STOCKS
Adams Express
Alleghany Steel Co. ..........
Allis Chalmers
NEW YORK Sept. 19, 1940,
SINGAPORE RUBBER
'י
Previous Sept. 19
War Loan, 31%
after 1952) Janton-K'loon Rly. 6% Chinese 41% Gold Lean
(Red
Aluminium Ltd,
1011
Amer. Can
7
Ameriean Cyanamid B.
Amer. Foreign Power ...
Close
Opening Closing
Change
Buyers Buyers
Sv.P O T
37-5/8 37-5/8 37-5/8
unch.
1998 (Brit. Issue)..... Chinese 5% Gold Bonds.
1925-47
30
Amer & Foreign $7 pf.......
Amer. Locomotive ....
35
Amer. Metals Co.
OCT.-DEC.
JAN.-MAR.
38-5/8 35-1/4
36-5/8 30-7/8 35-1/4. 35-3/8
up 1/4 up 1/8
Chin. 44% Anglo-French
Amer. Radiator
**
The market was quiet.. LONDON RUBBER
buyers
Previous close Today's close
buyers
SPOT
11-478
OCTOBER
11-7/8
NOVEMBER
11-7/8
Not yet received
JAN.-MAR."
APRIL-JUNE
11-3/4 11-5/8
Loan, 1908 Chinese 5
1912..... Change Chinese 5% Reorg Loan
1013 (Ldn. Is) Chinese 844 Ster. Notes.
1925 (Vickers) Chin. Imperial Rly. 5
Loan
44
Amer. Rolling M
PAGE_10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS® STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Sept. 19.
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 transmission.
$
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 20, 1940.
SATURDAY, SEPTEMBER 21, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.. $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Taid-Up Capital £6,500,000 Reserve Fund
£3,000,000 ................£3,000,009
prietors
„£3,000,000 HEAD OFFICE: LONDON:
$20,000,000
Head Office:-HONG KONG
Board of Directors;
E. V. Wilkinson, Eaq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
38, Bishopsgate E.0.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3 West End Branch: 14/16, Cockspur Street, S.WI Manchester Branch:
52, Mosley Straat, Manchester,
AGENCIES AND BRANCHES
HARBIN
PENANG BONG KONG BANGOO
Sterling
Last Sale
STOCKS
Last Sale
Sept. 19
Sept. 19
Heserve Liability of
Proprietors
5+
Loew's Inc.
254"
213
Loft Incorperated
215
331
Aack Truck Inc.
23
33*
Martin, Glen L
313
97%
McKesson & Robbins, pfd.. 214*
35R
Montgomery Ward
41
M'tain City Copper Co.
31
151*
National Aviation
104
1+
Nat, Dairy Products
131
1"
National Distillers
# 217
J. K. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,
1
National Lead
181
G. Miskin, Esq.,.
ALON STAR AMRITSAR
114
Nat Fower & Light
71
K. S. Marrison, Esq..
Crisp Loan.
Amer. Sting and Ring Co.
40
MANGKOK
National Supply Corp.
(101
53
T. E. Pearce, Esq.,
BAIGON
BATAVIA
IFOR
BERIMBAN
12
Amer. Sugar Redning
134
New York Central
114
0. C. Roberta, Esq..
Amer. Tel. & Tel
1621
|Niagara Hudson Power
41
Hon. Mr. A. L Shield,
DOMBAY CALCUTTA
KARACHI KLANG
SHANGHAI
SINGAPORE.
18
Amer. Tobacco "E"
767
N. American Aviation
17)
Amer. Waterworks
Sie Vaadeleur M. Grapbura,
9
North American Co.
19
Я
Anaconda Copper
211
Northern Pacific "
71
Chief Manager. Waitzia Place
CANTON
AGENCIES: KOKE CATE STATY
BIZIASAN.......
KUALA
LUMPUR
SOURABAYA
TAIPING
Atchison, T. & S. Fe.
164
Owens-linols, Glass Co. ...
544
Branches:
CAWNPORN KUCHING
TIMETSIN
38
Avlation Corp.
41
Pacific Gas & Elec
291
Amoy
Johore
NEW YORK COTTON: There was persistent trade buying. but for
eign, domestic and outside Interests were small.
light and the basis continues strong. Textile sales were large and at hardening prices, CHICAGO WHEAT: The cash market remains firm. Weather con- favourable for ditions in the West and in the South-West preparation of the 1941 Winter wheat crop. There is "talk of a possibility of some increase in the acreage.
are
NEW YORK STOCKS: Previous close. 131.28; Today's close, 131.34:
Change, 'up ..06.
Hedging was
Honan Rly 5%....... Hukuang Rly. 5%, 1911...
(LP. N/Y Issue) Hukuang. Rly. 5%. 1911
(German Issue) Lung Tsing & U. Hai
Baldwin Lecometive
15
Packard Motors
37
Bangkok
Kobe
Baltimore & Ohto
Pan-American"""Always
141
Bataria
Kowloon
Rangoon Saigon San
12
Barber Asphalt Co.
10*
Paramount Pictures ...
61
Bombay
Kuala
Francisco'
Barnsdal Ol...
**
Pennsylvania RR
217
Calcutta Lumpur
Shanghai
11
Bendix Aviation
311
Philadelphia Read, Coal
Canton
London
Singapore
Bethlehem Steel
791
Phillips Petroleum
36)
Chefoo
Lyons
Sourabaya
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Prev. Today's
New York Colton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Com, Dec. New York Hides, Dec.
NEW YORK COTTON
78
552
Rly. 5% 1913 S'hal-N'King Rly, 5% Tentsin-Pukow Bly. 5%
(Brit. Stpd.) Tientsin-Pukow Rly. 5% (German stud.) ......... Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan) 8 Tientsin-Pukow Rly, 5% (Ger. Stpd. Supi. Loan) Jap. 5% Ster, Loan. 1924 32 Ger Intl. Loan. 1924 53. 9.43 9.26 9.36 9.43 .07 up 19.03
.01 Chartered Bank..... 18.99 19.00 18.09
772 771 711 of
'hal Bank (Lan. 55} 554
558 unch 9.97 - 9.82
9.85 9.85
8:
Bliss & Co.
....
15
Colombo
Malacca
Pubile Service of NJ.......
Sungel
343
Dairen
Manila
Patani
12
Boeing Airplane Co.
16
Pullman InC.......................................................
201
Facebow
Muar
Swatow
Borg-Warner
18
Pure Oll
73
Haiphong
Briggs Mig.
213
Radio Corpn. of "Am.
47
Bankow
Budd M'facturing Corp.
4.
Reading Company.
Com
134
Harbin
Canadian Pacific R'way
38
Remington Arms Co., Inc.
47*
Iloilo
Case, I
52
Republic Aviation Corp.
51
Celanese
293
Republic Steel
171
Chesapeake & Ohio
40
Revere Corp. ..............
91
8
Chrysler Corpn. ........
773
Reynold Tobac, "B"
351
Columbia Gas & Mec.
51
Safeway Stores
45
Commercial Credit Co.
32
Schenley Distillers
101
olt
Com, & Southern (Ord.)
11
Sears Roebuck
811
Consolidated Edison
261
Shell Union Oil
87
Reg.). H.K. & S'hai Bank (Col
67
Consolidated Oll
62
Socony-Vacunum Of
9
...
Continental Can
40
Southern Pacifle
9
Hong Kong 28th February, 1940.
Reg)
72
Continental Oil
18+
Southern Rly $5 pfd. ....T
201
Close
Opening
Closing"
"Change
Chinese Eng. & Mining.
(bearer)
"Copperweld Steel
Ipob
(Jobore) Tientsin » Mükden
Tokyo
New York Tsingtao Peiping Yokohamza
Penang
CURRENT ACCOUxra opened In LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter periods in Local and other Car rencies on terms which will be
noted on application.
L
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACoors opened and FIXED DIPOSITE received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNT slao opened in Local Currency and Sterling with interest allowed at raten obtainable on application.
The Bank's Head Office in, London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on ALSO up to date SAFE DEPOSIT terms which may be ascertained as Boxes in various sizes To LET
any of the Agencies and Branches
R. A. CAMIDGE,
Manager.
NEBU COLOMBO DELHI HAIPHONG HAMBURG HANKOW
MADBAL
TONGKAR
"
MANTLA
(Bhuket)
MEDAN
-TEINOTAÐ
NEW YORK PRIPING
YOKOHAMA
181
Spicer Manufacturing Co. 32
15.
Curtisa Wright (C)
72.
Standard Brands
#61
Oct. (New contract)
9.39/39
December
)
9.36/36
9.39/38 9.37/37
JKILITY
0.20 N
9.25b/289
9.41/42 .9.43/43
9 320
.02 up chosen Corporation
4
Curtiss Wright "A"
261
Stand Gas & Elec..
11
BANK
March
{
}
9.22/23
9.25/25
9.33/33
.11 up
0 up Pekin Syndicate.....
Stat Mirc: Constr.Co~~~ S'hai Waterworks. "A"
2
Deere & Co.
184
Standard Oll of California 18)
Distillers Corpn. Seagrams...
17+
Standard QU_of_N_J.
347
131
Douglas Aircraft
77
Stone & Webster
81
Mas
(
}
9.05 N
9.08/96
9:14/14
.09 up Union Insurance
20
Du Pont de Nemours
. 1701
Studebaker Com.
7}
July
}
8.84/85
3.87/67
8.93/03
.09 up Gula Kalimpong Rubber
14/41
Eagle Picher Lead
84
Swift International
18
Spot
9.63 N
"1 9.851
,02 up
B.-A. Tob, (bearer)
78/11
Eaton Mfg. Co. ....
33
Technicolor
927*
Total sales Wednesday: 81,900 bales.
NEW YORK RUBBER
Mercantile Bank
11
Elec. Autolite
i
378
Texas Corpn.
36
Dunlop Robber
27/10
Elec Bond & Share
5)
Texes Gulf Sulphur
327
Bristol Aeroplane
8/101
Elec, Bond & Share $5 pi.
65
Timken-Axle
December
January
March
May
19:00/00
18.94b
18.80b
18.70b
19:02b310a 18.90199 unquoted 18.91b 18.80b95a. 18.75b/85a
18.65b unquoted
.01 of
.03 off
Imperial Chemical Ind. 26 United Steel
Elec Bond & Share $8 Bt.
73.
Trans-America Co.
42
17/3
Eléc. Power & Light 31 pr.
374.
20th Cent, Fox
៩ ·
05 oft
Woolworths
55/6
Flintkote
157-
Union Bag & Paper Corp.
12)
.05 off
Marsman Investments
6"0
Gen, American Trans
481
Union Carbide & Carbon
737
Total sales:-unreceived.
Western Holdings ....................... 816 Sub-Nigel
Gen. Electric
34+1
Untori Pacifte ...
83!
THE CHASE BANK
100
Gen. Motors
481
United Aircraft
401
772/773 - 781/781
Wednesday's sales:-12.909,000 bushels.
Total sales for the day:-87 contracts.
NY-London. Cross Rate 4.04
34-3/4
CHICAGO WHEAT
December
May
CHICAGO CORN
September
611/611
December
551/551
557/55%
May
57/57
561/561
61/612 552/551 57/57
1 of
unch.
unch
WINNIPEG WHEAT
October
70a
70/70
703
unch;
NEW YORK HIDES
December
March
9.85/85 9.96/96.
9.85/82 9.90b/10.00
9.85/85 9.976
NY Official Silver
34-3/4
4.04
Shell Trans." Trad
Gen. Railway Signal
121
Uaités Airlines Trans
18
thearer)
35
Gen. Tire & Rubber.
122*
United Corpn.
12
774/77% 781/781
778/773 773/773
off "off
Nat Defence Bonds, 3% 1014. London-Midlands-Scot-
Glidden Co.
14)
United Corpn. $3 cum pf.
363.
18, QUEEN'S ROAD, CENTRA
HEAD OFFICE:
13
Goodrich (B.F.)
123
United Gas Corpn. .........
11
tish. 3%"
114
Goodrich $5 pf.
56
United Gas Improvement
118
Great" Western
Rall
Goodyear Tire & Co. ......
16
US.. Industrual Alcohol...
181*
way. 3
231
Great Northern Iron Ore ..
141..
UG. Rubber
22L
unch
Nat. Bank of India, 3%.
t-ex-dividend
SILVER MARKET :
LONDON SILVER
London. Sept. 19 (Reuter). Silver-Little speculative selling. Business very small Market quiet 01 up but steady. In the afternoon, the
market was idle.
24
Great Northern Rly, pfd,
281
U.S. Rubber. $8 pfd..
86
Great Western Bugar
201
U.S. Smelting
59
Greyhound Corpn. Hercules Powder Co.
111
U.S. Steel
561
81
Vanadium
318
}/
SAFE DEPOSIT BOXES
International Harvester Int Nickel
461
Vultee Aircraft
271
Walworth Co.
44
Inter. Paper & Power Int. Tel, & Tel
145
Warner Bros. Pict.
21
2
Westinghouse Mec...
1064
Kennecott Copper Lakes Foundry & Mac. Libbey-Owens-Ford Glass Lockheed Aircraft ............
281
Woodward Iron Cor.
264
4
Chase National Bank
29*
423-
National City Bank
233*
28+
Spot, 23-7/16d.
Forward. 23-5/16d.
FEDERAL RESERVE SYSTEM
NEW YORK, Sept. 18 (Reuter).
Bills Bought
U.S. Securities held v
Federal Reserve Ratio
Federal Reserve Credit Outstanding,
Sept. 12. Sept. 19
(000's Ovaitted) $
2,434,000 89.41% 2,485,000
Monetary Gold Block
20,981,000
Industrial Advance.
8,630,000
2,434,000
89.52% 2,195,000 21,093,000 8.612,000
BOMBAY SILVER
Bombay, Sept. 19 (Reuter), Market Quietly steady. Offtake 25 bars.
Indian Mint Silver 21
82-14 Ready...... Sept. 25 Settlement ..... 62-14: Oct. 23 Settlement..... 62-15
t-ex, dir.
DOW JONES AVERAGE
1940
89.50 Commodity Index 51.50
Supt. 20.1940 High
Low Dow Jones Averages · Sept. 18 High Low Close 16880 111.84 30 Industrials
131.28 132.03 170.83 131,34 32,67 $2.15 20 Rails
28.36.28144* £8.20 3895 28.45 18.03 20 Utilities
29.10 21.90 · 91.99 90.61 83.00 40 Bonda
89.78 64.07 48.74 11
$1,60 Business Dons:$70,000 shares
Change
.08 up 11.off
Sabsorbed Capital
Paid-up Capital
Reserve Fund and Éest,”
25,000,000 43,800,000
£1,050,000 €1,254,00
HONGKONG SAVINGS
j
The Business of the above Bank. is conducted by the HONGKONG SHANGHAI BANKING COR PORATION. Rules may be obtain-
don application."
For the HONGKONG & SHANGHAI BANKING CORPORATION..
V. M. GRAYBURN,
Chief Manager. Hong Kong. 35th Feb., 1939.
18, PINE STREET,
NEW YORK
An American Bank offering com plete Foreign Banking Servic in the principal Markets of th world. Interest Rates on Application.
This Bank is entirely owned. bi
THE CHASE NATIONAL BANT NEW YORK, with Rmonrow of ovel U.8.$1,900,000,000.
"
D. M. BIGGAR,
Second Vice Pra
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offcor~15, Gracechurch Street, London, EC3
Authoriend Capital
BANK OF EAST ASIA, LIMITED
A
5,588,800,00
Paid-Up Capital Authorised Capital.....$10,000,000.JO
Reserve and Undivided.
Profita
Head Office:-HONG KONG No. 10 Des Voeux Road, Central..
Board of Directors:
NIR SHOPION Crow, Chairman Di Koen Chan. Daq. Li Lan Sang, Esq. P. K. Kwok, Esq.; Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ting Pd, Eng. Chan Ching Shok, Esq. Fang Ping Wah Eleg KAX TONG Po, Esq., Chief Manager Li Tas FONG, Esq., fanager"
Branches and Agencies:~-
4
Dataris
Comption
Malbourne
Prone Bingapons Rangoon Soursbays Balgon Swatów
Sa Fan Bydney
sissa Tientáln
CALVI Bemarang
New York 'Seattle Paris
Papies
Skaghat
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 shorter periods in Local and Foreign Cur rencies on terms which will he quoted on application.
SAVE CEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager;
-.2, N3,281.55
Amay
London
Mantis
Oilgotia Haiphong.. Hankow Homolala
Kobe
.17 up 10 up
ECONOMIC CRISIS
IN RUMANIA
BUCHAREST, Bept, zu Reuter)
LONDON METALS
EXCHANGE
London, Sept. 19 (Reuter).
-Rumania's very serious position Tin, Standard, Cash, Middle
in regard to raw materials was Price, 2247-1/4.
Tin, Standard, 3 months, Middle admitted yesterday by the Argus, leading economic newspaper in Price, £251-3/8. Bucharest.
Market firm. The prospects of The paper," says most of the an early release of export licence textile factories have only a few again caused strength, while smel- weeks supply of cotton. There is ter agents, whose selling recently a severe shortage of feather, scrap was responsible for weakness, arc fron, copper and lead.
now strong buyers for cash. The The paper adds that it is under market's uptrend engenders the stood that special measures are disposition to hold...
been taken to prevent what might shortly develop into a grave econ- omic crisis.
LONDON GOLD
London, Sept. 19 (Reuter) Bar Gold, Fine per oz., 168/
BROKERS LOANS
New York, Sept. 13 (Reuter), “Loan"on securities to brokers in New York:
Week-end
12/9/40
$285,000,000
Week-end
10/9/40
$295,000,000
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers.
2 and TIENTSIN
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt__Terminal_in the French Concession`at Shanghai, where passengers and cargo are landed..
For further particulars
plonse apply toimin
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOJIL GENERAL MANAGERS
BANKERS:
The Bank of England and Midland- Bank, Ltd. BRANCHES p.
agkok Bombay
Ipoh
Jaitza
Huantan
Kandy
Karachi
Colombo
Hongkong -Bowral
"KOLKATA
Kraia Liste
Kaala Trenggan Madra
New York
Pensiy
Bangoon
ONERYDA
Simi
Bagepore
Keala Lumpur HONG KONG BRANCH: Every description of Banking and Exchange business tripsanted.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN "INTERNATIONAL. EXCHANGE-
BANK:
PAID-UP CAPITAL $40,000,000,00 (BEANOHES ALL OVER CHINA) Owing to our numerous Branches TRUSTEE AND EXECUTORSHIP in China and connections in the UNDERTAKEN INTO principal Commercial Centres of "CURRENT ACCOUNTS opened in Las Car the World, we are able to extend reboy and FLXRD DEPOSITS rossired in Local nuf Clients special facilities for Correary & 872nLing oa terme that may be ascertained on spication,
Domestic and Foreign Banking and Exchange. BENSON.
What
Hanger,
7
do you want ? If there is anything you want to buy or sell, try Classified
small advertise ment in the Hong-
kong Daily Press.
word
$1.50 prepaid
3 insertions.
Head Office: SHANGHAI Hong Kong Branch;
4, QUEEN'S ROAD, C. South Obina Ofices
KONGM ON TOISHAN
CANTON" SWATOW BHIUCHOW
KINGCLOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government hoth at Home And AbrandAVRAN
CHEN,
SHOU
Hanage
No comments yet.
Private notes are available after approval.