1940-08-08 — Page 10

Adams Express

390

COMMODITY MARKET

REVIEW

Alleghany Steel Co.

Allis Chalmers

52 3/4

(FROM PAYNE & CO.)

lumbitum Ltd....

NEW YORK, August 6, 1940.

Amer. Can

35

Previous August 6

American Cyanamid B.

| SINGAPORE RUBBER

Transter.

$52-1/2

SPOT...

OUT./DEC.

JAN./MAR.

Close Opening Closing Change Buyers Buyers

37-3/8 37-1/4 ............ 37-1/4

35-5/8 35-3/4 35-5/8 33-1/4 33-3/8 33-1/4

Amer, & Foreign Power

Amar & Foreign $i pf",...

unch.

Amer. Locomotive

unch

Amer. Metals Co...

unch.

Amer, Radiator

Amer, Rolling Mill

Amer. S'ting and Ring Co.

Previous close Today's close

Amer, Sugar Renning

SPOT

buyers 13

buyers

Change

Amer. Tei, & Tel.

13-1/16

up 1/18

Amer. Tobacco “B”

SEPTEMBER

12-13 '18

12-15/16

up 1.8

Amer, Waterworks

OCT.-DEC.

***..... 12-9/18

12-11/18

UP 1/3

Anaconda Copper ...

PAGE 10-HONGKÒNG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

AUGUST 1, 1940

-On London:- ̈

Telegraphic Transfer. 7/1 Bank Bills, on demand 1/9 7/A Credits 4 months” sight 1,3 1/2

On Shanghai:---

On demand

On Bingapore:-"

On demand

On Japan:-

On demand"

On India:-

Telegraphic

Ou New York:-

AYNE

& CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONGKONG

and demand ......

Bank Bills, on demand es 3/8 Credits, 60 days' sight 23 374-

On Batavia :----

On demand... 41 7/8

On Paris:-

Bank Bills, on demand 1085 Credits 4 months' sight (180

On Saigon:

The market was steady but quiet. LONDON RUBBER

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

སཾ,

(REUTER'S SERVICE)

AUGUST, 7, 1940.

51" "Lockheed Aircraft

THURSDAY, AUGUST 8, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

*

Authorised Capital....... $50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1853,

Reserve Funds: Sterling.

£6,500,000 Reserve Fund

...£3,000,000 Paid-Up Capital

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

Leserve Liability of

Proprietors

.$90,000,000

Head Office:-HONG KONG

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

Deputy Chairman. J. K. Bomfeld, Esq, A. E. Compton, Esq.,

พ

prietors

*£9,000,000 HEAD OFFICE: LONDON,

39, Bishopsgate. E.Q.s Sub-Agencies In London: 117/12, Leadenhall Street, B.C.& West End Branch; 14/18, Cockspur Street, &,W 1.

Manchester - Branch:

52, Mosley Strest, Manchester, 1 AGENCIES AND BRANCIES:

ALOR STAR AMRITSAR MANGKOK

| BATAVIA

1-HARNIN

LONG TONG LLONA

ІРОН

KARAOH 1. KLANO

PENANG

LAN 1001

SAICON SEREMBAN →AXOMAI-

Last Sale

STOCKS

Last Sale

Aug. 6

Aug. 6

251

204

Loew's Inc.

25

33

Loft Incorperated

21

85-

Mack. Truck Ing.

211

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

#;

Martin. Olen L

300

93

McKesson & Robbins, pf4. 22

11*

Montgomery Ward

401

141

M'tain City Copper Co.

21

13*

National Aviation

9t

14)

Nat Dairy Products

131

Hon. Mr. S. E. Dodwell,

61

National Distillers

201

G. Miskin, Esq.,

101

National Lead

161*

E. S. Morrisco, Esq.,

38

T. E. Pearce, Esq.,

Nat, Power & Light

73

C. C. Roberts, Esq.,

131*

National Supply Corp.

31

162

Hon. Mr. A. L Shield,

BOMBLY GAZODYTA

New York Cenual

11

SINGAPOR

7773

Niagara Hudson Power...i

43

Sir Vandeleur M. Grayburt,

9

N. American Aviation ......

151

Chief Manager, FAILLIE PACK

AGENCIES: KON CLAVE BYLLET

BITIAWAN -

KUALA

SOU RABATA

| CANTORS

LUMPUR

TAIPING

20

North American Co

197

On demand

.... 97-1/4

JAN/MARCH

12-1/8

12-1/8

unch.

Atchison, T. & 8, Ta.

15.

Northern Pacific

64

On Manila:-

APRIL-JUNE

11-7/8

11-7/8.

unch.

Aviation Corp.

41

Owens-Minol's Glass Co. ... 544

Amoy

Branches: Johare

| CAWKPORE

KUCHING

TIENTSIN

СКВО

MADRAS

TONGEAN

On demand

44 3/4

The market was steady.

On Bangkok:~

On demand

148 1/2

On Sterling Notes:-

Bank Buying Rate --- 1/5

Bar Sliver per os.

23

7/16 for Forward, the quotations being 23 and 22.11/16 respective." ly. Silver advices reported market as being steady with a moderate business done. Ameri-

the

Close

9.39/39

)

9.28/28

January

}

...... 9.17 N

t

1

9.08/08

יז

(

}

ན་

9.88/88.

8.67/87

Spot

10.11 N

NEW YORK RUBBER

19.68/88

19.25/28

19.15 N

.......... 74/75

market rose to

December .....

Monday's sales:-7.241,000 bushels. CHICAGO CORN September December

731a 74ja

J

NEW YORK HIDES

September

8.91b

December .....

9.10/10

Total sales for the day:-61 contracts.

New York Officini

34-3/4

Market Report

NEW YORK COTTON: There was some liquidation and South- ern selling on rumours that a loan of about 8.30 cents will become mandatory.

11

CHICAGO WHEAT: Trade was light and the market was easily Influenced, the lack of interest and reports of moisture in the North-West were contributing factors to the decline. The Arm cash position keeps selling in check,

NEW

YORK STOCKS: Previous close, 125.44; Today's close.

·FROM RÖZA BROS. Silver prices rose yesterday to 125.27: Chang off 1.17. the extent of 1/2 for Ready' and

NEW YORK "COMMODITY. MARKET

can Silver was quoted at 34.314 for New York Cotton. Oct; Spot.

The London/New York CrOES- rate was quoted at 402.1/2 New York/London was quoted at 395. MARKET

Steady for Sterling and easter for US Dollars.

STERLING

(REUTER'S SERVICE)

New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, Sept.. NEW YORK COTTON Oct. (New contract) December (

No business was reported. There March were sellers at 1/2.31/32 August/May "October, buyers at 1/3 for Bash. July

U.S. DOLLARS

High Low 9.39 9.33 19:70 19.70

Opened with sellers at 22.9/16. Total sales Monday:-28,400 bales. · buyers bidding 22.11/16 resulting in business at 22.5/8 followed by

September transactions at 22.8418 for Cash

December and second half of September January The market closed with small Gellers at 22.7316 August/Septem MAY ber, buyers at 22.1/2 for Cash,

March

Total sales:-240 tons. SHANGHAI DOLLARS

CHICAGO WHEAT Business was done early in the moming at 398 and then the September

400. Later the and

market dropped to 399.1/2 closed with sellers at 401.

SHANGHAI MARKET Sterling opened with sellers at 3.3/4 and U.S.$. at 5.23/32 for Spot. At the close the market

WINNIPEG WHEAT

was easier with sellers at 3.45/64 October for Spot and US. Dollars at 5.19/December 82 for Spot,

Shanghai Exchange

Shanghai, Aug. 8 (Reuter).

Official T.T. Rates

Prev: Today's

Close Close Change 5.39 9.34 .05 08 19.88 19.666 .02 off

Baldwin Lecometive Baltimore & Ohio Barber Asphalt. Co. Barnsdall ou

Bendix Aviation

141

Bangkok

Kobe

Pacific Gas & Elec

•291

ES

Batavia

Kowloo

Packard Moton

3#

Bombay

Kuala

Rangoon Saigon San

Franciaco

COLOMBO

MANILA

(Bhuket)

DELU:

MEDAN

TSINGTAO.

BAIPHONG

NEW YORK

YOKOHAMA

91*

| Pan-American Airways

14

Calcutta

Betalehem Steel

Bliss Co.

Boeing Airplane Co.

Borg-Warner' vi..

Brigga Mig.

Budd M'facturing Corp.

Canadian Pacific E'way

Case, FL

Celanese

Chesapeake & Ohio

Chrysler Corpn.

Columbia Gaj & Elec,

78 741 747 741 607 591 593 60 8.96 8.90 8.91b 8.90 .01 off

off

up

Commercial Credit Co. Com, & Southern" (Ørd.) Consolidated Edison Consolidated Of Continental Can

Continental Of

Opening

Closing

Change

Copperweld Steel

Curtis Wright (C.)

9.37/37

9.34/34

.05 of

Curtis Wright- “A”

9.37/27

9:25/25

.03 од

9.15b/17a

9.07/07

8.87/87/

9.14 9.05/05 8.85/85

.03 off .03

Deere & Co. .......

Distillers Corpn. Seagrams

.03 cl

Douglas Aircraft

3.67/67

864n 10.06n

.03 off

Du Pont de Nemours ...

Eagle Picher Lead

.05 off

Eaton Mfg. Co.

Elec. Autolite

Elec. Bond & Share

18.70/70

19.20b/30x

19.66b/70% 19.26/26 unquoted 19.15

.02 off

Elee. Bond & Share $5 pt.

.01., up

mec. Bond & Shar; $6 pf.

unch.

Elec. Power &, Light 37 pf.

18.98b/19.00a 18.91b719.05a 18.98n

18.83/83

18.83n

unch.

Flintkate

·unch.

Gen. American Trans. ..**

Gen. Electric

Gen. Motors

Gen. Railway Signal

747/741 753/751 753/751

791/741

# off

Gen. Tire & Rubber

751/751

of

Glidden Co.

Goodrich (BF.).

Goodrich $5. pf.” ...................

Goodyear Tire & Co.

597/597" 60/601 50/56+ 561/551

..60/60%

up

Great Northern Iron Ore

551/56

up

Great Northern Rly, píd.

Great Western Sugar

Greyhound Corpn.

732/731

7312 7480

unch. unch.

Hercules Powder Co

«International Harvester

Int Nickel

8,75b/9.00% 8.90/90 8.98b/9.10a 9.05/06

01 off

Inter. Paper & Power

.05 off

Int. Tel. & Tel.....

Kennecott Copper

Opening

NY-London Cross Rate 3.89-3/4

34-3/4 3.95

Lakey Foundry & Mac. Libbey-Owens-Ford" GlasS

London

0/3-5/8

New York

5-1/2

Japan

23-3/8

Paris

Hongkong

Sterling

20N 24

Spot

Aug.

Sept.

Spot

Sellers

Opening Closing 0/3-3/4 0/3-45/64 0/3-3/4 -0/3-45/841 0/3-23/32 0/3-43/64.

U.S. Dollars

Aug. 5-11/16

Sept.

......5-5/8.

Market: Easy

Silver Duty Rate

The Central Bank of China's rate on London at 10 am, today wa 1/2-1/24.

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

Tientsin-Pukow Rly. 5%

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

London, Aug. 6. „The following quotations.are the middle prices at the close of the market in London. All quotations (Ger. Stpd. Supi, Loan) 8 are subject to confirmation and no Jap. 5% Bter. Loan, 1824 234. responsibility is assumed for errors Ger, 79% Intl. Loan, 1924 4 in transmission.

The Equalisation rate was 211 Chin 41% Anglo-French

per cent.

1939/40.

DOW JONES AVERAGE

High Low Dow Jones Average 156.92:111,84 30 Industrials

36,30 2215 90 Raits

· 97.70 -- 18.03 20. Utilities

29.13 83.06 40 .Bonds

Aug. 7, 1940

Ang. 5, High Low Close Change 126.44

26.88

125.28 125.11 125.27 1.17 of 26.09 23.69 28.75 .13 off

Patgai Swałow

(Peking)

FORE.ON EXCHANGE and Gsacral Banking Business transacted.

CURRENT Accounts opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNT also opened in Local Currency and Sterling with

CORBENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and Fizzo DOSIT on application. 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 business, and claims recovery of British Income Tax overpaid, op terms which may be ascertained at any" of the Agencies and Branches.

'B. A. CAMIDGE,

Manager.

quoted on application.

Also up to date SAFE DEPOSIT BOXES in various sizes To Las Hong Kong. 28th February. 1940.

HONGKONG SAVINGS

BANK

The Business of the above Bank it conducted by the. HONGKONG & SHANGHAI BANKING COR- PORATION, Bules may be obtain- ad on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Ghief Manager. Hong Kong: 28th Feb., 1938.

---THE CHASE. BANK

18, QUEEN'S EQAD, CENTRAI

HEAD OFFICE:

18, P. STREIT, "

NEW YORK

An American Bank offering com

plete Foreign Banking Bervice in the principal Markets of the world. Interest Rates on Application..

"

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THR CHAIR NATIONAL BAWT Naw Zona, with Bsources of one U.8.82,900,000, 600,

"

D. M. BIGGAR,

Second Fice Pre

Ajob?

22.78 22.75 22.50 22.68. .06 off WANT

.88.31

8567 45.59 11. Commodity Index 50,55

89.29 .0% off 50,44 13.02 Business Dond:-290,000 shares

ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and“ Passengers

$5-11/16 $5-19/32 5-19/32 5-17/32

11

2

(Red Var Loan, 31%

after 1952)

100-1/18 Canton-Kloon Rly. 5% 6 Chinese 4 Gold Loan

1898 (Brit. Issue) Chinese 5% Gold Bonds,

Chartered Bank HK. & Bhai Bank (Ļdn.

Reg.) H., & S'hal Bank (Col.

81

62

Reg)

765

30

Chinese Eng. & Mining.

(bearer)

16

Chosen Corporation

1925-47...............

Pekin Syndicate.....

B'hai Elec. Constr. Co.

15;

Loan, 1908

S'hal Waterworks "A"

Union Insurance

13 20

TO-

13

Gula Kalumpong Rubber 13/0

B.-A. Tob. (bearer)

75

Mercantile Bank

·111·

Dunlop Rubber .........

27

Bristol Aeroplane

10

Imperial Chemical Ind:25

Marsman Investments

Calcutta Exchange

Calcutta, Aug. 6 (Reuter)... TT. on Japan, 83-7/8.

LONDON METALS

EXCHANGE London, Aug. 6 (Reuter). Tia. Standard, Cash, Middie Price £266-6/8,"\"

Tin, Standard, 3 months, Middie Price, 266-3/4

LONDON GOLD

London, Aug. 6 (Beater) Bir Gold, yine per oz. 1887,

Chinese 5% Crisp Loan.

1912 Chinese 5% Reorg, Loan,

1913 (Lan. Is.). Chinese: 8% Ster. Notes,

1925 (Vickers)

Chin Impertal Rly, 5%

Loan Honan Bly, 5%... Hukuang Rly, 5% 1011...

(LPN/Y Issue? Sukuang Riy, 6%, 1911-

German Issue) Long Thing & U. Hal

Fly 5% 1913.

shai Nhat Ely. By u Tientsin-Pukow Riy 5%.

(Brit. Btod.)

Tentain-Pukow Rly, 5% St German' Stpd.).

United Steel.

Woolworths

Western Holdings

Sub-Nigel

Shell TranS, * Trad.

ipeärer,

Nat Defence Bonds, 3% 100% London-Midlands-Scot

tish, 3%

Great Western Rall Nat, Bank of India, 3%

way 3%

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and. TLENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CÁLCUTTA

SANDAKAN

HAIPHONG

All stemmers berth alongside the Roosevelt Terminal (in) the French Concesión at Shanghai, where passengers. and cargo ars-landed, e

For further particulars.

plous apply to

RDINE!

HESON

BANK OF EAST ASIA, LIMITED

Authorised Capital...$10,000,000.00 Paid-Up Capital 5,669,600.00 Reserve and Undivided

ProGts63,281.50

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

Board of Directors: SIA SHOPSON CHow, Chairman Li Koon Chan, Esp Li Lan Sung, Eng. P. K. Kwok. Esq. Wong Che Sea, Esq. Wong Tan Tong, Esq. Kan Ting For Fag. Chan Ching Shok, Baq, Fung Ping Wah Eag KAN TONG Po, Esq., Chief Manager LI Ta Foxo, E, Manager*

Bataris Bomber

Branches and Agencies:--

Kersioon London

Mariin

Bagpers

Bangbom Busbars

Salgom Bwalow Dalentis Malbourne au Fran- Bydory

Jugamka New York. Beattle

ooo Fistin

-courer

Part Semarang Felpiar Shanghai

Every description of Banking sad“ Exchange business transscted. Loans granted on approved securitira.

Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur cancies on terms · which will be quoted on application,

BATE LEPOSIT BOXES TO LET."

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

* BANK

PAID UP CAPITAL $40,000,000.00 (Branches"All Oven, China) Owing to our numerous Branchen. in China and connections in the principal Commercial Cantrea - of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Faxphalige.

Head Office:-BHANGHAI Hong Kong Branche

4, QUEEN'S ROAD C Ed South China Offers

CANTON KONGMOON

SWATOWTOISHANGER

SHIUCHOW KINGCHOW

We also handle the issue of Bonda and ther Public Funds of the Chinese-Government, both at Home and Abroad Was

SHOU. CHEN,

anager

Lumpur Shanghai

"

8

Paramount Pictures

51

HAMBURG HANKOW

PRIPING

Canton

London

Singapore

291

Pennsylvania RR.

193

Chefoo

Lyour

Sourabaya

78).

|Philadelphia Read, Coal

Colombo

Malacca

Sungei

131

Phillips Petroleum

31"

141

Public Service of NJ:

361

Dairen Foochow

Manila

1}

Masz

14

164

Pullman Inc.................

191

Haiphong

Bankow.

(Johore) Tientsin Mukden

18)

Pure..00

TA

Barbin

Now York

3A

Radio Corpn. of Am: ...............

43

Iloilo

Peiping

Tokyo Teingtao Yokohama

31

Reading Company,

Com '13

Ipoh

Penang

50

Remington Arms Co., Inc.

41*

291

Republic Aviation Corp.

.41

38

Republic Steel

17

721

Revere Corp. ....

53

Reynold Tobad "B"

35

311

Safeway Storer

43+

14

Bchehley Distillers

10

281

Sears Roebuck

751"

Shell Unilan Of

84

39

Socony-Vacünum Of

84

18

Southern Paciic

BL

171

Bouthern Rly Hopfd.

18

62

Spicer Manufacturing Co.. 263.

231

Standard Brands

B&

16.

Stand Gas & Elec

151.

Standard Oil of California,

18

694

Standard On of N.J

231

164

Stone Webster

73

8

Studebaker Com....

74

311

Swift International

18

348...

Technicolor

97

51

Texas Compl.

35

63

Texes Gulf Bulphur

· 324 -

72

Timken-Axle ........

237

33

Trans-America Co.

.5

131*

20th Cent, Fox

481

Union Bag & Paper Corp. 12

332

Union Carbide & Carbon 682

454

Union Pacing.....

84.J

114

United Aircraft-

354

—

11"

United Airlines Trans

184

12+

United Corps, ..

.12.

111.

501*

15.

United Corpn. $3. tum pr. 36 United Gas Corph... 1} United Gas Improvement 111

14*

U.S., Industrual Alcohol.

18"

Fenang

223

U.S. Rubber

191

201*

US. Rubber $8 pia.

83

12

U.8. Steel

52+

793

Vanadium

301

391

Matphong Bankow Honsleit Cobe

Vultee Aircraft

87*

231

Walworth Co....................

32

14+

Warner Bros. Pict..

21

21*

Westinghouse Elec.

1001

261

Woodward Tron Cor.

254*

31

Chase National Bank

297

391

National City Bank

24

bid

-er div.