Adams Express
Alleghany Steel Co.
Allis Chalmers
375
(FROM PAYNE & CO.)
Aluminium, Ltd.
On Singapore:-
NEW YORK. October 26, 1940.
Amer. Can...
52 3/4
"
On demand
Op India:-
Telegraphic
LOG
APR.-JUNE
Previous October 26
Close Opening Closing Buyers
Buyers 38-1/2 38-1/2 38.3/4 38-3/4 36-3/4 "36-3/4
34-5/8 34-3/4 34-5/8
American Cyanamid B..
Change
Amer. & Foreign Power
Amer
Foreign $7 pt.
up 1/4 unch. up 1/8
amer, Locomotive
Amer. Metals Co.
Amer. Radiator ...
"
The market was steady. LONDON RUBBER
Amer. Rolling Mu
Amer. Sting and Ring Co:
buyers
Previous close Today's close
buyers
Amer Sugar Refining
Change
Amer. Tel & Tel
..... 42 5,8
SPOT
11-13/16
Amer. Tobacco "B"
On Paris:-
NOVEMBER
11-13/16
Amer, Waterworks.
DECEMBER
11-7/8
Market closed
JAN.-MAR.
-On-Saigon:
On demand
991/9
On Manila-
On demand
45 3/4
On demand.....
........ 149 1/2
Nom.
23 1/2
11-15/16 11-13/16
Anaconda Copper Atchison, T. & 8, Fë.
Forward.
London-New York cross-Chicago Com, Dec. rate was quoted at 402.1/2. New New York Hides, Dec.
403. York/London was quoted at
On Bangkok:→→
On Sterling Notes:-
Bank Buying Rate
Bar Silver per os
Market Report:
FROM ROZA BROJ.
Monday, Oct. 28.
Silver prices were unchanged over the week-end, the quotations
remaining at 23.1/2 for Ready and New York Cotton, Dec...)
American New York Rubber. Dec. 23.7/16 for
Chicago Wheat, Dec.
Silver was unquoted.
The
APRIL-JUNE
NEW YORK COTTON: The market today-was-inactive but prices held steady. Bombay interests, appeared to be the principal buyers of late months.
CHICAGO WHEAT: Nervous liquidation on
rumours depressed the market. There is little change in the cash situation and the market appears to respond easily to any purchases.
NEW YORK STOCKS: Previous close, 131.18; Today's close. 132,26;
Change. up 1.10.
Barber Asphalt-Co.. Barnsdall ou
PAGE 10--HONGKONG DAILY. PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
·EXCHANGE ·
Telegraphic
CLOSING QUOTATIONS
OCTOBER 28, 1940.
On London:-
Transfer. 7/4
Bank Bills, en demand 1/2 7/9
Credits 4 months' sight
On Shanghai:-
On demand
On demand
On Japan:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
Transfer.
and demand.....
On New York:-
SINGAPORE BURBER
SPOT
82 1/2 JAN.-MAR.
Bank Bills, on demand 22 7/8
Credlis, 60 days sight 23 3/4 ·
On Batavia:—
On demand
Bank Bills, on demand Nomi. Credits-4 months' sight Nom.
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
OCTOBER 27, 1940
TUESDAY, OCTOBER 29, 1940,"
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.
$50,000,000
INDIA, AUSTRALIA'. AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1850
Paid-Up Capital £8,500,000 Reserva Fund"
H.K. Currency Reserve $10,000,000 Reserve Lisbility of Pro-
$20,000,000
£3,000,000
£9,000,000
priators.
£3,000,000
HEAD OFFICE: LONDON:
Head Office:-HONG KONG
Chairman. Hon. Mr. J. J. Paterson,"
Deputy Chairman.
38, Bishopsgate E.C.2. Suo-Agencies In', London: 117/128, Leadenhall Street, E. Ca West End Branch: 14/16, Cockspur Street, 8.WI Manchester Branch:
52, Mosley Street, Manchester, 9.
AGENCIES AND BRANCHEST
HRRIN
PENANG HONA KŪNO KÄNGOON
Reserve Funds:
Sterling
Last Sale
STOCKS
Last Sale
Reserve Liability of
Oct. 26
Oct, 26
Proprietors
51
Loew's Inc
27
23
Loft Incorperated
211
37
Mack Truck Inc.
28
80*
Martin, Glen L
30%
Board of Directors: H. V. Wilkinson, Esq.,
951
McKesson & Robbins, pf4.
.30)
342
Montgomery Ward
301
11*"
Mtain City Copper Co.
31
15
National Aviation
104
J. K. Bousfeld, Esq.,
151
Nat. Dairy Products
138
A. H. Compton, Esq.,
18
National Distillers
201
Hon. Mr. 8. H. Dodwell,
ALOE STAR
71
National Lead
178
G. Miskin, Esq.
AMRITSAR
•
131
Nat, Power & Light
81
K. S. Morrison, Esq.,
BANGKOK
ILOILO
SAIGON
43
National Supply Corp.
6
Hon. Mr. T. E. Pearce,
BATAVIA
IPOH
SEREMBAN
13"
New York Cential
141
O. C. Roberts, Esq...
1631
Niagara. Hudson Power
5
721
N. American Aviation
164
North American Co.
201
239
Northern Pacifc
7.
Branches:
17
Owens-Illinois Glass Co.
534
Aviation Corp.
41
Pacific Gas & Elec
291
Amoy
Johore
Baldwin Lecometive Baltimore & ̈ Ohlo'
162
Packard Motors
34
Bangkok
Kobe
Rangoon Saigon
Pan-American Airways
-151
Batavia
Kowlma San
Hoa. Mt. A L Shield, Sir Vandeleur M. Grayburn, ⠀
Chief Manager.
BOMBAY
CALCUTTA, KLANO AGENCIES: FORT
CE STREET KUALA
FAIRLIN PLACE CANTON
CAWNFORE
LUMPUR
KUCHING
MADZAJ
BITLLWAN BQURABAYA TAINING TIENTS 18. TONGKAN
„(Bhuket).
TRINOTAQ,
KABACH
SHANGHAL
BINGAPOR
CBD... COLOMBO
MANILA
MEDAN DELEI. :..
94.
| Paramount Pictures
81
Bombay
FD
the
European peace
__Calcutta
8
Pennsylvania R.R.
231
Canton
London
Bendix Aviation
31.
Philadelphia Read, Coal
Chefoo
Bethlehem Steel
84
Phillips Petroleum
371
Colombo
"Blikks & Co.
14
Public Service of NJ,
323
Dairen
Boeing Airplane Co.
16
Pullman Inc........
263
Foochow
Malacca
Sungei
Manila
Patani Swatow
Borg-Warner
201
Pure Of
67
Briggs Mig.
231
Radio Corpn. of Am.
47
Bankow
Harbin
Budd M'facturing Corp.
41
Reading Company,
Com
15*
Iloilo
Canadian Pacific R'way
34*
Remington Arms Co., Inc.
51*
NEW YORK
COMMODITY MARKET (REUTER'S SERVICE)
Ipoh
Case, J.
54"
Republie Aviation Corp.
51*
Celanese
27
Republic Steel
191
Chesapeake & Ohio
41
Revere Corp...
113
87
621 12.68
60%
12.55
Prev, Today's 9.57 9.54 9.55 9.54 .01. off 20.36 20.38 20:40 20.30b 10 off 841 801 B41 21 off 621 601 11 off 12.50b 12.56 :08 up
Chrysler Corpn.
812
Reynold Tabac. "B"
347
Columbia Gas & Mec Commercial Credit Co Com, & Southern (Ord.) Consolidated Edison
B
Safeway Stores
43*
304
Schenley Distillers
101
14
Sears Roebuck
78
264
Shell Union Of
BI
NEW YORK · COTTON.
1/4
MARKET Quiet. U.S. Dollars were a shade steadler.
کم
Close
Dec (New contract)... 9.55/56. January March May
Opening
Closing
Change
Consolidated on -Continental Gan
52
Socony-Vacunam Oll
77
Atso up to date, SA DEPOSIT Boxes in various sizes To La Hong Kong, 28th February, 1940.
381
Southern Pacific
82
Continental Oll
184
Southern Rly $5 pid. ......
211
KualaFrancisca.
Lumpur Shanghai SHANKOW
Singapore
PIPING
(Pekunt
Lypas Sourabaya EUBE.GN EXCHANGE and
Muar
Haiphong (Jobore) Tientsin
Mukden Tokyo
New York Tsingtao
Peiping Yokohams
Penang
Banking Businesa transactad.
CURRENT ACCOUærs opened, and FIXED DEPOSITs received for One Year or shorter periods in Local of Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also openei in Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCE and FIXED BITS on application.
received for one year or shorter The Bank's Head Offoe in London periods in Local, and other Cur undertakes. Executor, and Trustes rencies. on terms which will be business, and claims recovery of
quoted on application.
British Income Tax gverpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
RALPHONG
NEW YORK
TOKOHAM
HAMBURO
9.57/57
9.54/55
,01 off
Copperweld Steel
201
Spicer Manufacturing Co
33 -
9.47 N
unquoted 9.45n
-02-off
Curtiss-Wright-(C:)-
JL.
Standard-Brands
7
9.54/54
9.53/53
9.52/52
02 off
Curtiss Wright "A"
271
Stand Gas & Elec.
}
9.44 N
9.43/43
9.42/42
02 of
Deere & Co.
204
Standard Oil of California. 18)
STERLING
July
9.26/26
9.26/26
9.24/25
02 "of
Distillers Corpn. Seagrams
171
Standard Oll of NJ.
34
"
There were sellers at 1/2.31/32 October/December. buyers at 1/3 for Cash.
Oct.
8.85 N.
8.84/84
Spot
9.60 N
8.84/84 9.59n
.01 of
Douglas Aircraft
85+
Stone & Webster
87
.01 off
Du Pont de Nemours ......
171.
Studebaker Com
87
U.S. DOLLARS'
NEW December January March May
Total sales Friday:-63,900 bales.
YORK RUBBER
Eagle Picher Lead
91
Swift International
18
Eaton Mfg. Co.
344
Elec. Autolite
20.40/40 20.20b 19.93/93 19.756/82a
-20.30b, '40a
unquoted
19.85b/96a
20.30b 20.10b 19.94/94 19.656/82a 19.75b
10 off
Elec Bond & Share
.10 off
Elec. Bond & Share $5 pf.
.01 up
Elec. Bond & Share $6 pr.
unch.
Elec. Power & Light $7 pr.
at
Pintkote
The market closed
Total sales:-550 tons. CHICAGO WHEAT
Gen. American Trans.
Gen Electric
Gen. Motors
December May
861/861 .85/851
861/87 854/851
..844/841 834/83
.21 off
Gen. Rallway Signal
2 of
Gen. Tire & Rubber
Friday's sales:-12,248,000 bushels. CHICAGO COBN
December
Glidden Co.
Goodrich (BF.)
Goodrich $5 pf.
621/621 621/621 .......... 627/623
WINNIPEG. WHEAT
October
60/60
11 off
Goodyear Tire & Co.
63/631
612/612
· 11 off
Great Northern Iron Ore ..
Great Northern Rly, pid.
Great Western Sugar
701b
-701-708
701b
-of
Greyhound Corpn.
Hercules Powder Co
Homestake Mining
12.50b 12,80b/68a 12.56/58 12.13b/15a 12.229/35a 12.23/24 Total sales for the day:43 contracts. NY Official Silver 34-3/4 NY-London Cross Rate 4.03-1/4
.00 UD
Int Nickel ww
10 up
Inter. Paper & Power Int, Tel, & Tel.
Kentecott Copper
unquoted 4.03-1/4,
Lakey Foundry.& Mac.
Libbey-Owens-Ford Glass Lockheed Aircraft
A small transaction was report ed at 23.1/4 for Cash. The Market closed with sellers at 23.3/16 for Cash, buyers at 23.1/4 for Cash.
SHANGHAI DOLLARS
done WES business Some 385.1/2. 384.3/4-and also 383.1/2. with sellers
at 382, buyers at 383.`
SHANGHAI MARKET Sellers of Sterling for Spot were quoted at the opening at 3.27/32 noon with and closed steady at sellers at 3.57/84 for Spot. U.8. Dollars were quoted at the open-May ing at 5.15/16 and closed steady with sellers at 6.1/32 for Spot
AFTERNOON MARKET
The market was quiet in the NEW YORK HIDES
December March
afternocr.
STERLING Closed with sellers at 1/2.31/32 October/December, buyers' at 1/3 for Cash.
U, S. DOLLARS Closed with sellers at 23.3/18 for Cash, buyers at 23:1/4 for Cash.
SHANGHAI DOLLARS
There were sellers at the open- ing at 370 and at the close sellers
were quoted at 377.
SHANGHAI MARKET
LONDON STOCK EXCHANGE
(REUTER'S SERVICE).
London, October 25. Tientsin-Pukow Rly. 6%
中
8
(Brit. Stpd. SupL, Loan) 8 The following quotations are the| Firm in the afternoon. Opened middle prices at the close of the Tientsin-Pukow Fly. 6% with sellers of Sterling at 3.59/64 market in London. All quotations (Ger. Stpd, Supl Loan) and at the close sellers were quote subject to confirmation and no Jap. 6% Ster. Loan, 1824 ed at 3.31/32 for Spot, US. Dollars responsibility is assumed for errors Ger. 7% Intl Loan, 1824 53 opened at 6.3/32 and closed with In transmission. sellers at 6.1/8 for Spot.
Shanghai Exchange
Shanghai, Oct. 28 (Reuter).
Öfficial T.T. Rates
Opening 0/3-11/16- 5-5/8 23-7/8 20-3/8 N 24-1/2
London New York
Japan
India".
Hongkong
Sliver Duty Rate
The Central Bank of China's rate on London at 10 am. today was 1/2-1/2d.
The Equalisation rate was 241
per gent.
Spot
Oct. Nov.
Spot
Oct.
Nov.
Sterliti
Aellers
Closing Opening 0/3-27/32 .0/3-31/32 0/3-37/82 0/3-31/32 0/3-53/640/3-31/12
U.S. "Dollars
35-15716 $8-178 5-15/16 6-1/8 6-1/8 5-15/16
Market:-Steady..
1898 (Brit. Issued..... Chinese 5% Gold Bonds,
1925-47 ...
1912 Chinese 5% Reorg, Loan,
1913 (Lam. Is.)
༤ སྣ་ཐ
Pekin Syndicate.
DOW JONES AVERAGE
1940
High Low Dow Jones Averages 152.80 111.84 30
32.67.22.15 20
26.45 18.03 20
29.57 22.27
08-up
:: 22.69 22.38 27.52
89,58
84.07.48.74 11 Commodity Index
55.56
25 up 89.98 .08.up 63.10' .46 off
Business Doné:-420,000 shares
Industriala Rails Utilities 90.81 83.06 -40 Bonds
Change
Oct. 27, 1940. Oct. 25, High Low Close
131161347, 181.48 139.26 1.10 up
28,73 28.60 28.58
D. M. BIGGAR
Second Vice Presal
A job?
WANT ADS
INDO-CHINA
STEAMENAVIGATION COMPANY LTD:
15/- » Operating Services for Cargo and Passengers
TOL
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
RDINE MATHESON& C TELEPHONE ZOŽIL · GENERAL MANAGERS..nt a
Every description of Banking and Exchange business transacted. Loans granted on approved accurities, i Current Accounts opened in Loos! Currency and Fixed Deposita re ceived for one year or shorter periods in Local and Foreign:Cur rencies on terms which will be quoted on applicatione zejz SAFE LEPOSIT Boxes To LET,
KAN TONG PO,,. Chief Manager.
SANR OF CHINA
24
Specially Chartered by yo THE NATIONAL GOVERNMENT
OF CHINA AS AN.. INTERNATIONAL EXCHANGE
in hems
BANK
PAID-UP CAPITAL 840,000,000.00
(BRANCHES ALL OVER, OKINA). Owing to our numerous Branches in, China and connections in the principal Commercial Centres of ihe World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange,
HORN BLA
Hendy
Office: SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, 0. South China Officer:
CANTON
BWATOW
SHIUCHOW
KONGMOON TOISHAN SA KINGCHOW
We also handle the issue of Bonds and other. Publio Fundi of the Chinese Government both at Home sad Abroad.
SHOU J. CHEN,
£
War Loan..31% (Red
10117 after 1952) Canton-Kloon Rly, 5% 6 Chinese 44% Gold Loan
Chartered Bank HK. & Shai Bank (Lan.
Reg.) H.K. & Sha! Bank (Col.
Reg) Chinese Eng. & Mining
(bearer)
82
87
14/-
Chosen Corporation
4/-
21-
35
B'hai Elec. Constr. Co.
Chin. 44% Anglo-French
Loan, 1908 Chinese 5% Crisp Loart:
S'hal Waterworks "&"
...13
44
Union Insurance ........
20
trala Kalumpang Rubber 13/9
12
B-A, Tob., (bearer)
82/6
Mercantile ank
18
Dunlop Rubber
101 30
Bristol Aeroplane
9/104
Imperial. Chemical Ind. 27/71
United Steel
19/6
41
Woolworths
57/14
10
Maraman Investments
7/0.
Hukuang Rly 5%, 1911...
Western Holdings
9/3..
(LP. N/Y, Issue)
18
Sub-Nigel
157/6
Shell Trans, & Trad.
(bearer)
Nat Defence Bonds, 3% London-Midlands-Scot-
tish, 3%
35 1014
131*
331 251
Chinese 8% Ster. Notes,
1025 (Vickers).
Chin. Imperial Rly. 5%
Loan
Honan Rly, 5%.
Hukuang Rly 5%, 1911
(German Issue) Sung Thing D. Hal
Rly 5% 1013 S'hai-N'King Rly. 5%.... Tientsin-Pukow Rly, 5%
(Brit. Stpd.) Tientsin-Pakow Rly, 5%
(German Bipd)
ས 。
Great Western Rall-
way, 3%... Nat Bank of India: 0%
*-bid.
please apply to-
Technicolor
91
362
Texas Corpn.
35
61.
Texes Gulf Sulphur
344
64*
Timken-Axle
29?
731
Trans-America Co. ....
.5
401
20th Cent. Fox.
6
163
Union Bag & Paper Corp.
12
491
Union Carbide & Carbon
742
35
Union Pacific
81
501
United Aircraft
394
18
United Airlines Trans
183
121
United Corpn
2
14#
United Corpn. $3 cum pt. 331
131
United Gas Corpn.........
1+
571"
United Gas Improvement: 11
171
U.S., Industrual Alcohol
221
151
0.8. Rubber
221
281
US. Rubber $8 pfd,
79+
Interest Rates on Application.
191
U.S. Smelting
607
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.
7. M. GRAYBURN,
Chief Manager. Hong Kong, 15th Feb., 1839,
15,
THE CHASE BANK 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.
BANK OF EAST ASIA, LIMITED
"
Authorised Capital.....$10,000,000.0 Paid Up Capital Reserva and Undivided
Profia
5,599,800.00
2,253,281. Head Office: HONG KONG No. 10 Des Voeux Road, Central. Board of Directora:
81E SHOпBox Cнow, Chairman Li Koòn Chan, Esq. Li Lan mag, Esq F.K. Kwok, Esq, Wong Chu Son, Baq. Wong Tun Tong, Esq. Kan Ting Po, Lag Chau Chig Shot, Esq. Fung Ping Wah Esq KAN TONG FO, Esq., Chief Manager Li Te FONG, Esq., Manager
Branches and Agencies:
Penang Bengtson
Blagapore Bourabaya
Manila, zwinigan - Bustaw Melbourne Ben Fran Syksy
19
Almiy
KO-PLOCK
Batarta
London
Bonimy
Olentz
117
U.S. Steel
641
SAFE DEPOSIT. BOXES.
Halgbang
HADOW
75+
Vanadium
35
Honolulu
Hew York destile Parly
couver
48
Vultee Aircraft .....................
77*
281
Walworth Co.
510
16
Warner Bros. Pict.
17*
Westinghouse Elec,
108
This Bank is entirely owned-b} |Sobe
THE CHASE NATIONAL BANK Naw Yoax, with Bescurcas of or U.8.$2,900,000,000.
Pelping
Bemarang Shanghai
33
Woodward Iron Cor.
301
4.
45
Chase National Bank National City Bank
*27*
271"