1940-11-11 — Page 10

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

NOVEMBER 9. 1940.

On London-

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

On Shanghai:-

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

NEW YORK STOCK EXCHANGE

QUOTATION (REUTER'S SERVICE) NOVEMBER 10, 1949.

MONDAY, NOVEMBER 11, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA

»

AND CHINA

Authorised Capital... $50,000,000.

Issued & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 1839

Heserve Funda: 'Sterling

£6,500,000 Reserve Fund

Paid-Up Capital 3,000,000

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

prietors

..£3,000,000

£3,000,000)

HEAD OFFICE; LONDON:

STOCKS

List Sale

STOCKS

Last Sale

Nov. 9.

Nov. 9

Proprietors

$20,000,000

Adams Express

01

Loew's Inc.

292

Alleghany Steel Co.

251

Loft Incorperated

31.

Head Office:-HONG KONG

On demand

375

COMMODITY MARKET

REVIEW

Allis Chalmers

381

Mack Truck Inc.

397

On Singapore :~~-~-

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

802

Martin. Glen L

351

On demand

·(FROM PAYNE & CO.)

Amer. Can

941

McKessun & Robbins, pid.

281

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

62 3/+

On Japan:-

NEW YORK, November 9. 1940. '

American Cyanamid B.

361

Montgomery Ward

401

On demand

105

Previous

On India:-

SINGAPORE KUBBER

8 8 8 8 8 8 8

Telegraphic

and demand

Co New York:---

Transfer.

82 1/2

Nov. 9 Close Opening Closing buyers buyers

Amer. & Foreign Power

13

M'tain City Copper Co.

41

Hon. Mr. J. J. Paterson,

Change

Ather & Foreign $7 pf.

18

National Acistian

127

Amer. Locomotive

171

Nut. Dairy Products

141

SPOT

39-1/4 39-1/4 39-1/8

off 1/8

Amer, Metals Co.

201

National Distillers

211

Chairman.

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

JAN.-MARCH

37-7/8 37-7/8 37-3/4

Amer. Radiator

73.

National Lead

201

Hon. Mr. S. H. Dodwell,

Bank Bills, on demand 33. Credlis, 60 days' pight 23'7/8

APRIL-JUNE

36-1/8 36-1/8 36-1/4

Amer. Rolling Mil

183

Nat, Fower & Light ....

73

6. Miskin, Esq.,.

Amer, Sting and R’ing Co.

481

National Supply Corp.

K. 8. Morrison, Esq.,

On Batavis:-

On demand........... 43 On Paris:-

The market was quiet.

LONDON RUBBER

"Amer, Sugar Refining

187

New York Cential

154

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

SPOT

DECEMBER

11-13/10

Previous close Today's close

buyers

buyers 11-11/16

Market closed

Amer. Tell & Tel.

1671

Niagara Hudson Power

34

Change

Amer. Tobacco “B”

733

N. American Aviation

183

Amer. Waterworks

82

North American Co.

C. C. Roberts, Esq., Hon. Mr. A. L Shield, Sir Vandeleur M. Grayburn,

183

Anaconda Copper

.29

Northern Pacific

71

Hon. Mr. T. E. Pearce,

38, Bishopsgato E.0.2, Sub-Agencies In London:

117/182, Leadenhall Street, E.C.a West End Branch:

14/18, Cockspur Street, S.W! Manchester Branch;

32, Mosley Street, Manchester, 1. AGENCIES AND BRANCHES

HARDIN PENANG HƠN. TONG MANGOO

ALOR STAD AMRITSAR

BANGKOK

Ukiej Manager. FAIGLIA PLACE

ILOILO IPOH KARACHI KLANG

-HO KUALA

BATAVIA BOMBAY CALCUTTA

AGENCIES: CLATE STREET

BAIGON

*BEREMBAN

SHANGHAI

SINGAPOR

CANTON"

4

On. Saigon:

JANUARY

11-15/18

Atchison, T. & 8. Fe.

181

Owens-Ilinols Glass Có.

521

Branches:

On demand

100

FEBRUARY

11-15/18

Aviation Corp.

53

Pacific Gas & Elec

291

On Manila:-

On demand

On Bangkok:--

On demand

On Sterling Notes:---

Bank Buying Rata. Nom

45

149 1/2

Bar Silver per, of:

93 5/16

3/4.

MARKET

(NEW YORK COTTON

Close

9.85/86

January

{

9:75 N

Market Repor

FROM KOLA BRŪS,

APRIL-JUNE

NEW YORK COTTON: The market was firm. Demand was broad- ет. There was Improved enquiry in the good's market and sen- timent was more favourable.

I

NEW YORK RUBBER: There was increased interest in physicals.

Shipment offerings were light and at firm basis.

CHICAGO WHEAT: Prices continue firm and demand good because

of the firm cash position.

NEW YORK STOCKS: Previous close, 136.64: Today's close. 138.12;

Change, up 1.48.

Notice: All American and Canadian markets will remain closed

Silver prices dropped yesterday on Monday, Nov. 11 (Remembrance Day). to the extent of 1/8 for Ready and 1/16 for Forward, the quota- tions being 23.5/16 for both deliveries. Silver advices reported the market as being quiet. A Ameri- small busines, was done.

NEW YORK COMMODITY MARKET

can Silver was quoted at 34.3/4 for Spol.

The London-New York cross- rate was quoted at 402-1/2. New

(REUTER'S SERVICE)

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

York-London was quoted at 403-New York Hides, Dec.

Quiet, for Sterling US Dollars Dec. (New contract) were teadler.

Prev. Today's

Close Close Change 9.85 9,900 up 20.67b. 20.80 .13 up

Chrysler Corpn.

Columbla Gas & Elec, Commercial Credit Co.

Com, & Southern (Ord.) Consolidated Edison Consolidated Off Continental Can Continental Of

11-7/8

Baldwin Lecometive

187

Packard Motors

Amug

Jobore

31

Bangkok

Kobe

Rangoon Saigon

CAWNPORO CENU COLOMBO

SOU BABATA

LUMPCA

KUCHING

SINAWAN..

TAIPING

TIENTSIN

MADBAS

TONGEAB

MANILA

(Bhuket)

Baltimore & Ohio

42

Pan-American Airways

167

DELI

MEDAN

TRINGTAD

Batavia

Kowicon San

HAIPHONG

NEW YORK

TOKOBAN

Barber Asphalt Co.

11

Paramount Pictures

91

Bowbly

* Kuala

Francisco

BAMBURG

PRIPINO

Barnsdall Ou

101

Pennsylvania RR

242

Calcutta

Lumpur Shanghai

Bendix Aviation

344

Philadelphia Read, Coal

Canton

London

Singapore

Bethlehem Steel

921

Phillips Petroleum

Chafoo

381

Lyoun

Sourabaya

Colombo Malacen

Bilsst Co.

161

Public Service of NJ.

324

Sungei

Daire"

.. Manila

PETABI

Boeing Airplane Co

181

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

3231

Foochun

Muar

Swatow

Borg-Warner

217

Pure Oll.....

81

Haiphong (Johore) Tientsin

Briggs Mfg.

261

Radio Corpn. of Am.

51

Bankow

Mukden.

Tokyo

Budd Maoturing Corp.

52.

Reading Company,

Com

144

Harbin

New York Tsingtao

Canadian Pacific Rway

34

Remington Amos Co., Inc.

Iloilo

Case, J.I.

813

Republic Aviation Corp."...

5#

Ipoh

Celanese

28+

¡Republic Steel

241

Chesapeake & Ohlo

421-

Revere Corp.

131

331

Reynold Tobac. "B"

.43

51

Safeway Stores

43

331

Schenley Distillers.

111

1 ·

Sears Roebuck

79

High Low 9.95 9.88

201

Shell Union 01

101"

Gi

Socony-Vacunum: Ofi

91

20,80 20.80

414

Southern Pacific

Boxes in various sites To Lat Hong Kong. 28th February. 1940.

91

887 871

871 881

621 813

621 821

up off

197

| Southern Rly $5 pfd.

232

Peiping Yokohama

Penang

(Peking)

FOREIGN EXCHANGE and Genera) Banking Business transacted.

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

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with

CURRENT ACQUÖNTS opened in interest allowed at rates obtainabla LOCAL CURRENCY and Fixô Durostrs 00 application. received for one year or shorter The Bank's Dead Office in London periods in Local and other Our undertakes Executor and Trustes rencies On terms

which will be business, and claims recovery of quoted on application.

British Income Tax beerpaid, on

ALSO up to date Sa DerosIT terms which may be ascertained at any of the Agencies and Branches."

B. A. CAMIDGE,

Manager.

HANKOW

and

Copperweld Steel

211

Spicer Manufacturing Co.

35

13.43 13.05

12.93b 13.20b 27 up.

Curtiss Wright (C.)

10

Standard Brands

61

Curtiss Wright "A".

294

Stand Gas & Elec.

1*

Opening *9.88/88

9.75b/79a

Closing 9.90/90 9:81n

Change

Deere & Co. .....

218.

Standard Off of California

20

05 up

Distillers Corpn. SeagramS

19

Standard OU 01 N.J.

36

.06 up

Douglas Aircraft

884

Stone & Webster

March

}

8.84/85

9.85/85

9.01/91

STERLING

-.07 up

Du Pont de Nemours.....

1701

Studebaker Com.

81

There were sellers at 1/231/32. November-January. buyers at 1/3 for Cash.

May July October ( Spot

(

10

9.81/81

9.83/83

9.86/87

.05. up

Eagle Picher. Lead

114

Swift International

20

9.63/63

9.85/65

9.70/70

.07 up

Eaton Mfg. Co.

354

Technicolor

}

9.23/24

9:25/25

9.31/31

OB up

Elec. Autolite

37

Texas Corpn.

391

9.87 N

9.02n

.05 up

Elec Bond & Share

5+

Texes Galf Bulphur

382

Elec. Bond & Share $5 pi.

Elec. Bond & Share. 15 pf.

Elec. Power & Light #7 pf.

20.07b

20:45b

20,60b/80a -20.80/80 unquoted 20.58b 20.31b/32a 20.25b/35a 20.55b 20.10/10 20.056/15a 20.33/33

.13 up

Flintkote

13 up

Ben, American Trana

24 up

Gen. Electric

23 up

Gen Motors

Total salés: 640 tons. "

CHICAGO WHEAT December May

Gen. Rallway Signal

Gen Tire & Rubber

Glidden Co.

877/873

87/861

82/83

88/881 872/871 838/831

881/881 871/872 83#/831

קס

Goodrich (B.F)

up

Goodrich 35 pr.....

up

Goodyear Tire & Co.

Great Northern Iron Ore..."

Great Northern Rly, pfd,

Great Western Bugar

623/621 629/623 621/82) 631/631 63/631 631/631

of

Greyhound Corpn.'"

B

up

Hercules Powder Co

Homestake Mining

Int Nickel

12.93b/94a 12,95b/13.14a 13,206 12.70b/75a 12.89/89 13.05/05

27 up

Inter. Paper & Power

.35 up

Int. Tel. & Tel. .......

Kentecott Copper

Lakey Foundry & Mac.....

.... 34-3/4

unquoted 4.03-3/4

Libbey-Owens-Ford

Lockheed Aircraft

U.S. DOLLARS

The market opened with sellers

Total sales Friday:-251,400 bales.

at 23.7/16 for Spot resulting in NEW YORK RUBBER

some business at 231/2 for the December

end of 'December and also for January

Cash. The market closed' with sel- March

Jers at 23.1/2 for near and forward, May

buyers at 23.9/16 for Cash;

SHANGHAI DOLLARS Business was arranged at 390 and also

389.1/2. The market

closed with sellers at 390, buyers July at 391:1/2.

SHANGHA) MARKET

Friday's sales:-24,252.000 bushels..

Opened with sellers at 3.7/8 for CHICAGO CORN Spot and closed with sellers at December 3.58/64 for Spot. U.S. Dollars sel- May

lers at 6.1/18 at the opening for

NEW YORK HIDES Spot and at the close sellers were | F

December quoted at 8.1/32 fò-Spot.

March

Shanghai Exchange

Shanghai, Nov. 9 (Reuter).

Official T.T. Bates

London

New York

Japan

India

Hongkong

Opening

8/3-13/16

5-7/8

Sterling

Sellers

Total sales for the day-145 lots.

NY Official Silver

NY-London Cross Rate 403-3/4

LONDON STOCK EXCHANGE

(REUTER

London, Nov. 8.

The following quotations are the middle prices at the close of the

SERVICE)

Tientsin-Pukow Rly. 5%

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

(Ger. Sipd. Supl. Loan) 8

market in London. All quotations Jap. 6% Ster. Loan. 1924 241 are subject to confirmation and no Ger. 7% Intl. Loan, 1924, 54 responsibility is amumed for errors

7-1/16

1940

DOW JONES AVERAGE

High Low Dow Jones Averages 158.80 111.84 30 22.67 22.15 20 26.40 18.03 20

90.81 33.00 40 64.07 48.47 11

Nov. 10, 1940.

High Low Close 134.49 138.56 138.12 20.04.29.77 29.98

Change 1.48 up

20 пр

Nor. $,

Industrials Rails

136,64

29.67

Utilities Bonds

81 81

90.62

Commodity Index

54.76

· 2215 | 31.85 °· 21.05 - 30.71

08 up $7.18 .40 up Business Done:-1,100,000 shares

.14 up

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Faasen

25

21-1/8 N 25-1/4

Spot Nov,

Dec.

Opening Closing 9/3-7/8 0/3-27/32 013-7/8 0/3-27/32 0/3-55/64 0/3-53/84 U.S. Dollars

in transmission...

Chartered Bank

£

HK. & Shai Bank (Ldn.

Reg.)

"

84

Spot

Nov.

$6-1/16 $8-1/32

6-1/16

6-1/32

Dec.*

6-1/32

War Loan, 31% (Red

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

1898 (Brit. Iapę.. Chinese 5% Gold Bonds.

H.K. & Shai Bans (Col.

1011 8

Peg)

Chinese Eng Mining,

(bearer;

32

Chosen Corporation

4/-

Pekin Byndicate

2/-

34

S'hai Bles, Constr. Co..... 15/-

B'hal Waterworks "A" 131

Loan, 1908 Chinese 5% Crisp Loan-".

Union Insurance

20

TO-

Gula Kalumpong Rubber 13/0

{B.-A, Tob.. (bearer)

80/3

Mercantile Hank...

102

Dunlop Rubber

31

Bristol Aeroplane .................... 0/74 Imperial Chemical Ind.

28/41.

United' Steel...

Woolworths...

30/10 *58/41

Maraman Investments ..

7/8

Western Holdings:

979

Bob-Nigeriant

181/3

Shell Trans. & Trus

(bearer)

35/78

Market:-Uncertain.

Notice: All American and Cana-1925-47............................................ dian markets will remain closed on Chin 41% Anglo-French Monday, Nov. 11 Remembrance Doya

Silver Duty Rate The Central Bank of China's rate on London at 10a.m. today was 1/2-1/2d."

The Equalisation rate was 231 ner cent.

Calentta. Exchange

Calcutta, Nov. 9 (Reuter). TT on Japan. 81-1/4.

India Rupee Paper

Bombay, Nov} "D „(Reuter) Govt: 31% Rupee; 91-14-0,

Chinese 5% Reorg Loan.

1913 (Ldn. I) Chinese 8% Ster. Notes.

-1925 (Vickers) maisie Chin. Imperial Rly. 5%

Loan Honan Rly. 5% Hokuang Rly 5%. 1911.

LPN/Y Issue) 11 Bukuang "Rly. 5%, 1911

(German Issue), Lung Taing. U. Hal

Rly. 5% 1913 S'hal-N'King Rly 5% Tientsin-Pukow Rly, 5%

(Brit. 8tpd.) Tientsin-Pukow. Rly: 5%

(German Stpd.)

Nat Detence Bloods, 3% 102 |London-Midlands-Boot-

Great Western Rail-

Nat Bank of India 3%

Hah.8%

141

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE PENANG and CALCUTTA

SANDAKAN.

HAIPHONG

"All steamers bérth alongside

"the" Boosevelt. Terminal în' the French Concession st Shanghai, where passengers and cargo aro landad.

For further particularu

pisu apply to-

ARDINE

ESONG

TELEPHONE KOSILENERAL M

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

OF CHINA ASTANA INTERNATIONAL EXCHANGE

22 BANK

PAID-UP CAPITAL #00,000,000,00 (BRANCHES AIZ OVER ÜHINA) Owing to our numerous Branches tin Chins and connections in the principal Commercial Centre of the World, we are able to extend to our Clients special facilities for Horsestió and Foreign Banking and Exchange

A ESTAN Head Office:- SHANGHAI- 55p. Long Bong Branch,

4 QUEEN'S ROAD C **South China Offers:""

KAH KONG MOON CANTON SWATOWN TOISHAN SHIUCHOW KINGCROW

We also handle the issue of Bonds and other Publie Funde uff the Chinese Government both at Home

SHOU J. CHEM

60

Timken-Axle

291

60

Trans-America Co.

5-1

351

20th Cent. FOX

61

172

Union Bag & Paper Corp.

13

54

Union Carbide ar Carbon

758

35

Union Pacific

84

541

United Aircraft

441

15, QUEEN'S ROAD, CENTRAI

„184*

United Airlines Trans

184

HEAD OFFICE:

144

United Corpa,

17

161

United Corpn. 13 cum pt. 338

147

United Gas Corpn.

14

60.

United Gas Improvement

111

18A

US... Industrial Alcohol

23

18

U.S.. Rubber

23:

201

US. Rubber 38.pfd,

86

Interest Rates on Application.

221

US. Smelting

66

12

U.S. Steel

SAFE DEPOSIT BOXES

761

75%

Vanadium

36

54*

Vultee Aircraft

0

28

Walworth Ca.

61

161

Warner Bros. Pict

34

This Bank in entirely owned by Kobe

THE CHAKE NATIONAL New York, with Kanpuream of Oval U.S.$3,900,000,000.

*BANK.

2.

Westinghouse Elec

.100

37

Woodward Iron Cor.

341

41

Chase National Bank

34+*

Glass

447

National City Bank

281

321

HONGKONG SAVINGS

BANK

The Business of the above Bank

s. conducted by the HONGKONG | & "SHANGHAI BANKING OOR- PORATION. Rules may be obtain-

ed on application.'

For the Hongkong & Shanghai BANKING CORPORATION.

V."M. GRAYBURN,

Chief Manager. Hong Kong, 91th Feb., 1939.

THE CHASE BANK

18, PIN STREET,

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

world.

D. M. BIGGAR,

Bacond Vice Pres

BANK OF EAST ASIA, LIMITED

3,598,000.00

Authorised Capital......$10,000,000.0 Paid-Up Ospital Beserva and Undivided ·

Profits

12,953,901.36

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

Board of Directors: SIR SHorgen Cxów, Chairman Li Hoon Uben, E. Li Lax Bang, Eg. P. K. Kwok, Esq. Wong Chu Bos, Ling- Wong Tan Tong, Esq. Kan Ting Pong. Chan Ching Shu, £44. Fang Fing Wah Bag KAN TONG Po, Esq., Chief Manager Lt Tax Foxo, Esa, Manager

Branches and Agencies:--

Bouloda Penang

Singapore

--Rangoon, à Bouzabaya Baigon Blowi

San Fran. Sydney

matka

Bectarwag

Shanghal

conver

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

Current Accounts opened in Local Currency and Fixed Deposits re- seived for one year or shorter periods in Local and Foreign Cur terms which will be quoted on spplication.

SAFE CEPOSIT Boxes To LIST.

rancies ол

KAN TONG PO,

Chief Manager.

Andy

Bateria

*Loudon

Bombay.

Manila

Calratin

Malbourne

HAlphong

Henkow

New York

Honolulu

Paris

Polplug