#
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 28, 1940.-
On London:----
Telegraphic Transfer. 119 7/8 Bank Bills, on demand 1/9 7/8 Credits 4 months' sight 1/3 1/2.
On Shanghal:-
On demand
On Singapore:-
On Japan:-
On India:-
Telegraphic
and demand
On New York:-
Bank Bills, on demand 22 1/4 Credits, 60 days sight 23 3/8
On Batavia.:~~~
On demand
On Paris:—
Bank Bills on demand 1095
Credits 4 months' sight 1150-
On Salgon:-
On demand
On Manila:
On demand
On demand.....
to
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE
BUILDING
HONGKONG
COMMODITY MARKET REVIEW
SEPTEMBER
(FROM PAYNE & CO.).
NEW YORK STOCK EXCHANGE
STOCKS
On Bangkok:-
On Sterling Notes:-
Bank Buying Rate
NEW YORK COTTON: Hedge selling is more pronounced today 149 1/2 on Improved weather conditions. The market looks lower.
Bar Silver per oz, ................................ 23 7/16
Market Report
FROM ROZA BROS.
silver prices rose yesterday
the extent of 1/8 for Ready, and
1/16 for Forward, the quotations!
being 23.7/16 and 23 respectively.
Silver advices reported Specula-1
NEW YORK. RUBBER: It is estimated that, domestic consump- tion for the fourth quarter of the year. will be over 150,000 tons.
CHICAGO WHEAT: An oversold market but we would avold buying on bulges.
NEW YORK STOCKS: Previous close, 125.71; Today's close, 126.33 Change, off 38",
NEW YORK COMMODITY `MARKET
tors as having bought to a small New York Cotton, Oct.
extent. The market was
but quiet. American Silver quoted at 343/4 for Spot.
(REUTER'S SERVICE)
steady New York Rubber, Sept.
Chicago Wheat, Sept. Chicago Corn, Sept. ...
The London-New York cross New York Hides, Sept. rate was quoted at 402.1/2, New York/London was quoted at 403. MARKET
J
Prev. Today's
High -Low Close Close Change
Bendix Aviation
Celanese
QUOTATION.
.(REUTER'S SERVICE)
AUGUST 28, 1910,
THURSDAY, AUGUST 29, 1940:
BANKS
SHANGHAI THE CHARTERED BANK OF
HONGKONG &
BANKING CORPORATION
Authorised Capital..... $50,000,000
INDIA, AUSTRALIA
AND" CHINA
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:
£3,500,000 Reserve Fund... Paid-Up Capital
£3,000,000 ................£3,000,00
£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
$20,000,000
Head Office:-HONG KONG
C. C. Roberts, Esq
Hon. Mr. A. L. Shields,
Sir Vandalous Mr Graybaro
Chief Manager.
Haiphong (Johore) Tientsin
Mukden Tokyo New York Tsingtan Peiping Yokobama Pening
prietors
HEAD OFFICE: "LONDON:
38, Bishopsgate E.0.8. Suo-Agencies In London: 117/129, Leadenhall Street, E.0.3- West End Branch: 14/16, Cockspur Street 8.W 1 Manchester Branch:
52, Morley Street, Manchester, 2
AGENCIES AND BRANCHES :
ALOR STAR AMBITUAR BANGKOK
BATAY LA
BOMBAY CALOUTTA
AQUNDIES: LIVE STRENI
FAKLIK PLACE
CANTON. CAWNPORE
וי
-HARBIN
PENANG'
HONG KONG BANG001, ILOILO
ІРОД
KARACHI BLANG
KOPE
KUALA——
BAIGON
SEREMBAN
SHANGHAI
SINGAPOR
_____BITIAWAN.
·SCUBABAYA.....
EIMENE. TAIPING KUCHING TIENTS IN
MADRAS
MANILA
MEDAN.
NEW YORK PEIPING
(Peking)
TONGEAR
(Bhuket)
TSINGTAO...
YOKOHAMA
FORE.ON EXCHANGE and Generat Banking Business transacted.
CURRENT ACCOUNTY opened, and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at raten which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with in interest allowed at rates obtainabla
On application.
CURRENT ACCOUNT opened LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Our rencies on terms which will be quoted on application.
The Bank's Head Office in Loudon undertakes Executor and Trustee 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.
Sterling s
Last Sale
STOCKS
Last Sale
Aug. 27
Reserve Liability of
Proprietors
Aug. 27
Adains Express
51
Alleghany Steel Co.
201:
Lockneed Aircraft Loew's Inc. .......
25+
"244
Allis Chalmers
317
390
Loft Incorperated
21
Aluminium Ltd.
77
Mack Truck Inc.
211
On demand
* 69 3/4
Amer. Can
$5
| Martin, Glen L.
30
Board of Directors: H. V. Wilkinson, Esq.,
Chairman.
NEW YORK. August 27, 1940.
On demand
.94 1/2
SINGAPORE RUBBER
Transter.
782 1/9
SPOT
OCT.-DEC.
JAN,-MAR.
Previous August 27
Close Opening Closing Buyers Buyers 37-3/4 37-5/8 37-3/4 36-3/4 36-5/8-36-3/4 34-778 34-3/4 35
American Cyanamid B.
331"
McKesson & Robbins, pid.
211
Change
Amer. & Foreign Power ...
11*
Montgomery Ward
391
Amer Foreign $7 pt.
14*
M'tain City Copper Co.
3*
Amer. Locomotive .....
121
unch. unch.
National Aviation .....
9+
Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Amer. Metals Co.
134*
Nat. Dalry Producta
13
Hon. Mr. S. H. Dodwell,
Amer. Radiator
| National Distillers ......
201
G. Miskin, Esq.,
* up 1/8
Amer. Rolling Mil"
101
National Lead
164
5. S. Morrison, Esq.,
The market was dull. LONDON RUBBER
Amer. Sting and Ring Co.
.384.
.T. E. Pearce, Esq.,
Nat, Fower & Light
73
Previous close Today's close
Amer, Sugar Refining
13
National Supply Corp.
41 5/8
buyers
buyers
Change
Amer. Tel, & Tel.
1601
New York Central
11.
S POT
12-172
12-7716
DIT 1/16
Amer. Tobacco “p".
12-9/16
12-7/16
off 1/8
Amer, Waterworks
8]
(OCT.-DEC,
12-9/16
12-1/2
off 1/16
Anaconda Copper
201
Niagara Hudson Power N. American Aviation North American Co.
***
#
18
191
JAN MAR.
08-3/4
APRIL-JUNE
12-1/16 11-3/4
12
of 1/16
Atchison, T. & S. Fe.
143
Branches:
Northern Pacific
11-11/16
off 1/16
Aviation Corp.
4
Owens-lincis Glass Co.
491
Amoy
Johore
44 1/2
The market was idle.
41
**
Baldwin Lecometive. Baltimore & Ohio Barber, Asphalt Co.. Barnsdall O
141
Pacific Gas & Mec
281
Bangkok
Kobe
Rangoon Saigon
Batavia
31*
Kowloon San
CEBU
COLOMBO „DEĻUI
Packard Motors
34
91*
Bombay
Kuala
Francisco
HAIPHONO
Pan-American Airways.
131
Calcutta
8
Lumpur Shanghai
Paramount Pictures
51
Canton
London
291
Pennsylvania R.R.
191
Chetoo
Bethlehem Steel
761
„Philadelphia Read, Coal
}
Colombo
Malacca
Lyons Sonrabays
Singapore
KAMBURG HANKOW
Sungei
Bliss Co.
13+*
Phillips Petroleum
32
Dairen
Manila
Boeing Airplane. Co.
13+
Public Service of N.J.
341*
Foochow Muar
Patani Ewatow
Borg-Warner
161
Pullman Inc...
191
Briggs Mig.
194
Pure Of
71
Banker
Budd M'facturing Corp.
Harbin
.33
Radio Corpn. of Am...
Canadian Pacific: R'way
31
Reading Company, Com
13
floilo Ipoh.
Case, JI
47
Remington Arms Co., Inc.
43*
281
Republic Aviation Corp.....
#
Chesapeake & Ohio
983
Republic Steel
167
Chrysler Corpn.
72
Revere Corp.
37*
Columbia Gas & Elec.
52
Reynold Tobac. "B"
341
713 701 61
9.22 9.17 9,20 9.17 03 ct 19.41 19.35 19.39 19:40 03 up
701 71 601 011 6171
Commercial Credit Co.
301
Safeway Stores
432
Com, & Southern (Ord.)
14
Schenley Distillera
91
1 up
Consolidated Edison
27! w
Sears Roebuck
781
1 off
Consolidated Of
6
Shell Union Ol
81*
8,78 8.40 8.48 8.75
27 up
Continental Can
371
Socony Vacunum Ol
84
NEW YORK COTTON Close
Opening
Closing
Change
Continental Ofi
183
Southern Pacific
72.
L.
Oct. (New contract)
.9.20/20
9.18/18
December ( }
9.18/18
9.15/15
January March
}
9.09 N
9.073
}
9:07/07
-0.00705-
9.17/17 9.13/13 9.04 9.60/00
:03 cff
Copperwold Steel.
18
Southern Rly $5 pfd.
178
.05 of
Curtiss Wright (C)
17.
Spicer Manufacturing Co. 264
"05 off
Curtiss Wright "A"
25+
Standard Brands
BI
Deere & Co.
154
Stand Gas & Elec...........
14M
(
}
3.90/90
}
8.69/69
8.87b/893 8.68/68
8.83/83
.07. off
Distillers Corpn. Beagrams
163*
Standard Of òf California
187
is conducted by the HONGKONG
Douglas Aircraft
083*
8.62n
.07 OF
Standard Of of N.J.,
331
& SHANGHAI BANKING COR-
9.70 N
Du Pont de Nemours
1641
9.65n
.05
Stone & Webster
74
up
Eagle Picher Lead
77*
PORATION. Rules may be obtain-
Studebaker Cam
71
ed on application.
"Eaton Mig. Co.
30
Swift International
17)
Elec. Autolite
33
10.
BANKING CORPORATION.
19.39/30
1
19.35b/44a 19.40/40
.0i up
Elec. Bond & Share
5%
Texas Corpn.
35+
19.22/22
19.15b/30a
19.21/21
.01. off
Elec. Bond & Share $5 pt.
62"
Texes Gulf Sulphur
314
19.05/05
'unquoted 19.05n
19.00b
unquoted
unquoted
18.90b/19.05a 19.00b 18.900 unquoted
unch, unch
Elec Bond & Share $5 pf.
“' '71*·
Timken-Axle
24
V. M. GRAYBURN,
Chief Manager. Hong Kong. 5th Feb. 1939.
Elec. Power & Light $7 pf. Flintkote.
36
Trans-America Co.
41
14
20th Cent. "Fox.
51.
Gen. American Trans.
46
Union Bag & Paper Corp.
117
Gen. Electric
33
Union Carbide & Carbon
71
Gen. Motors
461
Union Pacife
851
September
701/703
Gen. Railway "Signal
118
700/701
413.1/2.
Towards
December
727/723
723/721
done May
744/748
1/714
.751/751
11 up
United Aircraft
36+
Gen. Tire & Rubber..
101*
United Airlines Trans
161
Glidden Co:
124
United Corpa,
17
up
Goodrich (B.F.)
11
with
Monday's sales;-12,938,000 bushels.
United Corpn. $3 cum pt.
351-
Goodrich $5 pt.
50
United Gas Corpn. ...
14
NEW YORK HIDES September
Goodyear Tire & Co.
147
United Gas Improvement 121
618/61
613/611
568/58
56/561
611/61 562/562
t off.
1 up
Great Northern Iron Ore Great Northern Rly, pfd.
13
US., Industrual Alcohol.
173*
229
U.S. Rubber
18
Great Western Sugar......
19*
CHICAGO WHEAT
US. Rubber 38 píd."
814
Greyhound Corpn..
103*
U.S. Steel
517
73ja
731/733
731a
unch.
Hercules Powder Co,
821*
Vanadium
301
744a
7414
International Harvester
40
Vultée Aircraft ...
72*
Int Nickel
264
Walworth Co.
4
8.48/48
8.44/51
8.75/75
27 up
Inter. Paper & Power ...
144.
Warner Bros. Pict
2}
at the close sellers were reported December at 5.15/32 Tor Spot.
8,73/73
8.75/70
8.95/98
22 up
Int. Tel.
Tel
24"
Westinghouse. Elec.
074
March
8.93/03
8.00/00
0.15/15
.22 up
Kenmecott Copper
273
Woodward Iron Cor.
254
Total sales for the day:-262 contracts. New York Official
Lakey Foundry & Mac. Libbey-Owens-Ford
31*
Chase National Bank
281*
Glass 381
34-3/4
National City Bank
234*
34-3/4
NY-London Cross Rate 4.02-1/2
*4.03
+-bid.
t-mex, dir.
Quiet.
STERLING
buyers at 22.5/8 for Cash
SHANGHAI DOLLARS
STA
at July
Spot
the
May July
There were sellers at 1/2.31/33 May
for near and forward, buyers
1/3 for any delivery:
U.S. DOLLARS
Business was done during
Total: sales Monday24.900_bales, CHICAGO CORN
carly part of the morning at 229) September 13 for near and 22.5/8 October December
The market closed with sellers at 22.9/16 for near and forward
January March
- Total sales: 1,980 tons.
Business was done early in the | WINNIPEG ⋅ WHEAT morning at 411. Later the highes
the close business - was
market closed
sellers at 411.
SHANGHAI MARKET
Erratic. Opened with sellers 0 December. Sterling at 3.39/64. The highest
rate touched was 3.41/64. The market closed with sellers at 3,5/8 October
Dollars opened December
with sellers at 5.13/32 for near NEW YORK RUBBER
The highest rate was 5.1/2 and September......
rate done. was
412. The
for Spot.. US.
Shanghai Exchange
Shanghai, Aug. 28 (Reuter).
Offcial T.T. Rates
New York
Opening
London
Spot Aug.
Tientsin-Pukow Rly. 5%
Technicolor
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, August 27.
The following quotations are the (Brit. Stpd. Supi. Loan) 8 middle prices at the close of the
Tientsin-Pukow Rly. 5%
market in London. All quotations (Ger. Stpd. Supl. Loan
re subject to confirmation and no Jap. 6% Ster. Loun, 1024 311 responsibility is assumed for errors Ger, 7% Intl Loan, 1924 -54
transmission.
1938/40
DOW JONES AVERAGE
High Low Dow Jones Averages
155.92 111 84 30 Industriala
30.90 22.15 20 Rails
·72 22 23 06 40 Bonda
Aug. 26, High Low Close Change
8
Atso up to date SAFE DEPOSIT Boxes in various sizes To Lat: Hong Kong. 28th" February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank
BANK OF EAST ASIA, LIMITED
For the HONGKONG & SHISHA+Authorised Capital $10,000,000.00
THE CHASE BANK
is, QUEEN'S ROAD, CENTRAL·
HEAD OFFICE:
18, PINK STRENT,
NEW YORK An American Bank offering com
plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BÓXES-
This Bank is entirely owned
THI CHASE NATIONAL BANT New Your, with Ramources of 9 17.8.$2,900,000,000.
- D. M. BIGGAR,
Scond Fios Prea
A Job?
WANT ADS
INDO-CHINA
Paid-Up Capital ..........
Beserve and Undivided
Profita
5,599,600.00
.2,983,261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
تحميط
Board of Directors: SIR SHOPSON Oвow, Chairman Li Koon Chua, Esq. -Li Lan Sang, Esq... P. K. Kwok, Eng. Wong Chu Son, Esq.. Wong Yun Tong, Esq. Kan Ting To, Esq. Chan Ching Shelf, Esq, Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager. LI THE FONG, Esq., Manager
Amoy
Estarin Bombay
Branches and Agencies:--
Relcom
Ludos
Expla
Calactin
Haiphong
Enakow
Honolulu
Kobe
PRIKAK
Banzoon
Blagsporo Bourabaya Saigon Swatow
Matbourne San Fran.” Bydney
alsoo intain
Xagaiaks
Fa York Beattle
Pariv
Potping
Bazarang
Shanghai
сойтер
Every description of Banking and Exchange business transacted. Lomná granted on approved securities. *
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter. [periodė în Local and Foreign Cur
rencies terms which will be quoted an application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager,
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA ÄR AN INTERNATIONAL EXCHANGE.
BANK
STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL $40,000,000.0
0/3-5/8 5-3/8
Aug. 28, 1940
128.71,
126.78 124.95 125.33
.38 of
Japan
22-3/4
36.80
20.87 26.80 28 85
Paris
20N
27.70 18 03 20 Utilities
32.00
22.08 21.05 $2,00
Hongkong
24
8*.29
Sterling
65,87 45 5911. Commodity Index 49.79
68 24" .02 up 50,31 Business Done :-220,000 shares
01 off 31 ap
.52 up
Sellers
Spot Aug.
Sept.
Opening Closing 0/3-11/15 0/3-41/84 0/3-11/18 0/3-41/64 .0/3-43/64 073-5/8 U.S. Dollarg
$5-9/16 $5-15/32-
5-15/32 5-9/18 Sept. 6-17/32 5-7/16 Market: Easy.. 事
Chartered Bank.........
8-3/16
2.
War Loan, 33% (Red
after 1952)«si Canton-Kloon Rig. 5% Chinese 41% Gold Loan
1898 (Brit." Issue) .... Chinese 5% Gold Bonds.
1925-47 Chin. 41% Anglo-French®
Loan, 1908.... Chinese 5% Crisp Loạn.
1912 Chinese 5% Reorg. Loan.
1913 (Lán. Is.) Chinese 8% 8ter. Notes 1925 (Vickers) ******* Chin. Imperial Rly: 8%
K. S'hai Bank (Lan Reg.......
821
1003 ..
HK 4 Bhai Bank (Col
Regu
68
Chinese Eng. & Mining
30*
(bearer),
10
Chosen Corporation...
4
35
Pekin Syndicate
2
Operating Services for Cargo and Passengera.
S'hal Elec, Constr. Co.
15
TO-
44
Shal Waterworks "A"
131
Union Insurance
20
12
Gula Kalumpong Rubber. "14".
and TIENTSIN"
B-A, Tob. (bearer)
77/6
KOBE and OSAKA'
18
Mercantile Bank
11
Dunlop Rubber
28
Bristol Aeroplane
9/3
Imperial Chemical Ind. 25/3
Loan.rese Honan Rly, 5% Hukuang Rly. 5%, 1911...
38
United Steel 21.
17/14
Woolworths......
56
Maraman Investmente
8/B
12
Western Holdings
Sub-Nigel
155
Shell. Trans. & Trad
3278
Silver Duty Rate
The Central Bank of China's rate on London at 10 am today was 1/2-1/2.
The Equalisation rate was 24-1/4 per cent.
India Rupee Paper
Bombay, Aug. 27 (Reuter), Govt, 34% Rupee, 89-12-0.
Calcatta Exchange
Calcutta, Aug. 27 (Reuter).
on Japan, 81-1/2:
LONDON GOLD
London, Aug. 27 (Reuter). Bar Gold, Fine per oz.. 168/-.
(LP: NI Issue) Sukuang, Rly, 5%. 1911
German Issue) Lung Tsing & U. Hal
Rly. 5% 1913... S'hai-N'King Rly. 5% ... 12 Tlentain-Pukow Rly. 5%
(Brit. Stpd.)... Tientsin-Pukow Ely. 5%
(German Stpd.)
(bearer) Nat Defence Bonds, 3% 1001
London-Midlands-Scot-i
tish. 3%
Great Western · Rail-
way, 3%
Naf, Bank of India, 3% - 24)
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminalia- the French Concession at Shanghai, where passengers and cargo are landed.
For further particulars
plssse apply tom
JARDINE MATHESON&Co.,Ltd. TELEPHONE ZOJIL GENERAL MANAGERS
(BEANDRES 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 o our Clients special, facilities for Domestic and Foreign Banking and- Exchange.
Head Ofee:-SHANGHAI
Hong Kong Branch;
4, QUEEN'S ROAD, C. South China Offices:
CANTON
SWATOW
SHIUCHOW
KONGMOON TOISHAN
KINGOHOW
We also handle the issue of Bondé and other Publio Funds of the Chinese Government both at Home": And Abrad,
BHOU J. CHEN,
Manager.