Buyers Buyers"
On New York:-"
"Bank Bills, on demand 91 5/8 Credits, 60 daya' sight 2 1/2.
OCT.-DEC.
On Batavia:—
On demand
40 1/4
The market was idle. LONDON RUBBER
On Paris:-
Bank Bills, on demand 1985 Credits 4 months' sight 1140
SPOT
MAY
On Saigon→→→
JUNE
On demand
108" 1/4
JULY-SEPT.
On Manila:~
OCT.-DEC.
On demand
43 1/4
The market was dull.
"On Bangkok:-
On demand
102
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz. ...
1/4 21
SPOT JULY-SEPT.
35-7/8 .35-3/4
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
"APRIL 30, 1944.
On London:—
Telegraphic Transfer. 1/9 13/16 Bank Bills, en demand 1/2 13/16 Credits 4 months' aight 1 3 1/8
On Shanghal :---
On demand
PAYNE & CO.
COMMODITY. BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAINE & CO.)"
350
On Singapore:--
On demand
02 1/2
On Japan:-
On demand............. 42
On India: «
New York, April 29, 1940,
SINGAPORE RUBBER
"
Telegraphic Transfer.
and demand
82 1/4
Previous April 29
Closing Opening Closing Change
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICED
STOCKS
Adama Express
Last Sale
WEDNESDAY, MAY 1, 1940.
LastTM Sale
APRIL 30, 1940 STOCKS
Apr. 29
Apr. 29
TA
Kennecott Copper
354
Alleghany Steel Co. Allied Stores
241
Lakey Foundry & Mac,....
41*
81.
Libbey-Owens-Ford Glass
+49)
Allis Chalmers ...........................
341
Lockheed Aircraft
382
Aluminium Ltd, Amer. Can...
100
Loew's Inc. .....
· 341
115
Loft Incorperated-
361.
Proprietor....
$20,000,000
American Cyanamid B. Amer. & Foreign Power Amer& Foreign $7 pf. American Gas & Elec. Amer, Locomotive Amer. Metals Co.
374
Mack Truck Inc.
Head Office:-HONG KONG
Martin, Glen L
441
25
McKesson & Robbins, pís
36"
Monsanto Chemical
116
Board of Directors: H. V. Wilkinson, Esq.,
20
Montgomery Ward
501
Chairman.
213
National Aviation
14
Hon. Mr. J. J. Paterson,..
Amer. Radiator
BA
Nat. Dairy Products
171
34-7/7
34-3/4
35-3/4 34-7/8
off 1/8
Amer, Rolling Mill
151
Nat, Distillers
241
unch.
Amer, Sting and Ping Co.
50%
National Gypsum
10
34-1/8
34 cts.
34 cts.
off 1/8
J. K. Bousfield, Esq., A. H. Compton, Esq.,
Amer, Sugar Refining
213
National Lead
201
Hon. Mr.. S. H. Dodwell,
19
Amer. Tel & Tel.
173
Nat, Power & Light
Bj
G. Miskin, Esq.,
Previous close Today's close
Amer. Tobacco “B”
891
National Steel Corp.
651
E. 8. Morrison, Esq.,
buyers
"buyers
Change
Amer. Waterworks
91
National Supply Corp.
81
T. E Pearce, Esq.,
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $50,000,000
Keserve Funda: "
Sterling
INDIA, "AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 220,000,000 Incorporated by Royal 'Charter, 1895 Paid-Up Capital .....£3,000,000 £8,500,000 Reserve Fund
.....$3,000,000
£3,000,000
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro- Beserve Liability of
Deputy Chairman.
prietors....
HEAD OFFICE: LONDON: '»
38, Bishopsgate E.C.2. Sub-Agencies In London:
117:22, Leadenhall Street, E.C.3. West End Branch:
14/18, Cockapur Street, 8.W.1. Manchester Branch:
11
62. Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES:
ALUR STAR AMRITSAR
MANGKUK BATAVIA
PENAKO
HARBIN BONG KONG BANGOON ILOILO. ПРОН
SAIGON
SEREMBAN
10-15/18
10-7/8
off 1/18
Anaconda Copper
29*
New York Central
-151"
C. O. Boberta, Esq.,
BOMBAY
10-15/16
10-7/8
of 1/18
Atchison, T. & 8, Fe.
223
Niagara Hudson Power
5+
Hon. Mr. A, Shields,
11
11-1/16 11-1/16
10-15//16 11-1/18 11-1/18
off 1/18
Auburn Motors
[N. American" Aviation
331
unch.
Aviation Corp......
71.
North American "Co
22
Sir Vandeleur M. Grayburn,
Chief Manager.
CANTUN
CALCUTTA
AGENCIES: KOBE CLAVE SET. KUALA Failis Place
KARACHI KLANG
SHANGHAI
SINGAPORE
BITIAWAN
HOURABAYA
LUMTUR
TAIPING
21
unch.
Baldwin Lecometive
·177
Northern Pacific
87
Baltimore & Ohio
5
Owens-Illinois Glass Co.
621
Barber Asphalt Co.
151
Pacific Gas & Mec
32
Amoy
NEW
M
{
Spot
Total sales---2,050 tons.
CHICAGO WHEAT
וי
May July September
1
Market Report.
FROM ROZA BRUS Silver prices rose 3/16 yesterday for both deliveries, the quotations benig 21 for Ready and 20.15/16 for Forward. Silver advices report- having bought. A ed India. 25 amall business was done, the mar- ket was steady, American Silver was quoted at 34.3/4 for Spot.
CTOSS- The London/New York rate was quoted at 402.1/2, New York/London was quoted at 352. 1/8.
Quiet
Market
Sterling
There were sellers at 1/2.29/32 May and 1/2.7/8 June/November, buyers at 172.15/16 Cash and pro- bably 1/229/32 October.
U.S. Dollars Business was done at 21.7/8 fo: Cash and 21,5/8 July. The market closed at'l p.m. with sellers at 21.18/16 first half of May, 21,3/4 May, 21.11/16 June and 21.9/18 July, buyers at 21.7/8 Cash, 21.13/ 16 May. 21.3/4 June and probably 21.5/8 July.
Shanghal Dollars
bit Opened with sellers at 359 later the rate rose to 281 sellers for Spot.
Shanghai Market Sterling opened steady with sellers at 3.9/64 for Spot but to wards lunch time the market was -reported to be easier at 4.1/8. UA Dollars opened with sellers at 8.3/32 and towards lunch time the sellers were reported to be easier at 4.1/8 US Dollars :open- to- ed with sellers at 6.3/32 and wards lunch time sellers Were I? ported at 8.1/16 for Spot,
NEW YORK COTTON: Open Interest for May is still above 200.000 bales. We expect principal May long interest to transfer to July at a difference of 30 to 35 points.
NEW YORK RUBBER; There has been renewed factory commission houses buying. The prevailing level of prices is at- tracting the attention of traders for the long pool,
CHICAGO WHEAT: The market was impressed by the strength of corn Damage reports from the South-West continue as a result of the recent frosts, but full vedfication of these is improbable until harvest time..
NEW YORK STOCKS: 148.41: Change, up 29.
Frevious close. 148.12; Today's close,
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 December ( January March.
Clore
Prev. Today's High
Close Close Change Low 10.83 10.77 10.80 10.80 unch. 19.28 19.23 19.24, 19.25 1091 107+ 108 109
Total sales Saturday:-24,800 bales,
First notice day for May cotton:-1/5/40 and last day 22/5/40. NEW YORK RUBBER*
May July September December January
Barnsdall Ou
11+
Pacific Lighting
414
Bangkok Kobe *
Branches: "Johore" Rangoon
Saigon
Batavia
Bell Aircraft Corp.
271
Packard Motors
Kowloon
S&D
37
Bendix Aviation
341
Pan-American" Airways
Bombay
Kuala
Francisco
22
Calcutta
Lumpur
Shanghai-
and
Bethlehem Steel
831
Paramount Pictures
71
Canton
Lon doo
Bliss Co.
101
Pennsylvania R.R.
Chefoo
Lyons
Singapore Sourabaya
Boeing Airplane Co
24+
Phelps-Dodge
36)
Colombo
Malacca
Sungei
Borg-Warner
221
Philadelphia Read, Coal
Dairen
Mauila
Bridgeport Brass Corp. Briggs Mig.
13)
Phillips Petroleum -
384
Foochow
Muar
22!
Pittsburg Coke & Iron
81:
Haiphong (Johore) Tientsin
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $6... Budd M'facturing Corp. Canadian Pacific R'way Case, J.I.
23)
Public Service of NJ.
Bankow
Mukden
42
Harbin
1077
Pullman Inc.
29
Iloilo
5
Pure Ol
101
Ipoh
5+
Radio Corpn. of Am. ...
61
681
Reading Company,
Com
15
Celanese
341
Reading Company, ist pfd
26.
Chesapeake & Ohio
391
Remington Arms Co., Inc.
41*
Chrysler Corpn.
86
Republic Aviation Corp.
62
Climax-Molybdenum : Co...
37+
Republic Steel
do
21
Colts Patent Fire-Army
304
Revere Cop. & Brass Inc.
14
Columbia Gas & Elec.
83
Reynold Tobac. "B"
431
Columbia 6% "A" DÍ.
90
Richfeld Q
7+
Commercial Credit Co...
451
Safeway Stores
50%
.01' up
Com. & Southern (Ord.)
11
Schenley Distillers"
14
up
Consolidated Edison
24
Sears Roebuck
85#
05). 64+ B4
651
up
13.86 13.73
13.70 13.88
Consolidated Oil
313
Shell Union Of
127
.16 up
Patani " Swatow
Tokyo New York Tsingtao Peiping
Penang
Yokohama
MEDAN
NEW YORK PRIPING
(Peking)
TONGEAS
"(Bhuket)
TSINGTAO TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPOSITs received for One Year or sharter 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 FIXED DIGITS on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Our-undertakes Executor and Trustee rencies terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
ALSO up to date Sars Deposir terms which may be ascertained at ROXES in various sizes To La.... any of the Agencies and Branches. Hong Kong, 28th February, 1940.
R.-A. CAMIDGE,
Ianager:
HONGKONG SAVINGS
BANK
DAWNPORN CEBU COLUMBO DELAI
KUCHING
TUNTSIE
MADRAS
MANILA
HAIPHONG
HAMBURG ΣΑΝΤΟΥ
Continental Can
Opening
Closing
Change
Continental Ou
10,80/80 10.53/55 10.55/56
10.83/83
10.80/80
unch
Copperweld Steel
10.51/53
.02 off
Corn Products
10.87/67
10.68b/70a
.10.87 N
unch.
Curtiss Wright (C)
10.17/17
10.22/22
10.18/18
.01. up
Curtiss Wright "A"
}
10.02/02
10.08/08
10.05/05
103 un
Deere & Co. ......
...... 9.96 N
}
9.86 N
10.01b/04a 9.92/92.
9.99. N
.03 up
"Distillers Corpn: Beagrams -197
9.88/88
.02 up
Douglas Aircraft
10.98 N "
10.94 N
.04 of
Du Pont de Nemours
Eagle Ficher Lead
Eaton Mig.-Co.
Elec. Autolite
Elec. Bond & Share
!
19.24/28 19.25/28 19.25/25 18.85/35 18.90/90
.01 up
Elec. Bond & Share $5 pf.
18.87/88
.02 up
Elec. Bond & Share $0 pf.
18.62/62
18.68/63
18.67/67
,05 up
met. Power & Light $7 pf.
Fisk Rubber
18.40b/451
18.45/45
.05 up
Flatkot
19.35 N
18.40/40
.05 up
Gen. American Trans.
Gen. Electric
Gen. Motors
2.....: 1084/1087 108/1077 1/7/1061 1064/108
1091/109
up
Gen. Railway Signal
107/1074
+ up
Gen. Tire & Rubber
| 107/107), "1063/106) 1074/1071
up
Glidden Co......
Goodrich (B.F)
Saturday's sales:-20,028,000 bushels. CHICAGO CORN
Goodrich $5 pf. ....
Goodyear Tire & Co.
May July
841/641 641/641 651/651
651/851
September WINNIPEG WHEAT May, July October
68/66
66/66) 661/601
cp
990
up
Great Northern Iron Ore
Great Northern Rly, píd.
Great Western Sugar...
Greyhound Corpn.
Hercules Powder Co, .....
8217891 89/883
8946
up..
Homestake, „Mining
914b
9318'
914b
up
International Harvester
9318
i up
Int Nickel
Inter. Paper & Power
Int. Tel. & Tel.
13.73/74 13.70/70 13.07/97 14.05/05 14.22b/248 14.31/31
.. 13.86/88
16 IP
Johna-Manville
14.13/15 .16 up 14.37b/40a .15 up
J. & Laughlin-Steel $7 pfd 634
Dull.
Market
Sterling
No business was reported, Anish- ing with sellers at 1/2.29/32 May and 1/2.7/8 June/November, buy ers at 1/215/16 Cash and probably 1/2.29/32 October.
U. S. Dollars The market closed with sellers at 21.13/16 first half of May, 21.3/4 May, 21.11/16 June and 21,9/15 July, buyers at 21.7/8 Cash, 21.13/ 16 May, 21.11/16 June and probably 21.5/8 July.
Shanghai Market Sellers at 360.1/2.
Shanghai Exchange
Shanghai, Apr. 30 (Reuter).
Official T.T. Rates
Opening
0/4
London
New York
Japan
India
Paris
Hongkong
5-3/4
23-1/2
23-1/8 2.94 28-3/4
Silver Daty Eate Kellera
Opening Closing 0/4-9/84 0/4-1/8 0/4-1/64 0/3-83/84 U.S. Dollars
Spot
May
Spot
May
Market: Quiet.
"
$6-1/16 -56-1/32
5-27/32 5-13/16"
Merchant Rates
Sterling. 0/4-3/32 -
U.S.. Dollars, $6.
The Central Bank of · China'a.
NEW YORK HIDES
June
September December
New York Official unquoted NY-London Cross Rate 3.50-3/4
STOCK EXCHANGE DULL
LONDON, April 30 (Reuter)— The Stock-Exchange-was-dull-apart from gilt-edged securities which was higher on a steady small
| investment support.
Industrials were. irregular, gold | minings being moderately stead;}
Email despite
trickled orders. Wall Street was firm.
LONDON METALS
EXCHANGE London, Apr. 29 (Reuter).
TIN
buyers
£
..
.sellers
3
Standard, Cash 254-3/4 255" Standard,
3 months 250-3/4 251
Set'ment Price 255 The Equalisation rate was 10 Strails
rate on London at 10 am. today Standard, was 1/2-1/2d.
per cent
...
SILVER MARKET
LONDON BILVER.... 'London, Apr. 29 Reuter) Silver-Indian buying. Little offering, Business moderate. “Mar-
275 to 280
ket steady. In the afternoon, the market was steady, with buyers at the rate and sellers holding off
Spot, 21d.
Forward, 20-15/16d.
34-3/4 3.52-7/8
LONDON GOLD.
London, Apr. 29 Reuter). Bar Gold, Fine per.cz. 168.
1039/40
1-ex, div. DOW JONES AVERAGE
Apr. 30, 1940,
High Low Dow Jones Averages. Apr. 27, High Low Close Change
185.92 121.41 30 Industrials
35.90 24.14-20. Baila 37.70 20.70 -20 Utilives 2222 8451 40 Bonds
148.19 30.71
148.89, 148.09 148.41.29 up. 30.91 30.88 30.74 .03 up 34.81 -25 04 24.81 24.88 .17 up 89.09 .10 up 81.97 .13 up
89.19
65.67 45 59 11 Commodity Index 81.14
*
- Busincas Done :-170,000 shares.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
TO-
SWATÓW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal ia the French Concession at Shanghai, where passengers and cargo are landed.
For further particulara
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONEĎ SOJII • GÈNERAL MANAGERS
THE CHASE BANK
is conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAL·
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong 25th Feb., 1939.
Authorised Capital......$10,000,000.00 Paid-Up Capital
Reserve and Undivided
Profits
3,598,600,00
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SIR SHOUBON CHOW, Chairman Li Koon Chun, Esq. Lí Lax Sang, Esq. P. K. Kwok, Esq. Wong Chu Soo, Esq. Wong Tum Tong, E. Kan Ting Fo, Esq. Chan Ching Shaik, Esq. Fang Ping Walls Esq KAN TONG Po, Esq., Chief Maria ger Li Tse Foxo, Esa., "Manager
Branches and Agencies:- -
Korloos Prost Hingapore London Hangoon
Bonrahaga Manila Salgos Bww.tow Melbourne Ben Bran. Sydney
sisco Tintin Xerssks New York Bestic VELOQHVer
Paris
Pelping
Semarang Shanghai
Every description of Banking sad Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter perioda in Local and Foreign Cut rencies terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LET
KAN TONG PO;
Chief Manager.
THE KWANGTUNG PROVINCIÄI
BANK
(Incorporated in_China).
General Banking Facilities and Financial Agenta se The Provincial Government of Kwangtung Head Oftes-Shukwin, Kwangtong Provinon Hongkong Branch -Queen's Bldg., 5 Chatar'Hd, Cable Addresses-"PROVINCIAL” 2030, 9642 Telephones:
* 20112, 20113, 20143, 20181, 81681..
BRANCHES THROUGHOUT SOUTH CHINA Correspondents in New York and Londen Paid Up Capita! Beserve Capital
N$10,000,000, N$10,500,000.
AUYANG MANLY,
Hongkong Manager.
Ajob?
WANT
ADS
18, PINE STREST,
NEW YORK.
Au 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 CHASE NATIONAL BUE, New Yoax, with Besources of gym. 1.8.$2,100,000,000.
D. M. BIGGAR,
Second Vice Pre
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.86 (BRANCHES ALL OVER CHINA) Owing to our numerous Branebes in China and connections in the principal Commercial Centres of the World, we are able to extend, o our Clients special facilities for" Domestic and Foreign Banking and Exchange.
1.
Head Office:-SHANGHAI Hong Kong Branch:
„4. QUEEN'S ROAD, C.
South China Offices:
CANTON SWATOW. SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
and other Public Funds of the We also handle the issue of Bonds Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Kanager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Ofcoi-19, Gracechurch Street, London, ECJ Authorised. Ospital Babribed Capital ....... Pald-or Capitāl Reserve Fund and Boat.
£2,000,000
21,800,000
21,050,000
1,252,770
BANKERS; ›. The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok
Boen ba
Ostositta
Qoiembe Daini Galle Hongkong
Bowrah
Ipoh Jadne Kuantan
Kandy
Kazachi
Kuala Troorgan
How Turk
Fenang Kantoo
Kota Bhar
Shanghai
Siml
Sela Lapa
Kmla Lumpur. Singapore
HONG KONG BRANCH: Every description of Banking rod. Kroḥange' hasta transseted, TRUSTEE AND EXECUTORSHIP
UNDERTAKEN AM
CURRENT ACCOUNTS spanad is Local One. TERY 173, PIZED DEPOSITS moeited in Local Currency & FUELLING da; berme that may be sacuriained on applicativo. (?
D. BENSON,
Manager.
7+
Socony-Vicunum Oll
11
46
Southern Pacific
121*
23+
Southern Rly 35 pid.
The Business of the above Bank
271
60+
Sperry
43+
& SHANGHAI BANKING COR-
10+
Spicer Manufacturing Co.
36
PORATION. Rules may be obtain-
HEAD OFFICE;
281
Standard Brands
71
ed on application.
221
12*
Standard Oil of California
221
881
Standard Oil of NJ.
-412
1881
Stone & Webster
46
101
Studebaker Com, .....
101
351
Swift International
291
401
Technicolor
144
67
Texas Corpn.
341
BANK OF EAST ASIA, LIMITED
61f*
Taxes Gulf Sulphur
341
70"
Timken-Axle
267
34
Trans-America Co.
54
+
144*
20th Cent. Fox.
8.
187
20th Cent. Fox, $1ł pi.
201⚫
2,983,281.50
523
Union Bag & Paper Corp.
177
37
Union Carbide & Carbon
827
531
Union Pacific
953
171
United Aircraft
491
18
United Airlines Trans
21
17
United Corpn.
21
17
United Corpn. $3 cum pf.
37
85
United Gas Corpo
11
211
United Gas Improvement
121
141
U.S., Industrual Alcohol. ...
27
271
U.S. Rubber .......
31#..
271
US, Rubber 38 pid.
101
US. Steel
611
98
Vanadium
37#
Amay
53
Vultos. Aircraft
101
Entaria
6-11
Walworth Co.
Bombe
Galoutis
29%
Warner Bros. Pict.
34*
HAlphong
Hankow
201
Westinghouse Elec.
113)
Manoiulu
31
Woodward Iron Cor.
201
Robe
71+
Chase National Bank
34
National City Bank
,287*
⚫bld.
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