Adams Express
Alleghany Steel Co.
Allled Stores
Allis Chalmers.
Aluminium Ltd.
Amer. Can
American, Cyanamid B.
Amer, & Foreign Power
Amer
& Foreign $7 pt..... Anterican Gas & Elec.
Amer. Locomotive
Previous
April 15
Amer. Metals Co..
Closing Opening Closing Change
Buyers Buyers
35-3/8 35-3/8 35-1/2 34-3/8 34-3/8 34-3/8 33-7/8 33-7/8 33-7/8
Amer, Radiator
Amer. Rolling Mill
up 1/8 unch.
Amer. S'ting and Ring Co.
Amer, Sugar Refining.
Amer. Tel & Tel.
Amer. Tobacco "B"
..... 39 6/2
The market was quiet.
LONDON RUBBER
Previous close Today's close
SPOT
On demand
........... 108 14
MAY
buyers 11 11-1/16
buyers
Change..
10-7/8
of 1/8
Amer. Waterworks Anaconda Copper Atchison, T. & 9, Fe. Auburn Motors
...
10-15/16
of 1/8
Aviation Corp.
On Manila:--
JUNE
11-1/16
10-7/8
of 3/16
Baldwin Lecometive
On demand
42 3/4
JULY-SEPT.
11
10-7/8
off 178.
Baltimore & Ohio
On Bangkok:--
OCT.-DEC.
10-15/16
10-13/16
off 1/8
Barber Asphalt Co.
Barnsdall 011
PAGE 10-HONGKONG DAILY PRESS
4
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 16, 1940
On London:
1
Telegraphic Transfer, 1/2 13/18 Bank Bills, on demand 1/2 13/18 Credits 4 months' sight 1,3 1/8" On Shanghai:—
On demand
On Singapore:-
On demand
On Japan:-
࿄ རྫུ བྲྀ $ པོ
On demand
On India:
Telegraphic
and demand On New York:-
PAYNE & CO.
COMMODITY BROKERS " STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
350
62 1/2
01
New York. April 15, 1940.
Transfer. La2 1/4
SINGAPORE RUBBER
Bank Bills, on demand 21 38
Credits, 80 days' sight 32 1/4
On Batavia :---
On Paris:-
On demand
Bank Bills, on demand 1088 Credits 4 months' right 1140.
On Saigon:-
SPOT JULY-SEPT.
OCT.-DEC.
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
STOCKS
APRIL 16, 1940 STOCKS
Libbey-Owens-Ford Lockheed Aircraft
Last Sale Apr. 15
WEDNESDAY, APRIL 17, 1940.
BANKS
RONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND CHINA
Issued Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 18014
Paid-Up Capital £8,500,000 Reserve Fund....
£3,000,000 ......£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietora
.£3,000,000 HEAD OFFICE: LONDON:
39, Bishopsgate E.0.9. Sub-Agencies In London: 117/132, Leadenhall Street, EC.1 West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch; 52. Moaley Street, Manchester, 1.
AGENCIES AND BRANCHES:
HARBIN
- PENANG HONG KONG MANGOON ILOILO
ALOE STAR AMRITHAR
BANGKOK
BAIGON
BATAVIA BOMBAY
ІРОН KARACHI
SEREMBAN
SHANGHAJ
<SINGAPOR
SITIAWAN
BOURABATA
LUMPUR
TAIPING
KUCHING
TIENTSIN
MADRAS,
TONGKAH
MANILA
(Bhuket)
MIDAN
TSINGTAO
Sir Vandeleur M. Grayburn,
Chief Manager.
CALOUTTA KLANG AGENCIES: KOBE
CLAVE STRKET KUALA FAX PLACE
CANTON
CAWNFORE
CEBU COLOMBO
BANKING CORPORATION
Last Sale
Apr. 15
Authorised Capital... 850,000,000
71
Glass 501
Reserve Funds:
23
41
Sterling
gi
Loew's Inc.
344
35+
Loft Incorperated
381
Reserve Liability of
103
Mack Truck Inc.
26-7
Proprietors
$20,000,000
1157
Martin, Glen L
461
391.
McKesson & Robbins, pi4.
281
Head Office:-HONG KONG
1*
Monsanto Chemical
1141
26
Montgomery Ward
513
Board of Directors:
361
National Aviation
E. V. Wilkinson, Esq.,
16
19
Nat. Dairy Products
181
23
Nat, Distillers
251
81
National Gypsum
10
161
National Lead......
212
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman; J. K. Boysfield, Ex.. A. H. Compton, Esq.,
53
Inter. Paper & Power
173
Hon. Mr. S. H. Dodwell,
213
Nat, Power & Light
8
G. Miskin, Esq.,.
1721
National Steel Corp.
67
K. S. Morrison. Esq.,
911
National Supply Corp.
81
T. E. Pearce, Esq.,
101
New York Central
161
C. C. Roberts, Esq.,
301
Niagara Hudson Power
54
Hon. Mr. A. L Shields,
2:21
N. American Aviation.
254
1.
North American Co.
217
81
Northern Pacifc
8급
151
Owens-nols Glass Co.
€3
Branches:
51
Pacific Gas & Mec
341
Amoy
151
Pacific Lighting
471
Bangkok
Johore Rangoon Kobe Saigon
114
Packard Motors
On demand............... 150
37
Batavia
Kowloon San
On 'Sterling Notes:-
The market was dull.
Bendix Aviation
35+
Pan-American Airways
232
Bombay
Kuala
Francisco
Bank Buying Rate
... 1/4
Bethlehem Steel
small
Bar Silver per oz.
90 3/4
Bliss & Co.
Boeing Airplane Co.
Borg-Warner' ....
Bridgeport Brass Corp.
Briggs Mfg.......
Brooklyn-M'hattan
Brooklyn-Manhattan $8........
Budd.. M'facturing Corp.
Canadian Pacific Rway Case, J.L
Celanese
Chesapeake & Ohlo Chrysler Cor
Climax-Molybdenum Co.
Colts Patent Fire-Arms ...
Columbis Gas & Elec.
Columbla 8 “A” pÍ.
"
11
•
Sterling
Commercial Credit Co. Com, & Southern (Ord.) Consolidated. Edison Consolidated Oli Continental Can Continental Of Copperweld, Steel Corn Products
*
Curtiss Wright (C)
Curtiss Wright "A"
Deere & Co...
Close
Opening
Closing
Change
Distillers Corpn. Seagrams
10.70/70
10.72/72
10.72/73
.02 up
Douglas Aircraft
10.43/43
10.44/44
10.44/44
.01 up
Du Pont de Nemours
10.59/59
10.59/59
10.61. N
.02 up
Eagle Picher Lead
>
10.04/04
10.04/04
10.07/07
.03 up
Eaton Mfg. Co.
December." January ( } March Spot
9.91 N
9.89/89
9.95 .N
.04 up
Elec. Autolite
9.37 N
"
{
9.77/77
9.84b/87a -8.77/77
9.90 N
...03 up
Elec Bond & Share...
9.80 N
*་
10.89 N
10.89 N
....03 "up
unch.
Elec, Bord & Share $5 pf
Elec Bond & Share $8 pf.
Elec. Power & Light $7 pf.
Fisk Rubber
Flintkote
Gen. Americah Trans.
May
18.65b
July
18.07b.
18.75/75 18.15/15
September December January
17.85/85
17.98/95
17.66/66
17.585/60a
18.82 A 18.24b 18.00b/028 17.75b/804 17.71 N
.17 up
Gen. Electric
Gen. Motors
.17 up
15 up
Gen. Railway' Sigmal
Gen. Tire & Rubber
.00
קט
Glidden Co.
.13 up
Goodrich (BF)
Total sales:-1,110 tons.
CHICAGO WHEAT
May.....
Goodrich $5 på
Goodyear Tire & Co...
Great Northern Iron Ore
1072/108
July. September
107/1064.
1084/1081 107/107
1064/1064 1073/1973
1031/1081 1072/1073 1077/1071
up.
Great Northern Ŕly, píd.
t.up
Great Western Sugar
1 up
Greyhound Corpn.
*
Hercules Powder Co
Homestake Mining
! International Harvester
the
May July
591/591
591/59)
601/601
September
61/62
601/603 619/613 821/63
7 up
Int Nickel.......
1 up Int. Tel, & Tel
1
קט
| Johns-Manville
WINNIPEG WHEAT
J. & Laughlin Steel S7 prd.
Kennecott Copper
May July
October
901/901 911/911 93 A
90/90
90 B
i off
Lakey Foundry & Mac,
918B 9312
'unch.
up
NEW YORK HIDES June 'September
13
1939/40
December
14.15b/18a 14.43/43. 14.41/43 14.62b/72a 14.65/85
.09 up
..08 up
155:98 121.41 30 Industrials
.05. up
25,90 24 14 20 Rails
34-3/4. 3.50-3/8.
27.70 20.70 20 Utilities
22.22 84.51 40 Bonds
Market Report
FROM ROZA BROS. Bliver prices dropped yesterday to the extent of 1/8 for Ready and 1/16 for Forward, the quota- tions being" 20.3/4 and 20.11/18 respectively. Silver advices re- ported speculators as having sold. A small business was done. Theį marke was steady but quiet. American Sliver 34.3/4 for Spot.
was quoted at
The London/New York cross- rate was quoted at 402.1/2 New York/London was quoted at 350. 3/8.
Market Steady for Sterling but easy for US Dollars.
There
were sellers a: 1/27/8 April/September and 1/2.27/32 October/December, buyers at 1/2. 29/32 Cash and 1/2.7/8 November. U. S. Dollars
Opened with sellers at 21.5/8 at which rate some business was done for April delivery followed by transactions at 21.7/18 July. Subsequently 21.5/8 was also ar- ranged for Cash, The market élesed at 1 p.m. with sellers at 21.0/16 Apr, 21.1/2 May, 21.7/18 June and 21.3/8 July, buyers at 21.5/8 April. probably Cash. 21.9/ 16 May, 21.1/2 June and 21.7/18 July.
Shanghai. Dollars " Opened with sellers at 360,1/2 bu subrequently business was re- 361.1/2. There were ported at probable sellers at 381.1/2, buyers at 382.
Shanghai Market Sterling business was done at 4.1/8 for Spot. U.S. Dollars opened with sellers at 6' bu, subsequently eased off to buyers at 5.31/32 før Spot.
"AFTERNOON MARKET
The market was quiet in afternoon.
Sterling The market closed with sellers at 1/27/8 April/September and 1/2.27/32 October/December, buy- ers at 1/2.29/32 Cash and 1/27/8 November.
U. B. Dollars
A small business was done at The 21.0/16 for April delivery. market closed With sellers at 211/2 April, 21,7/16 May and 31 3/8 June, probably July, buyers 21.9/16 May. at 21.5/8 Cash, 31.1/2 June and 217/16 July.
Shangbai Dollars
Bellers at 361.1/4 for Spot.
Shanghai Market
Sterling sellers at 41/8 and U.S.
Dollars sellers a; 5.15/16,
at 5.31/32 for Spot.
Shanghai Exchange
buyers
Shanghai, Apr. 16 (Reuter).
Official T.T. Rates
Opening
074 5-3/4
23-1/2
NEW YORK COTTON: The South sold a
amount but prices rallied quickly on more liberal price-Axing and on some local buying coupled with the relative scarcity of offerings.
NEW YORK RUBBER: All workable c.i.f. offerings are reported to have been taken. Prices of futures are quiet but steady.
CHICAGO WHEAT; Unfavouable European crop newa together with further reports of frost demage has attracted a great deal of attention and is becoming a major market influence, inducing fairly general buying. Prices opened higher on better cables and were easily influenced on buying orders,
NEW YORK STOCKS: 149,2; Change, ấp Đô
Previous close, 149.66: Today's close,
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 May July
July New contract) October
Prev. Today's" "High Low Close Close Change:
10.73 10.08 10.70 10.72 .02 up 18.82 18.75 18.65b 18.32A 17 up 109 108 1077 1081 1 up
60% 594 591
601 up 14.25 14.10 14.06b 14.156 .09 up
Total sales Saturday:--29.800 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40.
NEW YORK RUBBER
Saturday's sales:-15,030,000 bushels.
CHICAGO CORN
14.06b/10 1410/11 14.35/35" 14.60b New York Official unquoted NY-London Cross Rate 3.52-7/8
LONDON GOLD
London, Apr. 15 (Reuter), Bar Gold, Fine per oz., 188.
Silver Duty Rate The Central Bank of China's rate on London at 10 am, today was 1/2-1/2. :-
The Equalisation rate was 9 per cent
London
New York
Japan
India
Paris
Hongkong
22-1/8
2.94 .26-3/4 Sellers
India Rupee Paper
Gpot
Opening 0/4-1/8
Apt.
May
Closing 0/4-1/8- 0/4-1/18 0/4-1/32 0/3-59/64 0/3-7/8 ́U.S. Dollar -
Spot... $5-31/32
Apr.
May
$5-15/18. **** 5-29/32 - 5-13/10 ....... 5-11/10 5-5/8
Market:-Quiet
Merchant Rates Sterling: 0/4-3/32... U.B. Dollars, $5-7/8.
Bombay, Apr. 15 (Reuter). Govt, 31 Rupec, 93-12-0.
New York Exchange
Th
New York, Apr. 15 (Reuter). T.T. on London (Opening Rate), 3.54
Calcutta Exchange
Calcutta. Apr, 15 (Reuerty.
T.T. on Japan, 89-1/2.
1134
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
TO-
...
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and · OSAKA
SINGAPORE, PENANG and CALCUTTA·
SANDAKAN
HAIPHONG
All steamers borth 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 3O3II • GENERAL MANAGERS
Wong Chu Son, Esq.
Wong Lan Tong, Esq. Kan King Po, Bag. Chan Ching Shok, Eaq, Fang Ping Wah Esq
Kan Tong Po, Esq., Chief Manager. Li The Fong, Esq., Manager.
Branches and Agencies :—
Korloom Pensar
Batavia Bombay Daleztia Haiphong Zaskow Kenalain Kobe
Manila
Nagraks
Bingapore Saurabaya Balgen Bwatow
Rangoon
Kelbourne en Fran- Bydney.
elaos Tiantain New York Beatle VanDordr Semarang Paris. Palplog Shangtal
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 one year or shorter periods in Local and Foreign Cur- rencies on terms which will be quoted on application.
SAFE DEPOSIT Boxes To LT.
*EAN TONG PO,
Chief Manager.
THE KWANGTUNG PROVINCIAL BANK
Cincorporated in Ukiza)
General Banking Fazlätlas and Financial Agents to The Provincial Government of Xyangteng Head Offee--Abiulwang Kwungtung Province"
Loogkong Branch -Queen's Wildg., & Obutor Bd. Cable Addresses-"PROVINCIAL" #539, 9663. Telephones:
20112, 20113. 20143, 20182, 21881. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London Paid Up Capital N510,600,000..
Reserve Capital
N$10,500,000.
AUYANG MANLY,
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 Uhina 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 TOISHAN KINGOHOW
CANTON SWATOW SKIUCHOW
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 MERCANTILE BANK OF INDIA, LIMITED
Read Ofce-15, Gracechurch Street, London, EC.). Authorised Capital
Jab erioed Capital. Paid-up Capital .. Reserre Yund and East,
£1,800,000
£1,050, £1,252,770
BANKERS: The Bank of England and Midtang" * Bank, Ltd... BRANCHES:
Lattes
Kuantan
Hongkong Kangar
Bangkok
Ipak
Bombay
Dalentia
Colombo
Delhi
· Karachi
Galie
A job?
WANT ADS
Kandy
Kobe Bhart
Bongkeng Kuala Lipis
Howrah
Husle Lamper
Penang
Shangha
Madra
New York
flen goos
Simi
ingapore
HONG KONG BRANCH: Every description of. Banking and Exchange Travallars Chaquam' immund,
··bacinam transactud.
TRUSTEE AND EXECUTORSHIF
·UNDERTAKEN.
CURRENT 1000UNTS opened in Loon Case repty un PIXED DEFOBIES received in Lon Correndy, 82MBLING ✯ U,6, DOLLABA on termas that may be ascertained on appliastion.:
D. BENSON,
Calcutta
801
Paramount Pictures
7ཎྜ
Lumpur Shanghai
Canton
London
18
Pennsylvania R.R.
Singapore
321
Chefoo
Lyour
Sourabaya
277
Phelps-Dodge
381
Colombo Malacca
Sungei
231
Philadelphia Read, Coal
01*.
Dairen Manila
121
Phillips Petroleum
381
"Foochow
Muar
Swatow
231
Pittsburg Coke & Iron
81
Trans.
23.
Public Service of N.J.
421
Bankow
100*
Pullman, Inc.
261
Harbin
51"
Pure Ol
Iloilo
101
M
Ipoh
Penang
5+
| Radio Corpn. of Am.
61
687*
Reading Company, Com 15
337
Reading Company, 1st pfd- 26*
392
Remington Arms Co., Inc.
87
39..
| Republic Aviation Corp! .
Repubile Steel
61
213
80*
Revere Cop. & Brass Inc..
13%
B1
Reynold Tabac. "B"
43
911
Richfield Of
71.
461
Safeway Stores
504
Schenley Distillers.
139
32
Sears Roebuck
871
72
Shell Union O
12
494
Socony-Vaconum Oil
111
23
Southern Pacific
13
22:
Southein Rly $5 pfd.
28
60
Sperry
45
104
Spicer Manufacturing Co. 36
29
Standard Brands
72
224
Stand Gas & Elec.
13
187.
Standard Oll of California
234
93+
Standard 0 of NJ.
414
188
Store & Webster
07
117
Studebaker Com.
11
Hong Kong, 28th Feb., 1939.
36
Swift International
291
401
Technicolor
151
61
Texas Corpn.
478
611
Texes Gulf Sulphur
35
BANK OF EAST ASIA”,
LIMITED.
684
Timken-Axle
25+
314
Trans-America Co.
6
Authorised Capital......$10,000,000.00
151
20th Cent. For,
101
Paid-Up Capital
5,598,600.00
201
20th Cent. Fox. $13 pl. .....
223*
Reserve" and Undivided
543
Union Bag & Paper Corp.
17+
Profita
2,883,932.01
Patani
Haiphong (Johore) Tientsin
"Mukden Tokyo
New York Tsingtao
Peiping Yokohama
NEW YORK
MIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CUMBENT ACCOUNTS 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 ACCOUNT also opened in Local Currency and Sterling with
CURRENT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED Dparts on application. received for one year or shortar The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rencica on terma which will be business, and claims recovery of British Income Tax overpaid, on quoted on application..
Also up to date SA DEPOSIT terms which may be ascertained`at Fox in various sizes To La
any of the Agencies and Branches. Hong Kong. 28th February, 1940,
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.
R. A. CAMIDGE,
THE CHASE BANK
15, QUEEN'S BOAD, 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 Bank in ontirely owned by THE CHASE NATIONAL BARI, NEW YORK, with Besources of cru U.S.$2,000,000,000.
D. M. BIGGAR,
Jacond Fice Pres
41
DELHI . HAIPHONG
YOKOHAMA
KAMBURG HANKOW
Manager.
38
Union Carbide & Carbon, 824
54%
Union Pacific
974
Head Office:-HONG KONG
18
United Aircraft
612
No. 10 Des Voeux Road, Central.
194
United Airlines Trans
234
BANK OF CHINA
184"
United Corpa
28.
Board of Directors:
181
United Corpn.' $3 eum pí.
39
Bir Shonson Chow, Chairman
*671
United Gas Corpn....................
14
Li Koon Chan, Esq.
Li Lan Sany, Beg,
227"
P. K. Kok. Faq.
United Gas Improvement
120
151
US.. Industrual Alcohol ...
234
262
U.S. Rubber
351
273
UA. Rubber $5 pfd.
1152
154
US. Steel
62
98
Vanadium
-271-
56
Vultee Aircraft
101
AD
Loudoa
55
Walworth Co.
54
327
Warner Bros. Pict.
31
31
Westinghouse. Elec.
72
Woodward Iron Cor.
271
64.
Chase National Bank
342*
371
National City Bank
29*
41.
•bid.
1. x. div.
DOW JONES AVERAGE
High Low Dow Jones Averages. Apr. 13, High Low Close
Apr. 161946,"
149.66
31 06
25.24
65.67 45:39 11: Commodity Index 60.28
. 89.23
Business Done -1,260,000 shares
150.87 149 20 149,72 31.90 30.00 30.98 25 30 26.07 25.13
Change 48 up .08 off
11 off
89.29
60.65
.06 up 37 up