350
On demand
52 1/2
On Japan:
SINGAPORE RUBBER
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
·MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 4 198
On London:
Telegraphic Transfer. 1/2 13/16 Bank Bills, en demand 1/8 13/16 Credits 4 months' sight 1/3 1/8
On Shanghai:-
On demand
On Singapore:--
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW (FROM PAYNE & CO.
NEW YORK MARCH 2. 1940, Previous March 2
NEW YORK STOCK EXCHANGE
ייד
QUOTATION
(REUTER'S SERVICE)
STOCKS
Last Sale
MARCH 3, 1940 STOCKS
Mar, 2
Last Sale Mar. 2
Adams Express Alleghany Steel Co Allled Stores...
73
Lakey Foundry & Mac.
211
Libbey-Owens-Ford
Glass 48
8
Lockheed Aircraft
291
$90,000,000
TUESDAY, MARCH (5, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... 850,000,000
INDIA, AUSTRALIA
AND CHINA
Isaued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 189
Reserve Funds:
Paid-Up Capital .....£8,500,000 Reserve Fund
Sterling
£3,000,000
£3,000,000
£3,000,000
HEAD OFFICE: LONDON:
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors.... Proprietors...
Allis Chalmers
361**
Loew's Inc.
35
Aluminium Ltd. Amer. Can
109
Lott Incorperated
30
1143*
Mack Truck Inc......
25
American Cyanamid B.
361
Martin, Glen L.
401
H. V. Wilkinson, Esq.,
Amer. & Foreign Power
1+
McKesson & Robbins, pfd. 243*
Head Office: HONG KONG
Board of Directors: ...
Chairman.
Amer & Foreign $7 pt.
22
Monsanto Chemical
1504*
D. F. Landale, Esq.,
On demand
102 1/2
On India:-
Telegraphic Transfer.'
82 1/8
4J
and demand
SPOT APRIL-JUNE
On New York:-
JULY-SEPT.
Closing Opening Closing Change Buyers Buyers 38-1/8 38-1/8 38-1/8. unch.
36-1/4 36-1/4
38-3/8 34-7/8 34-7/8 34-7/8
American Gus & Mec.
34
Montgomery Ward.
54+
Amer. Locomotive
191
National Aviation -
J. K. Bousfield, Esq.,
Amer. Metals Co.***
Nat, Dairy Products
124
A. H. Compton; Esq.,
up 1/8 unch.
Amer. Radiator
91
Nat, Distillers
2241
Hon. Mr. S. H. Dodwell,
Amer. Rolling Mili
151
National Gypsum
102
G. Miskin, Esq.,
Deputy Chairman.
38; Bishopsgata E.0.1. Sub-Agencles In London: 117/199, Leadenball Street, EOL West End Branch: 14/16, Cockapur Street, 8.W.1.
Manchester Branch:"
32, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES: »
ALOE STAR HARRIN
PENAKG AMBITBAR TONG TONG BANGOON
Bank Bills, on demand 24 3/16 Credits, 60 days' sight 24 13/16
Amer, S'ting and Ring Co. 483
The market was steady. LONDON RUBBER.
National, Lead
21
K. S. Morrison, Esq.,
Amer, Sugar Refining
21
|Nat, Power & Light
71
T. E. Pearce, Esq.,
Previous close Today's close
Amer. Tel & Tel. ...
1724
National Steel Corp.
06
0. C. Roberts, Esq.,
"On Batavia
On demand
On Paris:.
#!
Buyers
46 1/8
Buyers
Change
Amer. Tobacco "B"
85
National Supply Corp.
81
Hon. Mr. A. L. Shielda,
Bank Bills, on demand 1085 Credits 4 months' sight 110
On Saigon
On. demand
............... 108 1/4
JULY-SEPT.
On Manila:-
OCT.-DEC.
On demand
48.3/8
On Bangkok:-
On Sterling Notes:-
Bank Buying Rate
1/4
Bar Silver por 02
90 3/18
SPOT APRIL MAY JUNE
12-7/16
Amer. Waterworks
Fo
New York Central
101
Sir Vandeleur M. Grayburn,
12-1/4
Anaconda Copper
283
Niagara Eudson Power
51
Chief Manager. FAIRLIN PLON
11-13/16
Atchison, T. & 8. Fe.
224
N. American Aviation
241
11-5/18
CLOSED
Auburn Motors
11.
North American Co, Tina
201
11-1/4
Baltimore & Ohio
5
| Northerri Pacific
Amoy
Branches: Ipob
CANTON CAWNPORE
CHIU
10-15/16
Barber Asphalt Co.
141
Owens-Illinois Glass Co.
601
Bangkok Johore
Market
New York Cotton, May
& May to July
July (New contract) October
September
December
On demand 150 1/4
Market Report ..
FROM ROZA BROS.
were unchanged Silver prices over the week-end, the, quotations remaining at 20.3/16 for Ready and 20.1/4 for Forward, American Sver was quoted at 343/4 for Spot.
The London-New York cross- rate was quoted at 402,1/2. New York-London was "quoted a 392. 718.
NEW YORK COTION:
Narrow and rather reactionary.
Trade bought on the scale down but purchases were insufficient to absorb offerings which originated abroad. Sentiment was quite
mixed.
NEW YORK RUBBER: The scarcity of near shipment offerings strengths the belleve of a tight spot situation in the East result- ing from an over sold position and possible losses in transportation. total 600,000 Akron estimates are that domestic consumption will tons during the present year as against about 579,000 tons in 1939 and 437,000 tons in 1938.
Bendix Aviation Bethlehem Steel Bliss & Co.
Boeing Airplane Co.
CHICAGO WHEAT: Early local pressure on scattered rains in
There was a fair rallyCelanese the South-West caused an oversold market. later" on short-covering and light offerings.
NEW YORK STOCKS: 148.33: Change, up 10.
Previous close, 148.23: Today's close, Chrysler Corpn.
NEW YORK COMMODITY MARKET
As usual these days the market| New York Rubber, May was very quiet.
Sterling There were selling indications at the opening at 1/2.29/32 with buyers expecting 1/2.15/18. The latter's ideas were lowered fraction to 1/2.29/32 leading
Chicago Wheat, May Chicago Corn. May New York Hides, June NEW YORK COTTON March
a couple of transactions at this rate for Cash' and 1/27/8 July. At tiffin time there were sellers December ( at 1/27/8 March/June; possibly January July and likely buyers at 1/2.29/32 Spot for Cash.
Total sales Friday: 88,000 bales." Last notice day for March cotton:-15/3/40. NEW YORK KÜBBER '«
U.S. Dollars Were quoted at 24.3/16 and 24. 7/16 sellers and buyers respective- Ileading to a small transaction March at 24.3/8 for Cash, At lunch May hour 34.3/8 was on affer with July buyers at 247/18.
The
Barnsdall 01
11.
Pacific Gas & Elec
334
Batavia
Kobe
Penang Rangoon Saigon
COLOMBO
DELHI
BANGIOI BATAVIA
ILOILO
SAIGON
BOMBAY
1POK KARACHI
BEREMBAN
SHANGHAI
CALCUTTA
AGENCIES: CLAVE STREET
ELANG хови KUALA
SINGAPORN
SITIAWAN
SOURABAYA
LUMPUR
TAIPING
KUCHING
MADRAS
MANILA
XIBAN
TIENTSIN
TONGKAR
(Bhuket)
TSINGTAO.
32
Pacific Lighting
47
Bombay
Kowloon
San
Calcutta
Kuala
751
Packard Motors...
Francisco
31
Canton
13"
Lumpur Shanghai
Pan-American Airways
...
171
Chatoo
23
Paramount Pictures
74
Borg-Warner
221
Pennsylvania RR
2:2
Bridgeport Brass Corp. Briggs Mfg.
11
Phelps-Dodge
373"
201
Phillips Petroleum
362
Haiphong Muar
Patani
Swatow
Brooklyn M'hattan Trans. Brooklyn-Manhattan $8...
194
Pittsburg Coke & Iron
*31*
841*
Public Service of N.J.
40吋
Cariadian Pacife R'way Case, JI
Pullman Inc.
20.
Iloilo
48*
Pure Oil
81
28)
Radio Corpn. of Am.
Chesapeake & Ohio
39
Reading Company,
Com
84
Reading Company, 1st pfd
141 251*
Climax-Molybdenum Co. Colts Patent Fire-Arms... Columbia Gas & Elec.
371
Remington Arms Co., Inc.
41*
·791*
Republie Aviation Corp.
51
51
Republic Steel
201
Columbia 6% "A" DÍ. ......
87
Revere Cop. & Brass Inc. ...
12
Commercial Credit Co.
48
Reynold Tobac. "B"
411
(REUTER'S SERVICE)
..
Cam, & Southern (Ord.)...
Hong Kong, 28th February, 1940.
1
Richfeld Ou
7+
High Low 10.69 10.63 18.42 18.25
3
1001 992
357. 661 14.13 14.05 14.02 14.05
Prev. Today's
Close Close 10.72 10.63 18.18 19.40
1001
Consolidated Edison
302
Safeway Stores
49
Change
Consolidated Ou
71
Schenley Distillers
12
HONGKONG SAVINGS
.09 off
Continental Can
40
Sears Roebuck
84
22 up
Continental Of
224
Shell Union 01
11
100 50+ 56
up Copperweld Steel
15*
Socony-Vacunum Oll
111
up
Corn Products
614
Bouthern Pacific
121
,03 up
Curtiss Wright (C)
101
is conducted by the HONGKONG
Bouthern Rly $5 pfd.
277
Curtiss Wright “A”
281
Close "
Opening
Closing
Change
Sperry
Deere & Co.
201
Spicer Manufacturing Co.
331*
19.94/94
10.91/91
10.85/86
.09 off
Distillers Corpn. Seagrams
187
Standard Brands
7
10,72/72
10.88/68
10.63/63
09 of
Douglas Aircraft
82
Stand Gas & Elec.
1+
10.38/38
10.34/33
10.30/30
.08 off
Du Pont de Nemours
1841
Standard Oll of California
24
10.52 N
.10.46/45
10.44/44
.08 off
Eagle Ficher Lead
108
Standard Oll of NJ,
431
9.69/69
9.65/84
9.61/61
.08 bff Eaton Mfg. Co.
31}"
Hong Kong, 95th Feb., 1939.
Stone & Webster
.9.55/55
9.52/52
9.46/46
.09 off
Elec, Autolite
38
Studebaker Com
111
9.51 N 11.07 N
9.49/49
9.43/43
10.95 N
.08 .of Elec. Band & Share
12 off
51
Swift International
311
Elec. Bond & Share $5 pl.
55
Bec. Bond & Share $8 pl.
621
Technicolor
Texas Corpn.
151
443
Elec. Power & Light $7 pi.'
27 ·
Texes. Gulf Sulphur
34
Fisk Rubber
147
| Timken-Axia
23
Flintkote
191
| Trans-America Co.
51
18.42/42
18.18/20
18.03/09
17.95/99
18.50/59 18.25/25 18.40/42 18.10b/15a 18.18b/20 18.00b/10a
.17 up Gen, American Trans.
514*
20th Cent, Fox
22 up Gen. Electric
381
120th Cent. Fox, $14 pf. ...
231
Profits
15 up
Gen: Motors
53
Union Carbide & Carbon
844
17.78b/80a
18.06b/10a 17.90 N
11
קנו
Gen. Hallway Signal
171
Union. Pacific
93.
.14 up
Gen. Tire & Rubber
201
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
United Aircraft
474
Shanghai Dollars
Glidden Co.
173
-350.
די
Shanghai Market
Total sales:-560 tons, Last trading day:-27/3/40.
United Airlines Trans
15
Goodrich (BF.)
Board of Directors:
19
United Corpn.
21
Goodrich $5 pf. ...
8711
"Biz Bhonson Chow, Chairman
United Corpn. $3 curi pf. ·39j
Sterling 4.1/B and US. · Dollars
CHICAGO WHEAT "
Goodyear Tire & Co.
231
United Gas Corpn................... 14
8.3/4"both sellers for Spot.
May
AFTERNOON MARKET
July
September
100/1000- 1001/991 984/981 981/991 981/981
100/1001 981/982 981/983
tup Great Northern Iron Ore
13+
United Gas Improvement
124
unch. unch.
Great Northern Rly, pid...
231
U.S., Industrual Alcohol, ...
21
Great Western Bugar
274
U.S. Rubber
351
The market was quiet in afternoon.
the
Greyhound Corpn.
167 . .
Friday's sales:-34,889,000 bushels. CHICAGO CORN
US. Rubber $8 pfd.
1132
Hercules Powder Co, ali
871*
US Steel
57+
ווי.
Homestake Mining
$31
Vanadium
331
Sterling
The maket closed with sellers
U.S. Dollars
.
at 1/27/8 March/June, buyers at 1/1.29/32 Cash.
Bellera at 24.5/16 March
14.1/4 Arzt half April, buyers
243/8 Cash and 24.5/16 April.
357.1/2.
Shanghai Market
Sterling 4.9/64 and US. Dollars 6.25/32.
May July September
561/581 581/56 562/581 5748
56/56) 561/56+ 57 B
off International Harvester
531
Walworth Co..
51
Bataris
off
Int Nickel
30
Warner Bros, Fict
37
Bombay
Colectia
off
Int. Tel & Tel
34*
Westinghouse Elec,
112*
Haiphong
Johns Manville"
68#
Woodward Iron Cor.
241
Пайком Ronola
New York
Parte
WINNIPEG WHEAT
J. & Laughlin Steel 57 pid.
60**
Chase National Bank
35*
Kobe
and
May
881/88+ 831/881
89/89
+ up
Kennecott Copper
361
National City Bank
391"
"July
893b
at
October
901a
98JA 91}A
i up
tup
•-bid.
Shanghai Dollars
NEW YORK HIDES
June
י י
1-ex, div. DOW JONES AVERAGE
September
14.02/04 14.26/28
14.10/10.
14.05/05 14.35/35 14,32/32 Last trading day for March hides:-24/3740.
34-3/4 New York, Official NY-London Cross Rate 3.92-7/8
.03. up
ᎥᎥ .
.06 up
1938/40,
Hieb
unquoted'. 3.92-7/8
Low Dow Jones Averagos 155.92 181.41 30 Inriustrials
25.90 24.1490 Rails 97.70 90.70 yo Utilitzes 27.32 84.51 40 Bonds
Mar. 1, 148.23
Mar. 3, 1940. High Low
Close
Changa
·30 41.. 94.17 88.82
65.67 45.59 11 Commodity Index $9.01
146.52 146.07 146.33 .10 up 30.44 30.4030.41 .03 off .03 off -24 21. 24.01 - 24.11
88,60 .02 off 58.84
.13 off Business Done :~270,000 shares
1.
London" Singapore
Colombo Lyons Squrabaya
Dairen Malacca Sungei Foochow Manila
Hamburg (Johore) Tientsia Bankow Mukden Tokyo
Harbin New York Tsingtao
Peiping Yokohama
.
NEW YORK PRIPING
(Peking)
YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS · opened and FIXED DEPostre 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 ́s
CURRENT ACCOUNTS opened in interest allowed at rates obtainable *LOCAL CURRENCY and FIXED DEPoston application.
received for one year or shorter 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 Income Tax, overpaid, on quoted on application.
ALSO up to date Sar DEPOSIT terms which may be ascertained at Box in various sizes To LaT any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
BANK
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S BOAD, CENTRAL
SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the Hoxɑxong & SHANGHAI Banking CoRFORATION.
V. M. GRAYBURN,
Chief "Manager.
BANK OF EAST ASIA, LIMITED
il
Authorised Capital......$10,000,000.00 Faid-Up Capital......... 5,598,600.00 Reserve and Undivided
Li Koon Chua, Bag,
2,883,932.01
Li Lan Bang, Esq. "P, E. Kwok. Esq. Wong Che Son, Esq.
Wong Tan Tong, Esq. Kan Ying Po, Éng. Chan Ching Shok, Baq, Fung Ping Wah Esq
Kan Tang Po, Esq., Chief Manager. Li Tas Fong, Esq., Manager.
Branches and Aganciou :—
Koricon Penang Bingspote London Bangoon Вошвынуть
Balgon
Mabomma "San Fran. Sydney Nagsaska Palaco Tienbein
Bemarang Bulping Shanghal
VABDOUTST
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
HEAD OFFICE:
18, PINE STRENT,
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
THI
CHABE NATIONAL BANK, NEW YORK, with Besources of arm U.S.$2,900,000,000.
D. M. BIGGAR,
Second Fics Pros.
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA ́AS-AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000:06 (BRANCHES ALL OVER ČRIÑA) Owing to our numerous Braneben in China and connections in the principal Commercial Centre 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:
CANTON
Current Accounts opened in Local Currency and Fixed Deposits re-SWATOW ceived for one year or shorter SHIUCHOW
periods in Local and Foreign Cur-
KONGMOON TUISHAN KINGCHOW
rencies on terms which will be We also handle the issue of Bonda and other Public Funds of the quoted on application.
Chinese Government both at Home. SAFE DEPOSIT Boxes To Lar,
KAN TONG⋅ PO,'
and Abroad. Chief Manager
SHOU J. CHEN,
HAIPHONG HAMBURG EANTOW
Shanghai Exchange
omcial T.T. Rates
Shanghai, Mar, 4 (Reuter).
πομπότ sps treduf
1.94
RURAL LOANS TO
BĘ UNIFIED
CHUNGKING, Mar. 4 (Central) -Rural loans throughout China in
HUGE DROP IN
CAR SALES
Ministry of Transport figures
1940 will be jointly, undertaken issued on February 6 show that under a unified scheme of the only 9,595 motor vehicles were re-
INDO-CHINA
Central Trust, of China, the Bank gistered for the first time in De-STEAM NAVIGATION COMPANY LTD.
MON of China, the Bank of Communi- cember, against 37,181, in Decem-
cations, the Farmers Bank, and bex, 1938.
*** 28-3/4 Sellers
Opening Closing
the Farmers' Credit Bureau, it is announced here today.
Of all the loans to be granted
Bince the war began sales of new cars have dropped to less than a quarter of those in the corresponding period of 1938,
1/0
B/I-27
8/2~LL
91/8-9
Paris
Hongkong...
Spot
0/4-1/8
Mar..
0/4-1/16
April
0/4
0/4-5/32.. 0/4-1/8- 0/4-5/04
U.8. Dollars
Spot
$0-3/4
Mar.
6-6/8
$8-13/16
0-9/4
April
6-1/2
6-21732
1939
1938
15 percent each, and the Farmers Cars taxed on horse- Credit Bureau 10 per cent.
power
For the time being, loans will be Motor-cycles
ft extended to provinces in Hackney vehicles the rear, with chief, attention Goods vehicles centred on Beechwan and Bikang, Agricultural engines 852
194
4,808
26.018 701 2,178 577
2,844
5,504
175
530 2.729
Market: Quiet but steady
Merchant Rates
Sterling, 0/4-1/8.
"I
Silver Duty Rate -
it is decided by the Four Govern- though there was a slight im- ment Banks Joint Head Omee,provement in December aver the the Farmers Bank will bear the preceding three months, lion's share of 35 percent. The Figures of registrations in De- Bank of China will bear 25 per cember compared with the same cent, the Bank of Communications manth in 1938 were: and the Central Trust of China,
08. Dollars, 30-11/18,
The Central Bank of China's Advances to, provinces other than Government - owned rate on London at 10 am today those in the rear may be consider- and others was 1/2-1/2d.
ed in the Ught of their special The Equalisation rate was 6 merits by the Four Government
Banks. Joint Head Office.
per cent,
Operating Services for, Cargo and Passengers
TO
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
BANDAKAN
HAIPHONG
All steamers barth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For farther particulara
please apply to
JARDINE MATHESON&Co.,
9,595 37,181 TELEPHONTE ZIOJII. GENERAL MANAGERS
Manager.
THE KWANGTUNG PROVINCIAL BANK
Cosorprested in "biral
| Gotersi Banking Facilitive and Financial Agente to
The Provincial Government of Kwangting. Head Offce-Bšiukwan, kwangtong Province Hongkong Branch -Queen's Isldg., 6 Chater Tid. Cable Addrmais......“PHOVINCIAŬĀT, 2003; 9443. Telephones:
20112, 20113, 20143. 20181, 81681. ⠀ BRANCHES THROUGHOUT SOUTH CHINA „Correspondants in New York and London
Fald Up Capital *** N$10,000,000, Reserve Capital ...... N$10,300,000.
AUYANG MINLY,
Boogkong Manager.
A Job?
WANT ADS