"July 3
Alleghany Steel Co.
21
Allied Stores
8
Libbey-Owens-Ford
Allis Chalmers ......
28
370 ·
Aluminium Ltd.
594
Loew's Ina.
On Singapore:-
Amer, Can
94
Loft Incorperated
02 3/4
American Cyanamid B
31}
Mack Truck me.
On Japan:-
1
Ame". Foreign Power ...
11
Martin, Glen L
281
NEW YORK, July 3, 1940.
On demand
$8
1/2
Amer & Foreign $7 pf. ....
15*
McKesson & Robbins, pf4. 22
On India:-
American Gas & Elec,
33
Monsanto Chemical
901
SINGAPORE RUBBER
Telegraphic
Transfer.
И
}82 1/2
Amer. Locomotive
12.
Montgomery Ward
391
"Amer. Metals Co.
-141-
National Aviation
ઇં
3 POT
Amer. Radiator
$1
Nat, Dairy Products
.134
OCT/DEC.
Amer. Rolling Mill
11
Nat Distillers
20
JAN./MAR.
Amer: 8'ting and Ring Co. 354.
National Gypsum
ག་
The market was quiet.
On demand
43 3/4
Amer, Sugar Redning
1348
National Lezá
167
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JULY ¿ 1946.
On London:
Telegraphic Transfer. 1/2 7/1 Bank Billa, en demand 1/2 7/8 Credits 4 months' sight 1/3 1/2.
On Shanghal-
On demand
On demand
and demand ......
On New York:-
Bank Bills, on demand 23 3/8 Credits, 60 days' sight 24.....1/8
On Batavia:—
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICE)
JULY 4, 1940.
Last Sale
ן
STOCKS
Last Sale July 3
251
Glasя 36
231*
2##
.241
Kennecott Copper
Lakey Foundry & Mac.
Lockheed Aircraft...
-184
PAYNE & CO.
COMMODITY BROKERS
STOCK", EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
FRIDAY, JULY 5, 1940.
BANKS
HONGKONG & SHANGHAI THE "CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $30,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1838
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund............£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Sterling
Reserve Liability of
Proprietor
$90,000,000
Head Office:HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr, J. J. Paterson,
Deputy Chairman, J. K. Boundeld, Esq., A. H. Compton, Esq., Hon. Mr. & H. Dodwell, G. Miskiu, Esq.,
£3,000,000
prietors...
£3,000,000
HEAD OFFICE: LONDON:
39, Bishopsgate E.0.2. Sub-Arenales In London: 117/122, Leadenhall Street, E.Q.a. West End Branch: 14/18, Cockspur Street, BWLS
Manchester Branch:
52, Mosley Street, Manchester, a
AGENCIES AND BRANCHES:
ALOR.STAR AMRITSAR
BANGKOK BATAVIA
HARBIN
PENANG
HONG KONG“- RANGOGH ILOILO IPOH
Previous
July 3
Close Opening Closing Change Buyers Buyers
37-1/4
37-1/4
37-1/8
of 1/8
34-1/2 34-1/2
32-1/2 32-1/2
34-3/4 32-5/8
up 1/4
up 1/8
E. B. Morrison, Esq.,
T. E. Pearce, Esq.,
SALOON
Amer. Tel, & Tel.
160
Nat," Power & Light ......
71
LONDON
RUBBER.
Previous close Today's close
C. C. Roberta, Esq.,
BERMMBAN
On Paris:-
Bank Bills, on demand 1086
Amer Tobacco "B"
771
National Steel Corp.
50+
buyers.
buyers
Credits 4 months' right 1160
Amer. Waterworks
•
National Supply Corp.
51
.SPOT
13
12-7/8
Change on 1/8 ..
Hon. Mr. A. L Shield,
BOMBAY
KARACHI
SHANGHAT
Anaconda Copper
20
New York Central
11.
AUGUST
12-1/2
12-3/8
"
On Saigon:-
On demand
108 3/4
Atchisch, T. & F.
16'
Niagara Hudson Power
4
SEPTEMBER
******* 12-3/16
12-1/8
of 1/18
Aviation Corp.
41
N. American Aviation
154
OCT.-DEC.
....... 11-7/8
11-3/4
0 1/8
On Manila:-.
On Sterling Notes:-
On demand.
On Bangkok:-
On demand....
Bank Buying Rate
48 3/4
Bacock & Wilcox
23
North American „Co.
20
JAN.-MARCH
...... 11-5/8
11-1/2
Amoy
Johare
Band
Добе
Baldwin Lecometive
14)
Northern Pacifc
53
The market was dull and slightly easier.
Fir Yandeleur M. Grayburn,
Chief Manager. | CLAVE BIAMET
Branche:
Rangoon Saikon
FAZEGIN PLACE
DALOUTTA KLANG AGENCIES: ·XOBR
BINGAPOR
SITIAWAN
KUALA
CANTON
CAWNFORM
LUMPUR KUOHING
SOURABAYA TALPLES
TIENTSIN
Am
MABRAS
TONGKAK
COLOMBO
MANILA
(Bhuket)
Batavia
Kowles San
DILEI
MEDAN
TAINGTAO
149 1/2
Baltimore & Ohio
31.
Owens-Illinois Glass Co.
491
Barber Asphalt Co.
10
Pacine Gas & Elec
291
1/5 1/4
Barnsdall 011
8
Pacifc Lighting
394*
Bar Bliver per oz. .......................... 21 3/4
Bell Aircraft Corp.
13)
Packard Motors
31
Bendix Aviation
27
Pan-American Airways
141
Shanghai Exchange
Shanghal July 4 (Reuter).
Official TT, Kates
Bethlehem Steel
74
Paramount Pictures ...
5
Bliss & Co.
121
Pennsylvania R.R.
197
Boeing Airplane, Co.
∙13)
Phelps-Dodge
271
Borg-Warner
154
Philadelphia Read, Coal
Opening
Bridgeport Brass Corp.
82
Phillips Petroleum
32
London
New York
0/3-3/4
Briggs Mfg.
161
Pittsburg Coke & Iron
5-7/8 25
Brooklyn-M'hattan Trans.
22)
Public Service of NJ,
364
Budd M'facturing Corp.
34
Pullman Inc.
214
Spot
July
U.S. Dollars
Spot
$8-1/8
July
6-3/32
Calcutta, July 3 (Reuter).
Гарад
Paris
Hongkong
Sterling
Sellers
Opening Closing 0/3-7/8 0/3-15/18 0/3-55/64 0/3-59/64
Market-quiet.
$8-9/32 6-1/4
Silver Duty Bate
The Central Bank of China's Continental Can rate an London at 10 am, today Continental Off WBS 1/2-1/2d.
The Equalisation rate was 14-3/4 | Corn Products per cent.
Calcutta Exchange
TT. on Japan. 86.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, July 3.
20-3/4N
Canadian Pacific R'way
21
Pure Oti
74
24-7/8
Case, JI
471
Radio Corpn. of Am, .............. 41
Celanese
953
Reading Company, Com
11*
Chesapeake & Ohio
363
Remington Arms Co., Inc.
41'
Chrysler Corpn.
621
Republic Aviation Corp. "..
4*
Climax-Molybdenum. Co.
271
Republic Steel
1.62
Colts Patent Fire-Arms
744
Revere Cop. & Brass Inc.
81*
Columbia Gas & Elec.
6
Reynold Tobac. "B"
364
Columbia 6% "A" p
801
Richfeld Ol
74
Gommercial Credit Co.
281
Safeway Stores
413
Com, & Southern (Ord.))
11
Schenley Distillers
| Consolidated Edison
Consolidated on
281
Sears Roebuck
72
New York Cotton. Oct. New York Rubber, Sept.
61
Shell Union Ou
Chicago Wheat, Sept.
Chicago Corn. Sept,
38
Socony-Vacunum Oil
New York Hides. Sept
171
Southern Pacific
87.
Copperweld @teel
18
Southern Rly $5 pfd.
181
NEW YORK COTTON
491!
Sperry
353
July
Curtiss Wright (C.)
61
Spicer Manufacturing Co. 25
Curtiss Wright "A"
23
Standard Brands
61
Deere & Co...
151
8tand Gas & Elec.
14
Distillers Corpm. Seagrams
142
Standard Oil of California
187
Douglas "Aircraft
65+
Standard Of of NJ.
321
Н
July (New contract) 10.30 N October December ( January March { >
Du Pont de Nemours
158
Stone & Webster
82
May
Eagle Picher Lead
84.
Studebaker. Com,
Spot
Eaton Mfg. Co.
281..
Swift International
18
Elec, Autolite
311
Technicolor
10
Elec. Bond & Share
6.
Texas Corpn.
38
NEW YORK RUBBER
Elec Bond & Share $5 pf.
60
Texes Gulf Sulphur
30+
July
Elec Bond & Share $6 pt.
68)
Timken-Axle
*3
September
Elec. Power & Light $7 pi..
291
Trans-America Co.
4#*
December
Fisk Rubber
11*
20th Cent. FOL
61
January
The following quotations are the Flinikote
13
20th Cent. Fox, $1 pí.
16
March
middle prices at the close of the Gen, American Trans. market in London. All quotations [Gen. Electric are subject to confrination and no Gen. Motors responsibility is assured. for errors Gen. Railway Signal
42,
Union Bag & Paper Corp. 101
May
301
Union Carbide & Carbon "67
Total sales:-840 tons.
423
Union Pacife
19
101
United Aircraft
32
CHICAGO WHEAT
in transmission. -
Gen. Tire & Rubber
12)
United Airlines Trans ... 17
July
Glidden Co,
12
United Corpn.
2
September
War Loan, 34% (Rea
after 1952,
Oanton-Kloon Rly, 5% - 6
Chinese 44% Gold Loan
1898 (Brit. Issue) ..... Chinese 5% Gold Bonds,
1925-47
Ohin 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan.
1912
Chinese 5% Reorg, Loan,
1913 (Ldn. B
*98
Gondrich (B.F.)
Goodrich $5 pf.
Goodyear Tire & Co.
Great Northern Iron Ore
121
United Corpn. $3 cum pf. 351
December
501-
United Gas Corpn.
1
15
| United Gas Improvement * 12)
131"
41
US. Industrual Alcobol
174*
CHICAGO CORN
43
Great Northern Bly, ̈pfd. Graat Western Sugar
221
US. Rubber
191
July
224
US. Rubber $8_pfd,
78*
September
Greyhound Corpn.
113
08. Steel
501
December
Hercules Powder Co.
81
Vanadium
301
WINNIPEG WHEAT
Homestake Mining
43.
Vuitee Atrcraft
67
July
International Harvester.
381
Walworth, Co...
31
October
Int Nickel ....
233
Warner Bros. Pict
21.
December
Inter. Paper & Power
12/
Westinghouse Elec,-
90
Int. Tel, &. Tel.
21.
Woodward Iron Cor.
24
NEW YORK HIDES
Chirieae 8% 8ter. Noter.
1925 (Vickers)
Johns-Manville
56
J. & Laughlin Steel #7 pía. 62.
Chase National Bank National City Bank
September
December
Chin. Imperial Rly. 5%
New York Official
bid.
ez div.
NY-London Cross Rate 3.80
Henan Rly, 5%
12
DOW JONES AVERAGE
Hakuang Rly. 5%, 1911...
1039/40
(LP. N/T, Issue) .......
14
High Low Dow Jones Averages
Buktang Xl7. 5%, 1911
(German Issue)
··155.97 111.81 - 30 Industrial
11
35.90: 92 16 20 Anita
Long Tsing & U. Hal
· 27.70 -18,03 - 20 Utilities
Rly 5% 1913
01:22 83.06 40 Bonds
25.70 $2.28 87.19.
66:57 45.39 11 Commodity Index 61.39
Sħal-N'King Rly. $% ... Tientsin-Pakow Rly. 5%
(Brit. Stpd) Tieptain-Pukow Bly. 5% (German Stpd.)........ Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Lean) 8 Tientsin-Pukow Rly. 5%
(Ger. Stpd. Bupl, Loan)" "8 Jap. 5 Ster; Loan, 1907 Jap. 6% Bter. Loan, 1924 24"
LONDON GOLD
...
London, July 3 (Reuter).
Bar Gold, Fine per oz., 188/-
Mercantile Bank
Dunlop Rubber
111
24
Ger, 7% Intl. Loan. 1924 6 Chartered Bank
52
HK. & S'hal Bank (Ldm
Reg......
60
Bristol Aeroplane
7/41 tmperial Chemical Ind. 23/3 United Steel..............18 Woolworths .45/8"
HK & Shal Bank (Col.
Marsman Investments.....
neg)
€3
Chinese Eng. & Mining
Western Holding”........... Sub-Nigel
8/9
༡
145
(bearer) to
15/0
dioses Corporation
8/8.
· Shell Trans, "&"Trid.
(bearer), s
Pekin Syndicate
2
Nat. Defence Bonds, 3%
S'hai Elec, Constr. Col...
15
Shal Waterworks "A"
(131 ·
· Londen-Midlands-Scot-
tish 3%
121
Union Insurance
20
Great Western"" Rail-
Chala Kalumpong Rabber 1s
way 3%.
B÷A Tob." (bearery
6379
¡Mat. Bank of India, 3%
July 4, 1940.
July. 9, High Low Close Change
130.98 191.88 120 14.190.98 18 of
25.94 25.7825 84.03 up
NEW YORK RUBBER: The Trade "expects a" quota increase of 5 per cent. Factory Interest is disappointing.
CHICAGO WHEAT; Unwanted rains in the South-West are m- peding harvesting. Reports df black rust damage in the Spring areas caused heavy short covering.
NEW YORK STOCKS: Previous close, 120.96; Today's close.. 120.96; Change, unchanged.
NOTICE: All American, markets will be closed on Thursday, July 4, 1940 (Independence Day).
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
unch.
.04. up
Dairen Foochow Muar Swatow Haiphong (Johore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao
Peiping Yokohams
Penang
..
HAMBUNG XÁNKOW
PIPING
(Peking)
FOREIGN EXCHANGE and Generat Banking Business transacted.
CURRENT ACCOUT opened and FIXED DEPOSITs received for One 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 on application.
CURRENT Accousis, opened in LOCAL CURRENCY and Fixed Deposits received for and year or shorter periods in Local and other Our-
The Bank's Head Office in London rencies on
terms. which will be undertakes Executor and Trustee quoted on application.
business, and claims recovery of Atso up to date SAT EXPOSIT British Income Tax overpaid, on Boxes in various sizes To Lare terms which may be ascertained st Hong Kong, 28th February, 1940.
any of the Agencies sud Branches.
R. A. CAMIDGE, "
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Eules may be obtain- ed on application.
For the Honarono & SANA! BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
18, QUEEN'S BOAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com
plete Foreign Banking Service in the principal Markets of the world Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHAT NATIONAL BARK, New York, with Emsources cỂ DTH
· U.9.$2,900,000,000,
D. M. BIGGAR,
Second Fios Pru
A Job?
WANT ADS
HINDO-CHINA
22.42. 37.18 22.34.00 up
Business Done -380,000 shares
LONDON STOCK EXCHANGE
LONDON, July 4 (Reuter) -- The Stock Exchange initially Can tinued the improvement but pró- fit-taking subsequently caused a partial reaction,
Oils and Home rails fully retain- ed" the initial gains, while gilt- edged and leading Industrials were | slightly below the best. Gold min- ings were lower on the attempts to sell former Paris favourites,
SILVER MARKET LONDON SILVER
London, July 3 (Reuters, Silver: Market quiet and fea- tureless. In the “afthroom, the market was quietly steady.
Bpot, 21-3/4d
Forward, 21-11/18d
BANK OF EAST ASIA, LEMITED
Paid-Up Capital Authorized Capital.....$10,000,000.00.
"Reserve" and Undivided
Profita
***** 5,598,000.00
.2,983,281,50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors;
SIR SHOUBON Cnow, Chairman Li Koon Chan, Esq. Li Lan Bang. Eng." P. K. Kwok, Fq., Wong Chu Son, Eng. Wong Yan Tong, Esq. Ena Viza Po, Kag." Chan Ching Shok, Esq. Fung Ping Wab Esq KAN TONG PO, Esq., Chief Manager LI TA FONG, Esa, Manager
Amoy
Detayla Bombay
Calonta
Branch and Agencita
He loo Perang Вівтар. Tardoa Hangouts Sostabaya
Saigon Bestow Melbourne 843 Fran. Sydney
Xazila
also. Tanta
Semarang
PodpƐng Shangbei,
Every description of Banking and Erohange business transacted. Lonza granted on approved securities
Current Accounts opened in Local Currency and Fixed Deposits re ceived for OAB "Year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAVE LAPOSIT BOXES TO LET.”
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by TEE NATIONAL GOVERNMENT
OF CHINA AB ANA INTERNATIONAL, EXCHANGE
BANK
STEAM NAVIGATION COMPANY LTD PAID UF CAPITAL 140.000.c0m.es
Operating Services for Cargo and Passengers
TO
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSINGE
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
·HAIPHONG
All steamers birth alongside the Roosevelt Terminal in. the French Concession at Shanghai, where passengers and cargo are landed."
For further particulars
plekso apply, tomor
JARDINE
NE MAT
ATHE
TELEPHONE ZOMIE GENERAL MANAGERS »
(BRANCHM ALL OVER OBINA) - Owing to our numerous Branches „In China and connections in the principal. Commercial Centres ́of the World, wo are able to, extend to our Cliente special facilities for Domestic and Foreign Banking and Exchange.
Head Office:----SHANGHAI
"Hong Kong Branch: ** "QUEEN'S ROAD, C. South China Offices
CANTON BWATOW
KONGMOON TOISHAN
SHLUCHOWKINGCHOW
We also handle the lane of Bonda and other Public Funds of the Chinese Government both at Home and Abroad
SHOUT CHEN,
Manager,
NEW YORK. COTTON: The market showed a firmer tone to- day. Crop deterioration complaints are beginning to come from the Texas section and prices advanced easily when a broader demand appeared, price-fixing operations being more liberal..
Bombay
Kuala
Francisco BAIPHONG
NEW YORK
YOKOHAMA
Calcutta
Lumpur Shanghai
Canton
London
Singapore
Chefoo
Lyons "Sourabaya
Colombo
Malacca
Manila
Sungei
Patani
Iloilo Ipoh
Close
Opening
10.08/08
"10.02/02
Prev.. Today's High Low Close Close Change
9.40 9.28 9.29 9.39
.10 up 19.03 18.82, 19.15 18.826 93 off *792 751 758 781 31 up
57 -582
574 581 it up 10.40 10.31 10.36 10.40 .04 up Closing Change 10.10/10
02 up.
unquoted
10.37n
..07: UD
9.29/29
} 9.12/12 ...)...... 9.02 N
9.28/29 9.13/13
9.39/38
...10 "up
9.23/23
Il up
0.016/030
9.15/15
.15 up
.)
8.80/86 8.70 N...
· 10.83
8.85/85 8.69/69" 8.85/85
-9.01/02
.15 up
.15 up
10.70
.07 up
Total sales Tuesday:-13,000 bales,
21.15/15
20.50/50
....... 18.15/20
18.20/20
17.95 N
17.75 N
19.17/303 18.82b/85a 18.20b/40% 18.00/00 unquoted 17.84/85 17.80b/18.10a 17:650
.85. off 33 off
.20 off
.11 or
10 of
17.68 N
17.58n
10 off
751/751. 752/751 787/783 702/781
781/781
up
752/758
781/787
31 up
798/792
Haiphong
Haskow
New York Bezděla
Fonelalu Robe
Tuesday's saleg:-14,129,000 bushels.
601/601
01/61
3
571/577 571/57 541/541
541/541
581/581 551/554
711 731a 74/a
71ja
73+/73
73 a 7421
10.36/37
10.62/62-- 34-3/4
10.35/35 10.60/50
10.40/40 10.59/60 34-3/4
.03 DI
3.83
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