PAGE. 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE 27, 1948.
On London-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months* sight 1/3 1/
On Shanghai:-
On demand
On Singapore'!---
On demand
On Japan:-
On demand
On India:-
Telegraphic
On New York:
Bank Bills, on demand 93 Credits, 80 days' sight 21 3/8
On Batavia :---
On demand .............................43.
On Paris
Bank Bills, on demand 1088 Credits 4 manthe right 1160
On Jalgon
On demand
Shanghai Exchange
Shanghal, June 27 (Reuter).·
Official' T.T. Rates
London
New York
Japan
India
Paris
Hongkong
Sterling
Sellers
nominal
24-7/8
Opening Closing 0/3-59/64 0/3-15/16 0/3-59/64 0/3-15/16 0/3-57/64 0/3-29/32
NEW YORK STOCK EXCHANGE
Bacock & Wilcox
Baldwin Lecometive Baltimore & Ohio
QUOTATION (REUTER'S SERVICE)
JUNE 27, 1940. ·
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG A
COMMODITY MARKET REVIEW
(FROM PAYNE & CO)
of 1/8
FRIDAY, JUNE 28, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 185
Reserve Funda: Sterling
£8,500,000 Reserve Fund...
Paid-Up Capital
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
£3,000,000.
89,000,000
deserve Liability of "«
Proprietors
..$20,000,000/
pristors ·......
£3,000,000
HEAD." OFFICE; LONDON:
Head Office:-HONG KONG
Board of Directora: H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
J. K. Bousfeld, Eng., A. H. Compton, Esq., Hon. Mr. B. H. Dodwell, G. Miskin, Esq.,
K. 8. Morrison, Esq.,
T. E. Pearce, Esq.,
C. C. Roberts, Esq..
Hon. Mr. A. L Shield
38, Bishopagate E.0.2." Sub-Agencles In Londen: 117/122, Leadenhall Street, E.Ga West End Branch: 14/16, Cockspur Street, B.W.1 Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
ALOR STAR AMRITHAR
Chief Manager. Cure S
Branche:
Johore Rangoon
Saigon
Francisco
unch.
up 1/8
Amoy
Bangkok Koba
Batavia
Kowloon San
Bombay
Kuala
Calcutta
Lumpur Shanghai
Cantön
London Singapore
Chefoo
Lyonk
►
Colombo "Malacca Sungei
Dairen.
Manila
NEW YORK COTTON: July position is firm under the strength of the Spot situation. Further tightening of old crops is indicated
NEW YORK RUBBER: There was heavy short covering on the uncertainty with regard to Far Eastern developments.
CHICAGO WHEAT: Hedging was light, reports of rust damage from the Spring areas continuing.
NEW YORK STOCKS: Previous close, 121.05; Today's close. 119.73; Change, off 1.32.
NEW YORK COMMODITY MARKET
Prey. Today's
High Low Close Close Change 10.28 10.06 20.07 10.46 19 up.
21.51 21.60 .09 up.
781 781
21.85 21.80
781 .773
591 584 10.28 9.90
59
59
up off
10.16 10.25 .09 up Change
19 up
Sourabaya
Patani Poochow Muay
Swatow Haiphong "(Jobore) Tientsin Boatow Mukden Tokyo Harbo New York Tringtao Iloilo Peiping Yokohama
Pebang Ipoh
PESANO
HARBIN HONG KONG MANGOON ILOILO
BAIGON
SEREMBAN
GÁI GI
WINGAPORE BETFAWADE
BANGTOK
BATAVIA
BOMBAY
CALCUTTA
KARACHI KLANG
AGENCIES: KO
KUALA
SOURARAYA
LUMFUN
TAIPING
KUCHING
TIENTSIM
TONGKLI
(Bhuket)
TEINITAO
PAINLIN PLACH
GAMİON
ОДИ УРОЖА
J. $280
COLOMBO
DALHI HAIPHONG BAMBU BO HANKOW
MADRAS MANILA
MIDAN NIW TORE PRIPING
(Peking)
TOKOHAMA
FOREIGN EXCHANds and Generať Banking Business transacted. ···
CURRENT ACcomes opened and FIXED DEPOSITS received for Ond Year or shorter periods in Lossi of Other Currennies at rates (whiche will be quoted on application.
Savings Accounts also opened in interest allowed at raten obtainabla Local Currency and Sterling with on application.
CURRENT ACCOURTE opened in LOCAL GURREKOY and Fixed Durosh received for one year of noorter periods in Local and other Our rencies on terms which will be undertakes Executor and Trustes. | business, and claima: recovery of quoted on application.
Atao up to date Sary Darosir
Boxes in various sizes To Lam. Hong Kong, 28th February, 1940.
STOCKS
Last Sale')
STOCKS
Last Sale
June 28
Adams Express kriyannesson Alleghany Steel Co.
51
Kennecott Copper
203
Lakey Foundry & Mac. ...
June 20 251 3*
Allied StoreJ
54
| Libbey-Owens-Ford-
Glass 321
Allis Chalmers
201
Lockheed Aircraft
23]
Aluminium Ltd.
55
Loew's Inc..
231
370
Amer. Can be
Bd
oft Incorporated.
231
BR 3/4
American Cyanamid B......
314
| Mack Truck Inc.
20
Amer. & Foreign Power...
14.
| Martin, Glen L
275
...... 87
Amer & Foreign $7 pf.
NEW YORK, June 26, 1940."
151
McKesson & Robbins, pf4. 201
June 28
American Gas & Elec.
311
Monsanto Chemical
90$
SINGAPORT RÜBEKKR
Transfer.
Amer. Locomotive
121
Montgomery Ward
371.
Previous
Close Opening Closing Change
Buyers
Buyers
82 1/2
and demand
Amer. Metals Co.
134*
National Aviation
Amer. Radiator
5+
Nat. Dairy Products
13
Amer. Rolling Mill
SPOTaungge sidran mundus mä JULY-SEPT.
36-7/8
36, cts
36 cts.
38-3/8
35-1/2
38-3/8
од 7/8 off 1/4
11
Nat, Distillers
187
OCT.-DEC.
Amer. 8ting and Ring Co.
33-5/8
38
National Gypsum
61
32-3/4 33-3/8
of 1/4
Amer, Bugar Redning
131
National Lead
161
The market was quiet. LONDON RUBBER
4mer. Tel. & Tel.
1561
Nat, Power & Light
71"
Previons close Today's close
H
Amer, Tobacco "B"
buyer's
781
National Steel Corp.
buyers
551.
SPOT
13-3/8
13-1/4
Amer. Waterworks
81
National Supply Corp.
51
JULY
13-3/8
*****
Apaconda Copper
201
New York Central
11}
13-1/4
Change off 1/8 of 1/8
Sir Vandeleur M. Grayburn,
"AUGUST
Atchison, T. & §; se
15)
Niagara Hudson Power".
Kete
42
12-7/8
108 34 Aviation Corp. .....
OCT.-DEC.
11-7/8
11-7/8
4%
| N. American Aviation
16
JAN.-MARCH
11-1/8
On Manila:-
233
North American Co.
181
11-1/4
The market was quiet.
On demand
48
147
Northern Pacific
52
On Bangkok
33
Owens-linols Glass Co. ...
46
On demand ...
****** 149 1/9
Barber Asphalt Co.
99
Pacific Gas & Elec
20
On Sterling Notes:-
Barnsdall Ou
Pacific Lighting
38
Bank Buying Rata... 1/3 1/4
Bell Aircraft Corp. sal... 143
Packard Motors
31
Bar, Süver per oa. .....
21 1/4
Bendix Aviation
2'7
Pan-American Airways
13)
Bethleber Steel.
721
Paramount Pictures
3
Bliss & Co.
131
Pennsylvania R.R
181
Boeing Airplane Co.
13+1
Phelps-Dodge
271
Borg-Warner
15
Philadelphia Read, Coal
$
Bridgeport Brass. Corp.
B2
Phillips. Petroleum
"311
Opening
0/3-3/4
Briggs Mfg.
161
Pittsburg Coke & Iron
61*
Brooklyn-M'hattan
Trans.
10A
Public Service of NI
341
(REUTER'S SERVICE)
5-3/4 21-3/4
Budd M'facturing Corp.
24
Pullman Inc.
· 201
20-3/4 5
Canadian Pacific R'way ...
27
Pure Oll
Case, J.I.
461*
Radio Corpn. of Am.
41.
New York Cotton, July
Celanese...
25
Reading Company,
Com
11
Chesapeake & Ohto
351
Remington Arms Co., Inc.
44.
Chrysler Corgin.
601
Republic Aviation Corp.
41
Climax-Molybdenum Co. -
21
Republic Steel
-161
Colts Patent Fire-Arms
15
Revere Cop & Brass Inc..
伊
Spot
Columbia Gag. & Even
53
Reynold Tobac: "B"
361
New York Rubber, July Chicago Wheat, Sept. Chicago Corn, Sept New York Hides, Sept. NEW YORK COTTON July
Close
10:07/08
June
Columbia 6% "A" DI.
80
Richfeld Ou
July (New contract)
10.30 N
July
Commercial Credit Co.
28
Safeway Stores
41
October
}
9.12/13
U.S. Dollars
Com, & Bouthern (@rd.)
15
Schenley Distillers
8
December ( }
8.98/90.
Opening 10:06/08 10.28/27 9.10/10 8.94/94
Closing 10.26/27
10.49Ti
.19 up
9.18/20
.06 up
9.06/06.
.10 up
Spot
$8-1/8 $6-5/32
Consalidated Edison
27
Sears, Roebuck
71
January ( }
8.85 N
8.83/83
8.960
11 up
June
6-1/8
Consolidated O
61
Shell Union Oil
8+
March
{...}
8.68/70
8.66/66
8.80/80
July
6-1/32
6-1/16
Continental Can
394
Socony-Yaeunum. Onl
81
May
( >
8.53/53
8.52/52
Continental Ou
171
Southern Pacific
.77
Spot
10.82 N
8.54n
10.96n
.11 up
.14 up
18
Southern Rly $5 pfð.
171
48-
Sperry
361
NEW YORK RUBBER
+
|Spicer "Manufacturing Co.
25}"
July
Curtiss Wright "A"
233
Standard · Branda
57
September
21.00b/55a 21.60/60 19.00/18.95 19:25/25
.09 up
35 up
Deere & Co.
151
Stand Gas & Elec.
December
17.80/78 18.00/00
.45 up
Distillers Corpn. Seagrams
14
Standard Oll of California
183
January
unquoted 17.70n
*.40. up
Douglas Aircraft
67
Standard On of NJ. .........
331
March
17,356
.40 up
Du Font de Nemours......
1581
Stone & Webster
8.
May
17.280
40 up
Eagle Plcher Lead
8+
Studebaker Com.
64
Hong.
Eaton Mfg. Co.
294
Swift Internationał
177
CHICAGO WHEAT
Elec. Autolite
30+
Technicolor
9**
July
TTI/78
77/77
781/78
up
Elec. Bond & Share
57.
Texas Corpn.
90
September
781/781 771/773
782/784
1 up
Elec. Bond & Share $5 pf:
534′′
Texes Gulf Sulphur
30%
«December
791/791 781/781
799/791
1 up
Elec Bond & Share $6 pt.
64
Franken-Axle
224.
Elec, Power & Light $7 pf. Fisk Rubber
281
Trans-America Co.
*10*
20th Cent. Fox.
Br
July
811/817
61/611
phatkate
124
20th Cent. Fax, $11⁄2 pf.
151
September
*597/59
59/59
Gen. American Trans. ......
42
Union Bag & Paper Corp.
101
December
571/571
501/561
607/807 59/59 578/571
1 off
unch.
unch.
31+
Union Carbide & Carbon'
67
WINNIPEG WHEAT
Gen. Motors
40
Union Pacific:
77)
July...
71ja
712
71#a
unch.
Gen. Raliway Signal
30
United Aircraft'
331
October
73 Ea
731b
41
Gen. Tire & Rubber Glidden Co.
121
United Airlines Trans
164
December
74ja
75%a
12+
United Corpn. "
27
NEW YORK `HIDES
12
United Cörpn, $3 cum pt.
33
September
10.16/16
497'
United Gas Corp.
okt
}}}}
December ..
................. 10.35/35
10.00/00 10.25/20
.142
United Gas Improvement
11
131
U.S., Industrual Alcohol...
171
New York Official 34-3/4 NY-London Cross Rate 3.73
10.25/28 10.50/55 34-374 3.75-1/4
.0.9 up 15 up
202
U.B. Rubber
194
21
US- Rubber $8,pít.
11s Steel
507
SILVER MARKET
£
83
Vanadium
431
Vultee AircraftTM -...
381
International Harvester
374
Walworth Co.: ....
31.
Int Nickel ....
201
Warner Bros. Pict.
21
Inter: Paper & Power
121
Westinghouse Exec.
281
Ink Tel. & Tel
2
Jóbna-Manville
53
3.4 Laughlin Steel #7 pid: 57}*
Woodward Iron Cor. Chaser National Bank National City Bank
Carbid
*-ek, diy.
·
6-5/32
Market: Quiet.
Silver' Duty Bate
The Central Bank of China's
rate on London at 10 am, today
was 1/2-1/2.j
The Equalisation rate was 12 per cent...
Calcutta Exchange
Calcutta. June 26 (Reuter), TT., on Japan, 90-1/8.
India Rupee Paper
Bombay, June 28 (Reuter,. Government 31% Rupec, 85-0-0
nominal.
Copperweld Steel
Com Products
Curtiss Wright (C)
LONDON STOCK Gen. Electric.....
EXCHANGE
(REUTER'S SERVICE)
· London, June 28, The following quotations are the midale prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed før errors In transmission.
War Loan, 31% (Red
after 1952) Canton-K'loon Rly, 5% g Chinese 41% Gold Loan
1898 (B): TUJAT........ Chinese 5% Gold Bonds..
1925-47
Goodrich (BF) Goodrich 35 pf. Goodyear Tire & Co..
Great Northern Iron Ore .. Great Northern Rly, pid. Great Western Sugar: Greyhound Corp. Hercules Powder Co Homestake Mining
14"
| DOW JONES, AVERAGE"
June 27, 1940,
---High-Low-Dos- Jones- Awarages. Junė. 25, High Low Close Change
Total sales Tuesday:-2,700, bales:
21.51/51
18.90/92 17.55b/60a
17.30 N
16.05 N
16.88 N
Total sales: 2,440 tons.
Tuesday's sales:-13,341,000 bushels CHICAGO.CORN
LONDON SILVER London; June 28. (Reuter) --- Biver: Little bear covering. much odering. Business small, Market steady. In the afternoon, the market was quietly steady.
Spot, 21-1/4d,
Forward, 21-3/164.
PAR BOMBAY SILVER
ཀ
סט 12.
LONDON GOLD
London, June 28 (Reuter): Bar Gold, Fine per oz., 188/-
take 250 bars.
HONGKONG SAVINGS
BANK
The Business of the above Biak is conducted by the HONGKONG |& SHANGHAI BANKING OOR- PORATION. Rules may be obtain- ed on application. "
For the HoNGEONG & SHANGEAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Kong, 25th Feb. 1939.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK. PAID UP CAPITAL $40,000,000.
(BRANCHES ÁLL Over China) Owing to our numerous Braneber in China and connections in the principal Commercial Centres of the World, we are able to extend to our Cliente special facilities for Domestic and Foreign Banking Ber Exchange.
Hand Office:---SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices: CANTON
SWATOW SHIUCHOW
KONGMOON
TOISHAN
KINGCHOW
We also handle the imme of Bonds and other Public Fands of the Chinese Government both at Home and: Abroadzan
SHOU J. CHEN,
The Bank's Head Office in London
British Income Tax overpaid, oOD terma which may be ascertained st any of the Agencies and Branchés.
B. A. CAMIDGE,
Manager:
THE CHASE BANK -
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, FINE STEKET,
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 CHASE NATIONAL BANK, Now You with Besourom of t U.8.$2,900,000,000.
D. M. BIGGAR
Bacond Vice Pris
BANK OF EAST ASIA, LIMITED
Authorised Capital... 10,000,000.00 Paid-up Capital ... 5,598,000.Og Reserve and Undivided
Profits
3,963,881.50
Head Oncer HONG KONG No. 1d Yobux Rödd, Cöäftal.
δια
Board of Directors: πουεστ Οπον, Chairman
Li Koon Chuk, a Li Lan Sang, Ba P. K. Kwok, Hary Wong Chan Son, Laq, Wong Tan Túngi, E#Q? Has Vizly Po, eg, Chan Ching Shok, Kai Fong Ping Walk Par KAN TONG. Fo, Esa, Chief Manager L Tan Fong, Esq., Manager
Branches and Agencies:-
Bomb Colection "Kanaver" | Kalphong
Kobe
Indian Mint Silver
Chin.. 41% Anglo-French
Loan, 1908ayer.
Chinese 5% Crisp Loan."
1912
Bombay, June 28 (Reuter). Market-quiet but steady. On-
Ready. July 3 Settlement Jul 30 Settlement
62-04 62-03 62-04.
£7
Chinese 5% Reorg. Loan,
1913. (Danur £3.) (L
155,92 111.84 30 Industrials"
35.90 23 15 20 Raili
131.05 $120.74 118.07.119.78 1.3% off
25,24 25.37 24.66 96.19 .08 off"
Chinese: 8% Ster. Notes,
1925 (Vickers)
1270·1903) 20 Utilities
2241
32, 23, 27.06 40. Bonds
8879
38 67 46:59 11 Commodity Index 51.68
Chosen Corporation
Pelin Syndicate
8/8 2
S'hai Mec. Constr. Co.... 15.
S'hal Waterworks. "A"
131.
Union Insurance --*-*•****! Gula Kalimpong Rubber.· 15
15
"Allied Ironfounders......... 7/AL Asso, in Blec: Industries: 20751 Austin Motore, onda. Cable Wireless, New:
30,
Chin. Imperial Rly. 5%.
Loan
Homan Rly 5%
Hukung Rly. 6% 1911....
(LP. N/Issue) Buruang Rly 5% 1911
(German-Isque)~
Lung Teing & U. Hai Riz, 5% 1913.......... Shal-N'King Rly. 5%... Tientsin-Pukow Rly, 5%
(Brit. Btpd.), ".... Tlentin-Pukow Riy: 5%
(German atpd.):
- Tientsiá-Pukow‚Rly, 5% (Brit. 8tyd. Supl. Loan) Tertsin-Pukow Rly. 5% Tuer. Stpd. BupL, Loan) Jap. 5% Ster. Loan, 1997. Jap. 6% Stor, Loan, 1924 · 20 Ger. 7% Intl. Loan, 1924 5"
Chartered Bank .....
H.K. S'hai Bank, (Lin
HK 8'hai Bank (Col..
Iteg) Ohmese Eng. & Mining
60
(bearer)
Form, ordinire
8.-A. Tob (bearer)........... 55/7) Mercantile Bank
Courtaulda
11
Rub, Flant. Invest. Trust 20/8 Burma Corporation
Cammell Laird, ord.
4:
Mexican Eagle
2/71
21
| Commonwealth ⠀⠀ Mining- Maraman Investments ....” Randfontein” Estates.
8/101
28/3,
Western Holdings
20,0
[Sub-Nigel
15716.
For further particulars
Tanami Gold Mining / 32 Anglo-Iranian
please apply tom
Burman
-25... ***** 35/71 Tzad
Distillers
Dunlop Rubber
47
Gen. Electric (England), 5$19 Guinness (A) Bon & Co 14873- Hawker Siddeley Alrc... 8/8 Bristol Aeroplane . -7 Imperial Chemical, Ind. 19/3 Imperial Tobacco. 68/93 Marks & Spicer “A” ord.
Shell Trans, &
(bearer).
1-ex-dividend
21 50 20.98 $1.25 .06 aft 80.50 .12-off 11.90.00 88 up
• Business Done :-830,000 shares-
Rolls Royce
48/9
Leyland Motors -....
30
Tate Lyle
-36/3
43/9
TO
s 1216
Turner & Newall; United steel
Smethwick Drop Borg) 22/11/3 Armstrong Stevens, orf. 5/6. Pressed Steel, com....... .8/9 Vickers, ord.
9/9 Woolworths....... 30 15,
"Anglo-Dutch
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG"
All steamers berth alongside the Roosevelt Terminal in the French Concession" st. Shanghai, where passengers and cargo are landed."
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
INDO-CHINA
Every doté Exchang
grant
STEAM NAVIGATION COMPANY LTDceived for one
Operating Services for Cargo and Passengers
Currency Indi
periods in Boost TODO OF quoted on
KAN TONG PO
OMet Mallager
THE KWANGAUNG PRO
GF-BANK
General Baging matchen: kuid | The Provincial Gevarmungtí Wind Oftos Shinkwan, Kwangt Hoogkang Branch "““Queen's „Cable AddressON:
FIXOTA
181% #1681
BRANC
JARDINE MATHES TELEPHONE: 30JII. GENERAL
AUYANG MANLY::