PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICK)
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, June 10.
The following quotations are the middle prices at the close of the market in Landon. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Previous June 10
Closing Opening Closing Change
After ruling steady, the market became firm on covering, trade buying and reserved sellers.
NEW YORK STOCKS: 111,84: Change, off 3.52.
WEDNESDAY, JUNE 12, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA AND CHINA
7
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1858
Paid-Up Capital £8,500,000 Reserve Fund
BANKING CORPORATION
Authorised Capital..... 850,000,000
Reserve Funda: "
.£3,000,000.
Sterling
...£3,000,000
Proprietors..... *.*....$20,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve. Liability of
prietors
..£3,000,000
HEAD OFFICE: LONDON:
Head Office:--HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman Hon. Mr. JJ. Paterson,
Deputy Chairman.
J. K. Bousfeld, Esq., A. E. Compton, Esq., Hon. Mr. S. H. Dodwell,
G. Miskin, Esq.,
K. S. Morrison, Esq.,
T. E. Pearce, Esq.,
C. O. Roberta, Esq.,
Hon. Mr. A. L. Shields,
Sir Vandeleur M. Grayburn,
Chief Manager.
Rangoon Saigon
·Calcutta Lumpur Shanghai
Canton
Chefoo Colombo
..
Singapore Lyons Sourabaya Malacca Sungei Daireh Manila. Patani Foochow Muar
Swatow... Haiphong (Jobore) Tientsin
Tokyo Mukden New York Tsingtao Peiping Yokohama Peuang
Bankow Harbin
floilo Ipoh
CURRENT ACCOUNTS opened in LOCAL CORBENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.
Also up to date SAFE DEPORI Boxes in various sizes To Li Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
BANK
38, Bishopsgate E.C.3. Sub-Arenoles In London: 117/192, Leadenhall Street, E.C
West End Branch: 14/18, Cockspur Street, S.WL Manchester Branch: 52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HABBIN HONG KONG MANGOON
ALOR: STAR
AMRITSAR
| BANGKOK
BATAVIA
BOMBAY
ILOJIA
10K
TARACHI
CALOUTTA KLAND
ACENGINE:
CLYA START Faislik PlaCH CANTON DAWNPORN C230 COLOKBO
HANKOW
TORE KUALA
LUMPUR KUCHING MADSAN MANILA
MERAN
NSW YORK PSIPING
(Peking)
PENANG
BALDON
BERKMBAN
: SHANGHAI
SINGAPOR SITIAWAN
SCURABAYA TAIPING TIENTSIN TONGEAN AY
(Bhuket)
TINCTIO
TOKOHAMA,
FOREIGN EXCHANGE and General Banking Business transacted.
COLMENT Accounts opened and FIXED DEPOSIT 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 Carrency and Starling with interest allowed at rates obtainable co 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,
Hanager.
THE CHASE BANK
JUNE 11. 1940
STOCKS
Last Sale
STOCKS
Last Sale
June 10
June 10
Adams ExpTESS,
Kennecott Copper
251
Alleghany Steel.Co.
1B
Lakey Foundry & Mac. ....
31
Ailled Stores
47
Libbey-Owens-Ford
Glass
30
Allis Chalmers
231
Lockheed Aircraft
20
Aluminium Ltd,
53
Loews Inc.
221
£
Amer. Can......
87
Loft Incorperated
167
American Cyanamid B.
30
Mack Truck Inc.
19
Amer. & Foreign Power
-1
Martin, Glen L.
30
War Loan, 34% (Red
after 1952) Canton-Kloon Rly. $%
99 8
NEW YORK, June 10, 1940,
Amer "& Foreign $7 pf.
124
McKesson & Robbins, pid.... 172*
Chinese 41% Gold Loan
American Gas & Elec.
953
Monsanto Chemical
371
Amer. Locomotive
115
Montgomery Ward
331
Amer. Metals Cu.
14
National Aviation
91
1898 (Brit. Issued...... Chinese 5% Gold Bonds,
1925-47
+3
SINGAPORE RUBBER
Buyers Buyers
43
SPOT
Amer. Radiator
5)
Nat. Dairy Products
121
Chin. 44% Anglo-French
JULY-SEPT.
37-3/4 37-7/8 36-7/8 38-7/8 37.cts.
37-7/8
up 1/8
Amer Rolling Mill
101
Nat, Distillers
17
Loan, 1908
44
OCT.-DEC.
35-3/8 35-3/8
35-1/2
Amer. 'ding and Ring Co.
343
National Gypsum
51
Chinese 5% Crisp Loan.
Amer, Sugar Refining
121-
National Lead
151
1912
17
The market was steady but quiet, LONDON RUBBER
Previous close Today's close
Arner. Tel & Tel.
140
Nat. Power & Light
51
Chinese 5% Reary, Loan.
buyers
buyers
Change
Amer. Tobacco "B"
721
National Steel Corp.
54
1913 (Ldn. Is.)
24
SPOT
12-3/8
12-5/8
Amer. Waterworks
kh
National Supply Corp.
51
Chinese 8% Ster. "Notes,
.. up 1/4
JULY·
12-6/13
12-5/8
up 5/16
Anaconda Copper
191
New York Central
.91
1925 (Vickers)
8
AUGUST
12-1/4
12-1/2
up 1/4
Atchison, T. & S. Fa
13
Niagara Hudson Power
31
Chin. Imperial Rly. 5%
Branches:
OCT-DEC.
11-11/16
11-7/8
Aviation Corp.
51
N. American Aviation
.161
Loan
56
up 3/18
JAN-MARCH ..........
11-3/8
11-1/2.
Bacock & Wilcox
North American Co.
151
Honan Rly 5%.
12
up..1/8
Amoy
Johore
Bangkok Kobe
Baldwin Lecometive
133
Northern Pacific
5
Hukuang Rly. 5%, 1911...
Batavia
Kowloon San
DELSI
Baltimore & Ohio
3
Owens-linois Glass Co.....
42)
(L.P. N/Y Issue)
14
Bombay
Kuala
Francisco HAIPHONO
Barber Asphalt Co.
94"
Pacific Gas & Elec
251
Bukuang Rly. 5%, 1911
Barnsdall Ou
71
Pacific Lighting
36
(German Issue)
Bell Aircraft Corp.
16
Packard Motors
31
Lung Tsing U. Hal
NEW YORK COTTON: Despite news that Italy has involved into war. the maket "hold steady on scarcity of contracts and liberal Trade fixations.
HAMBURG
Landon
Bendix Aviation
25%
Pan-American Airways
121
Rly. 5% 1913
Bethlehem Steel
67
Paramount Pictures ..
43
S'hai-N'King Rly. 5
15
NEW YORK RUBBER: Short covering was the chief support. Demand for physicals has been slow.
J
Bliss Co.
134
Pennsylvania R.R."
183
Tientsin-Pukow Rly. 5%
Boeing Airplane Co.
138
Phelps-Dodge
26+
Borg-Warner
14!
Philadelphia Read, Coal
+
Bridgeport Brass Corp.
83
Phillips Petroleum
281
Briggs Mfg.
151
Pittsburg Coke & Iron
Brooklyn-M'hattan
Trans.
18
Public Service of N.J."
327
Brooklyn-Manhattan $6....
90-
Pullman Inc.
131
"Budd Mfacturing Corp.
32
Pare Oil
71
(Brit. Stpd.) „ngedien Tientsin-Pukow Rly. 5% (German Stpd.)...... Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan) .9 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan)
CHICAGO WHEAT: T is estimated that only about 15,000,000 bushels of Loan wheat remain in elevators. Good mill buying and Improved four sales were the principal features of today.
Previous close, 115.38;. Today's close,
9
Canadian Pacific R'way
21
Radio Corpa, of Am.
.41.
Jap. 5 Ster, Loan, 1907 341
Cane, JI
41
Reading Company,
Com
101
Jap. 6% Ster. Loan. 1924 39).
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
Celanese
23A
Remington Arms Co., Inc.
42
Ger. 7% Intl. Loan. 1924
5
Chesapeake & Ohio
311
Repubilc Aviation Corp.
42
Chartered Bank
81
Chrysler Corpn. ....
541
Republic Steel
148
HK. & Shal, Bank (Ldn.
Climax-Molybdenum Co.
27
Revere Cop. & Brass Inc.
8
Reg.
#77
Colts Patent Fira-Arms
73
Reynold Tobac, "B"
32
H.K. & Shai Bank (Col.
Columbia Gas & Elec.
41
Richfield OL
61
Reg)
80
Columbia 6% "A" pi.
70*
5
Safeway Stores
36
Chinese Eng. & Mining
New York Cotton, July New York Rubber, July Chicago Wheat. Sept. Chicago Corn, Sept
831 701
Prev. Today's Eigh
Close Low
Close Change 9.66 9.48.. 9.55 9.54 01 of 22.00 21.38 21.23b 21.90b 67 up
1 80 BI
621
201
611
61
up .1" up
Commercial Credit Co.
271
Schenley Distillers
7
(bearer)
17/6
Com. & Southern (Ord.)
Sears Roebuck
024
Chosen Corporation
8/6
New York Hides. June NEW YORK COTTON
-
9.58N 9.53N
05 off
Close
Opening
Closing
Change
Consolidated Edison
231
Shelf Union 01
72
Petin Syndicate
2
July
9.55/55
2.59/59
9.54/54
.01 aff
Consolidated Oll
5
Socony-Vacunum Ou
71
S'haf Elec. Constr. Co.
15
Continental Can
35
Southern Pacific
7
S'hal Waterworks "A"
14
July (New contract)... 9.78 N October
9.81b
9.83 N
.05 up
8.69/69
8.71/71
8.66/66
.03 of
Union Insurance
26
December (
}
8.60/60
8.62/62
8,57/57
.03
off
Contimental Oil
17:
Southern Rly $5 pfd.
14
Copperweld steel
17
Sperry
37
Gula Kalumpong Rubber
15/7
January
( }
8.51 N
..
8.52b/54a...
8.48 N
.03 of
Corn Products
45
Spicer Manufacturing Co
Allied Ironfounders
10/8.
March
}
8.39/39
Curtiss Wright (C)
71
Standard Brands
51
Asso. & Elec. Industries
35/6.
May
、"p.
}
8.24/24
3.43/43 3.24b/260
8.34/34
.05 off
8.19/19
Curtiss Wright "A"
237
Austin Motors, ord.
Stand Gas & Elec.
11/10)
Spot
10.43 N
10.42 N.
*,05 off .01 off
Deere & Co.
14
Standard Oil of California
184
Cable & Wireless, New
Distillers Corpn. Seagrams
13:
Standard Ou "of N.J.
334
Form, "ord."
40
NEW YORK KUBBER
Douglas Aircraft
721
Stone & Webster
53
B.-A. Tob. (bearer)
82/6
July
21.23b/25a
21,30b/504
Du Pont de Nemours
147%
Mercantile Bank
124
September
... 19.55/55
Eagle Ficher Lead
71
Swift International
171
Cammell Laird, ord.
5/3
December
*18.80/80
Eaton Mfg. Co.
261
Technicolor
97
Mexican Eagle
3/6
January
13.68 N
21:90b/22.00 .67 31.10/10 19.70b/008 15.00/00 unquoted
19.05/05 18.80 N
up .55 up .25 up .12 up
271
Texas Corpn.
347
Courtaulds
26/9
Total sales-1,500 tons.
Elee. Bond & Share .........
4
Texes Gulf Sulphur
27
Distillers
55/0
CHICAGO WHEAT
Elec. Bond & Share $5 pt.
464
Timken-Axle
22
Dunlop Rubber
30
July
80/801
80/79+
801/81.
tup
Elec Bond & Share $6, p.
521
Trans-America Co.
41
Gen. Electric (England) 70/3
Elec. Power & Light $7 pf.
20
20th Cent. Fox.
$1.
Guinness (A) Son & Co.
September
62
December
800/800 81/82
80/791
814/81)
1 up
811/817
83/827
1 up
Fisk Rubber
10*
20th "Cent. Fox, $1 pl. ......
15
Hawker Siddeley Alrc...
9/7
Flintkote
10
Union Bag & Paper Corp.
91
Bristol Aeroplane.
10
Gen. American.. Trans.
38!
Union Carbide & Carboni
60
Imperial Chemical Ind.
27
CHICAGO COEN
231
Union Pacific
73
Imperial Tobacco
88/1
July
€21b
81/611
63/83
ap
384
United Aircraft
403
Marks & Sp'cer "A" crd. 34/44
September
61/612
10
United Airlines Trans
13
Rolls Royce
65/9
December
594/591
601/601 811/61 581/584 594/591
up
up
104
United Corpn
12
Leyland Motors
50
WINNIPEG WHEAT
111
United Corp. $3 cum pf. 26
Tate Lyle.....
50
July
744/741
723/731
101
United Gas Corpn.
1
Turner & Newall
57/6.
October
773/773
73ğb 78/76
11 of
lf off
United Steel
19/3
NEW YORK HIDES
451
United Gas Improvement
101
Goodyear Tire & Co.
131
U.S., Industrual Alcohol.
143
Smethwick Drop Forg.
12/8
June
9.58 N
Great Northern Iron Ore ..
121
U.S.-Rubber
15
Armstrong Stevens, ord.
5/6
September
9.750/803
unquoted 9.60b/80a
9.53 N 9.69/70
..05 of .06 off
Great Northern Rly, pfd.
171
US. Rubber sa pid.
70
Pressed Steel, com.
11/104
December
9.95b 710,00 9.81b/10.00 9.93/93
.02 "ou
Great Western" Sugar
201
Vickers. ord.
12/61
New York Official
unquoted
34-3/4
U.8. Steel
45ન
Greyhound Corpa.
10
Woolworths
47/9
3.53-1/2
Vanadium
273
Anglo-Dutch
18/0
801
Vultee Aircraft.
71*
Homestake Mining
39
Walworth Co.
31
Rub, Plant, Invest. Trust
24/3
International Harvester
361
Warner Bros. Pict.
2
Burma Corporation
7/3
21
Westinghouse Mec.
821
Commonwealth Mining
Inter. Paper & Power
'104
Maraman Investments
Woodward Iron Cor.
221
Randfontein Estates
10/6 34/4+
Int. Tel. & Tel
2
Chase National Bank
251
44
National City Bank
211*
Western Holdings".
8
J. & Laughlin Steel $7 pid 51
+.
Sub-Nigel ...........
Tanami Gold Mining
bld.
I-ex,`dly.
Anglo-Iranian.
DOW JONES AVERAGE
Burmah
175 3d.. 37/6 53/9.
---June 11, 1940.
155.92 113 25 30 Industrials
25.90 22 16 20 Rails
#7.70 18 10 20 Utilities
115.38 114.42 110.41111.84 3.62 off 23.79 - 23.30 2136 2279 1.00 off 18 67 18 37 17.87 18.03 .04 up
Shell Trans & Trad.
(bearer)
•-Nominal
56/3
2222 8306 40 Bonds
83.87
63 49
.38.off
05.07 45.59 11 Commodity Index $2.29
52.63 .34 of
Business Done:-970,000 sharea
Elec. Autolite
Gen. Electric
Gen. Motors
Gen. Railway Signal
Gen. Tire & Rubber
Glidden Co.
Goodrich (B.E.Y
Goodrich $5 pf.
Hercules Powder. Co.
int Nickel
Johns-Manville
Studebaker Com.
53
1939/40
High Low Dow Jones Averages. June. 8, High Low Close Change
ITALY VULNERABLE
TO ECONOMIC BLOCKADE
LONDON, June 11 (Reuter)--Dr.
'
Total sales Saturday:-uniquoted.
4J
Saturday's sales:-7.889,000 bushels.
NY-London Cross Rate 3.75
LONDON STOCK EXCHANGE
LONDON, June 11 (Reuter)-Ou the Stock Exchange home. rails were supported throughout the ses- ston while in other sections price: after early hesitations, showed some improvement especially gilt- edged securities and kairs, Foreign stocks scarcely moved.
Wall Street was easy.
LONDON METALS
Tin;
EXCHANGE
London, June 10 (Reuter).
Standard, Cash Middle Price, E378-7/8.
Tin, Standard, 3 months" Middle Price, £277-7/8.
LONDON GOLD
London, June 10 (Reuter). Bar Gold. Fine per oz. 168:
INDO-CHINA
SİLVER MARKET STEAM NAVIGATION COMPANY LTD
LONDON SILVER
London, June 10 (Reuter).
Silver Small speculative buying Demand is mainly and selling. Hugh Dalton, Minister of Economie for forward. Business trifling. Warfare in an interview stated market quiet. In the afternoon, Italy is most vulnerable to an the market was quietly steady.. economic blockade. She was de- pendent on outside sources for almost
Important every material, oil, metals, rubber, from ore and coal
War
She cannot last long. Once her! present stocks are exhausted she economic will become
BTAVE liability to Hitler.
+
HIGH STANDARD
OF BREAD
LONDON June 11 (Reuter) —
Spot, 23d.
4
Forward, 22-1/16d.
· BOMBAY SILVER Bombay, June 19 Reuter). Market-Steady. Offtake 200 bars. Indian Mint Silver
63-00 Ready... July 2 Settlement .... 63-00 July 30 Settlement
63-01
bread of the last war, it is said,
is unlikely to re-appear.
There is no immediate shortage
Every effort is being made to1of tea, but consumers maintain the
present
are
asked
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, whore passengers and cargo sro landed.
For further particulars
· please apply to
JARDINE MATHESON&Co.,LTD.
TELEPHONE KOJIL high to economise in order to save ship-
standard of bread: The darkish ping space for more vital purposes.
GENERAL MANAGERS
The Business of the above Bank
is conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAL
& SHANGHAI BANKING COR
PORATION. Rules may be obtain-
ed on application.
For the HosGKONG & SHANGHAI BANKING CORPORATION,
Y. M. GRAYBURN,
Chief Manager. Hong Kong 28th Feb., 1930.
BANK OF EAST ASIA, LIMITED
Authorised Capital $10,000,000.00 Paid-Up Capital 5,595,600,00 Reserve and Undivided
Profita
2,983,261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
.SIR SKOUEON CHOW, Chairman Li Koon Chus, Zoq, Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ting Po, Eleg. Chan Ching Shok, Esq. Fang Ping Wah Esq KAN Toxa Po, Esq., Chief Manager Li TaE FONO, Esq., Manager«
Apoy
Bensbay Calonta
Branches and Agencies:-
Bankow Kopalin
Kobe
Kanila
Ko vioon PEDANK Singapore Bourabaya Bangoan Loudon
Вагод
Bansw MaDonne San Fran. Sydney.
deso Tactila
ORTER
Wagnaka Now Fork Fr Pulping
Beaitla Bearing
Shangha
Every description of Banking and Exchange business transacted. Loans granted approved securities.
HEAD OFFICE:
18, PINE STEES?',
NEW YORK. An American Bank offering com- plete Foreign Banking Bervice in the principal Markets of the world. Interest Rates on, Application.
+
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BATL NEW YORK, with Besource că orel U.S.$2,000,000,000..
D. M. BIGGAR,
Second Vion 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 Ovre CHINA) Owing to our numerous Branabes 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:
A, QUEEN'S ROAD, "C. South China Offices:
Current Accounts opened in Local Currency and Fixed Deposita re ceived for one year or shorter periods in Local and Foreign CurCANTON renciex on terms which will be SWATOW quoted 'on application.
SHIUCHOW SATZ IZPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
THE KWANGTUNG PROVINCIAL
BANK.
(Incorporated in fbfzki
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,
Manager
THE MERCANTILE BANK” 4. OF INDIA, LIMITED
General Banking Farlilties and Pinaadini Aguola to
The Provincial Government of Kwangtong, Hard Office--Sklokwas. Kwingtang Province. Hongkong Branch-uoma's Bldg., 'Chater Bd. Cabir AddressPROVINCIAL" 2039, 044K., Telephones: 20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA" Correspondents in New York and London Paid Up Capital... N$10,000,000. Reserve Capital N$10,500,000.
AUYANG M »NLY,
Hongkong Manager.
A Job:
WANT ADS
£8,000,000
Head Office-15, Gracechurch Street,
London, EOS ·· Authorised. Capital Bubscribed flaġlini • Paid-oy Capit Reserve Fund and East.
21,900,000
1,060,000
.. 21,251,000
BANKERS:: The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok
Bambay
Ipak Jatina
Cadentia Kpantes
Kandy
Caltabe Delhi
Hongkong
Rowas
Karab
Kota Bhar Kazla Lipla
Hania Trengganu Kadu
New York' Pensas Bangoon
Shanghai Fimta
Kuala Lumpur "dingspors
"HONG KONG BRANCH:
Evary doweription of Banking and Exchange
Inalnom transacted,
TRUSTEE AND EXECUTORSHIP
ANUNDERTAKEN UD.
UURLENT A000UMTB opened in. Loved One. repoy and FIXED DEPOSITS resolved in Losal Currenes & TERLING on terine that may be avertained on spt lotion.".""
DA BENSON.
וי
4