Alleghany Steel Co.
.....380
Allis Chalmers *****, *****
Aluminium Ltd.
NEW YORK, October 14, 1940.
09-3/4
Amer. Can
American Cyanamid B.-
105
Amer. & Foreign Power...
SINGAPORE RUBBER
Close Opening Closing. Change Buyers Buyers
20 India:
Amer Foreign $i pf.
Telegraphic Transfer.
SPOT
37-7/8
JAN. -MAR.
36 cts.'
APR-JUNE
37-7/8 38-1/8 36 cts. ·36-1/8 34-3/8 34-3/8 34-1/2
up 1/4 up 1/8
and demand
**182 1/2
Amer. Locomotive
Amer. Metals Co.
Jo New York-
Amer. Radiator
up 1/8
The market was very steady.
Bank Bills, on demand 23 5/8 Credits, 60 days' sight 23 1/2
Amer. Rolling - Mili
Anier, Sting and R'ing Co. 41
Previous close Today's close
an Batavis D
buyers
buyers
Change
******** 42 1/4
11-13/18 -
11-13/16
unch.
On Paris:
11-13/18
11-7/8
up 1/10
11-13/18
11-7/8..
up 1/16
11-13/18
11-11/16
11-7/8* 11-3/4
up 1/16
On Saigon:-
up 1/16
On demand
On Manila:
On demand
45-1/4
Amer, Sugar Refining Amer, Tel, & Tel. Amer. Tobacco “B” Amer, Waterworks Anaconda Copper.... Atchison, T. &B, Fc. Aviation Corp. .... Baldwin Lecometive Baltimore & Ohio
Barber Asphalt Co.
On demand
· 1/91/2
Barnsdall Of
Ja Sterling Notes:--
Bendix. Aviation
Bank Buying Rate Bar Silver per os
Now...
Bethlehem Steel
23 7/16
& Co....
Boeing Airplane Co.
Borg-Warner-
Briggs Mfg.
Budd M'facturing Corp.
Canadian Pacifle. R'way
Case, JI.
Opening
Celanese
London.
New York
0/3-11/16 5-5/8
Chesapeake & Ohio
Chrysler Corpn.
(REUTER'S „SERVICE)
Prev. Today's
Japan India Hongkong
23-7/8
Columbia, Gas & Elec.......
20-3/8 N
Commercial Credit Go! ...
24-1/2
Com, & Southern (Ord.)
New York Cottori, Dec.
New York Rubber, Dec.
20.56
20.50 20.32 20.50b 18 up
Sterling
Consolidated Edison
Consolidated Oil
Chicago Wheat, Dec.
847.
'Chicago Com, Dec.
841 60 592 591
New York Hides, Dec.
837" 841 1 up
591 11.56 11.30 11.15 11.55b 04 up
Sellera
קט 4.
Opening Closing
Continental Oil
©PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
LONDON RUBBER
S P O T
NOVEMBER
DECEMBER
JAN.-MAR.
APRIL-JUNE
(FROM PAYNE & CO.)
Previous October 14,
MONEY AND EXCHANGE
"CLOSING QUOTATIONS
OCTOBER 15, 1940.
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/3 Credits 4 monthầ" sight 1/3 1/2
On Shanghai...
On demand
On Singapore:-
On demand
On-Japan-
On demand ...
On demand
Bank Bills, on demand Nomt. Credits 4 months' sight Nom.
The market was steady. NEW YORK COTTON: There was some Continental and Southern selling, which the domestic Trade bought on the scale down. Favourable weather conditions in the South have induced hedg- ing. Prices are now approximately at the Loan figure and we expect pressure of hedging to gradually diminish, should" values
ease.
:
NEW YORK RUBBER: Prices were firm on scarcity of offerings,
Js Bangkok:
CHICAGO WHEAT: Prices firmed on mill buying and the market Shanghai Exchange
points higher.
NEW YORK STOCKS: Previous close, 131.04: Today's close. 130.73:
Change, off 31.
NEW YORK COMMODITY MARKET
Official TT, Rates"
Shanghal, Oct. 15 (Reuter}"
9.44 9.38 9.45 9.38 07 oft
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Continental Can
QUOTATION
(REUTER'S SERVICE)
OCTOBER 15, 1940:
44
£9
H
WEDNESDAY, OCTOBER 16, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION"
INDIA, AUSTRALIA AND CHINA
Authorised Capital. 880,000,000
Issued & Fully Paid-Up: $90,000,000 Incorporated by Royal Charter, 1888
Reserve Fundaz
Paid-Up Capital
£3,000,000 Sterling
$6,500,000 Reserve Fund..
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Proprietors
$20,000,000
Head Office:-HONG KONG.
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields, Str Vandeleur M. Graybarn,'
Chief Manager.
Branches:
Johore." Rangoon Kobe Saigon
San
prietors
€ £9,000,000
£3,000,000 HEAD OFFICE: LONDON:
38, Bishopsgate E.C, Sub-Agonoles In London: 117/199, Leadenhall Street, E.C
West End Branch: 14/16, Cockspur. Street, S.W 1 Manchester Branch:" 52, Moiler Street, Manchester, 2.
AGENCIES AND BRANCHES
ALOR STAR AMBITBAR BANGKOK
BATAVIA
BOMBAY
DALOUTTA
AGENCIES:- KOMB
CLATE SE
FAS FLACK
CANTON
CAWNPORN CEBU COLOMBO DELHI HAIPHONG
Francisco HAMBURG
Singapore
Sourabaya
Haiphong (Johore) Tientsin
Peiping Yokohama
Penang.
HANKOW
"HARBIN
PAHANG
HONG KONG
MANGOON
(2011
BAIGON
IPOR
TABACE? KLANO
SHANGHAI
SINGAPORI
SITIAWAN
SOURABAYA
TAIPING
TIENTAIN
TÖNGEAN
(Bhuket)
TSINGTAO
KUALA
LUMPUR
KUCHING
MADBAS
MANILA
MEDAN
NEW YORK PRIPING
(Peking)
YOKOHAMA
FOREIGN EXCHANGE and General Banking Businen transacted,
CURRENT ACCOUNTS epened and FIXED DEPOSITs 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 obtainable LOCAL CURRENCY and Fixed Druarta on application. received for one year or shorter The Bank's Head Ofoe in London periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application,
British Income Tax overpaid, on
Atso up to date SA DEPOSIT terms which may be ascertained at Bosta in various sizes To Lar any of the Agencies and Branches
R. A. CAMIDGE,
Manager.
Last Saleį
Lest Sale
Oct 14
Oct 14
5
Loew's Inc.
25+
221
Loft Incorperated
201
4
346
Mack Truck. Inc.
241
781
Martin, Glen I.
311
96.
McKesson & Robbins, pfd. 27
36
Montgomery Ward-
-404
M'tain City Copper Co.
3
Board of Directors: H. Y. Wilkinson, Esq.,
Chairman, Hon. Mr JJ Paterson,
·Deputy Chairman,
144*
National Aviation
10*
151
Nat, Dairy Products
131
J. K. Bousfield, Esq., A. H. Compton, Esq.,
161
National Distillers
201
Hön. Mr. S. H. Dodwell,
National Lead ......
171
G. Miskin, Esq.,
112
Nat, "Power & Light
K: S. Morrison, Esq.,
National Supply Corp.......
52
14
New York Cential
14)
C. C. Roberts, Esq.
1801
Niagara Hudson Power
751
N. American Aviation
164
Bi
North American Co.
19
Northern Pacine
161
Owens-Illinois Glass Co.
56)
Pacific Gas & Elec
281
Amoy
Packard Motors
31
Bangkok
44
| Pan-American Airways
150
Batavia
Kowlong
104*
Paramount Pictures
7+
Bombay
Kuala
Calcutta
B
Pennsylvania R.R.
221
Lumpur Shanghai
Canton
London
31.
Philadelphia Read,” Coal
Chefoo
Lyons
B01
Phillips Petroleum
354
Colombo,
Malacca
Sangel
141
|Public Service of NJ.
327
Dairen
Manila
Patani
15+
Pullman Inc...............................
241
Foochow
Muar
Swatow
18
Pure Oll................
7
211
Radio Corpn. of Am.
42
Hankow
Mukden
Tokyo
41
Reading Company,
Com
147
Harbin
New York Tsingtao
Iloilo
31
Remington Arma Co., Inc.
53*
得
55
Republic Aviation Corp.
Ipoh
54
281
Republic Steel
173
40..
Revere Corp.
114
78
Reynold Tobac. “B”
341
51
Safeway Stores
423
304
Schenley Distillers
11
Bears Roebuck
781
25
Shell Union. Ol
.81
57
Boceny-Vacunum Oil
71
Hong Kong. 28th February, 1940.
381
Southern Pacine
82
171
Southern Rly $5 pfd. ......
21
NEW YORK COTTON Close Oct. (New contract). 9.47/47
Openinz
Closing
Change
Spot Oct. Nov.
0/3-48/84: 0/3-25/32 6/3-49/64 0/3-49/64 0/3-3/4 0/3-49/64
Copperweld Steel
194
Spicer Manufacturing Co. 311*
Curtiss Wright (C.)
72
Standard Branda ........
61
HONGKONG SAVINGS
BANK
9.42/41
9.42/42
.05 off
December (
9.45/46
9:43/44
9.38/39
07 of
· Gurtisa. Wright “A” Deere & Co.
27
Stand Gas & Elec.
13
January
Q
9.40/40
9.35b
9.371
March
9.39/40
9.38/38
9.37/38
May
9.28/29
9.27/26
9.2811
July
... 9.08 N...
9.05/60
Spot
9.55 IN
9.061 9.48n
.03. off .02 of .02 off 02 of 07 off
Spot Oct. Nov.
$5-3/4
Distillers Corpn. Beagrams
Douglas Aircraft
Eagle Picher Lead
Total sales Friday:91,300 bales.
NEW
YORK RUBBER
December
20.32/32
January
20.17 N
March
19:85/85
May
.19.67 B
20.56/56 20.50b 20.48/48 20.33b 20.16/07 20.04b 19.750
19.91b
Elec. Bond & Share $8 pt. 1714
.16. up .10 up 24 up
Totals, sales:-680 tons. :
Gen. Electric
CHICAGO WHEAT
Gen. Motors
December
831/84
841/841
May
821/821
831/831
841/841 834/831
up
Gen. Railway Signal
up
Gen.-Tire & Rubber.
Friday's sales:-13,526,000 bushels.
Glidden Co.
Gandrich (BF)
CHICAGO CORN
Goodrich $5 pf......
December
591/591
May
594/591 601/001 601/601
598/592 602/507
.up
Goodyear Tire & Co.
Great Northern Iron Ore
WINNIPEG WHEAT
Great Northern Aly, pfd.
October ...
706
Closed
December
March
11.15/16 11,34/40 11.02b/05a 11.20/22
11.55b/56a 11.34b/38a
Great Western Sugar Greyhound Corpn. Hercules Powder "Co.
Homestake. Mining Int Nickel
NY-Omcial Suver 34-3/4
Inter. Paper & Power. Int. Tel. & TEL
Kenmecott Copper
Lakey Foundry & Mac,
Libbey-Owena-Ford Glass Lockheed Aircraft
EPHONE
NEW YORK HIDES
Total sales for the day:-228 contracts.
NY-London Cross Rate 4.03-1/2
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Oct. 14, 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: in transmission.
34-3/4 4.03~1/2
U.S. Dollars
$5-25/32 5-3/4
5-3/4 5-23/32 5-3/4 Calcutta Exchange
Calcutta, Oct. 14 (Reuter). T.T. on Japan." 81-1/4.
18 up India Rupee Paper
Bombay, Oct. 14 (Reuter); Govt. 31% Rúpes, 91-92-0.
LONDON STOCK · EXCHANGE :
LONDON, Oct. 15 (Reuter)- On the Stock Exchange yesterday, Far Eastern bonds werę stronger on UP hopes of Improvement of the in-
ternational situation.
.04 up 32 up
LONDON METALS
EXCHANGE
London, Oct. 14 (Reuter). TIA. Standard, Cash, Middle Price, 2259.
Tin, Standard, 3 months, Middle Price, £260-5/8
Market quiet.
Ger. Stpd. Bupi, Lost) 8 Jap. 6% Stez, Loan, 1924 18 Ger, 7% Intl. Loari, 1924–554 101-1/16 Chartered Bank B
Gil-edged securities were mainly higher while home industrials were narrowly irregular. Gold minings were quietly steady and elsewhere changes were few. Wall Street was arm.
SILVER MARKET
BOMBAY SILVER
Bombay, Oct. 14 (Reuter). Market-Quiet. Oftake 30 bars,
Ready
Indian Mint. Silver
Oct. 23 Settlement Nov, 28 Bettlement
62-10
62-11
62-12
LONDON GOLD
London, Oct. 14 (Reuter).
Bar Gold. Fine per oz., 168/-.
Du Pont de Nemours
Eaton Mig Co
Elec, Autolite
Elec Bond & Share
Elec. Bond & Share $5 pf. 64)
Elec. Power & Light $7 pf. ·-381 Flintkote
Gen. American Tranı.
1940
DOW JONES AVERAGE
High Low Dow Jones Averages Oct. 11, 15280-111.84-304 Industrials
39.67 22.15 20
131.04 .89.74
Oct. 16, 1940,
High Low Close 137.49/130:32:130,73
Change
3' off
28.07 28.5228,57 - .17 off
MELU
26.40 18.03 ·20
90.61
Rsila Utilities
83.08 40 Bands
84.07 48 47 11-Commodity Index
21:56 21.8 21.44 21.52- ,04 off
89.98
5143
69,05 .09 up 54.81
41 up
Business Done: 400,000 shares
INDO-CHINA
d on application.
For the HosuRONG. & BBANGHAY BANKING CORPORATION="
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAI
HEAD OFFICE:
16, PINE STEKET,
NEW YORK An American Bank offering cato plete Foreign Banking Servic in the principal Markets of the world.
This Bank is entirely owned by
THE CRASS NATIONAL BANK New "Youx,, with Essenroms" oƐ, oveĚ U:8.$2,000,000,000,
D. M. BIGGAR,
Second Fion Pr
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offco-15, Gracechurch Straat,
London, EC3
Authorised Capital Subeortbed Capital Paid-up CapitalCyg Boore Fund Rest
BANKERS:
£3,000,00 21,800,000 21,050 21,206,658
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Kuantan
Bangkok
Ipoh.
Bombay
FARDA
Olcutta
Colombo
Kandy
· Datbl
Karachi
Galle Hongkong
Kota Bharu
Keals Lápis
Kuals Tanggann Hadess
New York
Peug
Bangoo
Shangha
Himl
Howrah Kuala Lumpur Airpor
HONG KONG BRANGH:
BANK OF EAST ASIA, LIMITED
Authorized Capital.. Paid-Up Ospital Beserve and Undivided
Profits
$10,000,000.00 5,588,600.00
„2,103,281.88
Head. Office-HONG KONG :- No. 10 Des Voeux Road, Central,
Board of Directors:
818 SHOP ON CHOW," Chairman Li Koon Chan, Esq. Ll Lan Sang, Eng. P. K. Kwok. Eaq, Wong Cha Son, Beq. Wong Fun Tong, Esq. Kan Ting Po, Lag. Chan Ching Shuk, Esq. Tang Pine Wah Bag KAN TONG Po, Esq., Chief Manager L1 T Fosa, Esq., Manager
Amoy
Batavia
Branches and Agencies:-
Barrio
·Pronar・・ Singapore Bangoon Bourabaya Betron Swatow
london
Bombay
Manila
Oklentia
Haiphong
Hakow
New York Soziale
Honnin
Robert
Melbourne... San Fran. Sydney. Hugues
Parly Palping
Semarang Shangha
couver
Every description of Banking and Exchange business transacted. Losar granted on approved securities.
Current Accounts opened in Local. Currency and Fixed Deposita ro- ceived for one year or shorter. periods in Local and Foreign Our rencies on terms which will be
noted on application
SATE EPOSIT BOXES TO LET.
KANTONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
PAID UP CAPITAL $40,000,000.00
BANK'S
STEAM NAVIGATION COMPANY Brock description of Banking Add Sacharge (BRANCHES ALL OVER CHINA)
£
War Loan, 31% (Red,
after 1952) Janton-Kloon Rly. 5% Chinese 41% "Gold" Loan
HK & Shal Bank (Ldn.
Reg.)........
1898 (Brit, Issue)....... Chinese 5% Gold Bonds.
30
LK Bhai Bank (Col.
1925-47...
Chin, 41% Anglo-French
Beg) Chinese Eng, & Mining
"(bearer,
70
14/-
Loan, 1908
44
Chosen Corporation
Chinese 5% Crisp Loan.
Pekin Syndicate...
1912
12
Chinese 5% Reorg Loan,
1913 (Ian. 18.)
B.-A, Tob, (bearer)
·4/- 2/ B'hal Elec. Constr. Co... 15/- Bhal Waterworks "A" .. 131. Union Insurance: 20 Gula Kalumpong Rubber 13/9
81/101
Operating Services for Cargo and Passengers-
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOë.
and TIENTSIN
KOBE and OSAKA
Mercantile Bank
10
Dunlop Rubber
30/-
9/8
Imperial Chemical Ind. 27/6
United Steel
18/9
Woolworths
57/11
Marsmai. Investments....
7/8
Western Holdings
8/9
Sub-Nigel
157/6
Shell - Trans, &Trad.
beare
38/3
Nat Defe
3% 101-3/18
London
127
rent
Chinese 8% Ster. Notes,
1925 (Vickers)
Chin. Imperial Rly 5%
Honan Rly, 596:
Bukuang Rly 5%, 1911....
LPN/Y Issue)" Hukuang Rly. 5%, 1911
(German Issue) Lung Tsing & D. Hat
Rly 5% 1918.
#Shal N'King Rly 6% 12
Tientsin-Pakow. Rit
Brit. Stod Tientsin-Pakow Ry. 5%
German pdyman & Tentsin-Pakow Bly 5% Brit Blod, Bunt Loan) Hentain-Pukow Bly. 5%
Bristol Aeroplane
SINGAPORE -PENANG and CALCUTTA
BANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where passengers, and cargo are landed.
For further particulars
please apply to
Enakosen kenpootedanje gdje Ko
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN HOURRENT AUCOUNTS opinad in Losal Car.
retory an FIXED DEPOSITS repaired in Loes Queeney & BAKBLING on teeme that may be ascortalivid on spy liesticu
D. BENSON,"
What do
you
want ?
there Fanything
to buy or Bell try a small Classified
ment in the
kong Daily Press.
Hong
in Chins and connections in the Owing to our numerous Branches 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'8" ROAD, C, The South China Offers: CANTON S
SWATOWAR SHIUCHOW
KONGMOON TOISHAN "KINGCHOW
We also handle the issu
and other Publie
Chinese Government both and Abroad
Bonda
"192
Standard Oll of California
167:
The Business of the above Bank,
16
Standard On of 'N.J.
"31"
771
Stone & Webster
8
1701
Studebaker Comp
72
is conducted by the HONGKONG ↑ SHANGHAI BANKING COR- FORATION. Bules may be obtain-
Swift International
173.
331
Technicolor
91
351 5
Texas Corpn.
334
Texes Gulf Sulphur
*33
*Timken-Axle
201
Trans-America · Co.
41
20th Cent. FOR:
51
174
Union Bag & Paper Corp.
11
49
Union Carbide & Carbon
74
33
Union Pacifie
81.
49+
United Aircraft
381
147
United Airlines Trans
181
114.
United Corpn
14.
United Corpn. $3 cum.pf. 321
11#*
United Gas Corpn.
"11
57
United Gas Improvement
114
151"
U.S., Industrual Alcohol,
23*
143
U.8. Rubber
201
271
US. Rubber $8 pfd.
77
Interest Rates. on" Application.
191
US. Smelting
60*
101
US Steel
594
SAFE DEPOSIT BOXES
785.
Vanadium
312
47
Vultee Aircraft
81
231
Walworth Co.
41
14
Warner Bros. Pict...
21
21
Westinghouse Elec.
106
30
Woodward Iron Cor.
301
4*
Chase National Bank
30*
427
National City Bank
254*
271
11650
ZER