PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 17, 1940
On London:-
"Telegraphic Transfer. 1/9 7/4 Bank Bills, on demand 1/2 7/8 Credits 4 months' aight 1/3 1/2
On Shanghai--
On demand
On Singapore:-
On' demand.
Bank Bills, on demand 21 7/8
Credits, 60 days sight 23
On demand
Bank Bills on demand 1065
Credita 4 months' sight 1180
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.
¥I
60
Market closed
NEW YORK STOCK EXCHANGE
STOCKS
Atchison, T. & S. Fe
QUOTATION
(REUTER'S SERVICE)
AUGUST 18, 1940;
Last Sale
68.
#
MONDAY, AUGUST 19.
BANKS
1940.
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
Authorised Capital....... $50,000,000
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1853
Resetre Funds :" Sterling
Paid-Up Capital £3,000,000 £6,500,000 Reserve Fund
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-
Haiphong (Jobore). Tientsin
Mukden Tokyo New York Tsingtao Peiping Yokohama Penang
CURRENT ACCOUNTS opened in LOCAL CURRENCY and Fixed DEPOSITS received for one year or shorter periods in Local and other Our rancies on terma which will be quoted on application.
ALSO up to date BATE DEPOSIT Boxes in various sizes To Lei Hong Kong. 28th. February, 1940.
'HONGKONG SAVINGS
BANK
£3,000,000
....£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In London: 117/19, Leadenhall Street, E.0.3. West End Branch: 14/18, Cockapur Street, S.W 1. Manchester Branch:
prietora...............
69, Mosley Street, Manchester, S
AGENCIES AND BRANCHES:
HARBIN
FENANO HONG KONG KANGOON, ILOILO
AGENCIKE
CLITE STAIN
FAIBLIA PICT
HANKOW
IPOH КАВАСНІ KLANG
KOBE
KUALA
BAIGON
SEREMBAN
'SHANGHAI
SINGAPORE
BITIAWAN
SCURABATA
LUMPUR – TAIPING
KUCHING
NEW YORK PRIPING
(Peking)
TIENTAIN
TONGKAH
(Bhuket)
TRINOWAD
TOKOKIMA
.. Fotias EXCHANGE and Genera Banking Business transacted.
CURRENT ACU opened and FIXED DEPOSITH 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 Sterling with interest allowed af rates obtainable on application.
The Bank's Head Office in London undertakes Executor and Trustee ~ Business, and claims
recovery of British Income Tar overpaid, on terms which may be ascertained as any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
STOCKS
Last Sale
Aug. 17
Aug. 17
Reserve Liability of
Proprietor
$20,000,000
Adams Express
5 Lockheed Aircraft
231
Head Office-HONG KONG
Alleghnny Steel cá
194
Loews Inc.
231*
Allis Chalmers
201
390
Loft Incorperated .....
201
Aluminium Led
70*
Mack Truck Inc.
20
Board of Directors: H. V. Wilkinson, Esq.,
52 3/4
Amer. Can
93
Martin, Glen L
281
On Japan:
NEW YORK, August 17." 1940.
American Cyanamid B.
-321 ··
McKesson & Robbins, pís.
201
Chairman. Hon. Mr. J. J. Paterson,
On demand
8.3
Previous
August 17
Amer. Foreign Power
11
Montgomery Ward wom
Our India:
SINGAPORE RUBBER
Telegraphic
Transfer.
and demand
82 1/2
Close Opening Closing Change Buyers Buyers
Gamer & Föreign și pl.
*14*
M'tain City Copper Co
23
Amer. Locomotive
*121*
National Aviation ........
01*
-Deputy Chairman, J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Amer. Metals Co.
141*
Nat Dairy Products
131
Hon. Mr. 8. H. Dodwell,
On New York:-
SPOT
37-5/8
OCT./DEC.
| JAN./MAR.
36-1/4 34
37-1/2 37-5/8 36-1/8 36-1/8 . 33-7/8 33-3/4
unch.
Amer. Radiator
51..
National Distillers
201
Q. Miakin, Esq.,
off'1/8
Amer. Rolling Mill
104
National Lead....
-18*
K. 8. Morrison, Esq.
off 1/4
Amer. Sting and Ring Co. 344.
T. E. Pearce, Esq.,
Nat Power & Light
72
On Batavia:-
LONDON
The market was quiet. RUBBER
Amer. Sugar Refining
121.
National Supply Corp.
C. C. Roberts, Esq.,.
51
Amber, Tel & Tel
158
Hour MrA L. Shields,
ALOR STAR AMRITSAR PANGXOX BATAVIA BOKBAY
FOKENUTTY"
|New York Cential
TO
On Paris:-
SPOT
buyers 13
Previous close Today's close
buyers
Change
Amer. Tobacco "B" Amer, Waterworks Anaconda Copper
73*
| Niagara Hudson: Power
44
Sir Vandeleur M. Grayburn, ""
8+
N. American Aviation
157
Chief Manager:
194
North American Co.
18#*
On Saigon:-
On demand
-95-1/4
SEPTEMBER OCT-DEC
13
Branches:
14:
Northern Pacific
6+
13
Aviation Corp.
4
Amoy
Owens-Illinois. Class Co.
47
On Manila:-
JAN./MARCH
Baldwin Lecometive
141
Bangkok Kobe
Pactic Gas & Elec
28
On demand
.... 43 3/4
APRIL-JUNE
Baltimore & Ohio
31
Batavia
Kowloon
Johore Rangoon-
Saigon San
CANTON OLWEFOEI CEBU
-MADRAS
COLOMBO
*MANILA
DELEJ
MEDAN
| Packard · Motors
31
Bombay
Kuala
Francisco
On Bangkok:-
On demand .....
Barber Asphalt Co. Barnsdall Of
Pan-American Alzwáya
13
Calcutta
8
Lumpur Shanghai
HALPHONG HAMBURG
Paramount Pictures
51*
Canton
London
Singapore
28
On Sterling Note:-
Pennsylvania. RR.
191
Chefoo
Lycas
Sourabaya"
Bank Buying Rate Bar Sliver per oz.
1/5
Bethlehem Steel
74 Philadelphia Read. Coal
Colombo
Malacca
Sungei
134
23 1/2
Phillips Petroleum
Dairen
Manila
Patani
Boeing Airplane Co................
13
Public Service of NJ,
342
Foochow Muar
Swatow
“Borg-Warner
151 0
Puliman, Inc..
184
Briggs Mfg.......
193
Hankoy
Pure Onl
7.
Barbia
31
Radio Corpn. of Am
.41
floila
3.
Reading Company.
Com
121
48
Ipob
Remington Arms Co., Inc.
:41*
27+
Republic Aviation Corp.
41
36
Republic Steel
161
693
Revere Corp
54
Reynold Tabac. "B"
334
301
| Safeway Stores.
418
1;
Schenley Distillers
28*
Sears Roebrick
753
61
Shell Union Oil
387*
Socony-Vacunum Ol
174
69} 68 60!
681
691 7 up
Copperweld Steel
162*
Southern Pacific
Southern Rly $5 pfd.
167*
601
601
up
Curtiss Wright (C)
61.
Spicer Manufacturing Co.
261
8.05 Closed
Curtiss Wright “A”.
234
Standard Brands
€.
15
Deere & Co.
Stand Gas & Elec.
14
Close
9.22/23
9.18/12
{
9.09 N
(
9.07/08
{
...... 8.89/89
{
8.70/70
Opening
9.24/24 9.19/20 9.18b 8.09/09 8.89/89 8.67b/72a
Closing
9.19/20 9:15/15 9.95n 9.03/04
Change .03 af
18*
Distillers Corpn. SeagramS
Douglas Aircraft
671*
Standard Öll of California
18
Standard Oll of NJ.
34
*,03 off
Du Pont de Nemours
1001
.04 of
да
Stone & Webster
Eagle Picher Lead
Studebaker Com
.04 off
Eaton Mfg. Co.
281
Swift Internațional
162
8.85/85
..04 off
Elec. Autolite
32
Technicolor
91*
8.65/65
.05' off
Elec. Bond & Share
51
Texas Corpo
344
9,72 'N
14,600 balès.
9.7in
:01 off
Elec. Bond & Share $5 pt.
801*
Texes Gulf Sulphur ........: 301
Elec. Bond & Bhare $6 pf. Elec, Power & Light ST pf; Fintkote
70
Timken-Axle.....
223
321
Trans-America Co.
42
13
20th Cent. Fox.
57*
19.54b/55a 19.20/20
Gen, American Trans.
454
Union Bag & Paper Corp.
111*
Gen. Electric
321
Union Carbide & Carbon
19.15 N
CLOSED
Gen. Motor
45
Union Pacific
82
10.03 N
Gen. Railway Signal
111
18.88 N unquoted
United Aircraft
34%
Gen. Tire & Rubber
104*
United Airlines Trans
141
Glidden Co...
12*.
United Corpn.
11
107
United Corpn. $3 cum pf. 347
Goodrich $5. pl.
*40*
681/681 681/681
Goodyear Tire & Co.
143
694/691
up
Great Northern Iron Ore ..
134
701/201
691/70
31/711
-Great-Northern Rly, píd
.21..
United Gas Corpn............ United Gas Improvement 11f US, Industrual Alcohol... UBRubber
17+
-174-
711/728
712/72
up
Shanghai Exchange
Great Western Sugar- Greyhound Corpn.
191
Interest Rates on Application.
US. Rubber $8 pfd.
80**
Calcatis
. 104*
UB, Steel ...
51
SAFE DEPOSIT BOXES
Shanghal Aug, 17 (Reuter).
Official TT. Rates
Hercules Powder Co......
And on
30
Vanadium
291
Hodink
391*
September
Opening
December
301/001 80/601 544/541 548/548
:"601780
tup
This Bank is entirely owned b.
Kobe
・空い
500/544
unch.
Walworth. Ca.
37
BANK
London
0/3-5/8
Inter. Paper & Power
141
WINNIPEG WHEAT
Warner Bros. Pict
21
New York
5-3/8
Int: Tel & Tel
21"
Westinghouse Elec,
.941
"22-3/4
October
December
731/731 731/731 744a
ZON 24"
73ja 7418
unch.
Kennecott Coptier
25
unch.
Lakey Foundry & Mac.
Woodward Iron Cor. ..........
25*
31
Chase National Bank
NEW YORK HIDES"
National City Bank
281* 221*
September
8.05/05-
CLOSED
December
8.22/23
New York Official
ex div.
34-3/4
NY-London Cross Rate 4.02;
unquoted 4.00
Aug.
Aug. 18, 1940'
Sept:
U.S. Dollars
Honan Rly, 5%
Spot
$5-1/2
$5-5/8
Hukuang Rly, 6%, 1911...
Aug.
5-1/2
5-5/8
»Sept.
5-5/16.
5-19732
Market: Steady.
(LP. N/Y Issue) ...... Hukuang Rly. 5%, 1911
Gennan Issue) .... Lung" Taing &U. Hat
Rly. 5% 1913
12
11
В
12-378 12:
NEW YORK COTTON: There was some hedge-selling and trade forecast indicates 149 1/2 demand was less urgent. The weekly weather
fair conditions. There was moderate buying by the Far East on the scale down.
MARKET REPORT
FROM ROZA BROS.
The price for Ready Silver was unchanged yesterday at 23.1/2 but the Forward rate rose 14 to 2215/16 Silver advices reported speculators 13 having bought. The market was steady but quiet. American Silver was quoted at 34. 3/4 for Spot,
The London/New York cross- rate was quoted at 402.1/2, New York/London was quoted at 402. MARKET
Quiet
STERLING
There were sellers at 1/2.31/32 up to November, buyers at 1/3 for any delivery.
US. DOLLARS
NEW YORK RUBBER: Market closed.
_CHICAGO_WHEAT: The market opened lower on commission house selling. The subsequent rally was the result of short-eevering and buying by a broker who usually acts for milk. interests. Other- wise, there was no demand of any consequence
NEW YORK STOCKS: Previous close, 121.28: Today's close, 121.90; Change, up 62.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton. Ock! New, York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, Sept.
NEW YORK COTTON Oct. (New contract)
Steady. Opened with sellers at December ?.. 22.3/8, but business was soon done January at 22.1/2 followed by transactions March at 22.0/16, 22.5/6 and 22.11/15 May for near and forward. The market July closed with Fellers at 22.11/16 for Spot forward, probably near, buyers at 22.3/4 for Cash,
SHANGHAI DOLLARS "Opened with sellers at 403, buyers bidding 404. Subsequently the market came down and at the close there were sellers at 401, buyers at 401.3/4" for Spot.
Total sales Friday: NEW YORK RUBBER September December January March May July
SHANGHAI MARKET
Total sales:-500 tons..." Sterling opened with sellers at 3.45484 and closed at 3.28/32. 1.E. CHICAGO WHEAT Dollars. opened with sellers at 5.
September 1/2 and closed at 5. 5/8 for Spot-December
May
Prev. Today's High Low Close Close Change 9.24 9.16 9.22 9,19 .03 off
19.54b Closed
Friday's sales:-32.930.000 bushels. CHICAGO CORN
«Bendix" Aviation
Bliss & Co.
Budd M'facturing Corp. Canadian Pacifié N'way Case, J.I
Celanese
Chesapeake & Ohlo Chrysler Corpn.
Columbia Gas & Elec." Commercial Credit Co. Com, & Southern (@rt.) Consolidated Edison Consolidated O!! ... Continental Cari Sentirental Oil
Japan
Paris
Hongkong
-Sterling-
Sellers
Opening Closing 0/3-45/64 0/3-23/32
...... 0/3-45/64 0/3-23732
0/3-11/16 0/3-45/84
LONDON STOCK hal-N'King Rly. 5% 12
EXCHANGE
(REUTÉR'S SERVICE),
London, Aug. 16. The following quotations are thọ middle prices at the close of the market in London. All quotations. are ambject to confirmation and no
-
Beatriz-Enkow: Rly 5%
(Brit. Stpd.) lientein-Pukow. Rly. 5%
(German Stpd)... 8) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan). 8 Tientsin-Pukow Rly. 5%
8.
(Ger. Stpd. Supl, Loan). Jap. 6% Ster. Loan, 1924 264
responsibility is assumed for errors. Ger, 7% Inti: Loan, 1924 5 In, transmission.
War Loan, 31% (Red
after 1962) Janton-Kloon Rly. 5% Chinese, 44% Gold Loan
1898 (Brit. Issue).... 30 Chinese 6% Gold Bonda..
1925-47
Chin, 41% Anglo-French.
Loan, 1908 -Chinese 5% Crisp Loan.
1912
Chinese 5% Reorg, Loan
1913 (Lán. Is.) Chinese 8% 8ter. Noter,
1925 (Vickers),
Crin. Imperial Hly 8%
Loan
Chartered Bank...
Pekin Syndicate
קס
PETROL RATION
DOUBLED
CANBERRA, Aug. 17 (Reuter)- There is good news for motorists in Australia. The petrol ration
is to be doubled, so that private: owners will now have enough for about 80 miles a week.
Goodrich (B.F)
International Harvester
Int Nickel
Libbey-Owens-Ford Glass 37*
-bid.
Vultee Aircraft
DOW JONES ·AVERAGE
Low Dow Jones Averages Aug, 16, High Low Close
1939/40
High
155.92 111.84 30 Industrials
35.90 22:15 20 Rails
97.70 19.03 20 Utilities
Change
191.28
26.17
192.14 181.63 121.90
283026.18
.82 up..
28,27
21,50
21 03 21.30 21.83
.10 up .& ip
87.46
87.52
07-Up
85 67 45.60 11 Commodity Index 48,88
Business Done --110,000 shares
· 32.82 -83.06 40 Bonds
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 & SHANGRIT BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
HEAD OFFICE:
BANK OF EAST ASIA, LIMITED
Authorised. Capital.....$10,000,000.00. Paid-Up Capital Reserve and Undivided
Profits
5,598,600,00
..9,53,281.60
Head Office:-HONG KONG No. 10 Des Voeux Road, Central. Board of Directors:" SIR SHOTSON CHow, Chairman
18, QUEEN'S ROAD, CENTRAL Li Kom Ohn, Esq. Li Lan Sang, Reg
P. K, Kwok, q Wong Chu Son, Eng. Wong In Tong, Esq. Kan Ting Po, Esq. Chan Ching Shaz, Esq, Fung Ping Wah Eag KAN TONG PO, Esq., Chief Manager LI TE FONO, ESQ., Manager
18, PINA STREET,
NEW YORK. An American Bank offering com. plete Foreign Banking Bervice in the principal Markets of the world.
· THE CHARK – NATIONAL New York, with "Bosoticeps of ort U.8.$1,900,000,000.
D. M. BIGGAR,
Second Vice Prr
ob?
WANT ADS
—-INDO-CHINA
An Australian “Home Guard” is
to be formed.
LONDON METALS
EXCHANGE
London; Aug. 18 (Reuter).
Tin. Standard,
Cash, Middie
Tin, Standard, 3 months, Middle Price: £203-7/8.
STEAM NAVIGATION COMPANY LTD,
Operating Bervices for Cargo and Passengers
TO-
́SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA -
SINGAPORE, PENANG and « CALCUTTA
SANDAKAN
HATREONG
All steamers borth alongside the Roosevelt Terminal in," the French Concession at. Shanghai, whore passengers and cargo are lagded
100-3/8 7
E || HK. ✩ Bhai Bank (Lán.
Reg. ni H.K. & Shal Bank (Col
Lleg} Cainese Eng. & Mining
(bearer)...”,
Price, £263-1/8.
62
68.
Chosen Corporation
Woolworths
55/9.
35
Marsman Investments
8/9
shal Elec. Constr. Oo...
Western Holdings
8/3
'S'hal Waterworks "A"
137 20
Sub-Nigel
155.
Shell Trans, &. Trad.
For further particulars
(bearer)... Nat Defence Bonde, 3% 1004 London-Midlands-Scot-."
32/6
please apply to
124
281
འ༢༠
Union Insurance
Gula Kalumpong Rubber 13/0 1-A, Tob. (beater) ...... 12/6 Mercantile Bank - 113 ·| Dunlop Rubber .......... 28/6 Bristol Aeroplane ... 9/101. Imperial Chemical Ind. 25/10 United Steel
· 17
tish, 3%..... Great Western Rail- Nat. Bank of India, 3%
way, 8%
JARDINE MATHESON&Co., TELEPHONE KOJIL GENERAL MANAGER
AUTOY
Bomber
Branches and Agencies:~~
Halphong
Koloos Penang Singapors London-Bargoen Boersbarn. Marilla 95aigon · Bwałow Helbourne Bait Fran- Bydngy Xegiaaks
alvo Tenta New York Bottle
-couver
Ppiping
Strong
Every description of Banking and "Exchange business transacted. Loans
granted on approved securities.
rongie on
Current Accounts epened in Local Currency and Fixed Deposits re- ceived for ONE FERN OF aborter periods in Local and Foreign Cur
terms which will be quoted on application:
BATH LEPOSIT BOXES TO LET
KAN TONG TO,
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 Ching and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities för Domestin and Foreign Banking and Exchange.
Head Offer: SHANGHAI
Hong Kong Branch:
4, QUEEN'S ROAD, C/ South China Offees:
CANTON. SWATOW
KONGMOON TUISHAN
SHIUCHOW KINGCHOW
We also handle the issue of Bonda and other Public Funds" of the ChindaGovernment, both at Home and: Abrund:
BHOU J. CHEN.