Buyers
Buyers
SPOT
37-1/8
APRIL-JUNE
36-3/8
Bank Bills, on demand 22 1/9
JULY-SEPT.
35-1/8
Credits, 60 days' sight 23 3/8
On Batavia:-
LONDON RUBBER
Previous close Today's close
On demand
... 41 374
Buyers
Buyers
SPOT
11-1/4
APRIL
11-1/4
MAY
11-5/16
PAGE 10—HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 25. 1940.
On London:-
2.ER
Telegraphic Transfer. 1/2-26/32
Bank Bills, on demand 1/2 25 33 Credits months"sight 1/3 3/38 On Shanghai:
On demand
On Singapore:----
On demand
On Japan:-
On demand
On India:-.
8888888
Telegraphic
1
... 360
Transfer.
and demand ....................... On New York-
PAYNE & CO.
나
COMMODITY BROKERS
STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
59 3/8
95.1/2
SINGAPORE RUBBER
On Faris:-
Bank Bills, on demand 1082
Credits 4 months' sight 1137
NEW YORK, MARCH 25, 1940.
March 25 Previous
Closing Opening Closing Change
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express .....
QUOTATION ČRKUTER'A MÁVICK)
MARCH 26, 1940.
Authorised Capital... $50,000,000
Last Sale ..Mar, 25
* STOCKS
п
| Libbey-Owens-Ford
Glass
Last Sale dar. 25
-50
Reserve Funds:
Starling ༨---*w༠༠
Alleghany Steel Co. Allied ›Stores
211
Lockheed Aircraĭt) equistánd
8
Loew'a-Ing. vaikuti
357
Baserve Liability of
Allis-Chalmers
361
Loft Incorperated
341
Proprietor.19000
$20,000,000
Aluminium Ltd...............
103
Mack Arnek› dne,
251**
Amer. Can ...........
1144
Martin, Glen L
427
American Cyanamid B.
381
McKesson & Robbins, pfd.
28*
Head Office:-HONG KONG Board of Directors:
Amer. & Foreign Power
11"
| Monsanto Chemical
t111
Amer American Gas & Elec.
& Foreign $7 pt.
21j.
Montgomery Ward
534
341
National Aviation
141
Amer. Locomotive Amer. Metal Co.
201
Nat: Daly Products
171
H. V. Wilkinson, Esq.,
hairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
24
Nat, Distillers
251
J. K. Bousfeld, Esq.,
Amer. Radistor
81
National Gypsum
101
A. H. Compton, Esq.,
Amer. Rolling M
141
National Lead
211
Hon. Mr. S. H. Dodwell,
Market closed
Amer. S'ting and R'ing Cổ.
49
[Nat, Power & Light
G. Miskin, Esq.,.
Amer, Sugar Refining
191
National Steel Corp....
"68
K. 8. Morrison, Esq.,
Amer. Tel, & Tel
172
National Supply Corp.
T. E. Pearce, Esq.,
Amer. Tobacco "B"
881
New York Central
151
C. C. Robarts, Esq.,
A
WEDNESDAY, MARCH 27, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF "BANKING CORPORATION
..
"
INDIA, AUSTRALIA
AND CHINA
Isued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1883
Paid-Up Capital ...... £6,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
i
£3,000,000
£3,000,000
£3,000,001
HEAD OFFICE: LONDON:
prietors .....................
38, Bishopsgate E.0.2. Sub-Agencles In London:
117/12, Leadenhall Street,” E.C.2 West End Branch:
14/18, Cockapur Street, S.W.1. Manchester Branch: 52, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
HARRIN PENANG HONG KONG RANGOON
BAIGON BEREMBAN
ILOILO
F
ALOE STAR AMRITSAR BANGKOK
Change
Amer, Waterworks
91
Niagara Hudson Power
Anaconda Copper'
281
N. American Aviation
241
Atchison, T. & 8. Fe.
311
North American” Co.
201
Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,
Chief Manager,
CANTON
BATAVIA BOMBAY
CALCUTTA
год KARACHI KLANG
SHANGHAI
SINGAPORE
AGENCIES: TOME »
SITIAWAN
OLATE STRANE
FAIRLIN PLACE
KUALA
SOURABAYA
LUMPUR
TAIPING
Market closed-
Auburn Motors
1
Northern Pacific
Branches:
On Saigon:-
JUNE
11-1/4
Baltimore & Ohio
41.
Owens-Illinois Glass Co.
62"
On demand ...
100
JULY-SEPT.
11-3/16
Barber Asphalt Co.
147"
Pacific Gas & Bec .....
34
Amoy
Johore
On Manila:-
On, demand
45
On Bangkck:-
On demand
150 1/
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oa. .....
Market Report
ท :
FROM ROZA BROS.
3/8
"
New York Cotton, May New York Rubber, "May Chicago Wheat, May Chicago Corn. May New York Hides, June NEW YORK COTTON May
U. S. Dollarg
early part of
was no movement
July
July (New contract) October December (
......
}
"
C
}
and 22.
March Spot
{
11/16 April.
March
May
"
the
were 2 May
July
Sterling.
September
Saturday's sales:-18,174,000 bushels.
CHICAGO CORN
May
at
July
The
market september
22.5/8 buyers! WINNIPEG WHEAT probably
May July nctober
quoted at 41/8, March
1/3 31/3 20 11/16.
the Silver prices dropped 'over
5/18 holidays to the extent of for both Ready and Forward, the 20.11/16 for belag " quotations both deliveries. American Silver was quoted at 34.3/4 for Spot
The London/New York cross- rate was quoted at 402.1/2, New 368. York/London was quoted at
Marke:
There steady. Quietly hardly anything doing. -
Sterling Remained on offer at 1/227/32 March July for the whole of the bidding with buyers morning
1/2.78 for Cash
OCT.-DEC.
NEW YORK COTTON: The market was a small affair and the Trade is awaiting the action of the Farm measure
NEW YORK RUBBER: The Trade is discussing the possibility of a 5 per cent cut to 75 per cent. for the third quarters quota.
- CHICAGO WHEAT; Unfavourable crop reports from abroad and reports of better export sales firmed the market significantly. There have been further complaints of the shortage of moisture in South-West Kansas and North West Oklahoma where temperatures are low with no rains. Crop news will probably continue; to be an increasing price, factor.
21
NEW YORK STOCKS: Previous close. 146.73: Today's close. 148.25: Change, off .48.
NEW YORK COMMODITY MARKET
Business was done during the!
the morning at 22.11/16 first half April. There the rate. in which remained at 22.5/8 sellers January
for March, probably further, buy
ers at 22.3/4 for Cash
Shanghai Dollars
360. 359. Business was done at
Towards lunch 3/4 and 359.1/2 time there were sellers at 360.1/2 for Spot.
Shanghai Market
. Easy undertone. Sterling "sell- ers for Spot at 4.1/8. March 43/ 32 and April 3.63/64. U.S. Dollars sellers for Spot at 6.1/4, March 6.3/16 and April 5.31/32.
AFTERNOON MARKET The market was quiet in "afternoon. US Dollars
shade easier,
A
There were sellers at 1/2.27/32 March/July and small buyers at
1/27/8 for Cash.
U. S. Dellars
A transaction was reported
22.1/2 for June. closed with
sellers at Match and 22.9/16 April at 2211/16 March and 22.5/8 April,
Shanghai Dollars
360.1/2 sellers for 8pot.
Shanghai Market
Sterling sellers for Spot
(REUTER'S SERVICE)
"Total sales Saturday:2300 bales.
First notice day for cotton:-1/5/40 and last day. 22/5/40. NEW YORK RUBBER
July
September December January
Total sales:-650 tons.
Last Trading day for March rubber:----27/3/40.
CHICAGO WHEAT
NEW YORK HIDES
June..... WET? 4.5/16 September
and April 3.15/16. U.S. Dollars New York, Official
sellers for Spot at 6.1/4, March
NY-London Cross Rate 3.71
Bliss & Co.
11-1/8
Barnsdall Ol
107
Pacide Lighting
43.
Bangkok
Kobe
Bendix Aviation
34
Packard Motors
37
Batavia"
Kowloon
Rangoon Saigon San
Bethlehem Steel
74
Pan-American Airways
22
Bombay Kuala
Calcutta
Lumpur Shanghai
14
Paramount Picturés
Capton London
Boeing Airplane Co.
211
Pennsylvania R.R
Chefoo
Lyons
Borg-Warner-
02
Phelps-Dodge'
Colombo
Malacca
Bridgeport Brass Corp. Briggs Mig.
11+
Phillips Petroleum
381
Dairen
Manila
217
Pittsburg Coke & Iron
Foochow Muar
Patani Swstow
Brooklyn-M'hattan Trans.
22
Public Service of N.J.
42
Haiphong
Brooklyn-Manhattan $8....
91
Pullman Inc.
251*
Hankow
Tokyo
Canadian Pacific R'way
54
Pure Oil
9
Harbin
(loilę
Case, J.L
€7".
Radio Corpn. of Am......
Celanese."".
291
Reading Company,
Com
15
Ipoh
Papang
ฟ
Chesapeake & Ohio ...
**39
Reading Company, ist pfd
26 .
Chrysler Corpn,
85
Remington Arms Co., Inc.
4.
Climax-Molybdenum Co.
39+
Republic Aviation Corp. ...
5
57 13.75
58)
* 56
Prey. Today's High Low Close Close Change 10.57 10.52 10.59 10.54 .09 off. 18.42 18.40 18.45 18.40 .05 off 107 1051 1051 1061 567
Colts Patent Fire-Arms Columbia Gas & Elec. Columbia "6% "A" pl. Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison Consolidated Ou
76
Republic Steel
194
51
Revere.Cop. & Brass Inc. ..
121
851*
Reynold Tobac. "B"
41품
453
Richheld ON
ཏྭཱ
1
Safeway Stores
501
31
Schenley Distillers
131
70
Sears Roebuck
861
".
Continental Can
481
Shell Union Ou
11
Continental Oil
221
Socony-Vacunum Oil
114
1} up
Copperweld Steel
163
Southern Pacific
12
up
Corn Products
59"
Southern Rly $5 pfd.
25+
13.85
13.76b 13.72
.04 off
Curtiss Wright (C)
101..
Sperry
42+
Curtiss Wright "A"
-281
Spicer Manufacturing Co.
34
Close
Opening
Closing
Change
Deere & Co.
22
Standard Brands
61
10.59/59
10.53/54
10.54/54
" .05 off
Distillers Corpn. Seagrams
19
Stand Gas & Elec.
1*
10.37/37
10.34/34
10.33/34
*" .04 off
Douglas Aircraft
82
Standard Ol of California
22
10:51 N
10.47/47
10.45/45
06 off
Du Pont de Nemours ......
185)
Standard Oll of N.J.
43)
8.90/90
9.85/85
9.91/91
,00 up
Eagle Picher Lead
111
Stone & Webster
91.
9.77/77
9.74/74
9.78/78
01
up
Eaton Mig. Co.
.33
Studebaker Com
107
9.72 N
9.69/89
9.74/74
.02 up
Elec. Autolite
37年
Swift International
291
unquoted
9.52b/563
9.60 N
Mec. Bond & Share
5+
Technicolor
151
18.84 N
10.79 N
05 off
Elec. Bond & Share $5 pi.
59*
Texas Corpn.
45+
Elec, Bond & Share #8 pt.
684
Texes Gulf Sulphur
34
Elec. Power & Light $7 pt.
273*
Timken-Axle
221
BANK OF EAST ASIA, LIMITED
Fisk Rubber....
147
Trans-America Co.
51
Hintkoté
191
20th Cent. Fox
111
Gen. American Trans.
514
20th Cent. Fox, $1į pf.
222
5,588,000.00
**
18.45b/50a 18.45/45
18.40 N
.05 off
Gen. Electric
38+
Union Carbide & Carbon
821
Reserve and Undivided
18.17/17
18.06b/10a
18.40b/47a 18.17b/20a 18,05b/10a
18:40/40 18.17/17
,05 of
Gen. Motors
533
Union Pacific
953*
Profits
2,883,832.01
COLOMBO
DELHI HAIPHONG
Francisco HAMBURG
Singapore.
Sourabaya Sungei
(Johore) Tientsin Mukden New York Tsingtao
Yokohama Paiping".
HANKOW
NEW YORK
PRIFING
(Peking)
ГОЛОХАН
(Bhuket)
TBIKOTA YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted...
COERANT Accour opened and FIXED DEPOBITE 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 Executor and TrusĪSS- rancie's on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
ALSO up to date SATE DEPOSIT terms which may be ascertained at
any of the Agencies and Branches. Boxes in various sizes To LET
R. A. CAMIDGE, Hong Kong, 28th February, 1940.
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKUNG & 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., 1839.
"
Authorised Capital.....$10,000,000.00 Paid-Up Capital
THE CHASE BANK
10, QUEEN'S ROAD, CENTRAL HEAD OFFICE:
18, PINE 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 CHASE NATIONAL BANK, New York, with Besources of ove U.S.$2,900,000,000.
D. M. BIGGAR,
Second Vice Pre
CAWNPORE CIBU
KUCHINO
TIENTSIN
MADELE
MANILA
MEDAN
unch.
Gen. Railway Signal
17.90b
17.85m
13.00b/15a 17.90b/95a 17.85 N
06 off
Gen. Tire & Rubber..
unch.
Glidden Co.,
unch.
Goodrich (B.F.)
Goodrich $5 pt.
Goodyear Tire & Co.
1!
Great Northern Iran Ore
11
Great Northern 'Ply, .pfd.
Great Western Sugar
1051/1051 1051/1051
1031/103 1037/1094
...... 102/1023
1063/1061 105/1054 1048/104
18 up
Greyhound Corpe
12: up
Hercules Powder Co.
קט 14
Homestake Mining
International Harvester
Int Nickel
Int, Tel, & Tel
561/56) @501/581
561/57
1. up
Johns-Manville
571/571
58/58
1 up
J: & Laughlin Breel 37 pfd.
58/58
581/581
1 up
Kennecott. Copper...
Lakey Foundry & Mac."
#916 001/901 9218
891/891
9010 Bilb
821/a
€€€
up
up.
up
1038/40
High
J
156.92 131.41 30 Industrial
13.76a/788 14.02/02 34-3/4"
13.85b/80a 13.72/72
.94 off
35 90 24.14 20 Bails
14.00/00 14.04/05
.02 up
97.70 20.70 20-tilb
32.99 84.51 40 Bonds
34-3/4-
65.87 45.59 11 amodity Index
3.88-3/8
6.3/16 and April 5.15/16.
Shanghai Exchange
لله
Shanghai, Mar. 26 <(Reuter}
Omicial T.T. Bates
London
New York
Japan
India
Paris
SILVER MARKET
BOMBAY SILVER
Bombay, Mar. 25 (Reuter).
Market-Steady. Offtake 25 barn.
Indian Mint Suver
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services, for Cargo and Passengers
- SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN /
KOBE and OSAKA
0/4"
-6-3/18
28-1/4
:
22-1/8
Ready
57-06
TO-
-8.04-
- April 3 Settlement
57-05
Hongkong
28-3/4
May 1 Settlement
57-08
Sellers
Spot
Opening 0/4-1/8 0/4-1/3
Closing
་
Mar.
Apr.
0/4-7/64 D/4-1/16 0/4-1/32
Spot
Mar. Apr.
U.S. Dollar**
0/3-59/64
-48-5710---38-1/4
6-9/32.... 6-5/92 8-5/32
5-29/32
Spot market quiet forward; easy:
Silver Duty Rates
The Central Bank of China's rate on London at 10 am, today was-1/2-1/24 2
per cent.
The Equalisation rate was 8-3/4
SPORE EXCHANGE
Singapore, Mar. 28 (Reuter) Merchant Selling T.T: Kate
Shanghai London"
15-5/8
2/4-1/B.
New York Japan
46-15/10
182-3/4
Hongkong Java
53-1/8
87-1/8
London
Market TT Rate
2/4-11/64
5
SINGAPORE, PENANG and CALCUTTA SANDAKANA
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in
the French Concession at
Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
JARDINE MAT
ESON&Co. L
TELEPHONE SOBIIOGENERAL MANAGERS.
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Shonson Chow, Chairman
Li Lan Sang, Esq.
BANK OF CHINA
Specially Chartered by
Wong Chu Boo, Bag | THE NATIONAL GOVERNMENT.
Wong Yan fong, Esq. Ken Ying Po, Bag, Chan Ching Shur, 68g. Fang Ping Wah Eng
Kam Tong Poy Eago, Chiaf Manager. Li-To-Fong, Faq, Manager. ——
Batavia
Branches and gencies :---"
Karidan
Penang Singapore
Sourabaya Zabaw
Balgun
Helbourne om Fran- Hydney
dace la Magnaska
Semarang
New York Beatty?
· Parl
Piping Singhal
1.44
OF CHINA AS AN INTERNATIONAL 'EXCHANGE
MAKITA BANKA, A PAID-UP CAPITAL 842,000,000.00 (BRANCHES ALL OVER OHIMA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI
Hong Kong Branch?”.
4, QUEEN'S ROAD," C. South China Offlics:
Every description of Banking and Exchange business transacted. Loans granted on approved peangities.
Current Accounts spened in Local Currency and Fixed Deposits re- shorter ceived for one year or periods in Local and Foreign Car-CANTON -
terms which will be SWATOW rencies on
SHIUCHOW quoted on application,
SAFE DEPOSIT BOXES To L.
KAN TONG PO,
Chief Manager
THE KWANGTUNG ROVINCIAL
"BANK, (corporated in him? General Banking Nacilidox and Financial Agents to
The Prycgcix) Governownt of Kwangtong " Head Ofice-Shlukeen, kwangtong Province Bengkong Branch-Queen's sida., & Goster Ed. Cable Address=PROVINCIAL* 2659, 9445. Telephones: 20112 20113, 20143, 20181, 31682: BRANCHES THROUGHOUT... SOUTH CHINA Correspondents in New York and Booden Paid Up Capital *** N$10,000,000. .... N$10,500,000. Reserve Capital
AUYANG MANLY,
Hongkong Manager.
What do
you want?
there is anything you want to buy or Bell, try small Classifed advertise- ment in the Hong- kong Delly Press. 25 words $1.50
for 3 insertions.
KONGMOON
TOISHANA KINGCHOW
'We also handle the face of Bonds and other Publie Funds of the Chinese Government both at. Home and Abroad..
SHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED Head Offset-15, Gracecherch Street: London, EC3 Authorland Capital: Sahelbed Capital Paldip Capital Re-Food and Beat,
BANKERS: The Bank of England and Midland
Bank, Ltd.
BRANCHES
Bangkok [pol Bombay fattes Caluntia
Colorshe
Galle
Hongkong
Howrah
Kuantan Kandy
Karachi
Kola Dhara
Kuala Lipis
Kusla-Low pur
£3,000,000
21,800,000 £1,050,000
* Kuala Treppen
Hadran New York Penang Sangoos Hannghat
-Charle
Blagayers
HONG KONG BRANCH:
Every desorption of Banking and Exchang busiame transacted,
· Travallers Cheques iwned;
TRUSTEE AND. EXECUTORSHIP UNDERTAKEN ON BOA CURRENT LOOGUNTS Opened in Lodal_Oriya, racy and FIXED DEPOSITS rolved In Local Põurrenzy, STERLING U.81 DOLLABS on FOT thank may be weppesained on appon.
OBENSON,
+
181*
United Aircraft
-471
194*
United Airlines Trans
203
17
United. Corpn.
2.
18
United Corpn. $3 cum pf.
39
841*
United Gas Ccrpn.......
22.
United Gas Improvement 131.
Li Koon Chan, Esq.
13
US, Industrual Alcohol...
221
P. K. Kwok, Eag
234
US. Rubber.
331
27.
US. Rubber $8 pfd.
1144
18
U.6. Steel
$5
95
Vanadium
324
"
55)
Vultee Aircraft
54
Walworth Co.
51
Amgy
*341
Warner Bros. Pict, ......
34
Loudou
Bangoon
31.
Westinghouse Elec.
69
Woodward Iron Cor.
1114 244*
Bombay
MASA
Haiphong
Hanky
5921
Chase National Bank
..
35
National City' Bank
colulu
Kabe..
4*
bid.
tex, div.
DOW JONES AVERAGE
Low Dow Jones Averages Mar. 23,
Mar. 26, 1940, High Low Clown
145.73
146.98 148.15 14.25
2010
24.24
88.63
Chanze 48 off 30.18 "29.90 30.04 108 off 24.95 24.08 24.09 13 off 88.83 .20 up 30.89 Business Done -190,000 shares
71