On Singapore:
On demand
Ou Japan:-
On demand
S. POT
JUNE
JULY-SEPT
OCT-DEC.
JAN.-MARCH
Change
unch.
On demand
On Paris:-
High
New York Cotton, July New York Rubber. July Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides, June NEW YORK COTTON
Close.
10.29 10.21 · 10.30 19.73 19.49
1051
661 651 13.50 13.37 Opening
of 1/16 "off 1/16 "After ruling steady, the market eased on lack of interest.
no particular trend. today. NEW YORK COTTON: There was The market is awaiting the progress of the crop and developments at Washington regarding the farm measure. There was some selling on the continued weakness of Sterling, which was, however, largely absorbed by the Trade
NEW YORK RUBBER: Eastern offerings were light and at firm basis, reflecting the dificulties with regard to shipping and freight space. There was some good dealer and commission-house demand and factory accumulation of distant months.
"
CHICAGO WHEAT: "Further heavy rains" are beginning to cause apprehension regarding crop damage to restrain short sales.
NEW YORK STOCKS:
147.74: Change, up 41.
Market Report
Previous close. 147.33: Today's close.terday for both deliverles, the
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
quotations being 21 for Ready and 20.15/18 for Forward. Silver advices reported the market as being very quiet. A small business was done, American Silver" was quoted at 34.3/4 for Spot.
York The London-New rate was quoted at 402.1/2. New 10.25 .05 off. York-London was quoted at 337.1 19.60 19.72 .12 up 104 104/ '104 3 off
68 -631 13.39b 13.50
cross-
On Saigon:---
On demand
On Manila:-
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE. BUILDING
HONGKONG
COMMODITY MARKET, REVIEW
(FROM PAYNE & CO.)
New York, May 7. 1940,
SINGAPORE KUBBER
SPOT
JULY-SEPT,
OCT.-DEC.
The market was steady.
LONDON RUBBER"
Previous May 7
MONEY AND
EXCHANGE
CLOSING QUOTATIONS.
MAY 8, 1940.
On' London:-
Telegraphic Transfer. g 13/16 Bank Bills, en demand 1/2 13/16 Credits 4 months' sight 1/3 1/8"
On Shanghai- 'On demand
Closing Opening Closing Change Op India:
Previous close-Today's close
Buyers
·Buyers
37-1/8
37 eta.
35-5/8
35-1/2
37 cts. 33-5/8
off 17/8 unch.
34-374-34-5/8
34-7/8
up 1/8
||
buyers
buyers
11-5/18
11-5/16
11-3/8
11-3/8
11-7/16
11-7/18
11-7/16
11-3/8
11-5/16
11-1/4
Telegraphic Transfer. (89_1/4 and demand ............................ On New York:-
Bank Bills,. on demand 20-1/2 Credits, 60 days' sight. 21 3/8
On Batavia Com
"NEW YORK STOCK EXCHANGE
QUOTATION ·
(REUTER'S SERVICK)
STOCKS
Last Sale
MAY 8, 1940.. STOCKS
BANKING CORPORATION
May 7
Last Sale May 7
Authorised Capital... $60,000,000
Adams Express
71*
Kennecott Copper
35+
THURSDAY, MAY 9, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1835
Alleghany Steel Co.
25
Lakey Foundry & Mac......
4*
Reserve Funder
Allied Stores
81
Libbey-Owens-Ford
Gilask
491
Sterling
Allis Chalmers
324
Lockheed Aircraft
36
Aluminium Ltd,
95
Loew's Inc.
35
Reserve Liability of
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,000
Amer. Can
114
Loft Incorperated
337
Proprietors.........................$10,000,000.|
prietors
.....£3,000,000
HEAD OFFICE: LONDON:
440
American Cyanamid B
37..
Mack Truck Inc.
25+
Head Office:--HONG KONG
Amer. Foreign Power...
1.
Martin Glen L
-437-
52 1/2
Amer & Foreign $7'pf.
24
McKesson & Robbins, pfd.
261*
Board of Directors:
American Gra & Elec.
351
Monsanto Chemical...
118
H. V. Wilkinson, Esq.,
.87 3/4
Amer. Locomotive
187
Montgomery Ward
40+
Amer. Metals Co.
22
National Aviation
144
Amer. Radiator
81..
Nat. Dairy Products
17
Amer. Rolling Mili
141
Nat Distillera
241.
Amer. Eting and R'ing Co. . 484
National Gypsum,
92
“Uhaarman. Hos. Mr. J. J, Paterson,
Deputy Chairman. J. K. Bousfield, Esq., A. H. Compton, Esq.,
Amer, Sugar Refining
201*
National Lead
201
Hon. Mr. S. E. Dodwell,
Amer. Tel, & Tal,
1721
Nat, Power & Light
B
G. Miskin, Esq.,
*
"Amer-TobscCU. “B”
901
National Steel Corp.
K. S. Morrison. Eag
...... 38 3/8
Amer. Waterworks
91
National Supply Corp. ...
81
T. E. Pearce," Esq.,
Bank Bills, on demand 1085 Credits 4 months' right, 1 14".
Anaconda, Copper
294
New York Central
151
C. C. Roberta, Esq.,
Atchison, T. & 6 Ta
211
Niagara Endson Power
5
Auburn. Motors.
-1}
N. American Aviation
221
100,1/4
Aviation. Corp.
71
North American. Co.
221
Baldwin Lecometive
19
Northern Pacifc
83
On demand
41
Baltimore & Ohlo
5
Owens-nots Glass Co.
817
On Bangkok:
Barber Asphalt Co.
,15
Pacifc Gasņš Bec
*321
On demand
130
Barnsdall, Oll .......
11}
Pacific Lighting
45
On Sterling Notes:-
Bell, Aircraft Corp.
27 *
Packard Motors.
31
Bank Buying Rate
Bendix Aviation,
331
Pan-American Airways
221
1/4.
Bar Silver per os,
1.
Bethlehem Steel
86
Paramount Pictures
71
Buss & Co.
1979
Pennsylvania, R.R.
214
"
Bosing Airplane Co.
231
Phelps-Dodge
.361
Borg-Warner
-214
Philadelphia Read, Coal
02
FROM ROZA BROS Sulver prices dropped 1/16 yes-
Bridgeport Brass Corps ...
131
Phillips Petroleum
39;
Briggs Mig.
221
Pittsburg Coke & Iron
74.
Brooklyn-M'hattan Trans Brooklyn-Manhattan 36.... Budd M'facturing Corp. Canadian Pacific R'way Case, JI.
23)
"Public Service of NJ,
401
106
Pullman Ins
231
41
Pure Of
11
5
Radio. Corpo, of Am. ...i
67*
Reading Company, Com
151
Celanese
35
Reading Company, 1st pid
280
Chesapeake & Ohio Chrysler Corgn.
401
Remington Arms Co., Inc.
861
Republic, Aviation Corp.
Low Close Close Change
Prev. Today's
Climax-Molybdenum Co.
361
Republic Steel
123.
Colts Patent Fire-Arms
8211
Revere Cop. & Brass Inc.
131"
Columbia, Gas & Elec.
મ
Reynold Tobac, "B"
43)
Market
1)
Quiet,
Columbia 0% "A" pf. „............." Commercial Credit Co....
871*
Richfeld OD"
70
43
+ up .11
Sterling
Safeway Stores
47
up
Closing
Change
There were sellers at 1/27/2 Max-Noyember, buyers at 1/2.-
Com, & Southern (Ord.) Consolidated" Edison
11
Schenley Distillers
13
311
Sears Roebuck
85+
Consolidated 011
May
10.58/50
10.56/56
10.54/54
04. off
July
10.30/31
10.29/20
10.25/25-
.05 off
July (New contract)...
10.43/43
10.41/41
10.40. N
.03 off
October
}
9.86/88
9.84/83
9.83/83
.03 off
December
2
9.71/72
9.06/86
.9.68/68
03 off
January
{
)
9.66 N
March
>
Spot
9.50/58
10.74
9.600/622 9.51/52
9.61/61
9.51/51
10.89 N
.05 off 05 of ,05 of
Total sales Monday:-60,900 bales.
The last notice days for May cotton:-22/6/40. NEW YORK. RUBBER
December...
Monday's sals:-22,177,000 bushels.
December
New York Omcial ....
13.93b/96a 13.91b795a
34-5/4
NY-London Cross Rate 3.41-1/8
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, May ?.
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.
(Ger. Stpd. Supl" Loan) Jap. 5% Ster. Loan, 1907 Jap. 8% Ster," Loan. 1924 49 Ger, 7% Intl. Loan. 1924, 64 Chartered Bank
H.K. & S'hal Bank. (Ldn.
Reg.)
May
19.80 N
19.92b
..12 up
July
19.60/80
19.60/61
19.72/73
12 un
September
19.07/07
19.05/05
19.22/22
18.79/80
18.77/70
18.91/92
January
16.74
18.65b/802
Total sales:-1,830 tons.
CHICAGO WHEAT
May.......
1051/1067
1054/105
4 off
July
1041/1042
September
1047/1042
1048/1041 1042/104)
1038/1037 104/104
3 off
3 off
London
"
New York
CHICAGO CORN..
Japan
May
651/643
July
651/65
September
657/66.
651/651 651/651
65/85 654/65+ 661/68
India
up
Farls
up 1 up
Hongkong
WINNIPEG WHEAT
May
8815
2815
July
October
901/901 901/901 '921/921
so b
..
*92}a
1 up off -unch.
Spot May.
NEW YORK HIDES
June
13.39b/42a
13.31b
September
13.66b/704:13.66/68
13.50/50 13.80/81
11. D
.14 up
Spot May
14.05/09
34-3/4
-3.97-1/8
.12 up
"
18,26 N
.15 up
29/32 for any delivery.
Some business was reported at 20.7/8 for Cash. The closed with sellers at 20.7/8 Cash, 20.13/18 May and probably. 20.3/4 June, buyers probably at 20.15/15 Cash and 20.7/8 Arst half June.
Shanghai Dollars
Sellers at 440, buyers at 422.
Shanghai Market
Sellers of Sterling at 3.11/32 for Spot and U.S. Dollars at 411/16 Spot. Quietly steady.
12 up Shangbai Exchange
Shanghai, May 8 (Reuter).
Official T.T. Rates
Eagle Picher Lead
...
Shell Union' on
12}
U. S. Dollars
Continental Can
451
Socony-Vacunum Ol
107
Continental O
231
Southern Factác
12
market
Copperweld Steel
241
Southern Rly $5 płd.
261
Corn Products
591
Sperry
421
Curtiss Wright (C)
10)
Spleer Manufacturing Co. 34*
Curtiss Wright "A"
291
Standard Brands
7
Deere & Co.
22.
Stand Gas & Elec.
12-
Distillers Corpn. Seagrams
191
Standard Oil of California
221
Douglas Aircraft
911
Standard Ol of N.J.
42
Da Pont de Nemours
1871
Stone & Webster
104
Studebaker Com
10
Eaton Mfg. Co.
341
Swift International
29.*
Elec, Autolite
394
Technicolor
141
Elec. Bond & Share .........
61
Texas Corp!
461
Elec. Bond & Share 35 pt.
581*
Texes Gulf Sulphur
341
Elec Bond & Share 56 pt.. 68 Elec, Power & Light $7 p. 34 Fisk Rubber
Timken-Axle
27
Trans-America Co.
51
141
20th Cent. Fox
8
Opening
Pintkote
18
20th. Cent. Fox, $1i pf,
20
'0/3-1/8
Gen. American. Traza.
53
Union Bag & Paper Corp.
18
4-3/8
Gen. Electric
361
Union Carbide & Carbon
801
18-3/4
Gen. Motors
541
Union Pacifc
95
17-1/4
Gen. Railway Signal
161*
United Aircraft
49%
13
43
914
£
War Loan, 34% (Red
after 1952) Canton-Kloon Rly. 5%
B. Shal Bank (Cal.
Reg)
914
1011
15
Chinese Eng. & Mining
(bearer)
20/41
Chinese 41% Gold Loan
Chosen Corporation
1898 (Brit. Issue) Chinese 5% Gold Bonds.
1925-47
56
Pekin Syndicate
0/8 2
S'hat Elec. Constr. Co.
15
52
B'hal Waterworks "A"
15
Chin. 41% Anglo-French
Union Insurance ...
201
• Loun, 1908
50
Chinese 5% Crisp Loan.
Gula Kalumpong Rubber 18/3 Alled Ironfounders
'14
Turner & Newall
1913 (Ldn. 18.)
241
Chinese 5% Reorg. Loan.
1912
331
Asso.& Elec. Industries 40/41 Austin Motors, ord........ 15/8 Cable & Wireless, New
United Steel
Smethwick Drop Forg.... 13/9,
Armstrong. Stevens, ord.
6/6
Chinese 8% Ster. Noter.
Form, ord, mi
55
Pressed Steel, cơm:
16/44
1925 (Vickers)
11
B-A, Tob, (bearer)
103/9
Vickers, ord.
17/11
Chin, Imperial Rly, 5%
Mexican Eagle
12
Woolworths,...
58/104
Loan
60
Cammell Laird, ord.
7
Anglo-Dutch
20/9
Honan Rly, 5%
15
Mexican Eagle .......
8/3
Rub, Plant, Invest. Trust 28/3
Bukuang Rly. 5%, 1911...
19
Courtaulds
37/104
Burma Corporation
9
Bukuang Fly 5%, 1911
Distillers
66/9.
Commonwealth? Mining.
German. Issue)
10
Dunlop, Rubber
33/1}'
Lung Tsing & D. Hal
Ry. 5% 1913
13
Gen. Electric (England) 80/11 Guinness (A) Bon & Co. 78-
Mareman Investments la 13 Randfontein Estates
41/3
Western Holdings .........
14/74
S'hai-N'King Rly. 5%
21.
Tientsin-Pakow Rly. 5% (Brit. Stpd.)........ Tlentsin-Pukow Rly. 5%
(Gleiman Btpd.) Tientsin-Fukow, Rly. 5%
13.
13
(Bt. Stpd. Supt. Loan) 13 Tientsin-Pukow Rly. 5%
Leyland Motors......... Tate & Lyle............
Hawker Siddeley Airc... 12/7}" Bristol Aeroplane........ Imperial Chemical Ind 31/0 Imperial Tobacco
113/14 Marks & Sp'cer "A" ord. 40/74 Rolls Royce
84/71 TI. 53/9
Sub-Nigel
"20173
14/6
Tanami Gold, Mining
For further particulare
414
| Anglo-Iranian, ......
52/6..
Burmah
70.
Spell Trans, & Trad
(bearer),
Nominal
t-ex-dividend
.12. up
Opening
0/3-5/16
2.39 20-7/8.
Sellers
Closing 0/3-11/32
0/3-13/64 0/3-1/4
U.S. Dollars
$4-5/8
4-7/16
Market!--Quiet,
Calcutta Exchange
Calcutta. May 7 (Reuter).
TT. on Japan, 92-5/8..
India Rupee Paper
Bombay, May 7 (Reuter).
Govt. 31% Rupee, 94-12-0.
SILVER MARKET
LONDON. SILVER
London, May. 7. (Reuter). Silver Market quiet. Business very small. In the afternoon, the market was very quiet.
Spot, 21d.
Forward: 20-15/18-
LONDON GOLD
London, May 7 (Reuter),
Bar Cold. Fine per oz. 188."
Gea. Tire & Rubber
171.
United Airlines Trans
21
Glidden Co,
174
United Corpn.
24
*
Goodrich (BF)
16
United Corpa. 33 cum f.
374-
Goodrich $5.pf.
644TM
United Gas Corpn.
1#
Goodyear Tire & Co.
21
United Gas Improvement
121
Great Northern Iron Ore ..
141
U.S., Industrual Alcohol,
-251
Great Northern Riy, pfd,
261
U.B. Rubber
29
$4-11/18 14-17/32
Great Western :Sugar
271
US. Rubber 38 pid,
98
Greyhound Corpa.
142
U.S. Steel
Hercules Powder Co.
961
Vanadium
371
Homestake Mining
561
Valtee Aircraft
International 'Harvester
53**
Walworth Co.
57
Int Nickel
281
Warner Bros. Pict.
31.
Inter. Paper & Power
201
Westinghouse Elec
1137
Int. Tel. & TƏL
3+
Woodward Iron Cor.
62
Johns-Manville
701
J. & Laughlin 8teel $7 pfd, 63*,
Chase National Bank National City Bank.
‡-ex, div.
34
201
DOW JONES AVERAGE --
1939/40
High Low Dow Jones Averages.
16092.121.41. 30 Industrials
35.90 24.14 20 Rails
93,70... 2070 20. Utilities
24.88
29.19 84.51 40 Bonds
89.36
93.67 15.59 11 Commodity Index 60.23
May 8, 1940. May. 0, High Low Close Change 147.33 148.22 146.89 147.74.41 up
3079 30 97 30.73. 30,98
07 up 24.9124.88 24.78. .08 okt
89.48
10 up 60.29 .04 off · "Business Done: 880,000 shares
Hon. Mr. A. L. Shields,"
Sir Vandeleur M. Grayburn,
Chief Manager.
Branches:
Johore
CALCUTTA ELANG
VALNOTES: Kom
CLATE "STRETT FELIN PLACK CANTON
CAWAPON
+33 COLOMBO DELHI, Francisco HAIPHONG Shanghai HAMBURG Singapore HANKOW Sourabays Sungei
Jobore) Tientsin Mukden Tokyo New York Tsingtao Peiping Yokohama Penang
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXIE DORTE received one year or shorter periods in Local and other Cur rencies on terma which will be quoted on application.
Also up to date SA DIPOS
Boxza in various sizes To Lar 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., 1939.
" BANK OF EAST ASIA,
LIMITED
Authorized Capital......$10,000,000.00 Paid-Up Capital
Reserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road,. Central,
Board of Directors:
SIR SHOUSÓN Crow, Chairman Li Koon Chan, Esq.
P. K. Kwak. Baq. Wong Cha Son, Esq. Wang Tan Tong, Ewa, Kan Ying Po, Bad. Chan Chier Shet, Lào Forr Hot Wah Bag EAT TONG PO, Esq., Chief Manager Li Tae Foxa, Esq., Manager
Rangoon
Melbourne Ban Fran. Bydney'-
New York Beastie
. Palplag
Shanghai
ouver,
KUALA
KUCHING
MADRA
NEW YORK
PRIPING
(Peking).
FOREIGN EXChange and General Banking Businem transacted.
CURRENT Accounts opened and FIXED DEPOSITs received, for One Year or shorter perioda in Local or OtherTM Currencies, at rates which will be quoted on, application.
SAVINGS ACCOUNT alac' opened in Local Currency, and: Starling with interest allowed at raten, obtainable. on application.
The Bank's Head Office is London undertakes Executor and Trustee business, and claims recovery of terms which may be ascertained as British Income Tax overpaid, on any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE
18, PINE STEET,
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 BANɛ, " New York, with Resources of erki - U.9.$8,900,000,000.
D: M. BIGGAR,
Second Vice Prin
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 CHIKA) Owing to our numerous Branches in China and connections in the principal Commercial Centre of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking sod Exchange.
Head Office:~~SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C.. South China Offices:
Every description of Banking and Exchange business transacted. Loras granted:on approved secaritim
Current Accounts opened in Local Currency and Fixed Deposits ré ceived for periods in Local and Foreign Cor- rencies on terms which will be quoted on application,
SAFE DEPOSIT BOXES TO LET....
KAN TONG FO,
-Chief Manager.
CANTON one year or shorter SHIUCHOW
SWATOW
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
Operating Services for Cargo, and Passengers
85/10) 23/6
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
Bad TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and ' CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside
the Roosavalt Terminal in· the French Concession at
Shanghai, where passengers:
and cargo stp.landed.
plass apply, to--#:
JARDINE MATHESON&Co..Ln. TELEPHONELTOZILO GENERAL MANAGERS
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonde
and other Fublic Funds of the Chinese Government both at Home fand Abroad.
SHOU J. CHIEN,
Manager.
THE KWANGTUNG PROVINCIAL BANK
Kincorporated in Chiant
ני
General Banking Facilision and Financial Agentsia The Previdelal Government of Iwangtang Head Office-Shinkwan, Kwangtong Provice „Hongkong Branch - Queen's Bldg.,8 Chater Bồ. "Cable, Addressop="PROVINCIAL" 2038, 0645. Telephones: 20112, 20113, 20143, 20181, 21681. BRANCHES THROUGHOUT
SOUTH CHINA.. Correspondente in New York and London Paid Up Capital .............. N$10,000,000. ·· Reserve Capital ................ - #$10,500,000.
AUYANG MANLY,"
-Hongkong Managet.
A job?
WANT ADS
ALOBSTAI AMRITSAR
HARRIN
HONG KONG
DÄNGKOR
BATAVIA,"
ILOILO IPOK
BIBIMBAN
BOMBAY
КАНАСЯТ
SHANGHAI
SINGAPOR
.BITIAWAN
39, Bishopagato E.C.. Sab-Arenella In London: 117/129, Leadenhall Street," E.Q.3 West End Branch: 14/16, Cockapur Street, S. W. 1. ' Manchester Branch: 53, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
PENANG
LANGOON
BAIGON
LUMPUR
BOUKAMATA TAIPING
Amoy
Bangkok Kobe
Batavix Kowloon
Rangoon. Saigon": San
MANILA
METIAN
TIENTSIN
TONGKAR
(Bhuket)
TEINGTAO
Bombay Kuala
YOKOHAMA
Calcutta Lumpur
Canton Landon
Chefoo LEODS
Colombo... Malacca
Dairen
Manila
Foocbow
Muar
Patani Swatow
Baiphong
Bankow
Harbin
Iloilo
Ipoh
י
Profits
6,398,000.00
..2,083,281,50
શ્રી
Brenches and Agencies:--
AFLO)
Kloos Pencar
Estaria
Louion
Bombay
Hardta
Baigon
Bingspor Bours Hwabe
Delortia Haiphong Hankow donaisle
Paris'.
Bemerku
Sobe
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