"COMMODITY MARKET
420
52 3/4
NEW YORK, Sept. 7, 1940.
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PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGER
CLOSING QUOTATIONS
SEPTEMBER 7, 1940.
On London:-
Telegraphic Transfer. 12 7. On Demand selling ... 1/2 7/8 On Demond buying ... 1/3 3/8 Credits 4 months' sight 1/3 5/8
On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
(FROM PAYNE & CO.)
REVIEW
NEW YORK STOCK EXCHANGE
STOCKS
· QUOTATION (REUTER'S SERVICE}
SEPTEMBER 8. 1940,
MONDAY,
SEPTEMBER 9, 1940..
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised Capital $50,000,000
Imued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1859
Reserve Funds:
Sterling
£8,500,000
Reserve Liability of
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Paid-Up Capital Reserve Fund
£3,000,000
£3,000,000
Last Sale
STOCKS
Last Sale
Proprietors
-$20,000,000
prietors
£3,000,000
Sept. 7
Sept 7
HEAD OFFICE: LONDON:
Adama Express
51
Lockneed Aircraft
29
Head Office:--HONG KONG
Alleghany Steel Co.
221
Loew's Inc.
261
Alls. Chalmers
341
Loft Incorperated
221
Aluminium Ltd.....................
+97
Mack Truck Inc.
23
Amer. Can
98+
Martin, Glen L
32
September 7
American Cyanamid B. ...
311
McKesson & Robbins, pfa.
22
On demand
95 1/2
SINGAPORE EUBBER
On India:-
Telegraphle
Transfer.
S P T
and demand
82 1/2
OCT.-DEC.
On New York:-
JAN.-MAR.
Close Opening Closing Change Buyers Buyers 37-3/4 37-5/8 37-3/4 36-7/8 38-3/4 36-7/8 35-3/8 35-1/4 35-3/8
Amer. & Foreign Power ...
11
Montgomery Ward
421
Ame: Foreign $7 pf.
16*
Mtain City Copper Co.
31
unch,
Amer. Locomotive
147
National Aviation ...........
101*
Amer. Metals Co.
171
Nat. Dairy Producta
141
Hon Mr. 8. H. Dodwell,
Amer. Radiator
74
National Distillers
213
G. Miskin, Esq.,
Bank Bills, on demand 12 1/2 Credits, 80 days' sight 23 3/8
On Batavia:---
On demand.
On Paris:-
The market was quiet but steady. LONDON RUBBER
Amer. "Rolling Mill
12
National Lead
K. S. Morrison, Esq.,
174
1. E. Pearce, Esq.y
buyers
Previous close Today's close
buyers
Amer. S'ting and Ring Co.
40+
Nut. Fower & Light
77"
Change
Amer, Sugar Refining
141
0. C. Roberts, Esq.;
National Supply Corp.
61
42 1/8
Amer. Tel & Tel.
167
Hon. Mr. A. L. Shields,,
New York Central
14}
SPOT'
12-3/16
Amer. Tobacco "B"
76*
October
NOVEMBER
JAN.-MAR.
45
On Bangkok
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Silver rer oz.
23 7/16
featureless.
December
January
March
Bank Bills, on demand 1085
Credits 4 months" sight 1160
On Salgon,
On demand............. 07 3/4
On "Manila-
On demand
Market Report
149 1/2
1/8 1/2
FROM ROZA BROS.
Saturday, Sept. 7.
Silver prices were unchanged
yesterday the quotations remain-
ing at 23.7/16 for Ready and
APRIL-JUNE
NEW YORK COTTON: Scale-down buying by the trade was "the only support today and a narrow sagging tendency is probable pend- ng a smaller crop movement. "Cotton cloth sales were encouraging. CHICAGO WHEAT: There was a renewed local buying, follow- ing buying in the Kansas City market, in anticipation of a further tightness in the cash position.
NEW YORK. STOCKS: Previous close, 133.12; Today's close, 132:78: Change, off 34.
NEW YORK COMMODITY MARKET
23.1/4 for Forward. Silver advices New York Cotton, Dec. reported
quiet and
the market as being Chicago Wheat, Dec.
American Chicago Corn, Dec.
Silver was quoted at 34.3/4 for NEW YORK COTTON Spot.
The London-New York cross Oct. (New contarct)
rate was quoted at 402.1/2. New
York-London was quoted at 404."
Prev. Today's
Niagara Hudson Power
+1
12-3/16
12-1/4 12 11-3/4
Market closed
Amer, Waterworks Arraconia Copper
01
N. American Aviation ......
17
237
"Nörth"""American" "Cor 1
201
Branches:
Atchison, T. & 8, Fe. Aviation Corp. ....... Baldwin Lecometive Baltimore & Oblo Barber Asphalt Co.......... Barnsdall Of ....
171
Northern Pacific
73
Owens-Illinois" Glass Co.
54
Amoy
Johore
.15]
Bangkok
Kobe
Pacific Gas & Elec
291
Batavia
41
Kowlron San
Sir Vandeleur M. Grayburn,
Chief Manager.
„GA BUYONI.
DAWNPOBI CEBU DOLOMBO DILEI
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J, Paterson,
Deputy Chairman, J. K. Bousfeld, Esq., A. H. Compton, Esq.,
39, Bishopsgate E.CS.
Sub-Agencies In London:
117/129, Leadenhall Street," E.0.3. West End Branch: 14/16, Cockspur Street, B.W L Manchester Branch:
D2, Mosley Street, Manchestar, %
PENANG
BANG00%
AGENCIES AND BRANCHES ›
KARBIN EONA LONG ILOILO IDE KARACHI
ALOE STAE AMRITSAR BANGKOK BATAVIA BOMBAY
CALOUTTA
AGENOIRD:
KLANG
KOBA
LA
BALGON
SERTHBAN
SHANGHAT'
SINGAPORA
SITIAWAN
CLAVE STREIT KUALA FAIRIN PLACE
BOUBABATA
TAIPING
KUCHING
TIENTSIN
Rangoon Saigon.
MADRAS
TONGELE
MANILA
(Bhuket)
MEDAN
TRINGTAO
Packard Motors
31
Bombay
Kuala
Francisco
HAIPHONG
NEW YORK
YOKOHAM
11
Pan-American Airways-
15...
Calcutta Lumpur
Shanghai
Paramount Pictures
64
Canton
London
Singapore
Bendix Aviation
317
Pennsylvania R.R
212
Chefoo
Lyons
Sourabaya
Bethlehem Steel"
701
Philadelphia Read, Coal
#
Colombo Malacca
Sungei
Bliss & Co.
*15*
Phillips Petroleum
361
Dairen
Manila
Boeing Airplane Co.
17
Public Service of NJ,
363"
Foochow
Borg-Warner
181
Pullman Inc.
21
Haiphong
Bankow
Briggs Mfg.
211
Tokyo
Pure Of
73
Budd M'facturing Corp.
41
Radio Corp. of Am.
5A
Harbin (loilo
Canadian Pacific R'way
4
Reading Company,
Com
14"
Ipob
(REUTER'S SEKVICE)
Case, JL......
53"
Remington Arms Co., Inc.
34
Celanese
201
Republic Aviation Corp.
42
High Low Close Close Change
9.32 9.21 9.33 9.21
Chesapeake & Ohio .......................
40
Républic Steel
171
12 of
Chrysler Corpa,
79
Revere Corp.
101
זיד
Close
767 707. 767 571 50. 567 571
Opening Closing
unch.
Columbia Gas & Elec
6
Reynold Tobac. "B"
364
# up
Commercial Credit Co.
35.
Safeway Stores
45
יו
Change
Com, & Southern (Ord.)
.14
Schenley Dist Bers
10
Consolidated Edison
281
Sears Roebuck
804
0.39/38.
9.33/33
>
...... 9.33/34
9.30/30
9.23/24 9.21/21
.15
Consolidated Oil
6
Shell Unton, Di
9
12 of
Continental Can
391
Sacony-Vacuüm On
91
9.23 N
9.19b/21a 9.11n
.12 oft
Continental Ou
10
Southern Pacific
98
}
9.14/14.
9.10/10
9:02/02
#12 of
Copperweld Steel
19
douthern Rly $5 pid,
201
Quiet.
MARKET
STERLING
May July Ispot
}
8.94/94
8.91/91
8.82/82
.12 off
Curtiss Wright (C.)
8+
"
Epicer Manufacturing Co.. 31*
清明
I 0 8.74/74 3;72 {
8.70/70
8.62/62
.12 of
Curtiss Wright "A"
28
Standard Brands
B1
-9.57n
15 off
"Deere & Co.”
174
-CHICAGO-WHEAT-
December
May
A
September
There were sellers at 1/2.31/32 up to November, buyers at 1/3 for any delivery.
U.S. DOLLARS
A small business was reported at 22.7/8 for near delivery. The market closed with sellers 22.13/16 for forward and probably near, buyers at 22.7/8 for Cash.
SHANGHAI DOLLARS Business was done early in the morning at 431 followed by trans actions at 428.1/2 and also at 429, The market closed with sellers at 429, buyers at 430 for Cash,
AFTERNOON MARKET "
Total sales Friday:-71,200 bales.
.77/761 7671.763
7727774
Friday's sales:-unavailable. CHICAGO CORN
December May
WINNIPEG WHEAT October
73ja NY-London Cross Rate 4.04 ·
Sterling opened at 3.20/84. The LONDON STOCK
highest rate touched was 3.15/32.
At the close there were sellers at 3.29/64 for Spot US Dollars opened with sellers at 5.9/32. The highest "rate touched Was. 5.5/16. The market closed with sellers at 5.9/32 for Spot.
Shanghai Exchange
Shanghai, Sept. 7 (Reutery:
Official T.T. Kates
EXCHANGE
(REUTER'S SERVICE)
London, Sept. 6.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted
on Saturday, Sept. 7, 1940,
The following quotations are the China Lights (Old), middle prices at the close of thei
narket in London. All quotations China Lights (New) are subject to confirmation and no responsibility is assumed for errors
n-transmission.
Stand Gas & Elec. ........................
Distillers Corm. Seagranis
17
Standard Oil of 'California
184
Douglas Aircraft ali............
77
Standard Q11 of N.J.
354
Du Pont de Nemours
475
Stone & Webster
8+
771/771.
76/77 773/73%
unch.
Eagle Picher Lead
9
Studebaker Com
78
i up
Eaton Mig. Co.
321
Swift International
18+
Elec. Autolite
37
Technicolor
201
Elec. Bond & Share
6
Texas Coryn.
37
Elec. Bond & Share $5 pt.
65
Texes Gulf Sulphur
33
631/63
561/57 578/573
·
561/561 571/571
63/621 571/571 581/358
off
Elec. Bond & Share $8 pí.
74
Timken-Axle
281
i up
Elec. Power & Light $7 pf.
371
<
Trans-America Co.
5
1 up
Flintkote
15
20th Cent. Fox.
62
Gen. American Trans.
48
Union Bag & Paper Corp.
121
73ja
7312 4.03-1/2
tunch.
Gen, Electric
35
Union Carbide & Carbon
75j
Gen. Motors.
48)
Union Pacifle
Gen. Rallway Signal
12/
United Aircraft.
414
Gen. Tire & Rubber”
13$
United Airlines Trans
171
Glidden Co.
141*
United Corpn.
17
Goodrich (BF),
134
Goodrich $5 pf.
542
United Corpn. $3 cum pr. 374 United das Corpn.
13.
Goodyear Tire & Co.
174
United Gas Improvement 111
Great Northern Iron Ore ..
15
U.S.. Industrual Alcohol.
20*
Great Northern Rly, pfd.
J4
261
US Rubber
23+
500. $7.00 500 7.00 100 4:10 356 4.30 200 4.10
Great Western Sugar Greyhound Corpn.
217*
US. Rubber $8 ptd.
Muar
Patani Swatow (Johore) Tiantain Mukdes
New York Tsingtao
Peiping Yokohama
Penang
FRIPLEG......
(Peking)
FORBION Extranos and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITs received for One Year or shorter periods in Local or Other Currencies at räten which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL"CORRENCY and Fixed Deposits on application. received for one year or shorter geriods in Local and other Cur terms which will be
cancies On quoted on application.
Also up to date Sars Droer Boxes in various sizes To Lær Hong Kong. 28th February: 1948.
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. Hong Kong, 25th Feb., 1839.
THE CHASË. BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PIN STREET,
NEW YORK An American Bank offering com plete Foreign Banking Bervice in the principal Markets of the world. Interest Bates on Application.
The Bank's Head Ofoe in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terme which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital
Heserve and Undivided
Profita
5,598,000.00
2,983,281.50
"Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
:
SIR SHOPSON CROW, Chairman Li Koon-Gban, Eup Ti Lan Sang, Eng. P. K. Kwok Esq. Wong Cha Son, Bay. Wong Tan Tong, Esq. Kan Ying l'o, Esq. Chan Ching Shok, Bag, Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager LI THE FONG, Esq, Manager..
Branches and Agencies: -
Kowloon
Penang Angapore Bangoon Bourabaya
HAMBURG. HANKOW
11*
U.S. Steel
571
SAFE DEPOSIT BOXES
Hercules Powder Co.
844
Vanadium
32
International Harvester
461
Vultee Aircraft
100%
Int Nickel
201
Amoy
Batavia
Loudoa
Bombay
Hanlin
Orientia
Methpura
Saigon Bralow
ifran. Spinay
Haiphong
Manaka
Hankow
henolata
Now Tork Beattle Farin
.cdaver
Paiptag
Walworth Co.
41
Inter. Paper & Power
153
Warner Bros. Pict
23...
HK. Docks (Old)
100 16.90 Int. Tel. & Tel
21.
Westinghouse Elec;
101
Ε
London
New York
Japan
India
Hongkong
Starling
Opening 0/3-3/8 5
21-1/4
War Loan, 31% (Red
after 1952) Canton-K'loon Rig. 5% Chinese 41% Gold Loan
101! 7
H.K, Docks (New) H.K. Tramways
500 16.90 100 16.40 100 16,00 200 18.00
Kennecatt Copper
29%
Woodward Iron Cor.
28*
Lakey Foundry & Mac. Libbey-Owens-Ford Glass
32'
421
Chase National Bank National City Bank
284
H.K. Realtys
500..
3.65
18-5/8 22-3/8
1898 (Brit. Issue
ཐཱ✖
30
• bid.
t
3156"
Sept. Sept
Oct.
Spot
Sellers
Opening Closing 0/3-15/16 0/3-29/64 0/3-15/32 0/3-29/84 0/3-29/64 0/3-7/16 U.S. Dollars
$5-9/32 $5-9/32 5-9/32 5-1/4
Sept...... 5-9/32
5-1/4
Oct....... Market: Quiet,
Calcutta Exchange
"Calcutta Sept- theater) TT. on Japan, 81-1/4.
LONDON METALS
EXCHANGE London, Sept. 6 (Reuter). Tin, Standard, Cash, Middle Price: £256-1/8;
Tin, Standard; 3 months. Middle Price, $267-1/8
Market steady. There was less smelter selling pressure, although
Chinese 5% Gold Bonds,
1926-47
Chin. 44% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan.
1912
Chinese 5% Reorg. Loan
1913 (Edn. Is.) Chinese 8% Ster. Noter.
35
44
ཝཱས
12
consumer demand remains, nes-Ger; 7% Intl. Loan. 1924 5
ilgible.
SILVER MARKET
BOMBAY SILVER "Bombay, Sept. 7 (Reuter). Market-Steady. Offtake 25 bars,
Ready
Indian Mint Silver
Bept. 25 Settlement. Oct 23 Settlement
The total value is $28,094.60.
BANK NOTES IN
ני
CIRCULATION
Returns of the average amount of bank notes in circulation in Hongkong during the month end-
the Managers of the respective
ed Aug. 31, 1940, as certified by banks are as follows:-
Chartered Bank of India, Aus- tralia and China $26,883,305;
1939/40
t-ex, div. DOW JONES AVERAGE
High Low Dow Jones Averages 155.92 111.84 30 Industrials
25.90 £2,15-20° ·Rails
"
Sept. 8, 1940. High Low Close
133.28 132.54 132,78 29.31 20:10 99,21 23:08 23:03 23.05
241*
Change
**34 off 03 off
Sept.. B
133.12
29.24
Utilition
23.05
31 up
Bands
59.53
89.51
02 off
65.67 46.50 11 Commodity Index
51,49
Business Done:-220,000 shares:
27:70- 18,03′ 20-
92.22. 83.06 40.
This Bank is entirely owned by
THE CHAN NATIONAL BANK New York, withi“ Besources of suvaq) 17.8.$2,900,000,000, ...
D. M. BIGGAR,
Second Vice Pre
A Job?
WANT ADS
INDO-CHINA
Bemarang Shangha
Every description of Banking and Exchange business transacted. Loans granted on approved securities:
*rencies on
Current Accounts opened in Local Currency and Fixed Deposits, re- ceived. for one year or shorter periods in Local and Foreign Our-/
terus which will be Juoted on application.
SAFE DEPOSIT BOXES TO Lør.
KAN TONG PO;'
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
Hongkong and Shanghai-Bank STEAM NAVIGATION COMPANY LTD PAID UP CAPITAL $40,000,000.00
Corporation $200,257,228; - Mercan-'
tile Bank of India, Limited $4,789,- 165. Total $231,920,698.
1925 (Vickers) Chin. Imperial Rly. 5%
Loan
38+
Honan Rly, 5%
9
Hukuang Hly. 5%, 1911...
(LP. N/Y Issue)
12
aukuang fly 5%, 1011
(German Issue)
11..
Lang Taing & U. Hal
Rly. 6% 1813-
|8'hai-N'King Rly. 5%
12
Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Tientain-Pukow Rly. 5% (German Stpd.) ............... Tientsin-Pukow Riy, 5%
(Brit. Stpd. Supf. Loan) 8 Tientsin-Pukow Rly, 5%
(Ger. Stpd. Supl, Loan B Jap. 6% Ster. Loan, 1924 324
8
Union Insurance
20."
Gula Kalumpong Rubber 13/9
8
B-A, Tob. (bearer)
Mercantile Bank ...
78/11 11
Dunlop Rubber
Bristol Aeroplane
29/101 9
Imperial Chemical Ind. 20/10)
!
United Steel
17/7
Woolworths ......
58/6
Chartered Bank ....... H.K. & S'hal Bank (Ldn.
Reg.')
6-7/16
Marsman Investments 8/9
Western Holdings.
9/3.
051
Sub-Nigel
157/6
HK & Shai Bank (Col.
Reg). Chinese Eng. & Mining
(bearer)
71
Shell Trans & Trad
(bearer)
Nat Defence Bonds, 3%
30/10+ 101
15
London-Midlanda Beat
Chosen Corporation
4.
tlab, 3%
12
03-12
Pekin Syndicate .......
Great Western Bail-
03-11
S'hai Elec. Constr. Co.
15
way, 3% ****
03-11
Bhai Waterworks: "A"
135
Nat Bank of India, 3
21
Operating Services for Cargo and Passengers
TOM
SWATOW, SHANGHAI, TRINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG. and - CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth alongsi le the. Roosevelt Terminal, in the French Concession at Shanghai, whore passengers and cargo are labdad."
For further particulars
please apply to
JARDINE MATHESON--COL.TB
TELEPHONE SOJIL GENERAL MANA
(BRANCHES ALL OVER CHINA) Owing to our numerous Branchen in China and connections in the.. principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Doinestic and Foreign Banking and Exchange
Head Office: SHANGHAI Hong Kong Branch:
4, QUEEN'S BOAD,"
South China Ofoes:
SANTON
SWATOW SHIUCHOW
KONGMOON TUISHAN
KINGOHOW
We also handle the fame of Bonda and other Public Funds of the Chinese Government hothair Home ind Abroad.
SHOU J. CHEN,
Manager