(FROM PAYNE & CO.)
D
103 1/2
SINGAPORE RUBBER
SPOT
APRIL-JUNE
| JULY-SEPT,
New York, Janary 20. Previous January 20 Closing Opening Closing Change Buyers
Buyers 38-3/4 38-3/4 38-1/2 off 1/4 36-5/8 36-5/8 36-5/8
unch
35-5/8 35-5/8
35-1/2 of 1/6
The market was idle, LONDON RUBBER
On demand... 45 1/8
On Paris:-
SPOT
APRIL-JUNE
JULY-SEPT.
ཥུ 3 8
48 79.
150 1/4
... 1/31/4...
92
were
U.S. Dollars There were sellers
at 24.5/8 May July January
and 24.9/16 February. buyers at 24.11/16 Cash and 24.5/8 February.
Bank Bils, on demand : 84 Credits 4 months' sight 114
On Saigon
On demand
Un Manda:-
On demand
On Bangkok *-----
On demand
Sterling Notes:-
Bank Buying Rate
Bar Silver per os. ......
Market Report
FROM ROZA BROJ.
108 1/4
unchanged Silver prices over the Week-end. the quotations remaining at 22 th Ready and
Forward, Silver advices were not received. American Sliver was
quoted at 34.3/4 for Spot.
The London-New York cross-rate was quoted at 402.1/2, New York- London was quoted at 396,3/3.
Quiet.
Market
Sterling "There were" sellers at 1/2.29/32 January-March and 1/27/8 May, buyers at 1/2.31/32 Cash and 1/2.15/16 February.
11-7/8 11-11/16
NEW YORK COTTON: The market displayed remarkable absorb- ing power, There was a substantial volume of selling throughout the day, which mostly came from houses with foreign connections. The
tane was technically improved.
NEW YORK RUBBER: Consumption in the United States for at around 140,000 tons. the first quarter of the year is estimated There was some speculative liquidation while dealer offerings were limited at the decline.
CHICAGO WHEAT: The bearish interpretation of the Canadian crop estimate was responsible for the early easiness today. While Trade and small domestic flour demand improved the technical posi- tion of the market.
NEW YORK STOCKS: Previous close, 145.86; Today's close 145.84; Change, off 22:
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton. Mar, New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York Hides, Mar. NEW YORK COTTON
March
Prev. Today's
High Low Close Close Change 11.20 10.99 11.00 11.00 unch. 19:10 19.02 19.19 19.07 .12 of 1011 1001 1011 1011 unch. 58 58 584 -58 unch. 14.31 14.29 14.28 14.33N .65 up
Closing
Barber Asphalt Ca Barnsdall O Bendix Aviation
Bethlehem Steel
Bliss & Co..gre
Buyer
12 pence
PACE 10-HONGKONG DAILY. PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY
On London:--
12.
1940.
Telegraphic Transfer. 19 13 16 Bank Bills, on demand 1/2 13/10 Credits 4 montha' sight 1,3 6/32 On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:
8888888
295
69 1/2
Telegraphic Transfer. Jag s
and demand ..........
On New York:-
89
Bank Bills, on demand 34 7/18 Credits, 60 days' sight 25 1/16
On Batavia :---
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
Previous close Today's close
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICE)
Lakay Foundry & Mac, Libbey-Owena-Ford
McKesson & Robbina, pid, Monsanto Chemical
195
Last Bale
JAN. 21, 1940 STOCKS.
Lass Hale
$
Jan. 20
8
Jan, 20
4.
TUESDAY, JANUARY 23, 1
BANKS
1940.
HONGKONG & SHANGHAI THE CHARTEREN DANK OF
BANKING CORPORATION
Authorised Capital..... 850,000,000 |
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal" Charter, 1819 Reserve Fundi:
Paid-up Capital £8,500,000 Reserve Fund
Alleghany Best Co. Allied Stores .................
182
Glass, 491.
$20,000,000
B
| Lockheed Aircrit
'Alla Chalmers .....
37
Loew's Ene.
Aluminium Ltd
102*
Mack Truck Inc.
30 951 244*
Sterling H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietars
.....£3,000,00€ Proprietors
HEAD OFFICE: LONDON:
£3,000,000
..£3,000,000
Amer. Can
1142. Martin. Giler L
American Cyanamid B
Amer. Foreign Power ... Ameri & Foreign' $7 pi.... 241 American Gas & Elec' ............. Amer. Locomotive ......ast Amer. Metals Co..
347 2
105
Montgomery Ward
50%
33
| National Aviation
11
191
Mat. Dairy Products
161
23
Nat, Distillers
234
Ames. Radiator...............
કર્મ
National Gypsum
107
Amer. Rolling Mill .................................
15
National Lead
108
D. F. Landale, Esq.,
Amer, S'ting and Ring Co.
467
Nat Power & Light
84
G. Miskin, Esq.,
Amer, Sugar Refining
18)*
National Steel Corp.
65
K. 8. Morrison, Esq.,
Head Office:-HONG KONG
Board of Directors: Hon. Mr. A. L, Shields, A
Chairman. H. V. Wilkinson, Esq.,
Deputy Chairman. J. K. Bousfeld, E., A. E. Compton, Esq.,
Hon. Mr. S. H. Dadwell,
38, Bishopsgata E.0.2 Sun-Agencies In London: 117/12, Leadenhall Street, E.CA West End Branch:
14/16, Cookapur Street, 8.W.1. Manchester Branch: 59, Monley Street, Manchester, 2
AGENCIES AND BRANCHES:
• PENANG
ALOR STAB AMRITSAR BANGKOK
HARBIN
ILOILO
IPOH
HONG KONG LANDGON "
Amer. Tel & Tel
171
Nat. Supply Corpn.
81
Hon. Mr. T. E. Pearce,.
BATAVIA BOMBAY
Buyer
CLOSED
Change
Amer, Tobsc00 ** **
281
New York Central
16
C. C. Roberts, Ex-,
Amer. Waterworks
104
Niagara Hudson Power
5
Anaconda Copper
26
N. American Aviation
244
Atchison, T. & S. Fe.
22+
North American Co. .................
217
Branches:
Auburn Motors...
***
Northern Pacific
&
Baltimore & Onlo
51
Owens-linois Glass Co.
621
Амор
-Ipoh
131*
|Pacific Gas & Elec.
331
Bangkok Johore
12
Pacine Lighting ............
481*
Batavia Kobe
28
Packard Motors
31
Bombay Kowloon
Calcutta Kuala
718
Paramount Pictures
71
Canton
121
Pennsylvania R.R.
31.4
Chefoo
Boeing Airplane Co.
23}
Phelps-Dodge
38
Colombo Lyons
Borg-Warner
231
Philips Petroleum
391
Dairen
Biggs Mfacturing
191
Pittsburg Coke & Tran
7+*
Foochow
Brooklyn-Mhattan Trans... 18 Brooklyn-Manhattan $6 Canadian Pacific Rway, ... Case J. I
Public Service of NJ.
$91
Haipoong Muay
Patani Swatow
59+
Pullman. Iac.
271
5
Pure Odis
8#
llarbin
TO
Radio Carpn. of Am,
&
Hoile
Celanese
271
Reading Company, Com
* 154*
Chesapeake & Ohio ..................
391
Reading Company, 1st pfd
251
Chrysler Corpo
821
Remington Arms Co. Inc.
41*
Climax-Molybdenum Co. Colts Patent Fire-Arms -... Columbia Gas & El. Columbia 6% "A" pf.
37
Republic Aviation Corp.
€
771*
Republic Stee!
191
61
Revere Cop. & Brass Inc.
12)
89
Reynold Tobac, "*"*
411
Bridgeport Brass Corp."
101
Richfeld Oil.......
$1.
Commercial Credit Co.
467
Safeway Stores
401
Cōm. & Southern (ord)
14
Schenley Distillers
121
Consolidated Edison Consolidated Oil Continental Can
314
Bearn Roebuck
821
71
Shell Union Oll
121
42 "
Socony-Vacuum Oli
Continental Ofi
231
Bouthern Pacific
1311
Close
11.00/00
Opening
Change
Copperwald Steel
154*
Southern Rly $5 pid.
291
11.00/00
11.00/00
unch.
Corn Products
637
Sperry
49
10.37/37 10.72/73
10.73/73
unch."
Curtiss Wright (C.)
Spicer Man.ufacturing Co.
30*
10.37/37
10.40/40
10.38/36
.01 up
Curtiss Wright "A"
Standard Brands .......
71
May
July
was
||
Sterling
May
Shangbal Dollars Opened with sellers at 305, To- wards the close at 1 p.m. there were sellers at 307.
Shanghai Market.
Volume (in contract of 100 bales each) 79,700 bales NEW YORK RUBBER
Sterling opened with sellers at March 4.55/84. Subsequently the rate rosé May to 47/8 and at the close there July were sellers again at 4.55/64 for September Spot. UB. Dollars opened with December sellers at 8 for Spot. Later the rate rose to 8.1/32 and as the close sellers were again quoted at 8 for Spot.
AFTERNOON MARKET The market was
dull in the September aitemoon and no business reported.
Friday's sales:-20,984,000 bushels, CHICAGO CORN
The market closed with sellers July ..... at 1/2.29/32 January/March, pos- September
{
H
July (New contract)... 10.57 N October December ( January Spot
10.58/58
10.56 N
.01
off
Deere & Co.
201
Stand Gas & Elec.
11
9.76/78
0.78/78
.9.74/74
02 off
Distillers Corpn. Seagrams
19:
Standard Oft of California
25
}
9.68 N
9.70/71
9.67/67
.01
ou
Douglas Aircraft ....
784
Standard Of 01 N.J.
44)
>
9.69/89
9.66/66
DuPont de Nemours......
180
Stone & Webster
111
11,24 N
11.24 N
unch
Eagle Picher Lead
10
Studebaker Com.
16
Eaton Mfg. Co
301
Swift Internationa).....
32
Elec. Autolite.
35+
Technicolor d
141
Elec. Bond & Share
7}
Texas Corpn.
441
19.18/20 18.79/79
19.10/10 18,60b/79a
19.07/08
.12 off
Elex. Bond & Share $5 p.
573*
Texes Gulf Sulphur
334
18,68 B
.11 сп
Elec. Bond & Share $6 pf.
67
Trans-America Co.
54
BANK OF EAST ASIA, LIMITED
18.68/67 18.56/55
18.50/50
16 off
Elec. Power & Light 5 p.
322
20th Cent. Fox
117
18.46/48
18.25 B
18.25 N
18.12/12
21 of .13
Rabber ...............
141.
20th Sent, Fox. $1ł pi.
241
off
Mintkote
181
Union Carbide & Carbon
Authorised Capital.....$10,000,000.00 Paid-Up Capital...
'5,598,000.00
801
Reserve and Undivided
Sir Vandeleur M. Grayburn,
Chief Manager.
CALCUTTA
AGENCIES: KORE
CLIVE BI FAIRLIN PLACE, DANTON CAWNPORE
Penang Rangoon Saigon HAIPHONG
San
HAMBURG
KUALA
KUCHING MADRAS
NEW YORK PRIPING
Francisco HANKOW.. (Peking)
Lumpur Shanghai London Singapore
SITIAWAN
SOURADATA TALPING
TIENT IN TONGLAN
(Bhuket)
TRINGTAO TOKOHAMA
* Fonnian Exonanos and. General Sourabaya Banking Business transacted.
Malacca Sungei Manila,
Bamburg (Johore) Tientsin Bankow Mukden Tokyo
New York Tsingtao
Peiping Yokohama
CURRENT Accounts opened and FIXED DEPOSIra received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNta also opened in Local Currency and Starling with
CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CEREINOY and FIXED DEPOSIT on appliestion.
The Bank's Head Office in London' received for one year or shorter periods in Local and other Cur-undertake Executor and Trustee. of rencies on terms which will be business, and claims recovery
British Income Tax overpaid, on quoted on application.
ALSO up to date SA DEPOSIT terms which may be ascertained at Box in various sizes To LET.
any of the Agencies and Branches. Hong Kong, 11th January, 1940
R. A. CAMIDGE,
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank' is conducted by the HONGKONG,
SHANGHAI BANKING COR PORATION. Hules may be obtain ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M..GRAYBURN,
Chief Manager. Hong Kong, 45th Feb., 1930.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL"
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world
Interest Rates on Application.
SATE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Hosotrose në avok 17. 18. $1,900,000,000.
D. M. BIGGAR,
Second Fice 'Prik.
LIGON
AIREMBAN
КАВАСТІ KLANG
SHANGHAI
SINGAPORS
LUMPUR
CEBU .COLOMBO
DELAI
MANILA
HRDLAN
"
Gen. American Trans. .......
521
Union Paciac
93
Profits
2,883,931.01
Total sales for the day:-180 tons. CHICAGO WHEAT
Gen Electric
381
United Aircraft
46.
BANK OF CHINA
Gen. Motor
521
****
United Airlines Trans.
15+
1000/1001 101/101
981/98! 981/98 98/93
1012/1011 981/981 972/977
unch:
Gen. Railway Signal
.....f
16*
United Corpn.
21
Head Office:~~HONG KONG No. 10 Des Voeux Road, Central.
Specially Chartered by
t of
Gen. Tire & Rubber
22
United Corpn. $3 cam pl. 38
off
Glidden Co. ......
171
United Gas. Corpл.
13
Board of Directors:
Goodrich (B.F)·
17+
Daited Gas Improvement
14
Bir Bhomson Chow, Chairman
Goodrich $5 pf.
64
Timken-Axle
211
Li Koon Chun, Esq.
Li Lan Bang, Eag
Goodyear Tire & Co.
221
UB, Industrual Alcohol.
23
F. X. Krok, Esq., Wong Cha Son, Esq. Wong Yun Tong, Esq. Kan Ting Po, Esq.
584/581"
581/581
588/581
unch...
Great Northern Iron Ore
15
U8. Rubber
37
531/58
581/581
i up
Great Northern Rly, pfd.
23
US. Rubber #pid.
∙1111·
ין
591/591
591/591
J.
+
up
Great Western Sugar
273*
U.S. Steel....
571
sibly April, and 1/27/8 May/June, buyers at 1/2.31/32 Cash and 1/2.
WINNIPEG WHEAT
Greyhound Corpn.
181
Vanadium
297
May
July September
NEW YORK HIDES
June
15/18 February.
8. Dollars
There were sellers at 24.5/8 Jan- uary and 24.9/18 February, buyers
at 24.11/16 Cash and 24.5/8 Feb-March. ruary.
Shanghat Dollars
at 307. Opened with sellers Later sellers offered 308 and at the close sellers were quoted at 307.1/2, buyers at 308.12.
Shanghai Market
Sterling opened with sellers at 4.53/84 and US$. at 7.31/32 TO- wards the close there were sellers of Sterling at 4.13/16 for Spo and US. Dollars at 7.15/16.
Shanghai Exchange
Shanghai, Jan. 22 (Reuser).
Official T.T. Rates
London
LONDON STOCK EXCHANGE
-(REUTER'S SERVICE) London, Jan. 19.
The following quotations are the aiddle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission,
(German Stpd.) ....... Tientsin-Pukow Rly. 5%
(Brit. Stpd. Bupi Loan) Tientsin-Pukow Rly. 5%
(Ger, 8tpd. Supl, Loan). 16 Jap. 5% Ster. Loan, 1907 55 Jap. 6% Ster. Loan, 1924 58 Ger. 7% Intl Loan, 1924 74 Chartered Bank
87/87 874b
861/831
867/884
1 off
Hercules Powder Co.
90
Walworth Co.
51
Homestake Mining
551
Warner Bros. Pict.
31
AMON
Pasang
871/871
off
Batavia
international Harvester
501
Westinghouse Hec.
108
Bombay
881/881
$84 B
off
Int. Nickel......
361
Woodward Iron Cor.
221
Calostia
Haiphong
Int. Tel. & Tel
42
14.28/29.. 14.57/58 34-3/4 New York, Official NY-London Cross Rate 3.98-1/4
14.30b/35a 14.57b/61a
14.33 N
.05 up
Johns-Manville
721*
Chase National Bank National City Bank
Hankow
New York
Battle
Honolul Robe
Part
BARTERY
Polping
14.60/60
.03
up
unquoted
J. & Laughlin Steel $7 pfd. 58 Kennecott Copper
354
3.98-3/8
bid.
t-ex, div.
DOW JONES AVERAGE ..
-1939
Jan. 21, 1940.
High
Low Dow Jones Averages, Jan. 19, High Low Close
165.92 19141 30 Industrials
145.85
35.90 4.14 20 Rail
30.24
$7.70 20.70 20 Utilities
$5,10
148.97 145.38 145.04 30.30 30.19 '30,26 25.30 25.14 25.26
Chance 32 of .01 up
.18
· 32.99 84.51 40 Bonds
89.48
80.31
65:67 45-59 11 Commodity Index 61.41
*
.10 up ..15 off 81.23 18 off
Business Done -970,000 shares
KAN TONG TO,
Chief Manager,
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
Chan Ching Shok, Eng, Fang Ping Wah EPAID-UP CAPITAL $40,000,000.00
Kan Tong Po, Raq., Chief Managır. Li Tu Fong, Esq., Manager.
Branch and Agencies :-
Swatów
Korvidas
Bingapore Loudon Sangoon Barabara Mazila Balgon Kalwaarna Mh Fran. Sydney. sic Testin
Shanghai
Every description of Banking and Exchange business transacted. Losos granted on approved securities.
(BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the rld, we are able to extend, o aur Clients special facilities for Domestic and Foreign Banking and Exchange,
Head Office:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Uffices:
CANTUN
Current Accounts opened in Local SWATOW Currency and Fixed Deposits re8H1UCHOW
ceived for one year or shorter periods in Local and Foreign Cur rencies on
¿
KONGMOON TOISHAN
KINGCHOW
"
We also handle the issue of Boads.
terms which will be and other Public Funds of the Chinese Government both at Home quoted on application.
and Abroad..
SHOU J. CHEN,
Manager.
SATE DEPOSIT Boxts To Lar.
די
18
Opening Closing 0/4-55/84 0/4-13/16 0/4-55/64 0/4-13/18 0/4-51/84 0/4-3/4
Chiff! 44% Anglo-French
Chinese 6% Crisp Loan,
1912
Chinese 5% Reorg. Lean,
S'hal Waterm^rks “1”.
Gula Kalimpong Rubber 22/6
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
Hawker Siddeley Altc.... 14/1
E
Bristol Aeroplane
15
2
New York
Japan
India
Paris
Hongkong
Epot
Jan. Feb.
Spot
U.S. Dollars
$8
Jan.
Feb.
7-7/8.
$7-15/18. 7-15/16 7-13/16
0/4-1/2 7-3/8
War Loan, 31% (Rea
after 1952)
81
971
Castan-Kloon Bly. 5% 15
IK & Shai Bank (dn
Reg
Imperial Chemical Ind. 30/42 Imperial Tobacco
115
85
Marks & Sp'cer "A" ord.
52
31-174
Chinese 41% Gold Loan
H.K&B'bai, Bank (Col.
Rolls Royce
22/0
24-7/8 *3.30
32-1/8
1898 (Brit. Isano)......
80
Chinese 5% Gold Bonds,
1925-47
50
Sellers
Loan, 1908
ུཊྛཱ3 8 ༞ སྐུ ་ྲ་ཐ ཀྱུག8
Reg.)......
86
Leyland Motors
73/9
Chinese Eng. &* Mizing
(bearer)
Tate & Lyle
56/3
TO-
18
Turner & Newall
64/6
Chosen Corporation
60
United Steel .........
21/101
Pekin Syndicate
2/
Smethwick Drop Forg...
12
S'hai Hec. Constr.. Co.
13
Armstrong: Stevens, ord.
6
12
Pressed Steel, cam,
14/9
Union Insurance
25
Vickers, ord.
18/6
Woolworths
61
Allied Ironfounders
Austin Motors, ord.
Form, ordine
14
Anglo-Dutch
24/6
15/9
59.
97/6
114
Western Holdings
Cammell Laird, 'ord, ..
妻
Sub-Nigel
198/9
Mexican Eagle
6/0
Tanami Gold Mining...... 6**
14
Courtsalda
35/6
Anglo-Iranian
58/13
66/6
Burmah
63/9
Dunlop Rubber
29/1
3hell
Trans. Trad.
Gen. Electric (England), 75/41 Gaitiness (A) Son & Co 7813
(bearer)
78/9
Bominał:
Market:Ques.
Merchant Rates
Sterling. 0/4-13/18,
US Dollars,"ST-15/16
Silver Duty Rata
London at
1913 (Ldn. I) Chinese 8% Ster. Notes,
1925 (Vickers) Chin. Imperial Rly, 5%
LORE
Ronan Rly, 5%
-12
Hukuang Rly. 5% 1911... 19
Hukuang. Rly, 5%, 1011
(German. Issue)
Luna Tsing & U. Hal Rly."
6% 1913
20 14am
The Central Bank of China's rate "today was 1/2-1/20.
The Equalisation rate was 16-1 Der cent
Bhai-N'king Rly. 6%....
Tientsin-Pukow Rly; 5%.
(Brit. Btpd.). Tientsin-Pukow-Rły: 6%
Asso. & Elec. Industries 38/15 .... Rab. Plant. Invest. Trust 33/3
Cable & Wireless, New
3-A. Tob.. (bearer)
Mercantile Bank
Distillers
Burma Corporation... 10/6 Commonwealth Mining... Maraman Investments... 15/8
36/104 Randfontein Estates
12/3
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at. Shanghai, where passengers sad cargo are landed.
For further particulare
please apply to..
HARDINE MATHESON&Co.,LTD. TELEPHONEFOSI GENERAL MANAGERS
4.
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