STOCKS
Last Sale:
STOCKS
Last Sale
June 13
Adams Express
5+
Kennecott Copper
June 13 371
Alleghany Steel Co.
211
Allied Stores
52
Lakey Foundry & Mac, ..** Libbey-Owens-Ford Glass 32
Allis Chalmers ....
571
Lockheed Aircraft
281
Aluminium Ltd. ...........
$8
Loew's Inc.
241
£
53+
Amer. Can a
Loft Incorperated
201
American Oyanamid B.
321
Mack Truck Inc.
201
Amer. & Foreign Power
Martin, Glen L
312
War Loan, 34% (Red
after 1952)
99*
Amer & Foreign $7 pt.
13
McKesson & Robbins, pfd. 19:
Canton-K'loon Rly 5%
A
NEW YORK: June 13, 1940.
American Gas & Elec.
ag}
Monsante Chemical
90
Chinese 41% Gold Loan
12
Montgomery Ward
367+
1398 (Brit. Issue)
43
SINGAPORE RUBBER
Chinese 5% Gold Bonds.
||
Amer. Metals Co.
153
National Aviation
101
Amer. Radiator
51
Nat. Dairy Products
1925-47
43
134
SPOT
Amer. Rolling Mill
111
Nat. Distillers
Chin. 44% Anglo-French
IB
JULY-SEPT.
Loan. 1908
44
Amer. Sting and Ring Co.
361
National Gypsum
8
OCT.-DEC,
Amer, Sugar Refining
14
National Lead
tr
Chinese 5% Crisp Loan.
'Amer. Tel, & Tel
158
Nat, Power & Light
1913
17
LONDON RUBBER
Chinese 5% Reorg. Loan.
Amer. Tobacco "B"
741
National Steel Corp.
581
1913 (Ldn. Is.)
24
SPOT
Amer. Waterworks
61
National Supply Corp.
53
Chinese % Ster. Notes
JUL Y
Anaconda Copper
211
New York Central
toj
Atchison, T. & B Fe.
147
Niagara Hudson Power
31
1925 (Vickers)
8
AUGUST
Aviation Corp.
51
N. American Aviation
173*
Chin. Imperial Rly. 5%
OCT.-DEC.
Loan
56
JAN.-MARCH.
Bacock & Wilcox
23
North American Co. ........
17
Honan Rly. 5%
12
=3
Baldwin Lecometive
151
Northern Partic
51
Baltimore & Ohio
ቤቶ
Owens-Illinois Glass Co.
46.
Hukuang Rly. 5%. 1911
(L.P. N/Y Issue)
Barber Asphalt Co.
97
Pacific Gas & Elec
20
Barnsdall Ol
83
Pacific Lighting
38
Hukuang Rly. 5%, 1911
Bell Aircraft Corp.
101
Packard Motors
31
(German Issue)
Bendix Aviation
282
Pan-American Airways
134
Lung Tring & U.
Hal
Bethlehem Steel
72
Paramount Pictures
Rly. 54% 1913
11
41
Bliss & Co.
151
Pennsylvania R.R.
S'hal-N'King Riy, 5%
16
Bocing Airplane Co.
144
Phelps-Dodge
27+
Borg-Warner
151
Philadelphia Read, Coal
.0
Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Tientsin-Pukow Rly. 5%
Bridgeport Brass Corp.
91
Phillips Petroleum
33
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
Amer. Locomotive
QUOTATION
(REUTER'S SERVICE)
JUNE 14. 1940.
a
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, June 13. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed' for errors in 'transmission.
10
58
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE ̈ BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Previous
Jume 13
Closing Opening Closing Change
Buyers Buyers
After ruling easier, the market became steady.
NEW YORK COTTON: Pricesfluctuated within a narrow tange and Traders are generally waiting move definite developments at Washington.
NEW YORK RUBBER: There was some nervous liquidation but c.l.f, prices remain steady..
CHICAGO WHEAT: crop movements in the South-West and hedging. The removal of the peg and the gravity of war news were additional depressing influences,
1940.
SATURDAY, JUNE 15,
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OP
INDIA, AUSTRALIA. AND CHINA
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1859
Paid-Up Capital $8,500,000 Reserve Fund
BANKING CORPORATION
Authorised Capital....... $50,000,000
Reserve Funds:
...£3,000,000
Reserve Liability of
Proprietors...i ....$90,000,000
Sterling S B.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors...
£3,000,000
£3,000,000
HEAD OFFICE: LONDON:
Head Office:-KONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
J. K. Bausid, Esq., A. E. Compton, Esq., Hon. Mr. 8. H. Dodwell, G. Miskin, Esq.,
E. 8. Morrison, Esq., TE. Pearce, Esq.,
C. O. Roberts, Esq.,
Hon. Mr. A. L Shield,
Sir Vandeleur M. Grayburn,
Chief Manager.
"38, Bishopsgate E.C.%. Sub-Ageneles In London:
117/19, Lexdenhall Street, E.Ca West End Branch: 14/18, Cockspar Street, 8.WL Manchester Branch: 52, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
HARBIN PENANG HONG KONG LANGOON
AGENCIES: OB
CLIVE STANET
KUALA
ALOR STAR AMRITSAR
BANGKOK
BATAVIA
BOMBAY
ILOILO ион KARACHI
BAIGON
SEREMBAN
SHANGHAL
GALOUTTA KLANO"
SINGAPOR
BITIAWAN
SOUKABAYA
LUMPUR KUCHING
-TAIPINO
TIENTSIN
TONGKAH
MANILA-
(Bhuket)
MEDAN
TRINGTAO
NEW YORK
YOKOHAMA
FELPING
FAIRLIN PLACE
CANTON
CAWNPORE
MADRAS
U
39 cts.
38 cts.
CLOSED
36 cts.
Previous close Today's close
buyers,
buyers
Change
13-5/8
13-9/16
off 1/16
13-9/18
13-1/2
13-7/10
13-7/16
off 1/16 unch.
12-7/16
12-3/8
off 1/18
11-7/8
11-7/8
unch.
Amoy
Branches: Johore
"
Bangkok Kobe
Rangoon Saigon
CEBU COLORIDO
Batavia Bombay "Calcutta
San
Kuala
DELEI
Francisco HAIPHONG
Lumpur
Shanghai'
HAMBORG
Briggs Mfg.
LG
Pittsburg Coke & Iron
7
(German Stpd.)
Tlèntain-Pukow Rly. 5%
NEW YORK STOCKS:
Brooklyn-M'hattan Trans. 18
Public Service of N.J
32
119.91; Change, of 1.55.
Brooklyn-Manhattan $6.... 104*
Pullman Inc.
203
Budd M'facturing Corp.
31
Pure Oil
7*
Canadian Pacific R'way
3
Radio Corpn. of Am.
41
(Brit. Stpd. Supl Loan) 0 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl Loan) Jap. 5% Ster. Loan, 1907. 321
9
Case, J.L
16
Reading Company,
Com
13
Jap. 6% Ster, Loan, 1924 .37
Celanese
2311
Remington Arms Co., Inc.
41*
Ger, 1% Intl. Loan, 1924 51
Chesapeake & Ohio.
3+1
Republic Aviation Corp......
41
Chartered Bank
7
Chrysler Corpn.
30
Republic Steel
161
'F.K. & Shai Bank (dr.
Climax-Molybdenum Co.
311
Revere Cop. & Brass Inc.
New York Cotton, July
91
Reg.)
77
Colts Patent Fire-Arms ...
781
Reynold Tobaċ. "B"
361
New York Rubber, July
H.K. & Shai Bank (Col.
Columbia Gas & Hee.....
+1
Richfeld O
17
Chicago Wheat. Bept,
Beg)
80
Columbia 8% "A" pt.
74
Safeway Stores
371
Chicago Corn. Bept,
Chinese Eng. & Mining
Commercial 'Credit Co.
281
Schenley Distillers
.83
New York Hides, Sept.
(bearer)
17/8
Com, & Southern: (Ord.)
01
Sears Roebuck
65
Chosen Corporation
6/6
Consolidated Edison
243
Shell Union Oll
·8)
Pekin Syndicate .......
2
NEW YORK COTTON July
Consolidated Oll
Bocony-Vacunum Oll
81
S'hal Elec. Constr. Co.....
-15
July (New contract)
Continental Can
361.
Southern Paclic
71
Bhai Waterworks "A"
14
October
Continental ou
171
Southern Rly $5 pfd..
19
Union Insurance
25
December
Copperwald Steel
131
Sperry
401
Gula Kalumpang Rubber
15/7
January
Corn Products
471
Spicer Manufacturing Co. 24
Allled tronfounders
10
March
Curtis Wright (C)
8
Standard Brands
5
Asso. & Elec. Industries
35/9
May
I
Curtis Wright "A"
247:
Stand Gas & Elec.
11
Austin Motors, ord.
11/3
Spot
Deere & Co.
15
Standard Out of California
182
"Cable & Wireless, New
Distillers. Corpn. Beagrams
132
Standard O DE NJ.
351
Form, ord.
38
Douglas Aircraft
787
NEW YORK RUBBER
Stone & Webster
04
B.-A. Tob. (bearer)....
83/11
Du Pont de Nemours
1561
July
Studebaker Com
67
Mercantile Bank
121
Eagle Picher Lead
81
Swift International
September
173"
Cammell Laird, ord."
5/14
Eaton Mfg. Co.
27
December
Technicolor
91
Mexican Eagle
3/3.
Elec. Autolite
301
January
Taras Corpn.
Courtaulds
28/8
Elec. Bond & Share
+1
Texes Gulf Sulphur
March
294
Distillers
58
Elec. Bond & Share 35 pf.
483*
Timken-Axle
221
May......
Dunlop Rubber
29/3
Elec Bond & Share $6 pf.
582
Trans-America Co
Total sales:-1,860 tons.
43
Gen. Electric (England)
89/9
Elec. Power & Light 57 pt.
21
20th Cent. Fox.
5%
Guinness (A) Son & Co... 62
CHICAGO WHEAT
Fisk Rubber
10)*
20th Cent. Fox, $1; pf. ...
143*
Hawker Siddeley Airc...... 9/11
July......
Flintkote
113
Union Bag & Paper Corp.
107
Bristol Aeroplane
10
September......
Gen. American Trans.
44
Urion Carbide
& Carbon
664
Gen, Electric
301
Union Pacific
741
Imperial Chemical Ind. 28/6 Imperial Tobacco
December
88/11
Gen. Motors
431
United Aircraft
421
"Marks & Sp'cer "A" ord. 34/44
Gen. Railway Signs,
11
CHICAGO CORN
United Airlines Trans
14
Rolls Royce
-81/101
Gen, Tire & Rubber
July
112
United Corpo.
11
Leyland Motors.
49/41
Glidden Co.
11
United Corpn. $3 cum pf. 29
September
Tate Lyle
48/9
December
Goodrich (B.F.)
111
United Gas Corpn.
1
Turner & Newall
56/3
Goodrich $5 př
48*
United
Gas Improvement
10
WINNIPEG WHEAT
United Steel
18/9
Goodyear Tire & Co.
137
U.S., Industrual Alcohol,
18
Smethwick Drop Forg.
12/6
July
Great Northern Iron Ore .."
144
U.S. Rubber
.. 17
Armstrong Stevens, ord.
5/6
October
'Great Northern Riy, pfd
19
US. Rubber $8 pfd.
784
Pressed Steel, com.
11/101
NEW YORK HIDES
Great Western Bugar
214*
UB. Steel
50
Vickers, ord.
12/8
September
Greyhound corpu
101
Vanadium
301
Woolworths
48/9
December
Hercules Powder Co.
85:
Vultee Aircraft
81*
Anglo-Dutch
18
New York Official
Homestake Mining
44
Walworth Co.
21
Rub. Plant. Invest. Trust
23/9
NY-London Cross Rate 3.75
International Harvester
391
Warner Bros. Pict.
21
Int Nickel .......
2:27
Westinghouse Elec.
891
Burma Corporation ...... ད Commonwealth Mining
Inter. Paper & Power
121
Woodward Iron Cor.
23
Maraman Investments
10
Int. Tel. & Tel
2+*
Johns-Manville'
48+
Chase National Bank National City Bank
Randfontein Estates...
J. & Laughlin Steel $7 pfd. 58
Western Holdings ......... Sub-Nigel
33/9 8
SILVER MARKET
175
-bla.
-ex div.
Tanami Gold Mining
3d.
1939/40
158.99 111.84 30 Industrials
35.90 29.15 20 Rails
$7.70 18.03 20 Utilitiea
2222 83 06 40 Bonda
65 67 45.68 11 Commodity Indox 53.66
June 14, 1940.
121.46 129.10 118.37 119.01 1.85 öf
25.20
.73 off 23.03 24.42 24.47 19 20 19.55 19.11 18.23. .07 of B4,29
84.89 ,80 up 52.92 1.04 of,
DOW JONES AVERAGE
High Low Dow Jones Averages. June. 12, High Low Close Changa
Anglo-Iranian
Burtu ah
Shell Trans,
"bearer)
-Nominal
38/11 53/14
*
Trad.
53/9
Bariness Done -880,000 shares
A
LONDON SILVER
51 of .48 off
BROKERS' LOANS
New York, June 13 (Reuter). London, June 13"(Reuter).
Loan on securities to brokers in Silver.--Trifing speculative sell-New York:-
ing. Business negligible. Market dull. In the afternoon, the mark-
ket was idle.
Spot, 23-3/84. Forward, 21-3/4d.
Week-ended
Week-ended
Week-ended 8/6/39 6/6/40 13/8/40 $553,000,000 $312,000,000 $312,000,000
WEEKLY RETURNS AND REPORTS INDO-CHINA
BANK OF ENGLAND
LONDON, June 13 (Router),
Public DepoSITE
Other Deposita:----
Bankers *Other Accounta
Total
STEAM NAVIGATION=COMPANY LTD.
Operating Services for Cargo and Passengers
SWATÓW, SHANGHAI, TSINGTAU, CHEFOO
June 6
& 13,810
June 13
&
34.800
118,790
103,160
TO-
40,610
48,360
168,400
151.520
Government Securities
161,730
123,980
Other Securities:-
Discounts & Advances Becurities
2,800
*3,890
22.810
22.990
25,700
26.880
Notes and Coins
12,400
63,380
Tutal Bullion
1,660
1,750
Nates in circulation
569,200
Ratio of Reserys to Liabilities
Price of Gold at which holdings are valued
6,81% 108/-
.578,970 28.63%
188/
Fiduciary fee now £30,000,000,-
نه ها
Total
FEDERAL RESERVE SYSTEM
NEW YORK, Jime is (Beuter).
14
"Bills Bought
UA Securities held
Federal Reserve Ratio
Federal Reserve Credit Outstanding.
Monetary Geld. Stock
Industrial Advents
'(000's omitted)
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.
June 13
For further particulars
please apply to
June 8'(1839) June§.
$1,000
2,477,000 2,584,000 2,477,000.
MARY 88,40% 88.51% 2,578,000 2,530,000 2,523,000 16,887,000.. 19,281,000 19,427,000 12,420,000 9,085,000 9,085,000
JARDINE MATHESON&Co.,LTD.
TELEPHONE ZOZIE
GENERALM
NAGERS
HANKOW
(Peking)
FORE.ON EXCHANGE 2nd General Banking Business transacted.
CURRENT ACCOiræers opened and FIXED DEPOSITS received for One Year or shorter perioda in Local or Other Currencies at rates "whink will be quoted on application.
SAVINGS ACCOUxre also opened in Local Curtency and Sterling with interest allowed at rates obtainabla
Patani Swatow (Jobore) Tientsin Mukden Tokyo Harbin New York Tsingtao floilo เ
Yokohama Peiping Ipoh Penang
CURRENT ACCOUNTS opened in LOCAL CURRENCY and Fixed Depot on application. received for one year or shorter periods in Local and other Our-!
term which will be rencies on quoted on application.
ALSO up to date SAFE DEPOSIT Boxes in various sizes. To LET. Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank
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.
B. A. CAMIDGE,
Manager.
THE CHASE BANK
is conducted by the HONGKONG| 10, QUEEN'S ROAD, CENTRAL
SHANGHAI BANKING COR PORATION. Rules may be obtain-
ed on application,
For the Hondrong & SHANGHAI
Banking CompORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1930.
BANK OF EAST ASIA, ·
LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital ........ 5,598,000,00 Reserve and Undivided
Profits.....
2,983, 291.50
Head Office:-HONG KONG No. 10. Des Voeux Road, Central,
Board of Directors:
SIR SHOUSON CHow, Chairman Li Koon Chus, Esq. Di Lan Sang, Esq. P. K, Kwok, Esq. Wour Chin Sou, Esq. Wong, Inn Tong, Esq. Kan Ting Po, Kag. Chan Ching Shok, Esq. Fung Ping Wah E54- KAN TONG PO, Esq., Chief Manager Li Ter Foxa, Exo, Manager
Branches and Agencicar-
Kerlock London
Borabay Manila Saigon Bwstaw
Exlousta
Haiphong
Malbouisa Ban Fran- Bydney Tal
ouver New York Beddin Homolata Paris
Sam Kobe
Palplay Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities,
HEAD OFFICE; .
18, PINE STEINT;
NEW YORK. An American Bank offering com-
plete Foreign Banking Service in the principal Markets of the world. Interest Bates ou Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THI CHABE NATIONAL BASE, Now Yox, with Resourose of ovul U.S.$2,900,000,000.
D. M. BIGGAR,
Second Fics 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 ÜHINA) Owing to our numerous Branebos în 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, 0.
South China Offices:
Current Accounts opened in Local Carrancy and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Cur: | CANTON rencies on terms which will be SWATOW
SHIUCHOW quoted on application.
HONGMOON. TOISHAN
KINGCHOW
BATE EXPOSIT Borrs To LZT.
We also handle the insize of Bonds -KAN TONG PO,
and other Public Funds of the Chief Manager. Chinese-Government both at Home
and Abroad.
SHOU J. CHEN,
Manager
THE KWANGTUNG FROVINCIAL
BANK
(Incorporated in Phina)
General Banking Facilition and Financial Agents to The Provincial Government of Kwangiang Head Ofos--8hlukwan, Kwangiang Provinos Hongkong Branch --Queen's Bldg., 3 Chater Rd. Cable Addromas. PROVINCIAL" 2009, 9443. Telephones:
26112, 20113, 20143, 20181, 11681. BRANCHES THROUGHOUT SOUTH "CHINA Correspondante in New York, und London
́Pald· Up Capital ...... N$10,000,000 Reserve Capital ...... N$10,500,000.
AUYANG MANLY,
Hongkong Muziger.
AJob?
WANT ADS
THE MERCANTILE BANK OF INDIA, LIMITED
7
Head Offeer-15, Gracechurch Street, London, 2037 Authorised Digital Baberibadi Capital Paidap Caphel .. Raberra Fund and Rest.
**BANKERS; The Bank of England and Midland
Bank, Ltd. BRANCHES
BAD kok
प्रयो
Bombay
| Calentía
Colombe
Galle
Hongkong Bowrah
2
Kuantan
Kandy
Karachi Leta Bharu
Kuala Lipis Koala Lumpur
Kuala Tranggana Madras New York Penang Hangoon Shanghai
Bimi
"HONG KONG BRANCH: Every description of Banking and Exchungs brudzone jeunmoted."-
STRUSTEE (AND EXECUTORSEIT
BLOWN UNDERTAKEN
DA CURRENT ACCOUNTS Opened in Loral Oste PROF. 253 FORD DEPOSITS modíval in Lomi Camsay ★TTERLING De Larma thak (may be martalived o sprostion
Canton
London
Singapore
Chefoo
Lyons
Sourabaya
Colombo
Malacca Sungel
Further liquidation was Induced by large
Dairen
Manila
Foochow
Muar
Elaiphong
Bankow
Previous close, 121.46; Today's close,
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
High Low
10.12
- 9.91
22.50
21.40
824
Prev. Today's Close Close Change 9.91 9.98 .01 up 22.30 21.70 .66. off 701 82) 7648 4 off
H
62) 584 821 10.46
58
31 of
Close
9.97/97
10.19/12
... 10.22 N
unquoted
9.94 10.40 9.35
Opening
Closing
9.98/10.00 10.22/23
Change
01 up
unch.
45 off
9.08/08
9.25/24
9.10/14
)
...... 9.00/00
9.14/14
8.98/98
.02 up .02.01
} ..)...... 8.82/82
8.92 N
9.04b/062
8.90 N
.02. off
).... 8:67/67.
10.85
8.94/90 8.79/80
8.77/77
.05 off
8.61/61
.06 of
10.80 N
.01 up
Total sales Wednesday: 50,200 bales
22.30/30
22.30/50
21.70/70
20.20/35
20.40b/703 19.70/72
19.30/30
19.10 N
19.50b/608 unquoted
18.70b/806
.80 of .50 off ,60 off
18.85 B
18.59 N 18.37 N 18.30
mutilated' 811/81 823/821 824/82 831/832
7814
7810
834/831
7912
oa aff
Wednesday's sales:-20,575,000 bushels.
631/63+ 63/63,
59ja
601/601
621/621 021/621. 581a 597/601 57ja
4 oft 31 off 21 of
731B
CLOSEND
781A
ம்
10.40/45 10.62/62
10.44/48 10.68/70
35
9:95/98 10.22/23 .35
9.71
45 "off .40 of
Amay
Bingapore
Bateria
Hankyw