STOCKS
Last Bale
June 5
Adams Express
+1
Last Sale Jane 5
264
Alleghany Steel Co.
18
21..
355
Allied Stores
5
Libbey-Owens-Ford
Glass
33
Allis Chalmera
24
Lockheed Aircraft
271
52 3/4
Aluminium Ltd.
50
Loew's Inc.
214
Amer. Can
891
Loft Incorperated
171
New York, June 8, 1940.
On demand
82 1/2
American Cyanamid .B...
301
Mack Truck Inc.
19
On India:
Amer. & Foreign Power
11
Martin. Glen L
"SINGAPORE, RUBBER
317
Telegraphic Transfer.
and demand
192 1/2
Amer & Foreign $7 pf.
12
McKesson & Rabbins, pfd. 18
American Gas & Elec.
26
Monsante Chemical
871
SPOT
Amer, Locomotive
111
Montgomery Ward
331
JULY-SEPT.
Hank Billa, on demand 19 6/9
Credits, 30 days' sight:90 5/8
Amer. Metals Co.
131
National Aviation
OCT.-DEC.
91
Amer. Radiator
51
"Nat. Dairy Products
121
The market was idle.
On demand
..... 36 DIS
Amer. Rolling Mill,
101
Nat Distillers
LONDON RUBBER
Amer. B'ting and Ring Co.
34
National Gypsum
51
On Paris:---
Bank Bills, on demand 1000 Credits 4 months' sight 1150
Amer, Sugar Refining .....
137
SPOT
Amer. Tel. & Tel.
"149"
Nat, Power & Light
&
JULY
Amer. Tobacco "B"
73
National Steel Corp.
523
AUGUST "
-108 3/4
Amer, Waterworks
81
National Supply Corp.
51
OCT.-DEC.
Anaconda Copper
201
New York Central
JAN.-MARCH
39 1/4
Atchison, T. & S. Fe.
131
Niagara Hudson Power
34
Aviation Corp...
51
N. American Aviation
171
149 1/8
Bacock & Wilcox
211
North American Co.
157
Baldwin Lecometive
134
Northern Parific
51
On Sterling Note:-
Bank Buying Rate
1/4-
Baltimore & Ohio
31
Owens-linols Glass Co......
44
Barber Asphalt Co.
9
Pacific Gas & Elec
26
Bar Sliver per oz.
72 3/4
Barrisdall 011
B
Pacific Lighting
37
small
Wis bustness
New York-
Market Report
FROM ROZA, BROS. Silver prices dropped 1/4 yes- terday
the deliveries. 10 both quotations being 22.3/4 for Ready and advices
21.3/4 for Forward, Silver Bridgeport Brass Corp:
reported Speculators as having sold to a small extent. A Brooklyn-M'hattan Trans. Brooklyn-Manhattan $3.... done. The market was quiet. American St-Budd M'facturing Corp.. ver was quoted at 34.3/4 for Spot. Canadian Pacific R'way...
The London-New York cross-rate www quoted at 402.1/2. Londoni was, quoted at 319.1/8.
Bell Aircraft Corp.
151
Packard Motors
of
Bendix Aviation ...
251
Pan-American Airways
121
Bethlehem Steel
58
Paramount Pictures
41
Bliss & Co.
143
Pennsylvania R-R
164
NEW YORK STOCKS:
Boeing Airplane Co. Borg-Warner
14.
Phelps-Dodge
264
113.25: Change, off 2.54.
144
Philadelphia Read, Coal
+
81
Phillips Petroleum
281
Briggs Mfg.
142
Pittsburg Coke & Iron
52
181
Public Service of NJ.
313
00
Pullman Inc.
171
3+
Pure Oil
T
21
Radio Corpa,"of Am.
#
Case, JI
411
Reading Company,
Com
101
Celanese
23
Remington Arms Co., Inc.
4*
Chesapeake & Ohio Chrysler Corpn.
321
Republic Aviation Corp.
41
55%
Republic Steel
147
New York Cotton, July, New York Rubber, July Chicago Wheat, Sept.
MARKET
Quiet.
Climax-Molybdenum Co. Colts Patent Fire-Arms
271
Revere Cop. & Brass Inc.
81
Chicago Corn, Sept.
70
Reynold Tobac. "B"
327
STERLING
The market closed with sellers
Columbia Gas & Elec... Columbia "6% "A" pf...
Richfeld O
.61
New York Hides. June NEW YORK COTTON
701
Safeway Stores
38:
July
SHANGHAI MARKET
at 1/2.31/32 June/August, pro-commercial Credit Co..... bably September, buyers at 1/3 com, & Southern (Ord.)' for any delivery.
U S. DOLLARS'
Business was done at 19.15/16 Continental Can for July and 20 for Cash. There Continental Oll were sellers at 19.15/16 June. and Copperweld Steel 19.7/8 July, buyers a 120 for Cash and 19.15/18 July.
SHANGHAI DOLLARS. Erratic. Opened with sellers at 368 but subsequently rose to 375, Later the rate dropped to 372 with business done at 374 375 and 378. At 1 pm there were sellers at. 273.
Corn Products
Du Pont de Nemours Eagle Ploher Lead Eaton Mig Co. Elec, Autolite
284
Schenley Distillers
28
15/16
Sears Roebuck
..631
Consolidated Edison
Consolidated Oll..
248
Shell Union Ou
8
October December (
(
} }
Socony-Vacanum O
70
January
X
353
Southern Pacific
71
March
171
Southern Rly 35 pfd.
148
May
(...) (..
17
Sperry
38
Spot
441
Spleer Manufacturing Co.. 24
Curtiss Wright (C.) Curtiss Wright "A" 'Deere & Co.
72
Standard Brands
53
NEW YORK RUBBER
231
Stand' Gas & Elec.
I -
"July
.141
Standard OH of California
18
September
Distillers Corpn. Seagrams Douglas Alteraft
134
Standard O at NJ.
331
December
T31
Stone & Webster
51
January
1514
Studebaker Com
6
Total sales:-1,090 tons.
71
Swift International
17
CHICAGO WHEAT
201
Technicolor
91
July
271
Texas Corpn.
34
September
Sterling opened with sellers at Elec. Bond & Share 3.15/16 and then rose to 1/32. Elec. Bond & Share $5 pf. The market then reacted to 3.61 84.es Bond & Share $6 pt. closing at noon with sellers at 40. Elec. Power & Light $7 pf. for near, US Dollars closed at 1 Fisk Rubber pm, with sellers at 5.5/16.for Spot. Fintkote
AFTERNOON MARKET
4
Texes Gulf Sulphur
271
December
480
Timken-Axle
22
'561
Trans-America Co.
41
CHICAGO CORN
21.
20th Cent, Fox.
51
July
10*
20th Cent, Fox, $11 pf.
141
September
101
Union Bag & Paper Corp.
10
December
Gen, American Trans.
40
Union Carbide & Carbon
62
-WINNIPEG WHEAT
Sterling closed at 4d, sellers for Int Nickel
The market was quiet In the Gen. Electric afternoon.
STERLING
The market closed with sellers at 1/2.31/32 June/August, proba- bly September, buyers at 1/3 for any delivery,
US, DOLLARS.
The market closed with sellers at 197/8 for June/July, buyers at 20 for Cash and 19.15/18 July,
SHANGHAI DOLLARS
Bellers at 373. -
SHANGHAI MARKET
Spot and US. $. at 5.5/18.
Shanghai Exchange
Shanghai, June 8 (Reuter).
Official T.T. Eates
Goodrich (BF)
Goodrich $5 pl. Goodyear Tire & Co.
29
Union Pacific
76
July
Gen...Motors
391
United Aircraft
413
October
Gen, Railway 'Signal Gen. Tire & Rubber Glidden Co.
10
United Airlines Trans
133
NEW YORK HIDES
11
United Corpn.
11
June
111
United Corp. $3 cum pf.
29*
September
"101
United Gas Corpn.
1:
December
457*
United Gas Improvement 101
New York-Official-
137
U.S., Industrial Alcohol...
13
NY-London Cross Rate 3.19-3/4
Great Northern Iron Ore Great Northern Rly," pfd, Great Western. Sugár
13
U.S. Rubber
161
172
US. Rubber $8 pfd.
74
201
1.8. Steel
441
Greyhound Corpn.
101
Vanadium
28
Hercules Powder Co
BOL
Vultee Aircraft
́ ́-LONDON“. STOCK
EXCHANGE
Homestake Mining
40
Walworth Co.
31
International Harvester
381
Warner Bros. Pict.
107
Westinghouse Elec.
821
Inter. Paper & Power
111
Woodward Iron Cor.
211
Int. Tel. & Tel
21
Johns-Manville
454
Chase National Bank National City Bank
J. & Loughlin Steel $7 pfd. 49*
----bid
1-$17.
London
New York
Japan
India
Päris Hongkong
Sterling
*Opening
..... 0/3-3/4
.... 4-15/16
DOW JONES AVERAGE
June 8.-1940
High Low Dow Jones Averages, June. 4, High Low Close Change
1939/40
20~7/8
155.9%. 11394 30 Industrials
20-3/4
35.90 22 15 20 Rails
2,75- 25
27.70 19.25 20 Utilities
]
32 22 83 06 40 Bonda
Sellera
Opening Closing 0/3-15/16 0/4
Spot June
0/3-59/64 0/4
July
0/3-51/64 0/3-7/8
U.S. Dollars
Spot
$5-1/4 $5-5/36
Jane
5-7/32 5
5-9/32 5-1/18
July ...... Market:-Quiet...
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 20+
Dei cent
India Rupee Paper
Bombay, June 5 (Reuter). Govt. 31% Rupee, 89-10-0.
Calcutta Exchange
:
Calcutta, June 5 Reuter).
TT on Japan, 99-5/8.
$1 off
115.79 115.12 11230 113.96 2.54 of
$3.36 "18 €8 83.77
66.67 45.58 11 Commodity Index 52.03
SILVER MARKET
LONDON SILVER London, June-5 (Reuter Silver: Little speculative selling- Support poor. Business very small. Market quiet. In the afternoon, after very small business at the rate, the market closed quietly stendy.
Spot, 22-3/4d.
Forward, 21-3/46. ·
«BOMBAY SILVER
Bombay, June 5 (Reuter). Market Steady. Offtake 100 bars.
Indian Mint Silver
Ready
62-12 July 2 settlement. 62-12 July 30 Bettlement
62-15
23.94 22.79 2294 1845 17.90 18.10 46 of
83.64
.13 off 51.46 57 of
Business Done --870,000 shares
RESERVE BANK OF INDIA STATEMENT
Calcutta, June 5 (Reuter).
May 24 May 20 Notes in circulation (including Notes held in the Bank- Ing Department)... 25,500 25.702 Rupee Coin and Bul-
lion in India Gold Coin and Bul-
lion in India ...... 4.154 4,154 Securities (Indian
Government) Securities (British
Government)
4,956
4,656
4,052 4,254
12,050 12,350
LONDON GOLD
London, June 5 (Reuter). Bar Gold, Fine per oa., 168.
NEW YORK COTTON: The Trade bought at the opening. Sup- There was light plies of cotton are required under market price. Southern selling but price fixing for nears was quite active;
NEW YORK RUBBER: The market declined in sympathy with stocks,
CHICAGO WHEAT: Further liquidation was induced by renew- ed rumours of possible cancellation of peg prices of wheat and by large crop movements in the South-West and hedging.
Previous close, 115.79; Today's close,
LONDON, June 8 (Renter)-On
Close High Low
Close Change Prev, Today's 9.30
9.30 9.23 9.30
unch. 31.05 20.68 21.16. 20.85 .31 of 81 781 811 797. 12 of 61
591 5141 611 off 9.33 9.25 9.57N 9.38N 19 off
07 off
.19., off
LONDON METALS
EXCHANGE
London, June 5 (Reuter): Tin Standard, Cash Middle
Tin, Standard, 3 months Middle Price, £273-5/8
the Stock Exchange. industrials improved early on Sir Kingsley Price: £275-5/8. Wood's announcement. yesterday that the Dividend Limitation Bill will be dropped. Gains were not fully held owing to the lack of support from late trading. Gut-groups edged securities were unchanged lower. to fractionally easter and other
were generally
Wall Street was easy.
slightly
Dairen
Patani Foochow
Swatow ."Haiphong (Johore) Tientsin Bankow Mukden Tokyo
New York Tsingtao Peiping Yokohama Penang
Iloilo Ipoh
CURRENT ACCOUNTS opened in LOCAL CORRENO and FIXED DEPUIT received for one year or shorter, periods, in Local and other Our- rencies on terms which will be quoted on application.
Also up to date SA DEPOSIT Boxes in various sizes To Exr. Hong Kong. 28th February, 1940,
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COB- PORATION. Rules may be obtain- ed on application.
For the HoxGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1830.
Authorized Capital... $10,000,000.00 Paid-up Capital ........ 6,598,600.00 Reserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SIE SHOUSON CHow, Chairman
Li Koon Chua, Esq.
P. K. Kwok, Esq.
Wong Yan Torg, Esq.
Wong Che Sen, Esq. Kan Ying Fo, kaj.
Chan Ching Shok, Kaq. Fang Ping Wab Eng KAN TONG PO, Esq., Chief Manager LI TSH FONO, Esq., Manager
Labe
Branches and Agencies: -
Blagspore Bourabaya
PAT Bantoen
BWLWW Methearna Bad Fra Sydney Kaganca
cisco Tontila New York Baattis yourar Parly
Paiping
Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Loca Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur ⚫rencies on terms which will be
quoted on application.
BAYS LEPOSIT BOXEB TO LET.
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
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. TELEPHONE ZOZII• GENERAL MANAGERS -
(Peking)
FOREIGN EXCHands and General Banking Business transacted.
CURRENT ACCOUNT opened "and FIXED DEPOSITs received for One Year or aborter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNts also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery" of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
18, QUEEN'S ROAD,"CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK An American Bank offering coro- plete Foreign. Banking Service in the principal Markets of the world. Interest Rates on Application.
P
SAFE DEPOSIT BOXES
This Back is entirely owned by
THI CHASE NATIONAL BAYI NEW YORK, with Besources of ares U.S.$9,900,000,000.
BANK
D. M. BIGGAR,
Second Vice Prin
CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVгE 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 Officer:
CANTON SWATOW SHLUCHOW
KONGMOON TOISHAN KINGCHOW · We also handle the issue of Bonds
and other Public Funds of the Chinese Government both at. Home and Abroad.
SHOU J. CHEN,
Mandger
THE KWANGTUNG PROVINCIAL
-
BANK
(Incorporated in Think)
General Banking Facilities and Financial"'Agusta tu The Provincial Government of Kwangtung Bead Que-blakwan, Kwangtang Provins Hongkong Branch-Canon's Bldg, 5 Chator Ed." Cable AddressesPROVINCIAL" 2019, 9443,, Telephones: 20112, 20113, 20143, 20181, 31681; BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London Paid Up Capital....... N$10,000,000.
N$10,500,000.. Reservs Capital ......
AUYANG M.NLY,
Hongkong Manager,
A Job?
WANT ADS
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE 6, 1940,
On London:
Telegraphic Transfer. 1978 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1:3 3/1 On Shanghai:-
On demand
Or Singapore:- On demand
On Japan:-
8 8 8 8 8 8 8
On New York:-
'On Batavia:-
On Salgon:--
On demand
On Manila:--
On demand
On Bangkok:-
On demand
NEW YORK STOCK EXCHANGE ·
QUOTATION
(REUTER'S SERVICE
JUNE 6, 1940,
STOCKS
Kennecott Copper Lakey Foundry & Mac,
National Lead
171
15
+4
PAYNE & & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Previous
FRIDAY, JUNE 7, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 90,000,000 Incorporated by Royal Charter, 185$
Reserve Funds: Sterling
£6,500,000 Paid-Up_Capital Reserve Fund .... H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
.!
Reserve Liability of
Proprietors
$20,000,000
Head Office:-HONG KONG
Board of Directors:
H. V. Wilkinson, Esq.,
', ': Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfield, Esq., "A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
G. Miskin, Esq.,
. S. Morrison, Esq.,
T. E. Pearce, Esq.,
C. C. Roberts, Esq.,
Hon. Mr. A. L. Shields,
Sir Vandeleur M. Grayburn,
Chief Manager.
prietors
.............£3,000,000-
$3,000,000
£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2"
Sub-Agenoles In London:" 117/122, Leadenhall Street, Eda West End Branch: 14/16, Cockspur Street, S.W.1 Manchester Branch?
52, Mosley Street, Manchester, 2
AGENCIES AND BEANCHES:
MATAVIA
HANGGON
ALOE STAË AMRITSAR
HARBIN EONG TONG
PENANG
BANGKOK
ILOIL IPOH
SAIGON
JEREMBAN
KARAOR1 KLANG
SHANGHAI
SINGAPOR
SITIAWAN
BOMBAY
CALOUTTA
XUALA
AGENCIKA:... xon ÜLATE ŠTEJES FAILI PLAF CANTON
GAWNFORM
LUMPUR
KUCHINO
MADRAN
MANILA
HOURABAYA
TAIPING TIENTSIN
TONGKAR
(Bhuket)
小
June 5
Closing Opening Closing Change
Buyers Buyers
37-7/8
37-7/8 37-3/4
of 1/8
36-5/8
35-3/8
36-5/8 36-5/8 35-3/8 35-3/8
anch.
unch.
Previous close Today's close
buyers
buyers
Change
12-3/16
12-1/4
up 1/16
12-1/8
12-1/8-
unch.
12
12-1/18
up 1/18
11-1/2
11-9/16
up 1/18
11-1/4
11-5/16
up 1/18
After ruling firm on demand for nears months, the quietened down in sympathy with lower New York advices,
market
Amoy
Branches:
Johore
Bangkok Kobe
Rangoon Baigon
Batavia Bombay
Kowloop San
CIST COLOMBO BALEI
MEDAN
TRINOTAU
Kuala
Calcutta
Canton
Obefoo
Colombo Malacca Sungei
Lumpur Shanghai HAMBURG Londou Singapore HANKOW Lyons
Francisco HAIPHONG
NEW YORK
TOKOHAMA
PEIPING
Sourabaya
Manila
Muar
Harbin
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE).
Close
9.30/30
Opening
9.29/29
Closing
Change
9.30/30
unch
July 'New contract)... 9.52 N
9.48b
9.52 N
unch.
8.58/56
.8.54/54
8.50/50
.06 0
8.47/47...
8.45/45
8.40/40
),..... 8:40 N
8:36/36".
8.93 N
,07 of
8.30/30
8.27/27
8.22/22
.08 off
)...... 8.15/15
8.14/14
8.06/07
.09 of
10.13
10.18 N
.05 up
Total sales (Tuesday:-9,200 bales.
21.16/16
21.05/03
20.85/85
.31. off
19.42/43
19.40/32
19.15/15
.27 off
18.94/94
18.86/35
18.58/58
,36 of
18.80 N
unquoted
18.44 N.
.36 off
BANK OF EAST ASIA,
LIMITED.
1
.
811/811
807/801
791/791
11 off
81/814
811/81
792/80
17 oft
821/821 824/82
807/81
11⁄2" off
Profits
2,983,281.50
Tuesday's sales:-11.245,000 bushels."
621/621 **62/621.
621/621
קט $
814/61)
81/61
818/01
of
594/591
591/591
601/801
up
1
751/751
743/741
741/741
off
Li Lan Sang, Faq.
771/771
7672
#off
9,57, N
9.73/75
unquoted 9.60/60
9.38 N
9.50b,'52a
10.005
9.81b/88a
9.73/73
..23 of 1.27. off
34-3/4
34-3/4
3.19-1/8
Ámoy. Bataris
Loudon
Borbik
Calostia
Emphoog Hakow
Samainng