1940-08-12 — Page 10

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MONDAY, AUGUST 12, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION.

་་

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

INDIA, AUSTRALIA-

AND CHINASZ Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1853

Reserve Funds: Sterling

Paid-Up Capital....... £8,500,000 Reserve Fund

....£3,000,000 ...£3,000,000

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

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

Chief Manager.

Kangoon Saigon

Francisco

-Peiping Yokohama

Perang

CALCUTTA

AGENCIES: KOER CLITE ÉTAT KUALA FAIL PLACE

CANTON

CAWNPORA CEBU

HAIPHONG

HAMBURG HANKOW

MIRAN NEW YORK PIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

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

.... 52 3/4

NEW YORK, August 10, 1940.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

AUGUST 10, 1940.

On London:-

Telegraphic Transfer. 1/2 7/s Bank Bills, on demand 1/2 7/8 Credits 4 months' sight, 1/3 1/2

On Shanghai:

On demand

On Singapore-

On demand

***... 385

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY

MARKET REVIEW

(FROM PAYNE & CO.)

NEW

YORK STOCK EXCHANGE

"Adams Express

QUOTATION (REUTER'S SERVICE) AUGUST 11, 1940...

STOCKS

Last Sale

STOCKS

Reserve Liability of

Last Sale

Aug. 10

Proprietorsystymas

..$20,000,000

prietors

„£3,000,000

HKAD OFFICE: LONDON:

Lockheed Aircraft

Head Omee:-HONG KONG

Alleghany Steel Co.

211

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

240

Allis Chalmers

331

Loft Incorperated

227

Board of Directora:

Aluminium Ltd, ...............................

66"

Mack Truck Inc.

H. V. Wilkinson, Esq.,

Amer. Can

Martin, Glen L

On Japan:-

On demand.......

ទន

On India-

י.

40 1/3

IS POT......

SEPTEMBER

OCT.-DEC.

Telegraphic Transfer. and demand

On New York:---

SINGAPORE RUBBER

SPOT

faster. 82 1/2 OCT/DEC.

Bank Bills, on demand 21 5/9 Credits, 60 days' sight 93. «.

On Batavia :———

On demand.........

On Parks:-

Bank Bills, on demand 1085

Credits 4 months' sight 1180

JAN./MAR.

The market was steady.. LONDON RUBBER

Previous close Today's close

Buyers

38-7/8

· August 10 Opening Closing Change

Buyers

38-3/4 36-3/4

American Gyanauld B

321

McKesson & Robbins, pfd.

212

Amer. & Foreign Power Amer & Foreign $ pf.

Montgomery Ward

417

14+*

M'tain City, Copper Co.

21*

off 1/8

Amer. Locomotive........

131

National Aviation

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

Deputy Chairman., J. K. Bousfold, Esq., A. H: Compton, Esq.,

· 35-1/2--35-3/8

35-3/8

off 1/8

Amer. Metala Co.

141

Nat. Dairy Products

134

Hon. Mr. S. H. Dodwell,

33-1/8 33

of 1/8

Amer. Radiator

National Distillers ....

G. Miskin, Esq.,

ALOE STAB AMRITSAR

Amer. Rolling Mill

101.

National Lead

E. S. Morrison, Esq.,

ΔΑΣΟΣΟΣ

Amer. 8ting and Ring Co.

354

Nat, Fower & Light......

"T. E. Pearce, Esq., 1

38, Bishopsgate E.C

Sub-Agencles In London: 117/192, Leadenhall Street, E.CS West End Branch;

14/16, Cockspur Street, 8.W 1. Manchester Branch: 32, Mosley Street, Manchester,

AGENCIES AND BRANCHES:

HARBIN

PINANG HONG KONG HANGOON ILOILO

BAIGON

BATAVIA

Amer. Sugar Refining

133

On"Ɛaigon:-

On demand

On Manila:-

On demand

On Bangkok:-

On demand.......

On Sterling Notes:-

JAN./MARCH

94 174

APRIL-JUNE

43 1/4

... 149 1/9

Bank Buying Rate Bar Silver për oz

1/5 23.1/3

buyers 13 12-15/18

12-11/18

CLOSED

12-1/8 11-7/8

buyers

Change

National Supply Corp.

0. C. Roberts, Esq.,

BOMBAY

Amer. Tel, & Tel.

162

New York Cential .....

ПРОД XARAOH) ILANG

BEREMBAN

BRANGEAR.

BINGAPORI

Amer. Tobacco "B"

751

SITIAWAN

Niagara Hudson Power

41**

SOURAHAYA

Amer. Waterworks

N. American Aviation .....

LUMPUR:

Anaconda Copper

TAIPING

North American Co.

14ཐཱ་

Atchison, T. & S. Fe.

Branches:

KUCHING'

TIENTSIN

Northern Pacifc

MADRAN

TONGKAH

Aviation Corp.

Owens-Illinois Glass Co.....

Amoy

Johore

Chicago Wheat, Sept.

The market was closed. NEW YORK COTTON:

The market reflects the continuation

of poor exports and increased hedge-selling. The Government loan

is not yet a market factor, although, it would ultimately tighten the "Spot" situation

NEW YORK RUBBER:

Market closed.

CHICAGO WHEAT; Scattered commission house selling at the opening caused a decline. The volume of business was small and

MARKET REPORT prices railed on the absence of selling pressure.

FROM ROZA BROS... The price for Ready Silver" "Was | unchanged at 23.1/2 but the For- ward rate dropped 3/16 to 22.5/8. Suver advices reported a quiet market with small business

done. American Silver was quoted

at 34.3/4 for Spot.

NEW· YORK STOCKS: Previous close, 126.40; Today's close, 126.99: Change, up 59.

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE) ·

The London/New York cross-New York Catton. Oct. rate was quoted at 402.1/2, New New York Rubber, Sept. York/London was quoted at 398.

Prev. Today's.

High Low Close Close Change 9.36 9.23 9.36 9.30 .06 of

Bendix Aviation

Bilss & Co.

Baldwin Lecometive

154

Pacific Gas & Elec

291

Bangkok

Kobe

COLOMBO DELHI

MANILA

(Bhuket)

TSINGTAO

Batavia

Baltimore & Ohio...

Kowloon

Sen

Packard Motors

Barber Asphalt Co.

·97.

Bombay Kuala

YOKOHAMA

Pan-American Airways

131

Caloutta

Lumpur Shanghai

Barnsdall Cu

Paramount Pictures

Canton

London

Singapore

.301

Pennsylvania RR.

·20

Chefoo

Lyons

Sourabaya

Bethlehem Steel

781

Philadelphia Read, Coa

Colombo

Malacca

134

Phillips Petroleum

33"

Dairen Manila

Sungei

Patani

Boeing Airplane Co

141

Public Bervice of N.J.

364

Foochow

Muar.

Swatow

Borg-Warner ......

Pullman Inc..

Haiphong

(Johore) Tientsin

191

Briggs Mfg.

201

Bankow

Mukden Tokyo

Pure 0...

Harbin

Budd M'facturing Corp.

New York Tsingtao

Radio Gorpn. of Am. .....

[loilo

Canadian Pacific R'way ...

Reading Company,

Coin

Ipoh

Case, JL

,524

Remington Arms Co., Inc.

Celanese

291

Republie Aviation Corp. ...

-41

Chesapeake & Ohio

38.

Republic Steel

17!

Chrysler Corpn.

741

Revere Corp.

8**

Columbia Gas & Elec.

Reynold Tobac ·"B"

334

Commercial Credit Co.

314

Safeway Stores

Com, & Southern (@rd.)

Schenley Distillers

Consolidated Edison

281

Sears Roebuck

773

MARKET

Quiet,

STERLING

Chicago Corn, "Sept. New York Hides. Sept.

73 BI) BO

19.32 closed

74 ·737 } 614 01 1 off 8.83N closed

Consolidated Oil

Shell Union Of

Continental Cam

39+

Socony-Varunum Of

Continental OLI

173

Southern Pacific

Copperwald Steel

181

Southern Rly $5 pfd.

181*

NEW YORK · COTTON

U.S. DOLLARS

for

of Spot

Cash.

There were sellers at 1/2.31/32 Oct. (New contract) up to November, buyers at 1/3 for any delivery.

Business was done during the May

course of the morning at 22.1/16 | July

neur ond Second hald

September. The market closed Total sales Friday: 43,000 bales. with sellers at 231/18 near and NEW YORK RUBBER September, buyers at 221/8 for

SHANGHAI DOLLARS Opened with sellers' at 401. March Business wa done later at 403. May

Towards the close 404 was done July

also 403.1/2. The

and

market CHICAGO WHEAT closed with sellers at 403 buyers; at 404.

AFTERNOON MARKET Erratic. Opened with sellers of Sterling at 5.11/16 and closed with sellers at 3.45/64, US. Dal-September

lars opened with sellers at 5.7/16 December

and closed with sellers at 5.13/32 WINNIPEG WHEAT for Spot.

9.36/37

Opening

9,23/24

December

January

March

}

9.31/31

9.27/26.....

9.20 N

9.11 N

9.14/14 9.12/12

Closing 9.30/30 8.27/37 9.17n

Change

Curtiss Wright (C)

Spicer Manufacturing Co.

277

Curtiss Wright "A"

.06 of

Deere & Co...

251 15

Standard Branda

Stand Gas & Elec.

,04 off

Distillers Corpn. Seagrams

161

Standard Oil of California

181

.03 of

Douglas Aircraft ..........

| Standard On of N.J.

331

9.13/13-

.02

Du Pont de Nemours .......

184

Stone, & Webster

71*

8.92 N

8.95b/97a

8.941

.02

Eagle Picher Lead...

72*

Studebaker Com,

8.71/71

8.78/78

9.98 N

8.77/77 9.87n

.06

Eaton Mfg. Co.

མཔཿ ན་ན

Swift International

171

.11 of

Elec, Autolite

344

Technicolor

Elec. Bond & Share

Texas Corph. ....

381

Elec, Bond & Share $5 pt.

63*

Texes Gulf Sulphur

Elec. Bond & Share $6 pl.

71*

Timken-Axle

231*

September

December

January

19.32/33

Elec. Fower & Light $7 p.

33j*

Trans-America Co.

18.99/99

Flintkote

134*

18.92 N

CLOSED

20th Cent, Fox.

-Gen. “American "Trans.

474*

18.79" N

Union Bag & Paper Corp.

123

Gen, Electric

341

18.59. N

Union Carbide & Carbon

694

Gen. Motors

4a1

Union Pacific

841*

unquoted

Gen. Railway Signal

111

United Aircraft

Gen. Tire & Rubber

11.

United Airlines Trans

181

September December

74/741

747/75

734/731. 737/74 742/742 747/75

1 "off

Glidden Co.

127

United Corps,

unch.

Goodrich (B.F)

110*

United Corpn. 36 cum pt. 36%

Goodrich $5 DĚ

491*

Friday's sales:-6,991,999 bushelss, CHICAGO CORN

United Gas Corpn.

***

"Goodyear Tire & Co.

151

United Gas Improvement

Great Northern Iron Ore

147...

U.S.. Industrual Alcohol ...

181

611/611 31/607 561/581 56/551

61/81 561/50

off

Great Northern Rly, pfd.

US. Rubber

1 of

Great Western Sugar.....

201

US. Rubber $8 ptd..

83*

Greyhound Corpn.

U.6. Steel

531

SAFE DEPOSIT BOXES

Hercules Powder Co.

32'

October..... December

Vanadium

7303

73 a

741a

73 a 7410

unch.

International Harvester: ***

40+

Amary Batavia Bambay

Ka-vidos

London

Manila

Oslomita

Haiphong Hankow Honninin

Labe

Baigon

OORTES

Parts

Vultee Aircraft

71*

Beaning Shanghai

unch.

Ind Nickel

Shanghai Exchange

Walworth Co.

NEW YORK HIDES

Inter. Paper & Power

152

Warner Bros. Pict

Shanghal Aug. 10 (Reuter)..

Onelal TT. Rates

September

Int. Tel & Tel.

21*

8.83 N

CLOSED

Westinghouse Elec,

1012

December

9.01/01

Kennecott Copper

261

Woodward Iron Cor.

New York Official

34-3/4

Lakey Foundry & Mac. D

·34*

Opening

London

0/3-5/8

NY-London Cross Rate 3:38 (offered)..

unquoted

3.97-1/2

Libbey-Owens-Ford Glass 394

Chase National Bank National City Bank

231*

New York

Japan

5-3/8

22-3/4

-bid.

ex. div.

Päris

Hongkong

20N 24

DOW JONES AVERAGE

High Low Dow Jones Averages, Aug. 9,

Aug. 11. 1940. High Low Close

1939/40

Change

156,93 111.84 30 Industrial

126.40

·197.35 120.97: 128.99-

.19 up

35.90 22.16 20 Rails

26.75

26.88 96.81 26.66

.11 ap

87.70 18.03 20 Utilities

255

29 61 42.56 $260

93.33 83.06*40 Bands

88.11

88,13

.05 up 01 up

88.67-45.69 11 Commodity Index 50.49

Business Done-180,000 shares

SAVINGS ACCOUNTS miss opened in Local Currency and Sterling with on application.

CURRENT ACCOUNTS opened in interest allowed at rates cutainable. LOCAL CURRENCY and FixED DET received for one year or shorter perioda." in Local and other Our terms which will be

rencies an

quoted on application.

Atso up to date SAT DEPOSIT Boxes in various sizes To Lar 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

18, QUEEN'S ROAD, CENTRAI

HEAD OFFICE:

18, PINE STEKET,

"NEW YORK An American Bank offering com plete, Foreign Banking Service in the principal Markets of th world.

Interest Rates on Application.

This Bank is entirely owned by

TER OHA NATIONAL BANK NEW YORK, with Resouros (of ovul} U.8.$2,900,000,000.

"D. H. BIGGAR,

Second Tips Pre

A job?

WANT ADS

INDO-CHINA

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

R A. CAMIDGE,

Manager,

BANK OF EAST ASIA, LIMITED

Authorised Capital. Paid-Up Capital Reserve and Undivided

Profits

.$10,000,000.00 3,598,600.07

.....2,3,261.50

Head Offee:---HONG KONG No. 10 Des Voeux Road, Contral Board of Directors:

SIB SHOUBON CHow, Chairman Li Koon Chun, Zej Li Lan Bang, Esq. ".. P. K. Kwok, Bag. Wong Chu Sos, Esq. Wong Yan Tong, Esq. Kan Ting Fa, Kag. Chan Ching Shot, Esq. Fang Ping Wah kaq KAN TONG Po, Esq., Chief Manager Li Tea Fono, Esq., Manager

Branches and Agencies:-

Penang ¿lagspor Bangoon Bourabaya

Kalbosran - San Fran- ́Bydney 2.

alico Flints

New York Beattie,

Peipiag

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

Current Accounts opened in Local Currency and Fixed Deposita, re- ceived for one year

or thorter

periods in Local and Foreign Car rencies On terms which will be quoted on application.

BATE DEPOSIT BOXES, TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE BANK PAID-UP CAPITAL $40,000,000.00

STEAM NAVIGATION COMPANY LTD BRANCHES ALL OVER OBLA)

Operating Bervices for Cargo and Passengers.

Chin. Imperial Rly, 5%

Sterling

Bellers

Opening Closing 0/3-11/16 0/3-45/64 0/3-11/16 0/3-45/64 0/3-21/32 0/3-11/16 ..

Spot

Aug.

Sept

V.B. Dollars

Spot

$5-13/33 $5-13/32-

Aug.

Sept.

5-13/32 5-11/32

Market Uncertain.

Calcons Exchange

Calcutta, Aug. 10 (Reutery. TT on Japan. 82-1/8...

SILVER MARKET

BOMBAY SILVER -

Bombay, Aug" 10 (Reuter). Market-Quiet. Oftake 25 bars.

Indun Mint Silver

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Angusį 9. Tientsin Pukow. Rly. 5% The following quotations are the (Brit. Stpd. Supl, Loan) 8 middle, prices at the close of the Tientsin-Pukow Riy, 5% market in London. All quotations. (Ger. Stpd.: Supl. Loan) 8 are abject to confirmation and no Jap, 6% Ster. Loan, 1924 241 responsibility is assumed for errors Ger. 7% Intl, Loan, 1924 43 in transmission.

Var Loan, 31% (Red

after 1952) 99-9/16 Canton-Kloon Rly, 5% 6 Chinese 41% Gold Loan.

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

1925-47******

Uhin. 41% Anglo-French

Loan, 1908 all

Chinese 5% Crisp. Loan;

1912

Chinese 6% Reorg. Loan

1913 (LAD. 15.) Chinese 8% Ster. Notes:

1925 (Vickers)

Uhartered Bank

Dunlop Rubber

HK. & 8'hat Bank Ldn.

Heg).

HK & Shal Bank (Ool...

Rex)

Chinese "Eng. & Mining

(bearer) *****

Chosen Corporation......

Pekin Syndieste

B'hai Elec. Constr. Co.

S'hat Waterworks "A" 131. Union Insurance"................. Gula Kalumpong Rubber 13/9 B-A, Tob; (bearer) Mercantile Bank

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

72/6

111

Bristol Aeroplane

9/6

63-05

Imperial Chemical Ind. 24/9" United Steel......

17.

63-04

Honan Rly, 5%,

Woolworths.

63-04

Hakuang Rly 6%, 1911...

CL.P. N/Y Issue) Hukuang Rly, 5%, 1911

(German Issue)

Lung Teing

Sept. 25 Gtlement

LONDON METALS

EXCHANGE

(Reu

Landon Aug. 9

Standard Cash, Middle 2.285-1/8. Standard," 3 montha, Middie: Price £265-3/8

Price

Rly 5% 1913. S'hal-N'King R17. 5% Tientsin Pukow Rly. 5%

BritStpd.). Mentsin-Pukow Rly 5% (German @pd.) munive

bearery Nat Defence Bands, 3% 1001 London-Midlands-Scot-

tish 3%

Great Western · Rall- Nat. Bank of India 3%

Way 3%

264

Marsman Investments... 7/6

Western Holdings

7/6

Sub-Nigel

160

Shell Trans & Trad

For furt

32/6

ples

Ready.

Aug. 28 Bettlement

and TIENTSIN

KOBE and OSAKA

SINGAPORE PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All staamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.

KOMILLGENERAL

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 Exchange.

Head Office SHANGHAI Hong Kong Branch:

QUEEN'S ROAD, 0. South China Opleen

CANTON

KONGMOON

SWATOWTOISHANE

SHIUCHOW

KINGOHOW

We also handle the issue of Bonds and other Pablo Funds of the Chinees Government both at Home and Abroad

1940-08-12 — Page 10

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