1940-10-07 — Page 10

-Adams” Express

415

COMMODITY MARKET

REVIEW

Alleghany Steel Co.

Allis Chalmers

52 3/4

(FROM PAYNE & CO)

Zuminium Ltd,

Amer. Can

NEW YORK, Oct. 5.,1940

108

American Cyanamid B.

ค

SINGAPORE RUBBER

82 1/2

On New York:-" "

SPOT guaran JAN.-MAR

Previous October 5.

Close Opening Closing Buyers Buyers" 37-1/4 37-1/4 37-3/8 -35-1/4 35-1/4 35-3/8 33-1/4 33-3/4 33-7/8

Amer. & Foreign Fower

Change

up 1/8

Amer& Foreign $7 pf.

Amer. Locomotive .....

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

Amer. Radiator.

Amer. Rolling Mill

On Batavia:-

On demand

42.3/4,

The market was Armn.

LONDON RUBBER

Amer. Sting and Ring Co.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

· MONEY AND

·EXCHANGE

CLOSING QUOTATIONS

COTOBER 5 1940

„On London:-

Telegraphic Transfer. 1/8 7/8 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 demand

On India:-

Telegraphic

Transfer. 182

and demand .....

Bank Bills, on demand sa 7/8

Credits, 60 days' sight 93 3/4" | APR. -JUNE

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE)

OCTOBER 6 1940

MONDAY, OCTOBER 7:1940:

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital................. $80,000,000

INDIA, AUSTRALIA AND CHINA

Issued. & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 1800

Beserve Funds:

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

Sterling

„£3,000,000

£3,000,000

prietors...

...£3,000,000

READ OFFICE: LONDON:

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

Proprietors

Chairman.

38, Bishopsgate E.0.3. Sub-Agencies In London: 117/129, Leadenhall Street, EQ

West End Branch: 14/16, Cookspar Street, S.W1 Manchester Branch:

59, Mosley Street, Manchester, 9.

AGENCIES AND BRANCHES:

HARDIN EWANG HONG KONG BLEGOON

BANGKOK

Last Sale¡

STOCKS

Lait Sale

Oct. 5

Oct. 5

$20,000,000

51

Loew's Inc.

261

Head Office-HONG KONG

221

Loft Incorperated

201

35

Mack Truck' Inc.

251

£21"

| Martin. Glen L

32

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

097*

McKesson & Robbins, pid. 281

36

Montgomery Ward

42+

M'taln City Copper Co.

31

Hon. Mr. J. J. Paterson,

Deputy Chairman.

16

National Aviation

.11

J. K. Bousfeld, Esq.,

16.

Nat Dairy Products

131

A. H. Compton, Esq...

181.

National Distillers

221

Hon. Mr. 8. H. Dodwell,

71

National Lead

184

G. Miskin, Esq.,

ALOR STAR AMRITSAR

121

Nat, Power & Light

K. S. Morrison, Esq.;

+37

National Supply Corp.

01

Hon. Mr. T. E. Peares,

BATAVIA

On Paris:

buyers

Previous close Today's close ···

buyers

Amer, Sugar Refining

132

New York Central

15

C. C. Boberts, Esq..

BOMBAY

Bank Bills, on demand 1095

SFOT

11-13/16

Change Market closed.

Amer. Tel, & Tel

1631

Credits 4 months' sight 1150

Amer. »Tobacco "B" Amer. Waterworks

78

"81

Niagara Hudson Power N. American Aviation North American Co..

4

Hon. Mr. A. L Shield,

174

10

NOVEMBER

11-7/8

Anaconda Copper

227

Northern Pacife

..71

On Saigon ---

On demand....

On Manila:---

On demand

On Bangkok:---

On Sterling Notes:

DECEMBER

11-7/8

Branches:

90 1/2

| JAN,-MAR.

11-13/16

APRIL-JUNE

11-13/16

Market closed.

Atchison, T. & 8, Fe.. Aviation Corp.

17

Owens-Illinois Glass Co.

56*

44

Pacific Gas & Mec

333

Amoy

Johore

45 3/4

7

$3 7/16

"

New York Rubber, Dec. Chicago Wheat, Dec.

... On demand

Bank Buying Rate

Bar Bliver per cz.

Market Report

FROM ROZA BROS,

The price for Ready Silver was unchanged at 23.7/16 but the Forward rate droped 1/16 to 23. 5/18. Sliver advices reported the market as being steady but quiet. A - small business Was done. American Sliver was quoted at 34.3/4 for Bpot.

11

NEW YORK COTTON: The market is reflecting the continuous

trade buying and the scarcity of offerings.

NEW YORK RUBBER: There was some short covering and trade buying an apprehension over the possibility ot. shipping com- plications

#

CHICAGO WHEAT: The strength of cash markets and of near by Chicago futures reflects increased diversion into the loan. A leading grain expert favours trading December option betweent 87 and 80 cents.

NEW YORK STOCK; Previous close, 133.79 Today's close, 133.90;

Change, up 11"

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

The London/New York "cross- rate was quoted at 4021/2. New New York Cotton, Dec. York/London was quoted at 404.

Baldwin Lecometive Baltimore & Ohio Barber Asphalt Co. Barnsdall On

167

Packard. Motors

34

Bangkok

Kobe

44

Pan-American Airways

167

Batavia

Kowloon SAD

104

Paramount Pictures

71

Bombay

Kuala

Calcutta

8

Pennsylvania R.R.

227

Lumpur Shanghai

Canton

London

Singapore

Bendix Aviation Bethlehem Steel

317

Philadelphia Read, Coal

01*

Übefoo

Lyons Sourabaya

814

Phillips Petroleum "

36

Colomba

Malacca

Sungei

Bliss & Co.

1:14

Pubile Service of NJ,

338

Dairen

Manila

Patani

Boeing Airplane Co.

16

Pullman Inc.

243

Foochow

Most

Swatow

Borg-Warner

181

Pure Ou

Haiphong (Jobore) Tiantain

Briggs Mfg.

32

Radio Corpn. of Am.

5

Bankow

Mukden

Tokyo

Budd M'facturing Corp.

44

Reading Company,

Com

15

Harbin

New York

Tsingtao

Iloilo

Paiping

Yokobams

Canadian. Pacific R'way

31

Remington Arms Co., Inc.

54*

Ipob

Penang

Case, SI.........

561"

|Republic Aviation Cörp.

57

Celanese

29

Republic Steel

181.

Chesapeake & Ohio

41

Revere Corp. .....

115

Chrysler Corpn.

791

Reynold Tobac. "B"

35

Columbia Gas & Elec.

*57

Safeway Stores

42)

Commercial Credit Co.

31

Schenley Distillers

10

9.04 9.58 19.73 .19.70 821 811

Quiet,

MARKET

STEKLING

Chicago Corn, Dec. New York Hides. Dec.

581 571 10.80

811 571

581

Prev. Today's

9.59

9.52 .03 up 19.58b 19.856 07 up 821 11 up up

Com, & Southern (Ord.)

11

Sears Roebuck

812

Consolidated Edison

201

Shell Unton Oll..

BI*

Consolidated'Oli

6

Socopy-Vacunum Ou

8+

Continental Can Continental Oli

*397*

Southern Pacific

91.

171

Southern Rly $5 pid.

221

10.67 16.72 10.79

.07 - up

Copperweld Steel

20

Spicer Manufacturing Co. 352

Curtiss Wright (C)

74

Standard Brands

May

Мау

London

New York

Japan

India

There were sellers at 1/231/32 NEW YORK COTTON up to December, buyers at 1/3 för ] Oct. (New contract) ... any delivery.

December ( } January

'U. S DOLLARS Business was done during the March course of the morning at 23.1/8 for | May cash and also 23.3/18 December. July The market closed with small Spot sellers at 23.3/16 for near, buyers at 23.1/4 for Cash.

SHANGHAI DOLLARS Opened with sellers at 421 with business done at 421.1/4. Sub- sequently the rate dropped to 418 with business done at 4131/2. The market closed with sellers at 471 for Spok

SHANGHAI, MARKET Opened with sellers at 3.8/16 and closed with sellers at 3.37/04 for Spot. U. 8. Dollars opened

Total sales Friday: 68,700 bales.

NEW YORK RUBDER

December January March

May

Friday's sales:-7,588,000 bushels.

with sellers at 5.17/32 and closed CHICAGO CORN

at 59/16 tor Spot."

Shanghai Exchange

Omolal T.T. Rates

Shanghal, Oct. 25 (Reuter).

Opening December

0/3-7/16 March

5-1/4

Total sales for the day:-62 contracts.

.Close

Opening

Closing

Change

Curtles Wright" “A*

274*

Stand Gas & Elec......

11

9.61 761

9.8/60

9.64/64

.03 up

Deere & Co. .....

175*

Standard Of of California

17

9.59/60

9.59/59

9.62/63

.03 up

Distillers Corpn. Beagmms

10j

Standard Ol of N.J.

33€

"

(in) (*)

{

9.60/80

9.58a

9.61x

01 up

Douglas Aircraft

787

Stone & Webster

8+

9.58 N

9.58/50

9.61/61

.03 up

Du Pont de Nemoura

1771

Studebaker Com

8

9.44/44

9.43/43

9.49/49

.as up

Eagle Picher Lead

**

Swift International

174"

0.23/24

9.22/22 -

9.74 N

9.28/28 9.75a

.05 up

Eaton Mig. Co.....

332

Technicolor

91

.01 up

Elec. Autolite

381

Texas Corpn.

35

Elec. Bond & Share

51

Texes Gulf Sulphur

331*

Elec. Bond & Share $5 pf.

85

Timken-Axte

281

Elec. Bond & Share $6/pf.

731

„Trans-America Co.

#

19.58b 19.50b

19.35b/38a 19.25b

Total sales:-50 tons.

CHICAGO WHEAT December

19.82b/71a 19.65b unquoted 19.60b 19.40b/54a 19.50a -19.20b/40a 19.38/38

.07 up

10 ap

Elec. Power & Light $7 pf... 38 Fiinton

20th Cent. Fox.

.57

172

Unton Bag & Paper Corp. 12

.14 ap

Gen. American Trans.

491

Union Carbide & Carbon 75%

.13 up

Gen. Electric

35

Union Pacific.

841*

Gen. Motors

493

United Aircraft

401

Gen. Railway Signal

16)*

United Airlines Trans

18

Gen... Tire & Rubber

11*

United Carpn

81/811 812/81

802/802 803/802

821/82. 811/817

14 up

Glidden Co.

142

United Corp. $3 cum pf. 351

Goodrich (B.F.)

121

United Gas Corpn.

.1+

up

Goodrich $5 pr.

561"

United Gas Improvement

11

"Goodyear Tire & Co.

153

US.. Industrual Alcohol.

22

Great Northern Iron Ore ..

151

U.S. Rubber.

201

FJ

Great Northern Rly, pfd,

281

U.S.' Rubber $8 pid,

764

December

WINNIPEG

WHEAT

Cctober

573/571 591a

70+b

577/571

581/581

Interest Rates on Application.

ap

Great Western Sugar

194

U.S. Smelting

32*

Sir Vandeleur M. Grayburn,

Chief Manager... FAILI PAC

CANTON CAWNPOLI CUBU COLOMBO

Rangoon Saigon • DILH1

Francisco

KAIPHONG HAMBURG. BANKOW

MEIS NEW YORK PRIPING

(Peking)

"TAIPING

TIENPAIN

TONGKAN

(Bhuket) TINGTAO

YOKOHAM

FOREIGN EXCHANGE and General Banking Business transituted.

OPERENT Accourts opened and FIXED DEPOSIT received for Ope Year or shorter periods in Losal or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with

on application.

CURRENT Accounts opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED Doar received for one year of shorter periods in Local and other Car rencies on terms which will be quoted on application.

Also up to date SAT DEPOSIT Buxas in various sizes To Let 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 & SEANGKAT BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1939.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAJ

HEAD OFFICE:

18, PINE STREET,

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

The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained as any of the Agencies and Branches.

B. A. CAMIDGE,

Manager.

BANK OF EAST ASIA, LIMITED

5,599,000.00

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

Profite

2,183,261.50

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

Board of Directora:

SIE SHOVAON Cяow, Chairman Li Koon Chan, Esq. Li Lan Sany, Eag P. K. Kwok, Esq., Wong Chu Son, Esq. Wong Tun Tong, Esq. Kan Ying Po, Leg. Chan Ching Shak, Esq. - Fung Ping Wah Esq. Kay Tone Po, Esq., Chief Manager. LI TRE FORG, Esq., Manager

Branches and Agencies:-

Booom! Pas

Slagspors Rangoon Bowers.baya Saigon

ILOILO IPOH

SAIGON..

SEREMBAN

DALOUTTA

KARACHI KLANG AQINCIES: OBT

BHANGHAI

SINGAPORE

SITIAWAN

ÖLME STREET

XUALA

„SOUHAREYA

J

LUMYUS ETCHING

· MADRAS

* MANILA

| Amgy

Batavia

¡Loudon

Bombay

Manlis

2

Malbourne

591/591

591/59%

#up

Bax Fran- Bydney

Greyhound Corpn.

111

US. Steel

594

--SAFE·· DEPOSIT BOXES

Hercules Powder. Co.

81.

Vanadium

321

"'T.

70%/701

702/703

da F-

Homestake Mining

481

Vultee Aircraft

ga

NEW YORK HIDES

Int' Nickel

277

Walworth "Co.

41

10.72/72 10.55b

10.55b/70a 10.53/53

10.79/79 - 10.78/78

.07 up

Inter, Paper & Power

141

Warner Bros. Pict.

2+

.23 up

Int. Tel. & Tel

2.

Westinghouse Elec,

1081

Kermecatt Copper

30

Woodward Iron Cor

301

Lakey Foundry

MSC.

4*

22-1/4

Hongkong

Spot

Oct:

Sellers

19 N 22-3/4

Opening Closing

·0/3-9/16 0/3-37/64

9/3-9/18 0/3-37/64

• Nov. ̄...... 0/8-35/64 0/3-9/16

NY-Official Silver

34-3/4

NY-London Cross Rate 4.04

unquoted. 4.03-3/4

Libbey-Owens-Ford Glass 433

Chase National Bank National City Bank

203* 241*

Lockheed Aircraft

291

Sterling

5-17/32

U.S. Dollars

Spot

$5-17/32

35-17/32

Oct......

5-1/2

Ready

Oct. 23 Bettlement

Chartered Bank

61

&

f

War Loan, 31% (Red,

after 1952) Canton-Kloon Bly. 5% "Uhinese 41% Gold Loan

1898 (Brit. Isane) 30 Chinese 6% Gold Bonda,

1925-47... Chin. 41% Anglo-French

Lean, 1900 Chinese 5% Crisp Loan.

1912. Chinese 5% Reorg Loan,

1913 (Ldn. Is)

HK. & Shai Bank (Lda.

Reg)...

101

8

Chosen Corporation

35

Pekin Byndicate

B'hal Elec. Constr. Co.

15

44

Bhal Waterworks "A"

137

TO-

Union Ensurance

20

12

Gula Kalumpong Rubber

13/0

B-A, Tob. (bearer)

81/3

18.

Mercantile Bank

101

Chinese 8% Ster. Notes,

Dunlop Rubber

29/3

62-14

1925 (Vickers) ‚·

Bristol Aeroplane

9/3

62-15

Chin. Imperial Rig. 5%

Impérial Chemical Ind. 27/3

83-00

Nov, 26 Settlement

LONDON METALS

EXCHANGE

London, Oct. 4 (Reuter); Fin Standard, Cash, Middle Price: £255-7/8

Tin, Standard, 3 months. Middle Price £260-1/8 PV

United Kingdom consumer de- mand continues but United States demand quiet.

German Lane) Lung Tsing & U. Hải .........

RIF. 6% 1913 8'hai-N'King Rły: 5%- Tientsin-Pukow Bly, 65%

(Brit. Stpd.) Tientsin-Pukow Bly, 5%

(German Stpd.)

Loan....

41

United Steel

17/3

Honan Rly, 5%

10

Woolworths

58

Hukuang Rig 5%. 1911...

"Maraman. Investments

8/9

(LP. N/Y Issue)

12.

Western Holdings

10

Hukuang Rly. -5%, 1911

Sub-Nigel ..

160

10

thell Trans.

Trad.

For further particulars

(beater) (Appenau

36

please apply talen

8

Nat Defence Bonds, 3%

1014

London-Midlands-col-

Msh 8%

114

Great Western Rall-

way, 8%

28+

Nat Bank of India; 3

(241

5-17/32 Nov,

-5-1/2 Market: Quiet but steady.

Calcutta Exchange

Calcutta, Oct. 25 (Reuter), T.T. on Japan, 81-1/4.

India Rupee Paper

Bombay, Oct. 25. (Reuter). Govt. 34% Rupee, 91-02-0.

SILVER MARKET

HOMBAY BILYER A Bombay, Oct. 25 (Reuter).

Market-Quiet Offtake 26 bars.

Indian Mint - Silver ́ ́:

LONDON STOCK EXCHANGE

(REUTER'S SERVICE) .

London, Det. 4. Tientsin-Pukow Bly, 5%

(Brit. Atpd. Supl. Loan) 8 Tientsin-Pakow Bly, 5%

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

are subject to confirmation and no Jap. 6% Ster. Loan, 1924

| responsibility is assumed for errors Ger, 7% Intl. Loan, 1924 51

In transmission.

HK. & Shai Bank (Col. “

Reg)

Chinese Eng & Mining.

(bearer,

28.44 18.03 20 Utilities

DOW JONES AVERAGE

3040

High Low Dow Jones Averages 159.80 111.84 30...... Industrials

82.67 92.15 20

Oct. 4, 133.79

Raila

29.17

.03 up

91.93

.00 op

**80,811483.08 40. Bonds

90.56

(der. Stpd. Supl. Loans g

607 49 47 11 Commodity Index

63.16

90.43 ,13 up 53.7963 ap

Business Done~200,000 shares

21

Oct. 6. 1940. High Low Close 133.98 133.61 133.90 29.21 29.10. 22.20 37.01 21,89 2109

Change

.11 up

This Bank is entirely owned by

THE CHASE, NATIONAL "BANK NEW YORK, with sources of or U.S.$2,900,000,000. || |

D. M. BIGGAR,

3.cond Fica Pru

A Job?

WANT ADS

INDO-CHINA

Shanghal.

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

Current Accounts opened in Local Currency and Fixed Depozite re- caived for one year or shorter periods in Local and Foreign Cnr rencies

terms which will be

on

quoted on application.

SAFE

TOBIT BOXES TO LEs.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

BANK

STEAM NAVIGATION COMPANY LTD PAID UP CAPITAL 40,000,000.00

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers borth Blangelde the Roosevelt Terminal in the French Concession, at

Shanghai, where passengers

and cargo are landed.

JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL- GENERAL

NAGERS

(BRANCHES ALL OVER CHINA) | Owing to our numerous Branches in China and connections in the principal Commercial Centren 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, 0. South China Offees

CANTON

SWATOW SHIUCHOW

KONGMOON TOISHAN KINGOHOW

We also handle the issue of Bonds and other Public Fund off the Uhinese Governmmit both at Home and Abroad.

SHOU JCHEN,

Manager.

Haiphong Bankow Boudist Kobe

New York

Beattie

2013.00

Palpion