TUESDAY, JUNE 4,1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 1835
Hon. Mr. S. H. Dodwell,
Sir. Vandeleur, M. Grayburn,
Chit Manager.
Saigon
Paid-Up Capital Reserve Fund Reserve Liability of Pro-
....£3,000,000-
£3,000,000
£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2.
Suo-Agencies In London: 117/122, Leadenhall Street, E. Ca West End Branch: 14/18, Cockspur Street, B.W.L Manchester Branch: 52. Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
HARSIN PENANA HONG TONG JAKDOON
ALOR STAR AMRITSAR BANGKOK BATAV LA BOMBAY CALCUTTA
AGENCIES: KOBE
CLICK STASET FAIRLIS PLACE
CAWNFORD
COLOMBO DELAI
Francisco AIPHONG
Patanj
Peiplag Yokohama Penang
| KANKOW
RDALA
NEW YORK. PRIPING
(Peking)
(Bhuket) TSINGTAO TOKOBAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACoovis opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencica, at rates which will be quoted on application.
RAGE 10-HONGKONG” DAILY PRESS·
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
MONEY AND EXCHANGE
CLOSING QUOTATIONS.
JUNE 3, 1940,
On London:-
Telegraphie Transter. 1/3'7/0 Bank Bills, en demand 1/2 7/8 Credits 4 months' fight 1/33/1 On Shanghai :--
On demand On Singapore)----
On demand
FINANCE
NEW YORK STOCK EXCHANGE
QUOTATION
ÈREUTER'S SERVICE).
*3*
MAY 10, 1940. ** STOCKS
Last Sale
JUNE 2,1940. STOCKS
June 1
Last Suic June 1
BANKING CORPORATION
Adams Expres
43
Kennecott Copper...
27
Alleghany Steel Co.
19
Lakey Foundry & Mac. .
Authorised Capital $60,000,000.
INDIA, AUSTRALIA
AND CHINA
Allied Stores
51
Libbey-Owens-Ford
321
330
Allis Chalmers
25+
Lockheed Aircraft
Reserve Funds:
39+
Aluminium Ltd,
55*
Sterling
Loew's Inc.
22
69 3/4
Ames. Can.......
91*
New York, June 1, 1910,
On Japan:-.
Loft Incorperated
182
Reserve Liability of
H.K. Currency Reserve $10,000,000
....... £6,500,000
Previous
June 1
On demand
83
American Cyanamid B....
312
Mack Truck Inc..
181
Proprietors
$20,000,000
prietors.......
SINGAPORE RUBBER
Closing Opening Closing Change
Buyers Buyers
On India:-
Amer. & Foreign Power
31
Martin, Glen L .....
332
SPOT
38-3/4 37-1/4 37-3/8
up 5/8
Telegraphic Transfer. 82 1/2
and demand
가
Amer & Foreign $7 pf. ..... American Gas & Elec......
15
McKesson & Robbins, pld. 131
Head Office:-HONG KONG
261
Monsanto Chemical
+89
JULY-SEPT.
35-374 36-1/4
OCT.-DEC.
34-1/2-35 cts.
36-1/4 35-1/8
up 1/2
On New York:-
·Amer, Locomotive
114
Montgomery Ward"
351
up 5/8
The market was steady but quiet.
LONDON RUBBER
Previous close Today's close
buyers
buyers.
Change
Bank Bills, on demand 19 3/4 Credits, 60 days' sight 20 3/4 On Batavia:-
...On demand
Amer. Metals Co... seems
15
National Aviation ...........
101
Amer, Radiator
51
| Nat, Dairy Products
121
Amer. Rolling Mill
11
Nat, Distillers
18
36 7/8
Amer. 'ting and Ring Co. 34
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman,
National Gypsum
52
SPOT
11-7/8
On Faris:-
Amer. Sugar Refining
12)*
National Lead
154*
JUNE
11-13/10
JULY-SEPT.
11-3/4
Market closed.
Bank Bills, on demand 1090 Credits 4 months' sight 1150
Amer, Tel, & Tel.
1403
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Nat, Power & Light
Amer, Tobacco "B"
National Steel Corp.
53
G. Miskia, Esq.,
OCT.-DEC.
11-5/16
On Saigon:-
Amer, Waterworks
82...
National Supply, Corp.
51
K. S. Morrison, Esq.,.
11-1/16
كم
Total sales Friday:-25,200 bales.
NEW YORK RUBBER
July
September
December
January
New York Cotton, July New York Rubber. July Chicago Wheat. Sept. Chicago Corn, Sept, New York Hides, June NEW YORK COTTON Juls
High Low Close Close Change
Prev... Today's *9.47 9.25" 9.40- 9.38 .02 off 21.52 20.75 20.35 21.50 1.15 up
82) 811 813 821 1 up.
601 607 7.up 61 601
9.856 9:68N 17 Off
Qulet.
Close
Opening
Closing
Change
0.40/40
9.46/46
July New contract)
9.60 N
unquoted
October
8.55/63
9.87/67
December
8.56/56
0.50/59
January
8.49 N
8.51b/53a
"8.48 N
.01 off
March
8.37/37
May
}
8.23/23
. է
8.30/30 8.25/25
Spor
10.21 N
8.22/22 10.21 N"
20.35/36
18.82/82
20.55b/70a 19:00/00
21.50 52 19.40/45
1.15
18.35b/40
18.25 N
18.456/553 unqboted
18.75/75 18.65
140 up
N
9.38/40
8.34/36
p
מנו :56.
קני 40,
Total mies:-1,000 tons.
Friday's sales:-13,587 000 bushels.
CHICAGO WHEAT
July
811/81
..
September
December
817/614 821/821 82/821
313/813 813/817
817/812 621/621 83/821
4 up
} LD
up
CHICAGO CORN
July
811/51.
61/61
61/613
up
September
601/601
61/603
601/60%
December
581/581
58/58
581/581
i up ▲ up
WINNIPEG WHEAT
Maly
73ja
wwww..
July
741/743
75175/1
October
700/768
deleted 75/75 777/777
NEW YORK HIDES
June
September
9.85b/85a 10.02/05
9.68 N ..9.88/88
December
10.28 N
35-1/8
10.12b/18a unquoted 3.21
9.75b/75a 0.99/09
• "10.20b/201
JAN.-MARCH
until
NEW YORK COTTON: There was some foreign and local sell- ing, based on indications that no official announcement is likely to be made with regard to the Loan and subsidy programthe after the issuance of the Government August report and forecast of probable production." The weather continues to be favourable.
The market is Arm and sellers are NEW YORK RUBBER: cautions due to the continued tightness on the shipment markets.
CHICAGO WHEAT: The unsettling Italian attitude continues to be a potential threat to higher prices.
NEW YORK STOCKS: Previous close. 115.22; Today's close. 115 87 Change, of 55.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
9.59/59
8.64/64 8.54/57
.02 uff .01 off -.01" off .02 off
..03 off .01 off
unch."
14 up 1 | up
17 off .14 off 18 off
On demand............ 149 1/2 On Sterling Notes:--
Silver
:91 11/18
FROM ROZA, BROS.
Monday, June 3. prices
unchanged were over the week-end, the quotations remaining at 21.11/10 for "Ready and 21.3/16 for Forward. Amer!- can Silver was quoted at 35.1/8 'for Spot.
The London/New York cross- rate was quoted at 402.1/2 New York, London was quoted at 321.
MARKET
STERLING
There were sellers at 1/2.31/32 up to August, buyers at 1/3 for any delivery.
U. S. DOLLARS Opened with sellers at 19.15/16. buyers at 20. Later the market eased off and business was report ed at 19.778 for Cash. The mar- ket' closed at. I p.m. with sellers at 19.13/16 for June and 19.3/4 July. buyers at 19.15/16 Cash and 19.7/8 July.
Bell Aircraft Corp.
Bendix Aviatico
Bethlehem Steel Bilss Co. Boeing Airplane Co. Borg-Warner Bridgeport Brass Corp. Briggs Mfg. Brooklyn-M'hattan Trans. 198 Brooklyn-Manhattan $6.... Budd Mfacturing Corp. Canadiah Pacific R'way Case, JI
Celanese
cam, &.Southern (Ord.) Consolidated Edison Consolidated "Oll Continental Cam
Continental Oil
Copperweld Steel Com Products
SHANGHAI DOLLARS Opened with sellers at 567 the rate gradually rose to 381 for Distillers Corpn. Seagrams Spot.
SHANGHAI MARKET Sterling opened with sellers" at 4.3/04 but later weakened and the closing rate was 3.59/64 for Spot. US. Dollars opened with sellers at 5.13/32 and closed with sellers at
Easier. 5.3/16 for Spot.
AFTERNOON MARKET The market was quiet in the
afternoon.
STERLING
The market closed with sellers at 1/231/32 June/July, probably August buyers at 1/3.
U.S. DOLLARS.
The market closed with sellers at 19.7/8 first half June and 19.13/16 June. buyers at 19.16/18
for Cash.
SHANGHAI DOLLARS
Douglas Aircraft
Da Pont de Nemours. Engle Picher Lead Baton Mig. Co. ... Elec. Autolite...
Elec. Bond & Share ........ Elec. Bond & Share $5 pt. Elec Bond & Share $4 pi. 591 Elec. Power & Light 37 pf. 231 risk Rubber
Gen American Trans. Gen. Electric
Gen. Motors.
Goodrich (EF)
Goodrich 35 pt.
The market closed, with sellersGreat Northern Rly, pfd. at 387.
On demand
108 34
Anacorida Copper
214
New York Central
104
T. E. Pearce, Esq.,
On Manila:---
On demand
39, 1/2
On Bangkok:-
Atchison, T. & S. Fe. Aviation Corp. Bacock & Wilcox Baldwin Lecometive
141
Niagara Hudson Power
31*
C. C. Roberts, Esq.,."
5+
N. American Aviation
174
Hoa. Mr. A. L Shield,
231
North American Co...!
157
137
Northern Paciße
Baltimore & Ohio
3)
Owens-Dilino's Glass Col.
14
Bank Buying Rate Bar Silver per oz.
Market Report
1/4
Barber Asphalt Co.
9**
Pacific Gas & Elec
Branches:
CANTON
Barnsdall Ol
т
Pacific Lighting
Amoy
Jchore Rangoon
CMBU
19
Packard Motors
23
Bangkok Kobe
271
Pan-American Airways
13+
Batavin
Kowloon San
ILOILO
IPOR
SALQOX
BERIMBAX
KARACHI ELANG
SHANGHAI
SINGAPOR
SITIAWAN
SCURAJAYA
LUMPUR
TAIPINO
KUCHING, MADRAS
TIENTSIN
TONG KAB
MANILA
MEDAN
703
Paramount Pictures
41
Bombay
Kuala
142
Calcutta
"
Pennsylvania K.R.
161
Lumpur Shanghai
BAMBURG
157
Canton
London
Phelps-Dodge
287
Singapore
Chefoo
༣5་
Lyons
Sourabaya
Philadelphia Read, Coal
Colomitio
Malacca.
Sungai
Phillips Petroleum
Dairen
Manila
151
Pittsburg Coke & Iron
6
Foochow
Muar
Swatow
Pabile Service of NJ.
34
flaipno
(Johore). Tientsin
100% 34
·Pullman Inc.
187
Rankon
Mukden Tokyo
Pure Of
73
Harbin
New York Tringtao
2}
Woilo
Radio Corpn. of Am.
4
44*
Reading Company, Com
103.
Tpob
231
Remington Arms Co., Inc.
4*
CURRENT
Chesapeake & Ohio Chrysler Corpn.
324
Republic Aviation Corp. ...
4*
381
Republic Steel
15)
Climax-Molybdenum ..Co.
31
Revere Cop. & Brass Inc.
វា
Colts Patent Fire-Arms Columbia Gas & Elec....... Columbla 6%' “A” pí: Commercial Credit Co.
60*
Reynold Tobac, "B"
337
43
Richfield Of
01
70%
Safeway Stores
33
30
Schenley Distillers
81*
15/18
Sears Roebuck
2+3
Shell Union Onl
6
Socony-Vacuum, Ol
351
Southern Paside
78
182
Southern Rly $5 pid.
158
183
Sperry
30
453
Spletr Manufacturing Co.
251*
but
Curtiss-Wright (C) Curtiss Wright "A" Deere & Co. .....
84
Standard Brands
53.
241
Stand Oas & Mec.
11
153
Standard Oll of California 18
133
Standard Ol of NJ.
76+
Stone & Webster
156
Studebaker Com.
B
84
Swift International
171
201
Technicolor
91*
28
Texas Corpn.
35
41
Texes Gulf Sulphur
293
50*
Timken-Axle
201
Trans-America Co.
41.
BANK OF EAST ASIA, LIMITED
30th Cent. Fox. .....
51
de .10*
20th Cent. Fox, $1 pt.
·144-
Fiintkote
111
Union Bag & Paper Corp.
101
Authorised Capital.....$10,000,000.00 Paid-Up Capital ..........
5,899,600.00
373
Reserve and Undivided
Union Carbide & Carbon
63+
Profits
2,983,201.50
291
Union Pacific'
75
404
United Aircraft
42)
Gen. Railway Signal Gen. Tire & Rubber Gidden Co.
111
United Airlines Trans
134
'Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
111*
United Corpn.
11
12.
113
United Corp. $3 cum pf. 293*
Roard of Directors:
1
United Gas Corpn.
THE
451*
Goodyear Tire & Co.
141
United Gas Improvement
103
Li Koon Chun, Esq.
Li Lan Sang, 'Eng.
U.S., Industrual Alcohol.....
151
P. K. Kwok, Esq.
Great Northern Iron Ore
134
U.S. Rubber
17]
18
US. Rubber s8 pfd.
751
Great Western Sugar
214
UB, Steel
481
SHANGHAI MARKET
Greyhound Corpn.
107
Vanadinim
301
18/0 $16
The market closed with Sterling sellers at 3.55/64.
Hercules Powder Co.
801
Vultec Aircraft
80*
Homestake Mining........
405
Walworth Co
31
2
International Harvester
387
Amoy
Warner Bros, Pict.
21
Int Nickel
201
15
Westinghouse Elec.
88
Babay
Calzatio
124
15
Woodward Iron Cor.
201
21
28
Chase National Bank
274*
Halphong Bakom Houalalu
Parie
Bemarang
494
National City Bank
New York, Oficial
NY-London Cross Rate 3.23-3/4.
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
"London, May 31.
(bearer)
The following quotations are the Chosen Corporation middle prices at the close of the Pekin Syndicate...... market in London. All quotations Shal Elec. Constr. Co S'hal Waterworks "A" Union Inspirance:
are subject to confirmation and no
responsibility. In assumed for errors Gula Kalumpang Rubber 16/3
Distillers
Shanghai Exchange
Shanghal, June 3 (Reuter):
EXCHANGE SERVICE
Will clients please note that our Shanghai Exchanges Service is an entirely separate service from our ordinary Finance and Bullion (F.B.). Service, which is composed almost exclusively of rates from exchange markets abroad.
It has hitherto been our custom to include the opening and closing Shanghai. Rates in tour Finance, and Bullion Service and we shall continue this practice for "the beneft of the subscribers to this Service.
4
The changes in the Shanghai Rates, however, come under an en- tirely separate heading and willi henceforth be denoted by the ap- pellatin "SH-EX”.
·Official TT. Rates
in transmission.
Allied Ironfounders
2
£
12 Asso. & Elec. Industries 35/9
War Loan, 34%
(Red
Austin Motors, ord.
11/10),
after 1952) Canton-Kloon Rly. 5% Chinese 41% Gold Loan
99
Cable & Wireless, New
8
Form, ord.
45
B.-A. Tob. (bearer)
870
1808 (Brit. Issue) .................... Chinese 5% Gold Bonds:
43
Mercantile Bank
121
Cammell Laird, ord.
5
.
1925-47
43
Mexican Engle
3-
Chin. 41% Anglo-French-
Courtaulds
28/3
Loan, 1908
44
Chinese 5 Crisp Loan.
Dunlop Rubber
1912
17
Gen. Electric (England)
55/6 29/10 7413
Chinese 5% Reorg. Loan,
1913 (Ldr, Is:)
24.
Guinness (A) Son & Co. 82/6 Hawker Siddeley Aire.
Chinese 8 Ster. Notes.
1925 (Vickers)
Chin. Imperial Rly, 5%
Bristol Aeroplane .......... 10 Imperial Chemical Ind. 25/9 Imperial Tobacco
88/9
Loan"".
56
Marks & Sp'cer "A" ord. 35/6.
Honan Rly, 5%
12
Rolls Royce
754101
Hukuang Rly. 5%, 1011...
14
Leyland Motors
58/3
London
Hukuang Rly. -6%, 1911
Tate Lyle
50.
New York
German Issue)
11
Turner Newall
53/9,
Japan
Lung Tang X Ư. Hải
United Steel
19/3
India
Rly. 5% 1913
11
Smethwick Drop Forg..............
12/6
Paris.
8'hai-N'King Rly. 6%
15
Armstrong Stevens, ord.
8.
Hongkong
Tientsin-Pukow Riy. 5%**
Pressed Steel, com.
12/6
Sterling
(Brit, Stpd.)
Vickers, ord. ....
12/9
Tientsin-Pukow Rly, 5%
Woolworths
51
Anglo-Dutch
18/3.
Spot
Rub, Plant. Invest. Trust 25
June
Burma Corporation ...... 7/3 Commonwealth
July"
Mining
Maraman" Investments
10
Spot
$5-3/16
Randfontein Estates
35
June
5-3/32 .. 5
Western Holdings
8/6
July ......
Sub-Nigel
175
B-
Tanami Gold Mining
414
H.K. & S'hai Bank (Lan
Reg.J
Anglo-Iranian
4379
80
Burmah
57/8
HK, & Shal Bant (Col.
Reg)
Shell Trans
Trad.
rate on London at 10 am, today, was 1/2-1/24.
50/45
The Equalisation rate was 14
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supi. Loan) 9 Tientsin-Pukow Rly. 5% "
(Ger.Stpd, Bupl, Loan) 9 Jap, 5% Ster. Loan, 1907 371 Jap. 6% Ster. Loan, 1924 42 Ger. 7% Intl. Loan, 1924 51 Chartered Bank
Chinese Eng. Mining
(bearer)
--Nominal
29
Inter, Paper & Power int, Tel. Tel. Johns-Manvulle
J. & Laughlin Steel 37 pfd. 50*
1939/40
•-bild.
1. div. DOW JONES "AVERAGE
"
High Low Dow Jones Averages, 155.99 113.94 30 Industrials
35.90 29.15.20 Raila 27.70 18.95 20 Utilities 22 8306 40 Bonds 65.67
June 2, 1940.
116.22
23.15
18:00
83.40
45.59 11 Commodity Index $9.17
May 31, High Low Close Change 116:49 116.30 11387 55 öff .10 of 23.14 2208 23.06 18.90 18.78 18.87 03 off 83 49:02 ap 152,34 17 up Business Done: 270,000 shares
SAVINGS ACCOUNTá slso opened in Local Currency and Sterling with Accounts opened in interest allowed at raten obtainable LOCAL CURRENCY and FIXED DEPOSITS on application. received for one year or shorter periods in Local and other Cur- rencies
The Bank's Head Office in London
terms which will be undertakes Executor and Trustee business, and claims recovery of quoted on application.
Also up to date SAFE DEPOSIT British Income Tax overpaid, on terms which may be ascertained at Boxes in various sizes To Lre. Hong Kong. 28th February, 1940. any of the Agencies and Branches.
B. A. CAMIDGE,
Manager,
HONGKONG, SAVINGS
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. Bong Kong. 25th Feb., 1930.
SIL SHOUSON CHow, Chairman
Wong Cha Son, Esq.
Wong Tan Tong, Req. Kan Ting Fo
g.
Chan Ching Shok, Esq. Fang Flag Wab Eng KAN TONO PO, Esq., Chief Manager LI TEE Foxo, Esq., Manager
Batavia
Branches and Agencies-
Kotloos
Loudon
Penanr Singapore Bangom Boarabaya
Raigan Swatow Helmen BoFran- Sydacy
cisco Floatels Nagraka
Manila
New York Basithe
Petping
Shangas!
ouver
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-Car- terma which will be renaier on quoted on application."
SAFE CEPOSIT Boxxa To LET.
'KAN TONG PO,
Chief 'Manager,
INDO-CHINA
STEAM NAVIGATION COMPANY 170.
Operating Services for Cargo and Passengers
Opening
0/3-7/8
5-1/8
21-7/8
TO-
21-1/2
2.84
26-3/4
Bellers
Opening Closing 0/3-59/64 0/3-55/04 ́0/3-27/32 ́0/3-25/32
0/3-11/16 0/3-5/8 U.S. Dollars
$5-1/8
4-27/32 4-3/4
Market:-Easy,
Silver Duty Rate
The Central Bank of China's
per cent.
SWATOW, SHANGHAI, TSINGTAU, CHEYOO
and 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 landled.
For further -particulars
please apply to--
ARDINE MATHESON& Co.,LTD. TELEPHONE ZOZILO
ERAL MANAGERS
THE CHASE BANK
́18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE,
19, PINE STREET,
NEW YORK. An American Bank offering con- "
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 CHABE NATIONAL BANK, New York, with Resources of arm *L:8:82,900,000,000,
D. M. BIGGAR,
Second Fice Pra,"
BANK OF CHINA
Specially Chartered by NATIONAL GOVERNMENT
OF CHINA AS AN 1 INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000.00 {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 apoial facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI » Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices;
CANTON
SWATOW SHLUCHOW
KONGMOON TOISHAN KINGCHOW
We ako handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
"SHOU J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK (Incorporated in Shine) General Banking Facilities and Financial Agents to
The Prosiacial Government of
of Kwrogtang
- Head Uncs-Baitkwan, kwanziang Province !! Hongkong Branch-Queen's Bülg:15 Chater: Ed. Cable Addresses-"PROVINCIAL" 2008, 2445'
"Telephones:
w
∙20112, 20113, 20143, 20181, 31881. BRANCHES THROUGHOUT SOUTH' CHINA Gażrvepopdiente' in New York and London. Paid Up Capital ... N$10,000,000. Reserve Capital ... N#10,500,000. :
AUYANG MANLY,
Hongkong Maangar.
A Job 2
WANT