Hon. Mr. T. E. Pearce,
C. O. Roberta, Esq., Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
Chief Hanager.
London Singapore
Chefoo Lyons Sourabaya.
· Patani' Swatow
(Johore) Tientsin Mukden Tokyo New York Tsingtao Peiping
AGENCIES: KOBE
CLAVE STREET
Mais PLATE.
CANTON CAWNPORN CIST
COLOMBO DELHI "BAİPHONE ----NEW-YORK ---TOZORA MAKA
E-PING HAMBUKO HANKOW
(Beking!
FORLION CHamor and Dentral Banking Business transacted.
CURRENT ACComms opened and Fix Deposits received for One Year or shorter periods in Local or Diber Correncies at rates which will be quoted on application.
£
Alleghany Steel Co. Allis Chalmers
NEW YORK, Sept. 23, 1940.
SINGAPORE. RUBBER
Previous Sept. 26 ..Close
War Loan. 31% (Red,
after 1962) Canton-Kloon Rly. 5% Chinese 41% Gold Loan
1017
Zuminium Ltd.
Amer. Can
6
American Cyanamid B.
1808 (Brit, Issue) Opening Closing Change
Amer. & Foreign Power
30
Buyers Buyers
37-1/4
37-3/8 37-3/8
1
S POT
OCT.-DEC.
36-3/4
35-3/4 36-3/4
up 1/8 unch.
Chinese 5% Gold Bonds.
1925-47
Amer& Foreign $7 pf.
35
Amer, Locomotive
Chin. 41% Anglo-French"
Amer. Metals Co.
JAN.-MAR.
35 cts.
35 cts 35 cts.
Loan, 1908
44
Amer. Radiator
PAGE 10-HONGKONG "DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
·COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
LONDON STOCK EXCHANGE
(REDTER'S SERVICE)
London, Sept. 26.
The following quotations are the 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.
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express®
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 27, 1940
Last Sale
SATURDAY, SEPTEMBER 28,
BANKS
1940.
BONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000
Sterling
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:"
Paid-Up Capital
.............***. £3,000,000 £8,500,000 Reserve Fund
£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
‚£3,000,000 prietors. Proprietors
10
..$20,000,000
Head Office:-HONG KONG
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2.
Sub-Agencles In Landon: 117/192, Leadenhall Street, E.0.3
West End Branch; · 14/16, Cookspur Street, "S.WI Manchester Branch: 69, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES
HARRIN PENANG. KONG KONG YANGO0W
STOCKS
Last Sale
Sept. 26
St
Sept. 26
Loew's Inc.
254
221.
Loft Incorperated
201
W
34
Mack Truck Inc.
82 ..
Martin, Glen L
221 313
100
H
McKesson & Robbins, píd. 231*
36
Montgomery Ward
41
1f
Mtain City Copper Co.
38
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
16*
National Aviation
10
15)
Nat. Dairy Products
13)
J. E. Bousfield, Esq., A. H. Compton, Esq.,
161
National Distillers
211
Bon, Mr. S. H. Dodwell,
71
National Lead
181
G. Miskin, Esq.,
Chinese 5 Crisp Loan.
Amer. Rolling Min
12
Nat, Fower & Light
K. S. Morrison, Esq.,
The market was quiet, LONDON RUBBER
1912
12
Amer. Sting and Ring Co.
423
National Supply Corp.
B
ALOE STAL AMRITHAR
BANGKOR BATAVIA
ILDIIN IPOR
SAIGON
SEREMBAN
י
Previous close Today's close
Chinese 5% Reorg. Loan
Amer, Sugar Refining
131
New York Cential
BOMBAY
144
buyers
buyers
Change
1913 (Ldn. Is.)
18
Amer. Tel, & Tel.
1641
Niagara Hudson Power
CALCUTTA
41
TABACO! XLANG
SHANGHAI
SINGAPOR
SPO
1134
-11-3/18
off 3/18
OCTOBER
11-3/4
11-9/16
off 3/16
Chinese 8% Ster Notes,
1925 (Vickers)
Amer, Tobacco "B" ........
781
N. American Aviation
HITIAWAN
174
Amer. Waterworks .....................
8
North American Co.
187
分
..
NOVEMBER
11-374---
11-9/16
JAN.-MAR.
11-9/18 11-1/2
11-9/16
off 3/16 unch.
APRIL-JUNE
After ruling quiet, the market-was-easter-on the lack of interest NEW YORK COTTON: There is a good mill demand. Hedging is
light due to the small crop movement.
OFICAGO WHEAT: Cash wheat is selling above the Loan rate in-
many places. Any further advances would bring out the possi bility of liquidation of Loan stocks.
NEW YORK STOCKS: Previous cluse. 134.15: Today's close, 133.50:
Change, off 65.
NEW YORK COMMODITY. MARKET :
(REUTER'S SERVICE)
Tientsin-Pukcw Rly. 5%
(German Stpd.) Tientsin-Pukow Rly.5%
(Brit. Stpd. Supt Loan) 8 Tientsin-Pukow Rly. 3%
Chin. Imperial Rly. 5%
Loali
Anaconda Copper
221
Northern Paplic
71
41
Atchison, T. 8. Fe.
181
Owens-Illinois Glass Co.
53
11-3/8
of 1/8
Aviation Corp.
42.
Pacific Gas & Flee
291
Amoy
Honan Rly. 5% Fukuang Rly 5% 1911
-10
Baldwin Lecometive
154
Packard Motors
34
Bangkol Kobe
Branches: Jobore Rangoon
Saigon
KEALA
KEGRING
MADRAS
MANILA
MEDAN
BOMBARAZA
LUMPUR
TAIPING TIENTSIN
TONGEAD
(Bhuket)
TSINGTAO
(LP. N/Y Issue) Hukyang Rly 5%. 1911
(German Issue)
Baltimore & Ohio"
12
Pan-American Airways
15
Batavia.
Kowloon-San-
Barber Asphalt Co.
101*
Paramount Pictures
61
Bombay
Kuala
Francisco
10
Barrisdall'On
3
Pennsylvania RR.
221
Calcutta Lumpur Shanghai
Canton
Lung Tsing U. Ha!
Rly. 5% 1913
Bendix Aviation
31
Philadelphia Read, Coal
#
8.
Bethlehem Steel
791
Phillips Petroleum
36
Colombo Malneca
Sungei
S'hal-N'King Rly. 5%
12
Bliss & Co.
15
Public Service of NJ,
34)
Daireu
Tientaln-Fukow Rly: 5%
(Brit. Stpd.)
Boeing Airplane Co.
150
Pullman Inc...
211
Foochow
Manila Muar
Borg-Warner
18
Pure Of
Haiphong
Briggs Mfg.
214
Radio Corpn. ofɑ Am.,
43.
Bankow
Budd M'facturing Corp.
43
Reading Company,
Com
14
Harbia
Canadian Pacific R'way
31
Remington Arms Co., Inc.
Iloilo
52*
Case, J.L
534*
Republic Aviation Corp....
5+
!pob
Penang
Celanese
29
Republic Steel
171
Prev. Today's
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON Oct. (New contract)
9.67 9.59 19.21 19.15
801 797 581
571
10.37 10.12 10.30 10.35
9.59 .9.88 .07 up 19.18 19.21 .03 up 791 793 unch. 581
571 1 of .05 up
Close
Opening
Closing
(Ger, Stpd. Supl, Loan) 8 Jap. 6% Ster. Loan, 1924 31 Ger. 7% Intl. Loan. 1924 51 Chartered Bank....... H.K. S'hat Bank (Ldn
Reg.: Change H.K. & Shal Bank (Col
Chesapeake & Ohio
401
Revere Corp.
12
Chrysler Corpn.
791
Reynold Tobac. "B"
357
Columbia Gas & Elec......
58
Safeway Stores
43*
Commercial Credit Co.
317
61
Schenley Distillers
101
Com & Southern (Ord.)
1+
Sears Roebuck
83
Consolidated Edison
271
གླ
Shell Union 011
91
Consolidated O
6
Socony-Vacuum Oll
은곳
9.59 (59..
-9.58/58
9.65/66
07 up.
December (
9.59/00
9.60/60
January
{
9.49 N
9.500/520
March.
).
9.43/48
0.48/48
May
9.32/32
July
9.11/11
9.33/33".. -9:10/11-
Spot
.....
9.77 N
9.68/67 9.57n 9.56/59 9.43/44 -9.20/20
9.84n
.07 up
Reg) Chinese Eng. & Mining
(bearer)
Continental Can
401
72
Southern Pacific
9
Continental Of
IBA
Southern Rly $5 pfd."
201
14
Copperweld Steel
103
Spicer Manufacturing Co.
331
.08 up
Chosen Corporation
Curtiss Wright (C)
72
4
Standard Brands
et".
08 up
Pekin Syndicate
.. 2
Curtiss Wright "A"
277
Stand Gas & Elec.
11*
11 up
S'hal Elec. Constr. Co..... 15
Deere & "Co.
212
Standard Oil of California
173
.09 up
S'hal Waterworts “A”
13
Distillers Corpn. Seagrams
173
Standard O1.ø1_N.J
344
.07
up
Unton Insurance
20.
Douglas Aircraft
77
Stone & Webster.
Total sales Wednesday:-89.000 bales.
NEW YORK RUBBER
Gula Kalumpòng Rubber
1379
Du Pont de Nemours
1734
Studebaker Com.
#7
8.-A. Tob, (bearer)... 78/11
Eagle Picher Lead.
44.
Swift International
18
Mercantile Bank
11
Eaton Mfg. Co.
331
Technicolor
91
December
January
March
May ....
19.18/18 19.10b/14a
19.10 N 18.95/96 18.25 B
unquoted 18.07/97. 18.88b
19.21/21 19.15b
19.05/05 18.95b
.03, up
Dunlap Rubber
28/3
Elec. Autolite
36
Texas Corpn.
363.
.05. up .09
Bristol Aeroplane
9/1
Elec Band & Share
54
Texes Gulf Sulphur
33
Imperial Chemical Ind. 20/6
Elec. Bond & Share $5 pr.
54"
Timken-Axle
277
.10 up
United Steel
17/104
Elec Bond & Share $6 pf.
72
Trans-America Co.
43
Deceliber
May
Total sales:--520 tons,
CHICAGO WHEAT
Wednesday's sales:-11,832,000 husbels.
Woolworths......
55/9
Marsman Investments...
8/9
Elec. Power & Light $7 pf. Flintkote
370
.
20th Cent. Fox
6.
163
Union Bag & Paper Corp. 12
Western Holdings
8/9
Gen, American Trans.
50
Union Carbide & Carbon" 743
303/791
80 801
791/797
80/791
792/793 793/707
unch,
Sub-Nigel
160
Gen, Electric
35%
THE CHASE BANK
Union Pacific
831*
A off
Shell Trans
Trad.
Gen. Moters
491
United Aircraft
401
15, QUEEN'S ROAD, CENTRA¡
[hearer)
35/74
Gen: Railway Signal
133
United Alrithes Trans
161
CHICAGO CORN
Nat Defence Bonds, 3%
1014
Gen. Tire & Rubber
121
United Corpri
17
Landen-Midlands-Scot-
Glidden Co.
143*.
United Corph. $3 cum pf. 36
December "g......
587588
58/682
May
591/591
591/59!
572/573 58/588
off
off
tish, 3%
11&
Gondrich (BF.)
121.
United Gas, Corpn.
WINNIPEG WHEAT
Great Western Rail-
way. 3%
Goodrich $5 pf.
564*
United Gas Improvement 114
28
Goodyear Tire & Co.
101
U.S., Industrual Alcohol.
22
October
70%
70/70
70B
unch. Nat. Bank of India. 3% f-ex-dividend
241
Great Northern Iron Ore
15
U.S. Rubber
Great Northern Rly, pid.
271
US. Rubber $8 pfd,
NEW YORK HIDES
Great Western Sugar
201
U.S. Smelting
·641
December
10,30/30
:
NY- Official Silver
Marci
Total sales for the day:-84 contracts.
NY-London Cross Rate 4.05
10.20/23 10.38b/40 10.34/34
10.35/35 10.40/40
.05 up .02 up
Greyhound Corpn.
114
U.S. Steel
573
Hercules Powder Co
82*
Vanadium
Homestake Mining
-46)
Vultee Aircraft
Int Nickel
274
Walworth Co.
42
'24-3/4
34-3/4
Inter. Paper & Power
133
Warner Bros. Pict.
24
4.03-3/4
Int, Tel, & Tel
21
Westinghouse Elec.
Kenrecott Copper
314
Lakey Foundry & Mac...... Libbey-Owens-Ford
41
Glass 242
Woodward Iron Cor. Chase National Bank National City Bank
£ £ * § * * * Z J £ ¤ õ
Amoy
Batavia
Boss Day
Hphong Fankow Eonolulu
Sabe
Kerricon
1071
291*
241*
Lockneed Aircraft
289
WEEKLY RETURNS
AND REPORTS
BANK OF ENGLAND
LONDON, Sept. 28 (Reuter,
Public Deposits Other Depostte:-
Banters
Other Accounts
Total
Sept. 19
ச
Sept. 26
£ 13,530
SILVER MARKET-
LONDON SILVER
London. Sept 26 (Reuter). Silver.-Market quiet and fea- tureless Business very small. In the market was the afternoon, very quiet with no business.
Spot, 23-7/18d.
Forward, 23-3/8d.
BOMBAY SILVER
Bombay, Sept. 26 (Reuter).
Market Quietly steady. Oftake
1940
DOW JONES AVERAGE
High Low Dow Jones Averages Sept.. 25
Change
Sept. 27, 1940. High Low, Close 1340),133.00.133,50 ,85 off 22.812848 28.59 24 off 29.24 22:10 22.18 .13 off 80.11 .00 off 62.74 07 off Business Done: -440,000 shares
10,800
*l* ་
75 bars.
128,780
115,900
152.80 111.84 30
Industrials
134.18
52,160
51.000
Indian Mint Silver
Total
181,950
167,880
CO
Securities
157,820
147,810
Ready
Other
Oct. 23 Bettlement
Discounts and Advances
3,730
3.540
Nov. 28 Settlement
62-12 62-13 62-14
3267 22.18 20 28.45 18.03 20
90.61 83.00 40 61.07 48.74 11
Rails Utilities Bonds
28.83
22 28
Commodity Inder
190.17
59,81
Securities
23,260
21.080
Total
26,990
25.530
Notes and Coins
25,130
20,280
Total Bunion
1140
"Notes in circulation
608,010
1,040 504,780
13.09%
168/
Ratio of Reserve to Liabilities
Price of Gold at which holdings are valued
FEDERAL RESERVE SYSTEM
14.48%
163/-
INDO-CHINA
Yokohama
SAVINGS ACCOurts also opened in Local, Currency and Sterling with
CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CORBENCY and Fixso DEPUTYS on application.
The Bank's Head Office in London received for one year or shorter periods in Local and other Our undertakes Executer and Trustee renties on terma which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
Buzza in various sizes To LET.
Atao up to date "SAFE DEPOSIT terms which may be ascertained as
any of the Agencies and Branches.
R A CAMIDGĖ,
Hong Kong. 28th February. 1940,
HONGKONG SAVINGS
BANK
The Business of the above Bank -is-conducted-by-the-HONGKONG & SHANGHAI BANKING. COR- PORATION. Rules may be obtain- ed on application.
For the, HONGKUNG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb. 1839.
Manager.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital ........ 5,598,000.00 Reserve and Undivided
Profits.......
..2,v83,261.58
Head Once: HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sia Saopeng.Onow, Chairman Li Koon Chun, Esq. ⠀⠀⠀ Li Lan Sang, Esq. P. E. Kwok. Ex. Wong Chisor, Đin Wong Tim Tong, Esq. Kaa Ying Po, Rag. Chan Ching Shok, Esq. Fung Ping Wah Esq. 18, PINE STAZET,
KAN TONG PO, Esq., Chief Manager NEW YORKLI Tar FoxG, Esq., Manager
HEAD OFFICE:
An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world.
Interest Rates no Application..
SAFE DEPOSIT BOXES
This (Bank is entirely owned ́h*
NATIONAL THE CHASE
BANK NEW YORK, with Besources of ord U.8.$2,900,000,000.
D. M. BIGGAR,
Second Fice Prs
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Straat, London, EC3
Authorised Ospital Bibsribed. Capital.. Paid-up Capital Reserve Fund and Rest,
BANKERS:
£3,000,000
21,800,000
£1.000.000
21,251,019
The Bank of England and Midland
Bank, Ltd. BRANCHE:"
Hongkong.. Expwrab
Ipo Jadha Exantan Kandy Karachi
Kota Bha Kunis Lépis
Kuala Trengga Nada New York
Penang Rangoon Bhanghai
Simi
Kunis Lámpar„ „Šingspore
HONG KONG BRANCH:
STEAM NAVIGATION COMPANY LTD etter of asking, and Erebenge
Operating Services for Cargo and Passengers
Bept. 19
NEW YORK, Sept. 28 (Reuter).
Sept. 28 chmitted)
Bills Bought
TO-
U.S. Securities held
Federal Reserve Ratio
Federal Reserve Credit Outstanding.
2,434,000 89.52% 2,485,000
Monetary Gold' Stock
21.093,000
8.612,000
2,434.000 89.63% 2,472,000 21,160,000 8,664,000
Industrial Advances
LONDON STOCK
EXCHANGE:
BROKERS
LOANS
New York, Sept. 20 (Reuter). Loan on securities to hrpkers in
LONDON Sent. 27 (Reuter-New York-
Week-ended On the Stock Exchange yesterday. zült-edged holdings attracted the majority of bavers, most prices rising sharply...
Kafiirs fluctuated throughout the session but closed almost un changed on the day, h
Among the oils, Burma shares, advanced from 45/76 to 48/3d. on
19/9/40 $295,000,000
Week-ended
26/9/40 $301,000,000
maintenance of the interim divl dend of 5 per cent
Wall Street was irregular
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBR and OSAKA
SINGAPORE PENANG adi CALCUTTA
BANDAKAN
HAIPHONG
All steamers berth alongside, the Roosevelt Terminal in the French Concession at Shanghai, whore passengers and cargo are landed.
For further partionla
please apply tom
JARDINE MATHESON&CO.LT
TELEPHONTÉZTOMILYGENERAL MANAGERS
Branches and Agenciespra
Loudon Manila
Melbourne Nagaczka
Peng
Lauroon
Slugsporo
Bourabaya
Satron Swatom
San Fran. Sydney
disco Tigution
Bemarang Shanghai
New York Benttia. Parir
Polying
よなせver
Every description of Banking and. Exchange business transacted. Loans, granted ou approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re ceived for on. your or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE LEPOSIT 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 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches TRUSTEE AND EXECUTORSHIP in Chins and connections in the
baisioven translated.
UNDERTAKEN
CURRENT ACCOUNTS opened in Local Out vency . FIXED DEPOSITs recaired in Lacal Currency & BAKELING on forms that may be scertained on spy liesties,
D. BENSON,
What do
Manager.
you want ?
If there is anything you want to buy o sell try a email Classifed advertise ment in the Hong- kong Daily Prem
25 words $1.50 prepaid for 3 insertions.
principal Commercial Centres of the World, we are able to extend 'o our Cliente special facilities for Domestic and Foreign Banking arð Exchange.
Head Office:---SHANGHAI
· Hong Kong Branch,
QUEEN'S ROAD, C. Youth China Offces:
KANTORAMO
SWATOWY
SHLUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Publio Funds of the Chinese Government both at Home and Abroad.
SHOU I CHEN
Manager.
"