1940-05-29 — Page 10

Buyers Buyers

Bank Bills, on demand 19 B/S Credits, 60 days sight to 5/8

On Batavia :--

On demand ...................................... 38. 3/4

On Paris:-

Bank Bills, on demand 1000 Credits 4 months' sight 1150

On Saigon:-

On demand

SPOT JULY-SEPT.

OCT.-DEC.

SPOT

36-3/4

36-7/8

PAGE: 10-HONGKONG DAILY PRESS

FOREIGN MARKETS AND QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 28, 1940

On London:

Telegraphic Transter. 7/8 Bank Bills, an demand 1% 7/8 Credits 4 months' sight 1/3 3/1

“On Shanghalim

On demand.

On demand ......................................... 83

PAYNE & CO.

COMMODITY BROKERS - STOCK EXCHANGE BUILDING

HONGKONG,

COMMODITY MARKET REVIEW

(FROM PAYNE & co).

350

On Singapore:-

On demand

52 3/4

On Japan:-

On India:--

Telegraphic

Transfer.

New York, May 27, 1940.

SINGAPORE RUBBER

and demand ......

99 1/2

On New York:-

Previous

May 27

Closing Opening Closing Change

FINANCE

NEW

YORK STOCK EXCHANGE"

QUOTATION

(REUTEK'S SIRVION)

MAY 10, 1940. STOCKS

Lant Sale

MAY 28, 1940 STOCKS

May 27

Last Sale May 27

BANKING CORPORATION

Adams Express

5+

Alleghany Steel Co

181

J. & Laughlin Steel 57 pfd. 511 Kennecott Copper

291

Authorised Capital $80,000,000

Allied Stores

51

Lakey Foundry & Mac.

3

Allis Chalmary"

243

Libbey-Owens-Ford Glass 347

Aluminium Ltd.

58

Lockheed Aircraft

"30%"

Reserve Funds: Sterlinge i

'Amer. Can

201

Loew's Dac.

234

American Cyanamid B.

31z

Loft Incorperated

181

Proprietor

Amer. Foreign Power

11

Mack Truck me.

$90,000,000

193

WEDNESDAY, MAY 29, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charter, 1855

Paid-up Capital £6,500,000 Reserve Fund......

........£3,000,000 ...$3,000,000

pristora

HEAD OFFICE: LONDON:

£3,000,000

B.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

INDIA, AUSTRALIA

AN AND CHINA

Amer & Foreign ST pf.

123

Martin, Glen

34

Head Office:—HONG KONG.

American Gas & Elec.

271

McKesson & Robbins, pf4. ' 194

Amer. "Locomotive

11

Monsanto. Chemical

013

Amer. Metals Co.

13

Montgomery Ward

35

Amer. Radiator

5+

National Aviation

111

Amer. Rolling M

104

Nat Dairy Products

13

36-7/B

up 1/8

Amer. 8'ting and Ring Co. 361

Nat Distillers

اور

193

Amer, Sugar Renning

15

35-7/8

36 cts.

36 cts.

op 1/8

National Gypsum

57

34-1/4 34-3/8 -34-1/2

up 1/4

Amer. Tel & Tel

1497

National Lead

15%

Amer. Tobacco “B”

75+

Nat, Power & Light ..::

6

The market was quiet but steady: LONDON RUBBER

Amer, Waterworks

61

National Steel Corp.

52

G. Miskia, Esq.,

Previous close Today's close

Anaconda Copper

92

National Supply Corp.

K. S. Morrison, Esq.,

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

Chairman. Hon. Mr. J...J. Paterson,

Deputy Chairman. J. K. Bousfield, Esq., A. H. Compton, Esq.,

Hoo, Mr. S. H. Dodwell,

38, Bishopsgate, E.0.2. Sup-Agencies in London: 117/123, Leadenhall Street, E.Qa West End Branch: 14/18," Cockspur” Street, S.W.L Manchester Branch: 52. Mosley Street, Manchester,

AGENCIES AND BRANCHES:

HARDIN

PENANG HONG KONG MANGGON

ALOR STAR AMRITUAK

.51

T. E. Pearce, Esq.,

buyers

buyers

Change:.

Atchison, T. & S. Fe

141

New York Central .........

101

0.0. Roberts, Esq..

11-7/16

11-5/8

41

JUNE

11-7/18

11-9/16

up 3/16 up 1/8

Auburn Motors

Niagara Hudson Power

33

Aviation Corp.

57

N. American Aviation

18

On Manila:----

On demand

39 1/4

JAN-MARCH

On Bangkok:-

The market was steadier-

On demand ...

120 1/2

On Sterling Notes:-

...

Bank Buying Rate

1/4 ·

108 3:4 JULY-SEPT.

OCT-DEC.;

11-3/8

1

11-1/2

Bacock & Wilcox

20**

North American Co.

18

11-1/8 10-15/16

11-1/4

Baldwin: Lecometive

14)

"

Northern Partic

51

10-15/16

unch.

Baltimore & Oblo

31

Owens-Пlinois Glass Co.

46

Branches:

Barber Asphalt Do.

101

Pacific Gas & Elec

Hon. Mr. A. L. Shields,

Sir Vandeleur M. Grayburo,

Chief Manager.

BOMBAY

CALCUTTA

AGENCIES:

Oliva StarUS FAIRLIS PLACE CANTON LAWXFORE

KUALA

KOBB

BANGKOK BATAVIA

ILOILO [PDB

SAIGON

SEREMBAN

KARACH KLANG

SHANGHAI

BINGAPOR

KITIAWAN

271

Barnsdall Ou

July (New contract) October

(

}

December January March May Spot

}

}

11

>

{

}

Bar Silver per oz....... 13/16

"Market Report

FROM ROZA, BROS. Silver prices dropped yesterday to the extent of 1/8 for Ready and 7/16 for Forward, the quotations being 23.5/18 and 21.13/16 respec- Evely. Silver advices reported In- dia as havirig re-sold for Forward delivery. The Cash market was steady. The market closed steady but quiet. American Silver Was quoted at 35.1/4 for Spot.

cross

The London-New York rate was quoted at 402.1/2. New York/London was quoted at, 319. 3/8.

Quiet

MARKET

STERLING

There were sellers at 1/2.31/32 May/October, buyers ut 1/3 For any delivery.

"U.S. DOLLARS Nothing doing. There were se! lers at 19.7/8 May and 19 13/15 June, buyers, at 20 zor Cash and 18.15/15 first half of June.

SHANGHAI DOLLARS Business was done early in the morning at 3621/2 for Cash fel- lowed by transactions at 362, 361, 1/2 and 361, 364 and 363 were also arranged to the end of May. Towards 1 pm, there were, sellers at 361.1/2, buyers probably at 302 for Cash.

SHANGHAI ‘DOLLARS

NEW YORK - COTTON: The firmness of nears

reflects strength of the Spot situation. Further irregular tightening of old erops is indicated. We expect July eventually above 10 cents,

NEW YORK RUBBER: The market is awaiting clarification of the Far Eastern developments. Trade shorts were the chief buyers. CHICAGO WHEAT: The bearish supply situation and the apathetic state of export enquiries remain unchanged. *

NEW YORK STOCKS: Previous "close, 114,75; Today's close, 116.35: Change, up 1.60.

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

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

Chicago Corn, Sept. New York Hides, June

NEW YORK COTTON July

'Total sales, Saturday:-18,200 bales,

NEW YORK RUBBER

May July September December January

Total sales:-1,500 tons,'

CHICAGO WHEAT

Sterling The highest rate repor- July ted was 45/32. Towards I p.m. sel-September lers were reported at 41/8, buyers December probably at 4.9/64" for Snot

AFTERNOON MARKET.

Saturday's sales:-11,759,000 bushels.

Bliss & Co.

the

Bell Aircraft Corp.

Bendix Aviation

Bethlehem Steel

Boeing Airplane.Co.

Borg-Warner

Bridgeport Brass Corp. Briggs Mig.

Brooklyn-M'hattan Trans. Brooklyn-Manhattan $6... Budd M'facturing Corp....

"Canadian Pacific R'way Case, JI

Celanese

Chesapeake & Ohio

High Low Close Close Change

Prev. Today's 9.67 9.57 .9.49 9.82 13. up 19.58 19.25 19.30 19.55 .25 up 851 63 841 83 1 off 63 821 621 62% off

·10.09. 9.81" 9.92 9.81b 11 of

Chrysler Coron...................

Climax-Molybdenum Co...

Colts Patent Fire-Arms

Columbia. Gas & Eleg.......

Columbia 6% "A" pf..

Commercial Credit Co.

Com, Southern (Ord.) ...

Conselldated Edison

Close

Opening

Closing

Change

Consolidated Oll

Continental Can

9.49/40

9.57/59

9.62/43

.13 up

Continental Ou

9.67 N

9.79/79

9,83 N

.16 up

Copperweld Steel

8.79/79

8.85/86

8.91/91

.12 up

Corn Products

8.70/71

8.78/78

8.81/81"

...11 up

Curtiss Wright (C.)

8.63 N

8.70b/72a

8.74 N

.11 up

Curtis Wright_“A”

8.51/51

3.58/58

8.63/63

.12 LP

Deere & Co. .....

...... 8.37/37

3.48/46

8.49/49

.12 up

Distillers Corpn. Seagrams

10.41 N

10.48 N

.07 up

Douglas Aircraft

Du Pont de Nemours

Eagle Ficher Lead

Eaton Mig. Co.

20.17 "N

20.40 N

29 up

Elec. Autolite

19.30/35

19.25/25

19,55/58

.25 up

Elec. Bond & Share.........

18.18/20

28.20b/30a 18.38/40

.20 up

Elec. Bond & Share $5 pt.

17.80/80

17.70 N"

17.85/81 unquoted

18.00/00 17,90 N

.20 up

Bled Band & Share'së pf.

.20 up

Elec. Power & Light $7 pf.

Fisk Rubber

Flintkote

Gen. American Trans. ..........

Gen. Electric

847/85

85/851

84/841

1 off

Gen. Motors...

..... 84/84

857/951

851/85

833/84

1

off

Gen. Rallway Signal..

841/848

1 o

Gen. Tire & Rubber

Glidden Co.

Goodrich (BF.)

CHICAGO CORN

The market was quiet in the afternoon.

Goodrich $5 pf...

July

631/634 531/63

634/634

up

Goodyear Tire & Co. .........

STERLING

September

624b

83/63

627/621

off

Great Northern Iron Ore ..

I'very

U.S. DOLLARS

at 19.13/18 May, probably June. NEW YORK HIDES Buyers at, 19.15/16 for Cash and 19." 7/8 June,

June

No business was reported finish-December-

ing sellers at 1/2.31/32 May/O WINNIPEG WHEAT." tober, buyers at 1/3 for any de-

The market closed with sellers October

60/59

597a

wach

Great Northern Rly, ofd.

Great Western Sugar .. Greyhound Corpıl

May July

.75/75

-733D

11 off

Hercules Powder Co,

781/761 751/741 781/781

747/747 774-

Homestake Mining

11 00 11 off

International Harvester

Int Nickel

Inter. Paper & Power

Int. Tel. Tel.

9.92/82

September multidi December

10.24/25

10.48/48

9.98/10.09 10.37/30 10.56/53

9.81b/872 10.08/10 10.34 N

Johns-Manville

.18 off

14 off.

unquoted

35-3/8 3:19-3/8

168.92 113 94.30 Industriala

27,70 19.23 20. Utilities

SHANGHAI DOLLARS

Business was done this afternoon New York Oficial

at 362.1/2.363 and 364 for, Spot. At NY-London Cross Rate 3.20

the close there were sellers at 363,

SHANGHAI MARKET

Sellers Sterling were reported at 4.7/64 for Spot.

Shanghai Exchange

Shanghai, May 28 (Reuter?.

Official T.T. Rates

London

New York

Japan

India Paris

Hongkong

SILVER MARKET

LONDON SILVER

London; May 27 (Reuter). Silver-Indian reselling mostly relatively

for forward. Cash

steady, due to small Indian cover-

Ing. Business moderate. Market

quiet. In the afternoon, the mat-

ket was quietly steady.

Bpot. 22-5/18d.

Forward... 21-13/18d.

Opening

0/3-7/8

5-1/8 21-7/8

21-1/2

2.24

25-3/4

Sterling

Sellers

Opening Closing

Spot

10/4-1/8 0/4-1/8

May

0/4-1/8 *0/4-1/8

Ready

June

03-31/32 0/3-31/32"

U.S. 'Dollars

Spot

$5-1/2

May

5-1/2

$5-1/2

5-1/2

5-1/4

Market:Inclined to be easy.

June 5-1/4.

Silver Duty Rate

The Central Bank of China's rate on Landón at 10 am today was 1/2-1/20.

BOMBAY SILVER

Bombay, May 27 (Ruter). Market-Steady, Offtake 500 bars! Indian Mint Silver

June 3 Settlement July 3 Settlement

84-00

B4-08

84-12

LONDON METALS

EXCHANGE 'London, May 27 (Reuter).

TIIN

buyers. . sellers

Standard, Cash 286-3/4 -267

The Equalisation rate was 18-1/4 | Standard, per cent,

India Rupee Paper

Bombay, May 23 Reuter), Govt. 31% Rupee, 89-02-0.

3 months. 265-1/4 285-1/2

Calcutta Exchange

Calcutta, May 27 (Reuter). TT on Japan, 99-3/8.

LONDON GOLD

London, May 27 (Reuter).

Bar Gold. Fine per oz. 168.

1038/40

DOW JONES AVERAGE

High Low Dow Jones Averages.

35.00 22 15 20 Rails

92 22 83 1040 Bonds

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengera

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN'

HAIPHONG

All steaméra berth alongside the Roosevelt Terminal in. the French Concession at Shanghai, where passagers:

↑ and cargo are landed.

For further particulars.

please apply to-

JARDINE MATHESON&Co.,LT TELEPHONE 30SİL GENERAL MANAGERS.

Lyons Sourabaya-

Colombo Malacca Sungei Dairen Manila

Patani Swatow

Tokyo Tsingtao Peiping Yokohama

Penang

Haiphong (Johore) Tientsin

HAMBURG

NEW YORK

PELPING

HANKOW (Peking)

(Bhuket)

TRINITAO

· TOKOBAMA

-

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT Accounts opened and FIXED DEPOSITS received for One Year or shorter periods in Lonal or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT Accouxra opened in interest allowed at rates obtainable LOCAL CURRENCY and FixD DEUSIT on application.

rencies on terms which will be undertake Executor and Trustes quoted on application.

ALSO ap to date SAT DEPOSIT terms which may be ascertained at

& SHANGHAI BANKING COR PORATION. Bules may be obtain- ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

Y. M. GRAYBURN,

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

BANK OF EAST ASIA, LIMITED

Authorized Capital......$18,000,000.00 Paid-Up Capital 5,598,800.00) Reserve and Undivided

Profits

.2,933,261.50

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directors:

SIR SHOUSON CHow, Chairmen

P. K. Kwok. Esq.

Li Lan Sang, Esq. Wong Chu Son, Esq.

Wong Yan Tong, Eaq. Kan Ying To Eag. Chan Ching Shuk, Esq. Fang Ping Wah Bạq KAN Tosa Po, Esq., Chief Manager Li Tez Foxa, Esq., Manager

Extaris

Branches and Agencies:--

Ebay..

Calcutta

Halpbong

Backow New York

Palping

Penang .Singapore Rangoon

Boursdays Burabowe

Ban Frans Byduny

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

THX

This Bank is entirely owned by CHABE NATIONAL BANK, New Yoax, with Resources of grať U.S.$2,900,000,000.

D. M. BIGGAR,

Second Fios Pres

BANK OF CHINA

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

BANK' PAID-UP CAPITAL $40,000,000.00 (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:

* 4. QUEEN'S ROAD, C.

South China Offices:

KONGMOON TOISHAN KINGCHOW

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

Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cury CANTON Tencies 00 terms which will be SWATOW

SHLUCHOW quated on application.

SAFE LAPOSIT Boxes To Laz."

We also handle the issue of Bonds KAN TONG PO, and other Publis Funds of the Chief Manager. Chinese Government both at Home

and Abroad......

SHOW J. CHEN,

Manager.

THE KWANGTUNG PROVINCIAL

BANK

(ingarporated in Miam

General Banking Facilities and Financial Agente to The Provincial Government of Kwangtong Head Ofc-8bfukwan, Kwangtang Province Hongkong Branch -Queens's Bldg, 3 Chater Bd. Calle Addterms-"PROVINCIAL" $629, MIAE. Telephones:

20112, 20113, 20143, 20181, 31681.--

BRANCHES THROUGHOUT SOUTH CHINA Correspondeats in Yaw York and London Paid Up Capital ..... N$10,000,000 Reserve Capital ....... N$10,500,000

AUYANG M-NLY,

Hoogkong Manaque.

A Job?

WANT ADS

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office-15, Gracechurch Street,

•London, ECS Authorised. Capital Subscribed Capital Paid-up Capitis Reserve Fund, and Rent,

BANKERS:

£9,000,000 21,800,000 £1,060%

The Bank of England and Midland

Bank, Ltd. BRANCHES:

نادرا

Kcantan

Karachi

Kuala Trengganu

Madras

Daw Tork

Bangkok Bombay

Colombo

Kandy

Delbi Challa

Kota Bharu

Hongkong

Kazla Lipis

81mls

Kala Lumpur

прирате

Howrah

Penang Lagoon Shanghai

HONG KONG BRANCH: Every description of Banking and Exchange brainwas transnoted.

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

CURRENT ACCOUNTS opened in Lanal Cur. Peory, and #IXED DEPOSITS vuosival in Lowl Curney & STERLING me that may be sscertained on application.

D. BENSON.

*Manager,

B1

Amoy

Johore

Pactic Lighting

38.

18

Bangkok Hobe

Rangoon Saikon-

СЕВП DOLOMBO

LUMPUR KUCHING MADHAR

BOURABAYA TAIPING

ተነ

TIRNTAIN TONGKAN

MANILA

Packard Motors

27

281

Batavia Kowloon San

DILAI

MEDAN

Pan-American Airways

141

Bombay Kuslä

Francisco

HAIPHONG

71..

Paramount. Pictures

41

Calcutta

"Lumpur Shanghai

15

Pennsylvania RR.

172

Canton London

Singapore

161

-Phelps-Dodge

Chotoo

18+

Philadelphia Read, Coal

Philips Petroleum,

15

Poochow

Muar

Pittsburg Coke

Iron

8i-

181.

Public Service of NJ.

344

Bankow

Mukden

100

Pullman Inc.

દા

Harbin New York

33

Pure O

Iloilo

3

Radio Corpn. of Am.

41

Ipoh

45

Reading Company, Com

101

237

Remington Arms Co., Inc.

31.

321

Republic Aviation Corp. ...

51

81

received for one year or shorter

Republic Stoel

18

29

periods in Local and other Car.

The Bank's Head Office in, London

Revere Cop. & Brass Inc.

91

71*

Reynold Tobac, "B"

351

41

Richfeld On

61

business, and claims recovery of British Income Tax overpaid, on

72

Bafeway Stores

383

33

Schenley Distillers

Boxes in various sizes To Lar. Hong Kong. 28th February, 1940.

15/16

Sears Roebuck

661

25)

Shell Union of

81

61

Socony-Vacunum Ol

841

35

Southern Pacific

71

HONGKONG SAVINGS

BANK

192

Southern Rly $5 pfd.

.157

184

Sperry

387

The Business of the above Bank

454

Spicer Manufacturing. Co. 234

is conducted by the HONGKONG

8

Standard Brands ...........

51

24

Stand Gas & Elec.

11

151

Standard OH of California

187

134

Standard On of “NJ.

312

78

Stone & Webster-

в

155

Studebaker Com

61

71

Swift International

181

27

Technicolor

102

281

Texas Corpn.

347

4

Texes Galf Sulphur

29

44

Timken-Axle ....

20

58+

Trans-America Co.

42

221

20th Cent. Fox.

B

101

20th Cent. Fox, $1 pf.

144

121

Union Bag & Paper Corp.

10

39

Union Carbide & Carbon

631

201

Union Pacific

78

401

United Aircraft

44

United Airlines Trans

141

12

United Corpn.

*12*

United Corpn. $3 cum pr. 29,

114

United Gas Corpn.

11

461

United Gas Improvement

11

Li Koon Chua Esq.

142

U.S., Industrual Alcohol.

17

124

U.S. Rubber

18

181

US. Rubber $8 píd.

74

21..

U.S. Steel

483

101

Vanadium

291

41

18"

Vuitee Aircraft.

42

Walworth Co...

31

Amby

1 Kowloos

387

201

Warner Bros. Pict. Westinghouse Elec.

2+

Loudon

Manila

848

12.

·Woodward Iron Cor.

21

Melbour Bugasaka

22

46

Chase National Bank National City Bank

Hencialu Paria Babe

Saigon

Beatzle

ciao eatin

duvar

Bemarang Shangbal

.bid.

t-mex div..

May, 28, 1940. May. 25, High Low Cloas 114.76

117.71 115.07 116.35

Change

1.60 up

9276

23.48 23.12 23:32

..88 up

'ו

18.52

18.07 18.69 18.91

39 up

83.33

65,67 45.89 11 Commodity Index 53.04

63.60 52.00 Business Done: 790,000 shares

.36 up .09 of