יך
MAY
JUNE
JULY-SEPT.
'OCT.-DEC.
nicars
off on scattered Interest
luss Was
"
NEW YORK STOCKS:
Prev. Today's Close Close Change
1087 1071 1071
04) 83 632 642 13.70 13.70 13.74 13.70
1. up ,04 off
Close
Opening
Closing
May
10.75/75
1074/74
10,80/80
.05 up
July
10.48/48
10.60b
10.67/67
.04. up
July New contract)
10.63 N
10,00b
10.67/67
October
}
10.18/19
December (
10.05/05
10.15/15. 10.80/00
10.17/17
.04 up .01 off
10.02/02
January
}
9.99 N
9.94b/960
9.96 N
March
(
"
}
9.89 N
9.88/86
9.86 N
Spot
10.93 N
.
10.98 N
.03 off .03 off .03 off .05 up
4
Total sales Friday:-37,200 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK BUBBER
May
July
September
December
January
19.38/45
19.34/36
18.95/96
18.00/90
18.69b/70a 18.81/81
18.50/50
18.44 N
19.24/28 18.85/85 18.62/82. 18.40b/45a 18.35 N
14 of .10 off .07 off .10 off
.09 off
Total sales:-830 tons.
CHICAGO WHEAT
May
1078/107)...
1072/1073
1081/1081
July
1067/1061 106)/10€
September
1061/1062 106/106
107/1061 1072/1071
together. NEW YORK COTTON; Heavy price-fixing of 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- erally is favourable
NEW YORK RUBBER: Prices again levelled May liquidation on a thin market. Fhelory evidence.
CHICAGO
On demand
On Bangkok:--
WHEAT: Hedging and realizing caused an earlyMarket Report
by local interests.
eastness but prices rallied on evening up strength of Com market was impressive and foreign interest sp- peared to be reviving.
148.12; Change, up 39.
FROM ROZA BROS
Silver prices were unchanged over the week-end, the quotations
Previous close. 147.73; Today's close, remaining at 20.13/18 for Ready
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
High Low 10.80 10.73 10.75 10.80 .05" up 19.38 19.24 19.38 19.24 .14 off 1081 å up
Ameri-
and 20.3/4. for. Forward can Silver was quoted at 34.3/4
for Spot.
The London/New York. rate was quoted at 402.1/2, New York/Londoa was quoted at 350. 3/4
Market
Extremely quies
Sterling
There were sellers at 1/2.29/32 for near and 1/2.7/8 May/Nov- Change" ember, buyers at 1/2.15/18 Cash and probably 1/2.29/32 September. U.S. Dollars
A small business was reported at 21.13/16 for Cash. The market closed at 1 p.m. with a probable sellers at 21.13/16 Cash, -21.3/4 May and probably 21.11/16 June, buyers at 21.7/8 Cash, 21.13/16 May and 21.3/4 June.
Shanghai Dollars
Business was done early in the" morning at 360. Subsequently the rate receded to 359.1/2 Towards 1 p.m. there were sellers again at. 360 for Spot.
2
Shanghai Market Sterling sellers at 4.9/64 tor Spot and US. Dollars
at "8.1/32 up sellers for near delivery.
AFTERNOON MARKET
Boeing Airplane Co.
Borg-Warner
Eagle Picher Lead Eaton Mfg. Co.
Elec. Autolite
Elec. Bond & Share
On demand
On Manila:
PAGE 10-HONGKONG. DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Previous . April 27
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
APRIL 29, 1910.
On London:
Telegraphic Transfer. 1/13/16 Bank Bills, on demand.1/9 13/18 Credits 4 months' aight | 31/8
On Shanghai:-
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
"STOCKS.
Telegraphic Transfer, lgg 1/4
and demand
On New York:-
Bank Bills, on demand 21:1/9 Credits. 60 days' sight 22 3/8 On Batavia-
On demand... 40 On Parla:-
Bank Bills, on demand 1085 Credits 4 months' sight 1140
On Saigon:-
Aluminium Ltd. Amer. Can
American Cyanamid "B.... Amer. & Foreign Power · AmerForeign $7 på. American Gas & Elec.
Amer. Locomotive Amer. Metals Co.
On demand
350
On Singapore
On demand
52 1/8
New York. April 27, 1940.
Op Japan:-
On demand
91 1/2
SINGAPORE RUBBER
Closing Opening Closing Change
On India:-
Buyers
Buyers
SPOT
34 cts.
35-7/8
35-7/8
off 1/8
JULY-SEPT.
35-1/8
34-7/8
OCT.-DEC.
34-1/4
34 cts.
34-7/8 off 1/4 34-1/8 off 178
The market was quiet.
..'LONDON RUBBER
Previous close Today's close
buyers
« buyers
Change
SPOT
10-15/16
10-15/16 11
Market closed
11-1/18 11-1/16
APRIL 28, 1940 STOCKS
Last Bale
Last Sale
Apr. 27
Apr. 27
Adams Express
7
Kennecott Copper
41*
Alleghany Steel Co.
241
Lakey Foundry & Mac. N
50
Allied Stores
8
Libbey-Owens-Ford
Glasa
381
Sterling
Allis Chalmers
34
Lockheed Aircraft
341..
Heserve Liability of
99*
Loew's Inc.
361
Proprietors
$20,000,000
1154
Loft Incorperated
251
*|
TUESDAY, APRIL 30, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK ÖP
BANKING CORPORATION
INDIA, AUSTRALIA
སྐ་་
AND CHINA
Authorised Capital... $50,000,000
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1819
Reserve Funds:
Paid Up Capital £8,500,000 Reserve Fund
....£3,000,000
£3,000,000
£3,000,00€
HEAD OFFICE: LONDON:
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
371
Mack Truck Inc.
432
Head Office:—HONG KONG
14
Martin, Glen L
27
L
251*
McKesson & Robbins, pra.
115
36*
Monsant Chemical
50
Board of Directors; H. V. Wilkinson, Esq.,
201
Montgomery Ward
14
217*
National Aviation
171
Chairman. Hoa. Mr. J. J. Paterson,
Amer. Radiator
81
Nas. Dairy Products
251
Amer, Rolling Mul
154
Nat. Distillers
91
Amer. Sting and Ring Co.
.50
National Gypsum
21
Deputy Chairman. J. K. Rousfeld, Esq., A. H. Compton, Esq.,
Amer. Sugar Refining
211
National Lead
B
Hon. Mr. S. H. Dodwell,
Amer. Tel & Tel
1731
Nat, Power & Light
G. Miskin, Esq.,
651
Amer. Tobacco “B”
90
National Steel Corp.
K. S. Morrison, Esq.,
81
T. E. Pearce, Esq.,
Amer. Waterworks
10
National Supply Corp.
151
C. C. Roberts, Esq.,
ALOE STAR AMRITSAR BANGKOK BATAVIA BOMBAY
38, Bishopsgate E.C.2. Sub-Arenoles En London: 117/123, Leadenhall Street, EC.. West End Branch: 14/18, Cockspur Street, S. W. 1. Manchester Branch: 69. Mosley Street, Manchester, 1
AGENCIES AND BRANCHES:
HARRIN PENANO HONG KONG MANGOON (LOILO
BAIGON
1POR
BERIMBAN
KARACHI
SHANGHAI
Anaconda Copper
30
New York Central
5
Hon. Mr. A. L. Shields,
QALCUTTA KLANO
SINGAPORE
Atchison, T, &, S, Fe:
221
Niagara Hudson Power
221
Auburn Motors
14
N. American Aviation
Sir Vandeleur M. Grayburn,
211
108 1/4
Aviation Corp.
712
North American Co.
FAIRIN PLACE Chief Managerz
83
Baldwin Lecomėtive
171
| Northern Pacife -
821
Branches:
43
Baltimore & Ohlo
5
Owens-Illinois Glass Co..
CANTON CAWNPOR CASU
AGENCIES! КОВЕ Quare ST
KUALA
KUCHING MADRAS
SITIAWAN
BOURABATA
LUMPUR
TAIPING
TIENTSIN
Barber Asphalt Co.
15
Pactie Gas & Elec
Amoy
Johore
440
On demand .....
160
Barnsdall 011
119
Pacific Lighting
Bangkok Kobe
Rangoon Saigon
COLOMBO
MANILA
TONGKAR
(Bhukot)
DELFI
XIDAN
YSINGTAO
*3+
On Sterling Notes:-
Bell Aircraft Corp.
271*
Packard Motors
201
Bank Buying Rate Bar Silver per oz
1/4
Bendix Aviation
34
Pan-American Airways
78
90 13/18
Bethlehem Steel·
831
Paramount Pictures
"22
in
Bliss & Co.
181
Pennsylvania R.R.
361
239
Phelps-Dodge
221
Philadelphia Read, Coal.
39
The
Bridgeport Brass Corp. Briggs Mig.
131
Phillips Petroleum
81.
22"
Pittsburg Coke & Iron
42
Brooklyn-M'hattan Trans.
221
Public Service of N.J.
241
Brooklyn-Manhattan $6.... Budd M'facturing Corp. Canadian Pacific B'way..
105*
Pullman Inc.
10
51
Pure Oll
5+
Radio Corpn. of Am.
15
Case, J.I.
70+
Reading Company, Com
26*
cross-
Celanese
35
Reading Company, 1st pfd
#*
Chesapeake & "Ohio Chrysler Corpn.
391
Remington Arms Co., Inc.
of.
86
Republic Aviation Corp. ...
211
Climax-Molybdenum Co...
37+
Republic Steel
131
Colts Patent Fire-Arma Columbia Gas & Rec...
811
Revere Cop. & Brass Inc.
431
Reynold. Tobac. "B"
Columbia 6% “A” pí: ...
89*
71
Richfeld 01
491
Commerdal Credit Co....
45+
Safeway Stores
14.
Com, & Southern (Ord.) Consolidated Edison Consolidated Ou Continental Can
.11
Schenley Distillers
851
314
Sears Roebuck
12}
74
Shell Union Oil.
451
Socony-Vacuum Oli
107
Continental Oll
23+
Southern Pacific
124
Copperweld Steel
232
Southern Riy $5 pfd.
Corn Products
Sperry
Curtiss Wright (C.)
101
Spicer Manufacturing Co.
Curtiss Wright -“A”
281
Standard, Brands
Deere & Co.
221
Stand Gas & Elec.
11
Distillers Corpn. SeagraWS
197
Standard Ol of California
221
Douglas Aircraft
881
Standard Ou of N.J.
411
Du Pont de Nemours
187
Stone. & Webster
91*
104
Studebaker Com,
10%
344
Swift International
291
14
493
Technicolor
46
61
Texas Corpn.
Elec. Bond & Share $5 pr. 61* Elee Band & Share $8 p.
Texes Gulf Sulphur
341
26)
701
Timken-Axle
Elec. Power & Light $7 pl.
34
Trans-America Co.
51*
Fisk Rubber
141-
20th Cent. Fox.
81
up up
Flintkote
183
20th Cent. Fox, $11,pf. .....
201
Friday's sales:--32608,000 bushels.
The market was quiet in the äfternoon.
Gen. American Trans.
522
Union Bag & Paper Corp." 171
Gen, Electric
37
Union Carbide & Carbon
821
CHICAGO CORN
May
831/834 63/63&
July
641/641
641/641 551/651
September
651/651
66/66
מנו :
WINNIPEG WHEAT
May
301b
89/882
July
903b
October
922b
891/89) 911b 9010
up
1 up
up
NEW YORK HIDES
June
September
11.74/75 13.12/71 14.01/01 14.01703
December
14.27b
14.23/32
13.70/70 13.97/97 14.225/242 .05
נו
New York Official
NY-London' Cross Rate 3.51
34-3/4
unquoted, 3.50-3/4
LONDON STOCK EXCHANGE
4REUTER'S SERVICE}
London, April 26. Jap. 5% Ster Loan, 1907 471 The following quotations are the Jap. 6% Ster, Loan, 1924 534. middle prices at the close of the Ger, 7% Intl. Loan, 1924 market in London. All quotations Chartered Bank ...... are subject to confirmation and no H.K. & S'ha! Bank (Ldn.
Reg.) responsibility is assumed for errors in transmission.
Sterling
i up No business was reported finish- uping with sellers a; 1/2.29/32 for near and 1/27/8 May/November, buyers at 1/2.15/16 Cash and pro- bably 1/2.29/32 September.
U. S. Dollarg
Nothing doing. The market clos- ed with sellers at 21.13/16 Cash. 04. of 21.3/4 May
and 21.11/16 June.
04 off buyers at 21.7/8 Cash, 21.13/16 df May and probably 21.3/4 June.
Shanghai Dollars
Sellers at 360.
Shanghai Exchange
Shanghai. Apr. 29 Reuter).
Official TT, Fates
Goodrich (BF) Goodrich $5 pr. Goodyear Tire & Co.
Get. Motors
531
Union Pacifis
95)*
Gen. Rallway Signal
173
United Aircraft
491
Gen. Tire, & Rubber Glidden Co.
18
United Airlines Trans
204
179*
United Corpn
21
162
United Compa. $3. cum pf.
384
*64*
United Gas Cerpa........
1*
213
United
Ga Improvement
12
Great Northern Iron Ore...
14
U.S., Industrual Alcohol
261
Great Northern Rly, pfd.
273
U.S. Rubber,
311
Great Western Sugar
277
US. Rubber $8 pfd.
101
Greyhound Corpn.
151
U.E. Steel
61
Hercules Powder Co.
97*
Vanadium
37h
Homestake Mining
......
571
Vultee Aircraft
101
International Harvester.... Int Nickel ......
54:
Walworth Co.
51
30.
Warner Bros. Pict.
34
Inter. Paper & Power Int, Tel. & Tel.
201
Westinghouse Elec.
1121
Woodward Iron Cor.
281
Johns-Manville
714
J. & Laughlin Steel 7 pfd. 351 "
Chase National Bank ...g National City Bank
འརླན
281*
Londor
New York
74
Гаряп
9-7/16
93
"India Parts Hongkong
3
די
War Loan, 31%
after 1952) Canton-Eloon. Rly. 5% 15 Chinese 4% Gold Loan
1898 (Brit. Issue)
(Red
99-9/161
HK. &. S'hai Bank (Col.
Ile) Chinese Eng. & Mining
(bearer)
931
Opening Closin
Chosen Corporation Pekin Syndicate
19/8 6/8:
2
58
Shal Elec. Constr: Co.
15
Chinese 5% Gold Bonds,
1925-47
S'hal Waterworks "A"
62
Chin. 41% Anglo-French
Union Insurance. Gula Kalumpong Rubber
15 201
Loan, 1908................ 50 Chinese 5% Crisp Loan.
Allled Tronfounders
18/6 14
1913 (Ldn. Is.) Chinese 5% Reorg. Loan.
1912 Chinese 8% Ster. NtER.
254
Cable & Wireless, New
Asso. & Elec. Industries 40/1 Austin Motors, ord....... 15/8 -..
0/3-83/64 0/4-1/64
U.S. Dollars
Spot
May
apot $6-1/32 $8-1/18 Apr. 2..... 6-1/32" 5-1/16 May
5-13/16 5-13/16 Market: Quiet but steady,
Merchant Bates
US Dollars, $8.
0/4-1/8 Apr...... 0/4-1/8
0/4-9/64
0/4-9/84
Y
Sterling. 0/4-3/32.
TO
34
Form, ord:.....
572
B.-A. Tob, (bearer)
Smethwick Drop Forg....
105
Armstrong Stevens, ord.
13/9" 8/6
1925 (Vicker)
Mexican Eagle
12#
Pressed Steel, com,
17/14
Chin. Imperial Fly, 5%
Loan
Cammell, Laird, ord.
7/41
Vickers, ord.
17/101
80
Honan Rly, $%
Hukuang Rly. 6%. 1911. 19
Bukuang Rly. 6%, 1911
849
Mexican Eagle
8/41
Woolworths
60/6.
15
Courtaulds
38
Anglo-Dutch
21
Distillera
67
Dunlop Rubber
34
German 1ssue)
17
Gen. Electric (England), 80
Rub, Plant. Invest. Trust Burma Corporation.... Commonwealth
28/9
9/3...
Mining
Lung Tsing U. Hai
Bly. 5% 1913
Bhal-N'King Rly. 5%...
Guinness (A) Bon & Co. Hawker Siddeley Airc.... Bristol Aeroplane
79
Marsman Investments
.14
13/3
Randfontein Estates...
40/
14/74
Western Holdings
10/0
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Imperial Chemical Ind.
31/74
Sub-Nigel
201/3
13
'Imperial Tobacco......
116/3
Tanami Gold Mining
Bd.
Tientsin-Pukow Rly, 5%
Marks & Sp'cer "A" ord.
44
Anglo-Iranian
85
German stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd, Supl. Loan) 13. Tientsin-Pukow Rly. 5%
(Ger. Stpd, Bupl. Loan) 13
13
Rolls Royce
85
Burman ...
72/8
Leyland Motors ........
72/3
Shell Trans. & Trad.
Tate Lyle.......
54/3
(bearer)
76/3
Turner & Newall
€5/11
Nominal
United Steel
23/7
-ex-dividend
Opening
0/4
5-3/4
23-1/2
1039/44
-22-1/8
2.94
28-3/4
יי
Nellers
High Low Dow Jones Averages.
155.92 121.41 30 Industriale
35 90 24.14 20 Rails
27.70 20.70 20 Utilities
32 22 84:51 40 Bonds
89.17
69.19
.09 Ep
05.07 45.59 11 Commodity Index 80.93.
61.14
.21 up
Baziness Done :-350,000 shares
*--bid.
-ex, dv. DOW JONES AVERAGE.
Apr. 28, 1940% Apr. 20, High Low Close Change
147.73 148:28 147.84 148.13
39 up 30.88 - 30.70 30.54 :30.71 43 Up 21.85 24.86 24.80 2481 .04 off
Lyons Sourabays
Patani Swatow Johore), Tientsin Mukden Tokyo New York Tsingtao Peiping
Yokohama
NEW YORK YOKOHAMA EWIPING
(Peking)
FORELOS EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOSITS received for Ons. 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 Starling with
ACCOUNTE 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" perioda in Local and other Cur- undertakes Executor and Trustes rencies on terms which will be business, and claims recovery öf British Income Tax overpaid, on terms which may be ascertained at. any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
BANK
THE CHASE BANK
The Businesa of the above Bank 14, QUEEN'S ROAD, CENTRAL is conducted by the HONGKONG
& SHANGHAI BANKING COR- PORATION. Rüles may be obtain- ed on application.
For the HONGKONG & SHANGHAI RANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SIE SHOUSON CHow, Chairman,
P. K. Kwok, ESĮ.
Li Lan Seng, Esq.
Wang Cha Son, Esq. Wong Yan Tong, Eaq. Kan King Po, Eag. Chan Ching Shok, Eos, Fung Ping Wah Eng KAN TONG PO, Esq., Chief Manager Li Tar Foxo, Esq., Manager
Branches and Agencies:---
Келовекут
Pasant Hingaporo Pangoon Зацемошук Baigon Bestow Melbourne San Fran. Bydney
cisod Ticotin
Magnanka
New York Betule Vancouver Paris
Semarang
Patplug Shanghal
HEAD OFFICE;
-18, PINK ŠTRENT,”
NEW YORK. -
An American Bank offering com
.plete Foreign Banting Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANI, NEW YORK, with Besources of evan 13.8.$4,900,000,000.
D. M. BIGGAR,
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 ÚHINA) Owing to our numerous Branebes 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," Č. South China Offices:
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Locat Currency and Fixed Deposits reCANTON ceived for one year or shorter SWATOW periods in Local and Foreign Car BHLUCHOW rencies ou terms which will br quoted on application,
SAFE LEPOSIT BOXES TO LET
KAN TONG PO,
Ohiej Manager,
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
BANDAKAN
- 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 ZOBII GENERAL MANAGERS &
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home | and Abroad.
SHOU J. CHEN,
Manager.
THE KWANGTUNG PROVINCIAL
+1
BANK:." (facorporated in "hiest General Banking Facilition and Financial Agenta te The Provincial Government of Kwangtang
Head Office-Shlukwan, Kwangtuby Frarione Hongkong Branch --Queen's Mildg., & Chater Ed." Qable Addresses-"PROVINCIAL” 2539, 9442, ** Telephones; mal.
20112, 20113, 20143, 20181, 31681, BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London Paid Up Capital ...... N$10,000,000. Reserve Capital ....... N$10,500,000.
AUYANG MANLY
Hongkong Masgai,
A job?
WANT ADS
Batavia
Kowloon San
HAIPHONG
Bombay
Kuala
Francisco
Calcutta
Lumpur Shanghai
HAMBURG HANKOW
L'anton
London..
Singapore
Chefoo
Colombo
Malacca
Sungei
Dairen
Manila
Foochow
Muar
Haiphong
Bankow
Earbin
floilo
Ipoh
Penang
CURRANT
quoted on application.
ALBO up to date Sara DEPOSIY Boxs in various sizes To Let- Hong Kong, 28th February, 1940,
HONGKONG SAVINGS
Hong Kong 3th Feb., 1939.
BANK OF EAST ASIA,
LIMITED
Authorized Capital...$10,000,000.00
"Paid-Up Capital
5,598,600.00
Reserv and Undivided
Prosta
.2,983, 281.50
S
Li Koon Chan, Esq.
Amoy
daterin
Loudne
'Bombay
Manila
Calenda
Halpbang
Hanko
Monolalu Kabe