STOCKS
Last Sale
STOCKS
July 23
Last Sale
July 22
Adams ExprO KA
51"
Kennecott Copper
251
Alleghany Steel Co.
201
Lakey Foundry & Mac......
3.
Allied Stores
Ci
Libbey-Owens-Ford
Glass
371
Allis Chalmers
201
Lockheed Aircraft
247
Aluminium, Ltd,
60*
Loew's Inc.'
24
Amer. Can
94"
Loft Incorperated
211
American Cyanamid B.
324
Mack Truck Inc.
201
Amer. & Foreign Power
14
Martin, Glen L
281
War Loan, 31% (Red
after 1952) Canton-Kloon Rly. 5% B
982
Amer
& Foreign $7 pf.
141
McKesson & Robbins, pía.
211.
Chinese 41% Gold Loan
NEW YORK, July 22, 1940...
American Gas & Elec.
321.
Monsanto Chemical
89
1898 (Brit. Issues
35
Amer. Locomotive
124
Montgomery Ward
40
Chinese 5% Gold Bonda,
SINGAPORE RUBBER
Amer, Kitals Co.
14
National Aviation
91
1925-47 ....
43
Amer, Radiator ....
51
Nat. Dairy Products
141
Chin. 41% Anglo-French
Amer. Rolling` M
11
Loan, 1908
44.
| Nat.: Distillers
201
Amer. Sting and Ring Co.
30
National GypMILIE
61
Chinese 5% Crisp Loan,
OCT./DEC.
Amer, Sugar Redning
151"
National Lead
16
1913....
15
JAN. MAR.
Amer. Tel. & Tel.
1591
Nat, Fower & Light
71
Chinese '5% Reorg Loan,
Amer. Tobacco "B".
761"
National Steel Corp.
58*
1913 Lan. Is.)
20
The market was steady, LONDON RUBBER
Amer. Waterworks
BI
Chinese 8% Ster. Noter.
National Supply Corp.
6
PAGE 10 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)--
July 23, 1940.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, July 22. 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
SPOT
(FROM PAYNE & CO.)
WEDNESDAY, JULY 24, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION,,
Authorised Capital................. 880,000,000 Issued & Fully Paid-Up $20,000,000
Reserve Funds: Sterling.................................. £ 6,800,000 H.K. Currency Reserve $10,000,000 Beserve Liability of
Proprietors
.$20,000,000
Herd Office:-HONG KONG
Chairman.
Board of Directors; E. V. Wilkinson, Esq.,
Hon. Mr. J. J, Paterson,
Deputy Chairman." J. K. Bousfield, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell, G. Miskin, Esq.
K. S. Morrison, Esq.; T. E. Pearce, Esq...
"C. O. Roberts, Esq.,
Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,
INDIA, AUSTRALIA AND CHINA Incorporated by Royal Charter, 185M
Paid-Up Capital Reserve Fund Reserve Liability of Pro-
prietom...
£3,000,000 ...£3,000,000
£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate E.C.3. Sub-Agencies In Lendon? 117/192, Leadenhall Street,·E.Ca West End Branch: 14/16, Cookspur Street, S.WL Manchester Branch: '62, Mosley› Street, Manchester, 2.
AGENCIES. AND BRANCHES:
HARBIN
PENANG HONG KONG RANGGON JLOKEN
BAIGON
ALOK STAN AMRITSAR BANGKOK BATAVIA BOMBAY CALCUTTA
Chief Manager. Curs STXET
Previous July 22
Close Opening Closing Buyers Buyers
36-5/8 36-1/2 36-3/4 up 1/8 34-3/8 34-1/4 34-1/2 31-7/8 31-3/4 32 cts.
Change
*
под KABACH1 KLANG
SHANGHAI
Previous close Today's close
AGENCIES: KO
SINGAPORA
SITIAWAN
buyers
buyers
Anaconda Capper
19*
New York Central
114
1925 (Vickers) ....
Atchison, T. & S. Fe.
151
Niagara Hadson Power
41
Chin. Imperial Rly. 5%
SPOT
12-1/8
12-3/16
Change up 1/18
Amation Corp.
43
N. American Aviation ...
151.
Loan ...
Bacock & Wilcox
Baldwin Lecometive
233
Honan Rly, 5%
995
66
AUGUST
12-1/16
12-1/4
up 3/16
12
SEPTEMBER
senedes...........-11-15/16-
Amoy
12-1/16
up 1/8
North American Co.
10
.
144
Northern Pacific..
6
Hukuang Rly. 5%, 1911...
OCT,-DEC.
Baltimore & Ohio
37
Owens-Minois Glass Co.
51"
(LP. N/Y Issue)·
14
JAN.-MARCH
11-5/8 11-5/16
y
11-3/4 11-1/2
up 1/8"
Bangkok Kobe
Branches: Johore Rangoon
Saigon
FAYREIN PAKTN ПАНТОН
ZTALA
SODRARAYA
LUMPUR
DAWNPOEM
KUCHING
•
MET
MADRAS
COLOMBO
KANILA
TAIPING
TIENTEIN
TONGEAR
(Bhuket)
Batavia
Kowloon
Sani
DELHI
MEMAN
TSINGTAP
up 3/16
Bombay
Kuala
Barber "Asphalt Co.
10
Pacific Gas & Elec
29
Bukuang Rly. 5%. 1911.
Barnsdall Ol
8
Pacific Lighting
42
German Issue)
11
"Bell Aircraft Corp.
15
Packard Motors
31
Lung Tsing & U. Hal
Bendix Aviation
271
Pan-American Airways
131
Rly. 6% 1913
8
Bethlehem Steel
753
6haf-N'King Rly. 5%
15
Paramount Pictures
41
Bugs & Co......
133
Tientsin-Pukow Rly. 5%
Pennsylvania RIR.
191
(Brit. Stpd.).
Boeing Airplane. Co.
137
Phelps-Dodge
261
Borg-Warner
153
Philadelphia Road, Coal ..
Bridgeport Brass Corp.
83
Phillips Petroleum
32
8
;
Briggs Mig.
171
Pittsburg Coke & Iron
Brooklyn-M'hattan
Trans.
23
Public Service of N.J
361*
Brooklyne-Man, Pid. ......
109
Pullman Inc.
19
Budd M'facturing Corp.
31
Pure Of
78.
Canadian Paclic, R'way “...
21
Radio Corpn, of Am.
5
Case, JI,
47*
Reading Company,
Com
131
61
Celanese
281
Remington Arms Co., Inc.
41°
K. & Shai Bank (Ldn.
Chesapeake & Ohio
372
Republic Aviation Corp.
41
Chrysler Corpn.
631
Reg.)
Republic Steel.
161
Climax-Molybdenum Co.
274*
HK. & Sha! Bank (Col.
Revere Cop. & Brass. Ino...
8
Reg]
68',
Colts Patent Fire-Arms
731.
Reynold Tobac. "B"
37
Chinese Eng. & Mining
Columbla Gas & Elec.
51
Richfield O
8
(bearer)
15/8
Columbia 6% "A" pf."
32.
Safeway Stores
43+
Chosen Corporation
Commercial Credit Co.....
281
Schenley Distillers
Pekin Syndleate
2
Com, & Southern (Ord.)
It
Sears Roebuck-
721
S'hal Elec. Constr. Co.
∙15
Consolidated Edison
28
Shell Unlon Ol
81*
S'hal Waterworka “A”
13
Consolidated Ou
"B1
Socony-Vacunum 0
Union Insurance
(20
39
Continental Cen
Continental Oil
Southern Pacific
81
Gula Kalumpong Rubber
13/9
...181
Southern Rly 35.pid......
181
B.-A, Tob, (bearer)
62/6
Copperwald Steel
18
Sperry
3517
Mercantile Bank
111
Corn Products.
501
Spicer Manufacturing Co. 25
Dunlop Rubber
24/8
Ourtiss Wright (C)
7
Standard Brands
6
Bristol Aeroplane
8/1
Curtiss Wright "A"
241
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Com, Sept. New York Hides. Sept. NEW YORK COTTON
Oct. (New. contract) December » }
Stand Gas & Elec..
11
Imperial Chemical Ind.
22/9.
January
Deere & Co. ...
15!
Standard Oll of California
181
United Steel
15/44
March
C }
Distillers Corpri. Seagrams
16
Standard O of N.J.
341
Woolworthw
43/44
Douglas Aircraft
671
May
Stone & Webster
Marsman Investments
8/6
Du Pont de Nemours.
157
Studebaker Com,
63
Western Holdings
Spot ori
7/8
Eagle Picher Lead
8.
Swift International
-17+
-Sub-Ngel
150
Eaton Mfg. Co.
1294
Technicolor
Shell Trans. Trad
NEW YORK RUBBER
Elec. Autalite
314*
Texas Corpn.
381
(bearer)
31/10t
July
Mec. Bond & Share
52
Texes Gulf Sulphur
302
Nat Defence Bonds, 3%
094"
Elec. Bond & Share $5-pt.
.82*
September
Timken-Axle
23
London-Midlands-Scot-
December
Elec Bond & Share $8 pt.
89
Trans-America Co.
43
tish. 3%
12+
January
Féc. Power & Light 57 pt.
334
20th Cent. For
01
Great Western
Rall-
March
Fisk Rubber
: 10%*
20th Cent. Fox, $14 pt.
141
Nat. Back of India, 3%
29
May
Filatkote
-121
Union. Bag & Paper Corp.
101.
way, 3%
231
Gen. American Trans
43
Total sales:-100 tons.
Union Carbide & Carbon
68..
Gen. Electric
32
Union Pacific
81
Chen, “MotoID ............
434
United Aircraft
331
Gen.Railway: Gignal Ban
11*
Uulted Airlines Trans .....
181
Gen. Tire & Rubber
117
United Corpn
17
Glidden Co.
12*
United Corpn. $3 eum pf... 33
"Goodrich (BF)
12
United Gas Corpn.
1.
Goodrich $5.01.
524*
United Gas Improvement
121
Goodyear Tire & Co.
143
U.8., Industrual Alcohol....
173*
Great Northern Iron Ore
14
U.S. Rubber.....
181
Great Northern Ely, pfd.
223
US. Rubber: #8 -ptd.
754*
Great Western, Sugar
201
8. Steel
507
Greyhound Corpn.
114
Vanadium
201
Hercules Powder Co,
77*
Vultee Aircraft
61*
Eamestake sădining
43
Walworth Co.
International Harvester
301
Warner Bros. Pict.
"21
Int Nickel
1223
Westinghouse Elec.
Inter. Paper & Power
123
Woodward Iron Cor.
25
SILVER MARKET
LONDON SILVER
London, July 22 (Reuter). Silver: Little speculative re- selling for cash was met with a. poor demand. Business amail. Market quiet. In the afternoon, the market was quietly steady.
Spot, 22-3/184.
Forward, 22-1/16d.
BOMBAY SILVER
Bombay, July 22 (Reuter).
Market Quietly steady. Offtake
100 bare. 931
Indian Mint Silver
July...
CHICAGO WHEAT
July
September...... December
Saturday's sales:-unreceived. CHICAGO CORN
September
December
WINNIPEG WHEAT
July "..
October
December
NEW YORK HIDES
Int, Tel. & TEL
523*
Johns-Manville
501
-bld.
J, & Laughlin Steel #7 pfd 178*
DOW JONES AVERAGE
Low Dow Jones Averages July, 20, High Low Close
Chase National Bank National City Bank
Ready
62-03
September ...............8.95/95., December
July 30 Settlement
82-01
New York Official .......unquoted
Aug. 28 Settlement
62-01
NY-London Cross Rate 3.00
Ex dir.
1938/40
Efigh
156 91 111.84 30 Industrials
13590 215 220 Raila
27.70 14 03 20 Utilities
92 22 8308 40 Bonda
July 23, 1940,
705-GE
•191.87 26.26 2199.30
122.47 191.82 12.08
Change .19.p
~18:27 ~20.16 -20-21
22 31 #2.23 122.25
.05 off
89.28
66 87 45.58 Commodity, Ludex
88.29 .08 off 50,83
· Business Done :~230,000 shares
LENDING CAPACITY LONDON STOCK
INCREASED
MARKET
~WASHINGTON,-July-23 (Reuter, LANDON July 23 (Reuter)-In -President Roosevelt. has recom-the Stock Exchange Gold minings attracted the mended to Congress an increase of and Home rails $500,000,000 in the lending capacity | majority of attention, the former
Tientsin-Pukow Rly. 5%"
(German Stpd.) Tientsin-Pukow Rly. 5%
(Erit. Stpd. Supl. Loan) 8 Tientsin-Pukpw Ely. 5%
(Ger. Stpd. 'Bupi. Loan) 8 Jap. 6% Ster. Loan, 1924 30 Ger. 7% Intl. Loan, 1924 51 Chartered Bank,.
After ruling quiet, the market improved on little trade buying and covering.
NEW YORK COTTON: Present crop ideas are around 12.000,- 000 bales and domestic consumption for next season is estimated as high as 9,000,000 bales. This is based on prospective heavy Gov ernment purchases of various goods through its preparedness 'cam-... paign and probably on an increased movement of" American cotton .goods to Bouth and Central America.
are nervous and the local CHICAGO WHEAT: Conditions market requires new incentive and an Increased volume of buying. There have been further beneficial rains in the North-West.
"NEW YORK STOCKS: Previous close, 121.87 Today's close. 122.08: Change, up 19
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
Prev. "Today's". High Low Close Close Change 9.35 9.28 9.30 9:28. .02 off
19.45
19.40 19.47
unch 741 73
.731 1.off 81+ 601 8.05 8.58
unch. 19.40/40 unch. 18.72b/95a 18.80b/70a .10 off unquoted
18.55n
.09 off 18.455/85a 18.45b/55a unch. 18.45n
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Bervices for Cargo and Passengers
TO-
BWATOW, SHANGHAI, TINGTAU, CHEFOO
and TIENTSIN
KOBE and -OSAKA
SINGAPORE, PENANG and CALCUTTA BANDAKAN.
All steamers borth alongside the Roosevelt Terminal in the French Consosion at Shanghai, where passengers and cargo are landed.
of the Export, and Import Bank to owing to the imminence of divi-, HAIPHONG enable the bank to assist in the dend declarations, the latter on disposition of surplus commodities buylug 25 a-gontra Budget hedge. of-Latin-American antions.
Out-edged Was fractionally President Roosevelt also proposed easier and industrials were irregu- that restrictions on the bank's lar though a stronger tendency lending powers should be removed: was visible, shortly prior, to the
The Preddenia move is expected close.
materially to assist the delibera- Wall Street was steady. tions chase Fan-American Confer-
ence it wa
It is regarded as further step products of certain à American;
For further particulara
please apply to
JARDINE
in the alan to form a Pan-Ameri-States and to keep, the totalita TELEPHONE ZOOZIL.
Can Cartel to dispose of surplus Powers out of South America:
THESON:
Dairen
Bankow
(Johore) Tientsin Mukden Tokyo New York Tsingtao Peiping Yokohama Penang
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DENSIT received for one year or shorter periods in Local and other Cur- rensies on terms which will be quoted on application.
ALSO up to date SAFE DEPOSIT Boxes in various sizes To Ler Hong Kong. 28th February, 1840.
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 & SHANGHAL BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong 26th Feb., 1939.
THE CHASE BANK
31 HEAD OFFICE:
18, Pika SrazNT,
NEW YORK An American Bank offering com plete Foreign Banking Bervice in the principal Markets of the. world. Interest Rates od Application.
SAFE 'DEPOSIT BOXES
PUISING
BANKOW (Peking)
FORE.ON EXCHANGE and General Banking Business transacted,
CUBRINT Acooters opened and FIXED DEPOSITs received for One Year or aborter periods in Löcal or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened is Local Currency and Sterling-with interest allowed at rates obtainable on application.
The Bank's Head Office in London, undertakes Executor and Trustes 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.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00′′ Paid-Up Capital 5,898,000:00 Reserve andTM Undivided ...Prosta
..2,283,281.80
Head Office-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors: SIE SHOPSON Cnow, Chairman El Koom Chun, Esq. Zi Lan Sangg P. Ku Kwok, eg,
Wong Cha Son, Eaq. Wong Im Tong, Baş, Kan Ying Po, kany Chan Ching Shok, Eny, Fung Ping Wah Esq
KA TONO PO, Esq., Chief Manager Li Tan Fona, Esq., Manager
Branches and Agencies:--|
Kowloos Pesent
Bugspere
Maresme an Eran- „Apslawy
This Bank in Centirely owned by Kabe
TH CHASE NATIONAL BANK. NEW YORK, "with" Beoufom of orm | Bvery description et Banking and 1.8.$2,000,000,000.
M. BIGGAB
Bewond Flos Frt
THE MERCANTILE BANK OF INDIA,” LIMETED"
Head Officer-15, Gracechurch Street, London, EC3
Althorised Capital
Eubscribed. Ospitale
Paid-up Capital 2 ReMrve Fund sad Rast,"
BANKERS:
The Bank of England and Midland
Bank Ltd. halimars BRANCHES:
Bangkok Ipoh
Boulay
ILIDA
Calenta
Colombo
Kandy
Delhi
Kamobl
Region
*Kola. Bhara Kenia Ligh Howrah Kuala Lumpur
Kunis Trengganu Madras
PALEE
Вадубов
„Shanghal- Singapore
Exchange business transacted. LoanS " granted on approyed; securities.
Current Accounts opened in Local Currency and Fixed Deposits r ceived for "one" "year or "forter periods in Local and Foreign Cür- rencies on tegns which will be quoted on "application.
SAFE, LEPOSIT, BOXES TO LET.
KAN TONG PO,
Chief Manager.
‚BANK OF CHINA
T
Specially, Chartered, by THE NATIONAL GOVERNMENT OF CHINA; AS AN INTERNATIONAL EXCHANGE
ADBANK? Art PAID-UP CAPITAL 840,000,000.00 (BRANCHES ALL OVER"ÚRIKA) Owing to our numerous Branebos. * UNDERTAKEN ME in: Übina and connections in the
HONG KONG BRANCH: Erory description of peaking and Exchange
bugin tractade
TRUSTER AND EXECUTORSHIP.
CUREEST ACCOUNTS Loaded in Lotal Cur
dry and TX DEPORTS received in Local principal Commercial Centres of Darsney & ECKELING castornid Eazi way be the World, we are able to extend sacertalas on syy Heation.
so our Clients special facilities for Domestic and Foreign Banking and Exchange
D. BENSON.
ina,
What do
you want?
--If there "is" anything. you want to buy for ** sell,try smal
"Classified
advertise- ment in the Hong- kong Delly-Protam
words $1.50 prepaid
for 3 insertions.
Head Office:-SHANGHAT
Hong Kong Branch.
QUEEN'É ROAD, South China Office: CANTONA SWATÓW
SHIUCHOW
“KONGMOON
TOISHAN
KINGOROW
We also handle the jus and other "Public Chinese Governmen and Abroad:00
SHOU
the
Calcutta
Lumpur
Francisco Shanghai
HAIPHONG
NEW YORK
YOKOHAMA
HAMBURG
Canton
London Singapore
וי
Chefoo
Lyons
Scurabaya
Colombo
Malaces
Sungel
Manila
Patani
Foochow
Kuar
Swatow
Haiphong
Harbin
Iloilo Ipoh
مت
m
19.40
14
591 ป
601
up
8.95 8.53b 42 off
Close
Opening
Closing
Change
9.30/30 9.16/17
9.23/28
0.28/28
.9.15/18
9.18/18
02 08 unch.
).... 9.06 N
9.04b/06a
9.060
8.94/95
9.92b/93a
8.94/94
y:
8.77 N
8.75b75a
8.77/77
10.28 Ń
unrecd.
Total sales Saturday:-17,800 bales.
15, QUEEN'S ROAD, CENTRAL
22.25/25
22.25/25
19.40/43
19.47/47
18.70/70
18.64 N
-18,45 N 18.45 N
unch.
731/731
-721/721
of
/741/74
74/731
W Amdy
Bateria ( Borney
London
Manita
Halphong
New Terk HARLOW
Honolala
Kaigon
Bourabaya Bestow
0800 taln
731/731
off
751/75+
*75+/751
748/742
1 off
621/624 60/507
63/631
.1 up
804/804
557/551 561/57
607/807 687/661
up
üp
7118
unch.
7318
7312
3418
734
731a 711a
̈;8.75b/9.00a-8.53b/55a
9.15/16
9.03/05 8.71/75
42 of .44 off
34-3/4 unreceived