On Singapore:-
Од Japan:-
On demand
102 1/9
SINGAPORE RUBBER
On India:
"Telegraphic Transfer:
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
MARCH 2, 1940
On London:-
Telegraphic Transfer. 1/4 13/16 | Bank Bills, on demand 1/2 13/16) Credits 4 months' sight 1/3.1/8
On Shanghai:-
On demand..
....... 350
On demand............... 52 1/2
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW (FROM PAYNE & CO.)
NEW YORK MARCH 2, 1940.
Previous March 2 Closing Opening Closing Change
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Amer. Locomotive
QUOTATION
(REUTER'S SERVICE)
+2
MONDAY, MARCH 4, 1940.
Last Safe
MARCH 3, 1940 STOCKS
Issued & Fully Paid-Up 820,000,000
Mar. 2
71*
Lakey Foundry & Mac...
Alleghany Steel Co.
213
Libbey-Owens-Ford
Last Sale ti Mar. 2
Glass 49.
Heserve Funds: Sterling
*
,!,
Allied Stores
8
Lockheed Aircraft
291
$20,000,000
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Authorised Capital 860,000,000 Incorporated by Royal Charter, 1883
..... £6,500,000 Reserve Fund
£3,000,000,
£3,000,000
£3,000,000
HEAD OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Reserve. Liability of Pro- Reserve Liability” of ·
prietors Proprietors
Paid-Up Capital
Allis Chalmers
361*
Loew's Inc.
35
Aluminium Ltd.
109
Loft Incorperated
Head Office:—HONG KONG
30
Amer. Can
1141*
Mack Truck Inc.
American Cyanamid B. Amer. Foreign Power.... Amer & Foreign $7 på. American Gas & Elec.
36
Martin, Glen L.
400
Board of Directors: H. V. Wilkinson, Esq.,
McKesson & Robbins, pid. 41
Monsanto Chemical
110*
D. F. Landals, Eaq.,
34
Montgomery Ward"
543
Deputy Chairman.
191
National Aviation
11
8% 1/8
Buyers
and demand
SPOT
On New York:-
Bank Bills, on demand 24 3/16 Credits, 60 days" sight 94 13/18
APRIL-JUNE
JULY-SEPT.
Buyers 38-1/8 38-1/8
38-1/8 unch. 36-1/4 36-1/4
38-3/8 34-7/8 34-7/8 34-7/8
Amer. Metals Co.
231
Nat, Dairy Products
164
Amer. Radiator
J. E. Bousfield, Esq.. A. H. Compton, Esq.,
+
91
Nat. Distillers
241
Hon. Mr. S. H. Dodwell,
up 1/8 unch
Amer. Rolling Mill
151
National Gypsum.....
107
G. Miskiu, Esq.,
Amer, Sting and R'ing Co.
484
National Lead
21)
A. S. Morrison, Esq.,
ALDE STAR AMBITSAR BANGKOK
Chairman.
38, Bishopsgate E.0.3.
Sub-Agencies In London: 117/182, Leadenhall Street, R.C.& West End Branch:
14/16, Cockspur Street, 8.W.1. Manchester Branch:
52, Mosley Street, Manchester, 1 AGENCIES AND BRANCHES:
HABBIN
PENANG
HONG KONG KANGOON
8 8 8 8 8 8
On Batavia:-----
On demand On Paris:
45 1/8
The market was steady. * LONDON RUBBER
Amer, Sugar Refining
21
Nat, Power & Light
7
T..E.. Pearce, Esq.,
Amer, Tel,
Tel..
1721
Buyers
Previous close Today's close
Buyers
National Steel Corp.
சG
C. O. Roberts, Esq.,
BATAVIA KKBAY
ILOILO IPON
BAIGON
"EREINBART
Amer. Tabacco "B"
88
National Supply Corp.
81
Hon. Mr. A. L. Shields,
CALOUTTA
KARACHI KLANG
SHANGHAI
ABINGAPORE
Change
On Bangkok:
APRIL
On Saigon:-
On demand .........
MAY
100 1/4
On Manila:-
JUNE
On demand
48 3/8
JULY-SEPT,
OCT.-DEC.
On demand ",
150 1/4
On Sterling Notes:-
Bank Buying Rate
1/4
Bar Sliver per os.
90 3/16
Market Report
가
Bank Bills, on demand 1085- Credits 4 months' sight 1140
SPOT
Amer, Waterworks
94
New York Central
104
Sir Vandeleur M. Grayburn,
AGENCIES: KORE
„BITIAWAN
OLATE STOST
12-7/10
Anaconda Copper
284
Niagara Hudson Power
51
- Patalix PrAON Chief Manager,
12-1/4
Atchison, T. & S. Fe.
***** 229
N. American Aviation
241
11-13/16
Auburn Motors
11
North American Co.
201
Branches:
11-5/16
CLOSED
Baltimore & Ohla
5
| Northern Pacific
Amoy
Ipoh
11-1/4
Barber Asphalt Co.
141
Owens-Illinois Glass Co.
804
Bangkok
Johore
נו
NEW
May July
......... 10.38/38
July (New contract)... 10.52 N
October
December
January {
,、,,
Spot
Merch
May
Shanghal, Mar, 2 (Reuter)
July
Official T.T. Rates
September
London
0/4
December
New York
"6-0/20
Japan
27-7/8
India
22-1/8-
Total sales:-580 tons,
Last trading 'day:—27/3/40.
FROM ROZA BROS.
10-15/16
NEW YORK COTTON: Narrow and rather reactionary. The Trade bought on the scale down but purchases were insufficient to Sentiment was quite absorb offerings which originated abroad. mixed.
NEW YORK RUBBER: The scarcity of near shipment offerings strengths the belleve of a tight spot situation in the East result- ing from an over sold position and possible losses in transportation. Akron estimates are that domestic consumption will total 800,000 tons during the present year as against about 579.000 tons in 1939 and 437,000 tons in 1938.
Silver prices dropped, yesterday to the extent of 5/16 for Ready and 3/16 for Forward, the quots- tions being 20,3/18 and 20.1/4 re- CHICAGO WHEAT: Earls" local pressure on scattered rains in There was a fair rally spectively, Silver advices reported the South-West caused an oversold market. speculators 4.5 having sold, Alater on short-covering and light offerings.. small business Wis done. The market closed steady with buyers at 1/16 over the quoted rate. American Sliver 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 392. 7/8.
Stagnant
Market
Sterling
A small transaction was report- ed at 1/2.29/32 tor Cash. The market "closed with sellers at 1/2. 7/8 March-June, buyers at 1/2. 15/16 Cash and 1/2.29/38 possibly March.
U.S. Dollars
Sellers at 24:6/16 March and 34.1/4 April, buyers at 24.7/18 Cash and 24.3/2 March.
301.
Shanghai Dollars
リ
Shanghai Market
4.1/8 for Sterling and 6.3/4 fór US Dollars, both sellers for Spot.
Shanghai Exchange
NEW YORK STOCKS: Previous close. 146.23: Today's close, 146.33: Change, up 10.
YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, May New York Rubber; May Chicago Wheat, May Chicago Corn, May New York Hides, June NEW YORK COTTON March
Close
Prev. Today's High Low Close Close Change 10.69 10.83 10.72 10.63 .09 off 18.42 18.25 18.18 18.40 .22 up
Total sales Friday:-88,000. bales, Last notice day for March cotton:--15/3/40. NEW YORK RUBBER
18.59/59 18.40/42 18.18b/20a 18.06b/10a 17.90 N
Barnsdall 01
| Bendix' Aviation
Bethlehem Steel
Bliss Co.
Case, JI
Gen. Railway Signal .11 up Gen. Tire & Rubber
Glidden Co:
Goodrich (B.F)
11
Pacific Gas & Mec
331
Batavis
Kobe
Penang Rangoon Saigon
32
Pacific Lighting
47
Bombay
Kowloon
San
751
Calcutta
Kuala
Packard Motors
31
Francisco HANKOW
13*
Canton
Lumpur
Shanghai
Pari-American Airways
171
Chefoo
London
Boeing Airplane Co.
23
Singapore
Paramount Pictures
74
Colombo Lyons
Sourabaya
Borg-Warner
Z2
Pennsylvania R.R.
Dairen
Malaces
Sungai
Bridgeport Brass Corp.
11
Phelps-Dodge
371*
Foochow Manila
Patani.
Briggs Mfg.
201
Phillips Petroleum
387
Haiphong Muar
Swatow
Brooklyn-M'hattan Trans.
191
Pittsburg Coke & Iron
Hamburg.
Brooklyn-Manhattan $8....
841*
Public Service of NJ,
104
Canadian Pacific R'way
54
Bankow Harbin
"Pullman Inc.
26
68*
Iloilo
Peiping
Pure O
81
Celanese
28+
Radio Corpn, of Am.
54
Chesapeake & Ohlo Chrysler Corpn..
39
Reading Company, Com
∙14)
84
Reading Company, 1st pfd
-254* ·
Climax-Molybdenum Co.
371
Remington Arms Co., Inc.
41"
Colts Patent Fire-Arms
79.4*
Republic Aviation. Corp,
5%
Columbia Gas & Elec....... Columbia 6% "A" pt.
51
Republic Steel
203
37
Commercial Credit Co. Com, & Southern (Ord.)
Revere Cop. & Brass Inc.
12
48
Reynold Tobac, "E"
411
1
| Richfeld On
71
Consolidated Edison'
302
Safeway Stores
49
Consolidated Ou
75
Schenley Distillers
HONGKONG SAVINGS
Continental Can
"40
Sears Roebuck
84
Continental of
221
Shell Union on
11
Copperweld Steel
Socony-Vacunum Oll
111
1001
993 1001 100%
Corn Products
614
up
Southern Pacific
121
(Johore) Tientsin Mukden
Tokyo New York Tsingtao
Yokohama
CURRENT ACCOUNTE opened in
MESAN
NEW YORK
PRIPING
(Peking)
BOURABAYA TAIPING
TIENT IN TONGKAH
(Bhukot)
TEINCTAO TOKOHAMA
FOR ION EXCHANGE. and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOSIT 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
LOCAL CURRENCY and FIXED DEPOSITS on application. received for one year or shorter The Bank's Head Office in Londen periods in Local and other Cur-undertakes Executor and Trustes réncies 00 terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
Atao up to date SAT DEPOSIT terms which may be ascertained at Boxes in various sizes To LIT. Jany of the Agencies and Branches. Hong Kong, 28th February, 1840.
R. A. CAMIDGE,
Manager.
BANK
THE CHASE BANK
The Business of the above Bank 1, QUEEN'S ROAD, CENTRAL
KUAKA
CANTON
LUMPUR
DAWNPORE • KUCHING
GEGU
COLOMBO DELHI
MADHAB MANILA
:
HAIPHONG
HAMBURG
661
653 561 56
+ up
Curtiss Wright (C)
101
is conducted by the HONGKONG
Southern Rly $5 pfd.
277
& SHANGHAI BANKING COR-
14.13
14.05 14.02 14.05
.03 up
Curtiss Wright "A".
281
Sperry
441
PORATION. Rules may be obtain-
Deere & Co.
30%
Opening
Closing
Change
Distillers Corpn. Seagrams
13.94/94
10.91/91
10.85/86
.09 off
Douglas Aircraft.
10.72/72
10.68/68 10.63/63
.09 off
Du Pont de Nemours
10.34/33
10.30/30
.08. off
Eagle Picher Lead
10.40/15
10.44/44
.08 of
Eaton Mfg. Co.,
9.89/69
.9.65/64
9.61/61
08. off
Elec, Autolite
9.55/85
9.52/52
9.46/46
.09 off
Elec, Bond & Share
9.51 N
9.49/49
9,43/43
..08 off
Elec. Bond & Share $5 pf.
11.07 N
10.95 N
.12 off
Elec. Bond & Share $6 pt.
Elec. Power & Light $7 DI.
Fisk Rubber
Flintkote
Gen. American Trans.
18.42/42
18.18/20
18.25/25
18.03/09
17.95/99
18.106/15a 18.00b/10a
17.76b/80a
.17 up
Gen." Electric ......
22 up Gen. Motors
.15 up
סט 14.
Goodrich $5 pf.
Goodyear Tire & Co........
Paris
2.94
CHICAGO WHEAT
Great Northern Iron Ore
Hongkong
26-3/4
May
1001/1003
י,
Sellers
July
931/981
1001/991 981/98)
Spot
Opening 0/4-1/B
Closing
September
931/981
1001/1001 981/981 981/983
→ up unch, unch.
Great Northern Rly, pid.
Great Western Sugar ....
Greyhound Corpn,
0/4-1/8
Hercules Powder Co.
Mar.
0/4-1/18
Apr
0/4
0/4-1/16 0/4
Friday's sales:-34,668,000 bushels.
Homestake Mining
CHICAGO CORN
International Harvester
U.S. Dollars
May
Spot
Mar.
$6-23/32
6-19/32 6-678 8-15/32
$8-3/4
July
September
561/501" 507/561 574a
501/56
567561
Int Nickel
581/58
off
Int. Tel. & Tel
57 B
} off
Johns-Manville
J. & Laughlin Steel $7 pfd.
8-1/2
WINNIPEG WHEAT
Kennecott Copper
May
881/881 88]/881
89/89
+ up
July
891b
987A
October.
9072
811A
up #up
NEW YORK HIDES
1038/40
June
September
14.02/04 14.10/10 14.28/28 14.35/35
14.05/05 14,32/32
.03 up
High Low Dow Jones Averages
06 up
155.99 121.41 · 20 · Industrials
35.90 24.14; 20 · Raila
37.70 20.70 20 Utilities.
unquoted 3.92-7/8
32.32 84.51 40 Bonds:
Apr.......
Market:-Quiet
Merchant Rates
U.S. Dollars, $8-11/16.
Sterling. 0/4-3/32.
Silver Duty Rata
The Central Bank of China's rate on London at 10 am today Was 1/2-1/2d.
The Equalisation
per cent.
India Rupee Paper
Last trading day for March hides:--24/3/40.
rate was & New York, omcial...... 34-3/4 ́» NY-London Cruss Rate 3.92-7/8
Bombay, Mar. 2 (Reuter). Government 31% Rupec, 93-0-0.
Calcutta Exchange
Calcutta, Mar, 2 (Reuter) IT. on Japan, 80-1/8.
New York Exchange
New York, Mar: 2 (Reuter). 1.7, on London (Opening Rate). 3.92-7/8.
LONDON METALS
EXCHANGE London, Mar. 1 (Reuter). aeller:
ouvers
TIN
£
A Standard Cash 252-3/4 253-1/4 Standard.
3 months 252-1/2,253-174. Standard.
Bet'ment Price:253 Straits
278-1/4
MONEY MARKET | WARTIME TRADE
STEADY
LONDON, Mar. 3 (Reuter)--The
AGREEMENT
BRUSSELS, Mar. 3
(Reuter)---
For the HONGKONG & SHANGHAI An American Bank offering com-
BANKING CORPORATION.
V. M. GRAYBURN,'
Chief Manager.
Hong Kong, 5th Feb., 1839. .
Board of Directors:
Bir Shonson Chow, Chairman
Li Koon Chan, Esq.
Li Lan Sang, Eng. P. K. Kwok, E64. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Po. Reg. Chan Ching Shok, Esq, Fung Fing Web Esq Kas Tong Po, Esq., Chief Manager. Li Tea Fong, Esq., Manager.
Branches and Agencies :--
# Banyoon
Blogspore Sonrabaya Bestow
Onigatia Melbourne San Fran- Sydney
Xaganks
olaco fionem. New York Buahtle Таровател Paris
Peining
Shanghai
plete Foreign Banking Service
in the principal Markets of the world. Interest Bates on Application.
Н
SAFE DEPOSIT BOXES
This Bank is entirely owned by THI CHASE NATIONAL BAKE, New York, with Resoures of ovan... 1.8.$2,900,000,000.
W
D. M. BIGGAR,
Second Fios Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
*BANK
PÄID-UP CAPITAL $40,000,000.00 (BRANCHES ALL. Over ÖHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Cliente special facilition 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, Loadi granted on approved securities.
Current Accounts spened in Local
CANTON Currency and Fixed Deposita re-
SWATOW ceived for. one year or shorter SHIUCHOW periods in Local and Foreign Car rencica on terms which will be quoted on application.
SAFE DIPOBIT BOXES TO LET
KAN TONG PO,
Chief Manager.
INDO-CHINA
money market, despite some Agreements regulaang trade, be- month-ending calling-in of loan- tween Belgium, Eritain and STEAM
able funds, continued adequate to France for the duration of the meet all requirements.
TO
NAVIGATION COMPANY LTD:
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN KOBE. and OSAKA
war have been signed in London Operating Services for Cargo and Passengers Yesterday's allotments of Trea- and Paris, it was announced yes- sury Bills were below the corres-terday. ponding maturities. The average I is also stated that contact rate at which the Bill was allott between the Belgian and German ed was at the low level of £1) Governments is being maintained Ba.
with a view to adapting trade. The competition for "Bills was between them to wartime condi- re- tions within the framework, of again keen and the market ceived only 34 per cent, of their the 1935 agreement. requirements.
Wall Street closed irregular."
SILVER MARKET
BOMBAY SILVER Bombay, Mar. 2. (Reuter).. Market.Qulet but steady. Of take nil
Ready
Indian Mint Suver
Apr. 3 Bettlement
May 1 Bettlement
57-11
57-14
$8-02
INDIAN EXPORTS TO BRITAIN
NEW DELHI, Mar, 3 (Reuter)--- Britain Merchandise exported to from India during January was valued at £7,000,000, according to the Trade Returns published today. This was more than twice
SINGAPORE, PENANG and CALCUTTA BANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal, in the French Concession at“ Shanghai, where passengers and cargo are landed.
For further particulara,
please apply to
JARDINE MATHESON&Co.,L
the amount exported in January. TELEPHONE SOSIL -GENERAL MANAGERS
1939.
KONGMOON: TOISHAN 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 KWANGTUNG. PROVINCIAL
BANK (Incorporated in "hi
General Banking Facilities and Vinancial Agents to
The Provincial Gayernment of
of Kwangtang
Head Offcs-hiukwaa, kwangtang Provin Hongkong Branch -Queen's Bldg., 5 Chuter BA. Calle Addresses-"PROVINCIAL" 2839, 9463, Telephones: 20112, 20113, 20143, 20181, #1681. BRANCHES THROUGHOUT SOUTH CHINA Corrependents to New York und London. Pald Up Capital. N$10,000,000,
| Reserve Capital
N$10,500,000.
AUYANG MẦNLY,
Hongkong Manager.","
A Job?
WANT ADS
Spicer Manufacturing Co. 331*
ed on application,
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
181
Standard Brands
५
$2
Stand Gas & Elec.
14
1841
Standard Ol of California
24
101
Standard On of NJ.
431
311*
Stone & Webster
94
38
Studebaker Com
114
57
Swift International
311
55
Technicolor
154
$21
Texas Corp.
441
BANK OF EAST ASIA, ......
LIMITED.
27.
Texes Gulf Sulphur
34
142
|Timken-Axle
23
191
Trans-America Co.
54
514*
20th Cent. Fox.
11*
Authorised Capital.....$10.000.000.00 Paid-Up Capital ....... "5,598,800.00 Reserve and Undivided'
381
20th Cent. Fox. $1; pt.
232
Profits
2,883,932.01
53
Union Carbide & Carbon
841
171
Union Pacific
93*
201
United Aircraft
471
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
174
United Airlines Trans
15
19
United Corpn.
21
874*
United Corpn. $3 cum pf.
391
231
United Gas Corpa....
14
131
United Gas Improvement
124 ·
23+
U.S., Industrual Alcohol.
21
271*
U.S. Rubber
351
164
US. Rubber $8 pid.
1134
871*
TB. Steel
574
534
Vanadium
331
534
Walworth Co.
51
Bataris
Корост Рем Loudog
36
Warner Bros. Pict,
31
Bombay
Maiia
Saigon
3
Westinghouse Elec..
112*
Woodward Iron Cor...
241
Haiphong Bankow Homnisla
60%
Chase National Bank
35"
Lobe
361
National City Bank
+391*
bia.
tex, div
DOW JONES AVERAGE
Mar. 1,
148.33
30.41
24.17
Mar. 3, 1940. High Low Close 14.62 148 07 140 33 30.44 30.40 30.41 24.21 24.0L 24.11
Chance .10 up. 05.off
..06 off
88.62
85.87 45.69 11 Commodity Index 60.01
88,60 58.89 Business Dons :—270,000 shares
.02.off
.13 off
No comments yet.
Private notes are available after approval.