BANK OF
(000'S Ommitted) July 10 10,530
July 17 28,680
131,790
108,110
52,400
50,150
184,100
158,260
STOCKS
Government Securities
152,810
142,840
Other Securities:-
Adama Express
Discounts and AdvanceS
7,440
11.570
Alleghany Steel Co.
Becurities
18,410
19,550
Allis Chalmers
Total
25,850
31,120
Amer. Can................
460
Notes and Coins
33,910
31,070
American Cynnamid B.
Total Bullion
1,940
1,980
Amer. & Foreign Power
02 3/4
Notes in circulation
648,080
650,020
Amer & Foreign $7 pt.
On demana
... UŽ 1/4
Ratio of Reserve to Labilities. Price of Gold at which holdings
are valued
17.41%
16.80%
Amer, Locomotive co
Amer, Metals
168-
168/-
Amer. Radiator
Transfer.
Amer. Rolling Mill
H2 6/8
Amer. 'ting and R’ing Co.
On New York:-
FEDERAL
Bank Bilis, on demand 24 3/16 Credis, 60 days' sight 94 15/14
RESERVE RETURNS
SYSTEM
Amer, Sugar Refining
Amer. Tel, Tel.
Amer. Tobacco "B"
On Batavia-
New York July 17 (Reuter).
- July 11
On demand
46 3/6
$
July 10 $
July 17 3
Amer. Waterworks
Anaconda Copper
On Paris:-
Bank Bille, on demand Nom
Bills Bought
Atchison, T.& 6. Fe.
Credits & months' sight Nom.
U.S. Securities held
On Saigon-m
On demand
104 3/4
Federal Reserve Ratio..... Federal Reserve Credit Outstand-
2,450,000 89.07%
2,184,000 91,22%
2,184,000
Aviation Corp.
91,00%
Baldwin Locomotive Co.
Baltimore & Ohlu
ing
On Manile:-
Monetary Gold Stocks
On demand
48 3/8
Industrial Advances
2,249,000 2,491,000 20,186,000 22,640,000 9,362,000 9,153,000
2,204,000 22,655,000
Barnsdail OLL
Bendix Aviation
9,807,000
Bethlehem Steel
On Bangkok :---
Bliss & Co., BW. (com.)..
On deman
149 1/2
Boeing Airplane Co.
On Sterling Notes:-
Borg-Warner
Bank Buying Rate
Now.
Briggs Mfg. Ob.
23 3/6
Bodd M'facturing Corp.
(REUTER'S
SERVICE)
Canadian Pacific
Celanese Corp.
Prev
New York, July 17. Low High
Close Change 15.70 15.71 15.53 15.67 .03 of
22.00 22.03b 22.10
22,005 .02 off 1047
103 1044
103 14 off 754 751 741 75
Chesapeake & Ohio
Chrysler
Columbia Gas & Elec.
.Commercial Credit Co. ...
Com, & Southern (Ord.) ».
off
Consolidated Edison Co.
Consolidated 04
Copperwald Steel
Ourtles Wright (C.)
July
deleted
Distillers Corp, (Seagrams). 154
Oct.
15.67/67
.03 off
Douglas Aircraft
Dec
15.80/81
unch
Du Pont de Nemcurs
Jan.
16.82/82
unch
Eagle Picher Lead
Mar
15.88/86 15.86/87 .06 up
.09 up
Elec. Autolite Go
Elec Bond & Share
Elec. Bend & Share 85 pr.
Elea, Bond & Share $6 pt.
N.Y. KUBBER:
Elec. Power & Light $7 pt.
22.00b/150
21 90b/950 21,60b
02 off 10 up unch:
Filntkote
Gen. Electric
£
Gen. Motors
July
Total sales:-220 tons.
NEW YORK HIDES:
14.47b/50a Dec. Total sales:-17 lots.
CHICAGO WHEAT-
1018/1018 103/103 105/1041 Wednesday's sales:
War Loan, 3%
(Red.
Gen. Railway Signal
M
after 1952)
. 104-15/16
Gen. Tire & Rubber
02 up
Defence Loan, 3% Canton-K'loon Rly. 6% 9 Chinese 44% Gold Loan
100-16/16
Goodrich (BF)
Goodyear Tire & Hubber...
Great Northern Iron Ore ..
14 off 1% of lå oft Loan. 1908 11,413,900 Chinese 5% Crisp Loan
1898 (Brit. Issue) Chinese 5% Gold Bonds.
1925/47
43
Great Northern Rly, pfd.
Great Western Bugar
45
Inter. Nickel
Chin. 44% Anglo-French
43
Inter. Paper & Power int. Tel.
1812
27
bushels.
CHICAGO CORN:
Chinese 5% Reorg. Loan
1041
1913 (Ldn. Is.)
36
Quiet.
July
STERLING
The market closed with sellers at 1/3 up to October, buyers at 1/8. Dec.
Sept.
731/731 75/75 778/772
1 off ob
Chinese 8% Ster. Notes
1 off
1925 (Vickers) Chin. Imperial Rly. 5%
Loan
54
1/32 for any delivery.
NEW YORK LARD:
Honan Rly. 5% 1805
13
-High
133.60 116.30 30 29.75 26.54 20 20,66 17.22 18. 92.19 80.66 40 74.19 55.45 11
U. A DOLLARS
Quiet. The market closed with sellers at 24.6/8 tor near and for ward, buyers at 24. 11/18 for Cash.N.Y. BLACK PEPPER:
SHANGHAI DOLLÁRS
Bapt.
Dec
10.20/17 10.45b
28 oft 32 off
Hukuang Rly. 6%. 1911
LP, NY Iue)
Corp. (Col. Reg.)
Sept.
Opened with sellers at 462 but Dec..
5.80b/84% 5.93b/958
Sept. 11.43/49 Dec.....
11.20/20
.10 of
Sept,
2.53b/55a 2.530/548 Business done:-232 lots. N.Y. SUGAR No. 4:
Sept.
.05 off
03 off
!
10 up Lung Tsing & U Fai 11 up
Fly. 5%. 1913 S'hai-N'king R}y, 5% ..............' _ 14a .02 off Tientsin-Pakow Rly 5% (Brit, Stpd.) Tientsin-Pukow Rly. 6% (German Stpd.) ......
12 V Tientsin-Pukow Rly, 5%
(Brit, Stpd. Supt Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl. Loan) Jap, 8% Ster, Loan, 1924 206-30. Ger. 7% Intl, Loan, 1924 41 Chartered Bank
8-15/18
10
12
85 Chinese, Eng. & Mining
(bearer)
15/6 Chosen Corporation...... 47- Mercantile Bank of In-
dia, £5, "OP
Pekin Syndicate
S'hal Elec, Constr. Co. ...
S'hal Waterworks "A"
12
Union Insurance
12
Gula Kalumpong Rubber 15 Lon., Mid, & Scot., Rly. 134
Great Western Rly:
National Bank of India 314
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JULY 18, 1941.
On London:-
Telegraphic Transfer. 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months" sight
On Shanghai:--
On demand
On Blugapore:--
On demand
On Japan:-
On India:-
Telegraphic
and demand
London July 17 (Reuter),
Public Deposits Other Deposits:--
Bankers
Other Accounts Total
ENGLAND
N.Y. COMMODITY MARKET
Bar Silver per on
Market Report
FROM ROZA BROS,
Friday, July 18.
not quoted. Silver prices were American Silver was quoted
The London; New York rate was quoted at 402.1/2 New York/London was quoted at 403.-1
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicagu Corn, Sept. N.Y. COTTON
Closing Ranges Change
34.3/4 for Spot.
1/2
Quiet
any delivery
MARKET
STERLING
at
CTORS
There were sellers at 1/3 up to October, buyers at 1/8.1/32 for! May
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, July 17. The following quotations are the Wednesday's sales:-220,000 bales middle prices at the close of the
U. S. DOLLARS Some business was done at 24.11/18 for forward delivery. The market Scpt, closed at 1 pm with sellers at 24. Dec 5/8 for near and forward, huyers Mar.
at 24 11/16 for any delivery.
SHANGHAI DOLLARS Opened with sellers at 457 with business done later a 458. Towards the close there were sellers at 460. buyers probably at 461.
SHANGHAI MARKET Sterling opened with sellers at
Sept. 8.19/04 and closed easter at 3.1/4 Dec. for Spot
Dollars opened with sellers at 5.13/32 and closed easier at 5.5/16 for Spot.
MARKET
market la London. All quotations are subject to confirmation and no responsibility is assumed for errors- In transmission.
В
459.8/4, buyers at 480.1/4.
SHANGHAI MARKET
Hukuang RiF. 5%. 1911
(German Issue)
ཝ
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
JULY 18, 1941.
STOCKS
DOW JONES AVERAGE
July 18, 1941. **
ז'
Change
01.37 73.24- Business Done:-460,000 shares
BROKERS LOANS
New York, July 17 (Router). Loans on securities to brokers in New York:-
SATURDAY,
JULY 19, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.... 380,000,000
INDIA, AUSTRALIA
AND CHINA··
Issued & Fully Paid-Up 820,000,000 | Incorporated bý Boyal Charter, 1855
Reserve Funds: Sterling
......£6,500,000 Paid-Up Capital H.K. Currency Reservo $10,000,000 Reserve Fund Reserve Liability of
Proprietors
£3,000,000 ..£3,000,000
$90,000,000
Reserve Liability of Pro-
prietors...
...£3,000,000
Head Office:-HONG KONG
Chairman.
Hon. Mr. S. H. Dodwell,
Q. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
Chief Manager.
Rangoon Saigon
HEAD OFTICE: LONDON:
98, Bishopsgate E.0.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3. West End Branch; 14/16, Cockspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, %
ALON STAE
AGENCIES AND BRANCHES:
HONG KONG PINANG ILOILO IPOH
AMRITBAR
BANGKOK
BATAVIA
BOMBAY
CALOUTTA
KARACHI
KLANG
KOBA AGENOTES: KUALS CLIVE BYBEL FAIRS. PLAUK CANTON
LUMPUL
KUCHING
CAWNPOLE MADRAS
Скви
Francisco COLOMBO Shanghai
DELHI Lumpur
Muar
Singapore HAIPHONG Sourabaya
Sungei
Patani Swatow
(Johore) Tientsin
Mukden Tokyo
New York Tsingtao
Peiping Yokohama Penang
BANKOW --
MANILA
MEHAN NEW YORK
PRIFING
RANGOON SAIGON
SKREMBAN
HANOBAI
· BINGAPORE
SITIAWAN
SQURABAYA TAIPING TIENTS IN TUNGKAH
(Bhuket)
TSINGTAO YOKOHAMA
(Peking) FOREIGN EXCHANGE and General Banking Business transacted,
CURRENT ACCOUNTS opened and FIXED DErosirs 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
Accounts opened in Local Currency and Sterling with LOCAL CURRENCY and FixED DE-interest allowed at rates obtainable POSITS received for one year or on application,
The Bank's Head Office in London
shorter periods in Local and other Currencies on terms which will be undertakes Executor and Trustee
business, and claims recovery of
SAFE DEPOSIT BOXES of British Income Tax overpaid, on
EXECUTOR
business undertaken. Hongkong, 20th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Bules may be ob- tained on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK. As 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.B.3,800,000,000.
D. L. BALLANTYNE,
18th June, 1941.
Munager
terms which may be ascertained at any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
BANK OF EAST ASIA, LIMITED
Authorised Capital $10,000,000.00 Paid-Up Capital ...... 5,598,800.00 Bakery and Undivided
Proits
2,983,261.50
Head Offee-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors : 4: BON. SIE SHOUаON CHOW, Chairman Li Koon Obor Esq. Lilian Sang, Exq P. K Kwok, Esq. Wong Cha Bon, Esq Wongyun Tong, Esq. Fang Ping Wab Esq.
KAN TONO Po, Esq, Chief Manager ON ME. LA THE FONG, Manager
Branches and Agencies:
...Bowlcon Perpat Blugopoza Itogoni Sourabaya Balcon Bratow
Bakaria ha bemidoa,
`Alazzile "
Amy
Bombay
Unicutta
Halphony
· Haggara ka
Hankow
Monolid
Kobe
Mwibupria, San Fran- Sydney
Tantala -Now York `zestile' Vancouver
Tarfunkat, Meamang Pel
Unanghal
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposite re- caived for one year or shorter periods in Local and Foreign Cur- rencies on terme. which will be quoted on application.
SAPE DEPOSIT BOXES TO LET
KAN TONG PO,
Chief Manager.
Last Sale
Laat Sale
July 17
July 17
63
231
Johnsmanville
Kennecott Copper
681
381
291
| Libbey-Owens-Ford Lockheed Aircraft
Glass 294
254
393
191
Loew's Inc................ Martin, Glen L. Co. Montgomery Ward
314
Board of Directora ! Hon. Mr. J. J. Paternon,
201
368
W. H. Lock, Esq.,
14
National Aviation
80*
Deputy Chairman.
18*
Nat. Dairy Products
14
J. K. Bousfield, Esq.,
82
National Distillers
212
A. B. Compton, Esq.,
144
Nat, Fower & Light
L. J. Davies, Eaq..
427
National Supply Corp.
04
17
New York Central
12j*
1558
Niagara Hadson Power
2*
717
N. American Aviation
144
4
North American Co. (New)
13)
28
Northern Pacific
291
Packard Motors
2
31
Paramount Pictures
114
Branches:
158
Pennsylvania B.R.
241
31
Philips Petroleum
422
Amoy
Jobore
10
Pullman Inc.........
271
Bangkok
Kobe
Batavia
Kowloon Ban
38
Pure O
91
Bombay
Kuala
74!
Radio Corpn. of Am,
4
Calcutta
17)
Reading Company, Com
17
Canton
London
161
Remington Arms Co., Inc.
44*
Chefoo
19%
Republic Aviation Corp.
Colombo
31
Lyons Malacca
Dairen
20
Republic Steel
191
Menile
Foochow
41
Reynold Tobac. "B"
33
4)
Schenley Distillers
114
Haiphong
Hankow
24*
Shell Unton Oil
14
Harbin
981
Socony-Vactnum Of
Iloilo
552
Southern Pacific
12
Ipoh
3
Southern Rly $5 pfd.
201
251
Spicer Manufacturing Co.
37
CURRENT
Standard Brands
51
191
Standard Gas & Elec.
184*
B1
Standard Oil of N.J.
428
161
Studebaker Com.
Б
quoted on application.
81
Swift International
218
Technicolor
00
various sizes to let.
73€
Texas Corpn.
41+
158
Trans-America Co.
43
TRUSTEE
and
91
20th Cent, Fox Film, Com.
#4
27
Union Bag & Paper Corp.
114
21
Union Pacifie
812
527
United Aircraft
41
562
United Airlines Trans ....
10%
347
United Corps,
#
141
United Corph. -$3 cum př
23
334
finited Gas Improvement
.
38
U.S. Rubber
24
14
U.B. Steel
574
12
Vanadium
251
18
Vultee Aircraft .............
181
Walworth Co. .......
42.
174
Warner Bros. Pict
4
264
Westinghouse Elec
931
254
Woodward Iron Cor.
278
Hong Kong, 25th Feb., 1939.
201
Chase National Bank
314
171
National City Bank
26**
Tel. (Fon, L.)
24
Libby, McNeil
THE CHASE BANK
Low Dow Jones Averages
Industrials Rails Utilities Bonds Commodity Index
July. 18, High Low ClosB
127.83
127.88 125.75 127,14
.69 oft
29.40
29.40 29,16 29.41
014up
18.63
18.80 18:45 18.53
10 oft
91,47 73.85
.10 off .41 of
B.-A. Tob. (bearer)....
HK. & ghat Banking
Corp: (Ldn; Reg.) H.K. & Bhat Banking
Dunlop Rubber
80
Bristol Aeroplane
Imperial Chemical Ind 31/104
Os off .02 öff
later the market receded to 461. At NY. COTTONSEED OIL: the close there were sellers at
Sterling opened this afternoon N.Y. SUGAR No. 3: with sellers at 3.15/64 and closed a July
shade steadier at 8.1/4 for Spot. US. Dollars opened with sellers at 6.5/16 and closed with eellers at $.11/32 for Spot. Steady.
Shanghai Exchange Dec
Shanghai, July 18 (Renter).
Ofcis T.T. Rates:
London
New York
Japan
India
Hongkong. Paris
Sterking
May
1.10/b/17a .05, off 1,196/2003 öft 1.20b/26ja (84) of Business done:-829 lots. NEW YORK COCOA Opening
0/8-3/16 Sept........ 721 N
Dee,
7.33 N N.T. WOOL GREASE Dec.
.03 off 9.31b/34a NY. Official Silver
34-3/4 N.Y/London Cross Rote 4.03-1/2
***
5-9/16
17-5/8
21-1/8 nominal
.... Sellers Opening Closing Spot 0/3-19/64 0/3-1/4 July 043-19/640/3-1/4 Aug0/3-19/64 0/3-1/4
U.S. Dollars
$5-13/32 85-11/32
5-13/39
Spot July
Aug-13/82
Market:-Qulet.
Allver Duty Rate
SILVER MARKET
LONDON BILVER London, July 17 (Router), allver Market ateady with no business.
5-11/32
Spot 23-8/8d;
5-11/82
The Central Bank of China's
rate on London at 10 am, today.
was 1/2-1/3d.
The qualisation rate was per cent.
Calcutta Exchange
Cloudīta, duly 17 (Router), TT OW Akball, fil÷1/8 India Buper apor
Bombay, July 17 (Houter), Dovt: 81% Rupes, 98-0-0,
24
Forward, 23-3/8d
BOMBAY SILVER
Bombay, July 17 (Reuter): Market—Quiet but steady. Off- take 50 bars.
Indian Mint Silver Ready... 03-09-6- Aug, 10 Settlement" and 02-10-0 Bapt. 17. Battlement. 62-14-6 @
LONDON GOLD
London, July 17 (Reuter), Har Go'd. Fine per oz. 108/
INDO-CHINA
STEAM NAVIGATION. COMPANY LTD
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and. TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG. and CALCUTTA
SANDAKAN
HAIPHONG
All stenniors borth alongside the Roosevelt Terminal in the French Contassion an Shanghai, whera passangers and cargo are landed.
For further particulars
please apply to
T
Reserve Fund And Rest,
BANKERS
„The Bank of England and Midland
Bank, Ltd, BRANCHES
Bangkok
fpoli
Flakbay
Gelontra K
Colorado Kandy
Delbi
Hongkong Howrah
Fol
Kuala TrenggaLA Made -New-York
Rangoou
Kota barm Shanghai Kusla, képleTM‚' Sp
Kuala Lampar dipanpore HONG KONG BRANCH: Hfery description of Banking" and Exchange. bualnem, traumastad." A
TRUSTER AND EXECUTORSHIP
UNDERTAKEN
OURBENT 4000UNTS opened in Local Our razy FIXED DEPOS118 roosivad ́in Lena) Oncredo), STEBLING on terms that is to
| ascertained on any lisation.
BENSON,
WANT-ADS
AAE
Quick!
BANK OF CHINA.
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (Braronis ALL OVER CHINA)
Owing to our numerous
Aranohee
in China, and connections in the principal Commercial Centres of the World, we are able to extend to our Cliente special faollitios for Domestic and Foreign Banking and Exobange
Head
||OLDE SHANGHAI Hong Kong Branch:
4, QUEEN'S, ROAD, D." the South China Officer 10": CANTON KONGMOON
SWATOWTOISHAN SHIUCHOWKINGCHOW?
We also handle the issue of Honds
| and other a Public Funds" of the Chinese Coverament both at Home and Abroad?
BITOU J. CHEN,
Manager
11 1/-
15/-
WE-ended Wk-ended Wk -ended 10/7/41 11/7/40
17/7/41 $285,000,000 $389,000,000 $503,000,000
18
22
United Steel
Woolwortha
23/0 63/9
THE MERCANTILE BANK ---| OF INDIA, LIMITED
358
84/4)
957-
11/-
Maraman Investments... 5/74 13/9 Western Holdings .......
141/3 Sub-Nigel ................ Shell TranS. & Tradis
(bearer)
Head Offoo:-15, Gracechurch Street, London, ECS Authorised Ospital
23,030,000
Subscribed Digital
e900,000
Palding Capital
€1,960,000
#1,204,300
• bid.
1 ex div.