On Shanghai:—
On demand
On Singapore:-
On Japan:-
NEW YORK, June 8, 1940.
On demand
On India:-`
PAGE 10-HONGKONG DAILY PRESS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE 8, 1940
BUILDING
"
On London:-
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Previous *June 8
Telegraphic `Transfer. 1/2 7/8 Bank Bills, on demand 1/3 7/8 Credits 4 months” sight 1/5 3/1
On demand
FINANCE
མ་བ
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE
JUNE 9, 1940
MONDAY, JUNE 10, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
STOCKS
Last Sule
STOCKS
Last Sale
41
June 8
June 8
Adams Express
5
Alleghany Steel Co.
183
Kennecott Copper Lakey Foundry & Mac,
261
BANKING CORPORATION
Authorised Capital..................` $30,000,000
INDIA, AUSTRALIA'
AND CHINA
35
365
Allied Stores
5+
| Libbey-Owens-Ford
Glam
311
Allis Chalmers
2ཇུ། ·
Lockheed Aircraft
་ ་་་ན་
39
Sterling
Aluminium Ltd,
56
Loew's Inc:
24*
Amer. Can
90*
Loft Incorperated
17
96
Proprietors
$20,000,000
Ameriean Cyanamid B
314
| Mack Truck Inc.
103
J
SINGAPORE RUBBER
Closing Opening Closing Charige
Buyers Buyers
SPOT
37-5/B 37-3/4 37-3/4
up 1/8
Telegraphic and demand On New York:-
Transfer
89 1/2
Amer. Foreign Power Amer & Foreign 37 pf.
11
Martin, Glen L
314
Head Office:—HONG KONG
121*
McKesson & Robbins, pfd. 277*
American Gas & Elec.
27
Monsanto Chemical
89
JULY-SEPT.
36-5/8 36-3/4 38-7/8
up 1/4
"OCT,-DEC.
35-1/4 35-3/8 35-3/8
up 1/8
Bank Bills, on demand 93 Credits, 60 days' sight 24 3,8 On, Batavia-
Amer. Locomotive Amer. Metals Co.
113
Montgomery Ward
34
Board of Directors: H. V. Wilkinson, Esq.
14.
|National Aviation
104*
Amer. Radiator
རྒྱུ་
Nat Dairy Products
123
Amer. Rolling Mill
10)
The market was steady but quiet.
LONDON RUBBER
Previous close Today's close
On demand............... 43 On Parts:
Nat Distillers
17
Amer. Sting and Ring Co. 351
National Gypsum
51
Amer, Sugar Refining
131
buyers
buyer's
Change
SPOT
JULY
AUGUST
OCT-DEC
12-3/8
."
12-5/16
12-1/4 11-11/16 11-3/8
TAK
Market closed
Bank Bills, on demand 1000 Credits 4 months' sight 1150
On Saigon:-
On demand
........ 108 14
National Lead
15+
"Amer. Tel, & Tel:
150
Nat, Power & Light
Amer. Tobacco "B"
74
National Steel Corp.
55
G. Miskin, Esq.,.
On Manila:--
New York Cotton, July New York Rubber, July Chicago Wheat. Sept. Chicago Corri, Sept. New York Hides." June NEW YORK COTTON
High Low .9.55 9.47 21.25 21.25
JAN.-MARCH
NEW YORK COTTON: Small Southern liquidation was absorb- ed by scattered domestic and foreign Trade interests. The weather in the cotton bolt was favorable.
NEW YORK RUBBER: There was light factory interest. CHICAGO WHEAT: The market is nervous" on the possibility of the removal of peg-prices. The movement of the crop in the Scuth- West is heavy, but not much new wheat is offering.
NEW YORK STOCKS:
115.36: Change, off 31,
Previous close, 115.67; Today's close.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Market Report
FROM ROZA, BROS. The price for Ready Silver was unchanged yesterday but the For- ward rate dropped 5/16 to 21.7/8, Silver advices reported some bear
for Covering
Cash. A small- business was done. The market American Silver was was quiet. quoted at 34.3/4 10 Spot
The London New York cross-rate
was quoted at 4021/2. New York! London was quoted at 382
On demand .....................
48"
Amer. Waterworks Anaconda Copper Atchison; T. & 8. Fe.
6
National Supply Corp.
51
K. S. Morrison, Esq.,
Issued & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 1859
Reserve Funds: -
Paid-Up Capital £8,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Chairman.
Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. E. Dodwell,
HEAD OFFICE: LONDON:
38, Bishopsgata E.0.2 Sub-Agencies In London: 117/129, Leadenhall Street, E.Ca West End Branch: 14/16, Cockspur Street, 8.WL Manchester Branch:
52, Mosley Street, Manchester, 3.
AGENCIES AND BRANCHES:
HARRIN YONG TONG BANGOON
prietors
...£3,000,000 *****£3,000,000
.£3,000,000
ALOR STAR. AMRITSAR
PENANG
203
T. E. Pearce, Esq.,
New York Central .....
10
134
Niagara Hudson, Power
C. C. Roberts, Esq.,"
MUNGKOK BATAVIA
ILOILO
BAIGON
31
Aviation Corp.
51
N. American Aviation
171
Hon. Mr. A. L Shield,
BOMBAY
ПРОД KARACHI
SEREMBAN
SHANGHAL
On Bangkok:-
On demand
149 1/2
Bacock & Wilcox
22-
North American Co.
151
Sir Vandeleur M. Grayburn,
Baldwin Lecometive
143
Northern Pacific
51
On Sterling Notes:-
Baltimore & Ohio ...
31
Bank Buying Rate
1/4
Owens-Timals Glass Co.
44..
DALOUTTA
AGENCIES:
Chief Manager. CLIVE SEXXY
"FAIRLIN PLACE SANTON
KLANG
KOR KUALA
SINGAPOR
SITIAWAN
NOURABAYA
A LUMPUR
„TAIPING
Barber Asphalt Co.
91
Bar Sliver per oz.
Pacific Gas & Elec
26
23 3/8
Barnsdall Ol
81
Paciae Lighting
354*
Amoy
Branches: Johore..
CAWNPORE
KUCHING
TIENTSEN
Bell Aircraft Corp.
174.
Bangkok Kobe
Rangoon Saigon
CKBU COLOMBO
MADBAR
TONGKAR
MANILA
(Bhuket)
Packard Motors
31
Bendix Aviation
264...
Batavia Kowloon Sản
DILH1
KADAN
ΤΗΣΝΟΤΙΟ
Pan-American Airways
13.
Bombay
Kuala
Francisco HAIPHONG
Bethlehem Steel
60+
Paramount Pictures
44
Calcutta
Lumpur Shanghai
HAMBURG
NEW YORK FRIPING
YOKOHAMA
Bliss Co.
15.
Pennsylvania RR.
Boeing Airplane Co.
14
Phelps-Dodge
Borg-Warner
15
Philadelphia Read, Coal-
Bridgeport Brass Corp.
Phillips Petroleni
Briggs Mig.
151
Pittsburg Coke & Iron
Brooklyn-M'hattan Trans.
183
Públic Service of NJ,
Brooklyn-Manhattan $8..
90*
Pullman Inc. .......
Budd M'facturing Corp.
34
Pure Of
BI
801
611 6:1
Prev. Today's Close 9.43
21.16
811 80% i off 617 BI
off
Canadian Pacific R'way
*27
Radio Corpn. of Am
Close Change
Case, JI
415*
Reading Company, Com 101*
Celanese
24
9.55 ..07 up
Remington Arms Co., Inc.
21.23b 07 up
Chesapeake & Ohlo
33
Republic Aviation Corp. ...
MARKET
Chrysler "Corpn.
574
"
Republic Steel
!1
Quiet
Climax-Molybdenum Co.
271
Revere Cop. & Brass Inc.
Close
Opening
Closing
Change
July
9.48/48
9.50/50
9.55/55
:07 up
July New contract)
9:70/70
9.74/75
9.78 N
.09. up
October
8.63/63
8.04/64
8.69/69
.08 up
December (
8.55/55
8.56/56
8.60/60
.05. üp
January". (
>
8.48 N
8.484
8.51 N.
.05 up
March
>
£,32/32
8.33/33
.8.39/39
07 up
9.70b 9.58N 12 off
There were sellers at 1/2.31/32 June/August, buyers at 1/2 for any
delivery
U. S. DOLLARS Uncertain.
There were
sellers at 23 for Cash. buyers at 23.1/16 for Cash and 25.1/8 June
Continental Can
-STERLING
Colts Patent Fire-Arms Columbia Gas & Elec.
75*
Reynold Tobac. ""8"
41
Richfield Of
Columbla 8" "A" pi.
༩1་
Sateway Stores
Commercial Credit Co.
29
Schenley Distillera
Com, & Southern (Ord.)
}
Sears Roebuck
small
Conselldated Edison Consolidated Oil
244
Sheft Union Of
BI
Socony-Vacunum Of
35
Southern Pacific
Continental of
17
Southem Rly, $5 prd.
May
>
8.18/16
10,43 N
.07 up
No business was reported,
Copperweld Steel
17+
Sperry
Spot
10.36 N
.10.43 N
.07 up
SHANGHAI DOLLARS
Corn Products
48
Spicer Manufacturing Co. 241
Total sales Friday:21,500 bales
NEW YORK RUBBER
July
September
December
January
21.18/16
21.20b/35a
10.40/45
19.45b/46a
18.63/70
18.70b/80a
18.50 N
21.23b/25a 19.55/55 18.80/80 unquoted 18.88 N
.07 up 15 up
Business was done' at 385. market closed with sellers at 365 buyers at 386.
Curtiss Wright (C)
71
The
Standard Brands
Curtiss Wright. "A"
241
Stand Gas & Elec.
Deere & Co.
15
Standard Oil of California 18
Distillers Corpn. Seagrams
14"
Standard Oll of N.J.
"
.12 up .12 Up
M
Total sales:-220 tons.
CHICAGO WHEAT
July
81/807
801/81
September
81/814
81/811
December
821/821
821/821
60/80$ 30/801 811/22
* off
† off
Friday's sales:-10,120,000 bushels.
CHICAGO CORN
" 7 off
SHANGHAI MARKET
Sterling opened with sellers at 3.3/4. The highest rate reported "was 3.7/8 At the close there were U.S. Dollar: seilers at 3.27/32. opened with sellers at 5.3/4 and closed with sellers, at 5.7/8.
Shanghai Exchange
Shanghal, June 8 (Reuter).
Official TT, Rates
Eaton Mig. Co.
Elec, Autolite
Douglas Aircraft
70
Stone & Webster
Du Pont de Nemours
•151
Studebaker Com
Eagle Picher 'Lead
81-
Swift International
281
Technicolor
281
Teras Corpn.
Elec. Bond & Share....
41
Texes Gulf Sulphur
Elec, Bond & Share $5 pt.
451*
Timken-Axle ****
Elec. Bond & Share $6 pf.
542"
Trans-America Co.
Elec. Power & Light $7 pt.
201
20th Cent. Fox
Fisk Rubber
10*
20th Cent. Fox. $it pt.
Flintkote
11
Union Bag & Paper Corp.
Gen. American- Trans.
40*
Union Carbide & Carbon
July
631/63) 631/631
September
617/62 611/817.
December
591/60
591/591
€21b 011/017 591/591
i off.
Opening
Gen. Electric ....
291
Union Pacific
of
London
0/3-3/4
Gen. Motors
40%
United Aircraft
1 of
New York
5-3/4
Gen. Rallway. Signal.
11"
United Airlines Trans,
WINNIPEG WHEAT
Japan
21-1/2
Gen. Tire & Rubber
11
United Corpn.
July
75b
751/75
741/741
off
India
20-3/4
Glidden Co.
111
United Corpn. 53 cum pt.
October
77/774
771/771
off
Paris Hongkong
2.75
25
Goodrich (BE)
11
United Gas Corpn.
Goodrich $5 pr.
*46*
United Gas Improvement
NEW YORK HIDES
Sterling
Goodyear Tire & Co.....
134
U.S.. Industrual Alcohol
June
September
December
New York Official
9,70b/75a
9.88/88
10.10/10
9.71b/99a 9.90/90 10.00b/16
9.58 N
.12 off
Sellers
Great Northern Iron Ore
134
U.B. Rubber
9.75b/20a .13 off
9.95b/10:00a .15
off
Spot
34-3/4
unquoted
June
Opening Closing 0/3-3/4 0/3-27/32 0/3-3/4 0/3-27/32
Great Northern Rly, pfa.
18F
US. Rubber $8 pfd,
Great Western Bugar
201
0.9. Steel
Greyhound Corpn.
101
Vanadium
NY-London Cross Rate 3.82
3.75
July
0/3-5/80/3-3/4
Hercules Powder Co.
811*
Tultee Aircraft
U.S. Dollars.
Homestake Mining
401
Walworth Co......
Spot
$5-3/4" $5-27/32.
International Harvester Int Nickel
371
Warner Bros. Pict.
214*
LONDON STOCK EXCHANGE
(REUTER'S 'SERVICE) London, June 7. Chartered Bank
H.K. & Sha! Bank (Lan
Reg.
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility in assumed for errors in transmission.
June
5-3/4
5-13/18
Westinghouse Elce,
Inter. Paper & Power
11#
Woodward Tron-Cor........
July ".
.5-9/18
5-21/32
Market:-Uncertain.
Silver Duty Rate
Int. Tel, & Tel Johns-Manville
Chase National Bank
-451
National City Bank
'
J. & Laughlin Steel, $7 pfd, 50*
18
HK & Shal Bank (Col.
Reg) Chinese Eng. & Mining
(bearer)
The Central Bank of China's rate on London at 10 am. today was 1/2-1/26..
-bid
81
1939/40
17/0
35.90 22 15 20 Rails
£
Chosen Corporation
8/6
War Loan, 31% (Red
after 1952) Canton-K'ioon Rly, 5%
Pekin Syndicate .......
981
Bhat Elec. Constr. Ca....
15
8
8'hal Waterworks "A"
14
!
High Low Dow Jones Averages.
155.92 113 25 30 Industrials
115.67
23.91
27.70 18 10 20 Utilities
18 10
22 2# 8306 40 Bonds
83.88
93.87
85.87 45.89 11 Commodity Index 52.47.
53429
Business Done -200,000 shares
.
Chinese 41% Gold Loan
Union Insurance
25
1898 (Brit. Issue ..... Chinese 5% Gold Bonds.
43
Oula Kalumpong Rubber" 15/7
Allied Ironfounders
10/0
1925-47
43
Asso. & Elec. Industries 35/9
Chin. 41% Anglo-French
Austin Motors, ord. .....11/3
Loan, 1008
44
Cable & Wireless, New
Chinese 5% Crisp Loan,
Form, ord.
.40
1912
17
B.-A, Tab, (bearer)
83/11
Chinese 5% Reorg. Loan.
Mercantile Bank
12+
1913 (Ldn. Ta)
24
Cammell Laird, ord.
5/3
Chinese 8% Ster. Notes,
Mexican Eagle
.3/6.
1925 (Vickers)
Courtaulds ..
26/6
take 300 bars.
TO-
Chin, Imperial Rly. 5%
Distillers
54/6
Indian Mint Silver
.. Loan
56
Dunlop Rubber
29/9
Ready
Homan Rly, 5%
12
Gen. Electric (England)
69/9
July 2 Settlement
Hukuang Rly. 5%, 1911...
14
Guinness (A) Son & Co.
62
July 30 Bettlement
62-11 02-11 62-11
and TIENTSIN
Hukuang Rly. 5%, 1911
German Issue)
11
Lung Tsing & U. Hai
Rly. 5% 1913 .........
11
Hawker Siddeley Airc... 9/4 Bristol Aeroplane......... 10/0 Imperial Chemical Ind. 27 Imperial. Tobacco
88/11
6'hal-N'King Rly, 5%
15
Tientsin-Pukow Rly, 5%
Brit: Stpd.)
Marks & Sp'cer "A". ord.: 34/9 Rolls Royce ......
65/9
Rub. Plant. Invest. Trust 24/3 Burma. Corporation Commonwealth Mining
7
9
Leyland Motors ...............................
Tientsin-Pakow Rly. 5%
Tate Lyle
50 ...50
Marsman Investments
10
Randfontein Estates
35
(German Btpd.) ... Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl Loan) Tientsin-Pukow Rly. 5%
9
(Ger. Stpd. Sup!. Loan) Jap, 5% Bter. Loan, 1907 344 Jap.. 6% Ster. Loan, 1924 393 Ger, 7% Intl. Loan, 1924 54
Turner & Newall
**********, 57/9
Western Holdings ........
8/8...
United Steel
19/3
Sub-Nigel....tasmoariouznéom
175
Smethwick Drop Forg, ...
12/0
Tanami Gold Mining
34
Armstrong Stevens, ord. 5/8
Anglo-Iranian
37/6
Pressed Steel, com........ 11/71
Burmah
53/9
Vickers, ord.
12/6
Enell Trans & Trad.
Woolworths
Anglo-Dutch
-47/6
(beater)
58/3
18/3
--Nominal
The Equalisation rate was 24 Det.cent.
India Rupee Paper
Bombay, June 8 (Reuter).
Govt. 33% Rupee, 90-12-0
Calcutta Exchange
Calcutta, June 8(Reuter). TT. on Japan, 942.
SILVER MARKET
BOMBAY SILVER
Hombay, June 8 (Reuter),
1-ex div. DOW JONES AVERAGE
June 9, 1940. June 7, High Low Close "Change 110.05 115.90 $15.38 31 off 23.87 23.78 2379.19 off 18 63
.07. 18.45 18,57
.0% off .18 off
Foochow Muar
Patani
Haiphong (Johore) Tientsin Hankow Mukden Tokyo
New York Tsingtao
Yokohama
HANKOW
(Peking)
FOLLON Exchange and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Que 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 interest allowed at rates obtainable on application..
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.
AL30 up to date SATE DEPOSIT British Income Tax overpaid, on Hoxes in various sites To Lar
BANK
terms which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
is conducted by the HONGKONG &SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAL BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central:
Board of Directors:
SIE BROUSON Crow, Chairman
Li Lan Sang, Esq. La Koon Chan, Esq. P. K. Kwak. Esq._
Wong Cha Son, EST. Wong Tan Tong, Esq. Kan Ying Po, ag. Chan Ching Shez, Esq. Fang Fing Wahag KAN TONG FO, Esq., Chief Manager Li TSE FONG, Esq., Manager
Branches and Agencies:- -
Haiphong Hankow Bezalelu
Egrelos Presid Bizgapore Louden Bangos Bourabaya Manila
Забра Bestow Kalbose San Fran. Sydney TagELERİ New York Bestile
ORTH Parla
࿄*
Aa
HEAD OFFICE:
18, PINE STENT,
* NEW YORK. American Bank offering com plete Foreign Banking Bervice 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 Your, with Resouros of oral
-- U.S.$2,900,000,000...
D. M. BIGGAR,
· Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000,00 (BRANCHES ALL OVE CHINA); Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend * our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch:"
4, QUEEN'S road, c.
South China Officer:....."
Every description of Banking and Exchange business transacted. Loans | granted on approved securities.
Current Accounts opened in Local
CANTON Currency and Fixed Deposits re- SWATOW ceived
or shorter 8HLUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.
for
fine year
SAFE CEPOSIT Boxes To LET.
KAN TONG PO,
Chiej Manager.
INDO-CHINA
STEAM
NAVIGATION COMPANY LTD.
Market Quiet but steady. Of Operating Services for Cargo and Passengers
SWATOW, SHANGHAL, TSINOTAU, CHEFOO
KOBE and OSAKA-
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession a
Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
JARDINEE MATHESON&Co.,LTD. TELEPHONEŠIOJIID GENERAL MANAGERS
*KONGMOON
TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abreed.
SHOU J. CHEN,
Manager.
THE KWANGTUNG PROVINGIAL
BANK
(Incorporated in Shiman
General Banking Facilities and Finanelal Agenta to The Provincial Government of Kwanglang Hand Oftes-Shiukwan, Kwangtang Provinae - / Hongkong Branch-Queen's Bldg., & Chatar Bd. Cable Adiccase—“PROVINCIAL” 2039, 0445. Telephones:. 20112, 20113, 20143, 20181, 21681; *
BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and Landen Paid Up Capital N$10,000,000. Reserve: Capital .............. N$10,500,000.
AUYANG M.NLY.
Hongkang MansKSY.
A job?
WANT ADS
187
Canton
London
Singapore
26+
Chefoo
Lyons
Sourabaya
Colombo
Malacca
Sungei
'30
Dsiren
Manila
g
Swatow
321
191
Harbin
7
41
floilo Ipch
Peiping
Pedang
43*
41
153
Bi"
CURRENT Accounts opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter: periods in Local and other Cur-:
331
62
38
Hong Kong, 28th February, 1940.
77
77
HONGKONG SAVINGS..
||
151
39"
5+
1
35
57
ex
17
.10.
35
274
214
་་
BANK OF EAST ASIA, LIMITED
41
51
Authorized Capital......$10,000,000.00
143
Paid-Up Capital
5,699,000.00
103
Reserve and Undivided
627
Profits
...2,063,261.50
75*
424
144
11
281
1*
10
154
161
711
461
29
**
31
Amoy
21
84
Batavia Bombay
211.
Kobe
Peiping
Bemarang
Shanghai
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