Adama Express
Alleghany Steel Co.
Allis Chalmers
Aluminium Ltd,
Amer. Can
American Cyanamid B
Amer. & Foreign Power
AmerForeign $7. pf. ...
Amer. Locomotive
37-1/2
unch.
Amer. Metals Co.
OUT.-DEC.
38-12
Amer. Radiator
JAN.-JUNE
35-1/8
Amer. Rolling Mil
41.1/8
The market was dulf LONDON RUBBER
Amer. S'ting and Bing. Co.
Amer, Sugar Refining
Previous close Today's close
buyers.
..buyers
Change
Amer. Tel, & Tel.
Amer. Tobacco "B"
SPOT
12-1/8
Amer. Waterworks
OCTOBER
12-3/18
12-3-15
Market closed
Anaconda Copper
Atchison, T. & S. Fe.
• 96 34
JAN.-MAR.
12-1/16
Aviation Corp
| APRIL-JUNE
11-13/16
Baldwin Lecometive
On demand
44
On Bangkok:-
NEW YORK RUBBER: August consumption of rubber in the United States amounted to 50,000 tons.
Baltimore & Ohio
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 14, 1940
On London:-
Telegraphic Transfer. 1/2 7ja Bank Bills, on demand 1/2 7/A Credits 4 months' sight 1-3 1,9
On Shanghai:-
On demand
On Singapore:--
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING' HONGKONG
COMMODITY "MARKET REVIEW
(FROM PAYNE & CO.)
405.
On demand
52 3/4
NEW YORK, September 14, 1940. ·
On demand
108
On India:
SINGAPORE RUBBER
On Japan;-
Telegraphie Transfer.az 1/2
and demand
On New York:-
Bank Bills, on demand 29 Credits, 60 days' night 22 78
SPOT
On Batavia
On demand
On Paris:-.,
On Saigon:
Bank Bills, on demand 1085 Credits 4 months' sight 1180
On demand
"On Manila:-
NOVEMBER
Previous September 14
Close Opening, Closing Change Buyers Buyers
37-1/2 37-1/2 36-1/2 36-1/2 "35-1/8 95-1/8
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER -15, 1940.
"MONDAY, SEPTEMBER 16, 1940.
BANKS
HONGKONG "& SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorized Capital................. #50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:
Paid-Up Capital £3,000,000 £8,500,000 Reserve Fund
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-
.$20,000,000 |
Head Ofes:-HONG KONG"
Board of Directors: H. V. Wilkinson, Esq.,
Chairman.
Hon. Mr. J. J. Paterson,
"Deputy Chairman.
די
Hon. Mr. S. H. Dodwell,
£3,000,000
prietors...
....£3,000,000 HEAD. OFFICE: LONDON:
38, Bisbopagate E.0.2 Sub-Agencies In Lendon: 117/12, Leadenball Street, E.0.3. West End Branch; 14/18, Cockapur Street, 8,W1 Manchester Branch:
32, Mosley Street, Manchester, £
ALOR STAR AKEITSAR
AGENCIES AND BRANCHES ·
HARRIN PINANG HONG KONG MANG001 ILOILO IPOK
MARAONI KLANG
BANGKOK
BATAVIA BOMBAY
NAŤZLIKNYA
SAIGON
SEREMBAN
SHANGHAI
KINGAPORT
SITIAWAN
SOURASATA
LUMPU KUCHING МАРЛАВ MANILA
TAIPING
TIENTSIN
KUALA
AGENCIES: KOSS OLIVE DIRKET TARLIK PLACE CANTON CAWNPORN
COU
COLOMBO DELHI
TONGKAH-
(Bhuket)
Sterling
Last Sale!
STOCKS
Last Solé
Sept. 14
Sept. 14
Reserve Liability of
Proprietors
41 Loew's Inc.
35
20%
Loft Incorperated
201
32
Mack Truck Inc.
22
78
Martin, Glen L
301
961
McKesson & Robbins, pid. 201*
.348
Montgomery Ward
.......
39
M'tain City Copper Co.
31*
15*
|National Aviation
101
13
Nat: Dairy Products........
134
16
National Distillers
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
71
National Lead
184
. Miskin, Esq.,
114
Nat, Power & Light
TA*
K. S. Morrison, Esq.,
38
National Supply Corp.
T. E. Pearce, Esq.,
23*
New York, Cential
14
C. O. Baberta, Esq..
1623
Niagara Hudson Power
41
Hon. Mr. A. L. Shields,
76
N. American Aviation
161
81
North American Co. .........
181
213
Sir Vandeleur M. Grayburn,
Chief Manager.
Northern Pacific.
7
157
Owens-Illinois Glass Co.
54
41
Pacific Gas & Elec
291
-14
Amoy
Branches: Johore
Packard Motors.
31
Bangkok Kobe
Rangoon Saigon
4"
Pan-American Airways
141
Batavia
Barber Asphalt Co.
10"
Paramount Pictures
57
Bombay
On demand
149 1,2
On Sterling Note:-
Bank Buying Rate
1/5-1/2
Bar Silver per oz.
Market Report
FROM ROZA BROS.
Saturday, Sept. 14.
The price für Ready Sliver was unchanged yesterday but the For-
CHICAGO WHEAT: The cash situation remains the strong and principal factor.
STOCKS: NEW YORK 128.38; Change, up .84.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
ward rate dropped 1/8 to 23.1/4. New York Cotton, Dec. Buver advices reported Speculators New York Rubber, Dec. as having sold. The market was Chicago Wheat, Dec, quiet and die. American Silver Chicago Corn, Dec. was quoted at 34.3/4 for Spot.
New York Hides, Dec.
The Lundon-New York cross-NEW YORK COTTON rate was quoted at. 402.1/2, New Oct. (New contract)... 8.32/32 York-London was quoted at 403.-
December (
Prev Today's
High Low Close Close Change 9.27 9.25 9,26 9.25 01 off
Barnsdall Ou
Pennsylvania R.R.
211
Calcutta
Bendix Aviation
29+
Philadelphis Read, Coal
Canton
Previous close, 127.74; Today's close.
Bethlehem Steel
768
Phillips Petroleum
354
Chefoo
Bliss & Co.
137...
Public Service of N.J.
344*
Colombo Malacca
Boeing Airplane Co.
154
Pullman Inc....
194
Daireu · Manila
Borg-Warner
172
Foochow Muar
Pure Oll
7
Briggs Mfg.
213
Radio Corpo, of Am. ................
44
Bankow
Canadian Pacific R'way
Budd M'facturing Corp. 31
42
Reading Company, Com
131*
Harbin
Remington Arms Co., Inc.
43*.
Iloilo
Case, J.L
48
Republic Aviation Corp.
Ipoh
Celanese
28
Republic Steel
17
Chesapeake & Ohlo
391
Revere Corp. ...
*87*
19.00
19.00
18.95h 18.25b unch.
Chrysler Corp.a.
751
Reynold Tobac, "B"
354
76
76
572 581
9.50 9.36
761 781 Lup 561 561b 9.40 9.50b .04 up
Columbla Gas & Elec.
5}
Sateway Stores
424*
up
Commercial Credit Co.
311
Schenley Distillers
92
Com, & Southern (Ord.)
it
Sears Roebuck
81
Close
Opening
Closing
Change
Consolidated Edison
27
Shell Union O
81*
9.32/32
9.31/31
01
off
Consolidated.Oil
Socony-Vacunum Oil
82
9.26/27
9.26/26
3/4.
MARKET
Qulet.
STERLING
January March
9.16 N
9.14b
·
9.11/11
9.09/09
May
{
8.91 N
8.92/92
July
>
8.72/72
8.72 72
9.62 N
9.25/26 9.15n 9.11/11 8.92/92 8.72/72, 9.610
Continental Can
381*
.01 off
Southern Pacific
81
Continental Oil
173"
.01 off
Southern Rly $5 pfd.
192
"unch.
Copperweld. Steel
18
Spleer Manufacturing Co.
31
,01 up
Curtiss Wright (C.)
71
Standard Brands
unch.
Curtiss Wright “A”
251
Stand Gas & Elec.
14.
.01 off
Deere & Co.
181
Distillers Corpni. Seagrams
Douglas Altcraft
NEW YORK RUBBER
Du Pont de Nemours appl
U.S. DOLLARS
December
18.95b
18.93b/98a
18:95b
unch.
Eagle Picher Lead
18.89b
unquoted 18.89b
Eaton Mfg. Co. .............. ......
18.72b
-18.79b
unquoted
18.78b 18.72b
Elec, Autolite
Elec. Bond & Share
Total sales:-110 tons.
Elec. Bond & Share $5. pf.
را
Elec Bond & Share $6 pf.
December.........................
May
761/761 761/763
781/76 7817761
'764/763 762/763
Elec. Power & Light. 37 pt.
up unch.
Flintkote
Gen. American Trans.
I
Gen. Electric
CORN
Gen. Motors
633/832
63ła
Gen. Railway Signal
up
567/562
562 563
567b
Gen. Tire & Rubber.
tup
May
58/58
58/56
Glidden Ca
572b
3 off
Goodrich (B.F.)
WINNIPEG WHEAT
October NEY YORK HIDES
Goodrich $5 pf.
734a
733
73ja
unch.
Goodyear Tire & Co.
Great Northern Iron Ore -
Great Northern "Rly, pfd,
9.48b/48a 9.68b
9.43b/57a 9.50b 9.57b/70a 9.68/88
unquoted 4.03-3/4
.04 up
unch.
Great Western Bugar
Greyhound Corpn.
Hercules Powder" Co.
Int Nickel
International Harvester
Inter. Paper & Power
9.09b
9.95b/10.04a 9.99/90
unch.
Int. Tel. & Tel
Kenmecott Copper
Lakey Foundry & Mac....
Libbey-Owens-Ford. 'Glass Lockheed Aircraft
Indiz Hongkong
Sterling
Spot Sept Oct.
There were sellers at 1/2.31/32 | Spot up to December, buyers at 1/3 for Total sales Friday:-37,300, bales. ang-delivery-
Business was done, during the January course of the morning-at-22:38-1er-March near and 22.5/16 for near. The May
closed with sellers at: market
22.1/4 for near and 22.5/16 Novem~CHICAGO WHEAT ber, buyers probably at 22.5/18 for Cash.
SHANGHAI DOLLARS
Friday's sales:-7,318,000 bushels. Opened with sellers at 415.
CHICAGO Some business' was done at 415, .416 and 417. The market closed September with sellers at 416. buyers at 417.- December 1/2
SHANGHAT MARKET Opened with sellers of Sterling at 3.39/64. The highest rate re- ported was 3.5/8 and the lowest December rate. was 3.37/64. The
market March
closed with sellers at 3.39/64 for Spot. US Dollars
sellers at 5.13/32."
Total sales for the day:-37 contracts. opened with NY Official Silver 34-3/4
The highest NY-London Cross Rate 4.03-3/4 rate reported was 5.3/8 and the
lowest 5.5/10. The market closed NEW YORK COPPER FUTURES
with sellers at 5.11/32 for Spot
Shanghai Exchange
Shanghal, Sept. 13 (Reuter).
Official T.T. Rates
London....
New York
Japan
Opening
0/3-1/2
5-1/8 21-3/4
19-3/8N 23-1/4
Sellers Opening Closing 0/3-37/64 0/3-39/64-
.0/3-37/640/3-39/64
0/3-0/18 0/3-19/32 U.S. Dollars
Spot
...... $5-5/16 $5-5416 Sept: 5-5/16. 5-5/16 Oct---$5-9/3259/32′′
Market:Sterling steady.
Today's silver Duty Rate The Central Bank of China's rate on London at 10 am, today was 1/2-1/2d.
The Equalisation rate was 24-1/4 per cent.
Notice: All Shanghai markéts will be closed on Monday. 16th instant.
Calcutta Exchange
Calcutta, Sept. 14 (Reuter). "T.T. on Japan/^81-1/4.
SILVER MARKET
December
LONDON STOCK
EXCHANGE
(REUTER'S) SERVICE)
London, Sept. 13. 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 transmission.
War Loan, 31%
after 1952)
1,002 Canton-Kloon Rly. 5% 7 Chinese 41% Gold Loan
1893 (Brit. Issue): 30 Chinese 5% Gold Bonds, +-1926-47----
LONDON METALS
TiD.
EXCHANGE
London, Sept. 13 (Reuter).
Standard, Cash, Middle
Price, £243-1/4.
Tin, Standard, 3 months, Middle Price, £246-3/4.
Market dull,
1939/40 High Low Dow 152.80 111.84 30 29.67 22.16 20
20.45 18.03 20 30.81 83.08 40 84.07 48.74 11
INDO-CHINA
2
(Red
Jap. 6% Ster. Loan, 1924 33 Ger, 1% Intl. Loan, 1924 5 Chartered Bank..... HK. & S'hai Bank (Ldn.
Reg.j
671
HK. & S'hal Bank (Col.
Ileg)
72
Chinese- Eng-di-Mining
(bearer)
.15
44
Chosen Corporation
4
Pekin Syndicate ..........
B'hal Elec. Constr. Co. ... 15
6'hai Waterworks “A”
Union Insurance ...
13A 20
TO
Chin. 41% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan.”
1912
Chinese 5% Reorg, Loan
1913 (Lán. [5.) Chinese 8% Ster. Notea,
1925 (Vickersa) Chin. Imperial Rly. 5%
ལ ་ ༣
Gula Kalumpong Rubber 13/0
|B.-A. Tob. (bearer)
76/3
Mercantile Bank
38
Dunlop Rubber
Bristol Aeroplane
11-1/16 28 ទ
Imperial Chemical Ind. 25/7
$12
United Steel
-17/
Woolworths
55/9
11
Marsman Investments
8/9
Western Holdings ..... .9 Sub-Nigel
157/6
Loane Ronan Rly, 5% Bukuang Rly. 5%, 1011...
(L.P. N/Y Issue) Hukuang Rly. 5%, 1911
1.German Tasuc) Lung Tsing & U. Hal
Rly. 5% 1013 |5′hal-N'King Kly. 5%
Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Off-Tientsin-Pukow Rly. 5% (German Stpd.) 'Tientsiri-Pukow Rly. 5%
(Brit. Stpd. Supi Loan) 6 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl Loan)
BOMBAY SILVER Bombay, Sept. 14 (Reuter), Market-Qulet but steady. take 25 bata.
Indian Mint Silver
Ready Sept. 25 Settlement Oct, 23 Settlement
63-01
63-01
63-02
Shell Trans, & Trad.
(bearer).stripsarunade 36/104. Nat Defence Bonds; 3% 1014
| Londen-Midlands-Scot-
tish,3%
114
Great Western Rail-
way, 3%...
28
Nat. Bank of India. 3%
244
t—ex-dividenia
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA ASAN" INTERNATIONAL EXCHANGE
BANK
STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL $40.000,00.00
Operating Services for Cargo and Passengers
+
SWATÓW, SHANGĦAL 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 paasongers aud cargo are landed.
For further particulara
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE:OKIL GENERAL MANAGERS:
(BEANCERS ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend o our Clients special facilities for Domestic and Foreign Banking and Exchange
Head Office:—SHANGHAI Hong Kong Branch,
4, QUEEN'S BOAD,
South China Offers:
CANTON
SWATOW
SHLUCHOW..
KONGMOON TUISHAN
KINGCHOW
We also handle the issue of Bonda and other Publin Funds of the Chinese Government both at Home and Abroad
SHOUJ CHEN.
Managir
Standard Oll of California
181*.
101
Standard Of of N.J.
34+
741
Stone & Webster
74*
157
"Stüdebaker · Comp
8*
Swift International
18
30+
Technicolor
10*
349*
"TeXES" CorpLL... ...........
351
51
Texes Gulf Sulphur
31*
623
Timken-Axle
251
71
Trans-America Co.
43"
351
20th Cent. Fox.
6.
141*
Urilon Bag & Paper Corp. 111
473
Union Carbide & Carbon
713
33
Union Pacifte .....
831
47
United Aircraft
39.
11.
United Airlines Trans ......
15ł
117
United Corpn.
.13
13.
United Corpn. $3 cum pi. 364
121
United Cas Corpn.
11
52*
7!
151
United Gas Improvement 118 U.S., Industrual Alcohol. -. 181*
14
..
U.S. Rubber
22
251
US Rubber $8 pid.
$4.
201
U.S. Steel
57*
103*
Vanadium
541
80+*
Vultee Aircraft
301
46
Walworth Co
21
282
Warner Bros. Pict........
41.
144
Westinghouse Elec,
21
24*
Woodward Iron Cor.
1031
"271
Chase National Bank
281
38
National City Bank
402
U.S. Smelting
281* 231.
274
bid
t-en, div.
Jones Averages Sept. 13 Industrials Rails Utilities Bonda
127.74
27,70
21.00
21.75 21.84 21.79
88,87
Commodity Index
51.11
28.91 51.18
.04 ap
DOW JONES "AVERAGE
Sept. 15, 1940. .High Low Close
128,50 127.81 129.38 27,87 27.74 27.84
Change .64 up
.14 up
Haiphong (Johore) Tientsin
Peiping Yokobama
Penang
MEDON
NEW YORK
PRIPING
(Peking).
TSINGTAO
TOKOHAMA
FORE.ON EXCHANGE Bad General Banking Business transacted.
CURRENT Accum opened and FIXED DEPOSITE received "for One Year or shorter periods in Local or Other Currencies at rates 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 CORBENCY and Fixan Deposits on application. received for one year or shorter periods in Local and other Cur- undertakes Extentor and Trustee rencies on terms which will be business, and claims recovery ot
ALSO up to date SAFE DEPOSIT Boxes in various sizes To Las Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the an is conducted by the HONGKONG SHANGHAI BANKING 008. PORATION. Rules may be obtain ed on application,
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 8th Feb., 1838,
THE CHASE BANK
16, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STEMET,
NEW YORK An American Bank offering com plete Foreign Banking Bervior in the principal Markets of the .world.
D. M. BIGGAR,
Second Vice Pres
Alol
Consult
.07 ap WANT
The Bank's Head Office in London
British Income Tax overpaid, on terms 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 5,598,800.00 Reserve and Undivided
Profts
.2,43,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors: · SHOPSON Oнow, Chairman
Li Koon Chun, Esq. Li Lan Sang, Eag P. K. Kwok, Esq. Wong Cha Son, Esq. Wong Tan Tong, Esq. Han Ting Po, Baq." Chan Ching Shok, aq. Fang Ping Wah Eag RAN TONG PG, Esq, Chief Manager LI TS FoxG, Esq., Manager
Branches and Agencies:-
Karkloce Penang
Blagaporn London Bangoda Borshaya Mills. Baigon Bwatow Melbourne Ban Frin Sydney Jaka
New York Beattle
Parke
Piping
Cisco Tiantain
correr
Being Soanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Loual Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Onr rencies on terms which will be quoted on application
SAFE DEPOSIT BOXES TO Lær.
KAN TONG PO,
Chief Manager.
Kowloon San
Kuala
Francisco
Lumpur Shanghai
HAIPHONG MAMBURO BANKOW
London
Singapore
Lyons
Sourabaya
Sungei
Patani
Swatow
Mukden Tokyo
New York Tsingtao
quoted on application.
Bank
"SI
Interest Rates on Application.
Mazoy
Batavia Bombay
SAFE DEPOSIT BOXES ·
Calentia
Haiphong
This Bank is entirely owned by
CHASE THE
NATIONAL BANT NEW YORK, with Resources of oval 17.8.$2,000,000,000,
melalu
Kabe
.05 up
Business Done:--170,000 shares
ADS