1940-06-12 — Page 10

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PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICK)

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, June 10.

The following quotations are the middle prices at the close of the market in Landon. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

Previous June 10

Closing Opening Closing Change

After ruling steady, the market became firm on covering, trade buying and reserved sellers.

NEW YORK STOCKS: 111,84: Change, off 3.52.

WEDNESDAY, JUNE 12, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1858

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

BANKING CORPORATION

Authorised Capital..... 850,000,000

Reserve Funda: "

.£3,000,000.

Sterling

...£3,000,000

Proprietors..... *.*....$20,000,000

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

prietors

..£3,000,000

HEAD OFFICE: LONDON:

Head Office:--HONG KONG

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

Chairman Hon. Mr. JJ. Paterson,

Deputy Chairman.

J. K. Bousfeld, Esq., A. E. Compton, Esq., Hon. Mr. S. H. Dodwell,

G. Miskin, Esq.,

K. S. Morrison, Esq.,

T. E. Pearce, Esq.,

C. O. Roberta, Esq.,

Hon. Mr. A. L. Shields,

Sir Vandeleur M. Grayburn,

Chief Manager.

Rangoon Saigon

·Calcutta Lumpur Shanghai

Canton

Chefoo Colombo

Singapore Lyons Sourabaya Malacca Sungei Daireh Manila. Patani Foochow Muar

Swatow... Haiphong (Jobore) Tientsin

Tokyo Mukden New York Tsingtao Peiping Yokohama Peuang

Bankow Harbin

floilo Ipoh

CURRENT ACCOUNTS opened in LOCAL CORBENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.

Also up to date SAFE DEPORI Boxes in various sizes To Li Hong Kong, 28th February, 1940.

HONGKONG SAVINGS

BANK

38, Bishopsgate E.C.3. Sub-Arenoles In London: 117/192, Leadenhall Street, E.C

West End Branch: 14/18, Cockspur Street, S.WL Manchester Branch: 52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

HABBIN HONG KONG MANGOON

ALOR: STAR

AMRITSAR

| BANGKOK

BATAVIA

BOMBAY

ILOJIA

10K

TARACHI

CALOUTTA KLAND

ACENGINE:

CLYA START Faislik PlaCH CANTON DAWNPORN C230 COLOKBO

HANKOW

TORE KUALA

LUMPUR KUCHING MADSAN MANILA

MERAN

NSW YORK PSIPING

(Peking)

PENANG

BALDON

BERKMBAN

: SHANGHAI

SINGAPOR SITIAWAN

SCURABAYA TAIPING TIENTSIN TONGEAN AY

(Bhuket)

TINCTIO

TOKOHAMA,

FOREIGN EXCHANGE and General Banking Business transacted.

COLMENT Accounts opened and FIXED DEPOSIT 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 Carrency and Starling with interest allowed at rates obtainable co application.

The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Hanager.

THE CHASE BANK

JUNE 11. 1940

STOCKS

Last Sale

STOCKS

Last Sale

June 10

Adams ExpTESS,

Kennecott Copper

251

Alleghany Steel.Co.

Lakey Foundry & Mac. ....

Ailled Stores

Libbey-Owens-Ford

Glass

Allis Chalmers

231

Lockheed Aircraft

Aluminium Ltd,

Loews Inc.

221

Amer. Can......

Loft Incorperated

167

American Cyanamid B.

Mack Truck Inc.

Amer. & Foreign Power

-1

Martin, Glen L.

War Loan, 34% (Red

after 1952) Canton-Kloon Rly. $%

99 8

NEW YORK, June 10, 1940,

Amer "& Foreign $7 pf.

124

McKesson & Robbins, pid.... 172*

Chinese 41% Gold Loan

American Gas & Elec.

953

Monsanto Chemical

371

Amer. Locomotive

115

Montgomery Ward

331

Amer. Metals Cu.

National Aviation

1898 (Brit. Issued...... Chinese 5% Gold Bonds,

1925-47

SINGAPORE RUBBER

Buyers Buyers

SPOT

Amer. Radiator

Nat. Dairy Products

121

Chin. 44% Anglo-French

JULY-SEPT.

37-3/4 37-7/8 36-7/8 38-7/8 37.cts.

37-7/8

up 1/8

Amer Rolling Mill

101

Nat, Distillers

Loan, 1908

OCT.-DEC.

35-3/8 35-3/8

35-1/2

Amer. 'ding and Ring Co.

343

National Gypsum

Chinese 5% Crisp Loan.

Amer, Sugar Refining

121-

National Lead

151

1912

The market was steady but quiet, LONDON RUBBER

Previous close Today's close

Arner. Tel & Tel.

140

Nat. Power & Light

Chinese 5% Reary, Loan.

buyers

Change

Amer. Tobacco "B"

721

National Steel Corp.

1913 (Ldn. Is.)

SPOT

12-3/8

12-5/8

Amer. Waterworks

National Supply Corp.

Chinese 8% Ster. "Notes,

.. up 1/4

JULY·

12-6/13

12-5/8

up 5/16

Anaconda Copper

191

New York Central

.91

1925 (Vickers)

AUGUST

12-1/4

12-1/2

up 1/4

Atchison, T. & S. Fa

Niagara Hudson Power

Chin. Imperial Rly. 5%

Branches:

OCT-DEC.

11-11/16

11-7/8

Aviation Corp.

N. American Aviation

.161

Loan

up 3/18

JAN-MARCH ..........

11-3/8

11-1/2.

Bacock & Wilcox

North American Co.

151

Honan Rly 5%.

up..1/8

Amoy

Johore

Bangkok Kobe

Baldwin Lecometive

133

Northern Pacific

Hukuang Rly. 5%, 1911...

Batavia

Kowloon San

DELSI

Baltimore & Ohio

Owens-linois Glass Co.....

42)

(L.P. N/Y Issue)

Bombay

Kuala

Francisco HAIPHONO

Barber Asphalt Co.

94"

Pacific Gas & Elec

251

Bukuang Rly. 5%, 1911

Barnsdall Ou

Pacific Lighting

(German Issue)

Bell Aircraft Corp.

Packard Motors

Lung Tsing U. Hal

NEW YORK COTTON: Despite news that Italy has involved into war. the maket "hold steady on scarcity of contracts and liberal Trade fixations.

HAMBURG

Landon

Bendix Aviation

25%

Pan-American Airways

121

Rly. 5% 1913

Bethlehem Steel

Paramount Pictures ..

S'hai-N'King Rly. 5

NEW YORK RUBBER: Short covering was the chief support. Demand for physicals has been slow.

Bliss Co.

134

Pennsylvania R.R."

183

Tientsin-Pukow Rly. 5%

Boeing Airplane Co.

138

Phelps-Dodge

26+

Borg-Warner

14!

Philadelphia Read, Coal

Bridgeport Brass Corp.

Phillips Petroleum

281

Briggs Mfg.

151

Pittsburg Coke & Iron

Brooklyn-M'hattan

Trans.

Public Service of N.J."

327

Brooklyn-Manhattan $6....

90-

Pullman Inc.

131

"Budd Mfacturing Corp.

Pare Oil

(Brit. Stpd.) „ngedien Tientsin-Pukow Rly. 5% (German Stpd.)...... Tientsin-Pukow Rly. 5%

(Brit. Stpd. Supl. Loan) .9 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan)

CHICAGO WHEAT: T is estimated that only about 15,000,000 bushels of Loan wheat remain in elevators. Good mill buying and Improved four sales were the principal features of today.

Previous close, 115.38;. Today's close,

Canadian Pacific R'way

Radio Corpa, of Am.

.41.

Jap. 5 Ster, Loan, 1907 341

Cane, JI

Reading Company,

Com

101

Jap. 6% Ster. Loan. 1924 39).

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

Celanese

23A

Remington Arms Co., Inc.

Ger. 7% Intl. Loan. 1924

Chesapeake & Ohio

311

Repubilc Aviation Corp.

Chartered Bank

Chrysler Corpn. ....

541

Republic Steel

148

HK. & Shal, Bank (Ldn.

Climax-Molybdenum Co.

Revere Cop. & Brass Inc.

Reg.

#77

Colts Patent Fira-Arms

Reynold Tobac, "B"

H.K. & Shai Bank (Col.

Columbia Gas & Elec.

Richfield OL

Reg)

Columbia 6% "A" pi.

70*

Safeway Stores

Chinese Eng. & Mining

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

831 701

Prev. Today's Eigh

Close Low

Close Change 9.66 9.48.. 9.55 9.54 01 of 22.00 21.38 21.23b 21.90b 67 up

1 80 BI

621

201

611

up .1" up

Commercial Credit Co.

271

Schenley Distillers

(bearer)

17/6

Com. & Southern (Ord.)

Sears Roebuck

024

Chosen Corporation

8/6

New York Hides. June NEW YORK COTTON

9.58N 9.53N

05 off

Opening

Closing

Change

Consolidated Edison

231

Shelf Union 01

Petin Syndicate

July

9.55/55

2.59/59

9.54/54

.01 aff

Consolidated Oll

Socony-Vacunum Ou

S'haf Elec. Constr. Co.

Continental Can

Southern Pacific

S'hal Waterworks "A"

July (New contract)... 9.78 N October

9.81b

9.83 N

.05 up

8.69/69

8.71/71

8.66/66

.03 of

Union Insurance

December (

}

8.60/60

8.62/62

8,57/57

.03

off

Contimental Oil

17:

Southern Rly $5 pfd.

Copperweld steel

Sperry

Gula Kalumpong Rubber

15/7

January

( }

8.51 N

8.52b/54a...

8.48 N

.03 of

Corn Products

Spicer Manufacturing Co

Allied Ironfounders

10/8.

March

}

8.39/39

Curtiss Wright (C)

Standard Brands

Asso. & Elec. Industries

35/6.

May

、"p.

}

8.24/24

3.43/43 3.24b/260

8.34/34

.05 off

8.19/19

Curtiss Wright "A"

237

Austin Motors, ord.

Stand Gas & Elec.

11/10)

Spot

10.43 N

10.42 N.

*,05 off .01 off

Deere & Co.

Standard Oil of California

184

Cable & Wireless, New

Distillers Corpn. Seagrams

13:

Standard Ou "of N.J.

334

Form, "ord."

NEW YORK KUBBER

Douglas Aircraft

721

Stone & Webster

B.-A. Tob. (bearer)

82/6

July

21.23b/25a

21,30b/504

Du Pont de Nemours

147%

Mercantile Bank

124

September

... 19.55/55

Eagle Ficher Lead

Swift International

171

Cammell Laird, ord.

5/3

December

*18.80/80

Eaton Mfg. Co.

261

Technicolor

Mexican Eagle

3/6

January

13.68 N

21:90b/22.00 .67 31.10/10 19.70b/008 15.00/00 unquoted

19.05/05 18.80 N

up .55 up .25 up .12 up

271

Texas Corpn.

347

Courtaulds

26/9

Total sales-1,500 tons.

Elee. Bond & Share .........

Texes Gulf Sulphur

Distillers

55/0

CHICAGO WHEAT

Elec. Bond & Share $5 pt.

464

Timken-Axle

Dunlop Rubber

July

80/801

80/79+

801/81.

tup

Elec Bond & Share $6, p.

521

Trans-America Co.

Gen. Electric (England) 70/3

Elec. Power & Light $7 pf.

20th Cent. Fox.

$1.

Guinness (A) Son & Co.

September

December

800/800 81/82

80/791

814/81)

1 up

811/817

83/827

1 up

Fisk Rubber

10*

20th "Cent. Fox, $1 pl. ......

Hawker Siddeley Alrc...

9/7

Flintkote

Union Bag & Paper Corp.

Bristol Aeroplane.

Gen. American.. Trans.

38!

Union Carbide & Carboni

Imperial Chemical Ind.

CHICAGO COEN

231

Union Pacific

Imperial Tobacco

88/1

July

€21b

81/611

63/83

384

United Aircraft

403

Marks & Sp'cer "A" crd. 34/44

September

61/612

United Airlines Trans

Rolls Royce

65/9

December

594/591

601/601 811/61 581/584 594/591

104

United Corpn

Leyland Motors

WINNIPEG WHEAT

111

United Corp. $3 cum pf. 26

Tate Lyle.....

July

744/741

723/731

101

United Gas Corpn.

Turner & Newall

57/6.

October

773/773

73ğb 78/76

11 of

lf off

United Steel

19/3

NEW YORK HIDES

451

United Gas Improvement

101

Goodyear Tire & Co.

131

U.S., Industrual Alcohol.

143

Smethwick Drop Forg.

12/8

June

9.58 N

Great Northern Iron Ore ..

121

U.S.-Rubber

Armstrong Stevens, ord.

5/6

September

9.750/803

unquoted 9.60b/80a

9.53 N 9.69/70

..05 of .06 off

Great Northern Rly, pfd.

171

US. Rubber sa pid.

Pressed Steel, com.

11/104

December

9.95b 710,00 9.81b/10.00 9.93/93

.02 "ou

Great Western" Sugar

201

Vickers. ord.

12/61

New York Official

unquoted

34-3/4

U.8. Steel

45ન

Greyhound Corpa.

Woolworths

47/9

3.53-1/2

Vanadium

273

Anglo-Dutch

18/0

801

Vultee Aircraft.

71*

Homestake Mining

Walworth Co.

Rub, Plant, Invest. Trust

24/3

International Harvester

361

Warner Bros. Pict.

Burma Corporation

7/3

Westinghouse Mec.

821

Commonwealth Mining

Inter. Paper & Power

'104

Maraman Investments

Woodward Iron Cor.

221

Randfontein Estates

10/6 34/4+

Int. Tel. & Tel

Chase National Bank

251

National City Bank

211*

Western Holdings".

J. & Laughlin Steel $7 pid 51

Sub-Nigel ...........

Tanami Gold Mining

bld.

I-ex,`dly.

Anglo-Iranian.

DOW JONES AVERAGE

Burmah

175 3d.. 37/6 53/9.

---June 11, 1940.

155.92 113 25 30 Industrials

25.90 22 16 20 Rails

#7.70 18 10 20 Utilities

115.38 114.42 110.41111.84 3.62 off 23.79 - 23.30 2136 2279 1.00 off 18 67 18 37 17.87 18.03 .04 up

Shell Trans & Trad.

(bearer)

•-Nominal

56/3

2222 8306 40 Bonds

83.87

63 49

.38.off

05.07 45.59 11 Commodity Index $2.29

52.63 .34 of

Business Done:-970,000 sharea

Elec. Autolite

Gen. Electric

Gen. Motors

Gen. Railway Signal

Gen. Tire & Rubber

Glidden Co.

Goodrich (B.E.Y

Goodrich $5 pf.

Hercules Powder. Co.

int Nickel

Johns-Manville

Studebaker Com.

1939/40

High Low Dow Jones Averages. June. 8, High Low Close Change

ITALY VULNERABLE

TO ECONOMIC BLOCKADE

LONDON, June 11 (Reuter)--Dr.

Total sales Saturday:-uniquoted.

Saturday's sales:-7.889,000 bushels.

NY-London Cross Rate 3.75

LONDON STOCK EXCHANGE

LONDON, June 11 (Reuter)-Ou the Stock Exchange home. rails were supported throughout the ses- ston while in other sections price: after early hesitations, showed some improvement especially gilt- edged securities and kairs, Foreign stocks scarcely moved.

Wall Street was easy.

LONDON METALS

Tin;

EXCHANGE

London, June 10 (Reuter).

Standard, Cash Middle Price, E378-7/8.

Tin, Standard, 3 months" Middle Price, £277-7/8.

LONDON GOLD

London, June 10 (Reuter). Bar Gold. Fine per oz. 168:

INDO-CHINA

SİLVER MARKET STEAM NAVIGATION COMPANY LTD

LONDON SILVER

London, June 10 (Reuter).

Silver Small speculative buying Demand is mainly and selling. Hugh Dalton, Minister of Economie for forward. Business trifling. Warfare in an interview stated market quiet. In the afternoon, Italy is most vulnerable to an the market was quietly steady.. economic blockade. She was de- pendent on outside sources for almost

Important every material, oil, metals, rubber, from ore and coal

War

She cannot last long. Once her! present stocks are exhausted she economic will become

BTAVE liability to Hitler.

HIGH STANDARD

OF BREAD

LONDON June 11 (Reuter) —

Spot, 23d.

Forward, 22-1/16d.

· BOMBAY SILVER Bombay, June 19 Reuter). Market-Steady. Offtake 200 bars. Indian Mint Silver

63-00 Ready... July 2 Settlement .... 63-00 July 30 Settlement

63-01

bread of the last war, it is said,

is unlikely to re-appear.

There is no immediate shortage

Every effort is being made to1of tea, but consumers maintain the

present

are

asked

Operating Services for Cargo and Passengers

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, whore passengers and cargo sro landed.

For further particulars

· please apply to

JARDINE MATHESON&Co.,LTD.

TELEPHONE KOJIL high to economise in order to save ship-

standard of bread: The darkish ping space for more vital purposes.

GENERAL MANAGERS

The Business of the above Bank

is conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAL

& SHANGHAI BANKING COR

PORATION. Rules may be obtain-

ed on application.

For the HosGKONG & SHANGHAI BANKING CORPORATION,

Y. M. GRAYBURN,

Chief Manager. Hong Kong 28th Feb., 1930.

BANK OF EAST ASIA, LIMITED

Authorised Capital $10,000,000.00 Paid-Up Capital 5,595,600,00 Reserve and Undivided

Profita

2,983,261.50

Head Office:-HONG KONG No. 10 Des Voeux Road, Central,

Board of Directors:

.SIR SKOUEON CHOW, Chairman Li Koon Chus, Zoq, Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ting Po, Eleg. Chan Ching Shok, Esq. Fang Ping Wah Esq KAN Toxa Po, Esq., Chief Manager Li TaE FONO, Esq., Manager«

Apoy

Bensbay Calonta

Branches and Agencies:-

Bankow Kopalin

Kobe

Kanila

Ko vioon PEDANK Singapore Bourabaya Bangoan Loudon

Вагод

Bansw MaDonne San Fran. Sydney.

deso Tactila

ORTER

Wagnaka Now Fork Fr Pulping

Beaitla Bearing

Shangha

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

HEAD OFFICE:

18, PINE STEES?',

NEW YORK. An 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 BATL NEW YORK, with Besource că orel U.S.$2,000,000,000..

D. M. BIGGAR,

Second Vion 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 Ovre CHINA) Owing to our numerous Branabes 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:

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

Current Accounts opened in Local Currency and Fixed Deposita re ceived for one year or shorter periods in Local and Foreign CurCANTON renciex on terms which will be SWATOW quoted 'on application.

SHIUCHOW SATZ IZPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

THE KWANGTUNG PROVINCIAL

BANK.

(Incorporated in fbfzki

KONGMOON TOISHAN

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

SHOU J. CHEN,

Manager

THE MERCANTILE BANK” 4. OF INDIA, LIMITED

General Banking Farlilties and Pinaadini Aguola to

The Provincial Government of Kwangtong, Hard Office--Sklokwas. Kwingtang Province. Hongkong Branch-uoma's Bldg., 'Chater Bd. Cabir AddressPROVINCIAL" 2039, 044K., Telephones: 20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA" Correspondents in New York and London Paid Up Capital... N$10,000,000. Reserve Capital N$10,500,000.

AUYANG M »NLY,

Hongkong Manager.

A Job:

WANT ADS

£8,000,000

Head Office-15, Gracechurch Street,

London, EOS ·· Authorised. Capital Bubscribed flaġlini • Paid-oy Capit Reserve Fund and East.

21,900,000

1,060,000

.. 21,251,000

BANKERS:: The Bank of England and Midland

Bank, Ltd. BRANCHES:

Bangkok

Bambay

Ipak Jatina

Cadentia Kpantes

Kandy

Caltabe Delhi

Hongkong

Rowas

Karab

Kota Bhar Kazla Lipla

Hania Trengganu Kadu

New York' Pensas Bangoon

Shanghai Fimta

Kuala Lumpur "dingspors

"HONG KONG BRANCH:

Evary doweription of Banking and Exchange

Inalnom transacted,

TRUSTEE AND EXECUTORSHIP

ANUNDERTAKEN UD.

UURLENT A000UMTB opened in. Loved One. repoy and FIXED DEPOSITS resolved in Losal Currenes & TERLING on terine that may be avertained on spt lotion.".""

1940-06-12 — Page 10

Comments

Private Research Note