(REUTER'S SERVICE)

NEW YORK, Feb. 8. 1941

High

10.38 10.33

19.90 10.85

831 82

82+ 821 811 617 12.48 13.45 13.50

Prev. Today's Low Close Close Change 10.34 10.37 .03 up 10.85 19.80 ,05 up

82 619

1 up

STOCKS

A of

13.47b .03 off

Adamy ExpreM

On Shanghal-

On demand

* 435

Close 10.34/S4

Opening

Closing

Change

Alleghany Steel Co.

10.33/33 10.37/37

03 up

Allis Chalmers

10.33/33

10.33/33

10.35/35

.02 up

Aluminium Ltd.

On Singapore:--

On demand

52 3/4

July

10.21/21

10,20/19

10.23/23

.02 up

Amer. Can

On Japan:-

October

9.73/73

9.71b/738

9.74/74

.01 ap

American Cyanamid, B

On demand

102 1/2

December

9.70/70

9.69b/70a

9.71/71

.01 up

On India:-

January

9.67 N

9.68 A

9.68 N

.01 up

Telegraphic

Transfer.

Spot

10.80

10,92

.03 up

- Amer. & Foreign Power Amer & Foreign $ pf. amer, Locomotive

184 1/2

and demand .....................................

On New York:-

Bank Bills, on demand 23 9/16 Credits, 60 days' sight 24 5/16

Total sales Friday:-39,900 bales.

The first notice day for March Cotton is 25/2/41 and last day is 14/3/41.

Amer. Metals Co.

Amer. Radiator

Amer Rolling Mil

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

FEBRUARY 10. 1941,

On London:-

Telegraphic

Transter, {/2 7/4 Bant Bills, on demand 1/2 7/8 Credits 4 months' sight

NEW YORK COMMODITY MARKET

New York Cotton, March New York Rubber, March Chicago Wheat, May Chicago Corn, May .... New York Hides March NEW YORK COTTON March

May

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

FEBRUARY 9, 1941.

TUESDAY, FEBRUARY 11, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital......

$50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1885

Reserve Funds:

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

.......£3,000,000

Sterling

$3,000,000

£3,000,000

HEAD OFFICE: LONDON:

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

prietors

Chairman.

Deputy Chairman,

38, Rishopsgate E.C.2. Sub-Agencies In Lendon: 117/122, Leadenhall Street, E.C.S West End Branch: 14/18, Cockspur Street, S.W! Manchester Branch: 32, Mosley Street, Manchester,

AGENCIES AND BRANCHES ‹

ALOR STAR

HONG KONG PENANG AMRITSAR

RANGOON

SAIGON

..Last Sale

STOCKS

Last Sale

Feb. 8

Proprietors

#20,000,000

Feb. 8

6

Loft Incorperated

177t

Head Office:---HONG KONG

211

Mack Truck Inc.

281

321

Martin, Glen L

26

70"

McKesson & Robbins, pía.

263

Board of Directors: Hon. Mr. J. J. Paterson,

871

Montgomery Ward

382

34

M'tain City Copper Co.

3.

W. H. Lock, Esq.,

13/18 National Aviation

·171.

Nat, Dairy Products

13

137*

National Distillers....

211

181*

National Lead

161*

J. K. Bousfield, Esq., A. H. Compton, Esq., L J. Davies, Esq.,

ફર્ડ

Nat, Fower & Eight

Hon. Mr. S. B. Dodwell,

135

National Supply Corp.

51

G. Miskin, Esq.,

BANGKOK

Amer. Sting and Ring Co. 41*

New York Cential

13

K. 8. Morrison, Esq.,

On Batavia:--

On demand

44 1/8

NEW YORK RUBBER March

Amer, Sugar Renning

Niagara Hudson Power

27*

Hon. Mr. T. E. Pearce,

19.85/85

19.90 A

19.30/90

.05 cp

Amer. Tel, & Tel

163

|N. American Aviation

"15

On Paris:

May

19.72/75

19.70 B

19.80/80

.08 up

aner. Tobacco "B"

701

North American. Co.

157

Bank Bills, on demand Nom. Credits 4 months' sight Nom.

July New contracti September (

19.55/55

}

...... 19.45 N

unquoted 19.45/45

19.62/84

.07 up

Amer. Waterworks.....

6

Northern Pacifc

81

19.50/50

05 up

Anaconda Copper

241

Owens-Illmols Glass Co....

44)

Atchison, T. & S, Fe.

221

On Balgon:-

On demand

........... 102 1/4

Total sales-120 tons

CHICAGO WHEAT

Pacific Gas & Elec....

271

Branches:

Aviation Corp.

42

Packard Motors

Amoy

Johore

Baldwin Lecometive

151

On Manila:-

Pan-American Airways

131

Bangkok

Kobe

Rangoon Saigon

On demand

47 1/8

On Bengkok

May July

B2/821 761/77

828/827

822/821

t up

Baltimore & Ohio

31

Paramount Pictures

111

Batavia

San Kowloon

.771/771

On demand

149. 1/2 September

776/774-

762/781 781/781

off

Barber Asphalt Co.

9.

Pennsylvania RR.

231

Bombay

Kuala

Z of

Barnsdall Ofi

8+

Calcutta

Philadelphia Read, Coal

Lumpur

Shanghai

Francisco HAMBURG

HANKOW

On Sterling Notes:-

Friday's sales:-5,648,000 bushels

Bendix Aviation

35

Philips Petroleum

372

Canton

London

Singapore

Bank Buying Rate

Now.

Bethlehem Steel

84

Cheloo

Pubble Service of NJ.

281.

Lyons

Sourabaya

CHICAGO CORN

Bliss Ca

17}*

Colombo

Malacca

Sungei

Far Silver per ox.

23 1/4

Pullman Inc.........................

241

Dairen

Manila

May

62/817

July

61/817

617/617 817/511

- 617/618

✰ of

Market Report

September

811/612

613/81 611/611

off

평형형

Boeing Airplane Co.

164

Pure Off

71

Foochow

Muar

Patani Swatow

Borg-Wamer

18

Radio Corpn. of Am,

41

off

Briggs Mfg.

22)

Reading Company,

Com

13

Bookow

Mukden

FROM ROZA BROS.

NEW YORK HIDES

Budd M'facturing Corp.

4

Remington Arms Co., Inc.

56

Harbin

New York

Canadian Pacific R'way

3)

Iloilo

Monday, Feb. 10.

March

12.50/55

12.38b/50a

12,47b/502

.03 or

Republic Aviation Corp.

Peiping

Tokyo Tsingtao Yokohama

Silver prices were unchanged

June

over the week-end, the quotations

and Forward..

was unquoted.

American Silver March

May

May

1224b/30a12.25b/32a

Total sales for the day:-25 contracta.

remaining at 23.14 for both Ready NEW YORK COCOA "

CROSS- NEW YORK SUGAR NO. 3: The London/New York rate was quoted at 402.1/2. New March York/London was quoted at 403.

12.28/30

03 off

Case, JI

50

Republic Steel

191

Ipoh

Celanese

28

Revere Corp.

81*

Chesapeake & Ohio.......

411

Reynold Tobac..... “B”

327

Chrysler Corpn.

662

Safeway Stores

40*

3.18 N 5:27 N

5.18b/25a 5.29/30

5,25 N

5.34/33

.07 up

Columbla Gas & Mec. ......

Schenley Distillers

10+

.06 up

Commercial Credit Co."...

291

Sears Roebuck

731

Com, & Southern (Ord.)

11/16

Bhell Union Oil

11

Consolidated Edison

211

Quiet.

MARKET

STERLING

1/3.1/32

Defence Loan, 3%

Chinese 41% Gold Loan

1898 (Brit Issue

U. S. DOLLARS

Chinese 5% Gold Bonds.

1925/47

Loan, 1908

Chinese 5% Grisp Loan.

1912

at the close there were sellers at 445 for Spot,

chinese 5% Renrg. Loan

There were sellers at 1/3 Febru- ary/April. buyers at

Cash.

U. S. DOLLARS

Sellers at 24 for Cash, buyers at 24.1/16 for Cash,'

SHANGHAI DOLLARS Opened with sellers at 447.1/2. Business was arranged at various rates and at the close sellers were quoted at 443. buyers bidding 444 for Cash..

SHANGHAI MARKET

Steady. Opened with sellers of Sterling at 3:11:32 for: Spot. The

2.71b/./1ja .75b/.783 Volume of Business done:-52 lots.

NEW YORK COPPER FUTURES

March

11.48/48 July

N.Y. Official Silver NY-London Cross Rate 4.03

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, Feb. 7.

market closed at Noon with sel- The following quotations are the lers at 3.3/8 for Spot. U. 8. Dol-middle prices at the close of the Jars at

511/32 for Spot. Last market in London. All quotations advices indicated sellers at 5.13/32 are subject to confirmation and no for Spot.

AFTERNOON MARKET The market was quiet in the afternoon.

STERLING

responsibility is assumed for errors in transmission.

War Loan, 34% (Red,

after 1952)

There were sellers at 1/3 Feb-anton-Kloon Rly, 5% ruary/April, buyers at 1/3.1/32 Cash.

Sellers at 24 for Cash, buyers at Chin. 44% Anglo-French 24.1/18 for Cash.

SHANGHAI DOLLARS Opened with sellers at 443 and

H.K. STOCK EXCHANGE

The market remams dull

BUYERS

HK Govt, 31% Loan (1934), 92.75

Cts.

HK. Banks, $1405.

Bank of East Asia, $76,

Union Ins., $410.

1,99b/2,00a ...... 2.04b/05a Volume of business done -86 lota

NEW YORK SUGAR NO, '45 March May

2.00b/01a .01 up 2,05b/05a .01" up

Bocóny-Vacunan of

81

Consolidated Of

..

Southern Pacific

91

Continental Can

38

Bouthern Rly. $5 pfd.

221

Continental Oil

181

Copperweld Steel

157

Spicer Manufacturing Co.. 32°

TRUSTEE and EXECUTOR business undertaken.

Hon. Mr A. L. Shields, Sir Vandeleur M. Graybarn,

Chief Manager,

Haiphong (Johore) Tientsin

Penang

CURRENT ACCOUNTS opened

KLANG IOB AGENCIES: CLIVE-STREET KUALA FAIRLIN PLACK

BERTRAN

SHANGHAI

SINGAPORS

SITIAWAN HOURABAYA

LUMPUR "TAIPING KUCHING

MADBAR

MANILA

MEDAN

HIW TOXI PRIPING

(Peking)

TIENTSIN

TOKOKAK

+Bhuket)

.TS INSTAL

YOKOHAM

Fotos EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opmed and FIXED DEPOSIT received for One Year or shorter perioda în Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNta also opened in Local Currency and Sterling' with interest allowed at rates obtainable on application.

The Bank's Head Office in London'

in Local Currency and FIXED DE- POSITS received for one year or shorter periode in Local and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.

SAFE DEPOSIT BOXES of terms which may be ascertained at

any of the Agencies and Branches. various sizes to let.

R. A. CAMIDGE,

Manager.

BATAVIA

ILOILO IFOR KARACHI

BOMBAY

CALOUTTA

CANTON CAWNPOKI CEBU COLOMBO DEL 1 HATPHONO

"

Standard Brands

64

.72/.72 741 B

.71fb/.72ia ,001 up 741/75000 off

Curtiss Wright (C.)

Curtiss Wright "A"

Deere & Co.

Distillers Corpn. Seagrams

Douglas Aircraft

11.42b/552

11.28/28 34-3/4

11.50b/55a .02 up

11 25b/30a 11.20b/35a .01 up

unquoted. 4.03

"Eaton Mfg. Co.

Mec. Autolite

Du Pont de Nemours

Eagle Picher Lead

Elec, Bond & Share ....

Elec. Bond & Share $5 pr.

Elec. Bond & Share $0 pt.

Elec. Power & Light $ pf.

Fiintkote..

Gen. American Trana.

41

Gen. Electric

Gen Motors

Gen. Railway Signal

Gen. Tire & Rubber

Glidden Co.

Goodrich (B.F.)

Goodrich $5 pf.

Goodyear Tire & Co.

Canton Ins.. $215.

Great Northem Iron Ore

H.K. Fire Ins., $170,

Great Northern Rly, pid,

Great Western Sugar

Docks (0), $17,56,

103-7/16.

Docks (N), $17.

Greyhound Corpn.

Hercules Powder Co

101

Providents, $5.60.

Homestake Mining

13

Lands 4% Debentures, $97.50.

Int Nickel

Star Ferries, $56.50.

44

Lights (0), $6.

Cements, $17.50

Inter. Paper & Power Int. Tel. & Tel Johnsman

42 to 47

Watsons, $10.90. ..

45

Entertainments, $7.

Constructions (O), $1.60

SELLERS

Kennecatt Copper Libbey-Owens-Ford Lockheed Aircraft Loew's Inc.

25

Hotels, $3.60.

Realties, $3.80

1213 (Ldn. Is.)

34

Trams. $18.20.

Chinese 8% Ster. Notes,

"

SHANGHAI MARKET

1925 (Vickers) Opened with sellers of Sterling Chin. Imperial Rly. 5%% 3.3/8 and last advices indicated sellers at 5.23/64 for Spot U. S. Henan Rly, 5% Dollars opened with sellers 5.13/32 fcr Spot and last advices indicated sellers at 53/8 for Spot.

Shanghai Exchange

Shanghel, Feb. 10 (Reuter).

Official T.T. Rates

at Bukuang Rly 5%, 1911... (LP. N/Y Issue)

Sukuang Rly. 5%, 1911

.German Issue) Lung Tsing & Rly. 5% 1913

Watsons, $13

10

SALES

Loan

47

Lights (0), $8.10.

1940/41

High Low Dow Jones Averages 152.80 111.84-30 Industrials

32.67

· គ

18

Macao. Electrics (O), $17,25."-

28:45

22.16 20 18.03 20

Macao Electrics (N). $16,25.

92.19

83.08 40

15

Ropes, $8.50.

64.07 48.47 13

HONGKONG

SHAREBROKERS.

ASSOCIATION

Volume of Business Transacted

on Monday, Feb. 10, 1941,

TS. Watsons

50 $10,90

.41 up

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. Hong Kong. 25th Feb., 1839.

15, "QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET.

NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.

over U.S.$2,000,000,000.

D. L. BALLANTYNE,

Manager,

Ajob?

WANT ADS

INDO-CHINA

BANK OF EAST ASIA, LIMITED

Authorised Capital.....310,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided

Profits

2,933,261.50

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

Board of Director. HON. SIR SHOUBON CHOW, Chairman Li Koon Chua, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Baq... Wong Tun Tung, Eng. Fung Ping Wah Eaq. Chan Ching Shok, Esq. KAN TONG Po, Esq., Chief Manager Hos. Ma. Li Tez Foxe, Manager

Branches and Agencies:

Kowloon, Penang

Leukin Kangoon

Mandin

Salgon Melbourne Barn

Palpizy

Singapore

Bombaya Bwntow

Sydney ciaco Tentan

Yanoourer eattle

Bemarang

Shanghai

Every description of Banking and Exchange business transacted. Loans

ranted on approved securities

Current Accounts opened in Local Currency and Fixed Deposits re shortor caived for one year periods in Local and Foreigu Car- rencies on terms which will be quoted on application.

or

SAFE LEPOSIT BOXES TO LET.

SÁN TONG HỌ.

Chief Manager.

BANK OF CHINA'

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

BANK

STEAM NAVIGATION COMPANY LTD, PAID-UP CAPITAL $40,00,000.

500 1805 Operating Services for Cargo and Pasiongéra

SWATOW, SHANGHAL, TSINGTAU, CHEFOO

and TIENTSIN-

SINGAPORE, PENANG and CALCUTTA

13

Hai

14

S'hal-N'King Rly. 5%

16

Ticntain-Pukow Riy, 5%

(Brit. Stpd.)

15

Opening

Tientsin-Pukow Rly. 5%

London

0/3-5/16

(German Stpd.).

SALES

New York

5-1/4

Tientsin-Pukow Rly. 5%

Japan

22-1/4

(Brit. 8tpd. Bupi, Loan) 15

HK Tramways

India

18-374

Tientsin-Pukow Rly.5%

100 18.05

·TO~

Paris

Hongkong

nominal 2922

(Ger, Stpd. Sup!. Loan)

15

Ropes

Sterling

Jap. 6% Ster, Loan, 1924 23 Ger, 7% Intl. 'Loan, 1924 5-1/2 Chartered Bank

Macau Electrics (0)

8.50 17.25 Macau Electrics (N) ... 50 16.25

100

100

8-3/4

KOBE and OSAKA

Sellers

Opening Closing

HK. S'hai Bank (Ldn. ||

Reg.

900

'81

Spot

0/3-11/32 0/3-3/8

The total value is $14,762.50,

HK & Bhai Bank (Col.

Feb.

Mar.

6/3-11/32 0/3-23/64 0/3-21/64 0/3-11/32

Eeg)

83

Chiese Eng. &"Mining

U.S. Dollars

bearer) ......***

18/-

B.-A. Tob, (bearer)

Spot

*..... $5-11/32

85-13/32

Feb.

5-11/32"

Mar.

5-5/16

5-13/32 5-3/8

Chosen Corporation Mercantile Bank of In-..

4/-

Dunlop Rubber

Bristol Aeroplane

10/0

dla. £5, "3"

11-1/8

Imperial Chemical Ind. 29/43

Silver Duty Rate

The

per cent

Market:Qulet but steady.

8'hai Waterworks "A" 13-1/2

.20 Central Bank of China's Union Insurance rate on London at 10a.m. today Guis Kalumpong Rubber 15/7

Lon., Mid, & Beot., Rly. 147 was 1/2-1/20.

The Equalisation rate was 234 Great Western Rly. 342

National Bank of India 31

Pekin Syndicate

8'hal Met. Constr. Co.

1/8 15/-

United Steel...

22/6.

Woolwortha

53/8

Marxman Investments ...

7/6

Western Holdings

Bub-Nigel

9/9 145/-

Shell

Trans

Trad.

..(bearer) "bid"

46

.91/104

33/9

SANDAKAN

·HAIPHONG

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

For further particulara

please apply to.

JARDINE MATHESON&Co.,LTD TELEPHONE ZOZIL - GENERAL MANAGERS

(BRANCHES ALL OVER CHINA) Owing to our numerous Branonés 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 Brunch:

4, QUEEN'S ROAD, C. South China 'Offices: CANTON...

SWATOW

SHIUCHOW

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bondi and other Pablo Funds of the Chiness Government both at Home: and Abroad.

SHOU J. CHEN.

Manager,

|Stand Gas & Elec.

1*

264.

Standard Oil of California

19

201

Standard Oil of NJ.

341

183

Stone & Webster

691

|Studebaker Com,

71

1477

Swirt International

10

$+

Technicolor f

9

321

Texas Corpn.

361..

294

Texes Gulf Sulphur

361

34*

Timken-Axle

30%

57

Trans-America Co.

4

641

20th Cent. Fox.

62*

317

131

Union Bag & Paper Corp.

11

Union Carbide & Carbon

654

514

Union Pacific .......

791

THE CHASE BANK

337

United Aircraft

441

United Airlines Trans

137

13

United Corpn.

11

121

131*

United Corpn. $3 cum pí.

281

United Gas Corpn.

ན་

13+

United

621

Gas Improvement

91

U.S., Industrual Alcohol.

181

14

U.S. Rubber

211

261

US. Rubber $8 píd.

881

20+*

U.S. Smelting

60

Amoy

U.S. Steel

631

"211

Interest Rates on Application.

Batavia

Bombay

Vanadium

291

Dascati

70

Alphony

Nagkaka

Vultee Aircraft

76*

491

25)

Walworth Co.

51

127

Warner Bros. Pict.

31

.23

Westinghouse Elec,

98"

564

Woodward Iron Cor.

29+*

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK. NEW YORK, with Resources of

Hankow

New York

Hallu

Paris

Kote

331

Glass 301

231 334

Chase National Bank National City Bank ...... Libby. Moneill & Libby

DOW JONES AVERAGE

ji

Feb. 9, 1941:

Feb. 7,

124.30

High Low Close 184.89 124.26 12471 -

Change

Bails Utilities Bonda Commodity Index

28.21

28.30 28.21 28.28

קס, 05.

20.07

20.08 19.95 20.00

.07 of

91.03

35.91"

90.99 55.95

.04 off

.04 'up

Business Done:-10,000 shares

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