OCT. DEC.
35-5/8 35-3/8 35-3/8 35-5/8 35-3/8 35-378 34-1/8 33-7/8 33-7/8
***........... 10 5/8
The market was dull.
LONDON RUBBER
S POT
MAY
.
JULY-SEPT. 4----
42 3/4
OCT.-DEC.
buyers
11 11-1/16 11-1/16 11'
Previous close Today's close
buyers
PAGE 10 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 13, 1940.
On London
Telegraphic
Transfer. 1/2 13/16 Bank Bills, an,demand 1/2 13/16 Credits 4 months' sight 1 3 1/8
On Shanghai:—
On demand
On Singapore:---
350
On demand
52 1/9
On Japani-
On demand
On India:
Telegraphic Transfer. į and deminder: 1/4
On New York:-
4
$82
Bank Bills, on demand 21 3/8
Credits, 60 days' sight 22 1/4
On Batavia:-
On demand
On Parts:
!!
Bank Bills, on demand 1085" Credits 4 months' sight 1140
On Salgon:-
On demand
On Manila:-
On demand
I
jea iza
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York. April 13. 1940.
SINGAPORE RUBBER
SPOT JULY-SEPT.
Previous April 13
Closing Opening Closing Change
Buyers Buyers
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
STOCKS
Adams Express Alleghany Steel Co. Allied Stores
Allis Chalmers
Last Sale
Apr. 13
73
231
19.
351
APRIL 14, 1940: STOCKS
Laxey Foundry & Mac. Libbey-Owens-Ford
Last Sale
Authorised Capital 850,000,000
Apr. 13
4*
Heserve Funds:
Glasa
501
Sterling...
Lockheed Aircraft
40 ·
Loew's Inc. ..............
347
Reserve Liability of
Aluminium Ltd,
103
Loft Incorperated
37"
Proprietors
$20,000,000
Amer. Can
118
Mack Truck Inc.
261
Head Office:--HONG KONG
American Cyanamid B.
391
Martin, Glen L
46મ
4
Amer, & Foreign Power
12*
McKesson
Robbins, píd.
28
Amer & Foreign $7 pi...."
26}
Monsanto Chemical
1147
American Gas & Elec.....
381
Montgomery Ward
521
Amer, Locomotive
19
National Aviation
154
Amer. Radiator 'Amer, Metals Do.
23
Nat, Dairy Products
177
Board of Directors; H. V. Wilkinson, Esq.,
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
81
Nat Distlers.......
251
J. K. Bousfield, Esq.,
Amer, Rolling Mill
154
National Gypsum
10#
A. H. Compton, Esq.,
off 1/4
Amer. Sting and Ring Cc.
534
National Lead
214
Hon. Mr. S. H. Dodwell,
off 1/4
Amer. Sugar Refining......
201**
Nat, Power & Light
81
(Miskin, Esq.,
of 1/4
Amer. Tel & Tel
1734
National Steel Corp.
667
K. S. Morrison, Esq.,
1
Amer. Tobacco "B"
911
National Supply Corp....
8
T. E... Pearce, Esq.,
·HONGKONG &
MONDAY, APRIL 15, 1940.
BANKS
SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION.
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 180$
Paid-Up Capital £6,500,000 Reserve Fund
------₤3,000,000 .........................£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
.. £3,000,000 HEAD OFFICE: LONDON:
38, Biabopagate E.C.S.
Sub-Agencies In London: 117/122, Leadenhall Street, E.Qa West End Branchi 14/16, Cookspur Street, S.W.1. Manchester · Branchi 59. Mosley Street, Manchester,
AGENCIES AND BRANCHES:
HARBIN.. PENANG HONG TÙNG TANGOON ILOILO
ALOR STAR AMBITSAR
ΒΑΝΟΣΟΣ
BATAVIA
ТРОЯ
BAIGOM"
BERIMBAN
Amer. Waterworks
101
New York Central
16
O. C. Roberts, Esq.,
BOMBAY
Anaconda Copper
301
Niagara Hudson Power
5+
Hon. Mr. A. L. Shields,"
CALUUTTA
KARACHI KLANO
SHANGHAL
SINGAPORD
Change
Atchison, T. & S. Fe.
221
N. American Aviation
25
Sir Vandeleur M. Grayburn,
AVINCIES: KOBE CLITE STREIT
SITIAWAN
Auburn Motors
11
North American Co.
221
Chief Manager. FILIP
KUALA
SOURABAYA
CANTON
LUMPUR
TAIPING
Aviation Corp.
8
Northern Pacific
Br
Branches:
Market closed
Baltimore & Ohio
5+
Owens-Hinois Glass Co. ...
63
Barber Asphalt Co.
143*
Pacific Gas & Elec
241*
Amoy
Johore
On Bangkok:-
JUNE
10-15/16.
Barnsdall Ou
111*
Pacific Lighting
47
Bangkok
Kobe
Rangoon Saigon
On demand
150
On Sterling Notes:
Bank Buying Rate
1/4
Bar Silver per oz.
50 7/8
Market Report
-43
SUM
10.45/46
July New contract)
10.62/62
October [ December { January
10.06/07
}
9.93/93
9.90/90
}
9.80/80
Spot
10.29 N
FROM ROZA BROS.
Silver prices rose yesterday to the extent of 5/18 for Ready "and 1/4 for Forward, the quotations being 20.7/8 and 20.3/4 respec- tively." Silver advices reported Speculators as having bought. A smali business
done. The market. was steady. American Silver was quoted at 34.3/4 for Spot
The London New York cross- rate was quoted at 402.1/2 New "York/London was quoted at 349.
Market
Steady...
There
were
Steritag
sellers at 1/2.78 April/August and 1/2.27/32 Sep tember/Jaanary. 'buyers at 1/2. 29/32 Cash and probably 1/2.7/8 September.
U. S. Dollars
A small business was done carly in the morning at 21. 5/8 for Cash. Towards the close the market 2p- peared steadier with sellers at 21. 11/16 April, 21, 5/8 May and 21. 9/16 June, buyers at 21, 3/4 Casli. 21. 11/16 May 21,5/8 June.
Shanghai Dollars
Sellers at 350.
NEW YORK COTTON: Despite some selling in the South and iiquidation worked up by price- Axing, some consider the weather unfavourable in the Eastern belt...
NEW YORK RUBBER: There has been
no selling pressure. Eastern offerings are light and at firm prices,
CHICAGO WHEAT: Higher on weekly foreacast of only light and scattered showers. Cash and commission-house interests were good buyers but local selling and hedging checked the advance.
NEW YORK STOCKS: Previous close, 149.20; Today's close. 149.66; Change, up .46.
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 "Close
May ............. 10.70/70 July
March
Frev. "Today's
High Low Close Close Change 10.70 10.85 10.70 10.70 unch 18.85 18.63 18.60 18.65b .05 up
108 107 1071 1071
591
59+ 593
up 14.11 14.06 14.13 14.08.07 off
Celanese
Chesapeake & Ohio Chrysler Corpn. Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Gas & Elec........ Columbia 6% "A" pf....... Baldwin Lecometive... Budd M'facturing Corp... Commercial Credit Co. Com.. & Southern (Ord.) Consolidated' Edison Consolidated Oll Continental Can
Bendix Aviation
354
Packard Motors
Batavia
31
Bombay Kual
Bethlehem Steel
80%
Pan-American Airways
23
Calcutta
Francisco HAMBURG
Bliss & Co.
17
Paramount Pictures
72
Canton
London
Singapore
Boeing Airplane Co. Borg-Warner
271
Pennsylvania R.R.
Chefoo
Lyone
23+
Phelps-Dodge
384
Colombo
Malacca
Bridgeport Brass Corp.... Briggs Mig
113
Phillips Petroleum
381
Dairen
Manila- Patani
Sungei
237
Pittsburg Coke & Iron
81*
Foochow
Muar
Swatow
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $6.... Canadian Paciic R'way ... Case, JI
231
Pubile Service of NJ,
423
Bankow
100*
Pullman Inc.
Tokyo
26
יי
Harbin
51
Pure Oil
101
Haila
68*
Radio Corpn. of Am.
61
Ipoh
32)
391
$3
391.
174
781*
Reading Company, Com "15 Reading Company, 1st pid · 26*. | Remington Arms Co., Inc. 41*
Republic Aviation Corp. "... Republic Steel
217
7
Revere Cop. & Brass Inc...
14.
014
Reynold Tobac, “B”
43
153
Richfeld Oil
51*
Safeway Stores
61
461
Schenley Distillers
131
14
Bears Roebuck
881
311
Shell Union Oll
121
up
74
Socony-Vacunum Of
111
403
Southern Pacific
1 12
Continental Oil Copperweld Steel
*23
Southern Rly $5 pfd.
23
211
Sperry
441
Opening
Closing
Change Corn Products
60*
Spicer Manufacturing Co. 351
J!
10.68'68
10.70/70
unch.
Curtiss Wright (C) Curtiss Wright “A”
104
Standard Brands.
71
281
Stand Gas & Elec..........
17"
10.44/44
10.43/43
.02 of
Deere & Co.
223
Standard Oll of California
231
10.59b/60a
10.59/50
03. off Distillers Corpn. Seagrams
182
Standard Oli of NJ.
42
10.02/02
10.04/04
03 off
Douglas Aircraft
891
Stone & Webster
94
9.90/90
9.91 .N
:02, off
Du Pont de Nemours ......
183
Studebaker Com
11
9.87/87 9.78/70
9.87 N
.03 off
Eagle Picher Lead.....
117
Swift International
201
9.77/77
.03 off
Eaton Mig. Co.
351
Technicolor
151
10.89 N
unch.
Elec. Autolite
401
Texas Corpn.
47
Shanghal Market Swirling sellers at 4.1/8. US. Dollars opened with sellers at 5.15/16 but towards the close sel- "lers were reported at 6 for Spat.
Steadler.
May July
September
December.
January
Total sales Friday:-58,900 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40.
NEW YORK RUBBER
Elec. Bond & Share
67
Texes Gulf Sulphur
344*
Elec. Bond & Share $5 pf.
601*
Timken-Axle
2+1
BANK OF EAST ASIA, -LIMITED.
18.05/05
17.80/80
18.60/62 13.38b/65a
18.005/05 17.80/80.
18.65b
.05 up..
Mec Bond & Share $8 pt. Elec. Power & Light Fisk Rubber Flintkote
681
Trans-America Co.
51
pf.
33
20th Cent. Fox.
101
Authorised Capital.....$10,000,000.00
15
20th Cent. Fox, $1ł pl.
223*
Paid-Up Capital
5,598,000,00
20
Union Carbide & Carbon
817
18.07 N
02 up Gen. American Trans.
532
Union Pacific
971
Reserve and Undivided
Profita
Kowloon San
Lumpur Shanghai
Sourabaya
Haiphong (Johore) Tiantain
Mukden New York Tsingtao
Peiping Yokohama Penang
HANKOW
MEDAN
NEW YORK
PHIPING
(Peking)
WILLIA
TSINGTAC YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSIts received for Ons 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 interest allowed at rates obtainable on application,
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter The Bank's Easd Office in London periods in Local and other Our-undertakes Executor and Trustes rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
Atso up to date, Sar■ DEPOSIT terms which may be ascertained at Roxa in various sizes To Lar any of the Agencies and Branches. Hong Kong. 28th February, · 1940.
R. A. CAMIDGE,
Manager,
HONGKONG, SAVINGS
BANK
-The Business of the above Bank is conducted by the HONGKONG & SHANGHAI, BANKING COR- PORATION. Rüles may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION."
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 25th Feb., 1839.
THE CHASE BANK
18, 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 Baak is entirely owned by THE CHABE NATIONAL BANK, NIW YORK, with Escurces of eras U.B.$2,800,000,000.
D. M. BIGGAR,
Second Vica Pres.
CAWNPORN CMB V COLOMBO DELFI HAIPHONG
KUCHING
KADRAS
TIENTSIN TONGKAH"
MANILA
(Bhukot)
2,883,832.01
17.85/86
05 up
Gen. Electric
'17.80. N 17.58 N
1788/66
17.58b/80x
.06 up unch.
Gen. Motorg
Gen. Railway Signal
Shanghai Exchange
Shanghai Apr. 13 (Reuter).
Official T.T. Rates.
Gen. Tire & Rubber
Total sales:-590 tons.
CHICAGO WHEAT
Glidden Co...
Goodrich (RF.).
Goodrich $5 pf.
Opening
May
1073/107)
1071/1071-1071/108
i up
Goodyear Tire & Co.
London.
"0/4
July
New York
5-3/4
September
Japan
24-1/2
1061/106 108/1061 107/1064 1064/1081 * 1061/1068 · 1064/1061
1 up
up Great Northern Iron Ore ..
Great Northern Rly, pid. Great Western Sugar".....i
India
22-1/8
Friday's sales:-20,093,000 bushels
Greyhound Corpn.
Paris Hongkong
2.94
Hercules Powder Co
20-3/4
CHICAGO CORN-
Homestake Mining
Mellers
Muy
591/581 591/591 591/59)
up International Harvester
Bpot
Apc.
Opening Closing 0/4-1/8 0/4-1/8 0/4-1/16
July"
601/601
604/60
up at Nickel
September
8197611
81/62
up Int. Tel & Tel
May
0/4-5/64
0/3-81/64 .0/3-31/32
Johns-Manville
WINNIPEG WHEAT
U.S. Dollars
Spot
$5-31/32 $6-1/32
May
Apr.
5-29/32
May
5-23/33.
5-31/32 5-25/32
July.
October
90/90 912/914 927/93
901/90
90+/901 911/911 93. A
*., up
J. & Laughlin Steel $7 pfd, 68* Kennecott Copper
tup
† up
1039/40
Market: Quiet.
Merchant Bates
Sterling, 0/4-3/32.
NEW YORK HIDES
June
14.14/13
14.11/10
September
14.41/41
December
14.84 N
14.38/36 14.84/63
14.06b/102 14.35/35 14.60 b."
07 of .08. off
35.80 24.14 20 'Ralis
27.70 - 20.70 20 Utilities
.04. off
72 22 64.51 40 Bonds
Sliver Duty Rate:
34-3/4
unquoted 3.52-7/8
20
V.8, Dollars, $5-15/16.
The Central Bank of China's New York Oficial
rate on London at 10 am, today
was 1/2-1/2.
The Equalisation rate was 9-3/4 per cent.
India Rupee Paper
:
Bombay, Apr. 13 (Reuter).
Govt. 34 Rupee, 93-12-0.
New York Exchange
New York, Apr. 13 (Reuter).
T.T. on London (Opening Rate), 3.51-3/4.
Calcutta Exchange
Calcutta, Apr. 13 (Reuter). TT. on Japan, 88-3/4.
SILVER MARKET
BOMBAY, SILVER
Bombay, Apr. 13 (Reuter),
Market-Qulet.
NY-London Cross Rate 3.49
LONDON METALS
EXCHANGE.
London, Apr. 12 (Reuter).
TIN
buyers sellers
£
$ Standard; Cash 250-1/4 250-1/2 Standard,
3 months 247-3/4 248 Standard,
Set'ment Price 250-1/2- Straits
270-1/2 to 275-1/2,
SPEEDING UP RAILWAYS ANKARA, April 14 (Keuter) The Turkish Government has de- cided to speed up two' ` railway
lines, to Iraq and Iran, which
MONEY MARKET
IS FIRM
LONDON, Äpr. 14 (Reuter)-In
the money market the recent
Apr. 14, 1940 High Low Dow Jones Averages, Apr. 12, High Low Close Change 155.9% 121.41 30 Industrials
149.00 149 09 149.89
,46 up 31.13 31.03 31.08 .01 off 25 29 25.20 25.24 .04 up
89.93.
.05 up €0.28 .11 up Business Done :-500,000 shares
Board of Directors: "Bir Shopson Chow, Chairman
Li Koon Chan, Esge Li Lan Sarg, Eag P. K. Kwok, Daq. Wong Cha Son, Esq. Wong Tan Tong, Esq. Kan Ying Po, Bay, Chan Ching Bhok, Esq. Fung Pine Wah Leg
Kan Tong Po, Esq., Chiet Manager.
Li Tao Fong, Esq., Manager.
Calcutta Halphong
Branches and Agencias 10-
Manila
Singapore
Koricom Penant Loudon Kangoon Bourabaya
Saigon BERIow Melbourne 8an Fran, Sydugy olaco Tiental New York Beattle -Vancouver Paria
Bemarang
Pelping
Shanghal...
".
Evary description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re ceived for one year of shorter periods in Local and Foreign Cur rencies on terms which will be. quoted on application.
Sarn Deposit BOXES TO LET.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Scandinavian events failed to Oparating Services for Cargo and Passengers
affect credit conditions and sup- TO
ample for re-
plies have been quirements.
The large financial operation entailed by Monday's War Loan payment is not expected to cause i the market any undue dimeulty,
The £50,000,000 Treasury Bills offered are fully allotted at the average ration of £1.0.8.16d which is practically the same last week.
Wall Street closed steady.
"
We have been informed by Mr.
Offtake 50 bars have been under construction A. R. Potts that he has received
„Indian Mint Silver
Ready
May 1 Settlement
June 3 Settlement
since 1937...
58-03 58-04 58-08
news from Manila to the effect
For this purpose the Turkish that. "Mines Operations Inc de- Ministry of Public Works has been clared an initial dividend of half- allotted the sum of £10,000,090. a-centavos payable on May 7, 1940
"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 at Shanghai, where passengers and cargo are landed.
For further particulars
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE • SOJILO GENERAL MANAGERS
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER ÜHINA) 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 sad Exchange
Head Office:-SHANGHAI " Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonda and "other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK
(Coorported in (Thina) - General Banking Facilities and Flunacial Agenta te The Provincial Government of Kwangiang
Head Oos-skiukwan, Kwangtong Province Hongkong Branch -Quau's Bldg., 4 Chaser Rd. Cabis Addresses-“PROVINCIA Ľ. *- 28399, 9642. Telephones:
20112, 20113, 20143, 20181, 81681. BRANCHES THEOUGHOUT SOUTH CHINA Carrspondents in New York and London Paid Up Capital ... N$10,000,000. N$10,500,000.
Reserve Capital
AUYANG MNLY,⠀
Hanging Hangar.
A Job
WANT ADS
381
United Aircraft
50%
542
United Airlines Trans
221
18
United Corpn.
24
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
194*
172
United Corpn. $3 cum pf. United Gas Corpn.
381.
L 11.
18+
66
221
151
United Gas Improvement 12} Union Bag & Paper Corp. 167 Philadelphia Read, Coal : 0}* U.S., Industrual Alcohol. ... 25.8. Rubber
24
351
27
US. Rubber șă pid..
113
16
US. Steel
812
J
964
Vanadium
38
KOWY
571
Vultée Aircraft-
10
541
Walworth Co.
51
Salaria
Bombay
324
Warner Bros. Pict.
3+
37
Westinghouse Elec, ..............
113.
717"
Woodward Iron Cor.
27°
Hankow Monolate Kobe
Chase National Bank
344*
+371
National City Bank
28* 4
-bid.
1. ex div.
DOW JONES AVERAGE
149.20
31 07 25.20
69.18
85,87 45.59 11 Commodity Index 00.17