PACE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 25 1940.
On Londen:-
Telegraphic Transfer. 1/4 7/8 Bank Bills, on demand 1/3 7/8 Credits 4 months' sight 1,3 1/2
On Shanghai:-
On demand 415
On Singapore:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
On demand
82 3/4
On Japan:-
NEW YORK, Sept. 24, 1940.
On demand
103
On India:-
SINGAPORE RUBBER
Telegraphic
Transfer.
and demand...
32 1/2
SPOT
On New York:-
OCT.-DEC.
JAN.-MAR.
On Batavia:-
On demand.......................
41 7/8
The market was quiet. LONDON RUBBER
On Parla:-
SPOT
OCTOBER
on Saigon —
Bank Bills, on demand 22 3/8 Credits, 10 days' sight 23 1/4
Bank Bilis, on demand 1086 Credits 4 months' right 1:60
†NOVEMBER"
$7 1/4
JAN.-MAR.
| APRIL-JUNE
44 14
+
23 7/18
Previous close Today's close
unch
unch.
On demand”
"On Manila:-
On demand
On Bangkok:-
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
Market Report
FROM ROZA BRÓS.
The market was quiet.
149 1/2 NEW YORK COTTON: The advance in prices attracted more hedg
ing. The Continent is buying. A barely steady tone prevails. NEW YORK RUBBER: Prices were steady on covering and mo-
derate trade 'buying.
Wednesday, Sept. 25.
Silver prices dropped 1/18 yea.. terday for both deliveries, the que- tations being 23.7/16 for Ready and 23.3/8 tor Forward, Silver ad-
CHICAGO WHEAT: The market was featureless, with no material
pressure.
NEW YORK STOCKS: Previous close. 135.10; Today's close. 134.44;
Change. off 66.
NEW YORK COMMODITY MARKET.
vices reported the market as being New York Cotton, Dec. steady but quiet, with a small bust-New York Rubber, Dec. neaq done. American Sliver was Chicago Wheat, Dec. quoted at .34.3/4 Spot.
NEW YORK STOCK EXCHANGE
STOCKS
Celanese
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 25, 1940.”
Loew's Inc.
THURSDAY, SEPTEMBER 26,
1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED RANK OF
BANKING CORPORATION
Authorised Capital 850,000,000
';'
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 690,000,000 Incorporated by Royal Charter, 1888
Reserys Funds:
Paid-Up Capital ...... £3,000,000 £6,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairmän.
Bir Vandeleur M. Grayburn,
Chief Manager.
Muar
£3,000,000
prietors.........£3,000,000
HEAD OFFICE: LONDON: 38, Bishopsgata E.0.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3 West End Branch: 14/18, Cockapur. Street, 8.W 1 Manchester Branch:
52, Moaley Street, Manchester,
AGENCIES AND BRANCHES.
HARBIN
PENANG HONG KONG · RANGOON BOILA
ALOR STAR AMRITSAR
ΕΝΟΧΟΣ
BATAVIA BOMBAY
CALOUTTA
IPOE
SAIGON
.. BIBIMBAN
KARACHI
ILANG
SHANGHAI
AGENCIES: KOBE CLAYS BUALA: WALLY PLACE
CANTON
[WWWSPORT
CES U COLOMBO DKLEI
LUMPUR KUCHING,
MADRAS
MANILA
SINGAPOR SITIAWAN | BOURABAYA
TAIPING
TIENTSIN: 41
(Bhuket)
TONGKAH
MEDAN
TRINGTAŬ
HAIFRONG
NEW YORK
PRIPING
YOKOHAM
Francisco HAMBURG Shanghai............
Sourabaya
Patani
Elaiphong (Johoro) Tientsin.
Murden Tokyo
New York Tsingtao Peiping Yokohama
Penang
HANKOW
(Peking)
FOREIGN EXCHANGs and General Banking Business transacted..
CURRENT Accounts opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGE ACCOUNTS also opened in Local Currency and Sterling with ACCOUNT opened in interest 'allowed at' rates obtainable LOCAL CURRENCY and FIXED DEPOSIT on application.. received for one year or shorter periods in Local and other Car
The Bank's Head Office in London
Sterling
Last Sale
STOCKS
Laat Sale
Reserve Liability of
Sept. 24
Sept. 24
Proprietors
$90,000,000
Adams Express
51"
201
Alleghany Steel Co.
22
Loft Incorperated
-21
Head Office:-HONG KONG
Allis Chalmers
341
Mack Truck Inc.
234
Aluminium Ltd,
81*
Martin, Glen L
321
Amer. Can
100+
McKesson & Robbins, pis.
231
Board of Directors: H. V. Wilkinson, Esq.,
American' Cyanamid B..
37)
Montgomery. Ward
423
Previous ." Sept. 24
Close Opening Closing Buyers Buyers 37-3/8 37-3/8 37-1/2 36-1/2 36-1/2 36-5/8 34-7/8 34-7/834-7/8
Amer. & Foreign Power
11
M'tain City Copper Co.
34 **
Change
Amer & Foreign $7 pt.
162
National Aviation
10%
Amer. Locomotive
154
Nat, Dairy Products
131
up 1/8
'smer. Metals Co.
171
National Distillers
·214
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
up 1/8 unch
Amer. Radiator
Hon. Mr. S. H. Dodwell,
73
National Lead.
181
G. Miskin, Esq.,"
Amer. Rolling Mili
12)
Nat, Power & Light
7*
K. S. Morrison, Esq.
Amer. B'ting and Ring Co. 43
National Supply Corp...
T. E. Peares, Esq.,
Amer, Sugar Refining
14
New York Central
148.
a. C. Roberts, Esq.,
Amer. Tel, & Tel
165
Niagara Hudson Power
41
buyers
buyers
Change
Hon Mr. A L Shield,
Amer. Tobacco "B"
79
|N. American Aviation
17
11-7/8
11-13/18
of 1/18
11-7/8
11-13/16
off 1/16
Amer, Waterworks
81
North American Co...
171
Anaconda Copper
23.
Northern Pacific
77
11-7/8
11-7/8
W
AUCHISON, T. & 8, F1⁄2.
| Owens-ninos”“GIMES”“
Branche:
11-11716
11-1/2-
11-11/16 11-9/16
up 1/16
Aviation Corp......
44
Pacific Gas &. Elec
201
Amoy
Johore
Baldwin Lecometive
161
Packard Motors
31
Bangkok
Kobe
"Rangoon Saigon
5;
Baltimore & Ohio
41
Pan-American Airways...
15
Batavia
Kowloon San
Barber Asphalt Co.
107
Paramount Pictures
7
Bombay
Kuala
Barnsdall Of
81...
Pennsylvania R.R.--
221
Calcutta Lumpur
Bendix Aviation
321
Philadelphia Read, Coal
Canton
London.
Singapore
Bethlehem Steel
80x
Phillips Petroleum
38
Chefoo
Lyons
Bliss & Co.
154
Public Service of N.J.
351
Colombo
Malacca
Sungei
Dairen
Boeing Airplane Co.
168
Pullman Inc.....
214
• Manila
Borg-Warner›
18#
Pure Oil
71
Foochow
Swatow
Briggs Mig..
211
Radio Corpn. of Am.
41
Banton
Budd M'facturing Corp...
41
Reading Company,
Com
142
Barbin
Canadian Pacific Riway
31
Remington Arms Co., Inc.
53*
floilo
Case, JL
57
Republic Aviation Corp.
54
Ipoh
297
Republic Steel
181
(REUTER'S SERVICE)
Chesapeake & Ohlo
414
Revere Corp.
121
CURRENT
The London/New York rate was quoted at 402.1/2.
Chicago Corn, Dec. cross-New York Hides, Dec.
New
Prev: Today's 9.60 9.50 9.50 0.54
19.09 19.15
19.04 19,11 701 791 794 794 58+
58 57 577 10.46.. 10.26
Chrysler Corpn.
792
Reynold Tobac, “g
35+
.04 "up.
Columbia Gas & Elec
51:
Safeway Stores
431
.07.. up
Commercial. Credit Co.
321
Schenley Distillers
104
rencies on
off
Com, & Southern (Ord.)
14
Bears Roebuck..
831
quoted on application.
undertakes Executor and Trustee tezma which will be business, and claims recovery of British Income Tax overpaid, on
tup
Consolidated Edison
.271
Shell Unton Oil
મૂ
10.38b 10.30
.08 off
Consolidated Oil
G
Socony-Vacunum of
83
Continental Can
392
Southern Pacific
91
NEW YORK COTTON
Close
Opening
Closing
Change
184
Southern Rly $5 pfd. sim
214
9.51/52
9.51/50
9.54/54
.03 up
Copperweld Steel
19
Spicer Manufacturing Co.
34
9.50/52
9.50/51
9.54/54
.04 up
Curtiss Wright (C)
.8.
9.41, N
9.41/41
9.45/45
.04. up
Standard Brands
9.41/41
9.42/42
9.44/44
Curtiss Wright "A"
Stand Gas & Elec.
14*
.03 up
Deere & Co.
202
9.23/25
9.26/28
9.28n
05 Ep
Standard Off of California
18
Distillers Corpn. Seagrams
171
9.02/03
9.04/04
·9:70. N
9.05/05 9.73h
.03 up
Standard Oil of N.J.
347
Douglas Aircraft,
761
.03 up
Stone & Webster
8+
Du Pont de Nemours
1737
Studebaker Com
74
Eagle Picher Lead
ᏕᎸ
Swift International
181
NEW YORK RUBBER December January March May
Baton Mfg. Co.
331
Technicolor
$1
... 19.04/04-
19.09/09
18.91b/92a
18.93b/95a
18.85b 18.78/78
18.92/927 18.83/83...
19.11b/12a 19.08/06 18.86b/978 18.88/88.
.07 up
Elec. Autolite
37
Texas Corpn.
367
.15 up
Elec. Bond & Share
54
Texes Gulf Sulphur
334
11 up
Elec. Bond & Share $5 pf.
844
Timken-Axle:
27%
10 up
Elec Bond & Share $6 pt.. 732
Trans-America Co.
41
"
Total sales:-770 tons.
CHICAGO WHEAT December
Elec. Power & Light $7 pt.
387
Hong Kong. 28th Feb., 1939.
20th Cent, Fox.
BJ
Fintkote
184
Union Bag & Paper Corp.
121
May
793/791 793/701 80/801
80/80!
791/791 793/792
off
Gen, American Trans.
1494
Union Carbide & Carbon
75
off
Gen. Electric
35%
Union Pacific
837
THE CHASE BANK
Gen. Motors ....
491
United Aircraft
401
Gen. Railway Signal
134
L
United Airlines Trans
101
15, QUEEN'S BOAD, CENTRA!
CHICAGO CORN December
Gen. Tire & Rubber
124
58/577 58/581 581/581 50/59
58/58
United Corpn.
12
up
Glidden Co...
144
59/59
United Corpn. $3 cum pt. 36)
HEAD - OFFICE:
i up
Goodrich (BF) .....
121
+
United Gas Corpn.
11
Goodrich $5 pt.
56*
United Gas Improvement
11
708
70/70
708
unch.
Goodyear Tire & Co........
184
U.S., Industrna) Alcohol, ...
217
Great Northern Iron Ore
147
U.S. Rubber
21
10.38b/402 10.45/46 10.48b/49a 10.52/52
10.30/30 10.37/37
.08 off
Great Northern Rly, pfd,
274
US. Rubber $8 pfd.
83
.11 of
Great Western Sugar
201
U.S.. Smelting
69
Interest Rates on Application.
Greyhound Corpn.
111
0.8. Steel
581
Hercules Powder Co.
82
Vanadium
321
SAFE DEPOSIT BOXES
Haiphong
Bankow
New York. "Bestlin
34-3/4
International Harvester
461
Vuitee Aircraft
91
Semarang
4.04-1/4
4"
Int Nickel
28
Walworth Co.
41
Inter. Paper & Power
141
Warner Bros. Pict.
21
This Bank is entirely owned by
TH
Koby
Int. Tel & Tel
21"
Westinghouse Elec.
1081
Kerrecott Copper Lakey Foundry & Mac, ...... Libbey-Owens-Ford Lockheed Aircraft .....
311
Woodward Iron Cor.
281
4
Chase National Bank
291*
Glasi ·423..
National City Bank
244*
291
York London was quoted at 404 Oct. (New contract), 1/4
Duti
MARKET
STERLING
December (
January
March
C
May
No business was reported. There July were sellers at 1/2.31/32 Septem-Spot
ber/December, buyers at 1/3 for Total sales Monday:-134,400-bales: any delivery.
U. S. DOLLARS Nothing Coing. There were sell- era at 22.3/4 for near and 22.13/18 November, buyers at 23.7/8 for Gash
SHANGHAI DOLLARS Quiet. There were sellers at 426
1/3, buyers probably at 427.1/2
- - -, -- SHANGHAI MARKET -
The market closed with sellers
of. Sterling at 3.1/2 for Spot and May
US Dollars at 5.5/18 for. Spot WINNIPEG WHEAT
Shanghai Exchange NEW YORK HIDES
Shanghai, Sept. 25 (Reuter)...
Official T.T. Rates
Total sales for the day!—174, contracts NY Official Silver 34-3/4
London
New York
Japan
India Hongkeng
Sterling
Spot
Sept.
0/3-1/2
Oct.
Spot
Sept,
Oct
Opening
0/3-3/8
5-1/16
21-1/2
18-3/4
22-3/8
0/3-1/2
Monday's sales:--12,072,000 bushels
October
December March
NY-London Cross Rate 4.04
Continental Ou
*1940
-bid.
**
ALSO up to date SATE DEPOSIT terms which may be ascertained at Boxes in varioua sizes. To L
Hong Kong. 28th February, 1940. apy of the Agencies and Branches.
HONGKONG SAVINGS
BANK
ނ
The Business of the above Bank is conducted by the HONGKONG SHANGHAI 'BANKING COR- POBATION. Rules may be obtain- ed on application..
For the HONGKONG & SHANGHAI
**
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
18, PINE STREET,
NEW YORK. An American Bank offering com
plete Foreign Banking Bervice in the principal Markets of the world.
CHASE NATIONAL BANK New York, with Hasonrem: óf 09+4) 1.8.32,900,000,006.
D. M. BIGGAR,
Second Vios Pra
R. A. CAMIDGE,
Manager.
BANK OF EAST ASIA, LIMITED
Paid-Up Capital Authorised Capital:810,000,000.00
Reserva and Undivided
Frofits"...
5,598,000.00
dania 2963, 261.50
Head Offics:—HONG KONG No 10 Des Voeux Road, Central.
Board of Directora:
SIE SHOPSON CHow, Chairmän Li Koon Chun, Esq. Li Lan Bang, Eng... P. K. Kwok, Esq. Wang Cha Son, Esq. Wong Tan Tang, Ean: Kan Ting Fo, Bag, Chan Ching Shok, Esq. Fang Plug Wah Esq KAN TONG PO, Esq., Chief Manager LI TE Foxo, Esq, Manager
Branches and Agencies...
Amay Mtg Koseloom Ferrar Blogiporo Betera Loudon → Barroco
Sourabaya Bombay
Bwstow Melbourne Bas Praz- Sydney
- cimo Tien tila Tapanką, "
cbuyer
Paris
Palping Shanghai
Every description of Banking and Exchange business transacted. Losas granted on approved securities.
Current Accounts opened în Local Currency and Fixed Deposits re ceived for one year or shorter' periods in Local and Foreign Cur- rencies on terms which will be quoted on application.
SAFE EXPOSIT BOXES TO LET
KAN TONG PO,
Chief Manager,
Sellers
Opening Closing
0/3-1/2 0/3-1/2
0/3-31/64 0/3-31/84
U.S. Dollars
$5-5/16 $5-5/16 -
5-5/15 5-9/32"
Market:-Qulet.
India Rupee Paper
5-5/18 5-9/32
Bombay, Sept. 24. (Reuter). Govt. 31% Rupee, 90-06-0.
Calcutta Exchange
Calcutta, Sept. 24 (Reuter). TT" on Japan, 81-1/4.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Sept. 24.
The following quotations are the middle prices at the close of the
LONDON METALS
EXCHANGE
London, Sept. 24 (Reuter), To Standard," "Cash, Middle Price, £254-3/8.
Tin, Standard, 3 months, Middle Price, £258-1/4.
market in London. All quotations The export announcement, did are subject to confirmation and no not improve consumers demand responsibility is assumed for errors but sellers were reserved because of the parity of US. 50 cents re- in transmission.
serve buying price equals £265 in London.
War Loan, 31% (Red.
after 1952)
£
Chartered Bank
High
DOW JONES AVERAGE
Low Dow Jones Averages 15280 111.84 30. Industrials
Sept. 95. 1940,
Business Done: 710,000 shares.
fex, diy.
Sept...23
High Low Close
Change
1.36.10
135.48 133.90 134.44
.68 off
32,67 22.15 20 Rails
20.02.
29.18 28.82 28.00
¡12 of
26.45 18.03 20 Utilities
22.18
29.41 2205 * 29.24
90.81 83,06 40" Bonds
90.22
1017
84.07 48.74 11 Commodity Index
52.38
90,21 6246 .12 off
103 пр 01 aff
Canton-Kloon Rly. 6%
7
hinese 41% Gold Loan
-6-9/18
1898 (Brit. Isrue)
30
mese 5% Gold Bonds. 1925-47
H.K. & Shai Bank (Len
Reg.,
67
35
EK & Bhai Bank (Col.
Chin. 41% Anglo-French
Reg)
72
Loan, 1998
44
Chinese Eng. & Mining
Chinese 5% "Crisp Loan.
(bearer)
1012
12
Chosen Corporation
4,
Chinese 6 Reorg, Loan
1913 (1dn. Is)
Pekin Syndicate
18
S'hai Elec. Conetr, Co.
15
Chin. Imperial Rly, 5
Chinese 8% Ster. Noter.
1825 (Vickets)-
Bhai Waterworks- “A””
131
Я
Union Insurance
20
TO
Gula Kalumpong Rubber
13/9
· ban
38
18.-A, Tob. (bearer)
78/11
Honan Rly 5%
#
Mercantile Bank
Hukuang Rly 5%, 1911...
Dunlop Rubber
281
[" (LP N/Y Issue)¦
12
Bristol Aeroplane
9.
Hukuang Rly. 5%, 1911
Imperial Chemical: Ind.
28/3
.German. Issue),
11
United Steel
17/9
Lung Tung & H. Hai
Woolworths.
56741
Offtake 50 bars.
| Marsmen Investments
6/9
Western Holdings
8/0
Bub-Nigel .......
180
62-14 82-15 :63-00
Shell Trans & Trad
pearery,
35/7
Nat Detence Bonds, 3% 1011 Londen-Midlands-Scol-
tish, 3
SILVER MARKET
LONDON SILVER London, Sept. 24 (Reuter).
Business Silver Market quiet.
very small. In the afternoon, the
market was quietly steady......
Spot, 23-7/184,
-Forward 23-3/8d.
BOMBAY SILVER Bombay, Sept 24 (Reuter). Market-Qulet.
"Ready
Indian Mint : Silver" ·
Oct. 23 Bettlement. Nov. 26 Settlement
LONDON GOLD
London, Sept. 24 (Reuter). Bar Gold, Fine per oz., 169/
Rly. 5% 1913. S'hal-N'King Rly, 5%
Tientsin-Pakow Rly. 5%
(Brit. Etpd.) Tientsin-Pakow Rly, 5%
(German Stpd) Tientsin-Fukow Rly 5% ** (Brit Stpd Supl Loan) 85 Tientsin-Pukow Rly 5%.
(Ger.Etpd. Supl. Loan) .8 Jap. 5% Ster Loan, 1924 31 Ger 7% Intl. Loan, 1924 51
Great Western Half-
way, 3%
Nat Bank of India. 3% 5.241
tex-dividena.
INDO-CHIN
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
BWATOW, SHANGHAL, TSINGTAU, CHEPUO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth alongside the Roosevelt Terminal in the French Concession at
Shanghai, where passengers and cargo are landed.
For further partionlar
please apply to
HARDINE MATHESON CO. LT
TELEPHONES ZOBIILI GENERAL MANAGERS
·BANK ・ OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS AN A * INTERNATIONAL EXCHANGE
PAID-UP CAPITAL $40,000,000.00 (BRATCHES ALL OVER CHINA) Owing to our numerous Branches in Chins and connections in the principal - Commercial Centres of the World, we are able to extend so, our Cliente special facilities for Thirdestic and Foreign Banking and Exchange,
Head Omice: SHANGHAI
Hong Kong Branch.
QUEEN'S ROAD, C. South China Offices-
CANTON
SWATOWS SHIUCHOW
KONGMOON TOIBHAN
KINGCHOW
We also handle the issus of Bonds and other Public Funds of the Chinese Government both at Home and Abroad,
SHOUWICKEN
Manager.