1940-03-21 — Page 10

NEW YORK, MARCH 19, 1940. Previous March 19

Buyers

Buyers

37-1/4

37-1/4 37-1/8

36-1/4

36-1/4

35 cts.

35 cts.

Previous close Today's close

On demand

On Bangkok:--

42 3/4

On Paris:-

SPOT

Bank. Blils, on demand inss Credits 4 months' sight (137

APRIL

MAY

Cin Salgon:-

JUNE

On demand

108

On. Manila:--

JULY-SEPT. soñar OCT.-DEC.

46

On 'demand

150 1/9

On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

1/3 31/38 90 13/16

Buyers. Buyers

PAGE 10-HONGKONG BAILÝ PRESS

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MARCH 20, 1940

On London-

Telegraphic Transfer. 1/8 98/32 Bank Bills, on demanć 1/2 25/33 Credits 4 months' sight 1/3 3/32

On Shanghal:-

On demand

On Singapore:-

On demand

On Japan

„On demand

On India:-

મા

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

350

49 3/9

SINGAPORE RUBBER

97 1/2

SPOT APRIL-JUNE

JULY-SEPT.

Telegraphic Transfer. 188

and demand

On New York:--

Bank Bills, on demand 23

Credits, 60 days' sight 23 7,8

On Batavia:—‹ ̈

On demand

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

Aluminium Ltd,

Closing Opening Closing Change Amer, Locomotive

The market was steady but qulet. LONDON RUBBER

QUOTATION

(REUTER'S SERVICE)

點

224

MARCH 20, 1940. STOCKS

Last Sale

Last Sale

. Mar. 19'

Mar. 19

Lakey Foundry & Mac.

4+

Alleghany Steel Co.....

311

Libbey-Owens-Ford Glass

491

Allled Stores

R

Lockheed Aircraft

281

Proprietors

$20,000,000

Allis Chalmers. ......

351

Loew's Inc.

364

99*

Laft Incorperited

30

Head Office:-HONG KONG

Amer. Can.......

1134

Mack Truck Inc.

241

American Cyanamid B.

373

Martin, Glen L

411

Amer. & Foretrm Power ...

11

McKesson & Robbins, pfq. 241*

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

Amer & Foreign $7. pf.

Monsanto Chemical

1099

American Gas & Elec.

31

Montgomery Ward

53:

101

| National "Aviation

12

Amer. Metals Co.

244

Nat. Dairy Products

181

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

Deputy Chairman. J. K. Bousfield, Esq.,

off 1/8

Amer. Radiator

BJ

Nat. Distillers

244

A. H. Compton, Esq.,

Hon. Mr. 8. H. Dodwell,

36-1/4

unch

Amer. Rolling Mill..

141

National Gypsum

104

G. Miskin, Esq.,

35 cts.

umich.

Amer. B'ting and Ring Co.

45+

National Lead

201

K. S. Morrison, Esq.,

Amer, Sugar Refining

19

Nat. Power & Light

73

T. E. Pearce, Esq.,

Amer. Tel, & Tel

1717

National Steel Corp.

857

C. C. Roberts, Esq.,

Amer. Tobacco' "B"

National Supply Corp.

81

Hon. Mr. A. L. Shields,

Change

Amer. Waterworks

81

New York Central .....

151

11-1/16

11-3/15

11-1/16

∙11-3/15-

up 1/8 up 1/8

Anaconda Copper

28

Niagara Hudson Power....

51

11

11

11-3/16-- up 3/18 11-1/8

up 1/8

Atchison, T. & S. Fe.

211

N. American Aviation

Auburn Motors

North American Co.

201

Branches:

Baltimore & Ohio

5

Northern Pacific

71

10-15/16

10-7/8

11-1/16 11

up 1/8

Amoy

Barber Asphalt Co.

141*

Owens-Dots Glass Co. ...

Bi

up 1/8

Bangkot

Barnsdal O

11

Pacific Gas & Mec

Batavia

Johore Rangoon Kobe Kowloon

Saigon San

1.

a

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

May

10.27/27

July (New contract) October

... 10.41 N

14

}

9.65/85

'December (

}

9.51/51

January

}

9.46 N

Spot

10.72 N

at

March

17.95/95

17.81/81

Shanghai Exchange

Shanghai, Mar. 20 (Reuter),

omcial T.T. Rates

Market Report

After ruling steady, the market improved on small orders meet- ing with scarcity of sellers..

NEW YORK COTTON: Liverpool and Bombay sold, after which the progress of the Farm legislation caused a substantial recovery, Recent selling on recurring peace rumours has apparently strength- ened

the market technically. We continue to expect May' con- tracts above 11 cents by middle of April.

41

1

NEW YORK RUBBER: The strength of the market is attribut- ed to reports of heavy covering by large importers.

FROM ROZA BROS.

CHICAGO WHEAT: The market strengthened under the in- Silver prices were unchanged fuence of higher, foreign cables, the strength of the cash markets," yesterday, the quotations remain- ing at 20.13/16 for both Ready and dry weather in the South-West and less apprehension of

rumours, reported Forward. Silver advices the market as being steady, India) bought.

business A small done. American Silver was quoted at 34.3/4 for Spot.

NEW YORK STOCKS: Previous close, 145.59; Today close. was 146.43: Change, up 84.

The London/New York cross- rate was quoted at 402.1/2. Neg York/London was quoted at 375. 3/B.

Market Extremely dull, No business was reported:

Sterling There were sellers at 1/2.27/32 March/June. buyers

1/2.7/8 Cash,

US. Dollars

There

sellers at 23./8 July were

April Cash/March and 23.1/16 buyers at 23.3 16 Cash and 23.1/8 April.

Shanghai Dollars

358./2 sellers for Spot

Shanghai Market

Sterling opened with sellers 4.18. Subsequently the market rose to 4.9/34 and the last rate indicar- ed sellers for Spot at 4.1/8. US. Lollars opened with sellers for Spot a, 6.7/15 and later the rate rose to 6.15/32. Towards the close sellers were again quoted at 6.7/18 for Sput..

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)"

Total sales Monday:-70,40 bales.

First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER

May July September ..... December

Total sales:-1,100 tons.

Last trading day:-27/3/40.

CHICAGO WHEAT

Bendix Aviation

Bliss & Co.

Boeing Airplane Co. Borg-Warner

Celanese

Colts Patent Fire-Arms Columbla Gay & Mec Columbla 6% "A" D1. Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison Consolidated O

311

Pacific Lighting

4**

Bombay Kuals

Bethlehem Steel

731

Packard Motors

31

Calcutta Lumpur Shanghai"

141

Pan-American. Airways

19

Canton

London

Singapore

20

Paramount Pictures

Cbefoo

Lyons

Sourabaya

7}

23

Pennsylvania R.R.

Colombo

Malacca

Sungei

214

Dairen

Manila.

Bridgeport Brass Corp. Briggs Mfg.

101

Phelps-Dodge

351

Focahow

Maar

Swatow

201

Phillips Petroleum

381

Brooklyn-M'hattan Trans.

221

Pittsburg Coke & Iron

7}

Bankow

Brooklyn-Manhattan $5....

87

Public Service of N.J.

411

Barbia

Canadian Pacific, R'way' Case, JI

57

Pullman Inc.

261

Iloilo

Ipoh

67

Pure., Of

201

Radio Corpn. of Am.

peace

Chesapeake & Ohio Chrysler Corpn." Climax-Molybdenum Co.

394

Reading Company,

Com

15.

857

Reading Company, ist pid

25"

383

Remington Arms Co., Inc..

34*

741

Republic Aviation Corp.

5t

54

Republic Steel

10+

36**

Revere Cop. & Brass Inc.

114

45+

в

Reynold Tobac. "B"

411

1

Richfeld "Ou

61

31

Safeway Stores

50g

71

Schenley Distillers

124

Prev. Today's High

Change Low Close Close 10.52 10.41 10.47 10.48 01 up

18.20 18.33

18.14 18.33 19 up 1037 1014 1011 1021 14 up 561 557 552 56 + up 13.78 13.57 13.59 13.81 .02 up

Continental Can

454

Sears Roebuck

841

· HONGKONG SAVINGS

Continental Ol

227

Shell Union Oil

102

BANK

Copperweld 'Steel Corn Products

16

Socony-Vacunum ́Oll

114

691

Southern Pacific

∙121

Curtiss Wright (C)

91.

Southern Rly $5 pfd.

262

Curtiss Wright "A"

291

Sperry

411

Deere & Co.

211

Spicer Manufacturing Co.

34

Distillers Corpn. Seagrams

187

Standard "Branda

7

Close

10.47/48

Opening

Closing

Change Douglas Aircraft

801

Stand Gas & Elec,

13

10.41/41

10.48/48

10.21/21

10.27/27

.01 up unch.

Du Pont de Nemours Eagle Picher Lead

1859

Standard Oll of California

227

11

Standard Oil of NJ.

441

10.33/34

10.39 N

02 off Eaton Mfg. Co.

32

Stone & Webster

93

1,60/59

9.89/69

.04 " p

Elec, Autolite

371

Studebaker Com

111

9.45/45

9.53/53

.02 up

Elec. Bond & Share

52

Swift International

30

9.42/42

9.43 N

.02 up

Elec., Bond & Share $5 p.

572

Technicolor

15

10.73 N

01 ap

Elec, Bond & Share $6 pí.

673

Texas Corpn.

441

Elec. Power & Light $7 pf.

24

Texes Gulf Sulphur

337

Fisk Rubber

154

Timken-Axle

22}

Fintkote

191

Trans-America Co.

Gen. American Trans.

52

20th Cent. Fox.

121

ت

THURSDAY," MARCH

BANKS

21, 1940. +

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

."

Authorised Capital....... 850,000,000

INDIA, AUSTRALIA AND CHINA

www.

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 188€

Reserve Fund":

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

£3,000,000 .23,000,000

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

prietors

$3,000,008 HEAD OFFICE: LONDON:

Sir Vandeleur M. Grayburn,

38, Biabopagate E.C..

Sub-Agencies In London: 117/199, Leadenhall Street, EQa West End Branch: 14/16, Cockapur Streat, B.W.1. Manchester Branch: 89, Morley Street, Manchester, 2.

PENANG

AGENCIES AND BRANCHES:

HARDIN HONG KONG LANGOON ILOILO

ALOK STAN AMBITHAR

BANGXOX BATAVIA

DALOUTTA

AGENCIES:

1802 KARACHI KLINO KOUM

CLIVE BAT KUALA

Chief Manager. FALKKIK PRACH

Patapi

Haiphoog (Johore) Tientsin Murdon

Tokyo New York Tsingtao Peiping Yokohama

Fenang

| CANTON

WE ONTSTAA PO

COLOMBO

LUMPUR

BALQON

СЕВЛИВАЯ

SHANGHAI

SINGAPORN

BITIAWAN

SOURABAYA

TAIPING

TIENTSIN KUCHING

MADRAK MANILA MEBAN

WOW YONE PRIPING

HANKOW (Peking)

TONGLAH

(Bhuket)

TEINOTÃO YOKOHAMA

FOREIGN EXCHANGE and General" Banking Business transacted.

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

SAVINGS ACCOUNTs also opañed in Local Currency and Sterling with interest allowed at rates obtainable on application.

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSs

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

British Income Tax overpaid, on quoted on application,

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

R. A. CAMIDGE,

Manager.

Also up to date Sams DEPOSIT Boxes, in various sizes To LET Hong Kong, 28th February, 1940.

The Business of the "above Bank is conducted by the HONGKONG) & SHANGHAI BANKING COR- PORATION. Rules 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

Authorised Capital......$10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided

THE CHASE BANK

16, 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 Bates on Application,

SAFE DEPOSIT BOXES

This Bank is entirely owned by NATIONAL BANK, Tat New Youx, with Besources of orig 13.8.89,900,000,000,

D. M. BIGGAR,

Second Vios ProL

DELUL KAIPHONG

Francisco HAMBURG

Gen. Electric

381

20th Cent. Fox, $iț pf.

228

Profita

2,883,832.01

18.25b/29a 18.14/14

18.02b/048

18.16b/25a 18.05/05 17.95/96

18.35b 18.33/33 18.12/12 18.005/09 17.798/90a

.10, 'up

Gen. Motors

.19 up Gen. Railway Signal

10 -up

Gen. Tire & Rubber

.05 ap

Glidden Co.

02 .oft

Goodrich (BF)

Goodrich $5 pf.

Goodyear Tire & Co.

Great Northern Iron Ore!

May

1014/1014

1017/102

July

994/99)

991/997

September

981/981

103/102 -100%/100% 100/100/

Great Northern Rly, pfd. Great Western Sugar

11 Up Greyhound, Corpn.

1 up Hercules Powder ·Co.

11 up Homestake Mining

London

New York

Japan

0/4

Monday's sales:-17,062,000 bushels

International Harvester

6-3/16

Int Nickel

25-1/4

CHICAGO CORN

Int, Tel & Tel

India

22-1/8

May

554/557 551/557

561/56

Johns Manville

Parix Hongkonv

1.94 28-3/4

July

561/551

561/562

up

J. & Laughlin Steel $7 pfd.

September

57/57

57/573-

up

Kernécott Copper ...........

Sellers

WINNIPEG WHEAT

Spot

Closing Upening 0/4-1/8 0/4-1/8

May

87 B

871/877

881B

up

Mar

0/4-7/04

0/4-7/64

July

October

887A

901/201

892B 901B

+

קנן

up

1039/40

Apr.

0/4-1/16 0/4-3/64

NEW YORK HIDES

High Low Dow Jones Averages

U.S. DollarK «

June....

13.59/59

Spot Маг.

$6-7/16 $6-7/18

September

13.83/83

13.70/70 13.05/95

Apr.

8413/32 6-9/32

New York, Offiial ...... 34-3/4 "NY-London Cross Rate 3.77-3/4

13.61/63 13.85/87 34-3/4" 3.75-3/8

.02 up

156.99 191.41 20 Industrials

.02 up

35.90 94.14-20 Rails

97.70 20.700 Utilites

22:29 84.51 40 Bonda

6-13/32 6-5/16

Market: Inclined to be easy.

Merchant Ezies

Sterling, 0/4-1/8.

US Dollars, $6-7/16.

Silver Duty Hata

The Central Bank of China's rate on London at 10 am, today was 1/2-1/20.

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

· NOTICE: "Ali, Japanese markets

will be closed tomorrow,

India Rupee Paper

Bombay, Mar. 19 (Reuter), Govt. 31% Rupee, 94-01-0.

Calcutta Exchange

Calcutta, Mar. 19 (Reuter). T.T. on Japan, 23-5/8

New York Exchange

New York, Mar. 19 (Reuter). T.Tan London (Opening Rate). 3.78-374.

SILVER MARKET

LONDON SILVER

"London, Mar. 19 (Reuter).

STOCK EXCHANGE QUIET

LONDON, Mar. 20 (Reuter)-

Silver.-India bought. Business The Stock Exchange was quiet, small. Market steady. In the most groups tending to "ease, but afternoon, the market was quietly glit-edged was steady. steady.

Trading in the new War Loan was small, with the price closing at a quarter discount.

Spot, 20-13/16d.

orward, 20-13/164.

*** NEW YORK SILVER

New York, Mar. 19 Réuter). Silver, Oficial, 34-3/4

BOMBAY SILVER

Bombay, Mar 19 (Reuter).

Elsewhere the decline in Indian gold minings was a notable fea- ture, following confirmation of the news of the new Mysore tax

Wall Street was steady...

Market Quiet but steady, of LONDON METALS

take 100 bars.

Ready

Indian Mint Silver

Apr. 3. Settlement May 1 Settlement

EXCHANGE

50-08- 56-08

London, Mar. 19 (Reuter),

sellers ourers ΤΕΝ

£

Standard, Cash 247-3/4 248 Standard...

50-12

LONDON GOLD

London, Mar, 19 (Reuter). Bar Gold, Finë për oz. 168,

3 months 246-1/4 246-1/2. Standard,..

Betment Price 247-3/4: Straits

***

273

Sir Shodson Chow, Chairman

Li-Li Bung, Eng. P. K. Kwok. Eag Wong Chu Son, Baq. Wong Tan Tong, Esq. Kan Ying Fo, g. Chan Ching Shack, Mog. Fig Ping Wah E

Kan Toug Po, Esq., Chief Manager. Li Tu Pong, Esq., Manager.

Brünches and Agencies zoom

Pen Blagapers- Kawicos Loudon Bangoon Bongabays

Afgron Bwakow Melbourne a Frane Bydany Magsanka

'Samazung. Shangissi

YouTu

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

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGI

BANK

PAID-UP CAPITAL $40,000,000,00 (BRANTEES ALL OVER CHINA) Owing to our numerons 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:

Current Accounts spened in Local | CANTON

Currency and Fixed Deposita re SWATOW

KONGMOON.. TOISHAN

ceived for one year or shorter SHIUCHOW KINGCHOW periods in Local and Foreign Cur

We also handle the issue of Bonds rencies on terins which will be and other Public Funds of the Chinese Government both at Home and Abroad.

BHOU J. CHEN,

Manager.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Bervices for Cargo and Passengers

TO

SWATOW, BHANGHAI, 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

BARDINE MATHESON&Co.,LTD. TEKÉPHONE KOJILIGG

NERAL MANAGERS

THE KWANGTUNG ·PROVINCIAL

BANK

(Incorporated in "hina'

General Banking Pandities and Financial Agents ko The Provincial Government of Kwanginny Head Offce-ablakwan, Kwangsang Province Blangkong Brauch-Queen's Bldg., 5 Chater Rd. Cable AddressesPROVINCIAL" 2639, 9445. Telephones:

."

20112, 20113, 20143, 20181, 31681.''

BRANCHES THROUGHOUT SOUTH CHINA Carrespondente in Sew York and London Paid Up Capital N$10,000,000, Reserve Capital

N$10,500,000.

AUYANG MANLY,

Hongkong Hanager.

A Job?

Consul

WANT ADS

53

Union. Carbide & Carbon

831

151

Union Pacific

95

21

United Aireraf;

450

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

17

United Airlines Trans

131

181

United Corpn. ́·

2+

·Board of Directors:

661

United Corpn. $3 cum pf. 38

23

United Gas Corpn.

11

Li Koon Chun, Esq,

13

United Gas Improvement

13

U.S., Industrual Alcohol

21

271

U.S. Rubber

341

เ

181

US. Rubber $8 pfd.

113

921

US, Steel

54%

551*

Vanadium

33+

55+

Walworth Co.

51

Amoy

351

Warner Bros. Pict

4.

Babarta Donsbay

Westinghouse Elec,

1121

Haiphong

71*

Woodward Iron Cor.

241

Hankow

brands

New York Bot

Pri

58*

351

Chase National Bank- National City Bank

33**

Kobe

Pelping

201

ני

bid.

DOW JONES

almex, div.

AVERAGE

145.59

29 86 2404 88.78

Mar. 30, 1940, Mar. 14, High Low Close

146.86-145,61 14843 30.03 29,78 29.98 -24 13 23.97 -24.07

ChanIS

.8* up ,09 trp

88.69

65.67 45.50 11 Commodity lnder 58.14

.03 up .00 of 58.62 .48 mp

quoted on application."

Business Done ---650,000 sharOM

SAFE DEPOSIT BOXES To Lar. :-

KAN TONG PO,

Chief Manager.