1940-03-11 — Page 10

Hamburg (Johore) Tientsin

New York Tsingtao Peiping Yokohama

priators

HEAD OFFICE: LONDON:

£3,000,000

MUDAN

NEW YORK PRIPING

(Peking)

TONGKAH

(Bhuket) TEINGTAO

YOKOHAMA

FOR ION EXCHANGE. and General Banking Business transacted.

CORRENT ÀCours opened and FIXED DEPOStr received för 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 rates obtainable

350

63 3/8

01 3/4

SINGAPORE RUBBER

SPOT

APRIL-JUNE

36-7/8

8 JULY-SEFT.

38-3/4 38-5/8 36-7/8 35-3/4 35-18 35 cts. 35-1/8

The market was quiet but steady. LONDON RUBBER

Previous close Today's close

Buyers

.... 44 1/2

On Paris:-

On Saigon:-

On demand

Op Manila:-

On demand

On Bangkok:-

On demand

On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

SPOT

12-1/8

+

12-1/16.

11-778

JUNE

108

JULY-SEPT.

OCT.-DEC.

47 7/8

11-5/8

PACE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS-

1

MARCH 9, 1948- -

On London-

Telegraphic Transfer. 1/2 26/33) Bank Bills, on demand 1/2 26/33 Credits 4 months' sight 1,3 3,39

On Shanghai:-

On demand

On Singapore:-

On demand

On Japan:-

On demand

On India:-

Telegraphic

and demand

On New York:-

Transfer. 182

Bank Bills on demand 23 15

Credits. 60 days' sight 24 9/16

On Batavia:-

On demand"

"Bank Bills, on demand 1082 -

Credits 4 months' sight 1137

PAYNE & CO.

· COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

APRIL

AY

(FROM PAYNE & CO.)

NEW YORK. MARCH 9 1940.

March 9 Previous Closing. Opening Closing Change Buyers Buyers 38-7/8

NEW YORK STOCK EXCHANGE

STOCKS

Adam; Express

QUOTATION

(REUTER'S SERVICE)

+6

National Lead

*

ቕርና

Last Sale

MARCH 10, 1946 STOCKS

Mar. 9

Last Sale Mar. 9

...

*73*

Alleghany Steel Co..

221

Lakey Foundry & Mac. ..... Libbey-Owens-Ford Glass" bu

Allied Stores

| Lockheed Aircraft

303

Reserve Liability of

MONDAY, MARCH 11, 1940.

BANKS

RONGKONG & SHANGHAI{THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital....... $50,000,000

INDIA, AUSTRALIA"-

AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 181

Reserve Funds:

Paid-Up Capital £6,500,000 Reserve Fund............ £3,000,000 Sterling

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

„£3,000,000

Proprietors

$20,000,000

Allis Chalmers.

37

Loew's Inc. ....................

Aluminium Ltd.

1083

Lott Incorperated

29

Amer. Can........

1153

Mack Truck Inc.

25*

American Cyanamid B.

287

Martin, Glen L.

434

Amer. & Foreign Power

13

McKesson & Robbins, pfd.

**44*

Head Office-HONG KONG

Board of Directors: " H. V. Wilkinson, Esq.,”

Amer & Foreign $ pf.

23*

Monsanto Chemical

10831

American Gas & Elec.

34

Montgomery Ward.......

Thairman. Hoo, Mr. J. J. Paterson,.

Amer. Locomotive

21

National Aviation

14

off 1/4

Amer. Metals Co.

24

Nat, Dairy Products

164

unch.

Amer. Radiator

DI

Nat, Distillers

25

Amer. Rolling Mill

15

National Gypsum

Amer. S'ting and Ring Co.

493

*1*

Amer. Sugar Refining

203*

Nat, Power & Light

7

K. S. Morrison, Esq.,

Buyers

Change

Amer. Tel & Tel.

"

T. E. Pearce, Esq.,

1742

National Steel Corp.

671

Amer. Tobacco "B"

C. O Roberts, Esq...

80

National Supply Corp.

81

Hou. Mr. A. L Shields,

Amer. Waterworks

New York Central

161

MARKET

Anaconda Copper

201

Niagara Hudson Power

5

CLOSED

Atchison, T. & S. Fe.

227

N. American Aviation

251

11-1/2

Auburn Motors

1

North American Co.

211

11-1/4

Baltimore & Ohlo

5+

Northern Pacific

"g

cross-

New

Market

New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Com, May New York Hides, June

market was a shade steadier.

Sterling

May

July

(

1/2.27/32 to: December (i

}

{

•

May

September

Friday's sales 29,211,000 bushela. CHICAGO CORN

Official TT. Rates

May

July

•London

0/4

September

Market Keport

NEW YORK COTTON: Southern selling and scattered liquida-

Japanese demand, tion was absorbed by broad Trade and

130 1/2 hinted that higher Loan basis for next season's crop ranging from Go to 70 per cent of "pärity" might be able to secure sufficient ad- 1/4 heren for passage in both Houses of Congress. 91 5/16

FROM ROZA ÚROS. Silver prices rose yesterday to the extent of 3/18 for Ready and 1/4 or Forward, the quotations

NEW YORK COPPER: Producers have raised the price of re- fined copper 1/4 of a cent a pound to the '11-1/2 cent, level. Good foreign demand was noted,

CHICAGO WHEAT: The market showed easiness in the early 'session despite continuation of cold weather throughout the belt here was a good rally later on lack of offerings and dust storms in Kansas, where there are no indications of rain.

NEW YORK STOCKS: Previous close. 148,07: Today's close

being 215/16 and 21.1/4 respec- 148.14: Change, up 07: tively. Sliver advices reported some bear covering. Buyers satis- fled. Later the market was firm.

A small business was done at 1/16 over the quoted rate"

American

Silver was quoted at 34.3/4 for Spot.

The London/New York rate was quoted at 402,1/2. York/London was quoted at 389. 1/2

NEW YORK COMMODITY MARKET

Opened with Indications of east-; NEW YORK COTTON ness but towards the close the March

Opened with sellers at 1/2.13/16, July (New contract) buyers bidding 1/2.78 resulting in October

at some business March. The market closed with January sellers at 1/2.13/16 March/August. Spot buyers at 1/2.7/8 Cash and 1/2 27/32 June.

US Dollars

(REUTER'S SERVICE)

Total sales Friday:-51,600 bales.

Last notice day for March cotton:-15/3/40, NEW YORK RUBBER

Some business was reported at March 24 for May and 24.1/16 April., The May

market closed with probable sel- July

lers at 24.1/16 Cash, 24 April and September 23.15/16 May. buyers at 24.3/18 December Cash, 24.1/8 March and 24 May.

Shanghai Dollars

357 sellers, buyers bidding 358.

Shanghai

Market

Total sales:-540 tons, Last trading day:-27/3/40. CHICAGO WHEAT

Sterling 4.9/64 and. U.S. Dollars July

€ 23/32.

Shanghai Exchange

Shanghai Mar. 9 (Reuter).

Bliss Co.

Case, J.L

Barber Asphalt Co.

151*

Owens-linols Glass Co.›.

61

Amoy

Branches: Ipob

It is

Barnsdall ou

11

Pacific Gas & Elec

337

Bangkok

Johore

Penang Rangoon

Sir Vandeleur M. Grayburn,

Chief Manager.

DALOUTTA

AGENCIES: НОВИ

OLITE STET

KLIK PLACE

CANTON

CA WNPORE

CHAP

KUALA

LUMPUR KUCHING MADRAS

MANILA

SINGAPOR BITIAWAN SOURABAYA " TAIPING

TIENTSIN

Deputy Chairman.

J. K. Bonsfeld, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell, G. Miskin, Esq.,.

38, Bishopsgate E.C..

Sub-Agencies In London:

117/12, Leadenhall Street, E.0.1 ·

West End Branch:

14/18, Cockspur Street, S.W.1. Manchester Branch:

59, Mosley Street, Manchester, 9.

AGENCIES AND BRANCHES:

HARDIN PENANG TONG KONG BANGOON ILOILO

ALOE STAS AMRITSAR BANGKOK

BATAVIA

SAIGON

ХРОН

BEREMBAN

· KARACHI KLANG

BHANGBAL

BOMBAY

COLOMBO DELMI

Batavia

Kobe

Bendix Aviation Bethlehem Steel

311

Pacific Lighting

471

Saigon

HAIPHONG'

Bombay

Kowloon

San

*01

HAMBURQ

Packard Motors

Calcutta

Kuala

151

| Pan-American Airways

18

Francisco HANKOW:

Canton

Lumpur Shanghai...

Boeing Airplane Co.

231

Paramount Pictures

74

Chefoo

London

Borg-Warner

227

Perinsylvania R.R.

224"

Colombo Lyons

Singapore Sourabaya

Bridgeport Brass Corp.

104

| Phelps-Dodge

33

Dairer Malacca Sungei

Briggs Mfg......

221

Phillips. Petroleum

387

Foochow Manila

Brooklyn-Mhattan Trans.

214

Pittsburg Coke & Iron

72*

Haiphong Muar

Patani Swatow

Brooklyn-Manhattan $8.....

91

Public Service of NJ,

41

Bankow Mukden Tokyo

"

Canadian Pacific R'way,

61

Pullman Inc.

231

Harbin

· 681*

Pure O...

91

Iloilo

Celanese

301

Radio Corpn. of Am.

ગ

Chesapeake & Ohio

391

Reading Company,

Com

15)*

CURRENT

Chrysler Corpn.

£53

Reading Company, 1st pfd

25 *

Climax-Molybdenum Co.

383

Remington Arms Co., Inc.

41*.

Colts Patent Fire-Arms Columbia Gas & Elec.

794*

Republic Aviation Corp."...

51

18.55

1041 57 14.20 14.19

Prev. Today's High Low Close Close 10.77. 10.73 10.75 10,77 18.45. 18.45 18.45 102 1027 104

561

Republic Steel

20

Columbia 8% "A" p.

87*

Change .02 up unch.

Revere Cop. & Brass Inc..

121*

Commercial Credit Co.

481

Reynold Tobac. "B"

411

Com, & Southern (Ord.)

L

Richfield Ou

7

1* up

561

584 14.23b 14.20

Consolidated Edison Consolidated Oil

307

Safeway Stores

51

71

Schenley Distillers

112

& up

Continental Can

45

.03 off

| Sears, Roebuck ·

843

Continental Of

22)

Shell Union Oll

10%

Close

Opening

Closing

Change

10.97/98

10.97/98

10.08/08

10. up

Copperweld Steel

17

Socony-Vacunum Of

11

Corn Products

631

Southern Pacific

10.75/75

10.76/76

10.77/77

.02 up

Curtiss Wright (C.)

1 :

10.40/40

10.41/41

10.42/42"

קט 02,

Southem Rly $5 pfd,

23

Curtiss Wright "A"

201

Sperry

443

10.53. N

10.54/54

10.55 N

.02 up

9.83/83

9.85/26

*P.85/86

L

Deere & Co.

212

Spicer Manufacturing Co.

33

.02

up

Distillers Corpn. Seagrams

181

Standard Brands

9.69 N

9 9.71/71

9.72. N

.03

up

Douglas Aircraft .....

8:3:5

9.66 N

9.66 B

9.69 N

Stand Gas & Elec........

17

.03

up

Du Pont de Nemours

1861

11.08 N

11.03 N

.05 off

Standard Oll of California

234

Eagle Picher Lead

117

Standard Of of NJ

433

Eator Mfg. Co.

321

Stone & Webster

91

Hong Kong, 25th Feb., 1939.

Elec. Autolite

391

Studebaker Com.

113

Elec. Bond & Share...................

ű

Swift International

317

18.65/66

18:55/55

.11 oft

Elec. Bond & Share $5 pf.

571

Technicolor

151

18.45/45

18.49/52

18.45/47

unch.

Elec. Bond & Share $6 pf.

644

18.34/34

-1

18.35b/37a

18:32/32

.02 of

Texas Corpn.

443

Elec. Power & Light $7 pl.

284

Texes Gulf Sulphur

331

BANK OF EAST ASIA, *LIMITED

18.20b/23a 18.25/25 18.06b/07a

18.-8b/20a 18.06/06

.02 0

Fisk Rubber

151

unch,

Timken-Axie

-231

Flintkote

194

Trans-America Co.

53

Gén. American Trans.

52

20th Cent, Fox,

111

Gen. Electric

381

20th Cent, Fox, $1) pt.

23

די

Gen. Motors

534

Union Carbide & Carbon

841

1021/1031 . 100/1001 1001/1001

021/103 1004/1001

104/104) 102/102

11 up

Gen. Railway Signal

17*

Union Pacine

95

"Head Omcs:-HONG KONG

14 up

Gen. Tire & Rubber

201

United Aircraft

472

3014/1011

No. 10 Des Voeux Road, Central.

11

up

Glidden Co,

17

United Airlines Trans

161

Goodrich (B.F)

104

United Corpn.

24

Board of Directors:

568/562 561/563 571/571

Goodrich $5 pt.

69

United Corpn. 53 cum pf.

381

Sir Shonson Chow, Chairman

561/561

up

Goodyear Tire & Co.

234

United Gas Corpn.

11

Li Koon Chan, Esq.

571/571

+ up

Great Northern Iron Ore

134

United

Gas Improvement

129

57JA

58/577

"up

Great Northern Rly, pfd.

241

U.S., Industrual Alcohol

211

New York,

6-1/2

WINNIPEG WHEAT

Great Western Sugar

20

U.B. Rubber

351

Japan

27-1/2

May

891B

894/892

891/891

India

22-1/8

July

901B

302/901

up tup

Greyhound Corpn.

LBA

US, Rubber $8 ptd.

1134

Hercules Powder Co.

921

U.S.. Steel

581

Paris

Hongkong

2.94 26-3/4

October

911A

921/921

up

Homestake Mining

561

Vanadium

34)

NEW YORK HIDES

Sellers

June

14.23b/25a

14.20/19

14.20/20

.03" off

International Harvester

532

Walworth Co,

53*

Asoy

Opening

Closing

September

14.50/50

14.42b/43a

Spot

0/4-1/8

0/4-9/64

New York, Official

34-3/4

Mar.

0/4-7/64

0/4-1/8"

14.45b/47 .05 off 3.87 unquoted

Int Nickel

351

Warner Bros. Pict.

31

Int, Tel, &-Tel.

34*

Westinghouse Elec.

1121

Johns-Manville

TU.

J. & Laughlin Steel $7 pfd. · 5y*

Apr.

0/4-1/16

0/4-5/84

Kennecott Copper

'372

Woodward Iron Cor. Chase National Bank National City Bank

24

Melbourne

New York

Beattle

Belping

·US. Dollar

Spot

$6-11/16

$6-23/32

*---bid.

Mar."

6-21/32

6-11/16

Apr.

6-19/32

8-9/16

Market:--Quiet.

Merchant Rates

Sterling, 0/4-1/8,

US Dollars, $5-5/8.

Silver Duty Rate

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

The Equalisation rate was 12-174 per cent,

Calcutta Exchange

Calcutta, Mar. 9 (Reuter). T.T.. on Japan, 80-7/8

·New York Exchange

New York, Mar. 9 (Reuter). T.T. on London (Opening Rate).

3.80-1/8..

India Rupee Paper

Bombay, Mar 9. (Reuter), Govt, 31% Rupee, 94-04-0.

LONDON METALS

EXCHANGE London, Mar. 8 (Reuter). ouvers

sellers

-TIN

£ Standard, Cash 258-1/4 256-3/4 «Standard,“

3 Months 255-1/2 256-3/4 Standard,

Set'ment Price 256-1/2 Straits

281-3/4

NY-London Cross Rate 3.894/3,891

Anglo-French Industrial

Co-operation MONEY MARKET

མ་ཉིད་”་

ELIMINATION OF COMPETITION IN EXPORT MARKETS

LONDON, Mar. 10 (Reuter)---On the Money Market, Government payments for requisitioned Ameri- can stocks were mainly responsible for the recent great loanable LONDON, Mar, 10 (Reuter)-A funds seeking short-term employ- permanent Anglo-French Indus- | raent.

و

trial Council under the joint For the fourth time in succession chairmanship of Lord Budly Gor-Treasury Bills were under-allotted, don and M. Rene Dachemin has Only £50.000.000, of the £55,000,- been formed under an agreement | 000 offered were allotted at the reached as a result of the discus-overage rate of £1-5d, which was sion in London between the oralightly in the Market's favour

-1938/40 High

I-ex. dlv. DOW JONES AVERAGE"

Low Dow Jones Averages Mar. 8, "High Low Close 155.92 121.41 30 Industriela

35.90 24.14 20 Baile

27.70 20.700 Utilimes

22.23 84.51 40 Bonds

Mar, 10, 1940

Change

148,47

30.87

24.24

14.48 147.85 148.14 30.90 30.89 30.83 2432 24.19 24.24

,07 up .04 of .03 off

88 90

89.00 58.38

.12 off

Business Done -330,000 shares

65.67 45.89 11 Commodity Index 69,50

du.90′

LOCAL CURRENCY and Fizm DSITS on application.

The Bank's Head Office in London received for one year or shorter periods in Local and other Car- undertakes Executor and Trustee rancias on terms which will be business, and claims recovery of quoted on application.

Also ap to date SAFE DEPOSIT ROXES in various sizes To Lær ".. Eong Kong... 28th February, 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 HoNGTONG & SHANGHAI BAXEING CORPORATION.

V. M. GRAYBURN,

Chief Manager:

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

Profits

9,883,922.01

P. K. Kwok, Eng.

Li Lan Sung, E. Wong Chu Son, Esq. Wong Yan Tong, Esq. Kan Ying, fo, Rag. Chan Ching Shok, Esq. Fong Ping Wan.Bag Kan Tong Po, Esq, Chief Manager. Li Tae Fong, Esq., Hanager.

Batavia

Branches and Agencias :--

Howloom. Penang Bingapore Hangoma Bourabaya Saigon Bws.tow

Louden

Bombay Mandia

Caletta

Halphong

Hankow

Momalala Parli Kabe

a Vran- Bydmay

doo Tintin

Vancouver.

Bemarang Sanghaf

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

TER CHABE NATIONAL BANK NEW YOX, with Basource of ove 17.8.$2,900,000,000,

D. M. BIGGAR,

Second Flos Pric

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.DE (BRANCHES ALL OVER CHINA) 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:

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

Current Accounts opened in Local CANTON Currency and Fixed Deposits re SWATOW

ΟΙ

ceived for one year

shorter perioda in Local and Foreign Cur rencies on terms which will be quoted on application.

SAFE DEPOSIT BOTES To Las.

KAN TONG PO,

"Chief Manager.

INDO-CHINA

ganisation representing the French compared to last week. A STEAM NAVIGATION COMPANY LTD,

Industry and the Federation of A noticeable feature was the British Industries for the purpose smaller application. Indicating the of promoting the common inter-carmarking of funds for War ests of both countries in the `ex-{Loan subscription. port markets of the world,

Wall Street closed steady.

SILVER MARKET" BOMBAY SILVER Bombay, Mar. 9 (Reuter). Market-Quiet but steady. Off-

The agreement provides that the two organisations shall under- take to promote agreements be tween, individual Industries Jan their respective countries designed to encourage co-operation and eliminate uneconomic competition take 25 bars, and maintain such a price level

in the respectiva export markets. will ensure development of

consumption.

4

Indian Mint Silver

Ready Apr. 3 Settlement.

May 1 Bettlement

.....59-01

59-05

59-09.

Such agreements would be de- signed as a permanent feature of cases, the productive capacity at the Anglo-French economic re- present alloted to armaments in lations.

one country should be released

In order to develop expart trade for the export trade of that coun-

in wartime, the two organisations try by the Importation of arms- will recommend to their respective ments so displaced from the other Governments that in suitable country.

Operating Services for Cargo and Passengers

TO-

SWATOW, 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 landed.

For further particulars

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONEČKOSI & GENERAL MANAGERS.

KONGMOON TOISHAN KINGCHOW

SHIUCHOW

We also handle the issue of Bonda and other Publio Funds of the Chinese Government both st Home and Abroad.

BHOU J. CHEN,

Manager.

THE KWANGTUNG PROVINCIAL

BANK

(Incorporated in China)

| General Banking Panificios and Financial Agente to. The Prostadial Górarament of Kerangking Head Office-Ehlakwan, Kwangtung Province Hoogkong Branch-Queen's isldg., 5 Chater Bd,~ Cable Addrumca="PROVINCIAL" 2039, 9443, Telephones: 20112, 20111, 20143, 20181, 31881.

́ ́BRANCHES ·· THROUGHOUT

SOUTH CHINAM Cearwpondenta in New York and London Paid Up' Capital N$10,000,000.

****** Reserve Capital ...... N$10,500,000.

AUYANG MANLY

Hongkong Mansget.

A Job?

WANT ADS