1940-09-28 — Page 10

Daily Press 孖剌西報 All

Series Prev Next Source

Hon. Mr. T. E. Pearce,

C. O. Roberta, Esq., Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,

Chief Hanager.

London Singapore

Chefoo Lyons Sourabaya.

· Patani' Swatow

(Johore) Tientsin Mukden Tokyo New York Tsingtao Peiping

AGENCIES: KOBE

CLAVE STREET

Mais PLATE.

CANTON CAWNPORN CIST

COLOMBO DELHI "BAİPHONE ----NEW-YORK ---TOZORA MAKA

E-PING HAMBUKO HANKOW

(Beking!

FORLION CHamor and Dentral Banking Business transacted.

CURRENT ACComms opened and Fix Deposits received for One Year or shorter periods in Local or Diber Correncies at rates which will be quoted on application.

Alleghany Steel Co. Allis Chalmers

NEW YORK, Sept. 23, 1940.

SINGAPORE. RUBBER

Previous Sept. 26 ..Close

War Loan. 31% (Red,

after 1962) Canton-Kloon Rly. 5% Chinese 41% Gold Loan

1017

Zuminium Ltd.

Amer. Can

American Cyanamid B.

1808 (Brit, Issue) Opening Closing Change

Amer. & Foreign Power

Buyers Buyers

37-1/4

37-3/8 37-3/8

S POT

OCT.-DEC.

36-3/4

35-3/4 36-3/4

up 1/8 unch.

Chinese 5% Gold Bonds.

1925-47

Amer& Foreign $7 pf.

Amer, Locomotive

Chin. 41% Anglo-French"

Amer. Metals Co.

JAN.-MAR.

35 cts.

35 cts 35 cts.

Loan, 1908

Amer. Radiator

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

(REDTER'S SERVICE)

London, Sept. 26.

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

STOCKS

Adams Express®

QUOTATION

(REUTER'S SERVICE)

SEPTEMBER 27, 1940

Last Sale

SATURDAY, SEPTEMBER 28,

BANKS

1940.

BONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital....... $50,000,000

Sterling

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1858

Reserve Funds:"

Paid-Up Capital

.............***. £3,000,000 £8,500,000 Reserve Fund

£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

‚£3,000,000 prietors. Proprietors

..$20,000,000

Head Office:-HONG KONG

HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2.

Sub-Agencles In Landon: 117/192, Leadenhall Street, E.0.3

West End Branch; · 14/16, Cookspur Street, "S.WI Manchester Branch: 69, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES

HARRIN PENANG. KONG KONG YANGO0W

STOCKS

Last Sale

Sept. 26

Loew's Inc.

254

221.

Loft Incorperated

201

Mack Truck Inc.

82 ..

Martin, Glen L

221 313

100

McKesson & Robbins, píd. 231*

Montgomery Ward

Mtain City Copper Co.

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

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

Deputy Chairman.

16*

National Aviation

15)

Nat. Dairy Products

13)

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

161

National Distillers

211

Bon, Mr. S. H. Dodwell,

National Lead

181

G. Miskin, Esq.,

Chinese 5 Crisp Loan.

Amer. Rolling Min

Nat, Fower & Light

K. S. Morrison, Esq.,

The market was quiet, LONDON RUBBER

1912

Amer. Sting and Ring Co.

423

National Supply Corp.

ALOE STAL AMRITHAR

BANGKOR BATAVIA

ILDIIN IPOR

SAIGON

SEREMBAN

Previous close Today's close

Chinese 5% Reorg. Loan

Amer, Sugar Refining

131

New York Cential

BOMBAY

144

buyers

Change

1913 (Ldn. Is.)

Amer. Tel, & Tel.

1641

Niagara Hudson Power

CALCUTTA

TABACO! XLANG

SHANGHAI

SINGAPOR

SPO

1134

-11-3/18

off 3/18

OCTOBER

11-3/4

11-9/16

off 3/16

Chinese 8% Ster Notes,

1925 (Vickers)

Amer, Tobacco "B" ........

781

N. American Aviation

HITIAWAN

174

Amer. Waterworks .....................

North American Co.

187

分

NOVEMBER

11-374---

11-9/16

JAN.-MAR.

11-9/18 11-1/2

11-9/16

off 3/16 unch.

APRIL-JUNE

After ruling quiet, the market-was-easter-on the lack of interest NEW YORK COTTON: There is a good mill demand. Hedging is

light due to the small crop movement.

OFICAGO WHEAT: Cash wheat is selling above the Loan rate in-

many places. Any further advances would bring out the possi bility of liquidation of Loan stocks.

NEW YORK STOCKS: Previous cluse. 134.15: Today's close, 133.50:

Change, off 65.

NEW YORK COMMODITY. MARKET :

(REUTER'S SERVICE)

Tientsin-Pukcw Rly. 5%

(German Stpd.) Tientsin-Pukow Rly.5%

(Brit. Stpd. Supt Loan) 8 Tientsin-Pukow Rly. 3%

Chin. Imperial Rly. 5%

Loali

Anaconda Copper

221

Northern Paplic

Atchison, T. 8. Fe.

181

Owens-Illinois Glass Co.

11-3/8

of 1/8

Aviation Corp.

42.

Pacific Gas & Flee

291

Amoy

Honan Rly. 5% Fukuang Rly 5% 1911

-10

Baldwin Lecometive

154

Packard Motors

Bangkol Kobe

Branches: Jobore Rangoon

Saigon

KEALA

KEGRING

MADRAS

MANILA

MEDAN

BOMBARAZA

LUMPUR

TAIPING TIENTSIN

TONGEAD

(Bhuket)

TSINGTAO

(LP. N/Y Issue) Hukyang Rly 5%. 1911

(German Issue)

Baltimore & Ohio"

Pan-American Airways

Batavia.

Kowloon-San-

Barber Asphalt Co.

101*

Paramount Pictures

Bombay

Kuala

Francisco

Barrisdall'On

Pennsylvania RR.

221

Calcutta Lumpur Shanghai

Canton

Lung Tsing U. Ha!

Rly. 5% 1913

Bendix Aviation

Philadelphia Read, Coal

Bethlehem Steel

791

Phillips Petroleum

Colombo Malneca

Sungei

S'hal-N'King Rly. 5%

Bliss & Co.

Public Service of NJ,

34)

Daireu

Tientaln-Fukow Rly: 5%

(Brit. Stpd.)

Boeing Airplane Co.

150

Pullman Inc...

211

Foochow

Manila Muar

Borg-Warner

Pure Of

Haiphong

Briggs Mfg.

214

Radio Corpn. ofɑ Am.,

43.

Bankow

Budd M'facturing Corp.

Reading Company,

Com

Harbia

Canadian Pacific R'way

Remington Arms Co., Inc.

Iloilo

52*

Case, J.L

534*

Republic Aviation Corp....

!pob

Penang

Celanese

Republic Steel

171

Prev. Today's

New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON Oct. (New contract)

9.67 9.59 19.21 19.15

801 797 581

571

10.37 10.12 10.30 10.35

9.59 .9.88 .07 up 19.18 19.21 .03 up 791 793 unch. 581

571 1 of .05 up

Opening

Closing

(Ger, Stpd. Supl, Loan) 8 Jap. 6% Ster. Loan, 1924 31 Ger. 7% Intl. Loan. 1924 51 Chartered Bank....... H.K. S'hat Bank (Ldn

Reg.: Change H.K. & Shal Bank (Col

Chesapeake & Ohio

401

Revere Corp.

Chrysler Corpn.

791

Reynold Tobac. "B"

357

Columbia Gas & Elec......

Safeway Stores

43*

Commercial Credit Co.

317

Schenley Distillers

101

Com & Southern (Ord.)

Sears Roebuck

Consolidated Edison

271

གླ

Shell Union 011

Consolidated O

Socony-Vacuum Oll

은곳

9.59 (59..

-9.58/58

9.65/66

07 up.

December (

9.59/00

9.60/60

January

{

9.49 N

9.500/520

March.

9.43/48

0.48/48

May

9.32/32

July

9.11/11

9.33/33".. -9:10/11-

Spot

.....

9.77 N

9.68/67 9.57n 9.56/59 9.43/44 -9.20/20

9.84n

.07 up

Reg) Chinese Eng. & Mining

(bearer)

Continental Can

401

Southern Pacific

Continental Of

IBA

Southern Rly $5 pfd."

201

Copperweld Steel

103

Spicer Manufacturing Co.

331

.08 up

Chosen Corporation

Curtiss Wright (C)

Standard Brands

et".

08 up

Pekin Syndicate

.. 2

Curtiss Wright "A"

277

Stand Gas & Elec.

11*

11 up

S'hal Elec. Constr. Co..... 15

Deere & "Co.

212

Standard Oil of California

173

.09 up

S'hal Waterworts “A”

Distillers Corpn. Seagrams

173

Standard O1.ø1_N.J

344

.07

Unton Insurance

20.

Douglas Aircraft

Stone & Webster.

Total sales Wednesday:-89.000 bales.

NEW YORK RUBBER

Gula Kalumpòng Rubber

1379

Du Pont de Nemours

1734

Studebaker Com.

8.-A. Tob, (bearer)... 78/11

Eagle Picher Lead.

44.

Swift International

Mercantile Bank

Eaton Mfg. Co.

331

Technicolor

December

January

March

May ....

19.18/18 19.10b/14a

19.10 N 18.95/96 18.25 B

unquoted 18.07/97. 18.88b

19.21/21 19.15b

19.05/05 18.95b

.03, up

Dunlap Rubber

28/3

Elec. Autolite

Texas Corpn.

363.

.05. up .09

Bristol Aeroplane

9/1

Elec Band & Share

Texes Gulf Sulphur

Imperial Chemical Ind. 20/6

Elec. Bond & Share $5 pr.

54"

Timken-Axle

277

.10 up

United Steel

17/104

Elec Bond & Share $6 pf.

Trans-America Co.

Deceliber

May

Total sales:--520 tons,

CHICAGO WHEAT

Wednesday's sales:-11,832,000 husbels.

Woolworths......

55/9

Marsman Investments...

8/9

Elec. Power & Light $7 pf. Flintkote

370

20th Cent. Fox

163

Union Bag & Paper Corp. 12

Western Holdings

8/9

Gen, American Trans.

Union Carbide & Carbon" 743

303/791

80 801

791/797

80/791

792/793 793/707

unch,

Sub-Nigel

160

Gen, Electric

35%

THE CHASE BANK

Union Pacific

831*

A off

Shell Trans

Trad.

Gen. Moters

491

United Aircraft

401

15, QUEEN'S ROAD, CENTRA¡

[hearer)

35/74

Gen: Railway Signal

133

United Alrithes Trans

161

CHICAGO CORN

Nat Defence Bonds, 3%

1014

Gen. Tire & Rubber

121

United Corpri

Landen-Midlands-Scot-

Glidden Co.

143*.

United Corph. $3 cum pf. 36

December "g......

587588

58/682

May

591/591

591/59!

572/573 58/588

off

tish, 3%

11&

Gondrich (BF.)

121.

United Gas, Corpn.

WINNIPEG WHEAT

Great Western Rail-

way. 3%

Goodrich $5 pf.

564*

United Gas Improvement 114

Goodyear Tire & Co.

101

U.S., Industrual Alcohol.

October

70%

70/70

70B

unch. Nat. Bank of India. 3% f-ex-dividend

241

Great Northern Iron Ore

U.S. Rubber

Great Northern Rly, pid.

271

US. Rubber $8 pfd,

NEW YORK HIDES

Great Western Sugar

201

U.S. Smelting

·641

December

10,30/30

NY- Official Silver

Marci

Total sales for the day:-84 contracts.

NY-London Cross Rate 4.05

10.20/23 10.38b/40 10.34/34

10.35/35 10.40/40

.05 up .02 up

Greyhound Corpn.

114

U.S. Steel

573

Hercules Powder Co

82*

Vanadium

Homestake Mining

-46)

Vultee Aircraft

Int Nickel

274

Walworth Co.

'24-3/4

34-3/4

Inter. Paper & Power

133

Warner Bros. Pict.

4.03-3/4

Int, Tel, & Tel

Westinghouse Elec.

Kenrecott Copper

314

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

Glass 242

Woodward Iron Cor. Chase National Bank National City Bank

£ £ * § * * * Z J £ ¤ õ

Amoy

Batavia

Boss Day

Hphong Fankow Eonolulu

Sabe

Kerricon

1071

291*

241*

Lockneed Aircraft

289

WEEKLY RETURNS

AND REPORTS

BANK OF ENGLAND

LONDON, Sept. 28 (Reuter,

Public Deposits Other Depostte:-

Banters

Other Accounts

Total

Sept. 19

ச

Sept. 26

£ 13,530

SILVER MARKET-

LONDON SILVER

London. Sept 26 (Reuter). Silver.-Market quiet and fea- tureless Business very small. In the market was the afternoon, very quiet with no business.

Spot, 23-7/18d.

Forward, 23-3/8d.

BOMBAY SILVER

Bombay, Sept. 26 (Reuter).

Market Quietly steady. Oftake

1940

DOW JONES AVERAGE

High Low Dow Jones Averages Sept.. 25

Change

Sept. 27, 1940. High Low, Close 1340),133.00.133,50 ,85 off 22.812848 28.59 24 off 29.24 22:10 22.18 .13 off 80.11 .00 off 62.74 07 off Business Done: -440,000 shares

10,800

*l* ་

75 bars.

128,780

115,900

152.80 111.84 30

Industrials

134.18

52,160

51.000

Indian Mint Silver

Total

181,950

167,880

Securities

157,820

147,810

Ready

Other

Oct. 23 Bettlement

Discounts and Advances

3,730

3.540

Nov. 28 Settlement

62-12 62-13 62-14

3267 22.18 20 28.45 18.03 20

90.61 83.00 40 61.07 48.74 11

Rails Utilities Bonds

28.83

22 28

Commodity Inder

190.17

59,81

Securities

23,260

21.080

Total

26,990

25.530

Notes and Coins

25,130

20,280

Total Bunion

1140

"Notes in circulation

608,010

1,040 504,780

13.09%

168/

Ratio of Reserve to Liabilities

Price of Gold at which holdings are valued

FEDERAL RESERVE SYSTEM

14.48%

163/-

INDO-CHINA

Yokohama

SAVINGS ACCOurts also opened in Local, Currency and Sterling with

CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CORBENCY and Fixso DEPUTYS on application.

The Bank's Head Office in London received for one year or shorter periods in Local and other Our undertakes Executer and Trustee renties on terma which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.

Buzza in various sizes To LET.

Atao up to date "SAFE DEPOSIT terms which may be ascertained as

any of the Agencies and Branches.

R A CAMIDGĖ,

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, HONGKUNG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

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

Manager.

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$10,000,000.00 Paid-Up Capital ........ 5,598,000.00 Reserve and Undivided

Profits.......

..2,v83,261.58

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

Board of Directors:

Sia Saopeng.Onow, Chairman Li Koon Chun, Esq. ⠀⠀⠀ Li Lan Sang, Esq. P. E. Kwok. Ex. Wong Chisor, Đin Wong Tim Tong, Esq. Kaa Ying Po, Rag. Chan Ching Shok, Esq. Fung Ping Wah Esq. 18, PINE STAZET,

KAN TONG PO, Esq., Chief Manager NEW YORKLI Tar FoxG, Esq., Manager

HEAD OFFICE:

An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world.

Interest Rates no Application..

SAFE DEPOSIT BOXES

This (Bank is entirely owned ́h*

NATIONAL THE CHASE

BANK NEW YORK, with Besources of ord U.8.$2,900,000,000.

D. M. BIGGAR,

Second Fice Prs

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office:-15, Gracechurch Straat, London, EC3

Authorised Ospital Bibsribed. Capital.. Paid-up Capital Reserve Fund and Rest,

BANKERS:

£3,000,000

21,800,000

£1.000.000

21,251,019

The Bank of England and Midland

Bank, Ltd. BRANCHE:"

Hongkong.. Expwrab

Ipo Jadha Exantan Kandy Karachi

Kota Bha Kunis Lépis

Kuala Trengga Nada New York

Penang Rangoon Bhanghai

Simi

Kunis Lámpar„ „Šingspore

HONG KONG BRANCH:

STEAM NAVIGATION COMPANY LTD etter of asking, and Erebenge

Operating Services for Cargo and Passengers

Bept. 19

NEW YORK, Sept. 28 (Reuter).

Sept. 28 chmitted)

Bills Bought

TO-

U.S. Securities held

Federal Reserve Ratio

Federal Reserve Credit Outstanding.

2,434,000 89.52% 2,485,000

Monetary Gold' Stock

21.093,000

8.612,000

2,434.000 89.63% 2,472,000 21,160,000 8,664,000

Industrial Advances

LONDON STOCK

EXCHANGE:

BROKERS

LOANS

New York, Sept. 20 (Reuter). Loan on securities to hrpkers in

LONDON Sent. 27 (Reuter-New York-

Week-ended On the Stock Exchange yesterday. zült-edged holdings attracted the majority of bavers, most prices rising sharply...

Kafiirs fluctuated throughout the session but closed almost un changed on the day, h

Among the oils, Burma shares, advanced from 45/76 to 48/3d. on

19/9/40 $295,000,000

Week-ended

26/9/40 $301,000,000

maintenance of the interim divl dend of 5 per cent

Wall Street was irregular

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBR and OSAKA

SINGAPORE PENANG adi CALCUTTA

BANDAKAN

HAIPHONG

All steamers berth alongside, the Roosevelt Terminal in the French Concession at Shanghai, whore passengers and cargo are landed.

For further partionla

please apply tom

JARDINE MATHESON&CO.LT

TELEPHONTÉZTOMILYGENERAL MANAGERS

Branches and Agenciespra

Loudon Manila

Melbourne Nagaczka

Peng

Lauroon

Slugsporo

Bourabaya

Satron Swatom

San Fran. Sydney

disco Tigution

Bemarang Shanghai

New York Benttia. Parir

Polying

よなせver

Every description of Banking and. Exchange business transacted. Loans, granted ou approved securities.

Current Accounts opened in Local Currency and Fixed Deposits re ceived for on. your or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.

SAFE LEPOSIT BOXES TO LET.

-KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT, OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches TRUSTEE AND EXECUTORSHIP in Chins and connections in the

baisioven translated.

UNDERTAKEN

CURRENT ACCOUNTS opened in Local Out vency . FIXED DEPOSITs recaired in Lacal Currency & BAKELING on forms that may be scertained on spy liesties,

D. BENSON,

What do

Manager.

you want ?

If there is anything you want to buy o sell try a email Classifed advertise ment in the Hong- kong Daily Prem

25 words $1.50 prepaid for 3 insertions.

principal Commercial Centres of the World, we are able to extend 'o our Cliente special facilities for Domestic and Foreign Banking arð Exchange.

Head Office:---SHANGHAI

· Hong Kong Branch,

QUEEN'S ROAD, C. Youth China Offces:

KANTORAMO

SWATOWY

SHLUCHOW

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonds and other Publio Funds of the Chinese Government both at Home and Abroad.

1940-09-28 — Page 10

Comments

Private Research Note