MAY 10, 1940. STOCKS
Last Sale
MAY, 15, 1940 STOCKS
Last Sale
*}
May 14
May 14
Adams Express
错
327
Alleghany Steel Co
201
Lakey Foundry & Mas. ..........
21
On demand
370
Allied Stores
6
Allis Chalmers
294
| Libbey-Owens-Ford Glass 384
Lockheed Aircraft
On Singapore:-
301
On demand
89 1/8
Aluminium Ltd.
73
Loaw's Inc...
217
On Japan:-
Amer. Can
103
Loft Incorpersted
26
On demand
83.
American Cyanamid B
31
Mack Truck Inc.
194
New York, May 14, 1943.
On India
Amer. & Foreign Power
11
Martin, Glen L
37
Telegraphic
Transfer,
Amer & Foreign $7 pí. .....
18
McKesson & Robbins, pí4. 221
Fas 1/4
SINGAPORE RUBBER
American Gas & Elec......
3011
Monsanto Chemical
1001
On New York:---
Amer. Locomotive
141
Montgomery Ward
40
Amer. Metals Co.
17
National Aviation
11
Amer. Radiator
51
Nät, Dairy Products
241
Da Batavia!--
OCT.-DEC.
Amer. Rolling Mil
11
Nat, Distillers
201
Amer. 8'ting and Ring Co.
431
National Gypsum
7
On demand... On Paris:-
35.1/9
Amer. Sugar Refining..............
17
National Lead
19
Amer. Tel, & Tel......
154
Nat Power & Light
63."
SPOT
Amer. Tobacco "B"
781
National Steel Corp.
58.
41
On Balgon:-
JUNE
Amer. Waterworks
73.
On demand
109 1/4
JULY-SEPT.
Anaconda Copper
25
New York Central
111
On Manila:-
Atchison, T. & 8. Fe.
18
Niagara Hudson Power
*
On demand
38-1/2
OCT.-DEC.
JÁN.-MARCH
Auburn Motors
11
N. American Aviation .:.
15
In Bangkok:-
Aviation Corp.
5
North American Co.
181
On demand.
150
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE.
QUOTATION
(REUTER'S KERVICE)
Kennecott Copper....
National Supply Corp.
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
MAY, 13, 1940
On London:---
... Telegraphic Transfer. 1/2 13/16 Bank Bills, on demand 1/2 13/16 Credits 4 months' sight 1.31/8 On Shanghai:---
and demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY" MARKET REVIEW
Bank Bills, on demand 19 1/4 Credits, 60 days' sight 20. 7/8
SFOT JULY-SEPT.
Bank Bills, on demand 1088 Credits 4 months' sight 1140
· ́ (FROM PAYNE & CÓ).
Previous May 14
Closing Opening Closing "Change
THURSDAY, MAY 16, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised Capital 850,000,000
Issued & Fully Paid-Up 850,000,000 Incorporated by Royal Charter, 1853
Reserve Funds:
Paid-Up Capital Sterling
£6,500,000 Reserva Fund
.............£3,000,000- H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
prietors......
HEAD OFFICE: LONDON:
Reserve Liability of
Proprietors
11
$20,000,000
Head Offer: HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman..
J. K. Bousfeld, Esq., A. H. Compton, Esq., Hoo. Mr. S. H. Dodwell,
G: Miskia, Esq.,
T. E. Pearce, Esq.,
Hon. Mr. A. L. Shields,
Sir Vandeleur M. Grayburn,
Chief Manager.
„£3,000,000.
4
38, Bishopsgata 1.0.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.3. West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch:
62, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES: ALOE STAK HARBIN PENANG
AMRITWAR
BANGKOK
BATAYLA
BOMBAY
IGNG TONG TAAGOON ILOILO
KARADE:
CALCUTTA KLANG
AGENCIES: KOBI Our BIKE
FADELIN PEACH CANTON
CAWAPOR
KUALA
BAIGON
SKEMBAN
SHANGHAI
-SINGAPOR
'BIZIA WAN
NOURABAYA
1
LUMPUR KUCHING
TAIPING TIENTSIN TONGKAN
(Bhuket)
Buyers
Bayers
|
33-1/4
38 cts.
37 cts.
36-3/4
38-5/8 37-1/8
up 3/8
wp 1/8
38 cts.
35-3/4
30 cts.
unch.
The market was steady but quiet. LONDON RUBBER
E. S. Morrison, Esq.,
buyers
11-15/16
Previous close Today's..close
buyers 11-15/16
Change
C. C. Roberta, Esq.,
11-15/16
11-15/10
unch. unch.
12-1/16
12-1/16
unch.
22
11-15/16
oft 1/18
11-7/8
11-3/4
off 1/8
Bell Aircraft Corp.
Bacock & Wilcox
Baldwin Lecometive
Baltimore & Ohio
Barber Asphalt Co..
Barnsdall Ou
Bendix Aviation
24
Northern Pacific
€
On Sterling Notes:-
15)
Owens-Illinois Glass Co.....
54
Bank Buying Rate
1/4
31.
Pacific Gas & Elec
291
Bar Silver per oz
99 1/2
111
Pacific Lighting
41
91
Packard Motors
**
Market Report
201
Pan-American Airways
101
FROM, ROZA BROS.
20
Paramount Pictures
5
Bethlehem Steel
701.
Pennsylvania R.R.
171
Bliss & Co.
16
Phelps-Dodge
341
of
Boeing Airplane Co...
20
Philadelphia Read, Coal
+
Borg-Warner
161
Phillips Petroleum
321
Bridgeport Brass Corp.
10
Pittsburg Coke & Iron
54
Silver prizes rose to the extent both Ready and 1.3/16 for Forward, the quotations being 22.
·1/2
and 22.3/8
respectively. American Silver was quoted at
Briggs Mig.
16.
Public Service of NJ.
341
34.3/4 for Spot.
Brooklyn-M'hattan Trans.
201
Pullman Inc.
18
Brooklyn-Manhattan, $8....
107
Pure Oll
81
Budd Mfacturing Corp.
31
Radio Corpn. of Am, come
51
Onandiani PROLLC. R'WEY
35
Reading Company, Com
11
I/E.
Cast, JI.......
Celanese
STY
Reading Company, Ist pid
MARKET
25
Firm
Remington Arms Co., Inc.
4.
Chesapeake & Ohio
354
| Republic Aviation Corp. ...
41
Chrysler Corpn.
66)
Republic Steel
161
Climax-Molybdenum Co.
30
Revere Cop. & Brass Inc.
æt
Colts Patent Fire-Arms
791
Reynold Tobac. "B"
37+
Columbia Gas & Mec.
5.
Richfeld Of
62
Commercial Credit Co.
Columbia 8% '"A" pl.
Com, & Southern (@rd.)
Consolidated Edison
85+
Safeway Stores
38
341
Schenley Distillers
10"
1
Sears (Roebuck
71
27.}
Shell Union of
94
NEW YORK COTTON Close
Consolidated C
Continental Can
63
Socony-Vacunum o
#
.30
Southern Pacific
81
Continental Off
211
Southern Rly $5 pfd.
181
Copperweld Steel
19
Sperry
39
Corn Products
53
Spicer Manufacturing. Co.
20
Curtiss Wright (C))
8
Standard Brands
6
. Opened with sellers at 19.3/4 | with business done towards the close at 19:13/16 for Spot. The market closed with sellers at 19.11/18 buyers at 19.7/8 for Spot.
May
July
July (New contract) October ( }
Curtiss Wright "A"
241
Stand Gas & mec.
14
December ( January
Deere & Co.
171
Standard Oil of Californiła
2011
Distillers Corpn. Séagrams
16
Standard" Oll of NJ.
374*
March C Spot
Douglas Aircraft
81
Stone & Webster
64
161
Du Pont de Nemoura
Studebaker Com
71
Eagle Picher Lead
71
Swift International
24
Eaton Mfg. Co.
28
,
Elec. Autolite
Technicolor
32 Texas Corpn.
121
401
Elec. Bond & Share
4
Texes Gulf Sulphur
291
Elec. Bond & Share $5 pf:
551
Timken-Axle
204
Elec Bord & Share $0 pt.
64
Trans-America" Co.
51
Elec. Power & Light S7 pf.
25
20th Cent. Fox.
13
Flak Rubber
20th Cent. Fox, $1) pf.
187*
Shanghai Exchange
May
July
"
September
December
January
SHANGHAI DOLLARS Opened with sellers at 360 and then rose to 394. Towards the close the market dropped to 387 for Spot.
SHANGHAI MARKET : Sterling opened with sellers at 3.23/32 but firmed up towards the close with sellers of Sterling at 4d for near.
The last notice day for May 'cotton:-22-5-40. Total sales Monday:-72,300 bales.
NEW YORK RUBBER
>
14
Filntkote
Union Bag & Paper Corp.
131"
Total sales: 5,400 tons.
Gen. American Trans.
45
Union Carbide & Carbon
73
311
Shanghai, May 15 (Reuter).
Official T.T; Rates
CHICAGO WHEAT
Gen. Electric
Union Pacific ....
85
Gen. Motors
42
United Aircraft
451
London
Opening
May 0/3-1/4
.........
Gen. Railway Signal
12
United Airlines Trans
161
New York
4-1/4
Jely
Gen. Tire & Rubber
131
United Corpn.
17
Japan
18
September
Hidden Co.
132
United Corp. $3 cum pf. 33
India
18"..
Goodrich (B.F.)
12
United Gas Corpn.
11
Paris
2.39
Goodrich $5 pt.
53...
United Gas Improvement 111
Hongkong
21-3/4
Goodyear Tire & Co.
161
Great Northern Iron Ore ..
121-
U.S. Industrual Alcohol U.S. Rubber
19
221
Sellers
May
Great Northern Ely, pid.
223
US. Rubber 3ố" pid,
841
Opening Closing'
July
Great Western Bugar ...
23
U.S. Steel
511
Spot 0/3-3/4
0/3-17/32
September
Greyhound Corpn.
114
Vanadium
331
May ......
0/3-23/33 0/3-1/2
WINNIPEG WHEAT
Hercules Powder Co,
261
Vultee Aircraft".
74
Homestake Mining
51
Walworth Co. i
34
May
International Harvester Int Nickel
·477
Warner Bros. Pict.........
2+
Spot
$4-13/14
July
24
Westinghouse Elec,
96.
October
May
Inter. Paper & Power
15
Woodward Iron Cor...
231
June .....
NEW YORK HIDES
Int. Tel & Tel
21
Chase National Bank
283*
Johns-Manville
59
National City Bank
231*
J. & Laughlin Steel $7 pfd. 55
•-bid.
1-ex, div.
NY-London Cross Pate 3.16
DOW JONES AVERAGE
May 15, 1940.
The London New York CrUSA- rate was quoted at 402.1/2. New York/London was quoted at 320.
STERLING
A small business was" done dur- ing the early part of the Mom- ing at 1/2.29/32 for near "dell- very. The market closed with sellers at 1/2.29/32 May/Novem- ber, buyers at 1/215/14 for any delivery,
..
U.S. DOLLARS
June.... 0/3-19/32
U.S. Dollars
34-15/16
4-7/8
4-21/32
Silver Dáty Rate
The Central Bank of China's rate on London at 10 am today WES 1/2-1/2d.
The Equalisation rate was 19 per cent.
High Low Dow Jones Averages. May. 13, High Low Close Change India Rupee Paper
··1930/40
155,92, 121.41 30 Industrials
35,90 24.14 20 Rails
27.70 20.70 20 Utilities
137.63 97.83
22 62
136.85 128.11 128.27 9.36 off
- 27.47. 28.$6 2033 1,00 Of
02 22 84.51 40 Bonda
87.20
85 67 45.89 11 Commodity Index 61.80
NEW FINANCIAL AGREEMENT
Bombay, May 14 (Renter)...
22.16 20 88 20.00 1.82.off Government 31% Rupee, 93-08-0
85.99 1.21 off 68.78 3.02 off Business Done :---3,880,000 shares
SILVER MARKET
LONDON SILVER: London, May 4 (Reuter). LONDON, May 15 (Reuter)-The
Silver.-Indian and speculative Treasury has announced that the
démand found scarcity of offer- British Chancellor of the Exche-
Mar- quer and the Belgian and Frenching. Dustness very small. Finance Ministers have concluded ket uncertain. In the afternoon,
a tripartite financial agreement
the market was quietly steady,
nominal,
Calcutta Exchange
Calcutta, May 14 (Rétter), TT, on Japán, 99-7/8.
LONDON
METALS
EXCHANGE
London, May 4 (Reuter)..
TIN
buyers
sellera
£
3
whereby reciprocal 'inancial fach)./ with small buyers at the rate but Standard, Cash 285-1/4 265-1/2
ties for the settlement of their no offerings,
expenditures are granted as be tween · Belgium and France on the one hand, and as between Belgium and the United Kingdom on the other hand.
This agreement is a token of "the financial and monetary sol- darity of the three countries, with
view to their common "victory.
Spot, 22-1/2d. Forward, 22-3/84,
BOMBAY SILVER Bombay, May 14 (Reuter). Market-Firm, Oftake. 100 bars. "Indian"Mint Silver. Ready....... 81-15 June 3 Bettlement ̈ July 2 Settlement"
62-00
02-03
Standard,
3 months 282-3/4 263 Standard, Bet'ment Price 265-1/4- Straita
285-1/2 to 290-1/2
LONDON GOLD
London, May 4 (Reuter). Bar Gold, Fine per os., 188,
The market was quietly steady. NEW YORK COTTON: Heary foreign and local liquidation on news of the Allied set-back, the weakness of stocks and the hea- viness of the textile market were all depressing factors. There was however, some Trade support on the scale down!
NEW YORK RUBBER: The market is redecting the increasin.g uneasiness with regard to the NEI, situation following news of fur- ther German advances,
CHICAGO WHEAT: General liquidation on the unfavourable European war news and lack of confidence and support caused session when longs. sold prices to decline steadily until the noon freely. Each dip "uncovered the press of stop-loss orders.
Previous close, 137.83; Today's close,
NEW YORK STOCKS: 128.27; Change, off 9.38.
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
New York Cotton, July New York Rubber, July Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides. June
June......
September
December
New York Official
.50 off
Dairen
Tokyo Taingtoo Yokobama
(Peking) "
YOKOHAMA
FORE.ON EXCHANGE and General Banking Business transacted.
CURRENT Accomite opened and FiSED Dirosita received" for Que Year or shorter periods in Local or Other Currencies "at rates which will be quoted on application..
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED PUSITE on application.
received for one year or shorter periods in Local and other Our-
The Bank's Head Office in London
rencies on terms which will be undertakes Executor and Trustos business, and claims recovery of quated on application.
Also up to date SAFE DEPOSIT British Income Tax overpaid, on Boxza in various sizes To Lar.
terms which may be ascertained at Hong Kong, 28th February, 1940.
any of the Agencies and Branched.
R. A. CAMIDGE,
Manager.
HONGKONG SAVINGS
BANK
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S BOAD, CENTRAL” in conducted by the HONGKONG
E SHANGHAI BANKING, COR- PORATION. Bules may be obtain- ́ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong. 5th Feb., 1932.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital 5,508,600.00 Reserve and Undivided
Profita
.5,923,981.00
Hend Officer-HONG KONG No. 10 Das Voenz Road, Central,
Board of Directors:
SIR SHOUSON CRzow, Chairman Lt Koon Chan, Esq. Li Laa Sing, Eng. P. E. Kwok, Esq. Wong Chu Sos, Esq. Wong Tan Tong, Esq. Kan Ying Po, Bag, Chan Ching Shuk, háy. Fung Ping Wah Lag KAN TONG Po, Esq., Chief Manager LI THE FONG, Esq, Manager
Branches and Agencies!-
Kordoos Penso Singapore Bangoos
Pelping
Semarang Shangha
Sourabaya
VAUVOJ
HEAD OFFICE:
18, PINE STRENT
NEW YORK, An American Bank onering com-
plete Foreign Banking ServiOn in the principal Markets of the world. Interest Rates on Application.
-SAFF DEPOSIT BUXES
This Bank is entirely owned by THE CHASE NATIONAL - BANK, NEW YORK, with Emsources of ovál +0.8.$1,900,000,000,
D. M. BIGGAR,
Second Vice Prís
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 CHINA) Owing to our numerous Branches. in China and connections in the principal Commercial Centres of the World, we drẻ shif th extérid o our Clients spécial facilities for Domestic and Foreign Banking' and Exchange.
Rekď OMɛé: SHANGHAI Hong Kong Branch:
QUEEN'S ROAD, C., South China Offices:
Every description of Banking and Exchange business transacted. Loans granted on approved securities
Current Accounts opened in Logal Currency and Fixed Depozite rCANTON ceived for one year or shortar
SWATOW periods in Local and Foreign Cur- SHIUCHOW rencies, on terms, which will be quoted on applicatión.
JAPE DEPOSIT Boxes To Ler.
KAN TONG PO;
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
TO
SWATOW, SHANGHAI, TRINGTAU, CHEFOO
And TIENTSIN
KOHE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers bérth alongside the Roddevelt „Terminal in the French Concession, at Shengbai, 'where passengers and cargo are landed.
For further particulars
please apply to-
JARDINE MATHESON&Co.,LTD
TELEPHONE 303IL • GENERAL MANAGERS.
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Fublic Funds of the Chinese Government both at Home atid Abroad.
SHOU J. CHEN
Ménagère
THE KWANGTUNG PROVINCIAL BANK
Incorporated in China) General Banking Facilities and Finsbótil Agonista, "Ta Provincial Givorstedt of Kwangiang Head OfcomBhiukwan, Kwangtang Provision Hongkong Branch-Queen's Bldg., à Chater Bel. “Üáhli Áddrókké.—“PROVINCIAL” 2015, 9683. Telephones:
20112, 20113, 20143;/20181, 31881. BRANCHES THEOUGHOUT SOUTH CHINAŠ Correspondenté in New York and Lendon Paid Up CapitalTM .............. "N$10,000,000. Reserve Caplía). N$10,500,000.
AUYANG MINLY.
Hengking Manager.
A Job?
Consul
WANT ADS
Amoy
Branches: Johore
Bangkok Kobe
Batavia Bombay
Kowloon
Rangoon Saigon San
CASU
MADRAS
DOLOMBO
MANILA
DELUI
MEDAN
TSINGTAO
Kuala
Francisco
AIPHONG
Calcutta
Kumpur
Shanghai
Canton
London
Singapore
HAMBUEQ HANKOW
NEW YORK PELFING
Chefoo
Lyons
Sourabaya
Colombo
Malacca
Sungei
Manila
Patani
Foochow
Muar
Swatow
Haiphong
(Johore) Tientsin
..Backow
Mukden
Harbin
Iloilo Ipoh
New York Peiping
Penang
ال
9.99 22.55
1052 96
671 61 13.77 13.40
High Low Close Close Change..
Prev, Today's 9.35 10:40 9.54 50 off. 21.50 21.55 22.40
קטר 85,
106
674 621
90A 10 off
51 off 13.82N 13:40 22 "off
Opening
Closing
Change
10.39/40
10.37/31
9.83/88
.51 off
10.04/06
$.95/96
9.54/55
.50 aft
10.20/22,
10.03/08
9.70/70
.50 oft
...... 9.73/74
9.63/62
9.24/26
.49 off
9.81/61
9.51/51
9.13/13
$50 of
9.56 N
9.45/45
9.00 N..
.50 off
9.46 N
10.48
9:35/35
8.95/05 9.98
.51 off
23.10 N
23.45 N
35 ub
21.55/55
20.61/62
19.95/97
21.55/50 20.65b/67a 20.10/08 19.85b/88a 19.95/95
22.40/45
.85 up
21.25/25
B4 wp
20.50/59
55 up
20.44 N
.53 up
1057/1052
1058/105)
1064/106
951A
off
1049/104) 1051/1041
95 A 96 A
Monday's sales:---33,202,000 bushels.
CHICAGO CORN
Aploy
663/551
611/613-
BALAZ
Looden
671/071 861/882 611/821 672/67# 67/683
Bony
621/621
51 off
Halping
Kankow Honolul
Вело Melbourne San Fran- "Sydney. Nagliks
cont Now York Beattle. Parla
no lyg
Kabe
891b 907/91 9310
891/831
847/841 351/86 881b
4)GE
5 off
41
13.62 N 13.94/04
... 14.20/23
12.55/55 13.40/48 12.85/95 13.71/79 12.20/24 14.01/01
22 off 23 on .19 off
34-3/4
34-3/4 3.30-1/4