STOCKS
Last Bale
STOCKS
That Hale
July 11
July
Adams Express
51
Kennecott Copper .........
25
Alleghany Steel Co.
218
Lakey Foundry & Mac. .....
3*
Ailled Stores
Libbey-Owens-Ford
GIBS
371
Allis Chalmers
30
Lockheed "Aircraft
241
Aluminium Ltd.
58*
Loew's Inc.
24.
Ar er. Can
941
Loft Incorperated
24
War Loan, 34% (Red
after 1952)
991
American Cyanàmid. B.
31
Mack Truck Inc.
191
Amer. & Foreign Power
14*
Martin, Glen L.
28+
Canton-K'loos Riy, 5% 6
Amex & Foreign #7 pi....
16
McKesson & Robbins, pra.
20
Chinese 41% Gold Loan
1890 (Brit Issues ......
43
NEW YORK, July 11, 1940. SINGAPORE RUBBER
American Gas & Elec.
33
Monsanto Chemical
89
Chinese 5% Gold Bonds.
Amer, Locomotive
121*
Montgomery Ward
382
1925-47
43
SPOT
Amer. Metals Oc.
14
National Aviation
01
Chin. 4% Anglo-French
OCT./DEC.
Amer. Radiator....
SA
Nat, Dairy Products.
131
Loan, 1908
44
JAN./MAR:
Amer. Rolling Mill
11.
Nat. Distillers
21
Chinese 5% Crisp Loan.
Amer, Sting and Ring Co.
354
National Gypsum
81
1812
17,"
Amer. Sugar Refining
131
National Lead
154
Chinese, 5% Reorg. Loan.
Amer, Tel. & Tel......
159
Nat, Power & Light
77
1913 (Lda. Is.).
24
Amer. Tobacco "B"
77}*
National Steel Corp.
57
Chinese 8% Ster., Notes,
SPOT
Amer, Waterworks
81
National Supply Corp.
53*
1925 (Vickers)
B.
AUGUST
Anaconda Copper
191
New York Central Hig
113
Chin. Imperial Rly. .5%
SEPTEMBER
Atchison, T. & 8. Fe.
18
Niagara Hudson Power
5
Loan
58
OCT-DEC.
Aviation Corp.
5
N. American Aviation
161
Honan Rly. 5%.
12
JAN.-MARCH
225
North American Co.
201
Hukuang Rly. 5%. 1911...
143
Northern Pacife
01
(LP. N/Y Issue)
14
Baltimore & Ohio
32
Owens-linols Glass Co.
,491
Buruang Bly. 5%. 1911
Barber Asphalt Co.
91.
Pacific Gas & Elec
.291
(German Issue),
11
Barnsdalt Oll
11
Pacific Lighting
41*
Bell Aircraft Corp.........
144
Packard Motors
37
Lung Tsing & U. Hal
Rly. 5% 1913
11
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
Bacock & Wilcox
Baldwin Lecometive
QUOTATIONTM
(REUTER'S SERVICE)
JULY 12, 1940.
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, July 11. 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.
** * F *
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
MARKET REVIEW (FROM PAYNE & CO.)
Previous
July '11
SATURDAY, JULY 13, 1
1940.
BANKS
HONGKONG · & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital..... 850,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up (20,000,000 Insorporated by Royal Charter, 1388
Reserve Funds:
Paid-Up Capitał £5,500,000 Besarve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Sterling...
£3,000,000 .....£3,000,000
£3,008,600
Proprietors.
Reserve Liability of
$90,000,000.
Head Office:-HONG KONG
I
Board of Directors: H. F. Wilkinson, Esq.,"
Chairman. Hoa. Mr. J. J. Paterson,
Deputy Chairman,
J. K. Bousfield, Eq.. A. B. Compton, Esq., Hon. Mr. S. H. Dodwell,
0. C. Roberta, Esq.,
7
Hon. Mr. A. L Shield, Sir Vandeleur M. Grayburn,
Chief Manager.
Bangkok Kobe
priators
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.9. Sub-Agencies In Landon: 117/129, Leadenhall Stroot, B.C#. West End Brazek:
14/18, Cookspur Street, B.WL.'.
Manchester Branch:
52; Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES :
A PENANG WARNIN HONG KONG MANGOON
ALUE STAR AMRITSAR
BAZOHOX
MATATIA BOMBAY CALOUTTA
ILOIL
SOM
FIRAOHI
KLANG
AGENOTES: KOSH OATE PE KUALA FAILIN PLACE CANTON
CAWXPOR CEBU
LUZIJUE KUCHING
BAIGON
BOREMBAN SHANGHAI
SINGAPOR SITIAWAN.
HOURABATA
TALFING
TIENTRIN
MADRAS: → TONGKAN
MAKLLA
(Bhuket)
TRINGTAO
YOKOHAMA
COMMODITY
Close Opening Closing. Change. Buyers Buyers
36-1/2 36-1/8
36-1/2
unch.
33-3/4 34-3/8 34-1/8 31-7/8 31-1/2 31-7/8
up 1/4 unch.
G. Miskin, Esq.,
K. 8. Morrison, Esq.,
After ruling easier, the market became steady. LONDON RUBBER
T. E Pearce, Esq.,
Previous close Today's close
buyers
buyers
12-1/2
12-3/8
12-1/8
12-1/8
Change of 1/8 unch.
- 11-7/8
11-7/8
.............
11-5/8"
11-5/8
Amoy
Branches: Johore
11-3/8
11-3/8
The market was quiet but steady.
Batavia
Kowloon
Rangoon Skizon Sam.
COLOMBO
DALHI
MEDAN
NEW YORK COTTON; Trade switching from near to distant otherwise months was the main feature today. The market quiet.
Bombay
Kuala
Francisco HAIRHOKO
NEW YORK
Bendix Aviation
"27
Pan-American Airways
134
Shai-N'King Rly. 5%
NEW YORK RUBBER: The market was steady on small fac- tory buying.
1
Bethlehem Steel
$75
Paramount Pictures
5
Bliss & Co.
131
Fennsylvania R.R
20
8
Boeing Airplane Co.
..148
Phelps-Dodge
271
Borg-Warner
151
Philadelphia Read Coal
Bridgeport Brass Corp.
B
ட்
Philips Petroleum
31
Briggs Mfg.
171
sp...
Pittsburg Coke & Iron
抑
Brooklyn-M'hattan Trans.
231
Public Bervice of N.J.
>>37
NEW YORK STOCKS: 121.58: Charige, up :09.
Brooklyne-Man. Pra. ......
108*
Pullman Inc.
211
Budd M'facturing Corp.
31-
Pare Ol
-73
Canadian Pacific R'way
22
Radio Corpn, of Am
11
(Ger. Stpd. Supl. Loan) 8 Jap. 5% ter. Loan, 1924 25 Ger. 7% Intl. Loan, 1924
4.
Case, L..........
474
Reading Company.
Com
111
Chartered Bank
261
Celanese
Remington Arms Co., Inc.
41.
2-
H.K. & Shal Bank (Ldn.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Chesapeake & Ohlo
361
Republic Aviation Corp.
41
Reg.)
64
די
Chrysler"Corpn.
83)
High
Republic Steel
.........
161
HK. Shal Bank (Col.
Low Close
"Climax-Molybdenum Co.
271
Revere Cop, & Brass Inc.
81"
'Iteg)
85
Colts Patent Fire-Arms
74.
Reynold. Tobac. "8"
381
Chinese Eng. & Mining
Columbia Gas & Beo.
6
Richaeld Oll
71
(bearer)
15/6
Columbla 8% "A" pt.
848
Safeway Stores,
411
Chosen Corporation
6/6
Commercial Credit Co,
284.
Schenley Distillers
9
Pekin Syndicate
$
New York Cotton. Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, Sept.
9.52
9.43
0.43
19.05
19.05
19.01
751
797
751
591 1682
10.27
10.05
Com & Southern (Otd.)....
Sears Roebuck
.724
S'hat Elec. Constr. Co.
15
NEW YORK COTTON
Close
Opening
Closing
Consolidated Edison
281
Shell, Union Qu
8
Shal Waterworks "A"
133
Consolidated Ou
61
Socony-Vacuum Oll
84
Union Insurance
20
July
་་་་
9.73/74
9.75/70
9.70/71
Continental Can
391
Southern Pacific
81
Gula Kalurapong Rubber
15
Continental Ou
171
Southern Rly $5 pta.
184
B.-A. Tob.. (bearer)
65
Copperweld, Steel
181
Sperry
361
Mercantile Bank
11
July (New, contract) October [ December (...
9.97 N
unquoted
*9.95/93
9.43/43
9.48/40
9.48/48
}
9.27/27
9.33/32
9.39/33
Oorn Products
481
spicer Manufacturing Co.
23.
Dunlop Rubber
24/10/
January {
}
9.17 N
9.22/22
8.230
Curting Wright (C.).
61
Standard Brands.
19
Bristof Aeroplane
8/44
March
(
9.05 N
E
9.08/08
9.08/09
Curtiss Wright “A”
24
Stand Gas & Elec:
11
Imperial Chemical Ind. 23/7).
May
<
8.89/89
8.92/92
8.93/93
Deere & Co.
151
Standard: Off, of California
18
United Steel
15/44
Spot
10.58 N
10.587
Distiller's Corpn. Seagrams
153
Standard On of NJ
34
Woolworths:
48/8
Total sales Wednesday:-5,700 bales.
Douglas, Aircraft
681
Stone & Webster
81
Marsman Investments
8/0
Du Pont de Nemours
158
Studebaker Com
61
Western Holdings
7/6
NEW YORK RUBBER
Eagle Picher Lead
Swift International
17.
| Sub-Nigel
145.
July
20.50 N
Eaton Mfg. Co.
29
Technicolor
91
Shell Trans & Trad."
September
19.01/01
19.25/45a 18.05b/07
Kiec. Autolite
32
Texas CorpIL
*381
bearer
33/9
December
.... 18.15/15
Elec. Bond & Share
61
Texes Quif Sulphur
301
Nat Defence Bonds, 3%
991
January
18.05. N^
Elec. Band & Share $5 pt.
6311
Timken-Axle
23
Londen-Midlands-Scot-
Match
Bec, Bond & Share $6 pt.
721
Trans-Amertea Co.
51
tish. 3%
114
May
17.85 N 17.80 N
18.25b/45a 18.20/20-
18.10 unquoted 17.85h/18.25a 17.96b-
17.90b
Elec, Power & Light 37 pt.
334
20th Cent. For
B1*.
Great Western Rati-
เจ
fisk Rubber ...................
104*
'20th Cent. Fox: $13 pf....
15
Nat. Bank of India. 3%
28.
Flatkate
13*
Union Bag & Paper Corp
102
way, 3%-edukcesem.
+25
Total sales:-290 tons.
CHICAGO WHEAT
Gen. American. Trans.
441.
Union Carbide & Carbon
631
i-ex-dividend *
July
'Gen. Electric
31-
Union Pacific
801
September
431
Gen. Motors .....
United Aircraft
331
Gen, Railway Signal-
11
United Airlines Trans
16)
Cen. Tire & Rubber
121*
United Corpn.
21
Hidden Co.
Goodrich (B.F.)
129
United Corpn. $3 cura pt.
35+.
121
United Gas Corpn..........
11
Goodrich $5 pt.
521
United
Gas Improvement
121 ·
Goodyear Tire & Co.
141
US. Industrual Alcobol
171
Great Northern Iron Ore ..
14
191
US. Rubber
Great Northern Rly, pid..
221
76*
LONDON METALS
EXCHANGE
London, July 11 (Router).
Tin, Standard, Cash,
Price, £267-3/4.
Tin, Standard, 3 months. Middle Price, £268-3/8.
December
741/744
13+/731
751/75) 780/751 781/761
751/747
74/737
757/754
11 offr
14 off
Wednesday's sales:-18,273,000 busheli
CHICAGO CORN
Middle
July....
82/62
September
December
591/591 584/587 581/502
557/55
19/01 588/581 58/55
US. Rubber $8 pía
WINNIPEG WHEAT
Great Western Sugar: ..............
211
514
US.. Steel
Greyhound Corpn....................... Hercules Powder Co
11.
291
Vanadium
BROKERS' LOANS
July
7148
ន
813
"Vultee Aircraft
81*
October,
7312
7318
Homqatake Mining
431
Walworth Co.
31
International Harvester
38
Warner Bros. Pict
24
New York, July 11 (Reuter). Loan on securities to brokers in
December
"TH&
7442
Int Nickel
24
Inter Paper ÂM POTEET
Westinghouse Elec.
91
New York:
NEW YORK HIDĖS.
Tientsin-Pakow Rly. 5%
(Brit. Stpd.) Tientsin-Pukow Fly. 5%
(German 8tpd.)......... Tentsin-Pukow Rly. 5%
(Brit. Stpd. Supl, Loan) 8 Tientsin-Pukow Rly. 5%
CHICAGO WHEAT: The bearish interpretation of the Govern ment estimate, continued rains to the North-West and larger Win- ter receipts attended by hedging caused: iquidation and also curtalled support
Previous close, 121.49; Toay's close,
.05 ..
04 up
Singapore Sourabaya
Patani Swatow (Johore) Tientsin
Tokyo Mukden New York Tsingtao
Yokohama
Feipica
Penang
Iloilo. Ipoh... "CURRENT ACCourts opened in LOCAL CURRENCY and FIXED DEPOT received for one year or shorter periods in Local and other Cur rencies on terms which will be quoted on application.
ALSO up to date: SAFE DEPOSIT Boxes in various sizes To Laz Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR POBATION. Bules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong with Feb., 1939.
THE CHASE HANK
14, QUEEN'S ROAD, CENTRAL
· HEAD OFFICE:
18, PINA STRENT,
NEW YORK. An American Bank offering com
plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
·BAXP THE CHASE NATIONAL New York, with Besources of orn 13.8.$2,900,009,000.
"D. M. BIGGAR,
Second View Pri
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office-15, Gracechurah Btreat London, ECJ
Authorized Capital
HANKOW
PRIPÍNŰ
(Peking)
FORE ON EXCHAnox sad General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOSIT received for One Year or shorter periods in Local Or Other Currencies" at rates, whink will be quoted on application.
SAVINGS ACCOUNss also opened in Local Currency and Starling with interest allowed, at rates obtainable on application.
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained as
R. A. CAMIDGE, any of the Agencies and Branches.
Managor
BANK OF EAST ASIA, LIMITED
Paid-Up Capital 6,598,800.00 authorized Capital......$10,000,000,00 Reserve and Undivided
.2,003,261.50
Profits
Head Office:-HONG KONG No. 10 Der Voeux Road, Central.
Board of Directors: \! SIR SHOUSON CHow, Chairman
Li Lan Bang, Esq. Li Koon Chan, Esq, P. E. Kwok, Esq. Wour Cha Son, Esq. Wong Tu Tong, Esq. Kan Ying Po, ag Chan Chhig Shot, Esq. Fung Ping Wah Bag KAN TONG Po, Esq., Chief Manaper Lu Ten Foxa, Esq., Manager
Brancher and Agencies:-
Pansoa
Singapore Bourabaya
Sangoon Balgon Bestow
Melbourne San Fran. Jyday
alsco Tintin
Semarang Shanghalan
New Toric Seattle Puz
OKYBE
Every description of Banking and Exchange business transacted. Losas. granted on approved securities.
Current Accounts opened in Local Currency and Fized Deposita re- ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will he quoted on application.
SATE EXPOSIT Borzs To LET. **
KAN TONG PO,
Chief Manager,
Calcutta
Lumpar
Shanghai
HAMBURG
WELS
Canton
London"
Chefoo
Lyour
Colombo
Malacca Sungat
Dairen
Manila
Fooohow
Muar
Haiphong Bankow
Harbin
Prey. Today's
Close Change"
9.18
19.05b .04 up
737 14 OT
59+ 58 1 off 10.18 10.05811 off
Change.
03 of
.02 off
.05 up.
.06 up
.06 up
.03 up
.06 off unch.
20:50b/75#
unch.
05. up
05 up
10 up .10 Up
Amoy
Loudo
Bombay
Haiphong
Elonolulu
Manila
Robe
voogez
7: off 11 o
unch:
12
Woodward Iron Cor.
241
Week-ended
*September
Int. Tel & Tel
27
Johns Manville
56
Chase National Bank National City Bank
J&Laughlin Steel $7 pfd. 70
Week-ended
6/7/39 4/7/4011/7/40 $495,000,000 $282,000,000. $285,000,000
Week-ended
December
New York Official 34-3/4-
NY-London Cross Hate 3.74
*~~bid.
-ekdir.
DOW JONES. AVERAGE
1039/40
July 12: 1940
155.99 111-84 30 Industrials
191:48
193.30 181 28 191:58-
25.90 29 15 20 Rails
95.99
27.80.19.02.20 Utilities
22,84
22.22 8305, 40 Bonda
88:08:
ON .09 26.20 2800 2807 32.95 22.65 227500
83.39 24
65 67: 45.59 11 Commodity Index 51.50
Business Done!~220,000 shares
TO
!
SILVER MARKET
LONDON STOCK
High Low Dow Jones Averages July, 10, High Low Close Change
LONDON SILVEK:
London, July 11 (Router):
EXCHANGE
LONDON, July 12 (Reuter)-On
auver. Little speculative sell-the Stock Exchange yesterday oll Ing. Business very small Market shares opened easy and were later quiet. In the afternoon, the mar-strengthened ket was quietly steady.
Spot, 21-13/104.
Forward. 21-5(84.
BOMBAY SILVER
Bombay, July 11+ (Reuter).
Market Quiet Oftake 125 bars.
Ready
Indian Mint Silver
July 30 Settlement Aug 28 Bettlement
82-01
61-18
00
better support. but other sections closed lower owing to quietness in trading:
Gat-edged securities fluctuated: narrowly and final prices were unchanged or slightly easier on the day.
Wall Street was firm.
LONDON GOLD
London, Inly 11 (Reuter). Bar Gold Mine per os 168
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN...
KOBE and OSAKA !
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Boosevelt. Terminal in the French Concessions at Shanghai, whore passengers and cargo are linded.
For further particulara.
please apply to
RDINE
ON ERALMANA
Reserva Fusa and Best,"
BANKERS:
The Bank of England and Midland
Bank Ltd. BRANCHES:
Howrah
Kuala TrenggADU WEATHE
New York
4. Penang
Bangoon Shanghai Skyl
Singapore Karla Lempar
HONG KONG BRANCH: Emmy description of Banking and Exchange
bardzieje trenścted,
TRUSTEE AND EXECUTORSHIP,
UNDERTAKEN D
CURRENT 1000TETS opened in Loont. Our
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS ANGLA INTERNATIONAL EXCHANGE
"BANKARS. PAID-UP CAPITAL $40,000,000.
(BRANORES ALL OUT CHINA Owing to our numerous Branches in China and connections in the principal Commercial Centres, of
TRONY ANS FIXED DEPOSITA ruoskvad ́In Loosi ORTER & STERLING og term that may be the World, we are able to extend o our Cliente special facilities for Securtailed su syį lieation.
Domestic and Foreign Banking and
What do you
BENSON,
Masage
want?
If there is anything
you went to buy or sell, frysmall Classifed advertiss ment in the - Hong- Tong Daily
25 words $1.50
xchange.
Head OfficeBHANGHAT
Hong Kong Branch
QUEEN'S BOAD, C. South China Oficeab
CANTON
SWATOW BHIUCHOW
KONGMOON TOISHAN
KINGOROW
We also handle the hete of Bon and other Public Funds of Chinese Government both at And Abroad
SHOT
10.18/17
10:27/27
10.05b/108.
10.36/36
30.45/40
10.25/25.
.11.off. 11 af
Subscribed Capital ..
Paid-up Capit
29,000,000 420.000 £1,010,000
34-3/4
3.66-1/2
Bangkok
Ipati
Bombay
Dalentin
Colombo
Delhi
Karthi
Kota Bharu
Bong Long
Kuala Lipis
Jaffna Kabian
Kandy