1940-04-20 — Page 10

JULY-SEPT. OCT.-DEC.

34-1/2 34-5/8

33-7/8 34

I

On demand

On Faris:

30 7/8

The market was idle.

LONDON RUBBER

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

APRIL 19, 1948

On London:

Telegraphic Transfer, 1/4 19/16 Bank Bills, on demand 1/2 13/18 Credits 4 months sight 1.3 1/8

On Shanghai:-

On demand

On demand

On Singapore:-

On Japan:-

On demand

On India:-

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

r

350

53 1/2

.91 1/2

New York, April 18, 1940.

SINGAPORE RUBBER'

Telegraphic Transfer. 199" 1/4

and demand

On New York:---

Bank Bills, on demand 21 1/2 'Credits, 60 days' aight 27 3/8

On Batavin: --

S. POT

Previous April 18

Closing Opening Closing Change

Buyers

Buyers

35-3/4 35-7/8 35-3/4

NEW YORK STOCK EXCHANGE®

QUOTATION

(REUTER'S SERVICE

STOCKS

Adams Express

APRIL 19, 1940 STOCKS

Lakey Foundry & Mac, Libbey-Owens-Ford

SATURDAY, APRIL 20. 1940;

Last Sale

Last Sale

Apr. 18

Apr, 18

71

41

Alleghany Steel Co.

22}

Glasa

49

Allied Stores

Sterling.

St.

Lockheed Aircraft

381

Allis Chalmers

33+

Loew's Inc......

34

Reserve Lisbility of

Aluminium Ltd.

103

Loft Incorperated

371

Proprietors

.$20,000,000

Amer. Can

1143

Mack Truck Inc.

261

'American Cyanamid B.

391

Martin, Glen L

Head Office:-HONG KONG

Amer. & Foreign Power

14

McKesson & Robbins, prq.

26

Amer & Foreign $7@pt.

244

Monsanto Chemical

114

American Gas & Elee.

351.

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

Montgomery Ward

501

Amer. Locomotive

· 191

National Aviation

15

Hon. Mr. J. J. Paterson,

Ainer. Metals Co.

214

Nat, Dairy Products

18

Amer. Radiator

81

Nat Distillers

253

unch.

Amer, Rolling Mill

15

National Gypsum

Deputy Chairman, J. K. Bousfeld, Esq.,.

101

A. H. Compton, Esq.,

43-5/8 33-3/4

up 1/8

Amer. Sting and Ring Co...

51

National Lead

201

Hon. Mr. S. H. Dodwell,

off 1/8

Amer. Sugar Refining......

22

Nat, Power & Light

8

G. Miskin, Esq.,

Amer. Tel & Tel

173]

National Steel Corp.

65

I. S. Morrison, Esq.,

Amer. Tobacco "B"

91

National Supply Corp. ......

T. E. Pearce, Esq.,

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised. Capital $60,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1813

Reserve Funds:""

Paid-Up Capital

£ 6,300,000 Reserve Fund

prietors

.....£3,000,000 ..£3,000,000

£3,000,00€

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

Chairman.

HEAD OFFICE: LONDON:

38, Bishopsgate E.0.2. Sub-Agencies in London: 117/12, Leadenhall Street, EC.

West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch: 52 Mosley Street, Manchester,

,'

AGENCIES AND BRANCHES:

ALOR STAR AMLITEAR

HARDIN

PENANG

HÙNG TONG YANGOON ILOILO,

BANGKOK

SAIGON

ΒΑΤΑΝΙΑ.

IPOH

SEREMBAN

Previous close Today's close

Amer, Waterworks.....

10

New York Central

157

C. C. Roberts, Esq.,

On Bangkok:-

On Sterling Note:-

Bank Buying Rate"

Bar Silver per ož

20 7/8

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

On Salgon:-

On demand ............. 109 1/4

On Manila:-

On demand

On demand .............

MAY

buyers

buyers

Change

Anaconda Copper

30

Niagara Hudson Power

5+

Hon. Mr. A. L. Shields,

SPO-T

11.

11

unch.

Atchison, T. & S. Fe..

22

N. American Aviation

237

Sic Fandeleur M. Grayburn,

BOMBAY " GALOUTTA

AGENCIES: CLAVE SKET

11'

11

unch

Auburn Motors

14

North American Co.

211

Chief Manager, FAIRLIN PLACE

KARACHI ELANG KOSM KUALA

SHANGHAI

SINGAPORE

SITIAWAN

SOURAMAYA

43

JUNE

JULY-SEPT.

OCT.-DEC

11

11

unch.

Aviation Corp..

71

Northern Pacific

8

CANTON

LUMPUR

TAIFING

יז.

Close

10.73/73

10.45/46

10.60 N

October

کوڈ

>

1019/19

December {

J

10.03/08

January

}

10.03 N

March

}

9.95/95

Spot.

10.90 N

18.70/70

18.43/43

18.18/19

January

18.13 N

4

U. 'S. Dollars

Li

Total sales--4,150 tons,

May

September

May.

Market Report

FROM ROZA BROS. The price for Ready Silver dropped 1/16 yesterday but the Forward rae was "unchanged, the quotations being 20.7/9 and 20.13/ 16 respectively. Silver advices

market reported the

as being featureless.

business A small was done. The market closed steady American Silver was quo- ed at 34.3/4 for Spot.

The London New York Cross- rate was quoted at 402.1/2. New York/London was quoted at 351. 1/2.

Quiet,

Market

Sterling

There were sellers at 1/27/8 April/August and 1/227/32 Sep- tember/January, buyers a 1/2. 29/32 Cash and 1/27/8 October,

U. S. Dollars

The market was steady but quiet.

NEW YORK COTTON: Bombay interest brought a fair volume of realizing sales, but price-fixing was active. The continuation of rains in the Easter belt brought some speculative buying.

NEW YORK RUBBER: There was some good commission house demand and factory accumulation of distant months on apprehen- sion of possible invasion to Netherland Indles. C.I.F. rubber today was in better supply, but 'offerings were easily absorbed. Interest in the market continues broadening.

CHICAGO WHEAT: Coincident with reports that farmers will finance. the Commodity, loans. the bulk of buying" on prospects, of a spread of war developed, which found offering limited. The market elcsed firm and active...

NEW YORK STOCKS: 147.15; Change, of 1.20.

Previous close. 148.35; 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, Jure

NEW YORK COTTON

May

July.

Quiet There were sellers at 21.11/16 Aprü, 21,5/8 May, 21.9/16 June and 21:1/2 July probably first half August, buyers at 21. 3/4 Cash. 21.11/16 May, 21.5/8 July New contract) June and 21.9/16 first half August.

Shanghai Dollars

Sellers a 361, buyers at 361.376.

Shanghal Market

Sterling sellers at 41/8 and U.S. Dollars sellers at 6 for Spot,

AFTERNOON MARKET

The market was dull in the afternoon.

Sterling

Total sales Wednesday:-84,900 bales. "

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

NEW YORK RUBBER

May. The market closed with sellers

July at 1/27/8 April/August and 1/2 September 27/32 September/January, buyers December at 1/2.29/32 Cash and 1/27/8 October.

The market closed with sellers! CHICAGO WHEAT

at 21.11/16 April, 21,5/8' May. 21.9/16 June and 21.1/2 August, buyers at 21.3/4 April, 2111/16 first half June 21.5/8 July, and

21.9/13 August.

Shanghai Dollars

Sellers a; 301..

Shanghal Market

July

Baldwin Lecometive Baltimore & Ohio

Barber Asphalt Co. Barnsdall Ol

Bendix Aviation.

Bliss Co.

Celanese

Chesapeake & Ohio Chrysler Corpn. ...... Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia Gas & Elec. Columbia 6% "A" pf.

11 11

11-1/16

up 1/18

15

Owens-Inois Glass Co....

82

Branchen:

CAWNPORE

KUCHING

TIENTS15

.11

unch.

5

Pacific Gas & Elec

331

Amoy

Jahote

151.

Pacific Lighting

4441

Bangkok

Kobe

Rangoon Saigon

111

Packard Motors

31

Batavia

Kowloon San

CEBU COLOMBO DELHI " HAIPHONG

MADBAS

TONGKAH

MANILA

(Bkuket)

MIDAN

TSINGTAO

FIW YORK

TOKOHAMA

34..

Pan-American Airways

211

Bombay Kuala

Bethlehem Steel

7B1

Paramount Pictures

7.

Calcutta

Lumpur Shanghai

Francisco HAMBURG

PHLPING

Canton

London

181

Pennsylvania K.R.

213

Singapore

Chefoo

Lyons

Boeing Airplane Co.

247

Phelps-Dodge

361

Sourabaya

Colombo

Malacca

Sungai

Borg-Warner

221

Philadelphia Read, Coal

04.

Dairen

Manila

Bridgeport Brass Corp. Briggs Mfg.

Philps Petroleum

381

Foochow

Muar

Patani Swatow

221

Pittsburg Coke & Iron

84*

Brooklyn-M'hattari. Trans. Brooklyn-Manhattan $5 Budd M'facturing Corp. Canadian Pacific R'way Case, JI

221

Public Service of NJ.

411

Bankow

98

Pullman Inc.,

251

Harbin

New York Tsingtao

41

Nailo

Pure Oil

103

51

Radio Corpn. of Am.

Ipoh

67

Reading Company,

Com

15

322

Reading Company, 1st pfd

26*

39

I

Remington Arms Co., Inc.

854

Repubile Aviation Corp.

61

32}

Republic Steel

201

801

Revere Cop, & Brass Inc...

138

611

Reynold Tobac: "B"

43

921

Richfeld Of

71

Commercial Credit Co.

451

Safeway Stores

501

Com, & Southern (Ord.)

11

Schenley Distillers

13.

Prev. Today's High Low Close Close Change

10.77 10.73 10.73 10.74 01 19.70 19.53 19.50 19.63b 13

112) 109) 1093

21 up -1117 644 824 621

.11 *14.07 13.88 14.16 13.88

Consolidated Edison

314

Sears Roebuck

36

Consolidated Ou

74

Shell Union Off

121

477

Continental. Can

| Socony-Vacunum Ol

11

up

up

..

Continental Of

221

Southern Pacife

121

Copperweld Steel

22+

Southern Rly $5 pfd.

204

Corn Products

501

Sperry

423

up

28 off

Curtiss Wright (C.))

101

Spicer Manufacturing Co. 35

& SHANGHAI BANKING COR-

Curtiss Wright. “A”

281

Standard Brands

71"

Opening

Closing

Charige

Deere & Co.

223

Stand Gas & Mec.

11

10.75/75

10.74/74

.01 up

Distillers Corpn. Seagrams

191

Standard Oil of California

224

10.46/47

10.46/48

.01 up

Douglas Aircraft

891-

Standard Oll of N.J.

40+

186

Du Pont de Nemours

Stone & Webster

10.63/63

10.81 N

.01

up

Eagle Picker Lead

117

Studebaker Com

101

Hong Kong. 28th Feb., 1939.

'10.20/20

10.16/16

.03 öff

Eaton Mfg. Co.

351

Swift "International

294

10.07/07

10.06/06

.02 of

391

Elec. Autolite

Technicolor

144

10.03/03

10.00 N

.03 of

Elec. Bond & Share

Texas Corpn.

451

9.96/95

9:93/93

..0% off

Elec. Band & Share $5 pf. 803

Texes Gulf Sulphur..

35

10.91 N

01 up

Elec Bond & Share $6 pt.

68

Timken-Axle ........

25

Ecc. Power & Light 37 pf.

301

Trans-America Co.

54

Fisk Rubber

15'

20th Cent. Fox.

92

Flintkote

181

20th Cent. Fox: $11. pf......

221

Gen. American Trans.

53

Union Bag & Paper Corp.

.2,083,281.50

171

Haiphong (Johore) Tientsin

Mukden Tokyo

Peiping Yokohama

Penang

KANKOW

་

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FLXXD DEPOSIT 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 ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and Fix DEPOSITE 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 reacies na terms which will be business, and claims recovery of quoted ou application.

British Income Tax overpaid, on

Arso up to date SAE DEPOSIT terms which may be ascertained at HOXES in various sizes To Lat 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

PORATION. Rules may be, obtain- ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

BANK OF EAST ASIA, LIMITED

5,598,800.00

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

Profits......

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 CHAGE NATIONAL BANK, New York, with Resources of ort U.8.$3,000,000,000.”

D. M. BIGGAR,

Second Vios Pras.

Manager.

19.55/55 19.50/52

Gen: Electric

371

Union Carbide & Carbon

80%

.18.75/77

19.63b 18.80/80 18.55b/601 18.53/53

13 up

Gen. Motors

533

Union Pacific

$51

.10 up

.10 up

Gen, Railway Signal

181

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

United Aircraft

50

Gen. Tire & Rubber

18)

United Airlines Trans

214

18.31/35 18.27 N

13 up 14 up

Board of Directors:

BANK OF CHINA

Glidden Co..

171

United Corpn.

21

Goodrich (B.F.)

171

United Corpn. $3 campf.

371

SIA SHOUSON Chow, Chairman

Specially Chartered by

Goodrich $5 pt.

Goodyear Tire & Co.,

Great Northern Iron Öre.

1097/1091 1092/1098 112/1111 1081/1081 1083/108) 1103/1101 1087/1084 .1081/108 1107/1102 21 up Wednesday's sales:-25,482,000 bushels. CHICAGO CORN

21 up

Great Northern Rly, pfd.

2

קט,

Great Western Sugar

Greyhound Corpn.

Hercules, Powder Co...

Homestake Mining

International Harvester

Sterling sellers at 4.1/8 and U.S. July

Dollars at $ for Spot,

September

621/62) 621/63 "638/631. 641/641

642/641 851/051 661/661

11

*******

up

Int Nickel

1

up

Inter. Paper & Power

11 up

Int. Tel. & Tel.

Johns-Manville

WINNIPEG WHEAT

J. & Laughlin Steel ST pfd.

Shanghai Exchange

May

Shanghai Apr. 19 (Renter).

Official T.T. Rates

July

October

901/901 901/901 911b 93fb

911/91 921/921 941A

1. "up

Kennecott Copper

1

up

11 up

Opening

NEW YORK HIDES

1930/40

London

"0/4

H

June

New York

5-3/4

Japan

India

23-1/2 22-1/8

September

December

Paris

Hongkong

2.94

New York Official

NY-London Cross Rate 3.48-5/8

14.16/16 14.42/43 14.70/70 34-3/4

14.04/07

13.88/88

14.34b/378 14.15/16 14.53/48

14.38/39

888

28, off

High

27 Ofr

155.92 121.41 30. Industrials

35.90 24.14 20 Rails'

32

up

27.70.20.70 20 Utilities

34-3/4 3.51-1/2"

92.22 84.31 40 Bonds

20-3/4 Mellers

Opening Closing

Spat..... 0/4-1/8 0/4-1/8"

0/4-3/84

0/4-3/84 0/3-57/64 0/3-7/8

Apr.

Mny

U.S. Dollars

Spot

$8

$8

Apr.

5-29/32

May

5-29/32 5-21/32

5-11/16

Market:Quiet,

Merchant Rates

Sterling, 0/4-3/32,

U.S. Dollars, $5-15/18

Silver Duty Bate

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

The Equalisation rate was 9-3/4

per cent.

New York Exchange

New York, Apr. 18 (Reuter),

TT, on London (Opening Rate), 3.50-3/4.

Calcutta Exchange

Calcutta) Apr, 18 (Reuter). T.T. on Japan, - 90-1/8.

SILVER MARKET

LONDON SILVER London, Apr. 18 Reuter), Silver: Market quiet and fea- tureless. Business small. In the afternoon, the market was quiet-

ly steady,

Spot, 20-7/8d. Forward, 20-13/16d.

BOMBAY SILVER Bombay. Apr. 18 (Reuter)

Oftake 25 bars.

Indian Mint Silver.

Market-Qulet.

Ready...... May 1 Bettlement

June 3 Settlement

NEW YORK SILVER

65.67 45.59 11 Commodity Index 81.32

INDO-CHINA

STEAM

NAVIGATION

COMPANY LTD.

WE BEG TO NOTIFY THE PUBLIC THAT, IN

ACCORDANCE WITH ORDERS RECEIVED,

VISITORS WILL NOT 58-02

58-03

BE PERMITTED TO

58-07

BOARD THE COMPANY'S VESSELS

New York, Apr. 18 (Reuter). Biver. Oficial, 34-3/4..

India Rupee Paper

Bombay, Apr. 18 (Reuter). Govt. 31% Rupee, 94 nominal:

IN PORT.

JARDINE, MATHESON & Co., Ltd.

TELEPHONE

30311.

GENERAL MANAGERS.

Wong Chu Son, Esq. | THE NATIONAL GOVERNMENT

Wong Tan Tong, Esq. Kan Ying ro, Esq. Chan Ching Shok, Est. Fung Ping Wah Esq KAN TONG PO, Esq., Chief Manager) LI TSE FONO, Esq., Manager

Branches and Agencies:-

Kovicon

Loudoa

Fensax Gingapore Bangoen. Sodrabaya Saigon 8watom

Melbourne San Fran. Sydney Nagnenks

cisco Tiantain Now York Bestila Vancouvar Paris

Potping

J

OF CHINA AS AN INTERNATIONAL EXCHANGE"

BANK PAID-UP CAPITAL 840,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches ID 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 Offices:--

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

or shorter CANTON year periods in Local and Foreign Cur SWATOW rencier on terms which will be SHTUCHOW quoted on application.

SAFE DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

THE KWANGTUNG PROVINCIAL

BANK

- (Incorporated in Chios) General Banking Esclities and Financial Agente to

The Provincial Government of Kwangtung: Head Ofco-Bhiukwun; Kwangtang Provinės" Boogkong Branch -Queen's Didg., & Chuter Bd. Cable Addressne="PROVINCIAL":2830, 9643. Telephones:

20112, 28113, 20143. 20181, 81681.

BRANCHES THROUGHOUT ·

SOUTH CHINA Correspondents in New York and Lomion Paid Up Capital N$10,000,000. Reserve Capital ...... N$10,500,000:

AUYANG MANLY,

Hongkong Manama,

A Job?

WANT ADS

KONGMOON TUISHAN KINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chinese Government bath at Home and Abroad.

SHOU J. CHEN,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Officer-15, Gracechurch Street, London, ECO

Authorland Capital

Subscribed Capical Paid-up Capitál Resorte Pand and Ben,

BANKERS:

£5,000,000

$1,800,000

£1,050,000

61,232,770

The Bank of England and Midiand. Bank, Ltd. BRANCHES:

Bangkok

Bombay

| Calcutta Colomby

→

Delhi GATJA Bongkang Howrah

Spok Jaffa Kuantan Kandy Karachi...

Kota Bharu

Kuznia Lápán

Kuala Lumpur

Kuala Tranggasa Mudrie

New York

Hangoon

Редиц

Shanghai

Singapore

HONG KONG BRANCH:" "Every dorption of Banking and Bucking business traumotot.

Travellers Chaques Issued, “ TRUSTEE AND EXECUTORSHIP BABY SE UNDERTAKEN

CURRENT ACCOUNTS opened In Lood Ogr. rendy and FIXED DEPOSITS resolvall ́in' Loom)· Carrency, SREELING & 5.9, DOLLABS on terms that may be ascertainad on sgpliastion, ...

D. BENSON,

Masager

631

1. United Gas Corpa,

14

Li Koon Chun, Esq. Li Lan Sang, Eng. P. K. Kwok. Eaq.

22

United Gas Improvement | 12%

141

U.S.. Industrual Alcohol

23}

2:4

US. Rubber

324

277

US. Rubber $8 pfd.

1101

15+

U.S."Steel

593

061

Vanadium

361

561

Vultee Aircraft

101

Azuay

55

Walworth Co..

52

Batavia

Bombay

Manila

301

Warner Bros. Pict.

3

Calcutta

Talphong

19

Westinghouse Elec.

112

31

Woodward Iron Cor.

261

Haokow Honolul

Habe

Semarang Shangha

09.

Chase National Bank

344*

641

National City Bank

271-

381

*-bid.

1-ex. div. DOW JONES AVERAGE

Apr. 19,, 1940.

Low Dow Jones Averages. Apr. 17, High Low Close Change

· 148,35

30 60 74.83

89 01

148.84 148 76 147.15 1.20 off 30.89 30.26 30.30 -.29 off 24.89 24.50 24.60 -23

88.92 109 off 01.00 .58 up Business Done-1,310,000 shares

off