1940-06-05 — Page 10

MAY 10, 1940. STOCKS

Last Sale

JUNE 4, 1940, STOCKS

June 3

Last Sale June 3

Adams Express

413

Kennecott Copper

281

Alleghany Steel Co.

184

Lakey Foundry & Mac. ....

37

Allied Stores

51

Libbey-Owens-Ford

Glass

323-

£

Allis Chalmers

24

"Lockticed Aircraft

981

War Loan, 3+% (Red

Aluminium Ltd.

55"

Loew's Inc,

22

after 1952)"

901

Amer. Can

93

Loft Incorperated

17

Canton Kloon Rig. 8%

8

American Cyananild B.

311

Mack Truck Inc.

184

Chinese 44% Gold Loan

New York, June 3, 1940.

Amer. & Foreign Power

11

Martin, Glen L

324

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

43

Amer

Foreign $7 pt.

12

McKesson & Robbins, pia.

18

Chinese 5% Gold Bonds.

SINGAPORE RUBBER

American Gas & Elec.

261

Monsanto Chemical

804

1925-47....

43

Amer. Locomotive

11

Montgomery Ward

331

Chin. 41% Anglo-French

SPOT

Amer. Metals Co.

14

National Aviation

10

Loan, 1900

44

JULY-SEPT.

Amer Radiator

51

Nat. Dairy Products

131

Chinese 5% Crisp Loan.

OCT.-DEC,

Amer, Rolling Mil..........

101

Nat. Distillers

181

1912

.17

Amer. B'ting and Ring Co.

351

National Gypsum

5+

Chinese 5% Reorg, Loan,

Amer, Sugar Refining

13

National Lead

151

1913 (dn. Is)

24

LONDON RUBBER

Amer. Tel, Tel.

1492

Nat, Power & Light

8

Chinese 8% Ster. Notes,

Amer. Tobacco "B"

73

National Steel Corp...

54

SPOT.

1925 (Vickers)

Amer. "Waterworks .....

81

National Supply Corp.

5-

JULY

Chin. Imperial Rly. 5%

Anaconda Copper

2011

New York Central

91

Loan

58

AUGUST

Atchison, T. & S. Fe.

131"

Niagara Hudson Power

31

Hanar Rly; 5%

12

OCT.-DEC. v..

Aviation Corp. gad

5+

N. American Aviation

17

Hukuang Rly. 5%, 1911...

14

JAN.-MARCH

Bacock & Wilcox

221

North American Co.

16

Bukuang Rly. 5%, 1911

PAGE: 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICK).

LONDON STOCK

זי

EXCHANGE

(REUTER'S SERVICE)

London, June 3. 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 errors. in transmission.

ཚ

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

WEDNESDAY, JUNE 5, 1940.

BANKS

い

HONGKONG & SHANGHAI THE CHARTERED BANK OP

BANKING CORPORATION

Authorised Capital....... $50,000,000

Reserve Funds: Sterling

INDIA, AUSTRALIA 1

AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1859

Paid-Up Capital £8,500,000 Reserve Fund

............. 23,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-

prietora

Heserve Liability of

Proprietors

.*$20,000,000

Head Office:-HONG KONG

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

Chairman Hon. Mr. J. J. Paterson,

Deputy Chairman. J...K. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell, G. Miskin, Esq.,

C. C. Roberts, Esq.,

Hon. Mr. A L Shields,. Bir Vandeleur M. Grayburd,

Chef Manager.

Rangoon Saigon San

£3,000,000

£3,000,000

HEAD OFFICE: LONDON: "

39, Bishopsgate E.C.2. Sub-Agencies In London: 117/129, Leadenhall Street, E.ⱭA West End Branch: 14/18, Cockspur Street, S.W.1. Manchester Branch:

52, Mosley Street, Manchester, 2.

· AGENCIES AND BRANCHES:

ALOE STAE HARBIN AMRITSAR HONG KONG BANGKOK

Itomo BATAVIA BOMBAY

CALOUTTA

PENANG MANGOON BAIGON

IFOR

SIBIMBAN

KARACHI KLANG..

SHANGHAI

SINGAPOR

AGENCIES: KOBE

SITIAWAN

SCURABAYA

ÜLƏN YAKEIT FAIRLIN PLACE

CANTON

KUALA

LUMPUR

CAWN FORS

KUCHING KADRAS

MANILA

MELAN

COLOMBO

DELEI"

TAIPING TIENTSIN TOKGKAN

(Bhuket)

TSINGTAO

Previous Closing Opening Closing` Change Buyers Busers

June 3

37-3/8 37-7/8

37-3/4

up 3/8

38-1/4 38-3/4

36-3/4

up 1/1

35-1/8

35-5/8

35-1/2

up 3/8

K. 8. Morrison, Esq.,

After ruling firm, the market became steady.

T. E. Pearce, Esq.,

Previous close Today's close

buyers 11-7/8

buyers 12-1/16 12

Change

up 3/18

:

11-15/15-

Branches:

11-5/16 11-1/16

11-7/16

11-3/18

UD 1/8 -up 1/8

Amoy

Johere

Baldwin Lecometive

13

Northern Partic

51

(German Issue)

11

Baltimore & Ohlo

31

Owens-Illinois Glass Co.

457

Lung Tsing & U. Hal

Barber Asphalt Co.

02

Pacific Gas & Elec

281

Rig. 5% 1913

11

Barnsdall Qu

Pacific Lighting

37*

8'hai-N'King Rly. 5%...

15

Bell Aircraft Corp.

174

Packard Motors

21

Tientsin-Pukow Rly. 5%

Bendix Aviation

201

Pan-American Airways

123

(Brit. Stpd.)

Bethlehem Steel

68

Paramount Pictures ..

41

Tientsin-Fukow Rly. $%

BUSS Co.

14*

Pennsylvania .R.R.

171

(German Stpd.)

9

Boeing Airplane Co.

15

Phelps-Dodge

27

Borg-Warner

15!

Philadelphia Read, Coal

Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl. Loan)

9

Bridgeport Brass Corp.

Bå

Phillips Petroleum

284

Tientsin-Pukow Rly. 5%

Briggs Mig.

15

Pittsburg Coke & Iron

B*

Brooklyn-M'hattan Trans:

19

Public Service of NJ.

337

Brooklyn-Manhattan $6....

50*

Pullman Inc. ....

18

Budd M'facturing Corp

3:

Pure Oll

71

Canadian-Pasific R'way

23

Radio Corpn. of Am.

41

(Ger. Stpd. Supl. Loзn) Jap. 5 Ster. Loan, 1007 38 Jap. 5 Ster. Lean, 1924 Ge:, 1% Intl. Loan, 1924 5 Chartered Bark

9.

NEW YORK 'STOCKSÄ 114,73: Change, of 94.

42

83

Case, J.I.

44

Reading Company.

Com

101*

H.K. Shal, Bank (Ldn.

Celanese

22

Remington Arms Co., Inc.

4*

Reg.-

80

Chesapeake & Ohio"

321

Republic Aviation Corp.

44

HK. & bal Bank (Col.

Chrysler Corpn.

571

Republic Stoel.

151

Reg)

82

Climax-Molybdenum Co.

20

Revere Cop. & Brass Inc.

81

Chinese Eng. & Mining

Colts Patent Fire-Arms

681*

Reynold Tobac. "3"

324

(bearer)

19/6

Columbia Gas & Elec.

Columbia 5% "A" pf.

Commercial Credit Co.

Com, & Southern (Ord.)

Consoitdated Edison

Consolidated 01

Continental Can

Continental Oil

42

Richfield Cl

Bi

Chosen.Corporation

6/8

701*

201

Safeway Stores

Sears Roebuck

38+'

Pekin Syndicate

.2

Schenley Distillers

81

S'hai Elec. Constr. Co. ...

15

031

8'hal Waterworks "A"...

15

241

Shell Union Oil

81

Union Insurance ........

28

NEW YORK COTTON

J

SA

Socony-Vacunum Ol

77

Gula Kalumpang Rubber

16/3

35

Southern Paciic

71

Allied Ironfounders no

11/9

July

17

Southern Rly $5 pfd.

15

Assu, & Elec. Industries 36/9

Copperweld. Steel

Corn Products

174

Sperry

381

Austin Motors, ord. ...........

10/10

45

Spicer Manufacturing Co.

25

Cable & Wireless, Newto

Curtiss Wright (C.)

3

Standard Brands

51

Form, ard.

43

Curtiss Wright "A"

241

Stand Gas & Elec.

14

B-A. Tob, (bearer)

84/4++

July (New contract) October December ( January March" K

*

Deere & Co.

15

Standard Ol of Callfornia

18.

Mercantile Bank.

12+

May

{

Distillers Corpn. Seagrams 131

Standard Ou of N.J.

291

Cammell Laird, ord.

5

Spot

Douglas Aircraft

747"

Stone & Webster

6

Mexican Eagle

3/14

Du Pont de Nemours

1541

Studebaker Com

0}

Courtaulds

25/0

Eagle Picher Lead

B.

Swift International

171

Distillers

54

NEW YORK RUBBER

Eaton' Mfg. Co.

Elect Autolite

281.

Technicolor.

10

Dunlop Rubber

29/4ł

271

Texas Corpn.

341

"Gen. Electric (England)

7373

July

Bled Bond & Share

+

Texes Galf Sulphur

234

Guinness (A) Son & Co.

60

September

Elec. Bond & Share $5 pt.

50%

Timken-Axle

21

Hawker Siddeley Airc.

8/3

December

Elec Bond & Share $8 pr.

59*

Trans-America Co.

44

Bristol Aeroplane ........

9/4

Elec. Power & Light $7 pf.

23

20th Cent. Fox...

51

Fisk Rubber

10"

20th Cent. Fox. $1 pf.

14

Flintkote

10%

Union Bag & Paper Corp.

101

Imperial Chemical Ind. Imperial Tobacco Marks & Sp'cer "A" ord. 35/34

26

January

·88/104

Gen. American Trans.

Total sales-1,060 tons:

CHICAGO WHEAT

381

Union Carbide & Carbon

611

Rolls Royce

72/8

Gen: Electric

201

Union Pacific

751

Leyland Motors .........

55

July

Gen., Motors

39%

Gen. Railway Signal

11

United Aircraft ......

413

Tate Lyle

49/8

United Airlines Trans ...

131

Turner & Newall

September

50/9

Gen. Tire & Rubber

United Corpn "

1}

United Steel

19

December

Glidden Co.

Goodrich (B.F.)

111.

United Corpn. $3 cum pt. 291

Smethwick Drop Forg, ...

12/6

101

United Gas Corpn.

18

Armstrong Stevens, ord.

8

Goodrich $5 pt.

46*

United Gas Improvement

104

Pressed Steel, com,

12/0

CHICAGO CORN'·

Goodyear Tire & Oo.

141.

US Industrual Alcohol.

15)

Vickers, ard.

12/4)

July

Great Northern Iron Ore

131

U.S. Rubber"

103

Woolworths

50/3

Great Northern Rly, pfd.

18

US. Rubber 58 pfd.

751

Anglo-Dutch

18/3

September

Great Western Sugar

21

.S. Steel

.451

Rub, Plant, Invest. Trust 24/3

December

Greyhound Corpn.....

101

Vanadium

281

Burma Corporation .......

7/3

Hercules Powder Co

80

Vultee Aircraft

88

Commonwealth Mining

WINNIPEG WHEAT

Homestake Mining

..40€

Walworth Co.

31

Maraman Investments

10

July

International Harvester

381

Warner Bros. Pict.

2+

Randfontein Estates

35

October

Int Nickel

.20

Inter. Paper & Power

111

Westinghouse Elec,

84

Western Holdings

8/3

Woodward Iron Cor.

211

Sub-Nigel

175

NEW YORK HIDES

Int. Tel, & Tet.

21

Johns-Manville

47*

Chase National Bank

271*

Tanami Gold Mining

30.

་་

National City Bank

22

Anglo-Iranian *....

40

June

Burmah

55

September

Shell Trans, & Trad.

December

• blá,

*--ex, div.

(bearer) ~~Nominal

i-ex-dividenɑ

38/14

J. & Laughlin Steel 37 pfd." 51*%

DOW JONES AVERAGE

June 4, 1940,

Hizb Low Dow Jones Averages. June. 1, High Low Close Change

115.87 118.44 114.35 114.73 -93.06

16 87

1039/40

158.92 113 94 30 Industrials

35.90 29.15 20 Raile

97.70, 18.95 20 Utilities

38 22 83 06 40 Bonda

83.48

66.07 $5.59 11 Commodity Index 0234

SILVER MARKET

LONDON SILVER

London, June 3 (Reuter),

Silver, Trade

demand

and

speculative bear covering. Cash

91 of

23.26 23.10 231610 up 1880 18.00 18.69 .25 off

83.84 .02 up 52,22 .13 of

Business Done-450,000 shares

LONDON METALS

EXCHANGE

After ruling firm "on overseas advices, the market closed steady, Demand was chiefly for nears,,

NEW YORK COTTON; There was some nervousness on political uncertainties but selling is believed mostly hedging by Southern mills. We expect May above 9 cents before maturity:

NEW YORK RUBBER: Business today largely consisted of dealer hedging against shipment purchases,

CHICAGO HEAT: Reports of better export demand for Cana-. dian wheat together with Loan influence has stimulated a better reeling today, but political uncertainty is restraining activity. "

Previous close, 115.67: Today's close.

New York Cotton, July New York Rubber, July Chienge Wheat. Sept Chicago Corn. Sept. New York Hides, June

9.88/88 10.12b/182 unquoted

New York Offelai NY-London, Cress Rate 3.21

High Lów. Close Close Change

Prev. Today's

9.37 9,29 0.38 9.29.00 off 21.23 20.95 21.50 21.10 40 off. 821. 817 921 824 tup 62 61 601 81 1 up 9:58 9.33 9.68N 9.33 35% off

9.33/40 9.95/97 9.58/58 10.15b/28a 9.80/81 ·

unreceived

3.20-1/8

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

London, June 3 (Reuter).

TIN

TO

met paucity of offers Business Standard, Cash, unavailable. very small. Market uncertain. "In Standard, 3 months buyers, £2741 the afternoon, the market wan

idle.

Spot, 23-1/24.

Forward, 22-3/8d.

BOMBAY SILVER

Bombay, June 3 (Routery.

Offtake 200 bars.

Market Quiet.

Indian Mint Silver Ready

....... 82-13 July 2 Bettlement 62-13 63-01 July 30 Battlement

LONDON GOLD

London, June 3 (Router). Bar Gold. Fine per oz, 168,

Henceforth, only cash and three,

months available.

middle prices will be

The war profit tax and in heritance tax will be levied from July 1 and are expected to yield considerable revenue to the Chinese Govern- ment These levies will not im- pose any hardships on the people."" as they are in a position to pay out of what they receive.. The Chl-

nese press and public opinion

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

OSAKA

KOBE and

BINGAPORE, PENANG and. CALCUTTA

SANDAKAN

HAIPHONG

All steamers borth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.

For further particulars

ploase apply to

JARDINE MATHESON&Co.,LTD.

strongly support this measure. TELEPHONE SOZIL GENERAL MANAGERSA

says International.

Daizen

Haiphong (Johore) Tientsin

Mukden Tokyo New York Teingto Peiping Yokohama Pensag

NEW YORK

PKIPING

(Peking)

YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOBETS received for One Year or shorter periods in Losal or Other Currencies at rates which will be quoted ou application.

SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

The Bank's Head Office in London

CURRENT ACCOUNTS opened in LOCAL CURRENCY god FIXED DEPOSIT received for one year or shorter periods in Local and other Cur rencies on

terms which will be undertakes Executor and Trustee business,” and claims recovery of quoted on application.

Also up to date SATs DEPOSIT British Income Tax overpaid, on terms which may be ascertained at Boxes in various sizes. To Let Hong Kong, 28th February, 1940.

any of the Agencies and Branches.

R. A. CAMIDGE,

Manager,

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.

Y. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1938.

BANK OF EAST ASIA, LIMITED

5,508,000.00

Authorised Capital.....$10,000,000.00 Paid-Up Capital ..... Reserve and Undivided

Profits

Head Office:-HONG KONG,"

No. 10 Des Voeux Road, Central.

Board of Directors:

SIR SHOUSON Cnow, Chairman

Li Koon Chan; Esq,

Li Lan Sang, Eng. P. K. Kwok, Esq. Wong Cha Sos, Esq. Wong Jun Tong, Esq. Kan Ting Po, Eag. Chan Ching Shok, Esq. Yang Ping Wah Eng KAN TONG, PO, Esq., Chief Manager Li Taz Foxa, Esa, Manager

Brancher and Agencies:--

Halpbang Haskow

Karloos

Расти Singapore Laudon

- Bouribaya Rangoon Monda Belron Bwilów Melbourne San Fran. Sydney Magusaks

also intaln ▼ New York Beattie

DEVIT

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE;

18, PINE STEHT,

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

This Bank is entirely owned by THE CHASE NATIONAL BANK, New Yoox, with Resources of avi 17.8.$2,500,000,000...

D. M. BIGGAR,

Second Vice Pril

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT- OF CHINA ÀS 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:

Every description of Banking and Excharge business transacted. Losar granted on approved securities.

Current Accounts opened in Local Currency and Fixed Deposite re- ceived for one year or shorter periods in Local and Foreign Cur- rencies on terms which will be SWATOW quoted on "application.

SAFE LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

THE KWANGTUNG « PROVINCIAL

BANK

·(Inaorporated in "Thina) General Banking Facilitics and Finansai Agarts to The Provincial Govarement of Xwangtong Head Office-Sajukwan, Kwasgtang Provinde Hongkong Branch-Queen's Bldg., 3 Chater Ed. Cable Address=~**PROVINCIAL“ 2839, 1949,

J:

Telephones:

20112, 20113, 20143, 20181, $1681 BRANCHES THROUGHOUT SOUTH CHINA Correspondanté in New York and London: Paid Up Capital ...... N$10,000,000. N$10,500,000. Reserve Capital ......

AUYANG MANLY.

Hongkong, Manager.

A job?

WANT ADS

4, QUEEN'S ROAD, "C. South China Offices: CANTON

SHILOHOW.

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonds and other Publis Funds of the Chinese Government both at Home Land Abroad.

SHOU J. CHEN,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Ofcos-15, Gracachurch Street, London, EC3 Authorised. Capital

£3,000,000

Babecribed Capital

· Paldiup Capital Raserva Fund and East,

£3,250,000

.. 21,251

*BANKERS: The Bank of England and Midland

Bank, Ltd. BRANCHES:

Bangkok Bombay

1poh Jaffna

Ouestia Kuantan

Colombo

Delhi

Galle

Hongkong

Howrah

Kandy

Karson!*

Kota Bharu Kuala Lapla

Kada Lampor

Kaala Trenggan

Madras

Haw York

Pring

Hasgoon Shanghai

Simia

Bingapore

HONG KONG BRANCH: Every description of uning and Exobroge

kaalta trapmoted.

TRUSTEE AND EXECUTORSHIP

“UNDERTAKEN S

UVEREST ACCOUNTS Opened in Loosi Der. Pinoy And FTLED DEPOSITS Tived in Lovel Carrey & BTELLISU od terms that may be ascertainað en spy Roktion,

-D.-BENSON.

11

Bangkok Kobe

Batavia Kowloon

Bombay

Kuala

Francisco AIPHONG

Calcutta Lumpur

Cantop Chofco

London

Lyons

Shanghai ....... HAMBURO Singapore HANKOW Sourabaya.

Colombo

Malacca

Sungei

Manila

Foochow Muar

Patani Swatow

Raakow

Barbia

floilo Ipoh

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

Close

Opening

Closing

Change

9.38/40

9.31/31"

9.29/29

.09 off

9.59/59

9.58/53

9.50/50

.00 off

8.54/64

8.57/58

8.58/59

.06 off

}

8.54/57.

8.51/51

8.50/50

.04. off

')

8.48 N

8.43b/48a

8.44 N

.04 off

}

8.34/36

8.22/22

8.30/30 8.15b/1Ba

8.32/32

.02 off

8.17/17

05 of

10,21 N

10.12

.09 off

Total sales Saturday:-13,400 bales.

21.50/52 21.751

19.40/45

18.75/75

18.65 N

19.35/37

18.80/78

unquoted

21.10/10 19.23b/28a

18.88/88

18.55 N

40 off

.17 cff .07 off

10 off

..2,983,281.50

."

211/817

82/811

82/82

- up

821/821 82/811 83/827

821/821

824/821

83/821.

1. up

unch.

"Saturday's sales:--7,484,000 bushels.

11

611/611 807/807 61/611

62/628

621/627

11 up

581/581

581/b/59

62/617 597/597

1 up

AMDY

Batavia

Bombay

קט. 14

Dalantia

Kote

Peris

Peiping

Semarang Shangbai

751/751

751/751

75ła

¿ of..

TIE/ME

Ma

of

:

9.68 N

9.60b

.35 off

.30 off

+32 off