LONDON RUBBER
Previous close Today's close
SPOT
APRIL
MAY
JULY-SEPT.
OCT-DEC
"Buyers
12-3/4
12-5/16
Market
11-7/8
11-3/8
closed
41-1/16
PACE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
..
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
SPOT AFRIL-JUNE
JULY-SEPT.
The market was quiet.
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 26. 1940
On London:
NEW YORK STOCK EXCHANGE
STOCKS
Telegraphic Transfer, 1/9 13:16 Adams Express Bank Bills, en demand 1/s 13/16 Alleghany Steel Co. Credits 4 montha' sight | 31/8
On Shanghai:-
On demand..... 345 On Singapore:- ?
NEW YORK, FEBRUARY 24, 1940. Previous February, 23 Closing Opening Closing Change On India: Buyers Buyers
Telegraphic Transter Leg 1/8
and demand
On New York:
Bank Bills, on demand 24 3/8 Credits, 80 days' sight 25
38-5/8 38-1/3 38-1/4 of 378 38-7/8 36-5/8 36-5/8 of 1/4
·35-3.8 35-1/2
35-1/4 Of 1/4
On Batavia--
Change
On demand On Paris:-
QUOTATION (REUTER'S SERVICE)
FEB. 25. 1940 "STOCKS
Kennecätt, Copper Lakey Foundry & Mac.
TUESDAY, FEBRUARY
27, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA
Authorised Capital....... 850,000,000
Last Sale
Last Sale
Feb 24
Feb. 24
Sterling
Issued & Fully Paid-Up 880,000,000 Incorporated by Royal Charter, 1583 Reserve Funds':
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
71
-371
221
371*
Allied Stores
*!
Libbey-Owens-Ford
-Glass
50
Proprietors
.$90,000,000
Allis Chalmers
361'
Lockheed Aircraft
301
Head Office:-HONG KONG
Aluminium LED,
98
Loew's Inc.
354
Amer. Can
115
Mack Truck Inc. .....
24ł
On demand..... 63 1/9. On Japan:-
American Cyanamid B.
37
Martin. Glen L."
401
Board of Directors: Hon. Mr. A. L Shields,
On demand... 103 1/4
Amer, & Foreign Power Amer & Foreign $7 pt. American Gas & Elec. Amer. Locomotive Amer. Metals Co,....... Amer. Radiator
11
McKesson & Robbins, pid. 24*
Chairman.
25
Monsanto Chemical
108)
H. V. Wilkinson, Esq.,
344
Montgomery Ward
531
19
National Aviation
*121*
237
Nat, Dairy Producta
10+
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
91
Nat. Distillers
Hon. Mr. S. H. Dodwell,
Amer. Rolling Mi
15
National Gypsum
101
D. F. Laudalo," Esq.,
Amer. S'ting and Ring Co., 49)
National Lead
21
0. Miskia, Esq.,
Amer, Sugar Refining
221"
Nat, Power & Light
K. S. Morrison, Esq.,
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
pristors Reserve Liability of
£3,000,001 HEAD OFFICE: LONDON:'
Deputy Chairman...
39, Bishopsgate E.0.2.
Sub-Agencies In London: 117/122, Leadenhall Street, EQ.a West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 9.
AGENCIES AND BRANCHES:
HARBIN HONG KONG ILOILO
IPOH
PENANG
BANGOON
.£3,000,000
40 1/4
Amer, Tel, & Tel
1713
National Steel Corp.,
68
Hon. Mr. T. E. Pearce,
ALOR STAR AMRITSAR
BANGKOK BATAVIA BOMBAY
Amer. Tobacco "B"
90
National Supply Corp.
9
O. C. Roberts, Esq.,
Bank Bills, on demand 1085 Credits 4 months' sight 1140
Amer. Waterworks
91
New York Central
18
Anaconda Copper
291
Niagara Hudson Power...
51
Sir Vandeleur M. Grayburn,
Chief Manager.
BALOUTTA
CLIVE SET KUALA FATELIN PLACE
BLANG
BAIGON
BEREMBAN
KARACHI
SHANGHAI
SINGAPOR
AGENCIES: FOB
(REUTER'S SERVICE)
New York Cotton, Mar.
New York Rubber; Mär. ........
Prev. Today's High
Close Close Low 11.12 11.09 11.07 18.56 18.21" 18.61
11.11
18.21
Change ,04 up 40 off
NEW YORK COTTON: Large cotton goods sales are reported. Bombay interests are showing the main interest in new crops.
the state of
world The prevailing NEW YORK RUBBER:
situation deters buying. It is estimated that supply-demand February consumption of rubber totalled around 52,000 tons. East- ern offerings were light.
CHICAGO WHEAT: The official forecast of fair weather con- ditions in the South-West over the week-end Induced profit-taking and increasing hedge selling against loan withdrawals. The Trade is cautious and follows European tie ws closely
NEW
YORK STOCKS: Previous close, 147.35; Today's close,, 146.72; Change, off .63,
NEW YORK COMMODITY MARKET
On demand
On Sterling Note:--
Bank Buying Rate Bar Sliver per or.....
Market Report
Silver prices were unchanged over Brooklyn-M'hattan Trans. the week-end. the quotations re- Brooklyn-Manhattan $6. maining at 20.3/16 for both "de- Canadian Pacific R'way Evertes. Silver advices were not re- Case, J.I........ ceived. American Silver was quoted Celanese at 34.344 for Spot.
The London-New York cross-rate was quoted at 402.1/2. New York- London was quoted at 395.3/8.
Market
On Salgon:-
Un' demand
On Manila:-
On demand
On Bangkok:-
Atchison, T. & S. Fe.
221
N. American Aviation
*241
108 1/4
Auburn Motors
17
North American Com
Baltimore & Ohio
5
Northern Pacific
8
Anlog
Branches: Ipoh
48 3/4
Barber Asphalt Co.
144
Owens-linols Glass Co.
60
Bangkok Johare
Barnsdali O11
.111
Pacific Gas & Elec
34*
Batavia Kobe
157 1/4
Bendix Aviation
32
Pacific Lighting
471
Bombay
SAD Kowloon
Bethlehem Steel
78
Packard Motors
31
Calcutta
Kuala
Canton
Lumpur, Shanghai
1/3 11/16
Bliss Co.
131*
Paramount Pictures.
Chefco
London. Singapore
20 3/18
Boeing Airplane Co.
23
Pennsylvania RR.
Colombo
Lyona
Sourabaya
Borg-Warner
221
Phelps-Dodge
381
Dairen
Malacca
Sungei
Էր
FROM ROZA BRÓS,
Bridgeport Brass Corp. Briggs Mig.
Phillips Petroleum
384
Foochow
Manila
Patani
201
Pittsburg Coke & Iron
Haiphong Muar
Swatow
191
Public Service of NJ,
411
B02
Pullman Inc.
201
47
Pure Oil
81
BT
Radio Corpn. of Ami,
54
28年
Chesapeake & Ohio Chrysler Corpn. Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Gas & Mec.
39
Reading Company, 1st pfd
Reading Company, Com, 154
251*
83
Remington Arms Co., Inc.
41*
384
Republic Aviation Corp....
di
79*
Republic Steel
201
Revere Cop. & Brass Inc. ...
127
Quiet.
Columbia 6% "A" pf.
Reynold Tobac.. "B"
4ft
Chicago Wheat, May
105% 1041
.1051
104
Chicago Corn, May
New York Hides, Mar.
574 562 13.95
571
58%
13.80
13.98 13.80
NEW YORK COTTON
Close
Opening
Closing
18 off of 18 off Change
Sterling
Commercial Credit Co.
481
Richfield Ou
71
March
11.07/08
11.10/10
11.11/412
.04 up
May...
10.82/83
10.85/85
10.86/88
.04 up
July
10.42/42
10.45/45
10,49/50
:07 up
July (New contract).... 10.55/56
10.57b/65a
10.63/63
October December ( }
ג
9.75/76
9.81/83
9.86/86
9.05/05
9.73/73
9.76/76
January
9.61/61
9.69/70
"9.73/13
.08 up 11 up 11 up .12 up
March..
There were sellers at 1/2.7/8 February-May. buyers at 1/2.29/32 Cash and 1/2.7/8 June.
U.S. Dollars
A small transaction was reported at 24.1/2 Cash. There were sellers
at 24.1/2 Cash and 24.7/16 March. buyers at 24.9/16 Cash and 24.1/2
Shanghai Dollars
Com, & Southern (Ord.) Consolidated Edison Consolidated Oil Continental Can Continental Oil Copperweld Steel Com Products
Curtiss Wright (C)
11.
Safeway Stores
481
312
Schenley Distillers
121
71
Sears Roebuck
827
457
Shell Union Of
11
24
Socony-Vacunum Oli
117
154*
Southern Pacific
641
Southern Rly $5 pfd.
28
104
Sperry
447
Curtiss Wright "A" Deere & Co.
BZ
Spicer Manufacturing Co. 331
21"
Standard Brands
61
& SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
Spot
...... 11.22 N
11.28 N
.06 up
Dollars 356.1/2.
Distillers Corpn. Seagrams
19
Stand Gas & Elec.
17:
Total sales Friday's 78,100 bales.
First Notice Day for March Cotton-27/2-Last Notice Day-15;2
I
Shanghai Market Sterling 4.5/32 and US
Douglas Aircraft
821
Standard Oil of California
24
Dollars
Du Pont de Nemours
184
Standard Oll of NJ.
427
6.27/32 sellers for Spot.
NEW YORK RUBBER
March
Eagle Picher Lead
10"
Stone & Webster
10
18.61/61
May
18.25/26
July
September
Decenüber.!
18.03/03
17.80b/85a. 17.65b/70a
18.55/56. 18.21b/242.40 off 18.07/10 18 off 18.25/25 17.95b/18.05a 17.78b/80a 25 off 17.38/88 17.85/65 .15 off 17.506
.15 oft
IN THE AFTERNOON The market was dull in afternoon.
Eaton Mfg. Co.
301*
Studebaker Com
118
the
Elec. Autolite
381
Swift International
311
Elec. Bond & Share
61
Technicolor
15 *
יז
י
New York, Official
34-3/4
First notice day for March hides:-26/2/40 last trading day:- 24/3/40.
NY-London Cross Rate 3.96-1/4
May
-106/1051
1058/1051
July
1041/1041
1031/1031
September
104/1041
102/102 102/1024
2
off
"Friday's sales:-38,527,000 bushels
CHICAGO CORN
May
"571/571
571/571
564/567
1 off
July
571A
571/571
September
581B
577A
WINNIPEG WHEAT
May
90 B
901/891
July
October
011/911 921B
894/891 90 b 914b
t off
NEW YORK HIDES
March
13.98/14.02
June
14.30/31
13.05/03 14.25/16
13.80/82 14.12/13
.18 of
New York
.18 off
September
14.60/64
14.50/52
14.400/441
30 off
Japan
India
Paris
Hongkong
Total Sales:-2,190 tons
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 CHICAGO WHEAT
Sterling The market closed with sellers 1/27/8 February-May, buyers at 1/2.29/32 Cash and 1/2.7/8 June.
U.S. Dollars.
Small sellers at 24.1/2 Cash and
1041/1041 ... 11 off
13 of 24.7/16 March, buyers at 24.9/16
Cash and 24.1/2 March.
Shanghai Dollars Dollars 357.1/2. sellers.
Shanghai Market.
Sterling 4.9/64 and US Dollars 2 off
of.13/18 sellers for Spot.
off Shanghai Exchange
Shanghai, Feb. 25 (Router),
oficial TT, Bates London gia
Elec. Bond & Share 35 pt.
571*
Texas Corpn.
441
at
mec. Bond & Share $6 pr.
67,
Texes Gulf Sulphur
341
J
Elec. Power & Light 97 pt.
381
Timken-Axle
221
Fisk Rubber Flintkote
151
Trans-America Co
5t
191
20th Cent. Fox.
117
6,588,600.00
Gen. American Trans.
531*
20th Cent. Fox, $13 pf. ...... 233*
Gen. Electric
38
Union Carbide & Carbon. 474
Reserve and Undivided
Profita
Penang Rangoon DELFI Saigon
Francisco BANKOW
(Johore) Tientsin Hamburg Bankow Mukden Tokyo Harbin New York Tsingtao Bviln Peiping Yokohama
4
CORRENT ACCOUNTS opened "in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Car- terms which will be rencies on quoted on application.
Also up to date Bars DEPOSIT BOXES in various sizes To LET Hong Kong, 11th January, 1940
HONGKONG SAVINGS
BANK
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
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 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,
Manager.
THE CHASE BANK
The Business of the above Bank 1, QUEEN'S ROAD, CENTRAL is conducted by the HONGKONG
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong, tb Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital .........
HEAD OFFICE:
13, PINE STREST, **
NEW YORK.
An American Bank offering com- plate Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by TEX OHAB NATIONAL BANK, Naw Yes, with Resources of ov U.8.$1,900,000,000.
D. M. BIGGAB,
Second Vior Przą
CANTON .. DAWNPORE CERC COLOMBO
LUMPUR
KUCHING
KADBAS
TONGKAR
MANILA
BITIAWAN SQURABAYA
TAIPING
TIENTS IN
(Bhuket)
HAIPHONG
HAMBURG
MEDAN NEW YORK PRIPING
TSINGTAO
TOKOHAMA
2,883,932.01
Gen. Motors
53+
Union Pacific
95
Gen: Railway Signal
Gen. Tire & Rubber
Glidden Co.
Goodrich (B.F)
Goodrich $5 pi.
Goodyear Tire & Co.
Great Northern Iron Ore -
Great Northern Rly, pid.
Great Western Sugar
0/4
Greyhound Corpn.
Hercules Powder Co......
6-9/16
Homestake Mining
27-7/8
International Harvester.....
22-1/8
Int Nickel
2.94
Int. Tel, & Tel
26-3/4
unquoted.
3.95-3/8
Johns-Manville
Sellers
Feb.
Opening
Spot 0/4-5/32
0/4-5/32
Closing
J. & Laughlin Steel $7 pid. 61*
0/4-9/64
0/4-9/64
Mar.
0/4-7/04
0/4-3/32
U.S. Dollars
Spot
$6-27/32
$8-13/16
(REUTER'S SERVICE)
FEB. 25, 1040
Feb.
6-27/32
5-13/16
High
Mar.......
8-23/32
LONDON STOCK EXCHANGE
(Brit. Stpd.Supl. Loan) 18 The following quotations are the Tientsin-Pukow Rly. 5% middle prices at the close of the
(Ger. Stpd. Supl Loan)
18
market in London. All quotations Jap. 5% Ster. Loan, 1907 52 are subject to confirmation and no Jap. 6% Ster. Loan, 1924 55+ responsibility is assumed for errors Ger. 7% Intl. Loan, 1924 in transmission.
7
8-3/4
Market.-Inclined to be easy.
Merchant Rates
Sterling, 0/4-1/8.
US. Dollars. $8-13/16,
Silver Duty Rate
The Central Bank of China's
rate on London at 10 am today
was 1/2-1/24.
The Equalisation rate was 6
1939/40
-bla f-ex, div
DOW JONES AVERAGE
Low Dow Jones Averages Feb. 23,
156.92 121.41 30 Industrials
Feb. 23, 1940.
High Low Close Change
147.52 148.49-146,72 147.35 30 62
DEYM
36.00 24.14 20 Baila
27.70 20.70 20. Utilite
3237 84.51 40 Bonds
.63 of .01' off 30,80 30.60 30.63 25,05 95.00 $4,89 24,90 .15 of 89.99
65,67 45.59.-11.ommodity Index 6017
88,66
.12 off
59.51 .28 off
Business Done :-350,000 shares
Board of Directors:
Bir Bhouson Chow, Chairmea
P. H. Kwok, Baq,
Li Lan Sang, Esq.
Wong Chu Son, Esq. Wang Tan Tong, Esq. Kan Ting Po, Pag. Chan Ching Shok, Esq. Fang Ping Wah Bag Kan Tong Po, Esq., Chief Manager, Li Tse Fong, Esq., Manager.
Talphone
Branches and Agencies zom
Londos
Maxil
Perang
Blagapore Sonrahaya Bwntow Gydney elabo“ Tiantais
Kelbournen Frag
Pelping
Bearing Shanghai
Vencraver
Every description of Hanking and Exchange business transacted. Loans granted on approved securities.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN *INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches 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 sad Exchange.
Head Ofco: SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
Current Accounts opened in Local CANTON Currency and Fixed Deposits re-
KONGMOON TUISHAN KINGCHOW
ceived for one year or shorter SWATOW periods in Local and Foreign Cur SHIUCHOW rencies
on terms which will be. We also handle the issus of Bonda and other Public Funds of the quoted on application.
SAT DEPOSIT BOXES TO LET / Chinese Government both at Home
KAN TONG PO,
and Abroad. Chief Manager.
SHOU J. CHEN,
Xanager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Bervices for Cargo and Passengers
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOEK and OSAKA
£
War Loan, 31% (Red
after 1952) Canton-Kloon Rly. 5%
Chartered Bank H.K, & Shai Bank (Idn.
Reg.) 99-1/16 HK & B'hal Bank (Col.
16
Chinese 41% Gold Loan 1898 (Brit.. Issue)...... Chinese 5% Gold Bonds.
1925-47
60
Iteg) Chinese Eng. & Mining
(bearer)
90
per cent.
19
Marks & Sp'cer "A" ord. 53/41
Chosen Corporation
6/0
Rolls Royce
87/11
50
Fakin Syndicate
-1/6
Leyland Motors .........
72/6
Chin, 41% Anglo-French
Shai Zec. Constr. Co.
15
Tate Lyle
55
"Loan, 1808
50
Shai Waterworks "A"
141
Turner & Newall
66/0
TO-
Chinese 5% Crisp Lean.
1912
Union Insurancə
27}
United Steel
24/11
Gula Kalumpong Rübber 21/101
Smethwick Drop Forg.
15
Chinese 5% Reorg, Loan,
Allied Tronfounders ......
.14
Armstrong Stevens, ord.
#
1913 (Ldn. Is.)
Asso, & Elec. Industries
41/8
Pressed Steel, com..
18/101
SINGAPORE, PENANG and CALCUTTA
Chinese 8% Ster Notes
Austin' Motors, ord.
16/9
Vickers, ord.
21/3
1925 (Vickers)
12
Chin. Imperial Rly, 5%
Cable & Wireless, New
Form, oid.
Woolworths
85/3
841
Anglo-Dutch
26/3
Loan
B.-A. Tob. (bearer)
102/8
Honan Rly, 5%
Mexican Eagle
121
Hukuang Rly. 5%, 1911...
Cammell Laird, ord.
8/6
Rub, Plant. Invest, Trust Burma Corporation ...... Commonwealth Mining
34/3
All steamers berth alongside
9/3..
the French Concession at
Hukuang Rly. 5%, 1911
(German Issue)"
Mexican Eagle
6/44
Marsman Investments
14/9
17
Courtaulds
38/11
Randfontein Estates
devel
34/4
Distillers
69/3
Western Holdings .......
13/3
Dunlop Rubber ........
33/101
Sub-NigelÄÄLUTION
186/3
Gen. Electric (England)
81/8
Tanami Gold Mining
6d.
Guinness (A) Son & Co. 74/3
Anglo-Iranian
Hawker Siddeley Airc.
14/7
Burman.
55/71 TO
Bristol Aeroplane
15/0
Shell Trans, & Trad.
Imperial Chemical Ind. 82/101
(bearer)
Imperial Tobacco.
122/0
Nominal
Lung Tsing & U, Hai
Riy, 5% 1913 Shal-N'King Rly. 5%.... Tientsin-Pakow Rly. 5%
Brit. Stpd.)..... Tientsin-Pukow Fly. 5%:
(German 8tpd.). Tientsin-Pukow Rly. 5%
SANDAKAN
HAIPHONG
the Boosevelt Terminal in"
Shanghai, where passengers
and cargo are landed
For, further particulars
plessa apply to-
JARDINE MATHESON&Co.,Lrn TELEPHONEÔSOBÍ O GENERAL MANAGERS
| THE KWANGTUNG. PROVINGIAL
BANK
fizerpreted In-China)
General Banking Frouzlu sud Kinstolal Agante to The Prerinatal Goverment of Kwangtning Head Office Bukwas, kw.tytnag Province. Hongkong Branch -queen's sidg., Chater Ed. Cable Addresses- "PHOVINCIA 25" 2539, 2443. Telephones:
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHENA Correspondenta in New York and London.
N$10,000,000 Paid Up Capital
Reserve Capital. N$10,500,000.
AUYANG MANLY,
„Hongkong, Manager.
A Job?
Consur
WANT ADS
161
United Aircraft .....
47+
20+
United Airlines Trans
151
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
177
United Corpn.
2
18
United Corph.. $3 cum pf.
41
65
United Gas Corpn..........
11
Li Koon Chan, Bag.
237
United Gas Improvement
14)
134
US.. Industrual Alcohol
21
229
US, Rubber
351
23
US. Rubber 38 pfd.
113
161
US. Steel.
57"
88*
Vanadium
321
632
Walworth Co..
51
554
Warner Bros. Pict
37
Amoy
Kowloom.
301
Westinghouse Elec,
113
Sataris Bondary
Владов
Baigon
37*
Woodward Iron Cor...y
244**
Fagraska
891*
Chase National Bank
344*
Fiaskow Honolulu
New York Pariz
Bentle
National City Bank
Kobe
E