STOCKS
380
On Singapore:-
Adama Erpress Alleghany Steel Co. Allis Chalmers
On demand
52 3/4
Aluminium Ltd. .............
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS
:
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY
MARKET REVIEW (FROM PAYNE & CO.)
MONEY AND
EXCHANGE
CLOSING-QUOTATIONS
OCTOBER 11,. 1940. |
In London:-
Telegraphic Transfer. 1/9 7/8 Bank Bills, on demand 1/3 7/3 Credits 4 months' sight 1/31/%
In Shanghai:--
On demand
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
OCTOBER 11, 1940,
SATURDAY, OCTOBER 12, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA-
Authorised Capital. $50,000,000 Issued & Fully Paid Up. 890,000,000
corporated by Royal Charter, ide
Reserta Funda:
Sterling
Paid-Up Capital: $8,600,000 Reserve Fund
£3,000,000
£0,000,000
Last Sale*
STOCKS
Last Sale
Reserve Liability of
Oct. 10
Oct. 10
Proprietors
$20,000,000
pristors .....
£3,000,000
HEAD OFFICE: LONDON:
Loew's Inc.
254
Head Office-KONG KONG
21)*
Loft Incorperated
204
33
Mack Truck Lite.
248
82*
Martin, Glen L
311
Board of Directors: H. V. Wilkinson, Esq.
On Japan:-
Amer. Can
99
McKesson & Robbins, pid
275
NEW YORK October 10. 1940.
On demand
.105
American Cyanamid B.
354
Montkomery Ward
401
SINGAPORE RUBBER
Previous October 10
Close Opening Closing Buyers Buyers
On India:-
Amer. & Foreign Power
M'tain City Copper Co.
3+
Change
SPOT
JAN.-MAR.
APR.-JUNE
37-3/8 37-1/2 35-5/8 35-1/2 -35-5/8 35-5/8 33-3/4 33-7/8 34 cts.
up 1,4
up 1/8
up 1/4
The market was steady but quiet.
LONDON RUBBER
Previous close Today's close
S PO. T
NOVEMBER
DECEMBER
JAN.-MAR,
APRIL-JUNE
The market was idle.
buyers
buyers
11-7/8
11-13/16
11-7/8
11-7/8
Change of 1/16 unch.
11-13/16
11-13/16/
11-13/10
11-13/16
11-11/16
11-11/18
Telegraphic Transfer. (82 1/2
and demand -
On New York:-
Bank Bills, on demand 22 3/4 Credits, 60 days' sight.93 3/4 Jo Batavia:
On demand............ 42 1/2, On Parla:-
Bank Bills, on demand 1085 Credits 4 months' right 1160
In Saigon-m
On demand
Amer. Radiator
Amer & Foreign $7 pt.
14*
National Aviation
104
Amer, Locomotive
143
Kat. Dairy Products
13
J. K. Bousfold, Esq., A. H. Compton, Esq.,
Amer, Metals Co.
154*
National Distillers
211
Hon. Mr. à. H. Dodwell,
7.
National Lead
174
G. Miskin, Esq.,
Amer. Rolling Mil
111
| Nat, Power & Light
74
Amer, Sting' and R’ing Co.
401
National Supply Corp.
51.
Amer. Sugar Redning
131.
New York Central
144
Amer. Tel. & Tel.
1621
Niagara Hudson Power
4
"Amer. Tobacco "B"
76*
Amer, Waterworks
81
N. American Aviation North American Co.
161
184
Anaconda Copper
**
Northern Pacific
83
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
K. 8. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
C. C. Roberta, Esq.,
Hon. Mr. A. L. Shields, Sir Vancieleur M. Grayburn,
Chief Manager,
38, Bishopsgate E.C.R. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.E West End Branch:
14/18, Cookspur Street," "8. Wi Manchester Branch: 52, Mosley Street, Manchester, 2
ALOR STAH AMBITUAR
AGENCIES, AND BRANCHES:
HABBIS
PENANG HONG KONG KANGOON ILOILO IPOH
BANGKOK
| CALOFTT)
AGENCIES: KOER
OLIVE STAT KUALA FATALIS PLACE CANTON
SAIGON
BATAVIA
BOMBAY
STEEMBAN
KARACHI KLANG
SHANGHAI
SINGAPORÐ
SITTAWAN
SOURABATA
LUMPUR
TALFING
99
Atchison, T. & 8. Fe.
161
Owens-Killinois Glass Co.
561*
In Manila:
Aviation Corp.
Pacific Gas & Elec
28
Amog
On demand
45 1/2
Baldwin Lecometive
161
Packard Motors
31
Bangkok
NEW YORK COTTON: Limited buying by the Trade furnish de- mand which was offset by Southern selling, hedging and realiz- Ing.
CHICAGO WHEAT: The strength of cash wheat is responsible for the bullish factor today. The Government estimates the Spring crop at 236,000,000 bushels..
NEW YORK STOCKS: Previous close. 130.54: Today's close, 130.39;
Change, off 15
Shanghai Exchange
Official T.T. Rates Shanghai, Oct. 11 (Reuter).
On Bangkok:-
Baltimore & Ohio
$
Pan-American Airways
151
Batavia
Branches: Johore" Rangoon Kobe
Baigos SEA Kowloon
CAWNPORE. CEGU COLOMBO DELHI
KUCHING
TIENTSIN
MADRAS
TONG KAR
MANILA
"MIDAN
On demand............ 7.
Barber Asphalt" Co.
101
Paramount Pictures
71
Bombay
Kuala
Francisco
Calcutta
On Sterling Notes:-
Barnsdall O1
8..
Pennsylvania R.R.
221
-Lumpur Shanghai
Canton
London
14
Bank Buying Rate
Now.
Bendix, Aviation ..................
31
Philadelphia Read, Coal
**
Singapore
Chefoo
Lyons
Bourabaya
Bar Silver per oz.
33 3/8
Bethlehem Steel
791
Phillips Petroleum
35+
Colombo Malacca
Bungei
Elisa & Co.
141
Public Service of NJ
331
Dairen
Manila
Boeing Airplane Co.
15)
Pullman Inè....
241
Foochów
Muar
Patani Swatow
Borg-Warner
18
Pure Of .....
7
Haiphong
Briggs. Mig.
204
Radio Corpm, of Am.
41
Baokow
Makder Tokyo
"
Budd M'facturing Corp.
Reading Company,
Com
14
Harbin
New York
Canadian Pacific R’way ·
31
Remington Arms Co., Inc.
51.
Iloilo
Opening
Case, J.I.
534*
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.
London
0/3-9/16
Republic Aviation Corp.
5+
Ipoh
Penang
Celanese
281+
Republic Steel
174
New York
5-1/2
Chesapeake & Ohio
104.
Revere Corp.
104
Japan
23-3/8
Chrysler Corpn.
771
Reynold Tobac. "B"
35
Prev. Today's
9.54
9.49
9.55 ⚫ 9.49
.06 off
Indla Hongkong
18-3/4
Columbia Cas & Elec.......
51
Safeway. Stores
42)
23-5/8
Commercial Credit Co.,
301
Schenley Distillers
10
20.00 19,40
·20.00 - 20.00
unch.
Sterling
Com, & Southern (@rd.)
1}
Sears Roebuck
781
83%
821
821
821
up
Rellers
Consolidated Edison......
251
Shell Union Oil
81
i 59
581
581
582
up
Opening
Closing.
Consolidated Of
57
10.70 10.60
10.60
10.70
קש 10,
Spot
Oct.
NEW YORK COTTON
Close
Open Ina
Closing
0/3-51/840/3-51/84..
Oct. (New contract).
9.60/60
9.53/58
9.50/52
December (
9.55/58
9.54/54
January
+
}
9.51 N
9.47b/49a
March
9.52/52
-9.50 150
May
{
}
9.43/43
9.40/40
9.49/49 9.43m 9.44/44 9.31/32
.10 oft 06 of .08 off 08 off
Curtiss Wright, "A"
Deere & Co..
Distillers Corpn. Seagrams. 18-
5-27/32
.12 off
Douglas Aircraft.
July
(
9.23/23
9.19/18
Spot
א 9,87
9.11/11 9.59
.12 off
Du Pont de Nemours
103 off
Eagle Picher Lead
Total sales Wednesday: 59,400 bales
Eaton Mfg. Co.
Elec: Autolite
W
NEW YORK RUBBER
Elec Bond & Share
December
20.00/00 19.97b
January
19.90b
20.00/00 unquoted 19.90b
unch.
March
19.75b
May
19,636
· 19.67/66
19.70b/85a 19.72b 19.59b
Elec. Bond & Share $5 pt. Elec, Bond & Share $6 pf. Elec. Power & Light 37 pr. Tintkote
Total sales:-450 tons.
.................................... 821/821
Wednesday's sales:-6,536,000 bushels.
Gen, American Trans.'.....
Gen. Electric
81/81
CHICAGO WHEAT
December
May
CHICAGO, CORN
December
581/581
May
591/594
581/581 581/581 591/591. 591/591
1 up
i up
WINNIPEG WHEAT
October
701b
701/701 70b
off
NEW YORK HIDES
December
March
1화
10.60/60 10.60/70a 10.70/70 .10 up 10.52b/55a 10.65/55 10.82/82 .10
Gen. Motors
821/821
812/817
824/821 811812
Goodrich $5 pt."
Goodyear Tire & Co...
Great Northern Iron Ore
Great Northern Rly, pfd.
קט
NY-Official Silver
Total sales for the day:-44 contracts.
NY London Cross Rate 403-1/2′′
34-3/4
34-3/4 4.03-1/2
Homestake Mining Int Nickel Inter. Paper & Power Int. Tel & Tel
Kennecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford Glass · 424 Lockheed Aircraft ........................
LONDON STOCK EXCHANGE
(HEUTER'S SERVICE)
Change Nov.
.03 off :.04 off
+ up up
LONDON GOLD
London, Oct. 10 (Reuter), Bar Gold, Fine per oz., 165/- '·
Tientsin-Pukow Rły. $%
(Brit. Stpd. Supl, Loan) 8 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan) Jap. 6% Ster, Loan, 1924 19
London, Oct. 10. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confrmation and no responsibility is asumed for errors Ger, 1% Intl. Loan, 1924 5}
In transmission.
War Loan, 34% (Red.).
after 1952) *** Janton-Kloon Aly. · 5% Chinese 41% Gold Loan
1898 (Brit. Issue) Chinese 5% Gold Bonds.
1925-47
Chin 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan.
1012
Chinese 5% Reorg, Loan,
1913 (Län. I)
8
E
1012
8"
Chartered Bank HK. & S'hal Bank (Lan
Reg.). HK. & 8hal Bank (Col.
Reg) Chinese, Eng. de Mining
・
571
70
14.
呀
Chinese 8% Ster. Noten
1925 (Vickers) Chin. Imperial Rly. 5%
Loan....... 41
Honan Rly. 3%
Hukuang Rly 5%, 1911...
(LP. N/Y Lsue)
Bukuang Rly 5%, 1911.
(German Issue). Lung Teing Hat
Rly. 6% 1913... S'hal-NKing Rly, 6% Tientsin-Pakow Rly. 5%
(Brit. Stpd.). Tientain-Pukow Aly. 5%
(German Stpd.)
(bearer)
Chosen Corporation
Pekin Syndicate...
Dunlop Rubber
Spot Oct. Nov.
0/3-13/18 0/3-13/16 0/3-13/18 0/3-13/16
U.S. Dollars
$5-29/32 $5-7/8
5-29/32 5-7/8 5-7/8
Market-Quiet.
LONDON METALS
EXCHANGE
London, Oct. 10′ (Reuter) Tin Standard, Cash, Middle Price, £280-3/8.
Tin, Standard, 3 months. Middle Price. £262-1/4
Eastern sellers were reluctant owing to uncertainties of future freight rates. There was some covering against fair overnight business to the United States, with dealers absorbing near dates in of export permits anticipation next month.
LONDON STOCK EXCHANGE
LONDON, Oct. 11 (Reuter) Occasional features relieved the arabness of the London Stock Ex- change yesterday, Breweries made headway but on the whole indus- trials tended to sag for want Gr fresh buying. Interest. "Kafirs end xilt-edged closed steady. Wall Street was irregular
SILVER MARKET
LONDON SILVER London, Oct. 10 (Reuter). Silver-Little. trade selling with poor.support. Market quietly steady,
Spot, 23-3/8d.
Forward, 23-5/164.
Continental Can
Continental Oil
Copperweld Steel
Curtiss Wright (C.)
Gen. Railway Signal Gen. Tire & Rubber Gudden Co.
Goodrich (B..
Great Western Sugar Greyhound Corpn. Hercules Powder Co.
DOW JONES AVERAGE
1940
High Low Dow Jones Averages
Industrials 189.89 111.84, 20
22.67 22.10 20 Rails .98.45 1803 20 Utilities
Bonds 90.61 83.08 40 84.0% 48 47 11 Commodity Index
Oct. 9,
130.54
24.06
21 40
Oct. 11, 1940. High Low Close 137,82 130.09. 130.39 28.54 28.56 29.60 21.87 21,33 21.45
Change
.15 of
.04 up
Subscribed Capital. Pald-up Capital -
.05 up
Extra Fuad and fast.
89,97.: 63,90
.: 69.92
.01 off 5303 .03 up Business Done:-350,000 shares
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
· KOUE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Boosevelt Terminal in
Shanghai, whore passenger and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE CONIDIGENERAL MANAGERS
BANKERS:
The Bank of England and Midland
Bank, Ltd, BRANCELES;
Kunis Trenggaon
Shanghai
HONG KONG BRANCH: Biwy dsmoription of Banking and Exchange busicom transacted.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS AN SSA
* INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches TRUSTEE AND EXECUTORSHIP in China and connections in the
COMANMUNDERTAKEN
|_ | principal Commercial Centres of CDRREST LOCOUKTB sed la Lol Our the World, we are able to extend rency and FIIND 'DEPOSIES Tsosired in Loca)
Currency EXERLINI Chat may be 30 our Clienta special facilities for Domestic and Foreign Banking and D. BENSON
| ascertaiřadi on apa iloation.
What do
you
Maa
want?
If there is anything you want to buy or
try sell,
small Classified advertise- ment in the Hong- kong Dally Presa
25 words $1,50 prepaid
for 3 insertions.
Exchange.
Head Office:SHANGHAI
Hong Kong Branch:
4. QUEEN'S ROAD, C. South Olika Oficei:
KONGMOON TOISHAN
CANTON SWATOW
SHLUCHOWKINGCHOW
We also handle the issus of Bonds and other Publio Funds of the Chinese Government hath at Home and Abroad,"
SHOU J, CHEN,
Manager.
.
B-A, Tob, (bearer)
Mercantile Bank
'bal Mec. Constr. Co. B'bal Waterworks "A" ... 13 Union Insurance .....
20 Gula Kalumpong Rubber 13/8 #81/3 104. 30
15
TO
***
Bristol Aeroplane
9/7
Imperial Chemical Ind. 27
United Steel
18/7
10
Woolworths.
50/9
the French Concession at
Maramat Investments
7/6
12
Western Holdings
8/8
157/8
38/104 1014
121
314
Nat Bank of India. 3%
25
=
Sub-Nigel...
Shell Trans đi Tran
bearer Nat Defence Bonds, 3% Londen-Midlands-Scot
tish, Great Western Rall
Socony-Vacunum Ol
388
Southern Pacific
174"
Bouthern" Rly $5 pfd.
21
193
spiçer Manufacturing Co.
324
健
Standard Brands
61
27
Stand Gas & Elec.
198
Standard Off of California
163
Standard Oil of N.J.
31
771
Stone & Webster
8
170
Studebaker Com,
71.
$7
Swift International ... 174
**32
Technicolor
35
Texas Corpn...
33+
5
Texes Gulf Sulphur
33
641.
Timken-Axla
71
Trans-America Co.
361
20th Cent, Fox
54
152*
Union Bar & Paper Corp.
114
491
Union Carbide & Carbon
727
334
Union Pacifc
82
48*
United Aircraft
384
14+*
United Airlines Trans
177"
United Corpa
14
141
United Corpn... $3 'cum pf.
334
United Gas Corpn.
11
561*
United Gas Improvement
111
15"
US.. Industrual Alcohol.
147
U.S. Rubber
201
27
US. Rubber $8 pfd,
74
191
US. Smelting
614
Interest Rates on Application..
101
US. Steel
584
SAFE DEPOSIT BOXES
771
Vanadium
46
Valtee Aircraft
9.
261
Walworth Co.
41
137
Warner Bros Fict.
21
- 23*
Westinghouse Elec.
104
This Bank is entirely owned by THI CHASE NATIONAL BANY New York, with Besonross of ared 1.8.$2,900,000,000. i
29+
34°.
Woodward Iron Cor. Chase National Bank National City, Hank
201
291* 244*
272
(Johore) Tientsin
Tsingtao
Peiping Yokohama
HAIPHONG HAMBURG HANKUW
PRIPING
(Peking)
FOREIGN EXCHAxon and General Banking Business transacted.
CURRENT ACours opened and FIXED DEPOSITS · received: för Ona Year or shorter periods in Local or Other Currencies at rätes" which will be quoted on application. “
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with ›
CURRENT ACCOUNT opened in interest allowed at rates obtainabla LOCAL CURRENCY and FIXED DEPOSITE OR application. received for one year or shorter The Bank's Head Office in Londos periods in Local and other Our-undertakes Executor ånd Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
ALBO up to date Sir DEPOSIT terms which may be ascertained as Boxsa in varioua sizes To Las. any of the Agencies and Branches. Hong Kook 28th February, 1940.
B. A. CAMIDGE,
HONGKONG SAVINGS
BANK
The Business of the above- Bank is conducted by the HONGKONG & SHANGHAI BANKING COB-15 PORATION. "Bules 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
16, QUEEN'S ROAD, CENTRAI
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world.
D. M. BIGGAB,
Second Vige Preis
THE MERCANTILE BANK OF INDIA, LÍMITED
Head Officer-15, Gracechurch Streat.
London: EC
Authorised Capital
£2,000,000
€1,800,000
21,050,000
£1,254,839
Manager.
BANK OF EAST ASIA; LIMITED
Authorised Capital $10,000,000.00 Paid-Up Capital... 5,598,600.00 Reserve and Undivided
Profits... 2, 193, 201.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors: SIA.SHOPSON CROW, Chairman Li Koon Chan," Eaq,
Li Liz Sang, E
P. K. Kwok, Esq. Wong Chu Son Wong Yun Tang, Esq. Kan Ting Po, Bag, Chan Ching Shox, Es, Fung Ping Wish Hag KAN TONG PO, Esq., Chief Manager LI TA Foro, Esq., Manager
· Amay
"Branches and Agencies: ~
Kurioos Franz
LOLICON
Batavia
Bombay ... "Magila...
Bangoon
Balgon
Bingapora
Kelbome Ban Fran- Sydney Xagnaska
placo Tentiền
CORTEZ. Bemmante
Shantial
Every description of Banking and Exchange business transacted, Loans granted ba approved securities.
Current Accounts opened in Local Currency and Fixed Deposite ro ceived for one year of shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
BATE LEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager,
.
NEW YORK
(Bhuket) TRINGTAO TOKOHAMA
Boutstays
Bwatow
Conta
Haiphong
Hankow
Monolela
New York. Beattie Parts
Petpinst
M