Adams Express
Alleghany Steel Co..
Allis Chalmers
Lluminium Ltd.
Amer. Can
Previous
Sept. 21
Close Opening Closing Change
Buyers
Buyers
American Cvanainid B Amer. & Foreign Power AmerForeign $7 pt.... Amer. Locomotive .....
37-5/8
37-5/8
37-3/8
off 1/4
Amer, Metals Co.
38-3/4
38-5/8
On New York:-
35-1/4 35-1/8
36-1/2- 34-7/8
off 1/4
Amer, Radiator
off 3/B
Amer. Rolling Mill
Amer. Sting and Ring Co.
Previous close Today's close
Amer, Sugar Refining
On Batavia-
Amer. Tel, & Tel
buyers
buyers
Change
On demand
41 5/8
Amer. Tobacco "B"
SPOT
-11-13/18
11-1/8
up 1/16
On Faris:
Amer, Waterworks
OCTOBER
11-13/16
11-7/8
up 1/16
NOVEMBER
11-13/16
11-7/8
up 1/16
JAN.-MAR
On Saigon:-
11-5/8 11-1/2.
11-11/16" ~11-1/2
up 1/18
unch.
Anaconda Copper Atchison, T. & S. Fe.
Aviation Corp.
On demand
86 3/4"
Baldwin Lecometive
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 21, 1940.
On London:-
Telegraphic Transfer, ya 7/3 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3 1/2 On Shanghai:
On demand
On Singapore:-
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO)
430
52 3/4
NEW YORK, Sept. 21, 1940.
On Japan-
On demand
100
SINGAPORE RUBBER
Da India:-
Telegraphic
Transfer.
SPOT
189 1/2
OCT,-DEC,
JAN.-MAR.
+
and demand",
Bank Bulls, on demand 22 1/4. Credits, 60 days' sight 23.1/8
After ruling steady, the market. became easier. LONDON RUBBER
Bank Bills, on demand 1085 # Credits 4 months' sight 1160
APRIL-JUNE
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION ·
(REUTER'S SERVICE) SEPTEMBER 22, 1940,
MONDAY, SEPTEMBER 23, 1940.
BANKS
BONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised Capital $50,000,000
,
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1858
Reserve Funda:
Paid-Up Capitat£3,000,000 Sterling...... 6,500,000 Reserve Fund... H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Proprietors
$90,000,000
Head Omes:-HONG KONG
Board of Direziora: H. V. Wilkinson, Esq.,
.23,000,009
prietor's
£3,000,000 HEAD OFFICE: LONDON:
38, Bishopsgate E.CS.
Sub-Agencies In London: 11/122, Leadenhall Street, E.0.3 West End Branch:
14/16, Cockspur, Street, 8.W1 Manchester Branch:
12, Mosley Street, Manchester, L
AGENCIES AND BRANCHES. ALOR STAR HARBIN A PENANG ·· AMBITBAR HONA KONG RANGOOR
BANGKOK
BATAVIA
BOMBAY
ILOIL
IPOR KARACHI GALOUTTA · KLANG
AGI NOIESISKONE-- CLITE BEST KUALA
Chief Manager. FAILLIK PLACE
OANTON CAWNPORN CLIST COLOMBO
SAIGON
SKREMBAN
SHANGHAI BINGAPOR
SQURABAYA
LUMPUR
KUCHING MADRAS
TAIPING TIENTSIN
MANILA
Last Sale:
STOCKS
Last Sale
Sept: 21
Sept. 21
52
Loew's Inc.',
253*
211
Loft Incorporated
22"
338*
Mack Truck Inc.
231
$2
Martin, Glen L.
313
98
McKesson & Robbins, pt4.
211
381
Montgomery Ward
411
11
M'tain City Copper Co.
31
"151* 15
National Aviation
....
101*
Nat, Dairy Products
131
101National Distillers .............
211
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman, J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
ΤΑ
National Lead
17
G. Miskin, Esq.,
114
Nat, Fower & Light
K. S. Morrison. Esq.,
41.
National Supply Corp.
54
T. E. Pearce, Esq.,
131*
New York Central ...
14)
0.0. Roberta, Esq.,
163
771
"EF*
Niagara Hudson Power N. American Aviation North American Co.
41
Hon. Mr. A. L. Shield,
17
Sir-Vendeleur M.-Grayburn,
101
221
Northern Pacific
71
161
#
Owens-Illinois Glass Co.
54
Branches:
On Manila-
On demand.
44 1/2
--The-market-was quiet- NEW YORK COTTON: Hedging and
Baltimore & Ohio
scattered
selling from the
Barber Asphalt Co.
On Bangkok:-
On demand
..... 149 1/2
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
1/5 1/2 23 7/18
South is being absorbed by the trade. The tone is fairly steady. CHICAGO WHEAT: Prospects for the market continue excellent, NEW YORK STOCKS: Previous close, 131.83; Today's close, 132,45; Change. up 82.
Barnsdall Q .....
Bendix Aviation
Bethlehem Steel
Buss & Co.
Boeing Airplane Co.
Borg-Warner
Market Report
FROM ROZA BROS.
Silver prices were unchanged
yesterday, the quotations remain-
ing at 23.7/16 for Ready and 23. New York Cotton, Dec. 6/18 for Forward.
reported the market
as being Chicago Wheat, Dec. steady but idle. American Silver Chicago Carn, Dec. was quoted at 34.3/4 for Spot. New York Rides, Dec.
The London/New York cross- rate was quoted at 402.1/2. York/London was quoted at 404.
Briggs Mig.
NEW YORK COMMODITY MARKET
Budd M'facturing Corp.
Canadian Pacific R'way
(REUTER'S SERVICE)
Case, JI
9.48 9.43
Silver advices New York Rubber. Dec.
·781. 772 .581 561 - 56 9.90 9.86
703
Prev. Today's 9.46 0.44 19.05 18.98b 07 off
772
Celanese
.02 off
Chesapeake & Ohio
Chrysler Corpn.
unch.
Columbia Gas & Elec....
581
1 Up
Commercial Credit Co
. 9.82 0.90
.08 up
Com, & Southern (Ørd.)
Consolidated Edison
New
NEW YORK COTTON : Close
Opening
Closing
Change
Consolidated Ou
Oct. (New contract)
9:45/45
9.43/43
9.46/46
.01 up
Continental Can
Continental Of
MARKET
Steady but quiet.
December (
}
9.48/43
9.43343
9.44/44
.02 off
January
>
9.37 N
9.31b"
9.35/35
.02 off
Copperweld Steel
with
Opening
013-3/8
STERLING
No business was reported. There were ́seilers at 1/3 up to Decem- ber, buyers at 1/3. 1/32 for any delivery.
U.S. DOLLARS
Total sales Friday:-131,000. bales"
NEW YORK RUBBER
A small business was done at 22.5/8 for Sept, delivery. The December market closed with sellers at 22 January 5/% for forward and probably March near, buyers at 22.11/16 for Cash. May
SHANGHAI DOLLARS
Opened with sellers at 428 with
business done at 428.1/4 and 428. CHICAGO 'WHEAT
1/2. The market closed
probable sellers at 426.1/2 of May
Cash.
SHANGHAI MARKÉT
Quiet. There
sellers of CHICAGO CORN were Sterling at 3.1/2 for Spot and U.S. Dollars at 5.1/4 for Spot.
Shanghai Exchange
Shanghai, Sept. 21 (Peuter).
Official T.T. Rates
London
March
(
)
9.37/38
9.32/32
Curtis Wright (C)
9.34/34
.03 off
Curtiss Wright "A"
May
}
9.21/22
9.18/18
9.170
,04 off
"Deere & Co.
July Spot
1
9.00/00%
8.97/97
3.93/97
.04 of
Distillers Corpn. Seagrams
N-696–
01 up
Douglas Aircraft
Du Pont de Nemours
Eagle Picher Lead
Eaton Mfg. Co. ....
18.36b
18.76b
19:05/05- 19.00b/05a 18.09b
unquoted 18.906 18.60b/78a
18:98b/19.02a .07 off 18.90 18 80a 1870n
Elec. Autolite
.09 off .08 off .08 "off
Elec. Bond & Share ....
Elec. Bond & Share $5 p. Elec. Boud & Share $6 pf.
Total sales:-10 tons
Elec. Power & Light #7 pf. Introve
December
773/773 781/78
78/78 781/781
772/777 78/781
unch.
Gen. American Trans. ..**** Gen. Electric
Gen. Motorą........
unch.
Gen. Railway Signal
Friday's sales:--6,816,000 busheles
#
Gen. Tire & Rubber
Glidden Co...
Goodrich (BF)
September
61/51
621/63.
11 up
Goodrich. $5 pl.
December
May
56/581 ..561/581 523/57+
571/573
561/581 571/579
סט 4
Goodyear Tire & Co.
1 of
Great Northern Iron Ore ..
Great Northern Rly, pfd.
WINNIPEG WHEAT October
70a
70/70
70a
unch.
Great Western, Sugar Greyhound Corpe,
Hercules Powder Co,
NEW YORK HIDES
International Harvester
December
New York
Japan
5-1/18
March
9,82/82 9.94/84
9.86/86 9.90/90 9.85b/10.05a -10.02b
.08 un
Int Nickel
08 UD
India
Hongkong
21-1/2 18-3/4N.. 22-3/8
Inter. Paper & Power
Sterling
Sellers
Opening
10.45/45
Spot
0/3-1/2 0/3-31/64
Sept.
0/3-1/2 0/3-31/64
Oct.
0/3-31/64 0/3-15/32
Spot
U.S. Dollars
$5-9/32.
$5-1/4
Sept.
5-9/32
5-1/4
Oct, ...
5-1/4
5-7/32 Market: Inclined to be easy.
Silver Duty Rate.
Closing
NOTICE: All Japanese markets
Total sales for the day:-19 contracts. NY Oficial Silver... 34-3/4 NY-London Cross Rate 4.04
NEW YORK COPPER FUTURES December,
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Sept. 20.
The following quotations are the middle prices at the close of the
Tientsin-Pakow Rly. 5%%
(Brit. Stpd. Bupl. Loan) 8 Tientsin-Pukow Rly. 5%
(Ger. Stpd. 'Supl Loan) 8
market in London. All quotations Jap. 6% Ster. Loan, 1824 31 are subject to confirmation and no Ger. 7% Intl. Loan, 1929 53
will be closed on Monday, 23rd, responsibility is assumed for errors Chartered Bank ............................. 61 Inst.
HK. & Shaf Bank (Ldr..
Reg.).....
1940
1-ex, dir.
DOW JONES AVERAGE
High Low Dow Jones Averages 159.80 111.34 20 Industrials
32.67 22.13 20 Kaila
int, Tel. & Tel
Kentecott Copper
unquoted 4.04
Lakey Foundry & Mac.. Libbey-Owens-Ford Glass Lockheed Aircraft ..........................
10.40b/52a 10.55/55
.10 UD
taking
(German Stpd.))....
Chinese Eng. & Mining-
(bearer)
Bouzabaya
Haiphong (Johore) Tientsin Bankow Mukden Tokyo
New York Tsingtao Peiping Yokohama
Penang
CURRENT ACCOUNTS opened in LOCAL CURRENCY and Fixed Deserts received for and year or aborter periods in Local and other Cur- on terms which will be
rencies
quoted on application.
HAMBURG HANKOW
NEW YORK PIIPING
(Peking)
TUNGKAN
(Bhuket)
~~~~THENOTAQ-
ТОКОДАМ
FOREIGN EXCHANGE and General Banking Business transacted.
CURT Accourts opened and FIXED DEPOSITs received for Oce Year or shorter periods in Local-or: Other Currencies at rates which will be quoted on application,
SAVINGS ACCOUNTS also opened. ib Local Currency and Sterling with interest allowed at rates obtainable on application. **
The Bank's Head Office in London undertakes Executor and Trustes. business, and claims recovery of Briti Income Tax overpaid, on ALSO up to date Sun DEPOSIT terms which may be ascertained at
any of the Agencies and Branches. ...
R. A. CAMIDGE,
Manager.
Boxes in various sizes To, Lar. Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business-of-the-above-Bank-
In 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., 1939.
"THE CHASE BANK
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com plete Foreign Banking Service in the principal Markets of thị world.
This Bank is entirely owned, 'be THE CHASE NATIONAL BART NEW YORK, with Resources of our ́13.8.$3,500,000,000.
.D. M... BIGGAR,
Second Vice Pra
A Job
WANT ADS
INDO-CHINN.
STEAM NAVIGATION COMPANY 176
Operating Services for Cargo and Passengerz
SWATOW, SHANGHAI, TSINOTAU, CHEFCO
in transmission.
The Central Bank of China's rate on London, at 10 am, today War Loan, 34% (Red 'was :1/2-1/2d.
£
HK. & Shai Bank (Col.
after. 1962)
1014
Reg)
The Equalisation rate was 244 Canton-Kloon Ris. 5% per cent.
7
Chinese 41%% Gold Loan
Calcutta Exchange
Calcutta, Sept. 21 (Reuter). TT. on Japan, 81-1/4..
SILVER MARKET
BOMBAY SILVER Bombay, Sept. 21 (Router)...
Indián Mint Sliver
1898 (Brit. Issue) Chinese 5% Gold Bonds,
1925-47.
30
Chosen Corporation
35
Pekin Byndicate... S'hai Elec. Constr. Co.
15.
Chin 41% Anglo-French
Loán, 1908
8'hai Waterworks “A” 13h Union Insurance
20
TO-
Chinese 5% Crisp Loan,
1912.
Gula Kalumpong Rubber
12
B.-A; Tob. (bearer)
14/4). 78/11
Chinese 5% Reorg. Loan,
1913 (Ldn. I&.) Chinese 84% Ster. Noten..
Mercantile Bank
11
18
Dunlop Rubber
27/10)
Bristol Aeroplane
9/14
1925 (Vickers) are
Ready
Oct. 23 Settlement
63-00
83-01
Chin. Imperial Rly, 5%
Loan Honan Rly, 5%
Imperial Chemical Ind 26/14 United steel
17/0
BR
Woolworths
55
Hukuang Rly. 5%, 1911.
LONDON METALS (LF. N/Z Issue)
EXCHANGE
London; Sept. 20 (Reuter). Tin, Standard, Cash, Middle
Price, £248,
Tin, Standard, 3 months, Middle Price: £251-7/8-/+
Hukuang "Rly. 5%, 1911 (German Issue) ..... Lung Teing & U Hal
Rly. 6% 1913 8'hal-N'King Rly. 6% 11entain-Fukow Rly. 5%
(Brit. Stpd)
Initial firmness attracted profit Tientsin-Puków Rly, 5%
W. Shelf Trans. & Trad.
Maraman Investments in 6/9 Western Holdings
8/6. Bab-Nigel
180
(bearer)
*****35/71⁄2
London-Midlands-Boot-
-12
tish 3%
111
Great Western Rail-
way. 3%.
294
Nat Defence Bonds, 3% 1013
Nat. Bank of India 3% 24
t-ex-dividend
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
Alt steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers. and cargo are lauded,
For further particulars
please apply to--
JARDINE
HESON&C
THUBLOT ZONINGENERAL MA
BANK OF EAST ASIA, LIMITED
3,598,600.00
Authorised Capital.....$10,000,000.00 Paid-Up Capital Beserve and Undivided
Profits
...2,3,261.56
Head Offer: HONG KONG No. 10 Des Voeux Road, Central.
Board of Directora: SIE SHOPSON Chow, Chairman Lt Koon Cann, Exy. -Li Lan Sang, Esq. P, K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Eng. Kan Ying Po, Rag. Chan Ching Shok, Kaq. Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager Li Tas Foso, Esq., Manager
Ampy
Batrin
Branches and Agencies;-
Kotloos Penang Singapore London
Kangoois Sourabaya Salon
Manila
.. Sextow
Odlousta Melbourneau Fran. Sydney
Bagian.ca
Bar York Beadin
Paris Falping
loo Ticutala
.. COATE Beratung Shangbal
Every description of Banking and Exchange business transacted. Loans granted on approved securities. Currency and Fixed Deposits re- Current Accounts opened in Loca!
ceived for one year
or shorter perioda in Local and Foreign Cur renciex on terms which will be quoted on application.
SAFE CEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE BANK
MEN
PAID-UP CAPITAL $40,000,000,00 (BRANCHES 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 to our Clients special facilities for Domestic and Foreign Banking and Exchange, AK
Head Office: SHANGHAI Hong Kong Branch: QUEEN'S ROAD, C South China Offect: CANTON KONGMOON SWATOWEG TOISHAN BHLUCHOW KINGCHOW
We also handle the issue of Bonda and other Publio Funds of the China Government both at Home hud Abroad,
BHOU CHEN,
Manager
48
Pacific Gas & Elec
291
151
Amoy
Johore
Packard Motors
32.
Bangkok Kobe
Rangoos Saigon
4)
Pan-American Airways
·15
Batavia
Kowloon San
10*
Paramount Pictures
6%
·DELHI- HAIPHONG
Bombay
Kuala
Francisco
81
Pennsylvania R.R.
221
Calcutta
Lumpur Shanghai
314
Philadelphia Read, Coal.
Canton
Londoù
Singapore
801
Phillips Petroleum
354
Chefoo"
Lyons
141
Colombo
Public Service of NJ.
34
Malacca
Sungsi
161
Pullman Inc...y-32-19
201
Dairen
Manila
Patani
Foochow
Muår
Swatow
181
Pure Oll ....
7#
221
Radio Corpo, 'of Am,
47
47
Reading Company, „
Com
13
Harbin
42
Remington Arms Co., Inc.
51
Iloilo
54)
Republic Aviation Corp. ...
5+
[poh
291
Republic Steel
18
401
Revere Corp.
11
771
Reynold Tobac. "B"
35
51
Safeway Stores
44
32
Schenley Distillers
10
11
Sears Roebuck
267
Shell Union Oil
B
Socony-Vacunum. Oll
391
Southern Pacific
18*
Southern Rly $5 pfd.
J
181
Spicer Manufacturing Co.
32
71
Standard Brands
261*
Stand Gas & Elec.
18
201
Standard Oll of California
18
171
Standard-QUOTNJ.
341
77
Stone & Webster
1702
Studebaker Com,
73
32
Swift International
334
Technicolor
*18*
9%
,,362
Texas Corpn.
51
Texes Gulf Sulphur ......
833
Timken-Axle
731
Trans-America Co.
381
20th Cent. Fox.
16
Union Bag
Paper Corp.
12
481*
Union Carbide & Carbon
744
342
Union Pacific
834
487
United Aircraft
400
113*
United Airlines Trans
181
18, QUEEN'S ROAD, CENTRAL
124"
United Corpa,
141
United Corpn. Så cum pt..
382
12 *
United Gas.Corpn.
554
United Gas Improvement
11
101
U.B., Industrual Alcohol....
191*
119
U.8. Rabber ....
227
267
US. Rubber $8 pfd.
88
20*
U.S. Smelting
591"
Interest Rates pa Application.
111
U.S. Steel
578
RO
Vanadium
321
SAFE DEPOSIT BOXES"
46
Vultee Aircraft
91
*271
Bombay
Halphong
Hackow Honolulu
Kot
Walworth Co.
41
144
Warner Bros. Pict.
21..
21*
Westinghouse Exec.
1072
201
4
421
Woodward Iron Cor. Chase National Bank National City Bank.
201
--bid.
Sept.. 20
i31.83
Sept. 23. 1940. High Low Close 132.54 131.88 132.45
Change .82 up
28.27
28.48 28:36 28.45
.18 up.
-26.45 18.03 20 · Utilitics
21.38
22.00 21.90 21.95
90.61 83.06 40 Bonds
69.73
64.07 48.74 11 Commodity Inder
51.81
89.93 51.74 ,07 off
103 off .90 up
Business, Done: -280,000 shares