Buyers Buyers
Bank Bills, on demand 19 B/S Credits, 60 days sight to 5/8
On Batavia :--
On demand ...................................... 38. 3/4
On Paris:-
Bank Bills, on demand 1000 Credits 4 months' sight 1150
On Saigon:-
On demand
SPOT JULY-SEPT.
OCT.-DEC.
SPOT
36-3/4
36-7/8
PAGE: 10-HONGKONG DAILY PRESS
FOREIGN MARKETS AND QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MAY 28, 1940
On London:
Telegraphic Transter. 7/8 Bank Bills, an demand 1% 7/8 Credits 4 months' sight 1/3 3/1
“On Shanghalim
On demand.
On demand ......................................... 83
PAYNE & CO.
COMMODITY BROKERS - STOCK EXCHANGE BUILDING
HONGKONG,
COMMODITY MARKET REVIEW
(FROM PAYNE & co).
350
On Singapore:-
On demand
52 3/4
On Japan:-
On India:--
Telegraphic
Transfer.
New York, May 27, 1940.
SINGAPORE RUBBER
and demand ......
99 1/2
On New York:-
Previous
May 27
Closing Opening Closing Change
FINANCE
NEW
YORK STOCK EXCHANGE"
QUOTATION
(REUTEK'S SIRVION)
MAY 10, 1940. STOCKS
Lant Sale
MAY 28, 1940 STOCKS
May 27
Last Sale May 27
BANKING CORPORATION
Adams Express
5+
Alleghany Steel Co
181
J. & Laughlin Steel 57 pfd. 511 Kennecott Copper
291
Authorised Capital $80,000,000
Allied Stores
51
Lakey Foundry & Mac.
3
Allis Chalmary"
243
Libbey-Owens-Ford Glass 347
Aluminium Ltd.
58
Lockheed Aircraft
"30%"
Reserve Funds: Sterlinge i
'Amer. Can
201
Loew's Dac.
234
American Cyanamid B.
31z
Loft Incorperated
181
Proprietor
Amer. Foreign Power
11
Mack Truck me.
$90,000,000
193
WEDNESDAY, MAY 29, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charter, 1855
Paid-up Capital £6,500,000 Reserve Fund......
........£3,000,000 ...$3,000,000
pristora
HEAD OFFICE: LONDON:
£3,000,000
B.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
INDIA, AUSTRALIA
AN AND CHINA
Amer & Foreign ST pf.
123
Martin, Glen
34
Head Office:—HONG KONG.
American Gas & Elec.
271
McKesson & Robbins, pf4. ' 194
Amer. "Locomotive
11
Monsanto. Chemical
013
Amer. Metals Co.
13
Montgomery Ward
35
Amer. Radiator
5+
National Aviation
111
Amer. Rolling M
104
Nat Dairy Products
13
36-7/B
up 1/8
Amer. 8'ting and Ring Co. 361
Nat Distillers
اور
193
Amer, Sugar Renning
15
35-7/8
36 cts.
36 cts.
op 1/8
National Gypsum
57
34-1/4 34-3/8 -34-1/2
up 1/4
Amer. Tel & Tel
1497
National Lead
15%
Amer. Tobacco “B”
75+
Nat, Power & Light ..::
6
The market was quiet but steady: LONDON RUBBER
Amer, Waterworks
61
National Steel Corp.
52
G. Miskia, Esq.,
Previous close Today's close
Anaconda Copper
92
National Supply Corp.
K. S. Morrison, Esq.,
Board of Directors: : H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J...J. Paterson,
Deputy Chairman. J. K. Bousfield, Esq., A. H. Compton, Esq.,
Hoo, Mr. S. H. Dodwell,
38, Bishopsgate, E.0.2. Sup-Agencies in London: 117/123, Leadenhall Street, E.Qa West End Branch: 14/18," Cockspur” Street, S.W.L Manchester Branch: 52. Mosley Street, Manchester,
AGENCIES AND BRANCHES:
HARDIN
PENANG HONG KONG MANGGON
ALOR STAR AMRITUAK
.51
T. E. Pearce, Esq.,
buyers
buyers
Change:.
Atchison, T. & S. Fe
141
New York Central .........
101
0.0. Roberts, Esq..
11-7/16
11-5/8
41
JUNE
11-7/18
11-9/16
up 3/16 up 1/8
Auburn Motors
Niagara Hudson Power
33
Aviation Corp.
57
N. American Aviation
18
On Manila:----
On demand
39 1/4
JAN-MARCH
On Bangkok:-
The market was steadier-
On demand ...
120 1/2
On Sterling Notes:-
...
Bank Buying Rate
1/4 ·
108 3:4 JULY-SEPT.
OCT-DEC.;
11-3/8
1
11-1/2
Bacock & Wilcox
20**
North American Co.
18
11-1/8 10-15/16
11-1/4
Baldwin: Lecometive
14)
"
Northern Partic
51
10-15/16
unch.
Baltimore & Oblo
31
Owens-Пlinois Glass Co.
46
Branches:
Barber Asphalt Do.
101
Pacific Gas & Elec
Hon. Mr. A. L. Shields,
Sir Vandeleur M. Grayburo,
Chief Manager.
BOMBAY
CALCUTTA
AGENCIES:
Oliva StarUS FAIRLIS PLACE CANTON LAWXFORE
KUALA
KOBB
BANGKOK BATAVIA
ILOILO [PDB
SAIGON
SEREMBAN
KARACH KLANG
SHANGHAI
BINGAPOR
KITIAWAN
271
Barnsdall Ou
July (New contract) October
(
}
December January March May Spot
}
}
11
>
{
}
Bar Silver per oz....... 13/16
"Market Report
FROM ROZA, BROS. Silver prices dropped yesterday to the extent of 1/8 for Ready and 7/16 for Forward, the quotations being 23.5/18 and 21.13/16 respec- Evely. Silver advices reported In- dia as havirig re-sold for Forward delivery. The Cash market was steady. The market closed steady but quiet. American Silver Was quoted at 35.1/4 for Spot.
cross
The London-New York rate was quoted at 402.1/2. New York/London was quoted at, 319. 3/8.
Quiet
MARKET
STERLING
There were sellers at 1/2.31/32 May/October, buyers ut 1/3 For any delivery.
"U.S. DOLLARS Nothing doing. There were se! lers at 19.7/8 May and 19 13/15 June, buyers, at 20 zor Cash and 18.15/15 first half of June.
SHANGHAI DOLLARS Business was done early in the morning at 3621/2 for Cash fel- lowed by transactions at 362, 361, 1/2 and 361, 364 and 363 were also arranged to the end of May. Towards 1 pm, there were, sellers at 361.1/2, buyers probably at 302 for Cash.
SHANGHAI ‘DOLLARS
NEW YORK - COTTON: The firmness of nears
reflects strength of the Spot situation. Further irregular tightening of old erops is indicated. We expect July eventually above 10 cents,
NEW YORK RUBBER: The market is awaiting clarification of the Far Eastern developments. Trade shorts were the chief buyers. CHICAGO WHEAT: The bearish supply situation and the apathetic state of export enquiries remain unchanged. *
NEW YORK STOCKS: Previous "close, 114,75; Today's close, 116.35: Change, up 1.60.
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
NEW YORK COTTON July
'Total sales, Saturday:-18,200 bales,
NEW YORK RUBBER
May July September December January
Total sales:-1,500 tons,'
CHICAGO WHEAT
Sterling The highest rate repor- July ted was 45/32. Towards I p.m. sel-September lers were reported at 41/8, buyers December probably at 4.9/64" for Snot
AFTERNOON MARKET.
Saturday's sales:-11,759,000 bushels.
Bliss & Co.
the
Bell Aircraft Corp.
Bendix Aviation
Bethlehem Steel
Boeing Airplane.Co.
Borg-Warner
Bridgeport Brass Corp. Briggs Mig.
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $6... Budd M'facturing Corp....
"Canadian Pacific R'way Case, JI
Celanese
Chesapeake & Ohio
High Low Close Close Change
Prev. Today's 9.67 9.57 .9.49 9.82 13. up 19.58 19.25 19.30 19.55 .25 up 851 63 841 83 1 off 63 821 621 62% off
·10.09. 9.81" 9.92 9.81b 11 of
Chrysler Coron...................
Climax-Molybdenum Co...
Colts Patent Fire-Arms
Columbia. Gas & Eleg.......
Columbia 6% "A" pf..
Commercial Credit Co.
Com, Southern (Ord.) ...
Conselldated Edison
Close
Opening
Closing
Change
Consolidated Oll
Continental Can
9.49/40
9.57/59
9.62/43
.13 up
Continental Ou
9.67 N
9.79/79
9,83 N
.16 up
Copperweld Steel
8.79/79
8.85/86
8.91/91
.12 up
Corn Products
8.70/71
8.78/78
8.81/81"
...11 up
Curtiss Wright (C.)
8.63 N
8.70b/72a
8.74 N
.11 up
Curtis Wright_“A”
8.51/51
3.58/58
8.63/63
.12 LP
Deere & Co. .....
...... 8.37/37
3.48/46
8.49/49
.12 up
Distillers Corpn. Seagrams
10.41 N
10.48 N
.07 up
Douglas Aircraft
Du Pont de Nemours
Eagle Ficher Lead
Eaton Mig. Co.
20.17 "N
20.40 N
29 up
Elec. Autolite
19.30/35
19.25/25
19,55/58
.25 up
Elec. Bond & Share.........
18.18/20
28.20b/30a 18.38/40
.20 up
Elec. Bond & Share $5 pt.
17.80/80
17.70 N"
17.85/81 unquoted
18.00/00 17,90 N
.20 up
Bled Band & Share'së pf.
.20 up
Elec. Power & Light $7 pf.
Fisk Rubber
Flintkote
Gen. American Trans. ..........
Gen. Electric
847/85
85/851
84/841
1 off
Gen. Motors...
..... 84/84
857/951
851/85
833/84
1
off
Gen. Rallway Signal..
841/848
1 o
Gen. Tire & Rubber
Glidden Co.
Goodrich (BF.)
CHICAGO CORN
The market was quiet in the afternoon.
Goodrich $5 pf...
July
631/634 531/63
634/634
up
Goodyear Tire & Co. .........
STERLING
September
624b
83/63
627/621
off
Great Northern Iron Ore ..
I'very
U.S. DOLLARS
at 19.13/18 May, probably June. NEW YORK HIDES Buyers at, 19.15/16 for Cash and 19." 7/8 June,
June
No business was reported finish-December-
ing sellers at 1/2.31/32 May/O WINNIPEG WHEAT." tober, buyers at 1/3 for any de-
The market closed with sellers October
60/59
597a
wach
Great Northern Rly, ofd.
Great Western Sugar .. Greyhound Corpıl
May July
.75/75
-733D
11 off
Hercules Powder Co,
781/761 751/741 781/781
747/747 774-
Homestake Mining
11 00 11 off
International Harvester
Int Nickel
Inter. Paper & Power
Int. Tel. Tel.
9.92/82
September multidi December
10.24/25
10.48/48
9.98/10.09 10.37/30 10.56/53
9.81b/872 10.08/10 10.34 N
Johns-Manville
.18 off
14 off.
unquoted
35-3/8 3:19-3/8
168.92 113 94.30 Industriala
27,70 19.23 20. Utilities
SHANGHAI DOLLARS
Business was done this afternoon New York Oficial
at 362.1/2.363 and 364 for, Spot. At NY-London Cross Rate 3.20
the close there were sellers at 363,
SHANGHAI MARKET
Sellers Sterling were reported at 4.7/64 for Spot.
Shanghai Exchange
Shanghai, May 28 (Reuter?.
Official T.T. Rates
London
New York
Japan
India Paris
Hongkong
SILVER MARKET
LONDON SILVER
London; May 27 (Reuter). Silver-Indian reselling mostly relatively
for forward. Cash
steady, due to small Indian cover-
Ing. Business moderate. Market
quiet. In the afternoon, the mat-
ket was quietly steady.
Bpot. 22-5/18d.
Forward... 21-13/18d.
Opening
0/3-7/8
5-1/8 21-7/8
21-1/2
2.24
25-3/4
Sterling
Sellers
Opening Closing
Spot
10/4-1/8 0/4-1/8
May
0/4-1/8 *0/4-1/8
Ready
June
03-31/32 0/3-31/32"
U.S. 'Dollars
Spot
$5-1/2
May
5-1/2
$5-1/2
5-1/2
5-1/4
Market:Inclined to be easy.
June 5-1/4.
Silver Duty Rate
The Central Bank of China's rate on Landón at 10 am today was 1/2-1/20.
BOMBAY SILVER
Bombay, May 27 (Ruter). Market-Steady, Offtake 500 bars! Indian Mint Silver
June 3 Settlement July 3 Settlement
84-00
B4-08
84-12
LONDON METALS
EXCHANGE 'London, May 27 (Reuter).
TIIN
buyers. . sellers
Standard, Cash 286-3/4 -267
The Equalisation rate was 18-1/4 | Standard, per cent,
India Rupee Paper
Bombay, May 23 Reuter), Govt. 31% Rupee, 89-02-0.
3 months. 265-1/4 285-1/2
Calcutta Exchange
Calcutta, May 27 (Reuter). TT on Japan, 99-3/8.
LONDON GOLD
London, May 27 (Reuter).
Bar Gold. Fine per oz. 168.
1038/40
DOW JONES AVERAGE
High Low Dow Jones Averages.
35.00 22 15 20 Rails
92 22 83 1040 Bonds
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengera
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN'
HAIPHONG
All steaméra berth alongside the Roosevelt Terminal in. the French Concession at Shanghai, where passagers:
↑ and cargo are landed.
For further particulars.
please apply to-
JARDINE MATHESON&Co.,LT TELEPHONE 30SİL GENERAL MANAGERS.
Lyons Sourabaya-
Colombo Malacca Sungei Dairen Manila
Patani Swatow
Tokyo Tsingtao Peiping Yokohama
Penang
Haiphong (Johore) Tientsin
HAMBURG
NEW YORK
PELPING
HANKOW (Peking)
(Bhuket)
TRINITAO
· TOKOBAMA
-
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPOSITS received for One Year or shorter periods in Lonal or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT Accouxra opened in interest allowed at rates obtainable LOCAL CURRENCY and FixD DEUSIT on application.
rencies on terms which will be undertake Executor and Trustes quoted on application.
ALSO ap to date SAT DEPOSIT terms which may be ascertained at
& SHANGHAI BANKING COR PORATION. Bules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
Y. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorized Capital......$18,000,000.00 Paid-Up Capital 5,598,800.00) Reserve and Undivided
Profits
.2,933,261.50
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
SIR SHOUSON CHow, Chairmen
P. K. Kwok. Esq.
Li Lan Sang, Esq. Wong Chu Son, Esq.
Wong Yan Tong, Eaq. Kan Ying To Eag. Chan Ching Shuk, Esq. Fang Ping Wah Bạq KAN Tosa Po, Esq., Chief Manager Li Tez Foxa, Esq., Manager
Extaris
Branches and Agencies:--
Ebay..
Calcutta
Halpbong
Backow New York
Palping
Penang .Singapore Rangoon
Boursdays Burabowe
Ban Frans Byduny
any of the Agencies and Branches
R. A. CAMIDGE,
Manager.
THE CHASE BANK **
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the "world.. Interest "Rates on Application.
SAFE "DEPOSIT BOXES
THX
This Bank is entirely owned by CHABE NATIONAL BANK, New Yoax, with Resources of grať U.S.$2,900,000,000.
D. M. BIGGAR,
Second Fios Pres
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 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:
KONGMOON TOISHAN KINGCHOW
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 Cury CANTON Tencies 00 terms which will be SWATOW
SHLUCHOW quated on application.
SAFE LAPOSIT Boxes To Laz."
We also handle the issue of Bonds KAN TONG PO, and other Publis Funds of the Chief Manager. Chinese Government both at Home
and Abroad......
SHOW J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK
(ingarporated in Miam
General Banking Facilities and Financial Agente to The Provincial Government of Kwangtong Head Ofc-8bfukwan, Kwangtang Province Hongkong Branch -Queens's Bldg, 3 Chater Bd. Calle Addterms-"PROVINCIAL" $629, MIAE. Telephones:
20112, 20113, 20143, 20181, 31681.--
BRANCHES THROUGHOUT SOUTH CHINA Correspondeats in Yaw York and London Paid Up Capital ..... N$10,000,000 Reserve Capital ....... N$10,500,000
AUYANG M-NLY,
Hoogkong Manaque.
A Job?
WANT ADS
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office-15, Gracechurch Street,
•London, ECS Authorised. Capital Subscribed Capital Paid-up Capitis Reserve Fund, and Rent,
BANKERS:
£9,000,000 21,800,000 £1,060%
The Bank of England and Midland
Bank, Ltd. BRANCHES:
نادرا
Kcantan
Karachi
Kuala Trengganu
Madras
Daw Tork
Bangkok Bombay
Colombo
Kandy
Delbi Challa
Kota Bharu
Hongkong
Kazla Lipis
81mls
Kala Lumpur
прирате
Howrah
Penang Lagoon Shanghai
HONG KONG BRANCH: Every description of Banking and Exchange brainwas transnoted.
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
CURRENT ACCOUNTS opened in Lanal Cur. Peory, and #IXED DEPOSITS vuosival in Lowl Curney & STERLING me that may be sscertained on application.
D. BENSON.
*Manager,
B1
Amoy
Johore
Pactic Lighting
38.
18
Bangkok Hobe
Rangoon Saikon-
СЕВП DOLOMBO
LUMPUR KUCHING MADHAR
BOURABAYA TAIPING
ተነ
TIRNTAIN TONGKAN
MANILA
Packard Motors
27
281
Batavia Kowloon San
DILAI
MEDAN
Pan-American Airways
141
Bombay Kuslä
Francisco
HAIPHONG
71..
Paramount. Pictures
41
Calcutta
"Lumpur Shanghai
15
Pennsylvania RR.
172
Canton London
Singapore
161
-Phelps-Dodge
Chotoo
18+
Philadelphia Read, Coal
Philips Petroleum,
15
Poochow
Muar
Pittsburg Coke
Iron
8i-
181.
Public Service of NJ.
344
Bankow
Mukden
100
Pullman Inc.
દા
Harbin New York
33
Pure O
Iloilo
3
Radio Corpn. of Am.
41
Ipoh
45
Reading Company, Com
101
237
Remington Arms Co., Inc.
31.
321
Republic Aviation Corp. ...
51
81
received for one year or shorter
Republic Stoel
18
29
periods in Local and other Car.
The Bank's Head Office in, London
Revere Cop. & Brass Inc.
91
71*
Reynold Tobac, "B"
351
41
Richfeld On
61
business, and claims recovery of British Income Tax overpaid, on
72
Bafeway Stores
383
33
Schenley Distillers
Boxes in various sizes To Lar. Hong Kong. 28th February, 1940.
15/16
Sears Roebuck
661
25)
Shell Union of
81
61
Socony-Vacunum Ol
841
35
Southern Pacific
71
HONGKONG SAVINGS
BANK
192
Southern Rly $5 pfd.
.157
184
Sperry
387
The Business of the above Bank
454
Spicer Manufacturing. Co. 234
is conducted by the HONGKONG
8
Standard Brands ...........
51
24
Stand Gas & Elec.
11
151
Standard OH of California
187
134
Standard On of “NJ.
312
78
Stone & Webster-
в
155
Studebaker Com
61
71
Swift International
181
27
Technicolor
102
281
Texas Corpn.
347
4
Texes Galf Sulphur
29
44
Timken-Axle ....
20
58+
Trans-America Co.
42
221
20th Cent. Fox.
B
101
20th Cent. Fox, $1 pf.
144
121
Union Bag & Paper Corp.
10
39
Union Carbide & Carbon
631
201
Union Pacific
78
401
United Aircraft
44
United Airlines Trans
141
12
United Corpn.
*12*
United Corpn. $3 cum pr. 29,
114
United Gas Corpn.
11
461
United Gas Improvement
11
Li Koon Chua Esq.
142
U.S., Industrual Alcohol.
17
124
U.S. Rubber
18
181
US. Rubber $8 píd.
74
21..
U.S. Steel
483
101
Vanadium
291
41
18"
Vuitee Aircraft.
42
Walworth Co...
31
Amby
1 Kowloos
387
201
Warner Bros. Pict. Westinghouse Elec.
2+
Loudon
Manila
848
12.
·Woodward Iron Cor.
21
Melbour Bugasaka
22
46
Chase National Bank National City Bank
Hencialu Paria Babe
Saigon
Beatzle
ciao eatin
duvar
Bemarang Shangbal
.bid.
t-mex div..
May, 28, 1940. May. 25, High Low Cloas 114.76
117.71 115.07 116.35
Change
1.60 up
9276
23.48 23.12 23:32
..88 up
'ו
18.52
18.07 18.69 18.91
39 up
83.33
65,67 45.89 11 Commodity Index 53.04
63.60 52.00 Business Done: 790,000 shares
.36 up .09 of