1940-01-19 — Page 10

..... 200

་་

On demand

#2 1/9

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

JANUARY 18, 1940.

On London:-

Telegraphic Transfer.

||

13:10

Bank Bills, on demand/2 13/16 Credits 4 months' sight 1,3 5/32

Un Shanghai:--.

On demand

On Singapore:---

PAYNE & CO.

COMMODITY BROKERŚ STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO)

NEW YORK STOCK EXCHANGE

STOCKS

Adama Express

|Alleghany Steel On.

Allied Stores

QUOTATION

(BEUTER'S SERVICE)

Last Bale

Jan, 17

B1

· 191.

81

JAN. 18, 1940 STOCKS

*Last fale Jan, 17 Ikay Foundry & Mac.. 4' Libbey-Owens-Ford Glass 481 Lockheed "Aircraft ...............

Reserve Funda:

Sterling

Proprietors

$20,000,000

FRIDAY, JANUARY 19, "1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

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

INDIA, AUSTRALIA

· AND CHINA *

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1383

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

£3,000,000

£3,000,000

£3,000,00

HEAD OFFICE: LONDON:

E. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

prietors

291

Allis Chalmera .....

361

Loew's Inc.

Head Office:-HONG KONG

341

Aluminium Ltd

102

Mack Truck Inc.

25

Amer. Can we

114)

Martin, Glen L

37

American Cyanamid B..

931

McKesson & Robbins, pid

161"

On Japan:

On demand

03 1/4

SINGAPORE RUBBER

On India-

Telegraphic Transfer,

82 1/8

and demand

On New York:-

SPOT APRIL-JUNE

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

JULY-SEPT.

Un Batavia:—

On demand

On Paris:-

40...1/4

The market was very steady. LONDON RUBBER

New York, January 17. Previous January 17 Closing Opening Closing Change American Oas & Elec..... Buyers

Amer. Locomotive .................................... Buyers 38-1/8 33 cts. 38-1/4 up 1/8 Arner, Metals Co, 36-1/2 36-3/8 38-5/8 up 1/8 Amer. Radistor 35-3/8 35-1/4 35-3/8 up 1/8 Amer. Rolling Mill..........

Amer. S'ting and R'ing Co.

Amer. & Foreign Power...

Monsanto Chemical

1041*

Ameri & Foreign #7 pl....

25

Montgomery Ward

511

361

National Aviation

12

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

H. V. Wilkinson, Esq.,

Deputy Chairman,

197

Hat. Dairy Products

16)

221-

*་་་་་ --ཋཱ་

Nat. Distillers ...

2311

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

Hon. Mr. S. H. Dodwell,

91

National Gypsum

11

D. F. Landale, Esq.,

151

National Lead

20

G. Miskin, Esq.,

47+

Nat Power & Light

81

3. S. Morrison, Esq.,

Amer, Bugar Refining.

181-

Previous close Today's close

National Steel Corp.

671

Hon. Mr. T. E. Pearce,

S.P OT

APRIL-JUNE

JULY-SEPT..

Di Manila:-

...... 108 14

48 3/4

NEW

at 34.3/4

4

Quiet,

Market

Sterling

'Bank Bills, on demand | 85 Credits 4 months' sight 1140

On Saigon -

On demand

On demand

Ca Bangkok-

On demand

Sterling Notes:-

After ruling easier on hedge-selling and poor support, the mar- ket closed steady,

Baltimore & Ohlo NEW YORK COTTON: The market was easier on early

Barber Asphalt Co foreign selling and local liquidation, but later buying broadened. Barnsdall Oft 150 1/4 especially on report of encouraging cotton goods sales. The under-

tone is good but Washington news is indefinite,

Bank Buying Rate... 1/3 3/4 Bar Silver per . 38 3/8.

Market Report

FROM ROZA BEOS,

Bendix - Aviation Bethlehem Steel NEW YORK RUBBER: There has been some scattered factory Bliss & Co. interest and a scarcity of shipment offerings, further talk of an Boeing Airplane Co. unchanged quota for the second quarter and the possibility of Borg-Warner some improvement in consumption figures during January, are all Biggs M*facturing stimulating factors,

Brooklyn-M'hattan CHICAGO WHEAT: Cold weather, possible crop damage as a Brooklyn-Manhattan $8 result of the recent heavy snow fall, good export demand of Cana-Canadian Pacific Rway. ... dian wheat and unfavourable foreign crop" adrices, aided

good Case J. L

Celanese 1444 re-rally, but outside interest and foreign export demand which are ported India as having bought to necessary to maintain the advances are still absent.

Chesapeake & Ohlo a small extent. The market was

Chrysler Corpn. steady and closed with seller a

Silver prices rose 7/18 yester- day for both deliveries, the quo- tations being 22.5/8 for both Ready and Forward. Silver advices

YORK STOCKS: Previous close, 145.67; Today's close,

1/16 under the quoted rate. Ameri- 145.81: Change, up 14.

can Silver was quoted

for Spot.

The London-New York cross-rate | was quoted at 402.1/2. New York- London was quoted at 395.3/8.

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

Prev. To-day's

buyer

buyer

11-3/4

.11-3/4

11-11/16 11-9/16

11-5/8

"

11-1/2

Change

| Amer, Tel, à Tel.

170)

Nat. Supply Corpo

81

C. C. Roberts, Esq.,

די

unch.

Amer. Tobacco *****

****

881

New York Central ......

161

off 1/18

Amer. Waterworks

107

Niagara Hudson Fower

Sir Vandeleur M. Grayburn,

Chief Manager.

off 1/16

Anaconda Copper

273

N. American Aviation,

241

Atchison, T. & S. Fe.

221

North American Co.

Auburn Motors

*

Northern Faclac .......

Amay

Branches: Ipob

Chairman.

38, Bishopsgate E.C.2

Sub-Agencies In London:

117/192, Leadenhall Street, E.C.a West End 'Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch: .52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

HARBIN TỔNG TỔNG ILOILO IPOX TARIQET KLANG

Ко KUALA

ALOB STAR AMRITSAR BANGKOK

BATAVIA BOMBAY QALOUTTA

AGENCIES: CLAR STREET Fark FLAÇE CANTON CAWKPORE

LUMFUX

PENANG

BANGOON

SAIGON

ABREMBAN

SHANGHAI

SINGAPORE

BATIAWAN

SOU BABAYA

TAIPING

KUCHING

TIENTSIN

54

Owens-Illinois Glass Co.

621

Bangkok

Johore

Penang Rangoon

CKBU COLOMBO DILHI

MADRAX

TONOKAR

MANILA

(Bhuket)

MIDAN

TINGTAO

14

Paciic Gas & Elec.

12

Pacific Lighting

Batavia Bombay

Kobe

Saigon

HAIPHONG NEW YORK

TOTOHAMA

Kowloon

San

28

Caloutta

Kuala

Francisco

731

121

Packard Motors

Pennsylvania. R.R

Canton

Lumpur

Shanghai

Paramount Pictures

Chefoo

London

Singapore

Colombo

Lyons.

Sourabaya

241

Phelps-Dodge .......

Dairen Malacca

Sungei

234

Phillips Petroleum

.391

Foochow Manila

Patani

201

Pittsburg Coke & Iron

71*

Trana.

(14)

Public Service of NJ.

401

50

Bankow Mukden

Pullman Inc.

281

51

Pure Oll

70

| Radio Corpn. of am,

5)

271

Reading Company, Com

151

401

Reading Company, Ist pfd

26*

83

Remington Arma Co. Inc.

41*

Climax-Molybdenum Co. Colts Patent Fire-Aris Columbia Gas & EM,

371

Republic Aviation Corp. ...

아

80

•

Republic Steel

20

61

Revére Cop. & Brass Inc.

12}

Columbia 6% "A" pf.

91

Reynold Tobac. "8"

411

| Commercial Credit, Co.

461

Richfeld Ou

71

Com, & Southern (ord) ..

11

Safeway Stores

481

Consolidated Edison

311

Schenley Distillers

12

Consolidated Of

71

Sears Roebuck

831

New York Cotton, Mar,

Cash ond 1/2.29/32 Apr.

US. Dollara

There were sellers at 1/2.29/32 New York Rubber, Mar. January/February

1/27/B Chicago Whest, May and

March/April, buyers a 1/2.15/16 | Chicago Corn. May

Bellers at 24.9/16 January 247/16 February, buyers at 24.5/8

and

New York. Hides, Mar. NEW YORK COTTON January.. March

Close

Opening

Closing

High Low Close "Close Change 11.04 10.94 11.02 11.03 01 up 19.12 18.91

18.91 19.12 21 up Copperweld Steel 1014 99. 991 101 17 up

58+ 57.1 58

581 14.61 14.38 14.59 14.40 .19.

Change

Continental Can Continental Of

421

Shell Union Off

111

23

Socony-Vacuura Oll

111

• 151

Southern Pacifc

131

Corn Producta

63

Southern Rly $5 pfd:.....

up Curtiss Wright (C.) off Curtiss Wright "A"

91

Sperry

29

Spicer Manufacturing Co.

201

Deere & Co.

201

Standard Brands

10.96/97

• 10.87/87

deleted

Distillers Corpa. Seagrams

191

Stand Gas & Elec, .....

11.02/03

10.94/94

11.03/03

.01

up

Douglas Aircraft

78

Standard OU of California

25

Cash and 24.3 16 February.

Shanghai Dollars

May July

10.80/80

10,70/71

10.78/78

.02

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

181

Standard Of of NJ.

44

10.43/43

10.33/34

10.40/41:

.03

off Eagle Picher Lead

101*

Stone & Webster

111

Sellers at 304, buyers at 305.

8.

At the close at noon the rate

March

May

July

September

December

Shanghai Market

Sellers for Sterling at the open-

ing were quoted at 4.7/8 and U.S. Spot

Dollars

at 8.1/32. Subsequently

the rate receded to 4.55/64 and

Volume (in contract of 100 bales each) 108.500 bales

NOTE:-January cotton, last notice day: 17.1.40.

for Sterling was. 4.7/8 and US NEW YORK RUBBER"

"Dollars at 8.1/32 sellers for Spot.

Afternoon Market

The market was quie in the afternoon.

Sterling

The market closed with sellers

July(New contract) October December (

10.63 N

10.53/54

10.80 N

.03

off Eaton Mfg. Co

291

Studebaker.Com.

Di

9.81/83

9.74/74

9.83/83

.02 up

Elec. Autolite

351

Swift International

301

M

}

9.75/75

9.67/67

9.75 N

unch.

lec. Bond & Share ..................

73

Technicolor

14

11.25 N

11.30 N

.05 up

Eles. Bond & Share $5 pt.

58

¡Texas Corpn.

451

Elec. Bond & Share $6 pí.

66)

Texes 'Gulf Bulphur

331

Elec. Power & Light # pf;

331

Trans-America Co.

51

Fik Rubber

14/

20th Cent. Fox...

111

18.10b/15a

Total sales for the CHICAGO WHEAT

18.10b/153 day:-1,190 tons..

18,91b

18.91b/1901a 19.12712

18.71/71 18.65b/70a 18.85/65 18.45/45 18.45/45 18.53b/80a

18.30/30 18.20/20

Fntkote

18

21

20th Cent. Fox $1 p.

241*

Paid-Up Capital -------

5,506,600.00

Gen. American Tranz.

52

Heserve and Undivided

.06 up .10 up

Union Carbide & Carbon

821,

Gen. Mectric

381

Urion Pacifc

931

Gen. Motors

521

.20 up

United Aircraft,

451

.10 up Gen. Railway Signal

18**

United Airlines Trans

141.

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

Gen, Tire & Rubber

201

United Corpa.

21

Glidden Co.

17}

United Corpn. $3 cum p. 331

at 1/2 29/32 January/March and

1/2 1/2.778 April, May. buyers a 31/32 Cash 1/2.15/16 February and 1/2.29/32 April.

US. Dollars

May July

991/991

961/97

994/99 964/96!

101/1014

11: up

Goodrich (B.F.)

18

United Gas Corpn.

13

Goodrich $5 pt.

83}

September

981/96/

987/981 971/977

It 11

קנ

United Gas Improvement

14

up Goodyear Tire & Co.

221

U.S.. Industrual Alcohol

22)*

There were sellers at 24.9/16 Jan- uary and 24.1/2 February, buyers

'Tuesday's sales:-24.096,000 bushels. CHICAGO CORN

Great Northern Iron Ore

161*

U.S. Rubber ......

371

H

Great Northern Rly, pid.

231

U.S. Rubber 38 pid.

1101

May

58/58

577/58

July

581/581

at 24.11/16 Cash, and 24.5/8 Arst

September

582/583

581/581 581/581 59/59

קטן

Great Western Bugar

23

D.S. Steel

59

.

up Greyhound Corpn.

16}

| Vanadium

30

Hercules Powder Co.

801".

up

Walworth Co. „

51

half February.

306.

SHANGHAI MARKET

Sterling last rare indicated sell

ers for Spot at 4.27/32.

Shanghai Exchange

Shanghai, Jan. 18 (Reuter›.

Ocial T.T. Rates

Homestake Mining

551

WINNIPEG WHEAT

Warner Bros. Pict.

Andy

Karvidom Panase

Shanghai Dollars

May

888/867

861/864

87/67

up International Harvester

60/

Westinghouse Elec.

108

Loudon

Bonbay

Manila

Blagspora Bangoon

Bourabaya Balgon Swałow

July

871/873

September

88a

872/877 887/80

up Int. Nickel

381

Woodward Iron Cor

321

apnt. Tel & Tel...'...

Johns-Manville

41

713

NEW YORK ODES

March

June

New York, Official

NY-London Cross Rate 3.96-5/8

14.61/60 14.59/59

14.40/40 14.84/BS 14.85/85 14.65/68 34-3/4

34-3/4 3.95-3/8

London,

New York

Japan

India

Parla Hongkong

Spot

Jat..

"Feb.

Spot

Jan.,

Feb.

0/4-1/2

7-3/8

31-1/4

24-7/8 3.30 30-1/8

Sellers

Opening Closing 0/4-7/8 0/4-27/32 0:4-7/8 0/4-53/84 0/4-53/64 0/4-25/32 U.S. Dollars

38-1/32 $1-31/32

8-1/32

7-15/16 7-29/32 7-13/16

Market:-Quiet.

Merchant Rates

Sterling, 0/4-13/18.

UB. Dollars, $7-7/8.

LONDON STOCK EXCHANGE

(REUTER'S SERVICE) London, Jan. 17.

The following quotations are the middle prices at the close of the market in London. All quotations

are subject to confirmation and no responsibility is assumed for errors in transmission.

Tientsin-Pukow Rly. 5%

(German Stpd.)

10 Tientsin-Pukow Rly. 5% (Brit. Btpd. Supl Loan) Tientsin-Fukow Rly. 5%

19. of J. & Laughlin Steel $7.pfd. 19 of Rennecott Copper

1939

-bid I-ex, div. DOW JONES AVERAGE

High Low-Dow Jonm Average, 155.92 12141 30 Industrials

saj

Chase National Bank National City Bank

BADW

Pelping

Shangha

A

34

38.90 24.14

10 Raile

27.70 20.70

YO Utilibes

.32 22 65 67

BLS) 45,59

40 Bonds

Jan. 18, 1940. Jan. 16, High Low Close 145.67 146.71 145.30 145.81

30 33

25.20 89 65

Change

14 up

31.58 30.30 30.41 26 25 25.03 25.14

.08 up

.08 of

80.85.

.07 up

11 Commodity Index 60.1

€1.00

.58 up

Business Done :-470,000 shares

Haiphong Muar Swatow

Hamburg (Johore) Tientsin

Tokyo Harbin New York Taingtao Iloilo Peiping Yokohama

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter

rencies on terms which will be quoted on application.

HAMBURG *PEIFING HANKOW

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT Accounts opened and FIXED DEPONITS received for One" Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.

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

The Bank's Head Office in London

periods in Local and other Car- undertakes Executor and Trustee business, and claims recovery of British Income Tax, overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A CAMIDGE,

Manager.

ALBU up to date SA DEPOSIT Box in various sizes To Lar Hong Kong, 11th January, 1940

HONGKONG SAVINGS

BANK

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

For the Hoxgrong & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 4th Feb., 1939.

BANK OF EAST ASIA, LIMITED

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

Profits ...... 2,583,232.01

Board of Directors:

Sir Shouson Chow, Chairman

Li Koon Chan, Eig, Li Lan Sang; Eaq. P. K. Kwok.Esq. Wong Chu Sen, Esq.

Wong Yun Tong, Esq. Kan Ying Po, Rag,"

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREKT,

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

world.

Interest Rates on Application.

J

SAFE DEPOSIT BOXES

This Bank is satirely owned by Txx CHABE NATIONAL BANE, NEW YORK, with Resources of over U.8. $4,900,000,000.

D. M. BIGGAR,

Second Fios Pros:

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL' EXCHANGE

BANK

CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA)

Chan Ching Shor, E44, Fong Ping Wah EPAID-UP

Kan Tong Po, Esq., Chief Manager.

LI Tae Fong, Esq., Manager.

Bronchan and Agencies :-

Calenta Malbourne Sad Fran- Sydney Esiphong Xageiks

disco Tenn New York Bustsin VASIOSTAT Liomalala Pari Semarang Kabe

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

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

SAFE Deposit Boxes To Im.

KÁN TONG PO,

Chief Manager.

un

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 Offer: SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Offices: CANTON SHIUCHOW. SWATOW

KONGMOON TOISHAN

KINGCHOW

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

SHOU J. CHEN,

Manager.

16

#

€

Var Loan

after 1952) · 099

34% (Red

(Cher, Btpd Supl. Loan) 18 Jap. 5% Ster. Loan. 1901 55 Jap. 6% Ster. Loan, 1924 - 571 Ger. 7% Intl. Loan. 1924 67 Chartered Bank

78 |Gufoness (A) Bon & Co.

Hawker Siddeley Atre.... 13/7} Bristol Aeroplane

15

81

96

Silver Duty Rate

The Central Bank of China's

Canton-Kloon Rly. 5% 16 Chinese 44% Gold Loan 1898 (Brit. Leste)....... Chinese 5% Gold Bonds,

1925-47

.K. & S'hal Bank (Lán.

Reg.)

85

Imperial Chemical Ind. 29/10). Imperial Tobacco... 112/6 Marks & Sp'cer “A” ord. 51/71 Rolls Royce ....

STEAM

88/0

60

BK. & Shat Bank (Col

Reg.)

Geyland Motors

.........

73/0

87

Tate & Lyle .......

:55/9

Chinese Eng. & Mining

Turner & Newall

64/11

-TO-

50

(bearer)

18

United Steel.........

21/8

on London at 10

tate today was 1/2-1/2d.

The Equalisation rate was 19-3/4 Chinese 5% Crisp Lean,

a.m.

Chin. 44% Anglo-French

Loan, 1908

Chosen Corporation

8/d

Smethwick Drop Forg. .

13/8

50

Pekin Syndicate

1/

Armstrong Stevens, ord.

#

Shai Elec. Constr· Co

13:

Pressed Steel, 'com.

14/0

Der cent

New York Exchange

New York, Jan. 17 (Reuters.

1012

30

Thai Watermarka

"2"

12

Vickers. ord.

17/41

Chinese 5% Reorg. Loan.

1913 (Lan. Is.)

Union InsuraICE

25

Woolworths

42

Chinese 8% Ster. Notes,

Gula Kalumpong Rubber. 22/6 Allied Ironfounders

Ankio-Dutch-

24/8

14

TT on London (Opening Rate). Chia. Imperial Rly. 5%, 3.90-3/8,

Calcutta Exchange

Calcutta, Jan. 17 (Reuter T.T. on Japan, 79-7/8.

jeli Runee Paper

Bombay, Jan. 17 (Reuter). government 34% Rupee, 88-14-0 nominal.

1925 Vickers)

12

Asso. & Elec. Industries 38/11 Austin Motors, ord.

15/9

Loan

55

Jonan Rly. 6%

18

Cable & Wireless, New

Form. ord.

581

Rub. Plant. Invest. Trust. 33/3

11 Burma Corporation Commonwealth Mining.. Marsman Investments... 15 Randfontein Estates...

36/3

Rukuang Rly, 5%. 1911... 19 Hukuang Rly. 5%. 1911

(German Issue) Long Tsing & U. Hai Rly,

6% 1913 res Thai-N'king Rly. 5%

B-A. Tob. (bearer)

96./3

Western Holdings .........

Mercantile Bank

117.

Sub-Nigel

.12

198/3

17

Cammell Laird, ord,

7/9

Tanami Gold Mining...... 3d

Mexican Eagle

14

Courtaulds

6/7) 35/6.

Anglo-Iranian

Burmah

20

Distillers

67

Shell

lentain-Pukow Rly." 5%

(Brit. Stpd)

Dunlop Rubber.

28/B

Gen. Mectric (England) -75/3

58/3

·61/10).

Trans, i Trad 478/11

(bearer)

-Nomina!

INDO-CHINA

NAVIGATION COMPANY LTD.

Operating Services for Cargo, and Passengers

SWATOW, SHANGHAL, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Rosevelt "Terminal in the French Concession at. Shanghai, where "passengers and cargo arejimuded..

For farther, particulara"

please apply to-

JARDINE MATHESON&Co.,LTD. TELEPHONE KOJIL - GENERAL MANAGERS