1940-02-24 — Page 10

On New York:-

Bank Bills, on demand 24 7/18 Credits, 60 days sight 25 1/18

SPOT APRIL-JUNE

JULY-SEPT.

38-1/8 38-1/8 38-3/4 up 5/8 36-1/4 "36-1/4 38-5/8 up 3/8 34-3/4

35-1/8 34-3/4

up 3/8

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

FEBRUARY 23, 1940

On London:---

Telegraphic Transfer, 1/2/13/16. Bank Bills, on demand 1/2 13/16 Credits 4 months' sight 1/3 1/8

On Shanghai:--

On demand. 343

On Singapore:-

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET. REVIEW.

(FROM PAYNE & CO.)

On demand

52 1/2

On Japan:-

On demand

103 1/3

SINGAPORE RUBBER

On India:-

Telegraphic Transter.

189 18

and demand"

NEW YORK, FEBRUARY 22, 1940. Previous February, 22 Closing Opening Closing Change Buyers Buyers

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

SATURDAY, FEBRUARY 24, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA

AND CHINA

STOCKS

Last Sale

FEB. 22, 1940 STOCKS.

Authorised Capital $50,000,000 Issued & Fully Paid-Up 890,000,000

corporated by Royal Charter, 1805

Last Sale

Reserve Funds:

Feb. 21

Feb. 21

Sterling .......

Adams Express

74

'Alleghany Steel Co.

324

Kennecott. Copper Lakey Foundry & Mac.

381

4

Allied Stores

81

Libbey-Owens-Ford

Glass

501

Proprietors

.$20,000,000

Allis Chalmers

371"

Lockheed Aircraft

301.

Aluminium Ltd.

85*

Loew's Inc.

381

Amer. Can

118

Mack Truck Inc.

25

American Cyanamid B. Amer. & Foreign Power Amer & Foreign $7 pf. American Gas & Elec....**

37

Martin, Glen L

401

It

McKesson & Robbins, pid.

243*

25+1

Monsanto Chemical

109

Board of Directora: Hon. Mr. A. L. Shields,

H. V. Wilkinson, Esq.,

341*

Montgomery Ward

537

Deputy Chairman.

Amer, Locomotive

19

National Aviation

12)

Amer. Metals. Co.

241

Nat, Dalry Products

174

Amer. Radiator

01

Nat. Distillers

25

J. K. Bousfeld, Esq., A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

Amer. Rolling Mill

15

National Gypsum

11+

D. F. Landale, Esq.,

On Batavia:-

On demand

On Paris:-

On Saigon:-

. On demand

On Manila:-

The market was very steady. LONDON RUBBER

Amer. Sting and R'ing Co.

501

National Lead

201

G. Miskin, Esq.,

Previous close" Today's close

Amer. Sugar Refining

གཉན་

Nat," Power & Light

77

K. S. Morrison, Esq.,

45 3/8

Amer. Tel, & Tel.

172

Buyers

Buyers

Change

National Steel Corp.

68

Hon. Mr. T. E. Pearce,

Bank Bills, on demand 1085

Credits & months' sight 1140

SPOT

12-7/8

12-7/8:

LI

APEIL

12-3/8

12-1/4

..... 18 1/4

MAY JULY-SEPT.

11-7/8

11-7/8

unch.

unch

Amer: Tobacco “B”

901

National Supply Corp.

81

C. C. Roberts, Esq.,

Amer. Waterworks

10

off 1/8.

New York Central

16

Anaconda Copper

301

Niagara Hudson Power

11-3/18

11-3/8

up 3/10

Atchison, T. & 8. Fe.

23

N. American Aviation-

241

Auburn Motors

It

OCT.-DEC.

10-15/16

11-1/16

up 1/2

North American Co.

22

Branches:

Baltimore & Ohio

53

Northern Pacific

8+

ADIOy

Ipoh

Penang "

On demand

On Bangkok:--

On demand.

48 7/8

Market gulet but steady. WINNIPEG WHEAT

Barber Asphalt Co..

142

Owens-Illinois Glass Co.

82

Bangkok Johore

Rangoon

Paid-Up Capital

H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

Head Office:-HONG KONG

Chairman.

Sir Vandeleur M. Grayburn,

Chief Manager.

HEAD OFFICE: LONDON:

38, Bishopsgate E.0.9.

Sub-Agencles In London: 117/18, Leadenhall Street, E.0.2.

West End Branch: " 14/18, Cockapur Street, 6.W.. Manchester Branch: 62, Mosley Street, Manchester, 1.

AGENCIES AND BRANCHES:

ALOR STAR AMRITSAR

| BANGKOK

BATAVIA BOMBAY

CALOUTTA

AGEXOTES: OLATE BET FAIRLIN PLAVE CANTON CAWNPORE

HARBIN HONG KONG ILOILO

IPOK

KLANG

хова KUALA

LUMPUR KUCKING MADRAS MANILA

MEDAN

PENANG

KANGOON

BAIGON

£6,500,000 Reserve Fund.

...£3,000,000 ..£3,000,000.

prietors

£3,000,001

5

BEREMBAN

KARACHI

BHANGRAI

SINGAPORE

HITIAWAN

BOURABAYA

TAIPING

TIRNTOIN

·

**

TONGKAH

COLOMBO

(Bhuket)

DILMI

TSINGTAO

Barnsdall OⱭ

114

Pacific Gas & Elec

34

Batavia Kobe

Saigon

HAIPHONG

***** 150 1/4

Previous

Today's

Bendix Aviation

321

Pacific Lighting

471

Bombay Kowloon

San

HAMBURO

NEW YORK PRIPING.

TOKOHAMA

On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

1/3 11/16 20 1/4

MAY

Close Opening Closing Change 89) B

Bethlehem Steel

782

Packard Motors.

34.

Calcutta

Kuala

Francisco HANKOW

(Peking)

+4

Canton

Lumpur

Shanghai

1

Bliss Co.

JULY

OCTOBER

Market Report

"FROM BOZA BROS.

Public Deporte

Government

Securities

Other Securities:-

Discount & Advances Securities

Total

Notes and Coins

.

At

$

AFTERNOON MARKET

18

1898 (Erit. Issue) ....... Chinese 5% Gold Bonds.

60

Sterling

sellers!

1925-47

50

Chin. 44% Anglo-French

Loan, 1903.

50

30

1925 (Vickers)

55

257.**

Silver prices dropped yesterday

90-3/4 7/8 Unreceived 91-7/8 92

NOTICE: All United States market closed on Thursday (Feb, 22) being Washington's Birthday.

to the extent of 1/8 for Ready WEEKLY RETURNS AND REPORTS Canadian Pacific R'way

and 3/16 for Forward, the quota- tions being 20.1/4 for both de- liveries. Silver advices reported the marke; as being quiet. Small American buyers were satisfied.

Silver Market was closed yester- day.

Steady.

The London/New York cross- rate was quoted at 402.1/2.

Market.. Business was slack.

Stering There were sellers at 1/2.7/8 February/May, possibly June, buyers at 1/2.29/32 Cash and 1/2. 7/8 July.

U.S. Dollars

Sellers at 24.9/16 Cash and 24. 1/2 February/March, buyers at

Other Deposits: ----

Barkers

Other Accounts Total

Total Bullion

Notes in circulation

Ratio of Reserve to Liabilities

Price of Gold at which holdings ar.

24.5/8 Cash and 24.9/18 first half LONDON STOCK

March."

Shanghai Dollars

During the early part of the morning there were sellers at 354 at 354. leading to some business

1/2 The market closed at. I p.m. with sellers at: 538 for Byot.

Shanghai Markei

EXCHANGE

[REUTER'S 'SERVICE)

London, Feb. 22. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no Sellers for Spot at the opening responsibility is assumed for errors were quoted at 4.3/18 and 6.29/32. in transmission. The market closed

shade a easter with sellers at 4.5/32 and War Loan, 3% (Red 6.21/32 for Spot.

after 1952)" Canton-Elcon Rly. 5%

The market was featureless in Chinese 4% Gold Loan the afternoon.

The market closed with at 1/2.7/8 February/May, possibly June, buyers at 1/2.29/32 Cash and 1/2.7/8 July.

U.S. DollarS

The market closed with sellers at 24.9/16 Cash and 24.1/2 March, buyers at 245/8 Cash and 24.9/18 first half March.

Shanghai Dollars

Chinese 3%. Crisp Loan.

1912 ".... Chinese 5% Reorg, Loan,

1913 (Ldn. Is.) Chinese 8% Ster. Notes,

Chin. Imperial Rly, 5%

Loan

LONDON METALS

EXCHANGE

London, Feb. 22 (Reuter). ouyers 'TEN

Standard, Cash 244-3/4 245 Standard.

3 months 244-3/4 245 Standard.

Set'ment Price 245 Straits

*****... 270

Boeing Airplane Co.

Borg-Warner

Bridgeport Brass Corp.

Briggs Mig.

Brooklyn-M'hattan Trans.

Brooklyn-Manhattan $8....

Case, JI.....

BANK OF ENGLAND

Celanese

Chesapeake & Oblo

London, February 22 (Reuter).

Feb. 15 e

Peb. 22

Chrysler Corpn.

£

Climax-Molybdenum Co.

39,220

48,590

Colts Patent Fire-Arms

Columbia Gas & Elec.

105,530"

97,180

40,520

10,360

Columbia 6% "A" pf."

146,050

137,720

Commercial Credit Co.

126,140

122,760

Com, & Southern (Ord.)

Consolidated Edison

*4,840

23.110

25,660

Consolidated Ou

27,850

30,200

Continental Can

49,380

51,180

Continental Ou

1,010

1,180

Copperweld Steel

631,640

529.970

Corn Products

26.05%

27.50%

188/-

168/-

Curtiss Wright (C.)

Curtiss Wright “A”

Deere & Co.

Distillers Corp. Seagrams

Douglas Aircraft

Du Pont de Nemours......

Eagle Ficher Lead ......

sellers

Eaton Mig. Co.

Elec. Autolite

Elec. Bond & Share

Elec. Bond & Share $5 pt. Elec. Bond & Share $8 pt.

Elec: Power & Light $7 pf.

Fisk Rubber

Fztkat

Gen. American Trans.

Gen. Electric

Gen. Motors

98-15/18

Hawker Siddeley Airc. ...

14/9

Bristol Aeroplane

Gen. Radway Signal

15/3

Imperial Chemical Ind. 33/1

Gen. Tire & Rubber

Glidden Co.

Imperial Tobacco

122/6

Goodrich (BF)

Marks & Sp'cer "A" ord.

53/8

Goodrich $5 pf.

Rolls Royce

86/3

Leyland Motors

72/6

Goodyear Tire & Co.

Great Northem Iron Ore ..

Tate Lyle.....

*55/3

Great Northern Rly, pfd.

Turner & Newall

05/6

Great Western Bugar

United Steel

24

Smethwick Drop Forg.

14

Greyhound Corpn.

Armstrong Stevens, ord.

6

Hercules Powder Co.

Homestake Mining

Pressed Steel, com.

-15/9

Vickers, ord.

21/3

International Harvester

Tht Nickel

Woolworths ...

85

Int Tel, & Tel

Anglo-Dutch

26/11

Shanghai Market

Honan Rly, 5%

18

Rub, Plant. Invest. Trust

34/6

Johns-Manville

4.5/32 and 6:27/32 sellers for Hukuang Rly. S%, 1911.. Spot.

19

Burma Corporation

9/3

J. Laughlin Steel 7 pfd. 81

Hukuang Rly. 5%, 1911

CommonwealthTM Mining

(German Issue)

17

Marsman Investments ...

14/9

Shanghai Exchange

Lung Tsing & U. Ha!

Rly. 5% 1913

Randfontein Estates....

34/4)

14

Western Holdings

12/71

|8'hai-N'King Rly. 5%

20

Sub-Nigel

188/3

1939

Bhanghai, Feb. 23 (Reuter),

Tientsin-Pukow Rly..5%

Tanami Gold Mining

·6d..

Omelal T.T. Rates

London

New York

Japan--

(Brit. Stpd.)

18

Anglo-Iranian

57/6

156.82 121.41 20 Indlastris?«

0/4

Tientsin-Pukow Rly. 5%

Burmah

70/71

35.90 24.14·20. Balla

6-9/18

(German 8tpd.).....

18

Shell

Trans.

drad.

$7,70 20.70 Utili

72.23 84.51 40 Bonds

India.

Paris

Sellers

23-7/8Tientsin-Pukow-Rly,-5%-

22-1/8

2.94 26-3/4

Opening Closing 0/4-3/16 0/4-5/32 0/4-3/16 0/4-5/32 0/4-9/640/4-7/04

HE. & Shal Bank Lan

Reg.)

_(bearen

18/9

Hongkong

Sput

Feb.

Mar.

U.S. Dollars

87

Spot

86-29/32

$5-7/8

H.K. & Shai Bank (Col.

Feb.

6-29/32

6-7/8

Reg)....

90

Mar

6-13/18

8-25/32

Chinese Eng. & Mining

(bearer)

19

TO

Chosen Corporation

6/6

Pekin Syndicate

1/6

S'hal, Waterworks “A”

(Brit. Stpd. 8upl. Loan). 18 Tientsin-Pukow Rly. 5%. (Ger. Stpd. Supl. Loan) JBp. 5% Ster Loan, 1907 52 Jap. 8% Ster. Loan, 1924 551 Ger, 7% Inti. Loan, 1924 Chartered Bank

-Nominal

18

Market:-Quiet

Merchant Rates

Sterling, 0/4-5/32.

U.B. Dollars. $6-13/16.

Suver Duty Rate

The Central Bank of China's rate on London. at 10 am today was 1/2-1/24.

B'hat Elec. Constr. Co... 15

Union Insurance

Gula Kalumpong Rubber

147 27h

21/101

Allied Ironfounders ...... 14 Asso.& Elec. Industries 40/9 The Equalisation, rate was 6-1/4 Austin Motors, ord......

per cent.

India Rupee Paper

Bombay, Feb 22 (Reuter Gort 31% Rupee, 91-2-0.

Calcutta Exchange

Calcutta, Feb 22 (Reuter) TT, on Japan, 79-3/4.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengers

BWATOW, SHANGHAL, TSINGTAU, CHEFOO

“and TIENTSIN

'KOBK #and OBAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN !

HAIFHONG

All steamers berth alongside the Roosevelt Terminal tia the French Concession Pat

Shanghai, where passengers and cargo are landed.

18/9

Cable & Wireless, New

Form, ord.

841

[B-A-Tob (bearer)

.-102/6.

Mexican Eagle ......

12

For further pas

8/6

please apply

6/3.

38

Distillera

:69/6/

Dunlop Rubber

33/3

Gen. Electric (England)

80/9

Guinness (A) Bon & Co.

74/6

Cammell Laird; ord. Mexican Eagle with Courtaulds A

JARDINE MATHES

TELEPHONE

GENER

NAGERS

Singapore FOREIGN EXCHantz and General

Banking Business transacted.

(Johore) Tientsin Baukow Mukden Tokyo Harbin New York Tsingtao

Peiping Yokohama

CURRENT

Accounts opened in LOCAL CURRENCY and Fixed Deposite or shorter received for one year periode in Local and other Cur- rencies terms which will be quoted on application.

On

Also up to date. SATE DEPOSIT Boxes in various aires To LET Hong Kong, 11th January, 1940

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION, Rnies may be obtain- ed on application.

For the HONGKONG & SHANGHAI Banting CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 95th Feb., 1938.

Authorised Capital....$10,000,000.00 Paid-Up Capital 5,598,600,00 Reserve and Undivided

Profita

Head Office:-HONG KONG No. 10 Des Voeux Road, Central

Board of Directors:

Bir Shouson Chow, Chairman...

Li Koon Ubau, Esq. Li Lan Sang, Fag. P. K. Krok. Esq. Wong Chu Hou, Esq. Wong Tan Tong, Esq. Kan Ting Fo, Kag. Chan Ching Shok, Esq. Fang Fing Wah Esq Kan Tong Po, Esq., Chief Manager.

Li Tio Fong, Esq., Manager,

Branches and Agencies :—

Panana KOTIOON

Paiping

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 also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

The Bank's Head Office in Londen undertakes Executor. and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager,

THE CHASE BANK'

18, 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 BANK, TH CHAKE NATIONAL NEW YORK, with Besources of over U.3.$2,200,000,000.

D. M. BIGGAR,

Second Vice Prsa

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 OYER CHINA) Owing to our numerous Branches jin Chins 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 Offices:

Every description of Banking and. Exchange business transacted. Longs granted on approved securities.

Ourrent Accounts opened in Locs Currency and Fixed Deposits re- ceived for one year or shorter CANTON periods in Local and Foreign Cur8WATOW rencies on terms which will be SHIUCHOW

quoted on application.

BARK DEPOSIT BOXES To Let

KANTONG PO.

"Chief Manager,

THE KWANGTUNG PROVINCIAL

BANK

(Incorporated in Maios)

General Barking Facilities and Financial Agents to ****The Provincial Governmelit of Kwangtang

· Head Office-Baiukwaa, kwangtong Provide Hongkong Branch –Queen's Iidg., & Chater Bd. Cable Addrem-""PROVINCIAL" 2639, 9443. Telephones:

20112, 20113, 20143, 2011, 31681. BRANCHES THROUGHOUT

KOR SOUTH "CHINA DA Correspondents in New York and Londen Paid Up Capital ... N$10,000,000. N$10,500,000. Reserve Capital

"AUYANG MNLY,

Hongkong Manager.

Job?

WANT ADS

KONGMOON TOISHAN PA 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 MERCANTILE BANK OF INDIA, LIMITED

|-·Head Offco:+15, Gracechurch Street;:

London, EC.3

Authorised Capital Sabezribed Capital Frid-or Chpitál .. RAMIE WYN and Hent.

BANKERS:

£1,000,000

£1.800.000

2,060.000

The Bank of England and Midland.

şi Bank, Ltd...

BRANCHES:

Bangkok. Bocobay

ipok

Calencia

Coloratio

Delhi.

Hongkong

Kuantan

Kandy Kurich

Kunis TrengganTM

New York

Hangoon Shangand Sunt

·Mugaporn.

Kaula:Lapin Howrah ke Kasla Lumpur. AHONG KONG BRANCH:

Every" chemiplen, of Banking and Archang kesinam trecutated, oppsett,

Travellers Choquen fused loop TRUSTEE AND EXECUTORSHIP AMAZAN UNDERTAKEN

OURLENT: ADOCUSES 2016së In Long). One. TODAY, 213 FIXED DEPOSTES received in Loest Currency, TVERLING & U, 8, DOLLA EA on Vacat that may be nowtainerf on supliontion,

BENSON

132

Paramount Pictures

74

Chefoo

London

23

Pennsylvania R.R........

221

Colombo

Lyons

Sourabaya

£231..

Phelps-Dodge

3911

Dairen → Malacca

Sungei

11

Phillips Petroleum

39+

Foochow Manila

Patani

211

Pittsburg Coke & Iron

7*

Haiphong Muar

Swatow

201

Public Service of NJ,

411

Hamburg

791

Pullman Inc.

271

5

Pure Oll

81.

70

Hoile

Radio Corpn. of Am.

51

237

Reading Company, Com

151

397

Reading Company, 1st pfd

254*

851

Remington Arms Co., Inc.

41*

387

Republic Aviation Corp. .....

791

Republic Steel

21

81

Revere Cop, & Brass Inc. ..

134

89

Reynold Tobac. "B"

41+

45

Richfield O

71

11

Safeway Stores

401

32

Schenley "Distillers

123

72

Sears Roebuck"

837

W

4T+

Shell Union of

111

241

Socony-Vacunum Oll

111

154

Southern Pacific.

137

844

Southern Rly $5 pfd."

29

101

Sperry

442

'291

Spicer Manufacturing Co. 324

Standard Brands

19

Stand Gas & Elec.

1*

821

Standard Oil of California

24

184

Standard Oil of -N.J......

44

104*

Stone & Webster

104

317

Studebaker, Com

121

381

Swift International

.314*

7

Technicolor

137

574*

Texas Corpn.

441

50

Texes Gulf Sulphur

342

30

BANK OF EAST ASIA, LIMITED

Timken-Axle comma

221

151

Trans-America Co.

51

167

20th Cent. Fox

12

$5

20th Cent. Fox. $14 pf. .....

234*

321

Union Carbide & Carbon

84)

*2,683,039.01

54

Union Pacific

-94+

17**

United Aircraft

471

217

United Airlines Trans"

157

18

United Corpn.

191

United Corpn. 33 cum pf. 411

United Chas Corpn.

1

2441

United Gas Improvement - 147'

131

US, Industrual Alcohol.

213

23

US. Rubber

37

281

US. Rubber $8 pfd.

1128

161

UB, Steel

58

894

Vanadium

331

343

Walworth Ca........

54

504

Warner Bros. Pict.

37

Ammay

Bingsporn

'37

Westinghouse Mec.

1131

dazaria

London

Rangood.

Bossabays

Bombay

Macila

Bigon

Bwater

די

.. 37

Woodward Iron Car..

244

Dalmatia

Melbourne "Bad Trane Bydany

702

Chase National Bank ..... National City Bank

35*

291*

alpho Hankow Honolulu Kabe

New York Bestila Parks

cisco Santin

Tapouter

Brosting Shanghai

*bid.

1-ex, div.

DOW JONES AVERAGE

Feb. 22, 1940.

High Low Dow Jones Averages" Feb. 10,

High Low Close

1.49.66 149.04 14802 148.34 2106 31.10 30.78 30.81 84,00 25.10 24.99 26,05, 80 31

Ühange. 31 off .25 of

89.11

.05 up .10 off

85.67 45.5911 Caumodity in.) 19.01.

Business Done

80.07 780,000 shares

98 up