Alleghany Steel Co.
Allis Chalmers
300
Aluminium Ltd, or my
68.3/4
Amer. Can
On Japan:...
American Cyanamid B.
SINGAPORE RUBBER
On demand
94 1/2
Amer. & Foreign Power
On India:-
Amer& Foreign $7 pf.
Telegraphic
Transter.
Amer. Locomotive
SPOT
OCT./DEC.
JAN./MAR.
37-5/8 37-1/2 37-5/8 36-1/4 36-1/8 38-1/8 34
33-7/8 33-8/4
unch. off 1/8 off 1/4
and demand
82 1/3
Amer. Metals Co.
On New York:-
Amer. Radiator
The market was quiet. LONDON RUBBER
Bank Bills, on demand 2o 1/4 Credits, 60 days' sight 23 6/16
Amer. Rolling Mill
Amer. Sting and Ring Co.
PAGE 10-HONGKONG DAILY PRESS
FINANCE.
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
#
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET: REVIEW
(FROM PAYNE & CO.)
NEW YORK, August 17, 1940.
Previous
August 17
Close Opening Closing Change Buyers Buyers
MONEY AND EXCHANGE
CLOSING QUOTATIONS.
AUGUST 19, 1940,
On London:
Telegraphic Transfer. :/à 7/8. Bank Bills, en demand 1/2 7/8 Credits 4 months' aight 1/3 1/3 On Shanghai:-
On-demand
On Singapore:-
On demand
NEW YORK STOCK EXCHANGE
STOCKS
Adams. Express
QUOTATION
(REUTER'S SERVICE)
AUGUST 18, 1940.
STO
TUESDAY, AUGUST 20, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
:
INDIA, AUSTRALIA AND CHINA
Authorised Capital..... 850,000,000
--
Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 1858
Reserve Funds; Sterling
Paid-Up-Capital £9,000,000 £6,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
£0,000,000
priators
HEAD OFFICE: LONDON:
....£3,000,000:
Chairmas.
Hon. Mr. J. J. Paterson,
Deputy Chairman.
38, Bishopagate E.C.L
Sub-Arenales In London:
117/199, Leadenhall Street, E.CL.3. West End Branch: 14/18, Cockapur Street, S.W 1.
"Manchester Branch:
52, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES ALOR STAN .HARBIN.. AMRITSAR HONG KONG, MANGOON BANGKOK BATAVIA
Last Sale
Beserve Liability of
Last Sale
- Proprietors
$90,000,000
Aug. 17
Aug. 17
.5*
Lockheed Aircraft
233
197
Loev's. Inc.
23
291
Loft Incorperated
"201
Head OmeoHONG KONG
Board of Directors:
70,"
Mack Truck Inc.
20
H. V. Wilkinson, Esq.,
93
Martin, Glen L
281
321
McKesson & Robbins, pid. 201*
1
Montgomery Ward
39
14"
Mtath City Copper Co.
22
*121*
National Aviation:
91*
J. K. Bousfeld, Esq., .A. H. Compton, Esq.,
*141*
Mat. Dairy Producta
13+
Hon. Mr. S. EL Dodwell,
53
National Distillera
204
G. Miskin, Esq.,
PENAN
101*
National Lead ......
16":
K. S. Morrison, Esq.,
344
T. E. Pearce, Esq.,
Nat, Power & Light
ཏྭཱཏྟཱ
ILOILO 1POK
BAIGON
BEREMBAN
Previous close Today's close
On Batavia:
Amer. Sugar Refining
127*
National Supply Corp.
0.0. Roberta, Esq.,
BOMBAY
51
SPOT?
SEPTEMBER
OCT,-DEC.
JAN./MARCH
APRIL-JUNE
buyers
13
B. 13
' '
13 12-3/8
12
buyers
Change
On demanda
#7 5/8
On Paris:-
Bank Bills, on demand 1086 Credits 4 months' sight 1160
Market closed
On Saigon:-
Amer. Tel & Tel Amer. Tobacco "B" Amez:Waterworks Anaconda Copper
Atchison, T. & 8. Fe
150
Hoa-Mr. L. Shields,
CALCUTTA
New York Central
101
73*
Niagara Hudson Power
Sir Vandeleur M. Grayburn,
8
N.. American Aviation
151
Chief Manager, FAIRLIN PLACK
KARIUSI KLANO AGENCIES: KOR CETE-STREET
SHANGHAI
SINGAPORE
ZITIAWAN
KUALA
SQUBABAYA
193
CANTORJU
LUMPUR
TAIPING
North American Co.
18
Branches:
.....144
CAWNPORE
KUCHING
TIENTHIN
Northern Pacific
61
On demand
96.3/4
Aviation Corp.
on Manila:-
On demand
Bank Buying Rate Bar Silver per on
December ( }
New York Cotton, Oct: ...... 9.24
High Low 0.16
New York Rubber, Sept.
Chicago Wheat, Sept.
691
Chicago Corn, Bept
BOL 60
Prev. Today's
Close 9.22 18,54b 637 68
601
New York Hides, Sept.
8.05.
NEW YORK COTTON Oct. (New contract)
Close 922/23"
9.18/18
Opening 9.24/24 9.19/20
Closing 9.19/20 9.15/15
J
Change -.03 off- ...03. OI
January
)
9.09 N
9.18b
9.95n
T
.04 off
March
4
34
>
0.07/00
9.09/09
9,03/04
May
{
}
8.89/89
8.89/80
8.85/85
+
July
)
8.70/70
6.67b/72a
8.65/65
Brot
9.72 N
971
04. off .04 off .05 oft 01 Óf
よし
Total sales Friday:— 44,800 bales.
NEW YORK RUBBER"
September
December
January
March
May
July
19.54b/55a
19.20/20
19.15. N
CLOSED
19.03 N
......... 18.88 N
unquoted
Total sales: 600 tons.
701/701
Fridays sales:-32,930,000 bushels.
CHICAGO WHEAT
September
December
Maj
I
CHICAGO COEN
September
December
601/608 60/60 541/544 548/541
601/80% 563/540
up
unch,
WINNIPEG WHEAT
October
738/731. 733/738
December
744a
738a 741a
unch. unch.
NEW YORK HIDES
September
8.05/05
CLOSED
December
8,22/23
New York Oficial :
34-374
unquoted
4.00
681/681 892/70
694/691 717714 -712/72
Z up
up
NEW YORK COTTON, There was some hedge-selling and trade demand was less urgent. The weekly weather
forecast indicates fair conditions. There was moderate buying by the Far East on the scale down.
NEW YORK RUBBER: Market closed.
CHICAGO WHEAT: The market opened lower on commission house selling. The subsequent rally was the result of short-covering
On Bangkok:
On demand
On Sterling Notes:-
and buying by a broker who usually acts for mill Interests Other Market Report
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)
NY-London Cross Rate 4,02
Close Change
0,19 .03 aff Closed
FROM ROZA BROS. `. Silver prices were unchanged over the week-end, the quotations remaining at 23.1/2 for, Ready and 22.15/16 Forward, American 30- ver was unquoted.
The London/New York cross- rate was quoted at 402.1/2, New York/London was quoted at 400.
691 i up!" 601
up Closed
LONDON STOCK EXCHANGE
Quiet.
MARKET
STERLING
No business was reported. There were 'sellers. at 1/2.31/32 up to November, buyers at 1/3 for any delivery....
- U.S. DOLLARS Opened with sellers at 22.11/18, buyers bidding 22.13/16. Subse quently the buying rate gradually receded and a small business was done at 22.11/16 and also 22.5/8 for near. The market closed with sellers at 229/16 for rear, buyers at 22.11/18 for Cash.
SHANGHAI DOLLARS Opened with sellers at 401. Súð sequently the market. dropped to 400. The market closed with sell- ers at 402,"buyers at 402.1/4.
SHANGHAI MARKET
Sterling opened with sellers at 3.23/32 and closed a shade easier with sellers at 3.45/84 for Spot. upU.S. Dollars opened with sellers
(BRUTER'S SERVICE) London, Aug, 16. lientsin-Pukow Rly, 5%
(German. Styd.). ................... The following quotations are the 'middlō prices at the close of the Tientsin-Pukow Rly. 5%
market in London. All quotations (Brif. Stpd. Bupl. Loan) 8 are subject to confirmation and no Tientsin-Pukow Rly. 8%. responsibility is assumed for errors) (Ger. Stpd. Supl. Loan) 8 În transmission.
Jan. 6% Ster Loän 1924 36! Ger. 7% Intl. Loan, 1924 5 Chartered Bank
6-9/18 -HX. Shai Bank (Ldn.
War Loan, 31% (Red
R
after 1962) iunie. · 100-3/8 Janton-Koon Rly 8% 7. Chinese 41% Gold Loan
1898 (Brit. Issue Chinese $% Göld Bonds,
1925-4T ...................... `Chin," 41% Anglo-French)
Loan, 1908. Chinese 6% Crisp Loan, 1932....besedno
at 5.5/8 and closed at 5.19/32 for Spot.
AFTERNOON MARKET
**QuietTM
STERLING
The market closed with sellers as 1/2.31/32 up to November, buy- ers at 1/3 for any delivery.
U.S. DOLLARS
A small business was done at 221/2 for August delivery. The market closed with sellers at 22, 7/16 for near, buyers at 23.1/2 for Cash,
SHANGHAI “DOLLARS Closed with sellers at 403.
"SHANGHAT-MARKET
Sterling closed with sellers at 34/504 and US. Dollars at 5.9/18 for Spot,
Shanghai Exchange
Shanghal, Aug, 19 (Reuter).
Official TT. Rates
London
Opening
Du Pont de Nemours Eagle Ficher Lead Eaton Mfg. Co....... Elec. Autolite"
Elec. Bond & Share
Gen Tire & Rubber Glidden Ca, Goodrich (BE) Goodrich $5 pf; -.-.-
Int. Tel & Tel
Kenmecott. Copper... Lakey Foundry & Mac. Libbey-Owens-Ford
1939/40
DOW JONES AVERAGE
High Low Dow Jones Averages Aug. 16, High Low Close
Baldwin Lecometive
44 1/2
Baltimore,
Ohio:
Barber Asphalt c
149 1/2
Barnsdall Q
Bendix Ariation
1/5
Bethlehem Steel
23 1/2
Bliss & Co..............
-Boeing Airplane Co.
#Borg-Warner-
Briggs Mfg.
Budd M'facturing Corp.
Canadian Pacific R'way
Case, JI...
Celanese
Chesapeake & Ohio Chrysler Corpn.
Columbia Gas & Elec.
Commercial Credit Co Com, & Southern (Ord.)
Consolidated. Edison Consolidated Ou
Continental Can
Continental Oil
Copperweld Steel.
Curtiss Wright (C)
Curtis Wright "A" Deere & Co.
Distillers Corpn. Seagrams 16"
Douglas Aircraft.
Elec. Band & Share $5 pt.
Elec, Bond & Share $6 pf.
Elec, Power & Light 37 pf. Flintkote
Gen. American Trans...
Gen. Electric
Gen. Motors me
Gen. Railway Signal
Goodyear Tire & Co.
Great Northern Iron Ore
·Great Northern Rly, pid.
Great Western; Sugar
Greyhound Corpn...
Hercules Powder Co,.......
International Harvester
int Nickel
Inter. Paper & Power
156.92 111.84 30 Industriala
35.90 22.15 20 Rails.
$7.70 18 03:20 Utilities
02:22 83.06 40 Bonds
New York
Japan Paris
Hongkong
0/3-45/0 0/3-45/64.
0/3-11/13 0/3-11/16-
U.S. Dollars
$5-5/8
5-5/8
$5-9/16
5-9/18 8-17/32
Haiphong(Johore) Tientsia
Mukden Tokyo
Penang
HAMBURG HANKO
NEW YORK PIIPING
(Peking)
(Bhuket)
THINGTAO TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT. ACC0DFTS opened and FIXED DEPOSIT received for One. Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with CURRENT ACCOUNTS, opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED Davourrs on application, received for one year or shorter periods in Local and other Car rencies on terms which will be
quoted on application.
Atso up to date SATS DEPOSIT Boxes in various sizes To Lat. Hong Kong, 28th February. 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules may be obtain ad en application."
For the HONGKONG & SHANGHAL BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1909..
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering-com- plete Foreign Banking Servic in the principal Markets of the * world.
Interest Rates on Application
SAFE" DEPOSIT BOXES
This Bank is entirely owned by TRON CHA皞 NATIONAL BANK.
NEW YORK, with Besources of or
U.S.$2,900,000,000.
D. M. BIGGAR,
Second Fice Pro
D?
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Pazasugere
SWATÓW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
0/3-5/8
5-3/8
22-3/4
Reg.)
EE & Shai Bank (Col.
20N 24
30
Reg)
aterlinis
Chinese Eng. & Mining
(bearer)
16.
Bellers" Opening Closing
TÖZ
Chasen, Corporation...
4
Spot
0/3-45/64 0/3-45/64
Pekin Syndicate.
2.
Aug.
Bhai Elec. Constr. Co.
18.
Sept.....
12
S'hat Waterworks "A"
131
Chinese 5% Reorg, Loan
1913 (Lan. Is.) Chinese 8% Ster. Notes,
1925 (Vickerz)
Union, Insurance
20.
Spot
Guia Kalimpong Rubber
13/0
Augi
Z
B-A. Tob. (bearer)
72/6
Sept.
9
Mercantile Bank
114
Chin Imperial Hly 5%%
Dunlop Rubber
28/0
Bristol Aeroplane
9/101
Honan Ray, 546. ............ Hukuang Ely 5% 1011
(LE. M/Y Issue) bare 12 Riruang Rly, 5% 1011
(German Izaue)
Lung Tsing & U. Hal-
Riy: 59% 1919 mars 19135 E'hai-N'King Kly, 5% ... 12 Tentsin-Pukow Rly. 5%
(Brit, Stpd.)
Imperial Chemical Ind. 25/10
United Steel
17
Woolworths
55/0
Maraman Investments
8/9
11′′
Western Holdings.
8/3
Sub-Nigel
155
Shall Trans... Trad. Theater) ... Nat Defence Bonds, 3% 1002 London-Midlands-Boot-
32/6
5-19/32
Market:-Inclined to be easy.
Silver Duty Hats
The Central Bank of China's rate on London at 10 am, today was 1/2-1/24,
The Equalisation rate was 241 per cent.
tish, 8%
121
Great Western Rail- Nat, Bank of India, 8% 281
way, 3% Domes
25
BANDAKAN
HAIPHONG
All steamera berth alongside the Roosevelt Terminsi in the French Concession at Shanghai, where passengers and cargo are landed.......
For further particulars
please apply to-
ÄRDINE MATHESON&Co. LTD. TELEPHONE. SOJIL- GENERAL MANAGERS
The Bank's Head Office in London undertakes Executor and Trustes 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.
BANK OF EAST ASIA, LIMITED
5,588,600.00
Authorised Capital.....$10,000,000,00 Paid-Up Capital Reserve and Undivided
Profits
......2,383,281.50
Head Offfee-HONG KONG.; No. 10 Des Voeux Road, Central. Board of Directors; BIB SEONSON. Chow, Chairman LI Koon Chun, Esq. Li Lan Sang, Beg. F. K. Kwok. Esq., Wong Chn Son, Daq, Wong-Jun Tong, Esq. Kan Ting Po, Chan Chlag Sbar, Beg, Fans Fine Wah Bag KAN TONG PO, Esq., Chief Manager Le Tax Foxo, Esq., Manayer
Amby Bati
Branches and Agencies:--
రా London
Bombay Manila
Calen
Haiphong Bankow
Honolulu Kote
Melbourne
New York Pazi
Petping
Panana Hingapore Rangoon Bouznanya Balgon Bwsbow Ben Fred. Sydney
Polsos Fantaca Beatifu.
CONVER
Bemarang
Shangha
Every-description of Banking and Exchange business transacted. Loans 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 terms which will be quoted on application.
BAFE CEPOSIT BOXES TO LETA
FANDTONG, PO,
Chief Manager...
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANKong, 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 Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI
Hong Kong Branch:
4, QUEEN'S ROAD, 0. South China Offices:
CANTON
SWATOW BHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Publis Funds of the Chinese Government both at Home and Abroad.
SHOU" J. CHEN,
Manager
A...
Owens-Minols Glass Co.***
$74
Amoy
Johore
141
Pacific Gas & Elec
Bangkok
Kobe
28:"
31
Batavia
Kowloon
Rangoon Saigon San
CEBU
MADRAS
TONGEAR
DOLOMBO
MANILA
DELI
MEDAN
Packard Motors
31
91*
Bombay. Kuals
Francisco BAIPHONG
Pan-American Airways
13
Calcutta
8
Lumpur
Shanghai
Paramount Pictures
Canton London
28
Pennsylvania RR.
194
741
Chefoo Lyons
Philadelphia Read, Coal
1*
Colombo
Malacos
Singapore Sourabaya Sungei
134
Phillips Petroleum
32
Dairen
Manila
13"
Public Service of NJ....
342
Foochow
Mubr
Patani Swatow
15.
Pullman Inc.
181
184
Roakow
Pure Oll
74
32
Harbin
Radio Corpn. of., Am....
48
Iloilo
2.
New York
Peiping
Tsingtao Yokohama
481*
Reading Company, Com
121*
Ipob
Remington Arms Co., Inc.
41*
271
Republic. Aviation Corp...i
4+
36
Republic Steel
16
691
Revere Corp.
g+
54
Reynold Tobac. "B"
331
301
Safeway Stores
41
11
28*
Schenley Distillers
-91*
Sears Roebuck
751
Shell Drilon Oil
8*
301*
Bocony-Vacunum Oll-
171
Southern Pacific
7#
183*
Southern Rly $5 pid.
164*
62
1.
Spicer Manufacturing Co.
261
234
Standard. Brands
6.
15:
Stand Gas & Elec..
1+
Standard Où of California
871*
1501
Standard. On of NJ.
Stone Webster
7*
Studebaker Com
281
Swift International
#163
*32
Technicolor
91**
51
Texas Corpn.
341
601*
Texes Gulf Sulphur
301
70
Timken-Axle
221
324
Trans-América Ca... 41.
13
20th Cent. Fox,
54*
452
321
Union Bag & Paper Corp. 118* Union Carbide & Carbon ̧ 661*
45
Union Pacific,
82
11
United Aircraft
347
304
United Airlines Trans
141
-12*
United Corpn;
17
101
United Corpn. $3 cum pf. 341
.49*
United Gas Corpn..
11"
· 144
United Gas Improvement
114
13)
U.S., Industrual Alcohol.
174
218
D.8.' Rubber
172
191*
US. Rubber $8 pid.
-80*
10
U.S. Steel
51
Kaks
801
Vanadium
291
392
Vultes Aircraft
7*
228
Walworth Co.
32.
142
Warner Bros. Pict.
24
21
Westinghouse Mec,
944
25%
Woodward Iron Cor.
25*
31
Chase National Bank
28)
Glass 37*
National City Bank
221*
bid.
i-ex. div.
Aug, 18, 1940,
Change
121.28
12216 191.63 121.90
82 up
26.17
21.00
26.30 20.18 28.37 21.83 21.06.21.63
.10 up
13 up
· 67.45.
4.
87.5%
.07 up
66 67 45.59 11 Commodity Indor 48,85
Business Done --110,000 shares