QUOTATION
Last Sale
OCTOBER 29, 1939
Oct.28
STOCKS
97
25
Lakey Foundry & Mac, .
Last Sale Oct 28 31
Libbey-Owens-Ford
Glass
52
427
| Lockheed Aircraft
321
981
Loew's Inc.
361
Amerada Corpe.
E
Amer. Can
#1101
Manhattan Shirt Co.
Martin, Glen L
404
Red
American Cyanamid B
334
McKesson, Robbins
PACE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK NEW YORK STOCK EXCHANGE
EXCHANGE
(REGTER'S SERVICE)
London, Oct. 27
STOCKS
The following quotations are the Adams Express middle prices at the close of the Alleghany Steel Co. market in London," All quotations Allled Stores are subject to confirmation" and Allis Chalmera ". no" responsibility is assumed for Aluminium Ltd errors in transmission.
War Loan, 31%
PAYNE & CO.
COMMODITY BROKERS STOCK · EXCHANGE BUILDING
HONGKONG
TH
COMMODITY MARKET REVIEW
MONDAY, OCTOBER 30, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charter, 1853
BANKING CORPORATION.
Authorised Capital $50,000,000′
Reserve Funds:
Sterling
Proprietors.......
$50,000,000
H.K. Currency Reserve $10,000,000 Reserve. Liability of Pro- Reserve Liability of
prietors..
HEAD OFFICE: LONDON:
Paid-Up Capital £6,500,000 Reserve Fund
.£3,000,000
£3,000,000
£3,000,000
(FROM PAYNE & CO.),"
after 1952) Canton-Klcon, Rly. 5% ? Chinese 41% Gold Loan
913
Amer. & Foreign Power
21
Monsanto Chemical
Ameri, & Foreign F pt...
261*
Montgomery Ward
55)
American Gas & Elec
361
October 27
New York, Oct. 28.
October 29
Cat. Dairy Products
132
1898 (Brit. Issue)...... Chinese 5%. Gold Bonds.
40
Amer. Locomotive
261
National Aviation
161
SINGAPORE RUBBER
buyers sellers
buyers
sellers
Amer. Metis Co.
274
Nat Distillers
247
SPOT
38-1/4
36-1/8
change
of 1/8
1925-47
30
Amer. Radiator
107
|National Gypsum
JAN./MARCH
34-3/4
34-5/8
От
1/8
Chin. 41% Anglo-French
Amer. Rolling Mill
201
National Load
Loan, 1908
30
Amer. Sting and R'ing Co.
5-11
APR./JUNE
34-1/4
34
Of
1/4
Nat. Power & Light
Chinese 5 Crisp Loan, ".
Amer. Sugar Ring-.....
The market was dull.
National Steel Corp.
751
Hon. Mr. T. E. Pearce,
1912
171
Amer. Tel. ⇓ Tel.
167
Nat. Bupply Corpa.
Chinese 5% Reorg. Loan,
1913. (Edn. Is.)
Amer. Tobacco "B"
82
New York Central
211
25
Amer. Waterworks
13
Niagara Hudson Power
71
Chinese 8% Ster. Notes.
1925 (Vickers)
Anaconda Copper
*331
N: American Aviation
274
weather
COTTON: The active domestic and export demand for "spot cotton, coupled with the growers' holding movement, has resulted In an advancing tendency in cotton prices. With the recent ex-
i treinely dry
the western part of the belt, the next
Sir Vandeleur M. Grayburn,
1
Head Office:-HONG KONG
Board of Directors: Hon. 3r. A L. Shielda,
WF. H. Lock, Esq.,
Chairman.
Deputy Chairman.
J. K. Bousfield, Esq., A. H. Compton, Esq Hon. Mr. S. II Dodwell, D. F. Landale, Esq., G. Miskin, Esq..
K. S. Morrison, Esq.,
H. V. Wilkinson, Esq.
38, Bishopsgate E.C.. Sud-Agencies In London; 117/12, Leaderball Street, EC3. West End Branch:
14/18, Cockapur Street, S.W.1. Manchester Branch: 62, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
PENANG HARBIN KONG KONG MANGOON
Chief Manager, Fun Pack
ALOR STAR AMRITSAR BANGKOK
BATAVIA BOMBAY
TEDICO IPOR
SAIGON
SEREMBAN
CALOUTTA
AGENCIES CUTE STREET
KARACHI KLANG KOSK
SHANGHAI
SINGAPORE
SITIAWAN
VALA
SOURABATA
LUMPUR
TAIPINO
8
Atchison, T. & S. Fe.
317
North American Co.
23}
crop estimate may have to be revised lower,
Branches:
CANTON DAWNPORK
KUCHING
TIENTSIN
Chin Imperial Rly. 6%
LA
Auburn Motors "..
3
CEAU
KADRAS
TONGKAT
Northern Facioc
144
Loan
43
Baltimore & Ohio
73
!
Owens-Illinois Glass Co.
661
RUBBER: The market eased on back of interest. The weakness in Sterling was an adverse factor.
Amoy
Ipoh
Bangkok
Johore
Honan Rly. 5%
10
Barber Asphalt Co
171
Pacine Gas & Elec.
311
Hukuang Bly. 5%, 1911...
11
15
Barnsdall Ol
Pacific Lighting
473
Hukuang Rly. 5%. 1911
Bendix Aviation
321
WHEAT: The continuance of drought conditions in South-West with no indication of an immediate relief continues to
Batavia
Kobe
the
Bombay
Kowloon
Penang Rangoon Saigon San
MANILA
(Bhuket)
DELHI
MEDAN
THINGTAO
Packard Motors
+
German Issue)
11
Bethlehem Steel
901
Lung Tsing & U. Hai Rly.
Paramount Pictures
9'
be the chief price substaining factor.
171
Bilas & Co.
Pennsylvania R.R.
253
NEW YORK STOCKS:
Previous close, 153.46; To-day's close.
5% 1913
&
Boeing Airplane Co
291
Phelps-Dodge ......
424
153.12: Change: Off .34.
S'hal-N'king Fly. 5%.....
11
Tientsin-Pukow Rly. 5%
Brit. Stpd.)
Borg-Warner
27
Phillips' Petroleum
!!
431
Biggs M'facturing.
251
2
Pittsburg Coke & Iron
11*
Tientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl: Loan) Tientsit-Pukow Rly, 5%
(Ger. Stpd. Supi. Loan) 9
41 Jap. 5% Ster. Loan, 1907 Jap. 6. Ster, Loan, 1924 46 Ger. 7, Intl. Loan, 1924 9 Chartered Bank
Brooklyn-M'hattan Trans.
113
Public Service of NJ
401
NEW YORK COMMODITY MARKET
9
3'klyn-M'hattan $8 cum pl.
Pullman Inc.
371
Canadian Pacific R'way.
5
Pure Of
91
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
B
Case, J.I....
Radio Corpn. of Am.
6
271
Celanese
Reading Company, Com
201
43
Chesapeake & Ohio
Reading Company, 1st pid
261
Prev. To-day's High Low Close Close Change
901
Chrysler Corpr
Remington Arms Co., Inc.
51*
New York Cotton, Dec.
9.18
9.fl 9.10
87
Colts Patent Fire-Arms
Republic Aviation Corp.
51*
New York Rubber, Dec.
19,86
19.70
19.90
Columbia Oas & E
7.
Republic Steel
281
Chicago Wheat, Dec.
867
851
851
9.10 .01 off 19.70 20 off
661
1 up
822
71
Columbia 6%. “A”,pf.
Reynold Tobac. "B"
371
Chicago Corn, Dec.
501
491
491
501
up
47
H.K. & S'hal Bank (Ldn
Commercial
Richfield Ou
Winnipeg Wheat, Dec:
www
691
701b
up
14
Reg.)
77
Commonwealth & 8. Yord.)
Safeway Stores
40
New York Hides. Dec.
14.20 14,19
14.40 14.25b 13 'OE
R.K. & S'hai Bank (Col.
C'wealth & S. 6% cum pl.
Schenley Distillers
141
311
Reg.)
78
Consolidated Edison
Schenley, 5% pid.
NEW YORK COTTON
Close
Opening
Closing
Change
81
Chinese Eng. & Mining
(bearer)
Consolidated Oll
Sears Roebuck
84
December
9.11/ri
9.16/17
9.10/10
01 off
1379
Continental Can
Shell Union Oil
141
271
Janary
....... 9.03 N
9.11/11
9.05 N
.02 up
Chosen Corporation
5/8
Continental Off
Socony-Vacura Off
133
March
8.92/92
8.97/97
8.95/95
.03 up
-Pekin-Syndicate ........
Corn Products.....
Southern-Pactic
∙17+
May
8:80/81
_8_85/86___ 8.85/85
.04. up
Shai Elec. Constr. Co.
Curtiss Wright (C.)
291
Southern Rly $5 pfd.
34
July
8.04/04
B'bai Waterworks "ä".
10
Curtiss Wright "A"
231
Sperry
499
July [New contract)... 8.82 N
B.72/73 8.94/94
8.70/71
.07 up
8,90/90
.08
Union Insurance
19
Deere & Co
171
Spicer Manufacturing Co,
314*
Spot
9.39 N
9.31 N
up .08 of
Gula Kalumpeng Hubber 16/6 Allied Ironfounders....... 15/7 Asso. & Elec. Industries 33/6 » Austin Motora, ord.
Distillers Corpn." Seagram:
Douglas Aircraft
831
Standard Branda
6
182
Stand Gas & Elec. .......... ..... wha
21
NEW YORK RUBBER
Du Pont de Nemours
17/6
Eagle Picher Lead
131
Standard Oll of California
231
December
19,90/90
29
Standard Oil of N.J
471
March
"Cable & Wireless, New
Enton Mfg Co.
39
Stone & Webster
131
May
18.72/72 18.40b/503 18.45/45
19.85/86 18.68b/80a 18.55/55
18.25b/30%
19.65b/70a
.20 off
.17 off
.20 off
Form, ord.
481
Elec, Autollta
91
Swift International
321
July
18,200/223
B.-A. Tob. (bearer)
88/11
Elec. Bond & Share
60
Technicolor
142
Mercantile Bank
101
Elec. Band & Share 35 pf.
471
September
18.20 'B
18,25b/33a. 18.05b/10 a
18,056
.12 off
.15 off
Cammell Laird, ord
6/9
Elec. Bond & Share $6 pf.
694
Texas Corpn.
Mexican Eagle
342
fexes Gult Sulphur
36
6/74
Elec. Power & Light $7 pf.
Trans-America Co.
81
Total sales for the day:-160 tons CHICAGO WHEAT
Courtaulds
28/6
Flintkote
Distillers
66/3
Cen. American Trans.
584
20th Cent. Fox.....
154
December
854/851 853/851
882/861
it up
Dunlop Rubber
401
20th Cent: Fox. #14 pf.
24
May
842/848
85/843
86/857
11 up
27/6
Gen. Electric
Gen. Electric (England)' 74/8
.55
Union Carbide & Carbon
90
July
831/82)
841/841
1 up
Gen. Motors
23
Union Pacific
102
Guinness (A) Son & Co.
*
Gen. Radway Signal
Friday's sales:-17,953,000 bushels.
United Aircraft
461
Hawker Siddeley Airc..
15
General Tire & Rubber Co
19
United Airlines Trans
123
CHICAGO CORN
Bristol Aeropiane
17/14
Glidden Co.
.........
22
United Corpn.
21
Imperial Chemical Ind.
-30/3
Goodrich (BF.) ...
Imperial Tobacco
118/9
Goodrich $5 pt
674
United Corpn. 3 cum pl.
361
December
Marks & Sp'cer "A" ord.
50
Goodyear. Tire & Co.
*277
United Oss. Corpn....
21
May
Rolls Royce
08/3
Great Northern Iron Ore
10
United
Gas Improvement. 141
July
491/492 497/50 521/521 531/52) 522/521 531/531
501/601
53+/531
€€€
Leyland Motors
27/6
Great Northern Rly. pfa. 301
U.S., Industrial Alcohol.
261
WINNIPEG WHEAT
US. Rubber
43
Tate & Lyle
60/3
Great Western. Sugar ..
Turner & Newall
75/71
Greyhound Corpn.
178
US. Rubber $8 pd.
1083
October
691/09)
United Steel
22/104
Hercules Powder Co.
89
U.S. Steel
TOL
December
701/10%
71/711
Smethwick Drop Forg...
13
Homestake Mining
554
Vanadium
37
May
751/76
701b 711/711 761/761
+ up
A up
Armstrong Stevens, ord,
5/8
International Harvester
638
Walworth Co.
.63*
Pressed Steel, com
14/101"
Int. Nickel
402
Warner Bros. Pict,
4.
NEW YORK HIDES
Vickers, ord.
17/74
int. Tel & Tel
5*
Westinghouse Moc.
1551
December
Woodward Iron Cor.
281
March
Woolworths
58/9
Johns Manville
Anglo-Dutch
26/0
J. & Laughlin Steel $7 pfd.
79
Chase National Bank
37*
June
Rub. Plant, Invest. Trust: 30/8
Kennecott Copper
-39%
National City Bank
*28*
NY Silver, Official
14.40/40 14.68b 14.95795 34-7/8
14.30b/48a 14.25b 14,53/50 14.54/54 14.75b/802 14.78b/80a
unquoted
.15 off
.14 of
.15 off
NY-London Cross Rate
3.99-1/2
Burma Corporation
9/11.
Commonwealth Mining..
*--bid.
Marsman Investments...
1-ex diy,
12/6
Randfontein Estates
-35/75
DOW JONES AVERAGE
Western Holdings
11
1939
Sub-Nigel
Tanami Gold Mining..
200 36
High
Law Dow Jones Averages 155.92 191 44 30 Industrials
Anglo-Iranian
63/11
35.90 24.14 20 Baile
27.07 20.71 20 Usilime
Burmah
65
$2.32 86.51 40 Bonds
Shell Trans. & Trad
FO.58 45.69 11 Commodity Index 65.17
(bearer)
85/11
Oct. 29, 1939. Oct. 27, High Low Close 163.46 16406 152.68 153.17 34 60 34.88 34.35 84,43 20,21 28.27 26.05 26.12 90.45
Business Done :-480,000 shares
Chaags
H
34 off
.17 off
90.44 56.33
09 of .01 of .18 up
buyers
£
sellers E
Indian Mint Silver
TIN
Ready
60-06
በነ
*---Nominal
Standard. Cast 230 Standard.
unquoted
Nov. 4 Settlement
60-06
LONDON METALS
EXCHANGE
London, Oct. 27 (Reuter).
SILVER MARKET
BOMBAY SILVER W Bombay, Oct. 28 (Reuter): Market-Firm. offtake 25 bars.
Hamburg
Lyona Sourahnya
Patani
(Johore) Tientsin
Bankow Mukden Tokyo
New York Tsingtao
Yokohama
Hongkew Peiping Iloilo
(Peking)
FOREIGN EXCHANGE and Generat 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 ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in
The Bank's Head Office in London LOCAL CURSETOY and Fixxn Deposits received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur business, and claires recovery of rencies on terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
Also up to date SAFE DEPOSIT Box in various sizes To LET Hong Kong. 25th September, 1939.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG: & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ad on application.
For the BONOKONG & BHANGHAI BANKING CORPORATION.
V: M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb., 1939
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Shouson Chow, Chairman
Li Koon Chan, Eag Li Lau Sang, Esq. P. K. Kwok. Eaq, Wong Can Son, Bag. Wong Tan Tong, Esq. Kan Ting Fo, Bag. Chan Ching Shok, Esq. Fang Ping Wak Enq
Kan Tong Fo, Esq., Chief Manager. Ei Tse Fong, Esq., Manager.
Amoj
Branches and Agenciar ;---
Bombay Daloutta Haiphong Black Hozolnie Kabe
Kowloos PEDAD Bingapore Loudou Rangoo Bourabaya
Bagon Swałow
Melbourne & Stan. Sydney
alade Tontin
VIACORTEI
Shangha
Every description of Banking and
Exchange business transacted. Loans
THE CHASE BANK
15. QUEEN'S ROAD, CENTRAL
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 CHABE NATIONAL BANK. New York, with Resources of over U.B. $3,900,000,000.
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 (BRANCHER 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: SHANGHAL Hong Kong Branch:
4, QUEEN'S ROAD, C.. South China. Offices:
KONGMOON TOISHAN KINGCHOW
granted on approved securities. CANTON" Current Accounts opened in Local | SWATOW Currency and Fixed Deposits re- SHIUCHOW ceived for one year or shorter We also handle the issue of Bonda periods in Local and Foreign Cur and other Public Fands of the rencies on terms which will be Chinese Government both at Home quoted on application. -
and Abrad.
SAFE DEPOSIT BOXES TO LET.
Calcutta
Kuala
Francisco
HAIPHONG FLAMBURO HANKOW
NEW YORK
TOKOHAMA
PRIPING
Canton
Lumpur Shanghai
Chefno
London
Singapore
Colombe
#4
Dairen
Malacca
Sungei
Foochow
Manila
Haiphong Muar
Swałow
Harbin
li
4
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000,00 Paid-Up Capital
5,698,800,00
Reserve and Undivided".
Profits
·2,883,93201}
New York Pari
感
Semarang
Priping
Dec. 5 Bettlement
60-10
3 months 230
unquoted
KAN TONG PO,
Chief Manager.
SHOU J. CHEN.
Manager.
MONEY AND
EXCHANGE
CLOSING QUOTATIONS On Bangkok-
OCTOBER 18, 1919
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3 1/4 On Shanghai:-
On demand
On Singapore:-
285
1 demand
52 3/4
On Japan:----
On demand
100
On India:-
Telegraphic Transfer.
and demand
Bank Bills, on demand 3'12/18 Credits, 60 days' sight 25 5/8
Un Batavia :—
On demand
On Paris:-
Un New York
5 8 8 8 5 5 8. $6
On demand Sterling Notes:-
Bank Buying Rate 1/4 Bar Silver per oz.
149 1/2
23 3/8
Market Report
FROM ROZA BROS.
Baturday, Oct. 28. The price for Ready Silver was unchanged yesterday at 23.3/8 but the Forward rate dropped 3/8
¡cember/January, buyers at 1/3.1/32
Cash and 1/3 December.
U.S. Dollars
There were sellers at 25 October probably 24.15/16 November, kuyers at 25.1/16 Cash and probably 25 November,
Shanghai Dollars Opened with sellers at 297 and at the close there were sellers at 288.
Shanghai Market
There were sellers at the opening at. 5.1/64 for Spot. The market closed steady with sellers at 5,1/8 for Spot. US Dollars opened with
to 22.7/8. Bliver advices reportedsellers at 11/32 and at the close
82 3/8 Speculators as having sold, Bears there were sellers at 8.7/16 for
covered to a small extent. The
Spot. was qulet but steady. market American Bliver was quoted at 34.7/8 for spot.
$8-3/4
Bank Bills, on demand iso Credits 4 months' sight 1145-
Un Baigonunda
· On demand'
108
Un Manila: Va
On demand).
49 0/8
The London/New York cross- rate was quoted at 402, New York/ London was quoted at 400,
Market Quiet, nothing doing.
Sterling There were sellers at 1/3 Octo- ber/November and 1/231/32 De-
New York Exchanged
New York, Oct 28 (Reuter). TT. on London (Opening Rate). 4.00,
Judia Rupee Paper
Bombay, Oct. 28 (Reuter). Govt 31% Rupee, 86-08-0.
Shanghai Exchange.
Shanghai, Oct 28 (Reuter).
Ometal T.T. Rates
INDO-CHINA
Open STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
London
0/4-1/4
New York
Гарад
India
1-1/8 30-1/4 23-1/2"
TO-
Paris Hongkong
3.11.
28-1/4
Bellers Opening Closing Spot
0/5
0/5-3/32 Oct ...... 0/5
0/5-3/32 0/4-15/16 0/5-1/16 Nov,
U.B. Dollar
Bpot
$8-11/32 $8-1/2
Oct
8-11/32
8-1/2
Nvo.
2-7/16
8-7/32 Market: -Very. steady.
Merchant Rates Sterling, 0/5-1/16 UA. Dollars, $8-7/16.
Calcutta Exchange
Calcutta, Oct, 28 (Reuter). 'T.T. on Japan, 79.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
For further particulars
please apply to--
JARDINE MATHESON&Co.,LT TELEPHONEĎZO3II -GENERAL MANAGERS
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