Adama Express
Alleghany Steel Co.
Alis Chalmers
Aluminium Ltd,
Amer. Can
American Cyanamid B.
Previous
Close
October 18. Opening Closing Buyers Buyers 38-3/8 38-1/4 33-1/4 38-1/4 36-1/8 35-7/8 34-1/4 34-3/8
34-cts.
Amer. Foreign Power
Change
Amer- & Foreign 37 pf.
Amer. Locomotive
off 1/8
Amer. Metals Co.
off 3/4
Amer. Radiator
off 3/8
Amer. Rolling Mill
Amer. S'ting and Ring Co.
Amer, Sugar Redning
buyers
Change
Amer. Tel, & Tel.
11-3/4
off 1/16
Amer. Tobacco "B"
11-13/16
off 1/16
Amer, Waterworks
11-13/16
off 1/16
Anaconda Copper
11-13/16
of 1"/18
Archison, T. & 8. Fe
11 11/18
off 1/16
Aviation Corp.
Baldwin Lecometive
Baltimore & Ohio
Barber Asphalt Co.
Barnsdall Ol
more Prices eased on
Bethlehem Steel
Bliss Co.
Boeing Airplane Co.
Borg-Warner
Briggs Mfg.
Budd M'facturing, Corp.
Canadian Pacific R'way
Opening
Case. JL."
London
New York
Japan
India
Hongkong
0/3-11/16 5-5/8 23-7/8 20-3/8 N 24-1/2
Celanese
Chesapeake & Ohio
(REUTER'S SERVICE)
Chrysler Corph.
Silver Duty Rate
Sterling
Rellers
Spot
Oct.
NOT.
Spot
Oct
Closing Opening 0/3-13/16 0/3-61/84 0/3-13/16 0/3-51/64 0/3-51/64 -0/3-51/84 U.S. Dollars
$5-27/32 $5-13/16
5-27/32
5-13/18
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 (
9:50
20.25
851
597 591
Prev. Today's 9.44. 9.43 9.47 .04 up ,40 off 19.95 20.40 20.00
341
85+ 843 594 591
Columbia Gas & Elec. ...
Commercial Credit Co.
Com, & Bouthern (Ord.)-;
Consolidated Edison
up
Consolidated 011
up
12,34 11,85
11.93b 12.20b .27 បច្ច
Continental Can
Continental Oil
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
OCTOBER 17, 1940..
On London:-
Telegraphic
Transfer 1/2 7/3
Bank Bills, on demand 1/2 7/9
Credits 4 months' sight 1/3 1/2
On Shanghal:-
On demand
On Singapore:-
On demand
On Japan:-
On demand.......
On India:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
63 3/4
105
NEW YORK, Oct. 16, 1940.
SINGAPORE RUBBER
82 1/2
SPOT
JAN.-MAR. adiungimen APR.-JUNE
Telegraphic Transter.
and demand
On New York:--
Bank Bills, on demand 82 5/8 Credits, 80 daya' sight 23°1/2
On demand
Bank Bills, on demand Noni Credits 4 months' right Nom.
42 1/4
After ruling steady the market became easier. LONDON RUBBER
Previous close Today's close
buyers
11-13/16"
11-7/8
11-7/8
11-7/8
11-3/4
On Batavia:
On Paris:
SPOT
NOVEMBER
On Saigon:-
DECEMBER
On demand
98 1/2
JAN.-MAR
On Manlia:-
APRIL-JUNE
On demand
43 1/4
Ou. Bangkok
On demand
1+0 1/2
NEW YORK COTTON: Near positions were
On Starling Notes:-
Bank Buying Rate
Now.
Bar Silver per oz.
23 7:16
NEW YORK STOCK EXCHANGE
STOCKS
The market was dull with interest lacking.
firm under the in- fluence of the strength of spots and covering by the Trade and by shorts. NEW YORK RUBBER:
offerings.
liberal shipment
Shanghai Exchange CHICAGO WHEAT: Mills were good buyers. The firmness of cash
«Official T.T. "Rates
Shanghai. Oct., 18 (Reuter),
wheat continues to be the dominating factor.
NEW YORK STOCKS: Previous close, 131,48; Today's close. 131.97;
Change, up .49.
✩NEW YORK COMMODITY MARKÉT
Bendix Aviation
QUOTATION
(REUTER'S SERVICE)
OCTOBER 17, 1940.
National Lead
190
FRIDAY, OCTOBER 18, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
"Authorised' Capital................. $50,000,000-
INDIA, AUSTRALIA AND CHINA
Ipod & Fully Paid Up 890,000,000 Incorporated by Royal Charter, 1809
Paid-Up Capital £6,500,000 Reserve Fund
Reserve Funda:
Sterling....
£3,000,000
£0,000,000
.....£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Lisbility of Pro- Reserve Liability of
prietors...
Proprietors. ..................$20,000,000
Head Ofce-HONG KONG .
Board of Directors:
H. V.. Wilkinson, Esq.,
Chairman.
Hon. Mr. J..J. Paterson,
Deputy Chairman,
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2. ⠀ Sub-Ageneles. In London:
117/122, Leadenhall Street, E.0.3 West End Branch; 14/18, Cockapur Street, B.WA Manchester Branch: 62, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES
ALOR STAR AMRITSAR BANGKOK
- BATAVIA
HARDIN
PENANO
BAIGON
SEREMBAN
SHANGHAI
BINGAPOR
HONG KONG BANGDON, ILOILO ΙΡΟΒ :KARACH KLANG AGENCIES: KOBA CLITE STREET' KUALA FAIBLIA PRACE
BOMBAY CALCUTTA
LUMFOR KUCHING -
SITIAWAN
·SCURABAYA
TAIPING
TIENTBIE TONGKAN
Haiphong
Bankos ilarbis
Muar
Patani
Swatow
New York Tsingtao
Peiping Yokohama
Penang
"
MIDAN
(Bbukat)
THINGTAO
NEW YORK YOKOHAMA PRIPIKO
+
KANKOW {Peking)
FOREIGN EXCHANOR ·sad· 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 application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
CCRRENT ACCOUNTY opined in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOFITS on application. cocoived for one year or shorter
The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee terms which will be business, and claims recovery of rencies on
British Income Tax overpaid, on
ALSO up to date SATE DEPOSIT terms which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
Last Sale
STOCKS
'Last Sale
Oct. 16
Oct. 16
58
Loew's Inc.
251
23
Loft Incorperated
211
35
Mack Truck Inc.
78-
Martin, Glen L
311
951
McKesson & Robbins, pid. · 273-
363
Montgomery Ward
41
11
M'tain City Copper Co.
3
141
National Aviation
101"
16
Nat. Dairy Products
13+
161
National Distillers
201
Hon. Mr. 8. H. Dodwell,
71
18
G. Miskin, Esq.,
12A
Nat, Fower & Light
73
E. S. Morrison, Esq..
421
| National Supply Corp.
8
Hon. Mr. T. E. Pearce,
14
New York Cential
143
161
Niagara Hudson, Power,
4)
CO. Roberts, Esq., Hon. Mr. A. Le Shields,
741
N. American Aviation
169
Q
North American Co.
20
Sit Vandeleur M. Grayburn,
Chief Manager.
'231
Northern Pacific
7.
Branches:
CANTON CAWNFORE
163
Owens-Miinois Glass Co.
56
14
MADRAS
44
Pacific Gas & Elec
29
Amoy
Johore
161
Parkard Motora
''
Bangkok
Kobe
Rangoon Saigon
COLOMBO
MANILA
44
Pan-American "Airways'
151
Batavia
KoWinon San
101
Paramount Pictures
81
Bombay
Kuala
Francisco
DELKI KAIPHONG" HAMBURG
Calcutta
Lumpur
Shanghai
8
Pennsylvania RR.
221
Canton
London.
31
Philadelphia Read, Coal
Singapore
}*
Chefoo
Lyons
Saurabaya
801
Phillips Petroleum
351
Colombo
Malacca
Sungei
147
Public Service of N.J.
33
Dairen
Manila
15+
Pullman Inc...
251
Foochow
.........
187
Pure Oil-
7.
213
Radio Corpn. of Am.
41
(Johore) Tientsin
Mukden Tokyo
41
Reading Company,
Com
141
Iloilo
.32
Remington Arms Co., Inc.
51*
Ipoh
551
Republic Aviation Corp. ...
51
219
Republic Steel
181
401
Revere Corp.
121
19
Reynold Tobac. "B"
35
54
Safeway Stores
43
301
Schenley Distillers
94*
Sears Roebuck
79
quoted on application.
251
Shell Union Oll
81
Socony-Vacunum Oli
81
BOXES in various sizes To Lat. Hong Kong. 28th February, 1940,
391
Southern Pacific
81
17
Southern Rly $5 pfd.
211
.Close
9.45/45
Opening
Closing
Change
Copperweld Steel
20
Spicer Manufacturing Co.
32
9.45/46
9.50/59
14 up
Curtiss Wright (C.)
72
Standard Brands
01
}
9.43/44
9.44/45
5. 9.47/47
04 up.
Curtiss Wright "A"
271
Stand Gas & Elec.
14
January
{
}
..... 9.38 N
9:39/39
9.40n
.02. up
Deere & Co.
201
Standard Oll of California
171
March
ず
9.40/40
9.42/42
9.43/43
.03 up
Distillers Corpn. Seagrams
167
Standard Ol of N.J.
331
Nov. 5-13/18
5-13/18 ..-
May
}
'9.29/20
9.31/32
9.35/35
.06 up
Douglas Aircraft
79
Stone & Webster
84
July
{ '
}
9.09/09
9.12/13
9.13/13
04 up
Du Pont de Nemours
1711
Studebaker Com
8
Market:-Qulet
The Central Bank of China's rate on London at 10 a.m. today was, 1/2-1/2d...
Spot
9.52 N
9.61n
.09 up
Eagle Picher Lead
91
Swift International"
171
Eaton Mfg. Co.
Elec. Autollte
NEW YORK -RUBBER
Elec Bond & Share
January
March May
20.40/40 20.20b 19:90/90 19,74b
20.22/15 unquoted 19.80/80 19,69a
20.00/00 "20.00b
19.86b/70à 19.52b
40 off
Elec. Bond & Share $5 pf.
,20 of
Elec Bond & Share $6 pl.
24 of 22 of
Elec. Power & Light 37 pf.
Fintkote
Total sales:-550 tons. CHICAGO WHEAT
December
"Gen. American Trans,
Gen: Electric
843/843
841/85
May
831/831
831/831
851/858 841/841.
up.
Gen. Motors
up
Gen. Railway Signal
Tuesday's sales:-10.838,000 bushels, CHICAGO: CORN
Gen. Tire & Rubber
Glidden Co.
Gendrich (BF)
December
591/591 598/593 601/601
607/601.
591/591 601/61
Goodrich $5 pt. ....
Goodyear Tire & Co..........
WINNIPEG WHEAT October
Great Northern Iron Ore -
703703
703b
701b
1. up
Great Northern Rly, pfd..
NEW YORK HIDES December March
Great Western Sugar
27. up
Greyhound Corpn.
.19 up
Hercules Powder Co Homestake Mining
Int Nickel "
Inter. Paper & Power Int. Tel. & Tel.
Ready
Oct. 23 Settlement
62-09
Kerinecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford Glass 431 Lockheed Aircraft
Total sales Tuesday:-68.500 bales,
The Equalisation rate was 24 December per cent.
Calenta Exchange
Calcutta, Oct. 18 (Reuter).
TT on Japan, 81-1/4.
India Rupee Paper
Bombay, Oct. 16 (Reuter), Govt. 34% Rupec, .ST-02-0.
SIFVER MARKET
LONDON SILVER
London. Oct. 16 (Reuter). Silver-Market quiet, with "little
doing.
Spot, 23-7/1ed.
Forward, 13-3/Bd.
BOMBAY SILVER·
Bombay, Oct. 15 (Reuter).
Market Quiet Offtake 25 bars.
Indian Mint Silver
Nov. 26. Settlement
62-09 62-10."
LONDON STOCK EXCHANGE LONDON, Oct. 17 (Reuter)--The Stock Exchange yesterday was firm despite the quietness trading.
in
May ...
11.93/12.00 12.20b/25a 11.93b 11.08b/70a 11.81b/75a 11.87/87 Total sales for the day:-237 contracts.
NY-Official Silver
34-3/4
NY-London Cross Rate 4.03-1/2
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Oct. 18. 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.
Cit-edged again advanced un- der the lead of War Loans. Indus-. trials were narrowly irregular but War Loan, 31% (Red, the gains appeared to be out- numbered by losses.
tmproved while Gold-minings were Chinese 5% Gold Bonds.
34-3/4 4.03-3/4
LONDON METALS
EXCHANGE
London, Oct. 16 (Reuter). Tin, Standard, Cash, Middle Price. £257-7/8.
Tin, Standard, 3 months, Middle Prices, £259-1/2..
Market quiet.
Tientsin-Pukow Rly. 5%
1940
DOW JONES AVERAGE
Bigh Low Dow Jones Averages 159.80 111.84 30 Industriais
Oct. 15,
131.48.
9",64
Oct. 17. 1940. High Low Close 132.69 131.00 131.97
D. M. BIGGAR,
Bond Vice Prea
JoJob?
A
Change .49 up
MED
32.67 22.15 20 Rails
28.40 18.03 20
Utilities
Commodity Index
21.99
89.94
51.72
28.83 28.61 28.07.07 up 22.37 91.80 22.19
27 up
80.13 19 up 64.95 23 up?
Business Done;-£60,000 shares
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD"
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOo
and TIENTSIN
90.61 83.08 40
Boads
£
Ger. Stpd. Supl. Loa Jap. 5% Ster, Loan, 1924 Ger, 7% Inti. Loan, 1924 54 Chartered Bank....
B 19
04.07 48.47 11
after 1952) Canton-K'loon Rly. 6%
102
HK. S'hai Bank (Edn.
Reg! ***
584
Following the recent strength ofhinese 44% Gold Loan Argentine Bonds, Argentine Rails
1898 (Erit. Isaue......
30
FLK., & S'hai Bank. (Col.
Reg) Chinese Eng.
70-
& Mining
occasionally brighter shortly be
1925-47
35
(bearer).
14/-
fore the close of business.
Chin, 41% Anglo-French
Chosen Corporation
4/-
Loan, 1908
Pekin Syndicate
2-
Chinese 5% Crisp Loan..
1912. Chinese 6% Reorg, Loan
1913 (Lda. 3.)
S'hai Elec. Constr. Co.
15/-
12
B'hai Waterworks "A"
131
TO
Union Insurance
20
18
Gula Kalumpong Rubber," 13/9
Chinese 8% Ster, Notes,
1925 (Vickers) Chin. Imperial Rly. 6%
B-A, Tob. (bearer}
82/8
Mercantile Bank
101
Dunlop Rubber
30/3
Loan..... Honan Rly, 5%
41
Bristol, Aeroplane
.... 9/101
10
Imperial Chemical Ind. 27/9
United Steel
19
12
Woolworths
57/3.
Marsman. Investments
7/8.
Western Holdings Bub-Nigel
8/0
180
12
Shell Trans & Trad.
(bearer). Monstermetourna Nat. Defence Bonds, 3% 1013
London-Midlands @cot-
35/31
tish, 8%
$12!
(German atpd.)
#
Great Western Rail-
The rights reserved to revise Tientsin-Pakow Bly, 5%% the decisions at any time.
way, 3%
(Brit. Stpd, Supl. Loan) 8
Nat Bank of India. 3%
[311 25
Wall Street was higher.
LONDON GOLD
London. Oct. 16 (Router). Bar Gold, Fine per oz., 188/-
NAVICERTS FOR
Hukmang Rly 5%, 1811...
(LP. N/Y Issue) British Government have agreed Hukuang Rly 5%, 1911
German Issue)................... 10 to grant navicerts and export licences to enable Switzerland to Lung Tsing & U. Haf maintain a two-months stock of war materials.
LONDON, Oct. 16 (Reuter) The!
SWITZERLAND Ch
The British Government Ul Tientsin-Pukow Rly. 5% also grant navicerts and export (Brit. Stpd.) licences for any goods which can-Tientsin-Pukow Rly. 5% not benen, the enemy..
Rly. 5% 1913 - S'hai-N'King" Rly, 5%
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the FrenchTM Concession at Shanghai, where passengers and cargo are landed.
For further particulars:
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL. GENERAL MANAGERS
Bemarang Shanghal
Every description of Banking and. Exchange business transacted. Loans granted on approved securities,
Current Accounts opened in Local Currency and Fixed Deposita re ceived for one year or shorter perioda in Local and Foreign Cur rendies on terms which will be quoted on application.
SAFE CEPOSIT BOXES To Laz.-
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT' OF CHINA AS AN INTERNATIONAL EXCHANGE
ZBANK Wh PAID-UP CAPITAL. $40,000,000.00
(BRANCHES ALL Over China) PEN Owing to our numerous Branches | in" Chins:`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 ROAD, O. South China Offices
CANTON
SWATOW
KONGMOON TOISHAN |SHIUCHOWY KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad,
SHOU
341
Technicolor
$
36
Texas Corpn.
341
54
Texes Gulf Sulphur
33;
84
Timken-Axle ....
201
72}
Trans-America Co.
42
381
20th Cent, Fox
51...
17.
Union Bag & Paper Corp.
113
481
Union Carbide & Carbon
741
344
Union Pacific
911
491
United Aircraft
39%
161
United Airlines Trans
181
111
United. Corpn.
12
15
United Corpn. $3 cum pf. 33
121
United Gas Corpn.
--11
58
United Gas Improvement
114
151
43
U.S., Industrual Alcohol,
233
15+
U.B. Rubber
201
27+
US. Rubber '$8 pfd.
784-
Interest Rates on Application
194
U.B. Smelting
61
HONGKONG SAVINGS
BANK
The Business of the above Bank is, 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 Koog. 25th Feb., 1939.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:"
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-up Capital .......... Reserve and. Undivided
Profita
5,588,800.00
.....2,183,281,60
Head Office:-HONG KONG' No. 10 Des Voeux Road, Central.
·Board of Directors:
818 StoreON Cɛow, Chairman Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Eaq. Wong Chi Bon, Esq. Wong Yun Tong, Esq. Kan Ying Po, Bag. Chan Ching Sher, Esq, Fung Ping Wah Esq Kas Toso Po, Esq., Chief Manager
Te Foxo, Esq., Manager
18, PINE STREET,
NEW YORK. An American Bank offering com-LI plete Foreign Banking Servic in the principal Markets of the world.
Branches and Agencies:-
Koloom
Loudon
Bingapore. Banguca Souzabays Balzon Brator
Amoy
BACA TIR
Bombay
Mazila
11
U.S. Steel
601
SAFE DEPOSIT BOXES
Caletta Halphong
76
་་
Vanadium
338
Bankow Honolulu
Malbourne San Fran. Bydney Nagka
simo saben New York Settin Pari
CORTET
47
271
Vultee Aircraft
Walworth Co.
&1
4%
141 a
Warner Bros. Pict.
21
2
Westinghouse Elec,"
1081
This Bank is entirely owned by THI CHAMI NATIONAL BANT NEW YORK, with Besources of ove 7.8.59,900,000,000.
Ko
Priplex
901
4*
Woodward Iron Cor. Chase National Bank National City Bank
304
31*
261*.
281