On demand
On India:-
Telegraphic
On New York:-
Previous
May 2
Closing Opening Closing Change
Buyers Buyers.
and demand)
Bank Bills, on demand 21 1/4 Credits, 60 days' sight 22 1/8
Ou Batavia :---
On demand 39 1/2
On Parts:-
Bank Bills, on demand 1085 Credits 4 months' sight 1140
SPOT JULY-SEPT.
OCT.-DEC.
36-1/8 36-5/8 36-7/8 35.cts. 35-1/2 35-5/8 34-1/4 34-3/4 34-3/4
PAGE 10-HÔNGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE ·
CLOSING QUOTATIONS
MAY 6, 1940
On London:-
Telegraphic
Transfer. 1/2 13/18
Bank Bills, on demand 1/2 13/16
Credits 4 months' sight 1/3 1/8
On Shanghai:-
On demand
On Singapore:---
On demand
On Japan:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.) «
**** 440
62 1/2
90 1/2
New York, May 2, 1940.
SINGAPORE RUBBER
Transfer.
189 1/4
NEW YORK STOCK EXCHANGE QUOTATION
STOCKS
MAY 5, 1940 STOCKS
Kennecott Copper Lakey Founding & Mac.
TUESDAY, MAY 7. 1940.
(REUTER'S SERVICE)
Last Sale
Last Sale
May 4
May 4
Adams Express
7:
344
Alleghany Steel Co.
247
.4*
Allied Stores
Libbey-Owens-Ford
Glass
49
Sterling
All Chalmers
33
Lockheed Aircraft
38
Aluminium Ltd.
971
Loew's Inc.
334
Reserve Liability of
Amer. Can
114*
Loft Incorperated
321
Proprietors
.$20,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
HEAD OFFICE: LONDON:
BANKS
·HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 180s
Reserve Funds:
Paid-Up Capital £8,500,000 Reserve Fund
.....£3,000,000 .......$3,000,000
...£3,000,00€
American Cyanamid B.
367
Mack Truck Inc.
25
Amer.
Foreign Power
14
Martin, Glen L
431
Amer& Foreign $7 pt.
24+
McKesson & Robbins, pt. 27
American Gas & Elec.
354
Monsanto Chemical
1161
Amer. Locomotive
191
Montgomery Ward
45:4
Amer. Metals Co,
213*
National Aviation
14.
Amer. Radiator
в
Nat, Dairy Products
178
Board of Directors: H. V. Wilkinson, Esq.,
Chairman." Hon. Mr. J. J. Paterson,
Deputy Chairman,
up 3/4
Amer. Rolling Mill
141
Nat, Distillers
247
J. K. Rousfield, Esq.,
ор 5/8 up 1/2
Amer. 6'ting, and Ring Co.
483
National Gypsum
94.
A. H. Compton, Esq.,
Head Office: HONG KONG
39, Bishopsgate E.Qi.
Sub-Agencies In London: 117/182, Leadenhall Street, ECa West End Branch:
14/18; Cockspui Street, RW.1. Manchester Branch: 52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHRS:
Amer. Sugar Redning
21.
| National Lead
201
Hon. Mr. S. H. Dodwell,
The market was quiet but steady. LONDON RUBBER
Amer. Tel & Tel.
174
Nat, Power & Light
8
G. Miskin, Esq.,
buyers
Previous close Today's close
buyers
Amer. Tobacco "B"
90
National Steel Corp.
66+
K. S. Morrison, Esq.,
Change
Amer. Waterworks
10
T. E. Pearce, Esq.,.
National Supply Corp.
81
ALOR STAR AMRITSAR SANGKOK BATAVIA
"HARBIN
HONG KONG ILOILO IPOR
PENANG
MANGGON
SAIGON
BERIMBAN
SPOT
11-1/4
Anaconda Copper
29+
C. C. Roberta, Esq.,
New York Central
151
BOMBAY
KARAOH 1
SHANGBAI
Hon. Mr. A. L. Shields,
CALOUTTA
JUNE
11-5/16
Market closed
Atchison, T. & S. Fe.
211
Niagara Hudson Power
5+
On Saigon:-
On demand
On Manila:-
JULY-SEPT.
11-3/8-
Aaburn Motors
11.
N. American Aviation
Sir Vandeleur M. Grayburn,
ADENCIES:
7
108 1/4
OCT-DEC.
11-3/8
Aviation Corp.......
North American Cő.
221
Chief Manager. Fix PE
CLIVE STAT
KLANG FODE KUALA
SINGAPOR
'ITIAWAN
SOUBAMATA
JAN.-MARCH
11-1/4
Baldwin Lecometive
131
Northern Parlic
On demand
On Bangkok:-
On demand
42 1/9
150
On Sterling Notes:-
Bank Buying Rate
1/4
Bar Silver per oz.
31 1/10
NEW YORK
Market Report
were
FROM RÖZA BROS
Silver prices
unchanged over the week-end, the quota- tions rema'ning at 21.1/18 for Ready and 21 for Forward: Ameri can Silver was quoted at 34.3/4 for Spot.
The London-New York cross- rate was quoted at 402.1/2. New 347. York-London was quoted at
NEW YORK COTTON: Business was small and the tone steady. Prices hardened on the limited supply of contracts. rather than ag gressive Trade buying.
NEW YORK RUBBER: Akron interests were the best buyers recently, whilst outside speculators are beginning to appear It is- belleved that most of the recent purchases were based on expecta-
We further increase in freights: *tions of a 70 per cent. quota 'and'
would accumulate on any easiness.
CHICAGO WHEAT; Beneficial rains in the North-West checked the advance. The Trade is nervous but friendly, following Euro- pean political news closely.
NEW YORK STOCKS: 147:55: "Change, off .10.
Previous close, 147.85; Today's close,
Bell Aircraft Corp. Bendix Aviation. Bethlehem Steel
Buss & Co. .....
Baltimore & Ohio
Owens-knois Glass Co.
62+
Barber Asphalt Co. Barnsdall On”
15+
Amoy
Brancher: Johore
Pacific Gas & Elec
33
Bangkok Kobe
Rangoon Saigon
11
Pacific Lighting
571
Batavia
Kowloon San
41
27
Packard Motors
3+
Bombay
Kuala
Francisco
331
Pan-American Airways
21+
Calcutta
Lumpur
Shanghai
84
Paramount Pictures
71
Canton
London
Singapore
131
Pennsylvania RA
212
Chefoo
Lyons
Boeing Airplane Co.
221
Phelps-Dodge
341
Colombo'
Malacca
Dairen
Manila
Borg-Warner
224
Philadelphia Read, Coal
Foochow
Muar
Sourabaya Sungei
Patani Swatcw
Bridgeport Brass Corp. Briggs Mix.
13
Phillips Petroleum
394
Haiphong
22+
Pittsburg Coke & Iron
71*
Bankow
Brooklyn-M'hattan TraNS. Brooklyn-Manhattan $6....
23
Public Service of N.J.
*14
Harbin
New York Tsingtao
1061
Pullman Inc.
24
Iloilo
Peiping
Budd M'facturing: Corp." Canadian Pacifc R'way...
#
Pure Out
103
Ipoh
Penang
51.
Radio Corpn. of Am,
Case. JI.
681
Reading Company, Com 15*
Celanese
341
Reading Company, 1st pfd" 28*
3/8.
Market
Quiet.
Sterling
There
were
11
to
sellers at 1/27/8 Cash/November, buyers at 1/2 29/32 for any delivery.
U. S. Dollars
No.hing doing. There were sell.
ers at 21.7/10 Cash, 21.3/8 May. May 21.5/16 June
and 21.1/4 July. July
buyers at 21.1/2 Cash. 21.7/16 | July (New contract). fra half June and probably 21.5 | October 16 July.
Shanghai Dollars
Erratic. Opened with sellers a; 455 and then receded
New York Cotton, July New York Rubber, July Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, June NEW YORK COTTON
COMMODITY MARKET
(REUTER'S SERVICE)"
High Low
Close Close Change Prev. Today'a 10.43' 10.40 10.43 10:41 .02 of
19.93
19.72 19.86 19.59
13. up 1064 .1051 .100 1051 1 off 751 662 661 601 of 13.50 13.46. 13.49 13.47 .02 off
Chesapeake & Ohlo
39+
Remington Arms Co., Inc. 41*
Chrysler Corpn.
851
Republic Aviation Corp..
61
Climax-Molybdenum Co.
35%
Republic Steel
203
Colts Patent Fire-Arms
82
Revere Cop. & Brass Inc.
13+
Columbla Gas & Elec...
67
Reynold Tobac, "B"
434
Columbia 6% "A" pf. Commercial Credit Co. Com, & Bouthern (Ord.) Consolidated Edison
B31⚫
Richfeld Of
72
(Johore) Tientsia Mukden Tokyo
Yokohama
HAMBURG HANKOW
KUCKING.
TAIPING
TIENTSIN
MADRAS * TONGKAH
MANILA
NEW YORK PHIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT AC0002TM opened and FIXED DIPOBITS received for One" Year or shorter periods in. Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with CURRENT ACCOUNTS "opened in interest allowed at rates obtainable. LOCAL CUIDENCy and Fixed Dirusita on application. received for
one year or shorter The Bank's Head Office in London . perioda in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on ALBO up to date SA DEPOSIT terms which may be ascertained st Boxes in various sizes To LET.
any of the Agencies and Branches... Hong Kong, 28th February, 1940.
R. A. CAMIDGE,
CANTON CAWNPORI CERT COLOMBO CELEI
LUMPUR
MEDAN
HAIPHONG
(Bhuket)
TSINGTAO"
YOKOHAMA
"441
Safeway Stores
49
!1
Manager.
Schenley Distillers
131
312
Sears Roebuck
B5+
HONGKONG SAVINGS
Consolidated Oil
7}
Shell Union Of
12}
Continental Can
45
Bocony-Vacunum Oll
105
Close. 10.71/71 10.43/44
Opening
Closing
Change
Continental Oli
231
Southern Pacific
12
10.70/69
10.69/69
.02 of
Copperweld Steel
231
Southern Ely $5 ptd.
281
10.43/43
10.41/42
.02 off
Corn Products
597
Sperry
427
10.60/60
10.56b
.10.59/59
.01 of
Curtiss Wright (C.)
101
Spicer Manufacturing Co. 343*
}
9.99/99
9.97/97
10.00/00
.01 up
Curtiss Wright, “A”.
294
Standard Brands
71
December (
>
3.82/83
9.81/81
9.86/86
.04
up
Deere & Co.
211*
Stand Gas & Mec.
14*
January
>
9.76/76
unquoted
9.81 N
.05
up
Distillers Corpn. Beagrams
191
Standard On, of California
22
440.
March Spot
>
9.66/86
9.87/67
· 9,89/69
.03
קנו
Douglas Aircraft.
891
Standard Oil of N.J.
421
10.86
10.84
.02 off
Du Pont de Nemours
1861
Stone & Webster
94
At 1 p.m. there were sellers B 443 for Spot.
May
at
July
Quiet.
Market
Sterling
May
July September
Shanghai· Market Sterling opened with sellers
First notice day for May cotton:-22/5/40. NEW YORK RUBBER
3.5/18. The highest rate re- September ported was 3.3/a. Towards 1 p.m. December the market was reported as being January
a shade easier with sellers at
3.11/32 fot Spot. US Dollars were reported at 4.13/16 for Spot.
Total sales:-1.910 tons. CHICAGO WHEAT
Eagle Picher Lead
101*
Studebaker Com.
104
Eaton Mfg. Co. v.
35
Swift International
29
4.
19.79/79
19.90b
Il up
Elec. Autolite
30+
Technicolor
141
19.59/59 19.80/93
19.72/72
13 up
Elec. Bond & Share ......
81
Texas Corn.
48
BANK OF EAST ASIA, LIMITED
19.14/14
18.80/80
19.45/35 19.05/10
19.22/23,
.08 up
Elec, Bond & Share $5 pt.
60
Texes Gulf Sulphur
35
18.73 N
18.87/88 18.84/84
07 up 11
Elec. Bond & Share $6 pf.
68
Timken-Axle
27
קטן
Elec. Power & Light $7 pf Fisk Rubber
34
Trans-America Co.
52
Paid-Up Capital
144*
20th Cent. Fox
Flintrate
181
20th Cent Fox, 31; pr.
20.
Profita
1061/1083
1053/108
1061/1064
106/1061 1061/1067"
1064/1081 1054/1051 1057/100
+ off
Gen. American Trans.
521
Union Bag & Paper Corp.
171
#
# of
Gen. Electric
198
Union Carbide & Carbon
814
Authorised Capital......$10,000,000.00
Reserve and Undivided
Head Office:-HONG KONG
5,598,800.00
..2,083,261.50
BANK.
THE CHASE BANK
The Business of the above Bank 45, QUEEN'S ROAD, CENTRAL is conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & BEANGHAT BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1839.
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BANK, · New York, with Basouros of ovaj » U.8.$1,900,000,000.
D. M. BIGGAR,
Second Fice Pres
#
off
Gen. Motors
Gen. Railway Signal
Gen. Tire & Rubber
May.. July
851/651
861/881
H
September
668/882
662/687...
85/647 861/653 661/661
off
Glidden Co.
off
Goodrich (B.F.)
off
Goodrich $5 pt.
Goodyear Tire & Co.
WINNIPEG WHEAT
891b
Di b
911/91
October
93jä
89 b 902/91 931b
+ off
Great Northern Iron Ore.
NEW YORK HIDES June
02 off
The
this September
14.06/06
** **
Great Northern Rly, pfd.
unch.
t off "Great "Western" Sugar
Greyhound Corpn. Hercules Powder Co. Homestake Mining
International Harvester
Int Nickel
at 444
Inter. Paper & Power“
Int. Tel. & Tel
Johns-Manville
J. & Laughlin Steel $7 pfd.· 63ṛ...
There were sellers at 1/2.7/8 May/November, buyers at 172 29/32 for any delivery.
D. S. Dollars
The market closed with sellers at 217/18 Cash, 21.3/8 May, 21. 5/16 June and 21.1/4 July, buy- ers at 21.1/2 Cash, 21.7/18 first half of June, 21.3/8 June and 21.5/18 July.
Shanghai Dollars highest rate
done.
Friday's sales:-29,884,000 bushels. CHICAGO CORN
May July
13,49/49 13.48b/52a 13.75/77 13.80/87 14.04/05 34-3/4 New York Official NY-London Cross Rate 3.47-3/4
afternoon was 453, Towards the December
close business was done
There were sellers at 444. Shanghai Market
Advices received towards the close reported, buyers of Sterling at 3.11/32 for Cash
Shanghai Exchange
Shanghal, May 4 (Renter).
Offcial T.T. Rates
Opening
London
New York
Japan
India
Faris Hongkong
Spot..... 0/3-3/16
May
Spot
༤ཎ-'et
May
0/3-1/8 4-1/2 19-1/8.
17-1/4
2.39 20-7/8.
Bellers
Opening Closing 0/3-9/32 0/3-1/32 @/3-3/32 U.S. Dollars
$4-19/32 $4-3/4"..
4-7/16 4-3/8
Market:-Qulet but steady.
Merchant Rates
Sterling, 0/3-6/32,
US Dollars; 34-1/2.
Silver Duty Rate
The Central Bank of China's rate on London at 14 a.m. today was 1/2-1/2d.
F
The Equalisation rate was 10-3/4 per cent.
BOMBAY SILVER Bombay, May 4, (Reuter). London ...
1/6-31/32 Japan
90-7/8
.01
13.47/47 13.76/76 14.00b/02a .04 off 3.47-3/8 unquoted
RUBBER TRADE REASSURED
NEW YORK (Havas by Air-1.particular been reassured on this mail)The widening gap between point.
current and future prices on a In the principal commodities- series of important import com several of which like rubber, iin, modities is reflecting the fear of burlap, sugar
come from Far importers that further extension Eastern and Indian points of of the war will lead to still fur-origin-the stock position in this ther restriction or withdrawals of country was summed up as fol British and neutral tonnage from lows:
the shipping lanes..
Rubber; stocks on hand at the
1939/40
· DOW JONES AVERAGE
A
May 6, 1940,
High Low Dow Jones Averages. May. 3, High Low Close Change
165.99 121.41 30 Industrials
4
35.90 -84.14 20 Rails
147.86 30 78
27.70 30.70, 20 Utilities
25.0%
89.47
-85.67 45.59 11 Commodity Index 60.88
147.87 147.25 147.58 10 of
30.85 30.78 30.88
.11 up 25.09 21.96 25.00 89,46 60.70 .18
09 of
.04
39 29 84.61 40 Bonds
Business Dono:-320,000 shares
Board of DirectorTS:
SIB SHOUSON CHow, Chairman Li. Koon Chan, Esq. Li Lan Sung, Eng. P. K. Kwok, Esq. Wong Chu Son
Wong Yun Tong, Baq, Kan Ying To Big, Üban Ching 8búk, Baq, Fung Ping Wab Esq
KAN TONG PO,, Esq., Chief Manager Lr Tax FONG, Esq., Manager
Branches and Agencies:
Karloom Pacaba Матарото London
Bangoon Sourabaya Sakron Bwalow
Osletta Kelbourne Ban Fran- Syday falphong
Henkow Now York
Parkx Palping
Disco Testin
Setti Vorar
Shangha
-
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN· INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL / 8:40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branabes 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 Exchange.
Head Office:--SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
Every description of Banking and Exchange business transacted. Loans granted on approved separities.
Current Accounts opened in Loca! Currency and Fixed Deposits re| CANTON ceived for one year or shorter SWATOW periods in Local and Foreign Car SH1UCHOW rencies on terms which will be quoted on application."
SAVE LEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
INDO-CHINA
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both st Home and Abroad.
SHOU J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK „Unoorpoented in ( hinalig
STEAM NAVIGATION COMPANY LTD | Booking Facilision and Financial Agouts te
TO-
There is less nervousness visible, end of March, about 150,000 tons however, thon at the outbreak of and 113,000 tons, were en route, war last September. Trade circles This is a comfortable increase over have received assurances that if the low last November of 118,000 need arises arrangements will te tons, a little more than a two-Operating Services for Cargo and Passengers made with official help to secure month supply. The present stocks sufficient American flag tonnage are still regarded as too low, for the transport of essential com- however, especially in view of un- modities. The rubber trade has in settled conditions beginning
develop in the Far East in con- nection with the Dutch East In- dles..
New York
Shangha Hongkong
332-1/2
20-1/4nom, 83-1/2
Sellers
Months on "Japan 92 Months on London 1/5-31/32 Buyers
Months on Japan..... 00-3/8 Months on London 1/6-1/32
Indian Mint Silver
Ready June 3 Settlement July 2 Bettlement
60-02 #0-03...
80-05
to
stocks Burlap:
dropping to lowest lovel in years because rise in prices forced turn to substitutes. The rise was also due to restric tions established in the Calcutta market: Substantial purchases made in March are expected, however, to improve the situation. Tin: up-to-date figures unavail- able. Deliveries to the US. from September to March, amounted to 55,960 tons and consumption in the same period estimated 47,566 tons.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
·KOBE "and" OSAKA
SINGAPORE PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where paasongara and cargo are landed,
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE SOSILL GENERAL MANAGERS.
The Provincial Government of Kwangtang Head Offco-bkiukwan, Kwangtung Province Boogkong Brasch-Ensen's Uldg, 5 Chater Ed. Cable Addresses—"PROVINCIAL.” 2029, 0643, Telephones:
20112, 20113, 20143, 20181, $1681. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London Faid Up Capital ... N$10,000,000, Beserve Capital N$10,500,000,
AUYANG MNLY. Hongkong Manager,
A Job?
WANT ADS
+
541
Union Pacific
„951
No. 10 Des Voeux Road, Central."
17*
United Aircraft
48+
17*
| United Airlines Trans
204
17.
United Corpo,
21
16+
United Corpn. $3 cum pf.
37
621*
United Gas Corpn.
11
201
United Gas Improvement
12
144*
UB, Industrual Alcohol
257*
281
U.8. Rubber
20+
27
US. Rubber $8 pfd.
96
15
0.8. Steel
60
98
Vanadium G
371
Amoy
67
Valtee Aircraft
10
Bombay HARLA
531
Walworth Co.
5%
287
Warner Bros. Pict.
31
201
Westinghouse. Elec.
1131
Jinimu
Bewaring
Lobe
3
Woodward Iron Cor.
253*
70
Chase National Bank National City Bank
*34*
284*
-bid
I-ex div.