On demand ...
JNO
Alleghiang Steel Co.
On Singapore
Allis Chalmers
On demand
12 3/4
Aluminium, Ltd. ...........
On Japan:-
I
Amer. Can......
NEW YORK. Oct. 15, 1940.
On demand-
105
On India:-
Telegraphic Transfer.
·SINGAPORE : RUBBER
and demand "
2 1/2
8.8 8
On New York:---
SPOT
Bank Bills, on demand 21 5/8 Credits, 10 days' sight 23 1/"
JAN.-MAR.
APR.-JUNE
Close Opening Closing Change, Buyers Buyers 38-1/8 38-1/4 38-3/8 36-1/8 36-1/4 36-1/4 34-1/2 34-5/8 34-3/8
American Cyanamld B. Amer. & Foreign Power"... Amer & Foreign 37 pt.
Ainer. Locomotive .....
up 1/4 up 1/8 of 1/8
Amer. Metals Co. mga m
Amer. Radiator.....
"Amer, Rolling Muf
On Batavia:-...
On demand
42 1/4
The market was quiet. LONDON RUBBER
Amer. Sting and Ring Co.
Previous close Today's close
Amer, Sugar Refining
On Paris:-
buyers
buyers
Change
Amer. Tel, & Tel.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
OCTOBER 16, 1940.
On London:-
Telegraphic Transfer. 1/1 7/4 Bank Bilk, oh demand 1/2 7/ Credits 4 months' sight 1/3-1/2-
On Shanghai:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Previous Oct. 15
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICE)
OCTOBER 18, 1940.
THURSDAY, OCTOBER 17, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital 850,000,000.
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1800
Reserve Funds:
£6,500,000 Reserve Fund
Paid-Up Capital
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors........
39, Bishopsgate E.C.L Sub-Agencies In London: 117/129, Leadenhall Street, E.O
West End Branch: 14/16, Cookspur Street, S.W 1 Manchester Branch:
b2, Mosley Street, Manchester,
AGENCIES AND BRANCHES-
KARBIN HONG KONG ILOIL IPOH
KABACE: KLANG
PINANG BANGOOS SAIGON
Sterling
....23,000,000
....£3,000,008
Lust Sale
STOCKS
Last Sale
Reserve Liability of
....£3,000,000
Proprietors
$90,000,000
Oct. 15
Oct. 15
HEAD OFFICE: LONDON:
51
Loew's Inc.
.28
Head Office:-HONG KONG
11
221
Loft Incorperated
201
344
Mack Truck Inc.
243
Board of Directors:
78*
Martin, Gen L...
311
H. V. Wilkinson, Esq.,
95
McKesson & Robbins, pfd.
27
381
| Montgomery Ward
414
1*
M'tain City Copper Co.
3
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
141
National Aviation”
10
15
Nat, Dairy Products
13
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
16)
National Distillers
201
Hon. Mr. 8. H. Dodwell,
71
National Lead
172
G. Miskia, Esq.,
12
Nat, Power & Light
71.
E. S. Morrison, Esq.,
ALOE STAR AMRITSAR BANGKOK
42
National Supply Corp.
54
Hon. Mr. T. E. Pearce,.
BATAVIL
14
New York Central,
141
C. C. Roberta, Esq.,
BOMBAY
-1607
Niagara Hudson, Power
Bank Bills, on demand Nom. Credits 4 months' sight Nom."
SPOT
11-13/18
11-13/18
unch.
Amer. Tobacco "B"
....
742
N. American Aviation ......
164
NOVEMBER
11-7/8
11-7/8
Amer. Waterworks
9
-
North American Co.
197
Un Saigon:-
On demand
On Mania:-
DECEMBER
11-7/8
11-7/8
***Anaconda Copper
234
Northern Pacific
47
***** 98/2
JAN.-MAR.
11-7/8
11-7/8
Atchison, T. & 8 Ft.
16
Owens-Illinois Glass Co. ...
561
Branches:
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
"Chief Manager.
OLATE STES
FAIZTIA PLACK
CANTON
KUALA
LUOHING
CALCUTTA
AGENCIES: KORE
SEREMBAN
SHANGBAT
V
SINGAPOR
SITIAWAN
SOURABAYA
LUMPUR
TAIPING
APRIL-JUNE
11-3/4
11-3/4.
Aviation Corp:
41
Pacific Gas & Eles ......
281
Amoy
On demand
On Bangkok:¦----
On demand
45 1/4
149 1/2
On Sterling Notes:-
Bank Buying Rate
Now.
Bar Sliver per oz.
23 12
New 403.
Quiet
MARKET
STERLING
Chicago Wheat, Dec.
Market Report
FROM ROZA BROS.
Wednesday, Oct. 16.
The price for Ready Silver WAS 23.1/2 quoted this morning at and Forward at 233/8. Silver ad vices reported bears as having covered to a small extent, The American market was steady. giver was quoted at. 34.3/4 [ar Spot:
The London/New York cross- rate was quoted at 402.1/2, York/London was quoted at 1/2.
The market was steady but quiet.
NEW YORK COTTON: There was constant buying by the Trade and covering of nears on reports of large textile sales. Offer- ings of Spot cotton are limited as the movement to the Loan continues.
NEW YORK RUBBER: Consumption of Rubber in the United States in September totalled 50,206 tons, stocks 241,358 tons and supplies afoat 137,033 tons. Sizeable profit-taking was healthy
market for the market and we expect the
continues to be
steady. CHICAGO WHEAT: The early advance met with profit-taking and
hedging, but offerings of cash wheat was still limited.
NEW YORK STOCKS: Previous close. 130.73; Today's close; 131.48;
Change, up .75.
NEW YORK COMMODITY MARKET
Barber Asphalt Co. Barnsdall 00" Bendix Aviation Bethlehem Steel Bliss Co. ****
Case, JI
Celanese
Baldwin' Becometive
164
Packard Motors.
.37
Bangkok Kobe
Baltimore-&-Obio-
41
-Pan-American Airways"
-152
Batavia Kowloon-
Johore Rangoon
Saigon San
101*
Paramount Pictures
72
Bombay
Kuala
Calcutta
71
Pennsylvania RR
221
Lumpur Shanghai
Francisco HAMBURG
Canton
London
318
Philadelphia Read, Cos
Chefoo
Lyons
811
Phillips Petroleum
35.
Colombo Malacca
14
Public Service of NJ.
33+
Dairen Manila
Boeing Airplane Co.
15A
Pullmar Inc.............
241.
Foochow
Muar
Borg-Warner
18
Pure Oll ...
7
Briggs Mig.
217
Radio Corpn. of Am.
44
Budd M'facturing Corp.
41
Reading Company,
Com
142
Iloilo
Canadian Pacific R'way
34
Remington Arms Co., Inc.
5#*
Ipab
554
Republic. Aviation Corp.
51
281
Republic Steel
181
CURRENT
#Chesapeake & Ohio
401
Revere Corp.
12
Chrysler Corpn.
801
Reynold Tobac, "B"
.351
Columbia Gas & Elec.
54
Safeway Stores
43
Commercial Credit 00.
30+
Schenley Distillers
04
(REUTER'S SERVICE)
Com. & Bouthern (Ord.)
14
Sears Roebuck
78%
Consolidated Edison
258
Shell Union Oil
81
Chicago Corn, Dec. ... New York Hides, Dec.
New York Cotton, Dec... 9.46 9.40
20,60 New York Rubber, Dec.
20.40 85 831 501 501 11.95 11.48 11.55b 11.93b
Prev. Today's
9.38 9.43 06 up 20,50b-20.40 ..10. of
842 841 591 591
Consolidated O Continental Can Continental Oil
53
Socony-Vacunum Oll
77
Boxes in various sizes To Lat.' Hong Kong. 28th February, 1940.
38
Southern Pacific
87
17
Southern Rly $5 pfd.
211
Haiphong
Bankow Harbin
Singapore Sourabaya- Sungei
Patani Swatow
(Johore) Tientsin Mukden Tokyo New York Tsingtao Peiping Yokohama --- Penang
HAIPHONG
HANKOW
MANILA
MEDAR
TONGKAN
(Bhuket)
TALIGTAS
"NEW YORK~~~~YOKOHAMA
PRIPING
(Peking)
FOREIGN EXCHANGE andTM General Banking Business transacted.
CURRANT A000URTS opened and FIXED DEPOSITS received for One Year or shorter periods in Loent or Other Currencića at rates which will be quoted on application,
SAVINGS ACCOUNza also opened in Local Currency and Sterling with ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSIT on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
Also up to date SAE Derosir terms which may be ascertained a
any of the Agencies and Branchen.
E. A. CAMIDGE,
Manager.
CAWNPOKE CIBU COLOMBO DELHI
TIENTS1M
MADRAS
Of
Copperweld steel
10
Curtiss Wright (C.)
38 up
Curtiss Wright “A”
No business was reported.
market closed with sellers at 1/2. Oct. (New contract) 31/32 up to December, buyers at December () 1/3 for any delivery...
The
NEW YORK COTTON
Close 9.42/42
Opening
Closing
Change
Deere & Co.
9.44/43
9.45/45
.03 up
Distillers Corpn. Seagrams
9.38/39
9.40/40
9.43/44
.05 up
Douglas Aircraft“
January
f
J
9,37 N
9.402.
9.38n.
.01 up
Du Pont de Nemours
U. 8, DOLLARS
March
)
9.37/38
9.38/38
9.40/40
.03 up
Eagle Picher Lead:
"A small business was done, dur="| May ing the course of the morning at July
9.26 N
9.28/28
9.29/29
.03 up
Eaton Mfg. Co.
(
9,06 N
9.05/05
9.09/09
.03 up
Elec. Autolite
23 for November and also for Cash. Spot
9.48 N
0.52n
.04 up
Elec Bond & Share
sellers at 392.1/2.
4
Londo
- New York
Japan
India
The market closed with sellers Total sales Monday:-$5,500, bales.
at 22.15/16 for near, buyers at 23. NEW YORK RUBBER 1/16 for Cash,
SHANGHAI DOLLARS ·
Business was done during the January course of the morning at 392.1/2 March and 393. The market closed withi
SHANGHAI MARKET Sterling opened with sellers at 3:25/32 and the last rate received December... 841/843-
was 3.51/64 US. Dollars opened with sellers at 525/32 and the last rate received was 5.13/16.
Shanghai Exchange
Official T.T. Rates Shanghal, Oct, 18 (Reuter)."
+
Opening
0/3-11/16
5-5/8
Elec. Bond & Share $5*pf.
Elec. Bond & Share $8 pt.
Elec. Power & Light $7 pl.
December
20.50b
20.50/49
20,33b
20.04b
May
· 19,91b
unquoted 20.00/00 19.80b/90a 19.74b
20.40/40 10.20b 19.90/90
.10 of
Fiatkote
13. off
Gen. American Trans.
.14 off
Gen. Electric
.17 off
Gen. Motora
Gen Railway Signal
Total sales:-530 tons. „ CHICAGO WHEAT
Gen. Tire & Rubber
ק
Glidden Co,
..
May
8477847~ 83834 $31/831 Monday's sales:--11,712,000 bushels. CHICAGO CORN
Décember
-842/841 831/831
off unch.
Goodrich (BF)
Goodrich $5 pf.
Goodyear Tire & Co.
Great Northern Iron Ore ..
Great Northern Rly, pið.
May
501/592 #601/807
591/591 607/807
591/591
i off
Great Western Sugar ......
504/801
of
Greyhound Corp.
WINNIPEG WHEAT October
Hercules Powder Co
70b
701/701 701/701
קט
Homestake Mining
NEW YORK HIOPS December
Int Nickel
March
23-7/8.
Hongkong
Sterling
20-3/8 N 24-1/2
Reilers
Opening Closing
0/3-25/32 0/3-51/04 0/3-25/32 0/3-51/64
............................. 11.55b/56a 11.62/55.
11.34b/388 11.35b/40a Total sales for the day:-268 contracts. NY-Official Silver 34-3/4
11.93b 11.88b/708 34 up
.38 up
Inter. Paper & Power
Int, Tel, & Tel.
Kennecott Copper
4. Lakey Foundry & Mac. Libbey-Owens-Ford Glass 43
204 Lockheed Aircraft ...
Spot
Oct.
Nov.
0/3-49/64 0/3-25/32
U.S. Dollars
Spot
Oct.
Nov....... 5-3/4
Market: Quiet.
Silver Duty Rate
85-25/32- $5-13/16 5-25/32 5-13/16 5-25/32
NY-London Cross Rate 403-1/2
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, ct. 15.
34-3/4 4.03-1/2
LONDON GOLD
London, Oct 15 (Reuter).. Bar Gold, Fine per oz., 188/-
Tlentain-Pukow Rly. 5%
Tientsin-Fukow Rly. 5%
The following quotations are the (Brit. Stpd, Supl. Loan). 8 middle prices at the close of the
(Ger, Stpd. Supl Loan). 8 market. in London. All quotations; are subject to confirmation and no Jap. 6% Ster, Loan, 1924
The Central Bank of China'sponsibility is assumed for errors Ger. 7% Inti. Loan, 1924 51
rate on London at 10 a.m. today was 1/2-1/2d.
The Equalisation rate was 241 per cent.
Calcutta Exchange
"Calcutta, Oct. 15 (Reuter).. TT. on Japan, 81-1/4.
India Rupee Paper
Bombay, Oct. 15 (Reuter).. Govt. 81% Rupee, 91-02-0. SILVER MARKET LONDON SILVER
London, Oct. 16 (Reuter). Silver Little bear" covering. Market steady. 'Business small. In the afternoon, the market was steady,
Spot, 23-1/2d.j
Forward, 23-3/8d.
BOMBAY SILVER A
Bombay, Oct.15 (Reuter).
Market Quiet Offtake 25 bars.
Ready
Indian Mint Sliver
Oct. 23 Bettlement Nov. 26 Settlement'
62-07
62-07
42-09
after 1952)..... Santon-K'loon. Rly, 5% Chinese 41%--Gold Loan
1898 (Brit. Issue... 30 Chinese 5% Gold Bonds.
1925-47 Chin. 41% Anglo-French-
Loan, 1908 Chinese 5%, Crisp Loan"
ỡ
1940
DOW JONES AVERAGE
High Low Dow Jones Averages 158.80 111.84 30 Industriala
31.67. 22.16" 20 Ražia 20.45 18.03 20: Utilities.
Bonds 90.81 83.00 40
Oct. 14, 130.73
29.67
21.52 189.08 B4.84 Commodity Index
25)*
Oct. 16, 1940. High Low Close Change 131.83 129:47 131.48.75 up 23.72 28.33 28.64 -.07 up 21:36 21,40:21.83 ..40 up
·504 off .12 off
89.94 54.72
HONGKONG SAVINGS
BANK:
The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Bules may be obtain- ed on application.
For the HONGKONG & SHANGHAI RANKING CORPORATION."
V. M. GRAYBURN,
Chief Manager. Hong Kong. 5th Feb., 1939.
THE CHASE BANK
is, QUEEN'S BOAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.. Interest Rates on Application. /
This Book is "entirely. owned by THE CHASE NATIONAL BANK NEW YORK, with Boureas of synj U.8.$2,900,000,000,
BANK OF EAST ASIA, LIMITED.
Authorised Capital...$10,000,000.00- Paid Up Capital 5,598,600.00 - Reserve and Undivided
Prosta
„2,33,961,50
Head Office:-HONG KONG No. 10 Des Voeux Road, Centrál
Board of Directors:
BIR SHOVBON CHow, Chairman Li Kean Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Eq. Wong Cha Son, Kaq, Wang Tun Tong, Esq. Kan Ying Po, flag, Chan Ching Shok, Esq. Fang Plog Wah Eag KAN-TOSG-FO, Esa, Chief Manager Li Tas Foxa, Esa, Manager
Branches and Agencice:-
Karicom
Penang - Hingapors Rangoon Sourabaya Balcon Bestow San Fran. Sydney
ciao Tindu Sextile
Samseng
Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Second Vice Prae Currency and Fixed Deposits re
D. M. BIGGAB,
A Job
WANT
Business Done:-550,000 shares ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFO0
and TIENTSIN
KOBE and OSÄKA.
·64.07 48.74 11
19
In transmisión.
Chartered Bank ...
War Loan.31% (Red,
EK. & S'hai Bank (Idn
Reg.)
584
102) B
HK & Shai Bank (Col...
Reg)
70
Chinese Eng. & Mining
(bearer) ...
14/-
Chosen Corporation
4/-
35
Pekin Syndicate ....
27-
44
'hal Elec. Constr. Co. ... 15/- Bhai Waterworks “A” 131
TO-
1012 Chinese. 5% Reorg. Loan,
1913 (Ldn. 18.) Chinese 8% Ster. Noten,
1925 (Vickers) Chin. Imperial Rly, 5%
Loan.......................... 41, Homan Rly, 5% Hukuang Rly 5%, 1911...
ILF. N/ Issue)
12
Union Insurance Gula Kalimpong Rubber 12/9 B-A, Tob (bearer)......82/8
20
18
Mercantile Bank
10
Dunlop Rubber
30/6
|Bristol Aeroplane.
9/71
Imperial Chemical Ind. 27/71
United, Steel.
19.0
10
Woolworths
5776
Maraman Investments...
7/8
Western Holdings
B/7
Hukuang Rly. 6, 1911
Sub-Nigel
157/6:
¡German Ismte)
-10
Shell trans, de, Tradu
Lung Talog U. Hal
Rly 5% 1913-
Dearer) Nat Defence Bonds, 3% 1011
3873
· Londón÷Midlands-Boot-
*tish, 3%
121
Great Western Rall
·317. 25%
Hai-N'King Rly. 6/ Tientsin-Pakow Ely, 5%
Brit Btpd) Mas Tientain-Pukow Rly 5%
(German Stpd.)
Nat. Bank of India, 0%
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside
the Boosevelt-Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particulare
please apply to
ARDINE MATHESON& Co. LT
PHONE ZOSIL · GENERAL MANAGERS
ceived for One
year or aborter periods in Local and Foreign Onr- rencies on terms which will be quoted on application.
SAPE DEPOSIT BOXES TO LET
KAN TONG PO,
WR OF
Chief Manager.
CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL: EXCHANGE
DAN 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 so our Clienta special, facilities for Domestic and Foreign Banking and Exchange
m
· Head · Office:~-~SHANGHAI
Hong Kong Branch-
4, QUEEN'S BOAD, C South China Offices." CANTON KONGMOON SWATOW TUISHANT
SHLUCHOWKINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
197
Spicer Manufacturing Co. 32
Standard Brands
61
264
Stand Gas & Elec.
13*
193
Standard Oll of California
161
181
Standard Oil of NJ.
321
Stone & Webster
B
1707
Studebaker Cory
81
91
Swift Enternational
173
337
Technicolor
351
Texas Corpn.
341
51
Texes Gulf Sulphur
321
62*
Timken-Axle
29
72
Trans-America Co.
42
37
20th Cent. Fox...
51
17
Union Bag & Paper Corp.
117
48
Union Carbide & Carbon
731
"347
Union Facine
80%
494
United Aircraft
384
15
United Airlines Trang .....
181
11
United Corpo,
12
15
United Cornn. $3 cum pf.
334.
"110
United Gas Corpi “mere
531*
United Gas Improvement
114
.151
U.S., Industrual Alcohol.
221
141
U.S. Rubber
201
277
U.S. Rubber $8 pid.
761
19
US. Emelting
611
10%
US Steel
604
∙SAFE DEPOSIT BOXES
70
Vanadium
327
47
Vultee Aircraft
81*
Amoy
Batavia
Loudes
Bombay
Manila
Crispicia
Melbourne
Halphong
Hagunka
Bankow Hogainiu Kabe
New York
Parli
Pelping
271
Walworth Co.
49
141
Warner Bros. Pict.
21
24
Westinghouse Hec.
107
304
Woodward Iron Cor. Chase National Bank National City Bank
30+
30*