335
T
52 5/8
SINGAPORE RUBBER
On demand
103 3/4
On India:
Telegraphic Transfer.1
82 1/4
SPOT
and demand ...................................)
APRIL-JUNE
On New York:
JULY-SEPT.
Bank Bills, on demand 24 1/2
Credits, 80 days' sight 25-1/8
On Batavia:-
After ruling steady the market became dull, LONDON RUBBER
Previous close Today's close
On demand ... 40 B/8
Buyers.
Buyers
On Paris:n
SPOT
12-13/16
12-7/8
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 14, 1940
On London:
Telegraphic Transfer, 1/2 87/32 Bank Bills, on demand 1/3 27/39) Credits 4 months' sight 1/3 6/32 On Shanghai-------
On demand
On Singapore:--
On demand
On Japan:-
18 8 8 8 8 8 8
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
......
(FROM PAYNE & CO.)
NEW YORK, FEBRUARY 13, 1940. Previous February 13 Closing Opening Closing Change Buyers Buyers
38-5/B 38-3/838-3/4 up 1/8 36-5/8 38-5/8 36-3/4 up 1/8 35-1/4 35-1/4 35-1/2
up 1/4
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express Alleghany Steel Co. Allied Stores ....
Allis Chalmers
Aluminium Ltd,
Amer. Cana
American Cyanamid · B.
QUOTATION
(REUTER'S SERVICE)
Amer. & Foreign Power ... Amer & Foreign $7 pf. American Gas & Elec. Amer, Locomotive Amer. Metals Co.
Last Sale
Lakey Foundry & Mac....
FEB. 14, 1940 STOCKS
Last Sale
Sterling
Feb. 13
Eeb. 13
8
Kennecott Copper
38
Reserve Liability of
22
Proprietors
0,000,000!
4*
THURSDAY, FEBRUARY. 15, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
"BANKING CORPORATION
Authorised Capital................. $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1883 Reserve Funda:
Paid-Up Capital £8,500,000 Reserve Fund
£3,000,000 ....£3,000,000
£3,000,000
HEAD OFFICE: "LONDON: -
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
"prietors...
81
| Libbey-Owens-Ford
Glass
491
Head Office:-HONG KONG
371
Lockheed Aircraft
31
98+
Loew's Inc.
36
1141
Mack Truck Inc.
24
Board of Directors: Hon. Mr. A. L. Shields,
344
Martin, Glen L
10+
13
McKesson & Robbins, pid. 183*
H. V. Wilkinson, Esq.,
25
Monsanto Chemical
110
36
Montgomery Ward
544
19)
National Aviation ...
137
Chairman.
Deputy Chairman. J. K. Bounfield, Esq., A. H. Compton, Esq.,
24
Nat. Dalry Products
161
Hon. Mr. &. H. Dodwell,
Amer. Radiator
93
Nat Distillers
241
D. F. Landale, Esq.,
Amer. Rolling MI
154
National Gypsum
11
G. Miskin, Esq.,
38, Bishopsgate E.0.2. Sub-Agencies In London: 117/198, Leadenhall Street, B.Qa West End Branch;" 14/16, Cockspur Street, S.W.1. Manchester Branch; 59, Mosley Street, Manchester, 2.
AGENCIES AND" BRANCHES:
ALOR ATAR AMBITSAR
BANGKOK
BARBIN SONG TONG ILOILO
PENAKO BANJOON
BAIGON
V
Amer. S'ting and R'ing Co.
191
National Lead
201
E. S. Morrison, Esq.,
BATAVIA • IPOH
BEREMBAN
Amer, Sugar Redning
201
Nat Power & Light
8
Hon. Mr. T. E. Pearce,
Change 1/18 up
Amer. Tel. & Tel
1714
National Steel Corp.
69
C. C. Roberts, Esq.,
Amer, Tobacco "B"
902
National Supply Corp.
91
Amer. Waterworks
10
New York Central
16
Sir, Vandeleur M. Grayburn,
Chief Manager.
Bank Bills, on demand 1088
Credits 4 months' sight 1140
On Saigon:-
On demand
APRIL
12-1/2 ..
MAY
JULY-SEPT,
148 1/2
OCT-DEC
On Manila:-
On demand
.... 49
On Bangkok:-
On Sterling Notes:--
가
Bank Buying Rate
Bar Silver per oz.
1/3 3/4 21 3/16
Market Report
11-15/16
12-7/18 11-15/16
up 1/18
BOMBAY
CALOUTTA
AGENCIKA: KOST CLAT KUALA FIRIN PLACE CANTON
KARACHI ZLANG
УНАХОНАЕ
SINGAPOR
SITIAWAN
SOURABAYA
unch.
Anaconda Copper
274
Niagara Hudson Power
51
Branches:
Atchison, T. & Fe.
23
N. American Aviation
241.
11-1/4 11
11-1/4
unch.
Auburn Motors
17..
North American Co.
21.
Amoy Ipoh.
11
unch.
but
cross-
Market
11.03/03
10.74/74..
10.39/41
10.55 N
}
9.74/74
*9.84/04
(.. }
9.59 N
11.17 N
J
Shanghal Market
March
May July September December
18.45/45
18.22b/26a
18.00 B
at
Total sales:-890 tons,
May July September
091/991
963/963
961/981
On demand. 149 7/8
FROM ROZA BROS.
Market
The price for Ready Silver unchanged yesterday. Forward rate dropped 1/16,
The market was quiet but steady. NEW YORK COTTON: Speculative demand was limited. There
of the absence news from appeared to be disappointment over Washington and the continued peace-talks. Sentiment was rather mixed. We expect increasing March Equidation upward from 11 cents but believe May contracts later will eventually be above 11.25 and July contracts above 10.75.
||
NEW YORK RUBBER: There have been fair offerings and a moderate factory interest for near shipment but forwards have been quiet.
CHICAGO WHEAT: There is growing realization that the pre- was valling cold wave in Europe may result in a serious crop damage which would off-set the lack of exports here. Unfavourable factors
the the
Bis & Co.
Celanese..
quotations being 21.3/18 and 21 today were moderate liquidation and the absence of outside interest Chesapeake & Ohio
1/16 respectively. Silver advices being reported the market as quiet with a small business done: American Silver was quoted at 34.3/4 for Spot.
York The London/New rate was quoted a 402.1/2. New 369. York London was quoted at 5/8.
Duli..
Sterling There were sellers at 1/2.7/8 February/May, buyers at 1/2.29 32 February, probably Cash.
U.S. Dollars There were sellers at 249/16 February and 24.1/2 March, buyers at 24.11/10 Cash and 24.5/8 Feb- Shanghal Dollar Business done at various rates. Ar the close there were sellers at 341.1/2, buyers at 342.1/2.
ruary.
Opened with sellers
NEW YORK STOCKS: Previous close, 148.84; Today's close, 148.78: Change, off .08.
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York Hides, Mar. "NEW YORK COTTON
March May July July (New contract) October
·December ( January Spot
Close
Prev. Today's High Low Close Close Change 11.03 10.85 11.03
10.90 13 off 19.12 18.97 19.17b 19.10 07 of
1001 987 991 981
off
561 551
58 551 i off 14.19 13.99 14.14 13.896.25 off Change
Total sales Saturday: 41,200 bales. First Notice Day for March Cotton-27/2-Last Notice Day-15/3 at 4.5/18 NEW YORK RUBBER
close for Spot and towards the sellers were quoted at 4.21/64 for Spot, US. Dollars, 7.1/8 at the opening were quoted and towards
quoted the close sellers were 7.5/52 for Spot.
Shanghai Exchange
Shanghai, Feb. 14 (Reuter);
"Official T.T. Rates
Chrysler Corpn. Climax-Molybdenum Co.
Copperweld Steel Corn Products Curtiss Wright (C.)
Baltimore & Ohio
51
Northern Pacific
8.
Bangkok Johore Rangoon
Barber Asphalt Co.
15A
Owens-Blinois Glass Co.
631
Batavia
Kobe
Penang
Saigon.
Barnsdall Ol
112
Pacific Gas & Mec
334
Bombay Kowloon
Saa
Calcutta Kuala
Francisco
Bendix Aviation
31
Pacific. Lighting
471
Canton Lumpur
Shanghai
Bethlehem Steel
763
Packard Motors
31
Chefoo
London
Singapore
131
Paramount Pictures
7$
Colombo
Lyons
Sourabaya
Boeing Airplane Co.
23
Pennsylvania. RR
22
Dairen
Malacca
Sungei
Borg-Warner
231
Phelps-Dodge
372
Foochow
Manila
Bridgeport Brass Corp. Briggs Mfg.......
11
Phillips Petroleum
401
Haiphong Muar
201
Pittsburg Coke & Iron
7*
Hamburg
Brooklyn-M'hattan Trans.
173
Public Service of NJ.
411
Bankow Mukden Tokyo
Brooklyn-Manhattan $8....
63
Pullman Inc...
271
Canadian Pactic R'way ... Case, J.I.
5
Pure Ou
Harbin New York Tsingtao. Iloilo Peiping Yokohama
69*
Radio Corpn. of Am.
52
CURRENT
281
Reading Company, Com,16
405
Reading Company, ist pfd
26*
86
Remington Arms Co., Inc.
42*
38
Republic Aviation Corp. ..*
61
rencias on
Colts Patent Fire-Arms ... Columbia Gas & Elec.
78
Republic Steel
201
61
Revere Cop. & Brass Inc. „. .
121
Columbia 8% "A" pf.
88
Reynald Tobac. "B"
407
Commercial Credit Co.....
471
Richfeld Ou
7%
Com, & Southern (Ord.) Consolidated Edison Consolidated O Continental, Can Continental Of
1
Safeway Stores
497
32
Schenley Distillers
124
73
Sears Roebuck
85
454
Shell Union of
·112
243
Socony-Vacudura Ofi
112
16
Southern Pacific
13
$41
Southern Rly $5 pfd.
292
10
Sperry
450
Opening
TE
Closing
Curtiss Wright "A"
291
Spicer Manufacturing Co. 314*
11.00/00
10.90/91
.13 off
Deere & Co,.
207
Standard Brands
51
10.72/72*
10.61/62
.13 off
Distillers Corph. Seagrams
194
Star Gai & Elec.
2
10.35/35
10.24/25
15 07
Douglas Aircraft
827
Standard Oll of California.· 241
10.49/49
10.39 N
.16 off
Du Pont de Nemours..... 1837
Standard Ol of N.J.
441
..69/69
9.60/60
.14 off Eagle Picher Lead
ge
107
Stone & Webster
101
9.59/60
9.47 N
9.56/56
9.43 N 11.01 N
17 off. Eaton Mfg. Co. ...........................m .16 of Elec, Autolite
312
Studebaker Com,
11
362
Swift International
311
..16 off
Elec. Bond & Share
70
Technicolor
157
BANK OF EAST ASIA,
Elec, Bond & Share $5 pt.
55*
Texas Corpn.
447
LIMITED
Elec. Bond & Bhare $6 pt.
874
Texes Gulf Sulphur
351
Elec. Power & Light, $7 pt.
301
Timken-Axle
*22
Authorized Capital......$10,000,000.00
18.31/31
19.17b/25a 18.95b/19.05a 19.10/10 07. off 18.72/72 18.60/60. 18.64/64 .08 off 18.32/32 .13 of 18.05b/10a .17 off mutilated
Fisk Rubber
147
Trans-America Do.
5%
Paid-Up Capital
5,598,000,00
Patani Swatow
(Johore) Tientsin
HAMBURG HANKOW
MEDAN
NEW YORK PIPING
(Peking)
FOREIGN EXCHANOR and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPORтa received for One Year or shorter periods in Local or Other Currencies at rates. which will be quoted on application.
4
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with ACCOUNTS opened in interest allowed at rates obtainabla LOCAL CURRINGY and FIXED DEPOSITS on application. received for one year or shorter "The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee terms which “will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
ALSO up to date Sara DEPOSIT terms which may be ascertained at Boxes in various sizes To Lar any of the Agencies and Branches.. Hong Kong, 11th January, 1940
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- ad on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1989.
THE CHASE BANK
16, QUEEN'S ROAD, CENTRAL·
HEAD OFFICE:
18, PINA STREET,
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 TEL CHASE NATIONAL - BARE, Naw You, with Resouroms of over U.S.$2,000,000,000.
D. M. BIGGAR,
Sicond· Pipe Pric
DAWNFORE S CHAT COLOMBO DELHI
LUMPUR. KUCHING
TAIPING
TIENTSIN
MADRAK
MANILA
TONGKAR
(Bhukot)
SBINGTAO
KAIPHONG
YOKOHAMA
Flatrate
197
20th "Cent. Fox
11
Beserve and Undivided
Gen. American Trans.
643
20th Cent. Fox. $it pf. ....
24
Profits......
2,683,932.01
Gen. Electric Gefi. Motors
391
Union Carbide & Carbon
844
1
Gen. Railway Signal.
First Notice Day for March Rubber-29/2-Last Trading Day-27/3 Gen. Tire CHICAGO WHEAT
Rubber
די
992/100
981/984
off
Glidden Co: Goodrich (B.F.)
"973/971
961/961
off Goodrich $5 pf.
96/961
aff
Goodyear Tire & Co.
London
New York
0/4-1/4 7
Saturday's sales:-12,083,000 bushels.
Great Northern Iron Ore
CHICAGO CORN "
Great Northern Rly, pld,
Japan
India
Paris
29-5/8 23-3/8 3.10
May
56/58
56/554
58/551
off Great Western Sugar .....
July
September
561/581 581/561
561/56+
off Greyhound Corpri
5643
unch.
Hercules Powder Co
Homestake Mining
Hongkong
28-1/4
WINNIPEG WHEAT
.
Sellers
May
85+ B
804/802
Spot
Feb.
Opening Closing 0/4-5/15 0/4-5/16 0/4-19/84 0/4-5/16
July
881/841
851/851 881/87
up
International Harvester
Int Nicke
October
874/874
88 A'
Mar.
0/4-15/84 0/4-1/4 U.S. Dollars
NEW YORK HIDES March
up Int. Tel, & Tel Johns-Manville
14.14/14
June
14.12/12 14.41b/46a 14.42738
13.80b/8Za 1418/19
25 off J. & Laughlin Steel $7 pfa. .23 off
Spot
Feb.
7-1/8
7
unquoted
NY-London Cross Rate 3,97-5/8
fosa
High
Mar.
$7-1/8 $7-1/8
7-3/32
·6-31/32
Market:-Qulet.
Merchant Rates
Sterling, 0/4-5/16.
US. Dollars, $7-1/8.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, today was 1/2-1/2d.
The Equalisation rate was 11-3/4 per cent...
India Rupee Paper
Bombay, Feb. 13 (Reuter). . Government 31% Ruper, 91-0-0
Calcutta Exchange ·
Calcutta, Feb. 13 (Reuter).
TT, on Japan, 79-1/2
New York Exchange
New York, Feb. 13 (Reuter).
First notice day for March hides:-26/2/40 last trading day-
25/3/40. New York Official
STOCK EXCHANGE QUIETER
LONDON, Feb. 14 (Reuter)-The Stock Exchange was quieter Home
34-3/4 3/96-5/8
PLANS TO SPEED UP ARMAMENT PRODUCTION LONDON, Feb. 14 (Reuter) – Rails encountering profit-taking Proposals for an intensified effort while industrials were irregular in the engineering industry to Gut-edged occasionally improved, speed up the production of arma- but Kafirs were weak on small ments were handed last night to Cape sales.
Wall Street higher.
representatives of thirty-four
DOW JONES AVERAGE
Low Dow Jones Averages Feb. 10, High Low Close Change 185.82 121,41 30 · Industrials
35.90 24.14 20′′ Rails
NET
27.70 20.70.20 Utilimen
72.97 84.51 40 Bonds
89.65
63 67 45.59.11 Commodity Index 52.31
.06 off 31.42, 31:10 "21.13 14. of 25.09 24.93 24.99 .94 up 89.4708 off 54.66
.65 off
·Business Donė :-580,000 shares
Li Koon Chan, Bay. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Yun Tong, Esq. Kan Ying Po, Bag, Chan Ching Bhok, Esq. Fung Ping Wah Eng Kan Tong Po, Esq., Chief Manager. Li Tu Fong, Esq., Manager.
Batavia
Branchis and Agencies :-
· London
Pelpling
Singapore Bourabaya. Swałow Fran- Sydney Kubison... Tinil
Веловска
Shanghai
Уаморатег
BANK OF CHINA
Specially Chartered· by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK FAID-UP CAPITAL $40,000,000.00 (BRAMORES ALL Over China) Owing to car numerous Branches in China and connections in the principal Commercial Centre of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Offer:—SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. "South China Offices:
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- SWATOW
CANTON
ceived for one year or shorter BHLUCHOW
KONGMOON." TOISHAN.
KINGCHOW
periods in Local and Foreign Cur We also handle the issue of Bonds" rencies on terms which will be and other Public Funds of the quoted on application.
Chinese Government both st Homs BAN DEPOL. Born To Lif
and Abroad. KAN TONG PO,
BHOU J. CHEN, Chief Manager.
INDO-CHINA
was irregularly unions in the Confederation of TEAM NAVIGATION COMPANY LTD
SILVER MARKET
LONDON SILVER
Shipbuilding and Engineering
Unions by Mr. Ernest Brown, but want Minister of Labour.
Operating Services for Cargo and Passengers
The conference between tike ·TO Minister and representatives of London, Feb, 13 (Reuter). BilverVery small general bust-the union lasted two-and-a-half ness, Market quiet. In the after-hours and when the proposals noon, the market was dull, with have been considered a further
TT, on London (Opening Rate). small buyers at 1/16 under the conference will be held. 3.97-1/2.
LONDON METALS
EXCHANGE
London, Feb, 13 (Reuter),
"" buyers
TIN
&
**sellers
Standard Cash 242-1/4 242-1/2 Standard
3 months 2435-242-1/4: Standard,
Bet'ment Price 242-1/4
Straits
287-1/2
rate but buyers were reserved,
Spot, 21-3/18d,
Forward, 21-1/160
NEW YORK SILVER New York, Feb. 13 (Reuter). Silver. Official, 34-3/4...
ALLIED TRADE `PACT
WITH BELGIUM. BRUSSELS, Feb. 14 (Reuter- Negotiations which have been pro- ceeding for several weeks in Lon- don and Paris for a new trade agreement between Belgium; Bri- Market. Qulet but steady. Off-tain and France have now been
successfully concluded.
'BOMBAY SILVER
Bombay, Feb. 13 (Reuter).
take 100 bars.
Indian Mint Bilver
Ready
56-02
53-12
Mar 4 Bettlement
Apr. 3 Settlement
54-01
LONDON GOLD
London. Feb 13 (Reuter). Bar Gold Mine per oz 188.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA SINGAPORE, PENANG and CALA SANDAKAN
HAIPHONG
All steamers berth alongside the Ecosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed:"
For further parti
please apply
E MATHESON: C. L
DIGTERAL MANAGERS
BANK
Manager.
| THE KWANGTUNG PROVINCIAL
(Incorporated in thing! Gederal Banking Vacilities, and Financial Agents to The Provincial Government of Kwangtung Head Office-Slickwas, Kwangtang Province Hongkong Branch-Queen's Bldg., 5 Chater Ed. Clahla Addresses*PROVINCIAÚ”. 2009, 9448;" Telephonei:
20112, 20113, 20143, "20181, 31881. BRANCHES THROUGHOUT SOUTH CHINA Correspondente de New Tork/" yd London. Paid Up Capital ...........
Reserve Capita]
$10,000,000. W$10,500,000.
AUYANG "MANLY M
Hongkong Manager,
A Job?
WANT ADS
544
Union Pacifc
944
16h
United Aircraft
474
Head Office:-HONG KONG No. 10. Des Voeux Road, Central.
211
United Airlines Transe
15
18
United Corpn.
2/1
Board of Directora:
181
United Copp. $3 cum pf.
42
Sir Shouson Chow, Chairmana
64*
United Gas Corpn................
11
221
United Gas Improvement
148′′
141
US., Industrual Alcohol....
2
231
U.S. Rubber
37
28
US, Rubber $8 pid,
1117
168
US Stee!
"
527
89**
Vanadium
321
57
Walworth Co.
514
Korloca
PVIMAX Rangoon
551
Warner Bros. Pict.
31
Bomber Marlin
367
Westinghouse Elec.. 113
Haiphong
Kabouras Nagumka
4
Woodward Iron Cor
73
Chase National Bank
25 33*
Baakow
New Fork
Seattle
Hezalaiz
Parla
Cote
59*
National City Bank
201*
*_-bid.
t-ex div.
Feb. 14, 1940.
.148.84 -- 149.84 148.28 148.78
31.27 24.95
1