The market was steady but quiet. LONDON RUBBER"
Previous close" Today's close
SPOT
Buyers 13
Buyers
APRIL
12-1/2
MAY.....
Un demand
On Manila:-
On demand
On Bangkok:-
On demand ....... On Sterling Notes:-
Bank Buying Rate Bar Silver per oz......
150 1/4
1/3 11/18 20 3/4
.... 108 1/4
JULY-SEPT., OCT.-DEC.
11-15/16 "Market closed 1141/4 11
PAGE 10-HONGKONG DAILY PRESS
VANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 19, 1940
"On Landon:
Telegraphic
Transfer. 1/2 13/18 Bank Bills, on demand 1/2 13/16 Credits 4 months" sight 1/3 1/8
On Shanghai-
On demand......................... 343
On Singapore:--
On demand
On Japan:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
39 1/
J 1/4
SINGAPORE RUBBER
Transfer.1
*·|-89 19
"
On demand
On Didia:-
Telegraphic
and demand
On New York:-
Bank Bills, on demand 14 3/8
Credits, to days' zight 20
On Batavia!—
On demand.............43 9/8
On Paris:-
Bank Bulls, on demand 1085 Credits 4 months' sight 1140
On Saigon:-
ΕΡΟΥ APRIL-JUNE
JJULY-SEPT.
NEW YORK, FEBRUARY 17, 1940.
February 17. Previous Closing Opening Closing Change Buyers Buyers .38-1/2 38-1/2 38-1/2 36-3/8 96-3/8 36-3/8 34-7/8 34-7/8 34-7/8
1 NEW YORK STOCK EXCHANGE
QUOTATION
„(REUTER'S EERVICE)
22
Nat, Distillers
National Lead
STOCKS
Last Sale:
FEBRUARY 18, 1940
STOCKE
Feb. 17
Last Sale Feb, 17
Adams Express
71
Kennecatt Copper
364
...$90,000,000
Alleghany Steel Co.
Lakey Foundry & Mac...
"TUESDAY, FEBRUARY 20, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital. $50,000,000
い
INDIA, AUSTRALIA AND CHINA
Issued Fully Paid Up 830,000,000 Incorporated by Royal Charter, 185 Reserva Funda :
Paid-Up Capital .............£3,000,000 £8,800,000 Reserve Fund Sterting
£3,000,000 H.K, Currency Reserve $10,000,000 Reserks Liability of Pro- Reserve Liability of
prietors
£3,000,004 Proprietors
HEAD OFFICE: LONDON;
Allled Stores
9.
Allis Chalmers
.377
Libbey-Owens-Ford Glass 501 Lockheed Aircraft
Head Office:-HONG KONG
301
Aluminium Ltd.
95
Loew's Ing.
$61
Amer. Can...
1152
Mack Truck Inc. ...
251
Board of Directors: Hon. Mr. A. L. Shields,
American Oyanamid B.
95
Martin, Glen L
41
Amer, & Foreign Power
10
McKesson & Robbins, pfd. 241*
H. V. Wilkinson, Esq.,.
Amer & Foreign $7 pf..
25+
| Monsanto Chemical
110
| American Gas & Elec
351
Montgomery Ward
54
Amer. Locomotive......
191
National Aviation.
124°
unch.
Amer. Metala, Co.
241*
| Nak, Dalry Products
17
Amer. Radiator
97
241"
D. F. Landale, Esq.,
Amer. Rolling MIÐ
151
National Gypsum
11*
Amer. B'ting and Ring Co.
503
201
K. S. Morrison, Esq.,
Amer, Sugar Redning
Hon. Mr. T. E. Pearce,
21+
Nat, Power & Light
77
Amer. Tel, & Tel.
C. C. Roberta, Esq.,
1711
National Steel Corp.
69
Change
Amer. Tobacco “B”
90
National Supply Corp.
9.
Bir Vandeleur M. Grayburn,'
Amer. Waterworks .....
10
New York Central
17
Chief Manager.
"Anaconda" Copper
291
Niagara Hudson Power....
51
Branches:
Atchison, T. & 8; Fe.
231
|N. American Aviation ...
244
Chairman.
Deputy Chairman.
J: K. Bousfeld, Esq.," A. H. Compton, Esq., Hon. Mr. B. H. Dodwell,
G. Miskin, Esq.,
35, Bishopsgate E.DS Sun-Agencies In London: 117/18. Leadenhall Street, Eda West End Branch:
14/16, Cockspur Street, 8.W.1. Manchester Branch:
59, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
HARBIN
ALOR BTAR AMBITBAN BANGKOK BEJAYIA BOMBAY
PENATO
LONG TONG LANGOON ILOILO ТРОЯ KARACHI
DELOCITA KLANO
AGENCIES: JOEN
CLAYS KERT
KUALA
LUMFUE
BALGON
DEREMBAN
SHANGHAI
BINGAPORE
BITIAWAN
- BOURABAYA
TAIPING
TIENTSIN TONGKAH
CANTON CAWNPORE
KUCHING
C
MADRIS
Auburn Motora
1
North American Co........
-217
Amoy
Ipoh
Baltimore & Ohio
51
Worthern Pacific
Bangkok
Johore
Penang Rangoon
COLOMBO DELHI
MANILA
(Bhuket)
MESAN
81
Market Report
FROM ROZA BROS. Suver prices were unchanged over the week-end, the quotations. remaining at 20.3/4 for Ready and American 20.11/16 for Forward. Silver was quoted at 34.3/4 for Spot.
The London/New York Crosa- rate was quoted at 402.1/2 New York/London was quoted at 395. 7/8.
NEW YORK COTTON: There have been some, Spot house selling for March and some of the open Interest in March transferred to May. The market was quiet though there was constant domestic and spinner buying on a broader scale. Open interest in May now totals We ex- 1,100,000 bales and is expected to exceed 1,250,000 bales. pect May positions will become, increasingly strong when May con tracts approach maturity.
NEW YORK RUBBER: Better consumption outlook and light offerings at higher prices were today's stimulating influences.
CHICAGO WHEAT: The bullish interpretation of the official Argentine crop estimate was off-set" by fears of the release of the government loan wheat which amounts 137,000,000 bushels and which will mature on April 30.
Bendix Aviation Bethlehem Steel Bliss Co.
NEW YORK STOCKS: Previous close, 148.20; Today's close, Chesapeake & Ohio 148.72; Change, up 52
NEW YORK COMMODITY MARKET
Batavia Kobe
Saigon
Barber Asphalt Co. Barnsdall Of
154
HAIPHONG
Owens-Dillmols Glass Co.
Bombay Kowloon
San
HAMBURG
NEW YORK FIPING
TSINGTAO KOKOHAMA
117
Pacific Gas & Elec
344
Calcutta Kuala
211
Pacific Lighting
471
Canton
Lumpar Shanghai
781.
Packard Motors
31
Chefoo
London
Singapore
14
Paramount Pictures
Colombo
Lyoas
Sourabaya
Boeing Airplane Co.
24
Pennsylvania R.R.
32*
Dairen
Malacca
Sungei
Borg-Warner
231
Phelps-Dodge
381
Foochow Manila
Patani
Bridgeport Brass Corp. Briggs Mfg.
111
Phillips Petroleum
391
Haiphong Muar
נו
Swatow
211
Pittsburg Coke
Iran
Hankow Mukden
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $6... Canadian Pacific R'way Case, JI Celanese
197
Public Service of N.J.
Harbin
New York
Tokyo Tsingtas
78
Pullman Inc.
Iloilo
"
5
Pure Oll
י
691*
Radio Corpn. of àm. ...........
291
Reading Company, Com
16
40
Reading Company, ist pid
26*
Chrysler Corpn. Cilmax-Molybdenum Co.
854
Remington Arms Co., Inc.
*j*
381
Republic Aviation Corp....
61
44
Colts Patent Fire-Arins ... Columbia Gas & Eleg, ........*
781
Republic Steel
21
Revere Cop. & Brass Inc.
13
Markas
Quirt.
Sterling
There were sellers at 1/27/8 1/2.29/32 Teb-June, buyers at
Cash.
(REUTER'S SERVICE)
Columbia 6% “A” pf.
881
Reynold. Tobac, "B"
402
Prev. Today's -
Commercial Credit Co..
481
Richield of
7*
Close
11.03/03
May
10.78/78
and at the close sellers were quot-
|
July
10.37/38
July (New contract)
10.52 N
October
{
9.72/74
December ( } January { ..) Spot.....
9.62 N
3
9.58 N
11.14 N.
U.S. Dollars Bellers at 24.1/2 first half Mar.. buyers at 24.5/8 Cash and 24.9/18 first half Mar.
Shanghai 'Dollars
The lowest rate touched was 349
ed at 3511/2, buyers bidding 352. 1/2
Shanghai Market Opened with sellers for Spot at 4.5/92 and 6.7/8 and towards the close sellers for Spot were quoted at 4.13/64 and 8.15716.
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York Hides, Mar. NEW YORK COTTON
March
Total sales yesterday:-58,500 bales,
First Notice Day for March Cotton-27/2-Last Notice Day-15/3 Rec. Bond & Share $5 pt. NEW YORK RUBBER
11.04
11.02
11.03
19.10 19.03
19,00
High Low Close Close Change
11.03 unch. 19.09 .09 up
Com, & Southern (Ord.)
11
Safeway Stores
50
Consolidated Edison Consolidated Oil
32
Schenley Distillers
121*
73
Sears Roebuck
831
1041
102)
671 581
14.35 14,07
103+ 1027 55 561 14.18 14.07
A off
Continental Can
404
Shell Union Onl
·117
Opening
Closing
unch. 11 of
Change
Continental OB
241
Socony-Vacuum Ou
114
Copperweld Steel
18
Southern Pacific
131
Corn Products
85.
Bouthern Rly $5 pfd.
291
Curtiss Wright (C)
101..
Sperry.
45
11.02/02
11,03/03
unch.
Curtiss Wright "A"
29+
Spicer Manufacturing Co. 31
10.78/76
10.78/78
.02 up
Deere & Co.
214
Standard Brands
7
10.38/38
10.38/38
.01 up
Distillers Corpn. Seagrams
191
Stand Gas & Elec.
10.55 A
10.53 N
.01 up
Douglas Aircraft
821
Standard Oil of California
241
9.75/75
9.74/74
.02 up Du Font de Nemours “....
1841
Standard Out of N.J.....
444
9,64/04
9.64/64
מעי גס,
Eagle Picher Lead
101
Stone & Webster
107
9.81/61
9.02/62
04. p
Faton Mfg. Co.
311
Studebaker Com
-121
1118 N
.04 up
Elec, Autolite
361
Swift International
311
dec. Bond & Share
7:
Technicolor
15+
58
Texas Corpn.
441
Mec. Bond & Share $8 pf.
651*
Texes Gulf Sulphur
35
Shanghai Exchange
March
19.00/00
18.98b/19,038 19.09/09
.09 up
Elec. Power & Light $7 pf.
304
Timken-Axle
221
Shanghal, Feb, 19 (Reuter)
May
18.51/53
18.60/61
18.56b/59%
.05 up
Fisk Rubber
154
Trans-America Co..
54
Omelal -T.T. Rates
July
18.20/25
...
18.30/32
18.25b/30a
.05 up
Fiintkote
197
20th Cent. Fox.
12.
London ......
0/4
September
17.95/09
18.07/08
New York
6-9/10
December
17.74 N
18.02 N 17.85 N
07 op
Gen. American Trans.
544
20th Cent. Fax, $1ł pl. .....
234"
11 up
Gen. Electric
387
Union Carbide & Carbon
844
Japan
27-7/8
India
Paris"
22-1/8
2.94..
Total sales:-1,130 tons,
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 CHICAGO WHEAT
Gen. Motors ".
531
Union Paciāc
931
Gen. Railway Signal
163*
United Aircraft
47%
Head Offee-HONG KONG No. 10 Des Voeux Road, Central
Gen. Tire & Rubber
United Airlines Trans
151
Hongkonk
26-3/4
May
Sellers
July
September
1031/104 101/102 1004/1004
1023/103 103/102 101/1001 1002/100% 100/1001
# of landden Col^.
18
United Corpn,
21
# of
Goodrich (BF)
181
United Corpn. $3 cum pt. 401
unch.
Goodrich 35 pt.
64*
United Gas Corpn.
*14
Opening
Closing
Spot
0/4-5/32
0/4-13/84
Friday's sales:-23,567,000 bushels.
Goodyear Tire & Co.
241
United as Improvement 144
Feb.
0/4-5/32
0/4-13/64
CHICAGO CORN
Great Northern Iron Ore ..
14
U.S., Industrual Alcohol...
211
Mar
0/4-3/32
0/4-9/84
May .......
1).
U.S. Dollars.
July
Bpot
$8-7/8
$8-15/16
September
Feb.
8-27/32 8-15/16
WINNIPEG WHEAT
Mar.
6-3/4
8-13/16
May
Market: Quiet.
July,
Merchant Rates
October
581/561 57/57 571/571
Bs b 871/871 881B
501/587
www
581/561 581A -571/57#
unch
Great Northern Rly, pfd.
24..
U.S. Rubber
371
I up
Great Western Bugar ......
271*
U.S. Rubber $8 ptd.
112
up
Greyhound Corpn.
16
U.B. Steel
581
Hercules Powder Co
89*.
Vanadium
331
87$/873
881/881
1. up Homestake Mining
564
Walworth Co.
61
Amoy
Sterling, 0/4-5/32
NEW YORK HIDES
US. Dollars, #8-13/18.
March
Silver Duty Esta
June
14.18/19 14.46/47
The Central Bank of China's September............... 14.73b/75a rate on London at 10 am today.
was 1/2-1/28.
The Equalisation per.cent;
.09 off J. & Laughlin Steel 37 pfd. 81j .08 Off
First notice day for March hides: 26/2/40 last trading day:- 25/3/40.
891/891 9013
14.2lb/35a 14.07/08 14.52/53 14.37/37 14.76b/82a 14.65/85
11 up International Harvester
67
Warner Bros. Pict.
41
Bombay
11 up
Int Nickel ..
371
Calgetés
Westinghouse Elec,
113+
Ini Tel & Tel
*4*
Woodward Iron Cor.
241
Baskor
Honstela
11 off Johns-Manville
721
Chase National Bank
35*
Cabe
National City Bank
291"
-bid.
-ex, div.
Francisco KANIOW (Peking)
Hamburg (Johore) Tientsin
Peiping Yokohama
FORLION EXCHANGE and General Banking Business tranisoted.
CUREINT Accounts opened and
·FIXED · DEPOBITS received for One Year or shorter periods in Local or | Other` Currencies at raten whình
will be quoted on application.
Savings Accounts also opened in Local Currency and Starling with
on application.
CURRENT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITE
The Bank's Head Ofos in Londön received for one year or shorter periods in Locs! and other Our-undertakes Executor and Trustee rencies on terms which will be business, and claima recovery of quoted on application.
British Income Tax overpaid, on
ALBO up to date SAFE DEPOSIT terms which may be ascertained at ROXE in varions visen To LET any of the Agencies and Branches. Hong Kong, 11th January, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKUNG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN
Chief Manager. Hong Kong, 28th Feb.. 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided
Profits
3,683,933.01
Board of Directors:
Bir Bhouson Chow, „Chairman'
Li Hoon Chan, Enge Li Lan Sang, Bag, P. Kwok, Esq Wong Cha Bon, Br.] Wong I'm Tong, Esq. Kan Ying Po, Rag, CHAU A Lo Fong Pop WebE
Kan Toog Po, Esq., Chief Manague. Li The Fong, Esq., Manager.
Bataria
Branches and genčias :-
Koloon Редьк Singapore London Banroos Bournon
Baros
Manila
Meloxime
Hai phone Hinat
Bustos San Fran- Rydway
sisso Timpa
Venou
New York Beattie Parte
Priplak
Bemarang
Shangha
R. A. CAMIDGE,
Manager.
THE CHASE BANK
IS, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
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 THE CHASE NATIONAL BANK, New Yoax, with Resources of pret 15.8.$2,200,000,000.
D. M. BIGGAR,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS, AN INTERNATIONAL EXCHANGE
BANK
PalD-UP CAPITAL 340,000,000 DO (BRANCHES ALL OVER. ÜRIMA) 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 Domestic and Försign Banking and Exchange.
Head Office:-SHANGHAI Hong Kong Branch;
4, QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TUISHAN
KINGCHOW
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts spaced in Local Currency and Fized Deposits rei ceived for one year or sharter
We also handle the issue of Bonds periods in Local and Foreign Cur rencies on terms which will be and other Public Funds of the Bad: Chinema "Government both at Home quoted on application.
and Abroad. SATE DEPOSIT BOXES TO LET..
SHOU J. CHEN, KAN TONG, PQ,
Chief Manager.
Manager.
DOW JONES AVERAGE
rate
WRS 9
4
New York, Oficial..... 34-374 NY-London Cross-Rate 3,98
unquoted, 3.95-7/8
1939
Hilzh Low Dow Jones Averages 155,93 181.42' 20' Industrials",
35.90 24.14: 20 Bails
༔ དྷུ བྷཱུ བཉའ་སྐས་
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Feb. 16.Bhai-N'King Rly. 5%
Tientsin-Pukow Bly: $% The following quotations are the (Brit. Stpd.) middle prices at the close of the market in London. All quotations Tientsin-Pakow Rly. 5%
(German Stpd.) are subject to confirmation and no responsibility is assumed for errors Tientsin-Pukow Aly. 15% In transmission.
(Red War Loan, 37%
efter 1952) Canton-Kloon Rig. 5% 16 Chinese 41% Gold Loan
1898 (Brit. Issue) ......
Chinese 5% Gold Bonds,
1925-47
Chin. 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan,
1912
Chinese 5% Reorg, Loan,
1913 (Ldn. Is)
Chinese 8% Ster. Notes:
1925 (Vickers)
Chin Imperial Rly, 5%%%
1911
Honan Kly 5% Hakuang Rly: 5%, 1911... Hukuang Bly 5%. (German Lastle) Long Taing & Fal
Riy. 5% 1913
(Brit. Stpd. Supl Loan) 18 | Tientsin-Pukow Bly. 5% (Ger.Stpd. Sur Loan) Jap: 5% Ster. Loan, 1907, 527 Jap. B Ster. Loan. 1924 56 Ger, 7% Intl. Loan. 1924 Ti Chartered Bank
Cammell Laird, ord,
8/3
37.70 20.70 90 Utilime
Feb. 16, 148.20 30 10. 24.93
Mexican Engle....
6/11
22.22 84.51 40 Bonds
89.23
Courtaulds miskin
38/1
65.67 40.59 11 Commodity Index 59.79
Distillers
66/9
89.3% 69.69 Business Done :—-400,000 shares
Feb. 18, 1940, High Low Close Change 143.25 148,43 14479 59 up 31.04 30.03 20.34 .06 up 25,05 2494: 24,99 07 ap .09 up 19.off
20
Dunlop Rubber
30/0
Gen. Electric (England) · 78/4)
16
Guinness (A) Bun & Co. 75/0
16
Hawker Siddeley Airc. ........ 12/4} Bristol Aeroplane
18
14/41 Imperial Chemical Ind. 30/6 Imperial Tobacco
∙118/9 Marks & Sp'cer “A” ord. · ·5173 Rolls Royce is
1:83/11
Leyland Motors
70
Tate Lyle
52/3
Turner & Newall.
·62/10
TO-
United Steel ....
23/41
H.K. Bhal Bank (Ldn.
Reg.)
Smethwick Drop Forg, ...
13/0
85
Armstrong Stevens, ord.
8:
HK & Shal Bank (Col.
Pressed Steel, com.
15
Reg)
87
Vickers, ord.
21
Chinese Eng. & Mining
(bearer).
Woolworths
61
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
SWATOW, SHANGHAL, TSINGTAU, CHETOO
and TIENTSIN.
KOUE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
| THE KWANGTUNG PROVINCIAL
BANK
(Inoirpointed in Abinat
General Banking Familiths and Fionncial, Agents to
+ The Provšudlal Government of
of Awangtang Húð 05:4 SunEwwa, Kwangtong, Provision Mongkong Branch wizzeen ́s lildg., & Chater fidi
·Cable Addresses...“PROVIKOIAL? 7658, 8648.
Je Telophones: • M 20112, 20113, 20143,
31681.
-BRANCHES THROUGHOUT
SOUTH CHINA S Coraspondents in New York and Londes Paid. Up Capital or N$20,000,000, Reserve Capital" /..../.... N$10,508,808.
-AUYANG". MANLY!
Hongkong Manager.
18
Anglo-Dutch
28/3
Chosen Corporation
6/6
Pekin Syndicate
·
1/8 -
Rub. Plant. Invest. Trust 34/3 Burma Corporation
All steamers borth alonguide.
9/8
the Bopravelt: „Termina)" in the French Conomssion st
8′hal Elec. Constr. Co.....
15
Commonwealth Mining-
S'ha Waterworks "A"
141
Maraman Investments
14/9
Shanghai, where "passeng
and cargo ste landed.
Union Insurance
273,
Randfontein Estates
34/4)
Gula Kalimpong Rubber 21/10
Western Holdings ....
12/8
For further particulars.
Allied Ironfounders
14
Sub-Nigel
190
please apply to
Asso & Eloc Industries (40/14 Austin Motors, ord..... Cable Wireless, New
Form, ord
631 B.-A., Tob. (heater) ................ 98/9 Merican Eagle
Tanami Gold Mining
B
16/6-
Anglo-Iranian:
52/6
Випад
65/7
Shell Trans- & Trad.
(bearer)
7379
121
*Nominal
DINE M TELEPHONEELOFTEY
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