Buyers
35-5/8
Buyers 35-7/8
Previous April 17 Closing Opening Closing
35-3/ 34-3/8 34-3/4 34-1/2 33-7/8 34-1/8 33-7/8
Previous close Today's close
buyers
10-15/16
buyers 11 10-15/16 11 10-15/16 10-15/16 10-7/8
11
11
11
13
..
H.K. & Sha! Bank (Col.
༢ ུ ུ འ3*
Previous close, 148.18; Today's close,
וויי
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Chrysler Corpn.
Climax-Molybdenum Co.
| Colts Patent Fire-Armas ...
Columbia, Gas & Elec.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)..
London, April 17.
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% (Red
after 1952) Canton-K'loon Rly. 5% Chinese 41% Gold Loan
1898 (Brit. Issue)...... Chinese 5% Gold Bonda.
1925-47
Chin 44% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan.
1913 (Ldn. Is.)
Chinese 5% Reorg, Loan.
1912
Chinese 8% Ster. Notes
1925 (Vickera)
Chin. Imperial Rly. 5%
Loan
Honan Rly, 5%
Hukuang Rly, 5%, 1911... Bukuang Rly.' 5%, 1911
(German Issue)................... Lung Tsing & U. Hal
Rly 5% 1913......
8'hal-N'Klug Rly. 5%
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
£
901
32
09
28 5 588 2 2 3 3,85
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, April 17, 1940.
SINGAPORE RUBBER
SPOT
| JULY-SEPT.
OCT.-DEC.
After ruling firm the market became idle.
LONDON RUBBER
38
SPOT
MAY
60
"13
13
Tientsin-Pukow Rly. 5%.....
(German Stpd.)
13
JUNE
JULY-SEPT.
יד
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
STOCKS..
Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl, Loan) Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl, Loan) Jap. 5% Ster, Loan, 1907, 481 Jap. 6% Ster, Loan, 1924 Ger, 7% Intl. Loan, 1924
Chartered Bank...
H.K. S'hal Bank (Ldn.
Reg.)
OCT.-DEO,
The market was quietly steady. NEW YORK COTTON: Liquidation of May options was fairly The South sold and the Trade boughs. There was some evidence of price-fixing towards the close. Weather conditions are favourable in the Eastern belt, but rains are needed in the West.
active
NEW YORK RUBBER: It is rumoured that a reduction of 10 per cent. for the third quarters quota is very possible. There was a good demand for physicals..
CHICAGO WHEAT:" More rains in the dry sections caused an early easiness, but there was no pressure, except by local interests evening up...
NEW YORK STOCKS: 148.35: Change, up 17.
Bendix Aviation Bethlehem Steel Bliss & Co.
APRIL 18, 1940 STOCKS
Lakey Foundry & Mac, Libbey-Owens-Ford
BANKING CORPORATION
Last Bale
Last Sale
Apr. 17
Apr. 17
Authorised Capital $80,000,000
Adam's Express Alleghany Steel Co. Allied Stores.............................. Allis Chalmers .... Aluminium Ltd, Amer, Can
71
Reserve Funds:
231
Glass
401
Sterling...............
B1"
Lockheed Aircraft
40A
344
Loew's Dac..........
311
Reserve Liability of
101
Loft Incorperated
38
Proprietors...
.$20,000,000
1153
Mack Truck Inc. .....
FRIDAY, APRIL 19, 1940.
PANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1881
£6,500,000
Paid-Up Capital Reserve Fund H.K. Currency Reserve $10,000,000 Reserva Liability of Pro-
£3,000,000
£3,000,000
prietors
£3,000,00
HEAD OFFICE: LONDON:
201
American Cyanamid E.
39
Martin, Glen L
481
Amer. & Foreign Power
11
McKesson & Robbins, pid. 261
Amer. & Foreign $7 pf.
I
2+1
Morganto Chemical
1141
American Gas & Elec.
361
Montgomery Ward
511
Amer. Locomotive
191
National Aviation
15
Amer, Metals Co.......
213
Change
Nat, Dairy Products
181
י
Amer. Radiator
B+
Nat. Distillers
251
Amer. Rolling Mul
15
up 1/8
National Gypsum ..............
101
Amer. Sting and R'ing Co.
51
National Lead
211
J. K. Bousfield, Esq., A. H. Compton, Esq.,
up 1/8
Hon. Mr. S. H. Dodwell,
Amer, Sugar Refining
· 21 †
unch
Nat, Power & Light.
G. Miskiu, Esq.,
Amer. Tel. & Tel.
1731
National Steel Corp.
85
K. S. Morrison, Esq.,
"}
Amer. Tobacco "B"
91
National Supply Corp.
T. E. Pearce, Esq.,
Amer. Waterworks ....
101
New York Central
164
C. C. Roberts, Esq.,
Change
Anaconda Copper
303
| Niagara Hudson Fower
51
up 1/16
Atchison, T. & 8 F.
221
N. American Aviation
2+1
Auburn Motors
11
up 1/16
North American Co.
221
up 1/10
Aviation Corp.......
up 1/16 up 1/8
Baldwin Lecometive
Baltimore & Ohio Barber Asphalt Co. Barnsdall Ou
Boeing Airplane Co. Borg-Warner
Bridgeport Brass' Corp. Briggs Mig
Brooklyn-M'hattan
Brooklyn-Manhattan 36.......,
Budd M'facturing Corp.
Canadian Paciic R'way...
Case, JI....
Celanese
Chesapeake & Ohio
Columbia 8% "A" pí.
Reg)
94
Chinese Eng. & Mining
(bearer)
18/9
Chosen Corporation
6/0
Pekin Syndicate
2
S'hai Elec. Constr. Co.
15
New York Cotton, May New York Rubber, May Chicago"Wheat, May
10.81 10.73
19.54 19.15
110
1093
"
S'hai Waterworks "A"
15
Chicago Corn,' May New York Hides, June
621 14.25 14.16
Union Insurance
291
14.15 14.16 .01 up
Prev. Today's High Low Close Close Change Com, & Southern (Ord.)
10.77 10.73 04 of Consolidated Edison 19.20 19,50
Consolidated 0 .30 up
off Continental Can 110 1093 613 621 621 up Continental ou
Copperweld Steel
Commercial" Credit Co.
Corn Products
Gula Kalumpang Rubber. 18/9
NEW YORK COTTON.
Close
Opening
Closing
Change
Curtiss Wright (C.)
Allled Ironfounders
14
Asso. & Elec. Industries
39/104
Austin Motors, ord.
15/6
May July
10.77/78
10.78/78
10.73/73
04 04
Curtiss Wright "a"
10.50/50
10.48/50
10.45/46
.05 07
Deere & Co.
Cable & Wireless, New
July (New contract)
10.67/67
· 10,64b
10.80, N
.01 off
Distillers Corpn. Seagrams
Form, ord.
611
October
..... 10.18/18
10.22/23
10.19/19
.01" up
Douglas - Aircraft
Du Pont de Nemours
B.-A. Tob. (bearer).
106/3
December (
}
10.08/08
10.15/14
10.08/08
Mexican Eagle
121
January ¡C
10.03 N
..10.11/11
10.03 N
unch
unch.
Eagle Picher Lead
Cammell Laird, ord.
7/41
March
(
}
9.96/97
10,03/03
9,95/95
Eaton Mfg. Co. 1...
.01 of
Mexican Eagle
8/3
Spot
10.94 N
10.90 N
04 of
Elec. "Autolite
Elec, Bond & Share
Courtaulds
37/41
Distillers
88/3
Dunlop Rubber
38
Total sales Tuesday:---56,900 bales.
First notice day for cotton:-1/6/40 and last day 22/5/40.
Plec. Band & Share 36 pf.
Gen, Electric (England)
79/10Į
NEW YORK RUBBER
Elec. Bond & Share 34 pf, Bec. Power & Light 37 pf. Fisk Rubber....
Guinness (A) Son & Co.
78/3
Hawker Siddeley Alrc.....
12/7
May
Bristol Aeroplane
14/6
July
19.20/20 19.18/15 18.58/63 18:60/64
19,50/52 18.70/70
.30 up
Fittkote
........
.12 up
Gen. American Trana
Imperial Chemical Ind
31/4
September
18.27/30
13.35/40
18.43/43
.16 up
Gen, Electric
Imperial Tobacco
118/3
December
18.02/02
18.18/19
.16 up
Gen. Motors
Marks & Sp'cer "A" ord. 50/8
January
17.98 N
18.13 N
15
up
Gen. Railway Signal
Gen. Tire & Rubber
Rolls Royce .....
91/3
Leyland Motors
73/6
Tate & Lyle
54/3
Total sales:-3,470 tons,
CHICAGO WHEAT
Glidden Co.
Goodrich (B.F.)
Goodrich $5 pt.
Turner & Newall
64/71
May
110/1101099/1094
United Steel
23/3
July
Smethwick Drop Forg....
13/9
September
109/109 1087/109
1080/1081 1081/1081
1091/1091
·1037/1087" 1087/1081
off
Goodyear Tire & Co..
1 off
Great Northern Iron Ore ..
off
Great Northern 'Rly, pid,
Armstrong Stevens, ord.
6
Pressed Steel, com.
17/3
Tuesday's sales:-43,346,000 bushels.
Great Western Sugar
Greyhound Corpn.
Vickers, ord.
18
CHICAGO CORN
Hercules Powder Co,
Woolworths
63/6
Anglo-Dutch
22/3
May
621/12) 62/611
Rub. Plant. Invest. Trust
30/3
July
Burma Corporation
9/8
September
*******.. 632/83
642/642
621/621 631/632
up
HomestakeTM Mining
2. up
International Harvester
841/647
Int Nickel
up
Inter, Paper & Power
Commonwealth Mining
WINNIPEG WHEAT
Int. Tel. & Tel
Marsman Investments
14
Randfontein Estates
33/9
May
901/901
20/90%
9017901
off Johns Manville
Western Holdings
16/6
July
912/912
Sub-Nigel...
195
October
938/931
91 18 9310
unch.
off J. & Laughlin Steel $7 pfd.
Kennecott Copper
Tanami Gold Mining
ød.
NEW YORK. HIDES
Anglo-Iranian
53/9
Burmah
70/71
June
Shell Trans & Trad.
September....
(bearer)
72/6
December
*-Nominal
New York Official NY-London Cross Rate 3.49-5/8
14.15b/18a 14.40/44 34.65b 34-3/4
∙14,20/19 14.43/43 14.72/70
»
14.16/18 14.42/43 14.70/70
.01. up
.02 up
1939/40
.05 up
High
34-3/4.
3.49-5/8
35.90 24 14 20 Rails
27.70 20.7020 Utilities
39.39 84.51 40 Bonda
i-ex-dividend
RESERVE BANK OF
INDIA STATEMENT
Calcutta, Apr. 17 (Reuter).
Apr. 3 Apr. 10
Notes in circulation......
(including Notes held in the Bank- Ing Department)... 25,162 25.388 Rupee Coln, and Bul-
lion in India
5.535
Gold Coin and Bul-
lion in India Securities (Indian
Dovernment) Securities (British
Government)
&
SILVER MARKET
LONDON SILVER
London, Apr. 17 [Reutery
RUBBER MARKET
RUMOURS
LONDON, April 18 (Reuter)-In
already discussing the outcome of the International Regulation Com- mittee Meeting which will be held on May. 21, next,
Silver: General buying. Not the rubber market dealers are" much offering. Business small. Market steady. In the afternoon, the market was quietly steady.
Spot, 20-15/184. 5,401
Forward, 20-13/16d.
4,154. 4.154
3,835 3.835
..... 11,350 11,850
LONDON METALS
EXCHANGE
London, Apr. 17 (Reuter).
TIN
buyers,
£
sellers £ 255-1/2
Standard, Cash. 255 Standard,
3 months 249-1/2 250
Standard,
det'ment Price 255-1/4
Straits.......... 265-1/2 to 280-1/2
BOMBAY SILVER
Bombay, Apr. 17 (Reuters, Market Qulet.. Offiake 50 bars,
Indian Mint Silver
Ready
58-04 May Settlement 58-05 June 3 Settlement... 58-09
NEW YORK SILVER New York, Apr. 17 (Reuter). Stiver. Official, 34-3/4.
LONDON GOLD
London, Apr. 17 Reuter). Bar Gold. Fine per ca. 188.
There is a growing belief that the Small Cut Quota would be the most likely result as the ex- portable allowances exceed the present rate of consumption, and the fact that certain consuming centres have been lost as the re- sult
of the exterision in the hostilities...
At the same time dealers unani- mously agree that Large Cut would be unwelcome in view of the United Kingdom's stock post- tion,
In this connection it is reported in market circles that the authori- ties have intimated it would be desirable that! manufacturers should accumulate stocks amount- ing to three months' requirements
Patani
Murden: New York Tsingtao
Yokohams
MEDAN
TAIPING TINTAIN
TONGEAH -
(Bhuket). TEINOTAO
NEW YORK YOKOHAMA PIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accovers 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 slao opened in Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOBAL CORRECT and Fix Derorts on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rancies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on Atso up to date SA DEPOSIT terms which may be ascertained at Box in värious sixes 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. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 25th Feb., 1938.
BANK OF EAST ASIA, LIMITED
Authorised Capital....$10,000,000.00 Paid-Up Capital ......... 5,598,600.00 Reserve and Undivided
Profits.
2,883,931.01
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Bhonson Chow, Chairma
Li Lu Sang.Eng. P. K. Kwok, Esq. Wong Che don, Esq.. Wong Tan Tong, Esq. Kan Ting To, Reg Chan Ching Shuk, Esq, Fung Ping Wah E
Kan Tong Fo, Esq., Chief Manager. Li Tee Pong, Esq., Manager.
Branches and Agancias :-
Kowloon PROLES
London
Rangoon
Blagapers Bourabaya Swabow
Malbourne "San Fran.... Bydney Nagasaka
New York Bastile Vancouver Parir
Pelping
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
19, PINE STREET,
NEW YORK. An American Bank offering com
plete Foreign Banking Bervice" in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by TH CHASE NATIONAL BANK, Naw Yox, with Resources of arms U.S.$9,900,000,000.
D. M. BIGGAR,
Jacond Fios Pru
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 CHINA) 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 Dometic and Foreign Banking and Exchange.
་
Head Office:-SHANGHAI Hong Kong Branch;
4, QUEEN'S ROAD, C. -
South China Offices:
Current Accounts opened in Local CANTON Currency and Fixed Deposita re- SWATOW ceived for one year of shorter SHIUCHOW periods in Locil and Foreign Cur rencies on terms which will be quoted on application.
BATE DEPOSIT BOXES TO LIT.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN,
KOER and OSAKA
SINGAPORE, PENANG and "CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghal, where passengers and cargo are landed.
For further partionlars
please apply tom.
CJARDINE MATHESON&Co.,LTD. TELEPHONE SOXII. GENERAL MANAGERS
KONGMOON TOISHAN KINGCHOW
We also handle the laste of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
...
SHOU J. CHEN,
"Mandger
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated In China)
Ganural Banking Facilities and Financial Agenti ta The Provincial Government of Kwinging Head Office--blukwen, Kwangtang Provinga Hongkong Branali-Greer's 9kg, Chator Ed. Cable Addresssa---PROVÍNCIALTM 2938, 9443. Telephones:
11
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and Londen Paid Up Capital .............. N$16,906,000. Reserve Capital .............. N310,500,000.
AUYANG MINLY,
Hongkong Managar,
A Job?
WANT ADS
8
Northern Pacife
81
151
Owens-Iknols Glass Co.
811
il
Branobes:
5
Pacific Gas & Elec
337
Amoy
151
Pacific Lighting
470
Bangkok
Kobe
Head Office:-HONG KONG..
Board of Directors: H. V. Wilkinson, Esq.,
Chairman.
Hon. Mr. J. J. Paterson,
Deputy Chairman.
Hon. Mr. A. L Shields, Sir Vandeleur M. Graybura,
Chief Manager.
Jahare Rangoon
Baixon
38, Bishopsgate E.CL
Sub-Agencies In London: 117/182, Leadenhall Street, E.Q.a West End Branch: 14/16, Cockspur Street, S.W,1, Manchester Branch:
52. Mosley Street, Manchester, L
AGENCIES AND BRANCHES:
ALON STAR AMRITSAR BANGKOK
BATAVIA BOMBAY
HARBIN
PENANG EONG TONG LANGOON ILOILO IPOH
DALOUTTA KLANG AGENCIES: KOBE CLIFE STABET KUALA FATELIS PLACE
CANTON
BAIGON
BERIMBAN
KARACHI
SHANGHAI
BINGAPORE
SITIAWAN
BOURABAYA
CAWNPOR
LUMPUS KUCHING
CIBU
MADBAN
COLOMBO
MANILA
DELHI
113
| Packard Motors
31
Batavia
Kowloon Saa
1
341
Pan-American Airways
22
Bombay
Kusla
Francisco
HAIPHONG
80
Paramount Pictures
71
Calcutta
Lumpur Shanghai
191
Pennsylvania R.R.
213
Canton
London ·
HAMBURG KANKOW
Singapore
Chefoo
27
Lyons
Phelps-Dodge..
Sourabaya
381
Colombo
Malacca
Sungai
231
Philadelphia Read, Coal
Dairen
Manila
11
Philips Petroleum
371
Foochow
Muar
Swatow
****
Pittsburg Coke & Iron
21.
Haiphong (Johore) Tientsin
Trans.
23.
Public Service of N.J.
42
Bankow
Tokyo
98
Pullman. Inc.
254
Harbin
5*
Pure Oll
Iloilo
101
5
Radio Corpn. of Am. ....
Ipob
Paiping
Penang
64
674
Reading Company.
Com
154
33ł
Reading Company, 1st pfd
28.
391
Remington Arins Co., Inc.
44.
42
Republic Aviation Corp.
381
Republic Steel.
211
801
| Revere Cop.` & Brass Inc.
134
19
Reynold Tobac, “E”
437
92
Richfeld Ou
7+
401
Bafeway Stores
51
18"
Schenley Distillers
13
317
Sears Roobuck
301
10
Shell Union of
113
481
Socony-Vacunum Oll
111
221
Southern Pacific
121
2:3
Southern Rly $5 pfd,
27
60
8berry
441
104
Spicer Manufacturing Co.
354*
231
Standard Braids
7
224
Stand Gas & Elec.
12
181
Standard Oil of California
92
Standard Of of N.J.
41
187.
Stone & Webster
94
114
Studebaker Com,
107
357
Swift International
281
40%
Technicolor
15
اد
01
Texas Corpn.
451
601**
Texes Gulf Sulphur
344
681
Timken-Axle.........
241
32.,
Trans-America Co.....
53.
15*
20th Cent. Fox.
92
19.
20th Cent. Fox, $1 pf.
221
531
Unton Bag & Paper Corp.
18
372
Union Carbide & Carbon
81
53+
Union Paclic
96
181
United Aircraft
514
181
United Airlines Trans ......
214
172
United Corpn.
'23
181
United Corpn. $3 cum pf.
372
€6*
United Gas Corpn.
1*
Li Koon Chan, Esq,
224
United
Gas Improvement
12
15
U.S., Industrual Alcohol.
224
25%
UB. Rubber
35+
273
US. Rubber 33 pfc.
114
15
UB. Steel.
61+
£7
3
Vanadium
38
561
Vultee Aircraft
101.
557
Walworth Co.
54
Batavia
Bombay
Kasila
Sulgen
31
Warner Bros, Pict.
101
Qalmista "Halphony
Westinghouse Elec.
113
Hankow
32*
Woodward Iron Cor.
27
Honok
Lobe
leo Tha
Semarang
Shanghai
70%
641
Chase National Bank National City Bank
3411 283
361
*-bid.
1-ex, dive DOW JONES AVERAGE
Apr. 18, 1940. Low. Dow Jones Averages. Apr. 16, High Low Close 156.93 191.41 30 Industrials
148.12 147.77 148.35 30.74 30.50 30.59 2500 24.63 · 24,83
148:18
3061
$4.81 88 90
86.57 45.69 11 Commodity Index 61.29
Change .17 up .05 off .02 up 89.01 .11 up. 61.32 Л3 up
Business Done :---900,000 shares