Bank Bills, on demand 21 1/2 Credits, 60 days" 'sight 28 3/8
On Batavia:-
On demand. 4
On Paris:-
Bank Bills, on demand 1985 Credits 4 months' sight 1140
On Saigon:-
Buyers Buyers 35-7/3 55-5/8 34-1/2 34-1/2 33-5/8-33-3/8
Previous close Today's close
buyers
10-15/16
10-15/16
buyers 11
11
11
11
£1 11
11
11
43
NEW YORK COTTON
May July
}
}
}
>
May
July
3
September
December
Market Report
Silver-prices dropped "yesterday
The market was quiet but steady. NEW YORK COTTON: Despite a seasonal decline in domestic experts expect consumption, Department of Agriculture domestic consumption and exports in the current crop year (ending July 31) to exceed production by about 2,000,000 bales. July post- tion strengthened on active price-fixing operations. We continue to between July and October contracts will believe that difference eventually be widened,
NEW YORK RUBBER Offerings were well taken. May switch- to the extent of 5/15 for. Ready and 1/4 for Forward, the quota.ing was active. There was some light factory demand. tions being 20.15/16 and 20.7/8 re- spectively Silver advices reported India and speculators as having re- sold. The market closed steady with buyers at the quoted rate. American Sliver was quoted at 34. 3/4 for Spot.
CHICAGO WHEAT: Early selling by commission houses caused little liquidation. There was some hedging against loan reposses- conditions, The market stons and selling on Improved weather needs stronger support.
cross-
The London/New York rate was quoted at 402.1/2, New York/London was quoted at 352. 1/8.
Quate t
Market
Sterling
A small business was done at 1/2. 29/32 for near and May. The mar- ket closed with sellers at 172.29/32 April and 1/27/8 May/October. buyers at 1/215/16 Cash and 1/2 29/32 August
U.S. Dollars
A small business was done at 21. 13/16 for near delivery. The market closed with sellers at 21.3/4 April, 21.11/16 May and 219/18 July. buyers probably at 21.3/4 May and probably 21.5/8 July.
Shanghai Dollars
Sellers at 361.1/2.
Shanghai Market
Sterling sellers at 4.1/8 for Spot and U.S. Dollars a, 6.1/32 for Spot.
www.
Shanghai Exchange
Shanghal, Apr. 24 (Reuter).
Oficial T.T. Rates
NEW YORK ̧ STOCKS: 148.93 Change. up .92.
New York Cotton, May New York Rubber, May Chicago Wheat, Mas Chicago Corn, May
New York Hides, June
July (New contract) October
December
January March
Spot
Previous close, 148.01; Today's close.
Total sales Monday:-41,900 bales
First notice day for cotton:-1/5/40 and last NEW YORK RUBBER
Bliss & Co.
cotton
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 24, 1940.
On London-
Telegraphic Transfer. 1/2 13/16 Bank Bills, en demand 1/2 13/16 Credits 4 months' sight 1/3 1/8
On Shanghai:———
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
On demand
350
On Singapore:---
☺)
On demand
52 2/3
On Japan!
On..demand
91 1/9
New York, April 23, 1940.
On India:-
Telegraphic Transfer.
and demand
89 1/4
SINGAPORE RUBBER
On New York:-
SPOT
JULY-SEPT.
OCT.-DEC.
The market was quiet.
LONDON RUBBER
SPOT
MAY
On demand
108 1/4
JUNE
On Manila:-
JULY-SEPT",
On demand -
OCT:-DEC.
On Bangkok:-
On demand
150
On Sterling Notes:-
Bank Buying Rate
1/4
Bar Silver per as
20 15/16
Previous April 23
Closing Opening Closing Change
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTERN SERVICE)
STOCKS
THURSDAY, APRIL 25, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK" OP
BANKING CORPORATION
Last Sale
APRIL 24, 1940. STOCKS
Apr. 23
Last Sale
Apr, 23
INDIA, AUSTRALIA
AND CHINA
Authorised Capital 850,000,000
Adams Express Alleghany Steel Co. Allied Stores. Allis Chalmeri ------
7
241
Kennecott Copper ..... Laxey Foundy & Mac.
381
4*
Reserve Funds:
B+
|Libbey-Owens-Ford
Class
50%
Sterling
354
Lockheed Aircraft
39
Reserve Liability of
Aluminium Ltd. Amer. Can
1014
Loew's Inc.
35
Proprietors
.$90,000,000
115
Loft Incorperated
33#
American Cyanamid B.
391
Mack Truck Inc.
261
Head Office:-HONG KONG
Amer. & Foreign Power
11*
Martin, Glen L
451
Amer
& Foreign $7 pí. American Gas & Mee.....
25+
McKesson & Robbins, píd. 28ł
381
Monsanto Chemical
1141..
Amer, Locomotive
21
Montgomery Ward
518
Amer, Metals Co.
213*
|National Aviation
15
Amer. Radiator
8
Nat, Dairy Products
·18) ·
35-1/2 oft 3/8 34-3/8 33-5/8
Amer. Rolling Mill
15+
Nat Distillers
251
Amer. Brting and Ring Co.
50
off 1/8
National Gypsum ....
107
Amer. Sugar Refining
22
National Lead
22
unch.
Amer. Tel, & Tel
174
Nat, Power & Light
8
K. B. Morrison, Esq.,
Amer. Tobacco "3"
003
National Steel Corp.
654
T. E. Pearce, Esq.,
Issued & Fully Faid-Up $20,000,000 Incorporated by Royal Charter, 1888
| Paid-Up_Capital £8,500,000 Reserve Fundame
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Board of Directors: H. V. Wilkinson, Esq.,
Chairman. "Hon. Mr. J. J. Paterson,
Deputy Chairman. J. E. Bousfeld, Esq., 4. H. Compton, Esq., Hon. Mr. 8. H. Dodwell,
G. Miskin, Esq,
38, Bishopsgate E.0.2. Sub-Agencies In London:
117/122, Leadenhall Street, B.C.a West End Branch: 14/18, Cockipur Street, 8.W.1. Manchester Branch: 32. Mosley Street, Manchester, 1
AGENCIES, AND BRANCHES:
ALOR STAR HARBIN
PENANG AMRITSAR HONG KONG RANGOOF
CLOILO
ПРОК
£3,000,000
£3,000,000
prietors
£3,000,001
HEAD OFFICE:"LONDON:
BANGKOK
BATAVIA
BAIGON
SEREMBAN
Amer. Waterworks
10
National Supply Corp.
83.
0. C. Roberta, Esq.,
BOMBAY
ΚΑΤΑΘΕΣ
SHANGHAI
Change
Anaconda Copper.
31.
New York Central.
163
Hon. Mr. A. L Shields,
CALOUTTA
up 1/16
Atchison, T. & S. Fe.
231
Niagara Hudson Power ....
5+2
up 1/18
Auburn Motors
11
N. American Aviation
231
Sir Vandeleur M. Grayburn,
AGENCIES:
Clive SKRET
unch.
Chief Manager. Pa
KLANG KOM
KUALA
SINGAPOR
SITIAWAN
BOURABAYA
Aviation Corp.
71
North American' Co.
22
wach
Baldwin Lecametive
101
Northern Pacific
Bi
-Branches:
CANTON DAWNPORN
unch,
Baltimore & Ohio
51
Owens-linols Glass Co.
631
сивт
LUMPUR KUCHING MADRAN
TAIPING
TIENTSIN
TONGKAH
Barber Asphalt Co.
151
Pacific Gas & Elec
314
Amoy
Barnsdall of ...
117
Pacific Lighting
Bangkok Kobe
441
Batavia Kowloon
Johore Rangoon
Saizon San
DOLOMBO
MANILA
(Bhuket)
DALTI
MEDAN
TSINGTAS
HAJPHONG
NEW YORK
YOKOHAMA
Bell Aircraft Corp.
Bendix, Aviation
Bethlehem Steel
Boeing Airplane Co.
Borg-Warner
Bndgeport Brass Corp.
Briggs Mig.
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $6.... Budd. M'facturing Corp. Canadian Pacific R'way Case, J.I.
Celanese
Chesapeake & Ohio
Chrysler Corpo, .......
NEW YORK COMMODITY (REUTER'S SERVICE)
MARKET
Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia, Gas & Elec..
Columbia 8% "A" pl.
Commercial Credit Co.
1114
110
641
644
13.99
13.75
Prev. Today's High Low Close Close Change
10.83 10.79
.03 10.80 10.83
up 19.13' 19.06 19.08 19.08 unch. 1114 111 "1 off
• 85. 64 i off 13.76b 13.92b .16 up
Com, & Southern (Ord.)
Consolidated Edison Consolidated Of Continental Can
Continental" Ou
Copperweld Steel
Corn Products
Curtiss Wright (C)
Close
Opening
Closing
Change
Curtiss Wright "A"
Deere & Co;
10,80/80
10.79/80
10.83/83
03 up
Distillers Corpn. Seagrams
10.52/53
10.53/53
10.58/56
,04 up
Douglas Aircraft
10.67 N
10.66b
10.71 N
,04 up
Du Pont de Nemours
10.21/21
10.22/22
10,24/24
.03 up
Eagle Picher Lead
10.11/11
10.11/11
10.12/12
קט "1ם,
Eaton Mfg. Co.
10.05 N
10.08b/07a 10.06/06
01 up
Elec. Autolite
9.95/95
9.97/97
10.98 N
9.98/96 10.99 N
.01. up
Elec, Bond & Share
.03. up
Elec. Bond & Share $5 pt.
Elec. Bond & Share $6 pt.
day 22/5/40.
Elec, Power & Light 7 pf.
Fisk Rubber
Fintkote
Gen. "American Trans.
18.45/45
18.50/49
18.15/18
Opening
January
18.10 N
19.08/08 19.08/08 19.08/11 18.68/88 18.75/75 18.75/75
18.48b/50a 18.22/22 18.18 N
unch.
Gen. Electric
.07 up
Gen. Motors
.03
up
Gen. Railway Signal
07 up
Gen. Tire & Rubber
06 up
London
0/4
Glidden Co.
New York
5-3/4
Total sales~1,150 tons.
Goodrich (BF)
Japan
23-1/2
Goodrich 35 pf.
CHICAGO WHEAT
India
28-1/3
Goodyear Tire & Co.
Paris
2.94
May
Hongkong.
26-3/4
July
Kellers
September
1114/17T1
1091/1091
1098/1091
1111/1107 111/1111 109/1083 1091/1091 109/1081 1091/1091
off
Great Northern Iron Ore
off
Great Northern Rly, píd.
unch.
Great Western Sugar
Opening Closing
Greyhound Corpn.
Monday's sales:-38,309,000 bushels.
Spot
0/4-1/8
0/4-1/8
Hercules Powder Co.
Ápr.
0/4-3/32 0/4-7/54
CHICAGO CORN
Homestake Mining
May
0/3-59/84 0/3-15/16
International Harvester
May
65/85
641/64)
US. Dollara
July
Spot Apr.
68-1/32 $8-1/32
September
657/66 682/662
647/641 654/651 864/687
t-off .off
Int Nickel
Inter. Paper & Power
6
6-1/32
of Int. Tel, & Tel
Johns-Manville
5-23/32
5-3/4
The Equalisation rate
New York Exchange
May
Market:-Quiet.
Merchant Rates
Sterling, 0/4-3/32:
U.S. Dollars, $6.
Sliver Duty Bate
The Central Bank of China's
rate on London at 10 am, today
was 1/2-1/2d.
per cent
was 101 NY-London Cross Rate 3.53-3/8
WINNIPEG WHEAT
J. Laughlin Steel #7 pfd. 641
May
91b
911b
July
9216
October
unrecd.
.91/01 $21b 9414
unch. off
1939/40
NEW YORK HIDES
June
Septeniber
December
13.76b
14.01/01 14.26b/29a
13.80/80 13.92b 95a 14.06/03 14.15/15 14.25b/33a 14,41/41
.16 up
High Low Dow Jones Averages, 156,08 121.41- 30 Industrials
.14 up
35.90 24.14 20 Raila
27.70 20.70 20 Utilities.
.15 p
32.22 84 51 40 Bonds
-1
3.52-1/8 New York Official
34-3/4
New York, Apr. 23 Reuters. T.T. on London (Opening Rate). 3.53-1/2
Calcutta Exchange
Calcutta, Apr. 23 (Reuter), TT, on Japan, 89-1/2.
India Rupee Paper
Bombay, Apr. 23 (Retter).
STOCK EXCHANGE
STRONG
LONDON, April 24 (Reuter)- The Stock Exchange was strong
SILVER MARKET
LONDON SILVER
London, Apr. 23(Reuter).
32 up
Francisco HAMBURG
Calcutta Lumpur Shanghai, HANKOW
Haiphong (Johore) Tiantsin
Mukden Tokyo
Peiping Yokohama
PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Businem transacted.
CURRENT Acounts 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 ACCOUsts also opened in Local Currency and Sterling with opened in interest allowed at rates obtainable LOCAL CUBRINOY and FIXED Darra on application. received for one year or shorter The Bank's Head Office in London periods in Locs] and other Our-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
ALBO up to date SATE DEPOSIT terms which may be ascertained at Boxes in various sizes To Lar
any of the Agencies and Branches. Hong Kong, 28th February, 1940.
RA. CAMIDGE,
Manager.
BANK
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
PORATION, Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager,
· Hong Kong, 25th Feb., 1830..
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Pald-Up Capital 5,598,600.00 Reserve and Undivided.
Head Ofce:HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SIE Saovaox Crow; Chairman Li Koon Chan, Esq. Li Lan Sang, Eng. P. K. Kwok, Esq., Wong Chu Son, Esq. Wong Yun Tong, Esq. Kan Ting Pe, Bag. Chau Ching Shok, Req. Fang Ping Wah Beq KAN TONG PC, Esq., Chief Manager LITSE FONG, Esq., Manager
Bombay Calestia
Branches and Agencies:-
Baiphong Hanko
Karoon Loudon Bazgoon
Maalia
Bingapore Bourabaya Andron Smakow Malbouşun ka Fran- Sydney Saganaka New York Beattie
Homolelu Part
Kobe
Pelping
ala Damia
VABOOTYES
Bemarang Shangha
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
18, PINE STRENT,
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
P
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Besources of avail 13.8.$3,900,000,000.
D. M. BIGGAE,
Second Fipe Prou.
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. ÜHIÑA) .. Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Dordestic and Foreign Banking and Exchange,
Head Office-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices::
Current Accounts epened in Local Currency and Fixed Deposits re- CANTON ceived for one year of shorter SWATOW periods in Local and Foreign Cor- SHIUCHOW rencies, on terms which will be quoted an application.
SAFE CEPOSIT BOXES TO LET.
INDO-CHINA
Silver-Speculator and Indian STEAM NAVIGATION COMPANY LTD.
re-selling. Very small demand.
though quiet. Despite the immin- ence of the Eudget, prices in sec-Business moderate. Market quiet. Operating Services for Cargo and Passengers tions advanced with gold mines the the afternoon, the market was most promment on local and steady, with small bayers at the South African Buying. Far Eastern rate but sellers holding off.
bonds tended to improve on tre Mightly better International Wall Street was
Goverment 34% Rupec, 91-06-0 atmosphere. nominal
LONDON METALS
EXCHANGE.. London, Apr. 23 (Reuter),
TIN
buyera sellers.
2
£ Standard, Cash 253-1/2 253-3/4 Standard,
3 months 249 240-1/4 Standard,
Bet'ment Price 253-1/2
Straits
steady.
GUNS FOR OIL BUCHAREST. Apr. 24 (Havas)- It is learned from well-inforined circles that Japan has proposed to armaments exchange Japanese against various Rumanian raw materials, notably oil.....
It is unconfirmedly reported that economic negotiations, are starting
between the
soon
Spot, 20-15/16d.
1
Forward, 20-7/84.
BOMBAY SILVER Bombay, Apr. 23, (Rexter), Market-Quietly steady. Offtake
23 bars.
Ready May 1 Bettlement June 3 Settlement
Indian Mint Silver ·
58-04 58-04
58-07
LONDON GOLD
London, Apr. 23 (Reuter), Bar Gold, Fine per oz. 188.
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
"All steamers borth alongsirle the Roosevelt Terminal in the French Concession st Shanghai, where passengers and cargo are landed.'"
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD.
Rumantan Government and the to establish regular exchange be- TELEPHONEČIOJIIG GENERAL MANAGERS.
273-3/4 to 278-3/4 Japanese Trust of Mitsui in order tween the two countries.
KONGMOON TOISE AN
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
(Incorporated in China), General Banking Facilies and Financial Agents ta The Provincial Gelorament of Kwangkung Head Office-Shinkwns, Kwaoptang Provinos Bongkong Branch-Queen's isldg., Chater Bd. Cable Addresses-"PROVINCIAL.” 2530, 9143. Telephones: 20112, 20115, 29143, 20181, 816#1. BRANCHES THROUGHOUT
SOUTH CHINA”/- Correspondants in New York and London Paid Up Capital ... N$10,000,000. Reserve Capital ........... N$10,500,000.
AUYANG MANLY,
Hongkong Manager.
Job?
WANT ADS
281
Packard Motors
31
Bombay "Kuala
34.
Pan-American Airways
211
841
Paramount Pictures
71
Canton
London
Singapore
191
Pennsylvania R.R.
224
Chefoo
Lyons
24#
Phelps-Dodge
38
Colombo Malseca
221
Philadelphia Read, Coal
Dairen
Manila
31
Foochow
Muar
11
Phillips Petroleum
391
Sourabaya" Sungei
Patani Swatow
231
Pittsburg Coke' & Iren
81*
Bankow
221
Public, Service of N.J.
410
Harbin
New York Tsingtao
100
Pullman Inc.
257
Iloilo
51.
Pure Oil
11
Ipoh
» Penang
5+
Radio Corpn. of Am.
81
68
Reading Company,
Com
151
*
CURRENT
Accousta
35
Reading Company, 1st pfd
28*
392
Remington Arms Co., Inc.
48.
881
Republic Aviation Corp.
蛋
39
Republic Steel
214
.......
81
Revere Cop. & Brass Inc.
13+
B
Reynold Tabac. "B"
43
90
Richfeld Ou
7A
457
Safeway Stores
51+
11
Schenley Distillers
13
HONGKONG SAVINGS
314
Sears Roebuck
86
77
Shell Union on
121
47
Socony-Vacunum Oll
'11
234
Southern Pacific
12
241
Bouthem Rly $5 pfd.
27+
is conducted by the HONGKONG
604
Sperry
433
& SHANGHAI BANKING COR
HEAD OFFICE:
11
Spicer Manufacturing Co. 36
291
Standard Brands
72
.221
Stand Gas & Elec.
1
194
Standard Oil of California
221
復
901
Standard Oll of N.J.
41/
1887
Stone & Webster
92
107
Studebaker Com
111
351
Swift International
30+
401
Technicolor
147
Texas Corpn.
461
62
Texes Gulf Sulphur
341
691
Timken-Axle .............................
278
331
Trans-America Co.
54
141*
20th Cent. Fax
181
20th Cent. Fox. $13 pf.
211
Profits
.2,983,281,50
521
Union Bag & Paper Corp.
18
#!
371
Union Carbide & Carbon
54
Union Pacific
838 961
171
United Aircraft
501"
184
United Airlines Trans
221
171.
United Corpa
2+
18
United Corpa. $3 cum pf. 37
644*
United Gas Corpfi,
11
214
United
Gas Improvement
124
144
U.S., Industrual Alcohol.
24
27:
UA Rubber .....
334
271*
US. Rubber $3 pid.
1013
15
UB, Steel
621
971
Vanadium
384
Amoy
Pusat
581
Valtec Aircraft
104
Batavia
54#
Walworth Co.
51
304
Warner Bros. Pict
31
201
Westinghouse Elec,
1121
34*
Woodward Iron Cor.
264
681
Chase National Bank. National City Bank
343
28*
bid.
t-ex div.
DOW JONES AVERAGE
Apr. 21, 1940. Apr. 22, High Low Close
Change
148.01 30 53
-149.18 147.77 148.83
30.78 30.57 30.75
2465
$4.83 24.51 24.88
68.98
65.67 45.58 11 Commodity Index 61:51
83.96 81.53
.12 up 01 up .09 of
.69 up
Business Done :-$80,000 shares
KAN TONG PO,
Chief Manager.