Oct. 31
November 1, 1939 STOCKS
Last Sale
9P
24
Lockheed Aircraft
Oct. 31
32
423
Loew's Inc.
371.
981
Mack Truck Inc.
31
1,093
Martin, Glen L...
41
33
Montgomery Ward
544
Σ
Amer, & Foreign Power ...
21
National Aviation
137
Amert & Foreign $7 pf........
· 283
at: Dairy Products
107
914
American Gas & Efec
351
Nat. Distillers
221
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK EXCHANGE
(KKUTER'S SERVICE)
London, October 31,
NEW YORK STOCK · EXCHANGE
STOCKS
The following quotations are the Adams Express middle prices at the close of the Alleghany Steel. Co. market in London. . All quotations) Allis Chalmers ...................... are subject to confirmation andį Aluminium Ltd no responsibility is assumed for Amer. Can ........... errors in transmission,
War Loan, 31% (Red
after 1952)
American Cyanamid B
QUOTATION
Last Bale
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
J.
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
THURSDAY, NOVEMBER 2, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 incorporated by Royal Charter, 1855
Paid-Up Capital £6,500,000 Reserve Fund
41-
BANKING CORPORATION
Authorised Capital $80,000,000
Reserve Funds; "
£3,000,000
Sterling
.£3,000,000
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
£3,000,000
Proprietors
#20,000,000
HEAD OFFICE: LONDON:
Board of Directore: Hon. Mr. A. L. Shields,
...
Canton-Kloon Rly. 5%
10
Amer. Locomotive.... .....................
261
Nat Power & Light
31
Chinese 41% Gold Loan
.
Amer, Metals Co.
263
National Steel Corp.
SINGAPORE RUBBER
1898 (Bri Ikarie)...... 42. Chinese 5% Gold Bonds.
3
Amer, Radiator
104
Nat Supply Corpn.
11}
SPOT
36
New York, October 31. October 30 October 31
buyers 38-1/2 buyers
up 1/2
Amer. Rolling Mil
201
New York Central
211
JAN.-MARCH
1925-47
3$
Amer, S'ting and R'ing Co.
54
Niagara Hudson Power
Chin. 41% Anglo-French
71
APRIL-JUNE
34-1/2 34
35 34-1/2
up 1/2
up 1/2
Amer. Tel & Til
-1871
N. American Aviation A
Loan, 1908
33
27
Arner. Tobacco "3"
82+
Chinese 5%. Crisp Loan,
North American Co. .........
The market was steady,
22†
Amer. Waterworks
13+
|Northern Pacifie
1912 ...
20
11
Anaconda Copper
$31
Owens-Illinois Glass Co.
Chinese 5% Rearg, Loan.
1913 (Ldn. I.)
051
Atchison. T. & S. Fe.
303
Pacific Gas & Elec.
20
31-+
Chinese 8% Ster. Notes,
1925 (Vickers)
Auburn Motors ...
Pacific Lighting
47-1
8
*
Baltimore & Ohio
71
Packard Motors
{Barber Asphalt C
171
3-1
Paramount Pictures
Chin. Imperial Rly. 5%
141
8-1
LORD
47
Barnsdali OLL
Pennsylvania R.R.
25-1
Honan Riy. 5%
12
Bendix Aviation
321
Phelps-Dodge
Huxnang Rly. 5%. 1911...
Bethlehem Steel
89.
41-7
Phillipa Petroleum
12
43-1
171
Hukuang Rly, 5%, 1011
Bilas & Co.
Pittsburg Coke & Dron
10-1
(German Issue)
12
Boeing Airplane Co.
291
Public Service of NJ,
Lang Tsing & U. Hai Rly.
Borg-Warner
261
39-1
Pullman Inc.
5% 1913....
10
|Bigga M*facturing
241
36-1
Pure Oll
8-4
--111
8'ba!-N'king Rly. 6%.....
12
Brooklyn-M'hattan
TraDS.
Radio Corp of Am,
5-1
51
Tientsin-Pukow Rly. 5%
Canadian Pacific R'way.
Reading Company, Com:
281
19-
(Brit. Stpd.)
11
Celanese
Reading Company, ist pid
28*
421
Tientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl Loan) 11 Tientsin-Pukow Rly. 5%
Chesapeake & Ohlo
Remington Arms Co., Inc,
5-1*
891
11
Chrysler Corpo.... ..........
Republic Aviation Corp.
473
5-4
Climax-Molybdenum Co.
Republic Steel .......
....
28-4
87
Colts Patent Fire-Arms
Reynold Tobac, “B”
37--
Columbla Gas & El.
71
Bafeway Stores
45-1
32
72
(Ger. Stpd. Supl. Loan) 11 Jap. 5% Bter. Loan, 1907–421 Jap. 6% Ster. Loan, 1924 48 Ger. 7% Intl, Loan, 1934 8 Chartered Bank
| Columbia 6% “A” pl.
Schenley Distillers
14-1
44
Sears Roebuck
Commerzial
84-1
11
¡Shell Union Oil
Consolidated Edison
14
311
Consolidated Oil
Bocony-Vacuum Of
13-1
8
Southern Pacific
Continental Can
-16-1
26
HK. & S'hal Bank (Ldn.
Continental Oll
Southern Rly 35 pfa,
33-
91
Reg
77
Curtiss-Wright (C)
Sperny
48--
H.K. & 8'hai Bank (Col,
Curtiss-Wright "A"
294
Spicer Manufacturing Co.
32-1*
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec.
Prev. To-day's High Low Close Close Change 9.14 9.04 9.14 9.09 .05 o 20.40 20.15 19.95a 20.25 30 Up
861 851
861 861
up
231
Reg.)
Deers & Co.
Standard Brands
Chinese Eng." & Mining,
(bearer)
Distillers Corpn. Seagrams
151
Stand Gas & Elec.
2-7
13/0
Douglas Aircraft
34
Standard Oll of California
27-1
Chicago Corn, Dec. Winnipeg Wheat, Dec. New York Hides, Dec,
502 50
50 50% 601 891
up. unch.
14.20 13.70 14.18 13.65b 53 off
130
Chosen Corporation
Standard Oil of NJ.
5/6
Du Pont de Nemours.....
46-2
NEW YORK COTTON
Close
Opening
Closing
Change
Pékin Syndicate
Eagle Picher Lead
133
Stone & Webster
13-1
December
9.13/14
S'hal Elec. Constr. Co.
Enton Mig. Co.
281
Swift International
9.14/14
9.09/09
.05 of
32-1
January
9.09 N
9.08/07
9.02/02
.07 off
S'hal Waterworks "A",
381.
10
Elec. Autolite
Technicolor
14
March
8.99/99
8.99/98
8,91/92
07 off
Union Insurance
19
Elec, Bond & Share
91
Texas Corpn.
46-7
May
8.29/89
8.88/88
J
8.32/82
Gula Kalumpong Rubber
16/3
603
Blee. Bond & Share $5 pf.
rexes Gulf Sulphur
36
July
8.73/75
-8.73/74
8.85/86
.09 off
Allied Ironfounders
14/8
Elec Bond & Share $8 pí.
684
Trans-Amaries · Oc.
B-1
•Asso. & Elec. Industries
39
Elec. Power & Light $7 pt.
34 +
July (New contract)..
8.94 N
8.92b/934
8.86 N
.08 off
20th Cent. FUI.
14-1
Spot
9.34 N
9.30 N
.04 off
Austin Motors, ord. ....
16/3
Gen. American Trans.
571*
20th Cent, Fux. $ij pí.
23-3
Cable & Wireless, New
Form, crd.
Gen. Electric
40
Union Carbide &z Carbon
NEW YORK RUBBER
87-
431
544
Union Pariat
December
Gen Motors .....
101-4
B.-A. Tob. (bearer)
88/3
Jen. Railway Signal
22
United Aircraft
47-1
March
Mercantile Bank
11
Glidden Co.......
IB
United Airlines Trans.
12-1
May
Cammell Laird, ord.
8/8
Goodrich (B.F.)
213
United Corpn.
2-1
July
Mexican Eagle
7
Goodrich $5 pf.
United Corpn. $3 cm. på.
36-4
September
19.90b/95a 20.20/20 18.723/75a. 18.00/19.00 18.40b/45a 18.50b/80a 18.20b/258 18.70 A unquoted
20.25/25 18.90/91 18.59b/80% 18.40/40 unquoted.
30 up
16 up .15 up .15. up
Courtaulds
21/6
Goodyear Tire & Co.
271
United Gas Corpm
2-1
CHICAGO WHEAT
Distillers
64/6
Great Northern Iron Ore
181
United Gas Improvement
14-1
December
B6/B01
961/88
861/861
ар
Dunlop Rubber
26144..
Great Northern Riy, pid.
291
UB, Industrual Alcohol,
25-May-waghaham.. 851/864
853/85
851/88
up
Gen. Electric (England)
75
Great Western Bugar
301
US. Rubber
41-7
July
841/84
843/84
up
Guinness (A) Son & Co.
84/9 ·
Greyhound Corpo
17%
JU.S. Rubber $8 píð.
109
Hawker Siddeley Airc....
14/100
Hercules Powder Co.
851*
U.S. Steel
75-1
Bristol Aeroplane...
16/41
Homęstake Mining
-651
Vanadium
Monday's sales:-16,739,000 bushels... CHICAGO CORS
30-1
December
Imperial Chemical Ind.
20
International Harvester
63
Walworth Ca
502/501 50/501
501/501
קט
6-J
Imperial Tobacco
116.
int Nickel
403
Warner Bros. Pict.
4-1
May
523/53
527/521
531/631
up
July
634/534
54/64
Marks & Sp'cer "A" ord.
49/41
nt. Tel. & Tel.
51
Westinghouse Hec. microser
114-2
Rolls Royce.....
95
Laughlin Steal $7 pfd.
76*
Woodward Iron Cor.
27-1
WINNIPEG WHEAT
Leyland Motors
8/6
Tennecott Comper
391
Chase National Bank
· 38-4*
October
8917691
691/691
unch.
Tate & Lyle.
59/4
Lakey Foundry & Mac..
37.
National City Bank
29*
December
701/701
701/701
701/701
off
Turner & Newall
74751
Ibbey-Owens-Ford
Glass 511
May
754b
751b.
of
United Steel ......................
22/9
NEW YORK HIDES
Smethwick Drop Forg.... 13/9
*bild.
t-ex. dlv.
December
Armstrong Stevens, ard. 5/8
Pressed Steel, coza,
14/3
Vickers, ard."
|:
17/4)
1939
Woolworths
58/6
Hizb
Low Dow Jouse Averages
Anglo-Dutch"......
28/9
155.99 11.44 30 Industriala
35.90 24.14 20 Raile
31.38
Rub. Plant. Invest. Trust 30/6
27.07. 20.71 20 Utili
26.07
.
Burma Corporation ......
9/6
29 29 88.51 40 Bands
90.27
41
Commonwealth Mining..
80.53 45.59 21 Commodity Index 66.10
Marsman Investments... 12/6
90.24 .03 off 54.87 Business Done-1,010,000 shane"
DOW JONES AVERAGE
Nov. 1, 1838. Oct. 30, Hin Low Close 163 32
159.24 151.88 151,88 1.33 off 24.14 33.77 33.91 1.47 off 27 off 26.07 25.67 25.80
of Shanghai Exchange
March
June
14.18/18 14,15b/23a 13.85b 14.41/41 14.40/50 13.94/04 14.70b79a 14.88b/75a 14.27/27
453 off .47 off 48 off
NY Silver. Official
34-3/4
Chang
NY-London Cross Rate 3.99-1/2
34-3/4 4.00
Randfontein Estates
35/74
Western Holdings
10/6
Sub-Nigel
195
Tanami Gold Mining..
3d
Anglo-Iranian
61/3
Burmah.......
·64/41
Shell Trans. & Trad
Shanghai, No. 1 (Reater).
Official TT. Bates
1
Opening
London
D/4-3/2
New York
7-7/18
Japan
-21-7/8
Tritida
24-7/8
Paris Hongkong
3.30
LONDON GOLD
29-1/$
Sellers
London, Oct. 31 (Reuter). Bar Gold, Fine per oz, 168,
COTTON: December position was steady due to the strength of spots. Distant positions show hesitation on the absence of news regarding the Loan announcement. There was a moderate amount of speculative profit-taking and realising:
RUBBER: The market was steady, being largely the resection of the firmness of the London and primary markets. Reports of London buying are continuing. Manufacturers bought, while dealers sold only on advances,
WHEAT: Continued drought reports and the strength of Cash wheat stimulated the market. Lack of an indication of early rellet is an additional bulish factor.
HIDES: The market was heavy, reflecting the seasonal rise in supplies and the uneasiness of the stock market. Tanners showed no interest on declines. The market lacką rallying power.
NEW YORK STOCKS: Previous close, 153.21; Today's close, 151.88; Change, off 1.33.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. E. Levy & Company)
..
HONGKONG
OT off
SHAREBROKERS
ASSOCIATION
Volume Of Business Transacted
on Wednesday, Nov. 1, 1939, HK. Docks
300 $18.25
Head Office:-HONG KONG
Chairman.
Deputy Chairman.
W. H. Lock, Esq.,
J. E. Bousfeld, 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,
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Chief Manager.
Dairen
Branche:
Penang Rangoon Saigon San
Sourabaya
Haiphong Muar Swatow Hamburg (Jobore) Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao Eongkew. Peiping Yokohama Moila
38, Bishopsgate E.02
Sub-Agencies In London: 117122, Leadenhall Street, E.0.3 West End Branch: 14/16, Cockspur Street, B.W.1. Manchester Branch:
5 Mosley Street, Manchester, 2.
KATRIN
AGENCIES AND BRANCHES:
ALOR STAR
PENANG AMRITSAR HÙNG TONG HANG DON ILOILO
BATAVIA
МУСКОГ
SAIGON
IPOH
BERIHRAN
KARACHI
SHANGHAI
KLANG
SINGAPORE
BOMBAY
GALOUTTA
AGENCJEST KOR
CLITE STREET KUALA - Fiat Place
CANTON
DAWNPORE CERU COLOMBO DELBI HAIPHONG HAMBURG HANKOW
LUMPUR KUCHING
MADEJA
MANILA
MEDAN
NEW YORK PRIPING
(Peking)
BITIAWAN
BOURABAYA
TAIPING
TIENTSIN
TONGKAH
(Bhuket)
TRINITAD
YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITA -received for One Year or shorter perioda, în Local or Other Currencies at rate which will be quoted an application...
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable
CURRENT ACCOUNT opened in on application. LOCAL CURRINGŸ and Fixed Deposita 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
Atao up to date SAFE DEPOSI? any of the Agencies and Branches. Boxes in various sizes To' Lat.
B. A. CAMIDGE, Hong Kong, 25th September, 1959.
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain ed on application.
For the HoxGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1999.
BANK OF EAST ASIA,
Authorised Capital.....$10,000,000.00
Board of Directors:
Sir Bhouson Chow, Chairman
Li Koon Chan, Esq
Li Lan Bang, Bag.
P. E. Kwok Esq. Wong Chu Skm, "Esq. Wong Tun Tong, Esq. Kan Ying Bo, Eng. Chan Ching Shok, Esq. Fung Ping Wah Enq Kan Tong Fo, Esq., Chief Managır. Li Tas Fong, Raq., Manager.
Branches and Agencies 5-
Amoj
Kowloo Paning Klagapore Batavia. London Rangoon Soursays Bombay Manila Saigon Bwstow Calzatia Melbourne Sen Pran- Bydney
Motion Mentala
New York Beanitie
Shangha
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STEERY,
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 ΤΗΣ CEAE NATIONAL BANK, NEW YORK, with Besources of ove U.8.$2,900,000,000,
D. H. BIGGAR,
Second Fica "Pres
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 ChÏïa) Owing to our numerous Branchez in China and connections in the principal Commercial Contras 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:
KONGMOON TOISHAN
KINGCHOW
Every description of Banking and Exchange business transacted. Louna granted on approved securities. CANTON
Current Accounts opened in Local SWATOW Currency and Fixed Deposita re SHIUCHOW 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 rencies on terms which will Chiness. Government both at Home
and Abroad.
quoted on application.
BATE DEPORT BOXES TO LET.
KAN TONG PO
Chief Manager.
SHOU J. CHEN,
*Manager.
Amoy
Ipoh
Bangkok
Johore
Batavia
Kobe
Bombay
Kowloon
Calcutta
Kuala
Francisco
Canton
Lumpur Shanghai
Chefoo
London
Singapore
Colombo
Lyons
Malacca
Foochow Manila
Sungei
Patani
LIMITED
Paid-Up Capital
Beserve and Undivided
Profits
3,398,000.00.
2,883,232.01
Head Office-HONG KONG No. 10 Des Voeux Road, Central.
Haiphong
Flacco Bosutulu
Kobe
Paris
Peiping
Yamponyer
Bratring
(bearer) .....
*-Nominal
SILVER MARKET
LONDON SILVER
MONEY AND EXCHANGE
CLOSING QUOTATIONS
NOVEMBER 1,
1939
On London:--
Telegraphic Transfer. 1/2-7/8 Bánk Bills, on demand!/2 7/8 Credits 4 months' sight 1,3 1/4 On Shanghai:- On demand
London, Oct. 31 (Reuter). Silver-America Bold Bears On Singapore:- covered. Business small. Market On demand quietly steady at the decline. In On-Japan:- the afternoon, the market was . On demand very quiet, with buyers' satisDed:
Spot, 23-1/44.
Forward, 230.
NEW YORK SILVER
New York, Oct. 31 (Reuter)."
Oficial Price, 34-3/4.
BOMBAY SILVER
Bombay, Oct. 31 (Reuter).
Market-Steady.
Dec. 5 Bettlement
On India:--
Telegraphic Transfer.
and demand
Un New York:----
¡Market Report
FROM ROZA BROS.
Wednesday, Nov. 1. Silver prices dropped 3/18 yea- terday for both deliveries, the quotations being 23.1/4 for Ready and 23 for Forward. Silver ad- vices reported America as having sold. There was some bear cover- Ing. The market was steady but quiet. American Bliver was quot ed at 34.3/4 for Epot.
Opening Closing 0/5-5/64 0/4-31/32 0/5-3/64 -
240
Spot Nov. Dec,
0/5
*0/4-63/64
62 3/4
3
105
Jez
The London-New York CROSS- rate was quoted at 402, New York-London was quoted at 400.
U.S. Dollars
~$8-9/16′′ "Spot" Nov.
8-1/4 + Dec.
$8-15732 8-13/32 8-1/4
38
}
Dull.
Bank Billa, on demand 24 3/4 Credits, 60 days' wight 25 5/8
Jn Batavia:—.
On demand
On Paris:-
Offtake 20 bara,
Indian Mint Silver
Bank Bills, on demand 1090 'Grędita 4 months sight 1145
Ready
60-01
On Saigon sa
Nor, 4 Bettlement
On demand
108
60-05
hi Mahia:-
Op demand
49 2/1
On Bangkok
On demand
1a 12'
Sterling Notes:--
Bank Buying Rate -... 1/4 Bar Silver per os....
23 1/4
New York Exchange
LONDON METALS
EXCHANGE
London, Octag. (Router). buyuk #ellers
Standard, Casti #30 "Standard.
3 months 230
New York, Oct. 31 (Reuter)..
Market
Sterling... There were sellers at 1/3 Cash and 1/2.31/32 November-January, buyers at 1/3.1/32 Cash azid 1/3! December.
Market:-Quiet.
Merchant Bates
Eterling. 0/5-1/32. U.3. Dollars, 68-3/8.
Stiver Duty Bate
U.S. Dollars
The Central Bank of China's Sellers at 24.15/16 November, rate on London at 10.2.m. to-day buyers at 25.1/16 Cash and 28 first was 1/2-1/21, unchanged from halt December.
“Shanghai Dollars Opened with sellers at 291, The highest rate touched was 297, The market closed with sellers at 291,
| Shanghai Market
yesterday
The Equalisation rate was 23)| per cent,
Sterling sellers were quoted at Calcutta Exchange
the opening at 5d. for Spot." "Sub-|
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
Operating Bervices for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSI
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN HAIPHONG
For further particulars.
please apply to
Calcutta, Oct 31 (Reuter),
sequently the market eased off TT. on Japan. 19. slightly to 431/32 At the close sellers were quoted at 5.1/16 for
Spot. US Dollars opened with India Rupes Paper
unquoted
-TT. on London (Opening Rate), sellers' at 8.5/18 for Epöt and clos- Bombay, Oct. 31 (Rauter), unquoted 3.99-34.
ed with sellers at 3.15/32 for Spot | Govt. 31% Rupee, 85-08-0.
JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL GENERAL MANAGERS.
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