SINGAPORE KUBBER
On Batavia-
On Parts
On Manila;-
Telegraphic Transfer.|
and demand
On New York:----
Bank Bills, on demand 24 9/16 Credits, 80 days' sight 25 3/16
On demand
Bank Bills, on demand 1288 Credits 4 months' sight 1140
On Saigon:-:
On demand
On demand“.
On Bangkok:-
-92 1/8
SPOT.
APRIL-JUNE
JULY-SEPT.
34-3/8"
PAGE 10-HONGKONG DAILY. PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY 26, 1944.
On London:-
Telegraphic Transfer.19 13:16 Bank Bills, on demand/2.13.16 Credits 4 months' sight 1/3 5,39
On Shanghai:-
On demand
305
On demand 52 1/2
Qa Singapore:-
On Japan:-
On demand
............ 104
On India:-
PAYNE & CO.
་
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
៧
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, January 25. Previous January.25 Closing Opening Closing Change Buyers
Buyers
37 cts.
35-1/4.
CLOSED
NEW YORK STOCK EXCHANGE
Amer, Locomotive
QUOTATION
(REUTER'S SERVICE)
Kennecott Copper Lakey Foundry & Mac.
STOCKS
Last Sale
JAN. 26, 1940 STOCKS
Last Sale
Jan 25
Jan, 25
Adams, Express Alleghany Steel Co.
St.
351
21
4.
....$90,000,000!
Allied Stores
91
Libbey-Owens-Ford
Glass
494
Allis Chalmers
374
Lockheed Aircraft
29
Head Office:-HONG KONG
Aluminium Ltd.
105
Loew's Inc.
354
Amer. Can .....
115
Mack Truck Inc.
251.
American Cyanamid B Amor, & Foreign Power Amer Foreign $7 pf.
·347
Martin, Glen L.
-373
Board of Directors: Hon. Mr. A. L. Shields,
1
McKesson & Robbins, pld.
181*
Chairman.
241
Monsanto Chemical
175)
H. V. Wilkinson, Esq.,
American Cias & Elec.
371
Montgomery Ward
521
19:
National Aviation
121
Amer. Metals Co.
23
Nat Dairy Products
16
Amer, Radiator
97
Nat, Distillers
·231*
Amer. Rolling Mil
151
National Gypsum
11
D.. F. Landals, Esq.,
Amer. S'ting and Ring Co.
481
National Lead
The market was steady.
201
SATURDAY, JANUARY 27, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $80,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1883 Reserve Funds:
Paid Up Capital £3,000,000 Sterling
£8,500,000 Reserve Fund
........£3,000,000
£3,000,006
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors Proprietors..........
Deputy Chairman.. J. K. Bousfield, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
G. Miskia, Esq.,
HEAD OFFICE: LONDON: 39, Bishopsgate E.C.2 Sub-Agencles In London: 117122; Leadenhall Street, E.0.3. West End Branch: 14/16, Cockapur Street. S.W.1. Manchester Branch:
69, Mosley Street, Manchester, £. AGENCIES AND BRANCHES:
→HARDIN
PENANG
HONG KONG BANGOON
ALOR STAR AMRITHAR BANGKOK
ILOILO
SAIGON
اه
Amer, Sugar Refining
19)
Nat Power & Light
8
3. S. Morrison, Esq.,
BATAVIA
LPOR
SEREMBAN
43 3/4
LONDON RUBBER
Previous close Today's close
Amer. Tel,
Tel.
171
J
National Steel Corp..
Hon. Mr. T. E. Pearce,
BOMBAY
KARACHI
SHANGHAI
66
Buyer
Buyer
Change
Amer. Tobacco "B"
89
C. O. Roberts, Esq.,
SPOT
11-13/16
11-15/16
up.. 1/8
National Supply Corp.
9
Amer. Waterworks
101
New York Central
181
APRIL-JUNE
11-5/8
11-13/16
up 3/16
Anaconda Copper
271
Niagara Hudson Power
51
JULY-SEPT,
11-5/18
11-7/16
up 1/8
Atchison, T. & 8. Fe.
221
N. American Aviation
251
18 1/4
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz:
10 1/8
50 1/4
1/3 3/4 31 13/16
was
Sterling
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Com. May"
ין
and
US DollarS
March May July
at July New' contract)
October December ( January
"
Spot
March
was featureless.
31
January/February.
Total sales for the day: 820 tons.
1/2.29/32
GS Dollars
Shanghai Dollars
Wednesday's sales:-19,484,000 bushels. CHICAGO CORN
Shanghai Market
May
Market Report
FROM ROZA BROS. Silver proies dropped yesterday to the extent of 3/16 for Ready and 1/4 for Forward, Stiver ad- vices reported the market as being quiet with very poor support. American Silver.
quoted" at
34.3/4 for Spot,
The London-New York cross-rate, was quoted at 402.1, 2. New York- London was quoted at 398.5/8.
• Market
Idle. Practically nothing doing,
Market very steady with some trade enquiry, but sellers reserved...
NEW YORK COTTON: Trade buying and better domestic poli- tical news were offset by foreign selling.
NEW YORK RUBBER: There was some factory buying for BC- turls. Dealers, however, 'were selling distant positions. Uncertainty with regard to the latest Anglo-Japanese developments caused freer Eastern offerings here.
CHICAGO WHEAT: Export demand is lacking, the foreign mar- kets are easier and new demand is poor.
NEW YORK STOCKS: 146.29; Change, off 71.
Previous close. 147.00; Toddy's close,
NEW YORK_COMMODITY
(REUTER'S 'SERVICE)....,
Was quoted at 1/2.29/32 January New York Hides, Mar. and 1/2.7/8 March/May, buyers at
1/215/16 Casti March.
1/2.29/32 NEW YORK COTTON
Sellers at 24.3/4 Cash and 24.11 16 1st half February, buyers 24.13/16 Cash and 24,3/4 February. Shanghai Dollar
Sellers at 316.
Prev. Today's High Low Close Close, Change 10.79 10.57 10.72 10.72 urich, 18.90 18.79 18.70 18.79
.09 up 1001 984 1001 *081 1 off 571 571 571 571 off 13.93 13.82 14.03b 13.86 .17 off
Volume (in contract of 100 bales each) Yesterday's sale: bales.
Shanghai Market Sellers for Sterling were indi- cated at 4.43/04 and US. Dollars at.7.3/4 for Spct during the early part of the morning and towards the close at Noon there sellers for Spot at 4.11/16 and 7.25/32.
AFTERNOON MARKET The market in the afternoon May
Sterling
First Notice Day for March Corton-27/2-Last Notice Day-15/3 NEW YORK RUBBER
July September
The market closed with sellers December
1/2.29/32
and 1/2.7/8 March/May, buyers at 1/2:15/16 Cash and March.
First Notice Day for March Rubber-28/2-Last. Trading Day-27/3 CHICAGO WHEAT
The market closed with, sellers May at 24.3/4 Cash and 2411/15 first July half February, buyers at 24.13/16 September
Cash and 243/4 February.
316 sellers for Spot,
There were sellers of Sterling at July
Bendix Aviation
Bethlehem Steel
Bliss Co.
Elec, Autolite
were
Auburn Motors
North American Co.
211
Baltimore & Ohlo
5
Northern Pacific
83
Amoy
Branches: Ipoh
"
Barber Asphalt Co. Barnsdall Q8
144
Owens-Illinois Glass Co.
64*
Bangkok Jobors
Penang Rangoon
Sir Vandeleur M. Grayburn,
Chief Manager.
CALCUTTA
ÜLIYE BELEZ
FAN PLACE
DANTON CAWNFORE CEBU COLOMBO,
KUALA
KUCHING
MANILA
XLANG
BINGAPOR
·AGENCIES: KODE
BITIAWAN
SOUHABATA
LUMPUR
TALPING
TIENTEIN
MADRAS
TONGXAR
(Bhuket)
DEL 11
MADAN
TSINGTAO
Batavia
*Kobe
12
Saigon
ני
Pacific Gas & Elec
337
Bombay
304
Pacific Lighting
49
Calcutta
Kuala
733
Packard Motors
31
Canton
24
Paramount Pictures
74
Cheloo
London
Boeing Airplane Co. Borg-Warner
241
Pennsylvania R.R.
217
Colombo
Lyons:
233
Phelps-Dodge
38.
Dairen
Malacca
Bridgeport Brass Corp.
111
Phillips Petroleum
401
Foochow Manila
Briggs Mig.
20
Pittsburg. Coke & Iron
74
Haiphong Muar
Brooklyn-M'hattan Trans.
15
Public Service of N.J.
Hamburg
40
Brooklyn-Manhattan $6....
54
Fullman Inc.
27
Canadian Pacific R'way.
51
Pure Ou
87
Case, J.I.
71
Radio Corpn. of Am.
51
Celanese
274
Reading Company, Com
15
MARKET
Chesapeake & Ohio
401
Reading Company, 1st pfd
25*
Chrysler Corpn. .................
83+
Remington Arms Co., Inc.
• 41*
Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Cas & Elec, Columbia 8% "A" pf.
371
Republic Aviation Corp.
Bi
Republic Steel
..........
194
81
Revere Cop, & Brass Inc.
12*
891
Reynold-Tobac. "B"
401
Commercial Credit Co.
478
Richfeld Ol
TA
Com, & Southern (Ord.) ...
Safeway Stores
48
Consolidated Edison
311
Schenley Distillers
"12
Consolidated Ou Continental Can
Sears Roebuck
831
424
Shell Union Ou
112*
Close
10.72/72
Opening
Closing
Change
Continental Oil
241
Soccay-Vacunum Oil
21
10.75/75
10.72/72
unch.
Copperweld Steel
162
Southern Pacific
134
10.46/47.
10.45/46
10.42/43
.04 off
Corn Products
63!
Southern Rly $5 pfd.
31
10.12/14
10.13/12
10.08/10
.04 OT
Curtiss Wright (C)
10
Sperry
........
441
10.32 N
10.31/31
10.27 N
.05 off
Curtiss Wright "A"
291
Spicer Manufacturing Co.
31*
.9.49/49
*** 9.47/48
9:42/42
07 off
Deere & Co.....
201
Standard Brands
67
9.42/42
9.40/40
9.34 N
08 off
Distillers Corpn. Seagrams
-19
Stand Gas & Elec.***
17
9.41/41
9.39/39
9.31 N
.10 off
Douglas Aircraft Diy
alt
Standard "O
of California
251
10.39 N
10.89 N
unch.,
Du Pont de Nemours
1801
Standard Ol of N.3.44
147,100
Eagle Picher Lead
102
Stone & Webster
11
Eaton Mfg. Co.
31
Studebaker Com,
91
361
Swift International
32
Elec. Bond & Share
71
Technicolor
140
3
Elec, Bond & Share $5 pf.
57
Texas Corpn.
434
Elec Bond & Share $6 pf.
603
Texes Gulf Sulphur
341
18.70/70.
18.35/40
18.20/20
18.90/95 18.79/80 18.45b/50a 18.33/33 18.36/40 18.20b/25a
.09
Up
Elec. Power & Light $7 pt.
32
Timken-Axle
22}
20 off unch.
Fisk Rubber
141
Trans-America Co. .......
54
Funtkate
191
20th Cent. Fox.
121
18.02b/05a
17.95 B
18.03b/06a wach. 17.95b
Gen. American Trans.
531
20th Cent. Fox, $13 pf....
244*
unch.
Gen. Electric.......
38%
Union Carbide & Carbon
801
Gen. MotorS
527
Union Pacific
Gen. Itallway Signal
17
United Aircraft
Geri. Tire & Rubber
21
United Airlines Trans
12
Glidden Co.
Goodrich (B.F.)
173
United Corpn.
177
United Corpn. $3 cum pr
1001/1001 1001/1001
983/981
17
Goodrich $5 pf.
634*
977/971
973/971
55/96
17 off
Goodyear Tire & Co.
224.
971/971
051/951
1 oft
Great Northern Iron Ore
134
Great Northern Rly, pfd.
245
Great Western Sugar...
273*
Greyhound Corpn.
161
U.S. Steel
571/573 -573/572
571/57
or
Hercules Powder Co.
69
572/573
571/57
oir
Homestake Mining
552
4.11/16 for Spot.
September
58+/581
571/671
4 off
International Harvester
62
Int Nickel
361
Warner Bros. Pict.. Westinghouse Elec.
Shanghai Exchange
WINNIPEG WHEAT
Int, Tel, & Tel
43
Shanghai, Jan, 26 (Reuter).
May
801/863
86 7861
857 B
Omcial TT. Rates
July
*871/874
863/881
on Johns-Manville
off 3. & Laughlin Steel $7 ptd.
73.
.58
Woodward Iron Cor. Chase National Bank National City Bank
བྷྱཿཀྰ ྃ་ཨཱཊཝཨྰཿཨྰཿཏྟཱབྷརྰཆཚནྡྷསྶ1I
4mg)
1071
Betala Bombay Daloutta Halphong Hankar
Kanila Kalbos
New York
Pelping
Londo
0/4-1/2
September
884/881
87 A
1 off
•bid.
-ex, div.
New York
..7-3/8
NEW YORK HIDES
Japan
31-174
India
24-7/1 3.30 20-1/8.
March
June
14.03b/05a
14:29/29
13.88b/14.08a 13.86/86 14.30/24 14.12/14
1939
25/3/40.
Paris Hongkong
Spot
Jan:
Feb.
Spot
Jan;
Feb.
Sellers Opening Closing 0/4-43/640/4-45/64
0/4-43/64 0/4-45/64 0/4-19/32 -0/4-41/64
U.S. Dollars
$1-3/4
7-3/4
7-5/8
$7-13/16 7-13/16 7-11/16
First notice day for march hides:-26/2/40 last trading day:
34-3/4
New York, Official NY-London Cross Rate 3.98-5/8
34-3/4 3,98-3/8
WEEKLY RETURNS AND REPORTS
Pubile Deposits
BANK OF ENGLAND
Market: Qulet but steady.
Merchant Rates
Sterling, 0/4-21/32.
U.S. Dollars, $7-11/16. "
Silver Duty Rate
The Central Bank of China's rate- 021 London at 10 a.m. today was 1/2-1/2d."
The Equalisation rate was 15
Der cent
India Rupee Paper
Other Deposits;-
Bankers
Other Account Total
'Government Securities
Other Securities:-
Discount & Advances Securitier
Notes and Coins
London, Jan. 25 (Reuter).
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
&
Jan 18 37,180
Jan 25
56,690
102,470
80,130
41,680
$3,020
144,150
123,150
TO-
117,200
112,200
3,770
3,210
24.750
24,000
Total
28.520
27,330
63,590
58,220
Total Bullion
1,040
1,010
Notes in circulation ...........ve
527,450
522,790
Bombay, Jan. 25 (Reuter). Goverment 31Rupee, 82-02-0
Ratio of Reserve to Liabilities
29.55%
Price of Gold at which holdings are valued 1.58/-
32.37% 188/-
nominal
New York Exchange
New York, Jan. 25 (Reuter).
TVT on London Opening Rate). 3.98-7/8
Calcutta Exchange
Calcutta, Jan 26 (Re TT, on Japan, 79-
FEDERAL RESERVE SYSTEM
Bills Bought
US. Securities held
Industris). AdVADON
Federal Reserve Hatio
Federal Reserve Credit' Outstanding
Monetary Gold stock
New York, Jan. 28 (Reuter)..
(000's · ́omitted)
Jan, 19 Jan. 18. Jan. 25
1,000 2.564,000 1,471,000
83,91% 87:38% 2,588,000 2,515,000 14,618,000“ 17,605,000
16.390,000-10,892,000
LA77,000
· 87.49% · 2,524,000 17279,000
10,911,000
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt, Terminal in the French Concession at: Shanghai, where passengers and cargo are landed.
For further particulars
: plonus pply toán
ARDINE MATHESON&C
TIL DEBIT ZOBILÄGENERALA
AGERS
THE MERCANTILE BANK OF INDIA, LIMITED -
Head Offices-15, Gracechurch Street,
London, EC.3. Authorised. Capital
Subscribed Capital Paid-up Capit
Reserve Fund and East,"
BANKERS:
000,000 £1,800,000
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Kourtur
Bangkok
Ipoh
Bombar
Caloutta
Colombo
Delhi Galle
Kandy Karachi
Kota Bharu
Ka Lipia
Kuala Troggs
Madri
New York
Penang
Shangha
Fimia
Hongkook
Bowral
Kuala Lumpur ́· Nempore.
HONG KONG BRANCH:
- Evary description of Banking and Etching
Tallers Chaques instad,
TRUSTEE AND EXECUTORSHIP
UNDERTAKENAKA CURRENT LOOOUNTS opened. In Legal Our- rency
ED DEPOSITO montre la Loos Currency, STERLING 'U.8, DOLLARS on terms that may be macuetaland in appliemaison.
"AD, BENBON, PO
.17 off
17
Jan. 26 1940
· 356,99 121.41 30 Industrialn
35.90.24.14 90 · Raile
97.70 20.70 20 Uniliben
22.39 84.51 40 Bonda
147.00 30 93 25.18 89 41
147.29 14601 148 20 31.3 30.32 20.89 25.21 25.03 25.11
65.67 45.59 11 Commodity Index. 59.90
89.46 59.43
Change ,71 of .04 off .07 off
.63 off
.04 op.
Business Done :-540,000 shares
DOW JONES AVERAGE.
High Low Dow Jones Averages, Jan. 24, High Low Close
United.. Gas Corpn.
United Gas Improvement 144
U.S., Industrual Alcohol
US. Rubber
US. Rubber $8 pfd.
Vanadium
Walworth Co.
Sourabaya
Patani
PEIFING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with " interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened, LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter
The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
ALSO up to date SAFE DEPOSIT terms which may be ascertained at Boxes in various sizes To LET any of the Agencies and "Branches. Hong Kong, lith January, 1940
HONGKONG SAYINGS
BANK
The Business of the above Bank) is conducted by the HONGKONG & SHANGHAI "BANKING COR-] PORATION: Rules may be obtain ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 5th Feb., 1839.
Authorised Capital...$10,000,000.00 Paid-Up Capital
Reserve and Undivided
Profits
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Shouson Chow, Chairman
Li Koon Coun. Esq.
Li Lan Sang, Esq. Wong Chu Son, Esq. Han Ying Po, Eng. Fong Ping Wab Esq Kan Tong Po, Esq., Chief Hanager. Li Tea Fong, Esq., Manager.
P. K. Kwak. Eng. Worg Inn Tong, Esq. Chan Ching Shuk, Eaq.
Branches and Agencias 2-0.
Kartoon Ponsor Hognpare Loudon Rangoos Sourabaya
Baigan Swalor en Fran- yongy
Honolulu Par Kobe
lao ni Seattle VancouTor Semarang Shanghal
shorter
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or periods in Local and Foreign Car rencies on terms which will be quoted on application.
SAFE DEPOSIT BOXES TO IE
KAN TONG PO,
Chief Manager.
R. A. CAMIDGE,
Manager
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE;
18, PINE STREET,
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
い
This "Back is entirely owned by THE CHABE NATIONAL BANK, New York, with Basoaroms of ora 1.8.3,900,000,000.
D. M. BIGGAR,
Second Vice Pr
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and, connections in the principal Commercial Centres of the World, we are able to extend So our Clients special facilities. for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
"We also handle the issue of Bords and other Public Funds of the Chiness Government Both at Home and Abroad.
SHOU J. CHEN, 4
Manager.
Kowloon San
Francisco
HAIPHONG HAMBURG BANKOW
NEW YORK
TOKOBAMA
Lumpur Shanghai
Singapore
Sungei
Swatow
(Johore). Tientsin
Bankow Mukden Harbin New York Tsingtao Iloilo Peiping Yokohama
Tokyo
in
BANK OF EAST ASIA, LIMITED
5,598,800.00
8,883,939.01
1