(REUTER'S SERVICE
MAY 10, 1940. STOCKS
Last Sale
MAY 24, 1940 STOCKS
May 23
Adams Express
41
Alleghany Steel Co.
151
J. & Laughlin Steel #7_pfd, Kennecott, Copper ........
Last Sale May 23 50
271
Allied Stores
41
Lakey Foundry & Mac. ....)
21"
Allis Chalmers
24
Libbey-Owens-Ford
Glass
34 -*-
Aluminium Lid,
52
Lockheed Aircraft
297
Amer. Can
91
Loew's Inc.
213
American Cyanamid. B.
201
Loft Incorperated
171
War Loan, 3%
(Red
Amer. & Foreign Power...
11
Mack Truck Inc.
17
after 1952)
99
Amper & Foreign $1 pt.
12;
Martin, Glen L.
331
Canton-Kloon Rly. 5%
10
New York, May 23, 1940.
American Gas & Elec.
201
McKesson & Robbins, pid.
18
Chinese 41% Gold Loan
Amer. Locomotive ....
111
Monsanto Chemical
...
891
1898 (Brit. Issue) *****
47
SINGAPORE RUBBER
Amer. Metals Co.
14
Montgomery Ward
344
Chinese 5% Gold Bonds.
Amer. Radiator
5.
National Aviation
103
1925-47
45
SPOT
Amer, Rolling Mill
101
Nat Dairy Products
13
Chin. 41% Anglo-French
JULY-SEPT.
Amer. S'ting and Ring Co. 341
Nat Distillers
18
Loan, 1908
45
OCT.-DEC.
Amer, Sugar Refining
15
61
Chinese, 5% Crisp Loan..
Amer. Tel, & Tel
1471
157.
1912
18
Anser Tobacco “B”
74
Nat, Power & Light
57
Chinese 5% Reorg. Loan.
Amer. Waterworks
$
National Steel Corp.
1913 dn. IS,)
Anaconda Copper
191
National Supply Corp.
+4
Chinese 8% Ster. Notes,
SPOT
Atchison, T. & S. Fe.
133
New York Central
10
1925 (Vickers)
PAGE 10 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
QUOTATION
National Gypsum
National Lead
LONDON STOCK-
EXCHANGE
(REUTER'S SERVICE)..
London, May 23. 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.
ורי
co
JUNE
& CO.
PAYNE &
COMMODITY BROKERS . » STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.}
SATURDAY, MAY 25, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED-BANK OP
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA AND CHINA
.
Issued & Fully Faid-Up 850,000,000 Incorporated by Royal Charter, 1855
Reserve Funds:
Paid-Up_Capital £6,500,000 Reserve Fund
Sterling
...£3,000,000
Reserve Liability of
H.K. Currency Reserve $10,000,000 Beserve Liability of Pro-
£3,000,000
Proprietor. ...$20,000,000
prietori
£3,000,000
HEAD GYFICE: LONDON':
Head Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hod. Mr. J. J. Paterson,
Deputy Chairman.
J. K. Bousfeld. Eq A. E. Compton, Esq., Hon. Mr. S. H. Dodwell,
Hon. Mr. A L Shield, Sir Vandeleur M. Grayburn.
Chief Manager,
39, Bishopsgate E.C1 Sup-Agencies In London: 117/122, Leadenhall Street, E. O., West End Branch: 14/18, Cockapur Street, B.W.L Manchester Branch:" 52. Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
ALOE STAR AMRITBAR
ΜΠΟΤΟΣ BATAVIA -
BOMBAY
CALOUTTA
AGENCIES
CLAVE STEERT FAIRLIK PLACE
OLXTON
KLANG
KOOL
KUALA
PENANG
MANGOON
BALOCH
Previous May 23 Closing Opening Closing Change
Buyers Buyers
36-1/4 36-1/4 38-5/8 35 cts.
35-1/8 35-3/4 33-1/2 33-1/2 34 cts.
up 3/8
up 3/4
G. Miskin, Esq.,
K. S. Morrison, Esq.,
up 1/2
T. E. Pearce, Esq.,
The market was quiet but steady. LONDON. RUBBER
C. C. Roberta, Esq.
HARBIN HONG MONG ILOILO IPOH KARACHI
KEREMBAN
BILANGHAI
Previous close Today's close
BINGAPORE
buyers
buyers
Change
SITIAWAN--
11-9/16
11-1/2
of 1/16
SOURABATA
11-9/16
11-7/18
Off 1/8
LUMPUR
TAIPING -
Branches:
Auburn Motors
Niagara Hudson Fower
31
Chin. Imperial Rly 5%
JULY-SEPT.
11-9/16
11-7/16
CAWNPOR
KUCHING
TIENTHIN
off 1/8
Aviation Corp.
6.
N. American Aviation
171
Loan
60
OCT.-DEC.
11-3/8
11-1/3
off 1/4
Amoy
Johore
Bacock & Wilcox
191
North American Co.
164
Honan Rly, 5%
12
JAN.-MARCH
11-5/18
Bangkok
Kobe
Rangoon Saigon
MEDI
MADRAS
TONGKAR
COLOMEO
MARYLA
(Bhuket)
10-13/16
off 1/2
Batavia
Kowloon
San
DELHI
MRDAN
TSINGTAO
Baldwin Lecometive
13
Northern Pacine
Hukuang Rly. 5%, 1911...
16
Baltimore & Ohio
31
Owens-Illinois Glass Co.
47
Bukuang Rly. 5%. 1913
Barber Asphalt Co.
94
Pacific Gas & Elec
261
German Issue)
-13
Barnsdall Ol
74
Pacific Lighting
36
Lung Tsing & U. Ha
Bell Aircraft Corp.
172
Packard Motors
24
Rly. 5% 1913
11
Bendix AvIALION
371
Pan-American Airways
127
S'hai-N'King Rly. 5% ...
17
Bethlehem Steel
86;
Paramount Pictures
4}
Bliss & Co. ......
14#
Pennsylvania R.E.
161
Boeing Airplane Co.
161
Phelps-Dodge
261:
Borg-Warner .....
14
Philadelphia Read, Coal
"Bridgeport Brass Corp.
Phillips Petroleum
281
Briggs Mig.
14
Pittsburg Coke
Iron
51
Brooklyn-M'hattan Traps:
181
Public Service of NJ.
331
Tientsin-Pukow, Rly. 5%
(Brit. Stpd.) ..... Tentsin-Pukow Rly, 5% (German Stpd.) ......... Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl. Loan) Tientsin-Pukow Rly. 5%
9
Brooklyn-Manhattan $6....
104"
Pullman Inc.
172
(Ger. Stpd. Supl. Loan)
Budd Mfacturing Corp.
31
Pure Ou
情
Jap. 5% ater, Loan, 1907 39
Canadian Paolfe R'way.
28
Radio Corpo; of Am. ....
41
Jap. 6% Ster. Loan, 1924
43
Casc, J.I
40
Reading Company. Com
104
Ger, 7% Intl. Loan. 1924
Celanese
211
Remington Arms Co., Inc.
31
Chartered Bank
82
Chesapeake & Ohio
33
Republic Aviation Corp,
HK. & S'hal Bank (Ldn.
Chrysler Corpn.
681
Republic Steel
147
Reg.)
82
Climax-Molybdenum Co.
26
Revere Cop. & Brass Inc.
B1
H.K. & S'hai Bark (Col.
Colts Patent Fire-Arms
71
Reynold Tobac. "B"
36
Reg)
821
Columbia Cas & Elec..
41.
Richfeld O0.
61
Chinese Eng. & Mining
Columbia 6% "A" pf.
701
Safeway Stores
364
(bearer)
18/6
New York Cotton, July New York Rubber, July- Chicago Wheat, Sept.
Commercial, Credit Co.
Com, & Southern (Ord.)
30
Schenley Distillers
21
Chosen Corporation
8/0
Chicago Com, Sept.
13/18 Sears Roebuck
63
Pekin Syndicate
2
New York Hides, June
Consolidated Edison
242.
Shell Union o
.8
S'hal Elec. Constr. Co.
15
Consolidated Oil
6
Socony-Vacunum Oil
8
S'hal Waterworks “A” ...
15
NEW YORK COTTON
Continental Can
3411
Southern Pacific
74
Union Insurance
28
Continental „011 ......
19:
Southern Rly $5 pfd.
141
Gula Kalumpang Rubber
17/6
July
Copperweld Steal
17
Sperry
36
Allled 'Ironfounders
12/6
July (New contract)
born Products
46
Spicer Manufacturing Co. 221
Asso. Elec,' Industries
37/9
Gartlis Wright (C)
81
Standard Brands
51
Austin Motors, ord. ......
14/41
October {
December (
}
Curtiss Wright "A"
2:21
Stand Gas & Elec,
IN
Cable & Wireless, New
January
>
1
Decre & Co.
143
Standard' Oll of California
191-
Form, ord.
.49
March
(
M
>
Distillers. Corpn. Seagrams
127
Standard Oll of N.3.
324
B.-A, Tab, (bearer)
95/7
May
{
"")
Douglas Aircraft
791
Stone & Webster
51
Mercantile Bank
121
Spot
Du Pont de Nemours
154
Studebaker Com
By.
Cammell Laird, ord. ......
5/8
Eagle Picher Lead
"
Swift International
181
Mexican Eagle
3/105
Eaton Mfg. Co......
Elec. Autolite
24
Technicolor
97
Courtaulds
30/7)
NEW YORK RUBBER
281
Texas Corpo.
34
Distillers.
61
Elec. Bond & Share
4
Texes Gulf Sulphur
273
Dunlop Rubber
32/3
May
Elec, Bond & Share $5, pf.—454
Timken-Axle
191
Gen. Electric (England)
76/3
July
Elec Bond & Share 35 pt. 55
Trans-America Co.
#
Guinness (A) Bon & Co.
71
September
Elec. Power & Light $7 pt.
19
20th Cent. Fox.
5+
Hawker Siddeley Airc.....
10/11
December
Fisk Rubber....
-10*
20th Cent. Fox, $it pl......
141
Bristol Aeroplane
11/6
January
Flintkote
11
Union Bag & Paper Corp.
93.
Imperial Chemical Ind.
23/6
Total. sales: -2,180 tona.
Ged American Trans.
374
Union Carbide & Carbon
641
Imperial Tobacco
100
Gen: Electric
29
Union Pacifc
73-
Marks & Spicer "A" ord.
38/8
CHICAGO WHEAT
Gen: Motors
381
United Aircraft
411
Rolls Royce
81/10/
Gen. Rallway Bignal
10
United Airlines Trans
131
Leyland Motors
57/6
December
Gen Tire & Rubber
101
United Corpn.
Tate Lyle
50/104
July
Glidden Co.
Goodrich (B.F.)
11..
United Corpn. $3 cum pr. 231
Turner & Newall.........
63/14
September
101
United Gas Corpn.
United Steel .....
20/3
Goodrich $5 pl. ...
46,
United Gas Improvement
101
Smethwick Drop Forg, ...
13/0
Goodyear Tire & Co.
121
US.. Industrual Alcohol.
15
Armstrong Stevens, ord.
8/6
CHICAGO COEN
Great Northern Iron Ore
121"
U.S. Rubber
157
Fressed Steel, 'com.
13/0
Great Northern Rly, pfd.
174
US. Rubber $8 pfd.
731
Vickers, ord.
14/101
December
Great Western Sugar
201
US. Steel
44
Woolworths.
55
July
Greyhound Corpn.
101
Vanadium
26}
Anglo-Datch
Hercules Powder Co.
761
Vultee Aircraft
B
Rub, Plant. Invest. Trust
19/3 1. 25/7 :
September
Homestake Mining
42
Walworth Co.
31
Burma Corporation
7/9
WINNIPEG WHEAT
International Harvester
381
Warner Bros. Pict.
Commonwealth
Mining
May
Int Nickel...
21
Westinghouse Elec.
334
Inter. Paper & Power Int. Tel. & Tel
Johns-Manville
114
Woodward. Iroh Cot.
167
Marsman. Investments Randfontein Estates....
11/3 38/11
July
October
21..
40
Chase National Bank National City Bank
Western Holding..........
10
Sub-Nigel
187/0
NEW YORK HIDES
Tanami Gold Mining
414
Anglo-Iranian
48/9
June
-bid.
Iex div.
Burmush
62/6
September
1039/40
DOW JONES AVERAGE
High Low Dow Jones Averages. 156.92 114 13 30 Industriale
26.90' 22 15 20 Balls
20
29 22 83 21 40 Bonds
Change-Nominal
.04 off
May 24, 1940 May. 20, High Low Close 114.70 117.84 112.78 14.71 22.2123.84 22.35 2269 1881
19.03 18.83 18.42 83.10 83.38
51.38 Business Done -1,040,000 shares
06 67 46 59.11 Commodity Index 51.73
Ebell Trans. & Tr
(bearer)
December
61/101
New York Official
NY-London Cross Rate 3.23-1/2
27.70 19:34
ད ན ་ ད། མ །|
Utilition
SILVER MARKET
LONDON SILVER "
London, May 23 (Reuter).
Bulver. Little speculative cover-
Small, offerings. -ing.
Business
small. Market quiet. In the
37 up .09 of .18 of
.38 of
LONDON METALS
EXCHANGE
CHICAGO WHEÄT: Aproaching hedging on the new crop and daily changes of war news are pending towards caution on the part of buyers.
NEW YORK STOCKS: · Previous close. 114.75; Today's close, 114.71; Change, of .04.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
London, May 23 (Reuter).
TO-
TIN
buyera £
sellers'
£.
afternoon, the market, after very Standard, Gash 289-1/2 200-3/4 small business at 1/8 under the Standard,
rate, closed easy, with further small offerings at the lower rate.
Bpot, 21-13/104.
Forward, 21-5/8d..
BOMBAY SILVER
Bombay, May 23 (Router). Market-Quietly steady. Offtake
15 bara
Indian Mint Silver
Ready June 3 Bettlement July 2 Settlement
62-05
***... 82-04
62-08
-3 months 267-1/4′′ 267-1/2 - Standard,
Bet'ment Price 289-1/2 .. Market:-Barely steady,
289-3/4
Straits
BROKERS LOANS
New York, May 23 (Reuter). Loan on securities. to brokers in New York:-
Week-ended
1
Bad TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth 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. $495,000,000 $459,000,000 $403,600,000 TELEPHONE SOJIL GENERAL MANAGERS
Week-ended Week-ended
18/5/39 16/6/40 -23/5/20
Haiphong (Johor) Tientsin
Mukden Tokyo
New York Tsingtao
Peiping Yokohama Penang
•
HANKOW
PRIPIXO
(Peking)
FOREIGN EXCbanor and General Banking Business transacted.
CURRENT A000mWTMs opened and FIXED DEP08its received for One Year or shorter periods in Local or Other Currencies at ruten which will be quoted on application,
SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed ar ratesçobtainable». on application.
COBBENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter
The Bank's Head Office in London, periods in Local and other Our- rencies On
terms which will be undertakes Executor and Trustee
business, and claims recovery of -* quoted on application.
British Income Tax overpaid, on terms which may be ascertained at.. any of the Agencies and Branches.
R. A. OAMIDGE,
Manager.
Also up to date Bar DEPOSIT Roxes in various sizes To Lar Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank
THE CHASE BANK
conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAL
& SHANGHAI BANKING COR. PORATION. Rules may be obtain- ed on application.
For the Hongkong & ShanGĦAL-
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 28th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-up Capital ...... 6,598,800.00 Reserve and Undivided
"Profits......
2,983,251.50
Head Office:-HONG" KONG, No. 10 Des Voeur Road, Central.
Board of Directors:› "Sia SHOVSDN Cnow, Chairman Li Koon Chen, Esq. Li Lan Sang. Eaq..
Wong Chu Son, Baq. P. K. Kwok Esq. Wong Yun Tong, Esq. Kan fing Fo, kao. Chan Ching Sick, Esq. Fung Ping Wah Eng “KAN TONÒ Po, Esq., Chief Manager
L1 TBE Foxo, Esq., Manager
Branches and Agencies?"
Salgus Budow + Melbourn dan Fran. Mydne Nagsation
of stain New York Beattie V ones
Parla
Bemarang
Shanghai
Every description of Banking and Exchange business transicted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re ceived for ose year or shorter periods in Local and Foreign Cur ropcies on terms which will be quoted on application
SAFE CEPOSIT Boxes To LET.
KAN TONG PO,
Chief Manager.
THE KWANGTUNG PROVINCIAL
BANK
KIncorporated in Chica)
Buneral Banking Facilities and Financial Agusta tó The Provincial Government of Kwangtang Read Office-Skickass, Kwangtang Previnom Googkong Breach –Queen's Bldg.,Chater Bd. Cable Addresser--"PROVINCIĀL“"4:09, 240, ` Telephones:
20112, 20113, 20143, 20181, 3168L.” BRANCHES THROUGHOUT
SOUTH CHINA " Components in New York ung. Landan Paid Up Capital N$10,000,000 Beserve Capital
N$10,500,000
AUYANG MNLY,
Hongkung Manager.
Ajob?
WANT ADS
15
18, PINE STASET,
NEW YORK. An American Bank offering com
plete Foreign Banking Services in the principal Markets of the world. Interest Rates on Application. SAFE DEPOSIT BOXES
This Bank is entirely owned by
THI
CHASE
NATIONAL BAYx, NEW YORK, with Resources of eva. U.8.$9,000,000,000.
D. M. BIOGAR,
Second Flea Pril
BANK OF CHINA
Specially Chartered by ... THE NATIONAL GOVERNMENT OF CHINA AS AN ́INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.88 (BRANCHES ALL OVER ORINA) 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: 4, QUEEN'S. ROAD, C.
·South China Offices: "
OANTON" SWATOW SHIUCHOW
KONGMOON TOISHAN
KINGCHOW”
We also handle the issue of Bonds and other Public Funds of " the Chinese. Government both at Home land Abroad.
SHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office-15, Gracechurch Street,
" London, EC3. anthorised Capital
£5.000.000 Sabelled Capital
1,300,000 Faid-up Capli
erra Fund and Rest,...
BANKERS:
The Bank of England and Midland
Bank, Ltd... BRANCHES:
Bangkok.
Ipoh
Bombay
Jains
Caloutin
Kuantan
Colombo
Kandy
Delhi,
Karachi
Aut
Kata Bhara
Hongkong
Howrah
Kamin Lipis
Kasia Trenggen Made
New York
Bangoos
Shapphal
Bira
Kaala, Lámpar Singapore
HONG KONG BRANCH: Every description of Banking and Exchange Exuins pastoď,
TRUSTET. AND EXECUTORSHIP
·UNDERTAKEN
UUELENT LOCOUNTS opeanI in Local Char- Jendy and FIXED DEPOSITS roostved in Lossl Currency" ASTERLING on terms that may be sacertained qu epy lantion.
D. BENSON,
Mäonger,
After quling quiet, the market eased on small outside liquidation and closed uncertain,
Bombay
.Kuala
Francisco HAIPHONG
NEW YORK
YOKOHAMA
Calcutta
Lumpur
Shanghai
BAMBURG
NEW YORK COTTON: Moderate increase in Trade interest helped further steadiness. The general »situation is little changed.
NEW YORK BUBBER: There was some short-covering on the uncertainty regarding the D.EI. situation.
Canton
London
Singapore
Chefoo
Lyons
Sourabaya
Colombo
Malacca
Sungei
Dairen
Manila
Foccbow
Murr
Patani Swatow
Bankow
Harbia
Iloilo Ipoh
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Close Change High Low Close
Prev. Today's 9,32 9,10 '216 9.17 01 up 19.40 .18.50 19.04 18.65 .39 off
84) 82 23 #24 611 61 617 611 9.06 9.25 9.75 9.50 .25 off
1.off
+of
Close
9.15/18
9.35/36
Closing Opening
9.24/24 9.27/17 9.44b/48a. 9.40/40
Change
HEAD OFFICE;
,01 up
.04 up
6.67/67
8.76/77
8.62/62
-.05 of
****** 8.56/58
8.66/67
8.51/51
05 off
8.49 N
8.61a
8.44 N
05 off
8.30/30
8.38/40
8.29/30
.01 01
8.16/18
8.27/27
8.17/17
.01 up
9.96 N
9.99 N
.03 up
Total sales Wednesday: 21,000 bales.
20.106/15a
19.85 N
.45 off
19.04/08
19.15/15 17.60/55 17.70/70
"18,65/65
39 off
17.61/61
.01 up
17.05b
17.15/11
17.05/05
16.95b
17.02/01
18.95/95
knch. unch.
831/83
834/83
833/84
84/84
831/831 821/821 823/821
off off
Wednesday's sales:-18.609,000 bushels,
50+/591
ADDY
Kotloos
Louion
Prinz
Rangoon
Singapore
621/621 621/622 613/610
611/81%
62/62 61/611
1. of
Bombay
Manfa
off.
Galottta
Balphoog
Haskow
ionimin
Cobe
Prin
719/711
71/71
7274
·7478
7/21/73
711/72 7416
off сп
>
9.75/75
9.75/86
0.50/50
9.90/92
10.10/05
10.08/06
10.35/38
25 017 9.60/60
.30 of 9.90b/10.05a 18 off
35
35-1/8
3.17.