1940-07-18 — Page 10

Last Bale

STOCKS

Lant Sale

July 16

54

Alleghany Steel Oo

221

51

Kennecott Copper. Lakey Foundry & Mac. Libbey-Owens-Ford

July 18 251

3*

Glass

37)

Allis Chalmers

201

Lockheed Aircraft

365

Aluminium Ltd,

69A

Loew's Inc. .........

241

COMMODITY

On Singapore:-

On demand

On Japan:-

On demand

On India:-

Amer. Can

951

Loft Incorperated

241

62 3/4

American Cyanamid B.

33

Mack Truck Inc.

20

ره

Amer. Foreign Power

14

Martin, Glen L

291

30

Amer & Foreign $7 pl.

16

McKesson & Robbins, pf4. 214

NEW YORK, July 18, 1940.

American Gas & Elec.

32

Monsanto Chemical

91

On Manila:-

Telegraphic Transfer.

and demand

On New York:

Bank Bills, on demand 23 3/9 Credits, 60 days sight 24 1/8

On Batavia:--

On demand

On Paris:

Bank Bills, on demand 1086 Credits 4 months' sight 1180)

On Balgon:-

On demand

On demand 49 3/4

142 1/2.

Amer. Locomotive

13)

Montgomery Ward

40

SINGAPORE RUBBER

Amer. Metals Co.

141

National Aviation

10

Amer. Radiator

54

Nat, Dairy Products

134

SPOT.....

Amer. Rolling Mili

117

Nat. Distillers

21

OCT./DEC.

Amer. Sting and Ring Co.

351

National Gypsum.

63

JAN./MAR.

.... 43 3/4

Amer. Sugar Refining...

13

National Lead .....

161

Amer. Tel, & Tel.

1591

The market was idle.

Nat, Power

Light

-71

Amer. Tobacco "B" Amer. Waterworks

771

National Steel Corp.

584

LONDON BUBBER

9

National Supply Corp.

81

Anaconda Copper

197

New York Central

12+

SPOT

108

Atchison, T. & 8, F.

161

Niagara Eudson Power ...

47

AUGUST

PAGE 10-HONGKONG DAILY" PRESS

FINANCE.

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JULY 17, 1940...

'On London:

Telegraphic Transfer. 1/8 1/4 Bank Billa, on demand 1/1⁄2 1/9 Credits 4 months' sight 1/3 3/8

On Shanghai:---

On demand....

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

Allied Stores

QUOTATION

(REUTER'S SERVICE)

JULY 17, 1940.

PAYNE & & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG.

MARKET REVIEW

THURSDAY, JULY 18, 1940

BANKS

HONGKONG® & SHANGHAI THE CHARTERED BANK OF .-

BANKING CORPORATION

Authorised Capital.. -$50,000,000

Reserve Funda: ' Sterling

INDIA, AUSTRALJA

AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1850

£6,500,000 Reserve Fund

Paid-Up_Capital

.....£3,000,000 ...£3,000,000

£3,000,000

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

Proprietors

................. -$90,000,000

Head Ofco:-HONG KONG

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

է.

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

·Deputy Chairman, J. E. Bousfeld, Esq., A H. Compton, Esq., Hon. Mr. S. H. Dodwell, G. Miskin, Esq..

K. S. Morrison, Esq.,

T. E. Poarce, Esq.,

C. C. Roberta,, Esq.,"

Hon. Mr. A. L Shield,

Sir Vandeleur M. Graybara,

Chief Manager.

prietors

HEAD OFFICE: LONDON:

38, Bishopsgate E.Q.2 Sub-Agencies In London:

117/192, Leadenhall Street, E.Qa West End Branch; 14/16, Cockspur Street, 8.W L -

Manchester Branch:

52, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES:

ALOB STAR AMRITSAR BANGIDI BATAVIA BOMBAY

DALOUTTA

BANGOON BAIGON

HARBIN KONO ION ILOILO

ΤΡΟΥ KARACHI KLANG

PENANG

SEREMBAN

SRANGBAR

BINDAPORA

ΒΙΤΙΑΤΤΑΝ

SOURABHYA

TAIPING

TIENTRIS

AGENCLER: XOD

CLATE SIMEST KUALA

FAIRLIN PLATN

CANTON

QAWNFORE

LUMPUR KUCHING

(FROM PAYNE & CO.)

Previous

Close Buyers

"37 cts.

July 18 Opening Closing

Buyers

38-7/8 38-3/4 of 1/4 34-1/2 34-3/8 34-1/8 off 3/8 32-1/4 32-1/8 31-3/4 off 1/2..

Change

Previous close Today's close

buyers.

buyera

ཅན་་་ ་་་་ན་་པས་་་*

12

11-7/8

11-7/8

11-778.

Change off 1/8 unch.

Aviation Corp.

5

N. American Aviation ..............

16)

SEPTEMBER

11-3/4

11-5/8

of 1/8

Bacock & Wilcox

244

North American Co.

201

OCT.-DEC.

11-3/8

11-3/8

unch.

Baldwin Lecometive

151

Northern Pacific

B

JAN.-MARCH

..... 11-1/8

11-1/8

unch

On Bangkok:-

On demand ...

...... 149 1/2

Baltimore & Ohio..

34

Owens-linols Glass Co.

492

The market was quiet,

Barber Asphalt Co.

91

Pacific Gas & Elec

281

On Sterling Notes:-

Barnsdall Onl

BI

Pacific Lighting

42)

Bank Buying Rate

1,5

Bell Aircraft Corp.

181

Packard Motors

37

Bar Silver per os.

19 3/16

Bendix Aviation

284

Pan-American Airways

14

Shanghai Exchange

H

Bethlehem Steel

771

Paramount Pictures

5

Bliss Co.

141

Pennsylvania R.R

* NEW YORK COTTON; Prices closed at around the day's best levels. Buying was more general. The supply of Contracts quiet and limited. Sentiment was aided by expectations a higher loan this season, possibly one cent above that of last season." Wen- ther conditions generally are unfavourable.

WBS

20

Shanghai, July 17 (Reuter),"

Boeing Airplane Co.

141

Phelps-Dodge

261

Official T.T. Rates

Borg-Warner"

18

Philadelphia Read, Coal

f

Opening

Bridgeport Brass Corp.

9

Philips Petroleum

32

London

0/3-3/4

Briggs Mig.

"171

Pittsburg Coke & Iron *...

New York

5-7/8

Brooklyn-M'hattan Trans.

23

Public Service of N.J.

37

Japan

24-1/4

Brooklyne-Man. Pid.

"108"

Pullman Inc.

191

LÉ

Faris

Hongkong

1.841

20-3/4N

Budd M'facturing Corp.

33

Pure Ol

7+

24-7/0

Canadian Pacific R'way

21

Radio Corpn, of Am. ......

5

Sterling

Case. JI

481*

NEW YORK STOCKS: 123.12; Change; up 1.40.

Reading Company,

Com

111

Sellers

Celanese

281

Remington Arms Co., Inc.

4

Opening

Closing

Chesapeake & Ohio

37

Republic Aviation Corp. ...

47

Spot July

0/329/32 0/3-29/32 0/3-29/32 -0/3-29/32

Chrysler Corpn.

66%

NEW YORK COMMODITY MARKET

Republic Steel

17+

Climax-Molybdenum Co

271

Revere Cop. & Brass, Inc. ..

$7

Aug0/3-7/80/3-7/8"

Colts Patent Fire-Artis

73*

(REUTER'S SEKVICE)

Reynold Tobac. "B"

36]

Columbia. Gas & Elec.

6"

U.S. Dolars

Richfeld on

8

Columbia 6% "A" pi.......

85

Bpot

$8-3/16

$6-5/32

Safeway Stores

421

Commercial Credit Co.

29

New York Catton. Oct.

July

6-3/10.

6-6/32

Com, & Southern (Ord.),

14

Schenley Distillers

97

New York Rubber, Sept.

High 9.53 19.38 19.03

Prev. Today's Low Cicse Close Change 9.42 9.45 9.51 06 up 19.15 19.29 .14 up

Aug.

6-3/32

8-1/16

Sears Roebuck

79

Consolidated Edison

Chicago Wheat, Sept.

75

731

Shell Union OH

8

Market: Quiet,

Consolidated O

61

Chicago Corn, Sept.

531 581

Calcutta, July 16 (Reter).

Silver Duty Kate.

The Central Bank of China's

rate on London at 10 a.m. today

was 1/2-1/24. **

Continental Can

Continental Oll

Copperweld Steel

Corn Products

The Equalisation rate was 17 Ourtiss Wright (C)

per cent.

India Rupee Paper

Bombay, July 16 (Reuter).

Govt: 34% Rupee, '90-0-0.

Calcutta Exchange.

TT on Japan, 85

LONDON STOCK Fisk Rubber

EXCHANGE

(REUTER'S SERVICE) .

London, July 16. 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

War Loan; 31% (Red - after 1952)...... Canton-K'loon Rly. 5% Chinese 41% Gold Loan 1898 (Brit. Jamie) .... Chinese 6% Gold Bonds.

Flintkote:

Gen. Railway Signal Gen. Tire & Rubber Glidden Co. Goodrich (BF) Goodrich $5 pt. Goodyear Tire & Co.

391

Socony-Vacunum Oil

87

Southern Pacific

82

New York Hides, Sept.

9.67

181

181

Southern Rly $5 pfd.

19

NEW YORK COTTON

Close

9.47 Opening"

731 751. 17 up '581 -581 1 up 9.67 9.69-07 of

Closing

Change

Sperry

373

July

9.72/72

9.67/62

502

9.58/58

.14, off

Spicer Manufacturing Co. 261°

7

July (New contract)

10.04 N

9.83/82

9.91n

.13 of

Standard Brands

19

Curtiss Wright "A"

241

Stand Gas & Elec.

1t

Deere & Co.

151

Distillers Corpn. Seagrams

151"

Standard Oll of California

1814

October December ( January {

8.45/45

9.43/42

9.51/51

.06 up

>

9.32/32

9.31/30

9.38/39

.06 up

..).... 9.23/22

9.20/20

9.280

.08

up

Standard Oil of N.J.

351

March

( }

9.12/12

9.09/09

Douglas Aircraft

691

9.17/17.

.05 up

Stone & Webster

81

Du Pont de Nemours

159

May

8.94 N

8.91/92

8.9971

.85 up

Eagle Picher Lead

81*

Studebaker Com.

67

Spot

10.50 N

10.560

.00 up

Eaton Mfg. Co.

303

Swift International

177

Technicolor

'10

Total sales. Monday:-3,400 bales.

Elec. Autolite

32

Texas Corpn.

391

NEW YORK RUBBER

Elec. Bond & Share

Elec. Bond & Share $5 pt.

62

Texes Gulf Sulphur

31

July

20.55b/60a

Elec Bond & Share $6 pl.

701

Timken-Axle

231

September

19.15/15

Elec. Power & Light $7 pf.

331

Trans-America Co.

41

December

18.40/40

19.00b/25a 18.42b/558 18.54b/57a

21.05/05 19.29/29

20th Cent, Fox ......

61

January

18.37 N

· 103*

13

20th Cent. Fox, $11 pr. .***

141:..

March

18.35 N

sten, American Trans.

451

Union Bag, & Paper Corp.

114

May

18.35 N

unquoted "18.50 18.35g/50a 18.42m 18.42n

.50 up .14. up .14 up .13 up ,07 up .07 up

Gen. Electric........... Gen. Motors

311

Union Carbide & Carbon

081

Total sales:-890 tons.

441

Union Pacific

821

11

United Aircraft

351

CHICAGO WREAT

NEW YORK. RUBBER: Intermittent government purchases are reported.

CHICAGO WHEAT: The diminishing of hedge pressure under the influence of the loan, unfavourable weather news in the North- West and the strength of the cash position encouraged replacing of long lines.

Previous close, 121.72; Today's close,

Francisco BAIPHONG

Haiphong (Johore). Tientsin

Iloilo Ipob

Penang'

Tokyo Tsingtao Yokobama

HANKOW

XADRAS

MANILA

MEDAN

NEW YORK

PHIPING

(Peking)

TONGKAR

(Bhuket)

TEIN CAO TOKOHAMA,

FORRION EXCHANGE and General Banking Business "transacted.

CURRENT 100ounts, opened sad FIXED DEPOSIra received for Que Year or shorter periods in Local or Other Currencies at rates which will be quoted on spplication,

SAVINGS ACCOUNTS, also opened in Local Currency and Sterling with interest allowed at rates obtainable

CURRENT ACCOUNT opened in LOCAL CURRENCY and Fix Drost on application. received for one year or shorter periods in Local and other Our- rencies un terms which will be quoted on application..

ALLO up to date SATE DEPOSIT Box in various sizes To LET. Hong Kong. 28th February, 1940.

HONGKONG SAVINGS

BANK

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, 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 Service in the principal Markets of the world.: Interest Rates on Application.

|

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

B. A. CAMIDGE,

Manager.

BANK OF EAST ASIA, LIMITED

Authorized Capital......$10,000,000.00 Paid-Up Capital......... 5,898,000.00 Reserve and Undivided

2,983,281.50

Head Office:--HONG KONG No. 10 Des Voeux Road, Central..

Board of Directors: "

SIE SHOUSON Onow, Chairman Li Koon Chun, Esq. Li Lan Bang, Esq. P. K. Kwok Esq.

Wong Chu doa, Esq. Wong Tan Tong, I aq. Kan Ying Po, Bag. Chan Ching Shok, Esq. Fing Plig Wah Esq KAN TONG PO, Esq., Chief Manager LI Tax Foxo, Esa, Manager

Amey

Batavia

Branches and Agencies:--

Kowloom Penang Blagspore Bangoon Bosmbaya Loudoa

daizva Ewntow

Bombay Manila

Conta Haiphong

Helbrotze San Fran. Sydowy Xagunka

Amog

Branches: Johore

Bangkok Kobe

Batavis

Kowloon

Rangoon Saigon San

"

CLKS U

COLOMBO

DELHI

Bombay

Kuala

Calcutta

Lumpor

Shanghai

HAMBURG

Cantor

London

Chefoo

Lycas

Singapora Sourabaya

Colombo

Malacca Sungei

Dairen

Foochow

Manila Muar

Patani Swatow

Bankow Barbin

Mukden

New York

Peiping

Profits

SAFE DEPOSIT BOXES

United Airlines Trans

17

July

721/721

123

United. CorDII.

2

September

-731/73]

121

734/731

127

United Corpit. $3 cum pf.

35*

December

75/742

747/742

741/741 -751/75) 781/788

2 up

52:

United Gas Corpn.

11

Monday's sales:-12,706,000 bushels.

147

United Gas Improvement

121

Great Northern Iron Ore ..

14#

US, Industrual Alcohol.

18

CHICAGO CORN

U.S. Rubber ..

194

July

617/62

621/621

£

Great Northern Rly, pid.

23€

Great Western Sugar

211

US. Rubber $8 pfd,

761

September

68/581

583/581

581/581

991 6

Greyhound Corpn.

111

U.S. Steel

527

December

540/541

541/541 541/541

Vanadium

31

Hercules Powder Co.

80

WINNIPEG WHEAT

Homestake Mining

43

Vultee Aircraft

15

International Harvester

394

Walworth Co.

37

July

71ła

71ja

Int Nickel

234

Warner Bros, Pict.

21

October

7310

73ja

739€

1925-47

Inter. Paper & Power

13:

Westinghouse Elec.

941

December

7418

741a

Woodward Iron Cor.

257

~NEW YORK HIDES

Chin. 41% Angle-French

Int, Tel, & Tel

21*.

Chase National Bank

304

Loan, 1908

44

Johns-Manville

351

September

9.67b

9.67/67

9.60/60

Chinese 5% Crisp Loan.

J. & Laughlin Steel $7 pfd. 743

National City Bank

25+

December

.9.87b

9.81/80

9.82/82

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

34-3/4

1912

15

NY-London Cross Rate 3.84-3/4

3.84

Chinese 5% Reorg. Loan,

1913 (Lda. Is.)

•-bid.

1-ex, dir.

20

DOW JONES AVERAGE

Chinese 8% Bter. Noten.

1989/40

July 17, 1940

1925 (Vickers) ...............

8

High Low Dow Jones Averages July. 15, High Low Close

Change

Chin. Imperial Rly. 5%

155.92 111.84 20 Industriais

.121.72

123.73 121 81 123.12

1.40 up

Loan

58

35.90 22 15 20 Rails

28.10

Honan Rly, 5%

12

27.70 18 03 20 Utilities

22.52

- 26.42 26.12 26 33 2277 22.40 22.84

2222 33 05 40. Bonde

88.37

Hukuang Rly. 5%, 1911...

65.67 45.39 11 Commodity Index 60.80

68 58 51.19

.23 up ,12 up

21

up

(LAP. N/Y Issue)

14

Business Done --440,000 shares.

Huang Rly, 5%, 1911

(Germon Issue)

Lung Tsing & U. Hai.

Rly, 5% 1915

B'hai Elec, Constr. Co. 8'hal Waterworks "A"

Bhai-N'King Rly. 5%

15

Tientsin-Puków Rly. 5%

Linton Insurance Gula Kakumpong Rubber 14/44

15" 13 20

в

(Brit. Stpd.) Tientsin-Pukow Rly. 5%

(German Stpd.) Tientsin-Pukow Rly, 5%

(Brit. Stpd. Supl, Loan) 8 Tentsin-Pukow Rig. 5%

. (Gerstpd. SupL Loan) 8 Jap. 6% Ster. Loan, 1924 201 Ger, 1% Intl Loan, 1924, 51 Chartered Bank

United Steel „.........

Woolworths ....................... Marsman Investments Western Holdings Sub-Nigel

B-A, Tob, (bearer)

*** 65/6

Mercantile Bank .....

111

Dunlop Rubber.......... 25 Bristol Aeroplane

8/6"

Imperial Chemical Ind.

23/9

15/3

48/9

8/9

142/6

HK4 Shai Bank (Ldn.

Reg.

Shell Trans, & Trad.

Ready

(bearer) ADITIVIESTI

33/11

BK. & 8'hai Bank (Col

Reg}

Nat Défence Bonds, 3%

991

July 30 Settlement Aug. 28 Settlement

82-07

62-03.

62-03

67

London-Midlands-Beot-

Chinese Eng & Mining

tish. 3%.......

(bearer)

Chosen Corporation

15/0 6/6

Pekin Syndicate

Great Western Rall- Nat. Bank of India," 3%.

way, 3%

26)

LONDON GOLD

London, July 16 (Reuter).. Bar Gold, Fine per ok. 138-

SILVER MARKET

LONDON SILVER

London, July 15 (Reuter), Bilver: "Very small bear cover- ing for cash, Supplies short. Market steady. In the afternoon, the market was quietly steady,

Spot, 22-3/186...

Forward 21-3/44.

BOMBAY SILVER

Bombay, July 18 (Reuter). Market-Steady. Offtake 100 bars.

Indian Mint Sliver

unch

unch.

This Bank is entirely owned by

Tan CRANE NATIONAL BANI NEW YORK. with Raources of ove

U.8. $2,900,000,000,

D. M. BIGGAR,

Second Vice Pr

A job?

WANT ADS

INDO-CHINA

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

Current Accounts opened in Loçal Currency and Fixed Deposits re ceived for one year or shorter perioda in Local and Foreign Cur- rencies on terms which will be quoted on application.

SAFE EXPOSIT Boxes To LET.

KAN TONG PO,

Chief Manager.....

BANK OF CHINA

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

BANK

STEAM NAVIGATION: COMPANY LTD PAID-UP CAPITAL $40,000,000.00

Operating Services for Cargo and Passengera

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN - I

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN · HAIPHONG

All steamers berth alonguide the Roosevelt Terminal in the French Concession st Shanghai, where passengers and cargo are landed.

For

For further particulars

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONEDZOZILL GENERAL MANAGERS -

V(BRANDRES ALL OVER ÓHINA)

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 Fxchange.

Head Office:--SHAŃCHAI

Ilang Kong Brunch:

4, QUEEN'S ROAD, C. South China Officer:

CANTON

SWATOW" SHIUCHOW::..

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonds and other Publis. Funds of the Chinese Government both at Home and Abroad:

SHOU 7. CHEN,

Manager":

17 up

Haukow Honolulu

New York Ganitie

purity

Kotw

Priping

Bemarang Shangha

**

ᎢᏗ .

it up

+ up

+ up

07 01

.05 od