21 up
it up.
STOCKS
.32 up
Adams Express
Close
Opening
Closing
Change
Alleghany Steel Co.
March May
10.30/30.
10.35/35
10.34/84
.04 up
Allis Chalmers
10.28/28
10.31/31
10.34/34
.08 up
Aluminium Ltd.
10.15/16
10.20/20
10.28/28
.13 up
Amer. Can
Transfer.
October December
82 1/2 January
Spot
9.77/78
9.52/82
9.91/91
,14 up
American Cyanamid B.
9.76,76
9.80/80
9.89/89
13 up
Amer. & Foreign Power ...
9.73 N 10.86
9.80 A
9.87 N 10.90
.14 up
Amer & Foreign $7 pt."...
.04 up
Amer. Locomotive
Amer, Metals Co.
Amer, Radiator
Amer. Rolling Mill
On Batavia :---
On demand
Of Paris:-
Amer, S'ting and Ring Co. 401
..........$5
Amer, Sugar" Redning
Amer. Tel, & Tel.
March......
May
20.78b/78a 20.72/72
July (New contract) ... 20.20/20
September (
20.00 N
21,15 A 20.88b 20.87h/82a 20.80/80 *20,206/400 20.30/30 .20.14/14 20.10/12
12 up
Amer. Tobacco -“B”
08 up
Amer. Waterworks
10 p
Ausconda Copper
.10 12p
Atchison, T. & 8. Fe.
On Manila:--
On Bangkok:-
On demand...
1
Total sales:-540 tons.
Aviation Corp.
48
Baldwin Lecomptive
· PAGE 10-HONGKONG DAILY PRESS
FINANCE-
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS.
FEBRUARY 25, 1941,
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai:--
On demand
425
62'3/4
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
NEW YORK, Feb. 24, 1941,
New York Cotton, March New York Rubber, March Chicago Wheat, May Chicago Corn, May New York Hides, March
NEW YORK COTTON
Prev. Today's
High Low Close Close Change 10.39 10,32 10,30 10,34 .04 up 20.85 20.85 20.76b 20.88b 12 up
811 801 802 833 83 601 601 617 13.01 12.82 12,85, 12.97.
On Singapore:-
On demand
On Japan:-
On demand
On India:-
Telegraphic
and demand
On New York:-
.... 102 1/2 July
Bank Bills, on demand 24
Credlis, 60 days' sight 24 3/4
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
On Saigon:-
On demand
On demand
Total sales Friday:-63,900 bales.
The Arst notice day for March Cotton is 25/2/14 and last day is 14/3/41.
NEW YORK RUBBER
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
FEBRUARY 25, 1941.
WEDNESDAY, FEBRUARY 26, 1941.
HONGKONG &
BANKS
SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 188#
Reserve Funds:
Paid-Up Capital Sterling
.....£8,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
.....£3,000,000 .......£9,000,00
pristors
.£3,000,000
HEAD OFFICE; LONDON:
*38, Bishopsgate E.C.. Sab-Agencies In London:
"117/122, Leadenhall Street, E.C.a
West End Branch;
14/16, Cockspur Street, S.W!
Manchester Branch: 62, Mosley Street, Manchestar, “9.
AGENCIES AND BRANCHES
HONG KONG FINANG ILOILO
IPOR
. Last Sale
STOCKS
Lant Sale
Feb. 24.
Proprietors
.$20,000,000
Feb. 24.
52
Loew's Inc.
321
Head Office:HONG KONG
207
Loft Incorperated
16)..
291
Mack Truck Inc.
27
70+*
Martin: "Glen L
25
85+
334
McKesson & Robbins, pfd. 261 Montgomery Ward
151
13/16d Mtain City Copper Co.
361
3
Board of Directora: Hon. Mr. J. J. Paterson,
Chairman. W. H. Lock, Esq.,
Deputy Chairman.
4
National Aviation
te
J. K. Bousfield, Esq.,
134
Nat, Dairy Products
137
163
National Distillers
A. H. Compton, Esq., L. J. Davies, Esq.,
National Lead
Hon. Mr. S. H. Dodwell,
13
Nat Power & Light
National Supply Corp
151
New York Central
1602
.* | Niagara Hudson Power
691
N. American Aviation
14
53.
North American Co.
234
154
Northern Pacific
6+
231
Owens-lincis Glass Co..
Branches:
427
38
Pacific Gas & Elec
151
201
Amoy
Johore
G. Miskin, Esq.,
K. 8. Morrison, Esq., Hon. Mr. T. E. Pearce,"
Hon. Mr. A. L Shield,
Sir Vandeleur M. Grayburn,
Chief Manager.
Rangoon
CALCUTTA
KORI
Clive Star KUAZA
ALOK STAR AMBITUAR BANGKOK BATAVIA
RANGOON
BALOON
BEREMBAN
KARACHI
BOMBAY
BHANGHAI
KLANO
BINGAPOR
AGENCIES:
FAIRLIN PRACE
CANTON
BITTAWAN
BOURABIYA
LUMPUR
TAIPING
ALEXO
CAWNPORI
COLUMBO
KUCHING MADRAS
TLENTIN TONGKAH
MANILA
(Bhuket)
Packard Motors
21
Bangkok
Kobe
CHICAGO WHEAT
Saigon DELAI
MRDAN
Baltimore & Ohio
31
149 1/2
Pan-American Airways
Batavia
Kowloon San
HAIPHONG NEW YORK
TSINGTA YOKOHAMA
Tuesday, Feb. 25
märket as being steady and fea- June
"
On Sterling Notes:-
Bank Buying Rate
Bar Ailver per o... 23 7/18
Market Report
FROM ROZA BROS.
Silver prices rose 1/16 yesterday September
for both deliveries, the quotations
being 23.7/16 and 23.3/8 respec- NEW YORK HIDES
tively, Silver advices reported the March
May July
301/81
Norn.
September
802/808 752/75] 751/754 ........... 753/752 ·
831/832
21 up
Barber Asphalt 'Co.
BI*
127
Paramount Pictures
J
107
Bombay
Eusia
Francisco HAMBURG
791/791 791/791
31 up
Barnsdall On
7%
31 up
Bendix Aviation
347
Pennsylvania R.R.
234
Canton
London
Phillips Petroleum
Singapore
36
Bethlehem Steel
78
Chefoo
Lyons
Sourabaya
Friday's sales-3,908,000 bushels.
Public Service of NJ,
Bliss Sz Co.
151
261
Colombo Malacca
Sungei
Pullman c........
24
Dairen Manila
CHICAGO CORN
Boeing Airplane Co.
152
Pure Ou....
to
Foochow
Muar
Swatow
Borg-Warner
19
May July
60/608 601/601 803/601 60/201 591/591
612/82
-Briggs Mig.
211
Radio Corpn. of Am.
41
Haiphong
611/61
1 up
Reading Company, Com
134
Hankow
Budd M'facturing Corp.
34
61/61
1 up
Remington Arms Co., Inc.
4*
Harbin
Canadian Pacific R'way ..
31
Iloilo
Republic Aviation Corp.
4
Case, JI
47*
Ipoh
Celanese
23
Republic Steel
Peiping Penang
187
...... 12.65/65 12.82/63 12,79b/80a 12.79/79
12,97/13.00 13.16/18
.32 up
Chesapeake & Ohio
Revere Corp.
81*
407
37 up
Chrysler Corpn..
654
Reynold Tobac. "B"
323
tureless. American Silver was quot-
ed at 94.3/4 for Spot.
The London-New York cross. NEW YORK COCOA rate www quoted at 402.1/2
New York-Londen was quoted at) 403,1/2
Total sales for the day:-270 contracts.
Columbia Gaj & Elec.
"'37
Safeway Stores
38+
Commercial Credit Co.
30
Schenley Distillers
94
Sears Roebuck
*72
Com, & Southern (Ord.)
11/16
Shell Union Oil
111
March
May
5.84/85 5.93/93
5.92/92
6.01 N
17 up
Consolidated Edison
21
5.98/99.
6.13 N
20 up
Consolidated Off
51
Socony-Vacunum 01
8
Bouthern Pacific
87
various sizes to let
Continental Can
37
MARKET
Duli
NEW YORK SUGAR NO. 3 March May
Southern Rly $5 pfd.
22
TRUSTEE and
Continental Oli
174
1
May
Feb.
Mar
Spot
Feb.
Mar
5-17/32 5-17/32
War Loan, 3% (Red
after 1952)
Defence Loan, 3% Canton-Kloon Rly. 5% Chinese 41% Gold Lan
1898 (Brit Issue Chinese 5% Gold Bonds.
1925/47
42
Chin. 44% Anglo-French
Loan, 1908
45*
Chinese 5% Crisp Loan.
1912
24
NJ
SILVER MARKET
Chinese 5% Reorg Loan.
1913 (Ldn. Is.)" Chinese 3%, Ster. Notes.
1925 (Vickers)
-31
STERLING
There were sellers at 13 Feb..
Volume of business done-447 lots. April, buyers at 1/31/32 for Cash C. 5. DOLLARS
NEW YORK SUGAR NO. 4 Sellers at 24:3/8 for Cash, buyers March at 24.1/2 for Cash
SHANGHAI DOLLARS Sellers were quoted at the open- Ing at 437 and at the close there were sellers at 441
Volume of business done:-35 lots. The Last notice day for March is 28/2. NEW YORK COPPER FUTURES March July
SHANGHAI MARKET Opened with "tellets at 2.27/64 "for Spot. Last, advices indicated NY. Official Sliver
Aellers at 5.25/64 for Spot, U. s. NY-London Cross Rate 4.03-1/4
Dollars opened with seliers "at 5- 9/18 for Spot. Last advices, in- | dicated sellers at 5 17/32 for Spot.j
Shanghai Exchange
Shanghai, Feb. 25 (Reuter),
Sterling
Spot
Sellera
Opening Closing 0/3-27/64, 0/3–13/32 0/3-27/64 0/3-13/32. 0/3-13/32 0/3-25/84
U.S. Dollars
$5-9/18 $5-17/32
5-9/16 5-17432
Market--Quiet.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am. today was 1/2-1/2d.
The Equalisation rate was 24+ per cent.
Calcuna Exchanke
Calcutta, Feb. 24 (Reuter).
TT. on Japan, 81-1/4
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Feb." 24. The following quotations are the middle prices at the close of the market in London, All quotations are subject to confirmation and no responsibility is assumed for errors
n transmission.
FEDERAL RESERVE Gen Railway Signal
RETURNS
New York, Feb. 24 (Reuter). Feb. 11 Feb. 18
(000's omitted) Total loans $ 9,377,000 $9,423,000 Investments 16,871,000 18,958,000
Gen. Tire & Rubber Glidden Co,
Goodrich (B.F.)
2.09b/108 2.15b/16a
2.13b/14a. 2.18b/19a
04 up.
Copperweld Steel
15
Spicer Manufacturing Co.
31**
business undertaken.
PRIPING
Calcutta Lumpur Shanghai HANKOW (Peking)
Patani
(Johore) Tientsin
Mukden Tokyo New York
Tsingtao Yokohama
CURRENT ACCOUNTS opened
FOREIGN EXCHANDR and Geners! Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Co. Year or shorter periods in Local of Other Currencies st rates which will be quoted on application.
SAVINGS ACCOUNT 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
jany of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
EXECUTOR
.03 up
Curtiss Wright (C.)
81
Standard Brands
61
Curtiss Wright “A”
26%
Stand Gas & Elec.
Deere & Co.
19
Standard Oll of California
181
Distillers Corpn. Seagrams
17
Standard Olof NJ.
34
HONGKONG SAVINGS
BANK
704b/.71ła unquoted 731b/.7418 751.75
70b/7la .73b/.74a
.00 off
Douglas Aircraft 1......
70
Stone & Webster
82
.40% off
Du Pont de Nemours
144)
Studebaker Com.
The Business of the above Bank
Eagle Picher Lead.
9
Swift International
is conducted by the HONGKONG
171
& SHANGHAI BANKING COB.
נו
Eaton Mfg. Co.
314
Technicolor
Elec. Autolite
291
Texas Corpa.
36
ed on application.
Texes Gulf Sulphur
35*
Elec Bond & Share
31
11.67b/74a
11.5 b 63a 34-3/4
11.74/80 11.50b/65a
11,73b/80a
.06 up 11.80b/85a 03 up 34-3/4 4.03-1/2.
Elec, Bond & Share $5 pr.
53*
Timken-Axle
Elec Bond & Share $6 pt.
603
Trans-America Co.............
Elec, Power & Light $7 pf. 29 Fintkote
20th Cent. Fox
134
Union Bag & Paper Corp.
101
Gen, American Trans",
50
Union Carbide & Carben
841
Gen. Electric
321
Union Pacific
781
Gen. Motors
427
United Aircraft
381
13*
United Afflines Trans ......
13
THE CHASE BANK
13, QUEEN'S ROAD, CENTRAL
11
United Corps,
124
United Corpn. cum p.
254
HEAD OFFICE:
134
United Gas Corpn.
11/16
Goodrich $5 pt.
60
United Gas Improvement
8
18, PINE STREET.
NEW YORK.
Goodyear Hire & Co.
181
U.S., Industrual Alcohol
22}/
Great Northern Iron Ore
137
U.S. Rubber
20
Great Northern Rly, pid.
25
US, Rubber $8 pfd.
841
Great Western Bugar
22
US. Smelting
594
in the principal Markets of the world.
Greyhound Corpn.
11
U.S. Steel
57+
Interest Rates or Application..
Hercules Powder Co.
Vanadium
28
11omestake Mining
463
Vultee Aircraft
6.
£
J
103-1/2
S'hal Waterworks "A" Unlun Insurance
20 zula. Kalumpeng Rubber 15/7) Lon., Mid, & Scót., Rly. 12t
13-1/2
Int Nickel
241
Walworth Co.
J
Inter. Paper & Power
127
Warner Bros. Pict.
3
Int. Tel. & Tel. Johnsman
21
Westinghouse Elec.
954
584
Woodward Iron Cor.
281
1011 11
Oreat Western Rly,
3311
Kenstecott Copper
33
National Bank of India 32
Libbey-Owens-Ford
Glass 364
Chase National Bank ...... National City Bank
301*
25+
8.-A, Tob, (bearer)
58/9+
Lockheed Aircraft
234
Libby, Monell) & Libby
Dunlop Rubber
32/71
Bristol Aeroplane
10/6
40-44
Imperial Chemical Ind. 30
DOW JONES AVERAGE
United Steci .....
20/9
Woolworths
52
1940/41
Margman Investments ... 6/3 Western Holdings Sub-Nigel
High Low Dow Jones Averages
Feb. 21,
9/3
143/9
152.80 111.81 30 Industriale
32.07 22.15 20" Raila
120.24
27.15
Thell Trans &
(hearer)
Trad
26.45 18.03 20 Utilities
19.00
Feb. 26, 1941.
High Low Close 121.74 120.44 121.19 27.43 27.07 27.38 19.19 18.00 19.00
Change
Authorised Capital
Subscribed Capital
20 up.
Paid-up Capitel.
1.25 up
BANK OF EAST ASIA, LIMITED
PORATION. Rules may be obtain-Authorised Capital......$10,000,000.00
For the HosoSONO & SHANGHAI
BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong 25th Feb., 1930.
Paid-Up Capital 5,505,000.00 Reserve and Undivided
.2,983,261.30
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director.
HON. SIR SHOUаON CROW, Chairman Li Koon Choo, Esq. Li Laa Sang, Esq. P. K. Kwok, Esq.
Wong Cha Son, Esq.
Wong In Tong, Esq. Fung Ping, Wah Exq, Chan Ching Shek, aq,
KAN TONO PO, Esq., Chief Manager
An American Bank "offering com. | Hox. Ma Li Tee Fono, Managır.
picte Foreign Banking Service
SAFE DEPOSIT BOXES
This Bark is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources of over U.8.$3,800,000,000.
D. L. BALLANTYNE,
Hombay Ominatin
Branches and Agencies:
Haiphong
Xawioda Penang || Mingapor
Loudon
Manila
Hasgood Bourabaya
Dwator Helbenme Bad Fran- Sydnor Saganaka
alg Tila New York Bottle VADODATI Parle
Felpa
Every description of Banking and Exchange business transacted. Loana grunted on approved securitana.
Current Accounts opened in Luczl Manager, Currency and Fixed Deposits re Iceived for opa year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE LEPOSIT BOXES To' Lar.
KAN TONG PO,
Chief Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head omco:-, Gracechurch Street, London, ECS
Profits
Amoy
Башко
molatu
Shanghai
Reserve Fund and Best,
.05 up
92.10 83.08 40 Bonda
89.88
40/76
8-10
-bid
-ex div
04.07 48.47 11
1.
Commodity Index
56.50
90.00 $57,84
.12 ap 1,05 up
BANKERS;
23,000,000
£1,500,000
21,050,000
£1,256,639
ぶ
Business Done:-350,000 shares
Chip. Imperial Rly, 5%
LONDON SILVER
Loan
"47
London, Feb. 24 (Reuter),
Juan Ely, 5%
14
Silver-Small trade demand Aukuang Rly 5%, 1911...
14
The Bank of England and Midland
Bank. Ltd. BRANCHES:
Bangkok Ipob
INDO-CHINAL
STEAM NAVIGATION COMPANY LTD
with few offers. Market steady. LP. N/Y Issue
In the afternoon, the market was Hukuang Rly. 5%, 1911 quiet and featureless, with na
business...
Spot 23-7/18d.
Forward, 23-3/80.
LONDON METALS
EXCHANGE
Gerthan Issue>
Lung Tsing & U... Hai.
Rly. 5% 1913
12.
|8′hai-N'King Rig. 5%
14
Tientain-Pukow Rly. 3%
(Brit. Stpd.)
Operating Services for Cargo and Passengers
12
TO-
'London, Feb. 24 (Reuter),
Standard. Cash, Middle
Tientsin-Pukow Rły, 5% (German Stpd.) ........ Tientsin-Puków Rły. 5% (Brit. Stpd. Supl. Loan) Tientsin-Pukow "Rty. 5% Ger. Stpd, Bupl; Loan)
12
12
12
and TIENTSIN
Tin.
Price, £278-1/2.
Tin, Standard, 3 months, Middle Jap. 6% Ster, Loan, 1924 21-24 Price. £273-3/4.
SWATOW, SHANGHAL, THINGTAU, CHEFOO
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside
Ger. 7% Intl. Lóan, 1924 (51
Speculative profit-taking is find. (Chartered Bank ing an unreceptive market, 99 HK. & S'hai Bank (Lan
77
the Roosevelt Terminal in
the French Concession at
Peg) aryat 8279-1/2 and £273-1/2. | Chinese Eng. & Mining Turnover 75 tons,
dealers are waiting for fresh poli Reg., tica, developments. After hours, LK, & Bhai Bank (Cnl. trading continued to be reaction-
73
Bhanghai, where passengers
and cargo are landed.
76
For further particulars
please apply to
(bearer)
17
LONDON GOLD
Chosen Corporation Mercantile Bank of In-
4/-
dla. £5, "0".
London, Feb.. 24 (Reuter). Bar Gold, Fine per oz, 168/-
Pekin Syndicate.
ishal Elec. Constr. Co. .....
11-1/8 1/8 15/-
JARDINE MATHESON&Co.,LT
TELEPHONE DROBILO GENERAL MANAGERS
Kuantan Kandy Karachi
Kota Bharu Kuala Layla
Kuala Trengg Hadrag New York
Penang Rangoon Shanghai Simil
Ennis Lumpur. Singapore HONG KONG BRANCH:
་
Every description of Basking and Exetert business trenacted, TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
CURRENT ACCOUNTS opened in Loon! Our rency and FIXED DEPOSITS roomired in Lock Carreary & STERLING terms that may be issertained on spy eatin
B. BENSON,“
What do
you
"Yang
want ?
If there anything you want to buy or sell, try. & small Classifed advertise- ment in the Hong- kong Daily Press;
25 words $1.50. prepaid for 3 insertions.
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) Owing to our numerous Branques in China and connections in the princips! 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, C. South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other. Public Funds of the Chinese Government both at Hume and Abroad.
SHOU J. CHEN,
Manager.