Alleghany Steel Co.
Allis Chalmers.....
415
Aluminium Ltd, ..................
52 3/4
NEW YORK, Sept. 10, 1940.
Amer, Can.....
65 1/2
SINGAPORE RUBBER
fer. 182 1/2
SPOT
OCT.-DEC.
JAN.-MAR
Previous
Close Opening Closing Buyers Buyers
37-374 37-3/4 37-1/2
36-5/8 36-3/4 36-7/8 35-3/8 35-1/8 35-1/4
Sept 10
American Cyanamid B.
Change
Amer, & Foreign Power
Amer& Foreign $7 pf.
unch. off 1/8
Amer. Locomotive.
Amer. Metals Co.cati
Amer. Radiator
Amer. Rolling Mill
The market was quiet. LONDON RUBBER
Amer. S'ting and Ring Co.
Previous close Today's close
Amer, Sugar: Refining
buyers
SPOT October
12-5/16
12-5716′′
buyers -12-1/4 -12-5/16-
Change
Amer. Tel, & Tel.
O 1/16
Amer. Tobacco "B"
Amer. Waterworks
NOVEMBER
12-7/16
12-1/4
of 3/16
Anaconda "Copper
JAN.-MAR.
12-1/4
12-1/B
off 1/8
Atchison, T. & 8. Fa
97 3/4
APRIL-JUNE
11-15/16
11-7/8
off 1/16.
Aviation Corp.
On Manila:-
On Bangkok:-
On demand
On Sterling Notes:-
Bar Silver per oz.
43
23 1/2
STOCKS:
129.61: Change. off .12.
NEW
"
149 1/2
Bank Buying Rate 1/5 1/2
Market Report
FROM ROZA BROS.
Wednesday, Sept. 11 Silver prices rose yesterday to the extent of 1/16 for Ready and 3/18 for Forward, the quotations being 23.1/2 and 23.7/16 respec- tively. Silver advices reported the market as being quiet with small business done. American Buver was quoted "at 34.3/4 tor Spot
3
The London-New Yerk cross- rate was quoted at 402.1/2 New York/London was quoted at 403.
After ruling quletly steady the market became 'duli. .NEW YORK COTTON: The majority of the trade "estimates domestic consumption this season at around 8,000,000 bales.
CHICAGO WHEAT: The continued strength of September posi- tion was the main constructive influence. The Government estimate of the total crop, Winter and Spring, shows 783,560,000 bushels.
Previous close, 129.73; Today's close, NEW YORK
YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, Dec. New York Rubber, Sept. Chicago, Wheat, Dec. Chicago Corn, Dec."
New York Hides, Sept. NEW YORK COTTON Oct. New contract) December ( January { March
Baldwin Lecometive
Baltimore & Ohio
Barber Asphalt Co. Barnsdall of
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 11. 1940. ",
Ou London:—
Telegraphic Transfer, 1/3 7/3 Bank Bills, on demand 1/3 7/8 Credits 4 months" sight 1/3 1/2
On Shanghai:—
On demand
On Singapore:-
On demand
On Japan:-
On demand........
On India:--
Telegraphic Transfer.1
and demand
On New York:-
Bank Bills, on demand 22 1/2 Credits, 60 days' sight 23 3/8
On Batavia:-
On demand.............. 42 1/8
On Paris-
Bank Bills, on demand 1088 Credits 4 months' sight 1160
On Salgon:-
On demand
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET. REVIEW
(FROM FAYNE & CO.).
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION®
(REUTER'S SERVICE)
SEPTEMBER 11, 1940.
1940.
THURSDAY, SEPTEMBER 12,
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. $50,000,000-
INDIA, AUSTRALIA
AND CHINA
Issued Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1858
Reserve Funda:
Paid Up Capital 23,000,000 £ 6,500,000 Reserve Fund
£3,000,000.
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
prietors se
£3,000,000 HEAD OFFICE: LONDON:
.$90,000,000
Head Office:-HONG KONG
Board of Directors:
H. V. Wilkinson, Esq., **
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman. J. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. A. L. Bhíolda, Sir Vandeleur M. Grayburn,
Chief Manager.
Rangoon Saigon
38, Bishopsgate E.0.2. Sub-Agencies In Landon: 117/122, Leadenhall Street, E.C.S West End Branch: 14/18, Cookspur. Street, S.W 1 Manchester Branch:
59, Mosley Street, Manchester,
AGENCIES AND BEANCHES-
HARBIN
FRWANG HONG KONG "RANGOON ILOILO
ALOR STAR AMBITUAR |BANGKOK BATAVIA BOKRAT
Iron
CALCUTTA KLANG AGENCIES: KOBE
BAIGON
SEREMBAN
KARACHI
SHANGHAI
SINGAPOR
SITIAWAN
SOURABATA
“LUMFUK
“TÁIPINO-
TIENTSIN
CLIVE STERET KUALA FAZLA PRACH
CANTON
CAWNPORE
KUCHING
Sterling
Last Sale
STOCKS
Last Sale
Heserve Liability of
Proprietors .......
Sept. 10
Sept 10
5) Lockneed Aircraft
27
211
Loew's, Inc.
251
331
Loft Incorperated
211
85
Mack Truck Inc.
22
97
Martin, Glên L
31
34
McKesson & Robbins, pfd. 207
11*
Montgomery Ward
402
16
Mtala City Copper Co.
3.
131
National Aviation
-1011
168
Nat, Dairy Products
134
Hon. Mr.. S. H. Dodwell,
61
National Distillers
211
G. Miskin, Esq.,
111
K. S. Morrison. Eng.,
National Lead
164
38
Nat, Power & Light-
T. E. Pearce, Esq.,
7
C. C. Roberts, Esq.,
13
National Supply Corp.
164)
New York Central
143
75)
Niagara Hudson Power
41
84
N-American Avistien.
21
North American Co. .......
194
Branches:
161
Northern Pacific
7.
44
Owens-linols Glass Co,...
53
Amoy
Jobore
142
Pacific Gas & Eleg
294*
Bangkok
Koba
Batavia
4
Packard Motors
31.
Kowloon San
Bombay
Kuala
Francisco
101
Pan-American Airways
148
Calcutta
-Lumpur Shangbai
Bj
Paramount Pictures
51
47
Canton"
London
Singapore
Bendix Aviation
30)
Pennsylvania R.R.
.207
Chafoo
Lyons
Bethlehem Steel
781
Philadelphia Read Coal # *
Colombo.
Malacca
Sungei
Bliss & Co.
143
Phillips Petroleum
36
Dairen
Manila
Boeing Airplane Co.
154
Public Service cf. N.J.
351
Foochow
Muar
" Patani Swatow
Borg-Warner
177
Pullman Inc...
193
Haippong
Bankow
Briggs Mig.
201
Pure Ofl
7
Harbin
Budd M'facturing Corp.
4
Radio Corpn. of Am.
44
Iloilo
Canadian Pacific R'way
32.
Reading Company,
Com
131
Ipoh
Penang
Case, JI
514
Remington Arms Co., Inc.
High Low
9.28 9.21 19.16 19.05
Prev. Today's Close 9.25 19.18b 19.06b 12 of
Celanese
281
Republic Aviation Corp.
Close Change
Chesapeake & Ohio
391
Republic Steel
171
9.26 .01 up
Chrysler Corpn.
781
Revere Corp.
·91.
Columbia Gas & Elec. ......
51
Reynold Tobac. "B"
36!
767 753
751
ΕΤΑ
"57
581
76% 57
9.92
9.53 9.45
1 up up 9.80b..34 up
Commercial Crédit Co.
321
rencies on
Safeway Stores
401
Com, & Southern (@rd.)
14
Schenley Distillera
91
Consolidated Edison
271
Sears Roebuck
792
Close 9.30/30
Opening
Closing
9.25/25
9.30/30
Change unch.
Consolidated Oll
Continental Can
81
Shell Union Oli
381
Socony-Vacunum "Of
9
Continental Oil
18
}
9.25/2
9.21/21
9.26/26
Southern Pacific
87
.01 up
9.16b
unquoted "9.16n
unch
Copperweld Steel
17)
Southern Rly $5 pid.......
193
Curtiss Wright (C)
71
}
9.07/08
9.04/04
.9.10/10
.03
Spler Manufacturing Co
291*
Up
Curtiss Wright "A"
271
Standard Brands
6+
Quiet.
MARKET
STERLING
May July Spot
}
8.89/89
8.84/84.
)
6.70/70
8.66/66!
9,640
8.91n 9.71/71 9.620
,02 up .01 02—off
Deere & Co.
161
Stand Gas & Elec.AY.
14*
קט
Distillers Corpn. Seagrams.
-101
Standard Ofl of California
181
Douglas. Aircraft
74
December
19.18b
_January_
19.15b
the March
May
19.11b
19.03b
Total sales:-460 tons.
758/753
761/763
21
Monday's sales:-12,298,000 bushels. CHICAGO CORN September December May
62/624
567/67
573/573
NEY YORK HIDES
9.45/46 9.81/61
Total sales for the day:-128 contracts.
'34-3/4 US. New York Official
NY-London Cross Rate 4.03
5.
21-1/4
18-5/8 22-3/8
Spot "...
jo transmission.
Sept.
£
There were sellers at 1/2.31/32 up to November, buyers at 1/3 for any delivery.
U.S. DOLLARS
Business was done during early part of the morning at 22. 13/18 for near' followed by small transactions at 22.3/4 for
Total sales Monday:-117,500 bales. NEW YORK RUBBER
Cash. CHICAGO, WHEAT The market closed with sellers at December 22.11/16 for
and probably near
May 223/1 December, buyers at 22.3/4 for Cash.
SHANGHAI DOLLARS Business was done during the course of the morning at:426 and also 427.1/4. The market closed with sellers at 427.1/2, buyers at
423
SHANGHAI MARKET ·
WINNIPEG WHEAT October
Opened with sellers of Sterling | December at 3.33/64 and U.S. Dollars at 5 March 11/32 for Spot Closed, easier
with sellers at 3.1/2 and Dollars at 5.9/32 for Spot.
Shanghai Exchange-
Shanghai, Sept. 11 (Reuter).
Official T.T. Kates
London
New York
Japan
India Hongkong
Sterling
Sellers
Opening 0/3-3/8
Opening Closing 0/3-33/64 0/3-1/2 9/3-33/64 0/3-1/2
LONDON STOCK EXCHANGE
(REUTER'S SERVICE).
Londen, Sept. 10.
LONDON METALS
EXCHANGE
London, Sept. 10 (Reuter).
Standard. Cash, Middle Price. £249-1/4 ̧
Tin,
Tin, Standard 3 months, Middle The following quotations are the Price, £251-3/4. middle prices at the close of the Market rallied from opening de- market in London All quotationscline of 40/- to 80/-. Welsh Tin- are subject to confirmation and no plate dealers were bargain hunt- responsibility is assumed for errors ing.
Int, Tel, & Tel
Lakey Foundry & Mac. Libbey-Owens-Ford Glass 401.
Standard Oil of N.J. ..
"351
Du Pont de Nemours
168
Stone & Webster
72
Eagle Picher Lead
81
Studebaker Com;
7)
19.15/15
19.066/07a
.12 off
Eaton Mfg. Co.
301.
Swift International
177
unquoted
18.950.
20 off
24
Elec · Autolite
351
Technicolor
10
19.10/10 18.85b
.26 off
Elec. Bond & Share
51
Texas Corpn.
361
unquoted 18,75b
.29 off
Elec. Bond & Share $5. pt.
53'
Texes Gulf Sulphur
32
Elec Bond & Share $8. pi.
.72
Timken-Axle
251
Elec. Power & Light 37 pt.
36+
Trans-America Co......
4
757/78
.781/76
761/761 776/77%
3 up
Flintkote
141
20th Cent. Fox.
62
1 up
Gen; American Trans. ....
47+
Union Bag & Paper Corp..
111.
Gen. Electric
33
Union Carbide & Carbon
73
Gen. Motors
47,
Union Pacifie
861
631/631
Gen. Railway Signal
124
up
United Aircraft
391
571/574
57/57-
Gen. Tire & Rubber.
121..
United Airlines Trans
16
15, QUEEN'S BOAD, CENTRAL
HEAD OFFICE:
up
581/581
581/581
1 up
Glidden Co.
14
United Corpn.
17
Goodrich (B.F)
128
United Corpn. $3 cum pt.
301
Goodrich $5 pf, ma
53*
731a
73ğa
unch.
United Gas Corpn...
14
Goodyear Tire & Co.
161
United Gas Improvement
111
Great Northern Iron Ore
141
U.S., Industrual Alcohol.
191"
9.66/66 9.75/75
9.80b/83a .9.94b
34 up 33 up
Great Northern Rly, pfd...
25
in the principal Markets of the world.
U.S. Rubber.
221
Great Western Sugar
21
Interest Rates on Application.
U.S. Rubber $8 pid..
86
Greyhound Corpn
111
U.S. Steel
551
SAFE DEPOSIT BOXES
Sourabaya
(Jobore) Tientsin Mukden
Tokyo New York Tsingtao Peiping
Yokohama
HAIPHONG HAMBURG BANKOW
NEW TORK PEIFING
(Peking)
ТОМСКАЯ
(Bhuket)
TEIN UTRO
TOKORAMI
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOStra received for One Year or shorter periods in Losal or Other Currencies at rates which will be quoted on application,
'SAVINGS ACCOUNTs also opened in Local Currency and Sterling withí
CURRENT ACCOUNTS opened in interest allowed at rates obtainabla LOCAL CUBENOY and FIXED DEPʊgits 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 terms which will be business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
quoted on application.
ALBO up to date SAFE DEPOSIT Boxs in various sizes To LET Hong Kong, 28th February, 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. Hong Kong. 25th Feb., 1939.
THE CHASE BANK
-BANK-OF-EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital ......... 6,398,600.00 Reserve and Undivided
Profits
.2, 83,261.60
Head Office:~HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SIE SHOPSON Onow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq P. K. Kwok, Esq. *
Wong Cha Son, Esq. Wong Tan Tong, Eng; Kan Ying Po, Bag, Chan Ching Sher, Esq. Fang Ping Wah Bag KAN TONG PO, ESO, Chief Manager
18, PINE STREET,
NEW YORK
An. American Bank offering com
plete Foreign Banking Berrio
THE FOND, EG, Manager
Bataria
Bombay
Branches and Agencies:--
Koyloom Редак
Loadou Kangoon
Singapore Boursbaya Bwatow
Helbourne San Fran- Bydney
7
MADEAU
COLOMBO DELHI
MANILA
MBILAN"
L
Ámoy
هالمعلا
34-3/4 4.03
Hercules Powder Co
82
Vanadium
31
International · Harvester ----
451
Vultee Aircraft
91"
Int Nickel-
273
Walworth Co.
48
Inter. Paper & Power
117
Warner Bros. Pict.
21
21
Westinghouse Elec.
101
Kennecott Copper
281
31*
Woodward. Iron, Cor, Chase National Bank National City Bank:
261
281*
24*
1-ex, div.
1939/40
Bigb
Cow Dow Jones Averages 158.92 111.84 30. Industrials
Sept.. §
129.72
35.90 29.15 20 Rails
28.97
28.08 27.98 28.12
.15 off
27.70 18.03 20 Utilities
22.48
22.45 22,25 2231′′
.15/off
82.32 83.06 40 Bonds
89.07
89.16
Oct.
0/3-1/2. 0/3-31/64
U.S. Dollars,
Var Loan, 31% (Red-
alter, 1952)
1001
Jap. S% 8ter. Loan, 1934 334 Ger, 7% intl. Loan, 1924 54. Chartered Bank.
65.67 48.50 11 Commodity Index
"81,06
51.25
.08 up 19 up
Business, Done:-300,000 shares
Epot
$5-11/32
$5-9/32
Canton-K'loon Rly 5%
7
Sept.
5-11/32
5-9/32
Chinese 41% Gold Loan
'H.K, & B'hal Bank (Ldn.
Reg.,
66
Oct.
5-5/16.
Market: Easy.
The Central Bank of China's
Tate on London at 10 am, today -was-1/2-1/2d.
5-1/4
Silver Duty Rate
1898 Brit. Issue)· Chinese 5% Gold Bonds,
1925-47
30
EK. & Shai Banx (Col
Reg)
བུ་ས
72
35
Chin. 41% Anglo-French
Chinese Eng & Mining”
(bearer)"
15
Lgan, 1908
44
Chosen Corporation
chinese 5% Crisp Loan.
Pekin Syndicate
2
1912
12
S'hal Mec. Constr. Co.....
15
per cent,
The Equalisation rate was 244 Chinese 8% Reorg, Loan
1913 (Ldn. Is.)
Operating Services for Cargo and Passengers
@hal. Waterworks "A" ..: 137
18
Union Insurance
TO...
Calculs Exchange
Chinese 8% Eter. Notes.
1925 (Vickers)
Gula Kalumpong Rubber. 13/9
¡B.-A, Tob. (bearer)
78/3.
Calcutta, Sept. 10 (Reutor), T.T. on Japan, 81-1/4.
Chin. Imperial Rly, 5%
Mercantile Bank
Loan
38
Dunlop Rubber,
11-1/10 27/9
Honan Rly 5%
9
Bristol Aeroplane
9
Hukuang Rly, 5%, 1911....
Imperial Chemical Ind.
25/9
LONDON STOCK
(LP. N/Y Issue)
12
United Steel
17/3
EXCHANGE
Hukuang Rly. 6%, 1911
Woolworths......
56
German Issue)
11
Maraman Investmenta
8/9
LONDON, Sept. 11 (Reuter)--Lung Teing & Despite the smallness in trading
Hai
Western Holdings
.9/3
Rly. 5% 1913
B
Sub-Nigel
157/61
the undertone in the Stock Ex-5'hal-N'King Rly. 5% change was steady though prices Tientsin-Pukow Rly. 5% In several groups eased on lack of support.
Coppers and Oils were mostly firm. Giltedged were lower while the leading home Industrials were generally maintained.
Wall Street was barely steady.
(Brit. Stpd.) Tientsin-Pukow Rly. 5%
(German Sipd.).......... Tientsin-Pukow, Rly. '5%
(Brit. Stpd. Supl. Loan) 8 Tientsin-Pukow' Rly. 5%
-(Ger. Btpd. Bupl, Loan) -8
| Londen-Midlands-Scot-
tish, 3%
Great Western Rail-
way. 3% Nat. Bank of India.-9%
-ex-dividena.
12
Shell Trans & Trad.
(bearers
30/3/
For further particulara.
Nat Defence: Bonds, 3% 101:
please apply to
紅葉に
281
244
JARDINE MA
TELEPHONE SOJILL GENERAL MANAGERS •
INDO-CHINA
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT
ri
+
OF CHINA AS AN INTERNATIONAL, EXCHANGE
"BANK"
STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL $40,000,000.00
BWATOW, SHANGHAI, TSINGTAU; CHEFOO.:
and TIENTSIN.
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth alongsile,
the Roosevelt Terminal in the French Concession st
Shanghai, where passengers
and cargo are landed:
(BRANCHES, ALL'· OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centren of the World; we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Y
Head Office:-SHANGHAI
Hong Kong Branch:
4, QUEEN'S" ROAD, C.
South China Offices:
{CANTON - KONGMOON:-
SWATOW
TOISHAN SHIUCHOW
KINGOHOW
We also handle the issue of Bonds and other Public Funds of the Chinos Government hoth at Home, irid Abroad.
SHOU J, CHEN,
Managir
- DOW JONES AVERAGE
Sept. 11. 1940.
High Low Close Change
130.63 129.18 129.01
12. off
This Bank is entirely owned by Ecola
Сплав THI
NATIONAL BA NEW YORK, with Resources of orig U.8.$2,900,000,000,
A Job
WANT ADS
Pelping
Semarang Shanghali
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 of shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT Boxes To Let. `
KAN. TONG PO,
Chief Manager.
Dalentia
Haiphony
Neka
alego Timin
Haskow
New York Beatti
Gesver
Parla
Kabe
D. M. BIGGAR,
Second Vice Pres
THESON&Co.,LTD.