STOCKS
Adams Express
Alleghany Steel Co.
Allis Chalmers
Oct
16.61/01
.20 up
Amer. Can
4:0
Dec.
16 76/76
32 up
American Cyanamid B.
Jan.
16,80/80
.34 up
Amer, & Foreign Power
62 3/1
Mar
16.87/87
Amer & Foreign $7 pt.
On demand
12 1/4
May July
16.69/90
16.89/89
On India:-
Telegraphic Transfer.
182 19
and demand
Saturday's sales-189,100 N.Y. RUBBER:
35 up bales
Amer, Locomotive Co. Amer, Metals
Amer. Radiator
Amer. Rolling Mili
Amer. 8ting and R'ing Cu.
On New York:-
Sept.
Bank Bills, ou demand 24 6/10 Credlis, 60 days' sight. 361/IG
Dec.
Маг
22.25/25 22.00/00 21.60b
Amer, Sugar Refining
05 up unch.
In transmission.
Amer. Tel, a Tel.
E
Auner. Tobacco "B"
On Batavia:-
On demand
15 6/8
On Paris:-
Bank Bile, on demand Nom. Credits 4 months' sight Nom.
On Saigon:-
On demand
14,59 N
Total sales:-28 lots. 106 1/4 CHICAGO WHEAT-
Total sales:-60 tons.
NEW YORK RIDĖS:
Dec.
War Loan, 34%
after 1952) Defence Loan, 3%
(Red.
Amer, Waterworks
105
Anaconda Copper
100%
Atchison, T. & S. Fe.
12 up
Canton-K'loon Rly. 5% Chinese 44% Gold Loan
D
Aviation Corp.
Baldwin Locomotive Co.
Op Manila:--
On demand
46 5/5
On Bangkok ---
July Sept. Dec
1014/1011
A off
1898 (Brit. Issue)...... Chinese 5% Gold Bonda.
1925/47
43
Baltimore & Ohla
Barnsdall Of
PAGE 8-HONGKONG DAILY PRESS
¿
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND N.Y. COMMODITY MARKET
EXCHANGE
CLOSING QUOTATIONS
JULY 22, 1941
On London:—
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai-
On demand
On Bingapore:-
On demand
On Japan:-
999 9999
(REUTER'S SERVICE)
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. N.Y. COTTON
New York, July 21, Prev High Low Close Change 16.33 19,63 16.35 10,01 29 すん
22,25 2200b 22.25
23.35 ,25 up 1037 194 1024
off 1034
i on
76b 75 74) 744
Closing Ranges Changes LONDON STOCK
קנו 34.
קט 34.
EXCHANGE
(REUTER'S SERVICE)
London, July 21. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no
26 up responsibility is assumed for errors
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE) JULY 22, 1941,
STOCKS
WEDNESDAY, JULY 23, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
Authorised Capital. 50,000,000
AND CHINA.
Issued & Fully Paid-Up. 820,000,000 Incorporated by Royal Charter, 1863
Reserve Funds:
Sterling
£6,500,000 Paid-Up Capital H.K. Currency Reserve 81,000,000 Reserve Fund Reserve Liability of
Proprietors
£3,000,000
£3,000,000
$20,000,000
Reserve Liability of Pro-
prietors...
Head Office:-HONG KONG
Board of Directors: Hon. Mr. J. J. Paterson,
G. Miskin, Esq.,
Chairman
£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Stroot, E.0.3. West End Branch: 14/10, Cockspur Street, SW.1. Manchester Branch:
52, Mosley Street, Manchester, 2
ALOR STAR
AGENCIES AND BRANCHES:
HONG KONG PENANG
ILOILO IPOH
АМЕСТВАЯ
BANGKOK
BATAVIA
BOMBAY
RANGOON
SAIGON
SINGAPORE
SITIAWAN
SOURABAYA
TAIPING TIENTS IN
TONGKAR
(Bhuket)
Last Sely
Last Sale
July 21
July 21
71
241
311
Johnsmanville
Kennecott Copper Libbuy-Owens-Ford
07
391
Glass
30
801
Lockheed Aircraft
278
401
Loew's Inc.
324
*
Martin, Glen L, Co.
201
197*
Montgomery Ward
371
W. H. Look, Euq.,.
15
National Aviation
84
Deputy Chairman.
181*
Nat. Dairy Products
14
J. K. Bousfield, Esq..
01
National Distillers
23
A. H. Compton, Esq.,
154
Nat, Power & Light
7
1. J. Davies, Esq.,
Hon. Mr. 8. H. Dodwell,
418
National Supply Corp.
7
17!
New York Cential
131
K. S. Morrison, Esq.,
156
Nagara Hudson Power
24
Hon. Mr. T. E. Pearce,
71
. American Aviation ......
15
Hon. Mr. A. L. Shields,
44
North American Co. (New)
134
Sir Vandeleur M. Grayburn,
KARACHI
KLANG
BENEHBAZ
SHANGHAI
291
Northern Pacifc
TA
31
Packard Motors
21
31
Paramount Pictures
121
Branches:
187
Pennsylvania B.R.
25
Amoy
Jobore
Rangoon
41
Phillips Patroleum
442
Bangkok
Kobe
108
Pullman Inc....
284
Batavia
Kowloon Saa
45
Bendix Aviation
387
Pure Oll
104
Bombay
Kuala
1034/1031
off
Chin. 4% Anglo-French
Bethlehem Steel
772
Radio Corpn. of Am. ......
Calcutta
31
Lumpur Shanghai
Canton
London
1052/1068
off
On demand
149 1/2
Loan, 1908
43
Bliss & Co., EW. (com)
18h
Reading Company, Com
171
Chefoo
I yone
On Sterling Notes:-
Saturday's sales 8,820.000
Chinese 5% Crisp Loan
Boeing Airplane Co
17%
Remington Arms Co. Inc.
***
Bar Silver per os
Bank Buying Rate
Market Report
FROM ROZA BROS.
Tuesday, July 22. Bliver prices were not quoted Sept.
morning. American Silver was quoted at 34.3/4 for Spot.
This
Now.
bushels.
1912
27
Borg-Warner
19
Republic Aviation Corp.
37
Dairen
Colombo
Malacca
Sungei
Marila
23 /38
CHICAGO CORN:
Chinese 5% Reorg Los
Briggs Mfg. Co.
194
Republic Steri
201
Foochow
July
Sept
Dec
724/724 741/743 776/778
+ of
1913 (Ldn. 18.)
36
Budd M'facturing Corp
42
Reynold Tobac, "B"
33
Haiphong
off off
Chinese 8% Ster. Notes
1926 (Vickers)
Canadian Pacific
41
Schentes Distillers
12
Hankow
Mukden
Tokyo
81
Celanese Corp.
25%
Shell Union of
15
Harbia
Iloilo
Chin. Imperial Rly. 5%
Chesapeake & Ohio
381
Socony-Vacunum Oll
101
Ipob
NEW YORK CARD:
Loan
54
10.408
07 off
Honan Rly, 5% 1905. .
13
won
Chrysler
'57
Southern Pacific
13
Columbla Gas & Elec.
3
Southern Rly $5 pra.
281
Dec
10.70b
07 of
Hukuang Rly. 5%. 1911
(L.P. N/Y Issue)
སསྶ་
14
The London-New York cross- rate was quoted at 402.1/2. New York-London was quoted at 405.-
N.Y. BLACK PEPPER:
Sept. Dec
Bukuang Rig. 5%, 1911
Commercial Credit Co. Com & Southern (Ord.) Consolidated Edison Co.
251
7/18-
Spicer Manufacturing Co. 371 standard Brands
8
191
Standard Gas & Misc,
191
5.B4b/878
5,93/93
.01 off
(German lase)
12
Consolidated Oll
6)
Standard Oll of NJ.
442
03 off
Lung
Tsing &
Hal
Copperweld Steel
168
Studebaker Com.
5+
quoted on application.
12.
N.Y COTTONSEED OIL:
Rly 5%, 1913
10
Ourtiss Wright (C)
94
Swift International
221
S'hai-N'king Ry, 5%
3
141
Distillers Corp. (Beagrams)
152
Technicolor
91
various sizes to lat.
MARKET
Sept
11.75/75
28 up
Tientsin-Pukow Rig. 5%
Douglas Airersit
75%
Texas Corpn.
434
Quiet.
STERLING
Dec.
N.Y. SUGAR No. 3;
11.45/45
16 hp
(Brit. Stpd.)
12
Du Pont de Nemours
1601
Trans-America Co.
41*
Tientsin-Pukow Rly, 6%
Eagle Picher Lead
01
20th Cent, Fox Film, Com.
82
There were sellers at 1/3 up to October, buyers at 1/3.1/32 for any dell very.
U. 8. DOLLARS
2.50b/52a 2.60b/51a
Business done:-576 lots. Business was done during the N.Y. SUGAR No. 4: course of the morning at 24.11/18 for near and forward.
The market Sept.
July Sept
.04 off
(German Stpd.)
12
Elec. Autolite Co,
271
Union Bag & Paper Corp.
121
03 off
Tientsin-Pukow Rly. 5%
Elec Bond & Share
21
Union Paclic
B2
(Brit. Stpd. Sup!, Loan) Tientsin-Pukow Rly. 5%
12
Elec. Band & Share $5 pf
52*
United Aircraft
421
Elec Bond & Share $6 på.
57
United Atrines Trans
104
FOBE Chief Manager. į CALCUTTA
Saigon
AGENCIES: BUALA
QLATE MONT
FAIBLIK PLAOR
CANTON
CAWNFORE CERU
Francisco COLOMBO
DELHI
Singapore HAIPHONG
Sonrabaya
Patani
Muar Swatow
(Johore) Tientsin
New York Tsingtao Peiping Yokohama
Penang
LUMPUR
KUCHING
MADRAS
MANILA
HENAN
NEW YORK
PEIPING
HANKOW (Peking)
THỈNOXAO
YOKOHAMA
FOREIGN EXCHANGE and Genera! Banking Busiuesa transacted,
CURRENT ACCOUNTS opened and FIXED DEPOSIrs received for Ona Year or shorter perioda in Local or Other Ourrencies at rates which will be quoted on application,
SAVINGS ACCOUNTs also opened in
CURRENT ACCOUNTS opened in Local Currency and Sterling with LOCAL CURRENOV and Fix De interest allowed at rates obtainable PORIT received for one year or on application. shorter periods in Local and other
The Bank's Head Office in Londan Currencies on terras which will be undertakes Executor and Trustee
business, and claims recovery of
SAFE DEPOSIT BOXES of British Income Tax overpaid, on
TRUSTEE andi EXECUTOR business undertaken. Hongkong, 28th February, 1841.
HONGKONG SAVINGS
BANK
terms which may be ascertained at Any of the Agencies and Branch
W. H. EVANS THOMAS,
Manager.
Doc.
closed at 1 p.m. with sellers at 24. 570 for near and 24.11/16 October. buyers at 24.11/16 for Cash,
May
1.196/1948 031 up 1.24b, 2448 04 1.31b31a 05 Business done:-464 lots.
NEW YORK COCOA
up
tip
(Ger. Stpd. Supl. Loan) Jap. 6% Ster. Loan. 1924 28-31 Ger. 7% Intl, Loan, 1924 dà Chartered Bank
12
Elec. Power & Light $7 pi
Fiintkote
Gen, Electric
Gen. Motors
A.K
& S'hal Banking Corp. (Ldn, Reg.)
Gen. Railway Signal
80
SHANGHAI DOLLARS
HK. & S'ha! Banking
Business was done during
the Sept
1/2
early part of the morning at 463. Dec.
Towards lunch time business N.Y. WOOL GREAȘE
7.201 7.330
Il off 10 off
Corp. (Col Reg.)
84
Chinese Eng. & Mining
(bearer)
was done again at
462.3/4. The Dec. market closed at 1 p.m. with sell
92.0b/93.1a N.Y./London cross rate
2 off 4.03-3/4
Chosen Corporation Mercantile Bank of In
dia, £5, "
4/-
11
Pekin Syndicate
1/-
S'hal Elec, Constr. Co. Shal Waterworks "A" Unton Insurance
༔ ༔; སྒྱུ་
Gen. Tire & Rubber
Goodrich (B.F)
Goodyear Tire & Rubber
Great Northern Iron Ore
13/6
Great Northern Rly, pfd.
Great Western Sugar
Inter. Nickel
Inter. Paper & Power ....... 184
Int. Tel. Tel. (Fon, Is.) 24
15/-
IS
22
1941
Tuesday, July 22. BUYERS
Gula Kalumpong Rubber 15 Lon.. Mid. & Scot., Rly. 137 Great Western Rly.
High
351
Low Dow Jones Averages 128.60 116.30 30 Industriala
29.75 26,54 20. Raile 10.60 17.82 15 -Utilities
National Bank of India
314
02.19 69.56 40 Bonda
B.-A. Tob. (bearer)
85/
74.12 55.45 11
Dunlop Rubber
35/14
11/-
Imperial Chemical Ind.
31/7/
United Steel
23/71
LONDON METALS
Woolworths
54/-
Maruman Investments
5/71
{Western. Holdings
14/-
Sub-Nigel
141/3
Shell Tran18. & Trad.
(bearer)
46/3
the
Electrics (0) X, Rts., $22. Electrics (N), $21, Electrics Rts, $11
ELLERS
• bid.
1 ex. div.
ens at 462, buyers at 462.1/2.
SHANGHAI MARKET
There were sellers of Sterling for near delivery at 3.15/64 for 8pot. US Dollars opened with sellers at 5.6/16 and closed with sellers at 6.11/32 for Spot.
AFTERNOON MARKET
Quiet,
STERLING
The market closed with seilers
at 1/3 up to October, buyers at
1/8.1/32 for any delivery.
U. S. DOLLARS Slightly easler. The market closed with sellers at 24.6/8 for near and probably 24.11/16 October, buyers at 24.11/10 for Cash.
SHANGHAI DOLLARS Opened this afternoon with sell- er, at 481.1/2 but towards close there were sellers at 402.3/4, buyers probably at 463.1/4 for Cash. SHANGHAI MARKET
Opened with sellers of Sterling at 3.15/16 and then rose to 3.1/4) but towards the close the Belling rate receded to 3.15/04 for Spot. U.S. Dollars opened with sellers at 5.11/82 and closed easter at 6.5/10 for Spot.
Shanghai Exchange
Shanghal, July 22 (Reuter).
Mcial TT. Hates
Opening
0/9-3/18 5-3/16
22 17-6/9 -21-1/B
nominal
London
New York
India
Japan, minis
Hongkong Parly
Spot
Hellers
Sterling
Opening Closing
- 0/8/7/32 0/3-15/04
July 0/9-7/820/3-16/64 0/3-7/32 0/3-15/04
Aug.
U.8, Dollar
Spot 80-6/1645 11/82
...... 5-6/10
July
Aug. 6-5/10
5-11/32
6-11/32
Market: Qulot but steady.
Silver Duty Bate
The Central Bank of Ch'na's
rate on Landon at 10 am, today
wes 1/2-1/24..
The Equalisation rate was 24 1/4 per cent.
H.K. Stock Exchange
H.K. Govt. 4% Loan, 91,50,
HK. Govt. 31% Loan (1934), M. Bristol Aeroplane
Bank of East Asia, $1
Canton Ins., $225.
Union Ins.. $400.
HK Fire Ins., $152.
Wharves, 500.
Lands, $25.
Lights (O), $5.90.
Hotels, $3.00 Lands, $35.75. Trama, $17,40.
SALES
Providents. $5,90, Canton Ices., $1. Wateons, $10.75.
HONGKONG
SHAREBROKERS.
ASSOCIATION
* Volume of Business Transacted
on Tuesday, July 22, 1941. SALES
RAUB AUSTRALIAN GOLD MINING CO.
The Hongkong Stock Exchange yesterday received a cable from Raub Australian Gold Mining Co.. and in translating reads as fol- lows:-"Report No 574. Ounces Fire 1,005."
****
EXCHANGE
London. July 21 (Reuter).
Standard. Cash. Middle Price, £259-1/8.
Tin, Standard, 3 Months, Middle Price. £262-1/8..
SILVER MARKET
LONDON SILVER London. July 21 (Reuter). allver-Prodaction selling cover- ed by small trade dentand. Market steady.
Spot, 23-7/168. Forward, 23-7/16d.
BOMBAY SILVER Bombay, July 21, (Reuter).~ Market-Steady. Offtake 200 bara, Indian Mint "Silver
Market steady. Quietness is variously ascribed to Far Eastern uncertainties and the London markets insulation, particularly as Bolivian and Nigerian ores satisfy United Kingdom require- ments, United Kingdom warhouse stocks declined by 112 trins to 3,974 toms, which refects last week's cash. After hours--prices 'concentrated trade buying for changed with no business,
Beady
68-02-0 Aug. 18 Settlement... 63-01-6 Sept. 17 Settlement ... 63-01-6
BANK OF EAST ASIA, LIMITED
& SHANGHAI BANKING COR- PORATION. Rules may be ob-Authorised Capital $10,000,000.00 tained on application,
Paid-Up Capital
Profita
For the HONGKONG & SHANGHAI Beserve and Undivided
BANKING CORPORATION.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK. Au American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
SAFE DEPOSIT BOXÈS
This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over
.B.8,3,800,000,000.
D. L. BALLANTYNE,
12th June 1942.
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offcor-15, Gracechurch Street, London, EC-3
· Authorised "Capit Subscribed Onpical:
Palding Capital un-
INDO-CHINA
STEAM NAVIGATION COMPANY
China Providents 1,000 5,90 H.E., Docks
16.80
Operating Bervices for Cargo and Passengers
TO-
1,100 "Bale on Monday, Zist Inst.' The total value fa $7,480.00,
LONDON GOLD
London July 21. (Reuter); Bar Gold, Fine per oz., 168/-
Calcutta Exchange
Calcutta, July 21 (Reuter). TI, on Japan, 81-1/2
India Ruper Paper
Bombay, July 21 (Reuter), Govt, 81% Rupno, 90-0-0.
SWATOW, SHANGHAI, TSINGTAU, CHEFOD
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA,
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the Fronch Concession at. Shanghai, whore passengers and cargo aro ladded.”
For further particulars
plaaso apply to
JARDINE
Beware Find and Rest,
BANKERS:
28,000,000
€1.900.000
31,050,000
21,854,889
The Bank of England and Midland
Bank, Ltd. BILANCHES:
Kunstan Kandy
Kusia Prongga l® - Madres
Bangkok
Qutentica. Costabo
Job
How Yozk
Delhi
Kanchi
Hot Bhar
Kuala Lipis
Howra
Fering Rangoon
Shanghai
Kuala Lumpur. -, Bixgapore
HONG KONG BRANCH: Every description of anting and Exchange
Briašnovs, bradsstati
TRUSTEE AND EXECUTORSHIP
MAWUNDERTAKEN
OUBLENT ACCOUNT mened in dos Car [reńcy and. FIXED DEPOSITS received in Losal ORTUGAY BRILLING be terror that may be { savortalbed on spy Лeation.
D. BENSON
WANT ADS
Trusted
5,598,800.00
2,983,261.50
Head Offles-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors: HON. SIE SHOUBON Caow, Chairman
Li Lan Sang, Eng. LA Keen Chan Esq. P. K Kwok, Esq. Wong Cha Bon, Esq Wong Tum Torg, Esq. Fang Ping Wah Esq.
KAN TONG Po, Esq, Chief Munager HON. MR. Li Tae Foxa, Manager
Branches and sgeneica:
Howloa Panday Sloganme
Amay
Batayin
Boubay Calcutta
Halphong
Bankow Honointe
Kobe
Loudon
Babys
Наугост Halgon Bwatow
kulbourne Bad Fran, Bydney
Kagueakn
sisoo Tientais New York Beattle Vancover Paris
Polpinx Sharks
Every description of Banking and Exchange business transacted, Loans granted on 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.
SAVE DEPOSIT BOXES TO LE
KAN TONG PO,
Chief. Manager..
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN
INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHIMA) Owing to our numerous Brandher 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 Exobange
Head Omog: SHANGHAI ~
Hong Kong Branch:
4 QUEEN'S ROAD, C.
South China Uffinon: CANTON ..., KONGMOON, SWATOW TOISHAN; SHIUCHOW KINGOHOW
We abo bands the issue of Bonda and other: Publip Funds of the Chiness: Government both at Home and Abroad
SHOU. ONEN
Manager.
347
United Corpn
15
United Corp. $3 cum pt.
231
The Business of the above Bank
34
United Gas Improvement, 73
ía conducted by the HONGKONG
391
U.S. Rubber-
25%
151
U.S. Steel
501
13
Vanadium
271
18
Vultee Aircraft
7
191
Walworth Co.
54
177
Warner Bros. Pict.
41
28,
Westinghouse Elec.
941
V. M. GRAYBURN,
Chief Manager.
25
Woodward Iron Cor.
272
Hong Kong, 25th Feb., 1939.
274
Chase National Bank
314*
National City Bank
271*
Libby, McNell
DOW JONES AVERAGE
July 28, 1941,
July. 10. High Low Close
127.98
129.57 197.78 129.50
29,51
30.62 29.74 30.54
Change 1.5% up 1.03 up
18.61
18,63 18.47 18.61
81.40
Commodity Index 72.43
91.57 74.41 Business Done: 910,000 shares
.10 up .17 up .98 up