:
Spot
June
PAGE 10-HONGKONG DAILY PRES
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE 17, 1940,
On London:-
Telegraphic. Transfer. ¡(9 7/8 Bank Bills, en demand 1/9 7/8 Credits 4 months sight 1/3 1/4
On Shanghai:-
On demand
Telegraphic Transfer.
and demand ·.....
On New York:-
Bank Bills, on demand 22 1/9 Credits, 60 days sight 23 7/8.,
On Batavia:
On demand. 42 1/8
Of Paris:-
Bank Bills, on demand 1085. 'Credits 4 months sight 1180
On Saigon:-
On demand
Shanghai Exchange
Shanghal, June 17 Reuter).
Official T.T. Rates
Shanghai, June 15 (Reuter).
London
New York
Japan
India
Parts
Hongkong
Opening
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Alleghany Steel Co.
Allied Stores
Allis Chalmers
QUOTATION
(REUTER'S SERVICE)
JUNE 16, 1940.
K
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE, & CO.)
Prévious
June 18-
Closing Opening Closing Change
NEW YORK COTTON: The Senate has voted $100,000,000 for the removal of Farm surpluses. July displayed continued frriness under the strength of the Spot situation. The weekly weather fore- cast 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 liquidation was steadily absorbed by improved milling demand, but the uncertainty of war news is restricting activity,
Previous close, 122.27; Today's close.
(REUTER'S SERVICE)
Prev. Today's'. -High Low Close Close Change
·10.30 ·10.21 10,15 10.23 13 up 22.00 21.75 21.90b., 21.95 .05 up 80 80 i up
TUESDAY, JUNE 18, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charter, 1838
Reserve Funds:
Paid-Up Capital ................ ........£3,000,000 Sterlingske £8,500,000 Reserve Fund
£3,000,000
£3,000,000
H.K. Currency Reserve $10,000,000 Reserva Liability of Pre-N Reserve Liability of
Proprietors
. $90,000,000
Head Office:—HONG KONG
Board of Directors:
H. V. Wilkinson, Esq.,
ני
Ošairman. Hon. Mr. J. J. Paterson,
·Deputy Chairman. J.T. Bonafield, Eng., A. H. Compton, Esq., Hon. Mr. 9. H. Dodwell, G. Miskin, Esq.,
Hon. Mr. A. L. Shield, o
Canton Chefoo Colombo Dairen Foochon
Bankow
·Harbin. Iloilo 1pob "
prietors
***HEAD OFFICE: LONDONTE
38, Bishopsgate E... Sub-Arenolos” In London: 117/192, Leadenhall Street, E.0.2. West End Branch:"matt 14/16, Cockapur Street, S. 1. Manchester Branch: 52, Mosley Street, Manchester. 3.
AGENCIES: "AND BRANCHES!
SLARBIR PENANG HONG KONG MANGOON
ALOR STAR AMRITSAR
MANGEOT BATAVIA BOMBAY
DALCUTTA
Lorin IPOR
KARAOMI FLANGTM
AGENCIES!" XO Cute Beau
KUALA
Chief Manager FARMS Page
Rangoon Saigon San
GANTON SNE CAWNPORE CEBU S
·ZITTEPUR- KUCHING MADHAR
MANILA
COLOMBO DELEI
Francisco HAIPHONG.
HAMBURG
Singapore HANKOW
Patani Swatow (Johore) Tientsin Mukden Tokyo New York Tsingtao
Yokobama
l'eiping
Penang
· MUNAN
KEW YOLE PRIPING
(Paking)
SAIGON
VILKENBAN
SHANGHAI „BINGAPORE
BIT LAWAN
SCURABATA TAIPING AN TIEXTRIN "TONGKAN --
(Bhuket) #TRINOTKO" 2".
TOKOHAMA
FORON EXChange" and General Banking Business transacted.:"
CUREINT - ACO0usies opened and FIXED DEPOSITs received for One Year or aborter periods în Eosal or Other Carrencies at rates whick will be quoted on spplication.
SAVINGS ACCOUNTS also opened in Local Currency and Starling with CURRENT ACCOUNT opened in interest silowed at rates obtainable LOCAL CUBRINGE and Fixxo Don application.
received for one year or shorter The Bank's Head Office in London
periods in Local and other Our
rencies on terms which will be undertakes Executor and Trustee business, and claims recovery of quoted on application.
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
RA CAMIDGE
Manager
ALSO up to date SA DIPOSIT Bozza in various sizes To-L Hong Kong, 28th February, 1940.
Last Sale
STOCKS
“Lait Bale
June 15
June 15
227
Kermecott Copper............ Lakey Foundry & Maci
201
31*
$2
Libbey-Owens-Ford-
Gitası
33
281
Lockheed Aircraft ...........................
28}
365
Aluminium Ltd,
BOA
Loew's Inc.
243-
On Singapore:
Amer. Can...................
95**
Loft Incorperated
241
„On demand 0.
62.3/4
American.......Cyanamid. B.
334
Mack Truck Inc.
21†
On Japan:-
Amer, & Foreign Power ...
14
Martin, Clen L
311
NEW YORK, June 16, 1940:
On demand
90
AmerForeign $7 pf....
141
McKesson & Robbins, pí4. 32
On India:-
American Gas & Elec.
31
Monsanto Chemical
32
89 1/2
Amer. Locomotiva ....
137
Montgomery Ward
·38
SINGAPORE RUBBER
Amer, Metals Co. in
151
National Aviation.
10
·Buyers · Buyers
Amer. Radiator......
51
Nat. Dairy Products"
13.
·S POT
37-3/4 38 cts.
Amer. Rolling Mill
121
Nat, Distillers
18
"JULY-SEPT.
37 ctx
3T-1/4
Amer. 8'ting and. Ring Co.
381
National Gypsum .....
મ
OCT-DEC.
34-3/4
35 cta.
38-3/8 Up 5/8 37-1/2 Up 1/3 35-3/8 Up 6/8
K. S. Morrison, Esq.,
Amer, Sugar Refining
15
National Lead ............
174
The market was steady,
T. E. Pearce, Esq., C. C. Roberts, Esq.,
Amer. Tel, & Tel
1571
Nat, Power & Light
61..
LONDON RUBBER
Previous close
Amer. Tobacco "B"
National Steel Corp. .....
601
buyers
Today's close
buyers
Change
Sir Vandeleur M. Grayburn,
Amer. Waterworks
71
National Supply Corp.......
61
SPOT
13-13/18
Anaconda Copper
221
New York Central
11
JULY
13-3/4
On demand
108 34
Atchison, T. & 8, Fa
151
Niagara., Hudson Power
37
AUGUST
13-3/4
CLOSED
Aviation Corp.
51
N. American Aviation
171
On Manila:
Bacock & Wilcox
241"
North American Co. «......
181
OCT.-DEC.
12-7/18
Amoy
Branches: Johore
On demand
45.
JAN-MARCH
11-7/8
Bangkok Kobe
Baldwin Lecometive
161
Northern Partic pd..........*
51
On Bangkok:-
Baltimore & Ohlo
31
Owens-Blinois Glass Co.
47
Batavia Bombay
Kowloon
Kuala
149 1/2
Barber Asphalt Co.
DI
Pacific Gas & Elec
271
Calcutta
Lampu
Shangbai.
On Sterling Notes:-
London
Barnsdall ou
Pacific Lighting
38
Bank Buying Rate
1/4
4.
Bar Silver per o2
Bell Aircraft Corp.
17
Packard Motors
31
Lyons
Sourabaya
Malacca
23 7/16
Bendix Aviation
Sungai
201
Pan-Américan Airways...
133
Manila
Bethlehem Steel"
.791
Paramount Pictures
41
Muar
Bliss Co.
·181
Pennsylvania RIR.
18
Haiphong
Boeing Airplane Co.
15
| Phelps-Dodge ."
291
Borg-Warner
161
Philadelphia Read, Coal
*
Bridgeport Brass Corp.
101
Phillips Petroleum
331
Briggs Mfg.
173..
Pittsburg Coke & Iron
NEW YORK STOCKS:
Brooklyn-M'hattan Trans.
13
Public Service of NJ,
33
123.36; Change, up 1.09.
0/3-3/4
Brooklyn-Manhattan 30....
104*
Pullman Inc. ..............................
211.
6-3/4
Budd M'facturing Corp.
38
Pure Oll ....
74
23-3/8
Canadian Pacific R'way
3
Radio Corpn. of Am,
44
20-3/4
Case. J.L
50
Reading Company, Com
114*
NEW YORK COMMODITY · MARKET
2.75 25
Celanese
25
Remington Arms Co., Inc.
Chesapeake & Ohlo...... Chrysler Corpn.
35)
Republic Aviation Corp. ...
47* 5
64...
Republic Steel
177
Cmax-Molybdenum Co.
311
Revere Cop, & Brass Inc.
91
Colts Patent Fire-Arms ... Columbia Gas & Elec...... Columbia 6% "A" pt. Commercial Credit Co.
79
-Reynold Tobat. "E
35%
New York Cotton, July
5.
Richaeld Ou
**
New York Rubber, July
75*
Safeway Stores
401
Chicago Wheat, Sept.
801 791
201
Schenley Distillers
B$*
Chicago Corn, Sept.
81+ -592
་་
Com, & Southern (Ord.)
1
Sears Roebuck
697
New York Hides, Sept.
10.55
254
Shell Union Ou
4
NEW YORK COTTON
Close
Opening
Cicsing
64
Socony-Vacunum Oil
81
384
Southern Pacific
72
July..
10.15715
10.31/22
10.28/28
177
Southern Rly $5 pfd. .......
17
191
Sperry
41
{
48
Spicer Manufacturing Co.
26)
81
Standard Brands:
51
July New contract)... 10.40 October
> December (9.16/17 January W }
unquoted
10.51 n
9.29/20
9.35/35: "9.20/20
9.40440
9.31/31
9.06 N
9.11b/153
9.23
251
Stand Gas & Elec.
1
March
154
Standard On of Californila
181
May
{... >
( )....
8.93 N
8.99/99
9.08/08
16 up
14
Standard Off of NJ. ...
359
Spot
8.78/78 11.01
8.84/84
8.93/93
.15 up
·"11.11.
10 op
77
Stone & Webster ......
ན
1001
Studebaker Com
7
82
Swift International
174
NEW YORK RUBBER
201
Technicolor
10
Elec. Autolite
321
Texas Corpn.
3B
July...
Elec. Bond & Share
.44
Texes Gulf Sulphur
304
September
Elec. Bond & Share $5 pf.
497*
December
Timken-Axle
237
Elec Bond & Share $8 pf.
58**
Trans-America Co.
4.
January
Elec. Power & Light $7 pt. Fisk Rabber
241
20th Cent: Fax
44"
March
101*
20th Cent. Fox, $1! pf.......
14}"
May
12
Union Bag & Paper Corp.
114
market in London. All quotations Gen, American Trana are subject to confirmation and no Gen. Electric responsibility is assumed for errors Gen. Motors in transmission.
441
Union Carbide & Carbon
881
CHICAGO WHEAT
312
Union Pacific
75
444
United Aircraft
42
July
Gen. Rallway Signal
11
Malte Airlines Trans ......
15
"September
Chen. Tire & Rubber
112*
United Corpn. "
15
December
791/791 80/801 81/81
80/80
80/791
up
809/801 811/811
801/801
Ир
811/811
War Loan, 31% (Red
after 1952) Canton-Kloon Rly. 5% Chinese 41% Gold Loan
1898 (Brit. Issue)........ 43 Chinese 5% Oold Bonds.
1925-47
Glidden. Co.
121
United Corpn. $3 cum pf.
30.
Friday's sales:-unreceived
98% @
Goodrich (B.F.)
United Gas Corpm. naše
1
Goodrich $5 på..... Goodyear Tire & Co. Great Northern Iron Ore
50*
United Gaa. Improvemerit
11
CHICAGO CORN
14#
UB., Industrual Alcohol.
18*
14
U.B. Rubber
171
July
614/613
62/62 811/011
Off
Great Northern Rly, itd.
202
US. Rubber $8 pfd.
754*.
·43
Great Western Sugar ..............
214*
US. Steel
541
September inter December
607/601
801/611
601/001
ott
574/571
571/677
5718
off
Chin. 44% Anglo-French
Greyhound Corpm,
11+
Vanadium
33
WINNIPEG" WHEAT
Loan, 1908
44
Hercules Powder Co,
851
Vultee Aircraft
B+*
Chinese 5% Crisp Loan.
Homestake Mining
452
Walworth Co.
31
July
72jb
721/72)
1912......
17
International Harvester
191
Warner Bros. Pict.
21
October
75/75)
Chinese 5% Reorg. Loan,
1913 (Ldn. I.)
Int Nickel
24
Westinghouse Elec,
931
NEW YORK HIDES
24
Inter, Paper & Power an
134
Chinese 8% Ster. Notes,
1925 (Vickers)
Int, Tel, & Tel
Johns-Manville.
21* 52
Woodward Iron Cor. Chase National Bank National City Bank.
251
September
December
10.25/23 10.50/50
10.50/55 10.35/38 10.75/71
New York Omcial
35
NY-London Cross Rate 3.70-1/2/
•1-ex div.
Spot"
June
July
July
Sterling Opening Closing
Sellers
0/3-57/54 0/3-15/16 0/3-57/64 0/3-15/18 0/3-51/64 0/3-27/32 U.S. Dollars
$5-15/16 $6
5-15/165-31/32
5-25/32 5-27732
Market: Qulet,
Silver Duty Rate :
The Central Bank of China's
rate on London at 10 a.m. today
WR8:1/2-1/2d.
Consolidated Edison Consolidated Oll ... Continental Can.... Continental of Copperweld Steel
Corn Products
Curtiss Wright (0)
Curtiss Wright "A"
Deere & Co.
The Equalisation rate was 24 Distillers Corpn. Seagrams
per cent.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
Douglas Aircraft
Du Pont de Nemours
Eagle Picher Lead
|Baton Mfg. Co.
London, June 14. The following quotations are the middle prices at the close of the Fitkote
*
Chin. Imperial Rly. 5%
Loan .... Honen Ely 5% Hukuang Rly, 5%, 1911..
(LP. N/Y Issue) Hukuang. Rly. 5%, 1911
(German-Issue)
Lung Tsing & U.. Hari
Bly, 5% 1013
44
8'hai-N'King Rly. 5%... Tentsin-Pakow Rly. 5%
(Brit. Stpd.) Tientsin-Pakow Rly. 5% (German Btpd.) · ------- Tientsin-Pukow Rly. 6% (Brit. Stpd. Supl Loan) Tientsin-Pakow Rly. 5% (Ger, atpd. Supl, Loan) Jap. 5% Bter, Loan, 1907 33 Jap 8% Ster. Loan, 1924 37 Cler, 7% Intl Loan, 1924 Chartered Bank HK8hal Bank (Ldn
J. & Laughlin Steel 37 pfd.. 613...
1039/40
-Mobi
DOW JONES AVERAGE
June 18, 1940.
High Low Dow Jones Averages June. 14, High Low Close Change
1599 11.8430 Industrials.
35,90 29 15 20 Rails
27.70.18 03.20 Utilities
32 22 83 0640 Bonds
Total sales Friday:-29,700 bales,
802
601
off 10.33 10.25 10.35 10 up
Change
13 up
11 up
11 up
15 up
קט 18
21.90b/22.058 21.75/75 20.00/04 19.98/98 19.00/05 18.98/98
21.95/95
19.90/97
05 up .04 off 18.90b/19.00a 10 p
unquoted
-18.81
18.53 : 18.46 n
10 of 12 off .13 off
18.91 N
18.85 N
18.58 N
Total sales:340 tons.
1058b/60a unquoted $3.69-1/2
unch. unch
·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 HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1830..
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN
INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000,0o)|~
(BRANCHES ALL QUER CHINA)
THE CHASE. BANK
15, QUEEN'S ROAD, CENTRAL
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.
BAFE DEPOSIT BOXES
This Bank is entirely owned by
THI CHA NATIONAL BAYE New York, with Besourons-of onl -1.8. §3,900,000,000,
BIGGAR
"Lacond· Vice". Pria.
BANK OF EAST ASIA,
LIMITED
Pronta
Owing to our numerous Branches Authorised Capital....$10,000,000.00/ in China and connections in the Paid-Up Capital 5,508,800.00 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:-SHANGHAI
Hong Kong Branch:
4. QUEEN'S ROAD, O. South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and · other... Public Funda ölmüke Chinese Government both at Home and Abroad.
SHOU J., CHEN,
***
2,983,361.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors: SIR SHOUBO
Onów, Chairman Li Koon Chan. Req. Li Lan Seng, Eag P. K. Kwok. Zeq, Wong Chm Son, Esq. Wong Inn Tong, Esq. Kan Ting Po, ing dh Chan Ching Back, Lég.. Fang Fing Wah Laq KAN TONG Po, Esq., Chief Manager LI Tax Foxo, Esq., Manager
Ampy
Branches and Agenciesis-
Battvis- Bombay Oslonita
Manager pboeg
⠀⠀⠀INDO-CHINA
123.87 124.38 12233: 123.38 109 up
$94.87
19.74 85,22
55,67 45 59 11 Commodity Inder 63,33.
· 55.19; 24.90, 248710 up.
20.321998 20.1844 up
Business Done-660,000 shares
Fobs
Karrloom
Pasangan Bagipors Loodus Rangoon Manila, 29 Balgon Melbourne · Ben Fran
New York Beattle
Palying by Shanghai
Every description of Banking and Exchange businem traumated. Losat granted on approved securities. Yo
Current Accounts opened in Local
STEAM NAVIGATION COMPANY LTD Currency and Fixed Deposits
Operating Services for Carge and Passangers
SWATOW, SHANGHAL, TRINGTAU, CHEFOO
azið: TIENTSIN”
KOBE and OBAKA
SINGAPORE PENANG and CALCUTTA “
SANDAKAN
HAIPHONG
All steamers berth alonguide. the Roosevelt Terminal the French Concession Shanghai where passengeri and cargo are landed.
-TO-
Asso, & Elec. Industries 35/3 Austin 'Motors, ́ord.......... 11/10) Cable & Wireless, New,
Turner & Newall
D
Form, ord.
35
B.-A." Tob, (bearer)
$2/6
Mercantile Bank ....
121
5t
Cammell Laird, ord.
-5
65 United Steel ........................................
*17/6 Smethwick Drop Forg... 12/6 Armstrong Stevens, ord. 5/8") Pressed Steel, com... 11/3 Vickers, ord. ... 12/3 Woolworths
47/9.
7+
Mexican Eagle
3/11
"Angio-Dutch Fant
18
Courtaulds
..
26 2
Reg.)******
Distillers
54/8
HK & Bhat Bank (Col
Dunlop Rubber..............
T/T
Iteg}
Gen. Electric (England)
66/3.
Chinese Eng. & Mining
(bearer)
17/6
Guinness (A) Bon & Co. 80/6 Hawker Siddeley Airc...
Chosen Corporation
8/8
Bristol Aeroplane ho
9/11 10
Western Holdings .............. 7/6 Sub-Nigel
170"
For further partionlars
please apply to
Pekin Syndicate
2
Imperial Chemical Ind.
25/9-
Tanami Gold “Mining:
3d
Shat Elec, Constr. Cos.......15:
Imperial Tobacco
87/6
Anglo-Irsalan,
38/1
Union Insurance
Bhai Waterworks “A” ....... 14
Gula Kalumpong Rubber: 15/71" Atlled Ironfounders
Tate Lyle.
Marks & Sp'cer “A”
33/41
Burmanc
52/6
Rolls Royce
80
Shell Trans
Leyland Motors)
45
(bentory
52/6
RDINE!
TELEPHO
10
8/2
Nominal
Rub, Plant, Invest. Traat 23/8 Burma. Corporation..... 1/3 Commonwealth Mining Maraman Investments .... 10 Randfontein Estates *33/9
AG
ceived for one year
shorter periods in Local and Sign Our
rencies on terms bich
quoted on appl
SAFE EXPOSIT: Boxi
SKAN
THE KWANGTUNG
Cincorporated Geninal) Baakler Tanksies and STEE Prorisolal GovernIDEO)
Keið 0%:s"Khialist: Kwa „Hongking Branch-Quess:E
Dabis Adicom S
201128
PO
Agenta