1939-10-23 — Page 10

..

The market was easier,

COTTON: The bullish ideas of the favourable Washington news such as the financing system outlined by the Reconstruction Finance' Corporation in order to stimulate exports, and to expand domestic consumption were reflected in higher cotton prices. The expert-sub- sidy will be aimed to bring exports up" to a minimum bales. The tight situation in Spot cotton and the prospects of higher. of 6,000,000 mill wages continue to be the chief price substaining infitences. -- '

RUBBER: The ability of the world to absorb the increased ton- nage resulting from an increase of 5 per cent. in this quarter's quota is being closely watched.

WHEAT: The drought localities, previously mentioned are now becoming a market factor.

NEW YORK STOCKS: Previous close, 153:00; To-day's close. 153.88; Change, up 86,

YORK COMMODITY MARKET

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

MONDAY, OCTOBER 23, 1939.

BANKS

+

HONGKONG & SHANGHAI THE CHARTERED, BANK, OF

Head Office:--HONG KONG

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

W. H. Lock, Esq.,

Chairman.

Deputy Chairman. J. K. Bousfeld, Esq., A. E. Compton, Esq., Hon. 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.

Amoy

Batavia

Chief Manager.

Patani

Hongkan Peiping Yokohama

38, Hisbapagato B.C... Sur-Agencies In London: ' 117/12, Leadenhall Street, E.0.3 West End Branch: 14/16, Cockspar Street, B.W.1.

Manchester Branch: 52, Mosley Street, Manchester, 2.

www.

AGENCIES AND BRANCHES: ALOB STAR HARDIN PINANG AMBITSAX HONG KONG RANGOON

BANGKOK BATAVIA BOMBAY

ILOILO

ПРОД KARACHI ILANG

CALCUTTA

AGENCIES, HOME CA Braz KUALA PAILLE PEACE

CANTON

DAWNFORE

LUMPUR

* XVORING

MADRAS

MANILA

MIDAN

NEW YORK PEIDING

(Peking)

B41008

SEREMBAN

SILANG BAT

SINGAPORE SITIAWAN

SOUZABATA..

TAIPING

* TIENTSIK

TONGIAR

(Bhuket) TEINGRAD

YOKOBAHA

FORSION EXCRange and General Banking Business transacted.

CURRENT ACCOUNT opened and FIXED DEPOSITS received for One Year or shorter periods in Losal 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

CORENT ACCOONTS opened in on application, LOCAL CURRENCY and FIXED DEPOSITE

on

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 claime recovery of rencies

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

terms which may be ascertained at ALSO up to date "Ean Der any of the Agencies and Branches. Boxes in various sizes To- LET

R. A. CAMIDGE,

Manager.

LI

QUOTATION

Last Sald Oct, 21

253

KenDecots Copper

101

Lakey Foundry & Mac.

44}

LIDDey-Owens-Foru

94*

Lockheed Aircraft

-

Loew's Inc.

1143

Manhattan Shirt Co..

£

War Loan, 34% Red

after 1952) Canton-Eloon Rly. 5% 9

American Cyanamid B. Amer. & Foreign Power

344

Martin, Glen L

22.

McKesson, Robbins

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

LONDON STOCK EXCHANGE

(RKUTER'S SERVICE)

Landon; Botohor 20.

The following quotations are the middle prices at the close of the market in London. All quotafions; are subject to confirmation and no responsibility is assumed for errors in transmission.

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express Alleghany Steel Co. Allied Stores Allis Chalmers

Aluminium Ltd Amarada Corps. Amer. Can...........

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

· October 22, 1939"

Ятоска

QoL, 21"

41;

31

Giass

54

92

BANKING CORPORATION

INDIA, AUSTRALIA AND CHINA

Authorised Capital $50,000,000 |

$20,000,000

Issued & Fully Paid-Up $20,000,000 corporated by Royal Charter, 1859 Keserve Fanda:

Sterling £6,500,000 Reserve Fund

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

prietors Proprietors

HEAD OFFICE: LONDON:

£3,000,000

.£3,000,000

....£3,000,000

33

151

40

163+

011

AmeriForeign $7 pt....

28

Monsanto Clement

108)

American Gas & Nec .....

361

Chinese 41% Gold Loan

Montgomery Ward

567

1898 (Brit. Issue)... Chinese 5% Gold Bonds.

40

Amer. Locomotive

271

at Dairy Products

131

SINGAPORE RUBBER

Amer, Metals Co.

261*

National Aviation .......

154

SPOT

"1925-47

30

Amer. Radiator

102

Nat. Distillers

251

JAN.-MARCH

Chin. 44% Anglo-French

Amer, Rolling Mil3 ......

201

National Gypsum

101

APRIL-JUNE

October 20 buyers sellers 36-1/2 35 34-1/2

New York October 21: October 21

buyers

sellers

ין

36-1/4

change of 1/i

34-3/4

34-1/4

Loan, 1908

30

Amer, Sting and R'ing Co.

541

National Load

22

Chinese 5% Crisp Loan.

Amer. Sugar Ring

Nat. Power & Light

18

1912.

171

Amer. Tel & Tel

186)

National Steel. Corp.

781

Chinese 5% Reorg. Loan.

1913 (Lan, Is.)

Amer. Tobsc00 "B" ...

81

Nat. Supply Corpn.

117

Amer. Waterworks

131

New York Central

217

Chinese 8% Ster, Notes,

anaconda Copper

337

Niagara Hudson Power.

8

1925 (Vickers)

6

Atchison, T. & 8 Fe.

32

N. American Aviation

251

Chin. Imperial Rly. S%

Auburn Mators...

North American Co.

23

Loan

143

Baltimore & Ohio

7

Northern Pacific

112

Honan Rly. 5

10

Barber Asphalt Co

183*

Owens-Blinois Glass Co.

663

Hukuang Rip 5%, 4911

11

Barnsdall Of ......

147

Pacific Gas & Elec.

31

Bukuang Rly. 5% 101

Bendix Aviation

30

Pacific Lighting

461

(German Issue)

11

Bethlehem Steel

911

Packard Motors

37

Long Tsing & U. Hai Rly

Bliss & Co.

174"

Paramount Pictures

7

-5% 1913

Bueling Airplane Co.

291

Pennsylvania R.R.

251

S'hai-N'king Rly, 5%.

11

28

Borg-Warner

Phelps-Dodge

441

Tientsin-Pukow "Rij. 5%

Biggs Mfacturing"

25

Phillips Petroleum

451

(Brit. Sipd.).

9

12

Brooklyn-M'hattan

Trana.

Pittsburg Coke & Iron

10*

Tientsin-Pukow Rly 5%.

424

Public Service of N.J

401

8'klyn-M'hattan $8 cum pr.

NEW

(German Stpd.)

51

Pullman Inc.

331

Canadian Pacific R'way....

Tientsin-Pukow Rly. 5%

(Brit. Stpd. Supi. Loan Tientsin-Pakow Rly. 6% (Ger. Stpd. Supi. Loan) Jap. 5%. Ster, Loan, 1907 361 Jap. 4%. Ster. Loan, 1924 421 Ger. 7% Intl. Loan, 1924 9 Chartered Bank

82

Pure Oil

Case. J.L

9

27

Celanese

Radio Corpa, of Am. ..........

431

Chesapeake & Oblo

Reading Company, Com:

191

9

91

Chrysler Corpn

Reading Company, 1st píd

*20*

Colts Patent Fire-Arms

Remington Arms Co., Inc.

31*

New York Cotton, Dec.

Columbla Gas & M

71

Republic Stee!

271

Columbia 6% "A" pl.

813--

Reynold Tobne. "3"

372

New York Rubber, Dec. Chicago Wheat, Dec.

20.40 20.27

20.27

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

9.01 8.01

8.93

8.99 ,08 up 20.39

Branches: Ipoh,

Penang

COLOMBO

Bangkok Johor

Rangoon

DILI

Kobe

Saigon

Bombay

Kowloon

San

Calcutta

Kuala

Francisco

KAIPHONG BAMBURO HANKOW

Canton

Lumpur Shanghai

Che foo

London

Singapore

Colombo Dairen

Lyons

Sourabaya

Malacen

Sungei

Foochow Manila

Heippony Maar

Swatow

Hamburg

(Johore)

Tientsia

Bankow

Mukden

Tokyo

Harbin

New York

Tsing 40

Iloilo :

12 up

851

842

841

85

i up

.......

71

48.

Richneld OLI

Commercial

B1

Chicago Corn, Dec;

191 481

481

49

i up

H.K. & S'hat Bauk (Ldn

1

Commonwealth & 8."(ord.)

Safeway Stores

461

Winnipeg Wheat, Dec.

704b

707

up

Regi

74

691

H.K. &. S'ha Bank (Col

Cwealth & S. 8% cum pt.

Schenley Distillers .

New York Hides, Dec,

14.99

14.86

14.80b 15,87

:07 up

301

Consolidated" Edison

8chanley, 51't. píd

821

NEW YORK COTTON'

Close

Opening

Closing

Change

Reg.)

75

Chinese Eng. & Mining.

Consolidated Ou

81

Sears Roebuck

82

December

8.91/03

8.92/91

8,98/99

48

- (bearer}

13/9

Continental Can

Seversky Aircraft

January

8.85 N

unquoted

8.91 N

281

.06 up

Continental Oll

Shell Union Ull

141

March

8.77/78

Chosen Corporation

8.76/77

"B.85/86

5/8

Pekin. Syndicate

Corn Products

821

.08 up

Socony-Vacuum Oil

14

May

8.66/67

8.69/69

8.76/76

.09 up

&

S'hal Elec. Constr Co

Curtiss Wright (C)

Southern Pacific.

171

July

8.48/48

8.51/50

8.57/58

.10

28

up

Shal. tomborg?

10

Curtiss Wright "A"

Southern Rly $5 pfd.

342

Spot

9.19 N

9.26 N

25

.07 up

Union Insurance

Deere & Co.

19

Sperry

50

July (New contract)...

8.68 N

8.71/71

8.77 N

.09

up

Gula Kalumpong Rubber 16

Distillers Corpn, Seagrams

154

Spicer Manufacturing Co,

301

831

NEW YORK RUBBER

Allied Ironfounders "".

Douglas Alrcraft

15/7

Standard Brands

51

182)

December

Asso. & Elec. Industries

36/9

Du Pont de Nemours

Stand Gas & Elec..

20.25/27

14

Austin Motora, ord.

18/9

Eagle Picher Lead ..

Standard Oil of Califomia

281

March

18.92/95

Cable & Wireless, New

Eaton Mig Co.

281

Standard O11 of NJ

481

May

18.50br55a

20.25b/353 18.80/87 18.45b/55a 18.59/80

20.38/39 18.88/02

.12 -up

.03 off

.05 up

Form, ord.

39

Elec: Autolite

391

Stone & Webster

134

July

18.90 N

18.45a

18.43b/45a

.45 of

B.-A. Tob. (bearer)

63/9

Elec. Bond & Share

94

Swift International

321

September

unquoted

unquoted

Mercantile Bank

Elee. Bond & Share $5 pt.

101

Technicolor

.11*

Total sales for the day:-310 tons

!

Cammell Laird, ord.

€/9

Elac Bond & Share $6 pf.

694

Texas Corpn.

47+

CHICAGO WHEAT

Mexican Eagle

.5/10/1

Elee. Power & Light 57 pf.

347

fexes Gulf Sulphur

381

December

Courtaulds

Flintkote

21

28/8

Trans-America Co.

61

Mny

Distillers

90/9

Food Machinery Corp.

20th Cent. Fox.

.131

July

59

Dunlop Rubber

27/41

Gen. American Trans.

་

20th Cent, Fux. $14 pt.

24

Friday's sales:-12,200,000 bushels.

Gen. Electric (England)

72

Gen. Electric

414

Union Carbide & Carbon

891

54%

CHICAGO CORN

Guinness (A) Bon & Co.

86/3

Gen Motors..

Union Pacific

103

23

84+/841 847/85

853/85)

up

832/837

841/841

843/841

1

up

32/82)

931/831

1

up

Paid-Up Capital.........

· 5,698,600.00

2,683,932.01

Profits

Hawker Siddeley Alrc.... 15/44

Q Railway Signal

United Aircraft

481

December

482/487

483/482

49/421

up

Bristol Aeroplane

17/41

General Tire

Rubber Co

231

United Airlines Trans.

117

May

20

Imperial Chemical Ind. 29/6

Glidden Co.......

United Corpn.

21

July

512/514 511/511 52+/52

52/511

up

523/523

כט

Imperial Tobacco

112/0

Goodrich (B.F.)

221

United Corpn. $3 cum. pr.

361

WINNIPEG WHEAT

น

Marks & Spicer "A" ord

49/41

Goodrich $5 pf

662

United Gas Corpn.

24

281

October

Rolls Royce

Goodyear Tire & Co.

93/9

United Gas Improvement 14-

70jb

Leyland Motors

36/101

Great Northern Iron Ore ...

1831

December.

Reublic Aviation

51

Tate & Lyle".

60/6

Great Northern Rly, pid. 31

U.S., Industrual - Alcohol.

251

May....

Taja 673/77

821/72)

70707 721b 771/77

up

קטן

1 up

321

Turner & Newall.

7319

Great Western Sugar

US. Rubber ............

434

NEW YORK HIDES

United Steel

22/71

Greyhound Corpn.

171

US, Rubher $8 pid.

1081

December

Smethwick Drop Forg....

14/6

Hercules Powder Co.

90

U.S. Steel

778

March

14.75b/80a 15.08/08

Armstrong Stevens, rd

5/3

Homestake Mining

53

¡Vanadium

38

June

15.38 N

14.90/86 15.15/19 15.38b

Pressed Steel, com.

Industrial Rayon

Walworth Co.

14.

NY Silver, Official

35-3/4

Vickers, ord.

17/6.

International Harvester

654

Warner Bros. Pict......

14.86b/87a 07 up 15.19/10 .11 up 15.50/50 .12 up unquoted 4.01

Woolworths

Tht. Nickel

.281

5713

Westinghouse Elec.

Catarin Soba

Anglo-Dutch

'nt. el. & Tel.

51

28/3

Woodward Iron Cor.

Rub. Plant. Iovest, Trust 30/11

Johns Manville

79+

Burma Corporation ......

1. & Laughlin Steel $7 pfd. 80

9

Chase National Bank National City Bank

notala

Kobs

Commonwealth Mining..

Marsman Investments... 11/10

Randfontein Estates

35/7

*-bid.

t-mex dir.

Western Holdings

8/3

DOW JONES AVERAGE

Sub-Nigel

100

1039

Tanami Gold Mining.... 3d

Anglo-Iranian

61/3

Burmah

64/45

High

Bow Dow Jones Averages. 155.02-121 44 30 Industrials

25.90 24.14 20 Raila

Shell Trans. & Trad

$7.07 2071 20 Utilit 99 12 86.51 40 Bonds

25.89" 90.31

Oct. 22, 1938, Oct. 20, High Low Close 153 00 154.06 15311 153.88 34.68 34 88 34:56 3478 26 11 25.95 26.05

Changs

Nov. 4 Settlement

88 up

Dec. 5 Settlement

58-14 58-14 59-02

20) up

*{bearer)

84/44

160.53 44.69.11 Commodity Index 55.94

90.31 55.99

1.16 up .10 ug .02 cff

-Nominal

Business Done :-540,000 shares

Shanchai Exchange

EXCHANGE

On-demand Sterling Notes:-

149 1.2

318.

23 1/8

MONEY AND

CLOSING QUOTATIONS on Bangkok:---

OCTOBER 21, 1939

On London:-

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

On Shanghai:

On demand

On'. Singapore:

315

Bank Buying Rate 1/4

Bar Silver per oz.

Market Report

US Dollars

There were sellers at 25.1/16 Cash and 25 November, buyers at 25.1/8 Cash and 25.1/18 November. Shanghai Dollars

Shanghai Market Opened with sellers for Spot at 4.39/64 and towards the close there were sellers at 421/32 for Spot. U.S. Dollars, sellers at the opening were quoted at 7.23/32 tor. Spot: Silver prices were unchanged and at the close there were sellers yesterday, the.

FROM RÓZA BROS.

1: demand

On Japan:-

On demand...

On India:-

Telegraphic Transfer.

and demand

On New York:-

02 3/4

108

21.13/16 for Forward. Buyer ad-

quotations re-at.7.25/32 for Spot.... ma'ning at 2213/16 for Ready and

vices reported the market as being Calcutta Exchange steady. Offers were small. The

89 1/market closed with buyers at the quoted rate. American Biver was quoted at 353/4 for Spot.

* Bank Billy, on demand 24:13/16 Credits, 60 days','aight 20 3/8

On Batavia

45 5/8

On-demand

On Paris:-

Bank Bills on demand 1:90

! Credits 4 months" sight 1145.

On demand

Am Manila; m

On demand

108

40.0/8

The London-New York cross

rate was quoted at 402. New York- London was quoted at 4015.

Featureless,

Market

Sterling There were sellers at 1/3 Octo-

ber/January and 1/231/32 Feb jruary/March, buyers at 1/31/32

Cash and 1/3 February, kom!

Calcutta, Oct 21 (Reuter). TT on Japan, 78-3/4...

New York Exchange

New York, Oct. 21 (Reuter). TT on London (Opening Rate). 4.00-7/8

India Rupee Paper

· Bombay, Oct,:21:(Renter), dort. 34% Rupee, 84-06-0,

NY-London Cross Rate 4.01

SILVER MARKET

Bombay, Oct. 21 (Reuter). Market-Quiet but steady. Oп- take 50 bars.

Indian Mint Silver Ready....

Shanghai, Oct, 21 (Reuter).

| Official T.T. Bater

Opening 0/4

6-11/18 28-1/2 22-1/4

.06 up

BIG INDUSTRIAL CONCERN

CHUNGKING. Oct. 22 (Central) -Leading industrialists here are organising s big concern for in- dustrial enterprises. It will be called the An Ta Industrial Cor- poration, and will be capitalised at $1,000,000, Mr. Shih Chu-hidden has been elected chairman of the board of directors, and Mr. Ho Ta- chow general manager.

Hong Kong, 35th September, 1939.

HONGKONG SAVINGS

BANK

The Busin. as of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules may be obtain.

d on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb.. 1939.

BANK OF EAST ASIA, LIMITED

Yuthorised Capital......$10,000,000.00

deserve and Undivided

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

Board of Directors:

Bir Bhouson Chow, Chairman

Li Koon Chun, Esq.

Li Lan Sarg, Eng. P. K. Kwok, ÉST, Wong Chu Son, Exq. Wong Tan Tong, Esq. Kan Ying Pa, Beg. Chen Ching Shek, Esq. Fung Ping Wab Eng Kan Tong Po, Esq., Chief Manager. Li Tee Fong, Esq., Manager.

Branches and Agencies :----

Elaphong Banka

Howloos

Patte Sngapore Londay Fangoon Banabaya Mardia Ralgen Bestow Hathras Ban Fran- Bydney Nagraks

disco Tants New York Battle Tanoeuver Paris

"Bemarang"

Shanghal

THE CHASE BANK

16, QUEEN'S ROAD, CENTRAL HEAD OFFICE:

18, PINE STREET. An American Bank offering com- NEW YORK. plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.

SAFE DEFOSIT BOXES.

L

This Bank is entirely owned by TEE CHABE NATIONAL BANK, New York, with Besources of ovar 0.8.$2,900,000,000,

D. M. BIGGAR,

Second Vice Pris

BANK OF CHINA

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

BANK

PAID-UP CAPITAL 840,000,000.00 (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

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:

KONGMOON TOISHAN KINGCHOW

Every description of Banking and Exchange business transacted. Loans granted on approved securities. CANTON Current Accounts opened in Local SWATOW Currency and Fixed Deposits re SHTUCHOW ceived for one year or shorter

We also handle the issue of Bonds periods in Local and Foreign Cur

and other Pablic Funds of the on terms which will be Chines Government both at Home quoted on application.

and Abeced.

rencies

BATE DEPOSIT Boxas To Lar.

KAN TONG PO,

Chief Manager.

L.

SHOU J. CHEN,

Monager.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD,

Operating Services for Cargo and Passengers

London

New York

Japan

India

Parts

Hongkong

2.93 28-5/B

Spot

Oct.

Nov.

Sellers Opening Closing 0/4-39/64 0/4-45764 0/4-35/64 0/4-45/04 0/4-35/840/4-41/84

TO-

U.S. Dollars

Spot

$7-23/32 $7-27/32

7-23/321-27/32

Oct Nov.

7-9/16 7-23/32 Market: Quiet but steady.

Merchant Rate

Sterling, 0/4-5/8, US. Dollars, 87-3/4.

Silver Duty Bate

The Central Bank of China's rate on London at 10 am, to-day was 1/2-1/24 unchanged from yesterday.

if

2

SWATOW SHANGHAI, TSINGTAU, CHEFOÓ

and TIENTSIN

KOBE and OSAKA-

SINGAPORE, PENANO and CALCUTTA SANDAKAN

HAIPHONG

For further particulars

please apply to

ARDINE MATHESON&Co.Lr

The Equalisation rate was 21-1/2 ELEPHONE SOJILL GENERAL

per cent,

ANAGERS

5

Page 10Page 11