STOCKS
}
Adams Express
Alleghany Steel Co......
Allied Stores
Allis Chalmers
Aluminium Ltd,
Amer. Can
American Cyanamid B....
Amer. & Foreign Power Amer & Foreign $7 pt.
JULY-SEPT.
38-3/4 38-3/8 38-1/4 of 1/2 38-1/2 36-1/8 36-1/4 off 1/4
**31-5/8 35
34-3/4 of 1/4
American Gas & Elec. Amer, Locomotive Amer. Metals Co.
Amer. Radiátor
Amer, Rolling MIL
....... 43 1/4
'The market was steady but quiet. LONDON RUBBER
Amer. S'ting and R’ing Oo.
Previous close Today's close
Amer, Sugar Redning
Buyers.
ነቱ
On Paris:
SPOT
13-13/10
APRIL
12-3/8
Buyers 13 12-1/2
Charge
Amer. Tel, & Tel ..............
up 3/18
Amer. Tobacco “B”.
On Saigon:-
On demand
On Manila:-
MAY
108 1/4
JULY-SEPT..
OCT.-DEC.
11-15/18 11-1/4 11.
12-1/16
11-1/4 11-1/18
up 1/8 up 178 unch.
Amer, Waterworks
Anaconda, Copper
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 16. 1940
On London:-
Telegraphic Transfer. 1/1⁄2 13/16) Bank Bills, on demand 1/9 11/18 Credits 4 months" sight 119
On Shanghal:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
On demand
343
On Singapore:-
On demand ..............
52 1/2
On Japan:-
On demand
103
SINGAPORE RUBBER
On India-
Telegraphic Transfer 1/
and demand
On New York:-
Bank Bills, on demand 24 5/18 Credits, 60 days' sight 21 18/16
On Batavia-
On demand
Bank Bills, on demand 1085 Credits 4 months' sight 1140
3 FOT APRIL-JUNE
NEW YORK, FEBRUARY 15, 1940. Previous February 15
Closing Opening Closing Change Buyers Buyers
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICK)
SATURDAY, FEBRUARY 17, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA .. Incorporated by Boyni Charter, 18ths |"Paid-Up_Capital £6,500,000 Reserve Fund.
Authorised Capital................. $80,000, 000- Issued & Fully” Paid-Up. 820,000,000 | Reserve Funds:
Sterling
H.E. Currency Reserve $10,000,000 Reserve "Liability of Pro- Reserve Liability of
prietor Proprietors
HEAD OFFICE: LONDON:
38, Bishopsgata E.C.L Sup-Agencies In London: 117, 127, Leadenhall Street, EOS West. End. Branch:
14/16, Cockspur Street, 8.W.1,,
Manchester Branch; 88, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES:
HARBIN
ALOR. STAX
AMELTBAR
PENANG
HONG KONG MANGOON
Last Bale
FEB. 18, 1940 STOCKS
Feb. 15
Last: Bale Feb. 15
8
Kennecote Copper ......... Lakey Foundry & Mac. ........... Libbey-Owens-Ford Glass
38)
£3,000,000 ***. £3,000,000
£8,000,000
...$20,000,000 |
4
50
Head Office:--HONG KONG.
377
· Lockheed Aircraft ...................... 303
97
Loew's Inc.
30+
115
Mack Truckmc.
254
347
Martin, Glen L
41*
IF
McKesson & Robbins, pfd.
Board of Directors: Hon. Mr. A. L. Shields,
H. V. Wilkinson, Esq.,
261
Monsanto Chemical
110
Chairman.
Deputy Chairman.
35
Montgomery Ward
531
J. E. Bousfield, Esq.,
154
National Aviation
121
A. H. Compton, Esq.
24
Nat, Dairy Products
27
Hon. Mr. 9. H. Dodwell,
9號
Nat, Distillars
241
D. F. Landale, Esq., (
15
National Gypsum
110
G. Miskin, Esq...
BANGKOK
504
National Lead
201
K. S. Morrison, Esq.,
BATAVIA
21
Nat, Power & Light
7
Hon. Mr. T. E. Pearce,
1714
[National Steel Corp.
69
C. C. Roberts, Esq.,
001
National Supply Corp.
91
#
New York Central
187
28
Niagara Hudson Power
54
L
up 1/16
Auburn Motors
On demand
On Bangkok:--
On demand
48 58
150 1/4
On Sterling Notes:-
Bank Buying Rate
1/3 1/16
Bar Silver per oz.
Jú 3:4
Boeing Airplane Co.
Borg-Warner
Bridgeport Brass Corp.
Briggs Mfg.
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $8....
Canadian Pacific R’way
Celanese
Chesapeake & Ohio Chrysler Corpn.
Climax-Molybdenum Co.
Colts Patent Fire-Arms Columbla Gas & Elec.
Columbia 6% "A" pt.
Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison Consolidated Ou Continental Can
Continental Oil
up
Copperweld. "Steel.
up
Corn Products,
Curtiss Wright (C)
Close
Change
Curtiss Wright "A"
11.00/00
10.98/98 10.98/98
.02 of
Deere & Co.
May July
10.73/74
10:71/71 .10.70/70
.03 oft
Distillers Corpn. Seagrams
10.33/33
10.31/31 10.31/31
.02 off
Douglas Aircraft
July (New contract) October ( "December (
January Spot
10.47/47
10.45b/478 10.47 N
unich.
Du Pont de Nemours
}
9.72/72
9.68/Ba
9.70/70
.02 off
Eagle Picher Lead
9.59/80
9.57/57
9.58 N
.01 of
9.55 N
..
11.11 N
#.53b/55a 9.54 N
11.00 N
.01 of
Eaton Mfg. Co., .............................
.02 ott
Elec. Aptolite
Elec. Bond & Share
Elec. Bond & Share $5 pr.
Elec. Bond & Share $6 pt.
to 4.1/8. The market] NEW YORK RUBBER
Elec. Power & Light $7 pf.
19.02/02
Spot at 45/32. US. Dollars open- May
18:54/54
18.43/43, 18.17/20 18.30/30 18.07/07 £7.95/98 18.10/10 17.82b 18.00/00
19.10b/162 18,90/90 18:60/70
.12 off
Fisk Rubber
11 of
Flintkote
B
.10 of .13 aft 17.80/80... .04 off
Gen. American Trans. ......
Gen. Electric .........
Gen. Motors.
Total sales:-870 tons.
Gen. Railway Signal
AFTERNOON. MARKET
Gen. Tire & Rubber
Glidden Co.
May July September
99/99
97/911
981/98)
991/997 992/991 97/967.
.973/071 971/971
up
Goodrich (BE)
→ up
Goodrich $5 pf, ma
up
Goodyear Tire & CO.........
Wednesday's sales:-14,845,000 bushels. CHICAGO CORN
Great Northern Iron Ore
Great Northern Rły, pld,
May
561/56
561/56
5612561
up
Great Western Sugar
581/561
-562/581
up
Greyhound Corpa...
57/57
571/57
"EP
Hercules Powder Co
WINNIPEG WHEAT May
Homestake Mining
851/88
86/85+
85JA
unch.
International Harvester
87/87 881B
87 A 881A
Int Nickel
Int. Tel. & Tel
at 353.1/2, NEW YORK HIDES
Johns-Manville
13.93/93
13.96/98
14.22/22
14.25/25
.... 14.48 N
14.55/57
13,98/14.00 14.25/27 14.53/57
.05 up
J. & Laughlin Steel $7 pid. · 59↓*
03 up .05 up
мете
Shanghai Exchange
34-3/4 5.95
1939
156.93 191.41 30 Endustrial
35.90 -94.14-30' Rais
37.70 20.70% 20 - Utilimes
London
New York
Japart
0/4
6-9/18
27-7/8
32-1/8
72.22 84.51, 40 Bonds
Market Report
FROM ROZA BROS.
* Market
The price for Ready Silver the dropped 1/16 to 20.3/4 but Forward rate was unchanged. at 20.3/4 Silver advices reported a very small quiet market with a business done. The market closed with sellers at the quoted rate. American Silver was quoted at 84.3/4 for Epot.
cross- The London/New York rate was quoted a: 402.1/2. New York-London was quoted at 395. Market
Featureless,
Sterling No business was reported. There were sellers at 1/27/8 February June, buyers at 1/2.29/32 Cash
U.S. Dollars Sellers at 24.1/2 February and 247/18 March, buyers at 341/18 Cash and 24.1/2 March.
Shanghai Dollar Business was arranged at various rates.
At the close at 1 pm. there were sellers 355.1/2, buyers bidding 356.1/2.
Shanghai Market »
Easy, at the opening with sellers for Spot at 43/16 Later the" rase dropped
After ruling steady, the market advanced on improved Trade demand, together with favourable United States statistics. Schjers were reserved,
NEW YORK COTTON: The market is featureless. Prices back- ed and, filled with a narrow range, selling being largely due to scat- tered March liquidation. We see nothing occurred warranting any decided change in values,
NEW YORK RUBBER: Continued March, fiquidation" and heavy arrivals were today's depressing in duences. Rubber consumption for January was 54.978 toms, compared with 48,428 tons for the month of December, while stocks were 156,830 tons and rubber adoat totalled 90,285 tons.
1
CHICAGO WHEAT: The increase in the Argentine. freights en- courages the hope of better export enquiry for United States grains Reports that January snows were beneficial to the crop conditions in the South-West were ignored.
NEW 148.48: Change, up :33.
YORK STOCKS: Previous close, 148.33; Today's close.
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
Prev. Today's High Low Close Close Change 11.01 10.98. 11.00 10.98 02 0 19.07 18.90 19.02 18.90 12 off
100 981 99 992 561 557 56 561 14.08 13.95 13.93 13.98
Opening Closing
.05 up
Total sales yesterday:-31,500 bales. First Notice Day for March Cotton-27/2-Last Notice Day-15/3
closed at Noon with sellers for March
ed with sellers for Spot at 6.7/8. July
The rate subsequently receded to September 2.25/32 and closed at Noon with December
sellers at 6.21/32 for Spot
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 The market was quiet in the CHICAGO WHEAT afternoon.
Sterling The market closed with sellers
at 1/27/8 February/June, buyers
at 1/2.29/32 for any delivery.
U.S. Dollars
Bellers at 24.1/2 February and July 24.7/16 March, buyers at 24.9/16 September Cash and 24.1/2 March.
Shanghai Dollar
At the opening there were sellers July
at 355 and towards the close October sellers were quoted
March buyers bidding 354,
June Shanghai. Market 4.11/16 at the opening and to- September
the close sellers wards quotes at 4.13/64 for Spot".
Shanghai, Feb; 16 (Reuter).
India
Official T.T. Bates
Paris Hongkong
Opening
Sellers
2,94 25-374
First notice day for March hides:-26/2/40 last, trading day :---- 25/3/40. New York, Official 34-3/4 NY-London. Cross Rate 3.95-1/2
SILVER MARKET
LONDON SILVER
London, Feb. 15 (Reuter). Silver. Very small general bust- ness Market quiet. In the after- noon; the market was dull, with
small sellers at the rate but buy- Closing
0/4-3/16 0/4-5/32
0/4 3/160/4-5/32
0/4-1/8 0/4-8/32
Spot
Feb,
Mar.
U.S. Dollars
Spat
$1-27/32
Feb
$6-7/8
8-7/8
Mar....... 8-3/4. Market:-Uncertain.
Merchant Rates
Sterling, 0/4-5/32. Us. Dollars, $0-13/10.
India Rupee Paper
6-21/32 6-23/32
Bombay, Feb 15 Reuter).. Government 31% Rupee. 91-0-0 nominal,
Calcutta Exchange
Calcutta, Feb, 15 (Reuter),
Tate on Japan, 80-2/81
New York Exchange
ers holding off.
Spot, 20-3/4d..
Forward, 20-3/4d,
NEW YORK SILVER
New York, Feb. 15 (Reuter). Silver: Official, 34-3/4-
BOMBAY SILVER
Bombay, Feb, 15 (Reuter). Market-Barely steady. Oftake 50 bars.
Indian Mint Silver Ready... Mar. 4 Settlement Apr. 3 Bettlement
56-03 54-07 54-17-
BROKERS' LOANS
New York, Feb 18 (Reuter), Loan on securities to brokers in New York:
Week-ended
Week-endea
Week-ended Feb. 15
New York, Feb 15 (Reuter). Le
T.T. on London (Opening Rate) - Feb. 9. (1939) Feb. 8
3.94-1
LONDON GOLD
"Loudon, Feb. 15 (Reuter). Bar Gold, Fine per oz., 163.
Atchison, T. & 8 Fa
Baltimore & Ohla Barber Asphalt Co.' Barnsdail C
Bendix Aviation Bethlehem Steel Bliss Co.
Case, II
INDO-CHINA
STEAM NAVIGATION COMPANY. LT
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are lauded.
For further particulàrai
please spyply
CALCUTTA
JARDINE
$538,000,000 3487,000,000 $485,000,000 ELEPHONELLI
GERS
Head Office:—HONG KONG
No. 10 Des Voeux Road, Central.
Bir Bhouson Chow, Chairman'
Li Les Bang, Esq.
P. K. Kwok, 14.
Wong Che Sou, Esq. Wong Tan Tong, Esq. Kan Ting Po, Ray. Chan Ching Bhak, Eed, Fang Fing Wah Bag
Kai Tong Fo, Esq, Chint Manager. Li Tas Fong, Esq., Manager.
Branchia and Agencies zm.
Karloos
London
Piping
Panang. Rangoon Sosabays Kalges
Ban Fran- Bydney"
Vancouver
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 OVER CHINA) Owing to our numerous Branches. in this and connections in the principal Commercial Centres of the Wusid, 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, C. South China Offeea:
CANTON
Every description of Banking and Exchange business transacted." Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter SWATOW periods in Local and Foreign Our SHIUCHOW rencies on terms which will be quoted on application.
BATE DEPOSIT BOXY TO LET,
KAN TONG PO
Chief Manager.
THE KWANGTUNG PROVINCIAL BANK Sorpoenbed-in fun)
General Banking Facilities and Financial Agents de
The Provincial Goverment of Kwangiang z Head Office-Shinkwin, kwangtang Provizor Hongkong Branch --Queen's Kid”, 6 Chater BA. Cable Address=~~PRUTIECI AZ” 2015, 9413.
Telephones:
20112/20113, 20143, 20181, 21681. BRANCHES THROUGHOUT SOUTH CHINA Correspondents tif Kew Körk and London Paid Up Capital
NS10,000,000 MEN$10,500,000.
Capital
AUYANG MANLY,
·Hongkong “Manager."-
KONGMOON" TOISHAN KINGCHOW
We also handle the issue of Bonds. and other Public Funds of the Chiness Government both at Home fand Abroad.
SHOP J." CHEN,
Manager
THE MERCANTILE BANK OF INDIA, LIMITED
Hand Oncol—B. Gracechur
London, ECI Authorband Capital" Jabeerfbed Capital Paid-up Capital Lan Herve Band and Band
BANKERS: The Bank of England and Midland
Bank:LEO: D
Sung Bombay A
A Job?
WANT
Calle Hongkong Bowral
· BRANCHES
Kakatan. Handy
Kazachi
NewYork
Rangoon
Kanda Léplir (903) Mendak Ta
Karla Lumpur inespor
HONG KONG BRANCH:
Every description of Banking and Kxchang
busineën Fransnatáč
STraveliers." Albernes faenad TRUSTEE AND EX
Oliverest, STRE
UTORSHIP
mad" in "Local Our-
DABENSON
Branches:
Sir Vandeleur M. Grayburn,
Chief Hanager.
BOMBAY
DALOUTTA ILANG
AGENSOTES: KOM
Oliez Seras:
TAIKIN PLAC
KUALA
CAWNPORE KUCHING
CANTOM:
231
N. American Aviation
247
CALE
+1
MADRAS
CLOILO. IPOK
SAIGON
ВЖЕТЫВАЯ
KARACHI
SHANGHA
SINGAPORE
SITIAWAN
SOURARATA
LUMPUR
TAIPING
TIENTSIN
TONGKAN
13.
North American Co.
217
Amoy
Ipoh
52
Northern Pacific
Bi
Bangkok
Johore
151
Owens-linols Glass Co.
431
Batavia
Kobe
Penang Rangoon Baigor
114
Pacific Gas & Elec
337
Bombay
Kowloop
San
Calcutta
Kusla
Francisco
311
Pacific Lighting
$74
Canton
Lumpur Shanghai
781
Packard Motors
34
Chefoo"
London
Singapore
134
Paramount Pictures
234
Pearisylvania RR
221
234
Phelps-Dodge-
37+
111
Philips Petroleum
40%
Foochow
Manila
Haiphong Muar
Patani
Swatow
-201
Pittsburg Coke & Iran
7+
187
Public Service of NJ.......
414
643
Pullman Inc.
277
41
Pure Oil
M
70
Radio Corpn. of Am. .....
51
294
Reading Company, Com
157
411
Reading Company, 1st pfd -28*
B61
Remington Arms Co., Inc. ·43*
38
78+
| Republic Aviation Corp.
Republic Steel
+++
6+
од
201
龉
Revere Cop. & Erass Inc.
124
88
Reynold Tobac. "B"
"
41
464
Richfield O
J
13
Safeway Stores
494
311
Schenley Distillers
121
น
Sears Roebuck
454
Shell Enion of '.....
111
BANK
241
Socony-Vacunum Oil
A g
111
151
Southern Padide
131
Colombo Lyons Sourabaya
Dairen Malacca Sungei
Hamburg (Johore) Tientain Bankow Mukden Tokyo Harbin New York Tsingtao Floilo
Peiping Yokohama
NEW YORK FLIPING
(Peking)
(Bhuket) TWINGTAO..
TOKORAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCoustra, opened and FIXED DEPOSITS received for One Year or shorter perioda in Local or Other Currencies at rates "which will be quoted on application.
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with
QUERENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CUEREROY and FIXED DEPURITY OR Spplication.
The Bank's Head Office in London received for one year or shorter perioda in Local and other Cur-undertakes Executor and Trustee rencies terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
ALSO up to date SAT DEPOSIT terms which may be ascertained at Boxes in various sizes To LaT any of the Agencies and Branches. Hong Kong, 11th January, 1940
B. A. CAMIDGE,
Manager.
HONGKONG SAVINGS
THE CHASE BANK
The Business of the above. Bank 15, QUEEN'S ROAD, CENTRAL
COLOMBO DILAT
MANILA
HAIPHONG
HAMBURG ASKOW
541
Southern Rly $5 pfd.
201
is conducted by the HONGKONG
101
Sperry
..
454
291
Spicer Manufacturing" Go.
314*
& SHANGHAI BANKING COR- FORATION, Hules may be obtain- ed on application.
HEAD OFFICE; -
21
Standard Brandsk
57
191
Stand Gas & Elec.
831
Standard Ofl of Califórnia
241
184
Standard Oil of NJ.
444
101
Stone & Webster
10
31
Studebaker Com,
12
37Swift International
31
71
Technicolor
15*
571*
Texas Corm."
44
051
Texes Gulf Sulphur
351
BANK OF EAST ASIA, LIMITED
391
Timken-Axle
221"
144
Trans-America Co.
5
20
20th Cent. Fox.
-111
Authorised Capital......$10,000,000,00 Paid-Up Capital
5,598,000.00
Reserve and Undivided
For the HoxGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb. 1932.
18, PINE STREST,
NEW YORK. An American Bank offering com-
pleta. Foreign Banking Servic in the principal Markets of the -* * world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BAXE, NEW YORK, with Resources of ovn
· 17.8. §1,900,000,000. 10.
·D. M. BIGGAR,
Second "Vice Prsa,
641.
20th Cent. Fox, $1 pí.
241
Profits
2,883,232.01
381
Union Carbide & Carbon
83
531
Union Pacific
93
17
United Aircraft
471
217
United Airlines Trans
151
181
United Corpn.
21
Board of Directors:
19
United Corp. $3 cum pf.
414
64*
United Gas Corpn....
14
| Lí Koos Chun, Bage
241
United Gas Improvement
14)
14
UB, Industrual Alcohol.
211
231
U.S. Rubber
37
271
UB. Rubber $8 pid..
1134
164
US. Steel
571
89
Vanadium
33+
561
Walworth Co.......
51
Amay
561
Warner Bros. Pict.
37
Batavia
Estabay
Manila
371
Westinghouse Elec.
1131
Malborg
44.
Woodward Iron Cor.
241*
72.
Chase National Bank
35*
Kaiphong Hankow Homelain Labe
New York
Parte
Sanghal
National City Bank
291*
⚫-bid.
1-ex div.
DOW JONES AVERAGE
High Low Dow Jones Averages. Feb, 14,
148.33
31 00
24:85
Feb 18, 1940. High Low Close 149.19 148 20 148 48. 31.00 30.88....... 2000 $5.00 $4.89° 24,97
Chango ".13 up 10 off
.19 up
83.34
69.37
.03 up
65 67 45.59 11 Commodity Index 6.60
.12.
up
Business Done :----750,000 shares