1939-12-20 — Page 10

Daily Press 孖剌西報 All

Series Prev Next Source

310

COMMODITY MARKET

98 3/4

On demand

On India:

103 1/2

Telegraphic Transfer. 1 1/2 and demand

On New York:----

Bank Bills, on demand 247/18 Credits, 80 days' sight 25" 1/16-

Un Batavia-

Un demand 45 1/2

On Paris:-

Bank Bills, on demand 1390 Credits 4 months' sight 1145

On Baigen

On demand 108 1/2

SINGAPORE RUBBER

New York, December 18, Dec. 18 Dec. 18

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS]

DECEMBER 19, 1939

On London:-

"Telegraphic Transfer. 1/2 7:8 Bank Bills, on demand/2 7/8 Credits 4 months' sight 1,3 1/4

On Shanghaft-

On demand

On Singapore:-

On demand

On Japan:-

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

(FROM PAYNE & CO.)

NEW YORK STOCK EXCHANGE

QUOTATION

WEDNESDAY,

DECEMBER 20,

1939.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

STOCKS

1st Sale

DEC. 19, 1939 STOCKS

Dec. 18

Last Bale

Dec, 18

Sterling

Adams Express

Lakey Foundry &-Mac.

Alleghany Steel Co. k

211

Libbey-Owens-Ford

Glass

Allied Stores ......

Lockheed Aircraft

Proprietors

$90,000,000

302

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

prietors

"HEAD OFFICE: LONDON:

BANKING CORPORATION

Authorised Capital 850,000,000

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 181S Reserve Funda:

£6,500,000 Reserve Fund

Paid-Up Capital

INDIA, AUSTRALIA AND CHINA

.£3,000,000 £3,000,000

£3,000,00€

Allis Chalmers.

Loew's Enc.

321:

Head Office:-HONG KONG

REVIEW

Aluminium Ltd

951

Mack Truck Inc.

291

Amerada Corp.

Manhattan Shirt Co,......

Amer. Can

1124

Martin, Glen L

391

American Cyanamid B

McKesson & Robbins, pfd,

Amer. & Foreign Power

Monsanto Chemical

1061

Ameri & Foreign $7 pf....

241

Montgomery Ward

541

"buyers

buyers

Change

American Gas & Elec

381

National Aviation .....

12"

SPOT

39-1/4

39-3/8

up 1/8

Amser. Locomotive

224

at, Dairy Products

JAN.-MARCH

38-3/4

APRIL-JUNE

38-3/4

39 37

1/4

Amer. Metals Co.

Nat. Distillers

up 1/4

Amer, Radiator

National Gypsum

D. F. Landale, Esq.,

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

W. H. Lock, Esq.,

Chairman...

Deputy Chairman,

J. E. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell,

38, Bishopsgata E.0.1. Sub-Agencies In London: 117/19, Leadenhall Street, E.C.3 West End Branch!

14/18, Cockapur Street, 8.W.1. Manchester Branch: 89, Mosley Street, Manchester, 2. AGENCIES AND BRANCHES:

HARBIN HONG KONG LANGOON

ALOR STAR

PENANG

AMRITSAR

The market was quiet.

Amer, Rolling Mill

188

National Lead

201

G. Miskin, Esq.,

BANGKOK

LONDON RUBBER

Dec, 16

buyers

SPOT...... JAN.-MARCH

11-13/16

11-7/8

APRIL-JUNE

.11-3/4

Dec, 18 buyers.

11-15/16" 11-15/16 11-13/16

Amer. Sting and Ring Co.

521

Nat Power & Light

K. S. Morrison, Esq.,

BATAVIA

ILOILO 1POE

BAIGON

BERAMBAN

Hon. Mr. T. E. Pearce,

BOMBAY

Change

Amer, Sugar Redning

213

National Steel Corp.

701

H. V. Wilkinson, Esq..

Amer. Tel & Tel

1681

Nat Supply Corpn...

up 1/8 up 1/16 up 1/16

Amer. Tobacco "B" Amer. Waterworks Anaconda Copper

New York Central...

181

111

Niagara Hudson Power

Sir Vandeleur M. Grayburn,

Chief Manager.

CALCUTTA

KARACHI KLANG AGENCIES: KOBE CAFE STOKET KUALA FAIRLIK PLACE

GANTON

SHANGHAI

SINGAPOR

SITIAWAN

GOURABAYA

LUMPUR

TAIPING

31}

N. American Aviation

The market quiet but steady.

Biggs M'facturing.. Brooklyn-M'hattan TraNS, Brooklyn-Manhattan 36 Canadian" Pacific Rway." Case J. I, Celanese

Opening

11.15/15

11.12/12

10.96/97

10.62/62

10.24/24

10.43 N

9.75/75

10.62/62 10.28/29 10,25/26 10.51/51 10.44/44 9.79/80 9.76/76

10.54/54

up Commercial Credit Co. up Com. & Southern (ord) Up Consolidated Edison..... .03 up Consolidated Oll Change Continental Can..... .07 of Continental Ol... .08 off Copperweld Steel .08 off Com Products..

.01 .01 up

01 up Curtiss Wright (0) Curtiss Wright "A" Deere & Co.

9.73 A

9.67 N

Distillers Corph. Seagrams

11.40 N

11.33 N

07 off Douglas Aircraft .........

Volume (In contract of

100 bales each)......

102,600 bales

Elec. Bond & Share

Elez, Bond & Share $5 pl.

December

March

May

20.30 N

20.45b/45a

19.40b/50a 19.45/45 19.08/08 "19.10b/15a 18.85/85 18.70/70

19.55/55 .. .15

18.95/99

19.10b/15a 19.00/00

.02

.15

18.78/78

*08

59899

.15 up Elec. Bond & Share $6 pi

Elec. Power & Light"$7 pi. Fiintkote

Gen. American Trans.

Gen, Electric

Gen. Motor:

Gen. Railway Signal

Gen. Tire & Rubber

Glidden Co. ".

1067/107

May"

105/1051

July

1058/106 1034/1031 1032/1041

1113/1114 1001/109

4 up

Goodrich (BF)

4 up

Goodrich $5 pf/

· 107/1071

Goodyear Tire & Co.........

Great Northern Iron Ore ...

Saturday's sales:-42,185,000 bushels,

CHICAGO CORN

Great Northern Aly, pfd

Great Western Bugar

December

581/581

571/561

Greyhound Corpn.

581/581

582/58%

591/591

581/581

591/591

11 up

1 up Hercules Powder Co.

Homestake Mining

International Harvester

Int. Nickel

December

May

July

847b 89/891

871/871

2 UP Int. Tel. & Tel.

891/891

90/90

911 921/92+

21 up

John's-Manville

24 up

J. & Laughlin Steel 37 pra. Kennecott Copper

15:56/58

.03 up

15.86/86 34-3/4 3.95

.03 up

Du Manila:

On demand

42 7/8

On Bangkok —.

On demand

149 1/2

Sterling Notes:----

Bank Buying Rate

1/4

Bar Silver per ca.

Market Report

23 7/18

FROM ROZA BROS. The price for Ready Silver rose 1/18 yesterday to 23.7/16 but the Forward rate was unchanged atļ 23.9/16. Silver. advices reported the market as being steady buti quiet. Bears covered to a small extent. American Silver was quot- ed at 34.3/4 for Spot.

The London-New

York cross-

rate was quoted at 402, New York- London was quoted at 395.

Market

Featureless.

Sterling

There were sellers at 1/3 Decem- ber/January, 1/2.31/32 February March and 1/2.15/16 May/June.: buyers at 1/3.1/33 Cash and 1/3 February.

F.S. Dollars There were sellers at 24.5/8 De- cember. 24.9/18 Arst half January and 24.7/16 frst hatt February. buyers at 24.11/16 Cash, 24.9/16 January and 24.7/16 February.

Shanghal Dollars

During

the early part of the morning there were sellers at 315

Atchison, T. & S. Fe.

NEW YORK COTTON; Present levels are attracting large Auburn Motors amount from Loan.

CHICAGO WHEAT: Extensive short-covering by the mills con- tinues to disclose the tightness of the December position. The cash market is strong.

GENERAL COMMODITIES: We disfavour short position in any major commodities under war uncertainties, but would be disposed to take profits on speculative longs on very much further advance. NEW YORK STOCKS: Previous close, 149.36; Today's close. 149.22: Change, off .14.

NEW YORK COMMODITY MARKET

(By Courtesy of Mesars, Swan, Culbertson & Fritz and

S. F. Levy & Company),

New York Cotton, Mar. New York Rubber, Mar, Chleago Wheat, May Chicago Corn, May New York. Hides, Mar. NEW YORK COTTON January March May July July, (New contract) October December ( ) Spot

Prev. To-day's Eigh

Close Close Change Low

11.05 10.78 10.96 10.88 08 off 19.59 19.45 19.40 19.55 .15 109) 1041 105 1094 591 58 581 591 '1 15.68 15.58 15.53 15.56

Closing

11.08/08 - 10.88/90

Note: January cotton, Arst notice day:-26/12/39 last notice day:

for Spot. Inter sellers were quot--17/1/40.

ed at 308. Towards the close at 1 NEW YORK RUBBER p.m. there were sellers at 312 for Spot.

Shanghai Market.

sterling opened with sellers for July Spot at 4.11/16. The highest rate September touched was 4.13/16. Towards the

close at 1. p.m. sellers, for Spot

were quated at 4.3/4. US Dollars

Note: December rubber, last 11otice day:-27/12/39." Total sales for the day:-1,000 tons.

opened with sellers" at 7.11/16 and| CHICAGO WHEAT

towards the close at 1 p.m. sellers December

were quoted at 7.13/16 for Spot

Afternoon Market

The market was quiet in the

afternoon.

Sterling

The market closed with sellers May

at 1/3 December/January. 1/231/ July

32 February/March and 1/215/16 WINNIPEG WHEAT May/June, buyers at 1/3.1/32 Cash

and 1/3 February..

U.S. DollarN

NEW YORK HIDES

There were sellers at 24.5/8 Der cember, 24.9/16 first half January and 247/16 first half February. March buyers at 24.11/16. Cash, 24.9(16 June

January and 24.7/10 February.

Shanghai Dollars Towards the close sellers

quoted at 313 for Spot.

were

Shanghai Market Sterling opened with sellers in the afternoon at 4.25/32 for Spot and towards the close buyers were quoted at 4.3/4 for Spot.

Shanghai Exchange

Shanghai, Dec, 19 (Reuter),

· Official T.T. Rates

London

New York

Japan

India

15.53/53 15.60/64 15.83b/84a 15.90/99

New York, Official ...... unquoted: NY-London Cross Rate 3.94

SILVER MARKET,

LONDON BILVER London, Dec. 18 (Reuter). Suver: Little bear covering. business very small. Market quiet- ly steady. In the afternoon, the market was quietly steady.

Spot, 23-7/184. Forward, 23-9/16d.

NEW YORK SILVER New York, Dec. 18 (Reuter).

BOMBAY SILVER Bombay, Dec. 18 (Reuter),

Market Steady.. Offtake 200 bars

U.S. SHIPPING IN,

MEDITERRANEAN

NEW YORK, Dec. 18 (Reuter).- The US. Maritime Commission has authorised the United States Line to operate the liners Manhattan and Washington, between New York, Naples and. Genos.

On the westbound voyage, the

Baltimore & Ohlo Barber Asphalt Co Barnsdall Ol Bendix Aviation Bethlehem Steel Bliss & Co.

Boeing Airplane Co. Borg-Warner

Chesapeake & Ohio Chrysler Corpn. Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia" Gas & El. Columbia 6% "A" pl.

Du Pont de Nemours

Eagle Picher Lead

Faton Mfg. Co.

Elec. Autolite

1939

*-ex, div. DOW JONES AVERAGE

High Low Dow Jones Avarsges 156.92 121.41 30 Industrial

36.90 94.14 20 Rails 27.07 20.70 2 Utilities 02.39 84.51 4 Bonds

Dec. 13, 1939 Dec. 16, High Low

149.38

Close 149.80 148.69 '149.22

31.78

31.80 31.43 31.03

Change .14 off *.25 off

21.88

24.99" 24.70 24.88

89,29

89.20 64.67

.06 of ‚ng-off

.97 up

Business Done-720,000 shares

63.70 45.59. 11 Commodity Index 83.70

INDO-CHINA

vessels will be allowed to put in at STEAM" "NAVIGATION COMPANY LTð:

Monaco, but only for the purpose of picking up passengers.

0/4-1/4

8-7/8

Omcial Price. 34-3/4.

29-1/4

Paris Hongkong

23-1/2 3.11

28-1/4

Indian Mint Silver

Sellers

Opening

Closing

Ready

62-12

LONDON METALS

Jan. 6 Settlement

Epot

0/4-3/4.

0/4-3/4

62-15

Dec.

0/4-3/4

0/4-3/4"

Feb. 3 Settlement

63-09

Jan.

U.S. Dollars,

Calcutta Exchange

Spot

$7-13/18

Dec.

Jan.

$7-13/16 7-25/32 7-25/32 7-11/18 7-11/16

Calcutta, Dec, 18 (Reuter): TIT: ori. Japan, 80-3/8.

onyers sellers

Standard, Cash 258-1/2 259 Standard,.

256-1/2

0/4-23/32 0/4-23/32

EXCHANGE London, Dec... 18 (Reuter).

TIN

Market:-Quiet.

Merchant Rates

Sterling. 04/-3/4

US Dollars, $7-13/16.

Silver Duty Rate

The Central Bank of China's, rate on London at 10 am. today was 1/2-1/24, unchanged; from yesterday.

The Equalisation rate was 24-1/4

.ber cent

India Rupee Paper

3 months 256

Bet'ment Prices 258-1/2 Straits ......... 284 nominal

Bombay, Dec. 18 (Reuter).Standard, Government 31% Rupee, 87-12-0 nominal..

You York Exchange

New York, Dec, 18 (Reuter). TT, on London (Opening Rate). 3.93-7/8

LONDON GOLD

London, Dec, 18 (Reuter). Bar Gold, Fine per oz., 189.

Operating Services for Cargo and Passengers

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA ' SANDAKAN

HAIPHONG

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

For further particulars

please apply to

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

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office:-15, Gracechurch Street,

London, E.03

Authorised Capital..

Sabeer bad Capital

Paid-or Capital

Reserve Fund and Rest,

BANKERS:

£3,000,000

23,800,000

21,060,000

21,262,770

The Bank of England and Midland

Bank, Ltd.

BRANCHES:..

Kaala Trengganu

Bangkok

Ipoli

Bombay

Hxdra

Calcutta

Kuantan

New York

Colombo

Handy

Penang

Delhi

Karachi

Fogoon

Galle

Kota Bharu

Shanghai

Hongkong

Kuala Lipis

Mula

Howrah

Emala Lumpur Slogspore

HONG KONG BRANCH:

Every description at Banking and Exchange basina transacted.

Travallers Cheques femird,

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

CURRENT ACCOUNTS opened in Loral Car ready an FILED DEPOSITA raived in Loent Dorrency, STELLING & U.B, DOLLARS oc termy that may be soartalad on application.

D." BENSON,

Manager

갔다.

North American Co.

211

Amoy

Branches:

Ipoh

CAWN PORE CHE

SUCHING

TIENTSIN

Northern Pacifc

.. 81

Bangkok Jobore

Owens-Elinois Glass Co.

827.

Batavia

Kobe

Penang Rangoon Saigon

144

Pacific Gas & Elec.

Bombay Kowloon

San

Pacific Lighting3,

471*

Calcutta Kuala

Francisco

291

Packard Motors

Canton

Paramount Pictures

Chefoo

Columbo

147

Pennsylvania R.R.

221

Lyons

Dairen

Malacca

23+

Phelps-Dodge

411

Foochow Manila

240

Phillips Petroleum

381

Haiphong Muar

21+

Pittsburg Cake & Tron

81*

Hamburg

Public Service of NJ.

404

Pullman Ixc.

Pure Qu

721

Radio Corpn. of Am.

Iloilo

283

Reading Company, Com

Reading Company, ist pid

251*

691

Remington Arms Co., Mc.

41*

Republic Aviation Corp. ...

821

Republic Steel

Revere Cop. & Brass Inc.

141

Reynold Todac. "B"

371

444

Richfeld Ou

Safeway Storer

471

30%

Schenley Distillers

11)

Schenley Distillers $54 pfd.

Sears Roebuck .......

Shell Union Oil

121

| Socony-Vacuura Off

117

63 -

Southern Pactic

14%

101

Southern Rly $5 pfd.

281

Sperry

451

Spicer Manufacturing Co.

314

161

Standard Brands ......

793

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

1791

Standard Oil of California

247

114

Standard Oil of NJ.

43+

Hong Kong, 25th Feb., 1839.

291

Stone Webster

111

371

Studebaker Com,

Swift International

324

571*

Technicolor

141

Texas Corpn.

431

301

rexes Gulf Sulphur

324

201

Trans-America Co.

20th Cent, Fox.

*397

20th Cent. Fox. #1 pr.

2,863,039.01

534

Onion Carbide & Carbon

861

181

Union Pacific

HANKOW Lumpur Shanghai London Singapore.

Sourabaya Sungei

Potani

*Swatow (Johore) Tientsin Bankow Mukden Tokyo Barbiz New York Tsingtao

Yokohama Hongkew Peiping

CUREKST

MIDAN

NEW YORK PELPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Cus 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 FizED DEPOSITS The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Gur business, and claims recovery of rencies terms which will be British Income Tax overpaid, on terms which may be ascertained at

quoted on application.

ALBO up to date SAFE DEPOSIT any of the Agencies and Branches. Bors in various sizes To La Hong Kong. 25th September, 1939.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules 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 6,598,600.00 Reserve and Undivided

Profita

Head Office:-HONG KONG

R. A: CAMIDGE,

Manager.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET, An American Bank offering com- NEW YORK.

plate 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 BOCK, New York, with Resources of ove U.8.$2,000,000,000.

D. M. BIGGAB,

Second Vice Pres

COLOMBO DELHI

MADRAS MANILA

TONGKAH

(Bhuket)

TSINGTAO

HAIPHONG

TOKOHAMA

HAMBURG

221*

United Aircraft

454

No. 10 Des Voeux Road, Central.

174

United Airlines Trans.

197

United Corpn.

"24

63+

United Corpn. $3 cum pt.

374

"Li Koon Chan, Eag

231

United Gas Corpn.......

174

United Gas Improvement

271

UB., Industrual Alcohol

21 *

US Rubber

40%

1617

US. Rubber 48 pid.

110

891

U.S. Steel

671

60...

Vanadium

Andy

621

Walworth Co....

Bateria

361

Warner Bros. Pict.

Boobay

Manika

Caloutta

Westinghouse Elect

1147

Haiphong

Hankow

751

Woodward Iron Cor.

231*

Honglulu Kobe

66*

Chase National Bank

30 *

Paris

Falping

Bemarang Shanyba

38+

National City Bank

281*

*-bld.

Board of Directora:

Bir Shomson Chow, Chairman

Li Lan Bang, Esq. P.-K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Fo, ag. Chan Ching Shok, Eaq, Fang Ping Wah Esq

Kan Tang Po, Esq., Chief Manager. Li Tse Fong, Esq., Hanager.

Branches and Agencies :--

Kowloon Рипаля Bingapora Bettraby's Baigua wx.com Melbourne Bax Fran- Sydney Nagaraka

oo isteiz New York Battle Vanco

Landon Rangoon

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

Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or aborter periods in Local and Föreign Cur rencies on

terms which will be quoted an application.

BAPE DEPOSIT BOXES To Larv

KAN TONG PO,

Chief Manager

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS 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 Ofice:-SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Officer:

CANTON SWATOW SHIUCHOW

KONGMOON TOISHAN KINGCHOW

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

1939-12-20 — Page 10

Comments

Private Research Note