1940-03-13 — Page 10

PAGE 10 HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MARCH 12, 1940

On London:-

Telegraphic Transfer. 19 15:39 Bank Billa, an demand 1/2 25:33 Credits 4, months' sight 1:3 3/32

On Shanghai:-

On demand'

On Singapore:--

On demand

350

69 3/8

PAYNE & CO.

12:

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

Allied Stores

QUOTATION

(REUTER'S SERVICE)

*$3

MARCH 12, 1940 STOCKS

Lakey Foundry & Mac.

"On Japan K-

On India:-

Telegraphic

On demand... 100 3/4-

Transfer. 18t

and demand..........

On New York:--

8 8 8 8 8 8 8

Bank Bills, on demand 1082 Credits months' sight 1137-

On Satgon:

On demand

APRIL-JUNE

SPOT

APRIL

MAY

108

JUNE

JULY-SEPT.

47

OCT.-DEC.

150 1/$

Bank Buying Rate

Bar Silver per 02

1331/32 21 116

On Manila:--

On demand

On Bangkok:-

On demand

On Sterling Notes:-

[J

shade

The

20***

Martin, Glen ......

WEDNESDAY, MARCH 13, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK of

BANKING CORPORATION

tl

Issued & Fully Paid-Up. 890,000,000 Incorporated by Royal Charter, 18′′a

Paid-Up Capital' £6,500,000 Reserve Fund

INDIA, AUSTRALIA

AND CHINA.

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

Last Sale

Mar. 11

Reserve Funds:

.£3,000,000

3;

Sterling

£3,000,000

Class

501

30+

Reserve Liability of

£3,000,00

351

Proprietors

.$20,000,000

29

Head Office-HONG KONG

251

437

McKesson & Robbins, pfd. 25)*

Monsanto Chemical

Montgomery Ward

National Aviation

Nak. Dairy Products Nat, Distillers

National Gypsum

National Lead

Nat, Power & Light National Steel Corp. National Supply Corp. New York Central

Niagara Hudson Power N. American Aviation North American Co.

Nothern Pacific

Owens-linipis. Glass Co.

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

prietors

HEAD OFFICE: LONDON:

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

Chairman Hon. Mr. J. J. Paterson,

Deputy Chairman. J. E. Bousfeld, Esq.,.

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

K. S. Morrison. Esq., T. E. Pearce, Eaq.. C. O. Roberta, Esq.,

Hon. Mr. A. L. Shields, Sir Vandeleur. M. Grayburn,

38, Bishopsgate E.0.2.

Sub-Agencies In London:

117/139, Leadenhall Street, ECLE. West End Branch:

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

52, Mosley Street, Manchester, 1. AGENCIES AND BEANCHES:

ALOR STAR AMRITSAR BANGKOK BATAVIA

BOMBAY

CALOUTTA

AGENCIES:

LENKER KAPO

STR

Chief Manager. FAIRIAS PLACK

Branches:

Απιστ Jobore Rangoon Bangkok Kabe

Saigon

Batavia Kowloon San

Calcutta Lumpur Shanghai HANKOW

Foochow

Pittsburg Coke & Iron

Dairen

512

ནཱཙྪཱགྷཨཱཀྐཧྨཀྐོབོངོ ཙཱ, སིཙྪཱཙཱ, རཱག་ྤུངྒaབྷཱཝཨྰཿཀྰཀྐརžཀྐaཨྰཿཀྰནི་ཨྰཿཌནྟུཨྰཿཤཿཌ་སྐཀྰཨྰཿཀྰཆཀྰiaབྷངྒཝཱ ཝོ7བྷིནྡྷནྡྷཨྰཿཨྰཿནྟུནྟུ#981

Haiphong (Johore) Tientsin Bankow Mukden Tokyo

New York Tsingtao Peiping Yokohama

Penang

ACCOUNTS

HARBIN

PENANG

HONG KONG RANGOON

ILOILO IPOR

BAIGON

BEBIMBAN

KARACHI

SHANGHAI

SINGAPORE

KLANG

KONK ΕΤΑΣΑ

NEW YORK PRIFING

(Peking)

SITIAWAN

TALPING

TIENTSIN TONGKAN

(Bhuket).

TEINOTAU

YOKOHAMA

FORBION EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOBits received for One Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened is Local Currency and Sterling with opened in interest allowed at rates obtainable

on application.

CURRENT LOCAL CURRENT and FIXED DEPT received for one year or shorter The Bank's Head Office in London periods in Local and other Car undertakes Executor and Trustee rencies on terms which will be business, and claims recovery quoted an application.

Also up to date SAT DEPOSIT Boxes in various sizes To Lar Hong Kong, 28th February, 1940,

HONGKONG SAVINGS

British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

Last Sale

Mar, 11

71

| Alleghany Steel Co.

321

Libbey-Owens-Ford

Б

| Lockheed Aircraft

Allis Chalmers

377

Loew's Inc.

"Aluminium Ltd.

1061

Loft Incorperated

Amer. Can

1154

Mack Truck Inc.

American Cyanamid B. ...

3811

SINGAPORE RUBBER

NEW YORK, MARCH 11, 1940. Previous March 11

Amer. & Foreign Power. Amer Foreign $7 pf.

14-

American Gas & Elec.

34

SPOT

Bank Bills, on demand 23 11/16- Credite, 60 days sight 24 5/18 On Batavia ¦---

JULY-SEPT.

.... 35-1/8 35.

Closing Opening Closing Change Buyers Buyers 38-5/8 38-1/2 38-7/8 38-7/8 .38-7/8" 36-3/4

35-1/4

Amer. Locomotive

Amer. Metals Co.........

24

up 1/4

Amer. Radiator

91

unch.

Amer. Rolling Mill

147

up 1/8

Amer. Sting and Ring Co.

493

Amer, Sugar Redning

་་་་ ་་

201

On demand .............. 44. 1/8 On Parts:

The market was steady but quiet,

LONDON RUBBER

Amer. Tel, & Tel.

1741

:

Previous close Today's close

Amer. Tobacco "B"

Buyers

Buyers

Change

Amer, Waterworks

91.

12-1/8

12-1/8

unch.

Anaconda Copper

291

BOU BABAYA

12-1/16

12-1/8

11-7/8

11-7/8

up 1/18 unch

Atchison, T. & §, Fe.

221

Antum Motors

11

11-5/8

11-11/16

up 1/16

Baltimore & Ohlo

51

CANTON CAWNPORN CIRC

LUKFUR

KUCHING MADRAS

11-1/2

11-1/2

Barber Asphalt Co.

151

COLOMBO

MANILA

11-1/4

11-1/4

Barnsdall Qu

111

Pacific Gas & Elec

DELHI

MEDAN

Bendix Aviation

332

Pacific Lighting

781

Bombay Kuala

HAIPHONG

Francisco KAMBURG

Packard Motors

151

Pan-American Airways

Canton

Londoo

Singapore

Boeing Airplane Co.

231

Paramount Pictures

Che foo

Borg-Warner

23

Pennsylvania RR.

Colombo

Malacca

Lyons Sourabaya

Sungei

Bridgeport Brass Corp. ... Briggs Mig.

11

Phelps-Dodge

Manila

Patani

22

Phillips Petroleum

Muar

Swatow

Brooklyn-M'hattan Trans.

211

Brooklyn-Manhattan $6....

931

Public Service of N.J.

Harbin

Canadian Pacific R'way

81

Pullman Inc. ...........

Case, JI

681*

Pure Oil

Iloilo Ipob

Celanese

317

Radio Corpn. of Am"

Chesapeake & Ohio

......391

Reading Company,

Com

Chrysler Corpn.

854

Reading Company, 1st pfd

Climax-Molybdenum Co.

391

Remington Arms Co., Inc.

Colts Patent Fire-Arms ...

783

Republic Aviation Corp.

Columbia, Gas & Elec...

51

Republic Steel

Columbia 0% "A" pf.

87*

Revere Cop.. & Brass Ine.

Commercial Credit Co. 152

481

Reynold Tabac." "B"

Com, & Southern (Ord.)

11

Richfield Q

Consolidated Edison

31

Safeway Stores "

Consolidated Oil

Schenley Distillera

Continental Can

46

Sears Roebuck

Continental Oil

221

Shell Union of

Copperweld Steel

17*

Socong-Vacunum Of

Corn Products

624

Southern Pacific

Cartins Wright (C)

114

Southern Rly $5 pfd.

Curtiss Wright "A"

201

Sperry

Deere & Co.

217

off

Distillers Corpn. Seagrams

181

Spicer Manufacturing Co. 34+* Standard Brands

14:30 14.20

14.20 14.23

.03

up

Douglas Aircraft

831

Stand Gas & Elec.

Close 10.98/98

Opening

Closing

Change

Du Pont de Nemours

1861*

Eagle Picher Load

11

Standard Ou of N.J.

10.93/93

10.92/93"

.06 off

Eaton "Mfg. Co.

33

10,77/77

10.71/71

10.71/72

06 off

Stone & Webster ...

Elec Autolite

38

Studebaker Com,

10.42/42

10.38/38

10.38/38

04 off

Mec, Bond & Share...

10.55 N

10.50/50

10.51 N

.04 off

Swift International

Elec. Bond & Share $5 pf.

·561*

Technicolor

9.85/85

9.84/84

9.89/89

.04 up

Exec. Bond & Share #6 pf.

65

9.72 N

9.72/72

9.75 N

Texas Corpn.

03. up

Elec. Power & Light $7 pt.

281

Texes Gulf Sulphur

{

)

9.69 N

9.69/89

9.72 N

•

.03 up

Flak Rubber

151

11.03 N

10.97 N

•

.06 off

|Timken-Axle

Flatkote

192

| Trans-America Co.

Gen. American Trans.

52%

20th Cent. Fax.

Gen, Fectric .....

39"

#20th Cent. Fox, $iž pí. .....

Gen. Motors .........

531

Gen. Railway Signal

17

"

18.55/55

13.45/47

18,32/32

18.18b/20 18.08/08

18.67b/70a 18.39/39 18.62/63 18,250/30a 18.44/44 18.14b/21a 18.37/37 18.12/19

12 up .17 up

Gen Tire & Rubber Glidden Co. .12 up Goodrich (BF)

201

172.

101

United "Corpa,

.19 up .06 up

Goodrich $5 pf.

69

Goodyear Tire & Co.

23

Inited Corpn. 33 cum pt. 381 United Gas Corpn.

Total sales:-1,490 tons. Last trading day:-27/3/40. CHICAGO WHEAT

Great Northern Iran "Ore

14

United Gas Improvement 13

Great Northern 'Rly, pfd.

244

US, Industrual Alcohol.

Great Western Sugar

28

US. Rubber

Greyhound Corpo, .................

161

US. Rubber $8 píd.

1137

May

July

September

104/1041 1044/1031 1041/1041 102/102 1021/101 1024/102) 1011/1011

1017/1011

+ up

Hercules Powder Co.

921

US..Steel

up

Homestake. Mining

584

Vanadium

up

International Harvester

521

Walworth Co.

Amay

Int Nickel

351

Warner Bros. Pict.

KALAVA

Int. Tel. & Tel

37

Westinghouse Elec.

CHICAGO CORN

Johns-Manville

724

Woodward Iron Cor.

Bombay Calgotia Haiphong Exstow

May

581/562

561/581

581/561

of

July

571/57)

57/571

of

3. & Laughlin Steel $7 pfd. Kennecott Copper

59*

37L

Chase National Bank National City Bank

depolala

Lobe

at 23.

September

58/571

577/573

unch

WINNIPEG. WHEAT

*-bid.

Iex div.

May July

89+/89+

891/89

8013.

October

904/801" 921/921

908./901 91JA

Change

NEW YORK HIDES

Jume September

148.14

149.85 147.57 148.15

14.20/20 14.10b/20 14.45b/47a 14.41/40 unquoted

14.23/23 14.45b/48& 34-3/4 3,86."

.03 up

35.90 24.14 30 Rails.

3083

30.40 80.71 30.80

♪

unch

27.70 20.70 20 Vibe

24.94

24:23 24/7 2412

.12 off

32.32 84.51

40 Bonda

88,80

65.67 45.69 11 Commodity Index 59.38

88,85

.05 off 69.65 * up

Business Done :-890,000 shares

Market Report

FROM KOZA BROS. Silver prices dropped 1/4 yes terday for both deliveries, the quotations bethg 21.1/18, för Ready and 21 for Forward, Suver advices reported a small business done. The market was steady but quiet. American Suver was quot- ed at 343/4 for Spot..

The London/New York cross- "rale was quoted at 402.1/2, New York/London was quoted at 386.

Market

#

Sterling rates were easter bus the US. Dollar..market was weak.

Sterling

On offer at the opening at 1/2. 27/32 March/May. No business was reported, The market closed at 1 p.m. with sellers at 1/2.27/32 March and 1/2.13/18 April/July. buyers at 1/2.7/6 Cash and 1/2. 21/32 June, probably earlier,

U.S. Dollars Opening rates were 23.7/8 sell- ers, 23.15/16 buyers. Business was done at 23.7/8 and 23.13/18 for March delivery. The market. closed at lunch time with a amali! seller at 23.3/4 March, buyers at 23.13/18 March and 23.3/4 April.

Shanghaj Dollars

35T.

Shanghal Market There was

very Httle men in Shanghai today and ap-

parently very little doing as well. Sterling remained unchanged at 4.9/84 sellers for Spot.

AFTERNOON MARKET

The market was easter again in the afternoon.

Sterling

Some business was reported at 1/2.27/32 for March and Cash The market closed with sellers at 1/2.13/16 March/July, buyers at 1/127/32 Cash.

11

UB. Dollars

The market closed with sellers at 23.3/4 Cash, probably March

13/16 Cash and £3.3/4 April.

Shanghai Dollars

Bellers at 358.1/2.

Shanghai Marpot

Slightly easier with sellers for Sterling at 4.1/8 for Spot and US Dollars at 6.5/8 sellers for Spot.

Shanghai Exchange

Shanghai, Mar, 12 (Reuter),

Oficial T.T. Rales"

Market dull and featureless.

unch. unch,

NEW YORK COTTON: News from textile mills continually tells of curtailment in spots and mill buying has "slowed down, but ac- ve Trade calling of cotton to fix prices was one of the construc- tive price-substaining influences. Lacking immediate incentive, the market likely moves with moderate limits for the time being but with upward tendency as May contracts approach maturity.

NEW YORK RUBBER: There is evidence at better dealer and limited and at Eastern offerings were manufacturers buying. higher prices.

CHICAGO WHEAT: Weather reports both from our South- West and Europe are. unfavourable. The domestic cash demand is caufions, Trade has improved but exports are still dull. awaiting clarification of the European situation.

NEW YORK STOCKS: Previous close, 148.14: Today's close. 148.15; Change, up 01

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

New York Cotton, May New York Rubber, May Chicago. Wheat, May" Chicago Carn, May New York, Hides. June NEW YORK COTTON

March May July July New contract) October December ( January Spot

Prev. Today's · High Low Close Close Change 10.74 10.67 10.77 10.71 .08 off 18.66 18.35 18.45 18.62 .17 up 105 1031 104 104) i up .57 .. 58 562 561

Total sales Baturday:-18,700 bales. Last notice day for March cotton:-15/3/40, NEW YORK RUBBER

March

July

September December

New York, Official NY-London Cross Rate 3.87

Bethlehem Steel Bliss & Co:

and 23.11/16 April, buyers

move-

London

0/4

New York

6-7/16

Japan

22-1/4

India

Paris

Hongkong

Sollars

14

Opening

22-1/8 3:04 26-3/4

Closing

Spöt 0/4-9/64 0/4-1/8.

Mar.

April

Spot

< Mar,

April

0/4-1/8 0/4-1/8 0/4-5/04 0/4-5/64"

US. Dollar

.

$6-19/32

6-19/32

$6-21/32

6-5/8 6-17/32 8-1/2

Market: Quiet.

J

Merchant Rates

Sterling, 0/4-1/8.

U.S. Dollars, $6-5/8

"

Calcutta Exchange

Calcutta, Mar. 11 (Reuter). TIT on Japan, 80-1/2-

New York Exchange

New York, Mar. 11 (Reuter).

TT on London (Opening Rate). '3.86-3/4,'

May

Saturday's sales:-19,893,000 bushels,

SILVER MARKET

London, Mar, 11 Reuter). Elver: Little general selling,

with small Indian suppórt at the

off

Standard Of of California

Union Carbide & Carbon

Union Pacific

United Aircraft .......

United Airlines Trans

Mar. 12, 1940.".

DOW JONES AVERAGE"

Low Dow Jones Averages Mar. 9, High Low Close 155.89 121.41 20 Industrials

ott

1038/40

High-

01 up .03 off

INDO-CHINA

fall, of prices. Business small. STEAM NAVIGATION COMPANY LTD.

Market quiet. In the afternoon,

the market was quietly. steady.

Spot, 21-1/16d.

Forward, 21d.

NEW YORK SILVER

New York, Mar. 11. (Reuter).

Bilver, Official, 34-3/4

BOMBAY SILVER

Bombay, Mar. 11 (Reuter).

Offtake 25 bars,

Markat-Qulet.

Indian Mint Silver

Ready Apr. 3 Settlement May 1 Settlement

58-10

"58-13

59-01

LONDON GOLD

London, Mar 11 (Reuter). Bar Gold, Fine per oz.. 188.

India Rupee Paper

Bombay, Mar. 11 (Reuter). Govt, 34% Rupee; 94-04-0.

Operating Services for Cargo and Passengers

·TO

ין

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and

OSAKA

SINGAPORE PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steninera borth alongside

the Roosevelt Terminal in

the French Concession at

'Shanghai, where passengers and cargo are landed.

For further partionlara

please apply to

I

JARDINE MATHESON& Co. L1 TELEPHONEDEONING KITT LLANAGERS

BANK

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

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1939.

BANK OF EAST ASIA, LIMITED

..$10,000,000,00 Authorised Capital.. Paid-Up Ospital ......................." 5,598,400,00 Reserve and Undivided

Profita

2,683,832.01

Head Omice:HONG KONG

No. 10 Des Voeux Road, Central,

Board of Directors: Bir Shouson Chow, Chairman

Li Lan Sang, ¡Eng

THE CHASE BANK

16, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINK STEKTI,

NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the

Interest Rates on Application,

world.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE" NATIONAL BANK, Now Toxx, with Resources of over U.6.$2,900,000,000.

D. M. BIGGAR,

Second Fios Pros.

BANK OF CHINA

Specially Chartered by

Wong Chu Son, Esq. | THE NATIONAL GOVERNMENT

Li Koon Chan, Esq. F. K. Kwok, aq, Wong Tun Tong, Esq. Kan Ying Po, Bag, Chan Ching Shot, Eng. Fang Ping Wah Eng Kan Tong Po, Raq., Chief Hansgar. Li Tss, Fong, Esq., Manager,

·Branches and Agencias:---

Singapore

Korribes - Penanz Laudeg Bangoon Bourabaya Machia

Balgon

Uwataw Melbourne #940 Fran- „Bydney

cisco antikn Bew York Beattie Tancover

Semaran

Park

Paling Shanghai

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

Cuzzent Accounts spened in Local Currency and Fixed Deposits re- ceived for one year or shorter periode in Local and Forsign Cu rencies on terms which will be quoted on application.

BAP DEPOSIT Boxza To LET.

KANTONG" PO,"

Chief Manager,

THE KWANGTUNG PROVINCIAL

BANK

(Incorporated in China?

destral Banking Facilities 'sad Pinandlal Agente te

The Provincial Government of Kwangtun Head,Dies--lukwen, kwanglong Prorlice Hongkong Bonal-Queen's Bldg., 5 Günter Ed. Cable Addresses-"PROVINCIAL," 2010, 9468. Telephones: 20112, 20113, 2013, 29181, SIGRI. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and Toade

Paid Up Capital. N$10,000,000. Reserve Capital ...... N$10,500,000.

-AUYANG MANLY,

Hongkong Manager.

A Job?

Consul

WANT ADS

OF CHINA AB AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL 840,000,000.00 (BRANCHES ALL Opma Umma) Duing to our Aumerous 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:

CANTON SWATOW |SHIUCHOW

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonde. and other Public Funds of the Chinese Government both st Hems and Abroad.

SHOU J. CEDEN.

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head 'Oficer-i5, Gracecimurch Street, London, EC. Authorised. Capital Suburribed. Capital Paid-up Cap) Reserva Fund and Rest,

BAKKERS: The Bank of England and Midland

Bank, Ltd. BRANCHES:

Bangkok jpoh

Bomber

Jaffon

Calcutta

Kuantan

Galenise

Tody'

Delhi Galle

Karackl

Kota Bharu

Hourloug

Kuala Lipis

Howra

Kials Trengganu

·Hadesa

New York

Priy BASFOOD

Shanghai

Jumla

Kuala Lumpur: Kingapors

HONG KONG BRANCH:

"Every description of Banking and Exchang

| bndness transscled.

Travallars Chequei : issued,,

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

147

UIFRILENT LOODUITE COgnad [2. Loenl Onr. TRBOY SAJ VIXED UKPGANT8 ruddivad. Su↑ Look! Durrancy, ASEKLING A U:5,· DOLLARS on to that may be sometal and on appliosalam,que se

D. BENSON, T

לים