va
Buyers Buyers
35-5/8 35-3/8 35-3/8 35-5/8 35-3/8 35-3/8 34-1/8 33-7/8 33-7/8
buyers
11 11-1/18 11-1/16 11
יי,
were
Cash
New York Cotton. May New York Rubber, May Chicago 'Wheat, "May Chicago Cern, May New York Hides, June
NEW YORK COTTON
May July
4
July New contract) ... 10.82/62 October December January March Spot
}
}
}
done. sellers
May July September
December
January.
FROM ROZA BROS.
were
Silver prices over, the week-end,
tions remaining At
and 20.3/4
Has
Ready
Arnerican Silver
34.3/4 for Spot,
unchanged the quota- 20.7/8 for Forward. quoted at
The London/New York cross rate was quoted at 4021/2 New York/London was quoted at 352.
18.
Qulet.
Sterling
Sterling Nothing doing. There sellers at 1/27/9 April/August and 1/2.27/32 September/Dec- ember, buyers at 1/2.29/32 and probably 1/17/8 October
V. S. Dollars Easier. Opened with sellers at 21.13/18 for near, buyers bidding 21.15/16 resulting in business at 21.7/8 for Cash, 21.13/16 April
later 21.11/16 And
May The
with market closed at 1 p.m: small sellers at 21.3/4 Cash, 21.11/ 16 April. probably May,
21.5/8
June and 21.9/16 July, buyers at 21.13/18 Cash. 21:3/4 May. 21.11/
16 June and 21.5/8 July,
Shanghai Boliars Sellers at. 360.1/2. Business done at 360.3/4 for Spot.
Shanghai Market-
1.1/8 business
Sterling
US Dollars opened wh
.8 6.1/16 and later eased off, to
NEW YORK COTTON: Despite some selling in the South and qaftation worked up by price- fxing, some consider the weather unfavourable in the Eastern belt."
been NEW YORK RUBBER: There has
no selling, pressure. Eastern offerings are light and at firm prices.
CHICAGO WHEAT: Higher on weekly forecast of only light and scattered showers. Cash and commission-house Interests were good buyere but local selling and hedging checked the advance.
Previous close, 149.20; 'Today's close,
NEW YORK STOCKS: 149.66; Change, up .48.
NEW YORK COMMODITY MARKET
Total sales Friday:-58,900 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40.
NEW YORK RUBBER
Bendix Aviation
10-15/16
41
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
APRIL 15, 1940
On London:-
Telegraphie Transfer. 1/9/13/16 Bank Bills, an demand 1/9 13/16 Credits 4 months sight 1,3 1/8 On Shanghal;—~
On demand
On Singapore:-
......... 350
On demand"-
On Japan:-
On demand
52 1/2
92
On India:-
Telegraphic Transfer.
and demand)82 1/4
On New York:-
Bank Bills, on demand 21 1/2 Credits, 60 days' sight 22 3/8
On Batavia:--
On demand
Bank Bills, on demand 1086 Credits 4 months, right 1140
On demand......... 198 1/4
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.) ·
New York. April 13, 1940.
SINGAPORE RUBBER'
SPOT JULY-SEPT. OCT.-DEC.
* 39 7/8
On Paris:-
The market was dull.
LONDON RUBBER
On Salgon:
SPOT
MAY
On Manila:
JULY-SEPT.
On demand
43
OCT-DEC
On Bangkok:---
JUNE
On "demand'....
150
On Sterling Notes:-
Bank Buying Rate
*** 1/4
Bar Silver per oz.
90 7/8
Marker Report
Previous · April 13.
Closing Opening Closing Change
Previous close Today's close
buyers
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S (9RVICH)
STOCKS
Adams Express
American Gas & Mec.
APRIL 14, 1940, STOCKS
Lacey, Foundry & Mac.
Last Sale
Last Sale
Apr. 13
73.
Apr. 13
4*
Alleghany Steel Co. Allied Stores
23
Libbey-Owens-Ford
Olage
504
&1
Lockheed Aircraft
Sterling integ
40
Allis Chalmers
357
Loew's Lac.
34*
Reserve Liability of
Aluminium Ltd.
103
Loft Incorperated
371
Proprietors
.$20,000,000
Amer. Can
118
Mack Truck Inc.
264
American Cyanamid B. Amer., & Foreign Power Amer & Fareign $7 pl. ...
391
Martin, Glen L
484
Head Office:HONG KONG
Y
1}"
McKesson & Robbins, pfd.
281*
26
Monsanto Chemical
1141
Board of Directora: H. V. Wilkinson, Esq.,
381
| Montgomery Ward
521
Amer, Locomotive
19
National Aviation
15
Chairman. Hon. Mr. J. J. Paterson,
Amer. Metals Co,
23
Nat Dairy Products
171
Amer. Radiator
82
Na Distillers
252
Amer. Rolling Mil
152
National Gypsum
10
off 1/4
Amer. S'ting and Ring Co. 531
National Lead
213
of 1/4
Amer, Sugar Refining
201
Nat, Power & Light
81
of 1/4
Amer. Tel, & Tel.
1734
National Steel Corp.
667
Amer. Tobacco "B"
914
National Supply Corp.
83*
Amer. Waterworks
101
New York Central
162
..." C. O. Robarts, Esq.,
Anaconda Copper
307
Niagara Hudson Power
5+
Hon. Mr. A. L. Shields,
Change
Atchison, T. & 8. Fe
227
N. American Aviation
25
Sir Vardeleur M. Grayburn,
Auburn Motors
11
North American Co.
221
Aviation Corp.
.8
Northern Pacific
B1
Market closed
Baltimore & Ohio
51
Owens-linols Glass Co.
BE
Branches:
Barber Asphalt Co.
147*
Pacific Gas & Elec
3++*
Barnsdall. Ou
111*
Pacific Lighting
47
351"
Packard Motors
34
Bethlehem Steel
80%
Pan-American Airways
231
Bombay Kuala
TUESDAY, APRIL 16, 1940.
BANKS
LL
HONGKONG & SHANGHAI THE CHARTERED BANK» OF
BANKING CORPORATION
Authorised Capital....... $30,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 20,000,000 Incorporated by Boyal Charter, 1889
Heserve Funds:
Paid-Up Capital ...... .£3,000,000 £8,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors...
Deputy Chairman.
J. K. Bousfield, Esq., A. H. Compton, Esq. Hon. Mr. S. H. Dodwell, G. Miskin, Esq.,
K. 8. Morrison, Esq..
T. E. Pearce, Esq.,
£3,000,000
£3,000,00€TM HEAD OFFICE: LONDON:
38, Bishopsgate E.C.2.
Sub-Agencies In London: 117/189, Leadenhall Street, ECL West End Branch:
14/18, Cookspur Street, B.W.1. Manchester Branch:
52. Mosley Street, Manchester, 1" AGENCIES AND BRANCHES:
KARBIN
PENANG
HỒNG TỪNG TANGOON
SAIGON
BEREKBAN
ALOR STAB AMRITSAR BANGKOK BATAVIA BOMBAY
ILOILO
1P0x КАВЛОН
SHANGHAI
CALOUTTA KLANG
SINGAPOR
AGENCIES: БОБЛ CLIVE STRIN
SITIAWAN
SOURABAYA
CANTON CAWKPORN
LUMPUR
TAIPING
KUCHING
TIENTSIN
MADBAA
CEBU
TONGKAH
COLOMBO
MANILA
(Bhuket)
DELHI
MEDAN
TSINGTAO
HAIPHONG
NEW YORK
YOKOHAMA
Francisco RAMBURG
Bliss & Co.
17
Paramount Pictures
73
Calcutta
Cantou
London
Boeing Airplane Co.
271
Pennsylvania R.R.
221
Chafoo
Lyous
Borg-Warner
23+
Phelps-Dodge
384
Colombo
Malacca Sungei
Bridgeport Brass. Corp.
114
Philips Petroleum
381
Dairen
Manila
Briggs Mfg.
231
Pittsburg Coke & Iron
81-
Foochow
Musr
| Brooklyn-M'hattan Trans.
237
Public Service of N.J.
422
Brooklyn-Manhattan $6....
100*
Pullman Inc.
26
Rankow
Canadian Pacific R'way Case, JL.
54
Pure Off
104
Harbin
*68*
Radio Corph, of Am.
toile
મ
Celanese
321
Reading Company,"
Com
15
Ipoh
Chesapeake & Ohio Chrysler Corpn......
391
Reading Company, 1st pid
36*
88
Remington Arms Co., Inc.
4**
(REUTER'S SERVICE)
Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Gas & Kiée....... Columbia 6% "A" pi. Baldwin Lecometive
394
Republic Aviation Corp.....
783*
Republic Steel
212
7
Revere Cop. & Brass Inc.
141
914
Reynold Tobac. "B"
43
154
Richfeld On.
71
Prev. Today's High Low Close Close Change
10.70 10.65 10.70 10.70
unch. 18.85 18.63 18.60 18.65b .05 up 108 107 1071 1071 # up
597 59
593 591
up 14.11 14.06 14.13 14.06.07. off
Budd M'facturing Corp. Commercial Credit Co. Corn, & Southern (Ord.) Consolidated Edison Consolidated Oll Continental Can Continental 01
51*
Safeway Stores
51
464
Schenley Distillers
137
14
Sears Roebuck » ...
863
י .
314
Shell Union Ol
12
71
Socony-Vacunum. Oli
111
484
Southern Pacific
127
BANK
23
Southern Rly $5 pfd,
24
Copperweld Steel
21#
Sperry
447
Corn Products ......
-60*
Spizer Manufacturing Co.
354
Close
10.70/70 10.45/48
Opening"
10.68/68 10.44/44"
Closing
Change
D
Curtiss Wright (C.)
104
Standard Brands
77
10.70/70
unch
Curtiss Wright "A"
227
Stand Gas & Elec.
14*
10.43/43
.02 off
Deere & Co.
223
Standard Oll of California
231
10.59b/60a
10.59/59
.03 off
Distillers Corpn. Sedgrams
188
Standard Ou of N.J.
421
10.06/07 "
10.02/02
10.04/04
.03 off
Douglas Aircraft
891
Stone & Webster
91
9.93/93
9,90/90
9.91" N
.02 off
Du Pont de Nemours
188
Studebaker Com.
113
8.90/90
9.87/87
9.87 N
.03 off
Eagle Picher Lead
117
Swift International
291
Hong Kong, 25th Feb., 1938.
9.80/80
9.78/70
9.77/77
.03 of
Eaton Mfg. Co.
*351
Technicolor
151
10.89 N
10.80 N
unch.
Elec. Autolite
404
Texas Corpn.
47
Elec, Bond & Share
8
Texes Gulf Sulphur
344*
Elec, Bond & Share $5 pl.
601*
Timken-Axle .....
241
„BANK OF EAST ASIA, LIMITED
Elec Bord & Share $6 pf.
684
Frans-America · Co.
57
Elec, Power & Light ST pi.
33
20th Cent. Fox.
101
Fisk Rubber
15*
20th Cent. Fox, $11 på.
Filatkote
30
Union Carbide & Carbon
Authorised Capital......$10,000,000.00;
Paid-Up Capital
Reserve and Undivided
5,598,800,00
Chief Manager, Fazlı Place KUALA
Amoy Johore Rangoon Bangkok Kobe
Saigoo
Batavia Kowloon San
Lumpur Shanghai HANKOW
Singapore
Sourahaya
Patani Swatow Haiphong (Johore) Tientsin
Mukden Tokyo New York Tsingtao. Peiping Yokohama Penang
PEIPING
(Peking)
FOREIGN EXCHANGE and. General Banking Business transacted.
CURRENT Accours opened" and FIXED Deposits received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAYLEGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in LOCAL CORRINCY and FIXED DEPOSIT received for one year or shorter The Bank's Head Office in London perioda in Local and other Cur-jundertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
ALBO up to date SAPE DEPOSIT terms which may be ascertained at Boxes in various sizes To LET any of the Agencies and Branches. Hong Kong. 28th February, 1940,
HONGKONG SAVINGS
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.
R. A. CAMIDGE,
Manager.
THE CHASÉ BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
16, PINE STREET,"
NEW YORK.
An American Bank offering com- pleto Foreign Banking Service in the principal Markets of the world. Interest Rates on Application..
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASK NATIONAL BANK, New Youx, with Besources of OTHE U.S.$2,800,000,000,
D. M. BIGGAR,
Second Vice Pres
18.60/02
18.38b/65a
18.35b
Gen. American Trans
534
Union Pacific
971
18.05/05
17.80/80
• 18.00b/05a 17,30/80
א 17.60
17.58 N
18.07 N 17.85/85 17.85/66- 17.58b/602"
.02 up
Profitxrate
2,883,833.01
Gen, Electric
38
United Aircraft
50+
1.
.05 up
Gen. Motors
.06 up unch...
Gen. Railway Signal
Gen. Tire & Rubber
AFTERNOON MARKET
Total sales:-590 tons.
The market was quiet in the CHICAGO WHEAT afternoon.
finishing with sellers at 1/2.7/8 September
April/August and, 1/2.27/32 Sep-
tember/December, buyers at 1/2.
29/32 Cash and probably 1/27/8 CHICAGO CORN October.
V. 8. Dollari
The market closed with sellers at 21.11/16 Apr, 21.5/8 May "and 21.9/16 June, buyers at 21. 3/4 Cash, 21.11/18 May and probably 21.5/8 Junk,
Shanghai Dollars Sellers at 351. buyers at 361.1/4 for Cash.
Shanghal Market
Sterling at 4.1/8 sellers
Spot and US Dollars easier. September buyers at 6. probable sellers at
6.31/32 for Spot
Shanghai Exchange
Shanghai, Apr. 15 (Reuter).
Official T.T. Rates
December
New York Official
NY-London Cross Rate 3.49
Glidden Co.
Goodrich (BF)
Goodrich $5 pf.
Goodyear Tire & Co.
May......
reported, July.
1071/1071
1061/106)
1071/1077 1064/1061
1071/108 107/1061
1 up
Great Northern Iron Ore ..
106/106
1064/1061064/106)
✈ up #up
Great Northern Rły, pfd, Great Western Sugar
Friday's sales:--20,093,000 bushels.
Greyhound Corpn. a...
Hercules Powder Co.
Homestake Mining
+1
May
591/591 591/591
July
601/804
September
61/613
591/591 604/601 811/02
4 up
International Harvester
i up
Int Nicker
up Int. Tel, & Tel
Johns-Manville
WINNIPEG WHEAT
J. & Laughlin Steel #7 pid. Kennecott Copper
May July October
90/90 911/911 927/93
801/90
901/901 911/921 93 A
up
קט ! סטר
1939/40
NEW YORK HIDES
for June
14.14/13 14.41/41 14.64 N 34-3/4
14.11/10
14.38/36 14.64/83
14.08b/10a 14.35/35 14.60 b unquoted 3.52-7/8
07 off
35.90 24 14 20 Rails
.06 of
37.70 20.70 20 Utilities
39.22 84.51 40 Bonds
.04 off
buyers at 6.1/32 for Spct.
No
Sterling
business was
Londor New York
Japan
̈Indla
Parls
Hongkong
8pol
Apr.
May
Spot
ADT,
May ....
RUMOURS
LONDON, April 15 (BW)-Our-
FOOD SHORTAGE
Opening
0/4 5-3/4
24-1/2 22-1/8 2.94 28-3/4
Nellers
Opening Closing 0/4-1/8 0/4-1/8 0/4-5/64 0/4-1/18 0/3-31/32 .0/3-59/64 U.S. Dollars
$8-1/16
6
5-13/16-
Market: Uncertain.
Merchant Rates
Sterling, 0/4-3/32,
U.S. Dollars, $5-15/16.
$5-31/32 5-29/32
NEW 105. NOTES IN CIRCULATION
1:
Lt Lao Sang,, Eng. P. K. Kwok, Esq.) Wong Che Son, Esq. Wang Inn Tong, E. Kan Ying Po, g, Chan Ching Shok, Esq. Fang Ping Wab Eag
Kan Tong Po, Esq., Chief Manager. Li The Fong, Raq,, Manager.
Branches and Agencias :-
Kartoon
Loodus
PREMIX Mngapore Bangoon Sograbaya Salcom Blow.
Melbourne San Fran. Sydney Narsaka
dison tantas New York Bextile
Peplor
STACART
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.08 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the Wurld, 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' BOAD, O. South China Offices:
Every description of Banking and: Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local | CANTON Currency and Fixed Deposits re-SWATOW ceived for one year or shorter SHLUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SATE DEPOSIT Boxes To LaT.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
TO-
LONDON, Apr. 4 ((By Air Mall) rency has been given in the -The new mauve 10s, notes were Italian press to the report that put into circulation yesterday by Operating Services for Cargo and. Passengers - lowing to the German invasion or the Bank of England. They are Norway, and the occupation of much less bold in appearance Denmark, there is a grave shorthan the previous russet Issue and tage of food in Britain,"
It was added that it had be
to immediately butter, eggs and mar
come necessary ration
garine....
are smooth to the "touch. Some Cashiers think that the new note would not be so easy to
dis- tinguish in an indifferent light The perpendicular. "thread" line running through the left-hand The facts are that the butter side of the hote is easily felt, but ration 5-11/16
increased about a can only be seen when the note is fortnight ago to eight onces held up to the light. weekly, per person, and as already The new 21 notes were issued announced. It was officially stated as the end of last week. immediately after Denmark was occupied that there was no inten-
Silver Duty Rate:
The Central Bank of China's rate on London at 10 am, today was 1/2-1/2.
per cent.
The Equalisation rate was 9-3/4
was
on of reducing ration.
" ta
Mar-time past,
sarine is not rationed. and there there is no
is no intention of rationing it. them,
are unrationed and intention to ration
Exes, which are at present chea- Since April 9, pork has been per than they had been for some free of ration.
SWATOW, SHANGĦAL "TSINGTAU, CHEFOO
and TIENTSIN. KOBE sad
OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
*HAIPHONG
All steamors berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particuları
please apply to
HARDINE MATHESON&Co., Lrn TELEPHONE ZOZIK. GENERAL MANAGERS
KONGMOON. TOISHAN
KINGCHOW
We also handle the issue of Bonds
and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in Chical
General Banking Facilities and Vininoial Agente to The Provincial Government of Kwangtang Bead Offre Skinkwan, Kwangtang Province Hongkong Branch -Qason's bidg., & Chster Ed," Cable Address—“PROVINCIAL 2030, 9448, Telephones:
20112, 20113, 20143, 20181, 21681.
BRANCHES THROUGHOUT............
SOUTH CHINA Corempanden's in New York and London Paid Up Capital N$10,000,000. Reserve Capital ............. N$10,500,000.
AUYANG -M NLY,
Hongkong Mànegar.
A job?
WANT ADS
542 United Airlines Trans
227
18
United Corpn.
24
Head Office:HONG KONG No. 10 Des Voeur Road, Central.
184"
United Corpn. $3 cum pfi
384
172
United Gas Corpiz
13
Board of Directors:
-184
United Gas Improvement
12+
Six Shonson Chow, Chairman
68
Union Bag & Paper Corp. 107
Li Koon Chan, Esq.
227
Philadelphia Read, Opal
.10
151
U.S., Industrual Alcohol
24
25%
U.S. Rubber
353
271
UB, Rubber $8 pfd.
117
16
U.S. Steel
613
962
Vanadium ut
36
』
674
Vultee Aircraft.
104
Amoy
Batavia
543
Walworth Co.
54
Bombay
Mazda
324
Warner Bros. Pict.
31
Onlotta
Halphong
3*
Westinghouse. Elec.
1131
Hatikow
.714
66
372
Woodward Iron Cor. Chase National Bank National City Bank
27
Bogolulu Parb Kobe
Shanghai
344*
28* 3
bld.
t-ex div. DOW JONES AVERAGE
Apr. 14, 1940,
High Low Dow Jones Averages. Apr. 12, High Low Close 155.92 121.41 30 Industrials
Change.
149.20 3107
26.30
69.18
65,67 45.09 11 Commodity Index 60.17
149.90 14909 149.66
31.13 81.03 31.06 01 off 20 20- 25,20 25.24.
04 up 69.23
03-up 60,28 .11 up
48-up
Business Done :—600,000 shares.