1940-09-24 — Page 10

Haiphong (Johore) Tientsin

HANIOW

(Peking)

FORLION EXORANGE, and General · Banting Business transacted,

Adams Express

Alleghany Steel Co.

Allis Chalmers

h

415

On Singapore:~-~~

On demand

62 3/1

NEW YORK, Sept. 21, 1940.

On Japan:-

On demand

105

SINGAPORE RUBBER

On India:-

Telegraphic Transfer.

SPOT

82 1/2

OCT.-DEC.

JAN.-MAR.

Aluminium Ltd,

Amer. Can

PAGE 10-HONGKONG "DAILY. PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

SEPTEMBER 23, 1910.

On London:-

Telegraphie Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1,3 1/2

On Shanghai:--

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 22, 1940.

TUESDAY, SEPTEMBER 24, 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, 1858

Reserva Funds:

Sterling

Last Sale! Sept. 21

"

STOCKS

Last Bale

Sept. 21

Reserve Liability of

Proprietors.

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

Paid-Up Capital £6,500,000 Reserve Fund

£3,000,000. ̈

£3,000,000

prietors

$90,000,000

£3,000,000

51 Loew's Inc.

2511

HEAD OFFICE: LONDON:

217

Loft Incorperated

22

331*

Mack Truck Inc.

231

82

Martin, Glen I

314

98

McKesson & Robbins, pid. 214*,

American Cyanamid B.,

369

Montgomery Ward

411

Previous Sept. 21

Close Opening Closing

Change

Buyer's Buyers

and demand ................

On New York:-

Bank Bills, on demand 29 1/4 Credits, 60 days sight 33 1/4

On Batavia :----

After ruling steady, the market became easier. LONDON RUBBER

37-5/8 37-5/8 37-3/8 36-5/8 38-1/2 36-3/4 35-1/4 35-1/8 - 34-7/8

off 1/4 off 1/4

Amer. & Foreign Power... Amer & Foreign $7 pt. ... Amer. Locomotive, Amer, Metals Co. Ken Amer. Radiator

#1}

M'tain City Copper Co.

31

15++

Natiorral Aviation

101*

16

Nat. Dairy Products

13

184*

National Distillers

21+

J. K. Bousfield, Esq., A. H. Compton, Esq..

Hon. Mr. S. H. Dodwell,

74

National Lead

17

of 3/8

Amer. Rolling Mill.. Amer. Sting and Ring Co.

G. Miskin, Esq.,

114

Nat, Fower & Light

73

K. S. Morrison, Esq.,

41

National Supply Corp.

51

T. E. Pearce, Esq.,

Arter, Sugar Refining

131*

New York Cential

14

C. C. Roberta, Esq.,

Previous close Today's close

Ämer. Tel & Tel..

183

buyers

buyers

On demand.

On Paris

Bank Bills, on demand 1085 Credits 4 months' sight (140

On Saigon:-

On demand

96 3,4 APRIL-JUNE

41 6/8

SPOT

OCTOBER

NOVEMBER

JAN.-MAR.

11-13/16

11-7/8

Change up 1/18

Niagara Hudson Power

41

Hon. Mr. A. L Shield,..

Amer. Tobacco "B"

771

N. American Aviation

17

Sir Vandeleur M. Grayburn,

11-13716

11-7/8

-up 1/18

Amer. Waterworks

B1*

North American Co.

19

Chief Manager. | Fusta PLACE

Head Office:-HONG KONG

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

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

Deputy Chairman.

38, Bishopagate "E.C.2. Sub-Agencies" In London: 117/12, Leadenhall Street, E.C.S West End Branch;

14/18, Cockspur Street, S.W1 Manchester Branch:

69, Mosley Street, Manchester; 2

AGENCIES AND. BRANCHES

ALOR STAR AMRITSAR BANGKOK

PENANG TOEN CONG LANGOON ILOILO ХРОН

A BATAVIA

BOMBAY CALOUTTA KLANG

AGENCIES: KOSE Сыра Углякт

HARRIN

KUALA

BAIGON

BEREMBAN

TARICH)

SHANGHA!

SINGAPORE

BITIAWAN

SOURABAYA

11-13/16

11-5/8

11-1/2

·11-7/8.. 11-11/16" 11-1/2

up 1/18 up 1/16 unch.

Anaconda Copper -Atchison, T. & S. Fe.

Aviation Corp.

T

Northern Pacific

7

187

Owens-Minols Glass Co. ...

54

Branches:

CANTON

CAWNPOR

41

Pacific Gas & Elec

291

Amoy

Johore Rangoon

CHAU

Baldwin Lecometive

151

Packard Motors

34

Bangkok

Kobe

Saigon

COLOMBO

LUMPUR KUCHING MADRAS

MANILA

TAIPING *TTENTOİN

TONGKAR

(Bhuket)

On Manila:-

On demand

On Bangkok:-

On demand

....

On Sterling Notes:--

44 1/2

The market was quiet. NEW YORK COTTON:

149 1/2.

11

Baltimore & Ohlo

4

Pan-American Airways

15

Batavia

Kowloon San

DALEI

.. MEDAN

TSINGTAO

Chicago Corn, Dec. New York Hides, Dec.

NEW YORK COTTON

Oct. New contract) December ( January March May July Spot

{

Bank Buying Rate...

Bar Silver per oz... #3 7/19

Market Report

FROM ROZA BROS.

Monday, Sept. 23.

unchanged

Sliver prices were

Hedging and scattered selling from the 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. 13245; Change, up -82.

NEW YORK COMMODITY

AmeriChicago Wheat, Déc.

over the week-end the quotations New York Cotton, Dec. remaining at 23.71/6 for Ready New York Rubber, Dec. and 23.5/16 for Forward. can Silver was unquoted...

cross- The London/New York

New rate was quoted at 402.1/2. York/London was quoted at 404,

MARKET There was a certain demand for Sterling this morning but the US. Dollar market was on the arm side. Business was fair,

STERLING

Barber Asphalt Co.

10.

Paramount. Pictures........

61

Bombay Euala-

Francisco

BÀI H070.

Y9W YORK

YOKOHAMA

Barnsdall Of

81

Pennsylvania R.R

22j

Calcutta

Lumpur

Shanghai

HAMSVEG

PRIPING

Bendix Aviation

311

Philadelphia Read. Coal

Canton London

Singapore

Bethlehem Steel

80%

Phillips Petroleum

35

"Obefoo

Lyons

Sourabaya

Bliss Co.

143

Colombó

Malacca

Public Service of N.J.

34

Sungei

Dairen

Manila

Patani

Boeing Airplane Co.

164"

Pullman Inc..

201

Foochow

Muar

Swatow

Borg-Warner

181

Pure Off

72

Briggs Mig.

221

Radio Corpn. of Am.

41

Hankow

Mukden Tokyo

MARKET

Budd M'facturing Corp.

48

Reading Company,

Com

13

Harbia

New York

Canadian Pacific R'way

4

Remington Arms Co., Inc.

52

Iloilo

Peiping

(REUTER'S SERVICE)

Prev: Today's

9.40 9.43

9.46 9.44 .02 off 19.05

18.98b 07 off

781 774

774

774

unch.

567 ... 56 9.90

56

561

+ up

9.88

9.82

9.90

.08 up

Close

Opening

Closing

Change

Case, J.I.id.

Celanese ....

Chesapeake & Ohio

Chrysler Corpn.

Columbia Gas & Elec. Commercial Credit Co. Com, & Southern (Ord:) Consolidated Edison...... Consolidated Oll Continental Can

541

Republic Aviation Corp.

1pob

294

Republic Steel"

18

401

Revere Corp. ...

11

7739

Reynold Tobar, “g“

35

51

Safeway Stores

44

32

Schenley. Distillers

10

11

Sears Roebuck

831

267

Shell Union Oil

Bocony-Vacunum Oil

397

9.45/45

$.43/43

9.48/48

Southern Pacific

s

.01 up

Continental Oil

18*

9.46/47

9.43443

9.44/44

.02 off

Southern Rly $5 pfd.

201

9.37 N

9.31b

9.35/35

.02 of

Copperweld Steel

181

Spicer Manufacturing Co. 32

Curtiss Wright (C)

77

9.37/38

9.32/32

9.34/34

.93 off

Standard Brands

9.21/22

9.18/18

9.17n

.04 off

Curtiss Wright "A"

261*

Stand Gas & Elec.

1:

9.00/00

8.57/97

9.69 N

8.96/97 9.701

,04 off

Deere & Co.

201

Standard Oil of California

18.

Distillers Corpn. SeagramS

171

.01 up

Standard Ol'of NJ.

347

Douglas Aircraft

17.

Stone & Webster

The market closed with sellera

at 1/3 but subsequently offers

Total sales Friday:-131,000 bales

Du Pont de Nemours

1702

Studebaker Com,

71

22.13/16 for Cash, Later

at 1/3 were accepted for Cash. NEW YORK RUBBER The market closed at 1 pm. with

small sellers at 1/3 for near and December

1/2.31/32 October/December, buy. January

ers at 1/3.1/32 for Cash

probably 1/3 November.

US. DOLLARS

The market opened with sellers CHICAGO WHEAT

at 22.0/16 resulting in some busi-

ness at 22.5/ for Spot. The selling December

rate then rose to 3211/16 and May. 22.3/4 with some business done at,

some business was also arranged at 22. 7/8 for near delivery. The market September

December closed at 1 p.m. with sellers at 22.13/16 for forward probably for May

near, buyers at 22.15/16 for Cash.WINNIPEG

SHANGHAI DOLLARS

Eagle Picher Leadi

84

Swift International

··184°·

Eaton Mig. Co.

334

Technicolor

-91.

19.05/05

18.99b

19.00b/05a unquoted

and March

18.86b

May

18.76b

18.90b 18.60b/78a

18.98b/19:02a 07 off 18.90 18.800 18.701

Elec. Autolite

363

Texas Corpn.

361

.09 off

Elec, Bond & Share

#.51

Texes Gulf Sulphur

32*

.08 of

Elec. Bond & Share $5 pf.

637

Timken-Axle ........

271

.06 off

Elec. Bond & Share $8 pf.

731.

...

Trans-America Co.

..#1

Elec. Power & Light $7 pí.

381

Total sales:-10 tons.

20th Cent, Fox.

61

Fintkote

16

Union Bag & Paper Corp: 12

Gen. American Trana.

481*

Union Carbide & Carbon 74

Gen, Electric

341

773/773

78/78"

772/777

unch.

Union Pacifie

831-

..... 781/78 Friday's sales-6,316,000 busheles

Gen. Motors

487

781/781

.78/781

unch

United Aircraft

403

Gen. Railway Signal.

-114*

United Airlines Trans

16

18, QUEEN'S ROAD, CENTRAI

Gen Tire & Rubber

127*

United Corpn

17

Glidden Co.....

-141

CHICAGO CORN

United Corpn. $3 cum pt. 362

HEAD OFFICE:

Goodrich (B.F.).

120*

United Gas Corpn.

1.

61/61 50/58 52/571

621/63

14 up

Goodrich 35 pl.

55)*

561/56+ 571/571

561/561 573/572

United Gas Improvement

11

up

Goodyear Tire & Co.

18

US., Industrual Alcohol....

193.

off

Great Northern Iron Ore

144.

US. Rubber

227

WHEAT

Great Northern Rly, píd.,

281

UA. Rubber $8 pfd.

85

Great Western Sugar

20

-October

70%

70/70

U.S. Sinelting

591"

Interest Rates of Application.

70%

unch.

Opened with sellers at 421 but: later the rate gradually rose

Greyhound Corpn.....

111

US. Steel

571

NEW YORK HIDES

Hercules Powder Co.

80

to

Vanadium

321

SAFE DEPOSIT BOXES

Zataris Bombay Solentia

Manila (hdaigua Hwstow

Nagnonica

9.82/82 *9.94/94

9.86/86 9.95b/10.05a 10.02b

0.90/90

International Harvester

46

.08 up

Vultee Aircraft

91

Semarang

Kom

סט 98

Int Nickel

271

Walworth Co

41

Inter. Paper & Power Int. Tel.

14)

Warner Bros, Pict.

23...

Tel.

21*

unquoted 4.04

Westinghouse Elec..

1074

Kentecott Copper

292

Woodward Iron Cor.

261*

Lakey Foundry & Mac..... Libbey-Owens-Ford

4.

Chase National Bank

29**

Glasa.

421

National City Bank

241

Lockheed Aircraft

.293

10.45/45 10.40b/52a 10.55/55

up

1040

*-bid.

DOW JONES AVERAGE.

High Low Dow Jones Averages 15280 111.84: 30" Industrials

32.67 22.15 20 Rails

Sept. 22, 1940. High Low Close *139.84 181.85 13245. 20.45 28:38 28.45

Change

.82 up.

-ex. dlv.

Sept. 20

[31.63

28.27

58.45 18.03 20

20.61 8200 40

Utilities Bonds

$1.96

-27.00 21.90 21.95

89.73

6407 48.74 11 Commodity Index

31.81

89,93 51.74

.07 off

Business Done: 260,000 shares

;18. up

Penang

Tsingtao Yokohama

CURRENT ACCourts opened and FIXED DEPOSITE received for. One Year or shorter periods in Local.or Other Currencies at ratos whink will be quoted on application."

SAVINGS ACCOUNrs also opened in Local Currency and Sterling with CURRENT ACCOUNT opened in interest allowed at rates obtainable Local CurrenOY and FIXED DEPOSITS on application. received for one year or aborter The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.

ALSO up to date Sara DEPOSIT terms which may be ascertained si Boxes in various sizes To La Hong Kong, 28th February, 1940, any of the Agencies and Branches.

BA. CAMIDGE,

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 HONGING & SHANGHAL BANKING CORPORATION.

7. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1930.

THE CHASE BANK

18, PINE STREET,

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

This Bank is entirely owned by THE CHAK NATIONAL BANK. New York, with Resources of orǤ 1.8. $2,500,000,000..

D. M. BIGGAR,"

Second Vice Pres

Ajob?

.03 off WANT

.20

ADS

INDO-CHINA

Canton-Kloon Rir. 5% Chinese Gold Loan

1898 (Brit. Iaque) s 30 Chinese 5% Gold Bonds..

1925-47

Chin. 44% Anglo-French

Loan, 1908 Chinese 5% Crisp Loan.

1912

Chinese 5% Reorg. Loan,

1913 (Ldn. Is,)

Chinese 8% Ster: Notes

1925 (Vickers)

Chin. Imperial Riy, 5%

Loan....

Honan Rly 6% ............

·New York

Hukuang Rly. 5%; 1911...

(LP. N/Y Issue)

Japan

India

Hongkong

18-3/4N 22-3/8

Hukuang Rly. 5%. 1811

(German Issue).

426 at which rate a large business December was done. The market closed at March

1 p.m. with sellers at 427, buyers Total sales for the day:-19 contracts. probably at 427.1/2 for Spot.

SHANGRAT MARKET Opened with sellers at 3.15/32 and closed with sellers at 3.31/64 for-Spot.-U.S. Dollars with sellers at 5/14 and closed with sellers at 55/16 for Spot.

AFTERNOON MARKET

Quiet,

STERLING

Business was done at 1/9 for near delivery. The market closed with sellers at 1/231/32 up to December, buyers probably at 1/3 for 'Cash.

U. S. DOLLARS The market closed with sellers at 22.13/16 for forward and pro- bably near, buyers at 227/8 for Cash

SHANGHAI DOLLARS Business was done at 423 and also 421.3/4. The market closed with sellers at 427.1/4.

SHANGHAI 'MARKET Sterling closed with sellers at 3.31/64 and U.8. $. at 5.5/15 for Spot.

Shanghai Exchange

Shanghal, Sept. 23 (Reuter).

“Official T.T. Bates

Opening 7440/3-3/8

5-1/10 21-1/2-

London

NY Official Silver

34-3/4 NY-London Cross Rate 4.04 NEW YORK COPPER FUTÜRES December

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Sept. 20.

| Tientsin-Puko# Rly. 5% (Brit, Stpd. Supl., Loan)

The following quotations are the Tientsin-Pukow Rly. 5% middle prices at the close of the

(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, 1924 54. responsibility is assumed for errors Chartered Bank in transmission.

War Loan, 31% (Red

after. 1952)

(bearer;

61:

HK. & S'hat Bank (Lan.

Reg.)

67

1014

*

H.K. & Shai Bank (Col

Reg) Chinese Eng & Mining

72

Chosen · Corporation,

Pekin Syndicate ..........

35

Bhai Elec. Constr..Co.

10

Operating Services for Cargo and Passengers

S'hai Waterworks "A"

131

44

Unton Insurance

TO

20

Gula Kalumpong Rubber 14/44

'SWATOW, SHANGHAL TSINGTAU, CHEFOO

12

BA. Tob, (bearer)

•·78/17

and TIENTSIN.....

Mercantile Bank

11.

Dunlop Rubber

27/10

Bristol Aeroplane'

9/11.

Imperial Chemical Ind 28/11

United Steel

17/6

SE

Woolworths May

55

9.

| Margman Investments.

8/9

the Roosevelt Terminal "în the French Concession at

Western Holdings

8/6

Sub-Nigel

160

Shanghai, where passengers and cargo are landed.

Shell Trans

&Trad

(DESTET)

435/7

Silver Duty Rate ja

Lung Tsing"& U. Hai

Ry. 5% 1913

Nat Detence Bonds, 3′′ 1013 Londen-Midlands-Bcot.

For further particulars

please apply

The Central Bank of China's B'hal-N'King Rly. 5% rate on London at 10 am today Tientsin-Pukov Rly-5% was 1/2-1/20

(Brit Stpd.) The Equalisation rate was 24-1/4 Tientsin-Pukow Rly 5%

(German 'Btpd.) per cent.

tish, 3%

111

Great Western Rail

way 3%

281

Net Bank of India, 3%

t-ex-dividend

JARDINE M

THESON&Co.,LTD.

TELEPHON KOLIKGENERAL MANAGERS

Manager.

BANK OF EAST ASIA, LIMITED

Authorized Capital...$10,000,000.00 Paid-Up Capital Reserve and Undivided

Profita

2,598,000.00

8,3,261.

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

Board of Directors:

SIE SHOPBON Crow, Chairman Li Koan Chan, Bac Li Lan Sang, Exy, P. K. Kwok, Esq.

Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan King Po, Bag, Chao Ching Shok, 83q, Fùng Fing Wah Enq KAF Tone Po, Esq., Chief Manager LI THE FONG, Esq., Manager

Andy

J

Branches and Agencies:- -

Horicon Panas

Halphong

Hankow Honolulu

London Kangoon

Yaibouraa

Ban Fran

Bingspora Sourabaya

Sydney ofaso Dentin-

New York Bestilo courer

Parla

Paiping

Shargtial

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

Current Accounts epened in Loos! Currency and Fixed Deposits, re ceived for one year or aborter periods in Local and Foreign Cur rencies on terms which will he quoted on application.

SAFE DEPOSIT BOXES TO LEE.. KAN TONG PO,

Chief Manager,

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

OF CHINA AS AN O INTERNATIONAL" EXCHANGE

PAID-UP CAPITAL $10,000,000,00

*BANK

STEAM NAVIGATION COMPANY LT (BRANCHES ALL OVER CHINA)

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside

Owing to

r numerous Branches

in China and connectious 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.

Head Office:

SHANGHAI

Hong Kong Branch,

4 QUEEN'S ROAD C South China Offees!

CANTON

SWATOW

SHIUCHOW

KONGMOON

TOISHAN "KINGCHOWE

* We also handle the issue of Bondə and other Public Funds of the Chinese Government, both at Home and Abroad.

SHOUL

CHEN

Managir