PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
AUGUST 6, 1940.
On London Julia,
Telegraphic Transfer. 1/7/ Bank Bills, on demand 1/2 70M Credits 4 months' sight 1/3 1/2
On Shanghal:-
On demand
On Singapore:----
On Japan:-
On India:-
380
Telegraphic Transfer. and demand 8 1/2
Ori New York:—
Bank Bills, on demand 99 3/8 Credits, 60 days' light 23 3/4
On Batavia:--
On demand......... 41 7/8
On Paris:
Bank Bills, on demand 1085 Credits 4 months' sight 1:160
On Saigon:-
On demand..... 97. 1/4
On Mania:-
On demand.............. £'l 3/4
On Bangkok:-
On demand
On Sterling Note:-
140 1/2
Bank Baying Rate
1/5
Bar Silver per oz.
*2 1/2
PAYNE & & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
SPOT OCT./DEC. JAN./MAR.
SEPTEMBER
OCT:-DEC.
JAN./MARCH
APRIL-JUNE
The market was quiet but steady.
NEW YORK COTTON: Scattered Scuthern selling and realizing was absorbed by Domestic Trade demand. The tone is steady any setback.
NEW YORK RUBBER: The market is reflecting reports of fur- ther political complications in the Far East.
CHICAGO WHEAT: The market met with fair support on dips.
MARKET REPORT The lack of buying interest rather than selling pressure gave the
FROM ROZA, BROS. Silver prices rose-3/16 over the the holidays for both deliveries, quotations being 22.1/3 for Ready and 22.1/4 for Forward. Silver ad- vices reported some bear covering. The market was steady with small business
American
done.
market an irregular appearance.
NEW
YORK STOCKS: Previous close, 126.36: Today's close, 15.44; Change up .08.
NEW YORK COMMODITY MARKET· ·
(REUTER'S SERVICE)
Bulver was quoted at 343/4 for New York Catton. Oct. Spot.
New York Rubber, Sept. Chicago Wheat, Sept.
The London/New York стова
rate was quoted at 4031/2-New Chicago Corn, Sept. York/London was quoted at 389. New York Hides. Sept. 1/4.
8.91 8.81 8.90 3.91b 01 up
Opening Closing
NEW YORK STOCK EXCHANGE
STOCKS
Bendix Aviation
Canadian Pacific R'way
Case, II ...... Celanese
Chesapeake & Ohio Chrysler Corpn.
QUOTATION
(REUTER'S SERVICE)
221
WEDNESDAY, AUGUST 7, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
* INDIA, AUSTRALIA
AND CHINA
Authorised Capital $50,000,000
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1859)
Reserve Funds:
Faid-Up Capital ................£3,000,000 Sterling.
£6,500,000 Reserve Fund
£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
prietors....... ......£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate E.C Sub-Agencies In. London:, 117/122, Leadenhall Street, E.C.3 -West-End Branch; 14/16, Cockspur Street, S.WL * Manchester Branch:
Chairman.
Hon. Mr. S. H. Dodwell,
0.0. Roberts, Esq-r
A, Mosley Street, Manchester, "
AGENCIES AND BRANCHES:
HAERIN
PENAN⭑
HONG KONG 1000.
ILOILO
ALOE STAR AMRITSAR
RANGKOT
BATATLA BOMBAY N CALOUTTA
iPOR
Niagara Hudson Power :ZA4} »
N. American Aviation S16E North American Co. ....
Bir Vaadeleur M. Grayburn,
KABACHI ILANG AGENCIES: KOAK OLNE STREET KUALA
Chief Manager. FATALIN PLACK
CANTON DAWNPORN
Calcutta Lumpur Shanghai
Mukden Tokyo
Penang
Tsingtao Yoknbama
HAIPHONG
SAIGON
BUZEKBAR
SHANGHAI SINGAPOR
SITIAWAN
LUMPUR
SOURASATA TAIPING
KUCHING
MADRAS
MANILA
KEDAN
NEW YORK PRIPING
HANKOW (Peking)
་་
TIESTSIN TONGKAR
(Bhuket)
TRINITAR YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURIANT ACCOUT opened and FIXED DEPOSITS received for One Year or shorter periods in Logal 'or Other Currencies at rata which. will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with... interest allowed at rates obtainable on application.
CUBRENT - ACCOUNTS opened in LOCAL CUBRENOY and FIXED DEPOSIT
The Bank's Head Office in London. received for one year or shorter periods in Local and other Cur-undertakes Executor and Trustee terms which will be business, and claimia recovery of rencies on
British Income Tax overpaid, on quoted on application.
Also up to date SAFE Dezov17 terms which may be ascertained at Boxes in various sizes To LET.
any of the Agencies and Branches. Hong Kong: 28th February, 1940.
R. A. CAMIDGE,
Manager.
AUGUST 6, 1940.
Last Sale
STOCKS
Last Sale
Reserve Liability of
Aug. 5
Aug. 5
Proprietors
......$90,000,000 |
Adams Express
51
Lockheed Aircraft ..............................
26
Head Ofce:-HONG KONG
Alleghany Steel Co.
211
Loew's Inc. .......
251
Allis Chalmers......
331
་
Loft Incorperated
On demand
68 3/4
Ziuminium Ltd"
65
Mack Truck Inc.
21+
Board of Directors: H. V. Wilkinson, Esq.,
NEW YORK, August, 5, 1940,
Amer. Can
96
Martin, Glen L
.313
On demand
95
1
Previous
Close Opening Closing Change Buyers Buyers
August 5
American Cyanauid B. ...
337
McKesson & Robbins, píd.
Amer. & Foreign Power ...
11
Montgomery Ward
411
Hon. Mr. J. J. Paterson,
Deputy Chairman.
Amer. & Foreign $7 pf,
141*
M'tain City Copper Co.
37-1/4
Amer. Locomotive
134
National Aviation
10"
· J. K. Bousfield, Esq., A. H. Compton, Esq.,
35-5/8
Market closed
Amer. Metals Co.
14
Nat, Dairy Products
132
33-1/4
Amer, Radiator .....
National Distillers
201
G. Miskin, Esq.,
LONDON. BUBBER
Previous close Today's close
Amer. Rolling Mill
11
National Lead
163*
K. 8. Morrison, Esq.,
buyers
SPOT
12-15/16
buyers 13..
Change
Amer. 8'ting and Ring Co.
381
Nat, Pover de Light
T. E. Pearce, Esq.,
up 1/18
Amer, Sugar Redning
-13-
National Supply Corp.:
52
Amer. Tel. & Tel
182
AUGUST
New York Cential
Hon. Mr. A. L. Shield»,
mile 11*
12-13/16
12-1/2
12-1/16
11-13/16
12-13/16 12-9/16 12-1/8 11-7/8
unch.
Amer. Tobacco "B"
761*
up 1/18
Amer. Waterworks
9
up 1/16
Anaconda Copper
201
191
up 1/18
Atchison, T. & S, Fe
Branches:
151
Northern Partic
B
Aviation Corp......
41
Owens-Illinois Glass Co..
551
Amoy
Johore
Baldwin Lecometive
Pacific Gas & Elec
294
Bangkok
Kobe
Baltimore & Ohio
3+
Packard Motors
33"
Batavia
Kowloon
Rangoon Saigon Son
CONT COLOURÓ DELKI
on
Barber Asphalt Co.
101
| Pan-American Airways
142
Bombay
Kuala
Francisco HAMBURG
Barnsdall Ol
B2
Paramount Pictures .................
52
Canton w
London
-301.
Singapore
Pennsylvania RR
191
Chefoo
Lyons
Sourabaya
Bethleem Steel Bliss Co.
721
Philadelphia Read, Coal
+
Colombo
Malacca
14*
Phillips Petroleum
341
Daired
Manila
Boeing Airplane Co.
141"
Public Service of NJ.
361"
Foochaw
Moor
Sungei
Patani Swatow
Borg-Warner..
17
Pullman Inc...
· 194"
Haiphong (Johore) Tientais
Briggs Mig. ........
*187
Pure Ol,
71
Bankow
Budd M'facturing Corp.
33
Radio (orpa, of Am,"
41
Reading Company, Com
121
Harbin Baila Ipob
New York
Friping
50*
Remington Arms Co., Inc.
4*
29}
Republie Aviation Corp....
33!
Republic Steel
171
731
Revere Corp.
01
Prev. Today's High Low Close Close. Change
9.42. 9.38
9.41 9.39 02 off 19.70 19.60 19.50 19,68
18 up 75+ 743 751 741 601 591 60 50%
Columbia Gas & Elec.
5)
Reynold Tobac. "B"
35
Commercial Credit Co."...
.30
Baleway Stores
344
Com, & Southern (Ord.)
Schenley. Distillers
101
Consolidated Edison .....
20+
Bears Roebuck
781
of
Consolidated Of
B+
Shell Unfari Of
81
off
Continental Can
301
Socony-Vacunum of
B+
Continental Oil
172
Southern Pacifc
8+
NEW YORK COTTON Oct. (New contract) December
Close
Change
Copperweld Steel
18
P
Southern Rly $5 píà,
182
941/41
9.38/39
{
9. 9.28/28
9.25/25
January
).... 9.17 N
9.13b/15a
9.39/39 9.28/28 9.170
.02 of
Qarting Wright (C.)
61
Spicer Manufacturing Co. 263"
Curtis Wright "A"
231
unch.c
Standard Brands
Aj "
Deere & Co.
151
Stand Gas & Elec.
18
{
9.08/09
887/87
869/69
9.056/00a 8.87/87 8.66/66
9.08/08
Distillers Corpn. Seagrams
164*
Standard Oll of California
18i
8.88/88
01 up
Douglas Aircraft
701
Standard Oil of NJ.
33+
8.67/67
.02 off
Du Pont de Nemours
165
Stone & Webster
71
10,10 N
10.110
.05
of
Eagle Picher Lead
В
Studebaker Com
77
Eaton Mfg. Co.......
31
Swift International
181
Elec... Autolite........
35
Technicalor
92
Eėc. Bond & Share
5
Texas Corpn.
361
19.50/50
August
22.7/8 22.
December January March Mity
10.05/05
18.95 N.. 19.85 18.30 N
19.50b/59a 19.00b/12a unquoted 18.87b/95a
19.88/88 .18 up 19.25/28 ,20 19.15n
.20. up 18.98b/19.00a 13 up 18.33/83
Elec, Bond & Share $5 pf.
83
Texes Gulf Sulphur
33
Elec Bond & Share $6 pr.
721
up
Timken-Axle
241
Elec, Power & Light $7 pf.
34
Trans-America Co.
41
Flintkote
14.
20th Cent. Fox.
Gi
.13 up
Gen. American Trans.
49*
Union Bag & Paper Corp.
123
Gen. Electric
34
Total sales:-960 tons. CHICAGO WHEAT
Union Carbide & Carbon
70
Gen. Motors
451
Union Pacific
841
Gen. Railway Signal
11
15, QUEEN'S EOAD, CENTRAL-
United Aircraft
374
at
400. Subsequently December
751/751 753/75% 758/751
741/75
747/75
off
Gen. Tire & Rubber
11
United Airlines Trans
160
751/75)
off
Glidden Co.
122
United Corpa,
2
Goodrich (B.F)
12"
United Corpn. $3 cum pf.
35
Goodrich $5 p1.
513
CHICAGO CORN
United Gas Corpn...
14*
Goodyear Tire & Co.
15
United Gas Improvement
112
September
60/601
December
\31/56
591/591 '551/551
592/591 555/551
off
Great Northern Iron Ore ..
141*
U.S.. Industrual Alcohol...
18
off
Great Northern Rly, pfd.
237.
Friday's sales-10,935,000 bush
Great Western Sugar
201
U.B. Rebber
201
US. Rubber $8 pfd.
82+
Interest Rates on Application.
Greyhound Corpn....
117
US. Steel
531
SAFE DEPOSIT BOXES
Hercules Powder, Co.
797
Vanadium
301
734a 7|a
International Harvester
404
Vultee Aircraft
63"
Int Nickel
237
Walworth Cou
4
NEW YORK AIDES
September
Inter. Paper & Power .....、
15.
Warner Bros. Pict.
21
Int. Tel & Tel....
2
December
1.90/90 9.08/09
8.91b 8.90b/9.053 · 9.10.10 Total sales for the day-55 contracts. New York Official unquoted
34-3/4
8.76b/90a
.01 -up
Kennecott Copper
262
Westinghouse Elec.
1011
.02 up
Woodward Iron Cor.
254
Lakey Foundry & Mac.
3"
Libbey-Owens-Ford Glass 383
Chase National Bank National City Bank
30
24}
3.29-3/4
bid.
t-ex dir.
DOW JONES AVERAGE
1039/40
Aug. 6, 1840
166.92 111.54 30 Industrials"
120.30
Middle
35.90 22.15 90 Rails
$8.96
$7.70 18.03 20 Utilities
12.83
88.45
€5.67 45.59 11 Commodity Index
10 off .14 off
Business Dona:—280,000 shares
Quiet.
MARKET
STERLING
No business was reported. There March were sellers a 1/2.31/32 August/May October, buyers at 1/3 for Bash. July
US. DOLLARS
Społ
י
Opened with sellers at 22.3/4 Total Sales Saturday:-12,400 bales. but later business was done. at
NEW YORK RUBBER 22.15/16 for second half of Sep- tember followed by transactions September
at 22.7/8 for the end of
and Cash, The market closed at 1 p.m.
sellers at with August/September, buyers. at
15/16 for Cash.
SHANGHAI DOLLARS
1
Business was done early in the September
morning
business was done at 399, 398.1/2 Saturday's sales:-8,124,000 bushels. and 398.3/4 The market closed
at 1 pm with sellers at 388.1/2. buyers at 399.
ין
SHANGHAI MARKET
Sterling opened with sellers at!
3.21/32 and closed with sellers at WINNIPEG WHEAT
3.47/64 US. Dollars opened with October sellers at 521/32 and closed with December sellers at 5.11/16 for Epot,
AFTERNOON MARKET
Quiet for Sterling but easier
for US. Dollars.
STERLING
14
The market closed with sellers NY-London Cross Rate 188 at 1/2.31/32 August/October, buy-
ers at 1/3 for Cash.
U. 8. DOLLARS
Business was done at 22.7/8.
22.13/16, 223/4,
22.11/16
and
SILVER MARKET
LONDON SILVER
CLOSED
LONDON METALS
EXCHANGE
London Aug. 5 (Reuter).
London Aug. 5 (Reuter). 22.5/8 for near delivery. The mar-
Silver: Bears covered, Not must Tin, Standard, Cash, 22.1/2 ket "closed with, sellers at
Market Price, £266 August/September, buyers at 22. selling. Business small 6/8 for Cash.
SHANGHAI DOLLARS, Business was done this noon at 393.1/4 for near. with sellers at 396.1/2.
steady. In the afternoon, the Tin, Standard, 3 months, Middie market was steady, with small Price, £268-1/8 buyers at the rate but no offer-"
after ings. Closed
SHANGHAI MARKET The market closed with sellers
of Sterling at 3.3/4 for Spot and
U. 8. Dollars at 5.11/16 for Spot.
Shanghai Exchange
Shanghai, Aug. 8 (Reuter),'
Official T.T. Rajes
London
New York
Japan
Paris Hongkong
Sterling
Spot, 22-1/24.
Forward, 22-1/4d.
BOMBAY SILVER
די
High Low Dow Jones Averages Aug. 3, High Low Close
92.49 -83.06. 10 Bonds.
Change 129,73 125,57 128.44 1,08 up 28.94 28.86 26.88 09 off
·22.80 22.60 22.79
88.31 50.55
HONGKONG SAVINGS
BANK"
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COB- PORATION. Eules may be obtain ed on application.
For the HosoxONG & SHANGHAI Banking CorPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1930,
THE CHASE BANK
HEAD OFFICE:
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital 6,608,800.00 Reserve and Undivided
Prosta........
..2,983,981.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
· Board of Directors: "
וי
SIE SHOPSON CHоw, Chairman Li Koon Chan, Esq.
Li Lan Sang, Faq P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, 5kg. Han Ying Po, Rag.. Chan Ching Shok, E64, Fang Plig Wah Esq KAN TONG PO, Esq., Chief Manager"
TEE FONG, Esq., Manager
18, PINE STREIT;
NEW YORKLI
An American Bank offering-com- plete Foreign Banking Bervier in the principal Markets of the world.
This Bank is entirely owned b
Ton CHALLE NATIONAL BATT NEW YORK, with Besources of ovuli U.S.82,900,000,000.
D. M. BIGGAR,
Soond Vice Pre
THE MERCANTILE BANK OF INDIA, LIMITED
Head. Omco-15, Gracechurch Street, London, EC.3
Arthuriant Capital."
Bubscribed Capical
Paid-up Capital.
Rev. Fund And Best,*
BANKERS:
£3,000,000
21,500,000
£1,000,000
€1,254,639
The Bank of England and Midiand
Bank, Ltd. BRANCHES:
TrengganTI
INDO-CHINALLE
Barnbay, Aug. 5 (Reuter). STEAM NAVIGATION COMPANY LTD.
Market-Steady. Offtak: 25 bars.
Sept. 25 Bettlement
LONDON GOLD
London Aug. 5 (Reuter).
Bar Gold, Fine per oz, 163/-
▪་
Indian Mat Suver
P
Fready ....... Aug 28 Settlement
82-13
62-13
» Openlag
Q/3-5/8
5-1/2
23-3/8
201
24
Spot
Aug.
Sellers Opening Closing 0/3-23/32 0/3-3/4 0/3-23/32 0/3-3/4
Sept
U.S. Dollars
Epot
Aug.
Sept.
Market Quiet,
0/3-11/16.0/3-23/32
$8-21/32 $5-11/18 18-21/32 5-11/16
5-19/32 5-5/8
India Rupee Paper
Bombay, Aug. 5 (Reuter).. Govt. 34% Rupée, 90-02-0.
Calcutta Exchange
Calcutta, Aug: 5 (Reuter). T.T."on"Japan; `84-1/4.
Operating Services for Cargo and Passengers"
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOĆ
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG".
All ateamers berth alongside
the Roosevelt Terminal in the French Concession at Shanghai, where masengers. and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON CO. EN!
TELEPHONE ZOZIL GENERAL MANAGERS
Koala Lumpur · Bingapore HONG KONG BRANCH:
Brary description of Banking and Rrobage
| business tranqbated.
TRUSTEE AND EXECUTORSHIP
BUY UNDERTAKIN CURRENT ACCOUNTS opened in Local Ctr rendy and PIXED DEPOSITS zeonized in Li Carrenos STERLING on terms that may be ascertained on spy Xention,
D. BENSON..
What do
Kanager,
you want?
If there 18 anything you want to buy or -sell, try that Classified advertise- ment in the Bong kong Daily Press 25 words $1.50 prepaid
for 3 insertions.
Branches and Agencies:--
BASTIA
Bombay
Alphong
| Haskow
Honolulu Kobe
Roloca Fring Singapore Loudon jo Bangoon. Sonrabaya Manila
BALOW Melbourne San Fran. Sydney Dew York
Bext14+
Paris
Feiping
chod Tintin
Beng
Bringbal
-Jater
Every description of Banking and Exchange business transacted. Losas granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits, re- ceived for one year or shorter periods in Local and Foreign Cur- rencies on terma which will be quoted on application.
· SAFE Deposit BoxLa To Lær.
KAN TONG PO,
Chiej Manager.
BANK OF CHINA
Specially Chartered by" THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
HANKARA
PAID UP CAPITAL: $40,000,000.00. (BRANCHES ALL OVER ÜHINA) *** Owing to our numeron Branches in China and connections in the principal Commercial Centres ok the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office-SHANGHAI
Roi Keng Erach
4, QUEEN'S ROAD, Q.
South China Ofe
UANTON
SWATOW
KONGMOON TOISHAN SHIUCHOW KING HOW
We also handle the imue of Bonda and other Publio Funds of the Chinese Government both at Home: and Abroad.
SHOU J. CHEN,
Manaci