On demand
430
On Singapore:-
March
On demand
52 3/4
May
<
On Japan:-
July
On demand
102 1/2
October
On India:-
December
and demand..
ter: 182 1/2
Fanuary
Spot
Close
10.42/43 10.39/40 10.41/41
Opening
Closing 10.43/43 10.40/42
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS.
FEBRUARY 27, 1941,
On London:---
Telegraphic Transfer.ja Bank Bills, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai:-
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE).
NEW YORK, Feb. 26, 1941,
New York Cotton, March New York Rubber, March Chicago What, May Chicago Corn, May New York Hides, March
NEW YORK COTTON
Prev. Today's High Low Close Close Change 10.45 10.40 10.42 10,40 .02 ON 30.67 20.48 20.60 20.53 .07 off
84 823 821
$3 1 up .81 60% 61 :60% 13.10 12.85
را اتر
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
FEBRUARY 27, 1941.
Sterling
off
STOCKR
Lait Sale
STOCKS
Last Sale
Proprietors
$20,000,000
£8,500,000 Paid-Up Capital H.E. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Reserve Liability of Pro-
prietors
FRIDAY, FEBRUARY 28, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.
* $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1350
Reserve Funds:
13.95" 13.09
.13 up
Fab. 26
Adams Express
51.
Feb. 26
.£3,000,000 £3,000,000
.£3,000,000 HEAD OFFICE: LONDON:
Change
Loew's "Inc.
321
Alleghany Steel Co.
211
.02 CR
Allis Chalmers
Loft Incorperated
16
291
Mack Truck Inc.
27
10,33/33 10.33/33
10.40/40 10.31/31
01 up
Aluminium Ltd,
721*.
Martini, Glen L
261
Board of Directors: Hon. Mr. J. J. Paterson,
.02
off
Amer. Can
9.94/94
9.95/96
-9.91/91
9.95/96
9.91/91, 9.90/90
.03.
off
American Cyanamid B.
McKesson & Robbins, pid.
261
34
.01 oft
Montgomery Ward
W. H. Lock, Esq.,
371
Amer. & Foreign Power
13/16*
March
May
Telegraphic Transfer.
On New York:-
Bank Bills, on demand 24. Credlis, 80 days' sight 24 3/4
On Batavia-
On demand............... 45
On Paris:-
Bank Bills, on demand Nom, Credits 4 months' might Now.
Total sales Tuesday:-69,100 bales.
The last notice day for Märch Cotton is 14/3/41
NEW YORK RUBBER
9.89 N 10.97
9.92b/943
9,87 N
.03 off
Amer & Foreign $7 pt.
M'tain "City Copper Co.
3
Deputy Chairman,
15)*
National Aviation
J. K. Bousfield, Esq..
83
10.90
.06
off
Amer. Locomotive
131
Na. Dairy Products
A. H. Compton, Esq.,
Amer. Metals Co.
173
National Distillers
L. J. Davies, Esq.,
Amer. Radiator
61
Hon. Mr. S. H. Dodwell,
National Lead
Amer. Rolling Mill
13
Nat, Power & Light
Amer, Sting and R'ing Co. 41
Amer. Sugar Reining
National Supply Corp.
51*
151
On Saigon:-
On demand
On Manila:-
20,60/60 20.51b/758 20.53/53 20.55/59 20.60/62
20.45/45 July New contract) 20.03b/10a 20.12/12. 20.00/00 .03 off September
).
19.92/92 ..: 19.83/88
19.75775 13 of
.07 00 -10 off
New York Central
127
Amer. Tel, & Tel
161
Niagara Hudson Power
27
Amer. Tobacco "B"
093
N. American Aviation
141
Amer. Waterworks
58
North American Co.
15
Anaconda Copper
24
Northern Pacific
6A
1.
........ 104.
.... 48
149 1/2
May
July
Now. 9 7/16
September
CHICAGO CORN
May July September
June
On demand
On Bangkok:-
On demand ....
On Sterling Note:-
Bank Buying Rate
Bar Silver per on
Market Report
FROM ROZA, BROS.
Thursday, Feb. 27.
The price tor. Ready Silver was unchanged yesterday at 23.7/16
NEW YORK MIDES
but the Forward rate dropped 1/16 March to 23.6/18, Silver advices reported the market as being quiet and fest tureless. American Silver Was quoted at 94 3/4 for Spot,
Total sales for the day:-201 contracts
NEW YORK COCOA
Total sales--990 tons.
CHICAGO WHEAT
Atchison, T. & §. Fe.
23
Branches:
Owens-Illinois Glass Co.
43
"Aviation Corp./...
33
Pacific Gas & Elec
261
Amoy
Johore
G. Miskia, Esq.,
K, S. Morrison, Esq...
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields, Sir Vandeleur M. Graybüro,
Chief Manager.
BOMBAY
CLIVE STREET KEALA
CANTON
CIA WNPOSK
CEBD
flead Office:-HONG KONG
Chairman.
38, Bishopsgate E...
Sub-Agencies In London: 117/122, Leadenhall Street, E.C.a West End Branch:
14/16, Cookspur Street, S.W
Manchester Branch:
62, Mosley Street, Manchester, 1.
· AGENCIES AND BRANCHES ALOR STAB AMRITHAR
HONE IN IZNANG ILOILO ПРОД
TABAOR:
KLANG
BANGIDX
BATAVIA
CALOUTTA
AGENCIES:
FAIRIN PLACE
KOS
Baldwin Lecometive
151
Bangkot
Kobe
Packard Motors
22
83/821
821/83
781/781
787/781
731/781
238/231 791/791 79/79
up
Baltimore & Ohio
33
Batavia
Kowicon
Pan-American Airways
131
ł up
Barber Asphalt Co....
B3*
Bombay
Kuala
Rangoor Saigon San
Francisco
Paramount Pictures
103
Calcutta
UD
Barnsdall'Ou
Bi
Lumpur Sbucgbai
Bendix Aviation
35)
Pennsylvania RR.
22
Canton
London
Tuesday's sales:-12,226,400 bushels.
Phillips Petroleum
381
Chefoo
Lyons
Bethlehem Steel
792
1:
Pubile Service of N.J.
261
Colorib
Malacca
Sungei
Biss Co.
16
Boeing Airplane Co.
163
Pullman Inc..................................................
Daire"
241
Manila
Foochou
Muar.
61/61A
811/61 002/603 601/601 601/60-3
601/601
off
Pure Oll
TE
Borg-Warner
181
Haiphong
(Johor) Tientsin
601/601
off
Briggs Mig.
221
Radio Corpn. of Am.
4.
Bankow
Mukdeo
Tokyo
597/60
off
Budd M'facturing Corp.
31
Reading Company,
Com 13.
Harbin
New York Tsingtao
Remington Arms Co., Inc. 41*
Iloilo
Canadian Pacific R'way
31
Case, JI.
481
Republic Aviation Corp. ...
31
Ipoh
12.95/13.02 12.95/95 13,10/10 13.00b/15a
13.08/10 13.10b
13 up
Republic Steel
•191
Celanese
24
unch.
Chesapeake & Ohio
Revere Corp.
81*
414
Reynold Tobac, “B”
324
Chrysler Corpn.
863-
Safeway Stores
38*
Columbia Gas & Elec.
Commercial Credit Co.
30
Schenley Distillers
16
"The London-New York cross. rate
quoted Was
at 402.1/2 New York-London was cucted at 403.1/?
March May
8.01 N 6.09 N
5.98/99 8.05/05
6.02 N 6.11 N
Com. & Southern (Ord.)
"11/18
Sears Roebuck
717
01 up .02 up
Shell Union Off.
114
quoted on application.
Consolidated Edison
21
Consolidated Of
51
Socony-Vacunum Oil
84
MARKET
NEW YORK SUGAR NO. 3 March May
Continental Can
371
Southern Pactic
9
various sizes to let.
2,14b/15a
Continental Oll
18
Southern Rly $5 pfd.
221
TRUSTEE and
EXECUTOR
business undertaken.
2,19b/20a
70b) 7042 .730/.73ja
re-
Opened with sellers at
439 for
Quiet
STERLING
Volume of business done:-352 lots There were sellers at 1/3 Feb.- May, buyers at 1/3.1/32 for Cash. NEW YORK SUGAR NO. 4
U. S. DOLLARS
March Steady. Opened with sellors at
May 24.1/2. Some business Was ported at 24.9/16 for Cash. The market closed with sellers at 24. 9/16 for Cash, buyers at 24.5/8 for Cash.
SHANGHAI DOLLARS Some business was done at 440.
market 1/2, The
closed with sellers at 444.1/4.
SHANGHAI MARKET Sterling at 3.25/64 and V. S. Dollars at 5.17/32, both sellers for
Spot
AFTERNOON "MARKET
Quiet
STERLING
There were sellers at 1/3 Feb- ruary/May. buyers at 1/3.1/32 for any delivery.
U. S. DOLLARS
Volume of business done:-35 lots.
The Last notice day for March is 28/2. NEW YORK COPPER FUTURES March July
NY, Official Silver 34-3/4 NY-London Cross Rate 4,63-1/2
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
11.73b/80a 11.75b/79a unch, 11.60b/68a 11.64b/68a .02 up
34-3/4 4.03-1/2.
LONDON METALS
EXCHANGE
London, Feb. 26 (Reuter),
Standard, Cash, Middle
Tin. Price: £272-1/8.
Price, £267-5/8.
Tin, Standard, 3 months, Middle
London, Feb. 26. The following quotations are the middle prices at the close of the were sellers at 249/16 for Cash, market in London. All quotations heavy
Were a shade steadier. There
buyers at 24.11/16 for Cash,
SHANGHAI DOLLARS
Market, easy. Prices slumped on tension in Far Eastern relations, Liquidation
are subject to confirmation and no American responsibility is assumed for errors caused further contraction of near n transmission.
prices. After hours, the market was barely steady at the de line. Prices ranged from £270) and £2674. Turnover 174 tons.
Spot, The market closed with War Loan. 3% (Red,
sellers at 438 for Spot,
after 1952) Defence Loan, 3% Janton-Kloon Rly. 5% Chinese 41% Gold Loan
SHANGHAI MARKET Opened with sellers of Sterling at 3.13/32 for Spot Last advices indicated sellers at 3.27/64 for 1858 (Brit. June Spot. US Dollars opened with Chinese 5% Gold Bonds.
1925/47 sellers for Spot at 6,9/16 and last advices Indicated sellers at 5.19/32 for Spct.
Shanghai Exchange Chinese 5% Rearg, Loan, -
Shanghal, Feb, 27 (Reuter).
Official T.T. Rates
SILVER MARKET
LONDON SILVER
London, Feb. 26 (Reuter).
Inter. Paper & Power Int, Tel, & Tel Johnsman
1940/41
32.67 22.15 20 26.45 18.03 20 92.19.83.06 40 64.07
48.47 11
2.15b/16a 2.19b/20a
01 up unch.
Copperweld Steel
151
Spicer Manufacturing Co. 32* *...
Svandard Brands
Curtiss Wright (C)
31
Curtis Wright ""
261
Stand Gas & Elec,
Z
Deere & Co.
193
Standard Of of California 181
Distillers Corpn. Seagrams
17
| Standard Oll of N.J.
34
700/.732 73b/.743
701b/.71a +00 up .734b/.74%
Douglas Aircraft
733
Stone & Webster
61
.001 up
Du Pont de Nemours
1434
Studebaker Com
61
Eagle Ficher. Lead
ရန်
Swift International
181
Baton Mfg. Co.
32
Technicolor
9
Elec. Autollte
302
Texe: Corpn.
36
Elee Bond & Share
31
Texes Gulf Sulphur
35
11.75b/79a 11.62b/66a
Elec. Bond & Share $5 pt.
431
Timken-Axle
301
Elec Bond & Share $8 of 812 Elec. Power de Light $7 pf.: 291* Flintkote
Trans-America Co
20th Cent. Fox
41 6
131
Union Bag & Paper Corp. 101
Hong Kong 25th Feb., 1939,
Gen. American Trans. Gen. Electric
50
Union Carbide & Carbon" 65
327
Union Pacifc
79
Gen
Motors
431
United Aircraft
39
Gen. Railway Signal
13.
United Airlines Trans
131
Gen. Tire & Rubber....
109*
United Corpn.
14
13 ·
Glidden Co.
United Corpn. $3 cum pt. 251
HEAD OFFICE:
Goodrich (BF))
13
United Gas Corpn.....
11/16
18, PINE STELLT.
Hongkong. 26th February, 1941.
HONGKONG SAVINGS.
BANK
The Business of the above Bank 8 conducted by the BONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SENGEA1 BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
THE CHASE BANK
BANK OF EAST ASIA, LIMITED
Authorised Capital.....10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided
Profits
.................2,983,261.50
Head Office:-HONG KONG No: 10 Des Voeux Road, Central
Board of Director.
15, QUEEN'S ROAD, CENTRAL HON. SIE SHOUJON CROW, Chairman
Li Lan Sang, Faq.
Li Koon Chan, Esq. 2. K. Kwok, Esq.
Wong Cha Son, Esq. Wong Yun Tong, Esq. Fang Ping Wah Esq. Chan Ching Shok, Esq.
Singapore Sourabaya
Patani Swatow
Peiping Yokohama Penang
MANILA
MIDAN.
NEW TOK. PKIPING
(Pekink!
TONKAM
(Phuket)
TBIKOTAL YOKOHAMA
FOLLON EXCHANGE and Geners! Banking Business trausscted.
CURRENT. Accounts opened and FIXED DEPOSITS received for One Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened is Local Currency and Sterling with
CURRENT ACCOUNTS opened interest allowed at rates obtainable
in Local Currency and FIXED DE- 100 application. POSITS received for one year or
The Bank's Head Office in London shorter periods in Local and Other Lundertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of
་་
SAFE DEPOSIT BOXES of terms which may be ascerts'ned at
any of the Agencies and Branches.
R. A CAMIDGE,
Manager.
RANGOON
BAIGON
BEREMBAN AHANGHAI
$1NGAPOR
SITIAWAN
SOURADATI
LUMFUB
TAIPING
KUCHING
TIENTSIN
MADRAS
COLOMBO IBLI
HAIPHONG
KAMBURG BANKOW
British Income Tax overpaid, "co
United
Goodrich $5 pt.
Gas Improvement
81
NEW YORK.
Goodyear Tire & Co.
13+
U.S., Industrual Alcohol.
231
Great Northern Iron Ore
10-
US, Rubber
201
Great Northern Aly, pfd.
241
UB. Rubber 38 pfd.
Great Western Sigar
221
UB, Smelting
Greyhound Corpn.
11
U.S. Steel
Hercules Powder Co,
Vanadium
Homestake Mining
4
Vultee Aircraft
Int Nickel
257
Walworth Co.
13}
Warner Bros. Pict.
21
Westinghouse Elec,
Woodward Iron Cor.
58
•
103-1/2
1011 11
42
4D-44
Chin. 44% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan.
1912
Silver-Market
quiet and fea
45
tureless. Very little business. the afternoon, the market
In was
24
quiet and featureless with no busi-
nesa.
4
Öpening
1913 Lda. Is.) Chinese 8% Ster. Notes,
1925 (Vickers)
31
Spot 23-7/16d
High Low Dow Jones Averages 159.80 111.84 30 Industriala
Rails. Utilities Bonds Commodity Index
Feb. 25,
112.40
27.43
19:16
Feb. 27, 1941.
High Low Close 129.90 121.09 122.39 27.04 27.41 27.52 19.25 19.08 19.16
93.11
57.54
8-10-
London.
New York Japan India
0/3-3/8 5-1/2
Chin. Imperial Rly. 5%
Lozn
17
.......
23-3/8
"
Ionan Rly. 5%%
14
18-3/4
Hukuang Rig 5%. 1911...
Ready ....
Paris Hongkong
nominal
<LP. N/Y Issue)
14
Mar. 24 Settlement
22-3/8
sukuang Rly. 5%. 1911
April 22 Settlement
'Spot
Mar.
Sterling
Sellers
Opening
0/3-25/540/3-21/84
0/3-25/64 0/3=27/64
German Issue)
12
Lung Taing & U Hai
Closing
Rly. -6% 1913
LONDON GOLD
S'hat-N'King Rly, 5%
14:
Tientsin-Pukow Rly, 5%
Mar.
0/3-3/8 0/3-13/32 U.S. Dollars'
(Brit. Stpd.)........
12
London, Feb. 26 (Reuter), Bar Gold, Pine per oz, 168-
TO
8pot
Feb.
Mar.
per cent.
Calcutta, Feb. 28 (Reuter).
$5-17/32 $5-19/32 5-17/32 5-19/32 5-1/2 5-B/18 Market: Quiet but steady,
Silver Duty Rate
The Central Bank of China's rate on London, at 10 am. today was 1/2-1/24.
The Equalisation rate was 24 HK, & 8'hai Bank (Ldn
Calcutta Exchange "
TT. on Japan, 81-1/4
India Rupee Paper
Bombay, Feb, 20 (Reuler). Govt. 31% Rupec, 94-08-0.
Tientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5% (Brit: 8tpd. Supl Loan) Tientsin-Pukow Rly. 5%
12
12
;
(Ger, Stpd. Supl. Loan) 12 Jap. 6% Ster. Loan, 1924 25
6'hal Waterworks "A"..." 12 Union Insurance
24 Gula Kalumpong Rubber 15/9 Lan, Mid, & Scot.; Rly.-12
Great Western Rly.
334
Ger, 1% Intl. Loan, 1924 8 Chartered Bank
National Bank of India 321
11
B.-A. Tob (bearer)
88/91
Junlop Rubber
32/7+
Reg.)
73
Bristol Aeroplane
10/3
ELK & 8 hai Bank (Col.
Feg) Chinese Eng. & Mining
(beater)
Imperial Chemical Ind. 29/10 United Steel
21/-
Woolworths **
52/-
For further particulars
please apply to-
17
Maraman Investments...
6/3
Choam Corporation.... Mercantile Bank of In-
dis, £5, "G"....... Pekin Byndicate S'hal Elec, Cometr, Co.
41-
Western Holdings Sub-Nigel
9/6
145/-
11-1/8 -1/8- 12/6
Shell Tranı
(bearer)
•bid
*
Trad.
41/10
JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL GENERAL MANAGERS
Kentecott Copper Libbey-Owens-Ford Lockheed Aircraft
34
Chase National Bank
Glaze 384
National City Bank
241
Libby, Moneill & Libby
Forward, 23-5/16d.
BOMBAY SILVER
Bombay, Feb, 26 (Reuter).
Market Steady, offtake 200 bars,
Indian Mint Silver
63-02
62-12 62-12
DOW JONES AVERAGE
Change
.01 off
.09 up .01 up 90.17 .06 up 67.04.10 up.
pver U.S.$3,800,000,000,
D. L. BALLANTYNE,
Manager,
Ajob?
WANT
Business Done-380,000 shares ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
41
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOLE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concision at Shangbai, where passengers and cargo are landed.
Balavix
Branches and Agencies:.
Kowloos Ponnaz Hingapor
Landon
Hangoon Bombay's dalgon Bwataw Melbourne Vas Fran- Bydacy
Nagasaka
cisco Tecēla
Now York Battle Vancouver Paris
Polping Shanghal
Every description of Banking and. Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for
one year or shorter periods in Local and Foreign Cur roncies on terms which will be Juoted on application.
SAFE LEPOSIT BOKES TO LET
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.
(BRANCHES ALL ÖVER CHINA) Owing to our "numerous Branenes in China and connections in the principal Commercial Centres, ot the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking sar Exchange.
Head Office:-SHANGHAI Hong Kong Branch:
4 QUEEN'S ROAD, C. South China Offices:
CANTON
SWATOW
SHLUCHOW
KONGMOON TUISHAN KINGCHOW
We also handle the issue of Bondy and other Public Funds of the Chinees Government both at Home and Abroad.
SHOU J. CHEN.
Manager.
An American Bank offering com- plete Foreign Banking Service
KAN TONG PO, Esq., Chief Manager HON. MB. L1 TSR Foxo, Manager
i
85
59
in the principal Markets of the 'world.
Lucy
591
Interest Rates on Application,
Bombay
Manila
283,
Ookulia Haiphong
02
SAFE DEPOSIT BOXES
Hakow
54
Mondiala
Bemarkig
Love
3.
96
237
This Bank is entirely owned by. THE CHASE NATIONAL BASE, NEW YORK, with Resources of
31*
261* 5+