1940-10-09 — Page 10

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STOCKS

Adams Express

385

Alleghany Steel Co.

Allis Chalmers

52.3/4

Aluminium Ltd.

On Japan:-

Amer. Can....

October 7

On demand

105

American Cyanamid B.

Close Opening Closing Change

Jn India:—

Amer. & Foreign Power

37-3/8

35-3/8

Buyers Buyers

37-1/2 35-3/8

37-5/8 35-5/8

up 1/4

and demand...69 1/2 On New York:-

Amer & Foreign $7 pt.

Amer, Locomotive

33-7/8 33-7/8 ·34-1/8

Amer, Metals Co. Amer. Radiator

Amer. Rolling Mill

Amer. S'uing and Ring Co.

Previous close Today's close.

Amer, Sugar Retning

buyers

Change

Amer. Tel, & TAL

S.POT

NOVEMBER

DECEMBER

JAN.-MAR

1-13/16

11-7/8

up 1/18

11-7/8

11-7/3

unch.

Amer. Tobacco "B" Amer. Waterworks Anaconda Copper

11-13/16

· 11-7/8

9.64

9,80 19.80 19.70

831821

582 554

.. 582

10.82 10.69

Opening

0.64/84

9.62/62

9.62/63

9.50/60

APRIL-JUNE

11-11/16 .. 11-13/16

Market very steady with covering demand but sellers reserved. NEW YORK COTTON: The market continues to reflect a downward' revision of the crop estimate and moderate mill fixations. There was some hedging, but it was insufficient to influence the mar- ket. Leading Trade sources believe that a large volume of cotton

is still entering into the Loan.

CHICAGO WHEAT: The advance met with profit-taking' and mode-

On demand

In Bangkok:-

On demand

On Sterling Notes:-

Bank Buying Rate sar Silver per oz.

rate hedging against loan repossessions, but there was no sell-Shanghai Exchange

ing pressure.

NEW YORK STOCKS: Previous close, 133.90; Today's close, 133.51;

Change of 39.

NEW

YORK COMMODITY MARKET

(REUTER'S SERVICE).

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 (

Official T.T, Rates

up 1/16 up 1/8

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

NEW YORK, October 7, 1940.

SINGAPORE RUBBER

SPOT

JAN.-MAR.

APR.-JUNE

The market was steady but quiet. LONDON RUBBER

MONEY AND

EXCHANGE · CLOSING QUOTATIONS

OCTOBER 8, 1940.

On London:-

Telegraphic

Transfer/197/5

Bank Bills, on demand 1/9 7/8 Credits 4 months' sight 1/3 1/

On Shanghai:—

On demand

Da Singapore:-

On demand

Telegraphic Transfer.

Bank Bills, on demand 22 7/8 Credits, 60 days' sight 23 3/4 Ja Batavia:-

On demand... 42 9/4 On Paris:-

Bank Bills, on demand 1085 Credits 4 months' sight 1100

On Saigon:-

NEW YORK STOCK EXCHANGE

-QUOTATION-

(REUTER'S SERVICE)

OCTOBER 8, 1940.

National Lead

WEDNESDAY, OCTOBER 9, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital....... $50,000,000 Issued & Fully Paid-Up 820,000,000

Reserte Funda:

Reserve Liability of

Proprietors

INDIA, AUSTRALIA

AND CHINA

corporated by Royal Charter, 1850 Paid-Up Capital £8,500,000 Reserve Fund.

....£3,000,000

.....£$,000,000.

.£3,000,000

10,000,000 Reserve Liability of Pro-

prietors

Chairman.

Hon. Mr. T. E, Pearer,

BEAD, OFFICE: LONDON:

39, Bishopsgate E.0.2. Sab-Agencies In London: 17/129, Leadenhall" Street, E.C.S West End Branch: 14/18, Cookspur Street, S.WI Manchester. Branch:

32, Mosley Street, Manchester, L

AGENCIES AND BRANCHES.

ALOR STAR AMRITHAR BANGKOK MATAVIA BOMHAY

HARBIN PENANG HUNG TONH

BANGUON

Sterling

H.K. Currency Reserve

Last Sale

STOCKS

Last Sale

Oct. 7

$90,000,000

Oct. 7.

.54

Loew's Inc.

261

Head Ofce:-HONG KONG

228

Lott Incorperated

201

341

Mack Truck Inc.

251

823

Martin, Glen L

311

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

091

McKesson & Robbins, pld. 271

351

Montgomery Ward

414

M'tain City Copper Co.

Hon. Mr. J. J. Paterson,

Deputy Chairman,

16"

National Aviation

101

J. K. Bousfield, Esq.,

153

Nat. Dairy Products

138

A. H. Compton, Esq.,"

168

National Distillers

..22

Hon. Mr. S. H. Dodwell,

71 #

181

G. Miskin, Esq.,

121

Nat, Fower & Light

K. S. Morrison, Esq.,

National Supply Corp.

New York Cental

141

C. C. Roberts, Esq.,"

ILOILO IFOR KARACHI

BAIGON

BERAMYAN

BHANGHAI

163! так

Niagara. Hudson Power

Hon. Mr. A, L Shield,

CALCUTTA

KLANO

SINGAPOR

N. American Aviation

171

Sir Vandeleur M. Grayburn,

AGENCIES: KOBE

SITIAWAN

CLAVE STREET

North American Co.

181

Chief Manager. FAILLIA PLACE

KUALA

SOURABAYA

234

Northern" Pacific

On demand

99·1/2

Atchison, T. & 3 Fe

Owens-Illinois' Glass Co. ...

584

On Manila:-

Aviation Corp.

4골

Pacific Gas & Bec

291

Amoy

Branches: Johore Rongood

45 3/1

Baldwin Lecometive

104

Packard Motors

Bangkok

Kobe

Saigon

Baltimore & Ohio

Pan-American Airways

Batavia

Kowloon San

Barber Asphalt Co

101.

Paramount Pictures ...

Bombay

Kuala

Francisco

Calcutta

Barnsdall Ol

Pennsylvania RR.

221.

Lumpur Shanghai

Now.

Canton

Londou

Bendix Aviation

318-

Philadelphia Read, Coal

Singapore

Chefoo

23 7/16

Bethlehem Steel

792

Phillips Petroleum

Colombo

Malacca

Biles & Co.

141

Public Service of NJ......

333

Sungei

Dairen

Manila

Boetry Airplane Co.

151

Pullman Ine...................................................

24.

Foochow

Muar

Swatow

Borg-Warner

183

Pure Ou

Briggs Mfg.

221

Radio Corpn. of Am.

Raukow

Mukden Tokyo

Shanghai. Oct. 8 (Reuter).

Budd M'facturing Corp.

Reading Company,

Com

15%

Harbia

Opening

Canadian Pacife R'wa7

Remington Arms Co, Inc.

52.

Boik

Peiping

London

0/3-9/16

Case, I

Republic Aviation Corp., ...

Ipoh

Penang

New York

5-1/3

Celanese

Republic Steel

181

Prev. Today's 9.62 9.61 19.65b 19.70 821 821

Japan India Hongkong

23-3/8

Chesapeake & Ohlo

401

Revere Corp.

19-3/4 N

Chrysler Corpn.

791

Reynold Tobac. "B"

354

23-5/8

Columbia Gas & Elec.

51"

Safeway Stores

42j*

.01 off

Sterling

Commercial Credit Co.

302

Schenley Distillers

*10*

rencies

.05 up

Sellers

Com, & Southern (Ord.).

Sears Roebuck

81;

quoted on application.

off

581

10.79 10.79

A off ,09 off

Spot Oct.

Closing Opening 0/3-47/64 0/3-11/16 0/3-47/64 0/3-11/16

Consolidated Edison

261

Shell Union Oil

81".

Consolidated Oil

Socony-Vacunum Of

Boxes in various sizes To Let Hong Kong. 28th February, 1940.

Continental Can

39+

Southern Pacific

Closing

Change

Nov.

1/3-23/32 0/3-43/64

Continental Of

171

Southern Rly $5 pfd.

211

Lyons Sourabaya

Patani

Haiphong (Johore) Tientsin

New York Tsingtao

Yokobama

NEW YORK PEIFING

(Peking)

TAIPING TIENTSIN TONGKAR

(Bhuket)

THIN GTAŬ

YOKOHAM

FOREIGN EXCHANOR and General Banking Business transacted.

CURRENT ACCOURTS épened and FISED DEFOBITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at rates obtainabla LOBAL CURRENCY and FixD Derostra o spplication received for one year or 'shorter | The Bank's Head Office in London periods in Losal and other Cur undertakes Executor and Trustee terms which will be business, and claims recovery of British Income Tax overpaid, on

ALSO up to date SAFE DEPOSIT terms which may be ascertained at

any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

CANTON CAWNPORN

LEMPUR

KUCKING

CHU

MADRAS

COLOMBO

MANILA

DELHI

MEDAN

HAIPHONG

HAMBURO HANKOW

9.63/63

.01 off

.9.61/81

01 OF

January

March

9.61 N

9.55b/56a 9,60n

.01 off

}

9.61/61

9.59/59

9.60/60

.01 off

May

9.49/49

9.49/49..

9.50/50

.01 off

U.S. Dollars Spot $5-25/32 $5-23732 Oct.

5-25/32 Nov.

5-3/4 Market Uncertain.

Copperweld Steel

191

spicer. Manufacturing Co. 33*-+

Curtiss Wright (C)

-72

Standard Brands

5-23/32

Curtiss Wright "A"

261

Stand Gas & Elec.

1}*

5-11/16

Deere & Co.

Standard Oll of Californis

171

Distillers Corpn. Seagrams

164

Standard Ou of N.J.

33+

Douglas Aircraft

Stone & Webster

9.28/23

9.28/28

9.75 N

9.31/31 9.72n

...03 up

Total sales Baturday:-63,100 bales.

NEW YORK RUBBER

Saturday's sales:-7,494,000 bushels,

unquoted

December

19.65b

19.80/80

January

19.60b

unqucted

· March

19:503

May...

19.38/38

19.56/55 unquoted

10.70/70 19.61b 19.45b 19.33b

..05

Total sales:-170 tons.

CHICAGO WHEAT

December

821/621

May

811/81%

CHICAGO

December

581/58

May

58/581 591/59% 60/80

584/581 591/591

A off off

WINNIPEG WHEAT

October

703/701

700/701

NEW YORK HIDES

December

March

10.79/79 10.80/81 10.70/70 10.78/78 10.82/82 10.86/66

.09 OX .12 off

34-3/4

· 4,04

824/823

821/927.

820/821 811/811

off off

Juty

Spot

CORN

Total sales for the day:-75 contracts.

NY Official Silver

NY-London Cross Rate 4.03-3/4

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, Oct. 7.

The following quotations are the middle prices at the close of the

03 of Calcutta Exchange

Calcutta, Oct. 7 (Reuter). T.T. on Japan. 81-1/4.

01 up India Rupee Paper

05 off :05 off

Bombay, Oct. 7 (Reuter}. Govt. 31% Rupee.. 91-0-0.

LONDON STOCK EXCHANGE

LONDON, Oct, 8 (Reuter)-The Stock Exchange experienced a good day yesterdus.

some

The turnover Wis broadened and prices in most sections moved higheni Industrials especially at-! 1 up tracted attention and

Leaders registered substantial gains. Katfirs enjoyed local sup port and Gilt-edged inet with in- vestment demand..

LONDON METALS

Tin,

EXCHANGE

London, Oct. 7 (Reuter),

Standard, Cash, Middle Price, £256-5/8.

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

British consumers were buying market in London. All quotations steadily but there was no selling are subject to confirmation and no pressure, responsibility is assumed for` errors ¦

transmission.

Wall Street was steady.

SILVER MARKET

LONDON SILVER London, Oct. 7 (Reuter). Silver.-Market very quiet. Busi

ness negligible.

Spot, 23-7/16d... Forward. 23-3/8d.

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

Du Pont de Nemours

176

Studebaker Com

Eagle Picher Lead

Swift International

Eaton Mfg. Co.

332

Technicolor

Elec, Autolite

361

Texas Corpn.

344

Elec Bond & Share

Texes Gulf Sulphur

34.

Elec. Bond & Share $5 p.

Timken-Axle

281

Elec. Bond & Share $5 pt.

73*

Trans-America Co.

Elec. Power & Light $7 pf.

362

20th Cent. Fox.

Flatkote

Union Bag & Paper Corp.

12)

Gen. American Trans.

401

Union Carbide & Carbon

751

Gen. Electric

35A

Union Pacific

Gen. Motors

491.

United Aircraft

394

Gen: Railway Signal

151

United Airlines. Trans

171

Gen. Tire & Rubber

121

United Corpn.'

Glidden.. Co.

United Corpn: $3 cum pt. 351

Goodrich (B.F.)

113

United Gas Corpn..

Goodrich $5 pl. .....

561

United Gas Improvement

111

Goodyear Tire &.Co. .......di

151

0.8. Industrual Alcohol.

221

Great Northern Iron Ore Great Northern Ry, pfd. Great Western Sugar Greyhound Corpn. Hercules Powder Co.

151

U.S. Rubber

193

US. Rubber $8 pfd.

74%

197

US. Smelting

631

Interest Rates on Application.

11!

US. Steel

591

SAFE DEPOSIT BOXES

.80

Vanadium

321

Homestake Mining

46.

Vultee Aircraft

Int. Nickel

Walworth Co.

Inter. Paper & Power Int, Tel, & Tel

144

Warner Bros. Pict. Westinghouse Elec.

107

Kentecott Copper

.30

4* Glass 441 281

Woodward Iron Cor. Chase National Bank National City Bank

291* 244*

HONGKONG SAVINGS

BANK

The Business of the above Bank

is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rales may be obtain ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION,

V. M. GRAYBURN,

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

THE CHASE BANK-

15, QUEEN'S ROAD, CENTRA

HEAD OFFICE:

18, PIN STREET,

NEW YORK. An American Bank offering com

plete Foreign Banking Service in the principal Markets of the world.

This Bank is entirely owned by

Tax CHASK NATIONAL 'BANT NEW YORK, 'with Resources of over

· T. §. $9,900,066,000,

D. M. BIGGAR,

Second Vice Pru

BANK OF EAST ASIA, LIMITED

Authorised Capital. $10,000,000.00 Paid-Up Capital 5,508,800, Or Reserve and Undivided

Profits

w....2,963,261.54

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

Board of Directora:

SIR SHOPSON Oнow, Chairman Li Koos Chao, Esq. El Lea Sang, Esq. P. K. Kwok, Esq. Pong Chs Son, Esq. Wong Yun Tong, ERC, Kan Ying Po, Esq. Chan Ching Shok, Esq. Fang Ping Wah Esq. KAN TONG Po, Esq., Chief Manager LI Tax Foso, Esq., Manager Brancher and Agencies:

Ащо) Bataris

Pan Blagapers Louder Rangoon Bearabay's Manilson Bwatow Melbourne San Fran. Bydney

Tintala

Baganaka

Paris

Polping

Shanghai

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

Current Accounts epened in Local Currency and Fixed Deposits re- ceived for

shorter one year or periods in Local and Toreign Cur

on terms which will be quoted on application.

BATE LEPOSIT Boxes To Ler.

THE MERCANTILE BANKrencies

OF INDIA, LIMITED

Head Office-1, Gracechurch Street,

KAN TONG PO,

Chief Manager.

Bombay

Calcutta

Haiphong

Hankot

Baw York Beattie

Monolala dabe

Hemarang

BANKERS:

The Bank of England and Midland

Bank, Ltd.

Bangkok Bogibay Calcut

BRANCHES:

Kaala Trengg Madran

DOW JONES AVERAGE --

BOMBAY SILVER Bombay, Oct. 7 (Reuter). Market-Quiet. Offtake 50 bars.

1840

High Low Dow Jones Averages 15280 111,84 30 Industrials

Oct. 5,

133.90

Indian Mint Silver

32 67 22.16 20

(Ger. Stpd. SuplyLoan) 8

Ready Oct 23 Settlement Nov. 26 Settlement

62-11

26.45 18.03 90 '90.81 83.06 40

Rails Utilities" Bonds

28.20

21 89

Oct. 8, 1940. High Low Close 13464 133.81 133,51 29.20 28,88 28.01 39.01 21,75 21.89

Change

London, EC3

.39 of

Authorland Capital

43,000,000

.29 off

Eabscribed Captial

Paid-ny Capital ..

21,800,000 21,050,000

.17 off

Eeserve Puad and, Rent

90.43

62-12

64.07 48 47 11 Commodity Index

53.78

90.35 53.87

,08 off Il off

62-13

Business Done:-390,000 shares

War Loan, 34% (Red.

after 1952) Canton-K'loon R. 5% Chinese 41% Gold Loan

| Jap. 6% Ster. Loan, 1924 22 Ger, 7% Intl. Loan, 1924 54

101-15/16 Chartered Bank

K. 8'hai Bank (Ldn -Reg.)

1898 (Brit. Issue) .... 'Chinese 5% Gold Bonds,

1925-47 "...

H.K. & Shai Bank (Col.

Reg) Chinese Eng & Mining

Galle

| Konglong

Howrah

fpok

Jatha

Kuantan

Galomba Delt

Kandy

Kirschl

Kota Bharu..

Shanghai

Kuala Lipis

Stra

Singaporę

Chin. 41% Anglo-French

(bearer) .....

Loan, 1908

Chosen Corporation

Chinese 5% Crisp Loan.

Pekin Byndicate ......

1912

S'hal Elec. Constr. Co.

TỪ

Chinese 5% Reorg, Loan,

1913 (Len. IB.) unuciona

B'hal Waterwôtés “A” Union Insurancê

131 20

Chinese 8% Bter. Notes,

Gula Kalumpong Rubber, 13/0

B.-A. Tob. (bearer) .... 83/14 Mercantile Bank ........... ,109

1925 (Vickers)

Chin. Imperial Rly, 5%

Loan

| Dunlop Rubber

-30/44

fonan Rly, 5%

Bristol Aeroplane

9/3

Hukuang Rly 5%. 1911...

Imperial Chemical, 'Ind. 27/10}

(L.P. N/Y Issue)

United Steel

17/10)

Hukuang Rly. 3%, 1911

Woolworths

58/3

(German Issue)

Marsmal Investments

8/9

Lung Teing & U. Hal

Western Holdings

Sub-Nigel

160

shell Trans. & Trad.

Aly. 5% 1913 S'hai-N'King Rly. 5% Tientan-Fukow Rly. 5%

Brit. Stpd.) Tientsin-Pukow Rly, 5% (German Stpd.)........ Tientsin-Pukow Fly, 5% (Brit Stpd. Bupl. Loan) Tientsin-Bukow Rly, 5%

bearer................... 35/71

Nat Defence Bonda, 3% 1011

| Londen-Midlands-Scol-

tish. 3%

Great Western Rail-

way. 3% Nat, Bank of India. 3%

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating: Bervices for Cargo and Passengera

EWATOW, SHANGHAI, TSINGTAU, CHEFOO

And TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

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

For further particulars

please apply to

New Rock Pemang Rangoon

Kuala Lumpur “HONG KONG BRANCH: Every description of Banking and Exobsere

brainem tranzacted.

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN · CURRENT ACCOUNTS Opened in Local Our ramy and FIXED DEPOSITS reived in Locs Currency & STEELING on terus that may be -ascertained on spy leation, 14:

D. BENSON,

What do

Manager

you want?

If there is anything. you want to buy or sell, try # small Classified advertise-

ment in the Hong- kong Daily Press.

JARDINE MATHESON&Co.,Lrn 25 words $1.50 prepaid TELEPHONE 3O3ILO GENERAL MANAGERS

for 3 insertions.

BANK OF CHINA

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

THE BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres 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 BOAD, C.

South China Offices: "

CANTON

SWATOW SHIUCHOW

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonda and other Public Funds of the Chinees Government both at Home. and Abroad.

1940-10-09 — Page 10

Comments

Private Research Note