PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
Baldwin Lecometive
Celanese
QUOTATION
(REUTER'S SERVICE)
JUNE 28, 1940.
STOCKS
Kennecott Copper Lakey Foundry & Mac.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, June 27, 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.
Tientsin-Pukow Rly. 5%
(German Stpd.)..... Tientalri-Pukow Rly. 5% (Brit. Stpd. Supi, Loan) Tientsin-Pukow Rly. 5% (Ger, Stpd, Supl. Loan)
ཐཱལ་པ
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY, MARKET - REVIEW (FROM PAYNE & CO.)
Previous June 27
The market was quiet, but steady.
off 1/8
NEW YORK COTTON: There is no particular news and the market is a quiet affair. Spot houses bought. which buying is be- lleved to represent the lifting of hedges against sales of actual cot- ton to connections with Far Eastern interests.
NEW YORK RUBBER: A feature today was the switch from July to distant months,.
"
CHICAGO WHEAT: Rust reports falled to dispel large supply ideas. The carryover July 1, 1940 is estimated at 325,000,000 bushels. NEW YORK STOCKS: Previous close, 119.73; Today's close, 120.60; Change, up $6.
NEW YORK COMMODITY `MARKET. (REUTER'S SERVICE)
Frey. Today's
High Low Close, Close Change 10.33 10.28 10.26 10.30 .04 up... 22,00 21.65 21.60 21.65.05 up 791 77} 78 = 7711 of 594
58
59 581 i of 10.40 14.28 10.25 10.32b".07 up
Closing Change" 10.30/31 .04 up 10.54 N
.05 up ..07 up
SATURDAY, JUNE 29, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... 80,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 30,000,000 Incorporated by Royal Charter, 1881
Beserve Fundï': Sterling
Paid-Up Capital ...... £6,500,000 Reserve Fund
£5,000,000 ..........£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Reserve Liability of
Proprietori
.$20,000,000
-Head Office:HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
-Chairman, Hon. Mr. J. J. Paterson,
Deputy Chairman,
J. K. Bouield, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell,
T. E. Pearce, Esq.,
0.0. Roberts, Esq.,
prietors
HEAD OFFICE: LONDON:
38 Bishopsgate E.0.2. Sub-Agencies in Lendon:........
117/128, Leadenhall Streety Eda
West End Branch: " 14/16, Cockspar Street, 8.W1
Manchester Branch: 52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN
PINANG .HONG KONG KANGOON,
ATOR STAR AMRITSAR
BAXOXOX
BATAVIA
DOMBAY
SALOUSTA
ILOMO
POK
· KARACHI
AGENOTES: KO
Chief Manager, Cuirs Brauns *KUALA
Hon. Mr. A. I. Shields,
Sir Vandeleur M. Grayburn,
Branches;
Amoy
Johore Rangoon
Bangkok Kobe
Saigon San
Batavia Kowloon
Bombay Kuals
FAIRLIN PRACH
CANTON
SAWHPORN
CHERU
COLOMBO
| DELHI
Francisco HAIPHONG
Lumpur Shanghai.
Calcutta
Canton Chefoo
Colombo
Dairen
London Lyons
Manila
"
Foochow Muar
Bankow
Harbin
Singapore Sourabays
Malacoa Bungoi
Patani Swatow Haiphong (Johore) Tientain
Mukden Tokyo New York Tsingtao Iloilo Peiping Yokohama Ipoh Penang
CURRENT ACCOUNTS opened in LOCAL CURRAvoy and Fixed Deposits received for one year or shorter periods in Local and other, Cur. rencies on terms which will be quoted on application.
ALSO up to date SAPE DEPOSIT Box in various sizes To LET Hong Kong, 28th February, 1940,
STOCKS
Last Sale
June 27
Adams. Express
51
Alleghany Steel Co.
21]
Last Sale June 27 25+ 3*
Allied Stores
ཏུཏྟཱ །
Libbey-Owens-Ford
Class
33+
Allis Chalmers
27
Lockheed Aircraft
241.
Aluminium Ltd.
55.
Loew's Mc.
237
Amen Can.......
971
Loft Incorperated
237
American Cyanamid B
321
| Mack Truck Inc.
19**
War "Loan, 3% (Red.
after 1952)......
061
Amer, & Foreign Power
#
Martin, Glen IL
284
Canton-Hoon Rig. 5%
8
Amer & Foreign 57 pt.
15)
McKesson & Robbins, pí4.
21*
Chinese 41% Gold Loan
American Gas & Elec.
321
Monsanto Chemical
904
1898 (Brit. Taque) ...... 43
·Amer. Locomotive
121
Montgomery Ward
381
NEW YORK..June 27, 1940.
SINGAPORE RUBBER -
Chinese 5% Gold Bonds.
Amer, Metals Co. .....
National Aviationı
917
1925-47.....
Buyers
Close Opening Closing Change Buyers
43
Amer. Radiator
53
Nat. Dairy Producte
SPOT
36 cts.
13+
Chin. 41% Anglo-French
JULY-SEPT.
Amer, Rolling MUI
11
Nat. Distillers
191
Loan 1908
44
OCT.-DEC.
Amer. Sting and Ring Co.
36]
| National 'Gypsum
01
Chinese 5% Crisp Loan...
36-1/8 38-7/8 up 7/8 38-1/4 38-1/8
38-5/8 33-3/8 39-1/2 33-7/8
up 1/2
up 1/2
G. Miskin, Esq., “
K. S. Morrison, Esq.,
Amer, Sugar Refining
13
National Lead .......
17:
1912 .....
17
Amer. Tel, & Tul.
1571
Nat, Power & Light
Chinese 5% Reorg Loan,
The market was steady.
•LONDON RUBBER
Amer. Tobacco "B"
T
National Steel Corp.
58*
1913 (Ldn. Is.).
24
Amer, Waterworks
07
National 'upply Corp.
Chinese 8% Ster. Notes.
Anaconda Copper
203.
New York Central
111
1925 (Vickers)
Atchison, T. & 8. Fe
15
Niagara Hudson Power
Chin. Imperial Rly. 5%
SPOT "JULY AUGUST
.......
ANNE MIS341
Previous close Today's close buyera buyer ****** *** V* ...... ......... 13-1/4 ****** 13-1/4 orien es 12~7/8
Change
13-1/4-
unch.
13-1/4
"
12-3/4
Aviation Corp. ...
5
N. American Aviation .....
16
Loän
OCT.-DEC.
ARATAS
STAT
11-7/8
11-3/4
'Bacock & Wilcox
24
North American Co.
191
Honan Rly, 5%
12....
JAN.-MARCH
....... 11-1/4
11-1/8
141
Northern Factic
8
Hukuang Rly. 5%. 1911...
Baltimore & Ohio
Owens-Illinois Glass Co.
464
(LP. N/Y Issue)
14
Barber Asphalt Co.
F}•
Pacific Gas & Mee
291
Hakuang Rly. 5%. 1911
Barnsdall Ol
82
Pacific Lighting
38*
German Issue)
11
Bell Aircraft Corp.
143*
Packard Motors
31
Lung Tsing & U. Hai
Bendix Aviation
28
Pan-American Airways
141
Riy. 5% 1913.....
II
Bethlehem Steel
731
Paramount Pictures
8'hai-N'King Rly. 5%...
15
Bliss Co.
133
Pennsylvania. R.R.
191
Boeing Airplane Co
14
Phelps-Dodge
271
Tientsin-Pukow Rly. S
(Brit. Stpd.)
Borg-Wartier
15
Philadelphia Read, Coal
Bridgeport Brass Corp.
87
Phillips Petroleum
32
Briggs Mfg.
17
Pittsburg Coke & Iron ...
'Brooklyn-Mhattan Trans.
201
Public Service of NJ.
351
Budd M'facturing Corp.
31
Pullman Inc.
201
Canadian Paciic Rway
**
Pure Oll
7
Case, JI...
461"
Radio Corpn. of Am
41
Jap, 5% Ster. Loan, 1907
254
Reading Company.
Com
117
Jap. 6% Ster, Loan, 1924 27
Chesapeake & Ohio
36
Remington Arms Co., Inc.
40*
Ger, 7% Intl. Loan, 1924
5
Chrysler Corpn.
817
Republic Aviation Corp.
44
Uhartered Bank"
5-9/16
Climax-Molybdenum Co.
271
Republic Steel
187
H.K. & Shal Bank (Ldn.
Colts. Patent Fire-Arms
73
Revers Cop. & Erasa Inc.
Q
Reg.)
53
Columbia Gas & Elec.
&
Reynald Tobac. "B"
36
HK. & Sha! Bank (Col.
Columbia 6% "A" DI. ......
80
Richfeld Onl
7
Reg)
55
Commercial Credit Co.
28}
Safeway Stores
41
Chinese Eng. & Mining
New York Cotton, July New York Rubber, July Chicago Wheat, Sept...... Chicago Corn, Sept. New York Hides, Sept. NEW YORK COTTON July
Close
Opening
10.26/27
10.30/30
Com, & Southern (Ord.) ...
!!
Schenley Distillers
(bearer)
17/4
Consolidated Edison
271
Sears Roebuck
71
Chosen Corporation.
6/8.
July (New contract) October
10.49 N
unquoted
}
9.18/20
9.26/25
9.25/25
Consolidated Of
Bh
Shell Union Oil
B+*
Pekin Syndicate
2
December (
H
9.06/08
9.13/12
9.12/12
.08 up
Continental" Can
401
Socony-Vacunum Ol
8
Shai Elec. Constr. Co....
15.
January {
1
...... 8.90 N
9.028
9.02 N
.06 up
Continental Oll
.171
Southern Pacific
8:
S'aat Waterworks "A"
13
March
»
8.80/80
8.37/87
8.450
Copperweld steel
18
Southern Rly $5 pfd.
18
.05 up
Union Insurance
20
!
May
8.64, N
8.71/71,
8.6911
Corn Products
481
Sperty
367
Gula' Kalumpong Rubber 15
Spot
10.96 N
10.930
Curtiss Wright (C)"
7
Spicer Manufacturing Co. 254
Allied Ironfounders
7/81
Curtis Wright "A"
24
Standard Brands
'
| Asso, & Elec, Industries
27/6
·Deere & Co,
15
Stand Gas & Mec,
14
Distillers Corpn. Seagrams
141
Standard Oil of California
181
| Austin. Motors, ord........
Cable
9
21.60760
Wireless. New
September
19:25/25
21.60b/758 18.32/32
21.65/65
.05 up
19,50/60
Douglas Aircraft
611
Standard Oll of 'N.J.
331
.25 up
Form, ord.
281
December
18.00/00
18.00b/14a
.10.30/30
Du Pont de Nemours
137
Stone & Webster
81
B.-A. Tob, (bearer) ......
80/71
.30 up
-
January
17.70 N
unquoted
18.00m
Eagle Picher Lead
81
Studebaker Com,
81
Mercantile Bank
112
.30 UP
March
17:35 B
17.65n
Eaton Mfg. Co.
29.
Swift International
18
Cammell Laird, ord.
4/44
.30 up
May
17.28 N
Elec. Autolite
301
Technicolor
91.
Mexican Eagle'
17.581
.30 up
3/3
Elec. Bond & Share
Texas Corpn.
37+
Courtaulds.
23/15
Elec, Bond & Share 35 pt.
551
Texes Gulf Sulphur
31.
Total sales-750 tons; CHICAGO WHEAT **
Distillers
50
July....
781/78
Elec. Band & Share $8 pt.
04
Timken-Axle.....
221
781/781
77/77
Dunlop, Rabber
22
1. off
September
782/181
Elec. Power & Light $7 pt.
281
Trans-America Co.
41
781/701
Gen. Electric (England) 55
771/771
December
Fisk Rubber
10.
20th Cent. FOX.
791/791 791/797
Guinness (A). Son, & Co. - 47/6
· 78/78$
1 of 11 04
Tintkote.
12)
20th Cent. Fox. $1 pf.
13*
Hawker Siddeley Airc....
7
Gen. American Trans
421*
Union Bag & Paper Corp.
104
Bristol Aeroplane
7/3
Gen. Electric
307
Union Carbide & Carbon
674
July
Imperial Chemical Ind. 20/9
60%/60% 61/61
80i/801
off
September
59/59
Gen. Motors
401
Union Pacific
Imperial Tobacco
591/591
577/59
off
72/0
December
571/571
Gen. Railway Bignal
11
United Aircraft
332...
Marks &Bp'cer "A" ord. 27/6
571/571
571/571
up
WINNIPEG WHEAT
Gen. Tire & Rubber
121*
United Airlines Trans
161.
Rolls Royce.......
53/9
July
71ta
Glidden Co.
12
United Corpn.
2
Leyland Motors
71/a
unch.
35
October
734b
Goodrich (BF.)
124
United Corpn. $3 cum pt.
34
Tate Lyle
37/6
7312
December
74ła
Goodrich $5 pf.
497*
147
United Gas Corp... United Gas Improvement 11
12.
Turner & Newall
40/3
7412
NEW YORK HIDES
United Steel
13/6
Great Northern Iron Ore
137*
U.S., Industrual Alcohol.
HJ
171*
Smethwick Drop Forg....
11/3
September...
10.25/28 10.40/40
December
Great Northern Ely, pfd.
211
US. Rubber
191
Armstrong Stevens, ord
5/6
New York Official
10.50/50 34-3/4
10.82/56
Great Western Sugar .....
21.
US. Eubber $8 pfá,
774
Pressed Steel, com,
8/9
10,32b/34a 10.55/55 34-3/4
Greyhound Corpn.
11
UA. Steel
-514/:/| Vickers. ord.
10/6
Hercules.. Powder Co.
83
Vanadkam
30%
Woolworths
42/9
4.004 offered, .4.01 done.
Homestake Mining
43
Valter Aircraft
82
Anglo-Dutch
14/0
International Harvester
371
Walworth Co.
34
Rab, Plant. Invest, Trust
20
Int Nickel
21.
Warner Bros," Pict.
2+
Inter. Paper & Power
13
Westinghouse Elec,
90
Burma Corporation ........ Commonwealth
7
Mining
Int. Tel. & Tel
Woodward Iron Cor
Marsman Investments
54
41
Chase National Bank
29
National City Bank.
231
Randfontein" Estates ...va Western Holdings........ Sub-Nigel
8/10 27/6
འ
sin
157/8
Shell Trans,
& Trad
ex, div
Tanami Gold Mining Anglo-Iranian Burmah
1
34
(bearer
31/3
25/7) 30/11
Goodyear Tire & Co.
Johns-Manville-
J. & Laughlin Bteel #7 pfd. 58
*1939/40
DOW JONES AVERAGE
High Low Dow Jones Averages 156.99 111 84 30 Industrials
36,90 89.16 20 Raila
97.70 16.02 20 Utilities
* 22 83.06 40. Bonds
+9
June 28, 1940) €3 June. 28, High Low Close Change 119.73141.23 120.01-127,60--96. up 95.19 ...25.00 23.67 25,73 54 up £1.36 38.90 21.30 22.10 .75 up
·86.50
86.74.94 up 61.90 33 ap
66.87 46.59 11 Commodity Index 51.90
LONDON METALS
EXCHANGE
London, June 27 (Reuter).
Tin Standard, Cash, Middle
Price, 257-1/4
Business Done!—440,000 shares
SILVER MARKET
LONDON SILVER". London, June 21 (Reuter). Silver: Bear covering. Not much. offering Business small. Market steady. In the afternoon,
Tin, Standard, 3 months, Middle market was quietly steady.. Price, 280-5/8
RESERVE BANK OF
Spot; 21-11/18d.
Forward. 1-1/24/
م
Total sales Wednesday:-21,400 bales. NEW YORK RUBBER July
Wednesday's sales:-14,856,000 bushels. CHICAGO CORN
NY-London Cross Rate 3.75-1/4
LONDON GOLD
London, June 27 (Reuter). Bar Gold, Fine per oz., 169/-
-Nominal
¿-ex-dividend.
.05 up .03 off
07 up .05 up
"BROKERS' LOANS
New York, June 27 (Reuter). Loan on securities to brokers in New York:-
Week-ended Week-ended
Week-ended 22/8/39 20/6/40 27/6/40 $517,000,000 $294,000,000 $275,000,000
INDO-CHINA
STEAM NAVIGATION COMPANY IDE
Operating Bervices for Cargo and Passengers
·TO
the
BOMBAY SILVER Bombay, June 27 (Reuter).
'INDIA STATEMENT | Market. Quiet. Offtake 150 bars.
SWATOW, SHANGHAL, TRINGTAU, "CHEFOO
and TIENTSIN-
KOBE and OBAKA
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.
Calcutta, June 28 (Reuter).
June 12 June 21.
Indian Mint Silver
Notes in circulation
(including : Notes
Ready July 2 Settlement July 30 Settlement
81-09
61-08
61-09
For further particulars.
please apply, to de
NE MATHE
held in the Bang-
ing Department) 26,201 25,762
Rupee Coin and Bul-
Mon in India' Gold Coin and Bul-
on in India
3,950 3,510
4,154
Securities (Indian
Government) Securities: {{British N 4,154 Government).
4,850
12,950 12,950
ANAGERS
LEPHONE TOBILLIGENERAL MANA
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 HorazonG & SHANGHAI Banking CoRPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 8th Feb., 1939.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMÉNI OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 {BRANCHES ALL OVER ÜHIKA) Owing to our unmerous Branche, in China and connections in the principal Commercial Centres d 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, C South China Offeri?“
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
HAMBURG ΠΑΝΤΟΥ
SAIGON
SKEEMIAN
SHANGHAI
KLANG
SINGAPOBR
· SITIAWAN -
LUMPUR
KUCHING
TIENTSIN
MADMAS
MANTEA
MRDAN
NEW YORK
FRIPING
(Pakiog)
BOUZABAYA TAIPING..
TONGEAN
(Bhuket)
TEINOTAG YOKOHAMA
FORE.GN EXCHANGE and General Banking Business transacted
CURRENT ACCOUNT opened and FIXED DEPOSITS received for: One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNT also opened in interest allowed at raten obtainable Local Currency and Sterling with
on application.
The Bank's Head Offee in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, o0 terms which may be ascertained at any of the Agencies and Branchen."
B. A. CAMIDGE,
• Manager,
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.
JAFE DEPOSIT BOXES
This Bank is entirely owned by THI CHAB NATIONAL BANK, New Yox, with Resources of crut (7.8.89,900,000,000.”
D. M. BIGGAR
Second Fiss Pro
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital 5,598,000.00. Reserve and Undivided.
Profita
„2,083,201.30
̈ ̈ Head Office:—HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
NIZ SHOUSUN CHow, Chairman Li Koon Chun, Esq. Li Lan Bang, Eng.
Kwok, Bogs Wong Chu Bon, $14. Wong Im Tong, Baq: Ian Ying-Fo, qu
P:
Chan Ching Shok, Haq, Fung Ping Wah Esq KAN TOXO Po, Esa, Chief Manager LI THE FORO, Esq., Manager
Branches and Agencies:"
We also handle the inne of Bonda and other Public Funds of the Chinese Government both at Home and Abroad,
Bombay Colectio SHOU CHEN, Haiphons
Handger
Kabu
THE MERCANTILE BANK OF INDIA, LIMITED
-
Head Office:-5, Gracechurch Street,
Bigbadribed Ospital Pridep Capital
Laterra - Pend' and Bett
BANKERS:
The Bank of England and Midland
Bank Ltd. BRANCHES
Battle
Falping Shanghai
Every description of Banking and Exchange business transacted Loans granted on approved securities
Current Accounts opened in Local Cartency and Fixed Deposita - ceived for one year or shorter periods in Local and Foreign Cur renates on teams which w quoted on application,
HATE DEPOSIT Boxes To Lar
KAN TONG PO
Chief Manage
Bengkok
Kuala Tranggan THE KWANGTUNG Bombay Fatma M Madené Calcutta... Esantan p. 28Few Tork Cetorhu Kandy.
Delhi
GATIO
Kota Bhar
Shanghai) Bangkong, Krala: Lépla da kontu. Howrah, big "Kuala Lumpur. „dingapore"
KAHONG KONG BRANCHGGE Every dasaription of Banking sql" "Etching s business tracenotede ba APOTE
TRUSTEE AND EXECUTORSHIP
AAS UNDERTAKEN UURLÉST ACCOUNTS OPALNd in Lomal-Dur From: DF2IX D DEPOST 13. PRÖRVAR DE PORT Catreses VEELING Ostorose that may be scertained on apoion
S OF BENSON;2
General Banking Facilting and Pinanglat
The Provincial GoverátOR Head Oface-hakwin Kwas Hongkong Branek „Cabla Address=/PROVINC
28112 241
Obater B4