Telegraphic Transfer:
On New York:-...
Bank Bills, on demand 21 7/8 Credits, 60 days' sight 92*3/4
Buyers Buyers
35-5/8 35-3/4
34-1/2 34-5/8 34-3/8 34-1/4
After ruling steady, the market became firm.
LONDON RUBBER
Previous close Today's close
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 3, 1940.
On London-
Telegraphic Transfer. 1/2 13/16 Bank Bills, en demand 1/9 13/16/ Credits 4 months' sight 1/3 1/8 On Shanghai:---
On demand
On Singapore:---
On demand
PAYNE & CO.
COMMODITY BROKERS “ STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
350
69 1/2
On Japan:-
A
LY
On demand
02 3/1
On India:-
SINGAPORE RUBBER
and demand
89" 1/4
SPOT
JULY-SEPT
OCT.-DEC.
On 'Batavia:--
On demand
"On Paris:-
..... 40 5/8
{
NEW YORK, APRIL 2, 1940.-
Previous
April 2
NEW YORK STOCK EXCHANGE .
STOCKS
Adams Express
QUOTATION (REUTER'S AKRVICE)
THURSDAY, APRIL 4, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
་་
AND CHINA
Last Sale
APRIL 3, 1940. STOCKS
Authorised Capital............... 850,000,000
לי
Apr. 2
71
Libbey-Owens-Ford
Giass
Last Sale Apr. 2 50
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1893
Reserve Funds:
Sterling
Alleghany Steel Co.
223
Allled StorES
B
Lockheed Aircraft aqui
351
Loew's Inc. ....
367
Reserve Liability of
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,000
Allis Chalmers
351
Loft Incorperated
38
Proprietors
prietori
£3,000,00
.$90,000,000
HEAD OFFICE: "LONDON:
Aluminium Ltd..
105
Mack Truck Inc.
25+
Amer. Can.
1154
Head Office: HONG KONG
Martin, Glen L
441
American Cyanamid B. Amer, & Foreign Power Amex & Foreign $7. pl.
39
McKesson & Robbins, pfd." 31
2
Monsanto Chemical
∙112
Board of Directors: H. V. Wilkinson, Esq.,"
261..
American Gas & Elec.
Montgomery Ward
531
30
National Aviation
Closing Opening Closing Change
Amer. Locomotive
151
201
Amer, Metals Co.
242
Nat. Dairy Products
171
་་
Nat, Distillers
231
36-1/8
up -1/2
Amer. Radiator
83
35 cts. 34-5/8
up 1/2
Amer., Rolling Mill
National Gypsum
111
141
National Lead
21
up 3/8
Amer. Sting and Ring Co.
50
Nat, Power & Light
81
G. Miskin, Esq.,
Amer. Sugar Refining
20+
National Steel Corp.
671
K. S. Morrison, Esq.,
Amer. Tel, & Tel
1723
Amer: Tobacco "B""
National Supply Corp.
81
T. E. Pearce, Esq.,
Chairman. Eon. Mr. J. J.. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
36, Bishopsgate E.0.1
Sun-Agencies In London:
117/172, Leadenhall Street, E.C.a West End Branch:" 14/16, Cookipur. Street, S.W.1. Manchester Branch:
02 Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES:
HARDIN HONG KONG ILOILO IPOH
PENANG RANGOON SAIGON
*881
New York Central
18
C. C. Roberts, Esq..
Bank Blils, on demand 1080 Credits 4 months sight 1140
On Saigon:-
On demand
Op Manila:
1084 JUNE
Buyers
Buyers
Change
Amer. Waterworks
101
Niagara Hudson Power
54
Hon. Mr. A. L Shields,
ALOR STAR AMRITSAR BANGIOI BATAVIA BOMBAY CALOUTTA
SEREMBAN
KARACHI
SHANGHAI
ILANO
SINGAPORS
SPOT
MAY
11-1/18
11-1/8
up 1/16
Anaconda Copper
201
AGENCIES:
N. American Aviation
24
Sir Vandeleur M. Grayburn,
KOM.
SITIAWAN
CATE STIES:
11-1/8
11-1/8
unch.
Atchison, T. & S. Fe.
23
North American Co
22
Chief Manager. FAIRLIN PLACE
KUALA
BOURABAYA
11-1/8
11-1/8
unch.
Auburn Motors
1
Northern Pacific
84
On demand
On Bangkok:-
43 3/4
JULY-SEPT. OCT.-DEC.
On demand
160
Or Sterling Notes:-
Bank Buying Rate
... 14
Bar Silver per oz.
90 1/1
11-1/18
11-1/18
unch.
Baltimore & Ohio
5
Branches:
CANTON CAWNPORE
LUMPUR
TAIPING
KUCHING
TIENTSIN
Owens-niliols Glass Co.
62
10-7/8
10-15/16
up 1/16
Barber Asphalt Co.
151
Pacific Gas & Elec
34
Amoy
Close
Cash
May July
10.52/53.. 10.30/31
were
22
July (New contract) October December ( January March Spot
·10.46. N
}
9.78/80
9.64/84
9.59 N
·(
}
9.59 N 10.74 N
Market Report"
FROM ROZA BROS. Silver price, dropped yesterday to the extent of 3/16 for Ready and 1/4 for Forward, the quota- tions being 20,1/4 and 20.3/16 res- report- pectively." Silver advices
ed speculators as having sold. A small business was done. The market closed steady with buyers at the quoted rate.
American Silver was quoted at 34.3/4 for "Spot
ca
The London/New York CrOES-
New rate was quoted at 402 1/2 York/Landon was quoted at 357. 3/4.
- וי
Market.
Extremely quiel.
No
Sterling
business was reported. There were sellers at 1/2,78 April/ July and 1/2.27/32 August/Nov-} ember, buyers at 1/2.29/32 and 1/2.7/8 September.
Nothing
US Dollars
doing. There
small seller at 22.1/16 Cash, April, 21.15/16 May and 21.7/8 Junc. buyers at 22.1/8 Cash, 22. 1/10 first half May, 22 May and 21.5/16 June.
The market was steady. NEW YORK COTTON: The market was easier "un early for- eign selling and local liquidation but the decline. "however, met with trade fixings for May and July. There has been further talk of an export subsidy and the possibility of the restoration of pre- viously delected funds for parity payments and for surpluses re- movals. Unconfirmed reports stated a subsidy of two-cent a pound was being considered.
પ
♫
NEW YORK RUBBER: The market is expected to respond further to anticipated business improvement. There is evidence of better" dealer and manufacturers demand for physicals.
CHICAGO WHEAT: Scattered May liquidation and hedge-sell- Ing halted the early advance on unfavourable
crop reports in South-West.
NEW YORK STOCKS: Pre vlous close, 147.72; 'Today's close, 147.92: Charge, up 20.
(REUTER'S SERVICE)
New York Cotton, May, New York Rubler, May Chicago. Wheat, May Chicago Corn, May New York Hides, June
NEW YORK COTTON
Prev. Today's High Low Close Close Change
10.52 10.54 10.45
10.49 03 0 18.42 18.30 18.24 18.38 14 up
1051 1047 1041 104
Bliss & Co.
Case, JI
Chesapeake & Ohio. Chrysler Corpn. Climax-Molybdenum Co.
Barrisdall OU
113
Pacific Lighting
471
Bangkok
Kobe
"
Bendix Aviation Bethlehem Steel
347
Batavia
Kowloon
Johore Rangoon
Saigon San
Packard Motors
31
..771
Bombay
Kuala
CEBU COLOMBO BILAI HAIPHONG
MADRAE
TONGKAH
MANILA
(-Bhuket)
KIDAN
TSINGTAO
Boeing Airplane Co.
Borg-Warner
Bridgeport Brass Corp. Briggs Mfg.
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $8.
Canadian Paclac R'way.
Celanese ..
NEW YORK COMMODITY MARKET
Colts Patent Fire-Arms Columbia Gas & Méo, Columbia 8% “A”. pl. Commercial Credit. Co. Com, & Southern (Ord.) Consolidated. Edison Consolidated Oll
Continental Con
Continental Ou
Copperweld Steel
Corn Products
Curtiss Wright (C)
off
Curtiss Wright "A"
561 562 50+ 5676 13.26 13.13 13.30 13.23 .07 off
up
Deere & Co.
Distillers Corpn. Sexgrams
Douglas Aircraft
Opening
Closing
Change
Du Pont de Nemours
10,45/47
10.49/40
03. Off
Eagle Picher Léad
10.26/25
10.23/24
07 off
Eaton Mfg. Co.
10.38 B
10.38 N,
.08 OfT
Elec, Autolite....
9.72/73
9.59/59
9.72/72 9.58, 58.
.06 aff
Elec. Bond & Share
.00 01
Elec. Bond & Share $5 pt.
9.56/56
9.54 N
.05 off
Elec. Bond & Share $6 pf.
9.45/45
9.43 N
.08 off
Elec. Power & Light $7 pf.
10.73 N
.01 off
Fisk Rubber
Flintkote
May July
September December
January
May
July
September
CHICAGO CORN
First notice day for cotton:-1/5/40 and last day, 22/5/40.
done at NEW YORK RUBBER · the close there were sellers at 359, buyers.
at 359.1/2 for Spot.
Shanghai Market
Quiet, Sellers of Sterling at 4.1/9 for Spot and U.8. Dollars at 6.1/8" for Spot.
Shanghai Exchange
Shanghai, April 3 (Reuter).......
Official T.T. Rates
Total sales:-2,550 tons. CHICAGO WHEAT
Gen. American Trans.
Gen, Electric
Gen. Motors
18.24/24
17.80/80
-17.70/70
18.30b/40 18.38/39 17,85/85 17.94/95 17,70b/79a 17.75/78
.14 up
Gen: Railway Signal
קט 14.
Gen. Tire & Rubber
-.05 up
Glidden Ca
17.50b
17.46r
17.65/66 17.81 N
15 up
Goodrich (BF)
מט.15.
Goodrich $5 pf.
Goodyear Tire & Co.
Great Northern Iron Ore
Great Northern Rly, pid.
1042/105. 1052/105) 1033/1037 1041/1041 103/1031
1041/1041 1031/103) 1031/103
off of
Great Western Sugar
Greyhound Corpn.
oft
Hercules Powder Co
Homestake Mining
International Barvester
Opening
Int Nickel
0/4
5-7/8
May July
561/561
561/562
572/571
24-7/8
September
581/581
561B 577/574 581/581
I up
unch.
Int, Tel. & Tel
Johna-Manville
J. Laughlin Steel ST pfd, col·
72-1/8
WINNIPEG WHEAT
Kennecott Copper
2.94 X 26-3/4
Lakey Foundry & Mic. ...
May
891/891
891/891
8838
off
July
Sellers
October
007/907 92 A
90/90-
off
9113
1 off
NEW YORK HIDES
1939/40
June.
September
13.30/31 13.58/58
13.28/23 13.51/52
New York Official
34-3/4.
$6-1/8
NY-London Cross Rate 3.55-3/4
13.23/24 13.47/48. 34-3/4 3.57-3/4..
07 off
High
Low Dow Jones Averages 155.98 121.41 20 Industriale
11 off
35.90 24.14 90 Raffe
27.70 20.70 40 Utilimen
91.2 84.51 40. Bonds
5-31732 -5-13/16
Shanghai Dólars
Some business Was 358.1/2 for Spot. At
London
New York
Japan
India
Paris
Hongkong
Spot.
Apr. May
Spot
Apr,
May
Closing Opening 0/4-1/8 0/4-1/8 0/4-1/32 0/4-1/32 0/3-59/64 0/3-59/64
U.S. Dollars, .~$8-1/8
5-31/32
5-13/16.
Market: Qulet..
Merchant Rates
Sterling, 0/4-3/32.
US Dollars. $8-1/16.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, today was 1/2-1/2
SILVER MARKET
LONDON SILVER
London, April 2 (Reuter), Silver: Speculators sold. Sup- port poor. Business small. Mar- ket steady at the decline. In the .afternoon; sellers were holding
LONDON METALS
EXCHANGE
"
London, April 2 (Router).
TIN
buyers £
"Lyons Sourabaya
Haiphong (Jobore) Tientsin
Tokyo New York Tsingtao
Peiping Yokohama Penang
(Peking)
FOREIGN EXCchanar, and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPORTS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application...
SAYINGS ACCOUNTS also opened in Local Currency and Sterling with - CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPUstra on application." 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 quoted on application.
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
B. A CAMIDGE,
ALBO up to date Bar DarOSIT Hoxe in various sizes To Lar Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
Manager.
THE CHASE, BANK
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 BANKING CORPORATION.
Y. M. GRAYBURN,
Chief Manager. Hong Kong, 8th Feb., 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital.........
5,598,800,00
2,883,932,01
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Bhonson Chow, Chairman
Li Koon Chua, Esq.
P. H. Kwok. Eaq,
Li Las Sang, Eng. Wong Chu Son, Esq. Wong Yun Tong, Lag. Kan Ying Pa, kaq, Chan Ching Shok, K84. Fung Ping Wah Esq Kan Tong Po, Haq, Chief Manager. Là Tạo trong khi g
Beris
Bombay
Cajorita
Branches and Agencies :----
Halphong Hankow
Jandiala Kobe
Korioon Penang Bingapore London
Kangdum Boursinya Maniis Bairoa SWALOW
. Malbourne 662 Tran. Sydney
ziana Tintain Beattie VARGOD Ver Searing
New Tork
Shangha
HEAD OFFICE:
18, PINE STREKT,
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 CHASE NATIONAL BANK, NEW YORK, with Besources of arm U. 8. $3,200,000,000,
D. M. BIGGAR,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
·OF CHINA `AS AN INTERNATIONAL EXCHANGE
BANK.
PAID-UP CAPITAL $40,000,000,00 (BBANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commertía! Centras・ of the World, we are able to extend *.our Cliente special facilities for Dornestie and Foreign Banking and Exchange.
.
Hand Office:--SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices!
Every description of Banking and. Exchange business transacted. Loxos granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re CANTON ceived for
one year of shorter SWATOW periods in Local and Foreig Car 801UCHOW rencies on terms which will be quoted on application
INDO-CHINA
sellers STEAME NAVIGATION: COMPANY
off, with buyers at the rate. No Standard, Cash 248-3/4" 249 The Equalisation rate was 6-1/4 business was done and the mar- Standard,
per cent.
NOTICE: Please note that all Japanese markets will be close to day.
India Rupee Paper
Bombay, April 21(Reuter), Govt, 31% Rupee, 95-0-0.
New York Exchange
New York, April 2 (Reuter). T.T. on London (Opening Rate). 3.57
Calcutta Exchange
Calcutta, April 2. (Reater). T/T. on Japan, 88-3/4.
ket was very steady,
Spot, 20-1/4d.
Forward, 20-3/164.
NEW YORK SİLVER
New York, April 2 (Reuter), Silver, Oficial, 34-3/4.
BOMBAY SILVER Bombay, April 2 Reuter). Market-Quiet, Oftake 50 bars. Indian Mint Silver Ready...... May 1 Settlement June 3 Settlement
56-01 58-04 56-07
LONDON GOLD
London, April 2 (Reuter) Bar Gold, Fine per 2, 163,
3 months 246-1/2 247 Standard,
Set'ment Price 248-3/4 Straits 269 to 274 nominal.
£
Operating Services, for Cargo and Passengers
TO
LONDON MARKET QUIETLY FIRM
LONDON, April 3 (Reuter)— Quietly firm conditions cha c- terised yesterday's market in which glit-edged securities slowly improved while Rayong
WL5
further bought by provincial in- vestors.
Goldminings ware higher
SWATOW, SHANGHAI, TSINGTAU, CHEVOO,
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
"All steamers borth alongside the Roosevelt ́ Terminal in the French Concession at Shanghai, where passengers" and cargo are leaded.
For further particulars
please apply to-
JARDINE MATHESON&Co.,LTD.
general buying and Wall Strees TELEPHONE 303II – GENERALI
remained firm.
JAGERS
HONGMOON TUISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad...., *.
BROU J. CHEN,
Mondger
THE EWANGTUNG PROVINCIAL
BANK (Inoneporated in China)
General Banking Facilities and Financial Agents te The Provincial Onverament of Kwangiting Het Olbiakwen, kwangtang Province Bongsong Beach-Queen's illig, Chafer B Cable AddressE="PROVINCIAL" 1929, 1442. Telephones: 24112, 20113, 26163, 20181, 81681. BRANCHES THROUGHOUT
"SOUTH" : "CHINA JAMENT Correspondants in New York and London
Paid Up Capital ................ N$10,000,000. Reserva Capital N$10,500,000.
AUYANG MANLY,
Hongkong Manager,
A Jobz
WANT ADS
18}
Pan-American Airways
241
Calcutta Lumpur Shanghai
Francisco HAMBURG
BANKOW
NEW YORK PEPING
TOKOHAMA
Paramount Pictures
281
Canton
London
Singapore.
Pennsylvania RR
221
Chefoo
231
Phelps-Dodge
38
Colombe
Malacca Sungei
111
Phillips Petroleum
381
Dairen
Manila
211
Pittsburg Coke & Iron
Foochow
Musr
Patani Swatow
22
Public Service of. NJ, ...
42
91
Bankow
Mukden
Pullman Inc.
201
52
Harbin
Pure Oll
Tloilo
88
Radio Corpn. of Am. ......
37
Ipoh
301
Reading Company, Com
15*
40
Reading Company, ist pfd
26*
881
Remington Arms Co., Inc.
41*
40+
Republic Aviation Corp.
B
794
19
Republic Steel
203
Revere Cap. & Brass Inc.
134
88
Reynold Tobac. "B"
417
46
Richfield Ou
71
14
Safeway Stores
513
314
Schenley Distillers
14
71
Sears Roebuck
86%
47
Shell Union Oli
12
223
22+
Socong-Vacunu Oll
117
Southern Pacific
121
60%
睡
Southern Rly 35 pfd.
274
Sperry
431
*
28
Spicer, Manufacturing Co. 371
Standard Brands
7
187
Stand Gas & Elec.
11
841
1857
Standard Oll of Californis
234
Standard Oll of NJ.
431
11.
Stone & Webster
104
35."
Studebaker Com
114
38;
Swift International
281
71
631
Technicolor
15
Texas Corpa,
489
712
Texes Gulf Sulphur
331.
331
Timken-Axle
241
15"
Trans-America Co.
51
201
20th Cent, Fox
111
51
20th Cent. Fox. $13 pf.
23✶
387
Union Carbide & Carbon
831
541
Union Pacific
954
Reserve" and Undivided
Profita ...
188
United Aircraft
481
201
United Airlines Trans
217.
171
United Corpn.
21
187
United Corpn. $3 cum pt.
39
68
United Gas Corpn.
11
23
14
United Gas Improvement
129
U.S., Industrual Alcohol,
241
241
US. Rabber
342
27}
US Rubber $8 pfd.
1142
18
US. Steel
591
97
Vanadium
351
58
Vultee Aircraft
101
55
Walworth Co.
52
Amoy
324
Warner Bros. Pict.
35
41
Westinghouse Elec.
112
684
Nagasaki
Woodward Iron Cor.
241
Chase National Bank
34*
357
די
Palping
National City Bank
291*
44
⭑-bid.
I-er, div. *DOW JONES AVERAGE.
Apr. 3, 1940, Apr. 1, High Low Close 147.72
30.72
25.10 89,07
85 67 45.59 11 Commodity Index 88.88
Change 148.37 147.48 147.98 30 up 30.71" 30.63 30.59 .14 oft 25.25 34.95 25.17 .07 ap B9.16 .00 up 18.26 .80 off.
Busincer 'Done':-830,000 shares
SARY DEPOSIT BOXES TO LE
KAN TONG PO,
Chief Manager.
No comments yet.
Private notes are available after approval.