1941-07-23 — Page 8

STOCKS

Adams Express

Alleghany Steel Co.

Allis Chalmers

Oct

16.61/01

.20 up

Amer. Can

4:0

Dec.

16 76/76

32 up

American Cyanamid B.

Jan.

16,80/80

.34 up

Amer, & Foreign Power

62 3/1

Mar

16.87/87

Amer & Foreign $7 pt.

On demand

12 1/4

May July

16.69/90

16.89/89

On India:-

Telegraphic Transfer.

182 19

and demand

Saturday's sales-189,100 N.Y. RUBBER:

35 up bales

Amer, Locomotive Co. Amer, Metals

Amer. Radiator

Amer. Rolling Mili

Amer. 8ting and R'ing Cu.

On New York:-

Sept.

Bank Bills, ou demand 24 6/10 Credlis, 60 days' sight. 361/IG

Dec.

Маг

22.25/25 22.00/00 21.60b

Amer, Sugar Refining

05 up unch.

In transmission.

Amer. Tel, a Tel.

E

Auner. Tobacco "B"

On Batavia:-

On demand

15 6/8

On Paris:-

Bank Bile, on demand Nom. Credits 4 months' sight Nom.

On Saigon:-

On demand

14,59 N

Total sales:-28 lots. 106 1/4 CHICAGO WHEAT-

Total sales:-60 tons.

NEW YORK RIDĖS:

Dec.

War Loan, 34%

after 1952) Defence Loan, 3%

(Red.

Amer, Waterworks

105

Anaconda Copper

100%

Atchison, T. & S. Fe.

12 up

Canton-K'loon Rly. 5% Chinese 44% Gold Loan

D

Aviation Corp.

Baldwin Locomotive Co.

Op Manila:--

On demand

46 5/5

On Bangkok ---

July Sept. Dec

1014/1011

A off

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

1925/47

43

Baltimore & Ohla

Barnsdall Of

PAGE 8-HONGKONG DAILY PRESS

¿

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND N.Y. COMMODITY MARKET

EXCHANGE

CLOSING QUOTATIONS

JULY 22, 1941

On London:—

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

On Shanghai-

On demand

On Bingapore:-

On demand

On Japan:-

999 9999

(REUTER'S SERVICE)

New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. N.Y. COTTON

New York, July 21, Prev High Low Close Change 16.33 19,63 16.35 10,01 29 すん

22,25 2200b 22.25

23.35 ,25 up 1037 194 1024

off 1034

i on

76b 75 74) 744

Closing Ranges Changes LONDON STOCK

קנו 34.

קט 34.

EXCHANGE

(REUTER'S SERVICE)

London, July 21. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no

26 up responsibility is assumed for errors

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE) JULY 22, 1941,

STOCKS

WEDNESDAY, JULY 23, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA

Authorised Capital. 50,000,000

AND CHINA.

Issued & Fully Paid-Up. 820,000,000 Incorporated by Royal Charter, 1863

Reserve Funds:

Sterling

£6,500,000 Paid-Up Capital H.K. Currency Reserve 81,000,000 Reserve Fund Reserve Liability of

Proprietors

£3,000,000

£3,000,000

$20,000,000

Reserve Liability of Pro-

prietors...

Head Office:-HONG KONG

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

G. Miskin, Esq.,

Chairman

£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Stroot, E.0.3. West End Branch: 14/10, Cockspur Street, SW.1. Manchester Branch:

52, Mosley Street, Manchester, 2

ALOR STAR

AGENCIES AND BRANCHES:

HONG KONG PENANG

ILOILO IPOH

АМЕСТВАЯ

BANGKOK

BATAVIA

BOMBAY

RANGOON

SAIGON

SINGAPORE

SITIAWAN

SOURABAYA

TAIPING TIENTS IN

TONGKAR

(Bhuket)

Last Sely

Last Sale

July 21

July 21

71

241

311

Johnsmanville

Kennecott Copper Libbuy-Owens-Ford

07

391

Glass

30

801

Lockheed Aircraft

278

401

Loew's Inc.

324

*

Martin, Glen L, Co.

201

197*

Montgomery Ward

371

W. H. Look, Euq.,.

15

National Aviation

84

Deputy Chairman.

181*

Nat. Dairy Products

14

J. K. Bousfield, Esq..

01

National Distillers

23

A. H. Compton, Esq.,

154

Nat, Power & Light

7

1. J. Davies, Esq.,

Hon. Mr. 8. H. Dodwell,

418

National Supply Corp.

7

17!

New York Cential

131

K. S. Morrison, Esq.,

156

Nagara Hudson Power

24

Hon. Mr. T. E. Pearce,

71

. American Aviation ......

15

Hon. Mr. A. L. Shields,

44

North American Co. (New)

134

Sir Vandeleur M. Grayburn,

KARACHI

KLANG

BENEHBAZ

SHANGHAI

291

Northern Pacifc

TA

31

Packard Motors

21

31

Paramount Pictures

121

Branches:

187

Pennsylvania B.R.

25

Amoy

Jobore

Rangoon

41

Phillips Patroleum

442

Bangkok

Kobe

108

Pullman Inc....

284

Batavia

Kowloon Saa

45

Bendix Aviation

387

Pure Oll

104

Bombay

Kuala

1034/1031

off

Chin. 4% Anglo-French

Bethlehem Steel

772

Radio Corpn. of Am. ......

Calcutta

31

Lumpur Shanghai

Canton

London

1052/1068

off

On demand

149 1/2

Loan, 1908

43

Bliss & Co., EW. (com)

18h

Reading Company, Com

171

Chefoo

I yone

On Sterling Notes:-

Saturday's sales 8,820.000

Chinese 5% Crisp Loan

Boeing Airplane Co

17%

Remington Arms Co. Inc.

***

Bar Silver per os

Bank Buying Rate

Market Report

FROM ROZA BROS.

Tuesday, July 22. Bliver prices were not quoted Sept.

morning. American Silver was quoted at 34.3/4 for Spot.

This

Now.

bushels.

1912

27

Borg-Warner

19

Republic Aviation Corp.

37

Dairen

Colombo

Malacca

Sungei

Marila

23 /38

CHICAGO CORN:

Chinese 5% Reorg Los

Briggs Mfg. Co.

194

Republic Steri

201

Foochow

July

Sept

Dec

724/724 741/743 776/778

+ of

1913 (Ldn. 18.)

36

Budd M'facturing Corp

42

Reynold Tobac, "B"

33

Haiphong

off off

Chinese 8% Ster. Notes

1926 (Vickers)

Canadian Pacific

41

Schentes Distillers

12

Hankow

Mukden

Tokyo

81

Celanese Corp.

25%

Shell Union of

15

Harbia

Iloilo

Chin. Imperial Rly. 5%

Chesapeake & Ohio

381

Socony-Vacunum Oll

101

Ipob

NEW YORK CARD:

Loan

54

10.408

07 off

Honan Rly, 5% 1905. .

13

won

Chrysler

'57

Southern Pacific

13

Columbla Gas & Elec.

3

Southern Rly $5 pra.

281

Dec

10.70b

07 of

Hukuang Rly. 5%. 1911

(L.P. N/Y Issue)

སསྶ་

14

The London-New York cross- rate was quoted at 402.1/2. New York-London was quoted at 405.-

N.Y. BLACK PEPPER:

Sept. Dec

Bukuang Rig. 5%, 1911

Commercial Credit Co. Com & Southern (Ord.) Consolidated Edison Co.

251

7/18-

Spicer Manufacturing Co. 371 standard Brands

8

191

Standard Gas & Misc,

191

5.B4b/878

5,93/93

.01 off

(German lase)

12

Consolidated Oll

6)

Standard Oll of NJ.

442

03 off

Lung

Tsing &

Hal

Copperweld Steel

168

Studebaker Com.

5+

quoted on application.

12.

N.Y COTTONSEED OIL:

Rly 5%, 1913

10

Ourtiss Wright (C)

94

Swift International

221

S'hai-N'king Ry, 5%

3

141

Distillers Corp. (Beagrams)

152

Technicolor

91

various sizes to lat.

MARKET

Sept

11.75/75

28 up

Tientsin-Pukow Rig. 5%

Douglas Airersit

75%

Texas Corpn.

434

Quiet.

STERLING

Dec.

N.Y. SUGAR No. 3;

11.45/45

16 hp

(Brit. Stpd.)

12

Du Pont de Nemours

1601

Trans-America Co.

41*

Tientsin-Pukow Rly, 6%

Eagle Picher Lead

01

20th Cent, Fox Film, Com.

82

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

U. 8. DOLLARS

2.50b/52a 2.60b/51a

Business done:-576 lots. Business was done during the N.Y. SUGAR No. 4: course of the morning at 24.11/18 for near and forward.

The market Sept.

July Sept

.04 off

(German Stpd.)

12

Elec. Autolite Co,

271

Union Bag & Paper Corp.

121

03 off

Tientsin-Pukow Rly. 5%

Elec Bond & Share

21

Union Paclic

B2

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

12

Elec. Band & Share $5 pf

52*

United Aircraft

421

Elec Bond & Share $6 på.

57

United Atrines Trans

104

FOBE Chief Manager. į CALCUTTA

Saigon

AGENCIES: BUALA

QLATE MONT

FAIBLIK PLAOR

CANTON

CAWNFORE CERU

Francisco COLOMBO

DELHI

Singapore HAIPHONG

Sonrabaya

Patani

Muar Swatow

(Johore) Tientsin

New York Tsingtao Peiping Yokohama

Penang

LUMPUR

KUCHING

MADRAS

MANILA

HENAN

NEW YORK

PEIPING

HANKOW (Peking)

THỈNOXAO

YOKOHAMA

FOREIGN EXCHANGE and Genera! Banking Busiuesa transacted,

CURRENT ACCOUNTS opened and FIXED DEPOSIrs received for Ona Year or shorter perioda in Local or Other Ourrencies at rates which will be quoted on application,

SAVINGS ACCOUNTs also opened in

CURRENT ACCOUNTS opened in Local Currency and Sterling with LOCAL CURRENOV and Fix De interest allowed at rates obtainable PORIT received for one year or on application. shorter periods in Local and other

The Bank's Head Office in Londan Currencies on terras which will be undertakes Executor and Trustee

business, and claims recovery of

SAFE DEPOSIT BOXES of British Income Tax overpaid, on

TRUSTEE andi EXECUTOR business undertaken. Hongkong, 28th February, 1841.

HONGKONG SAVINGS

BANK

terms which may be ascertained at Any of the Agencies and Branch

W. H. EVANS THOMAS,

Manager.

Doc.

closed at 1 p.m. with sellers at 24. 570 for near and 24.11/16 October. buyers at 24.11/16 for Cash,

May

1.196/1948 031 up 1.24b, 2448 04 1.31b31a 05 Business done:-464 lots.

NEW YORK COCOA

up

tip

(Ger. Stpd. Supl. Loan) Jap. 6% Ster. Loan. 1924 28-31 Ger. 7% Intl, Loan, 1924 dà Chartered Bank

12

Elec. Power & Light $7 pi

Fiintkote

Gen, Electric

Gen. Motors

A.K

& S'hal Banking Corp. (Ldn, Reg.)

Gen. Railway Signal

80

SHANGHAI DOLLARS

HK. & S'ha! Banking

Business was done during

the Sept

1/2

early part of the morning at 463. Dec.

Towards lunch time business N.Y. WOOL GREAȘE

7.201 7.330

Il off 10 off

Corp. (Col Reg.)

84

Chinese Eng. & Mining

(bearer)

was done again at

462.3/4. The Dec. market closed at 1 p.m. with sell

92.0b/93.1a N.Y./London cross rate

2 off 4.03-3/4

Chosen Corporation Mercantile Bank of In

dia, £5, "

4/-

11

Pekin Syndicate

1/-

S'hal Elec, Constr. Co. Shal Waterworks "A" Unton Insurance

༔ ༔; སྒྱུ་

Gen. Tire & Rubber

Goodrich (B.F)

Goodyear Tire & Rubber

Great Northern Iron Ore

13/6

Great Northern Rly, pfd.

Great Western Sugar

Inter. Nickel

Inter. Paper & Power ....... 184

Int. Tel. Tel. (Fon, Is.) 24

15/-

IS

22

1941

Tuesday, July 22. BUYERS

Gula Kalumpong Rubber 15 Lon.. Mid. & Scot., Rly. 137 Great Western Rly.

High

351

Low Dow Jones Averages 128.60 116.30 30 Industriala

29.75 26,54 20. Raile 10.60 17.82 15 -Utilities

National Bank of India

314

02.19 69.56 40 Bonda

B.-A. Tob. (bearer)

85/

74.12 55.45 11

Dunlop Rubber

35/14

11/-

Imperial Chemical Ind.

31/7/

United Steel

23/71

LONDON METALS

Woolworths

54/-

Maruman Investments

5/71

{Western. Holdings

14/-

Sub-Nigel

141/3

Shell Tran18. & Trad.

(bearer)

46/3

the

Electrics (0) X, Rts., $22. Electrics (N), $21, Electrics Rts, $11

ELLERS

• bid.

1 ex. div.

ens at 462, buyers at 462.1/2.

SHANGHAI MARKET

There were sellers of Sterling for near delivery at 3.15/64 for 8pot. US Dollars opened with sellers at 5.6/16 and closed with sellers at 6.11/32 for Spot.

AFTERNOON MARKET

Quiet,

STERLING

The market closed with seilers

at 1/3 up to October, buyers at

1/8.1/32 for any delivery.

U. S. DOLLARS Slightly easler. The market closed with sellers at 24.6/8 for near and probably 24.11/16 October, buyers at 24.11/10 for Cash.

SHANGHAI DOLLARS Opened this afternoon with sell- er, at 481.1/2 but towards close there were sellers at 402.3/4, buyers probably at 463.1/4 for Cash. SHANGHAI MARKET

Opened with sellers of Sterling at 3.15/16 and then rose to 3.1/4) but towards the close the Belling rate receded to 3.15/04 for Spot. U.S. Dollars opened with sellers at 5.11/82 and closed easter at 6.5/10 for Spot.

Shanghai Exchange

Shanghal, July 22 (Reuter).

Mcial TT. Hates

Opening

0/9-3/18 5-3/16

22 17-6/9 -21-1/B

nominal

London

New York

India

Japan, minis

Hongkong Parly

Spot

Hellers

Sterling

Opening Closing

- 0/8/7/32 0/3-15/04

July 0/9-7/820/3-16/64 0/3-7/32 0/3-15/04

Aug.

U.8, Dollar

Spot 80-6/1645 11/82

...... 5-6/10

July

Aug. 6-5/10

5-11/32

6-11/32

Market: Qulot but steady.

Silver Duty Bate

The Central Bank of Ch'na's

rate on Landon at 10 am, today

wes 1/2-1/24..

The Equalisation rate was 24 1/4 per cent.

H.K. Stock Exchange

H.K. Govt. 4% Loan, 91,50,

HK. Govt. 31% Loan (1934), M. Bristol Aeroplane

Bank of East Asia, $1

Canton Ins., $225.

Union Ins.. $400.

HK Fire Ins., $152.

Wharves, 500.

Lands, $25.

Lights (O), $5.90.

Hotels, $3.00 Lands, $35.75. Trama, $17,40.

SALES

Providents. $5,90, Canton Ices., $1. Wateons, $10.75.

HONGKONG

SHAREBROKERS.

ASSOCIATION

* Volume of Business Transacted

on Tuesday, July 22, 1941. SALES

RAUB AUSTRALIAN GOLD MINING CO.

The Hongkong Stock Exchange yesterday received a cable from Raub Australian Gold Mining Co.. and in translating reads as fol- lows:-"Report No 574. Ounces Fire 1,005."

****

EXCHANGE

London. July 21 (Reuter).

Standard. Cash. Middle Price, £259-1/8.

Tin, Standard, 3 Months, Middle Price. £262-1/8..

SILVER MARKET

LONDON SILVER London. July 21 (Reuter). allver-Prodaction selling cover- ed by small trade dentand. Market steady.

Spot, 23-7/168. Forward, 23-7/16d.

BOMBAY SILVER Bombay, July 21, (Reuter).~ Market-Steady. Offtake 200 bara, Indian Mint "Silver

Market steady. Quietness is variously ascribed to Far Eastern uncertainties and the London markets insulation, particularly as Bolivian and Nigerian ores satisfy United Kingdom require- ments, United Kingdom warhouse stocks declined by 112 trins to 3,974 toms, which refects last week's cash. After hours--prices 'concentrated trade buying for changed with no business,

Beady

68-02-0 Aug. 18 Settlement... 63-01-6 Sept. 17 Settlement ... 63-01-6

BANK OF EAST ASIA, LIMITED

& SHANGHAI BANKING COR- PORATION. Rules may be ob-Authorised Capital $10,000,000.00 tained on application,

Paid-Up Capital

Profita

For the HONGKONG & SHANGHAI Beserve and Undivided

BANKING CORPORATION.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

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

SAFE DEPOSIT BOXÈS

This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over

.B.8,3,800,000,000.

D. L. BALLANTYNE,

12th June 1942.

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offcor-15, Gracechurch Street, London, EC-3

· Authorised "Capit Subscribed Onpical:

Palding Capital un-

INDO-CHINA

STEAM NAVIGATION COMPANY

China Providents 1,000 5,90 H.E., Docks

16.80

Operating Bervices for Cargo and Passengers

TO-

1,100 "Bale on Monday, Zist Inst.' The total value fa $7,480.00,

LONDON GOLD

London July 21. (Reuter); Bar Gold, Fine per oz., 168/-

Calcutta Exchange

Calcutta, July 21 (Reuter). TI, on Japan, 81-1/2

India Ruper Paper

Bombay, July 21 (Reuter), Govt, 81% Rupno, 90-0-0.

SWATOW, SHANGHAI, TSINGTAU, CHEFOD

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA,

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the Fronch Concession at. Shanghai, whore passengers and cargo aro ladded.”

For further particulars

plaaso apply to

JARDINE

Beware Find and Rest,

BANKERS:

28,000,000

€1.900.000

31,050,000

21,854,889

The Bank of England and Midland

Bank, Ltd. BILANCHES:

Kunstan Kandy

Kusia Prongga l® - Madres

Bangkok

Qutentica. Costabo

Job

How Yozk

Delhi

Kanchi

Hot Bhar

Kuala Lipis

Howra

Fering Rangoon

Shanghai

Kuala Lumpur. -, Bixgapore

HONG KONG BRANCH: Every description of anting and Exchange

Briašnovs, bradsstati

TRUSTEE AND EXECUTORSHIP

MAWUNDERTAKEN

OUBLENT ACCOUNT mened in dos Car [reńcy and. FIXED DEPOSITS received in Losal ORTUGAY BRILLING be terror that may be { savortalbed on spy Лeation.

D. BENSON

WANT ADS

Trusted

5,598,800.00

2,983,261.50

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

Board of Directors: HON. SIE SHOUBON Caow, Chairman

Li Lan Sang, Eng. LA Keen Chan Esq. P. K Kwok, Esq. Wong Cha Bon, Esq Wong Tum Torg, Esq. Fang Ping Wah Esq.

KAN TONG Po, Esq, Chief Munager HON. MR. Li Tae Foxa, Manager

Branches and sgeneica:

Howloa Panday Sloganme

Amay

Batayin

Boubay Calcutta

Halphong

Bankow Honointe

Kobe

Loudon

Babys

Наугост Halgon Bwatow

kulbourne Bad Fran, Bydney

Kagueakn

sisoo Tientais New York Beattle Vancover Paris

Polpinx Sharks

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

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

SAVE DEPOSIT BOXES TO LE

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 ALL OVER CHIMA) Owing to our numerous Brandher 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 Exobange

Head Omog: SHANGHAI ~

Hong Kong Branch:

4 QUEEN'S ROAD, C.

South China Uffinon: CANTON ..., KONGMOON, SWATOW TOISHAN; SHIUCHOW KINGOHOW

We abo bands the issue of Bonda and other: Publip Funds of the Chiness: Government both at Home and Abroad

SHOU. ONEN

Manager.

347

United Corpn

15

United Corp. $3 cum pt.

231

The Business of the above Bank

34

United Gas Improvement, 73

ía conducted by the HONGKONG

391

U.S. Rubber-

25%

151

U.S. Steel

501

13

Vanadium

271

18

Vultee Aircraft

7

191

Walworth Co.

54

177

Warner Bros. Pict.

41

28,

Westinghouse Elec.

941

V. M. GRAYBURN,

Chief Manager.

25

Woodward Iron Cor.

272

Hong Kong, 25th Feb., 1939.

274

Chase National Bank

314*

National City Bank

271*

Libby, McNell

DOW JONES AVERAGE

July 28, 1941,

July. 10. High Low Close

127.98

129.57 197.78 129.50

29,51

30.62 29.74 30.54

Change 1.5% up 1.03 up

18.61

18,63 18.47 18.61

81.40

Commodity Index 72.43

91.57 74.41 Business Done: 910,000 shares

.10 up .17 up .98 up