STOCKS
Adams Express
Alleghany Steel Co.
Allis Chalmers
Aluminium Ltd.
Amer. Can
American Cyanamid B.
Amer. & Foreign Power
Amer & Foreign 37 pt.
Oa Batavia:-
On demand
On Paris:
On Saigon:-
On demand.
Ou Manila:
On demand
42 1/4
Bank Bills, on demand 29 5/8 Credita, 80 days" sight 23 1/2
The market was steady but quiet LONDON RUBBER
.38-1/4 38-1/8 38-3/8
38-1/8 36-1/8" 36
34-1/8 34-1/4 34-1/8
off 1/4
Amer. Locomotive
unch. off 1/8
Amer. Metals' Co.
Amer. Radiator
Amer." Rolling Mill
PAGE 10-HONGKONG. DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
OCTOBER 19; 1940.-
On London:—
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/8 7/8 Credits 4 months' sight 1/31/2 On Shanghaii--
On demand
On Singapore:
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE, BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
385
On demand
59 3/4
On Japan
NEW YORK, Oct. 19, 1940.
On demand.
105
On India:-
SINGAPORE RUBBER
Telegraphic
Transfer.
and demand
89 1/2
SPOT
On New York:---
JAN.-MAR.
APR.-JUNE
عوام
Previous October 19
Close Opening Closing Change Buyers Buyers
NEW YORK STOCK EXCHANGE
QUOTATION (REUTER'S SERVICE)
· OCTOBER 20, 1940
MONDAY, OCTOBER 21, 1940.
BANKS
RONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital. $80,000,000
INDIA, AUSTRALIA AND CHINA
Iesued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1889
Keserve Funds:
Paid-Up Capital ...,£3,000,000 £8,500,000 Reserve Fund
Sterling ing H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Reserve Liability of
Proprietors
$90,000,000
Head Office:-HONG KONG
prietors
...:£3,000,000 -
,£3,000,000
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.S. Sub-Agencies In London: 117/129. Leadenhall Street, E.C.3 West End Branch: 14/16, Cockapur Street, S.W ́1 Manchester Branch
02, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES,
Last Sale
STOCKS
Last Sale
OCL 19
Oct. 19
54 Loew's Inc. 20...
271
231
Loft Incorperated
22}
.361
Mack Truck Inc.
27
78*
Martin, Glen L
314
Board of Directors: H. V. Wilkinson, Esq.;.
'911
McKesson & Robbins, pfd. 27
361
Montgomery · Ward
41+
11
M'tain City Copper Co.
31
15
National Aviation
107
151
Nat. Dairy Products
13)
Chairman Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq.,
16
National Distillers
207
71.
National Lead ...
173
12)
Nat. Fower & Light
1J
buyers
Previous close Today's close
buyers
'Amer. S'ting and R'ing Co.
421
National Supply Corp.
6
Change
Amer, Sugar Refining
13*
New York Cential
148
Hon. Mr. S. H. Dodwell, G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
C. C. Roberta, Esq.,
BANGKDX.
|BATAVIA BOMBAY
ALOR STAR AMRITBAR
HARDIN
PENANG
EONA TONG BANG0G,
ILOILO IPOH
BAIGON
SEREMBAN
KARACHI
SHANGHAI
་
Amer. Tel.
Tel.
1651
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
SPOT
NOVEMBER
DECEMBER
BS 1/2
JAN.-MAR.
45 1/4
149 1/2
....
Nam.
11-11/16
11-3/4
Market, closed,
Ater, Tobacco "B"
74
Niagara" Hudson Power N. American Aviation
42
171
Hon. Mr. A. L. Shields Sir Vandeleur M, Grayburn,
CALCUTTA
KLANG
SINGAPOER
AGENT158
KQBG
BITIAWAN
CLIVE STABET
11-3/4
Amer, Waterworks
ૐ..
North American Co.
201
Chief Manager. FAIRLIS PLACE
KUALA
BOURABAYA
Anaconda Copper
23
Northern Partic
7
CANTON
LUMPUR
TAIPING
11-3/4
being as
Chicago Wheat, Dec. Chicago Corn, Dec.
Dec. (New contract)
"On Bangkok:-
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
Market Report
FROM, ROZA BROS.
23 7/16
Ready Silver was quoted yes-
terday at 23.7/16 and Forward at
APRIL-JUNE
NEW YORK COTTON: There was a slight increase in hedging,
but prices are steady and the market acts well.
NEW YORK HIDES: It is reported that the Government, is ac-
quiring stocks of hides against future emergency.
NEW YORK STOCKS: Previous close. 132.45; Today's close, 132,18:
Change, of 27.
NEW YORK COMMODITY "MARKET (REUTER'S SERVICE) ·
23.3/8. American Silver was quoted New York Cotton, Dec.
at 34.3/4 for Spot, Silver advices New York Rubber, Dec. reported the market
quiet,
The London/New York Cross-
New York Hides, Dec.
rate was quoted at 402.1/2. New NEW YORK COTTON Close
York/London was quoted at 403.
-12.99 12.67 12.62 12.85
Atchison, T. & S. Fe..
18
Owens-linols Glass Co..
554
11-5/8
Aviation Corp.
41
Pacific Gas & Elecrigin
25*
Adioy
Baldwin Lecometive
18
Packard Motors
31.
Bangkok
Branches: Johore Rangoon
Saizon Kobe
CAWNTUR
KVOWING
Baltimore & Ohio
41
Pan-American Airways3 ...
151
Batavia
Kowloon San
Barber Asphalt Co.
10
Paramount Pictures
83
Bombay
Kuala
Francisco
Calcutta
Barnadall Oil
8"
Pennsylvania R.R
231
Canton
Loadou
Bendix Aviation
301 -
Philadelphia. Read, Coal
Chefoo
Bethlehem Steel.
802
Phillips Petroleum
341
Lyona Sourabaya
Colombe
Bliss Co.
141*
Publie Bervice of N.J.
327*
Dairen
Manila
Patani
Boeing Airplane Co.
151
Pullman Inc....
251
Foochow
Muar
Swatow
Borg-Warner
183
Pure Oll
67
Briggs Mig. Jag
22
Radio Corpn. of Am.
Budd. M'acturing Corp.
Frey. Today's 9.52 9.48
9:48 01 of
·9.49 .20.26 20.22 20.31 20.28 .03 off 851 28 85+
351 601 001 601 602
Reading Company,
Com
14
Harbin
Canadian Pacific R'way
31
Remington Arms Co., Inc.
Iloilo
Case, L.I.
55
Republic Aviation Corp...!
51
[pob
Celanese
291
Republic Steel
187
up
#
off
Chesapeake & Ohio
41
Revere Corp.
11*
23 up
Chrysler Corpn.
804
Reynold Tobac. "B"
35
Columbia Cas ☆ Ecc ..
_51"
Safeway-Stores
431
Openinz
Closing"
Change
Commercial Credit Co.
314
Schenley Distillers
91
9.49/49
9.51/52
9.48/48
MARKET
January (1941) (
9.40 N
9.40b/44s.
0.40n
.01 off unch.
Com, & Southern (Ord.)
11
Sears Roebuck
781
quoted on application.
Conselldated Edison .....
26
Shell Union Oli
9
March X
>
):9.46/47
9.48/48
9.46/43
unch.
Consolidated Ou
51
Socony-Vacunum Oil
7
Also up to date SA DEPOSIT Boxza in various sizes To Lat. Hong Kong. 28th February, 1940.
Gulet
Opening
0/3-11/16
5-6/8
23-7/8
STERLING
Na husiness was reported. There were sellers at 1/2.31/32 October- December, buyers at 1/3 for Cash. U. 8. DOLLARS Opened with sellers at 23 for near, buyers bidding 23.1/16 re- sulting là some business at 23 1/16 for Cash. Towards the close there were sellers at 23.1/18 for May near, buyers at 23.1/8 for Cash.
Total sales Friday:-69,000 bales. NEW YORK RUBBER December January (1941) March
19.77b Totals sales:-220 tons. CHICAGO WHEAT
- SHANGHAI DOLLARS--- Some business was done à 393 December 1/2 and also at 293. The marketMay closed with sellers at 292.1/2.
SHANGHAI MARKET
Friday's Sales:-9,354,000 bushels CHICAGO CORN.
Opened with sellers of Sterling December for Spot at 3.49/64 and closed steady with sellers at 3.51/64 for Spot. 9 Dollars opened wi sellers at 8.25/32 for Spat closed steady with sellers at 5. NEW YORK HIDES 27/32 for Spot.
Shanghai Exchange
Shanghal, Oct. 19 (Reuter).
Lundun
Official T.T, Rates
New York
Japan
WINNIPEG WHEAT
October
May July
> 9.37/37
9.39/39
.9.36/36
.01 OT
Continental Can
387
Southern Paclic
) 9.18/18
9.20/20
9.17/17
.01 of
Continental Qu
17
Southern Rly $5 pfd.
217
CEBU COLUMBU
DXLII.
HAIPHONG
| HAMBURG "
Lumpur Shanghai | HANKOW
Singapore
Malacca Sungei
Haiphong (Johore) Tientsin Radkow Mukden Tokyo
New York Tsingtao.
Peiping Yoknbama Penang
"
(Pekrig
FOREIGN EXcxaxar sad, General Banking Business transacted.
CURRENT ACCOUNT" opened and FIXED DEPOSITS · received for One Year or shorter periods in Local or Other Currencies at rater "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 DEPOSITS on application. received for one year or shorter
període in Local and other Cur- undertakes-Executor--and Trustes——— rencies on terms which will be püsiness, and claims recovery of
British Income Tax overpaid, on tarms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE.
Manager.
MADRAS
MANILA
MEDAN
NEW TURE
„TIENTSIN. TONGKAR
(Bhuket)
THINGTAS
TOKOMAMJ
PRIPING
The Bank's Bead Office in London
Oct.
{
) 8.73 N
8.76/76
8.76 N
.03
up
Copperweld Steel
197
Spicer Manufacturing Co. 321*
958 N
9.57n
.01 of
Curtiss Wright (C)
71
Standard Brands
01
Curtiss, Wright “A”.
28
Stand Gas & Elec. .......
+
Deere & Co.
21
Standard Oil of California
174
Distillers Corpn. Seagrams
17
Standard On of N.J.
314
20.31/31
20.25/22
20.10b"
10.90/90
20,28b unffuoted 20.10b 19.85/85
.03 off
Douglas Aircraft
82
Stone & Webster
81
unch.
Du Pont de Nemours en
1711
Studebaker Com.
-
19.70/67
19.90/90 19.69/69
unch.
Eagle Picher, Lead
94*
Swift International
181*
.08 off
Eaton Mfg. Co.
341
Technicolor
བ་བའིས་
Elec. Autolite .....
38
Texas Corpn.
34.
Elec Bond & Share
51
Texes Gulf Sulphur
33*
(1941)
858/854 841/842
851/85%
854/85
tup
Elec, Bond & Share $5 p.
64"
Timken-Axle
29
841/841
844 PAI
unch.
Elec Bond & Share $6 pf.
73"
Trans-America Co.
47
Elec. Power Light $7 pf
394
20th Cent. Fox.
6
Flintkote
17-
Union Bag & Paper Corp.
12
Gen. American Trans.
49
Union Carbide & Carbon
73
May (1941)
601/601 601/00 618/613
612/617
601/601 611/814
off
Gen. Blectric
343
Union Pacific"
831
off
Gen. Motory
401
United Aircraft
394
Gen Railway Signal
18*
United Airlines Trans
18
Gen. Tire & Rubber
112-
United Corpn
2
701b"
701/701
701b "
1. up
Glidden Co. ....
141*
United Corpn. $3 cum pl. 33
Goodrich (B.F.)
124
United Gas Corpn.
14
December March (1941)
12.62/62 12.07/67 12.23b/35a 12.38/37 Total sales for the day:-159 contracts. NY-Oficial Suver
34-344
12.85/86 12.52/56
unquoted
up
Goodrich $5 pf.
·58* -
United Gas Improvement
up
Goodyear Tire & Co.
151
U.S., Industrual Alcohol
22
Great Northern Iron Ore ..
147
US. Rubber...
21'
Great Northern Rły, ptd,
277
U.S. Rubber $8 pfd.
781
Interest Rates on Application.
NY-London cross Rate 4.03
4.03
Great Western Sugar Greyhound Corpn. Hercules Powder Co
101
US. Smelting
603*
113
US. Steel'
51+
SAFE DEPOSIT BOXES
78*
Vanadium
337
HONGKONG - SAVINGS BANK
The Business of the above 'Baak 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 Managér. Hong Kong. 25th Feb., 1930,
THE CHASE BANK
BANK OF EAST ASIA,
LIMITED.
Authorized Capital.....$10,000,000.00 Paid-Up Capital 5,593,600.00 Beserve and Undivided
Profits
IS, QUEEN'S ROAD, CENTRALi
HEAD OFFICE:
18, 'PINE STREET,
NEW YORK An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world
12,063, 201:10.
flead Office:—HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
"
SIR SHOPBOX-Oxow, Chairman Koon Chat, Esq. Ll La Song, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Tidig Po, King, " Chan Ching Shok, Eaq, Fang Ping Wah Esq KAN TONG FO, Esq., Chief Manager LI THE Fose, Esq, Manager
Branches and Agencies:
Karloos. Louten'
Perang Bingapore Bangoon, Bourabaya Saigon Bwstow
Malbotron - Bui Fran. Sydney Sagranicn
cisco Tontin
- couvar
.. Amoy
Patavin'
Bonbay.
Manil
Calentia
Haiphong
Bankow
New York Beattie
Honslain
Pacis
Bemarang
India
Hongkong
Sterling
20-3/8N 24-1/2
Spot
Oct.
Nov.
Spot
Oct.
Ballers
Opening Closing
0/3-49/84 0/3-51/64 0/3-49/84 0/3-51/64
0/3-49/840/3-25/32
U.S. Dollars
$5-25./32 $5-27/32 -5-27/32 5-25/32 5-25/32 5-13/16
Nov. Market Dull.
Calcutta Exchange
Calcutta. Oct. 19 (Reuter). TT. on Japan, 81-1/4.
India Rupee Paper
Bombay, Oct. 19 (Reuter). Govt. 34% Rupee, -91-02-0.
SILVER MARKET
BOMBAY SILVER
LONDON STOCK | LONDON MONEY
EXCHANGE
(REUTER'S SERVICE)
London, Oct. 18.
MARKET
LONDON, Oct. 20 (Reuters Conditions in the Money Market
The following quotations are the were very easy throughout the middle prices at the close of the week, institutions outside clearing market: in London.. All quotations bank circles often being willing are subject to confirmation and no to accept 34 per cent. against responsibility is assumed for errors bonds of overnight 10ans, in transmission.
War Loan, 31% (Red,
after 1953) Janton-Kloon Rly." 5% Chinese 41% Gold Lean
1898 (Brit. Issue)...... Chinese 5% Gold Bonds.
1925-47....
1021 6.
30
46
Chin. 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan.
1912......
ོ
The whole of the £65,000,000 worth of, Treasury Bills offered were allotted at the average rate of £1 09. 4.64.
Despite the increase in applica- tions from 127 to 129.8 millions the market's quota at 3.8 për cent. was practically unchanged from the previous week
Wall Street closed steady. -
1940
DOW JONES AVERAGE
Bigh Low Dow Jones Averages 159.80 111.84 130 Industrials
Rails 31.67 22.10.20 26.45 18.03 20. Utilities 90.81 83.08 40 Bonds 64,0748.74 11
12
Chinese 5% Reorg Loan
1913 (Ldn." Is) Chinese 8% 8ter. Notes.
1925 (Vickers) Hi
HK. & Shại Bank (Col. »
Bex)
07
18
Chinese Eng. "&" "Mining
(bearer,
14/-
Chosen Corporation
4/
Chin. Imperial Rly, 5%
Pekin Syndicate
Loan
"41
S'hai Elec. Constr. Co.
15-
Bombay, Oct. 19 (Reuter), Market-Quiet Offtake 25- bars.
Honan Rly, 5%
10
Bhai Waterworks “A”
131
TO
Hukuang Rly 5%. 1911. (L_P__N/Y_Issue)...
Union Insurance
20
12:
Gala Kalumpong Rubber 13/9
Hukuang Rly, 5%, 1911
B-A Tob. (bearer) ........
8216
Ready
62-09
(German Issue)
-10
Mercantile iank
101
62-09
Lung Teing ̄U... Hal
| Dunlop Rubber
30/3
62-10
Bristol Aeroplane
9/10
Imperial Chemical Ind. 27/6
United Steel
***
10/14
Woolworths
57/11
Marsman Investments
6/101
Western Holdings
Bub-Nigel
8/0 160
Shell Trans.
(bearer)
22 Trad..
Oct. 20, 1940.
Oct. 18,
High Low Close
132,45
29.96
13258 131,09 138,187 28.93 28.85 28.89
Change .27.0£
07 of
22 33
29.26 3216 22.20
.13 of
90,21
Commodity Index
65,33
90.17 05.41
,04 of .08 up
Business Done: 220,000 shares
Homestake Mining
147
Vultee Aircraft
81*
Int Nickel ........ Inter Paper & Power "Int. Tel. & Tel.
281
Walworth Co.
147
Warner, Bros. Pict.
21
Westinghouse Elec,
10%
Kennecott Copper Lakey Foundry & Mac... Libbey-Owens-Ford Lockheed Aircraft
31
Woodward Iron Cor.
304
43
Glass
43
Chase National Bank National City Bank
29
This Bank is entirely owned by
Tas
CHABE NATIONAL 2- BANK. Naw YORK, with Resources `of' 'ovit U.S.$2,900,000,000.
D. M. BIGGAR,”
Second Fice Pre
Polplog
Every description of Banking and Exchange business transacted. Louna granted" on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter perioda in Local and Foreign Onr rencies on terms which will be quoted on application.
SAFE CEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
Kobe
Shanghai
Indian Mint Silver
Oct. 23 Settlement
Nov. 26 Settlement
LONDON METALS
EXCHANGE··
Londen, Oct. 18 (Reuter)., Tin, Standard, Cash, Middle Price, £258-3/4
Tin, Standard, 3 months, Middle Price £259-7/8
Rly, 5% 1913 ..... S'hai-N'King Rly. 5% Tientsin-Pukow Rly, 5%
___(Brit. Stpd.). Tientsin-Pukow Rly. 5%
(German Study Tientsin-Pukow Rly. 5% (Brit. Btpd. Bupi Loan) Tientsin-Pukow Bly. 5%
Gez. Btpd, Supl, Loan) 8 Tap. 6% Bter, Loan, 1925 22
Market steady but quiet on fair Ger. T% Intl. Loan, 1924 51%. overnight United States Interest Chartered Bank
0.
30/3/1 Nat Defence Bonda, 3% 1013 London Midlands-Boot-
tish.
·3%
123
A fair quantity has been recently HK & B'nai Bank (Lda. D exported to South America.
60
Great Western Rall-
way, 3% Nat Bank of India 1%
Reg.)
WANT ADSE
INDO-CHINA
STEAM
BANK OF CHINA,
Specially Chartered by THE NATIONAL GOVERNMENT
·OF CHINA' AS AN· INTERNATIONAL · EXCHANGE /
*BANK PAID UP CAPITAL $40,000,000.00
NAVIGATION COMPANY 170 (BRANCHES ALL OVER CHINA)
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside
the Roosevelt Terminal in the French Concession, at
Shanghai, where passengers and cargo are landed,
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE SOBIE GENERAL MANAGERS •
Owing to our numerous Branchen. Fin China and connections in the principal: Commsraial Centres of the World, we are able to extend
o our Clients special facilities for: Domestic and Foreign Banking and Exchange. D
Head Office: SHANGHAI
Hong Kong Branch: BORAL QUEEN'S ROAD, C.
South China Officer's
CANTONE SWATOW
KONGMOON. TOISHAN SHLUCHOW KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chries Government both at Home and Abroad
SHOU J. CHEN,
Managers