35-1/8
Previous April 27 Closing Opening Closing Change
Buyers Buyers
36 cts
35-7/8 35-7/8 34-7/8
34-1/4
34 cts.
The market was quiet. LONDON RUBBER
Previous close Today's close
1.
buyers
buyers
SPOT MAY
10-15/16
10-15/16 11
Market closed
11-1/16 11-1/16
Quiet...
New York Cotton, May
|
July
New contract) October r
December (
January
March
Spot
CHICAGO WHEAT
May
July
September
Market Report
NEW YORK COTTON: Heavy price-fixing of
together with the scarcity of contracts is likely to result in further tighten- ing of old crops. The question of export subsidy is very undecided and there is no prospect of an immediate action. The weather gen- 2013/16erally is favourable.
FROM ROZA BROS suver prices dropped 1/8 'yes; terday for, both deliveries. the quotations being 20.13/16 for Ready and 20.34 for Forward Silver advices reported the market as neing, quiet with very poor sup port, American Silver was quoted at 34.3/4 for Spot
cross-
The London/New York rate was quoted at 402.1/2, New York/London was quoted at 351.
Market
Sterling
There were sellers at 1/2.29,'32 April probably May and 1/27/8 June/November, buyers at 1.2.
and probably 1/2 Cash
15/18
29/32 September,
NEW YORK RUBBER: Prices again levelled off on scattered May Iquidation on a thin market. Factory Interest was less in
evidence.
CHICAGO WHEAT: Hedging and realizing caused an early easiness but prices rallied on evening üp by local interests.
The strength of Corn market was impressive and foreign interest ap- peared to be reviving.
NEW YORK STOCKS: 148.12: Change, up 39.
NEW YORK COMMODITY MARKET
(REUTER'S: SERVICE), ||
New York Rubber, May Chicago Wheat, May Chicago Corn, May New York Hides, June NEW YORK COTTON
U.S. Dollars Opened with sellers at 21.3/4 with business done later at 21.13 | May 16 for Cash. 21.34 Arst half of July May and May. The market closed with sellers at 21.3/4 April/May and probably 21.11/16 June, buyers at 21,78 Cash, 21,13/16 first hall of May and 213/4 first half of
June
Shanghai Dollars Business was done early in the morning at 360. Towards the close there were sellers at 359 for Spot Shanghaj Market Sterling opened with sellers at 4.1/8 and towards the close sellers ‚were reported at 4.9/64 for Spot. US Dollars sellers at 8.1/32 for Spot
Shanghai Exchange
Shanghal, Apr. 27 Reuter),
Official T.T. Rates
Total sales Friday:31:200 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER
May July September December January
Total sales-830 tons.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS |
APRIL 27, 1940
On London:-
Telegraphic Transfer. 1/2 13/16 Bank Bills, on demand 1/2 13/16 Credits 4 months' sight 131/8
On Shanghai:-----
On demand
On Singapore:-
330
On demand
32 1/2
On demand
31 1/2
On India:-
On Japan:-
Telegraphic Transfer. 182 1/4
and demand .....
On New York:-
Bark Bills, on demand 21 1/2 Credits, 60 days' sight 22 3/8
On Batavia:-
On demand
On Paris:
..... 40
Bank Bs, on demand 1085 Credits 4 months' sight 1140.
On Saigon:-
On demand
On Manila:-
On demand
On Bangkok:--
On demand
On Sterling Notes:-
Bar Silver, per oz.
Bank Buying Rate
"
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, April 27. 1940.
SINGAPORE RUBBER
SPOT JULY-SEPT.
OCT.-DEC.
108 JUNE
43."
15)
JULY-SEPT.
OCT.-DEC.
nears
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S (KEVICE)
STOCKS
Adams Express
APRIL 28, 1940 STOCKS
MONDAY, APRIL 29, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Last Sale
Last Sale
Apr. 27
Apr. 27
BANKING CORPORATION
#
INI IA, AUSTRALIA “ „
AND CHINA
Authorised Capital....... 880,000,000
T
Kerpecott Copper
43*
Alleghany Steel.Co. Allled Stores
242
Lakey Foundry & Mac.
50
8
Libbey-Owens-Ford Glass
382
Sterling
Allis Chalmers
34
Lockheed Aircraft
341
Aluminium Ltd.
99*
Loew's Inc. ......
Reserve Liability of
30+
Proprietors..
$20,000,000
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 18819
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund
H.K. Currency Reservs $10,000,000 Reserve Liability of Pro
prietors
Amer. Can
115
Loft Incorpersted
25}
£3,000,000
£3,000,000
...£3,000,000 BEAD OFFICE: LONDON:
American Cyanamid B.
37A
Mack Truck Inc.
Head Office:-HONG KONG
Amer. & Foreign Power:
Martin, Glen L
Amer& Foreign $7 pí.
251*
McKesson & Robbins, pfd.
115
American Gas & Elec...
36"
Monsanto Chemical
50
Board of Directors: H. V. Wilkinson, Esq.,
Amer. Locomotive
201
Montgomery Ward"
141
Amer. Metals Co... DAY
213*
National Aviation
171
Amer. Radiator
8.
Nat, Dairy Products
251
Hon. Mr. J. J. Paterson,,
Deputy Chairman,
off 1/8
Amer. Rolling Mill
154
Nat. Distillers
91
Amer. Sting and Ring Co.
50 "
National Gypsum
21
J. E. Bousfeld, Esq., A. H. Compton, Esq.,
34-7/8. 34-1/8
of 1/4
Amer. Sugar Refining
214
National Lead
Hon. Mr. S. E. Dodwell,
8
of 178
Amer. Tel, & Tel
1734
Nat. Power & Light
C. Miskin, Esq., "
651
ALOR STAR AMRITSAR
Amer. Tobacco “B”
90
National Steel Corp.
E. S. Morrison, Esq.,
81
T. E. Pearce, Esq.
BANGTOK BATAVIA
Chairman.
39, Bishopsgate E.0.2
Sub-Agencles In London: 117/12, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch:" 52, Mosley Street, Manchester, 1.
AGENCIES 'AND BRANCHES:
KARDIN
VENANG HONG KONG BANJOON ILOILO ¡FOR
BAIGON
SEXIMBAN
Amer. Waterworks
10
National Supply Corp.
152
C. C. Roberta, Esq..
Change
Anaconda Copper.
30%
New York Central
5
Hon. Mr. A. L. Shields,
Atchison, T. & S. Fe.
221
Niagara Budson Power ..
221
Auburn Motors
11
N. American Aviation
211
Aviation Corp.
717
North American Co.
Sir Vandeleur M. Grayburn,
Chief Manager.
BOMBAY
CALOUTTA
ADENCIES: KOBE.
CLIVE STREAT
FALLI PLACK
CANTON
KUALA
KARACHI KLANG
SHANGHAI
SINGAPORE
SITIAWAN
LUMPUR
SOURABAYA TAIPING
Baldwin Lecompetive
177
Northern Pacific
623
Branches:
CAWNFORE KUCHING
TIENTSIN
Baltimore & Ohio
5
Owens-Illinois Glass Co....
311
CEBU
MADRAS
TONGKAR
Barber Asphalt Co. Barnsdall Of
157
Paclac Gas & Mec
Amoy
Johore
441
Bangkok
Kobe
Rangoon Saigon
COLOMBO
MANILA
(Bhuket)
11
Pacific Lighting
DELHI
MIDAN
TRINOTAC
Bell Aircraft Corp.
Bendix Aviation.
Bethlehem Steel
Buss.
Co.
Boeing Airplane Co,
Borg-Warner
Bridgeport Brass Corp. Briggs Mig.
Brooklyn-M'hattan
Brooklyn-Manhattan $6....
Budd M'facturing Corp.
Previous close, 147.73: Today's close.
Canadian Pacific R'way'. Case, J.I.
Celanese.
Chesapeake & Ohio
Chrysler Corpn.
Climax-Molybdenum Co...
Colts Patent Fire-Arms
Columbia Gas & Elec
Columbia 6 "A" pf.
64]: 13.76
107 83831
Frev. Today's High Low Close Close Change 10.80 '10.73 10.75 10.80 .05 up 19.36 19:24 19.38 19.24.14 aff
1087 1071
Commercial Credit Co...
Com, & Southern (Ord.)
Consolidated Edison
108
642
סנן.
Rup
Consolidated Ou Continental Can Continental Of
13.70 13.74 13.70
04 off
Copperweld Steel
Close
Opening
Closing
Change
Corn Products
10.75/75
10.74/74
10.80/80
Curtiss Wright (C)
,05 up
10.48/48
10.605
Curtiss Wright "A"
10.67/67
-.04 .up
10.53 N
Deere & Cove...............
10.80b
10.67/67
.04 up
Distillers Corpn. Seagrams
10.18/19
10.05/05
9.99 N
}
9.89 N
10.15/15 10.00/00
9.94b/96a 9.86/16
10.17/17
.01 of
Douglas Aircraft
10.02/02
.03 off
9.96 N 9.86 N
Du Pont de Nemours
03 of
Eagle Picher Lead
.03 off
Eaton Mfg. Co.
10.33 N
10.98 N
.05 up
Elec, Autolite
Elec. Bond & Share
Elec. Bond & Share $ pf.
14
Elec Bond & Share $8 pt.
Elec, Power & Light $7 pf.
19:38/45
19.34/36
19.24/28
.14.off
Fisk Rubber
18.35/98
18.90/90
18.85/85
.10 off
Flatkote
18.39b./70a 18,61/61
18.02/02
.07 off
Gen." American Trans.
18.50/50
18.40b/45a
10 of
Gen. Electric
18.44 N
18.35 N
1,09 off
Gen. Motors
Gen. Railway Signal
Gen. Tire & Rubber
1078/1071
100)/1061
107/1077 1001/106
1061/106) -1061/106
1084/1088 107/1061 1071/1071
Z up
Glidden Co.
Goodrich (B.F.)
up
Goodrich $5 pf.
קט !
Goodyear Tire & Co.
Opening
Friday's sales:-32,608,000 bushels
Great Northern Iron Ore
London
0/4
New York
CHICAGO CORN
"Great Northern Rly, pid,
5-3/4
Great Western Sugar
Japan
23-1/2
May
637/033 63/631
India
22-1/8
July
648/641
Paris Hongkong
2.04.
September
651/651
649/64 651/051 66/66
i up
Greyhound Corpn.
+ up
Eercules Powder Co.
up
Homestake Mining
26-3/4
WINNIPEG WHEAT
International Harvester
Nellers
Spot
Opening 0/4-1/3
Closing
May
2015
39/88
July
0/4-1/8
9070
Apr.
0/4-1/2
0/4-1/8
October
921b
891/891 91 b 93ła
up
Int Nickel
up
Inter. Paper & Power
1 up
Int. Tel. & Tel.
Johns-Manville
May
0/3-31/32 0/3-63/64
NEW YORK HIDES
J. & Laughlin Steel $7 pid. 358
II.S. DollarS
June
13.74/75
13.72/71
Spot
September
14.01/01
14.01708
13.70/70 13.87/97
.04 off .04 . off
Apr.
6-1/32
6-1/32
December
14.27b
14.23/32
May
5-13/16
New York Official
34-3/4
14.22b/24a .05 off unquoted,"
NY-London Cross Rate 3.51
3.50-3/4
155.92 131.41 30 Industrials
$6-1/32 E $6-1/32
5-25/32
Market: Very quiet,
Merchant Rates
Sterling, 04-3/32.
U.S. Dollars, $6.
Silver Duty Rate.
The Central Bank of China's
rate on London at 10 a.m. today
was 1/2-1/24,
HE WANTS TO LENDI ALLIES MONEY
WASHINGTON, April 28 (Reu-
LONDON MONEY MARKET QUIET
LONDON, April 28 (Reuter)--
ter)-Fundamental revision of the The Money Market was quiet and
The Equalisation rate was 9-1/2 neutrality legislation, to allow the the turnover smail during the
per cent
Notice: All Japanese will be closed on Monday.
Calcutta Exchange
markets
Calcutta, Apr. 27 (Reuter)." TT. on Japan; 89-7/8.
India Rupee Paper
Bombay, Apr. 27 Reuter). Govt. 34% Rupee, 94-12-0.
extension of banking credits to week. The chief feature is
the
the governments of warring coun- announcement that next week's
1939/40
*bid.
DOW JONES AVERAGE
High Low Dow Jones Averages, Apr. 26, High Low Close Change
25.90 24.14 20 Rails
147.73100148.28 147.84 148.12 30.68 30,75 30.54 30.71 94.85 24.80 24.86 24.81 89,17
MET
27.70 20,70..20 Utilities
́02.22" 84.51 - 40. Boads
65 67 45.59. 11 Commodity Index 0.93
.03 up .04 ott 89.19 .02 up B1.14
.21 up
Business Dons:-350,000 shares
Haiphong (Johore) Tientsio
HAIPHONG
HAMBURG HANKOW
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITs received for One Year or shorter perioda in Local or Other Currencies 'at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DROBITS 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 British Income Tax overpaid, ob
Also up to date SAFE DEPOSIT terms which may be ascertained at FloXEA in various sizes, To LET.
any of the Agencies and Branches. Hong Kong. 28th February, 1940.
B. A. CAMIDGE,
Manager.
THE CHASE BANK
The Business of the above Bank 13, QUEEN'S ROAD, CENTRAL
For the HONGKONG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager.
Head Office:-HONG, KONG No. 10 Des Voeux Road, Central,
Board of Directors:
SIE SEQUSON Caow, Chairman
Li Lan Sany, Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Po, Eng. Chan Ching Shok, Esq. Fung Ping Wah Eng KAN TONG Po, Esq.; Chief Manager LI TSE FONG, Esq., Manager
Branches and Agenciei;-
Koloo Penana Singapore
Hangoon Loudon
Bearsonya Bombay Manila Salzon Swator Jalontie Melbourne San Fran. Sydney
Magnasks Disco Tlantain New York Boattle Pancoster
Peiping
Shangha
Every description of Banking and Exchange business transacted. Loana granted on approved securities
HEAD OFFICE:
18, PINK STEKET,
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 THI CHASE NATIONAL BANE, NEW YORK, with Resources of ever U..$2,900,500,000.
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 Branches · in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facililica for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAT Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
Current Accounts opened in Local Currency and. Fixed Deposits reCANTON ceived for one year or shorter SWATOW periods in Local and Foreign Cur SHIUCHOW rencies qu
terms which will be quoted on application.
SAFE DEPOSIT BOXES To Lar."
KAN TONG PO,
Chief Manager.
INDO-CHINA
tries and the resumption of the Treasury Bill offerings will total STEAM NAVIGATION COMPANY LTD.
sailings of vessels under the £60,000 000 which means that for American flag to all countries in the first time since early February, Operating Services for Cargo and Passengers Europe, was advokated by Senator) there will be an expansion in out. Adams in an interview on Satur- standing Treasury bil tender dur- day.
ing the following week, '
"An American should have the
This week's offerings of £55,- right to invest his money any 000.000 were allotted at the aver- where he wants." declared Bena- age rate of 20s, 4.98 pence, which tor Adams,
was about one penny more favour- "If some aeroplane manufac-able to the Treasury. LONDON METALSurer wants to sell on credit to
EXCHANGE
1
London, Apr 26 (Reuter).
TIN
buyers aellers
£
ری
Standard, Cash 255-1/2 258 Standard,
3 months 250-3/4 · 251 Standard,..
Set'ment Price 255-172 Straits
276 to 281
烈
Germany, Britain or France, he should be able to do so."
SILVER MARKET
BOMBAY SILVER Bombay, Apr. 27 «Reuter).
Market. Quies. Offtake 50 bars.
Indian Mint Silver
Ready
June 3 Bettlement
July 2 Settlement
The Market received 36 per cent of Its requirements, which was slightly better than the previous
week.
Wall Street closed steady:
"This war is, in one of its minor objectives, a war to make the 68-14 world safe for the gold standard." E9-02 --Oscar Hobson, Financial · Editor, 69-05 ||| News-Chronicle)
TOL
BWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession Ab Shanghai, where passengers and cargo are landed.
For further particular
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE. 3O3IL · GENERAL MANAGERS
KONGMCON TO1SHAN 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 Facilities and Planncial Agents de The Provincial Government of Kingtong Head Ofce-Shiukwan, Kwangtong Province Longico Armach-Queen's Bldg., & Chater B4; Cable Address==""PROVINCIAL" 2019, 9488. Telephones:
20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT.
SOUTH, CHINA : Correspondenţa la New York and London; Paid Up Capital N$10,000,000. Reserve Capital ..............: N$10,300,000,
-AUYANG M«NEY,
Hongkong Manager;
Ajob?
Consul WANT ADS
37
Batavia
Kowloon San
$271*
Packard Motors
NEW YORK
ТОКОНАМА
201
Bombay
Kuala
Francisco
34
Pan-American Airways
PIPING
Calcutta
Lumpur Shanghai
P
83%
Paramount Pictures
Canton
Londou
Singapore
ال
181
Pennsylvania "R.R.
Chefoo
Lyons
351
Sourabaya
233.
Phelps-Dodge
Colombo
Malacca
Sungai
221
Philadelphia Read, "Coal
Dairen
Manila
Patani
39
Foochow
Muar
Swator
13
Phillips Petroleum
61*
223
Pittsburg Coke & Iron
42
Bankow
Mukden
Tokyo
Trans.
223
Public Service of N.J.
241
Harbin
New York Tsingtao
105*
Pullman Inc.
101
#oilo
Peiping Yokohama
56.
Pure Ofl
Ipoh
Penang
61
54
Radio Corpn. of Am.
15
701
Reading Company, Com
CURRENT
.26*
35
Reading Company, 1st pid
41.
394
|Remington Arms Co., Inc.
61
66
Republic. Aviation Corp.
211
3Th
Republic Steel
131
quoted on application.
811
Revere Cop. & Brass Inc...
431
01
Reynold Tobar. "B"
71
89*
Richfield' Of ....
491
45)
Safeway Stores
. 14
11
Schenley Distillers
85+
313
Sears Roebuck
ཏྭཱ
Shell Union Oll
121
HONGKONG SAVINGS
BANK
454
Socony-Vacunum 00
101
12}
፡፡
234
Southern Pacific
231
Southern Rly $5 pfd.
271
is conducted by the HONGKONG.
431
60+
Sperty.........................
10+
Spicer Manufacturing Co.
36
& SHANGHAI BANKING COR- PORATION. Rules may be obtain-
281
Standard Brands
73
ed on application.
221
Stand Gas & Elec.
13*
194
Standard Oil of California
221
884
Standard O of N.J.
411
1877
Stone & Webster
91*
101
Hong Kong. 4th Feb., 1939.
101
Studebaker Com,
344
Swift International
29
493
Technicolor
14
"BANK OF EAST ASIA,
#9
Texas Corpn.
46
را
LIMITED
341
611*
Texes Gulf Sulphur
70
Timken-Axle
25+
34
"
Trans-America Co.
57*
01
144*
20th Cent, Fox.
182"
20th Cent. Fox. $13 pf. .....
201*
Authorised Capital......810,000,000,00 Paid-Up Capital Reserve and Undivided
Profits
5,598,600.00
.2,983,261.50
527
Union Bag & Paper Corp.
17
· 37
Union Carbide & Carbon
821
534.
Union Pacific
951*
174
United Aircraft
491
19
United Airlines Trans
201
174*
United Corpn
21
183
United Corpn. 53 cum pt.
36
Li Koon Chun. Enq
64-
United Gas Corpn. ....
13.
P. K. Kwok, Esq.
- 21
United Gas Improvement
121
118
U.S., Industrual Alcohol.
261
273
U.S. Rubber
311
274*
US. Rubber $8 pid.
101
152
C.8. Steel
61
97*
Vanadium
37
Amay
571
Voltee Aircraft
101
Batavid
51
Walworth Co.
5)
30
Warner Bros. Pict
31.
Haiphong
201
Westinghouse Elec.
112]
Kaskow Kosolst
Paris
Semarang
Cobe
34*
Woodward Iron Cor........
201
714.
Chase National Bank
34"
National City Bank
281"
1-z. div.
41
Apr. 28, 1940,
39 up