Adams Express
£
Alleghany Steel Co.
Allis Chalmers
Aluminium Ltd.
Janton-Kloon Rly. 5%
-101 7
Amer. Can
NEW YORK, August 22, 1940.
American Cyanamid B.
Chinese 41% Gold Loan
1898 (Brit. Issue)...... Chinese 5% Gold Bonds,
1925-47
30
SINGAPORE RUBBER
Previous August 22
Close Opening Closing Buyers Buyers
Amer. Foreign Power ...
Change
Amer & Foreign $7 pf.
Amer. Locomotive
35
Chin. 41% Anglo-French
SPOT
37.1/2 37-3/8
Loan, 1908
44
OCT./DEC:
Chinese 5% Crisp Loan,
JAN./MAR..
37-1/2 36-1/2 36-3/8 36-1/2 -34-1/4 34-1/8 34-1/2
unch. unch. up 1/4
Amer, Metals Co.
Amer. Radiator ....
Amer. Rolling Mill
1912
.12
The market was dull,
Amer. B'ting and Ring Co.
Amer. Sugar Refining
Chinese 5% Reorg. Loan
1913 (Ldn. Is.)
LONDON RUBBER
Previous close Today's close
Amer. Tel, & Tel
18
buyers
buyers
Change
Amer-Tobacce="B÷
Chinese 8 Ster. Notes,
SPOT.....
12-3/4
12-5/8
off 1/8
1925 (Vlekers).
SEPTEMBER
−1·2-374-
12-578
Chin. Imperial Rly. 5%
OCT.-DEC.
12-11/16
Loan
38
JAN./MARCH
Honan Ry, 5%
9
APRIL-JUNE
12-1/8 11-13/18
12-9/16 .:12
11-3/4
off 1/16
Amer, Waterworks - Anaconda Copper "Atchison, T. & S. Fe.
Aviation Corp.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, August 22. The following quotations are the, middle prices at the close of the market in London. All quotations are subject to confrmation and no responsibility is assumed for errors In transmission.
War Loan, 34% (Red
after 1952)
PAYNE & CO.
!!
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET. REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION -
(REUTER'S SERVICE)
AUGUST 23, 1940.
SATURDAY, AUGUST 24, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA "AND CHINA
Issued & Fully Paid-Up 850,000,000 | Incorporated by Royal Charter, 1859
Reserve Funda:
Paid-Up Capital £8,500,000 Reserve Fund
£3,000,000 ..::£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Lisbility of Fro- Reserve Tability of
prietors
£3,000,000 HEAD OFFICE: LONDON:
Chairman.
38, Bishopsgate E.0.2. Sub-Agencles In Lendon: 117/122, Leadenhall Street, E.C.3 West End Branch: 14/18, Cockspur Street, 8.W 1 Manchester Branch:
52, Mosley Street, Manchester, R AGENCIES AND BRANCHES:
ALOR STAB AMRITSAR BANGKOK
BATAVIA BOMBAY
CALOUTTA
HARBIN BONA KONG ILOILO IFON
PENANG
MANGOON BATCON
SEBIMBAN
TARACH!
SHANGHAI
SINGAPOR
SITIAWAN
SOULABATA
KLANG
AGENCLES: KORE
"CEIVE SIRKEY" KUALA
FAIL PLACE
—————-LUMPUR-- - TAIPINO-—~~
Sterling......
"Last Sale -
STOCKS
Last Sale
Proprietors
$90,000,000
Aug. 22
Aug. 22
47
Lockheed Aircraft
261
Head Office:-HONG KONG
214
Loew's Ine.
24
32
Loft Incorperated
211
75
Mack Truck Inc.
214
"Board of Directors: H. V. Wilkinson, Esq.,
94*
Martin, Glen L.
307
333
McKesson & Robbins, pfd. 21′′
Hon. Mr. J. J. Paterson,
it
Montgomery Ward
42
Deputy Chairman.
151
M'tain City Copper Co.
31
J. E. Bousfeld, Esq.,
13
National Aviation
10
A. H. Compton, Esq.,
147*
|Nat. Dairy Products
13
Hon. Mr. 8. H. Dodwell,
61
National Distillers........ 201
G. Miskin, Esq.,
103
National Lead
K. S. Morrison, Esq.,
178
T. E. Pearce, Esq.,
373
Nat, Fower & Light
8
C. O. Roberts, Esq.,
13
National Supply Corp.
51
Hon. Mr. A. L Shields,
1804
New York Central
118
744
Negara-Budson Power
B
N. American Aviation.
167
Sir Vandeleur M. Grayburn,
Chief Manager.
CANTON
204
North American Co.
19
Branches:
CAWNPORE
KUCHING
151.
Northern Pacific „
MADRAS
41
| Owens-Illinois Glass Co. ..
50
Amoy
Johore"
Baldwin Lecometive
15
|Pacific Gas & Elec.
281
Bangkok
Kobe
Rangoon Saigon
་་་
COLOMBO
MANILA
DELUL
MATAN
TIENTALK
TONGKAH
(Bhuket)
TAINOTAQ
Bukuang Rly 5% 1911
(LP, NY. Issue)
"Batavia
Kowloon "SAT
"12
The market was dull.
Baltimore & Ohio
3+
Packard. Motors
33
Bombay
Kuala
Francisco
Hukuang Rly. 5%. -1911
German Issue)
Lung Tsing & U. Hai
NEW YORK COTTON: There was moderate hedging today and further de- demand was small, with interest generally awaiting velopments in Washington,
Barber Asphalt Co. Barnsdall Ou
91
Pan-American Airways
137
Calcutta Lumpur
Shanghai--
8
Paramount Pictures
51
Canton
London
Singapore
Bendix Aviation
301
Pennsylvania. R.R.
20
Chefoo
Lyons
Sourabaya
Rly. 5% 1913
8
S'hai-N'King Rly. 5% ...
12
Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Tientsin-Pukow Rly 5%
8
(German Stpd.).... Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl, Loan)
8
the the easiness of NEW YORK RUBBER: Prices reflected primary markets and local hedge-selling against shipment purchases, CHICAGO WHEAT: The substaining influence of the loan is be- ginning to make self felt and this should result in an irregularly gardening trend. We would accumulate on dips.
Bethlehem Steel
781
Philadelphia Read, Coal
Colombe
-Malacca
Sungei
Bliss & Co.
131
Phillips Petroleum
32
Dairen
Manila
Boeing Airplane Co.
14
Public Service of -NJ.
342
Foochow Muar
Borg-Warner
173
Pullman The....
191
Briggs Mig.
Bankow
Mukden
201
Tokyo
Pure Of
71..
Harbin
New York
Budd M'facturing Corp.
31.
Radio Ocrpn. of Am.
44
NEW YORK STOCKS;
Previous close. 125.07; Today's close,
Iloilo
Tsingtao Yokohama
Canadian Pacific R'way
32
Reading Company,
Com
134-
8
126.46; Change, up 1.39.
Case, FL
491
Remington Arms Co., Inc.
44*
Celanese
1.29
Republic Aviation Corp.
41
Tientsin-Pukow Fly. 5% (Ger. Stpd. Supl. Loan)
Chesapeake & Ohlo
304
B
Jap. 8% Ster.. Loan, 1924 30
Ger. T% Intl Loan, 1824 5 Chartered Bank'
6
EK, & S'hai Bank (Ldn
Reg.
621
H.K. & S'hal Bank (Cal.
New York Cotton. Oct.
New York Rubber, Sept.
Regi
681
Chinese Eng. & Mining
Chicago Wheat, Sept.
71
· 70%
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Frev... Today's High Low Close Close Change 9.29 9.24 9.28 9.24 .04. off 19.45 19.40 19.50 19.44b .08 off
Continental Can.....
Continental Oil
Repubila Steel
171
Chrysler Corpn..
74
Revere Corp...a
91
Columbia-Gas"&-Eleò,
-52
Reynold-Tobat. "B
-35
Commercial Credit Go......
312
Safeway Stores
44
Com, & Southern (Ord.)
11
Schenley Distillers
91
Consolidated Edison
28+
Sears Roebuck
79
Consolidated ou
6
Shell Union Oll
ᏰᏗ .
381
Socony-Vacunum O
83"
(bearer)
16
Chicago Com, Sept.
61
Chosen Corporationi
4
New York Eldes, Sept.....***
8.25
GOR 7.95
701 61
..70$ 601
up
184
Southern Pacific
$1
off
Copperweld Steel
181
Southern Rly $5 pfd.
181
8.07ь 8.21
.14' up
Curtiss Wright (C.)
71
Spider Manufacturing Co. 28*
Pekin Syndicate
2
S'hal Bec. Constr. Col....
15
S'hal Waterworks "A"
13!
NEW YORK COTTON. Close Oct. (New contract)... 9.28/28 December (
Opening
Closing
Change
Curtiss Wright “A”
26
Standard Brands
9.29/28
9.24/24
.:04 of
Deere & Co.
157
Stand Gas & Elec.
9.23/28
9.26/26
Union Insurance
20
Gula Kalumpong Rubber
13/0
January March
}
9.19 N
2.19/19
9.22/24 9.14n
.06 off
Distillers Corpn. Seagrams
174.
Standard Oll of Californila 174
.05 off
Douglas Aircraft
71
Standard Oll of NJ,
341
Da Pont de Nemours
1671
(
:)
9.18/18
9.18/17
9.13/13
.05 off
Stone & Webster...
71.
B-A. Tob, (bearer)
78/11
May
(..)
9.01/01
Mercantile Bank
111
י
July
}
8.81/81
9.00b/01a 8.80/80
Dunlop Rubber
28/9
Spot
9.78 N
8.95/95 8.75n 9.74n
.06 off
Eagle Picher Lead
84-
Studebaker Com.
.06 off
Eaton Mfg. Co.
301
Swift International
.04 off
Elec. Autolite
34
Technicolor
"10*
Elec. Bond & Share..
6
Bristol Aeroplane
9/3
Total sales Wednesday:-35,100 bales.
Texas Corpn.
354
Imperial Chemical Ind. 25/10)..
Elec. Bond & Share $5 pf.
63
Texes Guir Sulphur
314
United Steel ...
17
NEW YORK RUBBER
Elec Bond & Share $6 pf.
714 »
| Timken-Axle
234
Woolworths".
*58
September
29.50/51
19.40b/60a
*
Marsman Investments.
8/9
December
19:15b/199-1915/16
Western Holdings
9/3
January
19.07 N
Sub-Nigel
157'6
March
Shell Trans, M Trad.
May
bearer)
33/14
July
unquoted 18.93b/98 18.85b/95a 18.76 N unquoted
בדים.19
19.44b/45106 of 19:16/1001 up
unch.
Elec. Power & Light $7 pf. Mintkote
36
Trans-America Co.
41
14
30th Cent-Fox.-
52
Gen. American Trans.
464
Union Bag & Paper Corp.
123
18.93b/19.00 18.762 unquoted
Gen. Electric/
33)
Union Carbide & Carbon
72
Gen. Motors
471
Union Pacific
841
Gen. Raliway Signal
11.
United Aircraft
37
Nat Defence Bonds, 3% 100
Gen Tire & Rubber
11
United Airlines Trans
168
Total sales:-830 tons.
SILVER MARKET
LONDON SILVER
London, Aug. 22 (Reuter).
Silver Market featureless and
-quiet-In-the-afternoon, the mar-WINNIPEG WHEAT
London-Midlands-Scot-
tish. 3.
124
CHICAGO, WHEAT
Great Western Rall-
September
Nat. Bank of India, 3%
281
December
way, 3% .......
241
May
CHICAGO COEN
September
81/61
601/601 601/51
December
*957/554 554,551
551/551
ket was very quiet.
October
.73ja
738a
Spot, 23-1-4d.
December
74ja
73ja 748a
unch.
Forward, 22-7/8d.
NEW YORK HIDES
"BOMBAY" SILVER
Bombay, Aug. 22 (Reuter).
September
8.07%
8.10/10
8.21/25
Market Quiet.
Oftake 50 bars.
December
8.23/23
8.20/20
8.30/40
.13 up
Indian Mint Sliver.
Total sales for the day:-169 contracts.
Ready
63-06
New York Official NY-London Cross Rate 4.02-374
04-3/4
34-3/4
Glidden Co.
Goodrich (BF.)
13
United Corpn
11
117
70/701
701/701
702/702
up
717/7272/72}
721/721
up
73/733
737/737
up
5.58
Goodrich $5 pr.
481*
United Corp. $3 cum. pt. 361 United Gas Corpo.
11
Goodyear Tire & Co.....
15:
United Gas Improvement 12
Great Northern Iron Ore „
134
Great Northern Kly, pid
23
Wednesday's sales:-13,470,000 bushels.
US., Industrual Alcohol, мой · 174* US. Rubber
181
Great Western, Sugar
191*
Interest Rates on Application.
US. Rubber $8 ptd,
811
Greyhound Corpn. .....
111*
US. Steel A.
521
SAFE DEPOSIT BOXES
'Patani Swatow
Haiphong (Johore) Tientsin
Ipoh
Peiping. Peuang
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur on terms which will be rencies quoted on application.
ALBO up to date SATE DEPOSIT BOXES in various sizes To Lar. 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 ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
F. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1938.
THE CHASE BANK ·
16, QUEEN'S BOAD, CENTRAL
HEAD OFFICE:
18, PIKE STRENT,
NEW YORK
An American Bank offering com plete Foreign Banking Bervios in the principal Markets of the world.
NEW YORK
(Peking)
TOKOHANA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNT opened and “ FIXED DEPOSITS 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 at rates obtainable on application.
The Bank's Head Office in London undertakes-Executor and Trustee usiness, and claims recovery of British Income Tax overpaid, on terms which may be ascertained ni any of the Agencies and Branches.
H. A. CAMIDGE,
Manager.
BANK OF EAST ASIA, LIMITED
Authorized Capital.....810,000,000.00 Paid-Up Capital..... 5,598,200.00 Beserve and Undivided
Profits
2,83,281.50
Head Office: HONG KONG No. 10 Des Voeux Road, Central,
Li Koor Chua, Lagu P. K. Kwok, Esq. Wang Tan Tong, Esq.
Board of Directors: SIR SHOON Chow, Chairman Li Laur Sany, Esq. Wong Chu Son, Esq. Kan Ying Po, Rag. Chan Ching Shok, Esq, Fang Ping Wah Esq KAN TONG Po, Esq., Chief Manager LI TER FONG, Esq., Manager
Amoy
Eadaria
Branches and Agencies:-
Loudon
Karoon Penang Bingapore Babyyou Востомук
Bwtow
Melbourne Ban Fraz. Bydany
alsoo Tiantain
HAIPHONG HAMBURG HANKOW
PRIPING
off
병명
Hercules Powder Co.
82+
Vanadium
313
of
Int Nickel
International Harvester
40
Vultee Aircraft
7+
261
Inter. Paper & Power
15
Walworth Co....
4
Warner Bros. Pict.
21
Int. Tel & Tel
Kenrecott Copper
Lakey"Foundry & Mac. Libbey-Owens-Ford
27*
Westinghouse Elec.
100)
275
Woodward Iron Cor.
251*
34
Chase National-Bank
-284*
Glass 391
14. up
National City Bank
24*
•-bid.
*ex. div.
Ang. 23, 1940
125.07
20.79
21.07
65.67 45.59 -11 Commodity Index 49.40-
Aug. 1, High Low Close Change'
126.97 195.82 128.46 1.39 up 27.13 26.91 27.09 .30 up .31 up 22 35 21.05 22.28 89.05 ·
88.36. 30 up 49.84 24 up Business Done 440,000 shareS
Subscribed Capital
Paid-up Capital ..
Beserve Fund and Rest.”
£3,000,000
£1,800,000
£1,000,000
£1,254,639
This Bank is entirely owned by THE CHAN NÄTIONAL BANI. "Naw ̈York," with Resources of ̋orrå
Ú.8.$2,900,000,000,
D. M. BIGGAR,
Second Vice Pru
THE MERCANTILE BANK OF INDIA, LIMITED ....
Head Offico: 15,, Gracechurch Street,
London, EC.
Authoriset Capital
Relping
Shangha
Every description of Banking and: Exchange business transacted. Losan granted on approved securities. “
Current Accounts opened in Local Currency and Fixed DepositsTM re- ceived for one-year
or shorter periode in Local and Foreign Cur cancies on terms which will be quoted on application.
SAVE DEPOSIT BOXES TO Ld.
KANTONG PO;"
Chief Manager.
Bombay Oligató
Haiphong
Markow Honolulu Kobe
New York Paris
Seattle
Bemarang
GOSYON
BANKERS:
Aug. 28. Settlement--53-04- Sept. 26 Settlement ... 63-04
BROKERS
LOANS
New York, Aug. 22 (Reuter).
Loan on securities to brokers, in New York:-
Week-ended
Week-ended
LONDON METALS
EXCHANGE London, Aug. 22 (Reuter). Tin. Standard, Cash, Middle Week-ended Price, £200-1/4.
17/8/39 15/8/40 29/8/40 Tin, Standard; 3 montha. Middle $525,000,000 $270,000,000 $273,000,000 Price, £260-7/8.
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
LONDON, August 22 (Reuter).
Public Deposits
Other Deposita:-
Bankers
Other Accounts Total
402-3/4
LONDON GOLD
London, Aug. 22 (Reuter).
· Bar Gold. Fine' per oz., 183/-
1938/40
DOW JONES AVERAGE
High Low Dow Jones Averages 155.98 111.8430 Industrials
-36.90 92.15 20. Rails
27.70 18.03 20 Utilition
38 22 63.06 40. Bonda
-
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.,
J
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO:
15"
Aug. 22
30.690
14,540
TO-
107,620
123,370
48,780,
48,600
158,00
172,050
Other Securities:-
Government securities
161,710
151,810
Discounts and Advances
6,300
8830
Becurities
20,760
22,430
Total
26,160
Notes and Coins
#17.270
31,260 21,580
Total Bullion
Notes in circulation
1,180 613,910
Ratio of Reserve to Liabilities
9.23%
1,100 609,590 11:50%
Price of Gold at which holdings are valued
188/..
188/..
FEDERAL RESERVE SYSTEM
NEW YORK, August 22 (Reuter).
Big Bought
Bile
WB. Becurities held
Federal Reserve Natio
Federal Reserve Credit Outstanding.
Monetary Gold Stock Industrial' Advance,
(000's omitted)
1,000
2,423,000 2,448,000
2.440,000 89.20%
80.01% €9.30%
$2,463,000.⠀⠀ 2,495,000 2,492,000
∙18,235,000), 20,889,000
20,800,000
11,815,000 8.543,000
8,581,000
and TIENTSIN...
KOBR and OSAKA..
SINGAPORE, PENANG and CALCUTTA
SANDAKAN-
HAIPHONG
All steamers berth alongside. the Roosevelt Terminal in ̈ the French Concession at Shanghai, whore passengers and cargo are landed.
For further particularsTM
please apply to
The Bank of England and Midiand
Bank, Ltd. BRANCHES:
Haralds
Bangkok Bombay
(pob Jažas
Colabo
Kandy
Karachi
Kota Bhara
Delhi Guija
Kaala Trengganu Hadres
New York
Pensor
Rangoon
Shanghai
Howrahs Kuala Lumpur Blugapore
HONG KONG BRANCH:~ Brary description of Banking and Exchange- budness tranced.
TRUSTEE AND EXECUTORSHIP DUNDERTAKEN - CURRENT ACCOUNTS opened in Local Car- rency and ·PTERD DEPOS178 ressivad in Logal Currency & STERLING on terms that may be ascertained on api lication.
D. BENSON,
What do
Manager,
you want ?
If there is anything you want to buy or 'sell, ⠀ try Classified
aamall advertise- ment in the Hong- kong Dally Press.
BARDINE MATHESON&Co.,L TELEPHONE KOJIL GENERAL MANAGERS
HESON&Co.,LTD. 25 words $1.50 prepaid
for 3 insertions.
BANK OF CHINA
Specially Chartered by: THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
* HANK PAID-UP CAPITAL 840,000,000,00
*(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 Bong Kong Branch: 4, QUEEN'S BOAD, 0. South China Offlose:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGOHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU
CHEN,
Manager