1940-10-16 — Page 10

Alleghany Steel Co.

.....380

Allis Chalmers *****, *****

Aluminium Ltd.

NEW YORK, October 14, 1940.

09-3/4

Amer. Can

American Cyanamid B.-

105

Amer. & Foreign Power...

SINGAPORE RUBBER

Close Opening Closing. Change Buyers Buyers

20 India:

Amer Foreign $i pf.

Telegraphic Transfer.

SPOT

37-7/8

JAN. -MAR.

36 cts.'

APR-JUNE

37-7/8 38-1/8 36 cts. ·36-1/8 34-3/8 34-3/8 34-1/2

up 1/4 up 1/8

and demand

**182 1/2

Amer. Locomotive

Amer. Metals Co.

Jo New York-

Amer. Radiator

up 1/8

The market was very steady.

Bank Bills, on demand 23 5/8 Credits, 60 days' sight 23 1/2

Amer. Rolling - Mili

Anier, Sting and R'ing Co. 41

Previous close Today's close

an Batavis D

buyers

buyers

Change

******** 42 1/4

11-13/18 -

11-13/16

unch.

On Paris:

11-13/18

11-7/8

up 1/10

11-13/18

11-7/8..

up 1/16

11-13/18

11-11/16

11-7/8* 11-3/4

up 1/16

On Saigon:-

up 1/16

On demand

On Manila:

On demand

45-1/4

Amer, Sugar Refining Amer, Tel, & Tel. Amer. Tobacco “B” Amer, Waterworks Anaconda Copper.... Atchison, T. &B, Fc. Aviation Corp. .... Baldwin Lecometive Baltimore & Ohio

Barber Asphalt Co.

On demand

· 1/91/2

Barnsdall Of

Ja Sterling Notes:--

Bendix. Aviation

Bank Buying Rate Bar Silver per os

Now...

Bethlehem Steel

23 7/16

& Co....

Boeing Airplane Co.

Borg-Warner-

Briggs Mfg.

Budd M'facturing Corp.

Canadian Pacifle. R'way

Case, JI.

Opening

Celanese

London.

New York

0/3-11/16 5-5/8

Chesapeake & Ohio

Chrysler Corpn.

(REUTER'S „SERVICE)

Prev. Today's

Japan India Hongkong

23-7/8

Columbia, Gas & Elec.......

20-3/8 N

Commercial Credit Go! ...

24-1/2

Com, & Southern (Ord.)

New York Cottori, Dec.

New York Rubber, Dec.

20.56

20.50 20.32 20.50b 18 up

Sterling

Consolidated Edison

Consolidated Oil

Chicago Wheat, Dec.

847.

'Chicago Com, Dec.

841 60 592 591

New York Hides, Dec.

837" 841 1 up

591 11.56 11.30 11.15 11.55b 04 up

Sellera

קט 4.

Opening Closing

Continental Oil

©PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

LONDON RUBBER

S P O T

NOVEMBER

DECEMBER

JAN.-MAR.

APRIL-JUNE

(FROM PAYNE & CO.)

Previous October 14,

MONEY AND EXCHANGE

"CLOSING QUOTATIONS

OCTOBER 15, 1940.

On London:-

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/3 Credits 4 monthầ" sight 1/3 1/2

On Shanghai...

On demand

On Singapore:-

On demand

On-Japan-

On demand ...

On demand

Bank Bills, on demand Nomt. Credits 4 months' sight Nom.

The market was steady. NEW YORK COTTON: There was some Continental and Southern selling, which the domestic Trade bought on the scale down. Favourable weather conditions in the South have induced hedg- ing. Prices are now approximately at the Loan figure and we expect pressure of hedging to gradually diminish, should" values

ease.

:

NEW YORK RUBBER: Prices were firm on scarcity of offerings,

Js Bangkok:

CHICAGO WHEAT: Prices firmed on mill buying and the market Shanghai Exchange

points higher.

NEW YORK STOCKS: Previous close, 131.04: Today's close. 130.73:

Change, off 31.

NEW YORK COMMODITY MARKET

Official TT, Rates"

Shanghal, Oct. 15 (Reuter}"

9.44 9.38 9.45 9.38 07 oft

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

Continental Can

QUOTATION

(REUTER'S SERVICE)

OCTOBER 15, 1940:

44

£9

H

WEDNESDAY, OCTOBER 16, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION"

INDIA, AUSTRALIA AND CHINA

Authorised Capital. 880,000,000

Issued & Fully Paid-Up: $90,000,000 Incorporated by Royal Charter, 1888

Reserve Fundaz

Paid-Up Capital

£3,000,000 Sterling

$6,500,000 Reserve Fund..

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

Proprietors

$20,000,000

Head Office:-HONG KONG.

Hon. Mr. T. E. Pearce,

Hon. Mr. A. L. Shields, Str Vandeleur M. Graybarn,'

Chief Manager.

Branches:

Johore." Rangoon Kobe Saigon

San

prietors

€ £9,000,000

£3,000,000 HEAD OFFICE: LONDON:

38, Bishopsgate E.C, Sub-Agonoles In London: 117/199, Leadenhall Street, E.C

West End Branch: 14/16, Cockspur. Street, S.W 1 Manchester Branch:" 52, Moiler Street, Manchester, 2.

AGENCIES AND BRANCHES

ALOR STAR AMBITBAR BANGKOK

BATAVIA

BOMBAY

DALOUTTA

AGENCIES:- KOMB

CLATE SE

FAS FLACK

CANTON

CAWNPORN CEBU COLOMBO DELHI HAIPHONG

Francisco HAMBURG

Singapore

Sourabaya

Haiphong (Johore) Tientsin

Peiping Yokohama

Penang.

HANKOW

"HARBIN

PAHANG

HONG KONG

MANGOON

(2011

BAIGON

IPOR

TABACE? KLANO

SHANGHAI

SINGAPORI

SITIAWAN

SOURABAYA

TAIPING

TIENTAIN

TÖNGEAN

(Bhuket)

TSINGTAO

KUALA

LUMPUR

KUCHING

MADBAS

MANILA

MEDAN

NEW YORK PRIPING

(Peking)

YOKOHAMA

FOREIGN EXCHANGE and General Banking Businen transacted,

CURRENT ACCOUNTS epened and FIXED DEPOSITs 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 obtainable LOCAL CURRENCY and Fixed Druarta on application. received for one year or shorter The Bank's Head Ofoe in London periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application,

British Income Tax overpaid, on

Atso up to date SA DEPOSIT terms which may be ascertained at Bosta in various sizes To Lar any of the Agencies and Branches

R. A. CAMIDGE,

Manager.

Last Saleį

Lest Sale

Oct 14

Oct 14

5

Loew's Inc.

25+

221

Loft Incorperated

201

4

346

Mack Truck. Inc.

241

781

Martin, Glen I.

311

96.

McKesson & Robbins, pfd. 27

36

Montgomery Ward-

-404

M'tain City Copper Co.

3

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

Chairman, Hon. Mr JJ Paterson,

·Deputy Chairman,

144*

National Aviation

10*

151

Nat, Dairy Products

131

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

161

National Distillers

201

Hön. Mr. S. H. Dodwell,

National Lead ......

171

G. Miskin, Esq.,

112

Nat, "Power & Light

K: S. Morrison, Esq.,

National Supply Corp.......

52

14

New York Cential

14)

C. C. Roberts, Esq.

1801

Niagara Hudson Power

751

N. American Aviation

164

Bi

North American Co.

19

Northern Pacine

161

Owens-Illinois Glass Co.

56)

Pacific Gas & Elec

281

Amoy

Packard Motors

31

Bangkok

44

| Pan-American Airways

150

Batavia

Kowlong

104*

Paramount Pictures

7+

Bombay

Kuala

Calcutta

B

Pennsylvania R.R.

221

Lumpur Shanghai

Canton

London

31.

Philadelphia Read,” Coal

Chefoo

Lyons

B01

Phillips Petroleum

354

Colombo,

Malacca

Sangel

141

|Public Service of NJ.

327

Dairen

Manila

Patani

15+

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

241

Foochow

Muar

Swatow

18

Pure Oll................

7

211

Radio Corpn. of Am.

42

Hankow

Mukden

Tokyo

41

Reading Company,

Com

147

Harbin

New York Tsingtao

Iloilo

31

Remington Arma Co., Inc.

53*

得

55

Republic Aviation Corp.

Ipoh

54

281

Republic Steel

173

40..

Revere Corp.

114

78

Reynold Tobac. “B”

341

51

Safeway Stores

423

304

Schenley Distillers

11

Bears Roebuck

781

25

Shell Union. Ol

.81

57

Boceny-Vacunum Oil

71

Hong Kong. 28th February, 1940.

381

Southern Pacine

82

171

Southern Rly $5 pfd. ......

21

NEW YORK COTTON Close Oct. (New contract). 9.47/47

Openinz

Closing

Change

Spot Oct. Nov.

0/3-48/84: 0/3-25/32 6/3-49/64 0/3-49/64 0/3-3/4 0/3-49/64

Copperweld Steel

194

Spicer Manufacturing Co. 311*

Curtiss Wright (C.)

72

Standard Branda ........

61

HONGKONG SAVINGS

BANK

9.42/41

9.42/42

.05 off

December (

9.45/46

9:43/44

9.38/39

07 of

· Gurtisa. Wright “A” Deere & Co.

27

Stand Gas & Elec.

13

January

Q

9.40/40

9.35b

9.371

March

9.39/40

9.38/38

9.37/38

May

9.28/29

9.27/26

9.2811

July

... 9.08 N...

9.05/60

Spot

9.55 IN

9.061 9.48n

.03. off .02 of .02 off 02 of 07 off

Spot Oct. Nov.

$5-3/4

Distillers Corpn. Beagrams

Douglas Aircraft

Eagle Picher Lead

Total sales Friday:91,300 bales.

NEW

YORK RUBBER

December

20.32/32

January

20.17 N

March

19:85/85

May

.19.67 B

20.56/56 20.50b 20.48/48 20.33b 20.16/07 20.04b 19.750

19.91b

Elec. Bond & Share $8 pt. 1714

.16. up .10 up 24 up

Totals, sales:-680 tons. :

Gen. Electric

CHICAGO WHEAT

Gen. Motors

December

831/84

841/841

May

821/821

831/831

841/841 834/831

up

Gen. Railway Signal

up

Gen.-Tire & Rubber.

Friday's sales:-13,526,000 bushels.

Glidden Co.

Gandrich (BF)

CHICAGO CORN

Goodrich $5 pf......

December

591/591

May

594/591 601/001 601/601

598/592 602/507

.up

Goodyear Tire & Co.

Great Northern Iron Ore

WINNIPEG WHEAT

Great Northern Aly, pfd.

October ...

706

Closed

December

March

11.15/16 11,34/40 11.02b/05a 11.20/22

11.55b/56a 11.34b/38a

Great Western Sugar Greyhound Corpn. Hercules Powder "Co.

Homestake. Mining Int Nickel

NY-Omcial Suver 34-3/4

Inter. Paper & Power. Int. Tel. & TEL

Kenmecott Copper

Lakey Foundry & Mac,

Libbey-Owena-Ford Glass Lockheed Aircraft

EPHONE

NEW YORK HIDES

Total sales for the day:-228 contracts.

NY-London Cross Rate 4.03-1/2

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, Oct. 14, 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.

34-3/4 4.03~1/2

U.S. Dollars

$5-25/32 5-3/4

5-3/4 5-23/32 5-3/4 Calcutta Exchange

Calcutta, Oct. 14 (Reuter). T.T. on Japan." 81-1/4.

18 up India Rupee Paper

Bombay, Oct. 14 (Reuter); Govt. 31% Rúpes, 91-92-0.

LONDON STOCK · EXCHANGE :

LONDON, Oct. 15 (Reuter)- On the Stock Exchange yesterday, Far Eastern bonds werę stronger on UP hopes of Improvement of the in-

ternational situation.

.04 up 32 up

LONDON METALS

EXCHANGE

London, Oct. 14 (Reuter). TIA. Standard, Cash, Middle Price, 2259.

Tin, Standard, 3 months, Middle Price, £260-5/8

Market quiet.

Ger. Stpd. Bupi, Lost) 8 Jap. 6% Stez, Loan, 1924 18 Ger, 7% Intl. Loari, 1924–554 101-1/16 Chartered Bank B

Gil-edged securities were mainly higher while home industrials were narrowly irregular. Gold minings were quietly steady and elsewhere changes were few. Wall Street was arm.

SILVER MARKET

BOMBAY SILVER

Bombay, Oct. 14 (Reuter). Market-Quiet. Oftake 30 bars,

Ready

Indian Mint. Silver

Oct. 23 Settlement Nov, 28 Bettlement

62-10

62-11

62-12

LONDON GOLD

London, Oct. 14 (Reuter).

Bar Gold. Fine per oz., 168/-.

Du Pont de Nemours

Eaton Mig Co

Elec, Autolite

Elec Bond & Share

Elec. Bond & Share $5 pf. 64)

Elec. Power & Light $7 pf. ·-381 Flintkote

Gen. American Tranı.

1940

DOW JONES AVERAGE

High Low Dow Jones Averages Oct. 11, 15280-111.84-304 Industrials

39.67 22.15 20

131.04 .89.74

Oct. 16, 1940,

High Low Close 137.49/130:32:130,73

Change

3' off

28.07 28.5228,57 - .17 off

MELU

26.40 18.03 ·20

90.61

Rsila Utilities

83.08 40 Bands

84.07 48 47 11-Commodity Index

21:56 21.8 21.44 21.52- ,04 off

89.98

5143

69,05 .09 up 54.81

41 up

Business Done: 400,000 shares

INDO-CHINA

d on application.

For the HosuRONG. & BBANGHAY BANKING CORPORATION="

V. M. GRAYBURN,

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

THE CHASE BANK

18, QUEEN'S ROAD, CENTRAI

HEAD OFFICE:

16, PINE STEKET,

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

This Bank is entirely owned by

THE CRASS NATIONAL BANK New "Youx,, with Essenroms" oƐ, oveĚ U:8.$2,000,000,000,

D. M. BIGGAR,

Second Fion Pr

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offco-15, Gracechurch Straat,

London, EC3

Authorised Capital Subeortbed Capital Paid-up CapitalCyg Boore Fund Rest

BANKERS:

£3,000,00 21,800,000 21,050 21,206,658

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Kuantan

Bangkok

Ipoh.

Bombay

FARDA

Olcutta

Colombo

Kandy

· Datbl

Karachi

Galle Hongkong

Kota Bharu

Keals Lápis

Kuals Tanggann Hadess

New York

Peug

Bangoo

Shangha

Himl

Howrah Kuala Lumpur Airpor

HONG KONG BRANGH:

BANK OF EAST ASIA, LIMITED

Authorized Capital.. Paid-Up Ospital Beserve and Undivided

Profits

$10,000,000.00 5,588,600.00

„2,103,281.88

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

Board of Directors:

818 SHOP ON CHOW," Chairman Li Koon Chan, Esq. Ll Lan Sang, Eng. P. K. Kwok. Eaq, Wong Cha Son, Beq. Wong Fun Tong, Esq. Kan Ting Po, Lag. Chan Ching Shuk, Esq. Tang Pine Wah Bag KAN TONG Po, Esq., Chief Manager L1 T Fosa, Esq., Manager

Amoy

Batavia

Branches and Agencies:-

Barrio

·Pronar・・ Singapore Bangoon Bourabaya Betron Swatow

london

Bombay

Manila

Oklentia

Haiphong

Hakow

New York Soziale

Honnin

Robert

Melbourne... San Fran. Sydney. Hugues

Parly Palping

Semarang Shangha

couver

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

Current Accounts opened in Local. Currency and Fixed Deposita ro- ceived for one year or shorter. periods in Local and Foreign Our rencies on terms which will be

noted on application

SATE EPOSIT BOXES TO LET.

KANTONG PO,

Chief Manager.

BANK OF CHINA

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

PAID UP CAPITAL $40,000,000.00

BANK'S

STEAM NAVIGATION COMPANY Brock description of Banking Add Sacharge (BRANCHES ALL OVER CHINA)

£

War Loan, 31% (Red,

after 1952) Janton-Kloon Rly. 5% Chinese 41% "Gold" Loan

HK & Shal Bank (Ldn.

Reg.)........

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

30

LK Bhai Bank (Col.

1925-47...

Chin, 41% Anglo-French

Beg) Chinese Eng, & Mining

"(bearer,

70

14/-

Loan, 1908

44

Chosen Corporation

Chinese 5% Crisp Loan.

Pekin Syndicate...

1912

12

Chinese 5% Reorg Loan,

1913 (Ian. 18.)

B.-A, Tob, (bearer)

·4/- 2/ B'hal Elec. Constr. Co... 15/- Bhal Waterworks "A" .. 131. Union Insurance: 20 Gula Kalumpong Rubber 13/9

81/101

Operating Services for Cargo and Passengers-

TO

SWATOW, SHANGHAI, TSINGTAU, CHEFOë.

and TIENTSIN

KOBE and OSAKA

Mercantile Bank

10

Dunlop Rubber

30/-

9/8

Imperial Chemical Ind. 27/6

United Steel

18/9

Woolworths

57/11

Marsmai. Investments....

7/8

Western Holdings

8/9

Sub-Nigel

157/6

Shell - Trans, &Trad.

beare

38/3

Nat Defe

3% 101-3/18

London

127

rent

Chinese 8% Ster. Notes,

1925 (Vickers)

Chin. Imperial Rly 5%

Honan Rly, 596:

Bukuang Rly 5%, 1911....

LPN/Y Issue)" Hukuang Rly. 5%, 1911

(German Issue) Lung Tsing & D. Hat

Rly 5% 1918.

#Shal N'King Rly 6% 12

Tientsin-Pakow. Rit

Brit. Stod Tientsin-Pakow Ry. 5%

German pdyman & Tentsin-Pakow Bly 5% Brit Blod, Bunt Loan) Hentain-Pukow Bly. 5%

Bristol Aeroplane

SINGAPORE -PENANG and CALCUTTA

BANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where passengers, and cargo are landed.

For further particulars

please apply to

Enakosen kenpootedanje gdje Ko

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN HOURRENT AUCOUNTS opinad in Losal Car.

retory an FIXED DEPOSITS repaired in Loes Queeney & BAKBLING on teeme that may be ascortalivid on spy liesticu

D. BENSON,"

What do

you

want ?

there Fanything

to buy or Bell try a small Classified

ment in the

kong Daily Press.

Hong

in Chins and connections in the Owing to our numerous Branches 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'8" ROAD, C, The South China Offers: CANTON S

SWATOWAR SHIUCHOW

KONGMOON TOISHAN "KINGCHOW

We also handle the issu

and other Publie

Chinese Government both and Abroad

Bonda

"192

Standard Oll of California

167:

The Business of the above Bank,

16

Standard On of 'N.J.

"31"

771

Stone & Webster

8

1701

Studebaker Comp

72

is conducted by the HONGKONG ↑ SHANGHAI BANKING COR- FORATION. Bules may be obtain-

Swift International

173.

331

Technicolor

91

351 5

Texas Corpn.

334

Texes Gulf Sulphur

*33

*Timken-Axle

201

Trans-America · Co.

41

20th Cent. FOR:

51

174

Union Bag & Paper Corp.

11

49

Union Carbide & Carbon

74

33

Union Pacifie

81.

49+

United Aircraft

381

147

United Airlines Trans

181

114.

United Corpn

14.

United Corpn. $3 cum.pf. 321

11#*

United Gas Corpn.

"11

57

United Gas Improvement

114

151"

U.S., Industrual Alcohol,

23*

143

U.8. Rubber

201

271

US. Rubber $8 pfd.

77

Interest Rates. on" Application.

191

US. Smelting

60*

101

US Steel

594

SAFE DEPOSIT BOXES

785.

Vanadium

312

47

Vultee Aircraft

81

231

Walworth Co.

41

14

Warner Bros. Pict...

21

21

Westinghouse Elec.

106

30

Woodward Iron Cor.

301

4*

Chase National Bank

30*

427

National City Bank

254*

271

11650

ZER