1940-06-18 — Page 10

:

Spot

June

PAGE 10-HONGKONG DAILY PRES

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JUNE 17, 1940,

On London:-

Telegraphic. Transfer. ¡(9 7/8 Bank Bills, en demand 1/9 7/8 Credits 4 months sight 1/3 1/4

On Shanghai:-

On demand

Telegraphic Transfer.

and demand ·.....

On New York:-

Bank Bills, on demand 22 1/9 Credits, 60 days sight 23 7/8.,

On Batavia:

On demand. 42 1/8

Of Paris:-

Bank Bills, on demand 1085. 'Credits 4 months sight 1180

On Saigon:-

On demand

Shanghai Exchange

Shanghal, June 17 Reuter).

Official T.T. Rates

Shanghai, June 15 (Reuter).

London

New York

Japan

India

Parts

Hongkong

Opening

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

Alleghany Steel Co.

Allied Stores

Allis Chalmers

QUOTATION

(REUTER'S SERVICE)

JUNE 16, 1940.

K

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE, & CO.)

Prévious

June 18-

Closing Opening Closing Change

NEW YORK COTTON: The Senate has voted $100,000,000 for the removal of Farm surpluses. July displayed continued frriness under the strength of the Spot situation. The weekly weather fore- cast is favourable.

NEW YORK RUBBER: The market is awaiting more definite developments with regard to European and Far Eastern situation.

CHICAGO' WHEAT: Local selling and scattered liquidation was steadily absorbed by improved milling demand, but the uncertainty of war news is restricting activity,

Previous close, 122.27; Today's close.

(REUTER'S SERVICE)

Prev. Today's'. -High Low Close Close Change

·10.30 ·10.21 10,15 10.23 13 up 22.00 21.75 21.90b., 21.95 .05 up 80 80 i up

TUESDAY, JUNE 18, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital... $50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charter, 1838

Reserve Funds:

Paid-Up Capital ................ ........£3,000,000 Sterlingske £8,500,000 Reserve Fund

£3,000,000

£3,000,000

H.K. Currency Reserve $10,000,000 Reserva Liability of Pre-N Reserve Liability of

Proprietors

. $90,000,000

Head Office:—HONG KONG

Board of Directors:

H. V. Wilkinson, Esq.,

ני

Ošairman. Hon. Mr. J. J. Paterson,

·Deputy Chairman. J.T. Bonafield, Eng., A. H. Compton, Esq., Hon. Mr. 9. H. Dodwell, G. Miskin, Esq.,

Hon. Mr. A. L. Shield, o

Canton Chefoo Colombo Dairen Foochon

Bankow

·Harbin. Iloilo 1pob "

prietors

***HEAD OFFICE: LONDONTE

38, Bishopsgate E... Sub-Arenolos” In London: 117/192, Leadenhall Street, E.0.2. West End Branch:"matt 14/16, Cockapur Street, S. 1. Manchester Branch: 52, Mosley Street, Manchester. 3.

AGENCIES: "AND BRANCHES!

SLARBIR PENANG HONG KONG MANGOON

ALOR STAR AMRITSAR

MANGEOT BATAVIA BOMBAY

DALCUTTA

Lorin IPOR

KARAOMI FLANGTM

AGENCIES!" XO Cute Beau

KUALA

Chief Manager FARMS Page

Rangoon Saigon San

GANTON SNE CAWNPORE CEBU S

·ZITTEPUR- KUCHING MADHAR

MANILA

COLOMBO DELEI

Francisco HAIPHONG.

HAMBURG

Singapore HANKOW

Patani Swatow (Johore) Tientsin Mukden Tokyo New York Tsingtao

Yokobama

l'eiping

Penang

· MUNAN

KEW YOLE PRIPING

(Paking)

SAIGON

VILKENBAN

SHANGHAI „BINGAPORE

BIT LAWAN

SCURABATA TAIPING AN TIEXTRIN "TONGKAN --

(Bhuket) #TRINOTKO" 2".

TOKOHAMA

FORON EXChange" and General Banking Business transacted.:"

CUREINT - ACO0usies opened and FIXED DEPOSITs received for One Year or aborter periods în Eosal or Other Carrencies at rates whick will be quoted on spplication.

SAVINGS ACCOUNTS also opened in Local Currency and Starling with CURRENT ACCOUNT opened in interest silowed at rates obtainable LOCAL CUBRINGE and Fixxo Don application.

received for one year or shorter The Bank's Head Office in London

periods in Local and other Our

rencies on terms which will be undertakes Executor and Trustee 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.

RA CAMIDGE

Manager

ALSO up to date SA DIPOSIT Bozza in various sizes To-L Hong Kong, 28th February, 1940.

Last Sale

STOCKS

“Lait Bale

June 15

June 15

227

Kermecott Copper............ Lakey Foundry & Maci

201

31*

$2

Libbey-Owens-Ford-

Gitası

33

281

Lockheed Aircraft ...........................

28}

365

Aluminium Ltd,

BOA

Loew's Inc.

243-

On Singapore:

Amer. Can...................

95**

Loft Incorperated

241

„On demand 0.

62.3/4

American.......Cyanamid. B.

334

Mack Truck Inc.

21†

On Japan:-

Amer, & Foreign Power ...

14

Martin, Clen L

311

NEW YORK, June 16, 1940:

On demand

90

AmerForeign $7 pf....

141

McKesson & Robbins, pí4. 32

On India:-

American Gas & Elec.

31

Monsanto Chemical

32

89 1/2

Amer. Locomotiva ....

137

Montgomery Ward

·38

SINGAPORE RUBBER

Amer, Metals Co. in

151

National Aviation.

10

·Buyers · Buyers

Amer. Radiator......

51

Nat. Dairy Products"

13.

·S POT

37-3/4 38 cts.

Amer. Rolling Mill

121

Nat, Distillers

18

"JULY-SEPT.

37 ctx

3T-1/4

Amer. 8'ting and. Ring Co.

381

National Gypsum .....

મ

OCT-DEC.

34-3/4

35 cta.

38-3/8 Up 5/8 37-1/2 Up 1/3 35-3/8 Up 6/8

K. S. Morrison, Esq.,

Amer, Sugar Refining

15

National Lead ............

174

The market was steady,

T. E. Pearce, Esq., C. C. Roberts, Esq.,

Amer. Tel, & Tel

1571

Nat, Power & Light

61..

LONDON RUBBER

Previous close

Amer. Tobacco "B"

National Steel Corp. .....

601

buyers

Today's close

buyers

Change

Sir Vandeleur M. Grayburn,

Amer. Waterworks

71

National Supply Corp.......

61

SPOT

13-13/18

Anaconda Copper

221

New York Central

11

JULY

13-3/4

On demand

108 34

Atchison, T. & 8, Fa

151

Niagara., Hudson Power

37

AUGUST

13-3/4

CLOSED

Aviation Corp.

51

N. American Aviation

171

On Manila:

Bacock & Wilcox

241"

North American Co. «......

181

OCT.-DEC.

12-7/18

Amoy

Branches: Johore

On demand

45.

JAN-MARCH

11-7/8

Bangkok Kobe

Baldwin Lecometive

161

Northern Partic pd..........*

51

On Bangkok:-

Baltimore & Ohlo

31

Owens-Blinois Glass Co.

47

Batavia Bombay

Kowloon

Kuala

149 1/2

Barber Asphalt Co.

DI

Pacific Gas & Elec

271

Calcutta

Lampu

Shangbai.

On Sterling Notes:-

London

Barnsdall ou

Pacific Lighting

38

Bank Buying Rate

1/4

4.

Bar Silver per o2

Bell Aircraft Corp.

17

Packard Motors

31

Lyons

Sourabaya

Malacca

23 7/16

Bendix Aviation

Sungai

201

Pan-Américan Airways...

133

Manila

Bethlehem Steel"

.791

Paramount Pictures

41

Muar

Bliss Co.

·181

Pennsylvania RIR.

18

Haiphong

Boeing Airplane Co.

15

| Phelps-Dodge ."

291

Borg-Warner

161

Philadelphia Read, Coal

*

Bridgeport Brass Corp.

101

Phillips Petroleum

331

Briggs Mfg.

173..

Pittsburg Coke & Iron

NEW YORK STOCKS:

Brooklyn-M'hattan Trans.

13

Public Service of NJ,

33

123.36; Change, up 1.09.

0/3-3/4

Brooklyn-Manhattan 30....

104*

Pullman Inc. ..............................

211.

6-3/4

Budd M'facturing Corp.

38

Pure Oll ....

74

23-3/8

Canadian Pacific R'way

3

Radio Corpn. of Am,

44

20-3/4

Case. J.L

50

Reading Company, Com

114*

NEW YORK COMMODITY · MARKET

2.75 25

Celanese

25

Remington Arms Co., Inc.

Chesapeake & Ohlo...... Chrysler Corpn.

35)

Republic Aviation Corp. ...

47* 5

64...

Republic Steel

177

Cmax-Molybdenum Co.

311

Revere Cop, & Brass Inc.

91

Colts Patent Fire-Arms ... Columbia Gas & Elec...... Columbia 6% "A" pt. Commercial Credit Co.

79

-Reynold Tobat. "E

35%

New York Cotton, July

5.

Richaeld Ou

**

New York Rubber, July

75*

Safeway Stores

401

Chicago Wheat, Sept.

801 791

201

Schenley Distillers

B$*

Chicago Corn, Sept.

81+ -592

་་

Com, & Southern (Ord.)

1

Sears Roebuck

697

New York Hides, Sept.

10.55

254

Shell Union Ou

4

NEW YORK COTTON

Close

Opening

Cicsing

64

Socony-Vacunum Oil

81

384

Southern Pacific

72

July..

10.15715

10.31/22

10.28/28

177

Southern Rly $5 pfd. .......

17

191

Sperry

41

{

48

Spicer Manufacturing Co.

26)

81

Standard Brands:

51

July New contract)... 10.40 October

> December (9.16/17 January W }

unquoted

10.51 n

9.29/20

9.35/35: "9.20/20

9.40440

9.31/31

9.06 N

9.11b/153

9.23

251

Stand Gas & Elec.

1

March

154

Standard On of Californila

181

May

{... >

( )....

8.93 N

8.99/99

9.08/08

16 up

14

Standard Off of NJ. ...

359

Spot

8.78/78 11.01

8.84/84

8.93/93

.15 up

·"11.11.

10 op

77

Stone & Webster ......

ན

1001

Studebaker Com

7

82

Swift International

174

NEW YORK RUBBER

201

Technicolor

10

Elec. Autolite

321

Texas Corpn.

3B

July...

Elec. Bond & Share

.44

Texes Gulf Sulphur

304

September

Elec. Bond & Share $5 pf.

497*

December

Timken-Axle

237

Elec Bond & Share $8 pf.

58**

Trans-America Co.

4.

January

Elec. Power & Light $7 pt. Fisk Rabber

241

20th Cent: Fax

44"

March

101*

20th Cent. Fox, $1! pf.......

14}"

May

12

Union Bag & Paper Corp.

114

market in London. All quotations Gen, American Trana are subject to confirmation and no Gen. Electric responsibility is assumed for errors Gen. Motors in transmission.

441

Union Carbide & Carbon

881

CHICAGO WHEAT

312

Union Pacific

75

444

United Aircraft

42

July

Gen. Rallway Signal

11

Malte Airlines Trans ......

15

"September

Chen. Tire & Rubber

112*

United Corpn. "

15

December

791/791 80/801 81/81

80/80

80/791

up

809/801 811/811

801/801

Ир

811/811

War Loan, 31% (Red

after 1952) Canton-Kloon Rly. 5% Chinese 41% Gold Loan

1898 (Brit. Issue)........ 43 Chinese 5% Oold Bonds.

1925-47

Glidden. Co.

121

United Corpn. $3 cum pf.

30.

Friday's sales:-unreceived

98% @

Goodrich (B.F.)

United Gas Corpm. naše

1

Goodrich $5 på..... Goodyear Tire & Co. Great Northern Iron Ore

50*

United Gaa. Improvemerit

11

CHICAGO CORN

14#

UB., Industrual Alcohol.

18*

14

U.B. Rubber

171

July

614/613

62/62 811/011

Off

Great Northern Rly, itd.

202

US. Rubber $8 pfd.

754*.

·43

Great Western Sugar ..............

214*

US. Steel

541

September inter December

607/601

801/611

601/001

ott

574/571

571/677

5718

off

Chin. 44% Anglo-French

Greyhound Corpm,

11+

Vanadium

33

WINNIPEG" WHEAT

Loan, 1908

44

Hercules Powder Co,

851

Vultee Aircraft

B+*

Chinese 5% Crisp Loan.

Homestake Mining

452

Walworth Co.

31

July

72jb

721/72)

1912......

17

International Harvester

191

Warner Bros. Pict.

21

October

75/75)

Chinese 5% Reorg. Loan,

1913 (Ldn. I.)

Int Nickel

24

Westinghouse Elec,

931

NEW YORK HIDES

24

Inter, Paper & Power an

134

Chinese 8% Ster. Notes,

1925 (Vickers)

Int, Tel, & Tel

Johns-Manville.

21* 52

Woodward Iron Cor. Chase National Bank National City Bank.

251

September

December

10.25/23 10.50/50

10.50/55 10.35/38 10.75/71

New York Omcial

35

NY-London Cross Rate 3.70-1/2/

•1-ex div.

Spot"

June

July

July

Sterling Opening Closing

Sellers

0/3-57/54 0/3-15/16 0/3-57/64 0/3-15/18 0/3-51/64 0/3-27/32 U.S. Dollars

$5-15/16 $6

5-15/165-31/32

5-25/32 5-27732

Market: Qulet,

Silver Duty Rate :

The Central Bank of China's

rate on London at 10 a.m. today

WR8:1/2-1/2d.

Consolidated Edison Consolidated Oll ... Continental Can.... Continental of Copperweld Steel

Corn Products

Curtiss Wright (0)

Curtiss Wright "A"

Deere & Co.

The Equalisation rate was 24 Distillers Corpn. Seagrams

per cent.

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

Douglas Aircraft

Du Pont de Nemours

Eagle Picher Lead

|Baton Mfg. Co.

London, June 14. The following quotations are the middle prices at the close of the Fitkote

*

Chin. Imperial Rly. 5%

Loan .... Honen Ely 5% Hukuang Rly, 5%, 1911..

(LP. N/Y Issue) Hukuang. Rly. 5%, 1911

(German-Issue)

Lung Tsing & U.. Hari

Bly, 5% 1013

44

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

(Brit. Stpd.) Tientsin-Pakow Rly. 5% (German Btpd.) · ------- Tientsin-Pukow Rly. 6% (Brit. Stpd. Supl Loan) Tientsin-Pakow Rly. 5% (Ger, atpd. Supl, Loan) Jap. 5% Bter, Loan, 1907 33 Jap 8% Ster. Loan, 1924 37 Cler, 7% Intl Loan, 1924 Chartered Bank HK8hal Bank (Ldn

J. & Laughlin Steel 37 pfd.. 613...

1039/40

-Mobi

DOW JONES AVERAGE

June 18, 1940.

High Low Dow Jones Averages June. 14, High Low Close Change

1599 11.8430 Industrials.

35,90 29 15 20 Rails

27.70.18 03.20 Utilities

32 22 83 0640 Bonds

Total sales Friday:-29,700 bales,

802

601

off 10.33 10.25 10.35 10 up

Change

13 up

11 up

11 up

15 up

קט 18

21.90b/22.058 21.75/75 20.00/04 19.98/98 19.00/05 18.98/98

21.95/95

19.90/97

05 up .04 off 18.90b/19.00a 10 p

unquoted

-18.81

18.53 : 18.46 n

10 of 12 off .13 off

18.91 N

18.85 N

18.58 N

Total sales:340 tons.

1058b/60a unquoted $3.69-1/2

unch. unch

·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.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1830..

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN

INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000,0o)|~

(BRANCHES ALL QUER CHINA)

THE CHASE. BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE!

18, PINE STREET,

NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets-of the world.

Interest Rates on Application.

BAFE DEPOSIT BOXES

This Bank is entirely owned by

THI CHA NATIONAL BAYE New York, with Besourons-of onl -1.8. §3,900,000,000,

BIGGAR

"Lacond· Vice". Pria.

BANK OF EAST ASIA,

LIMITED

Pronta

Owing to our numerous Branches Authorised Capital....$10,000,000.00/ in China and connections in the Paid-Up Capital 5,508,800.00 principal Commercial Centres of Reserve and Undivided. 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:

4. QUEEN'S ROAD, O. South China Offices:

CANTON SWATOW SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonds and · other... Public Funda ölmüke Chinese Government both at Home and Abroad.

SHOU J., CHEN,

***

2,983,361.50

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

Board of Directors: SIR SHOUBO

Onów, Chairman Li Koon Chan. Req. Li Lan Seng, Eag P. K. Kwok. Zeq, Wong Chm Son, Esq. Wong Inn Tong, Esq. Kan Ting Po, ing dh Chan Ching Back, Lég.. Fang Fing Wah Laq KAN TONG Po, Esq., Chief Manager LI Tax Foxo, Esq., Manager

Ampy

Branches and Agenciesis-

Battvis- Bombay Oslonita

Manager pboeg

⠀⠀⠀INDO-CHINA

123.87 124.38 12233: 123.38 109 up

$94.87

19.74 85,22

55,67 45 59 11 Commodity Inder 63,33.

· 55.19; 24.90, 248710 up.

20.321998 20.1844 up

Business Done-660,000 shares

Fobs

Karrloom

Pasangan Bagipors Loodus Rangoon Manila, 29 Balgon Melbourne · Ben Fran

New York Beattle

Palying by Shanghai

Every description of Banking and Exchange businem traumated. Losat granted on approved securities. Yo

Current Accounts opened in Local

STEAM NAVIGATION COMPANY LTD Currency and Fixed Deposits

Operating Services for Carge and Passangers

SWATOW, SHANGHAL, TRINGTAU, CHEFOO

azið: TIENTSIN”

KOBE and OBAKA

SINGAPORE PENANG and CALCUTTA “

SANDAKAN

HAIPHONG

All steamers berth alonguide. the Roosevelt Terminal the French Concession Shanghai where passengeri and cargo are landed.

-TO-

Asso, & Elec. Industries 35/3 Austin 'Motors, ́ord.......... 11/10) Cable & Wireless, New,

Turner & Newall

D

Form, ord.

35

B.-A." Tob, (bearer)

$2/6

Mercantile Bank ....

121

5t

Cammell Laird, ord.

-5

65 United Steel ........................................

*17/6 Smethwick Drop Forg... 12/6 Armstrong Stevens, ord. 5/8") Pressed Steel, com... 11/3 Vickers, ord. ... 12/3 Woolworths

47/9.

7+

Mexican Eagle

3/11

"Angio-Dutch Fant

18

Courtaulds

..

26 2

Reg.)******

Distillers

54/8

HK & Bhat Bank (Col

Dunlop Rubber..............

T/T

Iteg}

Gen. Electric (England)

66/3.

Chinese Eng. & Mining

(bearer)

17/6

Guinness (A) Bon & Co. 80/6 Hawker Siddeley Airc...

Chosen Corporation

8/8

Bristol Aeroplane ho

9/11 10

Western Holdings .............. 7/6 Sub-Nigel

170"

For further partionlars

please apply to

Pekin Syndicate

2

Imperial Chemical Ind.

25/9-

Tanami Gold “Mining:

3d

Shat Elec, Constr. Cos.......15:

Imperial Tobacco

87/6

Anglo-Irsalan,

38/1

Union Insurance

Bhai Waterworks “A” ....... 14

Gula Kalumpong Rubber: 15/71" Atlled Ironfounders

Tate Lyle.

Marks & Sp'cer “A”

33/41

Burmanc

52/6

Rolls Royce

80

Shell Trans

Leyland Motors)

45

(bentory

52/6

RDINE!

TELEPHO

10

8/2

Nominal

Rub, Plant, Invest. Traat 23/8 Burma. Corporation..... 1/3 Commonwealth Mining Maraman Investments .... 10 Randfontein Estates *33/9

AG

ceived for one year

shorter periods in Local and Sign Our

rencies on terms bich

quoted on appl

SAFE EXPOSIT: Boxi

SKAN

THE KWANGTUNG

Cincorporated Geninal) Baakler Tanksies and STEE Prorisolal GovernIDEO)

Keið 0%:s"Khialist: Kwa „Hongking Branch-Quess:E

Dabis Adicom S

201128

PO

Agenta