Adams Express
Alleghany Steel Co. Allis Chalmers
On Singapore:-
zluminium Ltd. .......................
On demand
53 3/4
Amer. Can...
PACE 10 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 24, 1940.
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months" sight 1/3 1/9
On Shanghai:—
On demand..... 415
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE) -
SEPTEMBER 24, 1940.
19
WEDNESDAY, SEPTEMBER 25, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA AND CHINA
Lasued & Fully Paid-Up 890,000,000 Incorporated by Rayal Charter, 18m2
Reserve Funds:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Paid-Up Capital £6,000,000 Reserve Fundr
23,000,000
20,000,000
prietors
£3,000,000
HEAD OFFICE: LONDON:
$90,000,000
Sterling
Last Sale!
STOCKS
Last Sale
Reserve Liability of
Sept. 23.
Sept. 23
Proprietors
Loew's Inc.
261
23
Loft Incorperated
212
344
Mack Truck Inc.
24
844
Martin, Glen L
327
100
McKesson & Robbins, pís. 22).
On Japan-
On demand
105
On India:--
NEW YORK, Sept. 23, 1940.
SINGAPORE BUBBER
American Cyanamid B.
371
Montgomery Ward
+31
Previous
Sept, 23
Amer. & Foreign Power
11
|M'tain City: Copper Co.
31
Telegraphic Transter.
and demand .....
.....89 1/3
On New York:-
Bank Bills, on demand 2
3/8
SPOT OCT.-DEC.
37-3/8 37-3/7
Close Opening Closing Change Buyers Buyers
unch.
Amer & Foreign $7 pt.
16
National Aviation
1011
Amer, Locomotive
18
Kat, Dairy Products
∙13)
.36-1/2
36-1/2
37-3/8 36-1/2
Amer, Metals Co.
17
National Distillers ......
217
Hon. Mr. 8. H. Dodwell,
Amer. Radiator
National Lead
#184
G. Miskin, Esq.,
Credits, 60 days' sight 23 1/4
JAN.-MAR.
34-7/8
34-7/8
34-7/8
Amer. Rolling Mill
12
Nat, Fower & Light
7%
K. S. Morrison, Esq.,
Amer, S'ting and Ring Co.
43+
National Supply Corp. A...
61
T. E. Paarce, Esq.,
On Batavia-
On demand
41 7/8
The market was dull, LONDON RUBBER
Amer Sugar Refining
14+
New York Central
151
Previous close Today's close
C. C. Roberts, Esq.,
buyers
buyers
Change
Amer, Tel. & Tel.
165
Niagara Hudson Power ...
41
On Paris:-
On Bangkok:
On Sterling Notes:-
44 3/4
149 1/2
The market was quiet.
93 7/2
Opening
London
0/3-3/8
New York
5-1/16
Japan
21-1/2
India
18-3/4
Hongkong
...... 22-3/8
Sterling
Opening
Bank Bills, on demand 1085 Credits 4 months' sight 1160
On Balgon:
On demand 97 1/4
On Manila:--
On demand
On demand
Bank Buying Rate
Bar Gülver per os.
Shanghai Exchange
Shanghal, Sept. 24 (Reuter).
Official TT Rates
S POT OCTOBER
NOVEMBER
JAN.-MAR.
APRIL-JUNE
NEW YORK COTTON; The market continues to reflect the increas- ing business activity. Hedging is unusually light and the under- tone of the market is firm, CHICAGO WHEAT: It is reported that virtually 80 per cent. of The cash mar- the new wheat is entering storage on the Loan. kets are firm.
GENERAL: The National, preparedness programme is certain to act as a powerful stimulant to business and this should be reflected in much higher prices for stocks and commodities.
NEW YORK STOCKS: Previous close, 13245; Today's close," 135.10:
Change, up 2.65,
NEW YORK COMMODITY MARKET
Case, I
Celanese .....
Amer. Tobacco “B”
772
N."American Aviation
17
11-7/8
11-7/8
unch.
Amer. Waterworks
9
North American Co.
101
-11-7/8-
11-7/8
unch
"Anaconda” Cupper
Northern Partie
11-7/8
11-7/8
...unch.
Atchison, T. & S. Fe.
171
Owens-Illinois Glass Do,
55+
11-11/18- 11-1/2
11-11/16
unch.
Aviation Corp. .............
4%
Pacific Gas & Elec
291
11-1/2
unch.
Baldwin Lecometive.
Amoy
161
Packard Motors
37
Bangkok Kobe
Baltimore & Ohio
44"
Pan-American Airways
154
Batavia
Kowloon
Branches: Johore Rangoon
Saigon San
Head Office:-HONG KONG
Board of Directoris H. V. Wilkinson, Esq.
Chairman Hm, Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. A. L Shield,
Sir Vandeleur M. Grayburn,
Chief Manager.
38, Bishopsgate E.0.2
Sub-Agenoles In London: 117/192 Leadenhall Street, E.0.3 West End Branch: -14/18, Coekspur Street, B.W1
Manchester Branch:
59, Mosley Street, Manchester,
AGENCIES AND BRANGERS ·
ALOE STAR HARRIN PENAMO AMRITSAR HONG KONG, RANGOON. BANGKOK BATAVIA BOMBAY
CALOUTTA
AGENCIES: KOBE
CLITE STREET, KUALA BAIKLIW PLACH. |UANTON"
CAWNPORI
CEBU
ILOILO. IPOH
BALCON..
BERIMBAN.
KARACHI ELANG
SHANGHAI
SINGAPORU
SITIAWAN
BOURABAYA
-LUMTUR-
TAIPING
KOCHING
KADRAK ́
TLANTAIN TONGKAH
MANILA
· (Bhuket)
MILDAR
NEW YOHI
TBINOTÃO TUKOHAKJ
COLOMBO DILEI
Barber Asphalt Co.
Barnsdali Ot
Bendix Aviation
Bethlehem Steel
Bilsa & Co.
Boeing Airplane Co.
Borg-Warner
Briggs Mfg.
Budd M'facturing Corp..
Canadian Pacific R'way
Chesapeake & Ohio
Chrysler Corpn.
Columbia. Gas & Elec.
Commercial Credit Ca.
Com, & Southern (Ord.) ...
Spot
Sept
Oct.
U.S. Dollars
spot
Sellers
Closing 0/3-31/64 0/3-1/2 0/3-31/640/3-1/2
0/3-15/32 0/3-31/64
$5-6/10
$5-5/16
Sept.
5-5/16
Oct.
5-9/32"
5-5/18 5-9/32
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec, Chicago Corn, Dec. New York Eldes, "Dec. NEW YORK COTTON (Oct. (New contract)
December-f
(REUTER'S SERVICE)
Prev. Today's 9.43 9.44 9:52
9.50 .06 up 19.04 19.04 18.985 19.04 .00 up
793 77% 773
79% 11 up 56 503 501 571 11. up 10.40 9.87 #9.90 10.38b48 up
Consolidated Edison
Consolidated Of
Continental Can
Continental Oil
Copperweld Steel
Curtiss Wright (C)
Curtiss Wright “A”
Close 9:48/48
Opening
9.46/45.
Closing 9.51/52
Chanze
Deere & Co.
.05 up
Distillers Corpn. Seagrams
944/44
Silver Duty Rate
:..
January
9.35/35
9.34/34
3.
9.17 N
July
8.96/97
9.70 N
NEW YORK RUBBER
December
January...
March
May
Total sales: 310 tons. CHICAGO WHEAT December".
972/777
May
78/781
Saturday's salees:-6,271,000 bushels.
CHICAGO CORN
September
622/83
December May
561/561
571/571
WINNIPEG WHEAT
October
70a
-Market:-Quiet,
The Central Bank of China's | March rate on London at 10 am. today May. was 1/2-1/24
The Equalisation rate was 24h Spot .. per cent.
India Rupee Paper
Bombay, Sept. 23" (Reuter).
Govt. 31 "Rupee 90-03-0.
Calcutta Exchange
Calcutta, Sept. 23 (Reuter).) T.Tor Japan. 81-1/4.-
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Sept. 23.
Total sales Saturday: 52,200 bales,
The following quotations are the NEW YORK HIDES 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)
Canton-Kloon, Rly. 5%
1011 7
Chinese 41% Gold Loan
1898 Brit. Issuet Chinese 5% Gold Bands.
1025-47
30
35
Chin. 41% Anglo-French
Loan, 1908
44
Chinese 5% Crisp Loan.
1912
12
G
ས་ ས
9.99/90 December
9.87/87 10.38b/408 March
10.02b 9.95b/10.103 10.48b/49a Total sales for the day:--345, contracts. Ny Official Silver
-34-3/4 ***** unquoted NY-London Cross Rate 4.04.
4.04
SILVER MARKET
LONDON SILVER London, Sept, 23 (Reuter). Bliver Little speculative buying. Business small. Market quiet but ¡steady. In the afternoon. the
market was quiet and idle.
Spot. 23-1/2d.' .'-
Forward, 23-7/164.
BOMBAY SILVER
Pombay, Sept. 23 (Reuter). Market Steady. Offtake 200 bars.
Indian Mint Silver
LONDON STOCK EXCHANGE LONDON, Sept. 24 (Renter) Although the tone was Arm busi- ness on the London Stock Ex- change yesterday was not large. Gilt-edged were notably steady while selected industrials encoun- tered fair support. Wall Street was steady..
Lakey Foundry & Mac....n Libbey-Owens-Ford Glass 421 Lockheed Aircraft
High Low Dow 152.80 111.84 30 32.67 22.10.20 26.40 18.03 20 90.81 83.06 49°, 64.07 48.74 11
946a
9.50/52
.06 up
Douglas Aircraft ..........
unquoted
9.41n
(06
up
Du Pont de Nemours
9.35/36
ין
9.41/41
.07 up
Eagle Picher Lead
0.19/19
9.23/25
.06.up
Eaton Mfg. Co.
8.96/96
9.02/03
.06. up
Elec. Autolite ...
0:700
unch.
Elec Bond, Share-
Elec, Bond & Share $5 pf.
Elec. Bond & Share $8 pt. 738
18.98b/10.02a 19.00b/10a
18.90b 18.90 N. 18,80 B 18.85b/882 18.70 N 16.70b/201
19.04/04 18.81b/928 18.85b 18.78/78
.06. up
.01 up
Flintkote
Elec. Power & Light 37 pf. 391
.05 up
Gen, American Trans.
.08 up
Gen. Electric
Gen. Motors
Geri. Railway Signal
Gen. Tire & Rubber
773/781 78/78
791/791
17 up
Glidden Co. ....
80/801
2 up
Goodrich (BF)
Goodrich $5`pf.
Goodyear Tire & Oo...
deleted
Great Northern Iron Ore ..
563/581
58/577
If up
Great Northern Rly, pfd.
57/57+
582/581
1 up
Great Western Bugar
Greyhound Corpn.
:: 70/70
70%
urich.
Hercules Powder "Co,
International Harvester
at Nickel
48 up 46 up.
Inter. Paper & Power
Int, Tel & Tel...... Kennecott Copper
Ready
Oct. 23 Settlement
38
Nov, 26 Settlement.
63-01 63-02
LONDON GOLD
1940
301
•bid.
tex, div. DOW JONES AVERAGE
Jones Averages Sept. 11 Industrials, Rails Utilities
Sept. 24. 1940. High Low Close
f32.45
29.45
$1.95
Bonda
89.83
Commodity Index
Change
135.30 132.88 135.10 2.66 up- 28.08 28.80 20,02,57 up 27.33 21.06: 29.16 • - 21 up 90.22.39 up 39,50 51.74
84 up Business Done:-980,000 shares
INDO-CHINA
Singapore
Lyons Sourabaya Malacca Sungei
Patani Swatow "Haiphong (Johore) Tientsin
Hapkow Mukden. Tokyo Harbin New York Tsingtao
Yokohama Iloilo
HAMBURG~~~~~~~ PEIFING
HANKOW (Peking)
FOREIGN EXCHANGE and General Banking Business transacted. by d CURRENT: Accovirrs opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies" at "raton:" which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CCEBANT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS on application.
received for ane year or shorter The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application,
British Income Tax overpaid, on forma which may be racertained as any of the Agencies and Branches.
R. A CAMIDGE,
"Manager,
Also up to date - Sara DEPOSIT Boxes in various sizes To Lar Hong Kong, 28th February, 1940.
HONGKONG SAVINGSTM
BANK
The Business of the above Bank a. conducted by the HONGKONG & SHANGHAI BANKING COR PORATION: Rules may be obtain ed on application. Pe
For the HONGKONG & SHANGHAI
Banking CorpORATION. ANN
V. M. GRAYBURN,
Chief Manager. Hong Kong. Esth Feb., 1939.
BANK OF -EAST ASIA, LIMITED
Authorized Capital...$10,000,000.00 Paid-Up Capital .** 5,598,600,00 Reserve and Undivided
Profite...
.9,433,281.00
Head Office:--HONG KONG No. 10.Des Voeur Road, Central,
Board of Directors:
BIE SHOPSON Cnow, Chairman Li Koon Chain, Esq. Li Lan Sang, Esq..... 15, QUEEN'S ROAD, CENTRAI
P. E. Kwok Ba Wong Cha Sơn, Đà Wong Tun Tong, Est, Kan King Fo, Bag, HEAD OFFICE;
Chan Ching Stck, E91, Fung Ping Wah Bag 18, PIN STRENSKAN TONG Po, Esa, Chief Manager
NEW YORK
Li Tan Foxa, Ego, Manager An American Bank offering com.
This Bank is entirely owned by BANK THE CHASE NATIONAL NEW YORK, with "Rewoaroma of, OTER 17.8.$3,900,000,000.
D. M. BIGGAR,
Bacond Vice Pre
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street,
London, EC3·· Autherland Capital
Subsribed Capital Paid-up Capital
Laserre, Fand and Best
BANKERS:
28.000.000
€1,060,000 $1,284,899
The Bank of England and Midland
·Bank, Ltd. BRANCHES;
Bangkok
Bombar
Tpok FATOR Kuantan,
Colombo Rody
Delhi "vojfareble
Galis
Hongkong
Kota Bharu Xaal Jápis.
Küsia Trenggina 4) Madran - Maart 19
„New York.
Penang
Bhanghai.
Bangoon
Simila
Howrah di Kuls Lampur dingsporn |
HONG KONG BRANCH:
Branches and Agencies: -
Amay
Bombay Joutia Stripboog
Korvloon' Proang 20. BlagaDONS „London, Banguon
Manila Braga Saigon --- SwaŁOW Kalboume, San Frang. Byingy MagunkaMolson Tien boz New York · Beattiä
COUVER Paris Semarang Pulying Shaagis
Every description of Banking and Exchange business transacted. Loans granted on approved securities, mu Current Accounts opened in Local Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign. Car cencies on terms which will be, moted on application.
·SAFE Deposit Boxes To Let.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT HOOF OF INA AS AN
| INTERNATIONAL EXCHANGE
AMBANKNAG PAID-UP CARITAL 80,000,000.00
London. Sept, 23 (Reuter) STEAM NAVIGATION. COMPANY LTD. sciption of Banking and Exchange (BRANURE ALL OVER URINA)
Chinese 8% Reorg, Loan,
1913 (Ldn. Is.)
Chinese 8% Bter. Noter,
1025 (Vickers)
Chin. Imperial Rly 5%-
Loan Honan Rly 5% Enkuang Rly. 6%, 1911... (LP N/Y Issue)....... Bukuang Rly. 5% 1911
German Issue) Lung Taing & U. Hai
Rly.. 5% 1013 S'hai-N'King Rly. 5% Tientsin-Pukow Rly. 5%
(Brit. Stod.) Tientsin-Pukow Rly, 6%.
(German Stud.) Tientsin-Pukow Rly 5% (Brit, Stpa Supl. Loan) Tientsin-Pakow Rly 6% (Ger. 8tpd. Supl, Loan) Jap. 1% Ster. Loan, 1924 31 Ger 7% Intl Loan, 1924
Chartered Bank ........... HR & 6'hal-Bank (Lon.
Reg
HK. & Shal Bank (Col.
Reg)
Chinese Eng & Mining
(bearer)
Chosen Corporation. Pekin Syndicate Bhat Elec. Constr, Co
Great Western Rail
way, 3%
Nat. Bank of India. 3 Allez-dividerin
SWATOW, BHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG, And CALCUTTA
SANDAKAN
HAIPHONG
Bar Gold, Fine per oz. 168/-
S'hal Waterworks "A"
Operating Bervices for Cargo and Passengers
13
Union Insurance
Gula Kalimpong Rubber
my 13/9
TO
B.-A. Tob, (bearer)
77/8
Mercantile Bank
11
Dunlop Rubber
28
Bristol Aeroplane
9
Imperial Chemical Ind. 28/11 United Steel ...
17/6
Woolworths
55
All steamers borth alongside
Marsman Investments
6/9
53
Western Holdings,
8/9
the Roosevelt Terminal in the French Concession at
Sub-Nigel
100
Shanghai, where passengers
Chell Trans & Trad
bearery
and cargo are landed.
35/7
Nat Defence Bonds, 3% 101 London-Midlands-Scot
tish. 3%
For further particulars
please apply tomme
114
JARDINE
TELEPHONEOZOSIL. GENERALI
TRUSTEE AND EXECUTORSHIF CARLTON UNDERTAKEN
CURRENT LOVOUETS med Se Local Our raney ARE FRED DEPOSITS repaired in Local Currency & BIEBLING on terme that may be
LOL BENS
What do
you want?
you want
If there is anything buy or small advertise-
sell try Classified ment as the Elong- Long Daily Press,
$1.50 prepaid
serbons:
Owing to our namerous Branches in China and connection in the principal Commercial Centres o the World, we are able to extend so our Clienta special facilition for Domestic, and Foreign Banking and Exchange
Head Office-SHANGHAI venemang, Hong Kong Branch
QUEEN'S ROAD, O South China O Reus2 5531
CANTON a SWATOWAN
KONGMOONE TOISHAN RE WKINGCHOW
SHIUCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Covernment, botla, në Home
10)
Paramount Pictures
Bombay.
Kuala
Francisco
HAIPHONG
81.
Pennsylvania RIR.
227
Valentia
Lumpur Shanghai
321
Philadelphia Read, Coal
Canton
London:
813
Phillips Petroleum
37
Chefoo
15
Public Service of NJ.
352
Colombo
Dairen
Manila
17.
Pullman Inc....
212
Foochow Muar
19
Pure Of
73
321
Radio Corpm, sí àm.
41.
47
Reading Company,
Com
144
3*.
Remington Arms Co., Inc.
57
50+
Republic Aviation Corp. ...
54.
Ipoh
Peiping
Penang
301
Republic Steel
18)
41
Revere Corp...
121
804
ReynoldTobac. "B"
354
Safeway Stores
431
32
Schenley Distillers
104
11
Sears Roebuck
271
Shell Union Of
9.
61
Bocony-Vacunum Oil
9
402
Southern Pacific
94
187
Bouthern Rly $5 pfd.
22
19€
Spicer Manufacturing Co. 334
Standard Brands
B1
274
Btand Gas & Elec.
213
Standard Oil of California
18
17
Standard Oll of NJ.
354
78
Stone & Webster
175
Studebaker Com
$6
Swift International
18+
337
Technicolor........
373
Texna Corpn. Van
371
51
Texas Gulf Sulphur.
321
640
Timken-Axle
28
Trans-America Co.
20th Cent. Fox
મ
18
Union Bag & Paper Corp.
12+
: 494
Union Carbide & Carbon
76
35+
Union Pacific
84
THE CHASE BANK
492
United Aircraft
414
131
United Airlines Transgen
17
121
United Corpn
:13
14)
United Corpn. $3 cum pt.
301
13
United Gas Corpn.
1
*561
United Gas Improvement
11
181
UB., Industrual Alcohol.
213
15
UB. Rubber.....
211
23+
U.S. Rubber så pid.
88
plete Foreign Banking Bervice in the principal Markets of the world.
201
US Smelting
61
Interest Rates on Application.
111
UA: Steel
591
821*
Vanadium
33)
SAFE, DEPOSIT BOXES
464
Vultee. Aircraft
91"
Sankow
Homolatu
28
Walworth: Oo.
5
15
Warner Bros. Pict.
21
21.
Westinghouse Elec.
1091
331
Woodward Iron Cor.
281
33%
Chase National Batik
30*
National City Bank
243*