PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JULY 3, 1940
On London:
Telegraphic Transfer. 1/8. 7/8/ Bank Bills, en demand 1/8 7/8 Credits 4 months' eight 1/3 1/2°
On Shanghai:—
On demand 370.
On New York!-----
Bank Bills, on demand 23 1/8 "Credits, 60 days' sight 2.4 1/4
On Batavia:-
On demand .....................
Bank Bills, on demand 1086 Credits 4 months' fight 1160
Ón Balgon:—
On Paris:-
On Bangkok:-
I
Shanghai, July 3 (Reuter).
Official T.T. Rates
Sellers
NEW YORK STOCK EXCHANGE
QUOTATION
*(REUTER'S SERVICE)
JULY 3, 1840
18
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
·COMMODITY MARKET REVIEW
The market was stendy but quiet.
The market was quiet but firm.
NEW YORK COTTON; A feature was the switching from near to distant months. The Trade bought near the close, with the South selling.
NEW YORK RUBBER: The market reflects an easier" spot situation and the Trade is reported exchanging actuals for futures. CHICAGO WHEAT: Hedging and realizing caused easiness, but prices rallied on mill buying and on evening up by local interests. The movement in the South-West is increasing.
NEW YORK STOCKS: Previous close, 121.12: Today's close, 120.96; Change, off .18. ..
NOTICE: All American markets will be closed on Thursday, July 4, 1940 (Independence Day).
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
THURSDAY, JULY
BANKS
1940.
HONGKONG & SHANGHAI THE CHARTERED RANK OF
BANKING CORPORATION
Authorised Capital....... 850,000,000
INDIA, AUSTRALIA
AND CHINA" ..
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1859-
Reserve Funda:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Sterling
£6,500,000 Rearve Fund
Paid-Up Capital
£3,000,000 £3,000,000
Reserve Liability of
Proprietors
prietors...
........£3,000,000
$20,000,000
Head Office:-HONG KONG.
41
Board of Directora: H. V. Wilkinson, Esq.,'
Chairman. Hon. Mr. J., J. Paterson,
Deputy Chairman.
J, K. Bousfield, Esq. A. H. Compton, Esq., Hon. Mr. & H. Dodwell, G. Miskin, Esq., K. 8. Morrison, Esq.,
T. E. Pearce, Esq.,
C. C. Roberts, Esq.,
Hon. Mr. A. L. Shields,
Sir. Vandeleur M. Grayburn,
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sub-Agencies In London: 117/123, Leadenhall Street, E.Qa West End Branch: 14/18, Cockspur Street, 8.W 1. Manchester Branch:
52. Mosley Street, Manchester, 2 AGENCIES AND BRANCHES:
ALOR STAR AMRITSAR BANGEDX
Chief Manager. CLITE STRAIT
Branches:
BAIKLIN FLAUM CANTON"
HARDIN
PERANG
HONG KONG MANGOON
KUALA
MATAYIA
ILOILO IPOH
BAIGON
BIKEMBAN
BOMBAY
DALOUTTA
ZARACH1 KLANG
SHANGHAI
SINGAPORA
AGENCIES: KOMI
SITIAWAN
NOURABAYA
LUMPUR:
TAIPING
CAWSPORT
Cont
JUCHING
MADRAH
· TIENTSIM
TONGKAN
COLOMBO
MAXTLA
· DELNI
MEDAN
Francisco HAIPHONG
NEW YORK PRIPING
Johore.. Rangoon
Saigon
Kowloon San
Caloutts Lampar. Shanghai HAMBURG
Esiphong
I
(Bhuket) TSINGTAO TOKOHAMA
FOREIGN EXORAMON and General Banking Business transacted.
CURRENT Accouæ opened and FIXED DEPOSITA received for Ope Year or shorter periods in Local or Other Currencies at rates which. will be quoted on application.
Singapore HANKOW (Peking) Lyons Soursbays Colombo Malacca Sungel Dairen "Manila
Patani Foochow Muar
Switow (Jobore) Tientsin Bankow
Mukden Tokyo Barbin New York Tringtso Iloilo
Peiping Yokohama Ipoh Penang
CURRENT ACCOUNTS opened in LOCAL CURRINCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur rencies on terms which will be undertakes. Executor and Trustee quoted on application.
business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at sny of the Agencies and Branches.
B. A. CAMIDGE,
Manager
ALSO up to date. Sars DEPOSIT
Box in various sizes. To Lax. · Hong Kong. 28th February, 1940,
STOCKS
Last Sale
STOCKS
July 2
Adams Express
Kennecatt Copper
Last Sale
July 2 29
Alleghany Steel Co.
211
Lakey Foundry & Mac, ....
3*
Allied Stores
53
Libbey-Owens-Ford
'Glass' 344°
Allis Chalmers
273
Lockheed Aircraft
231
Aluminium Ltd,
55*
Loew's Inc.
251
On Singapore:-
Amer, Can
95
Loft Incorperated
24
On demand
62-3/4
American Cyanamid B.
32
Mack Truck Inc.
187
(FROM PAYNE & CO.)
On Japan:-
On demand
97 1/2
On India:
Amer. & Foreign Power Amer Foreign $7 pt. ... American Gas & Elec.
18
Martin, Glen L
28
15
McKesson & Robbins, pid. 214
New York, July 2, 1940.
321
Monsanto Chemical
913
Telegraphic Transfer. and demand
es 1/2 Amer. Locomotive
121
Montgomery Ward
SINGAPORE » RUBBER
Previous
Close
39
Buyers
Amer, Metals. Co. ...... .... Amer. Radiator..... Amer., Rolling Mil
131
National Aviation
July 2 Opening Closing. Change
Buyers
561
Nai. Dairy Products
131
SPOT
38-7/8
107
Nat Distillers
201
OCT./DEC.
Amer, Sting and Ring Co. Amer, Sugar Redning
36
National Gypsum
A
JAN./MAR.
32-3/8
36-7/8 37-1/4 up 3/8 34
34-1/2 32-3/8 32-1/2
up 1/2
·up 1/8
134
43 1/4
National Lead ....................
Amer. Tel, & Tel
1591
Nat, Power & Light
LONDON RUBBER
Amer. Tobacco "B"
76
National Steel Corp.
571
Previous close buyers
Amer. Waterworks
9
National Supply Corp.
SFOT
********... 13
Anaconda Copper
194
New York Central
113
AUGUST
On demand “.......
LOA 34
Atchison, T. 8. Fe.
15,
Niagara Hudson Power
SEPTEMBER
12-3/8 ....... 12
Today's close
buyers 13 12-1/2- 12-3/18
Change Unch. up 1/8
up 3/16
Aviation Corp.
43
| N. American Aviation ...
157
On Manila:-
OCT.-DEC.
Bacock & Wilcox
231
North American Co.
201
your 11-3/4
11-7/8
up 1/8
Amoy
On demand
... 48 1/4
JAN.-MARCH
......... 11-3/8
Baldwin Lecometive......
11-5/8
up 1/4
Bangkok Kobe
141
Northern Pacific
8
Bataria
On demand..... 149 1/2 Baltimore & Ohio
37
Owens-linols Glass Co...
491*
Bombay Kuala
On Sterling Notes:-
Barber Asphalt Co.
94.
Pacific Gas & Mec...
291
Bank Buying Rate
1/5 1/4
Barnsdall Of
81
Bar Silver per oz.
13/18
Bell Aircraft Corp.......
Pecite Lighting
414
14
Packard Motors
34
Canton London Chefoo.
Bendix Aviation .....
27
Pan-American Airways
141
Shanghai Exchange
Bethlehem Steel
742
Paramount Pictures........
ད
Bliss Co.
13
Pennsylvania RR.
19/
Boeing Airplane Co.
131
Phelps-Dodge
Borg-Warner
15+
Philadelphia Read, Coal
01
Opening
Bridgeport Brass Corp.
9
Phillips Petroleum"
321
London
0/3-3/4
Briggs Mfg......
161
Pittsburg Coke & Iron
New York
.......... 5-7/8
Brooklyn-M'hattan Trans.
201
Public Service of N.J.
36#
Japan ...
.. 25
Budd M'facturing Corp.
32
Fullman Inc.
211
Parls
Hongkong
20-3/4N 24-7/8
Canadian Pacific 'R'way
27
Pure Oll
77
Case, J.L
Radio Corph, of Am
#1 :
Sterling
Celanese
251
Reading Company,
Com
111*
Chesapeake & Ohio
373
Remington Arms Co., Inc.
41.
Spot
July.
Spot
Opening Closing 0/3-29/32 03/-57/8 0/3-13/18 0/3-7/8 'U.S. Dollars
$6-1/16
Chrysler Corpn.
62+
Republic Aviation Corp.....
· 41.
Climax-Molybdenum Co...
275
Republic Steel
18
Colts Patent Fire-Arms ...
75
Revere Cop & Brass Inc. .
3
Reynold Tobac: "B"
361
80.
Richfield 01-
71
July
281
Safeway Stores
41
New York 'Cotton, Oct.
3
Schenley Distillers
&
New York Rubber, Sept.
281
Sears Roebuck
721
Chicago Wheat, Sept.
63
Shell Union Oil
Chicago Corn, Sept.
381
Socony-Vacunum of
New York Hides, Bept,
...
Prev. Today's High Low Close Close Change 9.30 0.20 9.26 9,29 .03 up 19.59 19.15 19.32 10.15 .17 off
701 74 751 75% 58 561 57% 571 10.60 10,35 10.50 10.36
17
Southern Pacifc.
+
15 Copperweld Steel
18
Southern Rly $5 pfd, ...
181
Com Products
"493
Sperry
351
Curtiss Wright (C.).
Epicer Manufacturing Co. 244
Curtiss Wright "A"
231
Standard Brands
B
Deere & Co.
15
Btand..Gas & Elec,
17
NEW YORK COTTON July July"(New Contract) October ( December ()
Close
10.16/16
10.38 N
Opening 10.12/12 unquoted
10.30n
Change .08 OM ..08 off
40
9.26/26
......B.10/10
Distillers Corpn. Sesgrams
141
Standard Oll of California
181
January 6
1+
9.01 N.
Douglas Aircraft
661
| Standard Oll of NJ.
324
March
ť }
+2
8.84/84
Du Pont de Nemours
1571-
Stone & Webster
*
May
Eagle Plcher Lead
811
Studebaker Com
8pct
...... 8.68 N
10.60 N
3.23/23 9.08/07 8.96b/96a 3.80b/81a 3.65/65
9.29/29
03 up
9.12/12
.02 up
9.0211
,01 'up
8.86/26
.02 up
8.TDIL 10.63
.02 up
08 of
28
|Swift International
314
94
B
Texas Corpn.
375
Elec. Band & Share $5 pt.
Texes Chulf Bulphur-
308
July
21.306/50a
21:15/15
.15 off
Elec, Bond & Share $8 pl. 66
Timken-Axle
221
September
19.32/32
19.27b/57a
19.15/20
17 off
Trans-America Co.
*********
December
18.35/35
18.30b/45a 18.20/20,"
.15 of
Fisk Rubber
11.
20th Cent. Fox.
61
January
18.10 N
unquoted
17.950
.15 off
Flintkote
20th Cent. Fox. $1ł pt...... 17
March
17,90 N
Gen. American Trana
42
Gen, Electric.
31
Union Bag & Paper Corp. 101 Union Carbide & Carbon 884
May
"17.83 N
- 17.95b/18.04a 17.75m..
17.68
.15 of
.15 off
Total sales:-510 tons.
Gen. Motors
421
Union Pacifie
782
11
United Aircraft
324 ·
CHICAGO WHEAT
United Airlines Trans
161
July
13
United Corpn
748/75
21
September
751/751
121
United Corpn. $3 cum pt. 35
751/751
.December
United Gas Corpn.
· 1
761/76.. -77/707
751/751 35+/754 761/764
up
up
up
Goodyear Tire & Co. Great Northern Iron Ore
142,
United Gas Improvement
124
137
|U.B, Industrual Alcohol,
18.
War Loan, 31% (Red
after 1952). Canton-K'loon Rly. 5% 6 Chinese 41% Gold Loan
Great Northern Rly, pfd.
221
U.S. Rubber
10
July
981
Great Western Sugar
22+
US. Rubber 38 pid.-
791
September
Greyhound Corpn.
111
US. Steel
50%
December
601/601 58/571 551/551
58/58
601/601 571/571
оп
off
Hercules Powder Co,
55/65
82*
Vanadium
3014
541/541
43
Homestake Mining
431
Vultee Aircraft
WINNIPEG WHEAT "
International Harvester.
384
Walworth Co.
31
July
714a
unch.
CANTON
Int Nickel
224
Warner Bros. Pict.
21
October
7312
738/731
73ja
Enter. Paper & Power ai
127
Westinghouse Elec,
891
December
7412
741a
int. Tel. & TEL........
21'
Woodward: Iron Cor.
221.
541
17
|♪, & Laughlin Steel $7 pfd, 58*
Chase National Bank National City. Hank
24
Mobid
ex div.
NEW YORK HIDES September...... 10.50/50 December 10.69/69 New York Omcial NY-London Cross Rate 3.79
10:45/45
10.36/37
10.635/70
10.82/82
414 off .07% off
34-3/4
34-3/4
3.80
$8-1/8 5-31/32 6-3/32
Market!"-Quiet.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, today
was 1/2-1/2d.
The Equalisation rate was per cent.
Calcutta Exchange
Calcutta, July 2 (Reuter).
TT. on Japan, 86.
India Rupee Paper
Bombay July 2 (Reuter).
Government 31% Rupee, 85-08-0
nominal
Columbla Gas & Elec.
Columbia 6% "A" pf. Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison Consolidated Of Continental Can Continental" Of
Eaton Mig. Co.
Elec, Autolite
Elec. Bond & Share
LONDON STOCK Elec. Power & Light $7 pf. 28
EXCHANGE
(REUTER'S SERVICE)
London, July. 2. 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.
Gen. Railway Signal Gen. Tire & Rubber Glidden Co. Goodrich (BF.) Goodrich $5 pf.
44
* * * - $2
1898 (Brit, Issue)..... Chinese 5% Gold Bonds,
1925-47..
Chin. 41% Anglo-French
Loan, 1908-
Chinese 5%- Crisp Loan.
1912
Chinese 5% Reorg, Loan.
-1913 (Ldn, FL)
Chinese 8% Ster. Notes.
1925 (Vickers) Chin Imperial Rly 5%
Loans
Honan Rly 5% Hukuang Rly -5%, 1911...
(LAP. N/Y Issue)
Bukuang Riy. 5% 1911
(German Lasue} Lung Tsing. Hai
Rly 5% 1913 S'hal-N'King Rly, 5% Tientsin-Pukow Bly. 6%
(Brit. Btpd.). Tientsin-Pukow Rły. 5% (German Stpd.) komi Tientsin-Pukow Rły 5% (Brit. Stpd. Supă, Loan) Tientsin-Pukow Rly. 5%.
(Gex, 8kpd, Supl Loan) 8 Jap 5% Ster. Loan, 1907 Jap. 6% Eter. Loan, 1934
£
Johna-Manville
Technicolor
{DOW JONES "AVERAGE „
121.19
1989/40
56
High Low Dow Jones Averages July, 1
12
155,99 111 84 30 Industrials
25.90-99 15 20 Rails
27.70 18.03 20 Utilities
22 12 83.06 40 Bonda
87.08
66.67 45.59 11 Commodity Index. 61.54
July 3, 1940
High Low Close Change
1201 120 71 120.96-16 off
25.70 - 25.01 25.60 25 78 500 up 22.30
2245 28.22.22.28 ..0% off
87.19 .11. 51.30x15 Business Done -330,000 shares
SILVER MARKET
LONDON SILVER Londen, July 2 (Reuter). Elver Bear covering for "spot." No demand for "forward." Busi ness very small. Market steady. the afternoon, the market.
was quietly steady.
Spot, 21-13/16d.
Forward, 21-11/164.
VANABOMBAY SILVER
8'hal Waterworks "A" Union Insurance. Gula Kalumpang Rubber B.-A. Tob, (bearer)
131 20.
15.
Mercantile Bank
63/9
11
Dunlop Rubber...........
23/44
Bristol Aeroplane
7/8
In
Imperial Chemical Ind.
23/3...
United Steel
........................
15/9.
Woolworths
44/9
24.
Maraman Investiments
8/9
Ger 7 Int: Loan, 1924 5 Chartered Bank .....
Western Holdings ......... Sub-Nigel
1501
BK S'hai Bank Ɑdn
Beg
55.
Shell Trans, & Trad. Petbearer)
***** 33/11
HLR. & Shal Bank (Col.
Reg)
Nat. Defence Bonds, 3% 981
Ready
57
London-Midlands-Scot-
Chinese Eng & Mining
tish, 3%
July 30 Bettlement Aug 28 Bettlement
(((bearer) imepanikerlier sompaan
Chosen Corporation
Great Western Rail-
way, 3%
Pelin Byndicate m What Elec. Constr. Co.
Nat. Bank of India, 3%
-ex-dividend-
201
LONDON GOLD
London, July 2 (Renter). Bar, Gold, Fine per oz 188/-
Bombay July 2 (Reuter).
Offtake 250 bars.
Market Quiet.
Indian Mint Silver
462-00
61-13-4
Total sales Monday:-12,000 bales.
NEW YORK RUBBER
Monday's sales:-19,589,000 bushels.
CHICAGO CORN
Closing 10.08/08
up off
.14. off.
HONGKONG SAVINGS
RANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Bules may be obtain ed on application.
SAVINGS ACCOUBT alad opened in Local Currency and Sterling with interest allowed at rates obtainable on application...
The Bank's Head Office in London
THE CHASE BANK
k
-15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
For the HONGKONG & SHANGHAI An
BANTING CORPORATION.
V. M. GRAYBURN,
"Chief Manager: Hong Kong, 25th Feb., 1932.
BANK OF CHINA.
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE.
BANK
PAID-UP CAPITAL $40,000,000.0
(BRANCHES ALL OVER CHINA):
18, PINE STREET,
NEW YORK. American Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Astes on Application.
JAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL" Bir NIW YORK, with Bouros of avat 13.8.$2,900,000,000.
D. M. BIGGAR,"
Second Vice Pres
BANK OF EAST ASIA,
LIMITED
Owing to our numerous Brancher Authorised Capital$10,000,000.00 in China and connections in the Paid-Up Capital 0,308,000,00 principal Commercial Centres of) Beserve and Undivided the World, we are able to extend Profits
to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office:--HHANGĦAI
Hong Kong Branch:
+, QUEEN'S ROAD, C. South China Offices:
SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Publis Funds of the Chinese Government both at Home and Abroad.
A
2,963,901.50
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central,
Board of Directors:
BIR SHOVSON Oнow, Chairman Li Hoon Chan, Bag Li Lan Sang, Yag P.K. Kwok, Bag, Wong Chu Son, Esq. Wong Ton Tong, Esq. Ean Ting Fo, Bag. Chan Ching Shek, sq, Fong Ping Wang KAN TONG FO, Esa, Chief Manager Lr Tas Fond, Esq., Manager
Branches and Agencies?
Burabaya
Cz Kowloon Pasang
Borla London SHOU J. CHEN,⠀⠀
Bangoon Bombayla Baron Manager pass
Melbourn Ben Frans: Sydney Hankow Waw Tork Kupolatá
INDO-CHINA
مال ملعة
Lobe
Paris Bentarang Priplar Shanghai
BRADO
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re
STEAM NAVIGATION COMPANY LTDceived for one year or shorter
Operating Services for Cargo and Passengers
TO
BWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA SANDAKAN
HAIPHONG.
All steamers berth alongada the Roosevelt Terminal in the French Concesionat Shanghai, where passengers and cargo ars landed.
For further particulars #plesso apply to-
periods in Local and Foreign Cur Tencies on terms which will be quoted on application,RES
SAFE EXPOSIT Boxes To LETA KAN TONG PO
Chief Manager.
THE KWANGTUNG PROVINCIAL
BANK
Cedera Banking Tradition und Frauená. Ágids be
The Frovincial Government of Kaungbang". Band Othellokwan, Kwangsang Province.
·Cable Addreálne PHAIVENOL
2811220114"