STOCKS
Adams Express
Alleghany Steel Ok.
$65
Allis Chalmers...
Closing Ranges Changes
Amer. Can
59 3/4
July Oct
14.94 N
32 up
American Cyanamid B.
15.12, 13
32 up
Amer. & Foreign Power
102 1/4
Dec.
15.22/22
.33 up
Amer. & Foreign $7 p£. ...
Jan
15.20 N
30 up
Amer, Locomotive CD. ......
Transfer
26/Mar.
May
.34 up 32 up Saturday's sales:-20,900 bales.
16.29/30
Amer, Metals
15.27/29
Amer, Radiator
N.Y. RUBBER:
Amet. Rolling M....... Amer. B'ting and Ring Co.
Sept.
On Batavia:-
Dec
21.16b/20a 21.10b/20a
On demand
45 4
Mar
20.80 N
unch. unch 05 of
Amer. Bugar Refining
Amer. Tel & Tel
Amer. Tobacco "B"
On Paris;-
Bank Bille, on demand Nom. Credite 4 months sight Nom.
On Saigon:-
Total salea: 90 tons NEW YORK HIDES: Sept. Dec.
Amer. Waterworks
Anaconda Copper
........ 14.12b/20a 14.126/208
08 of
10 off
War Loan, 31%
after 1952)
(Red.
Atchison, T. & 8, Pe
On demand
------- 104 1/2
On Manila:-
Total sales:-12 lets. CHICAGO WHEAT·
Defence Loan, 3% Canton-K'loon Rly. 5% ✪
105 200-13/18
Aviation Corp.
Baldwin Locomotive Co.
Baltimore & Ohio
On demand
48 1/4
July
1043/1041
1 up
Chinese 44% Gold Load
Barnsdall Ou
PACE 10-HÒNGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND N.Y. COMMODITY MARKET
EXCHANGE
CLOSING QUOTATIONS
JULY 8, 1941.
On London:-
Telegraphic Transter. 1/2 7/4 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight On Shanghai:
On demand
On Japan:non
On Singapore:----
On demand
On demand
On India:-
Telegraphic and demand
Ou New York:--
Bank Ella, on demand 24 J Credlia, 60 days sight 24 7/8
€ 8 8 8 8 8
(REUTER'S SERVICE)
New York Cotton, Oct, New York Rubber, Sept. New York Hides, Bept...... Chicago Wheat, Sept. Chicago Corn, Sept. N.Y. COTTON
Prey High Low
New York, July 7.
Close Change
15.12 32 up 21.15b unch. 14,13b 08 oft 11 up Up
14,80 15.13 14.86 21.15 21.15 21.10 14.20b 10.20 14,15
1041 1068 1041 1061
754b
75% 78)
781a
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, July 7. The following quotations are the middle prices at the close of the market in London. All quotalions; are subject to confirmation and no; responsibility is assumed for errors fin transmission.
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
JULY 8, 1941.
STOCKS
Johnemanville Kerinecott Copper Libbey-Owens-Ford
Last Bale
July 7
WEDNESDAY, JULY
1941.
BANKS
HONGKONG & SHANGHAI | THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1853
Reserve Funds
£6,500,000 Paid-Up Capital .........................£8,000,000
Sterling
H.K. Currency Reserve 1000,000 Reserve Fund.£3,000,000 Reserve Liability of
Reserve Liability of Pro- Proprietors
prietors...
$20,000,000
Head Office:-HONG KONG
Board of Directors: Hon. Mr. J. J. Paterson,
Chairman.
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
Chief Manager.
Branches: Johore
£3,000,000
HEAD OFFICE: LONDON: "."
38, Bishopsgate E.C,2... Sub-Agencies In London: 117/128, Leadenhall Street, E.C3. West End Branch: 14/16, Cookspur Street, S.W.1. Manchester Branch:
5%, Mosley Street, Manchester, %
AGENCIES AND BRANCHES: ALOR STAR. HONG KONG PENANG ILOILO IPOR
| AMRITSAR
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
KARAOHL KLANG
LUMPUR
KORE AGENCIES: KUALA OLAVE STEERT FAIRLIN PLACE CANTON CAWNFORE CBBU
KUCHING
MADRAS
RANGOON
• SALGON
SEREMBAN
SHANGHAI
BINGAPORE
SITIAWAN
SOURABAYA
- TAIPING
TIENTHIN
TONCHAR
(Bhuket)
List Sale!
July 7
.81
63
234
381
292
Giss
30
881
Lockheed Aircraft
261
39%
Loew's Inc.
30
3
Martin, Glen L. Co
294
201
Montgomery Ward
W. H. Look, Esq.,
3407
132
Deputy Chairman
National Aviation
81
184
Nst, Dairy Products
134
J. K. Bousfield, Esq.,
81
National Distillers
22A
L. J. Davies, Ébq.,
A. H. Compton, Esq.,
15
Nat, Power & Light
Hon. Mr. S. H. Dodwell,
421
National Supply Corp.
7/
G. Miskin, Esq...
17
New York Central
12
E. 8. Morrison, Esq.,
1582
| Niagara Hudson Power
21
Hon. Mr. T. E. Pearos,
71
N. American Aviation ......
144
4+
North American Co. (New)
281
Northern Pacific
01
291
Packard Motors
24
31
Paramount Pictures
11
101
Pennsylvania R.R.
248
Amoy
3A
Philips Petroleum
437
Bangkok
Kobe
94
Pullman Inc............................
272
Batavia
Kowloon
On Bangkok:--
Sept.
1081/1068
up
On demand
149 1/2
Dec.
1072/1070
1 up
On Sterling Note:-
Saturday's sales:
1,388,000
1898 (Brit. Issue) Chinese 5% Gold Bonds.
1925/47
42
Bendix Aviation
39
Pure Ofl
10
Bombay
Kuala
Rangoon Saigon San
Francisco COLOMBO
MANILA
MEDAN
TSINGTAO
Rethlehem Steel
747
Radio Corph, of Am.
37
Calcutta Lumpur Shanghai DELHI
NEW YORK
Canton
London
45
Bites & Co., E.W. (com.)
184
Reading Company, Com
171
Chafoo
Bank Buying Rate
Nom
bushels
Chin, 44% Anglo-French
Boeing Airplane Co.
17
Remington Arms Co., Inc.
44"
Colombo
Lyons
Malacca
Sungei
Ser Bliver per os ...
23 3/8
CHICAGO CORN:
Loan, 2008
42
Borg-Warner
181
Republic Aviation Corp. ...
#
Dairen
Manila
July
732a
up
Chinese 5% Crisp Loan
Briggs Mfg. Co.
19%
Republic Steel
20
Foochow
Muar
Market Report
Sept.
763
up
1912
27
Budd M'facturing Corp.
33
Reynold Tabac. "B"
321
Haiphong
Dec
FROM ROZA BROS.
Tuesday, July 8. Ready Silver was unchanged yes-
78178 NEW YORK LARD: Sept Dec.
1
up
Chinese 5% Reorg. Loan
Canadian Pacific
4
Schenley Distlilers
124
Hankow
1913 (Ldn. Is.)
36
Celanese Corp.
248
Shell Union 1
141+
Harbin
10 65a
28 up
Chinese 8% Ster, Notes
Chesapeake & Ohio
13
Socony-Vacunum Oll
Iloilo Ipoh
10.9ba
28 up
1925 (Vickers)
7-9
67
Chrysler
Southern Pacific
12
terday at 23.3/8 but the Forward N.Y, BLACK PEPPER: rate dropped 1/8 to 23.3/8. Ame- Sept. rican Silver was quoted at 34.3/4 Dec. 1or Spot.
The London/New York rate was quoted at 402.1/2. York/London was quoted at 403.N.Y. SUGAR No. 3:
Chin. Imperial Rly 5%
Columbia Gas & Mec.
23
Southern Rly $5 ptd. .......
25
5.57b/64a 5.67b/75a
22 up
Loan
51
Commercial Credit Co.
244
Spleer Manufacturing Co.
357
24 11p
Honan Rly, 5% 1905
10
Com, & Southern (Ord.)
A
Standard Brands
51
NY COTTONSEED OIL:
Hukuang Rly. 5%. 1911
Consolidated Edison Co.
181
Standard Gas & Eles,
cross- Sept New Dec
10.66b/688
10.54/65
.42 ofT
(LP. N/Y Issue)
14
Consolidated Onl
Standard Oil of N.J
42
30 off
Hukuang Rir. 5%. 1911
Copperweld Steel
-15
Studebaker Com
51
quoted on application.
(German Issue)
12
Ourtiss Wright (C.)
91
Swift International
104
1/2
Quiet
| July
Sept
252b/54a
unch.
Lung Tsing
Hal
Distillers Corp. «Seagrams)
151
Technicalor
9
various sizes to lel.
MARKET
STERLING
small
Opened this
afternoon
with
close
Opening
London
0/3-3/26
There were sellers at 1/3 up to September, buyers at 1/3.1/32 for any delivery.
near
U. 8. DOLLARS Quiet There were sellers at and forward. 24.7/16 fur buyers at 24.1 2 for any delivery
SHANGHAI DOLLARS Opened with sellers at 400 and elosed with small sellers at 467.1/2
for Spot buyers at 468.
SHANGHAI MARKET
Quiet. Sterling sellers at 3.13/64
for Spot and U B. Dollars at 5.7/32
for Spat.
AFTERNOON MARKET
Quiet.
STERLING
There were sellers at 1/3 up to Beptember, buyers at 1/3.1/32 for any delivery.
D. S. DOLLARS
The market closed with sellers at 24.7/16 for Cash, buyers
at 24.1/2 for any delivery.
SHANGHAI DOLLARS
sellers at 467.1/2. At the
there were sellers at 471.
SHANGHAI MARKET Opened wit sellers at 3.13/04 and closed easier at 3.3/18 for Spot US Dollars opened with sellera at 5.7/32 and closed easler at 5.3/16 for Spot.
Shanghai Exchange
Shanghai, July 8 (Renter).
Ometal T.T. Rates
H.K. Stock Exchange
BUYERS
H.K. Banks, $1380. Bank of East Asia, $72. Canton Ins., $225,
HK. Fire Ins., $185. Indo-Clunas (Pre), $80. Wharves, $90. Docks, $15. Providents, $5,80, Hotels, $3.30.
Lande, $35.
Reaitles, $3.25.
Macao Electrics, $18,26.
Telephones (O), X.D., $22,25 Telephones (N) X.D., $9.99. Cements, $14.50. Ropes, $8.16.
Dairy Farms. $18,50. Watsons, $10.65,
SELLERS
Docks, $15.90. Providents, $5.85. Lands, $35.50. Lights (0), $8.
Gementa, $13.
Watsons, $11.
2 54b55a Business done:-35 lots. N.Y. SUGAR No. 4: Sept
unch.
Rly. 6%, 1913
Douglas Aircraft
732
Texas Corpn.
401
S'hai-N'king Rly. 5%
14
Du Pont de Nemours
158
Frans-America Co.
......
4+
1,096 · 09ła Business done:-85 lots, NEW YORK COCOA
01 of
Tientsin-Pukow Rly 5%.
(Brit, Stpd.)
Eagle Picher Lead
81
20th Cent, Fox Film, Com.
51
10
Elec. Autolite Ce
271
Union Bag & Paper Corp.
114
Tientsin Pukow Rly. 6%
Elec Bond & Share
21
Union Pacific
£2
Closed
(German Stpd.)......... Tientsin-Pukow Rly, 5%
10
Elec. Bond & Share $5 pf.
53
United Aircraft
401
Elec, Bond & Share $6 pf.
58
United Airlines Trans ......
102
Sept. Dec
7.46 N 7,05 N NY. Omela Silver N.Y./London Cross Rate
.08 of unch 34-3/4 4.03-1/2
(Brit. Stpd. Supl, Loan) Tientsin-Pukow Rly, 5%
10
Elec. Power & Light ST pf.
34*
United Corpn.
+
Flintkote
15)
United Corpn. $3 cum pf.
294
1er. Stpd. Supt. Loan)
10
Gen. Electric
334
United Gas Improvement
7:
Jap. 6%, Ster. Loan, 1924 34 der. 7% Intl, Loan, 1924 Chartered Bank
Gen. Motora
38
U8. Rubber
23
44
8-13/18
Gen. Railway Signal
141
D.B. Steel
581
be ab
Gen. Tire & Rubber
111
Vanadium
257
H.K. & S'hai Banking Corp. (Ldn, Reg.)..... HK. & S'hai Banking
Corp. (Col. Reg.).... 82 Chinese Eng & Mining
(bearer)
Goodrich (B.F.)
134
Vuitee Aircraft
02
77
Goodyear Tire & Rubber
178
Walworth Co. ....
41
J
Great Northern Iron Ore
182
Warner Bros. Pict
32
Great Northern Rly, pfd.
27
Westinghouse Elec,
95
12/A
Great Western Sugar ....... Inter. Nickel ......
242
Woodward Iron Cor.
271
271
Chase National Bank
314
Chosen Corporation Mercantile Bank of In-
dia. £8, "0"
4/-
Inter, Paper & Puwer Int. Tel.
164
National City Bank
272
Tel. (Fon, Is.)
22
Libby, MeNell
Pekin Syndicate
11
1/-
DOW JONES AVERAGE
S'hat Elec, Constr. Co.
15/-
1941
8'hal Waterworks "A"
15
Union Insurance
22
|Gula Kalumpong Rubber
15
Lon., Mid. & Scot., Rly.
14
Great Western Rly.
361
High Low Dow Jones Averages
Industrials 133.60 115.20 30
Rails 29.76 26.54 20
Utilities 20.85 17.22 15 92.10 89.56 40
July. 5,
124.38
July 8, 1941. High Low Close 126.94 124.51 128.18
Change
1.98 up
28.50
29.03 28.54 28.99
.42 up
18,10
16.21 18.05 18.14
04 up
Bonds
91.17
73.57 55.45
Chinese Estates, $100,
National Bank of India
314
Commodity Index) 72.36
91.23.
-.06 up 73.05 .OD ap
Business Done: -9 0,000 shares
Trams, $17.10.
B.-A. Tob. (bearer)
89/11
Star Ferries, $53.28.
Dunlop Rubber
34/-
Bristol Aeroplane
10/9
¡Imperial Chemical Ind.
32/3
United Steel
23/9
HONGKONG
HK. Lands
100
34.75
300
35 00
Woolworths
52/8+
SHAREBROKERS
200
$6,00
Marsman Investments
5/71
ASSOCIATION
100
35.00
Western Holdings
12/6
200
35,00
Sub-Nigel
138/9
Shell Trana. & Trad.
(bearer)
43/9
* bid
I ex div.
Volume of Business Transacted on Tuesday, July 8, 1941. SALES
China Lights (N) China Providents
A.B. Watsons
..1,000
10 75
1,000
10.85
500 10.85
12th June 1941.
FEDERAL RESERVE
RETURNS
500 $ 1:40 600 5.80 500 5.85
Ropes
500 8,40
500 8.50
500 8.80
THE MERCANTILE BANK
250
5.80
Taumati Ferries
Dairy Farms
50
18.75
SALES
New York
'Japan
India
Hongkong
5-1/8
HK. Banks. $1370.
21-3/4
Providents, $5.80.
17-5/8
21-1/8
Hotels, $3.95/40.
New York, July 7 (Reuter).
· July 1 June 24 Total Loans $10,324,000 $10,453,000 Investments 17,965,000 17,872,000
H K Electries: (0) Telephones (N) X.D. H.K Tramways
20
22.50 Cements
500
200 22.25 14.80
Singapore HAIPHONG PELPING Sourabaya BABOW
Patani Swatow
(Johore) Tientsin Mukden Tokyo New York Tsingtao Priping Yokohams Penang
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITs received for Oo Year or shorter periods in Local or Other Ourrencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
QURRENT ACCOUNTS opened in LOCAL CURRRNOY and FIXED De POSITA received for one year or shorter periods in Local and other Currencies on terms which will be undertakes Executor and Trustee
SAFE DEPOSIT BOXES
The Bank's Head Office in London
business, and claims recovery of of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches. W. H. EVANS THOMAS,
.: Manager.
TRUSTEE and EXECUTOR business undertaken. Hongkong, 8th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above Bank. is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rulea may tained on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
16. QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STEKET,
NEW YORK. Ao American Bank offering com- plate Foreign Banking Service in the principal Markets of the world.
SAFE DEPOSIT BOXES
This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over U.S.$.3,800,000,000.
D. L. BALLANTYNE...
Munager
OF INDIA, LIMITED
Head Dico-15, Gracechurch Street,
Landan; Eu
BANK OF EAST ASIA, LIMITED
Authorised Capital ...$10,000,000.00 Paid-Up Capital Reserve and Undivided
- Profits
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors: HON. Sra SHOVBON CHow, Chairman Li Koon Chun Kuqi Lan Sang. Esg P. K. Kwok, Kaq Wong Chu Son, Eng Wong Yan Tong, Esq Fang Fing Wab Esq.
KAN TONG PO, Esq, Chief Manager HON, MB. LI TE FONG, Manager
Batavia
Branches and Agencies;
Borabe Valout-a Halphong
How con
*London
·Penan Hingapore Rangoon Benrabaya Balgon Awatow
Melbourne Sta EzAn Sydney
New
Big Seattle
Boyolala Parts Kobe
Peiping
Valco Tischli
Vancouver Bemarang Shangba
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposite re- ecived for
one year or shorter periods in Local and Foreign Cur- rencies on terms which will be quoted on application.
SATE DEPOSIT BOXES TO LET.
KAN TONG PO,
Afanager-
YOKOHAMA
5,598,600.00
2,983,261.60
Amoy
100
9:00 200-17:15
Authorised Capíèm).
*1,020
Subscribed. Ospital
Faldur Capital
200 17,15
The total value is $100,222.59,
Reserve Fund and Best,
48,000,400
1,800,000
£1,060,000
€1,256,089
Parla
noming!
Lands. $35
Sterling
Tramy, $17.15.
Bellers
INDO-CHINA
STEAM NAVIGATION COMPANY ID
Operating Services for Cargo and Passengers,
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
;'
and TIENTSIN
Opening Closing 0/3-13/04 0/3-13/64 0/3-13/64 03-13/64 0/3-13/04 0/3-13/64
Spot
July
Aug,
U.8. Dollars
Spot
July
Aug.
$5-7/82 35-7/32
6-7/32
8-7/32
Market-Quiet
Silver Duty Rate:
6-7/32
5-7/32
The Central Bank of China's
rate on London at 10 am today
was 1/2-1/2d.
The Equalisation rate was
per cent.
Calcutta Exchange 250
Calcutta, July 7 (Reuter), TT on Japan, 81-1/2
India Rupes Paper"
Bombay, July 7 (Router) Govt. 31% Rains0 96-0-9.
LONDON GOLD
ndon, July 4 (Reuter). Bal Cid, Fine per bs. Ida/-
Lights (O), 36/6.05.
Electrics (0) X. Rts., $22,50.
Telephones (N) X.D, 9.
Ropes. $0.40/50. Watsons, $10.75/85.
LONDON METALS
Tin
EXCHANGE
Loudon, July 7 (Router).
Standard Cash, Middle
Price £258-3/4-
Tin, Standard, 3 months, Middle
Price, £282-1/8.
Market ear7:
SILVER MARKET
LONDON SILVER: London, July 7 (Reuter).
Spot, 23-3/8d Forward, 23-3/8d.
BOMBAY BILVER :: Bombay, July 7 (Router). "Market quiet but steady""OR- take nila. 1, A
Indian Mint difve Rendy – shaea, 09:0 July 18 Bettlement Aug 18 Battlement
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN ::
HAIPHONG
-All steamers borth alongsicie the Roosevelt Terminal in. the French Concession at Shanghat, where passengers
· and cargo are landed
For further particuları
please apply, to...
BANKERS:
The Bank of England and Midland
Bank, Ltd. M
Bombar
Hongkong Koráb
BRANCHES:
Kuantan
Fiandr
Kureh!
Kota Bharu
Kuala
·Madri
New York
Babgoon
Shanghai
Kusla Lipia de Bel Kuala Lumpur Singapore HONG KONG BRANCH: Every desbription of Banking and Kabunge imalne transacted,
TRUSTEE AND "EZECUTORSHIP MATTERS UNDERTAKEN
CUBRENT ACCOUNT opened in Local Car Hinoy and FIXED DEPORTES redived in Lo Clurteno): & 8TERLINIE da Virkus KMAN may be Mortained on spi loation
* D. BENSON,
WANT-ADS
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE BANKER
PAID-UP CAPITAL $40,500,000,00 (BRANCHER ALL OVER ÜBINA) Owing to our numerous Branches in China and connections In the principal Commercial Centres of the World, we are able, to extend to put Cliente special facilition for Domestic and Foreign Banking and
Ford Office-SHANGFTAL
ong Kong, Branch QUEEN'S ROAD, C
- South China Officer CANTON KONGMOON BWATOWAR TOIBEAN BHIUOKOW KINOCHOW
We also handle the late or Bonde
and others Jublios Tund" off thes Ouides Government both at Frome