1940-10-22 — Page 10

On Japan:-

On demand

On India:--

Previous October 19

Close Opening Closing Change Buyers Buyers 38-3/8 38-1/4 38-1/8 36-1/8 36

36-1/8 34-1/4

34-1/8 34-1/8

On demand

On Paris:-

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

SPOT

NOVEMBER

On Saigon:-

DECEMBER

On demand

98 1/2

JAN. MAR.

On Manila:-

On demand

......... 45 1/4

On Bangkok:-*-

buyers

Previous close Today's close

buyers

PAGE 10-HONGKONG" DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

OCTOBER 21, 1940.

On London:-

Telegraphic Transfër. 1/2 7/8 Bank Billa, on demand 1/27/R Credits 4 months' sight 1/31/2

On Shanghai Z

On demand

On Singapore:-

On demand

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & COJ

385

52 3/4

NEW YORK. Oct. 19, 1940.

106

SINGAPORE RUBBER

*}82 1/2

S POT

JAN.-MAR.

APR.-JUNE

Telegraphic Transfer.

and demand

On New York:----

Bank Bills, on demand 22 5/8

Credits, 60 days' sight 23 1/2

Ou Batavia :—.

49 1/4

The market was steady but qufet. LONDON RUBBER

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

OCTOBER 20, 1940-

STOCKS

Last Bale

STOCKS

Last Sale

Oct. 19

Oct. 19

Adams Express

5+

Loew's Inc.

-271

Alleghany Steel Co.

23}

Loft Incorperated

221

Alis Chalmers

38)

Mack Truck Inc,

27

Aluminium Ltd.

73*

Martin, Glen L

312

Amer. Can

941

McKesson & Robbins, píd, 274.

American Cyanamid B.

381

Montgomery Ward

418

Amer. & Foreign Power ...

1

M'tain City Copper Co.

..3*

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

Deputy Chairman.

Amer & Foreign $7 pt.

15

National Aviation

103

Amer. Locomotive

15+

Nat Dairy Products

131

off 1/4

unch.

Amer. Metals Co.

181*

National Distillers

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

203*

Hon Mr. S. H. Dodwell,

Amer, Radiator ·

71.

National Lead .....

171

. Miskin, Esq.,

of 1/8

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

12)

Nat, Power & Light

77

K. 8. Morrison, Esq.,

TUESDAY, OCTOBER 22 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

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

INDIA, AUSTRALIA AND CHINA

||

Fully Faid-Up $20,000,000 | Rcorporated by Royal Charter, 188@ Reserve Funds:

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

Reserva Fund ...... Reserve Liability of

Sterling

Proprietors...

£-8,500,000

$20,000,000

Head Office:-HONG KONG

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

prietors

£3,000,000

£3,000,000

......£3,000,000

HEAD OFFICE: LONDON:

38, Bishopsgate E.:S

Sub-Agencies In London: 117/12, Leadenhall Street, E.0"

"West End Branch: 14/16, Cockspur Street, B.W1 Manchester Branch:

62, Mosley Street, Manchester, 1 AGENCIES AND BRANCHES

HAKKIN

PENAXO HONG KONG KANGOO

ALOR STAR

AMBITSAR BANGKOK

***

Amer. 'ting and Ring Co.

421

National Supply Corp.

Hon. Mr. T. E. Pearce,

BATAVIA

Amer. Sugar Renning

13*

New York Cantani

141

C. O. Roberts, Esq.,

BOMBAY

ILOILO IFOR KABACH)

BAIGON

BEREMBAN

BHANGHAI

Change

Amer. Tel & Tel

1657

11-11/16

Amer. Tobacco "B"

74

11-3/4

Market closed."

Amer. Waterworks ...

9

Niagara Hudson Power |N. Apherican Aviation

North American Co...

41

171

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

GALOUTTA

AGENCIES: OLAVE STRATT

201

Chief Manager. FAILI PLACK

KLANO

KOE EVALI

SINGAPORE".

SITIAWAN

BOUZABAYA

11-3/4.

Anaconda Copper..

23

Northern Pacine

..7

11-3/4"

Atchison, T. & S. Fe.

18

Owens-Illinois Glass Co.

551

Branches:

(REUTER'S SERVICE)

Prev. Today's 9.52 9.48 9.49 20.26 20.22 20.31 86 851 85) 604 12.99

i

Close

Dec. (New contract) 9.49/49· January (1941) ( .) 9.40 N March

) 9.46/47 May

3.) 9.37/37 (..) (

9.18/18

Opening 9.51/52 9.40b,/44a

9.48/48

601 · 601 12.87 · 12.62

Closing

0.48/45 9.400 9.48/48

9.39/39

9.36/38

9.20/20

9.17/17

Oct. Spot

{

..) 8.73 N 9.58. N

8.76/76

8.76 N

9.570

20.31/31 20.25/22 20.10b

20.236

}

19.90/90

unfructed 20.10b 19.85/85

19.90/90

19.70/67"

19.69/69

(1941)

854/851 -851/85 841/847 ·947/841

851/854 841/84)

J

(1941)

801/601 611/613

600/601

602/001

617/617

61/611

WINNIPEG WHEAT October NEW YORK HIDES

7016

70/701

12.85/86 12.52/56

unquoted

4.03

£

Opening 0/3-11/18 5-5/8-

War Loan. 31% (Red,

after 1952) Canton-Kloon" Rly. 5% B

1021

23-7/8

Chinese 41% Gold Loan

20-3/8 N

1898 (Brit. Issue).......

30

24-1/2

Chinese 5% Gold Bonds.

1925-47

Ger. 7% Intl. Loan, 1924 51 Chartered Bank ............ 01 H.K. & S'hai Bank (Lan

Reg.).....

60

35

HK & 8'hal Bank (Col.

Chin, 41% Anglo-French

Reg)

67

Spot

.Oct.

Nov

Opening Closing 0/3-51/64 0/3-51/64 Q/3-51/640/3-51-64- 0/3-25/32 0/3-25/32 U.S. Dollars

Loan, 1908

44

Chinese 5% Crisp Loan.

Chinese Eng. & Mining

(bearer)

14/-

Spot

Deti

Nor

1912 Chinese 5% Reorg. Loan. 1913 (Ldn. Is.) .......... Chinese 8% Ster, Notek

1925 (Vickers) Chin Imperial Rly. 5%

Loan Honan Rly, 5% Aukuang Rly 5%, 1911...

(LP. N/Y Issue) Hukuang Rly, 5%, 1911

German- Issue)...... Lung Taing & U. Hal

12

Chosen Corporation

4/-

Pekin Syndicate......

2/m

18

B'hai Elec. Constr. Co.

15/-

$5-13/16 $5-27/32 5-13/18 5-27/32 5-13/18 5-13/16 Market. Very quiet

STANDARD VACUUM CLOSING BRANCH CHUNGKING, Oct. 21 (Central)

-A Shanghaj dispatch states that Rly. 5% 1913..... owing to Japan's strict control | S'hal-N'King Rly. 5% over" petroleum in North China. Tientsin-Pukow Rly, 5% the Standard-Vacuum' Oil Co. In Brit, Stpd.) Tientsin has decided to wind up Tientsin-Pukow Aly, 5% its business

German stud:) Tientsin-Pukow Rly. 5%

(Brit. Stpd. Supl. Loon). Tientsin-Pukow Rly. 5%

+-

The Chinese · staff members have been paid off and the American staff members have ar- rived in Shanghai ready to return to America

Ger. Stpd. Supl, Loan) 8 Jap. 5% Bter. Loan, 1924

bearery... *... Nat Defence Bonds, 3% 1013 London-Midlands-Boot-

tish. 8%

Great Western Rail-

way, 3%.

Nat Bank of India, 8%

B'hal Waterworks "A"

13

TO-

Union Insurance

20

Chula Kalimpong Rubber 13/9 B-A, Tub, (bearer)......

82/6

10

Mercantile Bank

101

Dunlop Rubber

30/3

12

Bristol Aeroplane

9/10

Imperial Chemical Ind. 27/8

United Steel".

--10/1

Woolworths

57/14

B

Maramat. Investments

6/104

13

Western Holdinga

8/9

Sub-Nigel

160

Shell Trans. & Trad..

For further particulars

36/3

plouse apply tomm

On demand ...rong..........: 109 1/2

On Sterling Notes:-

Bank Buying, Rate

Bar Silver per c.

Market Report

Nom

93 7/10

FROM ROZA BROS,,

Monday, Oct. 21.

unchanged

Silver prices were

over the week-end, the quota-

APRIL-JUNE

11-5/8

NEW YORK COTTON: There was a slight increase in hedging.

but prices are steady" and the market acts well. NEW YORK HIDES: It is reported that the Government is ac-

quiring stocks of hides against future emergency. NEW YORK STOCKS: Previous close, 132.45: Today's close., 132.18;

Change, off 27.

+

NEW YORK COMMODITY MARKET

tions remaining at 23.7/16 for New York Colton, Dec..... Ready and 23.3/8 for Forward. New York Rubber, Dec. ....... American Silver was unquoted.

Chicago Wheat./Dec.

The London/New York Cross-Chicago Corn, Dec. rate was quoted at 402.1/2. New New York Hides, Dec. York London was quoted at 403.

NEW YORK COTTON

MARKET

..... STERLING

There were sellers at 1/2.31/32 October/December, buyers at 1/3 July for Cash

C. 8. DOLLARS

Some business was done early Tatal sales Friday: 85,600 bades. in the morning at 21/16 for

NEW YORK RUBBER. Cash. The market closed at 1 p.m. with sellers at 23 for rear December and 23.1/18 December, buyers, at January (1941).

March. 23.1/8 for Caslı

May

SHANGHAI DOLLARS Business was done early in the morning at 392.1/2 and later at 393.1/4. The market closed with sellers at 393.1/4: buyers at 394.

SHANGHAI MARKET Sterling sellers for Spot at 3.51)

} (

19.77b Totals sales:-220 tons. CHICAGO WHEAT December May

Friday's Sales:-9,354,000 bushels.. CHICAGO CORN

6. U.S. Dollars, the market open- "ecember

ed with sellers" at

5.27/32 for May Spot and towards the close the market was a shade easier" with sellers at 5.13/16 for Spot,

AFTERNOON MARKET The market afternoon.

al

was 'dull in the December

March (1941)

STERLING

་

The market closed with sellers 1/2.31/32 October/December, buyers at 1/3 for Cash.

U, S. DOLLARS

The market closed with sellers at 23 for Cash and 23.1/18 Decem- ber, buyers at 23.1/8 for Cash,

SHANGHAI DOLLARS Sellers at: 393.1/4 for Spot,

SHANGHAI MARKET Bellers of Sterling for Spot at 3.5/64 and US. Dollars at 5.13/18 for Spot,

Shanghai Exchange

Official T.T. Rates

London New York

Japan

India

Hongkong

1

Sterling

*Sellers

12.62/62 12.07/67 - 12.23b/35a, 12.38/37 Total sales for the day:--159 contracts. y-official Silver ...... 34-3/4 NY-London "cross Rate 1.03

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Oct. 18.

-400 Lives Lost In Bombay Cyclone

LONDON, Oct. 21 (Reuter)-It is now feared that between 300 and

which struck Bombay and district early last week, it was stated by

The following quotations are the 400 lives were lost in the cyclone middle prices at the clone of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.

Delhi radio yesterday.

Material damage is estimated at about £370,000..

Bendix Aviation

1940

DOW JONES AVERAGE

High Low Dow Jones Averages 162.80 111.84.30 Industriala

3267 22.10 20 Rails

Utilities Bonds 84.07 48.74 11 Commodity Index

26.45 18.03 20

90.81 83.06 40

Oct. 18,

132.46

2:08

22 33

Oct. 20, 1940. High Low Close 182.58 131.03 132,18 28.93 28.85 28.89 12.35 12.18

Change

07 of

22.20

13 off

90.21

** 90,17

.01 off

55.33

65.41 .03 up

Business Done:--220,000 shares

"Aviation Corp.

Pacific Gas & Elec

29*

Amoy

Johere

Baldwin Lecometive

16

Packard Motors

16

Bangkok

Kobe

Baltimore & Ohio

41"

Pan-American, Airways

151

Batavia

Kowloon

17 1 A

Barber Asphalt Co. Barnsdall O

101*

Paramount Pictures

84

Bombay

Kuala

Rangoon Saigon San

Franciaco

Calcutta

Pennsylvania R.R.

23+

Lumper Shanghai

Canton

London

302

Philadelphia Read Coal

Chefoo

Lyons

Bethlehem Steel

801

Philips. Petroleum

344

Colombo

Malacca

.

Bliss Co.

143*

Public Service of N.J.

321*

Dairen

Manita

Singapore Sourabaya Sungei

Patani

Boeing Airplane Co.

15%

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

254

Foochow Muar

Borg-Warner

184

Pure Oll

62

Briggs Mig

22

Radio Corpn, of Am,

41

Budd M'facturing Corp.

41-

Reading Company,

Com

14

Bankow Isrbin

floilo

Canadian Pacific R'way

31

Remington Arms” Co., Inc.

· 54"

Case, J.I..

55

Republic Aviation Corp.

51

[pob

Penang

Celanese

291

Republic Steel

183

9.48 .01 off 20.28.03 of

.851 603 12.85

Chesapeake & Ohio

41

Revere Corp.

11*

Chrysler Corpn.'

80)

Reynold Tobac. "B"

35

up

unch.

1 off 23 up Change

.01 of unch.

Columbia Gas & Elec.

Commercial Credit Co. Coz, & Southern (Ord.) Consalidated Edison Consolidated Of Continental Can

Continental Oil

57

Safeway Stores

431

314

Schenley Distillers

91

11

Sears Roebuck

780

26

}

Shell Union Of

$1

51

Socony-Vacunum on

387

Southern Pacific

81

17

Southern Rly $5 pfd.

217

.01 of

Copperveld Steel

197

Spicer Manufacturing Co. 324*

.01 off

Curtiss Wright (C.)

77

Standard Brands

01

Swatow

Haiphong (Johore) Tientsin

Makden Tokyo New York Tsingtao

Yokobama Peiping

DELI HAIPHONG.

HAMBDEG BANKOW

LUMPUR KUCHING MAD BAS MANILA S MIDAN NEW YORK PRIPINO

(Peking)

L

TONGKAN

(Bhuket) TSINGTAO KOKOHAMA

FORE ON EXCHANGE and General Backing Business transacted...

CURRENT Accours opened and FIXED DEPOSIT received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUxrs also opened in Local Currency and Sterling with

CURRENT ACCOUNTS opened in interest allowed, at rates obtainable LOCAL CURRENCY and Fixo Durosits) on application... received for one year or shorter The Bank's Head Office in London periods in Local and other Our 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 SAT DEPOSIT terms which may be ascertained at Boxes in various sizes To Lat.

any of the Agencies and Branches. |Hong Kong, 28th February, 1940,

R. A. CAMIDGE,

Manager.

HONGKONG SAVINGS

BANK

CANTON CAWNPORN CIBU COCOMBO

TAIPING

TIENTSIN

.03 up

Curtiss Wright "A"

28

Stand Gas & Elec.

14

01 off

Deere & Co......

21

Standard Oil of California · 173

The "Business of the above Banki

Distliers Corpn. Seegrams

17

Standard-Off-of~~N~;

Douglas Aircraft

82

Stone & Webster

31

Du Pont de Nemours

1714

Studebaker Com

8

.03 off

Eagle Picher Lead

Swift International.

181*

unch.

Eaton Mfg. Co.

341

Technicolor

87

unch.

Elec. Autolite

38

Texas Corp.

34

.08 off

Elec Bond & Share

51

Texes Gulf Sulphur

33*

Elec. Bond & Share $5 pt.

84"

Timken-Axle

20

Elec. Bond & Share $8 pf.

73

Trans-America Co.

i up

Elec. Power & Light $7 pt. Mintkote

391

20th Cent. Foz

· 17′′

.....

Union Bag & Paper Corp. 12

unch.

Gen. American Trans. ......

491

Union Carbide & Carbon

73

Gen: Electric

-341

Union Pacific

834

Gen. 'Motors ....

497

United Aircraft

391

A off

Gen Railway Signal

16*

| United Airlines Trans......

181

1. aff

Gen. Tire & Rubber

117*

United Corpn.

2

Glidden Co,

14*

United Corpn. $3 cum pt. 331

Goodrich (B.F

121

United Gas Corpn........

14

1 up

Goodrich $5 pf.

58*

United Gas Improvement - 11

Goodyear Tire & Co.

151

U.S., Industrual Alcohol.

22*

***

Great Northern Iron Ore ..

142

Us. Rubber

21

up

Great Northern Rly, pid,

277

US. Rubber $8 pfd,

781

up

Great Western Sugar

19%

U.S. Smelting

603*

Greyhound Corpn.

U.S. Steet

611

Hercules Powder Co

76*

Vanadium

337

Homestake Mining

47

Vultee Aircraft

81*

Int Nickel

201

| Walworth Co.

47

Inter. Paper & Power Int. Tel, & Tel

141

Warner Bros. Pict.

21

27

Westinghouse Elec.

107

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

31

Woodward Iron Cor.

304

41

Glass

43

Chase National Bank National City Bank

29:

HARDINE MATHESON&Co.,LT TELEPHONE KOSILIGENERAL MANAGERS

7 off

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

For the HONGKONG & SHANGHAI BANKING CORPORATION,

V. M. GRAYBURN,

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

THE CHASE BANK

J

18, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

BANK OF EAST ASIA, LIMITED

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

Profite

5,599,900.00

.....2,993,281.M

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

Board of Directors:

SIR SHOPSON Quow, Chairman "Koon Uhun, Eng

Li Lan Sang, Esq. Wong Chu Son, Bag,

P. K. Kwok, Baq.

Wong Tun Tong, Esq. Kan ing Po, Fag.

Chas Ching Shek, Esq. Pung Flog Wah Esq

NEW YORKKAN TONG PO, ESQ., Chief Manager An American Bank offering com. Li Taz Foxo, Esq., Manager

plete Foreign Banking Service

in the principal Markets of the Branches and Agencïes:;--

This Bank is entirely owned by Bober

Tur CHASE. National Bank. NEW YORK, with Betonzóes of Gra|| 07.8.$2,900,000,000,

Melbourne

Bagaca

PRADE

Slagspore Rangoon Sourabaya Balgon Swatow

Ban Fran. Sydney

New York Benizle

Parla

Pelping

cleo Tint

Semarang Shanghai

Every description of Banking and Exchange business transacted. Loans D. M. BIGGAR,

granted on approved securities.

Current Accounts opened in Local Second Vice Pre Currency and Fixed Deposite re

A Job

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA.

SINGAPORE, PENANG and CALCUTTA

BANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession at

Shanghai, where passengers and cargo are inaded.)

ceived for one year or shorter perioda in Local and Foreign Chr rencier on terms which will be

oted on application.

SAFE DEPOSIr Boxes To LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

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 extenu so our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office:-SHANGHAI: Hong Kong Branchh

4, QUEEN'S ROAD, C.

-South China Offices

CANTON

[SWATOW

KONGMOON TUISHAN

6HLUCHOW SKINGCHOW!

We also handle the issue of Bonda and other Publis Eunds of the Chinees Government both at Home, and Abroad.50 AZN

SHOU J. CHEN, DES

Manager.

world...

Interest Rates on Application.

SAFE DEPOSIT BOXES

Acry Batavia Bombay Haiphong

KO'To

Loudes

Manila

Hankow

Benotatų