On demand
On Bangkok:-
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz,
Market Report
The market was steady.
NEW YORK COTTON: Hedging is more active, but
support is in evidence. The 'market is now awaiting a technical correction and an increase of hedges, but we would utilize easy spots for accumulation, believing that the Loan will ultimately tighten the "spot" situation.
(Johore) Tientsia
PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted..
CURRENT "AccoCETS opened" `and FIXED DEPOsita received for One Year or shorter periods in Looni_or Other Currencies" at rates which will be quoted on application.
Adams Express
Alleghany Steel Co.
415
Allis Chalmers
52 3/4
Aluminium Ltd,
NEW YORK October 1, 1940
Amer. Can.....
105
SINGAPORE RUBBER
Transter.
62-1/2
Previous October 1
Close Opening Closing Buyers Buyers
American Cyanamid B
Change
Amer. & Foreign Power
Amer & Foreign:$7 pf. ...
SPOT
37-1/2
.37-172 37-1/4
6·1/4
Amer. Locomotive
Amer. Metals Co...
OCT.-DEC.
37-1/4
JAN.-MAR.
35-1/8 35-1/8
APR.-JUNE
33-3/4
35 cts. 33-5/8
off 1/8
Amer, Radiator
Amer. Rolling Mill
Amer. S'ting and R'ing Co.
On Batavia:-
On demand
...... 43
On Paris:-
The market was quiet, LONDON RUBBER
Amer, Sugar Refining
Previous close Today's close
Amer. Tel & Tel.
buyers
Credits 4 months' aight 1160
11-3/41
bayers.. 11-3/4
Change
AT.. Tobacco "B"
“unich.
SPOT
Amer. Waterworks
11-3/4"
On Saigon:-
OCTOBER
Anaconda Copper
On demand
100
NOVEMBER
11-13/18
11-13/16
unch.
Atchison, T. & B. Fe.
On Manila:-
DECEMBER
11-3/1
Aviation Corp.
417
JAN,-MAR.
APRIL-JUNE
11-7/8 11-5/8
11-3/4 11-5/8
off 1/8 unch.
Baldwin Lecomėtive
Baltimore & Ohio
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
OCTOBER 2, 1940,
On London !---
Telegraphic Transfer. 1/9 7/3 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3 1/2 On Shanghai:-
On demand
On Singapore:-
1
On demand
On Japan:-
On India:-
L
On demand.
Telegraphic
and demand.........
Bank Bills, on demand ga
Credits, 60 days' sight 23 7/8
On New York:-
Bank Bills, on demand TheS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE) OCTOBER 2, 1940,
THURSDAY OCTOBER 3, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................... $60,000,000
INDIA, AUSTRALJA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1858-
Resorve Funda:
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,009
.......£3,000,009
Sterling H.E. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of.
priators... Proprietors
ኔ
$20,000,000
Head Office:-HONG KONG
E. S. Morrison: Esq., Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields Sir Vandeleur M. Graybura,
Chief Manager.
HEAD OFFICE: LONDON:
38, Bishopsgata EC.S.
Sub-Agencies In London: 17/199, Leadenhall Street, 'E.C.a⠀
West End Branch; 14/18, Cockspur Street, 8.WI Manchester Branch; 59, Mosley Street, Manchester, 2.
ALOE STAR AMRITSAR
PINANG
MANGOON BAIGON
AGENCIES AND BRANCHES ·
HARBIN ZÓNA KONG ILOILO ПРОН KARACHI KLANG
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
AGENCIES: CLIVE STORES
Youlin Pract
CANTON CAWNPORN.
•CEBO
COLOMBO
KOMM
KUALA
LUMPU§
BEREMBAN
SHANGHAI
SINGAPORA
AITIAWAN
SCURABAYA
"VAIPING"
TIESTSIN KOCRING
MADRAS
MANILA
MEDAN
TONGKAH
(Bhuket)
THINGTAO
TOKOHAMA
Last Sale
STOCKS
Last Sale
Oct. 1
Oct. 1.
5+
Loew's Inc. ..
25
231
Loft Incorperates
21
3-4
Mack Truck Inc.
25
82
Martin, Glen L.
32!
100
McKessun & Robbins, pid. 281
36
Montgomery Ward
414
1J
M'tain City Copper Co.
31
Board of Directors: H. V. Wilkinson, Esq.,4
Chairman Hoa. Mr. J. J. Paterson,
Deputy Chairman.
16
National Aviation
11
161
Kat. Dairy Products
131
J. K. Bouafield, Esq., "A. H. Compton, Esq.,
131
National Distillers
Hon. Mr. S. H. Dodwell,
71
National Lead
G. Miskin, Esq.,
12)
Nat, Power & Light
42
National Supply Corp.
01
13
New York Central
147
C. C. Roberts, Esq.,
163+
Niagara Hudson Power
11
773
N. American Attalion
171
****
"North" "American Co.
19
221
Northern Pacific
71
17
Owens-linols Glass Co.
331
#
Pacific Gas & Elec
291
Amoy
Branches:
Johare
16)
Packard Motors
3
Bangkoi Kobe
Rangoon Saigon
DILEI
42
Pan-American Airways
15
Batavia
Kowloon Sap
7
Barber Asphalt Co.
11
Paramount Pictures
7
Bombay
Kuala
Francisco
better trade
Barnsdall Ol
B
Pennsylvania RIR.
221
Calcutta Lumpur Shanghai
Canton London
HAIPHONO KAMBURG HANKOW
NEW YORK
Bendix Aviation-
32)
Philadelphia Read, Coal
#
1
Cheloo
Lyons
Bethlehem Steel
23 7/18
80%
Phillips Petroleum
354
Colombo
Malacen
Bliss & Co.
15
Public Service of N.J.
352
Dairen
Manila
Boeing Airplane.Co.
161
Pullman Inc.............
231
Foochow
Muar “l
Singapore Sourabaya Sungei
Patani Swatow
Borg-Warner ............... Briggs 'Mig.
181
Pure Oil
71
Haiphong
221
Radio Corpn. of Am,
41
Bankow
Mukden
Tokyo
Budd M'facturing Corp.
41
Reading Company.
Com
144*
Harbin
Canadian Pacific' R'way
32
Remington Arms Co., Inc.
58*
Iloilo
[pob
Case, JI
56...
Republic Aviation Corp. he
51
Celanese
298
Republic Steel
ગૂમ
Chesapeake & Ohio
401
Revere Corp.
11**
Chrysler Corpn.
79%
Reynold Tobac. "B"
35
reported the market as being idle and featureless. American Sliver was quoted at 343/4 for Spot.
Columbia Gas & Elec.
54
Safeway Stores
43
(REUTER'S SERVICE)
Commercial Credit Co.
32
Schenley Distillers
104
.
9.57
19.80
Chicago Wheat, Dec.....
831
Chicago Corn, Dec.
581 58
Prev. Today's 9.52 9.56 9.55 19.52 19.50 19.56
821 821
571 58
Com, & Southern (Ord.)
11
Sears Roebuck
834
quoted on application.
01 "off .06 up
Consolidated Edison
27
Shell Union où
81
Consolidated Oil
51
Socony-Vacunum Ou
43
.822
off
up
Continental Can Continental Oll
40
"Southern Pacifc
·
174
Southern Rly $5 pid.
221
1
New York Hides, Dec.y NEW YORK COTTON Oct. (New contract) December January March May
10.78 10.58 10.45 10.75b 30 up
Copperweld Steel
201
Spicer Manufacturing Co..
36
Close
Opening
Closing
Change
Curtiss Wright (C.)
8
Standard Brands
of
9.54/54
9.51/51
9.54n
.unch.
Curtiss Wright “A*
27}
Stand Gas & Elec,
14
9.58/75
9.52/52
9.51/51
~9:48b/496-
+1
}
9.50/50
9.47/46
9.34/34
9.31/32
}
9.13/13
9.10/10
та
9.69 N
9.55/55 -9.601-
9.50/51. 9.34/34 9.130 9.691
101 of
Deere & Co.
224.
Standard Oil of California
177
H
01_of
Distillers Corpn. Beagrams
171
Standard Oil of N.J.
34
unch.
Douglas Aircraft
78
Stone & Webster
It
Du Pont de Nemours
178
Studebaker Com
77
Eagle Picher Lead
97
Swift International
172*
Eaton Mfg. Co.
34
Technicolor
Elec. Autolite
371
Texas Corpn. "
36
Elec Bond & Share
51
Texes Gulf Sulphur
334
Elec. Bond & Share $5 pf.
641-
Timken-Axle.
28
19.50/50 19.14h 19.32/32 19.20b
19.55/52
unquoted
19,50/58 19.50b
.00. up
Elec. Bond & Share $5 p.
711"
Trans-America Co.
44
.08 up
Elec. Power & Light $7 pr.
371
19.33/33
19.39b/40a
.07 up
20th Cent.. FOX.
57"
Flinkote
171
unquoted 19.28b
.08 up
Union Bag & Paper Corp.
124
N
Gen. American Trans.
50
Union Carbide & Carbon
744
THE CHASE BANK
Gen.. Electric
351
Union Pacific
841
Gen. Motors
497
United Aireraft
40%
18, QUEEN'S ROAD, CENTRA
821/821 82/821
831/832
824/821
1 of
Gen. Hallway Signal
181
United Airlines Trans
· 171
821824
821 82
unch.
Gen. Tire & Rubber
124
United Corpn.
13
HEAD OFFICE:
ระ
Glidden Co.
.149
United Corpn. $3 cùm pf. 36
Goodrich (B.F.)
127*
United Gas Corpn.
11
572/572 58/58 59/59
59/591
581/58 5916
+ up
Goodrich $5 -pf.
55
United Gas Improvement
111
up
Goodyear Tire & Co.
161
U.S., Industrual Alcohol.
242
Great Northern Iron Ore ..
151
WHEAT
US Rubber
21+.
7116
71/711.
71b
# "off
Great Northern Rly, pfd.
28
US: Rubber $8 pfd.
771
Great Western Bugar
101
Interest Rates on Application..
U.S. Smelting
84
Manila
London
New York
Japan
India
Hongkong
March.
Opening
0/3-7/16
5-1/4
22-1/4
10 N 22-3/4
10.45/45 10.48b
10.50b/60a 10.75b 10.60/60 10.73/73
.30 up up
# Greyhound Corpn.
Hercules Powder Co.
111
US Steel rag
594
SAFE DEPOSIT BOXES
"Malberarm Nagsis
80
Henkow Yew York
Settle
Vanadium
323
Homolain
Homestake Mining
46
Vultee Aircraft
91
Int Nickel
27.
Walworth Co.
43
This Bank is entirely owned by Kote
THE CRANE "NATIONAL
Paris Polping
34-3/4.
Inter. Paper & Power
147
Warner Bros. Pict.
21
NEW YORK, with Besources_of_cal]}]}
4.03-3/4
Int. Tel. & TeĹ
21*
Westinghouse Elec
108
Kennecott Copper
31
Woodward Iron Cor.
284
Lakey Foundry & Mac. Libbey-Owens-Ford Glass Lockheed Aircraft
· 4*
Chase National Bank
294
43
National City Bank
244
201
FROM ROZA BROS.
Wednesday, Oct 2 Silver prices were unchanged today, the quotations remain- ing at 23.7/16 for Ready and 23. Silver "advices 3/8 for Forward.
CHICAGO, WHEAT: The market was featureless, with no material
Some quidation of Loan stocks was noted. " pressure. NEW YORK STOCKS: Previous close, 132,84; Today's close, 134.33;
"Change, up 1.69.
NEW YORK COMMODITY MARKET
The London-New York cross-rate New York Cotton, Dec. was quoted at 402 1/2. New York-New York Rubber, Dec........ London was quoted at 403,9/4,
Quiet.
MARKET
STERLING
No business was reported. There were sellers at 1/2.31/32 up to December, buyers at 1/3 for any delivery.
U. S. DOLLARS
Opened with sellers at 24.5/16 July but a small business was done spot subsequently at 23.7/18 for Cash followed by transactions at 23.9/ market 18 for November. The closed with sellers at 23.1/2 for near, buyers at 23.5/8 for Cash,
SHANGHAI DOLLARS
Quiet. Business was done at 425. The market closed with sellers at 424.1/2.
SHANGHAI MARKET Sterling opened, with sellers 3.1/2 and the last rate received was 3.33/64 for Spot. US. Dollars opened with sellers at 5.15/32-and closed steadier at 5.1/2 for Spot.
Shanghai Exchange
Spot
Official T.T. Rates
Shanghal, Oct. 2 (Reuter).
Sterling
4,
Fellers
Opening Closing 0/3-1/2 0/3-33/64 Oct.0/3-1/2 0/3-33/64 Nov...... 0/3-31/64 0/3-1/2
U.S. Dollars Spot $5-15/32
$5-1/2 5-1/2 5-15/32
Oct.
5-15/32 Nov.
5-7/18 Market: Quiet but steady.
India Rupee Paper
Bombay, Oct. 1 (Reuter). Govt, 31% Rupee, 91-02-0.
Calcutta Exchange
Calcutta, Oct 1 (Reuter). TT. on Japan, 81-1/4.
SILVER MARKET LONDON SILVER London, Oct. 1 (Reuter). Silver-Market featureless "and
·Tale
Spot, 23-7/168.
Forward, 23-3/8d.
HOMBAY SILVER
Bombay, Oct. 1 (Reuter). Market Quiet but steady. Off-
take 50 bars.
Indian Mint Silver
Ready...
Oct. 23 Settlement
Nov 28 Settlement
02-12 82-13 62-14
LONDON GOLD.
London Oct 1 (Reuter). Bar Gold, Fine per oz, 188/
Total sales Monday: 101.900 bales. NEW YORK RUBBER December January March May
Total sales:-290 tons. CHICAGO WHEAT December May
Monday's sales:-14,579.000 bushels. CHICAGO CORN December May WINNIPEG October
NEW YORK HIDES December
Total sales for the day:-213 lots. NY-Official Silver 34-3/4
NY-London Cross Rate 4.04-1/2
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
. London, Oct. 1 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.
3
LONDON METALS
EXCHANGE
London, Oct. 1 (Reuter). Tin, Standard," Cash,. "Middle Price: £256-1/2
Tin, Standard, 3 months, Middle Price, £260-1/B.
Tientsin-Pukow Rly. 5% (Ger.Etpd. Supi, Lean) Jap. 6% Ster, Loan, 1924. 221 Ger, 7% Inti, Loan, 1924 53 Chartered Bank
H.K. & 8'tial Bank (Lan
Reg.)
བླླgg
-1940
DOW JONES AVERAGE
High Low Dow Jones Averages Sept. 20 189.80 111.84 30 Industrials
32.67 22.18 - Raila
28.45 19.03 20
90.61 83.00. 40
64.07 48.47 11
Change
1.69 up
139.64
28.62
Utilities
21.60
Oct. 2, 1940, High Low Close 138.04 133,04 134.33 29.1528.80 28.05 22.04 21.73 . 21.93
.53 up
.24 up
Bonda
29.96
Commodity Index
53.42
90.28 53.35
.20 up .07.off
Business Done: 910,000 shares
New York Tsingtao Peiping Yokobama
Penang
SAVINGS ACCOUrta also opened in Local Currency and Sterling with CURRENT Accounts opened in interest allowed at rates obtainable LOCAL CURRENCY and FixED DEATH on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on terma which may be ascertained, at any of the Agencies and Branches."
R. A. CAMIDGE,
Manager.
Atso up to date SATE DEPOSIT Boxes in various sizes To Lar. Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAT BANKING COR PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAL BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong. 28th Feb., 1939.
18, PINE STEHT, "
** NEW YORK
An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world.
17.8.$2,900,000,000. 11
BANY
D. M. BIGGAB,
Second Fier "Prou
A Job
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LT
Operating Services for Cargofand Passengers
War Loan. 34% (Red,
after 1952) Janton-Kloon Rly. 5% 6 chinese. 41% Gold Loan
1898 (Brit. Issue
30 Chinèse 5% Gold Bonds.
1925-47
101
HK & Shai Bank (Col
Reg)
35
Chinese Eng. Mining
(bearers....
Chin. 41% Anglo-French
Loan, 1908
Chosen Corporation
Pekin Syndicate
Chinese „5% Crisp Loan.
1912
B'hai Elec. Constr. Co.
15
TO
B'hat Waterworks “A”
13
Union Insurance
20
Gula Kalumpong Rubber 19/9 |8-A, Tob, (bearer)
Mercantile Bank ......... Dunlop Rubber:. Kristol Aeroplane Imperial Chemical Ind. 26/6 United Steel.................... 17 Woolworths
. #78/11 11.
28/11 9/3
56
10
Sub-Nigel
Marsman Investments .." 8/9 Western Holdings
160
Shell Trans.
Trad...
(bearery
Chinese 5% Reorg, Loan,
1913 (Ldn. Is.) Chinese 8% Ster. Notes,
1925 (Vickers) Chin. Imperial Rly. 5%
Loan ... Honan Rly, 5% Hukuang Rly 5%. 1011...
(LP. N/Y Issue) Bukuang Rly, 5%. 1911
Germany Issue); „..........
Lung Tstrig & U. Ha!
འ་གང་
Rly. 6% 1913 Suite, Shal-N'King Rly. 5% 12 Tientsin-Pukow Bly. 5%
--(Brit! Stpd.) pant Tientsin-Pukow RIF. 5%
German Btpd.) Tientsin-Pukow Ruy, 5%
"(Brit. Stod; Supl Loan) 8
35/74 Nat Defence Bonds, 3% 1011
London Midlands-Bcol-
tish/:3%
Great Western Rall-
27
Nat. Bank of India, 8%
245
SWATOW, SHANGHAI, TSINGTAU, CHEVỦ0.
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the Franch Concession at
Shanghai, where passengers and cargo are landed.
For further particulars
please apply to-
JARDINE MATHESON--
BANK OF EAST ASIA, LIMITED".
Authorised Capital$10,000,000.00 Paid-Up Capital ...... Reservo and Undivided
Profits
5,598,600.00 2,963,281.60
Head Office-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
BIR SHOUSON Chow, Chairman .. Li Koon Chan, Esq." Li Lan Bang, Esq. P. K. Kwok, Esq. Wong Chu Bon, Daq. Wong Tan Tong, Esq. Kan Ying Po, Bag.. Chan Ching Shok, Esq. Fang Ping Wah Eng KAN Torg Po, Esq., Chief Manager. Lt. Ts Fona, Esq., Manager
Amey
Betsris Bombay Calcutta
Branches and Agencies; -
Ralpheng
Kowloom Loadin
Pemang
Bangpan Bourabays
Balgus
Swatow
Bali Fran- Sydory bl
› Semarang Shangha
Вод
and
Every description of Banking Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Looni Currency and Fixed Deposits re- ceived for one year or shorter " periods in Local and Foreign Onr runcien on terms which will be quoted on application
SAFE CEPOSIT BOXES TO LE
KAN TONG PO
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT. OF CHINA AS AN INTERNATIONAL EXCHANGE
BANKG PAID-UP CAPITAL $40,000,000,00
(BRANCHES ALL OVER CHINA): Owing to our numerous Branches in China and connections in the principal Commercial Centron of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange:
Head Office: SHANGHAI Hong Kong Branch
4, QUZEN'S ROAD, C,
South China Officea."-
CANTÓN
SWATÓW
SHIUCHOW
KONGMOON TOISHAN
KINGOHOW
|– We xiso baudis the issue of Bonds - and other Public Funds of the Chines Government both at Home and Abroad
SHOU I. CHEN,
Handout