SPOT JULY-SEPT
37-3/4 37-3/8 37-3/8
38-5/8
36-1/4 38-1/4
OCT.-DEC.
35-348 35
35
of 3/8 of 3/8 oft 3/8
War Loan, % Red,
after 1952) .... Canton-K'loon Rig. 5% 8 Chinese 4% Gold Loan 1898 (Brit. Lasue) ...... Chinese $% Gold Bonds.
-1925-47-
PAGE 10 HONGKONG, DAILY PRESS
PAYNE & CO.
COMMODITY BROKERS. STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, June 8, 1940.
SINGAPORE RUBBER
Previous
June 5
Closing Opening Closing Change Buyers Buyers
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
A
London, Jung 6.
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and ne responsibility is assumed for errors In transmission.
FINANCE
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Alleghany Steel Co. Allied Stores
Allis Chalmers Aluminium Ltd.
QUOTATION
(REUTER'S SERVICE
JUNE, 7, 1940.
Last Sale
STOCKS
June 8
Last Sale June 6
181
4. Kennecott Copper
Likey Foundry & Mac.
201
3
5
| Libbey-Owens-Ford
Glasa
33
244
Lockheed Aircraft
an
28
Sterling
53
Loew's Inc.
217
H.K. Currency Reserve $10,000,000
SATURDAY.
JUNE 8, 1940,
BANKS
HONGKONĠ & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA
AND CHINA
1
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 18ès
Reserve Funds:
£8,500,000 Paid-Up Capital... £3,000,000
Reserve Fund
£3,000,000
Reserve Liability of
Reserve Liability of Pro-
Amer. Can
90
Loft Incorperated
174
Proprietors
.$90,000,000
prietors
$,000,000
American Cyanamid B.
31
Mack Truck Inc.
194
Amer. & Foreign Power
Martin, Glen L
310
Head Office:-HONG KONG
43
AmerForeign ST pf.
127
| McKesson & Robbins, p/4.
18
American Gas & Elec.
261
Monsante Chemical
88
Board of Directors:
43
Amer, Locomotive
113*
Montgomery Ward
344
H. V. Wilkinson, Esq.,
Chin. 44% Anglo-French
Amer. Metais Co..........
134
National Aviation
92
The market was quiet. LONDON RUBBER "
Loan, 1908
Amer. Radiator
5
Nat. Dairy Products
12
44
Previous close Today's close
Chinese 5% Crisp Loan..
Amer. Rolling Mill
101
Nat.. Distillers.......
171
buyers
buyers
SPOT
12-1/4
12-1/4
Change
unch.
1913
17
Amer. Sting and Ring Co. 35
National Gypsum
st
Chinese 5% Reorg. Loin.
Amer. Sugar Refining
13
National Leat
181
Amer. Tel, & Tel
1491
Nat, Power & Light
51
JULY
12-1/8
12-3/18
AUGUST
OCT.-DEC.
JAN.-MARCH
The market was dull,
12-1/16
12-1/18
up 1/16 unch.
1913 (Ldn. Is)
24
11-9/16
11-9/18
Chinese 8% Ster. Notes,
1925 (Vickers)
Amer. Tobacco "B"
73+
National Steel Corp.
1. Miskin, Esq.,
52
K. S. Morrison, Esq.,
Chairman. Hon. Mr. J. J, Paterson,
Deputy Chairman. J. K. Bousfield, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2
Sub-Agencies In Londen: 117/19, Leadenhall Street, Eas West End Branch: 14/18, Cookspur Street, S.WL Manchester Branch: 52. Mosley Street, Manchester, à.
AGENCIES AND BRANCHES:
HARRIN HONG KONG LANGOON
ALOR STAN AMRITSAR
PENAKS
Amer, Waterworks
**
National Supply Corp.
11-5/16
11-5/16
Chin. Imperial Rly, 5%
Loan
Anaconda Copper
201
New York Central
T.-E. Pearce, Esq.,
C. O. Roberta, Esq.,
BANOXOX MATSYIA
Atchison, T. & 8. Fa
14.
Niagara Hudson Power
56
Hon. Mr. A. L Shields,"
BOMBAY
ILOTEN
IFOA
KARACHI
SAIGON
BEREMBAN
YHACHAÌ
NEW YORK COTTON: Price fixing for nears continued active. NEW YORK RUBBER: The market is awaiting more definite news regarding the abolishment of free Sterling.
CHICAGO WHEAT: Better war news and reports of the abolish- ment of free Sterling were responsible for today's steadiness, but with the approaching July liquidation and a possibility of cancellation of peg-prices, buyers remain hesitant.
NEW YORK STOCKS:
114.48: Change, up 1.23.
Previous close, 113.25: Today's close,
NEW YORK COMMODITY | MARKET
(REUTER'S SERVICE)
Honan Rly, 5%
12
Aviation Corp.
51
N. American Aviation
17
{"CALOUTTA
KLANG
SINGAPOR
Hukuang Rly. 5%. 1911... 14 Hukuang Rly... 5%. 1911
Bacock & Wilcox
211*
North American Co.
18
Sir Vandeleur M. Graybara,
...AGENCIRS:. KOBE.
SITIAWAN
Baldwin Lecometive
141
Northern Pacific
51
Chief Manager. Cura S KUALA
SEURABAYA
PAULES PLACK
.German Issue) Lung Tsing & V. Hai
Rly. 5% 1913
11
Baltimore & Ohlo
31
Owens-linois Glass Co.
441
......... Branches:
CANTON
LUMPUR
TALPING
Barber Asphalt Co.
Pacific Gas & Elec
251
CAWNPORE
KUCHING
TIENTAIN
11
Barnsdall On
81
Pacific Lighting
+36
Amoy
Johore Rangoon
СЕВИ
MADRIE
TONGEAN
Bell Aircraft Corp.
184
Bangkok Kobe
Saigon
COLOMBO
MANILA
(Bhuket)
Packard Motors
34
& hal-N'King Rig. 5%
15
Batavia
Kowloon Sab
DALEI
MEDANTM
TSIKOTAD
High
Low
New York Cotton, July New York Rubber, July Chicago Wheat, Sept. Chicago Corn, Sept, ... New York Hides. June NEW YORK COTTON July
9.43 9.26 2110 20.95
Close Change Close Prev. Today's
9.30 9.43 14, up 20.85 21.00 .15 up
Tientsin-Pukow Rly, 5%
(Brit. Stpd.) Tientsin-Pukow Rly. 5%%
(German Stpd.) Tientsin-Rukow. Rly. 5% (Brit. Stpd. Supl. Loan) Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl, Loan) Jap. 5 Ster. Loan, 1907 341 Jap. 6 Ster. Loan, 1924 391 Ger, 7% Intl Loan, 1924 53 Chartered Bank
81
Bendix Aviation
201
Pan-American Airways
Bombay
Kuala
Francisco
Bethlehem Steel
69
Paramount Pictures
41
Calcutta
Lumpur Shanghai
Bliss Co.........
Boeing Airplane Co.
Borg-Warner
Bridgeport Brass 'Corp. Briggs Mig. ......
9
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $8.... Budd M'facturing Corp. Canadian Pacific R'way Case, J.I
.801
פן
791
80
tup
4.K: & S'hat Bank (Ldin.
61!
604
812
613
Reg.
unch.
H.K. &. Shal Bank (Col.
9.80 9.80
9.38N 9.71N 33
Close 9.30/30
Opening
Closing
11 Change
ལྤ ཚ
Celanese
78
Chesapeake & Ohio
Chrysler Corpa.
Climax-Molybdenum Co.
Teg).
9.26/26
9.43/43
13. up
Chinese Eng. & Mining
(bearer)
Colts Patent Fire-Arms...
Columbia "Gas & Mec.
17/0
July New contract) ·
9.52 N
9.48/48
9.85 N
13 up
Chosen Corporation.
·0/0
Columbia 8% “A” PË
October
8.50/50
8.45/46
8.55/55
.05 up
Commercial Credit Co.
Pekin Syndicate
2
December (
8.40/40
8.37/37.
8.47/47
S'hai Elec. Constr. Co.
15
Com, & Southern (Ord:)
January
(
)
8.33 N
March
}
8.22/22
May
(
) ....... 8.05/07
8.29b/30a 8.19/19 8.04b/053
8.40 N
07. up
S'hal Waterworks "A"...
14.
Consolidated Edison
8.29/29
107 up
Consolidated Of
17
Union Insurance
25
B.15/15-
.09 up
Spot
10.18 N
10:31 N
13 ur
Gula Kalumpong Rubber
15/74
Continental Can
Allied Ironfounders
11/3
Continental Oil
Total sales Wednesday:--13,600 bale
NEW YORK RUBBER
Asso & Elec, Industries
38
Copperweld Steel
"
Austin Motors, ord.
Corn Products
11/3
July
September
December
January
20.35/85" 19.15/15
20.50b 75a
<
18.95/02..
21.00/00 19.15/15
.15 up
unch
Cable & Wireless, New
Form, ord.
Curtiss Wright (C.)
40
Curtiss Wright "A"
18.58/58
18.40/40
18.44 N
unquoted
18.600 "18.46
Deere & Co.
02 up
B.-A, Tob... (bearer)
82/6
.02 up
Mercantile Bank ....:
121
Distillers Corpn. Seagrams
Total sales-600 tons.
Cammell Laird, ord,
5/11
Douglas Aircraft
CHICAGO WHEAT
Mexican Eagle
3. "
Du Pont de Nemours
July
791/791
793/798
791/791
¿ up
Courtaulds
26
Eagle Picher Lead
September
791/80
80/80
80/801
up
Distillers
52/6
Eaton Mfg. Co.
Elec. Autolite
December
804/81"
81/80%
811/811
up
Dunlop Rubber
29/3
Elec. Bond & "Share
Wednesday's sales:-21.879.000 bushels.
Gen. Electric (England)
70
Guinness (A) Son & Co.
61
Elec. Bond & Share $5 p.
CHICAGO CORN
Hawker Siddeley Aird.
Elec. Bond & Share $8 pf.
9/6
July
62)(621
621/62$
621/63
up
Bristol Aeroplane
10/0
Elec. Power & Light $7 pf.
September
611/611
811/011
611/011
unch.
December
001/601 60\/001
591/591
a of
Imperial Chemical Ind.
Fisk Rubber
28.
Imperial Tobacco
Flitkote
85
WINNIPEG WHEAT
Marks & Sp'cer "A" örd. 34/10)
Gen, American Trans. ......
July
748/841
541/741
October
7874
74/74 76)b
i off
Gen. Electric
Rolls Royce
·65
off
Leyland Motors
45
Gen. MotorS..................
NEW YORK HIDES
Tate & Lyle
50
Gen. Railway Signal
June
9.38 N
September
9.50b/523
December
9.73/73
urquoted 9.40b/50s 9.62/65
0.71 N. 9.80/86
10.05/06
.33 up
Turner & Newall
55/10
Gen. Tire & Rubber
.36 "up
United Steel
18
Glidden Co.
,32 up
Smethwick Drop Forg.
12/6
Goodrich (B.F)
BANK OF ENGLAND
New York Oficial.... 34-3/4
NY-London Cross Rate 3.19-1/8
Woolworths
WEEKLY RETURNS AND REPORTS Anglo-Dutch
Rub. Plant. Invest. Trust 24/3 Burma Corporation ...... 8/9 Commonwealth
34-3/4 3.88-1/4
Armstrong Stevens, ord.
5/6
Goodrich. $5 pt. ....
Pressed Steel, com.
12/3
Goodyear Tire & Co..........
Vickers, ard.
12/41
Great Northern Iron Ore...
47/0
Great Northern Rly, pfd.
18/3
Great Western Sugar......
Greyhound Corpn.
Hercules Powder Co.
Mining
Homestake Mining
London, Jure 6 (Reuter).
May
30
June 6
£
Marsman Investments Randfontein Estates
10
International Harvester ...
Public Deporta
30,120
13,610
33/11,
Int Nickel
Other Deposita:----
Bankers
Other Accounts Total
Government. Securities
Western Holdings
679
Inter. Paper & Power
94:910
118,730
Sub-Nigel **.
175
Int, Tel.&. Tel."
..50,480
49,610
Tanami Gold Mining
3d...
Johns Manville
145,390
148,900
158,400 181,730
Anglo-Iranian
Burman
38/3 51/104
J. & Laughlin Steel $7 pfd. 51
Other
Securities:
Discounts & Advances
2,880
2,890
Shell Trans,
& Trad.
Securities
Total
22,730
22,810
(bearer)
55
25,610
25,700
Nominal
1930/40
Notes and Coins
24,780
12,400
High
Total Bullion
1,640
1,660
Notes in circulation
556.860
589,260
Ratio of Reserve to Liabilities
Price of Gold at which holdings are valued
6.81% 1887-
LONDON GOLD
155.92 113 25 30 Industriale
25,90 9216 20 Rails
37.70 1810 20 Utilities
22:27 8306 40 Banda
London, "Junë 8 (Reuter).. Bar Gold. Fine per oz, 168.
13.65% 160/-
FEDERAL RESERVE SYSTEM
New-York:~~36 (Reter)-
Bills Bought
US. Securities held
Federal Reserve Ratio
Federal Reserve Gredit Outstanding
Monetary Gold Stock
Industrial Advance
SILVER MARKET
LONDON SILVER
London, June 6 (Reuter).
June 1-(1938)-May-30June.6.
'(000's omitted)
$ 1,000 2,564,000 2,477,000 85.48% 88.40% 2,673,000 15,950,000 19,182.000 12,487,000 9,161,000
2,477,000 88.40% 2,511,000 2,530,000 19,281.000
9,088,000
BROKERS LOANS
New York, June 6 (Reuter), Loan on securities to brokers in
Silver: Little Indian bear cover-New York:
ing of short supplies. Business small. Market steady. In the Week-ended afternoon, the market was quietly steady.
Spot, 23-3/8d.
Forward, 22-3/104.
BOMBAY SILVER Bombay, June 6 (Reuter)... Market Quict but steady. take 100 bars,
Indian Mint Silver
Ready July 2 Settlement July 30 Settlement
Week-ended
Week-ended 3/8/39 30/5/40 8/6/40 #568,000,000 $350,000,000 $312,000,000
ON WAR-TIME® BASIS
BUCHAREST, June 7 (Reuter- Off-Rumania has decided to put her uational economy on a wartime basfs and the Minister for Nation- al Economy will control the pro- duction, and chief articles of "a- tional consumption will be stan- dardised and prices will be fixed.
62-12
***.... 62-12 62-14
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
TO-
"J
"SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt. Terminal in the Franch Concession at Bhanghai, where passopgers and cargo are landed,
For further particulars
please apply to
JARDINE MATHESON&Co Lt TELEPHONE KOJIE GENERAL MANAGERS
Muar
Patani Swatow
(Johore). Tientsin Mukden Tokyo... New York Tsingtao Peiping
Yokohama
(Peking)
FORON Exonange and General Banking Businem transacted.
CURRENT ACCOUNTS opened and FIXED DAFOBITs received for One Year or shorter periods in Local of Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITE
[on application, received for one year
or abortor
"The Bank's Head Office in London periods in Local and other Cur-
terms which will be undertakes. Executor and Trustes, 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.
Atso up to date Sara DEPOSIT Boxta in various sizes To L. Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank!
THE CHASE BANK
&SHANGHAI BANKING COR 13, QUEEN'S ROAD, CENTRAL
ed en application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Authorised Capital.....$10,000,000.00 Paid-Up Capital Heserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
SIR SHOUSON CHоw, Chairman
Li Koon Chan, Esq.
Li Lan Sang, Ea P. K. Kwok, Esq. Wong Chu Son, keq. Worg Tun Tong, Esq. Kan Ying Po, Beg.. Chan Ching Shok, Enq, Fung Ping Wah Eng KAN TONG Po, Esq., Chief Manager LIT FONG, Esq., Manager
Branches and Agencicard
Kavics
Bingapore London Видроод Boursbaya
Löwydawa
Kaibourne
Saigon Ban Fran- Byday
Nagaiaks New York Beattie Parit
Berk Shanghai
ORVER
HEAD OFFICE:
18, PIN STRENT,
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
BATE, " THE CHASE. NATIONAL NEW YORK, with Resources of ovul 17.8. $2,900,000,000.
D. M. BIGGAR,"
Second Vice Praz
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 'Ovra CHINA) Owing to our numerous 'Braneben in China and connections in the principal Commercial Centres of the World, we are able to extend so our Clients special facilities for.. Domestic and Foreign Banking and Exchange.
?
Head Office:~SHANGHAI Hong Kong Branch:
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts epened in Local Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Car-CANTON terms which will be SWATOW
SELUCHOW
rencies on quoted on application.
SAFE LEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager
THE KWANGTING FROVINCIAI
BANK
(tocorperated in China) Caseral Banking Facilities and Vinasolal Agente to
The Provincial Gover
} Goverment of Kwangtang
Head Office-Salakwan, Kwangteng Province *Kongkong Branch -Queen's Bldg,, Chater Bd. dabis Addresses "PROVINCIAL" 2030, 0145. Telephones:"
20112, 20113, 2
43. 20181, 3168i.
20143.
BRANCHES THROUGHOUT
SOUTH CHINA Correspondents in New York and London" Paid Up Capital ...... NE10,000,000
Reserve Capital
N$10,500,000
AUYANG MANLY...
Hongkong Manager,
A Job?
Consul
WANT ADS
-4, QUEEN'S ROAD, C.
South China Officer:,
KONGMOON
..
- TOISHAN
KINGCHOW We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad,
SHOU J. CHEN,·
--Manager,
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office1-15, Gracechurch Street,
**London, 903 – Authorised Capital
Sabearlbed Capital:
Paid-up Capital... Kamerve Yand and Rest,
BANKERS:
£2,000,000
€1,300,000
$1,050,000
-£1,256,899
The Bank of England and Midiand
Bank, Ltd. BRANCHES:
خدمة ال
Bangkok
Ipoh
Bott bay
Onleutia
Colombe
Kandy
Delhi dela
Karschi
Cole Board
Hongkong
Kaala Jápis
B
Kuala Trengg
Stadens
New York
Paning Rangoon
Shanghai
Skamla
Kuala Lumpur Singapore
HONG KONG BRANCH: Evarý descriptions of Banking, and Exchange business transactA
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
UURRENT ACCOUNTS opened in Local Our [ready in), FIXED DEPOSITB receivad In Lowal Currency & BTEELING oa tarmos that may be ascertained on api lantion.
BENSON
151
Pennsylvania R.R
181
Canton
London.
14
Phelps-Dodge
247
Chelco
Lyons
Singapore Bourabaya
BAIPHONG HAMBURG HANKOW
NEW YORK PIPING
YOKOHAMA"
143
Philadelphia Read, Coal)
+
Colombo
Malacca Sungei
81
Philips Petroleum
Dairezi
Mauila
Foochow
147
Pittsburg Coke & Iron
51
181
Haiphong
Public Service of N.J.
321
Bankow
90*
Pullman Inc.
.181
Harbin
33
Pure Oil
Iloilo
21
Radio Corpn. of Am. ......
41
Ipoh
Penang
411
Reading Company,
Com
101
4
234
Remington Arms Co., Inc.
* 41*
CURRENT
3221
Republic Aviation Corp, ...
41
56
Republic Steel
15
27+
Revere Cap. & Brass Inc.
83
rencies of
72}
Reynold Tobac. "B"
331
41
Richfeld Ol
61
71
Safeway Stores
38
294
Schenley Distillers
31
Z
Sears Roebuck
631
24
Shell Union Ol
77
8.
Socony-Vecunum Of
71
35.
Southern Pacific
71
17
Southern Rly 35 pfd.
142
17
Sperry
387
45....
Spicer Manufacturing Co. 231
is conducted by the HONGKONG
71
Standard Brands
53
234
Stand Gas & Elec
1*
PORATION. Rules may be obtain
141
Standard Oil of California
18
131
Standard Oll of NJ.' ......
341
744
Stone & Webster
54
1521.
Studebaker Com.
81
Swift International
174
Hong Kong, 25th Feb., 1939.
26
Technicolor
93*
28
Terás Corp.
3411
41
Texes Gulf Sulphur
271
461
Timken-Axle "..
BANK OF EAST ASIA, LIMITED
584
Trans-América Co.
44
201
20th Cent. FX
10"
20th Cent. Fox, $14;pf.
141
11
Uplon Bag & Paper Corp.
104
401
Union Carbide & Carbon
6241
Profits
5,398,000.00
.2,683,261.50
291
Union Pacine
781
40
United Aircraft
42
103
United Airlines Trans
137
111
United Corpa
117
United Corpn. $3 cum pt. "231
11
United Gas Corpn.2241
1
48*
United Gas Improvement
101
132
US., Indastrual Alcohol.
16
134
U8. Rubber
17
181
US. Rubber $8 pid,
712
20
U.8. Steel
46
104
Vanadium
291
80
Vultee Aircraft
39**
Walworth Co.
31"
Ámay
381
Warner Bros. Pict.
21
Baria
211
Boobay
Manila
Westinghouse Elec.
814
Valortia
117
Woodward Iron Cor.
22
Haiphong
Histow
21
4.4
Chase National Bank National City Bank
Kanəlin
Kate
... Popla
+-bid.
1
DOW JONES AVERAGE..
Low Dow Jones Averages. Jane. 5, High Low Close Change
113.95
*
2294
18.10 83.64
€5.87 45.59 11 Commodity Index 01.46
June 7, 1940
1180 113.05 11448 1.23 up .15 up 23.13. 29.93 23.09 18 33 18.13 18.24
14 up 83.62 .02 of 51.90 .44 up Business Done 430,000 shares
No comments yet.
Private notes are available after approval.