Adams Express
Alleghany Steel Co.
Allis Chalmers
300
Aluminium Ltd.
On Singapore:-
Amer. Can
On demand
On Japan:-
On demand
52 3/4
93 1/9
NEW YORK, August 20, 1940.
SINGAPORE RUBBER
Previous
August 20- Close
Opening Closing Change Buyers Buyers
Transfer.
89 1,9
SPOT
37-3/4 37-5/8 37-3/4
unch.
and demand
American Cyanarald B. Amer. & Foreign Power Amer & Foreign $7 pf. Amer. Locomotive Amer. Metals Co.
OCT./DEC.
38-3/8
On New York:-
On Batavia m
Bank Bulls, on demand 20
Credità, ́60 days' sight 23 1/8
The market was very steady. LONDON RUBBER
JAN./MAR..
34 cts.
36-1/4 33-7/8
36-1/8
off, 1/4
Amer. Radiator
33-7/8
off lys
"Amer. Rolling Mill
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 21, 1940.
On London:-
Telegraphic
Transfer,!/2 7/8
Bank Bills, on demand 1/2 7/8
Credits 4 months' sight 1/3 1/2.
On Shanghal:-
On demand
On India:-
Telegraphic
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
AUGUST 21, 1940.
THURSDAY, AUGUST 22, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1855.
£6,500,000 Reserve. Fund
Paid Up Capital..... £3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Chairman
priators
£5,000,000
................£3,000,000 HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2. Sub-Agencies In London:
117/122, Leadenhall Street, E.0.3- West End Branch; 14/16, Cookspur Street, S. 1. Manchester Branch:
3, Mosley Street, Manchester,
AGENCIES AND BRANCHES..
HARBIN
ALOR STAR AMRITSAR
PENANG
HONG KONG RANGOON ILOTLA
Authorised Capital $50,000,000
INDIA, AUSTRALIA AND CHINA
"Reserve Funds:
Sterling
Last Sale
STOCKS
Haserve Liability of
Last Sale
Proprietors
$20,000,000
Aug. 20
Aug. 20
51
Lockheed Aircraft-
244
Head Office-HONG KONG
301
Loew's Inc........
23
291*
Loft Incorperated
201
70*
Mack Truck Inc.
21*
Board of Directors: H. V. Wilkinson, Esq.,
941
Martin, Glen L.
A
201
323
McKesson & Robbins, pfd.
21
Montgomery Ward
40
*14*
M'tain City Copper Co.
121
National Aviation
97
Hon. Mr. J. J. Paterson,
Deputy Chairman. JK. Bousfeld, Esq., A. H. Compton, Esq.,
141
Nat, Dairy Products
131
Hon. Mr. 8. H. Dodwell,
8
National Distillers
201
G. Miskin, Esq...
10
*
National Lead
E S. Morrison, Esq.,
161
MANGKOK
Amer. 'ting and Ring Co.
354
Nat Fower & Light
71*..
T. E. Pearce, Esq.,
SAIGON
BATAVIA
IPOR
FL
Previous close Today's close
Amer. Sugar Redning...
13:
National Supply Corp.
དྷྭ།
Q. O. Boberts, Esq.,
BEREMBAN
BOMBLY
ΚΑΣΑΘΕΙ
SHANGHAI
On demand"
... 41 1/8
"
-On Paris?
SP
buyers 13
buyeri
Change
Amer. Tel, & Tel."....
159
New York Central
119
Hon Mr. A L Shields;
CALOTTIA KLANG
SINGAPOR
12-13716
ou 3716
Amer TobacEO-“B”
74
Niagara" "Hudson Power
Sir Vandeleur M. Grayburn,
Bank Bills, of demand 1085. Credits 4 months' sight 1160
SEPTEMBER. OCT.-DEC.
13
12-13/16
off 3/16
Amer, Waterworks
81
N. American Aviation
163
Chief Hanager: FAILI PLACE
13
12-13/16
off 3/16
Anaconda Copper
191
North American Co.
191
On Baigon:-----
JAN./MARCH
On demand
90-3/4
APRIL-JUNE
-12-3/8
12
12-1/4
off 1/8
Atchison, T. & S. Fe
154
Branches:
Northern Pacific
81
11-7/8
off 1/8
Aviation Corp.
4+
Owens-Illinois Glass Co,...
48*
Amoy
On Manilakan
Baldwin Lecomètive:
14
Pacific Gas & Mee-281*
Bangkok
On demand
On Bangkok:-
On demand
On Sterling Notes:-
44
Market du due to lack of interest.
Baltimore & Onlo
32
Batavia
Johore. Rangoon Kobe Saigon Kowloos San
Packard Motors
31
น
Bank Buying Rate
1/3
Bar Silver per oz.
83,7/18
London
New York
Japan
Paris
Hongkong
Sterling
Opening
0/3-5/8
5-3/8
22-3/4
24
NEW YORK COTTON: The "spot" markets are firm, although
149 1/2 sales are at present only moderate. We favour the purchase of
May and July options on periods of easiness...
Shanghai Exchange
Shanghai, Aug, 21 (Reuter).
Official T.T. Rates
NEW YORK RUBBER: Demand for physicals has been slow, while Eastern offerings are freer, We would be cautious ch any bulges.
CHICAGO WHEAT: Prospects of a hardening of the cash post- tion, as a result of a large quantity of Wheat entering the loan, are in evidence, but the European news is still a major market factor. NEW YORK STOCKS: Previous close, 122.06: Today's close. 123.17: Change, up 1.1
NEW YORK COMMODITY. MARKET (REUTER'S SERVICE)
Barber Asphalt Co.
91*
Bombay
Kuala
Francisco
Pan-American Airways
13
Calcutta'
Barnsdall Ou
.81
Lumpar Shanghai
Paramount Pictures
51
Canton
London
וי
Bendix Aviation
294
Pennsylvania R.R
197
Chefoo
Lyons
Singapore Sourabaya
Bethlehem Steel
74
Philadelphia Read Coal
Colombo
Malacca Sungei
Bliss & Co.
13*
Phillips Petroleum
321
Dairen
Manila
ין
Boeing Airplane Co.
131
Public Service of N.J
35
Foochow
Muar
Borg-Warner
167
Pullman Ine.....
19
Haiphong
·Briggs-Mfg.--...
197
Rankov
Pure Out
Budd M'facturing Corp.
32
Harbig
Radio Corpn. of Am.
41
Moila
Canadian Pacific R'way
31
Reading Company,
Com. 121*
Case, J.L
48
!pob
Penang.
Remington Arms Co., Inc.
43.
Celanese
28
Republic Aviation Corp.
4+*
Chesapeake & Ohlo
371
Republic Steel
169
Chrysler Corpn.
70%
Revere Corp.
81
Columbia Gas & Elec
51
Reynold Tobac, `"B"
341
Commercial Credit Co.
301
Safeway Stores
421
rencies on
Com, & Southern (Ord.)
Schenley Distillers
quoted on application..
St
Consolidated Edison
271
Spot
Aug.
Sept.
Spot
Aug.
5-17/32
Sept........ 6-1/2
Bellers
Opening Closing 0/8-45/84 0/3-15/04
0/3-45/60/3-45/64 0/3-11/16 0/3-11/18 U.8. Dollars
$5-17/32
$5-19/32
5-19/32
New York Cotton. Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, Sept. NEW YORK COTTON
Prev. Today's High Low Close Close Change 9.27 9.20 9.22N 9.26 .04 up 19.55 19.40 19.528 19:54
.02 up 701 68) 684 701
14 up 619 801 601 811 8.00 7.72 7.70 7.98
Sears Roebuck:
78
Consolidated. Of. Continental Can Continental ou
暗
Shell Union Oll
B
37*
Box in various sizes To Lit Hong Kong. 28th February, 1940.
Socony-Vacunum Oil
821
18
Southern Pacific
77
Patani Swałow
(Johore) Tientsin" Mukden-Tokyo- New York Tsingtao Peiping
Yokohama
MBDAN,
SOURABAYA
TAIPING
TIENTS IN
TONGKAR
(Bhuket)
TRINGTAO...
NEW YORK "TOKOHAMA PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
QUIRENT ACœur opened and FIXED DEPOR1TS 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 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 Trustee terma which will be business, and claims recovery of British Income Tax overpaid, on
Also up to date SAFE DEPOSIT terms which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
LONGIS: XQW/ OLATE STREET
MITIAWAN
KUALA
CANTON CAWNPORN
LUMPUR
KUCHING
CMU
MADRAS
COLOMBO
MANILA
DRLH1
HAIPHONG
HAMBURG HANKOW
Copperweld Steel
173
Southern Rly $5.pid.
Curtiss Wright (C.)
7
7 up
Spicer Manufacturing. Co.
Curtiss Wright “A”
241
.28 up
Standard Brands
Deere & Co.
16
Stand Gas & Elec.
Close
Opening
Closme
Change
Distillers Corpn. Seagrams
181*
Standard Oil of California.
5-9/16
Market:-Qulet but steady.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, today March
May was 1/2-1/2d.
The Equalisation rate was 242 July
per cent.
India Rupee Paper
Bombay, Aug. 20 (Reuter). Govt. 31% Rupoe, 89-10-0
Caloutta Exchange
Calcutta, Aug, 230 (Reuter). "TT, on Japan, 81-1/2.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Aug. 20.
The following quotations are thy
middle prices at the close of the
Total sales Monday:--34,100 bales.
NEW YORK RUBBER
January
market in London. All quotations December
are subject to confirmation and no
responsibility is assumed for errors WINNIPEG WHEAT
|Oct^(New_contract)... 9.22 N
December (
Douglas Aircraft
70.
9.20/20
9.26/28
..04 up
Standard Ou of NJ. *...
Du Pont de Nemours
102)
9.19/10
9.16/16
January
{
>
9.10 N
9.05b/08a
9.22/24 9.14n
.03 up
Stone & Webster
Eagle Picher Lead
7*
.04. up
Studebaker Com
{
9.08/08
9.05/05
9.12/12
Eaton Mfg. Co.
281
.04 up
Swift International
Elec, ́Autolite
i
>
8,90/90
8.37/87.
321
8.94/94
.04 up
Technicolor
Elec, Bond & Share
(..)
3.66/67
57
8.65/65
8.73/73
.07 up
Texas Corpn.
Elec. Bond & Share $5 pf., Bi*
¡Spot
9.74 N..
9.78m
04 up
Texes Gulf Sulphur
Elec, Bond & Share 38 pt. 69% Elec. Power & Light $7 pf. 323 FUntkote
Timken-Axle
Trans-America Co.
134
20th Cent. FOX
Gen. American Trans,
444*
Union Bag & Paper Corp.
¡September
December
19,52b
19.15/15
19.40/40 19.30/10
19,54/54
.03 up
'Gen. Electric
324
Union Carbide & Carbon
19.20/20
.05 up
Gen. Motors
447
Union Pacific
19.05 N
ünquoted 19.11n
.08 up
· Gen. Railway Signal ·
11
United Airarniti
March May July
18.85 N 18:68 N unquoted
18.65b/85a
18.93b
08. up
Gen. Tire & Rubber,
102
United Airlines Trans
18.760. unquoted
.08 up
Glidden Co
Goodrich (B.F.)
12*
United Corpn.
111
United Corpn. $3 um pl. 351
Total sales:-620 tons.
Goodrich $5 pf.
497
United Gas Corpn.
Goodyear Tire & Co.
146
United Gas-Improvement
CHICAGO WHEAT
Great Northern Iron Ore
137
U.S., Industrual 'Alcohol. ..
Great Northern Rly, pfd.
221
September
December May
681/687 701/708 709/702 712/718
681/681
70/701 724/721
1 up
US. Rubber ...
Great Western Buger
**
194
12 up
US. Rubber $8 prd,
Greyhound Corpn.
104
731/738
U.S. Steel
up
Hercules Powder Co-
B01
Vanadium
Monday's sales:-10,808,000 bushels,
International Harvester
394*
Vultée Aircraft
CHICAGO "CORN..
Int Nickel
231
Walworth Co.
Inter. Paper & Power
147
Warner Bros. Pict.
September
80/001 601/602 541/541
452/541
621/611 551/551
up
Int. Tel & Tel
27
Westinghouse Elec.
up
Kennecott Copper
201"
Woodward Iron Cor.
Lakey Foundry & Mac. ........ Libbey-Owens-Ford Glass 371
31*
in transmission.
Chase" National Bank National City "Bánk
R
October
7320
7312
December
74ja
War Loan. 31%
(Red
738/731 7480
unch.
bid.
mer dir.
after 1952) Janton-Kloon Rly. 5% 7
100%
Chinese 41% Gold Loan
NEW YORK HIDES
September
1898 (Brit. Issue)
30
December
7.70/74 7.72/77 7.88/90
7.98/98 8.00/7.94 8.18/16
.28 up .28 up
1938/40
Chinese 5% Gold Bonds.
1925-47
35
Chin, 41% Anglo-French
Loan, 1908
Total sales for the day:-245 lots New York Official
NY-London Cross Rate 4.01-1/2
High Low Dow Jones Averages 155.2 11184 30 Industriala
34-3/4
34-3/4. 4,03
35.90 22.1520 Rails
27.70 1403 20 Utilities
22.22 8308 40 Bonda
192.08
28.31
31.64
87,55
44
Chinese 6% Crisp Loan.
*1912
12
Chinese 5% Reorg. Loan
1913 (Lan. Is.)
LONDON GOLD
18
Chinese 8% Ster. Notes,
1925 (Vickers)
9
London, Aug. 20 (Reuter). Bar Gold. Fine per oz, 168/-
"Chim." "Imperial Rhy, 0%
Loan
38*
Honan Rly, 5%
Bukuang Fly, 5%, 1911....
Chosen Corporation
P. N/Y Issue)
12
Pekin Syndicate
Bukuang Rly. 5%. 1911
s'hat Elec. Constr. Co.
15.
Spot, 23-7/164.
(German Issue)
11
S'hal Waterworks "A""
131
Lung. Taing & U. Hal
Riy: 5% 1913
Union Insurance
20
B
Gula Kalumpeng Rubber
C'hai-N'King Rly. 5%
12
B.-A. Tob. (bearer)
13/8 74/44
Tientsin-Pakow Rly. 5%
Mercantile Bank
11
(Brit. Stpd.) maramda 8 Tientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pukow Rly.. 5%
Brit. Stpd. Supl, Loan) 8 Tlentsin-Pukow Rly, 5%
(Ger. Stpd. Bupl Loan) 8 Jap. 6% Ster. Loan, 1924 28
Dunlop Rubber ...........
Bristol Aeroplane
8
Woolworths.
Markman Investments
29 9/7 Imperial Chemical Ind. 25/8 United Steel
18/8 50/10/ 8/9
Western Holdings Bub-Nigel
9
155
'Ger, % Intl. Loan, 1924
5
Shell Trans, & Trid.
Chartered Bank
(Dearer)
32/6
·ER & B'hal Bank (Lda
Reg..
621
Nat Defence Bonds, 3% 100% London-Midlands-Boot-
BK & Shai Bank (Col
.Tleg) Chinese Eng. Mining
(bearer)
tish, 3%
12
Tin,
16
Great Western Rail- Nat. Bank of India. 3%
way, 30%
Prico,
249
SILVER MARKET
LONDON SILVER London-Aug-20-(Reuter).
Silver: Trifting speculative “for- ward" buying. Market quiet, but steady. In the afternoon, the market was quietly steady.
Forward, 22-15/10d.
BOMBAY SILVER
Bombay, Aug. 20 (Reuter), Market Steady. Offtake 50 bars. Indian Mhat Bliver Aug. 28 Settlement. 63-04 Sept. 25 Settlement...... 63-04 Ready
63-04
LONDON METALS
EXCHANGE
London, Aug 20 (Reuter),
Standard, Cash, Middle 261-5/8
Tin, Standard, 3 months, Middle Price, £282-1/8
DOW JONES, AVERAGE,
Aug. 91, 1940.
Ang. 19, High" "Low Close Change
123.47 122.62. 123.17 1.11 up
20.09 26.34 28 68
...27 up 21.71.63 21.820% off 87.79.17.up 49.41 87 up Business Done -240,000 shares
65-67 45.59 11 Commodity Index 48.74
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. "Rules may be obtain- ed our application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb., 1839.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering. com pleta Foreign Banking Servio in the principal Markets of thr world. Interest Rates oa. Application.
This Bank is entirely owned by
THI CHASE NATIONAL BANK New York, with Besources of onl 1.5.$4,900,000,000,
"
BANK OF EAST ASIA, LIMITED
Authorized Capital...$10,000,000.0 Paid-Up Capital..... 5,596,600.00 Reserve and Undivided
'Profita
‚2,933,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Director: SIR SHOVEON Chow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Che Son, Est. Wong Tun Tang, Esq. Kan Ying Po, Eag Chan Ching Shok, Esq. Fung Ping Wah Baq KAN TONG PO, Esq., Chief Manager Li Ta Fone, Eao, Manager
Baberia
Brancher and Agencies:--
Koloca Pang Tandon Bangoon
Bombay Manila Balgon
Malbenres San Frxu- Bydney Nagaraka
Poiplog
Bemarang Shanghai
Every description of Banking and Exchange business transacted. LoRas granted on approved securities... :D. M. BIGGAR,
Second Vice Pre-Currency and Fixed Deposita re- Current Accounts opened in Local ceived for one
A Job
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA SANDAKAN
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. TELEPHONE ZOSILO GENERAL MANAGERS
·year, or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on spplication.
SAT EXPOSIT Boxes To LET.
KAN TONG PO,
Ohief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS ANTEN INTERNATIONAL EXCHANGE-
BANKE
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our humerous 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, C. South China Offices;
CANTON SWATOW SHIUOHOW
KONGMOON TUISHAN KINGOHOW
We also handle the issue of Bonds and other Fablis Funds of the Chinees Government both at Hams and Abroad.
SHOU J, CHEN,
172
251*
14
178
331
71
73
181
91*
351
31
22+
44
51
117
.83
82
352
15+
13
11
117
178:
Amoy
181
Singapore
Bourkbays
.80
80
SAFE DEPOSIT BOXES
Hankow
30+
7+
Dalmatia Haiphong
Now Tork Basitla
soo Kentáln
ZOLTES
Honelala
Farts
SLODE
37
21
96
281
Managir
1