Hamburg (Johore) Tientsin
New York Tsingtao Peiping Yokohama
priators
HEAD OFFICE: LONDON:
£3,000,000
MUDAN
NEW YORK PRIPING
(Peking)
TONGKAH
(Bhuket) TEINGTAO
YOKOHAMA
FOR ION EXCHANGE. and General Banking Business transacted.
CORRENT ÀCours opened and FIXED DEPOStr received för 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
ACCOUNTS opened in interest allowed at rates obtainable
350
63 3/8
01 3/4
SINGAPORE RUBBER
SPOT
APRIL-JUNE
36-7/8
8 JULY-SEFT.
38-3/4 38-5/8 36-7/8 35-3/4 35-18 35 cts. 35-1/8
The market was quiet but steady. LONDON RUBBER
Previous close Today's close
Buyers
.... 44 1/2
On Paris:-
On Saigon:-
On demand
Op Manila:-
On demand
On Bangkok:-
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
SPOT
12-1/8
+
12-1/16.
11-778
JUNE
108
JULY-SEPT.
OCT.-DEC.
47 7/8
11-5/8
PACE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS-
1
MARCH 9, 1948- -
On London-
Telegraphic Transfer. 1/2 26/33) Bank Bills, on demand 1/2 26/33 Credits 4 months' sight 1,3 3,39
On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:-
Telegraphic
and demand
On New York:-
Transfer. 182
Bank Bills on demand 23 15
Credits. 60 days' sight 24 9/16
On Batavia:-
On demand"
"Bank Bills, on demand 1082 -
Credits 4 months' sight 1137
PAYNE & CO.
· COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
APRIL
AY
(FROM PAYNE & CO.)
NEW YORK. MARCH 9 1940.
March 9 Previous Closing. Opening Closing Change Buyers Buyers 38-7/8
NEW YORK STOCK EXCHANGE
STOCKS
Adam; Express
QUOTATION
(REUTER'S SERVICE)
+6
National Lead
*
ቕርና
Last Sale
MARCH 10, 1946 STOCKS
Mar. 9
Last Sale Mar. 9
...
*73*
Alleghany Steel Co..
221
Lakey Foundry & Mac. ..... Libbey-Owens-Ford Glass" bu
Allied Stores
| Lockheed Aircraft
303
Reserve Liability of
MONDAY, MARCH 11, 1940.
BANKS
RONGKONG & SHANGHAI{THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000
INDIA, AUSTRALIA"-
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 181
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund............ £3,000,000 Sterling
H.K. Currency Reserva $10,000,000 Reserva Liability of Pro-
„£3,000,000
Proprietors
$20,000,000
Allis Chalmers.
37
Loew's Inc. ....................
Aluminium Ltd.
1083
Lott Incorperated
29
Amer. Can........
1153
Mack Truck Inc.
25*
American Cyanamid B.
287
Martin, Glen L.
434
Amer. & Foreign Power
13
McKesson & Robbins, pfd.
**44*
Head Office-HONG KONG
Board of Directors: " H. V. Wilkinson, Esq.,”
Amer & Foreign $ pf.
23*
Monsanto Chemical
10831
American Gas & Elec.
34
Montgomery Ward.......
Thairman. Hoo, Mr. J. J. Paterson,.
Amer. Locomotive
21
National Aviation
14
off 1/4
Amer. Metals Co.
24
Nat, Dairy Products
164
unch.
Amer. Radiator
DI
Nat, Distillers
25
Amer. Rolling Mill
15
National Gypsum
Amer. S'ting and Ring Co.
493
*1*
Amer. Sugar Refining
203*
Nat, Power & Light
7
K. S. Morrison, Esq.,
Buyers
Change
Amer. Tel & Tel.
"
T. E. Pearce, Esq.,
1742
National Steel Corp.
671
Amer. Tobacco "B"
C. O Roberts, Esq...
80
National Supply Corp.
81
Hou. Mr. A. L Shields,
Amer. Waterworks
New York Central
161
MARKET
Anaconda Copper
201
Niagara Hudson Power
5
CLOSED
Atchison, T. & S. Fe.
227
N. American Aviation
251
11-1/2
Auburn Motors
1
North American Co.
211
11-1/4
Baltimore & Ohlo
5+
Northern Pacific
"g
cross-
New
Market
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Com, May New York Hides, June
market was a shade steadier.
Sterling
May
July
(
1/2.27/32 to: December (i
}
{
•
May
September
Friday's sales 29,211,000 bushela. CHICAGO CORN
Official TT. Rates
May
July
•London
0/4
September
Market Keport
NEW YORK COTTON: Southern selling and scattered liquida-
Japanese demand, tion was absorbed by broad Trade and
130 1/2 hinted that higher Loan basis for next season's crop ranging from Go to 70 per cent of "pärity" might be able to secure sufficient ad- 1/4 heren for passage in both Houses of Congress. 91 5/16
FROM ROZA ÚROS. Silver prices rose yesterday to the extent of 3/18 for Ready and 1/4 or Forward, the quotations
NEW YORK COPPER: Producers have raised the price of re- fined copper 1/4 of a cent a pound to the '11-1/2 cent, level. Good foreign demand was noted,
CHICAGO WHEAT: The market showed easiness in the early 'session despite continuation of cold weather throughout the belt here was a good rally later on lack of offerings and dust storms in Kansas, where there are no indications of rain.
NEW YORK STOCKS: Previous close. 148,07: Today's close
being 215/16 and 21.1/4 respec- 148.14: Change, up 07: tively. Sliver advices reported some bear covering. Buyers satis- fled. Later the market was firm.
A small business was done at 1/16 over the quoted rate"
American
Silver was quoted at 34.3/4 for Spot.
The London/New York rate was quoted at 402,1/2. York/London was quoted at 389. 1/2
NEW YORK COMMODITY MARKET
Opened with Indications of east-; NEW YORK COTTON ness but towards the close the March
Opened with sellers at 1/2.13/16, July (New contract) buyers bidding 1/2.78 resulting in October
at some business March. The market closed with January sellers at 1/2.13/16 March/August. Spot buyers at 1/2.7/8 Cash and 1/2 27/32 June.
US Dollars
(REUTER'S SERVICE)
Total sales Friday:-51,600 bales.
Last notice day for March cotton:-15/3/40, NEW YORK RUBBER
Some business was reported at March 24 for May and 24.1/16 April., The May
market closed with probable sel- July
lers at 24.1/16 Cash, 24 April and September 23.15/16 May. buyers at 24.3/18 December Cash, 24.1/8 March and 24 May.
Shanghai Dollars
357 sellers, buyers bidding 358.
Shanghai
Market
Total sales:-540 tons, Last trading day:-27/3/40. CHICAGO WHEAT
Sterling 4.9/64 and. U.S. Dollars July
€ 23/32.
Shanghai Exchange
Shanghai Mar. 9 (Reuter).
Bliss Co.
Case, J.L
Barber Asphalt Co.
151*
Owens-linols Glass Co.›.
61
Amoy
Branches: Ipob
It is
Barnsdall ou
11
Pacific Gas & Elec
337
Bangkok
Johore
Penang Rangoon
Sir Vandeleur M. Grayburn,
Chief Manager.
DALOUTTA
AGENCIES: НОВИ
OLITE STET
KLIK PLACE
CANTON
CA WNPORE
CHAP
KUALA
LUMPUR KUCHING MADRAS
MANILA
SINGAPOR BITIAWAN SOURABAYA " TAIPING
TIENTSIN
Deputy Chairman.
J. K. Bonsfeld, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell, G. Miskin, Esq.,.
38, Bishopsgate E.C..
Sub-Agencies In London:
117/12, Leadenhall Street, E.0.1 ·
West End Branch:
14/18, Cockspur Street, S.W.1. Manchester Branch:
59, Mosley Street, Manchester, 9.
AGENCIES AND BRANCHES:
HARDIN PENANG TONG KONG BANGOON ILOILO
ALOE STAS AMRITSAR BANGKOK
BATAVIA
SAIGON
ХРОН
BEREMBAN
· KARACHI KLANG
BHANGBAL
BOMBAY
COLOMBO DELMI
Batavia
Kobe
Bendix Aviation Bethlehem Steel
311
Pacific Lighting
471
Saigon
HAIPHONG'
Bombay
Kowloon
San
*01
HAMBURQ
Packard Motors
Calcutta
Kuala
151
| Pan-American Airways
18
Francisco HANKOW:
Canton
Lumpur Shanghai...
Boeing Airplane Co.
231
Paramount Pictures
74
Chefoo
London
Borg-Warner
227
Perinsylvania R.R.
224"
Colombo Lyons
Singapore Sourabaya
Bridgeport Brass Corp.
104
| Phelps-Dodge
33
Dairer Malacca Sungei
Briggs Mfg......
221
Phillips. Petroleum
387
Foochow Manila
Brooklyn-Mhattan Trans.
214
Pittsburg Coke & Iron
72*
Haiphong Muar
Patani Swatow
Brooklyn-Manhattan $8.....
91
Public Service of NJ,
41
Bankow Mukden Tokyo
"
Canadian Pacific R'way,
61
Pullman Inc.
231
Harbin
· 681*
Pure O...
91
Iloilo
Celanese
301
Radio Corpn. of Am.
ગ
Chesapeake & Ohio
391
Reading Company,
Com
15)*
CURRENT
Chrysler Corpn.
£53
Reading Company, 1st pfd
25 *
Climax-Molybdenum Co.
383
Remington Arms Co., Inc.
41*.
Colts Patent Fire-Arms Columbia Gas & Elec.
794*
Republic Aviation Corp."...
51
18.55
1041 57 14.20 14.19
Prev. Today's High Low Close Close 10.77. 10.73 10.75 10,77 18.45. 18.45 18.45 102 1027 104
561
Republic Steel
20
Columbia 8% "A" p.
87*
Change .02 up unch.
Revere Cop. & Brass Inc..
121*
Commercial Credit Co.
481
Reynold Tobac. "B"
411
Com, & Southern (Ord.)
L
Richfield Ou
7
1* up
561
584 14.23b 14.20
Consolidated Edison Consolidated Oil
307
Safeway Stores
51
71
Schenley Distillers
112
& up
Continental Can
45
.03 off
| Sears, Roebuck ·
843
Continental Of
22)
Shell Union Oll
10%
Close
Opening
Closing
Change
10.97/98
10.97/98
10.08/08
10. up
Copperweld Steel
17
Socony-Vacunum Of
11
Corn Products
631
Southern Pacific
10.75/75
10.76/76
10.77/77
.02 up
Curtiss Wright (C.)
1 :
10.40/40
10.41/41
10.42/42"
קט 02,
Southem Rly $5 pfd,
23
Curtiss Wright "A"
201
Sperry
443
10.53. N
10.54/54
10.55 N
.02 up
9.83/83
9.85/26
*P.85/86
L
Deere & Co.
212
Spicer Manufacturing Co.
33
.02
up
Distillers Corpn. Seagrams
181
Standard Brands
9.69 N
9 9.71/71
9.72. N
.03
up
Douglas Aircraft .....
8:3:5
9.66 N
9.66 B
9.69 N
Stand Gas & Elec........
17
.03
up
Du Pont de Nemours
1861
11.08 N
11.03 N
.05 off
Standard Oll of California
234
Eagle Picher Lead
117
Standard Of of NJ
433
Eator Mfg. Co.
321
Stone & Webster
91
Hong Kong, 25th Feb., 1939.
Elec. Autolite
391
Studebaker Com.
113
Elec. Bond & Share...................
ű
Swift International
317
18.65/66
18:55/55
.11 oft
Elec. Bond & Share $5 pf.
571
Technicolor
151
18.45/45
18.49/52
18.45/47
unch.
Elec. Bond & Share $6 pf.
644
18.34/34
-1
18.35b/37a
18:32/32
.02 of
Texas Corpn.
443
Elec. Power & Light $7 pl.
284
Texes Gulf Sulphur
331
BANK OF EAST ASIA, *LIMITED
18.20b/23a 18.25/25 18.06b/07a
18.-8b/20a 18.06/06
.02 0
Fisk Rubber
151
unch,
Timken-Axie
-231
Flintkote
194
Trans-America Co.
53
Gén. American Trans.
52
20th Cent, Fox,
111
Gen. Electric
381
20th Cent, Fox, $1) pt.
23
די
Gen. Motors
534
Union Carbide & Carbon
841
1021/1031 . 100/1001 1001/1001
021/103 1004/1001
104/104) 102/102
11 up
Gen. Railway Signal
17*
Union Pacine
95
"Head Omcs:-HONG KONG
14 up
Gen. Tire & Rubber
201
United Aircraft
472
3014/1011
No. 10 Des Voeux Road, Central.
11
up
Glidden Co,
17
United Airlines Trans
161
Goodrich (B.F)
104
United Corpn.
24
Board of Directors:
568/562 561/563 571/571
Goodrich $5 pt.
69
United Corpn. 53 cum pf.
381
Sir Shonson Chow, Chairman
561/561
up
Goodyear Tire & Co.
234
United Gas Corpn.
11
Li Koon Chan, Esq.
571/571
+ up
Great Northern Iron Ore
134
United
Gas Improvement
129
57JA
58/577
"up
Great Northern Rly, pfd.
241
U.S., Industrual Alcohol
211
New York,
6-1/2
WINNIPEG WHEAT
Great Western Sugar
20
U.B. Rubber
351
Japan
27-1/2
May
891B
894/892
891/891
India
22-1/8
July
901B
302/901
up tup
Greyhound Corpn.
LBA
US, Rubber $8 ptd.
1134
Hercules Powder Co.
921
U.S.. Steel
581
Paris
Hongkong
2.94 26-3/4
October
911A
921/921
up
Homestake Mining
561
Vanadium
34)
NEW YORK HIDES
Sellers
June
14.23b/25a
14.20/19
14.20/20
.03" off
International Harvester
532
Walworth Co,
53*
Asoy
Opening
Closing
September
14.50/50
14.42b/43a
Spot
0/4-1/8
0/4-9/64
New York, Official
34-3/4
Mar.
0/4-7/64
0/4-1/8"
14.45b/47 .05 off 3.87 unquoted
Int Nickel
351
Warner Bros. Pict.
31
Int, Tel, &-Tel.
34*
Westinghouse Elec.
1121
Johns-Manville
TU.
J. & Laughlin Steel $7 pfd. · 5y*
Apr.
0/4-1/16
0/4-5/84
Kennecott Copper
'372
Woodward Iron Cor. Chase National Bank National City Bank
24
Melbourne
New York
Beattle
Belping
·US. Dollar
Spot
$6-11/16
$6-23/32
*---bid.
Mar."
6-21/32
6-11/16
Apr.
6-19/32
8-9/16
Market:--Quiet.
Merchant Rates
Sterling, 0/4-1/8,
US Dollars, $5-5/8.
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 12-174 per cent,
Calcutta Exchange
Calcutta, Mar. 9 (Reuter). T.T.. on Japan, 80-7/8
·New York Exchange
New York, Mar. 9 (Reuter). T.T. on London (Opening Rate).
3.80-1/8..
India Rupee Paper
Bombay, Mar 9. (Reuter), Govt, 31% Rupee, 94-04-0.
LONDON METALS
EXCHANGE London, Mar. 8 (Reuter). ouvers
sellers
-TIN
£ Standard, Cash 258-1/4 256-3/4 «Standard,“
3 Months 255-1/2 256-3/4 Standard,
Set'ment Price 256-1/2 Straits
281-3/4
NY-London Cross Rate 3.894/3,891
Anglo-French Industrial
Co-operation MONEY MARKET
མ་ཉིད་”་
ELIMINATION OF COMPETITION IN EXPORT MARKETS
LONDON, Mar. 10 (Reuter)---On the Money Market, Government payments for requisitioned Ameri- can stocks were mainly responsible for the recent great loanable LONDON, Mar, 10 (Reuter)-A funds seeking short-term employ- permanent Anglo-French Indus- | raent.
و
trial Council under the joint For the fourth time in succession chairmanship of Lord Budly Gor-Treasury Bills were under-allotted, don and M. Rene Dachemin has Only £50.000.000, of the £55,000,- been formed under an agreement | 000 offered were allotted at the reached as a result of the discus-overage rate of £1-5d, which was sion in London between the oralightly in the Market's favour
-1938/40 High
I-ex. dlv. DOW JONES AVERAGE"
Low Dow Jones Averages Mar. 8, "High Low Close 155.92 121.41 30 Industriela
35.90 24.14 20 Baile
27.70 20.700 Utilimes
22.23 84.51 40 Bonds
Mar, 10, 1940
Change
148,47
30.87
24.24
14.48 147.85 148.14 30.90 30.89 30.83 2432 24.19 24.24
,07 up .04 of .03 off
88 90
89.00 58.38
.12 off
Business Done -330,000 shares
65.67 45.89 11 Commodity Index 69,50
du.90′
LOCAL CURRENCY and Fizm DSITS on application.
The Bank's Head Office in London received for one year or shorter periods in Local and other Car- undertakes Executor and Trustee rancias on terms which will be business, and claims recovery of quoted on application.
Also ap to date SAFE DEPOSIT ROXES in various sizes To Lær ".. Eong Kong... 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HoNGTONG & SHANGHAI BAXEING CORPORATION.
V. M. GRAYBURN,
Chief Manager:
Authorised Capital.....10,000,000.00 Paid-Up Capital 5,598,600,00 Reserve and Undivided
Profits
9,883,922.01
P. K. Kwok, Eng.
Li Lan Sung, E. Wong Chu Son, Esq. Wong Yan Tong, Esq. Kan Ying, fo, Rag. Chan Ching Shok, Esq. Fong Ping Wan.Bag Kan Tong Po, Esq, Chief Manager. Li Tae Fong, Esq., Hanager.
Batavia
Branches and Agencias :--
Howloom. Penang Bingapore Hangoma Bourabaya Saigon Bws.tow
Louden
Bombay Mandia
Caletta
Halphong
Hankow
Momalala Parli Kabe
a Vran- Bydmay
doo Tintin
Vancouver.
Bemarang Sanghaf
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
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
TER CHABE NATIONAL BANK NEW YOX, with Basource of ove 17.8.$2,900,000,000,
D. M. BIGGAR,
Second Flos Pric
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.DE (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 and Exchange..
Head Office:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local CANTON Currency and Fixed Deposits re SWATOW
ΟΙ
ceived for one year
shorter perioda in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT BOTES To Las.
KAN TONG PO,
"Chief Manager.
INDO-CHINA
ganisation representing the French compared to last week. A STEAM NAVIGATION COMPANY LTD,
Industry and the Federation of A noticeable feature was the British Industries for the purpose smaller application. Indicating the of promoting the common inter-carmarking of funds for War ests of both countries in the `ex-{Loan subscription. port markets of the world,
Wall Street closed steady.
SILVER MARKET" BOMBAY SILVER Bombay, Mar. 9 (Reuter). Market-Quiet but steady. Off-
The agreement provides that the two organisations shall under- take to promote agreements be tween, individual Industries Jan their respective countries designed to encourage co-operation and eliminate uneconomic competition take 25 bars, and maintain such a price level
in the respectiva export markets. will ensure development of
consumption.
4
Indian Mint Silver
Ready Apr. 3 Settlement.
May 1 Bettlement
.....59-01
59-05
59-09.
Such agreements would be de- signed as a permanent feature of cases, the productive capacity at the Anglo-French economic re- present alloted to armaments in lations.
one country should be released
In order to develop expart trade for the export trade of that coun-
in wartime, the two organisations try by the Importation of arms- will recommend to their respective ments so displaced from the other Governments that in suitable country.
Operating Services for Cargo and Passengers
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 to
JARDINE MATHESON&Co.,LTD. TELEPHONEČKOSI & GENERAL MANAGERS.
KONGMOON TOISHAN KINGCHOW
SHIUCHOW
We also handle the issue of Bonda and other Publio Funds of the Chinese Government both st Home and Abroad.
BHOU J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in China)
| General Banking Panificios and Financial Agente to. The Prostadial Górarament of Kerangking Head Office-Ehlakwan, Kwangtung Province Hoogkong Branch-Queen's isldg., 5 Chater Bd,~ Cable Addrumca="PROVINCIAL" 2039, 9443, Telephones: 20112, 20111, 20143, 20181, 31881.
́ ́BRANCHES ·· THROUGHOUT
SOUTH CHINAM Cearwpondenta in New York and London Paid Up' Capital N$10,000,000.
****** Reserve Capital ...... N$10,500,000.
AUYANG MANLY
Hongkong Mansget.
A Job?
WANT ADS