1940-10-01 — Page 10

415

On demand........

63 3/4

100.

NEW YORK, Sept. 28, 1940.

On India:-

Transfer

SINGAPORE RUBBER

8/2

On New York:-

SPOT

37-3/8

On Batavia:--:

On Paris:--

On Saigon:-

On demand

Ön Manila:-

Bank Bills, on demand 29 7/8 Credits. 80 days sight 23 3/4

On demand

Bank Bills, on demand 1085 Credits 4 months right 1120

OCT.-DEC.

37 cts.

JAN.-MAR.

35 cts. 35-1/8

37-1/2 37-1/2 37-1/8 37-1/4 35 cts.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

SEPTEMBER 30, 1940.

On London:

Telegraphic

Transfer: 1/2 7/4

Bank Bills, on demand;/27 Gredits 4 months aight 1/31/9

On Shanghai:

On demand

On Singapore:-

On demand

On Japan:-

Telegraphic

and demand

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

Previous Sept. 28

Close Opening Closing Change

Buyers Buyers

.:

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE)

SEPTEMBER 29, 1940.

404

TUESDAY, OCTOBER

1940.

Sterling

Last Sale

STOCKS

Last Sale

Reserve Liability of

Sept. 29

Sept. 23

Proprietors

.$120,000,000 |

Adams Express

5+

¡Loew's 'Inc. ..........

Head Office:-HONG KONG

Alleghany Steel Co.

221

Loft Incorperated

.21)

Allis Chalmers

33

Mack Truck Ine.

23

Aluminium Ltd.

30

Martin, Glen L.

317

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

Amer. Can......

100

McKesson & Robbins, pid. 25

American Cyanamid B.

36

Montgomery Ward

Amer, & Foreign Power

1}

A

M'tain City Copper Co.

32

Amer & Foreign $7 pf.

15

National Aviation'

101*

Amer. Locomotive

15

up 1/8

Nat Dairy Products

13

up 1/4.

"Amer: "Metals Co.

16

National Distillers

213

Ho

Ainer. Radiator

7

National Lead

181

G.

unch.

Amer. Rolling 'Mill

113

Nat. Fower & Light

49 3/4

The market was quiet but steady. LONDON RUBBER

Amer. S'ting and Ring Có.

41

National Supply Corp.

54.

Previous close, Today's close

Amer. Sugar Refining

13

New York Cential......

141

3. 8. Morrison, Esq., Hon. Mr. T. E. Pearce, O. C. Roberta, Esq.,

buyers

buyers

Change

Amer, Tel, & Tel....

1621

| Niagara Hudson Power

4

Hon. Mr. A. L Shield,

SPOT

11-9/16

Amer. Tobacco. “B”

774

N. American Aviation

171

Sir Vandeleur M. Grayburn,

OCTOBER

-11-9/16--

Amer. Waterworks.

81

North American Co. Mis

187

Chief Manager. FAX PLACE

NOVEMBER

11-11/18

Market closed

Anaconda Copper

221

Northern Pacific

62.

99 174

JAN. MAR.

11-9/16

Atchison, T. & 8. Fe.......

161

Owens-Illinois Glass Co.

Branches:

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital...... 850,000,000

INDIA, AUSTRALIA AND CHINA.

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 185#

Reserve Funds:

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

£3,000,000

£5,000,000

B.K. Currency Reserve $10,000,000 Reserve Liability of Pro-

prietors........

...£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2

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

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

Mr. S. H# Dodwell, skin, Esq.,

Sub-Agencies In London: 117/19, Leadenball Street, E.C.S West End Branch:

14/18, Cockapur Street, S.Wi Manchester Branch: 52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES

HARBIN ** PENANG

ALOE STAB AMBITHAR

JANGKOK

BATAVIA

EDNA IONG BANG00%.

ILOTIO

IPON

BOMBAY • KABACH: CALCUTTA

BAIGON

SEREMBAN

* SHANGHAI

SINGAPORE

SITIAWAN

SCUBARAYA

1ENTSIN

KLANG

AGENCIES:

KOBE

OLITE STREET

KUALS

"CANTON"

CAWNPORE

KUCHING

53

CEBU

MAD BAS

TONGKAH

APRIL-JUNE

11-3/8

Aviation Corp.

41

Pacific Gas & Mec

29

Amoy

On demand

_On_Bangkok:~

45 3/4

On demand

140 1/2

On Sterling Notes:-

Bank Buying Rate

Bar Bülver par.cz.

-237/16)

Chicago Wheat, Dec,

*MARKET

.....

NEW YORK COTTON Oct. (New contract) December (

0.52/52

9.53/54

January

}

9.43 N

March

t

9.43 N

d

May

{

)

9.26/27

July

9.04/05

Spot

9.71 N

Market Report

FROM KOZA BROS.

Monday, Sept. 30.

Silver prices were unchanged. yesterday the quotations remain- ing at 23 7/16 for Ready and. 23 3/8 for Forward.. American Silver was -unquoted.

I

NEW YORK COTTON:

There have been substantial sales of cot-

ton goods at hardening-prices-The movement of new crop is slow due to unfavourable weather conditions and this makes the scarcity of "free" supplies doubly felt.

CHICAGO WHEAT: The carrying charges on any volume of new crop entering Into the Government Loan will mean that over 85- cents will be needed to release such Loans. This should result in a further hardening trend.

NEW YORK STOCKS; Previous close, 131.76; Today's close. 132.32;

Change, up 56.

NEW YORK COMMODITY MARKET

The London-New York cross-rate New York Cotton, Dec. was quoted at 402.1/2. New York-New York Rubber, Dec. London was quoted at 403 1/2..

Chicago Corn, Dec.,

Quiet. for Sterling but US. Dollar New York Hides, Dec. market was Ärm:

PASSERRLING DE

No business was reported." There were seller at 1/2 31/32 up to

December, buyers at 1/3 for any delivery

• U, S. DOLLARS

Harber Asphalt Co. Barnsdall. Ou

Bendix Aviation-

Baldwin Lecometive

154

Packard Motors

34

Bangkok

Johor *Rangoon Kobe

COLOMBO

MANILA

(Bhuket)

Saigon

民

DELHI

MELAN

TAINOTAC

Baltimore & Ohio

4*

Pan-American Airways

141

Batavia

Kowloon San

TO%

Bombay

Kuala

Francisco

Paramount Pictures

B

Calcutta

Lumpur

Shanghai

3

Pennsylvania RR.

217

Canton

London

314

Singapore

Philadelphia Read, Coal

3.

Chefoo

Lyons

Sourabaya

Bethlehem Steel

791

Phillips Petroleum

35

Colombu

Malacen

Sungei

Bliss Co.

14

Public Service of, NJ,

344

Dairen

Manila

Patani"

"Boeing Airplane Co.

16

Pullman Inc.,

201

Foochow

Muar

Swatow

Borg-Warner 4.

181

Pare Oll

T

Briggs Mfg.

211

Bankow

Radio Corpn. of Am. **

4

Mukden

Budd M'facturing Corp.

1.41

Harbin

Reading Company, Com

14*

New York

Canadian Pacific R'way

34.

Hoito

Peiping

Tokyo Tsingtao "Yokobama

Remington Arms Co., Inc.

Case, I

.52"

Ipoh

Penang

Republic Aviation Corp. ...

51

Celanese

283

Republic Steel

171

(REUTER'S SERVICE)

Chesapeake & Ohio

40

Revere Corp.".

11.

Chrysler Corpn.

ገቧ .

821

577

Prev. Today's " 9.63 9.50 9.53 9.57 .04 up 19.64 19.50 19.50b 19.43 .07 off 801 791 820 21 up 571 unch. 571 571

Reynold Tobac. "B"

351

Columbia Gas & Elec.

51

Safeway Stores

42"

Commercial, Credit Co.

303

Schenley Distillers

.97.

Com, & Southern (Ord.)

14

Sears Roebuck ·

82

rencies on qucted on application.

Consolidated. Edison ...

261

Shell Union Off

81

Consolidated Ou

в

10.42 10.37 10.216 10.36b 15 up

Socony-Vacunum Oll

83

Continental Can

39

Southern Pacific

誓

Close

Opening

Closing.

Change

Continental 01

173

Southern Rly $5 pfd. ......

211

9.54/51

9.58/58

06 up

Copperweld Steel

19

Spicer Manufacturing Co.

3341

9.51/52

9.57759

.04 up

Curtiss Wright (C.)

73

Standard Brands

61

9.40/40

9.50m

.07 up

Curtiss Wright" "A"

27

Stand Gas Elec,

9.42/42

9.51/51

.08 up

Deere & Co.

214

Standard On of California

173

9.25/26

9.35/35

.09 up

Distillers Corpn. Scagrums

*

Standard Oll of NJ.

332

9.04/04

9.14/14 9.77n

-10up

Douglas Aircraft...

77*

Stone-&--Webster.

.06 up

Du Pont de Nemours ..............d

173

Studebaker Com

7}

Opened: with sellers at 23 1/4

Eagle Picher Lead

Total sales Friday:-130,000 bales.

Swift International

172

with-business done. subsequently

Eaton Mfg. Co.

327

Technicolor

9.

at 28.3/8 followed by transactions NEW YORK RUBBER

Elec, Autolite-

352

Texas Corp.

357

al 23 7/16, 23 1/2, 23.0/16, 23-5/8 December

19.50b

and 2311/16 for Cash. The mar-January

19.41b

19.25b

19.64/64 19.496" 18.50/50 19.43b 19.40b/45a 19.32/32

.01, off

Elec. Bond & Share

51

Texes Gulf Sulphur

333

.02 up

Elec. Bond & Share $5 pf.

82*#

Timken-Axle

274.

.07 up

Eléc Bond & Share $6 pf.

19.15b

19.40a

19.20/20

,05 up

Elec. Power & Light 37 pt.

Total sales:-300 tons.

Flintkote

Gen. American Trans.

CHICAGO WHEAT December

Gen. Electric

-797/80

801/801

821/824

24 up

Gen Motors .....

May

791/791 791/79

811/811

2 up

Gen. Railway Signal

Gen. Tire & Rubber

at 475 112

Glidden Co.

Goodrich (B.F) d

May

571/571 571/571 582/582

578/57+

unch.

Goodrich 35 `pr.

59/581

581/581

unch,

}

Goodyear Tire & Co.

. יו

Great Northern Iron Org -

TOJ

701b

71+b

14 up

Great Northern Rly, pfd.

Great Western Sugar

Greyhound Corps.

10.36b 10.40b

*15 up

Hercules Powder Co.

קט 10.

Homestake Mining,

Irit Nickel

unquoted. 4.03-1/2.

Inter. Paper & Power

înt, Tel. & Tel

Kennecott Copper

Lakey Foundry & Mac....

10.56b/572 10:64b

.01 of.

Libbey-Owens-Ford Glass Lockneed Aircraft.

Eet closed at 1 pm. with sellers March

at 23/11/18 for near buyers at 33 | May

13/18 for Cash.

* SHANGHAI DOLLARS Opened with sellers at 420 The highest rate touched was 427 '1/€

there were sellers'

Towards 1 PE MAS

2 buyers at 426 1/4

· ...1SHANGHAI MARKET

Opened with sellers at 3 1/2 but

later the Sterling market eased slightly to 3 31/64. The market closed with sellers at 3 1/2 for US. Dollars opened with Spot. sellers at 5'7/18 and closed firm with sellers at 5 1/2 for Spot.

AFTERNOON MARKET

*MARKET

STERLING

The market closed with sellers at 1/2/31/32 up to December, buy- ers at 1/3 for any delivery,

U. 3. DOLLARS

Steady.. Business was dons at 23 15/18 for the end of October. There were sellers at. 23, 3/4 for near and 23 13/16 end of October. buyers at 23. 7/8 for Cash.

SHANGHAI DOLLARS Opened with sellers at 425 and closed with sellers at 422, buyers at 423 1/2.

with

SHANGHAI MARKET

afternoon Opened this sellers of Sterling at 3 1/2 and closed steadier at 3 17/32 for Spot, US Dollars opened with sellera at 9/16 and closed with sellers at -6 5/8 for spot.

Shanghai Exchange

Shanghal, Sept. 30 (Reuter).

Official T.T. Rates

London

New York.

Japan

India

Hongkong

Sterling

Friday's sales:-10,243,000 bushels. CHICAGO CORN December

WINNIPEG. WHEAT October NEW YORK HIDES December March

10.21b/24a 10.27/32 10.30/30 10.36/36 Total sales for the day:-54 contracts.

NY Official Silver 34-3/4 NY-London Cross Rate 4.03-1/2 NEW YORK COPPER FUTURES

December

10.65b

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Sept. 27.

The following quotations are the middle prices at the close of the market in London. All quotations

Tientsin-Pukow Rly. 5%

(Brit. Stpd. Supl, Loan: 8 Tientsin-Pukow Rly. 5%

(Ger. Stpd. Supl, Loan, 8

are subject to confirmation and no Jap. 5% Ster. Loan, 1924 30 responsibility is assumed for errors Ger, 7% Intl. Loan, 1924 54 in transmission.

War Loan. 31% (Red,

after 1952).....

1011 Santon-Kidon Blg. 5% 8,

hinese 41% Gold Loan".

1898 (Brit. Issueż Chifriese 5% Gold Bonds..

1925-47....

1840

DOW JONES AVERAGE

High Low Dow Jones Averages Sept. 27 152.80 111.84 34 Industrials

131.78

Sept. 29. 1940. ' High Low Close 132.38 131.83. 132.32 ́

Change

This Bank is” entirely ownad · bị *TUR CHASE NATIONAL BANK - New York, with Besources, of orig 1.8.$9,900,000,000, «

D. M. BIGGAB,

Second Find Broa

A job?

NETS

·32.67 22.18 -20

28.45 18.03.20 90.61 83.00 40

Rails

Utilities

Bonds

64.07 48.74 11 Commodity Index

28.27

21.75

89.87

52.76.

28.42 20.20 28.40

.68 up

21.69" 21.59 21.65 .10 off

89.82 .05 up.. 61.23 .44.up

Business Done:-200,000 shares

WANT ADS

INDO-CHIN

Semarang Shangbal

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- reacies on terms which will ho quoted on application

SAFE DEPOSIT BOXES. TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Spécially Chartered" by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE VAGANTE BANK** PAID-UP CAPITAL: 840,000,000:00

STEAM NAVIGATION COMPANY LTD BLANCHE ALE OVER CHINA)

Oporating Services for Cargo and Passengers

Chartered Bank

£

30

4K. & Shai Bank (Ida

Reg./ H.K. & Shai Banx (Col.

Reg) Chinese Eng. & Mining

(bearer).

67

72

Chosen Corporation

Pekin Syndicate

Chin 44% Anglo-French

Loan, 1908 44 Chinese 5%. Crisp Loan.

1912.

B'bai Elec. Constr. Co.

15

Bhal Waterworks "A"

13

TO

Union Insurance

20

SWATOW, SHANGHAI, TSINGTAŬ, CHEFOO

Gala Kalumpong Rubber 13/9

Opening

3-7/16

5-1/4

Chinese 5% Reorg, Loan,

1913 (Ldn. Is.) Chinese 8% Ster. Notes,

1925 (Vickers) ...........

B-A Tob. (bearer)

78/9

18

Mercantile Bank

Dunlop Rubber ››

11 28

Bristol Aeroplane

9/11

22-1/4

Chin. Imperial Rly 5%

Imperial Chemical Ind. 26/0.

19 N

Loan

United Steel

22-3/4

17/74

Honan: Rly, 5%

10

Woolworths

55/8

Hukuang Rly 6%, 1911...

Marsman. Investments

[(LP. N/V Issue).

Western Holdings

8/9

Hukuang Rly 5%, 1911

German Lasue)

Sub-Nigel

180

10

Shell Trans, &z Trad.

Hai

nearer Ca

35/7

| Londen-Midlands-Scol-

tish 3%

411

Great Western Rail-

way 3% .......

28

Hat Bank of India. 3%

244

Hellers

Opening Closing 0/3-1/2 0/3-17/32 0/3-1/2 0/3-17/32- 0/3-31/640/3-33/64.

U.S. Dollars -85-17/32" - $5-6/8. 5-17/32. — 6-5/8 5-1/2

Lung Tsing & Rly 5% 1913 S'hai-N'King Rly. 5% Tientsin-Pukow, Rly, 5%

(Brit Btpd.) Tientsin-Pukow. Rly.5%

(German Sipd.)

Spot

Oct.

Now,

Spot

Oct

Nov.

5-19/32

Market-Very steady,

Nat Defence Bonda, 3% 1014

and TIENTSIN A

KOBE and OSAKA

SINGAPORE, PENANG ] CALLUTTA

SANDAKAN

HAIPHONG

All steamers borth alongside the Roosevelt, Terminal in the French Concession at Shanghai, where paasengers and cargo are landed.

For further particulars

pleass apply

ARDINE

HESON&C

• GENERALMANAGERS

Owing to our numerous Branches in Chins and connections in the principal Commercial Centres of the World, we are able to extend so our Clients special facilities for Domestic and Foreign Banking and Exchange, ja k

Head Office: SHANGHAI Hong Kong Branch-

4, QUEEN'S ROAD, C South China Offees:

CANTON

SWATOW

KONGMOON TOISHIAN N

SHLUCHOWKINGCHOW

We also handle the issue of Bonds. and other Publie Fands of the Chinese Government both at Home ind Abroad

BBOUT

713

Frans America Có.

4.

373

20th Cent. Fox.

51*

∙161

Union Bag & Paper Corp.

12

50

Union Carbide & Carbon

734*

35

Union Pacific

834*

494

United Aircraft

40

141

United Airlines Trans

18

12;*

United Corpn

14.

HEAD OFFICE:

14

United Corpn. $3 cum pf.

354

121

United Gas Corpn.

11*

541.

United Gas Improvement

114

154

U.S.. Industrual Alcohol....

227

14%

U.S. Rubber

201

271

U.S. Rubber $8 pfd.

75

19*

U.S. Smelting

02

11

DB. Steel.

573

SAFE DEPOSIT BOXES

Haiphong (Johore) Tientsin

"HARBURG HANKOW

NEW YORK "FELFING"

(Peking)

FOREIGN EXCHANGE and General Backing Business transacted...

CURRENT ACCours opened and FIXED DEPOSIT received for One Year or shorter periods in Local or Other Currencies 'at rates which will be quoted on application.

די

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT Accounta" opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSIT 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 terms which will be business, "and claima recovery of British Income Tax overpaid, on-

ALSO up to date SAFE DEPOSIT terms which may be ascertained at Boxes in various sizes To Læc.

any of the Agencies and Branches;

R.. A. CAMIDGE,

Manager.

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. 95th Feb., 1930.

THE CHASE BANK

18, QUEEN'S ROAD, CENTRA¡

18. FINS STREET,

NEW YORK

An American Bank offering com plete Foreign Banking Servic id the principal Markets of thr world. Interest Rates.ca Application.

BANK OF EAST ASIA, LIMITED-

Authorised Capital.....$10,000,000.00 Paid-Up Capital 5,593,600.00 deserve and Undivided

Profits.3,281.59

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central

Board of Directors:

リー

SIE SADTBON CHOW, Chairman. Li Koon Chan, Esq. Li Lan 8an, Esq. P. K. Kwok, Esq. Wong Chs Son, Eng. Wong Tun Tong, Esq. Kan Ying Po, Eq Chan Ching Shot, 61, Fang Ping Wah Eaq KAN TONG PO, Esa, Chief Manager Li Tax Foxo, Esq., Manager

Branches and Agencies::

Korrtoon Loudon Rangoon

Bingapore Bourabaya

Melbourne San Fran Bydasy Nagusks

|HAIPHONG

YOKOHAMA

81"

Vanadium

311

.45h

Vultée Aircraft ...

g*

ames i

BLITIK

Bombay

Manila

Bagon

BWLLOW

Calcutta

Haiphong

alano Tiantaia

Hankow

Now Fork Beatils

Couver

Hopolala

Kobe

'Paris

Pelplog

Редале

261

Walworth Co.

47

141

Warner Bros. Pict.

.21

21

Westinghouse Elec,

.1061*

301

Woodward Iron Cor.

27

41

427

Chase National Bank National City Bank

-291.

231*

23