• Saigon
Batavia 'Kowloos .. San
Oslcatta Lumpur
HAMBURG
Francisce HAIPHONG Shanghai HANKOW Singapore
Yokohama
NEW YORK PRIPING
(Peking)
FOREIGN EXCHANGE and General Banting Business transacted
CURRENT Accourts opened and FIXED DEPOSIT received fox One Year or shorter periods in Losal or Other Currencies at rates which will be quoted on application
Adams Express
Alleghany Steel Co.
410
Allis Chalmers
Aluminium Ltd.
52 3/4
Amer, Can
NEW YORK, Sept. 17. 1940.
100
Sept. 17
American Cyanamid B....
SINGAPORE RUBBER
SPOT
OCT.-DEC.
JAN.-MAR.
36-5/8 35-1/8
Previous
Close Opening Closing" Change Buyers Buyers 37-5/8 37-3/4 37-3/8 -38-3/4 36-3/8 35-1/4 35-1/4
Amer, & Foreign Power
Amer & Foreign $7 pf......
Amer. Locomotive
off.1/4
off 1/4 up 1/8
Amer, Metals Co., tô mga
Amer. Radiator.....
Amer. Rolling Mill
**** 41 1/8*
The market was quiet.
LONDON RUBBER
.
Amer, Sting and Ring Co.
SPOT
buyers 12
Previous close Today's close
buyers"
Amer, Sugar Redning
Change
Amer. Tel, & Tel
12
unch.
Amer. Tobacco “B”
OCTOBER
12
12
unch.
Amer, Waterworks
NOVEMBER
12
12
unch.
95 3/4
JAN,-MAR.
APRIL-JUNE
11-15/18 11-11/18"
11-7/8 11-3/4-
off 1/18
Anaconda Copper Atchison, T. & 8. Fe
up 1/16
44.
......... 149 1/3
1/5.1/2
23 1/2
Chicago Wheat, Dec.
9.29/30
9.19 N
{
"
}
9.15/15
C
>
...... 8.98 N
{
8.78/78
9.81. N..
Qulet. A small business
.19.025
18.906
18.90b
On demand ... On Sterling Notes:-
Bank Buying Rate Bar Bliver per oz. ....
Market Report
FROM ROZA BROS.
The market was quiet.
NEW-YORK COTTON: The-underlying effect of the Loan, favour- able textile reports and the strength of securities all contributed to today's advance. Spots were in good demand. NEW YORK RUBBER: There was some
dealers hedging against shipment purchases. The market was, otherwise, quiet. CHICAGO WHEAT: Mills and cash interests, bought on the continu- ed strength of the cash markets. The United Kingdon is re- ported to be a good buyer of Canadian wheat.
Change, up .99.
The price for Ready Silver drop-NEW YORK STOCKS: Previous close, 129.44; Today's close, 130.43; ped 1/4 yesterday to 23.1/8 but the Forward rate rose 1/16 to 23.3/8. Silver advices reported the mar ket as being steady with a small! business done. American Silver was quoted at. 343/4 fox Spot.
The London-New York CTOSS-
NEW YORK COMMODITY MARKET
rate was quoted at 402-1/2. New New York Cotton, Dec. York-London was quoted at 404.
MARKET
Steady but dull.
STERLING
There were sellers at 1/3 for near and forward, buyers at 1/3.- 1/32 for any delivery.
US. DOLLARS
New York Rubber. Dec. ...........
Chicago Corn, Dec.
New York Hides, Dec.
NEW YORK COTTON Close Oct. (New contract) ... 9.34/34 December { January
A small business was done at March 227/16 for September delivery. May. The market closed with sellers at July 22.3/8 for near and 22.7/16 for the Spot end of October, buyers at 22.1/2 for near and forward.
SHANGHAI DOLLARS
Prev. Today's High Low Close Close Change 9.34 0,30 9.20 9.33 .04 up 19.04
19.02b 19.03 19,00
.01 ap 768 77+
77. } up 781 56 $51 551 551 off 9.92 9.75
9,75 9.70
Total sales Monday:-78,300 bales.
NEW YORK RUBBER was December
done early in the morning at 423.- January 1/2 but later the rate receded to March
· Barber Asphalt Co. Barnsdall Ol
Bendix Aviation Bethlehem Steel BILss & Co.
Briggs Mig.............
Aviation Corp........ Baldwin Lecometive Baltimore & Ohio
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
"
EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 18, 1940.
On London:-
Telegraphic Transfer. 1/37/3 Bank Bills, on demand 1/2 7/8 Credits. 4 monthur sight, 1/3 1/2
On Shanghai:
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:
Telegraphic
Transfer. Jag 1/9
and demand .......
On New York:-
Bank Bilis, on demand 29
Credits, 60 days' dight 22 7/8
On demand
Bank Bills, on demand 1085 ... Credits 4-months sighs-1180-
On Batavia-
On Paris:-
On Saigon:--
On demand
On Manila:-
On demand
On Bangkok:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW:
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 18, 1940..
THURSDAY SEPTEMBER 19, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
J. K. Bousfield, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,
38, Bishopsgate E.C.S. Sub-Agencies In London:
117/129, Leadenhall Street, E.C
West End Branch:
14/18, Cookspur Street, S.W.1
Manchester Branch::
69, Mosley Street, Manchester, 2 AGENCIES AND BRANCHES
ALOE STAR AMRITSAR BANGKOK
| BATAVIA
BARNIN
HONG KONG, HANGOON ILOILO LPOX KARACHI
BOMBAY CALCUTTA
AGENCIES
KLANG
PENANG
·BAIGON
SABEMBAN
SHANGHAI
SINGAPORA
BITIAWAN
BOURABAYA
Sir Vandeleur M. Grayburn, . *.
OLAVE BIDENT
KOBS
KUALA Chief Manager.
Fix PLACE CANTOX
"LUMPUR- TAIPING
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised. Capital................. 850,000,000
East Sale
STOCKS
Last Sale
'Sept. 17
Sept, 17
deserve Liability of
Proprietors
Issued & Fully Paid-Up 120,000,000 Incorporated by Royal Charter, 1888
Reserve Funda:
Paid-Up Capital Sterling $ 6,500,000 Reserve Fund ....... ILK. Currency Reserve $10,000,000 Reserve Liability of Pro-
£3,000,000 £3,000,000
prietors
,820,000,000
9,000,000
5#
Loew's Inc.
HEAD OFFICE: LONDON:
281
213
Loft Incorperated:
21
33+
Mack Truck Inc.
23+
83
Martin, Glen 14 .......
31+
971
McKesson & Robbins, pfd. 211
Head Omee:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
334
Montgomery Ward
40
· 11.
M'tain City Copper Co.
31.
16
National "Aviation
10*
14
Nat, Dairy Products
131
16
National Distillers
207
7
National Lead
171
G. Miskin, Esq.;__
111
Nat, Power & Light
.7%
K. S. Morrison, Esq.,
391
National Supply. Corp.
53
T. E. Pearce, Esq.,
13
New York Cential...
141
C. C. Roberta, Esq.,
162+
Niagara Hudson Power
44
Hon. Mr. A. L. Shield,
N. American Aviation.
17
87
North American Cas
19
217
Northern Paviac
· 161
Owens-Illinois Glass Co. ***
531
Branches:
CAWNPORN
KUCHING
4:
17
Pacific Gas & Elec.........
294
Amoy
Jobore. Rangoon
CERT
MADRAS
351
Packard Motors
32
Bangkok Kobe
COLOMBO
MANILA
44
Pan-American Airways
148
DELHI.
MIDAS
TIENTBEN
TONGKAR
THINGTAO
(Bhuket)
--10*
Paramount Pictures"
---
Bombay-Kuala
YOKOHAMA
8
Pennsylvania .R.R
211
304
Philadelphia Read, Con
Canton London
781
Phillips Petroleum
361
ChefooLyons
Sourabays
Colombo Malacca
141
Public Service of NJ,
351
Sungel
Dairen Manila
Boeing Airplane b.
16
Pullman Inc.........................
20
Muar
Borg-Warner'........
177
Pure Oll
71
227
Radio Corpn. of Am. .....
4*
Bankow
Mukden
Budd "M'facturing Corp.
4
Reading Company, Com. 134
Harbin
Canadian Pacific R’way
"37
Case, JI
..50
Celanese
29
Remington Arms Co., Inc. 48" Republie Aviation Corp. ...·· 51 Republic Steel
(loilo
Foochow Haiphong (Johore) Tientsin.
Tokyo New York Tsingtao Peiping
Patani Swatow
Ipoh Penang
171
Chesapeake & Ohio
401
CURRENT
Revere Corp........
ទ
Chrysler Corpn.
77
Reynold Tobac.. "B"
35+
(REUTER'S SERVICE)
Columbia Gas & Elec. ..............
51
Safeway Stores
45-1/5
Commercial Credit Co.
314
Schenley Distillera
101
Com, & Southern (Ord.)
11
Sears Roebuck
811
Consolidated Edison
261
Shell Union. Of
€8.
Consolidated 01 "...........
61
Socony-Vacunum Of ...
9
Continental Can
39
Southern Pacific
睡
་་་
Continental Oll
18,
Southern Rly $5 pfd
201
►
Copperweld Steel
181
Spicer Manufacturing Co. 32
.05 up
Curtiss Wright (C.)
773
Standard Brands
***** et
Opening
Closing
Change
Curtiss Wright "A"
281
Stand Gas & Elec......
13*
9.35/35
9.37/37
.03 up
Deere & Co."
178.
Standard Oll of California 18)
9.30/30
9.33/34
-.04 up
Distillers Corpn. Seagrams
17.
Standard Oil of N.J.
35
9.20a
9.24n
05 up
Douglas Aircraft
754
Stone & Webster
B
9.15b/176
9.24/24
.09 up
Du Pont de Nemours
1701
Studebaker Com
77
9.00/00 8.80/80
9.05/06
07: up
Eagle Picher Lead
81
Swift International
18
8.84/86
.06 up
'Eaton Mfg. C .....
9.61n"
tirich.
~ Elec, Autolite su Alumine: 1272.
Technicolor.
Texas Corpn."
10*
354
Hec. Bond & Share
54
Texes Gulf Sulphur
32
Elec. Bond & Share $5 pf.
62}* *
Timken-Axle
261,
19.02/00
unquoted
421 sellers for Spot.
May..
18.84b
18.91b/93a 13.90b
19.03/03. 18.97 18.95/85 18.79b
,01 up
Elec, Bond & Share $6 pt. Elec. Power & Light $7 pr.
713
Frans-America Co.
4
361
20th Cent. Fox..
B
.01 -off
153
Union Bag & Paper Corp.
12:
.05 off
Gen. American" Trans
.... 471
Union Carbide & Carbon
72
.05 off
Gen. Electric
331
Union Pacifie
84
Gen. Motors
48
SHANGHAI MARKET
Total sales:-070 tons.
United Aircraft
401
Gen. Railway Signal
12*
United Airlines Trans
154
Quiet. There were sellers for CHICAGO" WHEAT Spot at 3.33/64 and U.S. Dollars at December 6.9/32 for Spot.
Gen. Tire & Rubber
121*
United Corpn
13
May
76/767 771/77
702/761 771/771
771/77 771/772
up
Glidden Co.
138**
United Corpn. $3 cum pf. 361
up
Goodrich (BF) ..
121
United Gas Corpn.
11
Shanghai Exchange
Shanghal, Sept. 19 (Reuter),
Official T.T. Rates
Monday's sales:-7,430,000 bushels. CHICAGO CORN
Goodrich $5 pf.
551b
Goodyear Tire & Co.
168
Great Northern Iran Ore
148
United Gas Improvement 112 US.. Industrual Alcohol, in: U.S. Rubber
10
227
September
621/821
621/623
off
Great Northern Rly, pfd.
261
US. Rubber 88 pfd,
801
December
557/551 354/552
May
587/57
Opening
551/55+ 567/56% 560/56+
i otz
Great Western. Bugar
201
VS. Smelting
58*
Interest Rates on Application..
off
Greyhound Corpn.
111
U.S. Steel
557
London
New York
0/3-1/2
WINNIPEG WHEAT
Hercules Powder Co,
es
801*
Vanadium
31
SAFE DEPOSIT BOXES
International Harvester
..
461
5-1/8
October
73ţa
Valtee Aircraft
82*
BOUSTRAS
738/731 73@a
unch
Int Nickel
271
Japan
India
Hongkong
21-3/4
Walworth Co.
NEY YORK HIDES
19-3/8N
Inter, Paper & Power:
142
Warner Bros. Pict;
23-1/4
December
March
9.70/70 9,82/82
·9,82/82 9.95/95
Sterling
9.75/75 9.90/90
.05 up
Int. Tel Tel
21
Westinghouse Elec.
¡08 up
Total sales for the day:-159 contracts.
Sellers
Opening
Closing
NY Official Silver
34-3/4
34-3/4
Kentecott Copper
Libbey-Owens-Ford
Lockheed Aircraft
284
Woodward Iron Cor.
1001 261*
Lakey Foundry & Mac.
30*
Glasa 414
Chase National Bank National City Bank
· 283*
237*
281
NY-London Cross Rate 4.04
Spot
4.04
Sept.
0/3-37/64 0/3-9/16
Oct.......
0/3-9/16 0/3-35/04
0/3-37/540/3-9/18
U.S. Dollars
Spot $5-9/32. $5-9/32
Sept....... 5-9/32
Oct..... 5-1/4 Market:-Dull, Qulet.
Calcutta Exchange
5-9/32 3-1/4
Calcutta, Sept. 17 (Reuter). TT. on Japan, 81-1/4.
India Rupee Paper
Bombay, Sept. 17′′ (Reuter) Govt. 31% Rupee, 90-0-0-
SILVER MARKET.
LONDON SILVEE
London, Sept. 17 (Reuter). Silver Little general buying. Business very small Market quiet ly steady. In the afternoon, the market was quietly steady,
Spot, 23-1/24.
Forward. 23-3/81.
BOMBAY SILVER Bombay, Sept. 17 (Beuter). Market-Steady. Offtake 25 baTE. Indian Mint Silver
82-11-6
Ready Bept, 25 Settlement .62-12 Oct 23 Bettlement 62-13
59
LONDON GOLD
London, Sept. 18, (Reuter) Bar Gold, Fine per oz, 168/-
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Sept. 17,
Tientsin-Pukow Rly. 5% The following quotations are the
(Brit, Stpd, Supl, Loan) 8 middle prices at the close of the Tientsin-Pukow Rly, 5% market in London. All quotations
(Ger. Stpd, Supl. Loan), 8 are subject to confirmation and no Jap. 6% Ster. Loan, 1924 responsibility is assumed for errors Ger. 7% Intl. Loan, 1929 54 în transmission.
Chartered Bank |H.K. & 'Shai Bank (Ldn.
Reg.)
Chinese 5% Reorg, Loan, 1913 (Lan. I) im
Reg)
|Chinésë, Engendo Addreiang
(bearers
Chosen Corporation
33
1940
1-ex, div.
DOW JONES AVERAGE
High Low Dow Jones Averages 182.80 111.64:30
39 67.92.16 20 20.45 18,03 20
90.61 83.06 40 64.07 48.74 11
Industrials Rails Utilities Bonds Commodity Index
Sept. 18, 1940, Sept. 16 High Low Close
129.44 130.89 189.44 130.43 28.0928.30 28.90 -23,28- 21.86 27.04 21.90 22:00 99.11.
Change
99 up
19. up
SAVINGS ACCOUNT also opened in Local Currency and Sterling with ACCOUNTS opened in interest: allowed at rates obtainable LOCAL CURRENCY and FIXED DErosite on spplication. received for one year or shorter
The Bank's Head Office in London periods in Local and other Car- undertakes Executor and Trustee rencies on terms which will busines, and claims recovery of British Income Tax overpaid, on
quoted on application.
Boxza in various sizes To Lax
Arso up to date SAFE DEPOSIT terms which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG.
SHANGHAI BANKING COB PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHINOHAI BANKING CORPORATION.
7. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
́HEAD OFFICE:
BANK OF EAST ASIA, LIMITED
Authorised Capital..............$10,000,000.00 Paid-Up Capital 5,598,600.00 Beserve and Undivided
Profits
14. 2, 193,231,58
Head Office:-HONG KONG No. 10 Des Voeux Lond, Central,
Board of Directors: SIR SHOUDS CHOW, Chairmass. Li Koon Chun, Esq› Li Lan Sang, Eeg. P. K. Krok, Esq., Wong Chu Son, Esq, Wong Yun Tong, Esq. Kan Ying Po, Esq. Chan, Oking Shot, Eaq. Fung Play Wah Eng KAN TONG Po, Esq., Chief Manager
Te Foxo, Esq., Manager
16, PINE STREET,
.. NEW YORK. An American Bank offering comLi plete Foreign Banking Servic in the principal Markets of th world.
This Bank is entirely owned by TER CMA NATIONAL BATE. NEW YORK, with Resources of ovul 1.8.89,900,000,000.
D. M. BIGGAB,
Bacond: Vion Prote
Ajob?
14 up WANT
89.34 .23 up 61.3718 up
61.19 0.
Business Done:-400,000 shares
INDO
ADS
CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CREFOO
and TIENTSIN
KORE and COSAKA"
SINGAPORE PENANG and CALCUTTA
8
67
War Loan, 34% (Red
after 1952) Canton-Kinoni Rly 50% Chinese 4% Gold Loan
1898 (Brit. Issue) Chinese 5% Gold Bonds.
1925-47. Chin. 41% Anglo-French.
Loan, 1908 Chinese 5% Crisp Loan.
1912
H.K. & Shal Bank (Col
101
30
Pekin: Syndicate
... 35
B'hal Elec, Constr. Co.
15
Shal Waterworks "A"
13
Union Insurance
ΤΟ
20
Gula Kalumpong Rubber 13/8 8.-A. Tob, (bearer)...... -77/8
Mercantile Bank
11-1/18
18
Dunlop Rubber,
28/11
Chinese 8% Ster. Notes.
Bristol Aeroplane
8/9
1925 (Vickers)
Imperial Chemical - Ind. ...20
Chin. Imperial "Rly, 5%
United Steel
and
17/3
Loan
38
Woolworths
55/9
Honan Ely, 5%
Marsman Investments:
8/9
Hukuang Rly, 5%, 1911...
Western Holdings
8/8
*\(LP.-N/X. Issue)
Sub-Nigel
157/6
Bukuang Rly 5%. 1911
German Issue).
Shell Trans Trad
(bearer)
30/3
For further perfionlars
Nat Defence Bonds, 3% 1011 London-Midlands-Scot
please apply to
tisit 3%
114
Great Western Rail-
WBY, 3%
281
Nat Bank of India, 3
243
1-Hex-dividend
Ling, Teink & U." Hai
Rly 5% 1913
Shal-N'King Fly 5% 12, Tientsin-Pakow Rly. 5%
(Brit. 8tpd.) Tientsin-Pukow "Fly, 5%
(German Stud.)....
SANDAKAN
HAIPHONG
All steamers borth alongside
the Roosevelt Terminals ing
the French Concamions5) Shanghai, where passsagere and cargo are landed
ARDINE MAT
ATHESONG HOME OZIL GENERAL MANAGERS
Branches and Agencies:--
Amgy Batavia Babay [Calentía" Haiphong Elankow Bocolatu Kobe
Bingapore London Bangoon Boursbara Mazda Balgon Swatow Melbourne San Frans Byday Negreska
New York
Pariz
Pelping
All clano Tiantan. Beattle.
Shanghai
Conver
Every description of Barking and Exchange business transacted. Loan 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 Cur rencies on terms which will be quoted on application.fin.
SAFE DEPOSIT Boxes To LET
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Bpecially Chartered by THE NATIONAL GOVERNMENT:
PEOF CHINA AS-AN
INTERNATIONAL EXCHANGE
PAID UP CAPITAL 40,000,000,00 (BRANCHES ALL OVER CHINA). Owing to our numerous Brannhem in Chins and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange,
Head Office: BHANGHAI Hong Kong Branch: QUEEN'S ROAD, C. South China Oess: UANTONY KONGMOON SWATOW TOISHAN SHIUCHOW KINGOHOW
We Also handia the issue of Bonds and other Publie Funde Chinens Government both at and "Abroad:
SHOU
Landgeri