MAY 10, 1840. STOCKS
• Last Sale
May 18
Adama Express
Alleghany Steel Co..
Kennesete copper
Alled Stores
51
Lakey Foundry & Mac.
28
3
Allis Chalmers.
287
Libbey-Owens-Ford Glass
35.
On Shanghai:-
Aluminium Ltd.
75$
Lockheed Aircraft
331
Amer. Can
AI
Loew's Inc.
24
|On Singapore:---
American Cyanamid B
Loft Incorperated
.......
21
On demand
59 5/8
Amer. & Foreign Power
11
Mack Truck Inc.
201
1.
On Japan:-
New York, May 18, 1940.
Amer & Foreign $7 pt.
144"
Martin, Glen L
37
On demand
83 1/2
American Gas & Elec..
27
McKesson & Robbins, pl. 20
On India:-
SINGAPORE RUBBER
Amber. Locomotive
121
Monsanto Chemical.
944
Amer, Metals Co.
15
Montgomery Ward
371
SPOT
Amer. Radiator.
51
་
National Aviation
121
JULY-SEPT. adiung
Amer. Rolling Mill
11
Nat, Dairy Products
13+
Amer. Sting and Ring Co.
381
Nat. Distillers
20
Amer. Sugar Refining
15
National Gypsum
5Z
The market was quiet. LONDON RUBBER
Amer. Tel, & Tel.
1521
National Lead
∙18)
Amer, Tobacco. "B"
77
Nat. Power & Light
B1-
SPOT
Amer. Waterworks
01
National Steel Corp.
54
JUNE
Anaconda Copper.
221
National Supply' Corp.
S
JULY-SEPT.
Atchison, T. &.S F
142
New York Central
103
On Satgon:---
OCT.-DEO.
PAGE 10-HONGKONG® DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE),
MAY 19, 1940, STOCKS
Last Bale
May 18
5%|J. & Laughlin.Steel $7 pld. ·504.
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
MAY 18, 1940
On London:-
Telegraphic Transfer. 1/2 27/32 Bank Bills, en demand 1/2 27/37 Credits 4 months' sight 1.38/39
On demand 350
PAYNE & & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
. י
COMMODITY MARKET REVIEW
Telegraphic Transfer.185. 3/8
and demand inf
On New York:---
Bank Bills, on demand 19 5/9 Credits, 60 days' sight 20 ̧5/8
On Batavia:---
On demand. 36 3/4
On Paris:
Bank Bills, on-demand 1088 Credits 4 months' sight 1143
OCT.-DEC.
(FROM PAYNE & CO)
MONDAY, MAY 20,
BANKS
1940.
HONGKONG & SHANGHAI THE CHARTËRED BANK OF
BANKING CORPORATION
و راه
Authorised Capital....... 850,000,000
INDIA, AUSTRALIA
·AND CHINA.
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1833
Reserve Funda:..
Paid-Up_Capital ...........£3,000,000 Sterling
£8,500,000 Reserve Fund B.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
Proprietors
$90,000,000
Head Office:HONG KONG
1
Board of Directors?"
H. V. Wilkinson, Esq. ̈
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman. .-J. E. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell, G. Miskin, Esq..
K. 8. Morrison, Esq... T. E. Pearce, Esq.,
C. O. Roberta, Esq.,
Hon. Mr. A. L Shields,
Pir Vandeleur M. Grayburn,
£3,000,000
£3,000,000
HEAD OFFICE; LONDON:
38, Bishopagate E.C.2
Sun-Agencies In' London: 117/122, Leadenhall Street, E.CA West End Branch: 14/16, Cockspur Street, &.W.L Manchester Branch: 52, "Mosley Street, Manchester, 1
AGENCIES" AND BRANCHES:
ALOR'STAR AMRITUAR
BANGKOK |BATAVIA 1.
BOMBAY
PESASC
HARDLY HONG KONG KANDOOS ILOTLA
CALOUTTA
AGENCIES:
KARACHI KLANG KO
BALDOK
BERRIBLY
SHANGRAI SINGAPOR
BITIAWANA
Previous May 18 Closing Opening Closing Change
Buyers Buyers
off 1/2 38-3/4 38-1/4
37-1/4 36-5/8
38-1/4 38-3/4
36-7/8 35-1/4 35-3/8
buyera 11-15/16
Previous close Today's close
buyers
Change
11-15/16 12
Market closed
Auburn Motors
11
Niagara Hudson Fower ...
4
On demand
148 1/2
JAN.-MARCH
11-13/18 11-9/16
Aviation Corp. "..
6
N. American Aviation
201
On Manila:
Bacock & Wilcox
20
North American Co.
181
On demand
39-1,4
Baldwin Lecometive
157
Northern Pacific
On Bangkok:-
Baltimore & Ohio
.31
Owens-linols Glass Co.
514
On demand.....
Barber Asphalt Co.
91
Pacifc Gas & Elec
271
On Sterling Notes:-
Barnsdall Ou...
81
Pacific Lighting
38*
"Bank Buying Rate
149 3/4
1/4
NEW YORK COTTON; Continued foreign liquidation was steadily absorbed by the Trade. The weekly weather forecast favourable. NEW YORK RUBBER: The market is now awaiting quota news.
Amoy
Batavia Kowloon
Chief Manager. CUTE STREET
Branches: Johore Rangoon
Bangkok "Kobe . Saigon
Sab
Fairlin Prack CANTON CAWAPOŁE
KUALA
MATRAS
MANILA
SOURABAYA
LUMPUR KUCHINO
TAIPING
METSISI
СЕВС
TOSUKAH
| COLOMBO
(Bhuket)
MORDAX
TRINGELA
CHICAGO WHEAT: The drastic decline is expected celerate a government loan announcement.
to AC-
Bombay
Kuala
Francisco
HAIPHOYO
NEW YORK
TOKOHAMA
"Bell Aircraft... Corp.
211
Packard Motors
21
Bar Sliver per of
... 33 1/2
Bendix Artation
301
Pan-American Airways
141
Bethlehem Steel
169
Paramount Pictures
41.
Market Report
Bliss & Co.
101
Pennsylvania R.R.
161
Boeing Airplane Co.
201-
Phelps-Dodge
29
Borg-Warner ......
110
Philadelphia Read Coaf
+
Bridgeport Brass Corp.
Philips Petroleum
321
Briggs Mig.
154
Pittsburg Coke & Iron
8
Brooklyn-M'hattan
Trans.
18
Public Service of N...
..33]
Brooklyn-Manhattan $6....
106-
Pullman Inc.
191
Budd Mfacturing Corp.'
38
Pure Ou
7#
Canadian Pacific R'way
31:
Radio Corpn. of Am.
43
Case, JI.
191
Reading Company,
Com
- 117
Celanese
24
Remington Arms Co., Inc.
4.
Chesapeake & Ohio
321
Republic Aviation Corp. ...
51
Chrysler Corpn.
821
Republic Steel "
161
The London-New York cross- New rate was quoted at 4021/2. York-London was quoted at $21.
New York Hides, June............. NEW YORK COTTON
The price for Ready Silver was unchanged yesterday at 23.1/2 but the Forward rate dropped-5/18 to 23. Süver advices reported the Continent as having bought to a small extent for Cash.. Speculators was scarce. resold and demand
The market closed steady but quiet American Silver was quot- ed at 34.3/4 for Spot;
NEW YORK STOCKS! Previous close. 124.20: Today's close, 122.43: Change, off 1.77.
New York Cotton, July New York Rubber, July. Chicago Wheat. Sept. Chicago Corn, Sept.
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
High Low Close Close Change
Prev. Today's
9.00 8.84
9.20 8.91
29.01
20.45
19.55
82+
747
20.70
84
20.11
.59 off
603
527
10.50 0.65
11:10
Close
Opening ..
Closing
July
0.20/20
9.00/8.01
8.91/91
29 off
Climax-Molybdenum Co.:
28
Revere Cop. & Brass Inc.
93
Colts Patent Fire-Arms
79
Reynold Tobac. "B"
364
MARKET
July (New contract) ........ October
9.41/41
9.10/10.
9.11/11
.30 off
K..
8.80/81
8.53/51
8.52/53
.28 .off
Oolumbia Gas & Mec.
41
Richfeld 01
&
Quiet.
December (
}
8.70/71
8.40/39
8.43/43
.27 off
Columbia 6% “A” pf.
80"
Safeway Stores
35
STERLING
January
{
}
8.64 N
8.30/20
8.36/36
.28 OR
March
)...... 8.53/53
8.15/13
8.22/22
31 of
Commercial Credit Co.
Conselldated Edison
Consolidated O11,
Continental Can
321
Schenley Distillers
84
Com, & Southerm (Ord.)
1
Sears Roebuck
85
25
Shell Union Oil
91
There were sellers at 1/2.15/18 for near and forward, buyers at 1/2.31/32 for any delivery.
Мау
14
K
>
8.00/00
8.09 N
Spot
0.72
9.46
.28 off
01
Socony-Vacunum O
81
364
Southern Pacific-
B
Continental Of
20
Southern Rly $5 pid.
184
Copperweld Steel
181
Sperry
39
Corn Products
50
Spicer Manufacturing Co.
201
Curtis Wright (C)
92
Standard Brands བསྐ -❖ * ཊ ཋ * i ྂ ཅབཻ
54
Curtiss Wright "A"
25
Deere & Co.
164
Stand Gas & Elec,.......... Standard Oil of California 199
11
Distillers Corpn. SeagramS-
142
Standard Off of N.J.
347
Dourias Aircraft
847
Stone & Webster
.61
Du Pont de Nemours
1501
Studebaker Com
71
Eagle Picher "Lead..
71
Swift International
22
*U.S. DOLLARS
Opened with sellers at. 19.778 but the rate gradually rose to 20.- 1/8 at which rate, some business was done followed by transactions at 20.1/16 for May. The market closed with probable sellers at 20.- 1/16 for May and 20" for June.. buyers at 20.1/8 Cash and pro- bably 20.1/18 for June.
SHANGHAI DOLLARS
Total Sales Friday:-50,600. bales. NEW YORK RUBBER
January
Total sales:-2,460 tons.
!
May.........
July
September
December
22.15 N
21.50 N
As of
20:70/15
20.15/19.55- 20.11/11-
.59' off
19.00/00
18.50/45 ***18.35/35
.65 off
18.50b/60
17.40/55 ..
18.00/00
.50 off
18.30/30
17.35/35
17.80/80
.50 of
CHICAGO WHEAT
May July
863/86+
79/79
7 off
843/842
831/80
79/781
Bt of
September-utztereni ..... 85/849
821.180
781/78
e_off
Eaton Mfg. Co.
28
Technicolor
11
Elec. Autolite
293
Texas Corpn.
377
Elec. Bond & Share.....
41
Texes Gulf Sulphur
281
Elec. Bond & Share $5 pl.
50
Timken-Axle
201
Opened with sellers at 365 with business done later at 362. and 361, At the close there were sellers at 360,
Friday's sales:-48,249,000 bushels. CHICAGO COBN
May..
July
611/61+ 81/61
593/591
11 off
601/601
583/59
21 off
September
602/601
60+/60
584/681
21 off
Mec Band & Share $6 pf.
55
Trans-America Co.
4+
SHANGHAI MARKET
WINNIPEG WHEAT
Elec. Power & Light 7 pr. 23
20th Cent, Fox
8
Fisk Rubber
10*
20th Cent. Fox, $1 pf.
17
Pilatione
121
Union Bag & Paper Corp.
111
Gen. American Trans
39
Union Carbide & Carbon
68
Sterling opened with sellers at 4.1/32 and at the close sellers were reported at 4.7/64. Steadier.
May..
July
701b 1Yb
884/68)
October
69JA 101/701 721b
7 off
11 p
Gen. Electric .....
291
Union Pacifc.
84
NEW YORK HIDES June
11.10/10
Cen. Motors
421
United Aircraft ".
481
Shanghai Exchange
September
11.40/45
Gen. Railway. Signal
10
United Airlines Trans
144
Gen. Tire & Rubber
121
United Corpn.
14
Glidden Co.
Goodrich, (B.F.)
Goodrich $5 pf. :.
12)
United Corpn. $3 cum pf. 314
Shanghai, May 18 (Reuter),
Official TT. Rates
December
11.70/70
10.50/42 10.50/51,
1.05 off
New York Official
32-3/4
Opening
NY-London Cross Rate 3.21
111
United Gas Corpn.
11
451
United Cas Improvement
11
London
0/3-1/2
Goodyear Tire & Co.
15.
US. Industrual Alcohol.
171
New York
............ 4.11/16,
Japan
Paris.
Great Northern Iron Ore ..
12
U.S. Rubber
181
Hongkong
Great Northern Rly, pfd.
191
UA. Rubber $8 pfd.
78
Chosen Corporation......
6/4
Great Western Sugar ....
221
U.S. Steel
50
Pekin Syndicate
2
Sliver Duty Rate
The Central Bank of China's
Greyhound Corpn....
10)
Vanadium
334
S'hal Elec. Constr. Co.
15
Hercules Powder Co
87
Vultee Aircraft
81
S'hai Waterworks "A"
13
rate on London at 10 am. today was 1/2-1/2d.
Homestake Mining
481
Walworth Co.
3)
Union Insurance
28
International Harvester
391
Warner Bros. Pict
21
Gula Kalumpang Rubber
18/14
Int Nickel-
221
Westinghouse Elec,
20
Allied Ironfounders
13/8
The Equalisation rate was 241 Standard, Cash 269-1/2 289-3/4"
Standard, per, cent.
Inter. Paper & Power
13
Woodward Iron Cor.
22
Asso. Elec. Industries
38/9
Int. Tel. & Tel
21
Chase National Bank
271-
Austin Motors, ord. .......
15
India Rupee Paper
Jobas-Manville
52
National City Bank
221*
Cable & Wireless, New
Form, ord.
20
LONDON
METALS
2.57
23-3/8
EXCHANGE
London, May 17 (Reuter).
TIN
Bombay.
buyers
sellers
Calmatta
Haiphong Hankow itonally
New York Parir
Beste
Bemarsof
Kobe
Palping.
3 months 266-1/2 286-3/4
SILVER MARKET
£
504
---bid.
1-ex div.
B.-A.-Tob, (bearer).
95/71
35.90 24.14 20 Raila
97.7019'8720-Utilities
2222 84.81 40 Beads
66 67 45.59 11 Commodity Index 63.95
4
(Red War" Loan, 34%
after 1952) Danton-K'loon Rly, 5% 12 Chinese 41% Gold Loan
1898 (Brit. Issue)
911
50
Chinese 5% Gold Bonds.
-1925-47
Chin. 41% Anglo-French
Loan, 1908
Chinese-5% Crisp Loan,
:1912
20
Chinese 5% Reorg, Loàn.
1913 (Ldn. Is.)..... Chinese 8% Bier. Notes.
1925 (Vickers)
30
Chin. Imperial Rly, 5%-
Loan
60
·Reg)
1930/40
DOW JONES AVERAGE
High Low Dow Jones Averages. May. 17, High Low Close Change Mexican Eagle
156.92 121 40 30 Industriala
.194.90 1387 120.67 12.43 1.77 off
2481 24.13 23.44 92.65 1.18 of Courtaulds -1987
19.86 19.01 19.90 67 off Distiller 85.22
84.84 38 off | Dunlop Rubber... 41.58 2.37 offpen. Electric (England) Business Done-1,660,000 shares
Guinness (A). Son & Co. Hawker Siddeley Airc.
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, May 17. Honan Rly, 5%
The following quotations are the Hnkuang Rly, 5%, 1911...
middle prices at the close of the market in London, Ail quotations are subject to confirmation and no responsibility is assumed, for errors] in transmission.
Bukuang Rly, 5%, 1911
German Issue)
Lung Teing & U Hai
R5% 1913 Bhat-N'King Rly, 5%- Tientsin-Pukow Rly, 5% (Brit. Stpd.) ................... |-Tientsin-Puków Rly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5% (Brit. Stpd, Supl Loan) Tientsin-Pukow Rly. 6% (Ger. Stpd. Supl Loan)
11
Jap. 5% 8ter. Loan, 1907 351
Jap. 3% Ster, Loan, 1924 41
Ger, 7% Int Loah, 1924 61 Chartered Bank
HK. & Shal Bank (Ldn.
Reg.)
HK, & Bhai Bank (Col..
Chinese Eng. & Mining
(bearer)
Mercantile Bank
121
May 19, 1940.
Cammell Laird, ord.
8/6
4/8"
Calcutta Exchange
..Ready
83-10
33/9
62/3
Calcutta, May 18 (Reuter), T.T. on Japan. 99.
June 3 Settlement
July 2 Settlement
83-09 63-12"
32/9
78/8.
75
10/4)
Bristol Aeroplane
12/8
Imperial Chemical Ind.
29/7
Imperial Tobacco
104/41
Marks & Sp'cer "A" ord,
38
16
13
F11
17
11
11
སྐྲཎྜ ཤཱ བྷཀྑུཾ ལ བ འ བ3སྒྱུབྷྲགྲྭ
Rolls Royce.....
$3/0
Leyland Motors
85
Tate & Lyle
Turner & Newall United Steel
Smethwick Drop Forg...
Pressed, Steel, com.
50/71
64/6
TO-
21/9
13/9
Armstrong Stevens, ord
7
15
Vickers, ord."
Woolworths
Anglo-Dutch
Rab, Plant. Invest. Trust Burma Corporation Commonwealth Marsman Investments Randfontein Estates... Western Holdings Bub-Nigel
18/11 55/3 20 26/9 8/3
Mining
12
39/44 10/9 195
Tanami Gold Mining
80
-Anglo-Iranian
48/11
Burman
66/3
82
Shell Trans, &
Trad.
(bearer)
61/3
Nominal
Bombay, May 18 (Reuter). Government 31% Rupee, 83-08-0 nominal,
78 6 off 581 21 off 10.06 1.04 off
10.50/10.00 10.06/10 10.40/44 10.85/70
uniquoted 3.22
Change
1.04 off .1.00 off
BOMBAY SILVER
Bombay, May 18 (Reuter). Market Steady. Offtake 100 bars Indian Mint Silver
Singapore
Lyons Sourabaya
Malacca Sungei
Patani. Swatow (Johore) Tientsin Mukden Tokyo New York Tingto Peiping
Penang
Yokohama
PEPISO
(Peking)
FORK ON EXCHANGE and General, Banking Business transacted
CURRENT. Accomms opened and FIXED DEPOSIT received for One 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 DEPUairs on application received for one year or shorter perioda in Local and other Car- on terms which will be rencies quoted on application.
Also up to date SAFE DEPOSIT Boxes in various sizes To Lar Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
· BANK".
The Bank's Head Offoe in Londqu undertakes Executor and Truston business, and claims recovery, of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
For the HONGEONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.)
- BANK OF EAST ASIA,
LIMITED.
Authorised Capital......$10,000,000.00 Paid-up Capital
Head Office:-HONG KONG No. 10 Des Voeux Road, Central. Board of Directors:
SIR SHOUSON Chow, Chairman
Là Lan Sáng, tăng
Li Keon Chun, Exqu P. H. Kwok, Esq. Wong Chu Son, Pag- Wong Tan Tong, Esq. Kan Ting Po, g. Chan Ching bak, Esq. Fung Ping Wah Esq KAN TONG PO, Esq., Chief Manager Li Tas Foxo, Esq., Manager
Branches and Agencies:-
Kowloon
Penang
London- Bangoon Bourabaya
Singapore
Saigon Bwałow Melbourne Ban Peni. Sydny
Martia
Shanghai
OSVET
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 shorter periods in Local and Foreign Cur terms which will be rencies on quoted on application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Bervices for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, UREFOO
and TIENTSIN
KOBE and OBAKA"
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers barth alongside the Roosevelt Terminal in the French Concession "at
Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE SOJILL GENERAL MANAGERS:
HRAD OFFICE:
18, PIE STREET.
NEW YORK. 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 Resources of ava 1.9.$2,300,000,000,
D. M. BIGGAB,,
Second Fica Pro.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OP 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 connect.cons in the principal Commercial Centres of the World, we are able to extend --- o our Cliente special facilities for Domestic and Fortigo Banking and Exchange.
Head Office:-BHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW
KONGMOON TUISHAN
KINGCHOW We also handle the game of Bonds
SHIUCHOW
and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Lavager.......
THE KWANGTUNG - PROVINCIAL- BANK
Incorp. Sur (hian)
| General Banking Facilities and Financini Aguaže So
The Provincial Government of Kwangbang Hand Dice-Thinkonen, Koreangtimer Provinc Hongkong Beach--Quwwaʻa Bldg, 5 Chester 24. Cable. Adderma "PROVINCIAL" D630, 964). Telephony:
20112, 28113, 20143, 20181, ZIGKL. BRANCHES THROUGHOUT SOUTH CHINA Components in Sew York and Laidon Paid Up Capital ................ N$10,000,000. K$10,500,000. Beserve Capital ......
AUTANG MANLY,
· Hongkong Kanngat,
Alob?
WANT ADS
Calcutta
Lumpur Shanghai
Cantoni
London
HAMBURG HANKOW
Chefoo
Colombo
Dairen
Manila
Foochow
Muar
Haiphong Rankow Harbin
Iloilo Ipoh
is conducted by the HONGKONG
& SHANGHAI BANKING COB PORATION, Eules may be obtain- ed on application.
An
Hong Kong. 28th Feb., 1939.
Reserve and Undivided
Profits
5,588,600:00
2,983,201,50
KOMAT