HAMBURG.
HANTOW (Peking)
FORE ON EXCHANGA and "General Banking Businem transacted.
CURRENT ACCour opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application....
330
COMMODITY MARKET
REVIEW
Adams Express
Alleghany Steel Co.
On demand
52 3/4
(FROM PAYNE & CO.)
Allis Chalmers
14
Aluminium Ltd
On Japan:-
| NEW YORK, August 3, 1940.
Amer, Can
On demand
26
American Cyanamid B.
On India:-
· SINGAPORE RUBBER
Telegraphic Transfer.
. 32 19
Close Opening Closing Buyers Buyers
Change
Amer. & Foreign Power
Amer & Foreign pf.
37-1/4 35-1/2 35-1/2 35-5/8
37-1/4.. 37-1/4
unch.
Amer. Locomotive .....
up 1/8
Amer. Metals Co.
JAN./MAR.
33-1/8 33-1/8
33-1/4
up 1/8
Amer, Radiator
42 3/8
The market was quiet. LONDON RUBBER
Amer. Rolling Mili
Previous close Today's close
buyers
buyers
Amer, 8ting and Wing. Co.
Change
Amer. Sugar Refining
Bank Bills, on demand 1085 Credits 4 months' sight 1180
SPOT
AUGUST
SEPTEMBER
On Saigonis
......her........................
On demand .......................
108
OCT.-DEC.....
On Manila-
| JAN./ MARCH
On demand
45 1/4
On Bangkok:-
וי
On demand
On Sterling Notes:--
Bank Buying Rate
1/6
Bar Silver per oz.
22 5/15
Opening
London
0/3-5/8
New York
5-1/2
Japan
Paris
Hongkong
23-3/8 ZON 21
Sterling
Sellers
Opening
Spot
Aug.
Sept.
Spot
Aug.
Sept.
Shanghai Exchange
APRIL-JUNE
NEW YORK COTTON: There was a small but consistent domes- 149 1/2 the Trade demand. 'Spot' offerings were light and the basis was high in the South. There was an Improved dermand for actual hedging. Moderate rains in the South-East are causing complaints of boll-weevil.
Shanghai, Aug. 3 (Reuter);
Official T.T. Rates
1k..
CHICAGO WHEAT: Business was comparatively light and prices were easily influenced by the action of the Corn market.
NEW YORK STOCKS: Previous close, 128.37; Today's close, 126.36: Change, off .01.
NEW YORK .COMMODITY MARKET (REUTER'S SERVICE)
Prev. Today's
Baldwin Lecometire Baltimore & Ohio
Bendix Aviation
A***** 12-15/16
12-13/10 12-1/2 12-1/16 11-13/18
Amer. Tel, & Tel-
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 3, 1940 ......
On London:- :
Telegraphic Transter. 1/2 7/4 Bank Bills, en demand 1/2 7/8 Credits 4 montha' sight 1,3 1/1
On Shanghai:
On demand
On Singapore:--
and demand ".....
On New York:-
||
Bank Bills, on demand 22 5/8 Credits, 60 days dght 24
SPOT OCT./DEC.
};
Do Batavia:—
On demand
On Paris:
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
Previous August 3
NEW YORK STOCK EXCHANGE -
STOCKS
QUOTATION
(REUTER'S SERVICE)
AUGUST 4, 1940
TUESDAY, AUGUST 6,
BANKS
1940.
HONGKONG & SHANGHAI THE CHARTËRED BANK OF
INDIA, AUSTRALIA
AND CHINA
corpurated by Royal Charter, "1859
£8,500,000 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-
..$20,000,000
Head Office:-HONG KONG
Board of Directora: H. V. Wilkinson, Esq.,
prietors
HEAD OFFICE: LONDON:
38, Bishopsgate E.Ct. Sub-Agencles In London: 117/19, Leadenhall Street, E.C.S West End Branch: 14/16, Cookspur Street, S.WL Manchester Branch: 8, Mosley Street, Manchester, L AGENCIES AND BRANCHES!
ALOR STAR AMBITAK SULTOXOX BATEVIA
BOMBAY
CALOUTTA
: HARBIN
PENANG
HONG KONG MANGOON
BANKING CORPORATION
Authorised Capital....... $50,000,000 fasued & Fully Paid-Up 890,000,000
Reserve Funds:
Sterling ....
Last SaleĮ.
STOCKS
userve Liability of
Last Sale
Proprietors
Aug. 3
Apg. 3
51*
Lockheed Aircraft
281
214
Loew's Inc.
251
331
Loft Incorperated
227
65*
Mack Truck Mc.
202"
951*
Martin, Glen L
312
341
McKesson & Robbins, pi4.
14
Montgomery Ward
411
Chairman. Hon. Mr. J. J. Paterson,"
Deputy Chairmas.
14"
M'tain City Copper Co.
24
132
National Aviation
10
J. K. Bousfeld, Esq.; A. H. Compton, Esq.,
15.
Nat, Dairy Products
13?
Hon. Mr. B. H. Dodwell,
61
National Distillers
*201*
G. Miskin, Esq...
11
National Lead
K. S. Morrison, Esq.,
161
37**
T. E. Pearce, Esq.,
Nat, Power & Light
71"
ILOILO IPOR
BAIGON
BREEMBAS
.131*
National Supply Corp.
O. C. Roberta, Esq.
6
182+
Hon. Mr. A. L. Shields,
3
New York Central
121
KARACHI XLANG
SHANGHAI
SINGAPOR
Amer. Tobacco "B"
7T
Niagara Hudson Power ...
41
Sir Vandeleur M. Grayburn,
AGENCIES: KOR
SITIAWAN
Market closed
Amer, Waterworks Anaconda Copper Atchison, T. & 8, FE Aviation, Corp.
9
N. American Aviation
16
201
North American Co.
20:
157
Branches:
Northern Pacific
61
47
Owens-flinois Glass Co. in
56
Amoy
Johore
151
Paelic Gas & Elec
201-
Bangkok
Kobe
Rangoon Saigon
Chief Manager. YARIN PLACE
CANTON CAWNPORI-
CIBU COLOMBO
GLITE STEENT
KUALA
HOURABAYA..
LUMPUR
TAIPING
KUCHING
TIENTSIN
MADHAN
ТОКОКАН
MANILA
(Bruket)
31*
Batavia
Kowloon San
DELHI
MEDAN
TSINGTAO
Packard Motors
34
Barber Asphalt Co. Barnsdall On
101
Bombay
Kuala
Francisco
HAIPHONG
Pan-American Airways
143*
Calcutta
Lumpur Shanghai
XXW YORK FELPING
ТОГОНЬМА
Paramount Pictures
54
Canton
London
Singapore
30
Pennsylvania R.R.
193
Cbefoo
Bethlehem Steel
797
Philadelphia Read, Coal
Colgrobe
Malacci
Lyons Sourabaya
Sungei
Edge & Co.
14*
Phillips Petroleum
334
Dairea
Manila
Patani
Boeing Airplane Co.
14)
Public Service of N.J.
382
Foochow Muar
Swatow
Borg-Wazmer
16**
Pullman Inc.....
19
Haiphong (Johor) Tientsin
Briggs Mig.
182
Bankow Mukden
11
Pure O
78
Budd M'facturing Corp.
·37
Harbin
New York Tsingtao
Radio Corpn. of Am.
5
Peiping
Canadian Pacific R'way
3
Reading Company,
Com
121*
Case, JI
50*
Remington Arms Co., Inc.
41.
Celanese
291
Republic Aviation Corp....
41
Chesapeake & Ohio,
39+
Republic Steel
172
$5.19/32 $5-21/32
5-19/32
Closing
·0/3-45/64/10/3-23/32 0/3-45/64 0/3,23/32 0/3-43/64 0/3-11/16 U.S... Dollars
New York Cotton. Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, Sept. NEW YORK COTTON Oct. (New contract) 9.40/40 December (
9.25/25
High Law
9.41 939
754 75 603
591
Close Close Change 9.40 9.41 01 up 19.50 closed
75%
75 60% 60
Chrysler Corpn.
731-
Revere Corp...........
Columbia Gas & Elec.......
Reynold Tobac. "B"
344
Commercial Credit Co.
30
Safeway Stores
411
Com, & Southern (Ord.)
11
Schenley Distillers
108
· of i oft
Consolidated Edison
29
Sears Roebuck
76
Consolidated Oll
8.90 closed
Shell Union Oll.
84
Contaental Gan
301
Socony-Vacurium Ou
8#
Close
++
Opening 9.40/40
Closing
Change
Continental Oil
*131
Southern Pacific
81
9.41/4:
.01 up
Copperweld Steel
18*
Southern Rly $5. pfd.
181
9.27/27
9.28/28
03 up
Curtiss Wright (C.)
7
Spicer Manufacturing Co." 27"
5-21/32
January
(
}
9.14 N
5-17/32
Market: Steadier uncertain.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Aug. 2.
January
The following quotations are the Märch
middle prices at the close of the May
5-19/32
March {
) N
...... 8.03/03
9.17a 9.07/01
9.170 9.08/09
.03 up
Curtiss Wright "A".
231
Standard Brands
B1"
.05 up
Deere & Co.
15
Stand Gas & Elec.
1.
May
(
}
8.84/84
8.86b/88a 8.87/87..
.03 up
Distillers Corpn. Seagrams
161*
Standard Oll of California
18+
July
)'
8.64/84
8.65b/74a.
Spot
...... 1018 N
8.69/69 10.16m
.05 up
Douglas Aircraft
71.
Standard Of of N.J.
331
02 off
Du Pont de Nemours
"185
Stone & Webster
74
Total sales Friday:-18,500 bales.
Eagle Picher Lead
8*
Studebaker Com,
72.
NEW YORK RUBBER
Eaton Mfg. Co.
311
Swift International
18
Elec, Autolite ......
342
September
Technicolor.
91*
19.50/50
Elec. Bond & Share
51
December
19.05/05
Teras Corpn.
367
Elec, Bond & Share $5 pf.
642
Texes Gulf Sulphur
321
18.95 N
LOSED
Elee." Bond & Share #5 pf.
721
18.85 B
Timken-Axle .........
24
Elec. Power & Light 57 p1.
341
Trans-America Co.
5
18.70, N
Putkote ...
14
20th Cent. Foz
.8)*
market in London. All quotations | CHICAGO WHEAT are subject to confirmation and no September responsibility is assumed for errors December .... in transmission.
Gen. American Trans.
49
Union Bag & Paper Corp. 121
75/750"
754/754
76/761
757/757
751/751 753/751
or
Gen, Electric
34)
Union Carbide & Carbon
70
off
Gen. Motors
454
Union" Pacifc
84.
Friday's sales:-10,935,000 bushels.
Gen. Railway Signal
11
United Airerait
376
t*.**
+
CHICAGO CORN
Gen. Tire & Rubber
11
United Airlines Trans
161
War Loan, 33%
(Red
September
after 1952)
991
601/60)
80/80
December
Janton-K'loon Rly."5%8
.......................... 563/567
561/561
60/601 -56/56)
1 off
Glidden Co.
121*
United Corpn.
2
Goodrich (B.F.)
-qu********
12
of
United Corpn. $3 cum pf:- 354
Chinese 41% Gold Loan
Friday's sales:-10,935,000 bush
Goodrich $5 pf.
54
United Gas Corpn.
14.
1898 (Brit. Issue)
30
WINNIPEG WHEAT
Goodyear Tire & Co..........
15
United Cas, Improvement 111
Chinese 6% Gold Bands,
1025-47
October
Great Northern Iron Ore
141-
734a
73ja
US.. Industrual Alcohol ...
18*
35
December
74fa
73 a 741a
unch.
Pandag
Great Northern Rly, pfd.
24
U.B. Rubber":
197
Great Western Sur
201
Interest Rates pa Application.
Chin, 43% Anglo-French”
NEW YORK KIDES
US. Rubber #2 pić.
B31*
Melbourne
Greyhound, Coryn.
111
Loan, 1903
U.S. Steel
534
44
September
Chinese 5% Crisp Leap.
December.
8.90/90 9.08/09
CLOSED
Hercules Powder, Co,
·801
Vanadium
-91
International Harvester
401
1912
13
New York Official
Vultee Aircraft
Haiphong Bankow
Kotolulu Faci Robe
Poping.
34-3/4
Chinese 5% Reorg. Loan,
unquoted 3.88
Int Nickel
231
Walworth C
1913 (Ldn. Is.}...........
18
Inter. Paper & Power ........... · 14 " Int. Tel & Tel.
Warner Bros. Pict.
21*
Chinese 8% Ster. Noter
1925 (Vickers)
Westinghouse Elec,
101
20%
Woodward, Iron Cor.
30
"Chase National Bank 2. National City Bank
Chin. Imperial Rly. 5% ---Loan."
Hohan Rly, 5%
Hukuang Rly, 5%, 1911...
(LP. N/Y Issue)
12
Hukuang Rly. 5%. 1911.
** (German Issue:
11
· Lung Tsing & U. Hai
Rły, 5% 1913
8
B'hai-N'King Bly, 5%
Tientsin-Pukow Rly, 5%
(Brit. Stpd.)
A
་་
Tientsin-Pukow Ris, 5%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl Loan) "6 Tientsin-Pukow Rly. 5%
(Ger. Stpd. 8upl Loan): 8 Jap..6% Ster. Löan, 1924 234 Ger, 1% Intl. Loan, 1924 :3 * Chartered Bank"
NY-London Cross Rate 3.88-1/2
HOME MARKET
In Mimes of national emergency,
work may be undertaken and ac-
Kennecott Copper.
IMPORTS MORE Lakey Foundry & Mac,
THAN DOUBLED
complished which, although im- Importa into Canada in April portant in ordinary times. is not more than doubled those of a then seen in such sharp relief. year ago, totalling $85,979,000 as The development of the home compared with $41,008,000. Pur market is a case in point, writes chases. from the United States Dr J. M. Swaine, Director, Sclence soared to $58,537,000 from $28,383,- Service, Dominion Department of 000 in April 1939, and from the Agriculture, in the CS.TA, Re-United Kingdom to $13,368,000
from $5,643,000,
vlew.
countries
con
It will be necessary in the years Other leading ahead for Canadian agriculture to tributing to this increase include: study the needs of Canadian-con-Straits. Settlements to $1,803,000 sumers and endeavour to supply from $487,000 in April, 1939, Brl- them to the greatest possible, ex-tish India and Burma to. $1,188,000 tent, and, on the other hand, for from $996,000, Australia to $1,028,-- the Canadian people to direct 000 from $319,000, New Zealand to
Libbey-Owens-Ford Glass 40
1929/40
*bia
DOW JONES
AVERAGE
Aug. J 1940
High Low Dow Jones Averages 156.99 111.84 30 Industriale
35.90 22.15.20 Rails
27.70 18.03 20 Utilities 99.28 83.06 40 Bonda
Aug. 2, High Low Close Change
126.37
129.66 128.10 125.38 28.05 27.00 28.06.20:96 22.82 22.85 72.78 22.82 68,48
65.67 45.59 11 Commodity Index 50.7%
DL off.
01 up
12
.03
Business Demo -120,000-shares
Tokyo
Tokobama
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates pbtainable on application.
Iloilo Ipoh "
Penang CURRENT ACCOUNTS opened la LOCAL CURRENCY and Fix Drosir received for one year or shorter
The Bank's Head Office in London periods in Local and other Car undertakes Executor and Trusts rencies on terms which will be business, and claims recovery of quoted on application...
British Income Tax overpaid, on ALEO up to date SAFE DEPOSIT terms which may be ascertained at Boxsin various sizes To Lær.
Hong Kong, 28th February, 1940. any of the Agencies and Branches.
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 HoxGKONG & SHANGHAI BANKING CORPORATION,
V.. M. GRAYBURN,
Chief. Manager. Hong Kong, 25th Feb., 1930.
THE CHASE BANK
R. A. CAMIDGE. .'
Manager,
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000,00 Faid-Up Capital
----- 5,588,600.00. Reserve and Undivided
Profits.......2,983, 281.30
Head Ofled:~HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors: SIR SHOPEON CHоw, Chairman
18, QUEEN'S ROAD, CENTRALL Koon Chan, Esq. Li Lan Bang, Esq.
HEAD OFFICE: «
18, PLNE ŠTEKET,
NEW YORK An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world
༔╚་་
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHARS NATIONAL BAIX' NEW YORK, with Bmourem of ord Ü. 8. $3,000,000,000,
D. M. BIGGAR.
Second Vice Pro
A Job
WANT ADS
INDO-CHINA
their attention, deliberately to the $964,000 from $125.000 Argentina STEAM NAVIGATION COMPANY LTD
products of Canadian farms and to $948,000 from $129,000. British
orchards."
West Indies to $855,000 from 3612,-
By taking advantage of recent 000, Belgium to $791.0000 from Operating Services for Cargo, and Passengers
advances in methods of storage $387,000, France to $720,000 from
and processing, there are few $390,000, China to $619,000 from Canadian
needs for fruit and $206,000, Colombia to $582,000 from Vegetables which Canadian agricul- $115,000
Purchases from British Bouth Africa were worth $405.000 against Ceylon
Final statistics for 1939 place $210,000 m April 1939, automobile production in Canada $280,000 against $302,000, Italy
61
HX & S'hai Bank (Ldn.
Reg.)......
63
HK. & Shai Bank (Col
Reg)
06
Chinese Eng.
Mining
(bearer).
18
Chosen Corporation
4
ture cannot supply.
Pekin Byndicate
2
#'hai Elec. Constr. Co.
15
B'hal Waterworks "A"-
131
Union Insurance ..... Gula Kalimpong Rubber 15 B.-A. Tob, (bearer), l. 73/9 Mercantile Bank
20
Dunlop Rubber ............
Bristol Aeroplane.
11. 26/6 ..8/104
Imperial Chemical Ind. 24/7
United Steel.
17/-
Woolworths
53/8
› Maranan. Inrestments.
8/11
Nat Defence Bonds, 3% 100 London-Midlands-Scot-
Wertern. Holdings
tlab, 3%
121
Bub-Nigel
198
Great Western Rail
Ebell Trans, &Tråd.
(bearer).
33/11
Nat. Bank of India, 3%
way, 3%
271
at 155,420 units valued at $99,173,-$206,000 against $135.000, Japan 216 at factory selling prices. The $486,000 against $296,000, Nether industry provided employment to lands. $277,000 against $223,000, an average of 14,427 workers who aweden $357,000 against $118,000, received salaries and wages total- Switzerland $384,000 against $179,- [lng $20,573,714.
000 and Venezuela $180,000 against $45,000,
The annual domestle consump tion of tobacco in Canada over the
TO
SWATOW, SHANGHAI, TSINGTAU, CHEPOO
and TIENTSIN” -
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONE
All steamers berth alongsido the Hoddevelt Tertial in the French Concession at. Shanghai, where passengers andi oargo are landed.
For further particulars ant
please apply to
past ten years has averaged ap-TELEPHONTER
proximately 42 million pounds.
GENERALI
ANA
P. K. Kwok, Esq. Wong Chu Son, Esq, Wong Tun Tong, Esq. Kan Ying Fo, ag Chan Ching Bhak, Roq. Fung Ping Wah Baq KA Toxa Po, Esq, Chief Manager LI Tar FONG, Esq., Manager
Amay Batavia
Branches and Agencies
Leglocs Laudas
Bombay ··Mandla
Celestia
How Tark
Singaporá
Bombays
Saigon Swabow
Bar Fran- Bydany
· oleva Fiontaln Seattle
Samaring
Shanghai
KORTE?
Every description of Banking anď Exchange business transacted. Loans granted on approved securities. Currency and Fixed Deposita re- Current Accounts opened in Local ceived for one
year or shorter
periods in Local and Foreign One- rencies terms which will be quoted on application.
SAVE LEPOSIT BOXES TO LE
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
FAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the prindipal - Commercial Centres of the World, we are able to extra to our Clients special facilition for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI
Hong Kong Branch:
QUEEN'S ROAD," U. South Chinës O[oks; CANTON SWATOW
KONGMOON TOISHAN
SHIUCHOWKINGOHOW
W niso handle she lie of Bonds and other Public Funds of the Chinese Government both at Home and Abroad
SHOU, THEN
Managers
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