ΜΑΣ 10, 1940. STOCKS
Last Sale
May 18
Adams Express
51...
Alleghany Steel Ch..
183
Kennecott Copper
28
Allied "Stores
51.
Lakey Foundry & Mac.
3
Allis Chalmers
381
Libbey-Owens-Ford Glass
35
On Shanghai:-
Aluminium Ltd.
751
Lockheed Aircraft M...
337
On demand
350
Amer. Can ...........
93
Loa's Inc.
24
On Singapore:-
American Cyanamid B.
297
Loft Incorperated .............
21
On demand
62 3/8
Amer. & Foreign Power
18
Mack Truck Inc.**
201
On Japan
New York, May 18, 1940.
AmerForeign $7 pt.
141
Martin. Glen L
197
On demand
83 1/1
5
"American Gas & Elec...
?
McKesson & Robbins, pd.
On India:-
SINGAPORE RUBBER
Amer. Locomotive
.122
Monsanto Chemical
944.
Telegraphic Transfer.
Amer. Metals Co.
15
Montgomery Ward
378
and demanded
BR 3/3
Amer. Radiator
5
National Aviation
124
On New York:-
'Amer. Rolling Mil
11
Nat, Dairy Products
131
OCT.-DEC.
Amer. Sting and Ring Co. 34
Nat, Distillers
20
Amer, Sugar Refining
15
National Gypsum
51
On Batavia:-
The market was quiet. LONDON RUBBER
Amer. Tel. & Tel.
1521
National Lead
16
Amer. Tobacco "B"
*T
Nat, Power & Light
61
On Paris:-
SPOT
Amer. Waterworks
s ..
National Steel Corp.
54
JUNE
Anaconda Copper
221
National Supply Corp.....
5+
JULY-SEPT.
Atchison, T. & 8. Fe.
142
New York Central
101
On Salgon:-
OCT.-DEC.
Auburn Motors
11
Niagara Hudson Power ...
4
Or demand
108 1/
JAN.-MARCH
Aviation Corp.
6)
N. American Aviation
201
20
On Manila:
Bacock & Wilcox
20
North American Co.
167
On demand
*... 39 1/4
Baldwin Lecometive
151
Northern Partic
་ དྲྭ་་
Jn Bangkok:---
Baltimore & Ohlo
31
Owens-linols Glass Co.
511
On demand
149 3/4
Barber Asphalt Co.
91
Pacific Gas
Elec
271
On Sterling Notes:--
Barnadell Oil
BJ
Pacific Lighting
38
Bank Buying Rate
Bell Aircraft Corp
21
Packard Motors
2}
Bar Silver per oz.
....1/4
23 1/2
Bendix Aviation
301
Pan-American Airways
147
Bethlehem Steel
73
Paramount Pictures
Market Report
Bliss Co.
[16]
Pennsylvania R.R
167
Boeing Airplane Co.........
201
Phelps-Dodge.
22
PÄGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S AKRVICE)
MAY 19, 194). STOCKS
"
Last Sale
May 18
J. & Laughlin Steel $7 píd, 501
2:0
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
· MAY, 20, 1940.
On London ......
Telegraphic Transfer. 119 27/32 Bank Bills, on demand 1/2 97/32 Credits 4 months" sight 1;3 6/39
Bank Bills, on demand 19 6/8 Credits, 60 days' sight 20 5/8
On demand. 36 3/4
Bank Bill's, on demand 'oss "Credits 4 months' sight (143.
FROM ROZA BROS.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
SPOT JULY-SEPT
(FROM PAYNE & CO.)
NEW YORK COTTON; Contiñued foreign liquidation was steadily absorbed by the Trade. The weekly weather forecast is favourable. NEW YORK RUBBER: The market, is now awaiting quota news.
CHICAGO WHEAT: The drastic decline is expected to ac- celerate a government loan announcement.
NEW YORK STOCKS: Previous close, 124.20; Today's close. 122.43; Change, off 1.77. "
NEW YORK COMMODITY MARKET
TUESDAY, MAY
BANKS
21, 1940.'
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Incorporated by Royal Charter, 1853
£3,000,000 ........ £3,000,000
Authorised Capital....... 850,000,000 Issued & Fully Paid-Up 890,000,000
Reserve Funda:
Paid-Up Capital Sterling .........0,500,000 Reserve Fund H. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of
Proprietors
$20,000,000
Head Office:-HONG KONG "
|
10
Board of Directors: H. V. Wilkinson, Esq.,
Chairman." Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K Bousfeld, Esq., A. H. Compton, Esq., Hou. Mr. S. H. Dodwell, G. Miskin, Esq.,
. K. S. Morrison, Esq.,
TE. Pearce, Esq.,"
C. C. Roberts, Esq.,
Hon. Mr. A. L. "Shields,
Sir Vandeleur M. Grayburn,
Chief Manager.
prietors
£3,000,000 HEAD OFFICE: LONDON:
39, Bishopsgate E.C.2. Sub-Agencies In London: 117/19, Leadenhall Street, E.Qx West End Branch; "14/18, Cockapur Street, B.W.1.
Manchester Branch;
52, Mosity Street; Manchester, 2
AGENCIES AND BRANCHES:
ALOR STAR' AMRITSAR BANDIUK BATAVIA
BOMBAY
CALCUTTA
HARALN HONG KONG
ILOILO IPOR KARACHI FLAND
PENANG MANGOON BAIGON
SEREMBAY
SHANGHAI
BINGAPORN
AGENCIES: KOMM
CLATE STRRAT FAIRLIK PLACE CANTON
CAWNPORN CKS V COLOMBO DELHI Francisco HAIPHONG
Branches: Johore Rangoon Kobe Saison. Kowloon San
Amoy
Bangkok
Batavia
Bombay
Kuala
Calcutta
Lumpur Shanghai
Canton
Londca
Singapore
'Car foo
Lyons.
Colombo
Malacca Sungei
11
Dairen
Manila
Foochow
Muar
Patani Swatow
Sourabaya
KAMBURG HANIOW
KUALA
LUMPUR
~ RUCHING MADRAS
MANILA..
KEDAN
NEW YORK
SITIAWAN
SOURABAYA
TAIPING
* TIENTAIN
TONGKAR
(-Bhukot)
TEINOTAU
ТОКОНАМА
Previous
May 18 Closing Opening Closing Change
Buyers Buyers
38-3/4 38-1/4. 38-1/4 off 1/2 37-1/4 38-5/8 30-3/4 36-7/8-35-1/4 35-3/8
buyers
Previous close Today's close
:buyers
Change
11-15/16
11-15/16
12
Market closed
11-13/18 - 11-9/16
Borg-Warrier
-15
Philadelphia Read, Coal
t
Silver prices
Bridgeport Brass Corp.
Phillips Petroleum
321
Briggs Mfg.
151
Pittsburg Coke & Iron
8
Brooklyn-M'hattan
Trans.
18
Public Service of N.J,...
331
Brooklyn-Manhattan" $6.....
105
Pullman Inc.
191
Budd Mfacturing Corp.
31
Pure Off
71
The
Canadian Paolic R'way
31
Radio Corpn. at Am.
44
Case,.J.I.
431
Reading Company.
Com
117
Celanese
24
Remington Arms Co., Inc.
41"
unchang ed over the week-end, the tations remaining at 23.1/2 Ready and 23 for Forward. The New York market was closed.
London-New York cross- rate was quoted at 402.1/2. New York/London was quoted at 322. MARKET
were
que- for
Chesapeake & Ohto
32R
Republic Aviation. Corp.....
51
Steady
New York Cotton, July New York Rubber, July Chicago Wheat, Sept. Chicago Corn, Sept. New York Hides. June NEW YORK COTTON July
Chrysler Corp.......
621
Republic Steel
151
11
Climax-Molybdenum Co.
28
Revere Cop. & Brass Inc...
81
Colts Patent Fire-Arms.....
79
Reynold Tobag. "B"
381
Columbla Gas & Mec.
43
Richfeld On
6
Columbia 6% “A” pf.
80*
Safeway Stores
35
Commercial Credit Co.
321
Schenley Distillers
8
Com, & Southern (Ord.)
Sears Roebuck
85
STERLING
There were sellers at 1/2.15/16 for forward, probably near, buy- ers at 1/231/32 for any delivery. U.S. DOLLARS
A small business was done dur ing the early part of the
July (New contract) October
December (
January
}
}
i
Horn-
March May Spot
K
Consolidated Edison
25
Shell Union Oil
91
ing at 20.1/8 for Cash.
Towards
Consolidated Oil
51
Socony-Vacunum Oil
8:
Continental Can
36)
Southern Pacific
ទ
Continental Oll
20
Scuthern Rly $5 pfd.
161
Copperweld Steel
181
Sperry
'39
lunch time there were sellers nt 20.3/16 Cash probably May 20.1/18 June, buyers at 20.1/4 for Cash and 20.3/16 June.
Total Sales Friday:-50,600 bales. NEW YORK. RUBBER -
and
"May July
Corn Products..
50
Spicer Manufacturing Co.
261
Curtiss Wright (10.)
91
Standard Brands
51
Curtiss Wright "A"
25
Stand Gas & Elec.
11
Deere & Co.
161
Standard O of California
191
Distfilers Corpn. Seagrams
144.
Standard Of of NJ.
341
Douglas, Aircraft
241
Stone & Webster
61
Du Pont de Nemours
1593
Studebaker Com
71.
Engle Pichef Lead
73
Swift International
22
Eaton Mfg. Co.
28
Technicolor
11
Elec. Autolite
292
Texas Corpn.
377
at Sterling at 4.3/16 and at 4.7/32.
closed!
Elec. Bond & Share
43
Texes Gulf Sulphur
281
Elec, Bond & Share $5 pf.
50
Timken-Axie
201
Elec Bond & Share $8 pf.
55
· Träns-America "Co.
48
Elec. Power & Light 37 pf.
231
20th Cent. Fox.
€
Fisk Rubber.
10*
20th Cent. Fox. $11 pf....
17
Flintkote
121
Union Bag & Paper Corp.
111
Gen. American Trans.
39
Union Carbide & Carbon
68
Gen Electric............
293
Union Pacific
SA
...i....
sellers
Gen. Metors
.421
United Aircraft
481
Gen. Railway Signal
30
United Airlines Trans
- 14)
Gen. Tire & Rubber
121-
United Corpnj
Glidden Co.
12!"
United Corpn. $3 cum pl.
314.
Goodrich (B.F)
113
United Gas Corpn..........
11
Goodrich $5 ft.
451
United Gas Improvement
11
Goodyear Tire & Co.
15
U.S., Industrual Alcohol...
171
Great Northern Iron Ore ..
12
U.A. Rubber ́.......
181
Great Northern Rly, pid,
191
US. Rubber 38 píd.
78
Chosen Corporation
8/6
Great Western Sugar
221
U.8. Steel
50
Pekin Syndicate
2
Greyhound Corpn.
Hercules Powder Co
101.
Vanadium
331
8'hai Elec. Constr. Co.
15
87
Vultee Aircraft
83
S'hal Waterworks "A"
15
SHANGHAI - DOLLARS Business was done early in the: morning at 350, 347,. and 345...To- wards lunch time there were sell- ers at 350, buyers at 352.
"SHANGHAI MARKET
Early advices. reported sellers
U.S. Dollars opened
with sellers at 5.5/8 and closed
at lunch time with sellers at
5.11/16. Quietly steady.
AFTERNOON MARKET
The market was quiet in the. afternoon.
STERLING
The market closed with
at 1/2.15/16 for near and For- ward, buyers at 1/2.31/32 for ahy delivery.
U.S." DOLLARS Business was done at 20.1/4 for Cash and 20.3/16 June." The
Septen ber December January
July
Total sales-42,450 tons -
market closed. with 205716 May and 20.1/8 buyers at 20.1/4 Cash and 20.3/ 16 June..
SHANGHAI DOLLARS The market closed with sellers at 353.
CHICAGO WHEAT
May...
September ...
Friday's sales:
CHICAGO COEN
May
July
September
WINNIPEG WHEAT
May...
July October
NEW YORK HIDES
June.....
September
December
New York Official
NY-London Cross Rate 3.21
Homeatake Mining
56
Walworth Co.
34
Union Insurance
23
SHANGHAI MARKET
International Harvester
397
Warner Bros. Pict.
21
Gula Kalumpong Rubber
18/11"
Int Nickel .......
221
Westinghouse Elec,
90
Allied Ironfounders
13/8
Sterling opened with sellers this afternoon
'Inter. Paper & Power .....
13
Woodward Iron Cor. ......
22
Asso, & Elec.. Industries
38/0..
Int, Tel, & Tel......
21
Chase National Bank ........"
-274"
Austin Motors, ord. ......
later the market was reported
15
Johns-Manville
$2.
National City Bank
224*
Cable & Wireless, New
Form, ord,
to be easier at 4.1/8.
504
bild
Iex div.
B.-A. Tob, (bearer)
05/71
1039/40
155.92 121 40 30 Industrials.
35.90 24.14 20 Rails
27.70 19 87 20 Utilities
22 22 64.51 40 Bonda
DOW JONES AVERAGE
High Low Dow Jones Averages, May. 17, High Low Close
Mercantile Bank
121
May 19, 1940,
Cammell Laird, ord.
5/6
Change
Mexican Eagle
4/6
194.30
123.87.120 87 138.43
1.77 562
4
24.81
19.87
·80.22
|
(Red
*071
05 67 45.59 11 Commodity Index 63.95
LONDON STOCK EXCHANGE
..
(REUTER'S SERVICE) London, May 17.
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 arrors: in transmission.
War Loan, 3%
after 1952) Canton-Kloon Rly. 5% 12
...... ·12 Honan Rly, 5% Hukuang Rly: 5%, 1911... -16 Hokuang Rly. 6%, 1011.
German Issue) Lung Tsing & Hu
Rly. 5% 1813 S'hai-N'King Ry, 5% ... Tientsin-Fukow - Bly. ¿1⁄2
(Brit. Stpd.) Tieptain-Pukow Rly 5%
(German Stpd.) (.......... Tientsin-Pukow Rly. 5%
11
(Brit. Stpd. Supl Loan) 11 Tientsin-Pukow Rły. 5% (Ger. Stpd. Supl, Loan)
ཌ ཡ པ8 à
1.18 off .67 off -19.66 10.01 19.20
84.94 .38 off 51.68 2.37 off Business Done -1,280,000 shares
24.1393.44 23.85
Courtaulds
33/9
Distillers
Dunlop Rubber
62/3/ 32/9
London New York
Gen. Electric (England) 78/6
Guirness (A) Bon & Co. 75
Hawker Siddeley Airci ..... - 4174)TM
Bristol Aeroplane......
12/6
Imperial Chemical Ind.
2971
Imperial Tobacco.
104/41
Marks & Sp'cer "A" ord.
28 ̈ ́.
Rolls Royce
83/9
Leyland Motors
65
Tate & Lyle..... Turfer
50/7
کیسی
Newall
04/6
TO-..
United Steel .......
21/9
17
Smethwick Drop Forg....~ 13/9
"
Armstrong Stevens, ord. 7
Pressed Steel, com.
15
Vickers. ord.
Woolworths...
Anglo-Dutch
16/11 85/3 20 Rub. Plant. Invest. Trust 28/9 Burma Corporation"..... 8/3 Commonwealth Mining Maraman Investments.... 12 Randfontein Estates .....
39/41 Western Holdings ......... 10/0
195 Sub-Nigel
مطیعه
Chinese 41% Gold Loan
1898 (Brit. Esatie) ...... Chinese 5% Gold Bonds,
50
1925-47
48
11
Chin 41% Anglo-French
Jap. 5% Bter. Loan, 1907 351
Loan; 1908.
19
Jap. 6 Ster, Loan, 1924- 41
Chinese 5% Crisp Loan.
1912
Ger, 7% mti. Loan, 1924 84
20
Chartered Bank ............
Chinese 5% Reorg Loan,
1913 Ldn. IB.) Chinese 8% Ster. Noter.
1925 (Vickers) .... Chin' Imperial Rly, 5%
Loan
30
H.K. & 8'hal Bank (Lán.
Reg.)
80
Tanami Gold Mining ... Anglo-Iranian.
HK. & S'hal Bank (01.
Reg) Chinese Eng. & Mining
(bearer)
Burman
48/1} 86/3
82
Shell Trana, & · Trad.
(bearer)
61/3
... 19
*--Nominal
Shanghai Exchange
Shanghai, May 28 (Reuter)
Official T.T. Rates
10.50/10.00 10.06/10 1.04 off 10.50/42
+1.00 of 10.50/51
1.05 off
21-1/4 20-3/4
Seliers
Openlag Closing
.0/4-3/18 0/4-7/32 0/4-1/32 0/4-1/18 U.S. Dollars
G-11/16
6-7/16
5-23/32 5-15/32 Market:-Quiet but steady.
The
'Silver Duty Rate Central Bank of China's rate on London at 10 am. today was 1/2-1/2d.
The Equalisation rate was 241 per cent.
Haiphong (Johore) Tientsin Bankow Mukden. Tokyo Harbin New York Tringtas
Peiping.
Yokohama Penang
CURRENT ACCOCATE opened in LOCAL CURRENCY and Fixm DoIT received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.
ALSO up to date SARK DEPOSIT Roxas in various sizes To Lær Hong Kong, 38th February, 1940.
HONGKONG SAVINGS
'BANK
The Business of the above Bank is 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.
BANK OF EAST ASIA, LIMITED
:
Authorised Capital......$10,000,000.00) Paid-Up Capital ......... 5,598,600.00 Reserve and Undivided
Profits.....
Head Office: HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
SIA SHOUBON Crow, Chairman
Li Koon Chan, Esq. Li Lea Sang, Exz, “ P, K. Kwok, Esq. Wong Chu Son, Biq. Wong Tan Tong, Esq. Kan Ting Po, Bag. Chan Ching Shok, Esq. Fung Ping Wab Esq KAN TONG Po, Esq., Chief Manager Li Taz Foxo, Esq., Manager
Branches and Agencies:--
Batavi Bombay Qaboutis Haiphong" ko 'Honolulu
Kobe
Bragspore Louton Langost Bourabaya
Baigun Bwakow Melbourne dan Pran- Sydney Nagumka
ciao Tiantain New York Boatlia
Paris
Beracary Shanghai
ourer
Every description of Banking and Exchange business transected. Lasne granted on approved securities.
PRIPING
(Peking]
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accoums 'opened ́and FIXED DEPOSIT 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 interest allowed at rates obtainable on application.
י,
The Bank's Read Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencise and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE 'BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
An
18, PINE STREET,
NEW YORK. American Bank offering com plate Foreign Banking Servion in the principal Markets of the world. Interest Rates on Application.
Ind
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BAST, New York, with Basonrows of Gra U.8.$2,900,000,000.
D. M. BIGGAR,
Secand. Fice Pres
BANK OF CHINA
*
Specially Chartered by THE NATIONAL GOVERNMENT OF OHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANDERS · ALL OVER ČRINA)..... Owing to our numerous Braneben 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.
2:
Head Office:-SHANGHAI Hong Kong Branch:
4. "QUEEN'S ROAD, *.. South China Office::
OANTON.,
Current Accounts opened in Local Currency and Fixed Deposits re- SWATOW ceived for one year or shorter SHIUCHOW perioda in Local and Foreign Cur rencies op terms which will be quoted on application...
SAFE DEPOSIT BOXES TO LET
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION "COMPANY LTD.
Operating Services for Cargo and Paskongers"
BWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Boosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For farther particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZIL GENERAL MANAGERS
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the "Chinese Government both at Home
snd Abroad.
SHOU J. CHEN,
Manager.
THE KWANGTUNG - PROVINCIAL BANK
KIDOOorted in dhimmi
· Guneral Banking Facilities and Financial Agente ta The. Provincial Government of Ewangtung Head 0-8hlukwan, Kwangtong Provinos Hongkong Branch-Queen's Midg., 6 Chater 15. Osble Addrými“PEUTINCIĀL“ 2639, $445, Telephones:
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT
* SOUTH CHINA Correspondents in Saw Tork and London Pald Up Capital ... N$10,000,000. JA Reserve Capital ... N$10,500,000.
AUTANG MANLY.
Hongkong Manager.
A Job?
WANT ADS
(REUTER'S SERVICE)
9.00 8.84 20.45 19.55 .20.70
Close High Low
Close Change Frev. Today's
9.20
82
601
524
10.50
0.65
Close 9.20/20
Opening
Closing
8.91 29. off 20.11 .59, off 741 847 7B 62 off GO 58+ 24-off 11.10 · 10.06 1.04" off Change
Iloilo Ipoh
9.00/8.91
8.91/91
.29 off
·9.41/40
9.10/10
9.11/11
30 of
8.80/81
8,53/51
8.52/53
28 off
8.70/71
8.40/39
8.43/43
.27. off
"8.64 N
8.30/29
8.38/36
28 off
8.53/53
8.15/13
8.22/22
.31 off
8.00/00
8.00 N
9.72
9.48
.26 off
22.15 N
21.50 N
20.70/75
19.00/00
20.15/19.55 18.50/45
20.11/11
.65 off .59 off
18.35/35
.65 off
18.50b/60a
17.40/55
18.00/00
.50 off
18.30/30
17.35/35
17.80/80
.50 01
881/861
79/79
73 off
Hong Kong. 25th Feb., 1939.
842/84)
831/30
79/731
61. off
85/8441
821/80
781/78
63 off
48,249,000 bushels
611/811
591/591
12
of
81/01
604/601
584/59
24 off
60%/60%
601/60
581/581
21 off
701b 71gb
BOJA
681/881
701/701 723b
7 off L1 off
.......2,083,281.30
11.10/10
11.40/45
11.70/70
34-3/4
10.40/44 10:65/70 unquoted "3.23
sellers at June.
Japan
--
India Paris Hongkong
2,75 25
Spot
0/4-7/320/4-15/84.
May
June
at 4:15/54 but
Palping
"..
Spot
$5-23/32 "$5-3/4
May
June ......
Opening
0/3-3/4
བ*་*ན******
5
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