Adams Express
5
Alleghany Steel Co.
NEW YORK, Nov. 7, 1940.・・
Previous
Nov. 7
War Loan. 31% (Red,
afte 1952)
101-11/16 Janton-Kloon Rly. 5% 8" Chinese 41% Gold Loan
Allis Chalmers
Aluminiam Ltd. Amer. Can
American Cyanamid B.
SINGAPORE RUBBER
Close Opening Closing
Change
1898 (Brit. Issue)
32
Amer. & Foreign Power
buyers
buyers
Ś POT JAN.-MARCH
38-7/8
38-7/8
38-7/8
unch.
Chinese 5% Gold Bonds.
1925-47
Amer
& Foreign $7 pt....
35
Amer. Locomotive
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Nov, 7.
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.
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE) NOVEMBER 8, 1940.
SATURDAY, NOVEMBER 9. 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1838
£8,500,000 Reserve Fund
Paid-Up Capital
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
....£3,000,000
£3,000,00%
prietors
£3,000,000
HEAD OFFICE: LONDON:
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman, J. K. Bousfeld, Esq., 4. H. Compton, Esq.,
38, Bishopsgate E.0.2 Sub-Agencies In London: 117/192, Leadenhall Street, E.Ca West End Branch: 14/16, Cockspur Street, S.W: Manchester Branch;
02, Mosley Street, Manchester, L AGENCIES AND BRANCHES
BANKING CORPORATION
INDIA, AUSTRALIA -
AND CHINA
Authorised Capital. 860,000,000 "
Reserve Funda:
Sterling.....
Last Sale
Reserve Liability of
STOCKS
Last Sale
Nov. 7
Proprietors
..$20,000,000
Nov. 7
61
Loew's Inc.
294
251
Loft Incorporated
213
281
Mack Truck Inc.
29+
79
Martin, Glen L
347
Head Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
94
McKesson & Robbins, pid. 291
367
Montgomery Ward
41
11
M'tain City Copper Co.
34
151
National Aviation
114
167
Nat. Dairy Products
137
37-1/4
37-3, 8
37-3/8
„APRIL-JUNE
35-1/2 35-1/2 35-1/2
up 1/8 unch
Chin, 41% Anglo-French
Amer. Metala Co.
18+
National Distillers
203
Hon. Mr. S. H. Dodwell,
Loan, 1908
44
Amer. Radiator
73
National Lead
19
G. Miskin, Esq.,
ALOR STAR AMRITSAR
Chinese 5% Crisp Loan.
Amer. Rolling Mil
1841
Nat, Power & Light
K. S. Morrison, Esq.,
BANGIOT
&
The market was steady.
1912.
13
Amer, Sting and Ring Co.
187.
National Supply Corp.
71
C. C. Roberts, Esq.,
Hon. Mr. T. E. Pearce,
BOMBAY
BATAVIA
HARBIN DONA KONG ILOTIN ПРОВ
PENANG HANGOON
SAIGON
SEBEMBAK
LONDON RUBBER ..
Previous close Today's close
buyers
buyers
Change
Chinese 5 Reorg, Loan
1913 Ldn. 19.) ...
Amer, Sugar Refining......
171
New York Central .....
153
19
ག
Amer. Tel & Tel
167+
Niagara Hudson Power
4
6 POT
11-11/16
11-11/18
urch.
Chinese 8% Ster. Noter,
Amer: Tobacco "B"
73
N. American Aviation
181
DECEMBER
JANUARY
11-13/16
11-13/18
1925 (Vickers).
3
Amer. Waterworks
B
North American Co.
194
Hon. Mr. A. L. Shields; Sif Yandeleur M. Grayburn,
Chief Manager.
11-15/16
11-15/18
Chin. Imperial Rly. 5%
Anaconda Copper
279
Northern Pacifc'
73
Branches:
FEBRUARY
APRIL-JUNE
12
11-7/8
11-15/16
off 1/16
Loan
14
Atchison, T. & 6, Fe.
18
Owens-Ulinois Glass Co....
521
11-13/18
of 1/16
Honan Rly. 5%
10
Aviation Corp.
5)
Pacific Gas & Elec
291
Amoy
Jobure
New York Cotton, Dec. New York Rubber, Dec. Chicago, Wheat, Dec. Chicago Corn, Dec. New York Hides. Dec.
NEW YORK COTTON
12.30
The market was dull.
NEW YORK COTTON: Better domestic political news with infla- tionary implications attracted heavy short-covering. We think July eventually 10.75.
NEW YORK STOCKS: Previous close, 131.98: Today's close, 137.75;
Change, up 5.77,
NEW YORK COMMODITY
(REUTER'S SERVICE)
Prev. Today's
High Low Close Close Charige" 9.86 9.68. 9.689.82 14 up 20.62 -20.41 20.40 20.62b .22 up 873 81 34 $71 31 up 63 591 60 62
up 13.00 11.90
(German Stpd.) Tientsin-Pukow Rly. 5%
-(Brit.8tpd.Supl, Loan) 8 Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl. Loan) 8 Jap. 6% Ster, Loan, 1924 244 Ger, 7% Intl. Loan, 1924 5+ Chartered Bank
Hukuang Rly 5%, 1911..
Baldwin Lecometive
18%
Packard Motors
Bangkok
Kobe
31
DELHI
Batavia
Kowloon San
Rangoon Saigon
KARAGE KLANG
AGENCIES: RODE
CLAVE STREET FAIRLIN FLACK
CANTUN CAINFORE СЕГ COLOMO
KUALA
SHANGHAI
CALCUTTA
SINGAPORE
BITLAWAN
SOU GABAYA
LUMPOR
KUCHING
MADRAS
MANILA
TAIPING
TIENTTEIN
TONGIAM
(-Bhuket)
MEDAN
THINGTAO
(LP. N/Y Issue)
11
Baltimore & Oblo
4
Fan-American Airways
17
HAIPHONG
NEW YORK
TOXUHAMA
Houbay
Kuala
Francisco
Hukuang. Rly. 5%, 1913
Barber Asphalt Co.
11
Paramount Pictures
9+
Calcutta
Lumpur Shanghai
(German Issue)
10
Barnsdall Ou
103
"Fennsylvania R.R
25
Canton
London
Singapore
Lung Taing & U: Hal
Rly. 5% 1913
Bendix Aviation
35+.
Philadelphia Read, Coal
Obetoo
Lyons
8
Bethlehem Steel
93
Phillips Petroleum
381
Colombe
Malacca
Sungei
Dairen
Manila
hal-N'King Rly. 5% Tientsin-Pukow Rly. 5%
11
Buss Co.
16
Public Service of N.J.
321
Poochow
Musr
Swatow
Boeing Airplane Co,
177
Pullman Inc.....
271
Haiphong
(Johore)
Tientain
MARKET
(Brit. Stpd.)
Borg-Warner
214
Pure Of
81
Rankow
Malden
Tokya
Tientsin-Pukow" Rly. 5%
Briggs Mfg.
251
Radio Corpn. of Am,
5+
Harbin
New York
Budd Macturing Corp.
.51
Reading Company.
Com
144
Iloilo
Peiping
Tsingtao Yokohama
Canadian Pacific R'way..
31
Remington Arms Co., Inc.
6*
Ipoh
Penang
Case, J.I.
614.
Republic Aviation Corp.
54
Celanese
28
Republic Steel
23
CURRENT ACCOUNT opened
Chesapeake & Ohio
43
Revere Corp.
13
Chrysler Corpn.
B6A
Reynold Tobac. "B"
35
2
Columbia Gas & Elec.
51
Safeway Stores
423
rencies on
13.00
7-1/10
10. up
Commercial Credit Co.'
33+
Schenley Distillers
104
quoted on application.
Dec. (New contact)
Close 9.68/68
Opening
Closing
Change
H.K. & S'hal Bank (Ldn
Reg.)
Com, & Southern (Ord.)
1
Sears Roebuck
80+
64
Consolidated Edison
25**
Shell Union Oli
10
9.66/68
9.82/82
.14 up
H.K. & S'hai Bank (Col
Consolidated Ou
E
Secony-Vacunum Ofl
81
Box in various sizes To LET. Hong Kong. 28th February, 1940.
January
9.58/58
unquoted
9.72/72
.14 up
Reg
08
Continental Can
40%
Southern Pacific
91
Sourabays
Patani
PEIPING
(Peking)
FUREIGN EXCHANGE and General Banking Business transacted..
CURRENT ACCOUNTS 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 In interest allowed at rates obtainable
LOBAL CURRENCY and FIZED DEPOSITS or application. received for one year or shorter) The Bank's Head Office in London periods in Local and other Our undertakes Executor and Trustee terms which will be business, and claims recovery of British Income Tax overpaid, on
ALSO up to date SAFE DEPOSIT terms which may be ascertained at
any of the Agencies and Branches.
Manager.
RA. CAMIDGE,
HAMBURG HANKOW
"
March
9.67/67
9.65/65
9.82/83
מט 15. *
Chinese Eng. & Mining
*
Continental Oil
20
Southern Rly 35 pfd.
231
May
.}
9,50/60
9.58/53
9.76/76
.16 up
(bearer;
14/
Copperweld Steel
211
Spleer Manufacturing Co.
351
July
9.41/41
9.38/40
9.56/58
.15 up
Chosen Corporation
4/-
Curtiss Wright (C.)
91
Standard Brands
ཏྭཱ
October
..... 8.95/95
1.96/96
Spot
9.70 N
9.16/16 9.8in
21 up
Pekin Syndicate .......
2/-
Curtiss Wright "A"
297
Stand Gas & Elec.
18
.14 up
Shal Elec. Constr. Co.
15/-
Deere & Co.
21)
Standard Off of California
194
S'hal Waterworks "A"
13
Total sales Wednesday:-138,900 bales
NEW YORK RUBBER
Distillers Corpn. Seagrams
18
Standard CH C N.
354
Union Insurance
20
Douglas Aircraft ...
861†
Stone & Webster
81
Gula Kalumpong Rubber
13/9
Du Pont de Nemours
163
Studebaker Com,
81
B.-A. Tob. (bearer)
86/3
December
January
March
May
20.40/40 20.15b 19.95b/98a 20.00/00 19.80b - 19,95a
20.43/43 unquoted
20.62b 20.40b
22 up
Eagle Picher Lead
101
Swift International
191
Mercantile Bank
10-1/18
,25 up
Eaton Mfg. Co.
35+
Technicolor
10
Dunlop Rubber
30/9
20.22b 20.00b
27 up
Elec. Autolite
374
Texas Corpn.
40
Bristol Aeroplane.......
9/6
.20 up
Elec Bond & Share
51
Taxes Gulf Sulphur
351
Imperial Chemical Ind.
28/41
Total sales:-1,020 tons.
CHICAGO WHEAT
Elec, Bond & Share $5 pr.
84
Timken-Axle
291
United Steel
20/9
Elec. Bond & Share $8 pt.
71
Trans-America Co.
5
Woolworths
58/6
Elec. Power & Light $7 pt.
371
20th Cent. For
61
Marsman Investments.
7/6
December
841/84
84/847
871/871
Fintkote
17
31 up
Union Bag & Paper Corp.
13
Western Holdings
9/9
May
83/823
31/834 86/861
Gen. American Trans.
544
31 up
Union Carbide & Carbon 781
Sub-Nigel
161/3
July
-781/781
Gen. Electric
35%
73\/78)
81/81
Union Pacific
84
31 up
"hell
Trans & Trad.
Gen. Motors
541
United Aircraft
44"
Wednesday's sales:-unreceived.
(hearer)..
35/71
Gen. Rallway Signal
161
United Airlines Trans
181
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
CHICAGO CORN
Nat Defence Bonds...3%
102
Gen. Tire & Rubber
131
United Corpn.
11
London-Midlands-Scot-
December
60/80
Glidden. Co.
151
591/60
62/821
2
קני
tish, 3%
14
United Corpn. $3 cum pl."
33†
May.
6011802
Goodrich (B.F.)
50/00%
631/631
21. up
141
United Gas Corpa...
11
Great Western Rall-
Goodrich $5 pf.
59
United Gas Improvement
111
NEW YORK HIDES
way. 3%"
341
Goodyear Tire & Co.
187
U... Industrual Alcohol. ....
221
261
December
12.30/30
12.30/30
March
12.109/0
12.10/10
13.00/00- 12.856/86a
70 up
t-ex, dlv.
.35 up
Total sales for the day-502 lots.
NY Official Silver ... 34-3/4
34-3/4 4.04-1/2
G
BANK OF ENGLAND
LONDON, Nov. 7 (Reuter),
Public Deposite
NY-London Cross Rate 4.04
Nat Bank of India. 3%
*--bid.
LONDON STOCK EXCHANGE
LONDON, Nov. 8
(Reuter, -
WEEKLY RETURNS AND REPORTS The Stock Exchange was quieter
Other Deposits:
Bankers
Other Accounts Total
Oct. 31
Nov."7 (000's Omitted)
2 12,940
18,260
108,000
51,510 159,510
Goverment Securities
130,040
118,230 48,430 167,860 136,410
Other Securities:---
Discounts and' Advances
3,000
Becurities
23,280
Total
26,280
3,100 21,490 24.590
Notes and Coins
39,150
37,310
Total Bullion
Notes in circulation
Ratio of Reserve to Liabilities
Price of Gold at which holdings are valued..
720 691,570 22.02% 168/-
800 593,490
20.85% 168/-
yesterday but most sections main- tained a firm front. Coppers, ex- ceptionally, were weak following a reduction in the Rhokang divi. dend, but closed above the lowest.
Kaffirs were again the centre of attraction, registering substantial advances.
Git-edged were supported late. In the session while Japanese bonds strengthened and Argen. Lines and Brazilians were steady.
Wall Street was quiet.
Inter. Paper & Power Int. Tel. Tel.
Kenmecott Copper..... Lakey Foundry & Mac, Libbey-Owens-Ford Lockheed Aircraft
1940
DOW JONES AVERAGE
High Low Dow Jones Averages 152.80 111.84 30 Industrials
32.57 22.15 20 Rails 26.45 18.03 20 Utilities 20.61 83.06 40
Bond. $4.07 48.47 11
Nov. 6, 131.93
23.87
Nov. 8, 1940. High Low Close 133.13 131.98 137.75 29.94 28.82 29.94
Change 6.77 up
Babecribed Capital
Paid-up Capital
1.07 up
Reserve Fund and Best,'
21.51
29.94 91.58 22.12
.61 ap
Commodity Index
89.90
.90.55 .86 up 55.14
16.01 1.47 up Business Done:-2,080,000 shares
Bangkok
Bombay
Ipoh Jafon
ادر الماز
Calcutta
Xcantan
New York
Colombo
Handy
Penang
Dotti
Karachi
Razpo
F
Galle
Kota Bharu
Shangha
Hongkong Kinin Lipla
Shale
Howrah "Kuala Lumpur
Blogspore
Great Northern Iron Ore
181
U.A. Rubber
231
Interest Rates on Application.
Great Northern Rly, pfd,
30...
US. Rubber 3 ptą.
85
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG * SHANGHAI BANKING COR PORATION. Rules may be obtain ad on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
18, PINE STREST,
NEW YORK An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world.
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, 50
Head Office:--HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors: SIR SHOPSON CROW, Chairman Li Koon Chan, Esq. Li Lan Sang, E P. K. Kwok, Esq. Wong Chu Bon, E14- Wong Inn Tong, Esq. Kan Ting Po, Eag. Chan Ching Shok, Esq. Fung Flag Wah Eag KAN TONG PO, Esq., Chief Manager. Li Tax Fora, Esq., Manager
Branches and Agencies: - -
Azody Bateria Bombay Manila
Pinang
Blagapore
Bangvon Bourmony's
Saigon
Melbourne San Fran. By day
Kowloon London
Great Western Sugar
22
US. Smelting
634
SAFE DEPOSIT BOXES
Greyhound Corpn.
113
U.S. Steel
75
n
Hercules Powder Co.
784
Vanadium
381
Homestake Mining
54
Vultee Aircraft
9
.Int Nickel
28
Walworth Co.
16
Warner Bros. Pict.
31.
2+
Westinghouse Elec.
108
35
Woodward Tron Cor.
-341
4
Glass
44
Chase National Bank National City Bank
351* 29*
311
This Bank is entirely owned by
THI CHASE NATIONAL BANI "New York, with Resources of ove
·U.§.$2,900,000,000,
D. M. BIGGAR.
Second Pics Pr
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street,
+1 London, EC3
Authorised Capital
£3,000,000
£1,800,000
£1,050,000
£1,254,688
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 periods in Local and Foreign Car "rencies "on, terms which will be quoted on application.
SAFE CEPOSIT Boxes To LET
"KAN TONG PO,
Chief Manager.
Swabor
Caloctia
Haiphong
diana Tab
Hashow
New York
Seattle
CORVE
Hansielu Kabe
Party Pelplug
Bemarang Shangha
FEDERAL RESERVE SYSTEM NEW YORK, Nov. 7 (Reuter). Nov. 2 (1939)
$
INDO-CHINA
STEAM NAVIGATION COMPANY 176
Operating Services for Cargo and Fässengers
Oct. 31
Nov. 7
(000's Omitted)
3
TO-
Bills Bought
1,000
U.B. Securities held
2,765,000
Federal Reserve Ratio
85.69%
Federal Reserve Credit Outstanding.
Monetary Gold Stäcka
17,090,000 11,680,000
2,333,000 09.21% 2,381,000 21,489,000 8,193,000
2,327,000 90.32% 2,952,000. 31,581,000 8,151,000
LOANS
Industrial Advances.
BROKERS
New York, Nov. 7 (Reuter).. Loans on securities to brokers in
New York:~~- Week-ended
Week-ended
Week-ended 2/11/30 21/10/40 7/11/40 $472,000,000 $290,000,000 $326,000,000
LONDON GOLD
London, Nov. 7 (Reuter). Bar Gold, Fine per oz, 168/-
LONDON METALSTM
EXCHANGE
London. Nov. 7 (Reuter). Tin. Standard, Cash, Middle Price, £253-3/8.
Tin, Standard, 3 months, Middle Price, 2280-3/8.
Increase turnover due to bear covering in Cairo and some. British smelter selling of forward. Con sumer demand quiet.
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
BANDAKAN
HAIPHONG
All steamers borth alongside the Roosevelt Terminal in the French Concession at Shanghai, whero passengers and cargo are landed."
For further particulars
please apply tom
'BANKERS:
The Bank of England and Midiand
Bank, Ltd.
BRANCHES:
Kuals TrenggaRY
HONG KONG BRANCH: Every description of Banking, and Exchange hasiness transitad.
TRUSTEE, AND EXECUTORSHIP
17.
UNDERTAKEN CURRENT ACCOUNTS opened in Local Ou randy and FIXED DEPOSITS reared in Local Currency & STERLING on terms that may be andertalied on aplicaties.
D. BENSON,
What do
་་
Kasger
you want ?-
If there is anything you want to buy or sell,
try 2 Kmal Classified advertise- ment in the Hong- kong Daily Press.
JARDINE MATHESON&Co.,LTD.||25 words $1.50 prepaid
TELEPHONE ZOJII •GENERAL MANAGERS
for 3 insertions.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNAŢIONAL 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 Contros of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Offer:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
CANTONTM
SWATOW SHIUCHOW
KONGMOOM TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Publis Funds of the Chinese Government both at Home. and Abroad.
SHOU 7. CHEN, **
Manager.