QUOTATION
Last Sale
OCT. 15, 1939
Oct. 14.
STOCKS
น
Last Bala Oct. 14
24)
1. & Laughlin Steel 37 pfd. 75
91
Sensecott Copper
39;
431
Lakey Foundry & Mac..
31*
Aluminium Ltd
944
Libbey-Owens-Ford
Glass
511
£
Amerada Corpe.
Lockheed Aircraft
281
War Loan, 3% Red
after 1953) Canton-K'loon Rly. 0% Chinese 41% Gold Loan
1898 (Brit. Issue)...... 40
Amer. Can
1111
Loew's Inc......
331
8-7.8 9
American Cyanamid B
32
Manhattan Shirt Co.
Amer. & Foreign Power ........
21
Martin, Glen I
361
Ameri & Foreign $7 pf....
25*
McKesson. Robbins
151*
American Gas & Elec
357
Monsanto Chemical
1071
Chinese 5% Gold Bonds,
1925-47 ...
Amer. Locomotive
201
Montgomery Ward
537
SINGAPORE RUBBER
30
Amer. Metals Co.
201
at Dairy Producta
157
SPOT
Chin. 41% Anglo-French
Amer. Radiator .......
91
Nat. Distillers ..
231
JAN./MARCH
Loan, 1908
30
Amer. Rolling Mil
20
National Gypsum
101
APR./JUNE
Chinese 5% Crisp Loan.
Amer. Sting and Ring Co.
534
National Load
21
1912 ....
18.
Nat. Power & Light
Amor, Sugar Ring ........
81
The market was quiet.
Chinese 5% Reorg. Loan,
1913 (Ldn. Is.) Chinese 8% Ster. Notes.
Amer. Tel. & Tel.
183)
National Steel Corp.
761
25
Amer. Tobacco "B"
81
Nat Bupply Corpn.......
111
Amer. Waterworks
131"
New York Central
201
1925 (Vickers)
6
Anaconda Copper
321
Niagara Hudson Power
71
Chin. Imperial Rly. 5%
Atchison, T. & S. Fe.
302
N. American Aviation
21
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK NEW YORK STOCK EXCHANGE
EXCHANGE
(REUTER'S SERVICE)
London, Oct. 13.
The following quotations are the
STOCKS
middle prices at the close of the Adams Express market in London. All quotations Alleghany Steel Co. are subject to confirmation and Allied Stores no responsibility is asumed for errors in transmission.
Allis Chalmers
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE. BUILDING
HONGKONG
COTTON: There was a substantial buying early in the day for distant options, but covering was less urgent, Trade demand was only moderate and hedging was small though constant. Cotton-goods market was firm. Weather conditions are more favour- able for harvesting.
The
TUESDAY, OCTOBER 17, 1939.
BANKS
HONGKONG & SHANGHAI THE CN BANK OF
BANKING CORPORATION!
Authorised Ospital... $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1851 Reserve Funds:
Paid-Up Capital Sterling
£8,500,000 Reserve Fund
£3,000,000 £3,000,000
.......£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Proprietors....
.@20,000,000
Read Office:-HONG KONG
Board of Directors: “ Hon. Mr. A. L. Shields,
Chairman. W. H. Lock, Esq.,
0
Deputy Chairman.
J. K. Bousfield, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell, D. F. Landale, Esq., G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
A V. Wilkinson, Esq.
· Sir Vandeleur M. Grayburn.
་་
Chief Manager.
prietors
HEAD OFFICE: LONDON:
38, Bishopsgate E.C
Suo-Arencies In London:
S
117/129, Leadenhall Street, E.C.3. West End Branch: 14/16, Cookspur Street, 8.W.1. Manchester Branch: 52, Mosley Street, Manchester, Z.
AGENCIES AND BRANCHES:
HARBIN
ALOR STAR AMRITSAR
BANGKOK
BATAVIA
BOMBAY -
CALCUTTA
PENING
BÓNG TONG LAGOON
ILOILO
IPOR
KARACHI KLANG
EDALA
AGENCIES: HOME CLIVE STREAT Fax PLACE CANTON CAWNPORE
.
HAIGON
"ARE SMBAN
SHANGHAI
SINGAPORE
SITIAWAN
BOURABATA
COMMODITY MARKET
REVIEW
(FROM PAYNE & CO.)
October 13
New York, Oct. 14.
October 14
buyers sellers
buyers
35-1/2
35-1/2
sellers change
of 3/8
34
33-5/8
33-1/2
33-1/8
Loan
Honan Rly, 5%
10
Hukuang Riy. 5%, 1911... 11
FEB
3
North American Co. .........................
21
Atburn Motors ...
227
Northern Pacific
Baltimore & Ohio
101
Barber Asphalt Co
18**
Owens-Illinois Glass Co.
63
Hukuang Rly. 5%, 1911
Barnsdall Ol
161
"Pacific Gas & Elec.
291
RUBBER: Reports that the year-end industrial statistics will have a better showing than so far cakulated falled to stimulate any interest September consumption was 50,150 tons compared with 50,418 tons in the month of August,
German Issue)
11
Bendix Aviation
281
! Pacific Lighting
463
Lung Tsing & U. Hai Rly.
6% 1913
Bethlehem Steel
837
Packard Motors
31
8
Bliss & Co.
17
Paramount Pictures
71
S'hal-N'king Rly. 5%.... 11
Beeing Airplane Co.
251
Pennsylvania R.B.
25
Tientsin-Pukow Riy. 5%
(Brit. Stpd.1 Tientaln-Pukow Rly. 5%
(German Stpd.) ........ Tientsin-Pukow Rly. 5%
(Brit, Stpd. Supl Loan Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl, Loan) Jap. 5% Ster. Loan, 1907 31-1/2
Berg-Warner
201
Phelps-Dodge
WHEAT: The Cash market is still Arm, Weather conditions in the West and in the South-west are favourable for preparation of the 1940 Winter Wheat crop. There is a possibility of some increase in the acreage in the event of "any increase in hostilities.
424
Biggs M'facturing
231
Phillips Petroleum
445
Brooklyn-M'hattan. Trana
Pittsburg Coke & Iron A
'9'klyn-Mhattan $8 cum pí.
416
Public Service of N.J.
381
Pullman Inc.
381
Canadian Pacific R'way.
9
Pure Qu
Case, J.I
91*
25
Radio Corpn. of Am. v.
54
9
Celanese
42
Chesapeake & Ohio
Reading Company, Com:
19
90
Reading Company, 1st pid
281
Jap. 6% Ster. Loan. 1924. 37-1/2
Chrysler Corpn
Ger. 7% Intl. Loan, 1924
9
Colts Patent Fire-ArmLS
85*
Remington Arms Co., Inc.
51*
Chartered Bank
Columbia Gas & El.
71
Republle Steel
261
H.K. S'ha! Bank (Ldn.
Columbia 6% "A" pl. .......
821*
Reynold Tobac. “9”
361
Regi
74
Commercial
46)
'Richfield O⇓
H.K. & S'hal Bank Cul
Commonwealth & 8. (ord:) - 11
Safeway Stores
421*
Reg.)
76
C'wealth & 8. 6% cum pf.
68
Schenley Distillers
Chinese Eng. & Mining
Consolidated Edison
30
Schenley, 51% prd.
(bearer)
124
Consolidated Ou
81
Sears Roebuck
78
New York Cotton, Dec.
High
8,87
Chosen Corporation
3/9
Continental Can
464
Seversky Aircraft
5
New York Rubber, Dec.
10.50
19,50 19.65
Prev. To-day's Low Close Close Change
8.80 8.87 8.85 02 of 19.80 05 off
281
Shell Union Oil
141
Chicago Wheat, Dec.
83 82+
Pekin Byndicate
Continental Oil
What Elec., Constr. Co.
Corn Producta
60%
Socony-Vacuum Oll ...
134
Chicago Com, Dec.
407 491 50
82
831 83
1 off
491
? off
Bhai Waterworks “A”.
10
Curtiss Wright (C)
71
Southern Pacide
182
Winnipeg Wheat. Dec.
4 off
26-1
Union Insurance
18
Curtiss Wright "A"
Southern Rly $5 pfd.
314
New York Hides. Dec,
14.95
14,75
Gula Kalumpong Rubber
15/71
Deere & Co.,
237
Sperry
461
NEW YORK COTTON
Close
Opening
Closing
Allied Ironfounders .......
15/6
Distillers Corpn. Seagrams
141
Spicer Manufacturing Co.
27*
October
9.15/16
9.17/16
9.14/16
Asso. & Elec. Industries 34/9
Douglas Aircraft .........
761
Standard Brands
6
*December
8.85/87
8.87/86
8.84/85
Change
.01 off
.02 off
Austin Motors, ord:
17/6
Du Pont de Nemours
180
Stand Gas & Elec.
23*
January
8.76 N
-8.75b/786
8.74 N
.02 of
Cable & Wireless, New
Eagle Picher Lead
123
Standard Oil of California
281
March
8.65/66
8.64/65
8.84/84
Form, ord..
27
491
Eaton Mfg. Co.
Standard Où of NJ.
471
May
8.49/49
8.48/48.
8.45/45
B.-A. Tob. (bearer)
83/9
Elec. Autolite
37
Stone & Webster
121
July.
6.28/27
8.27/28
8.28/26
Mercantile Bank
P
104
Elec. Bond & Share
Swift International
31
Spot
9.17 N
9.16 N
2
Cammell Laird, ord.
6/9
Elec. Bond & Share $5 pt.
Technicolor
111
Mexican Eagle
5/3
Elec. Bond & Share $8 pf.
67
Texas Corps.
457
NEW YORK RUBBER
Courtaulds
27/3
Elec. Power & Light 57 Di.
321
feres Gulf Sulphur
351
December
19.65/65
19.50/50
-Distillers
-69/6
fintkote
174..
Trans-America--Co.
61–
March
18.50/50---18.45/40-
19.55b/60s 18.43b/45a
Dunlop Rubber
28/7!
Food Machinery Corp.
324*
20th Cent. For.
137
May
Gen. Electric (England) 67/9
Gen. American Trans.
591
20th Cent. Fox $ij pl.
24
July
18.326/35a 18.20/20 18.25. N.
18.25 N
18.20/20
Guinness (A) Son & Co
88 Hawker Siddeley Airc.... 15/4 Bristol Aeroplane
17/6 Imperial Chemical Ind. 29/14 Imperial Tobacco-
Marks & Sp'cer "A" ord. 48/9
Rolls Royce
¡Gen, Electric
40)
Union Carbide & Carbon
B9"
September
18.20 N 18.20 N
Gen Motors
532
Union Pacific
100*
Total sales for the day:-70 tons
Gen Railway Signal
2+
United Aircraft
431
General Tire & Rubber Co 213*
United Airlines Trans.
CHICAGO WHEAT
115
Gidden Co.
18
United Corpn.
24
December
831/63) 821/821
| Goodrich (BF.)..
211
United Corpn. $3 cum pf.
35
May
821/821
821/821
90
Goodrich $5 pi
United Gas Corpn.
24
July,
802/801
83/83 824/821 801/801
#
off
#
889
off
off
Leyland Motors
85/71
Goodyear Tire & Co.
274
United
Gas Improvement
14
Friday's sales:-15,134,000
bushell.
Tate & Lyle
Torner & Newall
50 72/9
Great Northern Iron Ore
18
U.S.. Industrual Alcohol
24*
Great Northern Riy, pid.
291
US. Rubber
41
CHICAGO CORN
United Steel
23/101
Great Western Sugar
31
J.B. Rubber $8 ́pid.
1073*
December
50/50
40/49)
49*/491
Smethwick Drop Forg....
14/6
Greyhound Corpn.
181
U.8. Steel
1:471
May
521/521
521/521
551/52
off
Armstrong Stevens, ord.
5/3
Hercules Powder Co.
391
Vanadium
384
July
53+/53)
521/527
Pressed Steel, com.
13/3
Homestake Mining
53
Warner Bros. Pict.
41
WINNIPEG WHEAT
Vickers, ord.
17/14
Industrial Rayon
27
Westinghouse Elec.
115
October
71ł b
70+/701
Woolworths
50/10/
International Harvester
85
Woodward Iron Cor.
29}
December
73 b
73/721
'Anglo-Dutch
24/9
Int. Nickel
381
Chase National Bank
354*
May
773/774
Tib
721 b -767b
555 $9
off
off
ofi
off
off
Rub, Plant, Invest. Trust
28/3
Int. Tel. & Tel.
51.
National City Bank
29*
Burma Corporation
8/9
Johns Manville
72
Walworth Co.
61*
NEW YORK HIDES
Commonwealth Mining..
December
14.79b/802
Marsman Investments... 11/3
⚫bid.
j-ex. div.
Randfontein Estates ....
35
March.................. 16.13/14 ·
June
15,41 N
Western Holdings
DOW JONES AVERAGE
Bub-Nigel
185
1 fi
1939.
Tanam! Gold Mining..
Hjd.
High
Anglo-Iranian .....
6173
Barmah
83/11
Low Dow Jones Averages 155.92 131.44 10 Industrials
35.90 24.14 20 BA
$7,07 20.71 10. Utilities
Oct. 15, 1938, ** Oct. 13, High Low Close 16083 150.73 15111 150.38 33 65 33.81 33.43 33.53 25.34 25.40 25.21. 25,31
NY Silver, Official 37-1/2 NY-London Cross Rate 3,98 pald
14.75b/92a 14.95b/99a 15,12/08 15.29/30 15.34b/41a 15.58/58
unquoted. 3.97-1/8
19 up 18 up 17" up
Change
Shell Trans. & Trad
...
92.11 2831 40 Bonds
89 78
(bearer)
85
60,53 45.69 11 Commorlity Index 55.53
89,71 56.38
.47 off 18 off .03 off .07 of .17 off
half November and 24.7/8 Decém-, was 1/2-1/24, unchanged ber,
*---Nominal
Business Done :--250,000 shares
Shanghai Dollars
327.
from
Saturday,
The Equalisation rate was 24-1/2 per cent.
HIDES: Packers' stocks are estimated to be fairly alzable but with shoe production rising little difficulty in absorbing those sup- piles is likely. Present outlook favours rising consumption of leather goods during remainder of year,
NEW YORK STOCKS: Previous close, 150.85 To-day's close, 150.38; Charge, Or 47.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S E. Levy & Company).
7146 701 14,803 14.99a 19 up
02 off
040
.01 off
.01 of
.05 of -05-aff :10 Off ..05 off
Lyons Sourabaya Malacca Sungei
Hamburg (Johore) "Tientsin
Bankow Mukden
Tokyo Harbin New York Taing.40 Hongkow Peiping Yokohama Iloilo
LUMPUR
KUCHING MADRAB
MANILA
MEDAN.
NEW YORK PIIPING
(Peking).
1
TAIPING TIENTSIN TONGKAR
(Bhuket)
TINGTAO
TOKOHAMA
FOREIGN EXCH1nde and Generat Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSIT received for. One Year or shorter perioda 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
:
CURRENT ACCOUNT opened in on application. LOCAL CURRENCY and FIXED DEPOSITS The Bank's Head Office London" received for one `yész or shorter undertakes - Exeoutor and Trușter periods in Local and other Cur-business, and claims recovery of rencies on tecus which will be British Income Tax overpaid, on terms. which may be ascertained at quoted on application.
Atao up to date SAFE DEPOBIT any of the Agencies and Branches. Boxes in various sizes To LET
R. A. CAMIDGE,
Manager. Hong Kong. 25th September, 1839. HONGKONG SAVINGS
BANK
THE CHASE BANK
16, QUEEN'S BOAD, CENTRAL
HEAD OFFICE:.
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain-An ed on application."
For the HoxNOKONG & SHANGHAI BANKING-CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb.. 1939.
BANK OF FAST ASIA, LIMITED
"
Authorised Capital.....$10,000,000,00 Paid-Up Capital......... 5,598,600.00 Reserve and Undivided
2,883,932.01
Head Office-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Bhouson Chow, Clenirmsa
Li Koon Chun, Baq, Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Po, Eag Chan Ching Shock, R. Fang Ping Wall Esq Kan Tong Po, Esq., Chief Manage Li Tse Fong, Esq., Manager.
Batavia Boxabay
Onlimite
Branches and Agencies
Haiphong
Kowloom Loodan
Kanila
Melbourne
Paname ****Hingapore
Bangoon
Bourabaya Satron Barstow
Bak Iran- Bydowy-
also Tabl Beastie Vancover
Hougang
Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities
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 CHASE NATIONAL BANK, NEW YORK, with Resources of over U.3.$2,900,000,500.
D. M. BIGGAR,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES 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 WEB.
Head Office: SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices:
CANTON
KONGMOON TOISHAN
KINGCHOW We also handle the issue of Bonds
Current Accounts opened in Local SWATOW Currency and Fixed Deposita e SHIUCHOW - ceived for one year or shorter periods in Local and Foreign Cup and other Public Funds of the terms which will be Chinese Government both at Home rencies quated on application.
and Abjad. BATE DEPOSIT BOXES TO LET.
SHOU J. CHEN, KAN TONG PO,
Chief Manager.
Manager.
Branches:
Amoy
Ipoh
Bangkok Batavia
Johore
Penang Rangoon
COLOMBO
DELKI
Kobe
Saigon
Bombay
Kowloon
San
Calcutta
Kuala
Francisco
HALFHONO HAMBURG HANKOW
Canton
Lumpur Shanghai
Chefoo
London
Singapore
Colombo Dairen
Foochow
Manila
Haipnong Muar
Patani Swaton
Profits
Amoj
Backre Homolair Kobe
Nagpaka New York
Pulping
00
(243/4 December, buyers at 23
sellers at 7.17/32 for Spot.
MONEY AND EXCHANGE
CLOSING QUOTATIONS] Bangkok:-
OCTOBER 16, 1939
On London
Telegraphic Transfer. 1/2 13/18
On demand Sterling Notes;-;-
Bank Buying Rate Jar Silver per os
Bank Bills, on demandi/a 13/16 Market Report
... Credits 4 months' sight 1/3 3/8
in Shanghali-
On demand
On Singapore:~
Un demand
On Japan:~
On demand.
On India:-
Telegraphic Transer. and demand
Un New York:-
316
52 1/8
FROM KOZA BROS
Shanghai Market, There were sellers of Sterling at
Cash, 24.15/16 November and 24.4.35/64 for Spot. U.S. Dollars,
7/8 December.
Shanghai Dollars
Opened with sellers at 325 and 1501/towards the close there were sell-
ers at 328...
1/4
23 1/2.
Shanghai Market
Sellers of Sterling were quoted early in the morning"at 435/84 for Spot rising subsequently to 4.37/64 The market closed with
silver prices were unchanged sellers at 4.35/64 for Spot. U.S. over the week-end, the quotations Dollars opened with sellers at remaining at 23.1/2 for Ready and 7.17/32 for Spot. Subsequently 223/4 for Forward, American
the rate rose to 7.19/32 and, closed at 27.1/2 for with sellers at 7.17/32 for Spot. 105 1/2 18uver was quoted 33
$82
Bank Bulls, on demand 24 1/2 Credits, 60 days' sight 26 6/8
Un Batavia:-
On demand · 48 1/4.
s".
Bank Bills, on-demand 1085 Credits 4 months' sight 1145
On Paris:
Un Saigon
On demand
Un Manlis:
On demand
107 1/2
Spot.
The London-New York cross-. rate was quoted at 402. New York- London was quoted at 397.1/8.
Dull,
were
Market
Sterling
Shanghai Exchange
INDO-CHINA
STEAM NAVIGATION COMPANY. ITA
Operating Services for Cargo and Passengers
SWATOW, SHANGHAL, TRINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
Shanghal Oct 16 (Reuter).
Ufficial T.T. Raten
Opening
London
New York
Japan
0/4 8-11/18 28-1/2
TO-
India Parlis Hongkong
22-1/4
2.93 20-5/8
Spot
Afternoon Market
Oct
Beller Opening Closing D/4-35/64 0/4-35/64 6/4-17/32 0/4-17/32
Quiet:
Nov.
0/4-20/84.0/4-29/64
Sterling
There were sellers at 1/3 Octo- ber/January and 1/2.31/32 Feb- ruary/March, buyers at 1/3.1/32 Cash and 173 February. U.S. Dollars.
Spot
Oct.
Nov.
7-1/2 7-11/32
SANDAKAN
HAIPHONG
No business was reported. There sellers at 1/3 October/ January and 1/2.31/32 February Some business was done at March, buyers at 1/3.1/32 Cash 24.15/16 for Cash and also for and 1/3 February
U.S. Dollars -
$7-17/32 $7-17/32
7-1/2 7-5/16
Market:Quiet.
Merchant Hate
Sterling, 0/4-17/37.'
US Dollars, $7-1/2.
Suver Duty: Hate
October. The market closed with Beliers at 24.7/8 October, 24.13/16- US, Dollars There were sellers at 24.15/16 November and 243/4 December, October, 24.13/16 November and buyers at 25 Cash, 24.15/16 arst rate on London at 10 a.m. to-day
For further particulars"
please apply to-~-
The Central Bank of China'sLEPHONE SOSILOGENERAL MAI
JARDINE MATHESON:
ER
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