BUILDING
On demand
On Japan:
On India:-
On demand................
Telegraphic Transfer.gg 1/4
and demand
On New York:-
Bank Bills, on demand 22 Credits, 60 days aight 22 7/8
On Batavia:-
On demand ............ 40 3/4
On Paris:-
Bank Bills, on demand 1086 Credits 4 months' sight (140
SPOT APRIL-JUNE JULY-SEPT.
SPOT
NEW YORK, MARCH 28, 1940. Previous March 28
Closing Opening. Closing Change Buyers Buyers 36-1/4 38 cta. 35-3/4 off 1/2 35-3/4 35-1/2 35-3/4 unch. 34-1/2 34-1/4 34-1/2
PAGE 10-HONGKONG DAILY PRESS
GENERAL
FOREIGN MARKETS & QUOTATIONS
MONEY, AND EXCHANGE
CLOSING QUOTATIONS
MARCH 29, 1948
On London:----
Telegraphic Transfer. 12 13 16 Bank Bills, en demand 1/2 13/18 Credits 4 months" sight | 31/8
On Shanghai:
On demand. ............................... 350
On Singapore:-
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE
HONGKONG
COMMODITY MARKET
REVIEW
02 1/2
(FROM PAINE & CO.)
91 1/2
SINGAPORE RUBBER
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICIO
BANKING CORPORATION
STOCKS
Last Sale
MARCH 29, 1940, STOCKS
Authorised Capital................. $50,000,000
Last Sale
SATURDAY, MARCH 30, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 18
Mar. 28
Mar. 28.
Heserve Funds: ..
Adams Express
71
Libbey-Owens-Ford
Glass
40
Sterling..................
Alleghany Steel Co.'
221
Allied Stores
8.
Lockheed Aircraft Loew's Inc.
331
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
£ 6,800,000 Reserve Fund
Paid-Up Capital .......
.£3,000,000
£3,000,000
351
Reserve Liability of
Allis Chalmers
35%
Loft Incorperated
381
Proprietors....
..$20,000,000
prietors.......
£3,000,00
HEAD OFFICE: LONDON:
Aluminium Ltd.
100
Mack Truck. Inc.
254
Amer. Can
"Head Office:--HONG KONG
115
Martin, Chen L
44)
American Cyanamid B.
382
McKesson & Robbins, pid.
281"
Amer. & Foreign Power.
17
Monsanto, Chemical
111*
"Amer & Foreign $7 pl. «
244
Board of Directors: H. Y. Wilkinson, Esq.,
Montgomery “ Ward
52*
American Gas & Mec....
342
National Aviation
141
Hon. Mr. J. J. Paterson,
Amer. Locomotive
201
Nat, Dairy Products:
181
Amer. Metals Co.
241
Nat, Distillers"
28
J. K. Bousfeld, Esq.,
Amer. Radiator
នរ៉
Amer. Rolling Mill
National Gypsum
11
141
A. H. Compton, Esq.,
National Lead
201
Hon. Mr. 8. H. Dodwell,
Amer. Sting and Ring Co.
49+
Nat, Power & Light
7
G. Miskin, Esq.,
Amer. Sugar Refining
194
National Steel Corp.
671
K. 8. Morrison, Esq.,"
The market was quiet. LONDON RUBBER
Amer. Tel, & Tel
172
Previous close Today's close
National Supply Corp.
"84
T. E. Pearce, Esq.,
Amer. Tobacco "12"
89
New York Central
157
C. C. Roberta, Esq.,
ALOR STAR AMRITSAR SAXGION BATAVIA
BOMBAY
Chairman.
Deputy Chairman,
38, Bishopsgate E.0.2
Sub-Agencies In London:
117/199, Leadenhall Street, ECA
West End Branch!" 14/18, Cockapur Street, 8.W.1. Manchester Branch:
82, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES:
HARSIN HONG KONG MANGOON
PENING
ILOILO
IPOR KARACHI
BAIGON
BRŽIMBAY
SHANGHALA
Buyers
Buyers
Change
Amer, Waterworks
$1
| Nlagara. Hudson Power '...
51
Hon. Mr. A. L. Bhields,
CALOUTTA
KLANO
DINGAPORE
11-3/15
11-1/3
* 1/18
Anaconda Copper
29
AGENCIES
N. American Aviation ...
241
APRIL
11-3/18
11-1/8
off 1/16
Sir Vandaleur M. Grayburn,
KOB
SITIAWAN
CLIVE TENT
On Saigon:-
Atchison, T. & 8. Fe.
224
On demand
108 1/4
MAY
11-3/16
11-3/16
unch, ".
North American Co.
214
Chief Manager. FAIRLIN PLACE
KUALA
SOURABAYA
Auburn Motors
13*
Northern Pacisc
JUNE
11-1/2
11-1/8
Baltimore & Ohlo
5
On Manila:--
Owens-Illinois Gläss Co.
62
Branches:
•
On demand
44
19
JULY-SEPT.
11-1/18
On Bangkok:-
OCT.-DEC.
10-15/16
11-1/18 10-15//16
Barber Asphalt Co.
143
Pacific Gas & Elec
331+
Amoy
Johore
Barnsdall Ol
11.
The market was quiet but steady.
for
Silver prices
is
Close
10.48/49
10.29/29
1/2.29/32 Mey.
W
U. S. Dellars
sellers
July (New contract) October December (>
10.42 N
>
9.79/79
9.85/65
{
}
9.60 N
(
9.49/49
Spot
10.73 N
September
December
17.51 N
Total sales:-1,200 tons.
CHICAGO WHEAT
May July September
1051/105
Wednesday's sales:-25,333,000 bushels. CHICAGO CORN
561/501
578/573
September
581/581
WINNIPEG WHEAT
The market was quiet
in the
May July October
892/893
907/901
On demand............... 180.
On Sterling Notes:-
Bank Buying Rate... 1/4
Bar Sliver per of....... 30 7/16
Market Report
FROM ROZA BROS.'
Гове
3/16 quotations both deliveries, the being 20.7/10 for Ready and 20. advices 1/2 for Forward. Silver reported a small business. The market was steady with buyers at the quoted rate. American Silver was quoted at 34.3/4 for Spot.
York CT033- The London/New Tate was quoted at 402.1/2, New York/London was quoted at 380.
Marke:
Steady.
a broader general' demand NEW YORK COTTON: There was which met with limited offerings. Prices closed firm on further talk of an export subsidy, while a better sale of goods, inducing more price-fixing, alded the market.
NEW YORK RUBBER: There was no pressure to sell and ship- ment positions were steady.
CHICAGO WHEAT: Easier under scattered selling due to re- The weakness of the Winnipeg ports of rain in Western Kansas. market. is also an adverse inuence.
YORK NEW
STOCKS: Previous close. 147.71: Today's close. 147.25: Change of 22
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
Sterling Business was done during the course of the morning at 1/2.29/ 32 for various deliveries, The market closed at 1 p.m. sellers at 1/27/8 March/August. May 1/2.15/16 Cash buyers 'l
and July
Opened uncertain with
with
Total sales Wednesday: 61,300 bales.
at 22.3/16. buyers bidding 22.5/16 January for Cash resulting in business March inter at 22.1/18 for May, 22.1/8 April and 22.3/16 for March. The market closed at 1 pm with sell- erg at 22.1/8 March, possibly April and 22 May, buyers at 22.1/4 for Cash, 22.3/18 · April and 22.1/8 May.
Shanghai Dollars Opened with sellers at 356 and theo rose to 359:1/4 Towards hunch time the rate was quoted
at 358.
First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER May July
January
Shanghai Markut Sterling opened with sellers at 4:1/8 and and towards the close sellers were quoted at 4.9/64 for
May Spot. US Dollars opened with
July sellers at 6.6/3 and then rose to 6.7/32 for Spot, and closed lower at 8.5/32 for Spot. Quiet.
AFTERNOON MARKET
Bendix Aviation
Bliss & Co.
Boeing Airplane Co.
Case, JI
Pacifc Lighting
477
Bangkok Kobe
Rangoon Saigon
341
| Packard Motors
31.
Batavia
Bethlehem Steel
751
Pan-American Airways
-21+
Bombay
Kusla
154
| Paramount Pictures
1
Kowicon San
Calcutta Lumpur Shangbai
CARTON CAWNPORN CIBC COLOMBO DILEI HAIPHONG
LUMPUR
TAIPING
KUOHINO
TIENTSIN
MADRAS
TONGKAR
MANILA
(Bhuket)
MEDAB
TSINGTAD
NEW YORK
ТОКОНАКА
Canton
M3
Pennsylvania R.R
そのま
London" Singapore
Francisco HAMBURG
|HANKÓW
Cbsfoo
Lyons Sourabaya
Borg-Warner
221
Phelps-Dodge
363
Colombo
Malacca
Sungei
Bridgeport Brass Corp.
11
Phillips Petroleum
381
Dairen
Manila*
Briggs Mig.
217
Pittsburg Coke & Iron
7.
Foochow
Brooklyn-M'hattan. Trans.
211
Public Service of NJ,
413
Haiphong
Brooklyn-Manhattan 56....
Pullman Inc.
20
Bankow
Tokyo
Canadian Pacifc. R'way
51
Pure 01
BJ
Harbin
New York Tsingtao
Iloilo.
581*
Radio Corpn. of Am.
61
Ipoh
Celanese
31
|Reading Company, Com 151
Chesapeake & Ohio
591
Reading Company, ist pfd. 264
Chrysler Corpn.
26
Remington Arms Co., Inc. 4"
Climax-Molybdenum Co.
3y
Republle Aviation Corp. ...
34
Colts Patent Fire-Arms Columbia Gas & Wec.
801
Republic Steel
203
54
Revere Cop. & Brass Inc. ..
134
Prev. Today's High Low Close Close, Change 10.57 10.48 10.48 10.54 06 up 18.17 18.06 18.12 18.17b .05 up 106
1041 1 off 1047 105 57 563 set 564 up 13.75 13.55 13.70" 13.55.15 off
Columbia 8% “A” pf.
.87
Reynold Tabac. "B"
417
Commercial Credit Co.
453
Richfeld. Of
7
Com, & Southern (Ord.)
1
Safeway Etores
501
Consolidated Edison
31
Schenley Distillera
141
Consolidated Oll ... Continental Can
77
Sears Roebtick
861
Muar
Patani Swatow (Johore) Tientsin Mukden
Peiping Yokohams
Penang
PHIPING
(Peking)
FOREIGN EXCHANGE and General |Banking Businem transacted.
CURRENT ACCourts 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
CORRENT ACCOUNT opened in interest allowed at rates obtainable, LOCAL CURRENCY and FIXED DEPOSIT on application. received for one year or shorter The Bank's Head Office in Londen periods in Local and other Cur-undertakes Executor and Trustee terms which will be business, and claims recovery of rencies da
British Income Tax overpaid, on quoted on application.
Atao up to date SAFR DEPOSIT terms which may be ascertained at Box in various sizes To Lat any of the Agencies and Branches. Hong Kong, 28th February, 1940.
R. A. CAMIDGE,
Manager
f.
43
Shell Union Oil
111
HONGKONG SAVINGS
Continental Of
Opening
Closing
Change
Copperweld steel
10.48/48
10.54/54
.06 up
Corn Products
10.28/28
10.34/35
.05 up
Curtiss-Wright (C.)
10.40b/43a
10.47 N.
,00 up
Curtiss Wright, "A"
9.79/79
9.84/84
,05 up
Deere & Co,
9.64/04
9.70/70
.05
up
Distillers Corpn. Seagrams
9.586
9.65 N
.05..up
Douglas Aircraft
9.49/49
9.55 N
06. up
Du Pont de Nemours
10.79 "N
.06 up
Eagle Picher Lead
"
Eaton Mfg. Co. ................................
Elec. Autolite
Elec. Bond., & Share
18.12/12 17.85b/88a
17.70b/75a 17.55/55
18.10b/20a 17.80/80 17.68/68
18.17b/20a 17.89/89 17,75b/78a 17.58/58 17.54 N
05 up
Elec. Bond & Share $5 pf.
.04. up
Elec. Bond & Share $6 pi.
.05 up
Elec. Power & Light $7 pi.
03. up
Fisk Rubber ........
.03.ap
Flintkote
Gen, American Trans,
Gen. Electric
1037/1032
1047/1054. 1038/2037
1038/1034
1047/1042 1031/1031 1037/1037
off
Gen. Motors
1 off
Gen. Railway Signal
off
Gen. Tire & Rubber
Gudden Co..
Goodrich (B.F.)
561/581
561/564
1 up
Goodrich $5 pf.
573/571
i up
Goodyear Tire & Co.
581/581
4 up
Great Northern Iron Ore
Great Northern Rly, ptd.
397/897
891/891 901B
92 b
92 A
off #off off
Great Western Sugar
Greyhound Corpn.
Hercules Powder Co.
afternoon.
Sterling
NEW YORK HIDES. June..... September
Homestake Mining
13.70/70" 13.95/97"
13.72/69" 13.03/00
13.55/55 13.79/79
.15 off .16 off
International Harvester
Int Nickel
34-3/4 3,80
Int. Tel. & Tel
Johns-Manytile
market
J. & Laughlin Steel $7 pfd. 531 Kennecott Copper
LONDON METALS
Lakey Foundry & Mac,
:
..
LONDON SILVER
EXCHANGE
22.1/13 for Cash. The market little
offering.
with Business small.
London, Mar. 28 (Reuter).
TIN
1939/40
bayers £
sellers
D
2
35.90 24.14 20" Bails
27.70 20.70 20 Utilities
(39.29 84,51 40 Bonds
ings.
Spot, 20-7/161...
months 246
246-1/4
A small business was done at
1/2.29/32 for near delivery. The New York. Official..... 34-3/4
closed with sellers at NY-London Cross Rate 3.49-3/B
1/27/8 March/August, buyers at 1/2.15/18 Cash and 1/229/32 April /August."
U. S. Dollars
A. gmiall business was done at 223/16 for Cash. The market
closed with sellers at 221/8 Cash,
SILVER MARKET
London, Mar, 28 (Reuter)... Silver: General buying
closed with sellers at 22.1/8 Cash, Market steady. In the afternoon, 22.1/18 May, buyers at 21.3/16 for the market was steady with small Cash, 22.1/8 April and possibly buyers at the rate and on offer- Standard, Cash 247-3/4 248
Standard, 22.1/15 May.
Shanghai Dollars Bellers at 360:1/4 for Bpot.
Shanghai Market
Sterling sellers at 41/8 for Spot
and US. Dollars at 9.1/8 for Spot. quiet.
Shanghai Exchang
Shanghai, Mar. 29 (Reuter).
Official T.T. Rates
Spot... 0/4-1/8 ̧·0/4-9/64
Forward, 20-1/2d...
NEW YORK SILVER
New York, Mar, 28 Reuter).
Silver, Official, 34-3/4.
BOMBAY, SILVER
Bombay, Mar. 28 (Reuter)..
INDO-CHINA
Market Quiet. offtake 50 bars STEAM NAVIGATION COMPANY LTD.
Indian Mint Silver Ready Apr. 3 Settlement May 1 Bettlement
Operating Services for Cargo and Passengers
57-07
57-07
57-11
TO-
LONDON GOLD ́
London, Mar. 28 (Router), Bar Gold, Fine per oz., 188,
India Rupee Paper
Bombay, Mar. 23 (Reuter) Govt. 34% Rupee, 94-10-0
London
Opening
0/4
New York
5-7/8
Japan
24-7/8
India-
22-1/8.
Paris
2.94
Hongkong
Opening
28-3/4 Sellers
Closing
Маг. 0/4-1/8
www
April
0/4-3/64 0/4-3/84
New York Exchange
US DollarS
.
Spot
$8-5/32
$6-5/32
Mar.
8-5/38
-5-21/32
innt Baton
9terling, 0/4-3/22
Market Quiet
· UB - Dollars +36-1/16.
New York, Mar, 28 (Reuter). T.T. on London (Opening Rate), 3.50-3/4.
Calcutta Exchange
Calcutta, Mar. 23 (Reuter).
T.T. on Japan, 99-1/2.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
. and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where passengers and cargo are landed.
For further particulars
please apply to~.
JARDINE MATHESON& Co TELEPHONE SOJIL- GENERAL MANAGERS
BANK
THE CHASE - BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
& SHANGHAI BANKING COR- PORATION. Bules may be obtain- ed on application.
For the HONGKONG & SHANGHAI Banking CompÓRATION.
V. M. GRAYBURN,
Chief Manager.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital
Reserve and Undivided
Profite
5,398,000,00
Head Omce-HONG KONG
No. 10 Des Voeux Road, Central
Board of Directors:
Sir Bhouson Chow, Chairman
P. K. Kwok, Fac.
Li Lan Sang.. Esq. Wong Cha Son, E
Wong Tan Long, Esq. Kan Ying Po, Bag. Chan Ching Shuk, Esq. Fung Ping Wah Esq
Kan Tong Po, Kaq, Chiaf Matixger...... Li Tse Fong, Esq., Manager,
Batavia
Branches 'and Agencias :—
Penang *Bingapore
Bourabaya
Melbourne dan Fran- Bydney
cisco Tintin
New York Bestil Vandbuyer Paris
Tomazing Shanghal
Potping
HEAD OFFICE: MA 18, PINE STRETI,
NEW YORK An "American Bank offering co
plete Foreign Banking Serv." in the principal Markets of the world.. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Baok is entirely owned by THI CHAR NATIONAL BANK, New York, with Besources of arse U.S.$2,200,000,000, "
D. M. BIGGAR,
Second Vios Pris.
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 Chika)` 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.
J
Head Office: SHANGHAT' Hong Kong Branch:
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
shorter one year or periods in Local and Foreign Cur rancies on terms which will be SWATOW
quoted on application.
RAVE DEPOSIT Boxes To Ler.
4, QUEEN'S ROAD, C. "South China Offices: CANTON
SHIUCHOW
KONGMOON TUISHAN
KINGCHOW
We also handle the imue of Bori_
KAN TONG PO,
Chief Manager. and other Public Funds of ta
Chinese Government both at Home {and Abroad."
SHOU J. CHEN,
Manager
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in China)
General Banking Facilities and Finansial Agente ta The Provincial Government of, Kwangtang Head Office-Shinkwen, kwangtung Provinen Hongkong Branch-won's Ully., & Caster lid. Cable Addresses-"PROVINCIAL" 2839, SHAS..
Telephones:
20112, 20113, 20143, 20181, #1681," BRANCHES THROUGHOUT.
SOUTH CHINA *.- Correpidents In New York and London Paid Up Capital ..... N$10,000,000. N$10,500,000.
Reserve Capital
AUYANG MANLY,
Hongkong Honger.
A Job?
WANT ADS
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street, London, ECA Authorised Capital
£5,000,
3000 Subscribed Capital Paid-up Cyltil Reserve Fund and Bert,
BANKERS:
£2,000,000
The Bank of England and Midland
Bank, Ltd.
BRANCHES:
Bangkok
[pok
Bombay
Cheatin
Kantea
Dolombo 'Kandy,
Delhi
Kamchi
Kota Bharu
Hongkong
Howrah
Kuala Lipla
尊
Kesla Tregginu
Madras
New York
Penang
Вадкова
Simla
Inala Lumpur, Jingapore
HONG KONG BRANCH: Every description of Banking and Kayhang
Emrin tractotod.
Travelers Unequea feriad,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
CURRENT LOOOUNTS opened in Losal Cupi randy IXED DEPORrvel yaow[wed: in Lond Curency, 92EBLING & U. 8, DOLLARS on SHRIDE | Chat may be sowtained on appliestión, ve
· D. "BENSON,
221
Socony-Vecinam 01.... 12
17
Southern Pacific
12:
607
Southern Rly $5 pfd.
207
10광
Sperry.
424
271
Spicer Manufacturing Co.. 351
is conducted by the HONGKUNG
217
Standard Brands
61
19
Stand Gas & Elec..........
1*
841
Standard On of California
221
184
Standard Of of N.J.
431
111*
Stone & Webater
10
331
Studebaker Com
114
*331
Swift International
Hong Kong, 95th Feb. 1939.
61
Technicolor
151
61
Texas Corpz.
451
70
Texes Gulf Sulphur
337
30
Timken-Axle
241
157
Trans-America Co.
51
201
20th Cent. Fox,
113
511
20th Cent. Fox, $1ḥ pf. .....
23
381
Union Carbide & Carbon
831
Union Pacific
952
2,883,932.01
a
17
United Aircraft
47
204
United Airlines Trans ......
207
171
United Corpn.
2+
184
United Corpn. $3 cum pi 387
851
United Gas Corph.
1
227
United Gas Improvement
13
Li Koon Chan, Esq.
14
P
U.S.. Industrual Alcohol
231
U.S. Rubber
238
271
UB, Rubber 38 pfd.
1154
157
US. Steel
57.
BT
Vanadium
34
.571
Vultee Aircraft
94
534
Walworth Cal
54
Amoy
33
Warner Bros. Pict.
31
Kowloon Loudas Rangoon
Boubey
Manila
BTACT
4*
Westinghouse Elec,
1121
69
Woodward Iron Cor.
251-
Chase National Bank
34*-
Haiphong Elapko
onciaio Kobe
35+
National City Bank
291*
4+"
•~~bid.
1-ex, div.
DOW JONES AVERAGE
-Mar. 29, 1940,-
High Low Dow Jones Averages Mar. 27, High Low Close 155.99 191.41 · ́ Industrials
-148.16 146.99 147.25 30,#9 30.53 30.55 24.68 24.35. 24.55
147.47
30.79
21.28
88.73
× 65.67 · 45.59 11 Commodity Index 39.16
BRI78 50.24
Change $2 off .24 off .97 up 06 пр .09 up
Business Done :—1,020,000 shares