1941-07-10 — Page 10

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

QUOTATION

(RKUTER'S SERVICE)

JULY 9, 1941.

STOCKS

Southern Rly $5 ptd....

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JULY 8, 1941.

Telegraphic

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

N.Y. COMMODITY MARKET

རུ ཀཽ ཚོ གཽ ཪྻ༤ སྨིཾ ཀྐུ རྔོ #ཧྲྰིཚོཙྪམོ ཝཱ

SPECIAL WEEKLY LIST OF

American L'motive $7 pl.

Alantic Gulf and W PI. Atlantic Refining

Auburn Central Mfg. Co.

Barber Asphalt Corp.

Bellanea Aircraft

Callahan Zine & Lead

Climax Molybdenum Co.

Cluett Peabody

Commercial Solvents

Continental Can

Bank Bills, on demand 24 1/8 Credlis, 60 days' sight 24 7/9

Manila-

On demand

Jn Bangkok:---

Market Report

FROM ROZA BROS.

Wednesday, July 9. Silver prices were unchanged yesterday, the quotations remain- ing at 23.3,8 for both Ready and Forward. Silver advice reported the market as being steady. Amer!- at 34.3/4 can Silver was quoted for Spot.

The London/New York cross- rate was quoted at 402.1/2. York/London was quoted at 403.-

1/2

Quiet.

MARKET

STERLING

There were sellers at 1/3 up to September, buyers at 1/3.1/32 for) any delivery.

C. 8. DOLLARS

Total Sales :--Ni

Business done;-312 lots. N.Y. SUGAR No. 4: Sept.........

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London. July 8

The following quotations are the middle prices at the close of the unch. market in London. All quotations 02 up are subject to confirmation and no unch. responsibility is assumed for errors

in transmission.

קון 20,

1,124b/13a

.03 up

Busineas done:-552 lots. NEW YORK COCOA Sept.

1.02/62 Dec

7.73 N N.Y. GREASE WOOL: Dec.

93.7b/93,8a

.16 up

.08 up

Hukuang Rly. 5%. 1911

(German Issue)

Lung Taing & U Ha!

Rly. 5% 1813

s'nal-N'king Rly. 5%.... Tientsin-Pukow Bly. 5%

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

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

(Brit. Sipd. Supi. Loan) Tientsin-Pukow Bly. 5%.

14

12

14

ཤཱ སྐ ༠ཛྱཱ བྷཱུ ཞཱ ༤

10

10

30

THURSDAY, JULY 10, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION -

[

Authorised Capital $60,000,000 -

INDIA, AUSTRALIA AND CHINA Issued & Fully Paid-Up 320,000,000 Incorporated by Royal Charter, 1853

Reserve Funds: Sterling

£6,500,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of

Proprietors

$20,000,000

Reserve Liability of Pro

prietors

$3,000,000 £3,000,000

.£3,000,000 HEAD OFFICE: LONDON:

Head Office: HONG KONG

Board of Directors: Hon. Mr. J. J. Paterson,

W. H. Lock, Esq.,

Chairman.

Deputy Chairman

J, K. Bousfeld, Esq.. A. H. Compton, Eaq., L. J. Davies, Esq., Hon. Mr. 8. H. Dodwell, G. Miskin, Esq.,

K. S. Morrison, Esq..

Hon. Mr. T. E. Pearce, Hon. Mr. A. I Shields, Sir Vandeleur M. Grayburn,

38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3. West End Branch: 14/16, Cookspur Street, B.W.1. Manchester Brauch:

52, Mosley Street, Manchester, &

AGENCIES AND BRANCHES:

ALOE STALL AMRITSAR

BANGKOK

BATAVIA

BOMBAY

Chief Manager. DALCUTTA

Branches!

Johore Rangoon Kobe Saigon

Kowloon San

RANGOON

HUND KONG PENANG ILOILO

IPOH KARACHI

KLANG

KORE

BALOON

BEREMDAN

SHANGHAI

SINGAPORE

SITIAWAN

LUMPUR RUCHING

SOURABAYA

--PAIPING

TIENTSIK

MADRAS

MANILA

AGENCLES: KUALA ÜLIVE ATRESZ FAIRLIE PLACE „* CANTON CAWNFORS CRSU

Francisco COLOMBO

Lumpur Shanghai

Muar

Patsai

Swatow

(Jobore) Tientsin Mukden Tokyo New York Tsingtao Peiping Yokohama Penang

DILITI HAIPHONO

HANKOW

MEDAN

TONGKAH

(Bhuket)

THINGTAO

YOKUHAMA

NEW YORK PEIPING

(Peking) FOREIGN EXCHANGE and General Banking Business transacted,

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

SAVINGS ACCOUNTs also opened is CURRENT ACCOUNTS opened in Local Currency and Sterling with LOCAL CURRENCY and FIXED DE- interest allowed at rates obtainable POSITS received for one year or on application. shorter periods in Local and other

The Bank's Head Office in London Currencies on terms which will be undertakes Executor and Trustee quoted on application.

business, and claims recovery of

SAFE DEPOSIT BOXES of British Income Tax overpaid, on various sizes to let

terms which may be ascertained at any of the Agencies and Branches, W. B. EVANS THOMAS,

Manager.

TRUSTEE and EXECUTOR

business undertaken. Hongkong, 26th February, 1941.

HONGKONG SAVINGS

BANK

(REUTER'S SERVICE)

Jo London:

STOCKS

Last Sale

Last Balc

July #

July 8

3dams Expresa

BA

26

Alleghany Steel Oo.

24

Spicer Menzfacturing Co

37

Ən Shanghai:-

New York Cotton, Oct, New York Rubber, Sept. New York Hides, Sept. Chicago Wheat, Sept. Chicago Corn, Sept.

New York, July 8. Prev High Low Close Change

15.12 15,45 15.10 15.27 18 up 21.15b

21.150 unch. 14.12b 14.35 14.20 14,90% 18 up 106 108 1074 1077 1 up

70ka 787 761 764

up

Allis Chalmera

308

Standard Brands

в

On demand

160

N.Y. COTTON

Amier Can\

861

Standard Gas

Elec.

晋

Ja Singapore:-

Closing Ranges Changes

American Cyanamid B

391

Standard Ol of NJ.

434

On demand

62 3/4

July

15.06 N

Amer & Foreign Power

Studebaker Com

11 up

57

In Japan:-

Oct.

16,27/28

15 up

Amer & Foreign $7 pf. Amer, Locomotive Co

201

Swin International

On demand

108 1/4

Dec.

15.37/38

15 up

148

W'echnicolor

Jn India:-

Jan

15.38 N

18 ap

Amer, Metals

181

Texas Corpo

Telegraphic

Transfer

Amer Radiator

82

Trans-America Co.

and demand

Jaz 6/6

Mar.

15.40/46

17 up

May

15.46/48

.19 up

Amer. Rolling Mil

15

20th Cent Fox Film, Com.

On New York:---

Monday's sales:-148,500

bales.

Amer. S'ting and Ring Co.

494

Union Bag & Paper Cory

N.Y. BUBBER:

Amer Sugar Refining

177

Onlun Pacific

Sept

Amer. Tel & Tel

169

United Aircrafį,

On Batavia-

Dec

Amer. Tobacco "B"

712

United Airlines Trans

On demand

15 1/4

Mar

21.16b/23a 21.12b/20a

20.80b

Amer Waterworks

41

United Corps

Ja Paris:-

Anaconda Copper

291

Atchison, T. & 9 Fe..

30

United Corpn. 59 cun pi. United

Gas Improvement

Bank Bills, on demend Noi. Credits 4 months' sight Nom.

NEW YORK HIDĖS:

£

Aviation Corp.

34

9.5 Rubber

Jn Saigon:-

Baldwin Locomotive Co.

103

U.S. Steel

. On demand

104 1/2

Baltimore & Ohio

33

Vanadium

Barnsdall Of

10A

Vultee Aircraft

48 1/4

July

Bendix Aviation

39

Walworth Co.

Sept

Bethlehem Steel

701

Warner Bros. Pict

On demana

44 32

Dec.

Bliss & Co., EW. (com.)

181

Westinghouse Elec,

Jp Sterling Notes:-

Munday's

Sept.

14,30b/35% Dec.

........... 14.30/30 Total sales:-22 lota CHICAGO WHEAT-

1062/1067 2 up 108/1072 iH up 109/109) 1 up sales: 14,550,000

38 up 18 up

Boeing Airplane Co.

172

Woodward Iron Cor.

Bank Buying Rate

Borg-Warner

194

Chase National Bank

311*

dar Silver per os

Now. 23 aja

War Loan, 3% (Red.

after 1952)

105-1/16 Defence Loan, 3%..... 1001 Canton Kioon Rly. 5% 9 Chinese 44% Gold Loan

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

1925/47

A mey

Bangkok

Batavia

42

Bombay

Kusla

Calcutta

Canton

London

45

bushels.

Chafoo

Lyons

Chin, 44% Anglo-French

Singapore Sourabaya

Colombo

CHICAGO CORN:

Malacca Sungei

Loan, 1900

42

Briggs Mfg. Co.

201

National City Bank

Dairen

Manila

277*

July

Budd M'Tacturing Corp

40

Libby, MeNell

Sept.

Canadian Pacific

41

Dec.

743/743 764/766 79/787

up

Chinese 5% Crisp Loan

Foochow

up

1912

27

Haiphong

up

Celanese Corp.

241

Chesapeake & Ohko

373

CLOSING STOCK

Chrysler

Daj

Alasada Juneau

Columbia Qas & Elec.

22

Commercial Credit Co

251

Assed. Gas & Elec. 5% Pt

Com, & Southern (Ord.)

9/16

NEW YORK LARD; Sept.

10.87/85 Dec

11.17/15 N.Y. BLACK PEPPER: Sept Dec

Chinese 5% Reorg. Loan

1913 (Ldn. Is.)

Hankow

30

Harbin

.20 up

Chinese 8% Ster, Notes

1925 Chin. Imperial Rly. 5%

Iloilo Ipoh

(Vickers)

7-9

5.85b/87a 5.95b/98a

28 up 28 up

Loan

51

Consolidated Edison Co.

181

Honan Rly. 6% 1905

10

Consolidated Ou

61

Atlas Corp..

Copperweid Steel

18

N.Y. COTTONSEED OIL: Sept. Dec

Hukuang Riy. 5%. 1911

12.20/20

1,54 up

(L.P. N/Y Issue)....

12.05/05

1.51 up

Ourtiss Wright (C.)

91

Distillers Corp. (SeagramA)

158

Bath Iron Works

Douglas Aircraft

75

N.Y. SUGAR No. 8: July New

Sept

2,53b/54a 264h559

.01 up

unch

Du Pont de Nemours

159

Eagle Picher Lead

IN

Case (J.I.)

Elec. Autolite Ce

28#

Elec Bond & Share

2*

Elec, Bond & Share 25 pl.

533

Elec Bond & Share $0 pt.

581

Elec Power & Light $7 pf.

36

Continental Oll

fisrthote

15-1

Gen. Electric

337

Cora Products Refining

Corn Products 7% Pid.

Gen. Motors

391

Coty Inc.

Gen. Railway Signal

15

Coty Int.

11/16

Gen. Tire & Rubber

114

Goodrich (B.F.)

15

Goodyear Tire & Rubber

18A

Great Northern Iron Ore

162

Great Northern Rly, pfd

27

Gen, American Triple.

Great Western Sugar

25

Gudden Co.

Inter. Nickel

28

Goodrich $5 pfr.

Inter. Paper & Power

17

Great Lakes Dreged

Int. Tel. Tel. (Fon Ig

21

Greyhound Corp.

Johnemanville

68

Int. Harvester

Kennecott Copper

384

Gibbey-Owens-Ford

Glass 301

Lockheed Aircraft

37

Loew's Inc

30

Nat Gypsum

Martin, Glen L, Co.

30

Nat, Lead Co.

35

*

137

National Distillers

234

Opening

Closing

Nat, Power & Light

-63

Public Service of NJ.

Spot

0,3-3/16

0/3-3/16

National Supply Corp

71

Ryan Aeronautical Co

July

... 0/3-3/16

0/3-3/16

New York Central

13

Sears, Roebuck & Co.

Aug.

0/3-1/16

073-8/16

Niagara Hudson Power

24

Southern Rly.

N. American Aviation

U.S. Dollars

15

Sperry Corp.

North American Co. (New)

121

Standard Gas & Elect.

Spot

$5-3/16

$5-3/16

Northern Pacific

ጌ

Standard Oll of Gallf.

July

Packard Motora

22

Aug.

5-3/16 5.3/10

Paramount Pictures

11A

Pennsylvania R.R.

241

Phillips Petroleum

444

Pullman Ine

28

10

Radio Corpn. of Am......

3

Un Carbide & Carbon

Reading Company,

Com

174

United Gas (common)

Remington Arms Co., Inc.

Un. Light & Pwr, "A"

Republic Aviation Corp. ...

4

UB. Ind. Akoboj

Republic Steel

20

US Realty & Imp.

Reynold Tobac. "B"

332

US, Rubber 8% pfd.

Schenley Distillera

13#

US. Smelt, Ref. & M.

Sheil Union Oil

151

Y"stown sheet & Tube

Sacony-Vacunum Ofi

BA

Royal Bank of Canada

Southern Pacific

121

DOW JONES. AVERAGE

July 9, 1941.

July. 7, High Low Close

128.16 188.00 180.07 197,84

1.48 up

Bonda

28.98 16.14 91,23

29.40 29.05. 29.05 18.42 18.17 18.17 91.48

Commodity Index] 73.05

JAPAN TIGHTENING

"FINANCIAL BELT

Montgomery Ward National Aviation Nat Dairy Products

Pure Ou

1941

High Low Dow Jones Averages

138.60 110.80 40

20.75 28.54 20 80.85 17.22 15 91.10, 89.58 40

73.57 55.46. 11

Industrials Rails Utilities

Curtis Wright Corp "A"

Deere Co.

Distillers Corp. (Seagrams)

Eaton Mfg. Co.

Mack Trucks Inc.

McKesson & R., $3 pfd.

Mountain City Copper

Pacific Gas & Elect.

Pan-A'can Airways

Piper Aircraft

Pburgh Coke & Iron

Stone & Webster Texas Gulf Sulphur Thompson Products Tidewater Assed. Onl Timken Detroit Axle Co.

Twin City Rapids

གཞིནཝཡོཎྞཱཊྚô, ཙིདྷོ །ཐྰཨྰཿཧྲྰིཧྲྰིཧྲྰི ཨྰཿཊཿ3a༐ཧྲྰིབྷཱརྨཱརཱཙཱརཱཧྲྰི#ཨྰཿཨྰཿཀྰ་ཨྰཿཀྰe8སྒཀྰཙྪམྩོ⌘།རྨཱ©གྲྀE༧Ä=ཚོ ཱཿཚོཙ

Change

There were sellers at 24.7/18 for near and forward, buyers at 24.1/2 for Cash

the

--

SHANGHAI DOLLARS Business was done early in morning at 472. Subsequently the selling rate gradually receded and towards the close there were sell-

ers at 469, buyers at 470 for Spot

SHANGHAI MARKET Qulet, There were cellers of Ster- U. 8. ling at 3.3/16 for Spot, and Dollars at 5.3/16 for Spot.

Shanghai Exchange

Shanghai, July 0 (Revter).

Sterling

5-3/16

5--3.18

Sellers

Market:Quiet but steady.

Calcutta Exchange

Calcutta, July 8 (Reuter).

TT on Japan, 81-1/2

India Rupee Paper

Bombay, July 8 (Reuter). Govt. 34% Rupee, 96-0-0.

SILVER MARKET LONDON SILVER

London, July 8 (Reuter). Silver:-8mal) trade demand

satisfied from production quarters.

Market steady.

Spot, 23-3/8d..

Forward, 23-3/8d.

BOMBAY SILVER

Bombay, July B (Reuter).

.07 ap .03 up .23 up 73,68 01 up Market--Steady. Offtake 50 bars, Business Done: 360,000 shares

CHINESE EXPORTS

TIENTSIN, July @ (Reuter)—

Indian Mint Bilver Ready...

July 19 Bettlement

63-00-0 62-16-6

Aug. 18, Settlement... 62-14-0

SHAREBROKERS

ASSOCIATION

TOKYO, July 9 (Reuter)-Japati Local merchants understand - HONGKONG is tightening her financial belt. ports from North China including Following the meeting of the furs and osź products shipped in Cabinet yesterday 16' was announb-Japanese ships to the United ed that owing to the "growingly bates have boon unloaded at tense international situation” the Kobe where they will remain för. “Bauget": for the next financial the present,

Volume of Business Transacted on Wednesday, July 9, 1941,

SALES

year, 1942-43, would be compiled It is not known how the goods, "with the greatest struse aid on will be transported from Japan China Providents tightening of Japan's war food-in view of the measures governing HK Tramways

ing.

New demands would be timited bottemus indispensable to expecta- tton of national polley and beti- matas already approved would be reviewed and drastically curtailed.

Japanese shipping.

LONDON GOLD

London, July 8 (Reuter), Bar Gold Fine per or, 188/

Hopes ... HK Hotels HR Landa

500 $ 8.85 50017.26 500 8.80 8.60 2005 35.80

2,000 The total value is 124,800.00%

H.K. Stock Exchange

Wednesday, July 9. BUYERS

H.K. Bank, $1,360. Bank of East Asia, $72. Indo-Chinas (Pref.), $80. Providents, $5.85. Hotels, $3.35. Lands $35.25.

Realties, $3.20.

Chinese Estates, $100. Trams, 317.35. Lights (Old), $5.85. Lights (New), $135. Electrics (Old) X. Rts., $22. Electrics (New), $21. Macao Electrics, $18.23. Telephones (Old) X.D. $22,50. Telephones (New), X.D., $8,00. Cements, $14,80.

Ropes, $8.09.

Dairy Farmas, $19,

SELLERS

, Docks, $16,80.

Providents, $6. Lauds, $35,75. Lights (Old), $6.

Telephones (New) X.D, $9.10. Watsons, $11

SALES

Canton Ins $230.

Providente, $5.85/90. Lands, $35/4 -Trams, $17.25

Sandakan. Lights, $12,25,

Ropes, $8.00.

(Ger. Stpd. Supl. Loan) Jap. 6% Ster. Loan, 1924 28-341 Ger. 7% Intl, Loan, 1924 44 Chartered Bank H.K, * S'hal Banking Corp. (Lán, Reg.)..... HK & S'hai

Banking

Corp. (Col. Reg.) ...... Chinese Eng. & Mining

(bearer)

Chosen Corporation

Mercantile Bank of In

dia, -£5. "C

Pekin Byndicate

S'hal Elec, Constr. Co, S'hai Waterworks "A" Unlon Insurance

Bristol Aeroplane

* * * 3 **85

The Business of the above Bank in conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules may be ob-

tained on application.

For the HONGKONG & SHANGHAI BANKING COMPORATION.

V. M. GRAYBURN,

Chief Manager.

Hong Kong, 26th Feb., 1939.

THE CHASE BANK

B, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE SILENT,

NEW YORK.

Au American Bauk offering com- plete Foreign Banking Service in the principal Markets of the world.

SAFE DEPOSIT BOXES

22

Gula Kalumpong Rubber Lon. Mid, & Scol., Rly. 141 Great Western Rly.

15

361

National Bank of India

31

B-A, Tob. (bearer) Dunlop Rubber

B3/9

34/6

10/0

Imperial Chemical Ind. 32/74 United Steel

Woolworths

Marsman Investments

23/7 53,104 5/75

Western Holdings

14/-

Sub-Nigel

138/9

Shell Trans. & Trad.

(bearer)

45/-

12th June 1911

* bid,

i ex div.

LONDON METALS

Tin,

EXCHANGE

London, July 8 (Reuter).

Standard. Cash. Middle

Price, £257-1/2.

Tin, Standard, 3 months, Middle | Price, £260-7/8.

This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over 0.8.$.3,800,000,000,

D. L. BALLANTYNE.

Manager.

WANT ADS are Seen!

INDO-CHINA

STEAM NAVIGATION COMPANY ITO

Operating Services for Cargo and Passengers

TO

'SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBR and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers borth alongside the Roosevelt. Terminal ita the French Concamion at Shanghai, where passengers and cargo are landed.

For further particulars

BANK OF EAST ASLY LIMITED

Authorised Capital ...$10,000,000.00 Paid-Up Capital ...... · 5,608,600.00 Reserv and Undivided

Profits

2,983,901.60

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

Board of Directors: HON. SIA SHOUSON CHOW, Chairman. Li Koon Chan, Esq. Li Lau Sang, Esq.

Kwok, Esq.

Wong Cha Bug, Deg. Wong Yan Tong, Esq. Fung Fing Wah Esq.

P.

KAN TONG Po, Esa, Chiet Manager HON. ME. LI THE FONG, Manager

Branches and Agencies:-

Kowloo Loudon

Ред dingepere Hangoon Sourabaya Mahila - Balgon Swadow..

Melbourne Ren Fran- Sydney"

Batavia Boby Calenta

Hatphong

Bankow al Sobe

New York

Party

Shangha

"Nagalaka

Felping

leop Tientela cattle: Varoogver

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

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

SATE DEPOSIT Boxes To La

KAN TONG PO,

Chief Manager.

BANK OF CHINA

1 Specially Chartered by S THE NATIONAL GOVERNMENT

OF CHINA AS AND

“INTERNATIONAL EXCHANGE

COG BANK- PAID-UP CAPITAL 240,000,000,00 (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 Cliente, special facilities for Domestic and Foreign Banking and Exchange,

pantone

Head Office:-SUANGHAT

Hong Kong Branch SAMO QUEEN'S ROAD L.

CANTON

BHTUCHOW

Offices CONGMOON

INGO

We also handils the sue and other Public Fund

and Abroad:

SHOU CHEN!