1940-08-01 — Page 10

Adams Express

Alleghany Steel Co.

Allis Chalmers

3:5

Aluminium Ltd. .....

*

Amer. Onn

09 3/4

American Cyanamid B. ...

NEW YORK, July 30, 1940.

Amer, & Foreign Power

ST

Amer & Foreign $7. pf"

82 1/2

Close Opening Closing Change Buyers Buyers

Amer. Locomotive

Amer, Metals Co.

Amer. Radiator

9 POT

36-7/8 37 cts.

37 cts.

up 1/8

OCT/DEC.

35-1/8

35-1/4

35-3/8

| JAN./MAR.

32-3/4

32-7/8

32-3/4

-up 1/4 unch,

Amer. Rolling Mill

Amer. S'ting and Ring Co.

Amer, Sugar Refining

LONDON

The market was steady.

RUBBER

Amer, Tel, & Tel. .....

Previous close Today's close

Amer, Tobacco "B""

buyers'

buyer!

Amer. Waterworks

SFOT

12-7/19

12-5/8

up 3/16

Anaconda Copper

"

AUGUST

12-7/18

12-5/8

up 3/16

Atchison, T. 8, Fe.

108

SEPTEMBER

12-5/18

12-1/2

"up 3/16

Aviation Corp.

45 3/4

OCT-DEC.

12-1/8

12,318

up 1/4

Baldwin Lecometive

JAN./MARCH

11-7/8

12

up 1/8

Baltimore & Ohla

APRIL-JUNE

11-5/8

11-3/4

up 1/8

Barber Asphalt Co.

Barnsdall On

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JULY 31, 1940.

On London:-

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1,31A

On Shanghai:--

On demand.........

On Singapore:-

Or." demand

On Japan:-

On demand

On India:-

On New York:-

On Batavia

On Paris:-

Telegraphic Transfer.

and demand

Bank Bills, on demand 29 7/8 Credits, 60 days' right si 1/4

On demand...............................

***** 42 3/4

Bank Bills, on demand 1985

Credits 4 months' sight 1180

On demand

On demand

On Bangkok:--

"On demand

On Saigon

On Manila:-

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY · MARKET REVIEW

יד

rl

(FROM ̧[] PAYNE & CO.)

SINGAPORE RUBBER

"

Previous July 30

Change

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE)

JULY 31 1940.

130

Lockheed Aircraft Loew's Inc.

THURSDAY, AUGUST 1, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital... $50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $20,000,000 facorporated by Royal Charter, 1853

Reserve Funds:

Paid-Up "Capital .... £6,500,000 Reserve Fund.....

............£3,000,000

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

Chairman.

Deputy Chairman.

Sir Vaadeleur M. Grayburn,

Chief Manager.

........£3,000,000

..£3,000,000 HEAD, OFFICE: LONDON;

Frieturs......

38, Bishopsgate E.03. Sub-Agencies In London:

117/199 Leadenhall Street, E:C.3. West End Branch: 14/18, Gockspur Street, 8.W 1. Manchester Branch;

68, Mosley Street, Manchester, 2. AGENCIES AND BRANCHES:

HAREIN

PENANG FONE YONG BAKG00%

ALOR STAR AMBITBAR

BANGIOK HATAVIA BOMBAY

DALOUTTA

SAIGON

IPCH

SEREMBAN

KARAOH!

SHANGHAI

KLANG

BINGAPOR

SITIAWAN

SOURABAYA

TAIPING

TIESTIN

AGENCIES: KOBB CLATE 9 KALA VIL PLACE

DANTUN

LUMTUR KUCHING MADRIS

Sterling

Last Sale 1

STOCKS

Last Sale

JULY 30

JULY 30

Heserve Liability of

54

262

Proprietors.**.**

...$90,000,000

22+

25.

327

Loft Incorperated

231

Head Office:-HONG KONG

Mack Truck.. Ent. "

201

95

Martin, Glen L.

31

Board of Directora:

344

H. V. Wilkinson, Esq.,

McKesson & Robbins, pía. 213

14

Montgomery Ward

47

Hen. Mr. J. J. Paterson,

141

M'tain City Copper Co.

21

132

National Aviation

104

151

Nat, Dairy Products

0142

J. K. Bousfeld, Esq. A. H. Compton, Esq.,

51

National Distillers

201

Hon. Mr. S. H. Dodwell,

114

National Lead

187

G. Miskiu, Esq.,

382

Nat Fower & Light

72

E. S. Morrison, Esq.,

13

National Supply Corp.......

в

T. E. Pearce, Esq.,

181+

New York Gential ..

121

C. C. Roberts, Esq.,

764

Niagara Hudson Power

+3

Hon Mr. A L Shield,

97

N. American Aviation

187

201

North American Co.

201

201

Northern Pacie

Branches:

CAWNFORD

Owens-Illinois Glass Co.

55

15A

Pacific Gas & Elec

301

Amoj

34

Packard Motors

3

Bangkok

Kobe

10+

Batavia

Kowinga

Pan-American Airways

149

Johore Rangoon Baigon. Sab

8

Bombay

Kuala

Francisco

On Sterling Notes:

Bank Buying Rate

"

for

י་

"

9.13 N

8.83 N

***... 8.64/61

Spot

September

December

January

March

21:25/26

.... 10.51/51 -18.78/78

May

Total sales:-940 tons.

Bar Silver per oz."

... 1/5,178.

22 9/10

The market was quiet but steady.

NEW YORK COTTON;" The market is steady on trade, an Far Enstern buying. There is some talk of the possibility that Japan *mat increase her purchases of cotton and other raw materials as protection against any possible American embargo, Textiles are ac- tive and steady.

MARKET REPORT

FROM BOZA. BRÖS. Silver prices were unchanged yesterday, the quotations remain- ing at 22.9/6 for Ready and 22. 1/8 for Forward. American Silver was quoted at 34.3/4 for Spot,

The London/New York' cross- rate was quoted at 402.1/2 New Fork/London was quoted at 382.

..1/2

Quiet

MARKET

..STERLING

There were sellers at 1/231/12 Cash/August, buyers at 1/3 for Cash

U.S. DOLLARS --- Quiet. Small sellers at 23.3/16

23.1/4 for Cash; buyers at... Cash.

No business was reported.. SHANGHAI DOLLARS

Opened with sellers at 386.1/2

with business done at 337. Later transactions were niso reported at 386 and 386.1/2. At the close there

were sellers at

buyers' at 387.

NEW YORK RUBBER: Futures were in better demand, stimulat- ed by the prospective heavy Government purchases through its pre- pared campaign.

CHICAGO WHEAT: The market was firm on reports of the Ar- Bentine prohibition of exports, while unfavourable foreign crop ad- vices and the Increasing premiums in Kansas City were additional stimulating influences.

YORK STOCKS: Previous close, 123,15: Today's close,

NEW 125.97: Change, up 2:82.

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

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

Close

Oct. (New contract)... 9.36/36

December 1 } January ( }

March 388.1/2 May

AFTERNOON MARKET Sterling opened with sellers at at 3.27/32 and closed with sellers

at 3,55/04, U.S. Dollars at 5.157 16

Shanghai Exchange.

Shanghai, July 30 (Reuter).

Official T.T. Rates

July

9.23/23

Total sales Monday::-22,400 bales. NEW YORK RUBBER July

18.71 N., 18.55b/57a

.deleted

10.55b/70& 19.51/51

18.76/30 unquoted

Bendix Aviation

Paramount Pictures

J

Calcutta

Lumpur Shanghai

301

Pennsylvania R.R.

207

Canton

London

Bethlehem Steel

801

Philadelphia Read, Coal

0

Chefoo

Lyons Sourabaya

Singapore

Buss Co.

13

Phillips Petroleum

331

Colombo

Malacca

Sungei

Boeing Airplane Co.

141

Public Service of N.J.

361

Dairen

Manila

Borg-Warmer

161

Foochow

Pure Ou

7

Muar

Swatow

Briggs Mig.

191

Radio Corpn. of Am.

47

Haiphong

(Johore) Tientsin

Bankow

Mukden

Budd M'facturing Corp.

31*

Tokyo

Reading Company,

Comi

13

Harbin

New York

Canadian Pacific R'way...

Tsingtao,

31

Remington Arms Co., Inc.

#*

Iloilo

Peiping

Case, JI...

50$

Republic Aviation Corp....

41

Ipoh

Penang

Celanese

301

Republic Steel

181

Chesapeake & Ohio

39

Reynold Tobac. "B"

*34*

Chrysler Corpn.

744

Safeway Stores

441

Columbia Gas & Bec.

6

Schenley Distillers

10

Commercial Credit Co. Com, & Southern (@rd.)

30..

Pullman Inc....

201

11

Revere Corp.

Consolidated Edison

281

Sears, Roebuck"

77

Consolidated Otl

6

Shell Union 01

81

Continental--Cam

391

Socony-Vacunum Oll

81

Continental. Öll

Copperweld Steel

19

Southern Pacific

81

181

Southern Rly $5 pfd. ...

101

Prev. 'Today's High Low Close

9.42 9.38 9.36 10.85 19,50 19.51 19.51. 781 75 742 76+ 62 61

614 621 9.05" 8.83

Curtiss Wright (C.)

71

Spicer Manufacturing Co. 281

Close Change

Curtiss Wright "A"

25

Standard Brands ......

મ

9.40 .04 up

Distillers Corpn. Seagram's

161

Stand Gas & Elec.

1

unch.

Douglas Aircraft

723

Standard Oll of California.

181

11 up

Du Pont de Nemours

163

Standard Oll of NJ.

332

14 up

Eagle Picher Lead

B

Stone & Webster...

8

8,81 9.03

,22 up

Eaton Mfg: Co.

317

Stüdebaker Com.

7.

Opening

Closing

"Deere & Co ..

151

Change

Swift International :

171

9.38/38

Elec. Autolite .....

341

9:40/41

.04. up

Technicolor

10

9.24/24

9.28/28

.05 up

Mec. Bond & Share

BL

Texas Corpn.

391

9.02/02

10.16 N

9.12b/15a 9.17n 9.02b/033 9.06n 8.84/84 8.871 8.63b/05a 8.89/69

10.20n

Elec. Bond & Share $5 pt.

€2

1

.04 up

Texes Gulf Sulphur

321

1 .04 up

Elec Bond & Share $8 pt.

69

Timken-Axle

244

Hong Kong, 28th Feb., 1929,

.04 up

Elec." Power & Light $7 pf.

34)

Trans-America Co.

44

.05 up

Fitntkote

14

20th Cent. Fox.

.04 up

Gen. American Trans.

45

Union Bag & Paper Corp., 114

Gen. Electric

34"

Union Carbide & Carbon

701

Gen. Motors

43

Union Pacific

821

Gen: Railway Signal

deleted

United Aircraf}

361

Gen, Tire & Rubber

111*

unch,

United Airlines Trans

17

Glidden Co.

127

18.45 N

78.97/97 18.88 18.50b/65a 18.730 18.58n

.19 up

United Corph,

2

Goodrich (BF)

11

.17 up

United' Corpn. $3 cum př. 331

Goodrich $5 pt.

511

18 up

United Gas Corpo.

1

Goodyear Tire & Co.

147

.13 up

United Gas Improvement

12

Great Northern Iron Ore

142

US. Industrual Alcohol. ...

171*

Opening

Great Northern Rly, píd..

241

London

New York

Japan

Paris

0/3-3/4

CHICAGO WHEAT

U.S. Rubber

201

Interest Rates on Application.

Great Western Bugår

201

Patoni

HAIPHONG

MEDAN

NEW YORK PRIPING

(Peking)

TONGKAH

(Bhuket)

TE INGTAO YOKOHAMA

FOREIGN EXCHANGE, and Generai Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received "foz One- Year or shorter periods in Local or Other, Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in LocalCurrency and Sterling with. CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and Fixa Deo on application.

Yokohama

received for one year or shorter The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.

British Income Tax overpaid, on

Box in various sizes To LET

ALSO up to date SAFE DEPOSIT terms which may be ascertained as

any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

Hong Kong, 28th February, 1940,

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COK-|- PORATION. Bulea may be obtain- ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION,

7. M. GRAYBURN,

Chief Manager.

THE CHASE BÄNK

10, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK

An American Bank offering com plete Foreign Banking Berrio in the principal Markets of the world.

BANK OF EAST ASIA, LIMITED

5,888,600.00

Authorized Capital.....$10,000,000:00 Paid-Up Capital .......... Beserve and Undivided

Profits

.......2,083,201.50

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

· Board of Directors: SIR SHOTSON CHOW, Chairman' Li Koon Chan, Esq. Li Lan Sang, Esq... P. K. Krok. Eng. Wong Chu Son; aq. Wong Yun Tong, Esq. Kan Ying Fo, Bag. Chan Ching Shak, Esq. Fang Ping Wah Esq EAN TONG PO, Esq., Chief Manager LI Tax Fond, Esc., Manager

Branches and Agencies:--

Kotkom

London

Роля

Hason

Hadron

Singapore Bourabays

CEBU

COLOMBO DELHI

MANILA

HAMBURG HANKOW

US. Rubber $8 pfd."

79

5-3/4

September a

24-1/4

December

742/747 757/752"

75/751

751/76

761/761 767/77

12 up

Greyhound Corpn.

121

08. Steel

551

SAFE DEPOSIT BOXES

קטן 14

Hercules Powder Co.

·80 ·

20-3/4N

Monday's sales:-8,560,000 bushels.

International Harvester.

Hongkong

24-1/8

CHICAGO CORN

Int Nickel

Sterling

September

614/614 .613/812

621/621

11 up

Inter. Paper & Power.....

Sellers

December

572/571 577/581

59)/501

11 up

Int. Tel, . TeL

Opening Closing

Kennecott Copper...

WINNIPEG WHEAT

Spot :..

Lakey Foundry & Mac.

July

7110

71ja

unch.

Libbey-Owens-Ford

October

738a

7313

731a

December

743a

743日

Aug.

35-15/16 $5-15/18

5-7/8

5-29/32

NEW YORK HIDES

September ........... 8.81n

December

9.00/02

8.98/9.00 9.12/15

0.09/03 .22 up 0.20/20

.20 BP

NY/London Cross Rate.. 3.85-1/2

.34-3/4

3.82-1/2"

Aug.

Spot ......

0/3-27/32 0/3-55/04

0/3-53/64 013-27/32

U.S. Dollars

Market: Quiet.

The

Silver Duty Rate Central Bank of China's

Tale on London at 10 am. today was 1/2-1/2d.

The Equalisation rate was 18 per cent.

Calcutta Exchange

Calcutta July 30 (Reuter?.

T.T. on Japan, 84-5/8"-

Total sales for the day:-192 contracts." New York Official 34-3/4

Chinese 8% Ster. Notes.

1025 (Vickers)

Chin. Imperial Rly, 5%

Loan

Yonan Rly, 5%

Sukuang Rly. 5%, 1911...

(LP. N/T Issue)

LONDON STOCK Hukuang Bly, 5%. 1913

EXCHANGE

(REUTER'S SERVICE)

London, July 20, The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and do responsibility is assumed for errors La transmission:

(German Issue) Lung Teing & U. Hai...

Rly, 5% 1913

11

'hal-N'King Rly. 5% 12 Tientsin-Pukow Rly. 5%.

(Brit. Stpd.)

.8 Tientsin-Pukow Rly. 6%

(German Btpd.).... Tientsin-Pukow Rły, 5%

(Brit. Stpd, Supl Loan) 3. Tientsin-Pukow Rly 6%.. (Ger. Etpd. Supt. Loan), 8 Jap. 6% Ster. Loan, 1924. 27 Ger. 7% Intl. Loan, 1924 · 54 Chartered Bank........... 6-13/16 HK. & Bhat Hank (Lần

Reg.)

LONDON METALS

EXCHANGE

London, July 30 (Reuter).

Tin, Standard, Cash, Middle Price, £268-5/8

#

Tin, Standard, 3 months. Middle Price, £208-1/8.

Bristol Aeroplane

1930/40

DOW JONES · AVERAGE

July 21, 1940,

High Low Dow Jones Averages July 29, High Low Close Change

158,99 111.84 30 Industrials

35,90 22.15 20 Rails

37.70. 19.03 20. Utilities

32 22 | 83.06 | 40° Bonds

86.67 46.69 11 Commodity

193.15

. 12618 123s8 18.972.82 ino 28.58:

*97.10 26.64 *27 09:・,81 up 32.37. - 22.80 22.48. 2276) .38 up- 88.19

68.41 29 up 60.77

51.26 40 up Business Done: 870,000 shares

This Bank a entirely owand by

THE CHASE NATIONAL ВАНЕ NEW YORK, with Resources of oyst U.S.$3,900,000,000.

D. M. BIGGAR,

Second Vios Free

A job?

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY IN

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Boosevelt Terminal in the French Concession at

Umon Insurance

20

TO

Mercantile Bank .......................... Dunlop Rubber

Gula Kalumppng Rubber 15 B.-A. Tob. (Bearer) 72/6

111 26/101 0

Imperial Chemical Ind, 24/7)

United Steel

17/-

War Loan, 31% (Red

after 1952) Denton-Eloon Rly, 5% Chinese 44% Gold Loan 1898 (Brit. Issue) ... Chinese 5% Gold Bonds.

Woolworths

· 14/7).

991

Marsman Investments

8/11

Western Holdings,

ne

1/9

Sub-Nigel

150/-

30

35

| HK, & S'hai Bank (Col.

·Reg)

· 68+.

701

Shell Trans & Trad.

bearer).

31/3

Nat Defence Bonds, 3% 100

For further particulara

Chin.'41% Anglo-French

Loan, 1908

Chinese Eng. & Mining

London-Midlands-Scot-

please apply to

(bearer)!!!

tish.

12-1/4

Chinese 5% Crisy Loan,

1912

Chosen Corporation....

13

Pekin Syndicate

Great Western Rail- Nat Bank of India, 3%

28-1/2

Chinese 5 Reorg, Loan,

S'hal Elec. Constr. Co.:

1913 (Ldn. I

18%

Bhal Waterworks A

13

t-ex-dividend

Shanghai, where passengers and cargo are landed.

JARDINE

ESON-C

TELEEKONTUTHIENENERALMANAGERS

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

Current Accounts opened in Local Currency and Fixed Deposits re ceived for one year or shorter periods 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 AS AN INTERNATIONAL EXCHANGE

A BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres DI the World, we are able to extend to our Clients: special facilities for Domastia and Foreign Banking ind Exchange.

Head Office:SHANGHAI Hong Kong Branch

4, QUEEN'S BOAD, C. -South China Ofices: CANTON

SWATOW

KONGMOON TOISHAN SHIUCHOW KINGCHOW

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

SHOU J, CHEN

Vanadium

32

Amay Babaria

Bombay

Manila

Caloutta

Haiphong

Bankow

Honolain Robe

Hey York. Banitia Parle Falping

Semarang

Shanghai

Melbourne San Fran. Sydney ·

couver

-407

Vultec Aircraft

81*

24

131

Walworth Co

Warner Bros. Pict

27.

Westinghouse Elec.

281

Woodward Iron Cor.

3

Glass

39

Chase National Bank National City Bank

bid.

i-x div.