STOCKS
Adams Express
Aleghany Steel Co.
2415
Afis Chalmers
Acuminium Ltd.
52 3/1
Amer. Can
[00
NEW YORK, Sept. 25, 1940. SINGAPORE RUBBER
American Cyanamid B.
Previous Sept. 25
Amer. & Foreign Power ...
Transfer
392 1/2
SF OT
OCT.-DEC.
JAN.-MAR.
****** 34-7/8
35
Close Opening Closing Change
Buyers Buyers 37-1/2 37-5/8 38-3/4 38-5/8
AmerForeign $7 p.
Amer. Locomotive
37-1/4 36-3/4 33
of 1/4
Ame:. Metala Co.
up 1/8
Amer. Radiator
up 1/8
Amer. Rolling Mill
Amer. Sting and R'ing Co.
The market was slightly easter. LONDON RUBBER
Amer. Sugar Refining
Previous close Today's close
buyers
buyers
Change
Amer. Tel, & Tel
Amer. Tobacco "B"
SPOT
11-13/18
11-3/4-
off 1/16
OCTOBER.
11-13/16
11-3/4
of 1/16
Amer. Waterworks
Anaconda Copper
NOVEMBER
11-778
~11-374-
-off-178-
Atchison, T. & § Fe.
97 1/4
JAN-MAR.
11-11/16
11-9/16
Aviation Corp.
APRIL-JUNE
11-9/16
11-1/2
off F/16
44 74
149,1/2
Bank Buying Rate
23 7/16
London
Opening
0/3-3/8
5-1/16
Japan
21-1/2
India
18-3/4
Hongkong
22-3/8
Sterling
|
Sellers
On Bangkok:~.
On demand
On Sterling Note:-
Bar Silver per oz.
Shanghai Exchange
Shanghai, Sept. 26 (Reuter).
Official T.T. Rates
New York
After ruling quiet, market eased under freer offers. but later improved and closed steady but quiet.
NEW YORK COTTON: The Continent is a moderate buyer for dis- tant months, while the South is selling. Hedging is small. The tone remains steady.
NEW YORK RUBBER: A slight ly better market is expected. The
have entered Rubber Reserve Corporation is reported to market.
CHICAGO WHEAT: The world wheat crop is estimated
Bendix Aviation
Baldwin Lecometive
Baltimore & Ohio....
Barber Asphalt Co. Barnsdall 01
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 26, 1910.
On London
Telegraphic
Transfer. 7/8
Bank Bills, on demand 1/275
Credits 4 months" sight 131/2
On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:-
Telegraphic
and demand.......
On New York:--
Bank Bills, on demand 29 3/8 Credits, 60 days sight 93 1/4
On Batavia:-
On demand... 41 7/8
On Paris: “.
Bank Bills, on demand 1085 Credits-4-months aight 1160
On Saigon:-
On demand
On Manila:
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE- & CO.)
off 1/8
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 24, 1940.
FRIDAY, SEPTEMBER 27, 1940.
BANKS
RONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND 'CHINA -
corporated by Royal Charter, 1858
BANKING CORPORATION
Authorised Capital....... $50,000,000 Issued & Fully Paid-Up 890,000,000
Reserve Funds: Sterling
Paid-Up Capital
£6,500,000
Reserve Fund
prietors
H.E. Currency Reserve 310,000,000
Reserve Liability of
Proprietors
.$90,000,000
Head Office:-HONG KONG
Roard of Directors: H. V. Wilkinson, Esq.,
Chairman.
Hon. Mr. J. J. Paterson,
Deputy Chairman, J. K. Bousfeld, Esq.,” A. H. Compton, Esq.,
T. E. Pearce, Esq.,
C. O. Roberts, Esq.,-
Hon. Mr. A. L. Shields,
Sir Vandelear M. Grayburn,
Chief Manager.
....£3,000,000
£3,000,000
...£3,000,000
Reserve Liability of Pro-
BEAD OFFICE: LONDON:
38, Bishopsgate E.0.2
Sub-Agencies In Landon: 117/199, Leadenhall Street, B.C.3 West End Branch: 11/16, Cookspur Street, S.W 1 Manchester Branch:
69, Mosley Street, Manchester, L
AGENCIES AND BRANCHES
ALOR STAR AMBITBAR BANGKOK
BATAVIA BOMBAY
CALCUNETA
HABBIN
PANASO
HONA KONG BANGOUN
ILOILO IPOR
SALOON
SEREMBAN
БАВАСНІ KLANG
SHANGHA
SINGAPU
SITIAWAN
SOU BARATA
AGENGLER: KOBE CLIVE STEZET Farazia: PLACE
CANTON
CAWNYOBN
CEBU COLOMBO
KUALA
LUMFUR
MADEA! MANILA
TAIPINO
-TIENTAIM
ТОМСКАЯ
(Bhuket)
TRINGTAO
TOKOBAN
Last Sale 44
Sept. 25
FTOCKS
Last Sale
Sept. 25
58 Loew's Inc.
251
221
Loft Incorperated
201
34
Mack Truck Inc.
231
84
| Martin, Glen L
321
B01
McKesson & Robbins, pís.
23
361
Montgomery Ward
42)
11
M'täin City Copper Co.
31
16
National Aviation
104
15)
Nat, Dairy Products
131
171
National Distillers
21
Hon. Mr. 8. H. Dodwell,
National Lead
181.
121
O Miskin, Esq.,
Nat, Fower & Light
72
K. S. Morrison, Esq.,
43)
National Supply Corp.
131*
New York Cential
141
1613
Niagara Hudson Power
48
79
N. American Aviation .....
172
88
North American Co.
181
231
Northern Pacific
73
17
Owens-Illinois Glass Co.
531
Branches:
#
Pacific Gas & Mee
291...
151
Packard Motors
Amoy
32
41
"Bangkok
Pan-American Airways
15
Batavia
LOA
Paramount Pictures
7
Bombay
Kuala
Johore Rangoon Kobe
Saigon San Kowloon
Francisco
DELHI
VEDAK
Pennsylvania -RR-
-221-
Calcutta-Lumpur Shanghai.
321
Philadelphia Read" Coar
Canton
London
Bethlehem Steel
80
Phillips Petroleum
36
Chafoo
Bliss Co.
153
Public Service of NJ.......
351
Colombe
Malacon"
Lyons Sourabaya
Singapore
'Sungei
the
Boeing Airplane Co.
181
Dairen
Manila
Fatani
Pullman Inc....................................................
211
Borg-Warner
18
Pure Oll
74
Foochow
Muar
Swatow
Briggs Mig.
221
Radio Corpn. of Am.
41
01
▸
NEW YORK STOCKS: Previous close, 134.44: Today's close, 134.15;
Change, of 29.
NEW YORK COMMODITY MARKET
at 3,920,- 000,000 bushels compared to the large 1939 crop of 4,270,000,000 bushels.
Baskow
Budd M'facturing Corp.
41
Reading Company,
Gpm
142
Harbin ..
Canadian Pacific R'way
31
Remington" Arms Co., Inc.
·57′′
Boile
Peiping
New York Tsingtao
Yokohama
Case, JI....
56
Republic Aviation Corp.
5)
Ipoh
Celanese
Chesapeake & Ohio
Chrysler Corpn.
"29)
Republic Steel
181
404
Revere Corp.
121
701
Reynold Tobac. "B"
36
Columbia Gas & Elec,
51"
Safeway Stores
43*
Commercial Credit Co.
32
Schenley Distillers
101
Com, & Southern (Ord.)
1
Sears Roebuck
(REUTER'S SERVICE)
Consolidated Edison
27).
Shell Union O
Spot
Sept.
Oct
Spot
Opening Closing 0/3-1/2 0/3-35/64 0/3-1/2 0/3-35/64 0/3-31/64 0/3-17/32 0.8, Dollars
$5-5/16 $5-13/32
Sept.
5-5/16
5-13/32
5-8/32
5-3/8
New York Cottor, Dec. New York Ribber, Dec. Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON Oct. (New contract)
Prev. Today's $.50
9.59 9.60
9:54 19.18 19.09 19.11 18.18 301 79 791 793 581 571
.. 581 10.45 10.20
Consolidated 01
61
Socony-Vacunum O
.05 up .07 up
Continental Can
401
Southern Pacific
9
Continental Oll
182
Southern Rly $5 pid.
21
i
up
Copperweld Steel
20
Spicer Manufacturing Co. 33+
58 10.30 10.30
up
Curtias Wright (C.)
B
Standard Brands
61
Close 9.54/54"
Market: Qulet.
December
}
9.54/54
January
{
>
9.45/45
Opening 9.58/58 9.59/57 9.45b/47a
Closing
unch.
Change
Curtiss Wright "A"
271
Stand Gas & Elec
1**
Haiphong (Johore) Tientsin
Mukden Tokyo
Penang
HANTOW
NEW YORK PELPING
̈ ̈ ̈(Peking)
FORLON EXCHANGE and Gearsl Banking Businese 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.
- է
SAVINGS ACCOunts also opened in Local Currency and Sterling with interest allowed at rates obtainabi on application."
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FixED DEBIT received for one year or shorter! The Bank's Head Office in London periods in Local and other Cur undertakes Executor and Trustee rencies terms which will be business, and claims recovery of quoted on application.
0.3
ALSO up to date SAFE DEPOSIT BOXES in various sizes To Lar Hong Kong. 26th February, 1940.
HONGKONG SAVINGS
BANK
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
HAIPHONG
HAMBURG
Deere & Co.
213
Standard Oil of Californis
18
11
Distillers Corpn. Seagrams
17"
9.58/59
.04 up
Standard Oil of N.J.
35
The Business of the above Bank
Douglas Aircraft
78"
Stone & Webster..
01
is conducted by the HONGKONG
9.59/60
.05 up
Du Pont de Nemours
172}
9.49n
04 up
Studebaker Com
73
17
Eagle Picher Lead
91
India Rupee Paper
Swift International
181
& SHANGHAI BANKING COR PORATION. Rules may be obtain---
March
{
}
9.44/44
9.45/45
9.48/48
.04 up
Eaton Mfg. Co.
33+
Borobay, Sept. 25 (Reuter).
May
(
>
14
...... 9.28 N
9.23 23
9.32/32
Technicolor
91.
ed on application.
.04 up
Elec. Autolite
361
Govt 3 Rupee, 90-12-0.
July
{
1
}
9.05/05
9:04/04
47
Spot
9.73 N
9.11/11 9.77n
.06 up
Texas Corpn.
364
Elec Bond & Share
54
.04 "up
Texes Gulf Sulphur
334
Elec. Bond & Share $5 pr.
644
Timken-Axle
281
May
May
Calentia Exchange
Calcutta, Sept. 25 (Reuter). Ton Japan, 81-174.---.
SILVER MARKET
LONDON SILVER. London, Sept. 25 (Reuter. Suver-Market quietly steady. Business very small. In the after- the market was quietly noon, steady.
Spot, 23-7/16d,
Forward, 23-3/80)
BOMBAY SILVER Bombay, Sept. 25. (Reuter}.
Market Quietly", steady, Offtake
50 Mura
Total sales Tuesday:-154.600 bales.
NEW YORK RUBBER
19.11b/122 19.09/09 19.06/06 18.96b/972 18.88/88
J Total sales:-580 tons.
CHICAGO WHEAT December
Tuesday's sales:-10,481,000 bushels, CHICAGO CORN December
Elec Bord & Share $6 pr.
731
Trans-America Co.
43
Elec.. Fower & Light $7 pf.
381
20th Cent. FOX
December
January
March May
unquoted, 18.99/93 18.87b/92a
19.18/18 19.10n 18.90/96 18.85b
פט · 07.
Pintkote
161
Union Bag & Paper Corp.
121.
.04 up
Gen." American TraDA.......
49*
Union Carbide & Carbon
751
unch.
Gen Electric .......
35%
Union Pacific
83.4
.03 off
Gen Motors
494
United Aircraft
401
Gen. Railway Signal
134
United Airlines Trans
16
***
Gen. Tire & Rubber
127
United Corpn.
17
58/58 797/791
791/791 -792/794
80/793 801/801
up
Glidden Co.
14)
United Corpn. 33 eum pt.
36
up
Goodrich (BF)
12*
Goodrich $5 pf. ......
58*
Goodyear Tire & Co. .....
161
United Gas Corpn..... United Gas Improvement 114 US.. Industraal Alcohol.
11
221
58358 59/59
577/577 .581/581
581/58 691/591
Great Northern Iron Ore
15
1 up
US. Rubber
211
Great Northern Rly, pfd.
271
i up
US. Rubber $8 pfd. ...........
81
Great Western Sugar
201
U.S. Smelting
64
Interest Rates on Application.
WINNIPEG · WHEAT October
Greyhound Corpa.
111
U.S. Steel
58+
70%
70a
70a
unch.
Hercules Powder Co.
324
Vanadium
327
SAFE DEPOSIT BOXES
NEW YORK HIDES December. March
Homestake Mining
467
Vultee Aircraft
睡
10.30/30 10.37/37
10,22/22 10.31/32
Oct 23 Settlement
28 Settlement
Indian Mint Silver
Ready
62-13
62-14
82-15
10.30/30
unch. 10.38b/40a .01 up
Int Nickel
271
Walworth Co.
42
Inter. Paper & Power
144
Warner Bros. Pict.....
21
34-3/4
NY-London Cross Rate 4.04-1/4-
34-374
4,05
Total sales for the day:86 contracts. NY offcial Suver
RESERVE BANK OF LONDON STOCK
INDIA STATEMENT
Calcutta, Sept. 25-(Reuter).
Sept. 13 Sept. 20
Notes In circulation
(including Notes
held in the Bank-
ing Department)... 25,861 25,836
Rupee Coin and Bul-
EXCHANGE
(REUTER'S SERVICE)
London, Sept. 25.
LONDON "GOLD
London, Sept. 25 (Reuter). Bar Gold, Pine per oz., 168/-
The following quotations are the (Brit. Stpd. Supt. Loan) 8 middle prices at the close of the
market in London. All quotations
Tientsin-Pukow Rly. 5%
(Ger. 6tpd. Supl. Loan! 8
Lakey Foundry & Mac, Libbey-Owens-Ford Lockheed Aircraft
1940
-bid.
f-ex, div. DOW JONES AVERAGE
High Low Dow Jones Averages
Industrials 16880 111.84 30
32.67 22.16.20 Rails
Sept. 26, 1940, High Low Close
Sept.. 21
134.44
Change
134.59 133.40 134,15
28.00
28.97 28.72
.29 off 28.9307 of
28.40 1803 20
90.81 83.00 40
Ctilities Bonds 64.07 4874 11 Commodity Index
22.24
90.91
52.46
22.32 22.15 22.29 05 up 90.17.04 up 62.81
36 up Business Done:-100,000 shares
6-9/16.
are subject to confirmation and no Jap. 5% Ster, Loan, 1924 30 responsibility is assumed for errors Ger, '7% Intl. Loan, 1924 51 in transmission.
Int. Tel, & Tel
219
Westinghouse Elec...
1084
Kennecott Copper
32
Woodward Iron Cor.
284
41
Glas 421
Chase National Bank National City Bank
291*
244"
29+*
For the HONGKONG & SHANGHAY BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 28th Feb. 1939.
THE CHASE BANK
10, QUEEN'S ROAD, CENTRA}
HEAD OFFICE
18, PINE STREET,
NEW YORK An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world.
This Bank is entirely owned by BANK THE CHASE NATIONAL New Your, with Besources of prij] 17.8.$2,900,000,000.
BANK OF EAST · ASIA, LIMITED
Authorised Capital. Paid Up
Capital deserve and Undivided
Profits
$10,000,000.00 5,598,800.00
..2:83,261.50
Head Office: HONG KONG No. 10 Des Voeux Road, Centrál,
Board of Directors:
Li Koon Chun, Zeg, F. K. Kwok, Zaq
VIR SHOTSON CHOW, Chairman Li Lan Sang, Erg. Wong Chu Bon, Esq. Kan Ying Pu, Bag, Chan Ching Shox, o Fang Ping. Wah Eng Kar Tong Po, Esq, Chief Manager
Wong Tan Tong, Baq.
LI THE FONG, Esq., Manager
Branches and Agencies:-
Curloonsag
Singapore London Bangudo Souzabaya
Balpon
Beatow Melbourne Be Fran- Bylowy
Met dieos Bentzia
Brettle
Bemarang
Shangha
Couver
Every description of Badking and Exchange business transacted. Lowas granted on approved securities.
Current Accounts opened in Local Second Vice PrCurrency and Fixed Deposita re
D. M. BIGGAR,_//
ceived for one year or shorter periods in Local and Foreign Car- raucies on terms which will be
noted on application.
SAFE EXPOSIT BOTES TO LET.
KAN TONG PO,
Chief Manager.
Amoy
Batavi Bombay
Manlia
alextio
Haiphong
Hankow
New York
Aczelalu
Part
abe
Poplar
lion in India. ....................... Gold Coin and Bul-
lion in India
3,348
4.441
2.282
Chartered Bank
Securities (Indian
Government)
4,961
4,441
4,361
£
Securities (British
Government)
13,150 13,150
War Loan. 31% (Red.
after 1952) Janton-K'loon Rly. 5% 7 Chinese 41% Gold Loan
4 :
H.K. & 8'hal Bank (Ldn
Reg.) 101-13/16. | H.K, & 8ħal Bank (Col
1838 (Brit. Isaže). ...........
1925-47...
Lung Tsing & U. Hat
8
12
LONDON METALS Chinese 5% Gold Bonds.
Tin,
EXCHANGE
London, Sept. 25 (Reuter),
Standard. Cash. Middle Price,, £256 bid.
Tin, Standard, 3 months, Middle Price, 2259-1/4.
Improvement due to better de- mund by consumers, especially in the United States, where custom ere seem to feul that it is now prudent to cover, at least their current needs.
LONDON STOCK EXCHANGE
Chin. 41% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan.
1912 Chinese 5% Reorg. Loan,
1913, (Ldn..Is.) Chinese 8% Ster. Noten,
1928 (Vickers) Chin. Imperial RIF. 5%
Loan....
Honan Rly 5% Hukuang Rly. 5% 1911. (LP. N/T Issue)..... jukuang Rly: 5%, 1911
German Issue)
LONDON, Sept. 26 (Reuter) Rly. 5% 1913
In the Stock Exchange Gilt-edged Shai-N'King Rly..ög" were strong and active on localientsin-Pukow Rly, 5%
(Brit. Stpd.) buying. Leading Industrials and
Gold-minings attracted support Tientsin-Pukow Rly. 5% but other groups were irregular.
Wall Street was easy,
(German Stpd.) ................ Tientsin-Pukow, Rly. 5%
Nat Defence, Bonds, 3% 1017
London-Midlands-ficot-
tish, 3%
Great Western Rail-
way, 3%
111.
Nat Bank of India. 3% 241
1-ex-dividena
30
Reg) Chinese Eng. & Mining
(beater) --
''72
35
Chosen Corporation
3,5
Pekin Syndicate
2
S'hal Elec. Constr. Co.
18
"44.
8hai Waterworks "A"
131
Union Insurance
20
TO-
Gula Kalumpong Rubber
B.-A, Tob. (bearer).
13/9 78/9
18
Mercantile Bank
11
Dunlop Rubber
28/41
Bristol Aeroplane
Imperial "Chemical Ind. 26/0
United steel
17/101
Woolworths
55/3
Maraman Investments.
8/9.
Western Holdinga
8/9
Sub-Nigel
160
the Roosevelt Terminal in the French Concession at Shanghai, where passengers
**
Shell TranS, & Trad
*(bearer)
35/71
INDO-CHINA
·BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE BANK PAID-UP CAPITAL $40,000,000.00
STEAM NAVIGATION COMPANY LTD (BRANCHES ALL OVER CHLYA)
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and 'CALCUTTA'
SANDAKAN
HAIPHONG
All steamers berth alongsirle
and cargo are landed:-
For further particulars
please apply to
JARDINE MATHESON& Co.Ln. TELEPHONE: 303IL. GENERAL MANAGERS
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 e
Head OfficeSHANGHAI Hong Kong Branch:
4. QUEEN'S BOAD, C South China Offers:
CANTON
SWATOW
|SHLUCHOW.
KONGMOON TOIBHAN
KINGCHOW
We also handle the issue of Bónda and other Public Funds of the Chinese Government both at Home. and Abrad
SHOUJ CHEN,
Manager.