1940-04-17 — Page 10

Adams Express

Alleghany Steel Co.

Allled Stores

Allis Chalmers.

Aluminium Ltd.

Amer. Can

American, Cyanamid B.

Amer, & Foreign Power

Amer

& Foreign $7 pt..... Anterican Gas & Elec.

Amer. Locomotive

Previous

April 15

Amer. Metals Co..

Closing Opening Closing Change

Buyers Buyers

35-3/8 35-3/8 35-1/2 34-3/8 34-3/8 34-3/8 33-7/8 33-7/8 33-7/8

Amer, Radiator

Amer. Rolling Mill

up 1/8 unch.

Amer. S'ting and Ring Co.

Amer, Sugar Refining.

Amer. Tel & Tel.

Amer. Tobacco "B"

..... 39 6/2

The market was quiet.

LONDON RUBBER

Previous close Today's close

SPOT

On demand

........... 108 14

MAY

buyers 11 11-1/16

buyers

Change..

10-7/8

of 1/8

Amer. Waterworks Anaconda Copper Atchison, T. & 9, Fe. Auburn Motors

...

10-15/16

of 1/8

Aviation Corp.

On Manila:--

JUNE

11-1/16

10-7/8

of 3/16

Baldwin Lecometive

On demand

42 3/4

JULY-SEPT.

11

10-7/8

off 178.

Baltimore & Ohio

On Bangkok:--

OCT.-DEC.

10-15/16

10-13/16

off 1/8

Barber Asphalt Co.

Barnsdall 011

PAGE 10-HONGKONG DAILY PRESS

4

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

APRIL 16, 1940

On London:

1

Telegraphic Transfer, 1/2 13/18 Bank Bills, on demand 1/2 13/18 Credits 4 months' sight 1,3 1/8" On Shanghai:—

On demand

On Singapore:-

On demand

On Japan:-

࿄ རྫུ བྲྀ $ པོ

On demand

On India:

Telegraphic

and demand On New York:-

PAYNE & CO.

COMMODITY BROKERS " STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

350

62 1/2

01

New York. April 15, 1940.

Transfer. La2 1/4

SINGAPORE RUBBER

Bank Bills, on demand 21 38

Credits, 80 days' sight 32 1/4

On Batavia :---

On Paris:-

On demand

Bank Bills, on demand 1088 Credits 4 months' right 1140.

On Saigon:-

SPOT JULY-SEPT.

OCT.-DEC.

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

STOCKS

APRIL 16, 1940 STOCKS

Libbey-Owens-Ford Lockheed Aircraft

Last Sale Apr. 15

WEDNESDAY, APRIL 17, 1940.

BANKS

RONGKONG & SHANGHAI THE CHARTERED BANK OF

INDIA, AUSTRALIA

AND CHINA

Issued Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 18014

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

£3,000,000 ......£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-

prietora

.£3,000,000 HEAD OFFICE: LONDON:

39, Bishopsgate E.0.9. Sub-Agencies In London: 117/132, Leadenhall Street, EC.1 West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch; 52. Moaley Street, Manchester, 1.

AGENCIES AND BRANCHES:

HARBIN

- PENANG HONG KONG MANGOON ILOILO

ALOE STAR AMRITHAR

BANGKOK

BAIGON

BATAVIA BOMBAY

ІРОН KARACHI

SEREMBAN

SHANGHAJ

<SINGAPOR

SITIAWAN

BOURABATA

LUMPUR

TAIPING

KUCHING

TIENTSIN

MADRAS,

TONGKAH

MANILA

(Bhuket)

MIDAN

TSINGTAO

Sir Vandeleur M. Grayburn,

Chief Manager.

CALOUTTA KLANG AGENCIES: KOBE

CLAVE STRKET KUALA FAX PLACE

CANTON

CAWNFORE

CEBU COLOMBO

BANKING CORPORATION

Last Sale

Apr. 15

Authorised Capital... 850,000,000

71

Glass 501

Reserve Funds:

23

41

Sterling

gi

Loew's Inc.

344

35+

Loft Incorperated

381

Reserve Liability of

103

Mack Truck Inc.

26-7

Proprietors

$20,000,000

1157

Martin, Glen L

461

391.

McKesson & Robbins, pi4.

281

Head Office:-HONG KONG

1*

Monsanto Chemical

1141

26

Montgomery Ward

513

Board of Directors:

361

National Aviation

E. V. Wilkinson, Esq.,

16

19

Nat. Dairy Products

181

23

Nat, Distillers

251

81

National Gypsum

10

161

National Lead......

212

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

Deputy Chairman; J. K. Boysfield, Ex.. A. H. Compton, Esq.,

53

Inter. Paper & Power

173

Hon. Mr. S. H. Dodwell,

213

Nat, Power & Light

8

G. Miskin, Esq.,.

1721

National Steel Corp.

67

K. S. Morrison. Esq.,

911

National Supply Corp.

81

T. E. Pearce, Esq.,

101

New York Central

161

C. C. Roberts, Esq.,

301

Niagara Hudson Power

54

Hon. Mr. A. L Shields,

2:21

N. American Aviation.

254

1.

North American Co.

217

81

Northern Pacifc

8급

151

Owens-nols Glass Co.

€3

Branches:

51

Pacific Gas & Mec

341

Amoy

151

Pacific Lighting

471

Bangkok

Johore Rangoon Kobe Saigon

114

Packard Motors

On demand............... 150

37

Batavia

Kowloon San

On 'Sterling Notes:-

The market was dull.

Bendix Aviation

35+

Pan-American Airways

232

Bombay

Kuala

Francisco

Bank Buying Rate

... 1/4

Bethlehem Steel

small

Bar Silver per oz.

90 3/4

Bliss & Co.

Boeing Airplane Co.

Borg-Warner' ....

Bridgeport Brass Corp.

Briggs Mfg.......

Brooklyn-M'hattan

Brooklyn-Manhattan $8........

Budd.. M'facturing Corp.

Canadian Pacific Rway Case, J.L

Celanese

Chesapeake & Ohlo Chrysler Cor

Climax-Molybdenum Co.

Colts Patent Fire-Arms ...

Columbis Gas & Elec.

Columbla 8 “A” pÍ.

"

11

•

Sterling

Commercial Credit Co. Com, & Southern (Ord.) Consolidated. Edison Consolidated Oli Continental Can Continental Of Copperweld, Steel Corn Products

*

Curtiss Wright (C)

Curtiss Wright "A"

Deere & Co...

Close

Opening

Closing

Change

Distillers Corpn. Seagrams

10.70/70

10.72/72

10.72/73

.02 up

Douglas Aircraft

10.43/43

10.44/44

10.44/44

.01 up

Du Pont de Nemours

10.59/59

10.59/59

10.61. N

.02 up

Eagle Picher Lead

>

10.04/04

10.04/04

10.07/07

.03 up

Eaton Mfg. Co.

December." January ( } March Spot

9.91 N

9.89/89

9.95 .N

.04 up

Elec. Autolite

9.37 N

"

{

9.77/77

9.84b/87a -8.77/77

9.90 N

...03 up

Elec Bond & Share...

9.80 N

*་

10.89 N

10.89 N

....03 "up

unch.

Elec, Bord & Share $5 pf

Elec Bond & Share $8 pf.

Elec. Power & Light $7 pf.

Fisk Rubber

Flintkote

Gen. Americah Trans.

May

18.65b

July

18.07b.

18.75/75 18.15/15

September December January

17.85/85

17.98/95

17.66/66

17.585/60a

18.82 A 18.24b 18.00b/028 17.75b/804 17.71 N

.17 up

Gen. Electric

Gen. Motors

.17 up

15 up

Gen. Railway' Sigmal

Gen. Tire & Rubber

.00

קט

Glidden Co.

.13 up

Goodrich (BF)

Total sales:-1,110 tons.

CHICAGO WHEAT

May.....

Goodrich $5 på

Goodyear Tire & Co...

Great Northern Iron Ore

1072/108

July. September

107/1064.

1084/1081 107/107

1064/1064 1073/1973

1031/1081 1072/1073 1077/1071

up.

Great Northern Ŕly, píd.

t.up

Great Western Sugar

1 up

Greyhound Corpn.

*

Hercules Powder Co

Homestake Mining

! International Harvester

the

May July

591/591

591/59)

601/601

September

61/62

601/603 619/613 821/63

7 up

Int Nickel.......

1 up Int. Tel, & Tel

1

קט

| Johns-Manville

WINNIPEG WHEAT

J. & Laughlin Steel S7 prd.

Kennecott Copper

May July

October

901/901 911/911 93 A

90/90

90 B

i off

Lakey Foundry & Mac,

918B 9312

'unch.

up

NEW YORK HIDES June 'September

13

1939/40

December

14.15b/18a 14.43/43. 14.41/43 14.62b/72a 14.65/85

.09 up

..08 up

155:98 121.41 30 Industrials

.05. up

25,90 24 14 20 Rails

34-3/4. 3.50-3/8.

27.70 20.70 20 Utilities

22.22 84.51 40 Bonds

Market Report

FROM ROZA BROS. Bliver prices dropped yesterday to the extent of 1/8 for Ready and 1/16 for Forward, the quota- tions being" 20.3/4 and 20.11/18 respectively. Silver advices re- ported speculators as having sold. A small business was done. Theį marke was steady but quiet. American Sliver 34.3/4 for Spot.

was quoted at

The London/New York cross- rate was quoted at 402.1/2 New York/London was quoted at 350. 3/8.

Market Steady for Sterling but easy for US Dollars.

There

were sellers a: 1/27/8 April/September and 1/2.27/32 October/December, buyers at 1/2. 29/32 Cash and 1/2.7/8 November. U. S. Dollars

Opened with sellers at 21.5/8 at which rate some business was done for April delivery followed by transactions at 21.7/18 July. Subsequently 21.5/8 was also ar- ranged for Cash, The market élesed at 1 p.m. with sellers at 21.0/16 Apr, 21.1/2 May, 21.7/18 June and 21.3/8 July, buyers at 21.5/8 April. probably Cash. 21.9/ 16 May, 21.1/2 June and 21.7/18 July.

Shanghai. Dollars " Opened with sellers at 360,1/2 bu subrequently business was re- 361.1/2. There were ported at probable sellers at 381.1/2, buyers at 382.

Shanghai Market Sterling business was done at 4.1/8 for Spot. U.S. Dollars opened with sellers at 6' bu, subsequently eased off to buyers at 5.31/32 før Spot.

"AFTERNOON MARKET

The market was quiet in afternoon.

Sterling The market closed with sellers at 1/27/8 April/September and 1/2.27/32 October/December, buy- ers at 1/2.29/32 Cash and 1/27/8 November.

U. B. Dollars

A small business was done at The 21.0/16 for April delivery. market closed With sellers at 211/2 April, 21,7/16 May and 31 3/8 June, probably July, buyers 21.9/16 May. at 21.5/8 Cash, 31.1/2 June and 217/16 July.

Shangbai Dollars

Bellers at 361.1/4 for Spot.

Shanghai Market

Sterling sellers at 41/8 and U.S.

Dollars sellers a; 5.15/16,

at 5.31/32 for Spot.

Shanghai Exchange

buyers

Shanghai, Apr. 16 (Reuter).

Official T.T. Rates

Opening

074 5-3/4

23-1/2

NEW YORK COTTON: The South sold a

amount but prices rallied quickly on more liberal price-Axing and on some local buying coupled with the relative scarcity of offerings.

NEW YORK RUBBER: All workable c.i.f. offerings are reported to have been taken. Prices of futures are quiet but steady.

CHICAGO WHEAT; Unfavouable European crop newa together with further reports of frost demage has attracted a great deal of attention and is becoming a major market influence, inducing fairly general buying. Prices opened higher on better cables and were easily influenced on buying orders,

NEW YORK STOCKS: 149,2; Change, ấp Đô

Previous close, 149.66: Today's close,

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May New York Hides, June NEW YORK COTTON May July

July New contract) October

Prev. Today's" "High Low Close Close Change:

10.73 10.08 10.70 10.72 .02 up 18.82 18.75 18.65b 18.32A 17 up 109 108 1077 1081 1 up

60% 594 591

601 up 14.25 14.10 14.06b 14.156 .09 up

Total sales Saturday:--29.800 bales.

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

NEW YORK RUBBER

Saturday's sales:-15,030,000 bushels.

CHICAGO CORN

14.06b/10 1410/11 14.35/35" 14.60b New York Official unquoted NY-London Cross Rate 3.52-7/8

LONDON GOLD

London, Apr. 15 (Reuter), Bar Gold, Fine per oz., 188.

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

The Equalisation rate was 9 per cent

London

New York

Japan

India

Paris

Hongkong

22-1/8

2.94 .26-3/4 Sellers

India Rupee Paper

Gpot

Opening 0/4-1/8

Apt.

May

Closing 0/4-1/8- 0/4-1/18 0/4-1/32 0/3-59/64 0/3-7/8 ́U.S. Dollar -

Spot... $5-31/32

Apr.

May

$5-15/18. **** 5-29/32 - 5-13/10 ....... 5-11/10 5-5/8

Market:-Quiet

Merchant Rates Sterling: 0/4-3/32... U.B. Dollars, $5-7/8.

Bombay, Apr. 15 (Reuter). Govt, 31 Rupec, 93-12-0.

New York Exchange

Th

New York, Apr. 15 (Reuter). T.T. on London (Opening Rate), 3.54

Calcutta Exchange

Calcutta. Apr, 15 (Reuerty.

T.T. on Japan, 89-1/2.

1134

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengers

TO-

...

SWATOW, SHANGHAI, 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 3O3II • GENERAL MANAGERS

Wong Chu Son, Esq.

Wong Lan Tong, Esq. Kan King Po, Bag. Chan Ching Shok, Eaq, Fang Ping Wah Esq

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

Branches and Agencies :—

Korloom Pensar

Batavia Bombay Daleztia Haiphong Zaskow Kenalain Kobe

Manila

Nagraks

Bingapore Saurabaya Balgen Bwatow

Rangoon

Kelbourne en Fran- Bydney.

elaos Tiantain New York Beatle VanDordr Semarang Paris. Palplog Shangtal

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

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

SAFE DEPOSIT Boxes To LT.

*EAN TONG PO,

Chief Manager.

THE KWANGTUNG PROVINCIAL BANK

Cincorporated in Ukiza)

General Banking Fazlätlas and Financial Agents to The Provincial Government of Xyangteng Head Offee--Abiulwang Kwungtung Province"

Loogkong Branch -Queen's Wildg., & Obutor Bd. Cable Addresses-"PROVINCIAL" #539, 9663. Telephones:

20112, 20113. 20143, 20182, 21881. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London Paid Up Capital N510,600,000..

Reserve Capital

N$10,500,000.

AUYANG MANLY,

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 Uhina 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 Offices:

KONGMOON TOISHAN KINGOHOW

CANTON SWATOW SKIUCHOW

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

Read Ofce-15, Gracechurch Street, London, EC.). Authorised Capital

Jab erioed Capital. Paid-up Capital .. Reserre Yund and East,

£1,800,000

£1,050, £1,252,770

BANKERS: The Bank of England and Midtang" * Bank, Ltd... BRANCHES:

Lattes

Kuantan

Hongkong Kangar

Bangkok

Ipak

Bombay

Dalentia

Colombo

Delhi

· Karachi

Galie

A job?

WANT ADS

Kandy

Kobe Bhart

Bongkeng Kuala Lipis

Howrah

Husle Lamper

Penang

Shangha

Madra

New York

flen goos

Simi

ingapore

HONG KONG BRANCH: Every description of. Banking and Exchange Travallars Chaquam' immund,

··bacinam transactud.

TRUSTEE AND EXECUTORSHIF

·UNDERTAKEN.

CURRENT 1000UNTS opened in Loon Case repty un PIXED DEFOBIES received in Lon Correndy, 82MBLING ✯ U,6, DOLLABA on termas that may be ascertained on appliastion.:

D. BENSON,

Calcutta

801

Paramount Pictures

7ཎྜ

Lumpur Shanghai

Canton

London

18

Pennsylvania R.R.

Singapore

321

Chefoo

Lyour

Sourabaya

277

Phelps-Dodge

381

Colombo Malacca

Sungei

231

Philadelphia Read, Coal

01*.

Dairen Manila

121

Phillips Petroleum

381

"Foochow

Muar

Swatow

231

Pittsburg Coke & Iron

81

Trans.

23.

Public Service of N.J.

421

Bankow

100*

Pullman, Inc.

261

Harbin

51"

Pure Ol

Iloilo

101

M

Ipoh

Penang

5+

| Radio Corpn. of Am.

61

687*

Reading Company, Com 15

337

Reading Company, 1st pfd- 26*

392

Remington Arms Co., Inc.

87

39..

| Republic Aviation Corp! .

Repubile Steel

61

213

80*

Revere Cop. & Brass Inc..

13%

B1

Reynold Tabac. "B"

43

911

Richfield Of

71.

461

Safeway Stores

504

Schenley Distillers.

139

32

Sears Roebuck

871

72

Shell Union O

12

494

Socony-Vaconum Oil

111

23

Southern Pacific

13

22:

Southein Rly $5 pfd.

28

60

Sperry

45

104

Spicer Manufacturing Co. 36

29

Standard Brands

72

224

Stand Gas & Elec.

13

187.

Standard Oll of California

234

93+

Standard 0 of NJ.

414

188

Store & Webster

07

117

Studebaker Com.

11

Hong Kong, 28th Feb., 1939.

36

Swift International

291

401

Technicolor

151

61

Texas Corpn.

478

611

Texes Gulf Sulphur

35

BANK OF EAST ASIA”,

LIMITED.

684

Timken-Axle

25+

314

Trans-America Co.

6

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

151

20th Cent. For,

101

Paid-Up Capital

5,598,600.00

201

20th Cent. Fox. $13 pl. .....

223*

Reserve" and Undivided

543

Union Bag & Paper Corp.

17+

Profita

2,883,932.01

Patani

Haiphong (Johore) Tientsin

"Mukden Tokyo

New York Tsingtao

Peiping Yokohama

NEW YORK

MIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CUMBENT 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 ACCOUNT also opened in Local Currency and Sterling with

CURRENT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED Dparts on application. received for one year or shortar The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rencica on terma which will be business, and claims recovery of British Income Tax overpaid, on quoted on application..

Also up to date SA DEPOSIT terms which may be ascertained`at Fox in various sizes To La

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

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.

R. A. CAMIDGE,

THE CHASE BANK

15, QUEEN'S BOAD, 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 in ontirely owned by THE CHASE NATIONAL BARI, NEW YORK, with Besources of cru U.S.$2,000,000,000.

D. M. BIGGAR,

Jacond Fice Pres

41

DELHI . HAIPHONG

YOKOHAMA

KAMBURG HANKOW

Manager.

38

Union Carbide & Carbon, 824

54%

Union Pacific

974

Head Office:-HONG KONG

18

United Aircraft

612

No. 10 Des Voeux Road, Central.

194

United Airlines Trans

234

BANK OF CHINA

184"

United Corpa

28.

Board of Directors:

181

United Corpn.' $3 eum pí.

39

Bir Shonson Chow, Chairman

*671

United Gas Corpn....................

14

Li Koon Chan, Esq.

Li Lan Sany, Beg,

227"

P. K. Kok. Faq.

United Gas Improvement

120

151

US.. Industrual Alcohol ...

234

262

U.S. Rubber

351

273

UA. Rubber $5 pfd.

1152

154

US. Steel

62

98

Vanadium

-271-

56

Vultee Aircraft

101

AD

Loudoa

55

Walworth Co.

54

327

Warner Bros. Pict.

31

31

Westinghouse. Elec.

72

Woodward Iron Cor.

271

64.

Chase National Bank

342*

371

National City Bank

29*

41.

•bid.

1. x. div.

DOW JONES AVERAGE

High Low Dow Jones Averages. Apr. 13, High Low Close

Apr. 161946,"

149.66

31 06

25.24

65.67 45:39 11: Commodity Index 60.28

. 89.23

Business Done -1,260,000 shares

150.87 149 20 149,72 31.90 30.00 30.98 25 30 26.07 25.13

Change 48 up .08 off

11 off

89.29

60.65

.06 up 37 up