Buyers
37-1/4
36-1/8
Buyers 37 cts. 37-1/4" 35-3/4 36-1/4 34-1/2 34-1/4 35
Previous close. Today's close
Buyers
Buyers
11-18
Credits 4 months' sight 1137
11-1/8
On Salgon:-
Un demand
On Manila:-
11-178
11-1/18 11
On demand
On Bangkok--
On demand
On Sterling Notes:--
די
July (New contract) October ( December ( January (
1
}
}
Market Report
"OCT,-DEC:
The market was firm.
NEW YORK COTTON: The market is without any definite trend and is fluctuating in sympathy with news of varying import NEW YORK RUBBER: The dawnturn was accelerated by stop- with Commission loss orders dealers continued selling together House quidation. The irregularity of stocks, failure, on the part of tanners to show more interest bf actuals and fear that packers will lower their selling prices were the main influences. Market appears oversold.
FROM ROZA BROS. Silver prices rose 1/4 yesterday for both deliveries, the quotations
CHICAGO WHEAT: The market was frm and fairly active after Ready
The Trade was aided by the being 20.15/16 for both and Forward. Silver advices re- being easier on early local selling.
Armness of the mill markets and buying by large Eastern interests. ported India as having bought to a small extent. The market was The official weather forecast over this week-end shows no indica- steady but quiet American -tions of moisture in the South-West.
ver was quoted at 34.3/4 for Spot.
The London-New York cross arte was quoted at 402.1/2, New York-London, was quoted at 371.
1/8.
Market
The market was steady.
Sterling
There were sellers at 1/2.27.732 March-June, buyers at 1/27/8 for
Cash.
U.S. Dollars Uncertain at the opening and subsequently sellers were quoted at 22.7/8" for Cash leading to busi- ness at 227/8 April. The market closed with small sellers at 23 for Cash and 22.15/16 first half April, buyers at 23.1/16 for Cash and 23 April.
NEW YORK STOCKS: Previous close, 146.53; Today's close, 145.76: Change. off 77.
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
New York Colton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May New York Hides, June
NEW YORK COTTON May July
Bethlehem Steel
Bliss Co.
Boeing Airplane Co. Borg-Warner
Case, JI.
10-15/15
10-HONGKONG DAILY PRESS
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 16, 1940
On London
Telegraphic Transfer. 1/ 25/32 Bank Bilis en 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: "
88 8 8 8 8 8
Telegraphic Transfer.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW (FROM PAYNE & CO.)
3PO
52 3/8
90 1/2
SINGAPORE RUBBER
NEW YORK MARCH 18, 1940. Previous March 18
Closing Opening Closing Change
SPOT APRIL-JUNE
JULY-SEPT.
The market was steady but quiet. LONDON RUBBER
and demand. „..............}` "On New York:-
Bank. Bills, on demand 22 1/2 Credits: 60 days' sight 23 3/8 On Batavia:
On demand 41 3/4
On Paris:-
Bank Bills, on demand 1089
SPOT
APRIL
MAY
108
JUNE
JULY-SEPT.
45
150 1/2
Bank Buying Rate
Bar Silver per os.
1/331/32 90 16/16
NEW
STOCKS
Adama Express
YORK STOCK EXCHANGE
QUOTATION
(REUTZA'S SERVICE)
Last Sale
Mar, 18
MARCH 17, 1940, STOCKS
Last Sale
Mar. 16
7།,
Laxey Foundry & Mac....
4*
Alleghany Steel Co.
21.
Libbey-Owens-Ford
Olass
30
Allied Stores
73
Lockheed Aircraft
281
"Proprietors
.$20,000,000
Allis Chalmers
36
Loew's Inc.
36.
Aluminium Ltd. ......
DBA
Lot Incorperated
271
Head Office:-HONG KONG
Amer. Can ......
114
Mack Truck Inc.
2+
American Cyanamid B.
371
Martin, Glen L.....
391
Amer. & Foreign Power
12
McKesson & Robbins, pfi. 241*
Board of Directors: H. V. Wilkinson, Esq.,"
Amer& Foreign $7 pf.
22
Monsanto Chemical
1101
American Gas & Elec.
34
Montgomery Ward
521
Amer. Locomotive
19
National Aviation
113
Amer. Metals Co.
231
Nat, Dairy Products
161
unch. up 1/8
Amer. Radiator
83
Nat, Distillers
241
A. H. Compton, Esq.,
Amer. Rolling Mill.....
14
National Gypsum
101
Hon. Mr. S. H. Dodwell,
up 1/2
Amer. S'ting and R'ing Co.
.471
National Lead
201
G. Miskin, Esq..
TH
Amer. Sugar Refining
K. S. Morrison, Esq.,
19*
Nat, Power & Light
73-
Amer. Tel, & Tel.
T. E. Pearce, Esq.,
172
National Steel Corp.
851
Amer. Tobacco "B"
C. C. Roberta, Esq.,
871
National Supply Corp.
ទ
Change
Hon. Mr. A. L Shield,
Amer, Waterworks
81
New York Central
15
Anaconda Copper
271
Niagara Hudson Power
5
Atchison, T. & S. Fë.
21#
N. American Aviation
214
Market closed
Auburn Motors
11
North American Co.
201
Branches:
Baltimore & Ohio
41
Northern Pacific
71
Barber Asphalt Co.
14
Owens-Illinois Glass Co. ...
601
Amoy
Barnsdall Of .......
Pacific Gas & Elec
391"
Bangkok
Joho're Rangoon Kohe Saigon
MONDAY, MARCH 18, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. 850,000,000 |
Reserve Funds:
Sterling
INDIA, AUSTRALIA AND CHINA
Mi
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1813 Paid-Up_Capital ....,£3,000,000 £6,000,000 Reserve Fund
..£3,000,000
£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
Chairman.
Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq.,
Sir Vandeleur M. Grayburn,
Chief Manager.
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.8 Sub-Agencies In London: 117/12, Leadenhall Street, E.0.3. West End Branch:
"
14/16, Cockapur Street, S.W.1.. Manchester Branch:
02, Mosley Street, Manchester, 1.
ALOE STAR AMRITSAR
PENĀKO BANGOON
AGENCIES AND BRANCHES:
HARDIN FONG TÙNG
ILOILO IFOR
KARACHI
BANGIOX
BATAVIA
BOMBAY
DALCUTTA ELANO
AGENCIES: KOBA
CLICK STABLET
FAIZLIK BLACK
CANTON
CAWN PURE CU
KUALA
BAIGON
BIBIMBAN
SHANGHAI
BINGAPORM
BITIAWAN
'SOURALATA
LUMPUR
TAIPING
KUCHING MADRAS
TIENTSIN
TONGKAR
COLOMBO
MANILA
(Bhuket)
DELKI
TSINGTAO
Batavia
Bendix Aviation
Kowloon San
314.
Pacific Lighting
47
HAIPHONG
NEW YORK
TOKOHAMA
Bombay
Kuala
Francisco HAMBUNG
723
Packard Motors
31
Calcutta
Lumpur Shanghai HANKOW
128
Pan-American Airways
177
Canton
London
Singapore
203
Paramount Pictures
71
Chefco
Lyong
Sourabaya
22
Pennsylvania R.R.
21
Colombo
Malacca
Sungei
Bridgeport Brass Corp. Briggs Mfg.
101
| Phelps-Dodge
353
"Dairen
Manila.
Patani
211
Phillips Petroleum
381
Foochow
Muar
Swatów
Brooklyn-M'hattan Trans.
221
Pittsburg Coke & Iron
74*
Haiphong (Johore) Tientsin
Baukon
Brooklyn-Manhattan $6....
Mukden Tokyo
851*
Public Service of N.J.
414*
Harbin
New York Tsingtao
Canadian Pacific R'way
51
Pullman Inc.
26
floilo
871
Pure Oll
9.
Ipoh
Celanese
29
Radio Corpn. of "Am,
8
Chesapeake & Ohlo Chrysler Corpn.
39
Reading Company,
Com
15.
841
Reading Company."1st pid
25*
Climax-Molybdenum Co.
321
Remington Arins Co., Inc.
31*
Colts Patent Fire-Arms ...
724
Republic Aviation Corp. :..
51
Columbia Gas & Mec. ...
54
Republic Steel
19
Columbia 6% ""A" M. Commercial Credit Co. Com, & Southern (Ord.) ...
872°
Revere Cop. & Brass Inc.
12.
451
Reynold Tobac. "B"
413
11
Richfeld Oll
61
Consolidated Edison
30%
Safeway Stores.
50
Consolidated Ou
74
Schenley Distillers
121
Continental Can
454
Sears Roebuck
83
Prev. Today's High Low Close Close Change 20.50 10.51 10,84 10.52 12 off 18.11 18.00 18.11b 88.08b 09 off
102 1002
1011 1077
1 up 50 551 58
of 552 13.75 13.51 13.83 13.60
Continental Oil
22
Shell Union Oll
101
Copperweld Steel
15
Socony-Vacuum Oil
113
Corn Products
062
Southern Pacifie
12
Curtiss Wright (C.)"
91.
Southern Rly $5 pfd.
261
Curtles Wright "A"
307
Sperry
41
Deere & Co.
21.
Spicer Manufacturing Co.
23 off
Distillers Corpn. Seagrams
182
Standard Brands
67
Douglas Aircraft
Close 10.64/64
Opening
10.56/56
Closing
10.52/52"
771
Stand Gas & Elec.
14
Change
Du Pont de Nemours
185
Standard Oll. of California
223
12 off
Eagle Ficher Lead
107
Standard Of of N.J.
434
10.39/39
10.33/34
10.29/20
10 of
Eaton Mfg. Co.
32
Stone & Webster
01
10.53 N
10.44b/460
10.43 N
.10 of
Elec, Autolite
371
Studebaker Com,
104
Hong Kong, 5th Feb, 1938.
9.83/83 #
5.62/68
9.78/74 9.58/59
9.70/70
.13 off
Elec. Bond & Share ....
57
Swift International
28
9.58/56
1
.12 off
Elec. Bond & Share $5 pr.
573
Technicolor
147
"
>
9.63 N
9.54/54
9.51 N
.12 of
Elec. Bond & Share 36.pf.
671"
Texas Corpn.
447
Shanghai Dollars
||
Spot
10.90 N
10.77 N
.13 off
Elec. Power & Light $7 pí.
27*
Texes Gulf Sulphur
331
BANK OF EAST ASIA, LIMITED
359.
Shanghai Market
4.1/8 sellers for Spot
Total sales Friday:-49,800 bales.
Last notice day for March cotton:-15/3/40.
NEW YORK RUBBER
Fisk Rubber
151
Timken-Axle
211
-14
Flintkote
19
Trans-America Co.
Gen, American Trans.
50*
20th Cent. Fox.
112
Gen. Electric
"Authorised Capital. $10,000,000.00
Paid-Up Capital..........
5,599,000.00 Reserve and Undivided
Peiping Yokobama
Penang
CURRENT ACCOUNTS opened in
PRIPING
(Peking)
FOREIGN EXCHANGI and General Banking Business transacted. ·
CURRENT Accomms opened and FIXED DEPOSIT received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGE ACCOUNrs also opened in Local Currency and Starling with interest allowed at rates obtainable
LOCAL CORBENUT and FIXED DEPUITS on application. received for ene year or shorter The Bank's Head Office in London periods. in Local and other Gur-undertaken Executor and Trustee... rencies on terms which will be business, and claims recovery at quoted on application.
British Income Tax overpaid, on
Ato up to date SAT DEPOSIT torms which may be ascertained at Boxes in various sites To Lar any of the Agencies and Branchen. "Hong Kong. 28th "February, 1940.
R. A. CAMIDGE,
"Manager.
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.
THE CHASE BANK
14, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STRET,
NEW YORK. An American Bank offering oc
plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by ..THK CHABE NATIONAL BANK, Naw Yonk, wịth Resources of oran U.8.$1,900,000,000,
"
D. M. BIGGAR,
Second Vics Pras...
377
20th Cent, Fox. $1 pf.
Shanghai Exchange
March
18.20b/26a ·
g
May
18.11b/7a 18.15b20a
Shanghai, Mar, 16-(Retuer).
mcial TT. Ratex
July
18.00/00
18.02/03
18.20b/25a 18.08b/103 17.98/98
"unch.
Gen. Motors
521
Union Carbide & Carbon
844
Profita
2,883,032.01
-.03 Of
Gen, Railway Signal
.02 off
Gen. Tire & Rubber
September
17.90790
17.926/990
London
074
December
17.74/74.
17.90/90 17.75/75
unch.
Olidden Co.
.01 up
Goodrich (B.F)
New York
8-3/16
Goodrich $5 pf.
Japan
26-1/4
India
22-1/8
Paris
2.94
Total sales:--820 tons.
Last trading day:-27/9/40, CHICAGO WHEAT
Goodyear Tire & Co, ......
Great Northern Iron Ore
Great Northern Rly, pid,
Hongkonz
26-3/4
May
*1011/1011
Sellers
July
991/99
101/1001 984/98
Opening Closing
September
981/98)
1012/102 993/997 99/991
up
Great Western Sugar
4 up
Greyhound Corps.
Hercules Powder Co.
Spot
0/4-1/4
0/4-1/8.
!
Homestake Mining
Mar
0/4-5/64
Apr.
.0/4-1/64
0/4-3/32 0/4-3/64
Friday's sales:-22,770,000 bushels.
14
International Harvester
CHICAGO CORN/
Int Nickel
U.S. Dollars.
May
56/56
551/55}
Spot
86-11/32.
56-3/8
July
581/581
552/553 58/561
of Int. Tel & Tel.
קנו 4
Johns-Manville
Mar.
6-11/32
September
571/571
57/57
I off
J. & Laughlin Steel $7 pfd. 56*
Kennecott Copper
6-1/4
WINNIPEG WHEAT
May p
July
88 b .891b
88/88
881B
t up
October
90+/901
881/891. 9078
# up
1 up
NEW YORK HIDES
June September
1939/40
13.83/84 14.06/08
19.75/71 13.99/05
New York, Official ... 34-3/4 NY-London Cross Rate 3.71-1/8
13.60/81 13.85/87
unquoted. 3.73-1/2
23 of
21 off
Low Dow Jones Averages Hieb -155,92 121,41 30 Industrials ..
27.70 20.70 0
6-9/32
Apr....... 6-5/32 Market: Steady.
Merchant Rates
Sterling, 0/4-3/32..
US Dollars, $5-1/4.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am today was 1/2-1/20
The Equalisation rate was 10-1/4 per cent
Calcutta Exchange
Calcutta, Mat. 16 (Reuter).
TT, or Japan, 85-378.
·New York Exchange
New York, Ma. 16 (Reuter). T.1 on London (Opening Rate). 3.71-5/8.
India Rupee Paper
Bombay, Mar. 10 (Reuter).. Govt. 34% Rupee, 94-02-0.
LONDON METALS
EXCHANGE London, Mar. 15 (Reuter).
Duyers
TIN
sellern
3
Standard, Cnah 251-3/4 252-1/4 Standard.
3 months 250
Etandard.
Set'ment Price 252 Straits: 277-1/4.
250-1/4
SILVER MARKET MONEY MARKET
HOMBAY SILVER
Bombay, Mar, 18 (Reuter).
Market.Quiet but steady. Off-
take 100 bars.
Ready
Indian Mint Silver
57-06 Apr. 3 Bettlement. 57-07 May 1 Settlement
57-11
STEEL PRODUCTION
No Difficulty In Obtaining Loans
LONDON, Mar. 17 (Reuter)-On B
25.90 24.14 20 Rails
Thilite 32.22 84.51.40 Bonds
85.67 45.59 11 Commodity Index 58.50
P. K. Kwok, Esq.
Li Lan Sang, Esq.
Wong Che Son, Esq, Wong Yan Tong, Esq. Kan Ying To, Bag. Chan Ching Shuk, Esq, Fang Ping-Wah Esq. Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.
Branches and Agencies ---
Kod Prag Loudon
Balphong
Banrocu
Singapore Bourabaya
Melbourne "San Fran- Sydney Zagnesies
iso Tisteda New York Beattie Vancouver Parkt
Puiping
3bangba
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter periods in Local, and Foreign Cur rencies on terms which will be quoted on application.
SAT DEPOSIT Boxts To LeT."
KAN TONG PO,.
Chief Manager.
BANK OF CHINA
Epecially 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 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 Omce: SHANGHAI “
Hong Kong Branch:
4, QUEEN'S ROAD, "C. South China Officer:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chiness. Government both at Home and Abroad.
BHOU J. CHEN,
Mandger.
THE KWANGTUNG | PROYINOJAL- BANK (Inspiracial dpmote te
la China)"
INDO-CHINAS
STEAM NAVIGATION COMPANY LTD.
the Money Market, despite a good Operating Services for Cargo and Passengers
turn-over caused by the demand for subscription to the new. War |Loan, borrowers experienced no
difficulty in obtaining loans.
TREASURY BILLS
IN 2
| ✅BRITAIN✨ LONDON, Mar. 17 (EWS)-The
At the average rate of £1-54, steel production of the British
were Isles is now stated by experts to £50,000,000 Treasury Bills
This was be at least fourteen-and-a-half-offered. and allotted. million tong yearly and, with the practically the same as yesterday.
Discount "of 43 per cent of the output of Australia, Canada, India and South Africa, the Empire as a application" gave satisfaction, es- whole is considered to be capable pecially as the total amount ap- of producing eighteen-and-a-half-rlled for showed an increase com- million tons, which is more than Pared with last week. double the annual output during the last war.
Wall Street closed heavy,
Production in the British Isles into coke for blast furnaces, to- requires seven-million tons plg-gether with seventeen-million tons Iron and this calls for the produc- of iron ore and ironstone and tion and delivery of some twelve-three-million tons of limestone and million tons of coal for conversion other materials.
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TLENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth 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. TELEPHONE SOJI - GENERAL MANAGERS.
General Banking Facilities and V
The Prevladal Government of Iwangtang Hand Offos--Bhinkwas, kwanginng Krovinos Boogkong Franch-Queen's Uldg., 5 Caster Bd. Cable Addresses—” ̃ ̃ROVINCIAL" 2059, 0545. Ta-phones:
20112, 20113, 20143, 20181, 31881.
· BRANCHES THROUGHOUT "SOUTH CHINA Correspondents in New York and Loddon. Pald Up Capital N$10,000,000. |Reserve Capits) ................ N$10,500,000,
AUYANG MANLY,
Hongkʊng Manager),
A Job?
WANT ADS
151
Union Pacifc
937"
19
United Aircraft
441
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
17
United Airlines Trans
172
181
United Corpn.
2
Board of Directors:
667
United Corpn. $3 cum pf. 381*
Sir Shouson Chow, Chairman
22}
United Gas Corpn."
12
Li Koon Chun, Esq.
13
United Gas Improvement
13
U.S.. Industrual Alcohol ...
211
271.
U.S. Rubber
341
161
U.S. Rubber $8 pfd, ......................
1120
941
U.S. Steel
541
55+
Vanadium
314
53+
Walworth Co.
5}
Amay
151
Warner Bros. Pict,
32
.41*
Westinghouse Elec,
1111
Bombay Caletta
Mandis
berzon
704
Woodward Iron Cor.
241*
344
Chase National Bank National City Bank
334*
Hankow Honoluin Robe
Bewaring
28]*
•bid.
1 div.
DOW JONES AVERAGE »
146,53
30.01
24.10
88.74
Mar. 17, 1940 Mar. 16, High Low Close 148.43 145 38 145.78 20.86 29.88, 29.78 24.07 34.00-24.02 68.10 59.35
Chanze
TT off .23 of 0 off .14 off 16 off
Business Doné-180,000 shares