(Johore) Tientsia Makdon Tokyo New York Tsingtao,
MEDAN
NEW YORK PRIPING
(Peking)
(Bhuket)
TSINGTAO
TOKOHAM
FOREIGN EXCHands and General“ Banking Business transacted.
ÛURENT ACóuirts opened vand FIXED DEPOSITS” received for One "Year of shorter perioda' in Local or Other Currencies "at" rates which will be quoted on application.
Adams Express
Alleghany Steel Co.-
Allis Chalmers
Aluminium Ltd.
415
Amer. Can ......
On demand
69 3/4
NEW YORK, Sept. 11, 1940,
Amerlean Cyanamid B.
On Japan:~-
On demand
-108
SINGAPORE RUBBER
Previous - Sept. 11
Close Opening Closing
Amer. & Foreign Power
Change
On India:-
Telegraphic Transfer.
SPOT
and demand
192 19
OCT.-DEC.
On New York:-
JAN.-MAR,
Buyers Buyers 37-3/4 37-1/2 37-1/2 38-3/4
36-1/2 36-5/8 35-1/4 35 cts. 35-1/8
Amer Amer. Locomotive
& Foreign $7 pf.
off 1/4
Amer. Metals Co.
off 1/8 of 1/8
Amer. Radiator
Amer. Rolling Mill
Amer. Sting and Ring Co.
The market was dull: LONDON RUBBER
Amer. Sugar Redning
buyers
******** 41 7/19
Previous clase Today's close
buyers
Change
Amer. Tel, & Tel ...............
Amer. Tobacco ̈"B"
3e1
12-1/4
OCTOBER NOVEMBER
12-5/10
Unreceived
Amer. Waterworks
Anaconda Copper
12-1/4
Atchison, T. & 8, Fe.
JAN.-MAR,
12-1/8
Aviation Corp.
- 97.1/4.
APRIL-JUNE
11-7/8
44 3/4
On Sterling Notes:-
On Bangkok:→
On demand
Bank Buying Rate
Bar Silver per oz.
1/5 1 23 7/16
ri
London
New York
Japan
India
Opening
.:. 0/3-3/8
5
21-1/4 18-5/8
Spot
Oct.
0/3-15/32 0/3-1/2
U.S. Dollars
Spot
$5-1/4
$5-9/32
Sept.
5-1
Oct.
5-7/32
-5-9732- 5-1/4
January
Market:-Quiet.
Silver Duty Rate
The Central Bank of China's July rate on London at 10 a.m. today Spot was 1/2-1/2d."
The Equalisation rate was 24-1/4
per cent.
Calcutta Exchange
March May
}
Close 9.30/30 -0.26/28-
9.160 9.10/10 8.910 8.71/71 9.62n Total sales Tuesday:-47,300 bales.
"NEW YORK COTTON: Domestic consumption and exports 1940- A crop of 12,770,000 41 are estimated at around 10,500,000, bales. bales, as forecast in the Government report, would necessitate tax-
149 1/2 ing around 2,200,000 bales into the Loan. Consequently the amount
of Loan will become a dominant factor.
Shanghai Exchange
Shanghai, Sept. 12 Reuter).
Official T.T. Rates:
Hongkong
Sept.......
Sterling
·Sellers
22-3/8
Opening Closing 0/3-31/64 0/3-33/64 0/3-31/64 0/3-33/64
NEW YORK RUBBER: The National Defence Advisory Commis- sion expects shortly to complete a plan for synthetic rubber produc-i
tion.
CHICAGO WHEAT: The strength of the cash position con- tinues to be the price-substaining influence.
NEW
YORK STOCKS: Previous close. 129,81; Today's close,
129.36 Change, of 25.
NEW YORK COMMODITY MARKET
(REUTER'S SEKVICE)
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON Oct. (New contract) December
Bliss Co.
Baldwin Lecometive
Baltimore & Ohio
Barber Asphalt Co.
PAGE 10--HONGKONG. DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 12, 1940
On London:-
Telegraphic Transfer. 1/8 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months” sight 1:3 1/2
On Shanghai:
On demand
On Singapore:----
Bank Bills, on demand 22 3/8
Credita, 60 days' sight 23 1/4
On Batavia:--
On demand
On Paris:-
Bank Bilis, on demand 1085 Credits 4 months' sight 1160
On Saigon:-
On demand
"On"Manila:-
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) SEPTEMBER 12, 1940
FRIDAY, SEPTEMBER 13, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised Capital....... $50,000,000
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858
Reserve Funda:
Paid Up Capital£3,000,000 £8,500,000 Reserve, Fund
Starling
......$3,000,000
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors....
Roserye Liability of
Proprietors
.$20,000,000
Head Office:-HONG KONG
Board of Directors: E. V. Wilkinson, Esq.,
Sir Vandeleur M. Graybura,
Chief Manager,
£3,000,000 HEAD OFFICE: LONDON:
38, Bishopsgate E.C.i. Sub-Agandles In London: 117/123, Leadenhall Street, E,C.)- West End Branch:
14/16, Coolspur Street, S.WI Manchester Branch; 39, Mosley Street, Manchester, &
AGENCIES AND BRANCHES
BOMBAY
CALCUTTIN
HARBIN
PENANG HONA HONG LINGGOT ILOILA
BALCON
KARACHI KLANG".
AGENCIES: KOBI CLAVE STREET KUALA Burete PACT
CANTON
** BERUMBAN
SHANGHAI
SINGAPOR
81TIAWAN
BOURABAYA
LUMPUR. TAIPING
KUCHING.
MADRAS
TIENTBLA
ТОМСКАЯ
Last Sale!
STOCKS
Last Sale
Sept. 11
Sept, 11
5
Loew's Inc.
25+
713
Loft Incorperated
201
331
Mack Truck Inc.
22
82
Martin. Glen L.
301
J
97
McKesson & Robbins," pt4. 21
341
Montgomery Ward
40
14
Mtain City Copper Ca.
-31*
16
| National Aviation ......
10*
134
Nat, Dairy Products
134
163
National Distillers
213
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman. J. E. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
7
National Lead
171
G. Miskin, Esq.,
114
Nat, Power & Light
ALOR STAR AMRITEAR
71
K. S. Mozrison, Esq.,
36
National Supply Corp."
TE. Pearce, Esq.,.
BANGKOK BATAVIA
134
New York Cental
13
C. C. Roberta, Esq.,
L637
| Niagara Hudson; Power
Hon. Mr. A. L. Shields,
77
N. American Aviation ....
164
84
North American Co.
18
211
"Northern Pacific
61"
161
Owens-Illinois Glass Co.
53
41
Pacific Gas & Elec
291
Amoy
Branches: Johore Rangoon
CAWNPORI
CinỰ
14}
Packard Motors
34
Bangkok Kobe
COLOMBO
MANILA
41.
Pan-American Airways
13
Batavia
Kowloon
Baigon San
DELHI
101
Paramount Pictures
51
Bombay Kuala
HAIPHONG
Francisco
Barnsdall O11......
81
Pennsylvania R.R
201..
Calcutta Lumpur Shanghai
HAMBURG HANKOW
Bendix Aviation
29
Philadelphia Read, Coal
Canton
London
Bethlehem Steel
78 →
Phillips Petroleum
361
Chefoo
Lyons
Singapore Sourabaya
:14
Colombo
Public Service of N.J.
Malacea
354
Sungei
Dairen
Manila
Boeing Airplane Co.
151
Pullman Ind.................................
191
Focchow
Muar
Patani Swatow
Borg-Warner
174
Pure Cil
71
Haiphong
Briggs Mfg.
21
Radio Corpn. of Am. ............
43
Budd M'facturing Corp,
4'
Reading Company,
Com
143
Canadian Pacific R'way
34
Remington Arms Co., Inc.
40*
Hankow Harbin Toile
Case, J.I.
504*
Republic Aviation Corp....
5
lp
Penang
Celanese
28
Republic Steel
162
Chesapeake & Ohio
391
Revere Corp.
9+
Chrysler Corpn.
75)
Reynold Tobac. "B"
36
Columbia Gas & Mec.
54
Safeway Stores "
43
Commercial Credit Co.
314
Schenley Distillers
91.
Prev. Today's Close High Low
Close Change. 9.29 9/25 9:26 9.28 .02 up
18.97 19.12
10.08b 18.97b .09 off
Comm. & Southern (Ord.)
11
Sears Roebuck
801
Consolidated Edison
271
16
Shell Unton OU
9
771
76
761 763
קון 4
Consolidated "Oll Continental Can Continental 'OLI
61
Socony-Vacunum Of
87
381
Southern Pacific
BA
181
Southern Rly $5. pfd.
191
571
563
57 571
up
Copperweld Steel
18
...... 10.09
9.64
9.80b 9.64b 16 of
Spicer Manufacturing Co. 31
Curtiss Wright (C.)
74
Standard Brands ....
61
Opening
Closing
Change
Curtlas Wright "A"
202
Stand Gas & Elec.
14"
Deere & Co.
161
9.30/30
0.31/31
01 up!
Standard Oll of California
184
9.26/25
9.12b/16a
9.28/28 9.17
12 up
Distillers Corpn. Seagrams
167
Standard Olof N.J.
35
Douglas Aircraft .....
78
01 up
Stone & Webster
Du Pont de Nemours......
168+
9.08/08 8.90/90 3.712
8.10/10 8.91n 8.71/71- 9.63m
unch
Studebaker Com,
73
Eagle Picher Lead
BA
Swift International
19
Eaton Mfg. Co.
304
Technicolor
01
Elec, Autolite
35
01 up
Texas Corph.
36
Hee. Bond & Share
5+
Texés Gulf Sulphur
314
Elec. Bond & Share $5 pr.
633
Timken-Axle
25
NEW YORK RUBBER
Elec Band & Share $6 pf.
70
Trans-America Co.
44
December
January
March
Calcutta. Sept. 11 (Reuter).
May
T.T. on Japan. 31-1/4.
19.08b/07a 18.95 N 18.85 B 18.75
19.05b/08a unquqoted 18.75b/90a 18.85a
13.97b/19.30 .09 off
18.86b 18:80b 18.706/75a
.09 off
Elec. Power & Light $7-pf. Flintkote
354
20th Cent. Fox.
51
14
Union Bag & Paper Corp.
11
.05 off
Gen. American Trans.
472
Union Carbide & Carbon
714
..05 off
Gen. Electric
33
Union Pacific
86
THE CHASE BANK
Gen. Motors
461
Dalted Aircraft
394
"Total sales:-1,320 tans
Gen. Railway Signal
124* United Airlines Trans
151
18, QUEEN'S BOAD, CENTRAL
CHICAGO WHEAT
2
Gen. Tire & Rubber
12"
United Corpni
1
December
May
76)/761
778/771
761/76
762/762
782/76% 772/772
up
Glidden Co...
131
United Corpn. 53 cum pt. .361
HEAD OFFICE;
up
Goodrich (BF)
124
United Cas Corpn.
*
Goodrich 35 pt.
54
Tuesday's sales:-9,838,000 bushels.
United Gas Improvemen
111
Goodyear Tire & Co.
151.
U.S., Industrual Alcohol.
183
CHICAGO CORN
Great Northem Iron Ore ..
143*
US. Rubber
217
+
September
631/831
631/631
up
Great Northern Rly, pid,
.25"
US. Rubber $8 pfd.
in the principal Markets of th world.
December
57/57-* 567/561
57+/571
tup
Great Western Sugar
211.
US. Steel
541
Interest Rates on application.
Ammay
May
..... 581/581
581/581
581/531
unch.
Greyhound Corpn.
11***
Vanadium
304
Baria
Bombay
Hercules Powder Co.
84
WINNIPEG WHEAT
Vülfee Aircraft
81*
Dialogulitan
International Harvester
45+
Walworth Co.
4+
Baskow
Blow York
October
731a
73ja
unch.
Int Nickel
27
Warner Bros. Pict
24
Pariz
NEY YORK HIDES. December
il
Inter. Paper & Power
141
Pelplog
Westinghouse Elec.
*1024
Market-Qulet.
Ready......
63-02
Sept. 25 Settlement.... 63-02
Oct. 23 Settlement
*****. '63-02
March
9,80b/83a' - 10,00/09 9.94b
10.15/15
9.64b/68a 9.80/80
.18 off
Int. Tel & Tel
21
Woodward from "Cor.
201
14 of
Kennecott Copper
28
Chase National Bank
Lakey Foundry & Mac.
31
National City Bank'
34-3/4
34-3/4
Libbey-Owens-Ford Glass 40 Lockheed Aircraft
U.S. Smelting
58*
27
4.03-1/2
India Rupee Paper
Bombay, Sept. 11 (Reuter). Govt. 31 Rupee, 90-02-0.
SILVER MARKET LONDON SILVER London, Sept. 11 (Reuter). Silver-Little cash offings, Business small, Market very qutet.
Spot, 23-7/16d.
Forward, 23-7/16d.
BOMBAY SILVER
Bombay, Sept. 11 (Reuter),
Offtake 25 bars.
Indian Mint Silver
LONDON STOCK EXCHANGE
LONDON, Sept. 12 (Reuter) The Stock Exchange was quiet. mainly and fractionally caster in the absence of support. Losses however, were only small while occasional gains were recorded by the leading Industrials.
Wall Street was firm,
Total sales for the day-174contracts.
New York Official NY-London Cross Rate 4.03
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Sept. 11.
The following quotations are the ulddle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors
in transmission.
1-6
RESERVE BANK OF War Loan, 34%
after 1952)
(Red
1007
INDIA STATEMENT Janton-Kloon Rly. 5% 7
Chinese 41% Gold Loan Calcutta, Sept. 11 (Reuter).
1898 (Brit. Issue) ..... Aug. 30 Sept. 6
Chinese 5% Gold Bonds. 1025-47 ........................................... Chin, 43% Anglo-French;
Loan, 1908
Notes in circulation (including Notes held in the Bank,
ing Department)... 26,016 25,921 Rupee Coin and Bul- ..
Iton, in India
Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supi. Loun) 8
Tientsin-Pukow Rs. 5%
(Ger. Stpd. Supl Loan) -8 ap. 6% Ster. Loan, 1924 33 Ger 7% Intl Loan, 1924 5 Chartered Bank HK. & S'hal Bank (Ldn.
Reg.) HK. Bhai Bank (Col
Reg) Chinese Eng Mining
(bearer)....
66
72
1939/40
DOW JONES AVERAGE
Bigh Low Dow Jones Averages 152.80 111.84 30
Sept. 12, 1940.. High Low Close 131.21 128.07 129.36 28.3997.02 27.05 9:49 2227 92.97
Change .25 off 17 06
I-ex, div.
Industrials"
Sept. 10
¡29.81
22.67 29.16 20 "Rails
28.12
28.45 18.03 20. Utilities 90.81 83.06 40 Bonds
29.31
88,15
89.11
.04 off
04:0
64.07 48.74 11 Commodity Index
51.25
.04 up
Business Done;-460,000 shares
Peiping Yokohama
+
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED Durosrrs on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Car- undertakes Executor and Trustee renotes on terms which will be business, and claims recovery of
quoted on application.
Also up to date SAFE DEPOSIT Boxes in various sizes To LET Hong Kong. 28th February, 1940.
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., 1930.
18, PINE STEKET,
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
RA. CAMIDGE,
Manager.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital .......... 5,568,600.0F Reserve and Undivided
Profits
: 2,483, 281.80.
Head Office:~HONG KONG -- No. 10 Des Voeux Road, Central,
Board of Directors:
SIR SHOPBOX Crow, Chairman Li Koon Ubrin, Exq, Li Lan Sang, Eaq.. P. K. Erok. Esq., Wang Chu Son, inq, Wong Yun Tong, Esq. Kan Ting Fo, Eng.
Chan Ching Shok, Esq. Fung Ping Wah Esq. NEW YORKKAN TONG PO, Esq., Chief Manager
An American Bank offering com
plete Foreign Banking ServicLi Ta Faso, Esq., Manager
SAFE DEPOSIT BOXES
Branches and Agencies; -
Kowloon Pensez Bisgapeco London Rangoon Sourabaya Meilla Balgon Bwtow Melbourne · San Fran- Sydney
kafana Membalm
Bemarang
Hntyhong / Magunka
This Bank is entirely owned bomalain
TEX CHASE NATIONAL BAN
Naw Youx, with Resources of or
7.8.$9,000,000,000.
D. M. BIGGAR,'
Second Vice Prate
A job?
WANT ADS
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 ceived for one year
or aborter periods in Local and Forsign Cur-, rencies on terms, which will "be quoted on application."
SAJE Dreösit Boxes To- LET.
KAN TONG PO,
"Chief Manager.
INDO-CHINA
BANK OF CHINA
"Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS AN AB -INTERNATIONAL EXCHANGE
BANK
STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL $40,000,000.00
Operating Services for Cargo and Passengers
and TIENTSIN
SINGAPORE, FENANG and CALCUTTA
SANDAKAN
HAIPHONG
All stenmera berth alongside the Roosevelt Terminal in the French Concession at
Shanghai where passengers and cargo are landed.
JARDINE MATHESON&Co.,LTD. TELEPHONTELEORİK GENERAL MANAGERS
(BRANCHES ALL OVER CHINA) "Owing to our numezona Branches [in China and connections in the principal Commercial Centres" "of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Ixchange
Head
Office:—SHANGHAI
Hong Kong Branch:
4, QUEEN'S, ROAD, C. South China Offers:
CANTON
SWATOW
SHLUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Publio Funds of the Chimes Government both at Home. and Abroad,
SHOU J. CHEN,
Manager
30
Chosen" Corporation
Pekin Syndicate
S'hai Elec. Constr. Co.
15
STal Waterworks "A"
13)
TO
Union Insurance
20
3,464 3,369
Chinese 5% Crisp Loan.
1912.
Gula Kalumpong Rubber
13/9
SWATÓW, SHANGHAI, TSINGTAU, CHEFOO
12
B-A; Tob, (bearer)
Cold Coin and Bul-
lion in India.
4.441
4.441
Chinese 5% Reorg Loan.
1913 (Lan. Is.)
Mercantile Bank
76/3 11-1/16
:
KOBE and OSAKA
18
Dunlop Rubber
-28
(British
13,150 13,150
Securities (Indian
Government) 4,960 Securities
Government)
LONDON METALS
Tin.
EXCHANGE
London, Sept. 11 (Reuter),
Standard, Cash, Middle
Price. £248-1/2.....
Tin, Standard, 3 months, Middle S'hai-N'King Rly, 5%
Price, £251-1/4
After easing on early smelter
selling, the market rallied by 40-1lentsin-Fukow-RIY: 5%
on consumers support..
4.981
Chinese 8% Ster. Notes,
1925 (Vickers)
Bristol Aeroplane
9/12
9
Imperial Chemical Ind.
25/9
Chin. Imperial Ry. 5%
United steel.........
17/1
Lean Honan Rly, 5%
38
Woolworths ...............***
58
9
Maraman Investments .*. 8/9
Hukuang Hly. 3%, 1911... (LP. N/Y Issue) ....... Hukuang Rly. 8%, 1911
German Issue)
Western Holdinga
9/
12
Sub-Nigel
155
Shell Trans ̈& Trad.
(bearer)
36/3
Lung Tsing & U. Hal
Rly. 5%. 1913
Nat Defence Bonds, 3% 101 Landen-Midlands-Scot
For further particulare
please apply to-
tlab. 3%
114
Tientsin-Pukow Rly 5%
Brit. Stpd.).....
Great Western Rail-
way, 3%
28t
Nat. Bank of India. 3%
241
(German Stpd)
-ex-dividend
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