1940-08-24 — Page 10

Adams Express

£

Alleghany Steel Co.

Allis Chalmers

Aluminium Ltd.

Janton-Kloon Rly. 5%

-101 7

Amer. Can

NEW YORK, August 22, 1940.

American Cyanamid B.

Chinese 41% Gold Loan

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

1925-47

30

SINGAPORE RUBBER

Previous August 22

Close Opening Closing Buyers Buyers

Amer. Foreign Power ...

Change

Amer & Foreign $7 pf.

Amer. Locomotive

35

Chin. 41% Anglo-French

SPOT

37.1/2 37-3/8

Loan, 1908

44

OCT./DEC:

Chinese 5% Crisp Loan,

JAN./MAR..

37-1/2 36-1/2 36-3/8 36-1/2 -34-1/4 34-1/8 34-1/2

unch. unch. up 1/4

Amer, Metals Co.

Amer. Radiator ....

Amer. Rolling Mill

1912

.12

The market was dull,

Amer. B'ting and Ring Co.

Amer. Sugar Refining

Chinese 5% Reorg. Loan

1913 (Ldn. Is.)

LONDON RUBBER

Previous close Today's close

Amer. Tel, & Tel

18

buyers

buyers

Change

Amer-Tobacce="B÷

Chinese 8 Ster. Notes,

SPOT.....

12-3/4

12-5/8

off 1/8

1925 (Vlekers).

SEPTEMBER

−1·2-374-

12-578

Chin. Imperial Rly. 5%

OCT.-DEC.

12-11/16

Loan

38

JAN./MARCH

Honan Ry, 5%

9

APRIL-JUNE

12-1/8 11-13/18

12-9/16 .:12

11-3/4

off 1/16

Amer, Waterworks - Anaconda Copper "Atchison, T. & S. Fe.

Aviation Corp.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, August 22. The following quotations are the, middle prices at the close of the market in London. All quotations are subject to confrmation and no responsibility is assumed for errors In transmission.

War Loan, 34% (Red

after 1952)

PAYNE & CO.

!!

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET. REVIEW

(FROM PAYNE & CO.)

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION -

(REUTER'S SERVICE)

AUGUST 23, 1940.

SATURDAY, AUGUST 24, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000

INDIA, AUSTRALIA "AND CHINA

Issued & Fully Paid-Up 850,000,000 | Incorporated by Royal Charter, 1859

Reserve Funda:

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

£3,000,000 ..::£3,000,000

H.K. Currency Reserve $10,000,000 Reserve Lisbility of Fro- Reserve Tability of

prietors

£3,000,000 HEAD OFFICE: LONDON:

Chairman.

38, Bishopsgate E.0.2. Sub-Agencles In Lendon: 117/122, Leadenhall Street, E.C.3 West End Branch: 14/18, Cockspur Street, 8.W 1 Manchester Branch:

52, Mosley Street, Manchester, R AGENCIES AND BRANCHES:

ALOR STAB AMRITSAR BANGKOK

BATAVIA BOMBAY

CALOUTTA

HARBIN BONA KONG ILOILO IFON

PENANG

MANGOON BATCON

SEBIMBAN

TARACH!

SHANGHAI

SINGAPOR

SITIAWAN

SOULABATA

KLANG

AGENCLES: KORE

"CEIVE SIRKEY" KUALA

FAIL PLACE

—————-LUMPUR-- - TAIPINO-—~~

Sterling......

"Last Sale -

STOCKS

Last Sale

Proprietors

$90,000,000

Aug. 22

Aug. 22

47

Lockheed Aircraft

261

Head Office:-HONG KONG

214

Loew's Ine.

24

32

Loft Incorperated

211

75

Mack Truck Inc.

214

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

94*

Martin, Glen L.

307

333

McKesson & Robbins, pfd. 21′′

Hon. Mr. J. J. Paterson,

it

Montgomery Ward

42

Deputy Chairman.

151

M'tain City Copper Co.

31

J. E. Bousfeld, Esq.,

13

National Aviation

10

A. H. Compton, Esq.,

147*

|Nat. Dairy Products

13

Hon. Mr. 8. H. Dodwell,

61

National Distillers........ 201

G. Miskin, Esq.,

103

National Lead

K. S. Morrison, Esq.,

178

T. E. Pearce, Esq.,

373

Nat, Fower & Light

8

C. O. Roberts, Esq.,

13

National Supply Corp.

51

Hon. Mr. A. L Shields,

1804

New York Central

118

744

Negara-Budson Power

B

N. American Aviation.

167

Sir Vandeleur M. Grayburn,

Chief Manager.

CANTON

204

North American Co.

19

Branches:

CAWNPORE

KUCHING

151.

Northern Pacific „

MADRAS

41

| Owens-Illinois Glass Co. ..

50

Amoy

Johore"

Baldwin Lecometive

15

|Pacific Gas & Elec.

281

Bangkok

Kobe

Rangoon Saigon

་་་

COLOMBO

MANILA

DELUL

MATAN

TIENTALK

TONGKAH

(Bhuket)

TAINOTAQ

Bukuang Rly 5% 1911

(LP, NY. Issue)

"Batavia

Kowloon "SAT

"12

The market was dull.

Baltimore & Ohio

3+

Packard. Motors

33

Bombay

Kuala

Francisco

Hukuang Rly. 5%. -1911

German Issue)

Lung Tsing & U. Hai

NEW YORK COTTON: There was moderate hedging today and further de- demand was small, with interest generally awaiting velopments in Washington,

Barber Asphalt Co. Barnsdall Ou

91

Pan-American Airways

137

Calcutta Lumpur

Shanghai--

8

Paramount Pictures

51

Canton

London

Singapore

Bendix Aviation

301

Pennsylvania. R.R.

20

Chefoo

Lyons

Sourabaya

Rly. 5% 1913

8

S'hai-N'King Rly. 5% ...

12

Tientsin-Pukow Rly. 5%

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

8

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

8

the the easiness of NEW YORK RUBBER: Prices reflected primary markets and local hedge-selling against shipment purchases, CHICAGO WHEAT: The substaining influence of the loan is be- ginning to make self felt and this should result in an irregularly gardening trend. We would accumulate on dips.

Bethlehem Steel

781

Philadelphia Read, Coal

Colombe

-Malacca

Sungei

Bliss & Co.

131

Phillips Petroleum

32

Dairen

Manila

Boeing Airplane Co.

14

Public Service of -NJ.

342

Foochow Muar

Borg-Warner

173

Pullman The....

191

Briggs Mig.

Bankow

Mukden

201

Tokyo

Pure Of

71..

Harbin

New York

Budd M'facturing Corp.

31.

Radio Ocrpn. of Am.

44

NEW YORK STOCKS;

Previous close. 125.07; Today's close,

Iloilo

Tsingtao Yokohama

Canadian Pacific R'way

32

Reading Company,

Com

134-

8

126.46; Change, up 1.39.

Case, FL

491

Remington Arms Co., Inc.

44*

Celanese

1.29

Republic Aviation Corp.

41

Tientsin-Pukow Fly. 5% (Ger. Stpd. Supl. Loan)

Chesapeake & Ohlo

304

B

Jap. 8% Ster.. Loan, 1924 30

Ger. T% Intl Loan, 1824 5 Chartered Bank'

6

EK, & S'hai Bank (Ldn

Reg.

621

H.K. & S'hal Bank (Cal.

New York Cotton. Oct.

New York Rubber, Sept.

Regi

681

Chinese Eng. & Mining

Chicago Wheat, Sept.

71

· 70%

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

Frev... Today's High Low Close Close Change 9.29 9.24 9.28 9.24 .04. off 19.45 19.40 19.50 19.44b .08 off

Continental Can.....

Continental Oil

Repubila Steel

171

Chrysler Corpn..

74

Revere Corp...a

91

Columbia-Gas"&-Eleò,

-52

Reynold-Tobat. "B

-35

Commercial Credit Go......

312

Safeway Stores

44

Com, & Southern (Ord.)

11

Schenley Distillers

91

Consolidated Edison

28+

Sears Roebuck

79

Consolidated ou

6

Shell Union Oll

ᏰᏗ .

381

Socony-Vacunum O

83"

(bearer)

16

Chicago Com, Sept.

61

Chosen Corporationi

4

New York Eldes, Sept.....***

8.25

GOR 7.95

701 61

..70$ 601

up

184

Southern Pacific

$1

off

Copperweld Steel

181

Southern Rly $5 pfd.

181

8.07ь 8.21

.14' up

Curtiss Wright (C.)

71

Spider Manufacturing Co. 28*

Pekin Syndicate

2

S'hal Bec. Constr. Col....

15

S'hal Waterworks "A"

13!

NEW YORK COTTON. Close Oct. (New contract)... 9.28/28 December (

Opening

Closing

Change

Curtiss Wright “A”

26

Standard Brands

9.29/28

9.24/24

.:04 of

Deere & Co.

157

Stand Gas & Elec.

9.23/28

9.26/26

Union Insurance

20

Gula Kalumpong Rubber

13/0

January March

}

9.19 N

2.19/19

9.22/24 9.14n

.06 off

Distillers Corpn. Seagrams

174.

Standard Oll of Californila 174

.05 off

Douglas Aircraft

71

Standard Oll of NJ,

341

Da Pont de Nemours

1671

(

:)

9.18/18

9.18/17

9.13/13

.05 off

Stone & Webster...

71.

B-A. Tob, (bearer)

78/11

May

(..)

9.01/01

Mercantile Bank

111

י

July

}

8.81/81

9.00b/01a 8.80/80

Dunlop Rubber

28/9

Spot

9.78 N

8.95/95 8.75n 9.74n

.06 off

Eagle Picher Lead

84-

Studebaker Com.

.06 off

Eaton Mfg. Co.

301

Swift International

.04 off

Elec. Autolite

34

Technicolor

"10*

Elec. Bond & Share..

6

Bristol Aeroplane

9/3

Total sales Wednesday:-35,100 bales.

Texas Corpn.

354

Imperial Chemical Ind. 25/10)..

Elec. Bond & Share $5 pf.

63

Texes Guir Sulphur

314

United Steel ...

17

NEW YORK RUBBER

Elec Bond & Share $6 pf.

714 »

| Timken-Axle

234

Woolworths".

*58

September

29.50/51

19.40b/60a

*

Marsman Investments.

8/9

December

19:15b/199-1915/16

Western Holdings

9/3

January

19.07 N

Sub-Nigel

157'6

March

Shell Trans, M Trad.

May

bearer)

33/14

July

unquoted 18.93b/98 18.85b/95a 18.76 N unquoted

בדים.19

19.44b/45106 of 19:16/1001 up

unch.

Elec. Power & Light $7 pf. Mintkote

36

Trans-America Co.

41

14

30th Cent-Fox.-

52

Gen. American Trans.

464

Union Bag & Paper Corp.

123

18.93b/19.00 18.762 unquoted

Gen. Electric/

33)

Union Carbide & Carbon

72

Gen. Motors

471

Union Pacific

841

Gen. Raliway Signal

11.

United Aircraft

37

Nat Defence Bonds, 3% 100

Gen Tire & Rubber

11

United Airlines Trans

168

Total sales:-830 tons.

SILVER MARKET

LONDON SILVER

London, Aug. 22 (Reuter).

Silver Market featureless and

-quiet-In-the-afternoon, the mar-WINNIPEG WHEAT

London-Midlands-Scot-

tish. 3.

124

CHICAGO, WHEAT

Great Western Rall-

September

Nat. Bank of India, 3%

281

December

way, 3% .......

241

May

CHICAGO COEN

September

81/61

601/601 601/51

December

*957/554 554,551

551/551

ket was very quiet.

October

.73ja

738a

Spot, 23-1-4d.

December

74ja

73ja 748a

unch.

Forward, 22-7/8d.

NEW YORK HIDES

"BOMBAY" SILVER

Bombay, Aug. 22 (Reuter).

September

8.07%

8.10/10

8.21/25

Market Quiet.

Oftake 50 bars.

December

8.23/23

8.20/20

8.30/40

.13 up

Indian Mint Sliver.

Total sales for the day:-169 contracts.

Ready

63-06

New York Official NY-London Cross Rate 4.02-374

04-3/4

34-3/4

Glidden Co.

Goodrich (BF.)

13

United Corpn

11

117

70/701

701/701

702/702

up

717/7272/72}

721/721

up

73/733

737/737

up

5.58

Goodrich $5 pr.

481*

United Corp. $3 cum. pt. 361 United Gas Corpo.

11

Goodyear Tire & Co.....

15:

United Gas Improvement 12

Great Northern Iron Ore „

134

Great Northern Kly, pid

23

Wednesday's sales:-13,470,000 bushels.

US., Industrual Alcohol, мой · 174* US. Rubber

181

Great Western, Sugar

191*

Interest Rates on Application.

US. Rubber $8 ptd,

811

Greyhound Corpn. .....

111*

US. Steel A.

521

SAFE DEPOSIT BOXES

'Patani Swatow

Haiphong (Johore) Tientsin

Ipoh

Peiping. Peuang

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur on terms which will be rencies quoted on application.

ALBO up to date SATE 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.

F. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1938.

THE CHASE BANK ·

16, QUEEN'S BOAD, CENTRAL

HEAD OFFICE:

18, PIKE STRENT,

NEW YORK

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

NEW YORK

(Peking)

TOKOHANA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNT 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 usiness, and claims recovery of British Income Tax overpaid, on terms which may be ascertained ni any of the Agencies and Branches.

H. A. CAMIDGE,

Manager.

BANK OF EAST ASIA, LIMITED

Authorized Capital.....810,000,000.00 Paid-Up Capital..... 5,598,200.00 Beserve and Undivided

Profits

2,83,281.50

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

Li Koor Chua, Lagu P. K. Kwok, Esq. Wang Tan Tong, Esq.

Board of Directors: SIR SHOON Chow, Chairman Li Laur Sany, Esq. Wong Chu Son, Esq. Kan Ying Po, Rag. Chan Ching Shok, Esq, Fang Ping Wah Esq KAN TONG Po, Esq., Chief Manager LI TER FONG, Esq., Manager

Amoy

Eadaria

Branches and Agencies:-

Loudon

Karoon Penang Bingapore Babyyou Востомук

Bwtow

Melbourne Ban Fraz. Bydany

alsoo Tiantain

HAIPHONG HAMBURG HANKOW

PRIPING

off

병명

Hercules Powder Co.

82+

Vanadium

313

of

Int Nickel

International Harvester

40

Vultee Aircraft

7+

261

Inter. Paper & Power

15

Walworth Co....

4

Warner Bros. Pict.

21

Int. Tel & Tel

Kenrecott Copper

Lakey"Foundry & Mac. Libbey-Owens-Ford

27*

Westinghouse Elec.

100)

275

Woodward Iron Cor.

251*

34

Chase National-Bank

-284*

Glass 391

14. up

National City Bank

24*

•-bid.

*ex. div.

Ang. 23, 1940

125.07

20.79

21.07

65.67 45.59 -11 Commodity Index 49.40-

Aug. 1, High Low Close Change'

126.97 195.82 128.46 1.39 up 27.13 26.91 27.09 .30 up .31 up 22 35 21.05 22.28 89.05 ·

88.36. 30 up 49.84 24 up Business Done 440,000 shareS

Subscribed Capital

Paid-up Capital ..

Beserve Fund and Rest.”

£3,000,000

£1,800,000

£1,000,000

£1,254,639

This Bank is entirely owned by THE CHAN NÄTIONAL BANI. "Naw ̈York," with Resources of ̋orrå

Ú.8.$2,900,000,000,

D. M. BIGGAR,

Second Vice Pru

THE MERCANTILE BANK OF INDIA, LIMITED ....

Head Offico: 15,, Gracechurch Street,

London, EC.

Authoriset Capital

Relping

Shangha

Every description of Banking and: Exchange business transacted. Losan granted on approved securities. “

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

or shorter periode in Local and Foreign Cur cancies on terms which will be quoted on application.

SAVE DEPOSIT BOXES TO Ld.

KANTONG PO;"

Chief Manager.

Bombay Oligató

Haiphong

Markow Honolulu Kobe

New York Paris

Seattle

Bemarang

GOSYON

BANKERS:

Aug. 28. Settlement--53-04- Sept. 26 Settlement ... 63-04

BROKERS

LOANS

New York, Aug. 22 (Reuter).

Loan on securities to brokers, in New York:-

Week-ended

Week-ended

LONDON METALS

EXCHANGE London, Aug. 22 (Reuter). Tin. Standard, Cash, Middle Week-ended Price, £200-1/4.

17/8/39 15/8/40 29/8/40 Tin, Standard; 3 montha. Middle $525,000,000 $270,000,000 $273,000,000 Price, £260-7/8.

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

LONDON, August 22 (Reuter).

Public Deposits

Other Deposita:-

Bankers

Other Accounts Total

402-3/4

LONDON GOLD

London, Aug. 22 (Reuter).

· Bar Gold. Fine' per oz., 183/-

1938/40

DOW JONES AVERAGE

High Low Dow Jones Averages 155.98 111.8430 Industrials

-36.90 92.15 20. Rails

27.70 18.03 20 Utilition

38 22 63.06 40. Bonda

-

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.,

J

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO:

15"

Aug. 22

30.690

14,540

TO-

107,620

123,370

48,780,

48,600

158,00

172,050

Other Securities:-

Government securities

161,710

151,810

Discounts and Advances

6,300

8830

Becurities

20,760

22,430

Total

26,160

Notes and Coins

#17.270

31,260 21,580

Total Bullion

Notes in circulation

1,180 613,910

Ratio of Reserve to Liabilities

9.23%

1,100 609,590 11:50%

Price of Gold at which holdings are valued

188/..

188/..

FEDERAL RESERVE SYSTEM

NEW YORK, August 22 (Reuter).

Big Bought

Bile

WB. Becurities held

Federal Reserve Natio

Federal Reserve Credit Outstanding.

Monetary Gold Stock Industrial' Advance,

(000's omitted)

1,000

2,423,000 2,448,000

2.440,000 89.20%

80.01% €9.30%

$2,463,000.⠀⠀ 2,495,000 2,492,000

∙18,235,000), 20,889,000

20,800,000

11,815,000 8.543,000

8,581,000

and TIENTSIN...

KOBR and OSAKA..

SINGAPORE, PENANG and CALCUTTA

SANDAKAN-

HAIPHONG

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

For further particularsTM

please apply to

The Bank of England and Midiand

Bank, Ltd. BRANCHES:

Haralds

Bangkok Bombay

(pob Jažas

Colabo

Kandy

Karachi

Kota Bhara

Delhi Guija

Kaala Trengganu Hadres

New York

Pensor

Rangoon

Shanghai

Howrahs Kuala Lumpur Blugapore

HONG KONG BRANCH:~ Brary description of Banking and Exchange- budness tranced.

TRUSTEE AND EXECUTORSHIP DUNDERTAKEN - CURRENT ACCOUNTS opened in Local Car- rency and ·PTERD DEPOS178 ressivad in Logal Currency & STERLING on terms that may be ascertained on api lication.

D. BENSON,

What do

Manager,

you want ?

If there is anything you want to buy or 'sell, ⠀ try Classified

aamall advertise- ment in the Hong- kong Dally Press.

BARDINE MATHESON&Co.,L TELEPHONE KOJIL GENERAL MANAGERS

HESON&Co.,LTD. 25 words $1.50 prepaid

for 3 insertions.

BANK OF CHINA

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

* HANK PAID-UP CAPITAL 840,000,000,00

*(BRANCHES ALL OVER, CHINA) 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 Bong Kong Branch: 4, QUEEN'S BOAD, 0. South China Offlose:

CANTON SWATOW SHIUCHOW

KONGMOON TOISHAN KINGOHOW

We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.

SHOU

CHEN,

Manager