1940-03-22 — Page 4

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37-1/B

37-1/4

APRIL-JUNE

36-1/4

38-3/8

JULY-SEPT.

35 cts.

37-1/8 38-1/4 35-1/8 35 cts.

The market was quiet but steady.

LONDON RUBBER

Previous close Today's close

Buyers

S POT

11-3/18

11-3/16

11-3/15

MAY

11-3/16

11-1/4

PAGE 10-HONGKONG DAILY' PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS,

MARCH 21. 1940

On "London:-

Telegraphic Transfer. 1/9 25/32 Bank Billa, on demand 1/2 95)33; Credits 4 months' sight 1/3 3/32

On Shanghai:-

On demand

On Singapore:-

On demand'

On Japan:-

On demand

On India:-

Telegraphic

and" demand

On New York:-

& CO.

PAYNE &

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW (FROM PAYNE & CO.)

. 350

82 3/8

98 1/4

SINGAPORE RUBBER

Transfer. 182

Bank Bills, on demand 99 5/8 Credits, 60 days' sight 23 1/2

On Batavia:--

On demand

On Paris:-

Bank Bills, on demand 1682 Credits 4 months' sight 1137

SPOT

APRIL

NEW YORK, MARCH 20, 1940, Previous March 20 Closing Opening Closing Change Buyers Buyers

NEW YORK STOCK EXCHANGE

Amer, Locomotive

QUOTATION

(REUTER'S SERVICE)

STOCKS

Last Sale

MARCH 21, 1940. STOCKS

Last Sale

Mar, 20

Mar. 20

Adams Express

Libbey-Owens-Ford

Glass

501

Sterling

Alleghany Steel Co

Lockheed Aircraft ............

308

Allied Stores ....

Loew's Inc.

351

Reserve Liability of

Allis Chalmers

364

Lott Incorperated

291

Proprietors.....

.$90,000,000

Aluminium Ltd.

101

Mack Truck Inc.

251

Head Office:-HONG KONG

Amer. Can

1131

Martin, Glen L

43+

American Cyanamid B.

374

McKesson & Robbins, píd.

240*

Amer& Foreign Power

Monsanto Chemical

110

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

Amer & Foreign 57 pt.

Montgomery Ward........

534

American Gas & Elec.

National Aviation

121

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

201

Nat. Dairy Products ......

Amer. Metals Co

*247

Nat Distillers......

251

J. K. Bousfield, Esq.,

Amer. Radiator"

National Gypsum

103

unch.

A. H. Compton, Esq,

FRIDAY, MARCH 22, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

"BANKING CORPORATION

Authorised Capital... 850,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1883

Reserve Funda:

Paid-Up Capital .....................£3,000,000 £5,000,000 Reserve Fund HK. Currency Reserve $10,000,000 Reservs Liability of Pro-

prietors....

·Deputy Chairman.

„£3,000,000

£3,000,00€ HEAD OFFICE: LONDON:

38, Bishopsgate E.C

Sub-Agencies In London: 117/19, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockapur Street, 6.W.i. Manchester Branch:

59, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

Amer. Rolling Mil

|National Lead ....

201

Hon. Mr. S. H. Dodwell,

ALOE STAR

זי

Amer. Sting and Ring Co.

49'.

Nat, Power & Light

G. Miskin, Esq.,

| AMBITSAR

HARBIN HONG KONG

PENANG

BANGDON

Amer. Sugar Renning

20,

National Steel Corp.

60)

K. S. Morrison, Esq.,

BANGKOK

BAIGON"

Amer. Tel, & Tel

172"

National Supply Corp.

T. E. Pearce, Esq.,

เก

BATAVIA

IPOH

SEREMBAN

Amer. Tobacco "B"

New York Central

151

C. O. Roberts, Esq..

Buyers

Change

Amer. Waterworks

unch. "

Anaconda Copper

281

Niagara Hudson Power N. American Aviation

23+

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

FOMBAY GALOUTTA

KARACHI KLANG

SHANGHAI

SINGAPORI

unch.

Atchison, T. & S. Fe.

North American Co.

201

Chief Manager, FAIRSIX PLACE

AGENCIES: JOBU CLITE STREET KUALA

SITIAWAN

SOURABAYA

CANTON

LUMPUR

TAIPING

up 1/18

Auburn Motors

Northern Pacific

On Saigon:-

JUNE

11-1/8

unch.

Baltimore & Ohio

Owers-Illinois Glass Co.

B1+

On demand

108

JULY-SEPT. *

On Manila:

11-1/16 11

11-1/8

up 1/16

Barber Asphalt Co.

141*

Pacific Gas & Elec

337

Amoy

OCT:-DEC.

11-1/18

up 1/16

Barnsdall Ol

Pacific Lighting

471

Bangkok Kobe

On demand

..... 45 1/4

On Bangkok:-

On demand

On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

153 1/2

1/3 31/32 21

Market

ap.

pear to side..

be still on

the

easy

Market Report

FROM ROZA BROS. Silver prices rose 3/16 yes.er- day for both deliveries, the quota- tions being 21 for both Ready and Silver advices reported Forward the market as being quietly steady with a little general buying.

The 'London/New York cross-! rate was quoted at 402.1/2 New quoted at York/London was 371.1/2.

Quiet. US Dollars responded

the drop in the cross-rate and from indications would

After ruling firm on outside buying, the market closed steady. Wall Street and the Trade were re- NEW YORK COTTON: ported to be buying intermittently which found, offerings limited. The progress of the Farm legislation and the gradual increase of open interest in May option are expected to result in further strengthening.of old crops.

NEW YORK RUBBER:

The strength of the market was aided by increasing factory interests in both actuals and futures. but the downturn of Sterling halted the advance,

CHICAGO WHEAT: Prices rose spectacularly on heavy short- covering and a renewal of buying on reports of further unfavour- rble crep advices and more war-like European political news. With the Winter crop of to a worsen condition, with Argentine condi- tons poor, and with a heavy movement of Canadian grains into export, the so-called topheavy position of wheat has apparently been in for mitigation. War news could easily bring further ad- vances,

Previous close, 148.43: Today's close,

NEW YORK STOCKS: 14691; Change; up .48.

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

Bliss Ca

Case, J.L

Celanese

Bendix Aviation

321

Packard Motors

Batavia

Kowloon"

Branches: Johore Rangoon

Saigon San

DAWNPORE

KUCHING

TIKNTAIN

MADRAS

TONGKAH

Bethlehem Steel

75.

Pan-American Airways

201

Bombay

Kuala

Paramount Pictures

Canton

Boeing Arplane Co.

211

Pennsylvania R.R. -

214

Chefoo

Lyons

Borg-Warner

221

Phelps-Dodge

.361

Colombo

Malacca Sungai

Bridgeport Brass Corp.

102

Philips Petroleum

Dairen Manila

Briggs Mig.

204

Pittsburg Coke & Iron

Foochow

Muar

Brooklyn-M'hattan Trans.

22+

Public Service of N.J.

412

Haiphong

Brooklyn-Manhattan "$8..

87*

Pullman Inc.

Bankow

261

Canadian Pacific Riway

Harbin

Pure Ou

floilo

Radio Corp. of Am, ......

Ipoh

Penang

301

Reading Company,

Com

151

Chesapeake & Ohio Chrysler Corpn.

392

Reading Company, 1st pid

ཉང་

854-

Remington Arms Co., Inc.

"Climax-Molybdenum Co..

394

Republie Aviation. Corp.

51"

Colts Patent Fire-Arms Columbia Gas & Elec. Columbia 8% "A" pi Commercial Credit Co. Com, & Southern, (Ord.) Consolidated Edisch

76.

Republic Steel

201

Revere Cop. & Brass Inc.

124

Reynold Tabac. "B"..

411

451

Richfield On

Safeway Stores

Schenley "Distillers

124*

Consolidated Oll Continental Can .....

Sears Roebuck

Shell Union Oll

111

Continental ou

221

Socony-Vacunum Of

111

Copperweld Steel

163

Southern Pacific

121

High Low

Prev. Today's ..

Close Close Change 10.65 40.56 10.48 10.62 14 up 18.42 18.38 18.33 18.40 .07 up

106 103 1021 1054 50% 561 58 561

Corn Products

601

Southern Rly $5 pfd

Curtiss Wright (C)

101

Sperry.

42+

Curtiss Wright "A"

Deere & Co.

Distillers Corpn. Seagrams

23 up

Douglas Aircraft

#up

Du Pont de Nemour

13.93 13.74 13.61 13.83

32 up

Eagle Picher Lead

Opening

Closing

Change

Eaton Mfg. Co.

10.48/48

10.56/57

10.62/63

14 up

Elec. Autolite"

10.27/27

10.35/34

10:40/40

.13 up

Elec. Bond & Share....

ar-

July (New contract) October [ December ( January

{ Spot

10.39 N

10.48/48

10.53 N

...14

קט

Elec. Bond & Share $5 pf.

9.69/69

9.82/80

9.86/86

Elec. Bond & Share $8 pf.

}

9.53,53

9.65/65

9.72/72

19 up

Elec. Power & Light $7 pf.

'9.48 N.

9.62 A

"9.67 N

419 up

Fisk Rubber.....

10.73 N

10.87 N

.14

Flintkote

Gen, American trans...

Gen. Electric

Gen. Moters

Gen: Railway Signal

ני

(

March

May,

July ...

September

December

18.35b

18.33/33

18.30b/482

18.12/12

18.22/22

18.00b/09a

18.00 B

17.79b/90a

18.38B 18:40/41 18.17/17 18.06/06 17.93/93

.03 up

Gen. Tire & Rubber

07 up

Glidden Co.

.05 up

Goodrich (B.F.)

.05

Goodrich $5 pi. ...............

14 up

Goodyear Tire & Co.e Great Northem Iron Ore .. Great Northern Rly, pid,

Great Western Sugar Greyhound Corpn.

Hercules Powder Co

May

103/1021

July

.1001/100

1037/104 1013/102

September

100/1001

1057/1057 104/1031 1027/103

21 up 3 "up

Eomestake Mining

International Harvester

21 up

Int Nickel

Tuesday's sales:-23,319,000 bushels.

was

Int. Tel & Tel

CHICAGO" CORN

Johns-Manvile

ני

Sterling

May July September

584/56

56+/564

502/561

581/561 571/67)

J. & Laughlin Steel $7 pfd.

קט ג'

Kennecott Copper-

579/571

581/581

à up

Lakey Foundry & Mac,

WINNIPEG WHEAT

83 B

831/89

E. 06

14. up

was re-

8913 -903B

91/911

11. up

924/921

11 up

1939/40

High

13.81/83 13.75/85 13.85/87 34-3/4

14.03/06

13.83/84 14.07/08 34-3/4 3.71-1/8

35.90 24.14 30 Rails.

$7.70 20.70 90 Utilit

22.22 84.51 40 Bonds

Sterling

No business was reported. offer at 1/2.27/32 March/June, buyers bidding, 1/2.7/8 for Cash. D. S. Dollars Sellers were quoted early in the morning at 22.7/8, buyers at 23.

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

The middle rate of 22.15/18 July "might have led o business but not available when wanted. Sub- sequently some business was ranged at 22.7/8 for near and 22. closed 13/16 April. The market at 1 pm. with sellers at 22.7/6 March and 22.13/16 April, buyers a: 23 Cash and possibly 22.7/8 April.

Shanghai Dollars

Business was arranged at 359. mar- 1/2, 359.1/4 and 359. The

.sellers ket closed at 1 pm, with

at 359, buyers bidding 359.1/2

Shanghal Market

Advice from Shanghai indicated i the market as being quiet with sellers for Sterling at 41/8 and US Dollars 6.3/8 for Spot.

AFTERNOON MAKKET

session The afternoon

stagnant.

The market closed with sellers

at 1/227/32 March/June, buyers

at 1/2.7/8 Cash,

U. S. Dollars

A small transaction ported at 22.15/18 for Cash. There were sellers at 22.7/8 March and 22.13/16 April, buyers at 23 for Cash and 22.15/16.April

Shanghai Dollars

Sellers at 360. ̈

Shanghai Market

Sterling, 4.3/5 Béniers for Spot.

Shanghai Exchange

Shanghal, Mar. 21 (Reuter).

EASTER HOLIDAYS

The following markets will be closed during the Easter holidays:

London-Mar, 22, 23, and 25. New York-Mar: 22, Singapore-Mar. 22, 23 and 25. Manila Mar. 21, 22 and 23 Batavia-Mar. 21, 22, 23 and 25. Shanghai Mar. 22, 23 and 25 Official T.T. Baten

0/4

London New York

Japan

Endia..

Hongkon#

Spot

6-3/16

26-1/4

22-1/8

2.94

Total Sales Tuesdays: 84,500 bales.

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

NEW YORK RUBBER

Total sales-440 tons. Last trading day:-27/3/40. CHICAGO WHEAT

May July October

NEW YORK HIDES

June .... September

New York, Offlial NY-London Cross Rate 3.75-3/8

Apr. 6-7/32 Market: Quiet,

Merchant Rates Sterling, 0/4-1/8. US Dollars, 38-5/16,

Silver Duty Rate

6-3/18

The Central Bank of China's rate. on London at 19 a.m. today WES-1/2-1/20.

The Equalization rate was 10-1/2 Per cent.

དྭེ ཝཱ ཙསྶཱ ?

India Rupee Paper

Bombay, Mar. 21 (Reuter). Govt. 31% Rupes, 93-10-0.

28-3/4 Calcutta Exchange

Calcutta, Mar. 21 (Reuter).. T.T. on Japan, 84-1/4.

Sellern Opening Closing 0/41/8 ..0/4-1/8 0/4-1/64 5/4-1/64 0/4-3/84 0/4-3/64

Mar

Apr.

U.8. Dollars', :

Spot Mar.

6-3/8

6-11/32

$0-11/32

·8-8/16-

New York Exchange

New York, Mar, 20. (Reuter). TT, on London (Opening Rate), *3.72-7/8.

INDO-CHINA

STEAM NAVIGATION COMPANY. LTD.

Operating Services for Cargo and Passanger

TO-

SWATOW, SHANGHAL, TSINGTAU, CHEFDO

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 lauded.

For further particulars

please apply to-

SON&Co. LTD.

JARDINE MATHESON&C TELEPHONE 303I. GENERAL MANAGERS

Li Koon Chan, Ed Li Lan Bang, Esq. P. K. Kwok, Eng Wong Chn Son, Esq. Wong Lan Tong, Esq. Kan Ying Po, Mag Chan Ching Shuk, Esq. Fang Ping Wah Esq

Kan Tong Po, Esq., Chief Manager. Li Tas Fong, Esq., Managar.

Branches and Agências 2---

KOTIDON Редак Loodan

Slagspors Boursheys Manita Baigan Bwslow. Melbourne "san Fran. Byduny

do Tie

Vascover Bemarang Shanghai

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 facilitrée for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI Hong Kong Branch:

4. QUEEN'S ROAD, C. South China Officer:

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

Current Accounts opened in Local Currency and Fixed Deposit re- ceived for one year or shorter periods in Local and Foreign Cur- tencie on terms which will be SWATOW

SHIUCHOW quoted on application.

SATE DEPOSIT BOXES TO LIT."

KAN TONG PO,

Chef Manager.

THE KWANGTUNG PROVINCIAL BANK VAN MAtim. (Incorporated in Chias) Georal Banking Failider and Financial Agents to The Provincial Government of Kwangtang Head Once-Shiukwan, Kwangiang Province Hongkong Broch --Quem's Big-,>Chater K6. Duble Address="“PROVINCIAL":1029, 1443. *

Telephones: 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" ......

KUYANG MANLY,

Hongkong MavREST,

A Job?

WANT ADS

CANTON

*KONGMOON

TOISHAN KINGCHOW

We also handle the fun of Bonds and ether: Publie Funds of the Chinese Government both at Home and Abroad.

SHOU CHEN,

Manager.

THE MERCANTILE BANK”

OF INDIA, LIMITED

Head Officer-15, Gracechurch Street,

London, E "Authorised Capital

Eglwysbed Capital... Pald-ng Capital Remre Fund and Sons,

£3,000

£1,060

"BANKERS:

The Bank of England and Midland,

hp/Bank, Ltd.

BRANCHEB:

Bangkok Bombay

Ipek

Oilentia

Kuantan

Odlondin

Kandy

Dathi

Karachi

Flowchong

Kusia Trengganu

Madras

New York

Perang

H&Lspon

Kola hard' Gusoghed Kuala Lipt Howth. Kuala Lumpur Blogapore

Simla

HONG KONG BRANCH:

Every description of Banking and Exchang

-brained trapasstudou.

Travellers Cheques innsed,

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

QUÉRENT ADDUVETS Coned in Local Car reney: "203 ZIXED: UNPOSITS riosired in Loos! Onzrency, STERLING & U.“, DOLLARS ca testos

LETUDY BÉNAON,

291

Spicer Manufacturing Co. 33**

217

Standard Brands

Stand Gas & Elec...

11*

Standard"Oll of California

1851

Standard Oll of N.J.

.437

11***

Stone & Webster

321

Studebaker Com

111

38)

Swift International

291

Hong Kong, 25th Feb., 1939.

Technicolor

15"

581

Texas Corpn..

67"

Texes Gulf Sulphur

331

271

Timken-Axle

221

BANK OF EAST ASIA, LIMITED

154

Trans-America Co.

睡

191

20th Cent. Fox

113.

Authorised Capital.....$10,000,000.00

521

20th Cent. Fox, $11 pf.

227

381

Union Carbide & Carbon

Paid-Up Capital 5,688,800,00 Reserve and Undivided

534

Union Pacific

Profits

2,883,992 01:

COLOMBO DILUI HAIPHONG Francisco HAMBURĞ

HANKOW

Calcutta Lumpur Shanghai

London Singapore Sourabaya

Patani Swatow (Johore) Tiantain

Tokyo Mukden New York Tsingtao Paiping

Yokohama

(Peking)

FOREIGN EXCHANGE and General· Banking Business transactad.

CURRENT ACCOUNT 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 ACCOUNTS also opened in Local Currency and Sterling with

CURRENT ACCourra" opened in interest allowed at rates obtainable. LOCAL CURRENCY and FIXED DEars on application

The Bank's Head Offee in London received for ene year or shorter periods in Local and other Cur- undertakes Executor and Trastes" rencies on terms which will be business, and claims recovery at British Income Tax overpaid, on quoted on application.

ALSO up to date SATE DEPOSIT terms which may be ascertained at Boxes in various sizes To Lar

any of the Agencies and Branches.

R. A. CAMIDGE, Hong Kong, 28th February, 1940.

Manager.

HONGKONG SAVINGS

BANK

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

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:*

18, PINK STREET,

NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application,

SAFE, DEPOSIT BOXES

This Bank is entirely owned by THE CHABE NATIONAL BANK, New York, with Hanoureen of oral 1.§.$9,900,000,000...

D. M. BIGGAR,

Second Fice Pros."

MANILA

(Bhuket)

VEDAN

TSINGTAO

NEW YORK

TOKOHAMA

PRIPING

United Aircraft

461

204

United Airlines Trans

187

171

United Corpn.....

Head Offèe:-HONG KONG No. 10 Des Voeur Road, Central.

United Corpa. $3 cum pf.

381*

Board of Directors:

·651*

United Gas Corpa,

Six 85oubou Chów, Chairmas

United Gas Improvement

131

U.S., Industrual Alcohol

213

231

UB, Rubber

213

US. Rubber $8 pid.

1144

1871

U.S. Steer

551

941

Vanadium

34.

581

Walworth Ca.

541

Warner Bros. Pict.

351

Westinghouse Elec.

1117

may Batavia

Woodward Iron Cor.

241

Bombay

Chase National Bank

34*

National City Bank

281

357

Vultee Aircraft

Oslobis Haiphong Sadkow Homelalu Kate

Yew York B151 Parla

Paying

-ex diy

DOW JONES' AVERAGE

Low Dow Jones Averages Mar. 19, Bigh Low Clowe 155.92 121.41 20 Industrials

***Mar. 21, 1940.

148.43

29.95

34.07 88.09

65.67 45.59 11 Commodity Index 58,82.

Change 147.30 T48.31 146,91 48 up 30.23 20.05 30.13 18 up .03 up 24.19 24.01 24.10.

1940-03-22 — Page 4

Comments

Private Research Note