Adams Express
Alleghany Steel Co.
Allied Stores
Allis Chalmers
+
14
305
COMMODITY MARKET REVIEW
Aluminium Ltd,
'Amer. Can
On demand
52 1/2
American Cyanamid B...
On Japan:-
On demand
104 1/4
SINGAPORE RUBBER
On India:-
Telegraphic Transter.
-89 19
New York, January, 27. Previous
January 27 Closing Opening Closing Change American Gas & Elec. Buyers Buyers
Amer. & Foreign Power AmerForeign ST pf.
Amer, Locomotive
and demand
On Batavia immi
On Paris:-
On demand
Bank Bills, on demand 1285 Credits 4 months' sight 1140
45-7/8
On New York:-
Bank Bills, on demand 24 5/8, Credits: 60 days' sight,25 1/4
The market was slightly steadier. LONDON RUBBER
SPOT
APRIL-JUNE
37 cts. 35-378
JULY-SEPT,
34-1/2
34 cts..
38-1/2 36-5/8 off 378 35
34-7/8 off
1 34,
of 1/2
Amer. Metals Co.......
Amer. Radiator
Amer. Rolling Mill
Amer. Sting and Ring Co.
Amer, Sugar Renning
Previous close Today's close
Amer. Tel, & Tel.
PAGE 10—HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
·JANUARY 29, 1940
On London:--
Telegraphic Transfer. 1/2 13/16 Bank Elis, on demand1/9 13/18) Credits 4 months' sight 1.3 5/33 On Shanghal:-
On demand
On Singapore:-
PAYNE & CO.
COMMODITY BROKERSTM STOCK EXCHANGE BUILDING
HONGKONG
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICK)
+9
TUESDAY, JANUARY 30, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Chairman.
prietors...
HEAD OFFICE: LONDON: "
38, Bishopsgate E.C.L Sub-Agencies In London:
117, 122, Leadenhall Street, Eda West End Branch:
14/16, Cockspur Street, A.W.1. Manchester Branch:
"
52, Mosley Street, Manchester, 2. AGENCIES AND BRANCHES:
HARDIN PERANG HONG KONG RANGOON
ALOR STAR AMRITSAR
ЛАКСКОК BATAVIA BOMBAY
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised Capital....... 800,000,000
Last Sale!
JAN. 28, 1940 STOCKS
Last Safe
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1823 Reserve Funda:
Jan, 27
Jan, 27
Sterling
73
21
Kennecott Copper' Lakey Foundry & Mac.
552
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Paid-Up Capital £8,500,000 Reserve Fund
...£3,000,000
£3,000,000
Reserve Liability of
44
Proprietors
.$90,000,000
£3,000,000
81
Libbey-Owens-Ford
Olass
37
Lockheed Aircraft
302
Head Office:-HONG KONG
1041
Loew's Inc.
35
115
Mack Truck Inc.
241*
341
Martin, Glen L
381
1}
McKesson & Robbins, píd.
23
Monsanto Chemical
105)*
·Board of Directors: Hon. Mr. A. L Shields,
H. V. Wilkinson, Esq.,
37+
Montgomery Ward
511
19*
National Aviation
134
23+
Nat, Dairy Products
101
· Deputy Chairman, J. K. Bousfald, Esq., A. H. Compton, Esq.,
Nat. Distillers
231*
Hon. Mr. 8. H. Dodwell,
15
"
National Gypsum
11
D. F. Landale, Eeg,,
482"
National Lend
20
G. Miskin, Esq.,
19)
I. S. Morrison, Esq.,
1703
Nat, Power & Light National Steel Corp..
8
Hon. Mr. T. E. Pearce,
654*
Buyer
SPOT
APRIL-JUNE
11-7/8
11-3/4
Buyer
CLOSED
Change
C. C. Roberts, Esq.,
KLANG
Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
89
National Supply Corp.
91
10%
New York Central ....
16+
Sir Vandeleur M. Grayburn,
27
On Saigon —
On demand
On Manila:
On" demand
On Bangkok:--
108 1/4
49.1/4
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
571/4
... 1/3 3/4
31 16/16
NEW YORK
New York Cotton, Mar
New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York Hides, Mar. NEW YORK COTTON March May July
יקי
(
A
Spot
were
bales.
AFTERNOON MARKET
March
May
the
morning there
for Spot a; 4.3/4 for Sterling and 7.29/32 for U.S. Dollars. Sub- sequently the market appeared to be a shade easier and closed at noon with sellers at 4.45/64 and 7.15/16 for Spot.
were sellers
July September December
......
May July
September
The market
was dull in
the
afternoon and reported..
Market Report
FROM RÓZA BROS. Silver prices
were unchanged over the Week-end, the quotations remaining at 21.15-16 for Ready and 21.7/8 for Forward, Silver advices were not received today. American Sliver
34.3/4 for Spot.
was quoted at
The London-New-York cross-rate was quoted at 402.1/2. "New York- London was quoted a: 389.
Featureless.
Market
Sterling
There, were sellers at 1/2.29/32 January and 1/2.7/8 March/May. buyers at 1/2.15/16 Cash and 1/2 29/32 March/April.
U.S. Dollars
There were sellers at 243/4 135 half February. Buyers at 24.13/16 Cash and 24.3/4 possibly February. Shanghal Dollars.
At the opening sellers affering 313 for Spot and towards the close at I p.m. there were sellers at 315.
Shanghai Market
During the early part of
JULY-SEPT.
NEW YORK COTTON: A steady and good domestic 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. last. 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.
11
CHICAGO WHEAT: There was some buying on the estimate of a substantial reduction to below average Fields of the Australian crop, but we need möre buying power to maintain any advance. Bitterly cold weather conditions prevailing in the Winter wheat belt are reported.
NEW YORK STOCKS: 146.51; Change of 10,
July (New contract) October December ( ).
January
9.34 N 10.91 N Total sales yesterday's:-75,000 bales,
Volume (in contract of 100 bales each) Yesterday's sale: 147,100
First Notice Day for March Cotton-27/2-Last Notice Day-15/3 NEW YORK RUBBER
Bendix Aviation
Bliss Co.
Niagara Hudson Power ...
51
11-3/8
Atchison, T. & S. Fe
223
N. American Aviation
251
Branches:
Chief Manager. FAILIA PLACE
CAWNPORE
CANTON
Auburn. Motors
21
North American Co.
217
CKBU
Baltimore & Ohlo
Amoy
Ipob
Penang
51
Northern Pacific
83
COLOMBO
Barber Asphalt Co. Barnsdall 00
142
Bangkok Johore
Rangoon
DELT1
ILOILO IPOH
SALOON
КАЖЫВАН
KARACHI
SHANGHAI
CALOUTTA
SINGAPORE
AGENCIES: EKOBE
SITIAWAN
CLIVE STRE
KUALA
HOURABAYA
LUMPUR
TAIPING
KUCHINO
TIENTSIN
MADRAS
TONGEAX
MANILA
(-Bhuket)
MEDAN
FINGTAO
Owens-linois Glass Co.'
6-41
Batavia
Kobe
123
Pacific Gas & Elec
3311
Bombay
Kowloon
304
Pacific Lighting
49
Calcutta Kuala
Bethlehem Steel
731
Packard Motors
31
Canton...
131*
Paramount Pictures
71
L'hefoo London
Boeing Airplane Co.
241
Pennsylvania FR
217
Colombo Lyons
Borg-Warner
24
Phelps-Dodge
350
Dairen
Malacca
Bridgeport Brass Corp.
115
Phillips Petroleum
403
Foochow Manila
Briggs Mfg.
101
Pittsburg Coke & Iron
.72*
Haiphong Muar
Hamburg
Brooklyn-M'hattan Trans.
143
Public Service of NJ.
401
Bankow
Mukden
Brooklyn-Manhattan se....
51
Pullman Inc.
་་
Canadian Pacific R'way
5
Fure Oll
81
Barbie Iloilo
Peiping
Previous close 146.61; Today's close,
Case, J.I.".
713
Radio Corpn. of Am.
53"
Celanese
271
Reading Company,
Com
150*
Chesapeake & Ohio
391
Reading Company. 1st pfd
254+
(REUTER'S SERVICE)
COMMODITY MARKET
Prev. Today's
Chrysler Corpn.
831
Remington Arms Co., Inc.
4*
Climax-Molybdenum Co.
371
Republic. Aviation Corp.
Colts Patent Fire-Arms Columbia Gas & Elec.
80*
Republic Steel
191
62
Revere Cop. & Brass Inc. ...
121
High Lev
10.81 11.48
18.60 18.53 18.68 18.57 997 98 981 99 571 57 571 574 13.65 13.55
Close Close Change 10.78 10.77 .01. off .11 off
Columbia 8% "A" pi
881*
Reynold Tobac. "B"
401
Commercial Credit Co.
472
Richfeld Ou
7
Com, & Southern (Ord.)
I
Safeway Stores
471
I up
Consolidated 'Edison
·31
Schenley Distillers
12
up
"Consolidated O
71
Sears Roebuck
831
13.70 13.59
11 off
Continental Can
421
Shell Union Oll
11
Close
Opening
Closing
Continental Oil
241
Socony-Vacuum Ol
111
Change
Copperweld Steel
16*
Southern Pacifc
13
10.78/79
10.71/71
10.77/79
.01 of
Corn Products
64
Southern Rly $5 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.
301
10.29 N
10.18 B
10.30 N
.01 up
Deere & Co,
201
Standard Brands
7
9.47/47
9.36/37
9.48/48
.01 up
Distillers Corpn. Seagrams
19
Stand Gas & Elec.
11
9.38/40
9.30/29
9.42/42
.04 up
Douglas Aircraft......
831
Standard Oil of California
25*
9.26/26
9.36 N
.02 up
Du Pont de Nemours
1801
Standard Oll of NJ.
44
H
10.90 N
.01 oft
Eagle Picher Lead
104
Stone & Webster
101
Eaton Mfg. Co.
328.
Studebaker Com
91
Elec. Autolite
*351-
Swift International
314*
Elec. Bond & Share........
7%
Technicolor..
141
Elec. Bond & Share $5 pf.
57**
Texas Corpn.
431
18.88/68 18.56b/60a 18.57/60 18,27/28 18.16b/20 18.12/17 18.15/15 .18.05b/15a 18.00/00 17.93/93
17.85/85
11 off .15, off 15 off .08 af?
Elec Bond & Share $6 pl. .863 mec. Power & Light $7 pi....... 304
Texes Gulf Sulphur
347+
Timken-Axle
221
sk Rubber...... Flintkote
144
Trans-America Co.
5%
191
20th Cent. Fox
124
Reserve and Undivided
Gen. American Trans.
53*
20th Cent. Fox, $ti pf.....
25
Profita.....
17.84b/85a
17.66/66.
.08 of
Gen. Electric
323
Union Carbide & Carbon
80%
'Total sales for the day-570 tons.
First. Notice Day for March Rubber-28/2-Last Trading Day-27/3 Gen: Railway Signal CHICAGO WHEAT
41
Gen. MotorS
521
Union Pacific
94-
161
United Aircraft
473
Gen. Tire & Rubber
211
United Airlines. Trans
153
981/981
961/961
982/982 991/99 981/96
# up
Glidden Co.
38
United Corpn.
21
964/961
up
Goodrich (B.F).
173*
United Corpn. $3 eum pf. 39%
952/953
957/951
up
Goodrich $5 pf. ............
63*
United Gas Corpn.
37
Li Koon Chan, Ea
Sterling.
May July
September WINNIPEG WHEAT
EN
U.S. Dollars
July September NEW YOKE HIDES March
316.
Friday's sales-18,248,000 bushels, ΠΟ business was CHICAGO CORN.
The market closed with sellers
1/2.29/32
January/February May and 1/2.7/8 March/May, buyers at 1/2.15/16 Cash
and 1/2.29/32 March/April.
The market closed with sellers June at 24.3/4 1st half February, buyers at 24.13/16 Cash and 24.3/4 Feb ruary."
Shangha! Daliars
Shanghai Market Sterling, 4.11/16 for Spot it
the
opening and towards the close sellers were quoted at 443/ 64 for Spot,
Shanghai Exchange
Bhanghat, Jan, 29 (Reuter).
Official T.T. Rates
First notice day for March hides:-28/2/40 last trading day:- 25/3/40. New York, Offielal 34-3/4 NY-London Cross Rate 3.88-5/8
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 In transmission.
War Loan, 31% (Red
after 1952)
3
(German Stpd.) Tientsin-Pukow Rly, 5%
(Brit. Stpd. Supl. Loan) 18 Tientsin-Pukow Rly, 5%
16
(Ger. Stpd, Supl. Loan) Jap, 5% Ster. Loan, 1007 53 Jap. 6% Bter. Loan, 1924 57 Ger, 7% Intl Loan, 1824 73 Chartered Bank
| Goodyear Tire & Co.'
221
United Gas Improvement
P. K. Kwok, Esq.
143
Great Northern Iron Ore
131
U.S., Industrual Alcohol,
224
571/571 571/571
574/571
up
Great Northern Rly, pfd,
241
US. Rubber
36
* 57/57
571/57...
853/851 86/801 871a
571/574
-1 up
Great Western Sugar
278
US. Rubber $8 pfd.
111A
573/572
i upGreyhound Corpn.
161
UB. Steel
572
851/85)
851/851
up
Hercules Powder Co," Homestake Mining
89
Vanadium
30%
55
Walworth Co.
5
Amo)
861 A
Batavia
Loudon
up
International Harvester
469
Warner Bros. Pict.
32*
BOORT
Manlia
87 A
up
Int Nickel
381
i
13.70/72 13.65/85 13:93/95 13.85/87
Int. Tel. & Tel
-4* ·
13.59/60 13.84/90
11 off
Johns-Manville
72;*
.09 off
J. &"Laughlin Steel ST pfd. 581*
Westinghouse. Elec, Woodward Iron Cor. Chase National Bank National City Bank
107*
221
Qalentia
Haiphong Hankow
Nagasaka
Parte
مايكا
•-bid.
unquoted 3.99
tex, diy. DOW JONES AVERAGE
1938
35.90 24.14 20 Raile -37.70 20.70 o Unilibres
די
16
32.21 84.51 40 Bonds 65.67 45.59 11 Commodity index 59.32
High Low Dow Jones Averages, Jan. 18, High Low Close Change 156.92 191.41 30 Industriala
148,80 148.38 148.51 .10 of 39,77 30.71 30.75" .09 off 24.93 24.83 24.88 .12 off 89.12 204 aff 50.30 .02 off
Jan. 28, 1840,
146.61
30 84 25.00
89.37
Business Dones:-320,000 shares
London
New York
0/4-1/2 7-3/8
98-7/16 H.K. & 6'hal Bank (dn.
Hawker Siddeley Airc.... 14/3 Bristol Aeroplane
15 Imperial Chemical Ind. 31, " Imperial Tobacco Marks & Spicer "A" ord: 52/11
121/3
Japan
31-174
Canton-K'loon Rly. 5% 18
India
24-7/8
Chinese 41% Gold Loan
Paris
3.30~
1898 (Brit. Issue)
60
Hongkong
30-1/8
Chinese 5% Gold Bonds.
Reg.) H.K. & Shal Bank (Col.
Rex) Chinese Eng.. & Mining
87
Rolls Royce
86/3
Leyland Motors
74/41
89
Tate & Lyle
Turner &. Newall
54 85/10/
1925-47
60
(bearer)
18
Sellers
United Steel‹.
22/3
TO-
Chin. 44% Anglo-French
Opening Closing
Chosen Corporation
d
Smethwick Drop Forg...
12/6
Spot
0/4-47/84.0/4-11/18
Loan, 1908.
50
Pekin Syndicate......
1/
Armstrong Stevens, ord.
6
Chinese 5% Crisp 'Loan.
Jan.
Feb.
0/4-47/84 0/4-11/16 0/4-43/84 0/4-41/64
S'hai Elec. Constr. Co.
151
1912.
30
B'hai Waterworks "A"
12
Pressed Steel, com. Vickers, ord,
15
18/9
"U.S. Dollars
Chinese 5% Reorg. Loan.
1913 (Ldn. 18.)
Union Insurance
201
Woolworths
60/9
42
Gula Kalumpong Rubber
21/3
Anglo-Dutch
24/3
Spot Jan.
$7-7/8 7-7/8
$7-25/32".
Chinese 8% Ster. Notes.
Allied Ironfounders...
14
7-25/32
1925 (Vickers)
12
Asso, & Elec, Industries 38/41
Feb. 7-3/4
Market:-Quiet,
Merchant Rates
Sterling, 0/4-21/32.
US Dollars, 37-11/16-
Silver Duty Bata
The Central Bank of China's rate
Lozicon on today was 1/2-1/24.
The Equalisation rate was 18: per cent.
7-11/16-
Chin. Imperial Rly. 5%
Austin Motors, ord.
16/3
Loan
55
Cable & Wireless, New
Rub. Plant. Invest. Trust Burma Corporation Commonwealth Mining Marsman Investments...
33/3:
10
15/9.
Honan, Rly, 5%
18
Form, ord.
814
Randfontein Estates.
36/10
Hukuang Rly. 5%, 1911...
.19
B.-A. Tob. (bearer)
101/3
Western Holdings
1175
Hukuang Rly, 5%, 1911
(German Issue)
די
Mexican Eagle
114
Sub-Nigel
197/6
17
Cammell Laird, ord.
8.
Tanami Gold Mining
Bd.
Lung Tsing & U. Hal
Ely. 5% 1913
Mexican Eagle
6/3
Anglo-Iranian
58/9
14
Courtaulds
35/9
Burmah
63
at 10 a.m. Bhal-N'King Rly. 5%
20
Distillers
07/3
Shell Trans. &Trad.
Tientsin-Puikow Rly. 5%
(Brit. Btpd.) Tientsin-Pukow Rly. 5%
Dunlop Rubber
29/'T
(bearer)
78/9
Gen. Electric (England)76/4
-Nominal
Guinness (A), Bon & Co. 77/3
DIT.
HAMBURG
Francisco HAXEOW
Sourabaya
(Johore) Tientsio
Tokyo Tsingtao Yokohama
NEW YORK PRIPING
(Peking)
FOREIGN EXCHANGI and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOSITS received "for One Year or shorter periods in Local or Other Currencica at rates which will be quoted on application.
SAVINGS ACCOUNTs also opened is Local Currency and Sterling with
CURRENT, ACCOUNT opened in interest allowed at rates obtainable LOCAL CORRENCY and Fixx DaroRIT on application. 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 crerpaid, on
Atao up to date SAK DEPOSIT terms which may be ascertained at ROXES in various sizes To LET any of the Agencies and Branches. Hong Kong, 11th January, 1940
R. A. CAMIDGE,
Manager:
HONGKONG SAVINGS
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, 25th Feb., 1988,
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00,
Paid-Up Capital ..........................
Head Office: HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Ehouson Chow, Chairma
Wong Chu Son, Eng.
THE CHASE BANK
18, 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
r
This Bank is entirely owned by
THE CHARE NATIONAL BAKE New Yox, with Esources of ove 1.8.$2,900,000,000.
ጓነ
D. M. BIGGAR,
Second Vios Pris
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
(BRANCHES ALL OVER CHINA)
Chan Ching Sbok, Esq. Fung Ping Wah EPAID-UP CAPITAL 840,000,000,00
Kan Tong, Po, Esq., Chief Manager. La Tan Fong, Esq., Manager.
Branches and Agencies :="
Korsioon
Bemarang Pelping Shangha
Bingapore
VALDOVIT
or shorter
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFT DEPOSIT BOXES TO LIT.
KAN TONG PO,
Chief Manager.
Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend, o our Clients special facilities for Domestic and Foreign Bauking and Exchange.
Head Office: SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices:
SWATOW CANTON
SHIUCHOW
KONGMOON TOISHAN KINGCHOW We also bandle the image of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers "
ו
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TLENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN-
HAIPHONG
All ateamers borth alongside the Roosevelt Terminal in the French Concession at
Shanghai, where passengers and cargo are landed.
For further particulars
plosao apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE SJOBIL GENERAL MANAGERS
Saigon
[
HAIPHONG
ТОЖОДАМА
San
Lumpur Shanghai
Singapore
Sungei
Patani Swatow..
New York
5,598,600.00
2,683,039.01
Li Lan Sang, Esq.
Wang Tun Tong, Esq. Kan Ying Po, Reg.
Penang
Bangoon
Balgon
Roeb Bwatow
Melbourne San Fran.
ydney
alaco Tintain
New York Beattie