JULY-SEPT. OCT.-DEC.
34-1/2 34-5/8
33-7/8 34
I
On demand
On Faris:
30 7/8
The market was idle.
LONDON RUBBER
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 19, 1948
On London:
Telegraphic Transfer, 1/4 19/16 Bank Bills, on demand 1/2 13/18 Credits 4 months sight 1.3 1/8
On Shanghai:-
On demand
On demand
On Singapore:-
On Japan:-
On demand
On India:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
r
350
53 1/2
.91 1/2
New York, April 18, 1940.
SINGAPORE RUBBER'
Telegraphic Transfer. 199" 1/4
and demand
On New York:---
Bank Bills, on demand 21 1/2 'Credits, 60 days' aight 27 3/8
On Batavin: --
S. POT
Previous April 18
Closing Opening Closing Change
Buyers
Buyers
35-3/4 35-7/8 35-3/4
NEW YORK STOCK EXCHANGE®
QUOTATION
(REUTER'S SERVICE
STOCKS
Adams Express
APRIL 19, 1940 STOCKS
Lakey Foundry & Mac, Libbey-Owens-Ford
SATURDAY, APRIL 20. 1940;
Last Sale
Last Sale
Apr. 18
Apr, 18
71
41
Alleghany Steel Co.
22}
Glasa
49
Allied Stores
Sterling.
St.
Lockheed Aircraft
381
Allis Chalmers
33+
Loew's Inc......
34
Reserve Lisbility of
Aluminium Ltd.
103
Loft Incorperated
371
Proprietors
.$20,000,000
Amer. Can
1143
Mack Truck Inc.
261
'American Cyanamid B.
391
Martin, Glen L
Head Office:-HONG KONG
Amer. & Foreign Power
14
McKesson & Robbins, prq.
26
Amer & Foreign $7@pt.
244
Monsanto Chemical
114
American Gas & Elee.
351.
Board of Directors: H. V. Wilkinson, Esq.,
Montgomery Ward
501
Amer. Locomotive
· 191
National Aviation
15
Hon. Mr. J. J. Paterson,
Ainer. Metals Co.
214
Nat, Dairy Products
18
Amer. Radiator
81
Nat Distillers
253
unch.
Amer, Rolling Mill
15
National Gypsum
Deputy Chairman, J. K. Bousfeld, Esq.,.
101
A. H. Compton, Esq.,
43-5/8 33-3/4
up 1/8
Amer. Sting and Ring Co...
51
National Lead
201
Hon. Mr. S. H. Dodwell,
off 1/8
Amer. Sugar Refining......
22
Nat, Power & Light
8
G. Miskin, Esq.,
Amer. Tel & Tel
173]
National Steel Corp.
65
I. S. Morrison, Esq.,
Amer. Tobacco "B"
91
National Supply Corp. ......
T. E. Pearce, Esq.,
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised. Capital $60,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1813
Reserve Funds:""
Paid-Up Capital
£ 6,300,000 Reserve Fund
prietors
.....£3,000,000 ..£3,000,000
£3,000,00€
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-,
Chairman.
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2. Sub-Agencies in London: 117/12, Leadenhall Street, EC.
West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch: 52 Mosley Street, Manchester,
,'
AGENCIES AND BRANCHES:
ALOR STAR AMLITEAR
HARDIN
PENANG
HÙNG TONG YANGOON ILOILO,
BANGKOK
SAIGON
ΒΑΤΑΝΙΑ.
IPOH
SEREMBAN
Previous close Today's close
Amer, Waterworks.....
10
New York Central
157
C. C. Roberts, Esq.,
On Bangkok:-
On Sterling Note:-
Bank Buying Rate"
Bar Silver per ož
20 7/8
Bank Bills, on demand 1088 Credits 4 months' sight 1140..
On Salgon:-
On demand ............. 109 1/4
On Manila:-
On demand
On demand .............
MAY
buyers
buyers
Change
Anaconda Copper
30
Niagara Hudson Power
5+
Hon. Mr. A. L. Shields,
SPO-T
11.
11
unch.
Atchison, T. & S. Fe..
22
N. American Aviation
237
Sic Fandeleur M. Grayburn,
BOMBAY " GALOUTTA
AGENCIES: CLAVE SKET
11'
11
unch
Auburn Motors
14
North American Co.
211
Chief Manager, FAIRLIN PLACE
KARACHI ELANG KOSM KUALA
SHANGHAI
SINGAPORE
SITIAWAN
SOURAMAYA
43
JUNE
JULY-SEPT.
OCT.-DEC
11
11
unch.
Aviation Corp..
71
Northern Pacific
8
CANTON
LUMPUR
TAIFING
יז.
Close
10.73/73
10.45/46
10.60 N
October
کوڈ
>
1019/19
December {
J
10.03/08
January
}
10.03 N
March
}
9.95/95
Spot.
10.90 N
18.70/70
18.43/43
18.18/19
January
18.13 N
4
U. 'S. Dollars
Li
Total sales--4,150 tons,
May
September
May.
Market Report
FROM ROZA BROS. The price for Ready Silver dropped 1/16 yesterday but the Forward rae was "unchanged, the quotations being 20.7/9 and 20.13/ 16 respectively. Silver advices
market reported the
as being featureless.
business A small was done. The market closed steady American Silver was quo- ed at 34.3/4 for Spot.
The London New York Cross- rate was quoted at 402.1/2. New York/London was quoted at 351. 1/2.
Quiet,
Market
Sterling
There were sellers at 1/27/8 April/August and 1/227/32 Sep- tember/January, buyers a 1/2. 29/32 Cash and 1/27/8 October,
U. S. Dollars
The market was steady but quiet.
NEW YORK COTTON: Bombay interest brought a fair volume of realizing sales, but price-fixing was active. The continuation of rains in the Easter belt brought some speculative buying.
NEW YORK RUBBER: There was some good commission house demand and factory accumulation of distant months on apprehen- sion of possible invasion to Netherland Indles. C.I.F. rubber today was in better supply, but 'offerings were easily absorbed. Interest in the market continues broadening.
CHICAGO WHEAT: Coincident with reports that farmers will finance. the Commodity, loans. the bulk of buying" on prospects, of a spread of war developed, which found offering limited. The market elcsed firm and active...
NEW YORK STOCKS: 147.15; Change, of 1.20.
Previous close. 148.35; 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, Jure
NEW YORK COTTON
May
July.
Quiet There were sellers at 21.11/16 Aprü, 21,5/8 May, 21.9/16 June and 21:1/2 July probably first half August, buyers at 21. 3/4 Cash. 21.11/16 May, 21.5/8 July New contract) June and 21.9/16 first half August.
Shanghai Dollars
Sellers a 361, buyers at 361.376.
Shanghal Market
Sterling sellers at 41/8 and U.S. Dollars sellers at 6 for Spot,
AFTERNOON MARKET
The market was dull in the afternoon.
Sterling
Total sales Wednesday:-84,900 bales. "
First notice day for cotton:-1/5/40 and last day 22/5/40.
NEW YORK RUBBER
May. The market closed with sellers
July at 1/27/8 April/August and 1/2 September 27/32 September/January, buyers December at 1/2.29/32 Cash and 1/27/8 October.
The market closed with sellers! CHICAGO WHEAT
at 21.11/16 April, 21,5/8' May. 21.9/16 June and 21.1/2 August, buyers at 21.3/4 April, 2111/16 first half June 21.5/8 July, and
21.9/13 August.
Shanghai Dollars
Sellers a; 301..
Shanghal Market
July
Baldwin Lecometive Baltimore & Ohio
Barber Asphalt Co. Barnsdall Ol
Bendix Aviation.
Bliss Co.
Celanese
Chesapeake & Ohio Chrysler Corpn. ...... Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Gas & Elec. Columbia 6% "A" pf.
11 11
11-1/16
up 1/18
15
Owens-Inois Glass Co....
82
Branchen:
CAWNPORE
KUCHING
TIENTS15
.11
unch.
5
Pacific Gas & Elec
331
Amoy
Jahote
151.
Pacific Lighting
4441
Bangkok
Kobe
Rangoon Saigon
111
Packard Motors
31
Batavia
Kowloon San
CEBU COLOMBO DELHI " HAIPHONG
MADBAS
TONGKAH
MANILA
(Bkuket)
MIDAN
TSINGTAO
FIW YORK
TOKOHAMA
34..
Pan-American Airways
211
Bombay Kuala
Bethlehem Steel
7B1
Paramount Pictures
7.
Calcutta
Lumpur Shanghai
Francisco HAMBURG
PHLPING
Canton
London
181
Pennsylvania K.R.
213
Singapore
Chefoo
Lyons
Boeing Airplane Co.
247
Phelps-Dodge
361
Sourabaya
Colombo
Malacca
Sungai
Borg-Warner
221
Philadelphia Read, Coal
04.
Dairen
Manila
Bridgeport Brass Corp. Briggs Mfg.
Philps Petroleum
381
Foochow
Muar
Patani Swatow
221
Pittsburg Coke & Iron
84*
Brooklyn-M'hattari. Trans. Brooklyn-Manhattan $5 Budd M'facturing Corp. Canadian Pacific R'way Case, JI
221
Public Service of NJ.
411
Bankow
98
Pullman Inc.,
251
Harbin
New York Tsingtao
41
Nailo
Pure Oil
103
51
Radio Corpn. of Am.
Ipoh
67
Reading Company,
Com
15
322
Reading Company, 1st pfd
26*
39
I
Remington Arms Co., Inc.
854
Repubile Aviation Corp.
61
32}
Republic Steel
201
801
Revere Cop, & Brass Inc...
138
611
Reynold Tobac: "B"
43
921
Richfeld Of
71
Commercial Credit Co.
451
Safeway Stores
501
Com, & Southern (Ord.)
11
Schenley Distillers
13.
Prev. Today's High Low Close Close Change
10.77 10.73 10.73 10.74 01 19.70 19.53 19.50 19.63b 13
112) 109) 1093
21 up -1117 644 824 621
.11 *14.07 13.88 14.16 13.88
Consolidated Edison
314
Sears Roebuck
36
Consolidated Ou
74
Shell Union Off
121
477
Continental. Can
| Socony-Vacunum Ol
11
up
up
..
Continental Of
221
Southern Pacife
121
Copperweld Steel
22+
Southern Rly $5 pfd.
204
Corn Products
501
Sperry
423
up
28 off
Curtiss Wright (C.))
101
Spicer Manufacturing Co. 35
& SHANGHAI BANKING COR-
Curtiss Wright. “A”
281
Standard Brands
71"
Opening
Closing
Charige
Deere & Co.
223
Stand Gas & Mec.
11
10.75/75
10.74/74
.01 up
Distillers Corpn. Seagrams
191
Standard Oil of California
224
10.46/47
10.46/48
.01 up
Douglas Aircraft
891-
Standard Oll of N.J.
40+
186
Du Pont de Nemours
Stone & Webster
10.63/63
10.81 N
.01
up
Eagle Picker Lead
117
Studebaker Com
101
Hong Kong. 28th Feb., 1939.
'10.20/20
10.16/16
.03 öff
Eaton Mfg. Co.
351
Swift "International
294
10.07/07
10.06/06
.02 of
391
Elec. Autolite
Technicolor
144
10.03/03
10.00 N
.03 of
Elec. Bond & Share
Texas Corpn.
451
9.96/95
9:93/93
..0% off
Elec. Band & Share $5 pf. 803
Texes Gulf Sulphur..
35
10.91 N
01 up
Elec Bond & Share $6 pt.
68
Timken-Axle ........
25
Ecc. Power & Light 37 pf.
301
Trans-America Co.
54
Fisk Rubber
15'
20th Cent. Fox.
92
Flintkote
181
20th Cent. Fox: $11. pf......
221
Gen. American Trans.
53
Union Bag & Paper Corp.
.2,083,281.50
171
Haiphong (Johore) Tientsin
Mukden Tokyo
Peiping Yokohama
Penang
KANKOW
་
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FLXXD DEPOSIT 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 ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and Fix DEPOSITE 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 reacies na terms which will be business, and claims recovery of quoted ou application.
British Income Tax overpaid, on
Arso up to date SAE DEPOSIT terms which may be ascertained at HOXES in various sizes To Lat any of the Agencies and Branches. Hong Kong, 28th February, 1940.
R. A. CAMIDGE,
HONGKONG SAVINGS
BANK
The Business of the above Bank
THE CHASE BANK
is conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAL
PORATION. Rules may be, obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
BANK OF EAST ASIA, LIMITED
5,598,800.00
Authorized Capital.....$10,000,000.00 Paid-Up Capital ......... Reserve and Undivided
Profits......
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 is entirely owned by THE CHAGE NATIONAL BANK, New York, with Resources of ort U.8.$3,000,000,000.”
D. M. BIGGAR,
Second Vios Pras.
Manager.
19.55/55 19.50/52
Gen: Electric
371
Union Carbide & Carbon
80%
.18.75/77
19.63b 18.80/80 18.55b/601 18.53/53
13 up
Gen. Motors
533
Union Pacific
$51
.10 up
.10 up
Gen, Railway Signal
181
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
United Aircraft
50
Gen. Tire & Rubber
18)
United Airlines Trans
214
18.31/35 18.27 N
13 up 14 up
Board of Directors:
BANK OF CHINA
Glidden Co..
171
United Corpn.
21
Goodrich (B.F.)
171
United Corpn. $3 campf.
371
SIA SHOUSON Chow, Chairman
Specially Chartered by
Goodrich $5 pt.
Goodyear Tire & Co.,
Great Northern Iron Öre.
1097/1091 1092/1098 112/1111 1081/1081 1083/108) 1103/1101 1087/1084 .1081/108 1107/1102 21 up Wednesday's sales:-25,482,000 bushels. CHICAGO CORN
21 up
Great Northern Rly, pfd.
2
קט,
Great Western Sugar
Greyhound Corpn.
Hercules, Powder Co...
Homestake Mining
International Harvester
Sterling sellers at 4.1/8 and U.S. July
Dollars at $ for Spot,
September
621/62) 621/63 "638/631. 641/641
642/641 851/051 661/661
11
*******
up
Int Nickel
1
up
Inter. Paper & Power
11 up
Int. Tel. & Tel.
Johns-Manville
WINNIPEG WHEAT
J. & Laughlin Steel ST pfd.
Shanghai Exchange
May
Shanghai Apr. 19 (Renter).
Official T.T. Rates
July
October
901/901 901/901 911b 93fb
911/91 921/921 941A
1. "up
Kennecott Copper
1
up
11 up
Opening
NEW YORK HIDES
1930/40
London
"0/4
H
June
New York
5-3/4
Japan
India
23-1/2 22-1/8
September
December
Paris
Hongkong
2.94
New York Official
NY-London Cross Rate 3.48-5/8
14.16/16 14.42/43 14.70/70 34-3/4
14.04/07
13.88/88
14.34b/378 14.15/16 14.53/48
14.38/39
888
28, off
High
27 Ofr
155.92 121.41 30. Industrials
35.90 24.14 20 Rails'
32
up
27.70.20.70 20 Utilities
34-3/4 3.51-1/2"
92.22 84.31 40 Bonds
20-3/4 Mellers
Opening Closing
Spat..... 0/4-1/8 0/4-1/8"
0/4-3/84
0/4-3/84 0/3-57/64 0/3-7/8
Apr.
Mny
U.S. Dollars
Spot
$8
$8
Apr.
5-29/32
May
5-29/32 5-21/32
5-11/16
Market:Quiet,
Merchant Rates
Sterling, 0/4-3/32,
U.S. Dollars, $5-15/18
Silver Duty Bate
The Central Bank of China's rate on London at 10 am.. today: was 1/2-1/2.
The Equalisation rate was 9-3/4
per cent.
New York Exchange
New York, Apr. 18 (Reuter),
TT, on London (Opening Rate), 3.50-3/4.
Calcutta Exchange
Calcutta) Apr, 18 (Reuter). T.T. on Japan, - 90-1/8.
SILVER MARKET
LONDON SILVER London, Apr. 18 Reuter), Silver: Market quiet and fea- tureless. Business small. In the afternoon, the market was quiet-
ly steady,
Spot, 20-7/8d. Forward, 20-13/16d.
BOMBAY SILVER Bombay. Apr. 18 (Reuter)
Oftake 25 bars.
Indian Mint Silver.
Market-Qulet.
Ready...... May 1 Bettlement
June 3 Settlement
NEW YORK SILVER
65.67 45.59 11 Commodity Index 81.32
INDO-CHINA
STEAM
NAVIGATION
COMPANY LTD.
WE BEG TO NOTIFY THE PUBLIC THAT, IN
ACCORDANCE WITH ORDERS RECEIVED,
VISITORS WILL NOT 58-02
58-03
BE PERMITTED TO
58-07
BOARD THE COMPANY'S VESSELS
New York, Apr. 18 (Reuter). Biver. Oficial, 34-3/4..
India Rupee Paper
Bombay, Apr. 18 (Reuter). Govt. 31% Rupee, 94 nominal:
IN PORT.
JARDINE, MATHESON & Co., Ltd.
TELEPHONE
30311.
GENERAL MANAGERS.
Wong Chu Son, Esq. | THE NATIONAL GOVERNMENT
Wong Tan Tong, Esq. Kan Ying ro, Esq. Chan Ching Shok, Est. Fung Ping Wah Esq KAN TONG PO, Esq., Chief Manager) LI TSE FONO, Esq., Manager
Branches and Agencies:-
Kovicon
Loudoa
Fensax Gingapore Bangoen. Sodrabaya Saigon 8watom
Melbourne San Fran. Sydney Nagnenks
cisco Tiantain Now York Bestila Vancouvar Paris
Potping
J
OF CHINA AS AN INTERNATIONAL EXCHANGE"
BANK PAID-UP CAPITAL 840,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches ID 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 and Exchange.
Head Office:--SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C
South China Offices:--
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
or shorter CANTON year periods in Local and Foreign Cur SWATOW rencier on terms which will be SHTUCHOW quoted on application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
THE KWANGTUNG PROVINCIAL
BANK
- (Incorporated in Chios) General Banking Esclities and Financial Agente to
The Provincial Government of Kwangtung: Head Ofco-Bhiukwun; Kwangtang Provinės" Boogkong Branch -Queen's Didg., & Chuter Bd. Cable Addressne="PROVINCIAL":2830, 9643. Telephones:
20112, 28113, 20143. 20181, 81681.
BRANCHES THROUGHOUT ·
SOUTH CHINA Correspondents in New York and Lomion Paid Up Capital N$10,000,000. Reserve Capital ...... N$10,500,000:
AUYANG MANLY,
Hongkong Manama,
A Job?
WANT ADS
KONGMOON TUISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government bath at Home and Abroad.
SHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Officer-15, Gracechurch Street, London, ECO
Authorland Capital
Subscribed Capical Paid-up Capitál Resorte Pand and Ben,
BANKERS:
£5,000,000
$1,800,000
£1,050,000
61,232,770
The Bank of England and Midiand. Bank, Ltd. BRANCHES:
Bangkok
Bombay
| Calcutta Colomby
→
Delhi GATJA Bongkang Howrah
Spok Jaffa Kuantan Kandy Karachi...
Kota Bharu
Kuznia Lápán
Kuala Lumpur
Kuala Tranggasa Mudrie
New York
Hangoon
Редиц
Shanghai
Singapore
HONG KONG BRANCH:" "Every dorption of Banking and Bucking business traumotot.
Travellers Chaques Issued, “ TRUSTEE AND EXECUTORSHIP BABY SE UNDERTAKEN
CURRENT ACCOUNTS opened In Lood Ogr. rendy and FIXED DEPOSITS resolvall ́in' Loom)· Carrency, SREELING & 5.9, DOLLABS on terms that may be ascertainad on sgpliastion, ...
D. BENSON,
Masager
631
1. United Gas Corpa,
14
Li Koon Chun, Esq. Li Lan Sang, Eng. P. K. Kwok. Eaq.
22
United Gas Improvement | 12%
141
U.S.. Industrual Alcohol
23}
2:4
US. Rubber
324
277
US. Rubber $8 pfd.
1101
15+
U.S."Steel
593
061
Vanadium
361
561
Vultee Aircraft
101
Azuay
55
Walworth Co..
52
Batavia
Bombay
Manila
301
Warner Bros. Pict.
3
Calcutta
Talphong
19
Westinghouse Elec.
112
31
Woodward Iron Cor.
261
Haokow Honolul
Habe
Semarang Shangha
09.
Chase National Bank
344*
641
National City Bank
271-
381
*-bid.
1-ex. div. DOW JONES AVERAGE
Apr. 19,, 1940.
Low Dow Jones Averages. Apr. 17, High Low Close Change
· 148,35
30 60 74.83
89 01
148.84 148 76 147.15 1.20 off 30.89 30.26 30.30 -.29 off 24.89 24.50 24.60 -23
88.92 109 off 01.00 .58 up Business Done-1,310,000 shares
off