1940-05-18 — Page 10

#REUTER'S SERVICE)

MAY 10, 1940. STOCKS

Lot Sale

MAY 17, 1040, STOCKS

Last Sale

May 16

May 18

Adams Express

3

J. & Laughlin Steel $7_pfd.

51

Alleghany Steel Co.

Kennecott Copper

32

Allied Stores .....

¿

Lakey' Foundry'& Mac. ......

*}

Allis Chalmers

294

Libbey-Owens-Ford

Саля

33%

Aluminium Lid,

781

Lockheed Aircraft

374

Amer, Can

1002

Loew's Inc.

271

American Cyanamid B.

33)

Loft Incorperated

23

£

Amer. & Foreign Power ...

11

Mack Truck Inc.

22

Amer & Foreign $7 pf.

181

Martin, Glen L

421

American Gas & Elec.

301

McKesson & Robbins, pí4.

23

1+

Monsanto Chemical

100

War Loan,31% (Red

after 1052)

971 Canton-K'icon. Rly. 5% 12 Chinese 41% Gold Loan

New York. May 16, 1940.

Amer, Metals Co

18)

Montgomery Ward

391

1898.(Brit. Issue)

Amer. Radiator

National Aviation

SINGAPORE RUBBER

15

Chinese 5% Gold Bonds.

Amer. Rolling Mili

123

Nat, Dairy Products

14)

1925-47

48

Amer. E'ting and Ring Co.

411.

Nåt. Distillers

201

Chin. 41% Anglo-French

Amer, Sugar Renning

182

National Gypsum

1

Loan, 1908

Amer. Tel, & Tel

1571

National Lead ....

18

SPOT JULY-SEPT. OCT.-DEC.

Chinese 5% Crisp Loan.

Amer. Tobacco "B"

.787

Nat, Power & Light

61

1912

-20

Amer. Waterworks

11

National Steel Corp.

57}

Chinese 5% Rearg, Loan.

The market was quiet, LONDON RUBBER.

Anaconda Copper

251"

National Supply Corp.

1913. (Ldn. Is.)

30

Atchison, T. & 8, Fe.

172.

New York Central .....

121.

Chinese 8% Ster. Notes

SPOT

Auburn. Motors

1,

Niagara Hudson Power

41

1925 (Vickers)

9:

JUNE

Aviation Corp.

N. American Aviation

22}

Chin. Imperial Rly 5%

JULY-SEPT.

Bacock & Wilcox

241

North American Co.

181.

Loan

60

OCT.-DEC.

Baldwin Lecometive

Northern Paclic

$

Honan Rly, 5%

12

JAN.-MARCH

Baltimore Ohio

31

Owens-Illinois Glass Co.

531

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

Amer, Locomotive

QUOTATION

22

+9

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, May 16. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsiblity is assumed for errors In transmission.

20

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

SATURDAY, MAY 18, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA AND CHINA

Authorised Capital....... $50,000,000

Reserve Funda: Sterling

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1853 Paid-Up Capital £3,000,000 ......£6,500,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

Proprietors

$90,000,000

Head Office:-HONG KONG

Board of Directors: H. V. Wilkinson, Esq.,"

Chairman. Hoa, Mr. J. J. Paterson,

Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq., Hoo. Mr. S. H. Dodwell, G. Miskin, Esq.,

K. S. Morrison, Esq., --T. E. Poarce, Esq.,

C. C. Roberts, Esq., Hon. Mr. A. L. Shield», Sir Vandeleur M. Graybura,

Chief Manager.

Branches:

prietors

£3,000,000

"HEAD OFFICE; LONDON:

38, Bishopsgata E.C., Sub-Arcadies In London: 117/129, Leadenhall"Street, "E.Q=" West End Branch:

14/18, Cockspur Street, B.W.I. *Manchester Branch:

52, Mosley Street, "Manchester,

*

AGENCIES AND BRANCHES:

ALOR STAB AMRITHAR

HARRIN

EONG TOÁN

PENANG

KANGOON BAIGON

BANGKOK BATAVIA

BOMBAY

ILÖILA 1P03 KARACHI KLANO

KERMBAN

SHANGHAI

BINGAPOR

AGENCIES: KOBE

SITIAWAN

CLAVE SERE

BALOUTTA

FAIBLIN PLACE

KUALA

LUMPUR KUCHING

MADHAB MANILA

SOURABAYA

TAIPING

* TIENTSIN

TONGKAH

(Bhukat)

Previous

May 18

Closing Opening Closing Change

Buyers Buyers

38-7/8 -39-1/4 *39 cts.

up 1/8

37-1/2 37-1/4 37-1/4 · CET 1/4 36-1/4 36-1/8 36 cts. of 1/4

Previous close Today's close

buyers

buyers'

Change

11-7/8

11-7/8.

unch.

11-7/8

11-7/8

which.

11-15/16

11-15/16

unch.

CANTON

CAWNPORD

11-13/16.

-/11-3/4

off 1/16

11-11/16 11-9/16

Amoy

'off 1/8'

Bukuang Rly. 5%, 1911. 16

Bangkok

Barber Asphalt Co

103

Pacific Gas & Elec

29

Hukuang Rly. 5%, 1011

Barnsdali O11

9

Pacific Lighting..

40

German Issue)"

.13

Bell Aircraft Corp.

233

Packard Motors

......

3+

Lung Tsing & U. Hal

Bendix Aviation

321

Pan-American Airways

171

Rly 5% 1913

"11

Bethlehem Steet

84

Paramount Pictures

51

S'hal-N'King Rly. 5%

37

Bliss Co.

19+

Pennsylvania R.R.

18

Tientsin-Pukow Rly. 5%

Boeing Airplane Co.

231

Phelps-Dodge

331

(Brit. Stpd.)

Borg-Warner

{7

Mladelphia Read. Coal

Tientsin-Pukow Rly. 5%

Bridgeport Brass Corp.

101

Phillips Petroleum

334

(German Stpd.)

11

Briggs Mig.

.171

Pittsburg Coke & Iron

61.

Tientsin-Pukow Rly. 5%

Brooklyn-M'hattan

Trans.

204

Public Service of N.J.

351

(Brit. Stpd. Supl Loan) 11

Brooklyn-Manhattan $8....

107

Pullman Inc.

321

Tientsin-Pukow Rly. 5%

NEW YORK STOCKS: 130.43; Change, up 1.34.

Budd M'facturing Corp.

37

Pure Oll

B

Canadian Pacific Rway

31

Radio Corpn. of Am.

51

(Cer. Stpd., Supl Loan) Jap. 5% Bter. Loan, 1907 35

11.

Case, J.L

53

Reading Company,

Com

124

Celanese

28

Remington Arms Co., Inc.

41.

Jap. 8% Ster. Loan, 1924. 434 Ger, 7% Intl. Loan, 1924 0

Chesapeake & Ohio'...

34)

Republic Aviation Corp." ...

Chrysler Corpn.

49

Republic Steel

187

Chartered Bank....... H.K. & Shai Bank (Ldn.

9

Climax-Molybdenum Co.

314

Revere Cop. & Brass Inc.

91

Reg.)

-86

Colts Patent Fire-Arms

87)

Reynold Tobac.

"B"

304

HK & Shai Bank (Col.

Columbia Gas & Meci ............

#4

Richfield O11

Reg)

863

Columbia 6% "A" på

$23

Safeway Stores

391

Chinese Eng. & Mining

Commercial Credit Co.

351

Schenley Distillers

.10 -

(bearer)

19

Com, & Southern (Ord.)

1

Sears Roebuck

694

Chosen Corporation"

8/0

Consolidated Edison

271

Shell Union Ol

9

Pekin Syndicate......

*

New York Cotton, July. New York Rubber, July Chicago Wheat, Sept. Chicago Corn. Sept.

Consolidated Oll

61

Socony-Vacunum Oil

.91

8'hat Elec.. Constr. Co.

15

Continental Can

38

Southern Paciic

184

S'hal Waterworks “A”

15

Continental Oll

3

Southern Rly $5 pid.

421

Union Insurance

28

New York Hides. Jume

NEW YORK COTTON

Copperweld Steal

193

Sperry

27

Corn Products

54

Spicer Manufacturing Co. 51°

Gula Kalumpong Rubber 18. Allied Ironfounders:

13/8

Curtiss Wright (C)

102

Standard Brands

Assc. & Elec, Industries· 39 ·

May July

Curtiss Wright "A"

23

Stand Gas & Elec.

201

Austin Motors, ord.......

15

18

Deere & Co.

Standard Ol of California

373

Cable & Wireless, New

H

July New contract) ... 9.47/47 October C >

16

Distillers Corpn. Beagrams

Standard Oil of NJ.

Form, ord.

51

December (

71

Douglas Aircraft

-89↓

Stone-Webster...

-8--

8-A, Tob. (bearer)

95

January

{

Di Pont de Nemours

189

Studebaker Com.

24

Mercantile Bank

121

March

C

Eagle Picher Lead

EL

Swift, International

Cammell Laird, ord.

8/0

Spot

11-

Eaton Mfg. Co.

31

Technicolor

407

Mexican Eagle

4/7

Elec, Autollte

931

Texas Corp. in

Courtaulds

33/6

30

Elec. Bond & Share

5,

Texes Gulf-Sulphur

Distillers

233

€1/9

Elec. Bond & Share $5 pt.

651

Timken-Axle

Dunlop Rubber

32/6

NEW YORK RUBBER

5

Elec. Band & Share $6 pt.

€3

Trans-America Co.

Gen. Electric (England)

78

7"

Elec. Power & Light 37 pf.

26

20th Cent. Fox.

Guinness (A) Son & Co.

75

May

17

Fisk Rubber

20th Cent. Fox: $14 pí. .....

Hawker Siddeley Airc. ...

11

July

134

Fintkote

141

Union Bag & Paper Corp.

Bristof Aeroplane

September

12/6

721

Gen, American Trans.

442

Union Carbide & Carbon

83+

33

Gon, Electric

Union Faclic

Imperial Chemical Ind. 29/0 Imperial Tobacco

December

105

January

50%

Gen. Motors

449

United Aircraft

Marks &Bp'cer "A" ord. 37/71

151

Gen. Railway Signal

121

United Airlines Trans

Rolls Royce .....

63/9

11

Total sales:-3,480" 'toms.

CHICAGO WHEAT

Gen. Tire & Rubber

142

United Corpn

Leyland Motors ......

65

32$

Glidden. Co.

131

United Corpn. $3 cum pí.

Tate Lyle .....

1

50/201

May

Goodrich (BF)

13

United Gas Corpn.

Turner & Newall

84/8

July

Goodrich $5 pr.

53

United Gas Improvement

111

United Steel ..

31/9

September

Goodyear Tire & Co.

U.S., Industrual Alcohol,

201

Smethwick Drop Forg.

·13/9

3

Great Northern Iron Ore ..

131

U.S. Rubber.

"Armstrong Stevens.. ord.

7

Great Northern Rly, píd.

224

US. Rubber $8 pfd.

841.

Pressed Steel, com,

15

CHICAGO COEN

Great Western Sugar

234

55%

US. Steel

Vickers. ord.

16/11

Greyhound Corpn.

11:

38

Vanadium

Woolworths

55/3

May

10

Hercules Powder Co.,

91

Vuitee Aircraft

Anglo-Dutch

July

30

Homestake Mining

$11

International Harvester Int Nickel

46.

Walworth Co.

Warner Bros. Pict.

4

Rub, Plant. Invest. Trust

28/9

September

21

Burma Corporation

8/41

WINNIPEG WHEAT

241

Westinghouse Elec.

961

Commonwealth Mining

Inter. Paper & Power

16

Ent, Tel & Tel

21.

Johna-Manville

57

Woodward Iron Cor. Chase National Bank National City Bank

25

Marsman Investments

12/8

May

Randfontein Ertates

40

July

Western Holdings ........

10/71

October

Sub-Nigel

195

NEW YORK HIDES

----bid.

ex, div.

Tanami Gold Mining

4ld

1923/40

155. 191.41 30 Industrials

25.90 24.14.20 Bails

DOW JONES AVERAGE

High Low Dow Jones Averages. May. 1h, High Low Close Change

Anglo-Iranian

48/1+

June

May 17, 1940,

Burmah

04/44

September

Shell Trans, &

Trad.

December

129.09 95,89 -30-85– 85.55

131.36 137.64 120.43 1.34 up .26.44 25.88 26 20 ~~91,13......20.50...... 20.98

(bearer)

60/71

31 up 13 up 85.78 21 up $6.81 .84 up

*....Nominal

17.702070-20-Utilities

29 461 40 Bonds

06,87 45.59 11 Commodity Index 56.97

Business Done:--2,350,000 shares

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

London, May 18 (Reuter).

Public DeposITS

Other Deposits;

Banker

Other Accounts

Total

After ruling quietly firm, the market closed easier. NEW YORK COTTON; Bombay straddles have apparently been liquidated. Further technical corrections are probable.

NEW YORK RUBBER: Reports of increasing shipping facilities from the Indies to the United States caused further quidation.

CHICAGO WHEAT: The market tendency was firmer on re- porta of a little favourable turn in the European war news Good will buying. heavy short covering and improved four sales also ald- ed the market.

Previous close, 129.09; Today's close.

.01. up

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and· Passengers'

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOHE and OSAKA

May a

May Máy 18

33,140

33,880

108,130

108,380

·TO--

$4.970

42,660

153,100

148,940

Government

Securities

139,080

5-139,090

Discount & Advances

4.470

*3,880

Escurities

22,880

22,490

27,400

26,370

Notes and Coins

37,480

35,000

Total Ballon

1,449

1,500.

Notes in circulation

543,950

648,410

Ratio of Reserve to Labalties

20.12%

19.19%

Price of Gold at which holdings are valued

· 188/

-158/-

Other Securities:-

Total

FEDERAL RESERVE SYSTEM

New York, May 18 (Reuter).

Bills Bought

U.S. Securities held

Federal Reserve Ratio

Federal Reserve Credit Outstanding

Monetary Gold Stook

Industrial Advance

May 11 (1940) May

May 18

(0006 omitted)

$

1,000

2,474,000

88.23% 2,518.000

· 2,564,000 · `2,407,000 85.37% 88.17% 2,575,000 2,507,000 16.858,000 18,836 000 12,810,000 9,298,000

19,949,000 9,292,000

SINGAPORE, PENANG and CALCUTTA

BANDAKAN

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 ZOZII • GENERAL MANAGERS »

Cheloo

Dairea Foochow Haiphong (Johore) Tientsin.

Mukden Tokyo

Bankow

New York Tsingtao Peiping Yokohama Penang

CURRENT ACCOUNTE

opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Our rencies on terms which will be quoted on application.

ALSO up to date SAFE DEPOSIT 'Boxza in various sizes To LIT Hong Kong, 28th February, 1940.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by "the HONGKONG| & SHANGHAI BANKING COR- PORATION. Bules may be obtain- ad on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

Y. M. GRAYBURN,

Chief Manager. Hong Kong 95th Feb., 1939.

BANK OF EAST ASIA, LIMITED

Authorized Capital....10,000,000.00 | Paid-Up Capital 5,598,600.00 Reserve and Undivided

Profita

2,983,281.50

Head Office:-HONG KONG No. 10 Des Voeux Road, Central.

Board of Directors: SIE SHOTION CHow, Chairman. LI Koon Chau, Esq. Li Lan Bang, Eag P. K. Kwok, Ear. Wong Cha Son, Esq. Wong Tan Tong, Eay, Kan Ying Po, Eng. Chan Ching Shck, Esq. Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager Li Tax Foxo, Esq., Alanager

Branches and Agències:--

Korloos Panang Bagspore Lendas Rangoot Bourabaya

Bwabow Kelbourne San Fren Bydney

Bombay Maail

Halphang

disco ventrin New York - Sattle Y over Party

Bemarang

Pulping

Shanghal

PRIPINO

(Peking!

FORR.GY EXCHANGE and General Banking Business transacted.

CCHRENT: ACCOurs opened; and FIXED DEPO81Ta received for Ons Year or shorter perioda in Local or Other Currencies at rates, which will be quoted on application.

SAVINGS ACCOUNT also opened in Local Currency and Sterling, with interest allowed at rates obtainable on application.

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. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THI

CHABE NATIONAL BANT, New York, with Resources of DTIM *1.8.$2,900,000,000.

D. M. BIGGAR,

Second Vios Pra

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.08 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the 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:

Every description of Banking and Exchange business transacted. Loans granted on approved securities. -

Current Accounts opened in Loon! Currency and Fixed Deposits re ceived for one year of shorter periods in Local and Foreign Cur rencies on terms which will be SWATOW quoted on application.

SAVE EXPOSIT Boxes To Laz

KAN TONG PO,

Chief Manager,

THE KWAŃGTING. „PROVINCIAL BANK

Incorporated to faizal

Guzeral Barking Facilities and Financial Aguata to

The Provincial Government i

st of Kwangtung. Head Office-inkwan, Kwongtung Provinow Hongkong Franch-Queen's Bldg, 5 Chater Ed;" Cable Addresses—“PROVINCIAL" 2,943. Telephones:

20112, 20113, 20143. 20181, #16KL BRANCHES THROUGHOUT

- SOUTH CHINA

·Cerrapondents in New York and London Paid Up Capital ... N$10,000,000

N$10,500,000. Reserve Capital

AUYANG MANLY,

Hongiczny MaanNROE,

Ajob?

WANT ADS

4, QUEEN'S ROAD, 0. South China Offices:

CANTON

SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Boadi and other Public Funds of the Chinese Government both at Home and Abroad.

SHOU J. CHEN,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offico.-15, Gracechurch Street,

London, EC. Authorized Capital Bubmeribad Capita Paid-up Capital Serve Fond and Bost

2,800,000

BANKERS, The Bank of England and Midland Bank, Ltd. BRANCHES

Bangkok

Bombay

Caricates

Colombe

Bethl Gale

Jo

Kuantan Kindy Karachi

Kota Bhar

flongkang... Esala Tipla

Howrsb

Kania TrengeRNO

Madras

New York Ревале Raboos

Shanghal

Keala Lumpur. Singapore

HONG KONG BRANCH: Every description at Banking and Exchange

'business transssted.

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

CURRENT LOGDULTE opened in Local Caz- tenay and IXED DEPOBIES receivad la Loi Quran & STERLING od terme that musy be Recertained on syy loations

D. BENSON,

Batavia

Kowloon

Johore Rangooo Kobe Saigon

San

·

Bombay

Kuala

CIBU1, COLOMBO DELFI Francisco HAIPHONG

MEDAN

TRINGTAŬ

NEW YORK

TOKOHAMA

Calcutta

Canton

London

Colombo

Malacca Sungei

Lyons Sourabaya

Lumpur. Shanghai KAMBURG

Singapore

HANKOW

Mouila

Muar

Patani Swato

Harbin

Iloilo Ipoh

NEW YORK COMMODITY

(REUTER'S SERVICE)

MARKET

1

90

831 86

High Low Close Close Change »

Prev. Today's 9.39 9.22 9.30 9.34 22.13 21.50 22.28 21.65

89

.04 ,63 off

קס

קגן 3

64

60 591 631

4 up

13.22 12.90

13.11 13.05b .06 off

Close

Opening

Closing

Changt

9.62/63

9.60/81

9.83/83

9.30/30

9.27/27

9.34/34

.04 up

9.41/44

.9.49/49

.20 up.

8.99/9,00

9.00/01

9.03/03

-.04 up

>

8.87/87

8.89/90

8.92/92

.05 up

8.81/81-

8.85/85.

8.86 N

.05 .p

)...... 8.71/1

8.73/73

8.74/74

.03 ap

9.75

9.86

.11.up

The last notice day for May cotton:-22-5-40,

Total sales Wednesday:-90,100 bales.

23.00b/25a

22.28/39

22.85/85 22.13/10 21.65/65

15" off

.63 off

20.80/82

20.55/15

20.05/10

19.40/15

19.97 N

19.90/20.10 19.10/30 19.0ib/30a. 19.10 N

90. off

.95 off .87 off

857/88 85/857

901/901

43 up

86/36

87/88 90/87

· 891/80 891/80

3

up

up

BBB

Wednesday's sales-79,162,000 bushels.

Amor..

591/59

631/631

41 up

Batavia

dalgon

591/591

621/631

831/631

41 up

Jalanta

501/691

82/63)

631/631

h up

יי

Haikow onolul Lobe

7472

757a

77/761

781a

747/747 781A 734/78

unch.

up

+

פט

13.11/13

13.05b 13.10/07 13.41/45 13.45/52 13.30/38 13.87/73- 13.73/76 13.60/60 New York Official ..... 34-3/4

34-3/4 NY-London Cross Rate 3.23-3/4

.06 of .11 off .07 off

3.26-1/2