On demand
New York. May 2, 1940,
»
SINGAPORE RUBBER"
SPOT
JULY-SEPT.
OCT-DEC
On Japani-
On demand
PAGE_10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Previous May 2
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MAX, 4, 1840
On London:-
Telegraphic Transfer. 1/9 19/19 Bank Bills, on demand 1/2 13/16 Credits 4 months' sight | 31/8 On Shanghai:-
On demand
On Singapore:-
NEW YORK STOCK EXCHANGE
QUOTATION
STOCKS
(REUTER'S SERVICE)
MAX 5, 1940-
BANKING CORPORATION
STOCKS
Last Sale
Last Sale
May 4
は
May 4
Authorised Capital $30,000,000
Adams Express
79
Kennecott Copper
341
Alleghany Steel Co.,
241
Laxey Foundry & Mac. .....
*
Reserve Funda:
Allied Stores .
B)..
Libbey-Owens-Ford Glass
49
Allis Chalmers
33
Lockheed Aircraft
35)
Aluminium Ltd.
971
Loew's Inc.
33+
Reserve Liability of
Sterling ........ H.K. Currency Reserve $10,000,000 Reserva Liability of Pro
MONDAY, MAY 6, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1883'
Paid-Up Capital
**
£6,000,000 Reserve Fund
£3,000,000 £3,000,000
Amer. Can
114"
Loft Incorperated............
321
Proprietors.....
prietors ....
£3,000,00
..$20,000,000
460
American Cyanamid B.
381.
Mack Truck Inc. ............
HEAD OFFICE: LONDON:
251
Head Office:HONG KONG
Amer. & Foreign Power
I
Martin, Glen L
431
52 1/2
Amer& Foreign $7 pt.
24+
McKesson & Robbins, pfd.
27.
American Gas & Elec.
351
Monsanto Chemical
1101
Closing Opening Closing Change
90 1/2
Board of Directors: H. V. Wilkinson, Esq.,
Amer, Locomotive
19
Montgomery Ward
45+
On India:-
41
Amer. Metals Co
'Buyers Buyers
212**
National Aviation,
14'
Hon. Mr. J. J. Paterson,
36-1/8
35.cts.
34-1/4
36-5/8 38-7/8 35-5/8 35-1/2 34-3/4 34-3/4
up 3/4 up 5/8 up 1/2
*Telegraphic Transfer.
and demand On New York:——
82 3/4
Amer. Radiator
8
Nat, Dairy Products
171
Amer. Rolling Mill
141
Nat Distillers
247
J. K. Bousfeld, Esq.,
Amer, S'ting and Ring Co.
481
The market was quiet but steady, LONDON RUBBER .
Previous close Today's clase
buyers
buyers
Change
SPOT
JUNE
"JULY-SEPT,
OCT.-DEC.
11-1/4
11-5/16
Market closed
11-3/8
11-3/8
11-1/4
New York Cotton, July New York Rubber. July Chicago Wheat, Sept. Chicago Corn. Sept,
1063
Close Change High Low Close
Prev. Today's 10.43 10.40 10.43 10.41 .02 off 19.93
19.72
·19.65 19.59
13 up 1053 1061 1097 off
661
New York Hides. June NEW YORK COTTON
LI
JAN.-MARCH
NEW YORK COTTON: Business was small and the tone steady. Prices hardened on the limited supply of contracts. rather than ag- gressive Trade buying.
NEW YORK RUBBER: Akron interests were the best buyers recently, whilst outside speculators are beginning to appear. It is believed that 'most of the recent purchases were based on expecta- further increase in freights. We tions of a 70 per cent, quota and would accumulate on any easiness.
CHICAGO WHEAT; Beneficial rains in the North-West checked the advance. The Trade 1s nervous but friendly, following Euro- pean political news closely.
NEW YORK STOCKS:
147.55: Change, off .10.
Previous close, 147.65: Today's close.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
On Bangkok:-
On demand
On Sterling Notes:--
Bar Silver per oz............. 21 1/16
Market Report
FROM ROZA BROS Silver prices dropped yesterday to the extent of 7/16 for Ready and 3/8 for Forward, the quota- lons being 21.1/16 for 21 respec- tely. Silver "advices reported, the as being steady with a market small business done. Support was poor. American Silver was quoted at 34.3/4 for Spot.
The London-Now York cross- rate was quoted at 4021/2. New off York-London was quoted at 347-
761 662 -861 13.50 13.46 13.49 13.47 .02 of 3/4
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $6... Budd M'facturing Corp. Canadian Pacific R'way ... Case, J.I............ Celanese.
). 8nfon
On Manila:-
On demand
Bank Bills, on demand 21 1/4 Credits, 60 days' sight 22 1/8 On Batavia:---
On demand... 29 1/2 On Paris:-
Bank Bills, on demand :085 Credits 4 months' aight 1140 ||
On 'demand
National Gypsum
01
A. H. Compton, Esq.,
Amer, Sugar Refining Amer. Tel, & Tel. Amer. Tobacco "D" Amer, Waterworks Anaconda Copper
21.
National Lead
20+
Hon. Mr. S. H. Dodwell,
174
Nat Power & Light
8
G. Miskin, Esq.,
90
National Steel Corp.
B6+
K. S. Morrison, Esq.,
10
T. E, Pearce, Esq.,
National Supply Corp.
291
C. C. Roberta, Esq.,
ALOE STAR AMRITSAR BANQIGI BATAVIA BOMBAY
Chairman.
Deputy Chairman.
38, Bishopsgata E.0.2. Sub-Agencies In London: 117/132, Leadenhall Street, E.03. West End Branch: 14/16, Cockspur Street, B.W.1. Manchester Branch:
52. Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES;
KARBIN
BÓNG XONG
PENANG
BANGOOS SAIGON
ILOILO IPON..
SEREMBAN
New York Central
15)
KARACHI'
SJIANGRAI
Atchison, T. & S, Fe.
217
Niagara Hudson Power
Auburn Motors
N. American Aviation
108-1/4
Aviation Corp.........
71
North American Co.
Baldwin Lecometive
181
Northern Pacifc
(2 1/2
Baltimore & Ohio
4"
Owens-Illinois Glass Co. ... 62)
Barber Asphalt Co.
154
Pacific Gas & Rec
150
Barnsdall Ou
11
Pacific Lighting"
Bell Aircraft Corp.
27
Packard Motors
Bank Buying Rate
1/4
"Bendix Aviation
331
Pan-American Airways
Bethlehem Steel
8-4
Paramount Pictures
Bliss & Co.
181
Pennsylvania R.R
Boeing Airplane Co.
227
Phelps-Dodge
Borg-Warner
221
Philadelphia Read Coal
Bridgeport Brass Corp. Briggs Mig.
13
Phillips Petroleum
221
Pittsburg Coke & Iron
231
Public Service of NJ,
1081*
Pullman Inc.
47.
Pure Oll
51
Radio Corpn. of Am.
€61
Reading Company,.. Com
341
Reading Company, ist pid
Chesapeake & Ohio Chrysler Corpa. Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia" Gas & Elec. Columbia 6% “A”, pl.
391
Remington Arms Co., Inc.
854
Republic Aviation Corp, ...
351
Republic Steel
821
Revere Cop. & Brass Inc. ..
61.
Reynold Tobac. "B".
881.
Richfield O
Close
Opening
Closing
Change
Market
May
10.71/71
10.70/89
10,89/69
.02 off
Quiet.
July
10.43/44
10.43/43
10.41/42
,02 off
Sterling
Jaly (New contract)
10.60/60
10.56b
10.59/50
.01. off
There
were
October
9.39/99
9.97/97 "
10,00/00
01 up
December
3.82/83
9.81/81
9.86/86
04 up
May-November. 29/32 for Cash
sellers at 1/2.7/8 buyers at 1/2.-
Commercial Credit Coi Com, & Southern (Ord.) Consolidated Edison Consolidated off Continental Can
441
Safeway Stores
11
Schenley Distillers
311
Sears Roebuck
74
Shell Union On
454
Socony-Vacunuz Qul
Continental O
234
Southern Pacific
January
}
9.76/78
unquoted
9.81 N
.05 up
March
}
Spot
9.66/66 10:86
9.67/67
9.69/69
First notice day for May cotton:-22/5/40.
10.84
.03 up .02 off
NEW YORK RUBBER
May
19.79/79
19.906
11 up
July
19.59/59
19.30/93
19.72/72
September
19.14/14
19.45/35
19.22/23
December
18:80/80
» 19.05/10
January
18.73 N
18.87/88 18.84/84
13 up. .08 up 07 up
.11
up
May
July
September
Total sales:-1,910 tons,
CHICAGO WHEAT A
Friday's sales:-29,684,000 bushels.
1063/1062
1051/106
1061/1061
106/1061 1068/1063
1064/1081 1051/1051 1057/106
CHICAGO CORN
May
651/651
35/641
1. oft
Judy.
361/088
September
661/663
661/86)...
657/651 567/681
off
off off @off
U. S. Dollar Sellers at 21.7/16 May. 21.3/8 June and 21.1/4 July, buyers at 21.1/2, Cash, 21.7/18 June and 21.- 18/18 July
Shanghai Dollars
Opened with sellers at 468 with business done at 470. Towards the close there were sellers at 462 for Spot.
Shangbal Market
Erratic. Opened with seilers" at 3.1/16 The highest rate reported was 3.3/16. At the close sellers were reported at 3.5/32. US. Dol- lars opened with sellers at 4.7/18. The highest rate done was 4.19/32.. At the close sellers were reported at 4.9/18 for Spot. Steadier,
Copperweld Steel
23
Southern Rly $5 pfd.
Corn Products
59%
Sperry
Curtiss Wright (C.)
101
Spicer Manufacturing Co. 344*
Curtiss Wright "A"
291
Standard Brands
1[
Deere & Co.
213*
Stand Gas & Elec.
Distillers Corpn. Seagram
194
Standard Of of California
Douglas Aircraft
891
Standard OD of NI
Du Pont de Nemoura
186
Stone & Webster
Eagle Picher Lead
101.
Studebaker Com
Eaton Mfg. Co.
35
Elec, Autolite
391
Elec. Bond & Share
62
Swift International
Technicolor
Texas. Corpn.
Elec. Bond & Share $5 pf. Elec Bond & Share $6 pt. Elec. Power & Light $T DI. Fisk Rubber
604.
Texes Gulf Sulphur
68
Timken-Axle
34
Trans-America Co.
14*
20th Cent. Fox.
Fintkote
184
20th Cent, Fox. $ił pi.......
Gen. American Trans.
524
Union Bag & Paper Corp.
Gen. Electric
361
Union Carbide & Carbon
!!
1 off
Gen. Motors
541
Unión Pacific
WINNIPEG WHEAT
Shanghai Exchange
Gen. Railway Signal.
17.
United Aircraft
May
891b
89 b
† off
Gen. Tire & Rubber
17.
United Airlines Trang
July
91 b
911/911
902/91
t off
October
932
931b.
unch.
Shanghal, May 4 (Reuter).
Official T.T. Katés
Glidden Co.
17.
United Corpn.
Goodrich (B.F.)....
161
United Corpn. $3 cum pt.
NEW YORK HIDES
June....
13.49/49
13.48b/52 13.47/47
.02 off
London
Opening 0/3..
Goodrich $5 pf.
621*
United Gas Corpn......
Goodyear Tire & Co.
204
United Gas Improvement
September
13.76./77-
13.80/87
December
New York Official
14.04/05
14.06/06
..... 34-3/4
NY-London Cross Rate 1.47-3/4
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
13.76/76 14,00b02a 3.47-3/8 apquoted
קט 01,
New York
4-51/18
Great Northern Iron Ore ..
144.
US.. Industrual Alcohol...
04 off
Japan
18-3/8
Great Northern Rly, pfd,
201
US. Rubber
India
........... 16-578.
París
2.20 20
Hongkong
Great Western. Sugar Greyhound Corpn. Hercules Powder Co
27
US. Rubber $8 pfd,
15
U.S. Steel
21
98)
Vanadium
Spot
May
Sellers
Closing Opening 0/3-1/18 0/3-5/32 0/2-29/32 0/3 **
Eomestake Mining
$7
Vultee Aircraft
International Harvester
531
Walworth Co. ....
Int Nickel
287
Warner Bros. Pict.
Inter. Paper & Power
201
Westinghouse Idec,
London, May 3. Ger, 1% Intl. Loan, 1924. 64
U.S. Dollars
Int. Tel. & Tel.
3
Woodward Iron, Cor.
All quotations
The following quotations are the Chartered Bank middle prices at the close of the H.K, & S'hai Bank (Ldn. market in London.
Spot
D+
May
$4-7/16 $4-9/18
4-3/16
Johns-Manville
70
Chase National Bank
...4-11/32
J. & Laughlin Steel $7 pfd.
63*
National City Bank
Reg.)
91+
Market:-Quiet.
are subject to confirmation and no H.K. & S'hai Bank (Col.
lleg) responsibility is assumed for errors: in transmission.
91+
1939/40
Chinese Eng. & Mining
bearer) „
M
20/41
35.90 24.14 20 Raila
War Loan, 34% (Red
after 1952)
Chosen Corporation
6/6
37.70 20.70 20 Utilities
1001
Pekin Syndicate
2
Danton-K'loon Rly. 5%
15
S'hal Elec, Constr. Co.
15
rate on London at 10 a.m. today. was 1/2-1/2d.
72 29 84.51 40 Bonde
Merchant Hates
Stering. U/3-5/32
US. Dollars, 4-1/2,
Silver Duty Rate
The Central Bank of China's
High Low Dow Jones Averages. May, 3, High Low Close Change 155.98 181.41 30 Industrials
147.87. 147.25 147:08. 30.95 30.76 30,80 26.09 24.96. 25,00
* bid. 1-ex div.
DOW JONES AVERAGE
May B. 1940.
147.65
30 78
25.02
89.42
85.87 · 45.59 · 11 Commodity Index 60.88
Chinese 41% Gold Loan
S'hai Waterworks "A"
15
Business Done :-320,000 shares
1898 (Brit. Issue)
56
Union Insurance
291
per cent.
Chinese 5% Gold,, Bonds,
1925-47
Gula Kalumpong Rubber 18/6
52
Allied Ironfounders
14
Chin. 41% Anglo-French
2
Asso. & Elec. Industries 40/41
Calcutta Exchange
Loan, 1908
50
Austin Motors, ord.
15/0
Chinese 5% Crisp Loan.
1913 (Ldn. La.J
Cable & Wireless, New
TT on Japan, 90-7/8.
24+
Form, ord.
502
Chinese 5% Reorg. Loan.
B.-A, Tob, (bearer)
105/7
India Rupee Paper
35
"
Mexican Eagle
121
1912.
Chinese 8% Ster. Notes.
1925 (Vickers)
Chin. Imperial Rly. 5%
Loan .....
Cammell Laird, ord........
7
༧-
Mexican Eagle
6/3
Bombay, May 4 (Reuter). Government 34% Rupee, 94-08-0 nominal.
Courtaulda
60
Distillers
Honan Ely, 5%
15
Dunlop. Rubber i
38/3 60/6 33
Bukuang Rly. 5%, 1811. 19
Gen, Electric (England)
80/41"-
Woolworths
58/6
SINGAPORE, PENANG and CALCUTTA
Hukuang Rly. 5%, 1911
Quinness (A) Son & Co. 79/3
Anglo-Dutch
20/9
German Issue)
16
Lang Tsing & U. Hal
Hawker Siddeley"Alrc. ... 12/9 Bristol Aeroplane
14/71.
Riy, 5% 1913
13
Imperial Chemical. Ind. "31/101
Rub, Plant, Invest. Trust Burma Corporation Commonwealth Mining
28/3
9/3
S'hai-N'King Rly. 5%
21
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
13
Imperial Tobacco Marks & Sp'cer "A" ord., 41/9 Rolls Royce
115
Marsman Mnvestmentà...
-13/6
Randfontein Estates
41/3
85.
Western Holdinga .........
15/9
Tientsin-Pukow Rly, 5%.
Leyland Motors
71/3
Sub-Nigel .............
· 200
(German Btpd.)
Tate Lyle.....
53/9
Tanami Gold Mining
416
Tientsin-Pukow Rly, 5%
Turner de Newall
66/101
Anglo-Iranian
51/10)
Brit. 8tpd. Bupl. Loan) 13 Tientsin-Pukow Rly, 5% (Ger. 8tpd. 8upl. Loan) Jap, 5% Bter: Loan, 1907 441 Jap. 6% Ster, Loan, 1924 52
United Steel
23/0
Burman
71/10
Smethwick Drop Forg......
13/9
Shell Trans, & - Trad.
13
Armstrong Stevens, ord. 670
bearer)
71/101
Pressed Steel, com,
Vickers. ord..
17: 17/6
*—Nominal
-ex-dividend
The Equalisation rate was 10-3/4
Calcutta, May 4 (Reuter).
Sir Vandeleur M. Grayburn,
Chief Manager.
Kowloon
Rangoon Saigon San
CALOUTTA
'AGENCIES: FORE CLAVE SERRAT KUALA FAKLY PLACE
Francisco HAIPHONG
Patani
(Johore) Tientsin
Peiping Yokohama
Penang
HAMBURG HANKOW
*PRIPING
(Peking)
FOREIGN EXCHANGs and Genera} Banking Business transacted.
CURRENT ACCOUNTS 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 ACCOUNTS also opened in. Local Currency and Sterling with CURRENT ACCOUNTS opened in intereat allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITs on' application. received for one year or shorter periods in Local and other, Cur cancies on terms which will be quoted on application.
Also up to date SATE DEPOSIT «Boxia in various sizes To Liz. Hong Kong., 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank in conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application,
For the Hongkong & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb. 1938.
'BANK OF · EAST ASIA, LIMITED
Authorised Capital..:...$10,000,000.00 Paid-Up Capital 5,598,800.00 Reserve and Undivided
Prosts .................2,663,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors:
SIL SHOUSON Crow, Chairman.
Li Lan Sang, Esq. Wong Chu Son, Esq. Wong Yun Tong, Esq. Kan Ying Po, Eng. Chan Ching Shok, Esq, Fang Ping Wah haq KAN TONG PO, Esq., Chief Manager LIT FONG, E80., Manager
Branches and Agencies:~~
Korvloo Pensa
Singapore Напуск Baambaye "Badzon Bwajow Melbonias Ban Fran. Hydney Xarxanks · elson Tiantain
·New York desitiv Vancouver
Pelping
Smarnog Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained st any of the Agencies and Branches.
R. 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.
41
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, New York, with Besources of avai U.8.$1,900,000,000.
+
D. M. BIGGAR,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL 240,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branobes in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Doroestic and Foreign Banking and Exchange.
Head Office:—SHANGHAI
Hong Kong Branch: · 4,"QUEEN'S ROAD, C. South China Offices:
Currency and Fixed Deposits re- CANTON ceived for
'KONGMOON TUISHAN
one year or shorter SWATOW periods in Local and Foreign Cur, SHIUCHOWKINGCHOW rencies ..on terms which will be quoted on application
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services, for Cargo and Passengers
TO-
SWATOW, SHANGĦAL THINGTAU, CHEVOO
and TIENTSIN
KOBE and OBĀKA ·
SANDAKAN
HAIPHONG
All steamers berth ́alongside
the Roosevelt Terminal in
the French Concession" st
Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co.,L TELEPHONE SOJIL · GENERAL MANAGERS
We also handle the issue of Bonds and other Public Funds of the Chines Government both at Home and Abroad.
SHOU. J. CHEN,
Manager.
THE KWANGTƠNG PROVINCIAL.
BANK
(Incorporated in *hina)
General Banking Facilition and Financină. Agents te The Provincial Government of Kwangting Hund Oßre-Shinkwan, Kwangtang Province Hongkong Brannis-Queen's Lidg, 3 Chater Rd, Qublu Adărească PROVINCIAL" 1930, DEAN, Telephones: 20112, 20113, 20145, 20181; #1681, BRANCHES THROUGHOUT
SOUTH CHINA.......
· Cojrespondenta in Xèw York and Londos
Paid Up Capital N$10,000,000. Reserve Capital (2) N$10,500,000.
AUYANG M NLY,"
Hongkong Minagar.
Job?
WANT ADS
Hon. Mr. A. L. Shields,
KLANG
51
BINGAPOSD
SITIAWAN
223
SOURAMAYA
22
CANTON
BL
Branches:
Amoy
Johore
CAW NPOSI CU
LUMPUR KUCBING
TAIPING
TIENTSIE
MADRAS
TUNGKAR
33
Bangkok Kobe
571
Batavia
COLUMBU
·DELIKI
MANILA
"(Bhuket)
'MEDAN
TRINGTAO
31
Bombay Kuala
NEW YORK
YOKOHAMA
211
Calcutta
Lumpur Shanghai
7
Canton
London
Singapore
214
Chefoo
Lyons
Sourabaya
Colombo
Malacca
341
Sungei
Dairen Macila
w
Foochow
Muar
Swatow
165
Haiphong
.71"
Bankow
Mukden
'Tokyo
411
Harbin
New York Tsingtao
24.
Iloilo
101
Ipoh
15"
28*
47*
BJ
203
131*
434
7:
49
137
851
121
101
12.
281
421
71
13*
421
30
41
29
148
48
35
27
54
81
20+
17)
814
957
48)
201
2.
37
Li Kaon Chan, Esq.
11
P. K. Kwok. Eng.
129
251*
291
96
a-
60
373
App)
10
Laudon
Bombay
Manila
51
Caloctia
3+
Mainboar
Haske
1131
tongfal
Paris
Kobe
251*
34"
284*
80.40 60.70
.10 off 1140p .0% off
-18 off
SAFE CEPOSIT Boxes To Ler.
KAN TONG PO,
Chief Manager.
No comments yet.
Private notes are available after approval.