1940-11-09 — Page 10

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Adams Express

Alleghany Steel Co.

NEW YORK, Nov. 7, 1940.・・

Nov. 7

War Loan. 31% (Red,

afte 1952)

101-11/16 Janton-Kloon Rly. 5% 8" Chinese 41% Gold Loan

Allis Chalmers

Aluminiam Ltd. Amer. Can

American Cyanamid B.

SINGAPORE RUBBER

Close Opening Closing

Change

1898 (Brit. Issue)

Amer. & Foreign Power

buyers

Ś POT JAN.-MARCH

38-7/8

unch.

Chinese 5% Gold Bonds.

1925-47

Amer

& Foreign $7 pt....

Amer. Locomotive

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, Nov, 7.

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) NOVEMBER 8, 1940.

SATURDAY, NOVEMBER 9. 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1838

£8,500,000 Reserve Fund

Paid-Up Capital

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

....£3,000,000

£3,000,00%

prietors

£3,000,000

HEAD OFFICE: LONDON:

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

Deputy Chairman, J. K. Bousfeld, Esq., 4. H. Compton, Esq.,

38, Bishopsgate E.0.2 Sub-Agencies In London: 117/192, Leadenhall Street, E.Ca West End Branch: 14/16, Cockspur Street, S.W: Manchester Branch;

02, Mosley Street, Manchester, L AGENCIES AND BRANCHES

BANKING CORPORATION

INDIA, AUSTRALIA -

AND CHINA

Authorised Capital. 860,000,000 "

Reserve Funda:

Sterling.....

Last Sale

Reserve Liability of

STOCKS

Last Sale

Nov. 7

Proprietors

..$20,000,000

Nov. 7

Loew's Inc.

294

251

Loft Incorporated

213

281

Mack Truck Inc.

29+

Martin, Glen L

347

Head Office:-HONG KONG

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

McKesson & Robbins, pid. 291

367

Montgomery Ward

M'tain City Copper Co.

151

National Aviation

114

167

Nat. Dairy Products

137

37-1/4

37-3, 8

37-3/8

„APRIL-JUNE

35-1/2 35-1/2 35-1/2

up 1/8 unch

Chin, 41% Anglo-French

Amer. Metala Co.

18+

National Distillers

203

Hon. Mr. S. H. Dodwell,

Loan, 1908

Amer. Radiator

National Lead

G. Miskin, Esq.,

ALOR STAR AMRITSAR

Chinese 5% Crisp Loan.

Amer. Rolling Mil

1841

Nat, Power & Light

K. S. Morrison, Esq.,

BANGIOT

The market was steady.

1912.

Amer, Sting and Ring Co.

187.

National Supply Corp.

C. C. Roberts, Esq.,

Hon. Mr. T. E. Pearce,

BOMBAY

BATAVIA

HARBIN DONA KONG ILOTIN ПРОВ

PENANG HANGOON

SAIGON

SEBEMBAK

LONDON RUBBER ..

Previous close Today's close

buyers

Change

Chinese 5 Reorg, Loan

1913 Ldn. 19.) ...

Amer, Sugar Refining......

171

New York Central .....

153

ག

Amer. Tel & Tel

167+

Niagara Hudson Power

6 POT

11-11/16

11-11/18

urch.

Chinese 8% Ster. Noter,

Amer: Tobacco "B"

N. American Aviation

181

DECEMBER

JANUARY

11-13/16

11-13/18

1925 (Vickers).

Amer. Waterworks

North American Co.

194

Hon. Mr. A. L. Shields; Sif Yandeleur M. Grayburn,

Chief Manager.

11-15/16

11-15/18

Chin. Imperial Rly. 5%

Anaconda Copper

279

Northern Pacifc'

Branches:

FEBRUARY

APRIL-JUNE

11-7/8

11-15/16

off 1/16

Loan

Atchison, T. & 6, Fe.

Owens-Ulinois Glass Co....

521

11-13/18

of 1/16

Honan Rly. 5%

Aviation Corp.

Pacific Gas & Elec

291

Amoy

Jobure

New York Cotton, Dec. New York Rubber, Dec. Chicago, Wheat, Dec. Chicago Corn, Dec. New York Hides. Dec.

NEW YORK COTTON

12.30

The market was dull.

NEW YORK COTTON: Better domestic political news with infla- tionary implications attracted heavy short-covering. We think July eventually 10.75.

NEW YORK STOCKS: Previous close, 131.98: Today's close, 137.75;

Change, up 5.77,

NEW YORK COMMODITY

(REUTER'S SERVICE)

Prev. Today's

High Low Close Close Charige" 9.86 9.68. 9.689.82 14 up 20.62 -20.41 20.40 20.62b .22 up 873 81 34 $71 31 up 63 591 60 62

up 13.00 11.90

(German Stpd.) Tientsin-Pukow Rly. 5%

-(Brit.8tpd.Supl, Loan) 8 Tientsin-Pukow Rly. 5%

(Ger. Stpd. Supl. Loan) 8 Jap. 6% Ster, Loan, 1924 244 Ger, 7% Intl. Loan, 1924 5+ Chartered Bank

Hukuang Rly 5%, 1911..

Baldwin Lecometive

18%

Packard Motors

Bangkok

Kobe

DELHI

Batavia

Kowloon San

Rangoon Saigon

KARAGE KLANG

AGENCIES: RODE

CLAVE STREET FAIRLIN FLACK

CANTUN CAINFORE СЕГ COLOMO

KUALA

SHANGHAI

CALCUTTA

SINGAPORE

BITLAWAN

SOU GABAYA

LUMPOR

KUCHING

MADRAS

MANILA

TAIPING

TIENTTEIN

TONGIAM

(-Bhuket)

MEDAN

THINGTAO

(LP. N/Y Issue)

Baltimore & Oblo

Fan-American Airways

HAIPHONG

NEW YORK

TOXUHAMA

Houbay

Kuala

Francisco

Hukuang. Rly. 5%, 1913

Barber Asphalt Co.

Paramount Pictures

Calcutta

Lumpur Shanghai

(German Issue)

Barnsdall Ou

103

"Fennsylvania R.R

Canton

London

Singapore

Lung Taing & U: Hal

Rly. 5% 1913

Bendix Aviation

35+.

Philadelphia Read, Coal

Obetoo

Lyons

Bethlehem Steel

Phillips Petroleum

381

Colombe

Malacca

Sungei

Dairen

Manila

hal-N'King Rly. 5% Tientsin-Pukow Rly. 5%

Buss Co.

Public Service of N.J.

321

Poochow

Musr

Swatow

Boeing Airplane Co,

177

Pullman Inc.....

271

Haiphong

(Johore)

Tientain

MARKET

(Brit. Stpd.)

Borg-Warner

214

Pure Of

Rankow

Malden

Tokya

Tientsin-Pukow" Rly. 5%

Briggs Mfg.

251

Radio Corpn. of Am,

Harbin

New York

Budd Macturing Corp.

.51

Reading Company.

Com

144

Iloilo

Peiping

Tsingtao Yokohama

Canadian Pacific R'way..

Remington Arms Co., Inc.

Ipoh

Penang

Case, J.I.

614.

Republic Aviation Corp.

Celanese

Republic Steel

CURRENT ACCOUNT opened

Chesapeake & Ohio

Revere Corp.

Chrysler Corpn.

B6A

Reynold Tobac. "B"

Columbia Gas & Elec.

Safeway Stores

423

rencies on

13.00

7-1/10

10. up

Commercial Credit Co.'

33+

Schenley Distillers

104

quoted on application.

Dec. (New contact)

Close 9.68/68

Opening

Closing

Change

H.K. & S'hal Bank (Ldn

Reg.)

Com, & Southern (Ord.)

Sears Roebuck

80+

Consolidated Edison

25**

Shell Union Oli

9.66/68

9.82/82

.14 up

H.K. & S'hai Bank (Col

Consolidated Ou

Secony-Vacunum Ofl

Box in various sizes To LET. Hong Kong. 28th February, 1940.

January

9.58/58

unquoted

9.72/72

.14 up

Reg

Continental Can

40%

Southern Pacific

Sourabays

Patani

PEIPING

(Peking)

FUREIGN EXCHANGE and General Banking Business transacted..

CURRENT ACCOUNTS opened 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 In interest allowed at rates obtainable

LOBAL CURRENCY and FIZED DEPOSITS or application. received for one year or shorter) The Bank's Head Office in London periods in Local and other Our undertakes Executor and Trustee terms which will be business, and claims recovery of British Income Tax overpaid, on

ALSO up to date SAFE DEPOSIT terms which may be ascertained at

any of the Agencies and Branches.

Manager.

RA. CAMIDGE,

HAMBURG HANKOW

March

9.67/67

9.65/65

9.82/83

מט 15. *

Chinese Eng. & Mining

Continental Oil

Southern Rly 35 pfd.

231

May

9,50/60

9.58/53

9.76/76

.16 up

(bearer;

14/

Copperweld Steel

211

Spleer Manufacturing Co.

351

July

9.41/41

9.38/40

9.56/58

.15 up

Chosen Corporation

4/-

Curtiss Wright (C.)

Standard Brands

ཏྭཱ

October

..... 8.95/95

1.96/96

Spot

9.70 N

9.16/16 9.8in

21 up

Pekin Syndicate .......

2/-

Curtiss Wright "A"

297

Stand Gas & Elec.

.14 up

Shal Elec. Constr. Co.

15/-

Deere & Co.

21)

Standard Off of California

194

S'hal Waterworks "A"

Total sales Wednesday:-138,900 bales

NEW YORK RUBBER

Distillers Corpn. Seagrams

Standard CH C N.

354

Union Insurance

Douglas Aircraft ...

861†

Stone & Webster

Gula Kalumpong Rubber

13/9

Du Pont de Nemours

163

Studebaker Com,

B.-A. Tob. (bearer)

86/3

December

January

March

May

20.40/40 20.15b 19.95b/98a 20.00/00 19.80b - 19,95a

20.43/43 unquoted

20.62b 20.40b

22 up

Eagle Picher Lead

101

Swift International

191

Mercantile Bank

10-1/18

,25 up

Eaton Mfg. Co.

35+

Technicolor

Dunlop Rubber

30/9

20.22b 20.00b

27 up

Elec. Autolite

374

Texas Corpn.

Bristol Aeroplane.......

9/6

.20 up

Elec Bond & Share

Taxes Gulf Sulphur

351

Imperial Chemical Ind.

28/41

Total sales:-1,020 tons.

CHICAGO WHEAT

Elec, Bond & Share $5 pr.

Timken-Axle

291

United Steel

20/9

Elec. Bond & Share $8 pt.

Trans-America Co.

Woolworths

58/6

Elec. Power & Light $7 pt.

371

20th Cent. For

Marsman Investments.

7/6

December

841/84

84/847

871/871

Fintkote

31 up

Union Bag & Paper Corp.

Western Holdings

9/9

May

83/823

31/834 86/861

Gen. American Trans.

544

31 up

Union Carbide & Carbon 781

Sub-Nigel

161/3

July

-781/781

Gen. Electric

35%

73\/78)

81/81

Union Pacific

31 up

"hell

Trans & Trad.

Gen. Motors

541

United Aircraft

44"

Wednesday's sales:-unreceived.

(hearer)..

35/71

Gen. Rallway Signal

161

United Airlines Trans

181

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

CHICAGO CORN

Nat Defence Bonds...3%

102

Gen. Tire & Rubber

131

United Corpn.

London-Midlands-Scot-

December

60/80

Glidden. Co.

151

591/60

62/821

קני

tish, 3%

United Corpn. $3 cum pl."

33†

May.

6011802

Goodrich (B.F.)

50/00%

631/631

21. up

141

United Gas Corpa...

Great Western Rall-

Goodrich $5 pf.

United Gas Improvement

111

NEW YORK HIDES

way. 3%"

341

Goodyear Tire & Co.

187

U... Industrual Alcohol. ....

221

261

December

12.30/30

March

12.109/0

12.10/10

13.00/00- 12.856/86a

70 up

t-ex, dlv.

.35 up

Total sales for the day-502 lots.

NY Official Silver ... 34-3/4

34-3/4 4.04-1/2

BANK OF ENGLAND

LONDON, Nov. 7 (Reuter),

Public Deposite

NY-London Cross Rate 4.04

Nat Bank of India. 3%

*--bid.

LONDON STOCK EXCHANGE

LONDON, Nov. 8

(Reuter, -

WEEKLY RETURNS AND REPORTS The Stock Exchange was quieter

Other Deposits:

Bankers

Other Accounts Total

Oct. 31

Nov."7 (000's Omitted)

2 12,940

18,260

108,000

51,510 159,510

Goverment Securities

130,040

118,230 48,430 167,860 136,410

Other Securities:---

Discounts and' Advances

3,000

Becurities

23,280

Total

26,280

3,100 21,490 24.590

Notes and Coins

39,150

37,310

Total Bullion

Notes in circulation

Ratio of Reserve to Liabilities

Price of Gold at which holdings are valued..

720 691,570 22.02% 168/-

800 593,490

20.85% 168/-

yesterday but most sections main- tained a firm front. Coppers, ex- ceptionally, were weak following a reduction in the Rhokang divi. dend, but closed above the lowest.

Kaffirs were again the centre of attraction, registering substantial advances.

Git-edged were supported late. In the session while Japanese bonds strengthened and Argen. Lines and Brazilians were steady.

Wall Street was quiet.

Inter. Paper & Power Int. Tel. Tel.

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

1940

DOW JONES AVERAGE

High Low Dow Jones Averages 152.80 111.84 30 Industrials

32.57 22.15 20 Rails 26.45 18.03 20 Utilities 20.61 83.06 40

Bond. $4.07 48.47 11

Nov. 6, 131.93

23.87

Nov. 8, 1940. High Low Close 133.13 131.98 137.75 29.94 28.82 29.94

Change 6.77 up

Babecribed Capital

Paid-up Capital

1.07 up

Reserve Fund and Best,'

21.51

29.94 91.58 22.12

.61 ap

Commodity Index

89.90

.90.55 .86 up 55.14

16.01 1.47 up Business Done:-2,080,000 shares

Bangkok

Bombay

Ipoh Jafon

ادر الماز

Calcutta

Xcantan

New York

Colombo

Handy

Penang

Dotti

Karachi

Razpo

Galle

Kota Bharu

Shangha

Hongkong Kinin Lipla

Shale

Howrah "Kuala Lumpur

Blogspore

Great Northern Iron Ore

181

U.A. Rubber

231

Interest Rates on Application.

Great Northern Rly, pfd,

30...

US. Rubber 3 ptą.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG * SHANGHAI BANKING COR PORATION. Rules may be obtain ad on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

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

THE CHASE BANK

18, PINE STREST,

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

BANK OF EAST ASIA, LIMITED

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

Profita

5,588,800.00

.2,183,281, 50

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

Board of Directors: SIR SHOPSON CROW, Chairman Li Koon Chan, Esq. Li Lan Sang, E P. K. Kwok, Esq. Wong Chu Bon, E14- Wong Inn Tong, Esq. Kan Ting Po, Eag. Chan Ching Shok, Esq. Fung Flag Wah Eag KAN TONG PO, Esq., Chief Manager. Li Tax Fora, Esq., Manager

Branches and Agencies: - -

Azody Bateria Bombay Manila

Pinang

Blagapore

Bangvon Bourmony's

Saigon

Melbourne San Fran. By day

Kowloon London

Great Western Sugar

US. Smelting

634

SAFE DEPOSIT BOXES

Greyhound Corpn.

113

U.S. Steel

Hercules Powder Co.

784

Vanadium

381

Homestake Mining

Vultee Aircraft

.Int Nickel

Walworth Co.

Warner Bros. Pict.

31.

Westinghouse Elec.

108

Woodward Tron Cor.

-341

Glass

Chase National Bank National City Bank

351* 29*

311

This Bank is entirely owned by

THI CHASE NATIONAL BANI "New York, with Resources of ove

·U.§.$2,900,000,000,

D. M. BIGGAR.

Second Pics Pr

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office:-15, Gracechurch Street,

+1 London, EC3

Authorised Capital

£3,000,000

£1,800,000

£1,050,000

£1,254,688

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

Current Accounts opened 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 on application.

SAFE CEPOSIT Boxes To LET

"KAN TONG PO,

Chief Manager.

Swabor

Caloctia

Haiphong

diana Tab

Hashow

New York

Seattle

CORVE

Hansielu Kabe

Party Pelplug

Bemarang Shangha

FEDERAL RESERVE SYSTEM NEW YORK, Nov. 7 (Reuter). Nov. 2 (1939)

INDO-CHINA

STEAM NAVIGATION COMPANY 176

Operating Services for Cargo and Fässengers

Oct. 31

Nov. 7

(000's Omitted)

TO-

Bills Bought

1,000

U.B. Securities held

2,765,000

Federal Reserve Ratio

85.69%

Federal Reserve Credit Outstanding.

Monetary Gold Stäcka

17,090,000 11,680,000

2,333,000 09.21% 2,381,000 21,489,000 8,193,000

2,327,000 90.32% 2,952,000. 31,581,000 8,151,000

LOANS

Industrial Advances.

BROKERS

New York, Nov. 7 (Reuter).. Loans on securities to brokers in

New York:~~- Week-ended

Week-ended

Week-ended 2/11/30 21/10/40 7/11/40 $472,000,000 $290,000,000 $326,000,000

LONDON GOLD

London, Nov. 7 (Reuter). Bar Gold, Fine per oz, 168/-

LONDON METALSTM

EXCHANGE

London. Nov. 7 (Reuter). Tin. Standard, Cash, Middle Price, £253-3/8.

Tin, Standard, 3 months, Middle Price, 2280-3/8.

Increase turnover due to bear covering in Cairo and some. British smelter selling of forward. Con sumer demand quiet.

SWATOW, SHANGHAL, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

BANDAKAN

HAIPHONG

All steamers borth alongside the Roosevelt Terminal in the French Concession at Shanghai, whero passengers and cargo are landed."

For further particulars

please apply tom

'BANKERS:

The Bank of England and Midiand

Bank, Ltd.

BRANCHES:

Kuals TrenggaRY

HONG KONG BRANCH: Every description of Banking, and Exchange hasiness transitad.

TRUSTEE, AND EXECUTORSHIP

17.

UNDERTAKEN CURRENT ACCOUNTS opened in Local Ou randy and FIXED DEPOSITS reared in Local Currency & STERLING on terms that may be andertalied on aplicaties.

D. BENSON,

What do

་་

Kasger

you want ?-

If there is anything you want to buy or sell,

try 2 Kmal Classified advertise- ment in the Hong- kong Daily Press.

JARDINE MATHESON&Co.,LTD.||25 words $1.50 prepaid

TELEPHONE ZOJII •GENERAL MANAGERS

for 3 insertions.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNAŢIONAL 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 Contros of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Offer:-SHANGHAI Hong Kong Branch:

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

CANTONTM

SWATOW SHIUCHOW

KONGMOOM TOISHAN

KINGCHOW

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

1940-11-09 — Page 10

Comments

Private Research Note