Last Sale
STOCKS
Last Sale
July 24
July 24
5+
Kennecott Copper
241
Alleghany Steel Co.........
201
Later Foundry & Mac. .....
34"
Ailled Stores
Libbey-Owens-Ford
Glass
38
370
Allis Chalmers
29
Lockheed Aircraft
24
Aluminium Ltd.
592
Loew's Inc. ..........
24
62 3/4
Amer. Can
94+"
| Loft Incorperated
217
American Oyanamid B.
32+
Mack Truck Inc.
194"
..... 98·1/8 ·
Amer. & Foreign Power
11
Martin, Gien L
284
NEW YORK, "July 24, 1940."
On India:-
Amer & Foreign $7 pt.
141
McKesson & Robbins, pfal. 21-1/9
Telegraphic
Transfer.
American Gas & Elec.
89
Monsanto Chemical
SINGAPORE RUBBER
and demand ....
Amer, Locomotive
12
Montgomery Ward
391
Amer. Metals Co.
14.
National Aviation
93
51
SPOTS
Nat, Dairy Products
14
Amer. Rolling Mill
101
OCT./DEC.
Nat. Distillers
Amer. Sting and Ring Co.
35
JAN./MAR.
..... 43 3/8
National Gypstim g
Amer, Sugar Refining ...... Amer. Tel, & Tel..... Amer. Tobacco "B"
13.
National Lead
101
1591
Nat. Power & Light
74
LONDON RUBBER
16*
National Steel Corp.
Amer, Waterworks
8+
National Supply Corp.
51
108
Anaconda Copper
184
M'tain City Copper Cc.
23
SPOT ang na ngi
AUGUST
Atchison, T. & S. Fe.
151*
New York Central
13
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JULY 25, 1940.
On London:-
Telegraphic Transfer. 1/2 1/ Bank Hills, on demand 1/2 178 Credits 4 months' sight 1/3 1/5
On Shanghal
On demand
On Singapore:—
On demand
On Japan:~-
On demand
**
NEW YORK STOCK EXCHANGE
БТОСКЕ
Adams Express
On New York:-
Bank Bills, on demand 93 1/4 Credits 60 days' sight 21 5/8
On Batavia --
On demand
On Paris:
Bank Blils, on demand 1085 Credits 4 months dight 1160
On Saigon:-
On demand
Amer. Radiator
QUOTATION
(REUTER'S SERVICE)
JULY 25, 1940.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG :
COMMODITY MARKET
FRIDAY, JULY 26, 1940.
BANKS
HONGKONG & SHANGHAI{THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $80,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Boyal Charter, 1858
Reserve Funds:
"Sterling.........
£6,500,000 Paid-Up Capital
Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors......
ileserve Liability of
Proprietors..99
$90,000,000
Head Ofce: HỌNG KONG
Board of Directors:
H. V. Wilkinson, Esq.,
Chairman.
Hon. Mr. J. J, Pateron,
Deputy Chairman.
C
J. K. Bousfeld, Esq., A. H. Compton, Esq.," Hon. Mr. S. H. Dodwell,
............£3,000,000 *****...*£3,000,000
„£3,000,800.
HEAD OFFICE: LONDON;
38, Bishopsgate E.CA
Sub-Agencies" In Lendon: 117/122, Leadenhall Street, E.Q.a. West End Branch: 14/16, Cockapur Street, B.W L Manchester Branch;
82, Mosley Street, Manchester, 2
PENANG
AGENCIES AND BRANCHES:
HARBIN SONG TONG LAN000 ILOILO. BAIGON IPOB KALACHI
REVIEW
(FROM PAYNE & CO.)
Previous July 24
34-7/8
32-1/4
Close Opening Cicaing Buyers Buyers
38-7/8 36-7/8 ·36-3/4 34-7/8 34-3/4 32-1/4 32-1/2
Change
off 1/8
G. Miskin, Esq.,
of 1/8
K. 8. Morrison, Esq.,
ALOE STAR AMRITSAR
up 1/4
T. E. Pearce, Esq.,
RANGKOK BATAVIA
O. C. Roberts, Esq..
BELEMBAN
The market was steady but quiet.
BOMBAY
SHANGHAI
Previous close Today's close
buyers
buyers
Change
Hon. Mr. A. L Shield,.
Sir Fandeleur M. Grayburn,
Chief Manager. LA STAT KUALA
CALCUTTA
KLANG
SINGAPOR
AGENCIES: KOR
81TIAWAN
BOURABAYA
FAIRIN PLACE
..
12-5/18
12-5/16
unch.
CANTON
LUMPUR
TAIPING
***......... 12-5/18
12-5/16
unch.
Branches:..
CAWWPORN
SEPTEMBER
On Manila:---
On demand
Aviation Corp.
43
....... 12-3/16
12-3/18
unch.
Amoy
40 1/%
Niagara Hudson Power
4)
OCT.-DEC.
**** **** *... 11-7/8
11-15/18
up 1/16
Bangkok
Johort Kobe
Bacock & Wilcox
N. American Aviation
15)
JAN.-MARCH.
On Bangkok:---
On demand....... 149 1/2
11-5/8
11-11/18
up 1/18
Batavia
Kowloon
Rangoon Saigon $30
CERU
COLOMBO
KUCHING: MADRAS MANILA
TIENTSIN
TONGKAK
(Bhuket)
Baldwin Lecometive
141
North American Co...................
183
Bombay
Kuala
DELHI Francisco HALPHONG
MEDAN
TRIXOTAC
NEW YORK
YOKOHAMA
"
Baltimore & Ohio
The market was quiet.
On Sterling Notes:-
Northern Partfic
Calcutta
Lumpur Shanghai
HAMBURG
PRIPING
Barber Asphalt Co.
Owens-Illinois Glass Co.
52*
Bank Buying Rate
1/5"
Barnsdall OL
Pactic Gas & Flee
29
Bar Bliver për of. .....................
39 38
Bell Aircraft Corp.
Pacine Lighting
Bendix Aviation
27
Shanghai Exchange
Packard Motors
31
Bethlehem "Steel
75
Pan-American Airways
134
Shanghai, July 25 (Reuter).
Official TT, Rates
Suss & Co.
13
Paramount Pictures
5
Boeing Airplane Co........
131
Pennsylvania R
191
Opening
Borg-Warner
-15%
Phelps-Dodge
Landca
0/3-3/4
Bridgeport Brass Corp.
Philadelphia Read, Coal
+
New York
5-7/8
Briggs Mfg................
171
Phillips Petroleum
.321
Japan...
24-1/4
Brooklyn-M'hattan Trans:
Pittsburg Coke & Iron
Paris
20-3/4
Brooklyne-Man. Pfd.
Public Service of N.J,
38*
Hongkonglers
24-7/8
Budd M'facturing Corp.
31
Pullman Inc.
Sterling
Canadian Pacific R'way ...
21
Pure 03
7
Bellers
Case, J.I.
471*
Badlo Corpn. of Am.
42
Spot
July
Aug.
||
Spot
July
Aug.
$8-1/8
8-1/8
Opening Closing
0/3-57/684 0/3-29/32 0/3-57/64 073-29/32 .0/9-7/8 0/3-57/64 U.S. Dollars
$8-1/8 6-1/8 6-1/18- 6-1/16
Market: Quiet.
India Rupee Paper
Bombay, July 24 (Reuter): Govt. 34% Rupee, 87-12-0.
Calcutta Exchange
Calcutta, July 24 (Reuter). TT. on Japan, 85-5/8.
LONDON STOCK Douglas Aircraft
EXCHANGE
(REUTER'S SERVICE)
London, July 4.
27
Celanese
Reading Company,
Com
124*
Chesapeake & Ohio
37
Remington Arms Co., Yac.
Chrysler Corpn.,
831.
Republic Aviation Corp.
*
Climax-Molybdenum Co...
Republic Steel
161
New York Cotton. Oct. New York Rubber, Sept.
Colts Patent Fire-Arms
Revere Cop, & Brass Inc.
Columbia Gas & Elec.
51
Chicago Wheat, Sept.
Reynold Tobac. "B"
351
Columbia 8% "A" pf.
Richfield OU
Commercial Credit Co. Com. & Southern (Ord.)
29
Chicago Corn, Sept, New York Hides, Sept.
Safeway Stores
Consolidated Edison
271
Schenley. Distillers
Sears Roebuck
Consolidated 01 mg
Continental Can
381
Shell Union OH.
Continental Oil
18+
Socony-Vacunum Oil a....
Copperweld Steel
173
Southern Pacific
81
Southern Rly $5 pfd.
171
NEW YORK COTTON
Oct: (New contract) December 29 D. January (.. > March { }
Corn Products
May.
Curtiss Wright (C)
87
Sperry
Curtis Wright "A"
231
Spicer Manufacturing Co. 244
July
Spot
Standard Brands......
Deere & Co.
Distillers Corpn. Seagrams
16
Stand Gas & Elec.
081
Standard Ol of California
Du Pont de Nemours
'1567
Standard Ol of N.J.
Eagle Plcher Lead
77
Btone, & Webster
July
OF
Eaton Mig, Co.
30
Studebaker Com,
September
Elec. Autolite
317
Swift International
174
December
Elsc. Bond & Share
Technicolor
ཉྩཏྟཱ་
January
381
The following quotations are the
Elec. Bond & Share $5 pt.
82-
Texas Corpn.
March
middle prices at the close of the
Elec Bond & Share $6 pt.
681
Texes Gulf Sulphur
307
May
il
12
997
ין
market in London. All quotations Elec: Power & Light $7 pt. are subject to confirmation and no Fisk Rubber responsibilty is assumed for errors Flintkote
transmission.
War Loan, 31% (Red
after 1962) Canton-K'loon" Rly. 5% 6
Chinese 41% Gold Loan
321
Timken-Axle
223
Trans-America Co.
121
20th Cent. Fox.
Total sales:-390 tons.
CHICAGO WHEAT
Gen, American Trans.
434
20th Cent. Fox, $1 pl.
Gen. Electric.
314
Union Bag & Paper Corp.
104
July
Gen, Motors
433
Union Carbide & Carbon
88
September
811
December
Gen. Railway Signal
"41
Union Pacific
1898 (Erlt. Issue) .............. Chinese; 5% Gold Bonds.
30
Gen.. Tire & Rubber
Glidden Co.
Goodrich (BF.)
111
United Aircraft
331
12
United Airlines Trans.....:
16
11
United Corpn.
11
CHICAGO CORN
Goodrich $5 pt.
531*
United Corpn. $3 cum pt.
334
July
1926-47
40
Goodyear Tire & Co.
141
United Gas Corpn.
14
September
Chin. 41% Anglo-French
Great Northern Iron Ore...
14
United Gas Improvement
12)
Deceraber
Loan, 1908
41
Great Northern Aly, pfd.
22
U.S., Industrual Alcohol...
18*
Chinese 5% -Crisp Loan.
Great Western Sugar
207*
U.S. Rubber
181
WINNIPEG. WHEAT
1912
13
Greyhound Corpn.
111
US. Rubber.$8 pid.
77)
July
D.8. Steel
50.
Chinese 5% Reorg. Loan,
1913 (Lan. Is)
Hercules Powder Co. "
781*
October
Vanadium
291
December
Homestake, Mining
Vaitee Aircraft
Chinese 8% Eter. Noter
1925 (Vickers)
Chin. Imperial Rly. 5%
Loan .............. 'Honan Riy,' 5% ......... Hukuang Rly. 5%, 1911... (LP, X/Y Issue) ................ Bukuang Ply. 5%
International Harvester
391
Walworth Cò.
31
NEW YORK HIDES
Int Nickel
22
Warner Bros. Pict
Inter. Paper & Power
111
Beptember
Int, Tel, & Tel
21
Westinghouse Elec,
942
December
Woodward Iron Cor.
Johna-Manville
J. & Laughlin Steel 17. pfd
Chise National Bank National City Bank
NY-London. Cross Rate 3.81-1/2
14
1911
• bla
-ex, diy,
(German Issue)
11
Lang Taing & Hai
DOW JONES AVERAGE
Rly. 5% 1913.......
a
1939/40
B'hai-N'King R7. 5%
13
High Low Dow Jones Averages July. 3, High Low
Tientsin-Pukow Rly. 5%
156,92.111.84
30 Industrials
129.23
July 25, 1940
122.30 121.49 121.84
Close Change
35,90 22 15 20. Rails
28,44
97.70 18.03. 20 Utilities
32 11 8305 40 Bonda
22.08 88.20
65 67 45.58 11. Commodity Index 50.89
¿Brit, &tpd.) Tientsin-Pukow Rly. 5% (German Stpd.)........... Tientsin-Pukow Rly. 5%
(Brit. Stpd. Bupl. Loan) B Tientsin-Pakow Rly. 4%
(Ger. Stpd, Supl Loan) 8 Jap. 6% Ster. Loan, 1924 29 Ger. 7% Intl. Loan, 1924 54 Chartered Bank.....
H&S'hal Bank (Ldn.
Reg.
LONDON GOLD
Landon, July 24 (Reuter).
Bar Gold, Fine per cz., 188)-
.59 off 28.47 26.23 28.24.20 off! 22.09 $1.99 21.93 15 off
88 02. 51.03 Al p Business Done-200,000 shares
SILVER MARKET
LONDON SILVER
London, July 24 (Reuter). Silver: Market featureless and qulet. In the afternoon; the mar ket was quietly steady,
Spot, 22-3/8d.
Forward, 22-1/164.
BOMBAY SILVER
H.K. & Shai Bank (Col.
Reg?
68
Chinese Eng. & Mining
tbearer)
16
Chosen Corporation
Pekin Syndicate
Imperial Chemical Ind. 23-6 United Steel 15/9
50 Woolworths jišče Maraman Investments 8/12 Western Holdinga Sub-Nigel
7/9
150
6'hai Elec. Constr. Co.
15
Shell Trans. &Trad.:
Bhat Waterworks "A" ...
131
(bearer)
.33/11
Uhlom Tasurance
20
Nat Defence Bonds, 3% 991
Gula Kaltonpong Rubber
13/9
London-Midlands-Boot-
B-A Tob (bearer) -
66/3
tish. 3
134
Indian Mint Silver
Mercantile Bank
Great Western Rall-
Dunlop Rubber
25/03
8/9
Nat Bank of India. 3% 6823
way,3%
$24
Ready July 30- Bettlement Aug, 28 Bettlement
82-05
62-03
82-03
Bristol Aeroplane
Bombay, July 24 (Reuter). Market Quietly steady. Oftake 150 bars,
NEW YORK STOCKS: Previous close, 122.23; Today's close, 121.64; Change, off .59...
NEW YORK COMMODITY MARKET
8.80.15 up
.15 up
Singapore HANKOW
Patani Swatow Haiphong (Johore) Tientsin Bankow Mukden Tokyo Barbin New York Tsingtao
Peiping Yokohama Penang
Ipoh
(Peking)
FOREIGN EXCHangr and. Üçneral Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPosits received for One Year or shorter periods in Lossi or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUæra also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London
Accounts opened is CUREENT LOCAL CURAKNOT and Fixed Degʊam received for ane year or shorter periods in Local and other Cur rencies terms which will be undertakes Executor and Trustee business, and claims recovery of quoted to application.
British Income Tax overpaid, on terms which may be ascertained st any of the Agencies and Branches...
R. A CAMIDGE,
Manager.
Also up to date SAT DEPOSIT Boxes in various sizes To Lat. Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above "Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Roles may be obtain- ed on application.
For the HONGICNG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb., 1939.
THE CHASE BANK
BANK OF EAST ASIA, LIMITED
Authorised Capital...$10,000,000.00 Paid-Up Capital Reserve" and Undivided
Profita
5,598,800.00
..2,083,281.50
Head Office: HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors: Sin Sponson Chow, Chairman Li Lan Sang, Bag, 2. K. Kwok, Baqi Wong Chu Bona, Esq, Wang Tan Tong, Esq. Kan Ying Po, Bag.. Chan Ching Shok, Kaq, Fing Ping Wah Raq Kax Toxo Po, Esq., Chief Manager Li Tan Fong, Esq., Manager
15. QUEEN'S ROAD, CENTRAI.Li Koon Chan, Esq.
HEAD OFFICE:
18. PINK STREET,
NEW YORK An American Bank offering com plete Foreign Banking Servis in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES ·
Amoy
Boushay Calenta
་་
This Bank is entirely-owned bobe
TEL CHAR NATIONAL BANI NEW YORK, with Besources of ova C.8.$3,900,000,000.
D. M. BIGGAR,
Second Vice Pri
Ajob?
WANT ADS
INDO-CHINA
Brancher and Agencies: –
Keviden PIONER Singaporn Loudon Bangton Souzabaya
Swntow Melbourne Bax Fran- Sydney
Manila
Hew York Seattle Paris".. Bemarang Papink "Shangbal
Every description of Banking and Exchange business transacted. Los granted on approved securities.
Current Accounts opened in Lousi Currency and Fixed Deposita re ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will quoted on application.
Saji Exposit Boxes To Lar.
KAN TONG PO,
Chej Manager,
BANK OF CHINA
Specially Chartered by
| THE NATIONAL GOVERNMENT
OF CHINA ASIAN JA INTERNATIONAL EXCHANGE
BANK
STEAM NAVIGATION COMPANY LTD, PAID-UP CAPITAL $40,000,000.00
Operating Services for Cargo and Passengers
TO-
SWATOW, BHANGHAI, TSINGTAU, CHEFOO:
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG.
All stemmers berth alongside the Roosevelt Terminal in the French Concession a Shanghai, where passengers and cargo are landed.
For further partion
please apply.
ARBINE MA TELEPHONE SOJILAGE
ESONG ERAL MANAGERS
(BRANCHES ALL OVER CHINA) Owing to our numerous Branches in "Chins and "connections in the principal Commereis!" 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: „QUEEN'S BOAD, C. South China Offices!
KONGMOON SWATOW
TOISHAN {SHIUCHOW TO KINGOROW.
CANTON
We also handia, the issue of Bonds and other Publis Funds of the Chimene Government both as Honge and. Abroad,
SHOU J, CHEN,
NEW YORK COTTON: The tightness of free supplies is likely further to strengthen the market.
Canton
London
Chefoo
Lyons Sourabaya
Colombo
Malacca
Sangei
CHICAGO WHEAT:" Local professional sion houses are buying on North-West weather and crop news. A leading grain, expert recommends purchases at présent price-levels · on the belief that current prices are far below the loan and are at least five-cents too low to be in line with the facts
traders and commis-
Dairen Foochow
Manila
Muar
Iloilo
OB
(REUTER'S SERVICE) *
High
9.44
Low
9.33- 9.30
19.45
19.35
19.47
Prev. Today's
Close Close Change 8.43 13 up 19.44 .03 off
.75+ . 731
731
744- 11 up
627
- 61
601
62
17 up
8.85 8.85
8.856
Close
Opening
Closing
Change
9.30/30 9.18 N
9.24/34
9.43/43
13 up
9.20/20
0.20/29
111 up
9.08 N
9.00b/103
9.191
.11 up
8.97/97
8.78 N
8.38/98 8.80/80
9.09%
.12 up.
3.90/90
.12 up
}
8.61/61
8.81/61
10.23. N
8.71/71 10.33m
.10 up
פנר 10.
Total sales Tuesday:-31,000 balës.
NEW YORK RUBBER
22.00b/25a
19.47/48
18.70/70,
18.65 N
21.78/78
22 off
19.50b/583 18.75/74
19.44/44
.03. off
18.53/65
07 of
unquoted
18.59n
.00 off
18.50 N
18.804
18.44n
.06 off
18.50 N..
18.34n
.16 off
713/713
deleted
731/731 732/734
742/748
11 up
743/747 741/74%
781/76
11 up
· Batavia
· Haiphong
Hankow Homolnin
Segres
Tuesday's sales:-19,720,000 bushels.
637/637 601/631
deleted
61/611
62/621
1 up
661/861 61/661
684/883
21 up
711a
714a
unch.
731a
731a
73ja
74 a
741a
8.55b/70a8.65/65
8.30/83
"
6.89/89
8.30/80 -0.02/03
.18 up
Total sales for the day:-103 contracts, New York Oficial 34-3/4
34-3/4 13:86-1/2