1940-01-31 — Page 10

Daily Press 孖剌西報 All

Lyons Sourabaya

__(Jobore) Tientsin Mukden Tokyo Harbin New York Tsingtao

NEW YORK PIPING

(Peking)

ТОКОПАМА

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local ar Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with

On demand

On India:-

Telegraphic Transfer.

*182 19

and demand

On New York:-

Bank Bills, on demand 24 5/8 Credits, 60 days sight 95 1/4

On Batavia:—

On demand

SPOT APRIL-JUNE JULY-SEPT.

34 cts.

New York, January 29. Previous January 29 Closing Opening Closing Change Buyers Buyers 38-5/8 36-1/4 36-1/2 off 1/8 34-7/8 34-1/2 34-1/2 off 3/8

33-5/8 33-5/8

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JANUARY 30, 1940

On London:-

Telegraphic Transfer./ 13/16 Bank Bills, on demand/s 19/16 Credits 4 months' sight 1/3 3,39

On Shanghai:—

On demand

On Singapore:-

On demand

On Japan!--

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

301

58 1/2

104.1/2

SINGAPORE RUBBER

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

STOCKS

Last Bale

Jannary 30, 1940 STOCKS

Last Sale

Jan, 29

Jan, 20

Adams Express

|Alleghany Steel Co.

Kennecott Copper Lakey Foundry & Mac.

354

Reserve Liability of

Proprietors.........

....$90,000,000

Allied Stores

Libbey-Owens-Ford

Glass

Allis Chalmers.

Lockheed Aircraft

Fend Offer:-HONG KONG

Aluminium Ltd.

1021

Loew's Inc.

354

Amer. Can

1161

Mack Truck Inc.

242

American Cyanamid B.

Martin, Glen L

384

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

Amer. & Foreign Power A. Amer & Foreign $7 pf.

McKesson & Robbins, pfd. 19*

Chairman.

231

Monsanto Chemical

100+

H. V. Wilkinson, Esq.,

American Gas & Elec.......

Montgomery Ward

512

Amer. Locomotive

194

National Aviation

Amer. Metals Co.

231

Nat. Dairy Products

181

Amer. Radiator

Nat, Distillers

231

off 3/8

Amer. Rolling Mili

151

National Gypsum

D. F. Landale, Esq.,

Amer. B'ting and Ring Co.

481

National Lead

"19}

G. Miskin, Esq.,

45 7/8

The market was steadier.

LONDON RUBBER

Amer, Sugar Redning

194

K. S. Morrison, Esq.,"

Nat, Power & Light

Previous close Today's close

Amer. Tel, & Tel.

1701

Hon. Mr. T. E. Pearce,

National Steel Corp.

654

On Paris:

Buyer

Change

Amer. Tobacco “B”

883

C. C. Roberta, Esq.,

National Supply Corp.

ន

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

SPOT

11-7/8

11-3/4

of 1/8

Amer. Waterworks

101

Sir Vandeleur M. Grayburn,

New York Central

16"

APRIL-JUNE

11-3/4

On Saigon:

JULY-SEPT.

11-3/8

11-9/16 11-1/4

cf 3/16

Anaconda Copper

"267

Niagara Hudson Power

of 1/8

Atchison, T. & S. Fe.

N. American Aviation

25+

Branches:

On demand "...

108 1/4

The market was dull.“

Auburn Motors

North American 'Co.

On Manila:-

Baltimore & Ohlo

Northern Pacifc

Amoy

Ipoh

On demand

48 1/4

On Bangkok:— -

On demand

611/4

On Sterling Notes:-

NEW YORK COTTON: Sentiment was more two-sided, many operators evidently preferring the side lines and are watching de- velopments. Spinner buying improved moderately down,

Barber Asphalt Co.

14)*

Bangkok

Johore

Penang Rangoon

WEDNESDAY, JANUARY 31. 1940.

BANKS

HONGKONG, & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital....... $50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1883 Reserve Funda: "

Paid Up Capital £3,000,000 Sterling

£ 6,600,000 Reserve Fund............................. £3,000,000

H.K. Currency Reservs $10,000,000 Reserve Liability of Pro

Deputy Chairman.

J. K. Bousfield, Esq.,' A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,

prietors...

£3,000,00€ HEAD OFFICE: LONDON:

38, Bishopagato E.0.1

Sub-Agencies In London:

117/19, Leadenhall Street, EUS. West End Branch: 14/16, Cockapur Street, S.W.1, Manchester Branch:

5, Mosley Street, Manchester,

AGENCIES AND BRANCHES:

HARBIN

ALOR STAR AMRITSAR

BANGKOK BATAVIA BOMBAY CALCUTTA

AGENCIES:

PENANG

HONG KONG BANQOON

BAIGON

SEREMBAN

SINGAPORE

SITIAWAN

* SOURAMTA”

ILOILO IPOH

БАРАОНІ KLANG KOBS

SHANDRAI

CLIVE STARE "KUALA

LUMPUR

KUCHING

MADRAS

MANILA

TIENTSIN TONGELE

(Bhuket)

KIDAN

-TRINGTAO

Chief Manager. FAILI PLACE

CANTON

TAIPING

י'

CAWNPORS

CEBU COLOMBO

DELHI

Owens-linois Glass Co.

631

Batavia

Kobe

Barrisdall Ou

12}

Saigon

Pacific Gas & Elec

the

scale

337

Bombay

Kowloon

San

Bendix Aviation

302

Pacific Lighting

487

Calcutta

Kuala

Francisco

HAIPHONG HAMBURG HANKOW

Bethlehem Steel

734

Bank Buying Rate

Bar Sliver per oz."

1/3 3/4 9113/16

Chicago Corn, May

Sterling

the

bidding 1/2.15/16.

sorne business

1/2.29/32 for

May July Subsequently July (New contract)

October { was arranged at

December ( Cash. At 1. p.m.

Market Report

FROM BOZA BROS.

NEW YORK RUBBER: The market is featureless. CHICAGO. WHEAT: Sentiment is growing bearish and a new incentive is needed,

FLASH: Some important connections are reported continually selling short Wheat, Rubber, Hides and Cotton,

NEW YORK STOCKS:

Suver prices dropped 1/8 yester- day for both deliveries, the quota- 146.28: Change, off .25. tions being 21.13/16 for Ready

and 21.3/4 for Forward," Sliver ad- vices reported speculators as hav- ing sold to a small extent. A small The market business was done.

closed dull with sellers at the quoted rate." American Silver was quoted at 343/4 for Spot.

Previous close, 148.51; Today's close,

NEW YORK COMMODITY MARKET

The London-New York cross-rate New York Cotton, Mar. was quoted at 402.1/2. New York-New York Rubber, Mar. London was quoted a 399.7/8.

Market

The tone was somewhat hesitant

at the opening, but later eased off to some extent.

1/2.29/32 was indicated as selling rate at the opening, buyers

Chicago Wheat, May

New York Hides, Mar.

NEW YORK COTTON

March

Packard Motors

Canton

Lumpur Shanghai

Bliss Co.

131

Paramount Pictures

Chefoo

London -

Singapore

Boeing Airplane Co.

Colombo

Pennsylvania R.R.

Borg-Wamer

Phelps-Dodge

Dairen Malacca

Sungei

351

Bridgeport Brass Corp. ... Briggs Mfg......

114

Foochow Manila

Phillips Petroleum

401

Haiphong Muar

Patani Swatow

Pittsburg Coke & Iron

73*

Hamburg

Brooklyn-M'hattan Trans.

Public Service of N.J.....

40%

Bankow

Brooklyn-Manhattan $6....

Pullman Inc.

271

Canadian Pacific R'way

Pure Ou

-Iloilo

Peiping

Yokohama

Case, J.I

Radio Corpn. of Am

Celanese

Reading Company, Com

150

Chesapeake & Oblo

Reading Company, 1st pfd

25 *

Chrysler Corpn.

821

Remington Arms Co., Inc.

41*

(REUTER'S SERVICE)

Cilmax-Molybdenum Co.

371

Republic Aviation Corp.

Colts Patent Fire-Arms....

Republle Steel

191

Prey. Today's High Low Close Close

Columbia Gas & Elec.

Revere Cop & Brass Inc.

10.73

-18.51

18.45

981 963

571 56) 13.62

13.52

571 13.59

Change 10.60 10.77- 10.61 ,16 of 18.57 18.49 .08 off 99 961 21 off

56+

off 13.53b .06 off

Columbia 6% "A" pí.

Reynald Tobac. "B"

401

Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison. Consolidated Oll

471

Richfeld Ou

Safeway Stores

472

Schenley Distillers

121

**,**ཡྻུཾ,』,*》*

Sears Roebuck

83+1

Continental Can

421

Shell Union Ol

111

Opening

Closing

Change

Continental Of

Bocony-Vacunum Oli

117

10.77/79

10.70/89

10.61/81

.16 ott

Copperweld Steel

161

Southern Pacific:

131

Corn Products

64]

10.47/48

10.40/39

10.30/31

17 oft

Southem Fly $5 pfd.

314

10.13/15

10.05/05

10:30 N

9.48/48

... "9.42/42

March

there were sellers at 1/2.7/8 Feb-January

ruary/April, buyers at 1/2.15/18 | Spot

Cash and possibly 1/2.29/32 Feb- Total sales Saturday's:-50,400 bales.

Kulky.

0.8. Dollary

First Notice Day for March Cotton-27/2-Last Notice Day-15/3

In Dollars 24.13/16 and 247/8 NEW YORK RUBBER were the opening quotations lead-

ing to a small business at 24.13/18 May

for Cash, At the lunch hour there were sellers at 24.13/18 Cash and 24.3/4 nrst half February, buyers at 24.7/8 Cash and 24.13/18 first February.

Shangbal Dollara 118 117.1/2 at the opening and towards 1 p.m. there were sellers

July

September............

December

Total sales for the day:-1,030 tons.

First Notice Day for March Rubber-28/2 Last Trading Day-27/3 CHICAGO WHEAT

9.30 N 10.90 N

10.25/25

9.40/41... 9.34b/35a 9.32/32

9.96/97 10.16 N 9.35/35 9:27 N

. .17 oft

Curtiss Wright (C)

101

Sperry

Curtiss Wright “A”

291

14 ott

Spicer Manufacturing Co.

304*

Deere & Co...

201

13 off

Standard Brands

Distillers Corpn. Seagrams

194

.15 of

Stand Gas & Elec.

Douglas Aircraft

.83

9.23 N

.13 off

Standard Oll of California

244

Du Pont de Nemours

181

10.75 "N

.15 off

Standard Ol of NJ.

432

Eagle Picher Lead

101

Stone & Webster

101

Eaton Mfg. Co.

328

Studebaker Com.

Elec. Autolite

357

Swift International

Elec. Bond & Share

Technicolor

Elec, Band & Share $5 pf.

5.7*

Texas Corps).

421

BANK OF EAST ASIA.

LIMITED

18.57/80

18.12/17

18.00/00

17.85/95

10.51/48

18.49/50 18.05/17.96 18.00/00 17.88/86 17.85/65

17.70b/73a

Elec. Bond & Share $i pf.

.08 of 12 off .15 off

Texes Gulf Sulphur

341

Elec, Power & Light 37 pf.

301

Timken-Axle

221

Fisk Rubber .....

Trans-America Co.

15 of |Fintkote

-181 i

20th Cent. Fox,

12)

17.86/86

17.55b/80a

11 off

Gen, American Trans.

20th Cent. Fox, $1j pf.'.

24 *

Profita

Gen Electric

387

9,883,921.01

Union Carbide & Carbon

801

Gen Motors

527

Union Pacific

Gen. Railway Signal

174

United Aircraft

471

Gen. Tire & Rubber

211

United Airlines Trans

151

Glidden Co.

United Corpo

at 316 and buyers at 317.

May

Shanghai Market

July

Opened with sellers for Sterling Septeraber

at 4.43/84 for Spot and U.S. Dollars

at 7.25/32 for Spot. The lowest

rate was 4.21/32 for Sterling and CHICAGO CORN

991/99

984/981

961/97

21 off

Goodrich (B.F.)

United Corpn. $3 cum pt.

391

$69/96+

953/951

942/941

21. or

Goodrich $5 pl.

.831

United Gas Corpn.

Li Koon Chan, Esq.

957/951

931/931

21 of

Goodyear Tire & Co........

United Gas Improvement

142

Saturday's sales:-12,661,000 bushels.

Great Northem Iron Ore ..

123

US. Industrual Aledhol.

221

Great Northern Rly, pfd.

244

US. Rubber

Great Western Sugar

-274

US. Rubber så pfd.

1117

574/571

572/571

572/572

-561/561 561/561 57/57

off

Greyhound Corpn.

161

U.S. Steel

572

off

Hercules Powder Co. Homestake Mining

Vanadium"

561

Walworth Co.

Amos

งา

WINNIPEG WHEAT

International Harvester Int Nickel

591

Infarin

London

Warner Bros. Pict.

Bombay

Manila

Saigon

Bwalow

38+

Westinghouse Elec,

108+

Cabuta

September

854/851 262.A 871 A

853 A

841/841 841/847

1 off Int. Tel, & Tel

Halpbeur

1 of Johns-Manville

721

86 B..

Sterling

Woodward Iron Cor. Chase National Bank National City Bank

mag

Radkow Monalnia Labe

Pelplag

7.3/4 for U.S. Dollars Subsequent- May

ly the market was a shade steadier July

and loved at noon with sellers at September 4.11/18 for Sterling and 7.13/16 för US. Dollars.

AFTERNOON MARKET,

May The market was quiet in the July afternoon.

There were sellers. at 1/2.7/8 NEW YORK HIDES February/April, buyers at. 1/2.15/March

16 Cash and 1/2.29/32 February............. June

ns. Dollars

13.59/60 13.51b/50a 13.53b/55a 13.84/90 13.83/78 13.83/83

14 off, & Laughlin Steel tt pid... 561*

.06. Of

01 off

First notice day for March hides:-28/2/40 last trading day:-

unquoted

There were sellers at 24.13/18 25/3/40. Cash and 24.3/4 February, buyers New York, official "at 24,7/8 Cash and 24.13/18 first NY-London Cross Rate 3.99

half February,

There were sellers at 317.

Shanghat Dollars

Shanghai Market

Sterling, 4.11/18 at the opening i

and towards the close sellers were

quoted at 4.43/64 for 8pot.

Shanghai Exchange

| Official T.T. Rates

LONDON METALS

EXCHANGE London, Jan. 29 (Reuter).

TIN

Dwyer. sellers

-34-3/4

3.99-7/8

SILVER MARKET

LONDON SILVER

London, Jan, 29 (Reuter). Silver-Little speculative selling.

*bid.

I-ex, div. DOW JONES AVERAGE

High Low-Dow Jones Averages

1939

155,99 131.41 30 Industriale

25.90 24.14 90 B

$7.70 20.70 20. Utililbina

98.23 8451.40 Bonda

Jan. 27, 146.51.

Jan. 30, 1940, . High Low Close 147.05 145.88 148.28 30 75 · 11,80 20.03 30.09 24,88 * 25,09 24.87 24.05 89.33

Change .25 off .00 off .07 ap 60.29 .00 of 68.90. 1.10 off

Business Done:-490,000 shares

65 87 45.59 11 Commodity Index 59.30 "

་

CURRENT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSIT on application. received for one year or shortar The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee rencies an terms which will be business, and claims recovery of quoted on application.

British Income Tax overpaid, on

ALBO up to date SAFE DEPOSIT terms which may be ascertained at Rox in various sites To Lar any of the Agencies "and Branches.

R. A. CAMIDGE,

Manager.

· 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.

7. M. GRAYBURN,

Chief Hanager. Hong Kong, 8th Feb., 1939,

Authorised Capital......$10,000,000.00 Paid-Up Capital

.......... 5,688,000,00 Reserve and Undivided

Head Office:--HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directors:

Bir Bhouson Chow, ChairinaAZ

Li Lan Sang, Eaq, - P. K. Kwok, 4. Wong Chu Bon, Esq. Wong Jun Tong, Esq. Kan Ting Po, Raq. Chan Ching Shak, Esq. Fung Ping Wah Esq

Fan Tong Po, Esq., Chief Manager. Li Tes Fong, Esq., Manager.

Branches and Agencies :—

Korrisos Pessag

Melbourne

Bingspark

Напевов Bourabaya

oleon Tiantaẩm

VADCORTET

How Tuck Beattie Paris

THE CHASE BANK

15, QUEEN'S BOAD, CENTRAL

HEAD OFFICE:

18, PINE ŠTELIT,

NEW YORK. An American Bank offering com- plete Foreign Banking Bervice in the principal Markets of the world. Interest Bates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CRABE NATIONAL BANK, New York, with Emources of over U.S. $2,900,000,000.

D. M. BIGGAR,

Second Vice Prsa.

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT<

"OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00

(BRANCHES ALL OVKE CHINA). Owing to our numerous Branches

Ban Tracydney in China and connections in the principal Commercial Centres of the World, we are able to extend 'a' our Clients special facilities for Domestic and Foreign Banking and Exchange.

Semarang. Shangh

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

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

SATE DEPOSIT BoxIs To Lær.

KAN TONG PO,

Chief Manager

SINDO-CHINA

Poor support. Business very small.

Market dull. In the afternoon,

the market was dull after, very

Standard, Cash 238-1/2 238-3/4 small business at 1/18 under MarEAM NAVIGATION COMPANY LTD.

3 months 238-1/2 238-1/4

Shanghal, Jan. 30 (Reuter).

Standard,

0/4-1/2

7-3/8

31-174 24-77

3.30

•

today was 1/2-1/24.

30-1/8

Londo

New York

Japan

India

Paris

Hangkong

Sellers" Opening" Closing

0/4-43/64 0/4-11/16 0/4-43/64. 0/4-11/16 0/4-5/8 0/4-5/8

Spot

Jan,

Feb

Spot

Jan,

........ 7-25/32.

...U.8. Dollars

...... $T-25/32

$7-13/16

7-13/10

Feb... 7-11/16' 7-11/16

Market: Quiet but steady,

Merchant Rates

Sterling, 0/4-5/8)(en de

US:

15. Dollars, $1-11/18

Silver Daty Bate

The Central Bank

rate on London at 10:

The Equalisation rate was 15 Der cent.

India Rupee Paper

Bombay, Jan. 20 (Reuter). Government 34% Rupee, 91-10-0 nommal,

New York Exchange

New York, Jan 29 (Reuter).

TT, on London (Opening Rate).} 3.98-3/4,

Calcutta Exchange

Calcutta, Jan. 29 (Reuter).

TT on Japan, 79-1/2.

ket closed with sellers at that

price and buyers satisfied,

Spot, 21-13/18d.

Forward, 21-3/4d.

4 NEW YORK SILVER

New York, Jan. 29 (Reuter), Silver, Oficial, 34-3/4′′

BOMBAY SILVER

Bombay, Jan. 29 (Reuter). Market Quiet but steady., Off- take 50 bars,

Ready

Indian Mint, Sliver

Feb, 3 Bettlement

Mar. 4.Settlement

56-06

50-06

56-11

LONDON GOLD

London, Jan,29 (Reuter). Bar Gold, Fine per c. 168.

Operating Services for Cargo and Passengeri

TO-

* SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAY A

SINGAPORE, PENANG and CALCUTTA

SANDAKAŃ

HAIPHONG

All steamers barth alongside the Roosevelt Terminal in

the French Concession at Shanghai, where passengers and cargo are landed.

For further particulaci

plosan apply to

ARDINE MATHESON&Co.,L TELEPHONE ZOJILZGENERAL MA

JAGERS

Head Office:-BHANGHAI Hong Kong Branch; 4, QUEEN'S ROAD, C: South China Offices:

DANTON SWATOW SHLUCHOW

KONGMOON "TOFSHÄN

KINGCHOW.

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

SHOU 3. CHEN,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offices-15, Gracechurch Street.

London, EC.9.

Authorised Capital

abscribed Capital, ..... Fald-up Capita)

Haterve Fund sod. Last,

* BANKERS;

£5,000,000

£1,500,000

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Karla TrenggaTM

Bangkok

Ipak,**

Bombay

*. Madras

Calentia

Dew York

Kracht

Rahoon

Eats Bhar

Shanghaf

Kuala Kapte

Blant

Colombo Delhi

Hongkong

Howin

Evela" Lumpur". Singapore' HONG KONG BRANCH:

Every descriptid of Banking and Kebang business trazaacted.”

Travellers Cheques tancada de sange TRUSTEE AND EXECUTORSHIP. UNDERTAKEN AAN

UURRETT ADCOUSTE öpésed in Lomi Our TEGY ANJ PIXED"DEPORTId reasyed ja Local Currency, STERLING & U. 8, DULLA KO on WENUT that may be wertained on syplication.

1940-01-31 — Page 10

Comments

Private Research Note