1940-10-04 — Page 10

Daily Press 孖剌西報 All

Patani.

Haiphong (Jobore) Tientsin

PRIPING

(Peking)

FORE ON EXCHANGE" and General Banking Business transacted.

CURRENT ACoomers opened and FIXED DEPOSITS received for Ons Year or shorter periods in Loanl 01 Other Currencies at rates which will be quoted on application.

Adams Express

Alleghany Steel Co.

Allis Chalmers

Aluminium Ltd,

Amex. Can

American Cyanamid B

Close Opening Closing. Change Buyers Buyers

Amer. & Foreign Power ...

Amer& Foreign $7. p.

37-1/4

.37-1/4

37-1/8

of 1/8

"Amer. Locomotive

35 cts. 35 cts.

33-5/8 93-5/8

35 cts. 33-5/8

Amer. Metals Co.............

Amer. Radiator

Amer. Rolling MillTM

43 1/4

The market was quiet. LONDON RUBBER

Amer. S'ting and Ring Co.

Previous close Today's close

Amer. Sugar. Redning

buyers

Change

Amer. Tel, & Tel

PAGE 10 HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING - QUOTATIONS

OCTOBER 3, 1940,

On London:

Telegraphic · Transfer: 1/1 7/9 Bank Bulls, on demand 1/3 7/9 Credits 4 months" sight 1/31/3 On Shanghal-

On demand

On Singapore:-

On demand

On Japan!-

416

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY

MARKET REVIEW

(FROM PAYNE & CO.)

ĮNEW YORK, Öctober 2, 1940.

SINGAPORE RUBBER

On demand

52 3/1

106

On India:-

Telegraphic

Transfer.

and demand

82 1/2

On New York:-

S FOT

| JAN.-MAR.

On Batavia:---

On demand

On Paris:

Bank Bills, on demand 23 1/8

Credits, 60 days sight 24

APR.-JUNE

Previous October 2

unch.

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION="

(REUTER'S SERVICE)

OCTOBER. 3, 1940,

FRIDAY, OCTOBER

BANKS

1940.

HONGKONG &

& SHANGHAI THE CHARTERED BANK OF BANKING CORPORATION

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

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 890,000,000) incorporated by Royal Charter, 183

Beserve Funda:

£6,500,000 Reserve Fund

Paid-Up Capital ... £3,000,000

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

Chairman.

prietors

000,000

£3,000,000

HEAD OFFICE, LONDON:

38, Bishopsgate E.0.2. Sub-Agencler In London: 117/128, Leadenhall Street, E.Ɑi West End Branch:

14/16, Cockapur Street, 6.WI Manchester Branch: 58," Mosley Street, Manchester, 2

AGENCIES AND BRANCHES

BARBIN

PENANG HONG KONG® KANGOON ILOILO

Sterling

Last Sale

-STOCKS

Last Sale -

Reserve Liability of

Oct 2

Oct. 2

Proprietors

$20,000,000

Loew's Inc.

25+

Head Omce-HONG KONG

· 231

Loft Incorperated

201

351

Mack Truck Inc.

28++...li

93:

Martin, Glen L.

324

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

1007

McKesson & Robbins, pfd. 23

Montgomery Ward

*18

Hon Mr. J. J. Paterson,

1**

M'tain City Copper Co.

Deputy Chairman.

164

National Aviation-

J. K. Bousfeld, Esq.,

...

101

Nat, Dairy Products

A. H. Compton, Esq.,

161

National Distillers

Hon. Mr. S. H. Dodwell,

National Lead

G. Miskin, Esq.,

ALOR STAS АМВІТВАЯ

124

Nat, Power & Light .......

E. S. Morrison, Esq.,

ΜΑΚΑΚΟΣ

421

National Supply Corp.

Hoa. Mr. T E. Pearce,

"SAIGON","

BATAVIA

IPOR

BREEMBAN

134

New York Central

151

C. C. Roberts, Esq.,

BOMBAY

1634.

Niagara Hudson Power

Bank Bulls, on demand 1085 Credits 4 months" sight 1160...

On Saigon:-

On demand

On Manila:---

On demand

On Bangkok:-

On' demand

On Sterling Notes:---

Bank Buying Rate

Bar. Silver per oz....

100 1/2 JAN.-MAR.

Shanghai Exchange

SPOT

21-3/4

11-13/18

up 1/18

Amer. Tobacco “B”.

77+

N. Američan-Aviation...

-171-

NOVEMBER"

11-137′16′′

T1-778***

UpT/16

Ammer. Waterworks

North American Co.

DECEMBER

11-3/4

|APRIL-JUNE

11-5/8"

11-7/8 11-13/18 11-11/16

up 1/8 up 1/16 up 1/18

Anaconda Copper

231.

Northern Pacific

Atchison, T. & 3 1%

Owens-Tilinols Glass Co.

Branches:

Aviation Corp.....

Pacific Gas & Bee.....

234~

Amoy

Jabore

46 1/4

The market was steady but quiet.

NEW YORK COTTON:

Baldwin Lecometive"

161

Packard Motors

Bangkok

Kobe

Hedging is moderate, being absorbed large-

Baltimore & Ohio

*41

Pan-American Airways

Batavia

Κοπίρου

Hon. Mr. A. L. Shield, Sir Vandeleur M. Grayburn,

Chief Manager.

Rangoon Saigon San

CEBE FAZLIN PLAS

CANTON

CAWNPORE

KUALA

LUMPUR

CALOUTTA

KARAONI KLANG

SHANGHAI

SINGAPOR

AGENCIES: KOB

SITIAWAK

BOUKARATA

TAIPING

KUCHING

CIBU COLOMBO

MADRAS

MANILA

DALE1

MEDAN

23 716

Oficial T.T. Estes

Shanghai, Oct. 3 (Reuter).

Opening

London

0/3-7/16

New York

5-1/4

Japan

22-1/4

India

19 N

Hongkong

22-3/4

Sterling

Sellers

ly by the domestic trade. CHICAGO WHEAT: The market was easier an proft-taking and moderate hedging against Loan, withdrawals, but there "was no selling pressure. An average of private estimates shows a spring crop of 224,000 bushels.

NEW YORK STOCKS: Previous close, 134.33; Today's close, 134.97;

Change, up 64:

NEW YORK COMMODITY MARKET

Barber Asphalt Co.

111

Paramount Pictures

Bombay

HAIPHONG

NEW YORK.

TIENTSIN

TONGZAM

(Bhuket)

TOLNOTAC

TOKOKAKO

Kuala

Francisco

Barnsdall 01 .....

Pennsylvania RR

237

Calcutta

Lumpur Shanghai

"HAMBURG BANKOW

Canton

London

Bendix Aviation

321

Philadelphia Read, Coal

Chefoo

Bethlehem Steel

Lyons

81+

Phillips Petroleum-

Colombo

Malacca

Singapore Boarabays Sungai

Bliss & Co.

Public Service of NJ.

341

Dairen

Manila

Boeing Airplane Co,

162

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

241

Foochow Muar

Swatow

Borg-Warner

187

Pure O.....

Brigga Mfg.

221

Radio Corpn, of Am.

Bankow

Mukden

Tokyo

Budi M'facturing Corp.,

Reading Company,

Com

15}

Harbin

Canadian Pacific R'way.

Remington Arias Co., Inc.-

Iloilo.

Case, 5.1

571

Republic Aviation Corp.

[pob

Celanese

291

Republic Steel

18+

CURRENT

(REUTER'S SERVICE)

9.57

Chesapeake & Ohio

409

Revere Corp.

Chrysler Corpo

802

Reynold Tobag. "B"

342

58⭑ 577 58 10.85 10.87

9.54 N 9.55/55

Opening

Change

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

Safeway Stores

421

311

Schenley Distillers

101

Sears, Roebuck -

261

Shell Union O

』』་་་

Socony-Vacunum Off

Southern Pacific

171

Southern Rly $5 pid.

9.50 N...

March

9:50/51

May

5-15/32

July Spot

9.34/34 ...... 9.13 N 9.89 N

9.55/56 9.55/55 9.48b/518 9.50/50 8.34/34 -# 9.34/34 9.12/12 9.13/13

9.710

9.56/56

.02 up

Copperweld Steel

21:

9.55/55

unch.

Curtise Wright (C)

9.50n

זי

Curtiss Wright A

271

9.49/49

.02 off

Deere & Co.

..23

unch.

Distillers Corpn. Seagrams 17

Spicer Manufacturing Co. 38 Standard Brands....... 61 Stand Gas & Elec..... 11 Standard Oil of California 17 Standard Oll of NJ........

مان

337"

Douglas Aircraft

Stone Webster

.02 up

Du Pont de Nemours

178

Studebaker Com

Eagle Picher Lead

Swift International

17:

Baton Mfg. Co...

348

Technicolor

Elec. Autolite

371

January

19.28a

19.58/56 19.56/66 19.52b 19.50b unquoted 19.47b 19.39b/40a 19.42b/4Ba.19.37b 19.28b

.04 of

Texas Corpn.

361

Elec Bond & Share

.03 off

Texes Gulf Bulphur

Elec. Bond & Share $5 pf.

843

.02 off

Timken-Axle ....

Elec. Bond & Share $8 pr.

19.30/30

.02 up

Trans-America 'Co.

Hong Kong, 25th Feb., 1939.

Total sales: 380 tons CHICAGO WHEAT

Elec. Power & Light $7 pf. Finkote

38"

20th Cent. Fox.

18:

Union Bag & Paper Corp.

121

Gen. American Trans.

Union Carbide & Carbon

75%

December

May

821/821

821/82 821/82 -82/817

"Gen. Electric

357

812/82 81/811

off

Union Pacific

Gen. Motors

off

United Aircraft.

Gen. Raliway Signal

16.

United Airlines Trans

171

Gen. Tire & Rubber

121*

United Corpn.

Glidden Co.

FUnited Corp. $3 cum pt.

351

December May

continued Cape and October

581/58 571/577 5816

591/591

58a 591/591

unch.

Goodrich (BF)

124

United Gas Corp...... 11

❘ off

Goodrich $5 p1..

561

United Gas Improvement : 113

Goodyear Tire & Co..

161

|U.S., Industrual Alcohol.

234

Great Northern Iron Ore

184

U.S. Rubber

211

71b

70b

70/704

† of

Great Northern Rly, pfd.

29:

U.S. Rubber $8 pfd.

Great Western Bugar "...en

101

U.S. Smelting

.642

Interest Bates on Application.

Greyhound Coron,

111

10.75b 10.73/73

10.76/76 10.80/76

US. Steel

601

10.80b/81a 10.70/70

.06 up 03 off

SAFE DEPOSIT BOXES-

Hercules Powder Co,

791

Vanadium

33+

Homestake Mining

Vultee Aircraft

Haiphong

Bankow

Konohata

Kose:

Int Nickel.

27#

Walworth Co.

+4%

34-3/4 4.03-1/2

Inter. Paper & Power

Warner Bros. Pict."

Int. Tel. Tel:

21*

Westinghouse Elec,

1091

Kentecott Coper Lakey Foundry & Mac. ..... Libbey-Owens-Ford Glass 441 Lockheed Aircraft

311

Woodward. Iron Cor. Chase National Bank National City Bank

282

291

201 #

Spot

Oct.

Nov,

Spot

Oct.

Nov.

Opening Closing 0/3-17/32 0/3-17/32 0/3-17/32 0/3-17/32 0/8-33/64 0/3-33/64 U.S. Dollars

$5-17/32 $5-1/2 5-17/32 *6-1/2 5-1/2 Market: Sterling Quiet. US Dollars inclined to be easy.

Calcutta Exchange.

Calcutta, Oct. 2 (Reuter), T.T. on Japan, 81-1/4

LONDON STOCK EXCHANGE

LONDON, Oct. 3 (Reuter)

New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec.

| Chicago Corn, Dec.

New York Hides, Dec,

NEW YORK COTTON

Oct. (New contract) December January C

Prev. Today's 9.63 9.55 9.55 unch. 19.50 19.46 19.56 19.52b .04 off

821 811 821 ·811

Total sales Tuesday:-53,200 tales. NEW YORK RUBBER

December

March May

On the London Stock Exchange Tuesday's sales:-14,991,000 bushels.

yesterday, small but decided im- CHICAGO CORN

provement in business was noted

In several groups, among which Kafirs were the most prominent, with Far Western issues sharply WINNIPEG WHEAT

higher on

local support

NEW YORK HIDES Industrials also attracted more buyers while gilt-edged securities December

March

were quietly steady. Others mostly tended to advance.

Wall Street was firmer.

SILVER MARKET

LONDON SILVER

London, Oct. 2 (Reuter). Silver Little speculative forward buying. Market steady. In the afternoon, the market was quietly! steady.

Spot, 23-7/18d. Forward, 23-3/16d.

Total sales for the day:118 contracts. NY-Official Silver 34-9/4 NY-London. Cross Rate 4.03-3/4

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, Oct. 2. The following quotations are the middle prices at the close of the market. In London. All quotations

of 582 unch.

10.75b 10.306 .05 un

Closing.

LONDON - GOLD

London, Oct. 2 (Reuter). Bar Gold, Fine per oz., 163/-

Tientain-Pukow Rly.5%

(Brit. Stpd, Supl Loan) 8 Tientsin-Pukow Rly. 5% are subject to confirmation and no Jap. 8% Ster. Loan, 1924 (Ger. Stpd., Supl, Loan;, ability is assumed for errors Ger, 7% Intl. Loan, 1924 64

In transmission......

RESERVE BANK OF INDIA STATEMENT

Calcutta, Oct. 2 (Reuter),

Sept. 20 Sept. 27 War Loan. 31% (Red,

after 1962) Canton-Kloon Rly. 6% 6. Chinese 41% Gold Loan

1898 (Brit. Issue) Chinese 8% Gold Bonda

1925-47

Notes in circulation (including Notes held in the Bank- ing Department)... 25,836 25,815 Rupee Coin and Bul-

lion in India.

3,283 3,282 Gold Coin and Bul-

lion in India,

4.441 4.441

4,981 4,081

13,150 13,150

Becurities (Indian

Government) Securities {{Brittah"

Clovernment).

LONDON METALS

Tin

EXCHANGE

London, Oct. 2 (Reuter).

Staridard, Cash, Middle

Price, £255-1/2/

Tin, Standard, 3 months. Middle Price £259-1/4

Chin. 41% Anglo-French

Loan, 1908 Chinese 5% Crisp Loan.

1912 Chinese 5% Reorg. Loan,

1913 ILdn. Is.) Chinese 8% Ster. Notes.

1925 (Vickers) Chin. Imperial Rly, 5%

Loan Honan Rly, 5% Hukuang Rly 5%, 1911..

(LP. N/Y Issue) Hukuang Rly 6%, 1811

German Issue

Lung Tsing & U. Hai

Ely, 6% 1913 ...

Market very dull in spite of fur. ther United States overnight pur- S'hai-N'King Rly 5% chases of near options and afloats, Tientsin-Pukow Rly 5% United States. September, de- (Brit. Stod.)

Ilvertes, which exceeded. 11,000 | Tientsin-Pukow Rly 5% tons, are considered satisfactory. German Bhud) in

Chartered Bank

£ HK. & 8'hai Bank do

Reg.) 101-9/16 HK. & S'haf Bank (Col

|_ Fleg)

Chinese Dng, Mining

ཆ་འ

851

..1940

DOW JONES AVERAGE

High Low Dow Jones Averages 152.80 111.84 3 Industrials

Rails

Oct.1. 134.33 29.05 21.83

Oct. 3, 1940. Bigh Low Close 135.41 133.70 134.97 20.42 29.97 28.37 23.1091,88 21.02

Change:

64 up

NEW

32,67 2216: 20

26.43 18.03 20

· 80.8183.08 40

84.07 48.74 11

Utilities

Bonds Commodity Index

90.25

53.35

as up.

09 up

!90.45° .20 up 63.25.10 of

Business Done: 770,000 shares

New York Tsingtao

Reiping Yokohama Penang

www.m

SAVINGS ACCOuma also opened in Local Currency and Sterling with in interest allowed at rates obtainable

on "pplication.

ACCOUNT, opened LOCAL CURRENO and Fixed DEPOSIT received for one year or shorter The Bank's Head Office in London perioda in Local and other Our-fündertakes Executor and Trustes rencies on terms which will be business, and claims recovery of quoted on application.

British Income Tax overpaid, on

ALSO up to date Sare DEPOSIT terms which may be ascertained as Boxis in various sizes To Lar.

any of the Agencies and Branches. Hong Kong. 28th February, 1940.

RA CAMIDGE,

Manager.

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

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAI

HEAD OFFICE:

18, PINE START,

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

This Bank is entirely owned by

THI

CHABE NATIONAL BAKN - NEW YORK, with Besources of

£8.$3,900,000,000,

D. M. BIGGAB;

Second Fion Pret

WANT ADS

INDO-CHINA

BANK OF EAST ASIA, LIMITED

Authorised Capital........$10,000,000,00 Paid-Up Capital 5,608,600,0g/ Reserve and Undivided

Profits..... 2, 3, 281.3

Head Office:-HONG KONG No. 10 Des Voeux Road, Central:- Board of Directors: SIE SHOPSON CROW, Chairman Li Koon Chan, Esq. LI LAO Sang, Baq...” P. K. Kwak. Bag, Wong Chu Bon, Miq. Wong Tan Tang, Esq. Kan Ying Pa, ag Chan Ching anak, E, Fong Flag Wah lag KAN TONG Po, Esq., Chief Kanager

Ten Fone, Esa, Manager

Amor

Branches and Agencies::-

Kaloos Pepsor

Batavia Mentor

Blocbay Catanza

Malboste

Ranroos Bosurabaya Balgaz

Dan Fres- ¡Sydney

New York Beatie Parts Damacang

•Shangbel

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

Currency and Fixed Deposits-re

Current Accounts opened in Local ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will

quoted on application.

SAFE LEPOSIT Bors To L

KAN TONG PO,

Chief Manager:

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE PAID UP CAPITAL $40,000,000,00

STEAM NAVIGATION COMPANY LTD (BRANCHES ALL OVER ORA)

Operating Services for Cargo and Passengers

(beareroens

Chosen Corporation

Pekin Byndicate....

S'hat Elec Constr. Co.

Bhal Waterworks "A" Union Insurance

SWATOW, SHANGHAI, TSINGTAU, CHEVOO

Gula Kalumpang Rubber. 13/9

B-A, Tob. (bearer)

70/41

Mercantile Bank

Dunlop Rubber

28/8

9/3

Imperial Chemical Ind. 28/9 United Steel

Woolworths

Marsman Investments

8/9

Western Holdingi

·ទវុទ

Bab-Nigel

and cargo aro landed

-180-

Chell Trans & Trad

bearery!

1014

plenad apply to

Bristol Aeroplane

Nat Defence Bonds, 3% London-Midlands-Scot- #tish, 3%

Great Western Rail

Nat Bank of India 39

and TIENTSIN

KOBE and OSAKA

SINGAPORE PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside

the Roosevelt Terminal in the French Concession at

Shanghai, where passenger

For further particular

TELEPHONE KOBIL

RAL MANAGERS

Owing to our numerous Branches in China and connections in the principal Commercial Centr the World, we are able

so our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI

Hong Kong Branch: QUEEN'S ROAD C

Beads South Okima Offions:

CANTONKONGMOON

SWATOW SHLUCHOW

STOISHAN

KINGCHOW We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad's

1940-10-04 — Page 10

Comments

Private Research Note