1940-03-12 — Page 10

Bank Blis, on demand 1081 Credits 4 months' sight 1137

On Batavia!-

On-demand

44 1/4

On Paris:-

SPOT

APRIL

MAY...

On Saigon:-

JUNE

On demand

108

JULY-SEPT.

Ota Manila

OCT.-DEC.

On demand

47 19

On Bangkok:---

On demand

180 1/2

On Sterling Notes:-

Bank Buying Rate

Bar Silver per ox

1/3 31/32 31 5/18

Bank Bills, on demand 23 3/4 Credits, 60 days sight 4 3/8

JULY-SEPT.

35-1/8 35 cts. 35-1/8

The market was quiet but steady.. LONDON RUBBER

38-7/8 36-3/4

PAGE TO-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

'MARCH 11, 1940

On London:----

Telegraphic Transfer. 1/1 25/33 Bank Bills, en demand 1/1 25/33 Credits 4 months aight 1,3 3/32

On Shanghai:-...

On demand

On Singapore:-

On demand

PAYNE &

CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

......350

59 3/8

On Japan:-

SINGAPORE RUBBER

On demand

101.

On India:-

Telegraphic Transfer.

and demand ..............................)

81

SPOT APRIL-JUNE

On New York:-

NEW YORK, MARCH 9 1940. Previous March 9

NEW YORK STOCK EXCHANGE

Closing Opening Closing Change Amer. Locomotive Buyers Buyers

QUOTATION

#

(REUTER'S SERVICE)

STOCKS

Last Sale

Mar. 9

MARCH 10, 1940 * STOCKS

Last Bale Mar. 9

Adams Express

73

Lakey Foundry & Mac. .....

Starling

Alleghany Steel" Co.

221

| Libbey-Owens-Ford

Glass

50

Allied Stores

81

Lockheed Aircraft

304

Reserve Liability of

Allis Chalmers

37

Proprietors .............

.$90,000,000

Ir Loew's Inc.

354

Aluminium Ltd. ...........

106

Loft Incorperated

294

Head Office:HONG KONG

Amer. Can

1151

| Mack Truck Inc.

25*

་་

American Cyanamid B

383

Martin. Gen L

434

Amer. & Foreign Power ...

13

McKesson & Robbins, pid. 241*

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

Amer & Foreign ? pl. ... American Gas & Elec.

nga

·

Monsanto Chemical

108

34

Montgomery Ward

541

21

National Aviation

13

Chairman. Hon. Mr. J. J. Paterson,.

Deputy Chairman,

| Amer, Metals Co. ......

24

Nat, Dairy Products

184

38-7/8 38-3/4 38-5/8 of 1/4 Amer: Radiator

36-7/8

9f

Nat Distillera

25

J. K. Bousfeld, Esq, A. H. Compton, Esq.,

unch

Amer. Rolling Mill

15

National Gypsum

Hon. Mr. B. H. Dodwell,

Amer. Sting and Ring Co.

497

National Lead

G. Miskin, Esq.,

Amer. Sugar Refining

201*

K. 8. Morrison, Esq.,

Nat, Power & Light

Previous close Today's close

Amer. Tel, & Tel

T. E. Pearce, Esq.,

1742

National Steel Corp.

871*

Buyers

Buyers

Change Ainer. Tobacco "B"

0. C. Roberta, Esq.,

90

National Supply Corp.

ax

Hon. Mr. A. L. Shields,

12-1/8

Amer. Waterworks Anaconda-Copper

#1

New York Central

101

294

Niagara Budson Power

51

12-1/18

11-7/8

MARKET

Atchison, T. & 6. Fe.

N. American Aviation

25+

11-5/8

CLOSED

Auburn Motors

14

[North American Co.

211

Baltimore & Ohio

B+

Northern Pacific

A

11-1/2

over the week-end,

Ready and 21.1/4 for

the qouta. 21.5/16 icr Forward.

Market

Somewhat

opening

but..

uncertain at

subsequently

the

re-

34

May

July

де 24:

March

May

July

September

357.1/4

December

May

indicated

July

May

July

September

May

probably July

"

October

mained steady all day.

Sterling

New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn. May New York Eldes, June NEW YORK COTTON at March

Business was reported during the course of the morning at 1/2. The market June. 27/32 for closed at 1 pm with sellers 1/2.27/32 March/April, buyers at 1/27/8 Cash and 1/227/32 June. U.S. Dollars

Business was arranged 3/4 for June followed by a small transaction at 24.13/18 1st half at " 1 June. The market closed pm with sellers at 3.15/16 pos- sibly for Cash, 23.7/8 Märch and 23.13/16 April, buyers at 24 Cash/ March, 23.15/16 April and 23.7/8 .May.

Shanghai Dollars Business was done a

The market closed at 1 p.m. with sellers at 357.1/4, bayera bidding

327.1/2.

Shanghal Market

Steady. Sellers were

at 4.9/64 and 6.1/16 for near.

AFTERNOON MARKET

The market was quiet in the afternoon.

Sterling

The market closed with sellers

at 1/2.27/32 March/May, buyers at 1/27/6 Cash and

1/2.27/32 July,

U.S. Dollars

Sellers at 23.15/16 Cash, pro- and bably March, 23.13/16 April 23.3/4 May, buyers a: 24 for Cash, 23.15/16 April and 23.13/16 first half June.

Shanghai Dollars 357.1/4 sellers for Spok

Shanghai MarDOL

4.9/64" sellers for spot.

Shanghai Exchange

Official T.T. Rates

Shanghai, Mar, 11 (Reuter).

London

Total sales Friday:-51.600 bales. Last notice day for March cotton:-15/3/40. NEW YORK RUBBER

FOR

Market Report

"FROM ROZA BROS:

Silver prices were unchanged

tlong remaining a

American Silver was quoted "at 34.3/4 for Spot.

cross- The London/New York

New rate was quoted at 402.1/2. York/London was quoted at 387.

NEW YORK COTTON: Southern selling and scattered laulda-Bendix Aviation

Japanese demand. tion was absorbed by broad Trade and hinted that higher Loan basis for next season's crop ranging from Buss & Co. 60 to 70 per cent of "parity" might be able to secure sufficient ad-Boeing Airplane Co.

Borg-Warner herent for passage in both Houses of Congress.

NEW YORK COPPER: Producers have raised the price of re- Bridgeport Brass Corp. Aned copper 1/4 of a cent a pound to the 11-1/2 cent level. Good Briggs Mfg. foreign demand was noted.

CHICAGO" WHEAT: The market showed easiness in the early sesalon despite continuation of cold weather throughout the belt. There 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 148.14: Change, up 07.

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

Prev. Today's.

Brooklyn-M'hattan Brooklyn-Manhattan $6. Canadian Pacific R'way: Case, JL Celanese

Chesapeake & Ohto Chrysler Corpn.

High Low Close Close Change Consolidated Ou

11-1/4

Barber Asphalt Co.. Barnsdall Of

15/*

Owens-Hiinois Glass Co.

81

Amoy

Branches: Johore

11

Pacifc Gas & Elec

337

Bangkok

Kobe

:

Rangoon Saigon

TUESDAY, MARCH 12, 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, 1883

Reserve Funds:

Paid-Up Capital .......................... £3,000,000 £8,500,000 Reserve Fund

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

prietors

Sir Vandeleur M. Grayburn,

Chief, Manager.

It

£3,000,000

£3,000,000

HEAD OFFICE:"LONDON:

38, Bishopsgate E.C.2.

- Sub-Agencies In London: 117/129, Lexdanball Street, E.C.). West End Branch: 14/16, Cockapar Street," 8.W.1. Manchester Branch: 52, Moaley Street, Manchester, 1.

PENANG RANGOON

AGENCIES AND BRANCHES:

ALOR STAK HARBIN AMRITSAR BONG KONG

ILOILO IPOK KARACHY KLING

MEGEOX BATAVIA BOMBAY

CALCUTIA

AGENCIES: CLYN STREET FAKKEN PLACE

CANTOR CAWNPORN

COLOMBO

KUALA

LUETUR KUCHING MADRAS

MANILA

BAIGON

SEREMBAN

SHANGHAI

BINGAPORE

BITIAWAN

BOURARITA

TAIPING.

TINTAIN

TONGKAN

TSINGTAO

(Bhuket)

CEBU..

DALHI

❤MIDAN

Batavia"

Kowloon

San

311

Pacific Lighting

471

It is

Bombay

Kuala

Bethlehem Steel

761

Packard Motors

31

Calcutta Lumpur

Francisco Shanghai

157

Pan-American Airways

181

Canton

London

Singapore

231

Paramount Pictures

7

Chefoo

Lyons

2X

Pennsylvania RR.

221

Colombo

Malacos

Sourabaya Sungel

104

Phelps-Dodge.

38

Dairen

Manila

221

Phillips Petroleum

381

Foochow

Muar

4

Patani Swatow

Trans,

‘214.

Pittsburg Coke & Iron

***

Rankow

01

Public Service of N.J.

411

Harbin

8#

Pullman Inc,

261

Hoila

691*

Pure Oll

91

Ipob

301

Radio Corpn. of Am.

52

39%

Reading Company,

Com

151*

851

Reading Company, 1st pfd

29

Climax-Molybdenum Co... Colts Patent Fire-Arms Columbia Gas & Elec....... Columbla 8% "A" pf.

387

[Remington Arms Co., Inc..

41*

794-

Republic Aviation Corp.

51

Republic Steel

201

47*

Revere Cop. & Brass Inc. ..

121"

Commercial Credit Co.

463

Reynold" Tobac. "B"

414

Com, & Southern (Ord.)

12

Richfield OU

7

Consolidated Edison

102

Bateway StorES

511

71

Schenley Distillers

112

Continental Can

46

Sears Roebuck

841

37

10.77 10.73

10.75 -18.55 18.45 18.45 1048 -1021 1027

561 568 561

10.77- 18.45 104

.02 up unch... 11

Continental Oll

Shell Union of

10%

Copperweld steel

17

Socony-Vacunum Oll

111

up Com Eroducts

63+

Southern Pacific

127

קט !

14.20 14.19

14.236 14.20.03 of

Curtiss Wright (C)

11

Southern Rly $5 pfd.

Curtiss Wright "A"

29

Sperry

·447

Close

Opening

Closing

Change Deere & Co.

714

Spicer Manufacturing Co.

33

10.97/98

10.97/98

10.98/98

.10 UP Distillers Corpn. Seagrams 187

Standard Brands

7

The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.

10.75/75

10.78/75

10.77/77

1.02 up Douglas. Aircraft

834

Stand Gas & Elec.

11

10.40/40

10.41/41

10.42/42

02 UP Di Pont de Nemours..............”. 1862

Standard Oll of California

231

BANKING. CORPORATION.

July New contract) October

10.53 N

10.54/54

10.55 N

.02 UP Eagle Picher Lead ....

117

Standard O of N.J.

433

( )

9.83/83

9.88/86

9.85/86

02 up Baton Mig. Co.

321

Stone & Webster

$1

December ( January Spot

,,9.69 N

9.71/71

9.72 N

.03 up Elec. Autolite

391

Studebaker Com,

113

Hong Kong, 25th Feb, 1939.

(

"}

9.60 N

9.80 B

9.69 N

03 up Mec. Bond & Share

8.

Swift International

311

11.03 N

11.03 N

05 oft mec. Bond & Share $5 p.

571

Technicolor

151

Elec. Band & Share $8 pt.

644

Texas Corpn.

441

Elec. Power & Light $1 p.

281*

Texes Gulf Sulphur

331

BANK OF EAST ASIA, LIMITED

Fisk Rubber .....

161

Timken-Azle ........

23

18.00/66

18.55/55

al of Fintrate

191

Trans-America Co.

52.

Authorised Capital.....$10,000,000,00

18.45/45

18.49/53

•18.45/47

unch.

Gen. American Trana.

52

20th Cent. Fox.

114

Paid-Up Capital

5,598,600.00

18.34/34

18.35b/37a

18,32/32

02 off Gen.. Electric

38

20th Cent. Fox, $13 pf

23 *

Reserve and Undivided

Haiphong (Johore) Tientsin

Mukden Tokyo

New York Tsingtao Peiping Yokohama

Penang.

NEW YORK PIPING

(Peking)"

YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT Accounts opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUrrs also opened in Loczi Currency and Sterling with interest allowed at rates obtainable

application.

CURRENT ACCOUNT opened in LOCAL CURRENCY and FIXED DEPOSITS

The Bank's Head Office in London received for one year or shorter perioda 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

J

ALSO up to date SAFE DEPOSIT Boxes in various sizes To LaT Hong Kong, 28th February, 1940.

HONGKONG SAVINGS

BANK

For the HONGKONG & SHANGHAI

V. M. GRAYBURN,

Chief Manager.

terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Kanagar.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

• HEAD OFFICE:

18, PINK STREET,

NEW YORK. American Bank offering com- plate Foreign Banking Servios in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned" by

THE CHASE NATIONAL BANK New York, with Basouros of over 1.8.$2,900,000,000.

·D. M. BIGGAR,

Second Vice Pres

KAIPHONG

HAMBURG HANTOW

An

Profita

2,883,082 01

18,20b/23a 18.25/25 18.06b/07e

18.-8b/201

18.06/08

.02 of Gen. Motors

urch.

531

Union Carbide & Carbon

944

Gen. Railway Signal

Total sales:-540, tons.

Last trading day-27/3/40. CHICAGO, WHEAT

Gen. Tire & Rubber

Glidden Co.

Goodrich (B.F)

๒๒

1021/1031

1021/103

104/104)

1 up

Goodrich $5 pl.

Goodyear Tire & Co.

1002/1007

3004/1001

September...

100/1001

102/1021 1014/101

11- up

1 up Great Northern Iron Ore

Friday's sales 29,211,000 bushels CHICAGO CORN

Great Northern Rly, pfd- Great Western Bugar

Greyhoud Corpa, ........

561/561

561/561

581/561

up Hercules Powder Co

571/57)

577/571

up Homestake Mining

57 A

58/577

International Harvester

WINNIPEG WHEAT

"Int Nickel

891B

804/201

891/89)

IpInt. Tel. & Tel

GOIB

302/90j

up Jonna-Manville

9114

921/92}

NEW YORK HIDES June

up J. & Laughlin Steel 37 pfd.

Kennecott Copper

September New York, Official

14.23b/258 14.20/19 14.20/20 14:50/50 14.42b/43a 14.450/47a 34-3/4

3.87

09 off 05 off

per cent.

finish."—(Daily Telegraph).

throughout the province.

NAZI FEARS CHINESE ECONOMIC

IRON ORE.

BLOCKADE IN WEST CHEKIANG

KINHWA, March 11 (Central)~~ The Cheklang authorities are saging an economic blockade COPENHAGEN, Feb. 22. Naz against the Japanese in occupa- spokesmen In Berlin

gave tion of areas in west Cheklang

their 'views yesterday and to-day Two offices for the enforcement on a possible interference with or the blockade have been estab- Germany's supplies of Swedish shed in the Arst and second fron ore via the Norwegian vort administrative districts with the of Narvik.

inspecting commissioners as. German "reaction to intervention directors and regulation, govern- by British warships would be, they ing the blockade have bees stated, of "a military nature. No promulgated. detalls could be given they. ad-

0/4

New York

Japan

India

6-7/18 22-1/4 22-1/8

Paris

Hongkonk

1.96 26-3/4

Sellers

Opening

Spot

0/4-9/64

Mar.

0/4-1/8

Closing 0/4-9/64 0/4-1/8

| ded...

Apr.

0/4-5/64 0/4-5/84

*U:8. Dollars

Spot

58-11/16

Mar

Apr.

6-21/32 6-9/16

56-21/32

6-5/8 6-17/32

Market:--Quiet.

Merchant Rates

Sterling, 0/4-1/8,

US Dollars, $8-5/8.

Biver Duty Rata

The Central Bank of China's

It might be regarded as certain, HUNAN BANK'S NEW

however, that Germany would re-

double her watch on the northern

States which were clearly threa-

POLICY LEIYANG, HUNAN

Mar.

11

tened by B British attempt to (Central)--At a recent meeting of urce then to help in the blockade the executives of the Human Pro- against Germany,

vincial Bank, it was decided that Doubts are now being expressed interest rates will be raised in or- In Berlin as to whether der to absorb the large amounts of the expected "great spring offen-idie capital in the province. Rural sive" will actually materialise. credits will be extended and com

In military circles it is pointed merce and trade assisted, out that Germany may commit a The Government economy may-

rate on London at 10 am today tatal mistake if she rushes into tngs campaign will be pushed by Was 1/2-1/24.

#

áu early offensive in the hope of the Bank, which will also establish The Equalisation rate was 12-1/4 bringing about an illusory "quick a number of new branches

1939/40

DOW JONES AVERAGE

High Low Dow Jones Avarıgım 156.99 121.41 30 Industria)«'

35.90° 94.14 20 Rails

$7.70 20.700 lites 32.22 84,51 10 Bonds

Mar. 10, 1940.

Mar. 8, High Low Close Change

148,07 1448-147.85 148,24 .07

30.87 30.90 30.82 30,83 .04 of 24.54 24.32 21.19 24.24 .03 of 88 50

88.80 .00 ap 59.38 .12 off Business Dons-330,000 shares

85.67 45.59 12Commodity Loder 59,50

"Bir Bhouson Chow, Chairman Li Koon Chan, Esq. Li Lan Sang, ¡Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Po, Bag. Chan Ching Sho, B64. Fang Ping Wah Enq

Kan Tong Po, Esq., Chief Manager. Li The Fong, Esq., Manager.

·Branches and Agencies :---

Haiphong Hankow Lanalnin Robe

Kevinon Fenariz

Maniks

Malbourne

Blagapero Barigodn Bouralnya. Beizam Bwtow

"Prens Bydney

Seattle. Vancouver Bemarang

Shanghai

BANK OF CHINA

"

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL 840,000,000,00 (BRANCHES ALL OVER ČHINA) Owing to our numerous Branches 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:

4, QUEEN'S Road, 0.

South China Offices:...

CANTON

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

Current Accounts opened in Lock Currency and Fixed Deposita re- SWATOW ceived for one year or shorter SHLUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.

SAT DEPOSIT BOXES TO LET.

KAN TONG PO,"

Chief Manager.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

TO-

· SWATOW, SHANGHAL, TSINGTAU, CHEFO0.

and TIENTSIN KOBE and OSAKA

SINGAPORE, PENANG and CAL

- SANDAKAN. HAIPHONG

All steamers berth alongside

the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed."

"

KONGMOON *TOISHAN

KINGCHOW

We also handle the issue of Bonda and other Public Funds of the Chines Government both at Hams aud Abroad,

'„BHOU ́ J. CHEN, ..

Manager.

THE KWANGTUNG PROVINCIAL

*BANK

· Cladorpsested in China)

| Ganarsi Banking Facilities and Financial Agents te

· The Frosinaígi Gerernment of Kwangtung Head Offen-Shinkwan, Kwangtang Province Hongkong Branch--Queen'e sldg., 3 Caster BA. Cable Addresses “PROVINCIAĽ“: 2839, 9645. Telephones:

20112, 20113, 20143, 20181, 31881. BRANCHES THROUGHOUT. SOUTH CHINA

··· Charaspondents in New York and London Paid Up Capital .......... N$10,000,000. | N$10,500,000. Reserve Capital

AUYANG MANLY,

Hongkong nager.

WANT ADS

17-

Union Pacific

95

201

United Aircraft

"471

Head Office:-HONG KONG No. 10 Des Voeux Road, Central.

171

United Airlines Trans

161

194

United Corpn. --

21

Board of Directora:

.69

United Corpn. #3 cum pí.

387

234

United Gas Corpn.**

1

134

United Gas Improvement

12#

241

U.S.. Industrual Alcohol-

214

22

U.8. Rubber

351

18

U.S. Rubber $8 pid.

113+

924

US. Steel.....

581

561

Vanadium

343

531

Walworth Co.

5**

Amoy

351

Wamer Bros, Plet.

3+

Batavia Bombay

Loudon

34*

Westinghouse Elec...... 112)

45

721

Woodward Iron Cor......... 241

50*

37

Chase National Bank

National City Bank

New York Pariz

Paling

w

1-mez div.