PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
NOVEMBER 9. 1940.
On London-
Telegraphic "Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
NEW YORK STOCK EXCHANGE
QUOTATION (REUTER'S SERVICE) NOVEMBER 10, 1949.
MONDAY, NOVEMBER 11, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
»
AND CHINA
Authorised Capital... $50,000,000.
Issued & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 1839
Heserve Funda: 'Sterling
£6,500,000 Reserve Fund
Paid-Up Capital 3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of
prietors
..£3,000,000
£3,000,000)
HEAD OFFICE; LONDON:
STOCKS
List Sale
STOCKS
Last Sale
Nov. 9.
Nov. 9
Proprietors
$20,000,000
Adams Express
01
Loew's Inc.
292
Alleghany Steel Co.
251
Loft Incorperated
31.
Head Office:-HONG KONG
On demand
375
COMMODITY MARKET
REVIEW
Allis Chalmers
381
Mack Truck Inc.
397
On Singapore :~~-~-
Aluminium Ltd..........
802
Martin. Glen L
351
On demand
·(FROM PAYNE & CO.)
Amer. Can
941
McKessun & Robbins, pid.
281
Board of Directors: H. V. Wilkinson, Esq.,
62 3/+
On Japan:-
NEW YORK, November 9. 1940. '
American Cyanamid B.
361
Montgomery Ward
401
On demand
105
Previous
On India:-
SINGAPORE KUBBER
8 8 8 8 8 8 8
Telegraphic
and demand
Co New York:---
Transfer.
82 1/2
Nov. 9 Close Opening Closing buyers buyers
Amer. & Foreign Power
13
M'tain City Copper Co.
41
Hon. Mr. J. J. Paterson,
Change
Ather & Foreign $7 pf.
18
National Acistian
127
Amer. Locomotive
171
Nut. Dairy Products
141
SPOT
39-1/4 39-1/4 39-1/8
off 1/8
Amer, Metals Co.
201
National Distillers
211
Chairman.
Deputy Chairman, J. K. Bousfeld, Esq., A. H. Compton, Esq.,
JAN.-MARCH
37-7/8 37-7/8 37-3/4
Amer. Radiator
73.
National Lead
201
Hon. Mr. S. H. Dodwell,
Bank Bills, on demand 33. Credlis, 60 days' pight 23'7/8
APRIL-JUNE
36-1/8 36-1/8 36-1/4
Amer. Rolling Mil
183
Nat, Fower & Light ....
73
6. Miskin, Esq.,.
Amer, Sting and R’ing Co.
481
National Supply Corp.
K. 8. Morrison, Esq.,
On Batavis:-
On demand........... 43 On Paris:-
The market was quiet.
LONDON RUBBER
"Amer, Sugar Refining
187
New York Cential
154
Bank Bills, on demand Nom." Credits 4 months sight Nom.
SPOT
DECEMBER
11-13/10
Previous close Today's close
buyers
buyers 11-11/16
Market closed
Amer. Tell & Tel.
1671
Niagara Hudson Power
34
Change
Amer. Tobacco “B”
733
N. American Aviation
183
Amer. Waterworks
82
North American Co.
C. C. Roberts, Esq., Hon. Mr. A. L Shield, Sir Vandeleur M. Grayburn,
183
Anaconda Copper
.29
Northern Pacific
71
Hon. Mr. T. E. Pearce,
38, Bishopsgato E.0.2, Sub-Agencies In London:
117/182, Leadenhall Street, E.C.a West End Branch:
14/18, Cockspur Street, S.W! Manchester Branch;
32, Mosley Street, Manchester, 1. AGENCIES AND BRANCHES
HARDIN PENANG HƠN. TONG MANGOO
ALOR STAD AMRITSAR
BANGKOK
Ukiej Manager. FAIGLIA PLACE
ILOILO IPOH KARACHI KLANG
-HO KUALA
BATAVIA BOMBAY CALCUTTA
AGENCIES: CLATE STREET
BAIGON
*BEREMBAN
SHANGHAI
SINGAPOR
CANTON"
4
On. Saigon:
JANUARY
11-15/18
Atchison, T. & 8. Fe.
181
Owens-Ilinols Glass Có.
521
Branches:
On demand
100
FEBRUARY
11-15/18
Aviation Corp.
53
Pacific Gas & Elec
291
On Manila:-
On demand
On Bangkok:--
On demand
On Sterling Notes:---
Bank Buying Rata. Nom
45
149 1/2
Bar Silver per, of:
93 5/16
3/4.
MARKET
(NEW YORK COTTON
Close
9.85/86
January
{
9:75 N
Market Repor
FROM KOLA BRŪS,
APRIL-JUNE
NEW YORK COTTON: The market was firm. Demand was broad- ет. There was Improved enquiry in the good's market and sen- timent was more favourable.
I
NEW YORK RUBBER: There was increased interest in physicals.
Shipment offerings were light and at firm basis.
CHICAGO WHEAT: Prices continue firm and demand good because
of the firm cash position.
NEW YORK STOCKS: Previous close, 136.64: Today's close. 138.12;
Change, up 1.48.
Notice: All American and Canadian markets will remain closed
Silver prices dropped yesterday on Monday, Nov. 11 (Remembrance Day). to the extent of 1/8 for Ready and 1/16 for Forward, the quota- tions being 23.5/16 for both deliveries. Silver advices reported the market as being quiet. A Ameri- small busines, was done.
NEW YORK COMMODITY MARKET
can Silver was quoted at 34.3/4 for Spol.
The London-New York cross- rate was quoted at 402-1/2. New
(REUTER'S SERVICE)
New York Cotton. Dec.. New York Rubber, Dec. Chicago Wheat, Dec.. Chicago Corn, Dec.
York-London was quoted at 403-New York Hides, Dec.
Quiet, for Sterling US Dollars Dec. (New contract) were teadler.
Prev. Today's
Close Close Change 9.85 9,900 up 20.67b. 20.80 .13 up
Chrysler Corpn.
Columbla Gas & Elec, Commercial Credit Co.
Com, & Southern (Ord.) Consolidated Edison Consolidated Off Continental Can Continental Of
11-7/8
Baldwin Lecometive
187
Packard Motors
Amug
Jobore
31
Bangkok
Kobe
Rangoon Saigon
CAWNPORO CENU COLOMBO
SOU BABATA
LUMPCA
KUCHING
SINAWAN..
TAIPING
TIENTSIN
MADBAS
TONGEAB
MANILA
(Bhuket)
Baltimore & Ohio
42
Pan-American Airways
167
DELI
MEDAN
TRINGTAD
Batavia
Kowicon San
HAIPHONG
NEW YORK
TOKOBAN
Barber Asphalt Co.
11
Paramount Pictures
91
Bowbly
* Kuala
Francisco
BAMBURG
PRIPINO
Barnsdall Ou
101
Pennsylvania RR
242
Calcutta
Lumpur Shanghai
Bendix Aviation
344
Philadelphia Read, Coal
Canton
London
Singapore
Bethlehem Steel
921
Phillips Petroleum
Chafoo
381
Lyoun
Sourabaya
Colombo Malacen
Bilsst Co.
161
Public Service of NJ.
324
Sungei
Daire"
.. Manila
PETABI
Boeing Airplane Co
181
Pullman Inc..................................
3231
Foochun
Muar
Swatow
Borg-Warner
217
Pure Oll.....
81
Haiphong (Johore) Tientsin
Briggs Mfg.
261
Radio Corpn. of Am.
51
Bankow
Mukden.
Tokyo
Budd Maoturing Corp.
52.
Reading Company,
Com
144
Harbin
New York Tsingtao
Canadian Pacific Rway
34
Remington Amos Co., Inc.
Iloilo
Case, J.I.
813
Republic Aviation Corp."...
5#
Ipoh
Celanese
28+
¡Republic Steel
241
Chesapeake & Ohlo
421-
Revere Corp.
131
331
Reynold Tobac. "B"
.43
51
Safeway Stores
43
331
Schenley Distillers.
111
1 ·
Sears Roebuck
79
High Low 9.95 9.88
201
Shell Union 01
101"
Gi
Socony-Vacunum: Ofi
91
20,80 20.80
414
Southern Pacific
Boxes in various sites To Lat Hong Kong. 28th February. 1940.
91
887 871
871 881
621 813
621 821
up off
197
| Southern Rly $5 pfd.
232
Peiping Yokohama
Penang
(Peking)
FOREIGN EXCHANGE and Genera) Banking Business transacted.
CURRENT ACCOUNTS opened FIXED DEPOSIT received for One Year or shorter periods in Local or Uther Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
CURRENT ACQUÖNTS opened in interest allowed at rates obtainabla LOCAL CURRENCY and Fixô Durostrs 00 application. received for one year or shorter The Bank's Dead Office in London periods in Local and other Our undertakes Executor and Trustes rencies On terms
which will be business, and claims recovery of quoted on application.
British Income Tax beerpaid, on
ALSO up to date Sa DerosIT terms which may be ascertained at any of the Agencies and Branches."
B. A. CAMIDGE,
Manager.
HANKOW
and
Copperweld Steel
211
Spicer Manufacturing Co.
35
13.43 13.05
12.93b 13.20b 27 up.
Curtiss Wright (C.)
10
Standard Brands
61
Curtiss Wright "A".
294
Stand Gas & Elec.
1*
Opening *9.88/88
9.75b/79a
Closing 9.90/90 9:81n
Change
Deere & Co. .....
218.
Standard Off of California
20
05 up
Distillers Corpn. SeagramS
19
Standard OU 01 N.J.
36
.06 up
Douglas Aircraft
884
Stone & Webster
March
}
8.84/85
9.85/85
9.01/91
STERLING
-.07 up
Du Pont de Nemours.....
1701
Studebaker Com.
81
There were sellers at 1/231/32. November-January. buyers at 1/3 for Cash.
May July October ( Spot
(
10
9.81/81
9.83/83
9.86/87
.05. up
Eagle Picher. Lead
114
Swift International
20
9.63/63
9.85/65
9.70/70
.07 up
Eaton Mfg. Co.
354
Technicolor
}
9.23/24
9:25/25
9.31/31
OB up
Elec. Autolite
37
Texas Corpn.
391
9.87 N
9.02n
.05 up
Elec Bond & Share
5+
Texes Galf Bulphur
382
Elec. Bond & Share $5 pi.
Elec. Bond & Share. 15 pf.
Elec. Power & Light #7 pf.
20.07b
20:45b
20,60b/80a -20.80/80 unquoted 20.58b 20.31b/32a 20.25b/35a 20.55b 20.10/10 20.056/15a 20.33/33
.13 up
Flintkote
13 up
Ben, American Trana
24 up
Gen. Electric
23 up
Gen Motors
Total salés: 640 tons. "
CHICAGO WHEAT December May
Gen. Rallway Signal
Gen Tire & Rubber
Glidden Co.
877/873
87/861
82/83
88/881 872/871 838/831
881/881 871/872 83#/831
קס
Goodrich (B.F)
up
Goodrich 35 pr.....
up
Goodyear Tire & Co.
Great Northern Iron Ore..."
Great Northern Rly, pfd,
Great Western Bugar
623/621 629/623 621/82) 631/631 63/631 631/631
of
Greyhound Corpn.'"
B
up
Hercules Powder Co
Homestake Mining
Int Nickel
12.93b/94a 12,95b/13.14a 13,206 12.70b/75a 12.89/89 13.05/05
27 up
Inter. Paper & Power
.35 up
Int. Tel. & Tel. .......
Kentecott Copper
Lakey Foundry & Mac.....
.... 34-3/4
unquoted 4.03-3/4
Libbey-Owens-Ford
Lockheed Aircraft
U.S. DOLLARS
The market opened with sellers
Total sales Friday:-251,400 bales.
at 23.7/16 for Spot resulting in NEW YORK RUBBER
some business at 231/2 for the December
end of 'December and also for January
Cash. The market closed' with sel- March
Jers at 23.1/2 for near and forward, May
buyers at 23.9/16 for Cash;
SHANGHAI DOLLARS Business was arranged at 390 and also
389.1/2. The market
closed with sellers at 390, buyers July at 391:1/2.
SHANGHA) MARKET
Friday's sales:-24,252.000 bushels..
Opened with sellers at 3.7/8 for CHICAGO CORN Spot and closed with sellers at December 3.58/64 for Spot. U.S. Dollars sel- May
lers at 6.1/18 at the opening for
NEW YORK HIDES Spot and at the close sellers were | F
December quoted at 8.1/32 fò-Spot.
March
Shanghai Exchange
Shanghai, Nov. 9 (Reuter).
Official T.T. Bates
London
New York
Japan
India
Hongkong
Opening
8/3-13/16
5-7/8
Sterling
Sellers
Total sales for the day-145 lots.
NY Official Silver
NY-London Cross Rate 403-3/4
LONDON STOCK EXCHANGE
(REUTER
London, Nov. 8.
The following quotations are the middle prices at the close of the
SERVICE)
Tientsin-Pukow Rly. 5%
(Brit. Stpd, Supl. Loan) - 8 Tientsin-Pukow Rly. 5%
(Ger. Sipd. Supl. Loan) 8
market in London. All quotations Jap. 6% Ster. Loan. 1924 241 are subject to confirmation and no Ger. 7% Intl. Loan, 1924, 54 responsibility is amumed for errors
7-1/16
1940
DOW JONES AVERAGE
High Low Dow Jones Averages 158.80 111.84 30 22.67 22.15 20 26.40 18.03 20
90.81 33.00 40 64.07 48.47 11
Nov. 10, 1940.
High Low Close 134.49 138.56 138.12 20.04.29.77 29.98
Change 1.48 up
20 пр
Nor. $,
Industrials Rails
136,64
29.67
Utilities Bonds
81 81
90.62
Commodity Index
54.76
· 2215 | 31.85 °· 21.05 - 30.71
08 up $7.18 .40 up Business Done:-1,100,000 shares
.14 up
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Faasen
25
21-1/8 N 25-1/4
Spot Nov,
Dec.
Opening Closing 9/3-7/8 0/3-27/32 013-7/8 0/3-27/32 0/3-55/64 0/3-53/84 U.S. Dollars
in transmission...
Chartered Bank
£
HK. & Shai Bank (Ldn.
Reg.)
"
84
Spot
Nov.
$6-1/16 $8-1/32
6-1/16
6-1/32
Dec.*
6-1/32
War Loan, 31% (Red
after 1952) Canton-Kloon Rig. 5% Chinese 41% Gold Loan
1898 (Brit. Iapę.. Chinese 5% Gold Bonds.
H.K. & Shai Bans (Col.
1011 8
Peg)
Chinese Eng Mining,
(bearer;
32
Chosen Corporation
4/-
Pekin Byndicate
2/-
34
S'hai Bles, Constr. Co..... 15/-
B'hal Waterworks "A" 131
Loan, 1908 Chinese 5% Crisp Loan-".
Union Insurance
20
TO-
Gula Kalumpong Rubber 13/0
{B.-A, Tob.. (bearer)
80/3
Mercantile Hank...
102
Dunlop Rubber
31
Bristol Aeroplane .................... 0/74 Imperial Chemical Ind.
28/41.
United' Steel...
Woolworths...
30/10 *58/41
Maraman Investments ..
7/8
Western Holdings:
979
Bob-Nigeriant
181/3
Shell Trans. & Trus
(bearer)
35/78
Market:-Uncertain.
Notice: All American and Cana-1925-47............................................ dian markets will remain closed on Chin 41% Anglo-French Monday, Nov. 11 Remembrance Doya
Silver Duty Rate The Central Bank of China's rate on London at 10a.m. today was 1/2-1/2d."
The Equalisation rate was 231 ner cent.
Calentta. Exchange
Calcutta, Nov. 9 (Reuter). TT on Japan. 81-1/4.
India Rupee Paper
Bombay, Nov} "D „(Reuter) Govt: 31% Rupee; 91-14-0,
Chinese 5% Reorg Loan.
1913 (Ldn. I) Chinese 8% Ster. Notes.
-1925 (Vickers) maisie Chin. Imperial Rly. 5%
Loan Honan Rly. 5% Hokuang Rly 5%. 1911.
LPN/Y Issue) 11 Bukuang "Rly. 5%, 1911
(German Issue), Lung Taing. U. Hal
Rly. 5% 1913 S'hal-N'King Rly 5% Tientsin-Pukow Rly, 5%
(Brit. 8tpd.) Tientsin-Pukow. Rly: 5%
(German Stpd.)
Nat Detence Bloods, 3% 102 |London-Midlands-Boot-
Great Western Rail-
Nat Bank of India 3%
Hah.8%
141
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN.
HAIPHONG
"All steamers bérth alongside
"the" Boosevelt. Terminal în' the French Concession st Shanghai, where passengers and cargo aro landad.
For further particularu
pisu apply to-
ARDINE
ESONG
TELEPHONE KOSILENERAL M
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA ASTANA INTERNATIONAL EXCHANGE
22 BANK
PAID-UP CAPITAL #00,000,000,00 (BRANCHES AIZ OVER ÜHINA) Owing to our numerous Branches tin Chins and connections in the principal Commercial Centre of the World, we are able to extend to our Clients special facilities for Horsestió and Foreign Banking and Exchange
A ESTAN Head Office:- SHANGHAI- 55p. Long Bong Branch,
4 QUEEN'S ROAD C **South China Offers:""
KAH KONG MOON CANTON SWATOWN TOISHAN SHIUCHOW KINGCROW
We also handle the issue of Bonds and other Publie Funde uff the Chinese Government both at Home
SHOU J. CHEM
60
Timken-Axle
291
60
Trans-America Co.
5-1
351
20th Cent. FOX
61
172
Union Bag & Paper Corp.
13
54
Union Carbide ar Carbon
758
35
Union Pacific
84
541
United Aircraft
441
15, QUEEN'S ROAD, CENTRAI
„184*
United Airlines Trans
184
HEAD OFFICE:
144
United Corpa,
17
161
United Corpn. 13 cum pt. 338
147
United Gas Corpn.
14
60.
United Gas Improvement
111
18A
US... Industrial Alcohol
23
18
U.S.. Rubber
23:
201
US. Rubber 38.pfd,
86
Interest Rates on Application.
221
US. Smelting
66
12
U.S. Steel
SAFE DEPOSIT BOXES
761
75%
Vanadium
36
54*
Vultee Aircraft
0
28
Walworth Ca.
61
161
Warner Bros. Pict
34
This Bank in entirely owned by Kobe
THE CHAKE NATIONAL New York, with Kanpuream of Oval U.S.$3,900,000,000.
*BANK.
2.
Westinghouse Elec
.100
37
Woodward Iron Cor.
341
41
Chase National Bank
34+*
Glass
447
National City Bank
281
321
HONGKONG SAVINGS
BANK
The Business of the above Bank
s. conducted by the HONGKONG | & "SHANGHAI BANKING OOR- PORATION. Rules may be obtain-
ed on application.'
For the Hongkong & Shanghai BANKING CORPORATION.
V."M. GRAYBURN,
Chief Manager. Hong Kong, 91th Feb., 1939.
THE CHASE BANK
18, PIN STREET,
NEW YORK An "American Bank offering com plete Foreign Banking Servic in the principal Markets of the
world.
D. M. BIGGAR,
Bacond Vice Pres
BANK OF EAST ASIA, LIMITED
3,598,000.00
Authorised Capital......$10,000,000.0 Paid-Up Ospital Beserva and Undivided ·
Profits
12,953,901.36
Head Office:HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors: SIR SHorgen Cxów, Chairman Li Hoon Uben, E. Li Lax Bang, Eg. P. K. Kwok, Esq. Wong Chu Bos, Ling- Wong Tan Tong, Esq. Kan Ting Pong. Chan Ching Shu, £44. Fang Fing Wah Bag KAN TONG Po, Esq., Chief Manager Lt Tax Foxo, Esa, Manager
Branches and Agencies:--
Bouloda Penang
Singapore
--Rangoon, à Bouzabaya Baigon Blowi
San Fran. Sydney
matka
Bectarwag
Shanghal
conver
Every description of Banking and Exchange business transacted. Loans granted on approved securities. *
Current Accounts opened in Local Currency and Fixed Deposits re- seived for one year or shorter periods in Local and Foreign Cur terms which will be quoted on spplication.
SAFE CEPOSIT Boxes To LIST.
rancies ол
KAN TONG PO,
Chief Manager.
Andy
Bateria
*Loudon
Bombay.
Manila
Calratin
Malbourne
HAlphong
Henkow
New York
Honolulu
Paris
Polplug