8. 8 8.
Bank Bills, on demand 21 1/2
SPOT
APRIL-JUNE
36-1/4 36 cta.
PAGE 10-HÒNGKONG DAILY PRESS
GENERAL
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 30, 1940
On London:-
Telegraphic" Transfer. [/a 13/18 | Bank Bills, en demand 1/3 13/18 Credits 4 months' sight 1,31/8
On Shanghai:-..
On demand 350
On Bingapore:-
On demand
On Japan:-
་་ ་་
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY. MARKET REVIEW (FROM PAYNE & ČO)
69 1/2
On demand
91
On India: ""
| SINGAPORE RUBBER··
Telegraphic
Transfer.
82 1/4
On New York:-
and demand
NEW YORK, MARCH 28, 1940.
Previous March 28
Closing Opening Closing Change Buyers Buyers
NEW YORK STOCK EXCHANGETM
STOCKS
Adams Express
QUOTATION -
* {REUTER'S ERVICE)
77.. Libbey-Owens-Ford
Lockheed Aircraft
i
Last Sale Mar. 28
MARCH 29, 1940, STOCKS
Glass
Last sale Mar. 28
49
|Alleghany Steel Co.
Allied Stores
331
.8
Loew's Inc............
354
Allis Chalmers ....
351
Loft Incorperated
Proprietors
..$20,000,000
Aluminium Ltd.
100
MONDAY, APRIL 1, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital..... $80,000,000
Reserve Funds:
Sterling
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 188s
Paid-up Capital £6,000,000 Reserve Fund
£3,000,000 ....23,000,000
£3,000,000
HEAD OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of
prietors
Mack Truck me.
257
Amer, Can
115
Martin, Glen L.
441"
American Cyanamid B.
381
McKesson & Robbins, pfd. 281*
Amer, & Foreign Power Amer Foreign $7 pf.
Monsanto Chemical
·111*
241
Head Office:-HONG KONG
Board of Directors: H. V. Wilkinson, Esq.,
Montgomery Ward
521
35-3/4 35-1/2
On Salzon:-
On Manila-
On demand
On Bangkok:-
On Sterling Notes:-
On demand.........40
On Paris:-
17
Bank Bills, an demand 1086
Credits 4 months" sight 1140
On demand... 108 1/4
Credits, 60 days' sight 22 3/8
JULY-SEPT.
On Batavia
The market was quiet.
LONDON RUBBER
35-3/4 off "1/2 35-3/4 unch.
American Gas & Elec. Amer, Locomotive Amer. Metals Co, Amer. Radiator
347
National Aviation
141
201
Nat Dairy Products
18+
244
Nat Distalers
26+
81
National Gypsum
11
Amer. Rolling Mut
143
Chairman Hon. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Eaq,
National Lead
204
Hon. Mr. 8. H. Dodwell,
HARBIN
Amer. Sting and Ring Co.
495
34-1/2 34-1/4 34-1/2
Nat, Power
Light
G. Miskin, Esq.,
Amer, Sugar Redning
191
National Steel Corp.
671
K. S. Morrison, Esq.,
Amer. Tel, & Tel
172)
National Supply Corp.
8+
T. E. Pearce, Esq.,
Previous close Today's close
Amer, Tobacco "“*”
89
New York Central
153
C. C. Robarta, Esq.,
Buyers. Buyers
Change
Amer. Waterworks
Niagara Hudson Power
51
Hon. Mr. A. L. Shields,
BATAVIA BOMBAY CALCUTTA
SPOT
11-3/16
11-1/8
APRIL
M A Y
+3
JULY-SEPT.
OCT.-DEC.
150
31
1/4
11-3/16
11-1/8
of 1/18 of 1/16
Anaconda Copper
**29
N. American Aviation
241
Atchison, T. 8. Fe
22
North American Co
211
Sir Vandeleur M. Grayburn,
Chief Manager.
11-3/18
11-3/16
unch.
Auburn Motors
Northern Pacific
B
-
JUNE
11-1/2
11-1/8
Baltimore & Ohio
5
Owens-Illinois Glass Do, ...
621
Branches:
11-1/16
11-1/18
Barber: Asphalt Co.
14
Pacific Gas & Rec
33*+
Amoy
Johore $ Rangoon
10-15/16
10-15//16
Barnsdall 011
11
On demand
Bank Buying Rate
'Bar Silver por oz.
Market Report
FROM KOZA BROS.
30 7/16
The market was quiet but steady.
NEW YORK COTTON: There was a broader general demand which met with limited offerings. Prices closed firm on further talk of an export subsidy, while a better sale of goods, inducing more price-fixing, aided the market,
"
NEW YORK RUBBER: There was no pressure to sell and ship- ment positions were steady.
Silver prices were unchanged
CHICAGO WHEAT: Easier under scattered selling due to re- yesterday, the. quotations remain- Ing at 20 7/16 for Ready and ports of rain in Western Kansas. The weakness of the Winnipeg 20.1/2 for Forward, Silver advices market is also an adverse influence. reported India, as having bought. A small business was done. The market was steady, buyrees at the quoted rate. American 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 352.
5/8,
Very quiet,
.Market,
Sterling
There were sellers at 1/27/8 March/July, buyers at 1/2.15/16 Cash and 1/2.29/32. April/July...
U. S. Dollars
NEW YORK STOCKS: Previous. close. 147.71; Today's close. 147.25; Change off .22
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn. May New York Hides, June
NEW YORK COTTON
May
Buss Co.
Pacific Lighting
471
Bangkok Kobe
Saigon
Bendix Aviation”
341
Packard Motors
31
Bataria
Kowloon San
ILOILO IPOH KARACHI KLANG AGENCIES: KOBR CATE STEKST FAIRLIN PLACE DANTON CAWNPORN CSU COLOMBO DELHI HAIPHONG
38, Bishopsgate E.0.2 Sub-Agencies In London:
117/129, Leadenhall Street, E.Ç.a. West End Branch: 14/18, Cockspur Street, 8.W.1. Manchester Branch: 52, Mosley Street, Manchester, £
AGENCIES AND BRANCHES:
ALOE STAR AMBITSAR BANGKOK
PENANG HONG KONG MANGOON
SAIGON
JEREMIAN
SHANGHAI
RINGAPOR
43
BITIAWAN
KUALA
LUMFUR KUCHING
SOURABAYA
TAIPING
TIENTSIS
MADRAN
· TONGKAH
Bethlehem Steel
75
Pan-American Airways
214
Bombay
Kuala
151
Paramount Pictures
Calcutta Lumpur Shanghai
Francisco HAMBURG
MANILA MEDAN
NEW YORK PRIPING
(Bhuket)
TSINGTAO
TOYOHAMA
Boeing Airplane Co.
23
Canton
London
Pennsylvania R.R
22+
Chofoo
Borg-Warner
**T
Lyons
Singapore Sourabaya
Phelps-Dodge
961
Colombo
Malacca Sungei
Bridgeport Brass Corp.
118
Phillips Petroleum
381
Dairen
Manila
Briggs Mfg.
211
Pittsburg Coke & Iron
Foochow
Muar
Patani Swatow
Brooklyn-M'hattan Trans.
211
Public Service of NJ,
417
Brooklyn-Manhattan $6....
Pullman Inc.
264
Bankow
Canadian Pacific R'way
54
Pure Ol
01
Harbia
Case, J.I
Iloilo
681
Radio Corpn. of. Am. ....
61
Celanese
31
Ipoh
Reading Company,
Com
151
Chesapeake & Ohio Chrysler Corpn.
Reading Company. 1st pfd
264
CURRENT
36
Remington Arms Co., Inc. -
4*
Cumax-Molybdenum :Co.
39
Republic Aviation Corp. ...
51
Colts Patent Fire-Arms Columbia, Gas & Beč, Columbia 6% "A" pf.
804.
Republic Steel
201
31
Revere Cop, & Brass Inc. ..
137
87
Reynold. Tobac. “B”
417
Commercial Credit Co...
45$
Richfield Of
7
'Prev. Today'I High Low Close Close Change 10.57 10.48. 10.48 10.54 .08 up 18.17 18.06 18.12 18.17b05 up 1061 1042 105 1041 off
57 561 583 562 13,75 13.55 13.70 13.55
Com, & Southern (Ord.)
1
Safeway Stores
50%
Consolidated Edison
31
Schenley Distillers
141
❘ up 15 Of
| Consolidated Oll Continental Can Continental Of Copperweld Steal
7
Sears Roebuck
861
48.
Shell Union of
111
221*
Socony-Vacunum all
12
172
Southern Pacific
12/
Corn Products
607
Southern Rly $5 pfd.
207
Curtiss Wright (C.)
102
Sperry
424
A small business was done 21.7/8 for Cash and 21.13/16 April. July (New contract)... 10.42 N The market closed with sellers at October 21.13/16 Cash, 21.3/4 April and 21. December () 11/16 May buyers probably at 21. January
at July
Close
10.48/49 10.29/20
Opening
Closing
Change
Curtiss Wright “A”
277
Spicer Manufacturing Co. 351
10.48/48
10.54/54
.06 up
Deere & Co.
213
Standard Brands
67
10.28/28
10.34/35
.05 up
Distillers Corpn. Seagrams. 19.
Stand Gas & Elec.
11*
10.40b/43a 10.47 N
.05
up
Douglas Aircraft
841
Standard Oil of California
223
9.79/79
9.79/79
9.84/84
.05 up
Du Pont de Nemours
184
Standard Oll of Ñ.J.
431
BANKING CORPORATION.
9.85/65
9.84/64
9.70/70
.05 up
Eagle Picher Lead
111
Stone & Webster
10
{
9.60 N
7/8 for Cash, 21.13/16 April and March
M
}
9:49/49
9.53b 9.49/40
9.65 N
.05 up
Eaton Mfg. Co.
337
Studebaker Com
11+
9.55 N
06
קט
Elec. Autolite
381
Swift International
28
Hong Kong, 8th Feb., 1939.
21.3/4 first half June.
Spot
10.73 N
10.79 'N .
.06 up
Elec. Bond & Share
01
Technicolor
151
Shangħaj Dollars
Business was done during the
Total sales Wednesday:-51,300 bales.
First notice day" for cotton:-1/5/40 and last day 22/5/40.
course of the morning at 359. The NEW YORK RUBBER closing rate was. 358,1/2.
Elec. Bond & Share $5 pf.
61
Texas Corpn.
451
"
Elec. Bond & Share $6 pf. 70
Texes Gulf Sulphur
337"
Elec, Power & Light $7 pf.
30
Timken-Axle ..........
241
BANK OF EAST ASIA, LIMITED
Fisk Rubber
151
Trans-America Co.
51
Fintkote
201
20th Cent, Fox.
114
Authorised Capital......$10,000,000,00
Shanghai Market
Sterling. There were sellers at 4:9/64 for Spot, 0.3. 4.1/16 sellers April, Quiet.
Dollars,
| May July September December January
18.12/12
17.85b/86a
18:10b/20a 17.80/80 17.700/75a 17.68/68 17.55/55
17.51 N
18.17b/20a 17.89/89 .04 up? 17.75b/78a .05 Lip 17.58/58 17.54 N
.05 up
Gen. American Trans.
511
20th 'Cent. Fox. $11 pf.
23
Paid-Up Capital
6,598,600.00
Gen. Electric
381
Union Carbide & Carbon.
834
Reserve and Undivided
Haiphong (Jobore) Tientain"
Mukden Tokyo
New York Tsingtao Peiping Yokohama Penang
HANKOW
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted..
CURRENT »Accourts opened" and FIXED DIFOBITS received for One Year or shorter periods in Local or Other Ourrencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with in interest allowed at rates obtainabla
on application.
ACCOUNT -opened. LOCAL CURRENCY and FIXED DEPOSIT received for ene year or shorter The Bank's Head Office in London perioda in Local and other Car-jundertakes Executor and Trustee fancies on terms which will be business, and claims recovery of quoted on application
British Income Tax overpaid, on
ALBO up to date SAPS DEPOSIT terms which may be ascertained at Boxes in various sizes To Lare. any of the Agencies and Branches. Hong Kong, 28th February, 1940,
. R. A. CAMIDGE,
"Manager.
14
HONGKONG · SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ́ed on application.
For the HONGONG & SHANGHAI
V. M. GRAYBURN,
Chief Manager.
THE CHASE BANK
-18, QUEEN'S ROAD, CENTRAL
An
HEAD OFFICE:
18, Pin■ STEZIT,
NEW YORK. American Bank offering com- pleta Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is, entirely owned by Тим CHABA NATIONAL BANE, New Yoxx, with Besourom of eri U.8. $2,900,000,000,
D. M. BIGGAR,
Second Vice Pr
Gen. Motors
541
Union Pacific
957
Prosta
2,863,932.01
.03 up
Gen. Railway Signal
17
03 up
Gen. Tire & Rubber.
Shanghai Exchange
Shanghai, Mar. 30 (Reuter).
Official T.T. Rates
Total sales:-1,200 tons.
CHICAGO WHEAT
Glidden Co.
Goodrich (B.7.)
Goodrich $6 pf.
May
1053/105
July
Opening
London
New York
Japan
0/4
September
1037/1032 1038/1031
1043/105/ 1043/1041 103/1037 103)/1034 1031/1031
off
Goodyear Tire & Co.
off
Great Northern Iron Ore
oi
Great Northern Rly, ofd.
Groat Western Sugar .......
5-7/8
Wednesday's sales:-25,333,000 bushels.
Greyhound Corpn.
24-7/8
CHICAGO CORN
Hercules Powder Co
India
22-1/8
Homestake Mining
Paris
Hongkong
2.94
May
561/582 581/561
561/562
up
International Harvester
30-3/4
July
571/571
572/571
up
Int Nickel
Sellern
September
581/58)
581/581
→ up
Int. Tel. & Tel.
Opening Closing
Johns-Manville
Spot
0/4-9/64
0/4-9/64
WINNIPEG WHEAT
J. & Laughlin Steel $7 pfd...58
Apr.
0/4-3/54 0/4-3/64
May
897/891
891/891
May
0/4-31/32
U.S. Dollars
Jaly October
901/901
921b
891/891 901B 92 A
à off
Kennecott Copper.....
→ oft + off
Lakey Foundry & Mac.....
Spot
$6-1/16 56-1/16
"Apr,
5-29/32
May
5-29/32 5-3/4
Market: Quiet,
NEW YORK HIDES
Jane September
New York, Official 34-3/4 NY-London Cross Rate 3.49-3/8
13.70/70 13.72/69 13.55/55 " 13.95/97 13.93/00 13,70/19
-34-3/4
3,80
.15 off
10 ö
1939/40
High:
25.90 24.14" 20 Raila -
37.70 20.700 Utilibus
92.32 84.51 40 Bonds
Merchant Rates
Sterling, 0/4-1/8.
US Dollars, $8-1/16.
Bliver Duty Rate
The Central Bank of China's rate on London at 10 am,” today was 1/2-1/2.
The Equalisation rate was 7-1/4 per cent..
India Rupee Paper
Bombay, Mar. 30 (Reuter), Govt, 34% Rupee, 94-10-0.
New York Exchange
New York, Mar. 30 (Reuter). T.T. on London (Opening Rate),
3.53.
Calcutta Exchange
Calcutta, Mar, 30 (Reuter). TT. on Japan, 88-1/2
SILVER MARKET
BOMBAY SILVER Bombay, Mar, 30. (Router).
Indian Mint Silver
Ready......
May 1 Settlement
June
Settlement
ST-00 57-03 57-07-
NEW AUSTRALIAN IMPORT BAN
MANCHURIAN
MONOPOLIES
CANBERRA, Mar. 31. (Reuter)— TOKYO, Mar. 30 (Reuter)-New The Australian Government is big companies, the list of which is
headed by Mitsubishi and Mitsul.
further restricting imports, the have just been given semi-mono-
Read Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
Bir Shonson Chow, Chairman
"Li Koon Chun, Esq.
F. K. Kwok. Eng.
Li Lan Bang, Esq. Wong Cha Son, Esq. Wong Tu Tong, Esq. Kan Ying Po, Esq. Chan Ching Shuk, Bag, Fang Ping Wah Eng Kan Tong Po, Haq., Chist Manager. Li Tse Fong, Esq., Maunger.
Bronches and Agencies:-
Karviace
Penang "Elingapore Hangvon Bourabaya
Baion
Malbourne en Fran- Bydney Nagusaks
alaco Tantein New York Beatti P
Bemarang Shangbal
Tancouver
Every description of Banking and Exchange business transacted. Losas granted on approved securities.
Specially Chartered by
THE NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER ÜHINA) Owing to our numerous Branebes in China and connections in the " principal Commercial Centres of the World, we are able to extend so our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office:--SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, O. South China Offices:
Current Accounts opened in Local Currency and Fixed Deposits re CANTON calved. for one year or shorter SWATOW periods in Loen! and Foreign Car SHIUCHOW rancier on terms which will be quoted on application.
SAFE DEPOSIT BoxIs To Lar.
KAN TONG PO,
Chief Manager.
INDO-CHINA
latest on the black list being motor polistic rights in the purchase of STEAM NAVIGATION COMPANY LTD.
cycles, cutlery and agricultural im- Manchukuo staple and agricultur-
al products.
plements. Other imports have been reduced from 50 per cent to 25 per cent.
According to new regulations no Opemting Services for Cargo, and Passengers. producers will deal with other than TO- listed firms, Furthermore all pro- ducers are compelled to declare their stocks before the end. of
The Government expects to save £1,500,000 on the 1938-39 Import March, and the, Government is figures.
LONDON METALS
EXCHANGE.
London, Mar. 29 Reuter).
TIN
buyers. sellers
£
ச
Standard, Cash 248-1/4 248-1/2 Standard,
3 months 240 246-1/4
empowered to take new decisions alming at the increase or restric- tion of sale of products.
하
The regulations apply to" soya
bean, bean cake, bean oll, kaoliang and millet.
DEATH OF SIR JOHN GILMOUR LONDON, Mar. 31 (Reuter)-The death occurred yesterday, from heart failure, of Sir John Gilmour, Minister of shipping.. He was a member of Parliament from 1906:
to 1935,
SWATOW, SHANGHAL, 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 lauded.
For further particulars
please apply to
JARDINE MATHESON☛ Co.,Lt TELEPHONE KOMIL – GENERAL MANAGERS.
KONGMOON TOIBHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home." and Abroad,
SHOU J CHEN
Manager.
THE KWANGTÙNG PROVINCIAL:
BANK (lucorporated in China)
General Banking Facilities and Financial Agents to The Frarizalai Anvernment of Kwangtong:
Head Ofce-Shlukwan, Kwangsung Province, Hongkong Branch -Queens's fildg., 3 Chater A. Cable Addresses-"PROVINCIAL“ 2539, PALS, Telephones: 20112, 20113, 20143, 20181, $1681. BRANCHES THROUGHOUT SOUTH, CHINA Correspondents to New York and indon Paid Up Capital ... N$10,000,000.
Reserve Capital N$10,500,000.
AUYANG MANLY.
Hongkong Manager.
A job?
WANT ADS
United Aircraft
471
201
United Airlines Trans
202
'BANK OF CHINA
171
United Corpn.
21
.1841
United Corpn. $3 cum pt. 387,
651
United Gas Corpp.
14
i
223
United Gas Improvement
13
||
14
U.S.. Industrual Alcohol.. ..
234
231
U.8. Rubber
231
271
US. Rubber $8 pfd.
115+
151
UB. Steel
57
97
Vanadium
34
571
Vultee Aircraft ·
ទ
531
Walworth Co.
Б
Amay
33
Warner Bros. Pict
31.
Batavia
London
Bombay
4.
Westinghouse Elec.
112
Maalis
69
Woodward Iron Cor.
251
Calcutta Haiphong
:
Chase National Bank
34*
Bankow Homojplu Zobe
351
National City Bank-
291*
Pelytar
• bid.
ex div.
DOW JONES AVERAGE
Low Dow Jones Averages Mar. 27, Higb Low Close 156.99 131.41 20 Industrials
Mar. 29, 1940,
Chanze
147.47
- 148.16 148.92 147.25
22.01
30.79
34.28 88.73
85.87 45.59 11 Commodity Index 69.15
.94 off .27 up BR.78
.05 ap 59.24 109 up Business Dono:—1,020,000 shares.
30.89 30,53 20,55, 24.88 24.35 24.55
No comments yet.
Private notes are available after approval.