1940-11-18 — Page 10

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and demand

On New York:---

Bank Bills, on demand 23 1/8 Credlis, 60 days' sight 24

On demand

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

On Balgon:-

On demand

On Manila:-

On demand

On Bangkok:-

On demand

On Sterling Notes:--

100 1/2 APRIL-JUNE

******-149 1/2

Market Report “

23 1/4

NEW YORK COTTON! We expect very tight spot situation by Spring and believe that purchases of July and October options. will eventually show satisfactory profts. NEW YORK RUBBER: The market continues to depend upon the Far Eastern developments and the approaching quota decision. CHICAGO WHEAT: Present prices are beginning to attract with- drawals of loan stocks. Any further advances will probably in- crease withdrawals. We would be disposed to take profits on speculative tongs and reinstate on setbacks.

Boeing Airplane Co.

Adams Express

Alleghany Steel Co.

385

Allis Chalmers

Aluminium Ltd.

NEW YORK, Nov. 16, 1940.

Amer. Can

On Japan:-

On demand

105

SINGAPORE RUBBER

On India:--

buyers

Nov, 18 Opening Closing

buyers

American Cyanamid B.

Change

Telegraphic Transfer.

82 19 POT

39 cts.

38-3/4 38-7/8

off 1/8

Amer. Foreign Power ... Amer & Foreign $7 pl. Amer. Locomotive

JAN.-MARCH

37-1/2

37-1/4 37-1/4

of 1/4

Amer. Metals Co......

APRIL-JUNE

96-1/8

35-7/8 36 cta.

off 1/8

Amer. Radiator

Amer. Rolling Mill.

On Batavia:

On Paris:-

LONDON RUBBER

The market was quiet. Previous close Today's close

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

'NOVEMBER 16, 1940 -

On London:-

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

On Shanghai:—

"On demand

On Singapore:-"

On demand

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE) NOVEMBER 17, 1940

MONDAY, NOVEMBER 18, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000

INDIA, AUSTRALIA, AND CHINA

Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1868

Reserve Funds: Sterling

£8,500,000 Reserve Fund

Paid-Up Capital

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

prietors.......

Read Office:-HONG KONG

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

Chairman. Hon. Ma, J. J. Paterson,

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

£3,000,000

...$3,000,000

£3,000,000

HEAD OFFICE: LONDON:

38, Bishopsgate E.0.2. Sub-Agencies In London: 117/129, Leadenhall Street, E.C.3 West End Branch: 14/16, Cookspur Street, S.WI Manchester Branch: 63, Mosley Street, Manchester,

AGENCIES AND BRANCHES.

HARBIN

BANGKOK

PENANG

EONG LONG BANGOON ILOILO

Last Sale

STOCKS

Last Sale

.Oct. 18

Oct. 16

Reserve Liability of

Proprietors

·····---- ·-$20,000,000

Loew's Inc.

281

Loft Incorperated

301

Mack Truck Inc.

281

794*

Martin, Glen L

331

McKesson & Robbins, ptd. 261

351

Montgomery Ward

394

Mtain City Copper Co.

154

National Aviation

111

161"

Nat Dairy Products

141

National Distillers

224

i National Lead

flon. Mr. S. H. Dodwell,

191

(1. Miskin, Esq.,

ALOR STAR AMRITSAR

143

Nat, Fower & Light

K. S. Morrison, Esq.,

Amer. Sting and Ring Co.

BALGON

451

National Supply Corp.

Hon. Mr. T. E. Pearce,

BATAVIA

IPOH

SEE MBAN

Amer, Sugar Refining

151

New York Central

*15

43 1/

SPOT

buyers 11-15/16

buyers

Change

C. C. Roberts, Esq.,

BOMBAY

Amer, Tel, & Tel

1681

Niagara Hudson Power

Amer. Tobacco "B"

711

N. American Aviation

DECEMBER

12-1/16

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

CALOUTTA

KARACHI KLANG

SHANGHAI

SINGAPOR

ACESOIES: KOKO

SITIAWAN.

Amez, Waterworks

OLIVE STREET

** 4

North American Co.

171

JANUARY

FEBRUARY

12-1/8 Market closed, 12-3/16

Chief Manager. FAIL PRACT

KUALA

BOURABAYA

Anaconda Copper

Sorthern Pactic

CANTON

LUMBUN

TALPING

Atchison, T. & 8, Fe.

Owens-Illinois Glass Co.

Branches:

12-3/18

Bank Buying Rate

Bar Silver per oz

Nom.

Aviation Corp...... Baldwin Lecorative Baltimore & Oblo 'Barber Asphalt Co.

Barnsfall OL Bendix Aviation Bethlehem Steel Bliss J Ca

Pacific Gas & Elec......

CAWNPORS CZBU

KUCKING

TIENTSIN

MADHAS

TONGKAH

28+

Amoy

Johore

Packard Motors

Bangkok

Kobe

Pan-American Airways

Batavia

Kowloon

101

Paramount Pictures

Bombay

Kuala

Rangoon Saigon San

Francisco

COLOMBO

MANILA

(Bhuket)

DEZEI

MRBAN

THINGTAO

Pennsylvania RR.

Calcutta

Lumpur Shanghai

Philadelphia Read, Coal

Canton

London

Singapore

871

Chefoo

Lyons

Bourabaya

Phillips Petroleum

391

1st #

Colombo

Malacca

Public Service of NJ,

30元

Sungol

Dairen

Manila

191

Pullman Inc...

261

Foochow

Muar

Swatow

»Borg-Warner

217

Pure Olt.

Haiphong

(Johore) Tientsin

_Briggs_Mfg.

-247-

Radio Corpo, of Am. ......

Bankow Mukden Tokyo

Reading Company,

Com

141*

Harbin

Canadian Pacific R'way

Remington Arms Co., Inc.

Iloilo

5%*

Case, JI..

Republic Aviation Corp.

ipch

Penang.

the both

NEW

Celanese

281..

Republic Steel

224

Chesapeake & Ohio

421

Revere Corp.

121

(REUTER'S SERVICE)

Chrysler Corpn..

194

Reynold Tobac. “B”.

347

મ

New York Cotton, Dec. New York Rubber, Dec

High 10.13 20.90 20,80

Low

Prev. Today's

Close Close Change #.98 10.08 10.03 .05 off 20.38 20.80 .18 of

Columbia Gas & Elec.

Safeway Stores

423

Commercial Credit Co.

321

Schenley. "Distillers

101

Com, & Southern (Ord.)....

Sears Roebuck

782

Consolidated Edison

Shell Union Oll

Consolidated Ol

891 88 844 13.08 12,98

631

881 894 89 841 13.15b 19.01

Socony-Vacunum Oll

Continental Can

Southern Pacific

ALSO up to date SA DEPOSIT Boxes in various sizes To Lan Hong Kong, 28th February, 1940.

Continental on

201

14 of

Southern Rly 45 pid. .....

23-

Patani

New York Tsingtao Paiping Yokohama

(Pekin)

FOREIGN EXCHANGE and Gineral Banking Business transactaď.

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

SAYINGS ACCOUNT also spened in Local Currency and Sterling with

CURRENT ACCOUNTS opened in interest allowed at rates obtainable

| LOCAL CURRANOY and Fixm DesusITS 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

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

British Income Tax overpaid, on terms which may be ascertained as any of the Agencies and Branches.

R. A. CAMIDGE,"

Manager.

HAIPHONG HAMBURG KANKOW

NEW YORK PRIPING"

YOKOHAM

Copperweld Steel

191*

Spicer Manufacturing Co.

341

MARKET

Stagnant.

Close 10.08/09

Opening

Closing

Change

Curtiss Wright (C)

Standard Brands

10.08/08 10.03/04

.05 off

} ...... 10.00/00

Curtiss Wright "A"

*291

Stand Gas & Elec.

I1*

9.99b/10.01a 9.95 N

.05 off

Deere & Co.

Standard Oil of California

10.09/10

10.10/11 10.04/04

.ÖS T

Distillers Corpn. Seagrams

Standard Oil of N.J.

10.03/04

10.03/03

9.99/99

.04 off

Douglas Aircraft

81+

Stope & Webster

9.89/89

9.55/57.

9.58/58

Spot.....

.10.08 N

-934/84 -- 9.45/45 10.03 N

05.00

Du Pont de Nemours

1861

Studebaker Com

.10 of

Eagle Picher Lead....

111

Swift International

181

.05 off

Eaton Mfg. Co

33%

Technicolor

U. 5. DOLLARS

Total sales Friday:-206,800 bales.

Elec. Autolite

***** 357

Texas Corpn.

387

NEW YORK RUBBER Decembar

Elec Bond & Share

Texes Gulf Sulphur

361

20.98/98 20.90/90 20.836 20.57/57

unquoted

May

20.45b/55a 20.39/39

20.80/80 20.45b 20.40/40 20.20b

.18 of

Elec, Bond & Share $5 pf:

Timken-Axle

280

.18***off

Elec Boud & Share $6 pf. 66

Trans-America Co.

17 off

Elec. Power & Light 7 pl.. 31

20th Cent. Fox.

20 off

Flatkote

Union Bag & Paper Corp.

Gen. American Trans,

532*

Union Carbide & Carbon

731

THE CHASE BANK

Gen. Electric

.35

Union Pacific

B31

July

887/883 881/88 894/89+ 88/871 871/871 881/89 841/847 831/831 85/86

Gen. Motors

504

United Aircraft

451

18, QUEEN'S BROAD, CENTRAI

טו t

Gens Raliway Signal

United Airlines-Trans

181

Gen. Tire & Rubber

United Corpa

14..

HEAD OFFICE!

Friday's sales:-18,036,000 bushels CHICAGO CORN December

Glidden Co.

152

United Corpn. $3 cum pl.

324

Goodrich (BF)

• 151

United Gas Corpn...

May July

NEW YORK HIDES December March

13.15b 12,90/90

€39/631 631/834 643/641 641/641 641/64) 857/851 642/642 641/844. 851/65

13.08/06 13.01/01 12.75/75

12.77/77

uriquoted.

4.04

Goodrich $5 pf.

2 up

United Gas Improvement 104

Goodyear Tire & Co.

18-

| U.S., -Indústrual Alcohol. ...

221

Great Northern Iron Ore

172

U.S. Rubber

1 up

.14 off .13 off

241

An American Bank odering comLi plete Foreign Banking Servic in the principal Markets of the world.

Great Northern Rly, pfd.

281

U.S. Rubber $8 pfd.

811

Interest Bates on Application...

Great Western Sugar

217*

US, Smelting

HONGKONG SAVINGS

BANK

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

For the HONGKONG & SHANGRAY BANTING CORPORATION.

V. M. GRAYBURN,

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

BANK OF EAST ASIA; LIMITED

5,598,800.00

| Authorised Capital.....$10,000,000.00

Paid-Up Capital Reserve and Undivided

Profita

2,3,281.60

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

BIR SHOUDE CHOW, Chairman Li Koon Chen, Esq. Li Lan Bang, Eat. P. K. Krok. Eag. Wong Cha Son, Esq. Wong Tun Tong, Esq. Kan Ying Pe.. Chatt Ching Shuk, Esq. Fang Ping Wab Esq

18, PINE STREET,

NEW YORKKAN TONG PO, ESQ., Chief Manager

Tu Fora, Esq., Manager

·Brancher and Agencies;--

Kowloon Loudon

Pranc Bing spore BLANCSON Boumabaya

Halborsie Bak Fran- Bydney

Amoy

Bombay

Hil Balgoo

Creatis

'Greyhound, Corpn.

114

Ü.8. Steel

SAFE DEPOSIT BOXEB

Hadphong

Haganska

Hankow

New Tork Stallë.

confer

Hercules Powder Co,

73*

Vanadium

341

Bonoluia

Faris

Homestake Mining

81.

Vultee Aircraft

81.

This Bank is entirely owned by

Kode"

Bhangha

Int Nickel

281

Walworth Co.

THE Chan NATIONAL BANK

Inter. Paper & Power

164

Int. Tel. & TEL .....

Warner Bros. Pict. Westinghouse Elec.

Naw Your, with Resources of

U.S.$2,900,000,000

1041

361

Woodward Iron Cor. Chase Nadmial Bank National City Bank

317

*33*

271"

FROM ROZA BROS,

Saturday, Nov, 18. Silver prices dropped 1/18 yes- terday for both "deliveries, quotations were 231/4 for

Ready and Forward. Silver ad- vices reported the market as be- ing very quiet and featureless. American Silver was" quoted 34.3/4 for Spot

NEW YORK STOCKS:-Previous close, 135.59 Today'a close,TM 13473;

Change, off 88.

YORK COMMODITY MARKET

The London/New York crossChicago Wheat, Des. ratè was quoted at 403.1/2. York/London was quoted at

STERLING

New Chicago Corn, Dec.

404 New York Hides, Dec.

NEW YORK COTTON Dec. (New contaret) January March May July October

There were sellers at 1/2.31/32 November-January. buyers at 1/3 for Cash, No business was report- ed.

A small transaction was report- ed at 339/16 for December. The

market closed with sellers at 23. January 3/16 for Cash. buyers at 23.5/8 March for. CashTM

SHANGHAI DOLLARS

...... 20.40b Total sales:-310 tons. Business was done early in the CHICAGO WHEAT morning at 390.1/2 and 397. The December

market closed with sellers at 397. May.............. buyers at 398

SHANGHAI MARKET Sellers. of Sterling Kor Spot were quoted at the opening at 3,51/64 and U.S. Dollars at 5,31/32.. Towards the close sellers for Sterling were quoted at 3.49/84 for Spot and' US. Dollars at 5.29/ 32 for Spot

Shanghai Exchange

Shanghai, Nov. 18 (Reuter).

Official T.T. Rates

London

New York

Japan

India

Hongkong

Spot

Nov.

Dec

Spot

ΜΟΥ.

́24-3/8 ..

Opening 0/3-11/16 5-3/4

..... 20-3/8 N 24-1/2..

Sterling

Rellers

Opening Closing

0/3-51/4 0/3-49/64 0/3-51/4 0/3-49/64 ́0/3-28/32 -0/3-3/4

U.S. Dollars

$5-31/32 $5-20/32

5-31/32 5-15/16

5-29/32 Doc......

5-7/8 Market:-Inclined to be easy.

Silver 'Duty Rate

The Central Bank of China's rate on London at 10 am.. today was 1/2-1/2a.

The Equalisation rate was 23

per cent.

Galcoma Exchange

mugita, Nov. 16 (Reuter).

TT, on Japan, 81-1/4

India Rupee Paper

Bombay, Nov. 16 (Reuter), Govt. 34% Rupee, 02-06-0,

SILVER MARKET ROMBAT HILVER"

Bombay Hor: 15 (Router), bet-Steady, oftake 25 bars

Ready

· Rodina Mini Bilyer

26 Settlemanić

Dec. 27" Settlement

61-21

61-12

61-13

Total sales for the day:-122 lots. N.Y. Official Silver ... 34-3/4 NY-London Cross. Rate 4.04

LONDON STOCK | LONDON METALS

EXCHANGE

(REUTER'S SERVICE)

London, Nov. 15.

The following quotations are the

· EXCHANGE

London, Nov. 14 (Reuter). Tin, Standard, Cash, Price £259-1/4

Middle

Tin, Standard, 3 months. Middle

Market quiet and featureless,

middle prices at the close of the Price, £280-5/8. market in London. All quotations are subject to confirmation and no responsibility is assumed for errors

in transmission.

War Loan, 31% (Red,

after 1952) anton-Kloon Rig. 5% B" hinese 41% Gold Loan

1898 (Brit. Imme

hin. 44% Anglo-French

Loan, 1908

Chinese 5 Crian Loan.

1912

Chinese 5% Reorg Loan

1913-(Ldn-Is)-

བུ་

Jap, 8 Ster Loun, 1924 271

Ger 7% Inti. Loan, 1924 8 Chartered Bank ...

Budd Mfacturing Corp.

Kennecott Copper

Lai ry Foundry & Mac. Libbey-Owens-Ford Glass 461*. Lockheed Aircraft

1040

30%

DOW JONES AVERAGE

High Low Dow Jones Averages

182.80 111.84 30 Tndustrials

32 67 29.15.20

Rails

Nos," 18, 135.59

20.93

Nov, 17, 3940.

High Low Close

Change

135.62 133.99 134.73 86 off 39.61 29:46 29.51 42 aff

NET

38.45 18.03.20 Utilities

90.00 83.00 40' - Bónda

64.07 48.47 11 Commodity Index

21 081.05 20.87 20.96

90.94

57.45

10 off 90.70.14.off .87.44 .01 off"

Business Done-490,000 shares

D. M. BIGGAR,

Bacond Fios Pram

A Job

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

SWATOW SHANGHAI TSINGTAU, CHEFON

1018

HK, & 8'hat Bank (Ldn

Reg.)

HK. & Shai Bark (Col

Chinese 5% Gold Bonds.

1325-47

Feg) Chinese Eng. & Mining

+ DESFETI

14/-

Chosen Corporatiun

Pekin Sudicate".... ..... S'hal Elec. Constr. Co. ... 15/- Bhal, Waterworks “A”.

-Uniori-Insurance i

Chinese: 8% Ster. Noter ----1925 (Vickers)”

Chin. Imperial Rly, 5%

Gula Kalumpong Rubber 15

B-A, Tob, (bearer)

[9077)

Mercantile Bank

..... 101

Loan

Dunlop Rubber

-33/8

Yonan Rly, 8%

Bristol Aeroplane

10/8

Imperial Chemical Ind. 29/9 United Steel

21/9

Woolworths

160":

All steamers berth alo

Maraman Investments 7/6

the Roosevelt Terminal

Western Holding's

9/3

the French Concessit

Sub-Niger

178

Shanghai, where pass

hell Trans&Trad.

and cargo are landed:

(bearer)

37/6

For further per

please

Hukuang Rly 5%. 1911..

(LP. N/Y Issue) Aukuang Rly 5%, 1911

<German Issue) Lang Tsing & D. Hai.

Riy 5% 1913...

S'hal-N'King Rly, 5% 11 Tientsin-Pukow Rły, 60%.

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

(derman Stud) Tientsin-Pukow Rly 6%

(Brit. Stpd, Bupl. Loan Tientsin Pukow Fly, 5% (Ger Stød, Supl Loan)

Nat Defence Bonda, 3% 1013 London-Midlands-Scot-

tish 3%

Great Western Rau

way: 3

Nat Bank of India 894

and TIENTSIN

KOBE and OSAKA

BINGAPORE FENANO and CALCUTTA

SANDAKAN

HAIFHONO

LATHESON& Co. Li

TELEPHONE ZOMIL GENERAL MANAGERS

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

Current Accounts epened in Locali Currency and Fixed Deposita re- ceived for

one year or shorter perioda in Local and Foreign Cur rancies on terms which will be quoted on application.

SAFE EXPOSIT Boxks To Lar

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Bpecially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB 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 Atrodipal Commercial-Centres of the World, we are able to extend to our Clients special facilities-for- Domestic and Foreign Banking and Exchange

Head Office:—SHANGHAI Hong Kong Branch.

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

KONGMOON TOISHAN

CANTON BWATOW

SHIUCHOWKINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chinese Government bota, at Home and Abroad.

1940-11-18 — Page 10

Comments

Private Research Note