STOCKS
Last Sale
STOCKS
Last Sale.
July 8
July 6
Adams Express
5*
Alleghany Steel Co. ...... Allied Stores ........
211
Kennecott Copper Lakey Foundry & Mac.
251
6
| Libbey-Owens-Ford
Glass
371
On demand
336
'
Allis Chalmers...
· 201
Lockheed Aircraft
231
Aluminium Ltd,
હત
Loew's Inc.
24;
On demand
... 093/
Amer. Can
051
Left Incorperated.........
241
On Japan:-
American Cyanamid B.
31
|Mack Truck Ine.
198
NEW YORK, July 8, 1940.
On demand
95 1/2
On India:-.
Amer, & Foreign Power Amer& Foreign $7 pt.
Martin, Glen L
-291
15*
McKesson & Robbins, pfq. 211*
SINGAPORE RUBBER-
34R
Monsanto Chemical
891
120*
Montgomery Ward
39+
SPOT
131
National Aviation
94.
OCT./DEC.
Amer. Radiator
51
Nat, Dairy Products
133
JAN./MAR.
Amer. Rolling Mill
11
Nat, Distillers
20
4
-
421/8
Amer. 8'ting and Ring Co.
352*
National Gypsum.
里
Amer. Sugar Refining
131*
161
The market was very steady. LONDON RUBBER
Amer. Tel, & Tel. .....
1601
Nat, Power & Light
7+
Amer. Tobacco “B”
77}
National Steel, Corp.
56
SPOT
Amer, Waterworks
9
National Supply Corp..
54
AUGUST
108
Anaconda Copper
197
New York Central
121
SEPTEMBER
On Manila-
Atchison, T. & S. Fe..
181
Niagara Hudson Power
42
OCT.-DEC.
On demand
45
Aviation Corp.
42
(N. American Aviation
153
JAN. MARCH
On Bangkok:--
Bacock & Wilcor
221
North American Co.
201
On demand
1:49 1/2
Baldwin Lecometiye
14)
Northern Pacific
61
On Sterling Notes:-
Baltimore & Ohio
33*
Owens-Illinois Glass Co. ...
501
い
Bank Buying Rate,...1/5
Bar Silver per oz.....
91 11/16
Barber Asphalt Co. Barnsdall Ou
91
Pacific Gas & Elec
297
81
Paelic Lighting
*404*
Bell Aircraft Corp.
141
Packard Motors
Shanghai Exchange
|Bendix Aviation
271
Pan-American Airways
141
Bethlehem Steel
75+
Paramount Pictures
51
Shanghai, July 8 (Reuter),
Bliss Co.
13
Pennsylvania RR.
201
Official T.T. Rates
aceing Airplane Co.
137
Phelps-Dodge
27
121.59; change, up .08
Opening
Borg-Warner
161
Philadelphia Read, Goal
**
London
0/3-3/4
Bridgeport Brass Corp.
B1*...
Phillips Petroleum
313"
New York
Japan
5-7/8 215
Briggs Mig.
171
Pittsburg Coke & Iron
63
Brooklyn-M'hattan Trans.
234
Public Service of NJ, ...........
381*
Parli
20-3/4N
Budd M'facturing Corp.
31
Pullman Inc.
214
Hongkong
24-7/8
Canadian Faclfc.R'way
27"
Pure Oll
71
Sterling
Case. I
471
Radio Corpn. of Am, s...
43
Celanese
281
Bellers
Reading Company,
Com
11"
'Opening
Closing
Chesapeake & Ohio
361
Remington Arms Co., Inc.
4*
New York Cotton, Oct. New York Rubber, Sept. ..Chicago Wheat, Sept.
Spot
July
0/3-31/32 0/4-1/64 0/3-81/84 0/4-1/84 U.S. Dollars
Chrysler Corpi.
634
Republic Aviation Corp. .....
++
Chicago Cern, Sept.
Climax-Molybdenum Co.
271*
Republic Steel
181
New York Eldes. Sept.
Colts Patent Fire-Arms...
73*
Revere Cop. & Brass Inc..
82.
NEW YORK COTTON
Spot
$8-1/18 $8-11/32
Columbia Gas & Mec. Columbia 8%. “A” DÍ. ............
51
Reynold Tabac. “B”
381
July
806
Richfield Of
74
July
6-1/32 6-5/18
July (New contract) ... 10:15 N
Commercial Credit Co.
291
Safeway Stores
411*
Calcutta, July 6 (Reuter).
Market:-Steady.
Sliver Duty Rate
The Central Bank of China's
rate on London at 10 a.. today
was 1/2-1/2d...
Consolidated 01......
Continental Can
Continental · OU
The Equalisation rate as 14-1/2 Copperweld Steel
per cent.
Calcutta Exchange
T.T. on Japan, 88-3/4
Corn Products
LONDON STOCK Eaton Mfg. Co.....
EXCHANGE
(REUTER'S SERVICE) ·
London, July 5. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibilty is assumed for errors in transmission.
Cen. American Trans. Gen. Electric Gen. Motors
Com, & Southern (Ord)) ... Conseldated Edison
Schenley Distillers
B1*
October { December (
14
231
Sears Roebuck
724
January
(
ས་
61
Shell Union Of
81*
March »
39
Socony-Vacunum Oil
May
{ 1.)
18
Southern Pacific
83
Spot
173*
Southern Rly $6 pid.
187
Total sales Friday:
481*.
Sperry
351*
NEW YORK RUBBER
Curtiss Wright (.)
61
Spicer Manufacturing Co » 25*
July
Curtiss Wright. “A”
- 231
Standard Brands .............
61'
September
Deere & Co...
151
Stand Gas & Elec.
14
December
Distillers Corpn. Seagrams
144*
Standard Oll of California
18
January
Douglas Aircraft
67
Standard Oil of N.J.
327
March
Du Pont de Nemours.****
158
Stone & Webster
8
May
Eagle Picher Lead
21
Studebaker Com,
64
CHICAGO WHEAT
281*
Swift International
171
July
Elec. Autolite
313
Technicolor
· 98*
September
Elec. Bond & Share
8
Texas Corpn.
381
December
Elec. Bond. &c. Bhare $5 pt. Elec Bond & Share $8 pt. 881 Elec. Power & Light. 37 pt. 30 Fisk Rubber Flintkote
B04*
Texes Gulf Sulphur
301"
| Timken-Axls
231
CHICAGO CORN
Trans-America Co.,
5
July
111*
(20th Cent. Fox.
01.
September
13*
20th Cent. Fox. $1† pf. 1.: 151*
December
42⚫
Union Bag & Paper Corp. 103
WINNIPEG WHEAT
317
Union Carbide & Carbon
681
July
.43
| Union Paciâc
80
October
Gen. Raliway Signal
11"
United Aircraft
32)
December
£
Gen. Tire & Rubber
124b
United Alfines Trans"
171
NEW YORK HIDES
War Loan, 31% (Red
after 1953) Canton-Kloon Rly. 5% 6
Glidden Co.....
· 124*
United Corpn
2
September
90
Goodrich (B.F.) ........
124
United Corpn. 33 cum pf. '35*
December
Goodrich $5 pt.
501* United Gas Corpn.
1}
New York Official
Chinese 41% Gold Loan
Goodyear Tire & Co...
147
United Gas Improvement 121
1898 (Brit. Issue) ......
43
Great Northern Iron Ore
134
U.S. Industrual Alcohol...
171"
Chinese 5% Gold Bonde.
Great Northern Rly, pfd,
227
US. Rubber
197
1925-47 .....
43
Great Western Bugar.
22
US, Rubber $8 píd.
Ti
Chin. 41% Anglo-French
Greyhound Corpa,
114
U.S. Steel
52"
Loan, 1908
.44
Hercules Powder Co.
801*
Vanadium
311
"Chinese 5% Crisp Loan.
Homestake Mining
432*
Vultee Aircraft
62*
1012
17
International Harvester
391
Walworth Co.
31*
Chinese 5% Reors, "Loan,
1913 (Ldn. Is.)
Int Nickel
231
Warner Bros. Pict.
21
21
Inter. Paper & Power
124
Westinghouse Elec,
904
Chinese 8% Ster, Notes
Int. Tel Tel.
21"
| Woodward Iron Cor.
244*
Ready
1926 (Vickery)
| Johns-Manville
561
Chase National Bank
301-
Chin. 'Imperial Rly..5%
| J, & Laughlin Steel stɑpid: 633
National City Bank
243*
July 30 Settlement Aug. 28 Settlement
Loan
58
Honan Rly, 3%
12
Hukuang Rly. 5%, 1911...
• bid.
t-ex day.
(LP. N/Y Issue)
14
Bukuang Rly..5%, 1911
July 7, 1940
(German Issue)
11
Lang Tsing & U. Ha!
155.98 11184 30 Industrials
Ety. 5% 1913
11
35,90 22:15 20⋅ Rails
'8'hai-N'King Rly. 5%
15
97.70 18.03 20 Utilities
Tientsin-Pukow Rly. 5%
(Brit, Stpd.)
Tientsin-Pukow By. 5%
(German Sipd.) Tientsin-Pukow Rly. 5% (Brit, Btpd. Supl. Loan) Tientsin-Fukow Rly. 5%
(Ger.Stpd; Supl, Loan): 8 Jap. 5% Ster. Loan, 1907 Jap. 5% Bter. Loan, 1924 281 Ger, 1% Inti. Loan, 1924 5 Chartered Bank...... 57 KK & S'hát Bank (Ldn.
Reg.)
HK. & Shai Bank (Col.
* Reg)
2; (bearer) ́
Chosen Corporation
1039/40
DOW JONES AVERAGE
High Low Dow Jones Averages July. 6, High Low Close Change
NEW YORK COTTON: Week-end weather and forecast are gen- erally unfavourable. Fears of damage to the crop, due to continued rains are increasing.
NEW YORK RUBBME: Market closed.
CHICAGO WHEAT: Reports of rains in the North-West induced scattered Liquidation and hedging, The Trade is nervous but friend- ly, expecting & lower government estimate on July 10,
NEW YORK STOCKS: Previous close, 121.51; Today's close,
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
34-3/4
NY-London Cross Rate 3,68-1/2
SILVER MARKET
BOMBAY SILVER
Bombay, July 6 (Reuter), Market-Quiet but steady. Off-
take 200 bars.
Prev. Today's High Low Close Close Change $.45 9.36 ..9.35 9.48 .10 up
19.04b. Closed
TH 27 1 of 591 57 11 off 10.45b Closed
Closing
10 up
4 off +off
BROKERS LOANS
New York, July 4 (Reuter). Loan on securities to brokers in New York:
Week-ended
Week-ended.
Week-ended 29/8/39 27/6/40 4/7/40 $496,000,000 $276,000,000 $262,000,000
GET COLOMBO
DELE:
Saigon " San
Francisco BATPRONG Osicutta Lumpor Shanghai HAMBURG
Dairen Manila
Patani Foochov. Muar Swatow Haiphong (Johora) Tientsin. Bankow Mukden Tokyo Harbin New York Taingto
Peiping
Yokohama
Hoilo
Ipoh
Penang
CURRENT Accounts, opened in.
HANKOW
NEW YORK
PRIPING
(Pcking),
YOKOHAMA
.FOL.GN EXCHANGE and General Banking Business transacted
CURRENT Accdurs opened and FIXED DEPOSITs received for One Year or shorter periods in Local or Other Curranïción at entèn ̈which will be quoted on application..
SAVINGS ACCOUT also opened in Local Currency and Sterling with
LOCAL CUBRENCY and FIXED DEPOSITS interest allowed at rates obtainable
on application. received for one year or shorter
The Bank's Head Offee in London periods in Local and other Car- rencies on terms which will be undertakes Executor and Trustee
Business, and
claims recovery of quoted on application.
Also up to date SA DEPOSIT British Income Tax overpaid, on Borks in various sizes To Lar
torms which may be ascertained "as. Hong Kong. 28th February, 1940. any of the Agencies and Branches.
E A CAMIDGE,
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR PORATION, Rales may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,.. Chief Manager. Bong Kong 6th Feb., 1939,
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREST,
NEW YORK.
An American Bank offering ecm plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL Bản, Naw-Yoxx, with Resources of ora U.S.$3,300,000,000:
D. M. BIGGAR,
Bscond Pion. "Pro
A Job?
WANT ADS
INDO-CHINA
METTANDO-CHIN
9-8306-40 Bonds
85 87 46.58 11 Commodity Index. 51,98
12167. 121.17.121.0908 up
28.10 28:03 2616.07 up 32 60 27.51 2257.
Business Done -130,000 shares
FEDERAL RESERVE SYSTEM
NEW YORK, July 4 (Reuter).
Bills Bought
·U.FL. Securides held Federal Reserve, Ratio Federal Reserve Credit Outst
Monetary Gold Block
Industrial Advance.
June 29 (1999) · June 27-*
July 4
omitted)
1,000 2,551,000
2,473,000 3,450,000 85.71% 1.8884% 88,95% 2,567,000 2,511,000 *2.503,000 16,093,000- 19,871,000 -20,043,000 12,440,000 8,975,000*9,188,000
*38/11 Nat Defence Boids, 3% 99. Londen-Midlands Beat-
B-A. Tob. (bearer)
60/10/
Sub-Nigel
150
Chinese Eng. & Mining
Mercantile Bank
∙111:
Shell Tran
& Trad.
15/6
Dunlop Rubber.....
25/3
thearer)
8/8
Bristol Aeroplane....
9/4
Pekin Syndicate
Imperial Chemical Ind.
Bbal Elec. Constr. Co.
15
United Steel
Shal Waterworks "A"
13
Woolworths
-Union Insurance
Maraman Investments
Gula Kalumpong Rubber. 15
Western Holdings
tish, 3-
Great Western · Ball-
way, 3%
Nat, Bank of India, 3%
up
STEAM NAVIGATION COMPANY. LTD.
Operating Services for Cargo and Fassengers
TO-.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO:
* and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside. the Roosevelt Terminalin the French Concession at Shanghai, where passengers and cargo are landed.
For further particulaès
please apply to="
ARDINE BLEPHON
BANK OF EAST ASIA,
... LIMITED
"
Authorised Capital.....$10,000,000,00 Paid-Up Capital
......... 5,598,000,00 Beserve and Undivided
Profits.
....2,983,201,50
Head Office:—HONG KONG No. 10 Des Voeux Road, Central..
Board of Directors: SIR SHOUSON CHow, Chairman LA Koon Chun, Esq. Li Lan Sang, Bag." P. K. Kwok, Esq. Wong Chu Bon, Baq. Wong Tan Tong, Esq. Kan Ying Po, Bag Chan Ching Shok, King, Fung Ping Wah Bag" KAR, TONG PO, ES, Chief Manager LI TE TONG, EA, Manager
Branches and Agencies:re
A
Batsvin Bombay
Calsatia
Haiphong Hankow Homabala Kobe
Prang
Singapore Loodan Bangoon Bourabay's Mandia Balgon Bustow Malbourne Aim Frans: Bydney
Bew York Beatle Pari
Peping.
HEYE
· cinco Kastila
Bemarang Banzyta
Every description of Banking and Exchange business transacted. Loans granted on approved securities,
Current Accounts opened in Local Currency and Fixed Deposita e- ceived for one year or shorter periods in Local and Foreign Cur- rencies, on terms which will be quoted on application.
BATE EXPOSIT Boxes To Ler.
KAN TONG PO,
Chief Manager,
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AB ANZA INTERNATIONAL: EXCHANGE.
BANK
PAID-UP CAPITAL $40,000,000.00 (BRAND ALL OVTE ORLEY- Owing to our numerous Brannber in Ching and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange
Head Ofoe:SHANGHAI
Hong Kong Branch
4. QUEEN'S ROAD, C
South China Officer CANTON KONGMOON:
SWATOWTOIBHANG
SHIUCHOW KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chiens Government both st Home and Abroad.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS,
JULY, 6, 1940.
On London:-
Telegraphic Transfer, 1/9 7/< Bank' Bills, en demand 1/9 7/8 Credits 4 months' sight 1/3 1/2 -
On Shanghai:;— "
On Singapore:-
ki
1:
NEW YORK STOCK EXCHANGE
Telegraphic Transfer.
and demand
On New York:-
89 1/2 "American Gas & Elec.
Amer. Locomotive
Bank Bills, on demand 22 \/1 Credits, 60 days' sight 23 7/8
On Batavia:—
On demand
Bank Bills, on demand 1085 Credits 4 months' sight 1160"
On Saigon:--
On demand
Amer. Metals Oo...
On Paris:-
QUOTATION
(REUTER'S SERVICE)
JULY 7, 1940.
National Lead
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY
MARKET REVIEW *(FROM. PAYNE & CO.)
Previous July 6
Close Opening Closing Change
Buyers Buyers
38-174
36-3/4
33-1/2 34 cts. 31-1/2 32 cts.
36-3/4 up 1/2 34-1/2 up I ct. 32-1/2
"
Previous close Today's close.
buyers ..buyers
12-1/2
12"
11-3/4
CLOSED
11-1/2
11-1/4
Change
MONDAY, JULY 8, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital...... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 1858
Reserve Funds':
Paid-Up Capital ...... £ 6,500,000 Reserve Fund Sterling
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Reserve Liability of
Proprietor
$20,000,000
Chairman.
Blend Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq.,. A. H. Compton, Esq., Hon. Mr. & H. Dodwell, G. Miskin, Esq., ES. Morrison, Esq., T. E. Pearce, Esq.,
C. C. Roberts, Esq., Hon. Mr. A. L. Shields,
Sir Vandeleur M. Grayburn,
Chief Manager.
Branches:
Amoy
Johore Rangoon
Bangkok
Batavia
Kobe Kowinna
Bombay
Kuala
Canton
London
Chefoo Colombo
Lyons
Singapore Sourabaya
Malacca. Sungei
£3,000,000 ...£3,000,000
prietors
£3,000,000
HEAD OFFICE; LONDON:
38, Bishopsgate E.02.
"Sub-Agencies In London: 117/192, Leadenhall Street, E.COM West End Branch;
14/18, Cockapar Street, S.W1 Manchester Branch:
52, Mosley Street, Manchester; 2.
AGENCIES AND BRANCHES:
FLAMBIN
PENANG HONG KONG BRINGOON
·ALOR STAR "AMNITKAR MANGTOK
BATAVIA BOMBAY
| GALOUTTA.
KLANG
AGENCIES: CR
Our KITAGA
TALEN FRAGE
CANTON
САНКРОВИ
ILOTIO
IPOX KARACHI.
BAIGON
JEREMBAN
SHANGHAI
SINGAPONA
BITIAWAN
SOURABAYA
ŽUMPUK
TAIPING
KUCHING
TIENTBIN
MADRAS
TONGKAR
MANILA
(Bhuket)
MEDAN
ININOTAÐ
772 761 582
571
Close
9.86/87
Opening 9.85/83
Change
8.78/78
.08 aft
10.01/01
10.04n
.11 off
}
8.35/35
9.36/36
9.45(45
קט 10,
)....... 9.23/22
9.24/24
9.32/32
}
9.13 N
9.14b/17a
()...... 9.00/00
9.03/03
9.220 9.01/07
.09 up .07. up
8.84/84
8.86/85
8.90/90
.06 up
10.48 N
10.710
.25 up
31,800 bales
20.560/64a
19.04b/08a
18.13b/20
CLOSED
17.08 N
17.68 N
17.61 N.
771/778-
761/761
of
773/777 771/77
77/771
784/78
78/784..
78/781
Friday's sales:-19,900,000 bushels.
•
611/611
601/601
14 off
584/571" 581/581
57/57)
12 off
558/553 551/65
544/540
OL
71ja
734a
71a -731/731 73ja
unch.
741a
741a
10.455/502
CLOSED
10.65/65
unquoted 3,77
Indian Mint Silver
32-06
62-02