400
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 31, 1940..
On London:--
Telegraphic Transter. 1/2 7/3 Bank Bills, on demand 1/2 7/3 Credits 4 months' sight 1,3 1/3
On Shanghai:-
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING “HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK
STOCKS
Adama Express
STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
TUESDAY:
SEPTEMBER 3, 1940.
SEPTEMBER 1, 1940---
Last Sale!
STOCKS
Last Sale.
Aug. 31
Aug. 31
......
Lockneed Aircraft ...
272
"Alleghany Steel. Co.
22 Loew's Inc.
28
Allis Chalmers
337
Loft Incorperated
||
217
On Singapore-
Aluminium Ltd,
85
Mack Truck Inc.
On demand. 69 3/4
NEW YORK, August 31, 1940.
Amer. Can
96
Martin. Olen, L
224" 321
Previous
On Japan:-,
August 31
American"Cyanamid B.
33+
McKesson & Robbins, pídá. 211
On demand.
94
... SINGAPORE RUBBER
On India:-
Close Opening Closing Buyers Buyers
Change
Amer. & Foreign Power
1
Montgomery Ward
42
Amer& Foreign $7 pf.
18
M'tain City Copper Co.
31.
and demand
Telegraphic Transfer.
On" New York:
Bank Bills, on demand 22 1/8 Credits, 60 days' night £3 1/8
S. POT
}69 1/2
OCT.-DEC."
JAN.-MAR.
37-1/2 37-1/2 37-5/8 36-5/8 38-3/4 36-3/4 35 cts. 35-1/8 35-1/8
unch. up 1/8
Amer. Locomotive
137
National Aviation
11
J. E. Bousfeld, Esq., A H. Compton, Esq.,
Amer. Metals Co.
162
Nat, Dairy Products
131
Hon. Mr. 8. H. Dodwell,
up 1/8
Amer. Radiator
71
| National Distillers
21+
Miskin, Esq.,
The market was quiet but steady, LONDON RUBBER
Amer. Rolling 'Mai
111
National Lead.....
17+
K. S. Morrison, Esq.,.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION".
INDIA, AUSTRALIA AND CHINA corporated by Royal Charter, 1888
Authorised Capital $50,000,000 | Issued & Fully Paid Up 820,000,000
Reserve Funds: Sterling
..... £ 6,600,000 Reserve Fund £1,000,000
Paid Up Capital' ..........
.................£3,000,000 B.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Leserve Liability of
£3,000 HEAD OFFICE: LONDON:
Proprietors $20,000,000 |
المسجد
Head Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairma$99.
prietors ...
38, Bishopsgate E.0.2
Sab-Agencies In London:
117/122, Leadenhall Street, EC.
West End Branch:
情水
14/18, Cockspur Street, 8.W L Manchester Branch:
62, Mosley Street, Manchester, Sa
AGENCIES. AND BRANCHES
ΠΑΣΟΚΟΣ
HARBIN
PENANG
HONG KONG MANGOON ILOILO
ALDE STAB AMRITEAR
Previous close Today's close
„Amer, S'ting and Ring Co.
39
T. E Pearce, Esq.,
BAIGON
Nat, Power & Light
77
BATAVIA
IFOR
SEREMBAN
On Batavia
On demand
Qa Fazlik
buyers..
buyers
Change
Amer. Sugar Refining
13"
C. C. Roberts, Esq.,
BOMBAT
National Supply Corp.
G
KARACHI
SHANGHAI
41 3,8
S P.O T
12-3/18
Amer. Tel, & Tel.
SEPTEMBER-
-12-318-
Amer. Tobacco "B"
On Manila:-----
On demand
***** 44 1/4
23 3/
Bank Billa, on demand" 1083 Credits 4 months' aight 1160
On Sulgon:
On demand
On Bangkok:-
"On demand... 149 1/2
On Sterling Notes:-
Bank Buying Rate... Bar Silver per 02. ..............
Shanghai Exchange
Shanghal, Sept. 2 (Reuter)..
Official T.T. Eätes
OCT.-DEC. JAN.-MAR.
APRIL-JUNE
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:...Mill 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 (REUTER'S SERVICE)
Baldwin Lecometive: Baltimore & Ohio Barber Asphalt Co. Barnadall Of
12-3/18 Market closed
11-7/8
11-5/8
Amer, Waterworks Anaconda Copper Atchison, T. & S. Te. Aviation Corp......
Bendix Aviation
Bethlehem Steel
Bliss Co.
Boeing Airplane Co.
Borg-Warner
Briggs Mfg.
Budd M'facturing Corp.
Cariadian Pacifc. R'way
Opening
London
0/3-1/2
New York
Japan
5-3/16 22:
India
19-3/BN
New York Cotton, Oct. Chicago Wheat, Sept. Chicago Com, Sept.
High Low
9.32 0.27 9.29 *734 721 73
611 61+
Prev. Today's Close
Case, ¿I
Celanese
Close -Change
9,29 731
Chesapeake & Ohio
unch.
Chrysler Corpn.
+ up
Columbla Gas & Mec
611 614
off
Commercial Credit Co.
Hongkong
23-1/4
Sterling
NEW YORK COTTON Oct. (New contract)
Close
Opening
Closing
9.29/29
9,27/27
9.29/30
Change unch,
Com, & Southern (Ord.)
Consolidated Edison
Sellers
December (
}
9.23/23
9.22/23
9.25/25
.02 up
Consolidated Of
Opening Closing
January
(
)....9.13 N
9.12b
9.150
.02 up
Continental Can
Spot
0/3-19/32 0/3-35/64
March
{
9.09/09
'0.08/07
9.00/01
.03 off
Continental Of
Sept.
0/3-37/64 0/3-35/64 May
..
}
8.91/91
8.90, 90
Oct.
0/3-17/32 July
}
8.89/69
8.70/70
U.S. Dollars
Spot
9.73 N
8.90/90 8.68/68 9.71n
.01 off
Copperweld Steel
.01 öf
Curtiss Wright (C)
.02 of
Curtiss Wright “A”
8pot
$5-3/B
$5-9/32
Total sales Friday:—45,200 bales.
Deere & Co.
Sept.
CHICAGO WHEAT
Distillers Corpn. Seagrams" 17" -
Oct.
·Douglas. „Aircraft Av/Ava, 173',5'
September
73/731
723/728
December
7531.758
754/751
May
771/771
731/731 751/751 702/77
up
Du Pont de Nemours
i up
Eagle Picher Lead
i off
Eaton Mfg. Co.
"
Friday's sales:-22,748,000 bushels. CHICAGO CORN
„Elec, Autolite
Elec. Bond & Share .....
September
618/012 6177611
614/014
off
Elec. Bond & Share $5 pt." _64
December
570/571
573/578
574/574
I up
Elec. Bond & Share $8 pf.
WINNIPEG WHEAT
Elec. Power & Light $7 pf.
matkote
October
738a 74ja
738a
73ja
unch.
Gen American Trans.
# 7488
4.03-1/4
Gen. Electric
in transmission.
1912
18
ཚུས ཿཨཱ
£
101-5/18
Janton-K'loon Rly. 5% Chinese 41% Gold Loan *
1898 (Brit Issue)....... Chinese 5% Gold Bonds,
1925-47
Tin And Its Uses
30
35
Goodyear Tire & Co...
Great Northern Iron Ore ..
Great Northern Rly, pfd.
Great Western Sugar Greyhound Corpn. Hercules, Powder Co. International Harvester Int: Nickel
12
Inter. Paper & Power Int. Tel. & Tel.......
new
Kenrecott Copper. Lakey Foundry & Mac....... Libbey-Owens-Ford Glass 24
Honan Rly. 5%
Hukuang Rly. 5%, 1911...
(LF. N/Y Issue)
12
Bukuang Rly 5%, 1911.
(German Issue)
Lung Tsing & U. Ha!
Rly. 5% 1913.
a
6hal-N'King Rly. 5%
12
Tientsin-Pakow Rly. 5%
(Brit. Stpd.).
Tientsin-Pakow: Rly, 5%
1939/40
87.70 18 03 20 Utilities.
5-11/32 5-1/4
5-3/16
Market: Inclined to be easy.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
Loudon, August 30.
The following quotations are the
middle prices at the close of the December
market in London. All quotations | NY-London Cross Rate 4.03-1/4 aře subject to confirmation and no responsibility is assumed for errors
-War Loan, 31% (Red
after 1952)
Chin. 41% Anglo-French
Loan, 1908 ̧.•
Chinese 5% Crimp Loan,
Chinese 5% Reorg. Loan,
1913 (Ldn. Is.)
Chinese 8% Ster. Notes,
1925 (Vickers)
Chin Imperial Rly. 5%
Loan
(German Stud.) Tientsin-Pukow Bly 5%
(Brit. Stpd. Supl. Loan) 8 "Tientsin-Pukow Rly."5%%-
(Ger. Sfpd, Supl. Loan) 8 Jap: 6% Ster. Loan, 1824
NOTICE: All American markets will be closed on Monday, Sep- tember 2. "Labour Day."
Gen. Motors
Gen. Railway Signal
Gen. Tire & Rubber
Glidden Co...... Goodrich (B.F.)
WAR-TIME PRICE Goodrich $5 pt.
MOVEMENTS
Cont. From Page 9
The sixth issue of this Quarterly Review of the International Tin Government have generally been Research and Development Coun-of good effect. cil. contains an illustrated article,
Under war conditions, advances. describing
4. special tinning in prices must be expected. The machine: designed to produce more cost of imported raw materials is uniform and less porous tin coat greater with higher shipping and Ings on tinplate. This machine
insurance embodies certain
costs as well as the features premium on United States dollars which are not yet employed in in-in terms of the Canadian unit. To dustrial practice, one of which is a these factors must now be added device for securing a smooth drive the new tax of 10 per cent applied for the rollers.
on all imports from non-British Another article which is of par- countries, ticular interest at the present time, explains the uses of fusible sorb the increased imports through
Domestic prices also have to ab alloys for the mounting of dies excise and other taxes on such and punches for press-tool work, commodities as tea, coffee, tobacco, for foundry work and for bending alcoholic beverages and more re- tubes and sections.
cently on automobiles and radios.
An article entitled "Fluxes for
the
The cost of living in Canada,
for Soldering" gives important in- based on the retail prices of foods. formation regarding the types of fuel, clothing and various sundry Qux avaliable and which each type is sulted. Fur risen nearly as rapidly as whole uses to commodities, and reat, has not ther detalls are given in this issue sale prices. Eetween May 1939
as to the best methods of ensur and May 1940 the increase is only
High Low Dow Jones Averages Aug. 30, High Low Close Change 35699-111.84 30 Industrials
35.90 £2.15 20 Rails
92.22 83.06 40. Bonds
Sir Fandeleur M. Grayburn,
Chief Manager.
Sourabays
Patani
Swatow
(Johore) Tientair Mukden Tokyo
Pensag
Yokohama
KLANG
LUMPUR
AGENCIAS~~"ZUBE OLITI STREET FAIRL PLACE KUALA CANTON CAWNPORE CKBUT QOLOMBO
KUCHING
MADRAS MANILA
NEW YORK
(Peking)
80URAMYA TAIPING TIENTS IN TONGKAR
(Bhuket)
TSINGTAO YOKOHAMA
"FOREIGN EXCHANGE and Generai Banking Business transacted.
CURRENT Accoum opened and FIXED DEPOSITS received for Ons Year or shorter periods in Local or Other Currencies st rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Starling with CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee rencies an terms which will be business, and claims recovery of quoted on application,
British Income Tax overpaid, on
in various sizes To Lar Hong Kong, 28th February, 1940.
ALSO up to date SAFE DEPOSIT terms which may be ascertained st
any of the Agencios and Branches.
R. A. CAMIDGE,
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COB- PORATION. Rules, may be obtain- ed on application.
For the Hosokong & SHANGHAI BANKING CORPORAŽION,
Y. M. GRAYBURN,
Chief. Manager. Hong Kong 15th Feb., 1939.
THE CHASE BANK
18, PINE STREET,
NEW YORK An American Bank offering com
plete Foreign Banking Bervior in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned
THY CHASE NATIONAL BANT
New York, with Besources of OTIS 17.8.$2,900,000,000.
D. M. BIGGAR,
Sabond Vice Pre
A job?
WANT ADS
INDO-CHINA
BANK OF EAST ASIA, LIMITED
5,598,800.0*
Authorised Capital....$10,000,000.JO. Paid-Up Capital .......... Beserve and Undivided.
Profts.
................2,483, 287; 15tr
Head Office:-HONG KONG No. 10 Des Voeux Boad, Central:
Board of Directors: SIE SHOREON. Cnow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wang Chu Son, Esq. Wong Tan Tong, Esq. Kan King Po, Bag. Chant Ching Shok, Esq. Fang Ping Wah Bay KAN TONG Po, Esq., Chief Manager La Ta Fona, Esq., Manager
ふかの
Branches and Agencies::
Pening Blog poro Вклерод
Botir bar
Koron
Boudon
Bombay. Mazda. Saigon Hwyldw
Galentia
Kelphong Bankow
Labe
Melbourne Bax fraz. Bydney Magazaka
-New York Benttie
Every description of Banking and Exchange business transacted. Loans granted on approved securities,
Current Accounts opened in Local Currency and Fixed Deposite re- ceived for one year or shorter perioda in Local and Foreign Cur
on terms which will be quoted on application.
SAVE EEPOSIT BOXES TO LE
rencies
KAN TONG PO,
Chief Manager
BANK OF CHINA
Specially Chartered by. THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
KAMER BANK
bearing abells of cast-iron at 3.5 per cent. and since: Augusta STEAM NAVIGATION COMPANY LTD PAID UP CAPITAL, 340,000,000.00
and per cent. The cost of living index averaged 85.5 during the
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
Other articles give examples of first five months of 1940 against Operating, Bervices for Cargo and Passengers technical difficulties encountered 83.1 for the same period in 1939, by tin consumers and of the Coun-As in wholesale prices, the major cil's suggestions for overcoming increase occurred during the early them; this service of technical ad- months of the war; since January vice is available to any firm en- the index shows a rise of less than gaged on processes in which tin is one per cent. Of the cost of living. involved.
Coples of Tin and its Uses may the most pronounced advance, 7.8 groups, clothing prices have shown be obtained free of charge from per cent from May 1939 to May, the International Tin Research 1940, and 3.4 per cent since Janu- and. Development Council, Fraser ary Road, Greenford, Middlesex, Eng- land.
32
Ger 7% Intl. Loin, 1924
51
alloy steel,
Chartered Bank...
EE. & Shal Bank (Lan.
Reg.)
ELK. & 8'hai Bank (Col
Reg)
60+
Chinese Eng. & Mining [(bearer)......
Chosen Corporation in 4 Pekin Syndicate
S'hai Mec Constr. Co. .....
15.
Shal Waterworks "A"
"13
Union Insurance
20
Gula Kalimpong Rubber "13/9
B-A. Tob (bearer),
76/101
Mercantile Bank
112
Dunlop Rubber
28/7
Bristol Aeroplane
073
Shell Trans & Trad
bearery!"
32/8
Imperial Chemical Ind. 25/44
United" Steel.......
17/41
Nat Defence Bonds, 3% 101: London-Midlands-Scot
Woolworths
56/6
tish, 3
Marsman Investments
8/9
Great Western
112 Rall-TRE
Western Holdings.
1973
way 6%
271
Sub-Nigel
165
Nat. Bank of India, 8% 241
Food prices reacted quickly to the outbreak of war and rose by about 5 per cent but practically no change has been reported since the turn of the year,
During the past year, fuel prices have risen approximately 3 per cent, rents 1.7 per cent while sun- dry commodities entering the cost
SINGAPORE, PENANG and "CALCUTTA BANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal ;in' the French Concession at Shanghai, where passengers and cargo are landed.
For further particulars
please App
HAPPINE
N&Co.,LT
of living were about 13 per cent TEOZORILOGENERAL MANAGER
higher.
*** (BRANCHES ALL OVER
Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend o our Cliente special facilities for Domestic and Foreign Banking and Exchange
Head Office:-SHANGHAI Hong Kong Branch:
4 QUEEN'S ROAD, C South China Officers
CANTONA KONGMOON SWATOW
TOISHAN
SHIUCHOW
KINGCHOW
We also handle the issue of Bonda and other Publio Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN
Hon Mr. A. L Shields,
CALOUTTA
162
BINGAPORE
-T51
New York Central Niagara Hudson Power
131
"BITLAWAN
ፕ
87
•
N. American Aviation
1t;
21
North American Co.
201
161
Northern Pactic
**
13
Owens-linois Glass Co.
514
Amoy
Branches: Johore
153
Bangkok Kobe
Pacific Gas & Elec
291
Batavia
Kowloon
Rangoon Saigon San
DELHI
MEDAN
4
Packard Motors
37
Bombay
Kuala
Francisco
HAIPHONG
10
Pan-American Airways
141
Calcutta
Lumpur Shanghai
8
Paramount Pictures
51
Canton
London
HAMBURG HANKOW
PRIFING
Singapore
.31
Pennsylvania R.R
21
Chefoo
Lyons.
30:
Philadelphia Read, Cosl
Colombe
Malacca
Sungei
144
| Phillips' Petroleum
34
Dairen
Manila
151
Public Service of N.J.
35+
Foochow
Muar
171
Haiphong
Pullman Inc....................
201
Bankow
203
Pure O
71
Harbin
4..
New York Tsingtao
Radio Corpn. of Am.
5
floilo."
4
Peiping
Reading Company.
Com
13#
[pob
*49+
Remington Arms Co., Inc.
42'
201
Republic Aviation Corp.
407
Republic Steel
174
...
751
Revere Corp...
91
58
Reynold Tobac. "B"
38
321
Safeway Stores'.
441
14
Schenley Distillers
10
28
Sears Roebuck
801
Box
6
Shell Union Oil:
8+
394
Socony-Vacunu Oll
81
18.
Southern Pacific-
81
131
Southern Rly $5 pfd.
19
81
Spicer Manufacturing Co. 303
271
Standard Brands ......
161
Stand Gas & Elec.
1+
Standard Off of. California
181
Standard- Oll of NJ
344
167
Stone & Webster
8
81
Studebaker Com.
71
31*
Swift International
174
351
བ་
Technicolor
10
Texas Corpn.
353
Texes Gulf Sulphur
314
71*
Timken-Axle .................
251.
37
Trans-America Co.
47
147
20th Cent, Fox.
53°
464
Union Bag & Paper Corp.
134
34
Union Carbide & Carbon
744
481
Union Pacific
86
12
United Aircraft
401
111
United Airlines Trans
164
-18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
147
12.
United Corpo
2...
51.
United Corp. $3 cum pf.
351*
United Gas Corpn. ...
13
154
144
United Gas "Improvement
117
U.S., Industrual Alcohol.
181*
254
U.S. Rubber
191
201
Batavia
DS. Rubber s8 pfd.
821
11t
U.S. Steel
544
823
Vanadium
32
401
Kenolaja
Vultee Aircraft
8
Parts
Polylag
duse Then thin
Betaca Shangha
271
Walworth Com.
43
151
Warner Bros. Pict
21
•21*
Westinghouse Mec,
102
281
Woodward Iron Cor
25*
31
Chase National Bank |National City Bank
29.
244
*....kid.
DOW JONES AVERAGE:
Sept. 1, 1940
128.88
$27.71
23:38 82177
65.87 45.59 11 Commodity Index 80:88
18 up .07 up ..14 up Business Done -380,000 shares
120.88 128.94 129.42.84 up
27.94 27.69 27,90 £2.49 22.39. 22.45 88.91