1939-10-27 — Page 10

STOCKS

Last Sala

Oct. 25;

OCTOBER 26, 1939

STOCKS

Last Sala

Adams Expropë ......... Alleghany Steel Co. Allied Stores

10

Oct. 25

257

Lakey Foundry & Machi

31

11

Libbey-Owens-Ford Glass

531

Allis Chalmerą .....

41

Lockheed Aircraft ....

331

Aluminium Ltd

100

Loew's Inc."..

381

Amerada Corps..

Manhattan Shirt Co.

Amer. Can...

-1101

Martin, Glen L

41J

290

American Cyanamid B

35

Amer. Foreign Power

"31

On demand

52 3/4

Ameri & Foreign $7 pt....

271

On Japanimm

American Gas & Elec

On demand

105 1/2

зай

McKesson, Robbins Monsanto Chemical Montgomery Ward Sat. Dairy Products

16.

1091

571

14

Amer, Locomotive

28

Nationať Aviation

SINGAPORE RUBBER

18

On Indias

Telegraphic Transter.

Amer. Metals Co.

28

Nat, Distillers

251

SPOT

38 38

and demand

Amer. Radiator

111

National Gypsum

131

JAN.-MARCH

On New York:-

Amer. Rolling Mill

211

National Load

221

APRIL-JUNE

Amer. Sting and R'ing Co.

581

Nat. Power & Light

어

The market was quiet,

Amer. Sugar Ring

24

National Steel Corp.

751

Un Batavia:

Amer. Tel & Tel.

1671

Nat. Supply Corpn.

··117

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

OCTOBER 1939

On London:-

Telegraphic Transfer. Da 78" Bank Bills, on demand!/2 7/8 Credits 4 months sight 1/39,32 On Shanghai:-

On demand

On Singapore:-

Bank Bills, on dernand 94 7/8 Credits, 60 days' sight 255/8

NEW YORK STOCK EXCHANGE

QUOTATION

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

FRIDAY, OCTOBER 27, 1939.

BANKS

HONGMONG & 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 Reserve Funds ?'

Paid-Up Capital ...... £1,000,000 Sterling

£6,500,000 Reserve Fund

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

Reserve Liability of

Proprietors

$20,000,000

Head Office:-HONG KONG

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

W. H. Lock, Esq.,

Chairman.

Deputy Chairman.

J.K. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell. D. F. Landals, Esq.,

G. Miskiu, Esq.,

E. S. Morrison, Esq.,

Elon. Mr. T. E. Pearce,

prietors

£3,000,000

£3,000,000 HEAD OFFICE: LONDON: -

38,-Bishopsgate E.0.2.

Suo-Agencles In London:

117/122, Leadenhall Street, E.C.3. West End Branch:

•

14/16, Cockspur Street, S.W.1. Manchester Branch: B2, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES :

HARBIN

ALOR STAR AMRITSAR, KINGKOK BATAVIA

PENAMO

FONG LONG 250001

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.).

New York, October 25.

buyers

October 24

sellers

October 25

buyers

sellers

38-3/8

38-1/4

change off 1/8

34-7/8

34-3/4

34-3/8

34-1/4

On demand

40 3/4

On Paris:-

Amer. Tobacco “B” Amer. Waterworks

817

New York Central

321

133

Niagara Hudson Power

B

Bank Bilis, on demand 1000

Credits 4 months" sight 1145 ...

Un Saigen (---

Anaconda Copper

34+

N." American Aviation

281

Atchison, T. & S. Fe.

321

North American Co. ....

23į

| Auburn "Motors

મ

Northern Factic

COTTON: The prospect of prolonged hostilities in Europe has resulted in a good trade demand and

prices appreciably. Hedging was comparatively light and was easily absorbed. News that Germany seized the "City ofFlint was promptly reflected in this market, and as a result the decision on the Neutrality Bill is generally expected to speed up.

raised

E. V. Wilkinson, Esq. Sir Vandeleur M. Grayburn.

Chief Manager. FAILIAK PLACE

CANTON

12

On-demand

108

Baltimore & Ohio

72

Owens-Winois Glass Co.

67

Du Manila-

Barber Asphalt Co

181

Pacific Gas & Elec.

31

RUBBER: The rally was due to combined Commission. Houses buying and covering. Dealers were not in the market,

Ampy

On demand

40 3/4

143

Barnsdall On

Pacific. Lighting

471

33

On Bangkok-

Sendix Aviation

Packard Motors

31

On demand

149 1/2

Bethlehem Steel

931

Paramount Pictures

91

Sterling Notes:-

181

Bllas & Co. ................................

Pennsylvania R.R.

261

Bank Buying Rate

1/4

Boeing Airplane Co.

301

Phelps-Dodge

45

Bar Silver ver os.

99 13/18

Borg-Warner

281

Phillips Petroleum

44"

26

Biggs M'facturing

Pittsburg Coke & Iron

11

Sterling

Market Report

FROM ROZA BROS. Silver prices dropped yesterday

to the extent of 9/16 for Ready and 3/16 for Forward. the quota- Chesapeake & Ohio tions being 22.13/16 and 22.3/8 Chrysler Corpo respectively. Silver advices re Colts Patent Fire-Arms ported speculators 1.8 having Columbia Gas & El. operated both Ways. American Columbla 6%. “A” på.

market was steady. Commercial

sold,

The

American Silver Was quoted at Commonwealth & 9. (ord.) 36.1/4 for Spot.

C'wealth & S. 6% cum pí. The London/New York cross- Consolidated Edison rate was quoted at 402 New York

London was quoted at 401.1/4.

Market

Small and dull market but the Cora, Products tone was steady.

There were sellers at 1/3 Octo- Deere & Co.

12

Brooklyn-M'hattan Tran. B'klyn-M'hattan $6 cum pr Canadian Pacific R'way.... Case, J.Lo

Celanese

|Public Service of NJ.

401

Pullman.' Inc"

391

5*

Pure Ou

91

83

Radio Curpu ut Am.

B

281

Reading Company, Com

201

431

Reading Company, ist pid

271*

931

Remington Army Co., Inc.

•51*

89+

Republic Aviation Corp.

51

71

Republic Stee!

.28

82

Reynold Tobac. "5"

371

·471.

New York Cotton, Dec.

Richfield Onl

81

New York Rubber, Dec.

13

Safeway Stores

541

Chicago Whest, Dec.

851

70

Schenley Distiller.

14

Chicago Corn, Dec.,

50

311

Schenley, 54% pfd.

71

Winnipeg Wheat, Dec.

Consolidated 01:

21

Sears Roebuck

841

New York Hides, Dec.

14.87

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

0.16 9.05 9.08 9.14 .06 up 20,10 19.95 19.03 20:10a 17 up 841 341 851

up 49'i 401 50 † up

70 697

i off 14.34 14.67 14.89a .22 up

461

Continental Cab

Shell Union' Oll

147

271

Continental Of

Socony-Vacuum Oil

137

NEW YORK COTTON

Close

Opening

Closing

Change

631

Southern Pacific

18)

December

9.07/08

9.08/07

9.14/14

.08 up

8%

Curtiss Wright (C)

Southern Rly $5 ptd.

352

January

8.99 N

9.00/00

9.08 N

07 up

291

Curtiss Wright “A”.

Sperry

511

March

8,86/55

.. 8.85/86

8.95/95

.09 up

24

Spicer Manufacturing Co. 32)

May

8.72/72

$8.72/73

8.79/79

טצו 07.

ber and 1/2.31/32 November/Distillers Corpn. Seagrams January, buyers at 1/3.1/32 Cash Douglas Aircraft

15)

Standard Brands

6

July

-8.54/55

8.55/55

8.62/62

.07 up

86!

Stand Gas & Elec,

21

Spot

9.35 N

9.42 N

.07 up

and probably 1/3 November.

Da Pont de Nemours

1821

Standard Ol of California

2231

July (New contract)

... 8.73 N

8.76/76

8.82 N

.09 up

Eagle Picher. Lead

141

JF

Standard Ol of NJ-

481

NEW YORK RUBBER

U.S. 'Dollars

No business was reported. There

were sellers at 25.1/16 October and Elec. Bond & Share

Eaton Mfg. Co. Elec. Autolite

302

Stone & Webster

14

December

19.93/93

•20.01/01

403

Swift International

33

March

98

Shanghai Dollars

Shanghai Markot “

Opened at 308. Subsequently Gen. American Trans. there were sellers at 310. At 1 Gen. Electric p.m. sellers were quoted, at 300.

Gen. Motors

Gen Railway Signal

25 November, buyers at 25.1/8 gles. Bond & Share $5 pf. Cash and probably 25.1/16 Novem-lee. Bond & Share $6 pt. ber.

Elec, Power & light si pt. Flintkote

Technicolor

14)

60

May

Texas Corpn.

48

691

July

18.10b/152

18.65b/67a 18.75/75 18.28b/301 18.35/35 18.20/30

Tezes Gulf Bulphur

261

35

September

unquoted

20.00b/10a

.17 up 18.90/92 .25 up 18.53b/54a .14 18.30b/35a 20 “up anquoted

Trans-America Co.

61

221

20th Cent. FOL

Total sales for the day:-800 tons

151

581

| 20th Gent" Fox. $if pf. (...

241

CHICAGO WHEAT

421

Union Carbide & Carbon

90%

December

841/841 841/84

85/851

1 up

551

Union Pacific

103)

May

84/831

841/831

841/842

3 up

23

United Aircraft

-48

July

821/821

831/831

up

Opened with sellers at 4.25/32 General Tire & Rubber Co 25! and then gradually steadied up to Glidden Co. ...... 4.15/16 for Spot. US. Dollars Goodrich (B.F). opened with sellers at 8 for Spct.| Goodrich $5 pl and then gradually rose to 8.1/4 | Goodyear Tire & Co. for Spot.

United Airlines Trans.

121

19

United Corpn.

23

· · Tuesday's "sales:-13,129,000 bushels.

231

United Corpn. #3 cuni pf. 361

CHICAGO CORN

68

United Gas Corpn.

24

December

491/49

491/491

50/492

up

291

United Gas Improvement 137

May

521/52] 52/52:

522/521

Great Northern Iron Ore

191

US., Industrual Alcohol.

251

July

53/53

534/532

4

Great Northern Rly, pfa

321

US. Rubber

443

WINNIPEG WHEAT

Great Western Bugar.

311

U.B. Rubber $8 pid.

109

18:

October

¡UB. Steel

783

4

Sterling.

Hercules Powder Co. Homestake Mining International Harvester fat. Nickel

891

Deceber

Vanidium....

381

541

May

Walworth Co.

61*

65+

Warner Bros. Pict.

44

NEW YORK HIDES

411

Westinghouse Hec.

117)

December

5

Woodward Iron Cor.

29

March

81

ber..

Chase National Bank National City Bank

371*

June

291*

NY Silver, Official ́.

31

*-bid.

NY London Cross Rate 4.02

Afternoon - Market

The market was quiet in the Greyhound Corpo. afternoon.

The market closed with a small seller at 1/3 November and“ 1/2. 31/32 December/January, buyers at 1/3.1/32 Cash and 1/3 Decem-

..

U.S. Dollars

The market closed with, sellers

and

at 29.1/16 October and 25" Novem- ber, buyers at -35.1/8 Cash probably 25.1/18 November,

".

Shanghal Dollars

Closed with sellers at 297,

Shanghal Market

Sterling opened with sellers at 4.15/18 for Spot. Subsequently the rate rose to 54 and at the "close sellers were quoted at 4.83/84 for Spot.

Shanghai Exchange

Shanghai, Oct. 28 (Reuter),

UMCA TT. “Astes

London

New York

Japan

India

Opening

Int. Tel. & Tel. Johns Manville ..

J. & Laughlin Steel 7 pfd: 821 Kennecott Copper

t-ex. dir. DOW JONES AVERAGE

High Low Dow Jones Averages Oot. 24, High Low Close 158.99 121.44 20 Industrials +

1939

Oct. 26, 1938.

Changz

154.07

155.95 15398 155.48

1.41 ap

35.90 24.14 20 Baile

3457

87.07 90.71 20 Unlim

96.15

33.22 34.71 35.13 26.43 96.03 20.28

-66-up

99.12 88.51 40 Bonda

90.5%

60.53 45.50 31. Commodity Index 55.05

90.58 55.71 Bariness Done :—-1,680,000 shares

133 up .68 up

HK. Banks

"

HK. Electric

ELK. Electric

200

49.90

China Lights (0) Star Ferry

250.

10

7.60

United Paracale (... 3,000 Coco Grove SANG...

3,000

61.00 Ps. 0.26 Pa. 0.14 ...(two)

RESERVE BANK OF INDIA STATEMENT Calcutta, Oct. 25 (Reuter).

Oct. 13 Oct. 20 Notes In circulation (including Notes

0/4-1/4

7-1/8

30-1/4

23-1/2 3.11

beld in the "Bank» Ing Department)... 22,451 22,900 Rupee Coin and Bui-

18-1/4

Bellera

Opening Closing

©0/4-25/82 › 0/4-31/32 0/4-25/32 0/4-31/32 0/4-23/32 0/4-57/84 U.S. "Dollar

Paris Hongkong

Spot

Oct.

Nov.

Spot

$8

Oct.

8

+

ΝΟΥ,

7-27/32

$8-5/32- 8-5/16 8-5/32

Merchant Batények

Market:Qulet.

Sterling, 0/4-1/8, 1/

US. Dollars, $2-1/8,

Silver Duty - Rate :

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

The Equalisation rate was 20-3/4 per cent

lion in India Gold Coin and Bul-

lion in India ....... Becurities (British

"Government) Securities (Indian

Government).

SILVER IMPORTS PROHIBITED

LONDON, Oct 26 (Henter)— The Board of Trade has pro- hibited importation, except un-. der license of silver bullion and foreign sliver coins.

4154 SOVIET TIMBER FOR

RUBBER & TIN

INDO-CHINA

SILVER MARKET STEAM NAVIGATION COMPANY LTD,

LONDON, SILVER

Bold.

7.324, 7.274

London, Oct. 25 (Reuter). Silver-American trade 4,154

Speculators bought and sold Mar- ket quietly steady.. In the alter- noon, there were very small offers 3,735 3,734

LONDON, Oct 28 (Reuter)-In at the rate, but buyers were satis 8,950 1,450 the House of Commons yesterday, fed.

Calcutta Exchange

Calcutta, Oct. 25 (Reuter); TT. on Japan, 78-3/4.

India Rupee Paper

Bombay, Oct. 25 (Reuter). Govt. 31% Rupee, 85-02-0. New York Exchange

New York, Oct. 25 (Reuter). TT. on London (Opening Rate), 14.01-5/8.

Mr. R. A. Butler, Under-Secretary of State for Foreign Affairs, stated, in reply to a question, that the possibility of following up the re- cent agreement with Russia for the exchange of timber against rubber and tin, by further arrange. menta suitable to war onditions, way now under examination.

LONDON GOLD

4 London, Oct. 25 (Renter), Bar Gold, Fine per oz. 183.

Market closed dull,

8pot, 22-13/160.

Forward, 22-3/8d.

1

NEW YORK SILVER

New York, Oct. 25 (Reuter: Official Price, 36-1/4.

BOMBÁY SILVER Bombay, Oct, 25 (Reuter). Market Quiet, offtake 50 bars. :Indian" Mint Bilver

Ready

Nov. 4 Bettlement Dec. 5 Bettlement

59.00

54-02

59-05

Operating Services for Cargo and Passengers

TO

SWATOW, SHANGHAL TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSÁKA

SINGAPORE,. PENANG and CALCUTTA

SANDAKAN

HAIPHONG

For further particulars

please apply to

JARDINE MATHESON TELEPHONE XOJIL G

TERAL MANAGER

70/70

697b

oft

718/717 713/714 761/781

'711/711- 761/761

off } off

14.65/67 14.80/80

14:90/91 15.20b/2a 36-1/2

15.10/07 15.35/35

14.85b/89a ,22 up 15.13/14 .23 up 15.48b/45a .23 up 38-1/4 4.01-1/4

WHEAT: The prospect of prolongation of European War has resulted in higher wheat prices. Exports were not encouraging. Continuance of drought conditions in South-west is now becoming an important market factor.

HIDES: Spots were active? Good shoe sales were reported. NEW YORK STOCKS: Previous close, 154.07; To-day's close, 155.48; Change, up 1.41.

NEW YORK COMMODITY MARKET

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

LONDON METALS

EXCHANGE

London, Oct 25 (Reuter). buyers " sellers

£

£

HONGKONG

SHAREBROKERS

ASSOCIATION

11 up Volume Of Business Tranzacted

on Thursday, Oct. 28, 1939.

2 $1,300.00 Standard, Casn 230 150 50.00 Standard,

TIN

unquoted

3 months 230

unquoted

Canton, Lumpur Shanghai

Dairen Malacca . Sungei

Foochow Manila Haipoong Muar Hamburg (Johore) Tientsin Bankow Makden Tokyo Harbin New York Tsingtao

Yokohama Hongker Peiping Iloilo

CURRENT

PRIPING

(Peking)

FOREIGN EXChange and General Banking Busineṁ transacted. .

CERBENT 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 ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable

Accounts opened in on application. *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 recovery 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 Care DEPOSIT qny of the Agencies and Branches. Born in various gires To LIT

R. A. CAMIDGE, Hong Kong, 25th September, 1938.

Janager.

HONGKONG SAVINGS

BANK

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

The Business of the above. Bankį is conducted by the HONGKUNG-) & SHANGHAI BANKING COR PORATION. Rules may be obtain-An ed on application.

For the HONGKUNG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

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

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

Reserve and Undivided

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directors:

Sir Bhonson Chow, Chairman

Li Lan Bang, Esq... Wong Chu Son, Esq. Wong Yun Tong, Esq.” Kan Ying Po, Bag, Chan Ching Shok, 684. Fung Ping Wah Esq

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

Branches and Agencies :—

Kowloo Frang Blogapor Faultaria London

Rangoon Sourabays Bombay Kanila

Swatow Bakron Calotta

Kobe

Melbourne Bios Feana Bednar Magninin

niaco Tintain New York Beattie Venocaver

Ser Polping

Every description of Banking and Exchange business transacted. Loans granted on approved securitia.

18, PINE STREST,

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 BANK, THE CHASE NATIONAL New Yoax, with Resources of over U.S.$5,900,000,000.

D. M. BIGGAR,

Second Fi Pria

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 CHIYA) Owing to our numerous Branebes 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.

Head Offer:-"SHANGHAI -

Hong Kong Branch:

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

CANTON

Current Accounts opened in Local SWATOW Currency and Fixed Deposita re SEIUCHOW

rencies

оп

KONGMOON TOISHAN

KINGCHOW

ceived for one year or shorter We also handle the issue of Bonds" periods in Local and Foreign Cur and other Public Funds of the terms which will be Chines Government both at Home quoted on application.

and Abad. SAJE DEPOSIT Boxes To Lar.'

KAN TONG, PO,

Chief Manager.

SHOU J. CHEN,

Manager.

Bangkok Batavia Bombay"

Branches: Ipoh Johore

SA WNPORE

GABU

Penang Rangoon

COLOMBO

DKTRI

MEDAN

Kobe Kowlcon

Saigon

San

Calcutta Kuala

.. Francisco

HAIPHONG KAMBURG HANKOW

NEW YORK

ILOILO IPOR

SAIGON

REMBAN

BOMBAY

KARACHI

SHANGHAI

CALCUTTA

KLANO

SINGAPORE

AGENCIES: KORK

SITIAWAN

CLICK BEKET

KIALA

SOÚHALAYA

LUMPUR

TALPING

KUCHING

TIENTBIN

MADRAS

* TONGKAR

MANILA

(Bhuket) TSINGTAD TOKOBAMA

Chefoo London

Colomb Lyons

Singapore Sourabaya

Patani Swatow

༄།

n

BANK OF EAST ASIA, LIMITED

"Profts.

5,598,600.00

2,883,93%.01

up

€9

Li Koon Chen, Esq.

P. K. Kwok, Esq.

#alphong

Habow

Rosalala Party

Page 10Page 11