1940-07-24 — Page 10

STOCKS

Last Sale

STOCKS

July 23

Last Sale

July 22

Adams ExprO KA

51"

Kennecott Copper

251

Alleghany Steel Co.

201

Lakey Foundry & Mac......

3.

Allied Stores

Ci

Libbey-Owens-Ford

Glass

371

Allis Chalmers

201

Lockheed Aircraft

247

Aluminium, Ltd,

60*

Loew's Inc.'

24

Amer. Can

94"

Loft Incorperated

211

American Cyanamid B.

324

Mack Truck Inc.

201

Amer. & Foreign Power

14

Martin, Glen L

281

War Loan, 31% (Red

after 1952) Canton-Kloon Rly. 5% B

982

Amer

& Foreign $7 pf.

141

McKesson & Robbins, pía.

211.

Chinese 41% Gold Loan

NEW YORK, July 22, 1940...

American Gas & Elec.

321.

Monsanto Chemical

89

1898 (Brit. Issues

35

Amer. Locomotive

124

Montgomery Ward

40

Chinese 5% Gold Bonda,

SINGAPORE RUBBER

Amer, Kitals Co.

14

National Aviation

91

1925-47 ....

43

Amer, Radiator ....

51

Nat. Dairy Products

141

Chin. 41% Anglo-French

Amer. Rolling` M

11

Loan, 1908

44.

| Nat.: Distillers

201

Amer. Sting and Ring Co.

30

National GypMILIE

61

Chinese 5% Crisp Loan,

OCT./DEC.

Amer, Sugar Redning

151"

National Lead

16

1913....

15

JAN. MAR.

Amer. Tel. & Tel.

1591

Nat, Fower & Light

71

Chinese '5% Reorg Loan,

Amer. Tobacco "B".

761"

National Steel Corp.

58*

1913 Lan. Is.)

20

The market was steady, LONDON RUBBER

Amer. Waterworks

BI

Chinese 8% Ster. Noter.

National Supply Corp.

6

PAGE 10 HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)--

July 23, 1940.

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, July 22. 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 REVIEW

SPOT

(FROM PAYNE & CO.)

WEDNESDAY, JULY 24, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION,,

Authorised Capital................. 880,000,000 Issued & Fully Paid-Up $20,000,000

Reserve Funds: Sterling.................................. £ 6,800,000 H.K. Currency Reserve $10,000,000 Beserve Liability of

Proprietors

.$20,000,000

Herd Office:-HONG KONG

Chairman.

Board of Directors; E. V. Wilkinson, Esq.,

Hon. Mr. J. J, Paterson,

Deputy Chairman." J. K. Bousfield, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell, G. Miskin, Esq.

K. S. Morrison, Esq.; T. E. Pearce, Esq...

"C. O. Roberts, Esq.,

Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,

INDIA, AUSTRALIA AND CHINA Incorporated by Royal Charter, 185M

Paid-Up Capital Reserve Fund Reserve Liability of Pro-

prietom...

£3,000,000 ...£3,000,000

£3,000,000

HEAD OFFICE: LONDON:

38, Bishopsgate E.C.3. Sub-Agencies In Lendon? 117/192, Leadenhall Street,·E.Ca West End Branch: 14/16, Cookspur Street, S.WL Manchester Branch: '62, Mosley› Street, Manchester, 2.

AGENCIES. AND BRANCHES:

HARBIN

PENANG HONG KONG RANGGON JLOKEN

BAIGON

ALOK STAN AMRITSAR BANGKOK BATAVIA BOMBAY CALCUTTA

Chief Manager. Curs STXET

Previous July 22

Close Opening Closing Buyers Buyers

36-5/8 36-1/2 36-3/4 up 1/8 34-3/8 34-1/4 34-1/2 31-7/8 31-3/4 32 cts.

Change

*

под KABACH1 KLANG

SHANGHAI

Previous close Today's close

AGENCIES: KO

SINGAPORA

SITIAWAN

buyers

buyers

Anaconda Capper

19*

New York Central

114

1925 (Vickers) ....

Atchison, T. & S. Fe.

151

Niagara Hadson Power

41

Chin. Imperial Rly. 5%

SPOT

12-1/8

12-3/16

Change up 1/18

Amation Corp.

43

N. American Aviation ...

151.

Loan ...

Bacock & Wilcox

Baldwin Lecometive

233

Honan Rly, 5%

995

66

AUGUST

12-1/16

12-1/4

up 3/16

12

SEPTEMBER

senedes...........-11-15/16-

Amoy

12-1/16

up 1/8

North American Co.

10

.

144

Northern Pacific..

6

Hukuang Rly. 5%, 1911...

OCT,-DEC.

Baltimore & Ohio

37

Owens-Minois Glass Co.

51"

(LP. N/Y Issue)·

14

JAN.-MARCH

11-5/8 11-5/16

y

11-3/4 11-1/2

up 1/8"

Bangkok Kobe

Branches: Johore Rangoon

Saigon

FAYREIN PAKTN ПАНТОН

ZTALA

SODRARAYA

LUMPUR

DAWNPOEM

KUCHING

•

MET

MADRAS

COLOMBO

KANILA

TAIPING

TIENTEIN

TONGEAR

(Bhuket)

Batavia

Kowloon

Sani

DELHI

MEMAN

TSINGTAP

up 3/16

Bombay

Kuala

Barber "Asphalt Co.

10

Pacific Gas & Elec

29

Bukuang Rly. 5%. 1911.

Barnsdall Ol

8

Pacific Lighting

42

German Issue)

11

"Bell Aircraft Corp.

15

Packard Motors

31

Lung Tsing & U. Hal

Bendix Aviation

271

Pan-American Airways

131

Rly. 6% 1913

8

Bethlehem Steel

753

6haf-N'King Rly. 5%

15

Paramount Pictures

41

Bugs & Co......

133

Tientsin-Pukow Rly. 5%

Pennsylvania RIR.

191

(Brit. Stpd.).

Boeing Airplane. Co.

137

Phelps-Dodge

261

Borg-Warner

153

Philadelphia Road, Coal ..

Bridgeport Brass Corp.

83

Phillips Petroleum

32

8

;

Briggs Mig.

171

Pittsburg Coke & Iron

Brooklyn-M'hattan

Trans.

23

Public Service of N.J

361*

Brooklyne-Man, Pid. ......

109

Pullman Inc.

19

Budd M'facturing Corp.

31

Pure Of

78.

Canadian Paclic, R'way “...

21

Radio Corpn, of Am.

5

Case, JI,

47*

Reading Company,

Com

131

61

Celanese

281

Remington Arms Co., Inc.

41°

K. & Shai Bank (Ldn.

Chesapeake & Ohio

372

Republic Aviation Corp.

41

Chrysler Corpn.

631

Reg.)

Republic Steel.

161

Climax-Molybdenum Co.

274*

HK. & Sha! Bank (Col.

Revere Cop. & Brass. Ino...

8

Reg]

68',

Colts Patent Fire-Arms

731.

Reynold Tobac. "B"

37

Chinese Eng. & Mining

Columbla Gas & Elec.

51

Richfield O

8

(bearer)

15/8

Columbia 6% "A" pf."

32.

Safeway Stores

43+

Chosen Corporation

Commercial Credit Co.....

281

Schenley Distillers

Pekin Syndleate

2

Com, & Southern (Ord.)

It

Sears Roebuck-

721

S'hal Elec. Constr. Co.

∙15

Consolidated Edison

28

Shell Unlon Ol

81*

S'hal Waterworka “A”

13

Consolidated Ou

"B1

Socony-Vacunum 0

Union Insurance

(20

39

Continental Cen

Continental Oil

Southern Pacific

81

Gula Kalumpong Rubber

13/9

...181

Southern Rly 35.pid......

181

B.-A, Tob, (bearer)

62/6

Copperwald Steel

18

Sperry

3517

Mercantile Bank

111

Corn Products.

501

Spicer Manufacturing Co. 25

Dunlop Rubber

24/8

Ourtiss Wright (C)

7

Standard Brands

6

Bristol Aeroplane

8/1

Curtiss Wright "A"

241

New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Com, Sept. New York Hides. Sept. NEW YORK COTTON

Oct. (New. contract) December » }

Stand Gas & Elec..

11

Imperial Chemical Ind.

22/9.

January

Deere & Co. ...

15!

Standard Oll of California

181

United Steel

15/44

March

C }

Distillers Corpri. Seagrams

16

Standard O of N.J.

341

Woolworthw

43/44

Douglas Aircraft

671

May

Stone & Webster

Marsman Investments

8/6

Du Pont de Nemours.

157

Studebaker Com,

63

Western Holdings

Spot ori

7/8

Eagle Picher Lead

8.

Swift International

-17+

-Sub-Ngel

150

Eaton Mfg. Co.

1294

Technicolor

Shell Trans. Trad

NEW YORK RUBBER

Elec. Autalite

314*

Texas Corpn.

381

(bearer)

31/10t

July

Mec. Bond & Share

52

Texes Gulf Sulphur

302

Nat Defence Bonds, 3%

094"

Elec. Bond & Share $5-pt.

.82*

September

Timken-Axle

23

London-Midlands-Scot-

December

Elec Bond & Share $8 pt.

89

Trans-America Co.

43

tish. 3%

12+

January

Féc. Power & Light 57 pt.

334

20th Cent. For

01

Great Western

Rall-

March

Fisk Rubber

: 10%*

20th Cent. Fox, $14 pt.

141

Nat. Back of India, 3%

29

May

Filatkote

-121

Union. Bag & Paper Corp.

101.

way, 3%

231

Gen. American Trans

43

Total sales:-100 tons.

Union Carbide & Carbon

68..

Gen. Electric

32

Union Pacific

81

Chen, “MotoID ............

434

United Aircraft

331

Gen.Railway: Gignal Ban

11*

Uulted Airlines Trans .....

181

Gen. Tire & Rubber

117

United Corpn

17

Glidden Co.

12*

United Corpn. $3 eum pf... 33

"Goodrich (BF)

12

United Gas Corpn.

1.

Goodrich $5.01.

524*

United Gas Improvement

121

Goodyear Tire & Co.

143

U.8., Industrual Alcohol....

173*

Great Northern Iron Ore

14

U.S. Rubber.....

181

Great Northern Ely, pfd.

223

US. Rubber: #8 -ptd.

754*

Great Western, Sugar

201

8. Steel

507

Greyhound Corpn.

114

Vanadium

201

Hercules Powder Co,

77*

Vultee Aircraft

61*

Eamestake sădining

43

Walworth Co.

International Harvester

301

Warner Bros. Pict.

"21

Int Nickel

1223

Westinghouse Elec.

Inter. Paper & Power

123

Woodward Iron Cor.

25

SILVER MARKET

LONDON SILVER

London, July 22 (Reuter). Silver: Little speculative re- selling for cash was met with a. poor demand. Business amail. Market quiet. In the afternoon, the market was quietly steady.

Spot, 22-3/184.

Forward, 22-1/16d.

BOMBAY SILVER

Bombay, July 22 (Reuter).

Market Quietly steady. Offtake

100 bare. 931

Indian Mint Silver

July...

CHICAGO WHEAT

July

September...... December

Saturday's sales:-unreceived. CHICAGO CORN

September

December

WINNIPEG WHEAT

July "..

October

December

NEW YORK HIDES

Int, Tel. & TEL

523*

Johns-Manville

501

-bld.

J, & Laughlin Steel #7 pfd 178*

DOW JONES AVERAGE

Low Dow Jones Averages July, 20, High Low Close

Chase National Bank National City Bank

Ready

62-03

September ...............8.95/95., December

July 30 Settlement

82-01

New York Official .......unquoted

Aug. 28 Settlement

62-01

NY-London Cross Rate 3.00

Ex dir.

1938/40

Efigh

156 91 111.84 30 Industrials

13590 215 220 Raila

27.70 14 03 20 Utilities

92 22 8308 40 Bonda

July 23, 1940,

705-GE

•191.87 26.26 2199.30

122.47 191.82 12.08

Change .19.p

~18:27 ~20.16 -20-21

22 31 #2.23 122.25

.05 off

89.28

66 87 45.58 Commodity, Ludex

88.29 .08 off 50,83

· Business Done :~230,000 shares

LENDING CAPACITY LONDON STOCK

INCREASED

MARKET

~WASHINGTON,-July-23 (Reuter, LANDON July 23 (Reuter)-In -President Roosevelt. has recom-the Stock Exchange Gold minings attracted the mended to Congress an increase of and Home rails $500,000,000 in the lending capacity | majority of attention, the former

Tientsin-Pukow Rly. 5%"

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

(Erit. Stpd. Supl. Loan) 8 Tientsin-Pukpw Ely. 5%

(Ger. Stpd. 'Bupi. Loan) 8 Jap. 6% Ster. Loan, 1924 30 Ger. 7% Intl. Loan, 1924 51 Chartered Bank,.

After ruling quiet, the market improved on little trade buying and covering.

NEW YORK COTTON: Present crop ideas are around 12.000,- 000 bales and domestic consumption for next season is estimated as high as 9,000,000 bales. This is based on prospective heavy Gov ernment purchases of various goods through its preparedness 'cam-... paign and probably on an increased movement of" American cotton .goods to Bouth and Central America.

are nervous and the local CHICAGO WHEAT: Conditions market requires new incentive and an Increased volume of buying. There have been further beneficial rains in the North-West.

"NEW YORK STOCKS: Previous close, 121.87 Today's close. 122.08: Change, up 19

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

Prev. "Today's". High Low Close Close Change 9.35 9.28 9.30 9:28. .02 off

19.45

19.40 19.47

unch 741 73

.731 1.off 81+ 601 8.05 8.58

unch. 19.40/40 unch. 18.72b/95a 18.80b/70a .10 off unquoted

18.55n

.09 off 18.455/85a 18.45b/55a unch. 18.45n

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Bervices for Cargo and Passengers

TO-

BWATOW, SHANGHAI, TINGTAU, CHEFOO

and TIENTSIN

KOBE and -OSAKA

SINGAPORE, PENANG and CALCUTTA BANDAKAN.

All steamers borth alongside the Roosevelt Terminal in the French Consosion at Shanghai, where passengers and cargo are landed.

of the Export, and Import Bank to owing to the imminence of divi-, HAIPHONG enable the bank to assist in the dend declarations, the latter on disposition of surplus commodities buylug 25 a-gontra Budget hedge. of-Latin-American antions.

Out-edged Was fractionally President Roosevelt also proposed easier and industrials were irregu- that restrictions on the bank's lar though a stronger tendency lending powers should be removed: was visible, shortly prior, to the

The Preddenia move is expected close.

materially to assist the delibera- Wall Street was steady. tions chase Fan-American Confer-

ence it wa

It is regarded as further step products of certain à American;

For further particulara

please apply to

JARDINE

in the alan to form a Pan-Ameri-States and to keep, the totalita TELEPHONE ZOOZIL.

Can Cartel to dispose of surplus Powers out of South America:

THESON:

Dairen

Bankow

(Johore) Tientsin Mukden Tokyo New York Tsingtao Peiping Yokohama Penang

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DENSIT received for one year or shorter periods in Local and other Cur- rensies on terms which will be quoted on application.

ALSO up to date SAFE DEPOSIT Boxes in various sizes To Ler Hong Kong. 28th February, 1840.

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 & SHANGHAL BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong 26th Feb., 1939.

THE CHASE BANK

31 HEAD OFFICE:

18, Pika SrazNT,

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

SAFE 'DEPOSIT BOXES

PUISING

BANKOW (Peking)

FORE.ON EXCHANGE and General Banking Business transacted,

CUBRINT Acooters opened and FIXED DEPOSITs received for One Year or aborter periods in Löcal or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened is Local Currency and Sterling-with interest allowed at rates obtainable on application.

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

R. 'A. CAMIDGE,

Manager.

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$10,000,000.00′′ Paid-Up Capital 5,898,000:00 Reserve andTM Undivided ...Prosta

..2,283,281.80

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

Board of Directors: SIE SHOPSON Cnow, Chairman El Koom Chun, Esq. Zi Lan Sangg P. Ku Kwok, eg,

Wong Cha Son, Eaq. Wong Im Tong, Baş, Kan Ying Po, kany Chan Ching Shok, Eny, Fung Ping Wah Esq

KA TONO PO, Esq., Chief Manager Li Tan Fona, Esq., Manager

Branches and Agencies:--|

Kowloos Pesent

Bugspere

Maresme an Eran- „Apslawy

This Bank in Centirely owned by Kabe

TH CHASE NATIONAL BANK. NEW YORK, "with" Beoufom of orm | Bvery description et Banking and 1.8.$2,000,000,000.

M. BIGGAB

Bewond Flos Frt

THE MERCANTILE BANK OF INDIA,” LIMETED"

Head Officer-15, Gracechurch Street, London, EC3

Althorised Capital

Eubscribed. Ospitale

Paid-up Capital 2 ReMrve Fund sad Rast,"

BANKERS:

The Bank of England and Midland

Bank Ltd. halimars BRANCHES:

Bangkok Ipoh

Boulay

ILIDA

Calenta

Colombo

Kandy

Delhi

Kamobl

Region

*Kola. Bhara Kenia Ligh Howrah Kuala Lumpur

Kunis Trengganu Madras

PALEE

Вадубов

„Shanghal- Singapore

Exchange business transacted. LoanS " granted on approyed; securities.

Current Accounts opened in Local Currency and Fixed Deposits r ceived for "one" "year or "forter periods in Local and Foreign Cür- rencies on tegns which will be quoted on "application.

SAFE, LEPOSIT, BOXES TO LET.

KAN TONG PO,

Chief Manager.

‚BANK OF CHINA

T

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

ADBANK? Art PAID-UP CAPITAL 840,000,000.00 (BRANCHES ALL OVER"ÚRIKA) Owing to our numerous Branebos. * UNDERTAKEN ME in: Übina and connections in the

HONG KONG BRANCH: Erory description of peaking and Exchange

bugin tractade

TRUSTER AND EXECUTORSHIP.

CUREEST ACCOUNTS Loaded in Lotal Cur

dry and TX DEPORTS received in Local principal Commercial Centres of Darsney & ECKELING castornid Eazi way be the World, we are able to extend sacertalas on syy Heation.

so our Clients special facilities for Domestic and Foreign Banking and Exchange

D. BENSON.

ina,

What do

you want?

--If there "is" anything. you want to buy for ** sell,try smal

"Classified

advertise- ment in the Hong- kong Delly-Protam

words $1.50 prepaid

for 3 insertions.

Head Office:-SHANGHAT

Hong Kong Branch.

QUEEN'É ROAD, South China Office: CANTONA SWATÓW

SHIUCHOW

“KONGMOON

TOISHAN

KINGOROW

We also handle the jus and other "Public Chinese Governmen and Abroad:00

SHOU

the

Calcutta

Lumpur

Francisco Shanghai

HAIPHONG

NEW YORK

YOKOHAMA

HAMBURG

Canton

London Singapore

וי

Chefoo

Lyons

Scurabaya

Colombo

Malaces

Sungel

Manila

Patani

Foochow

Kuar

Swatow

Haiphong

Harbin

Iloilo Ipoh

مت

m

19.40

14

591 ป

601

up

8.95 8.53b 42 off

Close

Opening

Closing

Change

9.30/30 9.16/17

9.23/28

0.28/28

.9.15/18

9.18/18

02 08 unch.

).... 9.06 N

9.04b/06a

9.060

8.94/95

9.92b/93a

8.94/94

y:

8.77 N

8.75b75a

8.77/77

10.28 Ń

unrecd.

Total sales Saturday:-17,800 bales.

15, QUEEN'S ROAD, CENTRAL

22.25/25

22.25/25

19.40/43

19.47/47

18.70/70

18.64 N

-18,45 N 18.45 N

unch.

731/731

-721/721

of

/741/74

74/731

W Amdy

Bateria ( Borney

London

Manita

Halphong

New Terk HARLOW

Honolala

Kaigon

Bourabaya Bestow

0800 taln

731/731

off

751/75+

*75+/751

748/742

1 off

621/624 60/507

63/631

.1 up

804/804

557/551 561/57

607/807 687/661

up

üp

7118

unch.

7318

7312

3418

734

731a 711a

̈;8.75b/9.00a-8.53b/55a

9.15/16

9.03/05 8.71/75

42 of .44 off

34-3/4 unreceived