On Manila:-
108 1/4 MAY
JUNE 48 1,8 JULY-SEPT.
OCT.-DEC. ******** 150 1/4.
Market steadier.
On Sterling Notes:-
Bank Buying Rate
Bar Silver per cz
1/4" 21.1/16
Bank Bills, on demand 24 1/18 Credits, 80 days' sight 24 11/8
On Batavia-
On demand... 44 7/8
On Paris:-
Bank Bills, on demand 1085 .' Credits 4 months' sight 1140
On Salgon:-
On demand
On demand
On Bangkok:-
On demand
SPOT APRIL-JUNE JULY-SEPT.
The market was steady but quiet. LONDON RUBBER
SPOT APRIL
NEW YORK, MARCH 6, 1940
Previous March 6 Closing Opening Closing Change Buyers Buyers
38-7/8 38-3,9 38-3/8
36-3/4 36-7/8 38-3/4 35-1/8 35-1/8 35-1/4
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 7, 1940
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:-
On demand
PAYNE & CO.
COMMODITY BROKERS. STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
***** 350
On Japan:-
On demand
52 1/2
102 1/4
On India:-
SINGAPORE RUBBER
Telegraphic
Transter.
and demand..................if
89 1/8
On New York:-
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
Lakey Foundry & Mac, Libbey-Owens-Ford
#"
·44)
STOCKS
Last Sale
MARCH 7, 1940. STOCKS
Last Sale
Authorised' Capital................. #50,000,000 |
Mar. 8
Mar. 6
Adams Express
78
Reserve Funds: Sterling
Alleghany Steel Co.
237
Glass
51
Reserve Liability of
Allied Stores
81
| Lockheed Aircraft
304
Proprietors
.......$20,000,000
Allis Chalmers
374
Loey's Inc.
312
Aluminium Ltd.
106#1
Loft Incorperated
291
Head Office:-HONG KONG
Amer. Can
115
Mack Truck Inc.
251
American Cyanamid B.
387
Martin, Glen L.
Board of Directors:
Amer. & Forelen "Power
17
McKesson & Robbins, pfd.
241*
H. V. Wilkinson, Esq.,
Amer & Foreign 37 pf. ...
**
Monsanto Chemical
109
American Gas & Elec, won
337
Montgomery Ward
54
"Chairman. Hon. Mr. J. J. Paterson,
Amer. Locomotive
211
National Aviation
12+
Amer. Metals Co.. ......
24
Nat. Dairy Products
161
J. K. Bousfeld, Esq.,
up 1/2 up 1/8
Amer. Radiator....
9
Nat. Distillers
241
A. E. Compton, Esq.,
Amer. Rolling Mill
151
National Gypsum
113
Hoo. Mr. S. H. Dodwell,
up 1/8
Amer. Bing and Ring Co.
503
National Lead
G. Miskin, "Esq.,
Amer, Sugar Refining
*'211
Nat, Power & Light
72
E. 8. Morrison, Esq.,
Amer. Tel, & Tel..
1737
T. E.. Pearce, Esq.,
Nationdi Steel Corp.
68
Previous close Today's close
Amer. Tobacco "B"
89
C. C. Roberta, Esq.,
National Supply Corp.
Hon. Mr. A. L. Shields,
FRIDAY, MARCH 8, 1940,
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1883 .£3,000,000 Paid-Up Capital £4,500,000 Reserve Fund
*****£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
..£3,000,00€ HEAD OFFICE: LONDON:
Deputy Chairman.
F
38, Bishopsgate E.0.2. Sub-Agencies In London:
117/12, Leadenhail Street, EOS West End Branch:
14/16, Cookspur Street, S.W.1.
Manchester Branch: · 62, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN PENANG
ALOR STAR
AMRITSAR
BANGIOX BATAVIA
BOMBAY
BONG KONG KANGOON ILOILO
BAIGON
SEREMBAN
KARACHI
SHANGHAI
SINGAPORE
Buyers 12-1/4
Buyers
Change
Amer. Waterworka
91
New York Central
16!
12-1/4
unch.
Anaconda Copper
291
Niagara Hudson. Power
5
Sir Vandeleur M. Grayburn,
12-3/16
12-3/16
unth.
Atchison, T. & S. Fe.
23}
N.. American Aviation
247
CALCUTTA.
KLANG
AC NOIRS: O
CLAY STREET KUALA
Chief Manager, TAZAN PLA
CANTON
11-7/8
-11-15/16
up 1/18
Auburn Motors
14
North American Co.
201
Branches:
CAWNPORS
EUMPUR KUCHING
11-1/3
11-5/8
up" 1/8
Baltimore & Onio
5+
Northern Paciac
81
HSIBU
MADRAS"
11-3/8
11-1/2
up 1/8
Barber Asphalt Co.
141*
Owens-Illinois Glass Co. ....
62
Amoy
Ipoh.
Penang
11-1/16
11-5/16
"Up. 1/4
Barnsdall On
111
Pacific Gas & Elec
331
Bangkok
Johore.
Rangoon
COLOMBO
DELHI
MANILA
BETIAWAN JOURABATA TAIPING -TIENTEIN
1
TONGKAR
(Bhuket)
MEDAN
TEINOTIO
Batavia
Kobe
Saigon
Bendix Aviation
331
Pacific Lighting
47
HAIPHONG
Bombay
Kowloon
San
KAMBURO
NEW YORK PEIPING
YOKOHAMA
Bethlehem Steel
781
Packard Motors
32
Calcutta
Kuala
35
opening
and There
Sterling
of
WAS
re-
May July
.
December
January
for
Spot .....
March..
were
Sterling
sellers
1/2.29/32 Cash.
U.S. Dollars
May
July
April and 24.1/16 May.
Shanghai Dollars
CHICAGO CORN
Market Report
FROM ROZA BROS. Bliver prices rose 1/8 yesterday the quota- for both deliveries. tions being 21.1/16 for Ready and 20.15/18 for Forward. Silver ad- having vices reported India bought to a small extent. A smail The market business was done. was steady. American Silver was quoted at 34.3/4 for Spot,
The London-New York cross-rate was quoted at 4031/2 New York- London was quoted at 391.1/2.
Market
Steady at the
throughout the morning,
was hardly anything doing.
Remained on offer at 1, 2.7/8
the 'whole March/June for
the morning with buyers bidding
1/2.29/32...
U.S. Dollars
NEW YORK COTTON: Following the weakness of foreign mar- kets, the market reacted on increasing March liquidation and Bom-
apparently considerable bay selling. Domestic mills also sold
hedge goods. Trade interests buying on a scale down furnished the only support of the day. The explanation from Bombay of the de- cline in that market is that traders fear there will be no demand for Indian broach, the best grade of Indian cotton, unless it is taken. by the Chinese mills.
||
NEW YORK RUBBER: Increased sinkings are being watched met with dealer closely. Factory and Commission House demand offerings on the scale, up,
CHICAGO WHEAT: Steady but dull. Private crop reports show little improvement but the estimates of Farm. Reserves are less than expected.
CHICAGO CORN: An improvement in shipping demand and a more active export interest were noted.
NEW YORK STOCKS; 147.97: Change, up 1.08,
New York Cotton, May New York Rubber, Mäy Chicago Wheat, May raté Chicago Corn, May ......
New York Hides, June NEW YORK COTTON 24. March....
A small transaction ported at 24.1/4 for Cash. There
the in was no movement which remained at 24.3/16, sellers and 24 for March, 24.1/8 April
24. May, buyers at "24.5/16 Cash, 1/4 March, 24.3/15 April and 1/18 May.
aridJuly (New contract) offering October
Shanghai Dollar Opened with sellers at 357 at the close sellers were 359 and buyers 359.1/4....
rate...
Shanghal Market Quiet. The selling Sterling and US$. at the open- ing were as follows:-49/64 and 6.3/4. Towards the close the tone was slightly easier with sellers at 4.1/8 and 6.23/32.
Previous close, 146.89; Today's close.
Total sales Tuesday:-70,400 bales.
Last notice day for March cotton:-15/3/40. NEW YORK RUBBER
AFTERNOON MARKET Conditions were "no better in May business July 2
no September
December
the afternoon
point of view,
transactions."
from
There
The market closed with
at 1/2.7/8 March/June and 172,
Total sales: 2,000 tons,
27/32 July/September," buyers at CHICAGO WHEAT
Sellers at 243/16 March, 24.1/8 September
April and 24 May, buyers at 24. Tuesday's sales:-33,487,000 bushels. 5/18 Cash, 241/4 March, 243/18
Bliss Co.
14
Francisco HANKOW
Pan-American Airways
18+
Canton
Lumpur
Shanghai
Boeing Airplane Co.
237
Paramount Pictures
7
Chefoo
Loadou
Singapore
to
Borg-Warner
23+
Pennsylvania R.R.
221
Colombo
Lyong
Sourabaya
| Bridgejárt Brass Corp.
102
Phelps-Dodge
39%
Dairen
Malacca
Bungai
Briggs Mfg.
201
Phillips. Petroleum
371
Foochow Manila
Brooklyn-M'hattan Trans.
217
Pittsburg Coke & Tron
73
Haiphong Muar
Swatow
Hamburg (Johors)
Tientsin
Brooklyn-Manhattan $6....
81
Public Service of NJ,
417
Bankow Mukden Tokyo,
Canadian Pacific R'way
81.
Pullman Inc.
271
Harbin
New York
Case, JI
681
Pure Of
91
Iloilo..
Peiping
Celanese
291
Radio Corpn. of Am.
J1
Chesapeake & Ohio. Chrysler Corpn.
401
Reading Company, Com:
151*
CULLENT. Accounts
86
Reading Company, 1st pfd
2531
Climax-Molybdenum Co.
371
Remington Arms Co., Inc.
Colts Patent Fire-Arms Columbin Gas & Elec. Columbla 6% "A" pf.
80
Republic Aviation Corp. ...
B
51
Republic Steel
214
871
Revere Cop. & Brass Inc. i
12}
Commercial Credit Co. ...
464
Reynold Tobac. "B"
418
Com, & Southern (Ord.)
11
Richfeld On
7.
Consolidated Edison
311
Safeway Stores
50+
Consolidated Ol
7골
Schenley Distillers
117
Continental Can
181
Sears Roebuck
811
Continental Onl
231
Shell Union Ou
102
NEW YORK COMMODITY MARKET
Copperweld Steel
15)*
Socony-Vacunum of
1LA
Corn Products
62)
Southern Paclic
13
(REUTER'S SERVICE)
Curtiss Wright (C)
101
Southern Rly $5 pfd.
207
is conducted by the HONGKONG
1041 57
Prev. Today's High Low Close Close Change
10.77 10.83 10.75 10,84
18.46 18.55 15.46 18.39
1027 1031 1031
'50A 582 561
Curtiss Wright "A"
29+
Sperry
447
& SHANGHAI BANKING COR-
Deere & Co.
21
Spicer Manufacturing Co.
34..
PORATION: Rules may be obtain-}
07 oft .07 up
Distillers Corpn. Seagrams
181
Standard Brands
Th
ed on application.
Douglas Aircraft
847
Stand Gas & Elec.
I
up
Du Pont de Nemours
188
Standard Oil of California
231
up
Eagle Picher Lead
113
Standard Qll ́of NJ.
431
14.39 14.30 14.28 14.32 .04 up
Eaton Mfg. Co.
321
Stone & Webster
Elec. Autolite
391
Studebaker Com,
121
Close 11.0...8/06 10.84/85
Opening
Closing
Change
Elec. Bond & Share.................
8
Swift International
32
11.02/02
10,97/97
.09 of
Elec. Bond & Share $5 pf.
55+
Technicolor :
158
10.81/81
10.77/78
.07 off
Elet. Bond & Share $6 pr.
633
Texas Corpn.
444.
BANK OF EAST ASIA,
10.50/50
10.46/46
10.43/43
,07 off
Elec. Fower & Light $7 pt.
28+
Texes Gulf Sulphur
331
LIMITED
10.64 N
10.58b/61e
10.56 N
.08 off
Fisk Rubber
15
Timken-Axle....
231.
>
+9.85/86
9.82/82
9.81/81
.04 off
Fntkate
191
Trans-America Co.
52
Authorised Capital...$10,000,000.00
)
9.72/72
9.68/69
9.68 N
204 off
Gen. American Trans.
521
20th Cent. Foi
112
Paid-Up Capital
5,598,800.00
}
9.69/69
9.68/46
9.65 N
.04 off
Gen Electric
387
Reserve and Undivided
Patani
Tsingtao Yokohama..
opened in
(Peking)
FOREIGN EXomanon and Osperal Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITs received. for One Year on shorter periods in Local or Other Currencies at rates which will be quoted on application. *
SAVINGS ACCOUærs also opened în Local Currency and Sterling with interest allowed at rates obtainable
LOCAL CURRENCY and FIX DIPO on 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 quoted on application.
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. OAMIDGE,
Manager.
ALSO up to date Sars DEPOSIT Boxes in various sizes To LET. Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
For the HONGKONG & SHANGHAI
BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1935. -
HEAD OFFICE:
18, PINE STREKT,
NEW YORK. An American Bank offering com-"
plete "Foreign Banking Service in the principal Markets of the world. Da
Interest Rates on Application...
SAFE DEPOSIT BOXES
16.
This Bart is entirely owned by BANK, THE CHASE NATIONAL New York, with Resouros of over 17.5.я,000,000,000,
D. M. BIGGAB,
-&scond Vics Pruz.
120th Cent. Fox.. $14 pf.
23
Profita
2,883,231.01
11.12 N
11.03 N
.09 off
Gen. Motors
531
Union Carbide & Carbon
85
Gen. Railway Bignal
Gen. Tire & Rubber
Glidden Co.
Goodrich (B.F)
Goodrich $5 pr.
18.50b/55a 18.39/39
.18 20/20
18.08/10 17.90b/95a
18.50/55 18.30b/33 18.206/25a
18.60b/66a 18.46/45
10 up
Goodyear Tire & Co.
.07 up
Great Northern Iron Ore ..
18.32/32 18:23/23 18.06b/078
12 up
Great Northern Aly, pfd.
15 up
Great Western Sugar ..****
.18 up
Greyhound Corpn.
Hercules Powder Co.
Homestake Mining
Last trading day-27/3/40.
International Harvester
Int Nickel
1031/1031
100/1001 100/1001
1031/1031 100/1001
1031/103 1001/1001 100/1001
i up
Int. Tel & Tel
unch. uach.
Johns-Manville
J. & Laughlin Steel $7 pfd,
Kennecott Copper
May"
4.1/8 sellers for spot.
Shanghai Exchange
Oncial TT. Rates
Shanghai, Mar. 7-Reuteri
London
July
581/501 572/573
583/582
September
58/58
57 A 573/571 58/58
+ up
tup
unch.
1939/40
Hieb Low Dow Jones Averages
WINNIPEG WHEAT
158.92 191.41 30 Industris).
May
891/891 891/892
891/891
unch.
35.90 24.14 10 Ralle
July ....
901B
901/90)
קנן
27.70 20.7090 Utilities
22-99-84.5240--Bonds
0/4
October
911/911
918/910
up
New York
6-9/16
Japan
21-7/8
NEW YORK HIDES"
.india
22-1/8
June
14.28/30
Paris
2.94
September
14.51/52
14.30/30 14.55b/59a 14.59/50
14.32/33
04 up
08 up
Hongkong
28-3/4
New York, Official
34-3/4
34-9/4 3,91-1/2
Opening Closing
Spot.
Marg
Αρε,
Spot
TO
Mar.
Apr.......
Sellers
0/4-9/640/4-1/8
0/4-1/8 0/4-7/84 0/4-1/16 0/4-1/18
U.S. Dollars
$8-3/4 $6-23/32 6-11/16 6-11/16 6-9/16 8-9/15
Market:-Qujet,
Merchant Rates
Sterling, 0/4-1/8-
US Dollars $8-11/16.
Silver Duty Rate
The Central Bank of China's
". rate on Lohdon at 10 am today
was 1/2-1/24.
NY-London Cross Rate, 3.90-3/8
RESERVE BANK OF SILVER MARKET
INDIA STATEMENT
Calcutta, Mar, 6 (Reuter),
Feb. 21 Feb, 28 Notes in clrculation
London, Mar.
Reuter).
Silver Indian buying Offerings. Market Umited. Business ställ, quietly steady. In the afternoon, the market was quietly steady.
Spot, 21-1/16d,
Forward, 20-15/164.
NEW YORK "BILVER
New York, Mar. 6 (Reuter) Silver. Omclal, 34-3/4
ROMBAY SILVER
(including Notes held in the Bank- ing Department)... 25,458 25,432 Rupee Coln and Bul-
lion in India Gold Coin and Bul-.
lion in India
(Indian Government) Securities (British
Government)
5,629
4,164
5,805
4.154
11,350 11,350
Ready Apr. 3 Bettlement May 1 Bettlement
The Equalisation rate was 104 Securities
per cent..
India Rupee Paper
Bombay, Mar. 8 (Reuter). Govt 31 Rupee, 04-0-0,
Calcutta Exchange
Calcutta, Mar, T.T. on Japan, 30-7/8.
(Reuter)
Bombay, Mar. 8 (Reuter). 3,836 3.835 Market-Steady. Offtake 50 bars,
Indian Mint Silver
New York Exchange
New York; Mar. 6 (Reuter) T.T. an London (Opening Rate). 3.90-3/4.
59-05
50-08 59-12
LONDON GOLD
London, Mar. Reuter): Bar Gold, Fine per oz. 168,
Board of Directors:
Bir Shouson Chow, Chairman
Li Lan Sang, Esq.
Wong Cha Son, Ex. Wong Tun Tong, Esq. Kan Ying Po, Rag. Chan Ching Shak, B. Fang Ping Wah Eng Kan Tong Po, Esq., Chief Manager.
Li Tas Fong, Esq, Manager.
Branchst did Agencia :--
Kirloom Paning Singapore -Igudoa Baroon Surabaya
Kantha » Badger Bwatow
Melbourne "han Fran- Sydney.
Shanghai
VANOSTRE
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
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 OVER CHINA) .. Owing to our numerous Branches in China and connections in the principal Commercial Centros of the World, we are able to extend o 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:
Current Accounts opened in Locs! CANTON Currency and Fixed Deposits re SWATOW ceived for one year or shorter SHIUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SATE DEPOSIT Boxes To LET.
KANTONG PO;
Chief Manager.
INDO-CHINA
STEAM NAVIGATION: COMPANY ITD.
Operating Services for Cargo and Passengera
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE,
SANDAKAN
HAIPHONG
PENANG and CALCUTTA
All steamers Berth alongside the Boosevelt Terminal, in the French Condesaton at. Shanghai, where passengers and cargo are landed.
For further particulars
plesss apply
JARDINE I TELEPHON IZOBIL
KONGMOON TUISHAN
KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at HomeTM and-Abroad.
SHOU, J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK
(Imporiorated in "hina)
General Banking Facilition and Financial'âgente de The Provincial Government of Kwangtang
Bead Ofc=Ehinkwan, Kwanytang Province Hongkong Branch -Queen's Bldg., Chater Ed. Onble AddressPROVINCIAL 2029, BULL.
outlephones:
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA Correspondente in New York and Loddon Pald Up Capital Reserve Capita;
N$10,000,000. N$10,500,000.
AUYANG MANLY,
Hongkong Manager,
A Job?
Consul
WANT ADS
171
Union Pacifc
04
201
United Aircraft
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
181
I
United Airlines Trana ....
157
181
United Corpn.
21
69
United Corpa. 33 cum pr. 371
238
United Gas Corpn.
1
Li Koon Chun, Esq.
141
United Gas Improvement
191
P. K. Kwok, Esq.
247
U.B., Industrual Alcohol.
212
288
U.B. Rubber
35Z
187
US. Rubber $8 pid,
1151
907
U.B. Steel
591
55
Vanadiumi
342
54
Walworth Co.
a.
Comy.
361
Warner Bros. Pict.
Balkris
37
Bomby
32*
Westinghouse dec.
1134
Laloutta
701
Haiphong
gamki
Woodward Iron Cor.".
25
Haukow
He Tork Beattie
69 *
Chase National Bank
35
Hontula
Paris
Semarang
Sobe
Palping
371
National City Bank
291**
-bid.
1-ex. dit.
DOW JONES AVERAGE
Mar. 6,
146.69
20.69
24.15
88.7
65.87-45.60 11. Commodity Index $9:58
Mar. 7, 1840, High Low Close. Change 149.37 147.08.147 97 1.09 up 31.18 20.78 310 33 up 2440 24.17 24.80
15 ap 88.78 01 ap 59.55
03 of
Business Done