290
*2 1/3.
On Japan:-
On demand
03 1/2 SINGAPORE RUBBER
On India:-
Telegraphic, Transfer.
..
1/8
and demand
On New York:--
Bank Bills, on demand 24 7/18 Credits, 60 days' sight 25 1/18
On Batavia:-
On demand ............... 45 3/8
On Paris:-
Bank Bills, on demand : 36 Credits 4 months' sight 1140
On Saigon.
SPOT
APRIL-JUNE JULY-SEPT.
New York, January 18. Previous January 18 Closing Opening Closing Buyers Buyers 38-1/4 38-1/4 38-5/8 36-5/8 36-5/8 35-7/8 38-3/8 35-3/8 35-3/4
Change
Amer, Can ... American Cyanamid. B Amer. & Foreign Power Ameri & Foreign #7 pt....
PAGE 10-HONGKONG DAILY PRESS
11
FINANCE
FOREIGN MARKETS & QUOTATIONS
ኝ
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
JANUARY 19 1940.
On London:-
Telegraphic Transter.
131
Bank Bills, on demand'/ 13 1 Credits 4 months' night i 36/32
On Shanghat:-
On demand
On Singapore:-
On demand
PAYNE & & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express Alleghany Steci Co. Allied Stores Allis Chalmers 1990 Aluminium Ltd
QUOTATION
(REUTER'S SERVICE)
48
SATURDAY, JANUARY 20, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital 850,000,000
INDIA, AUSTRALIA »
AND CHINA
It
Issued & Fully Paid-Up 120,000,000 Incorporated by Royal Charter, 181f Reserve Funda:
Paid-Up Capital £6,500,000 Reserve Fund
Last Sale
JAN. 19, 1940 STOCKS
Last Sale
Sterling....
..£3,000,000
Jan. 18
Jan, 18
B
Likey Foundry & Mac..
4
Reserve Liability of
H.E. Currency Reserve $10,000,000 Reaarve Liability of Pro-
£3,000,000
prietors
181
Libbey-Owens-Ford
Class
491
Proprietors
.........$20,000,000
..£3,000,00€
HEAD OFFICE: LONDON;
Lockheed Aircraft.
281
361
Head Office:-HONG KONG
35, Bishopsgate E. C..
Loew's Inc.
344
102
Mack Truck Ine.
25
............ 114)
Martin, Glen L.
364
331
McKesson & Robbins, prd. 167*
Board of Directors: Hon. Mr. A. L. Shields,
11*
Monsanto Chemical
105
24] ·
H. V. Wilkinson, Esq.,
Montgomery Ward
518
American Gas & Elec
361
National Aviation
112
up 3/8
Amer. Locomotive
19
Kat. Dairy Products
161
up 1/4
Amer, Metals Co.
221‡
Nat, Distillers
234
up 3/8
Amer. Radiator
91
National Gypsum
10
The market was Arm after ruling steady: LONDON RUBBER
Amer. Rolling Mill
15)
National Lead
197
Previous close Today's close
Amer. S'ting and R'ing Co.
471.
G. Miskin, Esq.,
Nat. Power & Light.
8+
5. S. Morrison, Esq.,
Chairman.
Deputy Chairman, 3. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell, D. F. Landale, Esq.,.
Sub-Agencies In London:
117/139, Leadenhall Street, E01 West End Branch: 14/18. Cockspur Street, 8.W.1. Manchester Branch:
62, Mosley Street, Manchester, 1.
ALOK STAR AMRITSAR
AGENCIES AND BRANCHES:
HABBIN HONG KONG MANGOON IT.0110 ІРОД
ΜΠΟΧΟΥ BATAVIA
PENANG
It..
Buyer
Buyer
Change
SPOT
11-3/4
11-7/8
up 1/8
Amer, Sugar Reining Amer. Tel. &s Tel. ..............................
181
National Steel Corp.
661
Hon. Mr. T. E. Pearce,
171
Nat. Supply Corpu
8)
C. C. Roberts, Esq.,
KLAND
APRIL-JUNE
11-5/8
JULY-SEPT.
11-1/2
On demand
Vo Manila:--
On demand
On Bangkok-
On demand
Sterling Notes:-
Bar Silver per o
108 1/4
48 7/8
159 1
Bank Buying Rate 1/3 3/4
2 1/4
Silver
advices reported Speculators having sold to a small extent gmall business was done. The American Silver market was quiet. was quoted at 34.3/4 for Spot.
45 A
New York Cotton, Mar.
Market Report
FROM ROZA BROS. Silver prices dropped 3/8 yes- terday' for both deliveries, the quo- tations remaining at 22.1/4 for bath Ready and Forward,
After ruling steadier, prices advanced covering.
NEW YORK COTTON: The favourable expectation towards the domestic consumption outlook and scarcity of contracts are respon- alble for the better tone today. The steadiness of prices in the face of recent selling and the producers' persistent holding policy for higher prices seem to encourage the accumulation of a long position. NEW YORK RUBBER: There has been no new feature but evidence of continued factory interest both for actuals and futures.
CHICAGO WHEAT The mill markets were firm. The continu-Boeing Airplane Co.
ed export enquiry for Manitoba wheat imparted sufficient strength here to absorb early offerings.
'NEW YORK STOCKS: Previous close, 145.81; Today's close, 145.61: Change, off 20.
NEW YORK · COMMODITY MARKET
Bendix Aviation Bethlehem Steel Bliss & Co.
Borg-Warner
on
11-13/16 11-1/2 trade
up 3/16
Amer, "Tobacco "B"
90
New York Central
161
"Sir Vandeleur M. Graybara,
up 1/8 enquiry and
Amer, Waterworks ...................
"10
Niagara Hudson Power
51
Chief Manager. Paintia Placi
Amazonda Copper
271
N. American Aviation“.
241
Atchison, TÈ S∙Fe.
251
North American Co.
+221
Auburn Motors ... Baltimore & Ohio.
Z
Northern Pacific
Amoy
Branches: Ipoh
51.
Owens-linols Glass Co.
62
Bangkok Johore
Barber Asphalt Co Barnsdall Ol
131
Pacific Gas & Elec.
33
12
Pacific Lighting
483*
Bombay
Batavia Kobe
Kowloon
Penang Rangoon Saigon San
28
Calcutta
Kuala
Packard Motors
31
Francisco BANKOW
721
Canton
Paramount Pictures
Lumpur
Shanghai
13
Übefoo
London
Pennsylvania R.R.........
Singapore
214
Colombo
231
Lyon
Sourabaya
Phelps-Dodge
381
Dairea
2:31
Malacca Sungei
Phillips Petroleum
39
Foochow Manila
Bigga M'facturing
20
Pittsburg Coke & Dron
71
Haiphong Muar Swatow
3rooklyn-Mhottan
Trans.
141
Public Service of N.J.
40
Hamburg
Brooklyn-Manhattan $8
501
Pullman Isc
Bankow Mukden
28
Canadian Pacile R'way.
51
Pure Oli
81
Harbin New York
Case J, I.
70
loilo
Peiping
Radio Corpa, of Am.
52
Celanese
27
Reading Company, Com
154
CURRENT
ACCOUNTS
(REUTER'S SERVICE)
New York Hides, Mar. NEW YORK COTTON Somewha uncertain at the
March. opening, Steady for a while but!
May the undertone was not so robust
July
The London-New York cross-rate New York Rubber, Mar. was quoted at 402.1/2. New York-Chicago Wheat, May London was quoted at 398.5/8.
Market
Chicago Com. May
Prev. Today's High Low Close Clase' Change 11.07 11.01 11.03 11.07 .04 up 19.42 19.27 19.12 19.25b .13 up 1021 1001 101 1021 1 up 581 581 581. 587 1 ap 14.55 14,30 14.40 14.33 .07 of
Chesapeake & Ohlo ...... Chrysler Corpn.
391
opened
Reading Company, 1st píd
23.
821
Remington Arms Co., Inc.
41
Climax-Molybdenum Co.
3711
Republic Aviation Corp....
01
Colts Patent Fire-Arms Columbla Gaa & 3. A.
80
Republic Steel
191
61.
Revere Cop. & Brass Inc.
124*
Columbia 8% "A" D
90!
Reynold Tabac. “B”
411
Commercial Credit Co. Com. & Southern (ord)
47
Richfield Of...........
74
11
Safeway Stores
451
Close 11.03/03
Opening
Closing
ChangeConsolidated Edison .....
31
Schenley Distillera ..........
121
11.05/06
11.07/07
14 up
Consolidated Off
Sears Roebuck
821
10,78/78
10.82/82
10.82/82
04 up
Continental Can
42
Shell Unton Oil
111
10.40/41
10.45/45
10.45/45
.05 up
Continental Oll ......
23
Socony-Vacuum Ou
121
later..
"
Sterling
July (New contract) October
.. 10.60 N
10.64/04
10.65 N
05 up
Copperweld Speel
15
Southern Pucc
131
May
July
S.me business was reported at: December 1/2.15/16 for near and at the close
Spot
Volume in contract of 100 bales each) 76,300 bales.
at 1 pm, there were sellera at-1/2. 29/32 January/Fabuary. possibly NEW YORK RUBBER March and 1/2.7/8 April/May, buy- March ers at 1/2.35/16 Cash and 1/2.29 May 32 April.
July U.S. Dollars
September December
There were sellers at 24.5/8 Jan- uary and 24.9/18 February, buyers at 24.11/16 Cash and 24.5/8 Feb- Tuary.
Shanghai Dollars
Total sales for the day:-1,260 tons. CHICAGO WHEAT
}
9.83/83
9.87/87
9.86/87
סט 03,
Corn Products
63
Southern Rly $5 pfd..
291
}
9.75 N
9.80 A
9.79 N
.04 up
Curtiss Wright (C)
Sperry
43
11.30 N
11.31 N
.01 up
Curtiss Wright "A"
231
Spicer Manufacturing Co.
291
Deere & Co.
201
Standard Brands ......
Distillers Corpn. Seagrams
181
Stand Gas & Elec.
19.12/12
18.71/71
18.55b/60
18 30/30
18.20/20
19.30/33 19.25b/31a 18.97b/19.05s 18.90/91 18.75/75 18.71/71
18.50b/52a .20 up 18.30b
.13 p
Douglas Aircraft
78
Standard Off of California
251
19 up
Du Pont de Nemours...
1801
Standard Ofl of NJ.
431
.16 up
Eagle Ficher Lead
111
Stone & Webster
11
Eaton Mfg. Ca
291
Studebaker Com,
91
.10 up
Elec. Autolite
35
Swift International
311
Blec. Bond & Share
*
71
Technicolor .......
131
Blee. "Bond & Share $5 pl.
5711
Texas Corpa.
44.
BANK OF EAST ASIA,
101/101
101/101
989/98
987/99
1024/1024 991/994
1
11⁄2 up up
Elec. Bond & Share $8. pf Elec. Power & Light $7 pi.
872
331"
Texas Gulf Sulphur
333
LIMITED
Trans-America Co.
51
306.1/2,
September
972/971
981/981
up Flak Rubber .........................
147
20th Cent. FOX.......
113
Shanghai Market
Fintkote
19
"CHICAGO CORN
20th Sent. For. 311⁄2 pf..
25
Sellers for Spot at 4.27/32 U.S. Dollars at 8.
end
May
581/58+
587/58
582/582
# up
Gen. American Trans.
52
Union Carbide & Carbon ...
81
July
581/58)
.583/581
up
Gen. Electric
381
Union Pacific.
931
Profits
5,598,600,00
2,883,93201
stternoon Market
September
59/59
591/591
up Gen. Motors
521
United Aircraft
443
May
Sterling
July
The market closed with sellers
September
Conditions in the afternoon were WINNIPEG WHEAT very quiet.
Gen. Railway Signal
164
United Airlines Trans.
15
87/87
871/87)
871/87
+ up
Gen. Tire & Rubber
201
United Corpn.
21
872/871
877A
tup
Glidden Co.
171
United Corpn. $3 cum pl. 381
881/89
89/89
קט !
Goodrich (B.F)
171
United Gas Corpn.
17
#
at. 1/2.29/32 January/March and NEW YORK HIDES 1/27/8 April/May, buyers & 1/2 March
15/16 Cash and 1/2.29/32 April. June
US Dollars
There were sellers at 24.5/8 Jan-NY-London Cross Rate 3.95-3/8 uary and 24.0/18 February, buyers
at 24.11 16 Cash and 24.5/8 Feb-
ruary.
Shanghai Dollars
Bellers at 305, buyers at 306.
SHANGHAI MARKET
Evider ly as dull as in Hongkong, rates remaining as quoted at the close of the moming session.
Shanghai Exchange
Shanghai, Jan 19 (Reuter)
Official T.T. Rates
WEEKLY RETURNS
Public Deposits
Other Deposits:-
Bankert
Other Accounta Total
Goodrich $5. pl.
65
United Gas Improvement
149
14.40/40
14.45b/55a 11.33/34
.07 off
Goodyear Tire & Co.
123
U.8.. Industrial Alcohol.
22}
14.65/88
14.70/74 14.56/56
.09 off
Great Northern Iron Ore
16
New York, Omcial
34-3/4
34-3/4 3.95-1/2
Great Northern Rly, pid. 23) Great Western Sugar Greyhound Corpn.
US. Rubber .......
371
274*X
US. Rubber 18 pid,
110
US, Steel
577
161
Vanadium
30
Hercules Powder Co.
891
AND REPORTS Homestake Mining
551
Walworth Co.
+51
International Harvester
591
Wamer Bros. Pict
31
Amoy
Korloos
BANK OF ENGLAND
Int. Nickel
361
Westinghouseə Hec.
London, Jan. 18 (Reuter).
Int. Tel & Tel. Johns-Manville
4*
Woodward Iron Cor.
1071 22
Batavia
Bombay
72
Jan 11
Jan. 18
27,850"
37,180
J. & Laughlin Steel #7 pfd. 581 Rennecott Cooper
Chase National Bank National City Bank
Pelping
Berang Shangha
351
115,720
102,470
42,500
41,680
* bid.
158,220
144,180
1-ex, div.
Government Securities
127,360
117,200
DOW JONES AVERAGE
Other Securities:
Discount & Advances
$.300
3,770
1939
London
New York
Гарат
India
Parts
Hongkong
0/4-1/2
-Securities
25,350
24,750
High Low-Dow Jones Avenger,
Jan. 17,
7-3/8
Total
31,650
23,320
155.99 12141 30 Industriale
145.81
31-1/4
Notes and Cotas
45.010
53,690
35.90 24.14 0 Baile
"3041
M4-7/8
Total Bullion ....
1.150
1,040
37.70 20.700 Utilities
25.14
Notes in circulation
536,130
527,450
29 12 84.51 40 Bonds
39 65
3.30
Ratio of Reserve to Liabilities
24.19%
23.55%
85 67 40.59 11 Commodity Index 61.09
Jan. 19, 1940, High Low Close Change 14834 144.77 145.81 30 off
31,41 30.09 30.31
.20 of 25.33 25.04 26,11........0% of .17 off 26 up
*. 88,43 Br.35
30-1/8
168/-
188/.
Busine
Done-810,000 shares
Seller
Patani
(Johore) Tientsin
Tokyo Tsingtao Yokohama
NEW YORK
(Peking)
TIENTSIN
TONGKAH
(Bhuket) TSINGTAO
TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
QURRENT Accounts opened and FIXED DEPOSITS received for Ons 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 in interest allowed at rates obtainable
"
LOCAL CURBENCY and Fizzo DEPORTS on application. received for one year or shorter The Bank's Head Office in London" periods in Local and other Cur undertakes Executor and Trustee rencies on terms which will be business, and claims, recovery of quoted on application.
British Income Tax overpaid, an
ALAO up to date SA DIPOSIT tarms which may be ascertained at Boxes in various sizes To Lar Jany of the Agencies and Branches: Hong Kong, 11th January, 1940
R. A. CAMIDGE,
HONGKONG' SAVINGS
BANK
The Business of the above Bank
THE CHASE BANK
is conducted by the HONGKONG 18, QUEEN'S ROAD, CENTRAL
SHANGHAI BANKING COR-|
PORATION. Bules may be obtain- ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 26th Feb., 1939.
Authorised Capital......$10,000,000.00 Paid-Up Capital
Reserve and Undivided
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central
Board of Directors:
Bir Shomson Chow, Chairman
Li Koon Chan, Esq.-
Li Lan Sang, Esq.
1. K. Ewok Esq. Wong Cha Son, Esq. Wong Tan Tong, Esq. Kan Ying Pa, Bag, Chan Ching Shok, Esq. Fang Ping Wah bag Kan Tong Po, Esq., Chic Manager“ Li Tie Fong, Esq., Manager.
L'alerta
Branches and ¿gencias :
Haiphong
Rankow Honolulu
Kobe
Loudou
Manila
Plama Bingapore Bangoon
Bourabaya SalFon Bwalow
Melbourne Bei Fran- Sydney
dson Tistin
TDOUTRE
New York Beattie Parts
Every 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 Car- rencies on terms which will be quoted on application.
SAFE DEPOSIT Boxes To Im.
KAN TONG PO,
Chief Manager.
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com-
plete Foreign Banking Servios in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BANK NEW YORK, with Eosotros of over U.S.$3,900,000,000,
D. M. BIGGAR,
Second Fice Priz
BANK OF CHINA
Specially Chartered ‹by JHE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL" EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000,00 (BHANCERS ALL OVER CHINA) Owing to our numerous Branohes 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 Exchange.
Head Office:--SHANGHAI Hong Kong Branch; 4, QUEEN'S ROAD, C.. South China Offices:
CANTON SWATOW SHIUCHOW
'KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds P. and other Public Funds of the Chinees Government both at Home jazd Abroad.
SHOU "J. CHEN,
CANTON CAWNFQEE
BAIGON
BAREMBAN
BOMBAY
KARACHI
SHANGHAI
CALCUTTA
JINGAPOR
AGENCIES: KOER OLYT STE!
KUALA
BITIAWAN BOURABAYA
LUMPUR
TAIPING
KUCHING
China U COLOMBO DEL41 HAIPHONG HAMBURG
MADRAS
MANILA
XIDAN
PRIPING
Manager.
Opening Closing 0/4-53/04 0/4-27/32 0/4-53/64, 0/4-27/32 0/4-49/64 0/4-25/32
Price of Gold at which holdings are valued
FEDERAL RESERVE SYSTEM:
Spot
Jan.
Feb.
Spot
U.S. Dollars
S7-31/32 $8
T
Bills Bought
Jan.
Feb.
7-16/16 8
7-7/8 7-13/16
U.S. Securities held.
Market: Qulet but steady.
Merchant Rates
Sterling, 0/4-13/16.
US. Dollars, $7-15/16,
Silver Duty Rate
The Central! Bank of China's rate
London at 10 On today was 1/2-1/2d.
Federal Reserve Bakio
Federal Reserve Credit Outstanding
Monetary Gold Stock Industrial · Advazem
SILVER MARKET
$.0.
MESSES. MOCATTA AND GOLDSCHMIDT'S WEEKLY SILVER REPORT
13
London, Jan. 18 (Reuter).'
The Equalisation rate was 17-1/2) Der cent
New York Exchange
New York, Jan. 18 (Reuter).
Business WR3 very quiet and
New York, Jan. 18 (Reuter).
COGO
amitted)
Jan 12 Jan 11 Jan, 18
1,000 2,564,000
83.80%
2,477,000 2,477,000 87.38% 87.33% 2,692,000 2,504,000 -2,516,000 14,577,000 | 17,747,000 17,805,00 15,350,000 10,843,000 10,822,00
LONDON METALS
EXCHANGE London, Jan, 18 (Reuter),
TIN
ouvers
£
sellers
บ
small operations either way affect-|Standard, Cash 237-1/2 237-3/4
ed prices unduly, movements being Standard.
due chiefly to the absence of buy-|
TT, on London (Opening Rateers, or sellers. 3.95-1/2.
Calcutta Exchange
Calcutta. Jan. 18 (Reuter) T.T. on Japan, 80-1/4.
India Rance Paper
14-0
Bombay, Jan, 18 (Renter), Government % Rupee, nominal
LONDON SILVER", London, Jan, 18, (Reuter). Silver Little speculative selling. Poor demand. Business very small, Market ulet. In the afternoon,
3 months 238
238-1/4
NEW. YORK SILVER New York, Jan. 18 (Reuter): Silver, Official, 34-3/4.
BOMBAY SILVER Bombay, Jan, 18 (Reuter),
Offtake 59 bars. Indian Mint Sliver
the market was dull, with öffer-Market-Quiet (ings at 1/10 under but buyers were
absent.
Spot, 22-1/4a
Forward, 22-1/4d.
"Ready
Feb. 3 Settlement
Mar. A Bettlement
80-04 60-08 60-03
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Fassengers
TO
"SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOUF and OSAKA
"SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongsisle the Boosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
+
For further particularī
pless apply to
JARDINE MATHESON&Co.,LTD. TELEPHONÉ ZOZI". GENERAL MANAGERS
Ir
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office1-15 Gracechurch Street, London, ECT
Authorised Capital
Subbed Capital Fald-ap Capital "
"Lagerve Fund and that,”
BANKERS:
$65,000,000
The Bank of England and Midland
Bank. Ltd. BRANCHES:
Kuala Trengg=" Madr
Bangkok Upch
Boby.
Calculin
Katan
New York
Colombo
Kandy
FIGENE
Karachi
Rangoon
Keta Bhern
Shanghai
Kuala Lapla
Kuala Lumpur
sexporn
لبالون
FAILE Hongkong
Howrah
HONG KONG BRANCH:
Every dearlytics of Banking and Exchang
| fuaimme trapasstað.
Travellers Chofase- Lærted,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
- CURRENT 40000KTA Speed: in Lol_Dur- Tibor and FIXED DEPOSITs mostved in Lopal Carroney, STEALING & U.8; DOLLARS on Lerar that may be neodcm apllection,
BENSON. ww
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