Last Sale
STOCKS
Last Sale
June 15
June 16
Adams Express
57
Kennecott Copper
291.
Alleghany, Steel Co.
221
Lakey Foundry & Mac. m
31°
Allied Stores
51
Libbey-Owens-Ford
Glass-33
Allis Chalmers minds
281
Lockheed Aircraft
28
360
-Aluminium, Ltd.
604
Loew's Inc.
241
Amer. Can.....
951*
Lott Incorperated
241
....... 52 3/4
American Gyanamid B,
33
Mack Truck Inc.
211
Amer. & Foreign Power
13
Martin, Glen I. ................
311
NEW YORK, June 15, 1940.
95
Amer & Foreign $7 pt.
141
McKesson & Robbins, pt4.
22
American Gas & Elec.......
31
Monsanto Chemical
92
Amer. Locomotive
13
Montgomery Ward
38
SINGAPORE RUBBER
Amer. Metals 00,
151*
National Aviation
10
Amer, Radiator
52
Nat. Dairy Products
131
& POT
Bank Bills, on demand 22 1/2 Credits, 60 days sight 23 7/8
Amer. Rolling Mil
12
Nat, Distillers..................
18
JULY-SEPT.
Amer. Sting and Ring Co.
381
National Gypsum"
62
OCT.-DEC.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
"MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE 15. 10.
"On London:-
Telegraphic Transfer.17/- Bank Bills, en demand 1/2.7/ Credits 4 months' sight | 31/
On Shanghai:
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:-
Telegraphic Transter 12 1/2
and demand
On New York:-
เลย
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
JUNE 16, 1940.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG ·
COMMODITY ✨ MARKET
Closing Opening Closing Change
MONDAY, JUNE 17, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $80,000,000
INDIA, AUSTRALIA
AND CHINA...”
Issued & Fully Paid-Up 490,000,000 Incorporated by Royal Charter, 1858
Reserve Funds: -
Paid-Up Capital Sterling
£8,500,000 Reserve Fund
£9,000,000 ...£3,000,000
£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Raserre Liability of
priators..... Proprietors
$90,000,000
Head Office:-HONG, KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman
Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq., ** A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell, G. Miskin, Esq.,
HEAD OFFICE: LONDON:
38, Bishopsgate EC.K. Sub-Agencies In London:
}
117/122, Leadenhall Street, E.Q2
West End Branch: "
1.
14/16, Cockspur Street, B.W1 Manchester Branch;
52. Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
VALDES
PENANG HONG KONG RANGOON IKOILA
REVIEW
(FROM PAYNE & CO.)
Previous
June 15
Buyers Buyers
37-3/4
38 cta.
37 cts.
37-1/4
34-3/4
35 cta.
38-3/8 Up 5/8 37-1/2 Up 1/2 35-3/8 Up 5/8
K. S. Morrison, `Esq.,
T. E. Pearca, Esq.,
On Batavia imm
On demand
Amer. Engar Refining
15
National Lead
172
The market was steady.
249 179
Amer. Tel & Tel...
1671
Nat, Power & Light
61
On Parts:
Amer. Tobacco "B".
National Steel Corp.
60%
LONDON RUBBER
Frevious close Today's close
C. O. Roberts, Exq..
Hon. Mr. A. L. Shields,
Bank Bills, on demand 1085 Credits 4 months' sight 1160
Amer. Waterworks
71
National Supply Corp.......
01
Anaconda Copper
227
New York Central............
11
8 POT
On Saigon:
On demand
108 34
Atchison, T. & 8. Fe
154"
Niagara Hudson Power.....
31
JULY
Aviation Corp.
51
N. American Aviation
173
AUGUST
On Manila:-
Bacock & Wilcox
243
North American Co.
181
OCT.-DEC.
On demand
On Bangkok:-
On demand
45
Baldwin Lecometive
161
Northern Pacific
5+
JAN.-MARCH
Baltimore & Ohio
"31
Owens-nuncis Glass Co.
474
140 1/2
On Sterling Notes:-
Barber Asphalt Co.
01"
Pacific Gas & Elec
271
Barnsdall Ou
32
Pacific Lighting
38
Bank Buying Rate
... 1/4
Bell Aircraft Corp.
17
Packard Motors
31
Bar Silver per oz.
93 7/16
Bendix Aviation
291
Pan-American Airways
137
Bethlehem Steel
791
Paramount Pictures
41
Market Report
FROM BOZA, BROS.
Bliss & Co.
16)
Pennsylvania R.R.
13
Silver prices rose 1/16 yesterday for both deliveries, the quotations be-
Boeing Airplane Co. Borg-Warner
15.
Phelps-Dodge
291
164
Philadelphia Read. Coal
ing 23.7/16 for Ready and 21.13/16
Bridgeport Brass Corp Briggs Mig.
101
Phillips Petroleum
331
171
Pittsburg Coke & Iron...
MARKET.
closed with sellers at 23.1/16 for Douglas Aircraft".
Cash and 23 July, buyers at 3.1/8 DuPont de Nemours
for Forward, Bliver advices report Brooklyn-Manhattan $8.... ed the market as belas quiet but Budd M'facturing Corp: steady. Offers were scarce. AmeriCanadian Pacific R'way can Silver was quoted at 35 for
Spot.
The London/New York cross- Chesapeake & Ohlo rate was quoted at 4021/2. New Chrysler Corpn. York/London was quoted at 370: Climax-Molybdenum Co... 1/2.
Quiet.
-STERLING
There were sellers" at 1/2/31/32 up to September, buyers at 1/3 for any delivery.
U. S. DOLLARS
Opened with sellers at 23, buyers
bidding 23.1/4 resulting in a small
Continental of
Copperweld Steel
Corn Products
business later at 23.3/16 for Cash Curtiss Wright (C) followed by transactions at 23.1/8 Curtiss Wright. "A"
for June, 23.1/18 July and also for Deere & Co.
first half of August. The market Distillers Corpn. Seagrams
Brooklyn-M'hattan Trans..
19
Public Service of N.J.
33
NEW YORK STOCKS: 123.38; Change, up 1.09.
104.
Pullman Inc.
211
31
Pure Oil
77
3
Radio Corpn. of Am.
..44
Case, J.I Celanese
50
Reading Company,
Com
113
25
Remington Arms Co., Inc.
47.
35)
Republic Aviation Corp....
5
64
Republic Steel-
177
31
Revere Cop & Brass Inc.
91
Colts Patent Fire-Arms
79
Reynold Tobac. "B"
35%
New York Cotton, July
Columbia Gas & Fec."'. Columbia 6% "A" på. ...... Commercial Gredit Oc..... Com, & Southern (Ord.).... Conselldated Edison Consolidated Oil Continental Can
5
Richfeld Onl
*
.
75*
Safeway Stores
401
New York Rubber. July Chicago Wheat, Sept.
297
Schenley Distillers
***
Chicago Corn, Sept.
1
Sears Roebuck
691
25) Shell Union Qu
New York Hides, Sept.
NEW YORK COTTON
61
Socony-Vacunum Oll
81
382
Southern Pacific
77
July
177
Southern Rly $5 pfd.
17
191
Sperry
41
48
Spicer Manufacturing Co. 201
T
July (New contract)... 10.40 N October December ( }
01
Standard Brands
51
January
(
"
25
Stand Gas & Elec.
11
March
15
Standard Off of California
18
May
14
Standard O of NJ.
352
Spot
Stone & Webster
6
1601
Studebaker Com.
London,
0/3-3/4
5-3/4
for Cash and 23.1/16 first half of Eagle Picher Lead August.
"SHANGHAI DOLLARS
with sellers at 378. Opened Subsequently the rate dropped to 374. At the close business was done at 379. There were sellers at 370.
SHANGHAI MARKET
Eaton Mfg. Co. Elec. Autolite Elec. Band & Share Elec. Bond & Share $5 pi. mec. Bond & Share $6 pt, Elec. Power & Light 37 pf. Fisk Rabber Klinghote
Gen. Motors
Sterilag opened with sellers at Gen, American Trans. 3.15/16 and then steadied up to Gen... Electric 4d. At the close the market was easier at 3.29/32 sellers for Cash. US Dollars opened with sellers at 63/32 and closed easier with-sel- lern at 6.1/32.
Shanghai Exchange
Shanghal, June 15 (Reuter).
Official T.T. Bates
Opening 8bangta, June 15 (Reuter).
New York .............
84..
Swift International..
.173
NEW YORK RUBBER
291
Technicolor
10
-324 41
Texas.. Corpn.
387
July
Texes Gulf Sulphur
301
September
491*.
Timken-Axle
23.
December
581*
Frans-America Co.
4
January
241
20th Cent. Foz
41
March
101
20th Cent. Fox, 311 px.
143*
May
- 12
Union Bag & Paper Corp.
11
Total sales:-340 tons.
447
Union Carbide & Carbon
681
317
Union Pacific
75
CHICAGO, WHEAT
United Aircraft
42
Gen. Railway Signal Gen. Tire & Rubber Glidden Co. Goodrich (BF) Goodrich $5 pt. Goodyear Tire & Co. Great Northern Iron Ore. Great Northern Rly, pfd, Great Western Bugar Greyhound "Corpn.
July
111
United Airlines Trans
15
September
113-
United Corpn.
14
December
121
United Corpn. $3 cum pf.
30
* 114
Friday's sales-unreceived
United Gas Compa
50"
United Gas Improvement
11
CHICAGO CORN
14
US. Industrual Alcohol...
18"
14.
U.A. Rubber
171
July
201
US. Rubber sa pfd.
751'
September.
214*
UB. Steel
541
December
111
Vanadium
-33
WINNIPEG WHEAT
Hercules Powder Co.
85+
Vultee Aircraft
81*
Homestake Mining
453
Walworth Co.
31
July
International Harvester
391
Warner Bros. Pict
24
October
Int Nickel
24
Japan
23-3/8
Westinghouse Elec.
931
Inter. Paper & Power
13+
NEW YORK: HIDES
Iridia
20-3/4
Woodward Iron Cor.is qo's
254
Paris
2.76
Int. Tel, & Tel......... Johns-Manville
21.
Chase National Bank
September
52.
events
Hongkong
25
National City Bank
December
3. & Laughlin Steel $7 pfd.
811
New York Ometal
Sterling
NY-London Cross Rate 3.70-1/2
*bid
1-ex div.
Spot
June July
Spot
June
July
Opening Closing
Sellera
0/3-15/16 0/3-29/32 0/3-15/18 0/3-29/32 0/3-27/32 0/3-13/16
U.S. Dollars
$6-3/32 $8-1/32
6-1/160 5-29/32 5-7/8
Market:-Inclined to be easy.
Silver Duty Rate
The Central Bank of China's
rate on London at 19 a.m. today.
'was 1/2-1/2d.
1039/40
DOW JONES AVERAGE
June 16, 1940,"
Fligh Low Dow Jones Averages. Jima. 14, High Low Close Change
165,89 111.84 30 Industrials
36.90 15 20 Rails
855.1 19 up
53.31
129.27
124.38 122.33 121.36-100 mp
24.87
97.70 18 03. 20 Utilities
19.74
25.19 94.90 94 97 10 up. 20.33 19.96. 10.18
99.22 8306 40 Bonda
35.52
65.87 45.59 11 Commodity Inder 53.33
TIENTSIN SILVER SETTLEMENT
Commenting on the settlement
The Equalisation rate was 241 of the silver question per cent.
Calcutta Exchange
Calcutta, June 15 (Reuter). T.T. on Japan, 96-1/4.
SILVER MARKET
BOMBAY SILVER
Bombay, June 15 Reuter).
Business Done - 560,000 shares
MEDITERRANEAN TRADE CONTROL' LONDON, June 16 (Reuteri--" between The Board of Trade has made an Great Britain and Japan, the order for the control of exports National Times, in a leaderette, to the Mediterranean area.. stated that it should not be inter- The Board's licences will be re- preted to mean that Britain has quired for exports to Bulgaria, Hungary, Lichtenstein. reached an understanding with Greece, Japan on the Far Eastern situa-Rumania, Switzerland, Yugoslavia tion.
And the Black Bea ports of Soviet
·Russia.
It merely indicates that Britain'
This will mean a stricter control 13 taking less interest in the rur East in view of her preoccupation of exports to those areas.
It is pointed out that this must
Market Qulet but steady. On Europe. It is poemature to say not be taken as a decision to dis-
take 200 bars.
Indian Mint Silver
62-15
62-15
62-15
Ready July 2 Bettlement July 30 Bettlement.
that she has changed her policy continue the trade with those regarding this part of the world."
The Lin Pao says that 8 settle-
areas. ment of the Tientsin silver ques- have no serious effect upon China's tion was not unexpected. It will war of resistance.
NEW YORK COTTON: The Senate has voted $100,000,000 for the removal of Farm surpluses. July displayed continued firmness. under the strength of the Spot situation. The weekly weather fore east is favourable.
NEW YORK RUBBER: The market is awaiting more definite developments with regard to European and Far Eastern situation.
CHICAGO WHEAT: Local selling and scattered Hquidation' was steadily absorbed by Improved milling demand, but the uncertainty of war news is restricting activity,
Previous close, 122,27; Today's close,
.10 off .12 of
Bankow
COLOMBO
DELHI
Francisco HAIPHONG
Dairen
Muar Haiphong (Johore) Tientsin
Mukden Tokyo Harbin New York Tsingtaa
"Peiping Yokohama
Penang
HAMBURA HANKOWA
MANILA
MERILAI
ΔΕΝ ΤΟΥΣ
PKIPING
(Peking)
THINGTAO. YOKOHAMA
FOREIGN EXCHANGE and General Banking Business" transacted.
CURRENT A0002 opened and FIXED DEPOSITs received for One Year or shorter periods in Losal or Other Currencies; at » rates which will be quoted on application.
"Savings Accouurs also opened in Local Currency and Sterling with opened in interest allowed at rates obtainable LOCAL CURRENCY And Fix Derosion application,
received for one year or shorter:
periods in Local and other Cur.The Bank's Head Office in London rencies on terms which will be undertakes Executor and Trustee of business, and claims recovery quoted on application.
AL80 up to date SA DEPOSIT British Income Tax overpaid, on terms which may be ascertained at Box.in various sizes To L Hong Kong. 28th February. 1940. any of the Agencies and Branches....
RA. 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 HoxGKONG & SHÁNGEAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 23th Feb., 1839.
Specially Chartered by THE NATIONAL GOVERNMEN OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000..
THE CHASE" BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE: 718, PIN STREET,"
NEW YORK.
An American Bank odering 60m
plete Foreign Banking Servios in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THA
BAXE, GEA NATIONAL New York, with Busomivie of Ori U.S.$2,000,000,000,
D. M. BIGGAR,
#scons Fior Prin
BANK OF EAST ASIA,
**LIMITED
Owing to our numerous Branche: Authorised Capital......$10,000,000.DG in China and connections in the Paid-Up Capital 5,898,000.00 principal Commercial Centres of Reserve and Undivided the World, we are able to extend
to our Clients special facilities for Domestic and Foreign Banking and Exchange...
Head Office:--SHANGHAT
Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Officer:
CANTON
KONGMOON TOISHAN... KINGCHOW
We also handle the issue of Bonde and other Public Funds of the Chinese Government both at Home and Abroad.
·G!
Profita
12,983, 201.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
312 SHOTSON CHow, "Chairman LI Koon Chan, Esq. Li Lan Sang, Eag P. L. Kwok, Esq.-
Wong Tun Tong, Esq. Kan King Poa, Bag, Chan Ching Bhak, Kaq. Fung Ping Wah lag KAN, TONG Po, Esaj Chief Manager Li Ta Fong, Esq., "Manager
Andy
Balaria Bombay
Branches and Agencies:-
Eovibos
Loudon
Dr Singapore
Cloutta Melbourne Bed Frame Sydney Manager Euphony
Henkow Hanoisis
abe
INDO-CHINA
New York Beattie
Burung -Pulpic
OUTER
Every description of Banking and Exchange business transected. Lomas granted on approved securities.
Current Accounts opened in Local
STEAM. NAVIGATION COMPANY LTD. Currency and Fixed Deposita e-
Operating Services for Cargo and Passengers
TO
SWATOW, SHANGHAL TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OBAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in.. the French Concession at ---Shanghai, where passengern
and cargo are landed.
For further particulars
plosse apply to
JARDINE MATHESON C TELEPHONE ZOJIL GENERAL MAN
ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
BAYE DebEET Boxes To Lax
KAN TONG PO,
Ohisj Manager...
THE KWANG TUNG PROVINCIAL BANK
(Lacorporated in'rnini?" General Banking Facilitlis nad Pisanposal égents to The Provincial Government of Kwangtang
Head Off-Shinkwan, Kuangtang Province" Hongkong Branch-Cann'á Bldg: 5 (puter Rd, Oshin Address=“PROVINCIALS BON, MAKA Men Telephones:
20112, 2011, 20143, 20181, 31881. BRANCHES THROUGHOUT SOUTH CHINA "Correspondents in Now Terle Had London – Pald Up Capital 22 N$10,660,668.
„AUYANG MANLY.
buyers
13-13/16
13-3/4
13-3/4
CLOSED
12-7/16
11-7/8
buyers
Foochow
Change
Sir Vandeleur M. Grayburn,
Amoy
Branches: Johare
CA WNPORN
Bangkel
Kobe
Batavia
Kowloon
Rangoon Saigon San
ска
Bombay
Kuzla
Calcutta
Lathpur Shanghai
Canton Chefoo
London
Singapore
Lyons
Sourabaya
Colombu
Malacca
Sungai
Manila
Patani Swałow
Chief Manager. T STAT KUALA
PATULIN PAON
GANTON
ALOX STAK AMBITBAN
LAXOXOK
BAIGON
BATAVIA
BERENDAN
BOMBAY
CALOUTTA
KARACHI KLANG
SHANGHAI
SİNGAPORN
AGINGLES: O
SITIAWAN
BOUR RAYA
LUMPUR
TAIPING
KUCHING
TIENTSIX
MADRAS
TONGKAX
(Bhuket)
Iloilo
Ipoh
Сонвакт
ACCOUNTE
-
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Prez. Today's Low High
Close Close Change 10.30 10.21 10.15 10.28 22.00 21.75 21.90b 21.95
קט, 13.
.05 up
80%.
80 79%
80+
7 up
611 591 10,55
604
80%
1 off
10.25 10.33
10.35
10 up
Close
- Opening
Closing
Change
... 10.15/15
10.21/22
10.29/28
13 up
unquoted
10.51 n
11 up
9.29/29"
...0.18/17
9.35/35 9.20/20
9.40/40
.11 up
9.31/31
.15 up.
9.08 N
9.11b/15a
9.22 11
16 up
8.93 N
8.99/99
9.08/08
15 up
8.78/78
8.84/84
8.93/93
.15 up
11.01.
11.11
10 up
$6688866.
Total sales Friday:-29.700 bales.
21.95/95 21.00b/22.05a 21.75/75
20.09/04
19.98/98
19.00/05
18.98/98.
.05 up 19.96/97
.04 off 18.90b/19.00 10 off
BANK OF CHINA
18.91 N
18.81 unqubted
18.65 N
18.58 N
18.53 n -13.48 n
..12 ofi
(BRANCHES ALL OVER CHINA)
79/791 80/801..
81/81
80/80
80/791
1: up
801/201
801/801
up
-811/811
811/811
up
6177611
62/62
61/612
off
~71
601/801
604/611
6047601
1 off
571/573
-577/57%
57/a
off
721b
723/72
75/751
unch. unch.
SWATOW
SHIUCHOW
10.25/28 10.50/55 10.50/50 10.75/71. 35
10,35/38 10.58b/60a unquoted 3.69-1/2
10 up
.06 up
SHOU J. CHEN,