HONGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital 350,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1855
Reserve Funds, "Sterling
r
Paid-Up Capital £6,500,000 Reserve Fund..... H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Proprietors
..$20,000,000
Head Office:-HONG KONG -
Board of Directors:
A. L. Shielda, Esq.,"
W. H. Lock, Esq.,
Chairman. Deputy Chairman,
Hon Mr. J. K. Bousfeld,
A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq..
G. Miskin, Esq.
K. S. Morrison," Eeq..
Hon. Mr. T. E. Pearce.
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Chief Manager.
prietors
£3,000,000 £3,000,000
£3,000,000 HEAD OFFICE; LONDON: 38, Bishopsgata E.C.2. Sub-Agencies In London: 117/19, Leadenhall Street, B.C.a West End Branch:
14/16, Cockspur Street, 8.W.1. Manchester Branch;
52, Mosley Street, Manchester, S.
AGENCIES AND BRANCHES:
PENANG ALOR STAR HARBIN AMRITHAR HONGKONG BANGOON KANOKOK ILOILO
[POH KARACHI KLANG
BATAVIA BOMBAY
CALCUTTA
AGENCIES: COME
CV STY
SAIGON
BERIMBAN
SHANGHAI
BINGAPOKE AITIAWAN
BOURABAYA
TAIPING
KUALA
FAIRLIK İLACE
LUMPUR
Amoy
Branches: Ipoh
CUTTON CAWNPORI CEBU
KUCHING
TIENTSIN
MADRAS
TONGKAR
Bangkok
Batavia Bombay Calcutta
Tohore Kobe
Kowloon Kuala
Penang Rangoon Saigon San
COLOMBO
MANILA
(Bhuket)
DELAI
MEDAN
Francisco
HAIPHONG HAMBURG HANKOW
NEW TOLA PRIPING
TSINGTAO YOKOHAMA
Crinton
Lumpur
Shanghai-
Chefoo
London
Colombo
Lyons
Dairen
Malacca
Foochow Manila
11
Haiphong Muar »
Singapore Sourabaya Sungei "Patani Swatow
Bamburg (Johore)
Bankow Mukden
Tokyo
41
Tientsin
Harbin New York Tsingtao Hongkew Peiring Yokohama Iloilo
ACCOUNTS opened in
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
FINANCE
Finance and Commerce
CHINESE ECONOMIC OFFENSIVE
BEHIND JAPANESE LINES
CHUNGKING, Sept. 17, (Central)—How the three major anti- Japanese economic measures,-boycott of Japanese goods, cut- ting of all food supply and other raw materials and ban on Jap- anese bogus notes are being carried out by Chinese behind Jap- anese lines was told by Mr. Chang Nia-chl, well-known Chinese scholar.
Mr. Chang's account was based on his observations and ex- periences as finance commissioner of the Anhwei Provincial GoF- economic encroachment ernment. Measures against Japanese enforced in Anhwei, moreover, are more or less the same as those in other provinces,
MONEY AND
EXCHANGE
CLOSING "QUOTATIONS
SEPTEMBER 16, 1939
On London:-
- Telegraphic Transter. 1/8. 13/18 'Bank Bill, on demand/2 13/16 Credits 4 months' sight 1;3 3/8 On Shanghal:-
On demand
On Singapore:--
On demand On Japan:-
Dumping of Japanese goods in across the Yangtze, the price, as Chinese-controlled districts behind the result of the Chinese ban, has the Japanese lines is out of the soared as high as $20 per picni. question, Mr. Chang explained, due This not only has serious economic On India
on the Japanese to effective Chinese boycott repercussions
On demand
Telegraphic Transfer. and demand
through the establishment of a themselves but also induces Chi- province-wide network of "enemy nese to leave Japanese-nccupied On New York:- goods Inspection bureaux.”
MAIN PROBLEM
"
The main problem that remains
territory.
IMPORTANT PRODUCTS
350
... 1/2
#>
MONDAY, SEPTEMBER 18, 1939. —PAGE 9
11
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.).
SINGAPORE RUBBER
Sept. 13 buyers sellers
New York, Sept. 16.
Sept. 14
buyers sellers
change
SPOT OCT./DEC.
38
36-1/4
OF 1-3/4
35-1/2
'35-3/4
Up 1/4
JAN./MARCH
33-3/4
34-1/2
Up 3/4
Previous close To-day's close
buyers sellers buyers sellers
change.
9-3/4 10
9-7/8 10
Closed
10-1/4 10-3/8
"The Singapore Rubber market was firm..
105 1/2 LONDON RUBBER
SPOT
82 3/8.
Bank Bills, on demand 24 Credits, 60 days' sight 23 1/4 Un Batavia St.
On demand Paris:-
Other important Chinese, pro-On
48 1/9
Bank Billa, on demand 1380 Credits 4 months' sight 1140 Saigon:-
On demand
107
48
150 1/4
... 0/3 1/
22 1/8
to be solved arises from Japanese-ducts prevented from being export- made merchandise bearing Chinese ed to Japanese-occupied territory
The Anhwel Provin-Include cotton, wood oil, bristles, un trademarks clat Government, Mr. Chang said, and the like.
The attempt of the Japanese to Un Manila:--- is getting from Wuhu, Nanking.
On demand and Shanghai
other Japanese destroy the Chinese currency by occupied cities lists of such "imita-the issuance of bogus notes has On Bangkok:- On demand tion goods" to guide the work of been frustrated with the establish- the "enemy goods inspectionment of a "buffer zone" in Anhwei Sterling Notes:
Bank Buying Rate buretur".
Province. A total of $10,000,000 it! CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One As Japanese goods are prevented local notes has been issued by the Bar Silver per o Year or shorter periods in Local or from coming in. so are Chinese Anbwel Provincial Bank with the
The ban authorization of the Ministry of Market Report Other Currencies at rates which supplies from going out. will be quoted on application.
on the export of rice particularly | Finance. SAVINGS ACCOUNT also opened is causing the Japanese no sinall Local Currency and Sterling with interest allowed at rates obtainable on application.
33
worry.
19
Rice is sold at $3 per picul at CURRENT LOCAL CURRENCY and FIXED DEPOSITS The Bank's Head Office in London Wawelchow while in the Japanese received for one year or shorter undertakes Executor and Trustee held city of Wuhu immediately periods in Local and other Cur-business, and claims recovery of rencies on terms which will be British Income Tax overpaid, on quoted en application.
terms which may be ascertained at ALSO ap to date, Bare DEPOSIT any of the Agencies and Branches. Boxes in various sizes To LET
R. A. CAMIDGE,
Hong Kong, 5th June, 1938.
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 HoxAxONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital...... $10,000,000.00 5,598,600.00 Paid-Up Capital
Reserve and Undivided
Profits
2,883,832,01
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Shouson Chow, Chairman
Li Koon Chan, Esq.
P. K. Kwok, Esq.
Wong Yan Tong, Esq.
Chan Ching Suck, Esq.
Li Lan Sang, Eng.
Wong Chu Son, Esq.
Kan Ying Po, Lag
Fang Ping Wah Esq.
Kan Tong Po, Esq., Chief Maangst.
Li The Fong, Haq, Manager,
Amay
Branches and Agmolas :---
Howloo Batarist London
Bombay
Calcutta
Haiphong
Harrow Honolulu "Kabe
Manila Kalbourne
Penab
Hangoun
Bagon
Singapors Bourabaya Bwntow
sa Fras Sydney
alpo Tentila
Vincegrar
New York Bantity Paris
Polplog
Semarang Shanghal
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 periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT Boxes To LET. --
KAN TONG PO,
fhief Manager.
BANK OF CHINA
Specially Chartered by ..
THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
..BANK
PAID-UP CAPITAL $40,000,000.00 (BRANORES 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 to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAT Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices:
CANTON
SWATOW ON
SHIUCHOW
KONGMOON
TOISHAN,
KINGCHOW
The circulation is strictly limited within the area where the. Anhwef Provincial Government exercises its
The notes have jurisdiction. foreign exchange value,
OCT./DEC. JAN./MARCH
Market closed.
COTTON: Prices declined sharply on liquidation by foreign in- terests and hedge-selling, influence by lower cables from foreign markets. The only support consisted of some little buying by. Trade interests.
RUBBER; To-day's was a quiet and narrow market with very... little of interest. Some selling by foreign interests was off-set by & small mill demand and Trade enquiry.
1,
'-
WHEAT: Prices operied lower on easter advices from abroad and then declined on profit-taking and liquidation, together with some hedge-selling. Conditions thereafter were quietly steady and towards the close prices showed fair gains on buying by speculative interests. NEW YORK STOCKS: Previous close. 154,03; To-day's close, 152.15; Change, Of 1.86
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan. Culbertson & Fritz and S. E. Levy & Company)
New York Cotton, Oct, New York Rubber, Dec Chicago Wheat, Dec.
FROM ROZA BROS.
Silver prices rosé on Saturday to the "extent of 5/8 for Ready and no 9/16 for Forward. the quotations "being 22.1/8 and 21.15/16 respec- tively. Silver advices reported In- dia as having bought. There were. some bear covering. The market | Chicago Com, Dec. closed firm with buyers at the Winnipeg Wheat," Oct. ixed rate, Sellers were reserved. New York Hides. Sept. SHAREBRÓKIES" ASSOCIATION American Silver was quoted at NEW YORK COTTON,
October
HONGKONG SHARE QUOTATIONS
Manager.
STOCK EXCHANGE
Bayer Belters
Salca Nominal STURDAY 16.
SEPT.
Buyere Bellars
Sales omina
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
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 THE CHASE NATIONAL BANK, New York, with Resources of over U.S.$3,900,000,000. ̈
D. M. BIGGAE,
Second Vice Pres
H. K. STOCK EXCHANGE
A suspicion that political 'news fitering through was of'a doubt- ul and mixed nature made the short session more duli than usual.
BUYERS
Providents, $4.
SALES
HK Bank, $1200. Providents, $4.20. H8 Hotels, $4.80. Dalry Farms (Old), $20/20. Dairy Farms (New), $104.
SELLERS
HK. & S. Hotels, s. Cements, $141.
~~PHILIPPINE-GOLD MINING -
!!!
Banks
Chartered Banks .....
$1260
H.K. Banks
£72
Do. (Cal, Beg.}
£70
Do. (Loa Reg.)
£6
224
Mercantile Bk. “A”
212
Marcantile Bk. "0"
$72.
Bank of East Asia ...
N. C. & S. Banks
(0) Insurances
$200 Canton Insurances ... $190
$385 Union Insuranom
$1 Underwriters
$165 H.K. Fires
Shipping
89.10 Waterboats
$87
Douglaños
312
Steamboats
860
Indo-Chinna
(Prak.)
$30
Indo-Chinas (Def.)...
92/6
Shella
Docks, Wharves,
$90
$4.20 | #4 35
$18/
!.
Godowns, etc...
H.KE. Wharree $100 Providents
|Providania (D«W)
++
H.K. & W. Docks...
Do. ).
#110 Shanghai Dock's 8,... New Engineerings &
"Mining
Kailkos
Rambas Venezuela Gold Fida
Hong Kong Mises ... Lands, Hotels and Buildings
H.K. Hotels
:::
Cotton MILS
$16.80 Kwo. (8.) ́...............”
$120 8'hai Cottons (8) $43 Zoong Sings (8.) .... $48 Wing On Textiles (8.)
Public Utilities
Yati Ferries
:: !!
::::
44ii
$4.35
819
197
36.1/4 for Spot..
The London New York cross-rate was quoted at 402. New York/ London was quoted at 398.".
D
Prev. To-day's High Low Close Close Change 9.23 9.09 9.29 9.12 17 off 20.90 20,45 20.65 20,63 .02 off 87+ 851 801 267 unch.
571 501
781 781
573 571
14.62 14:40 14.65 14.80
I oft
78b 771
ton
.06 off
Close 9.28/20
Opening
Closing,
Change
9.22/23
9.10/12
.17 of
December
9.00/01
-8.99/97
8.85/88
.15 off
January
8.91 N
8.87/88
8.77/77
.14 off
March
8.80/80
8.75/74
8.61/63
.17 off
Market
May
8.80/60
8.52/53
8.43/44
18
off
$1250 £79
Quietly steady."
July
8.45/46
8.41/43
8.25/28
.20 off
£70
Sterling
Spot
9.48" N
9.20 N
28 01
ERA
£12 $72
80 cts.
There were sellers at 1/3 Bep- tember, 1/2.31/32, October and 1/2 15/16 November-December, buyers December
March at 1/3.1/32 Cash, 1/3 October and
May 1/2.31/32 December,
NEW YORK RUBBER
September
23.25/25
20.82/65
20.60/90
-
19.30/32
19.60/60
19.30/34
23,80b/90a 20.60/63 19.30b/35a 19.10b/20a
.65 up
102. off
03 up unch.
"
311
$365
$183
at 24.1/4 for Cash,
%
367
Shanghai Dollars.
$15
Nominal
850
$20
93/8
$8
19.20/20 Total sales for the day:-1.280 tons. U.S. Dollars Sellers at 24.1/8 for cash, buyers CHICAGO WHEAT
Shanghai Market.
Opened with Sellers at 41/64
for Spot and at the close sellers were reported, at 4.1/32 for Spot,
Shanghai Exchange
Shanghai, Sept, 18 (Reuter).
Official T.T. Rates
September
851/851
851/851
December
861/861
861/802
oft unch.
May
88/871
871/87*
877/88
Friday's sales:-24.813,000 bushels. ("CHICAGO CORN
September
584/581
58/58
off
December
578/571
57+/571
571/571
Of
May
601/602
807/60
601/601
off
WINNIPEG WHEAT
October
78.b
78/781
off
..
December
791/80
80/801
8108
Opening
May
84/84)
781/787 83/83
off
$8.30
London ...
.0/3-1/2
NEW YORK COPPER
FUTURES
New York
5-5/8
December ......
16/3
Japan ...
24-5/8
$8.70
July
.11.16/16
unquoted
11.12/12 11.18b/28a
11.20/20..
.04
11.27b/30a
$4
India ... Paris
19-3/8
NY Silver, Official
38-1/4
unquoted.
2.53
NY-London Cross Rate 3.88
3.88
Hongkong
23-1/4
NEW YORK HIDES
Sterling
December
14.85/65
Beliers
March
15.02/02
14.60/55 14.60/60 14.90/90 14.96/96
.06' off
Opening Closing
0/4-1/84
0/4-1/64 0/4-1/64 0/4-1/64
NEW YORK STRAITS TIN December
51.50 N
. 0/3-61/64 -0/3-61/64
US Dollar
$8.70
161 cta.
35
$38
$32) HE. Landa per Do. 4% Debenturer
Lands 8. $7.90 Shanghai
H.K. Bonition ........... $71 Humphreys .......
Chinese Estates
......
$321
$100
Spot $4.20 Sept.
$7.90
Oct.
1/
$18
$110
spot
$6-15/32 $6-1/2
$40
Sept........
6-15/32
$60
Oct.
6-5/18
$16) TramwayE
$16
$7.40 Peak Trans (old) .
$7.40
83.70 Pank Truma (new), ave. $611 (8tar Ferries
$3,70
$60
ཛཿབནཾ པཿལཱཨཽས་
QUOTATIONS
$99
Atoks
18
Do... (a)
$5,10
Chins
Lights (0)
Antamok
16
851
China Lights (New)
Batong Buhay
011
China Lights Rex. *-.
Benguet Consolidated
9.40
- Big Wedge
17
Cuco Grove
13
Consolidated Mines
0045
Démonstration
60
I I. L
34
10-
$14
10
"Cald., Mang. (Ord.) £..
E
Manbate Consol
·061
Cald., Macg. (Fref.) B.
$1
Mindanao Motherlode
05%
#143
Canton los vermorsarna Comenta
Mine Operation
10
North Camarines
15
Paracale Gummans
13
Ban Mauricio
74
Bayor Consolidated,
10
United Paracale
Ipo Gold
Itogon Mining
BIT
$62.20 H.E. Electriam ...... || $51
$18 ---Macso. Electrioni
Sandakan Lights
821 Talaphon (old) "......
#7.69 Telephones (Dew)
19/0 Tractions
22/0 Treations ()
Industrials
***
Miscellaneous
$20 Dairy Farm (Old)
$19 Dairy Faria (Now) $8.90 Ch. Etainmenta, ...... $1,56 Constructiona (old)
$1. Constructions (Don). 974', {Lans 'Crawforda -...
Tobacco Nanyang
$1.80 Bincards
$8.60 Watsons
Ch. 0,5% 1926G #Bds.
"
6-7/61 6-9/32 Market: Quiet but steady.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, to-day was 1/2-1/24.
The Equalisation rate was -16-3/4 |···· per cent.
New York Exchange
New York, Sept. 16 (Reuter), TT on Londen (Opening Rate). 3.84,
HONGKONG.
SHAREBROKERS'
·ASSOCIATION
51.00b/56,50a 51.25b/52.50a, 1.00 up
FINANCE FOR CHINESE Industrial Co- operatives
ADDITONAL GRANTS HAVE BEEN RECEIVED BY THE CHI- NESE INDUSTRIAL CO-OPERATIVES TO-FINANCE ITS DEVELOP MENT IT IS LEARNED FROM THE 0. 1. C. HONGKONG PRO- MOTION COMMITTERE
Madame H. H, Kung, eldest of the three Boong sisters and wife of the President of the Executive Yuan, has made a personal loan of $100,000 (national currency) for gold wishing and mining win the Northwest. It is estimated that the loan will get 10,000 people working, the bulk of their expenses being for simple, tools and wooden "pans."!..
ative
The loan
in the welfare of the co-o 13 repayable eighteen months, but the usual workers
* BELIEF FUNDS Meanwhile, two main foreign
6 per cent interests, will not go to Madame Kung. Instead, she has specified that the interest is to relief agencies in China have be placed in a common fund for helped to swell the C. I. C. pro
Paracale Chimaus Ban Mauricio Surigao Consol.
ductive relief funds, From the British Fund for Relief in China has come $60,000 (national car
6045 rency) in two allotmenta, one of
quarters of the Industrial Com operatives and the other of $10, 18000 för refugees in the Southwest The American Advisory Com mittee for Civilian Reller with headquarters in Shanghai has given $30,000 (rational currency)
13 for the Southeast, This sum and
that from the British F
operatives for 2,000
have ded-inland-from-the posat
with the fall of Bratos: and:
and south from
Nazichang
$14
$90
Volume of Business Transacted
Consol, Mines
$19
September 16, 1939
$6.80
Demonstrations
06
$50,000 for the Northwest Head-
HK Hotels
500
$4.80
LX. L
84
HK. Electric
100
$1.00
Ipa Gold
10
HK Hopes
1000
4.60
Itogons Mining
HK. Rope
1000
4.70
Mambulao Consol,
$1.00
PHILIPPINE GOLD MINING.
Masbates Consol
064
$10011. Gort 1% Doens
$100
QUOTATIONS IN
Mine Operations North Camarines
10
16:
108
11.K. Gort, BH% Losa
Atoks.
*$41 / EL, K.; Wing" On the
Antamoks..
16.
74
Oftake nil
Vibeo Piling
What Wing On
*310*
481
Baguio Gold
help provide working relle
··12)
Marymane Tav. (Lon
Batong Buhay
011
Buyoc Consol
101
60-08
14/0
Marymana Iv. H.
Benguet Consol
940
Syndicate Investment
anquoted
Big Wedge
United Farscales
Coco Grove
Mindanao Motherlode
SILVER MARKET
BOMBAY SILVER Bombay, Sept 16 (Reuter).
Nominal.
We also handle the issue of Bonds Market and other Public Funds of the Chiness Government both at Home and Abroad.A
Indian Mint Silver
Ready Oct 7 Settlement Manager. Nov, 1 Settlement
BHOD J. CHEN,
unquoted
.399.
No comments yet.
Private notes are available after approval.