Adams Express Alleghany Steel Co.
Allied Stores
Allis Chalmers
Aluminium Ltd,
Amer. Can
38-1/4
NEW YORK, FEBRUARY 28, 1940.
February 28 Previous Closing Opening Closing Buyers Buyers
37-3/4 37-5/8
American Oyanamid B
Amer. & Foreign Power
Change
Amer & Foreign $7 pf. American Gas & Mec. Amer. Locomotive
38-5/8
36
36
35-1/4
34-5/8 34-5/8
Amer, Rolling M
Amer. Sting and Ring Co. 49)
The market was easier.
Amer. Sugar Renning
45 1/4" LONDON RUBBER
Previous close Today's close
Amer. Tel & Tel
Buyers.
Change
Amer. Tobacco "B"
SPOT
12-3/4
APRIL
12-5/18
12-15/16 12-9/18
up 3/16
Amer, Waterworks
MAY
11-7/8
12
up. 174 up 1/8
Anaconda Copper
Atchison, T. & S. Pa
108 1/4
JULY-SEPT...........
11-3/8
On Manila
OCT.-DEC.
11-1/16
11-3/8 11-1/10
unch.
Auburn. Motors
"Baltimore & Ohlo
On demand..........
48 5/8
On Bangkok:-...
On demand
-350 1/4
On Sterling Notes:-
Bank Buying Rate...
Bar Sliver per oz.
1/3 11/16 20 3/16
came
The
March
May
July
buyers at
July (New contract), October
.
1.S. Dollars
December ( January Spot
{
}
March
May
December
8
MARKET
afternoon
May July
September
July September WINNIPEG WHEAT
May
Shanghai Dollars
July
October...g
901b 913b
NEW YORK HIDES
March
June
September
***
Market Report
FROM ROZA BROS.
The price for Ready Silver was but the unchanged yesterday Forward rate rose 1/18 to 20.1/4 Süver advices reported the market as being quietly steady with very small business done. American Silver was quoted at 34.3/4 for Spot:
The London-New York cross-rate was quoted at 402.1/2. New York- London was quoted at 395.3/8.
Market
Steady.
Sterling There were sellers after the opening at 1/2.7/8 February/May,! buyers bidding 1/2 29/32 February.
sellers
out Subsequently
at 1/2.29/32 resulting in business at 1/2.29/32 for February. market closed at lunch time with sellers at 1/2.29/32 February and
1/2.78 March/June, 1/2.15/16
Cash and probably
1/2.29/32 April.
Sellers at 24.1/2 February and 24.7/16 March, buyers at 24:9/18 Cash.
Shanghal Dollars, Sellers a:.359 buyers at 300 for Cash.
Shanghai Markel
Opened with sellers of Sterling at 4.9/64 and U.S. Dollars at 6.13/ Subsequently 16 sellers for Spot.
the rate dropped to 4.1/8 and 6.25/32 and at the close at noon the rate rose again to 4.9/64 and 6.13/16.
AFTERNOON
The market in the
was extremely quiet.
Sterling
There were sellets at 1/2.39/32 February and 1/2.7/8 March/Jane, buyers a 1/2.16/18 Cash and 1/2 29/32-April. A
C.S. Dollars Bellers at 241/2 March and 24.7/18 April, buyers at 24.9/16 Cash and 24.1/2. April,
369.
«Shanghal Market
Sterling 4.9/64 and US Dollars 6.13/16.
Shanghai Exchange
Shanghai, Feb. 27 (Reuter).
Official T.T. Rates
After opening quietly easier, the market firmed up on covering Barber Asphalt Co. and demand for near positions and scarcity sellers.
NEW YORK COTTON: There was a broad general demand but Prices closed barely Spot house selling for March was noticeable. sieady on increased price fixing at a result of a large sale of goods. NEW YORK RUBBER: Factory interest has slightly improved. Shipment offerings are small and at higher prices.
CHICAGO WHEAT; Heavy hedge-selling against loan. reposses- slons depressed the market but the tone was technically improved by the recent sales.
NEW 146.44; Change, of 28.
YORK STOCKS: Previous close, 146.72; Today's close
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York Hides, Mar. NEW YORK COTTON
Total sales Saturday's 64,500 bales.
First Notice Day for March Cotton-27/2-Last Notice Day-15/3
NEW YORK RUBBER
July
September
Total sales:-1,840 tons.
First Notice Day for March Rubber-28/2-Last Trading Day-27/3 CHICAGO WHEAT
Saturday's sales:-23,033,000 bushels. CHICAGO CORN May....
First notice day for March hides:-26/2/40 last trading day:- 24/3/40.
New York, Official
unquoted «
0/4
NY-London Cross Rate 3.95-3/8
6-9/18
"~27-178′′
22-1/8
34-3/4" 3.95-3/8
Barnsdall O
Bendix Aviation Bethlehem Steel
Bliss & Co. ...............
Borg-Warner
Case, J.I
Gen. Tire & Rubber
Glidden Co...... Goodrich (B.F.) Goodrich $5 pf......
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS]
FEBRUARY 27, 1940
On London:
Telegraphic Transfer. / 13/16) Bank, Bilis, en demand 1/2 13/16 Credits 4 months' sight 1,3,1/9 On Shanghai:--
On demand
On Singapore:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
348
On demand
62 1/2
On Japan:-
On demand
103
SINGAPORE RÜBBER
On India:-
Telegraphic Transfer, įgg i and demand
On New York:-
Bank Bills, on' demand 24/3/16 Credits, 60 days' sight 21/14/16
On Batavia-
On demand
Bank Bills, on demand 1085 Credits 4 months' sight 1140
On Saigon:-
Un demand.....
SPOT APRIL-JUNE JULY-SEPT.
On Paris:-
NEW YORK STOCK EXCHANGE
STOCKS
off 8/8 Amer. Metals Co............ Amer. Radiator
QUOTATION
(REUTER'S SERVICE)
*
*
Nat Dalry, Products Nat." Distillers
National Gypsum
National Lead
40%
WEDNESDAY, FEBRUARY 28, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 188# Paid-Up Capital .............£3,000,000 £8,500,000 Reserve Fund
#
£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors Readyve Lisbility of
..£3,000,00% HEAD OFFICE: LONDON:
Chairman.
Deputy Chairman.
J. K. Bousfeld, Esq., A. H. Compton, Em, Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq.,
8. Morrison, Esq., «
Hon. Mr. T. E. Pearce,
Q. C. Roberts, Esq.,.
Sir Vandeleur M. Grayburn,
Chief Manager,
38, Bishopsgate E.Q.2. Sub-Agencies In London; : 117/132, Leadenhall Street, EO.L West End Branch:
ค
14/16, Cockspur Street, S.W.1.
Manchester Branch:
39, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES:
ALOE STAR AMRITSAR BANGKOK BATAVIA
BOMBAY CALUOTTA
HARSIN EONG IOEQ Italo "
IPOX
KUALA
PKNANG BAN GOOS BAIGON
·SEBEKHAN
KARACHI KLANG
SHANGHAI
KINGAPORE
BITIAWAN
SOURABAYA
LUMPUR KUCHING
TAIPING 11
MADHAR
MANILA
МКРАЯ
AGENCIES: KOOK CLITE SET VAILLON PLACE CANTON DAWNPORN CEBU COLOMBO DELI
(Bhuket)
Last Bale
FEB, 27, 1940 STOCKS
Feb, 26
Last Sale
Feb, 26
Reserve Funda:
Sterling
Kennecott Copper
#371
221
Lakey Foundry & Mac. .....
4i
9
Libbey-Owens-Ford
Glass
491
Proprietors.......
$90,000,000
37
Lockheed Aircraft
304
Head Office:-HONG KONG
971
Loew's Inc.
951
1154
Mack Truck Inc."
241
Board of Direstora:
36+
Martin, Glen L
Hon. Mr. A. L. Shields,
1**
McKesson & Robbins, .pfd.
251
241
Monsanto Chemical
100
E. V. Wilkinson, Esq.,
34)
Montgomery Ward
54
18
National Aviation
121
231*
9
15
211
Nat, Power & Light
172National Steel Corp. .....
68
901..
National Supply Corp.
81
91
New York Central
181.
201
Niagara Hudson Power ...
$
22
N. American Aviation
244
10
North American Co.
214
51
Northern Pacific
8
Amoy
Branches: Ipoh
141)
Owens-Illinois Glass Co. ...
604
Bangkok
Johore
111
Pacific Gas & Elec.
34
Batavia
Kobe
Penang Rangoon Saigon
32
Facific Lighting:
47
Bombay
Kowloon
San
Calcutta
Kuala
754
Packard Motors
34
Canton
Lumpur Shanghai
131-
Paramount Pictures
7
Chefoo
London Singapore
Boeing Airplane Co.
234
Pennsylvania R.R.
Colombo
Lyons
221
Phelps-Dodge
38
Dairen
Bridgeport Brass Corp. Briggs Mig.
11
Phillips Petroleum
381
Foochow
Manila
201
Pittsburg Coke & Iron
Haiphong Muar
Patani Swatow
Brooklyn-M'hattan Trans.
193
Public Bervice of NJ.
417
Brooklyn-Manhattan $6....
81
Fullman Inc.
261
Bankow
Harbin
Canadian Pacific R'way
31
Pure Oll
81
floilo
665TM
Radio Corpn. of Am. ......
51
Celanese res
28+
Reading Company,
Corn
151
Chesapeake & Ohlo...
.391
Reading Company. 1st pfd
25*
Chrysler Corpn.
831
Remington Arms Co., Inc.
41*
Cumax-Molybdenum Co. „
381
Republic Aviation Corp.
B
Prev. Today's High
Close Close Change Low IL19 11.11 11.11 11.14 .03 up
18.20 18.35
18.21b 18.27 .06 up 1041 1023 104 1031 21 on
581 56* 507 13.77 13.59 13,80
Colts Patent Fire-Arms Columbia Gas & Elec. Columbia 6%. "A" pl.
794*
Republic Steel.
201
B+
Revere Cop. & Brass Inc...
12)
891
Reynold Tobac. "B"-
414
Commercial Credit Co....
481
Richfield Ol
7
Com, & Southern (Ord.
*
Safeway Stores
487
Consolidated Edison
317
Schenley Distillers
12/
Consolidated Ou
7+
Sears Roebuck
831
567 13.59
1 off
Continental Can
47
Shell Union Oll
111
.21 on
Continental Ol
24
Socony-Vacunum Ou
111
Copperweld Steel
154
Southern Pacific
.12
Close
11.11/12 11.13/13
Opening
Closing
11.14/14
Change
Corn Products
64
Southern Rly $5 pfd.
281
03 up
Curtiss Wright (C)
101
Sperry
441
10.86/88
10.90/90
10.91/93
.05
up
Curtiss Wright "A"
291
Spicer Manufacturing Co.
33)
10.49/50
10.52/52
10.55/55
.06 up
Deere & Co.
201
14
Standard Brands ......
7
Distillers Corpn. Seagrams
191
10.63/63
10.66/66
. 10.88/68
.05 up
Stand Gas & Mec.
17
9.88/88
9.92/91
9.39/89
.03 up
Douglas Aircraft
819
Standard Oll of California
237
9.76/76
9.82/82
9.78/18
9.73/73
9.79/79
9.74/74
01 up Eagle Picher Lead
02 up, Du Pont de Nemours
184
Standard Oil of N.J.
427
10%
Stone & Webster'
10
11.28 N
11.33 N
.05
Eaton Mig. Co.
301
up
Elec. Autolita
381
Elec. Bond & Share
87
I
Studebaker Com,
Technicolor
112
Hong Kong, 25th Feb., 1939.
Swift International
311
15
Elec, Bond & Share $5 pf.
374
Texas Corph.
431
1
Elec Bond & Share $8 pf.
67'
Texes Gulf Sulphur
347
BANK OF EAST ASIA, LIMITED
Elec. Power & Light $t pf.
291
Timken-Axle
18.21b/24a. 18.35/27. 18.07/10 18.14/14 17:78b/B0a 17.35/85 17.78/79 17.85/65 17.50b
18.27/27 18.05/06 17.83/83 17.70b/72a 17.60/60
.06 up
Fisk Rubber
15
Trans-America Co.
51
Authorised Capital......$10,000,000.00
.02 .off
Flintkote
194
20th Cent. Fox
114
Paid-Up Capital
5,599,000.00
.05 up
Gen. American Trans,
531
20th Cent. Fox. $14 pf.
23***
Reserve and Undivided
פט 05...
Gen. Electric
38
Union Carbide & Carbon
84
Profita
2,883,832.01
HAIPHONG
HAMBURG
Francisco HANKOW
Sourabaya
Malacca Sungei
Hamburg (Johore) Tientsin'
Mukden Tokyo New York Tsingtao.
Yokohama Peiping CURRENT Accourts opened in
wy!
LOCAL CURRENCY and FITEĎ Deposits received for one year or shorter periods, in Local and other Cur rencies on terms which will be quoted on application.
Also up to date SATE DEPOSIT Boxza in various sizes To Lar Hong Kong, 11th January, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
NEW YORK PRIPING
(Peking)
TIENTSIN
TOYGKAH
TSINGTAO
TOKOHAMA
FOREIGN EXCHANGE and General Baaking Business transacted,
CURRENT ACCOUNT opened and FIXED DEPOSITs received for Oas 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 Starling with interest allowed at rates obtainable on application.
דוי...
The Bank's Head Office in London 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.
A
THE CHASE BANK
16, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STRENT,
NEW YORK. Americas 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, THE "CHASE NATIONAL NEW YORK, with Resources of ovet U.S.$2,900,000,000.⠀ .
D. M. BIGGAR,
Second Fios Pro
.10
up
Gen. Motora
534
Union Facific
941
Head Office:--HONG KONG
Gen. Railway Signal
16*
United Aircraft
47
201
No. 10 Des Voeux Road; Central.
United Airlines Trans
15
104/1041 104/1037
1029/102 1012/1014 102/1021
102)/1021 1001/1001 1001/100
21 off
21 of
Goodyear Tire & Co.
2 Of
Great Northern Iron Ore
Great Northern Rly, pfd.
Great Western Sugar ......
Greyhound Corpn.
562/587 562/564
584/561
of
Hercules Powder Co......
574/571
502/561
off Homestake Mining ....
57 A
571/571
International Harvester
||
Int Nickel
Int. Tel. & Tel
894/891 891/897
881/981
₤ off
Johns-Manville
891/897.
91/01
# of
J. & Laughlin Steel 37 pfd.
+off
13.80/82. 14.12/13
14.40b/448
13.71b/77a 14.06/07 14.38/35
13.59/63
21 of
13.91/93.
21 of
14.20/23
.20 off
1939/40
High
2.94 28-3/4
London
New York
Japan
India
Paris
Hongkong
Spot
Feb. Mar.
U.S. Dollars
Spot
$6-13/16
$6-13/16
Feb,
8.13/16
6-13/18 6-23/32
Mar.
Sellers. Opening Closing 0/4-9/64 0/4-9/04 D/4-9/64 0/4-9/04 0/4-3/32
0/4-3/32
6-23/32
Market: Qulet.
Merchant Rates
Sterling, 0/4-1/8.
US Dollars, $0-3/4.
Sliver Duty Rate
The Central Bank of China's rate on London, at 10 am today was 1/2-1/2d.
The Equalisation rate was per cent,
India Rupee Paper
Bombay, Feb 28 (Reuter). Govt 31% Rupee, 82-8-0.
Calcutta Exchange
Calcutta, Feb. 26. (Reuter). T.T. on Japan, 80-1/8,
SILVER MARKET
LONDON SILVER": London, Feb. 28 (Reuter).
Silver-Very small general busi-
ness. Market quietly steady. In the afternoon, the market was
steady with small unsatisfied buy-
ers at the rate. "
Spot, 20-3/164.
Forward, 20-1/44,
NEW YORK SILVER
New York, Feb. 28 (Reuter).
Bliver, Oficial, 34-3/4
BOMBAT SILVER
Bombay, Feb. 28 (Reuter). Market Quietly steady. Offtake 50 bars.
Indian Mint Silver
Ready Mar, 4 Settlement
Apr. 3 Settlement
New York Exchange'
57-06
50-06 50-11
*.
New York, Feb. 26 (Reuter), TT, on London (Opening Rate). 3.94-7/8...
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passangers
TO
SWATOW, SHANGHAL TSINGTAU, CHEFO0
and TIENTSIN
KOB and OBAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alonguide the Hoosevelt. Terminal in the French Concession at Bhanghai, where passengers and cargo are landed.
For further particulare
please apply to
JARDINE MATHESON&Co.,LTD TELEPHONE ZOSILL GENERAL MANAGERS
P. K. Kwok, Eart,
Li Lan Sang, Eng. Wong Chu Son, Esq.
Wong Jan Tong, Esq. Kan Ying Po, ag. Chan Ching Sack, Esq. Fang Ping Wah ag
Kan Tong Po, Esq., Chief Manager. Li Tae Fong, Req, Manager.
Batavia
‚"Branches" and "Agencias :--
Pasang Blapspore Binzalars
Karloom Loudon Rangoon
Baigna Melbourne "Ban Fran. 'Sydney
daca eatin Nagasaka New York Beattle Vasconver Prit
Pulping
Bemaryngo Shangṭal
Every description of Banking and Exchange business transacted. Loans granted on approved securities,
Current Accounts epened in Local Currency and Fixed Deposits re- ceived for
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
BANK FAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branobea 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:
A, QUEEN'S ROAD, C. South Chino Offices:
one year or shorter periods in Local and Foreign Cur-CANTON rencies on terms which will be SWATOW
SHIUCHOW quoted on application.
SAFE DEPOSIT Boxes To Lat.
KAN TONG PO,
Chief Manager.
THE KWANGTUNG PROVINCIAL
BANK
(Inscrporated in China).
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chicos Government both at Home land. Abroad.
SHOU J. CHEN,
Manager.
General Banking Facilities and Winsocial Agent THE MERCANTILE BANK
The Provincial Government of Kwangtung Head Ofoe-Shinkwan, Xwangtang Province Hongkong Branch-Queen's Bldg Chater Ed. Cable Addresses-"PROVINCIAL" 2029, 0163.
Telephones:NE
20112, 20113, 20143, 20181, 31881.
·BRANCHES THROUGHOUT SOUTH CHINA Correspondente in New York and Landon f Fald Up Capital ...
*** N$10,000,000. Reserve Capital... N$10,500,000.
AUYANG MANLY,
·Hongkong Maniger.
Job?
WANT ADS
OF INDIA, LIMITED
Head ameo-5, Gracechurch Street, London, E03
Authorised Capital
Tuleeribed Capron STEM Paid-up Capital .. Interre, Fund and Hart,
BANKERS:
21.000.000
€1,800,000
$1,000,000
#1,282.770
The Bank of England.and Midland · Bank, Ltd. BRANCHEF':
Kontan
New York
Bangkok
Ipoh.* Tag 'Keila Trang BİRS
Bombay Caloutta
Jalan
Colombo Kandy
Delhi
KATIch
Kota Bharu,
Hongkong
Kuala Lipis
Gale
Howrah
Passag
Manggon
Shanghal
Bimla.
Kala Lampar Bisespore
·HONG KONG BRANCH: Every sorption of Banking and Exchang badoses transacted. S *Trærailers Choquan lansed,,AN TRUSTEE AND EXECUTORSHIP
UNDERTAKEN /
UTEREST ACCOUNTS Oprzed in Logul Our rungy and PEXED DEPOSIT8 retired: is Local Currency, BZEELING A U. 5. DOLLARS os terzan that may be sangrtained on syplication.
·D. BENSON,
174
United Corpn.
21
Board of Directors:
181
Untied Corp. $3 cum pf.
404
Bir Sbouson Chow, Chairman
647*
231
United Gas Corpn.......... United Gas Improvement
11
Li Koon Chun, Esq.
144
13
23
U.S., Industrual Alcohol. US, Rubber
211
36
281
US. Rubber $8 pfd.
'1127
162
US. Steel
571
884
Vanadium
321
54
Walworth Co.
51
Amoy
551
Warner Bros. Pict.
31
364
Westinghouse Elec.
1111
Bombay
Mandia
Daloutie
37
Woodward Iron Cor.
241
Haiphong
Hankow
70
Chase National Bank
A1*
National City Bank
341* 29*
Homolala Loba
•bid.
tex. dlv.
DOW JONES AVERAGE
Low Dow Jones Averages Fab. 97, 155.99 19141 30 Industrial su
Feb. 27, 1940. High Low Close
35.90 24.140 Rails
97.70 30.700 Utilities
22.22 84.51.40 Bonds
148.73 30 63 34.90 88.88
65.67 45.59 11 Commodity Index 69.81
146.89 145,81 148.44
unch. 30.70 30,56 30.83
.10 of 24.58 24.09 24.30
88.78 08. of 59.23 58-off Business Done 140,000 shares
Change 23 off
No comments yet.
Private notes are available after approval.