PAGE 10 HONGKONG-DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
OCTÜBER 13, 1939
Od London:
NEW YORK STOCK EXCHANGE
STOCKS
Adama Express...........
11
Alleghany Steel Co.. Ailled Stores Telegraphic Tranater. 1/8 13/16 | Allis Chalmers Bank Bills, on demanndi/ 13/18
On Shanghai:---
On Singapore:-----
On demand
Un New York:-
Bank Bills, on demand 24 7/6 Credits, 60 days' sight 25 3/4
On Batavia: ---
On demand
On Paris:-
Bank Bills, on demand 1385
Credits 4 months' sight 1145
לי
Market Report
FROM ROZA 'SEOS. Juver prices ruse 1/2 yesterday
for both dellvertes, the quotations beg 23 for Ready and 223/4 for
Celanese
Chesapeake & Ohlo Fetward. Silver advices reported Chrysler Corpn... Speculators as having bought. Colts Patent Fire-Arms The market, was quietly steady Columbia" Gas & El. The American market was closed; Columbia é "A" pi yesterday.
The London-New York cross- tate was quoted at 402
+
Dall
Market.
QUOTATION
231
253
20
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
COTTON: Prices advanced easily on domestic
trade
buying,
..which, however, was only of moderate proportions. Hedging was small on prospects that the Government will shortly be making loans to the farmers against 'Spot' cotton. Cotton cloth sales for the past two weeks were encouraging. We favour a constructive attitude.
RUBBER: The strength of the market is largely reflecting the firmness of the London market and the continued reports of London buying to full the Barter agreement. Commission Houses were buy- Ing and covering. Dealers were not in the market.
WHEAT: Early easiness was in evidence, prices being influenced by a fair amount of profit-taking and realizing. Prices tumied firm- er, however, in the later period of trading, following receipt of re- ports of complaints of drought conditions in the South-west, thus bringing renewed Commission House demand and local short-cover- Ing. Attention is being given that if this drought should continue unbroken for the next three weeks. It would be certain to result in a short crop in 1940.
NEW YORK STOCKS: Previous close, 150.60 To-day's close. 15134; Change, up .58.
SATURDAY, OCTOBER 14, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $30,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1855
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000 ................£3,000,000
£3,000,000
Reserve Funds?
Sterling H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors Proprietors
HEAD OFFICË; LONDON,
$20,000,000
Head Office:-HONG KONG
Board of Directors: Hon. Mr. A. L. Shields,
W. H. Lock, Esq..
Chairman.
Deputy Chairman, J... Bousfield, Esq., " A. H. Compton, Esq. Hon. Mr. S. H. Dodwell, D. F. Landale, Esq.. Q. Miskin, Esq.,.
K. S. Morrison, Esq.,.
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Chief Manager.
38, Bishopsgate. E.0.2.
Sub-Agencies In London: 117/192, Leadenhall Street, E.0.3. West End Branch:
14/15, Cockspur Street, 9.W.1. Manchester Branch: 38, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN
ALOR STAR AMRITSAR
BANGTOK BATAVIA " BOMBAY CALOUTTA
RONG KONG ILOILO
POR KARACHI FLANG AGENCIES: KORE
STRERT Faratis Pack
KUALA CANTON CAWNPORE
LUMPUR
KUCHING
WADRAS MANILA
PENANG
MANGOON BAIGON BELEMBAN
SHANGHAI
BINGAPORE \
SITIAWAN
DOU BABAJA
TAIPING
TIENTSIN
TÜKÖRAMA
Branches:
TONGIAN
Amoy
Ipoh
Penang.
Bangkok
Johore
Rangoon
COLOMBO DELFI
(Bhuket)
Batavia Bombay
Eobe
Saigon
Kowloon
San
Calcutta Kuala
Canton Chefoo
Francisco Lumpur Shanghai London .. Singapore
HAIPHONG HAMBURG HANIOW
KEDAN
NEW YORK PRIPING
TRINGTAO
Colombo
Lyons
Malacca
#
Foochow Manila
Dsiren
Sourabaya Bungai
Patani
Haigaon Muar Swatow Hamburg (Johere) Tientsin
Tokyo Bankow Makdan
New York Tsing Harbin Hongkow Peiping Yokohama Iloilo
(Peking)
FOREIGN EXCHANOR 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 ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED 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 recoFETY 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 Sare DeroBIT any of the Agencies and Branches. Boxes in various sizes To Let
R. A. CAMIDGE, Hong Kong, 25th September, 1939.
HONGKONG SAVINGS
Last Bria
OCT. 12, 1939
Oct. 11
STOCKS
91
Last sale Oct. 11
243
|J. & Laughlin Steel $7 pfd. 75,
91
Kennecott Copper
391..
494
Lakey Foundry & Mac.
31
Aluminium Ltd
94
|Libbey-Owens-Ford
Glass
51
Credits 4 months sight 1/3 3/Amerada Corpa.
Lockheed Aircraft
231
Amer, Can
1137
Loew's Inc. ..........
34
On demand
... 310
American Cyanamid B
329
Manhattan Shirt Co.
-
Amer. & Foreign Power
21
Martin, Glen I
361
63 1/2
Ameri Foreign $7 pt..
257
McKesson, Robbins
15
On Japan:-
American Gas & Elec
361
Monsanto Chemical
107
On demand
105 1/2
Amer. Locomotive
284
Montgomery Ward
532
SINGAPORE RUBBKA
New York, October 11, 1839.
October 10 October 11 buyers sellers
buyers sellera
On India :-
<
Telegraphic Transien
Amer. Metals Co.
26
at. Dairy Products
151
SPOT...
2
33-1/4
and demand
Amer. Radiator
101
| Nat. Distillers
234
JAN,-MARCH
.31-3/4
Amer. Rolling M401
204
National Gypaum
102
APRIL-JUNE
31-174
34 32-1/2 32
change. up 3/4
Amer. B'ting and Ring Co.
551
National Load
211
Amer. Sugar Ring
244
Na Power & Light
$
The market was steady.
11
Amer. Tel. & Tel.
1623
National Steel Corp.
777
46 3/4
Amer. Tobacco "B"
B01
|Nat. Bupply Corpn.
111
Amer. Waterworks
14
New York Central
214
Anaconda Copper
334
Niagara Hudson Power
72
51
Atchison, T. & S. Fe.
31
N. American Aviation
201
Un Saigon.
Auburn Motors...
3
North American Co.
On demand
107 1/8
Baltimore & Ohio
71
Northern Pacifc
111
Un Manila:-
Barber Asphalt Co
171
Owens-linols Glass Co.
83
On demand
4094
Barnsdall Olį.....
101
Pacific Gas & Elec.
291
Pacific Lighting
On! Bangkok :--
Bendix Aviation
451
*On demand
150 1/4
Bethlehem Steel
89
Packard Motors
31
Eterling Notes:-
3liss & Co.
16)
Paramount Pictures
གཎྜ
Bank Baying Rate
Boeing Airplane Co
261
Pennsylvania R.R.
Ba Stiver der of
Borg-Warner
271
Phelps-Dodge
Biggs M'facturing
244
Phillips Petroleum
451
Brooklyn-M'hattan
Trans.
LI
Pittsburg Coke & Tron
101
8'klyn-M'hattan $8 cum pf.
41
Public Service of N.J.
387
Canadian Pacific R'way..........
$1
Pullman Inc
38
Case, 3.1.
83
Pure Oll
to
251
Radio Corpn. of Am.
57
43
Reading Company, Com:
911
Reading Company, 1st pid
281*
37
Remington Arms Co. Inc.
*51*
71
Republic Steel
83
Reynold Tobac. "B"
361
Commercial
153
Richfield Du...
NEW YORK COMMODITY · MARKET
Commonwealth & 8. lord.)
11
Safeway Stores
431
'C'wealth S. 8% cum pt
67.
Schenley Distillers
Consolidated Edison
30%
Schenley, 51% pid.
(By Courtesy of Messrs. Swan, Onlbertson & Fritz and 5. E. Levy & Company)
Consolidated Oil
82
Sears Roebuck
78
Prov. To-day's
Continental Can
#71
Seversky Aircraft
#
Continental Oil .'
28)
Shell Union Ou
14
High
611
Socony-Vacuum OÜ
14
New York Cotton, Dec.
6.89
Curtiss Wright (C..
7
Southern Pacific
17
New York Rubber, Dec.
19.83
Low Close Close Change
8.83 8.83 8.87 19.39 19.13 19,50
.04 up
.40. up
Curtiss Wright “A”
26
Southern Rly $5 pfd. .
324
Chicago Wheat. Dec,
83
324 83
83+
231
Deere & Co.
Sperry
48
Chicago Com, Dec,
50
491
50+
.. 50
up off
Distillers Corpn. Beagrama Douglas Aircraft ..... Du Pont de Nemours'.
14
Spicer Manufacturing Co. 284*
Winnipeg Wheat, Dec.
-
70%
71
763
Standard Branda
B
New York Hides, Dec,
14.89
14.45 14.40 14.79
.39
up
180)
Stand Gas & Elec.
3
12
Standard Oll of California
201
NEW YORK" COTTON
Close
Opening
Closing
Change
26.
Standard Oll of N.J.
*.48
October
9.12/12
9.13/12
9.15/16
04 up
38
Stone & Webster
127
December
8.82/83
8.83/84
8,86/87-
.04 up
Elec. Bond & Share
91
Bwift International
314
January
8.65/65
unquoted
8.79 N
.14 up
Elec. Bond & Share 5 pf. Elec. Bond & Share $6 pf.
571
Technicolor
1111
February
8.87/88
8.58/08
67
Texas Corpn.
47+
March
8.47/47
8.51/51
8.52/92
.05
Elec. Power & Light #1 pr. Flintkote
337
Texes Gulf Sulpbur
351
May
8.27/27
8.31/32
8.32/32
177
Trans-Americs
Co.
July
9.14 N
9.18 N
.05 up .04 up
Food Machinery Corp.
331
20th Cent. Fox.
141
601
20th Cent. Fox $1ł pi. ...........
24
NEW YORK RUBBER
Union Carbide & Carbon
801
544
Union Paelic
102
December
19.12/13
March
18.03/04
Gen. Railway, Signal
231
United Aircraft
444
General Tire & Rubber Co 221 Glidden Co. Goodrich (B.F.)
United Airlines Trans.
114
May
17,90 N
184
United Corpo
27
July
17.90 N
19.32b/40 18.28/28 18.46 N 18.10b/30a. 18.30 N 17.90 B 18.25 N
19.55/59
.40 up
.41 up
.40 up
35
#p
United Corp. $3 cum pf.
35
642
United GM Corpn, makan
21
Goodyear Tire & Co.
United Gas Improvement
14
CHICAGO WHEAT
Great Northern Iron Ore....
-181
US, Industrial Alcohol.
24
December
821/83
30%
D8. Rubber
41#
May
Great Western Bugar
31
US. Rubber 8 pid.
1064*
..... 821/821
July
807/801*
31/32 February/March, buyers at
Greyhound Corpn.
164
U.S. Steel
751
Hercules Powder Co.
391
Vanadium
36
Homestake Mining
531
Warner Bros. Pict.....
#
261*
Westinghouse Elec.
1167
CHICAGO CORN
Amoy
Kowloon
641
Woodward Iron Cor...dy
20
December
504/501
50/501
501/50
од
London Bangom
Bocobay
Media
$91
Chase National Bank
·May ......
531/631
523/521
521/524
off
Haiphong
51* 78
National City Bank.
*29**
July
54) b
53+/531
off
WINNIPEG WHIKAT
Hankow Elomoimis Nobe
-New York Seattle
Parle
October
70L/701
T1/71
*bid.
I-ex. div.
December
72./2
721/721
13/73
DOW JONES AVERAGI
May
781/78#
762/761
778/77}
1939
Oct. 13, 1939,
High Low Dow Jones AverageM 155.92 121.44 20 Industriala
Dat. 10, High Low Close 150 68 161.49 15449 151 34
Change
NEW YORK HIDES
08.ap
30 Relis 35 90 24.14
Utilities 27.07 80710 ***92 22 66.51 40 Bonds
33 80
31.12 33,49 33.93
25.36 89 70
$5 68 25.23 25.57
60.53 45.59 11 Commodity index 55.16
.16 up 16 пр 89.71 01 up 5561.46 up
December
14.40/40
14.45/50
14,77/19
March June
14.70/70
1480/85
15,10/10
.39 up 40 up
15.02 N
15.10b/188
15.37 N
Busino Done: 630,000 shares
NY Silver, Official ........... 38-1/4 NY-London Cross Bate, 4.03-5/8
.
Sterling
Afternoon Market
afternoon.
Sterling
..
401
221
#8
38*
Total sales for the day:-980 taria
קט $
821/62+
834/83}
821/62
83/831
811/811
mp
Tuesday's sales:-17,381,000 bushėls.
€€€
BE
BANK
The Busic.ss of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION, Rules may be obtain- ed on application.
For the HONGKUNG & SHANGHAI Banking CorpORATION. “
V. M. GRAYBURN,
Chief Manager: Hong Kong, 25th Feb.. 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital 5,508,600.00 Reserve and Undivided
2,853,032.01
Profits
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central
Board of Directors:
Sir Bhouson Chow, Chairisan
Li Koon Ubun, Eaq,
Li Lan Bang, Eng. P. K. Kwok, Esq. Work Olsson, Eng Wong Tan Tong, Esq. Kan Ying Po, Kaq,
Chan Ching Shok, Esq. Fung Ping Wah Eng Kan Tong Po, Esq., Chief ManaĘNE. Li The Fong, Esq., Manager.
Branches and Agencias ;---
Panaok Singapore Bouzabaya Balgom Betw
Melbourne Bar Prade Ngun
VIDOCK VEY
Manager.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STANT,
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 TEK CHASE NATIONAL BANE, New York, with Besources of aver 1.8.$9,000,000,000.
D. M. BIGGAB,"
Second Fios Pran
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 Chios and connections in the principal Commercial Centre of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
There were sellers at 1/3 Octo='Corn Producta ber/January and 1/2.31/32 Feb
ruary/March, buyers at 1/31/32 Dash and 1/3 February
0.8. Dollars
There
were sellers at 36.1/4 October, 25.3/18 November and 25.1/8 December, buyers at 25.5/16 Cash, 25.114 November and 25.3/10 December.
Shanghal Dollars Opened with sellers at 315 and
at the close there were sellers at 320 for cash..
Shanghai Market
Eagle Picher Lead Eaton Mfg Co. Elec. Autolite
Opened with sellers at 11/18 Gen. American Trane. for Spot. The market was a shade Gen. Electric easier towards the close with sell-Gen. Motors .. ers at 4.5/8 for Spot.
The market was quiet in the Goodrich '$5 pf
The market closed with sellers Great Northern Rly, pfd. at 1/3 October/January and 1/2.
100.1/32 Cash and 1/3 February,
U.S. Dollars
The market closed with sellers Industrial Rayon
at 25.1/4 October, 25.3/18 Novem- International Harvester
be and 25.1/8 December, buyers Int. Nickel
at 25.5/18 Canal, · 25.1/4" November Int. Tel. # Tel.
And 25.3/16 December.
Shanghai Dollars
Opened "with sellers at $20 and
at the close there were sellers at 818
Shanghal Market
441/04 sellers. for Bpot. At the close there were sellers, at 4.43/64 tor Spot,
Shanghai Exchange
Shanghai: Oct. 13 + {Beutazhi q Ofdal T.T? Batok Sti
London
Oct.
0/4-43/64 0/4-5/8.
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
106.030
INDO-CHINA
STEAM NAVIGATION
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
L ́and TIENTSIN
KOBR, and OSAKA ·
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
COMPANY LTD.
THE MERCANTILE BANK * OF INDIA, LIMITED
Head Offco:-15, Gracechurch Birset. London, E-OJ
Authorised Capital ·
Subscribed. Caplīts):
Palder Capital
Bavaria Pond and Bari, I
BANKERS:
The Bank of England and Midland.
bag Bank, Ltd.
BRANCHES:
Kuala Trang na
Bastan
Madri "Hew York
Bangkok
Ipoh
Bombay
JARAN
Oulentta
Colombo Kandy
Korchl
New York
Гарад
India
Paris Hongkong
Spot
Oct.
Nov.
>
Johns Manville
Opening
8-11/16
28-1/2.
22-1/4
London, October 12 (Reuter),
Oct. 5
2
Oct. 12
2
15.350
10.910
11
116,720
40,870
-93 070
148,900.
168,390
TO-
Government Securities
113,820
114,310
Other Securities:-
Discount & Adránce Securities
2.399
(3,060
22.330
21,700
74,750
Coins
42,189
45,940
000
970
638.750
25.97%%%
635,020 27.45%
108/-
38-3/8 4.09-1/2
קטן
Bekkelaa Polping Shanghal
Every description of Banking and Exchange businėms transcoted. Loans granted on approved securities.
Current Accounts opened in Losai Currency and Fixed Deposits, re-i ceived for one year or shorter periods in Local and Foreign Car-|| rancies on terms which will, be quoted on application.
BAPE DEPOSIT Box To Im..
KAN TONG PO,
Chief Manager,
Apot
Nov.
2.93 .:28-5/8
Sellera Opening Closing 0/4-11/16 0/4-41/84-
0/4-30/84 0/4-9/18
U.S. Dollars
... $1-7/8
7-27/32
$T-25/32
7-3/4 7-11/18 7-19/32
Market-Quiet. :
Merchant Rate
Sterling, 0/4-5/8.
US Dollars, $7-3/4
Silver Duty Rate
The Central Bank; of. China's rate on London at 10 am, to-day Was 1/2-1/2, unchanged yesterday.
from
The Equalisation rate was 21=3/4 | per cent.
India Rupee Paper,
Bombay, Oct. 12 (Router). Govt. 31% Rupes 85-11-07
Public Deposits ...Other Deposita:--
Bankers
Other AcceTINĖS Total
Notes and
Total Bullion
Notes in circulation
Radio of Reserve' to Liabilities
Price of Gold' at which holdings are valued... 168/-
LONDON GOLD"
London, Oct. 12 (Reuter).
Bar Gold, Fine per oz. 168.
།།
LONDON METALS
EXCHANGE London, Oct. 12 (Reater). "buyers sellers
2
For further "partionlara
please apply-to-
JARDINE M
| Calcutta Exchange
TIN
Calcutta, Oct. 12 (Reuter,) T.T. on Japan, 78-3/4.
Standard. Cash 230 Standard..
≥3 months 250
unquoted
inquoted
TELEPHONE BOJIL- GENERAI
AGERS
*Head Office:-SHANGHAI
Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offioen:
CANTON": SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chines Government both at Home and Abroad.
SHOU J. CHEEN,
Manager.
“Delhi.
Galle
Hongkong
Kanin Lip
Bowrah Kamla Leispar
Мапиока
Bil
HONG KONG BRANCH: Etery_dawnytime of Banking sust Krebsage kazidinem, tramamoted...... *Icavaliers Onique Jinued, TRUSTEE AND EXECUTORSHIP PROVE UNDERTAKEN
OPEREST PACODUITS Spised in Local Our 19007 13-1ESD DEFOBIE) ensorred in Leon
· Curemary, UPEKLING 'N U. O, DOLIZIA BA on Leymne - that may be movetuband, za: nepifuation., (N
D. BENGON,""
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