Adams Express
380
COMMODITY MARKET
REVIEW
Alleghany Steel Co.
On demand
32 3/4
On Japan:-
NEW YORK, August 3, 1940,
On demand
*96
On India
SINGAPORE RUBBER
Telegraphic Transfer.
and demand
}82 1/2
(FROM PAYNE & CO.)
Previous August 3
...Close Opening Closing Change
Buyers Buyers
Allis Chalmers
Aluminium Ltd. ..........
PAGE 10~HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS.
AUGUST 3, 1940
On London
Telegraphic
Transfer, 162 7/3
Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1,3 1/2
On Shanghai:--
On demand
On Singapore:—
PAYNE
& CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
AUGUST 4, 1940.
MONDAY, AUGUST 5, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.......
$50,000,000
INDIA, AUSTRALIA AND CHINÄ
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1883
Reserve Funds:
Paid-Up Capital Starling ..................... £8,500,000 Reserve Fund...... H.K. Currency Reserve $10,000,000 Reserve Liability of
Board of Directors:
....£3,000,000
£3,000,000
Reserve Liability of Pro-
Last Sele
STOCKS
prietors.......
Last Sale
Proprietors
$20,000,000
....£3,000,000
Aug. 3
Aug.
51"
Lockheed Aircraft
261
Head Office-HONG KONG
214
Loew's Inc.
251
331
Loft Incorperated
221
65*
Mack Truck Inc.
207*
E. V. Wilkinson, Esq.,
Amer. Can
951*
Martin Glen L
311
American Cyanamid B.
344
McKesson & Robbins, pf4.
22
Amer. & Forsign Power
11.
Montgomery Ward
411
Amer. Foreign $7 pt....
14'
M'tain City Copper Co.
21
'S POT
·*****,
8.8.8
On New York:---
OCT./DEC.
Bank Bills, on demand '99 5/8
JAN. MAR.
37-1/4 37-1/4 - .37-1/4 35-1/2 35-1/2 35-5/8 33-1/8 33-1/8 33-1/4.
unch.
Amer, Locomotive
134
National Aviation
10
J. K. Bousheld, Esq., A. H. Compton, Esq.,
-up 1/8
Amer. Metals Co.
15* +
Nat Dairy Products
13$
Hon. Mr. S. H. Dodwell,
up 1/8
Amer. Radiator
National Distillera
201*
G. Miskia, Esq.,
Credits, 50 days' sight 24
On Bataviä-
On Paris:
Bank Bills, on demand-1085 Credits 4 months' sight 1150
On demandam. 42 3/8
The market was quiet. LONDON RUBBER
Amer. Rolling Mill...
11
National Lead
"183*
E. 8. Morrison, Esq.,..
Previous close Today's close
Amer. Sting and Ring Co.
374*
T. E. Pearce, Esq.,
Nat, Fower & Light
SPOT
buyers 12-15/16
buyers
Change
Amer. Sugar Refining
131*
C. C. Roberts, Esq.,"
National Supply Corp.
6
Amer. Tel, & Tel.
Hon. Mr. A. L Shield,
1621
New York Central
121
Amer. Tobacco "B"
771
AUGUST
Niagara Hudson Power
47
SEPTEMBER
12-13/16 Market closed
On Saigon:-
Amer. Waterworks" Anaconda Copper
0
N...American Aviation
164
201
On demand
OA
OCT-DEC
North American Co....
Branches:
On Manila:-
JAN./MARCH
On demand
45 1/4
APRIL-JUNE
12-1/18 11-13/16
Atchison, T. & S. Fe. Aviation Corp.
151
Northern Pacifie
41
Owens-Tirols Glass Co.
Amoy
Baldwin Lecometive
151
Bangkok Kobe
Johore Rangoon.
On Bangkok:-
On demand ....
149.1/2
On Sterling Notes:-
Bank Buying Rate...1/5 Bar Sliver per of... 24 5/16
MARKET REPORT
FROM ROZA, BROS. Sliver prices, were unchanged yesterday, the quotations remain- ing at 22.5/16 for Ready and 22... 1/16 for Forward. Silver advices reported quiet market with American
a
small business done.
Silver was quoted at 34.3/4 for
Spot
The London/New
York LIOGS-
rate was quoted at 4021/2 New
NEW YORK COTTON: There was a small but consistent domes-" tic Trade demand. 'Spot' offerings were light and the basis was demand for actual high in the South. There was an improved hedging Moderate rains in the South-East are causing complaints of boil-weevu.
CHICAGO WHEAT: Business was comparatively light and prices were easily influenced by the action of the Com market.
NEW YORK STOCKS: Previous' close,' 126.37; Today's - close,
128.38; Change, on 01."
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton. Oct. 1. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept.
York/London was quoted at 388. New York Hides, Sept.
Pacific Gas & Mee
291*
Batavia
Baltimore & Ohio
31.
Saigon
Kowlroa San
Packard Motors
Bombay Kuala
Francisco.
Barber Asphalt Co..
101
Pan-American Airways
141*
Calcutta
Barnsdall Ol
81
Paramount Pictures
51
Caaton "London
Lumpur Shanghai
Bendix Aviation
30+
Pennsylvania RR.
101
Chefoo
Lyons
"
Bethlehem Steel
791
Philadelphia Read, Coal
Colombo
Bliss Co.
14.
Phillips Petroleum
331
Dairen
Boeing Airplane Co.
14
Pubite Service of N.J.
Foochow
"Muar
361.
Borg-Warner
134
Fullman Indogan.
Haiphong
19
Bankow
Briggs Mig.
181
Pure Oflen
7
Harbin
Budd Mfacturing Corp.
31
Radio Corpn. of Am.
5
Canadian Pacific R'way
3:
Reading Company,
Com
121
Case, FL
50*
Remington Arms Co., Inc.
41
Celanese
291
Republie Aviation Cörp.
High Low
9.41 9.39. 9.40
Prev. Today's
Close
Chesapeake & Ohio
38+
Republic Steel
171
Chrysler Corpå.
731
19.50
Close Change 9.41 .01 up closed 14
Revere Corp:
Columbia Gas & Elec.
5+
Reynold Tobac, "B"
341
Commercial Credit Co.
30
Safeway Stores
441
Com, & Southem (Ord.).
11
75+ 75 60?
75!
Là
751 I off
Schenley Distillers
10
Consolidated Edison
29
594
601
40
1 of
Sears Roebuck
76
Consolidated Of
81
Shell Union Oll
84
3.90 closed
1/2
MARKET
Dull.
STERLING
NEW YORK COTTON Oct. New contract)
Close
9.40/40
Opening 9.40/40
Closing Change 9.41/41
01 up
Continental Can Continental Oll Copperweld Steel
39)
Socony-Vaclinum Oll
181
Southern Paciic
81
18.
Southern Bly $5 pld.
181
Chairman. Hon. Mr. J. J Paterson,
Deputy Chairman.
Sir Vandeleur M. Grayburn,
Chief "Manager.
Singapore Sourabaya
Malacca Sungsi Manila
Patani Swatow (Johore) Tiantain Mukden
Tokyo
New York Tsingtao Peiping Yokohama Penang
Iloilo Ipoh
CURRENT ACCOUNTS opened in LOCAL CUBEENox and Fixed Deposits received for one year or shorter periods in Local and other Our rencies on terms which will be quoted on application."
ALSO up to date BATS DEPOSIT Boxes in various sizes To La Hong Kong, 28th February, 1940.
* HONGKONG SAVINGS
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2. Sub-Agencies In London: 117/19, Leadenhall Street, E.0.a. West End Branch: 14/16, Cockspur Street, S.WI Manchester Branch: 62, Mosley Street, Manchester,
AGENCIES AND BEANCHES:
EARRIN PENANG .TONG TINH TANGOON
ALOR UTAR AMRITSAR BANGKOK
BATAVIA BOMBAY
GALOUTTA
AGENCIES:
· MADRAS
CLITE STIERT KUALA " FAMLIN PLACE CANTON CAWNPORS CKBO COLOMBO DELHI HAIPHONG HAMBURG HANKOW
MANILA
NEW YORK
PRIPING
(Peking)
YOKOHAMA
FOREIGN EXCHAxon and General Banking Business transacted.
CURRENT Accours opened and FIXED DEPOSITS received for Que Year or shorter periods in Local or Other Currencies at raten «which will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London undertakes Executor and Trastes 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.
MEDAN
ILOILO İPOR
SAIGON
NUREKBAN
KARACHI KLANG
ДОБ
SHANGHAI
BINGAPORT
KITLAWAN
LUMPUR KUCHING
“BOUBANATA TAIPING
TIENTSIN
TONGEAN
(Bhuket)
TRINOTAÐ
December (
}
9.25/25
9.27/27
9.28/28
קט 03.
Gurtiss Wright (C)
7
Epicer Manufacturing Co.. 277
BANK
There were sellers at 1/231/32 August/November. buyers at 1/3 for Cash..
U.S. DOLLARS
A small business was reported at 23 for Cash. The market closed with sellers at 22.15/16 August September, buyers at 23.116 for Cash,
SHANGHAI DOLLARS " Quiet. The market closed with sellers at 391.1/4.
SHANGHAI MARKET Sterling sellers were reported at 8.13/16 for Bpot and U.8. Dollars
at 5.27/32 for Spot.
Shanghai Exchange
Shanghai, Aug. 4 (Reuter).
Official T.T. Rates ・・
January
January March
J
9.14 N
9.17a
9.17
.03 up
| Curtiss Wright, “A”
234
Standard Brands
to
T
}
}
8.03/03
9.07/07
9.08/09
.05 up
Deere & Co."
158*
Stand. Gas & Elec.
!』*
May
{
14
}
8:84/84
8.86b/883 8.87/87
.03 up
Distillers Corpn. Seagrams
16.
Standard Oll of California - 18)
July Spot
<
..... 8.64/64.
.10.18 N
8.65b/748. 8.89/69
10.16n
.05 up
Douglas Aircraft
Standard Ol of N.J.
33+
.02 off
Du Pont de Nemours
165
Stone & Webster
Total sales Friday: 18,500 bales.
Eagle Picher Lead
*8*
Studebaker Cóm
73
NEW YORK RUBBER
September December
Eaton Mfg. Co.
311
Swift International
18
Elec, Autolite ..
-343
Technicolor
91*
19.50/50
Elec. Bond & Share
54
Texas Corpn.
367
19.05. 05
Elec. Bond & Share $5 pr.
643
18.95 N
CLOSED
Texes Gulf Sulphur
327
Elec, Bond & Share $5 pf.
724
Timken-Axle
24
March
18:85 B
Elec. Power & Light $7 pf.
34
May
18.70 N
Trans-America Co.,
5
Fintkote
14
20th Cent, Fox
BI
CHICAGO WHEAT
Gen. 'American Trans.
'49
Union Bag & Paper Corp.
12
September
751/758
751/751
December
..2... 76/78+
752/751
751/751 754/751
cff
Gen. Electric
341
Union Carbide & Carbon
70
off.
Gen. Motors.
455
| Union" Pacific
.84*
Friday's sales:-10,935,000 bushels.
CHICAGO CORN
Gen. Railway Signal
113*
United Aircraft
371
Gen. Tire & Rubber
11
United Airlines Transp
187
September
December
602/60 067/567
801/601
80/601
#off
Glidden Co.
121*
United Corpn.
2.
561/581
56/581
1 off
Goodrich (B.F.)
.12
United Corpn. $3 cun pf.
354"
Friday's sales:-10,935,000 bush
WINNIPEG WHEAT »
Goodrich: $5 pt."......
51.
United Gas Corpo,
13*
Goodyear Tire & Co.
15
United Gas Improvement. 117
Great Northern Iron Ore -
141*
October
731a
#731A
Opening
December
7418
73ja 7418
unch.
US.. Industrual Alcohol.
18*
Great Northern Rly, pfd.
24
DE. Rubber
192
Interest Rates on Application.
Great Western Bugar.
*
Londoh.....
New York
Ispan
0/3-3/4
US. Rabber $8"pid.
83*
NEW YORK HIDES
Greyhound Corph.
11
U.B. Steel
531
SAFE. DEPOSIT BOXES
5-3/4"
24-1/4
September
3.90/90
CLOSED
Hercules Fowder Co,
801**
Vanadium
31
December
9.08/09
Paris
Hongkong
20-3/4N
New York Official
34-3/4
unquoted
International Harvester ... 401* Int Nickel ......
Vultee Aircraft
71*
23+
24-7/8
Walworth Co.
4
Яterfing
Sellers
Closing
יד
Spot Aug.
Spot
Aug.
" Opening
0/3-13/10 0/3-13/16 0/3-13/16 0/3-13/16 Sept....... 0/3-25/32 : 0/3-25/32 U.S., Dollars
$5-13/16 55-13/18 5-13/10 5-13/16 Sept.......
5-3/4 5-3/4 Market:-Inclined to be easy.
Calcutta Exchange ·
Calcutta, Aug. 3 (Reuter). T.T. on Japan, 85-1/4..
LONDON METALS
Tin,
EXCHANGE
Landon, Aug. 2) (Reuter),'
Standard, Cash, Middle
Price, 266-1/8.
Tin, Standard, 3 months, Middle Price, £265-3/8...
SILVER MARKET
BOMBAY SILVER
Bombay, Aug. 3 (Reuter). Market-Quiet. Offtake 25 bars.
Ready
Indian Mint Silver
62-08
Aug. 28 Settlement ...... 62-07 Sept. 25 Bettlement
NY-London Cross Rate 3.88-1/2
LONDON STOCK EXCHANGE
"(REUTER'S SERVICE)
London, Aug. 2. 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.s
Honan Rly 5% minor Hukding Rly 5%, 1911.
(LPN/Y Isus),
Hukuang Rly 5% 1917
¿German Lomie)."
Lung Teing & U. Bal
· FEDERAL RESERVE SYSTEM
NEW YORK, Aug. 1 (Reuter):
Bils Bought
US Securities, beldu Federal Reserve Refiniz
Federal Reserve Credit
Monetary Gold Stock V Industrial Advance.
July 27 (1039) July 25
1,000
1000's, amitted)
2,405,000 - 2,450,000**2,348,000
* 36:10%-89.20%
2,512,003 / 2,491,000 16,227,000 20,307,000.
12,578,000-9,103,000
Rly. 5% 1913 Shal-N'King Rly. 5% Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Tientsin-Pukow Rly 5%
(German atpd.) Tientsin-Pukow Fly, 5%
(Bxt. Stpd. Sup Loan) 8 Tientsin-Pukov Rly..5%
" (Ger, Sipu."Supt Loan) ~8 Jap. 4% Ster, Loan, 1924231 Ger. 7% Intl. Loan, 1924 5 Chartered Bank......
(bearer)......
Chosen Corporation
Great Western Ral
83.
9.88
Inter. Paper & Power ........... 142
Warner Bros. Pick-
21*
Int, Tel, & TEL ...................... Kennecott Copper
21.
Westinghouse Elec.
.101
201
Woodward Iron Cor.
26
Lakey Foundry & Mac...... Libbey-Owens-Ford Glass
3*
40
Chase National Bank ... National City Bank. ..............
8
12
t-ex, dir.
&
DOW JONES AVERAGE:
-1939/40
8
High Low Dow Jones Averages 156.99 111.84-30 Industrials
35.90 23.16 .20 Raila
87,70 -18.03.20 Utilition
93.32 | 83 06:40 : Bonds
85.87 45.59.11 Commodity. Index 50.74
£
War Loan, 31%
after.1952)
093 Canton-Kloon Rly. 5% 6 Chinase 41% Gold Loan
169 (Brit. Issue) - Chintte 6% Gold Bondà,”
1925-47
[Red.
HK. & S'hal Bank (Ldn.
Reg.j
35
HLK. & Shal Bañr (Col.
Chin, 41% Anglo-French"
Loan, 1908.
Reg)
Chinese Eng. & Mining
Chinese 6% Orian Loan
1913
13
Chinese 5% Reorg Loan.
1913 (Ldn. 18.)
Pekin Syndicate.....
18.
6'hal Elec. Consit Con
15
Chinese 8% Ater. Noten
TO
Bhai Waterworks...
131
1925 (Vickers) ************ Chin. Imperial R15, 5%
Loan
Union Insurance
20
6%
Gala Kalumpong Rubber 15
408-4. Tob. (bearer)
73/9.
Mercantile Bank
#111
Dunlop Rubber
28/6
Bristol Aeroplane
9/104
Imperial Chemical Ind. 24/7
United Steel
17/
All atera berth alongside
Woolworths
12"
53/6
Maraman Investments
8/1
Western Holdings
7/8
and cargo are
Iarded
Bub÷Nigel
155
Shell Transyde Trza, 3-777
bearer) risp 33/11
Aug. 4, 1940 High Low Close Change
· 195,68. 128.10 126.38 .01 of 17.00 28.96 20.90.01 up 22.85 $2.178 22.82. ,13 up
88.45 .03 aft
Bikiness Done -120,000 shares
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Bervices for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEIOQ
and TIENTSIN
KOBE and OSAKA: Wer
SINGAPORE PENANG and CALCUTTA
SANDATANG ath
HAIPHONG
theBoosevelt Termini
the French Concession t
Shanghai, where, passengers
MA: BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS AN JARI INTERNATIONAL EXCHANGE
PAILUP CAPITAL 240,001,000.00 (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 to our Clients special facilities for Domestic and Foreign Banking End Exchange
Head Office: SHANGHAI
Hong Kong Branch
QUEEN'S BOAD
vity South China Ofoes:
CANTON
SWATOW SHIUCHOW
KONGMOON TOHAND KINGCHOW
We also handle, the issue of Bonds and other Publig. Hands of the Chinese Covernment both at Home Find Abroad:795
Nat Defence Bonds, 8% 100
London Midlands-Scot
tish 3%
12
·80,20%
PJARDINE M
2,484,000
Nat. Bank of India. 3%
27
20.402,000 8,884,000
way, 3%
274
TELEPHONE ZOSIL
GENERAL MANAGERS
P
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 STBIET,
NEW YORK American Bank offering com plete Foreign Banking Servier in the principal Markets of the world.
This Bank is entirely owned by
TH СНАЯВ NATIONAL BANK New York, with Rasonrom of OTH|| 1.8.$2,900,000,000,
D. M. BIGGAR,
Second Vice Prut
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided
Profils.co
,2,983,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central...
Roard of Directors:
Sia Sacson Caow, Chairman
Li Boon Chan, Esq. Li Lab Bang, Esq. F. K. Kwok, Esq. Wong Chu Son, Daq Wong In Tong, Eag. Han Ying Po, g Chan Ching Shot, Baq, Fung Ping Wah Baq KAN TONG PO, Esq., Chief Manager Li Tan Foxo, Esq., Manager
Branches and Agencies:
Korvoo Proudon
Kinila Melbourn Karanka
Penang
Blagapers
Bastrabeya
Saigon Bwałow San Frans, Bydney
aloo Zenta
New York Battis Parle
Berung Sheogal
GERPRE
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter periods, in Local and Foreign Our rencies on terms which will be quoted on application.
SA
CEPOSIT Boxes To L'....
KAN TONG PO,
Chief Manager.
Ame
Bateria Bombay
alentin Haiphong
Hankaw
Hondain Kobe
Rangdon
Aug. 2
126.37
26.95
22.82
88.48