Adama Express
370
COMMODITY MARKET
REVIEW
Alleghany Steel Co.
Allis Chalmers
(FROM PAYNE & CO.)
52 3/4
Aluminium Ltd. .....................................
Amer. Can
NEW YORK, November 2, 1940.
105
Previous
Nov. 2
American Cyanamid B.
SINGAPORE RUBBER
Amer. & Foreign Power
Amer
Transfer.
& Foreign $7 pt.
182 1/2
Amer: Locomotive
SPOT
38-7/8
.
JAN.-MARCH
37 cts.
Market closed
Amer. Metals Co...
APRIL-JUNE
35-1/8
Amer: Radiator
Amer, Rolling Mill
LONDON RUBBER
Previous close. Today's close
Amer. B'ting and Ring Co.
- On demand.........
On. Parties.
42 3/8
buyers
buyers
Change
Amer, Sugar Refining
99
On-Manila:-
On demand .....
45 1/2
On Bangkok:--
On demand
149 1/2.
On Sterling Notes:-
Bank Buying Rate Bar Silver per 02. ............
Now.
23 1/2
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
On Saigon:-
On demand ......
JANUARY,
SPOT DECEMBER
11-3/4.
Amer. Tel
Tel
11-13/18
(Amer. Tobacco. “B”
11-7/8
Market closed
Amer, Waterworks
FEBRUARY
11-15/6 11-13/16
Anaconde' Copper
Atchison, T. & S. Fe,
Aviation Corp. ......... Baldwin Lecometive Baltimore & Ohto
Barber Asphalt Co. Barnsdall Of
Bethlehem Steel
Blias & Co.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS.
NOVEMBER 2, 1940. -
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai:
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:--
Telegraphic
and demand
On New York:-
Bank Billa, on demand 22 3/4
Credlis, 60 days' sight 23-5/8
On, Batavia:-
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE
BUILDING
HONGKONG
Close Opening Closing Change buyers buyers
NEW YORK STOCK EXCHANGE
STOCKS
APRIL-JUNE
NEW YORK COTTON: Trade shorts were good buyers of near
positions Textiles markets were firm and active.
CHICAGO WHEAT: The undertone was firm. Trading was mo- derate, with some disposition to await the outcome of the elec- tion on November 5.
-i
NEW YORK STOCKS: Previous close, 184.41; Today's close, 134.85;
Chage, up 44.
Bendix Aviation
QUOTATION (REUTER'S "SERVICE) NOVEMBER 3, 1940.
MONDAY, NOVEMBER 4, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
AuthorisedCapital... $80,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 incorporated by Royal Charter, isas
Reserve Funds:
Paid-Up Capital Sterling... £ 6,600,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
£3,000,000 £5,000,000
prietors
*...£3,000,000
HEAD OFFICE: LONDON:
Chairman.
39, Bishopsgata 5.0.2 Sub-Agencies In London:* 117/199 Leadenhall Street, B.C.B West End Branch: 14/18, Cookspur Street, S.WI Manchester Branch; 32, Mosley Street, Manchester, 1
ALDE STAM
PINANG
AGENCIES AND BRANCHES.
HARBIN HONG TOEI MOTLA
BATAVIA BOMBAY
AMRITSAR
LATGXOX
RANGOON BLIOON
IPOH
BREEKBAR
KARACHI,
SHANGHAI
CALCUTTA ELANO
SINGAPORE
BITIAWAN
SOURADATA
Hon. Mr. A L Shields,.. Sir Vandeleur M. Grayburn,
Chief Manager.
AGENCIES: OLITE STEENT FALERIE PRACH CANTON
KOSE
KUALA
LUYFUE TAIPING KUCHING.......... FIENTS18
MADBAN
TONGKAN
(Bhuket)
THINOTAG
YOKOHAMA
Last Sale!
STOCKS
Last Sale
Proprietors...
.$90,000,000
Nov. 2
Nov. 2
61
Loew's Inc.
247
Loft Incorperated.
274 201
Head Office:-HONG KONG
378
Mack Truck Ine.
29
80*
Martin, Glen L
334
Board of Directors: H. V. Wilkinson, Esq.,
931
McKesson & Robbins, pfd. 291
361
Montgomery Ward
39)
13
M'tain City Copper Co."
31
Hoa. Mr. J. J. Paterson,
Deputy Chairman.
151
National Aviation
11
J. K. Bousfeld, Esq.,
16
Nat, Dairy Products
131
A. H. Compton, Esq.,'
17+
National Distillers
201
Hon. Mr. S. H. Dodwell,
73
National Lead
181
G. Miskin, Esq..
184
Nat, Power & Light
81
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
434.
National Supply Corp...
B1
0. C. Roberts, Esq.,
14
New York Cential
15
1657
Niagara-Hudson Power
743
N. American Aviation
178
101
North American Co.
211
25
Northern Pacific
གཏྠཾ
Branches:
CAWNPORE
171
Owens-Blinois Glass Co,
51
51
Pacific Gas & Elec
-291
Amoy
Jokore
174.
-Packard Motors
Bangkok
Kobe
34
Rangoon Saigon
CEBU
COLOMBO
MANILA
DELKI
MIDAN
Batavia
Kowloon San
4
Pan-American Airways..
16
Bombay
Kusia
HAIPHONG
Francisco
101*
Paramount Pictures
81
HAMBURG
NAW TURK PRIPING
Calcutta
Lumpur Shanghai
91
Pennsylvania PR
24
Canton
London
Singapore
331
Philadelphia Read, Goal
Chafoo Lyons
881
Phillips Petroleum
38
Colombo Malacca
Sungei
141
Publie Service of N.J
341
Dairens
"Manila
at January
March
Market Report
FROM ROZA BROS,
Saturday, November 2 The price for Ready Silver was unchanged yesterday at 23.1/2
(REUTER'S SERVICE)..
but the Forward rate dropped New York Cotton. Dec. 1/16 to 23.7·16. Suver advices New York Rubber, Dec. reported a small business done. Chicago Wheat, Dec. The market was steady but quiet.Chicago Corn, Dec. American Silver was quoted at New York Hides, Dec, 34.3/4 for Spot.
NEW YORK COTTON"
The London/New York cross. rate was quoted at 402.1/2. New Dec. (New contract)... 9.55/50 York London
quoted was 403,3/4-
Boeing Airplane Co.
171
Pullman Ine...
27
Foodhow Muar
Patani Swatow
NEW YORK
COMMODITY MARKET
Borg-Warner
201
Pure Oil
8
Haiphong
Bankow
Briggs Mfg.
247
Radio Corpn. of Am.
51
Harbin
Budd M'facturing Corp.
5
Reading Company,
.Com
14*
Iloilo
(Jobore) Tientsin Mukden Tokyo New York Tsingtao Peiping
Canadian Pacifc Rway
31
Remington Arms Co., Inc.
57*
Ipoh'
High 9.82
Low.
9.57 9.55
Frey, Today's
Close Close Change
Case, JI
53
| Republic Aviation Corp.
Celanese
271
Repubile Steel
213
841
693
834 .591 12.47 12.45
9.60 .05 up 20.35b 20.30b .05 off
84
Chesapeake & Ohio........
42)
Revere Corp.
12+
Chrysler Corpn.
83}
Reynold. Tobac. "B"
35+
837 t of
Columbia Gas & Elec.
6+
Safeway Stores
421
592
591 1. up
Commercial Credit Co.
32
Schenley Distillera
101"
12:50
12.45b .05 of
Com, & Southern (Ord.)
.1+
Sears Roebuck
791
Close
Opening 9.58/58
..)
9.47 N
unquoted
(
9.55/55
19.57/58.
Closing 9.60/60 9.50n 9.53/58
Change
Consolidated Edison
284
Shell Union Ol
10+
".05 up
Consolidated Oll
6
Socony-Vacunum Oll
81
.03 up
Continental Cen
38
Southern Pacific
03 up
Continental Oil
182
Southern Rly, $5 pfd.
22
..
MARKET
Quiet,
May July
{ .. }
9.45/45
9.47/47
9.49/49
04 up
Copperweld Steel
201
Spicer Manufacturing Co. 33
("}
9.25/25
9.27/27
9.30/30
קט 05.
Curtiss Wright (C)
81
Standard Brands
67
October
( }
8.77/77,
8.79/79
8.80/80
.03 up
Curtiss Wright “A”
9.57 N
9.63TL
.06 up
Deere & Co.
Distillers Corpn. Seagrams
Total sales Friday:--86,300 bales. NEW YORK RUBBER December January March May
Douglas Aircraft
Du Pont de Nemours
20.35b
20.40a
20.10b
19.05b 19.82b
20.30b/39a 05 off unquoted 20.056
.05 -off 19.85/20.00a 19.98b/20.00 .03 up unquoted 19.75b/80a 07 off
Eagle Picher Lead
Eaton Mfg. Co.
Elec, Autolite
Elec. Bond & Share.......... Elec, Bond & Share 35 pl.
Elee Bond & Share $8 pl.
Elec. Power & Light $7 pi.
84/841 84/837 831/831 831/831
84/831 832/831
i off
Fluxit
up
Gen, American Trana,
Gen. Electric
Gen. Motors
Gen, Rallway Signal
+591/591 59/591
601/607
591/597
up
Gen. Tire & Rubber
618/61
61/61
קנו
Glidden Co.
WINNIPEG WHEAT
Goodrich (B.F.)
Goodrich $5 pf..
71 a
71ja
unch.
Goodyear Tire & Oọ.
Great Northern Iron Ore ́ ́..
December March
12.50/50 12.25/25
.05 aff .04 of
Great Northern. Rly, pfa,
Great Western Sugar
Greyhound Corpn.
Hercules Powder Co.
Homestake Mining
Int Nickel
.0/3-13/16 5-7/8
25
21-1/8 N 25-1/4
STEELING
There were sellers at 1/2.31/32 | Spot November/January, buyers at 13 for Cash.
·U.S. DOLLARS Sellers were quoted at 23.3/16 for Cash and 23.1/4 for Forward, buyers at 23.5/16 for Cash. ;
Total sales:-N11. CHICAGO WHEAT
December May
SHANGHAI DOLLARS Business was arranged early in the morning at 379.1:2 and also 380.. The market closed with sellers at 380, buyers at 381.1/2.
SHANGHAI MARKET
Friday's sales:-9,280,000 bushels, Sterling opened with sellers fcr Spot at 3.61/64 and towards the CHICAGO CORN
close the market
wwg a
shade December easier with sellers at 3.59/64 for May
U. S. Dollars sellers were quoted at the opening at 6.1/8 for
Spot.
Spot. Subsequently the rate rose December.....
to 6.5/32 and at the close sellers NEW YORK HIDES were quoted at 6.3/32 for Spot.
Shanghai Exchange
Shanghal, Nov, 2 (Reuter).
Official T.T. Bates
London
New York
Japan India
Hongkong
Sterling
Opening
Selle#3
Opening Closing 0/3-81/64 0/3-59/84 0/3-81/64 0/3-59/64 0/3-15/16 0/3-29/32
U.S. Dollars
Calcutta Exchaner
12.45b/64a 12.456 12.30b/35a
12.21b Total sales for the day:-23 contracts.
34-3/4 NY official Silver
NY-London Cross Rate 4.03-3/4
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
unquoted 4.03-3/4-
LONDON METALS
EXCHANGE
London, Nov. 1 (Reuter). Tin, Standard, Cash, Middle Price, 2258-1/8.
Tin, Standard, 3 months, Middle
259-7/8.
~London, Nov. 1. The following quotations are the middle prices at the close of the Price, market in London. All quotations are subject to confirmation and no responsibility is assumed for errors In transmission.
2
Market easier.
Inter. Paper & Power Int, Tel: * Tel.:...... Kerinecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford Glass 44j Lockheed Aircraft
1940
30+
DOW JONES AVERAGE
Bigh Low Dow Jones Averages 16280 111:84 30 Industrials
32.67 22.16 20 Rails
Nov. 2, 1940. Nor. 1, High Low Close
134.41
135.03 123.94 134,85
NEM
28.45 18.03.20 Utilities
90.01 83,00 40-Bonds
64.07 48 47 11 Commodity Index
28,33
34!* 281*
Change
4f up
2934 29.10 29.23.10 off
53 20 23.45 23.15 23:44"
90.23
$5.08
.15 up
90.20 .03 off
65.14 06.up
Business Dote:--470,000 shares
This Bank in entirely owned 'by | Kode"
Так GEABE NATIONAL BANK, NEW YORK, with Ramonrows of of U.8.$2,100,000,000,
D. M. BIGGAR,
Second Vios Prez
A job?
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Fassengéra
"Spot
Nov Dec.
Spot
Nov.
· Dec.
$6-1/8 $6-3/32
8-1/8 6-3/32 Market:-Uncertain.
6-3/32 6-1/16
War Loan, 34% (Red,
after 1952) Canton-Kloon Rly. 5% B Chinese. 44% Gold Loan
1011
Jap. 6% ater. Lozi, 1924. 21 Ger, 7% Intl. Loan, 1924 5. Chartered Bank HK. & 8'hat Bank (Lan
Reg.)..........
67
82
Calcutta, Nov. 2 (Reuter).. T.T. on Japan, 81-1/4.
1898 (Brit, Issue Chinese 5% Gold Bonds. *
1925-47
30
HK & Shai Bank (Col.
Reg)
24
Chin. 44% Anglo-French
Loan, 1908
Chinese Eng" & Mining
(bearer)...
147-
244
Chosen Corporation
41-
Chinese 5% Crisp Lean.
Pekin Syndicate.....
2/
1912
12
B'hai Elec, Constr. Ca...
15/
Chinese 5% Reorg, Loan.
1913 (Ldn. Is).
8’hal Waterworks -“A”
181
18
Union Insurance
20
TO-
Chinese 8% Bter, Notes,
1925 (Vickers)
Chin. Imperial Kly, 5%
Loan
41
Gula Kalumpong Rubber 13/9 B-A, Tob, (bearer) 83/11 Mercantile sanki... 101 Dunlop Rubber
30/3
Honan Bly 5% munu
∙10
Hukuang Rig 5%, 1911...
(LP. N/Y Issue) Hukuang Rly 8%, 1911
(German Igne)
Bristol Aeroplane 9/71 Imperial Chemical Ind. 27/4) United Steel........
Woolworths
19/104 57/6
10.
Maruman Liveatments 7/8
the Roosevelt J
iz
Western Holdings.
--8/9
the French Conors
Sub-Nigel ***
.157/8
Shanghai, where pas
and cargo are landed,
Thell Trans. Trad.
(bearer)
34/44
Nat Defence Bonda, 3% 1011 London-Midlands-Scot-
For further particulars
please syply tom
tish 3%
131
Great Western Rail-
321
H.K. STOCK EXCHANGE
Market was dull.
BUYERS
Union Ins: $987). Provident, $4.40 Lands, $30.25.
Yaumati Ferries. $22.25.
Electrics (Old),' $36.75. Electries (New), $38.50
Telephones, $23. Cements; $15.75: Ropes, $8.10. Watsons, 48.00, .... Entertainments, $6.50.
SELLERA Yaumati Ferries, $22. Cements, $18. Ropes, $6.35.-- Wasons, *$9.20
Douglases, $130.
...SALES
Lung Trinh từ 0. Hạt
Rl75% 1913 S'hai-N'King Bly. 5% é 12 Tientsin-Pukow Rly 5%
Brit. Stpd.) kitimas· 8 Tientsin-Pukow Rly, $% (Oerman Spd.)........... Tientsin-Puków Rly. 5%;
(Brit. Stpd. Bupi, Loan) Tientsin-Pukow Hly 5% (Ger.Stpd. Supl, Loan)
way, 3%
Nat Bank of India: 3% 20
bid,
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA ·
SINGAPORE, PENANG and· `CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth: alamgald
JARDINE MATHESON&Co. LTD. TEL PHONE EXOBILGENERAL MANAGERS
OPETER
Every description of Banking and Exchange business transacted. Löwas granted on approved securities.
Current Accounts epened in Local Currency and Fixed Deposita re- ceived for, one year or shorter periods in Local and Foreign Car- rencies on terms which will be
"quoted of application.
BAYE EXPOSIT Boxes To LET`·
KAN TONG PO,
Chief Hanager.
BANK OF CHINA
بین
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA ÁS 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 of the World, we are able to extend to our Clients special facilities for Tomestic and Foreign Banking and Exchange.
Head Omce--SHANGHAI
Hong Kong Branche:
4, QUEEN'S ROAD, C. South China Offices:
CANTON
SWATOW
-KONGMOON
TOISHAN SHIUCHOW KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government" both at Home und Abroad.
SHOU J. CHEN
Manager.
281
Stand Gas & Elec.
17
203
Standard Oll of California"
187
17
Standard Of of NJ.
35
891
Stone & Webster
91
170
Studebaker Com,
81
94
Swift International
187
357
Technicolor.
94
361
Texas Corpn.
378
02.
Texes Gulf Sulphur
35
651
Timken-Axle
264
721
Trans-America Co.
51
392
20th Cent, Fox.
6
171
Union Bag & Paper Corp., 124.
524
Union Carbide & Carbon
754
THE CHASE BANK.
353
Union Pacifie
זו.
823
514
United Airaraft
421
16
United Airlines Trans
191
41
121 United Corpn.
141
United Corpn. $3 cum 'pf.
34
137
United Gas Corpo.
17
60
United Gas Improvement
12
181
US, Industrual Alcohol, .....
921*
167
US. Rubber
221
281
US. Rubber 18 píd.
821
Interest Rates on Application.
201
US. Smelting
61.
111
U.S. Steel
697
SAFE" DEPOSIT BOXES
Penang
Sourabaya
Yokohama
HANKOW
(Peking)
FOREIGN EXCHANGE and General Banking Businem transacted.
CURRENT Accourts "opened - and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rate -- which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTA opened in interest allowed at rates obtainable LOCAL CURELNOY and Fixxi Divairs on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur undertakes Executor and Trustee rencies on terms which will be husiness, and claims recovery of quoted on application.
British Income Tax overpaid, op
Also up to date SA DEPOSIT terms which may be ascertained at Boxsa in various sizes To Lat.
any of the Agencies and Branches. Hong Kong. 28th February, 1940.
B. A. CAMIDGE,
Manager.
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 BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939,
18, QUEEN'S BOAD, CENTRAL
HEAD OFFICE:
18, PINK STREKT,
NEW YORK An American Bank offering com plate Foreign Banking Service in the principal Markets of the world.
BANK OF EAST ASIA, LIMITED
Authorised Capital...... $10,000,000.00 Paid-Up Capital, 5,598,000.00 Reserve and Undivided
Profits
....2, 983, 281.1#
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors: " SIE SHOPRON Caow, Chairman Li Koon Chm, Esj Li Lan Sang, Esq. P. E. Kwok, Fang. Wong Chu Sox, Esq. Wong Tan Tung, Esq. Kan Ting Po, ag Chan Ching Shox, Esq. Fang Ping Wah bag KAN TONG PO, Esq, Chief Manager Li Tan Fona, Esq., Manager
Branches and Agencies:--
Kavlogs Prane Blagspore Laudios Bangoon Bourabaya Manila Balon Bestow Melbourne San Fran. Sydney
cisco Tisatio
763
Vanadium
35+
Amoy Baix Bethey Baloutta
Halpbong
Hankow
How York Beattie
Honolulu
Parts
Pelping
Bernsrang Shangha
48+
Vulteé Aircraft
82*
253
| Walworth Co.
15
Warner Bros. Pict.
+27
ין
2
344
4
Westinghouse. Elec, Woodward Iron Cor. Chase National Bank |National City Bank
307
32