On Batavia :---
On demand
............. 46 3/4
Ja Parts:-
Bank Bilis, on demand Nom. Credits 4 months' sight Now.
$53
On Saigon:-
On demand
.......... 107 12
Jo Manila:-
On demand
.... 49 7/8
On Bangkok:--
On demand
149 1/2
Bank Buying Rate Bar Silver per or
Now.
23 7/16
83.20❘ 83.40
234
#34)
Shanghai, Aug. 4 Reuter).
ometal TT. Rates
$101
Opening
London
0/9-1/18
New York
5-1/8
unquoted
her course
India Parts Hongkong
17
nominal 20-1/4
$17
$17.30
Of
Sterling
Bellers
Spol Aug. Sept.
Opening
0/3 7/64 0/9-7/64 0/3-7/64 0/3-7/84
Closing
$6.80 $0.10
$2!
0/3-7/64
$10.00
$10,00
6.8. Dollars
$18.80
Spot
$5-7/32
$5-7;32
Aug.
5-7/32
5-7/32
Sept.
...................
5-7/32
STOCKS
Last Sale
Aug, 2
Aug. 2
Expresa
74
Johnamanville
652
Alleghany Steel Co.
24)
Kennecott Copper
384
The
Market: Quiet.
Silver Duty Rate
Central Bank of China's
Allis Chalmers
30
Libbey-Owens-Ford
Glass
28
Amer
Car
BR
Lockbeed Aircraft
281
rate on Lordon at 10 am, today was 1/2-1/28.
$14,30 $142
$8.80 $8.60
Alan Cyanamid B.
394
Loew's Inc
337
Air & Foreign Power
Martin, Glen L. Oo.
194
per cent.
Amer & Foreign $7 pt.
23+
Montgomery Ward
342
$95X.Int. 898 $044
Amer, Locomotive co.
141
National Aviation
04
$94
***
Amer, Metals
191
Nat, Dairy Products
148
Amer. Hadiator
62.
SIDA
National Distillers
22+
Amer Rolltag Mul
15
Nat, Power & Light
Amer. Sting and R'ing Co.
PAGE 8-HONGKONG DAILY PRESS
Chinese Press Hails U.S. Oil Embargo
While halling the American ofi embargo against Japan as a wel- comed move, the local Chinese Press urges that it should be thorough- ly enforced.
The TA KUNG PAO describes the oil ban as America's most for- ceful action against the Far Eastern aggressor so far. It urges the United States not to relax her pressure upon the aggressor but ›nakes full use of her powerful economic Weapon.
The LIH PAU counsels strict tary and economic machinery may enforcement of the oil embargo break down at any moment. against Japan as any concessions The STAR DAILY, an evening or compromise midway will produce paper, points out certain loopholes | III effects.
in the of embargo order, mclud- ing
First, crude oil may still be ship- ped to Japan.
The WAB KIU YAT PO saya that despite the oll embargo, the United States stil; leaves the door
Second. Japan may still be able open for Japan's co-operation. If Japan Bevers relations with the t secure of through the south Axis and joins the anti-aggression | American countries.
The paper hopes front, then she will not be subjec
that Britain, ted to the restrictiorts of the oll Soviet Russia and the Netherlands embargo order and can secure of
East Indies will also place an all supply from the United States as embargo against Japan. It believes hitherto. However, the paper is that 1 Japan loses completely her such abrupt, import, she will not dare to skeptical about any
-ither northward awakening on the part of the Jaadvance panese militarists.
The WAH TSZ YAT PO predicts that consequent upon the United States American
become relations will more strained and the Far Eastern situation more tense than ever 1 urges close collaboration between
oil embargo, Japanese
southward,
US.-JAPAN BARTER
ARRANGEMENT
WASHINGTON, Aug. 3 (Reuter) --The opinion that the United china. Britain and the United States could work out a barter States and fostering of a stronger arrangement in order to continue force against Japan.
trade with Japan, “If Japan en- The KUNG SHEUNG DAILY gages
In no turther aggression,"
FINANCE & GENERAL
Finance and Commerce
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 2, 1941
On London
Telegraphic
Transfer. 1/2 7/8 Bank Billa, on demand 1/3 7/8 Credits 4 months' sight
On Shanghai:—
Un Singapore:-
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
X.D.
$1316
SHAREBROKERS- ASSOCIATION
1uyur Ballers Radar Nominal
SATURDAY
Lager
Bailleura
Noncina
2 AUGUST.
Banka
$1315 X.D. 81315
£76 £72
£23 El
#75
193
11.K. Banks
Do. (Col. Reg.)...| Do. (Lon Reg.)- Charter ad Baoks ....... Mercantile Bks. "A". Mercantile Rks. "O". Bank of East Asia..... N. C. & 8. Bauka...... Insurances
Canton InsurRNCAS.....
On demand
400
On demand
62 3/4
$220
On Japan:-
8405
Union InnoCRUCES.......
On demand
(02 1/4
31
LinderwriterE
On India:-
$185
H.K. Fires.
Telegraphic and demand
Transfer.
182 5/8
Shipping
$120
Danglanes
On New York:-
Steamboats
$90
do-Chinna (Prof.).
$70
Indo-Chinas (Def)
49/44
CTS ......
Docks, Wharves,
Bank Bilis, on demand 24 15/16 Credlis, 60 days' sight 25 MA
On Sterling Notes:-
NEWS says that the effectiveness was expressed by Senator George. Shanghai Exchange
of the American economic sanc- Chairman of the Senate reign tions depends to large extent upon¦ Relations Committee, at
a Press whether the Netherlands East In- conference yesterday. dies will follow the lead of the Senator George sald that the United States and place an em-- Administration's economic steps! bargo on oil shipments to Japan | against Japan “seemed to be mov- and how the United States willing in the general direction of treat the foreign exchange obtain- complete severance of trade rela- eo by Japan from her export 10 tons," but added that "there was Amerka.
still a hope, however slight, that
stop
The paper believes that Japan Japan may approaching her doom Her milt- aggression."
NEW
STOCKS
YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
AUGUST 3, 1941
Last Sale
Japan
Be
Shells
$8.66 Waterboata
Godowns, etc.
H.K. & R. Wherres.. Providents
815.70 HK, Docks (Ohi)...
H.K. Docks (New)...
+Shanghai Docks...
Mining
Kailans RAB
Hong Kong Mines....
Lands, Hotels and
Buildings
H., & B. Hotels...........
HK. Lands... Do. 4% Debenturen 17.40 Shanghai Lauda.. $3.30 K. Realties.
Humphreys ....... Chinese Estates.
Cotton Mills
87
Wing On Textiles (8.;) Public Utilities
1533 Star Ferries.
Electrica
Macan Electrics
20700⠀⠀
940
TUESDAY, AUGUST 5. 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTEREÐ BANK OF
BANKING CORPORATION
Authorized Capital....... $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1864
Reserve Funds: Sterling
£6,500,000 Paid-Up Capital
H.K. Currency Reserve $10,000,000 Reserve Fund........
£3,000,000
£3,000,000
$20,000,000
Reserve Liubility of Pro
prietors
£3,000,000
£7!
Reserve Liability of
Proprietors
£231
876
17 etu
+
Board of Directors; Hon. Mr. J. J. Paterson,
#380
$400
W. H. Look, Esq.,
175 ota
Chairman
Deputy Chairman
$188
J. K. Bousfield, Esq.,
A. H. Compton, Erg.,
$120
L. J. Davies, Esq.,
$8.40
Hon. Mr. S. H. Dodwell,
200
G. Miskin, Esq..
870
K. & Morrison, Esq.,
49/4
$61
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields,
$90
$5,70
8104
11
Branches:
+
8206
Amoy
Bangkok
Johore Kobe
13/6 87.80
Batavia
Kowloon
Rangoon Saigon San
Bombay
Kuala
Calcutta
Lumpur Shanghai HAIPHONG
PE PING
Canton
London
Chefoo
Lyons
Sourabaya
Colombo
Maluces
Sungei
$3,15
Dairen
Manila
Patai
#341
8971
Foochow
Muar
Swatow
Haiphong
Johore) Tientsin
$8.30
$6.60
Hankow Harbin
Mukden
floilo
Peiping
Tokyo New York Tsingtao
Yokohama
Ipoh
$361
$300
$125
Head Office: HONG KONG
Hon. Bir Vandeleur M... Graylarn,
Penang
Chief Manager.
HEAD OFFICE: LONDON:
38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockapur Street, 6.W.1. Manchester Brauch:
52, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
ALOR STATI HONG KONG PENANG ILOILO IPOH
AMRITBAR
BANGKOK
BATAVIA
KOMBAY
CALOUTTA
KARACHI
BANG
LUMPUR
KOBE ACKNOTES: KUALA CLIVE STROKI FAIRLIK PLACE CANTON CAWNFORE
CERU
COLOMBO
Fransisco DELHI
Singapore HANKOW
CURRENT AccounTa opened in LOCAL CORRENCY and FIXED DE PITS received for one year or shorter periods in Local and other Currencies on terms which will be quoted on application.
KUCHING MADRAS
MANILA
MCDAN NEW YORK
(Peking)
RANGOON
RAIGON
SEREMBAN
BHANGHAI
SINGAPORE
SITIAWAN
SOU BABAYA
TAIPING
TIENTSIN
TONGKAH
(Bhuket)
TSINGTAD
YOKOHAMA
FOREIGN EXCHANGE and General 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 ACCOUNes also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London
undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on
SAFE DEPOSIT BOXES of terms which may be ascertained at
any of the Agencies and Branches
W. H. EVANS THOMAS,
Manager.
EXECUTOR |
Hongkong, 28th July, 1941.
HONGKONG 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, 25th Feb., 1939.
THE CHASE BANK
* BANK OF EAST ASIA,
LIMITED
Authorised Capital $10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided
Profits
2,989,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directora:
HON. SIA SHOUSON CHOW, Chairman
P. K Kok. Beq
891
-
$28
13/6
$8
2 ctu
$976
$36 $306
Ewo (9.)........
S'hai Cottons (8.).....
Zooug Bing (8.)........ ..
87
H.K. Tramways.................... Peak Trams (old).... Peak Trams (now)...
$16.93
$53
various sizes to let
$22
y'mati Farrise.........
$22.60
TRUSTEE and
Chin Lights (0)
$5.75
$0.80
business undertaken.
1.30 China Lights (New)....
81.30
X.Rta. H. K. Electrica (Old)..
X.R.
8211
$21
H K. Electrich(New)
831
H.K. Electrio (Ris)
Mart
$12
Sandakan Lights....................
#93
Telephones (old)...
$23
887
Telephones (new)......
Industrials
$30
Cald., Macy (Ord.) 8.
Cald, Maog (Pref.38
Canton fees......
175 ots.
Cemonie
$14.65
-
National Supply Corp.
71
Amer Sugar Refining
19
New York Central
134
Aster fel Tel.
1541
Niagara Hudson Power ...
2A
Amer. Tobacco "B"
71
(N. American Aviation
16
Amor Waterworks
41
North American Co. (New)
134
Anaconda Copper
281
Northern Pacific
Allison, T. & 8, Fe.
201
Packard Motors
31
Aviation Corp.
38
Paramount Pictures
13
Baldwin Locomotive Co.
157
Pennsylvania R.R.
2421
Baltimore & Ohlo
54
Phillips Petroleum
451
Barnsdall Ou
91
Pullman Inc......
28+
Bendix Aviation
Pure Ol
92
Bethlehem Steel
75
Radio Corpe, of Am.
44
Bliss & Co., &W. (som.)
16
Reading Company, Com 188
Boeing Airplane Co.
184
Remington Arms Co., Inc.
41*
Borg Warner
19%
Republic Aviation Corp. ...
31
Briggs Mfg. Co.
191
Republic Steel
20
Budd M'tacturing Corp.
44*
Reynold Tobac. "B"
32$
Canadian Pacific
Schenley Distillers
14
Celanese Corp
787
Chesapeake & Ohlo
38 Shell Union Oll
158
Socony-Vacunum Ou
9%
Chrysler
56
Bouthern Pacific
141
Columbia Gas & Mec. ......
2
Southern Rly $5 pfd.
314
Commercial Credit Co.
241
Splger Manufacturing Co 378*-
Com, & Bouthern (Ord) ...
7/16
Standard Brands
54
Consolidated Edison Co......
10
Standard Gas & Elec.
178*
Consolidated Ol
54
Standard Ol of N.J.
Copperweld Steel
10/
Studebaker" Com,
Curtiss Wright (C)
Swift International
221
Distillers Corp. (Beagramat
10
Technicolor
Ltd., and stated that they were:
Douglas Aircraft
70
Texas Corpn.
Du Pont de Nemcurs
158
Trans-America Co
41
Eagle Picher, Lead
91
20th Cent, Fox Film, Com.
TA
Elec. Antolite Co.
29
Union Bag & Paper Corp.
117
Eec Bond & Share
21.
Union Pacific
821
Elec. Band & Share $5 pt.
United Aircraft
417
Elec Bond & Share $8 pf.
541*
United Airlines, Trans-......
114
Elec. Power & Light $7 pl.
541*
United Corpn.
to open other branches in the
Funtiove
14**
United Corpn. #3 cum pt.
231
Gen. Electric
32
United Gas Improvement
7
laya,
"
TO-
Gen Motors
681 U.S. Rubber
241
Gen. Railway Signal
144
(1.8. Steel
687
Gen. Tire & Rubber....*
13/
Vanadhim
26..
Goodrich (B.T.)
19.
Vultee Aircraft
Goodyear Tire & Rubber...
101*
Walworth Co
65
Great Northern Iron Ore
171
Warner Bros. Pict,
5.
Great Northern Rly, pfd..
271
Westinghouse Bec,
Great Western Sugar Intor. Nickel ........................................ Inter. Paper & Power Int. Tel. & Tel. (Fon; 18.)
-271*
Woodward Iron Cor.
27
201
Chase National Bank
·811
178
National City Bank.
271
23
Libby, McNell
DOW JONES AVERAGE.
1041
Aug. 7, 1941.
High Low Dow Jonel Avocages 1860 116.30-30 Industriala
30.09 23.54 20 Rails
20.00 17.28 16
DE.10 B 40
77.18 08.45.11
Aug. 1, High Low Close 198.22
80.149. 18.68
|| 80,94/ 00:71-- 30.70.
16.61 18.68 18.08
The Equalisation rate was 24 1/4
LAND TAX
Land Tax Administrations were formally inaugurated in varluds provinces in Free China yesterday for the collection of lang tax in kind, as decided upon at the Na- tional Financial Conference hald in Chungking recently.
The new tax is enforced even in Kweichow and Yunnan where a scarelty of foodstuffs is experienc- ed. It is anticipated that the col- lection wil reach 35,000,000 shih in the current year. (Central
News):
NEW BANK
S'hat Wing Un ...
$7.20 Vibre Piling
6/7 Marsinans [ur. Lon
Marsianas lav. (H.K.). Wu, Powells........ N.A. Cheticals (HK) +8ale to Shanghal
STARTS
BUSINESS IN S'PORE
Describing the function as another stage in its career, and "an evidence of faith and optimisan," Mr. 8, Dutt, Agent to the Government of India, formally opened the Indian Bank, Ltd... before a large gathering representative of all communities, main- ly from banking circles, at an "at home", held at the Victoria Memorial Hall in Singapors
Mr. D. P. P. Iyengar, Inspector Mr. R. Jummabhoy, president of of Branches, in a speech, recalled the Indian Chamber of Commerce,
the history of the Indian Bank,
entering into a new venture in
Malaya with the full hope and. confidence that they would get ail-
the support from the Indian.mor-
cantile community stationed here.
SIMLA, Ang, 4 (Router) - Re- duction of no less than 20 per cent. of the total monthly con- sumption of petrol in - India -or about 10,000,000, gallons, is expect- ed to result from the rationing scheme which will enforced on August 15,
Singapore, Mr. O. Ramasamy Na- dar, and Mr. "Nachiappa Chettiar also spoke.
HEAD OFFICE:
18, PINE BIKEIT,
NEW YORK.
Pang Ping Wali Eaq.
KAN TONG Po, Esq, Chief Manager HON. MR. LI THE FONG, Manager
Kowloon -Penang Bingapore
Hangoor Bourabaya Saigon
Loudon
Melbourne Bad Fran- Bydney
eleco Tisutalu
LONLY
Bw.tow
This Bank is a subsidiary of The
Every description of Banking and Chase National Bank, New Exchange business transacted. Loans York, with Resources of over granted on approved, securities. 18.8.3,800,000,000.
D. L. BALLANTYNE,
12th June 1941.
Manager
WANT ADS are Seen!
INDO-CHINA
He informed the gathering that STEAME NAVIGATION COMPANY LTD.
It was proposed in the near future.
various important towns of Ma- Operating Services for Cargo and Pazzogers
Mr. H. Duth, in formally declar-
ing the bank open and wishing ib success and prosperity, stated that
the Bank was originally started at
a time when the confidence, oi, A. large section of, the public in the stability of banking business was badly shakon..
This institution, however, was | Inspired with the ideal of service. to the community and the coun- ̈ try and the ideal it steadily kept before 14 and sought to fulfil · taj ita subsequent development, Change
The present branch, reflected 198,09 198.06 188.3101 off great credit on the part of cha 19 of directora, but he was sure that O up with the co-operation of the mur 51.03.00 up
cantile community in Malaya, the Business Donot-300,000 sharon vanture would succeed,
Utilities Tlands
01.08
Commodity Intox 70.04
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN......
KOBE and OBAKA.
SINGAPORE, PENANG and “CALCUTTA, SANDAKAN
HAIPHONG.
All steamers berth alongside the Roosevelt Terminal in the French Concóislun atr Shanghai, where: prasangera and cargo are lauded.
For further particulars
plosis apply to
ARDINER
Current Accounts opened in Local Currency and Fixed Deposits re- caved for one year or shorter. periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT Boxes To LET,
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by: THE NATIONAL GOVERNMENT OF CHINA AS AN
INTERNATIONAL EXCHANGE
DSBANK PAID-UP CAPITAL $40,000,000.00 (BRANOUGE ALL OVER CHINA)
Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Cliente special facilities for Domestic and Foreign Banking and ExchangeSTME
Head Office:SHANGHAI
Hong Kong Branch ... 4, QUEEN'S ROAD, "O" “South Chimes Offfoci | | CANTON KONGMOON SWATOW TOIBHAN SHIUCHOW KINGCHOW
We also handle the issue of Bonda and other Publie Funds of the Chinos Governinant both at Home and Abroad
AHGU J. CHEN
Manager.
H.K. Hopes
38.20
H.K. Gort: Lande
4% Loen
0747%.
31%
y
(1984).
94
24%
(1940). Miscellaneous
Dairy Farma...................... Entertainments
(old)..
80 ets. Constructiosa (kW)
$19
霉省
Li Koon Chun, Esq.
Li Lan Sang, Esq.
$1.60 Construction
$1.65
15, QUEEN'S ROAD, CENTRAL
Wong Chm Son, Esq
Worg Yan Tong, Esq.
16.40 Lane Crawforde.
$64
Nanyang Tobacco...... | #3} Sinceres
$2.65
$102
$10.65
$102
Ch. 0.5% 1925GsBds. 1.K. Wing On
29
$42
An American Bank offering con- plete Foreign Banking Bervice
Branches and Agencies:
314
in the principal Markets of the Bat world.
Bombay
Manda
Caluatio
SAFE DEPOSIT MIXES
Haiphong Honkow
Nagarko
Now York Seattle Vancouver
#uzana
Bezarang
„Robe
Palping
Bhangin
ba