STOCKS
Last Sale :
STOCKS
Last Sale
June 29
Juce, 29
Adams Express
51
Kennecott Copper
251
Alleghany Steel Co.
21
Lakey Foundry & Mac.....
3°
Allied Stores
51
Libbey-Owens-Ford
Glass
35
370
Allis Chalmers
271
Lockheed Aircraft
24
On demand
52 3/4
Aluminium Ltd,
55*
Loew's Inc. .....
241
[PAGE 10-HONGKONG DAILY. PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JULY 1, 1910.
On London:-----
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3 1/2
On Shanghai:-
On demand
On Singapore-
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S · SERVICE)
JUNE 30, 1940.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
TUESDAY, JULY 2, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858,
Reserve Funds:
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro
Sterling
Reserve Liability of
Proprietors
£6,500,000
Paid-up Capital ......... Reserve Fund
£3,000,000
£3,000,000
priaturs
(£3,000,000
HEAD OFFICE; LONDON:
$90,000,000
COMMODITY MARKET
REVIEW
(FROM PAYNE & CO.)
On Japan:->
Amer. Can........................
95
Loft Incorperated
231
On demand
GT 1/2
American Cyanamid B.
331
Mack Truck Inc.
201
NEW YORK. Jane 29, 1940. "
On India:-
Amer. & Foreign Power
I*
Martin, Glen L
291
Previous June 29.
Telegraphic ----Transfer.
82 1/2
and demand
Amer & Foreign $7 pf. American Gas & Elec.
151*
McKesson & Robbins, prd. 204
SINGAPORE RUBBER
33號.
Monsanto Chemical
92
Close Opening Closing Change Buyers Buyers
Ora Parts:
On New York-
Bank Bills, on demand 23 1/3 Credits, 80 days' sight 24 1/4
On Batavia
On demand
Bank Bills, on demand 1085 Credits 4 months' right 1160
On Balgon:-
On demand............. 108 3,4
Amer. Locomotive Amer. Metals Co..
124*
| Montgomery Ward
381
13
National Aviation
***
SPOT 1019 201 JULY-SEPT. -
36-3/4 ................... 38-1/2
36-1/4
38-1/2
of 1/4
36 cts.
36-1/4
of 1/4
Amer. Radiator
8
Nat, Dairy Products
137
OCT. DEC........
33-7/8
33-3/8 33-1/2
off 3/8
K. 8. Morrison, Esq.,
N
Amer. Rolling Mill
11
Nat, Distillers
191
The market was quiet.
T. E. Pearce, Esq.,
..... 43 1/4
Amer. E'ting and Ring Co.
377
National Gypsum
61
LONDON RUBBER
Amer," Sugar Refining
13*
|National Lead
154*
Amer. Tel, & TH
1801
| Nat, "Power & Light
71
Amer. Tobacco "B"
773
National Steel Corp.
571*
8 POT
Amer. Waterworks
91
National Supply Corp.
5**
JULY
Previous close Today's close buyers buyers 13 13:
Change
Anaconda Copper
191
New York Central
117
AUGUST
o mero mi
12-1/4
CLOSED
On Manila;-...
Atchison, T. & 8. Fe
16
Niagara Hudson Power
ts
OCT.-DEC.
11-1/2
JAN.-MARCH
On demand...........
48 1/4
Aviation "Corp.
51
(N. American Aviation
161
On Bangkok:-
*
Bacock & Wilcox
23*
North American Co.
201
On demand.......
149 1/2
Baldwin Lecomstíve
143
Northern Pacific
B1
On Sterling Notes:
Baltimore & Ohio
3**
Owens-Illinois Glam Co.
471
Bank Buying Rate 1/8 1/4
+
Barber Asphalt Co.
Pacifc Gas & Elec
291
Bar Bliver per ca
21 5/8
Barnsdall Of
B/
Pacific Lighting
411
Bell Aircraft Corp.
151*
Packard Motors
34
963
ཝཱ༣
43
¢
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, June 28. 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 assomed for errors in transmission.
War Loan, 31% (Red
after 1952)............ Canton Kloon Rly. 5% 6 Chinese 41% Gold Loun
1898 (Brit. Issue)
Chinese 6% Gold Bonds,
1925-47
Chin. 44% Anglo-French
Loan, 1908
Bridgeport Brass Corp. Driggs Mig. Brooklyn-M'hattan Trans. Budd 'facturing Corp. Canadian Pacific R'way. Case, JI Celanese
Bendix Aviation...
231
Pan-American Airways
14
Bethlehem Steel ....
751
Paramount Pictures
Bliss & Co.
13
Pennsylvania RR.
197
| Boeing Airplane Co.
Borg-Warner
137
Phelps-Dodge
271
................. ........ 11-1/8
NEW YORK COTTON: Last week's buyers and old longa liquidated moderately, while there was some foreign selling of near deliveries.
NEW YORK RUBBER: The uneasiness with regard to the Far Eastern situation is discouraging selling. The market is very quiet. CHICAGO WHEAT: Hedging is diminishing at the decline but the market requires new incentive and an increased volume of buy ing. There have been further reports of favourable weather cond!- tions in the North-West.
Amoy
Branches: Johore
Bangkok Kobe Saigon
Batavia
Kowloon San
Bombay
Kuala
.
Calcutta Lampar Shanghai
Canton
Landon
Cheloo
Lyon
Colombo
Malanca
Dairen
Manila
Foochow Mear
Bankow
Makden
15
Philadelphia Read, Coat
"
91
Phillips Petroleum
NEW YORK STOCKS: 121.87; Change, off 19.
Previous "close, 122.08; Today'a close,
Harbin Iloilo -Ipoh
New York
Peiping Penang
171
Pittsburg Coke & Iron
61
20
Public Service of NJ,
37
34*
Pullman Inc.
201
3
Pure Oll.....
71
NEW YORK COMMODITY. MARKET
50*
Radio Corpn. of Am.
+1
261
Reading Company,
Com
111*
(REUTER'S SERVICE)
Chesapeake & Ohto Chrysler Corp.
301
Remington Arms Co., Inc.
4.
621
Republic Aviation Corp.
✡
Climax-Molybdenum Co.
27
Républic Steel
161
New York Cotton, July........
Colts Patent Fira-Arms
744°
Revere Cop: & Brass Inc..
New York Rubber, July
Columbia Gas & Fiés, ......
6
Reynold Tobac. "B"
37
Chicago Wheat, Sept.
714 ... 761
Prev. Today's High Low Close Clase Change 10.26. 10.19 10.27 10.20 07 of 31.55 21.00 20.90
781
21.49 59 up
741 17 off
Columbia 6% "A" PL......
80*
Richfield Of
74
Chicago Com, Bapt,
50 567
Commercial Credit Co.
28
Safeway Stores
40
New York Hides, Sept.
| Com, & Southern (@rd.)
11
Schenley Distillers
Consolidated Edison
281
Bears Roebuck
NEW YORK COTTON..
Close
"
10.45 10.28
Opening
591 10.29 10.45
571 17 of
קט 16.
Closing
Change
Consolidated O
B · ·
Shell Unton Oil
July
Chinese 5% Crisp Loan.
1912.........isasi.
17
Continental Can
Continental Ol
38
Socony-Vacunum Oll
171*
Southern Pacific
Chinese 5% Reorg, Loán,
1993 (Lan. Is.) Chinese 8% Ster. Noter
1925 Vicker).
Copperweld Steel
"187
Southem Rly 35 pfd.
July (New contract) October ( ) December (
10.27/27. 10.50 N
10.25/25
10.20/20
unquoted
10.42/42
07 ott .08 off
$.20/20
9.20/18
9.19/19
.01 of
9.06/05
-0.05/03
9.04/04
02 01
24
Corn Products
401
Sperry
381
January
Curtiss Wright (C)
7
spicer Manufacturing Co.
251
March
8
Curtiss Wright “A”
24+*
Standard Brands
Chin. Imperial Rly, 5%-
Deere & Co.
157
Stand Gas & Elec..
May Spot
()... 8.96 N ( ) ;)
8.92/92
8.94n
02 off
8.79 N
8.76/18
8,77/77.
.02 of
...... 8.64/54.
8.60/60
10,85. N
8.61/61 10.73n
.03 "off
.12 off
ויי
Loan
56
Distillers Corpn. Seagrams
14
Standard Out of California
Total sales, Friday:-12,700 bales.
Bonah Rly. 5%,
•12
·Douglas Aircraft
681
Standard Of of NJ.
Hukuang Rly. 5%, 1911...
Du Pont de Nemours
158
Stone & Webster
NEW YORK RUBBER
(GP. N/Y Igue)
| Eagle Picher ·Lead
B1
Stidebaker Cotia,
Bukuang Rly. 5%. 1911.
Eaton Mfg. Co.
29.
Swift International.
13
July
29.90/90
German Istie)_...
11
Elec, Autolite
31+
Technicolor
10
September
18.81/83
Lung trong đ
U. Hai
Elec. Bond & Share
61.
Texas Corpn.
381
December
17.71/71
Rly. 5% 1013
11
Elec. Bond & bare $5 pf.
574
Texes Gulf Sulphur ......
January
- Tientsin-Pakow Rly. 5%.
8'hai-N'King, Rly. 1% ...
(Brit. 'Stpd.)...
Tientsin-Pukow Rly. 5%
(German Styd.) Tientsin-Pakow Rly. 5%
45
Elec Bond & Share $6 pt.
88
Timken-Axle ...
March
Elec. Power & Light #7 pl.
30
Trans-America Co.
May
1746 N 17.27b/30a 17.20 N
21.00a 18,75b 17:05b/858 unquoted
.03 up
קל 1.03
17.231.
.03 up
Fisk Rubber
m
10*
20th Cent. Fox:
Total sales:-440 tons
Flintkote
134
20th Cent. Fox, $14 pf. ...
18
Gen. American Trana,
44
Union. Bag & Paper Corp.
11
CHICAGO WHEAT
Gen. Electric
314
Union Carbide & Carbon
884
July
(Brit. Stpd. Supl Loan) 9
Gen. Motors ......
431
Union Pacine
784
September
Tientain-Pukow Rly. 5% (Ger. Stpd. Bupl Loan) Jap. 5% Ster. Loan, 1907
Gen, Railway Bignal.
111
United Aircraft
347
December
9
Gen, Tire & Rubber
121*
United Airlines Trans ...
173
781/78/ 761/751 761/764 781/784 .773/774
773/771
74/74 743/74/ 751/76
2 off
1} off 1. off
Glidden Co......
117
United Coron
2+
Friday's sales:-18,864,000 bushels.
Jap. 4% Bter:-Loan, -1924
25
Goodrich (BF)
124
United Corpn. $3 cum pf. 351
CHICAGO CORN
Ger, 7% Intl, Loan, 1924 S Chartered Bank
Goodrich $5 pr.
109
United Gas Corp
11
Goodyear Tire & Co.-
14
United Gas Improvement
12
July
81/811
HK. & S'hal, Bank (Lan.
Reg.)......
54
Great Northern Iron Ore .. Great Northern Riy, pid.
134*
US. Industrual Alcohol.
173*.
September
22
8. Rubber
191
December
81/801 591/591 591/59 573/571
571/57
591/591
.57/571 542/54
li off
17 of
H.K. ' 8hal Bank (Col.
Great Western Sugar
21*
UA, Rubber $8 pid,
791
Neg)
55
Greyhound. Corpn.
11
US. Steel
«521.
WINNIPEG WHEAT
Chinese Eng & Mining.
(bearer)
Hercules Powder Co...
84*
Vanadium
301
July
16/3
Homestake Mining
43
Vultee Aircraft ......
.29
7148
-71)a
Tija
--unch.
October
731B
731a
Chosen Corporation ...
6/0
International Harvester
381
Walworth Co.
34
December
141a
741a
Pekin Syndicate..........
2
Int Nickel
23
Warner Bros. Plate an
21
CANTONA
SEIUCHOW...
shai: Elec. Conste, Co.4. 15
Inter. Paper & Power...
121
Westinghouse Elec.
911
NEW YORK HIDES
Bhai Waterworks "A".....
13
Int. Tel & Tel
21%
-
Woodward Iron Cor.
Union InsuTANCE
20
| Johns-Manville
«64*
Gula Kalimpong Rubber 15
J. & Laughlin Steal #7 pfd. --50-
Chase National Bank National City Bank
September
December
Allied Ironfounders...... Asso. & Elec, Industries 28/0
7/01
10.29/30 éamé 10.53/63 New York Oficial
34-3/4 NY-LondonTM Cross Rate 3.87
10.20b/500 10.45/45 10.40b/708 10.57/60
Anquoted .3.81
04 up
21.49/55
39 up 18.88b/19,00a .07 up 17.74b/85a 13 ap 17.49n 17,300
O. C. Roberts, Esq., Hon. Mr. A. L. Shielda, Bir Vandeleur M. Grayburn,
Chief Manager.
Haiphong (Johore) Tiestain
Tokyo Taingtso Yokobama
CURRENT ACCOUNTS opened in LOCAL CURRENOT and FIXED DEPOT received for abs `year or shorter periods in Loast and other Our rencies on terms, which will be quoted on application."
Also up to date SAFE DEPOSIT
Boxes in various sizes To LTE « Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING OOR- PORATION. Rules may be obtain- ed an application.
For the HONGKONG & SHINUHAY BANKING CORPORATION.
20
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb., 1939,
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN
INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000,00
CLAVE STAT KUALA FAISIN PE
CANTON
CAWKPORE
MANILA
MIRAN
NEW YORK
PRIPING
(Peking)
SONGEAX
(Bhuket)
THIN OTAD TOKOHAMA
FOREIGN EXCHANGE and Chemeral Banking Busines kransactəd.
CURRENT Accounts opened and Fiz DIPOSITS Deived for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNrs also opened in interent allowed at rates obtainable Local Currency and Sterling with on application.
The Bank's Head Office in London undertakes Executor and Trustes business, and claims recovery of British Income Tax overpaid, on term which may be ascertained at any of the Agencies and Branches:
R. A. CAMIDGE,
Manager.
THE CHASE BANK
14, QUEEN'S BROAD, CENTRAL
HEAD OFFICE;
18, PISTEET,
NEW YORK. An American Bank offering com
piate Foreign Banking Service in the principal Markets of the world
Interest Hates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHA NATIONAL BANK, New York, with Resources of oral 13.5.$1,900,000,000.
D. M. BIGGAR
Second Tipe Pro
BANK OF EAST ASIA,
LIMITED
(BRANCHES ALL OVER CHINA)Authorised Capital.....10,000,000.00
Owing to our numerous Braneber Paid-Up Capital
in Chins and connections in the Reserve and Undivided
principal Commercial `Centres of:
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" Offices:
SWATOW
KONGMOON
KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
3,598,000.00
2,883,251.50
Head Office:HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
BIR SHOUson Crow, Chairman La Hoon Cho, Magi Li Lan Bang, Bag P. K. Kwok, Esq. Wang Cha Bon, Baqa's Wong Tan Tong, Esq. Kan King Po, Bequ Chan Ching Shok, B8q, Fang Ping, Wah Zaq Kam Toma Po, Esa, Chief Manager LI TE Foxo, Esq.; Manager- Branches and Agencies:-
Pecang
Head Ofica:-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., Hoo. Mr. 8. E. Dodwell, G. Miskin, Esq.,
30,, Bishopsgate E.C.L" Sub-Agencies In London: 117/128, Leadenhall Street, E.OR
West End Branch: 2 14/16, Cockspur Street, BW1 Manchester Branch:
52, Mosley Street, Manchester,
AGENCIES" AND BRANCHES: AZOR STAR AMRITSAR BANGKOK
MATAVIA
PENTANG HONG KONG BINGOOŃ ILOIL ХРОД
BAIGON
BURIMKAN
BOMBAY
KARAOHJ
EDRANDBAL
CALOUTTA
KLAXO
SINGAPOR
-AGHNOTES: HOBE
BITIAWAN
`KOURABAYA
LUMPUR KUCHING
TALFING
TIENTSIM
Rangoon
COLOMBO
DILE:
Francisco. EAIPHONG
Singapore HANKOW
Sourabaya
Sungei
Patani
Swatow
Profits
TOISHANGA
gof--ex, diy,
Austin Motors, orů. ......... Cable & Wireless, New
Form, ord:
10"
-21.
1939/40
B.-A. Tob, (bearer)
Mercantile Bank ...
62/6 112
Cammell Laird, ord,
4/7
Mexican Engle Courtaulda
3/44 23/41
87.19
7
!
Distifera... 54/8 Dunlop -Rubber price. 22/9 Gen, Electric (England) 55 .......... Guinness (A) Son & Co., 51/3 Hawker Siddeley Airc.... Bristól Aeroplane:"7 Imperial Chemical Ind. 21/71 Imperial Tobacco .......... 76/3 Marks & Sp'cer "A" ord. 23/9 Rolls Royce
55" Leyland Motors ......37/6 Tate Lyle......
42/9
Turner & Newall
United Steel
45/71
11/3
Smethwick Drop Forg...11/30- Armstrong Stevena, ord. 5/8 Pressed Steel, com..... 30/9 Vickers, ord. p......... Woolworths Lagconomím, -43/9 Anglo-Dutch 15 Rab Plant. Invest. Trust 20/8 Burma Corporation ...... Commonwealth Minifig
8/101
DOW JONES AVERAGE
30, 1940,
High Low Dow Jones Averages June. 28, High Low Close Change
166,99 T118480 Industrials
12231.121.63 19187
ET INDO-CHINA
35.90 22:16 20 Rail
97.70 - 19.03. · 20 ·Utilities
37 99 83 08 40 Banda
28.73.28 18
19 off .03 up *23 86 13 61 - 2267.16 of 87,17.09 off 51.87 33 up Business Donot-170,000 shares
65 67 45 60 11 Commodity Index 51.89
WIRES EXCHANGED
NAIROBI, July 1 (Reuter)—T hope we shall meet one day in. Addis Ababa, Glood luck for all.”
KIANGSI'S IRRIGATION
_SYSTEM_
Tila message was telegraphed The Klängst Water ConserVANCY by Gen Legentlihomme, Comman-Bureau has appropriated $2,200,000 der of the French "forces at for the improvement of the irriga- Djibouti, replying to the telegram tion system in the province for of good wishes from Major-Gen, the current year, says Central Dickinson, G.O.C, of East Africa News.
7
3d
Randfontein Estates.....29/4† Western Holdings Sub-Nigel MANDYSCRANTOTTERY 157/6 Tanami Gold "Mining- Anglo-Iranian ... 28/9 Barmah pa 4173 Shelf TransAPATTACK
(bearery
23/14 *---Nominal
-dividend
DROUGHT IN CHENGTU
The drought in Chengtu was, re- Heved by a heavy downpour.
A message from Lanchow reporta of joy among the populace at the fall of rain after a long drought, Bays Central News,
Kew York - Buddie
•Parks
Puping
Every description of Banking and Exchange business transacted. Loans granted on approved securities
Current Accounts opened in Local Currency and Fixed Deposit re
FALIANAVIGATION COMPANY LTD id for one year on horter
ssengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOo
and TIENTSING
KOBE and OSAKA
BINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers berth alongulde the Roosevelt Terminal in the French Concession at Shanghai, where passengers "and cargo are landed.
For further particulars
periode in Local and Foreign Cur rencies on terms which will be quoted on application
BATE LEPOSIT BOXES TO LET PAKAN TONG.PO,
Chief Mangger.
THE KWANGTUNG PROVINCIAL SHANT
Uncorporated in Chis). deceral Banking Facilites and S'insodial Agents ve The Provinsial Government of Evangbing.
·Head Daloe-- Blakwan, Kwangbang Province. Hongkong Prand-Queen's $145., & Chabet. Rá,, Cable AddressNARPROVIZORAL” 2009, $640,
28183. 20181, 21NL
UGHOUT
Bateria
Manager
Hankow
Hobe