Bank Bills, on demand 109). Credits 4 months' sight: 1159
108 34 JULY-SEPT.
.52: 3/4
い
On demand
82 324
On India:-
Telegraphic
Transfer
New York, May 29, 1940,
SINGAPORE RUBBER
and demand.......
182 1/2
On New York:-
SPOT
Bank Bills, on demand is 5/8 Credits, 60 days might 20 3/8
JULY-SEPT.
OCT-DEC.
On Batavia:-
On demand
36 3/4
On Paris:
On Saigon:
On demand
On Manila:-
PAGE 10-HONGKONG DAILY PRESS
FOREIGN MARKETS AND QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MAY 30, 1940.
On London:---
Telegraphic Transfer, 19 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' right 1 3 3/1 On Shanghai:-"
On demand
On Singapore:-
On demand
On Japan:--
350
PAYNE & CO.
COMMODITY BROKERSTM STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
FINANCE
NEW YORK STOCK
QUOTATION
(ZEUTER'S SERVICE)
EXCHANGE
FRIDAY, MAY 31,
1940.
MAY 10, 1940. STOCKS
}
Last Sale
MAY 30, 1940. STOCKS
May 19
Last Sale "May 29
BANKING CORPORATION:
Adams Express
**
Alleghany Steel Co.
187
Kerinecott Copper Lakey Foundry & Mac.
273: 3
Authorised Capital....... $50,000,000
Allied Stores
51
Libbey-Owens-Ford
Glass
33)
Allis Chalmers
241
Lockheed Aircraft
291
Aluminium Ltd.
55)
Loew's Inc.
Sterling.
12
Amer. Can
901
Loft Incorperated.
184
Reserve Liability of
American Cyanarald B. Amer. & Foreign. Power Amer & Foreign $7 pf.
301
Mack Truck Inc.
20
Proprietors
.$20,000,000
1}
Martin. Glen L.
33
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OP..
INDIA, AUSTRALIATM
AND CHINA
Issued & Fully Paid-Up. 890,000,000 Incorporated by Royal Charter, 1859
Reserva Funda:
Faid-Up Capital .....
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
£3,000,000
£6,500,000 Reserve Fund
£3,000,000
prietors....
£3,000,000
BEAD OFFICE: LONDON:
141
McKesson & Robbins, pfi. 18
Head Office:-HONG KONG
American Gas & Elec..
·27
Monsanto Chémieal
901
"amer, Locomotive
11
Montgomery Ward
361
Previous May 29
Amer. Metals Co."
15
Board of Directors: H. V. Wilkinson, Esq.,
National Aviation
10)
Amer. Radiator
51
Closing Opening Closing· Change
Nat, Dairy Products
132
Chairman. Hon. Mr. J. J. Paterson,"
Amer. Rolling Mill
10+
Nat. Distillers
19
Buyers
Buyers
36-174
36 cts.
35-1/2
34 cts.
38-3/4 35-1/4 35-5/8 33-3/434-1/8
up 1/2
Amer. O'ting ånd Ring Co.- 351
National Gypsum
Amer, Sugar Refining
14
up 1/8
National Lead
154
up 1/8
Amer. Tel, & Tel.
148
A.
Nat, Power & Light
в
Amer. Tobacco "B"
73+
After ruling easter, the market became steady. LONDON RUBBER
National Steel Corp.
Amer. Waterworks
64
National Supply Corp.
503 5
0. Miskin, Esq.,
E. S. Morrison, Esq.,
Previous close Today's close
Anaconda Copper
211
New York Central
101
T. E. Pearce, Esq.,
j'
buyers
SPOT
JUNE
11-9/18
buyers 11-5/8..
Change
Atchison, T. & 8. F6.
147
Niagara Hudson Power
*.
C. C. Roberts, Esq.,
up 3/16
Aviation Corp.....
.51
N. American Aviation
178
Hon. Mr. A. I Shields,
11-9716
11-5/8
up 1/16
Bacock & Wilcox
22
North American Co.
161
Sir Vandeleur M. Graybarn,
11-7/18
On demand
On Bangkok:-
On demand
37.1/4
..... 149 1/2
On Sterling Notes:-
Bank Buying Rate
Bar Sliver per of
1/4 2%
OCT.-DEC
JAN.-MARCH
11-1/8
11-9/16 11-3/18
up 1/8
Baldwin Lecometive
131
Northern Paclic
5
up 1/16
Baltimore & Ohio
31
Owens-Allnots Glass Co....
44
10-7/8
10.15/18
up 1/16
Barber Asphalt Co.
91.
Pacific Gas & Elec...
261
Branches:
¡J
Chicago Corn, Sept. New York Hides. June
Quiet,
NEW YORK COTTON
STERLING
No business was reported. There July were sellers at 1/2.31/32 up to July New contract)
September, buyers at 1/3 for any
delivery.
October
December
}
Market Report
FROM ROZA, BROS. Suver prices were unchanged yesterday, the quotations remain- ing at 22 for Ready and 21.1/2 for Forward. Bliver advices reported the market as being quiet and small. featureless. Business was
The market was steady. American Silver was quoted at 35.5/8 for
Spot.
The market was steady but quiet
• NEW YORK COTTON: The continued firmness of Spots and July futures strengthens our belief that July is heading above ten cents.
NEW YORK RUBBER: Rubber consumption during May is guessed at 51,000 tons.
CHICAGO WHEAT: There was some selling on expectation of large private estimates,
NEW YORK STOCKS: 115.24: Change, up .98.
NEW YORK
Previous close. 114.26; Today's close.
COMMODITY MARKET (REUTER'S SERVICE)
The London-New York cross. New York Cotton, July rute was quoted at 402.1/2. New New York Rubber, July York/London was quoted at 320.
3/8.
MARKET
Chicago Wheat. Sept.
High Low Close Close Change
Prev. Today's 9.67 3.56 .9.58 0.60 .04 up 19.63 19.40 19.30 19.55 25 D
841 83 834 83k .621 611 621 813 9.66 9.60 9.50b 9.61
Opening
.11 up Change
.04 up .04 up
up .02. p
Bethlehem Steel Bliss & Co.
Barnsdall ou .........
8
Pacife Lighting
37.
Amoy
'Bell Aircraft Corp.
Bendix Aviation
17)
Packard Motors
27
Bangkok
Kobe
Jchore Rangoon
Saigon
271
Pan-American Airways
14
Batavia
Kowloon San
691
Paramount Pictures
Bombay
Kuala
141
Pennsylvania FR.
1731
Calcutta
Lumpur Shanghai
Boeing Airplane Co,
151
Cantor
London
Phelps-Dodge
281
Chefoo
Borg-Warner Litt..
151
Philadelphia Read, Coal
Colombo
Lyons Sourabaya
Bridgeport Brass Corp.
91"
Phillips Petroleum
29+
Dairen
Manila
Briggs Mig.
15
Pittsburg Coke
Iron
5*
Foochow
Brooklyn-M'hattan Trans. 193
Public Service of NJ.
331:
Brooklyn-Manhattan $8....
104*
Pullman Inc.
.18
Budd M'facturing Corp. Canadian Pacific R'way Case, JI.
31
Phare Oll
72
27
floilo
Radio Corpn. of Am.
41
44
1pob
Pesang
Reading Company,
Com
101*
Celanese
23
Remington Arms Co., Inc.
**
Chesapeake & Oblo Chrysler Corpo,
321
Republic Aviation Corp. ...
41
59
Republic' Steel
151
Climax-Molybdenum Co Colts Patent Fire-Arms Columbia, Gas & Mec. Columbla 6% "A" DI.
30+
Revere Cop. & Brass Inc....
91
*681*
Reynold Tobac. "B"
341
43
Richfield Ou
63
701
Safeway Stores
371"
up
Commercial Credit Co.
32
Schenley" Distillers
83
oft
Com, & Southern (Ord.)
15/16
Sears Roebuck
844
Consolidated Edison
25+
Shell Union Ol
81
Close 9.56/58
Closing
Consolidated Oil
6
Socony-Vacunum Ofl
72
9.58/68
9.60/6011
Continental Cart
"354
Southern Pacific
9.76 N
9.79/79
9.80 N
Continental Cli
181
Southern Rly $5 pfd.
154
8.74/74
8,75/75
8.77/77
....03
Copperweld Steel
17:
Sperry
381
8.64/84
8.64/64
8.66/66
Corn Products
451
Spicer Manufacturing Co. 25
U. S DOLLARS Nothing doing. There were sellers at 19.15/16 up to first half of June and 19.7/8 June, buyers at 20 for Cash
January March May
(
8:57 N
8.54b/578
8.59 N ..
.02 up
Curtiss Wright (C.)
is conducted by the HONGKONG
83
Standard Brands
5]
8.44/44
8,31/31
8.45/45 8.31/31
8.47/48
.03 up.
Curtiss Wright "A"
241
Stand Gas & Elec.
11
Spot
10.39" N
-8.34/34
.10.43 · N
.03
up
Deere & Co.
151
Standard Oil of California
171
& SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
.04 up
Distillers Corpn. Seagrams
131
Standard Oil of NJ.
307
Total sales Tuesday:-60,700 bales.
Douglas Aircraft .....
76
Stone & Webster
6
Du Pont de Nemours
"154
Studebaker Com.
SHANGHAI DOLLARS
NEW YORK REBBER
Sellers at 362.
May
20.25:25
July
January
Total sales:-510 tons. CHICAGO WHEAT was
July
STERLING
May
July October
London
India
Opening
0/3-7/8
5-1/8
21-7/8
21-1/2
SHANGHAI MARKET
Sterling 4.9/64 sellers for Spot
and US Dollars 5.17/32 sellers for December
apot. Quiet.
AFTERNOON MARKET · The market
quiet in the
afternoon.
No business was reported, finish- ing with sellers at 1/2.31/32 up to September, buyers at 1/3 for any delivery.
U.S." DOLLARS Steadler: The market closed with sellers at 20 for near and 19.15/16 Jane, buyers probably at 20.1/18 for Cash and 20 for June,
SHANGHAI DOLLARS
Sellers at 361.
SHANGHAI MARKET
Sterling at 4.9/64 for Spot.
Shanghai Exchange
Shanghai, May 30 (Reuter).
Official TT, Rates
New York
Japan...
September
December
New York Official
9.85/86 9.95b/10.00a 10.10/14 35-5/3
NY-London Cross Rate 3.17-3/4
19.30/34"
September
18.10/10
17.60 N
17.50 N
19.42b/501 18:21/21 17.78/78 17,60b
deleted 19:55/55
"Eagle Ficher Lead ...........
81
Swift International
171
.25
Baton Mfg. Co..
264
up
Technicolor
101
Elec, Autolite....
23
19.38/36 17.90/90 17,80 N
.26 up
Texas Corpn.
34
30 up
Elec. Bond & Share
41
Texes Gulf Sulphur
2911
Elec. Band & Share $5 pf.
501
.30 up
Timken-Asle
191
•
BANK OP EAST ASIA, LIMITED
Elec Bond & Share $6 pf.
59+
Trans-America Co.
41
Elec. Power & Light $7 pf.
Fisk Rubber
September December ..
834/833 83+/833
831/831
831/831
קט
Flintkote
83+/831
833/831
up
Gen: American Trans.
84/84]
841/84/
up
Gen. Electric
Tuesday's sales:-15,477,000 bushels. CHICAGO CORN Judy September December
Gen. Motors
Gen. Railway Signal
631/63
63/63
621,623
off
Gen, Tire & Rubber.
627/621
621/621.
611/613
off
Glidden Co.....
593/597
591/591
A off
Goodrich (B.F.)
WINNIPEG WHEAT
Goodrich $5 pt. .....
727/728
732/738
73/738
761/76
7470 15fa 7813
2. up
Goodyear Tire & Co.
21 up..
Great Northern Iron Ore ..
2 up
Great Northern Riy. pfd...
Great Western Sugar
NEW YORK HIDES June
9.50b/60a 9.60/66 9.74/74
0.81b/673 9:88/87
Greyhound Corps.
11 up
Hercules Powder Co.
.12 up
Homestake Mining
10.10/10
.15 up
International Harvester
L
35-5/8
Int Nickel
3.20-3/8
Inter. Paper & Power
Int. Tel. & Tel
Johns-Manville
J. & Laughlin Steel $7 pid.
Paris.....
1039/40
Hongkong
Sterling
Sellers
Opening Closing
Spot
*074-9/64 074-9764
May
June
0/4-9/64 0/4-9/64 0/3-63/64 -0/3-83/64
U.S. Dollars
Spot
$5-9/16
May
5-1/2
June......
5-1/4
5-9/10 5-5,18
155.92 11394 30 Industrials
35.90 24 16 20 Rails.
27.70 19.25 -90 Utilities
32 22 8306 40 Bonds
$5-1/2
Market: Quiet.
Silver Duty Rate
2.84 25-3/4
LONDON STOCK EXCHANGE
LONDON, May 30 (Reuter) "On the Stock Exchange yesterday despite the paucity of business. gilt-edged holdings generally im- proved.
The Central Bank of China's: rate on London at 10 am, today was 1/2-1/24.
The Equalisation rate was 161
per cent.
India Rupee Paper
47
Bombay, May 29 (Reuter). Gort, 31% Rupee, 88-04-0
Calcutta Exchange
Calcutta, May 29 Reuter). T.T. on Japan, 100-3/8.
LONDON METALS
EXCHANGE" London, May 29 (Renter).
TIN
buyera 2
sellers £
Standard, Cash 270 Standard,
3 months 268
270-1/4
268-1/4
RESERVE BANK OF INDIA STATEMENT
Calcutta, May 29 (Reuter).
May 15 May 24 Notes in etrculation (including Notes held in the Bank-
ing Department)... 25,308 25,500
Industrials show some gains but many small losses were also re-Rupee Coin and Bul- cordea.
French Government bonds were higher, and Japanese bonds de- elined.
AGRICULTURE TO BE SPEEDED UP LONDON., May 30 (Reuter)- Comprehensive
for pluns speeding up of home agricultural production are now under
lion in India ........ 6,071 4,058 Gold Coin-and-But-
lion in India Securities (Indian
Government) Securities (British
Government)
4.154 4,154
3,945 4,052
11,850 · 12,050
Bligh Low Dow Jones Averagen. May. 28, High Low Close
116.60 114.08 116.24 23.36 23.08 23.22 .1901 18.49 18.80 .49 ap 83.34 .28 up 62.61 $7 up.
Authorised Capital......$10,000,000.00
Reserve and Undivided
Head Office: HONG KONG No. 10 Des Voeux. Road, Central,
Board of Directors:
Sia SHobson CHOW, ChairmUUTI Li Koon Chen, Esq. Li Laz Bang, Erg. P. K. Kwok. Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Han Ying Po, Esq. Chan Ching Shuk. Esq. Fang Ping Wah Enq KAN TONG PO, Esq., Chief Manager LL TSE FONO, Esq, Manager
Brancher and. Agencies;- -
Korboa Pening
Singapore - Rangoon Boarabera Mantiam Saigon Bankow Kalbourne San Fran. Sydney
оты
Every description of Banking and Exchange businesa transacted. Loszis granted on approved securities.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000.88 (BRANCHES ALL Dyrx Chiši) Owing to our numerous Brazobes in China and connections in the principal Commercial Centres of the World, we are able to extend opur Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI
Bong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
X
Current Accounts opened in Local Currency and Fixed Deposits re- CANTON ceived for one year or shorter SWATOW periods in Local and Foreign Cur- 8E1UCHOW rancies on terms which will be quoted on application.
INDO-CHINA
SILVER MARKET STEAM NAVIGATION COMPANY LTD.
"
the
con-
LONDON SILVER London, May 29 (Reuter), Blver-Market quiet and tea- sideration by a special committee tureless. Business smail.. the
afternoon, the market was steady, Is with small buyers at the ratë, but no offerings.
Spot, 22d,
of the War Cabinet, says Héuter's Lobby "correspondent.
It is expected that farm workers will be given a minimum weekly wage of 48 shillings.
To enable farmers to meet the extra cost the Government will fix higher prices for most farm pro- duce, especially wheat.
It is also proposed that every avaliable acre of land be put into full production,
In order to ensure this compul- anry powers will be taken by the Government and used in cases where the maximum is not forth- coming.
Forward, 21-1/2d.
BOMBAY SILVER Bombay, May 29 (Reuter), Oftake 600 bars,
Indian Mint Silver
Ready............ July 2 Bettlement July 30 Settlement
83-04
63-07 *83-11
workers trom general industry.
It is believed that compulsion will be used if necessary,
Special attention is also being
Operating Services for Cargo and Passengers
TO
"
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
BINGAPORE, PENANG and CALCUTTA
BANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are isnded.
For further particulars,
please apply to-
JARDINE MATHESON&Co.,LTD.
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinees Government both" at Home and Abroad.
SHOU J, CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in high)
Gemersi Banking Yadiitios and Financial digunta to The Provincial Govorinunt of Kwangtung Head Office-Bhalukwan, Kwangtang Provo Hongkong Branch-Cacon's Bldg., Custer Rd. Cable Address"PROVINCIAL" 9039, 9441. Telephones:
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT. SOUTH CHINA Corrwpozdents in New York með Landon Paid Up Capital N$10,000,000. N$10,500,000. Reserve Capitai
AUYANG MANLY.
Hongkong KeSEBE,
Ajob?
WANT
There is also. Ekely to be an im- given to supplies of feeding stuffsELEPHONE.ZOZIL GENERAL MANAGERS BA ADS
mediate comb-out of skilled land for livestock
23
20th Cent. Fox.
51
101.
20th Cent. Fox, $1 pr.
143
Paid-Up Capita!
.113
372
Union Bag & Paper Corp.
101
Union Carbide & Carbon
$3
Profits
6,599,600.00
.........2,983:281.50
CALCUTTA ELAXO AGENCIES: KOS
Chief Manager. CLIVE SYLT
Francisco
FAIMEIK PLACE KUALA CANTON CAWNPORE CKBU
COLOMBO
DELHI ""
RAIPHONG
HAMBURG
HANKOW Singapore
Malacca Sungei
Muar
Patani Swatow
Евірдонд (Johore) Tientsin. Bankow Mukden Tokyo Harbin New York Tsingtao
Yokohama Peiping
CUR HENT
ACCOUNTS opened in
SITIAWAN
SOURASAYA.
TAIPINO
LUKTUR
KUCHING
TIEN'TSIN
MADRAS "
TONGKAM
MANILA
(Bhuket)
THINGTAO
MIDAN "NEW YORK
PLIPING
(Peking)
YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accorsi 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
on application.
LOCAL CURBENCY and Fix Desire interest allowed at rates obtainable received for one year or shorter
periods in Local and other Our- rencies on
The Bank's Head Office in London terms which will be undertakes Executor and Trustee business, and claims recovery of quoted on application.
ALBO up to date SAPE DEPOSIT British Income Tax overpaid, on terms which may be ascertained at Boxtain various sizes To La Hong Kong. 28th February, 1940. any of the Agencies and Branches.
B. A. CAMIDGE,
Manager.
HONGKONG SAVINGS
BANK
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
For the HosokʊNG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb., 1930.
HEAD OFFICE:
18, PIKE BTENT,
NEW YORK. 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 Tax CHASE NATIONAL BANK, NEW YORK, with Rasoticons of avai 1.8.$2,000,000,000.
D. M. BIGGAR,
Second Fice Prsi
Deputy Chairman,
J. K. Bousfeld, Eq.. Compton, Esq.,
'Hon. Mr. S. H. Dodwell,
38, Bishopagate E.0.2
Sub-Agencies In London:- 117/19, Leadenhall Street, E.C.a.
West End Branch: ' 14/16, Cockspur Street, S.W.L Manchester Branch:
52, Mosley Street, Manchester, 2
"AGENCIES AND DEANCHES:
HARDIN HONG KONG
PENANG KANGOON
HAIGON
ALOX BTAB AMRITSAR BANGIOX BATAVIA
Moun ПРОН
BERIMBAN
BOMBAY
KARACRI
SKANGHAI
KINGAPOR
An
291
Union Pacifc
76
40
United Aircraft indefou
423:
11
United Airlines Trans......
14
111
121
United Corpä,
11
11
United Corpn. $3 cum pf. 301
United Gas Corpn.
/494
144
United Gas Improvement
101
US, Industrual Alcohol...
18
131
181
UB. Rubber
18
211
US. Rubber $8 pfd.
72
U.S. Steel
457
10
Vanadium
292
80..
Vultee "Aircraft
81*
414
Walworth Co.
31
Amoy
387
Warner Bros. Piet.
21
Loudon
2011
Bombay
Westinghouse Elec.
801
Calontia
114
Halphang
Woodward Iron Cor.
194
HARROW
New York Sextin
21
50
Chase National Bank National City Bank
287.
Honolulu Partr
Semarang
Labe
Pelping
Shangha
!
221"
50*
"
...bid.
DOW JONES AVERAGE
May 30, 1940.
114.26
1
22.62
Change
.08 up .40 up.
1831
23.06
65 67 45.59 11 Commodity Index 6224
Business Done -860,000 shares
SAVE LEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager,
No comments yet.
Private notes are available after approval.