1940-11-16 — Page 10

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PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

LONDON STOCK EXCHANGE

-(REUTER'S SERVICE)

London, Nov. 14.

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

(BEUTER'S SERVICE) NOVEMBER 15, 1946.

SATURDAY, NOVEMBER 16, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANE OF

BANKING CORPORATION

Authorised Capital $30,000,000)

INDIA, AUSTRALIJA

AND CHINATMË

Issued & Fully Paid-Up. #90,000,0mm; Incorporated by Royal Charter, 1885.

Reserve Funds: Sterling

£6,500,000 Reserve Fand

Paid-Up Capital

£3,000,000

HEAD OFFICE: LONDON:

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

pristors...... Proprietors

Last Sale

STOCKS

Last Sale

Nov. 14

Nov, 14

.$90,000,000

Adams Expresa

Loew's Inc.

294

COMMODITY MARKET

REVIEW

Alleghany Steel Co. Allis Chalmers

241

Loft Incorperated

(FROM PAYNE & CO.)...

NEW YORK, November 14, 1940.

Pevious

SINGAPORE RUBBER :

SPOT

JAN-MARCH

APRIL-JUNE.

39-1/4 39-1/2 39-1/4 37-7/8 98-1/8" 37-7/8 36-3/8 36-5/8 36-1/2

Nov. 14 Close Opening Closing Change buyers buyers

unch.

War Loan, 3% (Red,

after 1952)

1011 Janton-Kloon Rly. 5% 8. Chinese 4% Gold Loan

1898 (Brit. Issue).....

.3.2 Chinese 5% Gold Bonds..

-1925-47

Mack Truck Inc. ......

29}

Aluminium Ltd,.........

79+

Martin, Glen L....

Amer. Cant..

92+

McKesson & Robbins, pid.

281

· Head Office:-HONG KONG

Hoard of Directors: H. V. Wilkinson, Em..

American Cyaniamid B.

Montgomery Ward

404

Amer, & Foreign Power

M'tain City Copper Co.

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

Amter & Foreign: $7 pf...

National Aviation....

Amer. Eocomotive ...........

171

Nat. Dairy Products

Amer Metals Co.

22+

National Distillers

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

218

up 1/8

Inim. 44% Anglo-French

Loan, 1908.....

Amer. Radiator

The market was steady but quiet. LONDON RUBBER

Chinese 5% Crisp Loan:

National Lead......

Hon. Mr. S. E. Dodwell,

G. Miskin, Esq.,

ALOR STAR AMRITSAR

Atzer. Rolling NSHE

171

Nat, Power & Light

K. S. Morrison, Esq.,-

BANGIDI

Amer, 'ting and R’ing Cô

47+

Previous close Today's close

1912

National Supply Corp.

Hon. Mr. T. E. Pearce,

BATAVIA

38, Bishopagate E.0.9." Sub-Agencies In London: 117/122 Leadenhall Street, EC.& West End Branch: 14/16, Cockspur Street, SWI Manchester Branch::

· 11

8, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES

HARBIN

PINANG

EONA TỌNG. TĂNG CỐM. ILOILO IPOH

BATGON

Amer, Sugar Refining

New York Cential

buyers

8 POT

DECEMBER

11-7/8

-11-15/18

12-1/18

12-1/16

Change up 1/18 vunch.

Chinese 5% Reorg; Loan.

151

CO. Roberts, Esq.,

Amer. Tel, & Tel

1601

Niagara Hudson Power...

1913 (Ldn. I.)

Hon. Mr. A, Shields,

Amer, Tobacco '"E"

731

N. American Aviation

JANUARY

FEBRUARY

12-3/16

12-3/18

Chinese 8% Ster. Notes,

1925 (Vickers)'

Sir Vaideleur M. Grayburn,

Amer, Waterworks

North American Co.

Chief Manager,

Anaconda Copper

291

Northern Pacific

12-3/16

Chin. Imperial Rly. 5%

སྙན"

Atchison, T. & 8; Fe.

181

Owens-Illinois Glass Co.

501

Branche:

12-3/10

12-3/18

High

9.95 9.87

21.14 21.08

697

881

631

831

Prev. Today's Low Close Close Change 9.66 9.95 .09 up 21.04b 21.05b .01 up

877 891 623 63+

APRIL-JUNE

After ruling firm on covering demand and outside buying, the market eased slightly on slackening demand.“

NEW YORK COTTON: Consumption during October totalled 770,-` *702 bales which is a record. Heavy mill fixations were "lending continuing strength to the market with spot houses the best buyers. CHICAGO

WHEAT: Cash wheat in Chicago was strong with No.

2 Hard Wheat ten cents above the loan rate. Mill markets were firm and "active. There was some speculative profit-taking at the advance but very little pressure,

NEW YORK STOCKS: -Previous close, 136.61; Today's close, 138.97;

Change, up. 36... -.-.

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

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

Lung Thing & U · Hah

Rly. 5% 1913, S'hai-N'King Rly, 5% Tientsin-Pukow Bly" 5%. (Bilt. Stpd.). mer.......... Tientsin-Pukow Bly. 5% (Derman Stpd.) .......... Tientsin-Pukow Rly, 5% * (Brit. Stpd.Supl.; Loan) Tientsin-Pukow, Rly. 5%

(Ger. Stpd. Bupl, Loan) Jap. 6% Ster. Loan, 1924 · 254 er, 7% Intl Loan, 19245 Chartered Bank

Case, JI

Loan

Honan Rly, 5%

.10

Aviation Corp."

Pacific Gas & Elec

284

Anoy

Johore

Baldwin Lecometive

17+

Packard Motors

Hukuang: Rly 5%, 1911..

(LP. NAY Issue) Hukuang Rly. 5%, 1011

(German Issue)

Bangkok

Kobe

Rangoon Saikom

य

MADHAR

Baltimore & Ohiɑ

Pan-American Airways

178

Batavia

Kowlcom San

י'

Barber Asphalt Co.

Paramount Pictures

Bombay

Kuala

Francisco

Barnsdall Ou

10%

Pennsylvania R.R.

Calcutta

251

Lumpur Shanghai HANKOW

Bendix Aviation

331

Philadelphia Read, Coal

Canton

London.

Singapore:

Bethlehem Steel

291

Phillips Petroleum

Chefoo

391

Lyons,

Sonrabaya

Colombu

Malacca

Bliss Co: ·.

161

Sungei

Publier Service of NJ.

Dairen

Manila

Patani

Boeing Airplane Co.

201

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

Foochow

Maar

Borg-Warner

Briggs Mig.

251

Radio Corph, of Am.

Swatow Haiphong (Johore) Tientsin Bankow Mukden

Tokyo

Budd M'facturing Corp.

Reading Company,

144*

Harbin Com

New York Tsingtao

Canadian Pacific R'way

Remington. Arms Co., Inc.

Iloilo..

594;

Republic Aviation Corp....

Ipoh

Pelang

Cels.nese

Republic Steel

231

CURRENT

Chesapeake & Ohio

427

Revere Corp.

131

Chrysler Corpi,

321

Reynold Tobec. “B”

341

Columbia Gas & Elec.......

51.

Safeway. Stores

72.

K. & 8hal Bank (Ldn. Reg.)

Commercial Credit Co. Com, & Southern (Ord.).

#324

Schenley Dutillers ..........

Sears Roebuck

791

Consolidated Edison

241

Shell Union Oil

H.K. & Shai Banx (Cat:

Consolidated Oll

Socony-Vacunum Oil .....

11 up up

Peg)

Continental Can

391

Southern Pacific

睡

Hong Kong, 28th February, 1940.

New York Hides, Dec.

NEW YORK COTTON

13.44 13.20

13.02 13.30

.28 up

Chinese Eng & Mining

(bearer)

Continental: Off

201

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

231

Peiping Yokobama

NEW TURK PRIPING

(Peking)

TOKOHAMA

FORON EXCHANGE: and General Banking Business transacted.

QUBRENT, ÀÇCom opmed and FIXED DEPOSIT received for Ons Year or shorter periods in Local or Other Currencier at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with

ACCOUNTS opened in interest allowed at raten obtainabla LODAL ÜBERENOT and FIXED DEPOSITs) on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur undertakes Executor and Truste cancies on terms which will be business, and claims recovery of quoted on application.

British Income Tax overpaid, on

Also up to date Sara DePOSIT terms which may be ascertained at Boxes in various sizes To Let

any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

COLOMBO DETI HAISEONG KAMBURO

MANILA

**MEDAN

BOMBAT

CALCUTTA

AGENCIES: KOBA CLAVE BIENIZ KUALA

FAIRLIK PLACE

CANTON

OLVAPORL

LUMPUR KUCHING

SITIAWAN

BOURABAYA

TAIPING

TIENTSIN

TONGEAD

(Bhaker)

TINGTAO

BRETENDAN

EARACHI KLANG

SHANGHAI

SINGAPORAN

14).

Copperweld steel

201

Spicer Manufacturing Co.

351

Chosen Corporation

4/*

Curtiss Wright (C)

10+

Standard Branda

Opening

Closing

Change

Pekin Syndicate.....

2/-

Curtis Wright “A”

201

Stand Gas & Eleo.

Dec. (New contract)... 9.86/86

9.89/89

9.95/95

09. up 8'hal Elec. Constr. Co.

15/-

Deere & Co.

Standard Oll of California

2011

January

9.77 N

9.77/77

9.88 N

11 up S'ha! Waterworks "A"

13).

Distillers Corpn. Seagrains · · 191

Standard Oll of NJ.

371+

March

( * ..)

9.87/88

9.90/90

9.98/96

.09 up Union Insurance

20-

Douglas Abreraft

*68

Stone & Webster

*** 4*******

May..

July

(... {

9.81/81

9.82/82

9.90/90

.09 up

Gula Kalumpang Rubber

Du Pont de Nemours

189

Studebaker, Com

9.66/66

9.70/70

9.77/77

up.

B.-A. Tob, (bearer):

90/7

Eagle Fisher Lend

114

| Swift International

191

October Spot

......

9.23/23

9.30/30.

9.37/39.

.14 up:

Mercantile Bank

101.

Eaton Mfg. Co...

*****

Technicolor

ទ

9.86 N

9.95 N

.09 up

Dunlop Rubber

33/3

Elec. Autolite

367

Texas Corpn.

Total sales Wednesday: 115.700 bales.

NEW YORK RUBBER

Bristol Aeroplane

10/9

Elec: Bond & Share........

Texes Gulf Sulphur

307

Imperial Chemical Ind. 29/10).

United Steel

December

January

21.04b/08a 21,08/07. 20,90b

unquoted

March

20.85/65

21.05b 20.901 20.85b/75a 20.65b

.01 un unch.

21/7/

Woolworths.

60/3

Marsman Investments

7/8

Elec. Bond & Share $6 pf. Elec: Power & Light 37 pf... 349 Flatkote

Elec. Bond & Share $5 pr. 587

Timken-Axia

291

Trans-America Co.......

20th Cent, Fox

177

Union Hag & Paper Corp. 131

Western Holdings

9/3

Gen. American Trazis

547

May

20.56/58

. 20.56b/60a

20.53/53

..03 of

Union Carbide & Carbon 24

Sub-Nigel

177/0

Gen. Electric

341

Total sales:-560 tons.

*****4-1******་

Unión: Patino

hell Trans & Trad

Gen. MotorS......

524

United Aircraft

461

15, QUEEN'S ROAD, CENTRA¡

CHICAGO WHEAT

{bearer)

38/3

Gen. Railway Signal

164

United Airlines Trans

181

December

871/88

May

871/878

July

881/834 891/891 873/88 887/891 83+/834 834/844 841/85

17 "up

Nat Defence Bonds, 3%

1017

Gen. Tire & Rubber

United Corpr

HEAD OFFICE:

1 up

London-Midlands-Scot-

Glidden Co.

United Corpn. 43 com pf. 32

1 up

tish, 3%

151

Goodrich (BF)

161

United Gas Corp.

Wednesday's sales:-12,888,000 bushels.

Great Western Rall

Goodrich $5 pr.

631

United Gas Improvement

104

CHICAGO CORN

Way.3%

354

Goodyear Tire & Go:

191

U.S.. Industrual Alcohol.

224*

Nat Bank of India. 1

Great Northern Iron Ore

181

U.S. Rubber

251

December

627/63

63+/631

May

841/641

July.

641/641

041/041 * 642/842

631/631 641/644 65/65

# up 7 up

† --ex div.

NEW YORK HIDES

December

March...

13.03/02 13.00b

13.30/30

12,90/90

13.03/12.05.13.10/10

Total sales for the day:-255 contracts.

20 up

N.Y. Official Bilver... 34-3/4

NY-London Cross Rate 4.04

34-3/4 4.04

`TUTTI-

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

London, Nov. 14 (Reuter)

Public Deposits

Other Deposita:---

Bankers

Other Accounts Total

Nov. 1

Nov. 14 (000's Omitted)

£ 19,580

*-bid.

LONDON METALS

EXCHANGE

London, Nov. 14 (Reuter).

Tin, Standard, Cash, Middle {Price, £259-1/4,

Tin, Standard, 3 months, Middle Price, £280-7/8.

Market steady on/small over, which reflects/continned ab- sence of smelter offerings.

BROKERS

LOANS

New York, Nov. 14 (Reiter). Loans on securities to brokers in New York: Week-ended

Week-ended

Hercules Powder Co Homestake Mining Int Nickel........ Inter. Paper & Power Int. Tel. & Tel

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

DOW JONES AVERAGÉ

-1940 High Low Dow Jones Averages 16280,111.84 30 Industrials

Nov. 15. 1940.

High Low Close 137.78 188.90 138.97

£ 13,940

Nov. 13, 130.61

Change

38 up

Babecribed Capital

Week-ended

3167 22.15 20

26.45 18.03 20

118,330

114,670

90.79 83.06 40'

Rails Utilities Bonds

30.12

30.44 30.19 30.29

17 mp

Paid-up Capital..

91.06

21.67 21.36·91:40

Reserve Find and Best.

26.of

90.78

49,430

10,990

167,080

184,680

9/11/39 7/11/40 14/11/40 $467,000,000 $320,000,000 $320,000,000

61.07 18.47 11 Commodity Index

07:19

80.80 57:76

Iz dp

59 up

Business Dons:-1,380,000 shares

Government Securities

138,410

139,810

Other Becurities:---

Discounts and Advancea

3,100

4,230

Securities

21,490

21,070

Calcutta

Colomba Kandy

Delhi. Galle

Bangkok

[pob

Bethbay

Jatina

Kuantan

Total

24,590

26,300

Notes and Coins

37,310

86,880

Hongkong

Bourth

Madrus

New York

Ponng

Karobi

Kota Bharu

Shanghai

Kila Lapla

Simi

Total Bullion.

800

Notes in circulation

593,490

Ratio of Reserve to Liabilities

20.65%

Price of fold at which holdings are valued..

108/-

920 694,060 20,01%

150/-

Great Northern Rly, píd.

291

0.5. Rubber 18 prd,

894

Interest Rates on Application.

Great Western Sugar

US, Smelting

67#

Greyhound Corpn.

114

US. Steer

SAFE DEPOSIT BOXES

HONGKONG SAVINGS

BANK

The Business of the above Bank le conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rales may be obtain- ed on application.

For the HonorONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

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

THE CHASE BANK

18, Pin■ STRMIT,

NEW YORK

Au American Bank offering com

plete Foreign Banking Service in the principal Markets of the world.

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$1b,000,000.00 Paid-Up Capital Reserve and Undivided

毋

Proits

15,398,600,00

261.H

Head Office:-HONG KONG

No. 10, Des Voeux Road, Central.

Board of Directora:

BIE SHOPSON CHow, Chairman-

Li Koon Chu, Esq. Li Lan Bang, Eag. P. K. Kwok. Baq. Wong Chu Son, Esq. Wong Tun Tong, Esq. Kan Ying Po, Esq. Chan Ching Shok, Baq, Fung Ping Wah Baq Kax Toxo Po, Esa, Chief Manager LI TER FOBO, Esq., Manager

ADDT

·Branches and Agencies:--

Okoalis Haiphong

Loudas

Kaila

Penang Bingapor Bangoon BOREROBY'S

Swasche

Melbourne, San Fran- Bydney

734

Vanadium

51F

Vultee Aircraft

281

Walworth Co......

171

Warner Bros. Pict.

Westinghouse Elec.

1061

371

41 Glasa 47+ 32+

Woodward Iron Cor. Chase National Bank National City Bank

331

331" *26*

This Bank is. entirely owned by

THE CHASE NATIONAL BATT New York, with Rasonrows of ord U.8.$2,000,000,000.

D. M. BIGGAB,

Bacond Vios Proy

THE MERCANTILE BANK OF INDIA, LIMITED

domoo-15, Gracechurch Street:

London, EC

Autherland Ospital

·25,000,000

21,800,000

£100,000

21,254,389

Priping

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

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

SATT LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

Salgos

Hakone

Nagasaka New York Basitle

cisco Tinta

cover

Honolulu

Peris

ove

Bemarang Shangbai

FEDERAL RESERVE SYSTEM NEW YORK, Nov. 14 (Reuter). Nov.9 (1939) Nov. 7

Nov. 14

(000's Omitted)

Bills Bought

US Securities held

2,887,000

Federal Reserve Ratio

£5.92%

Federal Reserve Credit Outstanding,

2,721,000

Monetary Cold Stocks

17,132,000

Industrial Advances

11,623,000

2,327,000 90.32% 2,362,000 21,581,000, *8,181,000

U.S. FACTORIES

EXPLOSION WASHINGTON, Noy, 15 (Reuter) Commenting on the factory ex- plastong in the United States yes terday, Mr Henry Stimson, United

2,254,000 90,54% 2,324,000 21,637,000 8.215,000

LONDON GOLD

London, Nov. 14 (Reuter). Bar Gold, Fine per oz; 168/-

gested of Teutonic eficiency."

He added that beyond this rug-

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Bervices for Cargo and Passengers

TO-..

SWATOW, SHANGHAI, TSINGTAU, CHEFOo

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers borth alongside

the Roosevelt Terminal in the French Concession LG_ Shanghai where passengers. and cargo are lauded..

For further particulars

please apply to-

HESON&C

States: Secretary for War, Jester-gestion there is no indication of GTERIES GENERAL MANA

day said: "They might have sug-sabotage

BANKERS:

The Bank of England and Midland

Bank, Ltd.

BRANCHES!

Kuala Trengganu

Bantoon

Kuala Lumpur Jingapor

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT

OF CHINA AB AN INTERNATIONAL EXCHANGE

A-BANKAMO

HONG KONG BRANCH:PAID-UP CAPITAL $40,000,000.00 Every description of Banking and Exchang+

busine: TESDEActnd, RSHIP

TRUSTEE AND

(BBANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the UNDERTAKEN VA QURRENT ACCOUNTS spened in Local Our principal Commercial Centres of ready an FIXED DEPOSITS received in Local the World, we are able to extend Carmes STERLIKE on terms that say be so our Clients spesial facilities for ascertained ou ap llation Domestic and Foreigo Banking and

DBENSEN,

Hanger Exchange,

Head

What do

you want ?

If there is anything" you want to buy or sell try a small Classified. advertise- ment in the Hong- kong Daily Press

25 words $1.50

0 prepaid

for 3 insertions.

Office: SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Officen

CANTON SWATOWN SHIUCHOW

KONGMOON TUISHAN KINGCHOW

We also handle the issue of Bonds, and other Public Funds of the Chinese Government both at Home And Abrand.

1940-11-16 — Page 10

Comments

Private Research Note