1939-10-21 — Page 10

New York, October 19 (Router). Oct. 5

Oct. 10 (000's omitted)

.......... 45 3/8

Bills Bought

1,000

U.8. Securities held

1,785,000 85.26%

Federal Reserve Credit Outstanding

2,837,000

1,000 3,748,000

65.37% 2,817,000

Monetary Cold Stock

16,858,000

ขาย

Industrial Advance

11,841,000

16,997,000 11,787,000

49 5/8

Un Bangkok —

On demand

140 1/2-

Sterling Notes:-

Bank Buying Rate

..: 1/4

Bar Sliver det og.

29 13//i

STOCKS

Last Sale

Oct. 19

OCT. 20, 1939 STOCKS

Lust Sale

Market Report

Adams Express .......

.91

Oct. 19

Alleghany Steel Co.

.25] the

Kennecott Copper

101

Lakey Foundry & Mac,

31

441

Libbey-Owens-bord

Glass

532

94

Lockheed Aircraft

313

Loew's Inc.

331

115%

Manhattan Shirt Co.

14

34

Martin, Glen L

401

New York Cotton, Dec.

21

McKesson, Robbins

New York Rubber, Dec.

16*

257

Monsanto Chemical

Chicago Wheat, Dec.

108

361

Montgomery Ward

56

Chicago Corn, Dec.

28!

(at. Dairy Products

Winnipeg Wheat, 'Dec.

16

261

| National Aviation

New York Hides, Dec,

131

101

Nat. Distillers

NEW YORK COTTON

243

Marcet

Amer. Rolling Mil

50!

National Gypsum

December

101

Amer. S'ting and R'ing Co.

551

National Load

January

22

Sterling

Amer. Sugar Bing.

251

Nat. Power & Light

March

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

EXCHANGE

Or Singapore:-

On Japan:—

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

ה

COMMODITY MARKET REVIEW

London, "October 19 (Reuter).

Oct. 12

Oct 19

10,910

12.010

116.720

116,450

39,670

38,540

154.390

154,900

114310

107,540

Other

Becurities:-

Discount & Advance Securities

3,050

3,520

$1,700

23,250

316

Tota!

24,760

26,470

Notes and Coins.

45,940

50.000

(FROM PAYNE & CO.)

*52 3/4

Total Bullion ....

970

1,010

Notes in circulation

534,020

630,520

October 18

Radio of Reserve to Liabilities

106

Price" of Gold at which holdings are valued

27.45% 168/-

30.35% 12/-

SINGAPORE RUBBER

buyers sellers

New York. October 19,

October 19 buyers sellers

SPOT......

35-1/4

JAN.-MARCH

33-3/4

APRIL-JUNE

33-1/4

36 34-1/2 34

change up 3/4

CLOSING QUOTATIONS

OCTOBER 7, 1939

On London:-

Telegraphic Transfer e 7/8. Bank Bills, on demand/2 7/8 Credits 4 months' sight 1,3 1/18

On Shanghal:--

On demand

On demand

On demand

On India:--

Telegraphic Transfer. 8s 1/

and demand

-On New York:-

Bank Bills, on dermand 24 13/16 Credits, 60 days' sight 25 6/8

Un Batavia-

On demand

On Paris:

..

Bank Bills, on demand 1000

Credits 4 months' sight 1145

01 Salgen:-

On demand

Un Manila:--

On demand

Public Deposita Other Deposits ---

Bankers

Other Accounta Total

Government Securities

ported

3

FEDERAL RESERVE SYSTEM

-Federal Reserve Ratio

NEW YORK STOCK EXCHANGE

QUOTATION

"FROM ROZA BROS.

Silver prices dropped yesterday Allled Stores

to the extent of 1/8 for Ready Allis Chalmers

and 3/8 for Forward, the quota Aluminium Ltd

tions being 2213/16 and 21.13/16 Ameruda Corps................. respectively. Silver advices re-Ame. Can

quiet market with a American Cyanamid B small business done. The market Amer, & Foreign Power olosed quietly steady. American Amert & Foreign 37 pi.... "Silver was quoted at 38 for Spot. American Gas & Elec The London-New York cross- Amer. Locomotive date was quoted at 402. New York-Amer. Metals Co," Landon was quoted at 401.

Quiet.

Amer. Radiator

407

The market was irregular.

COTTON: There was a consistent foreign and domestic trade demand. "Spot" offerings were light and the basis was higher in the South. There was a good demand for actual hedging. Cotton goods sales for the past two week were encouraging,

RUBBER; Speculative activity on apprehension as to the dis- ruption in shipments to the United States from the Near East. coupled with growing industrial demand are reflected in outstanding.. strength in rubber prices. Tire shipments in September were higher than a year ago. Inventories probably increased in anticipation of good foreign demand.

WHEAT: The market is marking time pending further develop- ments of the weather conditions in our West and South-west

SATURDAY, OCTOBER 21, 1939.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital.. $50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1855

Paid-Up Capital £6,500,000 Reserve Fund.....

Reserve Funda:

Sterling

Reserve Liability of

Proprietors

£3,000,000 ....£3,000,000

£3,000,000

H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-

prietors

HEAD OFFICE: LONDON:

..$20,000,000

Head Office:-HONG KONG

Board of Directora: Hon. Mr. A. L. Shields,

W. H. Lock, Esq.

Chairman.

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, E. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

Chief Manager.

Branches:

38, Bishopsgate E.C.z. Sub-Agencies in London; 117/199, Leadenhall Street, E.C.2 West End Branch: 14/16, Cockspur Street, S.W.1."

Manchester Branch: 32, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

ALOR STAR AMRITEAR

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

HARBIN TONG LÒNG ILOILO IPOR KARACHI

KLANG

AGENCIES: KOE CLITE STREET KUALA FAIBLIK PLACE

CANTON

CAWNPORE ✡ISU COLOMBO

Amoy Ipoh Bangkok

Batavia

Johore Kobe

Penang Rangoon Saigon

DELHI

HAIPHONG

Bombay Kowlooti

San

■!

Calcutta Canton

Kuala

Francisco

HAMBURG HANKOW

Lumpur Shanghai

Chefoo

London

Colomb

Lyons

Dairen

Malacca

Foochow Manila

Sungei

Patani

HIDES: Prices have shown no significant change. The statistical position remains favourable, and there is no change in the optimistic outlook for shoe sales. Seasonal factors, however, may limit the rapidity of price-advances,

NEW YORK STOCKS: Previous close, 153.54: To-day's close. 153.36; Change, off 18.

NEW YORK. COMMODITY MARKET

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

494

Hamburg Bankow Harbin

Singapore Sourabaya

Haiprong Muar Swatow

(Johore) Tientsin Mukden Tokyo New York Tsing do

Yokohama Hongker Peiping Iloilo

on

LUMPUR

TECHING

MADRAS

MANILA

MEDAN

NEW YORK PRIPING

(Peking)

PENANG

BANGCON SAIGON

SERRUDAN

SHANGHAL

SINGAPORE

SITIAWAN

BOURABAYA

TAPPING TIENTSIN TONGKAЯ

(Bhuket)

TSINGTAO

YUKOHAMA

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

CURRENT AccoNTs opened in LOCAL CITBRENCY and FIXED DEPOSITS The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustes periods in Local and other Cur business, and claims recovery of rencies

terms which will be British Income Tax overpaid, on quoted on application.

terms which may be ascertained at Azan up to date EAFE DEFOBIT any of the Agencies and Branches. Box in various sizes To LET

R. A. CAMIDGE,

Manager.

+

W

20.60

881

85!

501

15.45 15.15

Close-

Opening

Prev. To-day's High LAW Close Close Change

9,02 8.92 8.95 9.01

.06 up 20.37 20.45a 20.59 .14 up

85% .854

# of 501 497

off -71fb 712 $ off .12 off Change

15.29 15.17

Hong Kong, 25th September, 1939.

Closing

8.94/95

8.92/93

9,00/01

.06 пр

8.90/90

8.88/88

8.95 N

HONGKONG SAVING'S

.05 up

8.80/80

8.78/78

8.86/88

.08 up

Nothing dong. There were sell- ers at 1/3 October/first

Amer. Tel & Tel

1652

National Steel Corp.

..May

8.67/68

8.67/86

8.70/78

.08

774

week

Amer. Tobacco "B"

801

Nat. Supply Corpn.

July

8.49/50

8.49/49

8.58/58

.08

February and 1/2.31/32 February! March, buyers at 1/3.1/32 Cash and 1/3 February.

Amer. Waterworks

132

New York Central

211

Spot

9.92 N

9.23 N

.06

Anaconda Copper

34

Niagara Hudson Power

July (New contract)

8.68 N

8/72 A

8.76 N

.08 up

8

ULS Dollars

Atchison, T. & S. Fe, Auburn Motors ....

321

N. American Aviation

NEW YORK RUBBER

24금

North American Co.

December

20.40b/45a .20.40/40

20.50/59

.14 up

23

Jellers at 25.1/16 Cash, 25 Octo-Baltimore & Ohl ber, 24.15/16 November and 24.7/8 Sarber Asphalt Co 25.1/18 November and 25 Decam-

Barnsdall Ol

72

Northern Facitiv

March

18.88/90

18.94/05

19.09/10.

20

113

171

Owens-linols Glass Co.

May ......

18.61 N

18.73/74

67

July

18.58/58

18.70/68

15

Pacific Gas & Elec.

30

December, buyers at 25.1/8 Cash.

Bendix Aviation

301

Paciic Lighting

September

unquoted

16.74b/75a .14 18.70/70 unquoted,

.12 up

4671

per.

Bethlehem Steel

912

Packard Moturs

Total sales for the day:-2.150 tons

31

ક

CHICAGO WHEAT

Shanghai Dollars

18

Paramount Pictures

Bliss & Co.

December

J22.

Boeing Airplane on

291

Pennsylvania R.R.

281

Shanghal Market

Borg-Warner

234

Phelps-Dodge

May

443

July

Sellers of Sterling for Spot at Biggs M'facturing 4.39784.

243

Phillips Petroleum

851/851

844/847

821/83..

851/851

851/851

847/847

84/841

821/821

#

451

Brooklyn-M'hattan Trans.

111

Pittsburg Coke & Iron

101*

Wednesday's sales:-18,417,000 bushels.

421

Fublic service of NJ.

CHICAGO CORN

40

Afternoon Market

3'klyn-M'hattan $8 cum pf. Canadian Pacific R'way.

December

-6!

Pullman Inc.

5047501

501/50

497/491

381

83

Pure Of...

May

53+/534

53/523

524/521

The market was extremely quiet Case. J.I

92

July

541/541

281

Radio Corpn. of 'Am.

53/534

# off

G

in the afternoon.' '

Celanese

The market closed with sellers

and

U.S. Dollars

1 26.1/16 Cash,

Sterling

st 1/3 October/first week February

1/2.31/32 February/March, Columbia Gas & El. buyers at 1/3.1/32 Cash and 1/3 Columbia 8% “A” pf, February.

The market closed with sellers wealth & S. 6% cum pt.

25 October," 24. Consolidated Edison

15/16 November and 24.7/8 De-Consolidated Oll cember, buyers at 25.1/8 Cash, Continental Can 5.1/16 November and 25 Decem- Continental Oil

Chesapeake & Ohle Chrysler Corpn

431

Reading Company, Com

WINNIPEG WHEAT

201

911

Reading Company, 1st pfd

October

71;b

711/711

28

December

Colts Patent Fire-Arma

B9

Remington Arms Co., Inc.

73jb

731/734

-721b

+ off

55

71

Republic Steel

May

771b

TIZA

unch.

271

821

Reynold Tobac. "B"

NEW YORK HIDES

361

December

15.29/29

Commercial...

471

Richfield Of

83

March

15.57/57

15.45/45 15.70/65

15.17/17

12 off

15.44/46

.11 off

Commonwealth & 8. (ord.)

11

Safeway Stores

46!

June

15.85b/90a

15.90b/79

70

Schenley: Distillers ......

142

NY Silver. Oricfal

38

30!

Schenley. 5% pfd....

67

NY-London. Gross Rate 4.00

81

Sears Roebuck

811

49

Seversky Aircraft

5+

28!

Shell Union Oil

141

621

ber

Corn Products

Socony-Vacuuru Ou

14

Shanghai Dollars

Shanghai Market

&

Curtiss Wright (C)

Southern Pacific

171

23.

Curtiss Wright "A"

Southern Rly. 55 ptd.

35

25

Deere & Co..

Sperry

501

ነ ..

Sellers of Sterling for Spot at Distillers Corpn. Seagrama 4.39484.

151

Spicer Manufacturing Co.

30 */

Douglas Aircraft

841

Standard Brands ......

buyers sellers

想 TIN Standard, Cash 230

*

1821

Du Pont de Nemours.

Stand Gas & Elec.

Standard,

13

Shanghai Exchange

Eagle Picher Lead

Eaton Mfg. Co.

281

Standard Oil of California

Standard Ou of NJ.

Shanghai, Oct. 20 (Reuter).

387

Eec. Autolite

Stone & Webster

131

91

Official T.T. Rates

Elec. Bond & Share.

Swift International

London .....

Opening 0/4

Elec. Bond & Share 35 pf.

59

Technicolor

Elec. Bond & Share $6 pt.

Texas Corpn.

New York

Japan

India

6-11/15

Elec. Power

Light $7 pf.

321

Texes Gulf Sylphur

28-1/2

Funtiote

19

Trans-America Co.

22-1/4

Food Machinery Corp.

| 20th Cent. Fox.

482

Parig

2.93

Gen. American Trans,

20th Eent, Fax. $14 pf.

414

Hongkong

28-5/8

Gen. Electric

| Union Carbide & Carbon

Bellers

Gen. Motors

542

Union Paciic .....

Opening Closing

Gen. Railway Signal

.23*

United Aircraft

Spot

0/4-18/32 0/4-39/04

General Tire & Rubber Co 231

United Airlines Trans,

Oct.

0/4-97/64 0/4-39/64

Glidden Co. .....

197

United Corpn.

Nov.

0/4-33/64 0/4-35/64

Goodrich (B.F)

U.8. Dollars

Spor $7-11/16 $1-23/32 Oct....... 7-21/32

Nov.

7-1/2

Market:--Quiet but steady.

Merchant Bate

Sterling, 0/4-9ƒ10, US Dollar8, $7-9/18.

Calcutta Exchange

Calcutta, Oct. 19 (Reuter),

T.T. on Japan; 78-3/4.

New York Exchange.

New York, Oct. 19 (Reuter). TT. on London (Opening' Rate), 4.00-5/8

India Rupee Pajer

Bombay, Oct. 19. (Reuter). Govt. 31% Rupec, 64-08-0

Int. Tel. & Tel.

Goodrich $5 pl

671

United Gas Corpn.

Goodyear Tire & Co.

283

United Corpn. #3 cum pf

United Gas Improvement 13

Great Northern Iron Ore

18

US., Industrual Alcohol

7-11/16

Great Northern Rly, pid.

312

US. Rubber

『Zཨྰཿཀྰབྷཏྟཱ།སྭཱབྷཎྜཝནྟ ྤd8ཡོ

3 months 230.

TO-

_'t

+7-9/10.

Great Western Sugar

324

US. Rubber 58 d.

1681

|Greyhound Corpn.

167

US. Bleel

Hercules Powder Co.

90

Vanadium

Homestake Mining ....

53

Walworth Co.

61*

industrial Rayon

Warner Bros. Pict

4

and TIENTSIN

BINGAPORE, PENANG and CALCUTTA

International Harvester

641

Westinghouse Hec,

118

int Nickel ...

:: 383

Woodward Iron Cor.

SANDAKAN

HAIPHONG

Johns Manville

51 791

Chase National Bank National City Bank

37 * 291*

3. & Laughlin Steel #7 ptd.: 18k

.*-bid

1-mex, div

DOW JONES AVERAGE

For further particulars

-please apply tom

1939

High Low Do Jones Averages

156,92 121.44, 30 Industriala

·Oct. 20, 1939, Oct. 18, High Low Close 103.54 154.42 159.78,153,39

Chanca

25.00 24.14 20 Railr

34.51

35.11 34.60 3471

18 off 20 up

27.07 20.71 30. Utilities

$6.75

26 99 26 69 26.5

10 up

-92 22° 80.51 40 · Bonds

A029

90.39

10 up

6053 45,50 11 Commodity Index 58.17

56.82

.16 up

104

LONDON METALS

EXCHANGE

London, Oct, 19 (Renter).

15.75b/800 .10 oft

BRITISH CONTRABAND

SEIZURES

LONDON, Oct. 20 (Reuter)- Trade

negotiationS between Britain and Belgium are to be re- sumed on Monday. They chiefly unquoted concern the release of merchandise which the British Contraband Control has seized as possible re- The resumption of dealings in exports to Germany,

unquoted

Copper, Lead and Spelter is foreshadowed by the Ministry of Supply's approval of the Meta!! Exchange's proposals for settling open contracts. outstanding with neutral clients..

LONDON GOLD

London, Oct, 19 (Reuter." Bar Gold, Fine per oz., 168.

BANK

THE CHASE BANK

The Businces of the above Bank 18, 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... 1939.

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$10,000,000.00 Paid-Up Capital

Reserve and Undivided

3,698,800.00

Head Office:-HONG KONG No. 10 Des Voeux Road, Central.

Board of Directors: `-

Sir Shonson Chow, Chairman

Li Koun Chun, Esq.

་

Li Lan Sang, Esq. P. K. Kwok. Eng. Wong Chu Son, Esc Wong Yan Tong, Esq. Kan Ying Po, Esq. Chan Ching Shok, Esq. Fung Ping Wah Esq

Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.

Branches and Agencies:-

Kowloon Kanna

London

Singapore Rangoon Bounty's Saigon Bwałow Melbourne San Fran- Bydney

cisco Tiantan Seattle Tancouver Semarang Shangha

Palpizz

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 THE CRABE NATIONAL BANK, NEW YORK, with Besources of over U.S.$2,900,000,000.

D. M. BIGGAB,

Second Vice Pres

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT .OF CHINA AS AN INTERNATIONAL EXCHANGE

۱۰

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 *o 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:

Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter perioda in Local and Foreign Car- CANTON rencies on terms" which will be

SWATOW quoted on application.

SAFE DEPOSIT Boxes To LET.

KAN TONG PO,

Chief Manager.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFO0

KOBE and OSAKA

JARDINE MATHESON&Co.,LTD. TELEPHONE ZOSIL · GENERAL MANAGERS

SHIUOHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chines Government both at Home and Abroad.

ZHOU J. CHEN,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head ofce-15, Gracechurch Street, Londen, EC3 Authorised Capa

Subscribed Capital .. Paid-up Capital

Reserve Fund and Best.

*

BANKERS:

£23,000,000

£1,800,000 #1060,000

The Bank of England and Midland-

Bank, Ltd. BRANCHES:

Bangko Jpok

Bombay Calou

Jaffer

Kuantan

Colomho

Delhi, Galle Hongkong

Howrah

Kand

Karschi

Kota Bharu

Kasia. Lipie

Kuale Trenxgvon Sindra

New York

KAMBOD

Shanghai

Hi

Knala Lumpur Singaporn HONG KONG BRANCH:

Every description of Banking and Kanbange business transacted. ??)

Terrallara Choquin Land,

TRUSTEE AND EXECUTORSHIP

UNDERTAKEM.

GORRENT" 4000URTS 'opened in Low Car rency and FIXED DEPOSITs escaired in Local Curry, SEHLJNO & U, 8, DOLLARS pa‘Love that only be moertalsed on application.

D. BENSON,

קנן

$35.8 858

up

off

off

off

30

Profits

2,883,832.01

off

off

Amor

Balarla

Bombay

Maria

Calcutta

Halpbang

Bankow

New York

ilonolulu Kobe

Paris

Business Done:-1,160,000 shares

Page 10!