1940-08-17 — Page 10

Adams Express

£

«COMMODITY · MARKET

REVIEW

Alleghany Steel Co.

Allis Chalmers.......

War Loan, 34% (Red"

after 1952) Janton-K'loon Rly. 5% Chinese 41% Gold Loan

1001

(FROM PAYNE & CO.)

Aluminium Ltd. Amer. Can

American Cyanamid B.

NEW YORK, August 15, 1940.

Amer. & Foreign Power

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

1925-47 ....i

30

SINGAPORE RUBBER

35

Chin. 41% Anglo-French

Loan, 1908

SPOT

44

Chinese 5% Crisp Loan."

OCT./DEC.

JAN./MAR.

Previous August 15

Close Opening Closing Change Buyers

Buyers 37-1/4 37-1/2 37-1/2. 35-7/8 38

36 33-3/4 33-3/4 33-1/2

AmerForeign $7 på.

Amer. Locomotive

Amer, Metals Co.

up 1,4 up 1/8 up 1/4

Amer. Radiator

PAGE 10-HONGKONG" DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

LONDON STOCK EXCHANGE

(KEUTER'S SERVICE)

London, August 15... 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.

47

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

11

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE)

+6

SATURDAY, AUGUST 17, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

· INDIA, AUSTRALIA AND CHINA-

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

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1858

Reserve Funda:

· Paid-Up Capital Sterling

£8,500,000 Reserve Fund

£3,000,000

£1,000,000

£3,000,000

HEAD OFFICE: LONDON:

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

prietars

Proprietors

$20,000,000

Head ofice:—HONG KONG

Board of Directora:

H. V. Wilkinson, Esq.,

Chairman.

رہو

Hon. Mr. J. J. Paterson,

Deputy Chairman,

38, Bishopsgate E.C

Sub-Agencies In London: 117/192, Leadenhall Street, E.0.3 West End Branch:

14/18, Cockapur Street, 8.W 1. Manchester Branch:

18, Moaley Street, Manchester, 2

AGENCIES AND BRANCHES:

HARBIN HONG KONG SANGnon

PENAKO

AUGUST 16, 1940.

Last Bale

STOCKS

"Last: Sale

Aug. 15

Aug. 15

5+

Lockheed Aircraft ...............

24

201

| Loev's Inc.,

24

253*

Loft Incorperated

201

J

*70*

Mack Truck

Inc

218

Martin, Glen L

29

*331

McKesson & Robbins, pl. 201*

1}*

| Montgomery Ward" ....

391

+

14.

M'tain City Copper Co.

J. K. Bousfield, Esq.,

121

National Aviation"

91

A. H. Compton, Esq.,

144:

Mat. Dairy Products

13+

Hon. Mr. S. H. Dodwell,

6"..

National Distillers

201

G. Miskin, Esq.,

ALOE STAR AMRITSAR

» Amer. Rolling Mili ......

10

National Lead........

K. S. Morrison, Esq.,

187

་་

BANGKOK

T. E. Peares, Esq.,

Amer, Sting and Ring Co.

347

Nat, Power & Light

71

C. C. Roberta, Esq.

BATAVIA BOMBAY

ILOILO IPON

SAIGON

BEREMBAN

1012

12

Amer. Sugar Refining

13*

National Supply Corp.......

51

Chinese 5% Reorg. Loan

1913 (Ldn. Is.)

13

Chinese 8 Ster, Notes.

The market was quiet but steady. LONDON RUBBER

Previous close Today's close.

buyers'

Hon. Mr. A. L Shields,

Amer. Tel. & Tel.

1591

New York Central

11

Amer. Tobacco "B"

741

Niagara Hudson Power

Sir Vandeleur M. Grayburn,

!!

1925 (Vickers)

9

SPOT

...... 13-1/8

buyera 13

Change off 1/8

Amer, Waterworks

B+

N. American Aviation

18-

Anaconda Copper

191

North American Co.

188

Chin. Imperial Rly. 5%

SEPTEMBER

13-3/18

13

off 3/16

Atchison, T. & 8, Fe.

143

Northern Pacific

6

Loan

38

OCT.-DEC.

..........

13-1/8

13

off.1/8

Aviation Corp. "..

4

Owens-Tilinois Glass Co. «***

483

Amoy

Hanan Rly 5%

5

JAN./MARCH

12-1/2

Hakuang Rly. 5%. 1911...

APRIL-JUNE

12-1/8

12-7/16 .12-1/16.

oft 1/18

Baldwin Lecometive

14)

Bangkok

Pacific Gas & Elec

29

Batavia

Kowloon Sari

off 1/16

Baltimore & Oblo

34

Packard Motors

3+

Bombay

Kuala

Francisco

(LP. NIT Issue)

12

Market easier in the absence of Interest.""

Barber Asphalt Co.

9**

Pan-American Airways

13+

Calcutta

Lumpur Shanghai

"Hukuang Rly. 5%. 1911

(German Issue)

11

NEW YORK COTTON: Small hedging

sales and

scattered

Barnsdall Oil....

Paramount Pictures

St.

Canton

London

Singapoto

Bendix. Aviation

281

Lung Tsing & U. Hai

are

Rly. 5% 1013

6hai-N'King Rly, 5% ...

12

Ger, %% Inti. Loan, 1924

Tientsin-Pakow Rly 5%

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

(German 8tpd.)........ Tientsin-Pukow Rij. 5%

(Brit. Stpd. Supl, Loan) a Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl Loan) Jap. 6% Ster. Loan, 1824 26

5

2

a lb.

||

Iquidation tone of the market is steady.

NEW YORK RUBBER: It is understood that the Government will buy its scheduled. 150,000 tons. at a price-range basis of 18 to 20 cents

CHICAGO WHEAT: Liquidation again was scattered and support was Umited. Heavy receipts in primary markets were a depressing influence.

being absorbed principally by the trade.

The

Pennsylvania E.R

191

Chefoo

Lyone

Bethlehem Steel

743

Philadelphia Read, Coal

Colombo

Malacca

Sungei

Bliss & Co.

13

r

Phillips Petroleum

Dairea

Manila

Boeing Airplane Co.

13

Pubile Service of N.J.

341

Borg-Warner

151

Pullman Inc......

181

Haiphong

(Johore)

Tientsio

Briggs Mfg.

137

Pure Ofl

74

Earbin

Budd M'facturing Corp.

31

Radio Corpn. of Am.

43

Iloilo

New York Peiping

Canadian Pacifc R'way

3

Reading Company,

Com

121

Case, JI

43*

Remhgton Arms Co., Inc.

41

3

NEW YORK STOCKS: 123.04: Change, up .79.

Previous close, 122.25; today's close,

Celanese

271

Republic Avtation Corp.

42

Chesapeake & Ohio

361

Republic Steel.

164

Chartered Bank

HK, S'hal, Bank (Ldn.

Reg.)

621

HK. & Shai Bank. (Col.

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

Prev. Today's

Chrysler Corps. .... Columbia Gas & Elec. Commercial, Credit Co. Com, & Southern (Ord.) Consolidated Edison..... Consolidated Oil, Continental Can

70%

Revere Corp.

81

51

Reynold Tobac. "B"...

33

30*

Safeway Stores

42

1

Schenley Distillers

97

271

Sears Roebuck

757

6.

Shell Union Off

B

351

Socony-Vacunum · On

8

Reg)

081

Chinese Eng. & Mining

New York Cotton. Oct. ....

(bearer)

18

New York Rubber, Sept.

Chosen Corporation

4

Chicago Wheat, Sept.

Pekin Syndicate ......

2

Chicago Corn, Sept.

High Low Close Close Change 9.32 9.27 9.27 9,29 :02. up

19.62 19.65 19.75

19.65b unch.

721

721 711 601 601 80!

Continental Oll

171

Southern Pacific

71

Copperweld Steel

171

Southern Rly $5 pfd.

171

Curtiss, Wright (C.)

61

Spicer Manufacturing Co.

27*

718 вод

Z off

Curtiss Wright "A"

24

Standard Brands

&

+ of

Deere & Co.

151

Stand Gas & Rec.

11

S'bal ElectConstr. Co.

15

New York Hides, Sept.

8.55 8.47

8.41 8.53

.12 up

Distillers Corpri. Seagram's

16)*

Standard Oil of California

18

Bhal Waterworks "A"

13

Union Insurance

20

NEW YORK COTTON

Close

Opening

Closind

Change

Douglas Aircrafting 69

Standard Oil of NJ. ..............

331

Du Pont de Nemours

132.

Stone & Webster

71

Gula Kalumpong Rubber

13/0

B-A, Tob, (bearer)

73/14

Oct. (New contract) December (

... 9.27/29

9.27/27

9.29/29

.02 up

>

9.25/26

9.25/25

0.28/26

.01 up

Eagle Picher Lead ....................

7+

Eaton Mfg Co.

29

Mercantile Bank

111

January

9.15" N

9.13/13

9.15/15

ynch,

Elec. Autolite

32)

Dunlop Rubber

28/6

March

9.12/13

0.13/13

9.14/14

.02 up

.

Elec. Bond & Share

54

Studebaker Com,

Technicolor

Texas Corpn.

71

Swift-International

17

案

341

Bristol Aeroplane

9/43

May

{

)

8.05/95

8.93b/95a

8.94/94

.01 on

Elec. Bond & Share $5 pt.

61+

Imperial Chemical Ind. 25/10/

July

{

}

8.71/78

8.78/78

8.75/75

Texes Gulf Sulphur

31

.02. off

Elec. Bond & Share $6 pr.

70

| Timken-Axle

23

Hong Kong, 25th Feb., 1939.

United 'Steel

17/11

Spot

9,79 N

$.8in.

,02 up

Elec. Power & Light $7 pf.

321

| Trans-America Co.

43

..Woolworths

55

"

Marsman Investments

8/9

Western Holdings

7/9

Total sales Wednesday:-35,900 bales.

NEW YORK RUBBER

Fintrote

13)

20th Cent. Fox

53*

Gen. American Trans.

46

Union Bag & Paper Corp.

12

Gen, Electric .....

321

Union Carbide & Carbon

681

**

Sub-Nigel

155

Shell Trans & Trad.

September

19.65/65

19.65/64

December

10.16/15

19.15b/5a.

19.65b/70a. 19.23/29

uach.

Gen. Motors

45+

Union Pacific

82

08 up

Gen. Railway Signal

United Aircraft

354

(bearer)

32/0

January

19.07 N

unquoted

19.17n

.10 up

Gen. Tire & Rubber

201

United Airlines Trans ......

151

HEAD OFFICE:

1

Nat Defence Bonda, 3%

1001

March "...

18.25 N

18.00b/10.05% 19.00b/103

.05 up

Glidden Co,.....

12

United Corpm;

17

London-Midlands-Scot-

tish. 3%

121

May

18.75 N°

July

unquoted

18.80m unquoted

.05 up

Goodrich (BF.)

..11

United Corpn. $3 cum pt. · 352

Goodrich $5 pt.

48**

United Gas. Corpa,

IL

"Great Western Rall-

..

Goodyear Tire & Co.

14)

Nat. Bank of India, 3%

way, 3%

+

SILVER MARKET

LONDON SILVER

London, Aug. 15 (Reuter). Suver: Very small bear covering. Market quiet. In the afternoon, the market was quietly steady.

Spat, 23-1/2d.

Forward, 22-11/16d.

BOMBAT SILVER

Bombay: Aug 15 (Reuter). Market-Quiet but steady. Off-

take 20 bars.

Ready

Indian Mint Silver

Aug, 28 Settlement

281

Total sales:-500 tons.

United

Gas Improvement

123

Great Northern Iron Ore

13

US.. Industzuál Alcohol

123

CHICAGO WHEAT

Great Northern Rly, pid:

22

US. Rubber

181

Great Western Bugar

JOI

Interest Rates on Application.

September

721/721

721/721

December

74/741

74/783

May

747/75

712/72 731/731 741/741

of

UA, Rubber $8 pta.

80*

Greyhound Corpm, we

102

UB. Steel

511

SAFE DEPOSIT BOXES

off

Hercules Powder Co...

781"

U

Vanadiuzi

291

• Chief Manager.

Branches:

Johore Rangoon Kobe

Saigos

Saurabaya

Patoni

Foochow Muar Swatow

Bankow Mukden Tokyo

Ipoh

Penang

Tsingtao Yokohama

CURRENT ACCOUNTS opened is LOCAL CURAINOY and FIXED DEPOSIT received for one year or shorter periods in Local and other Our rencies on terms which will be quoted on application.

Atso up to date SAFE DEPOSIT Boxes in various sizes To LT 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.

THE CHASE BANK

18, QUEEN'S ROAD, CENTRAI

18, PIN STREET,

NEW YORK

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

GALOUTTA

AGENCIES: KODE

FAIL LACH

CANTON.. CAW NPC RE CEBU COLOMBO

DELRI HAIPHONG

KUALA

SOURABAYA

LUMPUR, TAIPING KUCHING

MADHAB MANICA

KXW YONI PRIPING

(Peking:

.. TIESTAIN

TONGKA Z

(Bbuket)

·YSINGTAO

TÜEGHANA

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT AC 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 ACCOUNTS also opened in Local Currency and Sterling with" interest allowed at rates obtainable on application.

The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, ou 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 Reservs and Undivided

Profits

5,598,600.00

2,963,281.50

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

Board of Directora: 81B SHOPSON CHоw, Chairman L! Zan Sang, Eng. Li Moon Chun, Eag.. P. K. Kwak, Eng.” Wong Cho Son, kh Wang Inn Tong, Esq. Kan Ying Po, Bag. 'Chaal Ching Shef, Esq. Fung Plug Wah Bag Kax Torg Po, Esq., Chief Manager LI Tax Foxa, Esq., Manager

Limay Badayla

"Branches and Agencies:--:

Boyabay Magia

Caloriza Exiphong

Malbourne

Hankow New York

Part

Penang Bugapore Rangoon Sear

Balgan Ewatom

Sydney

Bas Free

Bestile

deco Tienda

Samazing

CONTES

KARACHI KLANG

SHANGHAI

SINGAPOR

SITIAWAN

sztus kama

MIDAN

HAMBERO HANKOW

I

- Kerricos

London

Roaciala Kobe

International Harvester

391

Priping

Stangkal

Vultee Aircraft

74.

Wednesday's sales:-8,413,000 bushels,

Int Nickel

231

Walworth Ce."

37

Inter. Paper & Power

141

Warner Bros; Flet.

21

CHICAGO CORN

September

December

601/605 551/554

60/1603 60/803 551/550 561/551

1 of

Int. Tel. & Tel. ...... Rentrecott Copper Lakey Foundry & Msc. Libbey-Owens-Ford

21

Westinghouse Mec,

97

28-

Woodward Iron Cor.

25

31*

Girar. 37)

WINNIPEG WHEAT

Chase National Bank National City Bank

281" 221*

October

73‡a

73 a

7318..

December

7412

743&

unch. unch.

-bid.

'I-ez dir.'

NEW YORK HIDES

September

December

8.41/43 6.60/60

8.47/47 8,65b/69a

8.53/53 8.70b/73a

295

.12 up

10

€ €

1939/40

DOW JONES AVERAGE

High Low Dow Jones Averages 156.99 111.84 30 Industrials -26.90*22.15 20 Balis

87.70 18.03 20 Utilities

Aug. 10, 1940 Ang. 14, High Low Close 122.25

123.46 122.73 -12304 26.61 2635 26.43 26.32-

63+06

New York Official 63-06

Sept. 25 Settlement... 03-08

34-3/4 4.02-1/2-

Change

43.000.000

.78 up

Bukaribed Capital

£1,80,000

.11 op

(Paklap Capital sign

£1,060,000

Hoverva Fund and Rast,

+

*

22 22 83.06. 40. Bonds BSBT

87.48

45.59 11 Commodity Inder 40,16

11.95 91.76 2184

.06 87.88.18. up 19.00 20 off Business Done —920,000, shares

up

BANKERS:

This Bank is entirely owned by

ΤΗΝ CHABE NATIONAL BANK New York, with Basource of pred 1.8.89,900,000,000, -

D. M. BIGGAR,

Second Fice Prove

THE MERCANTILE BANK OF INDIA, LIMITED

Head Ofcer-5, Gracechurch Street,

London, EC

Authorised Capital

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

Current Accounts opened in LocalTM Currency and Fixed Deposits" re- ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be |qucted on "application.

SAS EPOBIT BOXES TO LET.

KAN' TONG PO,

Ohiel Manager.

Total sales for the day:-92 contracts.

34-3/4 NY-London Cross Rate 402-134

WEEKLY RETURNS AND REPORTS INDO-CHINA

Public. Depoalta

Other Deposits:

Bankers

Other Accounts

STEAM NAVIGATION COMPANY 1

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

BANK OF ENGLAND

LONDON, August 15, (cuter).

August &

19,340

August 15

30,890

214,090

107,620

48,670

48,780

TO-

Total

'162,680

156,400

Government Securities

167,330

103,710

Other Securities:—

Discounts and Advances

3,180

6,390

Securities

22.124

20.780

Total

28,154

28,150

Notes and Coins

17433

17.270

Bullion

1.100

1,180

Notes in circulation

Ratio of Reserve, to Liakilitlem

B.520

Price of Gold at which holdings are valued... 1887-

€13,010 9.23% 168/

Total

FEDERAL RESERVE SYSTEM

NEW YORK, August 15 (Beuter).

Bulls Bought me

(U9. Beguilen, held

Feders-Reflerts: RAHO:

Monetary Gold Block Thomariat AdTED)..

Aug: 10 (1939) Aug. 9

((000% omitted)

1,000 2,443,000) *2440,000 80.50% 89.30% 2,402,090 2,471,000 18,270,000 20,868,000 11,685,000 8,602,000)

Aug. 15

2,446,000 89.30% 2,495,000 20,889,000

8,045,000

and TIENTSIN

KOBE and OBAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Boosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are lauded.

För further particulars

please apply to

JARDINE MATHESON& Co.,LT TELEPHONE ZOSIL GENERAL MANAGERS

The Bank of England and Midland

Bank, Ltd.

Kuantan

Kunin, Trungging Hada

BRANCHES:

15

Bangkok

Bombay

Jpob Tetua

Onostia

New York

Colombo

Kandy

Delbi

Kamobl

Galle

Kota Bharu

Hongkong

Enn Lit

Howrah

Kuala Lumpur

Penang Hangoon Shanghel

Kirala Singapore

? HONG KONG BRANCH; Bray, dasoriglian of Barking and Xanhange

·bezínes trinaated.

TRUSTEE AND EXECUTORSHIP

"UNDERTAKEN

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

OF CHINA AS-AN

· INTERNATIONAL · EXCHANGE BANK

PAID-UP CAPITAL $40,000,000.00 (BRANONES ALL OVER GRINA)"'— Owing to our numerous Branches in China and connections in the principal Commercial Centres of OURBENT LOCOURTS opened, to tops! Our the World, we are able to extend reacy and TIED DEPOSIES received in Local Currency & STERLING on tarme that may be 0 our Clients special facilities for i saçertained on sy] Hestion.

Domestic and Foreign Banking and D. BENSON...

Exchange

What do

you

"Manager,

tant?

is anything you want to buy or

well, try a small Classified advertise- ment in the Hong- kong, Dally Press.

words $150 prepaid

for insertiona.

"Head Office: SHANGHAI

Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Officers

CANTON

SWATOW

SHIUCHOW

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonda and other Publ: Funds of the Chinese Government, both at Home and Abroad.

CHEN

Manager

SHOU