and demand
On New York:---
Bank Bills, on demand 23 1/8 Credlis, 60 days' sight 24
On demand
Bank Bills, on demand Nom. Credits 4 months' night Nom..
On Balgon:-
On demand
On Manila:-
On demand
On Bangkok:-
On demand
On Sterling Notes:--
100 1/2 APRIL-JUNE
******-149 1/2
Market Report “
23 1/4
NEW YORK COTTON! We expect very tight spot situation by Spring and believe that purchases of July and October options. will eventually show satisfactory profts. NEW YORK RUBBER: The market continues to depend upon the Far Eastern developments and the approaching quota decision. CHICAGO WHEAT: Present prices are beginning to attract with- drawals of loan stocks. Any further advances will probably in- crease withdrawals. We would be disposed to take profits on speculative tongs and reinstate on setbacks.
Boeing Airplane Co.
Adams Express
Alleghany Steel Co.
385
Allis Chalmers
Aluminium Ltd.
NEW YORK, Nov. 16, 1940.
Amer. Can
On Japan:-
On demand
105
SINGAPORE RUBBER
Previous
Close
On India:--
buyers
Nov, 18 Opening Closing
buyers
American Cyanamid B.
Change
Telegraphic Transfer.
82 19 POT
39 cts.
38-3/4 38-7/8
off 1/8
Amer. Foreign Power ... Amer & Foreign $7 pl. Amer. Locomotive
JAN.-MARCH
37-1/2
37-1/4 37-1/4
of 1/4
Amer. Metals Co......
15
APRIL-JUNE
96-1/8
35-7/8 36 cta.
off 1/8
Amer. Radiator
Amer. Rolling Mill.
On Batavia:
On Paris:-
י
LONDON RUBBER
The market was quiet. Previous close Today's close
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
'NOVEMBER 16, 1940 -
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' night
On Shanghai:—
"On demand
On Singapore:-"
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE) NOVEMBER 17, 1940
MONDAY, NOVEMBER 18, 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, 1868
Reserve Funds: Sterling
£8,500,000 Reserve Fund
Paid-Up Capital
B.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors.......
Read Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Ma, J. J. Paterson,
Deputy Chairman, J. K. Bousfold, Esq., A. H. Compton, Esq.,
£3,000,000
...$3,000,000
£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2. Sub-Agencies In London: 117/129, Leadenhall Street, E.C.3 West End Branch: 14/16, Cookspur Street, S.WI Manchester Branch: 63, Mosley Street, Manchester,
AGENCIES AND BRANCHES.
HARBIN
BANGKOK
PENANG
EONG LONG BANGOON ILOILO
#
Last Sale
STOCKS
Last Sale
.Oct. 18
Oct. 16
Reserve Liability of
Proprietors
·····---- ·-$20,000,000
Loew's Inc.
281
23
Loft Incorperated
21
301
Mack Truck Inc.
281
794*
Martin, Glen L
331
91
McKesson & Robbins, ptd. 261
351
Montgomery Ward
394
1
Mtain City Copper Co.
31
154
National Aviation
111
161"
Nat Dairy Products
141
21
National Distillers
224
74
i National Lead
flon. Mr. S. H. Dodwell,
191
(1. Miskin, Esq.,
ALOR STAR AMRITSAR
143
Nat, Fower & Light
7+
K. S. Morrison, Esq.,
Amer. Sting and Ring Co.
BALGON
451
National Supply Corp.
71
Hon. Mr. T. E. Pearce,
BATAVIA
IPOH
SEE MBAN
Amer, Sugar Refining
151
New York Central
*15
43 1/
SPOT
buyers 11-15/16
buyers
Change
C. C. Roberts, Esq.,
BOMBAY
Amer, Tel, & Tel
1681
Niagara Hudson Power
31
Amer. Tobacco "B"
711
N. American Aviation
18
DECEMBER
.
12-1/16
Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,
CALOUTTA
KARACHI KLANG
SHANGHAI
SINGAPOR
ACESOIES: KOKO
SITIAWAN.
Amez, Waterworks
OLIVE STREET
** 4
North American Co.
171
JANUARY
FEBRUARY
12-1/8 Market closed, 12-3/16
Chief Manager. FAIL PRACT
KUALA
BOURABAYA
Anaconda Copper
29
Sorthern Pactic
71
CANTON
LUMBUN
TALPING
Atchison, T. & 8, Fe.
17
Owens-Illinois Glass Co.
50
Branches:
12-3/18
Bank Buying Rate
Bar Silver per oz
Nom.
Aviation Corp...... Baldwin Lecorative Baltimore & Oblo 'Barber Asphalt Co.
Barnsfall OL Bendix Aviation Bethlehem Steel Bliss J Ca
51
Pacific Gas & Elec......
CAWNPORS CZBU
KUCKING
TIENTSIN
MADHAS
TONGKAH
28+
Amoy
Johore
17
Packard Motors
31
Bangkok
Kobe
4
Pan-American Airways
17
Batavia
Kowloon
101
Paramount Pictures
81
Bombay
Kuala
Rangoon Saigon San
Francisco
COLOMBO
MANILA
(Bhuket)
DEZEI
MRBAN
THINGTAO
91
Pennsylvania RR.
25
Calcutta
Lumpur Shanghai
33
Philadelphia Read, Coal
Canton
London
Singapore
871
Chefoo
Lyons
Bourabaya
Phillips Petroleum
391
1st #
Colombo
Malacca
Public Service of NJ,
30元
Sungol
Dairen
Manila
191
Pullman Inc...
261
Foochow
Muar
Swatow
»Borg-Warner
217
Pure Olt.
B
Haiphong
(Johore) Tientsin
_Briggs_Mfg.
-247-
Radio Corpo, of Am. ......
51
Bankow Mukden Tokyo
5
Reading Company,
Com
141*
Harbin
Canadian Pacific R'way
*
Remington Arms Co., Inc.
Iloilo
5%*
Case, JI..
61
Republic Aviation Corp.
51
ipch
Penang.
the both
NEW
Celanese
281..
Republic Steel
224
Chesapeake & Ohio
421
Revere Corp.
121
(REUTER'S SERVICE)
Chrysler Corpn..
194
Reynold Tobac. “B”.
347
મ
New York Cotton, Dec. New York Rubber, Dec
High 10.13 20.90 20,80
Low
Prev. Today's
Close Close Change #.98 10.08 10.03 .05 off 20.38 20.80 .18 of
Columbia Gas & Elec.
Safeway Stores
423
Commercial Credit Co.
321
Schenley. "Distillers
101
Com, & Southern (Ord.)....
1
Sears Roebuck
782
Consolidated Edison
24
Shell Union Oll
10
Consolidated Ol
891 88 844 13.08 12,98
631
881 894 89 841 13.15b 19.01
of
Socony-Vacunum Oll
92
Continental Can
39
up
Southern Pacific
ALSO up to date SA DEPOSIT Boxes in various sizes To Lan Hong Kong, 28th February, 1940.
9,
Continental on
201
14 of
Southern Rly 45 pid. .....
23-
Patani
New York Tsingtao Paiping Yokohama
(Pekin)
FOREIGN EXCHANGE and Gineral Banking Business transactaď.
CURRENT ACcourts opened and FIXED DEPOSITE received for One. Year or shorter periods in Local or Other Currencies at rate which will be quoted on application. ",
SAYINGS ACCOUNT also spened in Local Currency and Sterling with
CURRENT ACCOUNTS opened in interest allowed at rates obtainable
| LOCAL CURRANOY and Fixm DesusITS 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
terma which will be business, and claims recovery of noted on application.
British Income Tax overpaid, on terms which may be ascertained as any of the Agencies and Branches.
R. A. CAMIDGE,"
Manager.
HAIPHONG HAMBURG KANKOW
NEW YORK PRIPING"
YOKOHAM
Copperweld Steel
191*
Spicer Manufacturing Co.
341
MARKET
Stagnant.
Close 10.08/09
Opening
Closing
Change
Curtiss Wright (C)
10
Standard Brands
81
10.08/08 10.03/04
.05 off
} ...... 10.00/00
Curtiss Wright "A"
*291
Stand Gas & Elec.
I1*
9.99b/10.01a 9.95 N
.05 off
Deere & Co.
21
Standard Oil of California
20
10.09/10
10.10/11 10.04/04
.ÖS T
Distillers Corpn. Seagrams
19
Standard Oil of N.J.
36
>
10.03/04
10.03/03
9.99/99
.04 off
Douglas Aircraft
81+
Stope & Webster
72
"
).
9.89/89
9.89/89
9.55/57.
9.58/58
Spot.....
.10.08 N
-934/84 -- 9.45/45 10.03 N
05.00
Du Pont de Nemours
1861
Studebaker Com
BA
.10 of
Eagle Picher Lead....
111
Swift International
181
.05 off
Eaton Mfg. Co
33%
Technicolor
98
U. 5. DOLLARS
Total sales Friday:-206,800 bales.
Elec. Autolite
***** 357
Texas Corpn.
387
NEW YORK RUBBER Decembar
Elec Bond & Share
47
Texes Gulf Sulphur
361
20.98/98 20.90/90 20.836 20.57/57
unquoted
May
20.45b/55a 20.39/39
20.80/80 20.45b 20.40/40 20.20b
.18 of
Elec, Bond & Share $5 pf:
57
Timken-Axle
280
.18***off
Elec Boud & Share $6 pf. 66
Trans-America Co.
5
17 off
Elec. Power & Light 7 pl.. 31
20th Cent. Fox.
6
20 off
Flatkote
17
Union Bag & Paper Corp.
13
Gen. American Trans,
532*
Union Carbide & Carbon
731
THE CHASE BANK
Gen. Electric
.35
Union Pacific
B31
July
887/883 881/88 894/89+ 88/871 871/871 881/89 841/847 831/831 85/86
Gen. Motors
504
United Aircraft
up
451
18, QUEEN'S BROAD, CENTRAI
טו t
Gens Raliway Signal
16
United Airlines-Trans
181
up
Gen. Tire & Rubber
14
United Corpa
14..
HEAD OFFICE!
Friday's sales:-18,036,000 bushels CHICAGO CORN December
Glidden Co.
152
United Corpn. $3 cum pl.
324
Goodrich (BF)
• 151
United Gas Corpn...
1
May July
*
NEW YORK HIDES December March
13.15b 12,90/90
€39/631 631/834 643/641 641/641 641/64) 857/851 642/642 641/844. 851/65
13.08/06 13.01/01 12.75/75
12.77/77
uriquoted.
4.04
Goodrich $5 pf.
83
2 up
United Gas Improvement 104
Goodyear Tire & Co.
18-
| U.S., -Indústrual Alcohol. ...
221
up
Great Northern Iron Ore
172
U.S. Rubber
1 up
.14 off .13 off
241
An American Bank odering comLi plete Foreign Banking Servic in the principal Markets of the world.
Great Northern Rly, pfd.
281
U.S. Rubber $8 pfd.
811
Interest Bates on Application...
Great Western Sugar
217*
US, Smelting
65
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 & SHANGRAY BANTING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
BANK OF EAST ASIA; LIMITED
5,598,800.00
| Authorised Capital.....$10,000,000.00
Paid-Up Capital Reserve and Undivided
Profita
2,3,281.60
Head Office:-HONG KONG No. 10 Des Voeux, Road, Central. Board of Directors:
BIR SHOUDE CHOW, Chairman Li Koon Chen, Esq. Li Lan Bang, Eat. P. K. Krok. Eag. Wong Cha Son, Esq. Wong Tun Tong, Esq. Kan Ying Pe.. Chatt Ching Shuk, Esq. Fang Ping Wab Esq
18, PINE STREET,
NEW YORKKAN TONG PO, ESQ., Chief Manager
Tu Fora, Esq., Manager
·Brancher and Agencies;--
Kowloon Loudon
Pranc Bing spore BLANCSON Boumabaya
Halborsie Bak Fran- Bydney
1J
Amoy
Bombay
Hil Balgoo
Creatis
'Greyhound, Corpn.
114
Ü.8. Steel
71
SAFE DEPOSIT BOXEB
Hadphong
Haganska
Hankow
New Tork Stallë.
confer
Hercules Powder Co,
73*
Vanadium
341
Bonoluia
Faris
Homestake Mining
81.
Vultee Aircraft
81.
This Bank is entirely owned by
Kode"
Bhangha
Int Nickel
281
Walworth Co.
THE Chan NATIONAL BANK
Inter. Paper & Power
164
Int. Tel. & TEL .....
24
Warner Bros. Pict. Westinghouse Elec.
Naw Your, with Resources of
27
U.S.$2,900,000,000
1041
361
Woodward Iron Cor. Chase Nadmial Bank National City Bank
317
*33*
271"
FROM ROZA BROS,
Saturday, Nov, 18. Silver prices dropped 1/18 yes- terday for both "deliveries, quotations were 231/4 for
Ready and Forward. Silver ad- vices reported the market as be- ing very quiet and featureless. American Silver was" quoted 34.3/4 for Spot
NEW YORK STOCKS:-Previous close, 135.59 Today'a close,TM 13473;
Change, off 88.
YORK COMMODITY MARKET
The London/New York crossChicago Wheat, Des. ratè was quoted at 403.1/2. York/London was quoted at
STERLING
New Chicago Corn, Dec.
404 New York Hides, Dec.
NEW YORK COTTON Dec. (New contaret) January March May July October
There were sellers at 1/2.31/32 November-January. buyers at 1/3 for Cash, No business was report- ed.
A small transaction was report- ed at 339/16 for December. The
market closed with sellers at 23. January 3/16 for Cash. buyers at 23.5/8 March for. CashTM
SHANGHAI DOLLARS
...... 20.40b Total sales:-310 tons. Business was done early in the CHICAGO WHEAT morning at 390.1/2 and 397. The December
market closed with sellers at 397. May.............. buyers at 398
SHANGHAI MARKET Sellers. of Sterling Kor Spot were quoted at the opening at 3,51/64 and U.S. Dollars at 5,31/32.. Towards the close sellers for Sterling were quoted at 3.49/84 for Spot and' US. Dollars at 5.29/ 32 for Spot
Shanghai Exchange
Shanghai, Nov. 18 (Reuter).
Official T.T. Rates
London
New York
Japan
India
Hongkong
Spot
Nov.
Dec
Spot
ΜΟΥ.
́24-3/8 ..
Opening 0/3-11/16 5-3/4
..... 20-3/8 N 24-1/2..
Sterling
Rellers
Opening Closing
0/3-51/4 0/3-49/64 0/3-51/4 0/3-49/64 ́0/3-28/32 -0/3-3/4
U.S. Dollars
$5-31/32 $5-20/32
5-31/32 5-15/16
5-29/32 Doc......
5-7/8 Market:-Inclined to be easy.
Silver 'Duty Rate
The Central Bank of China's rate on London at 10 am.. today was 1/2-1/2a.
The Equalisation rate was 23
per cent.
Galcoma Exchange
mugita, Nov. 16 (Reuter).
TT, on Japan, 81-1/4
India Rupee Paper
Bombay, Nov. 16 (Reuter), Govt. 34% Rupee, 02-06-0,
SILVER MARKET ROMBAT HILVER"
Bombay Hor: 15 (Router), bet-Steady, oftake 25 bars
Ready
· Rodina Mini Bilyer
26 Settlemanić
Dec. 27" Settlement
61-21
61-12
61-13
Total sales for the day:-122 lots. N.Y. Official Silver ... 34-3/4 NY-London Cross. Rate 4.04
LONDON STOCK | LONDON METALS
EXCHANGE
(REUTER'S SERVICE)
London, Nov. 15.
The following quotations are the
· EXCHANGE
London, Nov. 14 (Reuter). Tin, Standard, Cash, Price £259-1/4
Middle
Tin, Standard, 3 months. Middle
Market quiet and featureless,
middle prices at the close of the Price, £280-5/8. market in London. All quotations are subject to confirmation and no responsibility is assumed for errors
in transmission.
War Loan, 31% (Red,
after 1952) anton-Kloon Rig. 5% B" hinese 41% Gold Loan
1898 (Brit. Imme
hin. 44% Anglo-French
Loan, 1908
Chinese 5 Crian Loan.
1912
Chinese 5% Reorg Loan
1913-(Ldn-Is)-
བུ་
Jap, 8 Ster Loun, 1924 271
Ger 7% Inti. Loan, 1924 8 Chartered Bank ...
Budd Mfacturing Corp.
Kennecott Copper
Lai ry Foundry & Mac. Libbey-Owens-Ford Glass 461*. Lockheed Aircraft
1040
30%
DOW JONES AVERAGE
High Low Dow Jones Averages
182.80 111.84 30 Tndustrials
32 67 29.15.20
Rails
Nos," 18, 135.59
20.93
Nov, 17, 3940.
High Low Close
Change
135.62 133.99 134.73 86 off 39.61 29:46 29.51 42 aff
NET
38.45 18.03.20 Utilities
90.00 83.00 40' - Bónda
64.07 48.47 11 Commodity Index
21 081.05 20.87 20.96
90.94
57.45
10 off 90.70.14.off .87.44 .01 off"
Business Done-490,000 shares
D. M. BIGGAR,
Bacond Fios Pram
A Job
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW SHANGHAI TSINGTAU, CHEFON
1018
HK, & 8'hat Bank (Ldn
Reg.)
32
HK. & Shai Bark (Col
Chinese 5% Gold Bonds.
1325-47
35
Feg) Chinese Eng. & Mining
72
+ DESFETI
14/-
44
Chosen Corporatiun
13
Pekin Sudicate".... ..... S'hal Elec. Constr. Co. ... 15/- Bhal, Waterworks “A”.
13
-Uniori-Insurance i
20
TO
Chinese: 8% Ster. Noter ----1925 (Vickers)”
Chin. Imperial Rly, 5%
Gula Kalumpong Rubber 15
B-A, Tob, (bearer)
[9077)
Mercantile Bank
..... 101
Loan
44
Dunlop Rubber
-33/8
Yonan Rly, 8%
10
Bristol Aeroplane
10/8
Imperial Chemical Ind. 29/9 United Steel
21/9
Woolworths
160":
All steamers berth alo
Maraman Investments 7/6
the Roosevelt Terminal
Western Holding's
9/3
the French Concessit
Sub-Niger
178
Shanghai, where pass
hell Trans&Trad.
and cargo are landed:
(bearer)
37/6
For further per
please
Hukuang Rly 5%. 1911..
(LP. N/Y Issue) Aukuang Rly 5%, 1911
<German Issue) Lang Tsing & D. Hai.
Riy 5% 1913...
S'hal-N'King Rly, 5% 11 Tientsin-Pukow Rły, 60%.
\\(Brit. Stpd.). Tientsin-Pukow Rly, 5%
(derman Stud) Tientsin-Pukow Rly 6%
(Brit. Stpd, Bupl. Loan Tientsin Pukow Fly, 5% (Ger Stød, Supl Loan)
Nat Defence Bonda, 3% 1013 London-Midlands-Scot-
tish 3%
Great Western Rau
way: 3
Nat Bank of India 894
and TIENTSIN
KOBE and OSAKA
BINGAPORE FENANO and CALCUTTA
SANDAKAN
HAIFHONO
LATHESON& Co. Li
TELEPHONE ZOMIL GENERAL MANAGERS
Every description of Banking sad Exchange business transacted. Loans, granted on approved securities,
Current Accounts epened in Locali Currency and Fixed Deposita re- ceived for
one year or shorter perioda in Local and Foreign Cur rancies on terms which will be quoted on application.
SAFE EXPOSIT Boxks To Lar
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Bpecially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB 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 Atrodipal Commercial-Centres of the World, we are able to extend to our Clients special facilities-for- Domestic and Foreign Banking and Exchange
Head Office:—SHANGHAI Hong Kong Branch.
4, QUEEN'S ROAD, C. South China Offices:
KONGMOON TOISHAN
CANTON BWATOW
SHIUCHOWKINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government bota, at Home and Abroad.
SHOU. CHE