Adams Express
„Alleghany Steel Co.
Allis Chalmers
Aluminium Ltd.
Amer. Can
Previous July 31
Close Opening Closing Buyers Buyers
American Cyanamid B.
Change
Amer, & Foreign Power....
AmerForeign $7 pt.
37
37-1/4
38-7/8
Of 1/8
Amer. Locomotivę
35-3/8
35-1/2
35-3/8
unch
Amer, Metals.co.
32-3/4 33
32-7/8
Up 1/8
Amer. Radiator
Amer, Rolling Mill
Amer. Sting and Ring Co.
51
buyers
buyers
Change
Amer, Sugar Refining
12-5/8
12-7/8
Up. 1/4
Amer. Tel. & Tel.
12-578
12-7/8
Up 1/4
Amer. Tobacco "B"
12-1/2
12-3/4
Up 1/4
Amer. Waterworks
12-3/8
12-5/8
Up 1/4
Anaconda Copper ..
..... 12
12-1/8
Up 1/8
Atchison, T. & 8. Fe.
11-3/4
11-7/8
Up 1/8
Aviation Corp. ....
New York Cotton. Oct.
at
(0)
Close Oct. (Now contract)... 9.40/41 9.28/28 December .......... January
9.17 N
March
9.00 N May.
>8.87 N
}
Spot
at NEW YORK RUBBER'
Septeraber
December
Bepternber
December
probably
Tuesday's sales:-15,272,000 bushels.
CHICAGO CORN
September
December
WINNIPEG WHEAT
711a
October
7312
7442
NEW YORK HIDES September December
NY/London Cross Rate, 3.82-1/2
Opening
0/3-3/4
5-3/4
24-1/4
20-3/4N
The following quotations are the middle prices at the close of the market in London. All quotations
24-7/8
Sellers
3
Bar Sliver per of
MARKET REPORT
.
FROM ROZA. BROS. Salver prices were unchanged yesterday. the quotations, remain- ing at 22.3/8 for Ready and 22.1/ 16 for Forward. Silver advices ze. having ported Speculators sold. A Small business was done. The market was quite. American Silver was quoted at 34.3/4: for Spot.
DS
The market was quiet but steady. NEW YORK COTTON; Interest is being centered on the pending The weather forecast Indicates fair conditions over crop reports. the cottor belt.
NEW YORK RUBBER: Freer Eastern offerings were steadily ab- sorbed by factory and commission houses demand. News from Akron was encouraging.
CHICAGO WHEAT: Weather conditions are still unfavourable, al- though the indications are for showers in the North-West. Millin- terests buying on reactions steadied prices at the decline..
NEW YORK STOCKS: Previcus close, 125.97; Today's close, 128.14; Change. Up 17.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
The London/New York cross- rate was quoted at 402.1/2 New York/London was quoted at 383: New York Rubber, Sept.
1/2
Quiet
MARKET
STERLING
No business was reported. There were sellers at. 1/2 31/32 August. probably September, buyers 1/3 for Cash.
U.S. DULLARS
Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides. Sept
NEW YORK COTTON
There were sellers at 23.3/16/July for Cash, buyers, at 23.1/4.
-SHANGĦAJ DOLLARS'
were sellers
Quiet, There 384.1/27
) ...... 8.60/69
10.20 N Total sales Tuesday:-29,100 bales...
SILANGHAI MARKET There were sellers of Sterling January
U.S. Dollars March for Spot at 3.7/3.
6 and May opened with sellers at closed at 5.31/32 for Spot.
AFTERNOON MARKET
Quite
STERLING
The market closed with sellers
1/2.31/32 August.
September, buyers at 1/3 for
at
Cash.
at
U. S. DOLLARS
Total sales:-3,360 tons. CHICAGO WHEAT
The market closed with sellers:
23.3/16 September, possibly July
Cash, buyers at 23.1/4 for Cash.
SHANGHAI DOLLARS Closed with sellers at 385.1/2. SHANGHAI MARKET Sterling closed with sellers at 3.55/64 and U.S. Dollars at 5.15/16.
Shanghai Exchange
Shanghai, Auz. 1 Reuter):
Official T.T. Rates
December
Total sales for the day:-119 contracts.
34-3/4 New York Ometal
Prev, Today's
Bendix Aviation
Baldwin Lecometive
Baltimore & Oblo ..
Barber Asphalt Co. Barnsdall Ol
Bethlehem Steel
PAGE 10--HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
AUG. 1. 1940
On London:-
-Telegraphic Transfer. 147/4 Bank Bills, on demand 1/2 7,8 Credits 4 months' sigbt i 3 1/2 On Shanghai :----
On demand
On Singapore:-
On demand
On Japan:-
8 8 5 3 8
On demand
On India:--
Telegraphic
Transfer
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
37%
02 3/4
37
NEW YORK, July 31, 1940.
SINGAPORE RUBBER
1/2"
B POT
7/
OCT./DEC.
Credits,"60 days' aight 21 14
JAN. MAP.
On Batavia:-
On demand
42 3/4
The market was easier. LONDON RUBBER
On Parts:-
and demand
On New York:-
Bank Bills, on demand 2
Bank Bills, on demand 1085 Credits 4 months' sight 1160
SPOT
AUGUST
On Saigon:
SEPTEMBER"
On demand
108
OCT.-DEC.
On Manila:
JAN./MARCH
On demand
-45 3/4
APRIL-JUNE,
On Bangkok:-
On demand
ris 12
On Sterling Notes:-..
Bank Buying Rate
1/5
22 3,8
Previcus close Today's close'
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE}'
AUG. 1, 1940.
STOCKS
51Lockheed Aircraft
"FRIDAY, AUGUST 2, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. $50,000,000
INDIA, AUSTRALIA AND.CHINA
Issued Fully Paid-Up 890,000,000 Incorporated by Nayal Charter, 1855 ·
Heserve Funds:
Paid-Up Capital Sterling
........... £ 6,000,000 Reserve Fund
.....£3,000,000
...£3,000,001 H.K. Currency Reserve $10,000,000 Reserva Liability of Pro- deserve Liability of
prietors
£3,000,000 Proprietor
HEAD OFFICE: LONDON:
畫
Chairman.
Hon. Mr. J. J. Paterson,
Sir Vandeleur M. Grayburn,
Chief Manager.
Johore Rangoon
36, Biebopagate E.C.2 Sub-Agencles In London: 117/129, Leadenhall Street, E.Ç.A. West End Branch: 14/16, Cockspur Street, 8.W.1. Manchester-Branch:
32, Mosley Street, Manchester, 8.
AGENCIES AND BRANCHES:
ALOA STAR AMRITSAR "BANGKOK
BATAVIA BOMBAY
CALOUTTA
HARBIN HONG KONG ILOIL
ІРОД XARACH1 KLANG
AGENCIES: KODE CLAVE STREET ratz PLACE
CANTON
KUALA
MADRAS MANILA
13
PENANG LUCO9h
BALGON
BERIMBAN SHANGHAI
SINGAPORL
SITIAWAN
BOURABITA
Last Sale July 31
Last Sale
$20,000,000
July 31
271
22
Loew's Inc. ....
26
324
Loft Incorperated
*248
65
Mack Truck Inc.
221
Head Once: HONG KONG
Board of Directors: H. V. Wilkinson, Esq.
951
Martin, Glen L
311
35
| McKesson & Robbins, pfd,
23
17:
Montgomery Ward J...
421
143
M'tain City Copper Co.
21
13
National Aviation
101
Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq
154
Nat. Dairy Products ·
Hon. Mr. 8. H. Dodwell,
14
G. Miskin, Esq.,
8
National Distillers,
201
K. S. Morrison, Esq.,
11
National Lead
17
T. E. Pearce, Esq.,
391
Nat, Fower & Light
72.
C. C. Roberta, Esq..
131"
National Supply Corp.
в
Hon. Mr. A. L. Shields,
183
Now York Gențiali
121
76
Niagara Hudson Power
41
81
N. American "Aviation
16
LUMPUR
TAIPING
JA
204
North American Co.
20
157
Northern Pacific
61
47"
Owens-linols Glass Co. ...
57
15)
Pacific Gas & Elec
30.
37
Packard Motors
31
101
Pan-American Airways
141
081
Paramount Pictures
51
291
Fennsylvania R.R.
201
79
Philadelphia Read, Coal
01*
Bliss & Co.
134
Phillips Petroleum
324
Boeing Airplane Co.
144
Public Service of N.J.
304
Borg-Warner
17
Pure Ol
71
Briggs Mfg.
137
Radio Corpn. of Am
47
Budd Mfacturing Corp.
3+
Reading Company,
Com
Canadian Pacifc R'way
31
Remington Armas Co., Inc.
"Orse, JI
471"
Republic Aviation Corp..
Celanese
30
Republic Steel
Chesapeake & Ohio
38
Reynold Tobac. "B"
35
Chrysler Corpa,
734
Safeway Stores
44
Columbla Gas & Mec. ****
57
Schenley Distillers
104
Commercial Credit Co.
30
Pullman Inc..
191
Com. & Southern (Ord.)
14
Revere Corp.
763 75
High Low Close Close Change 9.44 9.38 9.40 9.39 .01 off 19.58 19.37 19.51 19.37
761
Conselicated Edison
281
Sears Roebuck
78
Consolidated 011
· ទ
Shell Union Of
BA
.14 off
751
1off
62
81
.9.13 8.20
621 9:03
62
I off
Continental Can
Continental Off
Copperweld Steel
381
Socony-Vacunun Of
BL
181
Southern Pacific
BR
181
Southern Rly $5 ptd.
19
2.98b .05 off
'Curtiss Wright (C)
71
Spicer Manufacturing Co. 201
Opening
Closing
Change
Curtiss Wright "A"
25
Standard Branda i
9.44/44
9.39/39
.01 off
Distillers Corpn. Sengrams
162
Stand Cras & Blies.
1
9.31/31"
9.19b/21a 9.09/09 8.906/91a 8.71/71
9.27/27 9.161 9.05/05 8.8611 3.06/66 10.19
:01 off
Douglas Aircraft
724
Standard Oil of California
184.
:01 off
Du Pont de Nemours
1631
Standard Of of NJ.
337
.01 of
Eagle Pither Lead
77
Stone & Webster
8
.01 off
Eaton Mig. Co.
317
Studebaker, Com.
67
03 off
Deere & Co.
161
Swift Intemational
171.
.01 off
Elec, Autolite
34
Technicolor, Pan
10
Elec. Bond & Share
51
Texas Corpn.
391
Elec. Bond & Share $5 pt.
81.
Texes Gulf Sulphur
31.
Elec. Bond & Share $6 pf.
684
Timken-Axle
241
19.51/51 ..19.51b/700 19.37/38 18.97/97
14 of
Elec. Power & Light 37 p.
334
Trans-America Co...
5
18.95b/19.10a 18.00/90
.07 off
Pintrote
14j
20th Cent. Fox.
18.88 N
unquoted 18.81
.07 oft
Gen American Trans.
47
18.73 N 13,58 N
18.79b
18.690 18.46
04 off
Union Bar & Paper Corp.
117
Gen. Mectric
33)
Union Carbide & Carbon
714
:13 off
Gen. Motors
451
Union Pacific
831
"
Gen. Railway Signal
11
United Aircraft
37
Gen. Tire & Rubber
111
United Airlines Trans
178
761/761 761/77
76/76 762/763
757/76 701/781
0-1/4 off
'Glidden Co.
124*
United Corpn.
2
0-3/8 off
Goodrich (B.F.)
121
United Copn $3 cum pt.
334.
Goodrich $5 pt.
511
Valted Ga Corpn.....
14
Goodyear Tire & Co.
15
United Gas Improvement
12
Great Northern Iron Ore .
141
821/621
62/811
591/591
581/581
62/821 581/584
US. Industrual Alcohol.
187
0-1/2 off
Great Northern Riy; pfd." -
24
UH. Rubber
201
0-1/2 off
Great Western Sugar
201
US. Rubber $8 pfd.
30
Greyhound Corpn.
12
U.S. Steel
537
#lja
ünch.
Hercules Powder Co.
82
Vanadium
311
7340
731a
International Harvester ...
401
Vultee Aircraft
71"
741a
Int Nickel
23
Walworth Co.
31
Inter. Paper & Power
141
Warner Bros. Pict
2+
9.03/03 9.20/20"
9:13/13
8.98b/9,02a .05 off
Int. Tel & Tel
24
Westinghouse Elec,
981
9.28724
9.18b/20a... .02 off
Kennecatt Copper
30"
Woodward Iron Cor.
263
1J
Lakey Foundry & Mac.....
21
"
Chase National Bank
.
34-3/4
Libbey-Owens-Ford
Glass
40
National City Bank
3.83-1/2
• bid
£
$5-31/32
5-15/10
Spot $5-31/32
Aug.......
5-15/18 Market: Quiet.
Calcutta Exchange
Calcutta, July 31 (Reuter). T.T. on Japan, 85-1/4.
India Rupee Paper
Bombay, July 31 (Reuter). Govt. 31% Rupee, 80-02-0. LONDON METALS
EXCHANGE
London, July 31 (Reuter).. Tin, Standard. Cash, Middle Price, £289-1/8
Tin, Standard, 3 months, Middle Price, 2268-5/8.
LONDON GOLD.
London, July 31 (Reuter). Bar Gold. Fine per oz. 108/-
Chin. Imperial Rly, 5%
War Loan, 31% (Red
after 1952)
99-5/8 Canton-Kloon Rly. 5% 6 Chinese 41% Gold Loan
1898 (Brit. Issue)...... .30 Chinese 5% Gold Bonds,
1925-47...s
Chartered Bank IX. & Shai'Bank (Edn.
Reg.) H.K. & S'hal Bank (Col.
'Rex) Chinese Eng, Mining
(bearer)
85
16
Chosen Corporation
4
35
Pekin Syndicate......
2
Chin. 44% 'Anglo-French,
Loan, 1908.
| 8'hal Elec. Constr. Co.
IB
44
Bhai Waterworks “A”
137
TO
Chinese 5% Crisp Loan.
Union Insurance
20
1912. Chinese 5% Rearg, Loan,
1913 (Ldn. fa) Chinese 8% Bter. Notes.
1925 (VickerB)
13
Gula Kalumpong Rubber · 16
B-A. Tob. (bearer)... 73/14 Mercantile Bank
111
Dunlop Rubber
Bristol. Aeroplane
26/9 g
Imperial Chemical. Ind. 24/71"
Lean in Honan Rly, 5% Hukuang Rly. 5%, 191..
(LP, NY Issue) Hukuang Rly. 5%. 1911
United Steel
Woolworths.
Marsman Investmenta
16/101
8/14
53/11.
12.
Western Holdings. Sub-Nigel
77/9)
152/6
German Issue)
11
Shell Trans, &z Trad.
Lung Tsing & U. Hol
(bearer)
33/11
Rly. 5% 1913
Nat Defence Bonds, 3%
100-3/8
S'hal-N'King Hl7: 5%...
12
Tientsin-Pukow Riy. 5%.
(Brit. Stoda
London-Midlands-Scot-
tish, 3%
12-1/4
Great Western Rail-
Tientalh-Pukow Rly. 5%
(German Stpd.)
Nat. Bank of India, ́8%.
way, 3%
26-1/2
27
Landor
New York
Japan
Paris"
Hongkong
Sterling
Opening. Closing
0/3-55/64 Spot...... 0/3-7/8 Aug. 0/3-55/64 0/3-55/64 U.8. Dollars
LONDON STOCK EXCHANGE
(REUTER'S SERVICE) London, July 31. Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan) 8 Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl. Loan) 8
are subject to confirmation and no Jap. 8% Ster, Loan, 1924, 25 responsibilty is assumed for errors Ger. 7% Inti. Loan, 1924 5 in' transmission.
1930/40
DOW JONES AVERAGE
High Low Dow Jones Averages July, 30, High Low Close Chunge
155.92 111 84 30 Industrials
26.90 33.15 20 Rails
32 32 8306 40 Bonds.
- div...
4.
Ang. 1, 1940,
27.70 18 03 20 Dtition
***125.97 27.02 22.70
88.41
65 674509 11 Commodity Index 1.25
137.18. 126.47 120.74 .17
17.31 28.88 26.91
.17 off 12.6 22.63 22.70 .05 off 88.38 .03 off 51.07 .18 off Business Done :-50,000 shares
New York Tsingtao Peiping Tokobama.
Penang
HAMBURO BANKOW
NEW YORK PRIPING
(Pekingl
TIENTRIN
TONGKAR
(Bhuket)
· TSINGTAO YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Que Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CEBRINOY and Fix Droars on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Car undertakes Executor and Trustse rencies on terms which will be business, and claims recovery of quoted on application.
Also up to date Sire Darosir BOXES in various sizes To Lar 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 CORPOLATION.
V. M. GRAYBURN,.
Chief Manager. Hong Kong, 95th Feb. 1939.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAI HEAD OFFICE:
18," PINE STREIT,
NEW YORK An American Bank offering com plete Foreign Basting Servic in the principal Markets of the world.
This Bank is entirely owned b THE CRASE NATIONAL BANI NEW YORK, with Resources of ovis) 1.5.$2,000,000,000.
D. M. BIGGAR,
Second Fine Pra
A Job
Ak
WANG ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Borrices for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEIOO
and TIENTSIN
KOBE and OBAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongade the Roosevelt Terminal in the French Concessión at Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co., LTD. TELEPHONE ZOZIL - GENERAL MANAGERS -
4!
British Income Tax overpaid, on terms which may be ascertained at any of the Agencier and Branches.
R. A. CAMIDGE,
Manager.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000,00 Faid-Up Capital.........
Reserve and Undivided
Profits
5,588,600.00
..2,983,281.50
Bend Office:--HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
318 SHOPSON CHow, Chairman Li Koon Chun, Esq. Li Lea Sang, Esq. P. K. Kwok, Esq. Wong Cha Son, Esq. Wong Tan Tong, Esq. Kaa Ying Po, ag Chas Ching Shok, Esq. Fung Ping Wah Baq. KAN TONG PO, Esq., Chief Manager Li Tas Foko, Esq., Manager
Branches and Agencies:
Karlos Renang
London
Balgon
Angapore
Bourwowy
Kelbourne Ban Fran- Bydney Naczanka How York Seattle
Palping
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Looml Carrency and Fixed Deposita re- ceived for one year or shortër | periods in Local and Foreign Cur
rencies оп terms which will be quoted on application.
SAFE EXPOSIT Boxzs To Ler.
KAN TONG PO,
· Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (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 |so our Clients special facilities for Domestic and. Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch:
'À QUEEN'S ROAD, C. South China Offices:
CANTON
SWATOW
SHIUCHOW
**KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chines Government both at Homs and 'Abroad.A, 2748 AN
SHOU; J. CHEN,
Alanuger
Branches:
Amoy
Bangkok
Kobe
Saigon
Batavia
Kowloon San
"
CAWNPORN.. CESU COLOMÃO DILAI
KUCHING
MEDAN
HAIPHONG
Bombay
Kuala
Francisco
Calcutta Lumpur Shanghai
Canton
London
Chefoo
Lyons
Colombo
Malacca
Dairen
Manila
Foochow
Muar
Haiphong
Bankow
Singapore Sourabaya Suogel
Patani Swataw (Johore) Tientsin Mukden Tokyo
Harbin
Iloilo
Ipoh
Interest Rates on Application.
SAFE DEPOSIT BOXES
Amay
Datarik Bombay Celestia
Maglia
Haiphong Hankow
Ronalula
Kabe
• Banga
Swatow
elnen Bentuks
cetver
Paris
Brzscang Shangha
π|