1941-07-17 — Page 10

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

JULY 16, 1941.

407

MONEY AND EXCHANGE

JULY 18, 1941.

> London-

Telegraphic Transter. 1/2 7/8 Bant Bills, on demand 1/2 7/8 Credits 4 months' sight

Credits 4 months' sight Nom.

Market Report

this morning. American Silver wâs quoted as 343/4 for Spot

THURSDAY, JULY 17, 1941.

BANKS

N.Y. COMMODITY MARKET HONGKONG & SHANGHAI THE CHARTERED BANK OF

(REUTER'S SERVICE)

New York Cotton, Oct.... New York Rubber, Sept............. New York Hides. Dec, Chicago Wheat, Sept. Chicago Corn, Sept. N.I. COTTON

Closing Ranges Changes

15.75 N

24 up

15.93/93

.23 up

14,05/05

21 up

16.06/06

.20 up

16 14/14

24 up

16.14/14

22 up

Monday's sales:-149,900 bales

New York, July 18, Prev Eigh Low Close Change 15.70 15.94 15.72 15.03 23 up 21.51b 21.70 21,60 21,70 19 up

1054 1051 1018 106 unch.

750 751 75 75ta

ton

LONDON STOCK EXCHANGE

(REUTER'S BERVICE)

Loudon, July 15. The following quotations are the middle prices at the close of the market in London. All quotallone Fure subject to confirmation and no responsibility is assumed for errors in transmisSTOR.

==

BANKING COFPORATION

Authorised Capital... $50,000,000

Sterling

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up 820,000,000 Incorporated by Rognl Charter, 1855

Resorve Funds:

£6,500,000 Paid-Up Capital £3,000,000 H.K. Currency Reserve $10,000,000 Reserve Fund...........£3,000,000 Reserve Liability of

Reserve Liability of Pro- Proprietora

prietors.

$20,000,000

Head Office:-HONG KONG

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

W. H. Look, Esq.,

Chairman Deputy Chairman.

J. K. Bousfield, Esq., A. H. Compton, Esq., L. J. Davies, Esq.,

Hon. Mr. S. H. Dodwell, G. Miskin, Esq.,

K. S. Morrison, Esq., Hon. Mr. T. E. Pearce, Hon. Mr. A., L. Shields, Sir Vandelbar M. Graybars,

Ühist Manager.

£3,000,000

HEAD OFFICE: LONDON:"

38, Bishopsgate E.C.2.

Sub-Agencies In London: 17/122, Leadenhall Street, E.03. West End Branch: 14/18, Cockapur Street, 6.W.1. Manchester Brauch:

6, Mosley Street, Mansheater, 2

AGENCIES AND BRANCHES:

HONG KONG PENANG ILOILO

IPOH

ALOK STAR

AMRITSAR

BANGHUK

BATAVIA

BOMBAY

CALOUTTA

KARACHI

KLANG

KOBE

AGENCIES: KUALA

LATE TREIT FALLIN PLACE Rangoon CANTON Saigon CAWNPORE Son

CEBU

LUMPUR

KUCHING

MADRAS

MANILA

Francisco COLOMBO M&DAN

HAIPHONG

Sourabaya HANKOW

Patani Swatow (Johore) Tientsin Mukden

Tokyo

New York Tsingtao

Yokohama Peiping

Penang

RANGOON

·SAIGON

SEREMBAN

BUANGHAL

SINGAPORE

SITIAWAN

HOURABAYA

TAIPING TIENTSIN

TUNOKAK

(Bhuket)

TSINGTAO

NEW YORK YOKOHAMA PEIPING

(Peking)

FOREIGN EXOHANGE and General Banking Business transacted,

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

SAVINGS ACCOUNTS also opened in CURRENT ACCOUNTS opened inLocal Currency and Sterling with LOCAL CURRENCY and Fix De-interest allowed at rates obtainable 208118 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

SAFE DEPOSIT BOXES various sizes to let.

business and claims recovery of of British Ineoins Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches

W. H. EVANS THOMAS,

Manager.

TRUSTEE and EXECUTOR business undertaken. Hongkong, 26th February, 1941.

STOCKS

Laat Gale

STOCKS

Last Sale CLOSING QUOTATIONS

July 14

July 14

adame Express

81

Southern Rly $5 prd, ......

274

Alleghany Stoel Ob.

23+

spicor Manufacturing Co

37)

Alis Chalmers

31

Standard Brands

6

Amer. Can.......

981

Standard Gas & Elec.

102

American Cyanamid B

Standard Oll of NJ.

434

Amer. & Foreign Power

}

Studebaker Com

51

Jo Shanghai:---

On demand

Amer Amer, Locomotive

& Foreign $7 pf

20

Swift International

21

450

July

Ja Singapore:

.

14)

Technicolor

Oct,

On demand

Amer. Metals

184

Texas Corpn. ....

43

52 3/4

Dec.

Amer Radiator

Trans America Co

44

On Japan:-

On demand

Jan

Amer Rolling Mill

142

20th Cent Fox Film, Com

108 1/4

6#

Mar.

Amer. B'ling and R'ing Co.

44)

Union Bag & Paper Corp

12

Ju India:--

May

Amer Sugar Refining

171

Union Pacific ....

82

Telegraphic

Transfer.

182 6/9

and demand

Amer. Tel, Tel.

158

United Aircraft

434

On New York:-

Alter, Tobacco "8"

72

United Airlines Trans

111

Amer. Waterworks

5

Baited Corpu

惟

Anaconda Copper

29}

United Corpn. $3 cum pl

Bank Billa, on demand 24 1/8 Crediis, 60 days' sight 24 7/6

N.Y. RUBBER:

Sept

234

Jo Batavia:-

Dec.

Atchison, T. & 8. Fe

291

United

Gas Improvement

7

On demand. 46 1/4

Mar.

21.70/70 21,500/000 21.30b

19 up .15 up 10 up

Aviation Corp.

32

U.S. Rubber

241

B

J PAT:

Baldwin Locomotive Co.

161

0.5. Breel

BA

Bank Bills, on demand Nom,

Baltimore & Ohio

$&

Vanadium

26

Barnadal O

10

Vultec Aircraft

On Saigon:-

Bendix Aviation

381

Walworth Co.

5

Total sales:-200 tona.

NEW YORK HIDES:

Deo

War Loan, 34% (Red.

after 1952) Defence Loan, 3%

On demand

104 1/2

Bethlehern Steel

761

Wamer Bros, Piet.

41

In Manila:-

Bliss & Co., EW. (com.)

18

Westinghouse Elec,

961

On demand

48 14

Boeing Airplane Co.

101

Woodward Iron Cor.

28

14 30b/38u Total sales--24 lots. CHICAGO WHEAT-

105-1/16 ........ 100-15/18 02 up Canton-K'loon Rly. 5% Chinese 41% Gold Loan

1898 (Brit. Issue) Chinese 5% Gold Bonda

Branches:

Amoy

Johore

Bangkok

Kobe

Batavia

Kowloon

43

Bombay

Kuala

Calcutta

Borg-Warner

194

Chase National Bank

On Bangkok:~~

Lumpur Shanghai DELUI

31**

July

On demana

149 1/2

Briggs Mfg. Co.

20

National City Bank

27*

Sept.

On Sterling Notes:--

Budd M'facturing Corp

41

Libby, MeNell

Dec,

Bank Buying Rate

Canadian Paciic

4)

Celanese Corp.

251

SPECIAL WEEKLY LIST OF

Bar Bliver per os

Nom 23 1/4

Chesapeake & Ohio

387

CLOSING STOCK

Chrysler

561

Alasada Juneau

4

Monday's bushels.

CHICAGO CORN:

1037/1037 unch. 1053/1058 unch, 187/1071 umch. sales: 12,984,000

1025/47

45

Canton

London

Chin, 44% Anglo-French

Chefoo

Singapore

Lyons

Loan, 1908

43

Colombo

Malacca

Sungei

Chinese 5% Orisp Loan

Dairen

Manila

1912

27

Foochow Haiphong

Muar

Chinese 5% Reorg. Loan

1913 (Ldn. Is.)

Hankow

30

Harbin

Columbia Gas & Eloc.

3

American L'motive 37 pf.

947

Commercial Credit Co.

254

Assed. Gas & Elec. 6% Pt.

Cum, & Southern (Ord.

#

Atlante Gulf and W Pf.

34*

FROM ROZA BROS.

Wednesday, July 16.

July

781b/73ga

Sept

of

off Chinese 8% Ster. Notes

(Vickers)

Dec.

78/78

off

1925 Chin. Imperial Rly. 5%

BL

Iloilo Ipoh

Consolidated Edison Co.

19.

Atlantic Refining

231

Bliver prices

were not quoted

Luan

54

Consolidated Oil

#

NEW YORK LARD:

Atlas Corp. .........

71

Honan Riy. 5% 1905

13

Commerweld Steel

161

Auburn Central Mfg. Co.

31

Sept.

Curtiss Wright (C)

9

Barber Asphalt Corp.

94

The London/New

York cross-

Dec.

10.50/50 10.80/80

.02 off

Hukuang Rlý. 5%, 1911

.05 off

(LP. N/Y 1sque).......

14

Distillera Corp. (Scagrams)

163

Bath Iron Works

234

Douglas Aircraft

741

Bellanca Aircraft

341

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

New

N.T. BLACK PEPPER:

Hukuang Rp. 5% 1911

(German Issue)

quoted on application.

12

Du Pont de Nemours

158)

Callahan Zinc & Lead

15/16 1/2

Sept

Eagle Picher Lead

9

Case (JI)

791

MARKET

Dec.

5.69b/77a 5,80b/87a

unch. .01 up

Lung Tsing & V

Hot

Rly. 5%, 1913

10

Elec. Autollte C

277

Climax Molybdenum Co.

380

Quiet

Elec Bond & Share

21

Cluett Peabody

STERLING

N.Y. COTTONSEED OIL:

Elec Bond & Abare $5 pf

531

Commercial Solverits

10

Eler Bond & Share $6 pt.

574

Continental Can

36

Elec. Power & Light $7 pi

35

Continental Off

241

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

Sept

11.58/58

Dec.

11.41/41

13 up 13 up

N.Y. SUGAR No. 3:

shai-N'king Rig. 5%... Tientsin-Pukow Rly, 5%

(Brit Stpd) ........ Tientsin-Pukow Rly, 6% (German Stpd.).........

14

12

12

Fitntkote

k54

Corn Producta Reaning

50

U. S. DOLLARS

Tientain-Pukow Aly, 5%

Gen Electric

331

July

Corn Products 7% Pid.

179

Cen Motora

381

Coty Ine.

4

Con Railway Signal

141

Coty int.....

11,16

Gen. Tire & Rubber

121

Curtis Wright Corp "A"

281

Goodrich (B.F.)

151

Deere Co.

25

No business was reported. There were sellers at 24.9/16 for near and forward, buyers at 24,5/8 for Cashi. Steady.

Sept.

2 Sub/598 2.59b/608 Business done:-124 lots,

02 up .02 up

(Brit. Stpd. Supi, Loan) Tientaln-Pukow Rly: 5%

(Ger. Stpd. Supl. Loan)

12

12

N.Y. SUGAR No. 4:

Goodyear Tire & Rubber...

18

Distillers Corp. (Seagrams)

Great Northern Iron Ore

171

Eaton Mfg. Co.

328

Great Northern Rly, pfd

27

Gen

American Trupts,

531

Great Western Sugar

25%

Glidden Co, ..............

16

SHANGHAI DOLLARS Opened with sellers at 461.3/4 with business done later at 461.1/2. The market closed with sellers

Sept

Dec.

May

1,23b/234a 024 up 1.27+b/28a .03 up 1.324b/338 .04

up Busincas done:-724 lots,

Jap. 6% Ster. Loan, 1924 257-201 Ger. 7% Intl Loan, 1924 4 Chartered Bank

8-15/16

Inter Nickel

201

Goodrich $5 pfr.

65

at 480.1/2. buyers at 461.

Inter. Paper & Power

173

Great Lakes Dreged

140*

SHANGHAI MARKET

NEW YORK COCOA

& S'hal Banking Corp. (Col. Reg.) ..... Chinese Eng. & Mining

804

85

Int. Tel. & Tel. (Fon 19.1

Zi

Greyhound Corp.

12

Johnsmanville

671

Int. Harvester

544

Reinecott Copper

382

Mack Trucks Inc.

Libbey-Owens-Ford

Olowa

301

'McKesson & R., $3 pfd

31

Lockheed Aircraft

261

Mountain City Copper

21

Loew's Inc.

311

Sterling opened with sellers 3.15/64 and closed at 3.1/4 for Spot. U.S. Dollars steady. There! were sellers at 5.5/16 for Spot Qulet.

at

Sept. Dec.

7.44 N 7.55 N

07 off 08 off

(bearer)

Chosen Corporation ......

13/6 4/-

Mercantile Bank of In

N.Y, WOOL GREASE

dia, £5, "0"»

11

Dec.

9$.3/93.3

01 up

Pekin Syndicate

1.

Nat Gypsum

71

Martin, Clen L, Co

20

Nat. Lead Co.

18

NY. Official Silver N.X./London Cross Rate

34-3/4

S'hai Elec. Constr. Co. ...

15/-

408-1/2

S'hai Waterworks "A"

16

Montgomery Ward

30

Pacific Gas & Elect,

24

Linton Insurance

22

National Aviation

83*

Pan-A'can Airways

131

141

Piper Aircraft

43"

National Distillers

221

P'burgh Coke & Iron

7

Nat, Power & Light

az

Publle Service of N.J.

228

(Gala Kalumpong Rubber 15

Lea Mid. & Scot., Rly. 147

Great Western Rly. National Bank of India

38

31

National Supply Corp.

7.

Ryan Aeronautical Co.

31*

London

New York Central

134

Sears. Roebuck & Co.

741

New York

Cash, Middle B.-A. Tob. (bearer)

Dunlop Rubber

85/74

35/-

Niagara Hudson Power ...

21

Southern Rly.

144

Japan

11/-

N. American Aviation ....

347

Sperry Corp.

38

India

Imperial Chemical Ind

32/3

North American Co. (New)

13

Standard. Gas & Elect.

Hongkong

24/-

Northern Pacific

11

Standard Oll of Calif.

23;

Parlo

nominal

Woolworths

Packard Motors

3

Stone & Webster

61

Sterling

Paramount Pictures

11*

Texas Gulf sulphur

37

Sellers

Pennsylvania · R.R.

24/

Thompson Products

291

Phillips Petroleurn

434

Opening

Tidewater Assed. 09

103

Spot

Pullman Inc.........

271

Timken Detroit Axle Co.

33

July

101

Twin City Rapids

19/*

Aug.

Closing 0/3-15/04 0/3-1/4 0/9-15/04 0/3-1/4 0/3-15/04 0/3-1/4

Morsman Investments Western Holdings .......... ¡Sub-Nigel

& Trad.

1 ex div.

54/0 6/7/ 14/- -140/-

45/7+

19th June 1941. ·

Radio Corpn. of Ame num

Un, "varbide & Garlion

771

Reading Company, Doki 17:

United Gas (common)

晉

U.S. Dollars

Remington Arms Co., Inc. : : 44*

Un Light & PWT. “A”

3/10

Spot

Republic Aviation Corp. ...

4

US-Ind Alcohol

26**

July

Republic -Steel

.201

US Realty & Irap

1

Aug.

$5-5/16 5-5/16 5-5/16

Reynold Tobes, WEN

$31

US, Rubber 8% pfd.

97

Schenley. Distillers

121

U.8. Smelt., Ref. & M...

Shell Union, Ofi

Ystown Bheet æ” Trek,

624* 37

Sooony-Vucuntia Oll Southern Paolile

02

Royal Bank of Canada 7

1zł

N.Y: Chic, St. Louis & pf 144

!

DOW JONES AVERAGE

High Low Dow Juos Averages

Nat, Dairy Products

Pure Ou

1941

133.60 126.80 30 Industrials

29.76 36.54 20 Haile

20:05 17.89 16 Utilities

99.19 89.50 40 Bonda

73.86 59.45 11 Commodity Index

HK Stock Exchange

Wednesday, July 10. BUYERS

HI Got A Loan (1988) 2

Cunton ms.. $290,0 EK Tire Ine, $150, Healties, 1925.

Macho, Hidetelly 18.10

Shanghai Exchange

Shanghal, July 16 (Reuter).

Official T.T. Bates

$5-6/18

5-0/32

5-9/32

LONDON METALS

EXCHANGE

London, July 15 (Reuter).

Standard,

Opening

0/3-3/16

Tin,

5-3/16

Price, £257-1//8.

2

17-5/8

21-1/8

Market-Qulet but steady.

Ellver. Duty Rate

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

The Equalisation 24 per cent.

July 14, High Low Close Change Calcutta Exchange 127.6012106, 197,83:128:19- 30-up

.20 up! 20.44 28.80 28.46 20.04

18177 18:50 - 18.7773710 up $16.67 01.47 10 De

91.02 jos up

Calcutta, July 15 (Router). TT on Japan, 81-1/3;

73.86741220 PP India Rupee Paper

Business Dons –100,000 aláren

HONGKONG

SHAREBROKERS

––– ASSOCIATION.

Volume of Business Tranencięd on Wednesday, July 16,

SALES Bank of East Asia ............. 20 $76.00 H.K. Mectrk Rights 121130 H.K. Telephones (0)50-23.00 Yaumata Forries 2490 22,00

827: The total valup is $8,822,00,

Lights" (0), 36.10,

H.E. Banks 01425 / 16,

Bombay, July 15 (Router), Govt. 31% Rupee, 98-0-0,

SILVER MARKET

LONDON SILVER

London, July, 15 (Reuter), Spot, 23-8/ad.

Forward; 23-3/Bd.

BOMBAY SILVER

Bombay, July 15 (Router). Market Blendy. Oftake au Bara,

Indian Mint, Milver

"Bonds

Aug 1860

Sept 17

H.K. & S'hai Banking Corp. (Idn, Reg.).... H.K.

Tin, Standard, 3 montha, Middle Bristol Aeroplane Price, £261-8/B.

Market quiet Demand poor, es- United Stes! pecially for cash.

CONTROL OF PETROL

SYDNEY, July 18 (Heuter) The Shell Trans.

(bearer) Federal Government has decided

• bid. to take control under the Nation- al Security Act of the importa- tion, storage and distribution of petrol thus supplanting the petrol cartél, a

ཤཱལྦ་ཐ་མ་བ་

abate their efforts until stocks Were assured.

Mr. Menzies, Premier, in a The recent decrease in motor- statement said that the Govern- lets rations, is helping to build ment was asking the British and up stocks, but Government was Américan authorities for more not satisfied merely to impose tankers and that they would not more sacrifices on the people,

HONGKONG SAVINGS

BANK

The Business of the above Bank:

BANK OF EAST ASIA, LIMITED

is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Roles may be ab- Authorised. Capital ....$10,000,000.00

tained on application,

For the HONGKONG & SHANGHAI BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1939,

THE CHASE BANK

16, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

واد.

18, PINE STREET,

NEW YORK. Au American Bank offering com-

plete Foreign Banking Service in the principal Markets of the world.

SAFE. DEPOSIT BOXES

This Bank is a subsidiary of Tke Chase National Bank, New York, with Resources of over U.S:8.9,800,000,000.

1. L BALLANTYNE.

- Munager.

WANT ADS Cheap!

INDO-CHINA

STEAM NAVIGATION COMPANYIA

Operating Services for Cargo and Fassengers

SWATOW, BHANGHAI, THINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE PENANG and CALCUTTA SANDAKAN

#HAIPHONG

- All Steamers berth alongmãe

the Roosevelt Terminal in the Fration Cuntsation, st Blangbal where passengers and dargo are landed.

For fur

particulari

Paid-Up Capital

Reserve and Undivided

Profits

5,698,800.00

2,983,861.50

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

Board of Directoren- ¡HON. SI& SHOUSÒN CHOW, Chairman

Li Koon Oban, Esq. P. K. Kwok, E. Wong Chu Bou, Beq.

Li Lan Sang, Eig Wong tun Tong, beg. Fung Ping Wah Ean.

KAN TONG PO, Esq, Chief Manager HON. 'Ma. Li Ten FONG, Manager

Branches and Agencies: my food

Betarla Loudon Boubar Marila

Caloda

Kaptions

Hanote

Fonglufu

Split

Pelplin

drk

Magapore

Swalow

Hangoon

Bkn Fran Bydhar

2.plwoo Fontelä-

Vandunter

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

Catrekt. Accounts opened in Local Currency and Fixed Deposits re- osived for and year by shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.........

SAFE DEPOSIT Boxen 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

CHINA)

Owing to our numerous Branches in China and connections in the principal Commercial Centres of She World, we are able to extend to our Clients special facilities for Domestic and Forfiga Bairing and Exchange Ans

Hold Once-SHANGHAI

Hong Kong Branch

14, QUIEN'S BROAD, C

South China Uffidess

Bank of East Anid, $75