1940-07-17 — Page 10

PAGE 10-HONGKONG" DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

JULY 16, 1940...

Last Sale

גון

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London July 15. ́ 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 assured for errors in transmission.

(German Spd.)................. Tientsin-Pukow Rly. 5%

L

£

PAYNE

& CO

COMMODITY _BROKERS

STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

11

(FROM PAYNE & CO.)

Previous

NEW YORK COTTON: Small Southern selling was absorbed by scattered domestic trade interests, The weather in the Cotton belt was unfavourable,

NEW YORK RUBBER: Interest is being centered on the an nouncement that the Government is prepared to manufacture syn- thetic rubber in sizable quantities.

CHICAGO WHEAT: Market highly erratic. Prices are tending lower on a forecast of rain in the North-West and on large Winter receipts attended by hedging and and increasing visible supply.

NEW YORK STOCKS: Previous close, 121.43; Today's close, 121.72; Change up 24.

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

WEDNESDAY, JULY 17, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORFORATION

INDIA, AUSTRALIA

AND CHINA

Authorised Capital... $50,000,000

J

Issued & Fully Paid-Up 80,000,000 Incorporated by Royal Charter, 1838

Reserve Funda zə

Paid-Up Ospital £3,000,000 £6,500,000 Sterling

Beiervo Fand,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

prietora...................

£3,000,000 Proprietors

HEAD OFFICE: LONDON:

$90,000,000 |

Band Office:-HONG KỌNG

י

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. S. H. Dodwell, G. Miskia, Esq.,

E. 8. Morrison, Esq.,

T. E. Pearce, Esq.,

C. C. Roberta, Esq.,

Hon. Mr. A. L., Shields,

Sir Vandeleur M. Grayburn,

38, Bishopsgats E.QS

Sub-Agencies In London: 117/19, Leadenhall Street, E.C.R.

West End Branch: " 14/16, Cockapur Street, 8.WL

Manchester Branch:

52, Mosley Street, Manchester, à

AGENCIES AND BRANCHES:

ALOR STAR AMRITSAR BANGKOK BATAVIA.

BARBIN PENANG HONG KONG MANGOON ILOILO. MAIGON

BOMBAY

IPOR KABACHT

SEREMBAN

SHANOMAI

CALGUTTA KLANG

AGENCLES: KOKE

KINGAPORA

BITIAWAN

BOURABAYA

LUMPUR

TAIPING

CAWNPORE A

TIROTSIN KUCHING

CERT

MADRAS

JONGKAN

COLOMBO DELHI

MANILA

(Bhuket)

TRINGTAO

HEW YORK

YOKOHAMA

PRIPING

Chief Manager.XUALA

Johore Rangoon

Saigon

CANTON

Francisco |GAPEONG

Patani Swatow

(Jabore) Tientaîn Mukden Tokyo New York Tsingtao

Yokohama Peiping

Penang

CURRENT ACCOUNT opened in LOCAL CURRENCY and FixED DEPOSIT received for one year or shorter periods in Locs! and other Cur rencies on terins which will be quoted on application."

ALSO up to date Sara DEPOSIT Boxes in various sizes To LET. Hong Kong, 28th February, 1940,

HONGKONG SAVINGS

BANK

STOCKS

STOCKS

July 15

Adams Express

年

Kennecott Copper

Last Sale July 15 241

Alleghany Steel Co.

22

Lakey Foundry & Mac.

Allied Stores

5

Libbey-Owens-Ford

Glass

374

Allis Chalmers

29

Aluminium Ltd.

581

Lockheed Aircraft ............................

26

Loew's Inc. ...

24

Amer. Can

941

| Loft Incorperated .........

24'

American Cyanamid B.

311

Mack Truck Inc.

19*

Amer. & Foreign Power

14

Martin. Olen L

291

Amer" & Foreign 37 pi.

16

McKesson & Robbins, pf4." 21*

War Loan, 31%

after 1952) Canton-Kloon Rly. 5% Chinese 41% Gold Loan

(Red

991

NEW YORK, July 15, 1940.

American Gas & Elec.......

33

Monsanto Chemical

901*

"1898 (Brit Issue)

40

July 15

Amer. Locomotive

124*

Montgomery Ward

Chinese 5% Gold Bonds.

39

SINGAPORE RUBBER

Close Opening Closing Change

Amer. Metals Co.

131*

National Aviation

91

1925-47

43

Buyers

Buyers -

H

Amer. Radiator

51

Nat Dairy Products

131

Chin. 44% Anglo-French

SPOT

37 cts

37 cts. 37 cts,

unch.

"Amer, Rolling Mill ".........

∙11·

Nat: Distillers

201

Loan, 1908

44

Amer. S'ting and Ring Co.

341

National Gypsum

Chinese 5% Crisp Loan.

OCT./DEC.

34-3/8

34-5/8

34-1/2

off 1/8

Amer, Sugar Redning

131*

National Lead

161

1912

15

JAN./MAR.

32-1/4

32-1/4 32-1/4

unch.

Amer. Tel, & Tel

159

Nat, Power & Light

78

Chinese 5% Reorg. Loan.

The market was "dull

Amer. Tobacco "B"

779

1913 (Ldn. Is.)

20

|National Steel Corp.

573

LONDON RUBBER

Previous close Today's close

Amer, Waterworks

91

National Supply Corp.

53

Chinese 8% Ster. Notes.

191

1925 (Vickers)

12-3/8

13

off 3/8

Anacorda Copper

New York Central

117

Atchison, T. & 8, Fe

151

Niagara Hudson Power

47

Chin, Imperial Rly. 5%

SPOT

* 12-1/8

11-7/8

off 1/4

3Branches:

Aviation Corp.

5

N. American Aviation

Loan

58

AUGUST

11-7/8

11-3/4

off 1/8

16

Bacock & Wilcor

23

North American Co.

20

Honan Rly 5%

12

SEPTEMBER

11-5/8

11-3/8

of 1/4

Amoy

Baldwin Lecometive......y

148

Northern Partic

Hukuang Rly. 5%, 1911...

OCT.-DEC.

11-3/8

11-1/8

of 1/4

Bangkok

Köbe

Batavia

Baltimore & Oblo

31

Owens-Illinois Glass Co,

(LP. N/ Issue)

14

JAN, MARCH

buyers

buyers

Change

Kowicon San

49

Bombay

Kuala

Barber Asphalt Co.

91"

Pacific Cas & Flee

201

Hutuang Rly. 5%, 1911

The market was dull

Calcutta

Lampur Shanghai

Barnsdall Ou

så.

(German Issue)

11

Canton

London

Singapore

Pacific Lighting

412*

Bell Aircraft Corp.

161

Packard Motors

4

Lung Thing & U. Hal

Chefoo

Lyons Sourabaya

Bendix Aviation"

271

Rly. 5% 1913

8

Colombo

Malacca

Sungei

Fan-American Airways

137

Bethlehem Steel

751

Faramount Pictures

47

S'hal-N'King Rly. 5%

15

Dairen

Manila

Foochow

Muar

14*

Tientsin-Pukow Rly. 3%

Bliss Co.

Pennsylvania R.R

197

Boeing Airplane Co.

141

(Brit. Stud.)

Phelps-Dodge

251

Borg-Warner

151

Philadelphia Read, Cosi

Tientsin-Pukow Rly..5%

Bridgeport Brass Corp.

81

Phillips Petroleum

311

Briggs Mig.

175

Pittsburg Coke & Iron

Haiphong Bankow Harbin Iloilo Ipoh

64.

Brooklyn-M'hattan Trans.

23

Public Service of NJ,

364

Brooklyne-Man. Pfd.

108*

Pullman Inc.

194

(Brit, Stpd. Supt. Loan) 8 Tientsin-Pukow Rly. 5%

Budd M'facturing Corp.

31

Pure Ou

71

Canadian Pacific R'way

21

Radio Corpn. of Am.

51

Case, JI.

471*

Reading Company,

Com

111*

Celanese

281

Remington Arms Co., Inc.

(Ger. Stpd. Supl Loan) 8 Jap. 6% Eter. Loan, 1924 30 Ger, 7% Intl Loan, 1924 54 Chartered Bank

51

44*

Chesapeake & Ohlo

381

Republic Aviation Corp.

HK. Shaf Bank (Lan

4+

Chrysler Corpn.

031

Reg.)

63

Republic Steel

167

Climax-Molybdenum Co.

271

Colts Patent Fire-Arms

73.

Revere Cop. & Brass Inc.

H.K. & Shal Bank (Col.

81*

Reynold Tobac. "B"

Reg)

65

36+

Columbia Gas & Elec.

51

Chinese Eng. & Mining

Richfeld Of

8

Columbia 6% "A" pt.

831

Bafeway Stores

417

(bearer).......

15/6

Commercial Credit Co.

281

Chosen Corporation

6/6

Schenley Distillers....

Com, & Southern (Ord.)

14

Pekin Syndicate

2

Consolidated Edison

271

Sears Roebuck

721

S'hai Elec. Constr. Co.

15

New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept.

Shell Valon Of

Bi

Consolidated on

84

S'ha! Waterworks "A"

133

Continental Can

301

Socopy-Vacunum 011-

8.

Union Insurance

20

Prev. Today's

Close Close Change High Low-

9,45 9.37 9.43N 9.45 .02 up

19.25 19.15 .10 0 19.30 19.15

74 73 737 737 57# 58+ 58 571,

9.70 9.81

vi up 9.04 9.87b .17 off

Southern Pacine

81

Continental Of

181

Southern Rly $5 pfd.....

181

Gula Kalumpong Rubber

15

Opening

Closing

Change

Copperweld Steel

18.

Corn Products

481

Sperry

351

B.-A. Tob. (bearer)

65/8

Mercantile Bank

Ourtiss Wright (C.)

77

Spicer Manufacturing Co.

251*

111

9.73/73

9.72/72

.02 of

10.00%

10.04n

unch.

Dunlop Rubber

25/3

Standard Brands

6

Curtiss Wright "A"

24)

Bristol Aeroplane

8/6

9.43 N

9.41/41

9.45/45

02 up

Stand Gas & Elec.

11"

Deere & Co.

151

Distillers Corpn. Beagrams

151

Standard Olof California

18

Imperial Chemical Ind. 23/7)

United Steel

15/6

January

December ( {

")

***... 9.30/30

9.29/29

9.32/32

02 up

...... 9.20, N

9.18b/20a

9.22/32

.02 up

Standard Ol of NJ.......

341

Douglas Aircraft ....

681

Woolworths

48/31

March

{

.)

9.09" N,

9.07/07

9.12/12

.09 up

Stone & Webster

B

Du Pont de Nemours..

158

Marsman Investments

7/6

May

{

ป

}

3.91/91

8.90/90

8.94n

103 up

8"

Studebaker Com

61

Western Holdings ......................

7/0

Spot

10.48 N

10.50n

02 up

Eaton Mfg. Co.

.29

Swift International

171

Sub-Nige

140

Elec, Autolite

310

Technicolor

10

Shell Trans, &

Trad.

Elec. Bond & Share

61

Texas Corpn.

381

NEW YORK RUBBER

(bearer)

33/9

Texes Gulf Sulphur

31

Elec. Band & Share $5 EL.

62

Nat Defence Bonds. 3% 997

July

Timken-Axle..".....

231

Flec. Bond & Share $6 pt.

71

Londen-Midlands-Scot-

September

Trans-America Co.

5

Elec. Power & Light 3 pf.

321

tish, 3%

· 111

December

20.60b/70a 13.25/25 18.45/46 18.38b/550

19.30/25

Fisk Rubber

101

20th Cent. Fox.

eg

Great Western

Rall-

January

Mintkote.

127

20th. Cent. Fox, 81; pf.

14#*

Nat. Bank of India. 3%

263

March

Gen. 'American Trans.

451

Union Bag & Paper Corp:

101

way, 3%...

241

May

18.35 N 18.20 N 18.15 N

20.55b/60a .05 off 19.15/16 18.40/40 18.371 unquoted 18.40/38 18.35n 18.35n

.10 off

05 ON .02 up .15 up

20 up

Gen. Jectric

31

Union Carbide & Carbon

68

I-ex-dividend

Total sales;-660 tons.

Union Pacific ..

82

497

Gen. Motors.....

Gen. Railway Signal

107

United Aircraft

341

CHICAGO WHEAT

United Airlines Trans

101

Chen. Tire & Rubber

121

Glidden Co.

13}

United Corpn.

2

SILVER MARKET

July s

·73/731

September

737/74

Goodrich (B.F.)

121

United Corp. $3 cum pl.

35

December

751/750

731/731 751/751

723/722 734/731 75/747

off

off

off

Goodrich #5 pi."

511*

United Gas Corpn. .....

14

Saturday's sales:

8,806,000 bushels.

Goodyear Tire &.........

142

United Gas Improvement

121

CHICAGO CORN

US.. Industrua! Alcohol ...

17

Great Northern Iron Ore

14

Great Northern Riy, pid.

231

U.S. Rubber

187

"July

601b

617/62

Great Western Sugar

211*

US. Rubber $8 pfd,

741

118

U.S. Steel

511

September ima December

57/574

573/572

581/584

544/54

54/541.

541/541

Greyhound Corpn.

Vanadium

291

WINNIPEG WHEAT

Hercules Powder Co,

78*

Vultee Aircraft...

63

Homestake Mining

43

July

Walworth o

3+

71fa

unch.

International Harvester

391

October

731x

Warner Bros, Pict...

21

73ja

73ja

Int Nickel

231

December

Westinghouse Elec.

93

7442

7412

Inter. Paper & Power

121

“Authorised Capital

Woodward Iron Cor...

251

NEW YORK HIDES

Subscribed Capital Tulea

Int, Tel. & Tel

21*

Chase National Bank

Indian Mint Silver

September

Johns-Manville...

55+

J. & Laughlin Steel #7 pid74

National City Bank

Ready

July 30 Settlement

62-05 62-01

Aug. 28 Settlement

9.34/84 December"..

10.01/01 New York Official ...... unquoted NY-London Cross Rate 3.71

9.80b/83a 10.00/9.98

9.67b

off

Paid-up Capital ..

£3,000,000

21,800,000

£1,050,000

21,256,580

9.87b

94-3/4-

.14 off

BANKERS:

3.84-3/4

@mnbid.

1-ez div

*1039/40

July 16, 1940.

Change

155,99 111 84 30 Industrials

35.9022 15 20 Rails

27.70 1903 90 Utilities

,05 up .01 off

Bangkok

Ipoli

Boibey

Taina

Calcutta

Esantan

Colombe

Kandy

Delbi

Gala

Hongkong

.04 off

Eagle Picher Lead

bear covering.

LONDON SILVEK

London, July 15 (Reuter).

Silver;

Little

offerings small Market quiet. In the afternoon, the market was

quietly steady.

Spot, 22-1/184.

Terward. 21-3/46."

BOMBAY SILVER

Bombay, July 15 (Reuter). Market-Steady. Outake 50 bars.

."Close

Chicago Com, Sept. New York Hides, Sept.

NEW YORK COTTON

July

July (New contract) October t

9.74 N 10,04 N

Total sales Saturday:-100 bales.

1. Up

קט }

dup

The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

V. M, GRAYBURN,

Chief Manager. Hong Kong. 5th Feb., 1999.

N

THE CHASE BANK

18, QUEEN'S ROAD, CENTRAI

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

ΤΕ CHASE NATIONAL BANE New York, with Resources of Gre 1.5.$2,900,000,000.

HAMBURG HANKOW

MEDAN

(Peking)

FORLON EXCHANGE and General Banking Business transacted.”.......

CURRENT Accour opened" and FIXED DEPOsirs 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. poly

The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, os terms which may be ascertained at Jany of the Agencies and Branches.

RA CAMIDGE,

Manager.

BANK OF EAST ASIA, LIMITED

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

Profita

6,596,000.00. 2,983,281.50

Head Office:--HONG KONG No. 10 Des Vosuz Road, Central." Board of Directora:

BIR SHOTSON Okow, Chairman" Li Koon Uhr, Emy. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Soo, Esq. Wong Tan Tong, Esq. Kaa Ying Po, Bag, Chan Ching Bhalk, Roq, Fung Ping Wah bag KAM TONG PO, Esq., Chief Manager LI Tax FONG, Esq., Manager

Branches and Agencies:--

Amay Batavia

Bombay Oslogis Haiphong

Hakow Bonoinfo

.:.

Korlo

Icom

Monda

Prang

Baagoon

Bagon

Blogapore

› Bourasys

Bwatdw

Melbourne San Fran. Sydney

New York Bottle Paris

Pelping

OUTFIT

ciaog. Tientsin

Bemarang **Shangha

Every description of Banking and Exchange business transacted. Loans granted on approved securities. D. M. BIGGAR,

Current Accounts opened in Local Fecond Visa ProCurrency and Fixed Deposits rea

ceived for one year or shorter periods in Local and Foreign Car- rencies on terms which will be quoted on application.

BAT DEPOSIT BOXES TO Lær. ·

KAN TONG PO,

Chief Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Officer-15, Gracechurch Street, London, EC3

DOW JONES" AVERAGE

High Low Dow Jones Averages July. 18, High. Low Close

22.22 8308 40 Bonds

65.67 45.59 11 Commodity Index

LONDON METALS

Tin,

EXCHANGE

London, July 15 (Reuter).

Standard, Cast,

Price, £265-1/2-

Middle

121.48. 28.06 12.07 88.41

Burgess Done --130,000 shares

122.13 121.20 121.72 24 up

26.15 26.08 28.10

88.37

22 02 22.47 28,62

50.00

LONDON STOCK

EXCHANGE...... LONDON, July 18 (Reuter) → In the Stock Exchange, Mr. Win- ston Churchill's overnight speech

Tin, Standard, 3 months, Middle was responsible for the firm mar-

Price, 2284-3/8.

LARGE ORDERS

IN HAND

MELBOURNE, July 16 (Reuter)

ket.

Chinese and Japanese bonds improved a point or more on the progress of the Anglo-Japanese negotiations.

Industrials are irregular but the The Prime Minister of Australia, Sains at least are equal to the Mr. Menzies, announced that or Jossés...........

ders from overseas totalling Wall Street is stendy

28,888,000 are being Elled in the Commonwealth. They include of ders from the British Ministry of

Supply, the Admiralty of New Zealand, and India.

LONDON GOLD

Bar Gold. Fino per cz

London, July 15 (Reuter).

1837-

INDO-CHINA

STEAM NAVIGATION COMPANY LTD,

Operating Services for Cargo and Passengers

TO--

SWATOW, SHANGHAI, TSINGTAÙ, CHEFOO

and TIENTSIN-

KOHF and OSAKA

SINGAPORE, PENANG and CALCUTTA

BANDAKAN

HAIPHONG

All steamers berth alongside the Boosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.

For further particulars

please apply to

ARDINE MAT

TELEPHONELLOSING GENERAL MA

Reserve Fund and Best,

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Hourih

Kanal

Kata Bhar

Innla· Lépla

Karla Lumpur

Kuala Trengganu Madens

New York,"

Penang

Shanshal

Supla BingaporeTM -

HONG KONG BRANCH: Kvary, description of Banking and Ezebacze brunínsm, transacted.

TRUSTEE AND EXECUTORSHIP.

UNDERTAKEN T CURRETX ACCOUNTS opened in Local Car

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS-AN INTERNATIONAL EXCHANGE

MABANK

PAID-UP CAFITAL $60,000,000.00 (BRANCHES "ALL OVER OKINA). "Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking, and Macsgof.Frohange.

Fancy w FIXED DEPOsite received in Local Curry BREEZING on terme Last may be Recertainer) On ser patien

·D. BENSON,

What do you

want ?

If there is anything.

you want to buy or sell try samal;: Classified "advertise- 'ment, in' the⠀⠀ Hong-

kong Daily Press,

words

apaid

Head Office: SHANGHAT

Hong Kong Brunch;

14, QUEEN'S ROAD, 0. South China Ofices CANTON 5 KONGMOON [SWATOW

SHIUOHOW...

TOISHAN

KINGCHOW:

We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.

SHOUT J. CHEN,

Mandger