35-3/4 35-7/8 36 cts. 34-5/8 34-3/4 34-3/4 33-3/4
34 33-7/8
וי
The market was steady. LONDON RUBBER
Previous close Today's close
buyers
buyers
11
11
11-1/18
11-1/8 11-1/18
H
May
July
September
December
On Sterling Notes:-
Bank Buying Rate
...,1/4
Bar Silver per oz.
Market Report
.. 20 7/8
FROM KOZA BROS Silver prices were unchanged over the week-end, the quotations remaining at 20.13/16 for Forward American and 20.7/8 for Ready. Silver was quoted at 343/4 for Spot..
The London/New York cross- New rate was quoted at 402.1/2, York/London was quoted at 353.
Market
Steady.
Sterling
There were sellers at 1/2.7/8 April/September
and
NEW YORK COTTON: "A broad demand developed after the opening call under a moderate amount of new speculative purchases. The South, and Bombay interests were small sellers. The weather in the Eastern belt is now less favourable than formerly.
NEW YORK RUBBER: A feature was the switching from near to distant months. The Trade bought near the close with dealers hedging against shipment purchases.
CHICAGO WHEAT:
Rains and cooler weather in the South- West caused an early easiness, but there has been. no pressure, ex- cept by local interest evening-up. Prices rallied later on some re- placement of sold out lines on further reports of frost damage.
NEW YORK STOCKS: Previous close,, 146.80; Today's close, 147.67; Change, up .87,
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE) "
1/2.27/32 New York Cotton, May October/December buyers at 1/2-New York Rubber; May
29/32 Cash 1/2.7/8 December.
U.S. Dollara
A small business was done at 21.3/4 for May delivery. The market closed at 1
with p.m. sellers at 21.13/16 Cash, 21374 April, probably May, 21.11/16 June and probably 215/8 July, buyers at 21.7/8 Cash, 21.13/18 first half May. 21.3/4 June and probably 21.11/18 July.
Shanghai Dollars Sellers at 461 for Spot.
Shanghal Market
Sellers of Serling at 4.1/8 for: Spot and U.S.& at 0.1/32 for Spot Quietly, steady.
Chicago Wheat, May Chicago Corn, May New York Hides, June NEW YORK COTTON
May July July (New contract) October (...) December
> January ( } March Spot
Total sales Friday:-44,300 bales.
First notice day for cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 22, 1940...
On London:-
Telegraphic Transfer. 1/2 13/18 Bank Bills, on demand 1/2 13/16 Credits 4 months' sight 1.3:1/8
On Shanghai:-
On demand
On Singapore:-
**** 350
On demand ............... 59 1/2
On Japana
On demand
On India:-
Telegraphic Transfer 182 1/4
and demand. ............................)
On New York:-
Bank. Bills, on demand 21 5/8 Credita, 60 days' sight 29 1
On Batavia:-
PAYNE & CO.
COMMODITY » BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, April 20, 1940.
SINGAPORE RUBBER
SPOT JULY-SEPT. OCT.-DEC.
On demand
40 1/8
On Paris:-
Bank Bills," on demand 1085
Credits 4 months' sight 1140
SPOT
On Saigon:-
MAY
On demand
208 1/
JUNE
On Manila:-
JULY-SEPT.
On demand
On Bangkok:-
On demand
43 1/4.
OCT.-DEC.
Previous April 20
Closing Opening Closing Change » Buyers Buyers
NEW YORK STOCK EXCHANGE
Adams Express
QUOTATION
APRIL 21, 1940 STOCKS
TUESDAY, APRIL 23, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OP
BANKING CORPORATION
INDIA, AUSTRALIA
(REUTER'S HERVICE)
STOCKS
Last Sale
Last Sale
AND CHINA
Apr. 20
Apr 20
Authorised Capital... $80,000,000,
7
Kennecott Copper .....
361
Alleghany Steel Co.
4221
Lakey Foundry & Mac......
4"
Allled Stores
81
Libbey-Owens-Ford
Glass
Sterling
49
Allis Chalmers
331
Lockheed Aircraft ............
401
Reserve Liability of
Aluminium Ltd
1001
Loew's Inc.
34
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 188
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund
**
.£3,000,000
£3,000,000
£3,000,001
Proprietors
..$20,000,000 |
Amer. Can
115)
Loft Incorperated
344
HEAD OFFICE; LONDON:
American Cyanamid B.....
392
Mack Truck Inc,
+251
Bead Office:-HONG KONG
Amer. Foreign Power
11
Martin, Glen I
454
Amer & Foreign $î pt.
254
McKesson & Robbins, pid.
251
American Gas & Elec.
35*
Monsanto Chemical
113
Board of Directors: H. V. Wilkinson, Esq.,
Amer. Locomotive
193
Montgomery Ward
50%
Amer. Metals Co.
*22
National Aviation
143
Amer, Radiator
81
Nat, Dairy Products
181
Amer. Rolling Mill
157
Nat. Distillers.......
251"
up 1/8
Amer. S'ting and 'ing Co.
51
National Gypsum
101
unch..
Amer, Sugar Refining
224
National Lead ........
Hon. Mr. S. H. Dodwell,
201
จ
up 1/8
G. Miskin, Esq.,
Amer. Tel, & Tel.
174
| Nat. Power & Light
8
K. 8. Morrison, Esq.,
Amer. Tobacco "B"
90%
National Steel Corp.
85
T. E. Pearce, Esq.,
Chairman, «
Hon. Mr. J. J. Paterson,
Deputy Chairman. J. E. Bousfeld, Esq., A. H. Compton, Esq.,
38, Bishopagate E.0.2.
Sub-Agencies In London:
117/122, Leadenhall Street, E.Ç.A.
West End Branch:
14/18, Cockspur Street, S.W.1. Manchester Branch:
62, Mosley Street, Manchastor," 2.
AGENCIES AND BRANCHE8:
KAREIN PENAKO HONG KONG MANGOON ILOILO
ALOR STAR AMRITSAR BANGKOK MATAVIA
ΙΡΟΗ
HAIGON
Amer, Waterworks
10
National Supply Corp.
8
Q. O. Roberts, Esq..
BOMBAY
Change
Anaconda Copper
31
New York Central
181
Hon. Mr.. A. L. Shields,
Atchison, T. & S. Fe.
22+
Niagara Hudson Power
5
"Auburn Motors
11
N. American Aviation......
24
Market closed
Aviation Corp.
71
North American Co.
22
Baldwin Lecometive
15+
Northern Pacide
白醬
Baltimore & Ohlo
+1
Owens-nois Glass Co.
621
Amoy
Branches: Johore
Sir Vandeleur M. Grayburn,
Chief Manager.
GALOUTTA
AGENCIES: FODE
OLITE STAT
LUMPUR KUCHING MADBAR
FAIRLIK PLACE
Barber Asphalt Co.
141
Pacific Gas & Elec
33
Bangkok Kobe
Rangoon Saigon
CANTON CAWNPOEM CEE COLOMBO DELHI
MANILA
MEDAN
Barnsdall ON
Bendix Aviation
Bethlehem Steel
Bliss & Co.
Boeing Airplane Co.
Borg-Warner
Bridgeport Brass Corp.
Briggs Mig.
Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $6....
Budd M'facturing Corp. Canadian Pacific R'way
Case, JI
Celanese
Chesapeake & Ohio
Chrysler Corpn.
Prev. Today's High Low, Close Close Change
10.75 10.75 10.89 "10.71
.04 up 10.77 19.68 19.77 19.58 .19 off
1101 1111
1107 1114 + LD 65 64 651 641 + up 14.08 13.99 13.93 13.99 .06 up
Climax-Molybdenum Co... Colts Patent Fire-Arms Columbia Gas & Elec...... Columbia 6% “A” pÍ. ... Commercial Credit "Co.
Com, & Southern (Ord) Bell Aircraft Corp. Consolidated Edison Consolidated O Continental Can
Continental Ou
Close
10.71/71 10.70/69 10.43/44 10.42/42
Opening
Closing
Change
Copperwald Steel
10.75/75
.04 up
Com Products
10.48/48
.05 up
Curtiss Wright (0)
10.59/59
10.57/57
10.64 N
:05 up
Curtiss-Wright “A”
10.09/09
10.08/08
10.14/14
05 up
Deere & Co./......
9.98/98
9.96/96
10:03 N
.05 up
Distillers Corpri Seagrams
9.93 N
0.91/91
9.98 N
05 up
Douglas Aircraft
}
9.85/85
9.82/82
9.89/89
.04 up
Du Pont de Nemours
10.87 N
10.91 N
.04 up
Eagle Picher Lead
Eaton Mfg. Co.
Mec. Autolite
Elec, Bond & Share
Elec. Band & Share $5 pf. 603*
Business was done at 1/2.29/32 | January
for April and May. The market
closed
with sellers at 1/2.29/32
April and 1/2.1/8 October, buyers CRICAGO WHEAT
at 1/2.15/16 Cash, and probably May
1/2.29/32 September.
U.S. Dollars Some business was done at 21.7/8 for Cash and 21.13/16 first half
September
of May. The market closed with May sellers at 21.13/18 April, 21.3/4 July May, 21.11/16 June, and 21.5/8 July, with small buyers at 21.7/8 Cash. 21.13/16 May 21.3/4 June and probably 21.11/16 July.
Shanghai Dollars
Sellers at 381.1/4
Shanghai Exchange.
Shanghai, Apr. 22 (Reuter).
Official T.T. Rates
WINNIPEG WHEAT May July October
New York Official
NY-London. Cross Rate 3.51
19.77/77 19.00/02 - 18.87b 18.47/47 18.42 N
19:60b/75a
19.58/60
.19 off
. 18.98/99 18.67/70
19.08/08
.08 up
Elec. Bond & Share 38 pr.. 68* Elec. Power & Light 37 pf. 32
-18.72/74
..05 up
Fisk Rubber
18.50/50
.03 up
Flintkote
18.44 N
02 L
Gen. American Trans.
Total sales:-1,240 tons.
Gen. Electric
Gen. Motors
July
September
1107/1101 1104/1102 1113/111 1097/1094 109/1091 1091/1094 1092/1093 1097/109) 110/1097
Gen. Railway Signal
up
Gen. Tire & Rubber
+ up
up
Glidden Co,
Goodrich (B.F.)
Friday's sales:-37,595,000 bushels. CHICAGO CORN
Goodrich $5 pr.
Goodyear Tire & Co.
841/648 611/64
647/648
up
Great Northern Iron Ore
654/85+
851/851
+ up
Great Northern Rly, pfds
681/661
661/881
UP.
Great Western Sugar
Greyhound Corpn.
91 b 921/921 941b
01/01
011/011
unch
Hercules Powder Co.
921/927
up
Homestake Mining
944A
*International Harvester
up
Int Nickel
NEW YORK HIDES Juné
Inter. Paper & Power .....
13.93/95
September
14.21/24
December
14.45 N
34-3/4
Opening
* 0/4
5-3/4
23-1/2
22-1/8 2.94
NEW MARKETS FOR
26-3/4
13.92b/98a 13.99/99 14.21/22 14.25/26 14.45b/50a 14.48 N
unquoted. 3.53
.00 up
Int. Tel. & Tel
.04 up
Johns-Manville
.03 up
1. & Laughlin Steel-$7 pfd.
155.82 121.41 20 Industrials
35.90 24.14 20 Rails
97.70 20.70 20 Utilities
Steadler,
Market
Sterling
London
New York
Japan
Indla
Parla
Hongkong
Spot .....
0/4-1/8
Apr.
May
Spot Apr.
May
Nellers
0/4-1/16 0/4-5/84
BRITISH CARS
WASTE SALVAGED FOR WAR PURPOSES
LONDON, April 12 (By Air Mali)
.The motor industry deserves weli of the Chancellor of the Ex--Salvage work throughout the Opening Closing
chequer for its support of 0/4-1/8
the country during the four months balance of trade. Since Septem-from November last to February ber imports have ceased, while has meant a saving of £139,225 exports of British cars and com- in materials usually consigned to mercial vehicles have averaged the dustbin, but useful in war, 1,000 a week.
Mr. J. C. Dawes, Deputy Con-.
0/3-29/32 0/3-29/32
1.8." Dollars
$8-1/32- $8-1/32
5-31/32
5-11/16
Market:Quiet.
oferchant Rates
Sterling, 0/4-3/32.
US. Dolara. #5.
5-31/32
5-11/16
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 9-3/4
per cent
US, PLANE PRODUCTION
22.22 8451 40 Bonds
65.67 45.59 11 Commodity Index 61.68
Haiphong (Johore) Tientsin
Penang
Tsingtao Yokohama *
HAIPHONO NEW YORK
HANKOW
PRIPING
FORMIGN EXCHANOR and General Banking Business transacted.
CURRENT Accounts · opened and FIXED DEPOSITS received for Ona 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 ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENOT and FIXED DEPOSITS 04, application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee rencies on terios which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
Atso up to date Sarn DEPOSIT terms which may be ascertained at Boxes in various sizes To LET any of the Agencies and Branches. Hong Kong, 28th February, 1940.-
R. A. CAMIDGE,
Manager.
BANK
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
For the HONGKONG & SHANGHAI BANKING CORPOLATION.
V. M. GRAYBURN,
Chief Manager.
Authorised Capital......$10,000,000.00 Paid-Up Capital ......... 5,598,600.00 Beserve and Undivided
Profits.......
2,963,261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
SIR SHOTSON Cxow, Chairman
Li Lan Sang, Eng.. P. E. Kwok Esq. Wong Chu Soo, Esq. Wong Yan Tong, Baq, Kan Ying Po, Pag. Chan Ching Shok, Esq. Fung Ping Wah Esq KAN TONG PO, Esq., Chief Manager LI THE FONO, Esq., Manager
Branches and Agencies:-
Penang Korloo
Bingapore Body Swałow Melbourne Han Fran. Bydney
Palping
Shangtal
Vancouver
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 rencies on terms which will be quoted on application.
SAFE CEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manageri.
INDO-CHINA
The figures for the first six war troller of Salvage at the Ministry STEAM
months, September-February, are of Supply, said at Manchester.
to
TO
NAVIGATION COMPANY LTD.
described as "most satisfactory." yesterday: "Thousands of tons of Operating Bervices for Cargo and Passengers New markets have been found, waste paper, metal, bones, and chiefly in South America.
textile, all of which are now im- balance the loss of sales in Den-portant war materials, ought to mark and Scandinavia,
be, and must be made available Our six best customers in this for our industries," period were: Australia, 12.350
In 25 towns salvage Work was units; India, 2.600; South Africa. 2,160; Malaya, 1,810; New Zealand, going on at the rate of fully £35 1,160: Eire, 1,140, ..
a year per 1,000 of the popula- tion. In 10 of them it was over
£50. More than 550 local
all-
MONEY FOR AMERICA thorities were now making month- WASHINGTON, Apr. 22 (Reuterly returns under the Ministry WASHINGTON, April 22 (Havac)-The Federal Reserve Board re-scheme; for February they were By the end of the present year veals that European citizens have expected to be to the value of the United States will have Invested over a thousand million £42,000, an increase of 40 per production capacity of 25.000 dollars in the United States un-cent, on November's figure."" planes yearly, Captain Towers, der the names of other persons Chief of the Navy Department for fear that the invaders of their
Bureau for Aeronautics, declared countries may seize their wealth. opinion that a large number came in a statement before the Senate The owners nationality is diff- from Germany and citizens of Naval Affairs Committee.
cult to trace but officials gave the countries bordering the Reich
SWATOW, SHANGHAL TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
BINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth 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., TELEPHONEDZOZILLI GENERAL MANAGERS
HEAD OFFICE:
18, PINK STAKIT,
NEW YORK An American Bank offering com- plete Foreign Banking Servios in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BANE, NEW YORK, with Resources of avij U. EI. $2,900,000,000.
D. M. BIGGAR,
Second Fios Pru
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.DE (BRANCHES ALL OVER CHINA) Owing to our numerous Braneben 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, O. South China Offices:
KONGMOON TOISHAN
CANTON SWATOW |SHTUCHOW KINGCROW
We also handle the issue of Bonde and other Public "Funds of the Chinesa. Government both at Home and Abroad.
SHOU . CHEN,
Manager.
THE KWANGTUNG. FROVINCIAL
IN BANK
%
(lachrporatul în Obios) General Banking Facilitise and Winancial Aganta tu The Provincial Goverment of Ewangtong Head Offco-Shiakwan, Kwangtung Province Hongkong Resuch-Qroon's 153dg., 5 Chater Bd. Cable Addresses-"PROVINCIAL" 2019, 2015, Telephones: 20112, 20113, 20143. 20181, $1681.
BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and London Paid Up Capital ... N$10,000,000. Reserve Capital (............. N$10,300,000.
AUYANG M-N)Y.
Hosykang Manager,
Job?
WANT ADS
111
Pacifle Lighting
44
Batavia
Kowlcon San
341
Packard Motors
31
Bombay
Kuala
Francisco
HAMBURG
801
| Pan-American Always
224
Calcutta Lumpur Shanghai
183
Paramount Pictures
71
Canton
London Singapore
BEREMBAN
KARACHI KLANG
SHANGHAI
BINGAPORE
SITIAWAN
BOURABAYA
TAIPING
TIENTSIN
TONGKAN
(Bhuket)
TAINGTAO
}
YOXDHAMA
1H
(Peking)
25+
Pennsylvania R.K.
221
Cheloo
Colombo
221
Phelps-Dodge
371
Malacca
Lyons Sourabaya
Sungai
114
Philadelphia Read, Conl
01.
Dairen Manila
Patani
Foochow Muar
Swatow
221
Phillips Petroleum
381
22
Pittsburg Coke & Iron
81"
Bankow
Mukden Tokyo
98*
Public Service of NJ,
418
Harbin
New York
51
Pullman Inc. .......
251
Iloilo
Peiping
51
Pure Off
111
Ipob
67*
Radio Corpa, of 'Am: ................
61
33
Reading Company,
Com 151
392.
867
Reading Company, 1st pfd. 27° Remington Arms Co., Inc.
381
Į Republic Aviation Corp. ..... 87
201
Republic Steel
one
211
י
B
Revere Cop, & Brass Inc.
13A
92*
Reynold Tobac. "B"
427
45)
Richfield Of
7
11
Safeway Stores
50+
287
Schenley Distillera
131
HONGKONG SAVINGS
313
Sears Roebuck
85)
77
Shell Union Oil
481
Socony-Vacunum Ol
11
231
Southern Pacific
121
244
Southern Rly $5 ptd.
27
is conducted by the HONGKONG
593
Sperry
43
104
spicer Manufacturing Ca. 35
287
Standard Brands
7
& SHANGHAI BANKING COR PORATION. Rulos may be obtain- ed on application."
221
Stand Gas & Mec.
1}
19
Standard Oil of California
228
90]
Standard Oll of NJ.
408
1881
Stone & Webster..
91
Hong Kong. 26th Feb., 1930.
11
Studebaker Com
11
341
Swift International
297
401
Technicolor
14
19
Texas Corpn.
44
BANK OF EAST ASIA, LIMITED
Texes Gulf Sulphur
347
Timken-Axle
252
Trans-America Co.
57
15°
20th Cent. Fox
19
20th Cent. Fox. $14 på. .....
214**
52
Union Bag & Paper Corp.
37
Union Carbide & Carbon
804
534
Union Pacific
954*
181*
United Aircraft
tos
181
United Airlines Trans
217
171
United Corpn;
24
174
United Compa $3 cum pf. 371*
Li Koon. Chan, Esq.
841*
United Gas Corpn.
1
22
United Gas Improvement
12
147
UB., Industrual Alcohol ...
241
264
UB. Rubber
32
284
US. Rubber $8 pid,
1044
15
US. Steel
611
57
Vanadium
38
Amos
581
Vultee Aircraft
103*..
BA
Loadoa
Bombay
Mazzila
Baron
551
Walworth Co.
5+
Calestia
Halyboug
Nagmaals
314"
Warner Bros. Pict.
34
197
Westinghouse Elec
1124
Beshow Honolulu
New York Beattle
Semarang
Бо
34
Woodward Iron Cor.
261*
68
Chase National Bant
344*
62
National City, Bank
273*
• bld.
1-x. div.
DOW JONES AVERAGE
1938/40
High Low Dow Jones Avarages,
Apr. 21, 1940, Apr. 19, High Low Close
148.80 148.00 146 91 147,87% 30 37 30.88 20.48 30.80 24.50 24.70 24.50 263 88 89
88.90 81.70
Change 87 up .23 up
13 up
.01 up
.14 up
Business Done 7--720,000 shares -- "
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