1940-04-06 — Page 10

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On Manila-

On demand

On Bangkok:-

On demand

On Sterling Notes:---

Bank Buying Rate

Bar Sliver per oz.

Market Report

FROM ROZA BROS. Sliver price dropped yesterday to the extent of 3/18 for Ready and 1/8 for Forward, the quota- de- tlons being 20.3/16 for both liverles, Silver advices reported

After ruimg quiet the market eased owing to hedge selling. „NEW YORK' COTTON: Opening prices responded fully to "high-

er cables from abroad. Demand was more general, fnding offerings quite limited. Later, New Orlean houses and Bombay interests sold actively, the trade buying on setbacks.

NEW YORK RUBBER:

The market is featureless.

CHICAGO WHEAT: Local professional traders and commission houses are buying on South-West weather and crop news.

NEW YORK STOCKS: 150.4t; Change up .76.

Previous clase, 149.85; Today's close,

NEW YORK COMMODITY MARKET

SATURDAY,

APRIL 6, 1940.

Peiping Yokohama

Penang

HANKOW

(Peking)

FOREIGN EXCHANGI and General Banking Business transacted.

CURRENT ACCOUNTS 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 ACCOUNza also opened in Local Currency and Sterling with

SPOT

JULY-SEPT.

OCT.-DEC.

36-1/4

35 cts. 31-5/8

The market was dull and easier. LONDON RUBBER

Previous close Today's close."

Buyers

SPOT

MAY

JUNE

TOR, 1/4

JULY-SEFT.

OCT.-DEC.

43 3/4

150

1/4

20 3/16

11-1/18 . 11

11-1/16

11-1/16 11 "10-7/8

10-15/16 10-13/16

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

On London

APRIL 6, 1940.

Telegraphic Transfer, 1/4 13/16] Bank Bilis, en demand 1/2 13/16 Credits 4 months' sight 1/3 1/8

On Shanghai:-

On demand

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

350

On Singapore

On demand

52 1/2

On Japan:-

On demand

09 3/4

On India:-

SINGAPORE RUBBER

Telegraphic "Transfer.

and demand

On New York:-

On Batavia:———

On Parts:

Bank Bills, on demand 91 7/8 Credits, 60 days' sight 22 3/4

On demand

Bank Bills, on demand 1085

Credits 4 months' sight 1140

.... 40 6.8

On Saigon:---

On demand

NEW YORK, APRIL 5, 1940. Previous April 4

Closing Opening Closing · Change Buyers Buyers

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

Amer, Locomotive

QUOTATION (REUTER'S SERVICIO

APRIL 5, 1940, STOCKS

Libbey-Owens-Ford Lockheed Aircraft

Last Sale

Apr... 4

Last Sale,

Apr. 4

Alleghany Steel Co.

Glass 50 37

Allied Stores

Allis Chalmers

37+

Loew's Inc. ...

381

Aluminium Ltd.

106

Loft Incorperated

371

Proprietors...iz.

$20,000,000

Amer. Can

1151

Mack Truck "Inc.

287

Head Office:-HONG KONG

American Cyanamid B.

381

| Martin, Glen L

Amer, & Foreign Power"

McKesson & Robbins, pf4 261

AmerForeign $7 pt. ...

Monsante Chemical

114

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

27}

American Gas & Elec.

381

Montgomery Ward

51.

211

National Aviation

151

Amer. Metals Co.

241.

Nat, Dairy Products

177

36-1/8 35-3/4 of 1/2 34-7/8-34-3/4 . off ' 1/4 34-1/2 34-3/8

Amer. Radiator

Nat, Distillers

Amer. Rolling Mill

National Gypsum

118

of 1/4

Amer. S'ting and R’ing Co.

National Lead

Amer, Sugar" Refining

191

Nat, Power & Light

Amer. Tel. & Tel...

National Steel Corp.

681

1741

Amer. Tobacco “B”

891

National Supply Corp.

Change

Amer. Waterworks

11}

New York Central

171

of 1/18

Anaconda Copper

301

Niagara Hudson Power ...

off 1/18

N. American Aviation

Atchison, T. &»9. Fe.

251

234

off 1/18

Auburn Motors

12"

North American. Co.

231

off. 1/16

Northern Pacific

Baltimore & Ohio..

Branches:

off 1/18

Owens-Illinois Glass Co.

Barber Asphalt "Co.'

161

82)

Amoy

Johore.

Barnsdall Ou

Factic Gas & Elec

341

Bangkok Kobe

Bangoon Saigon

Bendir Aviation

351

Factic Lighting

481

Batavia

Kowlcon San

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

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

INDIA, AUSTRALIA

"AND CHINA

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1883

Reserve Funds:

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

Sterling.

£3,000,000

...£3,000,000

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

prietors

..£3,000,00% HEAD OFFICE: LONDON:

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

Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq.,

Hon. Mr. 8. H. Dodwell, G. Miskin, Esq.,

K. B. Morrison, Esq.,

T. E. Pearce, 'Esq.,

C. C. Roberts, Esq.,

Hon. Mr. A. L .Shields,

Sir Vandeleur M. Graybarn,

Chief Manager.

38, Bishopsgate E.0.1

Sub-Agencies In London: 117/12, Leadenhall Street, ECA West End Branch; 14/16,-Cockapur Street, S.W.1. Manchester Branch: 32, Mosley Street, Manchester, £

AGENCIES AND BRANCHES:

HARDIN KONG KONG ILOILO IPOH

ALOR, STAR AMRITSAR BANGKOK BATAVIA BOMBAY CALCUTTA

PENANG

RANGOON SAIGON

SEREMBAN

TARACHI KLANG

BHANGHAI

SINGAPOR

BITIAWAN

KUALA

AGENCIES: KOM OLYN STERE FAZLIN PLACX- CANTON CAWXPOL CHU COLOMBO DELHI

HAIPHONG

BOUBABAYA

TALPING

YOKOHAMA -

LUMPUR

KUCHING

TIENTSIN

MADELE !!

ТОМСКАЯ

MANILA

(Bhuket)

MEDAN

TSINGTAO

NEW YORK

Bethlehem Steel-

80+

Packard Motora

..........

Bombay

Kuala

Bliss Co.

Pan-American Airways

241

Calcutta Lumpur Shanghai

Francisco BAMBURG ·

PIIPINO

Boeing Airplane Co.

251

Paramount Pictures

Canton

London

Singapore

Bory-Warner

24+

Pennsylvania RR.

..... 23

Chefoo

Lyons

Sourabaya

Colombo

Bridgeport Brass Corp.

12F

Phelps-Dodge

Malacca

Sungai.

Dairen

Manila

Patani

Briggs Mfg...A

231

Phillips Petroleum

3911

Foochow

Muar

Swatow

Brooklyn-Mhattan Trans. · 234

Pittsburg Coke & Iron

Brooklyn-Manhattan $8....

93*

Public Service of NJ......

Haiphong (Johora) Tientain

Bankow

Mukden Tokyo

Canadian Pacifc R'way

Pullman Inc.

281

Harbin

New York Tsingtao

Case, J.I.

Pure Oll

.101

floile

Celanese

Radio Corpn. of Am,

Ipoh

Chesapeake & Ohlo

411

Reading Company, Com

Chrysler Corpn.

894

Reading Company, 1st pfd

26*..

CERSENT

(REUTER'S SERVICE)

Climax-Molybdenum Co.

392

Remington Arms Co., Inc.

Prey. Today's High Low Close Close Change 10.69 10.60 10.64 10.83 01 off 18.31 18.23 18,32 18.19b 13 OH- 106 1042 1047

1051 57 501 "561 501 + up 13.75 13.02 13.81 13.62 01 up

Colts Patent Fire-Arms

Repubile Aviation Corp.

Columbia Gas & Hec.

Republic Steel

221

Columbia 6% "A" pl

Revere Cop. & Brass Inc.

'14

Commercial Credit Co.

464

Reynold Tobaс. "B"

424

Richfield Of

קנו *

Com, & Southern (Ord.)

Consolidated Edison

328

Safeway Stores

521

Consolidated Ou

Schenley Distillers

147

Manager.

10.64/84

"Opening Closing

Change

Continental Can

Continental Ol

Sears Roebuck

871

*23€

Shell Union Oli

12)

July

10.38/39

10.64/64 10.39/38

10.63/64

.01 off

Copperweld Steel

217

Socory-Vacunum Oll

121

10.40/40

.02 up

Corn Products.......

8031

Southern Pacific

137

July (New contract). October

10.51/51.

10.53b/54a

10.55 N

.04 up

Curtiss Wright (0.)

101

Southern Rly $8 pfd.

291

9.87/87

9.89/88

9.86/86

.01 up

Wert

Curtiss Wright "A"

Sperry

461

'December (

9.72/74

9:72/72

9.69/69**

.03 off

Deere & Co.

227

spicer Manufacturing Co. 3711

January { March

9.69/89

9.69/69

9.65" N

.04 off

Distillers Corpn. Seagrams

Standard Brands.

}

9.58 N

9.59/59*

9.55 N

,03 off

Douglas Aircraft

851

Stand Gas & Elec.

10.85 N

10.84 N

..01 of

Du Pont de Nemours

188

Standard Ofl of California 241

Eagle Picher. Lead -........

Standard On of NJ.

434

114

Eaton Mig. Co

Stone & Webster

Elec, Autolite

18.32/32

17.86/87

$17.70/72

17.55/55

16.25b/40a 17,81b'90a 17.69/69

18.19b/22a 13 of 17.71b/74a 15 off 17.50/51 17.36b/38a

.20 off

Elec. Band & Share Elec. Bond & Share $5 pf. Eleo Bond & Share $8 pt. Elec. Power & Light $7 pf.

..401

Studebaker Com

111

Swift International

631

Technicolor

157

73!

Texas Corpn.

471

Texes Gulf Sulphur

.19 oft

Fisk Rubber

151*

Timken-Axle

241

BANK OF EAST ASIA, LIMITED

17.51 N

17.32 N

.10 off

Trans-America Co.

Flintkots

201

Total sales:-1,570 pons. CHICAGO WHEAT

Gen. American Trans.

637

20th Cent. Fox.

ien." Electric

591

20th Cent. Fox. $11-pi.

Union Carbide & Carbon

May.

1043/1041 1054/105

Gen. Motors

551

8,883,93%.01

1054/105

July

1032/1038"

1044/104)

September

103/103

1041/104 104/1031

Gen. Railway Signal"

171.

Union Pacif

United Aircraft

Gen. Tire & Rubber

201

Glidden Co.

181

United Airlines Trans

231

Goodrich (B.F.)|

201

United Corpn.,

Goodrich $5 pt.

68+

United Corpn. $3 cum pf.

May

July

September

569/563 581/561 58/58 584/58)

581/57

✦ up

Goodyear Tire & Co.

241

United Gas Corpn.

58/58

unch.

Great Northern Iron Ore ..

123.

United Gas Improvement

581/581

+ up

Great Northern Rly, pfd,

U.S., Industrual Alcohol: ...

28.

WINNIPEG WHEAT -

Great Westem Sugar

27"

UB. Rubber

371

May

July

887B 90+A

89/891

891/291

Greyhound Corpn.

VA. Rubber $8 pfd.

1151

U.6. Steel

6111

Hercules Fowder. Co.

984

October ....... NEW YORK HIDES

911/911

90+/901 92 A

קטן !

Vanadium

381

Homestake Mining

574

· up

"International Harvester

554

Vultee Aircraft

101

Int Nickel

Walworth Co

Ampy

Warner Bros. Pict.

Futarin

13.81/65 13.84/85 34-3/4

* 13.68/69

13.96/94

13.82/83 13.85/26

.01 up

Int. Tel, & Tel

41*

.01 up

Johns-Manville

711

Westinghouse Elec,

34-3/4.

J, & Laughlin Steel $7 pid.

Woodward Iron Cor.

1144 27

Calenta

Haiphong

Musikka

Hankow

New York

- 3.57-3/8.

Kennecott Copper

377

Chase National Bank National City Bank

Cobe

Pintag

*--bld.

the

were

a small business. The market was steady with buyers at quoted rule but sellers disinclined to bid. American Silver was quoted at 34.3/4 for Spot.

The London New York cross- fate was quoted at 402 1/2. New Kork/London was quoted at 357. 3/8

Very dull

Market...

Sterling

A small business was done 1/2.7/&

There August. scilers at 1/2.7/8 April/July, pro- bably August and 1/2.27/32 Sep- tember/December, buyers at 1/2. 29/32 Cash and 1/27/8 Septem ber.

New York Cotton, May New York Bubber, May Chicago Wheat, May Chicago Cora, May

New York Hides, June

NEW YORK COTTON

May

Spot

Total sales Wednesday:-83,100 bales.

First notice day for cotton:-1/5/40 and last day 22/5/40.. NEW YORK BÜBBER done May early in the morning at 22.3/18 | July

US Dollars

business small

Wig

for Cash. The market closed at September

p.m. with sellers at

22.1/8 December

April, 22.1/18 May and 22 June. January buyera

at 223/16 Cash 22.1/8 first häll May and 22.1/16 June.

Shanghai Dollars

Quiet, Sellers at 160..

Shanghai Market

Quet. Sellers of Sterling at 4.1/8. for Spot and U.S. Dollars at 6.1/8 for Spot.

AFTERNOON MARKET

Miscket

The afternoon session was very

quiet.

Sterling

Wednesday's sales:-26,990,000 bushels CHICAGO CORN

No business was reported. The market closed with sellers at 1/27/8 April/July and 1/327/32 ) June August/December, buyers at 1/2. September 29/32 Cash and 1/27/8 Septem- ber..

U. S. Dollars

Sellers at 22.1/8 April; 22.16 May, 22 June and 21.15/18 July, buyers at 223/6 Cash, 22.1/8 first. balf May, 22.1/16 June July.

Shanghai Dollars

and 22

New York Official NY-London Cross Rate 3.56-5/8

SILVER MARKET

LONDON METALS

EXCHANGE

London, April 4 (Reuter).

TIN

sellers

LONDON SILVER Landon, April 4 (Reuter)., ver: Little general selling with not much demand. Business

buyers amali, Market quietly steady: In Sterling, 4.1/8. sellers for Spot the afternoon there were

£ small Standard, 'Cash 249-1/2 250 and US Dollarz 6.1/8.

buyers at the rate but no sellers. Standard, Market quietly steady.

Spot, 20-3/16d.

Shanghai Exchange

Shanghai. April 5 (Reuter),

Official T.T. Ratër

London

New York

Japan

India

Pariz

Hongkong

Forward, 20-3/186.

NEW YORK SILVER

New York, April 4 (Reuter).

Silver, Official, 34-3/4.

BOMBAY SILVER

Bombay, April 4 (Reuter).

Opening

0/4

5-7/8

23-7/8

22-1/8

2.34 26-3/4

Ready

May 1 Settlement

3 months 246-1/4 248-1/2

Lakey Foundry & Mac. .....

1039/40

-x, dív

DOW JONES AVERAGE

High Low Dow Jones Averages. Apr. 3,

155.92.121.41 30 Industrials

"35.90 94.14 20 Rails

Apr. 5, 1940, High Low Close

149.65 ∙151.15 149.56 159.41

MEY

$7.70 20.70.20 Welhoven 39.29:84.51" 40 Bonds

65.67 45.89 11 Commodity Index

31.29 37.14 3:49. 31.86 25.69 26.04 23.47 26.78 89.57

Change .76 up

,54 up

.10 up

89.77 .20 up 68,53

Business Done:-1,990,000 shares

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Market-Steady. Offtake 100 bars. 2

Indian Mint Silver

Hellers Opening Closing

0/4-1/8 0/4-1/8 0/4-3/64 0/4-1/18

0/3-15/16 0/3-81/64

June 3 Settlement

Spot

Apr.

May

U.S. Dollars

Spot

.... 6-1/8

6-1/8

April May

6-1/32

.......... 5-27/32

5-7/8

Merchant Rates

Market:—Quiet..

Sterling, 0/4-3/32

8. Dollars, $6-1/16.

Silver Duty Rate"

The Central Bank of China's

India Rupee Paper

Operating Services for Cargo and Passengers

56-01 58-09

TO-

56-11

Bombay, April 4 (Reuter). Govt. 34% Rupee, 95-04-0,

New York Exchange "

New York, April 4 (Reuter). TT. on London (Opening. Rate). 3.56-1/8.

rate on London at 10 am, today Calcutta Exchange

was 1/2-1/2.

The

Equalisation

per cent.

rate 'was 7

Calcutta, April 4 Reuter). T.T. on Japan, 88-1/2,

SWATOW, SHANGHAL, TSINGTAU, CHEFOO

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 landed.

For further particulars

please apply to

JARDINE MATHESON&Co. LTD. TELEPHONE ZOZILO GENERAL MANAGERS

Accousti opened in interest allowed at rates obtainable LOCAL CURRENUT and FIXED DEPOSIT 99 application. received for one year or shorter The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery at quoted on application.

British Income Tax overpaid, on

ALBO up to date SAFE DEPOSIT terms which may be ascertained at Boxes in various sizes To L

any of the Agencies and Branches. Hong Kong, 28th February, 1940,

R. A. CAMIDGE,

HONGKONG SAVINGS

BANK

The Business of the above Bank

THE CHASE BANK

is conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAL

& SHANGHAI BANKING COB- PORATION. Rules may be obtain-

ed on application.

For the HONGKONG & SHANGHAI BANTING CORPORATION.

V. M. GRAYBURN,

Chief Manages. Hong Kong, 25th Feb., 1539.

Authorised Capital.....10,000,000.00 Paid-Up Capital......... 5,688,600,00 Reserve and Undivided

Profits

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directors:

Bir Shopson Chow, Chairman

Li Yoon Chan, Esq. Li Lan Sang, Eag P. K. Kwok. Eaq, Wong Cha Bor Bag

Wong Tan Tong, Esq. Kan Ying Po, Rag. Chan Ching Shor, Esq. Fung Ping Wah Bay

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

Branches and Agencias :-

Kurlook Panas Singaporo ̧¡ Loudon

Bourabs Rangoon

Bombay Maila Saigon Bw.bow

Kälbourne

en Fran. Bydney

oland Beatdo Beattia TALOOGTET

Bemarang Shangha

HEAD OFFICE:

18, PINE 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

TEE CHASE NATIONAL

BANK NEW YORK, with Basaros cỂ ar U.S.$2,900,000,000.

D. M. BIGGAR,

Bacond Fios Pr

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT **

OF CHINA AS AN : *INTERNATIONAL EXCHANGE

"BANK

PAID-UP CAPITAL 840,000,000,00 (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 o our Clienta special facilities. for Domestic and Foreign Banking and Exchange.

Head Office:-SHANGHAI Hong Kong Branch:

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

Carient Accounts opened in Loos! Currency and Fixed Deposits re-

4, QUEEN'S ROAD, C. ceived for one year or shorter). South China Offices: periods in Local and Foreign Car CANTON rencies on terms which will be SWATOW quoted on application.

SHIUCHOW SAFE DEPOSIT Boxes To Las.

KAN TONG PO,

Chief Manager.

THE KWANGTUNG - PROVINCIAL BANK

(Incorpointed In (hina)

General Banking Froillules and Vinancial Agests, to' The Provincial Gorarement of Kwangtang Hand Offen-Shiukwun, kwingtung Province: Hongkong Branch - Quoen's Jildg., & Chater Hd.. Cable Addresses-"PROVINCIAL" 2839, 3443.

Telephones:

20112, 20113, 20143 20181, 31681. BRANCHES THROUGHOUT

SOUTH CHINATE Correspondents in New York and London Paid Up Capital ...... N$10,000,000. Reserve - Capital ...... N$10,500,000.

AUYANG MANLY,

KONGMOON.. TOISHAN KINGOHOW

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 MERCANTILE BANK OF INDIA, LIMITED

Head Offcai-15, Gracechurch Street, London, ECA- Authorised Capital

Sabeerbed Capital Palday Capital... Resurrs Fund and East,

BANKERS

£1,800,000

The Bank of England and Midland

Bank. Ltd. BRANCHES:

Ipoh Jation

Hoogkong Manager.

Baorkok

Bombay

Calcatta

Xoantag

Dolemba

Dashi Galle

C) Barschi

Kuala Lipis

A Job?

Consule

WANT ADS

Hongkong

Handy

・Kota Bharu

Katla Lumpur.

Mad

Kaala Tragran New York -Penang

Bangoor

Shanghai

Aingapore

HONG KONG BRANCH:

Ley desorption of Banking and Exchange business transazed.

Travailers Clargare loved

TRUSTEE AND EXECUTORSHIP :

DEKUNDERTAKEN -

UUERENT LOCOSTS Ward In Local Ou rency and FIXED DEPORTES received in Looni Ourano, SVERLING & V.8, DOLLARS en Lerche that may be poartainad on applig stion.

1940-04-06 — Page 10

Comments

Private Research Note