COMMODITY MARKET
(FROM PAYNE & CO.)-
'PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS MAY 1. 1940.
On London:
Telegraphic Transfer, 1/9/13/16 Bank Bills, en demand 1/9 13/16 - Credits 4 months' sight I 3 1/8.
On Shanghai;—
On demand
On Singapore:-
400-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
NEW YORK STOCK EXCHANGE.
QUOTATION
(REUTER'S SERVICE)
STOCKS
M
MAY 3, 1940. STOCKS
Kennecott Copper Lakey Foundry & Mac.
SATURDAY, MAY 4, 1940.
Last Sale
Last Sule
May 2
Adams Express
7+
Alleghany Steel Co.
24
Any 2
344
4
Allied Stores ......
$1
Libbey-Owens-Ford"
Glass 494
Sterling ....
Allis Chalmera .....
334
Lockheed Aircraft
38
H.K. Currency Reserve $10,000,000
Aluminium Ltd,
99*
Loew's Inc.
........
341
Reserve Liability of
REVIEW
Amer. Can...
115
Loft Incorperated
331
Proprietors
..$90,000,000
American Cyammid B.
379
Mack Truck Inc.
25+
Head Office:-HONG KONG
On demand
.........N 62 1/2"
Amer, Foreign Power Amer & Foreign $7, pf.
11
Martin, Glen L
43+
244
McKesson & Robbins, pfd. 27
New York, May 2, 1940.
American Gas & Elec.
On Japan:-
354
Previous
May 2
Monsanto Chemical
1181
On demand
SINGAPORE RUBBER
Cin India:-
Closing, Opening Closing. Change
Buyers Buyers
Amer, Locomotive
19
Montgomery Ward
461
Amer. Metals Co.
214
National Aviation
144
Board of Directors: H. V. Wilkinson, Esq.,
Hon. Mr. J. J. Paterson,
Telegraphic Transfer.
and demand
On New York:-
Bank Bulls, on demand si 3/8 Credita, 60 days sight 2 1/4
Amer. Radiator
82 1/4
S. POT JULY-SEPT.
OCT.-DEC.
35-3/4 35-3/4 36 cta.
up 1/4
8
Nat, Dairy Products
177
34-1/3 34-5/8 34-7/8 33-5/8 33-3/4. '34 cta.
up 3/8
Amer... Rolling Mill
143
Nat, Distillers
25
up 3/8
Amer. B'ting and Ring Oo. 491
National Gypsum
97
The market was steady but quiet. LONDON RUBBER
Amer, Sugar Reining
20-4
National Lead
201
Hon. Mr. S. H. Dodwell,
Previous close Today's close
Amer. Tel, & Tel.
173
Nat, Power & Light
81
G. Miskin, Esq.,
On Batavia:
buyers
buyers
Change
Amer. Tobacco "B"
90
National Steel Corp.
644
E. S. Morrison, Esq.,
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.....
$50,000,000
+
INDIA, AUSTRALIA AND CHINA
Laued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1883
Reserve Funda:
£6,500,000 Reserve Fand
Paid-Up Capital
Chairman.
Deputy Chairman.
J. K. Bousfield, Esq., A. H. Compton, Esq.,
£3,000,000 £3,000,000
Reserve Liability of Pro
prietors....3,000,00%
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.3.
Sub-Agencies In London:
117/122, Leadenhall Street, E.O.L West End Branch:
14/18, Cockapur Street, B.W.1. Manchester Branch:
4
42, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN PENANG HONG KONG LANGDON
LLON STAR AMRITSAR UNGIOX
On demand
39 3/4
SPOT
11-1/16
11-1/8
Ep 1/18.
Amer. Waterworks
91
National Supply Corp.
94
T. E. Pearce, Esq.,
On Paris:-
Bark Bills, on demand 1086 Credits 4 months' aight 1140 -
JUNE
11-1/18
11-3/16
up 1/8
Anaconda Copper
291
New York Central
JULY-SEPT.
11-3/18
11-1/4
up 1/16
Atchison, T. & 8. Ft.
217
Nagara Hudson Power
151 5
C. C. Roberta, Esq...
Hon. Mr. A. L Shields,
BATAVIA BOKBAY
CALOUTTA
(LOILO IPOH
SAIGON
MEREMBAN
KARACHI KLANG
SHANORAJ
SINGAPORE
On Balgon:-
OCT.-DEC.
On demand
108 1/4
JAN-MARCH
11-3/18 11
11-1/4.. 11-1/8
up 1/18
Auburn Motors
N. American Aviation
227
up 1/8
Aviation Corp.
North American Co.
2
Sir Vandeleur M. Graybura,
Chief Manager.
FAIRLIN PLACE
KUALA
AGENCIES: KORE Care &
SITIAWAN
SDURABAYA
On Manila:--
On demand
49 3/4
On Bangkok:-
On demand ...........
160
On Sterling Nate
Bank Buying Rate
1/4
Bar Silver per 0%.........
41.1/2
ነ፡
New York Cotton, July New York Rubber, July Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, June NEW YORK COTTON
Close
May
10.81/31
July
10.53/64
July (New contrate) October December ( January March
10.69/69
10.17/17
}
10.04/04
; "。,
...... 9,99 N
( >
9.88/83
1 Spot ....
...... 10.96" -
21.1/4 July.
Cash, 21,7/16 Jone July.
and
19.00b
18.66/66 18.80/80
September
18.37/37 18.45/45 18.156/20a 18.22/24
January
18.10 N..
Total sales:-1.040-tons. CHICAGO WHEAT
May
1077/105/
1048/1044
September
1044/104) 1044/1044"
Wednesday's sales:-48,757,000 bushels CHICAGO CORN ·
May July September
64/64
640/841
05/851
WINNIPEG WHEAT
May July October
881/884
...........
90/901 917/921
NEW YORK HIDES
Sterling
June.....
13.52/62
September
13.78/78
14.06/05
34-3/4
Gut edged
done
sellers
at
ALE
455.
Wook
advanced steadily and alls recover-Standard, Cash 254-1/2 255 ed after Wednesday's depression. Standard,
3 months 251-3/4 252 Industrials were irregular though. showing numerous gains. Goldmin. Standard,
Setment Price 254-3/4 ings were steads and Wall Street
Straits
275 to 280 firm:
Market Report
FROM ROZA BRUS Saver prices rose 1/18 yester - day for both deliveries, the quota- tions being 21.1/2 for Ready and
"Silver
ad- 21.3/8 for Forward. vices reported India as having small bought to a
extent. The market was steady but quiet. quoted at American Silver was 34.3/4 for Spot,
The London/New York cross- rate was quoted at 402.172, New York/London was quoted at 348. 1/2.
Quiet
Market
Sterling
There were sellers at 1/2.7/8) May/November, buyers at 1/2.20/ 32 for Cash,
The market was quiet but steady,
NEW YORK COTTON: The market is reactionary; induced by a more favourable weekly weather report than had been 'expected. Trading and Far Eastern interests bought on the scale down. The spot and textile markets were qudet.
NEW YORK RUBBER: Uncertainty with regard to shipping and freight situation is causing increasing appreheniston. Manufacturers are reported to be good buyers of physicala at around 19 cents level. CHICAGO WHEAT: A leading private crop estimate shows the further liquidation has Winter crop at 445,000,000 bushels After been digested, purchases are, advisable, in anticipation of the many hazards Which the crop must face before harvest and an exhaustion of liquidation.
NEW YORK STOCKS: Previous close, 147.13; Today's close. 147.76; Change, up .63.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
U. S. Dollars Business was done at 21.1/2 for May and 21.3/8 July. Subsequent- ly 215/16 was also arranged for July. The market closed "at p.m. with sellers at 21.1/2 Cash. Total sales Wednesday:-27,500 bales 21.7/15 May, 21.3/8 June and
First notice day for May cotton:-22/5/40. buyers at 219/18 NEW YORK RUBBER
21.3/8 May July
Shanghai, Dollars Opened with sellers at 426 and December
gradually rose to 443.
Shangbai"Market
Opened with sellers of Sterling at 3.3/8 and then weakened to 3.9/32 Subsequently the market July
steadled up to 3.5/16 and towards 1 p.m.
the market was again quoted at 3.9/32 for Spot. U.S. Dollars opened at 4.7/8 and then receded to 4.25/32. Towards 1 pm. sellers were reported at 4.13/ 16 for Spot:
AFTERNOON, MARKET The market was quie; in the afternoon.
The market closed with sellers
at 1/27/8 May/November, buyers
at 1/2.29/32 for Cash"
U.S. Bollars
doing. The market Nothing closed with sellers at 21.1/2. Cash, 21.7/16 May. 21.3/8 June and 21.1 5/16 July, buyers at 21.9/16 Cash, 21.7/16 June and 21.3/8 July
Shanghai Dollars
Opened in the afternoon with sellers at 444 but the race gradu- ally rose with business 457, 480 and 405. The market closed nominal with
Shanghaj Market
Sterling business was
reported at 3.1/8 for Spot.
"....
Shanghai Exchange
Shanghai, May 3 (Reuter).
Official T.T. Rates
December
New York Oficial NY-London Crass Rate 3.40-5/8
LONDON STOCK EXCHANGE
LONDON, May 3 (Reuter)-The Stock Exchange yesterday was more active, owing investment interest.
to larger
LONDON METALS
EXCHANGE London, May 2 (Reuter).
TIN
sellers
Bell Aircraft Corp. Bendix Aviation Bethlehem Steel
Bliss & Co.
High Low Dow Jones Averages. May, 1, 156.92 121.41 30 Industrials.
Baldwin Lecometive ...
17
Northern Pacific,
'Branches:
Baltimore & Ohio
Owens-Tilinois Glass Co. -
62
Barber Asphalt Co. Barnsdall Ol
154
Pacific Gas & Elec
33+
Amby
Johore
118
Pacific Lighting
444
Bangkok Kobe
Batavia Kowicon
Rangoon Saigon San
Packard Motors
31
Bombay Kuala
Franciaco
34..
Pan-American' Always
221
831
Paramount Pictures
T
Canton. -London
Singapore
181
Pennsylvania RR..
211
Chefoo
Lyons
Scarabaya
Boeing Airplane Co.
24
Phelps-Dodge
35
Colombo
Malacca
Sungei
Borg-Warner
221
Philadelphia Read, Coal
Dairen
Mazila
Foochow
Muar
Bridgeport Bruss Corp. ***. Briggs Mig.
131
Phillips Petroleum
391
221
Pittsburg Coke & Iron
Haiphong
Badkow
Brooklyn-M'hattan Trans.
23
Public Service of NJ,
417
Harbin
Brooklyn-Manhattan $6...
f07*
Pullman Inc.
244
Iloilo
Budd M'facturing Corp.
5
Pure Oil
101
Ipoh
Canadian Pacifc R'way
51
Radio Corpn. of Am,
87
Case, JI
68
Reading Company,
Com
15+
Celanese
35
Reading Company, 1st pfd
264
Chesapeake & Ohio
391
Remington Arms Co., Inc.
4*
Chrysler Corpn.
B7
Republic Aviation Corp....
61
High Low 10.52 10.48
13.90 103
Prey. Today's Close 10,53 18.30 18.68 103 104
65 661 611 13.59 13.44 13.52 13.47
Climax-Molybdenum Co.
351"
Republic Steel
201
Close Change 10.50 .03 of 18.87. 21 up
Colts Patent Fire-Arms "...
81
Revere Cop. & Brass Inc. ..
131
Columbia, Gas Elec,
61
| Reynold Tobac, "B"
437
Columbia 8% "A" pl.
881*
Richfeld Ou
74
Boxes in various sizes To LET. Hong Kong, 28th February, 1940.
1042 657
P
Commercial Credit Co.
451
Safeway Stores
491
Calcutta Lumpur Shanghai HAMBURG
Patani Swatow
(Johore) Tientsin Makden Tokyo
New York Tsingtao Feiping Yokobama
Penang
BANKOW
HIW YORK PRIPING
(Peking)
TON GEAR
(Bhuket)
TSINGTAO ХОБОНАМА
FOREIGN EXCHANG and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or aborter periods in Local or Other Currencies at fates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with in interest allowed at rates obtainable
ca application.
CURRENT ACCOUNTS opened LOCAL CURRENOŸ and Fiz Daroarta received for one year or shorter
The Bank's Head Office in London periods in Local and other Car undertakes Executor and Trustee rencies on terms which will be rusineas, and claims recovery of
quoted on application.
British Income Tax overpaid, on
ALSO up to date SA DEPOSIT terma which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
CANTON CAWNPORI othσ COLOMBO
LUMPUR KUCHING
TAIPING TENTSIN
MADRAS
MANILA
DILHI
MEDAN
BAIPSONG
up
Manager.
Com, & Southern (Ord.)
11
Schenley Distillers
137
.05 of
Consolidated Edison
312
Sears Roebuck.
857
Opening
Closing
Change
Consolidated Oll
7$
Shell Union Oll
121
10778/78
10.77/78
04 off
Continental Can
454,
Socony-Vacunum Of
11
10.50/50
10.50/50
.03. off
Continental of
231
Southern Pacific
121
10.63/63
10.84 N
.05 off
Copperweld Steel
231
Southern Rly $5 pfd.
261
10.12/12
10.07/07
.10 off
Corn Products
601
Sperry
43
& SHANGHAI BANKING COR-
9.98/98
9.91/91
.13 off
9.92/92
9.85/85
14 off
Curtiss Wright (C)
11
Spicer Manufacturing Co. 34)
Curtiss-Wright "A"
234
Standard Brands
76
9.82/82
9.78/76
12 of
Deere & Co.
214
Stand Gas & Elec
10.93
.03 off
Distillers Corpn. Seagrams
104
Standard Of of California
221
Douglas Aircraft
83
Standard Of of N.J.
42)
Du Pont de Nemours
1871
Stone & Webster
9j
ال
Eagle Picher Lead
104
Studebaker Com
101
19.20b
20 up
18.87/87
21 up
Eaton Mfg. Co...
36
Switt International
291
Elec, Autolite
394
Technicolor
15
18.55/55
.18 up
Elec, Bond & Share
B
Texas Corn.
481
18.33/34
.18 up
Elec. Bond & Share $5 pt.
Texas Gulf Sulphur
344
18.28 N
18. up
Elec. Bond & Share $6 pt. 69
Timken-Axle
26)
Elec. Power & Light $7 pf.. 34.
Trans-America Co.
51
Fisk Rubber
141*
20th Cent. FOX.
81
1051/1051
} up
Flatrate
131
20th Cent. Fox, $1 pi....
204
Reserve and Undivided
Profits H...
5,598,600.00
..2,583,261.50 |
1041/1041
104/1041
up
Gen, American Trans.
· 521*
Union Bag & Paper Corp.
17}
HONGKONG SAVINGS
BANK
The Business of the above Bank
THE CHASE BANK
is conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAL
PORATION, Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorized Capital......$10,000,000.00 Paid-Up Capital
HEAD OFFICE; ·
18, PINK STEKET,'
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
Interest Bates on Application..
SAFE DEPOSIT BOXES
This Bank is entirely owned by Тик CHASE NATIONAL BANK, NEW YORK, with sources of gymn U.S.$3,900,000,000.
D. M. BIOGAR,
Second Vice Pri
.
1042/1047
up
Gen. Electric
"351
Union Carbide & Carbon 814
Head Office:-HONG KONG
Gen. Motors
541
Union Pacific
951
Gen. Railway Signal
17*
United Aircraft
481
649/641
i up
Gen. Tire & Rubber
851/651
up
Glidden Co.
042/647 60/657
† up"
Goodrich (B.F.)
Goodrich $5 pf..
90/901
283/221 901/901 921/927
קט !
Goodyear Tire & Co........
1 UP
Great Northern Iron Ore ..
i up
Great Northern Rly, pfd.
Great Western Sugar
13.59/59
13.47/47 .05 011 13.85/85 13.78/78 unch. 14.10b/15a 14.02b/07a .04 oft
34-3/4 3.48-1/2
Greyhound Corpa......
Hercules Powder Co. ......
Homentake Miniar
International Harvester
Int Nickel
Inter. Paper & Power
Int. Tel, & Tel
Johns-Manville
J. & Laughlin Steel 57 pfd. 834
buyers
1939/40
35.90 24.14 20 Rails 27.70 20.70 20 Utilities 2229 84 51 40 Bonds
Opening
London
0/3-1/4
New York
4-11/16
Japan
20
India
16
Paris
2.39
Horigkong.
21-3/4 Bellera
Opening Closing
Spot
May
apot MAY
013-3/8 0/3-3/32 0/3-1/4 0/2-18/16 U.S. Dollars
$4-7/8 $4-15/32 4-11/18 4-1/4
Market:--Nominal.
Merchant Rates
Sterling. 0/3-1/16.
US Dollars, $4-7/16.
Silver Duty Rate
The Central Bank of China's
„SILVER MARKET
LONDON SILVER
London, May 2' (Reuter),
Silver: Little Indian
INDO-CHINA
Business Moderate. Market quiet- STEAM. NAVIGATION COMPANY LTD.
ly steady. In the afternoon, the
market was quiet, with small sel- Operating Services for Cargo and Passengers
lers at the rate and buyers satis- ned.
Spot, 21-1/2d. -
Forward. 21-3/8d.
BOMBAY SILVER
Bombay May, 2 (Reuter).
Market Steady. Offtake 50 bars.
Indian Mint Silver
Ready .....
June 3 Settlement July 2 Settlement..
Calcutta Exchange
60-01 60-03 60-06
Calcutta. May 2 Reuter). TT, on Japan, '90-1/8,
rate on London at 10 am, today India Rupee Paper
was 1/2-1/24,
The Equalisation rate was 131
per cent.
Bombay, May 2 (Reuter). Government 31% Rupce, 24-06-0
nominal.
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed..
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE 303II - GENERAL MANAGERS
SIR SHOUBOX Cadw, Chairman'
Li Koon Chun, Esq.
Là Lan Sung, Eric.
P. K. Kwok, Esq., Wong Cha Son, Weng Yun Tong, Esq. Kan Ying Po, Rag. Chan Ching Shot, Esq, Fang Ping Wah Baq KIN TONG. Po, "Esq., Chief Manager
LI TSE FONG, Esq., Manager
Amby Batavim Blowbay
Dala
Branches and Agencies:-.
Haiphong
desolain
Manila
Ko+loca Fonsag Bingapore Loudon Rangoon Bourabaya
Saigon Bxstow Bad Fran Sydney -
also Rentals BetalaDOUTEF Semarang
Malbourne
New York Pharis
Palplax
Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts speasd in Local | Currency and Fixed Deposits re- ceived for one year of shorter periods in Local and Foreign Cur- robgies од terms which will be quoted on application.
SAFE CEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager,
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in Ohium), «
General Banking Frallition and Financial Agente to The Provincial Government of Kesagtung Kai Office---Ebulewin, Kwaägning Province Hongkong Branch -Queen's Bldg., AChster Bd Cablu Addresses-"PROVINCIAL” 209, 9448.
Telephones:"
20112, 20113, 20143, 20181, 81681, BRANCHES THROUGHOUT SOUTH CHINA *Correspondenta in How York and London
Fald Up Capital... N$10,000,000. Beserve Capital ...... N$10,500,000.
AUYANG MANLY,
Hoogkong, Manager.
Ajob?
WANT ADS
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE.
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER ÜHINA) Owing to our numerous Branches" in China and connections in the principal Commercial Centres of the World, we are able to extend o 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:
CANTON SWATOW
SHI CHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonda
and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Chager.
THE MERCANTILE "BANK. OF INDIA, LIMITED
·Head' Omco-15, Gracechurch Street, London, ECS Authorised Capital
£1,000,000 Babemtbed Capital.. Paid-up Capital .... Emerve Fund and Best,"
BANKERS: The Bank of England and Midland
Bank, Ltd. BRANCHES;
Kuala Trenggana Madra New York
Великок
Ipoh...
Boobsy Caloutia
Kuantan
Dalembe
Κατάτ
Dalbi Gale Hongkong,
Karachi
Kuta Bharu
Koala Lipia
Blm
Howrah
Katia Lumpur Bioresore.
Penang Bangoon
HONG KONG BRANCH:
Every description of Banking and Exchange
bednané transacted.
TRUSTEE AND EXECUTORSHIP.
UNDERTAKEN A QURRENT ACCOUNTA opened, lá Local Car- remy and #IXED DEPOSTEM zmonived in Local Currency & STERLING terms that may be ascertained on spy callers." PAR
D. BENSON,
Мадиев.
No. 10 Des Voeux Road, Central,
Board of Directors:
171
United Airlines Trans
201
171
United Corpn.
24
167
United Corpn. $3 cum pf. 371⁄2
65
United Gas Corpn.
11
211
United Gas Improvement 12
14
267
U.S., Industrual Alcohol. 4 261- U.S. Rubber
311
27k
US. Rubber s8 pia.
991
144
UB, Steel
592
ท
Vanadium
371
572..
Vultee Aircraft
10%
54.
Walworth Co..
51
29
Warner Bros. Pict.
3+
Hazkow
20
Westinghouse. Elec,
114
Kobe
31
10
Woodward Iron Cör. Chase National Bank National City Bank
26
34*
283*
#mobid.
1x, div. DOW JONES AVERAGE
147.13 30 62
34.AS
89.33
65.67 45.59 11 Commodity Index 60.20
May 3, 1940, High Low Close Change 148.18 147.15 147.78 83 ap .30.75 30.62 30,68
14 up 25.04 24.75 24.92 .10 up 89.38 ,05. up 80.38 16 up
Business Done-630,000 shares
No comments yet.
Private notes are available after approval.