Adams Express
Alleghany Steel Co.
Aills Chalmers
385
Aluminium Ltd,
Amer. Can
52 3/4"
American Cyanamid B
Amer. & Foreign Power
100
Amer Foreign $7 pf:
On India-
Telegraphic Transfer. 189 1/3
and demand
On New York:-
umer. Metals Co.
mer. Locomotive
Amer. Radiator ...
Amer. Rolling Mil
Bank Bills, on demand 29 3/4 Credlis. 60 days' sight 23 5/8,
Amer. S'ting and R'ing Co.
Change
Amer, Sugar Refining
On Batavia:-
imer. Tel, & Tel.
On demand
42 3/8
Amer. Tobacco ·"B"
In Paris:-
Bank Bulls, on demand Nom. Credits 4 months' aight Nom.
Amer. Waterworks
Anaconda Copper
Atchison, T. &·3, Fe,
Close
9.60/60
Openinz 9.81/61
9.58/59
"NEW YORK COTTON: There has been an increase-in-the-moves-
ment of the crop in the" South-East. but an
spot sales is reported. The market today ruled quiet but steady. NEW YORK RUBBER: Prices were lower in sympathy with the
easiness of securities.
CHICAGO WHEAT: There was not much change in the tight cash situation, but the market at the moment shows signs of hesita- tion.
NEW YORK STOCKS: Previous close, 132.40; Today's close, 131,36:
Change of 1.04%
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE).
New York Colton, Dec. New York Rubber, Dec. Chicago Wheat, Dec, Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON Dec. (New contract)". January March
0,51 N ...... 9.58:58
In Bangkok:-
On demand
In Sterling Notes:-
In Saigon:
On-demand-
Aviation Corp.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
1116
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET' REVIEW
(FROM PAYNE & CO.)
NEW YORK, October. 24, 1940.
MONEY AND EXCHANGE
CLOSING QUOTATIONS
OCTOBER 25, 1940.
On London:-
Telegraphic Transfer. 1971- Bank Bills, on demadd 1/2 7/8 Credits 4 months" sight | 31/2 On Shanghai-
On demand
On Singapore:-
On demand
SINGAPORE RUBBER
ЗРОТ
JAN.-MAR.
APR.-JUNE
Previous October 24
Close Opening Closing Buyers Buyers 38-5/8 38-5/8 35-3/4 36-3/4 34-5/8 35-5/8
On Japan:-
Change
On demand
.38-5/8 36-1/2 34-1/2
unch.
off 1:4
off 1.8
The market was very quiet. LONDON RUBBER
. .
Previous close Today's close
buyers
buyers
SPOT
11-7/8
NOVEMBER
11-7/8
DECEMBER
TAN.-MAR
11-15/16 12
Unreceived
APRIL-JUNE
11-7/8"
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICË)”
OCTOBER 25, 1940,
SATURDAY, OCTOBER 26, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $30,000,000
INDIA, AUSTRÀLIA·
"AND CHINA-
Issued & Fully Paid-Up 820,000,000 incorporated by Royal Charter, 1833
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund
Head Office: HONG KONG
57
Chairman.
Hon. Mr. J. J. Paterson,
Deputy Chairman.
"
J. K. Bousfeld, Esq.." A. H. Compton, Esq.,
Hon. Mr. 8. H. Dodwell, . U. Miskin Esq.,
Hon. Mr. T. E. Pearce,
38, Bishopsgate E.0.2. Sub-Agencies In London: 117/19, Leadenhall Street, E.C.3 West End Branch: 14/18, Cockapur Street, S.WI Manchester Branch:
35, Mosley Street, Manchester, S.
AGENCIES AND BRANCHES.
KARDIN BONG KONG BANGOON ILOILO
ТРОН
ALOE BTAB AMRITSAR BANGKOK BATAVIA BOMBAY CALOUTTA
ÜLITE SPERST
thief Manager. FARE PLACE KUALA
CANTON
LUMPUR CAWNPORN KUCHING
...£3,000,000
Sterling
Reserve Liability of
Last Sale
STOCKS
Last Sale
Proprietors
$90,000,000
II.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
priaters........
.::£5,000,000
Oct, 24
Oct.. 24
...£3,000,000 HEAD OFFICE: LONDON:
5)
Loew's Inc.
201
231
Loft Incorperated
211
361
Mack Truck Inc.
273
Board of Directors:
801
Martin, Glen I.
303
H. V Wilkinson, Esq,,
937+
McKesson & Robbins, pfd.
271
254
Montgomery Ward
39
Mtain City Copper Co..
32.
151"
National Aviation
101
15
Nat, Dalry Producta
134
17
National Distillers
201
PENANG
71
National Lead
#174
13+
Nat, Power & Light
81
K. S. Morrison, Esq.,
42)
National Supply Corp.
51
14
New York Cential
141
C. C. Roberta, Esq.,
1627
|Niagara · Hudson Power
731
N. American Aviation
163
Hon. Mr. A L Shield, Sir Vandeleur M. Crayburn,
9
North American Co.
191
Northern Pactác
163
Owens-Illinois Glass 'Co."...
53+
Pacific Gas & Elec.
283
Amoy
“Baldwin “Lecomïètive”
-187
"Packard Motors
-3-
Bangkok
improvement in
7. Manila:--
On demand
Baltimore & Onio
4
Branches: Jobure Rangoon Kobe
SIRUI Batavia Kowl San
SAIGUN
ЗЕЛЕНАЯ
TABACH 1 KLANG
SHANODAL
SINGAPUR
AGENCIES: KORT
SITIAWAN
SOURABAYA
TAIPING
TIENTRIN
CHEWS TJ „COLOMBO -DELET
MADRAA
MANILA
2
| Pan-American Airways
15
HAIPHONG
NEW YORK
TONGEAR
(Bhuket)
-THINOTAU
ZUKOHAMA
45 1/2
Bombay
Kunla
་
Francisco
-Barber Asphalt Co.
91
Paramount Pictures
61
Calcutta Lumpur Shanghai
Barnsdall on
Pennsylvania R.R.
234
1491/2
Canton
Bendix Aviation
31
Philadelphia Read, Coal
Chefoo
Bank Buying Rate.... Now. Bar Silver per oz.
Bethlehem Steel
82
Phillips Petroleum
382
Colom
London Singapore Lyons Sourabaya Malacca Sungei
Buss & Co.
14
Public Service of N.J.
321
Dairen
Manila
Patani
23 1/2
*Teing Airplane Co, ...............
152
Pullman Inc................
261
Foochow
Muar
Swatow
Jory-Warner ̧.
191
Pure Oll
*
Haiphong
(Johore)
Tientsin
Shanghai Exchange
Shanghai. Oct." 25. (Reuter},
Ufficial T.T. Rates
Briggs Mig
22
Radio Corpo, of Am
41
Bankuw
Mukden
Tokyo
Harbin
New York
Budd M'facturing" Corp.
41
Reading Company, Com
151
Iloilo
Peiping
Tsingtao Yokohama
Canadian Pacific R'way 5..
31
Remington Arms Co., Inc.
Ipob
l'euang
Case, J.L
551
Republic Aviation Corp.
5+
Celanese
28
Republic Steel
19+
in
Prev. Today's 9.63
9.80 9.60
9 60 30.45 20.35 20.40 20,35
36 877 637 321
unch.
Londo New York
Opening 0/3-11:16
Chesapeake & Ohio
41
Revere Corp.
12
Chrysler Corpo.
811
Reynold Tabac. "B"
347
5-5/8
Columbla Gas & Mec.
51
Safeway Stores
434
.05 off
Japan
871
aer
1 off
821
621
India Hongkong
23-7/8 20-3/8 N 24-1/2
Commercial Credit Co.
314
Schenley Distillera
101
Com, & Southern (Ord.)
11
Sears Roebuck
782.
up
Consolidated Edison
251
Shell Unlon Off
91
12.85 12.16 12.88 12.46
.42 off
Sterling
Consolidated Oll
51
Socony-VacunumTM O]].
71
Closing
Change
Rellera
9.60/60 9.50n
unch.
.01 off
9.56/57
.02 "off
Spot Oct.
May
July
Oct.
9.48/48
3.48/48
9.48/45
.02 off
Nov.
9.30/30
9.31/31
9.29/29
01 of
}
Sput
Total sales Wednesday:-128.000 bales.
8.90 N 9.65 N
8.91/91
8.87/87
.03 off
Spot
9.65n
unch.
Oct,
5-7/8
Closing Opening 0/3-13/16 0/3-53/64 0/3-13/16 0/3-53/64 0/3-13/16 0/3-13/18
U.S. Dollars
$5-7/8 $5-29/32
"5-29/32
Continental Can
Continental Of
Copperweld Steel Curtiss Wright (C.)
384
Southern Paclic
Б
'172
Southern Rly $5 pfd.......
211
191
Spicer Manufacturing Co.
321*
71
Standard Brands
7
Curtiss Wright. "A"
274
Stand Gas & Elec.......
IA*
Deere & Co.
201
Standard Oil of California
171
Distillers Corpn. Beagrams
171
Standard Oll of" NJ;
33
Douglas Aircraft
361
Stone & Webster
Du Pont de Nemours
160
Studebaker Com.
83
Nov.
5-7/8
* 5-7/8 %
Eagle Piche 'Lead"
91
Swift International
18
Market: Quiet,
NEW YORK
December
January
March
May
RUBBER
Eaton Mfg. Co.
35
Technicolor
20.40/40
20.20b 20.02b 19.88/88
20.35b/45a 20.20b 20.02b/08a 19.80b/92a
20.35/36 20.15b 19.06/99 19.84b
,05 off
Elec, Autolite
361
Texas Corpn.
341
* .04 of
Total sales:-560 tons.
WINNIPEG" WHEAT
34-3/4
CHICAGO WHEAT
December".
871/873
871/872
May
86/85)
857/853
861/881 85/85)
1 or
% of
Wednesday's sales:-11,600,000 bushels.
CHICAGO CORN
December
May
621/627 621/624 631/631
623/623
631/634
630/631
A up unch.
October NEW YORK HIDES
70%b
701/701
701b
off
December.
12.88/88
March
12.43/43
12.82/72 12.46/48 12.30/28 12:70/10
42 D 30 off
34-3/4 4.03
Total sales for the day:--359 lots.
NY Official Silver
NY-London Cross Rate 4.02-3/4
"LONDON STOCK, LONDON
EXCHANGE
(REUTER'S SERVICE)
London, Oct. 24.
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.
102-13/18
8
METALS
EXCHANGE London, Det, 24 (Reuter).
Tin, Standard, Cash, Price, £258-1/8.
Tin, Standard, 3 months. Micdile Price, £280-3/8..
(Ger.Stpd. Supl, Loan) 8 Jap." 6% Ster. Logn, 1924 Ger] 7% Intl. Loan, 1924 Chartered Bank......... HK. S'ha! Bank (Ldn.
Reg.)
Calcutta Exchange
Calcutta, Oct. 24 (Reuter). T.T. on Japan, 81-1/4....
India Rupee Paper
Bombay, Oct. 24 (Reuter). Govt. 31% Rupée, 91-06-0.
SILVER MARKET
LONDON SILVER
London, Oct. 24 (Reuter). Silver Market quiet but steady, with little bear-covering. Business small. In the afternoon, the mar-
ket was quiet.
Spot, 23-1/2d.
Forward, 23-7/16d.
BOMBAY SILVER
Bombay, Oct. 24" (Reuter).
| Market—Quict. Offtake 50 bars.
Indian Mint Silver
LONDON GOLD
London,
Great Western Sugar
Elec Bond, & Share.
6"
.05 off
Texes Gulf Sulphur
332
.06 off
Elec. Bond & Share $5 pt.
654
Timken-Axle
291
Elec Boud & Share $6 pi.
740
Trans-America Co.
5.
Elec. Power & Light $7 pf.
39
20th Cent. Fox.
ភ
Fiintkote N
161*
Union Bag & Paper Corp... 113
Gen. American Trans.
491
Union Carbide & Carbon 792.
den. Electric
348
Union Pacifis
314
Gen. Motors
50
United Aircraft
39.
Gen Rallway Signal
15"
United Airlines Trans ....
177
,י
Gen. Tire & Rubber
121
United Corpn
2.
Glidden Co.
141
United Corpn. $2 cum pf.
33
Goodrich (B.F.)
13
United Gas Corpn.
11
Goodrich, $5 pl.
59
United
Gas Improvement
114
Goodyear Tire & Co...
167
U.S., Industrual Alcohol...
221
Great Northern Iron Ore ..
15
U.B.. Rubber
213
Great Northern Rly, pfd.
28
US. Rubber $8 pfd,
79)
Interest Rates on "Application.
192
US Smelting
81*
PIIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITs received for One Year or shorter periods in Loes! or Other Currencies at raten which. will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened LAL CORRENCY and Fixed Data received for one year or shorter The Bank's Head Offse in London periuds in Local and other Cur which will be rencies On terms quoted on application.
Also up to date SAFE DEPOS11 BOXES in various sizes To LET. Hong Kong 28th February, 1940,
HONGKONG SAVINGS-
BANK
The Business of the above Bank conducted by the HONGKONG
& SHANGHAI BANKING COR PORATION. Rules may be obtain-
on application. For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb.. 1339,
THE CHASE BANK
15, 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.
undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained "at sry of the Agencies and Branches.
B. A. CAMIDGE,
Manager.
BANK OF EAST ASIÄ, LIMITED
Authorized Capital...$10,000,000.00 Paid Up Capital Reserve and Undivided
5,598,800.00
„2,863, 261.68
litta once-HỒNG KONG No. 10 Des Voeux Road, Centimi.
Board of Directors: Sia ShopBoy: Chow, Chairman - Li Koon Chan, Eaq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chn Son, Esq. Wong Yan Tong, Esq. Kan Ying Po, Baq. Chas Ching Sheir, Esq, Fung Fing Wah Eog KAN TONG PO, Esq., Chief Manager LI Tax Fosa, Esa, Manager
Amoj
Bateria
Branches and Agencies:
Kerloon Репал Singapore Leudon Banroom Sourabaya
Manila38algon Drakow HallgurneTM Bud Fran- Sydney
FAKBURG MANKOW
Profils
Greyhound Corpn. Hercules Powder Co
111
US. Steel
624
SAFE DEPOSIT BOXES
70
Vanadium
244
Homestake Mining
472
Vultee Aircraft
Int Nickel .....
272
Walworth Co.
5+
Inter. Faper & Power
148
Warner Bros. Pict.
21
Int, Tel, & Tel
2*
Westinghouse Elec.
1081
Kenrecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford Lockheed Aircraft
327
Woodward Iron Cor.
..301
4
Glass
45
Chase National Bank National City Bank
323
271
281
Ready ...
82-01
Middle
Nov. 28 Settlement Dec. 27 Settlement
62-02
DOW JONES AVERAGE
62-03
ام
"1940
3267 22.15 20
Oct. 24 (Reuter), Bar Gold. Fine per oz., 188/-
High Low Dow Jones Averages 152.80 111.84 30 Industriala
Rails 26.45 18 03 20 Utilities 30.61 83.06:40
Oct. 23,"
132.40 2+.92
Oct. 25. 1940. High Low Close 132.29 131.08 131,36 28.90 29.03) 28.05
Change TC4 of 27 off
Tabscribed Capita
Paid-op Capital
2
22 99
12.31 22.06 - 22.13
.16 off
Beserve Yand and Berk,
Bonds $1.07 48 74 11 Commodity Inder
90,15
ני
58,07
89.97 35,68 Business Done:-540,000 shares
.18 off .39 off
€3,000,000
£1,300,000
21,060,000
21,264,010
This Bank is entirely owned P Tax CHADE NATIONAL BANI NEW YORK, with, Resources of art] 1.8.$2,900,000,000.
D. M. BIGGAR,
Second Vice Pres
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15., Grasschurch Street, London, EC.3
Authorised Capital
Pagrin
Every description of Banking and Exchange business transacted. Loans granted on approved securities:
Current Accounts opened in Local Currency and Fixed Deposits, re- ceived for one year or shorter periods in Local and Foreign-Our- rencies on terms which will be quoted on application.
SAFE CEPOSIT Boxes. To Lat
·HAN TONG PO,
Chief Manager.
Fommy
Dalestin
Haiphong
Bankow
New York Shazzle
Konalala
Parta
dobe
Semarang Shangh
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
War Loan. 31% (Red.
after 1952) Canton-Kloon Rly. 5% Chinese 41% Gold Loan
1898 (Brit. Issueð ***. Chinese 5% Gold Bonds,
30
{H.K. & Shal ́ Bank (Col.
·Reg)
BT
1925-47*
35
Chiese Eng & Mining
Chin. 41% Anglo-French
Loan, 1908
(bearer)
14/-
44
Chosen Corporation
4/-
Chinese 5% Crisp Loan..
1912
Pekin Syndicate,
"21-
12
S'hal Elec, Constr; Co.
Operating Services for Cargo sad Passengers
15/-
Chinese 5% Reorg. Loan.
70
B'hal Waterworks "A"
13)
TO-
1913 Ldn. 18.) ............................ Chinese 8% Ster. Notes,
1925 (Vickers)
18
Union Insurance
20
Gula Kalumpong Rubber
13/0
B.-A. Tob, (bearer)
82/6.
Chin. Imperial Rly. 5%
Loar:
Mercantile Bank
101
Dunlop Rubber
30
Honan Rly. 5%
10
Bristol Aeroplane
10
Ankuang R13 5%, 1911..
(LP. N/Y Issue)
Imperial Chemical Ind. 27/4) United Steel
19/8
Hukuang Rly 5%, 1911.
Woolworths
57
(German Issue)
Maremiar. Investments ....
7/8
12
"
Lung Tsing & U. Hai
Rly. 5% 1913 8'hai-N'King Rly..5% Tientsin-Pukow... Rly 5%
(Brit. Atpd.)...estemos. Tientsin-Pakow Rly, 5%
(German Sipd.). Tientsin-Pukow: Rly. 5%.
(Brit. Stpd, Supl. Loan). Tientsin-Pukow Rly 5%
Nat Bank of India. 325
Western Holdings
9/3
Sub-Nigel
.157/8
Spell Trans. & Trad.
bearer
35
Nat Defence Bonds, 3% 101
London Midlands-Ecot-
tish: 3%
Great Western Rall-
-way, 3
34
SANDAKAN
HAIPHONG
All steamers berth alongside. the Roosevelt Terminal in the French Concession stevi Shangbai, where, passengers and cargo are landed.
For further partículară
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE 3O3IL · GENERAL MANAGERS
BANKERS:
The Bank of England and Midland
Bank, Lid, BRANCHES:
Kusla Trengga Hadisa
Bangkok Ipoh 5
Bombay
Caluntia
Katan
New York
Colombo
Kandy
Kuh
Hota Bharu
Delhi
Gale
frongkong
Bownsh
Kuala Lipia
Pecang
Baszoon
تعطي العدة.
Kala Lumpur, Blugapore.
HONG KONG BRANCH: Every description of Banking and Exchange bdainas sransacted,
BANK OF CHINA,
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
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 01 the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking 'sad Manager Exchange, i
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN ( QUELEST ACCOUNTS Apened is Local Our rency and FIXED DEPOSITS received in, Local Currency STERLING on to 10 maybe
sacertalked on application,
b. BENS N
What do
you want 2.
If there is anything you want, to buy or sell trya. Semail" Classified advertise- ment. In the Hors- kong Daily Presa
25 words $1.50 prepaid
gerbons.
* Head Office:---SHANGHAI
Hong Kong Branch: 44- QUEEN'S ROAD, C, South China Ofices:
CANTON SWATOW BHIUCHOW
KONGMOON TOISHAN KINGCHOW
We alea. handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOUJ CHEN,