1940-11-04 — Page 11

Adama Express

370

COMMODITY MARKET

REVIEW

Alleghany Steel Co.

Allis Chalmers

(FROM PAYNE & CO.)

52 3/4

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

Amer. Can

NEW YORK, November 2, 1940.

105

Previous

Nov. 2

American Cyanamid B.

SINGAPORE RUBBER

Amer. & Foreign Power

Amer

Transfer.

& Foreign $7 pt.

182 1/2

Amer: Locomotive

SPOT

38-7/8

.

JAN.-MARCH

37 cts.

Market closed

Amer. Metals Co...

APRIL-JUNE

35-1/8

Amer: Radiator

Amer, Rolling Mill

LONDON RUBBER

Previous close. Today's close

Amer. B'ting and Ring Co.

- On demand.........

On. Parties.

42 3/8

buyers

buyers

Change

Amer, Sugar Refining

99

On-Manila:-

On demand .....

45 1/2

On Bangkok:--

On demand

149 1/2.

On Sterling Notes:-

Bank Buying Rate Bar Silver per 02. ............

Now.

23 1/2

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

On Saigon:-

On demand ......

JANUARY,

SPOT DECEMBER

11-3/4.

Amer. Tel

Tel

11-13/18

(Amer. Tobacco. “B”

11-7/8

Market closed

Amer, Waterworks

FEBRUARY

11-15/6 11-13/16

Anaconde' Copper

Atchison, T. & S. Fe,

Aviation Corp. ......... Baldwin Lecometive Baltimore & Ohto

Barber Asphalt Co. Barnsdall Of

Bethlehem Steel

Blias & Co.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS.

NOVEMBER 2, 1940. -

On London:-

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight

On Shanghai:

On demand

On Singapore:-

On demand

On Japan:-

On demand

On India:--

Telegraphic

and demand

On New York:-

Bank Billa, on demand 22 3/4

Credlis, 60 days' sight 23-5/8

On, Batavia:-

PAYNE & CO.

COMMODITY BROKERS

STOCK EXCHANGE

BUILDING

HONGKONG

Close Opening Closing Change buyers buyers

NEW YORK STOCK EXCHANGE

STOCKS

APRIL-JUNE

NEW YORK COTTON: Trade shorts were good buyers of near

positions Textiles markets were firm and active.

CHICAGO WHEAT: The undertone was firm. Trading was mo- derate, with some disposition to await the outcome of the elec- tion on November 5.

-i

NEW YORK STOCKS: Previous close, 184.41; Today's close, 134.85;

Chage, up 44.

Bendix Aviation

QUOTATION (REUTER'S "SERVICE) NOVEMBER 3, 1940.

MONDAY, NOVEMBER 4, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

AuthorisedCapital... $80,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $20,000,000 incorporated by Royal Charter, isas

Reserve Funds:

Paid-Up Capital Sterling... £ 6,600,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

£3,000,000 £5,000,000

prietors

*...£3,000,000

HEAD OFFICE: LONDON:

Chairman.

39, Bishopsgata 5.0.2 Sub-Agencies In London:* 117/199 Leadenhall Street, B.C.B West End Branch: 14/18, Cookspur Street, S.WI Manchester Branch; 32, Mosley Street, Manchester, 1

ALDE STAM

PINANG

AGENCIES AND BRANCHES.

HARBIN HONG TOEI MOTLA

BATAVIA BOMBAY

AMRITSAR

LATGXOX

RANGOON BLIOON

IPOH

BREEKBAR

KARACHI,

SHANGHAI

CALCUTTA ELANO

SINGAPORE

BITIAWAN

SOURADATA

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

Chief Manager.

AGENCIES: OLITE STEENT FALERIE PRACH CANTON

KOSE

KUALA

LUYFUE TAIPING KUCHING.......... FIENTS18

MADBAN

TONGKAN

(Bhuket)

THINOTAG

YOKOHAMA

Last Sale!

STOCKS

Last Sale

Proprietors...

.$90,000,000

Nov. 2

Nov. 2

61

Loew's Inc.

247

Loft Incorperated.

274 201

Head Office:-HONG KONG

378

Mack Truck Ine.

29

80*

Martin, Glen L

334

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

931

McKesson & Robbins, pfd. 291

361

Montgomery Ward

39)

13

M'tain City Copper Co."

31

Hoa. Mr. J. J. Paterson,

Deputy Chairman.

151

National Aviation

11

J. K. Bousfeld, Esq.,

16

Nat, Dairy Products

131

A. H. Compton, Esq.,'

17+

National Distillers

201

Hon. Mr. S. H. Dodwell,

73

National Lead

181

G. Miskin, Esq..

184

Nat, Power & Light

81

K. S. Morrison, Esq.,

Hon. Mr. T. E. Pearce,

434.

National Supply Corp...

B1

0. C. Roberts, Esq.,

14

New York Cential

15

1657

Niagara-Hudson Power

743

N. American Aviation

178

101

North American Co.

211

25

Northern Pacific

གཏྠཾ

Branches:

CAWNPORE

171

Owens-Blinois Glass Co,

51

51

Pacific Gas & Elec

-291

Amoy

Jokore

174.

-Packard Motors

Bangkok

Kobe

34

Rangoon Saigon

CEBU

COLOMBO

MANILA

DELKI

MIDAN

Batavia

Kowloon San

4

Pan-American Airways..

16

Bombay

Kusia

HAIPHONG

Francisco

101*

Paramount Pictures

81

HAMBURG

NAW TURK PRIPING

Calcutta

Lumpur Shanghai

91

Pennsylvania PR

24

Canton

London

Singapore

331

Philadelphia Read, Goal

Chafoo Lyons

881

Phillips Petroleum

38

Colombo Malacca

Sungei

141

Publie Service of N.J

341

Dairens

"Manila

at January

March

Market Report

FROM ROZA BROS,

Saturday, November 2 The price for Ready Silver was unchanged yesterday at 23.1/2

(REUTER'S SERVICE)..

but the Forward rate dropped New York Cotton. Dec. 1/16 to 23.7·16. Suver advices New York Rubber, Dec. reported a small business done. Chicago Wheat, Dec. The market was steady but quiet.Chicago Corn, Dec. American Silver was quoted at New York Hides, Dec, 34.3/4 for Spot.

NEW YORK COTTON"

The London/New York cross. rate was quoted at 402.1/2. New Dec. (New contract)... 9.55/50 York London

quoted was 403,3/4-

Boeing Airplane Co.

171

Pullman Ine...

27

Foodhow Muar

Patani Swatow

NEW YORK

COMMODITY MARKET

Borg-Warner

201

Pure Oil

8

Haiphong

Bankow

Briggs Mfg.

247

Radio Corpn. of Am.

51

Harbin

Budd M'facturing Corp.

5

Reading Company,

.Com

14*

Iloilo

(Jobore) Tientsin Mukden Tokyo New York Tsingtao Peiping

Canadian Pacifc Rway

31

Remington Arms Co., Inc.

57*

Ipoh'

High 9.82

Low.

9.57 9.55

Frey, Today's

Close Close Change

Case, JI

53

| Republic Aviation Corp.

Celanese

271

Repubile Steel

213

841

693

834 .591 12.47 12.45

9.60 .05 up 20.35b 20.30b .05 off

84

Chesapeake & Ohio........

42)

Revere Corp.

12+

Chrysler Corpn.

83}

Reynold. Tobac. "B"

35+

837 t of

Columbia Gas & Elec.

6+

Safeway Stores

421

592

591 1. up

Commercial Credit Co.

32

Schenley Distillera

101"

12:50

12.45b .05 of

Com, & Southern (Ord.)

.1+

Sears Roebuck

791

Close

Opening 9.58/58

..)

9.47 N

unquoted

(

9.55/55

19.57/58.

Closing 9.60/60 9.50n 9.53/58

Change

Consolidated Edison

284

Shell Union Ol

10+

".05 up

Consolidated Oll

6

Socony-Vacunum Oll

81

.03 up

Continental Cen

38

Southern Pacific

03 up

Continental Oil

182

Southern Rly, $5 pfd.

22

..

MARKET

Quiet,

May July

{ .. }

9.45/45

9.47/47

9.49/49

04 up

Copperweld Steel

201

Spicer Manufacturing Co. 33

("}

9.25/25

9.27/27

9.30/30

קט 05.

Curtiss Wright (C)

81

Standard Brands

67

October

( }

8.77/77,

8.79/79

8.80/80

.03 up

Curtiss Wright “A”

9.57 N

9.63TL

.06 up

Deere & Co.

Distillers Corpn. Seagrams

Total sales Friday:--86,300 bales. NEW YORK RUBBER December January March May

Douglas Aircraft

Du Pont de Nemours

20.35b

20.40a

20.10b

19.05b 19.82b

20.30b/39a 05 off unquoted 20.056

.05 -off 19.85/20.00a 19.98b/20.00 .03 up unquoted 19.75b/80a 07 off

Eagle Picher Lead

Eaton Mfg. Co.

Elec, Autolite

Elec. Bond & Share.......... Elec, Bond & Share 35 pl.

Elee Bond & Share $8 pl.

Elec. Power & Light $7 pi.

84/841 84/837 831/831 831/831

84/831 832/831

i off

Fluxit

up

Gen, American Trana,

Gen. Electric

Gen. Motors

Gen, Rallway Signal

+591/591 59/591

601/607

591/597

up

Gen. Tire & Rubber

618/61

61/61

קנו

Glidden Co.

WINNIPEG WHEAT

Goodrich (B.F.)

Goodrich $5 pf..

71 a

71ja

unch.

Goodyear Tire & Oọ.

Great Northern Iron Ore ́ ́..

December March

12.50/50 12.25/25

.05 aff .04 of

Great Northern. Rly, pfa,

Great Western Sugar

Greyhound Corpn.

Hercules Powder Co.

Homestake Mining

Int Nickel

.0/3-13/16 5-7/8

25

21-1/8 N 25-1/4

STEELING

There were sellers at 1/2.31/32 | Spot November/January, buyers at 13 for Cash.

·U.S. DOLLARS Sellers were quoted at 23.3/16 for Cash and 23.1/4 for Forward, buyers at 23.5/16 for Cash. ;

Total sales:-N11. CHICAGO WHEAT

December May

SHANGHAI DOLLARS Business was arranged early in the morning at 379.1:2 and also 380.. The market closed with sellers at 380, buyers at 381.1/2.

SHANGHAI MARKET

Friday's sales:-9,280,000 bushels, Sterling opened with sellers fcr Spot at 3.61/64 and towards the CHICAGO CORN

close the market

wwg a

shade December easier with sellers at 3.59/64 for May

U. S. Dollars sellers were quoted at the opening at 6.1/8 for

Spot.

Spot. Subsequently the rate rose December.....

to 6.5/32 and at the close sellers NEW YORK HIDES were quoted at 6.3/32 for Spot.

Shanghai Exchange

Shanghal, Nov, 2 (Reuter).

Official T.T. Bates

London

New York

Japan India

Hongkong

Sterling

Opening

Selle#3

Opening Closing 0/3-81/64 0/3-59/84 0/3-81/64 0/3-59/64 0/3-15/16 0/3-29/32

U.S. Dollars

Calcutta Exchaner

12.45b/64a 12.456 12.30b/35a

12.21b Total sales for the day:-23 contracts.

34-3/4 NY official Silver

NY-London Cross Rate 4.03-3/4

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

unquoted 4.03-3/4-

LONDON METALS

EXCHANGE

London, Nov. 1 (Reuter). Tin, Standard, Cash, Middle Price, 2258-1/8.

Tin, Standard, 3 months, Middle

259-7/8.

~London, Nov. 1. The following quotations are the middle prices at the close of the Price, market in London. All quotations are subject to confirmation and no responsibility is assumed for errors In transmission.

2

Market easier.

Inter. Paper & Power Int, Tel: * Tel.:...... Kerinecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford Glass 44j Lockheed Aircraft

1940

30+

DOW JONES AVERAGE

Bigh Low Dow Jones Averages 16280 111:84 30 Industrials

32.67 22.16 20 Rails

Nov. 2, 1940. Nor. 1, High Low Close

134.41

135.03 123.94 134,85

NEM

28.45 18.03.20 Utilities

90.01 83,00 40-Bonds

64.07 48 47 11 Commodity Index

28,33

34!* 281*

Change

4f up

2934 29.10 29.23.10 off

53 20 23.45 23.15 23:44"

90.23

$5.08

.15 up

90.20 .03 off

65.14 06.up

Business Dote:--470,000 shares

This Bank in entirely owned 'by | Kode"

Так GEABE NATIONAL BANK, NEW YORK, with Ramonrows of of U.8.$2,100,000,000,

D. M. BIGGAR,

Second Vios Prez

A job?

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Fassengéra

"Spot

Nov Dec.

Spot

Nov.

· Dec.

$6-1/8 $6-3/32

8-1/8 6-3/32 Market:-Uncertain.

6-3/32 6-1/16

War Loan, 34% (Red,

after 1952) Canton-Kloon Rly. 5% B Chinese. 44% Gold Loan

1011

Jap. 6% ater. Lozi, 1924. 21 Ger, 7% Intl. Loan, 1924 5. Chartered Bank HK. & 8'hat Bank (Lan

Reg.)..........

67

82

Calcutta, Nov. 2 (Reuter).. T.T. on Japan, 81-1/4.

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

1925-47

30

HK & Shai Bank (Col.

Reg)

24

Chin. 44% Anglo-French

Loan, 1908

Chinese Eng" & Mining

(bearer)...

147-

244

Chosen Corporation

41-

Chinese 5% Crisp Lean.

Pekin Syndicate.....

2/

1912

12

B'hai Elec, Constr. Ca...

15/

Chinese 5% Reorg, Loan.

1913 (Ldn. Is).

8’hal Waterworks -“A”

181

18

Union Insurance

20

TO-

Chinese 8% Bter, Notes,

1925 (Vickers)

Chin. Imperial Kly, 5%

Loan

41

Gula Kalumpong Rubber 13/9 B-A, Tob, (bearer) 83/11 Mercantile sanki... 101 Dunlop Rubber

30/3

Honan Bly 5% munu

∙10

Hukuang Rig 5%, 1911...

(LP. N/Y Issue) Hukuang Rly 8%, 1911

(German Igne)

Bristol Aeroplane 9/71 Imperial Chemical Ind. 27/4) United Steel........

Woolworths

19/104 57/6

10.

Maruman Liveatments 7/8

the Roosevelt J

iz

Western Holdings.

--8/9

the French Conors

Sub-Nigel ***

.157/8

Shanghai, where pas

and cargo are landed,

Thell Trans. Trad.

(bearer)

34/44

Nat Defence Bonda, 3% 1011 London-Midlands-Scot-

For further particulars

please syply tom

tish 3%

131

Great Western Rail-

321

H.K. STOCK EXCHANGE

Market was dull.

BUYERS

Union Ins: $987). Provident, $4.40 Lands, $30.25.

Yaumati Ferries. $22.25.

Electrics (Old),' $36.75. Electries (New), $38.50

Telephones, $23. Cements; $15.75: Ropes, $8.10. Watsons, 48.00, .... Entertainments, $6.50.

SELLERA Yaumati Ferries, $22. Cements, $18. Ropes, $6.35.-- Wasons, *$9.20

Douglases, $130.

...SALES

Lung Trinh từ 0. Hạt

Rl75% 1913 S'hai-N'King Bly. 5% é 12 Tientsin-Pukow Rly 5%

Brit. Stpd.) kitimas· 8 Tientsin-Pukow Rly, $% (Oerman Spd.)........... Tientsin-Puków Rly. 5%;

(Brit. Stpd. Bupi, Loan) Tientsin-Pukow Hly 5% (Ger.Stpd. Supl, Loan)

way, 3%

Nat Bank of India: 3% 20

bid,

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA ·

SINGAPORE, PENANG and· `CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth: alamgald

JARDINE MATHESON&Co. LTD. TEL PHONE EXOBILGENERAL MANAGERS

OPETER

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

Current Accounts epened in Local Currency and Fixed Deposita re- ceived for, one year or shorter periods in Local and Foreign Car- rencies on terms which will be

"quoted of application.

BAYE EXPOSIT Boxes To LET`·

KAN TONG PO,

Chief Hanager.

BANK OF CHINA

بین

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA ÁS 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 extend to our Clients special facilities for Tomestic and Foreign Banking and Exchange.

Head Omce--SHANGHAI

Hong Kong Branche:

4, QUEEN'S ROAD, C. South China Offices:

CANTON

SWATOW

-KONGMOON

TOISHAN SHIUCHOW KINGCHOW

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

SHOU J. CHEN

Manager.

281

Stand Gas & Elec.

17

203

Standard Oll of California"

187

17

Standard Of of NJ.

35

891

Stone & Webster

91

170

Studebaker Com,

81

94

Swift International

187

357

Technicolor.

94

361

Texas Corpn.

378

02.

Texes Gulf Sulphur

35

651

Timken-Axle

264

721

Trans-America Co.

51

392

20th Cent, Fox.

6

171

Union Bag & Paper Corp., 124.

524

Union Carbide & Carbon

754

THE CHASE BANK.

353

Union Pacifie

זו.

823

514

United Airaraft

421

16

United Airlines Trans

191

41

121 United Corpn.

141

United Corpn. $3 cum 'pf.

34

137

United Gas Corpo.

17

60

United Gas Improvement

12

181

US, Industrual Alcohol, .....

921*

167

US. Rubber

221

281

US. Rubber 18 píd.

821

Interest Rates on Application.

201

US. Smelting

61.

111

U.S. Steel

697

SAFE" DEPOSIT BOXES

Penang

Sourabaya

Yokohama

HANKOW

(Peking)

FOREIGN EXCHANGE and General Banking Businem transacted.

CURRENT Accourts "opened - and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rate -- which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTA opened in interest allowed at rates obtainable LOCAL CURELNOY and Fixxi Divairs on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur undertakes Executor and Trustee rencies on terms which will be husiness, and claims recovery of quoted on application.

British Income Tax overpaid, op

Also up to date SA DEPOSIT terms which may be ascertained at Boxsa in various sizes To Lat.

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

B. A. CAMIDGE,

Manager.

HONGKONG SAVINGS.

BANK

The Business of the above Bank, 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. Hong Kong, 25th Feb., 1939,

18, QUEEN'S BOAD, CENTRAL

HEAD OFFICE:

18, PINK STREKT,

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

BANK OF EAST ASIA, LIMITED

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

Profits

....2, 983, 281.1#

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

Board of Directors: " SIE SHOPRON Caow, Chairman Li Koon Chm, Esj Li Lan Sang, Esq. P. E. Kwok, Fang. Wong Chu Sox, Esq. Wong Tan Tung, Esq. Kan Ting Po, ag Chan Ching Shox, Esq. Fang Ping Wah bag KAN TONG PO, Esq, Chief Manager Li Tan Fona, Esq., Manager

Branches and Agencies:--

Kavlogs Prane Blagspore Laudios Bangoon Bourabaya Manila Balon Bestow Melbourne San Fran. Sydney

cisco Tisatio

763

Vanadium

35+

Amoy Baix Bethey Baloutta

Halpbong

Hankow

How York Beattie

Honolulu

Parts

Pelping

Bernsrang Shangha

48+

Vulteé Aircraft

82*

253

| Walworth Co.

15

Warner Bros. Pict.

+27

ין

2

344

4

Westinghouse. Elec, Woodward Iron Cor. Chase National Bank |National City Bank

307

32