Alleghany Steel Co.
Allied Stores
Allis Chalmers
Aluminium Ltd,"
Amer. Can
American Cyanamid B.
On demand
103 3/4
SINGAPORE BUBBER
Telegraphic Transfer.
B POT
APRIL-JUNE
JULY-SEPT",
New York, February 1. Previous February 1 Closing Opening Closing Change Buyers
Buyers 37 cts. 36-7/8 37-1/8 up 1/8 35-5/8 35-1/2 35-3/8 84-1/2 34-3/8 34-1/2
Amer. & Foreign' Power Amer & Foreign $7 pt.
of 1/4 ünch.
American Gas & Elec. Amer, Locomotive Amer, Metals Co. Amer. Radiator
Amer. Rolling Mill
Amer. O'ting and Ring Co. -47}"
On Bataviz
On demand
On Paris:-
45 3/8
After ruling easter, the market becaïne steady. LONDON' RUBBER
Amer, Sugar Refining
Previous close Today's close
Amer. Tel & Tel.
Buyer
Buyer
Bank Bills, on demand 1383 Credits 4 months' sight 1140.
SPOT
11-7/8.
11-7/8
Change
unch.
Amer. Tobacco' "B"
Amer. Waterworks
-APRIL-JUNE
11-3/4
11-11/16
of 1/16
Anaconda Copper
On Saigon
On demand
On Manila:
On demand
JULY-SEPT.
11-3/8
11-5/16
of 1/16
·108 1/
Atchison, T. & S. Fe.
OCTOBER
11-3/18
11-1/8
off 1/16
Auburn Motors
49
Baltimore & Ohlo
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS FEBRUARY L. 1949
On London:---
Telegraphic Transfer,!/2 13/18) Bank Bills, on demand:/% 13/16 Credits 4 months' sight 1/3 5,32 On Shanghai:—
On demand
On. Singapore:—–
315
On demand ............. 52 1/2
От Гарап:-
8 8 8 8 ♬
On India:
and demand
On New York:
ramazer. 152. 1/8
Bank Bills, en demand 34 1/2
Credits, é days' sight 35 1/4..
...
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET "REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICE)
SATURDAY, FEBRUARY 3, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA"
AND CHINA
Indued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1883
| Païd-Up_Capital £8,500,000 Reabrve Fund
PKNANG
Chairman.
Deputy Chairman.
38, Bishopsgate E.C.S. Sua-Agencies In London: 117/122, Leadenhall Street, Eda West End Branch: 14/18, Cockspur Street, S.W.1. ' Manchester Branch: 62, Mosley Street, Manchester, % AGENCIES AND BRANCHES:
HARBIN
ALOR STAR AMRITSAR ΚΑΠΟΙΟΥ BATAVIA BOMBAY
DALCUTTA
HONG TONG LANGOON
ILOILO IPOH KARACHI
KLANG
AGENCIES: KORE CLIVE ÜTZERT FAIRLIN PLACE
DANTON
KUALA
LUMPUE KUCHING
MADRAS MANILA
- SITIAWAN
SOURABAYA
TAIPING
SAIGON
BANKING CORPORATION
Authorised Capital... $50,000,000
Last Sale
Feb, 1
.
FEBRUARY 2, 1940 STOCKS
Last Bale Feb, 1
Reserve Funds:
...........£3,000,000
.71
1
Kennecott Copper
35
201
Lakey Foundry & Mac. .....
4.
Proprietors
...$20,000,000
Sterling an's H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of"
...£3,000,00% prietors......
HEAD OFFICE: LONDON:
£3,000,000
Br
Libbey-Owens-Ford
Glass
481
351
Head Office:-HONG KONG
Lockheed Aircraft
301
981
Loew's. Inc.
361
114+
Mack Truck Inc.
243
342
Martin, Glen L
38
Board of Directora: Hon. Mr. A. L. Shields,
17
McKesson & Robbins, pid. 181*
23+
H. V. Wilkinson, Esq.,
Monsanto Chemical
1074
381
Montgomery Ward
51+
181
National Aviation ..
123*
Nat. Dairy Products
167
21
J. K. Bousfeld, Esq., A. H... Compton, Esq., Hon. Mr. 8. H. Dodwell,.
Nat. Distillers
231
147
D. F. Landale, Beq..
National Gypsum ...
101
G. Miskin, Esq.,
National Lead
194
I. S. Morrison, Esq.,
20
Nat, Power & Light
81
Hon. Mr. T. E. Pearce,
BAREMBAN
SHANGHAI
1704
National Steel Corp...
0. O. Roberts, Esqʊ
SINGAPORS
89%
10
National Supply Corp.
મ
Sir Vandeleur M. Grayburn,
New York Central
157
Chief Manager.
264
23+
Niagara Hudson Power
54
N. American Aviation
25
Branches:
CAWSPORE
TIENTSIE
2
CEBO
TONGKAN
Barber Asphalt Co.
On Bangkok:-
On demand
50 1/4
Barnsdall Oil
On Sterling Notes:-
Bank Buying Rate
... 1/33/4
Bethlehem Steel
Bar Silver per oz.
21 3/4
Boeing Airplane Co.
3
*
Bridgeport Brass Corp.
Briggs Mig.
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $8....
Canadian Pacific R'way
Case, J.I.
Celanese
Chesapeake & Ohio
Chrysler Corpo.
was
Climax-Molybdenum Co.
Prev. Today's
Colts Patent Fire-Arms
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May. Chicago Corn, May New York Eldes, Mar. NEW YORK COTTON March
Close
Opening
High Low Close Close Change 10.77 10.66 10.65 10.76 11 up 18.73 18.68 18,75 18.86b .09 off
961 954 961 96
off 554 54) 551 54g 1 QII 13.88 13.70 13,77 13.84 .07 up
Change
Columbla Gas & Mec.
Columbia 8%. "A" Dr.
Commercial Credit Co.
Com, & Southern (Ord.)
Consolidated Edison-
Closing
Consolidated Of Continental Can
10.85/65
10.70/70
10,76/77
וי
.11
up
Continental Ou
May.
10.33/33
10.40/39
10.42/42
קנר 09.
Copperweld - Steel
July
10.00/00
10.03/03
10.06/03
.03 up
Corn Products
S. Dollars
unquoted
10.23 N
05 up
Curtiss Wright (C.)
>
9.39/39
9.44/43
9,41/41
.02. UR
Curtiss Wright "A"
9.31 N
9.34/34
9.32/32
01 up
Deere & Co.
January
( )
9.27 N
9.30b/34a
9.29 N
.02. up
Distillers Corpn. Seagrams
Spot
10.79. N
10.89 N
.10 up
Douglas Aircraft
Du Pont de Nemours
Eagle. Ficher Lead
Eaton Mfg. Co.
18.75/79 18.69b/80a 18.68b/70a 18.32/35
18.25b/30a 18.23b/25a 18.156/20 18.00b/15a
18.05/05'
.09 off
Elec. Autolite
.09 off
Elec. Bond & Share
.10 off
Elec. Band & Share $5 pt.
September
December
18.05b/08a 17.85b/90a
17.93/93 17.73/73
12 off
Elec. Bond & Share $6 pl.
.12 off
Elec. Power & Light $7 pf.
Fisk Rubber
Tintkote
Gen. American Trans.
May
951/967
96/952
the
July
937/934
938/391
96/361 931/931
1 off
Gen, Electric
+ off
Gen. Motors
|
September
931/931
928/921
2 off
Gen. Railway Signal
Sterling"
Wednesday's sales-17,615,000 bushels.
Gen Tire & Rubber
CHICAGO COEN
Glidden Co.
May.
551/551 5517551
540/542
1 OLI
Goodrich (B.F.)
July
552/551
541/548
off
Goodrich $5 pf.
September
561/581
55/55
It off
Goodyear Tire & Co.
Great Northern Iron Ore ..
WINNIPEG WHEAT ·
N
May July
841/841
841/841
854b
September
861/861
84 B 841 A 852/851
+ of
Great Northern Rly, pfd.
1 off
Great Western Sugar
off
Greyhound Corpn.
Hercules Powder Co.
'NEW YORK HIDES March
13.84/85
107 up
Homestake Mining
June
14.10/13
International Harvester
·.04. up
Int. Nickel
34-3/4
NY-London Cross Rate 3.99-1/2
Spot
i
1939
Hieb
Market Report
FROM ROZA BROS. Bliver prices rose yesterday to the extent of 3/8 for Rendy and 5/10 for Forward, the quotations being 21.3/4 and 21.11/16, respec- Silver advices reportea gively. Speculators as having. bought to a small extent, The market was steady. 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 387.1/8.
Market
Quiet, practically stagnant.
Sterling
On offer at 1/27/8 February/ March, possibly April and buyers at 1/2.29/32 Cash" and 1/2.7/8 May.
Indicated at 24.5/8 "sellers for February and 24.3/4 buyers for Cash, 24.11/16 February and 24 5/8 Arst half March.
Shanghai Dollars Bellers at 332 were quoted at The highest rate the opening. was 334 and at the close at i pm. sellers were again quoted at 331 for Spot, buyers bidding 332. Shanghai Market Sterling, at the opening sellers for Spot were quoted at 4.7/18 and . S. Dollars at 7.11/32 and closed at Noon with sellers at 4.15/32 and 7.13/32.
AFTERNOON MARKET The market was dull" In afternoon.
In Sterling the market closed with sellers at 1/2.7/8 February/ March, possibly April, buyers at 1/220/32 Cash and 1/27/8 May. U.S." Dollars There were sellers at 24.5/3 February, buyers at 24.3/4 Cash 14.11/16 February and 24.5/8 first half March.
Shanghai Dollary Were quoted at 3311/2 at the opening and towards the close there were sellers at 329., buyers at 330.
Shanghai Market Opened with sellers at 4.7/16
Towards for Spot.
close sellers were quoted at 4.31/64 for
Shanghai Exchange
the
Shanghal, Feb, 2 (Reuter).
Omcial T.T. Rates
After ruling steady, the market became dull. NEW YORK COTTON: Trade demand broadened, encouraged by higher foreign cables and more favourable domestic" political news. A good demand for actual cotton was in evidence.
NEW YORK RUBBER: The market WILS quiet but steady. Shipment offerings were larger, but at higher prices. The market
to acts well and apparently would respond well
any Improved demand
CHICAGO WHEAT: Extremely dull. There were heavy snows in the South-West. The market is now awaiting some new incentive. NEW YORK HIDES: Packers are reported to be holding out for steady and higher prices.
NEW YORK STOCKS: 145.23; Change, of 10
NEW YORK
Previous close, 145.33; Today's close,
COMMODITY MARKET (REUTER'S SERVICE)
July (New contract)...10.18 N October December
Total sales yesterday:-53,700 bales. First Notice Day for March Cotton-27/2-Last Notice Day-15/3 NEW YORK RUBBER March May July
Total sales for the day:-1,080 tons.
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 CHICAGO WHEAT
13.77/77 13.70/70 14.08/07 14.01/01
First notice day for March hides:-26/2/40 last trading day: 25/3/40. New York, Official
<
SILVER MARKET
LONDON SILVER
London, Feb. 1 (Reuter). Silver-Little speculative buying. Small offerings. Business small. Market quietly steady. In the afternoon, the market was quietly
Spot, '21-3/4d.
Forward, 21-11/18d. ̈'
NEW YORK SILVER
New York, Feb. 1 (Reuter).
Silver, Official, 34-3/4.
BOMBAY SILVER
34-3/4 3.97-1/8
BROKERS' LOANS
New York, Feb. 1 (Reuter). Loan on securities to brokers in New York:-
Week-ended
Bendix Aviation
Bliss Co.
Borg-Warner
Int. Tel, & Tel
Johns-Manville
J. & Laughlin Steel 57 pfa587*
-bid.
tex, div.
DOW JONES AVERAGE
Low Dow Jones Aroragos
- 150.92 121.41 30 Industriala
35.90 24.14 99 Rails
Feb. 2, 1840. Jan. 31," High Low Close 145.33 145.87 144.73 145.23 30.64 30.51' 30.68 24.71 24.59 24.61
Chauzo
.10 off
Week-endea
"Week-ended Jan 26
Feb, 1 Jan. 25 $881,000,000 $487,000,000 $475,000,000
30.50
27.70, 20.70 90 Utilities
24.50
72.23 84:51 40 Bonds
89.28
65 67 46.59 11 Commodity Index 58.55
,02 up: 09.oft 89.28
.02 off 58.91 31 off -Business-Done --480,000-shares-
INDO-CHINA
London
0/4-1/4
New York,
7-1/16
steady.
Japan
29-7/8
India
23-1/2
Paris
3.12
Hongkong
28-3/8
Sellers
Opening
Closing
Spot
0/4-7/18 0/4-31/64
Feb.
Mar.
U.S. Dollars
Spot
7-11/32 $7-7/18
Tab.
7-9/32
Mar.
7-3/8 7-1/4
Ready Mar. 4 Settlement .. Apr. 3 Settlement.
57-00 56+13.
Operating Services for Cargo and Passengers
57-04
TO
Market: Quiet.
LONDON
0/4-13/32 0/4-29/64
0/4-11/32 0/4-25/64
7-5/32
Merchant Rates
Sterling. 0/4-7/16.
US Dollars, $1-3/8.
Sliver Duty Rate
The Central Bank of China's
rate on London today was 1/2-1/2d,
at 10
am!
The Equalisation rate was 14-3/4 per cent.
New York Exchang
New York; Feb. 1 (Reutar). "Ton London (Opening Rate), 3.99-1/2
Caletta Exchange
Calcutta, Feb, 1,(Reuter), T.T. on Japan, 79-1/4.
Bombay, Feb. 1 (Reuter).
Market-Quiet Offtake 100 bars. TEAM NAVIGATION COMPANY LTD.
Indian Mint Silver
EXCHANGE
-London, · Feb,
(Reuter) ourers" sellers TIN
Standard, Cash 236-1/2 238-3/4 Standard.
3 months 236-1/2 236-3/4 Standard,
Bet'ment Price: 236-1/2 Straits
281-3/4
LONDON GOLD
London, Feb, 1 (Reuter), Bar Gold, Fine per cz,, 188.
SWATOW, SHANGHAL, TBINGTAU," CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, · PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers borth alongside the "Roosevelt Terminal in the French Concession at Shanghai, where passengers
and cargo are lauded.
1.
4
For further particulars.
please apply tốm.
JARDINE MATHESON&Co.,LTD. TELEPHONE KOZILJ GENERAL MANAGERS
Golombo Lyons" Sourabaya
Foochow Manila
Patani
Haiprong Muar Swatow Hamburg (Jobore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao
Peiping Yokohama
ACCOUNTS opened in LOCAL CUBRENOY and FIXED DEPOSITS received for one year or shorter
(Peking)
FORRION EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS. received for One Year or aborter periods in "Local or Other Currencies at rates, which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Starling with interent allowed at rates obtainable" on application.
The Bank's Head Office in London
periods in Local and other Chur-undertakes Executor and Trustee cencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
Atso up to date Sams DEPOSIT terms which may be ascertained at
any of the Agencies and Branches. Boxes in various sizes To LET 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. Hules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager, Hong Kong, 25th Feb., 1939.
OF CHINA AS AN
INTERNATIONAL EXCHANGE
"THE CHASE BANK
35, QUEEN'S ROAD, CENTRÁL
HEAD OFFICE:
18, PINE STREET,
NEW YORK. American Bank offering com plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHABE NATIONAL BANK, New Youx, with Resources of ovet 17.8. $31,900,000,000,
D. M. BIGGAB,
Second Vice Pres
BANK OF EAST ASIA,
Authorised Capital......$10,000,000.00
PAID-UP CAPITAL $40,000,000.00 | Paid-Up Capital 5,598,800.00
(BRANCHES ALL OVER CHINA) Reserve and Undivided
Owing to our numerous Branche: in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI
Hong Kong Branch:
KONGMOON TOISHAN
KINGCHOW ···
THE KWANGTUNG_PROVINCIAL BANK
"(fasorporated"Im~~1⁄2\n#};
.............. 2,883,93201
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:"
Sir Shomson Chow, Chairman
Li Koon Chao, Esq. Li Lan Sang, Eag P. K. Kwok. Esq. Wong Chu Son, Esq. Wong Yan Tong, Eay, Kan Ying Po, g Chan Ching Shuk, Káj, Teng Ping Was Eag
Kan Tong Po, Eaq, Chief Manager. Li Tse Fong, Esq., Manager.
Branches and Agencies:-
Maalis
Sivicom Pentag Bingapore Loudou Hangcea Bourabaya
Baired! Bestow Kelbourne. Bas Trxe-. Sydney Jagaka
loo Tax Naw Tork Beattle VanDORFER Parla
Prizing
Semarang
Shanghai
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 or shorter-
rencies on terms which will be quoted on application."
SAPE DEPOSIT BOXES TO IT.
KAN TONG PO,
Chief Manager.
General Banking Facilities and Vinsorial Agents periods in Loos! and Foreign Cur-
The Provincial Governziert of Kwangiang Head Office-Suwkw-n, Kwangtang Province Hongkong Branch -quvon's itidg., 5 Chater Bd. Cable Addresses –**PROVINCIAL" 2639, 2140.
.... Telephones: 20112, 20113, 20143, 20181, 81881.
BRANCHES THROUGHOUT SOUTH CHINA
ני
- Corruprudenta in New York sod. London Pald Up Capital N$10,000,000. Beserve Capital.................... N510,500,000
AUYANG MANLY
Hongkong" Manager.
What do
you want?
المسد "
If there is anything you want to bay or sell try Classified advertizo- ment in the Hong- kong Delly Prem
words $15.0 prepaid
insertions.
for
THE MERCANTILE BANK OF. INDIA, LIMITED
Head Offco:-15, Gracechurch Street London, E,CA Authorleed Capital .. absorbed Capital... Paid-up Capital Katarvy Fund and Best,"
BANKERS: The Bank of England and Midland
Bank, Ltd. BRANCHES:
1pok
Kuantan
Bangkok Bombay
Oulgatta
Colombo
Kandy
Kawhi
Lota Bharu
Hongkong
'Kuala Lézia
Kuala Trengga Madras
New York
PILDE Rangoon
Shangha
Simia
Howrab Kuala Lumpur Bharspore.....
HONG KONG BRANCH: Every dayiption of Banking and Exchang
| kasinom uraniected. V
Travellers Obequon, Jansted””
TRUSTEE AND EXECUTORSHIP. UNDERTAKEN NUpt STERENE ACCOUNTS (quad – in Lönd Que MORY KAJ 'PTIED DEFOS128 :rionived intocal Currency, STRELING & U. 8, DOLLARS os termi | that may be secursetnad on application.
DBENSON,
North American Co.
211
Amoy
Ipoh
52
Northern Pacific
81
Bangkok
Johore
Penang Rangoon
COLOMBO
(Bhuket)
DELFI
YKDAN
TSINGTAO
141*
Owens-Illinois Glass Co.
021
Batavia
Kobo
Saigon
HAIPHONG
121
Pacific Gas & Elec
34+
Bombay
Kowloon
San
НАМВОКО
NEW YORK PRIPING
YOKOHAMA
30
Pacific Lighting
471
Calcutta
Kuala
Francisco HANKOW
731
Packard Motors
3
Canton Lumpar Shanghai
134
Chefoo
London
231
Paramount Pictures
Singapore
241
Pennsylvania RR.
211
Dairen
Malacca
Sungei
for
Phelps-Dodge
351
191
Phillips Petroleum
33)
Pittsburg Coke & Iron
72
15
Public Service of N.J.
401
56
44"
Pullman Inc. ................
28+
Iloilo
Pure Onl
B
681
Radio Corps, of Am.
54
27+
-CURRENT
Reading Company, Com
151
391
Reading Company, 1st pfd
25+*
81
Remington Arms Co., Inc.
41*
371
79*
Republic Aviation Corp.
51
J
Republic Steel
191
Revere Cop. & Brass Inc. ...
11
B9
Reynold Tobac. "B"
401
461
Richfeld Off
7
11
Safeway Stores
474
314-
Schenley. Distillers
121
71
Sears Roebuck
821
43
Shell Union Oll
101
241
Socony-Vacunum oil
114
167
Southern Pacific.
13
63+
Bouthern Rly.$6 pfd.
301
10
Sperry
45)
204
Spicer Manufacturing Co. 301"
An
20
Standard Brands
191
Stand Gas & Elec.
801
Standard Oll of California
241
1797
Standard Of of N.J....
231
10
Stone & Webster
101
32
Studebaker Com.
10+
354
Swift International
31**
BJ
Technicolor
151
544
Texas Corpn.
421
$1
Texes Gulf Sulphur
341
30
BANK OF CHINA
Timken-Axle .....
218
141
Trans-America Co.
54
19
20th Cent. Fox.
112
Specially Chartered by
52 *
20th Cent. Fox, $13 pt.
241"
THE NATIONAL GOVERNMENT
381
Union Carbide & Carbon
701
LIMITED
524
Union Pacific
94
171
United Aircraft
BANK
481
214
United Airlines Trans
134
17
17 United Corpn.
21
United Corp. $3 cum pf. 401
Profita
84
United Gas Corpn.
11
United Gas Improvement
144
134
U.S.. Industrual Alcohol,
213
231
U.S. Rubber
36
27
US. Rubber $8 'pid.
1101
164
US. Steel
601
་མ
877*
Vanadium
292
54
Walworth Co.
51
591
Warner Bros. Pict.
34
35
Westinghouse Elec,
1081
4
4, QUEEN'S ROAD, C. South China Offices:"
713
Woodward Iron Cor. Chase National Bank National City Bank
CANTON SWATOW SHIUCHOW
-
Ampy
We also handle the issue of Bonds and other Publie Funds of the Chinees Government both at Hour and Abroad.
Bomber
tentia
dankow
denniala
SHOU J. CHEN
Manager.
*Kobe
เง