"
Aluminkum Ltd,
Amer. Con
Telegraphie Transfer leg 1/2 S POT
and demand
On New York:-
Bank Bills, on demand 9o 1/4 Credits, 20 days' sight 23 3/8
On Batavia :—
in
On demand ........... 41. 3/8
On Paris:-
Bank Bilis, or demand 1096- Credits 4 months' sight 1160
On Saigon:-
On demand
SPOT
SEPTEMBER
OCT.-DEC.
OCT.-DEC.
|JAN.-MAR
Previous August 20.
Close
Opening Closing Change Buyers Buyers 37-1/2 37-1/2 37-3/4 36-1/2 36-1/2 36-3/4 94-1/2 34-1/3
34-7/8
American Cyanamid B.
Amer, & Foreign Power ... Amer & Foreign $7 pf. Amer. Locomotive
up 1/4
Amer. Metals 00.......
1
Amer, Radiator
up 3/8
Amer. Rolling MI
The market was very steady. LONDON RUBBER
Amer, Sting and Ring Co.
Previous close Today's close
Amer, Sugar Refining
buyers
buyers
12-5/8"
12-1/2
Change off 1/8
Amer. Tel, & Tel.
Amer. Tobacco "E"
12-578-
-12-9/16-
off 1/16
Amer. Waterworks.
12-9/16
12-9/16
unch
Anaconda Copper
On Manila:-
JAN.-MAR.
...... 90 3/4.
APRIL-JUNE
44.19
"
12-1/16 11-3/4
12-1/16
- Atchison, T. & S. Fe......................
11-3/4
Aviation Corp. ....
PAGE 10-HONGKONG_DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 27, 1940.
On London:--
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/31/9 On Shanghai:-
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.),
300
On Singapore:-
On demand
52 3/4
On Japan:-
On demand
94 1/2
NEW YORK. August 26, 1940.
SINGAPORE RUBBER
On India:-
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Alleghany Steel Co.
Allis Chalmers
QUOTATION
(REUTER'S SERVICE)
AUGUST 27, 1940.
WEDNESDAY, AUGUST 28, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA. AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1863.......
Reserve Funds:
Paid Up Capital £6,500,000 Reserve Fund
H.K. Currency Reserva $10,000,000 Reserve Liability of Pro-
£3,000,000 .£3,000,008.
prietors
£3,000,000
HEAD OFFICE: LONDON:
!
Chairman Hon. Mr. J. J. Paterson,
Deputy Chairman.
Bir Vandeleur M, Graybarn,
Chief Manager.
38, Bishopsgate E.0.2... Sub-Agencies In Landon: 117/12, Leadenhall Street, E.0.8. West End Branch;"" 14/16, Cockspur Street, S.W L Manchester Branch
62, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES
BARRIN
ALOR STAN AMRITSAR" BAXⱭKOX BATAVIA BOMBAY CALOUTTA
AGENCIES: CLAY 8TZET"
FAMLIK PLACE
- CANTON-
CAWNPORE
ORBU COLOMBO
TONG LONG LIOIL Iron KARACHI KLANG KOBE KUALA
Sterling
Reserve Liability of
Last Sale
STOCKS
Last Sale
Proprietars
..$20,000,000
Aug. 26
Aug. 26
5
Lockneed Aircraft
25
201
Loew's Inc.
24
321
Loft Incorperated
211
75*
Mack Truck Inc.
21.
Head Office: HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,,
Martin, Glen 1.
30
58*
McKesson & Robbins, pid. 201*
11
Montgomery Ward
39+
141"
M'tain City Copper Co.
31
J. E. Bousfold, Esq.,
121*
National Aviation
91"
A. H. Compton, Esq.,
141
Nat, Dairy Products
13
Hon. Mr. 8. H. Dodwell,
6+
National Distillers
201
G. Miskin, Esq.,.
K. S. Morrison, Esq.,
101
National Lead
18
T. E. Pearce, Esq.,
381..
Nat, Power & Light
78
C. O. Roberts, Esq.,
124*
| National Supply Corp.
51
Hon. Mr. A. L. Shields,
1601
New York Central
11
PENANG
LANGOON BALGON
BEREMBAN
SHANGHAI
SINGAPOR
+
74.
Niagara Hudson Power
41
B
IN. American Aviation
164
201
North American Co.
“T8F
Branches:
·LUMPUR- KUORING
141
Northern Pacific
61
41
Amoy
Owens-Illinois Glass Co.
491
Johore Rangoon
T...
MADRIB
MANILA
American
MARKET
New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept.
New York- Hides, Sept.
NEW YORK COTTON Oct. (New contract)
December
>
March
{
TT
>
May
-On-demand
On Bangkok:-
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Bliver per- oz. ·
Market Report
The market was idle.
NEW YORK COTTON: There was a fair volume of realizing 149.1/2 and hedging, but new buying and trade fixing proved ample to meet
offerings Demand is good.
NEW YORK RUBBER: The tightness of the shipment position 23 5/16 is expected to keep" September firm.
FROM ROZA BROS.
unchanged Sliver prices were yesterday, the quotations remain
CHICAGO WHEAT: The fact that the present price-level is only a few cents above the average cost of production of 67.7 cents and well below the cost of producing in the big production areas, is discouraging sellers. "There is a good mill demand and less hedge. pressure, in spite of the heavy movement in the North-West,
NEW YORK STOCKS: Previous close. 123.48; Today's close.
'Ing at 23.5/16 for Ready and 125.71; Change, up .23. 22.15/16 for Forward. Silver ad-
vices reported the market as being quiet and featureless.
Silver was quoted at 34.3/4 for
Spot.
The London-New York cross- rate was quoted at 402.1/2, New
NEW YORK COMMODITY "MARKET
York-London was quoted at 402-New York Cotton. Oct.... 1/2.
Extremely dull.
STERLING
No business was reported. There were sellers at
1/2.31/32 up' to November, buyers at 1/3," for any January delivery.
U.S. DOLLARS
Prev. Today's. Close
Bendix Aviation
Baldwin Lecometive
Pacific Gas & Elec
280
Bangkok Kobe
Batavia
Baltimore & Ohio,
31-
Packard Motors
31
Bombay
Kowloon Kuala
Saigon San ...
Francisco
DELET
MUDIAN
HAIPHONG
NEW YORK
SITIAWAN BOURABAYA TAIPING............ TIENTSIN, TÖNGKAH
(Bhuket)
TSINGTAO TOKOKANA
Barber Asphalt Co.
10
Pan-American Airways
Calcutta Lumpur Shanghai.
Barnsdall O
73*
Paramount Pictures ........
51
Canton
London Singapore
-30
Pennsylvania RR.
197
Chefoo
Lydas
Bethlehem Steel
761
Philadelphia Read, Col
1
Colombo
Malacca
Sourabaya Sungei
Bliss Co...
13+
Philips Petroleu
311
Dairen
Boeing Airplane Co.
13
Public Service of N.J,
341
Foochow
Swatow
Borg-Warner
16
Pullman Inc...................
18
Haiphong
(Johore) Tientsin
Bankow
Briggs Mig.
194
Pure Oll
77
Harbin
Budd M'facturing Corp.
34
Radio Carpa, of Am.
41
Iloilo
Canadian Pacific R'way
34
Reading Company,
Com
124*
Ipoh
Case, JI.
47
Remington Arms Co., Inc.
41"
Celanese.....................
281
Republie Aviation Corp, ...
41
Chesapeake & Ohio
38 ·
Republic Stee)
162
Chrysler Corpn.
721.
Revere Corp.
88*
Columbia Gas & Elec,
54
Reynold Tobac. "B"
347
(REUTER'S" SERVICE)
Commercial Credit Co. Com. & Southern (Ord.)
301
Safeway Stores.
44
14
Schenley Distillers
91
Consolidated Edison'
271
Sears Roebuck
81
Consolidated 03
G
Shell Union Of
81
་
High Low
Close Change
Continental Carl
371
9.20 9.17
.19.40
19.32
700
617
-8.50
9.19 9:20, 19.42b .19.39 601 694 703 601
-614 *607 -8,16—— 8:25 9.48
01 up
Socony-Vacunum Oil
**
Continental Ou
-181
.03 off
Southern Pacific
72
Copperweld Steel
181
Southern Rly $5. pfd.
174
1. up
Curtiss Wright (C.)
7
1 up
Spicer Manufacturing Co. 261*.
Curtiss Wright "A"
25+
23-up
Standard Brands
61
Deere & Co.
151"
Stand Gas & Elec
Close
Opening Closing
Change
Distillers Corpe, Seagrams
17*
Standard On of California
181
دام
9.19/19
9.16/17
9.17/17 .9.18/16
0.20/20
.01 'up
Douglas Aircraft
* 69*
Standard Of of NJ.
34
8.18/18
.02 up
"Du Pont de Nemours
1643
Stone & Webster
74.
9.07 N
9.06b/08a
9.091
.02 up
Eagle Picher Lead
71"
Studebaker Com
74-
9.06/08
9.08/08
9.07/07:
..01 up
Eaton Mig Co.
.. 29
Swift International
17
-8.80/89-
8:39+00
-8.00/90
No transactions were reported. July There were sellers at 22.1/2, for (Spot near and probably" 22.9/16 for far
{
'}
8:69/69
8.89b/70a
8.69/69
-01-+44p-
unch..
Elec-Autolite-
__33_
Technicolor
Elec. Bond & Share
54
Texas Corp.
351
9.69 N
9.70n
.01 up
Elec. Bond & Share $5 pt.
62.
Texes Gulf Sulphur
314
Total sales Saturday:-28,100 bales.
forward, buyers at 22.5/8 for CHICAGO CORN Cash.
SHANGHAI-DOLLARS.
Nominal, "Sellers at 413.
Elec, Bond & Share $6 pr.
71
Timken-Axle
24
Elec. Power & Light $7 pt.
351
Trans-America Co:
41
Flintkote.
134
· SHANGHAI, MARKET
September
December
January
March
19,426
20th Cent. Fox.
53
19,20b
18.98n
19.32/32 19:12712 19.03./03
19.39/39 10.22720
.03 .off
Gen. American Trans.
45*
Union Bag & Paper Corp.
118
.02 up
Gen, Elect.c
33
Union Carbide & Carbon
18.98n
18.90b
July
げ
May
at 416 for Spot.
1716""""""Reg.y":"E
Janton-Kloon Rly. 5% Chinese 41% Gold Loan
1898 (Brit, Issue Chinese 5% Gold Bonds,
-1925-47
777
HK & Shai Bank (Col.
Reg)
68
30
Chinese Eng. & Mining
(bearer) '../..
16.
35
Chosen Corporation
4
TO-
Chin. 41% Anglo-French
Pekin Byndicate
Loan, 1908
Chinese 5% Crisp Loan.
1912
Chinese 5% Reorg, Loan,
1913 (Ldn. Is.)
བྱ་ས༢
S'hal Elec. Constr. Co. ...
15
B'hai Waterworks "A"
131
12
Union Insurance ....... 24
Gula Kalumpong Rubber (^13/0
18
B.-A. Tob, (bearer)
78/104
Chinese 8% Ster. Notes,
Mercantile Bank
* 113
1925 (Vickers)
Dunlop Rubber ....
38
ty.
"
ས་
Umin. Imperial Rly, 5%
Loan Honan
·Hukuang Rly, 5%, 1911
(LP. N/Y Issue) Hukuang Rly, 5%, 1911
(German Issue) ........... Lung Tsing & U. Hal-
Riy, 6% 1913. cowgir 8hai-N'King Rly. 6%... Tientsin-Pukow Rly, 5%
(Bilt, Btpd.)
(Dearer) jus
Nat Defence Bonds, 3% · 1001 London-Midlands-Scot-
tish. 3%
114
Bristol Aeroplane
28/4) 9/3
Imperial Chemical Ind. 25/4) United Steel
17
Woolworths
50/3
Marsman Investments
8/9
Western Holdings ...... 9,··
Sub-Nigel...
155
Shell Trans. 4 Trad
32/6
The Shanghai Exchange market May.....
was closed today.
AFTERNOON MARKET
The market was quiet in the afternoon,
STERLING
The market closed with sellers November, at 1/2.31/32 up to buyers at 1/3 for any delivery.
D.S. DOLLARS
The market closed with sellers] December
at 12.1/2 for near and probably CHICAGO WHEAT 22.9/16 for far forward, buyers October
at 22.5/8 for Cash,
SHANGHAI DOLLARS
Probable sellers at 414, buyers September
LONDON STOCK
EXCHANGE
<REUTER'S SERVICE)
London, August 26. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
War Loan, 31% (Red
after 1954)
K
Total sales for the day:-314 'contracts. New York Official ......unquoted NY-London Cross Rate 4.02-1/2
l'ientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5%
"(Brit. Stpd. Supl, Loan) 8 Tientsin-Pukow Rly 5%
(Ger. 8tpd. Supl, Loan) 8 Jap. 6% Ster. Loan, 1824 32 Ger, 7% Intl. Loan. 1824 5 Chartered Bank
6-3/18 HK. Shai Bank (Ldn.
18.88n
unquated..
19.05/05 19.00 unquoted unquated
08. off
Gen. Motors
461
Union Pacifc
857
„02" up"
Gen. Raliway Signal
111
United Aircraft
364
Gen. Tire & Rubber
103*
United Airlines Trans
181
Glidden Co.
121*
United Corpn.
11
Total sales:-1,560 tons. WINNIPEG WHEAT
Goodrich (B.F)
11
Goodrich $5.pf.
50
United Corpn. $3 eum pt.
351′′
United Gas Corpn.
September
691/091
691/691
Goodyear Tire & Co.
142
704/708
1. up
Great Northern Iron Ore -
United Gas Improvement
124
131
December
71/713
718/711
721/722
fi up
U.S., Industrual Alcohol. mi
18
..... 731/731
Great Northern Rly, ptd.
223
742/748
11 up
US, Rubber".....
18
Interest Rates on Application.
Saturday's sales:-7,465,000 bushels.
NEW YORK HIDES
September..
Great Western Sugar
.19*
thi
US. Rubber $8 pfd":
79%
Greyhound Corp.
101
U.S. Steel
517
SAFE DEPOSIT BOXES
Manila" Muar
Patani
Mukden Tokyo New York Tsingtao
Peiping Yokohama
Penang
-PKIPING
(Peking)
FOREIGN EXCHANGE and Generai Banking Business transacted.
CURRENT ACCOUNTS 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
CURRENT Accounts opened in interest allowed at rates obtainable LOCAL CURRENCY and Fixed Darton application. received for one year or "shorter The Bank's Head Office in London periods in Local and other Cur-undertakes Executor Bud Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
ALSO up to date SAFE DEPOSIT terms which may be ascertained at Boxes in various sizes To Lar.'
any of the Agencies and Branches.
R. A CAMIDGE,
Manager.
Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG
& SHANGHAI BANKING COR- PORATION. Hules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE;
18, PIN STREET,"
NEW YORK An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....10,000,000.00 Paid-Up Capital:......... 6,598,600.00 Beserve and Undivided ·
Profits".
2,183,261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
i
Board of Directorar
SIR Suorgon Cnow, Chairman Li Koon Chon, Esq. ́· Li Lan. Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tun Tong, Esq. Kan Ying Po, Eng. Chan Ching Shok, Kaq, Pang Ping Wah Haq KAN TONG PO, Esq., Chief Manager La Tax Foxa, Esa., Manager
Amay
BATATIE
Branches and Agencies:-
Kevloca
Louden
Penang Bingapore Rangoon
Bourabaya
Halgon Bwatow
Melbourne San Fran. Bydney Sagaanka
“HAMBURG HANKOW
་།
Bombay Manila
Dalgatta
Haiphong
aison Tenten
Hercules Powder Co,
60*
Vanadium
.601/601 80%/601
611/811
i up
International Harvester
40
Vültee Aircraft”-
554/551 551/55+
581/56
1 up
Int Nickel
261
Walworth Co.
"Inter. Paper & Power
143
Warner Bros. Pict.
Int. Tel. & Tel
24
Westinghouse Elec.
73ğa
73ja
.73fa
unch.
December
741a
7418
NEW YORK RUBBER
..
Kennecott Copper .............. Lakey Foundry & Mac, Libbey-Owens-Ford
271
Woodward Iron Cor.
Glas
31. 381
Chase National Bank
National City Bank
8.25/29
8.18/16
8.48/43
.23 up
December March
8.35b/484 8.45/45 unquoted. 8.65/84
8.73/73
28 up
*-bid.
1-ex, div.
8.93/93
34-3/4
4.02-1/2.
8
Great Western Rall-
way, 3%
27.70 18 03 90 Utilities
29.00
241
22.23 83 06 40 Bonds
88.12
Nat. Bank of India, 3r
274
85.67 45 50 11 Commodity Index
Business Done-180,000 shares
1938/40
DOW JONES' AVERAGE
High Low Dow Jones Averages 155.92 111.84.30 Industrials
35.90 22.15 20. Rails
Aug. 27, 1940
"Aug 14, High Low Close,
125.48
126.04 125.34 125.71 26.85
23 up
D. M. BIGGAR,
Second Vios Prata)
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street,
. London, EC-3 "Asthoflied Caption
Bubscribed Capital
Paid-up Capital...
· ‚01 off *·| Reserve Fund and fant,
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA -·
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal ia the French Concession at Shanghai, where passengers and cargo are landed
For further particulars
please applytto-
JARDINE MATHESON&Co,Ltd. TELEPHONECZOZIL & GENERAL MANAGERS A
BANKERS:
The Bank of England and Midland
Bank, Ltd. BRANCHES.
Bangkok Ipoh
Bombiy
Calcutta
Kastan
Kaia Trengganu
Madras
New York
Kandy
Karachi
PIDANG Rangoon
Kota Bharu
Shanghai
Hongkong.
Kuala Lipis
Bimb
Howrah
Enda esse
4ingapers
Colombo Delhi Galle
"HONG KONG BRANCH,
Felping
Bemar Shanghai -
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current "Accounts opened in Locs! Currency and Fixed Deposits re- ceived for one year or shorter Periods in Local and Foreign Cur
rencies 00 terms which will be quoted on application.
SATE CEPOSIT Boxes To LET:
'KAN TONG PO,
-Chief Manager:
BANK OF CHINA
Specially Chartered by:
THE NATIONAL GOVERNMENT
OF CHINA AB AN, INTERNATIONAL: EXCHANGE
BANK"
Every description of Banking and Exchange PAID-UP CAPITAL $40,000,000,00 burinam transacted,.
TRUSTEE AND EXECUTORSHIP.
UNDERTAKEN
(BRANCHES ALL OVER CHINA)
Owing to our num
to our numerous Branches DURREST LOUGUSTS opted in Lectur. in China and connections in the rency and FIXED DEPOSITS 2017 in Leal principal Commercial Centres of Curraney & BERLIN tee that may be the World, we are able to extend securtained on spj licutfen. “
„D. "BENSON.. to our Clients special facilities for Kenager. Domestic and Foreign Banking and
Exchange.g
What do
you want?
It there anything you want to buy or Bell, try 且 small Classified advertise- ment in the Hong- kong Daily Press,
25 words $1.50 prepaid
for 3 insertions...
Head Office-SHANGHAI
Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Ofoder
CANTON
SWATOW |BHIUCHOW
KONGMOON TOISHAN
KINGOHOW We also handle the issue of Bonds and other Puble Funds of the Chinese Government both at Homa [and - Abroad.
SHOU J, CHEN,
Manager
Hankow
How York Beattle
Conver
30
Honolulu
Parts
74*
31
23
This Bank is entirely owned by THE CHASE NATIONAL BANK. New York, with Besources of ovni) U.8.$3,200,000,000.
Kobe
901.
25*
281*
233*
י'י
Change
20.89 20.77' 26 85
21.300.000
21,200,000
£1,050,000
$124,009
22 03 21.94 22.00
.31 ap
88.22
.10 up
49.79
..