1940-10-12 — Page 10

STOCKS

380

On Singapore:-

Adama Erpress Alleghany Steel Co. Allis Chalmers

On demand

52 3/4

Aluminium Ltd. .............

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

PAYNE & CO.

COMMODITY BROKERS

:

STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY

MARKET REVIEW (FROM PAYNE & CO.)

MONEY AND

EXCHANGE

CLOSING-QUOTATIONS

OCTOBER 11,. 1940. |

In London:-

Telegraphic Transfer. 1/9 7/8 Bank Bills, on demand 1/3 7/3 Credits 4 months' sight 1/31/%

In Shanghai:--

On demand

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

OCTOBER 11, 1940,

SATURDAY, OCTOBER 12, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

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

BANKING CORPORATION

INDIA, AUSTRALIA

AND CHINA-

Authorised Capital. $50,000,000 Issued & Fully Paid Up. 890,000,000

corporated by Royal Charter, ide

Reserta Funda:

Sterling

Paid-Up Capital: $8,600,000 Reserve Fund

£3,000,000

£0,000,000

Last Sale*

STOCKS

Last Sale

Reserve Liability of

Oct. 10

Oct. 10

Proprietors

$20,000,000

pristors .....

£3,000,000

HEAD OFFICE: LONDON:

Loew's Inc.

254

Head Office-KONG KONG

21)*

Loft Incorperated

204

33

Mack Truck Lite.

248

82*

Martin, Glen L

311

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

On Japan:-

Amer. Can

99

McKesson & Robbins, pid

275

NEW YORK October 10. 1940.

On demand

.105

American Cyanamid B.

354

Montkomery Ward

401

SINGAPORE RUBBER

Previous October 10

Close Opening Closing Buyers Buyers

On India:-

Amer. & Foreign Power

M'tain City Copper Co.

3+

Change

SPOT

JAN.-MAR.

APR.-JUNE

37-3/8 37-1/2 35-5/8 35-1/2 -35-5/8 35-5/8 33-3/4 33-7/8 34 cts.

up 1,4

up 1/8

up 1/4

The market was steady but quiet.

LONDON RUBBER

Previous close Today's close

S PO. T

NOVEMBER

DECEMBER

JAN.-MAR,

APRIL-JUNE

The market was idle.

buyers

buyers

11-7/8

11-13/16

11-7/8

11-7/8

Change of 1/16 unch.

11-13/16

11-13/16/

11-13/10

11-13/16

11-11/16

11-11/18

Telegraphic Transfer. (82 1/2

and demand -

On New York:-

Bank Bills, on demand 22 3/4 Credits, 60 days' sight.93 3/4 Jo Batavia:

On demand............ 42 1/2, On Parla:-

Bank Bills, on demand 1085 Credits 4 months' right 1160

In Saigon-m

On demand

Amer. Radiator

Amer & Foreign $7 pt.

14*

National Aviation

104

Amer, Locomotive

143

Kat. Dairy Products

13

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

Amer, Metals Co.

154*

National Distillers

211

Hon. Mr. à. H. Dodwell,

7.

National Lead

174

G. Miskin, Esq.,

Amer. Rolling Mil

111

| Nat, Power & Light

74

Amer, Sting' and R’ing Co.

401

National Supply Corp.

51.

Amer. Sugar Redning

131.

New York Central

144

Amer. Tel. & Tel.

1621

Niagara Hudson Power

4

"Amer. Tobacco "B"

76*

Amer, Waterworks

81

N. American Aviation North American Co.

161

184

Anaconda Copper

**

Northern Pacific

83

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

Deputy Chairman.

K. 8. Morrison, Esq.,

Hon. Mr. T. E. Pearce,

C. C. Roberta, Esq.,

Hon. Mr. A. L. Shields, Sir Vancieleur M. Grayburn,

Chief Manager,

38, Bishopsgate E.C.R. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.E West End Branch:

14/18, Cookspur Street," "8. Wi Manchester Branch: 52, Mosley Street, Manchester, 2

ALOR STAH AMBITUAR

AGENCIES, AND BRANCHES:

HABBIS

PENANG HONG KONG KANGOON ILOILO IPOH

BANGKOK

| CALOFTT)

AGENCIES: KOER

OLIVE STAT KUALA FATALIS PLACE CANTON

SAIGON

BATAVIA

BOMBAY

STEEMBAN

KARACHI KLANG

SHANGHAI

SINGAPORÐ

SITTAWAN

SOURABATA

LUMPUR

TALFING

99

Atchison, T. & 8. Fe.

161

Owens-Killinois Glass Co.

561*

In Manila:

Aviation Corp.

Pacific Gas & Elec

28

Amog

On demand

45 1/2

Baldwin Lecometive

161

Packard Motors

31

Bangkok

NEW YORK COTTON: Limited buying by the Trade furnish de- mand which was offset by Southern selling, hedging and realiz- Ing.

CHICAGO WHEAT: The strength of cash wheat is responsible for the bullish factor today. The Government estimates the Spring crop at 236,000,000 bushels..

NEW YORK STOCKS: Previous close. 130.54: Today's close, 130.39;

Change, off 15

Shanghai Exchange

Official T.T. Rates Shanghai, Oct. 11 (Reuter).

On Bangkok:-

Baltimore & Ohio

$

Pan-American Airways

151

Batavia

Branches: Johore" Rangoon Kobe

Baigos SEA Kowloon

CAWNPORE. CEGU COLOMBO DELHI

KUCHING

TIENTSIN

MADRAS

TONG KAR

MANILA

"MIDAN

On demand............ 7.

Barber Asphalt" Co.

101

Paramount Pictures

71

Bombay

Kuala

Francisco

Calcutta

On Sterling Notes:-

Barnsdall O1

8..

Pennsylvania R.R.

221

-Lumpur Shanghai

Canton

London

14

Bank Buying Rate

Now.

Bendix, Aviation ..................

31

Philadelphia Read, Coal

**

Singapore

Chefoo

Lyons

Bourabaya

Bar Silver per oz.

33 3/8

Bethlehem Steel

791

Phillips Petroleum

35+

Colombo Malacca

Bungei

Elisa & Co.

141

Public Service of NJ

331

Dairen

Manila

Boeing Airplane Co.

15)

Pullman Inè....

241

Foochów

Muar

Patani Swatow

Borg-Warner

18

Pure Of .....

7

Haiphong

Briggs. Mig.

204

Radio Corpm, of Am.

41

Baokow

Makder Tokyo

"

Budd M'facturing Corp.

Reading Company,

Com

14

Harbin

New York

Canadian Pacific R’way ·

31

Remington Arms Co., Inc.

51.

Iloilo

Opening

Case, J.I.

534*

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.

London

0/3-9/16

Republic Aviation Corp.

5+

Ipoh

Penang

Celanese

281+

Republic Steel

174

New York

5-1/2

Chesapeake & Ohio

104.

Revere Corp.

104

Japan

23-3/8

Chrysler Corpn.

771

Reynold Tobac. "B"

35

Prev. Today's

9.54

9.49

9.55 ⚫ 9.49

.06 off

Indla Hongkong

18-3/4

Columbia Cas & Elec.......

51

Safeway. Stores

42)

23-5/8

Commercial Credit Co.,

301

Schenley Distillers

10

20.00 19,40

·20.00 - 20.00

unch.

Sterling

Com, & Southern (@rd.)

1}

Sears Roebuck

781

83%

821

821

821

up

Rellers

Consolidated Edison......

251

Shell Union Oil

81

i 59

581

581

582

up

Opening

Closing.

Consolidated Of

57

10.70 10.60

10.60

10.70

קש 10,

Spot

Oct.

NEW YORK COTTON

Close

Open Ina

Closing

0/3-51/840/3-51/84..

Oct. (New contract).

9.60/60

9.53/58

9.50/52

December (

9.55/58

9.54/54

January

+

}

9.51 N

9.47b/49a

March

9.52/52

-9.50 150

May

{

}

9.43/43

9.40/40

9.49/49 9.43m 9.44/44 9.31/32

.10 oft 06 of .08 off 08 off

Curtiss Wright, "A"

Deere & Co..

Distillers Corpn. Seagrams. 18-

5-27/32

.12 off

Douglas Aircraft.

July

(

9.23/23

9.19/18

Spot

א 9,87

9.11/11 9.59

.12 off

Du Pont de Nemours

103 off

Eagle Picher Lead

Total sales Wednesday: 59,400 bales

Eaton Mfg. Co.

Elec: Autolite

W

NEW YORK RUBBER

Elec Bond & Share

December

20.00/00 19.97b

January

19.90b

20.00/00 unquoted 19.90b

unch.

March

19.75b

May

19,636

· 19.67/66

19.70b/85a 19.72b 19.59b

Elec. Bond & Share $5 pt. Elec, Bond & Share $6 pf. Elec. Power & Light 37 pr. Tintkote

Total sales:-450 tons.

.................................... 821/821

Wednesday's sales:-6,536,000 bushels.

Gen, American Trans.'.....

Gen. Electric

81/81

CHICAGO WHEAT

December

May

CHICAGO, CORN

December

581/581

May

591/594

581/581 581/581 591/591. 591/591

1 up

i up

WINNIPEG WHEAT

October

701b

701/701 70b

off

NEW YORK HIDES

December

March

1화

10.60/60 10.60/70a 10.70/70 .10 up 10.52b/55a 10.65/55 10.82/82 .10

Gen. Motors

821/821

812/817

824/821 811812

Goodrich $5 pt."

Goodyear Tire & Co...

Great Northern Iron Ore

Great Northern Rly, pfd.

קט

NY-Official Silver

Total sales for the day:-44 contracts.

NY London Cross Rate 403-1/2′′

34-3/4

34-3/4 4.03-1/2

Homestake Mining Int Nickel Inter. Paper & Power Int. Tel & Tel

Kennecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford Glass · 424 Lockheed Aircraft ........................

LONDON STOCK EXCHANGE

(HEUTER'S SERVICE)

Change Nov.

.03 off :.04 off

+ up up

LONDON GOLD

London, Oct. 10 (Reuter), Bar Gold, Fine per oz., 165/- '·

Tientsin-Pukow Rły. $%

(Brit. Stpd. Supl, Loan) 8 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan) Jap. 6% Ster, Loan, 1924 19

London, Oct. 10. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confrmation and no responsibility is asumed for errors Ger, 1% Intl. Loan, 1924 5}

In transmission.

War Loan, 34% (Red.).

after 1952) *** Janton-Kloon Aly. · 5% Chinese 41% Gold Loan

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

1925-47

Chin 41% Anglo-French

Loan, 1908

Chinese 5% Crisp Loan.

1012

Chinese 5% Reorg, Loan,

1913 (Län. I)

8

E

1012

8"

Chartered Bank HK. & S'hal Bank (Lan

Reg.). HK. & 8hal Bank (Col.

Reg) Chinese, Eng. de Mining

・

571

70

14.

呀

Chinese 8% Ster. Noten

1925 (Vickers) Chin. Imperial Rly. 5%

Loan....... 41

Honan Rly. 3%

Hukuang Rly 5%, 1911...

(LP. N/Y Lsue)

Bukuang Rly 5%, 1911.

(German Issue). Lung Teing Hat

Rly. 6% 1913... S'hal-NKing Rly, 6% Tientsin-Pakow Rly. 5%

(Brit. Stpd.). Tientain-Pukow Aly. 5%

(German Stpd.)

(bearer)

Chosen Corporation

Pekin Syndicate...

Dunlop Rubber

Spot Oct. Nov.

0/3-13/18 0/3-13/16 0/3-13/18 0/3-13/16

U.S. Dollars

$5-29/32 $5-7/8

5-29/32 5-7/8 5-7/8

Market-Quiet.

LONDON METALS

EXCHANGE

London, Oct. 10′ (Reuter) Tin Standard, Cash, Middle Price, £280-3/8.

Tin, Standard, 3 months. Middle Price. £262-1/4

Eastern sellers were reluctant owing to uncertainties of future freight rates. There was some covering against fair overnight business to the United States, with dealers absorbing near dates in of export permits anticipation next month.

LONDON STOCK EXCHANGE

LONDON, Oct. 11 (Reuter) Occasional features relieved the arabness of the London Stock Ex- change yesterday, Breweries made headway but on the whole indus- trials tended to sag for want Gr fresh buying. Interest. "Kafirs end xilt-edged closed steady. Wall Street was irregular

SILVER MARKET

LONDON SILVER London, Oct. 10 (Reuter). Silver-Little. trade selling with poor.support. Market quietly steady,

Spot, 23-3/8d.

Forward, 23-5/164.

Continental Can

Continental Oil

Copperweld Steel

Curtiss Wright (C.)

Gen. Railway Signal Gen. Tire & Rubber Gudden Co.

Goodrich (B..

Great Western Sugar Greyhound Corpn. Hercules Powder Co.

DOW JONES AVERAGE

1940

High Low Dow Jones Averages

Industrials 189.89 111.84, 20

22.67 22.10 20 Rails .98.45 1803 20 Utilities

Bonds 90.61 83.08 40 84.0% 48 47 11 Commodity Index

Oct. 9,

130.54

24.06

21 40

Oct. 11, 1940. High Low Close 137,82 130.09. 130.39 28.54 28.56 29.60 21.87 21,33 21.45

Change

.15 of

.04 up

Subscribed Capital. Pald-up Capital -

.05 up

Extra Fuad and fast.

89,97.: 63,90

.: 69.92

.01 off 5303 .03 up Business Done:-350,000 shares

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

· KOUE and OSAKA

SINGAPORE PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Boosevelt Terminal in

Shanghai, whore passenger and cargo are landed.

For further particulars

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONE CONIDIGENERAL MANAGERS

BANKERS:

The Bank of England and Midland

Bank, Ltd, BRANCELES;

Kunis Trenggaon

Shanghai

HONG KONG BRANCH: Biwy dsmoription of Banking and Exchange busicom transacted.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

OF CHINA AS AN SSA

* INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches TRUSTEE AND EXECUTORSHIP in China and connections in the

COMANMUNDERTAKEN

|_ | principal Commercial Centres of CDRREST LOCOUKTB sed la Lol Our the World, we are able to extend rency and FIIND 'DEPOSIES Tsosired in Loca)

Currency EXERLINI Chat may be 30 our Clienta special facilities for Domestic and Foreign Banking and D. BENSON

| ascertaiřadi on apa iloation.

What do

you

Maa

want?

If there is anything you want to buy or

try sell,

small Classified advertise- ment in the Hong- kong Dally Presa

25 words $1,50 prepaid

for 3 insertions.

Exchange.

Head Office:SHANGHAI

Hong Kong Branch:

4. QUEEN'S ROAD, C. South Olika Oficei:

KONGMOON TOISHAN

CANTON SWATOW

SHLUCHOWKINGCHOW

We also handle the issus of Bonds and other Publio Funds of the Chinese Government hath at Home and Abroad,"

SHOU J, CHEN,

Manager.

.

B-A, Tob, (bearer)

Mercantile Bank

'bal Mec. Constr. Co. B'bal Waterworks "A" ... 13 Union Insurance .....

20 Gula Kalumpong Rubber 13/8 #81/3 104. 30

15

TO

***

Bristol Aeroplane

9/7

Imperial Chemical Ind. 27

United Steel

18/7

10

Woolworths.

50/9

the French Concession at

Maramat Investments

7/6

12

Western Holdings

8/8

157/8

38/104 1014

121

314

Nat Bank of India. 3%

25

=

Sub-Nigel...

Shell Trans đi Tran

bearer Nat Defence Bonds, 3% Londen-Midlands-Scot

tish, Great Western Rall

Socony-Vacunum Ol

388

Southern Pacific

174"

Bouthern" Rly $5 pfd.

21

193

spiçer Manufacturing Co.

324

健

Standard Brands

61

27

Stand Gas & Elec.

198

Standard Off of California

163

Standard Oil of N.J.

31

771

Stone & Webster

8

170

Studebaker Com,

71.

$7

Swift International ... 174

**32

Technicolor

35

Texas Corpn...

33+

5

Texes Gulf Sulphur

33

641.

Timken-Axla

71

Trans-America Co.

361

20th Cent, Fox

54

152*

Union Bar & Paper Corp.

114

491

Union Carbide & Carbon

727

334

Union Pacifc

82

48*

United Aircraft

384

14+*

United Airlines Trans

177"

United Corpa

14

141

United Corpn... $3 'cum pf.

334

United Gas Corpn.

11

561*

United Gas Improvement

111

15"

US.. Industrual Alcohol.

147

U.S. Rubber

201

27

US. Rubber $8 pfd,

74

191

US. Smelting

614

Interest Rates on Application..

101

US. Steel

584

SAFE DEPOSIT BOXES

771

Vanadium

46

Valtee Aircraft

9.

261

Walworth Co.

41

137

Warner Bros Fict.

21

- 23*

Westinghouse Elec.

104

This Bank is entirely owned by THI CHASE NATIONAL BANY New York, with Besonross of ared 1.8.$2,900,000,000. i

29+

34°.

Woodward Iron Cor. Chase National Bank National City, Hank

201

291* 244*

272

(Johore) Tientsin

Tsingtao

Peiping Yokohama

HAIPHONG HAMBURG HANKUW

PRIPING

(Peking)

FOREIGN EXCHAxon and General Banking Business transacted.

CURRENT ACours opened and FIXED DEPOSITS · received: för Ona Year or shorter periods in Local or Other Currencies at rätes" which will be quoted on application. “

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with ›

CURRENT ACCOUNT opened in interest allowed at rates obtainabla LOCAL CURRENCY and FIXED DEPOSITE OR application. received for one year or shorter The Bank's Head Office in Londos periods in Local and other Our-undertakes Executor ånd Trustee rencies on terms which will be business, and claims recovery of quoted on application.

British Income Tax overpaid, on

ALBO up to date Sir DEPOSIT terms which may be ascertained as Boxsa in varioua sizes To Las. any of the Agencies and Branches. Hong Kook 28th February, 1940.

B. A. CAMIDGE,

HONGKONG SAVINGS

BANK

The Business of the above- Bank is conducted by the HONGKONG & SHANGHAI BANKING COB-15 PORATION. "Bules may be obtain- ed on application..

For the HONGKONG & SHANGHAI BANKING CORPORATION, -

V. M. GRAYBURN,

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

THE CHASE BANK

16, QUEEN'S ROAD, CENTRAI

HEAD OFFICE:

18, PINE STREET,

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

D. M. BIGGAB,

Second Vige Preis

THE MERCANTILE BANK OF INDIA, LÍMITED

Head Officer-15, Gracechurch Streat.

London: EC

Authorised Capital

£2,000,000

€1,800,000

21,050,000

£1,254,839

Manager.

BANK OF EAST ASIA; LIMITED

Authorised Capital $10,000,000.00 Paid-Up Capital... 5,598,600.00 Reserve and Undivided

Profits... 2, 193, 201.50

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

Board of Directors: SIA.SHOPSON CROW, Chairman Li Koon Chan," Eaq,

Li Liz Sang, E

P. K. Kwok, Esq. Wong Chu Son Wong Yun Tang, Esq. Kan Ting Po, Bag, Chan Ching Shox, Es, Fung Ping Wish Hag KAN TONG PO, Esq., Chief Manager LI TA Foro, Esq., Manager

· Amay

"Branches and Agencies: ~

Kurioos Franz

LOLICON

Batavia

Bombay ... "Magila...

Bangoon

Balgon

Bingapora

Kelbome Ban Fran- Sydney Xagnaska

placo Tentiền

CORTEZ. Bemmante

Shantial

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

Current Accounts opened in Local Currency and Fixed Deposite ro ceived for one year of shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.

BATE LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager,

.

NEW YORK

(Bhuket) TRINGTAO TOKOHAMA

Boutstays

Bwatow

Conta

Haiphong

Hankow

Monolela

New York. Beattie Parts

Petpinst

M