Patani.
Haiphong (Jobore) Tientsin
PRIPING
(Peking)
FORE ON EXCHANGE" and General Banking Business transacted.
CURRENT ACoomers opened and FIXED DEPOSITS received for Ons Year or shorter periods in Loanl 01 Other Currencies at rates which will be quoted on application.
Adams Express
Alleghany Steel Co.
Allis Chalmers
Aluminium Ltd,
Amex. Can
American Cyanamid B
Close Opening Closing. Change Buyers Buyers
Amer. & Foreign Power ...
Amer& Foreign $7. p.
37-1/4
.37-1/4
.
37-1/8
of 1/8
"Amer. Locomotive
35 cts. 35 cts.
33-5/8 93-5/8
35 cts. 33-5/8
Amer. Metals Co.............
Amer. Radiator
Amer. Rolling MillTM
43 1/4
The market was quiet. LONDON RUBBER
Amer. S'ting and Ring Co.
Previous close Today's close
Amer. Sugar. Redning
buyers
buyers
Change
Amer. Tel, & Tel
PAGE 10 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING - QUOTATIONS
OCTOBER 3, 1940,
On London:
Telegraphic · Transfer: 1/1 7/9 Bank Bulls, on demand 1/3 7/9 Credits 4 months" sight 1/31/3 On Shanghal-
On demand
On Singapore:-
On demand
On Japan!-
416
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY
MARKET REVIEW
(FROM PAYNE & CO.)
ĮNEW YORK, Öctober 2, 1940.
J
SINGAPORE RUBBER
On demand
52 3/1
106
On India:-
Telegraphic
Transfer.
and demand
82 1/2
On New York:-
S FOT
| JAN.-MAR.
On Batavia:---
On demand
On Paris:
Bank Bills, on demand 23 1/8
Credits, 60 days sight 24
APR.-JUNE
Previous October 2
unch.
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION="
(REUTER'S SERVICE)
OCTOBER. 3, 1940,
FRIDAY, OCTOBER
BANKS
1940.
HONGKONG &
& SHANGHAI THE CHARTERED BANK OF BANKING CORPORATION
Authorised Capital..... $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000) incorporated by Royal Charter, 183
Beserve Funda:
£6,500,000 Reserve Fund
Paid-Up Capital ... £3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Chairman.
prietors
000,000
£3,000,000
HEAD OFFICE, LONDON:
38, Bishopsgate E.0.2. Sub-Agencler In London: 117/128, Leadenhall Street, E.Ɑi West End Branch:
14/16, Cockapur Street, 6.WI Manchester Branch: 58," Mosley Street, Manchester, 2
AGENCIES AND BRANCHES
BARBIN
PENANG HONG KONG® KANGOON ILOILO
Sterling
Last Sale
-STOCKS
Last Sale -
Reserve Liability of
Oct 2
Oct. 2
Proprietors
$20,000,000
3
Loew's Inc.
25+
Head Omce-HONG KONG
· 231
Loft Incorperated
201
351
Mack Truck Inc.
28++...li
93:
Martin, Glen L.
324
Board of Directors: H: V. Wilkinson, Esq.,
1007
McKesson & Robbins, pfd. 23
37
Montgomery Ward
*18
Hon Mr. J. J. Paterson,
1**
M'tain City Copper Co.
34
Deputy Chairman.
<
164
National Aviation-
11
J. K. Bousfeld, Esq.,
...
101
Nat, Dairy Products
13
A. H. Compton, Esq.,
161
National Distillers
22
Hon. Mr. S. H. Dodwell,
71
National Lead
18
G. Miskin, Esq.,
ALOR STAS АМВІТВАЯ
124
Nat, Power & Light .......
7
E. S. Morrison, Esq.,
ΜΑΚΑΚΟΣ
421
National Supply Corp.
61
Hoa. Mr. T E. Pearce,
"SAIGON","
BATAVIA
IPOR
BREEMBAN
134
New York Central
151
C. C. Roberts, Esq.,
BOMBAY
1634.
Niagara Hudson Power
41
Bank Bulls, on demand 1085 Credits 4 months" sight 1160...
On Saigon:-
On demand
On Manila:---
On demand
On Bangkok:-
On' demand
On Sterling Notes:---
Bank Buying Rate
Bar. Silver per oz....
100 1/2 JAN.-MAR.
Shanghai Exchange
SPOT
21-3/4
11-13/18
up 1/18
Amer. Tobacco “B”.
77+
N. Američan-Aviation...
-171-
NOVEMBER"
11-137′16′′
T1-778***
UpT/16
Ammer. Waterworks
81
North American Co.
19
DECEMBER
11-3/4
11-3/4
|APRIL-JUNE
11-5/8"
11-7/8 11-13/18 11-11/16
up 1/8 up 1/16 up 1/18
Anaconda Copper
231.
Northern Pacific
Atchison, T. & 3 1%
17
Owens-Tilinols Glass Co.
56
Branches:
Aviation Corp.....
41
Pacific Gas & Bee.....
234~
Amoy
Jabore
46 1/4
7
The market was steady but quiet.
NEW YORK COTTON:
Baldwin Lecometive"
161
Packard Motors
34
Bangkok
Kobe
Hedging is moderate, being absorbed large-
Baltimore & Ohio
*41
Pan-American Airways
11
Batavia
Κοπίρου
Hon. Mr. A. L. Shield, Sir Vandeleur M. Grayburn,
Chief Manager.
Rangoon Saigon San
CEBE FAZLIN PLAS
CANTON
CAWNPORE
KUALA
LUMPUR
CALOUTTA
KARAONI KLANG
SHANGHAI
SINGAPOR
AGENCIES: KOB
SITIAWAK
BOUKARATA
TAIPING
KUCHING
CIBU COLOMBO
MADRAS
MANILA
DALE1
MEDAN
23 716
Oficial T.T. Estes
Shanghai, Oct. 3 (Reuter).
Opening
London
0/3-7/16
New York
5-1/4
Japan
22-1/4
India
19 N
Hongkong
22-3/4
Sterling
Sellers
ly by the domestic trade. CHICAGO WHEAT: The market was easier an proft-taking and moderate hedging against Loan, withdrawals, but there "was no selling pressure. An average of private estimates shows a spring crop of 224,000 bushels.
NEW YORK STOCKS: Previous close, 134.33; Today's close, 134.97;
Change, up 64:
NEW YORK COMMODITY MARKET
Barber Asphalt Co.
111
Paramount Pictures
77
Bombay
HAIPHONG
NEW YORK.
TIENTSIN
TONGZAM
(Bhuket)
TOLNOTAC
TOKOKAKO
Kuala
Francisco
Barnsdall 01 .....
B
Pennsylvania RR
237
Calcutta
Lumpur Shanghai
"HAMBURG BANKOW
Canton
London
Bendix Aviation
321
Philadelphia Read, Coal
Chefoo
Bethlehem Steel
Lyons
81+
Phillips Petroleum-
37
Colombo
Malacca
Singapore Boarabays Sungai
Bliss & Co.
15
Public Service of NJ.
341
Dairen
Manila
Boeing Airplane Co,
162
Pullman Inc..........
241
Foochow Muar
Swatow
Borg-Warner
187
Pure O.....
7
Brigga Mfg.
221
Radio Corpn, of Am.
42
Bankow
Mukden
Tokyo
Budi M'facturing Corp.,
#
Reading Company,
Com
15}
Harbin
Canadian Pacific R'way.
33
Remington Arias Co., Inc.-
Iloilo.
Case, 5.1
571
Republic Aviation Corp.
51
[pob
Celanese
291
Republic Steel
18+
CURRENT
(REUTER'S SERVICE)
9.57
Chesapeake & Ohio
409
Revere Corp.
12
Chrysler Corpo
802
Reynold Tobag. "B"
342
58⭑ 577 58 10.85 10.87
Close
9.54 N 9.55/55
Opening
Change
Columbia Gas & Elec. Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison..... Consolidated Of Continental Can Continental of
5+
Safeway Stores
421
311
Schenley Distillers
101
1}
Sears, Roebuck -
261
Shell Union O
』』་་་
Socony-Vacunum Off
40
Southern Pacific
171
Southern Rly $5 pid.
23
9.50 N...
>
March
9:50/51
N
May
t
5-15/32
July Spot
9.34/34 ...... 9.13 N 9.89 N
9.55/56 9.55/55 9.48b/518 9.50/50 8.34/34 -# 9.34/34 9.12/12 9.13/13
9.710
9.56/56
.02 up
Copperweld Steel
21:
9.55/55
unch.
Curtise Wright (C)
77
9.50n
זי
Curtiss Wright A
271
9.49/49
.02 off
Deere & Co.
..23
unch.
Distillers Corpn. Seagrams 17
Spicer Manufacturing Co. 38 Standard Brands....... 61 Stand Gas & Elec..... 11 Standard Oil of California 17 Standard Oll of NJ........
مان
337"
*
Douglas Aircraft
78
Stone Webster
81
.02 up
Du Pont de Nemours
178
Studebaker Com
77
Eagle Picher Lead
01
Swift International
17:
Baton Mfg. Co...
348
Technicolor
9
Elec. Autolite
371
January
19.28a
19.58/56 19.56/66 19.52b 19.50b unquoted 19.47b 19.39b/40a 19.42b/4Ba.19.37b 19.28b
.04 of
Texas Corpn.
361
Elec Bond & Share
51
.03 off
Texes Gulf Bulphur
34
Elec. Bond & Share $5 pf.
843
.02 off
Timken-Axle ....
29
Elec. Bond & Share $8 pr.
74
19.30/30
.02 up
Trans-America 'Co.
Hong Kong, 25th Feb., 1939.
I
Total sales: 380 tons CHICAGO WHEAT
Elec. Power & Light $7 pf. Finkote
38"
20th Cent. Fox.
6k
18:
Union Bag & Paper Corp.
121
Gen. American Trans.
50
Union Carbide & Carbon
75%
December
May
821/821
821/82 821/82 -82/817
"Gen. Electric
357
812/82 81/811
off
Union Pacific
85
Gen. Motors
50
off
United Aircraft.
40
Gen. Raliway Signal
16.
United Airlines Trans
171
Gen. Tire & Rubber
121*
United Corpn.
13
Glidden Co.
15
FUnited Corp. $3 cum pt.
351
December May
continued Cape and October
581/58 571/577 5816
591/591
58a 591/591
unch.
Goodrich (BF)
124
United Gas Corp...... 11
❘ off
Goodrich $5 p1..
561
United Gas Improvement : 113
Goodyear Tire & Co..
161
|U.S., Industrual Alcohol.
234
Great Northern Iron Ore
184
U.S. Rubber
211
71b
70b
70/704
† of
Great Northern Rly, pfd.
29:
U.S. Rubber $8 pfd.
Great Western Bugar "...en
101
U.S. Smelting
.642
Interest Bates on Application.
Greyhound Coron,
111
10.75b 10.73/73
10.76/76 10.80/76
US. Steel
601
10.80b/81a 10.70/70
.06 up 03 off
SAFE DEPOSIT BOXES-
Hercules Powder Co,
791
Vanadium
33+
Homestake Mining
48
Vultee Aircraft
Haiphong
Bankow
Konohata
Kose:
Int Nickel.
27#
Walworth Co.
+4%
34-3/4 4.03-1/2
Inter. Paper & Power
15
Warner Bros. Pict."
21
Int. Tel. Tel:
21*
Westinghouse Elec,
1091
Kentecott Coper Lakey Foundry & Mac. ..... Libbey-Owens-Ford Glass 441 Lockheed Aircraft
311
4*
Woodward. Iron Cor. Chase National Bank National City Bank
282
291
201 #
Spot
Oct.
Nov,
Spot
Oct.
Nov.
Opening Closing 0/3-17/32 0/3-17/32 0/3-17/32 0/3-17/32 0/8-33/64 0/3-33/64 U.S. Dollars
$5-17/32 $5-1/2 5-17/32 *6-1/2 5-1/2 Market: Sterling Quiet. US Dollars inclined to be easy.
Calcutta Exchange.
Calcutta, Oct. 2 (Reuter), T.T. on Japan, 81-1/4
LONDON STOCK EXCHANGE
LONDON, Oct. 3 (Reuter)
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec.
| Chicago Corn, Dec.
New York Hides, Dec,
NEW YORK COTTON
Oct. (New contract) December January C
Prev. Today's 9.63 9.55 9.55 unch. 19.50 19.46 19.56 19.52b .04 off
821 811 821 ·811
Total sales Tuesday:-53,200 tales. NEW YORK RUBBER
December
March May
On the London Stock Exchange Tuesday's sales:-14,991,000 bushels.
yesterday, small but decided im- CHICAGO CORN
provement in business was noted
In several groups, among which Kafirs were the most prominent, with Far Western issues sharply WINNIPEG WHEAT
higher on
local support
NEW YORK HIDES Industrials also attracted more buyers while gilt-edged securities December
March
were quietly steady. Others mostly tended to advance.
Wall Street was firmer.
SILVER MARKET
LONDON SILVER
London, Oct. 2 (Reuter). Silver Little speculative forward buying. Market steady. In the afternoon, the market was quietly! steady.
Spot, 23-7/18d. Forward, 23-3/16d.
Total sales for the day:118 contracts. NY-Official Silver 34-9/4 NY-London. Cross Rate 4.03-3/4
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Oct. 2. The following quotations are the middle prices at the close of the market. In London. All quotations
of 582 unch.
10.75b 10.306 .05 un
Closing.
LONDON - GOLD
London, Oct. 2 (Reuter). Bar Gold, Fine per oz., 163/-
Tientain-Pukow Rly.5%
(Brit. Stpd, Supl Loan) 8 Tientsin-Pukow Rly. 5% are subject to confirmation and no Jap. 8% Ster. Loan, 1924 (Ger. Stpd., Supl, Loan;, ability is assumed for errors Ger, 7% Intl. Loan, 1924 64
In transmission......
RESERVE BANK OF INDIA STATEMENT
Calcutta, Oct. 2 (Reuter),
Sept. 20 Sept. 27 War Loan. 31% (Red,
after 1962) Canton-Kloon Rly. 6% 6. Chinese 41% Gold Loan
1898 (Brit. Issue) Chinese 8% Gold Bonda
1925-47
Notes in circulation (including Notes held in the Bank- ing Department)... 25,836 25,815 Rupee Coin and Bul-
lion in India.
3,283 3,282 Gold Coin and Bul-
lion in India,
4.441 4.441
4,981 4,081
13,150 13,150
Becurities (Indian
Government) Securities {{Brittah"
Clovernment).
LONDON METALS
Tin
EXCHANGE
London, Oct. 2 (Reuter).
Staridard, Cash, Middle
Price, £255-1/2/
Tin, Standard, 3 months. Middle Price £259-1/4
Chin. 41% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan.
1912 Chinese 5% Reorg. Loan,
1913 ILdn. Is.) Chinese 8% Ster. Notes.
1925 (Vickers) Chin. Imperial Rly, 5%
Loan Honan Rly, 5% Hukuang Rly 5%, 1911..
(LP. N/Y Issue) Hukuang Rly 6%, 1811
German Issue
Lung Tsing & U. Hai
Ely, 6% 1913 ...
Market very dull in spite of fur. ther United States overnight pur- S'hai-N'King Rly 5% chases of near options and afloats, Tientsin-Pukow Rly 5% United States. September, de- (Brit. Stod.)
Ilvertes, which exceeded. 11,000 | Tientsin-Pukow Rly 5% tons, are considered satisfactory. German Bhud) in
Chartered Bank
£ HK. & 8'hai Bank do
Reg.) 101-9/16 HK. & S'haf Bank (Col
|_ Fleg)
Chinese Dng, Mining
ཆ་འ
851
..1940
DOW JONES AVERAGE
High Low Dow Jones Averages 152.80 111.84 3 Industrials
Rails
Oct.1. 134.33 29.05 21.83
Oct. 3, 1940. Bigh Low Close 135.41 133.70 134.97 20.42 29.97 28.37 23.1091,88 21.02
Change:
64 up
NEW
32,67 2216: 20
26.43 18.03 20
· 80.8183.08 40
84.07 48.74 11
Utilities
Bonds Commodity Index
90.25
53.35
as up.
09 up
!90.45° .20 up 63.25.10 of
Business Done: 770,000 shares
New York Tsingtao
Reiping Yokohama Penang
www.m
SAVINGS ACCOuma also opened in Local Currency and Sterling with in interest allowed at rates obtainable
on "pplication.
ACCOUNT, opened LOCAL CURRENO and Fixed DEPOSIT received for one year or shorter The Bank's Head Office in London perioda in Local and other Our-fündertakes Executor and Trustes rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
ALSO up to date Sare DEPOSIT terms which may be ascertained as Boxis in various sizes To Lar.
any of the Agencies and Branches. Hong Kong. 28th February, 1940.
RA CAMIDGE,
Manager.
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 HONGKONG & SHANGHAI BANKING CORPORATION.``
V. M. GRAYBURN,
Chief Manager
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAI
HEAD OFFICE:
18, PINE START,
· NEW YORK. An American Bank offering com plete Foreign Banking Bervior in the principal Markets of the world.
This Bank is entirely owned by
THI
CHABE NATIONAL BAKN - NEW YORK, with Besources of
£8.$3,900,000,000,
D. M. BIGGAB;
Second Fion Pret
Aj
b?
WANT ADS
INDO-CHINA
BANK OF EAST ASIA, LIMITED
Authorised Capital........$10,000,000,00 Paid-Up Capital 5,608,600,0g/ Reserve and Undivided
Profits..... 2, 3, 281.3
Head Office:-HONG KONG No. 10 Des Voeux Road, Central:- Board of Directors: SIE SHOPSON CROW, Chairman Li Koon Chan, Esq. LI LAO Sang, Baq...” P. K. Kwak. Bag, Wong Chu Bon, Miq. Wong Tan Tang, Esq. Kan Ying Pa, ag Chan Ching anak, E, Fong Flag Wah lag KAN TONG Po, Esq., Chief Kanager
Ten Fone, Esa, Manager
Amor
Branches and Agencies::-
Kaloos Pepsor
Batavia Mentor
Blocbay Catanza
Malboste
Ranroos Bosurabaya Balgaz
Dan Fres- ¡Sydney
New York Beatie Parts Damacang
•Shangbel
Every description of Banking and Exchange business transacted. Loans granted an approved securities.
Currency and Fixed Deposits-re
Current Accounts opened in Local ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will
quoted on application.
SAFE LEPOSIT Bors To L
KAN TONG PO,
Chief Manager:
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE PAID UP CAPITAL $40,000,000,00
STEAM NAVIGATION COMPANY LTD (BRANCHES ALL OVER ORA)
Operating Services for Cargo and Passengers
30
(beareroens
Chosen Corporation
Pekin Byndicate....
S'hat Elec Constr. Co.
18
44
Bhal Waterworks "A" Union Insurance
13
TO
SWATOW, SHANGHAI, TSINGTAU, CHEVOO
Gula Kalumpang Rubber. 13/9
B-A, Tob. (bearer)
70/41
Mercantile Bank
11
Dunlop Rubber
28/8
9/3
Imperial Chemical Ind. 28/9 United Steel
Woolworths
58
Marsman Investments
8/9
Western Holdingi
·ទវុទ
Bab-Nigel
and cargo aro landed
-180-
Chell Trans & Trad
bearery!
35
1014
plenad apply to
Bristol Aeroplane
Nat Defence Bonds, 3% London-Midlands-Scot- #tish, 3%
Great Western Rail
Nat Bank of India 39
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside
the Roosevelt Terminal in the French Concession at
Shanghai, where passenger
For further particular
TELEPHONE KOBIL
RAL MANAGERS
Owing to our numerous Branches in China and connections in the principal Commercial Centr the World, we are able
so our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI
Hong Kong Branch: QUEEN'S ROAD C
Beads South Okima Offions:
CANTONKONGMOON
SWATOW SHLUCHOW
STOISHAN
KINGCHOW We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad's
SHOU
A