1940-04-16 — Page 10

va

Buyers Buyers

35-5/8 35-3/8 35-3/8 35-5/8 35-3/8 35-3/8 34-1/8 33-7/8 33-7/8

buyers

11 11-1/18 11-1/16 11

יי,

were

Cash

New York Cotton. May New York Rubber, May Chicago 'Wheat, "May Chicago Cern, May New York Hides, June

NEW YORK COTTON

May July

4

July New contract) ... 10.82/62 October December January March Spot

}

}

}

done. sellers

May July September

December

January.

FROM ROZA BROS.

were

Silver prices over, the week-end,

tions remaining At

and 20.3/4

Has

Ready

Arnerican Silver

34.3/4 for Spot,

unchanged the quota- 20.7/8 for Forward. quoted at

The London/New York cross rate was quoted at 4021/2 New York/London was quoted at 352.

18.

Qulet.

Sterling

Sterling Nothing doing. There sellers at 1/27/9 April/August and 1/2.27/32 September/Dec- ember, buyers at 1/2.29/32 and probably 1/17/8 October

V. S. Dollars Easier. Opened with sellers at 21.13/18 for near, buyers bidding 21.15/16 resulting in business at 21.7/8 for Cash, 21.13/16 April

later 21.11/16 And

May The

with market closed at 1 p.m: small sellers at 21.3/4 Cash, 21.11/ 16 April. probably May,

21.5/8

June and 21.9/16 July, buyers at 21.13/18 Cash. 21:3/4 May. 21.11/

16 June and 21.5/8 July,

Shanghai Boliars Sellers at. 360.1/2. Business done at 360.3/4 for Spot.

Shanghai Market-

1.1/8 business

Sterling

US Dollars opened wh

.8 6.1/16 and later eased off, to

NEW YORK COTTON: Despite some selling in the South and qaftation worked up by price- fxing, some consider the weather unfavourable in the Eastern belt."

been NEW YORK RUBBER: There has

no selling, pressure. Eastern offerings are light and at firm prices.

CHICAGO WHEAT: Higher on weekly forecast of only light and scattered showers. Cash and commission-house Interests were good buyere but local selling and hedging checked the advance.

Previous close, 149.20; 'Today's close,

NEW YORK STOCKS: 149.66; Change, up .48.

NEW YORK COMMODITY MARKET

Total sales Friday:-58,900 bales.

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

NEW YORK RUBBER

Bendix Aviation

10-15/16

41

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

APRIL 15, 1940

On London:-

Telegraphie Transfer. 1/9/13/16 Bank Bills, an demand 1/9 13/16 Credits 4 months sight 1,3 1/8 On Shanghal;—~

On demand

On Singapore:-

......... 350

On demand"-

On Japan:-

On demand

52 1/2

92

On India:-

Telegraphic Transfer.

and demand)82 1/4

On New York:-

Bank Bills, on demand 21 1/2 Credits, 60 days' sight 22 3/8

On Batavia:--

On demand

Bank Bills, on demand 1086 Credits 4 months, right 1140

On demand......... 198 1/4

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.) ·

New York. April 13, 1940.

SINGAPORE RUBBER'

SPOT JULY-SEPT. OCT.-DEC.

* 39 7/8

On Paris:-

The market was dull.

LONDON RUBBER

On Salgon:

SPOT

MAY

On Manila:

JULY-SEPT.

On demand

43

OCT-DEC

On Bangkok:---

JUNE

On "demand'....

150

On Sterling Notes:-

Bank Buying Rate

*** 1/4

Bar Silver per oz.

90 7/8

Marker Report

Previous · April 13.

Closing Opening Closing Change

Previous close Today's close

buyers

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S (9RVICH)

STOCKS

Adams Express

American Gas & Mec.

APRIL 14, 1940, STOCKS

Lacey, Foundry & Mac.

Last Sale

Last Sale

Apr. 13

73.

Apr. 13

4*

Alleghany Steel Co. Allied Stores

23

Libbey-Owens-Ford

Olage

504

&1

Lockheed Aircraft

Sterling integ

40

Allis Chalmers

357

Loew's Lac.

34*

Reserve Liability of

Aluminium Ltd.

103

Loft Incorperated

371

Proprietors

.$20,000,000

Amer. Can

118

Mack Truck Inc.

264

American Cyanamid B. Amer., & Foreign Power Amer & Fareign $7 pl. ...

391

Martin, Glen L

484

Head Office:HONG KONG

Y

1}"

McKesson & Robbins, pfd.

281*

26

Monsanto Chemical

1141

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

381

| Montgomery Ward

521

Amer, Locomotive

19

National Aviation

15

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

Amer. Metals Co,

23

Nat Dairy Products

171

Amer. Radiator

82

Na Distillers

252

Amer. Rolling Mil

152

National Gypsum

10

off 1/4

Amer. S'ting and Ring Co. 531

National Lead

213

of 1/4

Amer, Sugar Refining

201

Nat, Power & Light

81

of 1/4

Amer. Tel, & Tel.

1734

National Steel Corp.

667

Amer. Tobacco "B"

914

National Supply Corp.

83*

Amer. Waterworks

101

New York Central

162

..." C. O. Robarts, Esq.,

Anaconda Copper

307

Niagara Hudson Power

5+

Hon. Mr. A. L. Shields,

Change

Atchison, T. & 8. Fe

227

N. American Aviation

25

Sir Vardeleur M. Grayburn,

Auburn Motors

11

North American Co.

221

Aviation Corp.

.8

Northern Pacific

B1

Market closed

Baltimore & Ohio

51

Owens-linols Glass Co.

BE

Branches:

Barber Asphalt Co.

147*

Pacific Gas & Elec

3++*

Barnsdall. Ou

111*

Pacific Lighting

47

351"

Packard Motors

34

Bethlehem Steel

80%

Pan-American Airways

231

Bombay Kuala

TUESDAY, APRIL 16, 1940.

BANKS

LL

HONGKONG & SHANGHAI THE CHARTERED BANK» OF

BANKING CORPORATION

Authorised Capital....... $30,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 20,000,000 Incorporated by Boyal Charter, 1889

Heserve Funds:

Paid-Up Capital ...... .£3,000,000 £8,500,000 Reserve Fund

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

prietors...

Deputy Chairman.

J. K. Bousfield, Esq., A. H. Compton, Esq. Hon. Mr. S. H. Dodwell, G. Miskin, Esq.,

K. 8. Morrison, Esq..

T. E. Pearce, Esq.,

£3,000,000

£3,000,00€TM HEAD OFFICE: LONDON:

38, Bishopsgate E.C.2.

Sub-Agencies In London: 117/189, Leadenhall Street, ECL West End Branch:

14/18, Cookspur Street, B.W.1. Manchester Branch:

52. Mosley Street, Manchester, 1" AGENCIES AND BRANCHES:

KARBIN

PENANG

HỒNG TỪNG TANGOON

SAIGON

BEREKBAN

ALOR STAB AMRITSAR BANGKOK BATAVIA BOMBAY

ILOILO

1P0x КАВЛОН

SHANGHAI

CALOUTTA KLANG

SINGAPOR

AGENCIES: БОБЛ CLIVE STRIN

SITIAWAN

SOURABAYA

CANTON CAWKPORN

LUMPUR

TAIPING

KUCHING

TIENTSIN

MADBAA

CEBU

TONGKAH

COLOMBO

MANILA

(Bhuket)

DELHI

MEDAN

TSINGTAO

HAIPHONG

NEW YORK

YOKOHAMA

Francisco RAMBURG

Bliss & Co.

17

Paramount Pictures

73

Calcutta

Cantou

London

Boeing Airplane Co.

271

Pennsylvania R.R.

221

Chafoo

Lyous

Borg-Warner

23+

Phelps-Dodge

384

Colombo

Malacca Sungei

Bridgeport Brass. Corp.

114

Philips Petroleum

381

Dairen

Manila

Briggs Mfg.

231

Pittsburg Coke & Iron

81-

Foochow

Musr

| Brooklyn-M'hattan Trans.

237

Public Service of N.J.

422

Brooklyn-Manhattan $6....

100*

Pullman Inc.

26

Rankow

Canadian Pacific R'way Case, JL.

54

Pure Off

104

Harbin

*68*

Radio Corph, of Am.

toile

મ

Celanese

321

Reading Company,"

Com

15

Ipoh

Chesapeake & Ohio Chrysler Corpn......

391

Reading Company, 1st pid

36*

88

Remington Arms Co., Inc.

4**

(REUTER'S SERVICE)

Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Gas & Kiée....... Columbia 6% "A" pi. Baldwin Lecometive

394

Republic Aviation Corp.....

783*

Republic Steel

212

7

Revere Cop. & Brass Inc.

141

914

Reynold Tobac. "B"

43

154

Richfeld On.

71

Prev. Today's High Low Close Close Change

10.70 10.65 10.70 10.70

unch. 18.85 18.63 18.60 18.65b .05 up 108 107 1071 1071 # up

597 59

593 591

up 14.11 14.06 14.13 14.06.07. off

Budd M'facturing Corp. Commercial Credit Co. Corn, & Southern (Ord.) Consolidated Edison Consolidated Oll Continental Can Continental 01

51*

Safeway Stores

51

464

Schenley Distillers

137

14

Sears Roebuck » ...

863

י .

314

Shell Union Ol

12

71

Socony-Vacunum. Oli

111

484

Southern Pacific

127

BANK

23

Southern Rly $5 pfd,

24

Copperweld Steel

21#

Sperry

447

Corn Products ......

-60*

Spizer Manufacturing Co.

354

Close

10.70/70 10.45/48

Opening"

10.68/68 10.44/44"

Closing

Change

D

Curtiss Wright (C.)

104

Standard Brands

77

10.70/70

unch

Curtiss Wright "A"

227

Stand Gas & Elec.

14*

10.43/43

.02 off

Deere & Co.

223

Standard Oll of California

231

10.59b/60a

10.59/59

.03 off

Distillers Corpn. Sedgrams

188

Standard Ou of N.J.

421

10.06/07 "

10.02/02

10.04/04

.03 off

Douglas Aircraft

891

Stone & Webster

91

9.93/93

9,90/90

9.91" N

.02 off

Du Pont de Nemours

188

Studebaker Com.

113

8.90/90

9.87/87

9.87 N

.03 off

Eagle Picher Lead

117

Swift International

291

Hong Kong, 25th Feb., 1938.

9.80/80

9.78/70

9.77/77

.03 of

Eaton Mfg. Co.

*351

Technicolor

151

10.89 N

10.80 N

unch.

Elec. Autolite

404

Texas Corpn.

47

Elec, Bond & Share

8

Texes Gulf Sulphur

344*

Elec, Bond & Share $5 pl.

601*

Timken-Axle .....

241

„BANK OF EAST ASIA, LIMITED

Elec Bord & Share $6 pf.

684

Frans-America · Co.

57

Elec, Power & Light ST pi.

33

20th Cent. Fox.

101

Fisk Rubber

15*

20th Cent. Fox, $11 på.

Filatkote

30

Union Carbide & Carbon

Authorised Capital......$10,000,000.00;

Paid-Up Capital

Reserve and Undivided

5,598,800,00

Chief Manager, Fazlı Place KUALA

Amoy Johore Rangoon Bangkok Kobe

Saigoo

Batavia Kowloon San

Lumpur Shanghai HANKOW

Singapore

Sourahaya

Patani Swatow Haiphong (Johore) Tientsin

Mukden Tokyo New York Tsingtao. Peiping Yokohama Penang

PEIPING

(Peking)

FOREIGN EXCHANGE and. General Banking Business transacted.

CURRENT Accours opened" and FIXED Deposits received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAYLEGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

CURRENT ACCOUNTS opened in LOCAL CORRINCY and FIXED DEPOSIT received for one year or shorter The Bank's Head Office in London perioda in Local and other Cur-jundertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.

ALBO up to date SAPE DEPOSIT terms which may be ascertained at Boxes in various sizes To LET any of the Agencies and Branches. Hong Kong. 28th February, 1940,

HONGKONG SAVINGS

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.

R. A. CAMIDGE,

Manager.

THE CHASÉ BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

16, PINE STREET,"

NEW YORK.

An American Bank offering com- pleto Foreign Banking Service in the principal Markets of the world. Interest Rates on Application..

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASK NATIONAL BANK, New Youx, with Besources of OTHE U.S.$2,800,000,000,

D. M. BIGGAR,

Second Vice Pres

18.60/02

18.38b/65a

18.35b

Gen. American Trans

534

Union Pacific

971

18.05/05

17.80/80

• 18.00b/05a 17,30/80

א 17.60

17.58 N

18.07 N 17.85/85 17.85/66- 17.58b/602"

.02 up

Profitxrate

2,883,833.01

Gen, Electric

38

United Aircraft

50+

1.

.05 up

Gen. Motors

.06 up unch...

Gen. Railway Signal

Gen. Tire & Rubber

AFTERNOON MARKET

Total sales:-590 tons.

The market was quiet in the CHICAGO WHEAT afternoon.

finishing with sellers at 1/2.7/8 September

April/August and, 1/2.27/32 Sep-

tember/December, buyers at 1/2.

29/32 Cash and probably 1/27/8 CHICAGO CORN October.

V. 8. Dollari

The market closed with sellers at 21.11/16 Apr, 21.5/8 May "and 21.9/16 June, buyers at 21. 3/4 Cash, 21.11/18 May and probably 21.5/8 Junk,

Shanghai Dollars Sellers at 351. buyers at 361.1/4 for Cash.

Shanghal Market

Sterling at 4.1/8 sellers

Spot and US Dollars easier. September buyers at 6. probable sellers at

6.31/32 for Spot

Shanghai Exchange

Shanghai, Apr. 15 (Reuter).

Official T.T. Rates

December

New York Official

NY-London Cross Rate 3.49

Glidden Co.

Goodrich (BF)

Goodrich $5 pf.

Goodyear Tire & Co.

May......

reported, July.

1071/1071

1061/106)

1071/1077 1064/1061

1071/108 107/1061

1 up

Great Northern Iron Ore ..

106/106

1064/1061064/106)

✈ up #up

Great Northern Rły, pfd, Great Western Sugar

Friday's sales:--20,093,000 bushels.

Greyhound Corpn. a...

Hercules Powder Co.

Homestake Mining

+1

May

591/591 591/591

July

601/804

September

61/613

591/591 604/601 811/02

4 up

International Harvester

i up

Int Nicker

up Int. Tel, & Tel

Johns-Manville

WINNIPEG WHEAT

J. & Laughlin Steel #7 pid. Kennecott Copper

May July October

90/90 911/911 927/93

801/90

901/901 911/921 93 A

up

קט ! סטר

1939/40

NEW YORK HIDES

for June

14.14/13 14.41/41 14.64 N 34-3/4

14.11/10

14.38/36 14.64/83

14.08b/10a 14.35/35 14.60 b unquoted 3.52-7/8

07 off

35.90 24 14 20 Rails

.06 of

37.70 20.70 20 Utilities

39.22 84.51 40 Bonds

.04 off

buyers at 6.1/32 for Spct.

No

Sterling

business was

Londor New York

Japan

̈Indla

Parls

Hongkong

8pol

Apr.

May

Spot

ADT,

May ....

RUMOURS

LONDON, April 15 (BW)-Our-

FOOD SHORTAGE

Opening

0/4 5-3/4

24-1/2 22-1/8 2.94 28-3/4

Nellers

Opening Closing 0/4-1/8 0/4-1/8 0/4-5/64 0/4-1/18 0/3-31/32 .0/3-59/64 U.S. Dollars

$8-1/16

6

5-13/16-

Market: Uncertain.

Merchant Rates

Sterling, 0/4-3/32,

U.S. Dollars, $5-15/16.

$5-31/32 5-29/32

NEW 105. NOTES IN CIRCULATION

1:

Lt Lao Sang,, Eng. P. K. Kwok, Esq.) Wong Che Son, Esq. Wang Inn Tong, E. Kan Ying Po, g, Chan Ching Shok, Esq. Fang Ping Wab Eag

Kan Tong Po, Esq., Chief Manager. Li The Fong, Raq,, Manager.

Branches and Agencias :-

Kartoon

Loodus

PREMIX Mngapore Bangoon Sograbaya Salcom Blow.

Melbourne San Fran. Sydney Narsaka

dison tantas New York Bextile

Peplor

STACART

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK PAID-UP CAPITAL $40,000,000.08 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the Wurld, 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' BOAD, O. South China Offices:

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

Current Accounts opened in Local | CANTON Currency and Fixed Deposits re-SWATOW ceived for one year or shorter SHLUCHOW periods in Local and Foreign Cur rencies on terms which will be quoted on application.

SATE DEPOSIT Boxes To LaT.

KAN TONG PO,

Chief Manager.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

TO-

LONDON, Apr. 4 ((By Air Mall) rency has been given in the -The new mauve 10s, notes were Italian press to the report that put into circulation yesterday by Operating Services for Cargo and. Passengers - lowing to the German invasion or the Bank of England. They are Norway, and the occupation of much less bold in appearance Denmark, there is a grave shorthan the previous russet Issue and tage of food in Britain,"

It was added that it had be

to immediately butter, eggs and mar

come necessary ration

garine....

are smooth to the "touch. Some Cashiers think that the new note would not be so easy to

dis- tinguish in an indifferent light The perpendicular. "thread" line running through the left-hand The facts are that the butter side of the hote is easily felt, but ration 5-11/16

increased about a can only be seen when the note is fortnight ago to eight onces held up to the light. weekly, per person, and as already The new 21 notes were issued announced. It was officially stated as the end of last week. immediately after Denmark was occupied that there was no inten-

Silver Duty Rate:

The Central Bank of China's rate on London at 10 am, today was 1/2-1/2.

per cent.

The Equalisation rate was 9-3/4

was

on of reducing ration.

" ta

Mar-time past,

sarine is not rationed. and there there is no

is no intention of rationing it. them,

are unrationed and intention to ration

Exes, which are at present chea- Since April 9, pork has been per than they had been for some free of ration.

SWATOW, SHANGĦAL "TSINGTAU, CHEFOO

and TIENTSIN. KOBE sad

OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN

*HAIPHONG

All steamors berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.

For further particuları

please apply to

HARDINE MATHESON&Co., Lrn TELEPHONE ZOZIK. 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

(Incorporated in Chical

General Banking Facilities and Vininoial Agente to The Provincial Government of Kwangtang Bead Offre Skinkwan, Kwangtang Province Hongkong Branch -Qason's bidg., & Chster Ed," Cable Address—“PROVINCIAL 2030, 9448, Telephones:

20112, 20113, 20143, 20181, 21681.

BRANCHES THROUGHOUT............

SOUTH CHINA Corempanden's in New York and London Paid Up Capital N$10,000,000. Reserve Capital ............. N$10,500,000.

AUYANG -M NLY,

Hongkong Mànegar.

A job?

WANT ADS

542 United Airlines Trans

227

18

United Corpn.

24

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

184"

United Corpn. $3 cum pfi

384

172

United Gas Corpiz

13

Board of Directors:

-184

United Gas Improvement

12+

Six Shonson Chow, Chairman

68

Union Bag & Paper Corp. 107

Li Koon Chan, Esq.

227

Philadelphia Read, Opal

.10

151

U.S., Industrual Alcohol

24

25%

U.S. Rubber

353

271

UB, Rubber $8 pfd.

117

16

U.S. Steel

613

962

Vanadium ut

36

』

674

Vultee Aircraft.

104

Amoy

Batavia

543

Walworth Co.

54

Bombay

Mazda

324

Warner Bros. Pict.

31

Onlotta

Halphong

3*

Westinghouse. Elec.

1131

Hatikow

.714

66

372

Woodward Iron Cor. Chase National Bank National City Bank

27

Bogolulu Parb Kobe

Shanghai

344*

28* 3

bld.

t-ex div. DOW JONES AVERAGE

Apr. 14, 1940,

High Low Dow Jones Averages. Apr. 12, High Low Close 155.92 121.41 30 Industrials

Change.

149.20 3107

26.30

69.18

65,67 45.09 11 Commodity Index 60.17

149.90 14909 149.66

31.13 81.03 31.06 01 off 20 20- 25,20 25.24.

04 up 69.23

03-up 60,28 .11 up

48-up

Business Done :—600,000 shares.