1939-11-17 — Page 12

PAGE 12-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

NOVEMBER 16, 1939

On London:——

Telegraphie Transfer. 1/3 7:9 Bank Bills, on demand!/2 7/8 Credits 4 months' sight 1 3 1/ On, Shanghai:—

On demand

On Singapore:--

273

PAYNE & CO.

COMMODITY . BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.).

NEW YORK STOCK EXCHANGE

QUOTATION

401

401

STOCKS

*Last Sale Nov. 15

NOV. 16, 1939 STOCKS

Last Rais

Nov, 15

Reserve Funds:

Sterling

Adama Express -

Kannecott Copper

Alleghany Steel Co. ...................... Allied Stores ......

23

Lakey Foundry & Mae

*

Reserve Liability of

門

101

Lubbey-Owens-Ford

Glass

52

Proprietors

.$90,000,000

FRIDAY, NOVEMBER 17, 1939.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital... $50,000,000

INDIA, AUSTRALIA

" AND CHINA.

Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1883

Paid-Up Capital...... £6,500,000 Reserve Fuad

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

£3,000,000

.£3,000,000

prietors ....

£3,000,00

HEAD OFFICE: LONDON:

Allis Chalmers

Lockheed Aircraft

30$

Aluminium Ltd

105

Loew's Inc.*****

Head Office: BONG KONG

357

H

Amerada Corp.

Mack Truck Inc. *****

301

Amer. Can

111

Manhattan Shirt Co,

Board of Directora:

American Cyanamid B

32

Martin, Glen I

401

On demand

39 3/4

On Japan:-

SINGAPORE RUBBER

On demand

103 1/4

November 14 buyers sellers

On India:-

8 8 8 8 8 8

Telegraphic Transier. and demand On New York:-

37-3/4

New York, November 15.

November 15 buyers sellers

37-1/4

change

of 1/2

Amer, & Foreign Power ... Ameri & Foreign 7 pt.... 271 American Gas & Klec

21

McKesson & Robbins, pfd,

Monsanto' Chemical

Hon. Mr. A. L Shields,

W H. Lock, Esq.,

107

37

Montgomery Ward

541

Amer. Locomotiva

241

National Aviation

13

82 3.8

Amer. Metal Co......

25

...

Rat. Dairy Products

151

JAN,-MARCH

36-1/4

APRIL-JUNE

35-1/8

35-374 34-5/8

Amer, Radiator

91

Nat, Distillers

237

D. F. Landals, Esq.;

Chairman.

Deputy Chairman. J. K. Bousfeld, Esq.r. A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell.

38, Bishopsgate E.0.2.. Sub-Agencies In London:

117/12, Leadenhall Street, E.C.3. West End Branch:

14/16, Cockapur Street, B.W.1. Manchester Branch:

12, Mosley Street, Manchester, S. AGENCIES AND BRANCHES:

ALOE STAR AMRITSAR

Amer. Rolling Mill

18

National Gypsum

Bank Bills, on demand 24 3/8 Credits, 80 days' sight 21 1/8 Un Batavia:—

On-demand

On Parts--

45 1/9

Bank Bills, on demand 1:00 Credits 4 montha' sight [145 On Baigon

On demand

TOR

Du Manila: -

On demand

On Bangkok

On demand

Sterling Notes:-~~-

Bank Buying · Rate

Bar Silver per o

48 3/4

149 1/2

1/3 2/4 23 3/A

UKA

Close

9.60/60

9.49/50

9.41/41

9.21/21

8.94/94

buyers at 24.11/18 Cash and 245/8 Spot

were sellers at 249/16 November. July New contract)

Market Report

FROM BOZA BROS. Silver prices rose yesterday to: the extent of 1/15 for Ready and 1/8 for Forward, the quotations being 23.3/8 and 23.7/16 respec- tively, Bulver advices reported u steady market with a little Indlar, baying. American

Bilver quoted at 34.3/4 for Spot.

The London/New York cross-rate was quoted at 402, New York!

London was quoted at 394.

Market

Quiet but steady.

Sterling

There were

sellers for Sterling at 1/3 November/December and 1/2.31/32 February, buyers at 1/3.

1/32 Cash and 1/3 February.

U.S. Dollara

The market was uncertain, COTTON; There was December liquidation and realizing on news of persistent peace efforts. Trade buying was not large enough to absorb offerings except on declines. Reports of Cotton-goods sales continued to be favourable. Leading Trade sourcés belleve that purchases of May and July options on any moderate recessions will entäll little risk with good profit possibilities for patient `holders, "as the movement of cotton Into the Loan continues to result in a tight spot position.

RUBBER: The market was easter, being largely the reflection of the easiness of the London market, and the news that the Inter- national Rubber Regulation Committee has fixed the quota at 80 per cent. for the first quarter of 1940. October. consumption was 55,781 tons which is a new high record.

|

Bendix Aviation Bethlehem Steel Bliss & Co.

WHEAT: Peace rumours and a forecast of the possibility of sizable amount of speculative rains in the dry sections led to a liquidation. Large supplies and poor exports, however, suggest the advisability to confine purchase only to periods of easiness.

NEW YORK STOCKS: Previous close, 149.77; Today's close, Canadian Pacific R'way. ... 149.53; Change, of 24.

NEW YORK COMMODITY MARKET

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

New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON December

January March

A small transaction was report May

ed at 24.5/8 for November. There July

Prev. To-day's

Close Close Change, 9.60 9.50 .10 off 20.15 20.00 15 of

87

87 491 13.68b 17 off

Climax-Molybdenuin Co. Colts Patent Fire-Armng Columbia, Gas E Columbia 8% "A" pf. Commercial Credit Co. Com. & Southern (ord), Colmonwealth $8 cum, pid. "

G. Miskin, Esq.,

Amer. S'ting and R'bng Co.

"511

National Lead

કો

K. S. Morrison, Esq.,..

Amer. Sugar Redning Amer. Tel & Tel

21

Nat Power & Light.........

Hon. Mr. T, E. Pearce,

BOMBAY

BANGKOK BATAVIA

HARRIN HONG KONG ILOILO IPOH

PENAND KANGOON SALGOŃ

#

KEREMBAN

KABACH!

SHANGHAI

1681

National Steel Corp.

75.

H. V. Wilkinson, Esq.

Amer. Tobacco "B" Amer. Waterworks anaconda Copper Atchison, T., & S. Fe. Auburn Motors ...... Baltimore & Ohio Barber Asphalt Co Barnsdall O

B2

Nat. Supply Corpu

Sir Vandeleur M. Grayburn,

CALCUTTA

KLING

AGENCIES: KOBA

12

New York Central

192

CLIFE SKIRT

Chief Manager. FAIBLIX PLACE KUALA

321

CANTON

Niagara Hudson Power

Branches:

DAWNPORS

281

N. American Aviation

277

31*

North American Co.

Amoy

Ipoh

CEBU

61

Northern Pacific

104

Bangkok Johore

Penang Rangoon

COLOMBO

DELFI

157

Owens-Illinois Glass Co.

631

Batavia

Kobe

Saigon

14]

Bombay

Kowloon San

Pacific Gas & Elec,

Calcutta

Kuala

Francisco

311

Pacific Lighting ......

471*

Canton

"Lumpur Shanghai

831

Packard Motors

31

Chefoo

London

161*

Paramount Pictures

8

Colombo Lyons

Singapore

Boeing Airplane Co. Borg-Warner Biggs M'facturing

27t.

Pennsylvania R.R.

25

Dairen

261

Phelps-Dodge

401

Foochow

Malacca Manila

Sungei

231'

Prillips Petroleum

401

Haiphong Muar Swatow:

Brooklyn-M'hattan Trans. Brooklyn-Manhattan se

Hamburg

Pittsburg Cake & Iron

91*

(Jobore) Tientsin

Bankow

401

Public Service of NJ.

391

.51

Pullman Inc.

35*

Case J. L

73

Pure Oll

8

Iloilo

Celanese

**********

27

Radio Corp of Am.

51

Chesapeake & Ohio........ Chrysler Corpn.

411

8711

Reading Company, Com:

18

Reading Company, ist pid

28

48

Remington Arms Co., Inc.

· 53*

87

Republic Aviation, Corp.

63

19

Republic Steel

237

82-

Reynold Tobac. "B"

38

High Low

9.63 9.50 20.20 20.00 879: 87

461

Richfield Ol

91

Li

Safeway Stores

48

Schenley Distillers

137

501 491 50 13.88 13.67 13.85

i of Consolidated Edison,

off Consolidated Ou

30+

Schenley Distillers $5+ pfd.

#1

14

HỌNGKONG SAVINGS

Seara Roebuck

82

Continental Can

421

Shell Union Oil

14

BANK

15

Continental Ofl

247

Opening

Closing

Change

Socong-Vacuum Oil

127

Com Products

#3

Southern Pacific

157

9.50/60

9,50/51

.10 of

Curtiss Wright (C)

107

Southern Riy $5 pfd...

321

9.49/49

9.44/44

.05" off

Curtis Wright "A"

301

Sperry

461

9.40/39

9.30/31

.11 of

Deere & Co.

221

Spicer Manufacturing Co.

307

9.20./21

9.12/12

.09 off

Distillers Corpn. Seagrams

163

Standard Brands

54

8.93/93

8.85 N

.09 of

Douglas Aircraft

801

Stand Gus & ec.

21*

9.14 N

9.13/13

9.04/04

.10 of

Du Pont de Nemours....

1783

Standard Ou of California

28

9.31 N

9.71 N

.10

$

of

Eagle Picher Lead

131

Standard Qll of N.J.

47

NEW YORK RUBBER

Eaton Mfg. Co.

30

December

At March

20.15/15 18.75/76

20.01/01 18.78/78

May

18.25/25

18.20b/40a

July September

17.83/83

17.80b

unquoted

20.00/00 18,51/52 18.10/10

17.70/70 unguoted

.15 off

Elec. Autolite

.24 off

Elec. Bond & Share

15 off

Elee. Bond & Share $5 pf.

13 of

Elec. Bond & Share $6 pl.

Mec. Power & Light $7 pf. Fintkote

Total sales for the day:-1,180 tons.

Food Machinery, Corp.

Gen. American Trans.

December

873/879

May July

............

857/86

837/84

878/874 88/85% 84/84

871/87 851/85+

off Gen. Electric.

off Gen. Motor

831/831

off

Gen. Railway Signal

Tuesday's sales:-10,378,000 bushels. CHICAGO CORN

Gen, Tire & Rubber

Glidden Co.

December

50/50

501/501

492/497

i of

Goodrich (B.F.)

May

521/521

521/521

52/511

to

Goodrich $5 pr.

July

53/527

521/524

I off

Goodyear Tire & Co.

Great Northern Iron Ore

NEW YORK HIDES

Great Northern Rly, pid.

December

704A

701/701

เจ

Sterling

||

May

7516

July

7612

701A 751A 767A

unch.

Great Western Sugar

Greyhound Corpn.

Hercules Powder Co.

Homestake Mining

13.85/85

1/3. February,

US Dollars

March

June

13.900/00a 14.18b/19a 14.20/19 11.17b/19 14.52/52

34-3/4

13.88b/71a .18 off 14.00/01 14.33/33 34-3/4 3.94

International Harvester

.18 off

Lat. Nickel .....

.14% off

Int. Tel. &z Tel.

Johns-Manville

"J. & Laughlin Steel 57 ptá 720*

Shanghai Dollars

278.

December.

Shanghai Dollars

Opened with sellers' at 288.

the close there were "sellers at 275 for Spot

Shanghai' Market Sterling opened with sellers. at 5.7/32. The highest rate touched CHICAGO WHEAT was 5.13/32. The market closed a shade easier with sellers at 6.3/8 for Spot. UB. Dollars opened with sellers for Spot at 8.9/16. The highest rate touched was 8/8. Towards the close there were sell- ers for Spot at 8.13/15.

Afternoon Market

The market was quiet in the at- ternoon.

There were sellers at 1/3 Novem

ber/December and "1/2.31/32 Feb- WINNIPEG WHEAT ruary, buyers at 1/3.1/32 Cash and December

Sellers at 24.9/18 November, New York, Official

buyers at 24.11/18 Cash and 24.5/8 NY-London Cross Rate 3.93-5/8 November.

Shangbal Market"

Sellers of Sterling for Spot at 5.11/32 and US Dollars at 8.3/4. sellers for Bpot,

Shangbai Exchange

Shanghat, Nov, 16 (Reuter), Official T.T. Rates *.

London

New York

Japan *******

India

Parls

Opening

32-3/4 28-1/4 3.48

...... 31-1/2 Sellers

Opening Closing

LONDON STOCK EXCHANGE

(REUTER'S SERVICE) London, November 15. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.

1939

Higb

DOW JONES AVERAGE

Nov. 18, 1939.

Low Dow Jones Averago Nov. 14, High Low Close 165.93 121.44 30 Industrista

25.90 24.14 20 Kaile

40 Bonds

149.77

150.48 149.23 149.33

Change ,34 off

3300

.33 53 23.16 33.81

21 up

97.07 20.70 20 Utilibus

95.89

23.88 25.81 25,38

.00 up

rencies on terms which will be quoted on application.

14

72,22 8451 60.33 45.89

90 20

1 Commodity Index 65.76

14

90.22 53,44 Business Done --830,000 shares

14 off .32 off

Chief Manager.

14

Shai-N'king Rly. 5%..... 20 Tientsin-Pukow. Rly, 5%

(Brit. Btpd.) Tientsin-Pukow Rly. 5%

(German Stpd.) Tientsin-Pukow Rly. 5% (Brit. 8tpd. Supl. Loan) Tientsin-Pukow Rly. 5%

(Ger. Stpd. Supl. Loan) 14 49 Jap. 6% Ster, Loan, 1907 Jap. 6% Ster. Loan, 1924 571 Ger. 7% Intl Loan, 1924 73 Chartered Bank

Guinness (A) Bon & Co. 84/8 Hawker Biddeley Airc.... 15/10 Bristol Aeroplane....... 16/11 Imperial Chemical Ind. 30/8 Imperial Tobacco Marks & Sp'cer "A" ard. 51/9 Rolls Royce ......

*b** 98/9

118/9

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengers

SWATOW, SHANGHAL TSINGTAU, CHEFOO

and TIENTSIN

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

0/4-3/4

€

7-11/16

Hongkong

War Loan, 34% (Red

after 1952) Canton-Kioon Rly. 5% Chinese 41% Gold Loan,

1808 (Brit. Isstle)....... 56 Chinese 5% Gold Bonds.

1925-47

921 17

74

H.K. & Shal Bank (Ldn.

Regi

84

48

HK & Shal Bank (Col

Leyland Motors

87/104

Spot

0/5-15/84 0/5-19/64

Chin. 41% Anglo-French

Reg.)

Tate & Lyle

58/6

.Nov,

0/5-16/64 0/5-19/04

Loan, 1908

50

TO-US

Dec,

0/5-11/64 0/5-15/64

Chinese 5% Crisp Loan,

Chinese Eng. & Mining

bearer).

Turner & Newall

72/6

18

United Steel ......

22/3

Spot

Nov,

Dec. ......

US Dollars

$8-9/18 $8-21/32 8-9/10 8-21/92 8-7/10 8-17/32

Market: Quiet- but steady.

Merchant Rates

Sterling, 0/5-1/4.

U.S. Dollars, $8-0/16.

As there was an absence of keen buyers at 54.4, for sterling at the opening of the exchange market this morning, the market tamed

ellers and rates hardened up. At" present, the market, is ruling Dri with sterling listed at 5-13/328, ghd US$ at 7f for cash.

Alver Duty Bate

Chin. Imperial Rly, 5%

Loan

Ronan Rly..5% Hukuang ́ Rly, 5%, 1911. Hukuang. Rly. 5%. 1911

(German Tsaue) Lung Tsing & U. Hai Rly.

5% 1913

WAS 1/2-1/24.. unchanged from Courtaulda yesterday.

Distulers

The Central Bank of China's The Equalisation rate was 24 Dunlop Rubber...... rate on London at 10 am, to-day ver cent,

1912 Chinese 5% Reorg, Loan,

1918 (Lán. Is.) Chinese 8% Ster. Notes,

1925 (Vickers)

28

Chosen Corporation"...... 018

Smethwick Drop Forg..... 13/3

Pekin Syndicate

Armstrong Stevens, ord. 6

KOBE and OSAKÄ

40

hal Elec. Constr. Co.

13/9

Pressed Steel," com.

14/44

Shal Waterworks “A”.

10

Vickers, ord.

17/3.

2 495

12

Union insurance.

221

Woolworths

63/6

Gula Kalumpong Rubber 19

Angio-Dutch

27/44

Ailled Ironfounders

15/3

Rub. Plant. Invest. Trust 31/9

15

A880. & Elec. Industries 39/9

Barms Corporation.....

9/7

17

Austin Motors, ord.

16/3

Commonwealth Mining..

16.

Cable & Wireless, New

Form, ord.

Marsman Investments,.. 15

B.-A. Tob. (bearer)'..

"40

95

Randfontein Estates

37/6

Western Holdings ....

10/9

Mercantile Bank

11-7/18

Sub-Nigel

200

Cammell Laird, ord. ....... Mexican Eagle

8/6,

Tanamt Gold Mining..... 34

7/3

Anglo-Iranian

01/30

30/3

Burmah....

03/0

67/8

Shell Trans. & Trid.

27/3

(bearer)

83/0

Gen. Electric (England) "5"

*:-Nominal

Stone & Webster

12

Hong Kong, 25th Feb., 1938.

371

Swift International

301

B3

Technicolor

123

581

Texas Corpn

46

68

Texes Gulf Sulphur

331

321

| Trans-America Co.

67

201

20th Cent. Fox.

131

20th Cent. Poz. 31i pf.

2331

541

Union Carbide & Carbon ...

88%

Profita

............ 2,883,832.01

381

Union Pacífic

1001

5441

United Aircraft

471

20

United Airlines Trans. ......

134

231

United Corpn.

23

173

United Corpn. $3 cam. pr.

381

20%

United Gas Corpn........

21

United Gas Improvement

14

Li Koon Chan, E.

24

US, Industrual Alcohol.

23+

182

U.S. Rubber

38)

271

US. Rubber $8 pid.....

113

291

U.B. Steel

691

181

Vanadium

341

841

Walworth Ca.

581

Warner Bros. Pict:

41

Amay

Bataria

..63

Westinghouse Elec.

London

112

Elan Day

Kaalla

391

Woodward Iron Cor.

251.

Valencia

5

75

Chase National Bank National City Bank

38+*

Bankow

23+

Eobe

Paiping

Semarang

Shangha

•-bid

i-er. div.

Bourabaya

Patani

Mukden Tokyo Harbin New York Tsingtao Hongkow Peiping Yokohama

.. PRIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies st rates which will be quoted on application.

SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable

1

CURRENT ACCOUNTS opened in on application. Local Currency and FixxD DEPOZITE

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 SAFE DEPOSIT any of the Agencies and Branches. Boxes in various sizes To Lar

R. A. CAMIDGE, Hong Kong, 25th September, 1930

Manager.

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

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

BANK OF EAST ASIA,

LIMITED

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

Reserve and Undivided

5,508,600,00

Head Ofee:-HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directors:

Sir Shouson Chow, Chairman

Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Cha Son, Esq. Wong Tan Tong, Esq. Kaa King Vo, Eng. Chao Ching Bbuk, Esq. Fung Ping Wall Bag

Kan Tong Po, Esq., Chief Manager. Li The Fong, Esq., Kanager.

Branches and Agencies:-

25.pbonz

Kelcom Реко

Bugsporo

Bangoon Bourabaya Saigon

Bestow Mahone Sï Fran- Sydney

siano Mentaln

New York Hauttia Vancouver

Honolulu PALM

Every description of Banking and| Exchange business transacted. Loans

THE CHASE BANK

13, QUEEN'S ROAD, CENTRAL'

HEAD OFFICE:

18, PINE STREET", An American Bank offering com

NEW YORK.

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 BANK, New Yo&x, with Besources of orde U.S.$2,900,000,000.

D. M. BIGGAB,

Second Vice Pres

BANK OF CHINA

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

BANK

11

PAID-UP CAPITAL $40,000,000.00 (BRANCHES 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. to our Clienta special facilities for Domestic and Foreign Banking and Exchange.

Head Office:---SHANGHAI- 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- BHIUCHOW ceived for one year or shorter

We also handle the issue of Bonds periods in Local and Foreign Curand other Public Funds of the

Bart DEPOSIT BOXES TO LET.

KAN TONG PO,

Chinese Government both at Home and Abroad.

SHOU J. CHEN,

Manager.

HAIPHONG HAMBURG HANKOW

LUMPUR

KUCHINO

MADR.IS

MANILA

SINGAPOR

SITIAWAN 1: SOURABAYA TAIPING

TIENTSIN.. TOKQKAH

(Bhuket)

MEDAN

NEW YORK.

TSINGTAO.

YOKOHAMA

For further particulars

please apply tomis

ARDINE MATHESON&Co. LT TELEPHONE SOZII GENERAL MANAGERS

}