1940-07-09 — Page 10

Daily Press 孖剌西報 All

*** men som 11-1/4

NEW YORK COTTON: Week-end weather and forecast are gen- erally unfavourable. Fears of damage to the crop due to continued rains are increasing.

NEW YORK RUBBER: Market closed.

CHICAGO WHEAT! Reports of rains in the North-West induced scattered liquidation and hedging. The Trade is nervous but friend- ly, expecting a lower government estimate on July 10,

NEW YORK" STOCKS: Previous close, 131.51; Today's close, 121.59; change, up .08

NEW YORK COMMODITY MARKET (REUTER'S SERVICE),

Head Office:-HONG KONG

Board of Directora: H. V. Wilkinson, Esq.,

Chairman. Hon. Mr. J. J. Paterson,

Deputy Chairman. J. K. Bousfeld, Esq., "A. H. Compton, Esq.,

Hon, Mr. 8. H. Dodwell, G. Miskin, Esq.,

T. E. Pearce, Bag

O. C. Roberta, Esq.;

Hon. Mr. A. L Shield,

Sir Vandeleur M. Grayhurn,

Chit Manager

'ranches:

hore Rangoon

Skipon Saa

38, Bishopsgata 'E.0.2.

Sub-Agencles In London: 117/123, Leadenhall Street, E.CLA West End Branch: 14/16, Cockspur Streak, 8.W L Manchester Branch: 52. Mosley Street, Manchester, A

AGENCIES AND BRANCHES:

ALOR STAR AMRITSAR

MAXOXOK METAVIA

BOMBAY CALOUTTA

- AGENCIKA: HOS

PAINIAN FLA

OLIVE BR

CANTON

CAWEFORE

Bombay

Francisco AIPHONG Calcatta Lumpur Shanghai

Muar

Dairen Manila Foochow Haiphong (Johors) Tiantain Baukow Mukden Tokyo

New York Taingto Peiping Yokohama Penang

XUALA

LUMPUR KVOKING MADRAS

NEW YORK

HANKOW (Peking)

NOURABAYA

TAXPING TIENTSIE

TONSKAM

-(Banket)

TSINGTAO ΤΟΠΟΣΑΜΑ

FORE.ON EXCHANGE and General Banking Business transacted.

CURRENT Account opened and Fizzo Deposit received for One Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNT also opened in interest allowed at rates obtainablə Local Currency and Sterling with

on application.

The Bank's Head Office in London

STOCKE

Last 'Sale

STOCKS

'Last Sale

July 6

Adams Express

Kennecota Copper

25+

Allegliany Steel Co.

211

Lakey Foundry & Mac.

Allied Stores ....

| Libbey-Owens-Ford

Glass

371

*****365

Allis Chalmers.

291

Lockheed Aircraft

234

Aluminium Ltd.

Loew's Inc.

241

62 3/2

Amer, Can

951*

Loft Incorperated · .............................

241

PAGE 10-HONGKONG DAILY. PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JULY 8, 1940, -

On London:-

Telegraphie Transfer. 1/8 7/8" Hank Bills, en demand 1/2 7/8 Credits 4 months' sight 1,3 3/8

On Shangbal:-

On demand

On Singapore:-

On demand

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

JULY 7, 1940.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET

TUESDAY, JULY 9, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital..... $50,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 220,000,000 Incorporated by Royal Charter, 1858

Reserve Funds:

Sterling

ileserve Liability of

£8,500,000 Paid-up Capital H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-

£3,000,000

Bezerva Fund

£3,000,000

Proprietors.....

.....$20,000,000

prietors

£3,000,000

HEAD OFFICE: LONDON:

REVIEW

(FROM PAYNE & CO.)

On Japan:-

American Cyanamid B.

311

Mack Truck Inc.

104

NEW YORK, July 6, 1940,

On demand

88.

Amer. & Foreign Power

|Martin, Glen L

201

July 8

On India:-

Amer Foreign $7 pí.

15*

McKesson & Robbins, pf4. 211*

SINGAPORE RUBBER

Telegraphic Transfer.

and demand

On New York:--

Bank Billa, on demand 23 1:18. Credits, 60 days' sight 24 1/2

On Batavia:--.

On demand imeam. 43. 1/8

On Paris:

Bank Bills, on demand 1085 *** Credits 4 months' sight 1180

On Balgon:-

Jez 1/2

American Gas & Elec.

341

Monsanto Chemical

89*

Close Opening Cloding Change Buyers Buyers

Amer. Locomotive

124*

Montgomery Ward

39.

SPOT

38-1/4

Amer. Metals Co.

133*

|National Aviation

91*

OCT./DEC.

33-1/2

Amer. Radiator

51.

Nat. Dairy Products

137

JAN./MAR.

31-1/2

38-3/4 36-3/4 up 1/2 34 cts 34-1/2 up 1 ct. 32 cts. 32-1/2

Amer. Rolling Mill... Amer. Sting and Ring Co,.. Amer. Sugar Redning „ha imer Tel, & Tel Amer. Tobacco "B" Amer. Waterworks

Nat, Distillers,

K. 8. Morrison, Esq.,

353*

National Gypsum

134*

נד

772 9

National Lead

1601 Nat, Power & Light National Steel Corp.

164

The market was very steady. LONDON. RUBBER

SPOT

Previous clase Today's close

buyers..

buyer's 12-1/2

Change

וי

HARRIN HONG KONG ILOILO

PENANG LINGOON

SPOR XARACHI KLANG

SAIGON

SHANGHAI

SINGAPOÉA

SITJAWAN

National Supply Corp.

51..

AUGUST

There Beste peale me 12. -

On demand

******... 108

Anaconda Copper

191

New York Central

121

SEPTEMBER

..... 11-3/4

OLÖSED

On Manila:-

On demand

40 1/4

On Bangkok:--

On demand

*** 140 1

Atchison, T. & S. Fe. Aviation Corp.

Bacock & Wilcox Baldwin Lecometive

181-

Niagara Hudson Power

OCT.-DEC.

...... 11-1/2

N. American Aviation

153

JAN.-MARCH

225

North American Co.

201

141

Northern Partic

On Sterling Notes:-

Baltimore & Ohio

3**

Owens-Illinois Class Co.

503

Bank Buying Rate

1/5

Barber Aaphalt Co.

Pacific Gas & Mer

294

Bar Sliver per oz.

11/18

Barnsdali Qu

Pacific Lighting

403"

Bell Aircraft Corp.

141

Packard Motors

Shanghai Exchange

Shanghal, July 8 (Reuter).

Official TT. Rates

Bendix Aviation

271*

Pan-American Airways de

141

Amoy

Bangkok Kobe

Batavia

Kowloon Kuala

Canton

Chefoo

Colombo

London Singapora Lyons Sourabaya Malacca Suage!

Patani Swatow

CERU..

COLOMBO

MANILA

DALXI

MEDAN

HAMBURG

PRIPLEO

Bethlehem Steel

751

Paramount Pictures

Hitsa & Co.

13.

Pennsylvania R.R

201

Boeing Airplane Co.

134

Phelps-Dodge

Opening

Borg-Warner

181

Philadelphia Read, Coal

London

0/3-3/4

Aridgeport Brass Corp.

81"

Phillips Petroleum

313

Harbin

Iloilo 1pob

New York

Japan

5-1/8 25

Briggs Mfg.

171

Pittsburg Coke & Trun

Brooklyn-Mhattan Trans.

234

Public Service of NJ.

361*

Paris

29-3/48

Budd 'M'facturing Corp.

Pullman Inc.

211

Hongkong

24-7/8

Canadian Pacific R'way

21*

Pure Of

Case, JI

471

Sterling

Radio Corpn. of Am. '

Celanese

261

Reading Company,

Com

11.

Sollers

Chesapeake & Ohio

367

Remington Arms Co., Inc.

*#*

Opening Closing

Chrysler Corph........

New York Cotton, Oct.

*634

Spot

074

0/3-63764

Republic Aviation Corp.

Climax-Molybdenum Col

273-

New York Rubber, Sept..........

Republic Steel

167

July... 0/4

Aug

0/3-63/64 0/3-15/18 0/3-15/16 U.S. Dollars.

Chicago Wheat, Sept.

Colts Patent Fire-Arms '..

73"

Revere Cop. & Brass Tric.

83*

Chicago Corn, Bept.

Columbla, Gas & Elec,

Reynold Tabac. "B"

384

772 787 587 571

New York Eldes, Sept.

Columbia 8% "A" pr.......

80%

Prev. Today's High Low Close Close Change

9.45 +36 9.35 9.45

10 up 18.04b Closed

M 771

of . 587 571 o

10.455 Closed

Richfeld Of

.71.

Spot $5-9/32 $6-7/92

Commercial Credit Co.

291

Safeway Stores

413*

NEW YORK COTTON

July

...... 6-9/32

6-7/32 6-1/8

Com, & Southern (@rd.)

Schenley Distillers

81.

Market:-Uncertain.

Aug......... 6-5/32

LONDON STOCK Copperweld Steel

EXCHANGE

(REUTER'S SERVICE)

London, July 5,

The following quotations are the | Douglas- Aircraft middle pricës at the close of the

Du Pont de Nemours

market in London. All quotations Eagle Picher Lead ære subject to confirmation and no Eaton Mfg. Co. responsibility is assumed for errors ¦ Elec, Autolite in transmission.

Consolidated. Edison

281

Bears Roebuck

721

July

9.86/87

Consolidated on

Shell Union Oil

81*

July (New contract),

10.16 N

Opening

9.85/83 10.03/01

Closing

Change

Continental Can

|Bocony-Vacunum "Oli

Continental Ou

Southern Pacide

October (

December

}

9.35/35

9.38/38

9.78/78 10.043 9.45/45

.08 0

.10 up

9.22/22

9.24/24

9.32/32

.10 up

177-

Southern Rly $5 pfù.

18.

January

9.13 N

9.14b/17a

9.271

.09 up

Corn Products

*481*

Sperry

952

March

( }

9.00/00

9.03/03

9.07/07

.07 up

Gurtiss Wright (C)

Spleet Manufacturing Co.

25*

May

8.84/84

6.86/85

8.90/90

.06 up

Curtiss Wright “A”

Standard Brands ....

Spot

10,48 N

10.710

קט 25.

Deere & Co.

Stand Gas & Elec.

Total sales Friday: 31,900 bales."

Distillers Corpn. Seagrams ̈14)*

Standard Oll of California

Standard Oll of NJ:

327

NEW YORK RUBBER

158

Stone & Webster

July

Studebaker Com.

20.565/84a

די

281*

Swift International

178

September

19.04b/08a

314

Technicolor

01*

December

18.13b/20

CLOSED

Elec Bond & Share

6..

Texas Corpn.

384

January

Elec. Bond & Share $5 pl.

601*

March

Texes, Gulf Sulphur

3011

17.88 N 17.88 N

War Loan, 31% (Red

Elec Bond & Share $6 pl.

Timken-Axle

+231

May

17.01 N

after 1952)

Elec. Power & Light si pf.

Trans-America Co.

Canton-Kloon Rly. 5%

Fisk Rubber

· 11+1

20th Cent, Fox.

61*

CHICAGO WHEAT

Chinese 41% Gold Loan

Fitntkate

-13.

20th Cent. Fox: $14 pf...... 15;"

1898 (Brit, Isane.....

July

771/77]

782/762

off

Gen. American Trans.

42*

Chinese 5% Gold Bonds,

1925-47

Union Bag & Paper Corp.

104-

September

778/773

Gen. Electric

314

-77/772.

2 off

Union Carbide & Carbon

681

December

781/78

781/781

78/781

off

Daleatis

Gen. Motors

431

Chin. 41% Anglo-French

Union Pacifc

Friday's aules:-19,909,000 bushels,

Gen. Railway Signal ....

Loan, 1908

United Aircraft

32)

New York Bentzia

Parir

Gen. Tire & Rubber.

1218

Chinese 5% Crisp Lean:"

United Airlines Trans ......

17"

CHICAGO CORN

Glidden Co.

12)*.

"1912

United Corpn

Chinese 5% Reorg, Loan,

1913 (Lda. Ix.)

Goodrich (B.F.).

121

United Corpn. $3 cum pf. » 35*

July

-611/619

604/601

14 off

Goodrich $5 pf:

501*

United Gas Corpn. .....

September

Goodyear Tire & Co. ..

147

Chinese 8% Ster. Noteя,

United Gas Improvement

December

581/577 530/581 551/551 551/551

** 573/67+

1 off

540/54)

1 од

Great Northern Iron Ore

134′′

U.S., Industrual Alcohol.

171*

1925 (Vickers)

Chin. Imperial Rly. 5%

Great Northern Rly, pfd

227

UA.Rubber ...

191

WINNIPEG WHEAT

Loan

Great Western Sugar

22.

Honan Rly. 3%

US. Rubber $8 ptd.

775"

July

Greyhound Corph.

114

UB. Steel

712

October

Bukuang Rly, 5%, 1911...

Hercules Powder Co.

801:

Vanadium

311

December

73ja 7418

731/731

73 a

74 a

(LP. N/V Issue)

14.

Homestake Mining

431*

Vultee Aircraft

62.

Hukuang Rly. 5%, 1911

International Harvester

391

Walworth Ca, 1.

31*

NEW YORK HIDES

Int" Nickel

231

(German Issue)

Warner Bros, Pict.

Lung Tsing & U. Hal

Inter. Paper & Power.

124

Westinghouse Eles,

004.

September

Rly. 5% 1913

Int, Tel, & Tel

21"

Woodward Iron Cor.

243.

December

10,455750a 10.65/65

CLOSED

S'hai-N'King Rly. 5%

Johns-Manville

564...

Chase National Bank

304

New York Official ..... 34-3/4.

unquoted

Tientsin-Pakow Rig. 3%

(Brit. Stipq3

-1-4-Laughlin-Steel-$7 pfd-884

National City-Bank

243*

NY-London Cross Rate 388-172

3.77

•—bid.

*-ex, dir.

Tientsin-Pukow Rly. 5%

(German Stpd.) Tientsin-Pukow Rly. 5% (Brit. Stad, Supi. Loan) Tientsin-Fukow-Rly. 5%

(Ger. Stpd, Supl Loan) 8 Jap. 5% Ster. Loan, 190"

Jap. 6% Bter. Loan, 1924 294

Chinese Eng. & Mining

(bearer) microson

1939/40

DOW JONES AVERAGE

July 7, 1940.

.11 off

unch.

CORBENT ACCOUNTS opened in LOCAL CUBRENDY and Fixed DurosITI received for one year or shorter periods in Local and other Our- rencies on terms which will be undertakes Executor and Traster quoted on application.

business, and claims recovery of British Income Tar overpaid, on terms which may be ascertained at [any of the Agencies and Branches.

8. A. CAMIDGE,

Manager,

Atso up to date SA DEPOSIT Boxs in various sizes To Lar. Hong Kong. 28th February, 1940,

HONGKONG SAVINGS

·BANK

The Business of the above Bank ia conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Bules may be obtain- ed on application."

For the HONGKONG & SHANGHAI BANKING CORPORATION.

Y. M. GRAYBURN,

Chief Manager. Hong Kong, 18th Feb., 1839.

THE CHASE BANK

15. QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK An American Bank offering com plete Foreign Banking Berrior in the principal Markets of the world. Interest Rates on Application..

SAFE DEPOSIT BOXES

This Bank is entirely owded by TA - CHAS NATIONAL Barx, Nrw Foxx, with Besources of argi -0.8.89,900,000,000,

D. M. BIGGAR,

Second Vice Prsa

A job?

WANT ADS

-INDO-CHINA

High Low Dow Jones Averages July, 5, Eligh Low Close Change.

15592 11164 39 Industrinda

26.90 2235. 20 Baila

37.70 18.03 20. Utilities

32 22 B3 06 40 Bonds

121.67-121.17 181.59

26.10 20.03 26.08

92 80 ~ 92 51. - 23.57

87.97

.12 up

Business Done-130,000 shares

Canadian fishermen are making a valuable contribution to the war effort in the direction of increas- ing the supply of food. In all but one of the five sea fisheries pro- vinces, the February catch topped that of February, 1939, and was worth more to the fishermen--at poluit of landing. The Dominion's landings of sea fish and shellfish

121.51

25.99

22.47

87.85

Ger, 7% Intl. Loan, 1924 5 Chartered Bank

65 67 45 50 11 Commodity Index 61.99

B.K. & S'ha! Bank (dn

Reg.)

HK & Shal Bank (Col

[leg)

Sub-Nigel on Shell Trans, & Trad. **

150

(bearer)

38/1+

1516

Nat. Defence Bands, 3% 99

Chosen Corporation

6/6

“London-Midlands-Scot-

Pekin Syndicate. .............

tish, 3%,

121

B'hal Elec, Constr. Co.

Great Western Rail-

8'hal Waterworks “A”.

way, 3%

281

Union InsurRECÜ MİNİ

Nat. Bank of India. 3% 254

Gula Kalimpong Rubber

·B-A, Tob, (bearer)

88/101

Mercantile Bank

Dunlop Rubber. ..............

25/3"

Bristol Aeroplane

9/48

Imperial Chemical Ind.

24-

United Steel

16/3

Woolworths

....................................

£3

Marzian Investments L

8/9

Western Holdings

7/9

Canada" stilli leads the world as during the month amounted to a producer of asbestos. Most of it comes from the Eastern Townships 4,137,900 hundredweights and its of Quebec, which have the largest landed value was $669,100, which known deposita in the world. The represents a catch almost double Dominion's output for 1939 totalled

364,472 tons valued at $15.859.212 that taken a year pravicus, a com as compared with 289,792 tons Parative increase also being shown valued at $12,890,195 in 1938.

in landed value,

BANK OF EAST ASIA, LIMITED

6,599,600.00

Authorised Capital......$10,000,000.00 Paid-Up Capital .......................... Reserve and Undivided

Profita

Head Office:--HONG KONG

No. 10 Des Voeux Road, Central,

Board of Directors:

SIR SHOUBOY CHоw, Chairman Li Koon Chan, Eng, Li Lan Sangh Eng. P. K, Kwok, Ex! Wong Chn San, Esq. Wong In Tong, Ext. Kan Ting Pag Chan Ching Bhck, 28. Fung Ping Wah beg Kam Tong' Po, Esq., Chief Manager LI Tex Foxa, Esq., Manager

Babaria

Branches and Agencies:- -

Xavopa

London

Bombay Manila

Halphong

Kobe

Preser Storspare

Hasgoon

Surabaya

Balgon Bwsbow

Xalbourne Ban Fran- Sydney Enginka

Paping

Bemazing Shagghai

Every description of Banking and Exchange business transacted. LoanE granted on approved securities.

Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year of shorter periods in Local and Foreign Cur rencies on terms which will he quoted on application.

SAK EPour Boxes To La

KAN TONG PO,

Chief Manager:

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE

STEAM NAVIGATION COMPANY LTD FAID-UP CAPITAL, $40,000,000.

Operating Services for Cargo and Passengers

TO-

SWATOW, SHANGHAL, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PINANG and CALCUTTA

DA SANDAKAN..

HAIPHONG

All steamers berth alongside the Roosevelt Termine in the French Concession" at Shanghai, where passenge and cargo are lauded.

For further particulars »

please apply to

JARDINE M

THESON&Co

TELEPHONE SOJIL-GENERAL MANAGERS

(BRANDERS ALL OVER CHINA) Owing to our, Ammerons Branobos in Chins and connections in the principal Commercial Centres the World, we are able to ext to our Clients special facilitie Domestic and Foreign Bankin Exohange th

"Head" "Office:"BHANUKAI Hong Kong Branch:

4, QUEEN'S BOAD, C. South China Offices CANTON

KONGMOON SWATOW Z TOIBHAN SHIUCHOW KINGCHOW

We also handle the issue of Bonds and other Public Fanda of the Chiness Government both at Home and Abroad."

1940-07-09 — Page 10

Comments

Private Research Note