1939-10-26 — Page 10

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

LONDON STOCK EXCHANGE

<RKUTER'S SERVICE)

London, October 24. The following quotations are the inkidle prices at the close of "the market in London. All quotations are subject to confirmation and no responsibility is neramed" for errors in transmission,

43

£"

SILVER MARKET

LONDON SILVER

MONEY AND EXCHANGE

London, Oct 24 (Reuter). Silver-Bears covered. Offerings small. Buyers 'satisfied. Market steady. In

afternoon, the CLOSING QUOTATIONS market. was dull, with no business.

Spot. 23-3/8d.

the

Forward, 22-9/18d,

NEW YORK SILVER

New York, Oct 24 (Reuter), Official Price. 36-1/2.

BOMBAY SILVER Bombay, Oct. 24 (Reuter). Market-Quiet, but steady. Off-

Indian Mint Silver

On

OCTOBER 15, 1939 London:

ì

Telegraphic Transfer. 1/8 7/8 Bank Bills, on demandl/8 7/8 Credits 4 months' sight 1/3 9/32

On Shanghai:-

On demand

On Singapore:--

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

THURSDAY, OCTOBER 26, 1939.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

%

INDIA, AUSTRALIA

AND CHINA

Authorised Capital... 850.000,000

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1855 Resorve Funds:

Sterling

Paid-Up Capital £6,500,000 Reserve Fund H.K. Currency Reserye $10,000,000 Reserve Liability of Pro-

prietors

HEAD OFFICE: LONDON:

eserve Liability of Proprietors

$20,000,000

Head Office:--HONG KONG

.... 280

On demand

32 3/4

On Japan:-

On demand

[(5 1/8

69-04"

On India:-

59-05

Telegraphic Transfer.

SINGAPORE RUBBER

89 3/9

69-08

and demand.

SPOT

October 23

buyers sellers 36

New York, October 24.

October $4 buyers sellers change .38-3/8-

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

W. H. Lock, Esq..

up-3/8-

34-1/2 34

34-7/8

34-3/8

LONDON GOLD.

On New York:

Bank Billa, on demand 14 7/8 Credits, 60 days' sight 95 5/8

FROM ROZA BROS.

#

Wednesday, Oct. 25.

JAN.-MARCH APRIL-JUNE

The market was quiet,

COTTON: There was a consistent foreign and domestic trade demand. Hedging was small. on prospects that a government loan will shortly become mandatory and that domestic cotton consumption this season will be heading for the highest total on record. It is conservatively estimated by a reliable Trade resource that domestic mills will use 8,000,000 to 8,500,000bales this season,

Chairman.

Deputy Chairman, J. E. Boudeld, Esq., A.-H. Compton, Esq., Hon. Mr. 8. H. Dodwell, D. F. Landale, Esq.. G. Miakin, Esq.,

K. S. Morrison, Esq.,

Hon. Mr. T. E, Pearve, B. V. Wilkinson, Esq.. Sir Vandeleur M. Grayburn,"

Chief Manager,

£3,000,000 £3,000,000

£3,000,000

1

38, Bishopsgate E.0.2

Sub-Agencies In London: 117/19, Leadenhall Street, E.C,3

West End Branch:

14/18, Cookspur, Street, S.W.i.

Manchester Branch:

HARBIN

52, Mosley Street, Manchester, 2.

· AGENCIES_AND_BRANCELES:- ALOE STAZ AMRITSAR BANGIOK BATAVIA BOMBAY CALCUITA

PENANG RONG ONG LANGOON

ILOILO

ПРОВ

MIGON

BARDZORAN

TABACK KLANG

SHANGHAI

SINGAPORE

BISIANWAR

AGENCIES: KOBE CLIFE STEKKT

FAIRLIN PLACE

CANTON

KUALA

LUMPUR

KUCHING

MADRAS MANILA

MEDAN

PIPING

Amoy

Branches: Ipoh

Bangkok

Johore

Pecsok Rangoon

CAWNPORE CMB V COLOMBO

DELXI

Batavia

Kobe

Saigon

HAIPHONG

NEW YORK

Bombay

Kowloon

Sao

HAMBURG

Calcatta

Kuala

Francisco

HANKOW"

Canton Chefoo

Lumpur

Shanghai

London

Singapore

on more

Colombo, Dairen Foochaw

Lyons

Sourabaya

Malacca

Manila

Sungei ...Patani

RUBBER: The market was easy, being largely the redection of the reports that near month's arrivals will be heavy and the bellef" that supplies will be ample here. Dealers were the principal sellers. There was a fair amount of support but buying was not impressive. WHEAT: Cash premiums are still maintained in the United States. There was no change in the drought conditions in South- West. In the Winnipeg market, an easier tone prevailed favourable weather conditions, and this was reflected in our market, HIDES: The market was steady in sympathy with the stock market. Traders are mostly adopting a walting attitude pending Washington development on Neutrality revision.

NEW YORK STOCKS: Previous close, 153.71; Tu-day's close, 154.07 Change, up 38.

War Loan, 3% Red

after 1952) Canton-Kloon Rly. 5% 9

831

take 20 bars

Chinese 4 Gold Loan

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

1925-47

40

Ready Nov. 4 Settlement Dec. 5-Settlement

Thin, 41% Anglo-French

Loan, 1908

30

Chinese 5% Crisp Loan.

1912....

171

Chinese 5% Reorg. Loan.

1913 (Ldn. L.)

London, Oct, 24 (Reuter). Bar Gold, Fine per oz., 168.

Un Batavia:-

On demand

(6 3/4

On Paris:-

好

Chinese 8% Ster. Notes

B-A. Tob. (bearer)..

85/7+

Bank Bills, on demand '90 Credits 4 months' sight 1143

1925 (Vickers)

Mercantile Bank

101

Un Saigon

Chin. Imperial Rly. 5%

Load

Cammell Laird, ord.

6/9

On demand...

.. 1.8

Honan Riv. 5%

10

Mexican Eagle

5/101

#

Da Manila:-

Hukuang Rly. 5%, 1911....

11

Courtaulds

29

On demand

49 3/4

Hukuang Rly. 5%. 1011

Distillers

85/91

On Bangkok -

(German Issue>

11

Dunlop Rubber

27/6

On demand

149 1/2

Lung Tsing & Hai Rly..

Gen. Electric (England)

72/9

Sterling Notes:---

6% 1913

B

Guinness (A) Son & Co.

85

S'hai-N'king Riy. 5%.....

11

Hawker Siddeley Airc........

Tientsin-Pukow Riy. 5%

(Brit. Stpd.)

9

Bristol Aeroplane. Imperial Chemical Ind.

15/41, 17/11 30

Bank Buying Rate Bar Bliver per oz

1/4

23 4/8

Market Report

Tientsin-Pukow Rly 5%

(German Stpd.) Tientsin-Pukow Rly.5%

Brit. Stpd. Supl, Loan! 9 Tientsin-Pukow Rly. 5% (Ger: Stpd. Supt. Lean) Jap. 5% Ster. Loan, 1907 Jap. 6% Ster. Loan, 1924 43. Ger. 7% Intl, Loan. 1924 9 Chartered Bank

Imperial Tobacco

115

9

Marks & Sp'cer "A" ord. 49/44

Rolls Royce

93/8

Leyland Motors

87/6

Tate & Lyle

59/6

→

Turner & Newall

75

37

United Steel

22/101

Smethwick Drop Forg....

13

Armstrong Stevens, ord.

5/3

71

Pressed Steel, com.

14/44

H.K. & S'hal Bank (Lan

Vickers, ord.

17/71

Silver

Rezi

761

Woolworths

581

Spot.

H.K. & 8'hal Bank (Cl

Anglo-Dutch

26/8

Reg.)

78

Chinese Eng. & Mining

(bearer>

13/9.

Chosen Corporation

5/6

Pekin Syndicate......

Shal Rec. Constr. Co.

Rab. Plant. Invest. Trust Burma Corporation ...... Commonwealth Mining.. Marsman Investments... Randfontein Estates Western Holdings .........

30/3

9/11

12

35/71

9.08 9.01 20,20 19,88 841 84 491. 487

841 841

491 491

off 1.00

8/3′′ -

70$

70

I off

S'hal Waterwrgks “A”.

.10

Sub-Nige!

192/6

14.70

14.50

14.55 14.87

Union Insurance-

10

Tanami Gold-Mining-

3d

Close

Opening

Closing

Gula Kalumpong Rubber

16/3

Anglo-Iranian

61/3

9.02/03

9.01/02

9.07/08

Allied Ironfounders

15/7

Burmah

64/4)

Asso. & Elec. Industries 38/3

Shell TranA.

& Trad

१।

Austin Motors, ord,

18/9

(bearer)

84/41

Manila 49.3/4; Bangkok 149.1/2: Saigon 108.

January

8.95 N

8.94/04

8.99 N

March

8.83/83

8.82/83

8.36/86

.03 up

May

8.70b

8.70/89

8.72/T2

Cable & Wireless, New

Market

.02 up

July

8.53/53

8.53/53

8,54/55

02 up

Form, ord.

48+

Spot

9,30 N

9.35 N

July (New contract)

... 872 N

8.71b

8.73 N.

.01 up

NEW YORK RUBBER

20.20/28

18,90/90

18,50/50

18.44 N

20.21b/34a 18.80b/19.00 18.49/49 18.40b/55a

unquoted

19.93/93 35 of 18.65b/67a 23 of 18,285/30 20 of 18.10b/152 29 of unquoted

-ex-rights.

*-Nominal

LLOYD TRIESTINO

Regular Fortnightly Service

OUTWARD:

for Shanghai.

HOMEWARD: for Genoa, Naples (London Overland), via Manila, "Singapore, olombo, Bombay

and Portsaid

För further particulars apply to:

LLOYD TRIESTINO Queen's Bldg., Ground Fl., Tel. 32982 Tel. Add. "LLOYDIANO" P.O.B. 143

Agents, Canton-Messrs. Dodwell & Co., Ltd., Shameen.

CHINA

THE PERFECT HOLIDAY

A PARADISE CRUISE TO BALI & JAVA

Roundtrip, in 30 day

AT SPECIAL EXCURSIÓN FARES

SAILINGS

To BALI & JAVA VIA PI. PORTS:

LAST WEEK OCTOBER

TO BATAVIA DIxECT:- THIRD. WEEK NOVEMBER

To AMOY & SHANGH I~

· 1st & 2nd WERK, NOVEMBER

For particulars apply:- JAVA-CHINA-JAPAN LIJN NV

HONGKONG——AMOT-SWATOW.CANTON

JAP

H. NOLASCO DA SILVA.

Macao Agent

MODERN

LIJN EXPRESS SERVICE

Silver prices rose yesterday to the extent of 1/4 for Ready and 3/8 for Forward, the quotations being 23.3/8 and 22.9/16 respec- tively. Bilver advices reported some Bear covering. The market steady but dull. American

БЕДА

was quoted at 361/2 for

The London/New

York cross- rate was quated at 402. New York/ London was quoted at the same rate.

There were some changes this morning, quotations were as fol- lows:-

Sterling 1/27/8; Straits 52.3/4: Yen 105.1/2; Rupees 823/8: US$ 24.7/8; Shanghai 280.

Guilders 45.3/4:

Market. Qulët.

Sterling

Francs 10.90:

Sterling. Some business was re- ported at 1/3 October and also Cash The market closed with sellers at 1/3 October, 1/231/52 November/January, buyers at 1/3.1/32 Cash and 1/3 November.

U.S. Dollars.

·U.S. Dollars. Some business was reported at 25.1/8 for October, The market closed with sellers at 25.1/16 October, possibly Novem- ber, buyers at 25.3/16 Cash and 25.1/8 November,

Shanghai Dollars Shanghai Dollars. Early in the j morning there were sellers at 296. Towards the close sellers were quoted at 305 for Spot.

U

Shanghal Market Shanghai Market, Sterling open- ed uncertain with sellera at 15/16 for Sp. t. Subsequently the mar- ket eased off and closed with buy- ers at 4.13/16 for Spot U.8. Del- lars opened with sellers at 8.9/32 for Spot and, closed towards the close with sellers for Spot t 8.5/32.

Merchant scale for Sterling To- day: Subject to Negotiation

Shanghai-Exchange

Shanghai, Oct. 25 (Reuter)."

omcial TT. Rates

London New York Japan India Paris'

Hongkong

11

.Spot Oct.

Nov,

Opening

0/41/4

7-1/8 30-1/4

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

Prev. To-day's High Low Close Close Change .9.03 9.08 .05 up 20.28 19.93 35 off

New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Corn, Dec. w Winnipeg Wheat, Dec, New York Hides. Dec..

NEW YORK COTTON

December'

December March May

July

September

Total sales for the day:-1.530 tons CHICAGO WHEAT'

12 up

Change

.05 up

קש 04.

םם 95

Haiphong Muar Swatow

Hamburg

Bankow

(Jobare) Tientain Mukden

Tokyo s

Harbin Now York Tsingtao Hongkew Peiping Yokohama Iloilo

(Peking)

SOURABAYA TAIPING

TIENTS IN TONGMAN

(Bhuket)

ISING TAD

TUXOMAMA

FOREIGN EXCHANGE and General Banking Business transacted.

and

CURRENT ACCOUNTS opened FIXED DEPOSITS received for One Year or shorter periods 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 ACCOUNTS, opened in on application. LOCAL CURRENCY and FIXED DEPOSITE 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 recovery of rencies on terms which will be British Income Tax overpaid, on quoted on application.

terms which may be ascertained at

Arso up to date SAFE DEPOSIT any of the Agencies and Branches. Boxes in various sizes To Les

R. A. CAMIDGE, Hong Kong, 25th September, 1939.

Manager.

HONGKONG SAVINGS

BANK

•!

THE CHASE BANK

13, QUEEN'S ROAD, 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 HoxoTONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1937.

BANK OF EAST ASIA, LIMITED

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

Roserve and Undivided

Profits

5,598,800,00

2,885, 332.01

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

Board of Directora: 2

Bir Bhouson Chow, Chairman

Li Koon Chun, Esq. PE, Kwok, Faq.

Li Lan Sang, Esq. Wong Chu Son, Bag. Wong Tun Tong, Esq. Kan Ting To, Eag Chan Ching Shuk, Esq. Fung Ping Wah Saq Kan Tong Po, Esq., Chief Manager. Li Tso Fong, Esq., Manager.

December

841/341 841841

841/841

1.off

May July

841/847 822/83

84+/84

84/83+

7 off

82/02

+ off

Monday's sales:-17,177.000 bushels. CHICAGO CORN

December

49491 491/49

491/491

off

May July

52/52) 53/531

513/517

52+/521

unch.

53/53

of

WINNIPEG WHEAT

October

51

May.....

702/702 72 b 761/17

70/70

>

off

713/713

71/711 763/701

I off

Absoy

BAZATLA

1 of

Bombay

! Marilla

Ongat.c

NEW YORK HIDES

Haiphong

Hanko

December

14.55/55

March

14,75/82

15.09 b

14.50b/55a 1477/30 15.04b/142

38-1/8

14.65/67 14.90/91 15.20b/22a 36-1/2 4,02

Honelala Kohe

.09 up .13 up

December

June

NY Silver, Official

NY-London Cross Rate 4.01-3/8

כם 12..

Increasing Food Production

The Ministry of Agriculture and assured that their mechanical Fisheries announces that in war it equipment and farm horses will would concentrate is energies un not be requisitioned at present,

directing a, campaign to increase:

23-1/2 the production of food, which re-

3.11 28-1/4

Sellers Opening Closing 0/4-15/16 0/4-51764

0/4-15/16 0/4-51/64 0/4-7/8 0/4-23/32 UkS. Dollars

; :

'Spot ́ ́..... $8-9/32 ... $8-1/32 8:1/32 7-7/8"

Oct.......

8-9/32

8-1/8

Nov.......

Market: Quiet.

Merchant Bath

Sterling, 0/4-3/4.

US Dollars, $7-15/16.

Sliver Duty Rate

presents a vitally important aspect

or national, defence,

Many far-reaching powers con-

Branches and Agencies :~~

Kowloon Leadea

Penang

Banzoon

Salzon

Alogspore Soundsys

·Zwatow

Melbourne San Fran. By

New York Bentile TABOOSTS Paris

Piping

Bomerang

Shanghal

Every description of Banking and Exchange business transacted. Louns granted on approved securities.

18, PINE STREET",

-NEW YORK- American Bank offering com- plete Foreign Banking Service in the principal Marketa of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned, by THE CHAIR NATIONAL BANK, New Yoxx, with Besources of arr UT.8.$3,900,000,000,

D. M. BIGGAR,

Second Fice PTLL

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 connect.ons.in the principal Commercial · Centrem of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office:--SHANGHAI Hong Kong Branek:

4, QUEEN'S ROAD, C. South China Offices:

CANTON

Current Accounts opened in Local SWATOW: Currency and Fixed Deposita re-SHTUCHOW ceived for one year or shorter

periods in Local and Foreign Our

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonds

rencies on terma which will be and other Public Funds of the Chinese Government both at Homs quoted on application.

and Abroad.

SHOU J. CHEN,

SAFE DEPOSIT BOXES TO LET.

KAN TONG PO

Chief Manager.

Manager.

SINDO-CHINA

ferred on the Minister of Agricul-

ture under "defence

regulations

are being relegated to War Agricol STEAM NAVIGATION COMPANY LTD counties. These committers Will Operating Services for Cargo and Passengers

tural Executive Committees in the

have a number of district com mittees and alf was be a close touch with the National Farmers' Union.

The Ministry of Agriculture points out thất incressed food pro- duction wil call for larger supplies

The Central Bank of China's of tractors, machinery, oil, fertili rate on London at 10 am, to-day sers and other requisites.

was 1/2-1/24; unchanged (rpm

Į yesterday.

Everything possible, it states will

he done to meet these demands,

The Equalisation rate was 24 per and it is not expected that there

cent,

Calcutta Exchange

Calcutta, Oct. 24 (Regter).

TT. on Japan, 78-3/4.

India Rupee Paper

Bombay, Oct. 24 (Reuter). Govt. 31% Rupee, 84-00-0.

will be any shortage of petrol or vaporizing offs. Farmers also aže

New York Exchange

New York, Oct, 24 (Reuter): TT. on London (Opening Rate). 401-5/8.

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEVOO..

and TIENTSIN

'KOBE, and OSAKA"

SINGAPORE, PENANG and CALCUTTA SANDAKAN

HAIPHONG

For further particulars

please apply to

RDINE MATHESON&Co.I TELEPHONE.SOJILGÉNÉRAL N

ERS

Page 10Page 11