.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY ANDTMTM
EXCHANGE
CLOSING QUOTATIONS FEBRUARY 22, 1941.
De London:-
Telegraphic Transfer. 1/2 78° Bank Bills, on demand 1/2 7/8 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
Telegraphic Transfer.
and demand
On New York:--
'Bank Bills, on demand 24
On Batavia:---
On demand ..........................
On Paris:-
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
פט 04...
קט 04, *
Total sales Wednesday:-15,200 bales.
The drat notice day for March Cotton is 26/2/41 and last day 19 14/3/41
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
FEBRUARY 21, 1941.
MONDAY, FEBRUARY 24, 1941:
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND CHINĂ
Issued Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 185
Paid-Up Capital £ 6,300,000 Reserve Fund
....£3,000,000
£1,000,000
.£3,000,000
H.. Currency Reserve $10,000,000 Reserve Liability of Pro-
..$90,000,000
Head Office:-HONG KONG
Chairman,
prietors
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.9. Sab-Agencies In London: 117/122, Leadenhall Street, E.C.3 West End Branch: 14/16, Cockspur Street, B.W 1 Manchester Branch:
82, Mosley Street, Manchester, L
AGENCIES AND "BRANCHES.
ALOR STAB AMRITSAR
BATAVIA
HONG KONG FENANG
MANDOO ILOILO
KOOR
IPOH KARACHI
BAIGON
BEREMBAN
BOMBAY CLAUTTA
BRANGBAT
SINGAPOR
SITIAWAN
SOUBABAYA
LUMPUR
TAIPING,
KUCHING
DAWNFORE CIB G COLOMBO
DILEI
TIENTSIN
MADEAS
TONGKAR
MANILA
(Bhuket)
MIDAN
THINGTAN
HAIPHONG
NEW YORK
PRIFING
(Peking)
Hon, Mr. A. Shields, Sir Vandeleur M. Grayburn,
- AQMNO159:
KLANO
CLAPK STEKET ECALA....
ATELIE PLACE
Chiet Manager. CANTON
Rangoon Saigon
Francisco BAMBURQ
HANKOW
Sourabaya
Patani Swatow
(Johore) Tientsin Mukden.
..Tokyo,.... New York Tsingtao
Yokohama Peiping
CURRENT ACCOUNTS opened
.
FOREIGN EXCHANGE and General Ranking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for. One Year or shorter periods in Lonal 01 Other Currencies at rates, which will be quoted on application.
SAVINGS ACCOUNTS 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 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 of terms which may be ascertained at
any of the Agencies and Branches. various sizes to let.
R. A. CAMIDGE, TRUSTEE
Manager.
BANKING CORPORATION
NEW YORK, Feb. 20, 1941,
New York Cotton; March .............. New York Rubber, March............. Chicago Wheat. May Chicago Corn, May New York Hides, March NEW YORK COTTON
12.78
311 792 791 603 614
611 12.65 12.61 12.61
Prev. Today's High Low Close Close Change
10.37 10.39 10.32 10.29
08 up 21.05 20.75 21,15 20.78b 37 off
812 611
Authorised Capital..... $30,000,000
Reserve Funds:
Sterling
1 up
off
STOCKE
Last Sale
Reserve Liability of
STOCKS
Last Sale
.04 off
Feb, 20.
Proprietors...
Feb. 20.
Close
Opening
Closing
Change
Adam; Express
51
Loew's Inc...
321
420
March
10.29/29
10.32/32
10.37/37
.03 up
Alleghany Steel Co.
201
Laft Incorperated
18+
May
10.28/28
10.29/29
10.34/34
.06 up
Allis Chalmers ..
29
Mack Truck, Inc.
36.
12.3/1
July
10.15/15
* 10.15/15
10.21/22
.08 up
Aluminium Ltd,
711*
Martin, Glen L
24
Board of Directors: Hon. Mr. J..J. Paterson,
October
.9.68/68
102 1/2
December
9.68/66!
9.68/88 9.65b, 67a
9.72 N
Amer. Can
McKesson & Robbins, pid." 241
9.70/70
.04. up
American Cyanamid - B.
32}
Montgomery Ward
351
January
Spot
9.64 N 10.80
9.63b/65
9.68 N
10.93
Amer. & Foreign Power
13/18*
M'tain City Copper Co.
23*
W. H. Lock, Esq.,"
Deputy Chairman,
is up
Amer Foreign $7 pi.
151+
+
National Aviation
87
J. K. Bouafold, Esq.,
Amer. Locomotive
13
Nat. Dairy Products
131
A. H. Compton, Esq.,
Amer, Metals Co.
107
National Distillers
213
L. J. Davies, Esq.,
Amer. Radiator
Credlis, 80 days' sight 24 3/4
NEW YORK RUBBER March
Amer. Rolling Kill
12
National Lead .......
16
Hon. Mr. S. H. Dodwell,
Nat, Power & Light
G. Miskin, Esq.,
21.15715
May
21.03/04
July (New contract)
20.40/41
21.00b/15a 20.78b/8ia 20.95b/992 20.73,73 unquoted 20.10/10
.37 off
Amer. Sting and Ring Co.
391
National Supply Corp.
5+
K. S. Morrison, Esq.,
.30 of
Amer, Sugar Refining
141
New York Central
121
Hoo. Mr. T. E. Pearce,
.30 off
Amer. Tel & Tal-
1571
Bank Bills, on demand Nom.
Niagara Hudson Power
23*
September (
}
**
20.27/27
20,20/25
19.93b/95a
.34 off
Amer. Tobacco, "B"
691
N. American Aviation
134
Credits 4 months' sight Nom.
On Saigon:-
Total sales:-870 tons. CHICAGO WHEAT
Amer. Waterworks
53
North American Co.
Anaconda Copper
234
Northern Pacife
61
. On demand
104
May
792/791
791/80
-811/815
1 up
Atchison, T. 8, Fe.
223
Owens-lincis Glass Co.
40+
Branches:
On Manila:-
July
75/75
751/751
75/751-
up
Aviation Corp:
37
Pacific Gas & Elec
261
Argy
Johore
On demand
48
September
758/751
.76/76
up
Baldwin Lecometive
147
Packard Mctors
21
Bangkok
Kobe
On Bangkok:-
Wednesday's sales:-9,853,000 bushels.
Baltimore & Ohio
3+
Pan-American Airways
∙123
Batavia
Kowloon San
TOKOHAMA
On demand
CHICAGO CORN
Barber Asphalt Co.
да
Paramount Pictures
103
Bombay
Kuala
On Sterling Notes:-
May
611/611
611/611
611611
off
Barnsdall Oil
Β
Bank Buying Rate
Noir.
July
601/601 6047604
Б04/603
1 "off
Bendix Aviation
347
Pennsylvanis R.R
223
Calcutta
Lumpur Shanghai
Canton
London
Bar Süver per os.
23 3/8
September
60,60
591/591
i off
Bethlehem Steel
Phillips. Petroleum,
361
Singapore
Chefoo
Брода
Public Service of N.J.
261
NEW YORK HIDES
Bliss Co.
152
Colombo
Malacca
Sungei
Pullman Inc.......
#23
Market Report
March June
12.85/65 12.70/71 12.72/74
Dairen..
Manila
12,61/65
.04 off
Boeing Airplane Co.
141
Pure Oll
73
Foocbow Muar...
12.80/82
12.78/81
06 up
Borg-Warner
18
FROM ROZA BROS.
Total sales for the day-231 contracts. NEW YORK COCOA February 22." Silverprices were unchanged March
Briggs Mig.
211
Radio Corpn. of Am. *.***
4
Haiphong
Budd. M'facturing Corp.
32
Reading Company,
Com
123
Bankow
5,66/08 $.73. N
5.70/70 5.78/78
5.78 N 5.84,85
12 up
Canadian Pacific R'was ...
31
Remington Arms. Co., Inc."
41*
Harbin
.11 up
Case, FL
471
Republic Aviation Corp.
31
Iloilo
Celanese............
23
Republic Steel
18
Ipoh
Penang
2.09b/11a 2.15b/16
01 up .02 up
Chesapeake & Ohio
40
Revere Corp.
&
48
Chrysler Corpn........
во
Reynold Tobac. "B"
32
Safeway Stores
38
Columbia Gas & Elec.
Commercial Credit Co.
291".
Schenley Distillers
91
Sears Roebuck....
71
.63b/694a .66b/.70a .72b/.73ła ib/.75a
.69b).70ja .72b/73a
.01 up unch.
Com, & Southern (Ord.) ...
11/16
Shell Union Oil
11
Consolidated Edison
201
Consolidated of
Socony-Vacunum of
84+
"Continental Can
37
Southern Pacific
33
Continental O
171
Southern Rly :35 pfd
211
and
EXECUTOR
July
11.55b/60a 11.44b/50a 34-3/4
11.52b/65a 11.65b/74a .10 up 11.40b/50a 11,55b/803 11 un
34-3/4 4.02-3/4
Copperweld Steel
14%
Spicer Manufacturing Co. 32
business undertaken.
Curtiss Wright (C.)
71.
Standard Brands
B
Curtiss Wright “A”
26
8tand Gas & Tec.
7*
Deere & Co.
19
Standard Oil of California
18
HONGKONG SAVINGS
Distillers Corpn. Seagrams
161
Standard Oil of N.J.
334
BANK
Douglas Aircraft
65
Stone & Webster
Du Pont de Nemours
143*
Studebaker Com
G+
The Business of the above Bank
BANK OF EAST ASIA,
Eagle Picher Lead
34
Swift International
171
is conducted by the BONGKONG
Eaton Mfg. Co.
301
Technicalor
9
& SHANGHAI BANKING COR-
Elec. Autolite
281
Texas Corpo
357
ed on application.
Elec Bond & Share
3.
Texes Gut Sulphur
351
19
432.1/2 sellers for Spot
SHANGHAI MARKET.
Elec. Bond & Share $5 pt. 524*
Timken-Axle
287
BANKING CORPORATION.
..2,093,251.50
February 22.
Elet Bond & Share $6 pi.
601
Trans-America Co.
41
Elec. Power & Light $7 pf. Fittkote
281'
20th Cent. Fox.......
51
13
Union Bag & Paper Corp.
10%
Gen. American Trans.
514
Union Carbide & Carbon 634
Gen. Electric
312
Union Pacific
411
United Aircraft
37
Gen Motors ......
Gen. Rallway Signal
13.
United Airlines Trans
7. M. GRAYBURN,
Chiel Manager. Hong Kong. 25th Feb, 1839.
THE CHASE BANK
CENTRAL 15, QUEEN'S ROAD,
i
Gen. Tire & Rubber
11
United Corpn.
in transmission.
£
War Loan, 34%, (Red.
R.K. Govt. 31% Loan 1934, 94.25. Unton Ins., $411. -H.K. Fire Ins., $170.
Glidden Co
134
United Corpa. $3 cum pf.
HEAD OFFICE:
Goodrich (B.F.)
13
United Gas Corpn. .......................
59+*
United Gas Improvement St
16, PINE STREST.
NEW YORK.
Goodrich $5 'pf.
Opening
after 1952)
London
0/3-3/8
Defence Loan, 3%
103-9/16
101)
Providents, $5.75.-
Goodyear Tire & Co.
17*
US. Industrual Alcohol.
211
Lands 4
Debentures, $97,50.
Great Northern Iron Ore
134
U.S. Rubber
191
5-1/2
Janton-Kloon Rly. 5%
33
Trams, $17.50
Japan
23-3/8
Great Northern Rly, pid.
243
US. Rubber $8 pid,
83
Chinese 41% Gold Loan
Lights (Old), $6.10.
Great Western Sugar
21+
U.S. Smelting
59
in the principal Markets of the world...
Amer
4
India
18-3/4
1898. (Brit. Issue
44
||
Paris
nominal
Hongkong
22-3/3
Chinese 5% Gold Bonds.
1925/47
42 to 47
Sterling
Chin. 41% Anglo-French
Sellers
Loan, 1908
Electrics (New), $41.50.
SELLERS
H.K. Goyt, 34% Loan 1934, 95.
Hotels, $3.60.
Greyhound Corpn.
111
U.S. Steel
57;
Interest Rates on Application.
Hercules Powder, Co.
68
Vanadium
27
Homestake Mining
47
Vultee Aircraft
61*
SAFE DEPOSIT BOXES
Int. Nickel
241
Walworth Co.
5k
03:4
Boubey
alanilla
Dakonite
Melbgarne
Haiphong
Nagraka
pankow
New York
trolulu
PAZI
Kote
45
Chinese 5% Crisp Loan.
Trams, $17.75.
Inter. Paper & Power
12
Warner Bros. Pict.
27
Opening
Closing
Spot
Feb.
0/3-15/32 0/3-15/32 0/3-15/32 0/3-15/32
1912
26
SALES
Int. Tel. & Tel.
22
Westinghouse Elec.
931
Chinese 5% Reorg. Loan
Trams, $17,60/17.50,
Johnsman
574
Woodward Iron Cor.
23*
Mar.
0/3-29/84 0/3-29/64
1913.Ldn. Is.)..
34
Electrics (Old), $42,25,42.
Kennecott Copper.
322
Chase National Bank
29
Spot
Feb.
Mar.
U.S. Dollars
$5-21/32 $5-21/32 5-21/32 5-21/32 5-5/8
5-5/8
Market:--Quiet...
Silver Duty Rate
The Central Bank of China's
rate on London at 10- a.m. today was 1/2-1/24/
(LP. N/Y Issue)
Hukuang Rly, 5%, 1011
German Lasne)
The Equalisation rate was 24shat-N'King Rly. 5%...
per cent
American Market Holiday
Chinese 8%. Bter. Notes.
1925 (Vickers) Chin Imperial Rly. 5% : Loan Honan Rly, 5
Electrics (New), $42.15/42.
Libbey-Owens-Ford Glass
35
National City Bank
251
Lockheed Aircraft
221
Libby, Monell & Libby
--
10
Hukuang Rig 5%, 1911..
HONGKONG
SHAREBROKERS'
ASSOCIATION ·
Volume of Business Transacted on Saturday, Feb, 22, 1941.
Yesterday, the quotations remain-May
for Ready and NEW YORK SUGAR NO. 3: 23:3/B ing at 23.5/15 for Forward, Silver ad-
March vices reported the market as be- ing steady and featureless. Amer. can Silver was quoted at 34.3/4
for Spot
York eross quoted at 402,1/2 New York-London was quoted at 403.1/4
The London-New rate was
MARKET
Duil. Nothing doing
STERLING
There were sellers at 1/3 Feb.- April, buyers at 1/3.1/32 for Casli
US. DOLLARS
Sellers at 24.3,8 for Cash. buy- ers at 24.12 for Cash,
SHANGHAI DOLLARS
Sterling at 3.15/32 and U.S. Dol
2.08b/09a ...... 2.13b/l4s
May...
Volume of business done:-576 lots. NEW YORK SUGAR NO. 4:
March May
Volume of business done:-232 lots. The Last notice day for March is 28/2. NEW YORK COPPER FUTURES March
NY, Oficial Sliver
NY-London. Cross Rate 4.02-3/4
NOTE: All American markets will remain closed on Saturday, Feb, 22(Washington's Birthday).,
LONDON STOCK
EXCHANGE
..(REUTER'S SERVICE
London. Feb. 21.
H.K. STOCK
EXCHANGE
The feature of the market today
The following quotations are the was a sharp rise in Electrics, as a
tars at 5.21/32. both sellers for middle prices at the close of the result of the announcement made Spot,
Shanghai Exchange
Shanghal, Feb, 22 (Reuter)
Official T.T. Rates
New York
market in London. All quotations yesterday of a new issue of shares
are subject to confirmation and no and a declaration of "dividend. responsibility is assumed for errors
BUYERS
42.25
350, 41.40
.125
100 42.25
1940/41 1
Feb. 21, 1941.
High Low Close 120.52 118.84 119.99 27.14 26.78, 27.09
Change 2.06 up
LIMITED
PORATION.. Rules may be obtain-Authorised Capital
For the HONGKONG & SHANGHAI
Paid-Up Capital
Reserve and Undivided
Profits
$10,000,000,00 5,598,600,00
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director.
HON. SIE SHOUSON CHOW, Chairman
Li Kodh Chun, Esq.
P.K. Kwok, Emq...”]
Li Lan Sang, Esya Wong Chn Son, Esq
Wong Tun Tong, Esq. Fung Ping Wah Esq. Chama Ching Shck, Beq.
KAN Toxa Po, Esq., Chief Manager
MR. LI TE FONG, Manager
An American Bank offering com-HON.
plete Foreign Banking Service)
This Bank is entirely owned by THE CHASE NATIONAL, BANE, NEW YORK, with Resources of Over: U.S.$3,800,000,000 -
D. L. BALLANTYNE,,.
Batavia
Branches and Agoneres:
Kowlook
Lourteo
Paputx
Paving Singapore Kangoon Bourabaya. Saigon Swatow
San Fran- Sydney
aison funtat=" Beattie VARCOATST
Shanghai
Every description of-Banking and Exchange business transacted. Lomna grunted on approved securities..
Current Accounts opened in: Local Manager.Currency and Fixed Deposits, re- or shorter Iceived for one year
periods in Local and Foreign Our- rencies on terms which will be
A job?
.:
zarc
WANT ADS
INDO-CHINA
24.25 STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengere
TO-
'DOW JONES AVERAGE
Lung Tsing & U
Hai
Rly. 5% 1913
འའ་ཁ
High
SALES
16
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
China Lights (0.) China Providents H.K. Electrics (0)
500 $ 6.20 350 5.75
100 42.25
Low Dow Jones Averages 159.80 111.84 30 Industriala.
32.87 22.15 20 Rails
Utilities 28.45 18.03.20 92.19 83.06 40 Bonds. 81.07 48.47 11 Commodity Index
Feb. 19, 117.94
26.66*
.53 up
",
18.01
18.95 18.78 18.88
.05 up
89.58
56.40
89.82 59.76
.26 up
,26 ap
Business Done:-450,000 shares
15
5
50 42.25
Calcutta Exchange
Calcutta, Feb, 22 (Reuter). TT. on Japan, 81-1/4.
All American markets will re.Tientsin-Pukow Rly. 5%
German Stpd.) main closed on Saturday, Feb. 22
Tientaln-Pukow Rly, 5% (Washington's Birthday).
(Brit. Stpd. Supl. Loan), 15 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl, Loan) Jap. 5% Ster. Loan, 1924 Ger, 7% Intl. Loan, 1924 Chartered Bank
HK, Electrics (N.)
15
H.K, Lands
200 33.60
·150 33.60
15
H.K. Tele. (O.)"
200
21-24
51
2125
71
The total value is $52,056,25.
India Rupee Paper
Bombay, Feb. 22 (Reuter). Govt. 31 Rupee, 94-12-07
HK. & S'hal Bank (Ldn
Reg.)
73
H.K. & Bhai Bank (Col
Eer)
i.
76
Chinese. Eng. & Mining
- (bearer," s
18/-
LONDON METALS
EXCHANGE
London, Feb. 21 (Reuter).
Tin, Standard, Cash, Middle
Price £283.
Price, £276-7/8.
I
on
Tin, Standard, 3 months, Middle Gula Kalumpong Rubber 15/7)
Lon, Mid, & Scot., Rly. 132. Market Atrong continued Great Western Rly......... 351 · American buying of cargos afloat, National Bank of India 32 but speculative week-end profit-B-A Tob (bearer) taking caused the prices to close Dunlop Rubber. below. After hours, business was Bristol Aeroplane done at £282 and 276 respectively. Imperial Chemical Ind
United Steel Turnover 55 tons,
-90/71
32/8....
Chosen Corporation
41-
Mercantile Bank of In
dia. £5, "G"
Pekin Syndicate
8'hal Elec. Constr., Co....
bal Waterworks “A”
Union Insurance
11-1/8 1/8 16/- 13-1/2 20
Indian Mint Silver
Ready Mar, 24 Bet ment April 22'S .ement
62-15
62-12
82-12
SILVER MARKET
BOMBAY SILVER
Bombay, Feb, 22 (Reuter). Market-Quiet but steady. Off- take. 125 bars.
Woolworths
52
Maraman Investments.. Western Holdings ....... Sub-Nigel
8/3
9/9
34
(Dearor)
147/6
40/71
20/9
-bla
10/0 shell Trans, & Trad
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
BANDAKAN
HAIF HONG
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. LTD. TELEPHONE ZOZIŁ· GENERAL MANAGERS &
quoted on application."
SAFE CEPOSIT BOXES TO LET.
KAN TUNG, PO,
་
Chief Manager.
1
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE :
***BANK
PAID-UP CAPITAL $40,000,000.
(BRANCHES ALL OVER CHINA) Oving to our numerous Branenes in China and connections in the principal Commercial Centres of ine World, we are able to extend to our Clients special facilities for, Domestic and Foreign Banking soc Exchange.
Head Office:-BHANGHAI Hong Kong Branch:
JA
4. QUEEN'S ROAD, C. South China Officer:
CANTON
SWATOW SHIUCHOW
f1"
KONGMOON TOISHAN KINGCHOW...
We also: handle the issue of Bond and other Public Funds of the Chinem Government both at Home and Abroad.
SHOUJ CHE
Manager,