Adam, Express
*** 280
Alleghany Steel Co.
Allis Chalmers
On demand
******** 59 3/4 :
Aluminium Ltd.
On Japan:
Amer. Can
NEW YORK, October 9, 1940.
On demand
106
American Cyanamid B.
On 'India
Telegraphic Transfer.
SINGAPORE
BBER
82 1/2
and demand
On New York:-
On Batavia-
On demand
V
On Paris:-
SPOT
Bank Bills, on demand 29 7/8 Credits, 60 days' sight 23 3/4
JAN,-MAR.
APR.-JUNE
34 cts.
Previous October 9
Close Opening Closing Buyers Buyers 37-1/2 37-5/8 37-3/8 35-1/2 35-5/8 35-1/2 34.cts. 33-3/4
Amer. & Foreign Power
Change
Amer & Foreign $7 pt.
Amer. Locomotive ".
of 1/8
Amer. Metals Co.
unch.
Amer. Radiator
off 3/4
Amer. Rolling Mill
42 3/4
The market was steady at decline... LONDON RUBBER
Amer, Sting and Ring Co. "391
Previous close Today's close
Amer, Sugar Refining
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
CCTOBER, 9, 1940
On London:-
Telegraphic Transfer, 148 7/ Bank Bills, on demand 1/2 7/9 Credits 4 months' sight 1/31/% On Shanghai:-
On demand
On Singapore:—
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
“QUOTATION
(BEUTER'S SERVICE)
OCTOBER 10, 1940.
FRIDAY, OCTOBER 11, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION""
Authorised Capital 860,000,000 -
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 corporated by Royal Charter, 1808
|Paid-Up Capital £6,500,000 Reserve Fund..
Reserve Funds : Sterling B.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
....$20,000,000
....£$,000,000 .......£3,000,000
prietors
£3,000,000
HEAD OFFICE: LONDON:
Head Office:-HONG KONG
Hon. Mr. T. E. Pearce,
39, Bishopsgate E.C.S. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.$.
West End Branch: 14/16, Cockapur Street, S.W1 Manchester Branch: 82, Mosley Street, Manchester, 8.
AGENCIES AND BRANCHES-
HAZRIN BŪNA KONG MANGOON
ALOR STAR AMKITBAR MANGION.
BATAYIA
BOMBAY
Last Sale
STOCKS
Last Sale
| Reserve Liability of
Proprietors
Oct. 9
Oct. 9
5+
Loew's Inc.
251
211
Loft Incorperated
207
"32}
Mack Truck Inc.
251
82-
Martin, Glen L
31
Board of Directors: H. V. Wilkinson, Esq.,
97
McKesson & Robbins, pid. 261
357
Montgomery Ward
401
11
M'tain City Copper Co.,
31
14
|National Aviation
10*
15
Nat. Dairy Products
131
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman, ...J. K. Bousfield, Esq., A. H. Compton, Esq.,
18
National Distillers
214
Hon. Mr. S. H. Dodwell,
PENANG
7
National Lead
18
G. Miakin, Esq.,
11#
Nat, Fower & Light
71
K. S. Morrison, Esq.,
National Supply Corp.
54
ILOILO
IPOR
SAIGON
BEREMBAN
131
New York Central
14]
C. O. Roberts, Esq.,
Bank Bills, on demand 1085 Credits 4 months' sight 1160
On Saigon:—
On demand
SPOT
buyers
buyers
Change
Amer. Tel, & Tel. .........
162/..
Niagara Hudson Power
4
11-7/8
11-7/8
unch.
Amer. Tobacco “B”
774
N. American Aviation
164
Hon. Mr. A. L. Shields, Sir Fandeleur M. Graybara,
SALOUTTA
KARACHI
KLANG
SHANGHAI
SINGAPOER
40INCLES: KOBE
ÖLLYA STREET
NOVEMBER
DECEMBER
JAN.-MAR.
On Manila:--
On demand
... 45 3/4"
On Bangkok:-
On demand
7
On Sterling Notes:----
Bank Buying Rate Bar Silver per o...............aia
Nou. 937/16
11-7/8
11-7/8
unch.
Amer, Waterworks
81.
North American Co.
181
Chief Manager, FAIRLIN PLACE
KUALA
SITIAWAN, Y. SOURARIYA
11-7/8
11-13/16
off 1/18
Anaconda Copper
221
Northern Pacific
CANTON
LUMPUR
TAIPING
11-13:16
APRIL-JUNE
11-11/16
11-13/16 11-11/16
unch.
Atchison, T. & 8. Fe.
101
Owens-linols Glass Co....
561
Branches:
CA WNPORE
KUCHING
TIENTSIN
'CERU
MADRAB
TONGKAH
unch:
Aviation Corp.
4}
Pacific Gas & Elec
29
Amoy
Johore
Baldwin Lecometive
16
Packard Motors
34
Bangkok
Kobe
Rangoon Saigon
COLOMBO,
MANILA
(Bhuket)
The market was idle.
Baltimore & Ohio
4.....
Pan-American Airways
*151
Batavia
Kowloo San
DELUI
MRDAN
TRINOTAÐ
HAIPHONG
NEW YORK
TOKURAM?
*
Close 9.62/62
9'59/59
£
9.56 N
War Loan, 3% (Red.
after 1952) Janton-Koon Rly. 5%
T
9.55/65
"
101-13/16
6
(
9.47/47
Calcutta Exchange
Calcutta, Oct. 9 (Reuter). T.T, on Japan, 81-1/4...
India Rupee Paper
Bombay, Oct. 9 (Reuter). Govt, 34% Rupée, 91-02-0.
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Oct. 9. 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 la transmission.
NEW YORK COTTON: The lack of aggressive demand to absorb light, hedging was responsible for the easiness. Offerings of ac- tual cotton in the South were light. Textile sales were improv- Ing.
NEW YORK RUBBER: The market was very steady, due to buying by commission Houses and closed steady. Dealers were not in the market.
CHICAGO WHEAT:
The undertone was firm. Trading was mode- rate, with some disposition to await further developments with regard to the European and Far Eastern political situation. The seeding of Winter grains has made favourable progress. NEW YORK STOCKS: Previous close, 131.31; Today's close, 130.54;
Change, off w
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, Dec. dapurematto New York Rubber, Dec. ... Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON Oct. (New contract) December ( }
{... January March May
Celanese
Chesapeake & Ohio Chrysler Corpn.
Barber Asphalt Co. Barnsdall On
101*
Paramount Pictures
7.
Bombay
Kuala
Francisco
Bendix Aviation
เท
Bethlehem Steel
Bliss Co.
Boeing Airplane Co.
Borg-Warner
· T.
Briggs Mfg. ..............
Budd M'facturing Corp.
Canadian Paciic R'way
Case, JI
Columbia Gas & Elec. Commercial Credit Co. Com; & Southern” (Ord, ) Consolidated Edison Consolidated 01 ́.............
Continental Can
Prev. Today's 9.59 9.55, 9.59 9.55 .04 off 20.11 19.86 19.86 20.00 .14 up
82) 817 82 821 581. 581 581 581
Continental Of
Copperweld Steel
Curtiss Wright (C)
Curtiss Wright "A"
up
10.70 10.55 10.66 10.60
.06, off
Deere & Co. .........
Distillers Corpn. Seagrams
Opening
Closing
Change
Douglas Aircraft ..............
9.60/00
0.60/60
.02 off
Du Pont de Nemours
9.56/58
9.55/56
.04 off
Eagle Picher Lead
9.51/61
0.5in.
.05.. off-
-Eaton-Mig-Co..
9.54/54
9.52/52..
.03 off
Elec. Autolite
9.45/45
9.43/43
.04 off
Elec Bond & Share..........
July
{
}
I
9.27/27
9.24/24
Chinese 41% Gold Loan
1898 (Brit, Issue)
30
Spot
9:71 N
9.23/23 9.8711
.04 off
Elec. Bond & Share $5 pf.
.04 off
Elec. Bond & Share $0 pr.
Chinese 5% Gold Bonds.
Total sales Tuesday:-122,200 bales.
Elec. Power & Light 37"pf.
Funtione
1925-47
35
NEW YORK RUBBER
Gen. American Trans.
Chin 41% Anglo-French
December
Loan, 1908
44
January
19.86/86 19.77b
19.88/89
19.75/75
Chinese 5% Crisp Loan.
March
19.60b/62a
1912
12
May
19.48b
19.70/67 19.54.53
20.00/00 19.90b 19.75 19.63b
14 up .13 up
Gen. Electric
Gen. Motors
.15 up
Gen. Railway Signal
.15 up
Gen. Tire & Rubber".
Chinese 5% Reorg. Loan,
1913 (Lan. Is) ............ 18
Total sales:-1,010 tons.
Glidden Co. ...........
Goodrich (B.F.)
Chinese "8% Ster. Notes,
CHICAGO WHEAT
Goodrich $5 pt.
1925 (Vickers)
December
Chin. Imperial Rly. 5%
May
821/82 811/811
82/821 81/81
82/821" 818/811
"up
Goodyear Tire & Co.
unch.
Great Northern Iron Ore ..
Loan
41
Honan Rly, 5%
10
Hnkuang Rly 5%, 1911...
#9
Tuesday's sales:-9,714,000 bushels. CHICAGO CORN
Great Northern Rly, pfd.
Great Western Sugar
Greyhound Corpn.
(LP. N/Y Iarue)
12
December
58ja
Hukuang Rly. 5%. 1911 -
May
591/591
581/581 581/581 593/591 594/591
up
Hercules Powder Co
off
-Homestake Mining
German Issue
10
WINNIPEG WHEAT
Int Nickel
Lung Tsing & U, Hal
Rly. 5% 1913
8
October
701b
700/70
7040
unch.
Inter. Paper & Power
Int, Tel. & Tel
Phai Nhing Rly, 5%
12
Tientsin-Pukow Rly, 5%
(Brit. Stpd.)
8
NEW YORK HIDES
December March
Eentrecott Copper
10.66/66 10.55b
10.65/60 10,50b/30a
10.60/80 10.52b/55a
.06 "off
Lakey Foundry & Mac.
.03 off
Tientsin-Pukow Rly, 5%
Libbey-Owens-Ford Glass Lockheed Aircraft
34-3/4 4.03-1/2
(German Stud.) Tlentain-Pukow Rly. 5%%
(Brit; Stpd. Supt., Loon) 8 Tientsin-Pakow Rly. 5%... (Ger. Stpd. Supl, Loan) Jap. 6% 8ter. Loan, 1924 19 Ger. 7% Intl. Loan, 1924 51 Chartered Bank
8
Total sales for the day:-64 contracts.
NY-Oficial Silver .... 34-3/4 NY-London Cross Rate Rod
LONDON STOCK PETROL SALE
EXCHANGE
LONDON, Oct 10 (Reuter)
The London Stock Exchange "was
quieter and irregular yesterday.
UNRESTRICTED
IN ICELAND
Some profit-taiking among indus- LONDON, Oct. 10 (British Wire trials reduced recent gains. Rails leas-Information reaching Lon- however, continued to strengthen don throws into strong relief the and rubbers and oils were firmly contrast between the feeling in
Wall maintained.
Street was enemy occupied territory and that
SILVER MARKET
7
H.K. S'hal Bank (Lón.
Reg.)
64
HK 8'hai Bank' (Onl.
fleg)
24
Chinese Eng. & Mining
(bearer) a
14
Chosen Corporation.
4
Pekin Syndicate
S'hai Mec. Constr. Co.
15
Bhai Waterworks “A”
131
easy.
Unton Insurance
20
Gula Kalumpang Rubber 13/9
B-A. Tob. (bearer)
23/11
Mercantile Bank
104
Dunlop Rubber
30
Bristol Aeroplane
9/8
Imperial Chemical Ind. 27/3
| and featureless,
Spot, 23-7/184.
United Steel
Woolworths
Maramar, Investments...
18/71 57/3- 7/6
Western Holdings
9
Sub-Nigel
157/6
Thell Trans, &* Trad.
(bearer)
Nat Defence Bonds, 3% 101) London-Midlands-Boot-
- tish. 3% -
Great Western
way, 3%
Rail-
Nat, Bank of India, 3%
LONDON GOLD
London, Oct. 9 (Reuter). Bar Gold, Fitte per os 169/-
LONDON SİLVER
London, Oct. 9 (Reuter).
In British ocqupled Iceland, where
1940
DOW JONES AVERAGE
Bigb Low Dow Jones Averages 159.80 111.84 30 Industriale
32.67 22.15 20. Rails
Oct. 8, 131,31
Oct. 10, 1940, High Low Close
63.06 40 Bonda 84.07 48 74 11
Commodity Index
29.62 .81.55 90.09 53.85
1313r 130.11.130.64 28.74 28.48 98,50
· ́31.56... 21.30" 21,40
Change 77 off
„04 up .15 off 69.93 .09 off 63,90 .26 up Business Done: 400,000 shares
28:45 18.03 20. Utilities
90.61
Patani
(Jobore) Tientsin Mukden
Peiping Yokohama
(Peking)
„Furkion Exchange and General Banking Business transacted.
CURRENT Account opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates, which |will be quoted on spplication.
SAVINGS ACCOUNTs also opened in Local Currency and Sterling wildn
CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and Fixed Deposition application. received for one year or shorter The Bank's Head Office in London periods in Local and other Car-undertakes Executor and Trustes rencies on terms which will be business, _`and' claima" recovery" of British Income Tax overpaid, on
Atso up to "date" SAFE DEPOSIT terms which may be ascertained að
any of the Agencies and Branches.
RA. CAMIDGE,
Manager.
Hong Kong. 28th February, 1940,
HONGKONG SAVINGS
BANK
The Business of the above Bank
18 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 Hong Kong, 28th Feb., 1939.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAI
HEAD OFFICE;
18, PINS STRENT,
NEW YORK. An American Bank offering com plets Foreign Banking Servic in the principal Markets of the world. Interest Rates a Application.
This Bank is entirely owned by
THE "CHASE NATIONAL”. BANK NEW YORK, with Besources of oveði U.8.$2,900,000,000.
D. M. BIGGAR,
Iscond Vios Pra
Consul
WANT ADS
INDO-CHINA
a friendly and mutual cooper STEAM NAVIGATION COMPANY LTD
tion is the rule.
The Trelandic Government has
played a large part in this. For- Operating Services for Cargo and Passengers
Silver-Market quietly steady tunately this Government was.
TO-
formed six months before the war by a coalition of conservative, pro- gressive and socialist parties.
Bombay. Oct. 9 (Reuter).
Forward, 23-7/16d.
'BOMBAY SILVER
| Market---Quiet,"・ Oftake 50. bars, Indian Mint Silver
Ready
Oct. 23 Bettlement
62-12 62-13
Nov, 26 Settlement... 62-14
LONDON METALS
EXCHANGE
London, Oct. 9 (Router) Tin, Standard, Cash, Middle Price £258-3/4.
Tin. Standard 3 months. Micale Price, 200-5/8
Market easier after rulbig firm.
It is supported by 48 to 40 mem- bers of Althing.
A further contrast ls that the. petrol sale is not restricted, in Iceland. The British army. obtain potatoes from Britain so they will not drain on Icelandic crop which this year is poor owing to the bad weather
On the other hand, British troops afford a new market for part of the products in Iceland which for merly had to be exported for in-. stance meat and fish.
Moreover they purchase all the goods, at market prices and for Icelandic currency at normal rates
SWATOW, BHANGHAI, TSINGTAU, CHEVOQ
And TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers borth alongside the Roosevelt Terminal it the French Concession, at Shanghai, where passengers. and cargo are landed. -
For further particulars
please apply to
JARDINE ATHESON&Co.E
TELEPHONE: 403IL • GENERAL MANAGERS
BANK OF EAST ASIA, LIMITED
Authorised Capital...$10,000,000.JB "Paid-Up Capital - 5,588,600.0P -:
Reserve and Undivided
Head Office:—HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
SIR BROTBON Cнow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P.E. Kwok. Eng. Wong Chu Son, Daq. Wong Tan Tong, Baq, Kan King Po, Bag, Chan Ching Shak, Kaq,- Fung Plug Wah Baq Kam TONG Po, Esq, Chief Manager Li Ter Foro, Esq., Manager
Batavia Bombay Galesita
Branches and Agencies:::
Koricos Penang. Bingapors Loudon
Rastroda Manila
Swatow Sydney
Every description of Banking sod- Exchange business transacted. Loans, granted on approved securities,
Current Accounts opened in Local Carreucy and Fixed Deposits re esired for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT Borrs To Lar.
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 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 sod Fixchange.
Head Office:—SHANGHAI Hong Kong Branch;
4, QUEEN'S ROAD, C. South Chena Offices.
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN "KINGCHÓW
We also handle the issue of Bonds and other Publin Funds of the Cuidea Government hoth at Home and Abroad.
SHOUL CHEN,
8
Pennsylvania RR.
221
Calcutta Lumpur Shinghal
HAMBURO HANKOW
PRIFING
Canton
London
301
Philadelphia Read, Coal
Chefoo
Lyons
Singapore Sourabaya
781
Phillips Petroleum
351
Colombo
Malacca Sungei
14
Public Service of NJ.
·331.
Dairen
Manila
151
Pullman InC.....................................................
24
Foochow
Muar. Swatow
181
Pure O**
Haiphong
201
Radio Corpn. of Am.
#
Bankow
4
Reading Company,
Com
141
Harbin
Tokyo New York Taingto
Iloilo
-31
Remington Arms Co., Inc.
54*.
Ipoh
Penkug
'.
54
Republic Aviation Corp.
ร
29
Republic Steel
171
40
Revere Corp.
104
78
Reynold Tobac. "B".
347
51
Bateway Stores
42
301
Schenley Distillers
D4
1
Sears Roebuck
791
quoted on application.
...
201
Shell Union On
81
51
Socony-Vacunum Oll
8
Boxes in various sizes To La
394
Southern Pacific
출
171
Southern Rly $5 pid:
201
191
Spicer Manufacturing Co.
32
78
Standard Brands
03
26j
Stand Gas & Elec.
#+
191
Standard Oll of California
187
16
Standard Oll of N.J., **
321
77
Stone & Webster.
1701
Studebaker Com
74
8+
Swift International
17
33
Technicolor
8}
35
Texas Corpn.
331
41
Texes Gulf Sulphur
331
631
Timken-Axle
23
71
Trans-America Co.
4
361
20th Cent.. FOX.
51
167
Union Bag & Paper Corp.
11
49
Union Carbide & Carbon
721
332
Unton Pacific
82
481
United Aircraft
381
141
United Airlines Trans
17
111
United Corpn.
11
141
United Corrin. 33 cum pf.
34"
11
United: Gas Corp. ....
501
United Gas Improvement 114
15
US, Industrual Alcohol,
22
15
U.B. Rubber.....
20
261
US. Rubber $8 pid.
74
Bombayn
191
US. Smelting
61*
11
UB. Steel
571
SAFE DEPOSIT BOXES
78
Vanadium
311
401
Valtee Aircraft
8*
Balgon
Helbourne S40 Frum
Walphong Hankow
Bow York Beattle
Pariz
obe
Poplar
Semarang Slangtul
Cagyer
201
Walworth-Co....
41.
131
Warner Bros. Pict
21
24
Westinghouse Elec.
104
291
Woodward Iron Cor.
29
37
43
Chase National Bank National City Bank
241*
271