1939-11-27 — Page 10

On Singapore:-

PAGE 10-HONGKONG DAILY PRESS.

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

NOVEMBER 25,

On London:—

1939

Telegraphic Transfer. 1'4 78 Bank Bills, on demand)/2 7,8 Credits 4 months' sight 1,3 1/4 On Shanghai:-

On demand

$85

PAYNE &

CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

41

(FROM PAYNE & CO.)

NEW YORK STOCK EXCHANGE.

QUOTATION

MONDAY, NOVEMBER 27, 1939.

BANKS

HONGKONG & SHANGHAI | THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA

STOCKS

Last Sald

NOVEMBER 26, 1939

STOCKS

Authorised Capital....... 850,000,000 |

Nov. 25

Last Bale

Nov, 25

Adams Expresa

81

Kennecott Copper

391

Alleghany Steel Co. Allied Stores ....

223

Lakey Foundry & Mac..

4

Reserve Liability of

91

Libbey-Owens-Ford. Olass

53

Proprietors

.$20,000,000

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

prietors.....

AND CHINA Issued Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 131S Reserve Funds:

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

V

.£3,000,000 £3,000,000

£3,000,00€

HEAD OFFICE: LONDON:

Allis Chalmers ...........

301

Lockheed" Aircraft

2:9

Aluminium Ltd

102*

Loew's Inc.

35

Head Office:—HONG KONG

Amerada Corp.

Mack Truck Inc.

281

Board of Directors;

Amer, Can

1113

Manhattan Shirt Co.

American Cyanamid B

317

Martin, Glen L

391

On demand

52 3/4

On Japan:-

יך

On demand

102

SINGAPORE RUBBER

• Nov. 24

'New York, Nov. 25.

Nov, 25.

Amer. & Foreign Power

21

McKesson & Robbins, pfd,

Hon. Mr. A. L Shields,

WH. Lock, Esq.,

Ameri & Foreign $ pf....

887

Monsanto Chemical

1051

Chairman.

Deputy Chairman,

Change American Gas & Elec

381

Montgomery Ward

541

SPOT........

JAN./MARCH

APR/JUNE

On demand

Du fanila ---

44

On Bangkok —

On demand

140 1/2

Sterling Notes:-

Bank Buying Rate,

Bar Silver per os

.--. 1/3 3/4

93 7/16

Close 9.73/75

9.07 N

9.54/54

May

9:31:31

July

-8.98/9.01

July (New contract) Spot October (new contract)

9.10 N 9.94 N

To-

March

20.40/41 19.37/40

18.72/75

18 45/45

18.05 b

B81/881

On India-

Telegraphic Transter. Jag 3/8

and demand.

On New York:-

Bank Bills, on demand 24

Credits, 80 days' night 2 7 8

Un Batavia :-

On demand 44 5/8

On Parts:-

Bank Bills, on demand 1990 Credits 1 months' sight 1145

Un Salgeny--'

On demand

Market Report

FS /

FROM ROZA BROS. Silver prices dropped 1/18 yes- terday for both deliveries, the quotations being 23.7/16 for Ready and 23.9/16 for Forward. Suve. advices reported Speculators 0.5 having sold, A small business was done. The market was steady bat quiet.

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

Quiet.

Market

Sterling

There were sellers at 1/231/32 November/February and 1/2.15/16 March/April. buyers at 1/3 Cash and 1/3.31/32 probably March.

U.S. Dollars

Sellers at 24.7/16 November and 4.5/16 December, buyers at 24.9/16 Cash

Shanghai Dollars

Opened with sellers at 292. wards the close sellers were quoted at 302.

Shanthal Market Opened with sellers for Spot at 5.1/32. Subsequently the market eased off and the lowest fate touched was 4.13/16. Towards the close sellers for Spot were quoted

Shanghai Exchange

The market was uncertain.

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

COTTON: There was some December liquidation, while buyers were less aggressive. Hedging and foreign selling of later positions Amer. Tel. & Tel. were additional factors for easiness, but Trade support on the scale down was evident.

Amer. Tobacco. "g" Amer. Waterworks

RUBBER: December liquidation was readily absorbed and there Anaconda Copper Is some evidence of continued dealer and factory support.

WHEAT: No Indication of moisture in the drought sections continues to attract attention and is causing the steadiness of the market. There is a better Trade demand for cash.

Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohio

Bethlehem Steel Bliss & Co.

Barber Asphalt Co CORN: A better seeding is reported, The Trade is hopeful of a¦ Barnsdall Ou

Country interests good export demand,

are holding for advances Bendix Aviation and the tendency is moderately bullsh.

HIDES: The Trade absorbed the recent heavy sales of Actuals and the technical position of Futures has shown much improvement. We would "favour purchase during period of December liquidation.

NEW YORK STOCKS: Previous.clase. 148.47: Today's close, 148.64; Change. up .17.

NEW YORK - COMMODITY MARKET (By Courtesy of Messrs, Swan, Culbertson & Fritz and 3. 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

Boeing Airplane Co. Borg-Warner

Prev. To-day's High Low Close Close Change 9.86 9.58 9.73 9.61 12. o 20.35 20.30 20.40 20.35 .05 off 88-3/8 87-3/4 B3-1/4. 88-1/4 (50-1/2 50-1/4 50-1/4 50-1/2

14.02 13.95 13,86 14.00b 14 up Com. & Southern (ord)

NOTE; December cotton, first notice day:-27/11/39 last notice day:-15/12/39. NEW YORK RUBBER December

May. July September

Note: December rubber, first notice day:-28/11/39 las notice Elec. Bond & Share $0 pt. day:-27/12/30,

Total sales for the day:-350 tons." CHICAGO WHEAT December

J. K. Bousfeid, Esq.,

40-1/4 buyers 38-3/4" 38-1/2

40-5/8 buyers 39-1/8

37

up 3/8 Amer. Locomotiva

£3

National Aviation

113*

up 3/8 Amer. Metals Co...........

241

Bat. Dairy Products

A. H. Compton, Esq.,

18

Hon. Mr. S. H. Dodwell,

up 1/2 Amer. Radiator

101

Nat. Distillers

24

D. F. Landale, Esq.,

172

National Gypsum

111

G. Miskin, Esq.,

52

National Lead

20%

A. S. Morrison, Esq.,

211"

Nat. Power & Light

81

Hon. Mr. T.-E. Pearce,

KARACH!

1691

National Steel Corp.

73

H. V. Wilkinson, Esq.

63

Nat. Supply Corpa.

93

Sir Vandeleur M. Graybara,

111

New York Central .........

19

Chief Manager.

314

Niagara Hudson Power

7t

261

Branches:

CANTON CAWNPORK.

38, Bishopsgata E.C.I. Sub-Agencies In London:

117/12, Leadenhall Street, E.0.3. West End Branch:

14/16, Cockapur Street, S.W.1. Manchester Branch: 32, Mosley Street, Manchester, i

ALOR STAR AMILITAR

AGENCIES AND BRANCHES:

KAISIN PENANG HONG KONG HANGOON

·ILOILO IPOE

BANGKOK BATAVIA

BOMBAY

UALOUTTA KLANG

AGENCIES: 500

CLIVE STAKET

FAIRLIK PLACE

KUALA

“LUMPUR KUCHING

BAIGON

SEREMBAN

SHANGHAI

SINGAPORA

SITIAWAN

SOURABAYA

TAIPING

TIKSTRIN

N. American Aviation

247

MADRAS

TONGEAK

31

North American Co.

•

22

Amoy

Ipoh

Bi

Northern Pacific

91

Bangkok

Johore

*155*

Owens-linols Glass Co..

Batavia

Kobe

Penang Rangoon Saigon

СЕВО COLOMBO DKLEI

MANILA

(Bhuket)

Bombay

Kowloon

San

123

Faciac Gas & Elec.

323

HAIPHONG HAMBURG

MEDAN NEW YORK FRIPING

TRINGTAO TOKOHAMA

Calcutta

291

"Pacific Lighting

47*

Canton

821.

Packard Motors

33

Chefoo

16*

Paramount Pictures

8

Colombo

25

Pennsylvania R.R.

23

Dairen

45.

Phelps-Dodge

38

Foochow Manila

Biggs M'facturing

224

Phillips Petroleum

407

|

Brooklyn-M'hattan Trans.

131

Pittsburg Coke & Iron

Hamburg

912

Brooklyn-Manhattan $6

471

Public Service of N.3.

401

Canadian Pacific Rway.

47

Pullman Inc.

341

Case J. I

701

Pure Ou

9

Celanese

251

Radio Corpa pi'am,

51

"

Chesapeake & Ohio

421

Reading Company, Com:

187

Chrysler Corpo

85

Reading Company, 1st pid

254*

| Climax-Molybdenum Co.

461

Remington Arms Co., The.

45*

Coits Patent Fire-Arma ... Columbia Gas & E

87*

Republic Aviation Corp: ...

51

61

Republic Steel

231

unch Columbia 6% "A" pt.

847*

Reynold/Tobac. “9”

391

f up Commercial Credit Co.

481

Richfield Of

9

1

Safeway Stores

491

Opening

Closing

Change Colmonwealth $6 cum. pfd.

Schenley Distillers

131

9.65/65

9.51/61

.12 of Consolidated Edison

301

Schenley Distillers $51 pfd.

\\9.59/59

9.56 N

11 off Consolidated Oil

77

Sears Roebuck.

811

9.44/43

9.43/43

.11

off Continental Can

43

Shell Union Oil

131

9.20/22

9.20/20

11 off Continental Oil

24

Secony-Vacuum OU "

124

8.90/90

8.92 N

.06 off Com Products

643

Southern Paciic.

151

9.10/10

9.11/11

,08 off Curtiss Wright (C)

Southern Rly $5 pid.

34

9.82 N

8.48/46

8.52/52

.12 off Curtiss Wright "A"

Deere & Co.

291

Sperry.

451

217

Spicer Manufacturing Co.

301*

Distillers Corpn. Seagrams Douglas Aircraft

18

Standard Brands

51

75*

Stand Gas & Elec

31*

Du Pont de Nemours 20.30/30 20.35/35 .05 off Eagle Picher Lead 10.30b740a 19.43/43 .06 ip Eaton Mfg. Co. 18.70/70 18,76/76 .04 up Elec. Autolite

177

Standard Oil of California

251

121

Standard Oil of N.J.

28

Stone & Webster

361

Studebaker Com

18.41/44

18.35b/40a10 off Elec. Bond & Share ......... 18.05 b

81

Swift International

unch. Elec. Bond & Share $5 pi.

57*

Technicolor.......

88

Texas Corpn.

45+

Elec. Power & Light $7 pt.

301*

Texes "Gulf Sulphur

341

Flintkote

21

Trans-America Co.

61

Food Machinery Corp.

20th Cent. Fox, ..............

133

May

851/851

881/882 857/86

881/881

unch Gen. American Trans.

54

| 20th Cent, Fox. $1į pf.

24

Paid-Up Capital

Profits

852/851

Gen. Electric.

39%

Union Carbide & Carbon

864

Shanghai, Nov. 25 (Reuter)."

Omcial T.T. Rates

July

837831

834/834

831/83)

Gen. Motors

531

Union Pacific

1001

||

Opening

Friday's sales:-13,242,000 bushels. CHICAGO CORN

Gen. Railway Signal

19

United Aircraft

454

Gen, Tire & Rubber

221

United Airlines Trans.

13

London

0/4-3/4

December

501/501 501/501

501/501

0-1/4 up Glidden Co.

171

United Corpn.

21

New York

7-11/16

May

527/521 527/52)

524/521

unch. Goodrich (B.F.)

21

United' Corpn. $3 cum pf. 381

Japan

India

32-3/4

July

527/527

527/53

32-1/4'

WINNIPEG WHEAT

Goodrich $5 pt........ Goodyear Tire & Co.

65*

United Gas Corpn.

21

241

United Gas Improvement 143

Park

3.48

December

7043

70/702

Hongkong

31-1/2

May

75a

Sellers

July

761a

700/701 747-3 761/763

Opening Closing

NEW YORK HIDES

0-1/8 of Great Northern Iron Ore ... 171 0-1/8 oft Great Northern Rly, pfd. 271 0-1/8 up Great Western Sugar ...... 2:9

Greyhound Corpa.

UA.. Industrual Alcohol. UB. Rubber

211

39

U8 Rubber 38 píď...........

1111*

181

U.S. Steel

671

Spot

0/5-1/32

0/4-57/64

December

Nov

0/5-1/32

0/4-57/64

March

13.86/87 14.20/20

Dec.

0/5

0/4-7/8

June

U.S. Dollars

New York, Official

13.30b/951 14.20/20 14.45/45 14.50/50 34-3/4

14.00b/03a 14.35/35 14.60/61

.14 up Hercules Powder Co.

871

Vanadium

341

15 up Homestake Mining

59

Walworth Co.

7}*

.

.15 up international Harvester

591

Warner Bros. Pict....

4

Batavia

Sambay

Spot

$7-1/4

$8

NY/London Cross Rate

closed 3.93-1/4

Int. Nickel

391

Westinghouse Elec.

110

Calcutia

Italphony

Int. Tel. Tel.

43*

Woodward Iron Cor.

flasikow

'Nov,

8-1/4

8

Johns-Manville

744

Dec.

8-7/8

Sily Duty Eate

.

61-08 61-10

8-1/8

Market: Uncertain.

Merchant Rates

Sterling. 0/4-13/10.

US Dollars, $T-7/8.

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, November 24. Į Jap. 6% Ster. Loan, 1907 47 The following quotations are the Jap. 6% Ster. Loan, 1924 551

The Central Bank of China's middle prices at the close of the Ger, 1% Intl. Loan, 1924 6 rate on London at 10 am. today market in London. All quotations Chartered Bank was 1/2-1/28. unchanged from are subject to confirmation and yesterday.

no responsibility is assumed for

The Equalisation rate was 24-1/2 errors in. transmission, per cent

New York Exchange

New York, Nov. 25 (Reuter).

TT. on London (Opening Rate), 3,92-1/4

!!

India Rupee Paper

Bombay, Nov. 25 (Reuter). Govt. 31% Rupee, 87-9-9. Nom.-

Calcutta Exchange

Calcutta, Nov. 25 (Reuter). T.T. on Japan, 89-5/8;

SILVER MARKET

Bombay, Nov, 25. (Reuter).

Offtake nil. Market Quiet.

Indian Mint Silver

Ready..... Dec. 5 Settlement Jan, 6 Bettlement ...... 82-00

BROKERS' LOANS

New York, Nov. 23 (Reuter), Loan on securities to brokers in New York:-

Week-ended

Week-ended

Week-ended Nov, 17 Nov, 16 Nov 23 $575,000,000 $403,000,000 $484,000,000

Canton-K'loon Rly. 5% 17 Chinese 4% Gold Loan

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

1025-47

Chin. 41% Anglo-French

Loan, 1908

Chinese 6% Crisp Loan.

+1912

Chinese 5% Reorg. Loan,

1913 dn. 12)

Chinese 8% Ster. Notes.

1925 (Vickers)

Chin. Imperial Rly. 5%

Loan Homan Rly. 5%

Aukuang Rly. 5. 1911

Yakning Riy. 5%. 1911

(German Issue)

J. & Laughlin Steel 17 pfd. 72*

Chase National Bank National City Bank

341*

28

Honolul

Kobe

•-bid.

I-ex divi

1

DOW JONES AVERAGE

1939

&

High Low Dow Jones Average* Nov. 24, 168.92 121.44 20 Industriale

149.47

H.K. & S'hal Bank (Ldn.

Re)

83+

£

ar Loan, 31% (Red) after 1952)

.92

EK. & S'hai Bank (COL

Reg.)

85

35.90 24.14 20 Raile 97.07 20.70 0 Utilit 22.22 84.51 40 Bonds 60.63 45.69 11

3293

26,41

Nov. 26, 1939. High - Low) Qinan 149,75 143.04 148.84 32.97 32.73 3220 25.45 25.38 25.42

Change .17 ap ,03 off .01 up

90.05

Commodity Index 50.38

Chinese Eng, & Mining

(bearer)

89.92 58.31 Business Done :—290,000 shares

.13 off .00 off

B & 5 8 2 8.RE A

47

Chosen Corporation...... ................. Pekin Syndicate ..... S'hai Elec. Constr. Co. Shal Waterworks. “A”... Union Insurance

18 6/8

12/6 11 23

LONDON METALS

50

Gula Kalumpong Rubber 19/41. Allied Ironfounders

EXCHANGE

London, Nov. 34 (Reuter).

TIN

15/3

Asso. & Elec. Industries 39/6

27

Austin Motors, ord.

18/3

38

Cable & Wireless, New

Form, ord.

buyers

Standard, Cash 230 Standard,

sellers 2.

'TO-

B.-A. Tab. (bearer) ....

12

Mercantile Bank

Cammell Laird, ord.

53 95/44 11+ 6/71

3 months 230

unquoted

and TIENTSIN

55

Mexican Eagle

B

Armstrong Stevens, ord. 6 Pressed Steel, 'com.

15

Courtaulds

33/3

Vickers, ord.

14/44 17

17

Distillers

67/3

Woolworths

in 92/3

Patani

Haiphong Muar Swatow

(Johore) Tientsin Bankow Mukden

Tokyo Harbin New York Tsingtao Longhew Peiping Yokohama Iloilo

HANKOW

(Peking)

1

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year of 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 on application.

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED Deposits

The Bank's Head Office in London received for one year or shorter undertakes Executor and Trusted 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.

terins which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

BANK

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

For the HONGKONG & SHANGHAL

BANKING CORPORATION.

V... M. GRAYBURN,

Chief Manager. Hong Kong, 23th Feb., 1939.

BANK OF EAST ASIA, LIMITED

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

Reserve and Undivided

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

........

Board of Directora:

Sir Bhouson Chow, Chairman

Li Koon Chan, Esq. Li Lan Bang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Yan Tong, Esq. "Kan Ying To, Eag. Chan Ching Shulk, Esq. Fung Ping Wah Eng Kaa Tong Po, Esq., Chief Manager. Li Tea Fong, Esq., Manager.

Branches and Agencias:—

Koʻrioa Penang Singapore London Kangoo

Ewatc

Kelbourne San Fran. Bydney Nagusika

Disco Tiantain

New York Beattia Tancouver Partn

Paiping

Shanghal

THE CHASE 'BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

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 THX CHASE NATIONAL BANK, NEW Yons, with Resources of over 1.8.$2,000,000,000.

D. M. BIGGAB,

Second Vice Pres

BANK OF CHINA

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

→BANK PAID-UP CAPITAL 840,000,000.00 (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, 'C. South China Offices:

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

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

SAFE DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

KONGMOON TOISHAN

KINGCHOW

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

SHOU J. CHEN,

Manager.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD,

unquoted Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

KOBE and 'OBAKA “

SINGAPORE, PENANG and CALCUTTA, SANDAKAN

HAIPHONG

.i

Kuala

Francisco

Lumpur Shanghai **

London

Singapore

Lyons

Sourabaya

Malacca

Sungei

ALSO up to date Sare DEPOSIT Boxes in various sizes To LIT Hong Kong, 25th September, 1939,

HONGKONG SAVINGS

5,508,600,00

2,883,939.01

Macila

Balon

Sedang

Dunlop Rubber

27/41

Anglo-Dutch

28/9.

16

Lung Thing & U. Kai Rly.

14 5% 1913 S'hal-N'king Rly. 5%..... 20 Tientsin-Pakow` Rly, 5%

(Brit. Stpd.) Tientsin-Pakow Ely. 5% Smethwick Drop Forg.... 14

(German 8tpd.)

14. Tientsin-Pukow Rly, 5%.

(Brit. Btpd. Supi. Loan). 14 Tientsin-Pakow Rly. 5%.

(Ger. Styd. Bupl. Loan) 14

14

Gen, Electric (England) 78/3 Guinness (A) Son & Co. BS Hawker Siddeley Airc.... 18/3 Bristol Aeroplane Imperial Chemical Ind 30/9 Imperial Tobacco

120 Marks & Sp'cer "A" ord· 52/104 Rolls Royce...

18...

Rub. Plant. Invest. Trust 32/106 Burma Corporation...... 10/9 Commonwealth Mining.. Maranan Investments... 14/9 Randfontein Estates.

38/14

For further particulars

Western Holdings

11/74,

please apply to

Sub-Nigel

201/3

98/9

·Tanami Gold Mining...... 3d

Leyland Motora.

BB/6

Anglo-Iranian

Tate & Lyle

57/7 73 United Steel' ...--····

221/72 Smethwick Drop Forg.13/3

Turner & Newall

Burmah masisi

****81/14: ********81/104

Shell Trans, & Trad

(bearer)

---Nominal

82/6

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

Page 10Page 11