STOCKS
June 17
Last Sale June 17
Adams Express
51
281
Alleghany Steel Co.
| Lakey Foundry & Mac.
3+
Abled Stores ...................... 5
Glasa
33
Allis Chalmers
M
Lockheed Aircraft
27+
Aluminium Ltd,
32
Loew's Inc. .....
2431
Ahier. Can
07
Loft Incorperated
25
American Cyanamid B
331
Mack Truck Inc.
201
War Loan, 34% (Red
after 1952)
951
Amer. & Foreign Power
11
Martin, Glen L.
292
Canton-Kloon "Rly, 6%
8.
· NEW YORK, June 17: 1940.
Amer& Foreign $7 pf.
151"
McKesson & Robbins, pl4. 21
Chinese 41% Gold Loan
Atherican Gas & Elec.
311
Monsanto Chemical
92
1893 (Brit. Issuej
43
Amer. Locomotive
13
Montgomery Ward
382"
Chinese 5% Gold Bonds,
SINGAPORE RUBBER
Aber. Metals Co.
15
National Aviation
101
1925-47
43
******
Aher. Radiator
51
Nat.. Dairy Products
132
Chin. 44% Anglo-French
SPOT
Ather Rolling Mill
11
Nat, Distillers .....
18
Loan, 1908
44
JULY-SEPT.
Affier. Sting and Ring Ce-381-
National Gypsum-
81
Chinese 5% Orisp Loan,
„OCT-DEC_
Amer. Sugar Refining
13)
|National Lead
17
1912
17
Atser. Tel. & Tel.
.1551
Nat, Power & Light
7
Chinese 5 Reorg. Loan.
Amer. Tobacco "B"
74
National Steel Corp.
59
1913 (Ldn. Is.)
"24
Amer. Waterworks
8
National Supply Corp.
6
Chinese 8% Ster. Notes.
SPOT
Anaconda Copper
213
New York Central
11
1925 (Vickers)
Atchison, T. & 8, Fe.
153
Niagara Hudson Power-
4
Chi. Imperial Rly. 5%
JULY
Aviation Corp. ...... Bacock & Wilcox Baldwin Lecometive Baltimore & Ohio Barber Asphalt Co.
$1
N. American Aviation
174
Loan
231.
North American Co.
181
Honan Rly. 5%
២.
AUGUST
151
Northern Paciic
51
********
33
Owens-linols Glass Co.
46
.10
Pacific Gas & Elec
271"
Barnsdall Ol..............
B
|Paclic Lighting
38
German Issue)
Bell Aircraft Corp.
14
Packard Motors
31
Bendix Aviation
281
Pan-American Airways
142
Bethlehem Steel
Paramount Pictures
51
Bliss Co.
151
Pennsylvania R.R.
171
Boeing. Airplane Co.
141
Phelps-Dodge ·
29
Hukuang Rly. 5%, 1811...
(LP. N/Y Issue)
Hukuang Rly. 5%. 1911
Lung Tsing & U. Hai
Rly. 5% 1913
Bhai-N'King Rly. 5%
Tientsin-Pukow Riy. 5%
(Brit. Stpd.)
OCT.-DEC.
JAN.-MARCH-
2
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S 'SERVICE)
JUNE 18, 1940.
Last Sale |
STOCKS
Kennecott Copper....
Libbey-Owens-Ford
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, June 17.
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:
£
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Previous" June. 17
Closing Opening Closing Change
Buyers Buyers 38-3/8-38-3/8
38-1/4 off 1/8 37-1/2-37-3/8.... of 1/8 -35-3/8-35-3/8 33-1/8 06-1/4
WEDNESDAY, JUNE 19, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINAWY
Authorised Capital $50,000,000
Sterling
Reserve Liability of
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1859
Reserve Funds:
Paid-Up Capital ........
£3,000,000 26,500,000 Reserve Fundazhe
..£3,000,000
Proprietors.......................
$20,000,000
pristora
...£3,000,000
HEAD OFFICE: LONDON:
Head Office: HONG KONG
اچر
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Daputy Chairman.
J. K. Bousfield, Esq., A. E. Compton, Esq., Hon. Mr. 8. H. Dodwell, G. Miskia, Esq.,
K. S. Morrison. Esq.,
T. E. Pearce, Esq.,
C. C. Roberta, Esq., Hon. Mr. A. L Shield,
Fir Fandeleur M. Graybura,
"Chief Manager.
33, Bishopagate E.C.3. Sub-Agencies In London; 117/129, Leadenhall Street, E.C.
West End Branch: 14/16, Cockapur Street, B. W 1 Manchester Branch:
52, Mastey Street, Manchester, 2. AGENCIES AND BRANCHES:
CALCUTTA
KARACHI
: KLANO
ALOR STAR AMRITSAR
BANGKOK
HARBIY HONG KONG ILOILO
PENANG
BANGQOR
BAIGON
BATAVIA
IPOH "
BERKUHAN.
BOMBAY
SHANGHAI
BINGAPORE
BITIAWAN +
KOURABAYA
TAIPING
TIENTEIN
TONGEAM
(Bhaket)
DELHI
TRINGTAO
AGENCIES: KOE Dari S
"PAIKLIN PENG KUALA
CANTON
LUMPUR
་
Amoy
Branches: Johore
Bangkok Kobe
Rangoon. Saigon
CAWNPORE
CEBU COLOMBO
KUCKING
MÁRBAR
MANILA
Batavia Kowloon
San
Bombay
Kuala
Francisco BAIPHONG
Canton * London
Chefoo
Lyons
Colombo
Malacca :. Sungai
Manila
Foochow, Muar
Patani Swatow
37-1/2
The market was quiet but steady.
LONDON RUBBER
buyers
Previous close Today's close
buyers
Change
13-13/16
13-3/4
13-3/4
UNRECEIVED
Borg-Warner.
101
Philadelphia Read, Coal
Tientsin-Pukow Rly. 5%
Bridgeport Brass Corp.
91
Phillips Petroleum
321
(German Styd.) .......
Briggs Mfg.
17
Pittsburg Coke & Tran
.71
Brooklyn-hättan Trans.
18)
Public Service of N.J.-.
337
Brooklyn-Manhattan $8....
Pullman Inc.
201
Tientsin-Pukow Rly, 6% · (Brit. Stpd. Supl, Loan) Tientsin-Pukow flr. 6%
9
Budd M'facturing Corp.
30
Pure Oil
7+
(Ger. Stpd. Supl. Loan)
9.
Canadian Pacifr R'way
Radio Corpn. of Am. ***
4"
Case, JI....
50
Reading Company,
Com
111
Jap. 5% Ster. Loan, 1907 32 Jap. 6% Ster. Loan, 1924 36
Celanese
25
Remington Arms Co., Inc.
47.
Ger, 1% Intl. Loan, 1924.51
Chesapeake & Ohio'
341
Republic Aviation Corp. ...
Chartered Bank
7
: Chrysler Corpn.
031
Republic Steel
171
F.K. Shal Bank (Ldn.
Climax-Molybdenum Co..
30
Revera Cop. & Brass Inc..
9
Reg.)
77
Colts Patent Fire-Arms ...
BO
Reynold Tobac. "B"
351
H.K. & Shai Bank (Col.
New York Cotton, July New York Rubber, July Chicago Wheat, Sept.
Columbia Ces & Mec, mit
52
Bichfield Of
7
Reg)
80
Chicago Corn, dept.
Columbia 6% "A" på....... Commercial Credit Co... Com, & Bouthern"(@rd.).
751
Safeway Stores
392
Chinese Eng. & Mining
29
Schenley Distillers
"BL
. (bearer)
17/6
New York Hides, Sept. NEW YORK COTTON
11
Sears Roebuck
801
Chosen Corporation ...... 8/6
Consolidated 'Edison
Consolidated Off
Continental Can.
26*
Shell Union Oil
Pekin Syndicate ...........
2
July
*1
Socony-Vacunum Oil
81
S'hat. Mec. Constr. Co.
15
39
Southern Pacific
77
S'hai Waterworks. "A"
14
Continental ou
171
Bouthern Rly $5 pfd,
171
Untoh Insurance ........... 25
July (New contract)... 10.51 N October ( -) ... 8.40/40 December (...) .......... 9.31/31
Copperweld Steel
181
Sperry
40
Gula Kalumpong Rubber 15
..: January
Com Products.
481
Spicer Manufacturing Co. 28
Allied Ironfounders ......
10
March
Curtiss Wright (C.)
7#
Standard Brands
51
Asso. & Elec. Industries
34
May
Curtiss Wright "A".
241
Stand Gas & Elec.
12
Austin Motors, ord.
10
Spot
Deere & Co......
15%
Standard Oil of California
· 181
Cable & Wireless, New
Distillers Corpn. Seagrains
14)
[Standard Ou of N.J.
361
Form, ord.
38.
Douglas Aircraft
741
Stone & Webster
71
B.-A. Tob, (bearer)
75
Du Pont de Nemours
1801
Studebaker Com
旺
Mercantile Bank
July
121
Eagle Picher Lead
Bi
Swift International
181
Cammell Laird, ord. ... 4/9
September...............................
December
Eaton Mfg. Co......
28+
Technicolor
蹬
Mexican Eagle
3
Elec. Autolite
31t
Teras Corpn.
391
Courtaulds
23/3
January
Bec. Bond & Share .....................
51
Texes Gulf Sulphur
30
Distillers
61/3
March ".....
"Elec. Bond & Share #5 pt.
51.
Timken-Arte
221
Dunlop Rubber
24/0
May
Elec Bond & Share $6 pt.
60
Trans-America Co.
44
Gen. Electric (England)
63
Total sales:-1,540 tons.
Elec. Power & Light 37 pf.
251
120th Cent, Fox
61
Guinness (A) Son & Co.
59/6
CHICAGO WHEAT-
FISK Hubber
10*
20th Cent. Fox, sił pt.
151*
Hawker Siddeley Alrc. ...
9/6
FilntEote
124.
Union Bag & Paper Corp.
101
Bristol Aeroplane...
July
8/9
Gen. American Trana.
44
Union Carbide & Carbon
67k
Imperial Chemical Ind. 24/6-
September
Gên, Electric
311
Union Pacifc
771
Imperial Tobacco
82/6
December
Gen. Motors ':.....
44
United Aircraft
391
Marks & Spicer "Aa ord. 32/3
Gén, Rallway Bignal
111
United Airlines Trans .....
181
Rolls Royce
57/6
CHICAGO COEN
Gen. Tire & Rubber
12.
United Corpo.
17
Leyland Motors........
42/8
July
Glidden Co.
Goodrich (B.F.)
12
United Corpn. $3 cum pt. 314
Tate Lyle
46/3
121
United Gas Corpn.
11
Turner & Newall.........
September
51/10/
December
Goodrich $5 pt.
472*
United Gas Improvement
11
United Steel
16/3:
Codyear Tire & Co.
151
UB.. Industrual Alcohol.
174
Smethwick Drop Forg.
12/6
WINNIPEG WHEAT
Great Northern Iron Ore ..
14
US. Rubber
211
Armstrong Stevens, ord.
5/6
July
Great Northern Rly, pfd.
201
US, Rubber $3 pfd,
81
Pressed Steel com...
11/3
October
Great Western Bugar
211
UB. Steel
534
Vickers, ord,
11/9
NEW YORK HIDES
Greyhound Corpn,
11
Variadium
321
Woolworths.
46
J
Hercules Powder Co,
*85
Vultee Aircraft ...........
B*
Anglo-Dutch
18
September
Homestake Mining
Walworth Co.
31"
Rub. Plant. Invest. Trust
23/3
December
International Harvester ... 387
Warner Bros, Pict.
21
Burma Corporation ......
7
Int Nickel
23
Westinghouse Elec.
917
Inter. Paper & Power
· 13
Int, Tel. & Tel...
3
Woodward, Iron Cor. Chase National Bank
.244
Commonwealth Mining Marsman Investments Randfontein Estates
-
New York Official ..... unquoted NY-London Cross Rate 3.80-1/2
10
32/6
Johns-Manville
J. & Laughlin Steel #7 pfd. 62
National City Bank
Western Holdings ...... Sub-Nigel
7.
Burmah
165
Shell Tranë, &Trad.
• bild
tex, dis
Tanami Gold Mining Anglo-Iranian
3d
37/6
(bearer) ---Nominal
DOW JONES AVERAGE
1039/40
High Low Dow Jones Averages. June. 15, High Low Close
June 18, 1940.
Uhange
155,99 121 84 · 30 · Industriale
25.00 21 18 20 Rails
133.38 94.97
· 193.73 119.18 122,80
25.16 9424 260
58 off 07 un
7,70, 1403. 20 Utilities
20.19
33 12 8306 40 "Boada
80.31
85.87 4669 11. Commodity Index : 6331
85.25 '89.83
$28,
"LONDON METALS
EXCHANGE
London, June 17 (Reuter). Tin Standard, Cash, Middle Price, 284-5/8.
Tin, Standard, 3 months, Middle Price, 288-8/4.
Italy's entry into the war comer at a very inopportune moment so far, as the export of Chinese tea Concerned. It is reported that British and French tea merchants in Shanghai have suddenly stop- ped buying the new crop of Chr nose tou" which –Is arriving In Shanghal, Only some American and Indi agenta bought more than 100 Canes of green tea on Tuesday, it is atav
20.84 19.57 20.80
.42 up
108 off
Business Done—1,210,000, shares
SILVER MARKET
LONDON SILVER·· London, June 17 (Reuter). Süver: Little general selling, particularly, for cash. Poor sup port. --- Business smail. Market quiet." In the aftrenoon, the mar- ket was quietly steady,
Spot, 234,
Forward, 21-11/180,-
BOMBAY HILYER
Bombay, June 17 (Reuter). Market Uncertain, Offtake 200 bars.
Ready
Indian Mint Bliver
July 2 Settlement July 30, Settlement
NEW YORK COTTON: În spite of considerable selling on French pence news, the market held steady. The bulk of selling was long liquidation including some from abroad: There was a good demand on setbacks from the Trade.
NEW YORK RUBBER: July shorts were the chief buyers. The. market is otherwise featureless.
(REUTER'S SERVICE)
Prev. Today's High Low Close Close Change 10.28. 18.06.22 off 21.80 15 off 772. off 5911) da 16 off Changờ :
22 01 .25 o
LONDON GOLD
London, June 17 (Reuter) Bar Gold. Fine per oz., 168.
INDO-CHINA
INDO
STEAM NAVIGATION COMPANY LTD:
Operating Services for Cargo and Passengers
TO
SWATOW, SHANGHAL TSINGTAU, CHEYOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and ¡CALCUTTA
· BANDAKAN HAIPHONG
All steamers berth alongside the Roosevelt Terminai in the French Conosaiton" at Shanghai, where passengers and cargo are landed.");
For further particulars
plosso apply to
THE PHOT
Calcutta Lampu Shanghai HAMBURG
Dairen
Singapore HANKOW Bourabaya
Haiphong (Johore) Tientsin
Mukden Tokyo New York Tsingtao. Peiping Yokohama Pedang
MEDAN
NEW TORE - TOKOHAMA PRIPING
(Peking)....
FOREIGN EXCHANGE and General Banking Business transacted.
CURRANT ACCOUNT opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at raton which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.”
The Bank's Head Offics in London
CURRENT ACCOUNTS opened in | LOCAL CURRENCY and Firm Depostra received for one year or shorter periods in Local and other Gur- rencies on terms which will be undertakes Executor and Trustee quoted on application.
business, and claims recovery, af British Income Tax overpaid, on terms which may be ascertained as any of the Agencies and Branches.
R. A. CAMIDGE,
-Manager
Also up to date SAFE DEPOSIT Boxes in various sizes To Lat. Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Bules may be obtain- ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 16th Feb., 1939.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL -EXCHANGE
BANK... PAID-UP CAPITAL $40,000,000.68 (BRANCHES "ALL OVE 'CHINA) Owing to our numerous Branche 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. JAM
Head Office:-SHANGHAI Bong Kong Branch: *-4, QUEEN'S ROAD, O.
South China Offices:
CANTON
KONGMOON TOISHAN
KINGCHOW
We also handle the imus of Bond |and other: Publis Funds of the} Chinese Government both at Home and Abroad.
SHOU J. CHEN,
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STARME, 4-
NEW YORK: An American Bank offering OCD-
plate Foreign Banking Service in the principal Markets of the world. Interest Bates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by TEX CHASE NATIONAL BANE, NEW YORK, with Resources of crait - U.S.$2,900,000,000.0
D. M. BIGGAR,"
Second Tips Pri
BANK OF EAST ASIA,
. LIMITED
Authorized, Capital......$10,000,000.00 ---- 5,498,600.00 Paid-Up Capital Beserve and Undivided
Profits
2,983,267.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
T
Board of Directors: SIR SHOUSON CHоw, Chairman Li Koon Chun, Kaq. Li Lan Sang, Eag... P. K. Kwok, aze Wong Chu Bou, Esq. Wong Tan Tong, Esq. Kan for Po, Rag. Chan Ching Shok, Esq. Fang Ping Wah Beg KAN Tosa Po, Esq., Chief Manager LITE FONG, Esq., Manager
Branches and Agencies;
|4992;
Betaria
Bombay
Dalecića
Haiphong
Manager Hakow
Hepolalit Kobe
THE MERCANTILE BANK OF INDIA, LIMITED
Kowloon Poning - Singapore Loudon Bangson". Bourabaya.
Balgo
Manila -
Melbourne - Ban Fran. · Bydney
·New Lock'. Senitie
Paris
Palping!
Besserung Bangal
Every description of Banking and Exchange business transacted. Losos | granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits: re- ceived for one year or shorter periods in Local and Foreign Cur (0.43,000,000 | ranciel, on, terns, which will be
41,300.000 quoted on application
1000000
BAFE CIPOSIT Boxes To LTE KANTONG PO,
Head Office1-15, Gracechurch Street, NAGEMENT, London, E CI Antlechland Capital:50)*
Bahortbed Capital:
Paid-up Capital. sj
Homerra - Fund, and
ERB:
* The Bank of England 'and-Midland,
Ltd:
BRANCHES
Say Ohief, Manager..
„Upchatting Kuala Trogam THE KWANGTUNG PROVINCIAL.
Golomba:
Landy
Hongkong *Kuala Lipis:** Blake - Hoveds. Clue Karla Jampur dingapore
HONG KONG BRANCH: Every description of Banking
And KrahsayO
TRUSTER AND EXECUTORSHIP.
HEREUNDERTAKEN Opfer
TOMY: BALAPKID, DEPORT23 recofrad la Lövid Darrely: 2 STERLING 36 Decība : MAS- neostaload on upfloation with
ENSO
BANK STE Uzonsported in China) General Banking Ticilities and Pihamilal Agritate The Provincial desarment of Kwanghang Head Ofbos--Shinkwan, Kwangtung Province Boogkong Branch ---Quest's 'ligija Chatar MA Cable Addtwice - "PROVINCIAL, 359, 9445. Telephones
20143-2018L
12-7/18 ........./11-7/8
די
CHICAGO WHEAT: Shorts seem to be the only buying power, NEW YORK STOCKS: Previous close, 123.36; Today's close, 123.80; Change, off 56.
Bankow
Harbin
Iloilo Ipob
NEW YORK COMMODITY MÄRKET
21.00 21.95
་
74
594 .58 .....10.20 9.71 10.35 10.19
80+ 601
Close Opening 10.28/28
Closing
10.27/27
10.06/07
23 off
10.52/52
10.31 n
20 off
9.39/38
9.22/23
.18 off
9.27/26
9.09/09
(W)... 92 N > .......9.08/08. (8.93/93
11.11 Total sales Baturday:20,500 bales. NEW YORK RUBBER ·
9.19/19
8.97
9.03/02
8.83/83
25 off
8.86/87
8.69/69
.24 off
10.89 n
22 off
21.95/95 21.70/70 19.96/97 19,50/48 18.906/19.00 18.50/50
18.81 N
18.75 18.53 N
21.80/85' 19.51/55
.15 off
.45 off
.18.20b/25a
70. off
18.05 N
76 off
17.85b
.68 off
18.46 N
.68 of
17.78
2
80/791
804/801
79/781 79+/781
--778/773
21. off
777/772
23 off
81/811 80/80
784/781
21 off
Saturday's" sales:—9,228,000 bushels.
614/611 61+/61
504/671
801/001
594/59.
591/501
5720
561/56
50)/50)
off 1off 4 oft
724b
72/711
71jb
75.8
i: off 1 off
10.35/38. 10.10/10 10.38b/60a 10.30/45".
10.19/19 10.38/38 34-3/4 3.65
16 of 20 of
[SWATOW
SHIUCHOW
51/101
51/104