Close
Opening
420
10,19/19 10.23/24
10.17/17
59 3/4
10.20/20
10.02/02
10,07/04
... [03 1/2
October
9.55/55
9.59/59
December
.........
9.52/53
9.55b/55a
9.63/62
Transfer.
"and demand....... On New York:-
Jas 1/2
-82
January Spot
9.53/53 10.70
9.52b/550
9.61 N 10.78
NEW YORK RUBBER
March
May
July New contract) September
105..
Total sales:-350 tons. CHICAGO WHEAT"
48 1 2
May
July
149 1/2
September
Now.
CHICAGO CORN
Bar Silver DET G.
23 5/15
May
July:
September
NEW YORK HIDES
March June
"
.. remaining
both
as
[March
May
Dollars
were £
shade steadier,
...
STERLING
I
dicated sellers.
at
shede easier with
after 1952) ..
Defence Loan,:3%
Canton-K'icon Rly, 5% 13
Chinese 41% Gold Loan
1808 (Brit. Issue)
Chinese 5% Gold Bonds.
1925/41
0/3-3/8
Chin. 41% Anglo-French
New York
Japan
India
Parla
Hongkong
5-1/2
Loan, 1908
22-3/8
Chinese 5% Crisp Loan.
18-3/4
1912.
nominal
Chinese 5%, Reorg. Loan
Bank Bills, on demand 24 1/4 Credlis, 60 days sight 24 On Batavia:-
On demand 45 1/2 On Paris:---
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
On Balgon:-
On demand
On Manila:-
On demand On Bangkok:-
On demand... On Sterling Note:-
Bank Buying Rate
Market Report
FROM ROZA BROS.
Wednesday, Feb. 19.- Silver prices rose 1/16 yesterday
for both deliveries, the quotations
at 23.5/16 for
Ready and Forward, Silver advices being reported the market qufet. American Silver was quoted at 34.3/4 for Spot.
The first notice day for March Cotton is 25/2/41 and last day is 14/3/41
Total sales for the day:-88 contracts.
NEW YORK COCOA
| NEW YORK SUGAR NO. 3:”
The London-New York cross- March rate was quoted at 402.1/2 New May York-London was quoted at 403.
MARKET
- Quiet. US.
There were sellers at 1/3 Feb- ruary-April, buyers at 1/3.1/32 for Onsh
U. S. DOLLARS Sellers were offered at the open- Ing at 24.9/16, Subsequently some business was arranged at 24.5/8. The market closed with sellers at 24.9/16 for Cash, buyers at 24.11/ 16 for Cash
SHANGHAI-DOLLARS Opened" with sellers at 428. Business was arranged at various rates. Closed with sellers at 434 for Spot.
Volume of businèss done:~632 lots.
NEW YORK SUGAR NO. 4: March May
Volume of business done:-47 lots.
The first notice day for March is 17/2 and last day is 28/2. NEW YORK COPPER FUTURES March
July
N.Y. Official Silver 34-3:4 NY-London Cross Rate 403-1/4
LONDON STOCK EXCHANGE
(RETTER'S SERVICE) ·
London, Feb. 18.
11,55b/58a .03 u 11.42b/50a02 up 34-3/4 4.03
COST OF CANADA'S WAR EFFORT
OTTAWA, Feb. 19 (Reuter), Mr. J. L. Ilsley, Canada's Finance Minister, will ask for $1,300,000,000 for the prosecution of the war The following quotations are the during the fiscal year of middle prices at the close of the compared with $700,000,000 during 1941-42. 3.29/64 for market in London. All quotations the preceding year. Spot. U. S. Dollars opened with are subject to confirmation and no
SHANGHAI MARKET Sterling opened with sellers at 3.1/2 for Spot. Last advices in
sellers
This sum, plus the $443,000,000
at 5.3/4 for Spot. Sub-responsibility is assumed for errors which Mr. Isley estimated to be sequently the rate rose to 5.25/32 in transmission.
and closed a
sellers for Epot at 5.11/32 for War Loan," 31% (Red, Spot,
Shanghai Exchange
Shanghai, Feb 19 (Reuter).
London
Official T.T. Rates
Opening
necessary to cover all require- ments except air, brings the total expenditure for 1941-42 to $1,743,- 000,000.
LONDON STOCK EXCHANGE
LONDON, Feb. 19 (Reuter) - On the Stock Exchange yesterday, dullness persisted. Git-edged holdings recovered their early losses and Kairs were firmly held.
20,55/55 20.50b/623 20.63/66 20,39b/403
20.57b/80a 19.95/95 20.01b/194 20.05b 19.72b/75a 19.75b/20.00a 19.00/90
78/781
78/781
73+/73
73/734
7317731
Monday's sales:-8,989,000 bushels.
391D
591/59/
591/594 593/591
PAGE 10-HONGKONG DAILY PRESS.
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 19, 1941......
On London:-
Telegraphic Transfer. 9 7/8 Bank Bills, on demand 1/2 7/9 Credits 4 months' sight On Shanghai- On demand
On Singapore:-
On demand
On Japan:-
On demand
On India:
8. 8 8 8 8 8 8 8 8 8 8.3
Telegraphic
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
NEW:: YORK, Feb, 18, 1941,
New York Cotton, March New York Rubber, March Chicago Wheat, May ........ Chicago Corn, May New York Hides, March NEW YORK COTTON
March
May July
Prev. Today's High Low Close Close Change 10.30 10.22 10.19 10.25 .00 up 20 66 20.85 20,55 20.66 11 up
791 78 78 79 00% 591 591b 604 13.62 12,40 12.55 12.44
קט 04,
קני 10,
NEW YORK STOCK
QUOTATION
EXCHANGE
(REUTER'S SERVICE)
FEBRUARY 19, 1941,
THURSDAY, FEBRUARY 20, 1941.
BANKS
Authorised Capital.............. $50,000,000 |
HONGKONG & SHANGHAI THE CHARTERED BANK OF ·
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 185#
.Reserve Funds:
Sterling
£ 6,300,000 H.E. Currency Reserve $10,000,000
Paid-Up Capital Reserve Fund
£3,000,000
£3,000,001
Reserve Lisbility of Pro-
1 up 7 up
STOCKS
Last Sale
STOCKS
Last Sale
Feb. 18
Reserve Liability of
Proprietors....
prietora
£3,000,000
$20,000,000
11 01
Feb. 18
Adams Express.
Si
Closing
Change
Loft Incorperated
141
아
Alleghany Steel Co.
201
Mack Truck Inc.
263
10.25/25
.06 up
Allis Chalmers ..
292
Martin, Glen L.
234
10.21/21
Aluminium Ltd,
71*
McKesson & Robbins, pís, 25
10.07/07
,05 up
Amer. Can
83
Montgomery Ward
35+
9.66/66
.11 up
American Cyanamid B.
324
M'tain City Copper Co.
3
Amer. & Foreign Power
13/18+
National Aviation
31*
Chairman.
Deputy Chairman.
.08 up
Amer Foreign $7 pi.
154
Nat, Dairy Products
134
J. K. Bousfield, Esq.,
06 up
Amer. Locomotive
127
National Distillers
21
A. H. Compton, Esq.,
Amer. Metals Co.
167
National Lead
L J. Davies, Esq.,
Amer. Radiator
6
Nat, Power & Light
63
וי
Amer. Rolling Mill
12/
National Supply Corp.
51
Amer. Sting and R'ing Co.
*30*
New York Central
121
.11 up
Amer. Sugar Refining
13+
Niagara Hudson Power ...
27
.10 Up
Amer. Tel, & Tel.
1583
N. American Aviation
13
.10 up
Amer. Tobacco "B"
691
North American Co.
151
.18 up.
Amer. Waterworks
5.
Northern Partic
51
Anaconda Copper
227
Owens-Illinois Glass Co.
Atchison, T. & 8, Fe..
201
Branches:
Pacific Gas & Elec
261.
Aviation Corp.
4
Packard Motors
21
Amoy
Jotore
79/79)
1 up
Baldwin Lecometive
141
741/741
li up
Pan-American Airway!
121
Bangkok
Kobe
Rangoon Saigon
Head Office:-HONG KONG
Board of Directora:
Han, Mr. J. J. Paterson,
W. H. Lock, Esq.,
Hon. Mr. S. H. Dodwell,
Miskin, Esq.,
K. 8. Morrison, Esq., Hon. Mr. T. E. Pearce,
Hon. Mr. A. L Shields,
Sir Vandeleur M. Grayburn,
Chief Manager
HRAD OFFICE; LONDON:
39, Bishopsgate E.C.. - Sub-Agencies In London:
117/122, Lesdenball Street, E.C.a West End Branch:
14/18, Cookapur Street, B.W 1 Manchester Branch: 52, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES.
ALDE STAR
CALCUTTA
AGENCIES:
MONA KONG PINANG
CLIVE STREAT KUALA FAIRLIN PLAUS
DANTON
CAWNPOR
COLOMBO
AMRITSAR
BANGIOT BATAVIA
BOMBAY
ILOILO
KANGOON
IPOH"
BAIGON
SIRIMBAN
KARAONI
SHANGHAI
LÀNG
SINGAPORA
КОВТ
BITIAWAN
BOURABAYA
LUMPUR
TAIPING"
KUCHING
TIENTSIN
MADRAS
TONGKAN
MANILA
(Bhukot)
MEDAN
Baltimore & Ohio
37
749/744
1t up
Paramount Pictures
101
Batavia
Kowloon San
DELHI HAIPHONG
TSINGTAG
Barber Asphalt Co.
81*
Fennsylvania R.K.
32}
Bombay
Kuats
Francisco
Barnsdall Ou
8
Calcutta
Lumpur
Shanghai
HAMBURG BANKOW
NEW YORK PEIFING
(Peking)
YOKOHAMA
"
Bendix Aviation
337
Philadelphia Read Coal
5
Canton
Londoa
Singapore
w
Phillips Petroleum
361
Bethlehem Steel
78
Chefoo
Lyons
Sourabaya
60+/601
i up
Public Service of NJ.
271
Colom
Malacca
Sungei
Bliss & Co.
141
583/581
* 593/591 587/59
up
Pullman Inc......
23
Dairen
Manila
Boeing Airplane Co.
14
unch.
Pute Oll
71
Foochow Muar
Pacani" Swatcw
Borg-Warner ......
172
Radio Corpn. of Am.
+
Briggs Mia......
201
Reading Company,
Com
12
12.55/55 12.48b/60a 12.44/44 12,47b/43a 12.43b/52a 12.43/43
11 off
Budd M'facturing Corp.
32
Remington Arms Co., Inc., ...
4**
Hankow Harbin
.04 off
Canadian Pacific R'way
37
Republic Aviation Corp.
34*
Iloilo
Case, J.I.
45
Republic Steel
177
Ipob
5.62 N 5.69/69
5.80b/88a 5.67/82
5.62 N 5.69 N
unch.
Celanese
Chesapeake & Ohio
Chrysler Corpn. .....
391
Revere Corp.
83
641
Reynold Tobac. "B"
312
Columbia, Gas & Mec.
4
Bafeway Stores
381
Commercial Credit Co.
294
Schenley Distillers
9
Sears Roebuck
691
Com, & Southern (Ord.)",
2.05b/08a 2.10b/lla
2,06b/07a 2.12b/13a
.01 up .02 up
Consolidated Edison
21
Shell Union Ol
107
Consolidated Oll
51
Socony-Vacunum Ol .............
83
Continental Car
384
Southern Pacific
Continental Oll
182
Southern Rly $5 ptd.
204
.691b/.70a .73b/.73 a
.692/.691
721b
Copperweld Steel
144
Spicer Manufacturing Co.
32
TRUSTEE and EXECUTOR business undertaken.
Haiphong (Johor) Tientsin,
Mukden Tokyo New York Tsingtao
Yokohama Peiping
Penang
CURRENT ACCOUNTS opened
FORLIGN EXCHANGE and General" Banking Business transacted.
CURRENT ACCOUNT opened and Fixed Deposits received for One Year or shorter periods in Local ti Other Currencies at rates which will be quoted on application.
SAVINGS ACCOURTs also opened in " Local Currency and Sterling with interest allowed at rate obtainable jon application,
The Bank's Head Office in London
in Local Currency and FIXED DE- POSITS received for one year or shorter periods 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 ofteros which may be ascertained at
any of the Agencies and Branches. various sizes to let
R. A. CAMIDGE,
Manager.
.68b/.69a 71b/.72ła
.014 off
Curtiss Wright (C.)
7}
Standard Brands
6
101 off
Stand Gas & Elec.
Curtles Wright "A"
24**
Deere & Co.
191
Standard Oil of California
18
HONGKONG SAVINGS
Distillers Corpn. Seagrams
Douglas Aircraft
11.52b/55a 11.40b/47a
11.50b/55a 11.40b/50s
Du Pont de Nemours
Eagle Picher Lead
Eaton Mig Co
Elec, Autolite
Elec Bond & Share
Elec. Bond & Share $5 pr.
Elec Bond & Share $6 pt. Elec. Power & Light 37 pf. Flintkote
Gen. American Trans.
Gen. Electric ...
Gen. Motors
Gen. Rallway Signal
Gen. Tire & Rubber
Olidden Co.
Goodrich (B.F.)
Goodrich $5 pf.
Goodyear Tire & Co.
Great Northern Iron Ore ..
Great Northern Rly, pfd.
Great Western Sugar ......
103-7/16
1011
Greyhound Corpn. Hercules Powder Co
Homestake Mining
Int Nickel
Inter. Paper & Power
44
A
Int. Tel. & Tel.
Johnsman
42 to 47
Kentecott Copper
45
Libbey-Owens-Ford Glass 35) Lockheed Aircraft Loew's Inc.
20
22-3/8
1913 (Ldn. Es.),
34
"Sterling
Sellers
Chinese 8% Ster. "Notes,
1925 (Vickers)
.10
Industrials were dull, while tex- tiles, breweries, steels, stores and tobaccos were all lower.
1940/41
Spot
Feb.
Opening Closing 0/3-1/2 0/3-29/64 9/3-1/2 0/3-29/64
Chin. Imperial Rly 5%
Loan
47
Honan Ely, $%
18
'Losses were also recorded tins, rubbers and oils and there was some selling of home rails.
fm
Mar.
Hukuang Rly 5%, 1911..
L.P. N/Y Issue)
15
Japanese bonds recovered still further.
Low Dow Jones Averages High 152.80 111.84 30. Industriala
32.67 22.16 20 26.45 18.03 20 02.19 83.06 40 84.07 48.47 11
Spot
Hukuang Rly. 5%. 1911
Wall Street was very quiet.
Feb.
Mar.
5-21/32 5-5/8
German Issue›
13
Lung Tying & U Hai
Rly. 5% 1913
14
16
15
0/3-31/64 0/3-7/18 U.S. Dollars
$5-3/4 $5-21/32
5-3/4 5-23/32
-Market:-Uncertain.
Silver Duty Rate
The Central Bank of China's rate on London at 10 a.m. today was 1/2-1/20:
The Equalisation rate was 331 "per cent.
Calcutta Exchange
Calcutta, Feb. 18 (Reuter). TT. on Japan, 81-1/4.
India Rupee Paper
Bombay, Feb. 18 (Reuter) Govt. 31% Rupes, 95-0-0.
LONDON METALS
EXCHANGE
London, Feb. 18 (Reuter).
Standard, Cash, Middle Price, £289-1/2,
Tin,
Tia. Standard, Cash, Middle Price, £285-3/B. --- "Market strong.
LONDON GOLD
London, Feb. 18 (Reuter). Bar Gold, Fine per oz., 188/-
hai-N'King Rly. 5% Tientsin-Pukow Rly. 5%
(Brit.. Stpd.) Tientsin-Pukow Rly: 5%
German Stpd.) .... 15 Tientsin-Pukow Rly. 5%
(Brit. Stpd. Bupl. Loan) 15 Tientsin-Pukow Rly. 6%
(Ger. Stpd. Bupl. Loan) 15 Jap. 6% Ster. Loan, 1924 214-25 Ger, 7% Intl. Loan, 1924. 8 Chartered Bank
SILVER MARKET
LONDON' SILVER
London, Feb. 18 (Reuter).
Silver Lack of selling. Business small Market quiet: afternoon, the market was quiet, with no business. "
Spot, 23-5/164.
Forward, 23-5/16d,
BOMBAY SILVER Bombay, Feb. 18 (Reuter). Market-Quiet. Offtake 225 bars,
71
H.K. & Shai Bank (Ldn.
Reg.}
Indian Mint Silver
72
Ready
63-03
H.K. & ahai Bank (Col
Peg)
Feb. 21 "Settlement
63-01
77
Mar. 25 Settlement
63-00
Chinese Eng. & Mining
(bearer).....
18/-
B.-A. Tob (bearer) ...
-90
4/-
Dunlop Rubber
32/8
Bristol Aeroplane
10/6
--11-1/8
1/8 15/-
Imperial Chemical Ind. 20/14 United Steel
21/6
Woolworths
51/10
Maraman Investments ...
Western Holdings Sub-Nigel
Shell Trans. & Trad
6/3 9/3 146/3
40 ex div
Chosen Corporation Mercantile Bank of In-
dia. 25. "Q}” Pekin Syndicate...... S'hal Elec. Constr. Co.... B'hal Waterworks "A" ... "13-1/2 Union Insurance
20
Gula Kalumpong Rubber 15/7) Lon., Mid, & Scot., Rly. 141 Great Western Rly... 351 National Bank of India 32
(bearer)
*-bid.
Feb. 19, 1941.
High Low Close
.20 of
BANK OF EAST ASIA, LIMITED
PORATION. Rules may be obtain-Authorised Capital.....$10,000,000,00
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1929.
THE CHASE BANK
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.
SAFE DEPOSIT-BOXES
This Bank is entirely owned by
THE CHASE
NATIONAL BANE New Yoak, with Resources of over U.S.13,800,000,000.
D. L. BALLANTYNE,
A Job
Paid-Up Capital 5,588,800,00 Reserve and Undivided
Profits............................
..,983,281,50
Head Office:-HONG KONG No, 10 Des Voeux Road, Central
www.
Board of Dirator.
HON. SIE SROUSON CHOW, Chairman Li Koon Chan, Esq, Li Lan Sang, Esq. P. K. Kwok, Esq. Wong In Tong, Esq. Chan Ching Shek, B. KAN TONG PO, Esq., Chief Manager HON. ME. LI THE Fond, Manager.
Branches and Agencies:
Pants Singapors
Wang Chu Son, Esq.
Fung Ping Wah En.“
Kowloos
Lowton
Hangon
Bazen
Soncadays biwntow
Melbourne batı Aran. Bydney
Pelping
Bemsning Sal sight
Every description of Banking and Exchange business transacted. Loan granted on approved securities.
Qurrent Accounts opened in Local Manager.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.
WANT ADS
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 berth alongside the Roosevelt Terminal in
the French Concassion at
Shanghai, where passengers
and cargo are landed.
j
For further particulars
please apply tom
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOŽIL • GENERAL MANAGERS
SAFE CEPOS1r Boxes To LT:
KAN TONG PO,
Chief Mariager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
.:1 BANK
PAID-UP CAPITAL 240,000,000.00 ^(BRANCHES ALL OVIE CHIRI} Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend So our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Offer:—SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
CANTON
SWATOW
BHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonda and other Public Funds, of the Chinese Government both at Home and Abroad.
SHOU 7. CHEN.
Manager.
161
Standard Ol of NJ.
331
BANK
65
Stone & Webster
1421
Studebaker Com..
61
The Business of the above Bank
Swift International
171
is conducted by the HONGKONG
97
30
Technicolor
87
& SHANGHAI BANKING COR-
35
273
Texas Corpn.
Texes Gulf Sulphur
351
ed on application.
3.
544
Timken-Axle
281
Trans-America Co.
41
61
221
20th Cent, Fox.
51
124.
Union Bag & Paper Corp.
103
Union Carbide & Carbon
62X
501
Union Pacific
77
314
United Aircraft,
418
12
United Airlines Trans
352 123
14
101*
United Corpo,
124*
United Corpn. 53 cum pt. " 26
121
United Gas Corpn.
60
United Gas Improvement
81
17
U.S., Industrual Alcohol,
131
U.S. Rubber ....
221 181.
231
US. Rubber 38 pid.
81
•
211
U.S. Smelting
53*
111
U.S. Steel
573
Interest Rates on Application,
674*
Vanadium
27
461
Vultee Aircraft
61*
0%%%
24
Walworth Co.
41
Away
HAVEL
kentmy
Manila
Calentin
isiphong
Nagunka
Honolula KADE
Jow York Paris
Beatti
00 Tintela '
Vazoparet
114
Warner Bros. Pict.
21
Westinghouse Elec.
92
56
Woodward Iron Cor.
28+
32
Chase National Bank........
291*
National City Bank
25*
211
Libby. Monell & Libby
31
DOW JONES AVERAGE
Feb. 17,
Change
119.18
Rails Utilities Bonds
26.79
18.04
11885 118,53 118.98 38.95 26,68 28.75 18.03 18.94 10.00
104 of
.04 off
89.85 Commodity Index 65.45
89.84 66.83
.01, off
- Business Done: 320,000 shares