340
52 1/2
103
SINGAPORE RUBBER
SPOT
APRIL-JUNE
Bank Bills, on demand 34/5/16, Credits, 60 days sight #1/15/18
JULY-SEPT
Closing Opening Closing Change Buyers Buyers
57-3/4 37-3/437-5/8
35-3/4 36-1/8 35-7/8 34-1/2 34-3/8 34-3/4
On Batavia:-
On demand...............
45 1/4
The market was steady but quiet. LONDON RUBBER
Previous close Today's close
Buyers
On Paris:-
||
БРОТ
ווי
48 5/8
On demand
* 100, 2/4
On Sterling Note:-
Bank Buying Rate
Bar Silver per ox
1/8 11/16 30 7/18
NEW YORK
F
New York Cotten, 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
)
บ
"May
July
September
May
July
September .......
WINNIPEG WHEAT
Shanghai Dollars
May
Jály
Dollars 8.25/32
NEW YORK RIDES
March
June
September
14
Bank Bills, on demand 1083
Credits 4 months sight 1:40
On Saigon:-
On "demand
On Manila:-
On demand
On Bangkok:-"
Market Report.
FROM ROZA BROS.
APRIL
MAY 108 1/4 JULY-SEPT.
OCT."-DEC.
Sliver prices rose 1/16 yesterday for both deliveries, the quotations being 20.7/16 for both Ready and Forward. Siver advices reported steady. as being the market There was a Httle general buying. dona was small business A American Silver was quoted at 34.3/4 for Spot.
The London-New York Cross- rate was quoted at 4021/2. New York-London was quoted at 394. 3/4.
Dull,
Market
Sterling Business was reported at 1/2, 29/32 for near and 1/27/8 June. The market closed at lunch time with sellers at 1/2.7/8 March/June, buyers at 1/2.29/33. March.
U.S. Dollars
A small transaction was report- ed at 24.1/2 for Cash. The mar ket closed at lunch time with sellors at 24.7/16 March, buyers at 24.9/16 Cash and 24.1/2 March.
Shanghai Dollars
Were offered at 359 early in the morning resulting in some busi ness at 360. The market closed at lutch time with sellers at 982 for Spot.
Shanghal Market Sterling opened at 4.1/8 sellers for Spot and closed a shade easier at 4.7/64 for Spot. U.S. Dollars were quoted at the opening at 6.25/32 and closed at noon at 6.374 sellers for Spot.
AFTERNOON MARKET The market was quiet in the afternoon.
Sterling
The market closed with "zel- lers at 1/2.7/8 March-June, buyers at 1/2.29/32 March
U.S. Dollars
Bellers at 24.7/16 March and 24. 5/16 first half May, buyers at 24.
9/16 Cash and 24.1/2 March.
363 sellcra.
Shanghai Market
"The market was dull and
NEW YORK COTTON: The market showed remarkable absorb- tive powers. Southern selling and realizing was quite active but offerings were largely taken at the decline...
featureless in the absence of demand.
automobile
NEW YORK RUBBER: Optimistic estimates on sales stimulated general buying and covering which absorbed heavy March liquidation. The market is broadening.
of Manitoba
CHICAGO WHEAT: Reports of heavy exports wheat and the absence of moisture in the South-West stimulated a newal of buying which found limited offerings
NEW YORK STOCKS: Previous close. 148.18; Today's close, 146.55: Change, up 38,
Spot
COMMODITY MARKET (REUTER'S SERVICE)
Total sales Tuesday's 131,900 bales. Last notice day for March cotton:--15/3/40. NEW YORK RUBBER March May.
July September December
Total Sales:-4,110 tons..
First notice day for March rubber:-28/2/40 last trading day:- 27/3/40. CHICAGO WHEAT
Tuesday's sales:-31,397,000 bushels. CHICAGO CORN
41/8 sellers for Sterling and US October
Shanghai Exchange
Shanghai, Feb. 20 (Reuter).
Bendix Aviation
Bliss Co.
12-13/18
12-5/8
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 29
On London:-
Telegraphic
1940
Transfer. 1/8 13/16 Bank Bills, on demand 1/2 13/16 Credits 4 months' zight 1/31/8 On Shanghai:-
..
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:-
8 8 8 8 8 8 8
Telegraphic Transfer.az 1/R
and demand
On New York:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)*
NEW YORK, FEBRUARY 28, 1940. Previous February. 28.
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION ·
(REUTER'S SERVICE)
FEB. 29, 1940 STOCKS
Kennecota Copper Lakey Foundry & Mac.
++
FRIDAY, MARCH 1, 1940..
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
41
-BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA"
Authorised Capitali...... $50,000,000
Last Sale
Last Sale
Feb 28
Feb 28
71
371
Alleghany Steel Co.
Reserve Liability of
Issued, & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 188s
Reserve Funda:
Paid-Up Capital Sterling £6,500,000 Reserve Fund H.K. Currency Retorre $10,000,000 Reserve Liability of Pro-
.£3,000,000
£3,000,000
22
prietors
£3,000,000
Allied Stores
81
Libbey-Owens-Ford
Gings
50%
Proprietors
$90,000,000
HEAD OFFICE: LONDON: "
Allis Chalmers
961
Lockheed Aircraft
304
Head Office:-HONG KONG
Aluminium Ltd. ............
1011
Loew's Inc.
354
Amer, Can
1151
Mack Truck Inc.
241
Board of Directors:
American Cyanamid H
381
Martin, Glen L.
403
H. V. Wilkinson, Esq.,
Amer. & Foreign Power
It
McKesson & Robbins, pfd.
231*
Amer & Foreign $7 pf.
24*
Monsanto Chemical
1071
D.F. Landale, Esq.,
American Gas & Elec.
341
Montgomery Ward
54
Amer. Locomotive
18
National Aviation
113
unch. up 1/4 up 174
Amer, Metals Co.
24
Nat, Dairy Products
17
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Amer. Radiator
Nat Distillers
244
Hon. Mr. 8. H. Dodwell,
Amer. Rolling Mill
151
National Gyparm
111
G. Miskin, Esq.,
Amer, S'ting and Ring Co.
487
National Lead
211
K. 8. Morrison. Esq.,
Amer. Sugar Refining
211
Nat. Power & Light
71
T. E. Pearce, Esq.,
Chairman.
Deputy Chairmak.
38, Bishopsgata. E.Ü.2. ·
Sub-Agencies In London:
-117/19, Leadenhall Street, E.03. West End Branch:
14/18, Cockapur Street, S.W.1. Manchester Branch: 52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARMIN PENANG HONG KONG' LANGOON
ALOR STAR AMBITRAR
BANGKOK MATAVIA
Amer. Tel, & Tel.
17
National Steel Corp.
C. O. Roberts, Baq-,
BOMBAY
671
Change
Amer. Tobacco "B"
Hon. Mr. "A, L. Shields,
897
National Supply Corp.
83
off 3/18
Amer. Waterworks
New York Central
161
12-7/16
12-5/16
of 1/8
Anaconda Copper
291
Niagara Hudson Power
51
11-15/16
11-13/16
off 1/8
Atchison, T. &‹8. Fe
23
N. American Aviation ...........
241
11-5/16
11-3/10
of 18
Auburn, Motors
14
North American Co.
211
11
10-15/10
off 1718
Baltimore & Ohio
51
Northern Pacific
81
Amoy
Branchest Ipob
Sir Vandeleur M. Grayburn,
Chief Maslager.
GALOUTTA
ALANG
AGENCIES: KOBE
CLAVE STAT KUALA FATALIE PLACH
CANTON
CAWNPORS
KUCHING.
ILOILO
BAIGON
IPOE
SEREMBAN
KARACHI
SHANGRAT
SINGAPORE
BITIAWAN
SOURABAYA
LUMPUR
TAIPING
TIENTSIN
CKAU
MADRAS
TONGKAR
Barber AssBelt Ca
142
Owens-linols Glass Co.
601
Bangkok Johore
Barnsdall Ou
107
Pacific Gas & Elec
341
Batavia
Kobe
Penang Rangoon Saigon
COLOMBO
MANILA
(Bhuket)
DILAI
MEDAN
IRINGTRO
HAIPHONG
NEW YORK
ГОЛОНАМА
Bethlehem Steel
Boeing Airplane Co.
Borg-Warner
Bridgeport Brass Corp. Briggs Mfg. ....
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $6....
Canadian Pacific R'way ...
Case, JI
Celanese
Chesapeake & Ohio
Chrysler Corpn.
Climax-Malybdenum Co.
Colts Patent Fire-Arms
Low High
Prev. Today's
Close
Columbia Gas & Elec.
Close Change
Columbla 6%. "A" pt.
11.15
11.10 11.13
11.10 .03 off
Commercial Credit Co.
18.15
18.00.18.10
18.15
.05 up
Com, & Southern (Ord)"
1031
1021
102
1031
14 up
57
562
561
501
up
13.71
13.60
13.61
13.64N 03 up
Consolidated Edison Consolidated ou Continental Can Continental où
Close
Opening
Closing
Change
I
Copperweld Steel
-11.13/13
11.14/14
11.10/10
.03 off
Corn Products
10.89/89
ין
10.91/91 10.86/86
03 off
Curtiss Wright (C)
10.53/54
10.56/55
10.50/51
..03 off
Curtles Wright "A"
10.67 N
10.67 B
10.64 N
03 off
Deere & Co.
9.81/83
9.87/87
9.83/83
.02 up
Distillers Corpn. Seagrams
9.71 N
9.76/76
9,70 N
01 off
Douglas Aircraft
9.70/70
9.71/71
9.57 N
.03 of
Du Pont de Nemours
11.26 N
11.23 N
.03 off
Eagle Picher Lead
Eaton Mig. Co.
Elec, Autolite ..
Elec. Bond & Share
Elec. Band & 6hare. 38 pf. 677
18.10/10
17.98798
18.00/00 17.95/98
17.77b/80a
17.77/77
17.60 N
18.15/15 18.05/05 17.80b/83a 17.93b/95a 17.73b/74a. 17.78b/82a
17.65 N
.00 up
Elec. Power & Light $7 pl.
.07 up Fisk Rubber
.36 up
Fiintkote
.01% up
Gen. American Trans.
05 up
Gen. Electric
Gen. Motors
Gen. Railway Signal
Gen. Tire & Rubber
Glidden Co.
Goodrich (B.F.) .......
Goodrich $5 pi.
1023/1031 102/1021 991/992' 1004/101+ 994/991
103@/103) 1013/1011 1012/1014
14 up
Goodyear Tire & Co.
12 up 17 up
Great Northern Iron Ore...
Great Northern Rly, pfd.
Great. Western Bugar
Greyhound Corpn. *....
Hercules Powder Co.
561/561- 5612
563/56+
57 B
561/57 574/571 58/58
up
Homestaks Mining
up
International Harvester
up
Int Nickel
Int. Tel, & Tel
Johns-Manville
881/881 891B 901/901
891/891
891/891 901/901 91 3
up
J. & Laughlin Steel $7 pfd. 584*
† up
up
13.01/61
13.90/91
13.60/63 13.92b/95a 14.22/26 14.20/20
13.64 N
.03 up
**1839/40
13.96/97 14.23/25
OS UP .03 up
155.99 191.41 20 Industriale.
""
"Official T.T. Rates"
London
0/4
New York, Official
34-3/4
New York
6-9/18
NY-London Cross Rate 3.95-3/8
Japan
27-7/8
India
22-1/8
9.94
26-3/4
SILVER MARKET
Sellers
Opening
25.00 94:14 30 Rails
21.70 20.70 20 Utilis
31.22 84.51 40 Bonda
Paris Hongkong
Closing
0/4-9/84 0/4-1/8 -
.."0/4-9/64 0/4-3/84
Last trading day for March hides:-24/3/40.-
LONDON BILVER
34-3/4 3.94-3/4
LONDON METALS
EXCHANGE. London, Feb. 28 (Reuter)..
London, Feb. 28 (Reuter). Silver: Market quietly steady, with little general buying, but few offerings. Business small In the afternoon, after small business at Standara, Casa 252
market 1/18 over, the
closed Standard, steady with buyers at the rate and 0-5/8
sellers reserved. 6-1/2
Spot
Feb.
Mar.
0/4-3/32 0/4
U.S. Bollars
Spot
$6-13/18
$0-3/4
Treb
0-19/10
Mar.......
6-23/32
Market:-Easy.
Merchant Rates
Sterling, 0/4-3/32. US. Dollars, $8-11/16.
India Rupee Paper
Bombay, Feb, 28 (Reuter). Government 31% Rupee, 65-02-0 nominal.
Calcutta Exchange
Calcutta, Feb. 23 (Reuter).
TT. on Japan, 80-1/B.
New York Exchange
New York, Feb, 28 (Reuter).. TT on London (Opening Rate).
Spot, 20-7/16d.
Forward, 20-7/18d.
NEW YORK SILVER
New York, Feb, 28 (Reuter), Silver, Oficial, 34-3/4.
BOMBAY SILVER Bombay, Feb 28 (Reuter). Market-Steady.. Offtake 100 bars, Indian Mint »Silver
Ready Mar. 4. Bettlement
Apr. 3 Settlement.
sellers
57.
Francisco HANKOW
Sourabaya
Hamburg (Johore) Tientsin
Tokyo Tsingtao Peiping Yokohama
CLBKENT Accounts opened in
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted:
CURRENT Accounts opened and FIXED DEPOSITS received for One Year aborter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Starling with .. interest allowed at rates obtainable
LOCAL CURRENCY and FIXED DEPOSIT on application.
The Bank's Head Office in London received for one year or shorter periods in Local and other Qur-undertakes Executor and Trustee rencies on 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
any of the Agencies and Branches. Boxes in various sizes To Lar
R A CAMIDGE,
Manager.
BANK
THE CHASE BANK.
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
For the HONGKONG & SHANGHAI BANKING CORPOŻATION.
T. M. GRAYBURN,
Chief Manager. Hong Kong, 26th Feb., 1839.
Authorised Capital......$10,000,000.00 | Paid-Up Capital ********* 5,588,000.00 Reserve and Undivided
Bit. Shonson Chow, Chairman,
Lloon Chan, Eng.
Li Lan Sung, Esq. P. E. Kwok, Eng. Wong Chu Sos, Esq. Wong Yun Tong, Esq. Kan Ying Po, Fag. Chan Ching Shot, Esq. Fang Ping, Wah Lag Kan Tong Po, Esq., Christ Manager. Li The Fong, Esq., Manager.
Branches and Agencias 2---
Torlon Peuang Londen Hangos Man
Bingsporu Sourabaya
Balroa Bwakow
Halbourne Bax Fran, Bydney Nagasaks Cisco Mantin Her York Beattie Paris Bemarang
.Peptox .. Shangha
18, PINE STELET,
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
THE CHASE NATIONAL BANI Nrw Four, with Besources of orij 1.8.$3,900,000,000.
D. M. BIGGAR,
Second Vice Pro
"BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (BHASCHEB ALL OVER CHINA)
D
Owing to our numerous Branebes in China and connections in the principal Commercial Centres of " the World, we are able to extend to our Clienti special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI,
Hong Kong Branch:
4, QUÉEN'S BOAD, C. Bouth China Offices:
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Locs! Currency and Fixed Deposita to SWATOW
CANTON
KONGMOCN TOISHAN
Deived for one year or shorter BELUCHOWKINGCHOW periods in Local and Foreign Cur 39 up
ranciex on terms which will be .10 off
quoted on application. .09 ap
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
"Chief Manager
58.76.05 ap 59.45 -570,000 ahareM
INDO-CHINA
STEAM NAVIGATION COMPANY ITE
Duyers
TIN
E
252-1/4
-252-1/4
TO
3 months 252 Standard, Set'ment Price 252-1/4 Straits
277-1/4
RESERVE BANK OF INDIA STATEMENT Calcinta, Feb. 28 (Reuter),
Feb. 14 Feb. 21 Notes in circulation
(including Noten held in the Bank- ing Department)... 25,488 25,456
58-07
67-12
57-15
Rupee Coin and Bul-
lion in India
5,850 5,829
Gold Colit and Bul-
4.154
LONDON GOLD
London, Teb. 28 (Reuter). Bar Gold, Fine per oz., 188.
Hon. In India: 4,154 Securities (Indian ..."
Government) 3,835 3,835 Becaritles
Brith
Government) 11,350 11,250
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUÍTA
SANDAKAN.
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession" at Bhanghai, where passengers and cargo are landed.
For further particulari
please apply to
JARDINE MATHIE
EPHONECZORIEIGENE
NAGERS
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 KWANGTUNG PROVINCIAL
BANK
(locorpsed in his!
General Banking Frailities sod Vinascial Agents to The Provincial Governant of waarlang Head Of Ship¥wka, KWängtang Province Hongkong Brasch-Gear's Bldg., 3 Cluster 126, Cable Addresses-"PROVINCIAL” ZING, SH48... Telephones?»
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA - Correpondents in New York sud London Pald Up Capital ...... N$10,000,000. Reserve Capital. N$10,500,000.
AUYANG MANLY,
Hongkong Manager.
A Job?
WANT ADS
314
Pacific Lighting
471
Bombay Calcutta
Kowloon
San
HINSVEG
PRIPING
Kuala
751
Packard Motors
3*
Cantoo
Lumpur Shanghai
134
Paramount Pictures
78
Chefoo
London
Singapore
231
Pennsylvania R.R.
221
· Colombo
Lyons
221
Phelps-Dodge,
38
Dairen
Malacca Sungai
101
Phillips Petroleum
38
Foochow
Manila
20+
Pittsburg Coke & Iron
71*.
Haiphong Muar
Patani Swatow
191
Public Service of N.J.
421
Bankow Mukden
84*
Pullman Inc.
287
Harbin
New York
51
Pure Ol
a2
flaila
€64*
Radio Carpa, of Am
51
281
Reading Company,"
Com
16*
395
Reading Company, 1st pfd
251*
834
Remington Arms Co., Inc.
43*
37
Republic Aviation Corp.
54*
791*
Republic Steel
201
Revere Cop. & Brass Inc.
12)
881
Reynald Tobac. "B"
411
461
Richfield Of
7
Hong Kong, 28th February, 1940.
1
Safeway Stores
491
311
Schenley. Distillers
124
71
Sears Roebuck
841
HONGKONG SAVINGS
467.
Shell Union of......
11
231
Socony-Vacunuch Oil
151 Southern Pacific
127
63
Southern Rly $5 pfd.
28}}
is conducted by the HONGKONG
107
Sperry
441
& BHANGHAI BANKING COR
HEAD OFFICE:
29
Spicer Manufacturing Co.
24
PORATION. Buies may be obtain-
211
Standard Brands
61
ed on application.
191
Stand Gas & Hec.
17
83
Standard Oil of California
231
184)
Standard Où of NJ,
434
101
Stone & Webster
101
31
Studebaker Com,
114
389
Swift International
314
Elec. Bond & Share $5 pf." 753*
Technicolor
Texas Corpn.
Texes Gulf Sulphur
Timken-Arle........
61
154
443
347
BANK OF EAST ASIA, LIMITED
201
151
Trans-America Co.
51
191
20th Cent. Fox.
· 112
614
20th Cent. Fox, $14 pf.
231*
# 372
Union Carbide "& Carbon
821
Profita
521
Union Pacific
941*
17
United Aircraft
·471
201
United Airlines Trans
151
* £,883,333.01 Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
171
United Corpn.
21
Board of Directors:
191
United Corpn. 53 cum pf.
41
United Gas Corpn.
11
231
United Gas Improvement
14
13+
U.S., Industrual Alcohol.
211
231
U.S. Rubber
36
271*
UB: Rubber 38 pið,
1138
168
UB. Steel
574
"881
Vanadium
344
931
Walworth Co.
54
AIDY
55+
Warner Bros. Pict.
3#
BORDORY
Westinghouse Elec.
1121
31
Woodward Iron Cor
241
70
Chake National Bank .....
Haiphong Bankow Honolulu
National City Bank
*bid.
ex, dir.
DOW JONES AVERAGE
High Low Dow Jones Averagón Feb. 17,
140.17 30 63 24.80 88.70
Feb. 29, 1940, High Low Close 147.18 148.07. 148.58
30.81 30.43 30.531 24 35 24.76 24.89
Chango
V
85.67-45,59—11-ommodity Index 68.28
28. ap
Business Done
2.