(REUTER'S SERVICE)
Prev High
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept.
15.93
21.70
16.02 15.70 22:00 21 10
15.70 23 of
105
75ga
105 1042
758
76#
22,026 32 up
1041 75+
off
STOCKS
up
Telegraphic Transfer. 1/2 7/8 Bank Billa, on demand 1/2 7/8 Credits 4 months' sight On Shangha
N.Y. COTTON
Adame Express .....
Alleghany Steel Co.
Closing Ranges Changes
Allis Chalmers
July
15 55/55
.20 off
Amer. Can
On demand
450
Oct.
15.70/70
.23 off
American Cyanamid B.
On BingaporE (----
Dec
15.80/80
.25 of
Amer. & Foreign Power
59 3/4
Jan
15.82 N
.24 off
Amer & Foreign $7 pf. ...
On Japan:→→
Mar,
15.84/84
.30 off
Amer, Locomotive CD.
On demand
102 1/4
May
16.80/85
34 DfT
On India:-
Amer, Metais...... Amer. Radiator
Telegraphic Transfer.
and demand
02/0
Amar, Rolling Mu
Amer. Sting and Ring Co.
Sept.
Bank Bills, on demand 24 3/10 Creális, 80 days' sight 24 15/16
Dne Mar
22.02b 21.006/058
21.60b
32 up .30 up 30 up
Amer. Sugar Refining
Amer. Tel. Tel
Amer. Tobacco "B"
On Batavia:--
On demand
45 3/A
On Paris:-*
Bank Bills, on demand No. Credits 4 months' sight Nons.
On Balgon:
14.45/46 Total sales-31 lots.
CHICAGO WHEAT-
Total sales:--100 tons.
NEW YORK HIDES:
Dec.
War
Loan, 84%
(Red.
Amer, Waterworks
Anaconda Copper
after 1952)
105
.15 up
Defence Loan, 3%
........ 100-15/18
Atchison, T. & S. Fe.
On demand
104 3/4
July
48 3/8
Sept.
1034/1034 105/1047
Dec.
100/1068
148 1/2
Tuesday's
gales
4 off # of 1 of
14.420,000
Canton-K'loon Rly 6% Chinese 44% Gold Loan
1898 (Brit Issue) Chinese 6% Gold Bonds.
1825/47
Aviation Corp.
원
Baldwin Locomotive Co.
Baltimore & Ohlu
43
Barnsdall On
Bendix Aviation
45
Bethlenem Steel
Chin. 44% Anglo-French
Loan, 1908
Bliss & Co., EW. (com.)
43
Boeing Airplane Co.
bushels.
Chinese 5% Crisp Loan
Borg-Warner
PAGE. 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND N.Y. COMMODITY MARKET
EXCHANGE
CLOSING QUOTATIONS
JULY 17, 1941.
On London:
On demand
On New York:-
8 8 8 8 5 8 8 8 8 8
Manila:-
On demand
On Bangkok:---
On demand
On Sterling Notes:-
New York, July 18. Close Low
Change
Tuesday's sales:-157,400 bales.
N.Y. RUBBER:
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, July 16. 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.
3
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
JULY 17, 1941,
STOCKA
Johnsmanville
Kennecott Copper Libbey-Owens-Ford
FRIDAY, JULY 18, 1941.
BANKS
HONGKONG & SHANGHAL THE CHARTERED BANK OF
*BANKING CORPORATION
Authorized Capital...
$50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid Up 20,000,000 Incorporated by Royal Charter, 1853
Reserve Funds:
Sterling
.....£6,500,000 Paid-Up Capital
H.K. Currency Reservo 10,000,000 Reserve Fund Reserve Liability of
Proprietors
$20,000,000
Reserve Liability of Fro-
prietors
£3,000,000 £3,000,000
£3,000,000
HEAD OFFICE: LONDON:
Head Office:-HONG KONG
Chairman.
Hon. Mr. 8. H. Dodwell,
Q, Miskin, Esq.,
38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockspur Street, S.W.. Manchester Branch:
52, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES: ALOR STAR HONG KONG PENANG ILOILO AMRITSAR BANGEDK ΤΡΟΠ
BATAY JA
BOMBAY
CALCUTTA
KARACHI
KLANG
KODE
ACKNOTES: KUALA LIVE SCARET FAIRLIN PLAGE
LUMPUR
KUCHING MADRAS
BANGOON SAIGON
SEREMBAN
SHANGHAI
SINGAPORE
SITIAWAK
SOURABAYA
TAIPING TIENTS IN TONGKAH ·
(Bhuket)
TSINGTAO
YOKOHAMA
Last Sale
Last Sale
July '16
July 16
ཏྠཾ ་
661
231
301
304
Gleer
30
08
Lockheed Aircraft
20
40%
Loew's -Inc
314
Board of Directors: Hon. Mr. J. J. Paterson,
3
Martin, ten L. Co.
29
20
Montgomery Ward
301
W. H. Lock, Esq.,
14;
National Aviation
**
Deputy Chairman.
181
Nat. Dairy Products
141
J. K. Bougfold, Esq.,
64
National Distillers
217
A. H. Compton, Esq.,
144
Nat, Fower & Light
7
L. J. Davies, Esq.,
44
National Supply Corp.
62
171
New York Cential
13
1684
Niagara Hudson Power
K. S. Morrison, Esq.,
72
N. American Aviation
144
Hon. Mr. T. E. Pearce, Hon. Mr. A. L. Shields,
4%
North American Co. (New)
134
281
Northern Pacifc
.7
291
Packard Motors
23
Sir Vandeleur M. Grayburn,
Chief Manager.
32
Paramount Pictures
117
15%
Pennsylvania R.R.
244
4
Phillips Petroleum
431
Amoy
Bangkok
10
Pullman Inc....
267
Batavia
Branches: Johore Rangoon Kabe Saigon Kowloon San
CANTON
381
Pure Oll
10
Bombay
Kuala
CAWNPORD Czat! Francisco coLOMBO
742
Radio Corpn. of Am.
42
Calcutta
Lumpur
Shanghai
DELHI
171
Reading Company,
Com
1711
Canton
London
Singapore HAIPHONG
MANILA MEDIN NEW YORK
PRIPING
Bank Buylay Rate...
Now
1912
27
CHICAGO CORN:
Bar Silver per ok.
23 1/4
Chinese 5% Reorg Loan
Briggs Mfg. Co.
July
Sept.
Market Report
FROM BOZA BROŠ.
Thursday July 17. Bilver prices were not quoted this morning. American Silver was N.Y. BLACK PEPPER: quoted at $4.3/4 for Spot.
Dec
734b 751/751 78/781
up
Buad M'facturing Corp.
1913 (Ldu. Is.)
36
A up
קנו !
Chinese 8% Ster. Notes
1925 (Vickers)
Canadian Pacific
Celanese Corp.
B
NEW YORK LARD: Sept. Dec.
10,45/45 10.77a
.66 of
Chin. Imperial Riy. 6%
Loan....
Chesapeake & Olo Chrysler
.54
Columbia Gas & Elec
03 off
Honan Rly, 5% 1905
13
Commercial Credit Co.
Hukuang Rly 5%. 1911
Com, & Southern Ord.)
Sept.
The London/New York eroas-Dec. rate was quoted at 402.1/2. York/London was quoted at
5,70b/78a 5.82b/888
.01 up
(LP. N/Y Issue)
14
02 up
Rukuang Rly. 5%, 1911
Consolidated Edison Co,
Consolidated 04
(German Issue)
12
New N.Y COTTONSEED OIL: 403.- Sept.
Copperweid Steel
11.45/45
.13 off
1/2
Dec.
11.30/30
11 up
Lung Tsing & Hai
Rly. 5%, 1913... S'hal-N'king Rly. 6%...
Curtis Wright (0)
MARKET
Quiet
STERLING
There were sellers at 1/3 up to October, buyers at 1/3.1/32 for any delivery.
U. S. DOLLARS
| N.Y. SUGAR No. 3:
July Sept.
2.69b/tba 2.58b/59a Business done:-129 lets.
N.Y. SUGAR No. 4: Sept.
unch, .01 oll
Tientsin-Pukow Rly 5%
(Brit. Stpd.)
Dec.
No business was reported. There were sellers at 24.9/16 for near and forward, buyers at 24.5/8 for Cash
May
Sept.
but Dec
7.20 N 7.35 N
18
1.21/22a 011⁄2 uff 1.25 b/26a 02 off 1.30 b/31a 02 off
Business done:-554 lots.
NEW YORK COCOA
Tientsin-Pukow Rly. 5%
(German Stpd.)...... Tientsin-Pukow Rły. 5%
(Brit. Stpd. Supl. Loan) Tientsin-Pukow Fly, 5%
(Cer. Stpd. Supl, Loan) Jap. 6% Ster, Loan, 1924 Ger. 7% Intl. Loan, 1924 4 Chartered Bank ............
འད སྐུ ས ས
10
Distillers Corp. (Seagrama)
144
Douglas Aircraft
Du Pont de Nemours
12
Eagle Picher Lead
Elec, Autolite Co.
Elec Bond & Share
Elec, Bond & Share $5 p.
Fee Bond & Share $8 pf.
Elec. Power & Light $7 pf.
12 26
Flatcote
Gen. Electric
Gen Motors
8-15/18
off H.K.
Gen. Railway Signal
& S'ha Banking
20 off
Corp. (Ldn, Reg.}
Gen. Tire & Rubber ..........
80
H.K.
&
S'hai Banking
Goodrich (B.F.)
9.34b/39a
reacted and a large budness
.01 up 34-3/4
Corp. (Col. Reg.)
Goodyear Tire & Rubber...
85
Great Northern Iron Ore
Chinese Eng, & Mining
4.09-1/2
(bearer)
Great Northern Rly, pfd.
13/6
Great Western Sugar
Chosen Corporation
4/-
with sellers at 456.1/2, buyers pro-!
Mercantile Bank of In-
Inter. Nickel
dia, £5, "C"
inter. Paper & Power
11
EXCHANGE
Int. Tel. & Tel. (Fon, In)
Pekin Syndicate
1/-
London, July 10 (Reuter).
Bhai Elec. Constr. Co.
15/-
Tin
Standard. Cash. Middle S'hal Waterworks "A"
Union Insurance
16
22
1041
STERLING
Tin, Standard, 3 months, Middle Gula Kalumpong Rubber 15 'Price, £280-3/8.
Len, Miđ, & Scot. Rly. 148. Market featureless, with routine | Great Western Riy........ smelter selling After hours-10 National Bank of India 31Į tons for cash at £257.
B.-A. Tob, (bearer)
85/-
384
High Low Dow Jones Averages 133.60 115.30 30 Industriala
Rails 28.76 26.54 20 20.65 17.22 15 Utilities
Bonds 92,19 88.56.40 7412 65.45 11 Commodity Index
Dunlop Rubhar
34/101
Bristol Aeroplane
11/14
Imperial Chemical Ind. 32/14
withi
United Steel
Woolworths
23/0 54/3
SILVER MARKET
Marsman Investments
5/7
Western Holdings Bub-Nigel
14/- 140/-
Shell Trans.
(bearer)
& Trad.
1 ex div.
45/74
SHANGHAI DOLLARS Opened with sellers at 458
later business was done at 468.1/2 N.Y, WOOL GREASE and 468.3/4. The market then
Dec was N.Y. Official Süver
done at 458. 457.3/4. 457.1/2, 457 N.Y /London Cross Rate and 466.3/4 The market closed
bably at 256.3/4 for.Apoy.
SHANGHAI MARKET
There were sellers of Sterling at
3.17/64 for Spot, UB. Dollars open-
LONDON METALS
od with sellers at 5.11/32 and Price, £258-7/8. closed steadier at 5.3/8 for Spot.
AFTERNOON MARKET
Quiet
The market closed with sellers
at 1/9 up to October, buyers
1/3.1/32 for any delivery.
V. S. DOLLARS
at
Steady. The market closed sellers at 24.5/8 for near and forward, buyers at 24,11/16 for
near.
SHANGHAI DOLLARS
Opened in the afternoon with sellers at 456.1/2 with business done at 455.1/4 and 455.1/2. At the; close there were sellers at 454.1/2. buyers at 455.1/4.
SHANGHAI MARKET Sterling opened this afternoon with sellers at 3.17/64, and closed firm at 3.19/84 for Spot. U. 8. Dollars opened with sellers at 5.3/8 ang closed firm at 5.7/16 for Spot.
Shanghai Exchange
Shanghai, July 17 (Reuter).
omela! T.T. Rates
London
Now York
Japan
India
Hongkong Pariz
H.K. Stock Exchange
Thursday, July 17. BUYERS
B.K. Govt, 34% Loan (1934), 93, Canton Ins., $225.
Union Ins., $400. H.K. Fire Ins., $185. Providênts, $5.85.
Chinese Estates, $101. Lights, $1,30,
Electrics (0) X. Rịa... $32. Electrics (N), $21. Macao Mectrics, $18.10.
SELLERS Providents, $5.96, Lands, $35,775, Trams, $17.40,
SALES HK. Banks, $1416. Docks, $16.80. Providents, $5.00, Humphreys, $7. Lights, $1,30
Opening
0/9-3/16
5-2/18
17-6/8
21-378 nominal
Ropes, $8.80
Weeking
Bellers
Opening Closing
0/8-1/4 0/3-17/04 0/3-1/4 0/9-17/84 0/3-1/4 0/3.17/04
#5-6/1696-3/8
HONGKONG
SHAREBROKERS", ASSOCIATION
Volume of Business Transacted on Thursday, July 17, 1941
BOTBALES
$1,416.00 8,00
Spot
July
·Aug
U.S." Dollars
Apet
Jaly
Aug.
6-6/105-378
Market-Quiet but steady.
China H.K. Docks
The
Central Bank of China's
6-8/186-3/8
* Silver Duty Rate
HK. Banks [China Lights (0) - 500 200 Providenta 1,000
rate on Lordon at 10 am, today Taumati Ferries.
Was 1/2-1/24/
The Equation rate was 24
ner geaty
Calcina Exchange
Calcutta, Jaly 18 (Router)
on Japan. 81-1/3;
100
100
00
1,000
The total value is $31,001.00
India Rupee Paper
8.00
6.00
• bid.
LONDON STOCK EXCHANGE
LONDON, July 17 (Reutér) The Stock Exchange ruled quietly steady yesterday apart from South Afṛlaan and West African goid minings as well as tin and rubber} shares which tended higher in rea- ponse to a fair enquiry.
Gut-edged and olla were about unchanged and Industrials were quiet, apart from some demand for aircrafts and motors. MUS
Chinese and Japanese bonds were easier and Hongkong Bank shari/{
LONDON SILVER London, July 16 (Reuter). Silver-Very little trade buying which was satisfied by production selling. Market, steady.
Spot, 23-3/Bd. Forward, 23-3/8d.
BOMBAY SILVER
Market-Steady. Offtake 100. bara
Bombay, July 16 (Reuter),
Indian Mint Bifver. Ready.
83-00-0
Aug 18 Settlement i... 62-15-0 Sept, 17 Settlement. 82-14-6
RESERVE BANK OF INDIA STATEMENT
Calcutta, July 16 (Reater).
July 4 July 11
Notes in circulation (including Notes held in the Bank-
ing Department)... 29,139 29,109
Rupee Coin Bullion
in India 3,080 3,056 viold Coln and Bul-
lion in India....... 4,441 Securities (Indian
Government)...... 9,181
Securities (British
Government)
4,441
8,846
$11,679 12,164
Gigures in Lakhs Rupees)
INDO
New York Tsingtao Peiping Yokohama
Penang
BANKOW
(Peking) 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 ACCOUNrs also opened in
CURBENT ACCOUNT opened in Local Currency and Sterling with LOCAL CURRENOY and FIXED DE- interest allowed at rates obtainable POSITS received for one year or on application. shorter periods in Local and other Currencies on terms which will be quoted on application.
The Bank's Hoad Office in London undertakes Executor and Trustee business, and claima recovery of of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
SAFE DEPOSIT BOXES various sizes to let.
TRUSTEE and EXECUTOR business undertaken. Hongkong, 6th February, 1941,
HONGKONG. SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules may be ab tained on application.
For the HONGKONG & SHANGHAI -BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 26th Feb., 1929.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
SAFE DEPOSIT BOXES
This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over T.8.3.3,800,000,000,
D. L. BALLANTYNE,
19th June 1941;
ARE
Manager,
WANT ADS Cheap!
HIN
tended lower on the Japanese un- STEAM NAVIGATION COMPANY LTD
certainties, but several European loans were marked up about a point,!
Wall Street was quietly firm,
LONDON GOLD-
London. July 18 (Reuter). Bar Gold, Fine per oz, 1887.
Sale Of War Bonds In Liangchow
16,90 Under the sponsorship of Gén- 16.80 | eral Mg: Pu-ching who has pur”] 22.60 chased $10,000 worth of National War Bond the campum sollolt- ing subscription to the bonds laun- ahed in Tangolow, Central. Kaneur recently, is making wid ProSTELE. A total wary of! 50,000 har beet raised through she dales of bonds. The goal of the campili
Net! at B800,000 (Vertraf WG)
Bombay, July 16 (Heutor),
· Govt. 98% Rupes, 98-0-0.
Operating Services for Cargo and Passengers i
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSA KA
SINGAPORE, · PENANG and CALCUTTA BANDAKAN
HAIPHONG
All'abeamors Lörth plongside. they Roosevelt Termin. din the French Concession as Bhanghal, where passengers
· and oargo are landed.
For Carbher particula
BANK OF EAST ASIA, LIMITED
Authorised Capital...$10,000,000.00 Paid-Up Capital ...... Beserve and Undivided
Profits
5,599,600,00
2,983,251.50
Head Office:HONG KONG No. 10 Deg Voeux Road, Centrél
Board of Directors:
HON, SIR SHOUSON CHOW, Chairman
Li Lan Sang, Bag Li Koon Obup, Eag P.K Kwok, Eeg. Wengun Tang, Baq.
Wong Chu Song, Flag:
ang Ping Wah Esq.
KAN TONU PO, Esq, Chief Manager HON. Ma. Li Tse Fovo, Manager
Kobe
Brancher and Agencies
Peisang. Singapore Mangoon
Honrabaya
Bwałow
· San Fran· · 'Bydney
olson · Tiantia
Remarang
New York desible, or Vancouver Parle
Folplóg .... Buangħal
Every description of Banking and Exchange business transacted. Loans granted on approved securities
Current Accounts opened in Loos!" Currency and Fixed Deposite re ceived for one year or shorter perioda in Local and Foreign Cur rencies on terms which will be quoted on application.”
SAFE DEPOSIT Boxes To Lar
PE
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Spectally Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS ANGO
INTERNATIONAL EXCHANGE:
BANK PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Ormmercial Centres of the World we are able to extend to our Cliente special facilities for Domestic and Foreign Banking and Exchange.
Head OfferSHANGHAI
ong Branch 4 QUE
South China
SHIVOROW
KING
18%
Remington Arms Co., Inc.
44*
Cheloo
Lyons
Sourabaya
199
Republic Aviation Corp.
32
Colombo
Malacon
Sungei
Dairen
Manila
Patani
20
Republic Steel
20
Foochow
Muar
Swatow
41
Reynold Tobac. "B"
331
Haiphong
(Johore) Tientain
41
Schenley Distillera
12
Hankow
Mukden
Tokyo
35
Shell Union VII
15
Harbin
385
Socony-Vacunum Oli
91
floilo
56
Southern Pacific
12
Ipoh
g
Southern Rly $5 pfd.
201
251
Spleer Manufacturing Co.
371
Standard Brands
57
191
Standard Gas & Fler.
19
6
Standard Ou of N.J.
433
181
Studebaker Com.
51
Swift International
21
15
Technicolor
94
73
Texas Corpn.
424
159
Trans-America Co.
ទន្ទ
20th Cent, Fox Film, Com.
64
274
Union Bag & Paper Corp.
12
20
Union Pacifie
814
521*
United Aircraft
411
571
United Airlines Trans
101
342
United Corpn.
9/16
147
United Corpn. cum pt.
234
331
United
Gas Improvement
7
388
U.S. Rubber
241
140
U.8. Steel
57%
124
Vanadium
254
154
Vultee Aircraft
7
18
Walworth Co.
5
17:
Warner Bros. Pict
4
267
Westinghouse Elec.
95
251
Woodward Iron Cor.
277
261
Chase National Bank
17
National City 'Bank
21
Libby, McNet!
DOW JONES AVERAGE
July 17, 1941.
July, 16, High Low Close
Change
128.19
128.70 127.62 127,53
.38 off
20.64
29.75 29.36 29.40
,24 off
18.77
18.60 18.39 -15.63
.14 off
91.59 74.12
81.47 73.66
,05 off 47 off-
Business Done:-840,000 shares
Amoy
Lotea
Wheatfa
Melbourne
Halphons
Backow
.
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