Adama Express
Alleghany Steel Co.
Allis Chalmers
4.390
Aluminium Ltd.
Amer. Can
59 3/4
19+ 8/2
NEW YORK August 24, 1940.
SINGAPORE RUBBER
August 24
Transfer.
8 1/2 SPOT
OCT./DEC.
On New York:
Bank Bills, on demand se Ma
| JAN./MAR.
Previous
Close Opening Closing Change Buyers Buyers
37-3/8 37-3/8 -37-1/2 36-1/2 36-1/2 36-1/2 34-1/2 34-1/2 34-1/2
American Cyanamid B Amer. & Foreign Power
Amer & Foreign $7 pt.
Amer, Locomotive
up 1/8
Amer. Metals Co.,
unch.
Amer. Radiator.......
Amer. Rolling Mil
Credits, 60 days' sight 23 3/8
On Batavia:---
The market was inactive. LONDON RUBBER
Amer.. Sting and Ring Co.
Previous close Today's close
Amer, Sugar Redning
On demand
41 0/8
buyers
buyera
Change
Amer. Tel & Tel
On Paris:
SPOT
17-5/8
Amer. Tobacco "B"
PACE 10--HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 1940.
Dn London:--
Telegraphic Transter. 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 month light 1,3 1/2 On Shanghai:—
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:-
8 8 8 8 8 8 8
Telegraphic
and demand....
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
"
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
"QUOTATION
(REUTER'S - SERVICE)
AUGUST 25, 1940,
TUESDAY, AUGUST 27, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
dig
INDIA, AUSTRALIA AND CHINA
Authorised Capital $50,000,000
Issued & Fully Paid-Up 350,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:
Paid-up Capital ........ £6,000,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Fro-
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
38, Bishopsgate E.C
Sub-Agencles" In London:"
117/122, Leadenhall Street, Eas West End Branch:
14/16, Cockapur Street, S.W
Manchester Branch: 32, Mosley Street, Manchester,
HARDIN
AGENCIES AND BRANCHES ALOR STAR
PENANG AMRITAE HONG KONG TG001 BANGKOK BATAVIA BOMBAY
Sterling
£1,000,000 £3,000,000
Last Sale
Heserve Liability of
STOCKS
Last Sale
Proprietors
$50,000,000 |
Aug. 24
Aug: 24
prietors
HEAD OFFICE: LONDON:
£3,000,000
51
Lockneed Aircraft
25
Head Ofce-HONG KONG
201
Loew's Inc.
24
314
Loft Incorperated
21+
75
Mack Truck Inc.
21.
Board of Directors: H. V. Wilkinson, Esq.,
95+
Martin, Glen L.....
291
33*
McKesson & Robbins, pid.
21+
Montgomery Ward
397
141""
Mtain City Copper Co.
31
121
National Aviation ....
91*
J. K. Bousfield, Esq., A. H. Compton, Esq.,
14."
Nat, Dairy Products
131*
Hon. Mr. S. H. Dodwell,
National Distillers
201*
G. Miskin, Esq.,
101
National Lead
16
K, S. Morrison, Esq.,
36
Nat, Fower & Light
T. E. Pearce, Esq.,
7
ΣΟΣΙΑ IPOH
BAIGON
*NEXIMBAN
123*
National Supply Corp.
O C. Roberta, Esq.,
53*
Hon. Mr. A. L. Shields,"
CALOUTTA
1614
New York Gential
111
73
Niagara Hudson Power
Bir Vandeleur M. Grayburn,
Bank Bills, or demand 1083
Credits-4-months sight |160——-
Amer, Waterworks
SEPTEMBER
12-5/8
8+
N. American Aviation.
16
•
AGENCIES: -Chiva-S¢¤KEY" Chief Manager.. FAIRLIN PLACE
KARACHI KLANG KODE ITALA
SHANGHAI
SINGAPORR
SITIAWAN
SQURABAYA
· CANTON——————LukrUR-
TAIPING
"OCT-DEC.
12-9716-Market closed
Anaconda-Copper-
201
North AmericanTM Cu.
18
Branches:
On Saigon:
JAN./MARCH
12-9/16
Atchison, T&B, Fe.
144
Northern Pacific
81
CAWNPOLI CSU
KUCHING
TIENTHIN
MADRAS
TONGEAH.
On demand
16 3/4
APRIL-JUNE
11-3/4
Aviation Corp.
41
Owens-linols Glass Co.
48*
Amoy
Johore
On Manila:—
̈On dernand
On Bangkok:-
On Sterling Notes:-
On-demand
Bank Buying Rate...
Bar Silver per oz...
1401/2
A
23. 5/16
NEW_YORK. COTTON: There is large buying for near months, mostly by the trade. Hedging is more active on the advance.
NEW YORK -RUBBER: Market closed..... CHICAGO WHEAT: Overnight news was colourless and the market lacked any distinctive feature. The market ruled dull with- in an extremely narrow range. Some hedge sales and scattered liquidation early on caused a frictional decline.
Baldwin Lecometive.....
143
Pacific Gas & Elec
281
Bangkok Kobe
Batavia--Kewison-
Rangoon Saigon San
COLOMBO
MANILA
(Bbukes)
Baltimore & Ohio"
31
Packard Motors
31
Barber "Asphalt Co.
-Barnsdall-O
Bendi" Aviation
Bethlehem Steel
Bliss Co.
Boeing Airplane Co.
NEW YORK STOCKS: 125.48; Change up...14.
Previous close, 125.34: Today's close,
Borg-Warner
Briggs Mfg.
Budd M'facturing Corp.
Canadian Pacific R'way
Case, L
Celanese
(REUTER'S SERVICE)
Chesapeake & Ohlo
High Low 0.26 9.16
Prev. Today's
Close Close Change
Chrysler Corpn.
Columbia Cas & Mệc................
Close
9.16/18
.691 681
80% Opening
60+
603
891 801
60
9.16. 9.19 .03
unch.
Commercial Credit Co.
סנן
Com, & Southern (Ørd.)
I up
Consolidated Edison .......
Consolidated Off-
Closing
Change
Coatnental Gan
9.17/18
9.19/19
.03 up/
Continental OLI
MARKET
STERLING
December (
9.15/15
9.15/15
January
}
9.06 N
9.07a.
March "
i
>
.9.05/05
9.01/04
May
{
8.87 N
{
A 8.67 N
8.86 86 8.67/67
·9.66 N "
9.16/17 9.07 *9.06/06 89/89 8.697 39 9.691
01. up
Copperweld Steel
-.01 up
Ourtiss Wright" (C.)
01. up
Curtiss-Wright *A*
.02 up
•Deere & Co...
.02 up
Distillers Corpn. Beagrams
.03. up
Douglas Aircraft
Du Pont de Nemours
*
Eagle Picher Leid
...
Eaton Mig Co
-691/698-
718/717 718/713 73/73*
Elec, Autolite-..
711/717 731/737
Elec, Bond & Share
קט.
Elec. Bond & Share $5 pf.
Elec. Bond & Share $0 pr.
22.1/2 for near and Forward, buyers
604/002 601/601 5517551
601/607 55/55 *554/551
Elec. Power & Light $7 pf. Fitntkote
unch-Gen. American Trans.
Gen: Electric.
Gen. Motors
October
December
73 € 7482
738a
73ła 743a
unch.
Gen. Railway Signal
Gen. Tire & Rubber
Glidden Co.
4.02-1/2
Goodrich (BF)
Goodrich $5 pt. ...
Goodyear Tire & Co.
Great "Northern Iron Ore .. Great Northern Rly, pfd. Great Western Sugar
Inter. Paper & Power Int, Fel, & Tel
41
£
100%-
7
V.
Market Report
FROM ROZA BROS.
Silver, prices were
unchanged
over the week-end, the quota- for tions remaining at 23.5/16 Ready and 22.15/16 for Forward.
·American Süiver was quoted at 343/4 for Spot.
The London-New York cross- rate was quoted at 402.1/7, New York-London was quoted at 402.- 1/2.
Quiet.
NEW YORK COMMODITY MARKET
New York Cotton. Oct. Chicago Wheat. Sept. Chicago Corn, Sept.
NEW YORK COTTON Oct. New contract)
There were sellers at 172.31/32 | July
up to November, buyers at 1/3 for Spot. any delivery.
U.S. DOLLARS
Total sales Friday:57.600 bales.
CHICAGO WHEAT
Opened with sellers at 224)10 September buyers bidding 22.11/16 leading December
to a small business at 22.5/8 for May
November followed by transactions Friday's sales:-12,620,000 bushels
at 22.9/16 for Cash. The market| CHICAGO CORN
closed at 1 pm, with sellers at September
Cash,
22.3/16 for December
at 22.5/8 for WINNIPEG WHEAT"
SHANGHAI DOLLARS
Opened with sellers at 404 but Later the market rose rapidly closing at 1 pm. with seller at 410. There was no demand,
SHANGHAI MARKET Sterling opened with sellers at 8.11/16 and closed easter with { sellers at 3.41/64. US Dollars opened with sellers at 5:9/16- and closed easier with sellers at 6.15/32 for Spot.
AFTERNOON MARKET
Quiet.
STERLING
The market closed with sellers at 1/2.31/32 up to November, buyers at 1/3 for any delivery.
U.S. DOLLARS
The market closed with sellers at 22.9/16 for forward, probably near, buyers at 22.5/8 for Cash,
SHANGHAI DOLLARS ·
Closed with sellers at 413. -SHANGHAI MARKET
The market closed ensy. There
NEW YORK HIDES NY-London Cross Rate 4.02-3/4
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, August 23.-
FOOD SUPPLIES
FROM EMPIRE :
LONDON, August 26 (Reuter)- Britain is to get more food from The following quotations are the the Dominions, middle prices at the close of the. The Ministry of Food has just market in London. All quotations (completed new contracts for but- are subject to confirmation and no ter and cheese with Australia and responsibility is assumed for errors New Zealand for the 1940-1941 in transmission,
season.
In the Dominions, steps are be- |ing actively taken to make up for losses of butter and cheese for- merly supplied by Europe and it La-expected-that-the--quantities- produced will be much greater than those produced last season.
War Loan, 31% (Red
after 1952) Janton-K'icon Rly.5% Chinese 41% Gold Loan 1808 (Brit. Issue ..... Chinese 5% Gold Bonds.
1925-43-
Chin. 41% Anglo-French
Loan, 1903
Chinese 5% Crisp Loan.
1912
were sellers of Sterling at 3.39/Chinese 5% Reorg. Loan
64 and US Dollars closed with sellers for Spot at 5.13/32..
Shanghai Exchange
Shanghai, Aug. 28 (Reuter).
Official T.T. Rites
London
New York
Japan
Paris Hongkong
Opening
0/3-5/8
5-3/8
22-3/4
201
24
Starling
Bellers
Opening Cloame
1913 (Ldn. Is.)
30%
2
18
Chinese 8% Ster. Notes..
1925 (Vickers)
Chin: Imperial Rly 5%
38
LORN Honan Ry, 5%... Hakuang Rly. 5% 1911...
(LP, N/Y Issue) Hukuang. Bly, 5%, 1811
(German Issue)... Lung Tsing & Hai
Rly. 5% 1913 8'hal-N'King Rly. 5%... Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Tientsin-Pukow Fly 5%
German Stpd.): Tientsin-Puzkow Rly. 5% (Brit. Stpd, Bupl "Loan) Tientsin-Pukow Rly..5%
The official British annual census of horses showed a de- crease in numbers from 858,700 in 1938 to 844,700 in 1939 England and Wales, and a de- crease In Scotland from 144,800
In 1938 to 142,300 in 1939. (The
Greyhound Corpa. Hercules Powder Co. International Harvester Int Nickel
Kenrecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford
1938/40-
DOW JONES AVERAGE
High Low Dow Jones Averagea
155.92 111.84-30 Industrials
-35.90 22.1520 Rails:
87.70 1803 20" Utilities
22.22 8306 40, Bonda
Aug. 25, 1940, Aug. 22, High Low Close 126.34
26.81
22.00
89.09
65,67 45 5911 Commodity Index 48.48
Chinge.
125.67 125.27 135.49
14 up * 26.38 26.89 28.86
-22.00 21.98 22.00 31 up
05 ор 88.12.03 up
Business Done-20,000 shares
(Jobore) Tientsin Makden · Tokyo New York Tsingtao-
Yokohama Peiping.
Penang
PRIPING
(Peking)
FOREIGN EXCHANOL and General Banking Business transacted.
CURRENT Accour 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 obtainably on application.
The Bank's Head Office in London
CURRENT ACCOUNT opened in LOCAL COABENOY and Fixed DIPURIT received for one year or shorter periods in Local and other Cur undertakes Executor and Trustee rencies on terms which will be business, and claims recovery ot quoted on application.....
British Income Tax overpaid, on
Also up to date Ear DroBIT terms which may be ascertained at Boxes in various sizės To Let.
Hong Kong, 28th February, 1940. any of the Agencies and Branches.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG |& SHANGHAI BANKING COR: PORATION, Bules may be obtain- ed on application.
For-the-HONGKONG & SHANGHAI
BANKING CORPORATION.
7. M. GRAYBURN,
Chief Manager, Hong Kong, 25th Feb., 1930.;
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.
This Bank is entirely owned by THE CRABK NATIONAL · BANK. NEW YORK, with Besources of or U.8.$3,900,000,000.
D. M. BIGGAB,
Second Vice Pri
A job?
WANT ADS
INDO-CHINA
decrease was largely confined to #horses-used for agricultural-pure--
poses, including mares for breed- ing.
R. A. CAMIDGE,
Jíanager.
BANK OF EAST ASIA, LIMITED
Authorised Capital...$10,000,000.00 Paid-Up Capital 5,598,600.00 deserve and Undivided
Profita
....2,283,281.ka
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
· Board of Directors: SJR, SHOTSON CHOW, Chairman Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wang Yan Tong, E, Kan Ting Po, Esq. Chan Ching Shok, Esq. Fung Ping Wan Eag KAN TONG PO, Esa, Chief Manager LI THE FONO, Esq., Manager
Amoy
Bateria Bombay Caletta
Branches and Agencies:-
Borious" Pausag
London Fangoon
Manila
Balgon
Singapore Benrabaya
.Bwwtow
Melbourne San Fran- Sydney
cleos Tentia
COUTER
New York. Seattle
Parly
Peiping
Semarang Shanghai
Every description of Banking and Exchange business transacted. Lonas granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year of aborter periods in Local and Foreign Cur rencies
on terms which will be quated on application.
SATE CEPOSIT BOXES TO LET.
KAN TONG-PO,-
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
WE OF CHINA AS AN
INTERNATIONAL EXCHANGE
BANK
STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL, $40,000,000.00
Operating Services for Cargo and Passengers
SWATOW, SHANGHAL TSINGTAU, CHEFOO
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside
Pekin Syndicate S'hai Hec. Constr. Co. Shai Waterworks."A" Union Insurance ..... Gula Kalumpong Rubber
-2
15 131
TO-
20
and TIENTSIN AN
13/9
KOBE and OSAKA
B.-A. Tob. (bearer)
77/8
Mercantile Bank Dunlop Rubber
11
28/6
Bristol Aeroplane
9/14
Imperial Chemical Ind. 28
United Steel
17/11
the Roosevelt Terminal in
Woolworths
Spot
Maraman Investmenta
Aug.
57/41 819
the French Concession "at":
Sept.
0/3-43/64 0/3-5/8*
Jap. Bter, Loan, 1824
31
Western Holdings
9
U.S. DollarE:.."
Epot
AUB
$5-9/16 $5-15/32
5-9/16
Ger. 7% Intl. Loan, 1924 5 Chartered Bank H.K. & S'hai Bank (Län.
Reg.)
Sub-Nigel
155
01
Shell Trans. Trad.
For further particulars
please apply to-
(bearer)
32/6
Nat Defence Bonds, 3% 1001
Sept.
London-Midlands-Scot-
tish, 3%
12
Great Westerri Rall-
Chosen Corporation
Nat, Bank of India. 3%
way, 3%
272
242
-11/18. 0/3-41/84-
0/3-11/16·0/3-41/84 1. (Gër:Stpd, Supl; Loan) ··8
5-15/32
6-17/22 5-7/18
Market Easy
H.K. & Shai Bant (od 02.
Regi
NOTE: All Shanghai markets Chinese Eng & Mining
will be closed tomorrow 27th. (bearer)
instant.
Shanghai,, where passengers
and cargo are landed.
THESON&Co.Lr.
JARDINE
RDINE MATHESON&
TELEPHONE 303IL GENERAL MANAGERS:
(BRANCHES ALL Oven ÜHINA) 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 Ching Offices:
CANTON
KONGMOON SWATOW
TOIBHAN [SH(UCHOW " KINGOHOW
We also handle the issue of Bonds and other Publie Funda of the Chiass Government. both at Home) and Abroad,
BHOUJ CHEN,
Mandgir
91*
Bombay. Kuala
. Francisco
Pan-American Airways
13)*
Calcutta Lumpur Shanghai.
83
Paramount Pictures
5
Canton London
Singapore:
DELHI HAIPHONG HAMBURG - HANKOW
MEDAR
NEW YORK
TSINGTAO TOKOHAMA
291
Pennsylvania RIR
20
Chefoo Lyone
Sourabaya
781
Philadelphia, Read, Goal
Colombo Malacca
Sungei
13"
13
Phillips Petrofeum -
324
Dairen
-Manila
131
Public Service of N.J.
34
Foochow
Muar
Patani Swatow
-167
Pullman Inc........
. 183*
Haiphong
*191
Pure Ofl
'Bankow Harbin
3P
Radio Corpn. of Am, w... · 44.
31
Reading Company. Cam
121
Iloilo - [pob
474
Remington Arms Co., Inc.
41.
273
Republic Aviation Corp.
4+
381
Republic Steel.
163
.714
-
Revere Corp...................
81"
51
Reynold Tobac
347.
304
Safeway Stores
437
11
Schenley Distillers
*
274TM
Sears Roebuck
771
Shell Union, Oil
.374*
Socony-Vacunum 'Ol
181
Southern Pacific"
75*
171
Southern Riy $5 pta.
171
71
Spicer Manufacturing Co. 26
25*
Standard Brands ...
81
Stand Gas & Elec
1རྙ
17*.".
Standard Ou of California
18
691
Standard Ou of‐NY.
163)*
Stone Webster.....
71*-
Studebaker Com
29*
Swift International
171
33-
Technicolor
10%
51
Texas Corpn. ̧....
354
62**
71:
354
Texes Gulf Sulphur' Timken-Axle ........... Trans-America Co.
313
23.
47
.14
20th Cent. Fox ...
51*
-461
Union Bag & Paper, Corp.
114"
33.
Union Carbide & Carbon
713
46
Union Pacific
851
11
United Aircraft
387
203.
United Airlines Traris
· 12j*: *
United Corpn. '.
161 13
11
50,
United Corpn. $3 cum pf. 35* United Gas Corpn..
11*
144
134*
22
United Gas Improvement 12 - U.S., Industrial Alcohol, „ UB. Rubber
18*
191
US: Rubber $8 pfd,
$181 82
Interest Rates on Application.
11
U.S. Steel
514
SAFE DEPOSIT BOXES
801*
Vanadium
30
40
Halphong Hankow Honolulu
Kobe
Vultée Aircraft
277
| Walworth, Co.
.37.
144
Warner Bros. Pict.
20
21
26
34°
1
Glass 383
Westinghouse Elec. Woodward Iron Cor. Chase National Bank |National City Bank
99
25*
2841* 334*
bid.
t-ex dlv.