STOCKS
Adams Express
Alleghany Steel Co.
Allied. "Btorer
Allis Chalmers
Aluminium Ltd.
Amer: Can
*38-5/8 38-1/2 38-1/4 of 378 38-5/8 36-5/8 of 1/4 36-7/8
35-1/4 00 1/1 35-1/2 35-3/8
American Cyanamid B. Amer. & Foreign Power Amer & Foreign $7 pt. American Gas & Elec. .......... Amer, Locomotive Amer. Metals Co.
·Amer. Radiator ......
Amer: Rolling Mill.
On Bataria:-
On demand
***** 45 3/8
The market was quiet. LONDON RUBBER
Amer. Sting 'and Ring Co.
Previous close Today's close
Amer, Sugar Redning
Buyers
Change
Amer. Tel & Tel
1
On Paris:
Amer. Tobacco "8"
Bank Hills, on demand 108S Credits 4 months' sight 1140
SPOT
12-3/4
Amer, Waterworks
APRIL
12-5/16
Market
·Anaconda Copper
MAY
11-7/8
On Saigon:-
On demand
108 1/4
JULY-SEPT. OCT.-DEC;
11-3/8
closed
Atchison, T. &.8, Fe.
Auburn Motors
PAGE 10-HONGKONG DAILY. PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 24, 1946'
On London:--
Telegraphic Transfer. 1/1 13/16" Bank Bills, on demand 1/2 13/16 Credits 4 months' sight 1,3 1/8
On Shanghai:-
On demand
On Singapore:—
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & ̈ ČO)”.
**** 343
On Japan:-
On demand
59 1/2
103,1/%
SINGAPORE RUBBER......
On India:
Telegraphic Transter.1
89 1/8
SPOT...
APRIL-JUNE
and demand *******)
On New York:-"
Bank Bills, on demand 24 7/16 "| JULY-SEPT. Credits, 60 days sight 95 1/16
NEW YORK. FEBRUARY 24, 1940. Previous. - February, 22 Clowing Opening Closing Change Buyers Buyers.
NEW YORK STOCK EXCHANGE
QUOTATION (HRÜTER'S
FEB, 25, 1940- STOCKS
Kennecoth Copper
244
MONDAY, FEBRUARY 26, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... 880,000,000
INDIA, AUSTRALIA, AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1803 Reserve Funds::
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,000
...........£3,000,000
HEAD OFFICE: LONDON:
E.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
1. pristore .....................pi
Chairman.
Deputy Chairman.
J. K. Bousfeld, Esq., A. H. Compton, Esq., ' Hon. Mr. S. H. Dodwell,. D. F. Landale, Esq.,
G. Miskin, Esq.,
89, Bishopsgato E.0.2.
Sub-Agencles. In London;
117/199, Leadenhall Street, EQL..
West End Branch: 14/18, Cookspur Street, 8.W.1. Manchester Branch:
59, Mosley Street, Manchester, S.
ALOR STAR
AGENCIES AND BRANCHES:
HARBIN
PENANG HONG KONG RANGOON ILOILO IFOR
AMBITHAS
BANGEOT
KATAVIA
Lour
CALCUTTA V
KARACHI TLANG AGENCIES: коли OLAVS STREET YLINLIN PLACE.
CANTON
KUALA
LUMPUX
KUCHING
MADRAS
SAIGON :
BERIGERAN
SHANGHAI
SINGAPORE >>
HITIAWAN.. SOURABAYA
TAIPING
Lost Balé
Last Sale
Feb. 24
Feb, 2
Sterling ....D
71
37+
221
Lakey Foundry & Mac,
·37**
Reterve Liability of
置
Libbey-Owens-Ford® Glass
50
Proprietors.........
$20,000,000
361
Lockheed Atrenift
301
Head Office:-HONG KONG
90
Loer's Tic.
リ
1154
Mack Truck The,,
37
|Martin,. Glen L
Board of Directora: Hon. Mr. A. L. Shields,
18
McKesson & Robbins, píd. M*
251
Morisarito Chemical'
1081
H. V. Wilkinson, Esq.,
342
Montgomery Ward
337
19
National Aviation
234
| Nat. Dairy Producta
Mat. Distillers
15
National Gypsum
101
494
Kational Lead
21
121
| Nat, Power & Light
K. S. Morrison, Esq.,
1713
National Steel Carp.
Hon. Mr. T. E. Pearce,.
BO
National Supply Corp.
9
C. C. Roberts, Esq.,
91
New York Central
18
29+
Niagara Hudson Power
Sir Vandelen M. Grayburn,
Chief Manager.
N. American Aviation
11
North American Co.
217
Branches:
11-1/16
On Manila:-
Baltimore & Ohio
5.
Northern Paciác
Amoy
Ipoh
Penang
On demand............................. 48' 7/8
On Bangkok:-
On demand ......
* 150 1/4
On Sterling Notes:-
Bank Buying Rate...
Bar. Silver per os.
1/311/16 20 3/10
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York Hildes, Mar. NEW YORK COTTON March May July
Close
11.07/08
10.82/83
10.42/42
July (New contract)
10.55/56
9.75/76
9.85/65
9.81/01
-11.22 N
Total
sales
Friday's 78,100 bales.
18.81/61
18.25728
18.03/03
September ...
December
17.80b/85a 17.65b/70a
May
Market Report
FROM ROZA BROS. Silverprices dropped 1/16 yes- terday for both deliveries. the quotations being 20.3/16 for both deliveries Silver advices reported The market quiet market
a
closed with small Sellers at the quoted rate and buyers at 1/16 under. American Silver was quot- ed at 34.3/4 for Spot:
York cross- The London/New rate was quoted at 402.1/2, New York/ London was quoted at 396 [/t...
Idle,
Market
Sterling
were Sellers at 1/27/8 at 1/2 February/May, buyers 29/32 Cash and 1/2.7/8 Julv
U.S. DollarS
A transaction was reported at 24.9/16 for Cash and 24.1/2 March The market closed with Bellers at 14.1/2 first half March, buyers" at 249/18 Cash and. 24.1/2, first half April.
Shanghai Dollars
355.1/2 Sellers for Spot.
Shanghai Market
NEW YORK COTTON: Large cotton goods sales are reported. Bombay Interests are showing the main interest in new crops.
NEW YORK RUBBER: The prevailing state of the world situation deters buying. It is estimated that supply-demand February consumption of rubber totalled around 52,000 tons. East- ern offerings were light.
CHICAGO WHEAT: The official forecast of fair weather con- ditions in the South-West over the week-end induced profit-taking and increasing hedge selling against loan withdrawals. The Trade is 'cautious and follows European news closely
STOCKS: NEW YORK 148.72: Change, off .63.
October December ( January Spot ..
Previous close, 147.95; Today's close,
Barber Asphalt Co. Barnsdal Ol
Bendix Aviation ... Bethlehem Steel Bilas & Co.
Boeing Airplane Co. Borg-Wamer
Bridgeport Brass Corp. ... Briggs: Mfg.
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $8.... Canadian Pacific R'way Case, JI
First Notice Day for March Cotton-27/2-Last Notice Day-15/3 Elec, Autolite NEW YORK RUBBER
March
Sterling Sellers for spot at May 4.5/32 and U.S. Dollars Sellers for July Spot at 6.7/8 at the opening and closed with Sellers at 6 27/32,
Shanghai Exchange
Shanghai, Feb. 24 (Reuter).
Official T.T. Bates,
144
Owens-Eliricis Glass Co.
111
Facific Gas & Elec
32
Pacific Lighting
471
Bangkok Johore Batavia Kobe Bombay Kowloon
Rangoon
Saigon San
Calcutta Kuala
761
Packard Motors
31
Canton
131*
Paramount Pictures
Ühefoo
331
Pennsylvania `R.R.
221
Colombo
Lyona
221
Phelps-Dodge
**384
Dairen
Malacca
11
Phillips Petroleum
380
Foochow Manila
201
Pittsburg Coke & Iron
7+
Haiphong Muar
Lumpur Shanghai London Singapore Bourabaya Sungei
Patani Swatow
194
Public Service. of N.J.
414
Hamburg
109
Pullman Inc.
261
4%
Puré Dil
6T
Radio Corpa, of Am..
Celanese
281
Reading Company,
Com
151
Chesapeake & Ohio
392
Reading Company, 1st pfd
251*
NEW YORK COMMODITY MARKET
Chrysler Corpn.
83
Remington Arms Co., The.
4*
Climax-Molybdenum Co.
38+
Republic Aviation Corp.
of
-(REUTER'S "SERVICE)
Colts Patent Fire-Aïms
79*
Repubile Steel
201
rencies
Prev. Today's
High
11.12
18.56
1:053
Low
11.07 11.11 11.09
18.61 18.21
1041 105% 1044 11 of 57$ 564 57+ ..161
Close Close Change
Columbia. Gas & Elec Cohimbia 8 "A" pl.
61
Revere Cop. & Brass Inc.
121
queed on application
91
Reynold Tobac. ""
414
04 Up 18.21b .40 off
Commercial Credit Co.
401
Richfeld On
7
Com & Southern (Ord.) ...
11
Safeway Stores
48
Consolidated Edison.....
311
Schenley Distillers
121
consolidated off
71
Sears Roebuck
221
HONGKONG SAVINGS
13.95 13,80 13.98 13.80 18 off
Continental Can
401
Shell Unici Cli
11
Opening 11.10/10 10.85/85
Closing
Change
Continental Ol
24
Socony-Vacunum“ Off
11
· 11.11/12
.04 up
Copperweld Steel
151*
Southern Pacific...
121
Corn Products
641
10.86/86
Southern Rly $5 pra
281
.04 up
10.45/45
10.49/50
.07 up
Curtiss Wright (C)
101
Sperry
441
Curtiss Wright “A”
29
10.57b/65a
10.83/63
08. up
Spicer Manufacturing Co. 334
'Deere & Co.
21
Standard Brands
19
9.81/83
9.26/86
.11 up
9.73/73
9.76/76
Distillers Corph. Beagrams
191
Stand Gas & Elec, ...
11*
.11 up
Douglas Aircraft-
821
Standard Oil of California
24
9.69/70
9.73/73
:12 up
Du Pont de Nemours
184
Standard Oil of NJ......
424
11.28 N
,06 up
Eagle Ficher Lead
104
Stone & Webster .........
10
Eaton Mfg. Co.
304*
Studebaker Com.
114
381
Swift International
31+
Elec. Bord & Share
81
Technicolor
·15 *
Elec. Bond & Share $5 pf.
571*
Texas Corpn.
444
18.55/56
18.25/25 17.95b/18.058 17.78b/80a
17.05/05 17.86/86
17.50b
off 18.21b/24 40
.18 off 18.07/10
.25 off Fisk Rubber
Bee, Bond & Share $6 pí. Elec. Power & Light $7 pí.
671
Texes Gulf. Sulphur
291
Timken-Axle
221
15+
Trans-America. Co.
15 of Fintrote
197
20th Cent, FOL..
117
15 off
Total Sales: 2,190 tons
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 Gen, "Motors CHICAGO WHEAT
Gen. American Trans. Gen. Eléctric ....
531*
20th Cent. Fox, 31} pí.
KAMBURO
Francisco HANKOW:
(Johore)" Tientsin
Bankow Mukda Tokyo Harbin New York Tsingtao. Iloilo Peiping Tokchams
CCRAINT ACOQUNTA opened in
KIW YORK' PHIPING
(Poking)
www.
TIENTSIN TONGEAX
(Bhuket).
TEIN UTAO YOKOHAMA
FOREIGN EXCHANGE and 'General Banking Business transacted.
CURRENT Accouers opened and FIXED DEPOSIT received for Ons Year or shorter periods in Losal or Other Currencies at rates; which will be quoted or application.
SAVINGS ACCOUNTS also opened in Local Curranty and Starling with interest allowed at rates obtainable
Local CURRENCY and FIXED DEPOSIT on application.
The Bank's Head Office in London received for one year or shorter periods in Local and other Our-undertakes Executor and Trustee terms which will be business, and claims recovery of British Income Tax overpaid, on
on
ALBO up to date Bars DEPOSIT terms which may be ascertained at Boxes in various sizes To Lar any of the Agencies and Branches. Hong Kong, 11th January, 1940
BANK
R."A. CAMIDGE,
Manager.
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL ia conducted by the HONGKONG.
SHANGHAI BANKING COR PORATION. Bules may be obtain- ed on application.
HEAD OFFICE:
18, PINE STREET,
NEW YORK. American Bank offering com- plate Foreign Banking Service" in the principal Markets of the world. Interest Rates on Application.
For the HONGKONG & SHANGHALA
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 28th Feb., 1930.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital ...... 5,508,800.00 Reserve and Undivided
SAFE DEPOSIT BOXES"
This Bank is entirely owned by THE CHASE NATIONAL BAXE, New York, with Emsources of OTHE 1.8.$2,900,000,000.
A
D. M. BIGGAR,
Second Vice Pria.
CAWNPORN
CRETE
COLOMBO DELHI
MANILA
MORDAN
HAIPHONG
38
Union Carbide & Carbon
472
Profita
2,683,832.01
53+
Union Pacifo
Gen.Railway Signal
Gen Tire & Rubber
London
0/4
July
New York
....... 6-9/16
September
106/1057 105/1051
103/103 1041/1041 104/1041
1041/1041 1028/1021 102/102
1 off
Glidden Co.
14 of
Goodrich (B.F)
2 *off
Goodrich $5' pt.
Japan
27-7/8
India
22-1/8
Friday's sales:-36,527,000 bushels
Goodyear Tire & Co......
Great Northern Iron Ore ..
Paris
7.94
CHICAGO CORN,
Great Northern Rly, píd..
Hongkong
26-3/4
May
571/571
571/571
Sellers
July
57 A
Opening
Closing
September
58 B
561/561 2571/571 577A
off
Great Western Sugar
off
Greyhound Corpa, keratiing
A on
Hercules Powder Co,
Spot
0/4-5/32 0/4-5/32
ak
Homestake Mining
WINNIPEG WHEAT
Feb.
0/4-5/32 0/4-5/32
International Harvester
Mar
0/4-7/64 0/4-7/64 ·
May"
July
U.S. Dollar
October
90 B 911/911 921B
901/891
891/891 904b 914b
off
Int Nickel
of
Int. Tel, & Tel
#off
Jobras-Manville
Spot
$8-7/8
$6-27/32
NEW YORK HIDES
J. & Laughlin Steel 37 pfd. 61*
Feb,
8-7/8
6-27/32
6-25/32
8-3/4
March.....
June
September
13.98/14.02 13.95/93 13.80/82 14.30/31 14.25/18 14.12/13 14.80/84 14.50/52 14.40b/448
1801
.18 off 20 off
.1939/40-
unquoted. 3,95-3/8
High
155.32 131.41 30.– Industriais,
35.90 94.14 20. Bailu
$7.70 30.700 U÷likes
·39.13 84.31 40 Bonds
Mar.
Market: Quiet."
Merchant Rates
Sterling, 0/4-1/B."
US. Dollars, $8-13/16."
Silver Duty Rata
The Central Bank of China's rate on London at 10 am today was 1/2-1/20...
The Equalisation rate was 6 per cent.
India Rupee Paper
Bombay, Feb, 24 (Reuter). Gort 31% Rupee, 92-8-9.
Calcutta Exchange
Calcutta, Feb. 24 (Reuter), IT on Japan, 79-3/4.
New York Exchange
New York, Feb. 24 (Reuter). TT, on London (Opening Rate). 3.95-5/8
LONDON METALS
EXCHANGE London Feb, 23 (Reuter). Duyers sellers
Standard, Cash 245-1/2 248 Standard.
3 months 244-3/4 244-1/2 Standard
Set'ment Price 245-1/2
Straits
First notice day for March hides:-26/2/40' last trading day: 24/3/40,
New York, Oristat ........ 34-3/4 NY-London Cross Rate 3.96-1/4
FEDERAL RESERVE SYSTEM
Bills Bought
US. Securities hold. Federal Reserve · Ratio Federal Reserve Gredit Outstanding Monetary Gold Stock Industrial Advande
SILVER MARKET
New York, Feb. 22 (Beuter) Feb. 16 1929 Feb. 16 1940 (Feb, 22 1940
(000% amitted)
1,000 1,000 2,584,000 2,477,000 2,477,000
B4,14%
$87.50% 87.50% 1,523,000 2,587,000 2,530,000
18,108,000 14.772.000 18,063,000 14,682,000 10,434,000 10,427,000
CHINESE IMPORTS
BOMBAY SILVER
TO AUSTRALIA Bombay, Feb, 24 (Reuter),
CHUNGKING, Feb. 25 (Central) Market-Firm Oftake 50 bars.The Australian Government will
Indian Mint Sliver
announce new regulations to Ready...A
cover the Import of Chinese Mar, 4 Bettlement
goods following negotiations be- Apr. 3 Settlement
tween Mr. Pao Chun-chlen, the Chinese Consul-Getteral and the Australian Ministry of Trade and the Customs; according to a Bid- ney message.
57-01 56-05 56-10
"BROKERS' LOANS
New York, Feb. 23 (Renter), Loan on securities to brokers in New York: R
The Chinese Consul-General re- cently called attention of the Australian Government to the in- convenience incurred to Chinese Week-ended Week-ended import by the new import restric- 16/2/3915/2/40: 22/2/40tions promulgated following the $680,000,000 $484000,000 $372,000,000 olatbreak of the BLTOPGRI War
Week-ended
P. K. Krok, Esq.___ Wong Chu Son," Exq," Wong Tun Tong, Esq. Kan Ting Pa, Ring Chan Ching Shoe, Bog. Fung Ping Wah Esq Kan Tong Po, Esq., Chist Manage. LJ Tie Fong, Esq., Manager,
Branches and Agencias 2--|
Korricon Periang London Bangoon
Sagapo
SWELOW
Salcon Kalboston "Bar Trans Bydney
Hagataksel vesion - Zientaln New York. Béattier Vancouver Para Bombenig
Shanghal
Every description of Banking and Exchange business transacted. Loans granted on approved sentiti
Current Accounts opened in Local Currency and Fixed Deposita re-
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF OHINA AS AN INTERNATIONAL EXCHANGE
HANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER. ÜHIÑA) 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 Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
CANTON BWATOW SHIUCHOW
ceived for ons-yéár of shorter Law Dow Jones Averages
periods in Losal and Foreign. Cur- rencies on tezing which will be quoted on, application.per
SAFE DEPOSIT Boxes To Let..
KAN TONG, PO,
Chief-Manager.
KONGMOON TOISHAN KINGOHOW We also handle the birds of Bonds, and other Public Funds of the Chinese Government both at Home and Abroad.
BHOP J. CHEN,"
Manager.
THE KWANGTUNG PROVINCIAL
INDO-CHINA————
STEAM NAVIGATION COMPANY LTD
Operating Bervices for Cargo and. Passengers
TO
SWATOW, BEANGHAI, TSINGTAU, CHEFOO
and TIENTAIN -..
KOBF and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession Shanghai, "where" posses and cargo are landed.
For further particulars
please apply to
RDINE
(Incorporated "ho (hlan):
Chaoral Banking Facilisier and Financial Agents be The Provincial Government of Ewaughing Hand Offos "Shlukwa, Kwangsang ProviDOR Hongkong Brasch-Quen' ilde
Chater Bd2
Cable Addresses “PROVINCIAL” 1980, 94ER,
Telephones:
20112, 20113, 20143, 20181, 21681. BRANCHES "THIROUGHOUT SOUTH. CHINARAYAN Correspondente in New York and London Paid Up Capital ... N$10,000,000. Reserts Capital .............. N$10,500,000/
JYANG MANLY, PRINT
ogkong Manag.
A Job
WANT ADS
161
United Aircraft
474
201
United Airlines Trans
151
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
171
United Corpn.
31
"
181
United Corp. $3 cum p. 41
Board of Directors:
65
United Gas Corpn.
11
Bir Bhouson Chow, Chairman'.
23}
United Gas Improvement
14
Li Koon Chen, Esq.
Li Lan Bang, Eag.
13
UB, Industrual Alcohol.
221
V.8. Rubber
28
UB. Rubber 38.pfa,
113
181
UB. Steel
57
-88*
Vanadium
321
632"
Walworth Co.............
55*
Warner Bros. Pict...
31
Amoy
Batavia
36
Westinghouse Flee.....
113
Bombay
..Madia
34
Woodward Iron Cor.
Daloutta
241*
Haiphong
69}*
Chase National Bank National City Bank
344*
Tantow
Honolulu
*29*
Kobe
bid.
-ex, div.
DOW JONES "AVERAGE
Fab, 23, 1840,
Feb. 13, 147.35
High Low Close Change 147.69.148.49 148.79
30 62
25.08
20.80 30.60 20,63 25,00 2180-24,90
88.98
65.67: 45.58 11 Commodity Index 0.17:
82 off 01 off I5 of 88.86.17 off '59.91. 28 on
Beninens Dons :----380,000 shareR
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