E
NEW YORK, August 29, 1940.
Previous August 29.
War Loan, 31% (Red
after 1052) Janton-Kloon Fly, 5% 7 Chinese 41% Gold Loan
'101
Pluminium Ltd.
Amer. Can
Amerlean Cyanamid B.
SINGAPORE RUBBER
Close
Buyers
Opening Closing Buyers
Change
1898 (But, Issuel
30
Amer. & Foreign Power ...
SPOT
37-1/2
37-1/2-
37-3/8
off 1/8
Chinese 5% Gold Bonds.
1925-47
Amer & Foreign $7 pf....
35
Amer. Locomotive ......
OCT.-DEC.
37 cts.
37 cts.
36-5/8
off 3/8
Chin. 41% Anglo-French
Amer, Metals Co.
JAN.-MAR
35 cts.
35 cts.
35 cts."
unch.
Loan, 1908
44.
Amer. Radiator
il
Chinese 5%. Crisp Loan,
Amer. Rolling Mil
1912
12
Amer. S'ting, and R'ing Co.
Chinese 5% Reorg, Loan..
Amer, Sugar Refining
__buyers......
buyers
Change
1913 (Ldn. Is.)
18
Amer. Tel, & Tel.
12-1/4
12-1/4
SPOT
r
SEPTEMBER
}
12-1/4
12-1/4
unch. unch.
Chinese 8% Ster. Notes
1925 (Vickers)
Amer. Tobacco "3",
9
Amer, Waterworks
-OCT-DEC
12-1/4
12-5/16
JAN.-MAR.
11-7/8
11-7/8
Loan
off 1/16 Chin. Imperial Rly. 5%
unch.
Anaconda Copper.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY · MARKET REVIEW
(FROM PAYNE & CO.)
The inarket was easier but quiet. LONDON RUBBER
Previous close Today's close
LONDON STOCK
EXCHANGE
"(REUTER'S SERVICE)
London, Aug. 29.
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibuity is assumed for errors in transmission.
བླ་ལ
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Alleghany Steel Co. Allis Chalmers
QUOTATION
(REUTER'S SERVICE)
AUGUST 30, 1940.
SATURDAY, AUGUST 31, 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, 1858
Reserve Funds: Sterling
Paid-Up Capital" £6,500,000 Reserve Fund H.K. Currenoy. Reserve $10,000,000 Reserve Liability of Pro-
prietors.......
เป
keserve Liability of
-Proprietors
Chairman.
£3,000,000 ...£5,000,000
................£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.0.3. Sub-Agencies In London:
117/129, Leadenhall Street, E.03 West End Branch: 14/16, Cockapur Street, S.W L
Manchester Branch:"-
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES
HABSIN
PENANG
HỒNG KONG LÀNG00% ILOILO "IPOX
SAIGON
SEREMBAN
KARADE!
SHANGHAI
SINGAPORE
-SITIAWAN-
SOUKABATA
CALOUNTA
CLIVE STREET
Chief Manager. Fax Pack KUALA
CANTON
Last Sale!
STOCKS
Last Sale
.$90,000,000
Aug. 29.
Aug, 29.
5
Lockneed Aircraft
26
Head Oface:-HONG KONG
21
Loew's Inc.......
251
33
Loft Incorperated
214
80
Mack Truck Inc.
12
Board of Directora: H. V. Wilkinson, Esq,
97
Martin, Glen L
301
331
McKesson & Robbins, pid.
21.
11"
Montgomery Ward
403
14]*
M'tain City Copper Co..
31
13
National Aviation
10
Hon. Mr. J. J. Paterson,
Deputy Chairman. J. E. Bousfeld, Esq., A. H. Compton, Esq.,
16"
Nat, Dairy Products
13
Hon. Mr. S. H. Dodwell,
78
National Distillers
201
G. Miskin, Esq.
103
National Lead
K. S. Morrison, Esq.,
161
39+
TE. Pearce, Esq.,
Nat, Fower & Light
73
ALOR STAR AMRITSAR KANGKOK BATAVIA
-13
National Supply Corp.....
C. C. Roberts, Esq.,
BOMBAY
51
181
Hon. Mr. A. L Shields,
XLANG
New York Cential
117
**73)
"Niagara Hudson Power
Sir Vandeleur M. Grayburn,”
AGUBOLES TOGE
81
|N. American Aviation
161
214
North American Co.
191
38
Atchison, T & B, Fe
151*
Northern Pacific
6
APRIL-JUNE“..
11-5/8
11-5/8
unch.
Henan Rly, 5%
9
Aviation Corp.
41
Owens-Illinois Glass. Co.
491
Amoy
Branches: Johore
LUMTUR DAWYPORI KUCHING
The market was quiet.
were on
NEW YORK COTTON: MIL demand has improved and offerings market showed resistance. a slightly larger scale. The Trade demand was substained for near shipments and we favour a constructive side.
Rukuang Rly, 5%, 1911.
(LP. N/Y Issue) Hukuang Aly. 5% 1911
~Baldwin Lecometive
-142-
"Pacific-Gas¬& Elec
Bangkok Kobe
293
12
"Baltimore & Ohio
Barber Asphalt Co.
+
There was some short covering and trade CHICAGO WHEAT! buying in anticipation or a tightening in the cash possition.
NEW YORK STOCKS: Previous close, 126.87; Today's 126.87: Change, unchange.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept
New York Hides, Sept.
Prev. Today's
(German Issue) Lung Tsing & U. Hal
Rly. 5% 1913 The market is reflecting expectation of{S'hal-N'King Rly.5% NEW YORK EURBER:
There was Tientsin-Pukow Rly. 5% Improved demand for stock and replacement purposes. some trade buying and scattered September liquidation was steadily (Brit. Stpd.)
Tientsin-Pukow Rly. 5% absorbed.
(German Stpd.) Tientsin-Pukow Rly. 5%%%
(Brit. Stpd. SupL Loan) 8 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supt. Loan) Jap. 6% Ster, Loan, 1924 32 Ger, 7% Intl. Loan, 1924 54 Chartered Bank ......
11
Barnsdall Ol
Bendix Aviation
8
Bethlehem Steel
12
Bliss & Co.
Boeing Airplane Co.
8
Borg-Warner
Briggs Mig.
Budd M'facturing Corp.
Canadian Pacific R'way
Case, L
close.
Celanese
8
Chesapeake & Ohio
Chrysler Corpn.
Columbia Gas & Elec.
G+
·Commercial Credit Co.
H.K. Shat Bank (Ldn.
Reg.)..
Com & Southeri (Ord.)
63+
Consolidated Edison
19.07 18 off
NEW YORK COTTON
Oct. (New contract)
Close
9.21/22
Closing
High Low Close Close Change
9.24 9.20 9.21 9.23 .02 up Chinese Eng. & Mining 19.20 19.05 19.25
72 714 714 711 61+ 61 611 611 9 06 8.93
B.95b
Opening
HK. S'hai Bank (Col..
Reg)
Consolidated 01
Continental Can
681
Continental Ou
(bearer)
16
Copperweld Steel
of Chosen Corporation
4
Curtiss Wright (C.)
1 off Pekin Syndicatę
2
Curtiss Wright "A"
9.00 .05 up s'hal Elec. Constr. Co.
15
Deere & Co.
Change
6'hal Waterworks "A" Union Insurance
131
Distillers Corpn. Seagrams 174
20
Douglas Aircraft
9.24/24
9.23/23
1.02 up Qula Kalumpong Rubber
13/9
Du Pont de Nemours
December (
>
-12
9.18/18
9.19/20
9:18/18
unch.
January
1
( }
9.08 "N
unquoted
9.02n
unch.
B.-A. Tob. (bearer) Mercantile Bank
78/101
Eagle Picher Lead
111
Eaton Mfg. Co.
March
{
)
0.02/02
0.03/04
9.01/04
.02 up Dunlop Rubber
23/6
Elec, Autolite
May
}
12
8.80/86
July
}
8.64 N
8.37/87 8.66/68
17
8.87/88
01 up Bristol - Aeroplane
9/3
Elec. Bond & Share
Spot
9.69 N
3.68/66 9.89n
02 upImperial Chemical Ind. 25/44
United Steel........ unch.
Elec, Bond & Share $5 pr.
17/11
Elec, Bond & Bhare $8 pr.
Total sales Wednesday:-49,000bales.
CHICAGO CORN
Woolworths............
56
Elec. Power & Light $7 pf.
Marsman Investments .. Western Holdings
.8/9
Fintkote.
9,
Gen. American Trans.
Sub-Nigel
155
Gen. Electric
September
December
January
March
May
July
19.25/25.
19.10b
19.08b
19,05/05
19.20/10 19.20/15 unquoted unquoted -19.05b
19.07b 19.12b 'unquoted.
.18 off shell Trans.
Trad.
Gen. Motors «.
.02 'up
(bearer)
32/8
Gen. Railway Bimal
Nat Defence Bands, 3% 1001
Gen. Tire & Rubber
unch
London-Midlands-Scot-
Glidden Co.
18.93b unquoted
18.92b/93a unquoted
.01 off
tish, 3%.
117
"Goddrich (B.F.)
Great Western - Rail-
Goodrich $5 pt.
Total sales-2,360 tons.
WINNIPEG WHEAT
way. 3%
272
Goodyear Tire & Co.
Nat. Bank of India. 3%
241
Great Northern Iron Ore ..
Great Northern Rly, píd..
-741/717- -711/717-
741/741 751/758
Wednesday's sales:--10,983,000 bushels.
September
December May
NEW YORK HIDES
September
December
611/614 611/611 571/571 571/571
611/61 571/571
and idla
unch
CHICAGO WHEAT
October ...i.
731a
738/738 -73
unch
December
7480.
74ta
NEW YORK RUBBER
September
8.95b
December
9.13/13
March...
9.32/32
8.97/9.01 9.00/00 9.18/16 9.11/12 9.32b/38a 9.30/30
-714/718- 741/74/ 74/744
751/758.
off
RM
Great Western Sugar
off 'unch.
Greyhound Corpn. .............. Hercules Powder Co International Harvester
Int Nickel
Inter. Paper & Power.
In the
Int, Tel. & Tel
Kermecott Copper.
Lakey Foundry & Msc, 1.3* Libbey-Owens-Ford
Total sales for the day:-201 contracts.
New York Official
34-3/4"
NC-London Cross Rate 4.03
34-3/4 4.03-1/4
SILVER MARKET
LONDON SILVER..
London, Aug. 29 (Reuter).
Suver: Little bear covering. Scarcity of offerings. Business small. Market steady.
off afternoon, the market was quiet
Spot, 23-7/16d,
Forward, 23-1/16d.
BROKERS
LOANS
New York, Aug. 29 (Reuter), .05 up Loan on securities to brokers in .02 off New York:- .02 off
Week-ended
Week-ended Week-ended
24/8/39 22/8/40 29/8/40 $489,000,000 $273,000,000 $259,000,000
1039/40
DOW JONES AVERAGE -
Aug. 30, 1940
High Low Dow Jones Averages Aug. 28, High Low Close Change.
156.92 111.84 - 30: Industrials
128.37
30.90 BRIK 20 Raila
27.21
87.70 18 03:20 Utilities
72.32 83.00 40 Bonds
22.22 BR.48
65.67 45.59 11 Commodity Index. 80.49
187.37 128.49 126.87 1.54 up 97.09 26.94 27.04.17 off 29 30 39.17 22:19 :: 03′′off 88.10.03 up $0.28 .20 off. Business Done: 280,000 shares
WEEKLY RETURNS AND REPORTS INDO-CHINA
BANK OF ENGLAND
LONDON, Aug 29 (Reuter)
Public Deposits-
Other Deposits se
Bankera
Other Accounts
118,660
51,800 170,460
STEAM NAVIGATION. COMPANY LTD.
Operating Services for Cargo and Passengers
"Aug. 22
· £.
Aug. 29 R.
14,540
8,830
123,370
48,860
TO
172,050
Government Securities
151,810
· 147,970`
Other Securities;
Discounts and Advances Securities
22,430
8,830
31,260
3,880
24,620
28,500
Notes and Colns
21,580
20,880
Total Bullien
1,160
930
Notes in circulation
609,590
Ratio of Reserve to Liabilities
11.68%
Price, of 'Gold at which holdings are valued 169/-
610,040 11.64% 168/.
Total
FEDERAL RESERVE SYSTEM
NEW YORK, Aug. 20 (Reuter),
Bills Bought
..
US Securities held
Federal Reserve Ratio
Federal Reserve Credit Out Monetary Gold. Bbock, Industrial Advance,
Aug. 24 (1939) Aug, 22
Aug. 29 (000% omitted)
1,000
2,423,000
2,446,000 2,442,000 88,83% 89.30% 89.41%
$2,441,000 2,492,000 2,480,000 16,801,000 20,800,000: 20,871,000 11,677,000-8,581,000 8.583,000
SWATOW, SHANGHAL TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth 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.,Lt TELEPHONE 3031-GENERAL MANAGERS
Haiphong (Jobore) Tientsin
Penang
Yokohama
NEW YORK PRIPING
(Peking)
TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT AccoUNTS opened and FIXED DEPOSIT 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
CCBRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CUBRENCY and Fixan Derosion application. received for one year or shorter The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rencies on terms which will be 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.
Also up to date SATI DEPOSIT Boxza 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, Bules may be chtain- ed on application...
For the HONGKONG & SHANGHAI BANTING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong 25th Feb. 1839.
THE CHASE BANK
16, QUEEN'S BOAD, CENTRAL
HEAD OFFICE:"
19, PINE STEKIT,
NEW YORK
An American Bank offering com plete Foreign Banking Service in the principal Markets of thr world.
Interest Rates ou Application
This Bank is entirely owned by
TRI CHASE NATIONAL BAKI NEW YORK, with Besources of av
- U.S.$2,900,000,000.
D. M. BIGGAR,
Second Fica · Prac
THE MERCANTILE BANK. OF INDIA, LIMITED
Head Office:-15, Gracechurch Street, London, ECA
Authorized Capite!
Subscribed Capital Paid-up Capital.. Reserve Fund and feet;
£9,000,000
£1,500,000
£1,000,000
.. 21 264,039
BANKERS: The Bank of England and Midiand
Bank, Ltd. BRANCHES:
Bangkok Ipoli
Bombay
Calentia
Dolabe
Delbl
Hongkong
Bow
Xuantes
Kandy Karobi
Kuala Trenggattu Kadras
New York
Fenang
Hangoon
Koala Lipis - ". Sili
Knala Lumpur Singapore
HONG KONG BRANCH;
BANK OF EAST ASIA, LIMITED
5,598,800.00
Authorised Capital....$10,000,000.00 Paid-Up Capital Reserve and Undivided
Profits
......2,183,281.58
Head Ofice:-HONG KONG No. 10. Des Voeux Road, Central,
Board of Directors:
8IE SHOPSON CHOW, Chairman Li Koon Chan, Esq. Il Lan Sang, Esq. P. K. Kwok, Bay. Wong Chu Son, Baq, Wong Tan Tang, Esq. Kan Ying Po, Esq. Chan Ching Shok, Esq. Fung Ping Wah Eng KAN Tosa Po, Esq., Chief Manager Li Tax Foro, Esq., Manager
Branches and Agencies: -
Korloos
London
Penang
Blogspore Bangoon Boursbaya
Mantis Salgon BatOW.
Malbourne San Fran. 8ydney Nagamis
New York Seattle
mimo „Tuntuta
COUVER
Patping! Shanghai
Every description of Banking and | Exchange business transacted. Loans
granted on approved securities.
Current Accounts opened in Loon] Currency and Fixed Deposita re- ceived for CRO year or shortar periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SATE IZPOSIT BOXES To Ler.
KAN TONG PO,
Chief Manager:
BANK OF CHINA
Specially Chartered-by
THE NATIONAL GOVERNMENT
* OF CHINA AS AN- INTERNATIONAL EXCHANGE DENGAN BANKS MADE MA PAID-UP CAPITAL $40,000,000.00
(BRANCHES ALL OVÆÐ. CHINA) Owing to our numerous Branches in China and connections in the QUELENT ACCOUNTS opened in Local Car: principal Commercial Centres of reway and. PIXED DEPOSITS ressived in Local
Brory description of Banking and Exchange
busines' transacted.
TRUSTEE AND EXECUTORSHIF
UNDERTAKEN
Quinney & BUERLING on terms that may be the World, we are able to extend scertained on syylication.
to our Clients special facilities for Domestic and Foreign Banking and Exchange.
"D. BENSON,
What do
Manager,
you want ?
If there is anything you want to buy or sell,try a small· Classified advertise.. ment in the Hong- kong Dally Press
25 words $1.50 prepaid
for 3 insertions.
Head Office:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Ofics:
CANTON SWATOW
BILIUCHOW
KONGMOON TOISHANA KINGOHOW.
We also handle the issue of Bonds and other Publis Funds of the Chinese Government both at Home and Abroad
SHOUJ. CHEN
Managtre
Batavia.
Kowloon
Rangoon Saigon San
CEBU COLOMBO
MADRAN
TAIPING TIENTSIN.. TONGEAR.
MANILA
DELHZ
MIDAN-
(Bhuket)
TRINGTAS
31
Packard Motors
31
Bombay
Kuala
- Francisco
91-
Pan-American Airways
131
72
Calcutta Lumpur Shanghai
Paramount Pictures
HAIPHONG HAMBURG BANKOW
51
Canton
London
291
Pennsylvania R.R
201
Chefoo
Lycus
Singapore Soursbaya
777
Philadelphia · Read, Coal
3
Colombo
Malacca
Suagei
134
Phillips Petroleum
32
Dairen
Manila
14
Public Service of NJ.....d
Foochow
Muar
3431
Patani Swatow
161
Pullman Inc..........
:19+
203
Bankow
Pure Oll
71
Mukden Tokyo
Harbin
31
New York
Radio Corpn. of Am.
Tsingtao
floilo
Peiping
31
Reading Company, Com
127
Ipoh
47
Remington Arms Co., Inc.
+1
281
Republic Aviation Corp. ... 41
392
Republic Steel
184
731
Revere Corp: ....
87*
51
Reynold Tobac. "B"
351
301
Safeway Stores
434
14
quoted on application.
Schenley Distillers
93.
272
Sears Roebuck
791
6.
Shell Union Oil
39
Socony-Vacunum Ofl
181
Southern Pacific
"
18+
Southern Rly $5 pfd.
71
Spicer Manufacturing Co.
261
Standard. Brands .....
15
Stand Gas & Elec.....
Standard Oil of California
71
Standard Oil of N.J.
1661
Stone & Webster
77
81
Studebaker Com,
"77
30
Swift International
181
337
Technicolor
101
51
Техая Согра
35
633-
Texes Gulf Sulphur
$1
711
Timken-Axle
24
361
Trans-America Co.
42
14].
20th- Cent. Fox
54
46
-1
Union Bag & Paper Corp.
117
33
Union Carbide & Carbon
724
40
Union Pacific. ....
114
United Aircraft
381
104
United Airlines Trans ......
**183
131
United CorDN
11
United Corpn., $3 cum pt.. 351*
50%
United Gas Corpn.
14
141*
United Gas Improvement
117
138
U.S., Industrual Alcohol.
18*
237
US. Rubber
181
20
US Rubber $8_pfd_",
821*
ΤΟΥ
US Steel
521
SAFE DEPOSIT BOXES
80*
Vanadium
31
40
Vultee Aircraft
2
Amoy
Batarit
Bomber
Celotta
Balphong
Haskow
Honolulu
ob
Beccarag
2011
Walworth Ca.
4
14
ཏིསུ་བ,
2711
Glass 3811
Warner Bros. Pict. Westinghouse. Elec. Woodward Iron Cor. Chase National Bank National City Bank
༧༤, ༤
991:
25
284* 24*
*---bid.
I-ez diy,