it
On Shanghai:---
On demand ....
On Singapore:-
On "demand
On Japan:-
Closing Opening Closing Change Buyers Buyers
-SPOT
JULY-SEPT.
OOT.-DEC.
35-5/8 35-3/4 35-7/8 up 1/4
·34-1/2 34-5/8 34-5/8 up 1/8 34-1/8 34-1/4 34-1/4
up 1/8
The market was quiet but steady. LONDON RUBBER
Previous close Today's close
SPOT
MAY
JUNE
JULY-SEPT.
Buyers
10-7/8
10-7/8
10-7/8
10-13/16
Buyera
Market Closed
OCT.-DEC.
10-13/16
On demand. 93 19
and demand On New York:-
Bank Bills, on demand 29 Credits, 60 days' sight 22 7/8 On Batavia:→→
"On demand
Changeon Paris:-
NEW YORK COTTON: Higher prices ruled at the opening, due to price-fixing by both foreign and domestic spinners. The higher levels attracted realizing but a price-fixing rally occurred towards the close but this, however, was not well maintained. The weather forecast is partly favourable.
Bank Bins, on demand 1088 Credits 4 months' sight 1140
On Saigon:----
On demand
On Manila:
On Bangkok:--
On demand
The smaller and higher primary ship Bar Silver per oz. NEW YORK RUBBER: ment offerings are slowly becoming a strengthening factor.
CINCAGO WHEAT: The liquidation on the unexpected South- West rains technically improved the position, but the market is still under weather influence as moisture is still needed in the dry areas, NEW YORK STOCKS: Previous close, 150.36; Today's, close, 151.10: Change, up 74.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE).
Market Report
Silver prices were unchanged | Brooklyn-M'hattan Trans. over the week-end, the quotations | Brooklyn-Manhattan' $6. remaining at 20.1/8 for both Canadian Pacific R'way Ready and Forward. Sliver ad-Case, J.I. ........ vices were not received, American Celanese was quoted at 34.1/4 for Spot.
On India:
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
r
PAYNE & CO..
COMMODITY BROKERS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
STOCK EXCHANGE BUILDING
On London
HONGKONGTM
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
NEW YORK, APRIL 8, 1940, Previous April 6.
APRIL 8, 1940, ・・
NEW YORK STOCK EXCHANGE ·
STOCKS
Telegraphic Transfer, 1/3 13/16 Adams Express Bank Bills, on demand 1/2 13/18 | Alleghany Steel Co. Credits 4 months' aight 1, 31/8
Allled Stores
Allis Chalmers
Aluminium Ltd,
Amer. Can..... American Cyanamid B.
QUOTATION
(RECTIE'S SERVICE)
ર
263
Lakey Foundry & Mac......
Last Sale
APRIL 7 1940 STOCKS
Apr. 6
Last Sale Apr 8
#1
Starling
24}
9
Libbey-Owens-Ford Glass · 51 ". Lockheed Aircraft ...
381
Reserve Liability of
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
TUESDAY, APRIL 9, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING, CORPORATION
Authorised Capital 850,000,000
INDIA, AUSTRALIA AND CHINA
Lasued & Fully Paid-Up #30,000,000 Incorporated by Royal Charter, 1803
Reserve Funds:
Paid-Up Capital £ 6,300,000 Reserve Fund
£3,000,000
£3,000,000.
371
Loews Inc.
361
Proprietor
prietors........
.£3,000,00€
..$20,000,000
350
106"
Loft Incorperated
HEAD OFFICE: LONDON:
38
115t
Mack Truck Inc.
Head "Office:—HONG KONG
271
32 1/2
391
Martin, Glen L
451
Amer, & Foreign Power Amer & Foreign $7 pt. American Gas & Elec.
McKesson & Robbins, pid.
281
Board of Directora:" H. V. Wilkinson, Esq.,
Monsanto Chemical
113+
Telegraphic
Transfer.)
89 1/4
381.
| Montgomery Ward
554
Amer. Locomotive Amer. Metals Co.
213
National Aviation
15}
Hon. Mr. J. J. Paterson,
Deputy Chairman.
23
Nat, Dairy Products
177
Amer. Radiator
91
Nat, Distillers ......
267
Amer. Rolling Mill
151
National Gypsum
J. K. Bousfeld, Esq., A. H. Compton, Esq.," Hon. Mr. S. H. Dodwell,
Chairman.
38, Bishopsgate E.Ü.9 Sub-Arencies In London;
117/19, Leadenhall Street, E.C.a West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch:
59, Mosley Street, Manchester, 8.`
AGENCIES AND BRANCHES:
Amer, 8'ting and R'ing Co.
52
National Lead
211
G. Miskia, Esq.,
Amer, Sugar Refining
20°
Nat, Power & Light
K. S. Mcrrison, Esq.,
Amer, Tel, & Tel.
175
National Steel Corp.
681
T. E Pearce, Esq.,
Amer, Tobacco "B"
901
National Supply Corp.
81
C. G. Roberts, Esq.,
ALOR STAR AXRITHAR BANGKOK BATAVIA BOMBAY
HARDIN PENANG HONG KONG. KANGOON ILOILO ПРОВ
SAIGON
BERIMBAN
........... 108 1/4 Auburn Motors
Amer. Waterworks' Anaconda Copner Atchison, T. &.S, Fe.
11
New York Central
18
Hon. Mr. A. L. Shields,
CALOUTTA
30
Niagara Hudson Power
51
Sir Vandeleur M. Grayburn,
AGENCIES: CUVE STRI
243
N. American Aviation.
251
Chief Manager. FAILI PLACK
KAZAOK1 KLANO
XOB KUALA
SHANGHAI
SINGAPORE
SITIAWAN
SOURABAYA
11
North American Co.
23}
On demand
44.
Baltimore & Ohlo Barber Asphalt "Co.
Northern Pacific-
81"
Branches:
CANTON CAWNPORE
CEBU
LUMTUR KUCHING
MADRAS
TAIPING
TIENTSIN
TONGKAR
18
Owens-nots Glass Co.
63
Amoy Johore Rargoon
COLOMBO
MANILA
(Bhuket)
Barnsdall Ol
111
Pacific Gas & Elec
341
Bangkok
Kobe
Saigon.
150
DELHI
MEDAN
THINGTAO
Bendix Aviation
35
Pacific Lighting
474
Batavia
Kowloon San
HAIPHONG
NEW YORK
YOKOHAMA
On Sterling Notes:--
Bank Buying Rate
Bethlehem Steel'
821
Packard Motors
- 1/4
Bliss Co.
174
Pan-American Airways
20 1/8
Boeing Airplane Co.
247
Paramount Pictures
Borg-Warner
241
Pennsylvania RR,
FROM ROZĄ BROJ.
Bridgeport Brass Corp. Briggs Mfg.
12+
Phelps-Dodge
23
Phillips Petroleum
234
Pittsburg Coke & Trop
061
Public Service of NJ.
61
Pullman Inc.
701
Pure Oil
334
Radio Corpn. of Am
Chesapeake & Ohlo
41+
Reading Company,
Com
Prev... Today's
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn. May New York Hides, June NEW YORK. COTTON May
High Low 10.68 10.58 18.43 18.30 .105. 1031
1/4
571 *13.85 13.85
561
571
1041 57
.16 ap 11 off
1 off
13,60 13.80
כט 20,
+ Market Steady but quiet...
Sterling
The" London/New York cross- Chrysler Corpn. Close Close Change rate was quoted at 402 1/2 New Cumax-Molybdenum Co.
01 off York/London was quoted at 358. Colts Patent Fire-Arms 10.84 10.63 18.26 18.42
106
90
Reading Company, 1st pid
40+
Remington Arms Co., Inc.
80*
Republic Aviation Corp.
Columbia Gas & Elec,
71
Republic Steel
Columbia 6% "A" pf.
024
Revere Cop. & Brass Inc. ..
Aviation Cörp. .....
77
Reynold Tobac, "B"
Commercial Credit Co.
461:
Richfeld Of
Close
Opening
Closing
10.64/64
10.68/68
10.83/63
July
10.42/42
10.48/45
10.38/40
04 off
"July (New contract)
10.57 N
10.62 A
10.54 N
03 off
October
9.38/88
9.91/91
9.87/87
01 off
December
)
9.71/72
9.74/74
9.70/70
01 off
Change
No business was reported. There .01 off were sellers at 1/27/8 April/
August and 1/2.27/32 September January, buyers at 1/2.29/32 Cash and probably 1/2.7/8 September.
U. S. Ballars
Continental Can
Com. & Southern (Ord.) Consolidated Edison Consolidated Ou
17
Safeway Stores
321
Schenley Distillers
*
Sears Roebuck
187
Shell Union of
Continental Oll
23#
| Socony-Vacunum Of
Copperweld Steel
221
Southern Pacific
January
1
-
9.67 N
March
Spot
9.57/57
9.69b/72a 9.61/62
9.68 N
.01. off
9.56 N
10.85 N
10.85 N
.01 of unch.
May
July
September
December
January
18.26/28 18.25b/35a
17.80/80
17.81b/953
17.57/58
17.37 N
Total sales---560 tons.
CHICAGO WHEAT
105/1037 1051/1051 104/102) 105/1041
Friday's sales:-20,796,000 bushels.
1081/106
NY-London Cross Rate 3.57-3/4
LONDON STOCK EXCHANGE
May
July
September
CHICAGO CORN
May
571/971 571/57
57/57
off
July
581/591
" September
591/591
581/581 581/500
off
WINNIPEG WHEAT
May
891/891
891/89)
July
902/901
88 B
90/90
October
921/921
NEW YORK' HIDES.
June ......
13.80/60
13,60b/67a
September
13.82/83 13.90/92
New York Official.
34-3/4
13,80/80 14.02/02 unquoted. 3.58-1/4
,20
"up
41
1041/1041 1031/1031 1031/103
- 1 off 21 off 1 off
[
(REUTER'S SERVICE)
London, April 5. The following quotations are the HK. & S'hal Bank (Col. middle prices at the close of the Reg)
HK. 9'hal Bank (Ldn.
Reg.)......
Total sales Friday:--59,100 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER
17.40 N..
17.08/08
18.42/42 18 up 17.80b/84a 17.67/67 17.45b/50a 17.43 N
912/911
18 first half August, buyers at 22.1/4 Cash, 22.3/13 April, 22.1/8 May, 22.1/18 June and probably 22 July
unch. .10 up
Shanghai Dollars Business was done at 359.1/2 .05 up .08. up for Spot. There were sellers at 359.1/4, buyers at 359.1/2 for Spot.
Shanghai, Market
Sellers of Sterling at 4.1/8 for Spot and US. S. at 6.5/32 for Spot. AFTERNOON MARKET
The market was quiet in the afternoon.
Sterling
Du Pont de Nemours
Eagle Picher Lead Eaton Mfg. 00:......... Elec, Autolite
Elec. Bond & Share Elec. Bond & Share $5 pf.
Elec. Bond & Share $6 pf.
64,
Swift International Technicolor
Texas Corpn.
72" Texes Gulf Sulphur
Timken-Arie......
354" Elec. Power & Light $7 pf.
Flak Rubber |Finfkute
Gen, American Trans......... Gen. Electric
The market closed with sellers Gen. Tire & Rubber off at 1/278 April/August, and 1/2.27/ Glidden Co.
32. September/January, buyers at Goodrich (R.F.)
1 of 4/2.29/32 Cash and 1/27/8 Octo-Goodrich $5 pf...
offber. 7 po
The market closed with sellers .20 UD at 22.1/8 April, 22.1/16 May, 22 June and 21.15/16 July, buyers at 22.1/4 Cash. 22.3/16 first half Hercules Powder Co. of May, 22.1/8 May. 22.1/16 June Homestake Mining
and probably`22 July,
Shanghai DollarsTM
At the close there were sellers Johns-Manville
A small business was done
for Cash. 22.3/16
The closed with sellers at 22.1/8 April, 22.1/16 May, 22 June and
at
Corn Products
611
Southern Rly $5 pfd.
market
Curtiss Wright (C)
101
Sperry
21.15/
Curtiss Wright "A" Deere & Co. Distillers Corpn. SeagramLS Douglas Aircraft,
231
Spicer Manufacturing Co. 37
23
Standard Brands:
19
Stand Gas & Elec.g
871
Standard Oll of California
1872
Standard Of of NJ.
"111*
Stone Webster
35
Studebaker Com
402
72
15*
Trans-America Co.
218.
20th Cent. Fox.
54
20th Cent. Fox, $13 pt.
392
Union Carbide & Carbon
Gen. Motors
55%
Union Pacific
Gen. Railway "Signal
171
United Aircraft
21
United Airlines. Trans......
18+
United Corps, ༤༤༦:ནམོ ན༤-༤དམ༠ལ
201
68*
United Corpn. $3 cum p. 404* United Gas Corpn.
Goodyear Tire & Co.
24+
United Gas Emprovement" 124
U. S. Dollars
Great Northern Iron Ore ... 142 Great Northern Aly, pfd, Great Western Stigar Greyhound Corpn.
UB.. Industrual Alcohol.
*271
U.S..Rubber
27+
US. Rubber 38° pfd.
171
U.S. Steel
991
Vanadium
574
Vultee Aircraft
International Harvester
58
| Walworth Ca...
Int Nickel
342
Warner Bros. Pict.
Business was done" at 319.3/4. Int Tel. & Tel
*4.
Westinghouse Elec,
711
Woodward Iron Cor.
941
only at 339.1/2, buyers at 360 for J, & Laughlin Steel #7 pid, -661‡ Spot...
Kennecott Copper
Chase National Bank
+371
National City Bank...
934
market in London. All quotations Chinese Eng. & Mining are subject to confirmation and no responsibility is' assumed for errors. in transmission,
Shanghai Exchange
...bid.
(bearer)
19
Chosen Corporation
8/6
Shanghai Apr, & (Reuter)..
'Oficial -T.T. Kates
Pekin Syndicate ......
1/6
£
S'hai Elec. Constr. Co.
15
London
War Loan, 31% (Red
after 1952) Canton-K'loon Rly. 5% Chinese 41% Gold Loan
| 8'hal Waterworks. "A"
151
New York
Opening
0/4 5-7/8
High Low Dow Jones Averages. Apr. 5,
99-9/16 15
Union Insurance
201
Japan
23-7/8
Gula Kalumpong. Rubber" 18/9
Indig
22-1/8
32.32′ 8451 40 Bouds
*26.69 89,82
Allied Ironfounders
14
Paris
1898 (Brit, Issue)...... Chinese 5% Gold Bonds.
1925-47
58
Aasa. & Elee, Industries 39/11
Hongkong
Austin Motors, ord.
15/6
52
Cable & Wireless, New
Chin. 44% Anglo-French
Form, ord......
81
Spot
0/4-1/8
0/4-1/8
Loan,, 1908
50
B.-A. Tob, (bearer)
106/9
April
0/4-1/16
0/4-5/64
Chinese 5 Crisp Loan,
1913 (Ldn. Is.)
Chinese 5% Reorg, Loan.
1912
Mexican Eagle
1211
May
0/3-31/32 0/3-03/64.
8. 8
Cammell Laird, ord.
7/3
U.B. Dollars
Chinese 8% Ster: Noter
1925 (Vickers} \
11
Mexican Eagle
Courtaulds Distillers
Dunlop Rubber
8/7/
Spot
$6-5/32
$8-5/32
39/11
April
4-1/18
6-3/32
68/3
May
38/11
Chin. Imperial Rly. 6%.
Loan
Gen. Electric (England)
70/10
60.
Honan Rly 5%
15
Hukuang Rly. 5%. 1911...
19
Guinness (A) Son & Co. Hawker Siddeley Aire.... Bristol Aeroplane
79/3
US Dollars, $8-1/8.
12/10/ 15
5-29/32
Market:-Quiet but steady,
„Merchant Rates
Sterling, 0/4-3/32.
Sliver Duty Rate "
5-15/16
TO-
Bukuang Rly. 5%. 1911
Gertnan Issue)
Lung Tsing & U. Hal
Rly, 59% 1913
S'hal-N'King Rly. 6%
Tientsin-Pukow Rly, 5%
13
(Brit. Stpd.) Tientsin-Pukow Rly. 5%
(German Sipd.) Tientsin-Pukow Rig. 5%
(Brit.Etpd. Supl. Loan) 13 Tientain-Pukow Rs. 5%
(Ger, Btpd. Bupl. Loan) 13. Jap, 5% Ster. Loan, 1907, SOŁ Jap. 6% Ster, Loan, 1924 55 Ger. 7% Intl. Loan, 19247Z Chartered "Bank
21
སྐྱ་བ ོ
17
Imperial Chemical Ind. 32 Imperial Tobacco
118/1
Marks & Sp'cer "A" ord. 52
The Central Bank of China's rate on London' at 10 am, today was 1/2-1/2.
Rolls Royce
89/T
Leyland Motora
The Equalisation rate was 5-1/2 per cent.
41
Tate & Lyle
75 53/D
13
Turner & Newall
85/41
United Steel .........
23/3
Marsman Investments Randfontein Estates.
14
59/41
Smethwick Drop Forg.
15.
Armstrong Stevens, ord. Pressed Steel, com;'..... Vickers, ord."
16
Western Holdings .... Sub-Nigel
17/7+
**
195
17/41
Tanami Gold Mining
Bd.
17/3
| Anglo-tranian ii..
53/0
Woolworths
04/9
Burruan
71/3
Anglo-Dutch
23/3.
Shell Trans.. & Trad
91
Rub. Plant. Invest. Trust 31/3" Burma Corporation ..... Commonwealth
(bearer).
76/10
9/41
-Nominal
Mining
-ex-dividend
2.94 28-3/4 Nellers Opening Closing
1939/40
t-ex, diy, DOW JONES AVERAGE
156.92 121.41 30 Industrial»
35.90 94.14 20 Rails
Apr. 7, 1940. High Low Close Change 180.36 15134-180.27 151.10
31.89
82.11 31.89 22.08.
74 up
NEIMI
87.70 20.70 20 Utilit
88.67 45.58 11 Commodity Index. 68,84
25.97 25.78 25.03
26.ap
.94 up
99.91 .09 ap 68.89
Business Done -710,000 shares
Haiphong (Jahare) Tientsin
Mukden Tokyo
New York Tsingtao Peiping Yokohama Penang "
HANKOW
PRIPING
(Peking)"
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPOLITA received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted..on application.
SAVINGS ACCOUNT also opened in Local Currency and Starling, with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSIT "received for one year or shorter The Bank's Head Office in London perioda 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, ou
in various sizes To Lat Hong Kong, 28th February, 1940.
Also up to date SAFE DEPOSIT terms which may be ascertained at Box
any of the Agencies and Branchen.
B. A. CAMIDGE,
Manager.
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 HoNOKONG & SHANGHAI
"BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manages.
Li Lan Sang, Eay. Wong Chu Son, £14,
Li Koon Chun, Esq. P. K. Kwok. Esq. Wang Tun Tong, Esq. Kan Ying Po, Kag. Chan Ching Shok, Esq. Fung Ping Wah Esq
Kan Tong Po, Esq., Chief Manager. Li Tae Fogg, Esq., Manager.
Bombay
Branches and Agencias :—–—–—
Panen Alogspots Bourabaya Bradcar
Loudon Eangoon Manila
Melbourne San Fran. Bydney
Parly Peipiag
Bemarang Shanghai
Удобства
THE CHASE BANK
18, 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 Rates on Application.
"SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHANE NATIONAL BANK, New York, with Hasource of OTM U.S.$3,900,000,000.
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 (BRANCHES ALL OVER ÚHINA) Owing to our numerou 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 Officer:
Every description of Banking and Exchange business transacted. Loan -granted on approved securities.
Current Accounts opened in Loon! | CANTON Currency and Fixed Depositare SWATOW ceived for one year" on shorter SHIUCHOW
periods in Local and Foreign Cur rencies on terms which will be quoted on application.
HATE DEPOSIT Boxes To Lar.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
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.,LTD. TELEPHONE SOJIL GENERAL MANAGERS
KONGMOON TOISHAN
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 KWANGTUNG PROVINCIAL
BANK
(focorporated. in China)
General Banking Facilities and Financial Agunta te The Provincial Government of Kwangtang Head Office-Shiokwan, Kwangling Province Hongkong Branch-Queen's Bldg, & Chater Ed ́Cable Addresses-"PROVINCIAL” 1839, 9443.
Telephones: 20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and Leadon Paid Up Capital
Reserve Capitaj
N$10,000,000. N$10,500,000.
AUYANG MANLY,
"Hongkong Manager,
A Job?
WANT ADS
?
H
31
Bombay.
Kuala
Francisco
HAMBURG
Calcutta
24
Lumpur
Shanghai
"Canton
London
Singapore
Chefoo
Lyons
Sourabaya
23+
Colombo
Malacca
Sungei
371
Dairen
Manila
-391
Foochow
Muar
Patani Swatow
B1.
421
Bankow
Harbin
23
Iloilo
104
Ipoh
7
167
28*
44"
23
14
421
71
514
137
872
123
121
141
30
461
1
71
17
241
43#
11..
121
Hong Kong, 25th Feb., 1839.
281
151
473.
341
BANK OF EAST ASIA, LIMITED
247
6
117
24*
811
Authorised Capital......$10,000,000.00 Paid-Up Capital.......... Reserve and Undivided
Profits
5,398,800.00
2,883,032.01
97+
49+
221
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
23
Board of Directors:
11
Sir Showson Chow, Chairman
[
251
371
116
031
371
101
81
Amay
Batavia
Balgos
115
27}
Calcutta Balphing Hrnkow Honolulu **
New York Benzilo
-35*
Kabe
294*
.22 oil
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