Adams Express Alleghany Steel öe.
Allied Stores
Allis Chalmers
Aluminium 'Ltd,
Amer. Can so*******
American Cyanamid B. Amer. & Foreign Power Amer Foreign $7 pt. Americah Gas & Rec. Amer. Locomotive
Amer. Radiator
Amer. Rolling Mill
Amer. Sting and Ring Co.
Amer, Sugar Redning...
Buyers
Buyers
Change
Amer. Tel & Tel.
13-1/4
13-1/8
D 1/8
Amer. Tobacco “B”
12-11/16
12-1/2
of 3/16
Amer. Waterworks
JULY-SEPT
Close
11.03/03
10.77/77
July
10.36/36
July (New contract)
... 10.50 N
{
}
9.73/73
9.62/32
1
{ >... 9.58 N
11.18 N
19.00/00
18.55/55
18.30/31
18.05 N
December
17.90 N
May
1024/1024
1007/1004
100/1001
Monday's sales:-28,065,000 bushels. CHICAGO CORN
May
581/501 57/57 571/571
88 B
89/808
October
904/901
NEW YORK, HIDES
March
14.20 N
June
14.50/50
September
14.80 N
104441
Credits 4 months' sight (140
On Saigon:-
On demand ........... 1/4
On Manila:
On demand ............... 48. 3/4
On Bangkok:-
On, demand 150 1/4
On Sterling Notes:-
Bank Buying Rate
Bar Silver per os
... 1/3 11/16 90 5/8
L
Market Report
FROM ROZA BROS. silver prices dropped yesterday to the extent of 1/8 for Ready and 1/18 for Forward, the quota- tions being 20.5/8 for both dell- reported Silver advices veries. Speculators as having sold. A amall business was done. The rharket
American quiet. Was Bilver was quoted at 34.3/4 for 8pot.
The London/New York cross rate was quoted at 402.1/2. New York/London was quoted at 395. 1/4.
Steady.
%
Market
MAY
OCT.-DEC.
The market was quiet and featureless.
NEW YORK COTTON: Bombay sold after which the market rallied on consistent domestic Trade demand. Considering the ex- tent of selling the market acts well.
NEW YORK RUBBER: The quota for the second quarter of the
This means year. has been fixed unchanged at 80 per cent." monthly production of about 111,200 tons from now to June. Basing on the present rate of absorbtion, the world will have to do consi- derable better to absorb the present production in the event of no losses occurred in transportation.
CHICAGO WHEAT: The revival of foreign interest suggests to reinstate all long positions without reaching.
NEW YORK STOCKS: Prévious close, 148.46: Today's close. 148.65; Change up .19.
NEW YORK COMMODITY (REUTER'S SERVICE)
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Com, May New York Hides, Mar. NEW YORK COTTON
March
May
Sterling Business was reported at 1/2 October 29/32 Cash and 1/2.7/8 July. At December ( the close there were Bellers at January 1/27/3 February/June, buyers at Spot 1/2.15/16 Cash; 1/2.29/32 April, possibly March. and 1/27/8 July. 1.5. Dollars
Seller at 241/2 February and 24.7/18 March, small buyers at 24.9/18 Cash and 148/16 Cash and 241/2 first half of April.
Shanghai Dollars
..
Total sales Monday's 55,000 bales.
Case, J1
Celanese
Chesapeake & Ohio Chrysler Corpo Climax-Molybdenum Co. Colts Patent Fire-Arms Golumbia Cas & Elec....... Columbia 6% "A" PL. Commercial Credit Co....
First Notice Day for March" Cotton-27/2-Last Notice Day-15/3 Eaton Mfg. Co............... NEW YORK BUBBER March May July September
Total sales-1,240 tons.
First Notice Day for March Rubber-28/2-tast Trading Day-27,3 Gen. American Trans. CHICAGO WHEAT
Small business was reported at 2541/2, At the close there were July sellers at 358.1/2, buyere bidding september 354.1/2.
Shanghai Markes
Sterling opened with sellers at July
#11/64 for Spot. Closed a shade September
steader with sellers at 4.13/64 WINNIPEG WHEAT for Spot. U.S. Dollars 6.7/8 sell-May
ers for Spot and closed with July"
sellers at 6.15/16 for Spot.
Shanghai Exchange
Changhai, Feb. 21 (Reuter).
Omicial T.T. Rites
London .....
12-3/18
13-1/16
off 1/8
Anaconda Copper
11-5/16
11-3/16
O 1/8
Atchison, T. & S. Te.
PAGE 10-HONGKÒNG. DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 21, 1940
On London:
Telegraphic Transfer.1/9/13/16 Bank Bills, on demand 1/% 13/716) Credits 4 months' night 1/3 1/8
"On Shanghal-
On demand
On Singapore:-
1
343
On demand...........09 1/2
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
On Japan
SINGAPORE RUDBER
On demand.
103 1/4
On Indila:-
Telegraphic
Transfer.
and demand
82 / S POT
APRIL-JUNE
JULY-SEPT
on Eitar
The market was quiet. LONDON RUBBER
...... 45 5/8
On Paris:-
SPOT
Bank Bills, on demand 1985
APRIL
On New York!—'.
Bank Bills, on demand ss 3/8 Credits, 68 days' sight as
'On demand
NEW YORK. FEBRUARY 20, 1940. Previous February 20 Closing Opening Closing Change Buyers Buyers 38-3/4
38-3/4 38-1/2 off 1/4 36-5/8 38-5/8 38-3/8 35-1/8 35-1/8 34-7/8
Previous close Today's close
NEW YORK STOCK EXCHANGE
STOCKS
| Amer. Metals Co.
QUOTATION (REUTE'S SERVÍGÍ
FEB 21 1940. STOCKS
Kennecott Copper Lakey Foundry & Mac.
Libbey-Owens-Ford
THURSDAY, FEBRUARY 22, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charter, 1883 Reserve Funds;
Paid-Up Capital £3,000,000 £6,500,000 Reserve Fund
Sterling
.......£3,000,000
H.K. Currency Reserve $10,000,000 Reserva Läsbility" of Pro-
£3,000,000 Reserve Liability of
pristors NPI
HEAD OFFICE: LONDON;
Proprietors
.........$90,000,000
Head Office:-HONG KONG
"Deputy Chairman,
J. K. Bousfald, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell,
G. Miskin, Esq.,
38, Bishopsgate EC.2... Sun-Agencies In London: 117/122, Leadenhall Street, E.0.2. West End Branch:
14/16, Cockspur Street, B.W.1. Manchester Branch: 52. Moaley Street, Manchester, 1
AGENCIES AND BRANCHES: -
HARDIN HONG KONG ILOILO ΤΡΟΥ
ALON STAR AMENTAR BANGXOX BATAVIA
BOMBAY
PENANG RANDOON
BAIGON
Last Sale
Last Sale.
Feb. 20
Feb. 20
38
4
84
Glass
50
372
Lockheed Aircraft
303
951
:
Loew's Inc.
36
1154
Mack Truck Inc.
25
371
Martin, Glen L
401
11
McKesson & Robbins, pid., 248*
254
Monsanto, Chemical
1083
Board of Directors: Hon. Mr. A. L Shields,
Chairman. E. V. Wilkinson, Esq.,''
341
Montgomery Ward
543
191
| National Aviation
12
24궁
Nat, Dairy Products
17
91
Nat. Distillers
241
15%
National Gypsum
111
D. F. Landale, Eng.,
51)
National Lead' ......
21
221
Nat, Power & Light
K. B. Morrison, Esq.,
BEREMBAN
1711
National Steel Corp.
681
Hon. Mr. T. E. Pearce,
904
National Supply Corp.
C. C. Roberta, Esq.,
HALOUTTA
10
..30+ 23
New York Central Niagara Hudson. Power
17
Sir Vandeleur M. Graybura,"
St
Chief Manager. FAIRLIN PLACE
SANTON
XARAQHY KLANG AGENCIES: KOBE ONVI BELL KALA
BHANGRAT
SINGAPORE
MITIAWAN
SOURIBAYA
LUMPUR
TAIPING
21
N. American Aviation
25
11-1/16
11
O 1/16
Auburn Motors
14
North American Co.
211
Branches:
CAWNPOKE
KUCHING
TIENTJIM
CKBU
MADELE
TONGXAX
Baltimore & Ohio
54
Northern Pacifc
B
Amoy
Ipoh
Barber Asphalt Co.
144
Owens-Illinois Glass Co.
62)
Bangkok
Johore
Penang Rangoon
COLOMBO
MANILA
(Bhuket)
DELHI
YEDAW
TSINGTAO
Barnidall Of
111
Pacific Gas & Elec
341
Batavia
Kobe
Saigon
HAIPHONG
Bendix Aviation
33
Pacific Lighting
474
Bombay Kowloon
San
HAMBURG
Calcutta
Kuala
Francisco HANKOW
NEW YORK PRIPING
(Peking)
УСХОДАМА
Bethlehem Steel
101
Packard Motors
31
Canton
Lumpur Shangbai
Biles + Co.
Boeing Airplane Co.
Borg-Warner
Bridgeport Brass Corp.
Briggs Mfg...........
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $6....
Canadian Pacific R'way ...
MARKET
Prev. Today's High Low Close Close Change
10.99 11,03
·11.05
11.04 .01 up 18.75 19.00 1875 25 off 18.95
107 1014 1021 104 11 up
561 *57 56
571 14.20N 14.21N 01 up 14.27 14.10
Opening Closing
עט "!
Com, & Southern (Ord.) Consolidated Edison Consolidated. Of
Continental Can
Change
Continental Qul
10.99/11,00
11.04/06
01 up
Copperweld Steel
10.74/73
10.77/77
urch.
Corn Products
10.31/31
10.36/36
unch.
Curtiss Wright (9.)
10.43b
10.50 N
unch.
Curtles Wright "A"
9.60/83
0.73/73
unch.
Deere & Co.
9.56/57
0.61/61
.01 off
Distillers Corpn. Seegrams
9.53b/55a
9.57. N
01 off
Douglas Aircraft d
11.19 N
.01. up
Du Pont de Nemours...
Eagle Picher Lead
Elec, Autolite ...........
#
18.88/95
18.75/78
25 off Elec. Bond Chare reuer
18.40b/45a.
18.33/34
22 of
Elec. Bond & Share $5 pt.
18.10b/25a
18.14/14
16 off
Elec. Bond & Share 30 pl.
18.00/00
17,38 B
19 On
Elec. Power & Light 37 pl.
17.70 N.
2007
Fix Rubber
Flintkote
Gen. Mectric
1024/102 100/100
104/1044 1024/1024
unreceived
It up: Gen. Motors
14 up Gen. Rallway Signat
Gen. Tire & Rubber
Glidden Co.
Goodrich (B.F.)
561/561
573/57& 574/671
}
up Goodrich $5 pf:
up Goodyear Tire & Co.
581/581
up
Great Northern Iron Ore
Great Northern Rly, pfd."
873/874
89/89 [90/901
up Great Western Bugar
1 up Greyhound Corpo,
wwwww
911791
li up Hercules Powder Co.
Homestake Mining
14.10/11 14.45/43
14.21 N 14.50/51 14.73/71 14.81/81"
01 up International Harvester
Int Nickel unch.
7. & Laughlin Steel $7 pfd. 613
34-3/4 3.85-1/4
28.90 2414 10 Baila
0/4
New York
6-8/16
Гарзд
27-7/8
India.
22-1/8
Parts
2,94
Hongkong
26-3/4
Opening Closing
Spot Feb. Mir.
0/4-11/64 0/4-3/15
Spot
Feb...
Mar:
Sellers
0/411/64 0/4-11/04- 0/4-7964 0/4-1/8
U.S. Dollars
$8-778
6-27/32
6-3/4
Market:Qulet.
Merchant Rates
Sterling, 0/4-5/32.
US Dollars, $6-13/16.
New York Exchange
$6-7/8 8-7/8
6-25/32
New York, Feb, 20:(Router).... TT, on London (Opening, Rate).] 3,04-7/8"
India Rupee Paper
Bombay, Feb, 20 (Renter). Gort 34% Rupee, 91-2-0.
Calcutta Exchange
Calduria, Feb. 20' (Kénter). AT on Japan." 80-1/8.
LONDON GOLD
London, Feb, 20 (Reuter). Bar Gold. Fine per oz, 188.
01 up Int. Tel, & Tel
„First notice day for March hides:-28/2/40 lart trading day:-Johna-Manville 25/3/40.
34-3/4 New York, Official NY-London Cross Rate 3.95-174"
Big Defence Factory For
Sydney
BYDNEY Plans for the imm - diate establishment of a plant for
The plant, whien will be built at Lidcombe (Sydney) át a cost will construct of £1,000,000 engines valued at £2,000,000 its first order. The original order for construction of Beaufort
the manufatture of Twintop Wasp Bombers in Australia is thought! engines for Beaufort bombing
to be benween £6,000,000 and planes were announced by the!
£7,000,000, Acting Minister for Supply and Development (Sir Federick Ste- wart).
SİLVER MARKET
MAN LONDON SILVES
Landon, Feb. 20 (Reuter), Suver-Speculators sold. Little trade buying. Business amall Market quiet. In the afternoon, the market was idle,--
Spot, 20-5/80. Forward, 20-5/8d.
NAN NEW YORK SILVER
New York, Feb, 20 (Reuter).. Bilver. Official: 34-3/4
BOMBAY BILVER Bombay, Feb, 20 (Reater). Market Firm Offtak, 160 bars
*50-08
Mar 4 Settlement Apr. 3 Settlement
W2 56-07:
85-16
Employment for at least 10,000.
1939 High
17.70 20.70 #0 Utiline 29.39 84.51 40 Bonds
Hamburg (Johore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao
Iloilo Peiping Yokohama
CURRENT ACCOUNTS opened in LOCAL CURRENCY and Fixed Darcants received for one year or shorter periods in Local and other Car rencien on terms which will be quoted on application.
Also up to date Bars. Dziosir Roxx in various size To La Hong Kong, 11th January, 194S
HONGKONG SAVINGS ·
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Hules may be obtain- ed on application.
For the HonGKONG & SHANOELI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Head Office: BONG KONG No. 10 Des Voeux Road, Central,
Board of Directors;
Bir Shonson. Chow, Chairmad 1
P. K. Kwak, Esq. “ Wong Cha Son, Esq.
Khúc her our Ninh Bi
FOREIGN EXCHANGE and General Banking Business transacted.
CUARENT Accounts, opened and- Fixis 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 Carrency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London. undertakes Executor and Trustes business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Brances.
R. A. CAMIDGE,
Manager.
THE CHASE · BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, Piz Brar,
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
BAXZ THE CHASE NATIONAL New York, with Besources of ovel 17.19.$2,900,000,000.
D. H. BIGGAR,
Second Vios Praz
BANK OF CHINA
!!
Specially Chartered by
THE NATIONAL GOVERNMENT
OF CHINA. AS AN INTERNATIONAL EXCHANGE
BANK &
han hinged PAID-UP CAPITAL $10,000,000.00
Branches and Agencies 2-
Kericol
Prisk Blagspore London Bangor
Bustow Badgon Kalbos Fran- Spánar " clado entis
Bankow Handlate Fair
Papunk Shackt
Tanobarer
(BRANCHES ALL OVER CHINA) Owing to our numerous Eranobes in Chink add 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, O. South China Offices:
Every description of Banking and Exchange business transacted. Loans granted on approved securitiene
Current Accounts spened in Local Currency and Fixed Deposits CANTON ceived for one year or shorter SWATOW periods in Local and Foreign Cur SHIUCHOW rencies on terms which will be quoted on application.
SAY DEPOSIT BOXER TO 1#.
KAN TONG PO,
Chief Manager.
INDO-CHINA
extra men would be provided in STEAM NAVIGATION COMPANY IT
the new factory and others under the control of the department, Bir. Frederick Stewart salia,
SALÍZGED LAG
He said that criticism of the Government for an alleged lag in the proposed Constration of Beaufort bombeta was unwarrant-
There had been many pre-war Kalmiculties in providing engines for the Beauforts, which under the original scheme were to be. imported from England,
Since July the erection of two main assembly plants had been peeded up and t
three ares: workshops and a general storthbuns completed.
However desirous of speed and expetition we are, jobs of this magnitude, cannot be made to spring up overnight," said Bir Trederick Stewart,
Operating Services for Cargo and Passengers
10-
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN 20
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers bertit: the Roosevelt the Breath Cofblé Shanghai, where, bak Kod barga kod Inade
For furt
KONGMOON TUISHAN KINGCHOW
We also handle the issus of Bonds and other Public Funds of the Chies, Government both st Homs. fand Abroad.
SHOU. CHEN,
Manager.
THE KWANGTUNG „PROVINCIAL-
BANK
Cocorporated in OBLEKY VAN General Banking Kualition, And Minincial Ageria to
Fretiacial Gevarnowsź of Evangteng
Head Odipe-Shaukwaa, kwangiang Province Hongtong Branch's Bid Conser når
ir Telephones:
20112, 20113, 20143, 20181, 81881. BRANCHES THROUGHOUT
ELSOUTH UHINA" -Odifespondente ih Yow York and London- Paid Up Capită): W:0 N$10,009,800. Reserve Capital 2 N$10,500,000.-
ABYANG MUNLY;
Epiykong Manager,
A Job?
WANT ADS
131
Paramount Pictures
Chefoo
London Singapore
241
Pennsylvania R.R..
234.
Colombo Lyons Sourabaya
23
Phelps-Dodge
391
Dairen
Malacca
Sungei
111
Phillips Petroleum
39年
Foochow Manila
Patani
211
Pittsburg Cole & Iron
Haiphong Muar
Swatow
191
Pablle Service of NJ.
413
8311
Pullman Inc.
271
5
Pure Oll
B
70
Radlo. Corpn, "of Am.
醒
201
Reading Company,
Com
150
401
Reading Company, 1st pra
253*
881
Remington Arms Co., Inc.
41*
381
+
Republic Aviation Corp....
한국
79
Republic. Steel
211
'8t
Revere Cop. & Brass Inc. ...
134
..88
Reynold Tobac. "B"
411
461
Richnèld O
7
Safeway Btorës
491
32
Schenley Distillers
12+
74
Sears Roebuck »
831
471
Shell Union of
11
231
Socony-Vacunum Oil
11
15
Southern Pacie
13
045
Southern Rly $3 bfd.
30
101
Sperry
441
201
spiest mrknufacturing Co. 321*
iki
211
Standard Brands
7
19
Stand Gas & Elèti: ..................
14*
823
Standard Oll of California
241
185
jetándard "Off of NJ.
441
101.
Stone & Webster
101
313
Stadebaker Com.
121
Hong Kong, 25th Feb, 1929.
37+
Bwart International
811
7
Technicalm
161
37)
Texas Corpni, N.
447
BANK OF EAST ASIA,
66
Texes Gulf Sulphut
344
LIMITED
30
Timken-Arie
$2
151
Trans America Co.
51
Authorised Capital.....$10,000,000,00
191
20th Cent. Fox.
12
Paid-Up Capital
5,508,000.00
543*
Reserve and Undivided
20th Cent. Fox. $1ì pf.
237*
15
Profita
2,883,232.01
39
Union Carbide
Carbon
84
531
Union Pacine
94
17
United Aircraft
471
201
United Airlines Trans ....
157
181
United Corpo,
21
19
United Corpn. 3 cum pt.
41
65
United Gas Corpn.
11
Ei Koon Chan, Baq, Li Lan Sang, Esq.
243
United Gas mprovement
14
131
U.S., Industrial Alcóból..........
22
Wong Inn Long, Esq. Kan Ying Pong.
24
UB Rubber
371
271
UB. Rubber $8 pfd.
1111*
LI The Fong, Esq., Manager.
184
US, Steel
591
881***
Vanadium
33
551-
Walworth Co.
50
Amoj
55.
Warner Bros. Pict.
4
Bombky
.362
Westinghouse Elec..
113
31
Halphons
Woodward Iron Cof
243
703
Chase National Bank
36*
-Samsung
Tobe
National City Bank
294
t.
•-bid.
t-ex, div.
DOW JONES AVERAGE
Low Dow Jones Averages Feb. 12, 168.9% 191.41 · 20 · Industrfali
Feb. 21, 1940. High Low Close
Chahue
148.48
3050
24.06 89.17
148.95 147 81 143 66 -- 79 dp:
31.06 30.80 31.08 25.08. 24,89 -25.00
16
up
04 up
65.87 40.59 11 Commodity Index 89.69
89.31
Di up
Business Done :-810,000 shárés
.99 up
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