Alleghany Steel Co.
Allled Stores.
Allis Chalmers
Aluminium Ltd.
Amer. Can
..{FROM PAYNE & CO.)
American Cyanamid B.
104 1/4
SINGAPORE RUBBER
APRIL-JUNE
JULY-SEPT.
New York, January 31. Previous January 31... Closing Opening Closing Change Buyers Buyers 36-1/2 37 cts. 34-3/4 35-1/4 33-778 34-3/8
Amer. & Foreign Power Amer American Gas & Elec.
& Foreign $7 pt.
Amer, Locomotive
37. cts. 35-5/8 34-1/2
up 1/2
Amer, Metais Co.
up 7/8
Amer. Radiator
Amer. Rolling MI
up 5/8
Amer. B'ting and Ring Co.
46 7/8
The market was steady but quiet LONDON RUBBER
Previous close Today's close
Amer. Sugar Refining
Buyer
Buyer
Changt
Amer. Tel, & Tel
SPOT
11-13/18
11-7/8
APRIL-JUNE
11-3/4
11-3/4
up 1/16
unch.
Amer. Tobacco "g"
Amer. Waterworks
JULY-SEPT." A....
11-5/18
11-3/8
-up 1./18
Anaconda Copper
108 1/4
OCTOBER
11-3/18
Atchison, T. & 8, Fe.
On demand
On Bangkok:
49 1/4
On demand......
511/4
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
1/3 3/4 91 3/8
NEW YORK RUBBER:
14
11
Quiet.
(
Sterling
There were
sellers
the
September
J
December
~
at 1/2.7/8
Market Report
.
FROM ROZA BROS. Silver prices rose yesterday to the extent of 5/18 for Ready and 7/18 for Forward, the quotations being 21.3/8 for both deliveries. Silver advices reported Specula- tors as having bought. The mar
American Silver ket was steady.
was quoted at 34.3/4 for Spot.
The London-New York cross-rate was quoted at 4021/2. New York- London was quoted at 399.1/2.
Market
Sterling
There were sellers at 1/2.7/8 February/April, buyers at 1/2.15/16 Cash and 1/2.29/32 February.
US Dollars
Sellers at 24.3/4 February, buy- ers: at 24.7/8 Cash and 24.13/16 February.
Shanghai-Dollar
At the opening there were sellers at 318 for Spot and closed with sellers at 326.1/2 for Spot,
Shanghal Market
Easy. Sterling opened with sell ers at 439/64 for Spot. The mar- ket closed at Noon with sellers at 4.35/64 for Spot U.S. Dollars open- ed with sellers at 7.21/32" for Spot and closed at Noon with sellers at 7.9/18 for Spot.
AFTERNOON MARKET The market was dull in afternoon.
The market was steady with some Trade buying.
NEW YORK COTTON: The rally attracted Southern
and there was quite a bit of realizing There was some uneasiness due to the uncertainty of the farm legislation and the irregularityBarnsdall Ol of the stock markets,
The steadiness of the market is reflect-
ing strength abroad, Domestic buyers are apprehensive over poten- tial supplies should the recent heavy shipping losses continue at the same rate. Large export sales of tires, notably to China, are re- ported.
CHICAGO WHEAT: Low foreign advices, with a report of better crop conditions in the South-West induced further liquidation Buy- ing power was limited and needs new inspiration to maintain an advance in prices,
NEW YORK HIDES: The statistics are very satisfactory and Previous close, 145.63; Today's close, patient accumulation is advisable.
NEW YORK STOCKS: 145,33; Change, off .30.
NEW YORK COMMODITY MARKET
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York Hides, Mar. NEW YORK COTTON March
May.. July
July (New contract)
> October
3 December ( P January Spot
Total sales yesterday:-67,600 bales.
First Notice Day for March Cotton-27/2-Last Notice Day-15/3 NEW YORK RUBBER March May July
Briggs Mfg.
Case, JI...
Celanese.....
Auburn Motors
selling
Baltimore & Ohio
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
FEBRUARY
On London:-
1, 1940"
Telegraphic Transfer. 13/18 Bank Bills, on demand/2 13/16 Credits 4 months' sight 1/3 5/39
On Shanghai :-
On demand
On Singapore:-.
On demand
On Japan:-
On demand
On India:-mo
....... 308
"
...... 59 1/2
Telegraphic Transfer-gg 178
and demand
On New York:-
Bank Bills, on demand 24 6/8 Credits, 60 days sight 25' 1/4
On Batavia: -----
On demand...............
Bank Bills; on demand 1985 Credits 4 months' sight 1140
On Paris:-
On Salgon:-
On demand
On Manila-
PAYNE &
CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
SPOT
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICS)
40%
184
FRIDAY, FEBRUARY 2, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised Capital..... $50,000,000
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1805 Reserve Funds: "
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,000
..£3,000,00
HEAD OFFICE; LONDON:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
pristors
$30,000,000
SAIGON
SEREMBAN
KARACHI
SHANGHAI
SINGAPOES
SITIAWAN
YOURABATA
Last Sale
FEB. 1, 1940
STOCKS
Last Sale
Sterling
Jan. 31
Jan 31
Z
Kennecott Copper Lakey Foundry & Mac.
35
鲁
Reserve Liability of
Proprietors
B1
Libbey-Owens-Ford
Glass
481*
353
Lockheed Aircraft
301
1001
Loew's Inc.
354
115
Mack Truck Inc.
241.
341
Martin, Glen L
37
Board of Directors: Hon. Mr. A. L. Shields,
17
McKesson & Robbins, pfd.
181
Chairman.
Monsanto Chemical
10%
H. F. Wilkinson, Esq.,
361
Montgomery Ward
514
181
National Aviation
13
J.
23
Nat. Dairy Products
91
Nat. Distillers
231
15
D. F. Landale, Eaq..
National Gypsum
10
473
G. Miskin, Esq.,
National Lead-...
192
K. S. Morrison, Esq.,
20
Nat, Power & Light
8.
Hon. Mr. T. E. Pearce,
1701
National Steel Corp.
851
C. C. Roberts, Esq.,
·89
10
National Supply Corp.
82
New York Central
157
261
Niagara Hudson Power
51
23
24
N. American Aviation
2+1
Branches:
51
North American Co...
213
Amoy
Northern Pacific
昧
Bangkok
Ipoh Johore
Barber Asphalt Co.
.14**
Owens-Diinois Glass Co.
623
Batavia
Kobe
Penang Rangoon Saigon
1.22.
Pacific Gas & Elec
34
Hombay
"Kowloon
San
Bendix Aviation
301
Pacific Lighting
Calcutta
Kuala
Bethlehem Steel
721
Packard Motors
31
Canton
Lumpur Shanghai
Bliss Co.
131*
Chefoo
London
Paramount Pictures
Boeing Airplane Co.
23+
Colombo
Lyona
Singapore Sourabaya
Pennsylvania RR
Borg-Warner
231
Dairen
Sungei Malacca
Phelps-Dodge
Foochow
Manila
Bridgeport Brass Corp.
"101
Phillips Petroleum
39
192
Haiphong Muar
Pittsburg Coke & Iron
Brooklyn-M'hattan Trans
154
Public Service of NJ,
41
Bankow
Brooklyn-Manhattan $8.....
541
Pullman Inc.
281
Harbin
Canadian Pacific R'way
5
Iloilo
Pure Of
67
Radio Corpn, of Am.:
51
281..
Reading Company,
Com
154
Chesapeake & Ohio
391
Chrysler Corpn.
801
Reading Company, 1st pfd
25
Remington Arms Co., Inc.
41*
Climax-Molybdenum Co.
37
Colts Patent Fire-Arms
79 *
Republic Aviation Corp.
Republic Steel
19
Columbia Gas & Elec.......
61
Revere Cop. & Brass Inc. ..
12
.
(REUTER'S SERVICE)'.
Columbla 6% "A" pl..
891
Reynold Tobac. "3"
401
Commercial Credit Co.
471
Richteld ou“
Prev. Today's Low Close Close Change High
10.63 10.68 10.85 .03 off 10.77
.10 up 18.85 18.73 18.65 18.75 971 96 97 981
554 568 13.90, 13.75
Com," & Southern (Ord.)
17
Safeway Stores
477-
Consolidated Edison
321
Schenley Distillers
Consolidated Ou
7
Sears Roebuck
831
Continental Can
421
Shell Union Oll
114
off
Continental Oil
248
Socony-Vacunum Ol
114
561 13.72b 13.77
551
Ox
Copperweld Steel
16 *
Bouthern Pacific
121
.05 up
Corn Products
63
Southern Rly $5 pfa.
30
Close
Opening
* Closing.
Change
Curtiss Wright (0)
10
Sperry...
451
10.68/68
10.73173
10.65/65
.03. off
Curtiss Wright "A"
291
Spicer Manufacturing Co. 301
10.38/38
10.44/44
10.33/33
05 off
Deere & Co.
201
Standard Brands
71
10.05/06
10.10/11
10.00/00
.05 off
Distillers Corpn. Seagrams
191
Stand Gas & Elec.
18
10.20/20
10.28/28
10.18 N
02 00
Douglas Aircraft
+81
Standard Oll of California
24
9.45/45
9/55/54
unreceived
Du Pont de Nemours
180
Standard Oil of N.J.
43
9.37 N
9.47/47
9.33 N
9.42b/45a
10.82 N
9.31 N 9.27 N 10.70 N ...03 off
06 of
Eagle Picher Lead
101
Stone & Webster
101
.00 out
Eaton Mfg. Co.
....... 321
Studebaker Com
101
Elec. Attolite
354
Swift International
314
Elec. Bond & Share
67
Technicolor
15
Elec. Band & Share $5 pr.
571*
Texas Corpn.
421
Elec, Bond & Share $6 pt.
66
Texes Gulf Sulphur
341
18.18/18
* 18.65/67
18.75/73
18.23b/35a
18/05/08
18.066/20a
17.89 B 17.72 B
18.75/79
10 up
Elec. Power & Light $7 pl.
291
Timken-Axle
214
18.32/35 18.15b/20a 18,05b/08a
.14 up
Fisk Rubber
14
Trans-America Co.
54
.10. up
Fiintkote
187
6,598,800.00
20th Cent. Fox
144
16 up
Gen. American Trans.......
52
Reserve and Undivided
4
17.85b/90a ..13 up
20th Cent. Fox, $13 pf...........
742
Gen. Electric
Gen. Motors
Gen. Rallway Signal
Gen. Tire & Rubber......
May
97/971
97/977
July
944/941
941/941
September
931/931
904/96) 937/933 1931/931
Glidden Co.
off
Goodrich (B.F.)
of
Goodrich $5 pr.
Tuesday's sales:-21,822,000 bushels. CHICAGO CORN
Goodyear Tire & Co.
Great Northern Iron Ore
May July. September WINNIPEG WHEAT May July
561/561 500/501
557/563
toff-
Great Northern Rly, pfd.
561/561
654/531
587/501
561/561
i of off
Great Western Sugar ...
Greyhound Corpn.
Hercules Powder Co.
84 b
841/847
"841/841
Homestake Mining
854b
8si B
+ off
International Harvester
September
867/807
881/881
ID F
Int Nickel
NEW YORK HIDES March Junë
Int. Tel & Tel-
13.72b/75a 13.75/75 14.01/03
13.77/77 14.06/07 14.10/13
.05 up
Johns-Manville
.05
up
J. & Laughlin Steel $7 pid. 571
34-3/4-
3.99÷1/2
Total sales for the day-1,440 tons.
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 February/April, buyers at 1/2.15/CHICAGO WHEAT
16 Cash and 1/2.29/32 February.
U.S. Dollars
There were sellers at 24.3/4 Feb- "ruary, buyers at 24.7/8 Cash and
24.13/18 February.
Shanghai Dollars There were sellers at 326.12, at the opening and the highest rate touched was 332. At the close there were sellers at 330, buyers bidding 331 for Spat.
Shanghai Market Sterling opened with sellers at 4.35/64 for 8pot and at the close there were sellers at 4.29/64 for Spot. US Dollars, 7.9/18 sellers at the opening and at the close sellers were quoted at 7.13/92. Market easy.
Sharhai Exchange
Shanghai, Feb. 1 (Reuter),
Official T.T. Batea
London
0/4-1/4
· New York
Japan
India
Paris
Hongkong
7-1/16 29-7/8 23-1/2 3.12 28-3/8
Boot Feb. Mar.
Sellers Opening Closing 0/4-41/84 0/4-29/64.
Spot
1.8. Dollars
$7-23/32
Feb.
Mar.
$7-13/32 -7-3/8 7-1/4
Market: Quiet...
0/4-19/32 0/4-7/16
0/4-3/8
7-5/8
Merchant Rates
Sterling, 0/4-7/16,
U.S. Dollars, $7-3/8.
Silver Duty Eats
First notice day for March hides:-28/2/40 last trading day:- 25/3/40.
34-3/4 New York, Official NY-London Cross Rate 3.99-1/2
LONDON STOCK EXCHANGE
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Btpd. Supl, Loan) 16 Tientsin-Pukow Rly. 5%
18
(REUTER'S SERVICE) London, Jan. 31. 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) Canton-Kloon. Rly. 5% 18 Chinese 41% Gold Loan
1898 (Brit. Issue). Chinese 5% Gold Bands,
1925-47.
Chin. 41% Anglo-French
Loan, '1908
Chinese 5% Crisp Loan.
1912
The Central Bank of China's Chinese 5% Reorg Loan.
OD
London
rate today was 1/2-1/24.
at
10 a.m
The Equalisation rate was 12-3/4 per cent.
India Rupee Paper
Bombay, Jan. 31 (Reuter)," Govt, 31% Rupee, 90-0-0. New York Exchance.
New York, Jan 31 (Reuter). TUT on London (Opening Rate), 3.99-1/4,
Calcutta Exchange
Calcutta, Jan. 31 (Reuter). T.T. on Japan, 79-1/4:
1913 (Ldn. Is) Chinese 8% Eter. Notes,
1925 (Vickers)
Chin. Imperial Rly 5%
Loan
Honan Rly, 5%.
Hukuang Riy, 5%, 1911... Hukuang Rly. 5%, 1911
(German Issue)
Lung Taing & U. Hai
Riy. 5% 1913 ghal-N'King Rly. 5% Tientsin-Pukow Rly." 5%
(Brit. Stpd.) -
Tientsin-Pukow Aly. 5%
(Ger. Stpd, Supl, Loan) Jap, 5% Ster. Loan, 1907 51. Jap. 8% Ster, Loan, 1924 54 Ger, 7% Intl Loan, 192471 Chartered Bank
50
30
Chinese Eng & Mining
(bearer) es
Chosen Corporation Pekin Byndicate ......
8'bal Mec. Constr. Co.
B'hai Waterworks "A"
Gula Kalumpang Rubber 21/3
Union Insurance
1939
DOW JONES AVERAGE
"High Low Dow Jones Averages
165,92-121.41 30 Industriala
35.90 24.14 20 Bails
$7.70 90.70 40
Utilibu
22.38 84.51 40 Bonda
Feb. 1, 1940
Jan. 30, High Low Close
Change
146,63
145.91 145.12 (45.31
30 off
30.72
35.73 30.53, 30.06
24.03
9490 24.65 24.70
$9.30
80.28
16 of 23 off .0% off 58.65 16 up
rencies
Business Done -810,000 shares
65 87 45.59 11 Commodity Index 58.40
Hawker Biddeley Aire. ... Bristol Aeroplane
13/9 14/6
Imperial Chemical Ind. 30/7
SATE DEPOSIT Boxes To Le
and Abroad.
KAN TONG PO,
Chief Manager.
BHOU J. CHEN,
Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where passengers and cargo are landed.;
For further particulara
please apply to
JARDINE
HESON&Co.,L
TELEPHONE ZORILLIGENERAL MANAGERS.
£
09
H.K. & 6'hai Bank (Lon
Reg.)
Imperial Tobacco
120
Marks & Sp'cer "A" ord. 52
87+
HK & Shai Bank (Col.
Reg)
Rolls Royce
83/9,
Leyland Motors
74/44
Tate & Lyle
.54/8.
Turner & Newall
'65/7);
TO
60
18
-8/6
United Steel
22/3
1/8
Smethwick Drop Forg....
12/8
. 15
Armstrong Stevens, ord.
6
12
Pressed Steel, com
15
201
Vickers,"ord
Woolworths
18/4 60/9
Allied Ironfounders
14"
Anglo-Dutch
24
56
16
ABSO. & Elec. Industries 38/10) Austin Motors, ord....... Cable & Wireless, New
Form, ord.
18/8
61
Rub, Plant, Invest. Trust Burma Corporation Commonwealth Mining Marsman Investments
33/3
9/9
15/6.
B.-A. Tob, (bearer)
102/6
Randfontein Estates
34/45
Mexican Eagle
#11#:
Western Holdings
10/6
Cammell Laird, ord.
7/101
Bub-Nigel,
195
Mexican Eagle.
Tanami Gold Mining
6d.
5/10
14
-34/103
Anglo-Iranian
56/10/
20
Distillers
88/3:
Burmah
66/3
Dunlop Rabber
3220/21
Shell Trans, & Trad.
18
Gen, Electric (England)
76/101
(bearer)
Culaesa (A). Đón ti Co
Nominal
༞ དྷ ༞ སྐུ་སྟ བྷཤྩརྒྱུུ ུ 8 ཋ
Courtaulds
371
Profita
1,883,032.01
Union Carbide & Carbon
801
521
Unton Pacific
934
Head Office:-HONG KONG
161*
United Aircraft
471
No. 10 Des Voeux Road, Central,
23-1
United Airlines Trans
15+
171
United Corpn.
21
Board of Directors:
17+
United Corpn. $3 cum pf.
391
Bir Shonson Chow, Chairman
631*
United Gas Corpn.
1}
Li Koon Chan, Paq,
22
131
United Gas Improvement
141.
U.S., Industrual Alcohol...
23
US, Rubber
851
277
US. Rubber 58 pid:
1102
101
US. Steel
562
29
Vanadium
30
54
Walworth Co.
54
AZDY
601
351
Warner Bros, Pict.
34
Vataria
Londos
Bombay
Maria
Hai un
В
**
Westinghouse Elec.
108)
Onloatia
Haiphong
Woodward Iron Cor. ...
221*
714"
Chase National Bank
Kabe
National City Bank
•-bid.
tex, div.
Head Office:HONG KONG
Deputy Chairman. Boushold, Esq.,
A. H. Compton, Esq.,
Hon. Mr. B. H. Dodwell,
Sir. Vandeleur M. Grayburn,
Hamburg
Chief Manager:
38, Bishopagate E.0.2.
Sub-Arenoles In London: 117/12, Leadenhall Street, E.C.a West End Branch: 14/16, Cookspur Street, 8.W.1. Manchester Branch: 69, Mosley Street, Manchester, %
AGENCIES AND BRANCHES:
HARBIN PENANG HONG KONG LANGOON ILOILO
ALOR STAR AMRITSAR
JANGIGI
BATAVIA
BOMBAY
| CALOGITA
KLANG
AGENCIER: KOM CLITA KUALA
PAYKKIR PLACE
CANYON
CAWNPORE
Francisco HANKOW
Patani Swatow
(Johore) Tientsin
Tokyo- Mukden Now York Tsingtao
Yokohama
LUMPUR KUCHING..
*** MADRAS
MANILA
MEDAN NEW YORK PRIPING
(Peking)
ΤΑΙΡΙΝΟ
TIENTKIN
TONGEAN
(Bhuket)
TSINGTAO
TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accorms opened and FIXED DEPOSITS received for One Year or shorter periods in Loon) 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.
Peiping CURRENT ACCOUNTS. opened in LOCAL CURRENCY and FIXED DEPOSIT
The Bank's Head Offss. in London received for one year or shorter periods in Local and other Cur undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
terms which may be ascertained at any of the Agencies and Branches,
B. A. JAMIDGE,
Manager..
Also up to date Sars DreOSIT Boxes in various sises To Let... Hong Kong, 11th January, 1940
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Bules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital..........
F. K. Krok. Esq.
Li Lan Bang, Fac, Wang Cha Bon, Esq. Wong Tan Tong, Esq. Kan Ying Po, Pag.. Chan Ching Shok, Eaq, Fang Ping Wak
Kan Tong Po, Esq., Chief Manager. Li Tas Fong, Esq., Manager.
Branches and Agancias m
Kartoon
Pasang Singapor
Bourabaya Bagoon
Melbourne Sea Tran- - ydag
ciao antiin
Hackow. New York Bethle Honolulu Parts
Pulping Shanghal
Bemarang
Every description of Banking and Exchange business transacted. Loans
granted on approved securitis.
THE CHASE BANK
16, QUEEN'S ROAD, CENTRAL HEAD OFFICE:
18, PINE STREET, "
NEW YORK. An American Bank onering bom- plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by BANK. TECHASE NATIONAL NEW YORK, with Besources of avat U.B.$2,900,009,000.
D. M. BIGGAR,
Second Fice Pra
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB 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 our Clients special facilities for Dumestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Officer:
CANTON
Current Accounts opened in Local SWATOW Currency and Fixed Deposits r* SHIUCHOW
ceived for one year or shorter
KONGMOON TUISHAN
KINGCHOW
periods in Local and Foreign Car. We also handle the imue of Bonds terms which will be and other Public Funds of the Chineso Government both at Home. quoted on application.
од
CEBU COLOMBO DITHI
HAIPHONG
HAMBURG