COMMODITY MARKET
REVIEW
(FROM PAYNE & CO.)
NEW YORK September 13, 1940.
Previous Sept. 12
SINGAPORE BUBBER
SPOT
OCT.-DEC.
JAN-MAR.
The market was quiet.
LONDON RUBBER
£
Alleghany Steel Co. Allis Chalmers
PAGE 10-HONGKONG DAÏLY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Sept. 12.
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors, in transmissiɔn. -
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 13, 1946.
SATURDAY, SEPTEMBER 14, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000
INDIA, AUSTRALIA AND "CHINA
Issued & Fully Paid-Up 890,006,000 Incorporated by Royal Charter, 1809
Reserve Funds:
Sterling.
Last Sale
STOCKS
Last Sale
Reserve Liability of
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Paid-Up Capital....... £6,500,000 Reserve Fund
£9,000,000
£5,000,000
Sept. 12.
.. Sept. 12
Proprietors
..$20,000,000
priators
£3,000,000
5
Loew's Inc.
251
HEAD OFFICE; LONDON:
31
Loft Incorperated .....
201
324.
Mack Truck Inc.
21*
2uminium ̈ Ltd.
79.
Martin, Chen L
291
War Loan 34% (Red
after 1952) Janton-Koon Rly. 5%
Amer. Can
97
McKesson & Robbins, pid: 21
1001
American Cyanamid B.
34
Montgomery Ward
39;
7
%
Close Opening Closing Change Chinese 44%, Gold Loan Buyers Buyers
Amer. & Foreign Power... Amer
11
M'tain City Copper Co.
31
Foreign $7 pt.
*15*
National Aviation
91
37-1/2 37-1/2 37-1/2 30-5/8 36-5/8 36-1/2 35-1/8 35-1/8 35-1/8
unch.
1893 (Brit, Issue)...... Chinese 5% Gold Bonds.
30
Amer, Locomotive":
13
Nat, Dairy Products
131
Amer. Metals Co.
16
National Distillers
201
off 1/8
1925-47
35
Amer. Radiator
7
National Lead
167
Hon. Mr. S. H. Dodwell,
unch.
Chin. 4% Anglo-French
Amer. Rolling Mil
11
G. Miskin, Esq..
Nat Power & Light
7+
Loan, 1008
44
Amer, Sting and Ring Co.
974
1:
National Supply Corp.
K. S. Morrison, Esq.,
54
Chinese 5% Crisp Loan.
T. E. Pearce, Esq.,
Amer. Sugar Refining
13
New York Central
131
Previous close Today's close
1913...
12
C... Roberts, Esq.,.
Amer. Tel, & Tel.
162+
Niagara. Eudson Power
41
buyers..
buyers
Change
Chinese 5% Reorg. Loan,,
"Hoa. Mr. A. L. Shields,
Amer. Tobacco. “8”
753
N. American Aviation
167
SPOT
12-1/4.
12-1/13
off 3/16
1913 (Lda. Is)
18
Amer. Waterworks.......
81.
North American. Co.
181
Sir Vandeleur M. Grayburn, "
Head Office:--HONG KONG
Board of Directors." H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J, Paterson,
Deputy Chairman. J. K. Borsfield, Esq., A. H. Compton, Esq.,
39, Bishopsgate E.C.3.
Sub-Agencies In London: 117/192, Leadenhall Street, E,CS West End Branch: 14/18, Cockspur Street, B.W 1 Manchester Branch: 62, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES · ALOR STAK BARBIN PENANG AMRITSAR HONË KONG MANGOON BANGKOK ILOILO... BAIDON
IPOE
KARACHI
CALOUTTA KLING
AGENOIRD; KOB
BURUMBAN
יי
BATAVIA
BOMBAY
SHANGHAI
BING RO
BITIAWAN
QUEZ STREET
OCTOBER
"NOVEMBER"
JAN.-MAR
APRIL-JUNE
12-5/16
12-1/16
off 1/4
Chinese 8% Ster. Notes.
Anaconds Copper
201
Northern Pacific..
62
Chief Manager. Faktis Pirck, KUALA SOURABAYA
-12-174-
12-1/8...
11-7/8
12-1/19 12 11-3/4
of 3/16
1925 (Vickers)~~-
CANTON ----
__LUMPUR-—ZAIPING—
Atchison, 2. & 8, 12,
134
Owens-linois Glass Co.
521
of 1/8
Branches:
DAWNPORN
KUCHING
TIENTSIN
Chin. Imperial Rly, 5%
Aviation Corp.
43
Pacific Gas & Elec
*291
off 1/8
1. Loan
Baldwin Lecometive
14.
Packard Motors
31
Amoy
Johore
textile markets.
Market easier with interest lacking. NEW YORK COTTON:
The market reflects the activity of the
NEW YORK RUBBER: Business today largely consisted dealers switching from September to distant months.
CHICAGO WHEAT: This year's European wheat crop is es- timated to be 20 per cent. below last year. The market is inficenc- ed by European news, but is vulnerable to any favourable changes. Previous" close. 129,38; Totay's close. NEW YORK STOCKS:
127.87 Change, off 1.49.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE) –
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec.
Honan Rly, 5%
Baltimore & Ohio
4
Bangkok
Kobe
Pan-American Airways
14
Batavia
Kowloon
Rangoon Saigon San
Hukuang Rly. 4%, 1911...
Barber Asphalt Co.
10*
Paramount Pictures
&
(LP. N/Y Issue)
12
Bombay
Kusla
Francisco
Barnsdall off
81
Pennsylvania RR.
201
Daleutta
Lumpur Shanghai
of
Prev. Today's High Low Close Close Change 9.29 9,27 9.28 9.27 01 off 18.95 18.83 18.97 18.826 05 of
75+ 763
761 761
1 off 571 564 -571 584
of .9.78 9.53- 9.64b 9.65 01 up
Sukuang Rly. 5%, 1911
(German Issue) Lung Tsing & U. Ha!
Rly. 5% 1913 S'hal-N'King Rly. 5% Tientsin-Pakow Rly. 5%
(Brit. Stpd.) Tientsin-Pukow Rly. 5%
(German Stud.) Tientsin-Pukow Rly. 5%
(Brit. 'Stpd. Supl. Loan) 8 Tientsin-Pukow Fly: '5% (Ger, Stpd. Supl Loan) Jap. 8% Ster, Loan, 1924 33 Ger, 1% Intl. Loan, 1924 54 Chartered Bank
Bendix Aviation
291
Philadelphia Read? Cai
Canton
London
Singapore
11.
Bethlehem Steel
78
Phillips Petroleum
351
Chefoo
Lyons Sourabaya
Bliss & Co.
134
Public Service of N.J.
35
Colombo
Malacca
Sungel
Boeing Airplane Co.
151
12
Borg-Wamer
17+
Pure Of
Pullman Inc.ij..............
19-
Daires
Macila
Patani
77
Foochow Muar 2
}}
Swatow
Briggs Mig.
**201
Radio Corpn. of Am.
44
Haiphong
(Johore)
Tiontain
Bankow
Mukden
R
Budd M'facturing Corp.
31
Reading Company,
Com
131
Harbin
New York
Canadian Pacific R'way
38.
Remington Arms Co. Inc.
4*
Iloilo
Peiping
Tokyo Tsingtao Yokohama
Case, FL
604
Republic Aviation Corp.....
47
[poh
Celanese
273.
Republic Steel
.....
162
Chesapeake & Ohio
39
Revere Corp.
87*
Chrysler Corpn.
751
Reynold Tobac. "B"
35
8
Columbia Gas & Elec.......
5+
Safeway Stores
42.
Commercial Credit Co.
31"
Schenley Distillera
Com, & Southern (Ord.)
It
Sears Roebuck
"80
Consolidated - Edison
27
Shell Union Oll
82
HA. & Shal Bank (Ldn.
Reg.) HK. & Shai Bank (Col.
Reg)
Consolidated Off
Socony-Vacunam Of
84
67%
Continental Can
381
Southern Pacific
87
Continental" Oil....
18+
Southern Rly $52 pid.
187
72
Copperweld Steel
181
| Spicer » Manufacturing Co. 313
NEW YORK COTTON
Oct. (New contract)
Close
9.31/31
Opening
Closing
Change
Chinese Eng. & Mining
(bearer)
Curtis Wright (C)
71
Standard Branda
15
Curtiss Wright “A”
261
Stand Gas & Bec.
1
9,33/33
9.32/32
01 up
Chosen Corporation
4
Deere & Co...
162
December (
..}
9.29/28
0.28/28
9.27/27.
.01 off
Pekin Syndicate
Standard Ol of California 18%
2
Distillers Corpn. Seagrams
171
January
{
11
}
9.17. N
9.166/198
9.170
Standard Oll of NJ.
**33+
unch.
S'hai Elec. Constr. Co
15
Douglas Aircraft
731
March
{
1
9.10/10
9.10/10
9.10/10
Stone & Webster
7
S'hal Waterworks “A”
13
Du Pont de Nemours
"168
May
July
-Spot
-8.91′′-N- 8.71/71 9.63
-8:01/91-
-6.92/92-
01-up Unton Insurance
Studebaker Com
74
20
Eagle Picher Lead
8.72/72
8.72/72 9.640
01 up Gula Kalumpang Rubber
13/9
Eaton Mfg. Co.
31
Total sales Wednesday:-33,400 bales.
NEW YORK RUBBER
.01 UP B. A Tob(bearer)
Mercantile Bank
Swift International
Technicolor
174
10
76/104
Blee, Autolite........
35
Texas Corpn.
35%
11-1/16
Elec Bond & Share
...
5+
Texes Gulf Sulphur
31
Dunlop Rubber
28
Elec, Bond & Share $5 pt.
824*
Timken-Axle ......
#25
Bristol Aeroplane
8/101
December
January
March
May
18.97b/19.03a 18.93/93
18.860 18.80b 18.70b/758
unquoted 18.78b 18.65b
18.92b/93a .05 off 18.89b 18.82/82 18.72b
Elec. Bond & Share $6 pf.
69
Trans-America Co.
44
Imperial Chemical Ind.
25/9.
5
*:03 up
Elec. Power & Light $7 pf.
351
20th Cent. Fox
Hong Kong. 25th Feb., 1839.
United Steel
17/
Fiintrote
14
02 up
Woolworths
Union Bag & Paper Corp.
111
56
Gen. American Trana.
47
.02 up
Union Carbide & Carbon
72
Maraman Investments....
8/0
Gen Electric
33+
Union Pacifie
834
Total sales:-810 tons.
Western Holdings .....
9
Gen. Motors
46
United Aircraft
381
CHICAGO WHEAT
Sub-Nigel
157'6
Gen. Railway Signal
12*
United Airlines Trans
151
December
May
.764/76% 761/761
771/773.
Sbell Trans, & Trad
771/771
761/701 781/767
of
Gan.. Tire & Rubber.
12
United Corpn.
17
(bearer).
38/104
off
Glidden Co...
122
Nat Defence Bonds, 3%
1013
United Corpn. $3 cum pt. 364
Goodrich (B.F.)
12)
2
United Gas Corpo
1+
Wednesday's sales:-10,420,000 bushels,
London-Midlands-Scot-
Goodrich $5 pf.
54
CHICAGO CORN
tish, 3%
114
United Gas Improvement
111
Goodyear Tire & Co.
153
US., Industrual Alcohol
181*
September
December
May
634/631
631/631 571/57 571/571 561/564 58+/581 581/551 58/577
Great Western Rall-
Great Northern Iron Ore
141
up
U.B. 'Rubber
21+
+ off
way. 3%
231
Great Northern Rly, pfd,
242
an Nat. Bank of India. 3%
-ex-dividend
US. Rübber $8 pid.
86*-*
241
Great Western Sugar
21
U.B. Steel
531
Greyhound Corpn.
11
WINNIPEG WHEAT
Vanadium
293
Hercules Powder Co,
8241
Vultee Aircraft
81"
October
73 a
738a
798a
unch.
International Harvester
451
Walworth Co.
41
NEY YORK HIDES
Ins Nickel
.26
SILVER MARKET
Warner Bros. Pict.
21
December
9.04b/88a9:75,18
March
9,80/80 9.91/91
9.85/65 9.766
01
04. off
LONDON SILVER
Inter. Paper & Power "Int. Tel. & Tel.
141
Westinghouse-Elec
-1021-
·22"
Woodward Iron Cor.
·26.
NY Official Silver
34-3/4
Total sales for the day:-120 contracts.
NY-London Cross Rate 4.03-1/2
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
London, Sept. 12 (Reuter).
34-2/4 4.03-1/2
very small
Spot, 23-7/16d.
Silver-Market quiet.
Forward, 23-3/8d.
BOMBAY SILVER
Bombay, Sept. 12 (Reuter).
Market Quiet but steady. Off-
take 25 bars.
Bustriess
Kennecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford
271
38
Chase National Bank National City Bank
271* 233*
Glass 40
US, Smelting
Lockheed Aircraft
27
•—bid.
t-ex div. DOW JONES AVERAGE
Penang
HAMBURG HANKOW.
'NEW YORK PRIPINO
(Peking)
TONGIAN
(Phuket)
*THINGTAO
YOKOHAMA
FORS.ON EXCHANGE and Geners! Banting Business transacted.
CURRENT A000 opened and FIXED DEPOSIT received for One Year or shorter periods in Losal or Other Currencies at raten which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
Connant Accounts opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS 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, ou
rencies on
quoted on application.
ALSO up to date Sar, DEPOSIT terms which may be ascertained at Boxta in various sizes To Lar
any of the Agencies and Branches. Hong Kong, 28th February, 1940.
R. A. CAMIDGE,
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank is, conducted by the HONGKONG 4 SHANGHAI BANKING COR PORATION. Rules may be obtsin- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAI
HEAD OFFICE:
18, PINE STREET,
NEW YORK Au American Bank offering com
plete Foreign Banking Bervior in the principal Markets of th 'world. Interest Rates oa Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned
THE CHAKE NATIONAL BAST NEW YORK, with Besources of ort
7.8.2,900,000,000..
D. M. BIGGAR,
Broond Flos Pr
THE MERCANTILE BANK
OF INDIA, LIMITED “
Head Office-15, Gracechurch Street,
London, EC Authored Capital
*$,000,000
1,800,000 21,050,000
BANK OF EAST ASIA,
·LIMITED
5,598,800.00
Authorised Capital......$10,000,000.00 Paid-Up Capital Reserve" and Undivided
Profita
Head Office:~HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SIE SHOPSON CHow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok. Eaq. Wong Chu Son, Eaq. Wong Tan Tong, Esq. Kan Ting Po, Esq. Chan Ching Shoe, Esq. Fung Ping Wah Eng KA TONG FO, Ego, Chief Manager LI TSE FONG, Esa, Manager
"Brancher, and Agencies;• • .
Amoy Bataria Bombay
Kortos
London
Panazz Blagspore
Bangoo Botribaya Sulgpa
Welborne San Fran.Bydney
¡siano Flantila
Shanghai
Every description of Banking and Exchange business transacted. Lonas granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposite re ceived for one year or shorter periods in 'Local and Foreign Cur rencies on terms which will be quoted on application,
SATE LEPOSIT Box To Lit.
KAN TONG PO,"
Chief Manager.
скай
MADRAS
COLOMBO
MANILA
DELEL
MEDAN
HAIPHONG
2,83,281.86
Manila
Calonta
Halphony
Bankow
Hennials
·New York Beattle Polplag
Swatow
BANKERS:
The Bank of England and Midland Bank, Ltd. BRANCHES:
1939/40
Bigh Low Dow Jones Averages
Sept. If
16280 111.84 30 Industrials
128.30
LONDON, Sept. 12 (Reuter).
Public Deposita
多
•Sept. 5
Sept. 12
!
Indian Mint Silver
33 67 22.16 20 Rails
27.95
Sept. 13, 1940: High Low Close 129.32 127.48-127:87 27.88 27.50 -97.62
Change
L40 DE
Babeerfood Capital
.33. of
Paid-up Capitar....
£
Ready
63-02
29.45 18.03 20. Utilities
99.97
32.06 - 21,84 91.88
.39 off
Herve Fund and fast.
10,850
13,180
Other Deposita:-
Bankers
Other Accounts
Total
110,280
48,450
184.730
Government Securities
146,000
107,710 400 108,110 139,500
Sept. 25 Settlement Oct. 23 Settlement
03-02
80.61 8306-40 - Bonda
89.11
€88,95
.16 off
43-02
64.07. 49.74.11. Commodity Index
51.29
61.16
13 off'
Business Done-400,000 shares
Other Securities :----
Discounts and Advances
3,870
4,070
Securities
22,810
23,010
Total
26,730
21,080
T
Notes and Coins
20,890
Bangkok
Bombay.
Каалло
Colombo
Kandy
Karachi
Kota Bhern
Hongkong
22,430
Total Bulliona
1.070
"Nõtës “In” élrena den,
$10,000
608,640
Ratio of Reserve to Liabilities
11.89%
13.19%
Price of Gold at which holdings are valued
168/.
158/-.
TO
FEDERAL RESERVE SYSTEM
NEW YORK, Sept. 12 (Reuter).
Bills Bought
UB, Securities held
Federal Reserve, Ratio ..
Federal Reserve Credit Outstanding.
Monetary Gold Stock
Industrial Advance...
LONDON METALS
EXCHANGE
London, Sept, 12 (Reuter); Tin, Standard, Cash, Middle Price 2243-3/4
Tin, Standard 3 months Middle Price, 2246-3/4
Sept. 7 (1939) Sept. 5 Sept. 12
(000's 1,000 2,594,000 2,434,000 2,434,000 85.93% 0941% 89.41% 2,643,000 2.490,000 2,485,000 18,728,000 20,944,000
20,981,000
11,627,000 8,645,000- 8,630,000
BROKERS LOANS
New York, Sept 12 (Reuter), Loan on securities to brokers in New York
Week-ended.
Week-ended
Week-ended
7/9/395/9/40/12/9/40 $499,000,000 $281,000,000 $285,000,000
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo, and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO.
trand TIENTSIN ·
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession "at Shanghai, where passengers and cargo are landed.
For further particulars
please apply tom
JARDINE M
JARDINE MATHESON&Co..! TELEPHONESSOBILO GENERAL MANAGERS
Kuala Trenggan
Madras
New York
Penant
Hangoon
Bhangs
Slam
Kliple Kuala Lumpur Singapore
HONG KONG BRANGIT Every description of Banking and Exchange
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT,
OF CHENA AS ANAN
- INTERNATIONAL EXCHANGE
BANK- PAID UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) in China and connections, in the Owing to our numerous, Branches principal Commercial Centres of the World, we are able to extend to our Cliente special facilities for Manager, Domestic and Foreign Banking and
Exchange.
CURRENT LOCOUNTS opened it. Local. Our resy and FIXED DEPOSITS reored in. Local Currency de FEELING od tore that may be avertine do aplication.
What do
BENSON.
you want?
If there is anything you want to buy o sell try
Classified
small
advertise ment in the Hong- kong Daily
25 words $1.50 prepaid
foreins
Head Office: SHANGHAI
Hong Kong Branch:
4, QUEEN'S ROAD, C South China Offices:
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds. and other Public Funds of the Chinese Government both at Home and Abroad
SHOU CHEN
I