1940-05-27 — Page 10

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

41'

+

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 25, 1948

On Landon:-

Telegraphie Transfer. 1/2 7/8 Bank Bills, en demand 1/9 7/8 Credits 4 months' sight 1/33/1 On Shanghai:—

On demand A. 346

PAYNE & CO.

"COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

Bank Bills, on demand 19 1/2 Credits, 60 days' sight 20 5/8

JULY-SEPT.

OOT-DEC.

(FROM PAYNE & CO.)

Previous

11

May 25

Closing Opening Closing. Change Buyers Buyers

FROM ROZA, BROS. Silver prices rose 5/8 yesterday for both deliveries, the quotations being 227/16 for Ready and 22.1/4 ter Forward. Silver advices re- ported Speculators as having bought to a small extent The market was steady but quiet. American Silver was quoted at 35. 1/4 for Spot.

The London-New York cross- rate was quoted at 402.1/2. New York-London was quoted at 318.

NEW YORK COTTON: The majority of the Trade" belleves that a higher loan basis of 9 to 9.30 cents on the new crop is pro- bable.

NEW YORK RUBBER: The market is reflecting reports of small primary arrivals. »

CHICAGO WHEAT: A leading grain expert favours, selling Sep. tember at present levels and buying at 784.er 79..

NEW YORK, STOCKS: Previous close, 113.94; Today's close, 114.75; Change, up. 81.

STERLING

MONDAY, MAY 27, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital.. $50,000,000

"INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1853

Reserve Funda': Sterling

£5,500,000 Reserve Fund

Paid-Up Capital £3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro Heserve Liability of Proprietors.....

..$20,000,000

Head Office:-HONG KONG

"Board of Directors:

H. V. Wilkinson, Esq...

Chairman.

יו

Hon, Mr. J. J. Paterson,

Deputy Chairman. J. K. Bousfield, 'Eəq.," " A. E. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

G. Miskin, Esq.,

C. C. Roberts, Esq.,

Hon. Mr. A. L. Shield Sir Vandeleur M. Grayburn,

4 Chief Manager.

Branches:

Rangoon Saigon

prietors

£3,000,000

.....£3,000,000 HEAD OFFICE: LONDON:

38, Bishopsgate E.0.8. Sub-Arenoles In London; 117/199, Leadenhall Street, E.Ɑx West End Branch: 14/18, Cookapur Street,,, 8.W.L Manchester Branch;

59, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES:

ALOR STAR AMRITZAR BANGKOK BATAVIA BOMBAT

CALOUTTA

HARRIN

PENANG

HONG KONG MANGOON

ILOTEA " IPGE

KARACHI

KLANG

AGENCIES: KORE Olive Stazz PATRIK PRAC

CANTON

CAWNFORM

GEBU COLOMBO

DELEI

Francisco HAIPHONG

HAMBURG

Singapore HANKOW

Tsingtao Yokohama

KUALA

· LUMPUR

KUCHING MADRAS MANILA

MEAN

NEW YORK PEIPING

(Peking)

BALGON

SEREMBAN

SHANOBAL

SINGAPOR

SITIAWAN

SOURABAYA TAIPING

TURNTRIK TONGZAM

(Bhuket)

THIN STAC TOXOHAMA.

FOREIGN EXCHANGE and Gensen). Banking Business transacted.

CURRENT. Accouæis 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 interest allowed at rates obtainable LOCAL CURRENCY and FrasD DEFOBITS on application.

received for one year or shorter periods in Local and other Our- The Bank's Head Office in London rencies on terms which will be undertakes Executor and Trustee business, and claims recovery of quoted on application.

British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A CAMIDGE,

Manager.

ALSO up to date Sars DEPOSIT Boxes in various sizes To Lat. Hong Kong. 28th February, 1940.

HONGKONG SAVINGS

BANK

MAY 14, 1940. STOCKS

Last Sale

MAY 24, 1940 STOCKS

Last Sale

May 23

May 23

Adams Express 09.

47

Alleghany, Steel Co.

181

Allied Stores

47

Allis Chalmers

24

J. & Laughita Steel $7 pfd. Kermecott Copper ........ Lakey Foundry & Mac........ Libbey-Owens-Ford "Glass"

50

37+

21**

34

Aluminium Ltd.

52

Lockheed Aircraft

29†

Amer. Can

01

Loew's Inc.

218

| On Singapore:—

'Ameriean · Cyanainid B.

28

Loft Incorporated

174

On demand

58 3/4

Amer. & Foreign Power

Mack Truck Inc.

17

On Japan:

Amer & Foreign 37 pt.

12

Martin, Glen L.

331

On demand.............. 3 1/

American Gas & Elec, ....

25+

McKesson & Robbins, pf4. 18)

On India:-

Amer, Locomotive.

11

Monsanto Chemical

89

Telegraphic Transfer.

บ

New York, May 25, 1940.

"SINGAPORE RUBBER

Amer, Metals Co...........

14

Montgomery Ward

344

and demand..............

89 1/2

SPOT

Amer. Radiator

54-

National Aviatiori

On New York:---

101

Amer. Rolling Mil

101

Nat. Dairy Products

13

"

"Amer. 8'ting and Ring Co.

341

Nat. Distillers-

36-1/4 38-3/8 36-3/4 up 1/2 35-3/8 35-1/2 35-7/8 33-3/4 33-7/8

tip 172 34-1/2 up 1/3

&

.18 "

K. S. Morrison, Esq.,

Amer, Sugar Refining

15

National Gypsum

"51

On Batavia--

Amer. Tel & Tel.

147

National Lead

158

On demand

• 36 1/2

The market was' steady but quiet. LONDON. RUBBER

T. E. Pearce, Esq.,

Previous close. Today's close

Amer. Tobacco "B"

741

Nat, Power & Light

51

On Paris:-

buyers

buyers

Change

Amer. Waterworks

0

National Steel Corp.

40

Bank Bills, on demand 1090

SPOT

11-7/16

Anaconda Copper

.191

National Supply Corp.'

Credits 4 months' sight 1150

J.UNE

11-7/16

Atchison, T. & S. Ja

131

New York Central

10

On Saigon:-

JULY-SEPT.

11-3/8

Market closed

Auburn Motors

}

Niagara Hudson Power

On demand

108 3/4

OCT-DEC.

11-1/8

3+

Aviation Carp. '...

6

N. American Aviation

171

On Manila:

"JAN-MARCH

10-15/16

Bacock & Wilcox .....

101

North American, Co.

164

On demand

39

Amoy Bangkok

Johore Kobe

On Bangkok:-

Batavia

Kowloon

San

"Baldwin Lecometive

13

Northern Pacific

5

Baltimore & Ohio

31

Owens-Illinois Glass Do....

47

On-demand

140 1/2

* Bombay

Kuala

Calcutta

Barber Asphalt Co.

04

Pacific Gas & Elec

261

On Sterling Note:

Lumpur Shanghai

Canton

London"

Barnsdall ON

7

Pacific Lighting

· 38.

Bank Buying Rate

1/4

Chefoo

Bar Silver.për oz.

Bell Aircraft Corp.

171

Packard Motors..

24.

92 7/18

Lyons

Sourabaya

Colombo

Malacca

Bungel

Bendix Aviation

271

Pan-American Airways

127

Bethlehem Steel

661

Paramount Pictures

41

Market Report

Dairen Foochow

Manila

Patani

Muar

Swałow

Blas&Co.

141

Pennsylvania R.R

16%

Haiphong (Johore) Tientsin

Bankow

Mukden Tokyo

Boeing Airplane Co.

16

Phelps-Dodge

20it

Harbin

New York

Borg-Warner

14

Philadelphia Read, Coal

Bridgeport Brass Corp.

81

Phillips Petroleum

283

Briggs Mig.

14

Pittsburg Coke & Iron

51

Brooklyn-M'hattan Trans.. '18)

Public Service of NJ.

Brooklyn-Manhattan $6....

104*

Pullman Inc.

331 1722-

NEW YORK COMMODITY (REUTER'S SERVICE)

MÄRKET

Roilo.

Peiping

"Ipob

Penang

High Low

Budd M'facturing Corp.

38

Pure O........

7/

Canadian Pacific R'way

29

Radio Corpn. of Am

Case, JI

40

Reading Company,

Com

101

Celanese

211

Remington Arms Co., Inc.

31"

Chesapeake & Ohio

33

Republic Aviation Corp.

41

Chrysler Corpn.

583

Republic Steel

142

....

Climax-Molybdenum Co.

26

Revere Cop. & Brass Inc.

81

Ocits Patent Fire-Arms

71

Reynold Tobar. "B"

38

3/4.

Columbia Gas & Elec. .....

44

Richfeld Ol

01

MARKET

New York Cotton, July New York Rabber, "July Chicago Wheat, Sept. Chicago Cora, Sept........ New York Hides. June, NEW YORK COTTON July

9.52

· 9.44.

19.35

18.90

Close Close Change Prev. Today's

9.45 18.85

9.49 .04. up 19.30 .45 up

847.

831 83

844 # up

*62

611

618

621b 1 Lp

9.05

9.83

9.65

9.92 27 up

Close

Opening

Closing

Change

9.45/46

9.48/48

9.49/49.

.04 up

Columbia 6% "A" pf.

761

Safeway Stores

384

Qulet.

July (New contract) October

9.66 N

9.67b/70a

. 9.67 N

.01 up

(

}

8.81/81

8.81/81

8,79/79

.08 up

Commercial Credit Co.

30

Schenley Distillers

81

December

8.73/13

8.72/74

8.70/71

.03 off

Com. & Southern (Ord.)

13/16

Sears Roebuck

83

Consolidated Edison

243

Shell Union Of

Consolidated Ou

6.

Socony-Vacunum On

.8

Continental Can

..344

Southern Pacific

No business was reported. There were sellers at 1/2.31/32 May- October; buyers at 1/3 for any de- livery.

January (

}

8.88 N

8.65b/680

8.63 N

.03 off

中医

March

OC

).... 8.53. N

8.55/65

8.51/51

.04. off

is conducted by the HONGKONG

Continental O

19

Southern Rly $6 pfd.

141

May Spot

{

8.42/42

8.41/42

8.37/37

.05 off

10.37 N

10.41 N

.04 up

Total sales Friday:

42,300 bales.

Copperweld Steel

17

Sperry

38

Corn Products

40

Spicer Manufacturing Co. 224

Gurtiss Wright (C.)

81

Standard Brands

51

Ourtiss Wright "A"

224

Stand Gas & Elec.

If

Deers & Co.

141

Standard Of of California,

191

Distillers Corpn. Seagrams

127

Standard OU of N.J.

324

Douglas Aircraft

75}

Stone Webster

51

A small business was done at 19.15/18 for May delivery. The market closed with sellers at 19. 1/8 for May, probably June, buyers at 20 for Cash and 19.15/16 Arst week of June.

NEW YORK RUBBER May July

19.82 N

20.17 N

.35 wp

18.85/90

18.90/90

19.90/35

45 up

17.80/80

17.80/81

18.18/20

December

17.45/45

17.55/65

17.80/80

January

"17.35 N

unquoted

17.70 N

.38.up ..36 up 35 up

Du Pont de Nemours

154

Studebaker Com

31

Eagle Picher Lead

7

Swift International

163

Total sales:-830 tons. CHICAGO WHEAT

-Eaton Mfg. Co.

24

Technicolor

July

831/831

Elec. Autolite

263

Texas Corpn.

34

at 360.1/2,

September

831/831-

831/838 831/831

Elec. Bond & Share

4་

Texes Gulf Sulphur

272

December

841/841

841/85 .843/841 85/85

up

up

up

Elec. Band & Share $5 pí

451*

Timken-Axle

191

Elec. Bond & Share $5 pt.

55

Trans-America Co.

41

Elec. Power & Light $7 pi.

101

20th Cent. Fox

54

Spot and U.S.S, at 5.17/32 for Spot.

July

621/62+

321/82)

831/631

$up

Fisk Rubber

10"

20th Cent. Fox. $13 pt.

141

September

812/614

611/617

6216

up

Fintkote

111

Union Bag & Paper Corp.

94

Gen. American Trana

371

Union Carbide & Carbon

641

India Rupee Paper

December

593/592

60/591

WINNIPEG WHEAT

Gen. Electric

29

Union Pactic

73

Bombay, May 25 (Reuter),

May

71/71

25/75

up

..

Gen. Motors

"381

United Aircraft

414

Gort, 31% Rupee, 89-08-0.

July

711/12

721/721

781/761

41 up

Gen Rallway. Signal.

101

United Airlines Trans

131

October

74b

784781

44 up

4

Chen, Tire & Rubber

103

United Corpn.

11

NEW YORK HIDES

Glidden Co.

11

United Corpn. $3 cun pt.

281

K. & Shal Bank (Col

Junė

9.85b/"72a

9,70/75

9.92/92"

Goodrich (B.F.)

104

United Gas Corpn.

14

Iteg)

84

September

9.38/90

9.99/98

10.24/25

.38 up

Goodrich $5 pf.

46

United Gas Improvement

101

Chinese Eng. & Mining

December

10.15b/20a

10.20b/28a 10.48/48

33 up

Goodyear Tire & Co.

121

US. Industrual Alcohol.

15

(bearer)

18/8

Great Northern Iron Ore ..

121

US. Rubber

151

Chosen, Corporation

6/8

New York Oficial... 34-1/4 NY-London Cross Rate 3.18-3/4

unquoted 3.20

Great Northern Rly, pfd.

171

US Rubber $8 pfď.

731

Pekin Syndicate ..........

2

Great Westem Sugar

201

UB: Steel

44.

8'hai Elec. Constr. Co...

15

Greyhound Corpn.

10/

Vanadium

26

8'haf Waterworks "A"

15

Hercules Powder Co

761

Vultee Aircraft

Union Insurance

28

Homestake Mining

42

Walworth Co.

31

Gula Kalumpong Rubber

17/8

International Harvester÷

331

Warner Bros. Pict.

21

Allied Ironfounders ......

13

Int Nickel-

21

Westinghouse Elec.

834

Asso. & Elec. Industries 37/9

Inter. Paper & Power

111

Woodward Iron Cor.

167

Austin Motors, ord.......

12/6

Bombay, May 25 (Reuter). Market Steady. Oftake 150 bars. Indian Mint Silver

Int. Tel. & Tel

21

Johns-Manvlile

.48

Chase National Bank National City Bank

Cable & Wireless, New

Form, ord.

Ready

48

June 3 Settlement

B.-A. Tab. (bearer)

95

July 2 Bettlement

63-13 83-13 64-02

Mercantile Bank

121

•---bid.

1-ex div.

Cammell Laird, ord.

5/71

Mexican Eagle

ish

Calcutta Exchange

1939/40

May 24, 1940,

High

Change

Courtaulds

30"

15892 114 13 30 Industrials.

114.75

117.84 112.78 114.71

60/6

Calcutta, May 25 Reuter). TIT. on Japan, 99-3/8..

Straits.

35.90 22 16 20 Rails

22.21

83.84, 22.35 22.58

37 up

32/11

97.30 1831 20 Utilitien

1851

19.03 18.23 18.4%

75/9

22 23 23 21 40 Bonds

83.29

Commodity Index $1.73

83.10 51:35

Business Done-1,840,000 shares

DOW JONES AVERAGE

Low Dow Joned Averages, May. 22, High Low Close

||

16

U. S. DOLLARS

SHANGHAI DOLLARS

Quiet Sellers at 359.1/2 buyers

SHANGHAI MARKET

Sterling sellers at 4.9/64 for

04 off Distillers ........................

Dunlop Rubber

09 off Ger: Electric (England) .18 of Guinness (A) Son & Co. 71 38 off Hawker Siddeley Airc. ...

9/11" Bristol Aeroplane ...................... 10/6 Imperial: Chemical Ind. 28/6- Imperial Tobacco R........... 98/9 Marks & Sp'eer "A" ord.

(EZOTER'S SERVICE)

Rolls Royce

Chin. Imperial Rly, 5%

Loan

Leyland. Motors

60

Tate & Lyle

12

65,87 4559 11

LONDON STOCK EXCHANGE

London, May 24

The following quotations are the

middle prices at the close of the Hanan Riy, 5%

market in London. All quotations | Kuruang Rly. 1%, 1911... 16 are subject to confirmation and no Bukuang Rly. 5%, 1911 responsibility, is assumed for errors

(German Issue)........ 13

Lung Talig U.Hai

B'hai-N'King Ely. 5%

Tientsin-Pukaw Rly, 5%

Turner & Newall

United Steel

Rly. 5% 1913

** 238.

September

Friday's sales:-7,977,000 bushels. CHICAGO COEN

SILVER MARKET

BOMBAY SILVER

37 up

LONDON METALS

EXCHANGE London. May 24 (Renter),

TIN.

buyers - sellers

起 £

Standard, Cash' 267-1/2 267-3/4 Standard,

3 months 265-1/4 285-1/2 Standard,

Bet'ment Price 267-1/2 Market:--Easier.

287-3/4

THE CHASE BANK

The Business of the above Bank 10, QUEEN'S ROAD, CENTRAL

& SHANGHAI BANKING - COR~] PORATION, Bules may be obtain- ad on application.

For the HONGKONG & SHANGHA:

"BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1939.

BANK OF EAST ASIA, LIMITED

ولا

Authorised Capital......$10,000,000, 00: Paid-Up Capital 5,598,600.00 Reserve and Undivided

Profits

2,083,251.50,

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

Board of Directors:

SI SHOUSON Cnow, Chairman Ll Kova Chm. Esq. LiLn Sung, Beq. F. K. Kwok, Esq. Woar Cha Sơn. Đ Wong Yra Trey, Eng, Kan Ying Po, Esq. - Chan Ching Bhok, Raq, Fung Ping Wah Esq KAN TONG.PO, Esq., Chief Manager Li Ter Foxo, Esq., Manager

Amay

Branches and Agencies:- --

Bateria Bombay Chlorida.

Halphous Hankow

Honolul Kobe

Kareloom Penang

Klingspors Loodan Rangoon Barrabaya Manila.. Saigon Awolow Malbourne San Fran. `Sydney

ciao, lakin

Semarang Shangha

New Lock Battle Parin

וי-

Palping

Every description of Banking and Exchange business transacted. Loans

HEAD OFFICE:-

18, PINK STREET,

* NEW YORK: An American Bank offering com- plate Foreign Banking Bervice in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank in entirely owned by TEL CHANK ΝΑΤΙΟΝΑΣ ΒΑΣΙΣ, New Youx, with Resourosa 'olzerát 1.8.$2,900,000,000.

D. M. BIGGAR,

Second Vice Prie

BANK OF CHINA

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

BANK

PAID-UP CAPITAL 840,000,000,00 (BEANCHES ALL OVER CHINA) Owing to our numerous Branebes in Ching and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Doraestio and Foreign Banking and Exchange.

Head Office:-BHANGHAI Hong Kong Branch:

KONGMOON TOISHAN

KINGOHOW

4, QUEEN'S ROAD, C. South China Offices: granted on approved securities

Current Accounts opened in Local CANTON Currency and Fixed Deposits rSWATOW ceived for one year or shorter

SHIUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.

"SAVE EXPOSIT BOXES TO LET.

KAN TONG 'PO,

Chief Manager.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Bervices for Cargo and Passengers

SWATOW, SHANGHAL, TSINGTAU, CHEFOO'

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

A SÄNDAKAN"-

HAIPHONG

All steamers berth alongside

38/3

80

57/8

50/104

TO

61/6

......

20/6

Smethwick Drop Forg.

13/9

in transmission.

Armstrong Stevens, ord. Pressed Steel, com

8/8

14/13

Vickerz, ord.

14/74

War Loan, 3}%" (Red

after 1952)........

Woolworths

55

981

Anglo-Dutch

19

3

Canton-Kloon Rly. 5%

10

(Brit. Atpd.)

Chinese 41% Gold Lean

1898 (Brit. Issue)......

47

Chinese 5% Gold Bonds,

1925-47

Chin 41% Anglo-French

Loan, 1908

40

Chinese 5% Crisp Loan.

Tientsin-Púkow Rly. 5%

(German. Stpd.) Tientsin-Pukow Rly. 5%

(Brit. Stpd. Bupl, Loan) 2 Tientsin-Pukow Rly, 5%

(Ger. Stpd. Supl Loan)? 9

38 Jap. 5% Ster, Loan, 1907

9

Rub. Plant. Invest. Trust Burma Corporation Commonwealth Mining Mazzman Investments Randfontein Estates Western Holdinga ................

25/7} 7/23

10/6

38/11

10

For further particulars

Sub-Nigel .....

187/8

plosae apply to-

Tanami Gold, Mining

41d

1912...

18

Jap. 6% Ster. Loan, 1924 44

| Anglo-Iranian

4879

Chinese 5% Reorg, Loan,

1913 (Lan. Is.)

28

Ger, 7% Intl. Loan, 1924 € Chartered Bank

Burmah

63/11

81

Shell Trans, & Trad.

Chinese 8% Ster. Noter,

HK & Shai Bank (Ldn.

(bearer)

62/8

1925 (Vickers)

8

Reg.)

827

C-Nominal

the Roosevelt Terminal in

the French Concession at

Shanghai, where passengers

and cargo are landed..

JARDINE MATHESON&Co.,L TELEPHONE ZOZILO GENERAL MANAGERS:

We also handle the issue of Bonds and other Publio Fands of the Chinese Government both at Home and Abroad.

SHOU J. CHEN,

Manager,

THE KWANGTUNG.. PROVINCIAL

NBANK..

Incorporated' in Cihlas)'

General Banking Freiliitos, and Financial Agents to The Provincial Government of Kwangiang Head Office-Shinkwan, Kwangtang Provinos

· Hongkong Branch-Queen's Bldg., & Chater Hd: Cable Addrzew—“PROVINCIAL” 2030, 9443. Telephones:

2011, 20113, 20145, 20181, 81681" BRANCHES THROUGHOUT HE SOUTH CHINA” DAN

Correspondents in New York and London | Paid Up Capital ...........:) N$10,000,000. Reserve Capital .............. N$10,500,000.

AUYANG MANLY, A Hongkong ManguÍS

A Job?

WANT ADS

11