.395
On demand
08 3/4
On Japan:
NEW YORK, August 7, 1940,
On demand
94
August 7
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 8, 1948,
On London
Telegraphic
Transfer.17/4
Bank Bills, on demand 1/2 78 Credits 4 months' sight 1 3 1/2
On Shanghai:-
On demand
On Singapore:
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.).
Previous
NEW YORK STOCK
EXCHANGE
QUOTATION
(REUTER'S SERVICE)
AUGUST 8, 1940...
BANKING CORPORATION
Authorised Capital....... 850,000,000
Reserve Funds:
Sterling
STOCKS
Last Sale
STOCKS
Last Balt
eserve Liability of Proprietor...
Avg. T
AUR. 7
Adams Express
51
Alleghany Steel Co.
21
Lockheed Alferaft Loew's Inc.
232
243
Allis Chalmera"...
32
Loft Incorperated
211
Alumninjura Ltd. ......
661
Mack Truck Inc.
213
Board of Directors: H. V. Wilkinson, Esq,
Amer, Can
94
| Martin, Glen L
American Cyansmid B.
32
McKesson & Robbins,"pfd.
On India:-
SINGAPORE HUBBER »
Close Opening Closing Change
Amer, & Foreign Power
1*
Montgomery Ward
404
On New York:-
On Manila:~
Telegraphic Transfer.
and demand
Bank Bills, on demand 22 1/8 Credits, 60 days' sight 23 1/2
-On Batavia:-
On demand........... 41 1/2"
On Paris:-
Bank Bills, on demand 1085 Credits 4 months' sight 1160
On Saigon:-·
On demand
On demand.
On Bangkok:-
On demand
Buyers
Buyers
Amer & Foreign 57 pf.
14*
M'tsin City Copper Co.
21
82 1/2
SPOT
37-1/4
37-1/4
·37.cts. off 1/4
Amer. Locomotive
13)
Natiomi Aviation.
OCT./DEC.
35-5/8
JAN./MAR.
33-1/4
35-5/8 -33-1/4
35-1/2
of 1/8
Amer. Metals Co......
143
Nat, Dalry Products
131
Hon. Mr. 8. H. Dodwell,
33-1/5
unch."
Amer. Radiator
δι
National Distillers
204
4. Miskiu, Esq..
.
Amer. Rolling Mill....
108.
National Lead
154
K. S. Marrison, Esq.,
FRIDAY, AUGUST -9,-1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 80,000,000 Incorporated by Royal Charter, 1853
Paid-Up Capital ........ £8,500,000 Reserve Fund
....£3,000,000
£3,000,000
1;£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors.
..$20,000,000
Head Offer:--HONG KONG
Chairman. Hou, Mr. J. J. Paterson,
Deputy Chairman. J. E. Bousfield, Esq., A. E. Compton, Esq.,
HEAD OFFICE; LONDON:
38, Bishopsgate E.0.3. Sub-Arenales In London:
117/199, ` Leadenhall Street, E.0.3. West End Branch: 14/18, Cockspur Street, S.W 1--
Manchester Branch:
18, Mosley Street, Manchastar, &
AGENCIES AND BRANCHES: ALOR STAR
KARDIN AMRITSAR KONG KONG
PENAKO
BINGOON BAIGON
The market was dull. LONDON RUBBER
T. E. Pearce, Esq..
Amer. Sting and Ring Co. 351
Nat Power & Light
71
Previous close Today's close
Amer, Sugar, Refining
133
C. C. Roberts, Esq..
| National Supply Corp.
buyers
SPOT
13-1/16"
SEPTEMBER
12-15/16
buyers 13-1/8 13...
Change
Hon. Mr. A. L. Shields,
!
Amer. Teľ, & Tel
1611
New York Central
∙118
up 1/16
up 1/16
inter, Tobacco "3"
772
Niagara Hudson Power ...
47
Sir Vandeleur M. Grayburn,
Amer. Waterworks
9
N. American Aviation ....
151
OOT-DEC.
......
12-11/10
12-3/4
up 1/18
Anaconda Copper
102
North American Co.
191
98 1/4
JAN/MARCH
APRIL-JUNE-
11-1/5 11-7/8
12-144
up 1/8
Branchen:
Atchison, T. & 8. Fe.
15}
Northern Paclic
6
11-45/16
up 1/16
Aviation Corp. v.
42
Owens-linols Glass Co.
54
Amey
Johore
44 1/4
149 1/2
On Sterling Notes:-
Bank Buying Rate
1/6
Bar Silver per, oz
33.1/2
Shanghai Exchange
Market steady. Little short-covering.
NEW YORK COTTON; The market is generally a waiting affair. Moderate trade buying is absorbing hedge sales and scattered pro-" bureau report liquidation.
NEW YORK RUBBER: Demand for physicals has been slow but the shipment position" remains tight.
CHICAGO WHEAT: Prices rallied in sympathy with the Corn
Bendix Aviation
Bliss & Co.
Bangkok
Kobe
Rangoon Вайков
Chief Manaper. FAILLIE PLACE
CANTON CAWNPORS
CEAU COLOMBO
.
Baldwin Lecometire
141
Pacific Gas & Elec
291
Batavia
Kowloon SAL
DELHI
DANGKOK BATAVIA
BOMBXY
CALOUUTA
ILOILO {PO.U KARACHI KLANG
ATREMELY
BHANGHAI
BINGAPORA
AGENCIES: XOEK.. CLATE SET
'BITIAWAN
KUALA
SOU RABAT&
LUMPUR
TAPING
KUCHING
MADZAN
MANILA
KIDAN
TIENTSIN
TONGEAH
(Bhuket)
THINGTAO
Baltimore & Ohio
72་;
Packard Motors
37
Bombay
Kuala
Francisco
Barber Asphalt Co. Barnsdall of
睡
Pan-American Airways
312
Calcutta -Lumpur Shanghai
8
Paramount Pictures
5+
Canton
London
Singapore
30%
Pennsylvania RR
197
Chefoo
Lyon's
Sourabaya
Bethlehem Steel
Philadelphia Read, Coal
Colombo
Malocca
Sungei
די
13.
Phillips Petroleum
337
Dairen Manila
Patani
Boeing Airplane Co.
141
Pubile Service of N.J.
38
Foochow
Muar
Swatow
market.
Borg-Warner'
164
Pullman Ins..........
191
Haiphong (Johore)
Tientsin
Bankow
Mukden
Shanghai, Aug. 8 (Reuter).
Official T.T. Rates
Tokyo
NEW
YORK
STOCKS: 125.12: Change, off 15.
Previous close. 125.27: Today's close,
Briggs Mfg.
181
Pure OD
Harbin
New York
-Budd M'facturing Corp.
34
Radio Corp of Am.
48
Opening
Canadian Pacific R'way
3
Reading Company.
Com "127
Hoils Ipoh
Peiping
Penaug
London
0/3-5/8
New York
6-1/2
Japan
23-3/8
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Case, JL.....
491"
Remington Arms Co., Inc.
42"
Celanese
Republic Aviation Corp...
4
in
Chesapeake & Ohio
381
Republic Steel · .....!
161
Paris
Hongkong
2DN 24
Chrysler Corpa.
73
Prev: Today's
Revere Corp.,
BAT
High Low Close
Columbla Gas & Elec.
5}
Reynold Tabac, "B"
347
Bterling
Sellers
Spots. A08. Sept
Opening Closing 0/3-45/64 0/3-23/32 0/3-45/64 013-23/32 0/3-43/64 D/3-45/64
US DollarS
New York Cotton. Oct. New York Rubber, Sept. Chicago Wheat, Sept.
9.35 9.28 9.34
19.50 19.45
19.86b
741
734
74)
Chicago 'Corn, Sept.
62
603
New York Hides. Sept.
8.85 8.80
Close Change 9.32 .02 off 19.45 21 off
741
up 60 612 12 "up 8.90 8.88h 02 off
Commercial Credit Co.
.30%
Saleway Stores
421
Com; & Southern (Ord.)
13
Schenley. Distillers
10
NEW YORK "COTTON Close
Opening
Closing
Change
Consolidated. Edkon ..... Consolidated Oil Continental Can Continental ou Copperweld Steel
201
Sears Roebuck
75
■
Shell Union Ol
Boxes in various sizes To Lat. Hong Kong. 28th February, 1940.
381
Socony-Vacanum Oil
83
Tsingtao Yokohama.
Conant AccouкTa opened
NEW YORK PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
"CURRENT À¤¤¤unts opened and FLEED DEPOSIT received for 'One. 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 Starling with interest allowed at rates obtainable on application.
LOCAL CURRENCY and Fix80 DEPOSIT
The Bank's Head Office in London received for one year or shorter periods in Local and other Cur- undertakes Executor and Trustee Fancies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
Atao up to date SAFE DEPOSIT terms which may be ascertained at
any of the Agencies and Branches."
R. A. CAMIDGE,
Manager.
HAIPHONG
TOKOHAMA
HAMBURG HANXOW
181
Southern Paclic
8
18
Southern Rly $5 pid.
171
Spot
$5-17/32 $5-9/10
Aug
Sept.......
5-17/32 6-15/32
5-17/32 5-1/2
Market:-Uncertain,
Silver Duty Hain
The Central Bank of China's rate on London at 10 am, today
Was 1/2-1/2d.
Total sales Tuesday: 41,200 bales. "NEW YORK NUBBER
O. (New contract) December ( January March May July
9.34/34
9:35/34
>
9.25/25
9.23/25
.9.14 N"
9.05/05
1
8.85/85
")
8.84 N
9.12b/14a 9,04/04 8,34/84 8.82b/64a
0.32/33 9.21/21 9,10n 9.02/02
.02 off
Curtiss Wright (C)
63
Spicer Manufacturing Co. 261.
.04 off
Curtiss Wright “A”
239.
·Standard Brands
.04 off
Deere & Co.
15)
Stand Gas & Elec.
14*
.03 off
Distillers Corpn. Beagrams -16)-
Standard Oil of California 181
8.32/82
.03 pix
Douglas Aircraft ·
801
Standard Ol' of NJ...
'33
Spot
10.06., N
6.59/59 10.02
.05 off .04
Du Pont de Nemours
Eagle Picher Lezd
1631
Stone & Webster
72
Studebaker Com
71
Eaton Mig. Ca.
314
Swift International
171
Elec. Autolite
341
Technicolor
91
"
Elec. Bond & Share
54
Texas Corpn.
35+
The Equalisation
per cent.
rate was
19 September.
19.68/700
December January
March
13.26/26
19.15 N
1808 N
May
1883 N
19.63b775a 19.45/50 19.25b/30a 19.05/07 unquoted 18.090 18.92b/19.03a 16,860 18.710
.21 "off
Elec, Bond & Share $5 bf
622
Texts Gulf Sulphur
12
21 off
Elec Bond & Share $6 p.
114)
Hong Kong. 25th Feb., 1939:
Timken-Axle ......
23
.16 of
Elec. Power & Light $7 pf.
321
Trans-America Co.
식품
Total sales:--250 tons.
CHICAGO WHEAT
September
740/743
741/74k
December
751/754 75/75+
741/741 751/75
Tuesday's sales:-14.265,000 bushels.
CHICAGO CORN
September
60/80
December
557756
601/601 56/561
"614/611 51/57
WINNIPEG WHEAT
October
December
731a 7413
73 a
73ja 742a
3,90/00 9.05/06
8.75b/99a 9.00/00
8.88b/92a 9.05/08
£
Chartered Bank HK. & S'hal Bank (Idu.
01
ing Department)... 20,378 26,287 Rupee Coin and Bul-
lion in India
3,827 Gold Coin and Bul-.
ilon in India
4.441 4.441 Securities "(Indian
4,359 Government)
4,960 Securities *British
Government?
13,160 13,150
3,735
| War Loan, 31% (Red
after 1952) canton-Kloon Rly. 5% 6 Chinese 41% Gold Loan
1898. (Brit. Issued
Reg.)
992
HK. & 8'hai Bank (Col
Reg)
65
Chinese Eng. & Mining
30
(bearer)
Chinese 5% Gold Bonds.
1925-47
Chosen Corporation
35
Pekin Syndicata
Chìn. 41% Anglo-French
Lean, 1908 .....
S'hat Elec. Constr. Co.. 15
44..
Shal Waterworks' “A”
"13
TO H
Chinese 5% Crisp Loan.
1912.
Union Insurance
20
13
Gula Kalumpong Rubber 13/9:
Chinese 5% Reorg. Loan,
1913. (Ldn. 1)
8-A, Tob, (bearer)...... 72/6
Mercantile Bank
11
LONDON STOCK
EXCHANGE. LONDON, August 8 (Reuter) The Stock Exchangë was generally saster on lack of support though no selling pressure was noted.
There was a hesitance due to the Eastern development but it was noteworthy that Egyptian bonds romained firm throughout the sez-
Chin. Imperial "Rły, 5%
Loan Han Rly, 5% Hukuang Aly.5%, 1911...
(LP. N/Y Issue) Hakuang Rly, 5%. 1911
German Issue) Lung Thing U. Hal
Rly. 5% 1913 S'hai-N'King Bly. 5% Out-edged and most-industrials Tientsin-Pukow Rly, 5% were fractionally" "emaler and Olla (Brit. Stpd.) were inactive 15
1entain Pukow Rly 5%
German Spd.)
Wall Street was "steads
Chinese 8% Bter. Noten,
1925 (Vickers);
Dunlop Rubber
27
Bristol Aeroplane
8/9
Imperial Chemical Ind. 24/7Y
United Steel
17/3
9
Woolworths
54.
Marathan Investments
Western Holdinga...
7/6 7/0
Sub-Nigel
152/0
Shell Trans, ÁZ Trad.
Dearer)tti
"32/6 Nat Defence Bonds, 3% 100% London-Midlands-Scot-
tish, 3%
114
Great Western Rall- Nat, Bank of India. 3%
271
way, 3%
India Rupee Paper
Bombay, Aug. 7 (Reuter), Govt. 34% Rupee, 90-04-0.
Calcutta Exchange
Calcutta, Aug: 7 (Reuter), TT. on Japan, 82-7/8.
SILVER MARKET
LONDON SILVER London, Aug. ↑ (Router), Silver: Bears coverlag. Very small offers. Business small. Mar- ket steady. In the attemoon. the market was quietly steady.
Bpot, 23-1/24.
Forward, 32-15/16d_
BOMBAY SILVER
Bombay, Aug. 7 (Reuter). Market. Quiet but steady. Off-
take 50 bars.
Indian Mint Suver
Ready
Aug. 28. Bettlement
Sept. 25. Settlement
63-04
83-03 63-03
NEW YORK HIDES September ... December
Total sales for the day:88contracts.. New York Official..... 34-3/4 NY-London Cross Rate 3,95
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Aug. 8. The following quotations.are the
RESERVE BANK OFnidale prices at the closs of the
INDIA STATEMENT
Calcutta, Aug. 7 (Reuter).
July 26 Aug. 2
Notes in circulation including Notes held in the Bank-
34-3/4 3,03-3/4
LONDON GOLD
London, Aug. 7 (Reuter). Bar Gold. Fine per oz, 188/-
Tientsin-Pukow Rly. 5%
(Brit. Btpd. Supl Loan) 8 Tientsin-Puko Rly. 5% market in London All quotations (Ger:Stpd. Supl. Loan) 8 are subject to confirmation and no Jap. 5% Ster, Loan, 1924 234 responsibility is assumed for errors Ger, 7% Intl. Lean, 1924°44
transmission.
1939/40--0-
DOW JONES AVERAGI
High Low Dow Jones Averages Aug. 6,
165.92 111.84. 40 -·-Industriela
35.90 22.15 10 Rail
Aug. 8, 1940
High Low Close Change:
125,47 124.61·125,12
125.97
.15 of
25.75
$7.70 18.03 10 Utilities
22.06
26.76 26.65 2871 22.70 29.53 92.58
39:99 83.06 40 Bonds
83.29
-- 60.67-45.39---||-Commodity Index. 50.44.
.04 off .10 off 88,09.20 off 50.56
18_off Business Done -240,000 shares
12 off
Hintkote
13...
20th Cent. FOL
52
.12 of
Gen. American Trans.
474
Union Bag & Paper Corp.
121
THE CHASE BANK
Gen. Electric
337
Union Carbide & Carbon
88
Gen. Motors
48
Union Paclic
841*
1 Up
Gen. Railway Signal
11
United Aircraft
35)
Gen. Tire & Rubber
£1*
I up
United Airlines Trans
181
Glidden Co.
12
United Corp),
17
Goodrich (B.F)
114
United Corin. $3 cum pf. 354
Goodrich $5 pt.
51
United Gas Corpn.
11
13 up ilup
Goodyear Tire & Co...
15
United Gas Improvement 12
Great Northern Iron Ore ..
141
US. Industrial Alcohol
173
Great Northern Rly, pfd.
221
US. Rubber
194
Interest Rates oa Application..
Great Western Sugar
201
U8. Rubber $ pfa,
821*
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Bales may be obtain- ad on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
I, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com plete Foreign Banking Bervic in the principal Markets of the world.
BANK OF EAST ASIA, LIMITED
Authorised Capital $10,000,000.0 Paid-Up Capital 5,596,800.00, Reserve and Undivided
2,203,201.50
Head Office: HONG KONG
"
No. 10 Des Voeux Road, Central.
SIR SHOPSON Chow, Chairman
El Koon Chan, Eq.
P. K. Kwok, E.
Chan Ching Shok,
Li Lan Sang, Esq.
Wong Chn Son, EK.
Ina Ying Foeg.
1. Eng Pig Wan Baci
Kar TONG PO, Esa, Chief Manager LT Tax Foxo, Esq., Manager
Branchu and Agencies: -
Kandoom Pe Loudon Bangoon
Bingapore
Begreber
Caloun Malbenzen Be Prín, Byday
Profits
:
Board of Directors:
Wong Tau Tong
Amoy |Batavia
Bombay Manda
Eletron Bwalow
unch. unch.
Greyhound Corn,
117
US. Steck
522
SAFE DEPOSIT BOXES
ENpbong
Haike
New York
Hercules Powder Co.
79"
Vanadium
30
Hopolala
Purs
International Harvester
404
Vultee Aircraft.
This Bank is entirely owned by
Loba..
Phiping
Bentzia
Semarang
Stanghal
COOLE
.02. off unch.
Int Nickel
231
Walworth Co...
32
Later. Paper & Power Int. Tel & Tel Kennecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford
143
Wamer Bros. Pict
24
21*
Westinghouse Elec,
100
261
Woodward Iron Cor.
3*
Chase National Bank
291
Glau. 383
National City Bank
231
-bid.
- diy,
THE CHABE NATIONAL NEW YORK," with Basonrea of creat £1:8.$2,000,000,000,
D. M. BIGGAR,
Second Vice Pr
Ajob
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGĦAL TSINGTAU, CHEFOO
and TIENTSIN :::
KOHE and OSAKA
SINGAPORE, PENANG and CALCUTTA
BANDAKAN
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
JARDINE MATHESON&-Co.,LTD. THERIONTSZOSILO GENERAL MANAGERS
Every description of Banking and Exchange business transacted. Lonas granted on approved securities..... Current Accounta opened in Lopal Currency and Fixed Deposits re ceived for one year of shorter | periods in Local and Foreign Cur- tencies OR terms which will be quoted on application.
BATE C1208ir Boxes To Lar.
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 to our Ülients special facilities for Domestic and Foreign Banking and Exchange.
·Head Office:~BHANGHAI
Hong Kong Branch:
QUEEN'S BOAD, C. South China Offloss
{CANTON D
BWATOW
SHLUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issus of Bonds and other Publis. Funds of the Chinese Government both at Home land Abroad. We were a
SHOU 7 CHEN
Manager.
BATT.