MAY 10, 1940, STOCKS
1
Alleghany Steel Co.
Allied Stores
Allis Chalmers
Aluminium Ltd. ........................
Anna. Ch
American Cyanamid 9,...,377
Amer. & Foreign Power
AmerForeign $7.pf.
American Gay & Mec
Amer, Locomotive
Previous
May 11
Closing Opening Closing Charge Buyers Buyers
Amer. Metals Co.***
Amer. Radiator....
Amer. Rolling Mill
38 eta..
Amer. Sting and Ring Co.
38-3/4 35-3/4
Market closed
Amer, Sugar Refining
Amer. Tal & Tel.
Amer, Tobacco "B" ...
Previous close Today's close
Amer. Waterworks
buyers
buyers
Change
Anaconda Copper
12-1/8
Atchison, T. &.9. Fa
12-3/16
41
Aubum Motors
12-5/16
Market closed
Aviation Corp.
12-5/16
12-1/8
Bell Aircraft Corp.
Bendix Aviation
Bethlehem Steel Bliss & Co.
Boeing Airplane Co.
Borg-Warner.
Bridgeport Brass Corp.
Briggs Mig.
Opening
London
New York ......
Japan
0/3-1/4 4-3/8 18-3/4
India
18
Paris
Hongkong
2.39 21-3/4
Sellers
Opening
Closing
Spot
·0/3-15/320/3-1/2
May
9/3-13/32 0/3-15/31
U.S. Dollars
Spot-
$4-3/4
May
4-21/32
$4-25/32 4-23/32
·Brooklyn-M'hattari
Budd M'facturing Corp. Canadian Paoloc R'way
Celanese
Chesapeake & Ohio
Chrysler Corpn.
Climax-Molybdenum Co.
PAGE 10-HONGKONG DAILY PRESS
FOREIGN MARKETS AND QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
MAY 11, 1940,
On London:
Telegraphic Transfer. 1/2 13/16 Bank Bills, en demand 1/2 13/18 { Credita 4 months' sight 1/3 1/8
On Shanghai:— ".
"On demand
On. Singapore:-
PAYNE & CO.
COMMODITY, BROKERS STOCK EXCHANGE · BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO)
400
On demand
.41. 02 1/2
On Japan
New York, May 11, 1940.
On demand
80
On India:
SINGAPORE RUBBER
.Telegraphic
Transfer.
-82 1/4
SPOT
On New York:---
JULY-SEPT.
OCT-DEC
and demand
Bank Bills, on demand 18 1/2 Credits, 60 days' sight 20 7/8
"The rubber exchange will be closed on Monday, LONDON RUBBER
On Batavia :—--'...
On Patis:
On demand
Bank Bills, on demand 1085. Credits" months sight 1140
*****... 34 1/2
SPOT
JUNE
On Saigon -
JULY-SEPT.
On demand
108 1/4
OCT-DEC
Ön Manila:-
On demand
37
On Bangkok
On demand
153
On Sterling Notes:-
Bank Buying Rate
1/4"
• Bar Stiver per on
31
Shanghai Exchange
FINANCE
NEW YORK STOCK EXCHANGE
Adams Exprões
Shanghai, May, 13 (Reuter).
Oficial T.T. Rates
JAN.-MARCH
After ruling quiet. the market closed steady on United States enquiry..
NEW YORK COTTON: The firmness of May position under liquidation, some Inflationary sentiment, the scarcity of contracts and the possibility of further Washington developments with re- gard to Farm legislation were all elements....of today's strength; however, the apathetic state of export demand and the crop out- lock were restraining influences.
NEW YORK RUBBER: The tight spot situation remains un- changed.
'CHICAGO, WHEAT: Reports of favourable weather "conditions in Canada were offset by reports of rust damage in Western Texas. NEW YORK STOCKS: Previous close, 144.77; today's close,
144.85; Change. Up 03.
NEW YORK' COMMODITY - MARKET
Bacock & Wilcox Baldwin Lecometive Baltimore & Ohio Barber Asphalt. Co. Barnsdall C
Case, I....
QUOTATION (REUTER'S SERVICK)
MAX, 12, 1940. STOCKS -
Larey Foundry & Mac. ........
Last Skle
TUESDAY, MAY 14, 1940.
BANKS
HONGKONG & SHANGHAI THE "CHARTERED BANK OF
BANKING CORPORATION ́ ́ INDIA, AUSTRALIA
AND CHINA
11
Authorised Capital......
$50,000,000
Issued & Fully Paid Up $30,000,000 Incorporated by Royal Charter, 1835
Reserve Funds:
£8,500,000 Paid-Up Capital
£3,000,000 ...£3,000,000
£3,000,000
H.K. Currency Reserva $10,000,000 Reserve Liability of Pro-
Board of Directors: H. V, Wilkinson, Esq.,
Chairman:
Hon. Mr. J. J. Paterson,
Deputy Chairman.
J, K. Bousfald, Esq., A. H. Compton, Ex..
Reserve Fund......
prietors .......
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.3.
Sub-Agencies In London: 117/19, Leadenhall Street, E.0.3 West End Branch:
14/16, Cockapur Street, S.W.1. Manchester Branch:
↓
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES
ALOR STAR AMRITSAR BANGKOK BATAVIA
Last Sale
May 11
May 11
пр
Kennecott Copper
351
251
À
10
73
| Libbey-Owens-Ford
Class
48
321
Lockheed Aircraft ..............
387
89
Loew's Inc.
33
Sterling
1113.
Loft Incorperated
231
Mack Truck me.
24
Reserve Liability of
It
Martin, Glen L
441
Proprietors
.$90,000,000
221
McKesson & Robbins, pf4. 261*
344
Monsanto Chemical
1134
Head Otich: TONG HOra
191
Montgomery Ward
45
214
Natiotial Aviation
141
Nat, Dairy Products
17
P
141
Nat Distillers
234
501-
National Gypsum
31
21
National Lead
20
171
Nat. Power & Light
71
85
National Steel Corp.
641
Hon. Mr. S. H. Dodwell,
91.
National Supply Corp.
81
G. Mlakin, Esq.,.
-304
New York Central
147
K. S. Morrison, Esq.,
201
|Niagara Hudson Power
5
T. E. Pearce, Esq.,
14.
(N. American Aviation
231
0. C. Roberts, Esq.,
71.
North American-Co.
201
Hon. Mr. A. L Shield,
MOMBAY
KARSIK
PERANG HONG KONG MANGOON ILOILO 1P0H TARAUHI
SAIGON
SEREMBAN
SHANGHAI
CALCUTTA ELANO
SINGAPOR
271
Northern Partne
8
191
Owens-Tilinois Gliss Co.
561
41
Pacific Gas & Elec
311
Brakebus:
144*
Pacific Lighting
431
11
Packard Motors
Amoy
W
34,
883
221
201
13
211
Trans.
223
Brooklyn-Manhattan $6.... -105"
4+ 47
"
313
394
811
36*
(REUTER'S SERVICE)
Colts Patent Fire-Arma
84
£
War Loan, 3% (Red
after 1952) Canton-Eloon Rly. 5% 14 Chinese 41% Gold Loan
Market: Qulet but steady.
Silver Duty Rate
The Central Bank of China's rate on London at 10 a.. today was 1/2-1/2d.
New York Cotton. July New York Rubber, July Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, June NEW YORK COTTON
May
The Equalisation rate was 10 July per cent.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London. May 10. 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.
July (New contract) October
May July September December January
Total sales-3,850 tons.
CHICAGO WHEAT
High Low Clase Close Change
Prev. Today's 10.05 9:87 9.88 10.01 22:50 21.80 22.11 21.87 109 108 1031 1087 693 631 691 691 14.12 14.00 13,92 14.06
Columbia Gas & Elec. ..............
57
Columbia 6% "A" pf.
.891*
Commercial Credit Co.
041
.13 up .24 off
Com, & Bouthern (Sird.)
-11
Consalidated Edison
301
unch..
Consolidated Ou
7+
unch.
Continental Can
444
.14 up
Continental Oll
23
Close
Opening
Closing
Change
Copperweld Steel
234.
10.21/25
10.21/22
10.35/35
.14: up
Corn Products
581
9.88/89
9.89/88
10.01/01
13 up
Curtiss Wright (C.)
11
10.06/06
10.03/03
10.16 N
up
Curtiss Wright "A"
281
1
> .... 9.60/61
9.57/58
9.70/70
typ
Deere & Co.
21
December (
9.48/48
9.47/48
9.58/59
.10 up
Distillers Corpn. Seagrams
18/
January
>
9.42 N
9.41/42
9.51/51
09 up
Douglas Aircraft...
921
March
9.32/33
9.32/33
9.43/43
11 up
Du Pont de Nemours
185
unreed,
10.45 N-
Eagle Picher Lead
10*
Eaton Mig. 00..
Total sales Friday: unquoted.
331
Elec. Autolite
373
NEW YORK RUBBER
Elec. Bond & Share
23.50b/754
22.11/11 22.90/30
23.20b/25a .30 off 21.87/90* 24 off
Elec. Bond & Share $5 pt.
581"
21.47b
21.85/50
21.10/12
:37 off
Elec, Bond & Share 38 pt. Elec. Power & Light $7 pr.
67%
31
21.12b
21.05b
21.15/20.85 21.08/03
20.42/45
60 off
Fisk Rubber
161
20.29 N
76 off.
Flintkote
Gen. American Trans
35
Gen. Electric
521
Gen. "MotorS
154
982
May July
... 1087/1082
1083/1081
1037/1083
unch.
Gen. Railway Signal
September
1898 (Brit. Issue) ...... Chinese 5% Gold Bonds.
1925-47
55
1084/1081 108+/1081 1087/109 1081/1082 1081/109
Friday's sales:-46,181,000 + bushels. CHICAGO CORN
i up unch.
Gen: Tire & Rubber
161
101
Glidden Co.
16
Goodrich (BF)
60*
Goodrich $5 pi.......:
51
Goodyear Tire & Co.
191
Chin. 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan.
1912
Chinese 5% Reorg. Loan,
1913 (Ldn. Ts.)
Chinese 0% Ster. Notem
1925 (Vickers)
Chin. Imperial Rly. 5%
· Loan.....
Homan Rly, 5%
49
10
59
ཁྐྲ་ན ལུ་ སྤྱི་ བྷཱུ བྷཝ
May
681/681
68/681
'Great' Northern Iron Ore
151
July
September
69/687 » 681/681 -094/601
681/69
unch.
Great Northern Rly, pid,
201
.891/69"
691/691
unch.
Great Western Sugar ..............
273
WINNIPEG WHEAT
Greyhound Corpyn, wi
131
May
90/901-
8916
off
Hercules Powder Co,
BT1
321
July
October.....
911/911 941b
. 91/911
907/81 93fa
1 off
Homestake Mining
541
International Harvester
51
1 of
Int Nickel.....
271
NEW YORK BIDES
-Inter. Paper & Power
191
June
September
14
December
13.92/94 14.23/25 14.59/53.
14.00/04
14.06/08
כט 14.
14.45/41.. 14.74/82
.14.35/38
.12 up
Int. Tel. & Tel..... Johna-Manville
3
14.63/68
,15 up
Hukuang Rly. 5% 1911...
13
J. & Laughlin Steel 37 pfd.
681* 657
New York Official
34-3/4
unquoted
Bukuang Rly. 5%, 1911
(German Issue)
3.28/3.31
18
-bid.
Lung Tsing & U.Hal
Aly. 5% 1913
12
Shai-N'King Rly 5%
20
Tientsin-Pukow Rly..5%
155.99 121.41 30 Industriais
35.00 24.14 20 Rails
1939/40
ધ DOW JONES AVERAGE
High Low Dow Jones Averages,
May 19, 1940, May. 10, High Low Close 144,77
(Brit. Stpd.)..
12
נני
Tientsin-Pukow Rly, 5%
German Stpd.).
12
Tientsin-Pukow. Rly.. 5%.
(Brit. Stpd, Supl.” Loan) - 12 Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl Loan)
12
Jap, 5% Ster. Loan, 190
40
Jap. Ster. Loan, 1924
48
Ger. 7% Intl. Loan, 1924
6
Chartered Bank
HK. & Shal Bank (Ldn.
Reg.)
fin, oil and cotton.
B.K. & Shai Bänk (Col.
·Reg).
$3
Chinese Eng. & Mining
director of the Agricultural Credit
talks
TO
(bearer).
10
Chosen Corporation
6/6
and TIENTSIN
Pekin ayndicate
2
Shal Elec. Constr. Co.
15
Shal Waterworks "A"
15
Union Insurance A.................
20
Imperial Chemical Ind.
Guinness (A) Son & Co. (77) Hawker Siddeley Airc. 12/6 Bristol Aeroplane
14/ 31+
Allied Ironfounders.....
Gula Kalumpong Rubber 18/1
14
Imperial Tobacco ....... *105 Marks & Spicer "A" ord. 39.
܆
Asso, & Elec. Industries 39/3
Rolls Royce
83/9
Austin Motors, ord
15/8"
Leyland Motors
70
Burma Corporation Commonwealth
3/7
Mining
Cable & Wireless, New
Tate Lyle,
$3/3
"Marsma'n· Investments
12/0
Form, ord.-.....
531
Turner & Newall-
04/9.
Randfontein Estates
41/3
B.-A, Tob. (bearer).... 9577)
United Steel
237
Western Holdings ......... 13
Mercantile Bank
121
Smethwick Drop Forg.
13/0
Sub-Nigel
108/0
Cammell Laird, ord...
"
Armstrong Stevens, ord.
7
Tanami Gold Mining ...
Mexican Eagle
Přessed 'Steel, com.
18/8
Anglo-Iranian.
47/8.
Courtauldse
Distillers
Dunlop Rubber
38/3
Vickers, ord, de
16/9
Burmah
66/101
63/8"
Woolworths
50
Ebell Trans & Trad.
32/9
Anglo-Dutch
20/P
(bearer
68/101
Gen. Electric (England) 79/3
Rub, Plant. Invest. Trust 27/6
• Nominal
NY-London Cross Rate 3.15
ANOTHER TRADE
·AGREEMENT
STABILISATION
OF PRICES
* BELGRADE, May 13 (Reuter)-|· KUNMING, May 13 (Central)---
| Yugoslavia has signed a trade and Mr. Y. "S. Djang, director of the navigation pact with Soviet Rus- Commission for Price Stabilisation. sia and it is designed to increase Sales and Purchase, will shortly their trade, within the next two arrive here from Chungking to years by over £1,000,000.
discuss practical measures for Russia will buy copper, tin, lead, price stabilisation in Yunnan. zinc and lard from Yugoslavia
Principles in this regard, it may
while the latter will buy from be recalled, have been agreed upoñ
97.70 20.20 20 Utilities 22222 8451 40 Bonds
Lumpar Shanghai HAMBURG
NEW YORK
PELPING
Singapore HANKOW (Peking)
Haiphong (Johore) Tientsin
Mukden Tokyo New York Tsingtao Peiping Yokohama
Penang
TSINGTAO TOKOHAMA
FOREIGN EXCHANOR and General Banking Business transacted.
CURRENT ACCOUNTS 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 ACCOUNT's also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Offee in London
CURRENT Accounta opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Our rencies on terms which will be undertakes Executor and Trustee quoted on application.
busineas, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
B. A. CAMIDGE,
Manager.
Atso up to date SAYA DEPOSIT BOXES in various sizes To LET Hong Kong. 28th February, 1940.
HONGKONG" SAVINGS
BANK
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
For the HONGKONG SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
BANK OF EAST ASIA, LIMITED
Authoriend Capital.....$10,000,000.00
Head Office:-HONG KONG
No. 10 Des Voeur Road, CentralÏ.
Board of Directors;
SIE SHOUBON CHоw, Chairman
Li Koon Chun, Esq.
Li Lan Sang, Esq. P. K. Kwok. Esq. Wong Chu Son, Esq. Wong Jun Tong, Esq. Kan King Po, Bug. Chan Ching Shok, Esq. Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager LI THE FOXG, Esq., Manager
Londeu Bombay Maziļa CHUMA
Branches and Agencies:-
Kovoca PRAKSE Bingapore Kangoon Sourabaya Belgon Bytow Bad Fran- Bydney
[clace; Kantile
Hi-Low
Bonsiala
Kobe
Melbourne Karinks
New York deattle
Petping
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed-Deposits re- ceived for one year or aborter periods in Local and Foreign Cur- rencies on terms which will be quoted on application.
SAFE LEPOSIT BOXES TO LET."--
KAN TONG "FO,
Chief Manager.
INDO-CHINA
Russia farming implements, para-between Gen. Lang Yun; Governor STEAM NAVIGATION COMPANY LTD
Each country Will maintain
of Yunnan, and Dr. Franklin Hò,
trade delegations in the other's Administration, in their recent. Operating Services for Cargo add Passengers capital.
A semi-official municipal bank" will be established here sometime In July. Capital of the new bank has been fixed at $2,000,000 which has already been fully paid up.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
KOBE and OBAKA
SINGAPORE, PENANG and CALCUTTA··
BANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminalzin the French Concession at ̈
Bhanghai, where passangers and cargo are landed.
For further "partionlars
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE 303II. GENERAL MANAGERS ·
HEAD OFFICE:
18, PINE STREET,
NEW YORK. American Bank offering com- plete Foreign Banking Service is the principal Markets of the world. Interest Rates on Application..
SAFE DEFOSIT BOXES
This Bank entirely owned by THE CHADE NATIONAL BANE, NEW YORK, with Besources of eval 1.8.$2,900,000,000,
D. M. BIGGAR,
Second Vice Pris
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB'AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $49,000,000.08. (BRANCHES ALL OVER CHINA) Owing to our numerous. Branebes- 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: .
CANTON SWATOW SHIUCHÓW
KONGMOON TOISHAN
KINGOHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU, J. CHEN,
Manager:
THE KWANGTUNG PROVINCIAL
BANK
Klowrporated in maják · General Banking Facilites and, Monacial Agents to The Provincial Government of Kwangtung Hand Office-Shinkwan, Kwangteng Province Hongkong Beach -thseen'a ising., & Chater Rd. Cable Addr"PROVINCIAL" 2014, 9448. Telephones:
20112, 20113, 20143, 20181, 81661. BRANCHES THROUGHOUT. SOUTH CHINA Correspondents in New York and Londen Paid Up Capital N$10,000,000.' Reserve Capita] N$10,500,000.
AUYANG MANLY,
Hoogkung nagar.
Job?
WANT ADS
Pan-American Airways
20
Bangkok
Kobe
Sir Vandeleur M. Grayburn,
Chief Manager.
Johore Rangoon
Saizon
CLIT
AGENCIES: KORK
SITIAWAN
HALIN PLACE
KUALA
SOURABAYA
CANTON
LUMPUR
TALPING
CAWNPORE
KUCHING
*Ka
MADRAS
Batavia
Kowloon San
Paramount Pictures
Bombay
Kuala
COLOMBO Star Francisco HAIPHONG
MANILA
TIENTEIN
TONGKAH
(Bhukat)
MEDAN
Pennsylvania FR.
201
Calcutta
Phelps-Dodge
381
Canton . London"
Philadelphia Read, Coal
Chefoo
Lyons
Sourabaya.
Phillips Petroleum
381
Colombo
Malacca
་་་་་་་
Sungei
Pittsburg Coke & Iron
8
Dairen
Manila
Public Service of N.J.
40
Foochow
Muar
Patani Swatow
Pullman Inc.
24
Bankow
Pure O...
10%
Harbia
Radio Corpa, of Am...
64
Iloilo
Reading Company Comm
143
Ipoh
881*. Reading Company, 1st: pid
Remington Arms Co., Inc.
4+*
Repubile Aviation Corp.
61
Republic Steel
211
Revere Cop. ¿z Brass, Inc.
13+
Reynold Tobac...“B”
411
Richfeld Of
7"
Safeway Stores.
441
Schenley Distillers
121
Sears Roebuck
83
Shell Union on
11
Socony-Vacunum oll
104
Southern Pacific
1ik
Southern Rly $5 ptd.
241
Sperry
431
Spicer Manufacturing Co. 32)
is conducted by the HONGKONG
Standard, Brands
T
Stand Gas & Elec.
11
Standard Of of California
211
& SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
Standard Of ôt NJ.
421
An
Stone & Webster
+8
Studebaker Com
94
Swift International
281
Hong Kong, 25th Feb., 1839.
Technicolor
14
Texas Corpn.
451
Texes Gulf Sulphur
35
Timken-Axle
...
26
Trans-America Co.
51
20th Cent. Fox........
7+
20th Cent. Fux. 311 pf.....
197
Paid-Up Capital
5,598,600.00
Union Bag & Paper Corp.
181
Reserve and Undivided
Union Carbide
Carbon
B1
Profita
2,983,261,50
Union Pacific
011
| United Aircraft
511
United Airlines Trans
191
་.
United Corpn. ·
21
United Corpn. $3 cum pt.
38
United Gas Corpn..
11
United Gas' Improvement
121
US. Industrual Alcohol. ...
241
US. Rubber
271..
US. Rübber. $8 pfd.
91
US. Steel
614
Vanadium
411
Vultee Aircraft
97
Walworth Co......
5
Bateria
Warner Bros, Pict.
3
Westinghouse Elec,
*108
Halpheny
Woodward Iron Cor.
251
¥ onver
Paris
Chase National Bank
321"
Bemarang Abanghaf
National City Bank
271*
t-ex, div.
29.79
24.00 87,65
65.67 43.69 11 Commodity Index 62.60
146.84 143.93 144.85 20.94 29.89 -29.81 24.00 23.75 93.81 88.48 62.85
Change
08 up .02 up .10 off ..83 up .28 up
Business, Done-070,000 shares