STOCKS
Last Sale
STOCKS
Last Sale
July 17
Adams Express
51
Kennecatt Copper
July 17. 251
Alleghany Steel Co.
22
Lakey Foundry & Mac, ...
3-
Allied Stores
BI
| Libbey-Owens-Ford
Glass
39
Aills Chalmers
301
Lockheed Aircraft
254
365
Aluminium Ltd,
59.
Loew's Ine..................
231
Amer. Can
95
Loft Incorperated
58 3/4
237
American Cyanamid B
33
Mack Truck Inc.
201
Amer. & Foreign Power
1)*
Martin, Glen L
281
97 1/4
Amer
& Foreign $7 pf.
10+
McKesson & Robbins, p14.
American Gas & Elec.
32*
Monsanto Chemical
90
124
Montgomery Ward
40
SINGAPORE RUBBER
141*
National Avia tłum
10
51
Nat. Dalry Products
131
SPOT
Amer. Rolling Mill
111
Nat, Distillers
201
Amer. Sting and Ring Co.
36.
OCT. DEC.
National Gypsum
61
JAN/MAR.
Amer. Sugar Refining
131
National Lead
Amer. Tel & Tel.
1601
Nat, Power & Light
Amer. Tobacco "B" Amer. Waterworks
77 4
National Steel Comp.
.583
The market was idle.' LONDON RUBBER
National Supply Corp.
Anaconda Copper....
191
New York Central
111
SFOT
On demand "...................... 108
Atchison, T. & 8, Fe
10
Niagara Hudson Power
41
AUGUST
Aviation Corp.
5
N. American Aviation
16
SEPTEMBER
Bacock & Wilcox :..
24
*B
North American Co.
201
OCT.-DEC.
On Bangkok:-
Baldwin Lecometive
143
Northern Partic
81
JAN.-MARCH
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS.
JULY 18, 1940.
On London:-
Telegraphic. Transfer. 1/4 1/8 Bank Bills, en demand 1/9 1/8.
. Credits 4 months' sight 1/3 3/8
On Shanghai:—
On demand
On Singapore:--
On demand
On Japan:-
On demand
3/1 38)
On India:
Telegraphic Transfer....
and demand
On New York:--
Bank Bills, on demand 23 Credits, 60 days' night 24 3/8
On Bataria-
On demand............ 43
On Paris:-
Bank Bills, on demand 1086 Credits 4 months" sight 1180
On Batgon:-
On Manila:-
On demand
NEW YORK STOCK EXCHANGE
Amer. Locomotive Amer. Metals Co.
Amer. Radiator
QUOTATION
(REUTER'S SERVICE)
JULY 18, 1940.
PAYNE & CO.
COMMODITY BROKERS -STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
"NEW YORK, July 17, 1940. 221
י
FRIDAY, JULY 19, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $30,000,000
リ
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1358
Reserve Funds: Sterling..
Reserve Fund....... H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
£6,500,000 Paid-Up_Capital
£3,000,000
.£3,000,009
.$90,000,000
prietors
£3,000,000
HEAD OFFICE: LONDON:
Reserve Liability of
Proprietors
Head Once: HONG KONG
Board of Directors: E. V. Wilkinson, Esq.,
Chairman
Hon, Mr. J. J. Paterson,
Deputy Chairman,
J. K. Bousfeld, Esq., A. R. Compton, Esq., Hon. Mr. . H. Dodwell,
"G. Miskin, Esq.,
K. S. Morrison. Esq.,
38, Bishopsgate E.0.2.
Sub-Agencies In London:
117/19, Leadenhall Street, E.CA West End Branch: 14/18, Cookspur Street, 8.W 1. Manchester Branch:
52, Mosley Street, Manchester,
Grad
AGENCIES AND BRANCHES:
HARBIN PENANG HONG KONG MANGOON ILOILO IPOR
KARACHI KLANG кови
ALON STAR AMRITSAR
BANGKOK
}
BATAVIA BOMBAY
DALOUTTA,
AGENCIES
CLIVE STAR
FAIRLIN BLACK
KUALA Chief Manager.
CANTON
CAWNPOBE CEBU...
BAIGON
BREEMBAN
SHANGHAI
SINGAPORA
SITIAWAN
BOURABAYA
LUMPUR TAIPING KUCHING" TIENTAIN
4
-
rl
MADRAS
TONGKAH
MANILA
(Bhuket)
KEDAN
THINGTAO
Previous
July 17
Close Opening Closing Change Buyers Buyers
36-3/4 37
34-178
34-3/8
36-3/4 34-1/2
unch up 9/8
31-3/4 33
32
up 1/4
T. E. Pearce, Esq.,
O. C. Roberta, Esq.
Hon. Mr A, L. Shielda,
Previous close Today's close
buyers
buyers
Change
Sir Vandeleur M. Grayburn,
...... 11-7/8
12-1/18
up 3/16
**** 11-7/8
12-1/18
up 3/16
Branches:
11-5/B
11-7/8
up 1/4..
11-3/B
11-1/2
up 1/8
Amoy
Johore
11-1/8
Bangkok
Kobe
Rangoon Saigon
11-1/4
up 1/8
Batavia
On demand
109 1/2
Baltimore & Ohio 12.
37
Kowloon San
COLOMBO
DELHI
Owens-Diinois Glass Co. ...
50
On Sterling Notes:-
Barber Asphalt Co.
9%
Pacific Gas & Elec
29
F:
Barnsdal Qu
8
Bank Buying Rate
1/6
Pacific Lighting
421*
Bell Aircraft Corp.
155
Bar Silver per oz. .......................
22 3/18
|Packard Motors
Shanghai Exchange
Shanghai, July 18 (Reuter).
Oficial T.T, Rates
Bendix Aviation
Bethlehem Steel
Bliss Co.........
28
Pan-American Airways
761
Paramount Pictures
47
141
Pennsylvania RR
20
Boeing Airplane.Co.
14)
Phelps-Dodge
.267
Borg-Wamer
154
Philadelphia Read, Coal
Opening
Bridgeport Brass Corp.
94
Phillips Petroleum
32
London
0/3-3/4
Briggs Mfg.
171
Pittsburg Coke & Iron
7
New York
5-7/8
Brooklyn-M'hattan Trans.
221
Public Service of N.J,
371
Japan
24-1/4
Brooklync-Man. Pfd.
108*
NEW
Palman Inc. ........
191
Peris
20-3/4
Budd M'facturing Corp.
32
YORK STOCKS: 122.82; Change, on 30.
Previous close, 123.12; Today's close.
Pure Of
Hongkong
24-7/8
Canadian Pacific R'way
27
Radio Corpo, of Am,
5
Case,*JI.
50
Sterling
| Reading Company,
Com
12
Sellers
Celanese
28
Remington Arms Co., Inc..
.4:
Spot
July
Opening Closing 0/3-29/32 0/3-29/32 0/3-29/32 0/3-29/32
Chesapeake & Ohio.........
37
NEW YORK COMMODITY MARKET
Republic Aviation Corp....
4
*F
Chrysler Corpn.
651
Climax-Molybdenum Co.
273
| Republic Steel.
17
(REUTER'S SERVICE)
Revere Cop. & Brass Inc.
9
Aug.
0/3-7/8 0/3-57/64.
Colts Patent Fire-Arms
73
Reynold Tobac. "B"
381
'Columbia Gas & Elec.
51
Prev. Today's High Low Close
US Dollars,
Richfield O
8
New York Cotton, Oct.
9.51
Columbia 6% "A" DI
81
9.43 9.51
8pot
$6-3/32 $6-3/16
Commercial Credit Co.
Safeway Stores
421
New York Rubber, Sept.
19.49
19.43
19.29
231
July
6-3/22
Aug.
8-1/32
6-3/16 6-1/8
Schenley Distillers
#1
Chicago Wheat, Sept.
757
· 741
Com, & Southern (Ord.)
11
751
Sears Roebuck
731
Consolidated Edison
28+
per cent.
Bombay, July 17 (Reuter).
Market:-Quiet.
Silver Duty Rata
The Central Bank of China's Continental Oll
rate on London at 10 am, today
Was 1/2-1/20.
The Equalisation, rate was 181 Curtis Wright (C.)
India Rupee Paper
Govt. 31% Rupee, 90-0-0.
Calcutta Exchange
Calcutta, July 17 (Reuter). T.T. on Japan, 85
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, July 17.
The following quotations are the
*Elec. 'Autolite
middle prices at the close of the Glidden Co. ..
market in London. All, quotations | Goodrich (BF3
are subject to confirmation and me.Goodrich $5 p.
*responsibility is assumed for errors Goodyear Tire & Co. .........
Shell Union Oll
Consolidated 01
63
Chicago Corn, Sept. New York Hides, Sept,
581
58
581
9.50 9.32
Continental Can
391
Socony-Vacunum Oil
Southern Pacific
81
NEW YORK COTTON
Close
Opening Closing
181
Copperweld Steel
Corn Products
18
Southern Rly $5 pfd:
184
July
50
Sperry
276
July (New contract)
9.58/58 9.91 N.
71
Spicer Manufacturing Co.
26
October
..... 9.51/51
9.57/57 unquoted 9.48/40
0.75/75 10.18/18
9.43/43
Standard Brands
Curtiss Wright "A"
241
December
J
9.38/39
9.37/38
9.32/32
Stand Gas & Elec.
14
Deere & Co
154
January
Standard Oil of California
18+
9.28 N
9.29a
"
9.220
Distillers Corpn. Seagram's
151
March
9.17/17
Standard Oll of NJ.
34)
Douglas Aircraft.....
381
May
{ >
8.99 N
9.10/16 8.98/89
9.08/08
8.91/91
Du Pont de Nemours
1577
Stone & Webster
Spot
10.58 N
10.63n
Eagle Picher Lead
B*
Studebaker Com
Eaton Mfg. Co.
30
Bwift International
174
Total sales Tuesday:-7,600 bales.
Technicolor
旺
327
NEW YORK RUBBER
Elec Bond & Share
Bi
Texas Corpn.
39+
Elec. Bond & Share $5 pt.
32
Texes Golf Sulphir
31
July
Elec Bond & Share $6 pf.
71.
Timken-Axle
233
September
Elec. Power & Light $7 pf.
334
Trans-America Co.
#
December
21.05/05. 19.29/29 19.545/5 s
19.30b/43a 18.60b/75a
18.75/75
Fisk Rubber
107*
20th Cent. Fox
6**
January
Pintrote
-13)
20th Cent. Fox, $1 pf...***
144*
March
18.50 N 18.42 N..
unquoted 18.7in
⚫ 18.42b/80a
Gen. American Trans.
453
Union Bag & Paper Corp.
11
May
18.42 N
ป
18.63n 18.63n
Gen Electric.....
31
Union Carbide & Carton
694
Totál sales: 470 tons.
Gen. Motors
..
434
Union Pacific
821
Gen. Railway Signal
114
United Aircraft
341
CHICAGO WHEAT
Gen. Tire & Rubber
124
United Airlines Trans
17.
July
742/741
12
United Corph
21
September
751/751
751/751
131
United Corpn. $3 cum pt.
35
December
70+/701 708/701
731/731 747/741 758/751
523*
United Gas Corpo.
11
147
United Gas Improvement
12
Tuesday's sales:-16,852,000 bushels."
in transmission.
Great Northern Iron Ore ..
141
UB, Industrual Alcohol. --
18
CHICAGO, COBN
£
Great Northern Rły, pfd.
23
U.S. Rubber
194
"July
621/621
021/62)
il
War Loan, 1% (Red
Great Western Sugar
214
US. Rubber $8 píd,
751*
September
5T1/571 581/587
581/581
after 1952) Canten-Kloon Rly. .5% 6
991
Greyhound Corgn:
114
U.S. Steel ...........
51
December
541/541 54/541
537/537
Hercules Powder Co.
81
Vanadium
301
WINNIPEG WHEAT
Chinese 41% Gold Loan..
Homestake Mining
43
Vultee Aircraft
B1*
1898 (Brit. Issue ..... Chinese 5% Gold Bonds.
35
International Harvester
391
Walworth Co.
31
July
71 a
71ja
Int Nickel
23+
Warner Bros, Pict,
24
October
7318
731/73
73ja
1925-47
Inter. Paper & Power
121
Westinghouse Elec.
931
December
7419
7412
Woodward Iron Cor.
251
NEW YORK HIDES
Chin, 41% Angle-French
Tat. Tel. & Tel
14..
Chase National Bank
Loan, 1908
44
Johna-Manville
56)
September
Chinese 5% Crisp Loan.
J. & Laughlin Steel #7 pfd. 747
| National City Bank
December
New York Offcial ......
1912
15
Chinese 5% Reorg Loan.
1913 (Ldn. Is.) ......
9.60/60 ........ 9.82/82 94-3/4 NY-London Cross Rate 3.84
9.60/60
9.42/42
9.78/78
9.58/60
34-3/4
3.77-1/2
❤bid.
1-ex, dly.
20
Chinese 8% Ster. Noter.
1938/40
1925 (Vickers) ...................
8
DOW JONES AVERAGE
High Low Dow Jones Averages July, 16, High Low Close
July 18, 1940.
Change
Chin. Imperial R-5%
155.92 11184 30 Industrials
Loan
50
35,90 22 15 20 Baila
123.12 123.91 122.34 122,72
28.33
-28.58 28,32 28:35
Honan My, 5%
12
27.70 1803 20 Utilities
22.04
22 68 28.45 22.51
30 of 0 up .13 of
32 32 6308 40 Bonds
80.58
Hukuang Rly: 5%. 1911...
(LP. N/Y Issue)
86.67 45.59 11 Commodity Index $1.19
88 81 50.78
41 off
14
Hukuang Rly. 5%, 1911
(German Issue) .........................
Lung Tsing & U. Hal
Rly. 5% 1913-
6'bai Elec. Constr. Co. ...
15
S'hal Waterworks "A"
13)
S'hai-N'King Rly, 5%
15
Unlun Insurance
20
Tientsin-Pukow Rly. 5%
(Brit) Stpd.) Tientsin-Pakow Rly. 5%"
(German Stpd.7 ..... Tientsin-Pukow Ry. $%.
(Brit. Stpd. Supl, Loan) 8 Tientsin-Pakow Rly. 5% (Ger.Stpd.. Supl, Loan) Jap. 3% Gter. Loan, 1924 291 Ger. 7% Intl. Lona, 1924 51 Chartered Bank....
Gula Kalumpang Rubber 13/0 B.-A. Tob. (bearer)
83/9
Mercantile Bank
111
8
Dunlop Rubber ............ 24/9 Bristol Aeroplane
8/6
Imperial Chemical Ind. 23/3 United Steel ............ Woolworths
14
15/44
48/3
Marzman Investments A Western Holdings
8/9
7/3
B1
Sub-Nigel
142/6
HK & Bhat Bank (Ldn.
Reg.)
Shen Trans. & Trad.".
(bearer)
AK & Shai Bank (Col.
Nat Defence, Bonds, 3% 99)
Ready July 30 Settlement 33/14
Aug. 28 Settlement
62-07
02-03 '62-03"
Reg)
67
London-Midlands-Boot-
Chinese Eng. & Mining
tish, 3%
111
(bearer)
15/6
Great Western Raff-
Chosen Corporation
0/0
Nat, Bank of India, 8%
281
LONDON- GOLD
London, July 17 (Reuter).
Pekin Syndicate
way, 3%
23+
Bar Gold, Fine per oz., 188/--
Business Done-10,000 shares
SILVER MARKET
LONDON SILVER
'London, July 17 (Reuter). Silver: Little bear covering. Business very small, Market quiet. In the afternoon; the market was
quietly steady.
Spot, 22-3/180.
Forward, 21-13/16d.
BOMBAY SILVER
Bombay, July 17 (Reuter).
Offtake 75 bars.
Market-Quiet.
Indian Mint Silver
Market steady with little more buying interest." NEW YORK COTTON: The weekly weather report is disap- pointing. Trading and Far Eastern interests bought on the scale' down. Speculative demand was small.
NEW YORK RUBBER: The uncertainty with regard to Für Eastern developments caused Trade shorts to cover on a thin mar- et.
CHICAGO WHEAT: Weather report: The weather in the South- West is clear and warm. Conditions in the North-West "are cloudy with rains.
21 up
Iloilo Ipoh
Lumpur Shanghai HAMBURG
Patani
(Johore) Tientsin
Tokyo New York Tsingtao Peiping Yokohams Penang
CURRENT ACCOUNTS opened in LOCAL CUBRENCY And FIXED DEPOSIT received for and year or shorter perioda in Local and other Our- rencies on terms which will be quoted on application.
Also up to date Sarz Darosir
BOXES in various sizes To La Hong Kong, 28th February, 1940,
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 & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb. 1939.
THE CHASE BANK
15. QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STEKET,
NEW YORK. Aa American Book offering com plete Foreign Banking Service in the principal Markets of the "world. Interest Rates on Application.
BAFE DEPOSIT BOXES
This Bank is entirely owned by
TH CA NATIONAL BANE New York, with Besources of arm KT.8.$2,000,000,000,'
D. M. BIGGAR,
Second Vice Pres
Ajob
WANT ADS
INDO-CHINA
HANKOW
NEW YORK
PRIPING
(Peking)
YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DIFOBITE received for Open Year or shorter perioda in Losal of Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling, with interest allowed at rates obtainable “u 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 at any of the Agencies and Branches.
RA. CAMIDGE,
Manager,
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital... Reserve and Undivided.
3,598,600.00
Profits ........2,983, 281.30
Head Office:--HONG KONG No. 10. Des Voeux Road, Central.
Board of Directors:
SIR SHOTSON Cnow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P.E. Kwok, Beg. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Po, Eng. Oban Ching Shok, Es, Fang Ping Wah Esq KAY TONG PO, Esq., Chief Manager Li Tax Foxo, Esq., Manager
Branches and Agencies:-~
Amor
Kotloos Penang Magapore Leadon Bangun Bourabaya
Manila, *** Salgos
Malbourne San Fran. Sydney
Every description of Banking and Exchange business transacted. Loans granted on approved securities...
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur rengies on terms which will be quoted on application.
SAVE LEPOBIT BOXES TO LIT.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
BANK
יי
STEAM NAVIGATION COMPANY LTD, PAID-UP CAPITAL 840,000,000,00
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEVOO
and TIENTSIN
KOBE and. OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN YA"
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further partionlam
plesso apply to-
JARDINE MATHESON&Co.,LT TELEPHONE KOJIL - GENERAL MANAGERS
(BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China 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 Office:--SHANGHAI
Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
CANTON
SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funda of the Chinees Government both at Homs. and Abroad.
SHOU. J. CHEN,
Manager
Bombay
.Kuala
Francisco BAIPHONG
Calcutta
Canton
Londar
Singapore
Cheloo
Lyous
Sourabaya
Colombe
Malacca
Sungei
Dairen
Manila
Foochow
Muar
Swatow
Haiphong
Bankow
Mukden
Harbin
Close Change 9.43 08 off
19.47
קט 18,
741
I of
581
i ofi
9,60 9.42 .18 off
Change
17
up
,27 up
.08 oft
.00 off
.06 off
.09 of
.08 off
.07 up
21.90/22.00 .85 up 19.47/47
.18 up
.21 up
21 up .21 up
7 off
7 off of
Bateria
Bony
Haiphong
Kagaz
aleco Tintin.
Hanko
New York Battle
PUTET
Bonaaln Lobe
Paris
Polping
Semarang Shanghai
4
❘ up
+ off
1 off
urén.
18 off
24 off
SWATOW