1940-04-13 — Page 10

SPOT JULY-SEPT.

OCT-DEC

The market was steady but quiet.

LONDON RUBBER

11

MAY

JUNE

15

JULY-SEPT,

19

OCT.-DEC.

*German Issue)

17

Lung Tsing &

U. Ha!

After initial steadiness, the market declined on further hedge selling, with poor support.

Bendix Aviation

PACE 10-HONGKONG_DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, April 11 The following quotations are the middle prices at the close of the market in' London. All' quotations are subject to confirmation and no responsibility is assumed for errors in transmission.

War Loan, 31%

after 1952)

£

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

(Red

991"

15

SINGAPORE RUBBER

Canton-Kloon Rly. 5%

Chinese 44% Gold Loan

1898 (Brit. Issue)

Chinese 5% Gold Bonds..."

1925-47....

Chin. 41% Anglo-French

Loan, 1908

Chinese 5 Crisp Loan,

1913 (Ldn. Isu)

Chinese 5 Reorg. Loan,

1912

Chinese 8% Ster. Notes.

1925 (Vickers)

Chin. Imperial Rly." 5%

Loan

Honan Rly 5%

Hukuar.g Rly. 5%, 1911...

Hukuang Ry. 5% 1911

3 2 3 3

صبح به

3***

SPOT

NEW YORK. APRIL 11, 1940.

Previous April 11 Closing Opening Closing Change Buyers Buyers

N

Previous close 'Today's close

Buyers

Buyera

11-3/16

11.

11-3/16

11

11-3/18

11

11-1/8

11-1/16

10-15/16 10-7/8

NEW YORK STOCK EXCHANGE

| Alleghany Steel Co.

Aluminium Ltd.

QUOTATION

42

(REUTER'S SERVICE:

STOCKS

Last Sale

APRIL 12, 1940. STOCKS

Apr. 11

Adams Express

71

Lakey Foundry & Mac......

Last Sale Apr. 11

4

237

| Libbey-Owens-Ford

Glasa 50%

Allied Stores

8+

Lockheed Aircraft

384

Allis Chalmers

361.

Loew's Inc.

104.

Loft Incorperated

341 377

Amer. Can „

1154

Mack Truck Inc.

Ameriean Cyanamid B.

3871-

Martin, Glen L.

441

Amer. & Foreign Power ...

21

McKesson & Robbins, pfi. 281

Amer & Foreign $7 pi.

26.

Monsanto Chemical

1144

| American Gas & Elec.

361

Montgomery Ward

53+

Amer. Locomotive

201

National Aviation

147

Esa. Mr. J. J. Paterson,

Deputy Chairman.

Amer. Metals "Co. ......

333*

Nat Dairy Products

171

Amer. Radiator

Nat. Distillers

251

36 cts...

35-3/4 35-3/4 of 1/4 35 ets. 34-3/4 34-3/4 of 1/4 34-5/8 34-3/B 34-1/4 of 3/8

Amer. Roiling. Mill

16)

National Gypsum

J. K. Rousfeld, Esq., A. H. Compton, Esq.,

108

Hon. Mr. S. H. Dodwell,

Amer. S'ting and Ring Co.

534

National Lead

224-

G. Miskin, Esq.,

Amer. Sugar Reining

214

| Nat. Pöwer & Light

81

K. S. Morrison. Esq.,

Amer. Tel & Tel.

174

National Steel Corp.

675

T. E. Pearce, Esq.,.

Amer. Tobacco "B"

911

National Supply Corp....... 81

C. C. Roberts, Esq.,

SATURDAY, APRIL 13, 1940.

BANKS

SHANG

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

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

Reserve Funds:

Sterling

INDIA, AUSTRALIA

AND CHINA

Isauad & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 180s Paid-Up Capital £3,000,000 £6,500,000 Reserve Fund-

...........£3,000,000

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

prietors

.£3,000,000 HEAD OFFICE: LONDON:

Proprietors

$90,000,000

Head Office:-HONG KONG

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

Chairman.

SP

38, Bishopsgate E.0.2 Sub-Agencles In London: 117/132, Leadenhall Street, EC.a. West End Branch: 14/16, Cockapur Street, S.W.1.-

Manchester Branch:

52. Mosley Street; Manchester, 1.

AGENCIES AND BRÂNCHES:

ALOR STAR HABBIN PENANO AMRITSAR. HONG KONG LANGOON BANGKOK BATAVIA BOMBAY

ILOILO IPOA KABAURI.

BAIGON

SEREMBAN

SHANGHAI

Amer, Waterworks

101

New York Central

171

Hon. Mr. A. L. Shields,

GALOUTTA

KLANG

BINGAPORE

Change

Anaconda Copper

311

AGENOLES

Niagara Hudson Power

51

Sir Vandeleur M. Grayburn,

КОВЕ

SITIAWAN

of 3/16

Atchison, T. & 8. Fe.

231

N. American Aviation

241

:

off 3/16

Auburn Motors

11

North American Co.......

221

off 3/18

Aviation Corp.

71

Northern Pacific

83

Chief Manager. FATALIE PLACT KUALA

Branches:

CLITE STREIT

BOU BARAYA

off 3/16

Baltimore & Ohio

53

Owens-Illinois Glass Co.

629

Amoy

off 3/18

Barber Asphalt Co.

154

Pacific Gas & Elec

3+4

Bangkok Robe

Johore Rangoon

Saigon

Barnsdall Ou

117

Paciic Lighting

47}

Batavia

Kowloon San

347

Packard Motors

33

Bombay

Kuala

Rly. 5% 1913

13

S'hai-N King Rly. 5%

21

Tientsin-Pukow Rly. 5%

(Brit. Stpd.)

NEW YORK COTTON: Some selling for December by leading spot house met with persistent Trade off-take on the scale down."Boeing Airplane Co. Wall Strees is quiet,

Borg-Warner

Bethlehem Steel Bliss & Co.

812

Calcutta

Pan-American Airways an

23

Lampur Shanghai

Canton

London

17

Paramount Pictures

72

Chafoo

Lyons Sourabaya

"Singapore

261

Pennsylvania RR.

221

Colombo

Malacca

Sungei

231

Phelps-Dodge

39

Dairen"

Manila

Patani

13

Tientsin-Pukow Rly. 5%

NEW YORK RUBBER: Increasing factory interest in physicals Bridgeport Brass Corp. was noted.

121

Phillips Petroleum"

39.

Foochow

Muar

Swatow

Briggs Mig.

22

Pittsburg Coke & Iron

81*

"(German Sipd.)

13

Tientsin-Pukow Rly. 5%

(Brit. Stpd. Supl, Loan), 13

Ger, 7 Inti. Loan. 1924

Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan) Jap. 5 Ster. Loan, 1907 48 Jap. 6 Ster. Loan, 1924 531

73

13

CHICAGO WHEAT; The fallure of any important rains to materialize and reports of continued dry weather conditions ir, the South-West developed a larger demand. There was no pressure of selling except for realizing.

Brooklyn-M'hattan Trans. Brooklyn Manhattan $9.... Canadian Pacific R'way Case, JI, Celanese...

231

Public Service of N.J.

Rankow

Haiphong (Johore) Tientsin

Mukden Tokyo

101

Pullman Inc.

234

Harbin

New York Tsingtao

51

Baila

Pure 09

101

691*

Radio Corpn. of Am, ....

Ipoh

61

321

Reading Company.

Com

154

NEW YORK STOCKS: 149.98: Change, up .39.

Previous close, 149.59;" Today's close. Chesapeake & Ohio......

401

Reading Company, ist pfa 26"

Chrysler Corpn.

871

Remington Arms Co., Inc. 44...

Chartered Bank

9-3/16

H.K. & S'hal Bank (Lda.

Climax-Molybdenum Co. Colts Patent Fire-Arms Columbla Gas & Elec.

398

Republic Aviation Corp. ...

61.

80

"Republic Steel

223

61

Revere Cop. & Brass Inc.

139

Reg.)

93;

NEW YORK COMMODITY MARKET.

Columbla 6% "A" pf.

92*

Reynold Tobac. "B"

422

H.K. & Shai. Bank (Col.

Commercial Credit Co..

47

Richfeld On

ALSO up to date SAK DEPOSIT Roxes in various sizes To Lat Hong Kong, 28th February, 1940.

Ileg)

931

"(REUTER'S SERVICE)

Com, & Southern (Ord.}

14

Safeway Stores

518

Chinese Eng & Mining

(bearer)

„Consolidated" Edison

312

Schenley Distillers

137

Francisco DAMETEG

Peiping Yokobama

Penang

HANKOW

MEDAN NEW YORK' PRIFING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT Accounts opened and Fixed · Darosirs 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 ACCOURTE opened in interest allowed at rates obtainable LOCAL CURRENCY and FixED DEPOSITS 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 encies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.

terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

CANTON DAWNPORE СЕВО

COLOMBO DELHI HAIPHONG

LUMPUR

TAIPING

KUCHING

MADRAS

MANILA

TIENTSIN

TONGEAR

(Bhuket)

TSINGTAO

TOKOHAMA

19

Chosen Corporation

678

Pekin Syndicate...

2

S'hat Elec. Constr. Co.

151

S'hai Waterworks "A"

15

Union Insurance

Gula Kalumpang Rubber

Allied Ironfounders

291 18/6 14

New York Cotton, May New York Rubber, May Chiago Wheat, May Chicago Corn, May New York Hides. June

NEW YORK COTTON

Prev. Today's High Low Close Close Change 10.73 10.69 10,73 10.69 .04 off 18.75 17.58 13.68 18.72 .06 off 1077 1081 1063 1071 4 up 594 583 583 591 3 up 14.31 14.06 14.03 14.22 .19 up

Consolidated Ou Continental Can

7품..

Sears Roebuck

261

481

Shell Union Oll

12

Continental Oll

231

Socony-Vaçunum Oli

11"

Copperweld Steel

214

Southern Pacific

13

Corn Products

601

Southern Rly $5 pfd.

231

Curtiss Wright (C.) Mi......

108

Sperry

451

Curtiss Wright "A"

283

Spicer Manufacturing Co. 351*

Close

Opening

Closing

Change

Deere & Co.

23

Standard Brands

71

"Asso. " 'Elec. Iridustries

38/104

Distillers Corpn. Seagrams

18

Stand Gas & Elec.

13

Austin Motors, ord.

15/7

May

10.73/73

10.70/10

10.69/70

.04 of

Douglas Aircraft

87

Standard Oil of California - 27°

Cable & Wireless, New

Form, ord.

July

10.48/48

10.45/46

10:42/43

.06 of

Du Pont de Nemours

188

Standard Of of NJ.

431

B.-A. Tob, (bearer)

60+ 106/10

July New contract)

10.62/62

10.60b/638 - 10.58 N

.04 off

Eagle Picher Lead

12

Stone & Webster

16

October

}

9.96/96

9.95/05

9.96/96

unch.

Eaton Mfg. Co.

351

Studebaker Com,

113

Hong Kong, 45th Feb., 1939.

Mexican Eagle

12)

December (

>

9.84/84

9.83/83

9.82 N

.02 off

Elec. Autolite

401

Swift International

301

Cammell Laird, ord,

7/3

January

"

)

9.81/81

9.78b/80a

9,77 N

.04 off

Elec, Bond & Share

Technicolor

15+

Mexican Eagle

8/71

March

1

9.71/72

9.71/70

9.69 N

.02 of

Elec. Bond & Share $5 pf.

62

Texas Corpn.

463

BANK OF EAST ASIA,

Courtaulds

38/71

Spot

10.92 N

10.88 'N

.04 off

Elec, Bond & Share $8 pf.

69

Texes Gulf Sulphur-

354

LIMITED

Distillers

68/3

Dunlop Rubber

36/9

Gen. Electric (England)

79/41

Total sales. Wednesday:-40,100 bales

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

Elec. Power & Light 37 pt.

321

| Timken-Axle

244

#

Fisk Rubber

154*

Trans-America Co.

81

Funtkote

201

20th Cent, Fox,

107

Guinness (A) Son & Co.

78/3

NEW YORK RUBBER

Gen. American Trans.

531

20th Cent.' Fox, $1) pf.

221

Hawker Siddeley Airc. 12/74 Bristol Aeroplane

Gen, Electric

.39

Union Carbide

Carbon, 82-

Authorised Capital.....$10,000,000.00 Paid-Up Capital Reserve and Undivided

Profits

5,598,000.00

3,883,932.01

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 HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

THE CHASE BANK.

15, QUEEN'S ROAD, CENTRAL

An

HEAD OFFICE: "

19, PINE STREET,

NEW YORK. 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 THI CHABE NATIONAL BANK, NEW YORK, with Resources of avai [7.8.$2,000,000,000.

D. M. BIGGAB,

Second Fice Frus.

21

14/101

May

18.66/67 18.50/58

18.72/72

.00 up

Gen. Motors

543

Union Pacific

971

مسيحييد

Imperial Chemical Ind. 31/103

July

18.25/25 18.19/18

18.20/20

.05 off

Gen. Railway Signal

Imperial Tobacco

116/10

September

18.01/05

17.99/99

Marks & Spicer "A" ord.

52

December

17.86/87"

18.00/00 17.80b/85a

.01 off

Rolls Royce

89/9

January

17.84 N

- 17,78 N

,06 off

06

Gen. Tire & Rubber Glidden Co.

offGoodrich (BF.)

Leyland Motors

73/9

Total sales:-1,320 tons;

Goodrich $5. pf. ........

Tate Lyle ...

54

Goodyear Tire & Co. .......

Turner & Newall

64/6

CHICAGO WHEAT-

Great Northern Iron Ore ..

United Steel ........

22/9

May

Smethwick Drop Forg.

1061/1061 107/1067

15

Armstrong Stevens, ord.

B

July

1063/106

September

1061/106

106)/1061 1061/1061

107/107+ 108/108) 108/1061

קט 3

Great Northern Rly, pfd.

1 up

Great Western Sugar

Greyhound Corpn.

פט:

Pressed Steel, -com.

17/3

Hercules. Powder Co.

Vickers, ord..

17/3

Wednesday's sales:--27,839,000 bushels.

Homestake Mining

Woolworths"........

04

CHICAGO CORN

International Harvester

Anglo-Dutch

23

Int Nickel

Rub, Plant. Invest. Trust

30/6

May

584/58 59/59

Burma Corporation

9/9

July

601/601

Commonwealth Mining

September

611/011

591/591 804/802 817/613

Int. Tel. Tel

up Johns-Manville

up

J. & Laughlin Steel 57 brd.

Maraman Investments ...

14

Randfontein Estates

WINNIPEG WHEAT

Kennecott Copper

39/44

Western Holdings

17

May.

891/691

90/891

90 B

Sub-Nigeline

198/9

July

Tanami Gold Mining

64,

October

907/91- 921/924

9118 .83 B

# "up #up

up

Anglo-Iranian

54/45

1939/40**

Burman

70/71

NEW YORK HIDES

High Low Dow Jones Averages.

155.92 121.41 30 Industrials

Shell Trans, & Trad.

June.....

(bearer)

76/3

September

Nominal

-ex-dividend, ..

14.03/08 14.06/06 14.32/36 New York Oficial ... 34-3/4 NY-London Cross Rate 3.49-1/2

14.22/22 14.49/45 14.46/48

34-3/4 3.56-1/4

.19

ཋ

up

35.00 24:14 20 Raila

.14

£7.70 20.70 20 Utilities

up

22.22 84.51 40 Bonds

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

Public Deposits Other Deposita:-

Bankers

Other Accounts Total

Government Securities

Other Securities:-

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

London. April 11 (Reuter),

April 4

£

April 11

E

22,390

22,880

120.770

123,920

41,420

102,100

47.590 ..166,510

TO-

137.600

137.220

Discount & Advances Securities

32,1000

5,540

23.120

22,480

Total

55,280

28,020

38,810

41,800

1,260

542,440

Ratio of Reserve to Liabilities

21.02%

Price of Gold at which holdings are valued. 168/

1.220 639,420, 22.07%

168/-

Notes and Coins

Total Bullion

Notes in circulation

FEDERAL RESERVE SYSTÉM

New York, April 11 (Reuter).

April 4

April 11 (000's omitted)

Bills Bought

US. Becurities held

2,407,000

Federal Reserve Ratio

81.94%%

Federal Reserve Credit Outstanding.

2,612,000

Monetary Gold Stock

18,470,000

2,167,000 £8,06% 2,500,000 £8,523,000

Industrial Advance

10,138,000

9,675,000

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 ZOZIL GENERAL MANAGERS

Head Office:-HONG KONG No. 10 Des Voeux Road, Central.

Board of Directori:"

Bir Bhouson Chow, Chairma Li Keon Chan, Euqi" Li Lan Sang, Esq. P. K. Kwok, E Wong Can Jon, Ex. Wong Tan Tour, Esq. Kan Ting Po, Rag. Chan Ching Shok, Eaq, Fung Ping Wah Esq.

Kan Tong Po, Esq., Chief Manager.

Tse Fong, Esq., Manager.

Branches and Agencies :—

"Kowloos

Loudan.

Bombay. Mazila

Yong Singapore Bourabaya Hasroon Belgos Bwshow

Melbourne "Bat. Pran- Sydowy

sinoo Tictain

Vancouver

Peiping

Shanghai

THE

BANK OF CHINA

Specially Chartered by NATIONAL GOVERNMENT

OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPİTAL $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 our Clients special facilities for Doraestic and Foreign Banking and Exchange.

P

Head Office:-BHANGHAI Hong Kong Branch;

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

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

quoted on application.

BAYE DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

THE KWANGTUNG PROVINCIAL

BANK

(Incorporsted in Okinai

B

General Banking Facilities and Financial Agants to- The Provinsial Government of Kwangtang -Bend Ofen-Shiukwan, Kwangtung Proviice

Hengkong

3 Chator Ad,

Cable AddresOCIAL" 2030, D145. Telephones:

20112, 20113, 20143, 20181, 31681. BRANCHES THROUGHOUT SOUTH CHINA Correspondcats la New York and London Pald Up Capital ..... N$10,000,000. Beserve Capital

N$10,500,000.

AUYANG M«NLY,

Hongkong Maniger,

A Job?

Consult

WANT ADS

* QUEEN'S ROAD, C. South China Offices: CANTON -

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home jand Abroad.

SHOU J. CHEN,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offfco-15, Gracechurch Street, London, ECa Authorised Capital

23,000,000 Subcribed Capital

1,200,000 Paid-up Ongital Reserve Fund and Best,

BANKERS:

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Jadua

Kuantan

Bangkok (pok Bembay Qufcarts Odlamba Deli

Gullo

Bowh

Kandy Karschl

Kota, Bharu

· Krala Lipis Kuala Lumper

• Kuala Trengga Madene New York

Penang

Hangout

Shanghai Stal

dingspore

HONG KONG BRANCH

By desorption of Banking and Exebangs business tranNOLEKË."-

Travellers, Chequer. Linued, TRUSTEE AND EXECUTORSHIP

"E UNDERTAKEN

·OURRENT LOCCOUNTS opened in Local Car, ready and gIZED DEPOSITS received in Local GLITESOY, OFEELING & U.5, DOLLARS on tarma that may be scertained on applestion, “

D. BENSON.

* Manager

16+

United Aircraft

487

19

United Airlines Trans

213

17

United Corpo.

21

191

United Corpn. 33 cum pĹ

40

671*

United Gas Corpo.

11

23+

United Gas Improvement 124

151

U.S., Industrual Alcohol ...

25

26

U.B. Rubber

36

277

US, Rubber $8 píð.

117

16-

U.B. Steel

623

971

Vanadium

361

574

Vultes Aircraft

101

55+

Walworth Co.

AMOS

321

Betaria

Warner Bros. Pict.

34

4

Linlautta

Westinghouse

ec.

1131

Haiphong

Magszaka

72

Woodward Iron Cor.

27

67.

Chase National Bank

377.

National City Bank

347* 291*

Hankow

Koba

New York

Bhabhie

Bemarang

*-bid.

tex, div.

DOW JONES AVERAGE...

25.09

Apr. 12, 1940." Apr. 10, High Low Close 149.59 *. 160.98 149.49 149.98 31 20 31.42 31.26 31.28 25.42 25.13 25.25

Change

39 ap .08 up

89.15

85.67 45.59 11 Commodity Index 60.07

89,26 ea.93

.18 up .10 пр .16 up

Business Done -890,000 shares