N.Y. BUBBER.
Sept
40 3/4
Dec
Мяг
22,75b/958 .25 of 22,356/508 .10 of 21.30b/22.25a 50 off
Bank Bills, on demand No. Credits 4 months' aight Nom
Total sales.-110 tons.
War
On Balgon :---
NEW YORK IIIDES:
15 1/2
Dec
14,60b/692
unch
48 3/4
Total sales:-11 lots
Loan, 31% (Red. after 1952) Defence Loan, 3% Canton-K'loon Rly 5% Chinese 44% Gold Loan
CHICAGO WHEAT.
846 172
Sept.
108/1061
1A
off
1898 (Brit Issue)....... 47 Chinese 5% Gold Bonds.
1925/47
Now
Dev.
108 1088
off
Chin. 4% Anglo-French
PAGE 8-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
JULY 29, 1941.
On London:-
On demand
On Singapore:-
On demand
N.Y. Commodity Market
(REUTER'S SERVICE)
New York Cotton. Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept.
Telegraphic
Transfer. 7/ Bank Bills, on demand 1/2 7/8 Credits 4 months' sight On Shanghai: ---
N.Y. COTTON
407
62 3/9
Oct
17.19/25
On Japan:-
Dec
17.40/41
Closing Ranges Changes
.07 off 01 up
On demand
12 1/4
JBTI
17.40/40
.02 off
Mar
..17.52/64
01 un
Transter.
May
17.53/53
.02 up
July
.01 up bales.
On India:-
Telegraphic
and demand
Ou New York:-
Bank Bills, on demand 4 3/8 Credtus, 86 daya' sight 25 s
8 3 8 8 8 8 8 8 8 8 8
Ou Batavia:—
On demand
On Parta:-
On demanG
Un Manila:-
On demand
On Bangkok:
On demana
On Sterling Notes:-
Bank Buying Rate
17.51 N
Saturday's sales:-118,500
New York, July 28. Prev High Low Close Change 17.26 17.46 17.17 17.19 .07 off 23.00 22.80 22.76 22.756 26 off 1074 1072 100 1001 1 of
76 70 758 75#
#off
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, July 28.
The following quotations are the middle prices ut the close of the market la London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
JULY 20, 1941.
10%
STOCKS
STOCKS
Last Sale
Last Sale
July 28
July 28
Adams Express
71
Alleghany Steel Co.
243
Johnsmanville
Kennecott Copper
87
WEDNESDAY, JULY 30, 1941.
BANKS
HONGKONG & SHANGILAITHE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
Authorised Capital $50,000,000
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Boynt Charter, 1863
Reserve Funds:
Sterling
26,500,000 Paid-Up Capital H.K. Currency Reserva $10,000,000 Reserve Fund Reserse Liability of
391
Proprietors
$20,000,000
Reserve Liability of Pro-
prietors
-$3,000,000 ......£3,000,000
£3,000,000
Allis Chalmers...... Amer. Can.....
31
Libbey-Owens-Ford
Glass 29
Head Office:-HONG KONG
89
Lockneed Aircraft
272
American Cyanamid B Amer. & Foreign Power... Amer Amer, Locomotive Co.
41
Loey's Inc.
331
#
Martin, Glen L. Co.
301
& Foreign $7 pt.
Board of Directors: Hou, Mr. J. J. Paterson,
191*
Montgomery Ward
358
142
National Aviation
B1
W: H. Look, Esq.,
-Amer, Metals
198
Nat, Dairy Products
149
Amer, Radiator
Deputy Chairman.
61
National Distillers
23
Amer. Rolling Mil
15A
Nat, Fower & Light
J. K. Bousfield, Esq.,
BA
£
Amer. B'ting and R'ing Co. Amer. Sugar' Refining Amer. Tel, Tel. Amer, Tobacco “B” Amer. Waterworks Anaconda Copper Atchison, T. & 8. Fe.
452
National Supply Corp.
78
A. H. Compton, Esq..
201
New York Central
L. J. Davies, 59., .
134
154
Negara Hudson Power
Bon. Mr. S. H. Dodwell,
23
70+
N. American Aviation
G. Miskin, Esq.,
166
5
North American Co. (New)
K. S. Morrison, Esq.,
134
292
Northern Pactac
Hon. Mr. T. E. Pearce,
að
Hon. Mr. A. L. Shields,
Packard Motora
21
Aviation Corp.
31
Paramount Pictures
128
Hon. Six Vandeleur M. Grayburn,
1042
Baldwin Locomotive Co.
164
Pennsylvania R.R.
24/
Chief Manager.
100%
Baltimore & Ohio
41
Phillips Petroleum
458
10
Barnsdal Of
108
Branches:
Pullman Inc.......
20
Bendix Aviation
393
Pure Of
108
Amoy
Rethlehem Steel
78
Radio Corpn. of Am. ......
34
Bangkok
Bliss & Co., E.W. (com.)
17
Batavia
Reading Company,
Com
18
45
Boeing Airplane Co.
18
Remington Arms Co, Inc.
Bombay
Kuala
43*
Calcutta
Borg-Warner
19
Lumpur Shanghai
Republic Aviation Corp.
41
Canton
Loudon
Bar Silver per ox
23 7/16
May
J102/1108
A
off
Loan, 1909
45
Briggs Mfg. Co.
20
Republie Stesi
21
Chefoo
Lyona
Saturday'a sales 13,650,000
Chinese 5% Crisp Loan
Budd M'facturing Carp
41
Reynold Tobac. "B"
324
Colombo
Malacca Sungei
Market Report
FROM ROZA BROS.
Tuesday, July 20.
bushels
1912
29
Canadian Pacific
41
Schenley Distillera
144
Dairen Manila
Chinese 6% Reorg, Loan
Celanese Corp.
28
Shell Union
Foochow
Muar
15
CHICAGO CORN:
1913 (Lan. Is.)
38
Chesapeake & Ohio
381
| Sucony-Vacunam Oil
102
Haiphong
Sept
75%b
Chinese 8% Star. Notes
Chrysler
581
Hankor
Mukden
Tokyo
Southern Pacific
13R
Harbin
Dec.
782/78
A off
1925
(Vickers)
9
Columbia Gas
Elec:
31
Southern Rly $5 pfd.
29
Iloilo
Suver prices were unchanged at 23.7/16 for both Ready and For-
May
81+0
1
ар
Chin. Imperial Rly. 5%
Commercial Credit Co.
241
Peiping
spicer Manufacturing Co.
3B
Ipoh
Penang
Com, & Southern Ord.
7/16
Loan
56
Standard Brands
51
ward, Silver advices reported the NEW YORK LARD:
Ronan Rly. 53% 1905
13
Consolidated Edison Co.
19
Standard Gas & Elec.
182
market as being steady with
business done. American Bliver Dec.
no Sept.
10.40b
12 off
Hukuang Rly. 5%. 1911
Consolidated Ol
61
Standard Oll of N.J.
451
10.70/70
15 off
(LP. N/Y Issue)
15
Copperwe.d Steel
16)
Shudebaker Dum
6
was quoted at 34.3/4 for Spot.
The London-New York CTDSS N.Y. BLACK PEPPER:
Bukuang Rly. 5%, 1911
Curtiss Wright (C)
91
Swift International
237
(German Isɛne)
19
Distillers Corp. (Beagrama)
161
Technicolor
92
rate was quoted at 402.1/2. New Sept York-London was quoted at 404. Dec
€ 23b 30a
18 up
Lung Tsing &
Ha!
Douglas Altcraft
10
quoted on application.
Texas Corpn.
438
6 336/39n
.00 up
Du Pont de Nemours
1594
Riy. 5%, 1913
124
rans-America Co.
4
MARKET
Quter.
STERLING
There were sellers at 1/3 up to October, buyers at 1/31/32 for N.Y. SUGAR No. 3: any delivery.
U. S. DOLLARS
No business was reported. There were sellers at 24.3/4 for near and forward, buyers probably at 24.13
16 for Cash.
N.Y COTTONSEED OIL:
Sept. Dec.
¡S'hat-N'king R. 6%...
15
Eagle Picher Lead ...
various sizes to 1st,
91
20th Cent, Fox Film, Com.
7
Elee. Autolite Co.
28
TRUSTEE
Tientsin-Pukow Rly. 5%
Union Bag & Paper Corp.
12
11.90b/93a
11.82/62
10 up
Elec Bond & Share
(Br!!, Stpd.)
12
21
business undertaken,
Union Pacific
8:2
.09 up
Elec. Bend & Share $5 pl.
491
EXECUTOR
Hongkong, 28th July, 1941.
and
Chairman
Johore Rangoon Kobe Kowloon
Saigon
San
HEAD OFFICE; LONDON:
38, Bishopagate E.0.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.8.
West Bad Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch:
62, Mosley Street, Manchester, L
AGENCIES AND BRANCHES:
ALOR STAR HONG KONG PENANO AMRITSAR ILOILO
IPOH
KARACHI
OALGUTTA
KLANG
KORE
AGENCIES: KUALA
CLIVE STEDET RAIRE PLACE CANTON
DAWNPORE
Francisco NELAI
HAIPHONG
Singapore HANKOW Sourabaya
Patani Swatow
(Johore) Tientsin
New York Tsingtao
Yokohama
LUMPUR
MADRAS
MANILA MEDAN NEW YORK
PEIPING
ΕΛΙΘΟΝ
(Peking) FOREIGN EXORANOS and Generat Banking Business transacted,
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ona Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with
The Bank's Head Office in London
CURRENT AUÐUNTS opened in interest allowed at rates obtainable LOCAL CURRENOT and FIXED De on application. POSIT received for one year or shorter periods in Local and other undertakes Executor and Trustee Currencies on terms which will be business, and olaims recovery of
British Income Tax overpaid, on
SAFE DEPOSIT BOXEB. of terms which may be ascertained at
any of the Agencies and Branches
W. H. EVANS THOMAS,
Manager.
RANGOON
BANGKOK
DATAVIA
BEREMBAN
BOMBAY
SHANGHAI
SINGAPORE
81TIAWAN
BOURADATA
KUCHING
CEBU
COLOMBO
TAIPING
TIENTSIN
TONGEAB
(Bhuket)
TSINGTAO
YOKOHAMA
Tientsin-Pukow Rly. 5%
United Aircraft
421
(German Stpd.)
12
Elec. Bond & Share $6 pr.
643
United Airlines Trama
12
Sept. Jan.
2,61;b/82a 2,60b/678
03 up
Tientsin-Pukow Rly 5%
Elec. Power & Light $7 pf.
.06 up
Business done:-548 lots. N.Y. SUGAR No. 4:
(Brit. Stpd. Supi. Loan) Tientsin-Pukow Rly 5%
12
Fintkete
Gen. Electric
Sept,
1.61jb/62a
SHANGHAI DOLLARS Opened with sellers at
Dec.
476.1/2 May
1.66+b/67a 1,764b/77a
20 up 19 up 19 up
(Cer. Stpd Supl, Loan) Jap, 6% Ster. Loan, 1924 Ger. 7% Ing. Loan, 1924
12
Gen. Motors ......
18-22
Gen. Railway Signal
44
Gen. Tire & Rubber
Chartered Bank
87
Goodrich (B.F)
H.K.
& S'ha Banking
Goodyear Tire & Rubber...
Corp. (Lan. Reg.)
704
Great Northern Iron Ore
with business done subsequently at
478, 476, and 4751/2 The market NEW YORK COCOA closed at lunch time with small
Business Jone:-1,323 lots.
HK
& 8'hal Banking
Great Northern Rig, pfd.
sellers at 476, bayars at 4781/2.
Sept. Dec.
7.663
07 up
7.37/77
03 off
SHANGHAI MARKET
Opened with sellers of Sterling NY. WOOL GREASE at 3.9/64 and closed steadier at Dec.
Corp. (Col. Reg.) Chinese Eng. & Mining
(bearer) Chosen Corporation
80+
Great Western Sugar
Inter. Nickel
13/6
4/-
18 Inter. Paper & Power...... Int. Tel. & Tel (Fon, Is) 2*
Mereantife Bank of In
94.2b/94.4a
3 up
dia, £5, "C"
34-3/4
Pekin Byndicate
unrecd.
S'hal Elec, Constr. Co,...
11
1/- 16/-
1941
Shai Waterworks "A"
15
High Low Dow Jones Averages 183,50 115.30 30 Industrials
30.54 26.54 20
Spot.
Quiet
Union Insurance
22
20.65 17.22 15
Gula Kalumpong Rubber 18
82.19 89.50 40
Lon, Mid, Scot., Rly. 13
76,59 55,45 11
STERLING
Great Western Rly.
344+
National Bank of India 31 B.-A. Tob, (bearer)
81/104
Dunlop Rubber
Bristol Aeroplane
34,9 11/13
34% Loan (1934),
$4.25.
94.25
Imperial Chemical Ind. 31/44 United Steel Woolworths
Western Holdings Sub-Nigel
Shell Trans & Trad.
(bearer) * bid.
i ex dir.
23/44 54/8 6/7) 15/2 141/3
45/-
3.11/64 for Spot UA Dollars NY. Official Silver opened with sellers at 5.3/16 and N.Y./London grose Rate closed with sellers at 5.7/32" for
AFTERNOON MARKET
There were sellers at 1/3 up to:| October, buyers at 148,1/32 for any k delivery.
U. S. DOLLARS Steady. Cinsed with sellers at 21.3/4 for near and 24.13/16 Octo- bar buyers at 24.7/5 for Cash
SHANGHAI DOLLARS Business was done in the after- noop at 477. Towards the close there were sellers at 4761, buyers al 477.1/2
SHANGHAI MARKET Last rate received reported sellers of Sterling at 3.11/64 for Bpoj and US Dollars at 6.7/32 for Spot,
Calcutta Exchapge
Calcutta, July 2 (Reuter). Tr. on Japan, 81-1/2,
India Rupee Purer
Bombay, July 28 (Renter). Govt. 34% Rupee, 99+0+0,
SILVER MARKET LONDON SILVEK
London, July 28 (Router). Bllver-Market steady with no
bustacey
Spot, 23-7/180. Forward, 23-7/180.
LONDON METALS
EXCHANGE** London, July 28 (Reuters. Tin, Standard, Cugh, Middle Price, 201-1/4.
Tin, Standard, & months, Middle Prico, £202-7/0.
Market quiet with some influen- tai selling of forward, Business small, awalling Far Eastern ds- volupments astern Alump coupled with a sharp, advance in New York nears ›aro ascribed to Buyers | reluctance to purchase. Pob. tear- ing higher war risks ratos.
H.K. Stock Exchange
Tuesday, July 29, BUYERS
HK, Govt. 4% Loan, 07.50. H.K. Govt.
HK Govt. 34% Loan (1940), Marsman Investments.
Bank of East Asia, $75.
Canton Ina, $228. Chinese Estates, $101 Macao Electrics, $18. HK, Fire Ins., $185.
SELLERS
Electrics (0) X, Ets., $22.25. Electrics Rts., $11.10.
SALES
Docks, $15.79. Providents, $5.00/85. Trams, $16.90. Lights (O), $5.80/80. Lights (N), $1:30.
Electrics (N), $21.
Electrics Rts.. $11.
Macao Electrics, $18.30.
HONGKONG
FEDERAL RESERVE
- RETURNS
New York, July 28 (Reuter). July 15 July 22 Total Loans $10,523.000 $10,504,000 Investmente 18.054,000 18.142,000
Salt Administration ¡KWANGSI TUNG OIL
In Fukien
PRODUCTION
KWEILIN July 29 (Central-- KINHWA, July 20 (Central)-To Measures for increasing the pro- improve salt administration in duction of tung off. in Kwangsi were decided upon at a confer- Fuklen, Cheklang, Hunan and
ence of the Kwangsi Tung Ou Klangal, the Ministry of Finance Production Directorate held here has decided to establish a Joint yesterday. Salt Transportation Directorate at
More than 60 hsten along the Kanchow in south-western Klangst
Lla, Chien and Yung river valleys with Maj. Gen. Chiang Uhing-kuu were designated as areas for the Administrative Commissioner of
extension of the planting of tung the 4th Administrative Ares of
trees, To facilitate government Klang acting concurrently as purchase of "tung off collecting Director.
stations will be established at
A branch office of the Director- various places and to encourage ate will be estabilabed at Kinhwa, production the price of tung^nll. it is also announced,
will be raised.
INDO-CHINA
SHAREBROKERS STEAM NAVIGATION COMPANY 176
"ASSOCIATION
Volume of Business Transacted on Tuesday, July 20, 1041. SALES
China Providents ∙1,000 8 5.65 1.200. 6.85 H.K. Docks H.K. Mectrics (N) ...
H.K. Electries Rts,
H.K. Tramways
300 15.70 150 31.00 200 21.00
200 11.00
110 11.00
870 11.00:
400 11.00
100 16,00
4,347..
The total value is $42,617.00.
LONDON
GOLD
London, July 28 (hautor), Bar Cold; Fine per pa, 108/
Oporating Services for Cargo and Passengers
TO.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TENTSIN
KOBE and OSAKA
SINGAPORE FENANG and CALCUTTA
SANDAKAN
HAIPHONG
All stonmore borth alongside the Roosevelt. Terminal in the Freuoli Concession, at Shanghai, whore passengers and cargo are landed..
For further particulars
ploso apply. tom
JARDINE
NAGERS
HONGKONG SAVINGS
BANK
The Business of the above Bank:
is conducted by the HONGKONG
BANK OF EAST ASIA, LIMITED
& SHANGHAI BANKING OOR-Authorised Capital
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 26th Feb., 1939.
THE CHASE BANK
....$10,000,000.00 Paid-Up Capital ...... 5,598,800.00 Reserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors: HON. SIE SHOUson Chow, Chairman Li Koon Chun. Baq. Li Lan Sang, Esq.
Wong Chu Son, Esq. Wong Yan Torg, Baq, Fang Fing Wali Esq.
15, QUEEN'S ROAD, CENTRAL F. E, Kwok, Eag
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com- plete Foreign Banking Service
KAN TONG PO Egg, Chief Manager HON. MR. LI THE FONO,. Manager
in the principal Markets of the Am world.
+
SAFE DEPOSIT BOXES
This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over U.S.$.3,800,000,000.
D. L. BALLANTYNE,
12th June 1941.
Manager-
THE MERCANTILE BANK OF INDIA, LIMITED
Head Ofco, Gracechurch Street, "Lopdon," EC3
Authorized Opif
Entscribed Capital ...
Palitup Capital.
Beperve Fund and Post,
BANKERS:
20,000,000
£1,000,000
21,080,001
€1,124,990.
The Bank of England and Midiang
|Bank, Ltd; BRANCHES
Bangirok Ipoh Bombay Dalcutta
Colombo
Delhi
Galle
Kuantan Kandy
Kuala Trenggena
Madras
New York
Perang
Rangon
Kola: Dharu
Shant
Sim
Warachi
Hongkong Kuula Lapi Howrah
Kuala Lumpur | Šlapspore
HONG KONG BRANCH: Borr desdeiption of Banking Brohange * Dunitions, transmetod.
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN DURRENT ACCOU NEB ed in Lool Car taboy WEED DROSTIC received Currano) CERLIN() on torme that may be.
én ou aps Heation.
D. BENSON":
MABARON
WANT ADS
Zube
Branches and Agencies:
Kowloos Редия Ningapore Loudon Rangoon Buurabaya HAL Badron Siraton Kalbouens Ez Fran Bydney Nauka Boo, Tiental
Vancover
New York attin Pariz
Semarang
Polping Shaur has
Every description of. Banking and granted on approved securities. Exchange business transacted. Loans
Current Accounts opened in Local Currency and Fixed Deposite re- ocived for one year or shorter periods in Local and Foreign Our rencica on terms which will be quoted on application.
SAVE DEPOSIT BOXES TO EXT.
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 CHINA) Owing to our humerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Cliente specialovilities for Domestic and Foreign Banking and Exchange
Head Office: SHANGHAI Hong Kong Branch:
4 QUEEN'S ROAD, 0. South China Officen\' CANTON KONGMOON
TOISHAN SHWUCHOW KINGOHOW
WATOW
We alas handle the issue of Bur and other Publis Funds ut Chipers, Government both at.
SHOU J. ONE
344
United Corpn
11/10
15%
United Corpn. $3 com pt. 248
32
United
Gas Improvement. 72
39
US. Rubber-
-248
16
U.8. Steel
60+
13
Vanadium
271
171
Vultee Aircraft
71
PORATION. Rules may be
ob-
19
Walworth Co.
By
tained on application,
177
Warner Bros. Pict.
49.
Profits
2,983,261.50
271
Westinghouse Elec,
93
271
272
Woodward Iron Cor. Chase National Bank National City Bank
-270*
311
271
Libby, McNeil
DOW JONES AVERAGE
July 29, 1941.
July. 26 High Low Close
Obunge
128.70
130.37 128.65 120.08
1,38 up
Rails
20,09
30.71 30.31 30.55
.47 up
Utilities
18.19
18.78 18.61 18.69
.10 up
Bonds
91.45
Commodity Index 76.85
91.42 77.48
03 off .85 up
Business Done:-940,000 shares
Batavia
Bombay
Haiphong Haukow
Honolulu