1941-08-05 — Page 7

On Batavia :---

On demand

............. 46 3/4

Ja Parts:-

Bank Bilis, on demand Nom. Credits 4 months' sight Now.

$53

On Saigon:-

On demand

.......... 107 12

Jo Manila:-

On demand

.... 49 7/8

On Bangkok:--

On demand

149 1/2

Bank Buying Rate Bar Silver per or

Now.

23 7/16

83.20❘ 83.40

234

#34)

Shanghai, Aug. 4 Reuter).

ometal TT. Rates

$101

Opening

London

0/9-1/18

New York

5-1/8

unquoted

her course

India Parts Hongkong

17

nominal 20-1/4

$17

$17.30

Of

Sterling

Bellers

Spol Aug. Sept.

Opening

0/3 7/64 0/9-7/64 0/3-7/64 0/3-7/84

Closing

$6.80 $0.10

$2!

0/3-7/64

$10.00

$10,00

6.8. Dollars

$18.80

Spot

$5-7/32

$5-7;32

Aug.

5-7/32

5-7/32

Sept.

...................

5-7/32

STOCKS

Last Sale

Aug, 2

Aug. 2

Expresa

74

Johnamanville

652

Alleghany Steel Co.

24)

Kennecott Copper

384

The

Market: Quiet.

Silver Duty Rate

Central Bank of China's

Allis Chalmers

30

Libbey-Owens-Ford

Glass

28

Amer

Car

BR

Lockbeed Aircraft

281

rate on Lordon at 10 am, today was 1/2-1/28.

$14,30 $142

$8.80 $8.60

Alan Cyanamid B.

394

Loew's Inc

337

Air & Foreign Power

Martin, Glen L. Oo.

194

per cent.

Amer & Foreign $7 pt.

23+

Montgomery Ward

342

$95X.Int. 898 $044

Amer, Locomotive co.

141

National Aviation

04

$94

***

Amer, Metals

191

Nat, Dairy Products

148

Amer. Hadiator

62.

SIDA

National Distillers

22+

Amer Rolltag Mul

15

Nat, Power & Light

Amer. Sting and R'ing Co.

PAGE 8-HONGKONG DAILY PRESS

Chinese Press Hails U.S. Oil Embargo

While halling the American ofi embargo against Japan as a wel- comed move, the local Chinese Press urges that it should be thorough- ly enforced.

The TA KUNG PAO describes the oil ban as America's most for- ceful action against the Far Eastern aggressor so far. It urges the United States not to relax her pressure upon the aggressor but ›nakes full use of her powerful economic Weapon.

The LIH PAU counsels strict tary and economic machinery may enforcement of the oil embargo break down at any moment. against Japan as any concessions The STAR DAILY, an evening or compromise midway will produce paper, points out certain loopholes | III effects.

in the of embargo order, mclud- ing

First, crude oil may still be ship- ped to Japan.

The WAB KIU YAT PO saya that despite the oll embargo, the United States stil; leaves the door

Second. Japan may still be able open for Japan's co-operation. If Japan Bevers relations with the t secure of through the south Axis and joins the anti-aggression | American countries.

The paper hopes front, then she will not be subjec

that Britain, ted to the restrictiorts of the oll Soviet Russia and the Netherlands embargo order and can secure of

East Indies will also place an all supply from the United States as embargo against Japan. It believes hitherto. However, the paper is that 1 Japan loses completely her such abrupt, import, she will not dare to skeptical about any

-ither northward awakening on the part of the Jaadvance panese militarists.

The WAH TSZ YAT PO predicts that consequent upon the United States American

become relations will more strained and the Far Eastern situation more tense than ever 1 urges close collaboration between

oil embargo, Japanese

southward,

US.-JAPAN BARTER

ARRANGEMENT

WASHINGTON, Aug. 3 (Reuter) --The opinion that the United china. Britain and the United States could work out a barter States and fostering of a stronger arrangement in order to continue force against Japan.

trade with Japan, “If Japan en- The KUNG SHEUNG DAILY gages

In no turther aggression,"

FINANCE & GENERAL

Finance and Commerce

MONEY AND EXCHANGE

CLOSING QUOTATIONS

AUGUST 2, 1941

On London

Telegraphic

Transfer. 1/2 7/8 Bank Billa, on demand 1/3 7/8 Credits 4 months' sight

On Shanghai:—

Un Singapore:-

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE,

X.D.

$1316

SHAREBROKERS- ASSOCIATION

1uyur Ballers Radar Nominal

SATURDAY

Lager

Bailleura

Noncina

2 AUGUST.

Banka

$1315 X.D. 81315

£76 £72

£23 El

#75

193

11.K. Banks

Do. (Col. Reg.)...| Do. (Lon Reg.)- Charter ad Baoks ....... Mercantile Bks. "A". Mercantile Rks. "O". Bank of East Asia..... N. C. & 8. Bauka...... Insurances

Canton InsurRNCAS.....

On demand

400

On demand

62 3/4

$220

On Japan:-

8405

Union InnoCRUCES.......

On demand

(02 1/4

31

LinderwriterE

On India:-

$185

H.K. Fires.

Telegraphic and demand

Transfer.

182 5/8

Shipping

$120

Danglanes

On New York:-

Steamboats

$90

do-Chinna (Prof.).

$70

Indo-Chinas (Def)

49/44

CTS ......

Docks, Wharves,

Bank Bilis, on demand 24 15/16 Credlis, 60 days' sight 25 MA

On Sterling Notes:-

NEWS says that the effectiveness was expressed by Senator George. Shanghai Exchange

of the American economic sanc- Chairman of the Senate reign tions depends to large extent upon¦ Relations Committee, at

a Press whether the Netherlands East In- conference yesterday. dies will follow the lead of the Senator George sald that the United States and place an em-- Administration's economic steps! bargo on oil shipments to Japan | against Japan “seemed to be mov- and how the United States willing in the general direction of treat the foreign exchange obtain- complete severance of trade rela- eo by Japan from her export 10 tons," but added that "there was Amerka.

still a hope, however slight, that

stop

The paper believes that Japan Japan may approaching her doom Her milt- aggression."

NEW

STOCKS

YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

AUGUST 3, 1941

Last Sale

Japan

Be

Shells

$8.66 Waterboata

Godowns, etc.

H.K. & R. Wherres.. Providents

815.70 HK, Docks (Ohi)...

H.K. Docks (New)...

+Shanghai Docks...

Mining

Kailans RAB

Hong Kong Mines....

Lands, Hotels and

Buildings

H., & B. Hotels...........

HK. Lands... Do. 4% Debenturen 17.40 Shanghai Lauda.. $3.30 K. Realties.

Humphreys ....... Chinese Estates.

Cotton Mills

87

Wing On Textiles (8.;) Public Utilities

1533 Star Ferries.

Electrica

Macan Electrics

20700⠀⠀

940

TUESDAY, AUGUST 5. 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTEREÐ BANK OF

BANKING CORPORATION

Authorized Capital....... $50,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1864

Reserve Funds: Sterling

£6,500,000 Paid-Up Capital

H.K. Currency Reserve $10,000,000 Reserve Fund........

£3,000,000

£3,000,000

$20,000,000

Reserve Liubility of Pro

prietors

£3,000,000

£7!

Reserve Liability of

Proprietors

£231

876

17 etu

+

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

#380

$400

W. H. Look, Esq.,

175 ota

Chairman

Deputy Chairman

$188

J. K. Bousfield, Esq.,

A. H. Compton, Erg.,

$120

L. J. Davies, Esq.,

$8.40

Hon. Mr. S. H. Dodwell,

200

G. Miskin, Esq..

870

K. & Morrison, Esq.,

49/4

$61

Hon. Mr. T. E. Pearce,

Hon. Mr. A. L. Shields,

$90

$5,70

8104

11

Branches:

+

8206

Amoy

Bangkok

Johore Kobe

13/6 87.80

Batavia

Kowloon

Rangoon Saigon San

Bombay

Kuala

Calcutta

Lumpur Shanghai HAIPHONG

PE PING

Canton

London

Chefoo

Lyons

Sourabaya

Colombo

Maluces

Sungei

$3,15

Dairen

Manila

Patai

#341

8971

Foochow

Muar

Swatow

Haiphong

Johore) Tientsin

$8.30

$6.60

Hankow Harbin

Mukden

floilo

Peiping

Tokyo New York Tsingtao

Yokohama

Ipoh

$361

$300

$125

Head Office: HONG KONG

Hon. Bir Vandeleur M... Graylarn,

Penang

Chief Manager.

HEAD OFFICE: LONDON:

38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockapur Street, 6.W.1. Manchester Brauch:

52, Mosley Street, Manchester,

AGENCIES AND BRANCHES:

ALOR STATI HONG KONG PENANG ILOILO IPOH

AMRITBAR

BANGKOK

BATAVIA

KOMBAY

CALOUTTA

KARACHI

BANG

LUMPUR

KOBE ACKNOTES: KUALA CLIVE STROKI FAIRLIK PLACE CANTON CAWNFORE

CERU

COLOMBO

Fransisco DELHI

Singapore HANKOW

CURRENT AccounTa opened in LOCAL CORRENCY and FIXED DE PITS received for one year or shorter periods in Local and other Currencies on terms which will be quoted on application.

KUCHING MADRAS

MANILA

MCDAN NEW YORK

(Peking)

RANGOON

RAIGON

SEREMBAN

BHANGHAI

SINGAPORE

SITIAWAN

SOU BABAYA

TAIPING

TIENTSIN

TONGKAH

(Bhuket)

TSINGTAD

YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted.

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

SAVINGS ACCOUNes 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 business, and claims recovery of British Income Tax overpaid, on

SAFE DEPOSIT BOXES of terms which may be ascertained at

any of the Agencies and Branches

W. H. EVANS THOMAS,

Manager.

EXECUTOR |

Hongkong, 28th July, 1941.

HONGKONG SAVINGS

BANK

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

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

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

THE CHASE BANK

* BANK OF EAST ASIA,

LIMITED

Authorised Capital $10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided

Profits

2,989,281.50

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

Board of Directora:

HON. SIA SHOUSON CHOW, Chairman

P. K Kok. Beq

891

-

$28

13/6

$8

2 ctu

$976

$36 $306

Ewo (9.)........

S'hai Cottons (8.).....

Zooug Bing (8.)........ ..

87

H.K. Tramways.................... Peak Trams (old).... Peak Trams (now)...

$16.93

$53

various sizes to let

$22

y'mati Farrise.........

$22.60

TRUSTEE and

Chin Lights (0)

$5.75

$0.80

business undertaken.

1.30 China Lights (New)....

81.30

X.Rta. H. K. Electrica (Old)..

X.R.

8211

$21

H K. Electrich(New)

831

H.K. Electrio (Ris)

Mart

$12

Sandakan Lights....................

#93

Telephones (old)...

$23

887

Telephones (new)......

Industrials

$30

Cald., Macy (Ord.) 8.

Cald, Maog (Pref.38

Canton fees......

175 ots.

Cemonie

$14.65

-

National Supply Corp.

71

Amer Sugar Refining

19

New York Central

134

Aster fel Tel.

1541

Niagara Hudson Power ...

2A

Amer. Tobacco "B"

71

(N. American Aviation

16

Amor Waterworks

41

North American Co. (New)

134

Anaconda Copper

281

Northern Pacific

Allison, T. & 8, Fe.

201

Packard Motors

31

Aviation Corp.

38

Paramount Pictures

13

Baldwin Locomotive Co.

157

Pennsylvania R.R.

2421

Baltimore & Ohlo

54

Phillips Petroleum

451

Barnsdall Ou

91

Pullman Inc......

28+

Bendix Aviation

Pure Ol

92

Bethlehem Steel

75

Radio Corpe, of Am.

44

Bliss & Co., &W. (som.)

16

Reading Company, Com 188

Boeing Airplane Co.

184

Remington Arms Co., Inc.

41*

Borg Warner

19%

Republic Aviation Corp. ...

31

Briggs Mfg. Co.

191

Republic Steel

20

Budd M'tacturing Corp.

44*

Reynold Tobac. "B"

32$

Canadian Pacific

Schenley Distillers

14

Celanese Corp

787

Chesapeake & Ohlo

38 Shell Union Oll

158

Socony-Vacunum Ou

9%

Chrysler

56

Bouthern Pacific

141

Columbia Gas & Mec. ......

2

Southern Rly $5 pfd.

314

Commercial Credit Co.

241

Splger Manufacturing Co 378*-

Com, & Bouthern (Ord) ...

7/16

Standard Brands

54

Consolidated Edison Co......

10

Standard Gas & Elec.

178*

Consolidated Ol

54

Standard Ol of N.J.

Copperweld Steel

10/

Studebaker" Com,

Curtiss Wright (C)

Swift International

221

Distillers Corp. (Beagramat

10

Technicolor

Ltd., and stated that they were:

Douglas Aircraft

70

Texas Corpn.

Du Pont de Nemcurs

158

Trans-America Co

41

Eagle Picher, Lead

91

20th Cent, Fox Film, Com.

TA

Elec. Antolite Co.

29

Union Bag & Paper Corp.

117

Eec Bond & Share

21.

Union Pacific

821

Elec. Band & Share $5 pt.

United Aircraft

417

Elec Bond & Share $8 pf.

541*

United Airlines, Trans-......

114

Elec. Power & Light $7 pl.

541*

United Corpn.

to open other branches in the

Funtiove

14**

United Corpn. #3 cum pt.

231

Gen. Electric

32

United Gas Improvement

7

laya,

"

TO-

Gen Motors

681 U.S. Rubber

241

Gen. Railway Signal

144

(1.8. Steel

687

Gen. Tire & Rubber....*

13/

Vanadhim

26..

Goodrich (B.T.)

19.

Vultee Aircraft

Goodyear Tire & Rubber...

101*

Walworth Co

65

Great Northern Iron Ore

171

Warner Bros. Pict,

5.

Great Northern Rly, pfd..

271

Westinghouse Bec,

Great Western Sugar Intor. Nickel ........................................ Inter. Paper & Power Int. Tel. & Tel. (Fon; 18.)

-271*

Woodward Iron Cor.

27

201

Chase National Bank

·811

178

National City Bank.

271

23

Libby, McNell

DOW JONES AVERAGE.

1041

Aug. 7, 1941.

High Low Dow Jonel Avocages 1860 116.30-30 Industriala

30.09 23.54 20 Rails

20.00 17.28 16

DE.10 B 40

77.18 08.45.11

Aug. 1, High Low Close 198.22

80.149. 18.68

|| 80,94/ 00:71-- 30.70.

16.61 18.68 18.08

The Equalisation rate was 24 1/4

LAND TAX

Land Tax Administrations were formally inaugurated in varluds provinces in Free China yesterday for the collection of lang tax in kind, as decided upon at the Na- tional Financial Conference hald in Chungking recently.

The new tax is enforced even in Kweichow and Yunnan where a scarelty of foodstuffs is experienc- ed. It is anticipated that the col- lection wil reach 35,000,000 shih in the current year. (Central

News):

NEW BANK

S'hat Wing Un ...

$7.20 Vibre Piling

6/7 Marsinans [ur. Lon

Marsianas lav. (H.K.). Wu, Powells........ N.A. Cheticals (HK) +8ale to Shanghal

STARTS

BUSINESS IN S'PORE

Describing the function as another stage in its career, and "an evidence of faith and optimisan," Mr. 8, Dutt, Agent to the Government of India, formally opened the Indian Bank, Ltd... before a large gathering representative of all communities, main- ly from banking circles, at an "at home", held at the Victoria Memorial Hall in Singapors

Mr. D. P. P. Iyengar, Inspector Mr. R. Jummabhoy, president of of Branches, in a speech, recalled the Indian Chamber of Commerce,

the history of the Indian Bank,

entering into a new venture in

Malaya with the full hope and. confidence that they would get ail-

the support from the Indian.mor-

cantile community stationed here.

SIMLA, Ang, 4 (Router) - Re- duction of no less than 20 per cent. of the total monthly con- sumption of petrol in - India -or about 10,000,000, gallons, is expect- ed to result from the rationing scheme which will enforced on August 15,

Singapore, Mr. O. Ramasamy Na- dar, and Mr. "Nachiappa Chettiar also spoke.

HEAD OFFICE:

18, PINE BIKEIT,

NEW YORK.

Pang Ping Wali Eaq.

KAN TONG Po, Esq, Chief Manager HON. MR. LI THE FONG, Manager

Kowloon -Penang Bingapore

Hangoor Bourabaya Saigon

Loudon

Melbourne Bad Fran- Bydney

eleco Tisutalu

LONLY

Bw.tow

This Bank is a subsidiary of The

Every description of Banking and Chase National Bank, New Exchange business transacted. Loans York, with Resources of over granted on approved, securities. 18.8.3,800,000,000.

D. L. BALLANTYNE,

12th June 1941.

Manager

WANT ADS are Seen!

INDO-CHINA

He informed the gathering that STEAME NAVIGATION COMPANY LTD.

It was proposed in the near future.

various important towns of Ma- Operating Services for Cargo and Pazzogers

Mr. H. Duth, in formally declar-

ing the bank open and wishing ib success and prosperity, stated that

the Bank was originally started at

a time when the confidence, oi, A. large section of, the public in the stability of banking business was badly shakon..

This institution, however, was | Inspired with the ideal of service. to the community and the coun- ̈ try and the ideal it steadily kept before 14 and sought to fulfil · taj ita subsequent development, Change

The present branch, reflected 198,09 198.06 188.3101 off great credit on the part of cha 19 of directora, but he was sure that O up with the co-operation of the mur 51.03.00 up

cantile community in Malaya, the Business Donot-300,000 sharon vanture would succeed,

Utilities Tlands

01.08

Commodity Intox 70.04

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN......

KOBE and OBAKA.

SINGAPORE, PENANG and “CALCUTTA, SANDAKAN

HAIPHONG.

All steamers berth alongside the Roosevelt Terminal in the French Concóislun atr Shanghai, where: prasangera and cargo are lauded.

For further particulars

plosis apply to

ARDINER

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

SAFE DEPOSIT Boxes To LET,

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by: THE NATIONAL GOVERNMENT OF CHINA AS AN

INTERNATIONAL EXCHANGE

DSBANK PAID-UP CAPITAL $40,000,000.00 (BRANOUGE 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 ExchangeSTME

Head Office:SHANGHAI

Hong Kong Branch ... 4, QUEEN'S ROAD, "O" “South Chimes Offfoci | | CANTON KONGMOON SWATOW TOIBHAN SHIUCHOW KINGCHOW

We also handle the issue of Bonda and other Publie Funds of the Chinos Governinant both at Home and Abroad

AHGU J. CHEN

Manager.

H.K. Hopes

38.20

H.K. Gort: Lande

4% Loen

0747%.

31%

y

(1984).

94

24%

(1940). Miscellaneous

Dairy Farma...................... Entertainments

(old)..

80 ets. Constructiosa (kW)

$19

霉省

Li Koon Chun, Esq.

Li Lan Sang, Esq.

$1.60 Construction

$1.65

15, QUEEN'S ROAD, CENTRAL

Wong Chm Son, Esq

Worg Yan Tong, Esq.

16.40 Lane Crawforde.

$64

Nanyang Tobacco...... | #3} Sinceres

$2.65

$102

$10.65

$102

Ch. 0.5% 1925GsBds. 1.K. Wing On

29

$42

An American Bank offering con- plete Foreign Banking Bervice

Branches and Agencies:

314

in the principal Markets of the Bat world.

Bombay

Manda

Caluatio

SAFE DEPOSIT MIXES

Haiphong Honkow

Nagarko

Now York Seattle Vancouver

#uzana

Bezarang

„Robe

Palping

Bhangin

ba