+375
COMMODITY
On demand
*62 3/4
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 Hills, on demand 1/2 7/8. Credits 4 months' sight,
On Shanghai:="")
On demand
On Singapore:---
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
MARKET REVIEW (FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
Adams. Express®
QUOTATION-
.. (REUTER'S SERVICE)
NOVEMBER 10, 1940.
TUESDAY, NOVEMBER 12, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Reserva Funds:
Sterling
Last Sale
STOCKS
Last Sale
Nov. 9!
Reserve Liability of
Nov. 9
+63
Loew's Inc.
Proprietors
$20,000,000
291
BANKING CORPORATION
5
Authorised Capital... $50,000,000
Issued & Fully Paid Up #90,000,000 Incorporated by Royal Charter, 1838
£8,500,000 Reserve Fund
Paid-Up Capital
H.K. Currency Reservs $10,000,000 Reserve Liability of Pro
£9,000,000
£3,000,000
prietors......
£3,000,000
HEAD OFFICE: LONDON:
INDIA, AUSTRALIA
AND UMINA
Alleghany Steel Co.
251
Loft Incorperated
21
Head Ofco:-HONG KONG
Allis Chalmers
38
Mack Truck Inc.
294
Aluminium Ltd.
801
Martin. Glen :L
35+
Board of Directors;
Amer. Can
94).
McKesson & Robbinis, pfd. 281
H. V. Wilkinson, Esq.,
American-Cyanamid B.
36)
Montgomery Ward
401
On Japan:-
NEW YORK, November 9. 1940.
On demand
108
On India:-
SINGAFÜRE RUBBER
Previous
Close
Nov. 9
Amer. & Foreign Power Amer
+
11
Mtain City 'Copper Co.
41
Chairman, Hon. Mr. J. J. Paterson,
Telegraphic. Transfer.
and demand
182 1/2
buyers
Opening Closing
buyers
Foreign $7 pl......
16
National Aviation
121
Change
amer, Locomotive
171
Nat, Dairy Products
•141
Amer. Metals Co.
SPOT
On New York:-
JAN.-MARCH
APRIL-JUNE
On Batavia;-~
On Paris:-
.43
LONDON
The market was quiet,
RUBBER
-DECEMBER
40
'On Bangkok:-
On demand
+149 1/2 ·
On Sterling Notes:-
"Batik Büying Rate
Notu.
Bar Silver 'per os.
230 18
NEW YORK
Dec. (New contract)
Close 9.25/86
Bank Bills, on demand 23 Credlis, 60 days" sight 93 7/8
On demand........
Bank Bills, on demand Nom. Credits 4 months" sight Nori.
On Balgon:
On demand... 100 -
On Manila:
On demand
Shanghai Exchange
Shanghai, Nov. 11 (Reuter).
SPOT
JANUARY
FEBRUARY
APRIL-JUNE
NEW YORK COTTON: The market was firm, Demand was broad- er. There was improved enquiry in the good's market and sen- chment was more favourable.
NEW YORK 'RUBBER: There was increased interest in physicals.
Shipment offerings were light and at arm 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
The local dollar took a downward turn at the opening this morning on Monday, Nov. 11 (Remembrance Day), being Influenced by a temporacy jitterness as a result of the hand- ing over by the French Concession, Authorities of the Chinese District Courts, and the taking over of the old Central Bank Building on the Bund by the Nanking Authorities on the 13th instant.
COMMODITY MARKET
(REUTER'S (SERVICE)
New York Cotton, Dec. Well-informed quarters say that New York Rubber, -Dec. whilst sellers are reluctant. Chi-Chicago Wheat, Dec, nese interests have been covering Chicago Corn, Dec. their over-sald positions in Amert-New York Hides, Dec. NEW YORK COTTON.
can dollars to a certain extent.
Omcial T.T. Rates
Prev. Today's
Barber Asphalt Co. Barnsdall OL
Bendix Aviation
39-1/4 39-1/4 38-1/8, 1/8 37-7/8 37-7/8 36-1/8 38-1/8
201
National Distillers
211
J. K. Bousfeld, E., A. H. Compton, Esq.,
Amer. Radiator
#
National Lead
201
Hon. Mr. S. H. Dodwell,
37-314 31 36-1/4
Amer. Rolling MDI
181
Nat, Fower & Light
71
G. Miskiu, Eag..
Amer. S'ting and R'img/Co.
484
National Supply Corp.
Amer, Sugar Refining
163
New York Cential
153
C. C. Roberta, Esq.,
buyers
Previous close Today's close
buyers
Amer. Tei, & Tel.
157
Niagara Hudson Power
37
Change
Amer. Tobacco "B"
732
N. American Aviation
181
11-11/16
Amer. Waterworks
8
North American Co.
18
Hon. Mr. A. L Shield, Sir Vandeleur M. Grayburn,
11-13/18
Market closed
Anaconda Copper
29
Northern Pacific
Chief Manager. ALL CLAC
7:
11-15/16
Atchison, T. & 8. Fe.
181
Owens-Illinois Glass Co....
521
11-15/16
Aviation Corp.
57
Pacific Gas & Elec
29+
Amoy
-Branches: Johore.
11-7/8
Baldwin Lecometive
181
Packard Motors
34
}
Bangkok Kobe
Rangoon Saigon
Deputy Chairman.
E. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
38, Bishopsgate E.C.3. Sun-Ageneles In London: 4. 117/128, Leadenhall Street, B.Ca West End Branch; 14/16, Cockspur Street" 8:W 1 Manchester Branch: 52, Mosley Street, Manchester, s
AGENCIES AND BRANGUES-
HARBIN
ALOH STAN AMRITSAR
BBATAVIA BOMBAY -CALGUTTA
FINANG HONG KONG MANGOON
·ILOTLA
IPOH
DEARAGH 1
· KLANG
KOBE
KUALA
·BAIGON " SEREMBAN
·REANGHAT'
› HENDAPORA
—BITAWAR
SCOBABAYA
LUMPUR JAIPING“
→KUCHING
*TEENIGIN
ANCHOMATI
Bhuket)
AGENCIES: OLITE. STILET
CANTUN CAW'NPOHI CKBO COLOMBO
MATLAB
MANILA
Baltimore Ohio
41
Pan-American Airways
167
DEL.F1
IMRDAR
TSINGTAO
Batavia Kowloon San
11
Paramount Pictures .........
94
Bombay
Kusla
BAIPHONG
NEN TURK „JQEGHANA
Francisco
RAMIDRO
101
Pennsylvania “BR.
242
Calcutta
Lumpur Shanghai
HANKOW
(Pekin)
341
Philadelphis 'Read, Con)
4
Canton
London
Bingapore
Bethlehem Steel
Bliss Co.
Boeing Airplane: Co.
Borg-Wander
Briggs Mig.
Budd Masturirig · Corp.
Canadian Pacific R'way
Case, I
High Low
9.95 9.88
Opening
9.68,'88
Close. Close Change 9.85 9,90 .05 up. 20.80 20.80 20.07% 20.80 .13 up
882 87j 871
881
i up 624
02: 617 621
off 13.43 13.05 12,93 13.20b 27 up
Closing Change 9.90/90 ..05 up
Celanese
Chesapeake & Ohiq Chrysler Corpn.
Columbia, Gas & Elec.
Commercial Credit Co. Com, Southern - (Orä.) Consolidated Edison Consolidated Oil Continental Cam
Continental '011
Copperweld Steel
Curtiss Wright (C)
Curtiss-Wright “A”
Deere & Co.
+4
Opening
January
}
9.75 N
+
9.76b/79a 9.81n
*:06 up
Distillers Corpn. Seagrama
London
0/3-11/18
March
į
..... 9,84/85
*9.85/85
9.91/91
,07 up
Douglas Aircraft
New York
5-3/4
*May
9.81/81
9.83/83
9.86/87
.05 up
Du Pont de Nemours
Japan
24-3/8
India
20-3/8 N
Hongkong
24-1/2"
July October Spot
!
9.63/63
9.65/65
9.70/70
07 up
Eagle Picher Lead
}
9.23/24
9.25/25
9.31/31
.08 up
Eaton Mfg. Co......
9.87 N
9.92n
05 up
Elec. Autolite...
Sterling
Total sales Friday:-251,400 bales.
Elec. Bond & Share
Sellers
NEW YORK RUBBER
Elec. Bond & Share $5 pr.
Opening Closing
Elec. Bond & Share '$8 `pf.
Spot
‚*0/3-13/18' '0/3-45/84. December ...
20:67b
20.60b/800
20.80/80
.13 up
Elec. Power & Light 47÷pf,
Nov.
̈0/3-13/16 · 073-45/64
January
20.45b
Dec.
073-51/4 0/3-11/18 March
U.S. Dollars
May
20.31b/32a 20.10/10
unquoted 20:58b 20.25b/85a20.55b 20.05b/15a 20.33/33
.13 up
Flintkote
.24 up
Gen. American Trans,
23. up
Gen, Electric
Spot
$5-15/16
$5-25/32
Nov.
5-15/16
Dec.
5-29/32
5-25/32 5-3/4
Total sales:-840 tons. CHICAGO WHEAT
Ben Motora
"Gen. Railway Signal
December
671/872
28/88)
881/881
#up
Gen. Tire & Rubber
Market
Uncertain.
May
87/881
374/872
-871/87
up
Glidden Co.
July
82/33
831/831
834/834
up
Goodrich (BJ)
-Friday's sales:----24,252,000 · bushels.
Goodrich $5 pf.
CHICAGO CORN,
Goodyear Tire & Co.
Great Northem Iron Ore
-628/821 631/631
624/82 024/02 631/631 639/832
otr
Great Northern Rly, pid,
1. up
Great Westem Sugar
Greyhound Corpn.
.27 up
Hercules. Powder Co
.35 up
Homestake Mining
Int Nickel,"
Inter. Paper & Power
34-3/4
unquoted 4.03-3/4,
· Int. "Tel. /&ʻTUL
Kentecott Copper
--Lakey) Foundry & Mac..
̧‚£{bbey-Ofent÷Ford Glass 441. Locknedd Aimraft ........... (323
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 December
per cent.
NOTE: All Shanghai markets will be close tomorrow.
May NEW YORK HIDES
December
NEW FACTORY FOR March
CURTIS PLANES
12.93b/94a .12.95b/13.14a 13.200 12.70b/75a 12.89/89 13.05/05
Total sales for the day-145 lots.
NY Official Silver
NEW YORK, Nov. 11 (Reuter)-NY-London Cross Rate 4.03-3/4
A new factory for the Curtis aero- plane company is being erected in Buffalo, which when completed
will be able to produce 50 to 70 planes & day whereas the com- pany is producing eight a day at present.
The entire output of the Curtis company is at present being sold to Britain
REHABILITATION
IN S. KWANGSI ·
In accordance with the felici measures
LONDON STOCK EXCHANGE
TREUTER'S SERVICE) "London, Nov, 2. (Brit. Stpd.)
Tientsin-Pukow Rly. 5% (German stpd.) .......... Tientsin-Pukow Rly, 5%
(Brit/Sipd;Bupl"-Loan) (8 Tientsin-Pukow Rly. 5%
(Ger.Stød, Supl>Loan) (8 Jap. 6% Ster. Loan, 1924 241 Ger, 4% Intl. Loon, 1924. 51 Chartered Bank
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 transmissiori.
'War Loan, 34% (Red,
after 1952)
promulgated by the Pantop-loon Rly.5 Central Government the Kwangs! Chinese 41% Gold Loan Provincial Government has ex- 1898 (Brit. Issue) .... empted or reduced land tax in the hinese 5% Gold Bonds,
1925-47.
recovered areas in south kwangst
Meanwhile has instructed Chin. 44% Anglo-French
various -towna, villages and hum-
Loan, 1908.
tete to organise sanitary units to Chinese 5% Crisp Loan.. bury #corpsen, diemfect drinking 1912......
water 'add "make a general clean-Chinese 5% Reorg. Loan.
up of the places,
1913 (dn. 18.)
Gen Huang Hau-chu; Governor Chinese 8% 'ster. Noter.
of Kwanga, who arrived here on
1925 (Vickers)
Nov. 6 to supervise the rehabilita Chin. Imperial Rly, 5%
tom of the city, said in an inter- view that the provincial authori ties are now making every effort to induce the refugees back. The provincial government, he said, will provide financial aid, for the poor.
He revealed that the damage to the power plant and water works in the city done by the Japanese
is not serious and both will soon.
resume, operations siter repairs, ・・
Boan Honan Rly, 5% Hukuang Rly 5%, 1811..
(LF.. N/Y Issue) ~iukuang "Rly, 5%, 1911
.... German Issue) Lung Tsing & U. Hal
Aly, 5% 1913 |A'hal-N'King Rly.^5%-
Tientsin-Pukow Rly. 5%
འས་འ
-
1940
DOW JONES AVERAGE
Eigh Low Dow fonds. Arorages 1690111.84 -30 · Industriais da -3267 -2215.20 Rails. 26.45 18.03 10 Utilities.
Nov. 10, 1940.
Change
Nov. 8, High Low Close 138.64 1349 138.68:138.12 | 1,48 up
29.67
30.04 -29.77 $29.90
.29 up
NEW
9001 - 8306 40
21.01 132:15 2185 22.0514 up
90.62
56.78
200.71 .09 up
67.18 ,40 up
-Business Bone-1,100,000 shares
(Johore) Tientsin Mukden Tokyo New York Thingtso Peiping Yokohama Penang
FOREIGN "Exchanor and Generő) Banking Business chranzacted. -
CURRENT Acquare opened, and FIXED Dates received for Que Year or shorter periods in Losal or Other Currenisice at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNT opened in LOCAL CURRENCY and FIXED DEronin received for one year or shorter The Bank's Head Office in London periods in 'Local and other Our undertakes Exacator anti· Truges rencies on terms which will be business, and claims recovery of.
British Income Tax overpaid, on quoted on application.
terms which may be ascertained at any of the Agencies and Branches. ·
R. A. CAMIDGE,
Manager.
Azzo up to date SAFE DEPOSIT Box in various sizes To LIT 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 ed on application.
For the HONGKONG & SHANGRA Banking CorPORÁTION.
V. M: GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
THE CHASE BANK
BANK OF EAST ASIA, LIMITED
5,598,800.00
Authorised Capital...$10,000,000.00 Paid-Up Capital Reserve and Budivided
Profits
.2,3,281.
Head Office:¬HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors: BIE SHOT Cɛow, Chairman Li Koon Chun, Esq. Lf Lin Sang, Esq. P.K. Kwok: Esq. Wong Chu Son, Esq. Wong Yun Tong, Esq. Kan Ying Po, B Chan Ching Bhat, Esq. Fong Ping Wah Enq RAN TONG PO, ESQ., Chief Manager
An American Bank offering comLI TA FONG, Esq., Manager
plete Foreign Banking Servio
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL" "BAHR. NEW FORK, with Rasoaren of ont 1.3.$2,000,000,000.
D. M. BIGGAR,
8scond Vios Pr
Ajob?
WANT ADS
INDO-CHINA
Batavia
Branches and Agencies:-
Pasar Sigapors
London Bangoon Bourabaya Manila Badron
Kalbourne Ban Frin Bydney
New York Bontile
Bearing Pelying Shangha
Every description of Banking and Exchange business transacted. Losas 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 Onr- rencies ON terms which will be quoted on application.""
SAFE CEPOSIT Boxes To LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Bpecially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
CABANK over PAID-UP CAPITAL $40,000,000.00
STEAM NAVIGATION COMPANY LTD BRANCHES ALL QYIK CHINA)
Operating Services for Cargo and Passengers
Borids 8407 4847'11 Commodity Index
7-1/16
1018
HK. & 8'hal Bank (Ldn.
8
Reg.)
64
A.K. &. S'hai Bank (Cal
32
· Peg)
35
Chinese Eng. & Mining
(bearer).......
Chosen Corporation
Pekin Syndicate" i
14/- 4- 2}-
Shai Mec, Constr. Co.
15/-
13
]B'has Waterworks “A”
Union. InsuTENCO
-13||||
20
TO__"
19
Gula Kalumpong Rubber
13/9
B.-A. Tob. (bearer) will
86/9
and TIENTSIN
Mercantile Bank ................
101
KOBE And DBAKIA, ZA
Dunlop Rubber...
31
244
Bristol Aeroplane
9/71
10
Imperial Chemical Ind. 28/41
United Steel...
20/101
11
Woolworths
58/44
All stemmers berth alongside
Maraman Investments -
718-
the Roosevelt Terminal in
the French Concession at
Western Holdings
.9/9
Sub-Nigel W
· Bhanghai, whors: passengers
181/3
and cargo arkaded.
Shell Trans & Trad.
Aiheater)
35721
For further particulars
Nat Defence Bonds, 3% 102 London-Midlands-Best-
tish3%
འ་བ་ཚུབ་འ
Postal telegraphic kid waterway operated after three weeks when
Great Western Rail-
Way. 3%-n
communications in the city have repairs to the roads will have been Nat Bank of India already been resumed, he said, completed (Central Newal, while highway traffic will ako be
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
SINGAPORE PENANG and CALCUTTA
BANDAKAN
„HAIRHONG
LATHESON&
ANAGERS
TELEPHONEXOXIB GENERAL
Owing to our numerons Branches in China and connections in the principal Commercial Leatres of The World, we are able to extenu o our Clients special facilities for Domestic and Foreign Banking and Szahange.
Head Office: BRANCHAI
Hong Kong Branch:
QUEEN'S ROAD, C. South" China Offener
LANTONMA
SWATOW
|SÚŁUCHOW:
KONGMOON TO18HAN
KINGCHOW
We also hands the issue of Bonda and other Public Funds of the Chinese Government both at Home and: Abroad.
SHOU CHEN,
Manager.
921
Phillips Petroleum
$38)
Cheloo
Lyons
Sourabaya
Coloni
Malacoa
161
Public Service of NJ,
321
Dairen
Manila
Sungei
Patani
18
Pullman Inc.............
323†
Foochow
Muar
Swatow
213
Pure Oll
Haiphong
281
Radio Corpn, "of 'Am.
-51
Hankow
+52.
Reading Company,
Com 144
Harbin
34
Remington Arms Co., Inc.
Tolla
a1f
Republic Aviation Corp. ...
51
Ipoh
201
Republic Steel
241
421
Revere Corp.
138
.833
Reyncid Tobac. "B"
43
51"
Safeway Stores
43
33}
Schenley Distillers
114
1
Sears Roebuck
79
251
Shell Union 'O!
101*
61
Socony-Vacunum Oil
91
411
Southern Patine
'01
197
Southem Rly IS:pid,
23#
311
Spicer Manufacturing Co.
35
104
Standard Brands
:82
294
Stand Gas & Elec.
14:
211
Standard Oll of California
20
19
Standard 'O of NJ.....
361
B81
Stone & 'Webster
મ
1701
Studebaker Com
*81
Swift International ....... 120,
35+
Technicolor
37
Texas Corpn.
391
51
Texes Gulf Sulphur
36
60
Timken-Axle,
291
69
Trans-America Co.
51
35+
20th Cent. : Fox
61
171
Union Bag & Paper Corp.
134
54
Union Carbide & Carbon
751
...35
Union Pacific
84.
541
United Aircraft
447
18, QUEEN'S ROAD, ÇENTRA¡
181
United Airlines Trans
183
141
United Corpn.
11
HEAD OFFICE:
101
United Corpn.' $3 cum pt. 338
18, PLNE STRENT,
NEW YORK
TH
United Gas Corpn.
14
*60)
United Gas Improvement
111.
184
U.S., Industrual Alcohol.
234
in the principal Markets of the
18
U.B. Rubber
231
world.
Amay
29+
| US. Rubber $8. pfd;
86
Interest Rates on Application.
Bombay
22+
US Smelting
68
Dalautta
Haiphong
.12
U.S..Steel
764
Esakow
7734
Vanadium
361
Homolelu
ote
541
Vultee.Aircraft
9
28
| Walworth Co, S.
61
163
*0*
*37
T
341
Warner Bros. Pict
Westinghouse Elec, Woodward Ironi Cor. Chase National Bank National City. Bank
341 344"
281
· 109-