1940-01-17 — Page 10

Adams Express ................

Alleghany Steel Ca.

Allied Stores

Allis Ensimetron pronenes som NS

Aluminium Ltd

Amer. Cai

52.1/9

(FROM PAYNE & CO.)

American Cyanamid B

On Japan:-

. On demand

On India:-

and demand

103 3/4

SINGAPORE RUBBER

Telegraphic Transfer.

On New York:-

Bank B, on demand 24 1/2

Credits, 80 days" sight 25 1/8

89 1/8

3 POT

APRIL-JUNE

JULY-SEPT.

35

New York. January 15.

Previous January 15 Closing Opening Closing Change Amer. Locomotive it... 191 Buyers Buyers 37-7/8-

37-3/4 37-5/8 36-1/4 36-1/8 36-1/8 35-178 35

Amer. & Foreign Power ...

Ameri & Foreign #7 pt.... american Gas & Elec

Amer. Metals Co

off 1/4 Amer. Radiator .............. off 1/8 | Amer, Rolling Hil

off 1/8 Amer. S'ting and Ring Co.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JANUARY 16 1940.

On London:-

.1

Telegraphic Transfer. 2 1316) Bank Bilk, on demand/2 13/18 Credits 4 months' sight 1,35,39

On Shanghai:-

* On demand

On Singapore:→→

On demand

295

.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

NEW YORK STOCK EXCHANGE.

STOCKS

QUOTATION

(REUTER'S SERVICE)

JAN. 16, 1940 STOCKS

Last Rale

Jan. 15

Ikey Foundry & Mac. 4. Libbey-Owens-Ford Glass

WEDNESDAY, JANUARY 17, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

W

INDIA, AUSTRALIA

AND CHINA ·

Authorised Capital $50,000,000 | Incorporated by Royal Charter, 1885 Issued & Fully Paid-Up 690,000,000| Reserve Funds:

Paid-Up Capital Sterling ........... ........£6,500,000 Reserve Fund E.E. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

prietors

38, Bishopsgate R.C.S.

Sup-Agencies In London:

117, 12, Leadenhall Street, E.Qa West End Branch:

14/18, Cockspur Street, S.W.i. Manchester Branch:

49, Mosley Street, Manchester, 4. AGENCIES AND" BEANCHES:

11

HARBIN FONG TONG LANGOON

BATION

ILOILO

...£3,000,000

Last. Bale

£3,000,000

Jan. 15

8

£3,000,00

"'

184

481

Proprietors....

$90,000,000

HEAD OFFICE: LONDON:

81

37

Lockheed Aircraft .........

281

Loew's Inc,

34

Head Office:-HONG KONG

99

Mack Truck Inc.

25

T

1134

Martin, Gleu L

367

32

McKesson & Robbins, pid

17

Monsanto Chemical

104

24

Montgomery Ward

51

37

National Aviation

111

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

Chairman. H. V. Wilkinson, Esq.,

Deputy Chairman.

at. Dairy Products

162

23

¡Nat. Distillers

23

J. E. Bousfeld, Esq., A. H. Compton, Esq.,

9.

National Gypsum

101

Hon. Mr. B. H. Dodwell,

ALOE STAR AMRITSAR

PENANG

151

D. F. Landale, Baq..

National Lead"

197

471

G. Miskin, Esq.,

Nat Power & Light

81"

K. S. Morrison, Esq..

HOLI"

Un Batavia:~*

On demand

On Paris:

45 1/2

The market was slightly steadier,

LONDON RUBBER

Amer. Sugar Refining

19.

National Steel Corp.

08

Hoo: Mr. T. E. Pearce,

Amer. Tel & Tel

1881

Nat Supply Corpn.

81

C. C. Roberts, Esq.,

Previous close Today's close

Amer. Tobacco "***"*"

871

******

New York Central.....

161

Bank Bills, on demand 1085 Credits 4 months' sight 1140

buyer

buyer

Change

Amer. Waterworks ...............

111

Niagara Hudson Power

53

Sir Vandeleur M. Grayburn,..

Chief Manager.

9 POT

11-3/4

11-11/16

On Salzon ---

On demand

....108 1/4

APRIL-JUNE JULY-SEFT.

Du Manila:—

On demand ......................... 49

On Bangkok-

On demand

Bank Buying Rate...

Suver

"

than yesterday.

V

Sterling

NEW YORK

The

marketi

Chicago Wheat, May Chicago Com. May New York. Hides, Mar.

NEW YORK COTTON

Close

10.99/99

March

10.92/93

at

May

10.85/66

market

Jaly ...

10.25/25

at

July (New contract)

10.45 N

||

October. December

..... 9.66/67

9.58/58

Spot

11.15 N

..!

March

May July

the

September ... December

18.00b

41

May July

September

951/951

Saturday's sales:-21,200,000 bushels.

CHICAGO CORN

May

577/677

ers at 304.

September

581/581

SHANGHAT MARKET

Sterling Notes:---

150 1/4

1/37/8

Bar Sliver per 021 3/4

Market Report

yes: the

After ruling edster, the market became steady on covering.

NEW YORK COTION: Heavy selling for the past few days has improved the market technically. When a broader demand develop ed, prices advance quite easily as they were today and we feel that they will go still higher, when the scarcity of contracts becomes more apparent. We believe that advantage should be taken to buy on recessions.

"

NEW YORK RUBBER: Rubber consumption for December was 48,428 tons, compared with 54,322 tons for the month of November, while stocks were 138.017 tons and rubber afloat totalled $1,095 tons The poor December consumption figures are likely to cause temporary

January both weakness. What prospects of a brightening

consumption and the unfavourable European developments, we would build up positions on declines.

Atchison, T. & 8. Fe. Auburn Motors Baltimore & Oblo Sarber Asphalt co Barnsdall Ou Bendix Aviation Bethlehem Steel Bilas & Co Boeing Alplane Co. Borg-Warner

Biggs Macturing .................. Brooklyn-Mhattan Trank Canadian Pacific R*way. ... | Brooklyn-Manhattan #

|Case J. I. Celdriese Chesapeake & Ohio ..... Chrysler Corpn

FRON ROZA BROS.

Silver prices dropped 5/8 terday for both deliveries, quotations being 21.3/4 for Ready and Forward,

ad- vices reported: Iridia AS haring bought to a small extent, Support CHICAGO WHEAT: The market responded to a renewal of buy-Climax-Molybdenum Co. nas poor. The market was steadying on the belle of an imminence of "a protracted war and the American Silver was quoted at strength of the mill markets. Realizing was well absorbed. Wea- 34.3/4 for Spot.

ther conditions in the South-West continued unfavourable.

NEW YORK STOCKS: Previous close, 145.19; Today's close.

The London-New York cross-rate was quoted at 4021/2. New York-144.65: "Change, off 54, London was quoted at 397.5/8.

Market

Quietly steady but a lower level

Some business was reported al

1/2.15/16 for near,

closed at 1 pm, with sellers at

COMMODITY MARKET

(REUTER'S SERVICE)

1/220/32 January/February, poNew York Cotton, Mar........... 11.09 10.93 10.92 11.08 .18 sibly March, buyers at 1/2.15/16 New York Rubber, Mar.

19.08 18.87 19.01 18.87 .14 Cash and 1/2.29/32 April.

3004 981 981 1001 2

583 573 573 581 14.73 14.50 11.52 14.73

E.S. DollarS There were Sellers

at 24.11/18 Cash, possibly January, and 24.9/

18 February. buyers at 24.3/4

Cash and 24.11/18 February,

Shanghai Dollars

Some business was reported 308.3/4

and 306, The

closed at 1 pm. with sellers

305, buyers at 30.1/4.

Shanghai Market

At the opening sellers for Spot for Sterling were quoted at 4.53/

64 and US Dollars at 8, Towards.. the close the market was a shade steadier with sellers at 4.55/64 and 8.1/16.

Afternoon Market

dull in The market was afternoon.

Sterling The market closed with sellers at 12.29/32

January

Volume (in contract of 100 bales.cach) 53,300 bales NOTE:-January cotton, last notice day: 17.1.40.

NEW YORK RUBBER

Total sales for the day:-1,580 tons.

January/February. CHICAGO WHEAT -- possibly March, buyers at 1/2.15/ 16 Cash and 1/2.29/32 April.

U.S. Dollars There were sellers at 24.11/1 January and 24.9/16 February, buyers at 24.3/4 Cash and 24.11/ 16 February.

Shanghai Dollars

Sellers a 303 and probable buy-July

Was a shade steadier with sell WINNIPEG WHEAT

Colts Patent Fire-ArmA ... Columbia Gas & El............ Columbia 5% "A" pf...... Commercial Credit Co. Com. & Southern (ord) Consolidated Edison

up Du Pont de Nemours... 3 up Eagle Picher Lead 21 up Eaton Mfg. Co. Elec. Autolite.

11-11/16

11-11/16

of 1/18

unch.

Anaconda Copper.

23

N. American Aviation

231

221

11-9/16

11-9/16

2

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

221

Branches:

MADRAS

BANGKOK

BATAVIA

BOMBAY CALOUTTA

KARACHI

KLANG V AGENCIES: KOBR

CLITE STRRIT KUALA

FaisLX PLACE CANTON

CAWNPORR CESC

SHANGPAI

BEREMBAN

H

Northern Factic

5

Amoy

Ipob

Owens-Illinois Glass Co.

→ 60

14

Bangkok

Johore

Penang- Rangoon

| GOLOMBO

DELHI

MANILA

MAPAN

SINGAPORE BITIAWAN

SQURABAYA

LUMPUR SUCKING

TALFING

TIENTRIN

TONGKAH

MINGTAO

(-Bhuket)

Pacific Gas & Elec.

32

Batavia

121

Pacific Lighting

487

Bombay

Kobe Kowloon

Saigon

San

274

Packard MoLOTE

3

Calcutta

Kuala

Francisco HANKOW

734

Paramount Pictures

Canton

Lumpur

Shanghai,

13 *

Pennsylvania E.R

211

Chefoo

London

Singapore

*221

Phelps-Dodge

36

Colombo

Lyons

Sourabaya

231

Dairen

Malacca

Sungei

Phillips Petroleum

39

201

Foochow Manila

Pittsburg Coke & Tron

141

ཀརཱུ*

Public Service of N.J.

404

48**

Pullman DC.

*

5

Pure Of...*.*.

83

Radio Corpm, of Am..

62

27

Reading Company, Com

147

391

Reading Company, lst.pid

26+

,

821

Remington Arms Co., Inc.

38

Republic Aviation Corp. ...

54

781

Republic 8tee:

197

6

Revere Cop & Brass Inc.

124

89-Reynold Tobic: ***

401

474

Richfeld Ou

72

1t

Sat way Stores

411

30

Schenley Diitulers

13

Consolidated Oil

Continental Can

71

Sears Roebuck

811

424

Shell Union Oil

114

Continental «Oil

Com Products

231

Bocony-Vacuuru C11.

113

Copperwald Bbeel

152

Southern Pacife

13

63

Southern Rly $5 ptd.

291

*

Figh Low

Prev. To-day's

Close Close Change

Curtiss Wright (C)

91

Sperry

* NEATRA

43

Curtiss Wright: "A" Deere & Co.

281

201

Spicer Manufacturing Co.

291*

Standart Brands....

7

up Distillers Corpn. Seagrame

181

Stand Gas & Elec.....

» 24*

off Douglas Aircraft ......

763

¡Standard Oll of California

2.5

178

(Standard Oll of N.J.

434

103

Stone & Webster

11

28

Studebaker Com,

91

351

Opening Closing 11.01b/05a 11.02" N

Change

Swift International

307

Elec. Bond & Share

-73

Technicolor

13

.03 up Elec. Bond & Share $5 pl.

Texas Corps.

431

10.93/93

11.08/09

16 up Elec. Bond & Share $8 pf.

661

BANK OF EAST ASIA,

fexes Gulf Sulphur

33

10.67/67

10,83/83

18 up Mec, Power & Light sĩ pt.

334

LIMITED

Trans-America Co.

58

10.29/28

10.44/44

19 up Rubber

144

20th Cent. Fox

117

10.51/51

10.84 N

.10

up Flintkote

184

[20th Cent. Fox. $14 på.

0.69/69

9.85/85

.19

UP Gen. "American Trans. .........

513

Union Carbide & Carbon

5,308,800.00

82

9.82/62

9.79/79

21

up Gen, Electric

381

Reserve and Undivided

Union Pacific ......

93

11.31 N.

16

Up Gen Motors ....

513.

Profits

2,853,232.01

United Aircraft.

441

Patani

Haiphong Muar Swatow Hamburg (Johore) Tientsin Bankow Mukden "Tokyo

Harbin New York

Iloilo

Tsingtao

NEW YORK PRIPING"

(Peking)

FOREIGN EXCHändi and General . Banking Business transacted.

CURRENT ACcours, opened and FIXED DEPOSIzs received for One shorter perioda in Local or Other Currencies at rates which will be quoted on application.

Yokohama Peiping

|

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 DEPOST

The Bank's Head Offee in London received for one year or shorter periods in Local and other Cur undertakes Executor and. Trastes rencies on terms which will be business, and claims recovery of quoted on application..

British Income Tax overpaid, on

ALSO up to date BATE DEPOSIT terms which may be ascertained "at Boxes in various sizes To LET

any of the Agencies and Branches. Hong Kong, 11th January, 1840

RA, CAMIDGE,

Manager.

HONGKONG SAVINGS

BANK

The Business of the above Bank]

THE CHASE BANK

is conducted by the HONGKONG! 18, QUEEN'S ROAD, CENTRAL

SHANGHAI BANKING COB)

PORATION. Rules may be obtain

ed on application.

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

1. Chief Manager. Hong Kong, 9th Feb., 1939,

Authorised Capital......$10,000,000,00 Paid-Up Capital

18, PINE STREET,

NEW YORK.

An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world

Interest Rates ou Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHABE NATIONAL BANE, New York, with Resources of ore 17.8.$4,000,000,000,

D. M. BIGGAR,

Second Fice Pres

HAIPHONG

TOKOHAMA

HAMBURO

"

HEAD OFFICE:

JJ

Gen. Railway Signal

Gen, Tire & Rubber

Glidden Co.....

18.35/38

19.01/01 18.98/97

14 of 18.67/98 18.60/60 18.51/52 18.57/57 .03 of 18.29/33

02 up 18.31b/35a 18.00b

18.10/10 .10

,10 up

Goodrich (B.F.) Goodrich 15 pf...se

Goodyear Tire & Co. ......... Great Northern Iron Ore ...

Great Northern Rly, pid.

קט

18.10 N

Great Western Bugar du

Greyhound Corpn. "

Hercules Powder Co.

Homestake Mining -...

International Harvesta

981/981 981/982 061/001

081/007

1001/1001

98/981 $71/971

2

upt. Nickel

11 up int. Tel. & Tel

21 up Johns-Manville

J. & Laughlin Steel şi pia. Rennecott Copper ...

571/571 573/572

581/581

581/581 591/591

Up

ម.ម ៩.

1038

35.90 14.14 30 Raile

ers of Sterling for Spot at 47/8 and U.S. Dollars at 8.160

May

86/8€

881/86)

July

632A

September

88/88

87+3 877/88 19+B

11 up

27.70 20.70 20 Utilimes

22.23 84.51 40 Bonds

11 up

Shanghai Exchange

NEW YORK RIDES

Shanghal, Jah, 16 (Reuter),

March

14.52/52

Official T.T. Ratex

June

15.75/75

London

0/4-1/2

New York, Official

unquoted

14.51/60 14.73/73 14.85/85 14.95/95

34-3/4

21 up

20 up

New York

7-3/8

|NY-London Cross Rate 3.87-1/8 ...

3.97-5/8

Japan

31-174

India

Parts

24-7/8 3.30

30-1/8

Sellers

Hongkong

Opening Closing 0/4-53/84 0/4-57/64 0/4-53/84 0/4-7/8

0/4-25/32 0/4-53/64

LONDON METALS

EXCHANGE

London, Jan. 15 (Reuter).

Spot

Jan.

Feb.

D.B. Dollars

*:

Spot

$8

$8-3/32

sellers £

Jan.

Feb.

8 7-7/8

8-1/16 7-15/16

Standard, cash 242-3/4 243 Standard.

Market: Quiet but steady.

Merchant Rates

Sterling, 0/4-13/18.

US. Dollars, #7-15/16.

"Silver Duty Rats

The Central Bank of China's

rate on London at

today was 1/2-1/2d.

10

The Equalisation rate was 14-3/4

Det cent

New York Exchange

New York, Jan, is (Reuter),

|

VT, on Landon.(Oběding Rate).

TEN

Duyers

#

monttu 241-3/4" 242-1/4

Standard.

Set'ment Price 242-3/4 Straits

...... 28x

LONDON GOLD

London Jan. 15 (Reuter). Bar Gold, Flat per oz., 188/-.

Calcutia Biéhange

Calcutta, Jan, 15 (Reuter)

TT on Japan, 79-7/8

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

Board of Directors:

Sir Shopson Chow, Chalemani Lí Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Bag, Trang Cho Bor, Dig Wong Ina Tong, Esq. Kan Ying Fo, Bag. Chan Ching Sidk, Eiq, Fang Ping Wah Bág

Bán Toan Pop Big, Chiết Miraque.

Li The Fong, Esq., Manager. -

Branches and. Aganoias :—

Loudou

Kerloon Poung Bingapore Bangcon Sonradars

Batow Saigon Melbourne Man Fran. Sydney

cios Zentan Seattle

Semarang. Shanghai

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

Current Accounts opened in Loca|| Currency and Fixed Deposita re 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 Ist.

KAN TONG PO

Chilf Manager

.

INDO-CHINA

BANK OF CHINA

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

BANK

PAID-UP CAPITAL 840,000,000.00 (BRANORES ALL OVER ÜHIBA) Owing to our Bümeraní Branches in China and, confections in the principal Commérèïä! Centres of the World, we are able to extend *o our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office-SHANGHAI Hong Kong Branch:

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

CANTON

SWATOW BHUCHOW

KONGMOON TOISHAN

KINGCHOW

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

SHOU J. CHEN,

Manager.

SILVER MARKET STEAM NAVIGATION COMPANY LTD THE MERCANTILE BANK

LONDON SILVER

London, Jan. 15 (Router).

Bulver-Little general selling Support poor. India small buyer] at the decline. Market steady. In the afternoon, the market was steady, with small buyers at the rate but nothing was offered

Spot, 21-3/44. Forward, 21-3/4

NEW YORK SILVER.

New York, Jan, 15 (Reuter Silver, Oficial, 34-3/4"

BOMBAY SILVER Bombay, Jan, 15 (Reuter). Market.-Quiet but stead?, OE- take 25 bars N

Ready

Indian Mint Sliver

Feb. 3 Bettlement Mar. 4 Bettlement

#1-01 #1-04 61-0A

Operating Services for Cargo and Fassengers

to

SWATOW, SHANGHAL, TSINGTAU, CHEFƉO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN

HAIPHONG

All steamers börth alongside the Roosevelt Terminal in the French Concession at Shanghai Where panengers and cargo are landed.

For further particular

blesse apply to

JARDINE MATHESON&Co.,Lro TELEPHONE ZOZIERE ER EMANAGERS

OF INDIA, LIMITED

Hand Offcol-8, Gracechurch Street, London, ECA

Authorised Captial

Subscribed, Capital

Paid-up Capital

Serve Yund and Best,

BANKERS:

• 23.000,003

21,800,000 £1,060,000

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Bangkok

Ipob

Bembey

Jados

Cheatis

Kuantan

Colomber

Kandy

Kanchi.

Kota Bharu

Hongkong

Kuala Lipis

Delki

Gaile

Howub:

Xcala Trengga*

Hadran

New York

Priang

Rangoon Bhanghai

IMs Lumpur Singapore

HONG KONG BRANCH: Every descriptio of Beaking and :: Exchang business transseted,

Travellara Obeques lamed,

TRUSTEE AND EXECUTORSHIP MASAUNDERTAKEN SA

CURRENT LOGO UNTA, opened in Idol, Cari Pasay und, FILED DEPOSITS Packtead, in Loosd Owrinay, #WEEZING & U. 8, DOLMARI où ferias. that may be scortalnað ón application, "met D. BENBON.

*161*

United Airlines Trans.

15

209

United Corpn.

171

United Corpo. 33 cum. pl.

381

179

United Gar Corpn.

17

83

United Gas Improvement

144

24

US. Industrual Alcohol.

22

1841

U.S. Rubber

364

237

UB. Rubber $8 píd.

109

28

U.S. Steel

59

151

Vanadium

30

87

Walworth Co.

52

55

Warner Bros. Pict.

31

80

Westinghouse Elec.

106

Lettry

363

| Woodward Iron Cor........

224

4.

Chase National Bank

71

National City Bank

$6

Batavia

isombay C3outin

Manila

Haipboas

Haskow Honolul

New York

Pizde

Kobe

Pulping

*_-bid.

1-ex div

DOW JONES AVERAČE.

High Low Dow Jones Averages; Jan. 13, High Low "Clone Changa 156,93 11141 30 föddstrials

Jan 16, 1940

145.19

30:60 35.21 89.86

145.80 14%.06 14465 11.56 30.08 30.33 $5.25 9483 · 26.03

€

85.87 1550 11 · Comisocity Index 80,55

.64 GR 27 off .18 off 21.58 .38 off 81,19 .84

84 up

Business Done:—900,000 abares