1939-09-16 — Page 9

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED RANK OF

BANKING CORPORATION

Authorised Capital. ... $50,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858

Reserve Funds:

Sterling

$20,000,000

$3,000,000

£3,000,000

1

Paid-Up Capital £4,500,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-

£3,000,000 prietors Reserve Liability of

Proprietors

HEAD OFFICE: LONDON: 38, Bishopsgate E.0.9. Sub-Agencies In London: 117/199, Leadenhall Street, E.C.3. West End Branch:

Head Office:-HONG KONG

Board of Directors: A. L Shield, Esq.,

W. H. Lock, Eng.

Chairman.

Deputy Chairman.

Hon. Mr. J. K. Bousfold,

A. H. Compton, Esq.,

Hou. Mr. S. H. Dodwell,

D. F. Landale, Esq.

G. Miskin, Esq...

K. S. Morrison, Esq.,

Hon. Mr. T. E. Pearce,

H. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

Batavia Kobe

14/16, Cockspur Street, S.W.1. Manchester Branch:

52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

HARBIN BONG KONG ILOILO. IPOTI KABACRI

CLICK STREET TUALA

CAWNPORE CEBU.

H. K. STOCK

EXCHANGE

The market opened with a mo- derate enquiry and in course this became well spread over the whole range and, as at first supplies were limited, prices showed an all round improvement. General trading re-

BUSINESS DONE DURING THE WEEK

FINANCE

NEW LOW MARK

FOR STERLING®

Foreign Exchange Disorganized

NEW YORK, Sept. 15 (Reuter)

disorganised AS Sterling | sulted in a moderately large turn--The Foreign Exchange Market

over, Docks Trams and Lands being was the leaders. At the close the pace struck a new low mark, with very heavy general selling here and has slackened together with slight recession in price levels, but abroad, while the British Equalisa- there are indications bargain hun-tion Fund continued. Indifferent.

There was a straight downward' ters are in the oftus.

noon, movement, until around.

Was when the day's lowest 3.77 witnessed; then it steadily re- to sentiment covered," however, and remained most confused.

FRANC ALSO DROPS Scandinavians changed, little, L divorce from the indicating sterling. The franc dropped more however, traders wert sharply; not surprised since the franc is tled to sterling rather than to the dollar.

FK. Banks, $1225, H.K. Fire Ina,, $185.

Docks. $16, $161, $16), $19 $19). Providents. $4.80. .. Hotels, $4.55. $4.65 $5.30.. Lands, $30

$32)

$304. $31.15; $32,

Realtles. $33.4. $4.10, $4.30 $43, Tramways, $18.10, $16.15, $16.30,

$164, $16.

Another feature Was the re- appearance of the German bene-

Electrics. $49, $50. $401, $50, $50, volent mark, which had not been

$311 $52. $52.20.

Telephones (0), $21}, $22," Cements, $12.60, $13, $143 " Dairy Farms (O), cum-div. $20.20,

$201.

ALOR STAN AMRITSAR

BANGLOX

PENANG BANGOON BAIGON

BATAVIA

SEREMBAN

BOMBAY

SHANGHAI

CALCUTTA

KLANG

SINGAPORE

AGENCIES: KON

AITIAWAN

Star Ferries, $59, $61. China Lights (0), $7.85, $8.10. China Lights (N), 55).

7

BOURABAYA

Chief Manager.

FAIRLIL PLACK

CANTON

LUMPUR

TAIPINO.

KUCHING

TIENTSIN

Branches:

MADRAS...

TONGKAH

Anidy

Ipoh

Bangkok

Johore

Penang Rangoon

COLOMBO DELFI

MANILA

(Bhuket)

Saigon

HAIPHONO

MEDAN NEW YORK

TSINGTAO YOKOHAMA

Bombay

Kowloon

San

HAMBURO

PRIPING

Calcutta Kuala

Francisco HANKOW

(Peking)

Canton

1

Chefoo

London..

Colombo

Lyons

Sourabaya

Dairen

Malacon

Sungei

Foochow

Manila

Patani

Haiphong Muar

Swatow

Tientsin

Hackow

Mukden

Tokyo

Harbin

Hongke Iloilo

New York Peiping.

Lumpur Shanghai

Hamburg (Johore)

Singapore FORSION EXCHANGE and General

Banking Business transacted.

Tsingtao Yokoham &

די

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 in Local Currency and Sterling with interest allowed at rates obtainable on application.

CURRENT ACCOUNTI opened in LOCAL CURRENCY and FIXED DEPOSITE 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 terms which will be British Income Tax overpaid, on quoted on application.

terns which may be ascertained at

on

Also up to date SAR DEPOSIT any of the Agencies and Branches. BOXES in various sizes To LET

R. A. CAMIDGE,

Hong Kong, 3 June 1900.

HONGKONG SAVINGS

BANK

The Business of the above Bank 16, QUEEN'S ROAD, CENTRAL

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., 1838.

BANK OF EAST ASIA,

LIMITED

Authorised Capital.....$10,000,000.00

Paid-Up Capital

Beserve and Undivided

Profits ...

5,598,600.00

2,883,932.01

Head Office-HONG KONG

No. 10 Des Voeux Road, Central,

Board of Directors:

Sir Shouson Chow, Chairman

Li Koon Chun. Eaqu Li Lan Sang, Em

P. K. Kwok, Esq.

Wong Tan Tong, Esq.

"

HEAD OFFICE:

18, PINE STEKET,

NEW TORK. An American Bank offering com- plete Foreign Banking Bervice. in the principal Markets of the world.

Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THE CHABE NATIONAL BANK Nrw Youx, with Resources of ayer U.6.$2,900,000,000. «

D. M. BIGGAR,

Second Vice Pres

THE MERCANTILE BANK OF INDIA, LIMITED

Head cmco:15, Gracechurch Street, London, E.0.3

Wong Chu Sox, E-Auldorised Capital Kan Ying Po, Esq. Subscribed Capital

Chan Ching Shick, Esq. Fang Ping Wah Esqld-up Capital

Kan Toog Po, Esq., Chief Mansgar.

Li Tau Foog, Eaq, Manager.

21

Brancher and Agencies ----

Amo

Batavia

Bombay Unioutia Haiphook.

Bankow

Bondlala

Kobe

.

Kowloon PAZZESE Blugapore London

Fogoon Sourabaya Kanda Saigon Swalow Melbourne Ban Fran Sydney Nagsaka

ciano Tiantaiata Seatin Vancouver

New York Parix

Pelping

Semarang

Shangha

Reserve Fund and Rost,

BANKERS:

Dalry Farms (0), ex. div. $20.

$203.

Watsons, $8.60. Entertainments, $8.60."

"BUYERS

HK. Bank, $1270. Union Ins., $365. Providents, $43.-- H.K. Hotels, $43. H.K. Ropes. $4.

SELLERS H.K. Bank... $12.70. Union Ins., $400, Providents, $4.45. HK. Hotels, $5. Cements, $14).

quoted since Sept."2 with to-day's rate unchanged.

it.

Was

Traders said to-day that there completely a sellers' market, thus actual dealing was very small.

DOLLAR DEMANDS The Foreign Exchange Com- mittee announced that any Ameri- for dollar will be Fan demand satisfied in London at the rate of 4.02, if such demand is connected with liquidation of American own- ed pre-war sterling balances current trade transaction with the British Empire ---

Watsons, $8.60.

SALES

H.K. Docks. $181. H.K. Mines, 6icts.

HONGKONG SHARE QUOTATIONS

$350

! !

1 - 1

$11

о

SHAREBKOKKES- ASSOCIATION

$200 Canton Insurances

Union InsurADOM

Underwriters

#188 H.K. Fires

가

Shipping

367 Dougis nasprotse

Steamboata

Indo-Chinas

$12

$60

$30

90/7

Bhells

$90

$4.45

$191/119...

(Prot.)

#4

Indo-China (Def.)...

$8.10 Waterboste

Docks, Wharvės.

Godowns, etc.

H.K. & K Wharves $100

Pravidenta

Providente (ZMW)

HK & W. Dock...

"Do. (new)

3110 Shanghal Docks 8. $71

New Engineering 8. Mining

Kxilsos...

Bagba

Venezuela Gold Fids

Hong Kong Hip ... Lands, Hotels and

Buildings

H.K. Hotels

23,000,000

£1,400,000

£1,050,000

£1,22,7:0

$8.70

401

2 ta

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Kuantan

Bangkok Bombay

ipoh, Jaffna

Kuala Trengg

Madma

Calcutta Calotuta

New York"

Kandy

Pearng

Dethl Galle

Karachi

HASgOOD

Kota Bharu

Shangla

Hoogkong

Kuala Lipis

Simis

Howrah

Kuala Lumpur

Singapore

HONG KONG BRANCH:

! !

41

SATURDAY, SEPTEMBER 16, 1939. —PAGE 9

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE Undaraigned have received

matructions by liquidators

New York, September 14:

to sell by

PUBLIC AUCTION

SINGAPORE RUBBER

Sept. 13 buyers sellers

SPOT

Sellers

change

38-1/2

OCT./DEC.

37-1/4

JAN./MARCH

35-1/2

In the morning the market was quiet.

Sept buyers

37 .35-1/2

34

On 1-1/2 TUESDAY, the 19th SEPTEMBRE,

1939 Of 1-3/4

"Commencing at 10.30 a.m.

ON 1-1/3

Late in the afternoon Spot staged a sharp advance buyers bid- ding 38-3/4 without attracting sellers.

LONDON RUBBER SPOT OCT./DEC. JAN./MARCH

Singapore quarters remain very bullish

Previous close To-day's close buyers sellers buyers sellers 10

9-3/4 10+1/4

10 10-1/4 10-3/8 9-7/8 10-1/8 10-1/2 10-3/8 10-1/8 10-3/8

change Off 1/4 of 3/8 Off 3/8

{

Market irregular. COTTON: October was the only option showing advances on some Trade buying, while other positions reacted under Southern hedge-selling combined with lower advices from Liverpool...

RUBBER: Prices opened lower on discouraging advices from foreign sources and on the weakness of the Sterling exchange, but the market thereafter reacted on the recovery on Sterling and on some buying by the Trade,

WHEAT: The market to-day was strong and prices moved up- ward on foreign buying and on good, all-around support, following a statement by the Secretary of Agriculture that the Government

• would approve an advance to the party level.

NEW YORK STOCKS: Previous close 154.10; To-day's close 153.71: Change, Off 39

NEW YORK COMMODITY MARKET

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

Prey. To-day's High Low Close Close Change

9.36 9.15 9.15 9.34 .19 up 20.80 20.00 20.90 20.30 .10 of

85 B&

87 1 up 573 ST+

1571

up 21 up

New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. Winnipeg Wheat, Oct. New York Hides, Sept. NEW YORK COTTON

October

Close

*9.15/15

88

58+

791 751 751 781

Total sales for the day:-3,460 tons.

unch.

At No. 377, The Peak.

A QUANTITY OF VALUABLE HOUSEKOLD FURNITUEN

Commising:--

Chesterfeld Couches and Chairs, Teak Dining Table, Sideboard, Dining Chairs, Teak Book cases,

Cutlery. Suverware, Omaments, Glass Ware, Crockery, Porcelain". ware, Table Lamps, Electric Fit- tings and Linen.

Brass, Iron and Teak Bedsteads, Teak Wardrobes, Chest of Drawers, Card Tables, Desk, Sewing Ma- Books, Heater, chine.. Electric Cooking Stove and Kitchen Utensils.

also

1 Cine Projector. Volt Meter and

3 Cine Screer's

G. E. Refrigerator

and

1 Phillips Radio (new)

6 Tientsin Carpets

On VISW from SUNDAY, the 17th SEPTEMBER, 1938.

Terms: Cash on Delivery.

LAMMERT BROS.

· AUCTIONEERS.

03 of PUBLIC AUCTION.

.11 of

狂莊莊

851/851

*****

801/201

1

UP

86/861

87/887

11 up

812/874

884/884

up

'',

• 854/85# 862/881 Wednesday's sales:-28,049,000 bushels,

NY-London Cross Rate 4.00-1/8

F

៩ដ

99€

THE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

CN

WEDNESDAY, the 20th SEPTEM-

...BER, 1938.

Commencing at 10.30 a.m.-

יד

"At No. 28, Conduit Road.

HOUSEHOLD FURNITURE

and

.19 off 14 of

One Blue Spot Radio

On VIEW from TUESDAY, the 19th, SEPTEMBER, 1939.

Catalogues will be issued.

4

Terms: Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS.

Manager.

STOCK EXCHANGE

Buyer Sellers

Bales

Nominal

FRIDAY 15. SEPT.

Buyers Ballare Badas, Momina

14.58 14.15 14.43 14.58

15 up

THE CHASE BANK

Opening

Closing

Change

Banku

1295

H.K. Bank

9.18/17

9,30/34

.18 up

$1925

271

Do. (Col. Beg.)

£71

December

9.04/06

9.04/04

9.04/06

£71

Do. (Lon. Eng.)

"£71

January

9.01 N

9.01/01

8.95. N

.03 off

Chartered Banks (one

224

Korchatile Bks. “A”

26)

March

8.93/93

8.94/93

8.89/90

Mercantils Bk. "0"

May

8.76/77

8.76/77

8.66/66

£12

£13

$79

Bank of East Azis ....

July

8.66/66

8.64/65

8.53/54

.12 off

IN. C. & A. Banks

Insurances

€172

Spot

9.45 N

9.36' N

09 DIT

150 c£8,

NEW YORK RUBBER

$200

#1+

September

20.00b/45a

22,15b/40

.D5 "off

$845

December

20.90/80

$165

March

19.48b/55a

20.50/50 19,25/15

20.80/80

.10 of

19.45/49

.01 off

May

19.35b/400

19.25 A

19.32 N

.08 off

367

$15

$50

CHICAGO WHEAT

820

September

90/

December

$8

May

CHICAGO CORN

$4.80

September

577/572

581/581

up

$191/ 18.00

December

574/577

574/571

57/573

up

May

801/807

601/601 801/601

1

up

A QUANTITY OF VALUABLE

$108

$8.30

WINNIPEG WHEAT

October

75#/751.

18/2

December

773/778

758/761 777/781

781/781

23

up

701/80

24

up

$3.60

May

811/01/

844/841

24 up

34

NEW YORK COPPER FUTURES

December

11.30b/34a

July

11.41b/424

11.30/30 11:35b/45a

$5.10

$6.10 $327

NY Silver, Official

... 38-3/8

par

H.K. Lande ........... Do. 4% Debentarna

$391

11,15/15 11.25b/28a unreceived. 1.93

$100

17.86 Shanghai Lands

S.

NEW YORK HIDES

H.K. Realties

34.40

841.

December

871

Humphrey "......................

$7.90

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

Current Accounts opened in Local Currency and Fixed Deposits re-

Every description of Banking and Exchange Euxine transacted.

Travellers Cheques Insued, TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

ceived for one year or shorter" CURRENT ACCOUNTS opened in Local Cur periods in Local and Foreign Curry and FIXED DEPOSITS resized in Local terms which will be Carney, STERLING & US, DOLLARB on term rencies

that may be secretained on application. quoted on application...

SAFE DEPOSIT BOXES TO IT."

03

KAN TONG PO,

..Chief Manager.

BANK OF CHINA

|HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Traiznateä

$16.80 Ewo (k) memes

$120 8ha Cottons (8) $41 Zoong Bings (83)

$481 Wing On Textiles (B.)

Public Utilities

$161/18 Tramways

ma

$7.40 | Fosk Trams (old) ... $3.70 Peak Trama (new) ... 281 18tar Ferries

I'mati Farris

Do. (Dew) Chins Lights (0) China Lights New)

$22

#3.10

$62,20

$18

Macko Elmeseion

$11

Sandakan Lights ......

Chins Lights His.

H.K. Electrics ........

$98

Chinese Extates .................

Cotton Mills

March

14.15/20 34.40/43 14.80/83 14.65/85

14.57/58 14.97 N

15 up

כט 14

$18

NEW YORK STRAITS TIN December

unreceived unquoted

55.00b/57.00a

$110 340

460

$161/16

D. BENSON,

MAGAZET

$7.40 $3.70

$60

$82

014)

KIRIN

The

B

E

E

Choice of

The Multitude.

Sole Agents:

H. HONDA &

20790.

R

CO.

40, Johnston Road. Hong Kong

PUBLIC

AUCTION.

THE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

WEDNESDAY, the 20th SEI

BER, 1938.

Commencing at 5.15 păm.

At their Sales

Connaught

Central,

(Room No. No. 2,

2nd Floor).

A VALUABLE COLLECTION

POSTAGE STAMPS

On VIEW from TUESDAY, the 19th SEPTEMBER, 1999.

LAMMERT BROS.

Specially Chartered by

THE NATIONAL GOVERNMENT

OF CHINA AS AN

INTERNATIONAL EXCHANGE

BANK

4 la

Friday, Sept. 15, 1939.

HK, Banks Watson

2 $1,260.00

500

'8,80

73

51,00

4.35

4.00

PAID-UP CAPITAL $40,000,000.00 HK. Electrics

(BRANCHES ALL OVER CHINA) China Providents. 250 Owing to our numerous Branches HR. Rupes.......

in China and connectione in the H.K. Mines

principal Commercial Centres of

the World, we are able to extand to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office:-SHANGHAI

Hong Kong Branch: !

4, QUEEN'S ROAD, C." South China Offices:

CANTON SWATOW SHIUCHOW

KONGMOON TOISHAN

KINGCHOW

100

10,000 1000 0.06 PHILIPPINE GOLD MINING QUOTATIONS

Friday, Sept. 15. Atoky 18s..

15/ Antamoks Baguio Gold 138., Benguet Consol, 9.40s. Batong Buhay, 0018., Big

Wedge 1735., Coco Grove 138., Consol, Mines 0058. Demonstra- Elons: 065, I X. L. 338, Ipo. Gold 10s. Ibgons Mining 1618; Maa bates. Consol. 0818, Mine Opera We also handle the issue of Bondations 105., North Camarines 14hs., and other Publia, Funds of the Paracale Gumans 13ja, Ban Mau- Chinese Government both at Home ricio 745 Surigao Consol, 185.. and Abroad.

BHOU J. CHEN,

Buyoc Consol 10ja Byndicate In-: vestment 02., United Paracales Manager, 2438., Mindanao Motherlode 054.

#3.80

$20)

$8,60

$21.90

$21 Telephone (old)

$7.60 Telephones (new)

19/0 Tractions

22/0 Trsations (praf.) .........

Industrials

$14) | Cald.) Mung.; {Ord.) 8." $18

Cald., Marg. (Fref.) 8. }

$1 Canton Iomm

Camenta

Lopes?

Miscellaneous

Dairy Farm (Ola).

$181 Dairy Farin (New) $6.90 Ch.. E'tainmente

81,55 | Constructions ·

Constructions Lane Crawfords

$1

873

ni

320

(old)

(saw)

Nanyang Tobacco

$1.80 Bincares

Watsons

Ch. G.5% 19%G §Bds.

$100 H.K. Gork. 4%, Lomas

THEIR MOY

***

100

208

LLE. Gort, &% Loan

899

H.K Wing On :

$41

sind Wing the

$10

BB

Vibro Piling

13

Marsmans Eur. (Loa)

4/0

Marsmans Inv. (HX.).

Wm. Fowlie

#Balas "to" Shanghai