STOCKS
Adams Express
385
Alleghany Steel Co.
Allis Chalmers
52.3/4
Aluminium Ltd.
On Japan:-
Amer. Can....
Previous
October 7
On demand
105
American Cyanamid B.
Close Opening Closing Change
Jn India:—
Amer. & Foreign Power
37-3/8
35-3/8
Buyers Buyers
37-1/2 35-3/8
37-5/8 35-5/8
up 1/4
and demand...69 1/2 On New York:-
Amer & Foreign $7 pt.
Amer, Locomotive
33-7/8 33-7/8 ·34-1/8
Amer, Metals Co. Amer. Radiator
Amer. Rolling Mill
Amer. S'uing and Ring Co.
Previous close Today's close.
Amer, Sugar Retning
buyers
buyers
Change
Amer. Tel, & TAL
S.POT
NOVEMBER
DECEMBER
JAN.-MAR
1-13/16
11-7/8
up 1/18
11-7/8
11-7/8
11-7/8
11-7/3
unch.
unch.
Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
11-13/16
· 11-7/8
9.64
9,80 19.80 19.70
831821
582 554
.. 582
10.82 10.69
Opening
0.64/84
9.62/62
+
>
9.62/63
9.50/60
APRIL-JUNE
11-11/16 .. 11-13/16
Market very steady with covering demand but sellers reserved. NEW YORK COTTON: The market continues to reflect a downward' revision of the crop estimate and moderate mill fixations. There was some hedging, but it was insufficient to influence the mar- ket. Leading Trade sources believe that a large volume of cotton
is still entering into the Loan.
CHICAGO WHEAT: The advance met with profit-taking' and mode-
On demand
In Bangkok:-
On demand
On Sterling Notes:-
Bank Buying Rate sar Silver per oz.
rate hedging against loan repossessions, but there was no sell-Shanghai Exchange
ing pressure.
NEW YORK STOCKS: Previous close, 133.90; Today's close, 133.51;
Change of 39.
NEW
YORK COMMODITY MARKET
(REUTER'S SERVICE).
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 (
Close
Official T.T, Rates
up 1/16 up 1/8
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK, October 7, 1940.
SINGAPORE RUBBER
SPOT
JAN.-MAR.
APR.-JUNE
The market was steady but quiet. LONDON RUBBER
MONEY AND
EXCHANGE · CLOSING QUOTATIONS
OCTOBER 8, 1940.
On London:-
Telegraphic
Transfer/197/5
Bank Bills, on demand 1/9 7/8 Credits 4 months' sight 1/3 1/
On Shanghai:—
On demand
Da Singapore:-
On demand
Telegraphic Transfer.
Bank Bills, on demand 22 7/8 Credits, 60 days' sight 23 3/4 Ja Batavia:-
On demand... 42 9/4 On Paris:-
Bank Bills, on demand 1085 Credits 4 months' sight 1100
On Saigon:-
NEW YORK STOCK EXCHANGE
-QUOTATION-
(REUTER'S SERVICE)
OCTOBER 8, 1940.
National Lead
WEDNESDAY, OCTOBER 9, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000 Issued & Fully Paid-Up 820,000,000
Reserte Funda:
Reserve Liability of
Proprietors
INDIA, AUSTRALIA
AND CHINA
corporated by Royal Charter, 1850 Paid-Up Capital £8,500,000 Reserve Fund.
....£3,000,000
.....£$,000,000.
.£3,000,000
10,000,000 Reserve Liability of Pro-
prietors
Chairman.
Hon. Mr. T. E, Pearer,
BEAD, OFFICE: LONDON:
39, Bishopsgate E.0.2. Sab-Agencies In London: 17/129, Leadenhall" Street, E.C.S West End Branch: 14/18, Cookspur Street, S.WI Manchester. Branch:
32, Mosley Street, Manchester, L
AGENCIES AND BRANCHES.
ALOR STAR AMRITHAR BANGKOK MATAVIA BOMHAY
HARBIN PENANG HUNG TONH
BANGUON
Sterling
H.K. Currency Reserve
Last Sale
STOCKS
Last Sale
Oct. 7
$90,000,000
Oct. 7.
.54
Loew's Inc.
261
Head Ofce:-HONG KONG
228
Lott Incorperated
201
341
Mack Truck Inc.
251
823
Martin, Glen L
311
Board of Directors: H. V. Wilkiuson, Esq.,
091
McKesson & Robbins, pld. 271
351
Montgomery Ward
414
11
M'tain City Copper Co.
3*
Hon. Mr. J. J. Paterson,
Deputy Chairman,
16"
National Aviation
101
J. K. Bousfield, Esq.,
153
Nat. Dairy Products
138
A. H. Compton, Esq.,"
168
National Distillers
..22
Hon. Mr. S. H. Dodwell,
71 #
181
G. Miskin, Esq.,
121
Nat, Fower & Light
K. S. Morrison, Esq.,
42
National Supply Corp.
61
14
New York Cental
141
C. C. Roberts, Esq.,"
ILOILO IFOR KARACHI
BAIGON
BERAMYAN
BHANGHAI
163! так
Niagara. Hudson Power
31
Hon. Mr. A, L Shield,
CALCUTTA
KLANO
SINGAPOR
N. American Aviation
171
Sir Vandeleur M. Grayburn,
AGENCIES: KOBE
SITIAWAN
CLAVE STREET
"
North American Co.
181
Chief Manager. FAILLIA PLACE
KUALA
SOURABAYA
234
Northern" Pacific
7.
On demand
99·1/2
Atchison, T. & 3 Fe
17
Owens-Illinois' Glass Co. ...
584
On Manila:-
Aviation Corp.
4골
Pacific Gas & Bec
291
Amoy
Branches: Johore Rongood
45 3/1
Baldwin Lecometive
104
Packard Motors
34
Bangkok
Kobe
Saigon
Baltimore & Ohio
44
Pan-American Airways
18
Batavia
Kowloon San
Barber Asphalt Co
101.
Paramount Pictures ...
7
Bombay
Kuala
Francisco
Calcutta
Barnsdall Ol
B&
Pennsylvania RR.
221.
Lumpur Shanghai
Now.
Canton
Londou
Bendix Aviation
318-
Philadelphia Read, Coal
1*
Singapore
Chefoo
23 7/16
Bethlehem Steel
792
Phillips Petroleum
38
Colombo
Malacca
Biles & Co.
141
Public Service of NJ......
333
Sungei
Dairen
Manila
Boetry Airplane Co.
151
Pullman Ine...................................................
24.
Foochow
Muar
Swatow
Borg-Warner
183
Pure Ou
71
Briggs Mfg.
221
Radio Corpn. of Am.
5
Raukow
Mukden Tokyo
Shanghai. Oct. 8 (Reuter).
Budd M'facturing Corp.
44
Reading Company,
Com
15%
Harbia
Opening
Canadian Pacife R'wa7
**
Remington Arms Co, Inc.
52.
Boik
Peiping
London
0/3-9/16
Case, I
57
Republic Aviation Corp., ...
54
Ipoh
Penang
New York
5-1/3
Celanese
29
Republic Steel
181
Prev. Today's 9.62 9.61 19.65b 19.70 821 821
Japan India Hongkong
23-3/8
Chesapeake & Ohlo
401
Revere Corp.
11
19-3/4 N
Chrysler Corpn.
791
Reynold Tobac. "B"
354
23-5/8
Columbia Gas & Elec.
51"
Safeway Stores
42j*
.01 off
Sterling
Commercial Credit Co.
302
Schenley Distillers
*10*
rencies
.05 up
Sellers
Com, & Southern (Ord.).
Sears Roebuck
81;
quoted on application.
off
581
10.79 10.79
:
A off ,09 off
Spot Oct.
Closing Opening 0/3-47/64 0/3-11/16 0/3-47/64 0/3-11/16
Consolidated Edison
261
Shell Union Oil
81".
Consolidated Oil
51
Socony-Vacunum Of
81
Boxes in various sizes To Let Hong Kong. 28th February, 1940.
Continental Can
39+
Southern Pacific
9.
Closing
Change
Nov.
1/3-23/32 0/3-43/64
Continental Of
171
Southern Rly $5 pfd.
211
||
Lyons Sourabaya
Patani
Haiphong (Johore) Tientsin
New York Tsingtao
Yokobama
NEW YORK PEIFING
(Peking)
TAIPING TIENTSIN TONGKAR
(Bhuket)
THIN GTAŬ
YOKOHAM
FOREIGN EXCHANOR and General Banking Business transacted.
CURRENT ACCOURTS épened and FISED DEFOBITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at rates obtainabla LOBAL CURRENCY and FixD Derostra o spplication received for one year or 'shorter | The Bank's Head Office in London periods in Losal and other Cur undertakes Executor and Trustee terms which will be business, and claims recovery of British Income Tax overpaid, on
on
ALSO up to date SAFE DEPOSIT terms which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
CANTON CAWNPORN
LEMPUR
KUCKING
CHU
MADRAS
COLOMBO
MANILA
DELHI
MEDAN
HAIPHONG
HAMBURO HANKOW
9.63/63
.01 off
.9.61/81
01 OF
January
March
9.61 N
9.55b/56a 9,60n
.01 off
}
9.61/61
9.59/59
9.60/60
.01 off
May
9.49/49
9.49/49..
9.50/50
.01 off
U.S. Dollars Spot $5-25/32 $5-23732 Oct.
5-25/32 Nov.
5-3/4 Market Uncertain.
Copperweld Steel
191
spicer. Manufacturing Co. 33*-+
Curtiss Wright (C)
-72
Standard Brands
81
5-23/32
Curtiss Wright "A"
261
Stand Gas & Elec.
1}*
5-11/16
Deere & Co.
20
Standard Oll of Californis
171
Distillers Corpn. Seagrams
164
Standard Ou of N.J.
33+
Douglas Aircraft
77
Stone & Webster
81
9.28/23
9.28/28
9.75 N
9.31/31 9.72n
...03 up
Total sales Baturday:-63,100 bales.
NEW YORK RUBBER
Saturday's sales:-7,494,000 bushels,
unquoted
December
19.65b
19.80/80
January
19.60b
unqucted
· March
19:503
May...
19.38/38
19.56/55 unquoted
10.70/70 19.61b 19.45b 19.33b
..05
up
Total sales:-170 tons.
CHICAGO WHEAT
December
821/621
May
811/81%
CHICAGO
December
581/58
May
58/581 591/59% 60/80
584/581 591/591
A off off
WINNIPEG WHEAT
October
703/701
700/701
700/701
NEW YORK HIDES
December
March
10.79/79 10.80/81 10.70/70 10.78/78 10.82/82 10.86/66
.09 OX .12 off
34-3/4
· 4,04
824/823
821/927.
820/821 811/811
off off
Juty
Spot
CORN
Total sales for the day:-75 contracts.
NY Official Silver
NY-London Cross Rate 4.03-3/4
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Oct. 7.
The following quotations are the middle prices at the close of the
03 of Calcutta Exchange
Calcutta, Oct. 7 (Reuter). T.T. on Japan. 81-1/4.
01 up India Rupee Paper
05 off :05 off
Bombay, Oct. 7 (Reuter}. Govt. 31% Rupee.. 91-0-0.
LONDON STOCK EXCHANGE
LONDON, Oct, 8 (Reuter)-The Stock Exchange experienced a good day yesterdus.
some
The turnover Wis broadened and prices in most sections moved higheni Industrials especially at-! 1 up tracted attention and
Leaders registered substantial gains. Katfirs enjoyed local sup port and Gilt-edged inet with in- vestment demand..
LONDON METALS
Tin,
EXCHANGE
London, Oct. 7 (Reuter),
Standard, Cash, Middle Price, £256-5/8.
Tin, Standard, 3 months, Middle" Price, £260-3/8.
British consumers were buying market in London. All quotations steadily but there was no selling are subject to confirmation and no pressure, responsibility is assumed for` errors ¦
transmission.
Wall Street was steady.
SILVER MARKET
LONDON SILVER London, Oct. 7 (Reuter). Silver.-Market very quiet. Busi
ness negligible.
Spot, 23-7/16d... Forward. 23-3/8d.
Lakey Foundry & Mac. Libbey-Owens-Ford Lockheed Aircraft
Du Pont de Nemours
176
Studebaker Com
7
Eagle Picher Lead
9
Swift International
17
1
Eaton Mfg. Co.
332
Technicolor
9
Elec, Autolite
361
Texas Corpn.
344
Elec Bond & Share
5
Texes Gulf Sulphur
34.
Elec. Bond & Share $5 p.
84
Timken-Axle
281
Elec. Bond & Share $5 pt.
73*
Trans-America Co.
4.
Elec. Power & Light $7 pf.
362
20th Cent. Fox.
Flatkote
17
Union Bag & Paper Corp.
12)
Gen. American Trans.
401
Union Carbide & Carbon
751
Gen. Electric
35A
Union Pacific
84
Gen. Motors
491.
United Aircraft
394
$
Gen: Railway Signal
151
United Airlines. Trans
171
Gen. Tire & Rubber
121
United Corpn.'
1#
Glidden.. Co.
14
United Corpn: $3 cum pt. 351
Goodrich (B.F.)
113
United Gas Corpn..
Goodrich $5 pl. .....
561
United Gas Improvement
111
Goodyear Tire &.Co. .......di
151
0.8. Industrual Alcohol.
221
Great Northern Iron Ore Great Northern Ry, pfd. Great Western Sugar Greyhound Corpn. Hercules Powder Co.
151
U.S. Rubber
193
28
US. Rubber $8 pfd.
74%
197
US. Smelting
631
Interest Rates on Application.
11!
US. Steel
591
SAFE DEPOSIT BOXES
.80
Vanadium
321
Homestake Mining
46.
Vultee Aircraft
19
#
Int. Nickel
28
Walworth Co.
41
Inter. Paper & Power Int, Tel, & Tel
144
21
Warner Bros. Pict. Westinghouse Elec.
21
107
Kentecott Copper
.30
4* Glass 441 281
Woodward Iron Cor. Chase National Bank National City Bank
30
291* 244*
HONGKONG SAVINGS
BANK
The Business of the above Bank
is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rales may be obtain ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK-
15, QUEEN'S ROAD, CENTRA
HEAD OFFICE:
18, PIN STREET,
NEW YORK. An American Bank offering com
plete Foreign Banking Service in the principal Markets of the world.
This Bank is entirely owned by
Tax CHASK NATIONAL 'BANT NEW YORK, 'with Resources of over
· T. §. $9,900,066,000,
D. M. BIGGAR,
Second Vice Pru
BANK OF EAST ASIA, LIMITED
Authorised Capital. $10,000,000.00 Paid-Up Capital 5,508,800, Or Reserve and Undivided
Profits
w....2,963,261.54
Head Office:--HONG KONG No. 10 Des Voeux Road, Central,
Board of Directora:
SIR SHOPSON Oнow, Chairman Li Koos Chao, Esq. El Lea Sang, Esq. P. K. Kwok, Esq. Pong Chs Son, Esq. Wong Yun Tong, ERC, Kan Ying Po, Esq. Chan Ching Shok, Esq. Fang Ping Wah Esq. KAN TONG Po, Esq., Chief Manager LI Tax Foso, Esq., Manager Brancher and Agencies:
Ащо) Bataris
Pan Blagapers Louder Rangoon Bearabay's Manilson Bwatow Melbourne San Fran. Bydney
Tintala
Baganaka
Paris
Polping
Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts epened in Local Currency and Fixed Deposits re- ceived for
shorter one year or periods in Local and Toreign Cur
on terms which will be quoted on application.
BATE LEPOSIT Boxes To Ler.
THE MERCANTILE BANKrencies
OF INDIA, LIMITED
Head Office-1, Gracechurch Street,
KAN TONG PO,
Chief Manager.
Bombay
Calcutta
Haiphong
Hankot
Baw York Beattie
Monolala dabe
Hemarang
BANKERS:
The Bank of England and Midland
Bank, Ltd.
Bangkok Bogibay Calcut
BRANCHES:
Kaala Trengg Madran
DOW JONES AVERAGE --
BOMBAY SILVER Bombay, Oct. 7 (Reuter). Market-Quiet. Offtake 50 bars.
1840
High Low Dow Jones Averages 15280 111,84 30 Industrials
Oct. 5,
133.90
Indian Mint Silver
32 67 22.16 20
in
(Ger. Stpd. SuplyLoan) 8
Ready Oct 23 Settlement Nov. 26 Settlement
62-11
26.45 18.03 90 '90.81 83.06 40
Rails Utilities" Bonds
28.20
21 89
Oct. 8, 1940. High Low Close 13464 133.81 133,51 29.20 28,88 28.01 39.01 21,75 21.89
Change
London, EC3
.39 of
Authorland Capital
43,000,000
.29 off
Eabscribed Captial
Paid-ny Capital ..
21,800,000 21,050,000
.17 off
Eeserve Puad and, Rent
90.43
62-12
64.07 48 47 11 Commodity Index
53.78
90.35 53.87
,08 off Il off
62-13
Business Done:-390,000 shares
3
War Loan, 34% (Red.
after 1952) Canton-K'loon R. 5% Chinese 41% Gold Loan
| Jap. 6% Ster. Loan, 1924 22 Ger, 7% Intl. Loan, 1924 54
101-15/16 Chartered Bank
6
K. 8'hai Bank (Ldn -Reg.)
04
1898 (Brit. Issue) .... 'Chinese 5% Gold Bonds,
30
1925-47 "...
H.K. & Shai Bank (Col.
Reg) Chinese Eng & Mining
Galle
74
| Konglong
Howrah
fpok
Jatha
Kuantan
Galomba Delt
Kandy
Kirschl
Kota Bharu..
Shanghai
Kuala Lipis
Stra
Singaporę
Chin. 41% Anglo-French
(bearer) .....
14
Loan, 1908
41
Chosen Corporation
Chinese 5% Crisp Loan.
Pekin Byndicate ......
܂
1912
12
S'hal Elec. Constr. Co.
15
TỪ
Chinese 5% Reorg, Loan,
1913 (Len. IB.) unuciona
B'hal Waterwôtés “A” Union Insurancê
131 20
Chinese 8% Bter. Notes,
Gula Kalumpong Rubber, 13/0
B.-A. Tob. (bearer) .... 83/14 Mercantile Bank ........... ,109
1925 (Vickers)
Chin. Imperial Rly, 5%
Loan
| Dunlop Rubber
-30/44
fonan Rly, 5%
10
Bristol Aeroplane
9/3
Hukuang Rly 5%. 1911...
Imperial Chemical, 'Ind. 27/10}
(L.P. N/Y Issue)
12
United Steel
17/10)
Hukuang Rly. 3%, 1911
Woolworths
58/3
(German Issue)
10
Marsmal Investments
8/9
Lung Teing & U. Hal
Western Holdings
10
Sub-Nigel
160
shell Trans. & Trad.
Aly. 5% 1913 S'hai-N'King Rly. 5% Tientan-Fukow Rly. 5%
Brit. Stpd.) Tientsin-Pukow Rly, 5% (German Stpd.)........ Tientsin-Pukow Fly, 5% (Brit Stpd. Bupl. Loan) Tientsin-Bukow Rly, 5%
bearer................... 35/71
Nat Defence Bonda, 3% 1011
| Londen-Midlands-Scol-
tish. 3%
Great Western Rail-
way. 3% Nat, Bank of India. 3%
12
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating: Bervices for Cargo and Passengera
EWATOW, SHANGHAI, TSINGTAU, CHEFOO
And TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are lauded.
For further particulars
please apply to
New Rock Pemang Rangoon
Kuala Lumpur “HONG KONG BRANCH: Every description of Banking and Exobsere
brainem tranzacted.
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN · CURRENT ACCOUNTS Opened in Local Our ramy and FIXED DEPOSITS reived in Locs Currency & STEELING on terus that may be -ascertained on spy leation, 14:
D. BENSON,
What do
Manager
you want?
If there is anything. you want to buy or sell, try # small Classified advertise-
ment in the Hong- kong Daily Press.
JARDINE MATHESON&Co.,Lrn 25 words $1.50 prepaid TELEPHONE 3O3ILO GENERAL MANAGERS
for 3 insertions.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
THE BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) 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.
Head Office-SHANGHAI Hong Kong Branch:""
4. QUEEN'S BOAD, C.
South China Offices: "
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinees Government both at Home. and Abroad.
AHOU J, CHEN,
Manager.