1939-11-23 — Page 10

COMMODITY MARKET

270

(FROM PAYNE & CO.) :

52 3/4

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

NOVEMBER 22, 1939

On London:-"

Telegraphic Transfer. 1/9 7/8 Bank Bills, on demandt/? 7/6 Credits 4 months' sight 1/3 1/4 On Shanghai:-

On demand

On Singapore:—

On demand

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

NEW YORK STOCK EXCHANGE

STOCKS

Adams ExpreKT

QUOTATION

Last Sale

DECEMBER 41, 1939

STOCKS

非

List Salé

Nov, 20

Nov, 20

Starling

THURSDAY, NOVEMBER 23, 1939.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000 |

INDIA, AUSTRALIA „

AND CHINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1885 Reserve Funds:

Paid-Up Capital £8,500,000 Reserve Fund........

9+

Kennecott Copper

401

Alleghany Steel Co.

23

key Foundry & Mac.\.

Allled Stores

104

Libbey-Owens-Ford

Glass

$24.

Proprietors

.$90,000,000

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

„prietors ...

...£3,000,006 HEAD OFFICE: LONDON;

£3,000,000 ...£3,000,000

Allis Chalmars

wwwwwwww

#1.

Lockheed Aircraft

32

Aluminium Ltd

1051

Loew's Inc.

· Head Office:—HONG KONG

36

REVIEWTM

Amerada Corp. Some

Mack Truck Inc.

301

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

1131

Manhattan Shirt Co.

American Cyanzmid BTM

31

Martin, Glen L

411

New York, November 21.

Amer. & Foreign Power.

21

McKesson & Robbins, pfd.

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

W. H. Lock, Esq.,

On Japan:

Ameri & Foreign #7 pt....

29

Monsanto Chemical

107

On demand.

103 1

SINGAPORE RUBBER

Nov, 20.

On India-

Telegraphic Transfer.

SPOT

37-3/8 buyer's

82 3/8

and demand

JAN.-MARCH:

On New York:

APRIL-JUNE

35-7/8 3453/4.

Nov, 21

33 "36-1/2 35-1/4

buyers

Change up 5/8

American Gas & Elec

381

| Montgomery Ward

561

Amer, Locomotive .....

25

National Aviation

134*

11

up 1/2

Amer. Metals Co. " Amer. Radiator

20+

Hat. Dairy Products

16

10

Nat Distillers

437

D. F. Landale, Esq.,

Un Batavia-

..On demand

..... 45' 3/8

On Paris:--

On Salzen

On demand.....

re

Du Manila: -

On demand

On Bangkok:-

On demand

149 1/2

Sterling Notes:-

Bank Buying Rate

Bar Silver per o

... 1/3 3/4 23 1/2

Bank Bills, on demand 24 3/8 Credits, 60 days' sight 25 1/8

Bank Bills, on demand 1590 Credits 4 months' aight 1145

Market Report

FROM ROZA BROS.

48 3/4

Silver prices were unchanged yesterday, the quotations remain- ing at 23.1/2 for Ready and 23 9/10 for Forward. Silver, advices reported the market as being quietly steady with a small busi- ness done... American Silver was quoted at 343/4 for Spot.

The London/New York cross-rate

York was quoted at 402. New London was quoted at 394.1/4.

The market was steady,

COTTON: There was some, late liquidation for December on & thin market. New buying was less aggressive. The Spot' 'and textile markets are quiet but prices are steady.

RUBBER: Market was firm on the strength, of foreign markets and good factory mand for futures and actuals. The technical position is healthy.

WHEAT: The mill markets are steady and the cash market is firm. The weather in the South-West continues unfavourable. It La reported that there have been fair exports of Manitoba wheat at better prices.

NEW YORK STOCKS: 150.98; Change, of 71,

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 Com, Dec, New York Hides, Dec. NEW YORK COTTON December

January

Prev. To-day's High Low Close Close Change .9.79 9.70 9.77 .9.70 107 off 20.15 19.97 19.91

Baltimore & Ohio Barber Asphalt Barnsdall Off

Case J, I.

Amer, Rolling Mil! ............

18

National Gypsum comp

122

G. Miskin, Esq.,

Amer. S'ting and R’ing Co.

531

National Lead

21

K. S. Morrison, Exq.,

Amer, Sugar Redning Amer. Tel & Tel.

218*

Nat. Power & Light

87

Hon. Mr. T. E. Pearce;

1691

National Steel Corp.

75

H. V. Wilkinson, Esq.

Amer. Tobacco “B”′′

831

Nat. Supply Corpn.

101

Sir Vandeleur M. Grayburn,

Amer. Waterworks

121

New York Central

193

Chief Manager.

Anaconda Copper Atchison, T. & S. Fe.

33

Niagara Hudson Power

71

Branches:

287

N. American Aviation

271

Chairman.

Deputy Chairman.

J. K. Bousfield, Req A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,

15, Bishopsgate E.C.2. Sun-Arenales in London:

117/139, Leadenhall Street, E, 0.3 West End Branch:

14/16, Cockspur Street, S.W.. Manchest Branch: 62, Mosley Street, Manchester, 3.

AGENCIES AND BRANCHES:

ALOR STAR HAKBIN PERANG AMRITSAR HONG KONG SANGOON

ILOILO. IPOH

BATAVIA BOMBAY! CALCUTTA

AGENCIES: CLIYE STE EXT FAILI PLACE CANTON

KARACHI KLING"

KOBE KUALA

LUMPUR KUCHING MADHAN

44

ΕΧΘΚΟΣ

CAWNPORE

Auburn Motors

3+

North American Co..........

23

Amoy

Ipob

#1

Northern Facing

10%

Bangkok

Johore

Penang Rangoon

CEC COLOMMO DELHI

MARILA

MEAN

BAIGON

DILIMBAN

SHANGHAI

SINGAPORE

SITIAWAN

SOURANATA

TAIPING

TIENTSIN

TONGKAH

(Bhakat)

TRINGTAO

Batavia Kobe

17

Owens-linols Glass Co.

66

Bombay

Kowloon

Saigon San

14

Pacific Gas & Elec.

321

Calcutta Kudla

Francisco

Bendix Aviation

30

Pacifc Lighting......

48

Cantón

Lumpur Shanghai'

Previous close, 151.69; Today's close,

Bethlehem Steel

841

Packard Motors

32

Obetoo

London Singapore

Bliss & Co.

161

Paramount Pictures

Colombo

Boeing Airplane Co. .........

271

Pennsylvania R.R.

241

Dairen Malacca

Sungei

Borg-Warner

25+

Phelps-Dodge

41

Foochow Manila

Biggs M'facturing

24

Phillips Petroleum

41+

Haiphong Muar Hamburg

Patani Swatow

Brooklyn-M'hattan Trans.

12

Pittsburg Coke & Iron

91*

Bankow Mukden

Brooklyn-Manhattan $6.

43.

Public Bervice of N.J.

401

-Harbin

Canadian Pacific Rway. ...

51

Pullman Fac.

36

Hongke

74

Pure

11

8}

Iloilo

Celanese

201

| Radio Corpn. of Am

51

Chesapeake & Ohio

421

Reading Company, Com:

174*

Chrysler Corpo

881

Reading Company, 1st þrá

2དྲ*

20.05 .14 p

Climax-Molybdenum Co.

471

Remington Arms Co., Inc.

-891

881

504

.887 881 .50% 501

up

Colts Patent Fire-Arms

691

Republé Aviation Corp.

up

Columbia Gas & El.

61.

Republic Steel

241

13.80 13.72

13.72 13.72

Close »

Opening

Closing

unch.

Change

Columbia 8% A" pt.......

841*

Reynold Tobac. "B"

391

Commercial Credit Co.

461

Richfield Of

91

Box

9.77/77

9.78/77

9.70/71

07 ou

Com. & Southern (ord)

11

Safeway Stores

507

in various sizes To Lez Hong Kong, 25th September, 1938.

Colmonwealth $6 cum. pfá.

9.88/68

9.70/70

9,54 'N

.04 of

Schenley Distillery

141

Market

Consolidated Edison.

301

March

9,57/57 9.58/57

9.55/56

.02 off

| Schenley Distillers $54 pfd.

Consolidated Ou

71

Qulet.

May

9.35/35

9.35/34

9.28/29

.07 of

Seara Rochick

821

Sterling

July

9.05/05

9.05/03

9.00/00

.05 of

Continental Can

431

Shell Union Of

134

There were sellers at 1/3, Novem-July (New contract)

9.21/27

Spot

9.98 N

9.23b/250 9.20 N 8.91 N

11

.07 off

Continental Ou

251

Socony-Vacuum OD

13

.07 of

Com Products

641

Southern Paciic

181

ber/December and 1/231/32 Feb ruary/March, buyers at 1/3.1/32 Cash and 1/3 February.

Curtiss Wright (C) ......

101

Southern Rly $5 ptd...

951

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

Curtiss Wright "A"

301

Sperry

401

Deere & Co.

224

Spicer Manufacturing Co. 31*

NEW YORK RUBBER December March

with

May July

and September

Shanghai Market

at the 'CHICAGO WHEAT

December May...?

July

U.S, Dollars

Some business was reported at 24.9/16 for cash and 24.3/8 Decem- ber. The market closed sellers at 24.1/2 November 24.3/8 December, buyers at 24.3/8 Cash and 24.1/2 December.

Shanghal Dollars

Sellers at 282 for Spot close.

•

Sterling opened at. 5.9/32 and subsequently eased off to 5.17/64.

Towards the

Note: December rubber. first notice day:-28/11-39 last notice day: 27/12/30.

Total sales for the day:-840 tons,

Monday's sales:-10,345,000 bushels.

close sellers were CHICAGO CORN

quoted at 5.9732 for Spot. U.S. December

Distillers Corpn. Seagrams

17

Standard Brands

54

18.05/10

17.75/75

20,00/19.97 18.91/91"

20.05/05 18.68/68

18.75b/78a 18,88/88 18.24/24. 17.90b/93a

14. up

Douglas Aircraft

791

Stand Gas & Elec.........

21

20 up

Du Pont de Nemours!

181

Standard Oll of Califórnita

23+

18.40b/45a

.35 up

Eagle Picher Lead

131

Standard Ol of NJ.

461

18.00b/05a

25 up

Eaton Mfg. Co.

291

Stone & Webster

121

Hong Kong: 25th Feb. 1930.

#

17,55b/80a

17.65b/75a

.16 "up

Elec. Autolite

874

Swift International

301

Elec. Bond & Share

18

Technicolor...

121

BANK OF EAST ASIA,

Elec. Band & Share $5 p. 584

Texas Corpn.

401

4

881/881 881/881

857/88

831/831

861/801 831/84

881/881 861/801

Elec. Bond & Share $8 pf. Elec. Power & Light 37 pf.

Fintkova

681

Texes Gulf Sulphur

348

LIMITED

337

Trans-America Co.

81

221

up

20th Cent. Fox.

131

Authorised Capital.....$10,000,000.00

+ up

Food Machinery Corp.

20th Sent, Fox. sił pi.

24

Paid-Up Capital

5,598,000.00

Reserve and Undivided

Gen. American Trank; ...............

554

831/837

up

Union Carbide & Carbon

881

Profits

2,883,932. 01

Gen. Electric

401

Union Pacine

102

Gen. Motors

542

United Aircraft

477

Gen. Railway Signal

19

United Airlines Trans,

.13+

50/501 501750

501/502

+

up

Gen, Tire & Rubber

24

United Corpn.

21

Dollars opened with sellers at May 8.21/32 for Spot, later eased off July

521/521 521/521 527/523

521/523

1 up

Gudden Co.

177

United Corpn. $3 cum" pf... 39

521/521,

i up

Goodrich (BF) ......

217

United Gas Corpo....... 21

to 8.5/8 and towards the Close WINNIPEG WHEAT sellers were quoted at 8.21/32 for December

Goodrich $5 pf.

67

701/701 70jb

Spot.

Shanghai Exchange

May.

75.b

July

763/781

701A 7518 761/782

up

Goodyear Tire & Co.

251

United Gas Improvement 14 Studebaker Com,

يو

"up

Great Northern Iron Ore ...

18

US., Industrual Alcohol.

24

up Great Northern Rly, pfd:

283

U.S. Rubber

391

NEW YORK HIDES

Great Western Sugar

29*

US. Rubber $8 pto.

113

Shanghai, Nov. 22 (Reuter).

Official TT Rates

December

March

June

13.72/72 13.75/80 14.07/10 14.10/16 13.35/35 13.47/48

13.72/72

unch.

Greyhound Corpn......

a 19

U.B. Steel

701

14,08/08

קט 01,

Hercules Powder Co.

851*

|Vanadium.

30+

13.35/35

unch.

Homěstake Mining..

594

Walworth Co.

*I*

Ajans

Bateria

Loudon

Bangoon

Opening

London

New York

0/4-3/4

New York, Omcial...... 34-3/4 NY-London Cross Rate 3.93-1/2

34-3/4

International Harvester

63

Warner Bros. Pict.

Bombay

Hazila

Lat. Nickel

40

Westinghouse Bec.

115

Calonta

Malphung

7-11/16

Int. Tel & Tel.

41

Woodward Iron Cor.

26

Backan.

Japan...

India

Paris

Hongkong

32-3/4

32-1/4

Johns-Manville

| J. & Laughlin Steel 37 píd. És

77

Chase National Bank

36*

Elanginin

New York Bankzin Paris

in anla

Conver

Bemarang

Kobe

Pelping

National City Bank

281*

3.48 31-1/2

Sellers

|

Opening

Spot

0/5-9/32

Nov.

Dec.

U.S. Dollars

Closing 0/5-1/4

0/5-9/32 0/5-174

0/5-1/4 0/5-15/64

LONDON STOCK EXCHANGE

(Ger. Stpd. Supl. Loan) The following quotations are the Jap. 5% Ster. Loan, 1907 middle prices at the close of the Jap. 6% Ster. Loan, 1924 58 market in London. All quotations Ger. 7% Intl, Loan," 1924, 74 are subject to cónflimation and Chartered Bank

-bid.

1-ex atv.

(REUTER'S BER VICE)

London, November 20,

DOW JONES AVERAGE

14

1939

49

High Low Dow Jones Averages 155.98 121.44 30 Industrials

Nov. 21, 1939, Nor. 18, High Low Close

131:53

Chanro

35.90 24.14 20 Raile 27.07 90.70. 20 Ubilimen

33.85

23.09.

159.08 151.02 151.69 34.43 23.85 34.08 9622 23 25.03

16

ap

.23 up

81

Spot

Nov.

Dec.

8-21/32 8-9/16

$8-21/32 8-5/8 8-5/8 8-17732

no responsibility is assumed for .K. & Shal Bank (Ldn. errors in transmission,

32.92 8451 40 Bonds

90.40

60.58 45.39 1 Commodity ladez 68.38

Е

Market: Quiet.

Sterling, 0/5-1/4,

US Dollars, $8-9/16.

Merchant Rates

Silver Buty Rate

The Central Bank of China's

War Loan, 31% (Red

After 1932) Canton-Kldon Rly. 6% Chinese 44% Gold Loan,

1898 (Brit. Issue)...... 55 Chinese 5% Gold Bonds,

1925-47

92-11/18 17

Resi H.K. & S'hai Bank (Col.

Reg.) Chinese Eng. & Mining “

(bearer)

841

90.48 56.85 Bakine Doné :—740,000 afraires

.18 of .16. up 130 up

SATE DEPOSIT Boxes To LET.

KAN TONG PO

Chief Manager.

Lyons Sourabaya

(Johore) Tientsin

Tokyo New York Teingtdo Peiping Yokohama

NEW YORK PEIPING

(Poking)

FOREIGN Exchance and General Banking Business transacted.

CURRANT Accounts opened and Fiit 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 Starling with... interest allowed at rates obtainable"

CURRENT ACCOUNTS opened in on application. LOCAL CUBRENOY and FIXED DEPOSITS

The Bank's Head Office in London received for one year of 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

Atso up to date SATE DEPOSIT any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

HONGKONG SAVINGS

BANK

The Business of the above Bank 13 conducted by the HONGKONG

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

For the HoNOKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

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

www.-.-..

Board of Directors:

Sir Bhonson Chow, Chairman

Li Koca Chan, Esq.

Li Lan Sang, Eng. P. K. Kwok. Eaq. Wong Chu Son, Eng. Wong Yun Tong, Esq. Kan fing Fo, Eng Chan Ching Shak, Esq. Feng Ping Wah Enq

Kan Tong Po, Esq., Chist Manager. Li Tee Fong, Esq., Manager.

Branches and Agencies :--

Korelos Penang

Salron

Singapore Bourabaya

Melbourne Ban Fran, Sydney

Shangha

Every description of Banking and

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL ·

HEAD OFFICE;

18, PINE STREET.

NEW YORK. American Bank offering com- plate Foreign Banking Service in the principal Markets of the

Interest Rates on Application.

*

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHAI NATIONAL BANK, New York, with Resources of over 1.8.$2,000,000,000.

"

D. M. BIGGAR,

Second Fios 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 to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office:--SHANGHAI Hong Kong Branch:

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

Exchange business transacted. LoaOH | granted on approved securities. CANTON

Current Accounts opened in Local SWATOW Currency and Fixed Depositare SHIUCHOW ceived for one year or shorter

KONGMOON- TOISHAN

KINGCHOW

We also handle the issue of Bonds

periods in Local and Foreign Cut- rencies on terma which will be and other Public Funds of the Chines Government both at Home quoted on application.

and Abroad.

SHOU. J. CETEN,

HAIPHONG HAMBURG HANKOW

YOKOHAMA

}

An

world.

Manager.

85

18

Chosen Corporation

6/6

Pekin Syndicate

S'hal Elec. Constr. Co...

12/6

London, Nov. 21 (Reuter)..

TIN

47

hal Waterworks "A":

11

rate on London at 10 sm, today] Chín. 41% Anglo-French

Union Insurance

buyers

23.

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

Loan, 1908

50

Gula Kalumpong Rabber 20

2

£

The Equalisation rate was 24-1/2)_1012 per cent.

Chinese 8% Crisp Loan,

Aitted ronfoundere tsees

15/3

27

Chinese 5% Reorg. Loan,

Asso. & Elec. Industries 39/3 Austin Motors, ord.

Standard, Cash 220 Standard,

3 months 230

inquoted TO

16/3

1913 (Lán. Is.)

38

Cable & Wireless, New

India Rupee Paper

Bombay, Nov. 21 (Reuter). Govt, 31% Rupee, 88-0-0.

Calcutta Exchange

Calcutt, Nov. 21 (Reuter). TT, on Japan, 80-1/2,

New York Exchange

New York, Nov. 21 (Reuter). 'T.T, on London (Opening Rate), 3.03-1/4.

LUNDON GOLD

London, Nov 21 (Reuter). Bar Gold, Fine..per oz., 168,

Chin. Imperial Fly, 5%

Loan

Honan Rly, 5%

Hukuang Rly. 5%, 1011 17

Chinese 8% 8ter. Notes,

Form, ord.

63

United Steel

21/101

1925 (Vickers)

ས འཐ

12

B-A Tob. (bearer)

08

Armstrong Stevens, ord.

Mercantile Bank

111

Pressed Steel, com.

14/7

55

Cammell Laird, ord...

6/71

Vickers, ord.

17/3

LONDON METALS

EXCHANGE

INDO-CHINA

sellers STEAM NAVIGATION COMPANY LTD.

unquoted Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO"

and TIENTSIN

KOBE and OSAKA

SINGAPORE, FENANG and CALCUTTA

SANDAKAN

Mexican Eagle

7

Woolworths

Courtaulds

30/9

Anglo-Datch

83/41 28

HAIPHONG

Hukuang Rij. 3%. 1911

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

5% 1913...... S'hai-N'king Rly. 5%

Distillers

66/9

Rub. Planit. Invest. Trust 32/71'

16

Dunlop Rubber

27

Burma. Corporation

10

Gen, Electric (England) 75/14.

14

Guinness (A) Bon & Co, 88

20

Tientain-Pukow Rly. 5%

(Brit. Stpd.) Tientain-Pufow R1 5% Smethwick Drop Forg..... 13/3

(German Stpa.) Tientsin-Pukow-Riy. 6%

Brit. Stpd.Supl Loan) 14 Tientsin-Pukow Rly. 5%

Hawker Biddeley Aire... 18 Bristol Aeroplane

17

14

18/44 Imperial Chemical Ind. 30/41 Imperial Tobacco

120 Marks & Bp'cer "A" ord, 82 Rolls Royce namažem

98/11 Leyland Motors 88/7# Tate & Lyle ... ****** :58/4+ Turner & Newall ...... 71/104

Commonwealth Mining..

Maraman Investments... 15 Randfontein Estates 37/5 Western Holdinge... 11/0 Sub-Nize....200 Tangnil Gold Mining..... "34 Anglo-Irzhian

For further particulars

61/3

Burmth

62/6

Shell Trans, és „Trná

(bearer). ...

82/6

*--Nominal

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONE OXILIO NERAL MANAGERS

Page 10Page 11