350
62 3/8
07 1/2
SINGAPORE RUBBER
Transfer.
-82
SPOT
APRIL-JUNE
Credits, 80 days' 'zight 34
JULY-SEPT.
NEW YORK, MARCH 12, 1940, Previous March 12 Closing Opening Closing Buyers Buyers 38-7/8 38-7/8 -38-7/8 30-7/8 38-7/8
-38-7/8 35-1/4 35-1/4 35-1/4
On Batavia:
The market was steady but a fet,
On demand "....... ..............49 3/4 On"Paris:
LONDON RUBBER
Previous close Today's close
Buyers
Buyers
PAGE
10-hongkong DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 13, 1940
On London:---
Telegraphic Transfer.1/2 95 39: Bank Billa, on demand 1/2 25/33 Credits 4 months' sight 1/3 3/32 On Shanghai:---
On demand
On Singapore-
On demand
On Japan:-
On demand
On India:
8 8 8 8 8 8 8
Telegraphic
and demand...
On New York:-
Bank Bills, on demand 23
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
11
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Change Amer. Locomotive Amer. Metali Co.
QUOTATION
. (RKUTER'S SERVICR)
Last Sale
MARCH 13, 1940 STOCKS
Last Sale
Mar. 12
Mar. 12
71
Lakey Foundry & Mas....
4*
Sterling
Alleghany Steel Co......
221
Libbey-Owens-Ford Glass
501
Allied Stores
81
Lockheed Aircraft
297
Reserve Liability of
Allis Chalmers
371
Loew's Inc.
35+
Proprietors.in
$90,000,000
حلي
THURSDAY, MARCH 14, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION. * INDIA, AUSTRALIA
AND CHINA Authorised Capital....... $50,000,000
11
Issued & Fully Faid-Up $90,000,000 Incorporated by Royal Charter, 1885
Reserve Funda s
Paid-Up Capital £6,500,000 Reserve Fund
...£3,000,000.
...£3,000,000
.....£3,000,00
HEAD OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Heserve Liability of Pro-
prietors.
Aluminium Ltd.
1051
Loft Incorperated
291
Head once. HONG KONG
Amer. Can ........
1154
Mack Truck Inc.
251
American Cyanamid B.
38
Martin, Glen L
42
Board of Directors?,
Amer, & Foreign Power Amer & Foreign $7 pt. American Gas & Elec.
11
McKesson & Robbins, prd.
25
H. V. Wilkinson, Esq.;
23
Monsanto Chemical
1102
34
Montgomery Ward
541
21
National Avia.ion
121
Hon, Mr. J. J. Paterson,
Deputy Chairman,
24
Nat, Dairy Products
17
J. K. Bousfeld, Esq.,
unch.
Amer. Radiator
9
Nat, Distillers
25
"A. H. Compton, Esq.,
Amen Rolling Mill
141
National Gypstim
114
Hon. Mr. 8. H. Dodwell,
Amer, S'ting and R’ing Cò., 491
National Lead
214
.G. Miskin, Esq.,
*
Amer, Sugar Redning
20
Nat, Power & Light
Ti
K. S. Morrison. Esq.,
Amer. Tel& Tel.
1741
National Steel Corp.
T. E. Fearce, Esq.,
Amer. Tobacco "B"
BOL
National Supply Corp.
81
C. O. Roberts, Esq.,
Change
Amer. Waterworks
9:
New York Central
161
Bank Bills, on demand 1082
SPOT
12-1/8
12 pence
off 1/8
Anaconda Copper
29
| Niagara Hudson Power
5
Hon, Mr. A. L. Shields, Sir Vandeleur M. Grayburm
Credits 4 months' sight 1137
APRIL
12-1/8
12
口嘅1/8
'Atchison, “T, & B, Fe..
221
N. American Aviation......
23+
Chairman.
38, Bishopsgate E.0.2.
Sub-Agencies In London:
117, 12, Leadenhall Street, ROL West End Branch; 14/18, Cockapar Street, 8.W.1. Manchester Branch:
52, Mosley Street, Manchester, 1. "AGENCIES AND BRANCHES:
HARSIN HONG KONG ILOILO 1POR
ALOE STAR AMHITHAN BANGKOK
BATAVIA BOMBAY
BALOUTTA
KARACHI KLANG "AGE-FOIER: KOOB
Chief Manager. | FRELAX PLACT
RANGOON BAIGON
PENANG
BEREMBAN
SHANGHAI
BINGAPORE
BITIAWAN
On Saigon:-
MAY....
11-7/8
On demand
106
JUNE
11-11/16
11-13/16 11-9/15
off. 1/16 Auburn Motors
11
CLTH PET KUALA CANTON
KOUBANIYA
LUMPUR
TALPING
North American Co.
211
On Manila:-
On demand
On Bangkok:-
JULY-SEPT.
11-1/2
11.7/18
of 1/16 Baltimore Ohia off
Branches:
CAWNPORR
KUCHING
TIENTSIE
61
Northem Pacife
8
CKU
MADRAS
YONGXAH
46
OCT,-DEC.
11-1/4
11-3/16
On demand
150 1/2
Ou Sterling Notes:---
Bank Buying Rate
Bar Silver per of
1/3 31/32 20 13/16
ما
..... 10.71/72
10.38/38
10.51" N
}
......
9:89/89
}
9.75 N
ว
9.72 N
Spot
10.97 N
Shanghai Exchange
March
May
July
September
December
18.67b/70a
18.62/63
Market Report
FROM KOZA BROS.
Silver prices dropped yesterday the extent of 1/4 for Ready and 3/16 for Forward, the quota tions being 20.13/16 for both de- Hveries - Silver advices reported a little generai selling. A Small business was done. The market was quiet. -American Sver was quoted at 34.3/4 for Spot.
The London-New York cross- rate was quoted at 402.1/2 New York-London was quoted at 337. 1/2
Qüiël.
Market
Sterling
Bome business was reported at 1/2.27/32 for Cash early in the morning. The market closed with sellers at 1/213/16 March-July and 1/225/32 August-November, buyers at 1/27/8' Cash, 1/2.21/32 June and 1/2,13/16 September.
U.S. Dollars Some büsiness was reported during the early part of the morn- ing at 23.6/16 for April. The market closed with sellers at 23. 5/16 March and 25.1/4 April, buy- ers at 23.3/8 March, possibly Cash! and 23.5/16 April
Shanghai Dollars
357.1/2, possibly 367.3/4.
Shanghai Market
Sterling 4.1/8 and US Dollars
4.1/2 both sellers for Spot.
The market was dull owing to the lack of interest. NEW YORK COTTON: There is fresh development in Bethlehem Steel
Bilas & Co. Washington. Bombay interests were sellers while Trade buying on the scale down furnished the effler support of the day and subse-Boeing Airplane Co. foreign
closed Borg-Warner markets quently "caused a fair sized rally after Opinions regarding the subsidy programme and possible higher Loan Bridgeport Brass Corp.
Briggs Mig. basis are generally favourable,
Brooklyn-M'hattan Trans. NEW YORK RUBBER: Some selling on the weakness of the Brooklyn-Manhattan $6..... Sterling exchange was in evidence.
Canadian Pacific R'way. Case, JI Celanese
CHICAGO WHEAT: There was no follow up after the early strength on unfavourable crop reports. The weakness in Sterling exchange and the latest news of the Finnish peace settlement were today's disturbing influences.
NEW YORK STOCKS: 148.37; Change, up 22.
NEW YORK
New York Cotton, May New York Rubber, May Chicago, Wheat, May chicago Corn. May New York Hides, June
NEW YORK COTTON March May July
July (New contract)
{ October, December ( January
Close
10.92/93
High Low Close Close Change
10.72 10.85 10.71 10.70 ..01 off 18.77 18.66. 18.62 18.65 .03 up Corn Products
Total sales Monday:-66,300 bales.
Last notice day for March cotton:-15/3/40. NEW YORK RUBBER
1/16 Barber Asphalt Co. D 1/18 Barnsdall Oil
Bendix Aviation
15
Owens-linols Glass Co.
61
Amoy
Johore Rangoon
11
Pacific Gas & Elec
334
Bangkok Kobe
331
Batavia
Kowloon San
Pacific Lighting
471
Bombay
Kuala
77
Packard Motors
37
Do
Calcutta
Lumpur Shanghai
151
Pan-American Airways
187
Canton
London
23
Paramount Pictures
Chefoo
Lyons
221
Pennsylvania RR.
121
Colombo
Malacca
Sungai
104
Phelps-Dodge
37
Dairen
Manila
221
Phillips Petroleum
391
Foochow
211
Pittsburg Coke & fron
Haiphoog
937*
Bankow
Public Service of NJ:
Harbin
6+
Pullman Inc.
681
Pure Oil
Iloilo Ipoh
31
Radio Corpn. of Am.
Chesapeake & Ohio Chrysler Corpn."
301
Reading Company,
Com
15*
861
Reading Company, ist pfd
24
Previous close. 148.15: Today's close. Climax-Molybdenum Co.
391
Remington Arms Co., Ine,
4*
Colts Patent Fire Arms
78-
|Republic' Aviation Corp.
51
Columbia Gas & Elec.
51
Republic Steel
201
Columbla 6% “A” pl
88*
Revere Cop. & Brass Inc.
123*
COMMODITY MARKET. (REUTER'S SERVICE)
Commercial Credit Co.
461
Reynold Tobac. "B"
417
Cam, & Southern (Ord.) ...
ik
Richfeld Ou
Consolidated Edison
31
Safeway Stores
511
Prev. Today's
Consolidated Oil Continental Can Continental of Copperweld Steel,
Muar
Saigon
HAIPHONG
Francisco HAMBURG
HANKOW
Singapore
Bourabays
Patani Swatow
(Johore) Tientsin Mukden Tokyo
New York Tsingtaq Peiping Yokohama Penang
NEW YORK PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transactai.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or aborter perioda in Local or Other Currencies at rates which will be quoted on application. «
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPUam 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.
Atso up to date Bar DEPOSIT terms which may be ascertained at. Box in various sizes To Lat any of the Agencies and Branchen.
R. A. CAMIDGE,"
"Manager.
Hong Kong, 28th February, 1940,
COLOMBO DELUJ
MANILA
(Bbutes)
MIDAN
ΣΠΙΝΩΤΙΟ
YOKOHAMA
71
Schenley Distillers
13
461
Sears Roebuck
23
Shell Union Oll ....
101
HONGKONG SAVINGS
BANK
!!
THE CHASE BANK
16*
Socony-Vacunum" Oil
11t
1051
102) 1041 103+ 567 563 14.38 14.15
1
off Curtiss Wright (C)
561 561
+
Curtiss Wright “A”
14.23 14.15
.08 off Deere & Co.
Opening
10.87/87," 10.67/67
Closing
Change Distillers Corpn, Séagra75
10.82/82
10 off Douglas Aircraft
10.70/70
01 of Du Pont de Nemours
10.34/33
10.42/42
.04 up
Eagle Ficher Lead
10.466
10.55 N
.04 up
Eaton Mfg. 00, ..........
9.85/83
9.93/94
.04 up Elec, Autolite
9.70/89
9.79/79
04 up Elec. Bond & Share
9.65b
9.75 N
03 up Elec. Bond & Share $5 pf... 57*
10.96 N
.01
of Elec. Bond & Share $6 pf.
Elec. Power & Light T7 pf.
Fisk Rubber
anntkote
Gen. American Trans,
Gen. Electric
18.55b/63a
18.44/44 18:40/48
18.37/37
18.40/39
18.12/13
18.836/72 18.65/95 18.47 N 18.37b/40a 18.20/20
01 up
Gen. MotorS
.03 up
Gen. Railway Signal'...
.03 up
unch.
Gen. Tire & Rubber
Glidden Co.
08
קטן
Goodrich (B.F.) .................
Shanghai, Mar. 13 (Reuter).
official T.T. Rates:
London ......
0/4
New York.
Japan
India
Parts Hongkong
6-1/4
Total sales:-2,180 tons.
Last trading day:—27/3/40, CHICAGO WHEAT
Goodrich $5 pt.
Goodyear Tire & Co.
Great Northern Iron Ore ..
Great Northern Rly, pfd.
26-5/8
May
22-1/8
3.94 8-3/4
July
September
1041/1042 1037/1034 1024/1027 1023/102. 1012/101
-1034/1031 101/1011
1002/1003
1
off
Great Western Sugar
11 off
Greyhound Corpn.
1 off
Hercules Powder Co
Saliers
Monday's sales 29,279,000 bushels.
Homestake Mining
International Harvester
sput
Opening `0/4-1/8
Closing
CHICAGO CORN
Mar.
0/4-1/8
0/4-9/64 0/4-9/64
May
561/561
564/581
561/561
off Int Nickel"
July
573/571
563/587
Apr.
0/4-5/64
0/4-3/32
September
572/571
571/57)
i on Johns Manville
of Int, Tel. & Tel.
U.S. Dollars
Sput
$6-15/32
$6-1/2
WINNIPEG WHEAT
J. & Laughlin Steel ST pfd. Kennecott Copper
Mar.
6-7/16
6-1/2
May".
Apr.
6-11/32
6-13/32
July October
891B -903/907
911A
891/891
881B 894/891 91 B-
Z of off
#oft
NEW YORK HIDES
14.23/23
14.23b/27g 14.15/17 14.45b/48a, 14.49/49 14.45/46 34-3/4..
.08 of unch,
3.77-1/2
Market,-Quiet,
Merchant Rates
Sterling. 0/4-1/8.
US. Dollars, $6-1/2,
Today's Silver Duty Rate
Shanghai, March, 13. The Central Bank of China's rate on London at 10 am, today was 1/2-1/2d.
The Equalisation rate was 9-1/2 per 'cent
Calcutta Exchange
Calcutta, Mar. 12 (Reuter). T.T. on Japan, 81-3/4.
New York Exchange
New York, Mar. 12 (Reuter). TT, on London (Opening Rate). 7.84-1/2.
India Rupee Paper
Bombay, Mar. 12 (Reuter). Government 31 % Rupee, 94-08-0 nominal..
LONDON METALS
EXCHANGE
London, Mar, 12 (Reuter), Onvers sellers TIN
£
Standard, Cash 256-3/4 257 Standard.....
3 months 255-3/4 256 Standard,
Bet'ment Price 257
Straits ...
June September New York, Official :...... 34-3/4 NY-London Cross Rate 3.86
SILVER MARKET
London, Mar, 12 (Reuter). Silver-Little General selling. Very poor support. Business 'small, Market quiet. In the afternoon. the market was dull, with no business transacted,
Spot, 20-13/160.. Forward, 20-13/16d.
NEW YORK SILVER New York Mar. 12 (Reuter). Silver, Öméial, 34-3/4.
BOMBAY SILVER Bombay, Mar. 12 (Reuter).
Offtake 50 bars.} Market-Quiet.
Indian Mint Süver
Ready Apr. 3 Settlement May 1 Settlement
57-05 57-08 57-12
ANGLO - DANISH TRADE AGREEMENT
LONDON, Mar. 13 (Reuter)-A wartime Trade Agreement was Initialed yesterday on behalf of the British and Danish Govern- ments to facilitate he normal
TRADE ISSUES IN ITALY'S NOTE OF PROTEST
LONDON, Mar. 18 (Reuter;- Commenting on Anglo-Italian
Hizb
1939/40
DOW JONES. AVERAGE
Low Dow Jones Aviragon'
· 166.98 131.41 30 Industrials
35.90 24.14 20 Ralla
37.70 $0.70 10 Ubiliones
Mar. 11, High Low Close 148.15 149:45 14293 148.57
Changa. 22 up .06 ott 023 oh 88,98 11 p
* 59,52;*.13 of Business Done-880,400 shares
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL is conducted by the HONGKONG
& SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI
HEAD OFFICE:
18, PINE ETEENT,
NEW YORK. Aa American Bank offering cum
plete Foreign Banking Service BANKING CORPORATION.
· in the principal Markets of the V. M. GRAYBURN,
world. Chief ManagerInterest Bates on Application.
Head Office:--HONG KONG No. 10 Des Voeux Road, Central
Board of Directors:
Bir Bhouson Chow, Chairmaą -
Li Koon Chan, Eag
Li Lep Sang, Esq. Wong Chu Son
P. K. Kwok, Esq. Wong Kun Tong, Esq. Kan Ying Po, Bag, Chan Ching Shon, Roq. Fang Hing Was Beg Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Mansgir,
HateTa
Branches and Agencies :-'
Kowloos
Singapora Ladon Baroon Bourabaya
Belgien SWALOW, Malbooras "ézá Frans Bydigy Nagasaks New York Beattis Vancouvar
Bentarang Shanghal
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHANE NATIONAL BANK, NEW YORK, with Besources of cost- „U.S.$2,900,000,000,"
D. M. BIGGAR,
Second Vice Prsa.
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 (HINA) 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....
4
Read 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 Currency and Fixed Deposits re- CANTON ceived for one year or shorter SWATOW periods in Local and Foreign Car- SHIUCHOW fencies on terms which will be quoted on application.
SATE: DEPOSIT Bozza To Las..
KAN TONG PO,
Chief Manager.
INDO-CHINA
trade negotiations, the Manchester STEAM
Guardian points out that, while
the awkward coal dispute has
NAVIGATION COMPANY LTD.
been settled, Italy's note of Operating Services for Cargo and Passengers
protest, which raised
SWATOW, SHANGHAI, TSINGTAU, CHEFOO.
greater TO- "“isques` than ・ the stoppage of German coal, remains to be answered; 7
The paper points out that the stoppage of German exports was forced on the Allies by Germany's illegal methods of sea warfare.
In a trade agreement, Italy may now find compensation for the inases which German legality forced on.
LONDON GOLD
London, Mar, 12 (Reuter).. Bar Gold, Fine per oz., '168.
The Committet already in ex
and TIENTSIN:
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN A
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where passengers sad cargo are landed.
For further particulars
please apply to
JARDINE MATHESON& Co.LTD.
flow of trade as far as possible istence will deal with questionsLEPHONEJŠOJII-GENERAL MANAGERS
under the present conditions." arising under the new agreement,
KONGMOON TOISHAN
KINGCHOW
We also handle, the insus of Bonds and other Publio. Funds of the Chinese Government both at Home and Abroad.
BHOU J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK
(luetipoented (ni Oblaj)
| Ganova) Barking Facilities and Financial'âgeats to The Provincial Government of Kwangtang Bead Once-Shiukwan, Kwangtang Province, Hoogkong Branch --Queen's Bldg., 5 Chater Ed.
· Cable Adilemana="PROVINCIAL” 2009, 9643.
Telephones: M 20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA' Correspondente in New York, and London: Paid Up Capital N$10,000,000. Beserve Capital ~................ N$10,500,000.
AUYANG M.NLY,
[Krogkɛmg'Maangor.
A Job?
Consule WANT ADS
52+
Southern Pacific
123
10$
Southern Rly $5 pfd.
281
291
Sperry
22
Spicer Manufacturing Co. 33
191
Standard Brends
811
Stand Gas & Elec.
14
186
11
Standard Oil of California
234
114
Standard 01 of NJ......
437
.33
Stone & Webster
91
39,
Studebaker Com
112
Hong Kong, 25th Feb., 1939,
57
Swift International
32
Technicolor
154
65+
Texas Corpn.
451
231
Texes Gulf Sulphur
33!
BANK OF EAST ASIA, LIMITED
15
Timken-Axle
23j
191
Trans-America Co.
61
511*
20th Cent, Tor.
118
Authorised Capital......$10,000,000,00 Paid Up Capital .................... 5,598,800.00, Reserve and Undivided
!!
381
20th Cent. Fox. $it pt. ...mo
Profits
2,883,933:01
541
Union Carbide & Carbon
167
Union Pacific
» 95
201
United Aircraft
471
18
United Airlines Trans
171
10+
United Corpn.
21
69
United Corpn. $3 cum pí.
381
234
United Gas Corpn.
11
14
United Gas Improvement
131
237
U.S., Industrual Alcohol.
213
251
U.S. Rubber ....
361
16)
US. Rubber$8 pfd.
115
941
US. Steel.
571
\
58
Vanadium
35
521
Walworth Co.
53
Amoy
357
Warner Bros. Pict.
33
441
Westinghouse Elec..
113
Bombay Calentia
Balphong
721
Woodward Iron Cor.
241
58
Chase National Bank
343
Backey
cache. Lobe
Potplek
.362
National City Bank
281
*~-bid.
1-, div.
Mar. 13, 1940.
30.80
24.12
31.01 30.73 30.75 24 20 24.05 24.09
29.99 84,51 40 Bonds
88,85
*# 85.67 45.59 11 Commodity Index 49.65