ENGLAND
July 24
124.350
49,280
173,630
Government Securities
146,930
Other Securities:-
Discounts and Advances Securities
10,320
19,150
489
Total
29,470
Notes and Coins
29,250
52 3/4
Total Bullion
1,910
On Japan:-
Notes in circulation
652,650
On demand
102 1/4
On India:-
Telegraphic and demand
Transfer
82 6/9
Ratio of Reserve to Liabilities. Price of Gold at which holdings
are valued
15.58%
168-
On New York:---
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 1, 1941.
Un Lundon:—
Telegraphic Transfer. :22/1 Bank Billa, on demand 1/2 7/8 Credits 4 months' aight On Shangbal:--
On demand
On Singapore:-- On demand
8 8 8 8 8
BANK OF
London, July 31 (Reuter).
Public Deposits Other Deposits:--
Bankers
Other Accounts Total
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTEN'S SERVICE)
AUGUST 1, 1941.
SATURDAY, AUGUST 2, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
July 31
(000'S Ommitted) 14,130
11,290
BANKING CORPORATION
Authorised Capital....... 950,000,000
INDIA, AUSTRALIA
AND CHINA
132,080
50.520
STOCKS
Last Sale
STOCKS
Last Sale
Sterling
i
182,630
July 31
July 31
fasued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1863
Reserve Funds:
.....£6,500,000 Paid-Up Capital
B.K. Currency Reserve $10,000,000 Reserve Fund
158,770
Adams Express
71
Johnsmanville
659
Reserve Liability of
Reserve Liability of Pro-
Proprietors
Alleghany Steel Co.
244
Kennocott Copper
388
$20,000,000
prietors
..£3,000,000 £3,000,000
..£3,000,000
6,550
Allis Chalmers
203
| Libbey-Owens-Ford
Glas
23+
22,970
Amer. Can
68.
Lockheed Aircraft
281
29,620
American Cyanamid B
412
Loew's Inc.
391
23,520
Amer. & Foreign Power
2.
Martin, Glen L. Co.
291
1,850
Amer & Foreign $7 pt.
216
Montgomery Ward
34
657,430
Amer, Locomotive Co.
142
National Aviation
21.30%
Amer, Metals
202
Nat, Dalry Products
141
Amer. Radiator
64
National Distillers
221
168/-
Amer, Rolling Mill
153
Nat, Power & Light
6
Amer. S'ting and Ring Co.
|National Supply Corp.
78
Amer Sugar Refining
193
New York Cential
130
Bank Bille, on demand 24 5:30
Credlis, 80 days sight 25 ja
On Batavia:-
On demand
FEDERAL RESERVE SYSTEM
Amer. Tel. & Tel.
154
Niagara Hudson Power
21
RETURNS
.... 145 3/4
Or Parts:
New York, July 31 (Reuter).
1940
Bank Bills, on demand Nona.
Alder, Tobacco “F”
N. American Aviation
162
Amer. Waterworks
6
North American Co. (New)
134
1941
144;
Anaconda Copper
287
Northern Pacific
72
Credits 4 months' aight Nom.
July 25
(100's
July 24
Omitted)
July 31
Atchison, T. & S. Fe.
30
Packard Motors
28
Aviation Corp.
34
Paramount Pictures
121
$
$
$
Baldwin Locomotive Co.
157
Pennsylvania R.R
241
On Saigon
On demand
On Manlis-
On demand
107 1/2
Bills Bought
Baltimore & Ohio
5
Phillips Petroleum
45-1
U.S. Securities held
Federal Reserve Ratio
2,450,000 88,29%
40 7/8
Federal Reserve Credit Outstand-
On Bangkok :---
On demand
348 1/2
113g
On Sterling Note:---
Monetary Gold Stocks
Bank Buying Rate
Now.
industrial Advances
2,184,000 01.23%%%
2,491,000 2,248,000 20,367,000 22,584,000 9.103,000 9,853,000
2,184,000
Barnsdall Ou
91
Pullman Inc......
28总
91.2%
Bendix Aviation
391
Pure Oll
10
Bethlehem Steel
78
Radio Corpn. of Am.
41
2,245,000 22,673,000
Bliss & Co., EW. (com.) ...
17
Reading Company,
Com
171
Boeing Airplane Co.
177
Remington Arms Co., Inc.
47*
9,930,000
Borg-Warner
201
Republic Aviation Corp. ...
34
Briggs Mfg. CD.
191
Republic Steel
201
Bar Silver por ca
23 1/2
Budd M'facturing Worp.
48
Reynold Tobac. "B"
32
cross
New York Cotton, Oct, New York Rubber, Sept. Chicago Wheat, Bept. Chicago Corn, Sept.
N.Y. COTTON
Market Report
FROM ROZA BROS.
Friday, Aug. 1.
Siver prices were unchanged a1 23.12 for both Ready and For ward. Silver advices reported the. market as being idie with no bus
American Sliver was ness done. quoted at 34.3/4 for Spot. The London New York
New rate was quoted at 402.1/2. York London was quoted at 403
12
N.Y. Commodity Market
(REUTER'S SERVICE)
Canadian Pacific
4#
Schenley Distillers
144
Celanese Corp.
27
Shell Union Ci
154
Chesapeake & Ohio
384
Socony-Vacunum Oil
101
Chrysler
572
Southern Pacific
141
Columbia Cas & Elec.
34
Southern Rly $5 pid.
30
Commercial Credit Co.
241
Spicer Manufacturing Co
38
New York, July 31. High Prev
Low Close Change 18.43 16.55 16.05 16.08 .35 off
22.50 22.50b 22,65
22,608 10 up 1004
1057 1062
106
off 751
743 754
741
Com, & Southern (Ord.) Consolidated Edison Co. Consolidated Oli
7,16
Standard Branda
61
19
Standard Gas & Elec.
181
A
Standard Oil of NJ.
442
Copperweid Steel
184
Studebaker Com
82
Curtiss Wright (C)
Swift International
23
ON
Distillers Corp, (Beagrams)
181*
Technicalor
94
Douglas Aircraft
744
Texas Corpn.
44)
Du Pont de Nemours
1581
Closing Ranges Changes
Trans-America Co,
41
Quiet
MARKET
STERLING
Oct.
Dec.
Jan.
16 08/12
16.25/27
16.27/27
18.32/32
18.31/33
July
at 25.1/18 up to Sept.
22,60a
September.
Dec.
22,05b
SHANGHAI DOLLARS
Mar
20.45b
There were sellers at 1/3 up to Mar October. buyers at 1/3.1/32 for May Cashi
,29 off 16.29/30 .31 f U. 8. DOLLARS
Wednesday's gales:-380,900 bales Nominal Authorised Banks will buy at 25.5/16 for Spot and seli N.Y. RUBBER:
to Merchants
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, July 31. The following quotations are the middle prices at the close of the market in London. All quotations jare subject to confirmation and no .10 up 05 up responsibility is assumed for errors .05 up in transmission.
Gen. Electric
Eagle Picher Lead
92
20th Cent, Fox Film, Com.
61
.35 off
Mec. Autolite Co,
282
Union Bag & Paper Corp.
1:2
.27 off
Bec Bond & Share
21
Union Pacific
824
.30 off
Elec. Band & Share $5 pr.
481
United Aircraft
411
132 off
Elec Bond & Share $0 pt.
53)
United Aklines Trans
114
Elec. Power & Light #7 pf. Pintkote
341
United Corpn,
144*
United Corpn. $3 cum pf.
234
311
United Gas Improvement
74
Gen. Motors
39
U.S. Rubber
241
Gen. Railway Signal
154
U.S. Steel
581
Gen. Tire & Rubber.... Goodrich (B.P.)
138
Vanadium
201
19
Vultes Aircraft
78
Nominal at 470.
Quiet.
Dull.
STERLING
SHANGHAI MARKET
Opened with sellers of Sterling
at 3.7/64 and closed at 3.3/32, for U. 3. Dollars 5.3/18 sellers Spot.
for Spot.
AFTERNOON MARKET
The market closed with sellers at 1/3 up to October, buyers at 1/3.1/32 for Cash.
U. S. DOLLARS Nominal Authorised Banks will buy at 25,5/16 for Spot and sell! Sept. to Merchants at 25.1/16 up to September.-
Total sales.-240 tons.
NEW YORK HIDES:
Dec.
£
14.305/60
12 off
Total sales:-22 lots.
CHICAGO WHEAT
War Loan, 34% (Red.
after 1952)
104-11/16. Defence Loan, 3%
1001 Canton-Kloon Rly. 5% 11 Chinese 44% Gold Loan
1898 (Brit Issue)
Goodyear Tire & Rubber... Great Northern Iron Ore Great Northern Rly, prd.
20
Walworth Co. .
1.4
173
Warner Bros. Pict.
41
273
Westinghouse Elec.
92
Great Western Sugar Inter. Nickel
27
Woodward Iron Cor.
27
27
Chase National Bank
314
Inter. Paper & Power
18
National City Bank
271
Int. Tel. & Tel (Fon, Is.)
22
Libby. MoNell
$
Sept
100/108
#
Dec.
10B1/108
off Chinese 5% Gold Bonds.
1925/47 off
DOW JONES AVERAGE
临
May
110/1101
Wednesday's sales: — 13,821,000
off
Chin. 44% Anglo-French
1941
Loan, 1908
45
High
Chinese 5% Crisp Loan
bushels
1912
30
Low Dow Jones Averages 133,0 115.30 20 Industriala
Raila 30.57 20.54 20 20.65 17.99 16 Utilities
Aug. 1, 1941, July. 20, High Low Close
Change
128.95
139.46 128.43 129.79
.10 off
30.52
90,92 20.48 30.61
.09 up
18,55
18,74 -18,58 18.00
06. цр
CHICAGO CORN:
Chinese 5% Reorg. Loan
741/75
uff
1913 (Lan. Is.)
38
92.19 89.00 40 77.48 55.45 11
Bonds
Commodity Index
91.47 78.52
81.50
.03 up
76.22
.30 off
Business Dono:-860,600 shares
SHANGHAI DOLLARS
475 Nominal.
SHANGHAI MARKET
Sept.
Dec,
Dec
771/774 May
801
NEW YORK LARD:
10.12/12 10.45a
off
Chinese 8% Ster. Notes.
of
1925 (Vickers)
Chin, Imperial Rly. 5%
Loan
55
05 off Honan Rly. 5% 1905
19
HK. & Shal Banking
Corp. (Ldn, Reg.)...... 70
N.Y. BLACK PEPPER:
Sept.
6.12,12
Der
Sterling at 3.3/32 for Spot and
U. S. Dollars at 5.3/16 for Spot.
Shanghai Exchange
Shanghai, Aug. 1 (Reuter).
Official T.T. Bates
London
New York
Japan
India
6 17b, 200
İN.Y. COTTONSEED OIL:
Sept.
11.65b/72a Opening
11.45/45 Dec 0/3-1/16 N.X, SUGAR No. 3: 5-1/8 anquoted Sept.
2.08b/67a 2.66b/67a
Business done:-611 lots.
.87 Up
(German Issue) 03 off Lung Tsing & Hai Rly. 5%. 1918 S'hal-N'king Rly. 6%.
13
05 off Hukuang Rly. 5%, 1911
(L.P. N/Y Issue) Hukuang Rly. 5%. 1911
H.K.
15
in to to in
13/6
13
15
13
17 off Tientsin-Pukow Rly, 5% (Brit. Stpd)
Pekin Syndicate.
12
.02 off
17
Jan.
unch
Tientsin-Pukow Rly, 5%
(German Stpd.) Tientsin-Pukow Rly, 5%
12
Parla
Hongkong
mainal 20-1/4
| NY. SUGAR No. 4:
Stering
Sept:
Bellers
Opening Closing
Dec. May
(Brit. Stpd. Supi. Loan) Tientsin-Pukow Rly, 5%
(Ger. Stpd. Supl. Loan); 12 1.48b/1.50 12 up ¡Jap. 6% Ster, Loan, 1924 21-23
Ger. 7% Intl. Loan, 1924 44 1.54b/54ła .09 up 1.04b/640a 091 up Chartered Bank
12
S'hat Elec, Constr. Co; ..' S'hai Waterworks "A" ... 10 22 Union Insurance ieri Gula Kalumpong Rubber: 15 Lon, Mid & Scot, Rly.. 143. Great Western Rly.
11. 1/- 15/-
12th June 1941.
Imperial Chemical Ind. 31/104 United Steel
23/8
Woolworths
55/3
Marsman Investments
5/71
THE MERCANTILE BANK
OF INDIA, LIMITED.
372
National Bank of India
SI
Western Holdings ..... Bub-Nigel
10/6
141/3
B-A, Tob.. (bearer)
65/-
Shell Trans. &
·Trad:
Head Ofcol-15, Gracechurch Street, Londen, EC3
Dunlop Rubber
35/9
(bearer
48/9
Aabhorinod Capisati..
Haberined Capital...
81
Bristol Aeroplane.....
11/-
• bld.
I ex div.
Pat Buy Ospital
Spol
Aug.
..... 0/3-3/32 0/3-3/32
U.S. Dollars
Spot
...... $5-3/16
Aug.
www.
5-3/16
0/3-3/32
Business done:-887 lote, 0/3-3/32
NEW YORK COLDA $5-3/18-
Sept, 5-3/16 Dec.
Buserre Fund and Rest,"
BAD BANKERS:
The Bank of England and Midland
£9,000,00
21,800,00 21,080301
€1,951,033
7.58/58 7.70л
unch.
01 up
Dollars quiet.
Dec.
unch,
84-3/4
Bank, Ltd. BRANCHES
Bangkok Ipalt
Bombay
Jaxus
Caloutta
Kantan
Dolombo
GIG
Kota Bhara
Bongkong
Kunis Lips
Hospen
Shanghai
Bimet
& Shal Banking Corp. (Col. Reg:)..... 75 Chinese Eng, & Mining
(bearor)
Chosen Corporation ...... 4/~ Mercantile Bank of In-
dis, £5,"
BROKERS' LOANS
New York, July 31. Reuter) Loans on securities to brokers in New York:
WK-ended Wk.-ended Wk-endea 25/7/40 24/7/41 31/7/41 $288,000,000 $333,000,000 $339,000,000
Foochow Haiphong
Chairman
Deputy Chairman.
Malneca
Manila Muar
Chief Manager.
Rangoon Saigon San
'HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sab-Agencies In London:
| 117/122, Leadenball Street, E.0.3.
West End Branch: 14/18, Cockspur Street, S.W.1.
Manchester Branch:,
52, Mosley Street, Manchester, 2
ALOR STAR
AGENCIES AND BRANCHES:
HONG KONG PENANG ILOILO IPON
AMBITSAR
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
KARACHI
KLANG KOBE AGENCIES: KUALA CLAVE RET FAIRLIN PLAUT
CEBL COLOMBO
Francisco DELHI
LUMPUR
(Bhuket)
TBINOTAC
KUCHING MADRAS
MANILA MEDAN NEW YORK PRIPING
(Peking) FOREIGN EXCHANGE and General Banking Business transacted.
HAIPHONG
Singapore HANKOW Sourabaya
Pataui Swatow
(Johore) Tientsin Mukden Tokyo
New York Tsingtao Peiping Yokohama
Penang
CURRENT ACCOUNTS opened in
YOKOHAMA
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ons Year or shorter periods in Local or Other Currencies at rates which will be quoted on application,
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable
LOCAL CURRENCY and FixEÐ DE on application. POSITS received for one year or shorter periods in Local and other Currencies on terms which will be quoted on application.
SAFE DEPOSIT BOXES various sizes to let.
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on of terms which may be ascerfained at any of the Agencies and Branches W. H. EVANS THOMAS,
Manager
TRUSTEE and EXECUTOR business undertaken.
Hongkong, 28th July, 1941.
HỌNGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be ob- tained on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION..
V. M. GRAYBURN,
Chief Manager. Hong Kong, 26th Feb., 1989.
*THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
SAFE DEPOSIT BOXES
This Bank is a subsidiary of The
BANK OF EAST ASIA, LIMITED
Authorised Capital ...$10,000,000.00 Paid-Up Capital 5,699,600.00 Beserys and Undivided.
2,983,261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director::
HON. SIE SHOUSON Cnow, Chairman
Li Koon Chan, Esq.
Kwok. Eaq Wong. Yun forg, Esq.
Isi Lan Sang, Esq.
Wang Cha Son, Da
Frog Ping Wab Beg.
KAN TONG PO, Esų, Chief Manager HON. MR. LI Tar Foxo, Manager'
Branches and Agencies:
Bomlay Jaloutta Kaiphong Hankow Honolulu Kobu
Kowloos Penshe Singapore Loudou Hangoon
Sourabnya Bwsto
Blanie
Вигор
Helbourne San Fran. Sydsoy
visoo Teatein
Shangha
Chase National Bank, New Exchange business transacted. Loans Every description of Banking and York, with Resources of over granted on approved securities. (1.8.9.3,800,000,000.
D. L. BALLANTYNE, ̈
Current Accounts opened in Local Currency and Fixed Deposits re- shorter Manager.ceived for one year or
periods in Looal and Foreign Chir rencies on terms which will be quoted on "application
SAVE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
Head Office:—HONG KONG
Board of Directors :
Hon. Mr. J. J. Paterson,
W. H. Look, Esq.,
J. K. Houstield, Esq.,
A. H. Compton, Eeg..
L. J. Davies, Esq.,
Hon. Mr. S. H. Dodwell,
G. Miskin, Eeq.,
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
RANGOON
SAIGON
SCREMBAN
Hon. Mr. A. L. Shields,
Hon. Bic Vanddeur M. Grayburn,
SHANGHAI
SINGAPOBL
Amoy
!Bangkok:
Branches: Johore Kobe
CANTON CAWNPORE
SITIAWAN
SOURABAYA
TAIPING
TIENTRIN
TONGEAH
Batavia
Kowloon
Bombay
Kuala
Culcutta
Lumpur Shanghai
Cautou
London
Chefoo
Lyons
Colombo
Sungei
Dairen
Hankow
Harbin
Iloilo
Ipob
Profits
P.
Amoy
Batavia
Sagneska
New York
Beattle VODCOUTBE
Parla
Semarang
Paiping
Market: Sterling Nominal, US NY, WOOL GREASE
08,4b/03.3a Silver Duty Rate The Central Bank of Chha's N.Y. Official Silver rate on London at 10 am, today, NY./London Cross Rete 4.03-1/2 was 1/2-1/2d.
The Equalisation rate was 24-1/2
per cent.
India Rupre Paper
Bombay, July 31: (Reuters,
Govt, 34% Rupos, 96-0-0.
LONDON METALS
EXCHANGE
London, July 31 (Router).
Tin, Standard, Orgh, Middle Prico, £260~7/0,
Tin, Blatidard, 3 Months, Middle Price, 959-7/8,
A
Marken quiet with buying inter- ent very restrained and dealers appearing to be sentent in awalt- ing for clarification of New York
·roporte of possible price control,
SILVER MARKËT
LONDON SILVER
London, July 31. (Router)))! Silver-Market idle
with
no
bustness...
Spot, 23-1/2t
Forward;-23-1/2d.
BOMBAY SILVER Bombay, July 31 (Router).
Offlake 125 bars,
Markot-Quiet.
1
Roady
Indian Mint Sliver
02-14-0
Aug. 18: Bettlement. .... 02. 14-0 Bopt. 17 Settlement ... 02-15-0
LONDON GÖLD
London, July 31 (Reuter).
Bar Gold, Fine per oz. 100/-
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers.
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEYOO
and 'MENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All stoners borth alongsicia the Roosevelt Terminal in the French Concomion at Shanghai, where passengers and cargo are laund.
For further particulare.
plazao apply tom
TELEPHONTAKOZIL
THES
ER
·Delhi
ANAGERS
Kuznia "Trenggan Madre Few-York
Kupis, Lympar diapappre
HONG KONG BRANCH:
Brary description of Banking and Exchange basisons Fransacted
TRUSTEE AND EXECUTORSHIP
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 numerous Branches in China and connections in the principal Commercial Contres of CURILENT 400OUSTE, opened, Lool Cue the World, we are able to extend Fanny and PIXHU, Dürüstly roomdead in Local to our Cliente special facilities for Outrades & AERLING de fer that may be Domestic and Foreign Banking and anuni Laineil on agy Hoatien,"
UNDERTAKEN AUD
D. BENSON.
Kanager
WANT-ADS
LIVE
Quick!
Exchange,
Head Office-SHANGHAI Hong Kong Branch: 4, QUEEN'S ROAD, C. South China, Offices ↑ CANTON KONGMOON SWATOW
TOISHAN
| SHIUCHOW" | "KINGCHOW JoWo abo handle the issue of Bonda nd other Public Funds of the | Chinese Government both at Home
nna Abroad
SHOU J. OREN