Previous close Today's close
'Buyers
12-15/16
12-13/18
MAY....
On Saigon:-
On demand.........
On Manila:-
On demand
On Bangkok:--
On demand ...
On Sterling Notes:-
Bar Silver per Of.......
Market Report
108 1/4
JULY-SEPT.
OCT.-DEC.
486/8
4
After ruling steady, the market became dull.
160 1/4
Bank Buying Rate....
1/3 11/16 20 3/8
The market was steady. Ameri can Silver was quoted at
34.3/4
for Bpot.
Close
11.14/14
U.S. Dollars. „
May July
10.91/93
-10.55/55
10.68/68
9.89/89
J
9.78/78
"
}
9.74/74
11.33 N
18.27/27
18.05/06
17.83/83
17:60/60
May
1024/1021
FROM ROZA BROS. Silver prices robe festerday to
Anaconda Copper
*** & 8 Ft. Atchison, Aubam Motors Baltimore & Ohio
Barber Asphalt Co. Barnsdan Oil Bendix Aviation
Bliss Co.
Borg-Warner NEW YORK RUBBER: Business today largely consisted of Boeing Airplane Co. Trade switching to distant months.
Bridgeport Brass Corp. Briggs. Mfg. Brooklyn-Mhattan Trans. 191 Brooklyn-Manhattan $8.843 NEW YORK STOCKS: Previous close.. 148.44: Today's close, Canadian Paciic R'way
CHICAGO WHEAT: There was less pressure on the market. On the local market, there is no change in sight, Terminal stocks the extent of 3/16 for Ready and the Bouth-West are decreasing liberally...
1/8 for Forward, the quotadions
being 20.3/8 for both deliveries 146.18; Change, off .26.
Suver advices reported Bears as
having covered to a small extent:
The London-New York cross-rate
NEW YORK COMMODITY MARKET
was quoted at 402.1/2. New York-New York Cotton, Mar. London was quoted at 395.3/8.
Market
Steady but quiet...
Sterling
There were sellers at 1/2.29/32 February and 1/2.7/8 March/June, buyers at 1/2.15/15 Cash and 1/2 29/32 March.
New York Rubber, Mar. Chicago Wheat, May Chicago Corn. May New York Hides, Mar. NEW YORK COTTON March
A small transaction was report-July New contract) ed at 24.9/18 for Cash. The mar-October
ket closed with sellers at 24.9/18 December ( Cash and 24.1/2 March, buyers at January 24.5/8 Cash and 24.9/16 first half Spot March
"Shanghai Dollars Sellers 359, buyers 359.1/2
Shanghai Market
Total sales Monday's 115,200 bäles.
First Notice Day for March Cotton-27/2-Last Notice Day-15/3 NEW YORK RUBBER
Opered with sellers at 49/64 March
and 6.13/16 and towards the close May sellers for Sterling were dubtes at July
4.5/32 and 0.8. Dollars at 6.27/32 September
December for Spot,
Shanghai Exchange ::.
Shanghal, Feb. 28 (Reuter).
Official T.T. Kates
Total Sales:-3,000 tons,
Case, J
Elec. Autolite....
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 Gen. Motors ----- CHICAGO WHEAT
12-9/18
12-7/16
12
11-15/16
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING" QUOTATIONS
FEBRUARY 28, 1940
On London:- "
Telegraphic Transfer. 13:16 Bank Bill, en demand 1/2 13.16 Credits 4 months' sight 1/3 1/8
On Shanghai¦—
On demand
On Singapore
360
PAYNE & CO.
COMMODITY BROKERS "STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
On demand
....... 52 1/8
On Japan:--
On demand
103
SINGAPORE RUBBER
On India:-
"Telegraphic Transter. 189 1/2
and demand
On New York:-
Bank Bills, on demand. 24/6/18 Credits, 60 days' sight 24/16/18
On Batavia:-
On demand
On Parla:-
APRIL-JUNE
JULY-SEPT,
NEW YORK, FEBRUARY 27, 1940. Previous February Closing Opening Closing Change Buyers Buyers 37-5/8 37-3/4 37-3/4 36-1/8 33-7/8 36
34-1/2 "94-5/8" 34-3/4
After ruling steady, the market became easier. LONDON RUBBER
...... 48 1/4
SPOT
APRIL
Bank Bills, on demand 1085
Credits 4 months' sight 1140
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S EKRVICE)
STOCKS
Last Sale
Feb 77
Adams Express
:78
Kannecott Copper
FEBRUARY 28, 1940
Last Sale STOCKS
--Feb, 27
37
Alleghany Steel Co.
221
Lakey Foundry & Mac. ....
+
Allied Stores
Libbey-Owens-Ford
Glass
191
Proprietors
$20,000,000
Alla Chalmers
38)
Lockheed Aircraft
901
Head Office:-HONG KONG
Aluminium Ltd.
Loew's Inc.
551
Amer. Can
116
Mack Truck Inc.
241*
American Cyanamid B.
387
Martin, Glen L
401
Board of Directors:, H. V. Wilkinson, Esq.,
Amer. & Foreign Power
118
McKesson & Robbins, pfd. "231*
Amer & Foreign $7 pf.
241
Monsanto Chemical
109
D. E. Landale, Esq.,
American Cras & Elec......
344
Montgomery Ward
541
Amer. Locomotive
19
National Aviation
12
up 1/8
Amer, Metals Co.
24
Nat, Dairy Products
17
3. E. Bousfeld, Esq., A. H. Compton, Esq.,
off 1/8
Amer. Radiator.
9
Nat, Distillers...
344
Hon. Mr. S. H. Dodwell,
off 1/6
Amer. Rolling Mill
147
National Gypsum
111
G. Miskia, Esq.
THURSDAY, FEBRUARY 29, 1940.
BANKS
'HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
20
INDIA, AUSTRALIA AND CHINA
Authorised Capital................. $50,000,000
14
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 183
Paid-Up Capital.......... Reserve Funda:
......£9,000,000 Sterling
£8,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Chairman.
Deputy Chairman.
prietor is
£3,000,000
£3,000,008
HEAD OFFICE: LONDON:
38, Bishopsgate E.C.2/ Sun-Areneles In London: 117/199, Leadenhall Street, EGL West End Branch:
14/16, Cookspur Street, S.W.1.
**Manchester Branch:
59, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES:
HARBIN
PENANG. HONG KONG KANGOON
ALOR STAR AMRITHAR
Amer. Eting and R'ing Co.
491
National Lead ....
E. S. Morrison, Esq.,
Amer. Sugar Refining
Nat, Power & Light
8
T. E. Pearce, ad..
ΜΑΧΟΣΟΥ FATATIA
ILOILO
BALGOR
TPOR
SEBULEBAN
"Chang!
Amer. Tel & Tel.
1711
National Steel Corp.
67}
Q. C. Roberts, Esq.,
BOMBAY
KARACHI
SHANGHAI
of 1/8
Amer. Tobacco ""
891
National Supply Corp.
Hon. Mr. A. L. Shields.....
off 1/8
Amer. Waterworks
919
New York Central
161
of 1/16
291
Niagara Hudson Power ...
3
224
N. American Aviation"....
241
11-3/B 11-1/16
11-5/16
of 1/18
Branches:
11
North American Co.
214
11
of 1/16
. 19
Northern Pacific
8
Amoy Ipoh
144*
Owens-Illinois Glass Co.
602
Bangkok Johore
23
NEW YORK COTION: There was f good volume of domestic advance, however. Trade purchases and some foreign buying. The attracted a decided increase in Southern selling and March liquida-Bethlehem Steel tion
Celanese
Chesapeake & Ohlo Chrysler Corpn.
Cimar-Molybdenum Co.
(REUTER'S SERVICE)
Opening
Closing
Corts Fatent Fire-Arms Prev. Today's
Columbla Gas & Elec... High Low Close Close Change Colümffa 8% "A" pt. 11.18 11.10 11,14 11.13 01 of Commercial Credit Co 18.22 18.10 18.27 18:10 17 öff
Com, & Southein (Ord.) 1037 1014 1027 102. 1 of
Consolidated Edison 561 581
561 561 off
Consolidated 011 13,76 13.48 13.59 13.01 .02 up Continental Can
Change Continental of.
11.17/18
11.13/13
.01 of
Copperweld Bizel
10.95/94
10.89/89
.02 0
Corn Products
10.58/57
10.53/54
.02 0.
Curtise Wright (C.)
:
10.71b/72a
· 10.67 N
31 on
Curtiss Wright "A"
.9.90/88. 9.76/76
· 9.81/83
.08 off
Deere & Ca. ...!
9.71 N
07 off
Distillers Corpn. Seagrams
9.72b/74a9:70/70
.04 of
Douglas Aircraft pi
Du Font de Nemours
11.26. N
.07
of
Eagle Picher Lead"....
Eaton Mfg. Co.....
17.70b/7Za 17.65/86
18.20/18 18.10/10 .17 oir 07 off 18.02/17.95 17.98/98 17.70b/75&
,08 of 17.77b/80a 17.77/77
+1
Elec. Bond & Share .............. Elec.. Bond & Share $5 pi. Elec. Bond & Share $5 pí Elec. Power & Light $7 pt. Fisk Rubber
17.60 N
.07 UP Flintkote
unich.
Gen. American Trans. Gen. Electric
Gen. Railway' Signal
102/1017
London
New York
Japan
0/4
July
1001/1001
100/1001
6-9/16
!September
100/100
102/1021* 991/991 991/990
3. off
Gen. Tire & Rubber Glidden Co; nay
of Goodrich (B.F.) 4 off Goodrich 15 pl. -
27-1/8
India
Paris
22-178
Monday's sales:~28,505,000 bushels.
Goodyear Tire & Co. Great Northem Iron Ore
2.94
CHICAGO CORN"
Great Northern Rly, pfd,
Hongkong
26-3/4
May
581,561 561/561
Sellers
:::
July
561/561
Spot
Feb.
Opening Closing
0/4-9/64
0/4-9/640/4-9/84
September
578/578
581/561 5636 57 B
1 off
Great Western Sugar
unch.
Greyhound Corpn.
unch."
Hercules Powder Co.
0/4-9/01
WINNIPEG WHEAT
Homestake Mining
Mar
0/4-3/32 0/4-3/33
May
881/881
89/881
July
591/891
U.S. Dollars
October
91/91
1881/881
991b 901/001
off
International Harvester ...
1 of
int Nickel
off
Int. Tel. & Tel
Spot
$6-13/16
$6-13/18
Johns-Manville
Feb.
Mar
6-13/16
......8-23/32
Market: Quiet.
Merchant Raten
Sterling, 0/4-1/8-
6-13/18
NEW YORK HIDES
K-23/32
March
June September
13.48/52 13.61/61 13.59/63
13.90/91 13.91/93 13.81/86
14.20/20 - 14.25/19 14.20/23
סט 02,
.01 off
unch
US Dollars, $6-3/4.
- Silver. Duty Rate
First notice day for March hides:-26/2/40 last trading day:-- "124/3/40.
་
The Central Bank of China's New York. Official..... 34-3/4
rate on London at 10 am today NY-London Cross Rate 3.95-3/8 was 1/2-1/24.
“The Equausation rate was đ
per cent.
India Rupee Paper
Bombay, Feb. 27 (Reuter). Govt. 31% Rupee, 92-12-0.
Calcutta Exchange
Calcutta, Feb. 27 (Reuter). T.T. on Japan, 80-1/8.
New York Exchange:
New York, Feb, 27 (Reuter). T.7, on London (Opening Rate), 3.95-178
LONDON METALS
·EXCHANGE London, Feb, 27 (Reuter). ouvers sellers
אדידי
3
Standard, Cash 254-1/2 254-3/4 Standard,
3 months 254-1/2 254-3/4
Standard
Bet ment Price 251-3/4:
Straits 167 279-1)
LONDON GOLD
London, Feb 27 (Reuter). Bar Gold, Fine per oz., 168,
34-3/4 3.95-3/8
Sinkiang Makes Big Strides In Reconstruction
CHUNGKING, Feb, 27 (Central)-Sinklang bas made big strides in reconstruction, according to a new arrival from that province.
After the completion of the first three-year plan, a second three-year plan has been initiated,
& Laughlin Steel $7 pfd. 581
1-ex, diri a DOW JONES AVERAGE
1938/40.
HIRL
Low Dow Jones Averages ∙156.99 191.41 30 Industrial
35.90 24.11 20 Finla
Feb. 28, 14844 30 63
$4.80.
་་
37.70 20.70 90 Utilities 32.99 84.51 40 Bonds
Feb. 28, 1940 High Low Close 147.10 145.90 148.17
30.80 30.58 30.83 24.83 74.75*24.50
Change .27 aff ünch. :10 oft 88.7008 off 59.23.01 off
Business Done ---510,000 shareS
88.76/20
05.67 45.59 11 Commodity Index 50.29
Foochow Manila
KAMBUÉG
Francisco BANKOW (Peking)
Sourabaya
Patani
Haiphong Muar Swatow Hamburg (Johore) Tientsin Bankow
Mukden Tokyo Harbin New York Tsingtao Iloilo Priping Yokohama
FORTION EXCHANGE and General Banking Business transacted.
CUSBENT ACCOUNT opened and FIXED DEPOSIT 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.. Bocal Currendy and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUSTE opened in LOCAL CURRENCY and FIXED DEFORIT feceived for one year or ihorter The Bank's Head Office in London periods in Local and other Cur undertakes Executor and Trustee rencies "on terms which will be business, and claims recovery of British Inconte Tax overpaid; on quoted on application.
terms" which may be ascertained at any of the Agenciee and Branchés.
R. A. CAMIDGE,
Manager.
Atso up to date Sare DEPOSIT Boxes in various sizes To LET 'Hong Kong, 28th February, 1940.
HONGKONG SÅVINGS
BANK
THE CHASE BANK
The Business of the above Hank 15, QUEEN'S ROAD, CENTRAL
is conducted by the HONGKONG
PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb., 1839.
Reserve and Undivided
Head Office:-HONG KONG“- No. 10 Des Voeux Road, Centrál.
Board of Directors:
Bir Shouson Chow, Chairman
Li Koon Chan, Esq,
P. K. Kwok, Esq.
Li Lan Bang, Esq.
Wong Oba Sony Bug.
Wong Tu Tong, Esq. Kan, Ting Po, Rag. Chan Ching Shok, Baq." Fung Ping Wah Esq - Kan Tong Po, Esq., Chief: Manager..
Li Ts Fong, Esq., Manager.
Branches and Agencies 2000'
Badphong Bankow
Stayspore Koticon London Bangtos Bourabaya
Swator
Bairon
Maboarne Bali Fran- ·Bydney - Nagaaks
aloo Tientsin
YKROPUTET
Senarstig
Palping ***Shanghal
HEAD OFFICE:
16, FINE STREET..
NEW YORK. An American Bank offering tom. plete Foreign Banking Service in the principal Markets of the world Interest Rates on Application.
SAFE DEPOSIT BOXES ·
This Bank is entirely owned by THE CHASE NATIONAL BANK, Nxw Toax, with Resources of ove U.S.$9,900,000,000.-
D. M. BIGGAE, “. Second Tice Pr
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AB AN.. INTERNATIONAL EXCHANGE
ZBANK A
PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER CHINA) Owing to our humerous Branches in China, and connect.ons in the principal Commercial Centres of the World, we are able to extend o our Clients special facilities for Domestic and Foreign Banking snd Exchange,
Head
KONGMOON TOISHAN
KINGCHOW
Omec:SHANGHAI *Hong Kong Branch: : Every description of Banking and
4, QUEEN'S BOAD, C. Exchange busineka tradideted. Loane granted on approved becurities.
South China Officia!" Current Accounts opened in Local.
CANTON Currency and Fixed Deposita r SWATOW ceived for one year or shorter periods in Local and Foreign Out
We also handle the issue of Bonds rencies on terms which will be quoted on application.
and other Public Funds of the SATE DEPOSIT BOXES TO L
Chinese Government both at Home, KAN TONG PO, and Abroad. «
SHOU J. CHEN,S Chief Manager.
Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
~To heighten the cultural level for the current year have been made social education is energetically fixed at over $40,000,000, promoted. Educational expenses
LONDON SILVER
MINING INDUSTRY
In reconstruction agriculture SILVER MARKET and animal husbandry are em- phasised Efforts are also exerted London, Feb. 27 (Reuter). in industrial development; es- Biver Little bear covering, pecially mining. There are many Offerings small. Market steady sold fines' in Stiklang, while coal
in the afternoon, the market was and iron deposits are also abun- quietly steady.
Spot, 20-378d,
Forward. 20-3/8d.
NEW YORK SILVER "New York, Feb. 27" (Reuter). Silver. Oficial, 34-3/4
BOMBAT SILVER
Bombay, Feb. 27 (Reuter). Market Steady. Offfake 50 bars. Indian Mint Silver
Ready
Nar, 4 Settlement
Apr, 3 Settlement
57-07
dant,"
Mechanical farming devices have been introduced, and publle land has been assigned to poor farmers,
1,
BANK LOANS
Legal tender notes and notes fasued by the Sinkiang Commer- ein Bank are used in the pro vince. The aforesaid bank has ex- tended loans amounting to over
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particulars
please apply tom
JARDINE MATHESON&Co., LT
55-07 $23,000,000 for reconstructive and NONEROJILL GENERALMANAGERS
56-11
productive purposes,
SHIUCHOW
THE' KWANGTUNG PROVINCIAL
.... BANKA (Incorporated! In "bina)
General Banking Vasilitis and Vinancial Agent bo The Prorledal Governant of Xwangthing Head Off-Bajukwaa, kwanyiang Provinos Hongkong Branch nem's by Chater Ed. Cable AddressPROVINCIAL" 2839, 9453. Telephones
20112, 20113, 20143, 20181, $1881. BRANCHES THROUGHOUT. SOUTH CHINA Correspondente la New York and London Paid Up Capital ... N$10,000,000. Beserve Capital N$10,500,000.
AUYANG MEMLY,
Hongkong ManaKET, VA
A Job?
WANT
AD
1.
11
Pacific Gas & Mec
34
Batavia
Кове
Penang. Rangoon Saigon
Sir Vandeleur M. Grayburn,
Chief Manager"
CALCUTTA KLANG LOKNOTES: KON OLITE BTEXT EMBUN PRADE
KUALA
LUMPUR
KUCHING MADRAS MANILA
HOURABAYA
TAIPING TIENTSIN TONGKAN
SINGAPOR
41TIAWAN
CARTON CAWNPORN
CIBU
COLOMBO
(Bhuket)
DELHI
MEDAN
TSINGTAO
HAIPHONG
32)
Pacific Lighting
47-
Bombay
Kowloon
San
NEW YORK FRIPING
YOKOHAMA
Calqutta
Kuala
751
Packard Motors
Canton
Lumpur Shanghai
13
Paramount Pictures
Chefoo
London
Singapore
Pennsylvania R.R.
Colombo
Lyons
221
Phelps-Dodge
37%
Dairen
Malacca Sungei
102
Phillips Petroleum
204
Pittsburg. Coke & Iron
Public Service of NJ,
421
Pullman Inc.
267
51
Pufe Oll
81
TO
Radio Corpn. of Am, .....
51
28
Reading Company, Com
151
301
"Reading Company, ist pfd
253
83
Remington Arms Co., Inc.
38
Republic Aviation Corp.....
79 *
Republic Steel.
201
Revere Cop. & Brass Ind.
121
91
Reynald Tobac. "B"
411
481
Richfield of
7.
11
།
Safeway Stores
481
31ł
Schehley Distillers
124
71
Bears Roebuck
Shell Union oll
11:
235
Socony-Vacunum Oil
11
-15 *.
Southern Packe
121
83
Southern Rly $5 pfd.
281
101
Sperry an
44
& SHANGHAI BANKING COR-
287
Spicer Manufacturing Co.
34
201
Standard Branda
191
Stand Gas & Elec.
82
Standard Oil of California
1838
Standard Oll of NJ.
101*
Stone & Webster
10
314
Studebaker Cont
114
38:
Swift International
311
67
Technicolor
58
Terus Corpn
671
Texes, Gulf Sulphur
BANK OF EAST ASIA, LIMITED
28#
Timken-Axle,
m
221
15
Trans-America Co.
Authorised Capital......$10,000,000.00
199
Paid-Up Capital
20th Cent. Fez gang
52+
20th Cent. Fox, $14 pf......
381
Union Carbide & Carbon
Profita
5,898,800.00
2,883,939.01
521
Union, Pacific
$5
181
United Aircraft "fungul
47
204
United Airlines Trans ......
151
17
United Corpn
19
United Corpn. $3 cum pf.
68.
United Gas Corpo
231
United Gasmprovement
14.
13
US Industrual Alcohol.
211
224
UB Rubber
36
277
UB, Rubber $8 pfd.
1124
164
UB. Steel
pomadkastiet
572
881
Vanadium
324
53)
Walworth Co. 'SA-PORT
Amay
551
Warner Bros. Pict
· Fombar
361
Westinghouse Elec,
112.
31
Woodward Iron Cor..
241
604*
Chase National Bank National City Bank
341*
Homolala
Kabe
291*
---bid.