Lyons Sourabaya
__(Jobore) Tientsin Mukden Tokyo Harbin New York Tsingtao
NEW YORK PIPING
(Peking)
ТОКОПАМА
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local ar Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
On demand
On India:-
Telegraphic Transfer.
*182 19
and demand
On New York:-
Bank Bills, on demand 24 5/8 Credits, 60 days sight 95 1/4
On Batavia:—
On demand
SPOT APRIL-JUNE JULY-SEPT.
34 cts.
New York, January 29. Previous January 29 Closing Opening Closing Change Buyers Buyers 38-5/8 36-1/4 36-1/2 off 1/8 34-7/8 34-1/2 34-1/2 off 3/8
33-5/8 33-5/8
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY 30, 1940
On London:-
Telegraphic Transfer./ 13/16 Bank Bills, on demand/s 19/16 Credits 4 months' sight 1/3 3,39
On Shanghai:—
On demand
On Singapore:-
On demand
On Japan!--
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
301
58 1/2
104.1/2
SINGAPORE RUBBER
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
STOCKS
Last Bale
Jannary 30, 1940 STOCKS
Last Sale
Jan, 29
Jan, 20
Adams Express
72
|Alleghany Steel Co.
21
Kennecott Copper Lakey Foundry & Mac.
354
Reserve Liability of
4
Proprietors.........
....$90,000,000
Allied Stores
81
Libbey-Owens-Ford
Glass
49
Allis Chalmers.
37
Lockheed Aircraft
30
Fend Offer:-HONG KONG
Aluminium Ltd.
1021
Loew's Inc.
354
Amer. Can
1161
Mack Truck Inc.
242
American Cyanamid B.
34
Martin, Glen L
384
Board of Directors: Hon. Mr. A. L. Shields,
Amer. & Foreign Power A. Amer & Foreign $7 pf.
17
McKesson & Robbins, pfd. 19*
Chairman.
231
Monsanto Chemical
100+
H. V. Wilkinson, Esq.,
American Gas & Elec.......
37
Montgomery Ward
512
Amer. Locomotive
194
National Aviation
13
Amer. Metals Co.
231
Nat. Dairy Products
181
Amer. Radiator
91
Nat, Distillers
231
off 3/8
Amer. Rolling Mili
151
National Gypsum
11
D. F. Landale, Esq.,
Amer. B'ting and Ring Co.
481
National Lead
"19}
G. Miskin, Esq.,
45 7/8
The market was steadier.
LONDON RUBBER
Amer, Sugar Redning
194
K. S. Morrison, Esq.,"
Nat, Power & Light
B1
Previous close Today's close
Amer. Tel, & Tel.
1701
Hon. Mr. T. E. Pearce,
National Steel Corp.
654
On Paris:
Buyer
Buyer
Change
Amer. Tobacco “B”
883
C. C. Roberta, Esq.,
National Supply Corp.
ន
Bank Bills, on demand 1085 Credits 4 months" sight 1140
SPOT
11-7/8
11-3/4
of 1/8
Amer. Waterworks
101
Sir Vandeleur M. Grayburn,
New York Central
16"
APRIL-JUNE
11-3/4
On Saigon:
JULY-SEPT.
11-3/8
11-9/16 11-1/4
cf 3/16
Anaconda Copper
"267
Niagara Hudson Power
51
of 1/8
Atchison, T. & S. Fe.
23
N. American Aviation
25+
Branches:
On demand "...
108 1/4
The market was dull.“
Auburn Motors
21
North American 'Co.
On Manila:-
Baltimore & Ohlo
54
Northern Pacifc
Amoy
Ipoh
On demand
48 1/4
On Bangkok:— -
On demand
611/4
On Sterling Notes:-
NEW YORK COTTON: Sentiment was more two-sided, many operators evidently preferring the side lines and are watching de- velopments. Spinner buying improved moderately down,
Barber Asphalt Co.
14)*
Bangkok
Johore
Penang Rangoon
WEDNESDAY, JANUARY 31. 1940.
BANKS
HONGKONG, & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1883 Reserve Funda: "
Paid Up Capital £3,000,000 Sterling
£ 6,600,000 Reserve Fund............................. £3,000,000
H.K. Currency Reservs $10,000,000 Reserve Liability of Pro
Deputy Chairman.
J. K. Bousfield, Esq.,' A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,
prietors...
£3,000,00€ HEAD OFFICE: LONDON:
38, Bishopagato E.0.1
Sub-Agencies In London:
117/19, Leadenhall Street, EUS. West End Branch: 14/16, Cockapur Street, S.W.1, Manchester Branch:
5, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
HARBIN
ALOR STAR AMRITSAR
BANGKOK BATAVIA BOMBAY CALCUTTA
AGENCIES:
PENANG
HONG KONG BANQOON
BAIGON
SEREMBAN
SINGAPORE
SITIAWAN
* SOURAMTA”
ILOILO IPOH
БАРАОНІ KLANG KOBS
SHANDRAI
CLIVE STARE "KUALA
LUMPUR
KUCHING
MADRAS
MANILA
TIENTSIN TONGELE
(Bhuket)
KIDAN
-TRINGTAO
Chief Manager. FAILI PLACE
CANTON
TAIPING
י'
CAWNPORS
CEBU COLOMBO
DELHI
Owens-linois Glass Co.
631
Batavia
Kobe
Barrisdall Ou
12}
Saigon
Pacific Gas & Elec
the
scale
337
Bombay
Kowloon
San
Bendix Aviation
302
Pacific Lighting
487
Calcutta
Kuala
Francisco
HAIPHONG HAMBURG HANKOW
Bethlehem Steel
734
Bank Buying Rate
Bar Sliver per oz."
1/3 3/4 9113/16
Chicago Corn, May
Sterling
the
bidding 1/2.15/16.
sorne business
1/2.29/32 for
May July Subsequently July (New contract)
October { was arranged at
December ( Cash. At 1. p.m.
Market Report
FROM BOZA BROS.
NEW YORK RUBBER: The market is featureless. CHICAGO. WHEAT: Sentiment is growing bearish and a new incentive is needed,
FLASH: Some important connections are reported continually selling short Wheat, Rubber, Hides and Cotton,
NEW YORK STOCKS:
Suver prices dropped 1/8 yester- day for both deliveries, the quota- 146.28: Change, off .25. tions being 21.13/16 for Ready
and 21.3/4 for Forward," Sliver ad- vices reported speculators as hav- ing sold to a small extent. A small The market business was done.
closed dull with sellers at the quoted rate." American Silver was quoted at 343/4 for Spot.
Previous close, 148.51; Today's close,
NEW YORK COMMODITY MARKET
The London-New York cross-rate New York Cotton, Mar. was quoted at 402.1/2. New York-New York Rubber, Mar. London was quoted a 399.7/8.
Market
The tone was somewhat hesitant
at the opening, but later eased off to some extent.
1/2.29/32 was indicated as selling rate at the opening, buyers
Chicago Wheat, May
New York Hides, Mar.
NEW YORK COTTON
March
Packard Motors
34
Canton
Lumpur Shanghai
Bliss Co.
131
Paramount Pictures
71
Chefoo
London -
Singapore
Boeing Airplane Co.
Colombo
Pennsylvania R.R.
21
4
Borg-Wamer
Phelps-Dodge
Dairen Malacca
Sungei
351
Bridgeport Brass Corp. ... Briggs Mfg......
114
Foochow Manila
Phillips Petroleum
401
Haiphong Muar
Patani Swatow
Pittsburg Coke & Iron
73*
Hamburg
Brooklyn-M'hattan Trans.
14
Public Service of N.J.....
40%
Bankow
Brooklyn-Manhattan $6....
Pullman Inc.
271
Canadian Pacific R'way
Pure Ou
8
-Iloilo
Peiping
Yokohama
Case, J.I
71
Radio Corpn. of Am
52
Celanese
Reading Company, Com
150
Chesapeake & Oblo
Reading Company, 1st pfd
25 *
Chrysler Corpn.
821
Remington Arms Co., Inc.
41*
(REUTER'S SERVICE)
Cilmax-Molybdenum Co.
371
Republic Aviation Corp.
61
Colts Patent Fire-Arms....
80
Republle Steel
191
Prey. Today's High Low Close Close
Columbia Gas & Elec.
Revere Cop & Brass Inc.
12
10.73
-18.51
18.45
981 963
571 56) 13.62
13.52
571 13.59
Change 10.60 10.77- 10.61 ,16 of 18.57 18.49 .08 off 99 961 21 off
56+
off 13.53b .06 off
Columbia 6% "A" pí.
Reynald Tobac. "B"
401
Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison. Consolidated Oll
471
Richfeld Ou
71
Safeway Stores
472
Schenley Distillers
121
#
**,**ཡྻུཾ,』,*》*
Sears Roebuck
83+1
Continental Can
421
Shell Union Ol
111
Close
Opening
Closing
Change
Continental Of
Bocony-Vacunum Oli
117
10.77/79
10.70/89
10.61/81
.16 ott
Copperweld Steel
161
Southern Pacific:
131
Corn Products
64]
10.47/48
10.40/39
10.30/31
17 oft
Southem Fly $5 pfd.
314
10.13/15
10.05/05
10:30 N
9.48/48
... "9.42/42
March
there were sellers at 1/2.7/8 Feb-January
ruary/April, buyers at 1/2.15/18 | Spot
Cash and possibly 1/2.29/32 Feb- Total sales Saturday's:-50,400 bales.
Kulky.
0.8. Dollary
First Notice Day for March Cotton-27/2-Last Notice Day-15/3
In Dollars 24.13/16 and 247/8 NEW YORK RUBBER were the opening quotations lead-
ing to a small business at 24.13/18 May
for Cash, At the lunch hour there were sellers at 24.13/18 Cash and 24.3/4 nrst half February, buyers at 24.7/8 Cash and 24.13/18 first February.
Shangbal Dollara 118 117.1/2 at the opening and towards 1 p.m. there were sellers
July
September............
December
Total sales for the day:-1,030 tons.
First Notice Day for March Rubber-28/2 Last Trading Day-27/3 CHICAGO WHEAT
9.30 N 10.90 N
10.25/25
9.40/41... 9.34b/35a 9.32/32
9.96/97 10.16 N 9.35/35 9:27 N
. .17 oft
Curtiss Wright (C)
101
Sperry
45
Curtiss Wright “A”
291
14 ott
Spicer Manufacturing Co.
304*
Deere & Co...
201
13 off
Standard Brands
7
Distillers Corpn. Seagrams
194
.15 of
Stand Gas & Elec.
11
Douglas Aircraft
.83
9.23 N
.13 off
Standard Oll of California
244
Du Pont de Nemours
181
10.75 "N
.15 off
Standard Ol of NJ.
432
Eagle Picher Lead
101
Stone & Webster
101
Eaton Mfg. Co.
328
Studebaker Com.
91
Elec. Autolite
357
Swift International
32
Elec. Bond & Share
71
Technicolor
15
Elec, Band & Share $5 pf.
5.7*
Texas Corps).
421
BANK OF EAST ASIA.
LIMITED
18.57/80
18.12/17
18.00/00
17.85/95
10.51/48
18.49/50 18.05/17.96 18.00/00 17.88/86 17.85/65
17.70b/73a
Elec. Bond & Share $i pf.
67
.08 of 12 off .15 off
Texes Gulf Sulphur
341
Elec, Power & Light 37 pf.
301
Timken-Axle
221
Fisk Rubber .....
14
Trans-America Co.
54
15 of |Fintkote
-181 i
20th Cent. Fox,
12)
17.86/86
17.55b/80a
11 off
Gen, American Trans.
53
20th Cent. Fox, $1j pf.'.
24 *
Profita
Gen Electric
387
9,883,921.01
Union Carbide & Carbon
801
Gen Motors
527
Union Pacific
93
Gen. Railway Signal
174
United Aircraft
471
Gen. Tire & Rubber
211
United Airlines Trans
151
Glidden Co.
18
United Corpo
23
at 316 and buyers at 317.
May
Shanghai Market
July
Opened with sellers for Sterling Septeraber
at 4.43/84 for Spot and U.S. Dollars
at 7.25/32 for Spot. The lowest
rate was 4.21/32 for Sterling and CHICAGO CORN
991/99
984/981
961/97
21 off
Goodrich (B.F.)
17
United Corpn. $3 cum pt.
391
$69/96+
953/951
942/941
21. or
Goodrich $5 pl.
.831
United Gas Corpn.
18
Li Koon Chan, Esq.
957/951
931/931
21 of
Goodyear Tire & Co........
United Gas Improvement
142
Saturday's sales:-12,661,000 bushels.
Great Northem Iron Ore ..
123
US. Industrual Aledhol.
221
Great Northern Rly, pfd.
244
US. Rubber
35
Great Western Sugar
-274
US. Rubber så pfd.
1117
574/571
574/571
572/571
572/572
-561/561 561/561 57/57
off
Greyhound Corpn.
161
U.S. Steel
572
off
Hercules Powder Co. Homestake Mining
89
Vanadium"
30
561
Walworth Co.
54
Amos
งา
WINNIPEG WHEAT
International Harvester Int Nickel
591
Infarin
London
Warner Bros. Pict.
37
Bombay
Manila
Saigon
Bwalow
38+
Westinghouse Elec,
108+
Cabuta
September
854/851 262.A 871 A
853 A
841/841 841/847
1 off Int. Tel, & Tel
4*
Halpbeur
1 of Johns-Manville
721
86 B..
Sterling
Woodward Iron Cor. Chase National Bank National City Bank
mag
Radkow Monalnia Labe
Pelplag
7.3/4 for U.S. Dollars Subsequent- May
ly the market was a shade steadier July
and loved at noon with sellers at September 4.11/18 for Sterling and 7.13/16 för US. Dollars.
AFTERNOON MARKET,
May The market was quiet in the July afternoon.
There were sellers. at 1/2.7/8 NEW YORK HIDES February/April, buyers at. 1/2.15/March
16 Cash and 1/2.29/32 February............. June
ns. Dollars
13.59/60 13.51b/50a 13.53b/55a 13.84/90 13.83/78 13.83/83
14 off, & Laughlin Steel tt pid... 561*
.06. Of
01 off
First notice day for March hides:-28/2/40 last trading day:-
unquoted
There were sellers at 24.13/18 25/3/40. Cash and 24.3/4 February, buyers New York, official "at 24,7/8 Cash and 24.13/18 first NY-London Cross Rate 3.99
half February,
There were sellers at 317.
Shanghat Dollars
Shanghai Market
J
Sterling, 4.11/18 at the opening i
and towards the close sellers were
quoted at 4.43/64 for 8pot.
Shanghai Exchange
| Official T.T. Rates
LONDON METALS
EXCHANGE London, Jan. 29 (Reuter).
TIN
Dwyer. sellers
&
"2
-34-3/4
3.99-7/8
SILVER MARKET
LONDON SILVER
London, Jan, 29 (Reuter). Silver-Little speculative selling.
*bid.
I-ex, div. DOW JONES AVERAGE
High Low-Dow Jones Averages
1939
155,99 131.41 30 Industriale
25.90 24.14 90 B
$7.70 20.70 20. Utililbina
98.23 8451.40 Bonda
Jan. 27, 146.51.
Jan. 30, 1940, . High Low Close 147.05 145.88 148.28 30 75 · 11,80 20.03 30.09 24,88 * 25,09 24.87 24.05 89.33
Change .25 off .00 off .07 ap 60.29 .00 of 68.90. 1.10 off
Business Done:-490,000 shares
65 87 45.59 11 Commodity Index 59.30 "
་
CURRENT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSIT on application. received for one year or shortar The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee rencies an terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
ALBO up to date SAFE DEPOSIT terms which may be ascertained at Rox in various sites To Lar any of the Agencies "and Branches.
R. A. CAMIDGE,
Manager.
· Hong Kong, 11th January, 1940
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.
7. M. GRAYBURN,
Chief Hanager. Hong Kong, 8th Feb., 1939,
Authorised Capital......$10,000,000.00 Paid-Up Capital
.......... 5,688,000,00 Reserve and Undivided
Head Office:--HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Bhouson Chow, ChairinaAZ
Li Lan Sang, Eaq, - P. K. Kwok, 4. Wong Chu Bon, Esq. Wong Jun Tong, Esq. Kan Ting Po, Raq. Chan Ching Shak, Esq. Fung Ping Wah Esq
Fan Tong Po, Esq., Chief Manager. Li Tes Fong, Esq., Manager.
Branches and Agencies :—
Korrisos Pessag
Melbourne
Bingspark
Напевов Bourabaya
oleon Tiantaẩm
VADCORTET
How Tuck Beattie Paris
THE CHASE BANK
15, QUEEN'S BOAD, CENTRAL
HEAD OFFICE:
18, PINE ŠTELIT,
NEW YORK. An American Bank offering com- plete Foreign Banking Bervice in the principal Markets of the world. Interest Bates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CRABE NATIONAL BANK, New York, with Emources of over U.S. $2,900,000,000.
D. M. BIGGAR,
Second Vice Prsa.
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 OVKE CHINA). Owing to our numerous Branches
Ban Tracydney in China and connections in the principal Commercial Centres of the World, we are able to extend 'a' our Clients special facilities for Domestic and Foreign Banking and Exchange.
Semarang. Shangh
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounta opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur rencies ов terms which will be quoted on application.
SATE DEPOSIT BoxIs To Lær.
KAN TONG PO,
Chief Manager
SINDO-CHINA
Poor support. Business very small.
Market dull. In the afternoon,
the market was dull after, very
Standard, Cash 238-1/2 238-3/4 small business at 1/18 under MarEAM NAVIGATION COMPANY LTD.
3 months 238-1/2 238-1/4
Shanghal, Jan. 30 (Reuter).
Standard,
0/4-1/2
7-3/8
31-174 24-77
3.30
•
today was 1/2-1/24.
30-1/8
Londo
New York
Japan
India
Paris
Hangkong
Sellers" Opening" Closing
0/4-43/64 0/4-11/16 0/4-43/64. 0/4-11/16 0/4-5/8 0/4-5/8
Spot
Jan,
Feb
Spot
Jan,
........ 7-25/32.
...U.8. Dollars
...... $T-25/32
$7-13/16
7-13/10
Feb... 7-11/16' 7-11/16
Market: Quiet but steady,
Merchant Rates
Sterling, 0/4-5/8)(en de
US:
15. Dollars, $1-11/18
Silver Daty Bate
The Central Bank
of
rate on London at 10:
The Equalisation rate was 15 Der cent.
India Rupee Paper
Bombay, Jan. 20 (Reuter). Government 34% Rupee, 91-10-0 nommal,
New York Exchange
New York, Jan 29 (Reuter).
TT, on London (Opening Rate).} 3.98-3/4,
Calcutta Exchange
Calcutta, Jan. 29 (Reuter).
TT on Japan, 79-1/2.
ket closed with sellers at that
price and buyers satisfied,
Spot, 21-13/18d.
Forward, 21-3/4d.
4 NEW YORK SILVER
New York, Jan. 29 (Reuter), Silver, Oficial, 34-3/4′′
BOMBAY SILVER
Bombay, Jan. 29 (Reuter). Market Quiet but steady., Off- take 50 bars,
Ready
Indian Mint, Sliver
Feb, 3 Bettlement
Mar. 4.Settlement
56-06
50-06
56-11
LONDON GOLD
London, Jan,29 (Reuter). Bar Gold, Fine per c. 168.
Operating Services for Cargo and Passengeri
TO-
* SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAY A
SINGAPORE, PENANG and CALCUTTA
SANDAKAŃ
HAIPHONG
All steamers barth alongside the Roosevelt Terminal in
the French Concession at Shanghai, where passengers and cargo are landed.
For further particulaci
plosan apply to
ARDINE MATHESON&Co.,L TELEPHONE ZOJILZGENERAL MA
JAGERS
Head Office:-BHANGHAI Hong Kong Branch; 4, QUEEN'S ROAD, C: South China Offices:
DANTON SWATOW SHLUCHOW
KONGMOON "TOFSHÄN
KINGCHOW.
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad
SHOU 3. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offices-15, Gracechurch Street.
London, EC.9.
Authorised Capital
abscribed Capital, ..... Fald-up Capita)
Haterve Fund sod. Last,
* BANKERS;
£5,000,000
£1,500,000
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Karla TrenggaTM
Bangkok
Ipak,**
Bombay
*. Madras
Calentia
Dew York
Kracht
Rahoon
Eats Bhar
Shanghaf
Kuala Kapte
Blant
Colombo Delhi
Hongkong
Howin
Evela" Lumpur". Singapore' HONG KONG BRANCH:
Every descriptid of Banking and Kebang business trazaacted.”
Travellers Cheques tancada de sange TRUSTEE AND EXECUTORSHIP. UNDERTAKEN AAN
UURRETT ADCOUSTE öpésed in Lomi Our TEGY ANJ PIXED"DEPORTId reasyed ja Local Currency, STERLING & U. 8, DULLA KO on WENUT that may be wertained on syplication.
D. BENSON,