SPOT JULY-SEPT.
OCT-DEC
The market was steady but quiet.
LONDON RUBBER
11
MAY
JUNE
15
JULY-SEPT,
19
OCT.-DEC.
*German Issue)
17
Lung Tsing &
U. Ha!
After initial steadiness, the market declined on further hedge selling, with poor support.
Bendix Aviation
PACE 10-HONGKONG_DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, April 11 The following quotations are the middle prices at the close of the market in' London. All' quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
War Loan, 31%
after 1952)
£
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
(Red
991"
15
SINGAPORE RUBBER
Canton-Kloon Rly. 5%
Chinese 44% Gold Loan
1898 (Brit. Issue)
Chinese 5% Gold Bonds..."
1925-47....
Chin. 41% Anglo-French
Loan, 1908
Chinese 5 Crisp Loan,
1913 (Ldn. Isu)
Chinese 5 Reorg. Loan,
1912
Chinese 8% Ster. Notes.
1925 (Vickers)
Chin. Imperial Rly." 5%
Loan
Honan Rly 5%
Hukuar.g Rly. 5%, 1911...
Hukuang Ry. 5% 1911
3 2 3 3
صبح به
3***
SPOT
NEW YORK. APRIL 11, 1940.
Previous April 11 Closing Opening Closing Change Buyers Buyers
N
Previous close 'Today's close
Buyers
Buyera
11-3/16
11.
11-3/16
11
11-3/18
11
11-1/8
11-1/16
10-15/16 10-7/8
NEW YORK STOCK EXCHANGE
| Alleghany Steel Co.
Aluminium Ltd.
QUOTATION
42
(REUTER'S SERVICE:
STOCKS
Last Sale
APRIL 12, 1940. STOCKS
Apr. 11
Adams Express
71
Lakey Foundry & Mac......
Last Sale Apr. 11
4
237
| Libbey-Owens-Ford
Glasa 50%
Allied Stores
8+
Lockheed Aircraft
384
Allis Chalmers
361.
Loew's Inc.
104.
Loft Incorperated
341 377
Amer. Can „
1154
Mack Truck Inc.
Ameriean Cyanamid B.
3871-
Martin, Glen L.
441
Amer. & Foreign Power ...
21
McKesson & Robbins, pfi. 281
Amer & Foreign $7 pi.
26.
Monsanto Chemical
1144
| American Gas & Elec.
361
Montgomery Ward
53+
Amer. Locomotive
201
National Aviation
147
Esa. Mr. J. J. Paterson,
Deputy Chairman.
Amer. Metals "Co. ......
333*
Nat Dairy Products
171
Amer. Radiator
Nat. Distillers
251
36 cts...
35-3/4 35-3/4 of 1/4 35 ets. 34-3/4 34-3/4 of 1/4 34-5/8 34-3/B 34-1/4 of 3/8
Amer. Roiling. Mill
16)
National Gypsum
J. K. Rousfeld, Esq., A. H. Compton, Esq.,
108
Hon. Mr. S. H. Dodwell,
Amer. S'ting and Ring Co.
534
National Lead
224-
G. Miskin, Esq.,
Amer. Sugar Reining
214
| Nat. Pöwer & Light
81
K. S. Morrison. Esq.,
Amer. Tel & Tel.
174
National Steel Corp.
675
T. E. Pearce, Esq.,.
Amer. Tobacco "B"
911
National Supply Corp....... 81
C. C. Roberts, Esq.,
SATURDAY, APRIL 13, 1940.
BANKS
SHANG
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital..... 850,000,000
Reserve Funds:
Sterling
INDIA, AUSTRALIA
AND CHINA
Isauad & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 180s Paid-Up Capital £3,000,000 £6,500,000 Reserve Fund-
...........£3,000,000
H.K. Currency Reserva $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
.£3,000,000 HEAD OFFICE: LONDON:
Proprietors
$90,000,000
Head Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Chairman.
SP
38, Bishopsgate E.0.2 Sub-Agencles In London: 117/132, Leadenhall Street, EC.a. West End Branch: 14/16, Cockapur Street, S.W.1.-
Manchester Branch:
52. Mosley Street; Manchester, 1.
AGENCIES AND BRÂNCHES:
ALOR STAR HABBIN PENANO AMRITSAR. HONG KONG LANGOON BANGKOK BATAVIA BOMBAY
ILOILO IPOA KABAURI.
BAIGON
SEREMBAN
SHANGHAI
Amer, Waterworks
101
New York Central
171
Hon. Mr. A. L. Shields,
GALOUTTA
KLANG
BINGAPORE
Change
Anaconda Copper
311
AGENOLES
Niagara Hudson Power
51
Sir Vandeleur M. Grayburn,
КОВЕ
SITIAWAN
of 3/16
Atchison, T. & 8. Fe.
231
N. American Aviation
241
:
off 3/16
Auburn Motors
11
North American Co.......
221
off 3/18
Aviation Corp.
71
Northern Pacific
83
Chief Manager. FATALIE PLACT KUALA
Branches:
CLITE STREIT
BOU BARAYA
off 3/16
Baltimore & Ohio
53
Owens-Illinois Glass Co.
629
Amoy
off 3/18
Barber Asphalt Co.
154
Pacific Gas & Elec
3+4
Bangkok Robe
Johore Rangoon
Saigon
Barnsdall Ou
117
Paciic Lighting
47}
Batavia
Kowloon San
347
Packard Motors
33
Bombay
Kuala
Rly. 5% 1913
13
S'hai-N King Rly. 5%
21
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
NEW YORK COTTON: Some selling for December by leading spot house met with persistent Trade off-take on the scale down."Boeing Airplane Co. Wall Strees is quiet,
Borg-Warner
Bethlehem Steel Bliss & Co.
812
Calcutta
Pan-American Airways an
23
Lampur Shanghai
Canton
London
17
Paramount Pictures
72
Chafoo
Lyons Sourabaya
"Singapore
261
Pennsylvania RR.
221
Colombo
Malacca
Sungei
231
Phelps-Dodge
39
Dairen"
Manila
Patani
13
Tientsin-Pukow Rly. 5%
NEW YORK RUBBER: Increasing factory interest in physicals Bridgeport Brass Corp. was noted.
121
Phillips Petroleum"
39.
Foochow
Muar
Swatow
Briggs Mig.
22
Pittsburg Coke & Iron
81*
"(German Sipd.)
13
Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl, Loan), 13
Ger, 7 Inti. Loan. 1924
Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan) Jap. 5 Ster. Loan, 1907 48 Jap. 6 Ster. Loan, 1924 531
73
13
CHICAGO WHEAT; The fallure of any important rains to materialize and reports of continued dry weather conditions ir, the South-West developed a larger demand. There was no pressure of selling except for realizing.
Brooklyn-M'hattan Trans. Brooklyn Manhattan $9.... Canadian Pacific R'way Case, JI, Celanese...
231
Public Service of N.J.
Rankow
Haiphong (Johore) Tientsin
Mukden Tokyo
101
Pullman Inc.
234
Harbin
New York Tsingtao
51
Baila
Pure 09
101
691*
Radio Corpn. of Am, ....
Ipoh
61
321
Reading Company.
Com
154
NEW YORK STOCKS: 149.98: Change, up .39.
Previous close, 149.59;" Today's close. Chesapeake & Ohio......
401
Reading Company, ist pfa 26"
Chrysler Corpn.
871
Remington Arms Co., Inc. 44...
Chartered Bank
9-3/16
H.K. & S'hal Bank (Lda.
Climax-Molybdenum Co. Colts Patent Fire-Arms Columbla Gas & Elec.
398
Republic Aviation Corp. ...
61.
80
"Republic Steel
223
61
Revere Cop. & Brass Inc.
139
Reg.)
93;
NEW YORK COMMODITY MARKET.
Columbla 6% "A" pf.
92*
Reynold Tobac. "B"
422
H.K. & Shai. Bank (Col.
Commercial Credit Co..
47
Richfeld On
ALSO up to date SAK DEPOSIT Roxes in various sizes To Lat Hong Kong, 28th February, 1940.
Ileg)
931
"(REUTER'S SERVICE)
Com, & Southern (Ord.}
14
Safeway Stores
518
Chinese Eng & Mining
(bearer)
„Consolidated" Edison
312
Schenley Distillers
137
Francisco DAMETEG
Peiping Yokobama
Penang
HANKOW
MEDAN NEW YORK' PRIFING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accounts opened and Fixed · Darosirs 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 ACCOURTE opened in interest allowed at rates obtainable LOCAL CURRENCY and FixED DEPOSITS on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur-undertakes/ Executor and Trustee encies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
CANTON DAWNPORE СЕВО
COLOMBO DELHI HAIPHONG
LUMPUR
TAIPING
KUCHING
MADRAS
MANILA
TIENTSIN
TONGEAR
(Bhuket)
TSINGTAO
TOKOHAMA
19
Chosen Corporation
678
Pekin Syndicate...
2
S'hat Elec. Constr. Co.
151
S'hai Waterworks "A"
15
Union Insurance
Gula Kalumpang Rubber
Allied Ironfounders
291 18/6 14
New York Cotton, May New York Rubber, May Chiago Wheat, May Chicago Corn, May New York Hides. June
NEW YORK COTTON
Prev. Today's High Low Close Close Change 10.73 10.69 10,73 10.69 .04 off 18.75 17.58 13.68 18.72 .06 off 1077 1081 1063 1071 4 up 594 583 583 591 3 up 14.31 14.06 14.03 14.22 .19 up
Consolidated Ou Continental Can
7품..
Sears Roebuck
261
481
Shell Union Oll
12
Continental Oll
231
Socony-Vaçunum Oli
11"
Copperweld Steel
214
Southern Pacific
13
Corn Products
601
Southern Rly $5 pfd.
231
Curtiss Wright (C.) Mi......
108
Sperry
451
Curtiss Wright "A"
283
Spicer Manufacturing Co. 351*
Close
Opening
Closing
Change
Deere & Co.
23
Standard Brands
71
"Asso. " 'Elec. Iridustries
38/104
Distillers Corpn. Seagrams
18
Stand Gas & Elec.
13
Austin Motors, ord.
15/7
May
10.73/73
10.70/10
10.69/70
.04 of
Douglas Aircraft
87
Standard Oil of California - 27°
Cable & Wireless, New
Form, ord.
July
10.48/48
10.45/46
10:42/43
.06 of
Du Pont de Nemours
188
Standard Of of NJ.
431
B.-A. Tob, (bearer)
60+ 106/10
July New contract)
10.62/62
10.60b/638 - 10.58 N
.04 off
Eagle Picher Lead
12
Stone & Webster
16
October
}
9.96/96
9.95/05
9.96/96
unch.
Eaton Mfg. Co.
351
Studebaker Com,
113
Hong Kong, 45th Feb., 1939.
Mexican Eagle
12)
December (
>
9.84/84
9.83/83
9.82 N
.02 off
Elec. Autolite
401
Swift International
301
Cammell Laird, ord,
7/3
January
"
)
9.81/81
9.78b/80a
9,77 N
.04 off
Elec, Bond & Share
Technicolor
15+
Mexican Eagle
8/71
March
1
9.71/72
9.71/70
9.69 N
.02 of
Elec. Bond & Share $5 pf.
62
Texas Corpn.
463
BANK OF EAST ASIA,
Courtaulds
38/71
Spot
10.92 N
10.88 'N
.04 off
Elec, Bond & Share $8 pf.
69
Texes Gulf Sulphur-
354
LIMITED
Distillers
68/3
Dunlop Rubber
36/9
Gen. Electric (England)
79/41
Total sales. Wednesday:-40,100 bales
First notice day, for cotton:-1/5/40 and last day 22/5/40.
Elec. Power & Light 37 pt.
321
| Timken-Axle
244
#
Fisk Rubber
154*
Trans-America Co.
81
Funtkote
201
20th Cent, Fox,
107
Guinness (A) Son & Co.
78/3
NEW YORK RUBBER
Gen. American Trans.
531
20th Cent.' Fox, $1) pf.
221
Hawker Siddeley Airc. 12/74 Bristol Aeroplane
Gen, Electric
.39
Union Carbide
Carbon, 82-
Authorised Capital.....$10,000,000.00 Paid-Up Capital Reserve and Undivided
Profits
5,598,000.00
3,883,932.01
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. 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
An
HEAD OFFICE: "
19, 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 Bank is entirely owned by THI CHABE NATIONAL BANK, NEW YORK, with Resources of avai [7.8.$2,000,000,000.
D. M. BIGGAB,
Second Fice Frus.
21
14/101
May
18.66/67 18.50/58
18.72/72
.00 up
Gen. Motors
543
Union Pacific
971
مسيحييد
Imperial Chemical Ind. 31/103
July
18.25/25 18.19/18
18.20/20
.05 off
Gen. Railway Signal
Imperial Tobacco
116/10
September
18.01/05
17.99/99
Marks & Spicer "A" ord.
52
December
17.86/87"
18.00/00 17.80b/85a
.01 off
Rolls Royce
89/9
January
17.84 N
- 17,78 N
,06 off
06
Gen. Tire & Rubber Glidden Co.
offGoodrich (BF.)
Leyland Motors
73/9
Total sales:-1,320 tons;
Goodrich $5. pf. ........
Tate Lyle ...
54
Goodyear Tire & Co. .......
Turner & Newall
64/6
CHICAGO WHEAT-
Great Northern Iron Ore ..
United Steel ........
22/9
May
Smethwick Drop Forg.
1061/1061 107/1067
15
Armstrong Stevens, ord.
B
July
1063/106
September
1061/106
106)/1061 1061/1061
107/107+ 108/108) 108/1061
קט 3
Great Northern Rly, pfd.
1 up
Great Western Sugar
Greyhound Corpn.
פט:
Pressed Steel, -com.
17/3
Hercules. Powder Co.
Vickers, ord..
17/3
Wednesday's sales:--27,839,000 bushels.
Homestake Mining
Woolworths"........
04
CHICAGO CORN
International Harvester
Anglo-Dutch
23
Int Nickel
Rub, Plant. Invest. Trust
30/6
May
584/58 59/59
Burma Corporation
9/9
July
601/601
Commonwealth Mining
September
611/011
591/591 804/802 817/613
Int. Tel. Tel
up Johns-Manville
up
J. & Laughlin Steel 57 brd.
Maraman Investments ...
14
Randfontein Estates
WINNIPEG WHEAT
Kennecott Copper
39/44
Western Holdings
17
May.
891/691
90/891
90 B
Sub-Nigeline
198/9
July
Tanami Gold Mining
64,
October
907/91- 921/924
9118 .83 B
# "up #up
up
Anglo-Iranian
54/45
1939/40**
Burman
70/71
NEW YORK HIDES
High Low Dow Jones Averages.
155.92 121.41 30 Industrials
Shell Trans, & Trad.
June.....
(bearer)
76/3
September
Nominal
-ex-dividend, ..
14.03/08 14.06/06 14.32/36 New York Oficial ... 34-3/4 NY-London Cross Rate 3.49-1/2
14.22/22 14.49/45 14.46/48
34-3/4 3.56-1/4
.19
ཋ
up
35.00 24:14 20 Raila
.14
£7.70 20.70 20 Utilities
up
22.22 84.51 40 Bonds
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
Public Deposits Other Deposita:-
Bankers
Other Accounts Total
Government Securities
Other Securities:-
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
London. April 11 (Reuter),
April 4
£
April 11
E
22,390
22,880
120.770
123,920
41,420
102,100
47.590 ..166,510
TO-
137.600
137.220
Discount & Advances Securities
32,1000
5,540
23.120
22,480
Total
55,280
28,020
38,810
41,800
1,260
542,440
Ratio of Reserve to Liabilities
21.02%
Price of Gold at which holdings are valued. 168/
1.220 639,420, 22.07%
168/-
Notes and Coins
Total Bullion
Notes in circulation
FEDERAL RESERVE SYSTÉM
New York, April 11 (Reuter).
April 4
April 11 (000's omitted)
Bills Bought
US. Becurities held
2,407,000
Federal Reserve Ratio
81.94%%
Federal Reserve Credit Outstanding.
2,612,000
Monetary Gold Stock
18,470,000
2,167,000 £8,06% 2,500,000 £8,523,000
Industrial Advance
10,138,000
9,675,000
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-
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZIL GENERAL MANAGERS
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directori:"
Bir Bhouson Chow, Chairma Li Keon Chan, Euqi" Li Lan Sang, Esq. P. K. Kwok, E Wong Can Jon, Ex. Wong Tan Tour, Esq. Kan Ting Po, Rag. Chan Ching Shok, Eaq, Fung Ping Wah Esq.
Kan Tong Po, Esq., Chief Manager.
Tse Fong, Esq., Manager.
Branches and Agencies :—
"Kowloos
Loudan.
Bombay. Mazila
Yong Singapore Bourabaya Hasroon Belgos Bwshow
Melbourne "Bat. Pran- Sydowy
sinoo Tictain
Vancouver
Peiping
Shanghai
THE
BANK OF CHINA
Specially Chartered by NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPİTAL $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 our Clients special facilities for Doraestic and Foreign Banking and Exchange.
P
Head Office:-BHANGHAI Hong Kong Branch;
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur- SWATOW rencies on terms which will be SEIUCHOW
quoted on application.
BAYE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
THE KWANGTUNG PROVINCIAL
BANK
(Incorporsted in Okinai
B
General Banking Facilities and Financial Agants to- The Provinsial Government of Kwangtang -Bend Ofen-Shiukwan, Kwangtung Proviice
Hengkong
3 Chator Ad,
Cable AddresOCIAL" 2030, D145. Telephones:
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA Correspondcats la New York and London Pald Up Capital ..... N$10,000,000. Beserve Capital
N$10,500,000.
AUYANG M«NLY,
Hongkong Maniger,
A Job?
Consult
WANT ADS
* QUEEN'S ROAD, C. South China Offices: CANTON -
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home jand Abroad.
SHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offfco-15, Gracechurch Street, London, ECa Authorised Capital
23,000,000 Subcribed Capital
1,200,000 Paid-up Ongital Reserve Fund and Best,
BANKERS:
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Jadua
Kuantan
Bangkok (pok Bembay Qufcarts Odlamba Deli
Gullo
Bowh
Kandy Karschl
Kota, Bharu
· Krala Lipis Kuala Lumper
• Kuala Trengga Madene New York
Penang
Hangout
Shanghai Stal
dingspore
HONG KONG BRANCH
By desorption of Banking and Exebangs business tranNOLEKË."-
Travellers, Chequer. Linued, TRUSTEE AND EXECUTORSHIP
"E UNDERTAKEN
·OURRENT LOCCOUNTS opened in Local Car, ready and gIZED DEPOSITS received in Local GLITESOY, OFEELING & U.5, DOLLARS on tarma that may be scertained on applestion, “
D. BENSON.
* Manager
16+
United Aircraft
487
19
United Airlines Trans
213
17
United Corpo.
21
191
United Corpn. 33 cum pĹ
40
671*
United Gas Corpo.
11
23+
United Gas Improvement 124
151
U.S., Industrual Alcohol ...
25
26
U.B. Rubber
36
277
US, Rubber $8 píð.
117
16-
U.B. Steel
623
971
Vanadium
361
574
Vultes Aircraft
101
55+
Walworth Co.
AMOS
321
Betaria
Warner Bros. Pict.
34
4
Linlautta
Westinghouse
ec.
1131
Haiphong
Magszaka
72
Woodward Iron Cor.
27
67.
Chase National Bank
377.
National City Bank
347* 291*
Hankow
Koba
New York
Bhabhie
Bemarang
*-bid.
tex, div.
DOW JONES AVERAGE...
25.09
Apr. 12, 1940." Apr. 10, High Low Close 149.59 *. 160.98 149.49 149.98 31 20 31.42 31.26 31.28 25.42 25.13 25.25
Change
39 ap .08 up
89.15
85.67 45.59 11 Commodity Index 60.07
89,26 ea.93
.18 up .10 пр .16 up
Business Done -890,000 shares