1940-09-09 — Page 10

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"COMMODITY MARKET

420

52 3/4

NEW YORK, Sept. 7, 1940.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

EXCHANGER

CLOSING QUOTATIONS

SEPTEMBER 7, 1940.

On London:-

Telegraphic Transfer. 12 7. On Demand selling ... 1/2 7/8 On Demond buying ... 1/3 3/8 Credits 4 months' sight 1/3 5/8

On Shanghai:-

On demand

On Singapore:-

On demand

On Japan:-

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

(FROM PAYNE & CO.)

REVIEW

NEW YORK STOCK EXCHANGE

STOCKS

· QUOTATION (REUTER'S SERVICE}

SEPTEMBER 8. 1940,

MONDAY,

SEPTEMBER 9, 1940..

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA AND CHINA

Authorised Capital $50,000,000

Imued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1859

Reserve Funds:

Sterling

£8,500,000

Reserve Liability of

H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-

Paid-Up Capital Reserve Fund

£3,000,000

Last Sale

STOCKS

Last Sale

Proprietors

-$20,000,000

prietors

£3,000,000

Sept. 7

Sept 7

HEAD OFFICE: LONDON:

Adama Express

Lockneed Aircraft

Head Office:--HONG KONG

Alleghany Steel Co.

221

Loew's Inc.

261

Alls. Chalmers

341

Loft Incorperated

221

Aluminium Ltd.....................

+97

Mack Truck Inc.

Amer. Can

98+

Martin, Glen L

September 7

American Cyanamid B. ...

311

McKesson & Robbins, pfa.

On demand

95 1/2

SINGAPORE EUBBER

On India:-

Telegraphle

Transfer.

S P T

and demand

82 1/2

OCT.-DEC.

On New York:-

JAN.-MAR.

Close Opening Closing Change Buyers Buyers 37-3/4 37-5/8 37-3/4 36-7/8 38-3/4 36-7/8 35-3/8 35-1/4 35-3/8

Amer. & Foreign Power ...

Montgomery Ward

421

Ame: Foreign $7 pf.

16*

Mtain City Copper Co.

unch,

Amer. Locomotive

147

National Aviation ...........

101*

Amer. Metals Co.

171

Nat. Dairy Producta

141

Hon Mr. 8. H. Dodwell,

Amer. Radiator

National Distillers

213

G. Miskin, Esq.,

Bank Bills, on demand 12 1/2 Credits, 80 days' sight 23 3/8

On Batavia:---

On demand.

On Paris:-

The market was quiet but steady. LONDON RUBBER

Amer. "Rolling Mill

National Lead

K. S. Morrison, Esq.,

174

1. E. Pearce, Esq.y

buyers

Previous close Today's close

buyers

Amer. S'ting and Ring Co.

40+

Nut. Fower & Light

77"

Change

Amer, Sugar Refining

141

0. C. Roberts, Esq.;

National Supply Corp.

42 1/8

Amer. Tel & Tel.

167

Hon. Mr. A. L. Shields,,

New York Central

14}

SPOT'

12-3/16

Amer. Tobacco "B"

76*

October

NOVEMBER

JAN.-MAR.

On Bangkok

On demand

On Sterling Notes:-

Bank Buying Rate

Bar Silver rer oz.

23 7/16

featureless.

December

January

March

Bank Bills, on demand 1085

Credits 4 months" sight 1160

On Salgon,

On demand............. 07 3/4

On "Manila-

On demand

Market Report

149 1/2

1/8 1/2

FROM ROZA BROS.

Saturday, Sept. 7.

Silver prices were unchanged

yesterday the quotations remain-

ing at 23.7/16 for Ready and

APRIL-JUNE

NEW YORK COTTON: Scale-down buying by the trade was "the only support today and a narrow sagging tendency is probable pend- ng a smaller crop movement. "Cotton cloth sales were encouraging. CHICAGO WHEAT: There was a renewed local buying, follow- ing buying in the Kansas City market, in anticipation of a further tightness in the cash position.

NEW YORK. STOCKS: Previous close, 133.12; Today's close, 132:78: Change, off 34.

NEW YORK COMMODITY MARKET

23.1/4 for Forward. Silver advices New York Cotton, Dec. reported

quiet and

the market as being Chicago Wheat, Dec.

American Chicago Corn, Dec.

Silver was quoted at 34.3/4 for NEW YORK COTTON Spot.

The London-New York cross Oct. (New contarct)

rate was quoted at 402.1/2. New

York-London was quoted at 404."

Prev. Today's

Niagara Hudson Power

12-3/16

12-1/4 12 11-3/4

Market closed

Amer, Waterworks Arraconia Copper

N. American Aviation ......

237

"Nörth"""American" "Cor 1

201

Branches:

Atchison, T. & 8, Fe. Aviation Corp. ....... Baldwin Lecometive Baltimore & Oblo Barber Asphalt Co.......... Barnsdall Of ....

171

Northern Pacific

Owens-Illinois" Glass Co.

Amoy

Johore

.15]

Bangkok

Kobe

Pacific Gas & Elec

291

Batavia

Kowlron San

Sir Vandeleur M. Grayburn,

Chief Manager.

„GA BUYONI.

DAWNPOBI CEBU DOLOMBO DILEI

Board of Directors: H. V. Wilkinson, Esq.,

Chairman. Hon. Mr. J. J, Paterson,

Deputy Chairman, J. K. Bousfeld, Esq., A. H. Compton, Esq.,

39, Bishopsgate E.CS.

Sub-Agencies In London:

117/129, Leadenhall Street," E.0.3. West End Branch: 14/16, Cockspur Street, B.W L Manchester Branch:

D2, Mosley Street, Manchestar, %

PENANG

BANG00%

AGENCIES AND BRANCHES ›

KARBIN EONA LONG ILOILO IDE KARACHI

ALOE STAE AMRITSAR BANGKOK BATAVIA BOMBAY

CALOUTTA

AGENOIRD:

KLANG

KOBA

BALGON

SERTHBAN

SHANGHAT'

SINGAPORA

SITIAWAN

CLAVE STREIT KUALA FAIRIN PLACE

BOUBABATA

TAIPING

KUCHING

TIENTSIN

Rangoon Saigon.

MADRAS

TONGELE

MANILA

(Bhuket)

MEDAN

TRINGTAO

Packard Motors

Bombay

Kuala

Francisco

HAIPHONG

NEW YORK

YOKOHAM

Pan-American Airways-

15...

Calcutta Lumpur

Shanghai

Paramount Pictures

Canton

London

Singapore

Bendix Aviation

317

Pennsylvania R.R

212

Chefoo

Lyons

Sourabaya

Bethlehem Steel"

701

Philadelphia Read, Coal

Colombo Malacca

Sungei

Bliss & Co.

*15*

Phillips Petroleum

361

Dairen

Manila

Boeing Airplane Co.

Public Service of NJ,

363"

Foochow

Borg-Warner

181

Pullman Inc.

Haiphong

Bankow

Briggs Mfg.

211

Tokyo

Pure Of

Budd M'facturing Corp.

Radio Corp. of Am.

Harbin (loilo

Canadian Pacific R'way

Reading Company,

Com

14"

Ipob

(REUTER'S SEKVICE)

Case, JL......

53"

Remington Arms Co., Inc.

Celanese

201

Republic Aviation Corp.

High Low Close Close Change

9.32 9.21 9.33 9.21

Chesapeake & Ohio .......................

Républic Steel

171

12 of

Chrysler Corpa,

Revere Corp.

101

זיד

767 707. 767 571 50. 567 571

Opening Closing

unch.

Columbia Gas & Elec

Reynold Tobac. "B"

364

# up

Commercial Credit Co.

35.

Safeway Stores

יו

Change

Com, & Southern (Ord.)

.14

Schenley Dist Bers

Consolidated Edison

281

Sears Roebuck

804

0.39/38.

9.33/33

...... 9.33/34

9.30/30

9.23/24 9.21/21

.15

Consolidated Oil

Shell Unton, Di

12 of

Continental Can

391

Sacony-Vacuüm On

9.23 N

9.19b/21a 9.11n

.12 oft

Continental Ou

Southern Pacific

}

9.14/14.

9.10/10

9:02/02

#12 of

Copperweld Steel

douthern Rly $5 pid,

201

Quiet.

MARKET

STERLING

May July Ispot

}

8.94/94

8.91/91

8.82/82

.12 off

Curtiss Wright (C.)

Epicer Manufacturing Co.. 31*

清明

I 0 8.74/74 3;72 {

8.70/70

8.62/62

.12 of

Curtiss Wright "A"

Standard Brands

-9.57n

15 off

"Deere & Co.”

174

-CHICAGO-WHEAT-

December

May

September

There were sellers at 1/2.31/32 up to November, buyers at 1/3 for any delivery.

U.S. DOLLARS

A small business was reported at 22.7/8 for near delivery. The market closed with sellers 22.13/16 for forward and probably near, buyers at 22.7/8 for Cash.

SHANGHAI DOLLARS Business was done early in the morning at 431 followed by trans actions at 428.1/2 and also at 429, The market closed with sellers at 429, buyers at 430 for Cash,

AFTERNOON MARKET "

Total sales Friday:-71,200 bales.

.77/761 7671.763

7727774

Friday's sales:-unavailable. CHICAGO CORN

December May

WINNIPEG WHEAT October

73ja NY-London Cross Rate 4.04 ·

Sterling opened at 3.20/84. The LONDON STOCK

highest rate touched was 3.15/32.

At the close there were sellers at 3.29/64 for Spot US Dollars opened with sellers at 5.9/32. The highest "rate touched Was. 5.5/16. The market closed with sellers at 5.9/32 for Spot.

Shanghai Exchange

Shanghai, Sept. 7 (Reutery:

Official T.T. Kates

EXCHANGE

(REUTER'S SERVICE)

London, Sept. 6.

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted

on Saturday, Sept. 7, 1940,

The following quotations are the China Lights (Old), middle prices at the close of thei

narket in London. All quotations China Lights (New) are subject to confirmation and no responsibility is assumed for errors

n-transmission.

Stand Gas & Elec. ........................

Distillers Corm. Seagranis

Standard Oil of 'California

184

Douglas Aircraft ali............

Standard Q11 of N.J.

354

Du Pont de Nemours

475

Stone & Webster

771/771.

76/77 773/73%

unch.

Eagle Picher Lead

Studebaker Com

i up

Eaton Mig. Co.

321

Swift International

18+

Elec. Autolite

Technicolor

201

Elec. Bond & Share

Texas Coryn.

Elec. Bond & Share $5 pt.

Texes Gulf Sulphur

631/63

561/57 578/573

561/561 571/571

63/621 571/571 581/358

off

Elec. Bond & Share $8 pí.

Timken-Axle

281

i up

Elec. Power & Light $7 pf.

371

Trans-America Co.

1 up

Flintkote

20th Cent. Fox.

Gen. American Trans.

Union Bag & Paper Corp.

121

73ja

7312 4.03-1/2

tunch.

Gen, Electric

Union Carbide & Carbon

75j

Gen. Motors.

48)

Union Pacifle

Gen. Rallway Signal

12/

United Aircraft.

414

Gen. Tire & Rubber”

13$

United Airlines Trans

171

Glidden Co.

141*

United Corpn.

Goodrich (BF),

134

Goodrich $5 pf.

542

United Corpn. $3 cum pr. 374 United das Corpn.

13.

Goodyear Tire & Co.

174

United Gas Improvement 111

Great Northern Iron Ore ..

U.S.. Industrual Alcohol.

20*

Great Northern Rly, pfd.

261

US Rubber

23+

500. $7.00 500 7.00 100 4:10 356 4.30 200 4.10

Great Western Sugar Greyhound Corpn.

217*

US. Rubber $8 ptd.

Muar

Patani Swatow (Johore) Tiantain Mukdes

New York Tsingtao

Peiping Yokohama

Penang

FRIPLEG......

(Peking)

FORBION Extranos and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITs received for One Year or shorter periods in Local or Other Currencies at räten which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with

CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL"CORRENCY and Fixed Deposits on application. received for one year or shorter geriods in Local and other Cur terms which will be

cancies On quoted on application.

Also up to date Sars Droer Boxes in various sizes To Lær Hong Kong. 28th February: 1948.

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 & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1839.

THE CHASË. BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PIN STREET,

NEW YORK An American Bank offering com plete Foreign Banking Bervice in the principal Markets of the world. Interest Bates on Application.

The Bank's Head Ofoe in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terme which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

BANK OF EAST ASIA, LIMITED

Authorised Capital......$10,000,000.00 Paid-Up Capital

Heserve and Undivided

Profita

5,598,000.00

2,983,281.50

"Head Office:-HONG KONG No. 10 Des Voeux Road, Central,

Board of Directors:

SIR SHOPSON CROW, Chairman Li Koon-Gban, Eup Ti Lan Sang, Eng. P. K. Kwok Esq. Wong Cha Son, Bay. Wong Tan Tong, Esq. Kan Ying l'o, Esq. Chan Ching Shok, Bag, Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager LI THE FONG, Esq, Manager..

Branches and Agencies: -

Kowloon

Penang Angapore Bangoon Bourabaya

HAMBURG. HANKOW

11*

U.S. Steel

571

SAFE DEPOSIT BOXES

Hercules Powder Co.

844

Vanadium

International Harvester

461

Vultee Aircraft

100%

Int Nickel

201

Amoy

Batavia

Loudoa

Bombay

Hanlin

Orientia

Methpura

Saigon Bralow

ifran. Spinay

Haiphong

Manaka

Hankow

henolata

Now Tork Beattle Farin

.cdaver

Paiptag

Walworth Co.

Inter. Paper & Power

153

Warner Bros. Pict

23...

HK. Docks (Old)

100 16.90 Int. Tel. & Tel

21.

Westinghouse Elec;

101

London

New York

Japan

India

Hongkong

Starling

Opening 0/3-3/8 5

21-1/4

War Loan, 31% (Red

after 1952) Canton-K'loon Rig. 5% Chinese 41% Gold Loan

101! 7

H.K, Docks (New) H.K. Tramways

500 16.90 100 16.40 100 16,00 200 18.00

Kennecatt Copper

29%

Woodward Iron Cor.

28*

Lakey Foundry & Mac. Libbey-Owens-Ford Glass

32'

421

Chase National Bank National City Bank

284

H.K. Realtys

500..

3.65

18-5/8 22-3/8

1898 (Brit. Issue

ཐཱ✖

• bid.

3156"

Sept. Sept

Oct.

Spot

Sellers

Opening Closing 0/3-15/16 0/3-29/64 0/3-15/32 0/3-29/84 0/3-29/64 0/3-7/16 U.S. Dollars

$5-9/32 $5-9/32 5-9/32 5-1/4

Sept...... 5-9/32

5-1/4

Oct....... Market: Quiet,

Calcutta Exchange

"Calcutta Sept- theater) TT. on Japan, 81-1/4.

LONDON METALS

EXCHANGE London, Sept. 6 (Reuter). Tin, Standard, Cash, Middle Price: £256-1/8;

Tin, Standard; 3 months. Middle Price, $267-1/8

Market steady. There was less smelter selling pressure, although

Chinese 5% Gold Bonds,

1926-47

Chin. 44% Anglo-French

Loan, 1908

Chinese 5% Crisp Loan.

1912

Chinese 5% Reorg. Loan

1913 (Edn. Is.) Chinese 8% Ster. Noter.

ཝཱས

consumer demand remains, nes-Ger; 7% Intl. Loan. 1924 5

ilgible.

SILVER MARKET

BOMBAY SILVER "Bombay, Sept. 7 (Reuter). Market-Steady. Offtake 25 bars,

Ready

Indian Mint Silver

Bept. 25 Settlement. Oct 23 Settlement

The total value is $28,094.60.

BANK NOTES IN

ני

CIRCULATION

Returns of the average amount of bank notes in circulation in Hongkong during the month end-

the Managers of the respective

ed Aug. 31, 1940, as certified by banks are as follows:-

Chartered Bank of India, Aus- tralia and China $26,883,305;

1939/40

t-ex, div. DOW JONES AVERAGE

High Low Dow Jones Averages 155.92 111.84 30 Industrials

25.90 £2,15-20° ·Rails

Sept. 8, 1940. High Low Close

133.28 132.54 132,78 29.31 20:10 99,21 23:08 23:03 23.05

241*

Change

**34 off 03 off

Sept.. B

133.12

29.24

Utilition

23.05

31 up

Bands

59.53

89.51

02 off

65.67 46.50 11 Commodity Index

51,49

Business Done:-220,000 shares:

27:70- 18,03′ 20-

92.22. 83.06 40.

This Bank is entirely owned by

THE CHAN NATIONAL BANK New York, withi“ Besources of suvaq) 17.8.$2,900,000,000, ...

D. M. BIGGAR,

Second Vice Pre

A Job?

WANT ADS

INDO-CHINA

Bemarang Shangha

Every description of Banking and Exchange business transacted. Loans granted on approved securities:

*rencies on

Current Accounts opened in Local Currency and Fixed Deposits, re- ceived. for one year or shorter periods in Local and Foreign Our-/

terus which will be Juoted on application.

SAFE DEPOSIT BOXES TO Lør.

KAN TONG PO;'

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

Hongkong and Shanghai-Bank STEAM NAVIGATION COMPANY LTD PAID UP CAPITAL $40,000,000.00

Corporation $200,257,228; - Mercan-'

tile Bank of India, Limited $4,789,- 165. Total $231,920,698.

1925 (Vickers) Chin. Imperial Rly. 5%

Loan

38+

Honan Rly, 5%

Hukuang Hly. 5%, 1911...

(LP. N/Y Issue)

aukuang fly 5%, 1011

(German Issue)

11..

Lang Taing & U. Hal

Rly. 6% 1813-

|8'hai-N'King Rly. 5%

Tientsin-Pukow Rly. 5%

(Brit. Stpd.) Tientain-Pukow Rly. 5% (German Stpd.) ............... Tientsin-Pukow Riy, 5%

(Brit. Stpd. Supf. Loan) 8 Tientsin-Pukow Rly, 5%

(Ger. Stpd. Supl, Loan B Jap. 6% Ster. Loan, 1924 324

Union Insurance

20."

Gula Kalumpong Rubber 13/9

B-A, Tob. (bearer)

Mercantile Bank ...

78/11 11

Dunlop Rubber

Bristol Aeroplane

29/101 9

Imperial Chemical Ind. 20/10)

United Steel

17/7

Woolworths ......

58/6

Chartered Bank ....... H.K. & S'hal Bank (Ldn.

Reg.')

6-7/16

Marsman Investments 8/9

Western Holdings.

9/3.

051

Sub-Nigel

157/6

HK & Shai Bank (Col.

Reg). Chinese Eng. & Mining

(bearer)

Shell Trans & Trad

(bearer)

Nat Defence Bonds, 3%

30/10+ 101

London-Midlanda Beat

Chosen Corporation

tlab, 3%

03-12

Pekin Syndicate .......

Great Western Bail-

03-11

S'hai Elec. Constr. Co.

way, 3% ****

03-11

Bhai Waterworks: "A"

135

Nat Bank of India, 3

Operating Services for Cargo and Passengers

TOM

SWATOW, SHANGHAI, TRINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG. and - CALCUTTA

SANDAKAN

HAIPHONG

All steamers borth alongsi le the. Roosevelt Terminal, in the French Concession at Shanghai, whore passengers and cargo are labdad."

For further particulars

please apply to

JARDINE MATHESON--COL.TB

TELEPHONE SOJIL GENERAL MANA

(BRANCHES ALL OVER CHINA) Owing to our numerous Branchen in China and connections in the.. principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Doinestic and Foreign Banking and Exchange

Head Office: SHANGHAI Hong Kong Branch:

4, QUEEN'S BOAD,"

South China Ofoes:

SANTON

SWATOW SHIUCHOW

KONGMOON TUISHAN

KINGOHOW

We also handle the fame of Bonda and other Public Funds of the Chinese Government hothair Home ind Abroad.

1940-09-09 — Page 10

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