On New York:-
Bank Bills, on demand 24 7/18 Credits, 60 days sight 25 1/18
SPOT APRIL-JUNE
JULY-SEPT.
38-1/8 38-1/8 38-3/4 up 5/8 36-1/4 "36-1/4 38-5/8 up 3/8 34-3/4
35-1/8 34-3/4
up 3/8
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 23, 1940
On London:---
Telegraphic Transfer, 1/2/13/16. Bank Bills, on demand 1/2 13/16 Credits 4 months' sight 1/3 1/8
On Shanghai:--
On demand. 343
On Singapore:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET. REVIEW.
(FROM PAYNE & CO.)
On demand
52 1/2
On Japan:-
On demand
103 1/3
SINGAPORE RUBBER
On India:-
Telegraphic Transter.
189 18
and demand"
NEW YORK, FEBRUARY 22, 1940. Previous February, 22 Closing Opening Closing Change Buyers Buyers
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
SATURDAY, FEBRUARY 24, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA
STOCKS
Last Sale
FEB. 22, 1940 STOCKS.
Authorised Capital $50,000,000 Issued & Fully Paid-Up 890,000,000
corporated by Royal Charter, 1805
Last Sale
Reserve Funds:
Feb. 21
Feb. 21
Sterling .......
Adams Express
74
'Alleghany Steel Co.
324
Kennecott. Copper Lakey Foundry & Mac.
381
4
Allied Stores
81
Libbey-Owens-Ford
Glass
501
Proprietors
.$20,000,000
Allis Chalmers
371"
Lockheed Aircraft
301.
Aluminium Ltd.
85*
Loew's Inc.
381
Amer. Can
118
Mack Truck Inc.
25
American Cyanamid B. Amer. & Foreign Power Amer & Foreign $7 pf. American Gas & Elec....**
37
Martin, Glen L
401
It
McKesson & Robbins, pid.
243*
25+1
Monsanto Chemical
109
Board of Directora: Hon. Mr. A. L. Shields,
H. V. Wilkinson, Esq.,
341*
Montgomery Ward
537
Deputy Chairman.
Amer, Locomotive
19
National Aviation
12)
Amer. Metals. Co.
241
Nat, Dalry Products
174
Amer. Radiator
01
Nat. Distillers
25
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
Amer. Rolling Mill
15
National Gypsum
11+
D. F. Landale, Esq.,
On Batavia:-
On demand
On Paris:-
On Saigon:-
. On demand
On Manila:-
The market was very steady. LONDON RUBBER
Amer. Sting and R'ing Co.
501
National Lead
201
G. Miskin, Esq.,
Previous close" Today's close
Amer. Sugar Refining
གཉན་
Nat," Power & Light
77
K. S. Morrison, Esq.,
45 3/8
Amer. Tel, & Tel.
172
Buyers
Buyers
Change
National Steel Corp.
68
Hon. Mr. T. E. Pearce,
Bank Bills, on demand 1085
Credits & months' sight 1140
SPOT
12-7/8
12-7/8:
LI
APEIL
12-3/8
12-1/4
..... 18 1/4
MAY JULY-SEPT.
11-7/8
11-7/8
unch.
unch
Amer: Tobacco “B”
901
National Supply Corp.
81
C. C. Roberts, Esq.,
Amer. Waterworks
10
off 1/8.
New York Central
16
Anaconda Copper
301
Niagara Hudson Power
11-3/18
11-3/8
up 3/10
Atchison, T. & 8. Fe.
23
N. American Aviation-
241
Auburn Motors
It
OCT.-DEC.
10-15/16
11-1/16
up 1/2
North American Co.
22
Branches:
Baltimore & Ohio
53
Northern Pacific
8+
ADIOy
Ipoh
Penang "
On demand
On Bangkok:--
On demand.
48 7/8
Market gulet but steady. WINNIPEG WHEAT
Barber Asphalt Co..
142
Owens-Illinois Glass Co.
82
Bangkok Johore
Rangoon
Paid-Up Capital
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Head Office:-HONG KONG
Chairman.
Sir Vandeleur M. Grayburn,
Chief Manager.
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.9.
Sub-Agencles In London: 117/18, Leadenhall Street, E.0.2.
West End Branch: " 14/18, Cockapur Street, 6.W.. Manchester Branch: 62, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES:
ALOR STAR AMRITSAR
| BANGKOK
BATAVIA BOMBAY
CALOUTTA
AGEXOTES: OLATE BET FAIRLIN PLAVE CANTON CAWNPORE
HARBIN HONG KONG ILOILO
IPOK
KLANG
хова KUALA
LUMPUR KUCKING MADRAS MANILA
MEDAN
PENANG
KANGOON
BAIGON
£6,500,000 Reserve Fund.
...£3,000,000 ..£3,000,000.
prietors
£3,000,001
5
BEREMBAN
KARACHI
BHANGRAI
SINGAPORE
HITIAWAN
BOURABAYA
TAIPING
TIRNTOIN
·
**
TONGKAH
COLOMBO
(Bhuket)
DILMI
TSINGTAO
Barnsdall OⱭ
114
Pacific Gas & Elec
34
Batavia Kobe
Saigon
HAIPHONG
***** 150 1/4
Previous
Today's
Bendix Aviation
321
Pacific Lighting
471
Bombay Kowloon
San
HAMBURO
NEW YORK PRIPING.
TOKOHAMA
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
1/3 11/16 20 1/4
MAY
Close Opening Closing Change 89) B
Bethlehem Steel
782
Packard Motors.
34.
Calcutta
Kuala
Francisco HANKOW
(Peking)
+4
Canton
Lumpur
Shanghai
1
Bliss Co.
JULY
OCTOBER
Market Report
"FROM BOZA BROS.
Public Deporte
Government
Securities
Other Securities:-
Discount & Advances Securities
Total
Notes and Coins
.
At
$
AFTERNOON MARKET
18
1898 (Erit. Issue) ....... Chinese 5% Gold Bonds.
60
Sterling
sellers!
1925-47
50
Chin. 44% Anglo-French
Loan, 1903.
50
30
1925 (Vickers)
55
257.**
Silver prices dropped yesterday
90-3/4 7/8 Unreceived 91-7/8 92
NOTICE: All United States market closed on Thursday (Feb, 22) being Washington's Birthday.
to the extent of 1/8 for Ready WEEKLY RETURNS AND REPORTS Canadian Pacific R'way
and 3/16 for Forward, the quota- tions being 20.1/4 for both de- liveries. Silver advices reported the marke; as being quiet. Small American buyers were satisfied.
Silver Market was closed yester- day.
Steady.
The London/New York cross- rate was quoted at 402.1/2.
Market.. Business was slack.
Stering There were sellers at 1/2.7/8 February/May, possibly June, buyers at 1/2.29/32 Cash and 1/2. 7/8 July.
U.S. Dollars
Sellers at 24.9/16 Cash and 24. 1/2 February/March, buyers at
Other Deposits: ----
Barkers
Other Accounts Total
Total Bullion
Notes in circulation
Ratio of Reserve to Liabilities
Price of Gold at which holdings ar.
24.5/8 Cash and 24.9/18 first half LONDON STOCK
March."
Shanghai Dollars
During the early part of the morning there were sellers at 354 at 354. leading to some business
1/2 The market closed at. I p.m. with sellers at: 538 for Byot.
Shanghai Markei
EXCHANGE
[REUTER'S 'SERVICE)
London, Feb. 22. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no Sellers for Spot at the opening responsibility is assumed for errors were quoted at 4.3/18 and 6.29/32. in transmission. The market closed
shade a easter with sellers at 4.5/32 and War Loan, 3% (Red 6.21/32 for Spot.
after 1952)" Canton-Elcon Rly. 5%
The market was featureless in Chinese 4% Gold Loan the afternoon.
The market closed with at 1/2.7/8 February/May, possibly June, buyers at 1/2.29/32 Cash and 1/2.7/8 July.
U.S. DollarS
The market closed with sellers at 24.9/16 Cash and 24.1/2 March, buyers at 245/8 Cash and 24.9/18 first half March.
Shanghai Dollars
Chinese 3%. Crisp Loan.
1912 ".... Chinese 5% Reorg, Loan,
1913 (Ldn. Is.) Chinese 8% Ster. Notes,
Chin. Imperial Rly, 5%
Loan
LONDON METALS
EXCHANGE
London, Feb. 22 (Reuter). ouyers 'TEN
Standard, Cash 244-3/4 245 Standard.
3 months 244-3/4 245 Standard.
Set'ment Price 245 Straits
*****... 270
Boeing Airplane Co.
Borg-Warner
Bridgeport Brass Corp.
Briggs Mig.
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $8....
Case, JI.....
BANK OF ENGLAND
Celanese
Chesapeake & Oblo
London, February 22 (Reuter).
Feb. 15 e
Peb. 22
Chrysler Corpn.
£
Climax-Molybdenum Co.
39,220
48,590
Colts Patent Fire-Arms
Columbia Gas & Elec.
105,530"
97,180
40,520
10,360
Columbia 6% "A" pf."
146,050
137,720
Commercial Credit Co.
126,140
122,760
Com, & Southern (Ord.)
Consolidated Edison
*4,840
23.110
25,660
Consolidated Ou
27,850
30,200
Continental Can
49,380
51,180
Continental Ou
1,010
1,180
Copperweld Steel
631,640
529.970
Corn Products
26.05%
27.50%
188/-
168/-
Curtiss Wright (C.)
Curtiss Wright “A”
Deere & Co.
Distillers Corp. Seagrams
Douglas Aircraft
Du Pont de Nemours......
Eagle Ficher Lead ......
sellers
Eaton Mig. Co.
Elec. Autolite
Elec. Bond & Share
Elec. Bond & Share $5 pt. Elec. Bond & Share $8 pt.
Elec: Power & Light $7 pf.
Fisk Rubber
Fztkat
Gen. American Trans.
Gen. Electric
Gen. Motors
98-15/18
Hawker Siddeley Airc. ...
14/9
Bristol Aeroplane
Gen. Radway Signal
15/3
Imperial Chemical Ind. 33/1
Gen. Tire & Rubber
Glidden Co.
Imperial Tobacco
122/6
Goodrich (BF)
Marks & Sp'cer "A" ord.
53/8
Goodrich $5 pf.
Rolls Royce
86/3
Leyland Motors
72/6
Goodyear Tire & Co.
Great Northem Iron Ore ..
Tate Lyle.....
*55/3
Great Northern Rly, pfd.
Turner & Newall
05/6
Great Western Bugar
United Steel
24
Smethwick Drop Forg.
14
Greyhound Corpn.
Armstrong Stevens, ord.
6
Hercules Powder Co.
Homestake Mining
Pressed Steel, com.
-15/9
Vickers, ord.
21/3
International Harvester
Tht Nickel
Woolworths ...
85
Int Tel, & Tel
Anglo-Dutch
26/11
Shanghai Market
Honan Rly, 5%
18
Rub, Plant. Invest. Trust
34/6
Johns-Manville
4.5/32 and 6:27/32 sellers for Hukuang Rly. S%, 1911.. Spot.
19
Burma Corporation
9/3
J. Laughlin Steel 7 pfd. 81
Hukuang Rly. 5%, 1911
CommonwealthTM Mining
(German Issue)
17
Marsman Investments ...
14/9
Shanghai Exchange
Lung Tsing & U. Ha!
Rly. 5% 1913
Randfontein Estates....
34/4)
14
Western Holdings
12/71
|8'hai-N'King Rly. 5%
20
Sub-Nigel
188/3
1939
Bhanghai, Feb. 23 (Reuter),
Tientsin-Pukow Rly..5%
Tanami Gold Mining
·6d..
Omelal T.T. Rates
London
New York
Japan--
(Brit. Stpd.)
18
Anglo-Iranian
57/6
156.82 121.41 20 Indlastris?«
0/4
Tientsin-Pukow Rly. 5%
Burmah
70/71
35.90 24.14·20. Balla
6-9/18
(German 8tpd.).....
18
Shell
Trans.
drad.
$7,70 20.70 Utili
72.23 84.51 40 Bonds
India.
Paris
Sellers
23-7/8Tientsin-Pukow-Rly,-5%-
22-1/8
2.94 26-3/4
Opening Closing 0/4-3/16 0/4-5/32 0/4-3/16 0/4-5/32 0/4-9/640/4-7/04
HE. & Shal Bank Lan
Reg.)
_(bearen
18/9
Hongkong
Sput
Feb.
Mar.
U.S. Dollars
87
Spot
86-29/32
$5-7/8
H.K. & Shai Bank (Col.
Feb.
6-29/32
6-7/8
Reg)....
90
Mar
6-13/18
8-25/32
Chinese Eng. & Mining
(bearer)
19
TO
Chosen Corporation
6/6
Pekin Syndicate
1/6
S'hal, Waterworks “A”
(Brit. Stpd. 8upl. Loan). 18 Tientsin-Pukow Rly. 5%. (Ger. Stpd. Supl. Loan) JBp. 5% Ster Loan, 1907 52 Jap. 8% Ster. Loan, 1924 551 Ger, 7% Inti. Loan, 1924 Chartered Bank
-Nominal
18
Market:-Quiet
Merchant Rates
Sterling, 0/4-5/32.
U.B. Dollars. $6-13/16.
Suver Duty Rate
The Central Bank of China's rate on London. at 10 am today was 1/2-1/24.
B'hat Elec. Constr. Co... 15
Union Insurance
Gula Kalumpong Rubber
147 27h
21/101
Allied Ironfounders ...... 14 Asso.& Elec. Industries 40/9 The Equalisation, rate was 6-1/4 Austin Motors, ord......
per cent.
India Rupee Paper
Bombay, Feb 22 (Reuter Gort 31% Rupee, 91-2-0.
Calcutta Exchange
Calcutta, Feb 22 (Reuter) TT, on Japan, 79-3/4.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
BWATOW, SHANGHAL, TSINGTAU, CHEFOO
“and TIENTSIN
'KOBK #and OBAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN !
HAIFHONG
All steamers berth alongside the Roosevelt Terminal tia the French Concession Pat
Shanghai, where passengers and cargo are landed.
18/9
Cable & Wireless, New
Form, ord.
841
[B-A-Tob (bearer)
.-102/6.
Mexican Eagle ......
12
For further pas
8/6
please apply
6/3.
38
Distillera
:69/6/
Dunlop Rubber
33/3
Gen. Electric (England)
80/9
Guinness (A) Bon & Co.
74/6
Cammell Laird; ord. Mexican Eagle with Courtaulds A
JARDINE MATHES
TELEPHONE
GENER
NAGERS
Singapore FOREIGN EXCHantz and General
Banking Business transacted.
(Johore) Tientsin Baukow Mukden Tokyo Harbin New York Tsingtao
Peiping Yokohama
CURRENT
Accounts opened in LOCAL CURRENCY and Fixed Deposite or shorter received for one year periode in Local and other Cur- rencies terms which will be quoted on application.
On
Also up to date. SATE DEPOSIT Boxes in various aires To LET Hong Kong, 11th January, 1940
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION, Rnies may be obtain- ed on application.
For the HONGKONG & SHANGHAI Banting CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 95th Feb., 1938.
Authorised Capital....$10,000,000.00 Paid-Up Capital 5,598,600,00 Reserve and Undivided
Profita
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors:
Bir Shouson Chow, Chairman...
Li Koon Ubau, Esq. Li Lan Sang, Fag. P. K. Krok. Esq. Wong Chu Hou, Esq. Wong Tan Tong, Esq. Kan Ting Fo, Kag. Chan Ching Shok, Esq. Fang Fing Wah Esq Kan Tong Po, Esq., Chief Manager.
Li Tio Fong, Esq., Manager,
Branches and Agencies :—
Panana KOTIOON
Paiping
CURRENT Accounts · opened and FIXED DEPOSITS 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 Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in Londen 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,
Manager,
THE CHASE BANK'
18, 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.
SAFE DEPOSIT BOXES
This Bank is entirely owned by BANK, TH CHAKE NATIONAL NEW YORK, with Besources of over U.3.$2,200,000,000.
D. M. BIGGAR,
Second Vice Prsa
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 OYER CHINA) Owing to our numerous Branches jin Chins 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:
4, QUEEN'S ROAD, C. South China Offices:
Every description of Banking and. Exchange business transacted. Longs granted on approved securities.
Ourrent Accounts opened in Locs Currency and Fixed Deposits re- ceived for one year or shorter CANTON periods in Local and Foreign Cur8WATOW rencies on terms which will be SHIUCHOW
quoted on application.
BARK DEPOSIT BOXES To Let
KANTONG PO.
"Chief Manager,
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in Maios)
General Barking Facilities and Financial Agents to ****The Provincial Governmelit of Kwangtang
· Head Office-Baiukwaa, kwangtong Provide Hongkong Branch –Queen's Iidg., & Chater Bd. Cable Addrem-""PROVINCIAL" 2639, 9443. Telephones:
20112, 20113, 20143, 2011, 31681. BRANCHES THROUGHOUT
KOR SOUTH "CHINA DA Correspondents in New York and Londen Paid Up Capital ... N$10,000,000. N$10,500,000. Reserve Capital
"AUYANG MNLY,
Hongkong Manager.
Job?
WANT ADS
KONGMOON TOISHAN PA 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 OF INDIA, LIMITED
|-·Head Offco:+15, Gracechurch Street;:
London, EC.3
Authorised Capital Sabezribed Capital Frid-or Chpitál .. RAMIE WYN and Hent.
BANKERS:
£1,000,000
£1.800.000
2,060.000
The Bank of England and Midland.
şi Bank, Ltd...
BRANCHES:
Bangkok. Bocobay
ipok
Calencia
Coloratio
Delhi.
Hongkong
Kuantan
Kandy Kurich
Kunis TrengganTM
New York
Hangoon Shangand Sunt
·Mugaporn.
Kaula:Lapin Howrah ke Kasla Lumpur. AHONG KONG BRANCH:
Every" chemiplen, of Banking and Archang kesinam trecutated, oppsett,
Travellers Choquen fused loop TRUSTEE AND EXECUTORSHIP AMAZAN UNDERTAKEN
OURLENT: ADOCUSES 2016së In Long). One. TODAY, 213 FIXED DEPOSTES received in Loest Currency, TVERLING & U, 8, DOLLA EA on Vacat that may be nowtainerf on supliontion,
BENSON
132
Paramount Pictures
74
Chefoo
London
23
Pennsylvania R.R........
221
Colombo
Lyons
Sourabaya
£231..
Phelps-Dodge
3911
Dairen → Malacca
Sungei
11
Phillips Petroleum
39+
Foochow Manila
Patani
211
Pittsburg Coke & Iron
7*
Haiphong Muar
Swatow
201
Public Service of NJ,
411
Hamburg
791
Pullman Inc.
271
5
Pure Oll
81.
70
Hoile
Radio Corpn. of Am.
51
237
Reading Company, Com
151
397
Reading Company, 1st pfd
254*
851
Remington Arms Co., Inc.
41*
387
Republic Aviation Corp. .....
791
Republic Steel
21
81
Revere Cop, & Brass Inc. ..
134
89
Reynold Tobac. "B"
41+
45
Richfield O
71
11
Safeway Stores
401
32
Schenley "Distillers
123
72
Sears Roebuck"
837
W
4T+
Shell Union of
111
241
Socony-Vacunum Oll
111
154
Southern Pacific.
137
844
Southern Rly $5 pfd."
29
101
Sperry
442
'291
Spicer Manufacturing Co. 324
Standard Brands
19
Stand Gas & Elec.
1*
821
Standard Oil of California
24
184
Standard Oil of -N.J......
44
104*
Stone & Webster
104
317
Studebaker, Com
121
381
Swift International
.314*
7
Technicolor
137
574*
Texas Corpn.
441
50
Texes Gulf Sulphur
342
30
BANK OF EAST ASIA, LIMITED
Timken-Axle comma
221
151
Trans-America Co.
51
167
20th Cent. Fox
12
$5
20th Cent. Fox. $14 pf. .....
234*
321
Union Carbide & Carbon
84)
*2,683,039.01
54
Union Pacific
-94+
17**
United Aircraft
471
217
United Airlines Trans"
157
18
United Corpn.
191
United Corpn. 33 cum pf. 411
United Chas Corpn.
1
2441
United Gas Improvement - 147'
131
US, Industrual Alcohol.
213
23
US. Rubber
37
281
US. Rubber $8 pfd.
1128
161
UB, Steel
58
894
Vanadium
331
343
Walworth Ca........
54
504
Warner Bros. Pict.
37
Ammay
Bingsporn
'37
Westinghouse Mec.
1131
dazaria
London
Rangood.
Bossabays
Bombay
Macila
Bigon
Bwater
די
.. 37
Woodward Iron Car..
244
Dalmatia
Melbourne "Bad Trane Bydany
702
Chase National Bank ..... National City Bank
35*
291*
alpho Hankow Honolulu Kabe
New York Bestila Parks
cisco Santin
Tapouter
Brosting Shanghai
*bid.
1-ex, div.
DOW JONES AVERAGE
Feb. 22, 1940.
High Low Dow Jones Averages" Feb. 10,
High Low Close
1.49.66 149.04 14802 148.34 2106 31.10 30.78 30.81 84,00 25.10 24.99 26,05, 80 31
Ühange. 31 off .25 of
89.11
.05 up .10 off
85.67 45.5911 Caumodity in.) 19.01.
Business Done
80.07 780,000 shares
98 up