STOCKS
Adams Express
Alleghany Steel Co.
605
Allis Chalmers
On Singapore:-
Aluminium Ltd,
On demand
59 3/4
Amer. Can
On Japan:-
American Cyanamid B.
Previous
Sept. 10
On demand
105
Amer. & Foreign Power
Close Opening Closing Change Buyers Buyers
Jn mdia:-
Amer&Foreign $7 pf.
37-1/2 37-1/2 37-5/8
up 18
Telegraphic Transfer, and demand
82 1/2
"Amer. Locomotive
Amer. Metals Co.
37-1/2 36-5/8 38-5/8 35-1/8 35-1/8
35-1/8
up 1/8 unch.
On New York:
Amer. Radiator
The market was steady but quiet..
LONDON RUBBER
Previous close Today's close
Bank Bills, on demand 21 7/8 Credits, 60 days' sight 22 3/4 On Eatavia :--
Amer. Rolling Mill
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE ́& CO.)
NEW YORK, Sept. 16, 1940.
SINGAPORE RUBBER
"
8 POT
OCT.-DEC.
JAN,-JUNE
MONEY AND EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 17, 1940.”-
On London:-
Telegraphic Transfer. 1/17/ Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3 1/2
On Shanghai:--
On demand.
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 17, 1940.
WEDNESDAY, SEPTEMBER 18, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital 860,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 facorporated by Royal Charter, 1823
Reserve Funds:
£6,500,000 Reserve Fund
Paid-Up Capital ......................£3,000,000
Sterling
.............. £8,000,000
H.K. Currency Reserve $10,000,000 Reserve Lability of Pro-
Reserve Liability of
Proprietors
prietors .$20,000,000
Head Office:-HONG KONG
Board of Directors:
H. V. Wilkinson, Esq.,
יי
Chairman. Hon. Mr. J. J. Paterson,
Dépity, Chairman, J. K. Bousfield, Esq., A. H. Compton, Esq.,
Hon. Mr. 3. H. Dodwell,
.....£3,000,000
HEAD, OFFICE: LONDON:
38, Bishopsgate E.0.1. Sub-Agencies In London: 117/122, Leadenhall Street, E.C
West End Branch: 14/16, Cockspur Street, S. WI
Manchester Branch:- 12, Mosley Street, Manchester, à
AGENCIES AND BEANCHES! ALOE STAR HAREIN
PENANG AMRITSAR HONG KONG BINGOON
Last Sale!
STOCKS
Last Sale
Sept, 16
Sept 10
5
Loew's Inc.
251
21..
Loft Incorperated
202
321
Mack Truck Inc.
221
80
Martin, Glen L
30%
McKesson & Robbins, pfc. 201*
35
Montgomery Ward
391
13*
M'taln City Copper Co.
31
15*
National Aviation....
97
13
Nat, Dairy Products
131
16*
National Distillers
211
7
National Lead
17
112
Nat, Fower & Light"
72
G. Miskin, Esq.,
Amer. Sting and R'ing Co. 39%
National Supply Corp.
K. S. Morrison, Esq.,
51
BANGKOK
Amer, Sugar Renning
13
T. E. Paarea, Esq.,
buyers
SPOT
OCTOBER
12-1/8
buyers 12
Change off 1/8
On demand
40 7/9
New York Central
145
Amer. Tel & Tel
163
C. C. Roberts, Esq.,
Niagara Budson Power
41.
On Paris:-
Amer. Tobacco."B"
78*
Hon. Mr. A. L. Shields,
N. American Aviation
12-3/16
12
off 3/18
NOVEMBER
.12-3/18
12
off 3/16
Bank Ellis, on demand 1085 Credits 4 months' sight 1180
131
Amer, Waterworks
81
North American Co.
184
Anaconda Copper
211
Northern Pacido"
Sir Fandeleur M. Grayburn,
Chief Manager.
-JAN-MAR
12-1/16. 11-13/16
11-15/16
of 1/8
On Saigon:
11-11/16
APRIL-JUNE
The market was nominal,
NEW YORK COTTON: Narrow fluctuations likely continue for some time but we strongly believe July around ten ̈maturity. —
NEW YORK RUBBER: Any decline is expected to meet with Government buying.
CHICAGO WHEAT! There was a persistent milling demand and
there are indications of a stronger cash situation due to the large Shanghai Exchange
diversion to the Loan Prices were firm.
NEW YORK STOCKS: Previous close. 128.38: Today's close, 129.44; Change, up 1.06.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Shanghai, Sept. 17 (Reuter).
oft 1/8
On demand
01 1/4
Atchison, T. &-8-Pe
161
Owens-Illmōls Gints Co.
537
Branches:
Aviation Corp.
41.
Pactic Gas & Elec
294
Jn Manila:—,
Baldwin Lecometive
*143
On demand
......43 3/4
Packard Motors
31.
Amoy
Johore
い
Baltimore & Ohio
41
Bangkok Kobe
Pan-American Airways
141
On Bangkok:-
Batavia
cents
before
On demand On Sterling Notes:-
Bank Buying Rate Bar Silver per..02, .....................
................ 149 1/2
Harber Asphalt Co.
104*
Kowloon
Paramount Pictures
61
Barnsdall. Ou....
8
Bombay Kuala
Pennsylvania RR
21+
Bendix Aviation
301
1/6 1/2 23 33
Philadelphia Read, Coal
Canton
Bethlehem Steel
77.
| Phillips Petroleum
36
Chefoo
11
Bliss & Co.
14*
Public Service of NJ,
34**
Colombo
Malacen
Sungei
Boeing Airplane Co. Borg-Warner
16
Pullman Inc......
20
Dsiren
Manila
1721
Foochow
Pure Ou
7+
Muar
Swatow
Briggs: Mig. ..........................
22
Radio Corpn. of Am.
43
Haiphong
Budd M'facturing Corp. Canadian Pacific 'way
4
Bankow
Reading Company.
Com
131*
Harbio
-31
Official T.T, Rates
Remington Arms Co., Inc.
42*
Iloilo
Opening
Case, JI
50
Republic Aviation Corp.
SA
Ipoh
London
0/3-1/2
Celacese
28++
Republic Steel
17
New York
5-1/8
Chesapeake & Ohlo
404
Revere Corp.
9*
Japan
21-3/4
Chrysler Corpn. ........”
753
Reynold Tabac. "B"
351
Prev. Today's
India
19-3/8N
Columbia Gas & Mec,
51.
Safeway Stores
441
"New York Cotton, Dec..
New York Rubber, Dec.
19.00
Chicago Wheat, Dec.
771
Chicago Corn, Dec. New York Hides, Dec.
High Low Close Close Change 9.33 9.26 9.25 9.29 :04 up 19.00 18.95b 19.02b 07 up
76 761 761
up 571 554 561b 551 1 off 9.75 9.60 0.50b
9.70 20 up
Hongkong
23-1/4
Commercial Credit Co.
311
Schenley Distillers
10
Com, & Southern (Ord.)
12
Bears Roebuck
81
Sterling
Consolidated Edison
27
Shell Unton Ol
9
Sellers
Consolidated Of
61
Socony-Vacunum Oil
&1
Spot Sept.
NEW YORK COTTON Oct. (New contract) December January (
Close
Opening
Closing
Change
Oct,
9.31/31
9,25/26
9.32/32 9.26/26
9.34/34
.03 up
}
9.15 N
unquoted
9.29/30 0.19
04 up
.04' up
Spot
Closing Opening 0/3-37/64 0/3-9/16 0/3-37/64 0/5-9/16.... 0/3-9/16 0/3-35/64 U.S. Dollars
$5-9/32 $5-9/32
Continental Can
394
Southern Pacific
9
Continental Oll
18+
Southern Rly $5 pid..
20
Copperweld Steel
18
Spicer Manufacturing Co. 31*
Curtise Wright (C.)
72
Standard. Brands
64-
Curtiss-Wright "A"
257
Stand Gas & Elec...........
14*
Deere & Co. ....
161
Standard Oil of California
184
March
f
9.11/11
9.09/09
9.15/15
.04 up
May
{
8.92/92
8.91/91
8.981.
Sept. ****** 5-9/32
Distillers Corpn. Seagrams
167
Standard' Off of NJ.
346
5-9/32
Douglas. Aircraft
741
Stone & Webster
74
.06 up
Oct...
5-1/4
5-1/4
Du Pont de Nemours
1691
Studebaker Com
77
July
8.72/72
3.71b/
Spot
9.61 N
-8.78/73
9.61h
06 up unch.
Total sales Saturday:--34,600 bales.
NEW YORK RUBBER
December
January
March
May
18.95b
18.96b
18,89b
unquoted
18.78b
18.80b/90a
"19.02b 18.98b 18:90b
.07 up
.09 up
Market Dutt, Quiet,
Today's silver Duty Rate
The Central Bank of China's rate on London at 10 a.m. today was 1/2-1/2d.
Eagle Picher Lead
B
Swift International
171
Eaton Mfg. Co.
32
Technicolor
10
Elec. Autolite
351
Texas Corpn.
354
Elec Bond & Share
51
Texes Gulf Sulphur
314
Elec. Bond & Share $5 pt.
621*
Timken-Axle
201
.12 up
18.72b
unquoted
18.84b
.12 up
The Equalisation rate was 24 per cent.
Elec Bond & Share $8 pt.
71*
Trans-America . Co.
43
Elec. Power & Light $7 pt.
36
20th Cent. Fox
6*
Hong Kong. 25th Feb., 1930.
Flintkote in n
147
Union Bag & Paper Corp.
12
Total sales:- 250 tons.
Gen. American Trans.
461*
Union Carbide, & Carbon
721.
761/762
761/761
Saturday's sales:-3,405,000 bushels.
unquoted
CHICAGO WHEAT
December
May.
CHICAGO CORN
+
September
63a
620/621
1 off
December
May
561b 571b
567/564 577/577-
551/551
1 OFF
56% 57
WINNIFEG
WHEAT
October
731
732/732
7340
NEY YORK HIDES December
March
9.500. 9.68/68
.9,60/62
9.70/70
9.83/83
9.82/82
NY Official Silver
34-3/4 4.04
Calcutta Exchance
Gen. Mectric
33
Union Pacific
831
763/77
774/773
781/762 776/77
1 up
i up
Calcutta, Sept. 16 (Reuter). T.T. on Japan, 81-1/4..
Gen: "Motors
471
THE CHASE BANK
United Aircraft
391
Gen. Rallway Signal
121
United Airlines Trans
157
15, QUEEN'S ROAD, CENTRA¡
Gen. Tire & Rubber
121
United Corpn.
19
Glidden Co.
131
Middle
Total sales for the day:--72 contracts.
NY-London Cross Rate 4.03-3/4
LONDON STOCK
EXCHANGE
(REUTER'S. SERVICE}
London, Sept. 16. 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% (Red
after 1952)
? off
unch.
,20 up "..14 up
LONDON METALS
Tin,
EXCHANGE
London, Sept. 16. (Reuter)..
Standard, Cash,
Price, £239-1/2...
Tin. Standard, 3 months," Middle Market steady at the decline. Price, £243-3/4.
Ger. Stpd. Supl. Loan) & Jap. 8% Ster. Loan, 1924 321 Ger, 7% Intl. Loan. 1924 54 Chartered Bank
India Rupee Paper
Bombay. Sept 16 (Reuter). Govt, 34% Rupee, 90-02-0..
SILVER MARKET
LONDON SILVER
London, Sept. 16. (Reuter). Silver-Negligible business. Mar- ket very quiet. In the afternoon. the market was quietly steady.
Spot, 23-3/8d.
Forward, 23-5/16d.
BOMBAY SILVER
Bombay, Sept. 16 (Reuter),
Oftake 25 bars.
Market--Easy.
Indian Mint Silver
·62-10 82-11
Ready Sept. 25 Settlement Oct. 23 Stttlement ... 62-11-08
LONDON GOLD
London, Sept. 18. (Reuter). Bar Gold Fine per oz. 1881-
Lakey Foundry & Mac, Libbey-Owens-Ford Lockheed Aircraft
1940
DOW JONES AVERAGE
High Low Dow Jones Averages Sept. 14. 152.80 111.84 30 Industrials
32 67 22.16 20 Rails 26.40 18.03 20. Utilities".. 90.61 83.06 40 Bonds" 81.07 48.74 11
Commodity Index
נד
United Corpn. $3 cum pf. 36)
Goodrich (B.F.)
121
United Gas. Corpn.
1
Goodrich $5 pf.
56
United
Gas Improvement 111
Goodyear Tire & Co.
16-
US., Industrual Alcohol ... 18*
Great Northern Iron Ore .. *14*
UA. Rubber
224
Great Northern Rly, pfd;
23
US. Rubber 38 pid,
86+
Great Western Sugar
20+
U.S. Smelting.......
571
Greyhound Corpa,
Interest Rates on Application.
Rosgood Saigon San
Francisco Calcutta Lumpur Shanghai London Singapore Lyons Sourabaya
Patani
(Jobore) Tientsin Mukden Tokyo New York Tsingtao Peiping Yokohama
Penang
BANKOW (Peking)
FORE.ON EXCHANGE and General Banking Business transacted.
CURRENT ACCOURTS cpened and FIXED DEPOSITS received for One Year or shorter periods in Loest-or Other Currencies at rates » which will be quoted on application.
SAVINGS ACCOUNTS also opened ip Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at ratas obtainable LOCAL CURRINCT and Fix Diarys on application.
received for one year or aborter The Bank's Head Office in London periods in Local and other Cur undertaken Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
ALSO up to date Sare DEFOSIT terme which may be ascertained at BOXES in various-sizes To Lar
Hong Kong. 28th February, 1940. any of the Agencies and Branches.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG
SHANGHAL BANKING COR PORATION. Bules may be obtain-| ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
· HEAD OFFICE:
18, PINE STRENT,
NEW YORK An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world.
R. A. CAMIDGE,
Manager,
BANK OF EAST ASIA, LIVITTED
Authorized Capital......$10,000,000.00" Paid-Up Capital 5,598,600.00 Reserve and Undivided
Profits
2................2, 183, 261.50
Head Office:--HONG KONG No. 10 Des Voeux Road, Central, Board of Directors:
SIE SHOTION CHOW, Chairman Li Koon Chan, Esq. Li Lan Sang, Eag P. K. Kwak, Esq.
Wong Cha Son, Esq. Wong Tun Tong, Esq. Kan Ying Po, Kag Chan Ching Shok, Kaq, Fung Ping Wah Esq KAN TUNG Po, Esa, Chief Manager Li Te FONG, Esq., Manager
Amoy Batavia
Branches and Agencies: -
Koro Репалс
Singapore
BATAVIA BOMBAY
JALOUTTA
→IZOIEN
-BAIGON
LIGH TABACHI
BIBIMBAR
SHANGHAI
SINGAPORE
SITIAWAN
SOURABAYA
BLANG
AGENCIES: KOB
CLIVE STEET
PALIN E KUALA -CkIFTON-FEMPER
CAWNFORE KUCHING
MADRAS
TIPINO
TIENTHIN
WED COLOMBO
TONGEAB
MINTEA
(Bhuket)
DELTU
MEDAN
TRINGTAO
HAIPHONG
HAMBURG
NEW YORK PEIPING
TUKOHAM
**
113
U.6. Steel
547
Hercules Powder Co.
80
Vanadium
31
SAFE DEPOSIT BOXES
International Harvester
461
Vultee Aircraft
81
Int Nickel...
27
Walworth Co..
4)
Inter. Paper & Power int, Tel. & Tel.
148
Warner Bros. Pict
21
Westinghouse Elec.
1044
Kenmecott Copper
231
Woodward Iron Cor.
26+
3$*
Glass 411
Chase National Bank. National City "Bank
281* 231*
277
-bid.
t-ex, div.
This Bank is entirely owned by THE CHABE NATIONAL · ·BANK- NEW YORK; with Besources' of gef} U.S.$7,900,000,000,-.
D. M. BIGGAR,
Second Vice Pris
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street, London, EC.3
Semarang
Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter periods in Local and Foreign Car- rencies on terms which will he quoted on application.
SASK CEPOSIT Boxes To LET.
KAN TONG PO
Chief Manager.
Loudo Bangorms
Saurabays
Bombay
"Kantla Malpan
Bwałow
Oslaptia
Melbourne San Fran. Sydney
Haiphong
Nagina
alace Textin
Hankow
New York
Beattie
Coutur
Honolulu
Paris
Sabe
Pepin
£3,000,000
41,800,000
€1,060,000
£1,254,042
#Sept. 17, 1940.
128.38
High Low Close 130.04 128.88 129,44
Change
1.06 up
Authoriand Capital.
27.34.
28.25 28.04 28.09
.25 up
Babecribed Capital
21.72
21.00 21.73 21.86
.14 up
Paid-up Capital
Kemerve and and Rest,
68.91
89.11
to up
51.18
51:19
,03 up
Business Done: 290,000 shares
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
Operating Services for Cargo and Fassengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
£
61;
4
101
Danton-K'loon Rly. 5%- 7
HK. & S'hal Bank (Ldn.
Reg.)
67
Chinese 41% Gold Loan
HK. & Shai Bank (Col.
1898 (Brit. Issued
30
Regi
Chinese 6% Gold Bonds,
1925-47
34
Chinese Eng & Mining
(bearer)
15
Chin. 47% Anglo-French
Chosen Corporation
Loan, 1900
.44
Pekin Syndicate......
2
Chinese 5% Crisp Loan,
-
Shal Elec. Cantz. Co. ...
15
1912-
12
S'hai Waterworks "A".
131
Chinese, 5% Reorg, Loan.
1913 (Edn. Is.).......... Chinese 8% Ster. Noter.
Union Insurance.
20
TO-
18
Gula Kalumpang Rubber 13/9
B.-A. Tob. (bearer)
76/3
1925 (Vickers)
103:
g
Mercantile Bank
Chin Imperial Rly. 5%
Dunlop Rubber*.
11-1/16" 27/9
Loan ................
38
Bristol Aeroplane
9/14
Henan Rly, 5%
9
Imperial Chemical Ind. 25/3
Hukuang Rly. 5%, 1911...
United Steel
17/"
(LP. N/Y Issue)
12
Woolworths
55/9
Hukuang Rly 5%, 1911
Marsman Investments
8/9
(German Issue)
11
Western Holdings.
8/9
Lung Taing & U. Hai
Sub-Nigel
157/6
Rly. 5% 1013.....
8
Shell Trans.
& Trad.
6'hal-N'King Rly. 5%
12
bearer)
36/3
Tientsin-Pukow Rly. 5%
Brit. Stpd.) an Tientsin-Pakow Ely 5%
(German Stpd.) Tientsin-Pukow Rly. 5% (Brit.Etpd. Supl. Loan) Tientsin-Pukow. Rly, 5%
tish. 3%
124
Great Western
Rall-
way, 3%A Nat. Bank of India. 3%
28
24
tex-dividend
Nat Defence Bonds, 3% 1011. London-Midlands-Scot-
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Conomion BL
Shanghai, where passengers and cargo are landed.
For further particulars
please apply to-
BANKERS:
The Bank of England and Midland
Bank, Ltd. BRANCHE:
Bangkok Ipak Bombay
| Calcutta
Colomba Dalat Galle
Kangkong
Ja
Kuantan Kandy Kazachi
Kule Trengganu Madras
New York
Penang
Ban hàn
Kota Bharu
Shanghai
Kania Lipis
MOWTEL J Kuala Lumpar Slugspora "HONG KONG BRANCH: Every: description of Banking and Embarge (baritone transacted.
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
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 OVER CHINA) Owing to our numerous Branches in China and connections in the the World, we are able to extend grincipal Commercial Centres of Quran) & STERLING on tema that may be to our Cliente special facilities for Domestic and Foreign Banking and Exchange, p
JURBERT ACCOUNTS apezed in Local Or ready and PIXED DEPOSrts received in Local apertatel on apy Jention.
D. BENSON,
What do
Kangar
you want ?
If there is anything you want to buy or sell, try а smill Classified advertise- ment in the "Hong- kong Dally Press.
JARDINE MATHESON&Co.,LTD. 25 worde $1.50 prepaid
TELEPHONE SOJIL GENERAL MANAGERS
for 3 insertions.
Head Office:-SHANGHAI Hong Kong Branch:
4 QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW BHIUCHOW
KONGMOON TOISHAN
KINGOHOW
We also handle the issue of Bonda and other Publis Funds of the Chinese Government hoth at Home and Abroad
SHOU CHEN
Manager.