NEW YORK, MARCH 26. 1940. Previous March 28
Bank Bils, on demand 21 1/2 Credits, 80 days' sight 92 3/8
On Batavia:-
On" demand .....***
SPOT
Buyers 37-1/8
Buyers
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
*MARCH 27. 1940
On London:--
Telegraphic
Transfer.1/9/95/3%
Bank Bills, on demandi/s 26/33 Credits 4 months' sight 1/33/39
On Shanghai:-
On demand
On Bingapore:-
On demand
On Japan:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
350
59 3/8
91 1/2
Transfer.
SINGAPORE RUBBER
189
and demand
On New York:-
On demand
On India:-
Telegraphic
NEW YORK STOCK EXCHANGETM
QUOTATION
(REUTER'S SERVICH!
| Libbey-Owens-Ford
BANKING CORPORATION
STOCKS
Last Bale
Mar. 28.
MARCH 27, 1940. STOCKS..
Authorised Capital........ $50,000,000
Last Sale
..
Mar. 26
Reserva Funda:
Adama press
71
Class
491
Sterling
Alleghany Steel Co.
"211
Lockheed Aircraft,
307
Allled Stores
74
Loew's Inc.
351
Reserve Liability of
Allis Chalmers
36
Loft Incorperated
*351
Proprietors
..$20,000,000
THURSDAY, MARCH 28, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA AND CHINA
가
Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charte, 1883
Paid-Up Capital £6,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
£3,000,000
£3,000,000
prietors
...£3,000,000
HEAD OFFICE: LONDON:
Aluminium Ltd.
199
Mick Truck Inc. ...
*95
Head Office:-HONG KONG
Amer. Can
1147
Martha. Glen L,
427
American Cyanamid B.
$82
McKesson & Robbins, pfa.
Nj
Amer. & Foreign Power
13
Monsanto' Chemical
1118
Amer & Foreign $7 pi. American Gas, Amer, Locomotive
211
Montgomery Ward
531
Elec.
344
National Aviation
141
201
Nat. Dairy Products
17A
Board of Directors: H. V. Wilkinson, Esq.,"
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
Closing Opening Closing Change Amer. Metals Co.
243
Nat, Distillers
261
Amer. Radiator
81
National Gypsum .............
107
J. K. Bousfeld, Esq., A. H. Compton, Esq.,"
APRIL-JUNE
JULY-SEPT,
37-1/B 38-7/8 of 1/4 36-3/8 38-3/8 36-1/4 35-1/8 35-1/8 35
Amer. Rolling Mil
14
National Lead
201
Hon. Mr. 9. H. Dodwell,
of 1/8
Amer. Sting and Ring Co.
491
Nat, Power & Light ......................
78
G. Miskin, Esq.,
off 1,8
Amer. Sugar Reining
191
National Steel Corp..
99
K. S. Morrison. Esq.,
..... 40
On Paris:-
Bank Bills, on demand 1082"
The market was idle." LONDON RUBBER
Amer, Tel, & Tel.
172
National Supply Corp.
8+
T. E. Pearce, Esq.,
Amer. Tobacca “*”
881
New York Central
151
C. O. Roberts, Esq.,
Previous close Today's close
Amer, Waterworks
Hon. Mr. A, L. Shields,
91
Niagara Hudson Power ...
51
Credits 4 months' sight 1137
Buyers
'Buyers
Change
Anaconda Copper
271
N. American Aviation ......
234
Sir Vandeleur M. Grayburn,
-On Batgon:-
SPOT
11-1/4
11-1/4
unch.
Atchison, T. & 8, Fe.
21+
North American Co. d'i
201
39, Bishopagata E.C.3.
Sub-Agencies In London:
117/19, Leadenhall Street, B.C.2.- West End Branch:
14/16, Cockapur Street, 9.W.1. Manchester Branch:
68, Mosley Street, Manchester, 1.
AGENCIES AND BEANCHES:
HARMIN
ALOR STAB AMRITSAR
BANGKOK BATAVIA
BOMBAY
CALOUTTA
ACENOIRS: CLITS BET
Chief Kanager. FASLIN PLJOS
CANTON
HONG KONG, RANGOON
PENANG
ILOILO IPOH
... BALCON
SEREMBAN
KARACHI ILANG KOEL KUALA
LUMPUR
SHANGHAI
SINGAPORE
BITIAWAN
BOURABAYA
TAIPING
On demand
108
APRIL
11-1/4
11-1/4
unch.
Auburn Motors
14
Northern Farlic
7
TIENTSIN KUCHING
On Manila:
MAY
11-5/16
11-1/4
off 1/18
Baltimore & Ohio
42
Owens-Illinois Glass Co.
62
On demand
On Bangkok:-
婚
JUNE..
11-1/4
11-3/18
11
י
JULY-SEPT.
11-3/18
On demand
150 1/2
OCT.-DEC.
On Sterling Notes:-
Bank Buying Rate
Bar Silver per az
1/3 31/32 90 1/16
་་ ་ མ་
Marke:
น
Close
at 1/27/8 for near
32 April/October. buyers at
10,54/54
10.33/34
10.45/45
7/8 August
October December (
9.91/91
}
9.78/78
9.74/74
>
Spot
9.60 N. 10.79 N
March May July
September December
January
..the
18.40 N
Market Report
FROM ROZA BROS. silver prices dropped yesterday to the extent of 5/8 for Ready and 9/16 for Forward, the quota- tions being 20.1/16" and 20.1/8 re- spectively. Silver advices report ed Speculators as having sold. India supported the market to
small business small exent, A
The market closed done. Was steady with buyers at 1/16 over American Silver the quoted rate, was quoted a; 34.3/4 for Spot ・・ York cross- The London/New
a
rate was quoted at 402.1/2 New York/London was quoted at 353. 1/2
Steady
Sterling Opened with sellers at 1/2.27/32 done subsequently business was at 1/27/8 for near delivery. The marke; closed with small
off 1/18 Bendix Aviation
After ruling steady, the market closed dull. NEW YORK COTTON: Dragging "legislation, foreign selling, the weakness of Sterling and the failure of the renewal of textile de- mand were all discouraging factors. There was, however, a late support by the Trade which steadied prices at the decline, Con- tinued mill curtailment is reported.
35
NEW YORK RUBBER: There was some factory buying, Dealers and foreign interests, however, were selling intermittently. Uncer- tainty with regard to the Sterling exchange was an adverse factor.
CHICAGO WHEAT: Forecast of moderate rains in the South- West and the weakness of Sterling caused setbacks but reports of dust storms in Kansas and Nebraska checked further reaction,
Previous close, 146.25; Today's close. NEW YORK STOCKS: 145.86; Change, of 39.
NEW
YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton. May New York Rubber, May Chicago Wheat, May Chicago Corn, May New York. Hides, June NEW YORK COTTON and 1/2.27 May 1/2. July
sellers
29/32 for Cash and probably 1/2 July (New contract)
Prev. Today's High
Low Close Close Change 10.52 10.40 10.54 10.4014 of 18.38 18.16 18.40 18.16 .24 off 1051 off 1062 105 1061 567 57 561
501 i off 13.66 13.43 13.72 13.46 ,23 off
Bethlehem Steel "Bliss & Co.
Case, JI Ate
Celanese
Change Distillers Corpn. Seagrams
Total sales Monday:-36,900 bales. First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER
U. S. Dollars Erratic at the opening with January sellers offering 213/4 for Cash March but the rate gradually rose to 21. small busi- 7/8 at which rate a ness was reported for April de- transactions livery followed by at 22.1/16 for Cash. Towards the for also reported close 22 was March delivery. The marke; closed with sellers at 21.15/16 March, probably April, buyers at 22.1/6 for cash and 22 April.
Shanghai Dollars Business was done during course of the morning at 300, 359.
Total sales:-1,440 tons.
Last Trading day for March rubber:-27/3/40.
1/2 and 359 for cash. The market| CHICAGO WHEAT
11-1/8
11-1/8 11-1/16
Barber Asphalt Co. Barnadall OIL.
14
Pacific Gas & Elec
341
Amoy
101
Pacine Lighting
471
Bangkok
331
Packard Motors
3)
Batavia
Kowloon
Branchen: Johore Rangoon
Saigon Kobe
San
DAWNPORN CLIU
MADHAN
TONGKAN
COLOMBO
MANILA
(Bbuket)
DELHI
MEDAN
TRINITAO
HAIPHONG
NEW YORK
YOKOHAMA
74
Pan-American · Airways
211
Bombay
Kuala
Francisco HAMBURG
PRIPING
141
Paramount Pictures
3+
Canton
Loadou
Boeing Airplane Co.
22
Pennsylvania R.R
211
Chefoo
Lyont
Borg-Warner
211
Phelps-Dodge
35+
Colombe
Malacca
Singapore- Sourabaya Sungei
Bridgeport Brass Corp.
117
Phillips Petroleum
374
Dairen
Manila
Briggs Mfg.
211
Pittsburg Coke & Iron
: Poochow
Muar
Patani Swatow
Brooklyn-Manhattan $6.... Brooklyn-M'hattan Trans.
217
Public Service of N.J.
42
Haiphong
91*
Pullman The.
251
Bankow
Harbia
Canadian Pacific R'way
.51
Pure On
Iloilo..
New York Peiping
671
Radio Corpn. of Am;
Ipoh
30%
Reading Company,
Com 151
Chesapeake & Ohio Chrysler Corpn.
39
Reading Company, ist pfd
25*
841
Remington Arms Co., Inc.
4+
Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Gas & Elec...........
381
Republic Aviation Corp....
51"
771
Republic Steel
191
5A
Revere Cop: & Brass Inc."..
121
Columbia 6% "A" pí.......
86
Reynold Tobac. "B"
411
Commercial Credit Co....
451
Richfeld 01
01
Com, & Southern (Ord.) Consolidated "Edison Consolidated Ol Continental Can
1
Safeway Stores
491
301
Schenley Distillers
14
Sears Roebuck
861
471
Shell Union Ol
11+
Continental Oll Copperweld Steal
22+
Bocony-Vacunum Onl
113
161
Southern Pacific
12
Corn Produets,,
50
Southern Rly 35 pta.
251
Curtis Wright (C.)
101
Sperry".
421
Curtiss Wright. “A”
281
Spice Manufacturing Co. 348
Deere & Co..
211
Standard Brands
61
Opening
Closing
19
stand Gas Eléc. ..............................
14"
10.50/50
10.40/41
14 of
Douglas Aircraft
83
Standard Off of California
22
10.31/30
10.19/20
.14 off
Du Pont de Nemours
184
Standard Of of NJ.
43#
10.43/42
10.32 N
13 of
Eagle Picher Lead
12*
Stone & Webster
to
9.85/86
9.70/71
21 of
Eaton Mfg. Co.
33
Studebaker. "Com
9.74/75
9.59/59
.19 off
Elec Autolite
371
Swift International
101
282
9.89b
9.54 N
.20 off
Elec. Bond & Share
51
Technicolor
9.57/57
9.41 N
.19 off
Elec. Band & Share 5 pí
59*
Texas Corpn...
10.65 N
.14 off
Elec. Bond & Share $6 pf.
681
Texes Gulf Sulphur
Elec. Power & Light $7 pí.
28*
Timken-Aria
Fisk Rubber
147
Trans-America Co.
| Flintkote
101
20th Cent, Fox.
Gen. American Trans.
511
20th Cent. Fox. $i} pl.
18,16 N 18.40/40 18.35/35 18.18/16 18.17/17 18.10b/15a 17.90b/95a 18.00b/15a 17,95b/18.01 17.83/83 17.90b/958 17.85 N
21 of Gen. Electric
371
Union Carbide & Carbon
811
24 off Gen. Motors...
53%.. Union Pacific"
951
Profita
3,598,800.00 2,863,232.01
Calcutta Lumpur Shanghai HANKOW
(Johor) Tientsin Makden
Penang
Tokyo
Taingtao Tokobama
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ons Year or shorter periods in Local or Other Carrencies at rates which will be quoted on application.
SAVINGS Accounts also opened in Local Currency and Sterling with
CURRENT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOT on application.
The Bank's Head Offies in London received for one year or shorter periods in Local and other Cur-undertakes Executor and Trustes rencies 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 HONGKONG & SHANGHAI BANKING COR PORATION. Ruler may be obtain- ed on application.
For the HONGKONG & SEAFORAL. BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager, Hong Kong 25th Feb., 1839.
BANK OF EAST ASIA, LIMITED
--
Authorised Capital......$10,000,000.00 Paid-Up Capital .......... Reserve and Undivided
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK. American Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Baak is entirely owned by BANK, THE CHABE NATIONAL NEW YORK, with Resources of over U.B.$2,900,000,000.
D. M. BIGGAR,
Second Vice Pru.
27 off .17 off
Gen. Raliway Signal
162
United Aircraft
47
Gen. Tire & Rubber
17.73b/75a 17.89 N
17 off.
Glidden Co.
.16 off
Goodrich (BF)
Goodrich 35 pf.
Goodyear Tire & Co.
Great Northern Iron Ore ..
Great Northern Rhy, pfd.
closed with amall sellers at 359, buyers probably at 359.1/2 for Spot...
May July
1063/1001
105/1051
1061/106 105/1041
September
1041/1044
105/105 104/1041 1037/1031
1 off 1 off
Great Western Sugar
Greyhound Corpn.
11. off
Hercules Powder Co.
Shanghai Market
Monday's sales:-34,260,000 bushels.
Homestake Mining
"Sterling sellers for
Spot
ati..
International Harvester
4.18 US Dollars opened with CHICAGO CORN
Int Nickel
***
sellers at 6.1/18 for Spot and
May
closed slightly steadier at 6.1/3 July for Spot.
587/57 58/58
561/581
562/561
571/57)
off
off Int. Tel & Tel. ..........
Johns-Manville
September
581/681
581/581
of J. & Laughlin Steel $7 pfd.
WINNIPEG WHEAT
Kennecntt Copper ........
Shanghai Exchange
May
gold
901
891/893
off Lakey Foundry & Mac.
Shanghai, Mar. 27 (Reuter),
Oficial T.T. Rates
July
911b
October
921a
91, A 02ĻA
1 off
unch
Opening
NEW YORK HIDES
London
014
New York
5-1/8
June
Japan
24-7/8
September
India ........
22-1/8
New York. Official
14.04/05 34-3/4
13.72/72 12.66/08 13.98/95
Paris
2.94
NY-London Cross Rate 3.68-3/8
.13.46/48 13.72/72 34-3/4 3.53-1/2
28 off
Hongkong
26-3/4
Sellers
Spot Mar. Apr.
BIG INCREASE IN
......
"spot
Mar.
Apr.
5-11/16
#
Sterling, 0/4-3/32..
TO
Opening Closing
0/4-1/8. 0/4-1/8
0/4-1/16 0/4-7/64 0/3-59/64 0/4
U.S. Dollars
$8-1/16 $6-5/32
$6-1/8
5-15/16
5-15/16
Market: Quiet.
Merchant Rates
US Dollars, $6-1/16.'"
Silver Duty Rate
The Central Bank of China's
rate on London at 10 am, today was 1/2-1/2
"
U.S. EXPORTS®
32 off
STOCK EXCHANGE QUIET
NEW YORK, Mar. 27′′ (Reuter)--- LONDON, Mar. 27 (Reuter)-On Value of the United States ex- the Stock Exchange yesterday the
This ports 15 £86,700,000,
Ismarkets were quiet, with little ae- £30,700,000 more than the value tivity in any group except Home the largest Rails, which were higher on re- of imports and difference for over 11 years
parts of the large Easter Holiday traffics
13
SILVER MARKET
LONDON SILVER
London, Mar. 26 (Reuter). Silver. Speculators sold. Little Indian support at the lower levels.
The Equalisation rate was 5-1/4 Business small. Market quiet. I
per cent.
India Rupee Paper
Bombay, Mar, 26 (Reuter), Govt, 31% Rupee, 94-03-0.
New York Exchange
"New York, Mar. 26 Reuter). T.T. on London (Opening Rate),| 3.63.
Calcutta Exchange
Calcutta, Mar 28 Beuter), T.F. on Japani, 85-5/8.
Waa
the afternoon, the market steady, with small bayers at 1/18 over but sellers were reserved.
Spot, 20-1/16d.
Forward, 20-1/8d
NEW YORK SILVER New York, Mar. 28 Reuter).
Silver, Omcial, 34-3/4. "
BOMBAY SILVER
Bombay, Mar, 24 (Reuter). Market-Quiet. Otake 25 bars. Indian Mint Silver Ready...... April 3 Settlement... May 1. Settlement......
67-04.
57-04 57-074
Indian Government stocks tend. elsewhere ed to harden, but movements were very
Wall Street was steady.
all.
LONDON\\_METALS® EXCHANGE
London, Mar. 26 (Reuter).
buyers sellers
오..
£
Standard, Cash 247-1/4-247-1/2 Standard,
3 months 246-1/4 248.
275-172
Straits, .....
LONDON GOLD
London, Mar. 26 (Reuter). Bar Gold, Fine per oz, 168.
1039/40
DOW JONES AVERAGE
Higl Low-Dow Jones Averages
155 99 181.41 30 Industrial
ME
35 90 24.14 30 Raila
27.70 20.70 40 Ubilimen
32.99 84.51 40 Bonds
Mar. 27, 1940, Mar. 25, High Low Close 148.95 148.58 145.49. 145.88 3004 20.12 29.93 - 29.98 24.09 94.19 24.05 24.15
88,83
65,87 45.59 11 Commodity Index 59.99
59.05 77 off Business Done:-890,000 sharOS
Board of Directora:
Sir Shouse Chow, ChairusO Li Koon Chus, Eaq. Li Lan Sang, Bag,
Wong Chu son, Esq. P. K. Kwok, Esq. Wang Yan foor, Esq. Kan Ying To, Zag. Chan Ching Shok, Kal. Fing Ping Wah Eag Kan Tong Fo, Esq., Chief Manager. Li Tse Fonz, Esq.," Manager.
Amoy
Batarin
"Branches and Agencies:-
Bombar Chinth Haiphong
Kartoon Prane Singapore Loudon Rangoo Boerabaja
Swakow Balgon Kelbourne Franz Bydemy lag Ti tanim
VALCOVYRE Semarang Parle
Shanghai Pulping
Every description of Banking and. Exchange business' transacted. Loans granted on approved securities:
Current Accounts epened in Local Currency and Fixed Deposits re- ceived for dat year or shorter periods in Local and Foreign Cur
terms which will be rencies on quoted on application.
SAE DEPOSIT Borts To Im.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOEK and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG.
All steamers berth alongside the Boosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZII GENERALI
NAGERS
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL 840,000,000,00 (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 facilities for Domestic and Foreign Banking and Exchange.
Head Office:—SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD," C.. South China Offices:
KONGMOON CANTON!!
TUISHAN WATOW
KINGCHOW SHIUCHOW
We also handle the issue of Bonda
and other Public Funds of the Chinese Government both at Home land Abroad.
SHOU J. CHEN,
Manager.
THE KWANGTING PROVINCIAL
BANK/ (Incorporated in his
inhina)
Gateral Banking Freshitise and Financial Agents t The Provincial Garnroment of Kwangtang
Head Oflen-blokwan, kwangiang Province Hongkong Branch-Queen's Bldg., 5 Chater Rd. Cable Addresses-"PROVINCIAL" 2009, 9645. Telephones: 20112, 20113, 20143, 20181, 21681. BRANCHES THROUGHOUT SOUTH CHINA „Corrwpondents in New York and London Paid Up Capital Reserve" Capital
N$10,000,000. N$10,500,000.
AUYANG MANLY,
Hongkong Kanager.
A Job
onsult
WANT ADS
194
United Airlines Trans
20
17
United Corpa,
23
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
། ་
18
United Corpn. $3 cum pf. 382
"
..65+
United Gas Corpn.....
It
221
United Gas Improvement
13
13
US., Industrual Alcohol.
321
237
U.S. Rubber
324
271*
US. Rubber $a pfd.
1141*
152 ·
U.S. Steel
541
95
Vanadium
32
541
Vultee Aircraft
91
531
Walworth Co.«.
54
327
Wamer Bros. Pict.
37
4
Westinghouse Elec.
111
69
Woodward Iron Cor.
231*
58+
Chase National Bank
341
National City Bank
Bankow timolatu Robe
4.
bid.
1x div.
Change 39 off
06 off
da:90
88,65
.18 off