PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
41'
+
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MAY 25, 1948
On Landon:-
Telegraphie Transfer. 1/2 7/8 Bank Bills, en demand 1/9 7/8 Credits 4 months' sight 1/33/1 On Shanghai:—
On demand A. 346
PAYNE & CO.
"COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
Bank Bills, on demand 19 1/2 Credits, 60 days' sight 20 5/8
JULY-SEPT.
OOT-DEC.
(FROM PAYNE & CO.)
Previous
11
May 25
Closing Opening Closing. Change Buyers Buyers
FROM ROZA, BROS. Silver prices rose 5/8 yesterday for both deliveries, the quotations being 227/16 for Ready and 22.1/4 ter Forward. Silver advices re- ported Speculators as having bought to a small extent The market was steady but quiet. American Silver was quoted at 35. 1/4 for Spot.
The London-New York cross- rate was quoted at 402.1/2. New York-London was quoted at 318.
NEW YORK COTTON: The majority of the Trade" belleves that a higher loan basis of 9 to 9.30 cents on the new crop is pro- bable.
NEW YORK RUBBER: The market is reflecting reports of small primary arrivals. »
CHICAGO WHEAT: A leading grain expert favours, selling Sep. tember at present levels and buying at 784.er 79..
NEW YORK, STOCKS: Previous close, 113.94; Today's close, 114.75; Change, up. 81.
STERLING
MONDAY, MAY 27, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.. $50,000,000
"INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1853
Reserve Funda': Sterling
£5,500,000 Reserve Fund
Paid-Up Capital £3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro Heserve Liability of Proprietors.....
..$20,000,000
Head Office:-HONG KONG
"Board of Directors:
H. V. Wilkinson, Esq...
Chairman.
יו
Hon, Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfield, 'Eəq.," " A. E. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
G. Miskin, Esq.,
C. C. Roberts, Esq.,
Hon. Mr. A. L. Shield Sir Vandeleur M. Grayburn,
4 Chief Manager.
Branches:
Rangoon Saigon
prietors
£3,000,000
.....£3,000,000 HEAD OFFICE: LONDON:
38, Bishopsgate E.0.8. Sub-Arenoles In London; 117/199, Leadenhall Street, E.Ɑx West End Branch: 14/18, Cookapur Street,,, 8.W.L Manchester Branch;
59, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES:
ALOR STAR AMRITZAR BANGKOK BATAVIA BOMBAT
CALOUTTA
HARRIN
PENANG
HONG KONG MANGOON
ILOTEA " IPGE
KARACHI
KLANG
AGENCIES: KORE Olive Stazz PATRIK PRAC
CANTON
CAWNFORM
GEBU COLOMBO
DELEI
Francisco HAIPHONG
HAMBURG
Singapore HANKOW
Tsingtao Yokohama
KUALA
· LUMPUR
KUCHING MADRAS MANILA
MEAN
NEW YORK PEIPING
(Peking)
BALGON
SEREMBAN
SHANOBAL
SINGAPOR
SITIAWAN
SOURABAYA TAIPING
TURNTRIK TONGZAM
(Bhuket)
THIN STAC TOXOHAMA.
FOREIGN EXCHANGE and Gensen). Banking Business transacted.
CURRENT. Accouæis 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 ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened interest allowed at rates obtainable LOCAL CURRENCY and FrasD DEFOBITS 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 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 CAMIDGE,
Manager.
ALSO up to date Sars DEPOSIT Boxes in various sizes To Lat. Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
MAY 14, 1940. STOCKS
Last Sale
MAY 24, 1940 STOCKS
Last Sale
May 23
May 23
Adams Express 09.
47
Alleghany, Steel Co.
181
Allied Stores
47
Allis Chalmers
24
J. & Laughita Steel $7 pfd. Kermecott Copper ........ Lakey Foundry & Mac........ Libbey-Owens-Ford "Glass"
50
37+
21**
34
Aluminium Ltd.
52
Lockheed Aircraft
29†
Amer. Can
01
Loew's Inc.
218
| On Singapore:—
'Ameriean · Cyanainid B.
28
Loft Incorporated
174
On demand
58 3/4
Amer. & Foreign Power
Mack Truck Inc.
17
On Japan:
Amer & Foreign 37 pt.
12
Martin, Glen L.
331
On demand.............. 3 1/
American Gas & Elec, ....
25+
McKesson & Robbins, pf4. 18)
On India:-
Amer, Locomotive.
11
Monsanto Chemical
89
Telegraphic Transfer.
บ
New York, May 25, 1940.
"SINGAPORE RUBBER
Amer, Metals Co...........
14
Montgomery Ward
344
and demand..............
89 1/2
SPOT
Amer. Radiator
54-
National Aviatiori
On New York:---
101
Amer. Rolling Mil
101
Nat. Dairy Products
13
"
"Amer. 8'ting and Ring Co.
341
Nat. Distillers-
36-1/4 38-3/8 36-3/4 up 1/2 35-3/8 35-1/2 35-7/8 33-3/4 33-7/8
tip 172 34-1/2 up 1/3
&
.18 "
K. S. Morrison, Esq.,
Amer, Sugar Refining
15
National Gypsum
"51
On Batavia--
Amer. Tel & Tel.
147
National Lead
158
On demand
• 36 1/2
The market was' steady but quiet. LONDON. RUBBER
T. E. Pearce, Esq.,
Previous close. Today's close
Amer. Tobacco "B"
741
Nat, Power & Light
51
On Paris:-
buyers
buyers
Change
Amer. Waterworks
0
National Steel Corp.
40
Bank Bills, on demand 1090
SPOT
11-7/16
Anaconda Copper
.191
National Supply Corp.'
Credits 4 months' sight 1150
J.UNE
11-7/16
Atchison, T. & S. Ja
131
New York Central
10
On Saigon:-
JULY-SEPT.
11-3/8
Market closed
Auburn Motors
}
Niagara Hudson Power
On demand
108 3/4
OCT-DEC.
11-1/8
3+
Aviation Carp. '...
6
N. American Aviation
171
On Manila:
"JAN-MARCH
10-15/16
Bacock & Wilcox .....
101
North American, Co.
164
On demand
39
Amoy Bangkok
Johore Kobe
On Bangkok:-
Batavia
Kowloon
San
"Baldwin Lecometive
13
Northern Pacific
5
Baltimore & Ohio
31
Owens-Illinois Glass Do....
47
On-demand
140 1/2
* Bombay
Kuala
Calcutta
Barber Asphalt Co.
04
Pacific Gas & Elec
261
On Sterling Note:
Lumpur Shanghai
Canton
London"
Barnsdall ON
7
Pacific Lighting
· 38.
Bank Buying Rate
1/4
Chefoo
Bar Silver.për oz.
Bell Aircraft Corp.
171
Packard Motors..
24.
92 7/18
Lyons
Sourabaya
Colombo
Malacca
Bungel
Bendix Aviation
271
Pan-American Airways
127
Bethlehem Steel
661
Paramount Pictures
41
Market Report
Dairen Foochow
Manila
Patani
Muar
Swałow
Blas&Co.
141
Pennsylvania R.R
16%
Haiphong (Johore) Tientsin
Bankow
Mukden Tokyo
Boeing Airplane Co.
16
Phelps-Dodge
20it
Harbin
New York
Borg-Warner
14
Philadelphia Read, Coal
Bridgeport Brass Corp.
81
Phillips Petroleum
283
Briggs Mig.
14
Pittsburg Coke & Iron
51
Brooklyn-M'hattan Trans.. '18)
Public Service of NJ.
Brooklyn-Manhattan $6....
104*
Pullman Inc.
331 1722-
NEW YORK COMMODITY (REUTER'S SERVICE)
MÄRKET
Roilo.
Peiping
"Ipob
Penang
High Low
Budd M'facturing Corp.
38
Pure O........
7/
Canadian Pacific R'way
29
Radio Corpn. of Am
Case, JI
40
Reading Company,
Com
101
Celanese
211
Remington Arms Co., Inc.
31"
Chesapeake & Ohio
33
Republic Aviation Corp.
41
Chrysler Corpn.
583
Republic Steel
142
....
Climax-Molybdenum Co.
26
Revere Cop. & Brass Inc.
81
Ocits Patent Fire-Arms
71
Reynold Tobar. "B"
38
3/4.
Columbia Gas & Elec. .....
44
Richfeld Ol
01
MARKET
New York Cotton, July New York Rabber, "July Chicago Wheat, Sept. Chicago Cora, Sept........ New York Hides. June, NEW YORK COTTON July
9.52
· 9.44.
19.35
18.90
Close Close Change Prev. Today's
9.45 18.85
9.49 .04. up 19.30 .45 up
847.
831 83
844 # up
*62
611
618
621b 1 Lp
9.05
9.83
9.65
9.92 27 up
Close
Opening
Closing
Change
9.45/46
9.48/48
9.49/49.
.04 up
Columbia 6% "A" pf.
761
Safeway Stores
384
Qulet.
July (New contract) October
9.66 N
9.67b/70a
. 9.67 N
.01 up
(
}
8.81/81
8.81/81
8,79/79
.08 up
Commercial Credit Co.
30
Schenley Distillers
81
December
8.73/13
8.72/74
8.70/71
.03 off
Com. & Southern (Ord.)
13/16
Sears Roebuck
83
Consolidated Edison
243
Shell Union Of
Consolidated Ou
6.
Socony-Vacunum On
.8
Continental Can
..344
Southern Pacific
No business was reported. There were sellers at 1/2.31/32 May- October; buyers at 1/3 for any de- livery.
January (
}
8.88 N
8.65b/680
8.63 N
.03 off
中医
March
OC
).... 8.53. N
8.55/65
8.51/51
.04. off
is conducted by the HONGKONG
Continental O
19
Southern Rly $6 pfd.
141
May Spot
{
8.42/42
8.41/42
8.37/37
.05 off
10.37 N
10.41 N
.04 up
Total sales Friday:
42,300 bales.
Copperweld Steel
17
Sperry
38
Corn Products
40
Spicer Manufacturing Co. 224
Gurtiss Wright (C.)
81
Standard Brands
51
Ourtiss Wright "A"
224
Stand Gas & Elec.
If
Deers & Co.
141
Standard Of of California,
191
Distillers Corpn. Seagrams
127
Standard OU of N.J.
324
Douglas Aircraft
75}
Stone Webster
51
A small business was done at 19.15/18 for May delivery. The market closed with sellers at 19. 1/8 for May, probably June, buyers at 20 for Cash and 19.15/16 Arst week of June.
NEW YORK RUBBER May July
19.82 N
20.17 N
.35 wp
18.85/90
18.90/90
19.90/35
45 up
17.80/80
17.80/81
18.18/20
December
17.45/45
17.55/65
17.80/80
January
"17.35 N
unquoted
17.70 N
.38.up ..36 up 35 up
Du Pont de Nemours
154
Studebaker Com
31
Eagle Picher Lead
7
Swift International
163
Total sales:-830 tons. CHICAGO WHEAT
-Eaton Mfg. Co.
24
Technicolor
July
831/831
Elec. Autolite
263
Texas Corpn.
34
at 360.1/2,
September
831/831-
831/838 831/831
Elec. Bond & Share
4་
Texes Gulf Sulphur
272
December
841/841
841/85 .843/841 85/85
up
up
up
Elec. Band & Share $5 pí
451*
Timken-Axle
191
Elec. Bond & Share $5 pt.
55
Trans-America Co.
41
Elec. Power & Light $7 pi.
101
20th Cent. Fox
54
Spot and U.S.S, at 5.17/32 for Spot.
July
621/62+
321/82)
831/631
$up
Fisk Rubber
10"
20th Cent. Fox. $13 pt.
141
September
812/614
611/617
6216
up
Fintkote
111
Union Bag & Paper Corp.
94
Gen. American Trana
371
Union Carbide & Carbon
641
India Rupee Paper
December
593/592
60/591
WINNIPEG WHEAT
Gen. Electric
29
Union Pactic
73
Bombay, May 25 (Reuter),
May
71/71
25/75
up
..
Gen. Motors
"381
United Aircraft
414
Gort, 31% Rupee, 89-08-0.
July
711/12
721/721
781/761
41 up
Gen Rallway. Signal.
101
United Airlines Trans
131
October
74b
784781
44 up
4
Chen, Tire & Rubber
103
United Corpn.
11
NEW YORK HIDES
Glidden Co.
11
United Corpn. $3 cun pt.
281
K. & Shal Bank (Col
Junė
9.85b/"72a
9,70/75
9.92/92"
Goodrich (B.F.)
104
United Gas Corpn.
14
Iteg)
84
September
9.38/90
9.99/98
10.24/25
.38 up
Goodrich $5 pf.
46
United Gas Improvement
101
Chinese Eng. & Mining
December
10.15b/20a
10.20b/28a 10.48/48
33 up
Goodyear Tire & Co.
121
US. Industrual Alcohol.
15
(bearer)
18/8
Great Northern Iron Ore ..
121
US. Rubber
151
Chosen, Corporation
6/8
New York Oficial... 34-1/4 NY-London Cross Rate 3.18-3/4
unquoted 3.20
Great Northern Rly, pfd.
171
US Rubber $8 pfď.
731
Pekin Syndicate ..........
2
Great Westem Sugar
201
UB: Steel
44.
8'hai Elec. Constr. Co...
15
Greyhound Corpn.
10/
Vanadium
26
8'haf Waterworks "A"
15
Hercules Powder Co
761
Vultee Aircraft
Union Insurance
28
Homestake Mining
42
Walworth Co.
31
Gula Kalumpong Rubber
17/8
International Harvester÷
331
Warner Bros. Pict.
21
Allied Ironfounders ......
13
Int Nickel-
21
Westinghouse Elec.
834
Asso. & Elec. Industries 37/9
Inter. Paper & Power
111
Woodward Iron Cor.
167
Austin Motors, ord.......
12/6
Bombay, May 25 (Reuter). Market Steady. Oftake 150 bars. Indian Mint Silver
Int. Tel. & Tel
21
Johns-Manvlile
.48
Chase National Bank National City Bank
Cable & Wireless, New
Form, ord.
Ready
48
June 3 Settlement
B.-A. Tab. (bearer)
95
July 2 Bettlement
63-13 83-13 64-02
Mercantile Bank
121
•---bid.
1-ex div.
Cammell Laird, ord.
5/71
Mexican Eagle
ish
Calcutta Exchange
1939/40
May 24, 1940,
High
Change
Courtaulds
30"
15892 114 13 30 Industrials.
114.75
117.84 112.78 114.71
60/6
Calcutta, May 25 Reuter). TIT. on Japan, 99-3/8..
Straits.
35.90 22 16 20 Rails
22.21
83.84, 22.35 22.58
37 up
32/11
97.30 1831 20 Utilitien
1851
19.03 18.23 18.4%
75/9
22 23 23 21 40 Bonds
83.29
Commodity Index $1.73
83.10 51:35
Business Done-1,840,000 shares
DOW JONES AVERAGE
Low Dow Joned Averages, May. 22, High Low Close
||
16
U. S. DOLLARS
SHANGHAI DOLLARS
Quiet Sellers at 359.1/2 buyers
SHANGHAI MARKET
Sterling sellers at 4.9/64 for
04 off Distillers ........................
Dunlop Rubber
09 off Ger: Electric (England) .18 of Guinness (A) Son & Co. 71 38 off Hawker Siddeley Airc. ...
9/11" Bristol Aeroplane ...................... 10/6 Imperial: Chemical Ind. 28/6- Imperial Tobacco R........... 98/9 Marks & Sp'eer "A" ord.
(EZOTER'S SERVICE)
Rolls Royce
Chin. Imperial Rly, 5%
Loan
Leyland. Motors
60
Tate & Lyle
12
65,87 4559 11
LONDON STOCK EXCHANGE
London, May 24
The following quotations are the
middle prices at the close of the Hanan Riy, 5%
market in London. All quotations | Kuruang Rly. 1%, 1911... 16 are subject to confirmation and no Bukuang Rly. 5%, 1911 responsibility, is assumed for errors
(German Issue)........ 13
Lung Talig U.Hai
B'hai-N'King Ely. 5%
Tientsin-Pukaw Rly, 5%
Turner & Newall
United Steel
Rly. 5% 1913
** 238.
September
Friday's sales:-7,977,000 bushels. CHICAGO COEN
SILVER MARKET
BOMBAY SILVER
37 up
LONDON METALS
EXCHANGE London. May 24 (Renter),
TIN.
buyers - sellers
起 £
Standard, Cash' 267-1/2 267-3/4 Standard,
3 months 265-1/4 285-1/2 Standard,
Bet'ment Price 267-1/2 Market:--Easier.
287-3/4
THE CHASE BANK
The Business of the above Bank 10, QUEEN'S ROAD, CENTRAL
& SHANGHAI BANKING - COR~] PORATION, Bules may be obtain- ad on application.
For the HONGKONG & SHANGHA:
"BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
BANK OF EAST ASIA, LIMITED
ولا
Authorised Capital......$10,000,000, 00: Paid-Up Capital 5,598,600.00 Reserve and Undivided
Profits
2,083,251.50,
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
SI SHOUSON Cnow, Chairman Ll Kova Chm. Esq. LiLn Sung, Beq. F. K. Kwok, Esq. Woar Cha Sơn. Đ Wong Yra Trey, Eng, Kan Ying Po, Esq. - Chan Ching Bhok, Raq, Fung Ping Wah Esq KAN TONG.PO, Esq., Chief Manager Li Ter Foxo, Esq., Manager
Amay
Branches and Agencies:- --
Bateria Bombay Chlorida.
Halphous Hankow
Honolul Kobe
Kareloom Penang
Klingspors Loodan Rangoon Barrabaya Manila.. Saigon Awolow Malbourne San Fran. `Sydney
ciao, lakin
Semarang Shangha
New Lock Battle Parin
וי-
Palping
Every description of Banking and Exchange business transacted. Loans
HEAD OFFICE:-
18, PINK STREET,
* NEW YORK: An American Bank offering com- plate Foreign Banking Bervice in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank in entirely owned by TEL CHANK ΝΑΤΙΟΝΑΣ ΒΑΣΙΣ, New Youx, with Resourosa 'olzerát 1.8.$2,900,000,000.
D. M. BIGGAR,
Second Vice Prie
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000,00 (BEANCHES ALL OVER CHINA) Owing to our numerous Branebes in Ching and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Doraestio and Foreign Banking and Exchange.
Head Office:-BHANGHAI Hong Kong Branch:
KONGMOON TOISHAN
KINGOHOW
4, QUEEN'S ROAD, C. South China Offices: granted on approved securities
Current Accounts opened in Local CANTON Currency and Fixed Deposits rSWATOW ceived for one year or shorter
SHIUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.
"SAVE EXPOSIT BOXES TO LET.
KAN TONG 'PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Bervices for Cargo and Passengers
SWATOW, SHANGHAL, TSINGTAU, CHEFOO'
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
A SÄNDAKAN"-
HAIPHONG
All steamers berth alongside
38/3
80
57/8
50/104
TO
61/6
......
20/6
Smethwick Drop Forg.
13/9
in transmission.
Armstrong Stevens, ord. Pressed Steel, com
8/8
14/13
Vickerz, ord.
14/74
War Loan, 3}%" (Red
after 1952)........
Woolworths
55
981
Anglo-Dutch
19
3
Canton-Kloon Rly. 5%
10
(Brit. Atpd.)
Chinese 41% Gold Lean
1898 (Brit. Issue)......
47
Chinese 5% Gold Bonds,
1925-47
Chin 41% Anglo-French
Loan, 1908
40
Chinese 5% Crisp Loan.
Tientsin-Púkow Rly. 5%
(German. Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Bupl, Loan) 2 Tientsin-Pukow Rly, 5%
(Ger. Stpd. Supl Loan)? 9
38 Jap. 5% Ster, Loan, 1907
9
Rub. Plant. Invest. Trust Burma Corporation Commonwealth Mining Mazzman Investments Randfontein Estates Western Holdinga ................
25/7} 7/23
10/6
38/11
10
For further particulars
Sub-Nigel .....
187/8
plosae apply to-
Tanami Gold, Mining
41d
1912...
18
Jap. 6% Ster. Loan, 1924 44
| Anglo-Iranian
4879
Chinese 5% Reorg, Loan,
1913 (Lan. Is.)
28
Ger, 7% Intl. Loan, 1924 € Chartered Bank
Burmah
63/11
81
Shell Trans, & Trad.
Chinese 8% Ster. Noter,
HK & Shai Bank (Ldn.
(bearer)
62/8
1925 (Vickers)
8
Reg.)
827
C-Nominal
the Roosevelt Terminal in
the French Concession at
Shanghai, where passengers
and cargo are landed..
JARDINE MATHESON&Co.,L TELEPHONE ZOZILO GENERAL MANAGERS:
We also handle the issue of Bonds and other Publio Fands of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager,
THE KWANGTUNG.. PROVINCIAL
NBANK..
Incorporated' in Cihlas)'
General Banking Freiliitos, and Financial Agents to The Provincial Government of Kwangiang Head Office-Shinkwan, Kwangtang Provinos
· Hongkong Branch-Queen's Bldg., & Chater Hd: Cable Addrzew—“PROVINCIAL” 2030, 9443. Telephones:
2011, 20113, 20145, 20181, 81681" BRANCHES THROUGHOUT HE SOUTH CHINA” DAN
Correspondents in New York and London | Paid Up Capital ...........:) N$10,000,000. Reserve Capital .............. N$10,500,000.
AUYANG MANLY, A Hongkong ManguÍS
A Job?
WANT ADS
11