37-1/B
37-1/4
APRIL-JUNE
36-1/4
38-3/8
JULY-SEPT.
35 cts.
37-1/8 38-1/4 35-1/8 35 cts.
The market was quiet but steady.
LONDON RUBBER
Previous close Today's close
Buyers
S POT
11-3/18
11-3/18
11-3/16
11-3/15
MAY
11-3/16
11-1/4
PAGE 10-HONGKONG DAILY' PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS,
#
MARCH 21. 1940
On "London:-
Telegraphic Transfer. 1/9 25/32 Bank Billa, on demand 1/2 95)33; Credits 4 months' sight 1/3 3/32
On Shanghai:-
On demand
On Singapore:-
On demand'
On Japan:-
On demand
On India:-
Telegraphic
and" demand
On New York:-
& CO.
PAYNE &
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW (FROM PAYNE & CO.)
. 350
82 3/8
98 1/4
SINGAPORE RUBBER
Transfer. 182
Bank Bills, on demand 99 5/8 Credits, 60 days' sight 23 1/2
On Batavia:--
On demand
On Paris:-
49
Bank Bills, on demand 1682 Credits 4 months' sight 1137
SPOT
APRIL
NEW YORK, MARCH 20, 1940, Previous March 20 Closing Opening Closing Change Buyers Buyers
NEW YORK STOCK EXCHANGE
Amer, Locomotive
QUOTATION
(REUTER'S SERVICE)
STOCKS
Last Sale
MARCH 21, 1940. STOCKS
Last Sale
Mar, 20
A
Mar. 20
Adams Express
71
Libbey-Owens-Ford
Glass
501
Sterling
Alleghany Steel Co
22
Lockheed Aircraft ............
308
Allied Stores ....
81
Loew's Inc.
351
Reserve Liability of
Allis Chalmers
364
Lott Incorperated
291
Proprietors.....
.$90,000,000
Aluminium Ltd.
101
Mack Truck Inc.
251
Head Office:-HONG KONG
Amer. Can
1131
Martin, Glen L
43+
American Cyanamid B.
374
McKesson & Robbins, píd.
240*
Amer& Foreign Power
Monsanto Chemical
110
Board of Directors: ̧ H. V. Wilkinson, Esq.,
Amer & Foreign 57 pt.
22
Montgomery Ward........
534
American Gas & Elec.
34
National Aviation
121
Chairman. Hon. Mr. J. J. Paterson,...
201
Nat. Dairy Products ......
17
Amer. Metals Co
*247
Nat Distillers......
251
J. K. Bousfield, Esq.,
Amer. Radiator"
8:
National Gypsum
103
unch.
14
A. H. Compton, Esq,
FRIDAY, MARCH 22, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
"BANKING CORPORATION
Authorised Capital... 850,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1883
Reserve Funda:
Paid-Up Capital .....................£3,000,000 £5,000,000 Reserve Fund HK. Currency Reserve $10,000,000 Reservs Liability of Pro-
prietors....
·Deputy Chairman.
„£3,000,000
£3,000,00€ HEAD OFFICE: LONDON:
38, Bishopsgate E.C
Sub-Agencies In London: 117/19, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockapur Street, 6.W.i. Manchester Branch:
59, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
Amer. Rolling Mil
15
|National Lead ....
201
Hon. Mr. S. H. Dodwell,
ALOE STAR
זי
Amer. Sting and Ring Co.
49'.
Nat, Power & Light
77
G. Miskin, Esq.,
| AMBITSAR
HARBIN HONG KONG
PENANG
BANGDON
Amer. Sugar Renning
20,
National Steel Corp.
60)
K. S. Morrison, Esq.,
BANGKOK
BAIGON"
Amer. Tel, & Tel
172"
National Supply Corp.
*
T. E. Pearce, Esq.,
เก
BATAVIA
IPOH
SEREMBAN
Amer. Tobacco "B"
89
New York Central
151
C. O. Roberts, Esq..
Buyers
Change
Amer. Waterworks
9
unch. "
Anaconda Copper
281
Niagara Hudson Power N. American Aviation
5+
23+
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
FOMBAY GALOUTTA
KARACHI KLANG
SHANGHAI
SINGAPORI
unch.
Atchison, T. & S. Fe.
27
North American Co.
201
Chief Manager, FAIRSIX PLACE
AGENCIES: JOBU CLITE STREET KUALA
SITIAWAN
SOURABAYA
CANTON
LUMPUR
TAIPING
up 1/18
Auburn Motors
14
Northern Pacific
77
&
On Saigon:-
JUNE
11-1/8
11-1/8
unch.
Baltimore & Ohio
5
Owers-Illinois Glass Co.
B1+
On demand
108
JULY-SEPT. *
On Manila:
11-1/16 11
11-1/8
up 1/16
Barber Asphalt Co.
141*
Pacific Gas & Elec
337
Amoy
41
OCT:-DEC.
11-1/18
up 1/16
Barnsdall Ol
11
Pacific Lighting
471
Bangkok Kobe
On demand
..... 45 1/4
On Bangkok:-
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
153 1/2
1/3 31/32 21
Market
to
ap.
pear to side..
be still on
the
easy
Market Report
FROM ROZA BROS. Silver prices rose 3/16 yes.er- day for both deliveries, the quota- tions being 21 for both Ready and Silver advices reported Forward the market as being quietly steady with a little general buying.
The 'London/New York cross-! rate was quoted at 402.1/2 New quoted at York/London was 371.1/2.
Quiet. US Dollars responded
the drop in the cross-rate and from indications would
After ruling firm on outside buying, the market closed steady. Wall Street and the Trade were re- NEW YORK COTTON: ported to be buying intermittently which found, offerings limited. The progress of the Farm legislation and the gradual increase of open interest in May option are expected to result in further strengthening.of old crops.
NEW YORK RUBBER:
The strength of the market was aided by increasing factory interests in both actuals and futures. but the downturn of Sterling halted the advance,
CHICAGO WHEAT: Prices rose spectacularly on heavy short- covering and a renewal of buying on reports of further unfavour- rble crep advices and more war-like European political news. With the Winter crop of to a worsen condition, with Argentine condi- tons poor, and with a heavy movement of Canadian grains into export, the so-called topheavy position of wheat has apparently been in for mitigation. War news could easily bring further ad- vances,
Previous close, 148.43: Today's close,
NEW YORK STOCKS: 14691; Change; up .48.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Bliss Ca
Case, J.L
Celanese
Bendix Aviation
321
Packard Motors
37
Batavia
Kowloon"
Branches: Johore Rangoon
Saigon San
DAWNPORE
KUCHING
TIKNTAIN
C
MADRAS
TONGKAH
Bethlehem Steel
75.
Pan-American Airways
201
Bombay
Kuala
15
Paramount Pictures
71
Canton
Boeing Arplane Co.
211
Pennsylvania R.R. -
214
Chefoo
Lyons
Borg-Warner
221
Phelps-Dodge
.361
Colombo
Malacca Sungai
Bridgeport Brass Corp.
102
Philips Petroleum
39
Dairen Manila
<1
FL
Briggs Mig.
204
Pittsburg Coke & Iron
Foochow
Muar
Brooklyn-M'hattan Trans.
22+
Public Service of N.J.
412
Haiphong
Brooklyn-Manhattan "$8..
87*
Pullman Inc.
Bankow
261
Canadian Pacific Riway
Harbin
6
Pure Ou
Di
floilo
67
Radio Corp. of Am, ......
Ipoh
Penang
301
Reading Company,
Com
151
Chesapeake & Ohio Chrysler Corpn.
392
Reading Company, 1st pid
ཉང་
854-
Remington Arms Co., Inc.
4'
"Climax-Molybdenum Co..
394
Republie Aviation. Corp.
51"
Colts Patent Fire-Arms Columbia Gas & Elec. Columbia 8% "A" pi Commercial Credit Co. Com, & Southern, (Ord.) Consolidated Edisch
76.
Republic Steel
201
51
Revere Cop. & Brass Inc.
124
86
Reynold Tabac. "B"..
411
451
Richfield On
Safeway Stores
51
31
Schenley "Distillers
124*
Consolidated Oll Continental Can .....
71
Sears Roebuck
85
46
Shell Union Oll
111
Continental ou
221
Socony-Vacunum Of
111
Copperweld Steel
163
Southern Pacific
121
High Low
On
Prev. Today's ..
Close Close Change 10.65 40.56 10.48 10.62 14 up 18.42 18.38 18.33 18.40 .07 up
106 103 1021 1054 50% 561 58 561
Corn Products
601
Southern Rly $5 pfd
27
Curtiss Wright (C)
101
Sperry.
42+
Curtiss Wright "A"
Deere & Co.
Distillers Corpn. Seagrams
23 up
Douglas Aircraft
#up
Du Pont de Nemour
13.93 13.74 13.61 13.83
32 up
Eagle Picher Lead
Close
Opening
Closing
Change
Eaton Mfg. Co.
10.48/48
10.56/57
10.62/63
14 up
Elec. Autolite"
10.27/27
10.35/34
10:40/40
.13 up
Elec. Bond & Share....
ar-
July (New contract) October [ December ( January
{ Spot
10.39 N
10.48/48
10.53 N
...14
קט
Elec. Bond & Share $5 pf.
br
>
9.69/69
9.82/80
9.86/86
17
up
Elec. Bond & Share $8 pf.
}
9.53,53
9.65/65
9.72/72
19 up
Elec. Power & Light $7 pf.
'9.48 N.
9.62 A
"9.67 N
419 up
Fisk Rubber.....
10.73 N
10.87 N
.14
up
Flintkote
Gen, American trans...
Gen. Electric
Gen. Moters
Gen: Railway Signal
ני
(
March
May,
July ...
September
December
18.35b
18.33/33
18.30b/482
18.12/12
18.22/22
18.00b/09a
18.00 B
17.79b/90a
18.38B 18:40/41 18.17/17 18.06/06 17.93/93
.03 up
Gen. Tire & Rubber
07 up
Glidden Co.
.05 up
Goodrich (B.F.)
.05
da
Goodrich $5 pi. ...............
14 up
Goodyear Tire & Co.e Great Northem Iron Ore .. Great Northern Rly, pid,
Great Western Sugar Greyhound Corpn.
Hercules Powder Co
May
103/1021
July
.1001/100
1037/104 1013/102
September
100/1001
1057/1057 104/1031 1027/103
21 up 3 "up
Eomestake Mining
International Harvester
21 up
Int Nickel
Tuesday's sales:-23,319,000 bushels.
was
Int. Tel & Tel
CHICAGO" CORN
Johns-Manvile
ני
Sterling
May July September
584/56
56+/564
502/561
581/561 571/67)
up
J. & Laughlin Steel $7 pfd.
קט ג'
Kennecott Copper-
579/571
581/581
à up
Lakey Foundry & Mac,
WINNIPEG WHEAT
83 B
831/89
E. 06
14. up
was re-
8913 -903B
91/911
11. up
924/921
11 up
1939/40
High
13.81/83 13.75/85 13.85/87 34-3/4
14.03/06
13.83/84 14.07/08 34-3/4 3.71-1/8
aa
35.90 24.14 30 Rails.
$7.70 20.70 90 Utilit
22.22 84.51 40 Bonds
Sterling
No business was reported. offer at 1/2.27/32 March/June, buyers bidding, 1/2.7/8 for Cash. D. S. Dollars Sellers were quoted early in the morning at 22.7/8, buyers at 23.
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn. May New York Hides, June NEW YORK COTTON May
The middle rate of 22.15/18 July "might have led o business but not available when wanted. Sub- sequently some business was ranged at 22.7/8 for near and 22. closed 13/16 April. The market at 1 pm. with sellers at 22.7/6 March and 22.13/16 April, buyers a: 23 Cash and possibly 22.7/8 April.
Shanghai Dollars
Business was arranged at 359. mar- 1/2, 359.1/4 and 359. The
.sellers ket closed at 1 pm, with
at 359, buyers bidding 359.1/2
Shanghal Market
Advice from Shanghai indicated i the market as being quiet with sellers for Sterling at 41/8 and US Dollars 6.3/8 for Spot.
AFTERNOON MAKKET
session The afternoon
stagnant.
The market closed with sellers
at 1/227/32 March/June, buyers
at 1/2.7/8 Cash,
U. S. Dollars
A small transaction ported at 22.15/18 for Cash. There were sellers at 22.7/8 March and 22.13/16 April, buyers at 23 for Cash and 22.15/16.April
Shanghai Dollars
Sellers at 360. ̈
Shanghai Market
Sterling, 4.3/5 Béniers for Spot.
Shanghai Exchange
Shanghal, Mar. 21 (Reuter).
EASTER HOLIDAYS
The following markets will be closed during the Easter holidays:
London-Mar, 22, 23, and 25. New York-Mar: 22, Singapore-Mar. 22, 23 and 25. Manila Mar. 21, 22 and 23 Batavia-Mar. 21, 22, 23 and 25. Shanghai Mar. 22, 23 and 25 Official T.T. Baten
0/4
London New York
Japan
Endia..
Hongkon#
Spot
6-3/16
26-1/4
22-1/8
2.94
Total Sales Tuesdays: 84,500 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40.
NEW YORK RUBBER
Total sales-440 tons. Last trading day:-27/3/40. CHICAGO WHEAT
May July October
NEW YORK HIDES
June .... September
New York, Offlial NY-London Cross Rate 3.75-3/8
Apr. 6-7/32 Market: Quiet,
Merchant Rates Sterling, 0/4-1/8. US Dollars, 38-5/16,
Silver Duty Rate
6-3/18
The Central Bank of China's rate. on London at 19 a.m. today WES-1/2-1/20.
The Equalization rate was 10-1/2 Per cent.
དྭེ ཝཱ ཙསྶཱ ?
India Rupee Paper
Bombay, Mar. 21 (Reuter). Govt. 31% Rupes, 93-10-0.
28-3/4 Calcutta Exchange
Calcutta, Mar. 21 (Reuter).. T.T. on Japan, 84-1/4.
Sellern Opening Closing 0/41/8 ..0/4-1/8 0/4-1/64 5/4-1/64 0/4-3/84 0/4-3/64
Mar
Apr.
U.8. Dollars', :
Spot Mar.
6-3/8
6-11/32
$0-11/32
·8-8/16-
New York Exchange
New York, Mar, 20. (Reuter). TT, on London (Opening Rate), *3.72-7/8.
INDO-CHINA
STEAM NAVIGATION COMPANY. LTD.
Operating Services for Cargo and Passanger
TO-
SWATOW, SHANGHAL, TSINGTAU, CHEFDO
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 lauded.
For further particulars
please apply to-
SON&Co. LTD.
JARDINE MATHESON&C TELEPHONE 303I. GENERAL MANAGERS
Li Koon Chan, Ed Li Lan Bang, Esq. P. K. Kwok, Eng Wong Chn Son, Esq. Wong Lan Tong, Esq. Kan Ying Po, Mag Chan Ching Shuk, Esq. Fang Ping Wah Esq
Kan Tong Po, Esq., Chief Manager. Li Tas Fong, Esq., Managar.
Branches and Agências 2---
KOTIDON Редак Loodan
Slagspors Boursheys Manita Baigan Bwslow. Melbourne "san Fran. Byduny
do Tie
Vascover Bemarang Shanghai
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 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 facilitrée for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Officer:
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposit re- ceived for one year or shorter periods in Local and Foreign Cur- tencie on terms which will be SWATOW
SHIUCHOW quoted on application.
SATE DEPOSIT BOXES TO LIT."
KAN TONG PO,
Chef Manager.
THE KWANGTUNG PROVINCIAL BANK VAN MAtim. (Incorporated in Chias) Georal Banking Failider and Financial Agents to The Provincial Government of Kwangtang Head Once-Shiukwan, Kwangiang Province Hongkong Broch --Quem's Big-,>Chater K6. Duble Address="“PROVINCIAL":1029, 1443. *
Telephones: 20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT."
SOUTH CHINA Correspondents in New York and London Paid Up Capital N$10,000,000. N$10,500,000. Reserve Capital" ......
KUYANG MANLY,
Hongkong MavREST,
A Job?
WANT ADS
CANTON
*KONGMOON
TOISHAN KINGCHOW
We also handle the fun of Bonds and ether: Publie Funds of the Chinese Government both at Home and Abroad.
SHOU CHEN,
Manager.
THE MERCANTILE BANK”
OF INDIA, LIMITED
Head Officer-15, Gracechurch Street,
London, E "Authorised Capital
Eglwysbed Capital... Pald-ng Capital Remre Fund and Sons,
£3,000
£1,060
"BANKERS:
The Bank of England and Midland,
hp/Bank, Ltd.
BRANCHEB:
Bangkok Bombay
Ipek
Oilentia
Kuantan
Odlondin
Kandy
Dathi
Karachi
Flowchong
Kusia Trengganu
Madras
New York
Perang
H&Lspon
Kola hard' Gusoghed Kuala Lipt Howth. Kuala Lumpur Blogapore
Simla
HONG KONG BRANCH:
Every description of Banking and Exchang
-brained trapasstudou.
Travellers Cheques innsed,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
QUÉRENT ADDUVETS Coned in Local Car reney: "203 ZIXED: UNPOSITS riosired in Loos! Onzrency, STERLING & U.“, DOLLARS ca testos
LETUDY BÉNAON,
291
Spicer Manufacturing Co. 33**
217
Standard Brands
7
19
Stand Gas & Elec...
11*
82
Standard"Oll of California
23
1851
Standard Oll of N.J.
.437
11***
Stone & Webster
02
321
Studebaker Com
111
38)
Swift International
291
Hong Kong, 25th Feb., 1939.
5*
Technicolor
15"
581
Texas Corpn..
45
67"
Texes Gulf Sulphur
331
271
Timken-Axle
221
BANK OF EAST ASIA, LIMITED
154
Trans-America Co.
睡
191
20th Cent. Fox
113.
Authorised Capital.....$10,000,000.00
521
20th Cent. Fox, $11 pf.
227
381
Union Carbide & Carbon
84
Paid-Up Capital 5,688,800,00 Reserve and Undivided
534
Union Pacific
95
Profits
2,883,992 01:
COLOMBO DILUI HAIPHONG Francisco HAMBURĞ
HANKOW
Calcutta Lumpur Shanghai
London Singapore Sourabaya
Patani Swatow (Johore) Tiantain
Tokyo Mukden New York Tsingtao Paiping
Yokohama
(Peking)
FOREIGN EXCHANGE and General· Banking Business transactad.
CURRENT ACCOUNT 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 ACCourra" opened in interest allowed at rates obtainable. LOCAL CURRENCY and FIXED DEars on application
The Bank's Head Offee in London received for ene year or shorter periods in Local and other Cur- undertakes Executor and Trastes" rencies on terms which will be business, and claims recovery at British Income Tax overpaid, on quoted on application.
ALSO up to date SATE DEPOSIT terms which may be ascertained at Boxes in various sizes To Lar
any of the Agencies and Branches.
R. A. CAMIDGE, Hong Kong, 28th February, 1940.
Manager.
HONGKONG SAVINGS
BANK
The Business of the above" Bank is conducted by the HONGKONG & SHANGHAI BANKING COR FORATION, Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
THE CHASE BANK
15, 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 BOXES
This Bank is entirely owned by THE CHABE NATIONAL BANK, New York, with Hanoureen of oral 1.§.$9,900,000,000...
D. M. BIGGAR,
Second Fice Pros."
MANILA
(Bhuket)
VEDAN
TSINGTAO
NEW YORK
TOKOHAMA
PRIPING
18
United Aircraft
461
204
United Airlines Trans
187
171
United Corpn.....
2
Head Offèe:-HONG KONG No. 10 Des Voeur Road, Central.
19
United Corpa. $3 cum pf.
381*
?
Board of Directors:
·651*
United Gas Corpa,
NY
Six 85oubou Chów, Chairmas
23
United Gas Improvement
131
13
U.S., Industrual Alcohol
213
231
UB, Rubber
35
213
US. Rubber $8 pid.
1144
1871
U.S. Steer
551
941
Vanadium
34.
581
Walworth Ca.
5+
541
Warner Bros. Pict.
351
Westinghouse Elec.
1117
may Batavia
4.
Woodward Iron Cor.
241
Bombay
71
Chase National Bank
34*
57
National City Bank
281
357
Vultee Aircraft
Oslobis Haiphong Sadkow Homelalu Kate
Yew York B151 Parla
Paying
4*
-ex diy
DOW JONES' AVERAGE
Low Dow Jones Averages Mar. 19, Bigh Low Clowe 155.92 121.41 20 Industrials
***Mar. 21, 1940.
¿
148.43
29.95
34.07 88.09
65.67 45.59 11 Commodity Index 58,82.
Change 147.30 T48.31 146,91 48 up 30.23 20.05 30.13 18 up .03 up 24.19 24.01 24.10.
88,781.00 op « 69,64-99 up Busine Done 640,000 shares