Allis Chalmers
395
Aluminium Ltd"
52 3/4
NEW YORK, AUGUST 8, 1940.
Amer. Can
On demand
93
SINGAPORE". RUBBER
On India:-
Telegraphic
Transfer.
SPOT
Previous
Close Buyers
37 cts.
August 8
American Cyanamld B.
Opening Closing Change
Amer. & Foreign Power ...
Buyers
Amer
& Foreign ST pl.
38-3/4
36-3/4
off 1/4
Amer. Locomotive
-82.1/2
and demand......
OOT/DEC.
On New York:-
|JAN./MAR..
-35-1/2. 33-1/4
35-1/4
33 Ct5.
35-3/8 33-1/8
Amer, Metals Co.
off 1/8
Amer. "Radiator
Bank Billa, on demand 21 7/8 Credits, 80 days' sight 2
1/4
J
The market was quiet but steady. LONDON RUBBER
Amer. Rolling Mill
Amer, 8ting and Ring Co.
On Batavia:----
Amer, Sugar Redning
buyers.
'On demand
મ
SPOT
13-1/8
On Paris:-
SEPTEMBER
13.
12-3/4
12-1/4
11-15/16
buyers 13 12-15/16 12-11/16 12-3/16 11-15/16
Change
Amer. Tel. & Tel.
of 1/8
Amer. Tobacco "B"
o 1/16-
Amer. Waterworks ...
off 1/16
-Anaconda Copper
off 1/18
unch,
Atchison, T. & §. Fe...
Aviation Corp. .....
Baldwin Lecometive
the cotton
Baltimore & Ohio
On Bangkok:-
On demand ...
On Sterling Notes
Barber Asphalt Co...
148 1/2
1/3
Barnsdall Of
Bendix Aviation
Bethlehem Steel...
Bllas Co.
Boeing Airplane Co. ...............
Borg-Water
Briggs Mig.
Budd M'facturing Corp.
Canadian Padiñe R'way
Case, J.I
Opening
Celanese
London
0/3-5/8
Chesapeake & Ohio
New York
S-7/16
Chrysler Corpn.
Japan
Paris
23-1/8
20N *24
Spot
Aug.
0/3-3/4
Sept.
0/3-47/64 0/3-47/64
U.S...Dollars
Hongkong
Sterling
Sellers
Opening Closing 0/3-3/4 0/3-3/4
0/3-3/4
New York Hides, Sept.
NEW YORK COTTON Close
Oct. New contract) ... 9.32/32 December (
New York Cotton. Oct. New York Rubber, Sept. Chicago Wheat, Sept.. Chicago Corn, Sept.
Prev. Today's High Low Close Close Change 9.48 9.35 9.32 9.41.09 up 19,40 19,40 19.45 19.37 08 Off 741 737 74} 733 off 51) 602 611 61 A off 8.90 8.36
8.88b 8.89b .01 up
Columbia Gas & Elec
Commercial Credit Co.
Com, & Southern (Ord.) Consolidated Edison '...... Consolidated Ou Continental Gan Continental Ou
Opening
Closing
Change
Copperweld Steel
9.40/40
January
{
Spot
$5-9/16 $5-17/32
March
9.21/21 9.10 'N ..... 9.02/02
9.29/30
9.20 9.09/09
9.41/41 9.31/32 9.2011
.09 up
Curtiss Wright (C.)
.10 up
Curtiss Wright “A”
..10
Deere & Co.
קנן
9:11/11
.09 up
Distillers Corpn. Beagrams. 18′′
Aug.
5-17/32 5-17/32
May
{
.. }
6.82/82
2.90/00
8.91/91
.09 up
Douglas Aircraft........
Sept. 5-1/2
6-15/32
July
(...)
8:59/59
unquoted
Market:Quiet.
Spot
10.02 N
*8.71/71 10.08n
.12 up
Du Pont de Nemours
.06 'op
Eagle Picher Lead
Eaton Mfg. Co.....
India Rupee Paper
Bombay, Aug. 8. (Reuteri, Govt. 34% Rupee, 90-04-0.
Total sales Wednesday: 49,800 bales.
NEW YORK RUBBER
September
Elec. Autolite
December
January
Calcntis Exchange
March May
July
.
19.45/50
19.05/07
18.99. N 18.86 N 18.71 N 'unquoted"
19.40/40 18,03/98 unquoted unquoted
Elec. Bond & Share
19.37b/39a .08 off 18.99/19.00 .06 off 19.91n
.48 off 18.79n 18.64n unquoted
.07 "off
Elec. Band & Share $5 pl. 62" Elec. Bond & Share $8 pf. ́. 71. Elec. Power & Light"$7 pf. 321 Pintote, ...
.07 off
Gen. American Trans.
1:
Gen. Electric
Calcutta, Aug. 8 (Reuter). T.T.' on. Japan, 83-1/4.
Total sales:-320 tons,"
Gen. Motors ...
Gen, Raliway Signal-
SILVER MARKET
LONDON SILVER
London, Aug. 8 (Reuter), Suver: Cash was supported by December bears covering. while speculators WINNIPEG WHEAT
CHICAGO WHEAT
September
December
CHICAGO CORN
September
Gen. Tire & Rubber
741/748
.752/75)
745/742 752/75
74/731 747/75
i off
Glidden Co.
I off
Goodrich (BF)
Wednesday's sales:-9.662,000 bushels.
Goodrich $5 pf............
Goodyear Tire & Co. .........................
Great Northern Iron Ore
817/817 014/611 57/57
562/562
61/81 561/561
1 of
Great Northern Rly, pfd,
I oft
Great Western Sugar... Greyhound Corpn.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 9, 1940.
On London:-
Telegraphic Transfer. 1/8 7/8 Bank Bills, an demand 1/2 7/8 Credits 4 months' sight 1/3 1/2
On Shanghai:—
On demand
On Singapore:----
On demand
On Japan:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
OCT.-DEC.
(FROM PAYNE & CO.)
JAN. / MARCH
APRIL-JUNE
The market was quiet.
Previous close Today's close"
of 1/8
Bank Bills, on demand 1083
Credits 4 months' sight 1160
On Saigon:-
On demand.......... 00 1/4
On Manila:
On demand... 43" 3/4"
Bank Buying Rate...
Bar Silver per 0%. ......................... 23 1/2
Shanghai Exchance
Shanghai, Aug. 9 (Reuter).
Official T.T. Rates
NEW YORK COTTON: The Government estimates crop at 11,400,000 bales as compared with last year's production of about 11,845,000 bales.
%
NEW YORK RUBBER: The market was dull and uneveritful with all interests awaiting developments.
CHICAGO WHEAT: The market reflects reports of favourable
weather conditions.
NEW YORK STOCKS: Previous close, 125.12: Today's close, 125.13; Change; op 01.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S JERVICE)
AUGUST 9, 1940.
Last Sale
"Aug. 8
STOCKS
Adams Express
Alleghany Steel Co. ....................... 21.
........... 51
Lockheed Aircraft
SATURDAY, AUGUST 10, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital..... 350,000,000
INDIA, AUSTRALIA AND CHINA
Leaned & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1883
Reserve Funde:
Paid-Up Capital £6,500,000 Reserva Fund......
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfield, Esq., A. H. Compton, Esq.,
Sir Vandeleur M. Grayburn,
Chief Manager.
prietors.
£3,000,000 £1,000,000-
.....................£3,000,000
HEAD OFFICE:"LONDON:
38, Bishopsgate E.C.3. - Sub-Agencies In London!
117/199. Landenhall Street, E.US. West End Branch; 14/18, Cookapur Street, S.W, 1: Manchester Branch:
12, Mosley Street, Manchester;
ALOR STAR AMRITSAR BANGKOK BATAVIA
AGENCIES AND BRANCHES:
HARBIN PESANO HONG KONG SAPON ILOILO IPOR
KARACHI ELANG
CALOUTTA
AGRECIES: CLAVE MENET PARLI PLAC CANTON DAWNROBE CATE COLOMBO DELHI
KOEN KUALA
LUMPUR KUCHING
MADRAS MANILA
MEDAN
MAIGON
BEREMBAN
SHANGHAI
BINGAPOR BITIAWAN
BCURABAYA.
TAIPING
TIENTSIN
(Bhuket)
TONGKAN
·TRINGTAŬ
Sourabaya
Patani Swatow
New York Tsingtao
Peiping Yokohama
HAMBURG HANKOW
NEW YORI PIPING
(Peking)
YOKOHAMA
FORON EXCHands' and General Banking Business transacted,
CURRENT ACCours opened and FIXED DEPOSITS received for. One Year or shorter periods in Local or Other Qurrencies at rates which will be quoted on application.
SAVINGS ACCOUnre also opened in Local Currency and Sterling with CURRENT. Accounts opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS on application. received for one year or shorter The Bank's Head Office in London, periods in Local and other Cur undertakes Executor and Trusten rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
terms which may be ascertained at any of the Agencies and Branches.
RAQAMIDGE,
Manager.
Also up to date Sir" DEPOSIT Boxes in various sizes To Lar. Hong Kong, 23th February, 1940,
HONCTONG SAVINGS.
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain-|21| led on application.
For the HONGKONG & SHANGHAL BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 28th Feb., 1939,
THE CHASE. BANK
18, QUEEN'S ROAD, CENTRA¡
18, PINE STREET,
NEW YORK
An American Bank ofering com plete Foreign Banking Bervior in the principal Markets of the world.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid Up Capital 5,398,600,00 Reserve and Undivided
Profits
2,963,281.80
Head Office:—HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SIR SHOVEON Onow, Chairman LA Koon Chan, E., Wong Cha Sen, Esq.
Li Lan Bang, Bag. P. K. Krok. Bay.
Wong Tan Tong, Beg, Kan Ying Po, ag Chan Ching Shok, Esq. Fang Ping Wah Baq, KAN TONG PO, Esq., Chief Manager LI Tax Fora, Esq., Manager
Amoy
Branches and Agencies:--
Earlcon
Pens
Singaporn London Hangoon Bourabaya
Belgen Swntow
Malbourne, San Fran, Bydney
Sterling
STOCKS
onerve Liability of
Last Sale
Proprietoriais
$20,000,000
Aug. 8
251
teadTM Omçe:-HONG KONG
1:
Loew's Inc. .........
241
314
Loft Incorperated
312
661*
|Mack Truck Inc.
211
Board of Directors: H. V. Wilkinson, Esq.,
95+
Martin, Glen L
301
321
McKesson & Robbins, píá,
211
11
Montgomery Ward
404
14
Mtain City Copper Co.
21
13
National Aviation
92.
152*
Nat. Dairy Producta ....
134
Hon. Mr. 8. H. Dodwell,
"National Distillers ...
207
G. Miskin, Esq.,
101
National Lead ........
K. S. Morrison, Esq.,
16)
351
Nat Fower & Light
T. E. Panree, Esq.,
C. C. Roberts, Esq.,
131*
DOMBAY
National Supply Corp.
51.
1813
Home Mỹ. Ai . Shis da
New York Central
111
761*
Niagara Hudson. Power
87
N. American Aviation
154
192
North American Co.
191
Branches:
152
Northern Pacidc
*
48
Owens-linols Glass Co!
544
Amoy
Johore
141
Pacific Gas & Eles
294
Bangkok
Kobe
Rangoon Saigon
31
Batavia
Kowlcon" San
Packard Motors.
34
HAIPHONG
Bombay Kuala
Francisco
93* -
Pan-American Airways
131
-Calcutta
Lumpur Shanghai
Paramount Pictures
51
Canton London
Singapore
2017
Pennsylvania RR
191
Chefoo
Lyons
778:
Philadelphia Read Coal
Colombo
Malacca
Sungei
13
Phillips Petroleum
331
Dairen
Manila
144
Public Bervice of, NJ.
357*
Foochow
Muar
16
Pullman Iac...........
19
Haiphong
Bankow Mukden
187
Pure Of
74..
(Johore) Tientsin:..
Tokyo
Harbia
33
Radio Corpn. of Am. ......
42
Iloilo,
3
Reading Company, Com
12}
Ipoh
Penang
52
Remington Arms Co., Inc.
42*
29
Republic Aviation Corp....
4+
381
Republic Steel
171
734
Revere Corp. ult.
84*
54
Reynold Tobac." "B"
341
301
Safeway Stores
-421*
1+
Schenley Distillers
101*
2811
Sears Roebuck....
76
6
Shell Union Ol......
BA⚫
39
Socony-Vacunum Oil
187
Southern Paciic
8
177
Southern Rly $5 pid......
18
7
Spicer Manufacturing Co. 27
234
Standard Brands
151
Btand Gas & Elec.
13
"
Standard Off of California
181
701...
Standard Of of NJ. „ho
331
" 1824-
Store Webster
74"
7}
Studebaker Com.
74
311
Swift International
17
341
Technicolor
57
Texas Corpn.
351
Texes Gulf Sulphur
314
Timken-Axte
23
Frans-America Co.
133-
20th Cent, Fox
472
Union Bag & Paper Corp.
12
339
Union Carbide & Carbon
681
46
Union Pacife
85
113.
United Aircräft
.36
11
United Airlines Trans
10+
HEAD OFFICE:
*121*
United CorpA,
17
114
United Corpn. $3 cum pt.
351
50*
United Gas Corpo.
It
15+
United Gas Improvement
114
141
U.S., Industrual Alcohol.
173*
221
US. Rubber
182
201
Interest Rates on Application.
US. Rubber $8 píč,
23-
· 117 ·
sold
forward. Business Market steady. In the afternoon, the market was quietly steady..
small,
U.S."Stcel
521
SAFE DEPOSIT BOXES
October. December
73ja 749
7341
734a. 741a
unch
Hercules Powder Coin
81
Vanadium
294
unch.
International Harvester
40
Valtee Aircraft
NEW YORK HIDES
September
8.85b/92a
December een
Indian Mint Silver
Ready Aug. 28 Bettlement Sept. 25 Settlement.
63-05 83-04 63-04
LONDON, GOLD ·
Tin. Standard, Cash, Middie Price, £265-7/8,"
Spot, 23-1/2a.
Forward, 22-13/18d.
BOMBAY SILVER
Bombay, Aug 8. (Reuter)."
...... 9.05/08 Total saled for the day:-75 contracts.
Market.-Quiet but steady. "Off... | New York Official ............ 34-3/4
take 200 bars.
NY-London Cross Rate 3.93-3/4-
LONDON METALS | BROKERS
EXCHANGE
London. Aug. 8 (Reuter).
New York, Aug. 8 (Reuter). Loan on securities to brokers in New York:
Week-ended
1939/40
High Low Dow Jones Averages
155.99 111.84:30 Industrials
25.90 12.15.20 · Rate:
Int Nickel
231
Walworth Co, 'm......
4
Inter. Paper & Power.....
143
Warner Bros. Pict'
21
8.80b/9.00 8.89b/94a
8.96b/9.13a 9.07b/108
.01 up
Int. Tel. & Tel
21*
Westinghouse Elec,
993
.02 up
Kennecott Copper
26
Woodward Iron Car.
254
Lakey Foundry & Mac,
31*
Chase National Bank
291"
Libbey-Owens-Ford
Glass 391
34-3/4 3.90-1/2
National City Bank
LOANS
bid
DOW
1-ex dir. JONES"AVERAGE
Aug. 7,
128.12
-86.71
27.70 18.03 90 Utilities
Aug. 9, 1940 High Low Close
·125,84-19487,125.13 26.78 2002 ·25.70 22.50 99.44 22.47
Chungs
This Bank is entirely owned by CHAI - NATIONAL · BANK' 'New York, with Resources of ovIt
17.8.83,900,000,000.
D. M. BIGGÅR,
Second Fice Pre
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offici-15, Gracachurch Street, London, ECa
Every description of Banking and Exchange business transacted. Lowas granted on approved mecurities:
Current Accounts epened in Lous) Currency and Fixed Deposita re ceived för one year or shorter periods in Local and Foreign Our- rencies on terms' which will be quoted on application.
Barn Deposit Boxes To LET.
KAN TONG PO,
Chief Manager
Batavia
∙Davey
Manila
Oplontis
Haiphong
INCLAIR
Baskow
Sonoisie Kaha
New York Busitis-
Pepler
Telu
GOTYEK
Authoria Capital
89 öf
Bubscribed Capital..
Week-ended
** Week-ended 3/8/39 1/8/40 8/8/40
72.22 83.0640 Bonds
85 87 45.89 11 Commodity Index: 50.58
01 off 22.56
..09 of 88.14 88.09
06 up 50.44.12 of Business Done 3-110,000 shares
·Prideup Capital:. Reserve Pund and Book,
£3,000,000
£1,200,000
£1,060,000
21,251,612
London, Aug. 8 (Reuter). Bar-Gold, Finé per o, 188) -
Tin, Standard, 8 months, Middle $501,000,000 03,000,000 $275,000,000 Price, £206,
WEEKLY RETURNS AND REPORTS INDO-CHINA
BANK OF ENGLAND
LONDON, August 8 (Reuter).
Public Deposits
Other: Deposita:-
Bankers Other Accounta Total
Other Securities:-
*
STEAM NAVIGATION COMPANY LTD.
Operating Bervices for Cargo and Passengers
SWATOW, SHANGHAI, IBINOTAU, CHEFOO
and TIENTSIN
August 1
August B
£
22.680
19,240
108,260
114,090
TO-
52.270
48.570
158,530
182,660
Government Securities
152,880
157,330
Discounts and Advances
3.270
3,120
Securities
21,500
22,020
Total
24,770
25.150
Notes
and Coins
11.070
17,430
Total Bullion
-1110
1,100
Koter
„E cireutation
609,540
613,070
11.90%
4,68%
100/-
the Roosevelt Terminal in
Ratio of Reserve to Liabilities
Price of Gold at which holdings are valued 168/-
FEDERAL RESERVE SYSTEM
NEW YORK, August 8 (Reuter).
Hills Botight
078 Becurities held
Aug. 3 (1939) Aug. 1
'C000's omitted)
Federal Reserve Rabo
"Federal Reserve Credit Outstandin
Monetary Cold Stock Industrial Advation."
2001,000 2,463,000.......... 2448,000 88,40% 89.20% 4,476,000/- 2,484,000 48,000-20,462,000 11746,000: 8884,000
2,446,000.
89.30% +2,471,000.
›26 568000
6.602,000
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth, alongside 0.0
the French Concession a
Shanghai, where passengers,
and cargo are landed.
For further particulars
please apply tom
JARDINE
TELEPHONEJOJIEGENER
SONG COL
MANAGERS
BANKERS:
The Bank of England and Midland,
Bank. Ltd. BRANCHES:
Hangkok ofpok Bombay
Fadina
Calon
Kandy
Colambo Delbi
Hongkong Howrah
Karichi
V Kola Bhar
Kasa. Lipis -
Kuals Treaggase Madra
New York
Batroun
Simla Singapore
...Kunis Lampur HONG KONG BRANCH; Every desorption of Banking and Exchange
BANK OF CHINA
Specially Chartered by. THE NATIONAL GOVERNMENT
OF CHINA AS ANG INTERNATIONAL EXCHANGE:
BANK
PAID UP CAPITAL $40,000,000,00 (BRANCHES ALL OVIE CHINA)
Owing to our, numerous Branches TRUSTEE AND EXECUTORSHIP
UNDERTAKEN MU
in China" and connectionit in, the principal Commercial Centres of SUVERENT (ADCOUNTS, opened in Lööal Qür- PARCY, NJ ZLLED DEPOSITS Posted in Local the World, we are able to extand Carney & STERLING on tarms that may be to our Clients special facilities for masertained on myy Houthem.
Domestic and Foreign Banking and Manager, Exchange.
› D. BENSON,"
What do
you want ?
If there anything you want to buy or sell; try
Classified advertise ment in the Hong Long Daily
ords $1.50 prepaid
Head Office: BELANGĦAT Hong Kong Branch ́4, QUEEN'S ROAD, CO South China Oficu:
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other abl Funds of the Chinesi Government both at Home and Abroad ETA
BHOUZJ CHEN
Manager.