1940-03-14 — Page 10

350

62 3/8

07 1/2

SINGAPORE RUBBER

Transfer.

-82

SPOT

APRIL-JUNE

Credits, 80 days' 'zight 34

JULY-SEPT.

NEW YORK, MARCH 12, 1940, Previous March 12 Closing Opening Closing Buyers Buyers 38-7/8 38-7/8 -38-7/8 30-7/8 38-7/8

-38-7/8 35-1/4 35-1/4 35-1/4

On Batavia:

The market was steady but a fet,

On demand "....... ..............49 3/4 On"Paris:

LONDON RUBBER

Previous close Today's close

Buyers

Buyers

PAGE

10-hongkong DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MARCH 13, 1940

On London:---

Telegraphic Transfer.1/2 95 39: Bank Billa, on demand 1/2 25/33 Credits 4 months' sight 1/3 3/32 On Shanghai:---

On demand

On Singapore-

On demand

On Japan:-

On demand

On India:

8 8 8 8 8 8 8

Telegraphic

and demand...

On New York:-

Bank Bills, on demand 23

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

11

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

Change Amer. Locomotive Amer. Metali Co.

QUOTATION

. (RKUTER'S SERVICR)

Last Sale

MARCH 13, 1940 STOCKS

Last Sale

Mar. 12

Mar. 12

71

Lakey Foundry & Mas....

4*

Sterling

Alleghany Steel Co......

221

Libbey-Owens-Ford Glass

501

Allied Stores

81

Lockheed Aircraft

297

Reserve Liability of

Allis Chalmers

371

Loew's Inc.

35+

Proprietors.in

$90,000,000

حلي

THURSDAY, MARCH 14, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION. * INDIA, AUSTRALIA

AND CHINA Authorised Capital....... $50,000,000

11

Issued & Fully Faid-Up $90,000,000 Incorporated by Royal Charter, 1885

Reserve Funda s

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

...£3,000,000.

...£3,000,000

.....£3,000,00

HEAD OFFICE: LONDON:

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

prietors.

Aluminium Ltd.

1051

Loft Incorperated

291

Head once. HONG KONG

Amer. Can ........

1154

Mack Truck Inc.

251

American Cyanamid B.

38

Martin, Glen L

42

Board of Directors?,

Amer, & Foreign Power Amer & Foreign $7 pt. American Gas & Elec.

11

McKesson & Robbins, prd.

25

H. V. Wilkinson, Esq.;

23

Monsanto Chemical

1102

34

Montgomery Ward

541

21

National Avia.ion

121

Hon, Mr. J. J. Paterson,

Deputy Chairman,

24

Nat, Dairy Products

17

J. K. Bousfeld, Esq.,

unch.

Amer. Radiator

9

Nat, Distillers

25

"A. H. Compton, Esq.,

Amen Rolling Mill

141

National Gypstim

114

Hon. Mr. 8. H. Dodwell,

Amer, S'ting and R’ing Cò., 491

National Lead

214

.G. Miskin, Esq.,

*

Amer, Sugar Redning

20

Nat, Power & Light

Ti

K. S. Morrison. Esq.,

Amer. Tel& Tel.

1741

National Steel Corp.

T. E. Fearce, Esq.,

Amer. Tobacco "B"

BOL

National Supply Corp.

81

C. O. Roberts, Esq.,

Change

Amer. Waterworks

9:

New York Central

161

Bank Bills, on demand 1082

SPOT

12-1/8

12 pence

off 1/8

Anaconda Copper

29

| Niagara Hudson Power

5

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

Credits 4 months' sight 1137

APRIL

12-1/8

12

口嘅1/8

'Atchison, “T, & B, Fe..

221

N. American Aviation......

23+

Chairman.

38, Bishopsgate E.0.2.

Sub-Agencies In London:

117, 12, Leadenhall Street, ROL West End Branch; 14/18, Cockapar Street, 8.W.1. Manchester Branch:

52, Mosley Street, Manchester, 1. "AGENCIES AND BRANCHES:

HARSIN HONG KONG ILOILO 1POR

ALOE STAR AMHITHAN BANGKOK

BATAVIA BOMBAY

BALOUTTA

KARACHI KLANG "AGE-FOIER: KOOB

Chief Manager. | FRELAX PLACT

RANGOON BAIGON

PENANG

BEREMBAN

SHANGHAI

BINGAPORE

BITIAWAN

On Saigon:-

MAY....

11-7/8

On demand

106

JUNE

11-11/16

11-13/16 11-9/15

off. 1/16 Auburn Motors

11

CLTH PET KUALA CANTON

KOUBANIYA

LUMPUR

TALPING

North American Co.

211

On Manila:-

On demand

On Bangkok:-

JULY-SEPT.

11-1/2

11.7/18

of 1/16 Baltimore Ohia off

Branches:

CAWNPORR

KUCHING

TIENTSIE

61

Northem Pacife

8

CKU

MADRAS

YONGXAH

46

OCT,-DEC.

11-1/4

11-3/16

On demand

150 1/2

Ou Sterling Notes:---

Bank Buying Rate

Bar Silver per of

1/3 31/32 20 13/16

ما

..... 10.71/72

10.38/38

10.51" N

}

......

9:89/89

}

9.75 N

ว

9.72 N

Spot

10.97 N

Shanghai Exchange

March

May

July

September

December

18.67b/70a

18.62/63

Market Report

FROM KOZA BROS.

Silver prices dropped yesterday the extent of 1/4 for Ready and 3/16 for Forward, the quota tions being 20.13/16 for both de- Hveries - Silver advices reported a little generai selling. A Small business was done. The market was quiet. -American Sver 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 337. 1/2

Qüiël.

Market

Sterling

Bome business was reported at 1/2.27/32 for Cash early in the morning. The market closed with sellers at 1/213/16 March-July and 1/225/32 August-November, buyers at 1/27/8' Cash, 1/2.21/32 June and 1/2,13/16 September.

U.S. Dollars Some büsiness was reported during the early part of the morn- ing at 23.6/16 for April. The market closed with sellers at 23. 5/16 March and 25.1/4 April, buy- ers at 23.3/8 March, possibly Cash! and 23.5/16 April

Shanghai Dollars

357.1/2, possibly 367.3/4.

Shanghai Market

Sterling 4.1/8 and US Dollars

4.1/2 both sellers for Spot.

The market was dull owing to the lack of interest. NEW YORK COTTON: There is fresh development in Bethlehem Steel

Bilas & Co. Washington. Bombay interests were sellers while Trade buying on the scale down furnished the effler support of the day and subse-Boeing Airplane Co. foreign

closed Borg-Warner markets quently "caused a fair sized rally after Opinions regarding the subsidy programme and possible higher Loan Bridgeport Brass Corp.

Briggs Mig. basis are generally favourable,

Brooklyn-M'hattan Trans. NEW YORK RUBBER: Some selling on the weakness of the Brooklyn-Manhattan $6..... Sterling exchange was in evidence.

Canadian Pacific R'way. Case, JI Celanese

CHICAGO WHEAT: There was no follow up after the early strength on unfavourable crop reports. The weakness in Sterling exchange and the latest news of the Finnish peace settlement were today's disturbing influences.

NEW YORK STOCKS: 148.37; Change, up 22.

NEW YORK

New York Cotton, May New York Rubber, May Chicago, Wheat, May chicago Corn. May New York Hides, June

NEW YORK COTTON March May July

July (New contract)

{ October, December ( January

Close

10.92/93

High Low Close Close Change

10.72 10.85 10.71 10.70 ..01 off 18.77 18.66. 18.62 18.65 .03 up Corn Products

Total sales Monday:-66,300 bales.

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

1/16 Barber Asphalt Co. D 1/18 Barnsdall Oil

Bendix Aviation

15

Owens-linols Glass Co.

61

Amoy

Johore Rangoon

11

Pacific Gas & Elec

334

Bangkok Kobe

331

Batavia

Kowloon San

Pacific Lighting

471

Bombay

Kuala

77

Packard Motors

37

Do

Calcutta

Lumpur Shanghai

151

Pan-American Airways

187

Canton

London

23

Paramount Pictures

Chefoo

Lyons

221

Pennsylvania RR.

121

Colombo

Malacca

Sungai

104

Phelps-Dodge

37

Dairen

Manila

221

Phillips Petroleum

391

Foochow

211

Pittsburg Coke & fron

Haiphoog

937*

Bankow

Public Service of NJ:

Harbin

6+

Pullman Inc.

681

Pure Oil

Iloilo Ipoh

31

Radio Corpn. of Am.

Chesapeake & Ohio Chrysler Corpn."

301

Reading Company,

Com

15*

861

Reading Company, ist pfd

24

Previous close. 148.15: Today's close. Climax-Molybdenum Co.

391

Remington Arms Co., Ine,

4*

Colts Patent Fire Arms

78-

|Republic' Aviation Corp.

51

Columbia Gas & Elec.

51

Republic Steel

201

Columbla 6% “A” pl

88*

Revere Cop. & Brass Inc.

123*

COMMODITY MARKET. (REUTER'S SERVICE)

Commercial Credit Co.

461

Reynold Tobac. "B"

417

Cam, & Southern (Ord.) ...

ik

Richfeld Ou

Consolidated Edison

31

Safeway Stores

511

Prev. Today's

Consolidated Oil Continental Can Continental of Copperweld Steel,

Muar

Saigon

HAIPHONG

Francisco HAMBURG

HANKOW

Singapore

Bourabays

Patani Swatow

(Johore) Tientsin Mukden Tokyo

New York Tsingtaq Peiping Yokohama Penang

NEW YORK PRIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transactai.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or aborter perioda 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 on application.

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPUam received for one year or shorter The Bank's Head Office in London periods in Local and other Cur- undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.

Atso up to date Bar DEPOSIT terms which may be ascertained at. Box in various sizes To Lat any of the Agencies and Branchen.

R. A. CAMIDGE,"

"Manager.

Hong Kong, 28th February, 1940,

COLOMBO DELUJ

MANILA

(Bbutes)

MIDAN

ΣΠΙΝΩΤΙΟ

YOKOHAMA

71

Schenley Distillers

13

461

Sears Roebuck

23

Shell Union Oll ....

101

HONGKONG SAVINGS

BANK

!!

THE CHASE BANK

16*

Socony-Vacunum" Oil

11t

1051

102) 1041 103+ 567 563 14.38 14.15

1

off Curtiss Wright (C)

561 561

+

Curtiss Wright “A”

14.23 14.15

.08 off Deere & Co.

Opening

10.87/87," 10.67/67

Closing

Change Distillers Corpn, Séagra75

10.82/82

10 off Douglas Aircraft

10.70/70

01 of Du Pont de Nemours

10.34/33

10.42/42

.04 up

Eagle Ficher Lead

10.466

10.55 N

.04 up

Eaton Mfg. 00, ..........

9.85/83

9.93/94

.04 up Elec, Autolite

9.70/89

9.79/79

04 up Elec. Bond & Share

9.65b

9.75 N

03 up Elec. Bond & Share $5 pf... 57*

10.96 N

.01

of Elec. Bond & Share $6 pf.

Elec. Power & Light T7 pf.

Fisk Rubber

anntkote

Gen. American Trans,

Gen. Electric

18.55b/63a

18.44/44 18:40/48

18.37/37

18.40/39

18.12/13

18.836/72 18.65/95 18.47 N 18.37b/40a 18.20/20

01 up

Gen. MotorS

.03 up

Gen. Railway Signal'...

.03 up

unch.

Gen. Tire & Rubber

Glidden Co.

08

קטן

Goodrich (B.F.) .................

Shanghai, Mar. 13 (Reuter).

official T.T. Rates:

London ......

0/4

New York.

Japan

India

Parts Hongkong

6-1/4

Total sales:-2,180 tons.

Last trading day:—27/3/40, CHICAGO WHEAT

Goodrich $5 pt.

Goodyear Tire & Co.

Great Northern Iron Ore ..

Great Northern Rly, pfd.

26-5/8

May

22-1/8

3.94 8-3/4

July

September

1041/1042 1037/1034 1024/1027 1023/102. 1012/101

-1034/1031 101/1011

1002/1003

1

off

Great Western Sugar

11 off

Greyhound Corpn.

1 off

Hercules Powder Co

Saliers

Monday's sales 29,279,000 bushels.

Homestake Mining

International Harvester

sput

Opening `0/4-1/8

Closing

CHICAGO CORN

Mar.

0/4-1/8

0/4-9/64 0/4-9/64

May

561/561

564/581

561/561

off Int Nickel"

July

573/571

563/587

Apr.

0/4-5/64

0/4-3/32

September

572/571

571/57)

i on Johns Manville

of Int, Tel. & Tel.

U.S. Dollars

Sput

$6-15/32

$6-1/2

WINNIPEG WHEAT

J. & Laughlin Steel ST pfd. Kennecott Copper

Mar.

6-7/16

6-1/2

May".

Apr.

6-11/32

6-13/32

July October

891B -903/907

911A

891/891

881B 894/891 91 B-

Z of off

#oft

NEW YORK HIDES

14.23/23

14.23b/27g 14.15/17 14.45b/48a, 14.49/49 14.45/46 34-3/4..

.08 of unch,

3.77-1/2

Market,-Quiet,

Merchant Rates

Sterling. 0/4-1/8.

US. Dollars, $6-1/2,

Today's Silver Duty Rate

Shanghai, March, 13. The Central Bank of China's rate on London at 10 am, today was 1/2-1/2d.

The Equalisation rate was 9-1/2 per 'cent

Calcutta Exchange

Calcutta, Mar. 12 (Reuter). T.T. on Japan, 81-3/4.

New York Exchange

New York, Mar. 12 (Reuter). TT, on London (Opening Rate). 7.84-1/2.

India Rupee Paper

Bombay, Mar. 12 (Reuter). Government 31 % Rupee, 94-08-0 nominal..

LONDON METALS

EXCHANGE

London, Mar, 12 (Reuter), Onvers sellers TIN

£

Standard, Cash 256-3/4 257 Standard.....

3 months 255-3/4 256 Standard,

Bet'ment Price 257

Straits ...

June September New York, Official :...... 34-3/4 NY-London Cross Rate 3.86

SILVER MARKET

London, Mar, 12 (Reuter). Silver-Little General selling. Very poor support. Business 'small, Market quiet. In the afternoon. the market was dull, with no business transacted,

Spot, 20-13/160.. Forward, 20-13/16d.

NEW YORK SILVER New York Mar. 12 (Reuter). Silver, Öméial, 34-3/4.

BOMBAY SILVER Bombay, Mar. 12 (Reuter).

Offtake 50 bars.} Market-Quiet.

Indian Mint Süver

Ready Apr. 3 Settlement May 1 Settlement

57-05 57-08 57-12

ANGLO - DANISH TRADE AGREEMENT

LONDON, Mar. 13 (Reuter)-A wartime Trade Agreement was Initialed yesterday on behalf of the British and Danish Govern- ments to facilitate he normal

TRADE ISSUES IN ITALY'S NOTE OF PROTEST

LONDON, Mar. 18 (Reuter;- Commenting on Anglo-Italian

Hizb

1939/40

DOW JONES. AVERAGE

Low Dow Jones Aviragon'

· 166.98 131.41 30 Industrials

35.90 24.14 20 Ralla

37.70 $0.70 10 Ubiliones

Mar. 11, High Low Close 148.15 149:45 14293 148.57

Changa. 22 up .06 ott 023 oh 88,98 11 p

* 59,52;*.13 of Business Done-880,400 shares

The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL is conducted by the HONGKONG

& SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SHANGHAI

HEAD OFFICE:

18, PINE ETEENT,

NEW YORK. Aa American Bank offering cum

plete Foreign Banking Service BANKING CORPORATION.

· in the principal Markets of the V. M. GRAYBURN,

world. Chief ManagerInterest Bates on Application.

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

Board of Directors:

Bir Bhouson Chow, Chairmaą -

Li Koon Chan, Eag

Li Lep Sang, Esq. Wong Chu Son

P. K. Kwok, Esq. Wong Kun Tong, Esq. Kan Ying Po, Bag, Chan Ching Shon, Roq. Fang Hing Was Beg Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Mansgir,

HateTa

Branches and Agencies :-'

Kowloos

Singapora Ladon Baroon Bourabaya

Belgien SWALOW, Malbooras "ézá Frans Bydigy Nagasaks New York Beattis Vancouvar

Bentarang Shanghal

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHANE NATIONAL BANK, NEW YORK, with Besources of cost- „U.S.$2,900,000,000,"

D. M. BIGGAR,

Second Vice Prsa.

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER (HINA) 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....

4

Read 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 Currency and Fixed Deposits re- CANTON ceived for one year or shorter SWATOW periods in Local and Foreign Car- SHIUCHOW fencies on terms which will be quoted on application.

SATE: DEPOSIT Bozza To Las..

KAN TONG PO,

Chief Manager.

INDO-CHINA

trade negotiations, the Manchester STEAM

Guardian points out that, while

the awkward coal dispute has

NAVIGATION COMPANY LTD.

been settled, Italy's note of Operating Services for Cargo and Passengers

protest, which raised

SWATOW, SHANGHAI, TSINGTAU, CHEFOO.

greater TO- "“isques` than ・ the stoppage of German coal, remains to be answered; 7

The paper points out that the stoppage of German exports was forced on the Allies by Germany's illegal methods of sea warfare.

In a trade agreement, Italy may now find compensation for the inases which German legality forced on.

LONDON GOLD

London, Mar, 12 (Reuter).. Bar Gold, Fine per oz., '168.

The Committet already in ex

and TIENTSIN:

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN A

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where passengers sad cargo are landed.

For further particulars

please apply to

JARDINE MATHESON& Co.LTD.

flow of trade as far as possible istence will deal with questionsLEPHONEJŠOJII-GENERAL MANAGERS

under the present conditions." arising under the new agreement,

KONGMOON TOISHAN

KINGCHOW

We also handle, the insus of Bonds and other Publio. Funds of the Chinese Government both at Home and Abroad.

BHOU J. CHEN,

Manager.

THE KWANGTUNG PROVINCIAL

BANK

(luetipoented (ni Oblaj)

| Ganova) Barking Facilities and Financial'âgeats to The Provincial Government of Kwangtang Bead Once-Shiukwan, Kwangtang Province, Hoogkong Branch --Queen's Bldg., 5 Chater Ed.

· Cable Adilemana="PROVINCIAL” 2009, 9643.

Telephones: M 20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA' Correspondente in New York, and London: Paid Up Capital N$10,000,000. Beserve Capital ~................ N$10,500,000.

AUYANG M.NLY,

[Krogkɛmg'Maangor.

A Job?

Consule WANT ADS

52+

Southern Pacific

123

10$

Southern Rly $5 pfd.

281

291

Sperry

22

Spicer Manufacturing Co. 33

191

Standard Brends

811

Stand Gas & Elec.

14

186

11

Standard Oil of California

234

114

Standard 01 of NJ......

437

.33

Stone & Webster

91

39,

Studebaker Com

112

Hong Kong, 25th Feb., 1939,

57

Swift International

32

Technicolor

154

65+

Texas Corpn.

451

231

Texes Gulf Sulphur

33!

BANK OF EAST ASIA, LIMITED

15

Timken-Axle

23j

191

Trans-America Co.

61

511*

20th Cent, Tor.

118

Authorised Capital......$10,000,000,00 Paid Up Capital .................... 5,598,800.00, Reserve and Undivided

!!

381

20th Cent. Fox. $it pt. ...mo

Profits

2,883,933:01

541

Union Carbide & Carbon

167

Union Pacific

» 95

201

United Aircraft

471

18

United Airlines Trans

171

10+

United Corpn.

21

69

United Corpn. $3 cum pí.

381

234

United Gas Corpn.

11

14

United Gas Improvement

131

237

U.S., Industrual Alcohol.

213

251

U.S. Rubber ....

361

16)

US. Rubber$8 pfd.

115

941

US. Steel.

571

\

58

Vanadium

35

521

Walworth Co.

53

Amoy

357

Warner Bros. Pict.

33

441

Westinghouse Elec..

113

Bombay Calentia

Balphong

721

Woodward Iron Cor.

241

58

Chase National Bank

343

Backey

cache. Lobe

Potplek

.362

National City Bank

281

*~-bid.

1-, div.

Mar. 13, 1940.

30.80

24.12

31.01 30.73 30.75 24 20 24.05 24.09

29.99 84,51 40 Bonds

88,85

*# 85.67 45.59 11 Commodity Index 49.65