MAY 10, 1940. STOCKS
Last Sale
MAY 22, 1940, STOCKS
May 21
Last Sale May 21
5
Alleghany Steel Co. Allied Stores
183
41
Allis Chalmers:
*244
330
Aluminium Ltd,
88
J. Laughlin Steel $T pid. Kennecott Copper .............. Lakey Foundry & Mac...... Libbey-Owens-Ford Glass Lockheed Aircraft
25. 21
32)
29%
Amer. Can
892
Loew's Ins
32
On demand
32 3/8
American Cyanamid B.
201
Loft Incorperated
17
On Japan:-
Amer. & Foreign Power
Mack Truck Inc.
174
New York, May 21, 1940.
On demand
83
Amer
Foreign 57 pt.
103"
Martin, Glen L
32)
On India:-
American Gas Mec.
김어
McKesson & Robbins, pid. 18.
SINGAPORE RUBBER
117
Monsante Chemical
941
い
82 3/8
Ame: Metals Co.
14
Montgomery Ward
321
SPOT
Amer, Radiator
5
National Aviation"
101
JULY-SEPT.
Amer. Rolling Mill
10
Nat. Dairy Products
123
OCT-DEC........
Amer, S'ting and King Co.
32
Nat Distillers
182
Amer Sugar Refining
15
National Gypsumm
51
LONDON RUBBER
318
Amer. Tel. & Tel.
1491
National Lead
151
Amer. Tobacco "B"
701
Nat, Power & Light
6
SPOT
Amer, Waterworks
51
National Steel Corp.
Anaconda Copper
19
National Supply Corp.,
5
JULY-SEPT.
Atchison, T. &S, Fe.
14
New York Central
91
OCT.-DEC.
1.1.2
Auburn Motors
7
Niagara Hudson Power
3.
JAN-MARCH
Aviation Corp.
54
N. American Aviation
18
PACE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
NEW YORK
CLOSING QUOTATIONS
MAY 22, 1940.
On London:-
Telegraphic Transfer. 12 27/32 Bank Bills, on demand 1/2'47/32 Credits 4 months sight 1/3 6/39
On Shanghai:----
On demand
On Singapore:-
Adams Express
Telegraphic Transfer.
and demand
On New York:-
Bank Bills, on demand 19 3;8 Credits, 60 days sight 20 58
On Batavia:-
Bank Bills, on demand sa Credits 4 months' sight 1143
On demand
On Paris:-
On Saigon:-
On demand
On Manila-
Amer, Locomotive
STOCK EXCHANGE
QUOTATION.
(REUTKE'S SERVICE) :
48
י, י
JUNE
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
Previous May 21
Closing Opezing Closing Change
THURSDAY, MAY 23, 1940.
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, 1853
Reserve Funds:
Paid-Up Capital ...........£3,000,000 £6,500,000 Reserve Fund...............£3,000,000
Sterling..
Proprietors
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro Heserve Liability of
prietors.....
£3,000,000 HEAD OFFICE: LONDON:
..$20,000,000
Head Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,...
Deputy Chairman.
J. K. Bousfold, Esq., A. K. Compton, Esq. Hon. Mr. S. H. Dodwell, G. Miskiu, Esq.,
K. S. Morrison. Esq.,
T. E. Pearce, Esq.,
C. C. Roberts, Esq.,
Hon. Mr. A. L. Shields,
Sir Vandeleur M. Grayburn,
Chief Manager.
38, Bishopsgate E.0.2. Sub-Agencies. In London:
117/199, Leadenhall Street, E.Ca' West End Branch: 14/16, Cookspur Street, 8.W.L Manchester Branch:
52, Mosley Street, Manchester, a
1.
AGENCIES AND BRANCHES:
HARBIN PENANG
ALOK STAR AMRITBAN HANGEOX BATAVIA
BOMBAY CALCUTTA
AGENCIES; OLIVE STRET FAIBLIA PLACE CANTON CAWNPOR
HONG KONG
ILOILO
IPOH KARACHI KLANG
ХОВЕ KUALA
RANGOON
COMMODITY MARKET
REVIEW
(FROM PAYNE & CO.)
Buyers
Buyers
33' cts.
38 ets.
38-1/8
p 1/8
36-3/8
36-3/8
36-5/8
-35-1/8
35-1/8 35-1/8
up 1/4 unch
SALOON
The market was steady but quiet.
JEREMBAN
Previous close Today's close
SHANGHAI
buyers
buyers
Change
BINGAPORN
SITIAWAN A
11-3/4
11-11/16
on 1/18
SCURABAYA
11-3/4
11-11/16
of 1/16
11-11/16
11-9/19
off 1/8
Branches:
11-7/18
11-3/8
of 1/18
Amoy
- Johore Rangoon
CU
LUMPUE KUCHING
MADRAS
TAIPING
TIENTSIK
TONGKAR
11-3/18
11-1/18
off '1/4
Bangkok Kobe";
On demand
On Bangkok:-
38.3/4
Bacock & Wilcox
19
North American Co.
151
Baldwin Lecometive
131
Northern Pacific
On demand
149 3/4
Baltimore & Ohio
3
Owens-Illinois Glass Co.
48
On Sterling Notes:-
Barber Asphalt Co.
9
Pacific Gas & Elec
261
Bank Buying Rate
Bar Sliver per oz.
14.
29/16
Barnsdall. Oll
દ
Pacific Lighting.
34
Bell Aircraft Corp.
161
Packard Motors
21
Bendix Aviation
201
Pan-American Airways
138
Bethlehem Steel
...... 68.
Paramount Pictures
+}
"Market Report
Bliss Co.
131
Pennsylvania R.R.
151
ped-1/16 to 22.9/10 but the For-
Wis
"
U.S. DOLLARS
FROM ROZA, BROS.
The price for Remy over drop
ward rate rose 1:16
Silver advices reported India and Brooklyn-M'hattan Trans. Speculators as having operated Brooklyn-Manhattan: $6.... both ways. A small business was Budd M'facturing Corp, done, The market
qulet, Canadian Paolfic R'way
American Silver was quoted at 34.
3/4 for Spot.
The London/New York rate was quoted at 402.1/2. York/London was "quoted at 377.
-MARKET
Quiet.
STERLING
There were sellers at 1/2.15/16
for near and forward, buyers at Consolidated Edison 1/2.31/32 for any delivery.
The market operied with sellers Copperweld Steel at 19.58 but the rate gradually Corn Products ...
• rose to 20 with a small business) Curtiss Wright (C.) done at that rate. Subsequently 29. Curtiss Wright "A" 1/16 was also done or
Distillers Corpn. Seagrams
ear on Deere & Co. first half of June. The market closed with sellers at 20 for May and 19.15/16 June, buyers at 20. 1/10 for May.
SHANGHAI DOLLARS Opered with sellers at 350 and closed with sellers at '360 for Spot.
SHANGHAI MARKET
Sellers of Sterling at 4.1/8 for Spot" and USS at 5.1/16 for Spot.
Shanghai Exchange
Shanghal, May 22 (Reuter),
Official T.T. Rates
Opening
Douglas Aircraft
Du Pont de Nemours Eagle Picher Lead Eaton Mfg. Co. Elec, Autolite
Elec. Bond & Share
Boeing Airplane Co. Borg-Warner
173
Phelps-Dodge
27
141
Philadelphia Read, Coal
Bridgeport Brass Corp...
a1
Phillips Petroleumd
.273
to 22.7:16. Briggs Mfg.
16}
Fittsburg Coke & Iron
52
104*
Public Service of NJ.
331
31
Pullman Inc.......
161
21
Pure Otl
40
Radio Corpn. of Am.
41 "
Case, J.I.
21
Reading Company,
Com
102
Celanese
314
Remington Arms Co., Inc.
4.
cross- Chesapeake & Ohio
New Chrysler Corpn.........
57
Republic "Aviation Corp. ...
5
251
Republic Steel
141
Climax-Molybdenum Co. Colts Patent Firs-Arma Columbia Gas & Rec., ...
TO
Revere Cop. & Brass Inc.
41
Reynold Tobac. "B"
351
78
Richfield 01
61
Columbla 6% "A" pf. Commercial Credit Co.
281
Safeway Stores
New York Cotton, July New York Rubber, July Chicago Wheat, Sept.
*342
Schenley Distillers
TA
Chicago Corn, "Sept.
New York Hides. June
Com. & Southern (Ord.)
24%
Sears Roebuck
63
53
Shell Union Oil
`82
NEW YORK COTTON,.
+
Consolidated Oll
34
Socony-Vacunum Of
.71
Continental Can Continental Oil
173
Scuthern Pacific
7
July
17
Southern Rly $5 pid.
141
July (New contract).
45
Sperry
347
October (
}
88
Spleer Manufacturing Co.
20
December (
}
22
Standard Brands
51
January
(
>
14
Stand Gas & Elec.
13
March
1
+
>
12)
Standard Of of California
173
May
}
741
Standard Olof NJ.
303
Spot
1494
Btone" Webster ............
5+
7:
Studebaker Com.
•2+1
Swift International
107
251
Teehnicolor
8
NEW YORK RUBBER
4
Texas Corpn. ....................
341
424
Texes. Gulf Sulphur
341
May
Elec. Bond & Share $5 pf. Elec Bond & Share $6 pt. Elec. Power & Light 37 pí. Fisk Rubber
52
Timken-Axle
194
July
20
Trans-America Co.
43
September
of.
20th Cent, Fox
5
December
1:01
20th Cent. Fox, $13 pt. ......
141
January
Flatkote
37
Union Bag & Paper Corp.
103
Gen. American Trans.
291
Union Carbide & Carbom
88.
Total sales:-2.270 tons,
CHICAGO WHEAT
Gen: Electric
40;
Union Pacific
75
Gen. Motors
10
United Aircraft
42
May
Gen. Railway Signal
101
United Airlines Trans
**123
July
Gen. Tire & Rubbër ..
11
United Curpn,
13
September
Glidden Co.
101
United Corpn. 33 cum pf. 27
Lender
0/3-3/4
Goodrich (BF.)
45
United Gas Corpn.
11
New York
5
Japan
21-1/4
Goodrich $5 pt....
*137
United Gas Improvement
104
էլ
Goodyear Tire & Co.
11)
US.. Industrual Alcohol.
154
India
20-3/4
Oreat Northerir Iron Ore
16.
U.S. Rubber
161
May
Paris.
Hongkong
2.75 25
Great Northern Rly, pfd.
181
US. Rubber $8 pfd..
701
July
Great Western Sugar
9)
....
US Steel
44
September
Sellers
Greyhound Corpn.
781
Vanadium
271
-
WINNIPEG WHEAT
Spot
Opening Closing 0/4-5/64 0/4-9/04
Hercules Powder Co.
43
Vuitee Aircraft
В
Homestake Mining.!.
38
Walworth Co.
31
May
May
0/4-1/8 0/4-1/16
International Harvester
201
Warner Bros. Pict.
21
July
June
0/3-31/32 0/3-57/64
Int Nickel
11
Westinghouse Elec.
81+
October
U.3. Dollars
Inter. Paper & Power
.21
Woodward Iron Cor.
164
Int. Tel & Tel
49
8pct
$5-21/32 $5-17/32
May
*5-6/8
5-15/3
Jobns-Manville,
49
Chase National Bank National City Bank"
242*
21-
June.....
5-7/32
NEW YORK HIDES
June September
-bid.
December
New York Offelal
May 24, 1940.
120.69 110 68
..... 10.48/50 ...... 10.82/82 11.10/10 34-3/4 NY-London Cross Rate 3.27-3/4
Change
14.12 8 30 off
5-3/8
Market-Inclined to be easy.
Silver Duty Rate
The Central Bank of China's
rate on London, at 10 am, today was 1/2-1/2d.'
The Equalisation rate was 194
per cent
India Ruppe Paper
Bombay, May 21 (Reuter).
Government 3% Rupee: 88-08-0 nominal.
Calcutta Exchange
Calcutta, May 21 (Reuter). TT. on Japan, " 96-5/8.
LONDON METALS
1938/40
DOW JONES AVERAGE
High Low Dow Jones Averages. May. 20, High Low Close
166.92 121 41 30 Industrials
192,43
35.90 93 86 20. Rails
23.99
17.70 19 20 20 Utilities
19.49
32 22 84.51 40 Bonds-
.
84.67
85 €7 46.69 11 Commodity Index 52.23
SILVER MARKET
LONDON SILVER
- 23.66 21.68 29 16 1.83 off
19 15 17.49 18.34 1.1 off 8331 1.46. off 51.571.66 off
Business Done :--2,910,000 shares
LONDON STOCK EXCHANGE London, May 21 (Reuter). LONDON, May 22 (Reuter)- Silver-India and speculators The Stock Exchange yesterday bought and sold. Business small, was cheerful with gt-edged se buyers satisfied. Market quiet. curities attracting buyers. Prices In the afternoon, the market was were finally higher for Far East- dull, with sellers at the rate butern bonds, Bank Пo buyers.
Spot, 22-9/16d
Forward, 22-7/18d..
BOMBAY SILVER.
sellers £
EXCHANGE.. London, May 21. (Renter).
TIN
buyers
£..
Standard, Cash 270-1/2-270-3/4 Standard,
3 months, 268 Standard,
Bet'ment Price 270-1/2 Straits
shareg re- covered and industrials and home ralls were mainly better,
The commodities and rubber market was quiet during the afternoon despite the announce- ment that there was to be no Bombay, May 21 (Reuter). change in the export quota for current Market Quiet. Offtake 150 bars, the remainder of the
year.
Wall Street was heavy.
Indian Mint Silver
208-3/4
Ready June 3 Settlement July 2 Settlement
62-05
62-04" 63-07
-290-3/4 to 295-3/4;
LONDON GOLD
London, May 21 (Reuter). Bar Gold, Fine per oz, 188.
"After ruling steady, the market became dull.
NEW YORK, COTTON: There was heavy selling at this end on the Bombay atraddle. while weakness of securities and less favour- able war news were further depressing factors. The Spot and tex- tile markets were slow.
NEW YORK RUBBER: The Rubber quota for, the third and fourth quarters has been fixed at 80 per cent.
CHICAGO WHEAT: The weakness of stocks and conflicting re- ports of continued German pushes caused renewed quidá- tion, but selling. however, appears to be diminishing at the decline. NEW YORK STOCKS: Previous close. 132.43; today's close. 114.13 Change off 8.30.
24 off
1.03 off 1.09 of 1.05 off
Patani Swatow Haiphong (Johore) Tientsin'
Mukden Tokyo New York Tsingtao Peiping Yokobama
failo Ipoh
Penang
CURRENT ACCOUNTS opened is LOCAL CURRENCY and Fix DEPOSIT received for one year or shorter periods in Local and other Car- rencies on terms which will be quoted on application.
ALSO up to date Sar: DEPOSIT ROXES in various sizes To Lan Hong Kong. 28th February, 1940.
HONGKONG SAYINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION... Rules may be obtain- ed on application."
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
BANK OF EAST, ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital......... 5,598,500.00 Reserve and Undivided
........2,983,231.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors: SIE SHOUSON CHow, Chairman...
Li Koon Chan, Esq.
Li Lan Sang, Bag. P. H. Kwok, Esq.
Wong Chu Bot, Esq. Wong Tan Tong, Esq. Kan Ting Po, Bag. Chan Ching Shak, Esq. Fung Ping Wah Eag KAN TONG PO, Esq., Chief Manager Li TSE FONG, Esq., Manager.
Branches and Agencies:--
Korloos Pening Singapore Loados Rangoon Bourabaya
'Swałow Spizang cisca Tiantain
Saigos Malberta Bed Tran Narumica New York BektEle Farbs
Squar
Shanghal
Ovar
Every description of Banking and Exchange business transacted. Loans granted on approved securities
PRIPING.
HANKOW (Peking)
FORLION EROHANGE and Genors). Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPORtrs received for. Ons Year or shorter periods in Local or Other Currencieg' at rates which will be quoted of application.'
SAVINGS ACCOUNTS also opened in Local Currency and Sterling, with interest allowed at rates obtainable on application.
The Bank Head Office in Londen
undertakes Executor and Trustee business, and claims recovery of British Income Tax. overpaid, on terms which may be ascertained så any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
10, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
An
18, PINE STERET,
NEW YORK. American Bank offering com- plete Foreiga Banking Service" in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Baak is. entirely owned by TRX CHASE NATIONAL BANT, New Yox, with Besource CË ATEL U.S.$2,900,000,000,
D. M. BIGGAR,
Second Vice Prin
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.98
(BRANCHES ALL OVER CHINA), Owing to our numerous Branches 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:
* QUEEN'S ROAD, C. South China Offices:
Current Accounts epened in Local | CANTON Currency and Fixed Deposite re SWATOW ceived for one year or shorter SHIUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE LEPOSIT BOXES TO LET.'
KONGMOON, "TOISHAN
KINGCHOW.
We also handle the issue of Bonds
and other Publis Funds of the Chinese Government both at Home
SHOU J. CHEN,
Manager.
and Abroad. KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
Operating Services for Cargo and Passengers ・・
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN KOBE and OSAKA
"SINGAPORE, PENANG and CALCUTTA
BANDAKAN
HAIPHONG
All steamera berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particulara
please apply to-
JARDINE MATHESON&Co.,Ltd. TELEPHONE ZOJIL GENERAL MANAGERS
THE KWANGTUNG - PROVINCIAL BANK
(Incorporated in China)
General Banking Faculties and Financial Agents to The Provincial Government of Kwangtang Herd Umco-Chinlewan, Kwangting Province. Longkang Branch-iệnam's Bldg, 1 Chaleć Ed. Cable Addresses—ĶPILOVINCIAL"-1890, 9443. -
Telephones:
20112, 20113, 20143, 20181, 31681." `BRANCHES : THROUGHOUT SOUTH CHINA Correspondents is. May York sod-London: | Paid Up Capital ....... N$10,000,000. Reserve Capital ................ N$10,500,000.
AUYANG MANLY,
Hongkong Managnó“
A job?
WANT ADS
Batavia Kowledin
Злікод San
COLOMBO
MANILA
(Bhuket)
DELEI
KORDAN
Bombay
Kuala
Francisco
HAIPHONG
NEW YORK
TSINGTAO
YOKOHAMA
Calcutta
Lumpur
Shanghai
HAMBURG
Canton
London
Singapore
Chefoo
Lyons
Sourabaya
Colombc Malacca Sungei
Dairen
Manila
Foochow
Muar
Backow
Harbin
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
83
80
612
10.00
84 593. 621 9.00 10.48
Close
Opening
High Low Close Close Change
Prev, Today's 9.13
8.98 3.28 9.02
.24 off 20.10 19.30 20.40 19.57.83 o
821 11 off B1 1 off 9.45N 1.03 of
Change
Closing
9.25/28
9.13/12
9.02/02
9.48. N
9.39 A
9.23 N"
..35 of
8.80/80
8.62/64
8.51/52.
.29 of
8.70/71
8.54/54
8.41/41
.29 0%
8.63/03
8.45b/48a
8.33 N
,30 off
8.52/52
8.35/35
8.18/18
Hong Kong, 28th Feb.,, 1930.
8.40/40
8.25/24
8.05 N
9.91
9.76 N
.34 of ".35 of .15 off
Total sales Monday:-37,500 bales.
The last notice day for may cotton: 22-5-40.
21.25b
20,55/55
.70. off
Profits
20.40/45 18,50/50 17.75b/90a
19:806
19.57/58
.83 off
18.55/55
18.05/07
.45 off
17.95/93
17.35/40
40 of
17.82 N
unquoted
17.25 N
37 of
851/891
821/821
24 off
834/04
80/81
82/821
12 off
84/841.
81+/80
821/821
!
14 of
Monday's sales:-30,337,000 bushels.
CHICAGO CORN
83/83) 621/621
634/631
off
Batavia
Torbay
Manila
60/614
82/621
off
Uniontia
821/621 801/61
Haiphong
811/011
·off
Mankow
ilonalalo
Cabe
Pelpdag
721/72) 7318 757/757
718/722
7010 71 b 743/741
2
off 11 of 14 of
10.00/9.70 10.25/22 unquoted
9,40 N 9.73/B0 10.05 N 34-3/4 3.17