37 cts.
38-1/2
35-3/8
35
34-1/2 34
The market was slightly LONDON RÜBBER
steadier. "
Previous close Today's close
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
JANUARY 27, 1940
On London:-
1,
Telegraphic
Transfer.1/4 13/16 Bank Bills, on demand1/4 13/16 Credits 4 months' sight 1/3 5/32 On Shanghai-
.On demand"
On Singapore:-
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE · BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
303
On demand
......... 52 1/2
On, Japan:-
On demand
.04
SINGAPORE RUBBER
SPOT
On India:-
Telegraphic Transfer: 182 1/8-
and demand.
On New York:-
89
Bank Bills, on demarid 24 9/18 Credits, 80 days' aght 26 3/18
On Batavia:-
APRIL-JUNE
JULY-SEPT.
New York, January, 27. Previous January 27 Closing Opening Closing Change Buyers Buyers
NEW YORK STOCK EXCHANGE
QUOTATION
\^ (REUTER'S SERVICE)
Lakey Foundry & Mac......
STOCKS
Last Sale
JAN. 28, 1940 STOCKS
Last Sale
Jan, 27
Jan, 27
Adams Express
72
Kennecott Copper
551
Alleghany Steel Co.
21
41.
Allied Stores
31
Libbey-Owens-Ford
Glass
49
Allis Chalmers
37
Lockheed Aircraft
301
Aluminium Ltd.
1041
Loew's Inc.
351
Amer. Can
1154
Mack Truck Inc.
241*
·
American Cyanamid B
341
Martin, Glen L
38+
Amer, Foreign Power
∙17
McKesson & Robbins, pid.
Amer& Foreign $7-pf.
23
Monsanto Chemical
1054*
American Gas & Elec.......* 371
Montgomery Ward
511
Amer. Locomotive
19.
National Aviation
131
36-5/8 off, 378 34-7/8 of 1
Amer. Metals Co.
234
Nat, Dairy Products
161
Amer. Radiator
91
Nat, Distillers
231*
34 cts.
of 1/2
Amer." Rolling Mill
153
National Gypsum
11
D. F. Landale, Esq.,
Amer. Sting and R'ing Co. 481*
National Lead
20
G. Miskin, Exq.,
Amer, Sugar Refining
191
Nat, Power & Light
K. 8. Morrison, Esq.,
B
Amer, Tel, & Tel.
1703
National Steel Corp.
Hon. Mr. T. E. Pearce,
MONDAY, JANUARY 29, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 420,000,000 Incorporated by Royal Charter, 183 Reserve Funds:
Paid-Up Capital £3,000,000 Sterling
£8,500,000 Reserve Fund
......................£3,000,000.
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of
prietors
£3,000,00€ Proprietors......
HEAD OFFICE: LONDON:
.$20,000,000
Head Ounce: HONG KONG
Chairman.
Board of Directors: Hon. Mr. A. L. Shields,
H. V. Wilkinson, Esq.,
Deputy Chairman. J. K. Bousfeld, Esq., A. E. Compton, Esq., Hon. Mr. S. H. Dodwell,
38, Bishopsgate, E. C.
Sub-Ageneles In London: 117/i, Leadenhall Street, EC3 West End Branch;
14/18, Cockapur Street, 8.W.1. Manchester Branch: 59, Mosley Street, Manchester, S.
AGENCIES AND BRANCHES:
ALOR STAR AMBITUAR BANGKOK
BATAVIA BOMBAY
HARDIN HONG KONG ILOILO JPOR
PENANG LANGCON
SAIGON
654*
On demand
On Paris:-
40 3/4
Buyer
. Buyer.
Change
Amer. Tobacco. "B"
89
National Supply Corp.
C. C. Roberts, Esq.,
94
Bank Bills, on demand 1-85 Credits 4 months' sight (140
SPOT
11-7/8
Amer, Waterworks...
101
New York Central
Sir Vandeleur M. Grayburn,
18+
APRIL-JUNE
11-3/4
CLOSED
Anaconda Copper
27
Niagara Hudson Power
Chief Manager. A PLACE
51
On Balgon:-
Un demand
-108 1/4
On "Manila :----
On demand
49 1/8
On Bangkok:-
·
On demand
510 1/4
On Sterling Notes:-
Bar Silver per oz.
Bank Buying Rate... 1/33/4
91 15/16
Londo
New York
Japan
India
Paris
Hongkong
0/4-1/2
7-3/8
31-1/4
NEW YORK STOCKS: 146.51; Change,off .10.
24-7/8
3.30
30-1/8
Sellers
Shanghai Exchange
Shanghel, Jan, 27 (Reuter).
Official T.T. Rates
JULY-SEPT.
NEW YORK COTTON; A steady and good domestle Trade de- mand caused a late rally. Selling was represented by continued foreign liquidation and some Southern sales. The world carryover of American cotton, which stood at a record high level of 14,100,000 bales on August 1. fast, is expected to be reduced by more than two million bale during the year.
NEW YORK RUBBER: There was no manufacturer's Interest. Dealer and Commission houses sold,
„CHICAGO, WHEAT: There was some buying on the estimate of
a substantial reduction to below average yields of the Australian. crop, but we need more buying power to maintain
advance. any Bitterly cold weather conditions prevailing in the Winter wheat belt are reported.
Baltimore & Ohio Barber Asphalt Co. Barnsdal on Bendix Aviation Bethlehem Steel Bliss & Co.
11-3/8
Atchison, T. & 3. Fe
227
N. American Aviation
251
Auburn Motors
28
North American Co.
211
64
Northern Pacific
Amoy
Branches: Ipoh
CANTON CAWKPORE
9
149
Owens-incis Glass Co.
Bangkok Johore
Penang Rangoon
CSA D COLOMBO DELHI
MBLMBLX
TABACHI
SHANGHAI
CALCINTIA
KLANG
INGAPOR
AGENCIES: ÜLIFE STREET
KOEK
SITIAWAN
XCALA
80FBARATA
LUMPUR KUCHING
TAIPING
TIESTSIN
"MADRAS MANILA
TONGEAN
(Bhuket)
MEDAN
THINGTAO
841
Hatavia Kobe
12
Pacific Gas & Elec
331*
Bombay
30+
Pacific Lighting
49
Calcutta
Kuala
737
Packard Motors
31
Canton
134
Paramount Pictures
71
Chefoo
London
Boeing Airplane Co. Borg-Warner
241
Pennsylvania R.R.
217
Colombo Lyons
24
Phelps-Dodge
Dairen Malacca
351
Bridgeport Brass Corp. Briggs Mfg.
114
Phillips Petroleum
401
Foochow Manila
191
Pittsburg Coke & Iron
7**
Haipnong Muar Swatow
Hamburg
Brooklyn-M'hattan Trans.
143
Public Service of N.J.
401
Brooklyn-Manhattan $8....
51
Pullman Inc..
273
Canadian Pacific R'way
5
Pure, Oil
81
Iloilo
Peiping
Previous close 146.61; Today's close,
Case, J.I.
713
Radio Corpn. of Am....
50
Celanese
271
Reading Company,
Com 151*
Chesapeake & Ohio
391
Reading Company, 1st pfd
254*
NEW YORK COMMODITY MARKET
(REUTER'S" SERVICE)
Chrysler Corpn.
83)
Remington Arms Co., Inc.
4*
Climax-Molybdenum Co...
37%
Republic Aviation Corp.....
61
Spot
Jan. Feb
Spot
Jan
Feb.
Market: Steady.
New York Cotton, Mar. New York Rubber, Mar.
7-7/8
7-3/4.
| Chicago, Wheat, May
Chicago Corn, May New York Hides, Mar. NEW YORK COTTON
March
May
July
July (New contract). October
t December (
China's January a.m. Spot
per cent.
bales.
July
September
December
May
Opening Closing 0/4-45/64 0/4-47/64
0/1-45/64 0/4-47/64
...... 0/4-41/64 0/4-43/04
U.S. Dollars
,"S7-13/16 $7-7/8
7-13/18
-7-11/16
Merchant Rates
Sterling. 0/4-11/16.
U.S. Dollars. $7-3/4
Silver Duty Rats
The Central Bank of Tale
London at 10 today was 1/2-1/2d.
The Equalisation rate was 16
India Rupee Paper
Bombay, Jan. 27 (Reuter).
Total sales yesterday's:-75.000 bales. Volume (in contract of 100 bales each) Yesterday's sale:
First Notice Day for March Cotton-27/2-Last Notice Day-15/3 NEW YORK RUBBER March
Government 3 Rupee 91-12-0 May
nominal.
New York Exchange
New York, Jan. 27 (Reuter).
TT on London Opening Rate). 3.08-5/8.
Total sales for the day:-570 tons,
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 CHICAGO WHEAT
+
Prev. Today's High Low Close Close Change 10.81 10.68 "10.78 10.77 .01 off 18.60 18.53 18.68 18.57 .11 off
997 98 981 09
up 57) 57 571" 57) 1 up 13.65 13.55 13.70 13.50 .11 öff
Colts Patent Fire-Arma Columbia Gas & Elec.. Columbia 6% "A" pf. Commercial Credit Co. Com, & Southern (Ord,) Cónsolidated Edison Consolidated Oll Continental Can
*80*
Republic Steel
19:
oj
Revere Cop. & Brass Inc. „;
122
88**
Reynold Tobac, "B"
402
47
Richfeld, O
72
Safeway Stores
471
"311
Schenley Distillers
127
71
Sears Roebuck
834
421
Shell Union Oli
11
+
Close
Opening .. Closing
Change
Continental Oll
24)
Socony-Vacunum Of
118
Copperweld Steel
16+
Southern Pacific
13
10.78/79
.10.71/71
10.77/79
.01 of
Corn Products
64
Southern Rly.35 pfd...
301
10.47/49
10.40/40
10.47/48
10.13/13
10.04/03
10,13/15
unch.
unch.
Curtiss Wright ((C.)
101
Sperry
451
Curtiss Wright' “A”
291
Spicer Manufacturing Co. 30*
10:20 N
10.18 B
10.30 N
.01 up
Deere & Co. ................
201
Standard Brands
7
8.47/47
9.36/37
0.48/48
.01 up
Distillers Corpn. Seagrams
191
Stand Gas & Elec.
12
}
9.38/40
9.30/29
9.42/42
.04 up. Douglas Aircraft
#3}
Standard Oll of California
*5*
}
.9.34 N
9.26/26
9.36 N
.02 up
Du Pont de Nemours
1801
Standard QU of N.J.
44
10.91 N
10.90 N
.01 off
Eagle Picher Lead
10
Stone & Webster
107
Eaton Mix. Co.
321
147,100
Elec. Autolite
35**
Studebaker Com.
Swift International
91
314*
Elec, Bond & Share
Technicolor
.141
Elec. Bond & Share $5 pf. 57*
Texas Corpn........
43&
Elec. Bond & Share $6 pt.
654
Texes Gulf Sulphur
*341*
"
18.68/63 18.27/28
18.56b/60a 18.57/60 18.16b/20a
11 oec. Power & Light $7 pf. 30
Timken-Axle .........
221
18.12/17
15 of Fisk Rubber
14/
Trans-America Co.
5%
18.15/15
18.05b/15a
12.00/00
.15 off
Flintkote
191
(20th Cent. Fox.
12
17.93/93
17.84b/858.
4 17.85/85 17.66/66
.08 aft
Gen. American Trans.
53*
20th Cent. Fox, $14. pr......
25
.08 Q
Gen. Electric
384
Union Carbide & Carbon
80%
Gen. Motors
521
Union Pacific.
94"
Gen. Railway Signal.
154
United Aircraft
477
Gen. Tire & Rubber
211
United Airlines Trans
151
981/981.
July
061/961
981/981 961/98
Calcutta Exchange
September
958/952
991/99 98$/901 957/951
i up
Glidden Co.
18.
United Corpn.
24
† up
Goodrich (B.F.)
171
United Corpn. $3 cum pf. 30
up
Goodrich $5 pf.
63*
United Gas Corpn:
11
Friday's sales-18.248,000 bushels."
Goodyear Tire & Co.
225
United Gas Improvement "143
Calcutta, Jan, 27 (Reuter).
CHICAGO CORN
Great Northern Iron Ore ...
131
U.S., Industrual Alcohol.
221
TT, on Japan, 79-1/2.
May
571/571 571/571
571/571
f up
Great Northern Rly, pfd,
24.
U.S. Rubber
38
July
571/571
571/571
up
Great Western Sugar
272
UM Rubber $8 ptd.
111
September
571/571
572/572
up
Greyhound Corpn.
181
US. Steel
573
SILVER MARKET
BOMBAY SILVER
Bombay, Jan. 27 (Reuter),
Market. Quiet but steady, Off-NEW YORK HIDES
take 100 bars,
WINNIPEG WHEAT
Hercules Powder Co,
39
Vanadium
30%
May
852/851 851/851
854/85
up
Homestake Mining
55A
Walworth Co.
51*
Betaria
July September
86/86) rija.
861 A
пр
International Harvester
501
Warner Bros. Pict.
31*.
Bocabay
871 A
קב
Int Nickel
38
Westinghouse Elec,
1071
Calentia
Int. Tel. & Tel
4*
March June
Indian Mint Silver
*13,70/72 13.55/85 13.93/95 13.85/87
13.59/60
11 off
| Johns-Manville
*721*
33.84/90
First notice day for March hides:-28/2/40
.09 of last trading day:-
Ready
57-05
25/3/40.
Feb. 3 Settlement
57-05
New York, Oficial..... 34-3/4
Mar. 4 Settlement
57-07
NY-London Cross Rate 3.98-5/8
unquoted 3.09
J. & Laughlin Steel $7 pid. 581*
•-bid.
DOW JONES AVERAGE
Woodward Iron Cor. Chase National Bank National City, Bank
223.
Haiphong Hankow total
Nagsaka Bew York Part
Kobe
Pelping
1-ex, div.
ויה
1039
Jan. 28, 1940.
LONDON, METALS
EXCHANGE London Jan 26 (Reuter).
TIN
ouvers
£
sellers
Standard, Cash 336 Standard,
3
3 months 236
236-1/2
236-1/2
1
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Jan. 26. · The following quotations are the middle prices at the close of the market in London. All quotations are subject to'confirmation and no responsibility is assumed for errors iri transmission,
U.S. COTTON EXPORT Canton-Kloon Rly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Bupl. Loan) 18 Tientsin-Pukow Rly. S
IB
(Ger. Stpd. Supl, Loan) Jap. 5% Ster. Loan, 1907 534 Jap. 6% Ster. Loan, 1924 57 Ger, 7% Intl. Loan, 1924 7 Chartered Bank HK, & Shal Bank (Ldn.
Reg.)
High
Low Dow Jones Averages, 156.92 191.41 30 Industrials
35.90 24.14- 20 Raile - sí
20 84.
97.70 90.70.30
Utilities
32.22 64.51 40 Bonds
- 26,00 89.37
16
65.07 45.59 11 Commodity Index 59.32
Jan. 96, - High Low Close Obangė 148.61 148.85 148.38 146.51 10 off 31.77 30.71 30.75 .09. off 24.93 34.82 24.08 12 off 80.23 .04 of 59.30
.0% off Business Done -320,000 shares
בס
Hawker Siddeley Airc. ...
£
Bristol Aeroplane ......... Imperial Chemical Ind. 31
14/3. .15
War Loan, 34% (Red:
after 1952)
81
08-77/16
Imperial Tobacco Marks & Sp'cer "A" ord. 52/11
121/3
16
B7
Rolls Royce ....
88/3
SUBSIDY MAY
Chinese 41% Gold Loan
ELK.Bhai Bank (Col
Leyland Motors
74/44
BE ABANDONED
NEW YORK, Jan, 27 Reuter)-
1898 (Brit. Issue).... 60 Chinese 5% Gold Bonds,
1925-47
Reg)
89
Tate & Lyle
54
50
Chinese Eng. & Mining
(bearer) .....
Turner & Newall
65/10
TO-
18.
United Steel
22/3
The Department of Argriculture Chin. 41% Anglo-French. officials stated today" that they Loan, 1908
4
Chosen Corporation
6/6
Smethwick Drop Forg....
12/6
50
Pekin Syndicate
1/
Armstrong Stevens, ˆord."
6
may be forced to abandon the Chinese 5% Crisp Loan... cotton export subsidy some 1,500,- •1912
S'ha! Elec. Constr. Co.
151
Pressed Steel, .com.
15.
30
000 bales shorts of the goal, owing Chinese 5% Reorg. Loan,
to lack of funds..
No definite determination, how
ever, could be made pending the
Chinese 8% Ster. Notes.
1925 (Vickers)
final report of cancellations of Chin. Imperial Rly. 5% exports under the early high rate, Loan
1913. (Ldn. Is.)
སྡེ་སྐྱ ས,
S'hai Waterworks “A” 12 Union Insurance
Vickers, ord.
18/9
201
Woolworths
60/9
Gula Kalumpong Rubber 21/3 Allied Ironfounders...... 14 Asso. & Elec. Industries 38/44 Austin Motors, ord.
Anglo-Dutch
-24/3
Rub. Plant. Invest. Trust
33/3
16/3
55
Thus far cancellations amount Horan Rly, 5%
18
Cable & Wireless, New
Form, ord.
.. 024
| Burma Corporation.
Commonwealth'. Mining Maraman Investments Randfontein Estates
10
to about 50,000' bales, the majority | Hukuang Rly. 5%, 1911...
19
B-A. Tob, (bearer)
101/3"
of which fell under the original Hukuang Rly. 5%, 1911 rate of 13 cents.
Mexican Eagle
114
Western Holdings ......... Sub-Nigel ...
Unlesa `· cancellations
(German Issue) Increase Lung Thing & U. Hai
17
Cammell Laird, ord.
#
Tanami Gold Mining
Mexican Eagle
6/3
Anglo-Iraniani
16/0. 36/101 11/5 197/6 öd. 58/9
there will only be enough money Rly. 6% 1913 ... available to make commitments 8'hai-N'King Rly. 6%. for 6,500,000, bales, of which more Tientsin-Pukow Rty, 5% than 6,000,000 have already been (Brit. Stpd.) completed.
Tientsin-Pukow Rly. 6%
Courtaulds
35/B
Burmah
65
20
Distillers
67/3
Shell Trans, E. Trad.
Dunlop Rubber
20/71
(bearer)
78/9
Ben. Electric (England)
76/41
*-Nominal
Guinness (A) Bon & Co. 77/3
Sourabaya
(Johore). Tientsin Bankow Mukden Токус Farbir
New York Tsingtao
-
NEW YORK FRIFINO
(Peking)
TOKOHAMA
FOREIGN EXCHAXOR 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 CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSIT application.
received for one year or shorter The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee reziciès on terms which will be business, and claime recovery of quoted on application.
British Income Tax overpaid, on
ALao up to date SATE DEPUBIT terms which may be ascertained at Boxes in various sizes To Lar any of the Agencies and Branches. Hong Kong. 11th January, 1940
R. A. CAMIDGE,
Manager.
HONGKONG SAVINGS
2
The Business of the above Banki is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain
ed on application.
For the Hongkong & ShaNGMAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 25th Feb., 1838.
BANK OF EAST ASIA, LIMITED
Board of Directora:
Bir Shomson Chow, Chairman Li Keen Chan, Esq. Li Lan Sang, Eag P. E. Kwok. Ény. Wong Chu Son, Bag. Wong Yan Tong, Esq. Kan Ying Po, Rag. Chan Ching Shek, Esq. Fung Ping Wah Enq Kan Tong Po, Esq., Chief Manager, LT Fong, Esq., Manager.
Branches and Agencist :--
Karlom Расс London Bangoon
Bakron
Malboarne
Singapore Bouw.y
Bag Fran- yde
cleod antsin
Seattle Vazouver Semarang
Stanghal
Every description of Banking and
Exchange business transacted. Loans
granted on approved securities.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STEINT
NEW YORK American Bank offering com- plete Foreign Banking Service, in the principal Markets of the world.
Interest Rates on Application.
ད
SAFE DEPOSIT BOXES..
This Bank is entirely owned by TRE CHASE NATIONAL BANT. NEW YORK, with Resources of ove U.9.$2,800,000,000.
D. M. BIGGAB,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000.00
(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 Ofices:"
Current Accounts opened in Local CANTON Currency and Fixed Deposits re- SHIDCHOW
ceived for one year or shorter
KONGMOON TOISHAN
KINGCHOW
periods in Local and Foreign Cur We also handle the issue of Bonds
rencies terms which will be and other Public Funds of the quoted on application. "
Chinese Government both "at Home SAFN DEPOSIT Boxka To Laz.
and Abrad.
KAN TONG PO,
Chief Manager.
BHOU J. CHEN...
Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAL TSINGTAU, CHEFOO
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
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZILO GENERAL MANAGERS
Saigon
Kowloon San
Francisco
KAIPHONG HAMBURG HANKOW
Lumpur Shanghai
Singapore
Sungei
Patani
Yokohama
BANK
An
Authorised Capital.. ..$10,000,000.00 Paid-Up Capital 5,398,600.00 Reserve and Undivided
Profits
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
2,883,032.01
-
SWATOW
1
1