350
On demand ....
58 3/8
On Japan:-
On demand
SINGAPORE RUBBER
On India:-
Telegraphic
Transfer.
89
Buyers
On New York:-
SPOT
37-1/437-1/8
PAGE 10-HONGKONG DAILY PRESS
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 19, 1940
On Londen:---
Telegraphic Transfer. 12. 25/39 Bank Bills, en demand 1/2 8/33 Credits 4 months' sight 1/3 3,32
On Shanghai:-
On demand
On Singapore:-
and demand...]
80
PAYNE & CO.
"COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK, MARCH 18, 1940.
March 18 Previous Closing Opening Closing Change Buyers
NEW
STOCKS
Adams Express
YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
WEDNESDAY, MARCH 20, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Last Sale Mar, 18
MARCH 19, 1940. STOCKS
BANKING CORPORATION
Authorised Capital. $50,000,000
INDIA, AUSTRALIA AND CHINA
71
Lakey Foundry & Mac,
.
Alleghany Steel Co. Allied Stores
201
73
Libbey Owens-Ford Glass Lockheed Aircraft
Last Sale Mar. 18
481
Sterling
27
Proprietor
.$90,000,000
Allis Chalmers ....
38
Loew's Inc. .....
363
Aluminium Ltd.
99
Loft incorperated
281
Head Office:-HONG KONG
Amer. Can
1134
Mack Truck Inc.
211
American Cyanamid B.
37
Martin, Glen I
394
Amer. & Foreign Power Amer
1}
McKesson & Robbins, pid. 241*
Board of Directors:" H. V. Wilkinson, Esq.,"
& Foreign $7 pi
22-
Monsanto Chemical
108)
American Gas & Elec,
34
Montgomery Ward
521
Amer, Locomotive
19
National Aviation
112
Amer. Metals Co.
231
Nat. Dairy Products
J. K. Bousfeld, Esq.,
184
37-1/4
unch..
Amer. Radiator
81.
A. H. Compton, Esq.,
Nat, Distillers
243
Hon. Mr. S. H. Dodwell,"
Bank Bills, on demand 23 1/8 Credits. 60 days' sight 24
APRIL-JUNE
36-1/4 36 cts.
36-1/4
Amer. Rolling Mill
134
National Gypsum
101
G. Miskin, Esq.,
JULY-SEPT.
35 cts. 94-3/4
35 cts.
Amer. S'ting and Ring Co.
48
|National Lead
201
K. S. Morrison, Esq.,
Amer, Sugar Retning
19
Nat, Power & Light
On Batavia:-
On. Paris:-
On Manila-
On demand
Bark Bills, on demand 1089 Credits 4 months' sight 1137
On Salgon:-
On demand
On demand
On Bangkok:-
On demand
SPOT
- 13...
The market was steady but quiet. LONDON RUBBER
T. E. Pearce, Esq.,
Issued & Fally Paid-Up. 890,000,000 Incorporated by Royal Charter, 1883
Reserve Funds:
Paid-Up Capital £8,500,000
Reserve Fund H.K. Currency Reserve $10,000,000| Reserve Liability of Pro Reserve Liability of
prietors
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
£3,000,000 *******...---3,000,000
£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sub-Agencies" la. London: 117/122, Leadenhall Street, EC1. West End Branch:
14/15, Cockapur Street, S.W.1. Manchester Branch: 02. Mosley Street, Manchester, 1.
PENANG LANGOON
AGENCIES AND BRANCHES: ALOB BTAR AMRITKAR BANGKOK BATAVIA
KARBIN HONG LONG ILOILO
Amer. Tel & Tel
171
National Steel Corp.
€5
Q. C. Roberts, Esq.,
Previous close' Today's close
Amer. Tobacco "B"
88
National Supply Corp.
81
Hon. Mr. A. L Shielda,
Buyers
Buyers
Change
+
Amer. Waterworks
83
New York Central
151
11-1/8
11-1/18
off 1/16
Sir Vanileleur M. Grayburn,
Anaconda Copper
271
Niagara Hudson Power
5
APRIL MAY-
108
JUNE
JULY-SEPT.
48 1/4
OCT.-DEC.
150 1/2
On Sterling Note :-
Bank Buying Rate...
Bar Silver per oż
1/3 31/32 30 13/16
11-1/8
11-1/16
of 1/16
Atchison, T. & 8. Fy.
211
N. American Aviation
201
11-1/8
11-1/16 11
18 11
of 1/8
Auburn Motors
North American Co........
201
Branches:
o 17T8
Baltimore & Ohio
41
Northern Pacifc:
71
скат
CLIVE ÜTRE
Chief Manager. PARLIN PLACE LUMPUR
SANTON
DAWNPORE
TAIPING TIENTS15 TONGIAR
10-15/18
off 1/16
Amoy
Barber Asphalt Co.
141
Owens-Illinois Glass Co.
Вод
10-15/18
10-7/8
off. 1/16.
Bangkok
Barnsdall O
Sterling
Sellers at 1/2.27/32
March
June, buyers at 1/27/8 Cash.
U. S. Dollars
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May New York Hides, June NEW YORK COTTON
May. July
Market Report
FROM ROZA BROS.
Silver prices dropped 1/6 yes- terday for both deliveries, the being 20.13/16 for quotations Ready and Forward. Silver ad- ૩. having vices reported India bought and Speculators as having sold. The marke, was steady but quiet. American Silver was quot- ed at 34.3/4 for Spot.
The
London/New York cross- rate was quoted at 402.1/2, New York Londen was quoted at 377. 3/4.
Market
Quiet and without business,
Atter ruling uncertain, the market closed steady.
NEW YORK COTTON: The market developed remarkable ab- sorptive powers. Liverpool, Bombay and domestic long Interests sold actively. but offerings were well taken.
.NEW YORK HIDES: There was some small Spot' sales at con- cessions. The market was quiet but steady,
CHICAGO WHEAT: Pressure was light on continued dry wea- the in the South-West. The European politieal situation is being watched closely.
NEW YORK
STOCKS: Previous close, 145.76; Today's close. 145.59; Change, off .17.
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
Prev. Today's High Low Close Close Change 10.48 10.40. 10.52 10.47 05 on 18.17 18.07 18.08b. 18.14 :08 up
102 1001 1017 101)
off .557 551 55 654 unch. 13.62 13.42 13.80 13.59 .01 off
Bendix Aviation
Bliss & Co.
Bethlehem Steel
Boeing Airplane Co.
Borg-Warner
Bridgeport Brass Corp.
Briggs Mfg.
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $6....
Canadian Pacific R'way. `.. Case, JI.
Celanese
Chesapeake & Ohto Chrysler Corpn.
Climax-Molybdenum Co...
Colts Patent Fire-Arms ... Columbla Gas & Elec....... Columbla 6% "A" pt. Commercial Credit Co. Com, & Southern (Ord.) ... Consolidated Edison Consolidated 01 Continental Can
Continental Oil
Copperweld steel
Com Products
Close
Opening
Closing
Change
Curtiss Wright (C)
10.52/52
10.45/43
10.47/48
..05 off
Curtis Wright "A"
10.29/29
10.23/23
10.27/27
.02 off
Deere & Co.
Were available at the rate
23.5/16 for March
during
of
the
July (New contract)... 10.43 N October
10.33/33
10.41 N
.02 off
Distillers Corpn. Beagrams
9.70/70
9.60/61
9.85/65
.05 oft
Douglas Aircraft
the close
1
23.5/16
Shanghai Dollars
The market afternoon.
gbangbal Market
early part of the morning, buyers bidding 23.7/16. The market was
at with sellers at 23.1/4 March and 23.3/16 April buyers
a shade easier at
p.10.
at 23.3/8 and probably March,
357.1/2.
Shanghal Market Sterling 4.1/8. and US. 6.1/2 both sellers for Spot.
AFTERNOON MARKET
WES idle in the
Sterling
The market closed with sellers
at 1/2.27/32- March/June, buyers
a; 1/27/8 Cash
U. 8. Dollars
The market closed with probable sellers at 231/4 March and 23. 3/16 April, buyers at 23.5/16 Cash and 23.1/4 April,
Shanghat Dollars
Bellers at 358.
Sterling seilers for Spot
4.9/64 and U.S. Dollars.
Shanghai Exchange
Shanghai, Mar. 19 (Reuetr).
Omelal TT. Rates
New York, Official ...... unquoted NY-London Cross Rate 3.73-1/2
December (
}
9.58/56
9.47/48
.9.51/51
.05 0
Du Pont de Nemours
January
川
..)
9.51 N
9.38/38
9.46 N
...05
off
Eagle Picher Lead
Spot
10.77 N
10.72 N
.05 aff
Eaton Mfg. Co. ...
Total sales Saturday:-41,900 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER
Elec, Autolite
Elec. Bond & Share .........
Elec. Band & Share $5 pt.
4
Mee. Bond & Share $6 pt.
March
May
July
September
Dollars
December
18.20b/254
18.08/07 18.08b/10a 17.98/98 17.94/95 17.90/90 17.89/89 17.75775
18.25b/29a .05 up 18.14/15 .66_up 18.02/04a 17.95/95 17.81/81
Elec. Power & Light $7 pt.
.04 up
Flat Rubber .... Flintkote
.05 up
Gen. American Trana.
.00 up
Gen. Electric
Gen. Motors
-Total sales:-830 tops.
Last trading day: 27/3/40.
Gen. Railway Bignal
Gen. Tire & Rubber
1017/102
1017/1004
991/997
991/99
99/991
Saturday's sales:--18,036,000 bushels.
CHICAGO WHEAT
May
July
September
CHICAGO CORN"
May
554/557
551/551
July
562/661
September
57/57
551/551 561/581 57/57
unch.
of
unch.
WINNIPEG WHEAT
May
July
October
88 B "899/891
9078
88/87)
371B
off
831A
off Johns-Manville
901/001
at
Kennecntt Copper.
NEW YORK HIDES
June
September
13.60/61 13.85/87
13.50/44 13.70/75
13.59/59 · .01 off
13.83/83
02 off
Glidden Co.
Goodrich (B.F.).
1011/1012 991/991 981/987
off
Goodrich $5 pr.
"off 1 off
Goodyear Tire & Co,
Great Northern Iron Ore ..
Great Northern Rly, pid.
Great Western Sugar Greyhound Corpn.
Hercules Powder Co,
Homestake Mining
International Harvester Int Nickel
Int. Tel. & Tel
of J. & Laughlin Steel $7, pfd.
34-3/4 3.77-3/4
1930/40
High Low Dow Jones Averages
155.92 121.41 30 Industrials
London
New York
Japan
India
0/4
6-3/18
SILVER MARKET
28-1/4
22-1/8
LONDON SILVER
2.94
London, Mar. 18 (Reuter)..
Bar Gold. Fine per oz., 168.
26-3/4
Süver Speculators sold.
Indian buying. Business
Little small.
the market was quietly steady,
Spot: 20-13/10d.
...
LONDON GÖLD
35.90 24.14 20 R
97.70 20.70 20 Utilities
"72.99 84.51 40 Bonds
London. Mar. 18 (Reuter).
Sellers Opening Closing
Market quiet. In the afternoon,
Paris
Hongkong
Spot
·0/4-9/64 0/4-9/64
Mar
0/4-1/8 0/4-1/8
April
0/4-5/64 0/4-1/16
U.S. Dollars
Spot
$6-1/2
$6-1/2
Bulver, Official, 34-8/4
Mar.
6-15/32
April
6-3/8
0-15/32 6-11/32
BOMBAY SILVER
Market: Quiet
Merchant Rates
Sterling. 0/4-1/8.
US Dollars. $8-1/2
Silver Day Rate
The Central Bank of China's
rate on London at 10 am, today
was 1/2-1/24
orward, 20-13/16d.
NEW YORK SILVER
INDO-CHINA
New York, Mar. 18 (Reuter), STEAM NAVIGATION COMPANY LTD.
Bombay, Mar, 18 (Reuter). Market Barely steady. Offtake 50 bars.
Indian Mint Silver
Ready Apr. 3 Settlement
58-04 56-04
May 1 Settlement
56-08
The Equalisation rate was 9-1/2 LONDON METALS
per cent.
Calcutta Exchange
EXCHANGE. London, Mar. 18 (Reuter).
Calcutta, Mar. 18 (Reuter).
Buyers sellers TIN
R
T.T. on Japan, 64-5/8.
Standard, Cash 248 Standard.
248-1/2
246-1/2
New York Exchange
New York, Mar. 18 (Router). TT, London (Opening Rate). 3,76-3/4,
3 months 240 Standard,
Setment Price 248-1/4: Straits
.273-1/2.
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
' and TIENTSIN
KOEF and OSAKA
BINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Termins in ? the French Concession st. Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD.
TELEPHONE ZOŽIL • GENERAL
ANAGERS
HANKOW
NEW YORK
PEIPING
(Peking)
YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accourrs opened and FIXED DEPOSITS received for 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
CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS on application.
The Bank's Head Office in London received for one year or shorter periods in Local and other Cur-undertakes Exécutor and Trusted rències on terms which will be business, and claims recovery of British Income Tax overpaid, on
Auo up to date SA DEPOSIT terms which may be ascertained at
any of the Agencies and Branches. Roxx in various sizes To Lar Hong Kong, 28th February, 1940.
Mariager.
BANK
R. A. CAMIDGE,
THE CHASE BANK
The Business of the above Bank 15; QUEEN'S ROAD, CENTRAL
PORATION. Rules may be obtain ed on application.
For the HoxOKONG & SHANGHAI BANKING CORPORATION.
7. M. GRAYBURN,
Chief Manager, Hong Kong 25th Feb, 1839.
Authorised Capital.....$10,000,000.00 Paid-Up Capital 8,598,600.00 Reserve and Undivided
-**-... 7,883,832.01
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Bbonson Chow, Chairman
Li Lan Sang, Esq.
Wong Chu Song, Esq.
Wong Tan Tong, Baq, Kan Ying Po. Reg. Chan Obing Bank, Haq, Fung Ping Wah Baq Kan Tong Po, Esq., Chief Manager. " Li Tso Fong, Esq., Manager.
Branches and Agencist :-
Hingapore Loudon Hangoon Bourabaya - Mazda
Brow
Malnati Welbourne Bay Fund
Haiphong
Nagaraka
New York Basizin
Beseng
Polping, Shanghal
Every description of Banking and Exchange business transacted. Loans granted on approved securitien
Current Accounts opened in Local Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Our rencien on terms which will be quoted on application.
SATE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
THE KWANGTUNG PROVINCIAL
*
BANK
(Enoorporated T5 Chan)
General Banking Frollitzul' and Financial Agents to The Frurisdial Borernment of Ewangtung Best Offer-Ahlakwan, Kwangiang Province Hongkong Branch -Queen's Bldg., # Chater Bd, Caela Addresses-"PROVINCIAL” 2839, 9643.
Telephones:
20112, 30113. 20143, 20181; 21681. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London.... Paid Up Capital Reserve Capital
N$18,000,000. N$10,500,000. AUYANG' M -NLY,
Hongkong Kasager.
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com
plets Foreign. Banking Service in the principal Markets of the world.
Interest Rates on Application.
4
SAFE DEPOSIT BOXES
This Baak is entirely owned by TEX "CHASE NATIONAL BANK, New Yox, with Bescuroes of avai U.S.$2,000,000,000.
D. M. BIGGAR,
Second Fior Pres
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 OVE 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 Offles:-"SHANGHAI
"
Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Ofices:
CANTON
SWATOW SHIUCHOW
KONGMOON TUISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CREN, „
Honiger.
THE MERCANTILE BANK OF INDIA, LIMITED
Head offco1-15, Gracechurch Atreat, London, ECT Authorised Capital
£3,000,000 Subscribed. Capital Paldar Ospital Reserve Fund and Eest.
BANKERS!
£1,800,000
£1,050,000
€1,282,770
The Bank of England and Midland
Bank, Ltd.
BRANCHES:
Bangkok. Bosibay
Ipoh
- Kunda. EranggM CLAS.
Esine
Kadras
Kusmian
Mier York
Colombo
Kandy
Feaang
Delhi
Hangont
Challe
Shanghal
Hongkong
Kuala Liple
Bimla
og Huala Lumpur
Singapore
Karachi
Kota Bharu
WANT ADS
Harma
HONG KONG BRANCH:
Every description of Banking and Brelang business trazaolad,
Travellers Charities and
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN.
CURRENT ACCOUNTS, opened, in Lotal: Car renov and FIXED DEPOB125 received in Lossl Carrey, BIEBLING & U. 8, DOLLARS sa terave that may be syntainad on applicatieru.
∙D. BENSON,
Usnarer
111
Pacific Gas Mec
331
Batavia
Johore Rangoon Kobe Kowloon
COLOMBO
...Saigon
DALAH
BAIGON
10%
BERIMBAN
BOMBAY
KARACHI
SILANOBAI
CALCUTTA - KLANG
BINGAPORE
AGENCIZA: TORE
SITIAWAN
KUALA
BOURARAYS
KUCHING
MADRAS
MANILA
MEDAN
(-Bhuket)
TRINGTAO
San
HAIPHONG
31..
Pacific Lighting
461'
Bombay Kuala
Francisco HAMBURG
721
Packard Motors
33
Calcutta
Lumpur
Shanghai
121
Pan-American Airways
19
Canton
London
Singapore
191
Paramount Pictures
71
Chefoo
Lyons
Bourabaya
Colombo
Malacca
211
Pennsylvania R.R.
21+
Sungel
Daires
Manila
Patani
301
Phelps-Dodge
352
Foochow
Muar
Swatow
.2011
Phillips Petroleum
381
Haiphong (Johore) Tientsin
223
Pittsburg Coke & Iron
7
Bankow
Mukden Tokyo
י
85)*
Public Service of N.J.
411
Harbin
New York Tsingtao
53
Pullman, Inc. ..............
261
floilo
Peiping
Yokohama
67°
Pure Out
*
Ipoh
Penang
31
281
Radio Corpn. of Am. Spl
39
NO
Reading Company,
Com
15*
81
Reading Company, 1st pfd
247
38
Remington Arms Co., Inc.
32*
712-
Republic Aviation Corp....
5+
5+
Republic Steel
181
quoted on application.
867
Revere Cop. & Brass Inc.
12"
241
451.
Reynold Tabac. "B"
411
1
Richfield "Onl
61"
31
Safeway Stores
50
72
Schenley Distillers
121"
45+
Sears Roebuck
831
HONGKONG SAVINGS
22+
Shell Union 04
101
151
Socony-Vacunum Of
11
592.
Southern Pacific
12
D
Southern Rly $5 pfd.
28
311
Sperry
41
21
Spicer Manufacturing Co.
33
is conducted by the HONGKONG SHANGHAI BANKING COR
19
Standard Brands
7
791
Stand Gas & Elec,..............................
1854
Standard Oil of California
22$
101
Standard Oil of N.J. ......
431
32
Stone & Webster
94
37
Studebaker Com.
101
52
Swift International
291
571
Technicolor
143
#
671
Texas Corpn.
441
27
Texes Calf Sulphur
331"
BANK OF EAST ASIA, LIMITED
151
Timken-Axle
211
191
Trans-America Co.
51.
20th Cent. Fox.
12
20th Cent. Fox, $11 pf........
221*
Union Carbide & Carbon
821
Profits r
Union Paciac
.95
19
United Aircraft.
441
17
United Airlines Trans
18+
18+
United Corpa,
67
United Corp. $3 cùm pf.
39
United Gas Corpn.
13
Li Koon Chan, Esq.
United Gas Improvement.
IBA
P. K. Ewok. Esqu
U.S.. Industrual Alcohol ....
214
U.B. Rubber
344
US. Rubber $8 pid.
1121
¡DS. Steel
531
Vanadium
Walworth Co.
314
51
Amay
Horkes
Penang
Wamer Bros. Pict.
37
Babaria
348
Westinghouse Elec. Woodward Iron Cor. Chase National Bank National City Bank
1102
Bombay
Satron
24
сора
Fankow
334*
italia
281*
Lobe
-bid.
1-ex, div. DOW JONES, AVERAGE
Mar. 16,
$145.76
29.78
146.18 145.08 143.69 29.89 29.66 2938
Mar. 19, 1940, High Low Close Change 17 of .08 up
24.02
24.11 23.94 24.04.
102 up
88.00
88.72
.19 np
85.87 45.59 11 Commodity Index 58.35
58.14
.Я1 off
Business "Done-510,000 shares