Buyers
38-1/2
38-5/8
CLOSED
Bank Bills, on demand 24 7/18
Credits, 60 days' sight 25 1/16
35~1/2
Previous close Today's close
On Batavia-
'On demand'
On Paris-
On Saigon:-
On demand
On Manila:-
On demand
10g 1/4
..... 49 7/8
Or Bangkok!--
On demand
180 1/4
On Sterling Notes:--
Bank Buying Rate
Bår Silver per dz.
1/3 2/4 92
Market Report
Buyer
Bank Bills, on demand 180
Credits. 4 months' sight 1140
13 pence 11-7/8 11-11/16
Buyer 12-1/16
"
PAGE 10-HONGKONG DAILY PRESS
ין
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY 23, 1949
On London :-
Telegraphic Transfer. 13.16 Bank Bills, on demand/9 13/16 Credits 4 months' sight 1.3 6/32 On Shanghai:-
On 'demand
On Singapore:--
On demand
On Japan:-
On demand
On India:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUİLDİNG HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.) ·
201
2 1/2
03 1/2
SINGAPORE RUBBER
Telegraphie
Transfer.
and demand · ·
82 179
SPOT
On New York:-
APRIL-JUNE
JULY-SEPT.
LONDON RUBBER
45 3/8
S POT
APRIL-JUNE
JULY-SEPT. 2.
"New York, January 22, Previous January 22 Closing Opening Closing Change
Buyers
NEW
STOCKS
Adams Express
YORK STOCK EXCHANGE
| Alleghany Steel Co.
Allied Stores
Amer, Locomotive
QUOTATION
"
(REUTER'S SERVICE)
Last Sale
Jan, 22
JANUARY 23, 1940 STOCKS
Last Sale
Jan 23
Reserve Funds:
Sterling
7
Lakey Foundry & Mac. ......
181
Libby-Owens-Ford
Glass
49
Iteserve Liability of
Proprietors....
..$90,000,000
81
Lockheed Aircraft
291
WEDNESDAY, JANUARY 24, 1940.
BANKS
HONGKONG & SHANGHAI|THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. 850,000,000
INDIA, AUSTRALIA
"AND CHINA
Issued & Fully Paid-Up $20,000,000 incorporated by Royal Charter, 1815
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Paid-Up Capital £8,500,000 Reserve Fund
£3,000,000
£3,000,000
Pristora
£3,000,00%
HEAD OFFICE: LONDON:
Allis Chalmers
37
Loew's Inc.
351
Head Office:—HONG KONG
Aluminium Ltd.
102
Mack Truck Inc.
...........
Amer. Can
115
Martin, Glen L.
241 36
American Cyanamid B.
.343
McKesson & Robbins, pfd. 17}*
Amer. Foreign Power ... Amer
17*
Monsanto Chemical
104)
& Foreign $7 pt.
244
Montgomery Ward
51
Board of Directors: Hon. Mr. A. L. Shields,
Chairman. H. V. Wilkinson, Esq.,.
American Gas & Elec,
38
National Aviation
111
19
Nat, Dairy Products .
161
',
Amer. Metals Co.
༡༡༠་
Nat, Distillers
231
Amer. Radiator.
91
National Gypsum ......
11
Amer Rolling Mill
15
National Lead
19)
D. F. Landale, Esq.,
Amer. S'ting.and Ring Co. 461
Nat, Power & Light
81
G. Miskin, Esq.
15
Amer. Sugar Refining
18).
National Steel Corp.
84
K. S. Morrison, Esq.,
:
Change up 1/16 12 pence up 1/8 11-11/16
unch.
Amer. Tel & Tel.
1711
National Supply Corp
Hon. Mr. T. E. Pearco,
81
Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
88
C. C. Roberts, Esq.,
New York Central
151
101
Niagara Hudson Power
51.
Sir.Vandeleur M. Grayburn,
281
N. American Aviation
241
Deputy Chairman,
J. K. Bousfield, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
38, Bishopsgate E.0.3.
Sub-Arencies In London:
117/12, Leadenhall Street, E.0.3. West End Branch: 14/18, Cockspur Street, S.W,1. Manchester Branch: 52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HAILBIN
ALOB STAR AMRITAR BANGKOK BATAVIA BOMBAY CALOUTTA
AGENCIES:
HONG KONG BANGOON
CLIVE BET KUALA
Chief Manager. Fails Plac
PENANG
ILOILO IPON
SALOON
882EMBAN
TABACHI ELANG ΚΟΒΣ
SHANGHAI
SINGAPORE
May July
July (New contract) October December January Spot
..)
::
311
Volume (in contract Shanghai Dollars Opened with sellers at 307 and NEW YORK RUBBER the highest rate touched was 313. Marth".
Lime May Towards the close at tunch sellers were quoted at buyers at 312.1/2.
The market was firm on trade buying and scarcity of sellers. NEW YORK COTTON: Easier on foreign selling. liquidation of concentrated holdings inspired by the pessimistic view on the, con- tinuation of the US.-Japanese Trade Treaty after its abrogation. With support less active, the market generally is featureless.
NEW YORK RUBBER: Reports from Akron were generally op- timistic and there was some factory buying but the heaviness on Wall Street is restraining activity.
CHICAGO WHEAT: There are continued lack of exports and lower Argentine advices. The European markets are tending to slight easiness, but there is no selling pressure. FROM ROZA BROJ.
NEW YORK STOCKS:
Silver prices
unchanged 145.13: Change, off 51 were yesterday, the quota ions remain- lag at 22 fur both deliveries, Silver advices reported the being quiet with a small business done. American Silver was quot- ed a 34.3.4 for Spot.
market as
The London-New York cross-rate was quoted at 402.1,2. New York- London was quoted at 396.3/8..
Market
Quiet.
Sterling There were sellers at 1/2.15/16 Cash, 1,2.29 32 January/March probably April and 1/2.7/8 May
Cash June, buyers at 1/2.31/32. and 1/2.15/18 February/March.
US Dollars There were sellers at 245/8 Jan- uary and 24.9/16 February, buyers at 24.11 16 Cash and 245/8 Feb-
ruary.
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 10.96 10.80 11.00 19.05 19.00 19.07 101) 1002 101 1001 583 584 584 582 14.30 14.20 14.33 14.20
13 of
Atchison, T. & S. Fe.
221
North Amertean Co.....
213
Branches:
Auburn "Motors
21
Northern Pacifc
Raitimore & Ohlo
52
Owens-Illinois Glass Co.
621
Amoy Ipoh
Barber Asphalt Co. Barnsdall Ol
141
Pacific Gas & Eléc
33
Bangkok Jobare
121
Batavia Kobe
Penang Rangoon Saigon
CANTON CAWNPORE Скар COLOMBO
LUMPUR KUCHING
MAD BAB MANILA
SITIAWAN SOUEABATA TAIPING
TIENTS IN
TONGKAH
(Bhuket)
DELRI
MIDAN
DINGTAO
HAIPHONG
Pacific Lighting
491
Bendix Aviation
28
Bombay Kowloon
San
Packard Motors
31
Calcutta
Kuala
Francisco
HAMBURG KANIOW
Bethlehem Steel Bliss Co,
70+
NEW YORK PRIPING
(Peking)
TOYOHAMA
Paramount Pictures
7+
Canton
Lumpar Shanghai
12.
Pennsylvania R.R..
214
Chefoo
London
Singapore
Boeing Airplane 'Co.
231
Phelps-Dodge
35+
Colombo
.
Lyona
Sourabaya
Borg-Warner
231
Phillips Fetroleum
40
Dairen
Malacca
Sungei
Bridgeport Brass Corp. Biggs M'facturing
11
Pittsburg Coke & Iron
Foochow Manila
Patani
19
Public Service,, of NJ,
391
Haiphong Muar
Swatow
Previous close, 143.64; Today's close, Brooklyn-M'hattan Trans.
15
Pullman Inc.
271
Bankow Mukden
Brooklyn-Manhattan $5....
524
Pure Q11
Canadian Pacific R'way Case, J.I.
51
Radio Corpn. of Am,
Harbin Iloilo
71
Reading Company,
Com
15
"
Celanese
263
Reading Company. 1st pfd
25
Chesapeake & Ohio
394
Remington. Arms Co., Inc.
43'
Chrysler Corpn.
82
| Republic Aviation Corp.
| Climax-Molybdenum Ca.
371
Republic Steel
181
Colts Patent Fire-Arms
gry
Revere Cop. & Brass Inc.
121
Close Change 10:80, 20 off 19.05 .02 og
Columbla Gas & Elec.
84
Regold Tobac. "B"
411
Columbia 6 "A" pf.
881°
Richfeld Oll "
7}
Commercial Credit Co.
484
Saleway Stores
48
off
com, & Southern (Ord.)
Schenley Distillers
12
off
Consolidated Edison
311
Sears Roebuck
81
Consolidated Oil
7+
Shell Union Oil
111
Close
11.00/00
Opening 10.96/95
Closing
10.80/80
Change
Continental Can
417
Socony-Vacunum Oll
12
Continental Qu
231
.20 off
Southern Pacifc
121
Copperweld Steel
154
10.73/73
10.69/70
10.38/38
10.32/33
1056 N
10.52/52
10.53/55 10.15/15 10.28/29
.20 off
Southern Rly $5 plà.
201
Corn Products
631
28 of
Sperry
44
Curtiss Wright (C.),
91
23 off
Curtiss Wright "A"'
Spicer Manufacturing Co.
30*
281
9.74/74.
9.63/63
9.50/52
.24 bff
Deere & Co.
20
Standard, Brands
71
9.67/67
9.83/63
9.43/43
*.24 oft
Stand Gas & Elec.
11.
Distillers Corpn. Seagrams
187
2
9.56/€6
9.62/62
9.39 N
21
от
Standard Oil of California
251
Douglas Aircraft
74:
1124 N
11.04 N
.20 of
Standard Oll of NJ.
444
Du Pont de Nemours
180
Stone & Webster
101
of 100 bales each) 42,100 bales.
Eagle Piches Lead
104
Studebaker Com,
9
Eaton Mfg. Co.
307
Hong Kong, 25th Feb., 1939.
Swift International
312
1
19,07/08
18.68 B
and July
18:50/50
19,20 A. 18.85 A 18.55b/64a
19 05/05 18.75/75
.02
.07 up
18,53 E
.03
September
Shanghal Markel
December
18.25 B 18.12/12
18.30 B
.05
18,20 B
.08
*9999
Elec. Autolite
Elec. Bond & Share
Elec. Bond & Share $5 pt.. 564*.
Technicolor
Texas Corpn.
35+
14
..... 7+
441
up
Texe Gulf Sulphur
34+
Elec Bond & Share $6 pí. 661*
קט
קט
Timken-Axle
211
Elec. Power & Light $7 pf.
321
Trans-America Co.
57
Fisk Rubber .....
141
Sterling opened with sellers
for
20th Cent. Fox. Nai
11
tams,
Flintkote
| Gen, American Trans.
Gen. Electric
101/1014
98)/98) 971/971
101/101 981/984
1001/1003 .. 977/98
971/971
Of
Gen. Motors
off
Gen. Railway Signal
30
Gen. Tire & Rubber
Glidden Co,
Goodrich (BF)
581/531"
581/58
* 581/581 591/591
581/581 581/581 $81/581
off
Goodrich $5 pf.
off
Goodyear Tire & Co.....
of
Great Northern Iron Ore
Great Northern Rly, pfd.
Great Westem Sugar
861/861 871/874. 88) B
861/861
261b 87 A 881/821
i off
Greyhound Corpn.
t off
Hercules Powder Co.
off
Homestake Mining
International Harvester
Int Nickel
14.33 N
1.
38. Dollars
/
June
New York, Official
14.60/60
14.22b/39a 14.20/20 1455b/59a 14.47b
.13 off
*13 off
Int. Tel. & Tel
Johns-Manville
uhquoted
34-3/4 3.96-3/8
J. & Laughlin Steel $7 pfd. 57* Kennecott Copper
February, buyers at 24.11/16 Cash
LONDON METALS.
NATIONAL
Opened with sellers at 311 for
were
1930
155.92 121.41 30 Industrials
35.90 24.14 20 Raile
*
K
A
Total sales for the day:-300 CHICAGO WHEAT
Spo: at. 4.13 16 and at the close sellers were quoted at 419/94 for. Spot, US Dollars opened with May sellers at 7.15/16
for Spot and July
towards
the close sellers were September
quoped at 7.7/8 for Spot.
AFTERNOON MARKET
. Saturday's sales:-14,197,000 bushels,
CHICAGO CORN
Conditions in the afternoon. May were no better than those obtain- July Ing in the morning. No business | September was reported,
WINNIPEG WHEAT Sterling
May... The ma ket closed with sellers July a: 1/2.15/16 Cash. 1/2.29/32 -Jan-
September uary/March probably April and 1/2.7/8 May/June, buyers at 1/2 NEW YORK HIDES 31/32 Cash and 1/2.15/18 Feb- March Iuary/March.
The market closed with sellers | NY-London Cross Rate 3.90-3/8
at 24.5/8 January and 24.9/10
and 24.5.8 February.
Shanghai Dollars
Bpot and at the close there
sellers at 315 for Spot.
Shanghai Market
Was a shade easter in the after-
11000.
EXCHANGE
London, Jan 22 (Reuter).
TIN
ouvers sellers
Sterling opened with sell-Standard, Cash 231-1/2 232
ers for Spot at 4.25/32 arid closed Standard.
with seller at 4.45/64 for Spot.
Shanghai Exchange "
Shanghat, Jan. 23 (Reuter).
Official T.T. Bater
0/4-1/2 7-3/8 31-1/4 24-7/2
3.30 30-1/8"
London.
New York
Jupan
India
Parts
Hongkong
Sellers
Spot
Opening Closing 0/4-13/18 0/4-1/18
Jan.
Feb.
0/4-3/4 Q/4-5/8
U.S. Dollars
Spot
$7-15/16
$1-23/32
Jan..
7-15/16
1-23/32
Feb.
7-13/16
7-19/32
0/4-13/18 0/4-1/18
Market: Inclined to be easy.
Merchant Rates
Sterling, 0/4-21/32.
U.S. Dollars: $7-5/3
Silver Duty Eatá
The Central Bank of China's tute.
on Londra at 10 8.2 today was 1/2-1/24.
per cent
The Equalisation rate was 16-1/4
3 months 231-3/4 232 Standard.
Sel'ment Price 231-3/4. Stralis
256-3/4.
PETROL RATIONING IN NEW ZEALAND WELLINGTON, Jan. 23 (Reuter) -Petrol rationing is to be re- introduced in New Zealand.
It was suspended during Decem- bei and January for the holiday. makers.
India Rupee Paper
Bombay, Jan. 22 (Reuter). Government 34% Rupee, 90-02-0 nominal.
New York Exchange
New York, Jan. 22 (Reuter). TT, on London (Opening Rate). 3.98-1/2)
Calcutta Exchange
Calcutta, Jan. 22 (Reuter),
TT, on Japan, 79-7782
SAVINGS
MOVEMENT LONDON, Jan 23 (BWS)-Speak- ing yesterday to the Westminster National、 Savings Committee, the Treasury Financial Secretary stated tha. a special committee bad been formed in the Royal Household, with the King's ap- proval, as part of the already existing National Savings group.
His Majesty had provided the Initial funds for this committee's
work and both the King and the desire to make it as easy
as possible for the staff of the
DOW JONES AVERAGE
High Low Dow Jones Averages,
27.70 20.70 20 Utilitie 22.23 84.51 40 Bonds
65.67 - 46.49 11 Commodity Index 61.8
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
household to part chate to the Operating Services for Cargo and Passenges Savings Movement.
SILVER MARKET
LONDON SILVER London, Jan. 22 (Reuter). Alver Small general business. Market very quiet. In the after- noon, the market was idle.
Spot, 224:
Forward, 224,
IN NEW YORK SILVER
New York, Jan. 22 (Reuter). Bliver. Official, 34-3/4.
BOMBAY SILVER Bombay, Jan, 22 (Reuter) Market-Steady, Öfftake 75 bars, Indian Mint Silver
Ready
Feb. 3 Settleident
Mar; 4 Settlement”
58/05
58-07 58-10
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
"KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZIL • GENERAL MANAGERS
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street,
London, E.C
Authorised Capital
Subscribed Qapital Fold-ar Capital..
25,000,000
£1,800,000
41,050,000
1,359714
Resorts Food and tạt,“
BANKERS:
The Bank of England and Midland
Bank. Ltd. BRANCHES:
Bangcheck
Bambay Calon tla
"Coloubo
Delbi
Galle
Ipah
Kantan
Handy
Karachi
Kota Bharu
|Hongkong 1. Kunda Lipin“.
Howrah
Ke Lauspur
Kaala TrengganTM
Madras
New York
Y'roung
Hangoon
8Langha!
华
Kingspor
HONG KONG BRANCH: Every description of Backlig ad Recharg
į baziness: transacted.
Traveliess Cheques lasted),
TRUSTEE AND EXECUTORSHIP.
་་ !་ UNDERTAKEN. "UJERESI AQ0BUTTS Opened, in Lomal Our Pency KAJ PEXED DEPOSITS quired in Local Carrenos, RBLING & V., DOLLARA on terms that may be importalsad on ageĺksalon.
OBENSON
18골
20th Cent. Fox, $14 pl.....
241*
52#
Union Carbide
& Carbon
811
381
Bamburg (Johors) Tientsin
Tokyo
New York Tsingtao Peiping Yokohama
CUERLAST
Account opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter periods in Local and other Car rencies on terms which will be quoted on application.
Also up to date SA DEPOSIT Roxes in various sizes To Lar Hong Kong, 11th January, 1940
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......... 5,598,500.00 Reserve and Undivided
Profita
2,683, 831.01
FOREIGN EXCHANGE and General Banking Business transacted.
CUARENT ACCOUNTS opened and FIXED DEPOSITS received for One Year
shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Starling with interest allowed at rates obtainable on application.
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agenciee and Branches.
R...A. CAMIDGE,
Manager.
THE CHASE BANK
។
10, QUEEN'S ROAD, CENTRAL-
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.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, New York, with Resources of over £.5.$1,900,000,000,00
D. M. BIGGAR,
Sacand Fio Pras
it
HEAD OFFICE:
Union Pacific
93
521
United Aircraft
45+
161
United Airlines Trans
15
Head Office:---HONG KONG No. 10 Des Voeur" Road," Central.
211
4
United Corpn.
21
174
Board of Directors:
United Corpn. $3 cum pf. -30
▪f
171
United Gas Corpa
Bir Shouson Chow, Chairman
14
64
United Gas Improvement
141
Li Ken Chan, Esq.
LA Lan Sang, Ex
221
P. K. Kwok, Esq.
U.S. Industrual Alcohol
234
15
US. Rubber
361.
234
27#
| U.S. Rubber $8- pfd,
1111
U.S. Steel
101
Vanadium
29
291
551
Walworth Co.
51
Amoy
594
Warner Bros. Pict
31
Elata via
38
Westinghouse Elec,
Woodward Iron Cor.
107 221
Bomber
Saigon
Calentia
Melbourne
Haiphong
4
732
Chase National Bank National City Bank
Bankor Honolulu Kabe
351
•-bla
I-ex, diy.
Jan. 20, 145,81
30 15
$25.25 80,31
Jan. 23, 1940, High Low Close 148.89. 144.57 145.13 30.25 30.07 30,15 25.23.25,05 26.14 80,87
Change .41 off .10 of .11 off .06 up
90.30 .07 up
Business Done :-440,000 shares
Wong Cha Son, Esq. Wong Tan Tong, Esq. Kan Ting Fo, kaq, Chan Ching Shuk, Bay, Fang Ping Wab Eng
Kan Tong Po, Eaq, Chief Managie. Li Te Fong, Esq., Manager.
Branches and dyención :-
Kotloo Prang Hingapore Loudon
Bangoon
Bad Fran
Bourabaya Bwalow Bydney cias en bền New York Besitle Vasconver Paris
Felping
Bemarang Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
BANK OF CHINA
է:
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL” EXCHANGE.İ
BANK
PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER CHINA) Owing to our numerous Bransbes 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.
Current Accounts spened. in Local Currency and Fixed Deposits re-p- 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 Lar.
KAN TONG PO,
Chief. Manager.
Head Office: SHANGHAI Hong Kong Branch:
+, QUEEN'S ROAD, C. South China Offices:
JANTON SWATOW BHLUCHOW
KONGMOON TOISHAN
KINGCHOW...
We also handle the issue of Bonds and biher Public Funds of the Chines Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
4
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