Adams Express
COMMODITY - MARKET
REVIEW
Allegliang Steel Co.
Allis Chalmers
On Singapore:--
On demand
On Japan:-
On demand
On India:
(FROM PAYNE & CO.)
Aluminium Ltd,
Amer. Can
59 3/4
NEW YORK, August 31, 1940.
94
SINGAPORE RUBBER
Previous August 31
Close Opening Closing Buyers Buyers
American Cyanamld B
Change
Amer. & Foreign Power
AmerForeign $7 pt.
On New York:-
Telegraphic Transfer.
and demand
Bank Bills, on demand 92 1/8 Credits, 60 days' sight 23 1/8
Amer. Locomotive
-89 1/2
SPOT
37-1:2
OCT.-DEC."
36-5: 8
JAN. MAR.
35 cts.
37-1/2 37-5/8 36-3/4 36-3/4 35-1/8 35-1/8
unch. up 1/8. up 1/8
Amer. Metals Co.
Amer. Radiator
Amer. Rolling Mi
#
On Batavia:-
On demand
On Paris:-
59
The market was quiet but steady. LONDON RUBBER
Amer. S'ting and Ring Co.
PACE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 31: 1940.
On London:-
Telegraphic Transfer. 2 7/8 Bank Bulls, on demand 1/2 7/8 Credits 4 months" sight 1/3 1/2
On Shanghai:—
On demand........... 400
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
· HONGKONG-
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
SEPTEMBER 1, 1940.
MONDAY,
SEPTEMBER 2, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
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:
Paid-Up Capital £6,500,000 Reserve Fund...
Sterling
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Llability of
£3,000,000 ..£3,000,000
prietors
£3,000,000
HEAD OFFICE; LONDON:
38, Bishopsgate E.0.2.
Sub-Agencles In London: 117/129, Leadenhall Street, E.Q.3 West End Branch:
14/16, Cockspur Street, 8.W
Manchester Branch:
52, Mosley Street, Manchester,
AGENCIES AND BRANCHES ·
ALOE STAR HABBIN AMBITUAR HONG KONG
·HANGTOK.: ILOILO
IPOH
Last Sale |
STOCKS
Last Sale
Proprietors
$20,000,000
Aug. 31
Aug. 31
51
Lockneed Aircraft
273
Head Office:-HONG KONG
02
Loew's, Inc.
56
331
Loft Incorperated
213
85
Mack Truck Inc.
22)*
Board of Directors: H. V. Wilkinson, Esq.,
96
Martin, Glen L.
321
33).
McKesson & Robbins, pfa. 211
11
Montgomery Ward
42
18
M'tain City Copper Co.
31
Chairman. Hoa. Mr. J. J, Paterson,
Deputy Chairman. J. K. Bousfield, Esq.,
131
National "Aviation
11
A. H. Compton, Esq.,"
163
Nat, Dalry Products
131
Hon. Mr. 8. H. Dodwell,
PENANG
71
National Distillers
21
G. Miskin, Esq.,
U
K. S. Morrison, Esq.,
National Lead
174
KANGOON SAIGON
T. E. Pearce, Esq.,
39
Nat, Power & Light
C. C. Roberta, Esq.,
41 3/8
buyers
Previous close Today's close
buyers
Amer, Sugar Refining
13.
BATAVIA BOMBAY
BEREMBAN
National Supply Corp.
B
Hon. Mr. A. L. Shields,
CALCUTTA
KARACH L ELANG.
SHANGHAL
Change
Amer. Tel, & Tel.
SINGAPORE
100
New York Central
13+
Amer. Tobacco "B"
751
SPOT
12-3:16
Niagara Hudson Power
4
Wir Vandeleur M. Grayburn,
AGENCIES: KOBE..
SITIAWAN
On Manila:-
Bank Bills, on demand 1085 Credits 4 months' sight 1160
On Salgon
On demand
On demand
On Bangkok:-
Amer. Waterworks
BB
SEPTEMBER
12-3/16
N. American Aviation
-Chief Manager. FATECIL PEACE~KVÁ£A~
CLIVE STRE
SOUBABATA
174
CANTON
LUMPUE
TAIPING
OCT,-DEC.
12-3:16
Market closed
Anuconda Copper
212
North American Co.
201
Branches:
."
Atchison, T. & S. Fr.
161
JAN.-MAR.
96.1/4
APRIL-JUNE
11-7/8 11-5/8
Northern Pacide
23
Aviation Corp.
43
Aamoy
Owens-Illinots Glass Co.
514
་
-44-1/4
On demand
149 1/2
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
23 3/8
Oct. (New contract)
December (
9.
January (
}
March
Market Report
FROM ROZA „BROS.
Saturday. August 31. The price for Ready Silver drop- ped: 1/16 to 23.3/8 but the For- ward rate rose 1/16 to 23.1/8. Sliver advices reported Speculators
-NEW YORK COTTON; The trade estimates exports in this sea- son to be not exceeding 2,500,000 bales as against something over 6.250.000 during last season.
NEW YORK RUBBER: Market closed.
CHICAGO WHEAT:...ME1 buying and price-fixing on the wheat market was offset by hedge-selling.
NEW YORK STOCKS: Previous close, 128.88; Today's close. 129.42: Change, up .54.
NEW YORK COMMODITY MARKET
as having bought to.a small ex- New York Cotton, Oct. tent. The market was steady but .Chicago Wheat, Sept. quiet. American Silver was quot-Chicago Corn, Sept. ed at 34.3/4 for Spot.
The London-New York cross- rate was quoted at 102.1 2. New York-London was quoted at 403.-
1/4.
NEW YORK COTTON
(REUTER'S SERVICE)
Prev. Today's
High Low Close Close Change
9.32
Bliss Co.
Baldwin Lecometive
151
Bangkok
Johore Rangoon Kobe
Pacific Gas & Elec
........
291
Batavia
Kowloon
Saigon San
Baltimore & Ohio-
Packard Motors -- www.
BA
Bombay
Kuala
Francisco
Barber Asphalt Co. Barnsdall Ou 'Bendix Aviation
10
Pan-American Airways
14)
Calcutta
Lumpur
Shanghai
8.
Paramount Pictures
-57
Canton
London
Singapore
31
-Pennsylvania F.R.
21
Chefuo
Lyons
Sourabaya
Bethlehem Steel
801
Philadelphia Read, Coal
}
Colombu
Malacca
Sungei
14)
Phillips Petroleum
34*
Dairen
Manila
Boeing Airplane Co.
15
Public Service of N.J
Foochow
Muar
Patani Swatow
351
Borg-Warner
173
Pullman. Inc........................................
201
Briggs "Mfg.
203
Pure Ou
Budd M'facturing Corp.
4
Radio Corpn. of Am.
5
Bankow Harbin Iloilo
Mukden
Peiping
Canadian Pacific R'way
4
Reading Company, Com
132
Ipoh
Penang
Case, 7.1
49*
Remington Arms Co., Inc.
43*
Celanese
291
I
Republic Aviation Corp.
43
Chesapeake & Ohlo
407
Republic Steel
174
Chrysler Corpn.
751
Revere Corp.
'
Columbla Gas & Mec.
51.
Reynold Tabac., "B"
36
9,27 9,29 9.29
unch.
Commercial Credit Co.
321
731
721
.73
614 611
731 611 611
Close
Opening
Closing
9.29/29
9.27 27
9.29/30
1 up off Change unch.
Com. & Southern (Ord.) Consolidated Edison
11. Schenley Distillers
Safeway Stores
444
quoted on application.
"10
28
Sears Roebuck
80
Consolidated O
61
Shell Union Ol
01
Also up to date SAF DEPOSIT Boxes in various sizes To Lar Hong Kong, 28th February, 1940,
Continental Can
393
Socony-Vacunum Oil
81
Continental Ol
18"
2- BAIPHONG
Haiphong (Johore) Tientsin
Tokyo New York Tsingtao
Yokohama
HAMBURO BANKOW
MANILA
-NEW YORK-YOKOHAMA
PRIPING
(Peking)
FOREIGN EXCHanos and General Banking Business transacted.
CURRENT Accous opened and FIXED DEPOSIT received for Ons Year or shorter periods in Local of Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
CURRENT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPorrs on application. Feceived for ene year or shorter; The Bank's Head Office in London periods in Local and other Cur- 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 Breaches.
R. A. CAMIDGE,
Manager.
CAWNPORE KUCHING CENT COLOMBO
TIENTSIN
MADRAO
TONGKAR
DELHI
MIDAN
(Bhuket)
TBINGTAO
Southern Pacific,
81
9.23/23
9.22123
9.13 N
9.120
9.25/25 9.15m
.02 up
Copperweld Steel
.02 up
Curtiss Wright (C.)
9.09/09
9.08/07
MARKET
Quiet
May
(
}
8.91/91
8.90 90
July
}
8.69/69
5.70/70
Spot.
9.73. N
9.08/07 8.90/90 8.68/68 9.7in
.03 off
Curtiss Wright “A” ..............
.0.1 off '.01 off
Deere & Co.
September December May
73/731
753/751
771/778
723/727
73)/731
751/751
751/753 763/77
Friday's sales:--22,748.000 bushels,
CHICAGO CORN
**** 614/613 -573/571
61,61
571/578
611/611 573/572
7330 74ja
73ja
738a 74ja
4.03-1/4
STERLING
Total sales Friday: 45,200 bales. CHICAGO WHEAT
There were sellers at 1/2.31/32 October and probably November. buyers at 1/3 for any delivery.
US. DOLLARS Business was done early in the morning, at 22.7/16 for Cash fol- lawed by transactions at 22.3/8 for Cash. The market closed with sellers at 22.3/8 for near and 22 September 7/16 November, buyers at 22.7/16 for Cash.
SHANGHAI DOLLARS Opened with sellers at 416 with business done subsequently as high as 420.1/4. The market, then reacted and business was done at 419 At the close there were sel- lers probably at 420.
SHANGHAI MARKET
December WINNIPEG WHEAT
Octáber December
NY-London Cross Rate 4.03-1/4
NOTICE: All American" markets will be closed on Monday, Sep tember 2, "Labour Day."
Sterling opened steady with sel- LONDON STOCK | LONDON MONEY
lers at 3.19/32" and closed easy
with sellers at 3.35/64 for Spot. U.S. Dollars opened with sellers at 5.3/8 and closed easier with prob- able sellers at 5.9/32 for Spot.
Shanghai Exchange
A
Shanghai, Aug. 31 (Reuter).
Official T.T. Rates
Sellers
EXCHANGE
(REUTER'S SERVICE)
London. August 30.
MARKET
LONDON, Sept. 1 (Reuter)—In the Money Market despite some during offerings
The following quotations are the contraction in middle prices at the close of the the past week borrowers continued
obtain Ioans market in London. All quotations | to
cheaply. The are subject to confirmation and no whole of the £65,000,000 Treasury responsibility is assumed for errors bills offered were allotted at an In transmission.
101-5/16 7
average rate of £1. Os. 6:31d. which WES fractionally in the market's favour.
The Market, however, dis- appointed with their allotment of 27 per cent compared to 56 per cent, last week. The reduced quotation was attributed to large replacement demand by cer- tain Institutions.
1939/40
DOW JONEB AVERAGE
High Low Dow Jones Averages 165.92 111 84 30 Industrials
35.90 22.15 20 Balls
32 13 83.06 40 Bonda
Sept. 1, 1940.
Aug. 30, High Low Close Change 129.46 128.94 128.42
128.88
Distillers Corpn. Seagrams
.02 off
Douglas Aircraft
Du Pont de Nemours
Eagle Picher Lead
Eaton Mig. Co.
up
Elec. Autolite
i up
Elec. Bond & Share
off
Elec. Bond & Share $5 pt. 64
Elec. Bond & Share $6 pf.
Elec. Power & Light $7 pr.
off
Fintkote
Gen. American Trans.
up
Gen: Electric
Gen. Motors
inch
Gen Railway Signal.
Gen Tire & Rubber
Glidden Co.
Goodrich (B.F.)
Goodrich $5 pt,
Goodyear Tire & Co.
Great Northern Iron Ore ..
Great Northern" Rly, pid,
Great Western Sugar Greyhound Corpn. Hercules Powder Co International Harvester Int Nickel
Inter. Paper & Power Int. Tel, & Tel
Kenmcott Copper Lakey Foundry & Mac. .... Libbey-Owens-Ford
.54 up
27.71
27.70 1803 20 Utilities
22,38
82.77
27.94 27.69.-27.90 22.49 22.30 -22,45 88.91
..19 up .07 up .14 up
66.87 45.80 11 Commodity Index. 60.88
Business Done---300,000 shares
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ad on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN, ..
Chief Manager. Hong Kong. 25th Feb., 1939.
THE CHASE BANK
18..QUEEN'S ROAD," CENTRAĪ
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com
plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
This Bank is entirely owned by THX CHASE NATIONAL BANK. NEW YORK, with Besources of orst U.8.$2,800,000,000,
D. M. BIGGAR,
Second Fios Pro z
A job?
WANT ADS
INDO-CHINA
BANK OF EAST ASIA, LIMITED
5,599,800.00
Authorised Capital......$10,000,000.00 Paid-Up Capital......... Reserve and Undivided
Profits...
2,153,261.50
Head Office:-EONG KONG No. 10 Des Voeux Road, Central. Board of Directors:
SIR SHOPSON CHow, Chairman Li Koon Chan-aq---Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Sea, Esq. Wong Tun Tong, Esq. Kan Ting Fo. Reg. Chan Ching Shok, Esq. Feng Ping Wah Eaq KAN TONG Po, Esq., Chief Manager Lt Ter Foxo, Esq., Manager
Branches and Agenciza:--
Korries Penang London.Hangoen
Blagapore Bourabaya
Hanila Balon Bwator
Kalbourne Ban Fran- Bydnay Nagasaka
aloo Tintin /
couver
New York Seattle Paris
Bearing Palping Shanghai
Every description of Banking and Exchange business transacted. Loans granted or approved securities,
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application."
SAFE CIPOSIT Boxes To Ler.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN „INTERNATIONAL EXCHANGE
BANK
STEAM NAVIGATION COMPANY LT PAID-UP CAPITAL $40,000,000.00
Operating Services for Cargo and Passengers
Opening
£
London
0/3-1/2
New York
Japari...
5-3/16 22
War Loan, 34% (Red
after 1952)
Canton-K'loon Rly. 5%
India
Hongkong
19-3/8N 23-1/4
| Chinese 41% Gold Loan
1898 (Brit. Issue)
30
Sterling
Chinése 5% Gold Bonds,
1925-47
35
Opening Closing
Chin. 44% Anglo-French
Spot
0/3-19/32 0/3-35/64
Loan, 1908
44
Sept.
Oct.
U.S. Dollars
$5-3/8
וני
0/3-37/64 0/3-35/64 Chinese 5% Crisp Logn.
0/3-17/32
Spot ***** Sept 5-21/325-1/4- Oct.
35-9/32
5-3/16 Market-Inclined to be easy.
Silver Duty Rate The Central Bank of China's rate on London at 10 am, today was 1/2-1/2d.
+
The Equalisation rate was 24 per cent."
Calcutta Exchange
Calcutta, Aug. 31 (Reuter). T.T. on Japan, 81-1/2.
SILVER MARKET
BOMBAY SILVER
Bombay, Aug. 31 (Reuter). Market Quiet but steady, Off- take 100 bars.
Applications for bills reached
1912 Chinese 5% Reorg. Loan
1913 (Ldn: Is.) .....
12
the record figure of 134.9 millions.
Wall Street closed firm.
18
Chinese 8% Ster, Notes,
1925 (Vickers) Chin. Imperial Rly, 5%
Loan Honan Ely, 5% Hukuang Rly. 5%, 1911...
Chinese Eng & Mining
(bearer)
16
38"
Chosen Corporation
Pekin Syndicate
2
S'hal Elec. Constr. Co.
IS
(L.P. NY Issue) Hukuang Rly. 5%, 1011
12
S'hai Waterworks “A”
TO-
13
Union Insurance
20
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
(German Issue) Lung Tsing & U, Hai
Rly. 5% 1913
Gula Kalumpong Rubber 13/9- B.-A. Tob, (bearer)
and TIENTSIN
8
Mercantile Bank
S'hai-N'King Rly, 5%
12
Dunlop Rubber
78/101. 111 28/71
Tientsin-Pukow Rly. 5%
Bristol Aeroplane........ 9/3
(Brit. 8tpd.) ... Tientsin-Pukow Rly. 5%%
(German Stud.) Tientsin-Pukow Rly, 5% (Brit. Stpd. Supl., Loan) Tientsin-Pukow Rly. 5% (Ger. Stpd, Supl Loan) Jap. 6% Ster. Loan, 1924 32 Ger, 7% Intl. Loan. 1924 "55
Imperial Chemical Ind. 25/4
United Steel-
17/14
Woolworths
58/6
Marsman Investments
8/9
8
Western Holding
9/3
Sub-Nigel
155
Shell Transde
Trad..
1 bearer)
32/6
Chartered Bank
B1
Nat Defence Bonds, 3% 101 London-Midlands-Scot-
Indian Mint Silver
H.K. & 8'ha! Bank (Ldn.
tish, 3%
112
Ready
03-07
Reg.
83+
Great Western Rall-
Jept. 25 Settlement
Aug 23 Settlement
03-06
H.K. & Bhai Bank (Col.
*way. $%
271
Regi
68+
|Nat. Bank of India, 3%
241
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 particulare
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE 30XIE GENERAL MANAGERS
(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 Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices;
[CANTON ...
SWATOW
SHIUCHOW
KONGMOON TOISHAN
KINGCHOW"
We also handle the issue of Bonda and other Publie Funds of the Chinese Government hoth at Home. And Abroad,
SHOU 'J. CHEN,
· Managır.
181
Bouthern Rly $5 ptd.
197
84
spiser Manufacturing Cq.
301
271
Standard Brands
163
Stand Gas & Elec.
14
-17"
Standard Off of California
181
73
Standard Oil of N......
347
167+
Stone Webster
д
81
Studebaker "Com.
77
.31"
Swift International
17/
351
Technicolor
10
52
Texas Corpn.
353
Texes Gulf Sulphur
314
71*
Timken-Axle ..........
257
37
Trans-America Co.
47
147
20th Cent. Fax.
52*
463
Union Bag & Paper Corp.
121.
34
Udon Carbida & Carbon
741
481
Union Factfic
-86
121
United Aircraft
11
United Airlines Trans
147
United Corpo
184 2
12
United Corpn. $3 cum pt. 351*.
51*
United Gas Corpn.
14*
157
United Gas Improvement
117
144
U.S., Industrual Alcohol,
181*
251
U.S. Rubber
191
201*
US. Rubber $8 pfd.
82
111
U.S. Steel
541
SAFE DEPOSIT BOXES
821
Vanadium
32
40
Vultée Aircraft
8
ADS Batavia Bombay
Haiphong Hunkow Sapalaka
Loba
273
Walworth Co..............
"47
151
Warner Bros. Pict
22
21"
Westinghouse Elec.
102
281
Woodward Iron Cor.
25*
3+
Chase National Bank
29*
Glass 21
National City Bank
241*
• bid
I-ex, div,