1940-10-03 — Page 10

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On demand

On Bangkok:-

On demand

On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz,

Market Report

The market was steady.

NEW YORK COTTON: Hedging is more active, but

support is in evidence. The 'market is now awaiting a technical correction and an increase of hedges, but we would utilize easy spots for accumulation, believing that the Loan will ultimately tighten the "spot" situation.

(Johore) Tientsia

PRIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted..

CURRENT "AccoCETS opened" `and FIXED DEPOsita received for One Year or shorter periods in Looni_or Other Currencies" at rates which will be quoted on application.

Adams Express

Alleghany Steel Co.

415

Allis Chalmers

52 3/4

Aluminium Ltd,

NEW YORK October 1, 1940

Amer. Can.....

105

SINGAPORE RUBBER

Transter.

62-1/2

Previous October 1

Close Opening Closing Buyers Buyers

American Cyanamid B

Change

Amer. & Foreign Power

Amer & Foreign:$7 pf. ...

SPOT

37-1/2

.37-172 37-1/4

6·1/4

Amer. Locomotive

Amer. Metals Co...

OCT.-DEC.

37-1/4

JAN.-MAR.

35-1/8 35-1/8

APR.-JUNE

33-3/4

35 cts. 33-5/8

off 1/8

Amer, Radiator

Amer. Rolling Mill

Amer. S'ting and R'ing Co.

On Batavia:-

On demand

...... 43

On Paris:-

The market was quiet, LONDON RUBBER

Amer, Sugar Refining

Previous close Today's close

Amer. Tel & Tel.

buyers

Credits 4 months' aight 1160

11-3/41

bayers.. 11-3/4

Change

AT.. Tobacco "B"

“unich.

SPOT

Amer. Waterworks

11-3/4"

On Saigon:-

OCTOBER

Anaconda Copper

On demand

100

NOVEMBER

11-13/18

11-13/16

unch.

Atchison, T. & B. Fe.

On Manila:-

DECEMBER

11-3/1

Aviation Corp.

417

JAN,-MAR.

APRIL-JUNE

11-7/8 11-5/8

11-3/4 11-5/8

off 1/8 unch.

Baldwin Lecomėtive

Baltimore & Ohio

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

OCTOBER 2, 1940,

On London !---

Telegraphic Transfer. 1/9 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

On Japan:-

On India:-

On demand.

Telegraphic

and demand.........

Bank Bills, on demand ga

Credits, 60 days' sight 23 7/8

On New York:-

Bank Bills, on demand TheS

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE) OCTOBER 2, 1940,

THURSDAY OCTOBER 3, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital................... $60,000,000

INDIA, AUSTRALJA

AND CHINA

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

Resorve Funda:

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

£3,000,000

£3,000,009

.......£3,000,009

Sterling H.E. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of.

priators... Proprietors

ኔ

$20,000,000

Head Office:-HONG KONG

E. S. Morrison: Esq., Hon. Mr. T. E. Pearce,

Hon. Mr. A. L. Shields Sir Vandeleur M. Graybura,

Chief Manager.

HEAD OFFICE: LONDON:

38, Bishopsgata EC.S.

Sub-Agencies In London: 17/199, Leadenhall Street, 'E.C.a⠀

West End Branch; 14/18, Cockspur Street, 8.WI Manchester Branch; 59, Mosley Street, Manchester, 2.

ALOE STAR AMRITSAR

PINANG

MANGOON BAIGON

AGENCIES AND BRANCHES ·

HARBIN ZÓNA KONG ILOILO ПРОН KARACHI KLANG

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

AGENCIES: CLIVE STORES

Youlin Pract

CANTON CAWNPORN.

•CEBO

COLOMBO

KOMM

KUALA

LUMPU§

BEREMBAN

SHANGHAI

SINGAPORA

AITIAWAN

SCURABAYA

"VAIPING"

TIESTSIN KOCRING

MADRAS

MANILA

MEDAN

TONGKAH

(Bhuket)

THINGTAO

TOKOHAMA

Last Sale

STOCKS

Last Sale

Oct. 1

Oct. 1.

Loew's Inc. ..

231

Loft Incorperates

3-4

Mack Truck Inc.

Martin, Glen L.

32!

100

McKessun & Robbins, pid. 281

Montgomery Ward

414

M'tain City Copper Co.

Board of Directors: H. V. Wilkinson, Esq.,4

Chairman Hoa. Mr. J. J. Paterson,

Deputy Chairman.

National Aviation

161

Kat. Dairy Products

131

J. K. Bouafield, Esq., "A. H. Compton, Esq.,

131

National Distillers

Hon. Mr. S. H. Dodwell,

National Lead

G. Miskin, Esq.,

12)

Nat, Power & Light

National Supply Corp.

New York Central

147

C. C. Roberts, Esq.,

163+

Niagara Hudson Power

773

N. American Attalion

171

****

"North" "American Co.

221

Northern Pacific

Owens-linols Glass Co.

331

Pacific Gas & Elec

291

Amoy

Branches:

Johare

16)

Packard Motors

Bangkoi Kobe

Rangoon Saigon

DILEI

Pan-American Airways

Batavia

Kowloon Sap

Barber Asphalt Co.

Paramount Pictures

Bombay

Kuala

Francisco

better trade

Barnsdall Ol

Pennsylvania RIR.

221

Calcutta Lumpur Shanghai

Canton London

HAIPHONO KAMBURG HANKOW

NEW YORK

Bendix Aviation-

32)

Philadelphia Read, Coal

Cheloo

Lyons

Bethlehem Steel

23 7/18

80%

Phillips Petroleum

354

Colombo

Malacen

Bliss & Co.

Public Service of N.J.

352

Dairen

Manila

Boeing Airplane.Co.

161

Pullman Inc.............

231

Foochow

Muar “l

Singapore Sourabaya Sungei

Patani Swatow

Borg-Warner ............... Briggs 'Mig.

181

Pure Oil

Haiphong

221

Radio Corpn. of Am,

Bankow

Mukden

Tokyo

Budd M'facturing Corp.

Reading Company.

Com

144*

Harbin

Canadian Pacific' R'way

Remington Arms Co., Inc.

58*

Iloilo

[pob

Case, JI

56...

Republic Aviation Corp. he

Celanese

298

Republic Steel

ગૂમ

Chesapeake & Ohio

401

Revere Corp.

11**

Chrysler Corpn.

79%

Reynold Tobac. "B"

reported the market as being idle and featureless. American Sliver was quoted at 343/4 for Spot.

Columbia Gas & Elec.

Safeway Stores

(REUTER'S SERVICE)

Commercial Credit Co.

Schenley Distillers

104

9.57

19.80

Chicago Wheat, Dec.....

831

Chicago Corn, Dec.

581 58

Prev. Today's 9.52 9.56 9.55 19.52 19.50 19.56

821 821

571 58

Com, & Southern (Ord.)

Sears Roebuck

834

quoted on application.

01 "off .06 up

Consolidated Edison

Shell Union où

Consolidated Oil

Socony-Vacunum Ou

.822

off

Continental Can Continental Oll

"Southern Pacifc

174

Southern Rly $5 pid.

221

New York Hides, Dec.y NEW YORK COTTON Oct. (New contract) December January March May

10.78 10.58 10.45 10.75b 30 up

Copperweld Steel

201

Spicer Manufacturing Co..

Opening

Closing

Change

Curtiss Wright (C.)

Standard Brands

9.54/54

9.51/51

9.54n

.unch.

Curtiss Wright “A*

27}

Stand Gas & Elec,

9.58/75

9.52/52

9.51/51

~9:48b/496-

}

9.50/50

9.47/46

9.34/34

9.31/32

}

9.13/13

9.10/10

та

9.69 N

9.55/55 -9.601-

9.50/51. 9.34/34 9.130 9.691

101 of

Deere & Co.

224.

Standard Oil of California

177

01_of

Distillers Corpn. Beagrams

171

Standard Oil of N.J.

unch.

Douglas Aircraft

Stone & Webster

Du Pont de Nemours

178

Studebaker Com

Eagle Picher Lead

Swift International

172*

Eaton Mfg. Co.

Technicolor

Elec. Autolite

371

Texas Corpn. "

Elec Bond & Share

Texes Gulf Sulphur

334

Elec. Bond & Share $5 pf.

641-

Timken-Axle.

19.50/50 19.14h 19.32/32 19.20b

19.55/52

unquoted

19,50/58 19.50b

.00. up

Elec. Bond & Share $5 p.

711"

Trans-America Co.

.08 up

Elec. Power & Light $7 pr.

371

19.33/33

19.39b/40a

.07 up

20th Cent.. FOX.

57"

Flinkote

171

unquoted 19.28b

.08 up

Union Bag & Paper Corp.

124

Gen. American Trans.

Union Carbide & Carbon

744

THE CHASE BANK

Gen.. Electric

351

Union Pacific

841

Gen. Motors

497

United Aireraft

40%

18, QUEEN'S ROAD, CENTRA

821/821 82/821

831/832

824/821

1 of

Gen. Hallway Signal

181

United Airlines Trans

· 171

821824

821 82

unch.

Gen. Tire & Rubber

124

United Corpn.

HEAD OFFICE:

ระ

Glidden Co.

.149

United Corpn. $3 cùm pf. 36

Goodrich (B.F.)

127*

United Gas Corpn.

572/572 58/58 59/59

59/591

581/58 5916

+ up

Goodrich $5 -pf.

United Gas Improvement

111

Goodyear Tire & Co.

161

U.S., Industrual Alcohol.

242

Great Northern Iron Ore ..

151

WHEAT

US Rubber

21+.

7116

71/711.

71b

# "off

Great Northern Rly, pfd.

US: Rubber $8 pfd.

771

Great Western Bugar

101

Interest Rates on Application..

U.S. Smelting

Manila

London

New York

Japan

India

Hongkong

March.

Opening

0/3-7/16

5-1/4

22-1/4

10 N 22-3/4

10.45/45 10.48b

10.50b/60a 10.75b 10.60/60 10.73/73

.30 up up

# Greyhound Corpn.

Hercules Powder Co.

111

US Steel rag

594

SAFE DEPOSIT BOXES

"Malberarm Nagsis

Henkow Yew York

Settle

Vanadium

323

Homolain

Homestake Mining

Vultee Aircraft

Int Nickel

27.

Walworth Co.

This Bank is entirely owned by Kote

THE CRANE "NATIONAL

Paris Polping

34-3/4.

Inter. Paper & Power

147

Warner Bros. Pict.

NEW YORK, with Besources_of_cal]}]}

4.03-3/4

Int. Tel. & TeĹ

21*

Westinghouse Elec

108

Kennecott Copper

Woodward Iron Cor.

284

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

· 4*

Chase National Bank

294

National City Bank

244

201

FROM ROZA BROS.

Wednesday, Oct 2 Silver prices were unchanged today, the quotations remain- ing at 23.7/16 for Ready and 23. Silver "advices 3/8 for Forward.

CHICAGO, WHEAT: The market was featureless, with no material

Some quidation of Loan stocks was noted. " pressure. NEW YORK STOCKS: Previous close, 132,84; Today's close, 134.33;

"Change, up 1.69.

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 403,9/4,

Quiet.

MARKET

STERLING

No business was reported. There were sellers at 1/2.31/32 up to December, buyers at 1/3 for any delivery.

U. S. DOLLARS

Opened with sellers at 24.5/16 July but a small business was done spot subsequently at 23.7/18 for Cash followed by transactions at 23.9/ market 18 for November. The closed with sellers at 23.1/2 for near, buyers at 23.5/8 for Cash,

SHANGHAI DOLLARS

Quiet. Business was done at 425. The market closed with sellers at 424.1/2.

SHANGHAI MARKET Sterling opened, with sellers 3.1/2 and the last rate received was 3.33/64 for Spot. US. Dollars opened with sellers at 5.15/32-and closed steadier at 5.1/2 for Spot.

Shanghai Exchange

Spot

Official T.T. Rates

Shanghal, Oct. 2 (Reuter).

Sterling

Fellers

Opening Closing 0/3-1/2 0/3-33/64 Oct.0/3-1/2 0/3-33/64 Nov...... 0/3-31/64 0/3-1/2

U.S. Dollars Spot $5-15/32

$5-1/2 5-1/2 5-15/32

Oct.

5-15/32 Nov.

5-7/18 Market: Quiet but steady.

India Rupee Paper

Bombay, Oct. 1 (Reuter). Govt, 31% Rupee, 91-02-0.

Calcutta Exchange

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

SILVER MARKET LONDON SILVER London, Oct. 1 (Reuter). Silver-Market featureless "and

·Tale

Spot, 23-7/168.

Forward, 23-3/8d.

HOMBAY SILVER

Bombay, Oct. 1 (Reuter). Market Quiet but steady. Off-

take 50 bars.

Indian Mint Silver

Ready...

Oct. 23 Settlement

Nov 28 Settlement

02-12 82-13 62-14

LONDON GOLD.

London Oct 1 (Reuter). Bar Gold, Fine per oz, 188/

Total sales Monday: 101.900 bales. NEW YORK RUBBER December January March May

Total sales:-290 tons. CHICAGO WHEAT December May

Monday's sales:-14,579.000 bushels. CHICAGO CORN December May WINNIPEG October

NEW YORK HIDES December

Total sales for the day:-213 lots. NY-Official Silver 34-3/4

NY-London Cross Rate 4.04-1/2

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

. London, Oct. 1 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.

LONDON METALS

EXCHANGE

London, Oct. 1 (Reuter). Tin, Standard," Cash,. "Middle Price: £256-1/2

Tin, Standard, 3 months, Middle Price, £260-1/B.

Tientsin-Pukow Rly. 5% (Ger.Etpd. Supi, Lean) Jap. 6% Ster, Loan, 1924. 221 Ger, 7% Inti, Loan, 1924 53 Chartered Bank

H.K. & 8'tial Bank (Lan

Reg.)

བླླgg

-1940

DOW JONES AVERAGE

High Low Dow Jones Averages Sept. 20 189.80 111.84 30 Industrials

32.67 22.18 - Raila

28.45 19.03 20

90.61 83.00. 40

64.07 48.47 11

Change

1.69 up

139.64

28.62

Utilities

21.60

Oct. 2, 1940, High Low Close 138.04 133,04 134.33 29.1528.80 28.05 22.04 21.73 . 21.93

.53 up

.24 up

Bonda

29.96

Commodity Index

53.42

90.28 53.35

.20 up .07.off

Business Done: 910,000 shares

New York Tsingtao Peiping Yokobama

Penang

SAVINGS ACCOUrta also opened in Local Currency and Sterling with CURRENT Accounts opened in interest allowed at rates obtainable LOCAL CURRENCY and FixED DEATH on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on terma which may be ascertained, at any of the Agencies and Branches."

R. A. CAMIDGE,

Manager.

Atso up to date SATE DEPOSIT Boxes in various sizes To Lar. Hong Kong. 28th February, 1940.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG & SHANGHAT BANKING COR PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SHANGHAL BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager. Hong Kong. 28th Feb., 1939.

18, PINE STEHT, "

** NEW YORK

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

17.8.$2,900,000,000. 11

BANY

D. M. BIGGAB,

Second Fier "Prou

A Job

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LT

Operating Services for Cargofand Passengers

War Loan. 34% (Red,

after 1952) Janton-Kloon Rly. 5% 6 chinese. 41% Gold Loan

1898 (Brit. Issue

30 Chinèse 5% Gold Bonds.

1925-47

101

HK & Shai Bank (Col

Reg)

Chinese Eng. Mining

(bearers....

Chin. 41% Anglo-French

Loan, 1908

Chosen Corporation

Pekin Syndicate

Chinese „5% Crisp Loan.

1912

B'hai Elec. Constr. Co.

B'hat Waterworks “A”

Union Insurance

Gula Kalumpong Rubber 19/9 |8-A, Tob, (bearer)

Mercantile Bank ......... Dunlop Rubber:. Kristol Aeroplane Imperial Chemical Ind. 26/6 United Steel.................... 17 Woolworths

. #78/11 11.

28/11 9/3

Sub-Nigel

Marsman Investments .." 8/9 Western Holdings

160

Shell Trans.

Trad...

(bearery

Chinese 5% Reorg, Loan,

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

1925 (Vickers) Chin. Imperial Rly. 5%

Loan ... Honan Rly, 5% Hukuang Rly 5%. 1011...

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

Germany Issue); „..........

Lung Tstrig & U. Ha!

འ་གང་

Rly. 6% 1913 Suite, Shal-N'King Rly. 5% 12 Tientsin-Pukow Bly. 5%

--(Brit! Stpd.) pant Tientsin-Pukow RIF. 5%

German Btpd.) Tientsin-Pukow Ruy, 5%

"(Brit. Stod; Supl Loan) 8

35/74 Nat Defence Bonds, 3% 1011

London Midlands-Bcol-

tish/:3%

Great Western Rall-

Nat. Bank of India, 8%

245

SWATOW, SHANGHAI, TSINGTAU, CHEVỦ0.

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the Franch Concession at

Shanghai, where passengers and cargo are landed.

For further particulars

please apply to-

JARDINE MATHESON--

BANK OF EAST ASIA, LIMITED".

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

Profits

5,598,600.00 2,963,281.60

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

Board of Directors:

BIR SHOUSON Chow, Chairman .. Li Koon Chan, Esq." Li Lan Bang, Esq. P. K. Kwok, Esq. Wong Chu Bon, Daq. Wong Tan Tong, Esq. Kan Ying Po, Bag.. Chan Ching Shok, Esq. Fang Ping Wah Eng KAN Torg Po, Esq., Chief Manager. Lt. Ts Fona, Esq., Manager

Amey

Betsris Bombay Calcutta

Branches and Agencies; -

Ralpheng

Kowloom Loadin

Pemang

Bangpan Bourabays

Balgus

Swatow

Bali Fran- Sydory bl

› Semarang Shangha

Вод

and

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

Current Accounts opened in Looni Currency and Fixed Deposits re- ceived for one year or shorter " periods in Local and Foreign Onr runcien on terms which will be quoted on application

SAFE CEPOSIT BOXES TO LE

KAN TONG PO

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT. OF CHINA AS AN INTERNATIONAL EXCHANGE

BANKG PAID-UP CAPITAL $40,000,000,00

(BRANCHES ALL OVER CHINA): Owing to our numerous Branches in China and connections in the principal Commercial Centron 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, QUZEN'S ROAD, C,

South China Officea."-

CANTÓN

SWATÓW

SHIUCHOW

KONGMOON TOISHAN

KINGOHOW

|– We xiso baudis the issue of Bonds - and other Public Funds of the Chines Government both at Home and Abroad

1940-10-03 — Page 10

Comments

Private Research Note