STOCKS
Last Sale!
July 1
July 1
Adams Express
53
.251
Alleghany Steel 00..
21
31.
£
Allied Storen
Libbey-Owens-Ford
Glass
35
Allis Chalmers
27*
Lockheed Aircraft
231
War Loan, 31% (Red
after 1952)
971
Aluminium Ltd,
55*
Loew's Inc. ...ve
24h
Cantor-Kloon Aly, 6% 8
Amer, Can
96
Loft Incorporated
232
Chinese 41% Gold Loan..
American Cyanamid "B
322
Mack Truck Inc.
194
1898 (Brit. IDE),
43
· NEW YORK, July 1, 1940.
*
Amer, & Foreign Power ...
14
Martin, Glen L
281
Chinese 5% Gold Bonds.
"Amer
& Foreign $t pl.
15
McKesson & Robbing, pt4. 21*
1925-47
43
SINGAPORE RUBBER
"American Gas & Elec...
33
Monsanto Chemical
892
Chin. 41% Anglo-French
Amer. Locomotive
12+
Montgomery Ward ...
JBT
Loan, 1908
SPOT
Amer. Metals Co.
13+
National Aviation
.04
Chinese 5% Crisp Loan.
Amer, Radiator
*60
Nat. Dairy Products
131
1912
JULY-SEPT... .............. ......AKE KUTIMI
OCT-DEC.
Amer. Rolling Mill
11
Nat. Distillers ......
19*
Chinese 5% Reorg. Loan.
Amer. Sting and Bing Co.
37
National Gypsum
64
1913 (Ldn. Is.)
24
Amer, Sugar Refining
13-
National Lead
184*
Chinese 8% "Ster, Notea.
Amer. Tel, & Tel.
159€
Nat, Power & Light
74
1925 (Vickers)
Amer. Tobacco "B"
77
National Steel Corp.
673
Chin. Imperial Rly, 5%
SPOT
Amer, Waterworks
" et
National Supply Corp.
51
Loan
56
JULY
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE®
QUOTATION
(REUTER'S "SERVICE)
JULY 2, 1910
יי
STOCKS
Kennecott Copper Lakey Foundry & Maci
Last Sale
LONDON STOCK EXCHANGE
London, July 1 (Reuter).
• 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.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
WEDNESDAY, JULY 3, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $50,000,000
INDIA, AUSTRALIA
SAND CHINA
Issued & Fully Paid-Up £90,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund
Sterling...............
E.K. Currency Reserve $10,000,000 Reservs Liability of Pro-
deserve Liability of
Proprietors.....$20,000,000
"Head Offices:—HONG KONG
Board of Directors: H. V: Wilkinson, Esq.,
Chairman. Hoa Mr. J. J. Paterson,
Deputy Chairman,
J. E. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. §. H. Dodwell, » G. Miskin, Esq.,
K. S. Morrison, Esq.,
T. E. Pearce, Esq.,..
C. C. Roberta, Esq.,
Hon. Mr. A. L Shields,
Sir Vandeleur M. Grayburn,
Chief Manager.
priatör
£3,000,000 £3,000,000
....................£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate E.GL Sub-Agencies In London:
117/199, Leadenhall Street, E.C.&. West End Branch: “14/16, Cockspur Street, 8.W L Manchester Branch:
52, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
HARRIN HONG KONG ILOILO
ALOR STAR AMBITRAR BANGKOK BATAVIA BOMBAY
CALOUTTA
IPOK
PERTANG
RANGOOR
SALOON
BEREMBAN
KARACHI KLAKA
SHANGHAI
"BINGAPORE
HITIAWAN
BOURABAYA
AGENCIES: KO OLATE STETT PALLIN FT.
CANTON
KUALA
LUMPURĀ TAIFING
Previous
July 1 Close Opening Closing Change Buyers Buyers
36-1/2
******
33-1/2
38-5/8-36-7/8 33-5/8 34 cts. 32-1/4 32-3/8
up.3/8
.up 1/2
The market was steady but quiet.
LONDON RUBBER
Previous close Today's close
buyers"
buyer.
Change
***... *d' ...... 13 13
13
unch.
Anaconda Copper
20.
New York Central
11
Honan Rly, 5%..........
12
AUGUST
12-1/4
12-3/8
up 1/8"
Branches:
CAWNPORE
KUCHING
TIENTSIN
Atchison, T. & 8. Fà
151
Niagara Hudson Power
43
Kukuang Rly. 5%. 1911...
OCT.-DEC.
11-1/2
11-3/4
up 1/4
"Amoy
Johore
Aviation Corp.....
ક
N. American Aviation
164
(LP. N/Y Issue)
14
JAN.-MARCH"
............. ............. .............. 11-1/8
11-3/8
Bangkok
Kobe
Rangoon Saigon
43
MADRAS
TONGEAR
COLUMBO
MANILA
(Bhukot)
Bacock & Wilcox
23
North American Co.
201
Hukuang Rly. 5%, 1911
Batavia
Kowicen San
DELILI
MIDAN.
THINGTÂU
Baldwin Lecometive
.14
Northern Paciāc
8
(German Issue)
11
Baltimore & Oblo
37
Owens-linois Glass Co. -
49
Lung Taing & U. Hai
Harber Asphalt Co.
£1
Pacific Gas & Elec
291-
Fly, 5% 1913
Barnsdall. Off
S
Pacific Lighting
41
S'hal-N'King Rly. 5%
Bell Aftcraft Corp.
141*
Packard Motors
31
Bendix Aviation
271
Pan-American Always
141
Bethlehem Steel
75
Paramount Pictures
$
"
Bliss Co.
131
Pennsylvania BR
191
Boeing Airplane Co.
135
Phelps-Dodge
271
Borg-Warner .....
15
Philadelphia Read, Coal
01"
Bridgeport Brass Corp, ........
9
Phillips Petroleum
311
Briggs Mfg. ..................
16
Pittsburg Coke & Iron...
61
Brooklyn-M'hattan Trans.
201
Public Service of N.J,
364
(Ger. Stpd. Supl, Lean) 8 Jap. 5% Ster. Loan, 1907
Budd M'facturing Corp.
32
Pullman, Inc.
Jap. 6% Ster. Loan, 1924 25
201
Ger, 7% Intl. Loan, 1924 5
Canadian Pacific R'way
3
Pure Oil
77
Chartered Bank
53
Case, J.L
478
Radio Corpo, of Am.
41
H.K. & Shal Bank (Ldn.
Celanese
201
Reading Company.
Com
111
Reg.)
Chesapeake & Ohle
Remington Arms Co., Inc.
48*
E.K. & Shal Bang (Col.
Chrysler Corim, ş......
62
Republic Aviation Corp.
41
Izeg)
59
Oilmax-Molybdenum Co.
271
Republic Stool
162
Chinese Eng: Mining
Colts Patent Fire-Arms...
741*
Revere Cop, & Brass Inc.
9
(bearer)
16
Columbla Gas & Elec.
61
Reynold Tobac. "B"
364
Chosen Corporation
6/8
Columbia,0% "A" PL., .........”
821 .
Richfield Du
Pekin Syndicate ........
2
New York Cotton, Oct. New York Rubber, Sept.
Commercial. Credit Co..
287
Safeway Stores ·
41...
S'hai Fee, Constr. Co.
15
Com, & Southern (Ord.)
14
Schenley Distillers
81
Shai Waterworks. “A”.
13
Consolidated Edison
28.
Sears Roebuck
72}
Union Insurance
20
Consolidated Of
B
Shell Union Oil .....
81
Gula Kalumpang Rubber
15
Continental Can
381
Socony-Vacunum Oil
81
Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, Sept NEW YORK COTTON
B.-A. Tob. (bearer) ......
63/9
7
Continental Oil
172
Southern Pacific
8+
July
Mercantile Bank
114
Copperweld Steel
-171
Southern "Riy 35 pfd. ..
177
Dunlop Rubber
23/41
Corn Products
49
Sperry
35%
Bristol Aeroplane
7/3
July (New contract) October
Curtiss Wright (C).
7.
Spicer Manufacturing Co.
24
Imperial Chemical Ind. 23
December (
•
Curtiss Wright "A"
231
Standard Brands
8
United Steel
15
January
19
( >
*Deere & Co.
154
Stand Gas & Elec.
*
Woolworths
44
March
Distillers Corpn. Seagrams
14
Standard Out of California
18
Maraman Investments... $19,
May
Douglas Aircraft
67
Standard Oll of NJ.
321
Du Pont de Nemours
1571
Stone & Webster
Western Holdings .........
Spot
81
Sub-Nigel
160
Eagle Picher Lead
84.
Studebaker Com
01
Shell Trans, & Trad.
Faton Mfg. Co.
287
Swift International
178
NEW YORK RUBBER
(bearer)
30/71
Elec, Autolite .....
30%
Mec. Bond & Share
Technicolor
Texas Corpn.
10
July
Nat. Defence Bonds, 3% 981
37
Londen-Midlands-Scot-
September
Elec. Bond & Share $5 pt. 58
Texes Gulf Sulphur
304
December
tish, 3%
11+
Elec. Bond & Share $6 pt. 68
Timkan-Axle
221
Great Western Rall-
January
Elec. Power & Light $7 pf.. 284"
Trans-America Co.
41
way, 3%
28
Fisk Rubber
10*
20th Cent. For
01
Nat. Bank of India, 3%
Tintkote
N
122
20th Cent. Fox, $14 pf. .....
284
March May
151*
Nominal
Total sales:-580 tóns,
Gen. American Trans.
42
Unlon Bag & Paper Corp.
104
Iex-dividend
Gen. Electric
314
Union Carbide & Carbon
88
CHICAGO WHEAT
Gen. Motors
-428
Union Paciác
79
July
Gen. Railway Signal
101*
United Aircraft
327
Gen. Tire & Rubber
121
United Airlines Trans
181
Glidden Co.
123
United Corpa,
2"
Goodrich (BF)
122
United Corpn. $3 cum pt. 344
Goodrich $5 pf.
50
United Gas Corpn.
17
Goodyear Tire & Co.
141
United Gas Improvement
12
Great Northern Iron Ore ..
134
UB., Industrual Alcohol, ...
171
Great Northern Ray, pfd. 22%
US, Rubber
191
Great Western Bugar;
22
US. Rubber $8 pfd. ....
774*
Greyhound Corph. au
112
UB. Steel
501
Hercules Powder Co,
E
821
Vanadium
301
Homestake Mining
·43
Vultse Aircraft
International Harvester ...
381
Walworth Co.
31
Int Nickel
221
Warner Bros, Fiet.
21
SILVER MARKET
LONDON SILVER
London, July 1 (Reuter). Silver:-Bear covering together with speculative buying forward. Offers
Business small Market steady. In the afternoon,
limited.
the market was quietly steady,
Spot, 21-11/16d.
Forward, 21-11/164.
BOMBAY SILVER
Bombay, July 1 (Reuter). Market--Quiet but steady, on-
take 150 bars,
September
December
CHICAGO CORN
July...
September ..om December
WINNIPEG WHEAT
July
October
December
'i
NEW YORK HIDES
Inter. Paper & Power
12%..
Westinghouse Elec,
801
Indian Mint 50ver
September
Int, Tel. & Tel
21
Woodward. Iron Cor.
231
Ready
Johns-Manville
544
J. & Laughlin Steel sy pid.. 58*
Chase National Bank National City Bank
July 30 Bettlement
62-02 61-15
December
New York Official
Aug. 28. Bettlement
•bid. t-ex, div.
DOW JONES AVERAGE
· 1939/40.
tiga
July
Low Dow Jones Averages Jane. 38, High Low Close Change
5.99 11184 30 Industrials
5,90 29 15 - 20 Rails
7.70 18.03
Utilities
3 25 83 06 · 40 Bonds
191.87
28.18
22.67
87,17
0687 45.59 11 Commodity Index 61.8%
EXCESS PROFITS
TAX IN U.S.
Tientsin-Pukow Rly. 5%
(Brit. Stpd.). Tientsin-Pukow Rly. 5%
(German,Stpd.) Tientsin-Pukow Rij. 5% (Brit. Stpd. Supl, Loan) Tientsin-Pukow "Riy. 5%
7. The market was steady and quiet.. Business moderate.
'NEW YORK COTTON: July meets with scattered Hquidation
as it approaches maturity but we believe that the tight Spot situa- tion is likely to result in further strengthening of old crops.
NEW YORK RUBBER: The market rallied due to the confirma- tion of the report that the government would purchase rubber and tin for defensive purposes...
„CHICAGO - WHEAT: There has been a temporary subsidence of July liquidation but there is apt to be a renewal as it approaches maturity and this caused nervousness and curtailed support early in the day. Local traders evened up towards the close,
"NEW YORK STOCKS:
121.12; Change, of 75.
Previous close. 121.87; Today's close.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Change .07 up .44 up
4 up
---INDO-CHINA
121.77 12079 199.1975-00!
25.88 25.60 2670 22,57
87.08 00 OF STEAM NAVIGATION COMPANY. LTD.
51.54.25 off
Business Dona't-970,000 shares y Operating Services for Cargo and Passengers
EGYPTIAN COTTON
FOR DOMINIONS.
WASHINGTON, July 2 (Reuter) CAIRO, July 2 (Reuter) It is President Roosevelt has request- understood that negotiations are Red Congress to enact ateeply proceeding between the Egyptian raduated excess profits tax ap-and-British Governments for the plicable both to individuals and disposal of the entire Egyptian
cotton crop next season. corporations.
The crop will be distributed suggestions regarding the rate or among the Dominions,
The President made no special
eld of the tax, but it is believed Congressional circles that the
will be similar to that levied
the Great War,
LONDON GOLD
London, July (Reuter). Gold, Fine per as 168,
LONDON METALS
EXCHANGE
London July 1 (Renter); Tin. Standard, Cash, Middle Price, 231-3/4
Tin, Standard 3 months Middle
Pride, 260-3/8.
F
SWATOW, SHANGHAL TSINGTAU," CHEVOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside. the Roosevelt Terminal ia the French Concession st Shanghai, where passengers and cargo are landed.
For further particulars
please apply to~!
ARDINE
EPHONE SOJIES.
BON&Co. L ERAL MANAGERS
Colombo Dairen Foochow
Bankow Harbin Iloilo Ipoh
Patani Swatow
(Johore) Tientsin Makdon Tokyo New York Tsingtao. Peiping Yokohama Penang
CUTHENT Accounts -opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter periods in Local and other Our rencies on terms which will be quoted on application.
Argo up to date SAFE DEPOSIT Boxes in various sizes To LaT Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank 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, 1938.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.0 (BRAKORES ALL OVER CHINA) Owing to our numerous Brasher in China and connections in thi principal 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, 0. South China Offices:
CANTON
SWATOW
KONGMOON TUISHAN
PRIPING
(Peking)
FOREIGN EXCHangs and Gewerså, Banking Business transacted.
QUERENT ACcourts opened and FIXED DEPOSITS received for One. | Year or shorter periods in Losal or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTs also opened in Local Currenty and Sterling with interest allowed at rates obtainable on application.
"The Bank's Head Offes in London. undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches
R. A. CAMIDGE,
Manager.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com- plete Foreign Banking Bervice in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by T CHA NATIONAL BANK, New Youx, with Besources of ovul “U.B.$2,900,000,000,
D. M. BIGGAR,--
Sacond Vice Pres
BANK OF EAST ASIA, LIMITED
Authorised Capital Paid-Up Capital Reserve and Undivided.
Profits
$10,000,000.00 °: 6,508,000.00
-2,963,267.50
Head Office:~HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
BLE SHOUSON Cnow, Chairman LA Kown Oran, Esq. Li Lan Bang, Eng P. K. Krok. Eq Wong Chu Son, Raq. Wong Yan Tong, Eat.” Han Ying Po. Bac Chan Ching Bhuk, K. Fang Ping: Wah. Enj KAN TONG PO, Esq., Chief Manager LI Tas Foro, Esa, Manager
We also handle the issue of Bondr and other Public Funds of the Chinese Government both at Home Bombay and Abroad.
KHOU J. CHEN,
¦ THE: MERCANTILE BANK
OF INDIA, LRITED
Branches and Agencies,
Haiphong
Bankow Hozolain
•Kilbourne Ben Feza- Sydney
New York Bantika 24- "Paris: "Bemarnag.
• Paping {{...... Mbangkai.
Every description of Banking and Exchange business transacted. Loans grated on approved securities
Current Accounts opened in Local Currency and Fixed Deponita re ceived for one year or shorter. periods in Local and Foreign Cur rencies on terms – which willko £1,000,000 £2800 me quoted on application 21,060,000 Bare Exposit Boxes To Læri
KAN TONG PO
Head Officer-15. Gracechurch Street, Hold me on London, EC3 Asthorized Oapital... Anteoribed Capital
Paid-up Capita!
Reserve Fund and Best
BANKERS;
The Bank of England and Midland
Bank, Ltd.
BRANCHES;
Chief Manager
Esala Trenggono THE KWANGTUNG PROVINCIAL
A BANK
Bangkok
Ipoh
Bombay
Thank-
Calestés
HARTRES
New Tai
Coloube
Kandy
Pessag
Deki
Bangoon
Khila -Kota Bharu
Hongkong: Konia Lipis, Simming
Howrah Kala Lumpar
šlagspore
BMW HONG KONG BRANCH:
E description af Backlog
Exchange
TRUSTEE AND EXECUŢORSHIP
SE: UNDERTAKEN OU SEM OUBRENT ACCOUNTS opused", In: Legal Care Crady (and FIXED DEPOSīka reodred. In Loon); Currency: je #EEELING OFF terme, that may be
OBENSONAN
~{inaursornárd In China);
Geverni. Banking Facilities and Pinandal. Agunte de The Prozinalat fenomenovat of Kartung Head Office-hlukwung Kwangtang Provinof?PA Hock Keng Thạch Giao thác Phần Cable Address PROVINCIALLY TEM, SHAR. Ce Alps, Telephones:
28112 20113, 24141, 20181, 31081
BRAN
GHOUT.
Bombay
Kuala
Francisco
Calcutta
Lumpur Shanghai
Canton
London
Chefoo
Lyons
Singapore Sourabaya
HAIPHONG HAMEDRO HANKOW
NEW YORK
TUKUHAMI
Malacca Sunge!
Manila
Muar
Haiphong
Close
Opening
10:20/20
10.15/15
10.42/42
unquoted
9.19/10
0.17/18
Prev. Today' High Low Close
·9.26
9.19 9.11 19.32 18.85 18.88b 19:32 751 731 741 751 58 561 57+ 571 10.50 10.20 10.45 10.50
Closing 10.16/16. 10.38 9.26/26.
Close 9.26
up
up
,05 up Change
.04 off .04 "DE
.07 up
9.04/04
0.01/02
9.10/10
.06 up
8.94 N
unquoted
9.01n
.07 up
}
3.771/77
}
8.81/61
8.74/74 8.59/58
8.84/84
.07 up
10.73 N
8.681 10.69 n
.07 up
.04 ..off
Total sales Saturday::-3,500 bales.
21.49/55
1148 Nunquoted
21:30b/50a 18.88b/19:00 18.00b/19.10a 19.32/32 18:35/35 17.74b/85a 17.72b
18.10
.19 of 44 up
17.30 N
unquoted
17.23 N
17.90b 17.83m
,,61 op 81 up .60 up *.60 up
741/741
747/75
740/744 751/76
14/74
751/757
4 up
751/76)
782/761
7 up
Saturday's sales:-17,202,000 bushels,
592/597
205/601
up
67/57
542/547
571/574'- 57/671 541/548 55+/551
up
714a
735a
CLOSED)
74ta
SHIUCHOW KINGCHOW
A
10.45/45 10.57/60 ****** unquoted NY-London Cross Rate 3,81.
10.30b/52a 10.50/50 10.53b/65a 10.69/69
34-3/4 3,79
סם 05.
12 up
Torricon Pear
London Mania.
Randden
Bagsporw
Manager