380
On demand
5% 1/2
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 23, 1940
On London:-
Telegraphic Transfer. 1/2 13/13 Bank Bills, en demand 1/1⁄2 13/18 Credits 4 months' sight 1/3 1/s On Shanghai:-
On demand
On Singapore:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.).
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S BEEVICE)
STOCKS
Adams Express "Alleghany, Steel Co.
Allied Stores
Allis Chalmera
Last Sale
Apr. 22
71
Kennecott Copper
24 Lakey Foundry & Mac, .............
3!" "Libbey Owens-ford
APEIL 23, 1940 STOCKS
Last Sale
Apr. 22
36
**
Class
491
Sterling
341
Lockheed Aircraft
.391
{Aluminium Ltd. ..........
Amer. Can
101
Loew's Inc.
Reserve Liability of
341
"Proprietor
$20,000,000
115!
| Loft Incorperated
341
WEDNESDAY, APRIL 24, 1940.
BANKS
·HONGKÒNG⋅ & SHANGHÁI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. 850,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 18Ms
Reserve Funds:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Paid-Up Capital £6,500,000 Reserve Fund.....
£5,000,000
£3,000,000
prietors
£3,000,00€
'HEAD OFFICE:, LONDON:
American Cyanamid B. Amer. & Foreign. Power
·Amer & Foreign $7 pf.
391
Mack Truck - İne.
261
Head Office:--HONG KONG
13
Martin, "Glen L
442
-1
253
McKesson & Robbins, pra.
26
Board of Directors:,
On Japan:-
On demand
92
Previous
April 22
On India:-
Telegraphic Transter 82 1/4 -
and demand
On New York:--
Bank Bills, on demand 21 6/5 Credits, 60 days' sight 2
SINGAPORE RUBBER
New York, April 22, 1940," Closing. Opening Closing Change
American Gas & Elec. Amer. Locomotive Amer, Metals Co.,
35.
Monsanto Chemical
113
H. V. Wilkinson, Esq.,
201
Montgomery Ward
511
211
Amer. Radiator ..........
81
Buyers Buyers
Amer: Rolling "MINI"
15
Nat, Distillers
36 cts.
38 ets.
SPOT
1/2
JULY-SEPT. OCT.-DEC.
34-3/4
34 *
34-3/4 34
35-7/8 34-1/2 33-5/B
off 1/8
Amer. B'ting and Ring Co.
501
off 1/4
Amer. Sugar Redning
221
of 3/8
Amer. Tel, & Tel.
174
| National Aviation
Nat, Dairy Products
National Gypsum
National Lead
Nat, Power & Light
.11
Hon. Mr. J. J. Paterson,
181
251
101
Deputy Chairman: J. K. Bousfield, Esq., A. H. Comptan, Esq.,
201
Hon. Mr. S. H. Dodwell,
8*
G. Miskin, Esq.,...
K. 8. Morrison, Esq.,
On Batavia !----
On demand
On Paris:-
40 1/8
The market was quiet. LONDON RURBER
Amer. Tobacco "B"
901
National Steel Corp.
65+
T. E. Pearce, Esq...
اد.
BATAVIA
Chairman.
38, Bishopsgate E.0.2 Sub-Agencies In" London: 117/19, Leadenhall Street, EO
West End Branch: " 14/15, Cockapur Street, S.W.). Manchester Branch:
52. Mosley Street, Manchester,. .
ALOE STAR AMRITSAR
AGENCIES AND BRANCHES:
HARBIN HONG KONG ILOILO IPOR
BANGKOK
PENANG RANGOON BAIGON
Previous close Today's close
Amer, Waterworks
91
National Supply Corp.
8
C. O. Roberts, Esq.,
- buyers
buyers
Change
Anaconda Copper"
303
New York Central
161
Hon. Mr. A. L. Shields,
Bank Bills, on demand 1098
Credits-4 months' sight 1140
11
10-15/16
DE 1/16
SPOT
Atchison, T. & 8, Fe.
223
Niagara Hudson Power ...
51
11
10-15/16
off 1/10
נ -
Auburn Motors
N. American Aviation
233
MAY
On Saigon:-"
On demand
...... 108 1/4
JUNE
11-1/16
11
of 1/16
Aviation. Corp.
73
North American Co.
217
JULY-SEPT.
Op Manila:-
On demand
43 1/4
OCT.-DEC.
11-1/8 11-1/16
11
of 1/8
Baldwin Lecometive
18
Northern Paclic
8+
Branches;
11
of 1/16
Baltimore & Ohio
4.
Owens-Illnois Glass Co....
83
Amoy
On Bangkok:-
On demand.............. 160
On Sterling Notes:-
"
Bank Buying Rate
... 1/4
Bar Silver per oz
21 1/4.
!
July (New contract)
October.. {
December { January ( March ( } Spot.
}
"
+
July
Sterling
was
September
reported. 1/2.29/32
December
January
Total sales-3,000 tons. CHICAGO WHEAT
May
July.....
"
sellers
September
Saturday's sales:-20,211,000 bushels.
CHICAGO CORN
May
July
September
WINNIPEG WHEAT
May
July
October
NEW YORK HIDES
June
Market Report
FROM. ROZA BROS Silver prices rose yesterday to the extent of 3/8 for Ready and 5/16 for Forward. the quotations being 21.1/4 and 21.1/8 respective- ly. Silver advices reported India as having boughs. The market was steady with buyers satisfied, American Silver was quoted at 343/4 for Spot.
cross-
The London/New York rate was quoted at 402.1/2, New York/London was quoted at 353. 3/8.
Market
Steady but quiet
Sterling
There were sellers at 1/229/32 April, probably May and 1/27/8 June/November. buyers at 1/2.15/ 16 Cash and 1/2.29/32 August.
***U.S. Dollars
Quiet. There were sellers at 21. 13/16 April,, 21.3/4 May and 21.11/ 16 June, buyers at 21.15/16 Cash, 21.7/8 May and 21.13/18 June.
Shanghai Dollars
Sellers at 361.
Shanghal Market
Steady Sterling at 4.1/8 and U.S. Dollars at 6.1/16 sellers for Spot..
AFTERNOON MARKET
The market showed independent NEW YORK COTTON: strength. Crop deterioration complaints are beginning to
easily on scattered from the Texas section and prices advanced Trade and Far Eastern buying, price-fixing operations being more liberal. Faced with a short Chinese cotton crop, it is expected that Japan may increase heavily its purchases of American cotton.
of the possible NEW YORK RUBBER: Less apprehension Japanese "protection" of the Netherland East Indies and reports of hay arrivals were today's depressing influences.
||
CHICAGO WHEAT: Early advance on reports of, damage as a result of the recent freezing and thawing met heavy profit-taking and scattered loan liquidation. The market is very susceptible to crop scares.
NEW YORK STOCKS: 148.01; Change; up .34.
Previous close, 147.67; Today's close,
NEW YORK COMMODITY MARKET
New York Cotton, May New York Rubber, May Chicago Wheat, May.... Chicago Corn. May New York Rides, June NEW YORK COTTON May
July
Total sales Saturday:-30,200 bales.
First notice day fer cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER
The market was quiet in the May
af ernoon.
No business clcsing with sellers at
April/May and 1/2.7/8 June/Nov-
ember, buyers at 1/2.15/16. Cash
and 1/2.29/32 August.
U.S. Dollars
The market closed with
at 21.13/16 April, 21.3/4 May and 2111/16 June, buyers at 21.15/16 for Cash, 21.7/8 May and 21.13/16 June.
Shanghai Dollars
381 sellers for Spot.
Shanghai Exchange:
Shanghai. Apr. 23 (Reuters.
Oficial T.T. Rates
Bliss Co.
After ruling steady, the market eased on May liquidation but closed quiet.
Barber Asphalt Co. Barnsdall Ol
154
Pacific Gas & Elec
331
Sir Vandeleur, M. Grayburn,
Chief Manager.
Johore Rangoon
BOMBAY DALCUTTA
AGENCIES
ÜLIVE STREET FAILIK PLACE
DANTON
KOBE KUALA
Bangkok
Kobe
Saigon
11
Pacific Lighting
444
Batavia
Bell Aircraft Corp.
281
Packard Motors
32
Bombay Kuala
Francisco HAMBURG
| Bendix Aviation
341
Fan-American Airways
211
come
Bethlehem Steel
811
Paramount Pictures
7
Jantoo
London
Singapore
191
Pennsylvania R.R.
Chefoo
Lyons
Sourabaya
Boeing Airplane Co.
251
Phelps-Dodge
Colombo
Malacca
37
Sungei
Dairen
Manila"
Borg-Warner
Philadelphia Read, Coal
Foochow Muar
Bridgeport Brass Corp.
11
Phillips Petroleum
39
Haiphong
Briggs Mig.
221
Pittsburg Coke & Tron
81*
Bankow
Brooklyn-M'hattan Trans.
*22]
Public Service of N.J.
411
Harbin
Brooklyn-Manhattan $8...
98)
Pullman Inc.
251
Iloilo
Budd.. M'facturing Corp.
51
Pure 01
11
Ipoh
Penang..
Canadian Pacific R'way
51
Radio. Corpn. of Am.. .......
Саве, Г.І
67**
Reading Company,
Com
151
CURRENT
Celanese
341
Reading Company, 1st pfd. 28*
Chesapeake & Ohio
39+
Remington Arins Co., Inc. 4+*
Chrysler Corpn.
87
Republie Aviation Corp.
81
Climax-Molybdenum Co.
39
Republic Steel
211
Colts Patent Fire-Arms
30
Revere Cop. & Brass Inc.
131
Columbia Gas & Elec, i
મ
Reynold Tobac. "B"
43
Columbia 6% "A" Pt.
891
Richield On
71
Kowloon San
Calcutta Lumpur Shanghai HANKOW
Patani
Swatow (Johore) Tientsin. Mukden Tokyo New York Tsingtao
Yokohama Peiping
MEDAN
NEW YORK PRIPING
(Peking)
TIENTSIM TUNGKAN
(Bhuket)
TEINGTAO
ΤΟΞΟΠΑΜΑ
FOREIGN EXCHANGE and General Banking Business transacted...
CURRENT ACCOUNTS. opened and FIXED DEPOSIT received for. Ons Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
4
Savings Accounts also opened in Local Currency and Sterling with ACCOUNTS opened in interest allowed at rates obtainable LOCAL COBRENOY 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 ronoies on terms, which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
Also up to date Sarz Durosir terms which may be ascertained at Boxes in various sizes To Lar
any of the Agencies and Branches. Hong Kong. 28th February, 1940.
R. A. CAMIDGE,
KEREMBAN
LARACHI ILANG
SHANGHAI
SINGAPORE
BITIAWAN
BOURABAYA
CIA WNPORE
LUMPUE KUCHING.
TAIPING
MADBAS
CENT
COLOMBO
MANILA
DELHI
HAIPHONG
(REUTER'S SERVICE)
il
Commercial Credit Co.
451
Safeway Stores
501
Manager...
Close 10.75/75 10.48/48
Opening
Prev. Today's" High Low Close Close Change
10.80 10.73 10.75 10.80 .05 up 19.42 19.07 19.58 19.08 .50 off 113 1107 111 1111 ₤ up 651 644 641 65 ì up
13.99 14.03. 13.78
13.76b 23 off Closing
Com, & Southern (Ord.)
Schenley Distillers
131
HONGKONG SAVINGS
Consolidated Edison
313
Sears Roebuck
851
Consolidated o Continental Can Continental On
71
Shell Unión Ofi
13
461
Socony-Vacunum Oll
11
231
Southern Pacific
12+
Copperweld Steel
241
Southern Rly $5 pfd.
261
Corn Products
801
Sperry
441
Curtiss Wright (C.)
101
|Spicer Manufacturing Co. · 35+*
Change
Curtles Wright "A"
29+
Standard Brands ~
73
10.74/74
10.80/80.
.05 up
Deere & Co.
231
Stand Gas & Bec. .....................
10.46/46
10.52/53
.04. up
Distillers Corpn. Seagrams
19)
Standard Oll of California
223
10.64 N
10.62/82
10.67 N
.03 up
Douglas Aircraft
893
Standard Oil of NJ.
401
FI
10.14/14
10.14/14
10.21/21
.07 up
Du Pont de Nemours
1871
Stone & Webster
9%
10.03 N
10.03/03 10.11/11
.08 up
Eagle Picher Lead
104
| Studebaker Com,
11.
9.98 N
9.89/89
9.98b/10.00a 10.05 N 9.89/89
.07
up
Eaton Mfg. Co.
35
Swift International
30
9.95/95
06 up
Elec, Autalite
40
Technicolor
144
10.91 N
10.96 N
.05 up
Elec. Bond & Share .......................
BL
Texas Corpa..
40%
Elec. Band & Share $5 pt.
61
Texes Gulf Sulphur
241
Elec Bond & Share $6 pr.
69
Timken-Axte
261
Elec. Power & Light $7 pt.
321
Trans-America Co. ......
19.58/80
19.41/42
19.08/08
.50 off
Fisk Rubber
142*
20th Cent. Fox.
91
19.08/03 18.95/90
18.68/68
.40" off
Fiintkote
18
20th Cent. Fox, $1į pf.
211
BANK
The Business of the above Bank
THE CHASE BANK
is conducted by the HONGKONG 18, QUEEN'S ROAD, CENTRAL
SHANGHAI BANKING COR
PORATION. Rules may be obtain-
ed on application..
For the HoxGKONG & SHANGRAI BANKING CORPORATION.
V.M. GRAYBURN,
Chief Manager. Hong Kong. 95th Feb., 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital 6,598,800.00 Reserve and Undivided
Profits
.2,083, 981.30
18, PINE STREİ,
NEW YORK. An American Bank offering com.
plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
HAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHABE NATIONAL BANE, New Yox, with Besources of evil 1.8.$2,900,000,000,
D. M. BIGGAR,
Second Vice Prsa,
HEAD OFFICE:
18.72/74
18.64/64
16.45/45
27 off
Gen. American Trans.
-52
Union Bag & Paper Corp.
181
18.50/50
18.15/18
.35 off
Gen. Electric
371,
Union Carbide & Carbon
32
18.44 N
18.10 N
.34 off
Gen. Motors
630
Union Pacific
98
Gen. Bailway Signal
177
United Aircraft
51
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
BANK OF CHINA
Gen. Tire & Rubber
1111/1111
1097/1093
110/109%
110/1307 1097/1091 1097/1091
1118/1114 1093/1091 1091/1091
+ up 1 off
Glidden Cc.
Goodrich (B:F.)
off
Goodrich $5 pt.
Goodyear Tire & Co.
Great Northern Iron Ore ..
647/641
041/042
651/651
654/662
85/65 857/86 661/654
# up
Great Northern Rly, pfd.
up
Great Western' Sugar
1 up
Greyhound Corpn.
Hercules Powder Co
911/911
911/911
923/921
041A
91D 92 b unreed
1" off
Homestake Mining
unch.
International Harvester
Int Nickel
r
Inter. Paper & Power
13.99/99
Opening
September
14.25/28
London
New York
Japan
India
Paris
0/4
December
14.48 N
14.23/23 14.50/50
13.90b/14.05a, 13.76 B. 14.01/01 14.26b/29a
.23 off
Int. Tel, & Tel
24 of
Johns-Manville
.22 off
J. & Laughlin Bteel 57 pfd." 62"
5-3/4
New York Offeïal
unquoted
23-1/2
1939/40
155.92 121.41 30 Industrials
Hongkong
Spot
Apt.
May
Spot
Apr.
May
22-1/8 2.94 .:28-3/4 Hellera Opening Closing
0/4-1/8 0/4-1/8 0/4-5/64 0/4-3/32 0/3-29/32 0/3-59/64..
U.S. Dollars
$6-1/32 $8-1/32
5-31/32 6 5-11/18
Market:-Quiet.
5/-23/32
Merchant Rates.
Sterling. 0/4-3/32:
U.S. Dollars, ·$0.
Silver Duty Bate
The Central Bank of China's rate on London at 10 am, today was 1/2-1/24.
The Equalisation rate
'per cent
New York Exchange
NY-London Cross Rate 3.53
SILVER MARKET
LONDON SILVER
London, Apr. 22 Reuter), Silver: India bought." Small.!" Offerings. Bustness moderate. Market steady. Buyers satisfied. In the afternoon, the market was steady, with small buyers at the rate but no offerings.
Spot, .21-1/44,
was 12.
New York, Apr. 22 (Reuter). T.T. on London (Opening Rate). 3.53-1/2.
Calcutta Exchange
Calcutta, Apr. 22 (Reuter), TT, on Japan, 89-1/2.
India Rupee Paper
Bombay, Apr. 22 (Reuter). Govt. 3 Rupee, 94 nominal.
Forward, 21-1/8d.
BOMBAY SILVER
Bombay, Apr. 22 (Reuter). Market.Quietly steady. Off-
take 50 bars.
Indian Mint Silver
Ready
58-04 May 1 Settlement .... 58-04 June 3 Settlement 58-08
NEW YORK SILVER New York, Apr. 22 (Reuter). Silver. Oficial, 34-3/4.
LONDON METALS
EXCHANGE London, Apr. 22 (Reuter)».
WIN
buyers schlers
£
£
Standard Cash 252-3/4 255 Standard,
3 months 247 247-1/4 Standard.
Bet'ment Price 252-3/4 ·. Straits....... 273 to 278
34-3/4 3.53-3/8
LONDON GOLD
London, Apr. 22 ¿Retter). Bar Gold. Fine per oz., 168.
High Low Dow Jones Averages. Apr. 20, High Low Close Change
35.90 94.14 20 Rails 27.70 20.70 20 Utilities 32.88 8451 40 Bonds
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
"TO-
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA 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 to
JARDINE MATHESON&Co.,LTD. TELEPHONE SOXII. GENERAL MANAGERS
SIR SHOUBON Cnow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Sen, Esq. Wong Yan Tong, Esq. Ken Ying Po, Lag, Chan Ching Shez, Esq. Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager LI THE FONG, Esq., Manager
Branches and Agencies:
Korbon Loudon
Padang
Hangoon
Gingsporn
Bourabaya Swstaw Malhotras San Fran» Bydney.
cisco Tantain New York Seattle VLOGY OF Hankow 1onolulu Paris
Peiping
Shanghai
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 year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE CEPOSIT Boxes To LET.
KAN TONG PO.
Chief Manager.
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in Chiza) General Banking Facilitive and Financial Agents to The Provincial Government of Xwangtang Head Office-Shiukwan, Kwangiang Province
·Hongkong Branch-Queen's faldg., 6 Chater Rd, Osble Adirases"PROVINCIAL" 2013, 9442 #
Telephones:
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London
N$10,000,000. Paid Up Capital Reserve Capital ...... N$10,500,000.
AUYANG MANLY,
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL ÉXCHANGE
BANK
PAID-UP CAPITAL 840,000,000.00
"(BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend o 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:
CANTON SWATOW SHIUCHOW
KONGMOON TOIBHAN
KINGCHOW We also handle the issue of Bonds and other Public Funds of the Chinese Clovernment both at Home and Abroad.
SHOU J. CHEN,
ManagerTM
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office: -15, Gracechurch Street, London, EC.3 Anthariad Capital
Bebeebad Capital Paid-up Capitál, ag
·Reserve Fund and lett,
BANKERS:
22,000,000
£1,800,000
21,000,000
福
The Bank of England and Midland =
Bank, Ltd.
BRANCHES:
Hangkong Manager,
Bangkok Bombay
Ipab
Jason
Calcutta
Kuantan
Caimaho
Delhi
Kandy Karachi
| Chalin
A Job?
WANT ADS
Hongkong Howrah
Kuala Trengganu
Endr
New York.
Penang
Rangoon
Kese Bharu.. Shanghai Kunis Apts.. (517pl
Koala Lumpur: _Bingapors HONG KONG BRANCH: Every description of Banking imod Kscharge, basicsos transacted.
TRUSTEE AND EXECUTORSHIP
NUNDERTAKEN AANA
OURDEST - LOOOUNTS 'opened" in Lonil Curi, Pinoy, and FIZED DEPOBIZA ruouvad in LONE Ourenoy & #PERLING on terms, that may be, ascertained on application. N
D. BENSON.
# Manage
181
United Airlines Trans
211
177
United Corpn.
23
18
United Corp. $3 cum pi., 371
64.
United Gas Corpn.
11
217
United Gas Improvement
121.
147
U.S., Industrual Alcohol.
24
287
U.S. Rubber
321
28
US. Rubber $8 pid.
1038
152
U.8. Steel
601
984
Vanadium
377
Amoy
Batarin
57)
Vultee Aircraft ...
10%
Bombay
Manila
Safrym
551
Walworth Co.
54
Celentle
Haiphong
301
Warner Bros. Pict......
Bemarang
201
Westinghouse Elec.
112
34"
Woodward Iron Cor.
267
68
Chase National Bank
National City Bank
*341* 28*
•-bid.
1-ex, div.
DOW "JONES AVERAGE
147.67
30.60
24.63
Apr. 23, 1940,
148.68 147.45 148.01 30.81 30.60 30.83 21.75 24.00 24.55
.34 up .03 up
.02 up
88.90
05.07 45.59 11 Commodity Index 81.79.
68.98 81.51 Business Done:-870,000 shares
.09 up. .28 off