-Adams” Express
415
COMMODITY MARKET
REVIEW
Alleghany Steel Co.
Allis Chalmers
52 3/4
(FROM PAYNE & CO)
Zuminium Ltd,
Amer. Can
NEW YORK, Oct. 5.,1940
108
American Cyanamid B.
ค
SINGAPORE RUBBER
82 1/2
On New York:-" "
SPOT guaran JAN.-MAR
Previous October 5.
Close Opening Closing Buyers Buyers" 37-1/4 37-1/4 37-3/8 -35-1/4 35-1/4 35-3/8 33-1/4 33-3/4 33-7/8
Amer. & Foreign Fower
Change
up 1/8
Amer& Foreign $7 pf.
Amer. Locomotive .....
Amer. Metals Co..........
Amer. Radiator.
Amer. Rolling Mill
On Batavia:-
On demand
42.3/4,
The market was Armn.
LONDON RUBBER
Amer. Sting and Ring Co.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
· MONEY AND
·EXCHANGE
CLOSING QUOTATIONS
COTOBER 5 1940
„On London:-
Telegraphic Transfer. 1/8 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3 1/2
On Shanghai:-
On demand
On Singapore:—
On demand
On Japan:-
On demand
On India:-
Telegraphic
Transfer. 182
and demand .....
Bank Bills, on demand sa 7/8
Credits, 60 days' sight 93 3/4" | APR. -JUNE
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
OCTOBER 6 1940
MONDAY, OCTOBER 7:1940:
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. $80,000,000
INDIA, AUSTRALIA AND CHINA
Issued. & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 1800
Beserve Funds:
Paid-Up Capital £6,500,000 Reservo Fund
Sterling
„£3,000,000
£3,000,000
prietors...
...£3,000,000
READ OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Proprietors
Chairman.
38, Bishopsgate E.0.3. Sub-Agencies In London: 117/129, Leadenhall Street, EQ
West End Branch: 14/16, Cookspar Street, S.W1 Manchester Branch:
59, Mosley Street, Manchester, 9.
AGENCIES AND BRANCHES:
HARDIN EWANG HONG KONG BLEGOON
BANGKOK
Last Sale¡
STOCKS
Lait Sale
Oct. 5
Oct. 5
$20,000,000
51
Loew's Inc.
261
Head Office-HONG KONG
221
Loft Incorperated
201
35
Mack Truck' Inc.
251
£21"
| Martin. Glen L
32
Board of Directors: H. V. Wilkinson, Esq.,,
097*
McKesson & Robbins, pid. 281
36
Montgomery Ward
42+
M'taln City Copper Co.
31
Hon. Mr. J. J. Paterson,
Deputy Chairman.
16
National Aviation
.11
J. K. Bousfeld, Esq.,
16.
Nat Dairy Products
131
A. H. Compton, Esq...
181.
National Distillers
221
Hon. Mr. 8. H. Dodwell,
71
National Lead
184
G. Miskin, Esq.,
ALOR STAR AMRITSAR
121
Nat, Power & Light
K. S. Morrison, Esq.;
+37
National Supply Corp.
01
Hon. Mr. T. E. Peares,
BATAVIA
On Paris:
buyers
Previous close Today's close ···
buyers
Amer, Sugar Refining
132
New York Central
15
C. C. Boberts, Esq..
BOMBAY
Bank Bills, on demand 1095
SFOT
11-13/16
Change Market closed.
Amer. Tel, & Tel
1631
Credits 4 months' sight 1150
Amer. »Tobacco "B" Amer. Waterworks
78
"81
Niagara Hudson Power N. American Aviation North American Co..
4
Hon. Mr. A. L Shield,
174
10
NOVEMBER
11-7/8
Anaconda Copper
227
Northern Pacife
..71
On Saigon ---
On demand....
On Manila:---
On demand
On Bangkok:---
On Sterling Notes:
DECEMBER
11-7/8
Branches:
90 1/2
| JAN,-MAR.
11-13/16
APRIL-JUNE
11-13/16
Market closed.
Atchison, T. & 8, Fe.. Aviation Corp.
17
Owens-Illinois Glass Co.
56*
44
Pacific Gas & Mec
333
Amoy
Johore
45 3/4
7
$3 7/16
"
New York Rubber, Dec. Chicago Wheat, Dec.
... On demand
Bank Buying Rate
Bar Bliver per cz.
Market Report
FROM ROZA BROS,
The price for Ready Silver was unchanged at 23.7/16 but the Forward rate droped 1/16 to 23. 5/18. Sliver advices reported the market as being steady but quiet. A - small business Was done. American Sliver was quoted at 34.3/4 for Bpot.
11
NEW YORK COTTON: The market is reflecting the continuous
trade buying and the scarcity of offerings.
NEW YORK RUBBER: There was some short covering and trade buying an apprehension over the possibility ot. shipping com- plications
#
CHICAGO WHEAT: The strength of cash markets and of near by Chicago futures reflects increased diversion into the loan. A leading grain expert favours trading December option betweent 87 and 80 cents.
NEW YORK STOCK; Previous close, 133.79 Today's close, 133.90;
Change, up 11"
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
The London/New York "cross- rate was quoted at 4021/2. New New York Cotton, Dec. York/London was quoted at 404.
Baldwin Lecometive Baltimore & Ohio Barber Asphalt Co. Barnsdall On
167
Packard. Motors
34
Bangkok
Kobe
44
Pan-American Airways
167
Batavia
Kowloon SAD
104
Paramount Pictures
71
Bombay
Kuala
Calcutta
8
Pennsylvania R.R.
227
Lumpur Shanghai
Canton
London
Singapore
Bendix Aviation Bethlehem Steel
317
Philadelphia Read, Coal
01*
Übefoo
Lyons Sourabaya
814
Phillips Petroleum "
36
Colomba
Malacca
Sungei
Bliss & Co.
1:14
Pubile Service of NJ,
338
Dairen
Manila
Patani
Boeing Airplane Co.
16
Pullman Inc.
243
Foochow
Most
Swatow
Borg-Warner
181
Pure Ou
Haiphong (Jobore) Tiantain
Briggs Mfg.
32
Radio Corpn. of Am.
5
Bankow
Mukden
Tokyo
Budd M'facturing Corp.
44
Reading Company,
Com
15
Harbin
New York
Tsingtao
Iloilo
Paiping
Yokobams
Canadian. Pacific R'way
31
Remington Arms Co., Inc.
54*
Ipob
Penang
Case, SI.........
561"
|Republic Aviation Cörp.
57
Celanese
29
Republic Steel
181.
Chesapeake & Ohio
41
Revere Corp. .....
115
Chrysler Corpn.
791
Reynold Tobac. "B"
35
Columbia Gas & Elec.
*57
Safeway Stores
42)
Commercial Credit Co.
31
Schenley Distillers
10
9.04 9.58 19.73 .19.70 821 811
Quiet,
MARKET
STEKLING
Chicago Corn, Dec. New York Hides. Dec.
581 571 10.80
811 571
581
Prev. Today's
9.59
9.52 .03 up 19.58b 19.856 07 up 821 11 up up
Com, & Southern (Ord.)
11
Sears Roebuck
812
Consolidated Edison
201
Shell Unton Oll..
BI*
Consolidated'Oli
6
Socopy-Vacunum Ou
8+
Continental Can Continental Oli
*397*
Southern Pacific
91.
171
Southern Rly $5 pid.
221
10.67 16.72 10.79
.07 - up
Copperweld Steel
20
Spicer Manufacturing Co. 352
Curtiss Wright (C)
74
Standard Brands
May
Мау
London
New York
Japan
India
There were sellers at 1/231/32 NEW YORK COTTON up to December, buyers at 1/3 för ] Oct. (New contract) ... any delivery.
December ( } January
'U. S DOLLARS Business was done during the March course of the morning at 23.1/8 for | May cash and also 23.3/18 December. July The market closed with small Spot sellers at 23.3/16 for near, buyers at 23.1/4 for Cash.
SHANGHAI DOLLARS Opened with sellers at 421 with business done at 421.1/4. Sub- sequently the rate dropped to 418 with business done at 4131/2. The market closed with sellers at 471 for Spok
SHANGHAI, MARKET Opened with sellers at 3.8/16 and closed with sellers at 3.37/04 for Spot. U. 8. Dollars opened
Total sales Friday: 68,700 bales.
NEW YORK RUBDER
December January March
May
Friday's sales:-7,588,000 bushels.
with sellers at 5.17/32 and closed CHICAGO CORN
at 59/16 tor Spot."
Shanghai Exchange
Omolal T.T. Rates
Shanghal, Oct. 25 (Reuter).
Opening December
0/3-7/16 March
5-1/4
Total sales for the day:-62 contracts.
.Close
Opening
Closing
Change
Curtles Wright" “A*
274*
Stand Gas & Elec......
11
9.61 761
9.8/60
9.64/64
.03 up
Deere & Co. .....
175*
Standard Of of California
17
9.59/60
9.59/59
9.62/63
.03 up
Distillers Corpn. Beagmms
10j
Standard Ol of N.J.
33€
"
(in) (*)
{
9.60/80
9.58a
9.61x
01 up
Douglas Aircraft
787
Stone & Webster
8+
9.58 N
9.58/50
9.61/61
.03 up
Du Pont de Nemoura
1771
Studebaker Com
8
9.44/44
9.43/43
9.49/49
.as up
Eagle Picher Lead
**
Swift International
174"
0.23/24
9.22/22 -
9.74 N
9.28/28 9.75a
.05 up
Eaton Mig. Co.....
332
Technicolor
91
.01 up
Elec. Autolite
381
Texas Corpn.
35
Elec. Bond & Share
51
Texes Gulf Sulphur
331*
Elec. Bond & Share $5 pf.
85
Timken-Axte
281
Elec. Bond & Share $6/pf.
731
„Trans-America Co.
#
19.58b 19.50b
19.35b/38a 19.25b
Total sales:-50 tons.
CHICAGO WHEAT December
19.82b/71a 19.65b unquoted 19.60b 19.40b/54a 19.50a -19.20b/40a 19.38/38
.07 up
10 ap
Elec. Power & Light $7 pf... 38 Fiinton
20th Cent. Fox.
.57
172
Unton Bag & Paper Corp. 12
.14 ap
Gen. American Trans.
491
Union Carbide & Carbon 75%
.13 up
Gen. Electric
35
Union Pacific.
841*
Gen. Motors
493
United Aircraft
401
Gen. Railway Signal
16)*
United Airlines Trans
18
Gen... Tire & Rubber
11*
United Carpn
81/811 812/81
802/802 803/802
821/82. 811/817
14 up
Glidden Co.
142
United Corp. $3 cum pf. 351
Goodrich (B.F.)
121
United Gas Corpn.
.1+
up
Goodrich $5 pr.
561"
United Gas Improvement
11
"Goodyear Tire & Co.
153
US.. Industrual Alcohol.
22
Great Northern Iron Ore ..
151
U.S. Rubber.
201
FJ
Great Northern Rly, pfd,
281
U.S.' Rubber $8 pid,
764
December
WINNIPEG
WHEAT
Cctober
573/571 591a
70+b
577/571
581/581
Interest Rates on Application.
ap
Great Western Sugar
194
U.S. Smelting
32*
Sir Vandeleur M. Grayburn,
Chief Manager... FAILI PAC
CANTON CAWNPOLI CUBU COLOMBO
Rangoon Saigon • DILH1
Francisco
KAIPHONG HAMBURG. BANKOW
MEIS NEW YORK PRIPING
(Peking)
"TAIPING
TIENPAIN
TONGKAN
(Bhuket) TINGTAO
YOKOHAM
FOREIGN EXCHANGE and General Banking Business transituted.
OPERENT Accourts opened and FIXED DEPOSIT received for Ope Year or shorter periods in Losal or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
on application.
CURRENT Accounts opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED Doar received for one year of shorter periods in Local and other Car rencies on terms which will be quoted on application.
Also up to date SAT DEPOSIT Buxas in various sizes To Let 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 HONGKONG & SEANGKAT BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAJ
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com plete Foreign Banking Servis in the principal Markets of the world.
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained as any of the Agencies and Branches.
B. A. CAMIDGE,
Manager.
BANK OF EAST ASIA, LIMITED
5,599,000.00
Authorised Capital......$10,000,000.00 Paid-Up Capital Reserve and Undivided
Profite
2,183,261.50
Head Office:-HONG KONG. No. 10 Des Voeux Road, Central,
Board of Directora:
SIE SHOVAON Cяow, Chairman Li Koon Chan, Esq. Li Lan Sany, Eag P. K. Kwok, Esq., Wong Chu Son, Esq. Wong Tun Tong, Esq. Kan Ying Po, Leg. Chan Ching Shak, Esq. - Fung Ping Wah Esq. Kay Tone Po, Esq., Chief Manager. LI TRE FORG, Esq., Manager
Branches and Agencies:-
Booom! Pas
Slagspors Rangoon Bowers.baya Saigon
ILOILO IPOH
SAIGON..
SEREMBAN
DALOUTTA
KARACHI KLANG AQINCIES: OBT
BHANGHAI
SINGAPORE
SITIAWAN
ÖLME STREET
XUALA
„SOUHAREYA
J
LUMYUS ETCHING
· MADRAS
* MANILA
| Amgy
Batavia
¡Loudon
Bombay
Manlis
2
Malbourne
591/591
591/59%
#up
Bax Fran- Bydney
Greyhound Corpn.
111
US. Steel
594
--SAFE·· DEPOSIT BOXES
Hercules Powder. Co.
81.
Vanadium
321
"'T.
70%/701
702/703
da F-
Homestake Mining
481
Vultee Aircraft
ga
NEW YORK HIDES
Int' Nickel
277
Walworth "Co.
41
10.72/72 10.55b
10.55b/70a 10.53/53
10.79/79 - 10.78/78
.07 up
Inter, Paper & Power
141
Warner Bros. Pict.
2+
.23 up
Int. Tel. & Tel
2.
Westinghouse Elec,
1081
Kermecatt Copper
30
Woodward Iron Cor
301
Lakey Foundry
MSC.
4*
22-1/4
Hongkong
Spot
Oct:
Sellers
19 N 22-3/4
Opening Closing
·0/3-9/16 0/3-37/64
9/3-9/18 0/3-37/64
• Nov. ̄...... 0/8-35/64 0/3-9/16
NY-Official Silver
34-3/4
NY-London Cross Rate 4.04
unquoted. 4.03-3/4
Libbey-Owens-Ford Glass 433
Chase National Bank National City Bank
203* 241*
Lockheed Aircraft
291
Sterling
5-17/32
U.S. Dollars
Spot
$5-17/32
35-17/32
Oct......
5-1/2
Ready
Oct. 23 Bettlement
Chartered Bank
61
&
f
War Loan, 31% (Red,
after 1952) Canton-Kloon Bly. 5% "Uhinese 41% Gold Loan
1898 (Brit. Isane) 30 Chinese 6% Gold Bonda,
1925-47... Chin. 41% Anglo-French
Lean, 1900 Chinese 5% Crisp Loan.
1912. Chinese 5% Reorg Loan,
1913 (Ldn. Is)
HK. & Shai Bank (Lda.
Reg)...
101
8
Chosen Corporation
35
Pekin Byndicate
B'hal Elec. Constr. Co.
15
44
Bhal Waterworks "A"
137
TO-
Union Ensurance
20
12
Gula Kalumpong Rubber
13/0
B-A, Tob. (bearer)
81/3
18.
Mercantile Bank
101
Chinese 8% Ster. Notes,
Dunlop Rubber
29/3
62-14
1925 (Vickers) ‚·
Bristol Aeroplane
9/3
62-15
Chin. Imperial Rig. 5%
Impérial Chemical Ind. 27/3
83-00
Nov, 26 Settlement
LONDON METALS
EXCHANGE
London, Oct. 4 (Reuter); Fin Standard, Cash, Middle Price: £255-7/8
Tin, Standard, 3 months. Middle Price £260-1/8 PV
United Kingdom consumer de- mand continues but United States demand quiet.
German Lane) Lung Tsing & U. Hải .........
RIF. 6% 1913 8'hai-N'King Rły: 5%- Tientsin-Pukow Bly, 65%
(Brit. Stpd.) Tientsin-Pukow Bly, 5%
(German Stpd.)
Loan....
41
United Steel
17/3
Honan Rly, 5%
10
Woolworths
58
Hukuang Rig 5%. 1911...
"Maraman. Investments
8/9
(LP. N/Y Issue)
12.
Western Holdings
10
Hukuang Rly. -5%, 1911
Sub-Nigel ..
160
10
thell Trans.
Trad.
For further particulars
(beater) (Appenau
36
please apply talen
8
Nat Defence Bonds, 3%
1014
London-Midlands-col-
Msh 8%
114
Great Western Rall-
way, 8%
28+
Nat Bank of India; 3
(241
5-17/32 Nov,
-5-1/2 Market: Quiet but steady.
Calcutta Exchange
Calcutta, Oct. 25 (Reuter), T.T. on Japan, 81-1/4.
India Rupee Paper
Bombay, Oct. 25. (Reuter). Govt. 34% Rupee, 91-02-0.
SILVER MARKET
HOMBAY BILYER A Bombay, Oct. 25 (Reuter).
Market-Quiet Offtake 26 bars.
Indian Mint - Silver ́ ́:
LONDON STOCK EXCHANGE
(REUTER'S SERVICE) .
London, Det. 4. Tientsin-Pukow Bly, 5%
(Brit. Atpd. Supl. Loan) 8 Tientsin-Pakow Bly, 5%
The following quotations are the middle prices at, the close of the market. in London. All quotations
are subject to confirmation and no Jap. 6% Ster. Loan, 1924
| responsibility is assumed for errors Ger, 7% Intl. Loan, 1924 51
In transmission.
HK. & Shai Bank (Col. “
Reg)
Chinese Eng & Mining.
(bearer,
28.44 18.03 20 Utilities
DOW JONES AVERAGE
3040
High Low Dow Jones Averages 159.80 111.84 30...... Industrials
82.67 92.15 20
Oct. 4, 133.79
Raila
29.17
.03 up
91.93
.00 op
**80,811483.08 40. Bonds
90.56
(der. Stpd. Supl. Loans g
607 49 47 11 Commodity Index
63.16
90.43 ,13 up 53.7963 ap
Business Done~200,000 shares
21
Oct. 6. 1940. High Low Close 133.98 133.61 133.90 29.21 29.10. 22.20 37.01 21,89 2109
Change
.11 up
This Bank is entirely owned by
THE CHASE, NATIONAL "BANK NEW YORK, with sources of or U.S.$2,900,000,000. || |
D. M. BIGGAR,
3.cond Fica Pru
A Job?
WANT ADS
INDO-CHINA
Shanghal.
Every description of Banking and Exchange business transacted. Losas granted on approved securities.
Current Accounts opened in Local Currency and Fixed Depozite re- caived for one year or shorter periods in Local and Foreign Cnr rencies
terms which will be
on
quoted on application.
SAFE
TOBIT BOXES TO LEs.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
STEAM NAVIGATION COMPANY LTD PAID UP CAPITAL 40,000,000.00
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth Blangelde the Roosevelt Terminal in the French Concession, at
Shanghai, where passengers
and cargo are landed.
JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL- GENERAL
NAGERS
(BRANCHES ALL OVER CHINA) | Owing to our numerous Branches in China and connections in the principal Commercial Centren 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, QUEEN'S ROAD, 0. South China Offees
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN KINGOHOW
We also handle the issue of Bonds and other Public Fund off the Uhinese Governmmit both at Home and Abroad.
SHOU JCHEN,
Manager.
Haiphong Bankow Boudist Kobe
New York
Beattie
2013.00
Palpion