1941-08-19 — Page 7

PAGE 8-HONGKONG DAILY PRESS

Anglo-American Military Agreement Said Reached

Official photographs revealing the highest ranking Anglo- American nuval..air and army' off dals who attended the Roosevelt Churchill conference lea Washington observers to conelade that som delluile military, naval and air agreement had been reached re- garding the Atlantic and the Pacific and parallel action will shortly be taken to implement the polleis outlined to the 8-point "state-

Theul.

CONSULT ON| FREEZING MEASURES

I learned from well-informed sources that there has been the

kam

and

China

connexion In

FINANCE & GENERAL

Finance and Commerce

MONEY AND EXCHANGE

CLOSING QUOTATIONS AUGUST 18, 1941. London:- Telegraphic Transfer. ij. Bank Bills, on demand 1/2 7/5 Credits 4 months' sight

The omission of Japan by Damen in the document is interpreted as Revell's pyo "keep Japan

in the dark and guessing." It is

emphasized that the "Democracles On Shanghat:--- New Order" is not restricted to: the

On demand

Western Hemisphere nor to, Ju Singapore:~~ Europe or East Asia but includes the whole world without gengrap- bleal discrimination.

Japanese Press attacks against closest consultation and europeric Brain and America for alienat representatives of 'ing Japan from Germany the re tion between the A-B-C Powers America, Brceived here without comment but commentators believe that Tokyo with the freezing of Chinese as-is rigin felly uncomfortable by the

statem nt which undebtedly in Confidence is expressed in Lon-luded more than what meets the į dou that effective measures which|qve which wil have a profound will shortly be adopted by all par

the United States

sets.

bewing

+383

ties concerned will have the ful-policy regarding Europe in geur- lowing desirable effects.

al and the Far East in particular PENALTIES PROVIDED

will assur

Firstly, they

the continpaner uf legitimale trad

On commentator said that the Und between

uther Free China

Britain statement indicates that Democracies.

Secondly, they will further tigh- and Anterica accept as inevitable tep the

of Japan's entrance into the war and ezonomic blockade Japan In such a manner that no the necessity of providing penal

be lies in advance loopholes

could whatsoever

New York:-

Bank Bile, on demand 24 1870 Credits, 60 days' sight 25 5/1

Batavia:-

On demand

12 Paris:-

.... 46 3/4

Bank Bills, on demand Nom.

Credits months' aght Nom.

In Saigon:-

Un demand

in Manila:-

Ou demand

on Bangkok:*-*

OR demana

On Sterling Notes:--

Bank Buying Rate Bar Bliver per oz.

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE,

Buyers Boller

168

$25

13/

$72

18 AUGUST.

Mercantile Bks. "O"

Indo-Chinna (Prof.)..

Indo-China (Defi

Docks. Wharves. Godowns, etc,

IK. & K. Wharves Pincidents

H.K. Docks (OM). H.K. Doo (New)

+Shanghai Docks.

Kailana

Mining

816.861

:

Aug. 16

SHAREBROKERS ASSOCIATION

***

Spice Nominal

MONDAY

Alleghany Steel Co.

238

TUESDAY, AUGUST 19, 1941.

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

QUOTATION

(REUTER'S SERVICE)

AUGUST 17, 1941.

Last Sale

STOCKS

Johnsmanville

amcott Copper

Last Salo Aug. 16 651

317

Виден

Boilere

.

Romin

Allis Chalmers

284

Libbey-Owens-Ford

Glass 271*

Amer. Can.......

82

Lockheed Aircraft

207

Banks

American Cyanamid B.

394

Low's Ine

341

$1380

$1386

H.K. Banks

$1360

Amer. & Foreign Power

2*

Martin, Glen L. Co.

271*

E77

Do. (Col. Reg.)...

£71

Amor & Foreign $7 pt.

212

Montgomery Ward

331

£74

Ho.

Lon. Reg.).

$74

£8 15/16

Charton ad Banki

28 1/16

Amer, Locomotive Co.

127

National Aviation

g"

E23

Mercantile Eks. "A"

£233

Amer, Metals

187*

Not. Dairy Products

141*

£11

21

Amer. Radiator

60*

National Distillers

214

870

486

Bank of Kast Asia.

STO

Amer. Rolling Mill

142

Nat, Fower & Light

5

On demand

N. C. & S. Banks...... Insurances

17 et.

Amer. S'ting and R'ing Co.

411

National Supply Corp

6*

52 3/4

Amer. Sugar Refining

181*

New York Cential

120

8225

Canton usurances..........

$820

Amer. Tel Tel.

152#

Niagara Hudson Power

21

In Japan:-

$405

Union Insurances......

$405

On demand

.... 14:2 1/4

Amer, Tobacco "B"

701

N. American Aviation

15*

$1

Underwriters

170 cts.

Amer. Waterworks

4+

North American Co. (New)

124

On India:

$185

H.K. Firs.

$185

Telegraphic Transfer.

Anaconda Copper

273

Northern Pacific

71

Shipping

Atchison, T. & S. Fe.

28

Packard Motors

3

and demand

$120

Douglases

#120

Aviation Corp.

34

$85

Pantepec Oil Ven.

Steamboats

281

Baldwin Locomotive Co.

147

$90

aramount Pictures

$20

$70

670

Baltimore & Ohio

48

Pennsylvania R.R.

45/9

Shells

48/0

Barnsdal ou

93

Phillips Petroleum

$6.55

Waterboata

864

Bendix Aviation

37

Pullman Jne......

Bethlehem Steel

872

Pure Oll

Bliss & Co., EW. (com.)...

15*

Radio Corpn. of Am.

191

801

Boeing Airplane Co.

17

Reading Company,

Com

161

$6,05

$6.05

16.85

Borg-Warner

18

Remington Arms Co., Inc.

41*

108

Briggs Mfg. Co.

183

Republic Aviation Corp.

34

8284

Burg Macturing Corp.

4t

Republic Steel

191

49 7/8

Canadian Pacific

Reynold, Tobac. "

32%

13/6

Celanese Corp.

262

Schenley Distillers

146

148

Raubs

$7.80

Chesapeake & Ohio

372

Shell Union O

14"

2 obe.

Hong Kong Mines....

Chrysler

56A

Socony-Vacunum Oil

01

Now.

Lands, Hotels and Buildings

Columbia Gas & Elec.

2국공

Southern Pacific

130

23 7/18

Commercial Credit Co.

234

Southem Rly $5 pfa

201

33.46

B.K. 8. Hatein.

$3,40

Com, & Bouthern (Ord

Spleer Manufacturice Co

38*

$341 X.D.

1974

HK. Lands............. Do. 4% Debentures..

826

Consolidated Edison Co,

178

$97

andard Brands

50

Deploring the indifference. the NEW YORK TIMES today said

given great prominence In press which, observers believe. wires

FROM KOZA PROS. presages some strong and decisive

Monday Aug. 18 savage against stand

Japanese

Sliver prices whlen

unchanged over the week-end, the quotations remaining 23.7/16

સક્

for both

Ready

Forward. American Silver was unquuted,

The

$30

Shanghai Landa....

Consolidated Ọl

53

Standard Gas & Elec.

178*

$3.40

83.30

Copperweld Steel

154*

Standard Oll of NJ.

41

$7

$4.80

Curtiss Wright (C)

91

Studebaker Com

54"

$101

Distillers Corp. (Sexgrams)

153

Swift International

221

were

Douglas Aircraft

682

Technicolor

睡

$37 $306

#174

Du Pont de Nemours

157

Телая Согры.

411

$306

Eagle Picher Lead

**

Trans-America Co.

and

Elec. Autolite Co,

274

$126

20th Cent, Fox Film. Coru,

71

Elec Bond & Share

21

Public Utilities

Union Bag & Paper Corp.

111

York London New

Elec. Bond & Share $5 pt.

53*

Union Pacific

811

CROSS-

$17.20 X.D.

$7

H.K. Tramways........ Peak Trama (old)....

$17.20 X.D.

Elec Bond & Share $6 pr.

574 ́

United Aircraft

877+

83)

Peak Trams (DAW).

Elec. Power & Light $7 pf.

337

United Airlines Trans

111

X.D.

$51

Star Ferries

$50

Funtkcte

14

United Corpa

9/16

.....

Quiet

MARKET

STERLING

$22

F'mati Ferrine.

$22

Gen. Electric

314

United Corph. $3 eam pl.

291

Chips Lights

Gen Mutors

38

United Gas Improvement

74

$1,30

China Lights (New).. $1.30

Gen. Rallway Signal

-141*

U.S. Rubber

23

Kukan"

There were sellers at 1/3 up to

822 X Rta $311

H, K. Electrius (Old).....] B22)

X.R.

$21.201

H. K. Klectics(Now)..

991

Gen. Tire & Rubber

121*

0.8. Steel

571

Goodrich (B.F.)

18

Vanadium

24**

SIRI

Bacou Electrics

8231

884

Goodyear Tire & Rubber Great Northern Iron Ore .. Great Northern Riy, pfd. Great Western Sugar *** Inter. Nickel ........

18

Vultee Aircraft

71

152*

Walworth Co.

26

Warner Bros. Piet.

5

261*

Westinghouse Elec.

91

201

inter Paper & Power

178

Int. Tel & Tel. (Fon, Is.) 2

Woodward Iron Cor. Chase National Bank National City Bank

264*

30+

37

75 ots.

$14.80

DOW JONES AVERAGE

28.86

1941

981.

High

Low Dow Jones Averages 138.60 116.30 30 Industrials

Aug. 17, 1041. Aug. 15, High Low Close

Charge

124.90

125.11 184.79 125.05

.16 up

30.88 26.54 20 20,66 17.22 15 93.10 89.50 40

Rails

29.81

24.85 28.77 29.80

.04 up

Utilities

18.29

18.35 18.25 18.31

62 up

Bonds

90,82

00.79

.08 off

.810

79.48 55.45 11

Commodity Index

78.60

Business Doner-190,000 shares

$1.65

$0.45

#2}

$11 $11.40811

Watsons. --

$11 15

$11.26

$42

Ch. G.5% 192505Bds

98%

$39.

#42

114

#61

found, thereby rendering to aben- The arrivai et heavy Australian Jute atlity any Japanese attempt reinforcements in Singapore was at forcible seizure and use of Chi nese assets in "oecupled" terr! Lorie or from Chinese overseas.

|

Thirdly, they will put a stop to pernicious speculation in foreign bombings of Chungking exchange which undermines the have received scanty attention by National currency

American public and Press

Fourthly, they will prevent over- seas Chinese remittances from falling into the hands of the Jap-editorially that the Americans are ancse or their puppets.

consulta

For the moment all tions are necessarily being con- ducted in the strictest secrecy - (Central News).

RESUMPTION OF REMITTANCES

The Cantonese Guild in Singa

has cabied pore

Market Report

apt to forget what happened to rate was quoted at 402.1/2. New Britain by the German bombings York London was quoted at 403- last year has been going on 1/4 China for much

EL

longer time The Times urges the American pubile tn

the see

tungk!DE bombing in Rey Scotts

film and to contribute or the October, buyers at 1/81,52 for $11.20 paper says there should be a re- Cash. alisation that the struggle for treedom knows no geographical ethnic

has

no

Generallssto boundaries and Chiang Kai-shek petitioning him i frontier.--(Centra] NewS). to request the Singapore Govern- ment to permit resumption of family

remittances

to China

which have been suspended since the issuance of the freezing order

the request of

Chinesc the Government

at

The Guld pointed out that BO per cent South Seas coming from the o-

of the Chinese in the

LONDON STOCK EXCHANGE

(REUTKE'S SERVICE)

London, Aug. 15. The following quotations are the cupled areas of South China have middle prices at the close of the been sending money to their families in China and consequent-market in London. All quotations ly suspension of the remittances are subject to confirmation and no responsibility is assumed for errors in transmission.

will deprive the latter of means of livelihood. (Central News):

CHANG HSUEH-LIANG Defence Lean, 3%........

REPORT DENIED

A report published by a Hong- kong paper

General Pai that Chung-hst, Vice-Chief of Generul Stall, has recommended to the National Government to

Hsueh- appoint General Chang lang. son of the late Manchurian warlord Marshal Chang Tso-n, to an important government post has been categorically denied by General Pal, who characterised the *report as a "fantastic fabrication." General Chang Hsueh-ltang wast dismissed from all government pusts following the Sian Incident in Dec., 1996. Since then, he has

Chinese 5% Reorg. Loan

1913 (Ldn. 18.) Chinese 8% Ster. Notes

1925 (Vickers) Chin, Imperial Rly. 5%

Loan Honan Rly. 5% 1905 Hukuang Rly 6%. 1911

(LP. N/Y Issue)

been living in retirment.--(Central Hukuang Rlg. 5%, 1911

SHANGHAI MARKET

:: 2

H.K Reulties.

1umphreya.....

Chisee Estates.

Cotton Mill

Ene (8.)

S'hai Cottons (8.)... Zoong Binge (8)...... Wing On Textiles (8.

U. S. DOLLARS

Selling

rate to Merchants at 823

25 1/16.

#8

SHANGHAI DOLLARS

830

Merchant rate 460.

$25

Caid, Maog. (Pref.)8

87

$18

Advices received at Noon report- ed the Shanghai Inter-Bank mar- ket as being nominal. Merchants were quoted at 3.5/32 for Sterling and U. 9. Dollars at 5.5/10.

AFTERNOON MARKET

$8.80

$98

895

825

STERLING

Quiet.

There were sellers at 1/3 up

to October, buyers at 1/31/32 for Cash.

U. S. DOLLARS

Seling rate to Merchants at 25.1/16.

SHANGHAI MARKET

0/3-5,32

5-5/16

H.K. Electric (Rus) $11

Alacao

ca Electrics

9124 | Sandakan Lighte......

$6

teleptiones (cld).

Telephones new)..

Industrials

Cald., Maog. (Ord.) 8.

Canton Inos,

Cements....

H.K. Rupes......

H.E. Gort, Losa

4% Loan

(1994)

(1940). MiscellaneoDA

$183 Dairy Farms.

Entertainments........ $1.60 Constructions {old). 180 cts. Constructions. (saw)... 36 45 Lane Crawforda......

Nabang Tobacco 83 Sinceres

18+%

37%

2.K.. Wing On

S'hui Wing Ov

$7.20 Vibre Piling

5/7 Matemans Inv. (Lan.

Maramana Inv. (H.K.)

A. Chemicals (HK)

+Sale to Shanghai

1/6

$14

Wm. Powella..........

unquoted *17-1/2

nominal

21 correct

HR. Govt, 4% Loan, 96.1 HK. Govt. 3 Loan

25.

(1934),

::ཡཿ;

+

:

for Sterling and U. S. Dollars at 5.5/16

Shanghai Exchange

Shanghai, Aug. 18 (Reuter),

Omdal T.T. Rates

Opening

Sliver Duty Rate The Central Bank of China's

rate on London at 10 am; todas was 1/2-1/2d.

The Equalisation, rate was 24-1/4

HONGKONG

AREBROKERS

ASSOCIATION

Volume of Business Transacted

H.K. Stock Exchange

Monday, Aug. 18.

BUYERS

H.K. Govt. % Loan (1940),

98.

HK. Banks, Isas.

Canton Ina., $225

Union Ins., $405.

HK. Fire Ins., $185.

Wharves, $91.....

Docks, $15.85.

Providents, $6.08.

Hotels, $3.50.

Realties, $3.4077

Chinese Estates, $101,"

Yaumati Ferries, $22.50.

Electrics (0) Ets, $31.00.

Telephones (N), $8,60,

Cements. $16. Rope, $8,80. Watsons, $11.

SELLERS

KWEICHOW BANK

OPENED

Another link in the financial network of southwest and West. China was forged with the open-

KANSU PRODUCTS

EXHIBITION

The exhibition of products in Kansu, which was inaugurated on Aug. 13, the fourth anniversary of the outbreak of the Shanghai hos- ilities, continues to draw large numbers of spectators.

800,000 TONS OF SUPPLIES

FOR CHINA

The TA KUNG PAO claimed to have learned from rellable sources that supplies amounting to 800,- 000 tons will be shipped from. America to China under the Lend and Lease BIL

Over 20,000 exhibits of 20 cate- gories, including agricultural, min ing, medicinal and other products,

American highway experts who are on display. Some 20 factories and 47 district administrations have just completed an inspection are participating in the exhibi- of the Burma Road, declared that tion, which is the first of its kind. It would not be difficult to in- held fri the province.--(Central crease the volume of transport on News).

the road twofold or even threes.

fold

(Central News),

It is reported that the new

ing business, including savings and aluminium works at Diogje in ing today, after months of pre-trust departments, the new bank Java will start manufacturing be.

will maintain contacts with banks fore the end of 1941. The neces in Kwangtung, Kwangsi, Hunan, sary machinery is expected to Kiangel, Szechwan, Shens and arrive soon The buildings are al- Hupeh provinces.(Central News). most Anished.

parations, of the Kwelchow Pro- vincial Bank, capitalised at $8,- 000,000.00

Undertaking all kinds of bank-

INDO-CHINA

STEAM NAVIGATION COME

Operating Services for Cargo and Passengers

101

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN

HAI PHON

All steamers berth.alongside the Roosevelt Terminal in the French Concession "bi Shanghai, where passangera and cargo are landed.

For further partioulass

please apply tom

B

War Loan, 34% (Red.

after 1952}

1051 101.

Canton-K'loon Rly. 5% Chinese 4% Gold Loan

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

1925/47....

11

SHANGHAI DOLLARS

460.

47

45

Merchants were quoted at 3.5/32

chin. 41% Anglo-French re- LoRn. 1908

Chinese 5 Crisp Loan

1912

46

30

38

9

55

London

19

New York

Japan

15

India .........Ari

Parts

News).

EVASION WILL

(German Issue) Lung Tsing & Hai

Rly. 5%, 1913

19

Hongkong

13

BE PUNISHED

dia, £5, "0" remittances to occupied areas in Pekin Syndicate China will also be permissible.

A mandate issued by the Na-Tientsin-Pukow Rly. 6% tional Government proclaimed

that the period for the enforce-Tientsin-Pukow Rly. 5% ment of the. Revised Provisional

Regulations Governing Punishment Tientsin-Pukow Rly 6% of Evasion of Customs Duty be extended for another year. (Cen-Jap, 6% Ster, Loan, 1924 231 tral News).

BAN LIFTED

Corp. (Ldn, Reg.) HK Bhat Banting

It is officially announced in Singapore that the ban on family remittances from Malaya to China, which was imposed following the freezing of foreign accounts of Chosen Corporation residents in China, has been re- Mereantile Bank of In moved, It is stated that family

Corp. (Col Reg.) 77 Chinese Eg. & Mining

Bhal Elec, Canstr. Co,... The announcement was made In S'hat Waterworks "A" the midst of a Chinese movement Union Insurance... considering representations to the Gula Kalumpong Rubber 101 Government on the ground that Lon. Mtd. & Scot., Rly 141 auch romittances were most essen- Great Western Rly Hal for the austenance of families National Bank of India 82 of Malayan Chinese in Chir-1-A, Tov. (bearer) (Central News),

ghai-N'king Rly. 5%. Tientsin-Pukow Rig. 5%

(Brit, Stpd)

16

12

per cent.

(German Stpd.)

12

(Brit. Stpd. Supl. Doɛn)

12

(Cer. Stpd. Supt. Loan)

12

Trams XD., $17,kv.

Ger. 7% Intl. Loan, 1924 5

Chartered Bank

8-15/16

on Monday, Aug. 18, 1941.

Lights (N), $1:30.”

HK. & 8hal Banting

HK Wharves

100 $91.00

74%

Ropes

200

8.95

HK Hotela

1,000

3.60

Macao Electrics, $18.40. Telephones (0), $23,26,

1,300

(bearer).... 1370

4/

The total value a $14,400.00,

114

1/

Bristol Aeroplane.

10/9

15/-

Imperial Chemical Ind. 327-

Watsons, 811,40,

.16

22

United Steel

23/10

BALES

Woolworths

5B/

Mareman Investments Western Holdings va Sub-Nigel name

B/71

✅ H‚K, · Banka, "#1688/90.

10/0.

Wharves, BDL

-141/3

Hotels; 89:00

07/0

Shell Trans. Trad.

'(bearer).

Lands XD., 90-

40/9

Tram: XD 917.26. -

Dunlop Bubhag

bid

Light (0) 28.

SON&