STOCKS
July 8
51"
Kennecott Copper
Last Sale July 8 25
217
Allied Stores ...
B
Lakey Foundry & Mic. ..... Libbey-Owens-Ford Glass 361
3.
-Allis Chalmers
291
Lockheed Aircraft
*237
Aluminium Ltd,
30
Loew's Inc.
241
£
i
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Alleghany Steel Co.
QUOTATION
(REUTER'S SERVICE)
JULY 9, 1940,
Last Sale
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, July 8. The following, quotations are- the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET
WEDNESDAY JULY 10. 1940.
BANKS
·HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised Capital $50,000,000
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:
Sterling.
Reserve Liability of
£6,800,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Reserve Fund
£3,000,000 £3,000,009
Proprietori
..$90,000,000
prietors
£3,000,000 HEAD OFFICE: LONDON:
REVIEW
Amer. Can
951
Loft Incorperated
24
American Cyanamid B. ....
311
Mack Truck Inc.
191
War Loan, 34% (Red"
after 1952).
991
(FROM PAYNE & CO.)
Amer. & Foreign Power ...
13
Martin, Glen L
28:
Canton-K'loor Fly, 5%
6
Amer & Foreign $7 pf. .......
15*
McKesson & Robbins, pf4. 221
Chinese 41% Gold Loan
American Gas & Elec.
33)
Monsanto Chemical
091
1898 (Brit. Issue)",
43
.....
NEW YORK, July 8, 1940,
SINGAPORE RUBBER
Previous
July 8
Amer, Locomotive
13
Montgomery Ward
301
Amer. Metals Co.
131
National Aviation
91*
Chinese 5% Gold Bonds.
1925-47
Close Opening Closing Buyers Buyers
Change
43
SPOT
Amer. Radiator
51
Nat, Dairy Products
137
Chin. 41% Anglo-French
'OCT./DEC.
Amer, Rolling Mill
11.
Nat Distillers
201
Loan, 1908
44
JAN./MAR.
36-3/4 38-7/8 37 cts. 34-1/2 34-1/2 34-3/4 32-1/232-1/2 32-1/2
up 174
up.1/4
unch.
Amer. B'ting and Ring Co
38
National Gypsum
67
Chinese 5 Crisp Loab.
Amer, Sugar Refining
131
National Lead ...
161
1912
17
Amer Tel, & Tel.
1601
Nat, Power & Light
7
Chinese 5% Reorg, Loan,
The market was steady.
LONDON RUBBER
Amer, Tobacco "B"
771*
National Steel Corp.
56*
1913 Lan. Is.)
24
Amer. Waterworks
National Supply Corp.......
(51
Chinese 8% Ster. Notes,
SPOT
Previous close Today's close
buyers 12-1/2
buyers" 12-1/2
Change unch.
Anaconda Copper
101
New York Central
11.1925 (Vickers)
AUGUST
--་ ་་་* ---
12
12
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
Chief Manager.
Atchison, T. & 3, Fe.
18
Niagara Hudson Power
47
Chin. Imperial Rly. 5%
SEPTEMBER
11-3/4
11-3/4
Aviation Corp.
47
N.. American Aviation
157
Loan
56
OCT.-DEC.
11-1/2
Bacock & Wilcox
22)
North American Co.
201
Honan Rly, 5%
12
JAN.-MARCH
Amoy
11-1/4
11-1/4
Bangkok Koba
Baldwin, Lecometive
141
Northern Parlic
B1
Hukaang Bly, 5%. 1911.
The market was quiet.
Batavia Kowloon
Branches: Johore Rangoon
Saigon San
Baltimore & Ohio
33
Owens-linols Chiass Co.
501
(LP. NIT Issue)
14
Barber Asphalt Co.
91*
Paelic Gas Elec
293
Bukuang Rly. 5%, 1911
Barnsdall "Of
81
Pacific Lighting
404.
German, Issue)
Bell Aircraft Corp.
148
Packard Motors
37
Lung Taing & U.
Hal
Bendix Aviation
271
Pan-American Airways
142
Aly. 5% 1913
11
Bethlehem Steel
741
Paramount Pictures
5
8'hal-N'King Rly. 5%
15
Bliss Co.
121
Fennsylvania R.R.
101
Tientsin-Pukow Rly. 5%
Boeing Airplane Co.
13
Phelps-Dodge
27+
(Brit. Stpd.) .........
8
Borg-Warner
16
Philadelphia Read, Coal
Tientsin-Pukow Rly. 5%
Bridgeport Brass Corp.
9"
Phillips Petroleum
318
(German" Stpd.)
8
Briggs. Mfg.
17}
Pittsburg Coke & Iron
61
Brooklyn-M'hattan Trans.
221
Public Service of NJ:
37
Tientsin-Pakow Rly. 5% (Brit. Stpd. Supl, Loan)
NEW YORK COTTON: "The Government acreage estimate of 25,077,000 acres a slightly bullish, but local selling on a qület market caused easiness. Crop in North Carolina, Georgia and South Caro- lina looks promising though a bit late,
NEW YORK RUBBER: There was some buying on Far Eastern complications. Shipment offerings were light and at higher prices,
and CHICAGO WHEAT: The market was purely a local one outside interest was disappointing. Now wheat is moving and hedg- ing is increasing on improved weather conditions. The market needs new incentive:
Bombay Kuala
Calcutta
Lumpur
Canton
London
Chefoo
Lyons
Francisco Shanghai Singapore Sourabays
Colombo
Malacca
Suagei
Dairen
Manila
"Patani
Foochow
Muar
Swatow
Haiphong (Jobore)
Tiontain
Bankow
Mukden Tokyo
Harbin Qloilo Ipoh
New York
Peiping Pebang
8
Budd M'facturing Corp,
31
Pullman Inc.
21
Tientsin-Pakow. Rly. 5%
Canadian Pacific R'way"
*23
Pure Oil
71
(Ger. Stpd. Supl, Loan)
8
NEW YORK STOCKS: 121.68; Change, up 01.
Previous close, 121.59; Today's close.
Case, XI.
46 * ་
Radio Corpn. of Am
43
Jap 5% ster," Loan, 1907
Celanese
251
Reading Company,
Cam - 12-
Jap. 5 Ster, Loan, 1924 27
Chesapeake & Ohio
363
Remington Arms Co., Inc.
44*
Oer, 7% Intl. Laan, 1924
5
Chrysler Corpn.
637
Republic Aviation Corp.....
Chartered Bank .....
51
Climax-Molybdenum Co.
271
Republic Steel
HK. & Shal Bank (Lân.
"NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
167
Colts Patent Fire-Arms...
73*.
Revere Cop. & Brass Inc.
81*
Reg.)
65
Columbla Gas & Bec,
53
Reynold Tobac: "B"
381
HK. & S'hai Bank (Col.
Columbia 6% "A" pf.
941
Richfield Ou
78
Reg)
86
New York Cotton. Oct.
Commercial Credit Co.
291
Safeway Stores
42
Chinese Eng. & Mining
New York Rubber, Sept...........
Com, & Southern (©rd.))
13
Schenley Distillera
83
(bearer)
15/6
Chicago Wheat, Sept.
Brooklyne-Man, Pid.
110
Sears Roebuck
728
Chosen Corporation
6/5
Chicago Corn, Sept.
'Consolidated Edison ...
281
Shell 'Untoh on
81
Pekin Syndicate...
2
New York Hides, Sept.
58+ 561 10:47 10.29
s'hal Elec. Constr. Co
13
Consolidated Ou
32
Socony-Vacunum" OH
83
S'hal Waterworks “A”
NEW YORK ‘COTTONˆ
Close
131
Opening
Prey. Today's High Low Close Close Change 9.54 2.38 9.45 0.40 .05 off 19.30 19.19 19.04b 19.11b .07 up
79 76 77 -761 7 off
571 581
up 10.45b 10.34b 11 off
Change
Closing
Continental Can
401
Southern Pacific
B
Continental Off
18
Southern Rly $5 pfd.
181
Union Insurance
**20
July
9.78/TB
"9.81/80
9.85/87
07 up
Copperwald Steel
181
Sperry
351
Gula Kalumpong Rubber
15
Corn Products
49.
Spicer Manufacturing Co. 25*
R.-A. Tob, (bearer)"
85/7
July (New contract) ... 10.04 N October ( .)
unquoted 10.101
.06 up
9.45/45
Mercantile Bank ...
December ( })
9.32/32
Curtis Wright (C.)
67
Standard Brands
of
9.45/44 9.32/32
9.40/40
.05 of
9.26/26
.08 01
Dunlop Rubber
January {
$.22 N
9.22b/28a
9.100
.08 off
Curtiss Wright “A”.
231
Stand Gas & Elec...........
Deere & Co.
15
Standard Oll of California
19
Bristol Aeroplane
9
Match
{ }
9.07/07
9.08b/10a
9.01/01
.06 of
Distillers Corpn. Beagrams
15
Standard Oil of N..........
32;
Imperial Chemical Ind.
24
May
{ }
8.90/90
8.33/83
8.84/84
.00 of
United Steel
18/6
Spot
10.71 N
10.600
+1
Douglas Aircraft.....
67
Stone & Webster
7ł
.11 off
Woolworths "
Du Pont de Nemours
..158
43/9."
Studebaker Com
B1
Total sales Baturay:-6,800 bales.
Marsman Investments ...
8/9
Eagle Picher Lend
81*
Swift International
173
Western Holdings
7/9
NEW YORK RUBBER
Faton Mfg. Co.
281*"
Technicolor.
9%
Sub-Nigel
150
Kiec. Autolite
312
Texas Corpa. "....
38
July
Shell
Elec. Band & Share
B
Texes Gulf Sulphur
Trans,
Trad.
30%
September
20.56b/84a. 19.04b/08a
Elec. Bond & Share $5 pt.
60*
Timken-Axle
231
(bearer)
36/10
December
18.13b/203
Nat. Defence Bonds, 3% 991"
Elec Bond & Share $6 pt.
691
Trans-América Co.
51
January
17.88 N
19.108/30a 18.25b/503 unquoted
20.70/70 19.11b/20a
Londen-Midlands-Best-
Elec. Power & Light $7 pf.
29
20th Cent, Fax.
March
17.68 N
17.75b
tish. 3%
121
Fisk Rubber
101*
20th, Cent. Fox. $14 pf.
151*
May
17.61 N
18.30n 18.201 18.05/05 17.98n
.14 up .07 up .17 up
.32 up
37 p
37 up
Great Western Rail-
Flintkote
13
Union Bag & Paper Corp.
103
Gen, American Trans.
.43
■
Union Carbide & Carbon
way, 3%
Total sales:-560 tons.
08
Nat. Bank of India, 3% 251
Gen. Electric
31
Union Pacific
BOL
CHICAGO WHEAT `·
Gen. Motors
43
United Aircraft
33
!
July
702/762.
757/752
1 off
Gen. Railway Signal
11:
United Airlines Trans
171
September
77/7712 77/761
761/761
of
Gen. Tire & Rubber
-143*
United Corpn
2
Glidden Co.
124
United Corp. $3 cum pt. 341*
Goodrich (BF)
121
United Gas Corpn.
11
Goodrich $5 pf.
510*
United Gas Improvement 12)
Goodyear Tire & Co.
141
U.S., Industrual Alcohol ...
174"
SILVER MARKET
LONDON SILVER
London, July 8 (Reuter),
December
78/781
781/773
773/774
off
$98
Saturday's sales:—11,063,000 bushels.
CHICAGO COEN-
Silver: Little bear
covering:
July
601/601
81/61)
Great Northern Iron Ore .
13
U.S. Rubber
19-%
Business very
stuall Market
September
Great Northern Aly, pfd.
221
US. Rubber $8 pfd.
77
steady. In the afternoon,
the
December
57 /573 541/541
577/57) 544/54+
581/581 552/551
Great Western Sugar
211*
US. Steel
51牙
up. fup + up
Greyhound Corpn.
114
Vanadium
302
market was quietly steady.
WINNIPEG WHEAT
Hercules Powder Co.
**79*
Vultee Aircraft
63"
Spot, 21-11/16d.
Homeatake Mining
437
Walworth Co.
34"
Forward. 21-5/8d.
July
711a
71 Ja
uhch.
October
73ja
731/731
73ga
International Harvester
391
Warner Bros. Pict.
21
Int Nickel
231
Westinghouse nec,
91+
Inter. Paper & Power
127
Woodward Irch Cor.
"24"
int, Tel. Tel.
23
Johns-Manvite
501
Chase National Bark National City Bank
BOMBAY SILVER Bombay, July 8 (Reuter).
Indian Mint Silver
December
7448
741a
NEW YORK HIDES
September
Ready
62-10
December
10.45b/50a 10.85/65
10.45/47 10.65b/70a
J. & Laughlin Steel $7 pfd. 671
July 30 Settlement
'62-05
New York Oficial
unquoted
Aug. 28 Settlement
NY-London Cross Rate 3.77 [.
bid.
div.
DOW JONES AVERAGÉ
1939/40
July 7, 1940
High Low Dow Jones Averages July. 5, High Low Close
156.89 111 84 30 Industrials
122.04 121 39 121,63
Change ,04-up
38,90 22 15 20 Rails
20.06
26.25 26.09 26 02
.04 of
27.70 19.03 20: Utilities
22.37
27 60 92.43 2245
12 off
99 22 83 06 40 Bonda
-87.97
65.67 45.59 11 Commodity Index 61.98
88.08 51.78
.11 up
LONDON STOCK
EXCHANGE
(Reuter)
LONDON, July 10 Trading on the Stock Exchange was irregular. but the tone was firm
Home rails encountered good demand. Git-edge securities were initially hesitant but later Arm.
Industrials were irregular and Tins advanced quietly in anticipa~
.28 off
Business Done --730,000 shares
LONDON METALS
EXCHANGE
London, July 8 (Reuter). Tin, Standard. Cash, Middle Price, £284-1/2,"|--
Tin, Standard, 3 months, Middle Price: £284-3/8.
DUTCH MARKETS REOPENING BERLIN, July 9 (Router)AC
tion of the "announcemem" which cording to an Amsterdam message.
was made after the close of trade to the German News Agency, the
ing.
Wall Street was steady.
TIN QUOTA
LONDON, July » (Redtar)-The International Tin Committee has fixed the quota for the year, com- Imencing July 1 at 130 per cent."
Dutch Money Markets and the Stock Marketa are reopening on July 15.
LONDON GOLD
London, July 8 (Reuter Bar Gold, Fine per oz., 183/-
INDO-CHINA
STEAM NAVIGATION.
Operating Services for Cargo and Fassengers
-TO-
-SWATOW, SHANGHAI, TSINGTAU, CHEFOO-
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG siid CALCUTTA
BANDAKAN
HAIPHONG
All steamers berth alongside the Boosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further, particulam
please apply to
JARDINE
TELEPHONE SOJILT
MPANY LO
GER
BANKERS:
The Bank of England aau Vaidland
Bangkok
Bosabay Oydonia
Colombo Delhi
Bank, Ltd. BRANCHES :
Kota Bharu Kuala Lipis Howrah Tuala Lumpur
Sadria
BANK OF CHINA
Specially Chartered by
Kuala Kemaganu | (HE NATIONAL GOVERNMENT
[*. - "OF CHINA AS AN
INTERNATIONAL EXCHANGE
HONG KONG BRANCH; Brary xuscription at Hpking and Ernhauge
"
PAID-UP CAPITAL 840,000,000.00 (Branches. "ALL OVER CHINA) Owing to our numerous Branabes TRUSTEE AND EXECUTORSReis China and connections in the LEGO UNDERTAKEN a principal Commercial Centres or CURRENT ACOCUS29 opened in Local. On the World, we are able to extend CHMAY ANY PEIRD DEPOSITE moved in Loại 10 Our Clients special facilition for Cadac STERLINE on terins that máy in Domestic stid Foreign
D. BENSON.
What do
you want?
If there is any
Head Ofer SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Difece
KONGMOON
CANTON SWATOW.CO TOIBHAN
SHIUCHOWKINGⱭHOW!
We also handio the
kad other.
Bond
10.34b/35a 11 of 10.53b/540 12 off 34-3/4 4.18-1/2
Habsorbed Capital an
Reserve Fund and Rast,
£3,000,000
£1,800,000 21,000,000
Head Office: HONG KONG
Board of Directors:
H. V. Wilkinson, Esq.,
Chairman.
1
Hon. Mr. J. J. Paterson,
Deputy Chairman.
J. K. Bousfield, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell, G."Miskin, Esq.,
K. S. Morrison, Esq., T. E. Pearce, Esq., C. C. Roberta, Esq.,
Tsingtao Yokobama
38, Bishopsgate E.C.S.
Sub-Agencies In London:
117/129, Landenhall Street, ECA....
West End Branch;
14/18; Cockspur Streak, S.W 1. Manchester Branch:
62, Mosley Street, Manchester, 3:
AGENCIES AND BRANCHISS:"
ALOR STAR AMRITSAR.
HARDIN HONG KONG
ILOILO *POR KARACH1 KLANG KON KUALA
LUMPUR
KUCHING
MADRAS
MANILA
HIDAN NEW YORK PRIPING
(Peking)
SAIGON
SINGAPORE
BETIAWAN
BOURABAYA
TAIPING FIENTS IN
TUNGKAN
(Bhuket) THINGTAO
YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRANT ACCOUNTS opened and FIXED DEPOSIT received for Ons Year or shorter periods in Local or Other Currencica at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at raten obtainable
on application.
The Bank's Head Office In Londen
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter. perioda in Local and other Our rencies on terms which will undertakes, Executor and Trustes business, and olsims recovery of quoted on application.
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
B. A CAMIDGE,
Manager.
Also up to date Sara Darosir Boxes in various sizes To LIT. Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank in conducted by the HONGKONG & SHANGHAI BANKING COR PORATION, Bules may be obtain- ed on application.
For the HONGKONG & SHANGHẢI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK-
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com plete Foreign Banking Borvio in the principal Markets of the world:
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THEOHAMM NATIONAL BANK. NEW YORK, with Busotros of or 1:5.#2,900,000,000.
D. M. BIGGAB;".
Second The Pru
THE MERCANTILE BANK OF INDIA, LIMITÉÐ
Head Officer-15. "Gracechurch St/set, London, E3 Authorised Capital
Paid-up Capital
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital Reserve and Undivided
Profits
5,508,000,00
..2,983,261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors!" SIR SHOUаON CHow, Chairman Li Koon Chun, Esq. Li Lan Bang, Eag P. K. Kwok. Esq. Wong Chat Sun, Esq. Wong I'm Tong, Eng. Kan Ying Pay Req. Chan Ching Shok, Esq. Fang Ping Wah Eng KAN TONG PO, Esq., Chief Manager Li Tas Foxo, Esq., Manager
k
Branches and Agencies:--
Pulplus
Every description of Banking and Exchange business transacted. LosDE granted on approved securities.
Current Accounts opened in Loos! Currency and Fixed Deposits re osired" for one, year of”, shorter periods in Local and Foreign Cur tancies on terms' which "will-che-
quoted on application.
SAME CEPOSIT Boxes To LIT.
KAN TONG PO,
Chief Manager.
the
PENATO RANGOON
МНОГОБ BATAVIA
BOMBAY
2
BEREMBAN SHANGHAI
CALCUTTA
AGENCIES:
Paintis PlaCH ПАНТОМ GAWMPORK
CEBU GOLOMBO DELMI
AIPHONG
RAMBORG HANKOW
Amoy
Benelodies
Fataria Boobay
Manila
Halphaong
Bankow
New York: Bastide
Hominin
Paris
Babe
London
Perisse
Thurgoon
Baigua
Singapore
Becrabays
Melbourne Bus Fran- Byddsay
Karsiap KABAY
G4 Hongkong
*New York
Sharkal
Singapore
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