1939-12-09 — Page 10

"

Bank Billa, on demand ic90 Credits 4 months; sight 1145

On Balgonjene -

On demand

108 1/2

Ou Manila-

On demand.

On Bangkok :----

On. demand

Sterling Notes:-

Bank Buying Rate

48 1/2

149 1/9

1/4

CLOSING QUOTATIONS

DECEMBER 8 1939

On London:-

Telegraphic Transfer. 1/2 7/8 Bank Billa, on demand/2 7/8 Credits 4 months' sight 1/31/4

On Shanghal:- "

On demand

On Singapore:—

On demand

On Japan:-

On demand

On India:---

320

COMMODITY BROKERS

STOCK EXCHANGE · BUILDING

!)

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

52.3/4

03 3/4 SINGAPORE RUBBER

Telegraphic Treuster 2 1/2 and demand

On New York:-

Bank Bills, on demand 24-1/4 Credits, 60 days' night 24 7/8

On Batavia :-

On demand .............. 45 1/8

On Parts:-

SPOT

JAN-MARCH

APRIL-JUNE

The market was steady but quiet.

LONDON RUBBER

SPOT

JAN-MARCH

APRIL-JUNE·

נה

PAGE 10-HONGKONG DAILY PRESS

非

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

PAYNE &

CO.

NEW YORK STOCK EXCHANGE

QUOTATION

DEC. 8. 1939

STOCKS!

Lakey Foundry & Mac.

SATURDAY, DECEMBER 9, 1999.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

Last Fale

STOCKS

~Last Salu.

Dec. 7

Dec. 7

Adams Express repre

87"

4

-

Alleghany Steel Co.

224

Labbey-Owens-Ford

Glass 50

Allled Stores

10

Lockheed Aircraft.

32

Proprietors....

$20,000,000

Allis ChalmeIS netreradesmennt ih

391

Loew's Inc.

331

Aluminium Ltd

103

Mack Truck Inc.

Head Office:~~HONG KONG

29

Amerada Corp:

Manhattan Shirt Co.

Amer. Can

1124

Martin, 'Gier L

401

American Cyanamid B

310

McKesson & Robbins, pfd,

Board of Directora: Hon. Mr. A. L. Shield

New York, December 7, 1939,

Dec. 6

Dec, 7

amer."& Foreign Power Ameri & Foreign $7 pt....

Monsanto Chemical

104

W. H. Lock, Esqë,

261

Montgomery Ward

buyers

buyers

.38-7/8

37-1/4

53-1/8

.38-1/2

37 34-7/8

Change of 3/8

American Gas & Elec

37

National Aviation

12

Amer. Locomotive

201

at: Dairy Products

157

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

of 1/4 02 1/4

Amer. Metals Co.

25"

Nat, Distillers

PA

Hon. Mr. S. H. Dodwell,

Amer. Radiator

02

National Gypsum

113

D. F. Landale, Esq.,

Amer. Rolling Mill

171

National Lead

201

G. Miskin, Esq.

Dec. 6"

Dec. 7

Amer. Sting and Ring Co.

51

Nat Power & Light

81

K. S. Morrison, Esq.,

BANKING CORPORATION

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

Issued & Fully Paid Up $20,000,000 Incorporated by Royal Charter, 1859 Reserve Funds:

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

Sterling

£3,000,000

£3,000,000

....£3,000,00%

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

Chairman.

Deputy Chairman,

prietors...

HEAD OFFICE: LONDON:

38, Bishopsgate E.0.1. Sub-Agencies In London:

172, Leadenhall Street, E.C.3. West End Branch:

14/16, Cockapar Street, S.W.L. Manchester Branch:

59, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES:

ALDE STAM AMEITOAR BANGKOK

BATAVIA

HONG KONG

*. PENANG

KANGOON SLIGON

INDIA, AUSTRALIA

AND CHINA

ILOILO IPOR

AFREMBAN

buyers 11-1/8

buyers

Change

Amer, Sugar Refining

21..

National Steel Corp.

721

Hon. Mr. T. E. Pearce,

BOMBAY

KAZACHI

SHANGBAL

.. 11-1/8 11

11

11

off 1/8

Amer. Tel. & Tel....

1891

Nat. Supply Corpn.

H. V. Wilkinson, Esq.

GALOMITA

AUTOIES:

TLANG

KORZ

SINGAPURE

MITIAWAN

at

New York Cotton, Mar

Bar Sliver per ........

Market Report

FROM BOZĄ BROS.

23 0/16

Market closed quiet. Prices eased on Equidation and "stop-loss" selling.

COTTON: Prices advanced on price-fixing and good foreign de mand while contracts were scarce. Spots' were firm and there was a continued, demand for textiles and retall reports were encouraging. Our opinion remains bullish, believing that the tightness in 'free supplies,' the excellent domestie consumption cutlook and the general expectation of good exports will warrant higher prices eventually,

RUBBER: The easiness of the primary markets, the persistent December liquidation and the withdrawal of factory Interests were depressing factors. Favourable private estimates of November con- sumption were ignored.

WHEAT: The expectation of heavy abandonment of Winter" Bliver prices dropped 1/8 yester-acreage due to the recent drought conditions and unfavourable crop day for both deliveries, the quota- reports from Australia and Argentine were today's bullish factors.

NEW YORK STOCKS: Previous close, 148.78: Today's close, tions being 23.5/16 for Ready and 23.1/2 for Forward. Silver advices 148.70; Change, off 08

speculators as having reported sold to a small extent, The mar- ket was steady, American Silver was quoted at 34.3/4 for Spot,

The London-New York rate

at 402. New quoted

was quoted

was York-London 391.1/4.

cross-

NEW YORK COMMODITY MARKET

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

Auburn Motors Baltimore & Ohlo Barber Asphalt Co Barnsdall Ou

Bendix Aviation

Bethlehem Steel Bliss & Co.

Biggs M'facturing Brooklyn-M'hattan Trans., 143 Brooklyn-Manhattan $8 Canadian Pacific R’way. Case J, L

Celanese

10-7/8

of 1/8 off 1/8

Amer. Tobacco “B” Amer.. Waterworks Anaconda Copper Atchison, T. & 3. Fe.

812

New York Central

183

Sir Vandeleur M. Grayburn

11

Niagara Hudson Power

it

Chief Manager. Faiksik Plack

CLATE HYEST KUKLA

SOURABAYA

317

N. American Aviation

25

Branches:

30

| North American Co.

23

3+

Northern Pacific

21

Antoy Ipoh

€1

Owens-Illinois Glass Co.

641

Bangkok

Johore

Batavia Kobe

16

Pacific Gas & Elec.

321

Pesang Rangoon Saigon

121

Pacific Lighting

471

Bombay

Kowloon

Sam

Calcutta

Kusia

Francisco

301

Packard Motors

37

Canton

Lumpur Shanghai

83

Paramount Pictures

71

Chefoo

London

Singapore

157

Pennsylvanis R.A.

221

Colombo Lyons

Sourabaya

Boeing Airplane Co. Borg-Warner

231

Phelps-Dodge

39}

Dairen

Malacca

Sungai

24

Philips Petroleum

+40)

Focchow

Manila

Patani

27+

Pittsburg Coke & Iron

91*

Haiphong Muar

Swatow

Public Service of N.J.

39

50

Pullman Inc.

34

Pure Of........

83

734

Radio Corph of Am.".

521

Hamburg (Johore) Tientsin Bankow Mukden 'Tokyo Harbin New York Tsingtao Hongkow Peiping Yokohama Iloilo

27

Reading Company, Com:

164...

Chesapeake & Ohio'

427

Reading Company, 1st pid" 251

Chrysler Corpn.

BTI

Remington Arms Co., Inc.

Cilmax-Molybdenum Co.

471

Republic Aviation Corp.

51

Colts Patent Fire-Arma Columbia Gas & EL

811*

Republic Steel

237

01"

Revere Cop. & Brass Inc.

151

Market

Featureless.

Sterling

D

March May..... July

יה

Spot

The

market was

quiet in the

afternoon.

Sterling

at 1/2.31/32 December/February July

1-

and

F.8. Dollars

December

May

December

New York Rubber, Mar.- Chicago Wheat, May Chicago Com, May

There were sellers at 1/2.31/32 New York, Hides. May December-February and 1/2.15/16 NEW YORK COTTON March/April. probably May, buyers December

at 1/3 for Cash March.

and 1/2.31/32 January

U.S. Dollars

Sellers at 24.5/18 December and 24.1/8 January, buyers at 243/8 December, probably Cash and 24

1/4 January.

Shanghai Dollars

332 at the close.

Shanghai Market Sterling opench with sellers for "Spot at 4.15/32 and at the close sellers were quoted at 4.31/64 for Spot, US. Dollars, sellers for Spot opened at 7.0/32 and closed with sellers at 7.5/16 for Spot.

Afternoon Market

July (New contract) October

(,,) December (6)

Note: December cotton, last notice day:-15/12/39,

NEW YORK RUBBER December March May

July September

Note: December rubber, last notice day-27/12/39. Total sales for the day:-1,030 tena. CHICAGO WHEAT December

The market closed with sellers May

1 / 2.15 / 16 March' April, Wednesday's sales-34,722,000 bushels.

buyers at 1/3 Cash and 1/2.31/32 | CHICAGO CORN March

Sellers at 24.5/18 Cast. 24.1/4 July

December, 241/8 January and 24 WINNIPEG WHEAT February, buyers at 243/8 Cash,

Prev. To-day's High Low Close Close Change 13.09

9.82

9.85 10,08 .23 13.66 18.57 18.70 18.50 .10 of 96 931 931 941 1 up 561 551 55+ 15.05 14.84 15.00 14.84

Columbia 6% "A" pt. ****

851

Reynold Tobac. “9′′ „4.

381

Commercial Credit Co.....

45*

Richfeld Ol

81

MANILA

MEDAN

NEW YORK PRIPING

(Peking)

TAIPING

**TIENTS IN ТОМСКАЯ

(Bhuket)

TRINGTAO

YOKOHAMA

FORKION EXCHANGE and General Banking Business: transacted:

CURRENT Accounts opened and FIXED DEPOSIT received for One Year or shorter periods in Local or Other Currencies at rater which will be quoted on application.

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

CURRENT ACCOUNTS opened in on application. Local Currener and Firró Deposits The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Eocal and other Our business, and claims recovery of rencias OD 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,

CANTON CAWNTONE

LUMPUR

KUCHING

MADRAS

CKBU COLOMBO

DELI

HAIPHONG

HAMBURO HANKOW

Com, & Southern (ord) ...

14

Safeway Stores

473

Hong Kong, 25th September, 1939.

Manager.

קט

Colmonwealth $6 cum, pfd,

Schenley Distillers

131

Consolidated. Edison,

30

Schenley Distillers $54 pfd.

HONGKONG SAVINGS

Consolidated Oil

71

Sears Roebuck

201

$51

up

.16 on

Continental Can

.432

Shell Union Oil

1211

Continental 'OI! .........................

23

Socony-Vacavrà qu

121

Close

Opening

Closing

Change

Com Products

82A

Southern Pacific

151

10.14/15

10.16/16

10.38/39

24 up

Curtiss Wright (C.)

102

Southern Rly $5 pfd.

341

is, conducted by the HONGKUNG

10.08/08 10.06/06

10.31/31

קט, 25.

Curtiss Wright' "A"

231

Sperry

457

0.85/85

9.84/86

10.08/09

.23 up

Deere & Co.

9.56/58

9.55/55

9.74/80

.18

up

Distillers Corpn. Seagrama 161

Spicer Manufacturing Co. 32. Standard Brands

&

9.22/22

9.21/20

9.39/40

:17 up Douglas Aircraft

1

771

Stand Gas & Elec.

21

."9.42 N

9:41b/43a

9.59 N

.17 up

Du Pont de Nemours.............

1801

Standard Oll of California

251

8.74/74

8.74/75

unquoted

10.29 N

* 8,90/93

unquoted 10.553 N

18 up

Eagle Picher Lend

12

Standard Oll of NJ.

441

Eaton Mfg. Co.

2911

Stone & Webster

117

.24 up

Elec. Autolibe

381

Studebaker Com,

84

Elec. Bond & Share

77

Swift International

314

Elec. Bond & Share $5 p1.

572

Technicolor

121

10.65b/803

18,70/70

19.50 B 18.59/57 18,60/60 18.14/14 17.91b/18.05a 18.00/00 17.80b/853 17.78/75 - 17.60b/652

15 off

Elec. Bond & Share $6 pf,

€8

Texas Corpn.

45 1

.10 OF

17.78b/80a .02

17.65b/704 .05

ខនិង

14 off

Elec. Power & Light $7 pf. Filatkote

30

Texas Gulf Sulphur

334

221

Trans-America Co.

61

off

Gen. American Trana.

551

20th Cent. Fox.

121

Authorised Capital......$10,000,000.00 Paid-Up Capital Reserve and Undivided

up

Gen. Electric

397

20th, Cent, Fox. $14.pf.

241

Profits

2,633,539.01

Gen. Motors

54

Union Carbide & Carbon ...

8611

..BANK

THE CHASE BANK

The Business of the above Bank 13, QUEEN'S ROAD, CENTRAL

& 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., 1939.

BANK OF EAST ASIA,

LIMITED

****** 5,598,600,00

HEAD OFFICE;

18, PINE STREET,

NEW YORK. An American Bank offering com- plate Foreign Banking Service in the principal Markets of the world Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by Тик CHASE NATIONAL BANK, Naw Yoan, With Besources of ori 1.8.82,000,000,000,

D. M. BIGGAR,

Second Vice Pre

Gen. Railway Signal

191

Union Pacific

981

3

Gen, Tire & Rubber

23

United Aircraft

451

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

I

Glidden Co.

181

United Airlines Trana.

141

14

974/978 931/93 911/911.

937/931 92/91

981/981 948/941 93+/93

up

Goodrich (B.F.)

201

United Corpn.

24

11 up Goodrich $5 pl.

65

United Corpn. #3 cum. pt.

981

14 up

Goodyear Tire & Co.

242

United Gas Corpn.

2

Great Northern Iron Ore

181

United Gas Improvement 148

Great Northern Rly, pfd. 28

U.S., Industruaï "Alcohol

223

548/542

554/554

551/55+

543/542 554/557

off

Great Western Sugar

29

US. Rubber

411

up

Greyhound Corpn..

184

US. Rubber 38 pid:

1061

554/85#

56/56

} up Hercules Powder Co.

887

U.S. Steel

69

ד

Homestake Mining

60%

Vanadium

348

781/701

813/813

1 up International-Harvester

601

Walworth Co.

61

Amsy

Bateria

24.1/4 January and 24.1/8 Feb-May rtiary.

July.

837/837 841/843 551/552

854/85 8617861

11 up Int. Nickel

361

Warner Bros. Pict.

4

Manila

Calenita

Shanghai Dollars

NEW YORK HIDES

1 up fnt. Tel. # Tel. Johns-Manville

.4

Westinghouse Fec.

112

771

Woodward Iron Cor.

25.

332.

:

Shanghai Market

Sterling 415/32 sellers for Spot. US. Dollars 7.9/32 sellers for Spot.

Shanghai Exchange

Shanghal, Dec, 8 (Reuter)

Official T.T. Rates "

March ...

15,00/00

15.05/03

14.84/85

16 off& Laughlin Steel $7 pfd. 72

June

15.30/30

15.35/29

15.13/13

17 off Bennecott Copper

384

Chase National Bank National City Bank

351*

Balkon Honolulu Kobe

281*

New York, Official

34-3/4

34-3/4

NY-London Cross Rate 3.92

3.91 1/4

bid.

DOW JONES

-ex div.

AVERAGE

1939

London

New York

Japan

India

Parts

Hongkong

0/4-1/4

6-7/8

29-1/4

23-1/2

Bills Bought

3.11

US, Securities held

28-1/4

Federal Reserve Ratio

Sellers

ommitted)

Selling Opening Closing

/04-15/32 0/4-31/84

Spot

0/4-15/32 0/4-31/64

Dec.

Jan

Spot

Dec,

Jan,

Market: Quiet

0/4-7/16 · 0/4-29/04 U.S. Dollars

$7-9/32 $7-5/16

7-1/4

- 1-9/32 7-1/8

7-5/32

Merchant Rates

Sterling. 0/4-1/18

US Dollars, $7-3/18.

Silver daty Hate

The Central Bank of China's rate on London at 10.00 am, today was 1/2-1/2d,, unchanged from yesterday 1,

The Equalisation rate was 23-1/2) Der cont.

::

Calmuta Exchange:

Calcutta, Dec, 7 (Reuters)

T.T. on Japan, 81-1/8

India Rupee Paper

Bombay, Dec. 7 (Reuter), Govt, 31% Rupee, 87-12-0 nomi-

zal

FEDERAL RESERVE SYSTEM

Federal Reserve Credit Outstanding Monetary Cold Stock Industrial Advanow

LONDON METALS -{

EXCHANGE

London, Dec. 7.(Reuter).

TIN

New York, Dec. 7 (Reuter).

Dec. 1 Nov, 30 Dec. 7

(000's 1,000 2,584,000 2,552,000 2,512,000

83,68%

86.59% 86.71% 2,584.000 2,605,000 2,568,000 16.312,000 17.347,000 17,408,000 15,821,000 11,392,000 11,387,000

SILVER MARKET

LONDON SILVER London, Dec. 7 (Reuter).

Silver-Small speculative selling. Market quiet. In the afternoon. the market was quietly steady,

Spot, 23-5/16d.

Duyers sellers:

*

✩ unquoted

unquoted

4

Standard, Cash 230 Standard,

الله

3 months 230-

BROKERS' LOANS

New York, Dec, 7 (Reuter),' Loan on securities to brokers in New York:-

Week-ended Week-endea

Week-ended Dec. 1 Nov, 30 Dec. 7 $571,000,000 $519,000,000 $507,000,000

New York Exchange

New York, Dec. 7 "(Reuter). FT. on London (Opening Rate). 3.91-5/8.

· Forward, 23-1/24.

NEW YORK SILVER

New York; Dec. 7 (Reuter), Official Price, 34-3/4,

BOMBAY SILVERİ

Bombay, Dec. 7 (Reuter). Market Easy... Offtake 125 bars Indian Mint Silver

Ready

Jan. 6 Settlement Feb. 3 Settlement

B1-04

61-12 62-04

LONDON GOLD

London, Dec. 1 (Reuter). Bar Gold, Fine per dz. 168;

High Low Dow Jones Averages 155.92 121.44 20 Industrials

35.90 24.14 20 Baie 17.07 90.700

29.99 84.51 40 Bonds

INDO-CHINA

STEAM NAVIGATION COMPANY LTD THE MERCANTILE BANK

Operating Borvices for Cargo and Passengers

TO

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

Bad TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are lauded.

For further particulars

please apply to-

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

OF INDIA, LIMITED

|Head Offco1–15, Gracechurch Street,

London, E.03.

Authorised Capital

Sabarbed Capital

Paid-ug' Chipital

Lasers Fund and Beek

BANKERS:

25,007.

The Bank of England and Midland

Bank. Ltd. BRANCHES:

·Bangkok ...... Ipob

Buttbsy

Dalbaffa

Delbi

Hoogkung

Kuantan

· Kunda TreeSEN NEGA

·w York

Penang

Rangoo

Kota Bharu

Bhaoghal 81

Kandy

Karachi

Kuala Lipis Howrah Kuala Lumpur Singapore

VHONG KONG BRANCH: Brary dorption of Banking and Exchange

business trinančiadi

.. Travellers, Cheques issued, &

TRUSTER AND EXECUTORSHIP A UNDERTAKEN

"QUHRKEZ ACCOUNTS Opvand· în Lommal Chari Dosey and PTXED DEPOSITS venifeet in Loess CurrenOy, STERLINGU.8, DOLLARS va beras shab,tuay be jeoutalásd on spplication, -

<b: BENSON.

11

Dec. 8, 1939

32.14

Utilities

25.21

€9.57 80.53 45.59 11 Commodity Index ̈68.80

Dec. 6, Bigh Low Close Change 148.78

149.59 147.98 148,7003 off .32.45 3:07 39.23 .09

26.11 96.07 25.1407 of 89.52 .95 off 59.58 09 up

Business Done -—1,010,000 shares

Board of Directors: Bir Bhomson Chow, Chairman Li Koon Chas, Eng- Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son Wong Yun Tong, Esq. Kan Ying Pa, Reg. Chan Ching Shak, Esq. Fang Ping Wah Esq

Kan Tong Po, Esq., Chief Manager. Li Tae Fong, Esq., Manager..

Branches and Agencies :—

Singapore Rangoon Bourabaya Badgon Bwstow an Fran- Bydney

disoo Fantala

Halphong

Borloos Loudes

Реп

Melbourne Magas Yew York Benttia Vancouver Parkt

Pulping

Semarang Shangbal

or

BANK OF CHINA

Specially Chartered by HE NATIONAL GOVERNMENT

OF CHINA AB. AN INTERNATIONAL EXCHANGE

RANK 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

Head Office:--SHANGRAI Hong Kong Branch: 4, QUEEN'S ROAD, C. South China Offices:

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

Current Accounts opened in Local. Currency and Fixed Deposits re- ceived for one year

'shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.

SAFE DEPOSIT Botzs To Lar

KAN TONG PO; · Chief Manager

CANTON SWATOW SHTUCHOW

KONGMOON TOIBHAN KINGOHOW

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

"SHOU J. CHEN,

Manager.

Page 10Page 11