Lumpur Shanghai London Singapore Sourabaya
Colombo Malacon Sungei
Patani Foochow MUAR
Swatou Haiphong (Johore) Tientsin Bankow Mukden Tokyo
New York Tsingtao Peiping Yokohama Perang
MEDAN
KRW YORK
PRIPING
(Peking)
TIENTSIN
KONGLAN
(Phuket) TOINGTA YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
Prev,,, Today's
High Low 10.43 10.38 20.05 20.59 831 822 813 61 13.06
12.89 12.97
Close Close Chinge 10.34 10,42 08 up 20.88b 20.00 .28 off 831 821 t of
61 612
12.95
Close
Opening
Closing
7 off 02 off
Change
STOCKS
Adam Express
On demand
430
On Singapore:-
March
On demand
....... 62 3/4
May
On Japan:-
July
On demand
102 1/2
October
On India:-4
December
January
Spot
Alleghany Steel Co.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS FEBRUARY 26, 1941.
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai:—
NEW YO
COMMODITY MARKET
(REUTER'S SERVICE)
NEW YORK, Feb. 25, 1941.
New York Cotton. March New York Rubber, March Chicago Wheat, May Chicago Corn, May New York Hides, March NEW YORK COTTON
NEW YORK STOCK EXCHANGE
QUOTATION (REUTER'S - SERVICE)
FEBRUARY 26, 1941,
THURSDAY, FEBRUARY 27, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. #50,000,000
INDIA, AUSTRALJA
AND CHINA
Issued & Fully Paid-Up #90,000,000 | Incorpumted by Royal Charter, 1800
Reserve Funds: Sterling
Last Sale
STOCKS
Laat Sale
Feb. 25
£6,500,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Proprietors
£3,000,000
£3,000,00
Reserve Liability of Pro-
.$20,000,000
prietors
£3,000,000
Feb. 25
HEAD OFFICE: LONDON:
ht
'Loew's Inc.
32
Head Ofce:--HONG KONG
21
10.34/34
10.39/39
10.42/43
.08 up
Left Incorperated
16/
Allis Chalmers
++
291
... 10.34/34 ..
10.37/57
10.39/40
.05 up
Mack Truck Ins
27+
Aluminium Ltd,
no
10.23/28
10.30/29
10.33/33
,05
Martin, Glen L
Board of Directors: Hoa. Ms. J. J. Paterson,
up
26
Amer, Can
871
8.91791
9.95, 00
9.94,94
.03
210
| McKesson & Robbins, pfd.
American Cyanamid B.
331
9,8)/89
9.94/94
9.91/91.
.02 up
Montgomery Ward.
371
W. H. Lock, Esq.,
Amer. & Foreign Power
15/16*
On Batavia
Telegraphic Transter. 199 1/2
and demand
On New York:----
Bank Bills, on demand 24 Credlis, 60 days' sight 24 3/4
Total sales Monday:-89,700 bales.
The first notice day for March Cotton is 25/2/14 and last day is 14/3/41.
9.87 N 10,90
9.89/89
9,89 N 10.87
02 up
Mtain City Copper Co
3
Deputy Chairman.
"Amer· & Foreign $7 pf.
"151
.07 up
National Aviation
83
J. K. Bousfield, Eng.,
Amer. Locomotive .....
130
Nat, Dairy Producta
131
A. H. Compton, Esq.,
Auer, Metals Co......
174
11
National Distillers
L. J. Davies, Esq
214
Amer. Radiator
6
National Lead
151
Hon. Mr. S. H. Dodwell
Amer. Rolling Mill
13
Miskin, Esq.,
Nat, Power & Light........
61
Amer. Sting and R'ng Co.
401
K. S. Morrison, Esq.,
On demand
46
On Paris:-
NEW YORK RUBBER
March
National Supply Corp.
51
Amer, Sugar Refining
151
Chairman.
Hon. Mr. T. E. Pearce,
39, Bishopsgate E.0.9.
Sub-Agencies In London: 117/122, Leadenhall Street, E.C.3 West End Branch: 14/18, Cockapur Street, S. 1
Manchester Branch:
69, Mosley Street Manchester,
AGENCIES AND BRANCHES--
ALOR STAR
BONA FOR TENANG
BANGIOS Lotto
АМВАТЕЛЯ
BATGIDI
IPOR
BAIGOR
BATAVIA
BERIMBAN
MARACAL
BOMBAY
SHANGHAI
New York Central
124
Bank Ellis, on demand Now. "
May
20 88b 20.80/80
Credits 4 months' sight Nom.
On Saigon
September Com
July (New contract)
>
... 20.30/30 20.10/12
20.80b/99a 20.60/60 20.80b/90 20,55/59 anquoted 20.03b/10a 20.10b/15a 10.88/88
.28 off
Amer. Tel & Tel
131
Niagara Hudson Power
21.
25 off
Amer. Tobacco "B"
601
N. American Aviation ......
144
Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,
KLANG
CALOUTTA
SINGAPOR
AGENDISS:
KOER
BZIA MAX
27 08
Amer, Waterworks
51
22
North American Co.
151
of
Anaconda, Copper
231
Cave Arizer "KUALA
Chef Manager FARRJE PLACE
CANTON
BOURIKAZA
ZUMITE
TALPLEG
| Northern -Pacifc
01
Branches:
CAVENTORI
KUCHING
On demand
On Manila:~.
On demand
On Bangkok:-
On demand
On Starling Notes:-
Bank Buying Rate
Bar Silver per ox
Market Report
93 7/16
FROM ROZA BROS.
Wednesday, Feb. 28. NEW FORK HIDES
unchanged March Silver prices were yesterday, the quotations remain June ing at 23.7/16 for Ready and 23. 3/8 for Forward, Silver advices
market as reported the
being steady but featureless. American Silver was quoted at 343/4 for Spot
104
48
May
142 1/2 July
#
September
Now.
CHICAGO CORN
May
July
September
Total sales:-880 tons, CHICAGO WHEAT ·
931/834 831/837 83/831
Atchison, & re.
231
Owens-Illinois Glass Co.
427
MADELI
Aviation Corp.
31
Pacific Gas & Elec"
201
Amoy
Jobore Rangoon
Baldwin, Lecometive
151
off.
791/794
791/794
787/781
781/781 781/781
off
888
Packard Motors
21
Bangkok Kobe
Saigon
COLOMBO
MANILA
DELEL
Baltimore & Ohio
3}
Batavia
off
Pan-American "Alrways
131
San Kowloon
Barber Asphalt Co.
Bombay Kusta
Francisco
Paramount Pictures
10%
Calcutta
Barnsdall OB
Monday's sales-17,600,000 bushels..
Bendix Aviation
342
Pennsylvania RR.
231
HAIPHONG KAMBURS HANKGW
Canton
Bethlehem Steel
Phillips Petroleum
361
Chefoo Lyons
BO
Pubile Service of NJ.
281
Bliss & Co.
151
613/62
611/611
61/611
aff
Pullman Inc.......
24.
Dairen
Manila
Boeing Airplane Co.
16
611/617
80/80-1
603/602
oft
Pure O
.74
61/81
604, 801
s" pfi
Borg-Warner
18
Radio Corpn. of Am,
4
Briggs Mis
211
Reading Company,
Com
1241
"Budd M'facturing Corp.
31
Harbin
Remington Arms Co., Inc.
43*
12.97/13.00 12.91/94
13.16/18 13.20/24
12.95/13.02 13.10/10
.02 .oft .00 of
Canadian Pacific Rway
3
Hoila
Republic Aviation Corp....
4
Case, JI.
48
Ipok
The London-New York
at rate
quoted was New York-Lor.don was quoted "403.1/2
cross.
Total sales for the day:-198 contracts.
NEW YORK COCOA
March
8,01 N 6.13 N May NEW YORK SUGAR NO. &
Match
Celanese
231
Republio Steel
194
Revers Corp.
Chesapeake & Ohio
414
Reynold Tobaŭ “3”
32)
Chrysler Corph.
683
8.15/23 8.21/23
6,01 N 6.09 N
unch.
Columbia Gas & Elec.
31
Bafeway Stores
381
.01 off
2.13b/14a
402.1/2 May
2.18b/199
2.14b715a 2.19b/20a
01 up 01 Up
at
MARKET
Quiet
STERLING
May
"
War Loan, 31% (Red
after 1952).......
There were sellers at 1/3 Feb. Apr, buyers at 1/3.1/32 for Cash
U. S. 'DOLLARS "
Opened with sellers at 24.7/16
Volume of business done:---623 lois..
NEW YORK SUGAR NO. 4
March
Volume of business done:--2021ois. The Last notice day for March is 28/2. NEW YORK COPPER FUTURES March
A small business was reported at July
24.1/2. The market closed with NY. Official Sliver 34-3/4 sellers at 24.1/2 for Cash and NY-London Cross Rate 4.03-1/2 possible buyers at 24.9716 for
Casb.
SHANGHAI DOLLARS
Sellers at 440
SHANGHAI MARKET Sterling quoted at 3.13/22 at the with sellers, opening and closed
at 3.25/84 for Spot. US. Dollars opened with sellers at 5.17/32 and later the rate dropped to 5.1/2. Last advices reported sellers at 5 17/32 for Spot.
Shanghai Exchange
Shanghai, Feb. 26 (Reuter).
Official T.T. Rates
Opening
LONDON STOCK. EXCHANGE
(REUTER'S SERVICE)
London, Feb, 25.
H.K. STOCK EXCHANGE
February, 26.
After easing off, Electrics have come into favour again and offer.
The following quotations are the ings have been readily absorbed middle prices at the close of the with market in London. All quotations There
the demand
also were
enquiries for
are subject, to confirmation and no other stocks, the market display- responsibility is assumed for errors ing more activity. in transmission.
Goodrich (B.F.) Goodrich 35 pt.
Goodyear Tire & Co.
Commercial Credit Co. Com, & Southern (Ord.) Consolidated Faison ... Consolidated O1 ......................... Continental Can Continental ou
30
Schenley Distillera
90.
11/16
Sears Roebuck
72}
Shell Union Oil
114
211
54
Socony-Vacunun 01
33
Southern Pacific
various sizes to let.
Southern Rly $5 pfd.
213
171
Copperweld Steel
141
Spicer Manufacturing Co
323
TRUSTEE and EXECUTOR business undertaken.
Manager.
70b/.71a
.13b/.74a
unquoted
1.73b/734a
.70b/30!a 73b/.7342
unch
Curtiss Wright - (C.)
Standard Brands
#
Curtlas Wright "A"
201
Stand Gas & Elec.
Deere & Co.
191
Standard Of of California
181
Distillers Corpn. Seagrams
18
Standard Ol of NI
341
Douglas Aircraft
731.
Stone & Webster
| Studebaker Com
Do Font de Nemours
11.73b/80a 11.70b/80a 11.600/65a 11.00b/68
11,75b/79a ,02 up 11.62b/68a .02 up 34-3/4 403-1/2.
Eagle Picher Lead...
g*
Swift. International
171..
19 conducted by the HONGKONG
Eaton Mig. Co.
31.
Technicolor
&1*
1 SHANGHAI BANKING COR
Elec. Autolite
201
Texas Corpn.
35,
Elec Bond & Share
31
Texes Gulf Sulphur
Elec, Bond & Share $5 pr.
51+
Timken-Axler ......
291
Proits
Elec Bond & Share $8 pf.
605
Trans-America Co.
41
..2,983, 261.50
Elec. Power & Light $7 pr.
291
20th Cent. Fox.
Flintkote
13#
Union Bag & Paper Corp
101
Ger. American Trans
401
Union Carbide & Carbon
641
Gen. Electric
32
Union Pacific
78
United Aircraft
391
Ger Motors
Gen. Railway Signal
131
United Airlines Trans
131
Gen. Tire & Rubber
101
United Corpn,
11
Glidden Co.
13
United Corpn. 3. cum pi. 251
THE CHASE BANK-
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
13
United Gas Corpn.
11/10
unsatisfied
80
United Gas Improvement
8
·18 ·
US, Industraal Alcohol.
231*
£
BUYERS Union Ins $412.
HK, Fire Ins., $170.
103-1/2
Providents, $5.75.
Great Northern Iron Ore Great Northern Riy, pid. Great Western Bugar Greyhound Corpn..... Hercules Powder Co Homestake Mining
131*
US Rubber
201
23
US. Rubber $8 pfd.
21
221
US Smelting
594
11
us. steel
591
69
Vanadium
23
45
Vultee Aircraft
B2"
London
New York
Japan
0/3-3/8
Defence Loan, 3%
5-1/2
Janton-Kloon Rly. 5%
101 11
Lands 4 Debentures. $97,50.
Int Nickel
242"
Walworth Co
5
Bataria Bombay
Caloutin Haiphong
Hankow HonninJa Lobe
BAGO
cio entsia
Xamaring
Inter. Paper & Power
124
Warner Bros. Pict."
27
23-3/8
Chinese 41% Gold Loan
Int. Tel. & Tel.
21
Westinghouse Elec.
901
India "Paris
18-3/4 nomina!
Hongkong
Sterling
22-3/8
1898 (Brit. Issue) Chinese 5% Gold Bonds,
1925/47
42
John.man
581
Woodward Iron Cor.
281
Kerrecott Copper
337
Chase National Bank .......
311
40-44
Libbey-Owens-Ford Glass
35
National City Bank
Chin. 4% Anglo-French
Lockheed Aircraft
241
Libby. Manell & Libby
53
Loan, 1908
45
Chinese 5% Crispi Loan.
19124
24
Lights (Old), $8.10.
Electrics (Old), $41.59,
SELLERS
Hotels, $3.60.
Humphreys, 57.05.
Telephones (New), $3.80,
SALES.
Provident, $5.75,
Trams. $16.80, X.D. Lights (Old), $8.20. Electrics (Old) $41.50. Electrics (New), $41,40. Telephones (Old), $24. Watsons, $10.75.
LONDON METALS
Tin.
EXCHANGE London, Feb. 25 (Reuter).
Standard, Cash, Middle
Price, £276-1/4,
Tin, Standard, 3 months, Middle Price, 272-378.
Market eagler on profit-Jaking' |
1840/41
DOW JONES AVERAGE
Feb. 28, 1841.
High Low Dow Jones Averages Feb. 24. High Low Close 159.80 IIL84 30 - Industrials
3267 22.15 20 Raila
121.48 122.77. 121.60 122.40
27.38. 19.05
97.50 27.89 27.43
Change 91 up .08 up
10 up 11 up
MELOT
2846 18.03 20
$2.19 8100 40. 64.02 48.47 11
Valities
Bonds. Commodity Index
90,00 57.84
19.4 18.07 19.15
57,51 .10. off
Business Done 0,000 shares
CURRENT ACCOUNT opened and FIXED DEPOSITs received for Out Year or shorter periods in Local or Other Currencies" at, rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with QURRENT ACCOUNTS opened interest allowed at rates. obtainable in Local Currency and FIXED DE-on application. POSITS received for one year or The Bank's Head Office in Lendon shorter periods in Local and Other undertakes Executor and Trustee Currencies on terms, which will be business, and claims recovery of quoted an application.
British Income Tax overpaid, on
SAFE DEPOSIT BOXES of terms which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
Hongkong, 26th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above Bank
BANK OF EAST ASIA, LIMITED
PORATION Rules may be obtain-Authorised Capital......$10,000,000.00
ed on application.
For the Hongkong & SeanGHAI
BANKING CORPORATION.
V. M. GRAY BURN,
Chief Manager. Hong Kong. 25th Feb., 12830.
18, PINE STREET.
NEW YORK. An 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 BANK, CHASE NATIONAL NEW YORK, with Resources of
ΤΗΣ
over U.S.$3,800,000,000.
D. L. BALLANTYNE,
Manager,
Ajabz
WANT ADS
INDO-CHINA
and buyers are stili abstaining STEAM NAVIGATION COMPANYLTD
from trading. After hours there
vas further profit-taking, which
was fairly well absorbed. Turnover Operating Services for Cargo and Passengers
Sellers
Opening Closing 0/3-13/32 0/3-25/64 0/3-13/32 6-3-25/64
0/3-25/64 0/3-3/8
Spot
Feb. Mar..
U.S. Dollars
Spot
Mar.
$5-17/32 55-17/32 5-17/32 5-1/2
Feb....... 5-17/32
5-17/32
Market: Uncertain.
Sliver Duty Rate.
The Central Bank of China's rate on London at 10 am, today wax 1/2-1/24.
The Equalisation rate was 24 per cent.
Calcata Exchange
Calcutta, Feb. 25, (Reuter). TT on Japan, 81-1/4.
India Rupee Paper
Bombay, Feb. 25 Reuter)." Govt. 34% Rupee, 95-0-0.
SILVER MARKET LONDON SILVER London, Feb. 25 (Reuter). Silver-Market steady but fea tureless Business very small In the afternoon, the market steady with business very quiet.
Spot 23-7/164.
Forward, 23-3/8d.
WBS
BOMBAY SILVER Bombay, Feb. 25 (Reuter).
Quiet.
Offtake 225 bars.
Chinese 5% Reorg. Loan,
1913 (Lam. Is.)
Chinese 8% Ster. Notes,
1925 (Vickers)
Chin. Imperial Rly. 5%
Loun
onan Rly 5%,
Bukuang Rly 5%, 1911...
LP. N/Y Issues
Hukuang Riy. 5%, 1911
German issue>
Lung Tsing & U. Hat
Rig. 5% 1913
8-10
** ** * * *
14
12
14
།ག་ས
12
12
S'hal-N'King Rly, 5% Tientsin-Pukow Rly. 5%
(Brit. Stpd.)" Tientsin-Pukow Rly, 5%
German Bipd.) Tientsin-Pukow Rhy. 5%
Brit. Stpd. Bupl. Loan) 12 Tientsin-Pukow Fly 5%
(Ger. Stpd. Supi, Loant 12 Jap. 6% 8ter, Loan, 1924 22-244 Ger, 7% Intl Loan, 1824 6
Chartered Bank ......
Pekin Syndicate
1/6 B'hat Elec. Constr. Co... 12/6 3'hi Waterworka “A” ..... 12 Union Insurance
24
hell
Indian Mint Silver
Ready
63-01
62-14
62-14
Cola Kalumpang Rubber 15/9 Lyn, Mid, & Scot, Rly. 117. Great Western Rly, 32
• bid
Mar, 24 Settlement April 22 Settlement
(bearer)
115 tons.
LONDON "GOLD"
London, Feb. 25 (Reuter).
72.
Bar Gold, Fine per oz, 168/
HK, 8'bal Bank (Ldni
Reg.)
73
EK & Shai Bank (Col
Beg) Chinese. Eng. & Mining
(bearer)
76
National Bank of India 321
BA Tob (bearer)
28/9t
17
Chosen Corporation Mercantile Bank of In-
dia, £5, "G"
41-
Junlop Rubber ........... Bristol Aeroplane
32/71 10/3
11-1/8"
United Steel
Woolwortha
Western Holding.
Sub-Nigel
Tran
Imperial Chemical Ind. 29/10)..
Margmar. Investmente
20/77
51/41
Tradi
6/3... 9/8 144/41
40/71
TO
SWATOW, SHANGHAI, TSINGTAỤ, CHEVOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All atcamera berth alongside the Roosevelt Terminal in the French Concasión at Shanghai, where passengers and cargo are lauded.
For further particulars
plesse apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL GENERAL MANAGERS.
Paid-Up Capital .......... 5,508,600,00 Reserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road, Contral
Board of Director. HON. SIE SHOUSON CHOW, Chairman Li Koon Chun, Esq. Li Lan Bang, Esq. P. K. Kwok, Esq. Wong Com Soo, fisq. Wong Tun Tong, Esq. Fung Ping Wah Esq. than Chang Shack, Eeg,
KAN TONG Po, Esq., Chief Manager HON. ME. LI Tas Fona, Manager
Amay
Branches and Agencies:
Kowboa PIDARK Котарото Loudon Kangtion Bobrabers Manila
saigon
Maiborne Ban Fran- Bydiag Nagsanka
New York Seattle Vangaver
Parle
Pelping
Shanghai
Every description of Banking and Exchange business transacted. Losus granted on approved securities
Current Accounts opened in Local Currency and Fixed Deposits zu ceived for. One year or shorter periods in Local and Foreign Cur rensier on terms which will be quoted on application.
SAFE DEPOSIT Boxes To L
KAN TONG PO,.
Chief" Manager.
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN
· INTERNATIONAL EXCHANGE
BANK SAREES
PAID-UP CAPITAL $40,000,000.U
(Branches: ALL OVER CHINA) Owing to our numerous Brancoes 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, 0. ...South China Offices: CANTON
SWATOW
SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bondu and other Public Funds of the Chinese Government hoth at Home
SHOU J. CHEN,
Manager,