1940-09-23 — Page 10

Adams Express

Alleghany Steel Co..

Allis Chalmers

Lluminium Ltd.

Amer. Can

Previous

Sept. 21

Close Opening Closing Change

Buyers

Buyers

American Cvanainid B Amer. & Foreign Power AmerForeign $7 pt.... Amer. Locomotive .....

37-5/8

37-5/8

37-3/8

off 1/4

Amer, Metals Co.

38-3/4

38-5/8

On New York:-

35-1/4 35-1/8

36-1/2- 34-7/8

off 1/4

Amer, Radiator

off 3/B

Amer. Rolling Mill

Amer. Sting and Ring Co.

Previous close Today's close

Amer, Sugar Refining

On Batavia-

Amer. Tel, & Tel

buyers

buyers

Change

On demand

41 5/8

Amer. Tobacco "B"

SPOT

-11-13/18

11-1/8

up 1/16

On Faris:

Amer, Waterworks

OCTOBER

11-13/16

11-7/8

up 1/16

NOVEMBER

11-13/16

11-7/8

up 1/16

JAN.-MAR

On Saigon:-

11-5/8 11-1/2.

11-11/16" ~11-1/2

up 1/18

unch.

Anaconda Copper Atchison, T. & S. Fe.

Aviation Corp.

On demand

86 3/4"

Baldwin Lecometive

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

SEPTEMBER 21, 1940.

On London:-

Telegraphic Transfer, ya 7/3 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3 1/2 On Shanghai:

On demand

On Singapore:-

On demand

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO)

430

52 3/4

NEW YORK, Sept. 21, 1940.

On Japan-

On demand

100

SINGAPORE RUBBER

Da India:-

Telegraphic

Transfer.

SPOT

189 1/2

OCT,-DEC,

JAN.-MAR.

+

and demand",

Bank Bulls, on demand 22 1/4. Credits, 60 days' sight 23.1/8

After ruling steady, the market. became easier. LONDON RUBBER

Bank Bills, on demand 1085 # Credits 4 months' sight 1160

APRIL-JUNE

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION ·

(REUTER'S SERVICE) SEPTEMBER 22, 1940,

MONDAY, SEPTEMBER 23, 1940.

BANKS

BONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA AND CHINA

Authorised Capital $50,000,000

,

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1858

Reserve Funda:

Paid-Up Capitat£3,000,000 Sterling...... 6,500,000 Reserve Fund... H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

Proprietors

$90,000,000

Head Omes:-HONG KONG

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

.23,000,009

prietor's

£3,000,000 HEAD OFFICE: LONDON:

38, Bishopsgate E.CS.

Sub-Agencies In London: 11/122, Leadenhall Street, E.0.3 West End Branch:

14/16, Cockspur, Street, 8.W1 Manchester Branch:

12, Mosley Street, Manchester, L

AGENCIES AND BRANCHES. ALOR STAR HARBIN A PENANG ·· AMBITBAR HONA KONG RANGOOR

BANGKOK

BATAVIA

BOMBAY

ILOIL

IPOR KARACHI GALOUTTA · KLANG

AGI NOIESISKONE-- CLITE BEST KUALA

Chief Manager. FAILLIK PLACE

OANTON CAWNPORN CLIST COLOMBO

SAIGON

SKREMBAN

SHANGHAI BINGAPOR

SQURABAYA

LUMPUR

KUCHING MADRAS

TAIPING TIENTSIN

MANILA

Last Sale:

STOCKS

Last Sale

Sept: 21

Sept. 21

52

Loew's Inc.',

253*

211

Loft Incorporated

22"

338*

Mack Truck Inc.

231

$2

Martin, Glen L.

313

98

McKesson & Robbins, pt4.

211

381

Montgomery Ward

411

11

M'tain City Copper Co.

31

"151* 15

National Aviation

....

101*

Nat, Dairy Products

131

101National Distillers .............

211

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

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

Hon. Mr. S. H. Dodwell,

ΤΑ

National Lead

17

G. Miskin, Esq.,

114

Nat, Fower & Light

K. S. Morrison. Esq.,

41.

National Supply Corp.

54

T. E. Pearce, Esq.,

131*

New York Central ...

14)

0.0. Roberta, Esq.,

163

771

"EF*

Niagara Hudson Power N. American Aviation North American Co.

41

Hon. Mr. A. L. Shield,

17

Sir-Vendeleur M.-Grayburn,

101

221

Northern Pacific

71

161

#

Owens-Illinois Glass Co.

54

Branches:

On Manila-

On demand.

44 1/2

--The-market-was quiet- NEW YORK COTTON: Hedging and

Baltimore & Ohio

scattered

selling from the

Barber Asphalt Co.

On Bangkok:-

On demand

..... 149 1/2

On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

1/5 1/2 23 7/18

South is being absorbed by the trade. The tone is fairly steady. CHICAGO WHEAT: Prospects for the market continue excellent, NEW YORK STOCKS: Previous close, 131.83; Today's close, 132,45; Change. up 82.

Barnsdall Q .....

Bendix Aviation

Bethlehem Steel

Buss & Co.

Boeing Airplane Co.

Borg-Warner

Market Report

FROM ROZA BROS.

Silver prices were unchanged

yesterday, the quotations remain-

ing at 23.7/16 for Ready and 23. New York Cotton, Dec. 6/18 for Forward.

reported the market

as being Chicago Wheat, Dec. steady but idle. American Silver Chicago Carn, Dec. was quoted at 34.3/4 for Spot. New York Rides, Dec.

The London/New York cross- rate was quoted at 402.1/2. York/London was quoted at 404.

Briggs Mig.

NEW YORK COMMODITY MARKET

Budd M'facturing Corp.

Canadian Pacific R'way

(REUTER'S SERVICE)

Case, JI

9.48 9.43

Silver advices New York Rubber. Dec.

·781. 772 .581 561 - 56 9.90 9.86

703

Prev. Today's 9.46 0.44 19.05 18.98b 07 off

772

Celanese

.02 off

Chesapeake & Ohio

Chrysler Corpn.

unch.

Columbia Gas & Elec....

581

1 Up

Commercial Credit Co

. 9.82 0.90

.08 up

Com, & Southern (Ørd.)

Consolidated Edison

New

NEW YORK COTTON : Close

Opening

Closing

Change

Consolidated Ou

Oct. (New contract)

9:45/45

9.43/43

9.46/46

.01 up

Continental Can

Continental Of

MARKET

Steady but quiet.

December (

}

9.48/43

9.43343

9.44/44

.02 off

January

>

9.37 N

9.31b"

9.35/35

.02 off

Copperweld Steel

with

Opening

013-3/8

STERLING

No business was reported. There were ́seilers at 1/3 up to Decem- ber, buyers at 1/3. 1/32 for any delivery.

U.S. DOLLARS

Total sales Friday:-131,000. bales"

NEW YORK RUBBER

A small business was done at 22.5/8 for Sept, delivery. The December market closed with sellers at 22 January 5/% for forward and probably March near, buyers at 22.11/16 for Cash. May

SHANGHAI DOLLARS

Opened with sellers at 428 with

business done at 428.1/4 and 428. CHICAGO 'WHEAT

1/2. The market closed

probable sellers at 426.1/2 of May

Cash.

SHANGHAI MARKÉT

Quiet. There

sellers of CHICAGO CORN were Sterling at 3.1/2 for Spot and U.S. Dollars at 5.1/4 for Spot.

Shanghai Exchange

Shanghai, Sept. 21 (Peuter).

Official T.T. Rates

London

March

(

)

9.37/38

9.32/32

Curtis Wright (C)

9.34/34

.03 off

Curtiss Wright "A"

May

}

9.21/22

9.18/18

9.170

,04 off

"Deere & Co.

July Spot

1

9.00/00%

8.97/97

3.93/97

.04 of

Distillers Corpn. Seagrams

N-696–

01 up

Douglas Aircraft

Du Pont de Nemours

Eagle Picher Lead

Eaton Mfg. Co. ....

18.36b

18.76b

19:05/05- 19.00b/05a 18.09b

unquoted 18.906 18.60b/78a

18:98b/19.02a .07 off 18.90 18 80a 1870n

Elec. Autolite

.09 off .08 off .08 "off

Elec. Bond & Share ....

Elec. Bond & Share $5 p. Elec. Boud & Share $6 pf.

Total sales:-10 tons

Elec. Power & Light #7 pf. Introve

December

773/773 781/78

78/78 781/781

772/777 78/781

unch.

Gen. American Trans. ..**** Gen. Electric

Gen. Motorą........

unch.

Gen. Railway Signal

Friday's sales:--6,816,000 busheles

#

Gen. Tire & Rubber

Glidden Co...

Goodrich (BF)

September

61/51

621/63.

11 up

Goodrich. $5 pl.

December

May

56/581 ..561/581 523/57+

571/573

561/581 571/579

סט 4

Goodyear Tire & Co.

1 of

Great Northern Iron Ore ..

Great Northern Rly, pfd.

WINNIPEG WHEAT October

70a

70/70

70a

unch.

Great Western, Sugar Greyhound Corpe,

Hercules Powder Co,

NEW YORK HIDES

International Harvester

December

New York

Japan

5-1/18

March

9,82/82 9.94/84

9.86/86 9.90/90 9.85b/10.05a -10.02b

.08 un

Int Nickel

08 UD

India

Hongkong

21-1/2 18-3/4N.. 22-3/8

Inter. Paper & Power

Sterling

Sellers

Opening

10.45/45

Spot

0/3-1/2 0/3-31/64

Sept.

0/3-1/2 0/3-31/64

Oct.

0/3-31/64 0/3-15/32

Spot

U.S. Dollars

$5-9/32.

$5-1/4

Sept.

5-9/32

5-1/4

Oct, ...

5-1/4

5-7/32 Market: Inclined to be easy.

Silver Duty Rate.

Closing

NOTICE: All Japanese markets

Total sales for the day:-19 contracts. NY Oficial Silver... 34-3/4 NY-London Cross Rate 4.04

NEW YORK COPPER FUTURES December,

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Sept. 20.

The following quotations are the middle prices at the close of the

Tientsin-Pakow Rly. 5%%

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

(Ger. Stpd. 'Supl Loan) 8

market in London. All quotations Jap. 6% Ster. Loan, 1824 31 are subject to confirmation and no Ger. 7% Intl. Loan, 1929 53

will be closed on Monday, 23rd, responsibility is assumed for errors Chartered Bank ............................. 61 Inst.

HK. & Shaf Bank (Ldr..

Reg.).....

1940

1-ex, dir.

DOW JONES AVERAGE

High Low Dow Jones Averages 159.80 111.34 20 Industrials

32.67 22.13 20 Kaila

int, Tel. & Tel

Kentecott Copper

unquoted 4.04

Lakey Foundry & Mac.. Libbey-Owens-Ford Glass Lockheed Aircraft ..........................

10.40b/52a 10.55/55

.10 UD

taking

(German Stpd.))....

Chinese Eng. & Mining-

(bearer)

Bouzabaya

Haiphong (Johore) Tientsin Bankow Mukden Tokyo

New York Tsingtao Peiping Yokohama

Penang

CURRENT ACCOUNTS opened in LOCAL CURRENCY and Fixed Deserts received for and year or aborter periods in Local and other Cur- on terms which will be

rencies

quoted on application.

HAMBURG HANKOW

NEW YORK PIIPING

(Peking)

TUNGKAN

(Bhuket)

~~~~THENOTAQ-

ТОКОДАМ

FOREIGN EXCHANGE and General Banking Business transacted.

CURT Accourts opened and FIXED DEPOSITs received for Oce Year or shorter periods in Local-or: Other Currencies at rates which will be quoted on application,

SAVINGS ACCOUNTS also opened. ib Local Currency and Sterling with interest allowed at rates obtainable on application. **

The Bank's Head Office in London undertakes Executor and Trustes. business, and claims recovery of Briti Income Tax overpaid, on ALSO up to date Sun DEPOSIT terms which may be ascertained at

any of the Agencies and Branches. ...

R. A. CAMIDGE,

Manager.

Boxes in various sizes To, Lar. Hong Kong, 28th February, 1940.

HONGKONG SAVINGS

BANK

The Business-of-the-above-Bank-

In 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., 1939.

"THE CHASE BANK

HEAD OFFICE:

18, PINE STREET,

NEW YORK An American Bank offering com plete Foreign Banking Service in the principal Markets of thị world.

This Bank is entirely owned, 'be THE CHASE NATIONAL BART NEW YORK, with Resources of our ́13.8.$3,500,000,000.

.D. M... BIGGAR,

Second Vice Pra

A Job

WANT ADS

INDO-CHINN.

STEAM NAVIGATION COMPANY 176

Operating Services for Cargo and Passengerz

SWATOW, SHANGHAI, TSINOTAU, CHEFCO

in transmission.

The Central Bank of China's rate on London, at 10 am, today War Loan, 34% (Red 'was :1/2-1/2d.

£

HK. & Shai Bank (Col.

after. 1962)

1014

Reg)

The Equalisation rate was 244 Canton-Kloon Ris. 5% per cent.

7

Chinese 41%% Gold Loan

Calcutta Exchange

Calcutta, Sept. 21 (Reuter). TT. on Japan, 81-1/4..

SILVER MARKET

BOMBAY SILVER Bombay, Sept. 21 (Router)...

Indián Mint Sliver

1898 (Brit. Issue) Chinese 5% Gold Bonds,

1925-47.

30

Chosen Corporation

35

Pekin Byndicate... S'hai Elec. Constr. Co.

15.

Chin 41% Anglo-French

Loán, 1908

8'hai Waterworks “A” 13h Union Insurance

20

TO-

Chinese 5% Crisp Loan,

1912.

Gula Kalumpong Rubber

12

B.-A; Tob. (bearer)

14/4). 78/11

Chinese 5% Reorg. Loan,

1913 (Ldn. I&.) Chinese 84% Ster. Noten..

Mercantile Bank

11

18

Dunlop Rubber

27/10)

Bristol Aeroplane

9/14

1925 (Vickers) are

Ready

Oct. 23 Settlement

63-00

83-01

Chin. Imperial Rly, 5%

Loan Honan Rly, 5%

Imperial Chemical Ind 26/14 United steel

17/0

BR

Woolworths

55

Hukuang Rly. 5%, 1911.

LONDON METALS (LF. N/Z Issue)

EXCHANGE

London; Sept. 20 (Reuter). Tin, Standard, Cash, Middle

Price, £248,

Tin, Standard, 3 months, Middle Price: £251-7/8-/+

Hukuang "Rly. 5%, 1911 (German Issue) ..... Lung Teing & U Hal

Rly. 6% 1913 8'hal-N'King Rly. 6% 11entain-Fukow Rly. 5%

(Brit. Stpd)

Initial firmness attracted profit Tientsin-Puków Rly, 5%

W. Shelf Trans. & Trad.

Maraman Investments in 6/9 Western Holdings

8/6. Bab-Nigel

180

(bearer)

*****35/71⁄2

London-Midlands-Boot-

-12

tish 3%

111

Great Western Rail-

way. 3%.

294

Nat Defence Bonds, 3% 1013

Nat. Bank of India 3% 24

t-ex-dividend

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

Alt steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers. and cargo are lauded,

For further particulars

please apply to--

JARDINE

HESON&C

THUBLOT ZONINGENERAL MA

BANK OF EAST ASIA, LIMITED

3,598,600.00

Authorised Capital.....$10,000,000.00 Paid-Up Capital Beserve and Undivided

Profits

...2,3,261.56

Head Offer: HONG KONG No. 10 Des Voeux Road, Central.

Board of Directora: SIE SHOPSON Chow, Chairman Lt Koon Cann, Exy. -Li Lan Sang, Esq. P, K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Eng. Kan Ying Po, Rag. Chan Ching Shok, Kaq. Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager Li Tas Foso, Esq., Manager

Ampy

Batrin

Branches and Agencies;-

Kotloos Penang Singapore London

Kangoois Sourabaya Salon

Manila

.. Sextow

Odlousta Melbourneau Fran. Sydney

Bagian.ca

Bar York Beadin

Paris Falping

loo Ticutala

.. COATE Beratung Shangbal

Every description of Banking and Exchange business transacted. Loans granted on approved securities. Currency and Fixed Deposits re- Current Accounts opened in Loca!

ceived for one year

or shorter perioda in Local and Foreign Cur renciex on terms which will be quoted on application.

SAFE CEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE BANK

MEN

PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER CHINA) Owing to our numerous 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 Exchange, AK

Head Office: SHANGHAI Hong Kong Branch: QUEEN'S ROAD, C South China Offect: CANTON KONGMOON SWATOWEG TOISHAN BHLUCHOW KINGCHOW

We also handle the issue of Bonda and other Publio Funds of the China Government both at Home hud Abroad,

BHOU CHEN,

Manager

48

Pacific Gas & Elec

291

151

Amoy

Johore

Packard Motors

32.

Bangkok Kobe

Rangoos Saigon

4)

Pan-American Airways

·15

Batavia

Kowloon San

10*

Paramount Pictures

6%

·DELHI- HAIPHONG

Bombay

Kuala

Francisco

81

Pennsylvania R.R.

221

Calcutta

Lumpur Shanghai

314

Philadelphia Read, Coal.

Canton

Londoù

Singapore

801

Phillips Petroleum

354

Chefoo"

Lyons

141

Colombo

Public Service of NJ.

34

Malacca

Sungsi

161

Pullman Inc...y-32-19

201

Dairen

Manila

Patani

Foochow

Muår

Swatow

181

Pure Oll ....

7#

221

Radio Corpo, 'of Am,

47

47

Reading Company, „

Com

13

Harbin

42

Remington Arms Co., Inc.

51

Iloilo

54)

Republic Aviation Corp. ...

5+

[poh

291

Republic Steel

18

401

Revere Corp.

11

771

Reynold Tobac. "B"

35

51

Safeway Stores

44

32

Schenley Distillers

10

11

Sears Roebuck

267

Shell Union Oil

B

Socony-Vacunum. Oll

391

Southern Pacific

18*

Southern Rly $5 pfd.

J

181

Spicer Manufacturing Co.

32

71

Standard Brands

261*

Stand Gas & Elec.

18

201

Standard Oll of California

18

171

Standard-QUOTNJ.

341

77

Stone & Webster

1702

Studebaker Com,

73

32

Swift International

334

Technicolor

*18*

9%

,,362

Texas Corpn.

51

Texes Gulf Sulphur ......

833

Timken-Axle

731

Trans-America Co.

381

20th Cent. Fox.

16

Union Bag

Paper Corp.

12

481*

Union Carbide & Carbon

744

342

Union Pacific

834

487

United Aircraft

400

113*

United Airlines Trans

181

18, QUEEN'S ROAD, CENTRAL

124"

United Corpa,

141

United Corpn. Så cum pt..

382

12 *

United Gas.Corpn.

554

United Gas Improvement

11

101

U.B., Industrual Alcohol....

191*

119

U.8. Rabber ....

227

267

US. Rubber $8 pfd.

88

20*

U.S. Smelting

591"

Interest Rates pa Application.

111

U.S. Steel

578

RO

Vanadium

321

SAFE DEPOSIT BOXES"

46

Vultee Aircraft

91

*271

Bombay

Halphong

Hackow Honolulu

Kot

Walworth Co.

41

144

Warner Bros. Pict.

21..

21*

Westinghouse Exec.

1072

201

4

421

Woodward Iron Cor. Chase National Bank National City Bank.

201

--bid.

Sept.. 20

i31.83

Sept. 23. 1940. High Low Close 132.54 131.88 132.45

Change .82 up

28.27

28.48 28:36 28.45

.18 up.

-26.45 18.03 20 · Utilitics

21.38

22.00 21.90 21.95

90.61 83.06 40 Bonds

69.73

64.07 48.74 11 Commodity Inder

51.81

89.93 51.74 ,07 off

103 off .90 up

Business, Done: -280,000 shares