PAGE 8-HONGKONG DAILY PRESS
War Relief Work In Six Provinces Described
War relief work in Kwangtung, Kwanggi, Hanan, Klangsi, Fuklen and Cheklang was described in an interview with the Contral News by Mr. Chang Tse-Heu, member of the National Relief Commiss GA, who arrived in Hongkong about a week ago after a five-month in- spection tour of these provinces,
ther
FINANCE & GENERAL
པ
Finance and Commerce
MONEY AND EXCHANGE
AUGUST 11, 1941.
According to Mr. Chang, produc- Kantialen, in the southwestern part| CLOSING, QUOTATIONS tive relief is proceeding satisfac- of the province. There are altoge- tortly in Kwangtung where a nun- ber refugees handicraft workshops and women's productive units have been organised.
Under the direction of Madame Lou-wan, wife of the Kwang tung Governor, seven homes for war walfs are in operation, accom modating over 6.000 youngsters. In addition more than 10 experimental middle schools farms and work shops have been established for the refugee children.
Mr. Chang visited 18 halen in Kwangsi,
over 100.000 refugees In are niow all well Klangal, who taken care of.
In Fuklen, there are over 20 re clamation centres and industrial plants. Cheklang has about 30, of which the four industrial plants under the personal direction of the Governor. General Huang Shao- fistung, are most satisfactory. They employ a total of over 3,000 refugee labourers and their products are marketed mostly in the province.| other factories accommodate about
COMFORT TROOP"
FUNDS
including Kwelin. 6.000 refugees. Yangs. Manning and Kunlunkwan, He found that there are: reclama- tion centres, small industrial plants and small credit loan services for the refugees operatin smoothly i all the districts There are altoge ther over 30 refugee camps and a Hone for 2.000 refugee children sponsored by Madame LI Chung-jen, wife of the Commander-in-Chief A middle of the Kwangs; forces. school for refugee children was re.. cently established.
Rehabilitation for the recovered areas in South Kwangsi is pro
ceeding space.
CREDIT LOAN SERVICES
A total sum of $220,000 has been raised as a result of a campaign for funds to "comfort frontline troops. The campaign ta closed.
Central News).
AIRCRAFT FACTORY INSPECTED BY DUKE OF KENT VANCOUVER. BRITISH COLUM-
On London:----
Telegraphie
Transfer. 1/2 7/8 Bank Bills, on demand 1/9 7/8 Credits 4 months' sight (On Shanghal:~~
On demand On Singapore:--
On demand OD Japan
On demand On India:-
Telegraphic and demand On New York:
Bank Billa, on demand 245/18 Credits, 60 days sight 26 6/8
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
Bayer Ballerm
Balea Nominat
On Batavia:-
On demand
46 3/4
On Paris:
Bank Bills, on demand Nom. Credits 4 months' sight Now.
a Suigon:----
$5,80 815.66
On demand
106
On demand
49 7/8
149 1/2
Nom.
23 7/16
$3,20
Op Mantle:-
On Bangkok)---
On demana
On Sterling Notes:-
Bank Buying Rate Bar Bliver per on
In Hunan, Mr. Chang revealed. BIA, Aug. 11 Renter)-The Duke Market Report
there are over 30 reclamation cen tres, factories, credit loan services and refugee camps. The credli. toan services have contributed greatly to the promotion of productive enterprises among the refugees,
of Kent inspected on Saturday, the new Boeing aircraft factory and Vancouver La shipyards toured where hundreds of workmen are rushing through war orders.
He will visit the local flying train- Of the 28 haten he visted in ing schoo before entraining for
Jasper 111 Alberta Kiengsi, Mr. Chang found the re-
on Saturday work most satisfactory in night.
Her
::
SHAREBROKERS ASSOCIATION
MONDAY
11 AUGUST.
N. 0, & . Bonka.
H.K. Docks 1018).. H.K. Ducks (Now)
#26 +8banghai Decks..
$35
$974 Do 4% Debentures
$18.30 Shanghai Lands $3.10 Realtics
Humphreya
Chinese Estates.
Cotton Mills
Wing Ou Textiles (S
Buyer Boltera
Nomiaus
TUESDAY: AUGUST 12, 194!
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Banks
$1330 X.D. 81345
¡H.K. Banka
X.D.
$1320
£76
Do. (Col. Reg.)...
£76
BANKING CORPORATION
Authorised. Capital............... $50,000,000 |
Issued Fully Paid-Up $20,000,000 near porated by Royal Charter, 1858
Reserve Fundo:
6,300,000 Paid-up Capital .........£3,000,000 HK. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Sterling
INDIA, AUSTRALÍA
AND CHINA
£3,000,000
£70
Do. (Lon. Reg.)
€73
Proprietors
$20,000,000
Reserve Liability of Pro-
prietors...
£3,000,000
£81
Chartes ad Hanks
esi
£733 Mercantile Bk. "A"
Head Office:-HONG KONG
£11 876
-- 400
Mercantile Bka. "0" Bank of East Asin.
en
875
17 ct.
Board of Directors: Hon. Mr. J. J. Paterson,
Insurances
52 3/4
8280
Canton InaTOTICIES,
$226
$406
Union Iugurançer...
$400
W. B. Lock, Ex..
12 1/4
Underwriters
175 (08.
Deputy Chairman
$185
II K Fires.
$185
J. K. Bousfield, Esq.,
Transfer.
82 5/8
Shipping
A. H. Compton, Esq..
$120
Douglasen
$120
L. J. Davies, Esq.
Est
Steamboats
88.40
Hon. Mr. S. H. Dodwell,
$90
Indo-Chinas Pref.)
890
G. Miskin, Esq.;
£70
indo Chinas (Def,
$70
49/44
Shells
49/44
K. S. Morrison, Esq.,
$0.56thnata
861
Hon, Mr. T. E. Pearce,
BANGKOK
BATAVIA
Chairman
HEAD OFFICE: LONDON:
38, Bishopagate E.C.2.
Sub-Agencies In London: 117/122, Leadenhall Street, E.C.a. West End Branch:
14/18, Cockspur Street, S. W.L. Manchester Brauch: 52, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
HONG KONG PENANG
ILOILO IPOH
ALOR STAR AMRITSAR
ILANGOON
KARACHI
Docks, WharvES.
Godowns, oțe.
it.K. & K Wharver
$90
Providente
$15,00
8869
Mining
13/8
Smilans
13/6
87+
Brube
87.80
2 cta.ng Kong Mines
Lands, Hotels and
Buildings
A&8. Hotela.......
$3.30
B.K. Lands......
8946
8971
$3.30
FROM ROZA BROS.
$7
$0.80
Monday, Aug. 11. Silver prices were unchanged over the week-end at 23.7/16 for bou Ready and Forward. rican Stiver was unquoted. York The London, New
Cross- rate was quoted at 402.1/2. New York/London was quoted at 403.-
101
Ame-
$38 8306
Ewo (8.)........
$362
8'hai Cottons (8.)
#306
Zoong Sings (8-).
$125
Public Utilities
$16.90
818.90 XD.
H.K. Tramways
$10.00
37
Peak Trame (old)..
1:2
83
Pesk Trame (new)....
03
MARKET
Star Ferries
863
NEW YORK STOCK EXCHANGE
“-----------------
QUOTATION
(REUTER'S SERVICE)
AUGUST 10, 1941.
There were sellers at 1/3 up to Oct. buyers at 1/3.1/32 for Cash.
U. S. DOLLARS Selling tate to Merchants 25.1/18.
SHANGHAI DOLLÁRS
$22
Y'ati Ferries
$22.60
WAY
A
Qulei
$1.65
Chins Lights (0)....
85.96
STERLING
#21
$10.90
-
$19 $18.60
at
$12
#23
Telephonsa (old)......
891
Telephones (DOW).....
STOCKS
Last Sale
STOCKS
Laat Sale
Industrials
Aug. 9.
Aug. D.
Nominal at 510.
$30
Ould., Macg. (Ord.} &
Adams Express
7
Johnsmanville
#15
SHANGHAI MARKET
$75
Cald,, Mung. (Pref.)
Alleghany Steel Co.
234
nendecom Copper
378
$1
Cauton Tess.
75 otn.
Allis Chalmers
20
LIDbey-Owens-Ford
Glask
284
Amer. Can
86
Lockneed Aircraft
274
Sterling opened with sellers at 2.55/54 and last advices indicated
8141
Cements
8144
$8.20
American Cyapamid B
30
Loew's Inc
33
sellers at 2.27/32 for Spot.
U. S.
H.K. Govt. Lonau
Amer. & Foreign Power
1
Martin, Glen L. Co.
271
Dollars opened
with sellers 21:
3966
4% LOAD
974/
Amer & Foreign $7 pt.
21/
Montgomery Ward
332
4.13/16 and closed with sellers at
#945
3+*
(1999).
94
$944
37%
Amer, Locomotive Co.
131
National Aviation
9*
4.25/32 for Spot,
Amer, Metals
19
Nat. Dairy Products
14#
AFTERNOON MARKET
$19
Amer. Radiator
61
National Distillers
212-
#06
Quiet
$1.05
Amer. Rolling MR
15
Nat, Fower & Light
51
STERLING
Amer. Sting and R'ing Co.
414
National Supply Corp.
08*
Amer, Sugar Redning
20
New York Cential
12
Amer. Tel. Tel.
1534
Niagara Hudson Power
1.
2
Amer, Tobacco "B"
711
N. American Aviation
141
There were sellers at 1/3 up to: October, buyers at 1/3.1/32 for Cash.
$6.45
Bat
$265
#101
Amer. Water works
4
North American Co. (New)
13
U. S. DOLLARS
Anaconda Copper
273
Northern Pacific
$42 $30
Ch. G.8% 1825G $Bds. I.K. Wing On
28
$49
71
in the principal Markets of the world.
Imoy
Atchison, T. & 8 Fe.
281
Selling rate
to Merchants
at
Ghai Wing th
B14
Batavia
Packard Motors
3
Aviation Corp.
34
25.1/18.
$7.80 Vibro
Filling
章
Bombay
Pantepec Oil Ven.
41
Calouste
Baldwin Locomotive Co.
15)
Paramount Pictures
13%
SHANGHAI DOLLARS
Haiphong
Unnkow
Baltimore & Ou
42
| Pennsylvania RR.
24
510 Nominal
Barnsdall on
ᎠᎭ
Phillips Petroleum
45
Bendix Aviation
371
SRANGHAJ MARKET
Pullman Inc.
274
Bethlehem Steel
714
Pure Ou
Bliss & Co., EW. (com.)
101
Radio Corpn. of A.
44
Boeing Airplane Co.
174
Reading Company, Com
16#
Sterling opened this afternoon at 2.53/64 for Spot and closed at 2.27/32 for Spot. US Dollars
Borg-Warner
191
Remington Arms Co, Inc.
41
opened at 4.3/4 for Spot and closed
Briggs Mfg. Co.
19
|Republic Aviation Corp.
32
a 425/32 for Spot
Buda Mfacturing Corp.
44
Republic Steni
198*
Canadian Pacific
48.....
Reynold Tobac. "B"
324
Celanese Corp.
271
Schenley Distillers
15
Shanghai Exchange
Chesapeake & Ohio
37
Shell Union Oil
142
Chrysler
57
Socony-Vacunum Oll
91
Columbia Gas & Elec.
21
Southern Pacific
134
Commercial Credit Co.
241
Southern Rly $5 pfd.
281
Com, & Southern (Ord. ›
Spicer Manufacturing Co.
87
Loudon
Consolidated dison Co.
18
Standard Brands
5
New York
Shanghai, Aug 11 (Reuter).
(Official T.T. Rates
Opening
0/2-13/161 4-11/18
HK Mectric Hts.
800 $10.90
600
11 RO
H.K. Tramways
200
10,00
China Lights (N)
452
1.30
Consolidated Ol
5*
Standard Gas & Elec.
18
Japan
unquoted
1,682
Copperwerd Steel
16
Standard OH of NJ.
417
India
15-1/2
Curtiss Wright 10.;
81
Studebaker Com.
51
Distillers Corp. (Beagrams)
107
wift International
228
Paris Hongkong.
nominal
The total value, is $14.017.40.
18-5/8
Douglas Aircraft
681
Technicolor
91*
Du Pont de Nemcura
1591
Sterling
Texas Corpn.
-414
Eagle Picher Lead
91
Sellers
Trans-America Co.
41
Elec. Autolite Co
281
20th Cent, Fox Film, Com.
Opening
Closing
77
Elec Bond & Share
21
Elec. Bond & Share 35 pl.
Union Bag & Paper Corp.
Spot
0/2-65/04 0/2-27/32
11
53
Union Pacific
851$
Elec Bond & Share $0 pt.
58
United Aircraft..........
24-
Elec. Power & Light $7 pf.
331
United Airlines Trans
107
U.S. Dollars
Flintkote
14
Gen
Blectric
32+
United Corpn
9/18
Spot
$4-13/10
United Corpn. 89 cum pt.
291
Gen Motors
301
Aug.
4-13/16
United Gas Improvement
Gen. Railway Signal
14*
Sept.......
4.13/10
$4-25/32 4-25/32- 4-25/32
V.8. Rubber
23
Cen, Tire & Rubber.........
122
Market:-Quiet.
US Steel
57.
Gondrień (8.F.) .......
101
Vanadium
24
Goodyear Tire & Rubber...
10
Vultee Aircraft
Great Northern Iron Ore .
172
Walworth Co.
Great Northern Rty, pld.
201
iWarner Bros. Plot.
41
Great Western Sugar .....
271.
Westinghouse Elec,
931
Inter: Nickel ............ BL
Woodward Iron Cor.
27
Der cont
Inter. Paper & Power..
10%
Chase National Bank
301
Int. Tel. & Tel. (Fon; Is.)
28*
National City Bank
27
1041
30.84 0.04 20
DOW JONES AVERAGE
High Low Dow Jones Avorages 135,60 116.30 30 Industrial
Rails 17tilitfos Bonde 02.10 89.50 40 70.48 58.45 11 Commodity Index
HO.04. 17.99 16
Aug. 10, 1043. !
Aug. Digh Low Clone
Aug. 0/2-55/64 0/2-27/32
INDO-CHINA
Sept..... 0/2-55/84 0/2-27/32 STEAM NAVIGATION COMPANY LTD.
Sliver Daty Kate
The Central Bank of China'a
rate on Lordon at 10 am, today
was 1/2-1/2d.
The Equallaation rate whs 24-1/4
COCO GROVE, INC. DIVIDEND
Marsman Hongkong China, Ltd., Change advises that Ceco Grove, Inc. has 1.08 off declared a 30 per cent, cash divi- 0.84 offdend or Pesos, 0.03: her share, pay- 0.07 of
able on Aug 18, 1941, to stock- 0.07 off
Business Donor-320,000 shares businons on Aug. 12; 1941,
117.44
19710 18:30 150,40
30,13
• 20.0% 20.80 24.80
14,80
51.90
19.01.18.68 14.08 91.13
FRA
Operating Services for Uarge and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and DSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
Ail stenchors bàrth alongside ilo Roosevelt Terminal in the French Concession Shanghai, where pasongors nad cargo are landed..
For further particular
please apply tom
ARDINE
holders of record at the son of PHONE XOSIL
ESON&Co.,LT PALMANAGERS
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 -
(BRANCHER AL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Contres of tha World, wo are able to extend to our Clichte special facilities for Domestic and Foreign Banking and Exchange
Hoad Omer:SHANGHAI Hong Kong Branch..
4, QUEEN'S ROAD, C., South China Uffioen! CANTON KONGMOON BWATOW TOISHAN
JHLUCHOWKINGOLOW
We also hardis the Hero of Bonds and othòr Public Funds of the Chinese Government both at Héme hru Abroad to ma
BHOU J. CHEN.
Manneer.
6.30 China Lights (Now).
X.Rts. $21 90H, K. Electrics (Old).....]
H. K. Electrice(New)...
HK. Electrio (Ris)
Macao Electrica
Mecao Electrica
Sandakan Lights.
$1.30
XR.
#211
$21
$11
H.R. Beper
(1940) Miscellaneous
818.90 Dairy Farms.
Entertainmente
1.60 Constructions (eld)
$6 46 Lane Crawfords...
***
80 cts. Constructions (kaw}.
Nanyang Tobacco..... Singer
$10.86 Watson **************
17 Marsmans far. (kon.)
1/0
81
Marsmans Inv. (H.K.) Wm; Powell................ N.A. Chemicals (HK) tale to Shanghai
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Monday, Aug. 11, 1941.
SALES
::
H.K. Stock
Exchange
$25
Monday Aug 11. BUYERS
HK, Govt. 4% Loan, 95.50.
H.K. Govt 34% Loan (1934),
94.60.
HK Govt. 34% 18h (1049),
94.50.
HK. Banks, $1330,
Canton Ins., $225,
H.K. Fire Ins., 3185.
Hon. Mr. A. L. Shields,
Hon. Bir Vandeleur M. Grayburs,
Chief Manager.
Branches:
Rangoon Saigon San
ROMBAY
CALCUTTA
XLANG
KOBB
· LUMPUR
KUCHING
AGENCIES: KUALA CLIVE STRKET FAIBLIA PLAGI
CANTON
OAWNPORE CEDU
COLOMHO
Francisco DELKI Lumpur Shanghai
London
Malacca Sungei Manila
Muar
Patani Swatow
(Johore) Tientsin Mukden Tokyo New York Tsingtao Peiping Yokobama Ревань
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIX DE POSITS received for one year or shorter periods in Local and other
BAIPHONG
MADRAS
MANILA
MEDAN
NEW YORK
PEIPING
BANKOW (Peking)
SINGAPORE
SITIAWAN
SQURABAYA TAIPING TIENTSIN TONGKAR
(Bhuket) TSINGTAO ХОКОДАМА
I
FOREIGN EXCHANGE and General | Banking Business transacted,
CURRENT ACCOUNT opened and FIXED DEPOSITS received for Ona Year or shorter periods in Local or Other Curronaien at rates which will be quoted on application.
SAVINGS ACCOUNsta als opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London undertakes Exccutor and Trustee Currencies on terms which will be business, and claims recovery of
quoted on application.
SAFE DEPOSIT BOXES various sizes to let.
British Income Tax overpaid, on
of terms which may be ascertained at any of the Agencies and Branches
W. H. EVANS THOMAS.
Manager.
TRUSTEE and EXECUTOR Jusiness undertaken. - Hongkong, 28th July, 1941.
HONGKONG SAVINGS
BANK A
The Business of the above, Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules may be ob- tained ob application," "int
For the BONGKONG & SHANGHAI Banking ComPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1938.
THE CHASE BANK
16, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
BANK OF EAST ASIA, LIMITED
Authorised Capital ..$10,000,000.00 Paid-Up Capital 5,598,000.00 Reservs and Undivided
Profits
2,983,261.30
Head Office:HONG KONG No. 10 Des Voeux Road, Central
!!
Board of Directors:
HON. SIR SHOUSON CHow, Chairman Li Koon Chan. Esq Li Lan Sang, Es P. In Kwok. Eag Wong Chu San, sq. Wong Yun Torg, Esq Fang Ping Wab Esq.
KAN TONG Po, Esq, Chief Manager
MR. L1 THE FONG, Manager
An American Bank offering com-HON.
plete Foreigh Banking Service
SAFE DEPOSIT BOXES
This Book is a subsidiary of The Chase National Bank, New. York, with Resources of over U.S.$.3,800,000,000.
D. L. BALLANTYNE,
12th June 1941.
Docks, $15.50, Providents, $580. Chinese Estates, $101. Macao Electrics, 318.25.
RELLERS!
Macao Electrics; $18.80;
SALES Tranh ID. SU30. Lights (0) $3.90. Electrics Res, $10.00/1.
· Manager:
Bruncher and Agencies:
Iudow
Kowloon Płokie- Slägapore
Rangoon Bourabaya Викод Bynbow Melbourne Ski Finde “Grany.
Balls
Naragisco Tintin New York Brattle Топлоде PIE
Stanghal
Priplag
Semarang
Every description of Banking and Exchange business transacted. Loans granted on approved securities,
Current Accounts opened in Local Currency and Fixed Deposite re esived for one year or shorter periode in Local and Foreigu Cur- Funcles on terms which will be quoted on application.
SAFE DEPOSIT Boxes To Lar,
KAN TONG PO
·Chief Manager.
SAIGON
SEREMBAN
SHANGHAI
p
Amoy
Bangkok
Batavia Bombay Calcutta
Johore Kobe Kowloon
Kuula
Canton
Chefoo
Lyons
Colombo
Dairen Foochow
Haiphong
Hankow
Hurbin
Hoilo
Ipoh