STOCKS
Adams Express
Alleghany Steel Co.
Allis Chalmers
Aluminium Ltd.
413
Amer. Can
62 3/4 NEW YORK, Sept. 18, 1940.
American Oyanamid B.
1.
100
SINGAPORE RUBBER
3 POT
182 1/2
OCT.-DEC.
JAN.-MAR.
Sept. 18 Previous
Close Opening Closing Buyers Buyers 37-3/8
37-5/8 37-5/8
36-5/8 38-3/8 36-5/8 35-1/4 35-1/4 35-1/4
Amer. & Foreign Power
Change
Amer
Foreign $7 pt.
Amer, Locomotive
unch.
Amer. Metals Co...
Amer, Radiator
11
Amer. Rolling Mi
Amer. E'ting and Ring Co.
The market was quiet.
.LONDON RUBBER
Amer, "Sugar Redning
buyers
..... 41 3/8
Previous close Today's close
buyers
Amer. Tel, & Tel
Change
Amer. Tobacco "B" ...
12
Amer-Waterworks-,
OCTOBER
12
Anaconda Copper
NOVEMBER
12
Atchison, T. & 8, Fe.
JAN.-MAR.
On Saigon:-
On demand
APRIL-JUNE
11-7/8 11-3/4
Aviation Corp.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 19, 1940,
On London:-
Telegraphic Transfer. 1/97} › Bank Bs, on demand 1/4 7/4 Credits + montha' sight 1 3 1/2
On Shanghai:----
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:
99 9 9 9 9.9
Telegraphic Transfer.
and demand
On New York:
Bank Bills, on demand 22 1/8 Credits, 80 days' sight 23
On Batavia-
On demand
On Paris:-
Bank Bills, on demand 1085
Credits months' sight 1160.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
"(FROM PAYNE & CO.)
{
Unreceived
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 19, 1940.
FRIDAY, SEPTEMBER 20, 1940.
BANKS
HONGKONG® & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1888
Chairmusa. Hon. Mr. J. J. Paterson,
'Deputy Chairman.
39, Bishopsgate E.Ç.2 Sub-Agencies In London: 117/122, Leadenhall Street, E.C
West End Branch: 14/16, Cookspur Streck, 8.W1 Manchester Branch: 52, Mosley Street, Manchester, £
AGENCIES AND BRANCHES:
HARBIN
PINANG. HONG KONG, HANGOON
BOMBAY
ILOILO. (POE KARACHI CALOUTTA TLANG AGENCIES: KONK CLATZ SIRST ZEALA
Chief Manager. FELIX PLACY
SAIGON BIREMBAN SHANGHAY BINGAPORE SITIAWAN „SOURABANA..
LUMPUH TAIPING KUCHING
MADRAS
2
TIENTSIN
BANKING CORPORATION
Authorised Capital................. $50,000,000
Reserve Funds:
Sterling ...
Last Sale
STOCKS
Last Sale
· Kaanrve « LiabilityTM of
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Paid-Up Capital..... £6,500,000 Reserve Fund
£3,000,000
£3,000,000
Sept. 18
Sept. 18
Proprietorshi
.$20,000,000
prietors.....
£3,000,000
5#
Loew's Inc.
281.
HEAD OFFICE: LONDON:
221
Loft Incorperated
211
334
Mack Truck Ine.
23
83
Martin, Chen L
311
87
McKesson & Robbins, pfd. 213
"Bead Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
301
Montgomery Ward
401
11
M'tain City Copper Co.
$
154*
National Aviation
104
141
Nat, Dairy Products
131
J. E. Bousfield, Esq.,
16*.
National Distillers
21
A. H. Compton, Esq,
Hon. Mr. S. H. Dodwell,
7
1
National Lead
17
G. Miskin, Esq.,
·ALOR STAR AMRITSAR
113
Nat, Power & Light
71
K. S. Morrison, Esq.,
39%
National Supply Corp.
54
T. E. Pearce, Esq.,
BANGKOK BATAVIA
134
New York. Cential
144
C. C. Roberts, Esq.,
1631
Niagara Hudson Power ...
++
Hon. Mr. A. L. Shields,
77
N. American Aviation
17
Sir Vandeleur M. Grayburn,
87
North American Co.
101
211
Northern Pacific
74
164
Owens-Illinois Glass Co.
543*
Branches:
41
Pacific Gas & Elec
291
Amoy
Jabore
96 1/4
Baldwin Lecometive
151
Packard Motors
31
Bangkok
Kobe
Rangoon Saigon
DANTON CAWNPORE CRU COLOMBO
TONGKAN
MANILA
On Manila:—”
On "demand
On Bangkok:--
On demand
On Sterling Noten:-
Bank Buying Rate
Bar Silver per oz. .....
Shanghai Exchange
Shanghai, Sept. 19"(Reuter).
Official T.T. Rates
44 1/4
149 1/2
1/5 1/2
buying in anticipation of a further tightening of "free" supplies. As from today, the Winnipeg minimum price for October is to be reduced to 70 cents. NEW YORK STOCKS: Previous close 130.43: Today's close, 131.28;
Change, up .85.
CHICAGO WHEAT: There was some new
Bendix Aviation
Bliss Co.
Baltimore & Ohio
41
Pan-American Airways.**
144
Batavia
Kowlogo San
DELEL
MIDAN"
(Bhuket)
TEINOTAÐ
Barber Asphalt Co. Barnsdall Of
10*
Paramount Pictures
61
Bombay
Kuala
Francisco
8.
Pennsylvania R.R.
211
Calcutta Lumpur
Shanghai
31)
Philadelphia. Read, Coal
Canton
'London
Singapore
Bethlehem Steel
79
Phillips Petroleum
381
Chefoo
Lyons
Sourabaya
141
Public Service of N.J..................
354
Colombo
Malacca
Sungei
Dairen
Manila
Patani
.23 7/18
Boeing Airplane Co.
181
Pullman Inc.............
201
་་་་་་་
Foochow
Muar
Swatow
Borg-Warner
18
Pure Ou
71
NEW YORK COMMODITY MARKET
(RELTER'S SERVICE)
Briggs Mfg.
221-
Radio Corpn. of Am
4#
Bankow
Mukden Tokyo
Budd M'facturing Corp.
41
Reading Company.
Com
13...
Harbin
New York
Canadian Pacific R'way!!
34
Remington Arms Co., Inc.
4**
Iloilo
Prev. Today's High Low Close Close Change
Case. I on
501
Republic Aviation Corp.
51
Ipob
Penang
Celanese
201
Republic Steel
173
Opening
London
New York
0/3-1/2
5-1/8
Japan
India
Hongkong
21-3/4
19-3/8N
New York Cotton. Dec. New York Ribber. Dec., Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec.
0.32 9.33 9.38
0.36
.03 up 19.05 19.00 19.03 19.00 .03 'off
Chesapeake & Ohio
401
CURRENT
Revere Corp.
***
Chrysler Corps.
774
Reynold Tobac. "B"
351
773 553" 9.85
763 55
771 77.
up
Columbla Gas & Elec.
5
Safeway Stores
4411
551
9.71
551 9.75" 9.85
up
Commercial Credit Co.
312
Schenley Distillers
101
.10 up
Com, & Southern (Ord.)
11
Sears Roebuck
81
quoted oa application.""
23-1/4
Sterling
Sellers
NEW YORK COTTON Oct. (New contract) December (
Close
Opening
Closing
Change
Consolidated Edison
271
Shell Union Oil
81
9.37/37
9.36/37
9.39/39
.02 up
Consolidated Off
61
Socony-Vacunum on
81
9.33/34.
9.33/33
Opening
Closing
January
}
9.24 N
unquoted
9.36/36 9.260
.03 up
Continental Can
394
Southern Pacific.
91
ALSO up to date SATE DEPOSIT BOXES in various sizes To Lat. Hong Kong. 28th February, 1940.
.02 up
Continental Oil
181
Southern Rly $5 prd.
204
Haiphong (Johore) Tientain
Tsingtao Peiping Yokohama
HAIPHONG ----YAW-YORK---- TOKOHAMA HAMBURG PRIPING
(Peking)
FOREIGN EXCHANOS and General. Banking Business transacted.
CURRENT ACCOUTS opened and FIXED DEPOSITS received for. One Year or shorter periods in Local or Other Currencies" at rates which will be quoted on application.
SAVINGS ACCOUNTA also opened in Local Currenty and Sterling with
ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENOY and FIXED DEFusers 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 rencies on terms which will business, and claims recovery of
British Income Tax overpaid, on terms which may be ascertained a any of the Agencies and Branches.
R. A. CAMIDGE,.
Manager.
KANKOW
Spot
.....0/3-35/640/3-1/2
March
(
9.24/24
9.21/22
Sept.
0/3-35/64 0/3-1/2
May
9.05/08
9.05/05
9.22/23 9.05n
.02 off
Copperweld Steel. .............
183
Spicer Manufacturing Co.
32
unch.
Curtiss Wright (C.)
73
Standard Brands.
6+
Oct.
0/3-17/32 0/3-31/64
July
{
}
8.84/86
8.84/83
¡Spot
9.61 N
8.84/85 9.63n
Curtiss Wright "A"
264
Stand Gas & Elec.
11*
H
.02 up
Deere & Co.
172
Standard Of of California
18
U.S. Dollars
Distillers Corpn. Seagrams
17
Standard Oll of N.J.
352
Spot
$5-9/32 $5-9/32
Sept.
Oct.
5-9/32 5-1/4
5-9/32 5-1/4
Total sales Tuesday: 41,000 bales. NEW YORK RUBBER
Douglas Aircraft-
761
Stone & Webster
77
Du Pont de Nemours
170+
Studebaker Com,
December
19.03/03
Market:Qulet...
Calentts Exchange
Calcutta, Sept. 18 (Reuter).
January
.18.97 N
March
18.85/85
May .
18.79 B
19.00/00 19,03/05 unquoted 18.94b 18.80b/95a 18.808 18.901
18.70b
.03 off
Eagle Picher Lead .....
81:
Swift International
18
03 off
Eaton Mig. Co.,
-321
Technicolor
.05 off
Elec, Autolite
374
Texas Corpn. .................
351
.09 off
Elec Bond & Share
53
Texes Gulf Sulphur...
32
Elec. Band & Share $5 pi,
633
Timken-Axle
27
Totul sales-1,220 tons,
Elec. Bond & Share $8. p.
728
Trans-America Co.
4
CHICAGO WHEAT
Elec. Power & Light $7 pf.
37
T.T. on Japan, 81-1/4
20th Cent, FOR
&
December
May
773/77. .773/773
781/761 77/77/
771/773 781/78)
# up 1up
Flinkote
151.
Union Bag & Paper Corp.
121
Gen. American Trans.
Tuesday's sales-6,598,000 bushels.
Gen. Electric
Gen. Motors ⠀
CHICAGO CORN
Gen. Railway Signal
September
December
May
624/621 551/552
651/551 567/581 568/561
613/612 551/55 57/57/19
off
Gen. Tire & Rubber
Glidden Co
up
Goodrich (BF)
WINNIPEG WHEAT. October NEY YORK HIDES
Goodrich $5 pf.
CHoodyear Tire & Co.
73ja
9.75775 9.90/90
704/70
9.80b/87a 9.85/85 9.90b/10.08a 9.96/96
70a
31 off
Great Northern Iron Ore '..
Great Northern Rly,-pid.
10 up
"Great Western Sugar
06 up
Greyhound Corpn...
Hercules Powder Co.
International Harvester
.... 34-3/4
34-3/4 4.04
Int Nickel
Inter. Paper & Power Int. Tel, & Tel
Kennecott Copper
Lakey Foundry & Mac. Libbey-Owens-Ford Glası' 42 Lockheed Aircraft
Ready
Oct. 23 Settlement
India Rupee Paper
Bombay, Sept. 18 (Reuter). Govt. 34% Rupee, 90-0-0.
SILVER MARKET
LONDON SILVER London, Sept. 18 (Reuter). Silver-Market.
featureless and December
qulet. In the afternoon, the mar March ket was quiet and idle.
Spot. 23-7/16d.
Forward, 23-7/16d.
› BOMBAY - SILVER
Bombay, Sept. 18 (Reuter).
Market-Quiet but steady. Off-
take 25 bars.
Indian Mint Silver
Sept. 25 Settlement
62-12-6
62-13 62-13-8
Total sales for the day:-75 contracts.
NY Official Silver
NY-Londen Cross Rate 4.04
"LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
LONDON METALS
EXCHANGE
London, Sept. 18 (Reater). Tin, Standard, Cash, Middle
Price, £245-1/4.
Tin, Standard, 3 months, Middle
London, Sept. 18. The following quotations are the middle prices at the close of the Price, £249-1/4.
RESERVE BANK OF market in London. All quotations
are subject to confirmation and no.
INDIA STATEMENT responsibility is assumed for errors
"Calcutta, Sept. 18 (Reuter).
Sept. 8 Sept. 13
Notes in circulation
(including Notes held in the Bank- ing Department)... 25,921 25,881
Rupee Coin and Bul-
Mon to India: Gold Coin and Bul-
lon in India... 4441
(Indian
• Securities
Government) Securities (British
Government)
£
Market firm...
Jap. 8% Ster. Loan, 1824 32-1/2 Ger, 7% Intl. Loan, 1924 54 Chartered Bank
1940 Bigh Low Dow 1580 111.84 30 37 67 22.1520 28.45 18:03 20 90.81 83.06 40
Jones Averages Sept. 17 Industrials
·Rails*** Utilities Bonds
130.43
29.28
22,00
84.07 48.74 11 Commodity Index
89.34* 51.37
Sept 19; 1940.
High Low Closs Change 13.67 120.91 131.28 65 ip
28.63 28.19 28.36.08 up. 29.17 28.00
82,69.95.up 51,50 13 up
Business Dene:-420,000 shares
This Bank is entirely owned by THE GEASS NATIONAL BANÍ "NEW YORK, "with" Hesources of ́avi]
U.8.$2,000,000,000.
D. M. BIGGAR,
Second Vice Prsia
Ajob?
WANT ADS
INDO CHINA
in transmission.
War Loan, 31% (Red
after 1952) Canton-K'loon Rly. 5% Chinese 41% Gold Loan
jor
7
HK, & s'bal Bank (Ldn.
Reg.,
4.67
1898 (Brit. Essue)
30.
H.K. & 8'hai Bank (Gol
2,369
3.398
hinese 5% " Gold Bonds
1025-47
· Reg)___
35
Chinese Eng. & Mining
4,441 Chin 94% Anglo-French
(bearer)
15
Loan, 1908 4,961 Chinese 5% Crisp Loan. 4,961
1912 13,150 13,150 Chinese 5% Reorg. Loan
1913 (Ldn. Is.) Chinese 8% Ster, Notek.
44
Chosen Corporation
Pekin Syndicate
2
12
¡B'hat Elec. Courtr. Co.
13
Bhai-Waterworks "A"
13
Union Insurance
20
TO-
Gula Kalumpong Rubber 13/9. B.-A. Tob. (bearer)
77/8
Mercantile Bank
38
Dunlop Rubber
* 11-1/18. ..... 23/3
Bristol Aeroplane
ཅན་ཆ
8/10 Imperial Chemical Ind. 28/11 United. Steet, Woolworths
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO.
and TIENTSIN E
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers barth alongzüle the Roosevelt Terminal in the French Concession-at Shanghai, where passengers and cargo are landed.::
∙17/ 58/11
Margman Investiments 8/9 Western Holdings
8/8
Sub-Nigel
160
Shell Trans Trad
(bearer)
35/7
For further particulars
please apply to
LONDON STOCK.
EXCHANGE LONDON, Bépt. 19 (Reuter
The Stock Exchange market was
wall attended and trading was
1925 (Vickers)
Chin. Imperial Rly. 5%
Loan
Honan Fly, 5%
Hukuang Rly. 5%, 1911...
LP. N/Y Issue)
Hukuang Rly. 5%. 1911
more active. Prices in most German Lasue)
groups tended to improve underung Teing U. Hai the lead of Gold-minings which Rly, 5% 1913 were supported by Cape and loca buyers.
Wall Street was steady;
LONDON GOLD
London, Sept. 18 (Renter) Bar Gold, Fine per oz. 168/-
5'hal-N'King Rly, 5%... Tientsin-Pukow Rly. 5%
Brit. Stpd). Tientsin-Pakow Rly 5%
(German Styd).... Tientsin-Pukow Rly. 5%
(Brit Stpd. Supt Loan); Tientsin-Pukow Rly. 5% (Ger. Stpd. Suph Loan)
Nat Defence Bonds, 3% 1014 London-Midlands-Scot-
tish. 3% MICHE Great Western Rail-
∙114
Hat Bank of India, 3% #24f
ex-dividend
TELEPHO
|
Manila
Malheurne Nagunks
Bourabaya Bwatow
San FranTM Bydany
New York. Seattle
Pelping
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local- Currency and Fixed Deposite : re- ceived for one year of shortar · periods is Local and Foreign Chr raucien on terms which will be. quoted on application.
SALB DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
"BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE'
BANK
PAID UP CAPITAL $40,000,000.00
(BBANORER ALL OVER CHINA). -. Owing to our numerous Branches in Chins and connections in the principal · Commercial Cantres 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, O South China Offices: CANTON MEKONGMOON SWATOW
TOISHAN
SHIUCHOWSKINGOHOW!
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad
BHOUR CHEN
484
Union Carbide & Carbon
731
34
Union Pacine
THE CHASE BANK
48%
United Aircraft
401
12)
United Airlines Trans
16
15, QUEEN'S ROAD, CENTRAL.
121*
United Corpn
11
131
United Corpn. $3 cum pf. 381
HEAD OFFICE:
123
4.
United Gas Corpn.
14
56
United
Gas Improvement
11
10+
US.. Industrial Alcohol
19*
14.
US. Rubber.
23
27
US. Rubber 38 pfd.
86
in the principal Markets of th
HONGKONG SAVINGS
BANK
The Business of the above Bank 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., 1839.
.18, PINE STREET,
BANK OF EAST ASIA, LIMITED
5,388,800,00
Authorised. Capital......$10,000,000.00 Paid-up Capital Reserve and Undivided
Profits
2,953,201.80
Head Office:-BONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
SIE SHOPSON Caow, Chairman Li Koos Chan, Esq. Il Lan Sang, Esd P. K. Kwak, Esq. Wong Chu Son, Bsq.
Wong Tan Tong, Esq. Kan Ting Fo, Bag, Chan Ching Shok, Esq. Fang Ping Wah Bag
NEW YORKKAN TONG PO, Esq, Chief Manager
An American Bank offering com Li Tax Foxo, Esa, Manager
plete Foreign Banking Service
Branches and Agencies:-
4
world.
Amos
201
U.S. Smelting
58
Interest Rates on Application...
111
US. Steel"
561
|Batavia Hambay
Korloo PRZ Indon
Baaroon
Bingapore
81
Vanadium
32
SAFE DEPOSIT BOXES
Chloubia Halphony Bankow
462
CJWTer
Vultee Aircraft
9
Parte
271
Walworth Co.
47
Kobe
Hemarang Shangha
15
Warner Bros. Pict.
21
21*
Westinghouse Eléc
1071
281
Woodward Iron Cor.
261
31*
Chase National Bank National City Bank
29
24*
283
bid.
I-ex div.
DOW JONES AVERAGE
ERALMANA