1940-10-26 — Page 10

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Adams Express

Alleghany Steel Co.

Aills Chalmers

385

Aluminium Ltd,

Amer. Can

52 3/4"

American Cyanamid B

Amer. & Foreign Power

100

Amer Foreign $7 pf:

On India-

Telegraphic Transfer. 189 1/3

and demand

On New York:-

umer. Metals Co.

mer. Locomotive

Amer. Radiator ...

Amer. Rolling Mil

Bank Bills, on demand 29 3/4 Credlis. 60 days' sight 23 5/8,

Amer. S'ting and R'ing Co.

Change

Amer, Sugar Refining

On Batavia:-

imer. Tel, & Tel.

On demand

42 3/8

Amer. Tobacco ·"B"

In Paris:-

Bank Bulls, on demand Nom. Credits 4 months' aight Nom.

Amer. Waterworks

Anaconda Copper

Atchison, T. &·3, Fe,

9.60/60

Openinz 9.81/61

9.58/59

"NEW YORK COTTON: There has been an increase-in-the-moves-

ment of the crop in the" South-East. but an

spot sales is reported. The market today ruled quiet but steady. NEW YORK RUBBER: Prices were lower in sympathy with the

easiness of securities.

CHICAGO WHEAT: There was not much change in the tight cash situation, but the market at the moment shows signs of hesita- tion.

NEW YORK STOCKS: Previous close, 132.40; Today's close, 131,36:

Change of 1.04%

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE).

New York Colton, Dec. New York Rubber, Dec. Chicago Wheat, Dec, Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON Dec. (New contract)". January March

0,51 N ...... 9.58:58

In Bangkok:-

On demand

In Sterling Notes:-

In Saigon:

On-demand-

Aviation Corp.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

1116

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET' REVIEW

(FROM PAYNE & CO.)

NEW YORK, October. 24, 1940.

MONEY AND EXCHANGE

CLOSING QUOTATIONS

OCTOBER 25, 1940.

On London:-

Telegraphic Transfer. 1971- Bank Bills, on demadd 1/2 7/8 Credits 4 months" sight | 31/2 On Shanghai-

On demand

On Singapore:-

On demand

SINGAPORE RUBBER

ЗРОТ

JAN.-MAR.

APR.-JUNE

Previous October 24

Close Opening Closing Buyers Buyers 38-5/8 38-5/8 35-3/4 36-3/4 34-5/8 35-5/8

On Japan:-

Change

On demand

.38-5/8 36-1/2 34-1/2

unch.

off 1:4

off 1.8

The market was very quiet. LONDON RUBBER

. .

Previous close Today's close

buyers

SPOT

11-7/8

NOVEMBER

11-7/8

DECEMBER

TAN.-MAR

11-15/16 12

Unreceived

APRIL-JUNE

11-7/8"

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICË)”

OCTOBER 25, 1940,

SATURDAY, OCTOBER 26, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital....... $30,000,000

INDIA, AUSTRÀLIA·

"AND CHINA-

Issued & Fully Paid-Up 820,000,000 incorporated by Royal Charter, 1833

Reserve Funds:

Paid-Up Capital £6,500,000 Reserve Fund

Head Office: HONG KONG

Chairman.

Hon. Mr. J. J. Paterson,

Deputy Chairman.

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

Hon. Mr. 8. H. Dodwell, . U. Miskin Esq.,

Hon. Mr. T. E. Pearce,

38, Bishopsgate E.0.2. Sub-Agencies In London: 117/19, Leadenhall Street, E.C.3 West End Branch: 14/18, Cockapur Street, S.WI Manchester Branch:

35, Mosley Street, Manchester, S.

AGENCIES AND BRANCHES.

KARDIN BONG KONG BANGOON ILOILO

ТРОН

ALOE BTAB AMRITSAR BANGKOK BATAVIA BOMBAY CALOUTTA

ÜLITE SPERST

thief Manager. FARE PLACE KUALA

CANTON

LUMPUR CAWNPORN KUCHING

...£3,000,000

Sterling

Reserve Liability of

Last Sale

STOCKS

Last Sale

Proprietors

$90,000,000

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

priaters........

.::£5,000,000

Oct, 24

Oct.. 24

...£3,000,000 HEAD OFFICE: LONDON:

Loew's Inc.

201

231

Loft Incorperated

211

361

Mack Truck Inc.

273

Board of Directors:

801

Martin, Glen I.

303

H. V Wilkinson, Esq,,

937+

McKesson & Robbins, pfd.

271

254

Montgomery Ward

Mtain City Copper Co..

32.

151"

National Aviation

101

Nat, Dalry Producta

134

National Distillers

201

PENANG

National Lead

#174

13+

Nat, Power & Light

K. S. Morrison, Esq.,

42)

National Supply Corp.

New York Cential

141

C. C. Roberta, Esq.,

1627

|Niagara · Hudson Power

731

N. American Aviation

163

Hon. Mr. A L Shield, Sir Vandeleur M. Crayburn,

North American Co.

191

Northern Pactác

163

Owens-Illinois Glass 'Co."...

53+

Pacific Gas & Elec.

283

Amoy

“Baldwin “Lecomïètive”

-187

"Packard Motors

-3-

Bangkok

improvement in

7. Manila:--

On demand

Baltimore & Onio

Branches: Jobure Rangoon Kobe

SIRUI Batavia Kowl San

SAIGUN

ЗЕЛЕНАЯ

TABACH 1 KLANG

SHANODAL

SINGAPUR

AGENCIES: KORT

SITIAWAN

SOURABAYA

TAIPING

TIENTRIN

CHEWS TJ „COLOMBO -DELET

MADRAA

MANILA

| Pan-American Airways

HAIPHONG

NEW YORK

TONGEAR

(Bhuket)

-THINOTAU

ZUKOHAMA

45 1/2

Bombay

Kunla

་

Francisco

-Barber Asphalt Co.

Paramount Pictures

Calcutta Lumpur Shanghai

Barnsdall on

Pennsylvania R.R.

234

1491/2

Canton

Bendix Aviation

Philadelphia Read, Coal

Chefoo

Bank Buying Rate.... Now. Bar Silver per oz.

Bethlehem Steel

Phillips Petroleum

382

Colom

London Singapore Lyons Sourabaya Malacca Sungei

Buss & Co.

Public Service of N.J.

321

Dairen

Manila

Patani

23 1/2

*Teing Airplane Co, ...............

152

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

261

Foochow

Muar

Swatow

Jory-Warner ̧.

191

Pure Oll

Haiphong

(Johore)

Tientsin

Shanghai Exchange

Shanghai. Oct." 25. (Reuter},

Ufficial T.T. Rates

Briggs Mig

Radio Corpo, of Am

Bankuw

Mukden

Tokyo

Harbin

New York

Budd M'facturing" Corp.

Reading Company, Com

151

Iloilo

Peiping

Tsingtao Yokohama

Canadian Pacific R'way 5..

Remington Arms Co., Inc.

Ipob

l'euang

Case, J.L

551

Republic Aviation Corp.

Celanese

Republic Steel

19+

Prev. Today's 9.63

9.80 9.60

9 60 30.45 20.35 20.40 20,35

36 877 637 321

unch.

Londo New York

Opening 0/3-11:16

Chesapeake & Ohio

Revere Corp.

Chrysler Corpo.

811

Reynold Tabac. "B"

347

5-5/8

Columbla Gas & Mec.

Safeway Stores

434

.05 off

Japan

871

aer

1 off

821

621

India Hongkong

23-7/8 20-3/8 N 24-1/2

Commercial Credit Co.

314

Schenley Distillera

101

Com, & Southern (Ord.)

Sears Roebuck

782.

Consolidated Edison

251

Shell Unlon Off

12.85 12.16 12.88 12.46

.42 off

Sterling

Consolidated Oll

Socony-VacunumTM O]].

Closing

Change

Rellera

9.60/60 9.50n

unch.

.01 off

9.56/57

.02 "off

Spot Oct.

May

July

Oct.

9.48/48

3.48/48

9.48/45

.02 off

Nov.

9.30/30

9.31/31

9.29/29

01 of

}

Sput

Total sales Wednesday:-128.000 bales.

8.90 N 9.65 N

8.91/91

8.87/87

.03 off

Spot

9.65n

unch.

Oct,

5-7/8

Closing Opening 0/3-13/16 0/3-53/64 0/3-13/16 0/3-53/64 0/3-13/16 0/3-13/18

U.S. Dollars

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

"5-29/32

Continental Can

Continental Of

Copperweld Steel Curtiss Wright (C.)

384

Southern Paclic

'172

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

211

191

Spicer Manufacturing Co.

321*

Standard Brands

Curtiss Wright. "A"

274

Stand Gas & Elec.......

IA*

Deere & Co.

201

Standard Oil of California

171

Distillers Corpn. Beagrams

171

Standard Oll of" NJ;

Douglas Aircraft

361

Stone & Webster

Du Pont de Nemours

160

Studebaker Com.

Nov.

5-7/8

* 5-7/8 %

Eagle Piche 'Lead"

Swift International

Market: Quiet,

NEW YORK

December

January

March

May

RUBBER

Eaton Mfg. Co.

Technicolor

20.40/40

20.20b 20.02b 19.88/88

20.35b/45a 20.20b 20.02b/08a 19.80b/92a

20.35/36 20.15b 19.06/99 19.84b

,05 off

Elec, Autolite

361

Texas Corpn.

341

* .04 of

Total sales:-560 tons.

WINNIPEG" WHEAT

34-3/4

CHICAGO WHEAT

December".

871/873

871/872

May

86/85)

857/853

861/881 85/85)

1 or

% of

Wednesday's sales:-11,600,000 bushels.

CHICAGO CORN

December

May

621/627 621/624 631/631

623/623

631/634

630/631

A up unch.

October NEW YORK HIDES

70%b

701/701

701b

off

December.

12.88/88

March

12.43/43

12.82/72 12.46/48 12.30/28 12:70/10

42 D 30 off

34-3/4 4.03

Total sales for the day:--359 lots.

NY Official Silver

NY-London Cross Rate 4.02-3/4

"LONDON STOCK, LONDON

EXCHANGE

(REUTER'S SERVICE)

London, Oct. 24.

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.

102-13/18

METALS

EXCHANGE London, Det, 24 (Reuter).

Tin, Standard, Cash, Price, £258-1/8.

Tin, Standard, 3 months. Micdile Price, £280-3/8..

(Ger.Stpd. Supl, Loan) 8 Jap." 6% Ster. Logn, 1924 Ger] 7% Intl. Loan, 1924 Chartered Bank......... HK. S'ha! Bank (Ldn.

Reg.)

Calcutta Exchange

Calcutta, Oct. 24 (Reuter). T.T. on Japan, 81-1/4....

India Rupee Paper

Bombay, Oct. 24 (Reuter). Govt. 31% Rupée, 91-06-0.

SILVER MARKET

LONDON SILVER

London, Oct. 24 (Reuter). Silver Market quiet but steady, with little bear-covering. Business small. In the afternoon, the mar-

ket was quiet.

Spot, 23-1/2d.

Forward, 23-7/16d.

BOMBAY SILVER

Bombay, Oct. 24" (Reuter).

| Market—Quict. Offtake 50 bars.

Indian Mint Silver

LONDON GOLD

London,

Great Western Sugar

Elec Bond, & Share.

.05 off

Texes Gulf Sulphur

332

.06 off

Elec. Bond & Share $5 pt.

654

Timken-Axle

291

Elec Boud & Share $6 pi.

740

Trans-America Co.

Elec. Power & Light $7 pf.

20th Cent. Fox.

ភ

Fiintkote N

161*

Union Bag & Paper Corp... 113

Gen. American Trans.

491

Union Carbide & Carbon 792.

den. Electric

348

Union Pacifis

314

Gen. Motors

United Aircraft

39.

Gen Rallway Signal

15"

United Airlines Trans ....

177

,י

Gen. Tire & Rubber

121

United Corpn

Glidden Co.

141

United Corpn. $2 cum pf.

Goodrich (B.F.)

United Gas Corpn.

Goodrich, $5 pl.

United

Gas Improvement

114

Goodyear Tire & Co...

167

U.S., Industrual Alcohol...

221

Great Northern Iron Ore ..

U.B.. Rubber

213

Great Northern Rly, pfd.

US. Rubber $8 pfd,

79)

Interest Rates on "Application.

192

US Smelting

81*

PIIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITs received for One Year or shorter periods in Loes! or Other Currencies at raten which. will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

CURRENT ACCOUNTS opened LAL CORRENCY and Fixed Data received for one year or shorter The Bank's Head Offse in London periuds in Local and other Cur which will be rencies On terms quoted on application.

Also up to date SAFE DEPOS11 BOXES in various sizes To LET. Hong Kong 28th February, 1940,

HONGKONG SAVINGS-

BANK

The Business of the above Bank conducted by the HONGKONG

& SHANGHAI BANKING COR PORATION. Rules may be obtain-

on application. For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong. 25th Feb.. 1339,

THE CHASE BANK

15, 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.

undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained "at sry of the Agencies and Branches.

B. A. CAMIDGE,

Manager.

BANK OF EAST ASIÄ, LIMITED

Authorized Capital...$10,000,000.00 Paid Up Capital Reserve and Undivided

5,598,800.00

„2,863, 261.68

litta once-HỒNG KONG No. 10 Des Voeux Road, Centimi.

Board of Directors: Sia ShopBoy: Chow, Chairman - Li Koon Chan, Eaq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chn Son, Esq. Wong Yan Tong, Esq. Kan Ying Po, Baq. Chas Ching Sheir, Esq, Fung Fing Wah Eog KAN TONG PO, Esq., Chief Manager LI Tax Fosa, Esa, Manager

Amoj

Bateria

Branches and Agencies:

Kerloon Репал Singapore Leudon Banroom Sourabaya

Manila38algon Drakow HallgurneTM Bud Fran- Sydney

FAKBURG MANKOW

Profils

Greyhound Corpn. Hercules Powder Co

111

US. Steel

624

SAFE DEPOSIT BOXES

Vanadium

244

Homestake Mining

472

Vultee Aircraft

Int Nickel .....

272

Walworth Co.

Inter. Faper & Power

148

Warner Bros. Pict.

Int, Tel, & Tel

Westinghouse Elec.

1081

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

327

Woodward Iron Cor.

..301

Glass

Chase National Bank National City Bank

323

271

281

Ready ...

82-01

Middle

Nov. 28 Settlement Dec. 27 Settlement

62-02

DOW JONES AVERAGE

62-03

ام

"1940

3267 22.15 20

Oct. 24 (Reuter), Bar Gold. Fine per oz., 188/-

High Low Dow Jones Averages 152.80 111.84 30 Industriala

Rails 26.45 18 03 20 Utilities 30.61 83.06:40

Oct. 23,"

132.40 2+.92

Oct. 25. 1940. High Low Close 132.29 131.08 131,36 28.90 29.03) 28.05

Change TC4 of 27 off

Tabscribed Capita

Paid-op Capital

22 99

12.31 22.06 - 22.13

.16 off

Beserve Yand and Berk,

Bonds $1.07 48 74 11 Commodity Inder

90,15

ני

58,07

89.97 35,68 Business Done:-540,000 shares

.18 off .39 off

€3,000,000

£1,300,000

21,060,000

21,264,010

This Bank is entirely owned P Tax CHADE NATIONAL BANI NEW YORK, with, Resources of art] 1.8.$2,900,000,000.

D. M. BIGGAR,

Second Vice Pres

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office:-15., Grasschurch Street, London, EC.3

Authorised Capital

Pagrin

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

Current Accounts opened in Local Currency and Fixed Deposits, re- ceived for one year or shorter periods in Local and Foreign-Our- rencies on terms which will be quoted on application.

SAFE CEPOSIT Boxes. To Lat

·HAN TONG PO,

Chief Manager.

Fommy

Dalestin

Haiphong

Bankow

New York Shazzle

Konalala

Parta

dobe

Semarang Shangh

INDO-CHINA

STEAM NAVIGATION COMPANY LTD,

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

War Loan. 31% (Red.

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

1898 (Brit. Issueð ***. Chinese 5% Gold Bonds,

{H.K. & Shal ́ Bank (Col.

·Reg)

1925-47*

Chiese Eng & Mining

Chin. 41% Anglo-French

Loan, 1908

(bearer)

14/-

Chosen Corporation

4/-

Chinese 5% Crisp Loan..

1912

Pekin Syndicate,

"21-

S'hal Elec, Constr; Co.

Operating Services for Cargo sad Passengers

15/-

Chinese 5% Reorg. Loan.

B'hal Waterworks "A"

13)

TO-

1913 Ldn. 18.) ............................ Chinese 8% Ster. Notes,

1925 (Vickers)

Union Insurance

Gula Kalumpong Rubber

13/0

B.-A. Tob, (bearer)

82/6.

Chin. Imperial Rly. 5%

Loar:

Mercantile Bank

101

Dunlop Rubber

Honan Rly. 5%

Bristol Aeroplane

Ankuang R13 5%, 1911..

(LP. N/Y Issue)

Imperial Chemical Ind. 27/4) United Steel

19/8

Hukuang Rly 5%, 1911.

Woolworths

(German Issue)

Maremiar. Investments ....

7/8

Lung Tsing & U. Hai

Rly. 5% 1913 8'hai-N'King Rly..5% Tientsin-Pukow... Rly 5%

(Brit. Atpd.)...estemos. Tientsin-Pakow Rly, 5%

(German Sipd.). Tientsin-Pukow: Rly. 5%.

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

Nat Bank of India. 325

Western Holdings

9/3

Sub-Nigel

.157/8

Spell Trans. & Trad.

bearer

Nat Defence Bonds, 3% 101

London Midlands-Ecot-

tish: 3%

Great Western Rall-

-way, 3

SANDAKAN

HAIPHONG

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

For further partículară

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONE 3O3IL · GENERAL MANAGERS

BANKERS:

The Bank of England and Midland

Bank, Lid, BRANCHES:

Kusla Trengga Hadisa

Bangkok Ipoh 5

Bombay

Caluntia

Katan

New York

Colombo

Kandy

Kuh

Hota Bharu

Delhi

Gale

frongkong

Bownsh

Kuala Lipia

Pecang

Baszoon

تعطي العدة.

Kala Lumpur, Blugapore.

HONG KONG BRANCH: Every description of Banking and Exchange bdainas sransacted,

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 01 the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking 'sad Manager Exchange, i

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN ( QUELEST ACCOUNTS Apened is Local Our rency and FIXED DEPOSITS received in, Local Currency STERLING on to 10 maybe

sacertalked on application,

b. BENS N

What do

you want 2.

If there is anything you want, to buy or sell trya. Semail" Classified advertise- ment. In the Hors- kong Daily Presa

25 words $1.50 prepaid

gerbons.

* Head Office:---SHANGHAI

Hong Kong Branch: 44- QUEEN'S ROAD, C, South China Ofices:

CANTON SWATOW BHIUCHOW

KONGMOON TOISHAN KINGCHOW

We alea. handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.

1940-10-26 — Page 10

Comments

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