PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG..
COMMODITY MARKET REVIEW
"(FROM PAYNE & CO.)
NEW YORK, July 29, 1940
SINGAPORE RUBBER
S PO T
OCT./DEC)
JAN./MAR.
The market was steady but quiet. LONDON RUBBER
SPOT
AUGUST
SEPTEMBER
OCT.-DEC.
JAN. MARCH
APRIL-JUNE
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JULY 30, 1940.
On London:
Telegraphic
Transfer. 2 1/8
Bank Bills, on demand 1/2 1/8 Credits 4 months' sight 1,3 1/2
On Shanghai:-
On demand
On Singapore:—
On demand
On demand.....
Manila:-
On demand
The market was quiet but featureless. NEW YORK COTTON:
CHICAGO WHEAT: In cal period ahead, we think the crop news.
NEW
YORK STOCKS: 123.15; Change up .70.
The loan news is a dominating factor.
view of the loan and the growing criti- that the recent decline fully discounts
Previous close, 122.45; Today close,
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE) (
Shanghai Exchange
Shanghai, July 30 (Reuter).
Chicago. Wheat, Sept. Chicago Corn, Sept.
Paris
Opening . Closing 0/3-57/84 0/3-55/04 0/3-57/64 0/3-55/64- Aug...... 0/3-7/8 · 0/8-27/98
NEW YORK STOCK EXCHANGE
Conselldated Edison Consolidated Of Continental.Can
Continental (11
Copperwald Steel
QUOTATION
(REUTER'S SERVICE)
JULY 30, 1940..
221
40
WEDNESDAY, JULY 31, 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 Incorporated by Royal Charter, 1853
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund
...£3,000,000 ....£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
$90,000,000
Head Office:-HONG KONG
Chairman.
Hon. Mr. J.J. Paterson,
Deputy Chairman,
Hon. Mr. S. H. Dodwell,
C. C. Roberts, Esq.,
Hon. Mr. A. L. Shields,
Sir Vandeleur M. Grayburn,
Chief Manager.
Branches;
Rangoon Saigon
Tokyo New York Tsingtao Peiping Yokohama Perang
نظيم
prietors
**ན༤་ཧཱན*
£3,000,000 HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2 Sub-Agencies In London: 117/129, Leadenhall Street, E.0.3. West End Branch: 14/18, Cockapar Street, S.WLAN
Manchester Branch: 52, Mosley Street, Manchester, 2." AGENCIES AND BRANCHES: ALDE STAB HARBIN - PENANG AMRITSAR HONG KONG RANGOUN BANGTOK ILOIL
IPOH
BATAVIA BOMBAY CALOUTTA
KARAOH1 KLANO AGENCIES: XOBE CATE STREET KUALA FAILI PLACH CANTON
CAWNPORN.
AERO
COLOMBO
* LUMPUR KUCHING MADRAR MANILA
MEDAN
HAIPHONG NEW YORK
PIPING "(Peking)
SALGON
SEREMBAN
SHANGHAI
SINGAPOR
SITIAWAN
3CURADAYA
TAIPING HIENTHIN
· TONGKAH
(Bhuket)
TUINOTAO
YOKOHAMA
FOREIGN EXCHANGE" and General Banking Business transacted.
and
CURRENT A000 opened FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rater which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable 90 application.
CUREENT ACCOUNTS opened in LOCAL CURRENCY and Fix DEPOSIT received for one year or shorter The Bank's Head Office in London periods in Local and other Our undertakes Executor and Trustee rencies on terms which will be business, and claime recovery of. quoted on application.
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager,
Also up to date SAP DEPOSIT Bosts in various sizes To Lar Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
Sterling
Reserve Liability of
Proprietors...
STOCKS
Last Sale |
STOCKS
Last Bale
July 29
July29
370
Adams Express
51*
Lockheed Aircraft
+251
Alleghany Steel Co.
314
Loew's Inc.
32'3'4
241
Allis Chalmers
311
On Japan:-
Loft Incorperated"
Board of Directors: H. V. Wilkinson, Esq.,
On demand
97 1,3
Aluminium Ltd.
60*
Mack Truck Inc.
20
Previous
Close Buyers
36-7/B
:
35
32-1/2
July 29 Opening Closing Change
Buyers
38-7/8 36-7/8 35
35-1/8 32-1/2 32-3/4
On India:
Amer. Can....
934
Martin, Glen L.
30
Telegraphic
Transfer.
American Cyanamid B.
321
McKesson & Robbins, pf4. 211*
182 1/2
and demand
Amer. & Foreign Power
| Montgomery Ward
n New York:-
unch.
up 1/8
Bank Bills, on demand 23 Credits, 50 days' sight 94 3/8
Amer & Foreign $7 pf. Amer. Locomotive Amer. Metals Co.......
14
M'tain City Copper Co..
21
J. K. Bousfeld, Esq., A. H. Compton, Esq.
123
National Aviation
9%.
141
| Nat. Dairy Products
G. Miskin, Esq.,
14
K. S. Morrison, Esq.,
up.1/4
Ja Batavia:-
Amer. Radiator
51
National Distulers
201
T. E. Pearce, Esq.,
43
Amer. Rolling Mill
102
National Lead
17
On Paris:-
Amer. Sting and Ring Co... 361
Nat. Fower & Light 7}
Previous, close Today's close
buyers
buyers
Change
12-3/8
12-7/16
up 1/16
Bank Bills, on demand 1083 Credits 4 months' night 1180 Salgon:-
Amer. Sugar Refining
14
National Supply Corp.
6
Amer. Tel, & Tel
159
New York Central
117
Amer. Tobacco "B"
75
Niagara Hudson Power ...
#
...... 12-5/18
12-7/18
up 1/8
„On demand
108
Amer. Waterworks
2
N." American Aviation
153.
12-3/18
12-5/18.
11-15/18
11-11/18 11-7/16
12-1/8 11-7/8 11-5/8
up 1/8 up 3/18
ነፃ
Anaconda" Copper
191
North American Co.
191
Amay
Johore
On demand
46
Atchison, T. & 8, Fe.
15)
Northern Pacifc
6)
up 3/16 up 3/16
On Bangkok:-
Aviation Corp.
Bangkok
Kobe
Owens-Illinois Glass Co.
55*-*
DELHI
Batavia
Kowloon
San
149 1/2
Baldwin Lecometive
143
Paciác Gas & Elec
201
Bombay Kuala
Francisco
On Sterling Notes:
Baltimore & Ohio
31
Packard Motors
33
Calcutta
Lumpur Shanghai
HAMBURG HANKOW
Bank Buying Rate Bar Silver per oz...
... 1/3
Barber Asphalt Co.
91*
Pan-American Airways
134
Canten
London
Singapora
22.9/16
Barnsdall ou
77"
Paramount Pictures
51
Cheloo
Lyons
Sourabaya
Bendix "Artation
289
Pennsylvania R.R.
Colombo.
Malacca
20
Sungei
Bethlehem Steel
Dairen
Manila
Patani
79
| Philadelphia Read Goal
+
Foochow
Muar
Swatow
Bliss & Co.
13*
Phillips Petroleum
321
Boeing Airplane Co.
Haiphong (Johore) Tientsin
14
Public Service of NJ,
Bankow
Mukden
Borg-Warner
15)
Official T.T. Rates
Pure Oil.......
མ་
Harbin
"
Briggs Mig.
182
Radio Sorpn. of Am.
Iloilo
Opening
Budd M'facturing Corp..
34
Reading Company,
Com
123
Ipoh
'London
0/3-3/4
Canadian Pacific R'way
21
Remington Arms Co., Inc.
41"
New York
5-7/8
Case, JI
48
Republic Aviation Corp.
+1
Japan
24-1/4
Celanese
281
Republic Steel
171
20-3/4
Chesapeake & Ohlo
38
Reynold. Tobac" "B" ......
347
Hongkong
24-7/8
Chrysler Corpn.
70
Safeway Stores
431
Sterling
Columbia Gas & Flee
51
Schenley Distillers
97
Commercial Credit Co.
29
Sellers
Sears Roebuck
737
Com, & Southern (Ord.)
11
Shell Union On
28
Socony-Vacunum Q11
61...
Southern Pacific
38)+
Southern Rly $5 pfd.......
181
19
Spicer Manufacturing » Co.
251
U.8. Dollars
171
Standard Brands
$6-1/18
8-1/18 6
$8 8
Ourtiss Wright (C)
Stand Gas & Elec.
11
Curtis Wright "A"
24+*
Standard Oll of California 181
5-15/16
Distillers Corpn. Seagrains, 15
Standard Oll of NJ........
Douglas Aircraft
69*
Stone & Webster....................
331 71"
Du Pont de Nemours
1572
Studebaker Com...
.01
Eagle Picher Lead
Swift International
171
311
Technicolor
10
321
Texas Corpn.
391
5
Texes Gulf Sulphur
31
Elec. Bond & Share $6 p1.
60+*
Timken-Axle .........
231
Elec, Bond & Share $6 pf.
65
Trans-America Co.
42
Elec: Power & Light $7 pf.
34
20th Cent. Fox.
6.
Fintkote
121
Union Bag & Paper Corp.
10
Gen. American Trans.
441
Union Carbide & Carbon
687
THE CHASE - BANK
Gen. Electric ::
33
Union Pacific
81
Gen. MotorS
444
United Aircraft
331
16, QUEEN'S ROAD, CENTRAI
Gen. Railway Signal
11
United Airlines Trans
16
Gen. Tire & Rubber
11}
HEAD OFFICE:
United Corpn
2
12j*"
United Corpn. $3 cum pí.
322
11}
United Gas Corpn....
11
Goodrich $5 pf.
503"
United Gas Improvement
12.
Goodyear Tire & Co.
141
U.S., Industrual Alcohol...
171*
Great Northern Iron Ore -- Great Northern Rly, 'p/d.
· 141*
U.S. Rubber
19
23
US. Rubber $8 pid,
79
Interest Rates on Application.
Great Western Sogar
201"
0.8. Steel
521
Greyhound Corpn.
117
301
SAFE DEPOSIT BOXES
Hercules Powder Co,......
80
Vultee Aircraft
*
International Harvester
39
Walworth Co.
Int Nickel
...
231
Warner Bros. Pict.
21
Inter. Paper & Power
13-
Westinghouse Mec.
Total sales for the day:-74 contracts.
int; Tel. & Tel. ......
28*
Woodward Iron Cor.
264
Kennecott Copper
251
63-01
63-00
Lakey Foundry de Mac. 1. Libbey-Owens-Ford
231 Glass 38
Chase National Bank National City Bank
LONDON STOCK EXCHANGE
London, July 29.
BEUTER'S SERVICE)
Tlentain-Pukow ly. 5%
(Brit. Stpd. Supl. Loan) 8 The following quotations are the middle prices at the close of the Tientsin-Puków Rly. 5% market in London. All quotations Ger. Stpd. Supl, Loen) 8° are subject to confirmation and no Jap. 6% Ster. Loan, 1924. 27 responsibility is assumed for errors Ger, 1% Intl Loan, 1924 54
Chartered Bank HK. & Shal Bank (Ldn.
Reg. HE, & Shal Bank (Col.
Sept. 2$. Settlement
LONDON METALS
EXCHANGE
London, July 29 (Reuter).
Standard,
Tin. Price, £257-7/8.
Cash, Middle
Tin, Standard. 3 months. Middle Price, 267-1/8.
1930/40
DOW JONES AVERAGE
High Low Dow Jones Averages. 156.99 111.84 30 Industriale
35,90.22 15 20 Rails
26.38
22.21
July 30, 1940. July. 7, High Low Close
122.45 di 123.38 122.18 123.15 28.64 £8.34 - 28 68 22.43 22.20 22.37
Change
Authorized Capital
.70 up
Babcribed Capital.
-.20 up
Paid-up Capital ..
Reserve Fund and East,
.18 up
BANKERS:
88.09
66.07 45.59 11 Commodity Index
88.19 60.77 Business Done :—200,000 shares
.10 up
27.70 18 02 20 Utilities 37 12 83 06 40. Bonds
bid
11
This Bank is entirely owned by
TZON ORAGE NATIONAL BANK NEW YORK, with Banonecks of Orni U.S.$2,900,000,000,
D. M. BIGGAB,
Second Vice Pra
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office-15, Gracechurch Strast, London, EC3
Every description, of Banking sad Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Carrency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE LEPOSIT Boxes To LET.
KAN TONG PO,
Chief Manager.
High
New York Cotton. Oct.
Low
9.40 9.35
New York Rubber, Sept
19.70
751
811
601
New York Hides, Sept. NEW YORK COTTON Oct. (Now contract)... 939/39 December (.. >
8.83
3.56
19.51 19:49 19,51 74" 741 743
601..
011 8.75 88in 08 up
Prev. Today's
Close Close Change
9.36 9.39
.03. off .02 up
up up
Spot July
Close
Opening
. Closing
Change
9.36/36
...03 off
0.26/20
.03 of
Spot
9.16 N
March
}
9.03/03
9.11b/13a 8.99/99
1
.03 off
July
01 off
Aug.
May
++
{ }
8.88 N
.. 8.83b/848
8.83 N
.03. off
2
B.67/67
0.65/65
8.64/64
.03 .off
10.10 N
.03 off
12,200 bales..
22.25/25
January (...)
July. { } apot
Total "sales »Saturday:
NEW YORK RUBBER
July
September
December
January
March
May
9.35/35
9.23/23
9.23/23 9.13 9.02/02
10.160.
21.25/25
1.00 off
19.50b/60 18.75/75 unquoted 18:58/56
19.51/51 18.78/76 18.71m 18.556/57a .15 18.450
.10 up
.02 - up
13 up
up
19.49/40 18.65b/70a 18,60 N 18.40/40 18.35 N
Total sales:-1,120 tons.
CHICAGO WHEAT
Saturday's sales:-5,452,000 bushels.
601/602 002/603 614/614 574/573 571/574 ... 571/577
Market:Uncertain.
Silver Duty Rato
The Central Bank of China's rate on London at 10 a.m. today was 1/2-1/2d."
The Equalisation rate was 191 per cent.
11 up Calcutta Exchange
Calcutta, July 29 (Reuter). T.T. on Japan, 85.
SILVER MARKET
LONDON SILVER London. July 29 (Reuter). Silver:-Bears covered. Offerings
Market up small,
quiet. In the up afternoon, the market was quietly
steady.
Spot, 22-9/184,
Forward, 22-1/8d.
BOMBAY SILVER
Bombay, July 29 (Reuter).
Market Quiet but steady. Off-
Indian Mint Sliver
Eaton Mfg. Co.
Elec. Autolite :
Elec. Bond & Share
741/741
741/74
751/751 75/75
742/742 751/751
up Lep
September
December
I.
CHICAGO CORN
September
December
"WINNIPEG WHEAT
July
11a
October
13 a
December
7410
71ja 731/731 732a 74ja
unch.
NEW YORK HIDES
September
5.75/75
8.69/60
December
8.90/90
8.37/09
8.81n -9.00/02
.06. up
.10 up
take 50 bars.
New York Official
unquoted
NY-London Cross Rate 3.85
34-3/4 3.85-1/2
Ready.
Aug. 28 Settlement
Glidden Co.
Goodrich (B.F)
Vanadium
The Business of the above Bank is conducted by the HONGKONG 4. SHANGHAI BANKING COR- PORATION. Rules may be obtain ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
4:
V. M. GRAYBURN,"
Chief Manager. Hong Kong. 28th Feb., 1930.
18, PINE STRENT,
NEW YORK An American Bank offering com plete Foreign Banking Bervier "in the principal Markets of the
world.
23,000,000
21,800,000
£1,000,000
21,354,689
BANK OF EAST ASIA, LIMITED
*......2,983,261.50
ir
Authorised Capital......$10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided
Profits
Head Ofce:-HONG KONG No. 10 Des Voeux Road, Central. Board of Directors:
-812 SHOPBON CHOW, Chairman Li Koon Chan. Esq. Li Lan Sang, Eng. P. K. Kwok, Esq. Wong Chu Sony Baq. Wong Tan Tong, Esq. Kan Ying Po, ag, Chan Ching Shuk, Esq. Yang Ping Wah Esq KAN TONG PO, Esq.; Chief Manager LI THE FONG, Esq., Manager
Amoy Batarin
Bombay
Branches and Agencies:--
Koricon Penang
Manila
Saigon
Blogapore
Loudon Bagdom. Surabaya
Bwatow
also Tintin
cover
Chicatin Melbourne San Fran. Sydney
Nag
Haiphong
Baskow Honolulu
New York Beattie Parla
Lobe
Peiping
SOLTER Shanghai
in transmission.
67
£
68;
War Loan, 34%
(Red
after 1952) Qanton-Kloon Rty. 5% B Chinese 41% Gold Loan
991
Reg)
701
Chinese Eng & Mining
(bearer)
1898 (Brit. Issue)
30"
Chosen Corporation ......
16
4
Chinese 6% Gold Bonds.
Pekin Syndicate...
1925-47
35
S'hat Elec. Constr. Co. ... 15
Chin. 41% Anglo-French
S'hal Waterworks "A"
135
Loan, 1903
41
Orton Insurance
20
TO-
Chinese 5% Crisp Loan.
Gula Kalumpong Rubber 15
1912
13
B-A, Tob, (bearer)......
73/1
Chinese 5% Reorg Loan,
1013 (Ldn. Is)
Mercantile Bank
111
-18
Dunlop Rubber
27
Chinese 8% Ster. Noten.
Bristol Aeroplane
9
1925 (Vickers)
Emperial Chemical Ind. 25
Chin. Imperial Rly, 5%
Loan
United" Steel
17/3
40
Woolworths
54/3
Honan Rly, 5%
Hukuang Rly. 5%, 1811...
(LP. N/Y Issue)
12
Marsman. Investments. 8/11 Western Holdings Sub-Nigel
152/8.
Hukuang Rly. 5%. 1911.
(German Issue)
麗豐
Shell Trans, & Trad.
(bearer)
33/9
Lung Tsing & U. Fal
Rly. 5% 1913
B
Nat Defence Bonds, 3% 100 Londen-Midlands-Scot-
Shal-N'King Aly. 5%...
tish, 3%
123
Tientsin-Pukow Rly. 5%
(Brit. Stpd.). Tientsin-Pukow Rly. 5%
(German Stpd.)
Great Western Rali-
-Nat. Bank of India, 3%
30t
way, 3%%%
-28-
t-ex-dividena"
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 Roosevelt Terminal in the French Concession at Shanghai, where passengers. and cargo are landed.
For further particulars
please apply to....
The Bank of England and Midland
-Bank, Ltd, BRANCHES:
Koala Trengganu
Bangkok
Ipoh
Bombay
Jafon
Madra
Kasota
New York
Colombo
Kandy
Karachi
Rangoon
Kota Bharu
Shinghal
Kuala Lipia
Delbi Galin Hongkong
Howrah
Kuala Lumpur Singapore
HONG KONG BRANCH:
Every description of Banking and Kashang basinem transactat."
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
-BANK-OF-CHINA-
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA. AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00
....(BBANORIS ALL OVER CHIKA)
Owing to our numerous Branches in Chins and connections in the CUBRENT ACCOUNTS opted in Local OnePrincipal Commercial Centres of rancy and FIXED DEPOSITS modred in Loethe World, we are able to extend Carrenos BAELLING an tarms that may be to our Cliepte special facilities for Domestic and Foreign Banking and Exchange,
ascertained on a fention.
9. BENSON
What do
you want ?
If there is anything you want to buy or sell try a small Classified advertise- ment in the Hong- kong Daily Press,
$1.50 prepaid
JARDINE MATHESON&Co.,LTD. 25 words $1 TELEPHONE ZOZIL GENERAL MANAGERS
3 insertions.
Head
Office:-SHANGHAI
Hong Kong Branch:
4 QUEEN'S ROAD, C. South China, Offices:
CANTON KONGMOON. SWATOW'..... SHIUCHOW
TOISHAN
KINGOHOW
We also handle the issue of Bonda sad other Publis Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.