On" demand
On India:
NEW YORK MARCH 16, 1940. Previous March 18
APRIL
MAY
108
JUNE
JULY-SEPT.
45 1/2
OCT.-DEC.
*180 1/2
The market was firm.
On Sterling Notes:-
Bank Buying Rate
Bar Sliver per oz.
1/3 31/32 30 10/16
Telegraphie Transfer. Lug
and demand)}
On New York:-
Bank Bills, on demand 9 3/4 Credits, 60 days'-sight 23 5/8
On Batavia:
On demand....
On Paris:-
42-1/4
Bank Bills, on demand 1082 Credits 4 months' sight 1137
On Saigon:-
Un demand
On.Manila:-
On.. demand
On Bangkok:-
On demand,
SPOT APRIL-JUNE
JULY-SEPT.
The market was steady but quiet. LONDON RUBBER -
SPOT
Buyers
Closing Opening Closing Change
Buyers
PAGE 10-HONGKONG DAILY PRESS
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 18.1940
On London:-
Telegraphic Transfer. 1/90 25:32 Bank Bills, on demand 1/2 25/33 Credits months' sight 1 3 3/32
On Shanghaf;-
On demand
On Singapore:-
On demand
On Japan:-:
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING "HONGKONG
COMMODITY MARKET REVIEW
な
(FROM PAYNE & CO.)
350
62 3/8
06 1/2
SINGAPORE RUBBER
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICE)
TUESDAY, MARCH 19, 1940.
BANKS
·HỌNGKONG & SHANGHAI THE CHARTERED BÁNK OF
BANKING CORPORATION
'INDIA. AUSTRALIA
AND CHINA
Last Sale
Mar. 16
MARCH 17, 1940, STOCKS
Last Sale Mar, 16
Authorised Capital...... 850,000,000
7
Laxey Foundry & Mac.
4"
Sterling
Alleghany Steel Co.
31
Libbey-Owens-Ford
Glass
49
Reserve Liability of
Allied Stores
..73
Lockheed Aircraft
281
Proprietor.
..::$20,000,000
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro
prietors
Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 189
Reserve Funds:
Paid-Up Capital £8,500,000 Reserve Fund
.£3,000,000
£3,000,000
....£3,000,00%
Allis Chalmers
36
Loew's Inc.
36
HEAD OFFICE; LONDON:
Aluminium Ltd;
991
Lott Incorperated
271
Head Office:--HONG KONG
Amer. Can...
114
Mack Truck Inc.
24
American Cyanamid B.
371
Martin, Glen L.
*391
Amer. & Foreign Power
18
McKesson & Robbins, p14.' 243*
"Board of Directors: H. V. Wilkinson, Esq.,
Amer & Foreign $7 pt.
22
Monsanto Chemical
110)
American Gas & Elec.
34
Montgomery Ward
521
Amer. Locomotive Amier, Metals Co.
19.
National Aviation
..111
23}
Nat, Dairy Products
161
Amer. Radiator
37-1/4
37 cts.
36-1/8
35-3/4
37-1/4 38-1/4
unch.
a:
Nat. Distillers
241
up 1/8
Amer. Rolling Mill
14.
National Gypsum
10%
Hon. Mr. S. E. Dodwell,
Amer. 'ting and R'ing Co.
34-1/2 34-1/4 35
up 1/2
477
|National Lead
201
G. Miskin, Esq.,
Amer. Sugar Refining ...
19*
Nat, Power & Light
72
K. 8. Morrison, Esq.,
T. E. Pearce, Esq.,
Amer. Tel, & Tel.
172
National Steel Corp.
65+
O. C. Roberts, Esq.,
'Previous close Today's close
Amer. Tobacco "B"
874
National Supply Corp.
81
Hon. Mr. "A, L. Shielda,
Buyers
Buyers
Change
Amer, Waterworks
87
New York Central
15
#11-1/8
Anaconda Copper
271
| Niagara Hudson Power
5
11-1/8
Atchison, T. & S. Fe.
213
N. American Avlation
211
11-1/8
Market closed
Auburn Motora
14
North American Co.
201
Branches:
11-1/16
Baltimore & Ohio,
43
Northern Pacific
74
Chairman.
Hon. Mr. J. J, Paterson,
Deputy Chairman, J. K. Bousfield, Esq., A. H. Compton, Esq.,
Sir Vandeleur M. Grayburn,
Chief Manager.
38, Bishopsgate E.0.2.
Sub-Agencies In London: 117/122, Leadenhall Street, E.C.1. West End Branch: 14/18, Cookspur Street, S.W.1. Manchester Branch:
59, Mosley Street, Manchester, 1. AGENCIES AND "BRANCHES:
ALOR STAR AMEITBAR BANGIOX MATAVIA BOMBAY
CALCUTTA
OLIVE BYEENT
HARBIN RONG KONG BANGOON ILOILO IPOH
VAIRLIN PLACE KUALA
CANTON
СЕВО
LUMPUR
KUCHING.
MADRAS
PENANG
11
KLANG
SAIGON
BEREMBAN
KARACHI
SHANGHAI
SINGAPORE
AGENCIES! TOBE
BITIAWAN
CAWNPORE
BOURAMAYA
TALFING
TIENTSIN TONGEAH
11
Barber Asphalt Co.
14
Owens-Illinois Glass Co.
607
Amoy
Johore...
10-15/16
Barnsdall Ou
11
Pacific Gas & Elec
331*
Bangkok Kobe
Rangoon Saigon.
COLOMBO DELHI
MANILA
MEDAN
Batavia Kowloon
San
Bendix Aviation
31
Pacific Lighting
47
HAIPHONG
NEW YORK
(Bhuket) TSINGTAO
YOKOHAMA
Bombay Kusla
"
May
July ...
July (New contract)... Oc.ober December ( January ( Spot
{
'*
}
T
}
10.90 N
March
May
July
1.7.90/90
December
17.74/74
May
July
Friday's sales:-22,770,000 bushels.
CHICAGO CORN
50/50
September
561/561 571/671
WINNIPEG WHEAT
88 b 894b
904/901
NEW YORK HIDES
June
September
"Silver prices were
NEW YORK COTTON: The market is without trend and is fluctuating in sympathy with news of varying import. NEW YORK RUBBER; The downturn was accelerated by stop- Commission loss orders dealers continued selling together with House Liquidation. The irregularity of stocks, failure on the part of tanners to show more interest in actuals and fear that packers will lower their selling prices were the main influences. Market appears oversold.
unchanged CHICAGO WHEAT, The market was firm and fairly active after over the week-end, the quotations being easier on early local selling. The Trade was alded by the remaining at 20.15/18 for both firmness of the mill markets and buying by large Eastern interests. "Ready and Forwa d, Silver advices The official weather forecast over this week-end shows no. Indica- were not received. American tiens of moisture in the South-West, Silver 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 373.- 1/2.
Market Steady. D 8. Dollars armer.
NEW YORK
New York Cotton, May New York Rubber, May The market opened with sellers Chicago Wheat, May. at 1/2.72/32 March/June, buyers Chicago Corn. May
at 1/2.29/32 Cash. Läter business New York Hides, June
was arranged at 1/27/8 March. NEW YORK COTTON The market closed at lunch time
with sellers at 1/2.27/32 Maren/ June, buyers at 1/2.7/8 Cash.
U. S. Dollars
Open with sellers a; 23.1/8 and buyers at 23.3/16 for Cash. Later The 23.3/18 was done for "Cash. market closed at 1 pm, with sellers a: 23.3/18 Cash and 23.1/8 March, buyers at 23.1/4 Cash and 23.3/16 Arst half April.
358.1/2.
Shanghai Dollars
Shanghai Market
Sterling 41/8 sellers for Spot D. S. Dollars, early advices in-
dicated sellera at 6.13/32. Later
the market appeared 3 shade
Close"
Total sales Friday: 49,800 bales.
Last notice day for March cotton:-15/3/40. NEW YORK RUBBER
September
Total sales:-820 tons.
Last trading day:-27/3/40..
steadier with sellers offering 6.7/16 CHICAGO WHEAT for Spot
AFTERNOON MARKET
The market was featureless in September the afternoon
There were sellers at 1/2.27/37 May March/June, bayers at 1/2.7/8) July Cash.
U. S. Dollary
There were sellers at 23.1/8 May March and 23.1/16 April, buyers July at 23.1/4 Cash and 23.3/16 March, October
Shanghai Dellary
Seliers at 357.1/2.
Shanghal Market
Bliss & Co.
Boeing Airplane Co.
Case, J.I
Celanese T
Chesapeake & Ohlo
Bethlehem Steel
Francisco BAMBURG
PRIPING
any
definite
Borg-Warner
Bridgeport Brass Corp: Briggs Mig.
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $6....
Canadian Pacifc R'way
Chrysler Corpn.
Climax-Molybdenum Co.
STOCKS: Previous close, 146.53; Today's close. 145.76; Change, off :77.
Colts Patent Fire Arms a
Columbia Gas & Elec.......
Columbia 8% "A" på.
Commercial Credit Co.
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
Com. & Southern (Ord.)
Consolidated Edison....
Consolidated, Ol
10.58
18.11.
102
56 13.75 13.51 13.83
100 1011 554 56
Prev. Today's
Change High Low Close Close
10.51 10.84 10.52 12 off 18.00 18.11b £8.08b C3 off
107*
Continental Can
Continental Oll
Copperweld Steel
Corn Products
Curtiss Wright (C)
up
554
+off
Curtiss Wright "A"
13.60
.23 off
Deere & Co.
Distillers Corpn. Seagrams
Opening
Closing
Change
Douglas Aircraft
10.64/64
10.56/56
10.52/52
.12 oft
Du Pont de Nemours
10.39/39
10.33/34
-10.29/29
10 off
Eagle Picher Lead...
10.53 N"
10.44b/46a 10.43 N
.10 of
Eaton Mfg. Co.
9.83/83
9.70/74
9.68/68
9.58/59
.9.70/70 9.56/56
.13 off
Elec. Autolite
.12 of
Elec. Bond & Share.......
9.63 N
9.54/54
0.51 N 10.77 N
.12 off
Elec. Bond & Share $5 pf.
.13 off
Elec. Bond, & Share $8 pl.
Elec, Power & Light $7 pf.
Fisk Rubber
Flintkote
Gen. American Trans.
18.20b/26a
18.11b/7a
18.15b/203
18,00/00 18.02/02
18.20b/258
unch. 18.08b/10a .03 off 17.98/98 17.92b/99a 17.90/90 17.75/75
Gen. Electric
Gen. Motors
:02 off unch.
Gen: Railway Signal
Gen. Tire & Rubber
.01 up
Glidden Co.
Goodrich (B.F.)
Goodrich $5 pf.
Goodyear Tire & Co
Great Northern Iron Ore ..
Great Northern Rly, pfd.
1011/1011 991/99 981/98)
101/2003 981/981
1011/102, 997/997 $9/991
4. up
Great Western Sugar ...........
up
Greyhound Corpn.
קנון
Hercules Powder Co,
Homestake Mining
International Harvester ...
557/551
-653/557
1 off
Int Nickel
564/56% 57/57
up
Int. Tel. & Tel
off
Johns-Manville
J. & Laughlin Steel $7 pid.. 56° -- Kennecott Copper
.88/88
£813 891/891 9015
tup.
up # up
13.83/84
13.75/71
14.06/06 24-3/4
13.60/01 13.99/95 13.85/87
.23. off 21 off
1930/40
anquoted. 3.73-1/2
Low Dow Jones Averages High 155.9% 12141 30 Industrials
25.90 24.14 30 Rails
27.70 20:70 0 Tili
22.39 84.51 40 Bonds 65.67
Market Report
FROM ROZA BROS.
Sterling
Sterling
41/8 sellera for Spot.
U.
Dollars 6.15/32 sellers for Spot.
Shanghai Exchange
were
Shanghai, Mar. 18 (Reuter)...
Omolai TT. Rates
London:
New York
Japan
India
Parts
Hongkong
Spot
Mar.
Apr.
Spot
Mar.
Apr.
New York, Official
S. NY-London Cross Rate 3.71-1/8
MEXICAN PETROL
JAPANESE PLANS
IN EXCHANGE FOR TO PRODUCE COTTONİ
ter)-An omcial delegation
IN CHINA
SHANGHAI, Mar. 17 Intl)- com-Japanese plans to produce cotton
JAPANESE SILK
0/4
MEXICO CITY, Mar. 18'
(Reu-
6-3/16
26-1/4
prising ten leading bankers
22-1/8
2.84 26-3/4
where they will seek to
Mexico-Japanese trade.
Bollers
Opening Closing 0/4-1/R 0/4-1/8 0/4-3/32 0/4-1/B 0/4-3/64 0/4-1/16
US. Dollars
86-13/328-15/32
6-3/8..
6-1/4
Market-Quiet...
.. 6-7/16
6-11/32
Merchant Bates
'Sterling, 0/4-1/8.
08 Dollars, $6-3/8
81lyer Duty Rate
The Central Bank of China's rate on London at 10 a.m. today was 1/2-1/20
The Equalisation rate was 101
ber
DOW JONES AVERAGE
Mar. 17, 1940,
Change Mar. 18, High Low Close
146,53 146.43 145 38 145.76 77 of 30 01 29 HA 29:68 29.78 .23 of 24.10 24,07 24.00 24.02 .08 OF 88.10.14 off 58,45
.16 of Business Done :-480,000 shares
Haiphong (Johore) Tientsin
Tokyo New York Tsingtao Peiping Yokobams
ACCOUNTE
opened in
HANKOW
(Peking)
FOR ION EXCHANGE and General Banking Business transacted.
CURRANT ACCOUNTS opened and FIXED DEPOSITs received for One Year or shorter periods in Local ör 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.
LOCAL CURBENCY and FIXED DEPOSITS on application." received for one year or shorter
The Bank's Head Office in London
periods in Locnt and other Cur- undertakes Executor and Trustee terma which will be business, and claims recovery of rencies on
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches,
R. A. CAMIDGE,
Manager'
HONGKONG SAYINGS
BANK
The Business of the above Bank ia conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. · Rules may be obtain, ed on application.
For the HONGKONG & SHANGHAI BANTING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 5th Feb., 1839.
Bir Bhouson Chów, Chairman
Li Koon Chan, Esq. Li Lan Sang. Eat... P. K. Kwok. Zag. Wong Chu Son, Esq; Wong Tan Tong, Esq. Kan ting l'o, Bag, Chan Ching Shuk, Esq. Fang Ping Wah Sưg Kan Tong Po, Esq., Chief Manager.
The Fong, Esq., Manager.
Branches and Agencies 1000
Korrison Panac
Bingapore" London
Hangoon
Balgon
Malbourne San Fran
Bourabaya
Bydney sisoo Fontain
Battle Yazoouver
Shanghai
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
An American Bank offering com plets Foreign Banking Servios in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
TEL
CHABE NATIONAL BANK, NEW YORK, with Besources of oran U.S.$2,900,000,000.
D. M. BIGGAR,
Second Vice Pri
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. 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 Bad Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Locai
CANTON Currency and Fixed Deposits re- SWATOW ceived for one year or shorter BH1UCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SATE DEPOSIT BOXES TO LET.
"KAN TONG PO,
Chief Manager.
INDO-CHINA
and in Hopel, Shantung and Shana STEAM NAVIGATION "COMPANY LTD
industrialists have left for Japan, fall far short of expectation, as
increase last year only 1,300,000 picuis were
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
avaliable as against an expecta- Operating Services for Cargo and Passengers Following a luncheon at the tion of 4,600,000 pícuis, Japanese "Legation, It WES an- Activities of the guerillus are nounced that the main purpose responsible for the poor crop. of the journey was to sell petro- while the people are secretly leum for cash or to barter it for sending away the cotton from silk and artificial silk,
The greatest importance is at- tached to this "Mission" here.
CIVIL ESTIMATES FOR 1940
LONDON, Mar. 18 (BWB-The
occupied area to free China.
Japan plans to raise cotton in North China in order not to de- pend on imports from the United States, India. and Egypt.
supplementary estimates the total to £18,128,213.
Principal decreases are of £3,- Civil Estimates for foreign and 749,239 for India and Burma Ber- imperial service issued on Batur- vices and £385,242 for the Diplo- day show the net total at £14-matic and Consular Services 185,469 for 1940, compared
£18:128,273 in 1939.
with
Principal increases are £295,- 452 for Colonial and Middle East-
and TIENTSIN
KOBE and OSAKA ·
SINGAPORE, PENANG and CALCUTTA BANDAKAN ..
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For farther particulars
please apply to:
JARDINE MATHESON&Co.,LTD
The original net estimates for ern Bervices and £185,311 for L'EPHONE SOJII – GENERAL MANAGERS
1939, was £15,387,203, bu; three he Foreign Office.
KONGMOON. TOISHAN
KINGCHOW
We also handia the issue of Bonds and other Public Funds of "the Chinese Government both at Home lund Abroad.
SHOU J. CHEN,
Manager.
THE KWANGTỪNG PROVINCIAL
BANK
(Enerponit din Chian)
Cuneral Banking Pasallika and Viennoial agents ta The Provincial Government of Kwangtang
Head Office-Bhlakwao, wangtang Province" Hongkong Branch –Qnem's Dida,, & Chater Ed.. Cable Addres-"PROVINCIAL" 2829, 9443, Telephodes:
20112, 20113. 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London
Paid Up Capital ...... N$10,000,000, N$10,500,000.
Reserve Capital" .......
AUYANG M NLY,
Hongkong Honiger,
A job?
Consult
WANT ADS
723
Packard Motors
32
Calcutta Lumpur Shanghai
12
Pan-American Airways
172
Canton
London
Singapore
201
Paramount Pictures
71.
Chefoo
Lyons
Sourabaya
22
Pennsylvania RR.
212
Colombo
Malacca
Sungei
Dairen
Manila
Patani.
10-
Phelps-Dodge
211
Phillips Petroleum
384
Foochow
Muar
Swatow
134
223
Pittsburg Coke & Iron
7
Bankow
Mukden
851.
|Pubile Service of NJ,
411*
Harbin
51
Pullman Inc.
26
Iloilo
61
Pure Oll
9
Ipoh
Penang
+
29
Radio Corpn. of Am.
6"
39
Reading Company,
Com
15*
CURRENT
841
Reading Company, 1st pfd
25*
.381
Remington Arms Co., Inc.
37°
724
Republic Aviation Corp. n
5#
5+
Republic Steel
19
quoted on application.
877*
Revere Cop, & Brass Inc...
12
454
Reynold Tobac. "B"
413
11
Richfeld Ou
61
ALéo up to date SAMR DEPOSIT Boxes in various sizes To L Hong Kong, 28th February. 1940.
304
Safeway Stores
50
7+
Schenley Distillers
121
453
Sears Roebuck
833
221
Shell Union Of
104
151
Socony-Vacumum Of
111
064
Southern Pacific
12
R
Southern Rly $5 pfd.
261
30年
Sperry
41
21
Spicer Manufacturing Co.
33
181.
Standard Brands
67
771
Stand Gas & Mec.
11
185
Standard Oll of California. 221
102
Standard Oil of N.J.
434
32
Stone & Webster
+6
El
371
Studebaker Com, ....
101
5+
Swift International
281
574
Technicolor
147
874*
Texas Corpn..
447
BANK OF EAST ASIA,
27"
Tètes Gulf Sülphur“
334
LIMITED
154
Timken-Axle
211
19%
Trans-America Co.
67
Authorised Capital..............$10,000,000.00
50*
20th Cent. Fox.
11
Paid-Up Capital
5,588,800.00
371
| 20th Cent. Fox, $i} pf.
221
Reserve and Undivided
Profits
2,883,032,01
* 523
Union Carbide & Carbon
844
151
Union Pacific
932*
19
United Aircraft
441
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
17
United Airlines Trans
174
181
United Corpn.
2
Board of Directora:
86"
United Corpn. $3 cum pí. 38
221
United Gas Corpn.
11
13
United Gas Improvement
13
221
U.S., Industrual Alcohol.
211
271
U.S. Rubber
34+
181
U.S. Rubber $8 pfd.
112)
941
0.8. Steel
541
551
Vanadium
313
631
Walworth Co.
5+
Amoy
351
Warner Bros. Pict.
34
41"
Westinghouse Elec,
111
Bocabay
Media
Calestia
70+
Woodward Iron Cor.
241*
Kaiphong
Bankow
New York
Chase National Bank
334*
Paria opotniu Kobe
Demarang
341
National City Bank
231.
Potpiox
1er div.
83.74
45.59 11 Commodity Inder 58.50
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