On Batavia-
On demand
44 7/B
Previous close Today's close
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 5, 1940
On London:-
Telegraphic Transfer, 1/2 13/16) Bank Bills, en demand 1/9 13/1- Credits 4 inanthis sight 1,3 1/8
On Singapore:-
On Shanghal:.
On demand
On demand
On Japan:-
On demand
On India:-
Telegraphic Transfer.
and demand....
On New York:-
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
347.
69.1/9
109 1/4
SINGAPORE RUBBER
182 1/8
Bank Bils, on demand 24 1/16 Credits, 60 days' sight 24 11/16
SPOT APRIL-JUNE JULY-SEPT.
NEW YORK, MARCH 4, 1940. Previous March 4 Closing Opening Closing Change Buyers Buyers
30-1/8 38-3/8 38-1/2 up 3/8
36-3/4 36-3/8 36-5/8 34-7/8 35-1/8 35-1/4
The market was steady but qalet, LONDON RUBBER
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express.
QUOTATION
(REUTER'S SERVICE)
WEDNESDAY, MARCH 6, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Last Sale
Mar. 4
73*
|Lakey Foundry & Mac,
MARCH 5, 1940 “. STOCKS
Last Sale Mar. 4
4
Sterling
Alleghany Steel Co.
Libbey-Owens-Ford
Glass
494
Reserye Liability of
Allied Stores
B
Lockheed Alrerait
30
Allis Chalmers
367
Proprietors
.........$80,000,000
Loew's Inc.
34
Aluminium Ltd.
109
Lott Incorperated
291
Head Office:-HONG KONG
Amer. Can
1143
Mack Truck Inc.
251
American Cyanamid B.
36T
Martin, Glen L
42
Amer. & Foreign Power Amer & Foreign $7 pt. American Gas & Elec.
1
McKesson & Robbins, pfd.
24*
**
Monsanto Chemical a..
105
344
Montgomery Ward
534
Amer. Locomotive Amer, Metals Co. ( Amer Radiator
20
National Aviation
Board of Directors: H. V. Wilkinson, Esq.,
Chairman, Hon. Mr. J. J. Paterson,
Deputy Chairman.
231
Nat, Dairy Products-
16)
J. E. Bousfeld, Esq.,
Nat, Distillers
241
4. H. Compton, Esq.,
Amer, Rolling Mill...
15
National Gypsum
101
Hon. Mr. S. H. Dodwell,
Amer. S'ting and R'ing Co.
481
National Lead
212
G. Miskin, Esq.,
Amer, Sugar Refining
211
K. S. Morrison, Esq.,
Nat, Power & Light-
71
T. E. Pearce, Esq.,
BANKING CORPORATION
Authorised Capital....... $50,000,000
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1811s
Reserve Funds:
Paid-Up Capital 6,600,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
£3,000,001 HEAD OFFICE: LONDON:
$8, Bishopsgate E.03. Sun-Agencies In London: 117/183, Leadenhall Street, E.Ç.A. West End Branch:
14/18, Cockspur Street, S.W.1. Manchester Branch: 52, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES:
ALOR STAX HARRIN PENANG AMRITSAR
EONG KONG LAGOON. LLOILO IPOH
INDIA, AUSTRALIA .
AND CHINA
£3,000,000. .....£3,000,000
BANGKOK. BATAVIA
BAIGON
KEREMBAN
Amer. Tel. & Tel.
1721
National Steel Corp.
661
0. C... Roberts, Esq..
BOMBAT
KARACHI
SHANGHAI
Amer. Tobacco "B"
88+
National Supply Corp.
82
Hon. Mr. A. L. Shields,
GALOUTTA
KLANG
SINGAPOR
On Parls:-
Buyers
Buyers
Change
Amer. Waterworks
91
New York Central
161
AGENCIES: 108
Bank Bills, on demand 1085 Credits 4 months' sight 1140
SPOI
12-7/16
12-7/16
unch.
Anaconda Copper
2911
Niagara Eudson Power
51
Sir Vandeleur M. Grayburn,
SITIAWAN
CLITE STIEST
APRIL
12-1/4
12-1/4
unch,
Atchison, T. & a Fe.
23
N. American Aviation
241
Chief Manager, ASLI PLAVE
KUALA
BOURABATA
LUMPUR
TAIPING
On Saigon -
MAY
11-13/18
12
up 3/16
Auburn Motors
North American Co.
201
On Bangkok:-
Un demand
On Manila:-
On demand
On deraand
108 1/4
J.UNE
11-5/18
11-9/16
up 1/4
Baltimore & Ohio
Northern Paciāc
B
48 1/8
JULY-SEPT.
11-1/4
11-3/8
up 1/8
Barber Asphalt Co.
14
Owens-Illinois, Glass Co. ...
801*"
Amoy
Branches: Ipoh
OCT.-DEC.
10-15/18
11-1/16
up 1/8
Barnsdall Ou
11
Pacific Gas & Elec
331
Bangkok
Johore
·180 1/4
After ruling steady, the
market closed irregular.
Bendix Aviation
32"
Batavia
Kobe
Pacific Lighting
47
Bombay
Kowloon
On Sterling Notes:-
Bank Buying Rate
1/4
Bar Silver per oz.
91 1/4
re-
scarce.
11
Market
the The tone was quiet for
of
-morning? greater part
the operators refusing to budge from quotations, but towards the close
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May. New York Hidės, June NEW YORK COTTON
Market Report
FROM RUZA BROS. aliver prices rose yesterday to the extent of 1.1/10 for Ready
and 7/8 for Forward, the quota- tions being 21.1/4 and 21.1/8
advices respectively. Silver
having да pored "Speculators bought to a small extent, The closed market was steady but
easier with sellers at 1/4 under rate. Buyers were the quoted
Suver American
WAS
quoted at 34.3/4 tof spot.
The London-New York Cross- rate was quoted at 402.1/2. New York-London was quoted at 381. 1/4.
NEW YORK COTTON: The demand for actuals has improved and the interior is offering very little in the way of Spots or certi- ficates. Selling during the past week has evidently strengthened the market technically
१।
NEW YORK RUBBER: There was some scattered March liquida- tion on a thin market. The Armness of the London markets falled to be impressive. Demand for Spots is smali.
Bliss Co.
- CHICAGO WHEAT: Some selling pressure on advances and fur-Canadian Pacific R'way ther reports of rains in the South-West caused scattered liquidation and the market is now awaiting some new incentive.
NEW YORK STOCKS: Previous close, 146,33: Today's close, 146.43; Change, up 10.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Bethlehem Steel
781
Packard Motors
3+
Calcutta
Kuala
13+
Pan-American Airways
171
Canton
Lumpur
Shanghai
Boeing Airplane Co.
234
Paramount Pictures
71
Chefoo
London
Borg-Warner
221
Pennsylvania R.R.
221
Colombo
Lyons
Bridgeport Brass Corp. Briggs Mfg.
107
Phelps-Dodge
39+
.
Dairen Malacca
201
Phillips Petroleum
36
Focobow
Manila
"
Sungel
Swatow
Brooklyn-M'hattan Trans.
201
Pittsburg Coke & Iron
71*
Brooklyn-Manhattan $6.
841
Public Service of N.J.
404
54
Pullman Inc.
262
Harbin
Case, J.I.....
68.
Pure Of
Iloilo
Celanese
20+
Radio Corpa, of Am,
51
-
Chesapeake & Ohio
39
Reading Company,
Com
CURRENT
Chrysler Corpn.
834
Reading Company, 1st pid
Climax-Molybdenum Co...
38"
Remington Arms Co., Inc.
Colts Patent Fire-Arms
79,*
Republic, Aviation Corp....
Columbia Gas & Elec
54
Republic Steel. ......
207-
Columbia 6%% "A" pl.
877
Revere Cop. Brass Inc,..
12
Commercial Credit Co.
46
Reynold Tobac: "B"
411-
Prev. Today's
Close. Close High Low 30.75 10.88 10.83 10,75 18.37 18.26
18.28.14 off. 18.40
Com, & Southern (Ord.))
11
Richfield Of
7
Change
Consolidated Edison
*307
Safeway Stores
49%
.12 up
Consolidated O
7
Schenley Distillers
12"
Continental Can
451
Sears Roebuck
831
1013 100
100%
561 14.15 14.02
557 58
100
561
off
Continental Ofl
221
Shell Union Oil
101
Francisco HANKOW
Singapore. Sourabaya
· Patani
Haiphong Muar Hamburg (Johore) Tientsin Bankow Mukden Tokyo
New York Tsingtao
Yokohama Peiping
PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transactad,
CURRENT ACCOUmms opened mad 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 Accounts opened in interest allowed at ratos obtainable 15
LOCAL CURRENCY and FIXED DEPOSIT on application. 251*
The Bank's Head Offos in London received for one year or shorter. 41*
periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
Also up to date Sars DEPOSIT terms which may be ascertained at BOXES in various sizes To LET any of the Agencies and Branches. Hong Kong. 28th February, 1940.
R. A. CAMIDGE,
HONGKONG SAVINGS
BANK
Penang Rangoon Saigon HAIPHONG San
HAMBURG
GANTON GAWNIONS CEBU COLOMBO DELHI
KOCHING MADRAS
TIENTSIN
TONGKAR
เป
MANILA
(Bhuket)
МЕДАН
TSINGTAO
NEW YORK
TOKOHAMA
Manager.
W
.14.05 14.05
1 up unch.
Copperweld Steel
154
Socony-Vacunum Oil
111
Corn Products ....
624
Southern Pacific
121
The Business of the above Bank
Curtiss Wright (C.)
101
Southern Rly, $5. pfd,
284
March
at lunch time the US,
Dollar
May
market eased off slightly.
July
Sterling
་་
Sellers at 1/2.7/8 March/June,
July (New contract) October
·December ( January
Close 10.85/88
10.83/68 10.63/63 10.30/30 10.34/33 10.44/44
Opening
Closing
Change
Curtiss Wright “A”
201
Sperry
441
& SHANGHAI BANKING COR
10.88/88
10.98/98
.13 up
Deere & Co.
201*
Spicer Manufacturing Co.
331*
PORATION. Rules may be obtain-
10.75/75
.12 up
Distillers Corpn. Seagrams
181
Standard Brands
82
ed on application.
10.41/41
11. up
Douglas Aircraft
324
Stand Gas & Elec.
10*
10.47/47
10.55 N
11 up
Du Pont de Nemours ***.***
1842
Standard Of of California
24.
9.61/61
9.66/67
9.73/73
12 Up
Eagle Picher Lead-ag
104"
}
9.46/46
9.52/52
9.59/59.
13 up
Eaton Mfg. Co.
})
9.43/43
9.49/49
"9.55 N
12 up
Elec, Autolite
Spot
10.95 'N
11.08 N
קט 13.
Mec, Bond & Share
Elec. Bond & Share $5 pl.
Total sales. Saturday:-53,900 beles.
Last notice day for March cotton;-15/3/40.
Elec Bond & Share $6 pf.
Iméc. Power & Light $7 pf.
at 34.1/4 Cash.
The
Fisk Rubber
at 24.3/16
March
and 24.1/18
possibly Cash.
NKW YORK RUBBER
March
May
July
September
Flintkote
18.59/59
18.40/42
18.30b/45a
for
December
Total sales:-460 tons,
Last trading day:—21/3/40.
CHICAGO WHEAT
18.18b/20a 18.15b/23a 18.06b/10 18.00b/13a 17.90 N
18.38b/39a 21 off 18.26/28 .14 off. 18.10b/18a .08 off 17.95b/18.00a 11 of 17.80b/858 .10 off
Gen. American Trans.
Gen. Electric
Gen. Motors
Gen Railway Signal
Gen. Tire & Rubber
Glidden Co.
Goodrich (B.F.)
Goodrich $5 pf, wil...................
Goodyear Tire & Co.
Great Northern Iron Ore ..
May July
September
CHICAGO CORN
1000/1001
981/903 981/981
1004/1002 982/98!
1001/100 981/981
973/973
off
Great Northern Rly, pfd.
off
+ out-
Great Western Sugar .....
Greyhound Corpn.
Saturday's sales:-19,139,000 bushels.
Hercules Powder · Co.
Homestake Mining
International Harvester
50/501
551/551
661/561
581/561
584/581
... 67 B
571/571
WINNIPEG WHEAT
1/27/8 MAY July
October
up
Int Nickel-
up
Int. Tel & Tel
מוד 3
Johns-Manville
"
J. & Laughlin Steel $ pfd.
Kennecott Copper
89/89
887 A
891A 911A
881/884 89 B 907A
од
oft off
1939/40
14.05/06 14.05/05 14,02b/06a 14.32/32 14.32b/35a -14.30/31
unch. .02 off
Last trading day for March hides:--24/3/40. New York. Official................... unquoted NY-London Cross Rate 332-7/8.
34-3/4 3.91-1/4
buyers at 1/2.29/32 Cash.
U.S. Dollars
The market opened with buyers ap-24:5/16 March, Subsequently
arranged market closed at 1 pm. with sellers
a small business was
April, buyers at 24.1/4 March
Shanghai Dollars
Opened with sellers at 354 and
at the close at 1 pm, there were
sellers at 357.1/2.
Shanghai Market
As the opening sellers sterling were quoted at 45/32 and UB. Dollars 6.25/32. Subsequent- In the rate rose to 4.11/64 and 6.13/18 and towards the close at shade Noon the market was caster with sellers for Soot at: 4.3/84 and 8.3/4.
AFTERNOON MARKET The Sterling market was quiet In the afternoon and the UB Dollar market was a shade easier.
Sterling
There were" sellers "at March/June, buyer at 1/2.28/32 Cash.
U.S. DollarS The market closed with sellers at 241/8 March and 24.1/18 April, buyers at 24.1/4 Cash 24.3/16 March and 24.1/8 April.
Shanghai Dollars
358.1/2 sellers.
Shanghai Market Inclined to easirless and to- wards the close sellers for Spot were quoted at 4.1/8.
Shanghai Exchange
Official T.T. Rates Shanghai, Mar, 5 (Reuter). London
New York
0/4
6-9/18
Japan
27-7/8
India
22-1/8-
Paris
Hongkong
2,94 26-3/4
Bellern
Spot
Mar.
Opening Closing 0/4-5/32 0/4-9/64 0/4-1/8, 0/4-7/04
Apr.
Spot
Mar......
Apr.
0/4-5/64 0/4-1/16
U.S. Dollars.
$6-25/32 $8-23/32 8-21732 6-23/32 6-5/8.
8-9/16
Market: Easy.
Merchant Rates
Sterling, 0/4-1/8.
US. Dollars, $6-11/16.
Silver Duty Rate
May" July September
NEW YORK HIDES June... September
LONDON METALS
EXCHANGE
London, Mar. 4 (Reuter). Duyers
TIN
£
.10 up
INDO-CHINA
sellers STEAM NAVIGATION COMPANY LTD
Standard, Cash 251-3/4 252 Standard, '
3 months 251-1/2 252
India Rupee Paper
Operating Services for Cargo and Passengers
&
TO
"Bombay, Mar. 4 Reuter), Govt, 31% Rupee, 92-08-0,
Calcutta Exchange
Calcutta, Mar. 4 (Reuter), T.T. on Japan, 80-1/8,
The Central Bank of China's New York Exchange
rate on London at 10 am
was 1/2-1/24.
today
The Equalisation rate was 12"
per cent.
New York, Mar; 4 (Reuter)
T.T, on London (Opening Rate), 3.91-3/8
BWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA"
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at: Shanghai, where passengers and cargo are lauded.
t
For farther particulars -
please apply to
JARDINE MATHESON& TELEPHONE ZOZILO GENERAL MA
CERS
Li Koon Chun, Esq. Li Lai Sang, Esq,
Specially Chartered by
P. K. Kwok. Esq., Wong Chu Sơn, Biq. | PHE NATIONAL GOVERNMENT:
Wong In Tong, Esq. Kan Ying Po, Bag. Chan Ching ShoE, Esq, Fang Ping Wah Esq
Kao Tong Po, Esq., Chief Manager. Li Tas Fong, Esq., Manager.
Kandla
Branches and Agencies :---
Horticos Penser Singapore London Bangood Bombaya
Balgon Bwato# Malbourne "bari Fran. Bydney
cisco Bankin Nagaasics
Vancouver New York Beattle
Bemarang
Peiping
Every description of Banking and Exchange business transacted. Loans granted an approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter
periods in Local and Foreign Cur- rencies on
terms which will be quoted on application.
BATE DEPOSIT BOXES TO LEL
KAN TONG PO,
Chief Manager.
THE KWANGTONG PROVINCIAL
BANK
ابز
(Incorporated in (ima)
General Banking Pacilities and Financial Agente te The Provincial Government of Kwangtung Hand fleshiakwan, kwangtung Provinos. Hongkong Branch --Queen'a kīdg,, X Chaker BA. Cablu Addresses-*PROVINCIAL" 2029, 0445.',
* Telephones:
OF CHINA AB ANA INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.08
(BRANCHES › ALL OYEE CHINA)\ Owing to our numerous Branches in Chian 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:
KONGMOON CANTON
TOISHAN SWATOW SHIUCHOW KINGCHOW
We also handle the issue of Bonde and other Public Funds of the Chinese Government both at Home and Abroad:
SHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head ofcol-15, Gracechurch Street, London, EC1 Authorized Capital
$23,000,000
| Subscribed Capital...
Paid-up Capitis Reserve Fund and Hest,
£1,050,000
20112, 20112. 20143, 20181, 31631. BRANCHES THROUGHOUT BOUTH CHINA Correspondents in New York and Loddon Paid Up Capital .............. N$10,000,009. || The Bank of England and Midland · Reserve Capital .............. N$10,500,000.
BANKERS:
1 Bank, Ltd.
BRANCHES:
AUYANG MANLY ::
Hongkong, Manager.
Bangkok Bombay Calcatta Colorado
Koala Tranggon"'
Jakes.
Madras
New Tork
Kandy
Penang
Karachi
Bangoon
Galle
Tom Bbarg
Shanghai
Kala, Ziyla
Karla Lumpur šiamspors
A Job?
WANT ADS
Hongkong
Howrah
Kuantan
HONG KONG BRANCH:
Every desorpties of Bastking, and~Exchang
buluane tranenčted.
Trivellas Obeques "Lanced,
Z
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN DUBBENT ACCOUNTS opened in Ional Car FEHOT 1 FIXED DEPORTIS toived in Loon! Currency, STERLING & V. 0,. DOLLARA de Lesse that may be moutained on appliqution.)
D. BENSON
Standard Oil of NJ,
431
314
Stone & Webster
91
38
Studebaker Com
114
51
Swift International
314
56
Technicolor
151
-62
Texas Corpn.
271-
Texes Gulf Sulphur
932
BANK OF EAST ASIA, LIMITED
141
Timken-Axie
231
191*
Trans-America. Co.
51)
20th Cent. FOX ......
112
38.
20th Cent. Fox, $i; pl.
23*
Authorised Capital......$10,000,000.00 Paid-Up Capital 5,508,800.00 Beserve and Undivided.
Profits
2,883,931.01
523
THE CHASE BANK·
is conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAĻ
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
HEAD OFFICE:
18, PINK STREET,
NEW YORK. An American Bank offering com- plete Foreign Banking Berrios. in the principal Markets of the world
Interest Rates on Application.
SAFE DEPOSIT: BOXES
This Bank is entirely owned by CHASE NATIONAL Banx, NEW YORK, -with. Resources of ove U.8.$3,900,000,000.
D. M. BIGGAB,
Second Vice Pres
THI
Union Carbide & Carbon
B4
171"
Union Pacific
931*
Head Office:-HONG KONG
201
United Aircraft
474
No. 10 Des Voeux Road, Central..
17
United Airlines Trans ....ti
151
191
United Corpn.
21
Board of Directors:
BANK OF CHINA
681
United Corpn. $3 cum pf. 381
Siz Bhouson Chow, Chairman
23
United Gas Corpn.
17
131
United Gas Improvement
13
23+
U.S., Industrual Alcohol.
211
271
UB. Rubber
354
10
US. Rubber $8 pfð,
1131
85
UB. Steel
581
531
•
Vanadium
33.
54
Walworth Co.
51
"Amoy"
38
Warner Bros. Pict.
31
Bombay
.31
Westinghouse @mec,
113
70
Woodward Iron Cor.
241
*09
Chase National Bank
35*
Caloutés Haiphong Hankow Honolain. Kobe
Paris
Shangha
3T1
National City Bank
291*
bid.
I-ex div. DOW JONES AVERAGE
Low Dow Jones Averagys Mar. 2. High *155.92 131.41 30 Industrial
86.90 24.14 30 Rails 87.70 20.70:20 - Utilitsen -21.29 84.51 40 Bonds
85.87 45.59.11
146.33
Mar. 3, 1940,.. High Low Close 146.77 148.00 146.43
Change
3041
'8421
30.61 30.38 · 30.46 24.29 23.95 $4.29
..es up
18 up
88,80
Commodity Indez · 54,88
88.63 58,84 Business Done-460,000 shares.
.03 up .04 of
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