Allis Chalmers ..... Aluminium Ltd. Amer. Can
American Cyanamid B. "...
Amer. & Foreign Power A.
Amer & Foreign $7 pf. ..."
American Gas & Elec.
Amer, Locomotive
April 20
Previous Closing Opening Closing Change
Buyers Buyers 35-3/4
36 cts. 35-7/8 34-5/8, 34-3/4" 34-3/4 33-3/4 33-7/8 34
Amer. Metals Co.,
Amer. Radiator
Amer. Rolling Mill....
up 1/8
Amer. S'ting and Ring Co.
unch."
Amer, Sugar Refining
up 1/8
Amer. Tol. & Tel:
The market was steady. LONDON. RUBBER
Amer. Tobacco "B"
Previous close Today's close
Amer. Waterworks
buyers
buyers
Change
Anaconda Copper
SPOT
11
Atchison, T. & S. Fe.
11
Aubum Motors
11-1/18 Market closed .11-1/8
Aviation Corp.
Baldwin Lecometive
11-1/18
Baltimore & Ohio
July
and
21.9/16 October
יי
December January March Spot
May********
*July
September
Market Report
unchanged Silver prices were on Friday, the quotations remain- ing at 20.7/8 for Ready and 20. 13/18 for Forward, Silver advices reported the market as being quiet and featureless. 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 351.
Quiet.
Market
NEW YORK COTTON: A broad demand developed after the opening call under a moderate amount of new, speculative purchases. The South and Bombay interests were small sellers. The weather In the Eastern belt is now less favourable thin formerly.
NEW YORK RUBBER: A feature was the switching from near to distant months. The "Trade bought near the close with dealers hedging against shipment purchases..
CHICAGO WHEAT: Rains and cooler weather in the South- West caused an early easiness, but there has been no pressure; ex- cept by local interest evening-up... Prices rallied later on some re- placement of sold out lines on further reports of frost damage.
NEW YORK STOCKS: Previous close, 146.80; Today's close, 147.67: Change, up .87.
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
Sterling Sellers at 1/2.7/8 April/Septem-
and
October/ ber
1/2.27/32 January, buyers at 1/2.29/32 Cash and probably 1/27/8 October.
V. S. DollarS Quiet. There were sellers at 21.11/16 April, 21.5/8 May, 21.9/16 June and probably 21.1/2 July, buyers at 213/4 Cash, 21.11/16 July (New contract) May, 21.5/8 June July:
Shanghai Dollars
Sellers at 361 for Spot. Shanghai Market
Sellers of Sterling at 4.1/8 for Spot and US. $8 for Spot.
Shanghai Exchange
Shanghai, Apr. 20 (Reuter).
Official T.T. Rates
Total sales Friday:-44,300 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER
Barber Asphalt Co.
Barnsdall' Ou
Bendix Aviation
Bethlehem Steel.
Bliss Co.
Boeing Airplane Co.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING · QUOTATIONS
APRIL 20, 1940
On London:-
Telegraphic
Transfer. i 13/18
Bank Bills, an demand 1/2 13/18
Credits 4 months' sight 1/3 1/8
On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:-
350
53 1/2
DI 1/2
Telegraphic Transfer. Jes -1/4
and demand.
On New York:-
Bank Bills, on demand 21.-1/8 Credits, 60 days' sight 92.3/8
On Batavia:-
On demand ............... 39 7/8
On Paris:-
Bank Bills, on demand 1088 Credits 4 months' sight 1440
On Saigon:-
- 108 1/4
On demand
On Manila:-
On demand
43
On Bangkok:-
On demand
150
On Sterling Notes:-
Bank Buying Rate ....1/4
Bar Silver per oz.
90 7/8
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUİLDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York. April 20, 1940.
SINGAPORE RUBBER
SPOT JULY-SEPT,
OCT.-EC.
MAY
JUNE
JULY-SEPT.
OCT.-DEC.
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S ÉZKVICK).
STOCKS
Adams Expressį Alleghany Steel Co. Allied Stores
Last Sale
APRIL 21, 1940 STOCKS
Last Sale Apr, 20
Lakey Foundry & Mac.......
MONDAY, APRIL 22, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... 850,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1883
Reserva Funds:
Paid-Up Capital "S 6,800,000 Reserva Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
£3,000,000
...£3,000,000
prietors
£3,000,000
HEAD OFFICE: LONDON:
Chairman.
Deputy Chairman.
38, Bishopsgate E.C.2
Sub-Arenales In London: 117/18, Leadenhall Street, E.C.L West End Branch:
14/16, Cockapur Street, S.W.1. Manchester Branch: 52. Mosley Street, Manchester, S.
AGENCIES AND BRANCHES:
HARBIN GONG KONG
ALOE STAR AMBITEAR BANGKOK BATAVIA
PENANG LÀNG001
BAIGON
SEREMBAN
SHANGHA
110110 IPOH -KARACHI
FLANG
BOMBAY
CALOUTTA
AGENCIES: ULLY STRET
KODE
Chief Manager, FAIRLY PLAC
KUALA
LUMPUR
גו
BINGAPORE
SITIAWAN SOURABAYA
TALPING
TIENTSIN
Apr. 20
71.
Kennecott Copper
301
227
4:
B
Libbey-Owens-Ford
Glass
40
Sterling
331
Lockheed Aircraft
401
100+
Loew's Inc.
Reserve Liability of
34
Proprietors
.$90,000,000
115)
Loft Incorperated
341
391
Mack Truck Inc.
254
Head Office:-HONG KONG
11
Martin, Glen L
451
25
McKesson & Robbins, pl4. 254
35"
Monsanto Chemical
113
Board of Directors: H. V. Wilkinson, Esq.,
-*-*
19†
Montgomery Ward
501
22
National Aviation
143
Hon. Mr. J. J. Paterson,
8+
Nat Dairy Producia
18+
151
Nat Distillers
251*
51
National Gypsum
101
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. . H. Dodwell,
22+
National Lead
201
174
Nat. Power & Light
G. Miskin, Esq.,""
8
K. 8. Morrison, Esq.,
90+
National Steel Corp.
#5
T. E. Pearce, Esq.,
10
National Supply Corp.
8
C: 0. Roberts, Esq.
31
New York Central
- 181**
Hon. Mr. A. L Shields,
221
Niagara Hudson Power
5
11
N. American Aviation
24
Sir Vandeleur M. Grayburn;
7
North American Co......
151
Northern Partie
‡
41
Owens-nois Glass Co.
621
147
Pacie Gas & Elec
Amoy
·331
Branches: Johore
CANTON CAWNPORE
KUCHING MADRAS
Bangkok
Kobe
Rangoon Saigon
CZBU [COLOMBO
TONGLAN
MANILA
(Bhuket)
11
Paciic Lighting
44
DILAI
MEDAN
TSINGTAO
Batavia
Kowloon SAM
344
Packard Motors
KAIPHONO
NEW YORK
YOKOHAMA
31
Borg-Warner
Bridgeport Brass Corp. ...
Briggs Mig. ....
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $8.... Budd M'facturing Corp. Canadian Pacific R'way Case, JL
Celanese
Chesapeake & Ohio
Chrysler Corpn.
Cilmax-Molybdenum Co.
Colts Patent Fire-Arms
Columbia Gas & Mec.......
Columbia 6% "A" pi.
Prev. Today's High
Close Low
Close Change
10.75 10.89 10.71 10.75 .04 up
19.77 19.77. 19.58
19.58 19 of 1117 1104 1101 1111 85 64 651 641 14.03 13.99 13.93, 13.99
Commercial Credit Co.
Com, & Southern (Ord.)
Bell Aircraft Corp. Consolidated Edison
i up
Consolidated Of
4 up .08
Continental Can
קנן
Continental Ol
Close Opening 10.71/71 10,70/69 10.43/44 10.42/42
Closing
Change
Copperweld Steel
Corn Products
10.75/75
.04 up
Curtis Wright (C)
10.48/48
.05 up
Curtis Wright “A”
10.59/59
10.57/57
10.64 N
.05 up
Deere & Co.
}
10.09/09
10.03/08
20.14/14
.05 up
Distillers Corpn. Seagrams
9.98/98
9.96/96
10.03 N
.05 up
Douglas Aircraft
9.93 N
0.91/91
9.98 N
.05 up
Du Pont de Nemours
3
9.85/85
9.82/82
10.87 N
9.89/89 10.91. N
.04 up
Eagle Picher Lead
.04 up
Eaton Mig. Co.
Elec. Autolite
Elec, Bond & Share...
Elec. Bond & Share $5 pi.
Flee Bond & Share $6 pf:
19.77/77
19.00/02
19.60b/75a 19.58/60 18.98/99
:19 of
19.08/08
.08. up
18.67b
18.67/70
18.72/74
05 up
Elec. Power & Light $7 pf. Fisk Rubber Flintkote
Opening
December
18.47/47
18.50/50
.03 up Gen. American "Trana,
January
18.42 N
א 18.44
.02 p
Gen. Electric
Londer.
0/4
22
New York
5-3/4
Total sales:-1,240 tons.
Gen. Motors
Gen. Railway Signal
Japan
23-1/2
CHICAGO WHEAT
Gen. Tire & Rubber
India"
22-1/8
May
Paris
2.94..
July
1107/1107 4.1097/1091
Hongkong
26-3/4
September
1104/1108 - 111}/1114 1091/1991 1097/1097 1097/1093 1097/109) 110/1097
up
Glidden Co.
i up
Goodrich (B.F.)
up
Goodrich $5 pf. .........
Xellers
Opening Closing
Friday's sales-37,595,000 bushels.
Goodyear Tire & Co.
Great Northern Iron Ore ...
Spot
0/4-1/8 074-1/8
CHICAGO CORN
Great Northern Rly, pfd.
Apr.
0/4-3/64 .0/4-1/16"
May
043/848 641/64
641/641
May
0/3-7/8 0/3-57/64
July
65+/65)
852/05/
U.S. Dollar
September
6617801
863/661
$9:5
up Great Western Sugar
up
Greyhound Corpn.
up
Hercules Powder Co,
Spot
$6
$6
WINNIPEG WHEAT
Homestake Mining
Apr.
5-29/32
International Harvester
May....
May
July October
911b 921/921
91/91
911/911
unch.
Int Nickel
9446
927/927 941A
קט !
.
Inter. Paper & Power ......
+ "up
Int. Tel, & Tel.
NEW YORK HIDES
Johns-Manville
June
13.93/95
14.21/24
14.45 N 34-3/4
13.92b/98a 13.99/99 14.21/22 14.25/28 14.45h/50a 14.48 N
unquoted. 3.53
.06 up
J. & Laughlin Steel $7 pfd.
.03
קט 04.
כט
1939/40
High Low Dow Jones Averages.
155.92 121.41 30 Industrials
35.90 24.14 20 Raila
27.70 20.70 20 Utilities
29.99 84.51 40 Bonds
5-29732
-5-21/32 5-21/32
Market:-Quiet"
Merchant Rates
Sterling, 0/4-3/32,
US Dollars, $5-15/16,
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 9-3/4 per cent
New York Exchange
New York, Apr. 20 (Reuter), TT. on, London (Opening Rate). 3.51-3/4...
Calcutta Exchange
Calcutta, Apr. 20 (Reuter). T.T. on Japan, 89-7/8.
India Rupee Paper
Bombay, Apr. 20 "(Reuter). Govt, 30% Rupee, 94-03-0.
LONDON METALS
EXCHANGE London, Apr. 19 '(Reuter).
וי
TIN
buyers sellers
£
Standard, Cash 254 Standard,
E 255
248-1/2
3 months 248 Standard,
Betment Price 254 Straits
275 to 280
September
December
New York Official NY-London Cross Rate 3.51
FEDERAL RESERVE SYSTEM
Bills Bought
U.S. Securities held
Federal Reserve Ratio
Federal Reserve Credit Outstanding Monetary Gold Stock Industrial "Advaṇor
SILVER MARKET
BOMBAY SILVER“ Bombay, Apr. 20 (Reuter). Market-Quietly steady. Offtake 25 bars.
Indian Mint Silver
Ready May 1 Bettlement June 3 Settlement
57-14 57-14
58-02.
+
New York, April 18 '(Reuter). Apr. 13 (1939) Apr. 11′′ Apr. 18
-(000's omitted)
1,000 2.504,000 2,467,000 2,467,000
84.81% $8:06%
£8.06% 21.584.000 2,500,000 2,514,000 15,430,000 18,523,000 18,631,000 13,879,000 9,875,000 9,882,000
LONDON MONEY
re-
MARKET LONDON, Apr. 21 (Retuer)-In the Money Market War Loan and Treasury bill payments were spons-ble for the active turn-over during the week but all require. ments were easily met at current.: rates.
The applications for the 250,- 000,000 treasury bills amounted to £111,075,000. The market... only.
BROKERS LOANS received: 31 per cent of their
New Zork, Apr. 18 (Router). Loan on securities to brokers in NewYork
Week ended so
Week ended Week Apr 13 (1939) Apr. 117 Apr, 18 $541,000,000-$489,000,000*$479,000,000
requirements compared to 552. per cent last week. ̈ ̈*
Bills were allotted at the aver- ager ate of £1. 6874, which is over one penny per cent. in fa- vour of Treasury.
Wall Breet closed 'firm.
1}
(Jobors) Tientsin
Rankow Mukden Tokyo
HANKOW
PRIPING
(Peking)
FORSTON EXCHANGE and General. Banking Business transacted.
CURRENT 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 ACCOUNTS also opened in. Local Currency and Sterling with opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS 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 rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
ALSO up to date Sara DEPOSIT terms which may be ascertained at Box in various sizės To Lay 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: 26th Feb., 1938. -
2,983,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SIR SHOUSON CHOW, Chairman Li Koon Chua, Esq, Li Lan Bang, Esq. P. K. Kwok. Enc,, Wong Chu Son, Esq. Weng Yan Tong, Esq. Kan Ying Pa, Raq. Gian Chồng Choi, Đống Đang Bắc Ninh Eng KAN TONG PO, Esq., Chief Manager LI TSE FONG, Esq., Manager
Batavia
Branches and Agencies:-
Kerloca Loudon
Pensag Singapore Rangoon Bourabaya Balon Swstow Melbourne San Fran. Sydory Magnants
caco Tinti
Vancouver
New York Seattle
Peiping
Shanghai
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINK STREET,
NEW YORK. 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 CHASE NATIONAL BANK, Naw Toex, with Resourous of OTHE U.9.$2,100,000,000.
D. M. BIGGAB,
Second Vice Pres
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 Branahes 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 and Exchange,
Head Office:-SHANGHAI,
"Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices:
Every description of Banking and Exchange business transacted. Lonos granted on approved securities.
Current Accounts opened in Loas! Currency and Fixed Deposits re- ceived for one year or shorter SWATOW
SHIUCHOW
periods in Local and Foreign Cur. rencies on terms which will be quoted on application.
SAVE DEPOSIT Boxes To LET.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
TO
SWATOW, BEANOḤAL, TSINGTAU, CHEFOO
and TIENTSIN
SINGAPORE, PENANG and CALCUT.
KOBE and OSAKA
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 tom
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOXII ~ GENERAL MANAGERS
CANTON
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
(Incorpoented in Milan)
General Banking Facilities and Mosocial Agente le
M
The Provincial Government of Xwangtung - Head Office-blokwia, Kwangtang Province Hongkong Branch -Queen's Uldg., à Chater Ed. Cable Addtimes-"PKOVIKOTAŽ” 2889, 942.
› Telephones:- 20112, 20113, 20143, 20181, 31881.
· BRANCHES THROUGHOUT « SOUTH CHINA.. Correspondents in Naw Tork and London
|Paid Up Capital. N$10,000,000.
Reserve Capital
N$10,500,000.
AUYANG "M,NLY,
Hongkong Madster.
AJobz
WANT ADS
Bombay
Kuala
Francisco
. 801
Pan-American Airways
221
Calcutta Lumpur Shanghai,
HAMBURG
18
Paramount Pictures
71
Canton
Londoa
Singapore
25.
Pennsylvania X.R.
22ł
Chefoo
Lyons
Bourabaya
221
| Phelps-Dodge.
371
Colombo
Malacca
Sungei
Dairen
Manila
11
Philadelphia Read, Coal
Foochow
Muar
"Fatani Ewatow
221
Phillips Petroleum
381
227
Pittsburg Coke & Iron
Haiphong
81*
98*..
Public Service of N.J.
41!
Harbin
51
Pullman Inc.
25+
Iloilo
New York Tsingtao Peiping
Yokohama
54
Pure Of
Ipob
Penang
67"
Radio Corpn. of Am, .....
61
33
Reading Company,
Com
15+
CURRENT
ACCOUNTI
-391
Reading Company, 1st pid
277*
Remington Arms Co., Inc.
41*
381
Republic Aviation Corp.....
80
Republic Steel
· 21;
et
Revere Cop, & Brass Inc. ..
131
92*
Reynold Tabac. -- "B"
421
458
Richfield Ol
7
Safeway Stores
50+
281
Schenley Distillers
131
313
Sears Roebuck
35+
77
Shell Union Oil
13
481
Socony-Vacunum Oi
.11
23-4
Southern Pacific
12}
241
Bouthern Rly $5 pfd.
27
591
Sperry
431
101
Spicer Manufacturing Co. 351
201
Standard Brands
7
221
Stand Gas & Elec.
1}
An
וי
19
Standard Of "of California
221-
901
Standard Ou of..N.J.
404
1881
Stone & Webster.
91
11
Studebaker Com
11
341
Swift International
291
40%
Technicolor
144
61
Texas Corpn.
46
BANK OF EAST ASIA, LIMITED
601,"
Texes Gulf Sulphur
347
88*
Timken-Axle
251
321
Trans-America Co.
51.
...15*
20th Cent. Fox.
91
101
20th Cent. Fux, $li pf. .....
217*
Authorised Capital...... 10,000,000.00 Paid-Up Capital ......... 5,508,800,00 Beserve and Undivided
Profits
52
Union Bag & Paper Corp.
37
Union Carbide & Carbon
801
531
Union Faciác
951*
19
United Aircraft
501
181
United Airlines Trans
21}
17
United Corpa
21
...........
17}
United Corph. $3 cum pl.
371*
641*
United Gas Coron,
me
12
United
Gas Improvement
12
147
U.S., Industrual Alcohol.
241
261
US. Rubber
32
281
UB. Rubber $8 ̈pfd.
1041
15+
U.S. Steel
611.
от
Vanadium
39
Amoy
561
Vultee Aircraft
102-
Bona bay
Mazuila
55+
Walworth' Co.
51
Oxlentés
Haiphong
311
Warner Bros. Pict.
31
Bankow
193
Westinghouse Elec.
Honglelu
Prebe
Semarang
1124
Kobe
34.
Woodward Iron Cor.
261*
68
Chase National Bank
344*
62
National City Bank
274"
→→→→bid.
1x div. DOW JONES - AVERAGE....
2465
88.89
85.67 45.59 11 Commodity Index 61.85
Apr. 21, 1940. Apr. 19, High Low Close Change
148.80 148.00 14691 147.67
.87 up 30 37 30.08 30.48 .30.60"
.23 up 24.70 24.50 24.63 .13 up
88,90 61.78 Business Done :-780,000 shares
.01 up .14 up