1940-10-19 — Page 10

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Adams ExpreAN Alleghany Steel Co. Allis Chalmers.

SINGAPORE RUBBER

October 17 Opening Closing

Change

Buyers

SPOT

38-1/4

38 cts.

JAN.-MAR.

35-7/8

35-6/8

38-1/8 35-7/8

off 1/8 unch.

War Loan. 31% (Red,

after 1953)

102 Canton-K'loon Ely, 5% 5 Ghinese 4% Gold Loạn

1898 (Brit. Issue) ....." 90. Chinese 5% Gold Bonds.

1925-47

Aluminium Ltd. Amer. Can...... American Cyanamid B.

Amer. & Foreign Power

Amer& Foreign $7 pt: Amer. Locomotive.

Amer. Metals Co.

Chin. 44% Anglo-French

Amer. Radiator

APR.-JUNE

34 cts.

33-3/4

34 cts.

Loan, 1908

The market was steady.

Chinese 5% Crisp Loan.

Amer. Rolling Mill..........

Amer. Sting and R'ng Co.

1912

LONDON RUBBER

Previous close Today's close

Amer, Sugar Refining

Chinese 5% Reorg. Loan

buyers

Change

8 P.O T

11-3/4.

11-3/4

unch.

1913 (Ldn. Is.) .....

Amer. Tel, & Tel.........

NOVEMBER

11-11/16

11-3/4

off 1/16

DECEMBER

JAN.-MAR.

11-13/16

13-13/16

unch.

Chinese 8% Ster, Notes,

1925 (Vickers)

Amer, Tobacco "B"

Amer. Waterworks

Anaconda Copper

Chin. Imperial Rly. 5%

11-13/16

11-11/16

unch.

Atchison, T. & §. Fe.

Loan

11-11/16

801

12.32

9.44 9.47 20.40 20.35 .20.00

842 85 86 503 597 60% 12.12 12.20b 12.20

9.59/59

Opening

9.59/53

9.47/47

9.47/48

"APRIL-JUNE

The market was featureless. CHICAGO WHEAT: Prospects for the market continue to

cellent. There are reports that local millers have to go into terminal markets in order to secure enough wheat to All their needs and this will cause them 10 to 20 cents for the freight from the terminal market to their 'mill.. CHICAGO CORN: There is talk of an increase of four cents in this year's Loan rate against last year's of 57 cents. Loan rates are not established until November 15.

NEW YORK STOCKS: Previous close, 131.97: Today's close, 132,49:"

Change, up 52.

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

Hukuang Rly, 5%, 1911

German Issue) Lung Tsing & U. Hai

Rly. 5% 1813 S'hai-N'King Rly. 6% ... 12 Tientsin-PukowRly. 5%

..(Brit. Stpd.)

Ilentsin-Pukow Rly. 5%

(German Stud.) flentsin-Pukow Rly. 5% (Brit. Stpd. Supl. Lean) Tientsin-Puków Rly. 5% (Ger. Stpd. Supl Loan) Jap. 6% Ster. Loan, 1924 21} Ger..1% Inti. Loan, 1924 51 Chartered Bank

H.K. & 8'hai Bank (Lan

Reg.

11-11/18

mch.

Aviation Corp.

Honan Rly. 5% .........

Baldwin Lecometive

Hukuang Rly 5%, 1911...

Baltimore & Ohio

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

PAYNE & CO.

· COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM

NEW YORK, Oct. 17, 1840NE & CO.)

LONDON STOCK EXCHANGE

(REUTER'S SERVICE).

London, Oct 17

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.

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S · SERVICE)

OCTOBER 18, 1940.

SATURDAY, OCTOBER 19, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised, Capital....... 850,000,000

INDIA, AUSTRALIA. AND CHINA

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 180s

Reserve Funds:

Paid-Up Capital £8,500,000 H.K. Currence Reserve $10,000,000 Reserve Liability of Pro-

Reserve Fund

$20,000,000.

.£3,000,000

£3,000,000

prietors"

£3,000,000

HEAD OFFICE: LONDON:

Head Office: HONG KONG

8. Morrison, Esq., Hon. Mr. T. E. Pearce, C. C. Roberta, Esq.,

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

Chief Manager.

Rangoon Saigon

San Kowloon

38, Bishopsgate E.0.2

Sub-Agencies In London: 117/123, Leadenhall Street, E.Ga West End Branch:

14/16, Cockapur Street, S.WI

Manchester Branch;"

59, Mosley Street, Manchester,"%

AGENCIES AND BRANCHES

ALOZ STAR- ** HARBIN AMRITSAR MANGKOK

BATAVIA

BOMBAY

CALOUTTA

PINANG EONG TÙNG BANG99 ILOILO

BAIGON

ХРОН

KERIMBAN

KARACHI KLAND

SHANGHAI

SINGAPORE

SITIAWAN

BOURABAYA

AGENCIES: KOBE

OLIVE "SILKET FALSE PLACE

CAWNPORN

KUALA

LUMPUR TAIPING

KUCHING

VIENTBIN

TONGEAH

(Bhuket)

TSINGTAO

Sterling

Last Sale

STOCKS

Last Bale..

Oct. 17

Reserve Liability of

Proprietors

Loew's Inc. ......

237"

Loft Incorperated

231

357

Mack Truck Inc.

274

799TM*

Martin, Glen L

317

941

McKesson & Robbins, pfd 27

36)

| Montgomery Ward.

402

M'tain City Copper Co.

National Aviation

102

153.

Nat, Dairy Products

131

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

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

Deputy Chairman. "J. K. Bousfeld, E., A. H. Compton, Esq.,

National Distillers ....

201

National Lead .....

177

Hon. Mr. S. H. Dodwell, G. Miskiu, Esq.,.

127

Nat, Power & Light

National Supply Corp.

131

New York Cential

147

*1834.

| Niagara' Hudson Power

41.

74)

N. American Aviation

171

North American Cor

201

DANTON

231

Northern Pacific

Owens-Illinois Gissa. Co.

Branches:

Pacific Gas & Elec

287

•

Amoy

Jobert

167

Packard Motora

Bangkok Robe

41.

Pan-American ́ Airways

151

Batavia

be ex-

(LP, NY Issue)

Barber Asphalt Co.

101

Paramount Pictures

Bombay

Kuala

Franciaco

Calcutta

Barnsdall. Olu

Pennsylvania R.R.

22}+

Lumpur Shanghai

Canton

London

Bendix Aviation

31+

Philadelphia Read, Coal"

Singapore

Chefoo

"Bethlehem Steel

Phillips Petroleum

341

Colomb

Malacca

Bliss & Co.

147

Public Service of N.J.

Dairen

Manila

Sungei

Parani

Boeing Airplane Co.

151

Pullman Inc.........

251

Foochow Muar "

Borg-Warner

Pure Of .....

望

Briggs Mig.

Radio Corpn. of Am,

Hankow Mukdan

Tokyo

Budd M'facturing Corp.

Reading Company,

Com

Harbio..

Canadian Pacific R'way

Remington Arms Co., Inc.

Ipoh

Case, JI

Republic Aviation Corp.

Celanese

Republic Steel . ......

191

CURRENT ACCOUNTS

Chesapeake & Ohio

401

Revere Corp.

Chrysler Corpn.

80+

Reynold Tobac. "B"

341

Prev: Today's—~ :

8.47 9.40 .01 of 20:39 .39 up

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

B†

•

Safeway Stores

431

Schenley Distillers.

Sears Roebuck

781

264

Shell Union Oll

Closing

"3,。

I unch.

Change

Consolidated Off

קט

A.K. & S'hal Bank (Col.

Reg)

Bocony-Vacunum Ofl

Continental Can

391

Southern Pacific

83.

Continental Oll

Bouthern Rly $5 pid.

21#

Chinese Eng & Mining

(bearer)

Copperweld Steel

201

∙14/-

Spicer Manufacturing Co. 321

8.64/84

.05 up

Chosen Corporation.

Curtiss Wright (C)

Standard Brands

4/-

Curtiss Wright "A

201

Stand Gas & Mec......

January {

9.40. N

9.38b/42a

9.46/46 9.38n

ol of

Pekin Syndicate"

02 off 'hal Elec. Constr. Co.

15/-

Deere & Co. ..........odobne

Standard Oil of California

March

(

}

-9.43/43

May

July

€ >

9.35/35 9.13/13

9 43/43 9.35/35

9.42/43

of Shal Waterworks. "A"

Distillers Corpn. Seagrams

161

Standard Ol of N.J.

321

9.34/34

01 off Union Insurance ......

Douglas Aircraft

BOL

Stone Webster

9.15/16

9.13n

unch.

Gula Kalumpong Rubber

Du Pont de Nemours

1714

Studebaker Com

13/9

Spót

9.61 N

• 9.60n.

01 of

B.-A. Tob, (bearer)

Eagle Picher Lead

Swift International

181

82/6

Total sales Wednesday:-88,200 bales. NEW YORK RUBBER

Mercantile Bank

Eaton Mfg. Co.

341

Technicolor

104

!!!

Elec. Autolite

Dunlop Rubber

20/3

Texas Corpik

337.

Elec Bond & Share

Bristol Aeroplane

9/101

Texes Gulf Sulphur

331

December

January

March

May

20.00/00 20.00b

19.06b/70a 10.52b

20.10b/25a 20.39/39 tinquated unquoted

19.97b 19.81/61 unquoted 19.84b

.39 up Imperial Chemical Ind. 27/9

Elec. Bond & Share $5 pt.

644*

Timken-Axle ....

291

United Steel

Elec Bond & Share $8 på. 73

19/11

Trans-America Co.

31 up

Woolworths *******

57/13

Elec. Power & Light $7 pf.

20th Cent. Fox!..

.32 up

Marsman Investments

7/6

Flintkote

Union Bag & Paper Corp. 12

Gen. American" Trans.

483*

Western Holdings

Union Carbide & Carbon .744

CHICAGO

December

May

T Total sales:-280 tons.

WHEAT..

Gen. Electric

344

Sub-Nigel

160

Union Pacific

Gen. Motors

491.

hell Trans. & Trad.

United Aircraft

39*

851/85 851/851. 841/841 841/841

86/801 +65/847

(bearer)

30/3

Gen. Railway Bignal

154

United Airlines Trans ...

181

up Nat Defence Bonds, 3%

1011

Gen. Tire & Rubber

111

United Corpn. -

Wednesday's sales:-11,482,000 bushels.

CHICAGO CORN

London Midlands-Scot-

Glidden Co.

144*

United Corpn. $3 eum pf. 337

tish. 3%

123

Goodrich (B.F.)

United Gas Corpn.

December

May

591/591" 607/61

501/591- 61/61

601/61- -62/02/

üp

Great Western Rall-

way, 3%

Goodrich $5 pl.

United Gas Improvement

11:

32+

Goodyear Tire & Co.

154

U.S., Industrual Alcohol.

24...

Great Northern Iron Ore ..

1 up Nat Bank of India,

U.S. Rubber

214

WINNIPEG WHEAT

Great Northern Rly, píd.

281

UA. Rubber $8 prá.

78+

Great Western Sugar

195

Interest Rates ou Application.

U.S. Smelting

October

7016

701/701 702/702

✰ up

Greyhound Corpn.

111

Lyons Sourabaya

Swato

Haiphong "(Johore) Tisntein"

New York Tsingtao

Uoilo Peiping Yokohama

l'enang

MADRAS

MANTEA

MIDAN

NEW YORK PRIPING

(Peking)

YUKOHAM

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT A000 opened and FIXED DEPOSITceived-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 opened in interest allowed at rates obtainable LOCAL CURRENOY and FIXED DEPOSIT|99 application. received for one year or shorter The Bank's Head Office in London: pericds in Local and other Cur-undertakes Executor and Trustee cencies on terms which will be business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained a any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

quoted on application.

ALSO up to date Sara DEPOSIT Boxes in various sizes To L 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 & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief-Manager- Hong Kong. 28th Feb. 1932.

THE CHASE BANK

18, QUEEN'S ROAD, CENTRA¡

HEAD OFFICE:

18, PINE STREIT,

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

BANK OF EAST ASIA,

· LIMITED

Authorised Capital.....$10,000,000.00- Paid-Up Capital 6,508,600.0 Reserve and Undivided

Profits

.....2,853,281.60

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

Board of Directora:

SIR SHOPSON Crow, Chairman Li Soon Chan, Baq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Cha Son, B. Wong Tan Tang, Esq. Han Ying. To Rod Chan Ching Shok, Esq. Fang Ping Wah. KAN TONG Po, Esq, Chief Manäger LI TE Fond, Esq., Manager

Branches and Agencies:--

Amby..

Barabay

Valentia

Pensar Bogaporn Loudes Bangdom Bours days Manila

COLOMBO

DL1

HAIPHONG

HAMBURG HANKUW

D.8. Steel

SAFE DEPOSIT BOXES

NEW YORK HIDES

December ........

March

12.20b/25a 12,15b/45a 12.20/20 11.87/87 11.85b/12.00a 11.85/65

NY-Official Silver.......

34-3/4"

34-3/4 4.03-1/4

Total sales for the day-102 contracts.

NY-Loudon Cross Rate 4.03-3/4

WEEKLY RETURNS "AND REPORTS

BANK OF ENGLAND

RESERVE BANK OF

INDIA STATEMENT

Calcutta, Oct 17 (Reutes).

Notes, in circulation

held in the Bank-

Sept. 27 Oct. 11.

ing Department)... 25,815 25,679

Hercules Powder. Co.

751

Vanadium

343

Homestake Mining

Vultee Aircraft.

unch ..02

Int Nickel

Walworth Co.

Inter, Paper & Power

151

Warner Bros, Pict.

Int, Tel. & Tel

Westinghouse Elec.

1071

Kennecott Copper

311

Woodward Iron Cor.

(including Notes

Lakey Foundry & Mac. Libbey-Owens-Ford Glass 43 Lockheed Aircraft.

287.·

Chase National Bank National City Bank

32*

274

LONDON, Oct. 17 (Reuter),

Public Deposita

Oct. 10 £

Oct 17 &

19,090

10,850

Rupee Cotn and Bul-

lon in India Gold Coin and Bul- Hon in India ... Becurities (Indian

3,292 3,128

1940

4.441. 4,441

Governan

Other Deposita:-

Bankers

Other Accounts Total

Government)

4,981*

4,981

115,300

108,150

Bigh Low Dow Jones Averages 152.80.111.84 20 Industrials

Rails 39.67 23.18.20 26.43 18.03 20: Utilities

Oct. 16, 131.97

98.71

Subscribed Capital.... Paid-up

29 19

Securities (British

13.up...

Reserve Fund and Rest

51,970

$2,240

167,270

161,300

Becurities

146,230

139,000

Government) ....... 13,150 13,150 (Figures in Lakhs of Rupees).

90.61 83.06 40 Bonds

"90.13

6107 4874 11 Commodity Index

5$.95

80.13 66.36

.19 up .41 ap

BANKERS:

The Bank of England and Midland

Business Done:-660,000 shares.

Other

Discounts and Advances

6,610

Securities

91,700

5.390 21,500

Total

Notes and

Total Bullion

28,310

Coins

29:470

26,890 32,500

Satan Kuantan

Handy

810

680

Notes in circulation

Ratio of Réserve to. Liabilities

∙Frice_of_Oold at which holdings are valued.

FEDERAL RESERVE SYSTEM

$97,720 .18.18%

188

601.340

Bank, Ltd.

NCHES:

Bangkok

Spol

Bombay

Oulantia

How York

Gelombo

Penang

Karachi

Rangoon

Kota Bharu

Basega

Bimi

15.81%

__158/--

∙DOW JONES AVERAGE

Oct. 18, 1940. High Low Close Change 132.84 131.20 132.49 02 up 28.89 28.84 28.8009 up 22.37 21,83 22:32

This Bank is entirely owned by

THE QUARE · National "BANT New York, with Besources of or

U..$2,900,000,000. ›

D. M. BIGGAR,

Second Vice Pre】

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office:-15, Gracechurch Street,

London, ECJ

Authorized Capital, ......

£3,000,000

£1,800,000

£1,060,000 £1,254,035

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

Current Accounts opened in Looal Currency and Fixed Deposita re- ceived for one year or shorter periods in Local and Foreign"Cur- rencies on terms which will be

noted on application, 1

Bart LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

Kobe

Balgon Melbourne Jan Fra

Hwillow

Sydney

Haiphong

Anexantes

Hakow Hodolala -

How York Faatile

Paris Poiping

also Bemaeang Shanghai

Tantolus

conver

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Bervices for Cargo and Passengers

NEW YORK; Oct 17 (Reuter).

Oct. 10

(000's Omitted).

Oct. 17.

TO-

-US. Securities held

2,399,000

· Federal · Reserve Ratio

80.85%

Federal Reserve Credit Outstanding

2,445,000

Monetary Gold Stock

21,349,000

8,400,000

2.384.000 89.74% 2,481,000 21,373,000 8,325,000

Industrial -- Advances

BROKERS

LOANS

New York Oct. 17 (Reuter). Laan on securities to brokers in

New York:

Week-ended

Oct. 10 -$288,000,000

Week-endéd

Oct, 17 ($307,000,000

LONDON GOLD-

London, Oct 17 (Reuter). Bar Gold, Fine per or, 168/

LONDON METALS

EXCHANGE

London, Oct. 17 (Reuter). Tin. Standard, Cash, Middie Price, £258-3/8

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

rice.

Market steady but quiet with little interest here and in the

SWATOW, SHANGHAI, TSINGTAU, CHEFOO.

and TIENTSIN

KOBE and OSAKA"

SINGAPORE, PENANG and CALCUTTA

BANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the Franch Concesion st Shanghai, where passenger and cargo are lauded.

For further particulars

plesse apply to

DINE

United States, apart from small DE ZOJE

Buying of nears,

NAGERS

Delhi

Hongkong

Kuala Liple

Kanda Trwa JEZI Vudent

Howrah, Kaala Lampar, Aimanpora

HONG KONG BRANCH:

| Every "discription of Banking and Exchange

| busźnie transected, RA

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

BANK OF CHINA

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

BANK

FAIDUP CAPITAL $40,000,000.00 (BRANCHES, ALL OVER" CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of CURRENT ACCOUNTB opened in Lou? Cur. Penny and PILBY, DEPOSITS wired in Local, the World, we are able to extend Carroney & STERLING pa terme that may be to our Clients special facilities for ascertalved on spilleation........

Domestic and Foreign Banking sad Venager Lixobange, en

D. BENSON..

What do

you want ?

I there anything you want to buy or well, try

Stuall Classified advertise-

ment in the HOẠT

kong Dally Press. ⠀⠀⠀

25 words $1.50 prepaid

for 3 insertions.

Head Office: SHANGHAI

Hong Kong Branch,

4, QUEEN'S BOAD, C South China Offices

LANTON SWATOWI

KONGMOON TOISHANE

SHIUCHOWKINGCHOW

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

1940-10-19 — Page 10

Comments

Private Research Note