FRIDAY, JUNE 14, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Board of Directoris. H...V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
Hon. Mr. A. L Shields,
Sir Vandeleur M. Grayburn,
Chief Hanager.
London Lyons Sourabaya
Patani Swatow
(Jobore) Tientsia Mukden Tokyo New York Tsingtao
Yokobama Peiping
Penang
HEAD OFFICE: LONDON: "38, Bishopagate E.0.2. Bub-Agencies In London: 117/199, Leadenhall Street, E.da West End Branch: 14/18, Cockapuz Street, S.W L Manchester. Branch: 52, Mosley Street, Manchester, 2.
AGENCIES · AND BRANCHES:
ALOR STAB AMRITSAR BANGXOX
| BATAVIA BOMBAY
CALOUTTA
AGENCIES:
CLIVE STREET FAIRLIK PLACX CANTON
DAWNPORS
CEBU COLOMBO
DELHI
AIPHONG HAMBURG HANKOW
HARBIN HONG KONG KANGOON
ILOILO IPOK
KARACHI
KLANG 宝门施
KUALA
SHANGHAL
BITIAWAN
NEW YORK' . YOKOHAMA PRIPING
(Peking)
FORMIGN EXCHANOX and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPOSITS received for Ons Year or shorter periods in Local: or Other Currencies at rates which will be quoted on application.
On Singapore:→→
On Japan:--
Previous
June 12
On India:-
Closing Opening Closing Change
Buyers Buyers
38-3/4 39-3/8
3743/4 35-7/8
39 cts. 38-3/8 38 cts. 36 cts. 36-1/2
up 174
up 1/4
.
up 1/8
PAGE 10 HONGKONG DAILY PRESS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE
BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK, June 12, 1940.
SINGAPORE RUBBER
4
& POT
JULY-SEPT.
OCT.-DEC.
MONEY AND EXCHANGE
CLOSING QUOTATIONS „JUNE 12, 1940
On London:
Telegraphic Transfer, 1/2 7/5 Bank Bills, en demand 1/2 7/8 Credits 4 months' sight 1:33,1 On Shanghai-
On demand
On demand
On demand
355
Telegraphic Transfer. 1/2
and demand
On New York:-
11
Bank Bills, on demand 22 3/4 Credits, 60 days' sight 24 1/9
FINANCE
NEW YORK STOCK EXCHANGE
QUOTATION
STOCKS
Adams Express .... Alleghany Steel Co. Allied Stores
Allis Chalmers
(REUTER'S SERVIER
JUNE 12, 1940
Last Sale
STOCKS
Last Sale
INDIA, AUSTRALJA
June 11
June, 11.
5
Kennecott Copper
271
AND CHINA
201
Lakey Foundry & Mac.....
31
Authorised Capital ... $50,000,000
5}
Libbey-Owens-Fard
Glasa
321
254
Lockheed Aircraft
272
Sterling
Aluminium Ltd...
60
Loew's Inc.
24
52 2/1
Amer, Can
91
Loft Incorperated
187
Reserve Liability of "
H.K. Currency Reserve $10,000,000 Reserve Liability of Fro-
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1868
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,000
American Cyanamid B.
31.
Mack Truck 'Inc.
Proprietors......
..$90,000,000
prietors.....
...£3,000,000
Amer. & Foreign Pover Amer & Foreign $7 pf. American Gas & Elec. ................ Amer. Locomotive
1*
Martin, Glen L
32+
12
McKessun & Robbins, pid.
18
Head Office:-HONG KONG
261
Monsanto Chemical 9.
87
121
Montgomery Ward
95+
Amer, Metals. 00. ....... mini Amer. Radiator
141..
National Aviation
10
51
Nat, Dairy Products
12
Amer. Rolling Mil
111
Nat, Distillery
177
After ruling steady, the market became easter: LONDON RUBBER
Previous close Today's close
On Batavia:-
On demand
42 1/2
Amer. Sting and Ring Co.
36
National Gypsum
51
Amer, Sugar Refining
13
||National Lead ...oh...
18
J. E. Bousfield, Esq.,
On Paris:-
B.POT
JULY
AUGUST
OCT.-DEC.
JAN-MARCH
buyers
13-1/8
13-1/16-
14
UNRECEIVED
12-1/4 11-5/8
buyers
Change
Bank Bills, on demand 1090 Credits 4 months' sight 1100
Amer, Tel, & Tel.
152
Nat, Power & Light
57
A. H. Compton, Esq.
Amer. Tobacco "B"
732
National Steel Corp.
563
Hon. Mr. S. H. Dodwell,
Amer, Waterworks
61
National Supply-Corp.
G. Miskin, Esq.,
PENANG
5*
K. S. Morrison, Esq.,
On Saigon:-.
On demand
18 3/4
Anaconda Copper
211
New York Central
10
T. E. Pearce, Esq.,
Ou Manils:
Atchison, T. & 8. Ft. Aviation Corp.
141
Niagara Hudson Power....
37
C. C. Roberta, Baq.
BAIGON
BEREMBAN
51
N. American Aviation
171
1
NEW YORK COTTON: Spot tightness is still a dominating fac tor. This, with a rebound in securities caused shorts to cover and more active price-fixing. The weather continues to be favourable.
NEW YORK RUBBER: Baying was less aggressive and prices levelled off on profit taking. The general situation was unchanged. CHICAGO "WHEAT: The price-peg is to be removed on June 14. The movement of the crop in the South-West is increasing. but there was no pressure of selling at the declinu.
NEW YORK STOCKS:
121.46; Change, up 5.49.
Previous close, 115.97; Today's close.
On Bangkok:-
Shanghai Exchange
On demand
48 1/2
Bacock & Wilcar
231
North American Co.
161
SINGAPOE
Baldwin Lecometive
15
On demand ...
149 1/2
Northern Facile
5+
Baltimore & Ohio
31
Owens-Mtrols Glass Co.
42
On Sterling Notes:-
Barber Asphalt Co.
91
Paelde Gas & Mec
201
Branches:
Bank Buying Rate 1/4
93 Bar Silver per oz.
Barnsdall Of
Pacific, Lighting
38.
Amoy.
Johore
Bell Aircraft Corp.
171
Packard Motors
37
Bangkok Koba
Bendix Aviation
271
Pan-American Airways
13!
Batavia Kowloon
Hangoon Saigon San
וי
SOUHAHAYA
EURFUR
KUCHING
TAIPING TINTAIN
MADZAN MANILA
TONGKAR
MEDAN
TUINGTAO
(Bhuket)
Bethlehem Steel
71.
Paramount Pictures
Bombay Kuala
Francisco
Shanghal, June 13 (Reuter).
Official T.T. Rates
Bliss & Co.
15
Pennsylvania R.R
17
Calcutta
Lumpur Shanghải
Eceing Airplane Co..
142
Phelps-Dodge
281
Canton
Singapore
Borg-Warner
151"
Opening
Philadelphia Read, Coal
Bridgeport Brass Corp.
91
London ...
0/3-3/4
Phillips Petroleum
301
New York
5-3/4
Briggs Mig........
16
Pittsburg Cake & Iron
Chefoo Colombo Dairen Manila
Malacci
Sungai
Foochow Muar
Brooklyn-M'hattan Trans.
"18
Publle Service of N.J,
32#
Japan
24-3/8
Haiphong
Brooklyn Manhattan $8..
90*
Pullman Ing.
191
Hankow
Close
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
India
20-3/4
Budd Mfacturing Corp.
34
Pure Off
74
Harbia
Pret. Tod Ly's
High "Low 10.16
Close Case Change
9.86 23.20 22.30 841 821
0.77 9.97 20 up 23.00 22.30 .70 off 34 821 11 off
621 613
"621 62)
10.50 .10.20 10.02 10.40
.38 up
Opening
Closing
Change
July
9.77/78
9.88/87
0.97/37
.20 up
July (New contract)
10.12/12
10.23/24
10.22 N
.10 up
October
}..
8.85/85
8.95/95
9.08/08
,23 up
December (
}
8.78/78:
B.84/84
9.00/00
22
up
January if
}
8.69/69
B.76/76
8.92 N
.23
up
March
(
}
8.56/56
8.64/64
8.82/82
20 up
May
8.41/41
8.48/49
8.67/67
26 up
Spot
10.65
10.85
20 up
Total sales Tuesday:-23,100 bales."
NEW YORK RUBBER
Paris Hongkong.....
SILVER
MARKET
LONDON SILVER
London, June 12 (Reuter). Silver; Little Indian bear cover- ing. Business very small. Market quiet. In the afternoon, the mar- ket was dull, with small offers at the rate but buyers were holding off.
Spot. 23-1/24
Forward, 21-7/8d.
BOMBAY SILVER
Bombay, June 12 Reater).
Indian Mint Silver
2.75
Canadian Pacific R'way
23.
25
Radio Corpn. of Am.
Iloilo
Case. II. musika
Reading Company,"
Com 11
Ipoh
Celanese
244
Remington Arms Co., Inc,
Chesapeake & Ohio
32
Republic Aviation Corp. ...
47
Chrysler Corpi.
57
Republic Steel
151
Climax-Molybdenum Co.
291
Revere Cop. & Brass Inc. ..
9.
Colts Fatent Fire-Arms
772
Reynold Tobac. "B"
331
Columbia Caa & Elec............. Columbia 6
41
Richfeld OF
7
"A" pt.
70
Safeway Stores
37+
Commercial Credit Co.
284
Schenley Distillers
8
J
Com, & Bouthern (Ord.)
13/16
Scars Roebuck.
64"
Consolidated Edison
241
Shell Union Oil
77
Consolidated Off
Socony-Vacunum Oil
Continental Can
351
Southern, Pacific
Continental Of
13
Southern Rly $5 pfd.
154
Copperweld Steel
SI
Sperry
391
Corn Products
45
Spleer Manufacturing Co. 241
Curtis Wright (C.)
71
Market Steady. Oftake 150 bars."
Standard Brands
5+
is conducted by the HONGKONG
Curtiss Wright "A"
251
Stand Gas & Elec............
1
Deere & Co.
15
Standard Oil of California
19
Ready
63-08
Distillers Corpn. Seagrams
13
Standard Q of NJ.
351
July 2 Settlement"
63-08
Douglas Aircraft
75
Stone & Webster
51
+
July
September
December
January
March
May
23.00/00
23.30b/28a
21.05/05
21:30/25
22.30/30 20.20/35
.70 Of
July 30 Settlement
63-08
Du Pont de Nemours
1494
Studebaker Com,
61
.85 off
Eagle Picher Lead
81
Swift International
17
19.70/70
10.45 N
19.20 N
19.13 N
19.85/85 unquoted unquoted unquoted
.. 19.30/30
.40 ott
19.10. N. 18.85b
35 off
.35 aff
Total sales:-1,780 tons,
286-1/2.
Tuesday's sales:-18,006,000 bushels.
CHICAGO WHEAT
July ........
83/831
831/838
September
84/841
84/843
December
851/85
854/85
mutilated 823/821 833/831
14 of
1 off
CHICAGO CORN
July
September
December
631/631 621/621 601/601"
LI
031/633
621/621 601/601
638/83+ 621/62! 6017001
of off
WINNIPEG" WHEAT
July
751/751
-751/751
732b
October ..
77ja
NEW YORK HIDES
LONDON METALS
Tin,
Price,
EXCHANGE
London, June 12 (Reuter).
Standard, Cash,
Tin, Standard, 3 months. Middle Price, 285-7/8.
LONDON GOLD
London, June 12 (Reuter). Bar Gold. Fine per oz, 168.
RESERVE BANK OF
INDIA STATEMENT Calcutta, June 12 (Reuter).
May 29 June 5
11 off Notes in circulation Notes (including "held in the Bank-
Gen. Tire & Rubber Glidden Co. Goodrich (B.F.)
ing Department)... 25,702 26,308 International Harvester
Eaton Mfg. Co.
261
Technicolor
91
Elec. Autolite
29
Hong Kong, 25th Feb., 1939.
Texas Corpo.
30
Elec, Bond & Share
41
Texes Gulf Sulphur
27#
Elec. Bond & Share $5 pt.
491
Timken-Axle
221
Middle
Elec. Bord & Share $6 pf.
55
Trans-America.Co.
41
Elec. Power & Light 37 pt.
221
20th Cent, Fox.
51
Fisk Rubber
101-
20th Cent. Fcx, 31 pi...... 15"
Flintkote
11
Union Bag & Paper Corp.
107
Gen. American Trans.
4144
Union Carbide & Carbon
624.
Gen. Electric .....
30"
Union Pacific
73
Proits
..2,983,281.50
Gen MotorE
413
United Aircraft
431
Gen Railway Bignal
111
United Airlines Trans
101
United Corpn.
111
United Corpn. 23 cum pl. 271
101
United Gas Corph
qui
1
Goodrich $5 pt.
451
United Gas Improvement
101
Goodyear Tire & Co.
131
U.S.. Industrual Alcohol ..
17
Li Koon Chun, Esq.
Great Northern Iron Ore....
131
U.S. Rubber
17
P. E. Kwok, Esq.
Great Northern Rly, pfd.
187
Wong Yun Tong, Eaç
U.S. Rubber 38 pfd.
72
Great Western Bugar
21
US. Steel
84
Greyhound Corpn.
..191.
Vanadium
30
Hercules Powder Co. Homestake Mining
821
Valtee Aircraft
73*
42
Walworth Co.
37.
Warner Bros. Pict.
Ame?
September
December..
New York Official
NY-London Cross Rate 3.80
10.02/02 10.23b
10.26/25 10.50/55
35
10.40/45 10.62/62 35
.38 up .39 up
Rupee Coin and Bul-
Int Nickel
221
Westinghouse Bec.
Balavin London
Hon in India ....... Gold Coin and Bul-
4,656
4,256
Inter. Paper & Power
12
Woodward Iron Cor.
Boby
Odinati
int, Tel. & Tel
21
Chase National Bank
Haiphong
Bankow
New York
3.75
Johns-Manville
45
National City Bank
Honoluls
Partr
J. & Laughlin Steel $7 pfd 55
Kabe
Pulping
Seattle Semarang Stanghal
Y
4,254 4,759
• bid."
-1-ex, diy,
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, June 12.
The following quotations are the middle prices at the close of the
(Brit. Stpd. Supl. Loan) Tientsin-Pukow Rly, 5%
(Ger. Stpd. Supl Loan)
9
9
བ་་
market in London. All quotations Jay, 5% Ster. Loan, 1907 34 are subject to confirmation and no Jap. 6% Ster. Loan, 1924 38 responsibility la assumed for errors Ger, 1% Intl Loan, 1924 51 In transmission
Hon "in India ...... 4.1544,154
Securities (Indian
Government
Securities (British
Government)
12,350 12,850
PROTECTED AREAS LONDON, June 13 (Reuter) Two further coastal strips of ap- proximately 20 miles wide, one "running from the eastern-boun- dary of East Anglia northwards to the northern boundary of East Riding. Yorkshire; and the other from the western boundary of the Kent area to the Land's End, were declared as Protected Areas under the new Allens Order.
50
1039/4
High
DOW JONES AVERAGE
Low Dow Jones Averages. June. 10, High Low Close Change 166.92 112.84 30 Industriasla
35.90 29 15 20 Rails
June 13, 1940,
11184
22.79
$7.70 1903 20 Utilities
18 03
83.49
80.67 45 58 11 Commodity Index 6281
13838 113.24 118.79 3.83 up .94 up 23.84 23.40 23 73 1871 18.09 18.89 53 up 83.74 24 up 53.85 1.02 ap
Business Done :--760,000 shares
22 21 8306 40 Bonds
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable. on application.
The Bank's Head Office in London
CURRENT ACCOUNT opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter periods in Local and other Our- rencies on terms which will be undertakes Executor and Trustee business, and claims recovery of quoted on spplication.
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
Arao up to date. Bars DEPOSIT Boxes in various sizes To Lat. Hong Kong. 28th February. 1940.
HONGKONG SAVINGS
BANK
THE CHASE" BANK
The Business of the above Bank 13, QUEEN'S ROAD, CENTRAL
& SHANGHAI BANKING COR PORATION. Rules may be obtain ed on application.
For the HONGKONG & SHANGHAI BANTING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
BANK OF EAST ASIA, LIMITED
Authorized Capital $10,000,000.00 Paid-Up Capital
5,598,000,00
Reserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
· Board of Directors:
SIR SHOUSON CHOW, Chairman
Chan Ching Bhak, Esq.
· Là Lan Sanz, Esq.
Wong Cha son, Esq.
Kan Ying Po, Rag. Fang Ping Wah Eng KAK TONG PO, Esq., Chief Manager -LI TEE FONG, Esq., Manager
Branches and Agències:--
Ζωτικής
Singapore Hangoas Bourbaya Heigen Bwatos Melbourne Sam Fran- Bydney
alan Tutela
эстет
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
-
This Bank is entirely owned by THE CHASS NATIONAL BAKE, New York, with Basources of OTHE U.8.$2,900,000,000,
D. M. BIGGAB, "
Second Flos Fres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT TOF/GEJNA ARAN) INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL, 840,000,000. 88 (BLANCHES ALL OVE CHIRA) Owing to put numerous Branches in Ubina 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.
Every description of Banking and " Exchange business transacted. Lonas: granted on approved securities.
Head Office: SHANGHAI Hong Kong Branch
4. QUEEN'S ROAD, C. South China Offices:
Current Accounts opened in Local CANTON Currency and Fixed Deposit re SWATOW ceived for оде year or shortar SHLUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE LEPOSIT Boxes To L.
KAN TONG PO,
Chief Manager.}
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEYOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and. CALCUTTA.
Chartered-Bank
£
War Loan,, 34% (Red
after 1952)
991
Canton-Kloon Rly.. 5%
8.
Chinese 41% Gold Loan
-1898 (Brit. Issues
43
BK. & Shai Bank (Lan
Reg.) HK. & Bhai Bank (Col.
Reg) Chinese Eng.& Mining
(bearer)
77
80
17/6
Chinese 5% Gold Bonds.
Chosen Corporation
8/8
1923-47 ka
43
Pekin Syndicate.
2
Rolls Royce p
81/10
Chin, 4% Anglo-French
hal Elec-Constr. Co....
15
Leyland Motors
50
Loan, 1908
44
Shal Waterworks "A"
14
Tate & Lyle
TO
Chinese 5% Crisp Loan.
Union Insurance
25
Turner & Newall
66/104
1012
17
Gula Kalumpong Rubber 15/74
United Steel
19/3
Chinese 5% Reorg, Loan,
Allled Iconfounders ..
10
Smethwick Drop Forg.
12/6
1913 (Ldn. Is.)
24
Chinese 8% Ster. Noter.
Asso, & Elec: Industries. 35/9 Austin Motors, ord.
Armstrong Stevens, ord.
5/8
12/0
Pressed Steel, com.
11/3
1925 (Vickers) ........
8
Cable & Wireless, New
Vickers,, ord.
12/7
Chin. Imperial Rly. 5%
Form, ard......
39
48/7+
Loan Honan Rly. 5%
56
B-A, Tob. (bearer)
83/15
Anglo-Dutch
18/3
12
Mercantile Bank
121
Rub, Flant. Invest. Trust
23/9
All steamers berth alongade
Hakuang Rly, 5%, 1911....
cammell Laird, ord,
the Hoosevelt Terminal in
5/3
Burma Corporation
7
(LP. N/Y-Isstic)
14
Mexican Eagle
3/3
Commonwealth Mining
Courtaulds
28/0
Marsman Investments
10
Distlers
56/8
Randfontein Extates
:35
Dunlop Rubber
29/9
Western Holdings ..........................
8
Geri. Electric, (England)
69/9.
Sub-Nigel beskaini
175
15
Guinness (A) sàn & Cơ 02:
Tanami Gold Mining Anglo-Iranian
34
28/14
10
Burmah
54/44
Imperial Chemical Ind. 27 Imperial Tobacco Marks & Sp'cer. "A" ord. 34/41
87/6
Shell Trans (bearer)
韶
Trad.
54/41
Hukuang Rly 5%, 1911
. German Issue)
Lung Thing & U. Hai
Rly. $71913
Bhat Kingly. 5%... Tientsin-Fukow Rly. 5%
(Belt. Stpd.)
Tientsin-Pukow Rly, 5%
(German Stpd) Tientsin-Pukow Rly, 5%
བ་"འ
Hawker Biddeley Airc... 9744 Bristol Aeroplane
Woolworths
•Nominai
SANDAKAN
HAIPHONG
the French Concession st
Shanghai, where passengeri
and cargo are landed.
For further particulars please apply tơm, 5/
3
JARDINE MATHESON&Co., TELEPHONEĎZOŠILO GENERAL MANAGERS
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Homs and Abroad.
SHOU J. CHEN,..
Manager
THE AWANGTUNG PROVINCIAL
BANK
(Incorporated In-Chies)".
General Banking Facilities and Financial Agents to The Provincial Government of Kwangtang Herd ice-hlukwan, Kwangtang Prystion Hongkong Reach-Quera's lida Chater B Cable Addresscm3) ROVINCIAL” 2939, 9442. maratha en Telephones%29%
- 20112, 20113, 20143, 20181; $1681.
BRANCHES THROUGHOUT THE BOUTH, CHINAT Correspondente in New York and Londen für Paid Up Capital ...... NE10,000,000:" Reserve Capital N$10,500,000.
'AUYANG MANLY, TH
Hongkong Matinga".
A job?
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