1939-11-22 — Page 10

A2 3/4

On Japan:-

"PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

EXCHANGE ·

"CLOSING QUOTATIONS|

NOVEMBER 21, 1939

On London:-

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand!/2 7,5 Credits 4 months' sight 1/31/4 On Shangbal:-

On demand

On Singapore:-

On demand

970

PAYNE & CO.

・

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

QUOTATION

WEDNESDAY, NOVEMBER 22, 1939.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

Last Sale

DECEMBER 21, 1939

STOCKS

• Nov, 20

Last Sale Nov. 30

时

Kennecott Copper

407

Alleghany Steel Co. Ano

23

Iskey Foundry & Mac..

41

Allied Stores

101..

Libbey-Owens-Ford

Glass

521

Proprietors

$90,000,000

Allis Chalmers

41

Lockheed Aircraft

32

Head Office:-HONG KONG

Aluminium Ltd .............. 1054* | Loew's Inc,

·361

Amersda Corp.

Mack Truck Inc.

301

Amer. Can ..............

113}

Manhattan Shirt Co,

American Cyanamid B

31

Martin, Glen L...

411

On demand

103 1/4

On India:-

Telegraphic Transfer. Age as

and demand

SINGAPORE RUBBER

SPOT

Nov. 18

New York, Nav. 20, 1939,

Nov. 18

Amer. & Foreign PowAF

21

McKesson & Robbins, pid,

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

W. H. Lock, Esq.,

"Ameri, & Foreign #7 pf....

291

Monsanto Chemical

107

JAN:-MARCH

On New York:-

i.

APRIL-JUNE

37-1/4 buyers 35-3/4 34-5/8

37-3/8 buyers

35-7/8 31-3/4

Change American Gas & Mec up -1/8 up 1/8 Amer. Metals Co

982

Montgomery Ward

55

Amer. Locomotive ....

25

National Aviation

13:1*

261

Hat. Dairy Products

16

Amer. Radiator

10

Nat.. Distillers

up

1/8

2371

D. F. Landale, Esq.,

Amer. Rolling Mill

181

National Gypsum

11

G. Miskin, Esq.,

Bank Bills, on demand 24 5/16 Credits, 60 days' sight 25

The market was steady,

ཐྲ 5ཛུཐྲཥུ

On Batavin :---

On Paris:-

COTTON; Continued general demand is reflecting the absence

Amer. S'ting and R'ing Co. Amer, Sugar Refining

53)

National Lead

211

K. S. Morrison, Esq.,

214"

Nat. Powerëz Light

84

Hon. Mr. T. E. Pearce,

Du Manlis:-

On Bangkok:-

On demand

On demand

On demand

Bank Bills, on demand 1:90 Credits 4 months' sight 1145 On Saigon

108

On demand

48 3/8

149 1/2

Sterling Notes:-

Bank Buying Rate

Bar Stiver per o

1/33/4 23 1/2

even Amer, Tobacco "B" ...

Amer. Waterworks ... Anaconda Copper Atchison, T. & S. Fe. Auburn Motors ... Baltimore & Ohio

of December liquidation resulting from the tightness of 'Epots." Re- Amer. Tel. & Tel..............................` ports of cotton-gooda sales were encouraging. We expect an more tight Spot situation by the Spring and still definitely favour purchases of May and July contracts. We also think that purchases of October option will eventually show. satisfactory profits.

RUBBER: Prices were confined within narrow range in a quiet trading market, Business today largely consisted of dealer switch- ing which is attracted by the high premium on December position.

There was not much change in the unfavourable wea" WHEAT: ther news. The continued tightness of the cash position is having

stimulating influence.

Barber Asphalt Co Barnsdall On Bendix Aviation Bethlehem Steel Bliss & Co.

NEW YORK STOCKS: Previous close., 151.53; Today's close. Boeing `Airplane' Co. 151.89: Change, up 18.

1891

National Steel Corp.

75

H. V. Wilkinson, Esq.

831

Nat. Supply Corpn

104

Bir Vandeleur M, Graybaro,

BANKING CORPORATION

Authorised Capital....

................ 850,000,000

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1885 Reserve Funda:

Paid-Up Capital £6,500,000 Reserve Fund

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

Chairman.

Deputy Chairman.

J. K. Boushold, Esq., A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

38, Bishopsgate E. O.S. Sub-Agencies In London: 117713, Leadenhall Street, E.0.3) West End Branch:, 14/16, Cookspur Street, 8.W.1. Manchester Branch: 49, Mosley Street, Manchester, S.

AGENCIES AND BRANCHES:

KARDIN

ALUE STAR AMRITSAR BANGIOX SATAVIA

BOMBAY

DALOUTTA

PENANG KONG KONG BANGOON.

ІРОН

AGENCIES: SOBK

DATE STEFT

INDIA, AUSTRALIA AND CHINA

Sterling

£3,000,000

£3,000,000

prietors

£3,000,006

HEAD OFFICE: LONDON:

ILOILO

BAIGON "1.

KARACHI

BERIMBAN

SHANGHAI

OSVEI

SINGAPORE

SITIAWAN

123

New York Central

193

Chief Manager. FuRL PLACE

KUALA

SQURABAYA

CANTON

LUMPUR

TAIPING

33

| Niagara Hudson Power

71.

287

|N. American Aviation

27/

34

North American Co.

23

Anioy

Branches: Ipoh

CAWNPORE

KUCHING

TIENTBIN

A

51

Northern Pacific

Bangkok

Johore

101

Batavia Kobe

Penang Rangoon Saigon

| CRTV

COLOMBO

MADRAS

TONGLAH

4

DELFI

MATISA KEDAK

(Bhuket)

TSINGTAO

17

Owens-linols Glass Co.

66

Bombay Kowloon

San

14

Pacine Gsa & Kec.

321

Calcutta

Kuala

Francisco

30

Pacific Lighting

43

Canton

Lumpur Shanghai

841

Packard Motora

34

Chefoo

London

Singapore

164

Paramount Pictures

81

Colombo

Lyons

Sourabaya

274

| Pennsylvania R.R.

241

Dairen Malacca

Sungei

Borg-Warner .....

Foochow Manila

Patani

257

Phelps-Dodge .....

Swatow

New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Gorn. Dec. New York Aldes. Dec,

NEW YORK COTTON

Close

December

9.67/67

9.57 N

9.48/48

9.25/26

8.94796

July (New contract) Spot

... 9.15 N

9.88 N

NEW YORK RUBBER

Shanghai Dollars

December

March

December

881/981

May July

857/851

Market Report

FROM BOZA BROS. Silver prices rose 1/8" yesterday" for both deliveries, the quotations being 23.1/2 for Ready and 23.9/18 for Forward. Sliver advices re- ported India as having bought. The market was steady. American Sliver was

Spot.

quoted at 34.3/4 for

The London/New York cross-rate was quoted at 402. New York/ Landon was quoted at 393.1/2.

Quiet.

Market

Sterling

There were seller's at 1/3 Novem- ber/December and 1/2.31/32 Feb- ruary, possibly March, buyers at 1/3,1/32 Cash and 1/3 February.

U.S. Dollars

A small seller at 24.1/2 Novera- "ber, buyers at 24.9/16 Cash and

24.1/2 first half December.

.280.

Shanghai Market Sterling opened with sellers for Spot at 5.9/32. Subsequently the rate rose to 5.21/64 and closed with sellers at 55/16 for Spot: U.S. Dollars opened with sellers at 8.5/3 for Spot. Later the rate use to 8.11/16 and at the close sellers for Spot were quoted at 8.21/64.

NEW YORK COMMODITY MARKET

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

January

March

May

July

Case J. L Celanese

- Note: December cotton, first notice day:-27/11/32 last notice Distillers Corpn. Seagrams day 15/12/39,

May July September

Douglas Aircraft

Du Pont de Nemours Eagle Picher Lead

Note: December rubber. first notice day:-28/11/32 last notice Funtkote day:-27/12/39.

Total sales for the day: 410 tons. CHICAGO WHEAT

Bigge M'facturing

24

Phillips Petroleum

41

Brooklyn-M'hattan Trans.

121

Fittsburg Coke & Dron

94*

Brooklyn-Manhattan $8

43

Public Service of NJ.

401

Canadian Pacific R'way.

5%

Pullman Inc.

36

74

Pure Ou

91

Iloilo

201

Radio Cerpn. of Am......

51

High

9.78 20.00

Prev. To-day's Low Close Close Change

9.71 9.5" 9.77 19.91 19.95 19.91

Chesapeake & Ohio Chrysler Corpn.............. Climax-Molybdenum Co.

423

Reading Company, Comi

QURRENT

177*

831

Reading Company, ist píd

474

Remington Arms Co. Inc.

51*

10 up Colts Patent Fire-Amns -...

89

Republic Aviation Corp. ...

89

504 SOL 501

13.92 13,66

89 851 88

501 13.74" 13.72

.04 off Columbla Gas & EL ..........................

up Columbla 6% "A" pí. unch. Commercial Credit Co. .02 on Com. & Southern (ord)

6

Republic Steel ....

241

811*

Reynold Tobac." "B"

391

Haiphong Muar Hamburg (Johors) Tientain Bankow Mukden Takyo Harbin New York Taingtao Hongkes Peiping Yokohama

"

TAIPHONG

NEW YORK PRIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT ACCOUNTS opened "and FIXED DEPOSITE 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 Curbusiness, 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 SAVE DEPOSIT any of the Agencies and Branches."

YOKOHAMA

HAMBURG HANKOW

483

Richfield Ou

91

Boxes in various sizes To LET

Safeway Stores

507

Hong Kong, 25th September, 1939.

R. A. CAMIDGE,

H

Manager.

Opening

Closing..

Cölmonwealth $6 cum, pid. Change Consolidated Edition

Schenley Distillers

144

304

Schenley Distillers 15§ pfd.

HONGKONG SAVINGS

9,73/74

9.77/77

9.67/67

9.68/68

9.58/58

9.57/57

.10 up Consolidated Ou .11 up Continental Can .09 up Continental Oil

7k

Seara Roebuck..............

823

9.35/35

9.35/35

10 up Com Products

9.05/05

9,05/05

.11 up Curtiss Wright (C)

9.25/25

9.27/27

12

up|Curtiss Wright "A"

9.08 N

.10 up Deere & Co.

Eaton Mfg. Co.

19.95/95 19.98/98 19.91/91

.04 off

Elec. Autolibe

18.55 B 18.88/68 18.68/68 18.05 B

.13 up

Elec. Bond & Share

unquoted

18.05/10

unch.

17.65 B 17.48b/55a unquoted

17,74b/80a

17.75/75 17.55b/60a

Elec. Bond & Snare $5 på. · 584 10 up Elec. Bond & Share $6 p. 88 .07 up mec. Power & Light si pf.

Food Machinery Corp.

Gen. American Trans.

Gen. Electric

Gen. Motors

Gen. Railway Signal

884/881

881/881

ap

Gen, Tire & Rubber

857/88

921/83

..837/831

851/86 834/838

up

Gudden Co.

up.

Goodrich (B.F.)

'Saturday's sales:-7,543,000 bushels,

Goodrich $5 pf.

CHICAGO CORN

Goodyear Tire & Co.

1

Great Northern Iron Ore

ፈነ

December

501/501 502/501

501/501

unch. Great Northern Rly, pid. 283

Sterling

May July

524/521

521/521

521/521

of Great Western Bugar

531/53!

521/523

off Greyhound Corpn.

Hercules Powder Co.

W...NIPEG WHEAT

||

Homestake Mining.

December

70jb

7016

May

75 b

701/701 75 b

i off International Harvester unch. Int. Nickel

July

7613

781/761

unch. Int. Tel. & Tel ̈..............................n

Johns-Manville

NEW YORK HIDES

December

13.74/74

14.10/10

14.37/37

13.74/74.."

13.72/72 14.10/14 14.07/10 14.35b/44a 14.35/35

.02 of

,03 off

02 off

34-1/4

3.93-1/2

1939

Higb

155.82 121.44 30 Industrials.

Afternoon Market

The market was quiet in the afternoon. US. Dollars were shade easler.

The market closed with sellera at 1/3 November/December and 1/2.31/32 February/March, buyera at 1/3.1/33 Cash and 1/3 Febru- ary.

3.5. Dollara

Business was done at 247/16 for near, 24.1/2 Cash and 245/16 December. The market closed with sellers at 24.7/16 Cash and 24.1/4 December, buyers at 24.1/2 Cash and 24.3/8 December.

Shanghai Dollars

279.

Shanghai Markot

Towards the close sellers of Sterling were quated at 5.21/64 for Spot. US Dollara sellers for Spot at 8.11/16.

Shanghai Exchange

Shanghal. Nov, 21 (Reuter).

Official T.T. Rates

London

New York

Japan

India

Parls Hongkong

March June New York, Official unquoted NY-London Cross Rate 3.89-7/8

ALTERATIONS

INSURANCE

IN

LONDON, Nov. 21 (Reuter)-The

SILVER MARKET

LONDON SILVER London, Nov. 20 (Reuter).

Spot, 23-1/24 Forward, 23-0) 18d.

Institute of London Underwriters Silver.-India bought, Business notify that alterations in the cur-small. Market steady, In the rent schedule, including voyages afternoon, the market was quietly within the area of Blam India, steady. the Dutch East Indies, Malaya and British North Borneo, includ- Opening ing voyages between the Straits 0/4-3/4 and Indo-China not north of T-11/18 Salgon, will henceforth be ten 32-3/4 shilfngs per cent, but voyages 32-174 between Malayan ports, excluding

Singapore, will be five ahlilinga. ...... 31-1/2

Bellers Opening . Closing 0/5-9/32 0/5-19/64 0/5-9/320/5-19/84 075-17/64

0/5-1/4

Spot

Nov.

Dec

U.8. Dollars

Spot

Nov,

$8-5/8 $8-21/32 8-21/32 8-5/8

Dec-1/2

Market:-quet,

8-9/16

Silver Duty Rate"

程

The Central Bank of China's "rate on London at 10 am, today

was 1/2-1/2d., unchanged from yesterday.

The Equalisation rate was 24-1/2

per cent,

LONDON GOLD

London, Nov. 20 (Reuter). Bar Gold, Fine per oz., 168,

India Rupec Paper

Bombay. Nov, 20 (Reuter).

Govt. 31% Rupee, 87-12-0.

Calcutta Exchange

Calcutta, Nov, 20 (Reuter).

TT, on Japan, 80-1/2,

New York Exchange

NEW YORK SILVER New York, Nov. 20 (Reuter). Official Price, 34-3/4. :

BOMBAY SILVER Bombay, Nov. 20 (Reuter).

Offtake nil

| Market-Quiet.

J. & Laughlin Steel 37 pid. 75

I-ex diy,

DOW JONER AVERAGI

Low Dow Jones Averages Nov. 18, High Low Close

36,90 2414 90 Baile

151 53 168.68 161.02 161.89

33.95

34.45 33.95 34.08

NEYM

27.07 20.70 20 Utilize

22.22 84.51 40 Bonds

26.99 26 23 25.85 25.93 90.40

60.53 45.59, 11 Commodity Inder 65.38

90.46, 09 up

56.8B .20 up

Business Done -740,009 abares

THE CHASE BANK

The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL

For the HONGKONG & SHANGHAI BANKING CORPORATION. "

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb. 1938.

BANK OF EAST ASIA, LIMITED

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

Reserve and Undivided

5,508,000.00

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

Board of Directors:

Sir Bhouson Chow; Chairman

Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Yan Tong, Esq. Kan Ying Po, Rag, Chan Ching Shuk, Esq. Fung Ping Wab Esq

Kan Tong Po, Eaq,, Chief Manager.

Li Tse Fong, Esq., Manager.

Branches and Agencies :—

Korricon Penang Bingapore London Banroos Sourabaya

Bwatow Kalbosrae San Fran- Bydney Har

con Tentin New York Beattie Vancouver Parta

Bemare Shanghal

Paiping

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

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 York, with Resources of over 1.8.$2,900,000,000."

D. M. BIGGAR,

Second Vice Pres

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 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:-BHANGHAI Hong Kong Branch:

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

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. quoted on application.

SAFE DEPOSIT BOXES TO LAT.

KAN TONG PO,

Chief Manager

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, « PENANG and CALCUTTA

Indian Mint Silver

02-04 62-06 62-11

HAIPHONG

Ready Dec, 5 Bettlement Jan. 6 Settlement

LONDON METALS

EXCHANGE London, Nov. 20. (Renter).

TIN

buyers · sellers

& Standard, Cash 230

New York, Nov. 20 (Reuter). TT, on London (Opening Rate), Standard, 3.91-1/2

3 months

unquoted

unquoted

SANDAKAN

For further particulars

please apply to

JARDINE MATHESON&Co.,L1 TELEPHONE 303IL GENERAL MANAGERS

SWATOW SHIUCHOW

KONGMOON TOISHAN

KINGCHOW

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

SHOU J. CHEN,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office-15, Gracechurch Street,

in London, Ega

Authorised, Capital

Saberibad Capital

Paid-up Capital

£5,000,000

£1,800,000

$1,050,000

Batarya Pand mod. Bast,

BANKERS:

„The Bank of England and Midland

Bank, Ltd,

**BRANCHES:

Ipob JETLA Казнено

Kuala Trengganu

New York Peng

Bangkak Bowbay

Oliopita

Colorabe

Балбу

Doll

Karach

Galle

Kote Bhary

Hoogkon

HOTE

Earl Myla

Xadras

Penguen Bhanghai

Birle

Kasia Lampar Singapore

HONG KONG BRANCH:..

Erary description of Banking had Exchange

buelasés teszaneted,

Travellers" Cheques "laskied,

TRUSTEE AND EXECUTORSHIP ASEMAUNDERTAKEN ....

/ OÜBRENT 4000 UNTS Opened In Local O PANCY. KNF FIXED DEPOSIT8 monived in Loon! Currency, PERLING & C. 8, DOLLARS on t that may be securtained, on application,

*D. BENSON,

BANK

438

Shell Union Oll....

134

251

Socony-Vacuum of

13

B41

Southern Pacifc

161

101

Southern Rly 35 pfd.

351

is conducted by the HONGKONG

301

Sperry

461

221

Spicer Manufacturing Co.

31*

& SHANGHAI BANKING COR- PORATION. Rules may be obtain-{ ed on application.

171

Standard Brands .....

5.

791

Stand Gas & Elec.

24.

181

Standard Oll of California

261

131

Standard Oil of N.J.

467

294

Stone & Webster

12)

371

Swift International

304

81

Technicolor

121

Texas Corpn.

461

Fexes Gulf Sulphur

347

337

Trans-America. Co.

62

223

20th Cent. Poz.

134

20th Cent, Fox. $13 pi.

24

554

Union Carbide & Carbon

881

Profits

2,383,03201

404

Union Pacific

102

54%

United Aircraft

472

10

United Airlines Trans.

134

24,

United Corpa. .............

21

173

United Corpn #3 cum pi.

39

214

United Gas Corpn.

2}

BT

United Gas Improvement 14)

251

Studebaker Com,

93

18

US., Industrual - Alcohol.

24

UB. Rubber

397

29*

US. Rubber 38 ptd.

113

19

U.S. Steel

702

851*

ivanadium

361

593

Walworth Co.

6{*

Amay

63

Warner Bros. Pict.

#

BEATIN

Bombay

Manila

40

Westinghouse Elec.

115

Rakesila

Ealphong

#

Woodward Iron Cor.....

26

77

Chase National Bank

38*

Bankow Honolulu Kobe

National City Bank

281*

Nov. 21, 1933.

Change 16. up

.23 up

.18 of

Page 10Page 11