On demand................
| On Blagapore;—
On "demand
PAGE 10-HONGKONG DAILY PRESS
FOREIGN MARKETS AND QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW -
(FROM PAYNE & CO.)
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
MAY 27, 1948,
On London:-
Telegraphic Transfer. 1/2 7/8. Bank Bills, on demand 1/9 7/8 Credits 4 months' sight 1/3 9/
Or Shanghai:----
FINANCE
NEW YORK STOCK EXCHANGE
QUOTATION "(HEFTER'S SKRVIOR)
MAY 10, 1940, STOCKS
Last Sale
MAY 24, 1940 STOCKS
TUESDAY, MAY 28, 1940.
BANKS
BONGKONG & SHANGHAI THE CHARTERED BANK OF
May 23
Last Sale
May 23
BANKING CORPORATION
Adams Express
47
J. & Laughlin Steel $7 pfd. 50
Alleghany Steel Co.
18.
Kennecott Copper
271
Authorised Capital $50,000,000
INDIA, AUSTRALIA AND CHINA.
Allied Stores
47
Lakey Foundry & Mac,
}l
Allis Chalmèrs.
24
Libbey-Owens-Ford Glass
34
Aluminium Ltd,
52
Lockheed Aircraft
291
"Amer. Can
91
Loew's Inc.
214
Beserve Liability of
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1853
Reserve Fande: Starling ......... £6,500,000 Reserve Fand
Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
.£3,000,000 ...£3,000,000
American Cyanamaid B.
281.
Loft Incorperated .....
177
***
Proprietors...
.$90,000,000
prietors
£3,000,000
345
Be 3/4
Amer. & Foreign Power Amer, & Foreign $7 pf.
Mack Truck me.
171
HEAD OFFICE: LONDON:
12:
Martin, Glen L ....
381
Head Office:-HONG KONG
On Japan:-
American Gas & Elec.
26
McKesson & Robbins, pfd. 181
Amer, Locomotive
11
Monsanto Chemical
894
New York. May 25, 1940.
On demand
83
Previous . May 25
Amer. Metals Co.
14
Montgomery Ward
344
On India:
SINGAPORE KUBBER
Closing Opening Closing Change
Buyers Buyers
"
SPOT
38-1/4
36-3/4 ,96-378
up 1/2
Telegraphic Transfer. and demand ............................ on New York:-
ן.
Amer. Radiator.....
5+
National Aviation
10
+89 1/2
Amer. Rollag ‘Mill.
101
Nat Dairy Producta
13
Amer. Sting and Ring Co.
344
Nat, Distillers....
18
JULY-SEPT. .....
35-3/8
35-1/2
35-7/8
p 172
OCT.-DEC.
33-3/4 33-7/8
34-1/2
up 1/2
The market was steady but quiet.
On Batavia
LONDON RUBBER
Previous close Today's close
buyers
buyers
Change
On Paris:
БРОТ
11-7/18
JUNE
JULY-SEPT.
OCT.-DEC.
JAN.-MARCH
11-7/10
Bank Bills, on demand 19 5/5 Credits, 60 days' sight 20 5/8
On demand
Bank Blils, on demand 1000 Credits 4 months' sight 1100
Amer, Sugar Refining
15
National Gypsum
51
Amer. Tel, & Tel.
1474.
National Lead
154
· Board of Directors" . E. V. Wilkinson, Esq.
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman. J. A. Bousfeld, Esq.,-- A. H. Compton, Esq.
Hoo. Mr. S. E. Dodwell,
Amer, Tobacco "B"
74+
Nat, Power & Light
51
G. Miskiu, Esq.,
HARBIN
.... 38 3/4
Amer. Waterworks
(National Steel Cörp.
49
K. S. Morrison, Esq.;
Anaconda Copper' .....
191
National Supply Corp.
41
T. E. Pearce, Esq.,
Atchison, T. & S. Fa
131
New York Central ....
10
C. C. Roberta, Esq.,
LINGIDE BATAVIA
30, Bishopsgata E.C... Sub-Ageneles in London:
117/199, Leadenhall Street, E.C.x West End Branch: 14/18, Cockapur Street, B.W.1. Manchester Branch:
52. Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
ALOR STAR
AMITAB
HONG KONG ILOILO IPOH
PENANG
KANGOON BAIGON A
Auburn Motors
Niagara Eudson Power
31.
Hon. Mr. A. L. Shielda,
BOMBAY
KABACH:
PEREMBAN SHANGHAI,
11-3/8.
Marke: closed
:1-1/8
10-15/16
9.67b/70a 8.81/81 8.72/747 8.65b/88a 8.55/55
Total sales Friday:-42,300 bales.
NEW YORK RUBBER
May....
July
September
December
January
Total sales:--830 tons,
Friday's sales-7,977,000 bushels.
NY-London Cross Rate 3,18-3/4
MARKET
New York Cotton, July
9.52
New York Rubber, July
19.35
Chicago Wheat, Sept.
847
Chicago Corn, Sept.
631
"New York Hidea, June
NEW YORK COTTON
July
9.95 9.63
Close High. Low
Close Change Prev. Today's 9.44 9.45 9.49 04 up 18.90... 18.85 19.30 45 up 831 834 847 1 up
811 B1A
621b 1 LD 9.65b. 9.92 27 up
Quiet.
Close -9.45/48
'G
Opening "9.48/48
Closing
Change
.. 9,40/40
.04 up
July (New contract)...
9.66 N
9.67 N
October t
December
.)
}
8,81/81
8.79/79
08 up
any delivery
8.73/73
8.70/71
.03 off
January
8.66 N
8.63 N
03 off
March
ar
......8.53 N
8.51/51
04 of
May
"8.42/42
8.41/42
⚫ 8.37/37
Spot
10.37 N
10.41 N
.05 of .04. up
19.83 N
20.17. N
35 up
18.85/90
18.90/90
19.30/35
.45 up
17.80/80
17.80/81
18.18/20
17.45/45
17.55/55
17.80/80
35 up
17.35 N
unquoted
17.70 N
35 up
CHICAGO WHEAT
July
.... 83/837
834/83)
817/85
up
September
831,831
831/831
847/841
1 up
December
..... 843/841
851/85)
1
up
CHICAGO CORN
July
621/62)
621/621
631/631
up
Duu
September
014/611
611/021
621b
.1
up.
December
594/50
60/597
I up
WINNIPEG WHEAT
May
71/71
July
717/72
724/721
75/75 761/761
4
42 up
October
7416
782787
4 up
NEW YORK HIDES
June"
9.66b/72a 9.70/75
9.92/92
27 up
September
9.88/99
·9.99/08/
10.24/25
38 up
4
December
10.15b/201
10.30b/28a 10.48/48
New York Official
34-1/4
unquoted 3.20≫
NEW YORK COTTON: The majority of the Trade" belloves that a higher lean basis of 0 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 78 or 79.
NEW YORK STOCKS:
114.75; Change, up. 81
NEW YORK COMMODITY
(REUTER'S SERVICE)
In Bangkok:
On demand
On Sterling Notes:-
On Saigon:
On demand
On Manila:-
On demand
Aviation Corp.
6
N. American Aviation
171
DALCUTTA - "
KLANG
SINGAPOR
108 3/4
Bacock & Wilcox
107
North American Co.
16
Sir Vandeleur M. Graybarn,
AGENCIES: KOBE
SITIAWAN
Baldwin Lecometive
13
Northern Pacific
5
Chief Manager. O STAT KUALA
FAIRLIK PLACE
SCURABATA
CANTON
LUMPUS
TAIPING
39 1/4
Baltimore & Ohlo
.3+
Owens-linols Glass Co...
47
Branches:
Barber Asphalt Co.
94
Pacific Gas & Mec
201
Amor "Johore
Barnsdall Ou
7
149 3/9
Pacific Lighting
38
t Rangoon
CAWNPOEN
KUCHING
C4U
14
MADRAS
Bangkok Kobe..
Saigon.
Bell Aircraft Corp.
173
Packard Motors
2
Batavia
Kowlcon
San
COLOMBO... DELHI
MANILA
TIENTSIN TONGEAN
(Bhukst)
MEDAN
TSINGTAO
Bank Buying Rate Bar Silver per oz.
1/4
Bendix Aviation
91 7/16
Bethlehem Steel
Bliss & Co.
ww
Previous close. 113.94; Today's close.
Market Report
FROM ROZA, BROS. Silver prices were unchanged yesterday, the quotations remain- ing t 22.7/16 for Ready and 22. 1/4 for Forward, Silver advices were not received, The New York Silver market was closed yester-
day.
The London-New York cross- rate was quoted at 402.1/2. New York/London was quoted at 320
MARKET
STERLING
There were sellera at 1/2.31/32
01. Up up to October, buyers at 1/3 for
.38 up
U., S. DOLLARS
A small business was done at 19. 15/16
June delivery. for
The market closed at 1 p.m. with sel- lers at .19.15/16 May and 19.7/8 June, buyers at 20 for Cash and probably 1935/16 June,
SHANGHAI " DOLLARSTM opened with sellers at 360 and towards 1 p.m. there were sellers at 383 for Spot
SHANGHAI MARKET
Early advices reported sellers at 4.9/64 for Sterling and 6.17/32 for us. Dollars. Towards the close the market was reported as being a shade easier
AFTERNOON' MARKET'
STERLING
The market closed with sellera
at 1/2.31/32 up to October, buyersGen. Tire & Rubber
at 1/3 for any delivery, Up
U.S. DOLLARS
doing. The market .. Nothing closed" with sellers at 19.15/10 May/ first week June and 19.7/8 June, buyers at 20 for Cash and 19.15/16. 33 up June,"
SHANGHAI DOLLARS
Boeing Airplane Co
Borg-Warner'....
Bridgeport Brass Corp. Briggs Mfg.
Brooklyn-M'hattan
Brooklyn-Manhattan $8.... Budd M'facturing Corp. Canadian Pacific R'way Case, JI
Delanese
Chesapeake & Ohio Chrysler Corgn.
Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Gas & Elec... Columbia 5% "A" pl. ....
Commercial Credit Co.
Com, & Bouthern (Ord.)
Consolidated Edison
Consolidated On
Contactat Gan
Continental. Of
Copperweld Steel
Corn Products
Curtis Wright (C)
Curtiss Wright "A"
Deere & Co.
Distillers Corpri., SeagramIS
Douglas Aircraft.
Du Pont de Nemours
Eagle Picher Lead
Eaton Mfg. Co.
Elec. Autolite
Elec. Bond & Share
Elec. Bond & Share $5 pf.
Fec. Band & Share $5 pt.
Elec. Power & Light 57 pt.
Fisk Rubber
Fintkote
Gen.' American Trană.
Gen. Electric
Gen. Motors
Gen. Railway Signal
Glidden Co.
Goodrich (B.F.).
Goodrich $5 pf
Goodyear Tire & Co.
Great Northern Iron Ore
Great Northern Rly, pid,
303.
P
LONDON STOCK
(REUTER'S SERVICE)
London, May 14 Ger, 1% Intl. Loan, 1924 8
The following quotations are the Chartered Bank 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.
EXCHANGE
Shanghai Exchange
Shanghai, May 27 (Reuter),
Official T.T. Rates
Great Western Skigaz Greyhound Corpe. Hercules Powder Co. Homestake Mining International Harvester Int Nickel
Inter. Paper & Power Int. Tel & Tel.
Johns-Manville
Opening
0/3-7/8
5-1/8
Sellers
21-7/8 21-1/2
0/3-63/64 0/3-91/52
DOW JONES AVERAGE
May 21, 1940,
Low Dow Jones Averages. May. 1, High Low Close Change
32 22 83.21 40 Bonda
114.78
- 92.91 18 51
117.84 11278 114.71 23.24 22.36 2868 19,03 18.23 1849
83.98...
[04:off 37 up .09 off 83.10 .18 off 61.35 38 off Business Dons:-1,840,000 shares
66.67 45.69 11 Commodity Index 51.73
Haiphong (Johora) Tientsin
Mukden Tokyo
New York Tsingtao Peiping Tokobama
Penang
NEW YORK
PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS · Opened and FIXED DEPOAITS received for One Year or shorter periods in Local or Other Currencies at rate which will be quoted on application.
SAVINGS ACCOUNT also" opened in CURRENT ACCOUNT opened in interest allowed at rates obtainable Local Currency and Sterling with LOCAL CURRENCY and FIXED DEPOSITS on application.
received for one year or shorter
periods in Local and other Car- 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.
in various sizes To LIT Hong Kong. 28th February, 1940.
ALSO up to date Sara Drosir British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
BANK
THE CHASE. BANK
The Business of the above Bank 18, QUEEN'S ROAD, CENTRAL
For the HONGKONG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1539.
Authorised Capital......$10,000,000,00 Paid-Up Capital 5,598,600.00 Reserve and Undivided
Profite
Head Office:-EONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
SIE SHOUBON Cnow, Chairman
Li Lan Bang, Eaq, Wong Chu Son, £19. Wong Tan Tong, Esq. Kan Ying Po, Bag, Chan Ching Bhok, Esq. Fing Ping Wah Esq KAN TONG Po, Esq., Chief Manager Lr Tax Foxa, Esq, Manager
Branches and Agencies:--
Karoon PROAK Bingapore London £tangocs Bourabay
Belroo Bwakow Melbourne Bax Fran- Bydr
Bemi-ang Peiplog Shanghai
Deter
Every description of Banking and Exchange business transacted. Lorne granted on approved securities.
Current Accounts opened in Local Currency and Fixed Depositare ceived for one year or shorter periods in Local and Foreign. Cur- rencies on terms which will be quoted on application.
BATE CEPOSIT Boxes To LET.
KAN TONG PO,
Ohief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
London
New York
HK & Bhai Bank (Lan.
Reg.) HK & Bhai Bank (Col
Reg)
Japan ......
824
India
1039/40
Parts
84
Hongkong
Chinese Eng. & Mining
(bearer)
2.84 ....... 25-3/4 Sterling'
High
155,92 114.13 30 "Industriais
35.90 22.15 20 Rails
18/6
27.70 18,34 20 Utilities
War Loan, 31% (Red
after 1952)
Chasen Corporation
6/8
Opening Closing
Canton-K'loon Rly. 5% Chinese 44% Gold Loan
1898 (Brit. Issue) si..........
47
Chinese 5% Gold Bonds, "
1925-47.....
45
Chin. 44%. Angio-French
Loan, 1908
45
Chinese 5% Crisp Loan,
1912
1913 (Lan. IX.)
Chinese 5%Reofg. Loan.
Chinese 8% Stér. Notes.
1925 (Vickers)
Chin. Imperial Rly, 5%
Loan
ཤྰབཏྠཱ་བྷཱུ ཝཱསྶ, 。
981
Pekin Syndicate
2
Spot
0/4-9/04 0/4-1/8
10
S'hal Elec. Constr. Co.
15
May
0/4-9/64 0/4-1/8
S'hal Waterworks "A"
15
June
Union Insurance
28
U.S. Dollars
Gula Kalumpong Rubber 17/6-
Allied. Ironfounders
13 **
Spot
$5-17/32
$5-17/33
Asso. & Elec, Industries 37/9 Austin Motors, ard...
May
5-17/32
5-17/32
12/6
June
5-9/32.
5-9/32
Cable & Wireless, New
Market: Quiet
18
Form, ord.
48
Silver Duty Rate
B-A, Tob, (bearer)
05
Mercantile Bank
127
Cammell Laird, ord.)
5/7}
The Central Bank of China's rate on London at 10 am. today was 1/2-1/2d.
-
TO-
"
Mexican Eagle
4
€0
Courtaulds
Distillers
30
The Equalisation rate was 18-3/4 per cent.
.60/6
Honan Rly, 3%
12
Dunlop, Rubber
32/11
Hukuang Rly: 5%, 1911... 16
Gen. Electric (England)
75/9
Hukuang Rly. 5%, 1911'
Gulones (A) Ban & Co.
Th
Woolworths
56
German Issue)
13
Hawker Siddeley Aire,
9/7
Anglo-Dutch
19.
Luog Tsing. U. Hai
Bristol Aeroplane
10/6
Rab, Plant. Invest. Trust 25/77
Rly., 5% 1913
11.
Imperial Chemical Ind,
28/6
Burma Corporation
7/71
S'hal-N'King Rly, 5%...
17
Imperial Tobacco...
98/9
Commonwealth Mining
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Marks & Sp'cer "A" ord.
38/3
Margman Investments ...
Rolls Royce
80"
Randfontein Estates
10/8 38/14"
Tientsin-Pukow" Rly, 5%
Leyland Motors .........
57/6
Western Holdings
10
(German Stpd.) ............... Tientsin-Pukow Rly. 5% *(Brit. Stpd, Bupl, Loan) Tientsin-Pukow Rly. 5% (Ger. 8tpd. Bupl, Loan) Jap. 5% ater. Loan, 1907 Jap, 6% Éter, Loan. 1924, 44.
9
Tale Lyle
50/10
Sub-Nigel
187/6
Turner & Newall
61/6
Tanami Gold Mining
414
9
United Steel
20/8.
Anglo-Iranian
43/9
Smethwick Drop Forg.
13/9
Burmah
63/1
9
Armstrong Steveas, ord. 878
Shell Trana, & Trad.
38
Pressed Steel, com......
14/12
'(bearer)
62/6
Vickers, ord.
· 14/73
*Nominal
SWATOW, SHANGHAI," TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA:
BINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamere 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.,Lrm. TELEPHONE ZOJILL GENERAL MANAGERS ME
HEAD OFFICE:
18, PINE STEKET,
NEW YORK. An American" Bank offering com- plete" Foreign Banking Servios in the principal Markets of the world'
Interest Rates on Application
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, New York, with Rasonress of ove U.A.$2,900,000,000,
D. M. BIGGAR,
Second Vice Pru
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN ENTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connection 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.
w
Bead Office:-SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW SHIUCHOW
“KONGMOON
TUISHAN KINGCHOW We also handle the issue of Bonds and other Publia Funds of the Chinese Government both at Home and abroad.
SHOU. J. CHEN,
Kanager.
THE KWANGTUNG PROVINCIAL
DA BANK
· (Laserporated in fihina)
General Banking Faalities and Financial Agnuta to
The Frovincial Goverpot of
of Kwangtung
·Bend Once-Shinkwan, Kwulgtung Previnos Hongkong Bratch-Queen's Bldg., • Chater Ed, Cable Addrama” PROVINCIAL” 1899, DEAD.
Telephones:
*
20113, 20113, 20143_20181, 31681.
BRANCHES THROUGHOUT SOUTH CHINA « Correspondents in Maw York and Londen Paid Up Capital N$10,000,000.
Reserve Capitāl
N$10,500,000.
AUYANG M«NEY,
Bangkong Mazszar.
A Job
WANT ADS
271
Pan-American Airways
124
Bombay
Kuala
Francisco EAIPHONG
ΥΟΚΟΗΑΜΑ
851
Paramount Pictures
41
Calcutta Lumpur Shanghai HAMBURO
142
Pennsylvania R.R
104
Canton
London
10)
Phelps-Dodge
261
Chefoo
LYDDS
Colombo
14
Philadelphia Read, Coal
Malacca Sungai
Singapore HANKOT Sourabaya
Dairen
Manila
BL
...
Phillips Petroleumi
287
Foochow
Munr
Patani Swatow
14.
Pittsburg, Coke & Iron
51
Trans.
183
Public Service of NJ.
331
Bankow
104.
Pullman Inc.
17#
Harbin
31
Pure Oll.....
73
Ilailė
21
Radio Corpa, at Am.
47
Ipoh.
40
Reading Company,
Com
181
21
Remington Arms Co., Inc.
31*
33
Republic Aviation Corp. ...
41
531
Republic Steel
141
23
Revere Cop. & Brass Inc.
84
11
Reynold Tobac, "B"
36
41
Richfeld Of
61
.76%
Safeway Stores
384
Box
30
Schenley Distillers:
81
13/10
Bears Roebuck
83
241
Shell Union Off
8
6 %
Socopy-Vacunum Of
HONGKONG SAVINGS
34+
Southern Pacific
7
19
| Southern Rly $5 pfd.
14
!
17
Sperry
38
46
Spicer Manufacturing Co. 224
81
Standard Brands
51
234
Bland Gas & Elec.
11
441
Standard OH of California. 18
is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application,
127
Standard Ol of N.J.
32
751
Stone & Webster
.5+
154 +
Studebaker Com.
B
7.
Swift International
184
24
Technicolor
281
Texus, Corpm:
34
Texes Gulf Sulphur
271
454*
Į Timken-Axle
...
191
BANK OF EAST ASIA, LIMITED
551
Trans-America: Co.
41
19+
20th Cent. Fox.......
54
10*
20th Cent. Fox. $14 pt. .....
143
11}
Union Bag & Paper Corp.
371
Union Carbide & Carbon
64%
.9,083,981.50
29
Union Facia
.73
387
United Aircraft
414
10
United Airlines Trans ............
13
101
United Corpni, "
11
11
United Corpn. $3. cum pf.
281
101
United Gas. Corpm,
14
48
United Gas Improvement
101
Li Koan Chun, Eng.
127
US., Industrual Alcohol.
15
P. E. Kwok, Esq.
121
US. Rubber
151
17
US. Rubber $8 pfd.
731
201
0.8. Steel
44
101
Vanadium
201
767
Vultee. Aircraft
Â
42 1381
Walworth Co.
31
ADDY
Warner Bros. Pict
21
Bombay
21
Westinghouse Elec,
834
Cafecta
114
21
48
Woodward Iron Cor. Chase National Bank National City Bank
187
Halybong Bankow
Homola
New York Satta Parla
Lobe
*-bid.
-ex-div
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