1939-09-12 — Page 9

1

1'

HONGKONG DAILY PRESS

BANKS

Finance

HONGKONG & SHANGHAI THE CHARTERED BANK OF MONEY AND

RANKING CORPORATION

Authorised Capital........ $50,000,000 Issued & Fully Paid-Up $20,000,000 Beserve Funds:

Sterling

H.K. Currency Reserve $10,000,000 Reserve Liability, of

Proprietors

#20,000,000

11

Head Office:HONG KONG

INDIA, AUSTRALIA AND CHINA Incorporated by Royal Charter, 1853 Paid-Up Capital

EXCHANGE

£3,000,000 CLOSING QUOTATIONS

£3,000,000

£6,500,000 Reserve Fund

Reserve Liability of Pro

£3,000,000 prietors

HEAD OFFICE: LONDON: 38, Bishopagate E.C.2. Sub-Agencies In London; 117/199, Leadenhall Street, E.C.3 West End Branch: 14/16, Cockspur Street, 8.W.1.

Manchester Branch: " 52. Mosley Street, Manchester, 9,

Board of Directors:

A. L Shields, Esq.,

W. H.. Lock, Esq.,

Chairman.

Deputy Chairman.

Ti

Hon. Mr. J. K. Bousfeld,

A. H. Compton, Esq.,

Hon. Mr. S... H. Dodwell,

D. F. Landalo, Esq.,

G. Miskin, Esq.,

K. S. Morrison. Esq.,

Hon. Mr. T. E. Pearce,

H.-V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

Chief Manager.

...... SEPTEMBER in London:-

Telegraphic Transfer. 1 13/18 Bank Bilis, on demand1/2 13/18 Credits months' sight 1/3 3/8 On Shanghai:

11, 1939

» On demand On Singapore:-

340..

On demand ".

2 1/2

On Japan!

On demand

On India:-

PENANG

AGENCIES AND BRANCHES:

HARRIN HONG KONG KANGOON ILCILO IPON

ALOR STAR AMBITBAR

BANGKOK

BATAVIA

BOMBAY

CALOUTTA

KARACH{" FLANG

ADENCIES: KOBL

CHER STINT Patalia Place

CANTON

KUALA

LUMPLA IUCHING

MADBAR

Branches:

CAWNPORS

BU

Amoy

Ipoh

Bangkok

Johore

Batavia

Kobe

Kowloon Kuala

Penang Rangoon Saigon San

COLOMBO

MANILA

DELHI

MIDAN

RAIPHONG

HAMBURG

Francisco

Lumpur

Shanghai

London

Singapore

Colorabe

Lyons

Sourahaya

Sungei

Bombay Calcutta

Canton Chefoo

Dairen Mnlacen Foochow Manila

Patani

Haiphong Muar Swntow Hamburg (Johore). Tientsin

Bankow Mukden Tokyo

Harbin New York Tsingtao

Yokohama Hongkew Peiping Iloilo

HANKOW

NEW YORK PRIPING

(Peking)

SAIGON

JEREMBAN

SEPANGBAL SINGAPORE SITIAWAN BOURABAYA TAIPING

TIENTS IN TONGKAR

(Bhuket) TSINGTAO YOKOHAMA

FOREIGN EXCHANGE 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 is Local Currency and Sterling with interest allowed at rates obtainable on application,

CURRENT ACCOUNTS opened in LOCAL CURRENCY and Fixer Deposits The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur-business, and claims recovery of rencies on terms which will be British Income Tax overpaid, on quoted on application.

terms which may be ascertained at Also up to date SAFE DEPOSIT any of the Agencies and Branches. Boxes in various sizes To LET

R. A. CAMIDGE,

Hong Kong, 5th June, 1909.

HONGKONG SAVINGS

BANK

The Business of the above Bank

is conducted by the HONGKONG

11

Telegraphic Transfer.

and demand

On New York:-

LAR

FINANCE

%

and Commerce

BUILDING BOOM IN

"

KANDY

น

Considerable building activity is of land between the Railway and in progress, in Kandy, especially in the Peradeniya Road and adjoming the land adjaking the University the Farm, School, to a syndicate

the members of which pro Site.

to build bungalows the site. This land,

TUESDAY, SEPTEMBER 12, 1939. —PAGE 9

PAYNE & CO

44

COMMODITY BROKERS STOCK EXCHANGE · ·BUILDING

HONGKONG-

COMMODITY · MARKET

(FROM PAYNE & CO.)

SINGAPORE RUBBER

Sept. 1.

REVIEW

New York, Sept.

Even before the final decision pose was reached for the acquisition of on the New Peradeniya Estate for the tou, is bounded on the east by the University there was a demand for University Site." that portion of the estate lying "For the purpose of access to the Bite from Peradeniya Road, the within the Municipal mits.

One block of this area had Government is likely to acquire a earlier been purchased by the bit of unbufit land not far away. 3 1/2 Municipal Council for the Apart from what is · already

Sept. 2 headworks of the Mahaveligangn taking place, there is also build- Water Scheme.

Irig activity in progress in Kandy

buyers sellers

buyers sellers change Since the completion of the town. Across the River from the SPOT

34-1/2 34-3/4 36 36-1/4 Up 1-1/2 Gardens, the New negotiations for the acquisition of Botanical

OCT/DEC.

31-1/2 31-3/4 34 34-1/4 Up 2-1/2 the Estate for the University, the Farm School and hostels for stu-

29-3/4 JAN./MARCH

-29-1/2-

32-3/4, 33. Op 3-1/4 | owners of the Estate have dents are fast coming up and with

The Singapore market was steady" after being irregular, transfer of the school, its parcelled out the remaining land the and buildings are coming up. In present site will see the Veterinary time there will be a row of build- Laboratories taking its place. ings facing Galaha Road, on the strip of land between the road and the river.

Bank Bills, on demand 24 3/4 Credits, 60 days' sight 26 1/8

On Batavia:-

On demand

On 'Paris:-

..

24

....... 45 1/2

Bank Bills, on demand 1-80 Credits 4 months' sight 1140 Un Saigon ----

On demand

1-0 3/4

Un Manila-

On demand On Bangkok.—

40 1/2

150 1/4

On demand Sterling Notes:-

Bank Buying Rate Bar Silver per o

Market Reporï

FROM ROZA BROS.

ACCESS TO THE SITE The latest transaction is the sale of an area of about six acres

In town most building in the business area takes the form of

of the ulteration

facades to SPOT modern styles. A few houses are OCT,/DEC. also in the course. of construction | JAN. /MARCH in the outer reaches of the town....

.

131/4

NEW YORK STOCK

EXCHANGE

21 5/26

STOCKS

Silver prices were quoted this Adams Express morning at 21.5/18 for both del- Alleghany Steel Co. veries. American Silver was quot-Allied Stores

Allis Chalmers ed at 36.3/4 for Spot.

Aluminium Ltd The London-New York cross-Amerada. Corps. rate was quoted at 402 sellers and Amer. Gan buyers. New York/London was American Oyanamid B. quoted at 405.3/8.

Manager.

Quiet.

THE CHASE BANK

& SHANGHAI BANKING COR 15, QUEEN'S ROAD, CENTRAL

PORATION. Rules may be obtain-

ed on application.

For the EONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN, -

Chief Manager.

Hong Kong, 25th Feb., 1938.

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$10,000,000.00 Paid-Up Capital Reserve and Undivided

Prosta

5,598,600.00

2,883,932.01

Head Offee-HONG KONG" No. 10 Des Voeur Road, Central.

Board of Directors:

Sir Bhouson Chow, Chairman

Là Koun Chun, Esq. Li Lan Sang, Esq.. P. K. Kwok, Esq. Wong Chu Son, Esq. Wang Yua Tong, Ean. Kan Ying Po, Esq. Chan Ching Shot, Esq. Fung Plug Wah Eng. Kan Tong Po, Esq., Chial Manager: Li The Fong, Esq., Mazagar,

Amo:

Hataria

Bombay

Chietia

Halphone Bankow Honelald Kabe

Branches and Agencies :--

Kowloon PRIADZ Singapore

Langoon Soxrabaya London

Balyoz Eston

Melbourne Nagranica ** New York .. Peping

San Fran- Sydnay

also Tintin

Seattin Vancouver

Bemarang Shaphai

Every description of Banking and Exchange business transacted. Loans granted on approved securities.

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

This Bank is entirely owned by BANK, THE CHASE NATIONAL New York, with Resources aver U.S. $2,500,000,000..

D. M. BIGGAR.

Second Fio. Pr

Chinese Are

Hereditary Miners

Market

Sterling

A small business was done at 1/3 for near. The market closed Amer. Rolling M

Amer. S'ting and Ring Co. with sellers at 1/231/32 Septem Amer. Sugar Ring ber/October and 1/215/16 Novem- ber/December, buyers at 1/3 1/32 Amer. Tel. & Tel for cash, 1/3 September, 1/2.31/32 Amer. Tobacco "E"

Apter. Waterworks November and 1/2.15/16 January.

G.S. Dollar

Business was

+1

Anaconda, Copper

Atchison, T. & 3. Fe done, at 26.7/16 Auburn Motors ... for cash, 25.378 September and Baltimore & Ohio" 23.3/4 October. There were sellers Barber Asphalt Co at 251/8 September, buyers at Barnsdall ON

25.3/8 September ́and Cash.

Shanghai Dollars.

· Nominal.'

25.7/16 Bendix Aviation

QUOTATION

SEPT. 10, 1939

STOCKS

Shanghai Market, Opened with sellers at and subsequently Towards lunch time buyers, were Case, J.L ........ quoted at 4.1/32 for Spot.

Brooklyn-M'hattan Trans.

Afternoon Market

Qulet.

4d. Canadian Pacific Rway,

Celanese

Chesapeake & Ohio

Chrysler Corpn.

Colts Patent Fire-Arms

Sterling The market closed with sellers Commonwealth & 8. (ord.)

LONDON RUBBER

Previous close To-day's close

buyers sellers buyers seller's 9-1/2 9-3/4

9-5/8 9-3/4 closed 9-3/4 10

COTTON

change

The market to-day was weak an spot-house and foreign selling coupled with decreased buying and liquidation, following on yester- day's large Government estimate of the growing crop.

RUBBER

13

The market opened strong on speculative and general buying. which was mainly due to doubts as to the securing of supplies as hostilities proceed. At the higher levels, there was some proft- taking and prices partially reacted towards the close.

Prices went lower en prot-taking and liquidation and in sympathy with weak advices from Winnipeg and Liverpool, The large world supply situation and the possibilty of price-control

additional depressing factors,

WHEAT

NEW YORK STOCKS

Previous close

To-day's

150.04.

close Change 150.01 Up. 81

Effective immediately on all Chicago Wheat contracts Margin requirements have been raised to U.S. $906,00.

New York, September 7.

(By Courtesy of Messrs, Swan, Culbertson & Fritz and $: E. Levy & Company)

High

Prev. To-day's Low Close Close Change

+9.29 9.00 9.38 9.02 .36, of 21.05 20.30 19.05 20,95 1.90 up

BIL

82" 851

824 24 0x

671

651

581

561

21 of

781

16

78

75 33 off

13.95

13.55.13.73

13,78 .09 up

NEW YORK LOTTON.

Close Opening.. Closing

Last Sale

Sept. 9

Last Sale

101

Sept. 9

241

Int. Tel & Tel. .......

5

81

Johns Manville

67

43

J. & Laughlin Steel $7 pfd.

671

1124

Kennecott Copper

441

721

Lakey Foundry & Mac.

4

100

Libbey-Owens-Ford

Glass

47%

35

Lockheed Aircraft

277-

Amer. & Foreign Power ...

24

Loew's Inc.

33.

were

Ameri & Foreign $7 pt..

24

Manhattan Shirt Co.

Américan Gas & Elec..... Amer.. Locomotive

32

[Martín, Glen L

35)

234

McKesson, Robbins

182*

Amer. Metals Co. ..... ́*** Amer. Radiator.........

31

Monsanto Chemical

113

01

[Montgomery Ward

52+

201

National Cash Register Co. 161

New York Stocks

591

Nat, Dairy Products

16

30

Nat. Distillers

23

1634

National Gypsum

9

80

National Load

233

11

Nat Power & Light

84

37

National Steel Corp.

792

:

20

Nat. Supply Corpn.

11t

37

New York Central

18

63.

Niagara Hudson Power

61

N. Y. Commodity Market

134

N. American Aviation

19

181

North American Co. ......

21

284

Northern Pacific

11

Bethlehem Steel

881

Owens-Hlincia Glass Co.

59)

BILss & Co.

161

Pacific Gas & Elec.

294

Boeing Airplane Co.

25

Pacific Lighting .....

45

Borg-Warner

25

Packard Motors

Biggs M'facturing

22+

Paramount Pictures

01

101

Pennsylvanta R.R.

22

3.15/10 B'klyn-M'hattan $6 cum pf.

381

Phelps-Dodge

454

в

Phillipa Petroleum

гобе to

447

821

Public Service of NJ.

381

26

Pullman Inc.

31

New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept.

371

Pure Oll.

104

Chicago Corn, Sept.

841

Radio Corpn. of Am

51

Winnipeg Wheat, Det.

891

Reading Company, Com

153

New York Hides, Sept.

Columbla Gas & E.

7

Reading Company, 1st pfd

23 *

Columbia 8% "A" pr.. Commersial

* 80

Remington Arms Co., Inc.

51*

4223

Repubile Steel

257

11

Reynold Tobac. “B”

36

Change

Richfield Of

81

October

9.37/38

9.12/10 9,09/02

.36 off

231

Bateway Stores

391

December

8.30/31

9.05/02

8.95/07

.34 off

9

Schenley Distillers

12

January

9.27 N

8.92/93

8.89/89

138 of

48

[Schenley, 61% pfd.

61

March

9.17/21

8.30/88

8.86/87

34 off

30

Sears Roebuck

781

May

9.01/01

8.72/73

$.71/72

Com Products ........ Curtiss Wright (C.) 25.1/8, Curtiss Wright "A"" Deere & Co.

65+

Seversky Aircraft

31

July

8.91/91

8.63/62

8.60/63

.28 off

.

Shell Union Ou

37

Spot.

9.82 N

9.35 'N

47 off

24

Socony-Vacuuri Of

147

228

Southern Pacific ...

151

NEW YORK RUBBER'

Distillers Corpn. Beagrams

141

Southern Rly $5 pid.

251

Douglas Aircraft ...

73

Byerry

461

Du Pont de Nemours

185

Standard Brands

61

September December

19.95b/20.05% 19.05/05

22.00 N

1.95 up

21.00/05

20.95/95

1.90 up

134

Stand Gas & Eler.

31

March

18.71/75 20.70/59

20.13/20

1,45 up

26.

Standard Oil of California

201

May

13.35/85

20.31/51

20.18.N

∙131 p

357

Standard Oil of NJ.

49,

Bréc. Bond & Share

81

Stone & Webster.......

107.

Elec. Bond & Share 15 pt.

56

Swift International

361

CHICAGO WHEAT

Elec. Bond & Share $8 pl.

65

Technicolor ...

101

Elec. Power & Light $7 pí.

308

Texas Corpo.

482

September

851/85

327/8270

Flintkote

171

Texes. Oulf Sulphur

·352

December

85/85)

Food Machinery Corp.

34 *

Trans-America Co.

-51

May

-86/86)

841/84 844/841

821/824 831/831

21

Gen. American Trans. Gen. Electric

55

20th Cent. Fox.

12#

20th Cent. Fox," $1i pí.

192

Friday's sales

734,000 bushels.

531

Onion Carbide & Carbon

Gen Railway Signal

201

Union Pacific

100

CHICAGO COEN

General Tire & Rubber Co 217

United Aircraft

43.

Glidden Countingèl

181

United Airlines Trans.

102

Beptember

56/500

December

567/58

221

United Corpn. (..............

3

Goodrich $5. pl.

6831

United Corpn.. #3 cum. pf,

331

May

.59/501

Goodyear Tire & Co.

201

United Gas Corpn.

Great Northern Iron Ore,..

101

United Gas··Improvement · 135

Great Northern Rly, pfd.

288

US. Rubber

45

Great Western - Bugar

361

UB. Rubber $8 prd.

104

Greyhound Corpn.

152 US Steel

October December May

Hecker Products

124 Y

Vanadium

348

91320

Warner Bros. Pict.

Homestake Mining Industrial Rayon? Intactational Harvester Int. Nickel

551

Westinghouse, Elec.

1137

261

Woodward Iron Cor,

254

December

85

461

Chase National Bank National City Bank

33*

July

11.25/25 11240/40 11.326/38a ungabted NY Ailver, Oficial 36-3/4

·NY-London Cross Rate 4.05-5/8

11.12/13 11.20/20 unquoted 4.05-3/8

13 ou 18 of

DÓW JONES AVERAGH

NEW YORK HIDES

Bept. 10, 1939,

13.80/73

15483 181.44 30 Industrials

1400/05

unquoted unquoted

13.78/78

14:12/12

34.33 24.74 ORAIN?

37,074 30.71-0 Utfifties

st 1/2.31/32 September/October | C'wealth & S. 8% cum pt. "64 "In many cases, the Chinese are and 1/2.15/16 November, probably Consolidated Edison hereditary miners, and in their December, buyers at 1/3.1/32 for Consolidated Oil...... own way, they need no instruc- Cash, 1/3 Beptember, 1/231/32 Continental Can tion." states Sir Lewis Leigh Fer-November and 1/215/16 January. Continental Onl mor in his report on mining con-". ditions in Malaya.

'r.

Chinese

are

Nominal.

U.S. Dollars

There were sellers at "But I am not in the least buyers at 25.7/16 for cash, satisfied," he added, "that the

Shanghai Dollars Current Accounts opened in Local general methods of mining Currency and Fixed Deposit re- conducted by the ceived for one year or shorter leading to periods in Local and Foreign Cur or recovery of tin as might be ex- tencies on terms which.."will be

pected, A certain educationalTM quoted on application.

standard .for the towkays or for Epot. SAFE DEPOSIT BOXES TO IT.

managers might produce a du- j KAN TONG PO,

as high a percentage

Chief Manager.ferent result."

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

"Sir Lewis suggests thai an evening class be instituted at Ipoh and Kuala Lumpur to educate miners. These classes are to be conducted by selected members of the Mines Depart- ment, who would receive for their labours a duty allowance, dependent upon the amount of time consumed, ranging per.... haps from $50 to $100 per month."

It would be in the first instance

in China and connections in the for the Chief Inspector, of Mines. principal Commercial Centres of the World, we are able to extend to determine the constitution of

to our Clients special facilities for the syllabus for such instruction

Domestic and Foreign Banking and end the type of person whom

Exchange.

Head Office:-SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, O. South China Offices:

CANTON SWATOW SHIUCHOW

KONGMOON TOISHANDA KINGCHOWE We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and "Abroad.

BHOU J. CHEN,

wished to encourage to attend...

The ultimate aim would be to stuuble the Chief Inspectör öf

Eagle Picher Lead Shangha, Market

Eaton Mfg Co. Business was reported at 4.1/32 Elec. Autolite ·

Shanghai Exchange

Spot Sept

Spot

Sterling

Sellers

0/3-31/32 0/3-31/32 .0/3-31/32 0/3-31/32

U.S. Dollars

$6-11/16 $6-11/16'

6-5/8 Sept.... 6-5/8 Market: Slightly easier.

Merchant Bate

Sterling, 0/3-29/32

US Dollars, $6~9/16.

Gen. MotorS

Goodrich (B.F.)'

GOVERNMENT BONDS Hercules Powder Co

DRAWN

| Mines" to, institute, some simple. CHUNGKING Sept 111 (Cen-i examination for the subordinate tral)-A Shanghai report "states: responsible persons in the mining that Government bonds aîount- industry of Malaya.

ing to $5,420,000 were drawn Shanghal on September 9,

The bonds drawn included $1,- TO-DAY'S SILVER DUTY, RATE

A The Central Bank of China's rate 500,000 of Consolidation Loan on London at 10 am, to-day was $1,080,000 of 17th Year Long-term Currency Loan, $400,000 of Tele- 1/2-1/20

£2,400,000 | Kwang- The Equalleation rate was 12-1/4 graph; Loan,

tung Conservancy Loan, fosager percent

1939

40

High Low Dow Jones Average, Sept. 8 High Low Close Change

92.33 86.5140 Bonds

150.04

80.40

TABS:

67.89

800 45.59 11 Commodity Index 69 65-

Total sales for the day:-2010' toms.

December 131.96, 150.09 150.91 87 up March

30.03 20.40 30,51711 ̧up 23.90-23.59 23,6817 off

87.8907

68.48 1.19 of

Business Done -1,560,000 shares

591/50

588/58157/561

802/601

WINNIPEG WHEAT

701/781 774 b.

797 b

751/751 761/76) 80 B

798/701 831/834

NEW YORK COPPER FUTURES

NEW YORK STRAITS TIN

61.75 D

8.50 b

56.50 b

#

お

999

AGA