..... $1.3/4
and demand
On New York:--
Bank Bills, on demand 22 1/2 Credits, 60 days' tight 23 3/8
On Batavia!---
On demand
On Paris:
Bank' Bills, on demand 1089 Credits 4 months' sight 1137
SPOT APRIL-JUNE
JULY-SEPT.
The market was steady but "quiet" LONDON RUBBER
SPOT
Buyers
38-1/4
Buyers 38 cts.
PAGE 10-HONGKONG DAILY PRESS
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
1940
MARCH 15 15
On London: "
Telegraphic Transfer. 1/9 25/39 Bank Bilis, en demand 1/2 25′33 Credits 4 months' sight 1:33,39
On Shanghal:
On demand ....
On Singapore:--
On demand
On Japan:-
#
On India:-
Telegraphic
On demand
PAYNE & CO.
24
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
350
52 3/8
95 1/2
SINGAPORE RUBBER'
Transfer.
82
NEW YORK, MARCH 14, 1940. Previous March 14
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICE
Lakey Foundry & Mač,
SATURDAY, MARCH 16, 1940.
HONGKONG
BANKING CORPORATION
Last Sale
MARCH 15, 1940, STOCKS
Authorised Capital....... $50,000,000
Last Sale
Mar. 14
7+
"Mar. 14
4.
Reserve Funda:
Sterling
Alleghany Steel Co.
221
Libbey-Owens-Ford
Olasa
401
Allied Stores
Lockheed Aircraft
291
Reserve Liability of
Allis Chalmers
374
Loew's Inc.
Proprietors
. $90,000,000
38:
Aluminium Ltd.
103
Lott Incorperated
29
Amer. Can
114+
Mack Truck Inc.
American Cyanamld B. Amer. & Foreign Power AmerForeign $7 pf.
·381
Martin, Glen L
42
1}
McKesson & Robbins, pfd.
241#
Head Office:-HONG KONG
Board of Directors: H. Y. Wilkinson, Esq.,
221
Monsanto Chemical
American Gas & Elec.
333
Montgomery Ward
Closing Opening Closing Change
Amer, Locomotive
201
National Aviation
Amer. Metals Co.
23+
Nat, Dairy Products
36-3/4
36-1/2
35-1/8 34-7/8
37-7/8 36-7/8. 35-1/8
DI 3/8
Amer. Radiator
8+
Nat. Distillers
244
up 1/8 unch.
Amer. "Rolling Mill
147
National Gypsum
11
Amer, Sting and R'ing. Co.
50
National Lead
21+
Amer, Sugar Refining
201*
Nat, Power & Light
71
K. 8. Morrison, Esq.,"
Amer. Tel, & Tel.
1721
National Steel Corp.
68
T. E. Pearce, Esq.,
Previous close Today's close
Amer. Tobacco "B"
C. C. Roberts, Esq.,
90+
National Supply Corp.
81*
Buyers
Buyers
Change
Amer, Waterworks
9
New York Central
18.
11-3/4
11-3/8
off 3/8
Anaconda Copper
281
Niagara Hudson Power
51
Hon. Mr. A, L Shields, Sir Vandeleur M. Grayburn,
APRIL
11-3/4
11-3/8"
off 3/8
Atchison, T. & S. Fe.
221
N. American Aviation
231
Chief Manager. FELIS PLACE
On Saigon:-
MAY
11-5/8-
11-5/16
off 5/16
Auburn Motors
11
North American Co.
2041
BANKS
& SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1883-
Paid-Up Capital $8,500,000 Reserve Fund
£3,000,000 .£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
priators
£3,000,000 HEAD OFFICE; LONDON:
Chairman.
Hon, Mr. J. J. Paterson,
Deputy Chairman.
n
J. E. Bousfeld, Esq., A. H. Compton, Esq., Hot. Mr. 8. H. Dodwell.
G. Miskin, Esq.,
38. Bishopsgata E.C..
Sub-Agencies In London: 117/12, Leadenhall Street, E.Qa West End Branch;
14/16, Cookspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 1
ALOR STAR AMRITSAR
PENANG BANGOON
AGENCIES AND BRANCHES:
KARDIN
HONG YONG ILOILO IPOR
BANGKOK BATAVIA BOMBAY
CALUUTTA
KARACHI
F BLANG
*AGENCIES! KOB
ÜLAVE STREAT
BAIGON
SEREMBAN
SHANGHAI
SINGAPORE
BITIAWAN
SOURABATA
TALPING
TIENTSIN
KUALA
On demand
106.
JUNE
11-7/16
11-1/4
of 3/16
Branches:
Baltimore & Ohlo
5
Northern Pacifte
71
On Manila:-
JULY-SEPT.
11-5/16
On demand
.... 45
4
OCT.-DEC.
11-1/16
11-1/18 10-15/16
off 2/4
Barber Asphalt Co.
141
Owens-lincis Glass Co.
61
Amoy
Jobore
"off" 1/8
Barnadal 01
111
Pacific Gas & Mec
331
Bangkok
Kobe
Rangoon *Saigon
CANTON CAWNPOES CKBU COLOMBO
LUMPUR
FUCKING
MADRAS
TONGEAH
MANILA
(-Bhuket)
DELKI
MRDAN
TSINGTAO
On Bangkok:--
On Sterling Notes:-
Market easter in the absence of interest. NEW YORK COTTON:
Bank Buying Rate... 1/3 31/32
Bar Silver per oz.
20 11/16
Sterling
Bel-
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May New York Hides, June NEW YORK COTTON
March May...
Close
.) 10.70/76 10.58/59
10.30/30.
July (New contract) October December if January Spot
10.44/44
9.72/12
9,59/59
}
9.55 N 10.82 N
"
Total sales Wednesday-126,0000 bales. Last notice day for March cotton:-15/3/40.
NEW YORK 'RUBBER
March
May
18.55/55 18545/450
July
18.35b/38
September
December
18.29/29 18.05/08
Total sales:-920 tons.
Last trading day:-27/3/40.
CHICAGO WHEAT
May
July
U.S. Dollars
September
982/981
Wednesday's sales:-32092,000 bushels.
CHICAGO CORN
Shanghai Dollars
May
-551/56
On demand. 160 1/3
Market Report
FROM ROZA BROS. Sliver prices rose 1/18 yesterday for both deliveries, the quotations being 20.11/16 for both Ready and Forward, Silver advices, reported India as having bought to a smali extent, for Forward delivery and Speculators as having sold. The market close steady with small buyers at the fixed rate. Ameri- can Sliver was quoted at 34.314 for Spot.
The London-New York Cross- rate was quoted at 402.1/2 New York-Londen was quoted at 371. 7/8"
Market
Quiet, but US. Dollars were a shade easier.
No business was reported, lers at 1/2.27/32 March-June, buyers at 1/27/8 Cash
U.S. Dollars
Opened with a possible seller for Cash at, 22.7/8. There were rumours of business done at 227/8 Cash. Subsequently business was arranged at 22.13/16 March and 223/4 April. The market closed at 1 pm. with sellers at 22.13/16 March, 22.3/4 April, buyers at 22. 15/16 Cash and 2213/16 April.
Shanghai Dollars 359.1/2 sellers for Spot.
Shanghai Market
Sterling sellers at 41/8 for Spot. U..8, Dollars opened with sellers 'at 4.5/18 for Spot and towards the
close the rate was 611/32.
AFTERNOON MARKET
The market was quiet in the afternoon.
Sterling
Sellers at 1/2.27/32 March-June,
buyers at 1/27/3 Cash..
Sellers at 227/8 Cash, 22.13/10
April, buyers at 22.15/16 Cash-
March, 22.7/8 Apr.
The market acted well in view of the some foreign continued weakness in the Sterling exchange and
quidation. Prices responded to a broader domestic Trade demand and to the scarcity of March notices. The cotton-goods market here is quiet but prices are firm. Spot market is quiet but steady.
NEW YORK RUBBER: Unsettled 'by the weakness of Sterling which kept buyers on sidelines. Liquidation was moderate likely to carry somewhat further.
Celanese
"CHICAGO WHEAT; Reflecting reports of large sales of ManitobaCase, wheat to England. The extension of the export subsidy for ship- ments to Europe enlightens the hope of a much better export en- "quiry for our wheat and this together with the growing realiza- tion that the poor crop conditions both in Europe and our South- West may result in heavy acreage abandonment should strengthen the market in the long run.
NEW YORK STOCKS; Previous close, 148.32; Today's close, 148.11; Change, of 21.
July
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
Chesapeake & Ohto Chrysler Corpn. Climax-Molybdenum Co. Colts Fatent Fire-Arms Columbla Gas & Elec. Columbia 6% "A" pl. ..... Commercial Credit Co. Com," & Southem (Ord.) Consolidated Edison Consolidated O Continental Can
Continental Oll
Bendix Aviation
Batavia
Kowloon
San
33
|Pacific Lighting
471
HAIPHONG
Bethlehem Steel.
Bombay
Kuala
Francisco BAMBURG
NEW YORK
PIPING
TUKUHAMA
751
Fackard Motors
37
Calcutta
Bliss Co.
141**
Pan-American Airways
181
Canton
London
Boeing Airplane Co.
22
Paramount Pictures
71
Chefoo
Lyons Sourabaya
Borg-Wamer
221*
Permaylvania R_R
Colombo
Bridgeport Brass Corp. ...
107*
Phelps-Dodge
371
Dairen
Manila
Briggs Mig.
211
Phillips Petroleum
387
Foochow
Brooklyn-M'hattan Trans.
221
Pittsburg Coke & Iron
7**
Haiphong
but is
Brooklyn-Manhattan $6.... Canadian Pacific R'way...
J.I.......
Bankow
89
Public Service of NJ.
411
Harbin
6.
Pullman Inc. ......
Iloilo
692
Pure Ou....
91
2911
Radio Corpo, of Am.
61
391
Reading Company,
Com 15
864
Reading Company, 1st" pfd
25
39
Remington" Arms Co., Inc.
31*
781*
Republic Aviation Corp.
51
51
Republic. Steel
20
87*
Revere Cop. & Brass Inc.
12+*
quoted on application.
461
Reynold Tobac. "B"
412
1
Richfield Ol
M
301
Safeway Stores
521
Schenley Distillera
13.
461
Sears Roebuck
811
223
Shell Union Oil
201
18.52
Prev. Today's High Low Close Close 10.67
10.62 10.59 10,58
1854b 1833 18.33
Copperweld Steel
104
Socony-Vacunum" Oll
11+
Change
06 "up
Corn Products
62
Southern Pacifie
121
Curtiss Wright (C.)
101
Southern Riy 35 ‹pfd.
271
Curtiss Wright "A"
.11 off
311
Sperry
432
Deere & Co.
1021 1014
217
1011 1017
i up
Spicer Manufacturing Co.
34*
Distillers Corpn. Seagrams
187.
Standard Brands
7
501
56 551 581
up
Douglas Aircraft
811
Stand Gas & Elec.
1
14.20 14.07
14.09, 14.14
05
up
Du Pont de Nemours
1861
Standard Oil of California
201
Opening
Closing
Change Eagle Picher Lead
11
Standard On of NJ.
441
10.79/79
10.87/89
..17
10.66/67.. 10.62/64
06
10.38/35
10.39/39
09. up
10.47/47
10.53/33
.09 up
9.73/73
9.86786
.14 up
9.60/60
·9.70/70
11
9.54/53
9.65/65
.10
10.88 N
08
៩៥ ៩៩៩ ៩៩ ៩
up
Eaton Mfg. Co.
33
Stone & Webster
DI
Elec, Autolite
382
Studebaker Com
114.
Elec. Bond & Share
6
Swift International
31
Elec. Bond & Share $5 pf.
581'
Technicolor
151
Elec, Bond & Share $6 pl.
67
Texas Corpn.
45..
Elec. Power & Light #7 pf.
271*
Texes Gulf Sulphur.
3371
BANK OF EAST ASIA, LIMITED
Up
Fisk Rubber
154
Timken-Axle
23
up
Flintkote
191
Trans-America. Co.
81
Gen. American Trans.
52
20th Cent. Fox.
11
Authorised Capital.....$10,000,000.00 Paid-Up Capital
5,599,600,00
Gen. Electric....
3821
20th Cent. Fox. 31) pi. ....
227
Reserve and Undivided
Profita
2,683,239.01
Lumpur Shanghai HANIOW (Peking)
Singapore
Malacon Sungei
Patani Swatow
Muar
(Johore) Tientsin Mukden Tokyo New York Tsingtao
Peiping Yokohama
Ipob .Penang
FOREIGN EXCHasor and General Banking Business transacted.
CURRENT ACourts opened and FLASD DEPOBts received for One Year or shorter periods in Losal 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 CURRENT and FIXED DEPOSIT
The Bank's Head Office in London received for one year or shorter 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 terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
ALBO up to date Sare DEPOSIT Boxa in various sires To LET Hong 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 HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 25th Feb., 1939.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINK 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 BOXE:
This Bank is entirely owned by TH CHABE NATIONAL BANE, NEW YORK, with Resources, of avai 17. 8. $3,000,000,000.
D. M. BIGGAR,
Second Fice Pria.
Gen. Motors ......
54
Union Carbide & Carbon
841
Gen. Railway Bignal
10*
Union Pacific
95
18.41 B 18.33/33 18.45/46 18.30/29 18.19b/208
18.10/10 # 18.21b/24a
17.90/90
.14 OR
Gen. Tire & Rubber
201
United "Aircraft
47.
21 off
Glidden Co. "....
13
United Airlines Trans
*181
.16 o
Goodrich (B.F.)
197
United Corpn.
2+
.19 off
Goodrich $5 pt.
68+
United Corpn. $3 cum pt. 391
.15 off
Goodyear Tire & Co.
23+
United Gas Corpn.
11*
Li Koon Chan, Esq.
Great Northern Iron Ore..
133*
United Gas Improvement
131
P. K. Kwok. Esq.
Great Northern Rly, pfd.
234
U.S., Industrual Alcohol, w
Great Western Sugar
271
U.B. Rubber
350
Greyhound Corpn.
10
US. Rubber $8 pfd.
115
1011/201 102/102 001/99!
991/901
1017/102 992/991.
up
Hercules Powder Co.
951
U.S. Steel
561
-J
up
Homestake Mining
571
Vanadium
341
#99/991
up International Harvester
53+
Walworth Co.
54
Amay
Int Nickel
354
Warner Bros. Pict.
34
Batatin
Bamber
Int. Tel. TeL
Westinghouse Elec.
112
Calenta
Johns-Manville ..
724
Woodward Iron Cor.
241
Haiphong
561/561
561/561
Up. J. & Laughlin Steel $7 pfd.
58*
Chase National Bank
369.
July
561/56
568/501
up
Kennecott Copper
351
National City Bank
344 29
Bankow Monald Kobe
Pulpink
Shanghal Market
September
57/57.
571/571
up
Eterling 41/8 sellers for Spot.
WINNIPEG WHEAT
May
87+/871
89JA
Shanghai Exchange
July
881B
88/881
Shanghal, Mar. 15 (Reuter).
October
90+B
88 B 901A
.99$
•-bid.
1-ex div.
up
up
up
" 1939/40
Official T.T. Rates
NEW YORK HIDES
High
DOW JONES AVERAGE
Low Dow Jones Averages 156.89 191.41 30 Industriala
Londori
0/4
June
14.09/10
14.10/10
New York
6-3/16
September
14.32/36 14.34/34
14.14/15 14.38/40
05 up
35.90 24.14 20 Ralls
27.70 20.70 20 Utilite
30 67 54.15
06 up
32.82 84.51 40 Bonds
88.03
Japan
20-1/4
New York, Official...... 34-3/4
34-3/4
85.67 45.59 11 Commodity Index 59.93
India
22-178
NY-London Cross Rate 3.77
3.71-7/8
Mar. 15, 1940, Mar. 13, High Low Close 148.32. 148,67 147.53 148.11
30.86 30.48 30.69 94.27 24.04 28.14 .88.00 58.99 Business Done -650,000 shares
Chance 21 off .15 off .01 off .03 of .06 up
Paris
Hongkong
2.94 28-3/4
Sellers
Spot
Mar.
April
U.S. Dollars
Spot
Mar.
$6-5/18 $6-3/8
6-7/32
Opening Closing 0/4-1/8 0/4-1/8 0/4-3/64 0/4-5/64
0/3-83/64 0/4-1/84
April ...... .6-3/32 Market: Steady.
Merchant Rates
Sterling, 0/4-3/32....
U.S. Dollars, $-1/4
Super Duty Hate
6-5/16 8-3/18
The Central Bank of China's
rate on London at 10 am. today waa 1/3-1/20
The Equalisation rate was 3-3/4 per cent.
Calcutta Exchange
Calcutta, Mar. 14 (Reuter); TT, on Japan, 83-7/8.
New York Exchange
New York, Mar. 14 "Reuter).
TT. on London Opening Rate). 3.74-1/2.
SILVER MARKET
London, Mar, 14 (Reuter).
Silver: Little Indian forward
INDO-CHINA
buyers, which was absorbed by STEAM
selling by speculators.. Business
small. Market quietly steady. In
NAVIGATION COMPANY LTD.
the afternoon, there were small Operating Services for Cargo and Passengers
buyers at the rate, but sellers TO were holding off. Market steady.
Spot, 20-11/166.
Forward. 20-11/184.
NEW YORK SILVER
New York, Mar. 14 Reuter),
Silver, Official, 34-3/4
BOMBAY SILVER
Bombay, Mar 14 (Reuter).
| Market. Qulet, Offtake 10 bars.
Indian Miot Silver Ready.charts
Apr. 3 Settlement
May 1 Settlement
India Rupee Paper
57-06
57-08
57-12
Bombay, Mar, 14 (Reutery, Cort. 31% Rupec, 94-02-0.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
And TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN.
HAIPHONG
All steamers berth alonguide the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further partionlar
please apply to
JJARDINE MATHESON&Co.,LTD. TELEPHONE ZOZIL. GENERAL MANAGERS
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in China?
General Banking Facilities and Financial Agents to The Provincial Government of Kwangtang“. Head Ofce--alukan, Kwangiang Provinos
·Hongkong Branch-Qarem's iškig.,5 Chater Ild. "Osbis Addresses-"PROVINCIAL" 2009, 9665; Telephones:
20112, 20113.2 20143, 20181, 21681. BRANCHES THROUGHOUT
SOUTH CHINA PER Correspondenta in New York and London Paid Up Capital ................. N$10,000,000.
Reserve Capital
N$10,500,000.
AUYANG- M »NLY,
Hongkong Manager.
A Job?
WANT ADS
THE MERCANTILE BANK
OF INDIA, LIMITED “
Head Omcat-15, Gracechurch Street: London, ECA Authorípad Capital ............ Subscribed Capital Paid-up Capital 1 Zapers Food and Rent,
BANKERS:
£3,000,000
£1,800,000
£1,060,000
£1,982,770
The Bank of England and Midland
Bank, Ltd. BRANCHES:·
Bangkok [pok Bombay
Calgutia
Xuantas
Delombo Delhi Galle
Handy
.
Kuala Trengga Madras
New York *** Proang Rangoon
Karch Kota Bhar
Shanghai
Bongbong
Kuala Lipis
Simla
Kuala Lumpur
Blugspore
HONG KONG BRANCH:
Every' description of Banking sod Exchang béinom transatad.
Travellers Chaques jamied,
· TRUSTEE AND EXECUTORSHIP SUNDERTAKEN.
UTRIENT 100OUNTS opened in"Looil_Our
Gy v FIXED DEPOSTEs ronivæð { Loos! Ournoy, JPEELING & U. 5. DOʻLAB♬ de berme. that may be saderzalnej on appliosTION.
D. BENSON,
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Shouson Chow, Chairman
Li Lan Sang, Esq. "Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Po, Rag. Chan Ching Shar, Raq, Fung Ping Wah Eng
Kan Tong Po, Eaq, Chief Manager.
Li The Fong, Esq., Manager,
Branches and Agencias :--
London Marila
Korlock Pasang Singapore
Bangoon) Bouralays Balgon Bwakow Malbouse "nean Sydney
stano Tiertata Bestla YADORETST Bemarang Shanghai
Sew York Parin
Every description of Banking and Exchange business transacted. Losas granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposite re ceived for one year or shorter! periods in Local and Foreign Cur- rencies on
terms which will be quoted on application."
Same Devollt Boxes To Ler.
KAN TONG FO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 - (BRANORES ALL OVER CHINA) Owing to our numerous Branebes 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, Q. South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinees Government both at Home - and Abroad.
SHOT J. CHEN,
Manager.