JULY-SEPT.
OCT.-DEC.
The market was steady. LONDON RUBBER
SPO.T
MAY
JUNE
108 174
JULY-SEPT.
42 3/4
OCT.-DEC.
100
Bank Buying Rate
-1/4
31
■
York
cross-
New
at 350.
5/8.
Steady.
Market
Close
10.83/83
10.56756
July (New contract) October
10.71 N
{
2.
10.24/24
..
J.
10.12/12
}
10.06/06
>
996/96.
10.89 N
sellers
May July
September
December
19.08/11
18.75/75
Market
Sterling
18.22/22 18.16 N
September
Tuesday's sales:27,994,000 bushels.
CHICAGO COEN
· April, 21.11/18 May, 21.5/8 June
May July
641/041 651/651 601/661
Cash, 21.34 May, 21.11/16 June
WINNIPEG. WHEAT
May
July
91/91 921b
October
941a
NEW YORK HIDES
June
September
14.15/15
December
14.41/41
New York Official
34-3/4
NY-London Cross Rate 3.52-1/8
Telegraphic Transfer:
Ou New York:-
Bank Bills, on demand 21 3/8 Credits, 60 days' sight 22 1/4
On Batavia:-
On demand... 39 3/4
On Paris:-
Bank Bills, on demand 1085 Credits 4 months' sight 1140
On Saigon:-
On demand
On Manila:-
On demand
On Bangkok:-
On demand
On Sterling Notea:-
Bar Silver per oz. vk.
Marke: Report
FROM ROZA.BROS
The price for Ready SLver rose 1/16 to 21 but the Forward rate was unchanged at 20.7/8. Silver advices reported a small business The marke was steady. done. American Silver was quoted at 34. 3/4 for Spot:
The
London/New rate was quoted at 402.1/2, Tork/London was quoted
Sterling Business was done during the course of the morning at 1/2.29/ 32 for April and May. The mar- ket closed at 1 pm, with sellers at 1/27/8 1/2.29/32 April/May and June/October, buyers at 1/2.15/18 Cash and probably 1/2.29/32 June U.S. Dollars
Nothing' doing. Opened with sellers at 21.11/16, for April but later 21.3/4 was obtainable for April, 21.5/8 May, 21.9/16 for "June and 21.1/2 July, buyers at 21.13/ 16 for Cash. 21.3/4 May. 21.11/18 June and probably 21.5/8 July.
Shangkai Dollars
Business was done early in the morning at 381.1/4 followed by transactions at 361, 360.7/8, 360.3/4 and 360.1/2.
Shanghai Market Steady. Sterling a: 4.1/8 cash or April, U.S.. Dollars' sellers
at 6.1/32 for Spot.
***Steady.
The market closed with sellers
After ruling steady, the market became, dull. NEW YORK COTTON: There was heavy selling on the Bombay straddles, while weakness at Liverpool and May liquidation were fur- the depressing factors. Any material advance will have to be de- pendent upon the Improvement in the export out-look, or adverse growing weather for the new crop.
NEW YORK RUBBER: Prices steadied on the scarcity of ship-
ment offerings and cr increasing difficulties with regard to shipping Bridgeport Brass Corp.
and freight space. The tone was steady.
CHICAGO WHEAT: Further moisture in the South-West. in- duced tired long liquidation." Support was indefinite. but the tech- nical position is probably healthier on any further corrections. The change dampened bullish enthusiasm. The market needs renewed attention in order to register any advance."
NEW YORK STOCKS: 148.45: Change off 48.
Previous close,, 148.93; Today's close,
NEW YORK COMMODITY (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 July
December
January { March Spot
Prev. Today's
Figh Low Close Close Change
Total sales Tuesday-66,200 bales.
"First "notice day for cotton:-1/5/40 and last day 22/5/40.
NEW YORK RUBBER
January
Total sales:--1,050 tons, CHICAGO WHEAT
at 1/2.29/32 April and 1/27/8 May May/October, buyers at
1/2.15/16 July
Gash and 1/2.29/32 June.
U.S. Dollars Business was done at 21.3/4 for Cash and 21,11/16 Maỷ. The mar ket closed with sellers at 21.3/4
and 21.1/2 July, buyers at 21.13/18 September
and probably 21.5/8"July.
Shanghai Dollars
Bellers at 160 for Spot.
Shanghai Market
Sellers of Sterling at 4.1/8 April.
US Dollars sellers at 6.1/32 for Spot.
Shanghai Exchange
Shanghai. Apr. 25 (Reuter).
OMcial T.T. "Bates
Briggs Mix.
Buyers Buyers
35-1/2 35-1/2 35-5/8 34-3/8 34-1/2 34-5/8 33-5/8 33-3/4 33-7/8
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
23
CLOSING QUOTATIONS
APRIL 25, 1940
On London:-
Telegraphic Transfer. 1/8 UA6
Bank Bills, en demand 1/2 13 16 Credits 4 months' sight 1.3 1/8
On Shanghali-
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET. REVIEW
..(FROM PAYNE & CO.)
350
On Singapore:~~~
On demand
52 1/2
On Japan:—
On demand
1 1/4
New York, April 24, 1940.
On India:-
SINGAPORE RUBBER
and demand
SPOT
Previous April 24.
Closing Opening Closing Change
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
STOCKS
Adams Express
APRIL 25, 1940 STOCKS
Lakey Foundry & Mac...... 44*
Last Sale
Apr. 24
7+
Kennecott Copper .........
Last Sale
Apr. 24 351
Alleghany Steel Co. Allied Stores Allis Chalmers Aluminium Ltd, Amer. Can.
043
&
Libbey-Owens-Ford Glass,` 50t
Sterling
342
Lockheed Aircraft.
39.
1004
Loew's Inc.
351
Reserve Liability of
Proprietors
114
Loft Incorperated
$90,000,000
931
American Cyanamid B.
39
Mack Truck Inc.
26+
Head Office:-HONG KONG
Ameh & Foreign Power
11
Martin, Glen L........
432
Amer & Foreign $7 pl. ...
20
McKesson & Robbins, pfd.
281
Board of Directors:
American Gay & Elec,
381
Monsanto Chemical
1157
H. V. Wilkinson, Esq.,
Amer, Locomotive
201
Montgomery Ward
143
Amer, Metals Co.
221
National Aviation
181
Amer. Radiator
81
Nat, Dalry Products
25
Amer. Rolling Mill
151
Nat, Distillers
511
unch. up 1/4
Amer, Bting and K'ing Co.
50%
National Gypsum
10
J. K. Bousfield, E., A. H. Compton, Esq.,"
Amer, Sugar Refining
213
| National Lead
211
Hon. Mr. S. H. Dodwell,
up 1/4
Amer. Tel, & Tel...
172
| Nat, Power & Light
G. Miskin, Esq.,
Amer. Tobacco "B"... te
901
National Steel Corp.
K. S. Morrison. Esq.,
651
Previous close Today's close
Amer, Waterworks
101
National Supply Corp.
T. E. Pearce, Esq.,
a
buyers 11
buyers
Change
Anaconda Copper
302
New York Central
C. C. Roberta, Esq.,
16
10-15/16
O 1/16
Hon. Mr. A. L. Shields,
FRIDAY, APRIL 26, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
» INDIA, AUSTRALIA": AND CHINA
Authorised Capital..... $50,000,000
Issued Fully Paid-Up $90,000,000 Incorporated by Royal Charter,"1885 “
Reserve Funds:
.£3,000,000 £6,500,000 Paid-Up Capital
Reserve Fund.......... .....£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Chairman Hon. Mr. J. J. Paterson,
Deputy Chairman.
priators
:
£3,000,000 HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2. Sab-Agencies in London: 117/12, Leadenhall Street, E.C.a. West End Branch:
14/18, Cockspur Street, S.W.1. ".
"Manchester Branch:
52, Mosley Street, Manchestar, 3.
AGENCIES AND BRANCHES:
HARBIN HONG KONG ILOILO IPOR
PENANG BANGDON BAIGON
JEREMBAN
KARACHI
SHANGHAI
SINGAPORE
ALOB STAR AMBITSAB BANGKOK
BATAVIA BOMBAY
JALOUTTA
KLANG
Atchison, T." & 8, Fe.
23
| Niagara Hudson Power
51
11
10-15/16
off 1/18
Auburn Motors
11
| N. American Aviation
237
Sir Vandeleur M. Grayburn,
AGENCIES: KORR
Curt Sta**T
11
11
unch.
Aviation Corp. ......
...
North American Co.
221
Chief Manager, FALI PLIER
XUALA
11 11
11
11
unch
Baldwin Lecometive
161
Northern Pacific
81
unch.
Baltimore & Ohio
51
Owens-Illnois Glass Co.
63
Barber Asphalt Co.
154
Pacific Gas & Elec
311
Amoy
Branches: Johore
Barnsdall Ol
117
Bangkok Kobe
Pacific Lighting
441
Rangoon Saigon
Batavia
Kowloon San
Bell Aircraft Corp.
262
Packard. Motors
.31
Bombay
Kuala
Francisco
Bendix Aviation
341
Pan-American Airways
*214
Calcutta
Lampar Shanghai
Bethlehem Steel Bliss Co.
837
Paramount Pictures
71
Canton
Loadou
197
Pennsylvania R.R.
221
Confoo Lyons
Singapore Sourabaya
Boeing Airplane Co.
241
Phelps-Dodge
374
Colombo
Malacca Sungei
Borg-Warner
23
Philadelphia Read, Coal
î
Dairen
Mäsila
12
Phillips Petroleum
30+
Foochow
Muar
23
Pittsburg Coke & Iron
.81.
Bankow
Mukden
Brooklyn-M'hattan Trans. „ 227 Brooklyn-Manhattan $8.... Budd M'facturing Corp.
Public Service of NJ,
42
Harbin
100
Pullman, Inc. ̈
254
Iloilo
Peiping
Yokohama
5
Pure Oll
107
Ipoh
Penang
Canadian Pacific R'way...
5#
Radio Corpn, of Am.
63
Case, JI
718
Reading Company,
Com
15
CURRENT ACCOUNTS opened
Patani Swatów Haiphong (Johore) Tientsin
Tokyo New York Tsingtao
DELHI HAIPHONG HAMBURG HANIOW
MANILA
MEDAN NEW YORK PEIPING
(Peking)
(Bhuket)
TRANSITA TOKOHAMA
FOREIGN EXCHANGE and Geners). 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 siso opened in Local Currency and Starling with in interest allowed at rates obtainable
CANTON QAWNTORE CERT COLOMBO
LUMPUR
KUORING
HITIAWAN BOURABATA
TAIPING TIENTS IN
MADRAS
ΤΟ ΚΟΚΛΗ
Celanese
341
Reading Company, 1st pid
28*
Chesapeake & Ohlo
40
Remington Arms Co., Inc.
41*
Chrysler Corpn.
873
Republic Aviation Corp. ...
Climax-Molybdenum Co...
388
Republic Steel
224
quoted on application.
Colts Patent Fire-Arms
82
Revere Cop, & Brass Inc. ..
131
MARKET
Columbia Gas & Mec.
61
Reynold Tobac. "B"
42%*
Columbia 8% “A” più
90
Richfield OR
7
LOCAL CURRENCY and Fix Drones 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 "claim recovery of British Income Tax overpaid, 'os ALSO up to date SAT DEPOSIT terms which may be ascertained at Boxsa in various sizes To Lac
any of the Agencies and Branches. Hong Kong, 28th February, 1940.
R. A. CAMIDGE,
Commercial Credit Co.....
457
Baleway Stores
50%
Manager.
Com, & Southern (Ord.) Consolidated Edison
11
Schenley Distillers
131
311
Sears Roebuck
851
HONGKONG SAVINGS
*10.83 10.68 10.83 10.68,15 off 19.20 19.12 19,08 19.15. 07 up
1114 1101 111 .1107
off 65 • 64 641 6-11 13.90 13.87
Consolidated Oil Continental còn
Continental OU
Copperweld 'Steel'
up
Corn Products
13,92b 13.91b 01 off
Curtiss Wright (C.)
Opening
Closing
Change
Curtiss Wright "A"
10.82/82
*1055/56
10.88b/72a
10.26/26
10.12/12
10.08 A ..9.98/97
10.68/69, 10.47/47 10.81. N.
10.19/19
10.08/06 -10.01 N.
15 of
Deere & Co,
.09 off
Distillers Corpn. Seagrams
10 off
Douglas Aircraft
.05 off
Du Pont de Nemours
08 of
Eagle. Picher Lead
05 off
Eaton Mig. Co.
9.91/91
.05 "off
Mec. Autolite
10.84 N
.15 off
Mec. Bond & Share
Elec, Bond & Share $5 pt.
Elec.. Bond & Share $6 pf.
Elec. Power & Light 57 pf.
Fisk Rubber.....
Flintkote
19.12/18
19.15/16
07 up
Gen. American Trans......
18.80/80
18.84/82
.07 pu
Gen. Electric
18.48b/50a 18.52/50
18.51/53
.03' up
Gen. Motors.
18.30/30"
08 up
Gen. Rallway Signal.
18.24 N
..08 up
GER. Tire & Rubber
Glidden Co.
Goodrich (RF)
111 111 1114/1107 1091/1091 1091/109 109/1091 1001/1091
1107/1102 1087/1033 1037/1081
1 of
Goodrich $5 pf.
1 off off
Goodyear Tire & Co.
Great Northern Iron Ore ..
Great Northern Rly, pfd.
20
Great Western Sugar
Greyhound Corpn.
641/641
844/641
851/651
641/661
i up unch.
off
Hercules Powder Co.
Homestake - Mining
International Harvester
Int Nickel
Inter. Paper & Power ......
91/911
91 b 928/928 941/911
unch. unch
off
Int. Tel & Tel
Johns-Manville
J. & Laughlin Steel $7 pfd. 854
13.62b/952
13.75b/14.00a 13.91b/958 .01 off 14.15/15 14.18/20
04. up 14.37b/458 14.44/44 1,03 up 3.52-1/8 3.50-5/8
1939/40
35.90 24.14 20" Rails
97.70 20.70 20 Utilities
92 22 8451 40 Bonds
London
New York
Japan
India
Paris
Hongkong
8pot.
Opening
0/4
5-3/4
23-1/2
22-1/8
2.94"
28-3/4
*Kellers
Upening Closing 0/4-1/8 0/4-1/8 0/4-7/64 0/4-1/8"
0/3-31/32
Apr. May. 0/3-15/16
11.S. Dollara
Spot
Apr.
$6 B
$0-1/32 8-1/32
May
5-23/32
5-25/32
Market: quiet.
Merchant Estes
Sterling. 0/1-3/32.
US Dollars, 35-15/16.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, today was 1/2-1/24.
The Equalisation rate was 10-1/2 per cent
Calcutta Exchange
Calcutta, 4pr. 24 (Reuter). T.T. on Japan - 89-7/8.
RESERVE BANK" OF INDIA STATEMENT
Calcutta, Apr. 24 Reuter).
Apr. 10 Apr. 17
Notes in circulation
(including Notes
held in the Bank-
LONDON METALS
EXCHANGE
London, Apr. 24 (Reuter).
TIN
buyera sellers
£
£ Standard, Cash 254-1/4 254-1/2 ing Department)... 25,888 25,323 Standard, Rupee Coin and Bul-
lion in India Gold Coin and ̈Bul- lion in India..... Becurities (Indian
Government) Securities
Government)
3 months 249-1/4, 249-1/2 5,481 5,396 Set'ment Price 254-1/4
Standard, 4,154 4.154 Straits
3,835 3,835
(British
....... 11,850 11,850
LONDON GOLD
London, Apr. 24 Reuter). Bar Gold, Fine per oz., 168.
India Rupee Paper
Bombay, Apr. 24 (Reuter). Government 34% Rupee; 94-05-0 nominal,
· 274-1/2, tó 179-1/2
SILVER MARKET
LONDON SILVER London, Apr. 24 Renter). Silver: Little general buying. offers scarce. Business amall. Mar- ket steady. In the afternoon, the market was quietly steady,
Spot, 214.
Forward, 20-7/8d.
BOMBAY SILVEE Bombay, Apr. 24. (Reuter). Market--Offtake 50 bars.
Indian Mint Silver
Ready
May 1 Battlement
June 3 Bettlement
58-05 -58-05 58-09
BANK
THE CHASE BANK ··
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL is conducted by the HONGKONG
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 5th. Feb., 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital. $10,000,000.00 Paid-Up Capital
5,598,600,00
Board of Directors:
SIR SHOTBON CHOW, Chairman
Lil Lan Sang, Esq. P. E. Kwok. Eaq, Wong Cha Son, Esq. Wong Tan Tong, Ext. Kan Ying To, Eaq. Chan Ching Shok, Eag, Fang Ping Wah Esq KAN TONG PO, Esq., Chief Manager LI THE FONO, Esq., Manager
Branches and Agencies:-
Penang Singapore Loudan Hangoon Bourabaya Bombay Manila Helgon Swałow Calcutie Malbourne Bad Fran- . Bydacy
Nagasaka
aleco Timitala Haiphong Ksikow
Vancouver New York Bastile Pari
HEAD OFFICE:
18, PINK STREST,
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 Back in entirely owned by THE CHASE NATIONAL BANK, New York, with Basontom of arm 1.8.$3,900,000,000.-
D. M. BIGGAR,
Second Vice Pres
BANK" OF CHINA
Specially Chartered by
| THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Brznebes 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 Officea:
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Locz! Currency and Fixed Deposits re- CANTON ceived for one year or shorter SWATOW periods in Local and Foreign Cur-SHIUCHOW rencies an terms which will be quoted on application.
SAFE LEPOSIT Boxes To Li KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
Operating Services for Cargo and Passengera
TO-
SWATOW, SHANGHAI; TSINGTAU, CHEYCO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTÄ
SANDAKAN
HAIPHONG
All steamers berth alongate the Roosevelt Terminal in- the French Concession at Shanghai, where passengers and cargo are landed. ...
For further particulses
plesss apply to
JARDINE MATHESON&Co. TELEPHONE. SOJIL · GENERAL MANAGERS.
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinesa Government both at Home and Abroad.
SHOV J. CHEN,
Manager
THE KWANGTUNG PROVINCIAL
BANK
(Incorporated in (175ink)
General Banking Facilities and Financial Agents te The Provincial Government of Kwangtang Head Office--Chinkwan, Kwangbang Provinor Hongkong Branch-Quinum's Bldg., § Göster Rd. Cable Addresses-"PROVINCIAL.” 2639, 9447, Telephones:
20112, 50113, 20141, 20181, 31881. *BRANCHES THROUGHOUT
SOUTH CHINA Correspondants in New York and Leusden Paid Up Capital Reserve Capital
***
N$18,000,000. N$10,500,000.
AUYANG MANLY,
Hoogkong Kenager.
Job:
WANT ADS
71
Shell Union on
124
471.
Bocony-Vacunum Of
11
231
Southern Pacific
121
247
Southern Riy $5 pfd.......
27}
601
Sperry
44
104
Spicer Manufacturing Co." 383
28+
Standard Brands
7).
& SHANGHAİ BANKING COR- PORATION. Bules may be obtain- ed on application.
231
Stand Gas & Elec; ....
14*
19
Standard Oil of California
221
80
Standard Oll of NJ.
43
187
Stone. & Webster
01
11
Studebaker Com,
101
354
Swift International
30
50+
Technicolor
147
62
Texas Corpn.
461
61
Texes Guir Sulphur
344
091
Timken-Axle
27
331
Trans-America Co.
53
142"
| 20th Cent., POZ.
Reserve and Undivided
181
20th Cent. Fox. $14 pf...
20
Profits
.2,983,281.50
52
Union Bag & Paper Corp.
174
371
Union Carbide & Carbon
83
531
Union Pacific
952*
Head Office:---HONG KONG No. 10 Des Voeux Road, Central.
177
Dalted Aircraft
494
181
United Airlines Trans
213
18
United Corpn
2+
171
United Corp. $3 cum pf.
371
Li Koon Chun, Eng.
64*
United Gas Corpn.
..........
11
...
213
United
Gas Improvement
12
144
U.S., Industrual Alcohol.
251
281
U.S. Rubber
33
271
U.S. Rubber $8 píd.
1012
151
U.S. Steel
607-
071.
Vanadium:
38
Amoy
59
Vultee Aircraft
101
Batavia
541
"Walworth Co.
51
304
Warner Bros. Pict
3
191
Westinghouse Elec.
1123
Hopolalts Zobe
Polplog
Bemarang Shanghai
· 31*.
Woodward Iron Cor.
261
687
Chase National Bank. National City Bank
344*
23*
-bid
Bạn đ
DOW JONES AVERAGE .
High
Low Dow Jones Averages, Apr. 23, High Low Close Change 155.99 121.41 30 Industriala.
149.45 148.20 148.45 31.26 30.80 31.00 2485 94.84 24.76
Apr. 25, 1940.
148.93
3076
94.08
48 off .26 up .09 up
83.06
8507 45.69 11 Commodity Index, 81,63
89.00 01.42
.09+up .11 of
Business Done :-850,000 shares