1939-11-11 — Page 10

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, November 9.

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 Allied Stores

Allis Chalmerà ..................... are subject to confirmation and no responsibility is assumed for Aluminium' Ltd errors, in transmission,

Chin. Imperlai Rly. 5%

Tientsin-Pukow Rly. 5%

558

QUOTATION

PAYNE & CO.

J

COMMODITY

BROKERS

STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY. MARKET REVIEW

(FROM PAYNE & CO.)

COTTON: There was a consistent foreign and domestic trade demand. Sentiment was more favourable on the Government. Loan being offered in a liberal way. Spot offering was light, as pro- ducers are taking advantage of the Loan. We would remain to be bullish.

RUBBER: The market was qu'et but steady. There was ap- parently a good demand at under market prices. The weakness of Sterling, however, continues to be a restraining factor.

WHEAT: Prices today declined on a forcast of rains in the South-West Exports were poor. We would be cautious.

HIDES: The market eased in sympathy with the Stock market. The weakness in Sterling is ap adverse factor. Tanners stood by -pending further developments,

M

NEW YORK STOCKS: Previous close. 150,35; Today's close. 148.75; Change off 1.60.

NEW YORK COMMODITY MARKET

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

SATURDAY, NOVEMBER 11, 1939.

BANKS

;

MONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

“INDIA, AUSTRÁLIA

1 N

AND CHINA Authorised: Capital......... 850,000,000 | Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1885 Reserve Funds:

£3,000,000 Paid-Up Capital Sterling

£8,500,000 Reserve Fund

...£3,000,000 HK. Currency Reserve $10,000,000 Reserve Liability of Pro-

prietors

£3,000,000 HEAD OFFICE: LONDON:

Leserve Liability of

Proprietors

8

$20,000,000

Head Office:-HONG KONG

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

W. H. Lock, Esq..

Chairman.

Deputy Chairman.

J. K. Bousfelä, Esq., .. A. H. Compton, Esq., Hon. Mr. 8. E. 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.

38, Rishopsgate E.C.

Sub-Agencies In London; 117/12, Leadenhall Street, E.C.3. West End Branch:

14/16, Cockspur Street, 8.W.1. Manchester Branch: 39, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

CALCUTTA

AGENCIES KOBE CLIVE STREET ``KUALA ¦ FAIRLAK PLICE

CANTON

CAWNPORE,

KUCHING

ALON STAB AMRITSAR BANGKOK

BATAVIA BOMBAY

HARBIN

PENANG HONG KONG RANGOON ILOILO

IPCH

BAIGON

SEREMBAN

"KARACHI

KLANO

SHANGHAI

SINGAPORE

SITIAWAN

SOURABAYA

LUHTUS

TAIPINO

TIENTAIN

TONGKAH

Amoy

Bangkok Johore

Kobe

Penang Rangoon Saigon

(Bhuket)

MIDAN

TRINGTAO

Kowloon San

Calcutta

Kuala

Francisco

HAIPHONG HAMBURG BANKOW

NEW YORK PRIPING

(Peking)

Lumpur Shanghai

London Singapore

Colombo

Lyons

Dairen

Malacco

Sungei

Foochow Manila

Batavia Bombay

Canton Chefoo

Branches: Ipoh

Sourabaya

Patani

Haipnong Muar Swatow Bamburg

(Johore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao

Yokohama Bongkew Teiping Iloilo

CUREINT

Степ

COLOMBO DELKI

"MADRAS

MANILA

TUKOHAMA

FORRIGE EXCHANGE and General Banking Business transacted.

Connis Accounts opened and FIXED DEPOSIT 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 CORRENCY and FixED DEPOSITE The Bank's Head Offer in London. received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur-business, and claima recovery of rencies on terms which will be British Income Tax overpaid, an quoted on application.

Atao up to date Ears Derosi Boxin various sizes To LET Hong Kong, 25th September, 1939.

HONGKONG SAVINGS

a

Last Sale

NOV. 10, 1939

STOCKS

Last Sale

Nov. 9

Kennecott Copper

Nov. 9

38)

221

Lakey Foundry & Mac..

4

OF

· 40}

| Libbey-Owens-Ford

Glass

501

Lockheed Aircraft

30

102

{new's Inc.

347

Amerada Corp. Amer. Can.

1671

Mack Truck Inc.

1 333

War Loan, 31% (Red

after 1952) Canton-Kloon Rly. 5% Chinese 41% Oold Loan

American Cyanamid B

291

Manhattan Shirt Co.

918

Amer, & Föreign Power

22

Martin, Glen. L.

41

17

Ameri & Foreign $1 pl.

273

McKesson & Robbins, pid

New York, Nov. 9, 1939,

Monsanto Chemical

105)

American Gus & Elec

371

SINGAPORE RUBBER

November 8

1898 (Brit. Issue)...... Chinese 5% Gold Bands,

1925-47

Amer." Locomotive ............................

237

Montgomery Ward

541

Amer. Metals Co.

National Aviation

131

buyers sellers

Nov. 9 buyers" sellers

change

251

Sat. Dairy Products

151

SPOT

37-3/4

52

Amer. Radiator ..............

101

Chin, 41% Anglo-French

Amer, Rolling Mill

172

Vat. Distillers

233

JAN.-MARCH

36-1/4

37-3/8 35-7/8

of 3/8

off 3/B

Loan, 1908

50

Amer, S'ting and R’ing Co... 511

National Gypsum

11

APRIL-JUNE

35-3/8

35

of 3/8

National Lead

21

Chinese 5% Crisp Loan,

Amer, Sugar Refning

... 223

The market was quiet.

1912

Amer. Tel. & Tel

1681

Nat. Power & Light .....

8

Chinese 5% Reorg. Loan,

Amer. Tobacco “B”

National Steel Corp.

74

701

1913 (Lan. Is.)

Amer. Waterworks

123

Nat. Supply Corpn.

10

Chinese 8% Ster. Notes,

Anaconda Copper

New York Central

10

321

1925 (Vickers)

Atchison. T. & S. Fe.

253

Niagara Hudson Power

**

N. American Aviation

271

Auburn Motors ...

34

Loan

50

Baltimore & Ohio

61

North American Co...

24

Honan Rly. 5%.....

15

darber Asphalt Co

1641"

Northern Pacific

10%

Hukuang Rly. 5%, 1911...

17

Barnsdall 011

Owens-linois Glass Co.

613

141

Pacific Gas & Elec.

31

Bukuang Rig. 5%. 1911

endix Aviation

31

German. Issue)

18

Bethlehem Steel

831

Pacide Lighting........

473

Lung Tsing & U. Hal Rly.

3llas & Co.

18

Packard Motors

31

1913

14

Bueing Airplane Co.

271

Paramount Pictures

81

shai-N'king Rly. 5%.....

20

Borg-Warner

.251

Pennsylvania RR.

241

Tientsin-Pukow Riy. 5%

3lggs M'facturing

234

Phelps-Dodge `.

401

(Brit. Stpd.)

14

Srooklyn-M'hattan Trans.

1χ

Phillips. Petroleum

41

Tientsin-Pukow Rly, 5%

Brooklyni-Manhattan $6

401

Pittsburg Coke & Iron

101*

German Stpd.)

14

Canadian Pacific R'way.

51

Public Service of N.J

397

Tientsin-Puko

Rly. 5%

Case J. I

79

Pullman Inc.

35

Brit. Stpd. Supl. Loan)

14

Celanese

Z

"Puré Oll

BA

Chesapeake & Ohio

404

Radio Corpn. of Am.

8

Ger. Stpd: Supl. Loan) J. 5 Ster. Loan, 1907

14

Chrysler Corpn

261

Reading Company, Com:

171

501

| Cllmax-Molybdenum Co.

481

Reading Company, 1st pfa

26

Jap. 6% 8ter. Loan... 1924

581

Colts Patent Fire-Arms

867

Remington Arms Co., Inc.

53*

Prev. To-day's

Ger. 7% Intl, Loan, 1924

B

Columbla Gas & 3......

62

Republic Aviation Corp.

63

Chartered Bank

81

Columbia 6% “A" #Í.

817*

Republic Steel

231

HK. & S'hal Bank (Ldn.

Commercial Credit Co.

461

Reynold Tobac. “3′′

374

New York Cotton, Dec.

Regi

85

Com. & Southern (ord)

13

Richfield Oll

81

New York Rubber. Dec.

E.K. & S'hal Bank (Col

Colmonwealth 38 cum, píá:

Safeway Stores

48

Chicago Wheat, Dec.

Reg.)

Consolidated Edison

3011

Schenley Distillera

13

Chicago Corn, Dec.

New York Hides, Dec,

High Lov Close Close Change

9.39 9.30 9.22

.13 "up 9.35 20.42 20.26 20:41 20.40b .01 of 883 861 834 851 11 of 503 50 50+ 50

of 14.05 13.80

14.08 13,88

20 off

Chinese Eng. & Mining

Consolidated Oll

71

Schenley Distillers 854 pid,

(benrer)

19

|Continental Can

4"

Sears Roebuck

8211

NEW YORK. COTTON

Close

Closing

Change

Chosen" Corporation

5/6

Continental' Oil

251

Shell Union Oil

124

December

8.22/24

9.33/34

9.35/35

13/

Fekin Syndicate

Corn Products

€3

|Socony-Väceara Oil

S'hal Elec. Constr. Co.

13/0

Bhai Waterworks "A"

Curtiss Wright (C)

103

Southern Pacific

161.

January

9.15 N

9.26/26

9.27 N

.12 up

March

11

Curtiss Wright “A”

291

| Southern Rly 35 pfd.

301

9.03/04

9.18/17

9.38/18

May

8.91/91

9.02/02

9,00/00

.09 up

Union Insurance...

221

Cula Kalumpong Rubber

Jeere & Co.

33

Sperry

473

July

19

Distillers Corpn. Seagrama

163

Spicer Manufacturing Co.

301

8.74/74

8.86/85.

8.81/81

07 up

July (New contract)

8.96'90

9.07/07

9.02 N

.00 up

Allied Ironfounders

15/3

Douglas Aircraft

801

Standard Brands

51

Spot

9.47 N

9.60 N

.13 up

Asso, & Elec. Industries

40

Du Pont de Nemours

177

Stand Gas & Mec;

24

Austin Motors, ord.

18/3

Eagle Picher Lead

123

Standard O of California

271

NEW YORK RUBBER

45

Cable & Wireless, New

Baton Mfg. Co.

273

Standard Oil of N.J.

472

December

20.41/45

20.200/418. 20.406/45

01 of

Form, ord.

49

Slec, Autolite

361

Stone & Webster

121

March

B-A. Tob. (bearer)

02/6

Elec. Bond & Share...

21

Swift International

311

May.....

18.12 '12

Mercantile Bank

11-7/18

lec. Bond & Share $5 pt.

583*

Technicolor

13

July

17.75b80a

Cammell Laird, ord.

8/6

Elec. Bond & Share 56 pf.

684

Texas Corpn.

401

September

unquoted

18.50b/606 18.48b/50 18.00b/28a 18.10b/12a

17.67. N 17:73/73

unquoted

12 off 20. off .C8 CIT

Mexican Eagle

6/101

lec. Power & Light $7 pf.

31%

rexes Gulf Sulphur

331

.

*Total saes for the

day:-1,210 tans.

Courtaulds

*.30/4"

Funtkote

20

Trans-America Co.

CHICAGO WHEAT

Distillers

88/0

Food Machinery Corp.

20th Cent, Fox.

14

Dunlop Rubber

27/7

Gen. American Trans.

551

20th Cent. Fox. $1ą pí.

231*

December

881/881

881/88

- 87/861

Gen. Electric (England)

75

Gen. Electric

381

Union Carbide & Carbon"

87

May

87/861

862 801

Guinness (A) Son & Co.

84

Gen. Motors .....

541

Union Paciāc

1001

July

841'85

647/841

852/85 831/831

11 of 11 off

1 of

Hawker Siddeley Airo.... 10/10 Bristol Aeroplane Imperial Chemical Ind. ́30/4

Gen. Railway Signal.

193

United Airersit ........

471

16/74

Gen, Tire & Rubber

221

United Airlines Trana.

12

Glidden Co.

178

United Corpn.

...

21

CHICAGO CORN' December

50/501

50+/50%

301/50

off

Imperial Tobacco .........

118/0

Goodrich (B.F.)

193

United. Corpn. #3 cum pt. 37)

May

527/527

521 523

527/521

i off

Marks & Sp'cer "A" ord.

51/7

Goodrich $5 pt.....

65

United Gas Corpo.

21

July

531/531

537/531

Holls Royce

97/8

Goodyear Tire & Co.

254

United Gas Improvement

14

Leyland Motors

88/9-

Great Northern Iron Ore ...

181

U.S., Industrual Alcohol

23

NEW YORK HIDES

Tate & Lyle

58/6

Great Northern Rly, pid.

271

UA. Rubber

391

December

892

6of b

Turner & Newall

73/11

U.S. Rubber 38 pts.

1111

May

Great Western Sugar

30

United Bteeì

De 22/44

Smethwick Drop Forg... 13/3

Greyhound Corpn...

17

U.S. Steel

70

July

143 b 781 b

691 b 75 b

unch.

701 b

tup mich.

"

Vanadium

34y

WINNIPEG WHEAT ·

Armstrong Stevens, ord.

Hercules Powder Co.

83

6

Walworth Co.

72

December

14,08-08.

13.97/97

Pressed Steel, com.

Homestake Mining .

58

15

Vickers," ord.

International Harvester

вод

Warner Bros. Pict, ........

#

March

14:30/32

14.28/28

13.83/8 14.10/11

20 60

.20 OFT

Amoy

Bezaria

London

17/41

Westinghouse Hoc.

1104

June

14.58 N

14.53/53

14.40 N

.18 off

Bombay

Manila

Woolworths

Int. Nickel

40

62/3

Woodward Iron Cor.

234

New York, Official ......

** 34-3/4

the Tel. & Tel.

43

Anglo-Dutch

2873

Johns-Manville

764

Rab. Plant. Invest. Trust 32/3

J. & Laughlin Steel 3 pid: 751

Chase National Bank National City Bank

36*

NY-London Cross Rate 3:01

Calenta Halphong Hakkow

Bagnenka

New York

Hepiala

Keba

Burma Corporation

9/21

Commonwealth Mining..

Marsinan Investmenta..:

14/9

*-bid.

Randfontein Estates

37/4

DOW JONER BAVERAGE

Western Holdings

11

Sub-Nigel PRAJEROSIONS 203/9 Tanami Gold Mining........... 3d

1939

High Low Dow Jones Averages

155.87 121.07/20 Endustrials

Anglo-Iranian

60/95

25.90 24.14 Kalle

Nov. 10, 1929. Nov. 8, High Low Close 1503 160.87 7:18.03 148.75

2344

Chanks

TIN

(1 60 off

3361 32.85 3289

Week-ended

· buyera

sellera

Burmab

63/9

97.07 20.70 90 piliak

Shell Trans.

111 8 Bonds

25.45 90.47

28.00 25.70 25,73

21 off

(bearer)

86/3

60:52 45.59 11 Commodity Index 55,60

90.30 55.0%

10% OF .48 0

Business Done-1,200,000 shares

Week-ended

Week-endad Nov. 3

Nov, 2 Nov 9 $578,000,000 $472,000,000 $467,000,000

Standara, Cash 239

tandard.

unquoted

3 months 230

unquoted

*—Nominat

SILVER MARKET

TONDON SILVER

London, Nov. 0 (Reutar), Silver-Speculators bought Bast- ness small. Markét, steady, To the afternoon, the markot 'was quietly steady,

Spot, 23-1/2a.

Forward, 23-5/100.

NEW YORK SILVER

New York, Nov. 9 (Reuter).

Official Price, 34-3/4.

BOMBAY SILVER

Bombay, Nov. 9 (Reuter).

Tadian Mint Silver

Deady....

Dec. 5 Settlement Jan. 6 Settlement

61-13

#2-00

.66 of

WEEKLY RETURNS AND REPORTS

Public Deposits

BANK OF ENGLAND

Other Deposita :-...

Bankers

Other Accounts Total

18.60/60

Opening

Wednesday's sales:-14,155,000 bushels

(Reuter).

BROKERS' LOANS

" New York, Nov.

Loan on securities to brokers in New York:-

3.85"

13 up

.15 up

off

LONDON METALS

EXCHANGE

London, Nov. 9 (Reuter).

11

3

BANK

The Business of the above Bank in conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1839.

BANK OF EAST ASIA,

LIMITED

Authorised Capital......$10,000,000.00 Paid-Up Capital .......... 6,698,600.00 | Beserve and Undivided

Profits

-

2,883,832.01

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

Board of Directors:

Bir Showson Chow, Chairma Li Koon Chan, Esq. Li Lan Suds, E. P. K. Kwak. Esq. Wong Chu son, £wq, Wong Tun Tang, Meq. Kan Ting Poy Raj. Chan Ching Shuk, Kaje Fang Play Wah Boq

Kan Tong Pu, Esq., Chief Manager. Li Tre Fong, Esq., Manager.

Branches and Agencial p

Karbon

PRANK Singapore Rangoon Sourabaya Saigon Bwxiow

Malboro Ban Fran. Sydaný

Putying

oleon Bentela Sest's VADORYSF

Bemurang Shanghai

Strang

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

Current Accounts opened in Local Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.

But Drosit Boxes To Las. -

KAN TONG PO,

Chief Manager,

INDO-CHINA

terms which may be ascertained at dny of the Agencies and Branches.

B. ́A. CAMIDGE,

Manager.

THE CHASE BANK

18, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

•

13, PINE STEXET,

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 CHASE NATIONAL BANI, New York, with Resources of over U.S.$2,900,000,000,

D. M. DIGGAR,

Second Vice Pres

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHẲNGE"

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing

our numerous Branches in China and connections in the principal Commercial Contros of the World, we are able to extend o our Clients special facilities for Domestic and Foreign Banking and Bxchange.

Head Offee:--SHANGHAI Hong Kong Branch:

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

CANTON SWATOW SHIUCHOW

4

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chiness Government both at Home and Abroad.

BHOU J. CHEN,

Manager.

STEAM NAVIGATION COMPANY LTD THE MERCANTILE BANK

101,888 Operating Services for Cargo and Passengers

London, Nov. 9' (Reuter).

Nov, 2

Nov. 9

£

20,540

21.270

114.800

42.900

167,700

41,483 143,340

TO-

Government Securities

105,340

102,250

SWATOW, SHANGHAI, TRINGTAU, CHEBOO

Other Securities;---

and TIENTSIN

Discount & Advance Securities

6,620

5,450-

22,030

21,920

KOBE and OSAKA:

71,660

27,370

Notes and Coins

$3,090.

1,050

$27.970

528,370

HAIPHONG

Ratio of Reserve to flabilities

Price of Gold at which holdings are valued

81.53% 168/--

32.05%

138/

Total

Total Bullion

Notes in circulation

SINGAPORE PENANG and CALCUTTA

SANDAKAN

OF INDIA, LIMITED

Head Offen:-15, racechurch Strast,

...

Londen, £.C-3

Authorised Capital...

subscribed Capital

Phid-of Cepil

Kamerve Food And Bac

'Beet,

BANKERS:

£5,000,000

21,800,000

21,050,000

21,264779

The Bank of England and Midland

Bank, Ltd. BRANCHES!

Banghar's Ipub

Bombay

Calcutta

Kuantan

Dolemba

SITUA·

Selhi

ilangkang

Kandy

Karschi Kota Bharu Kuala Lipu

Kynin Trenggan

Minda

New York Penang

Shanghai

Skul

Endla Lumpur

Singapore

FEDERAL RESERVE SYSTEM

New York, Nov. 9 (Reuter).

Nov. 3

82-04

Bills Bought

U.B. Securities held

Federal Reserve' Hatto

Federal Reserve Credit Outstanding|

Monetary Gold Stock

OOT. 2 Nov. 9

*

$

(000's omitted)

1,000

1,000

2,548.000

2,765.000 2,687,000

83.36% 85.89% 2,582,000

85.92%

2,721,000

11,823,000

14,071,000 17,099,000 17.132 000

15,148,000 11,680,000

For further particulars

please apply for

JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL • GENERAL MANAGERS

Howrah

HONG KONG BRANCH;

Every description of Banking und Krobange business transacted.

Travallers Obeqtrom fansand,

TRUSTEE AND EXECUTORSHIP SEE, UNDERTAKEN

OFERENT ACCOUNTS opened in Local Che.. HUDBY KATEND DEPOSITS received in Loss! CACTION STERLING & U. *. DOLALA RS ne tavo that may be acertalas) on application.

D. BENSON.

LONDON GOLD

London, Nov. ≫ (Reuter), Bar Guid, Fine per oz., 163.....

Industrial Adranon

Page 10Page 11