High Low Close Close Change 10,43 10.38 10,40 10.41 01 up 20.75 20.74 20.78 20.706 08 ot
832 827 834 832
601 60% 13.45 13.31
off
601 601 13.28 13.35
off
STOCKS
,09 up
Close
Opening
Closing
Change
Adama Express
Alleghany Steel Co.
10.43/43
10.42b/442
10.43/43
unch.
Allis Chalmers
10.40/40
10.41/40
10.41/41
.01 up
Aluminium Ltd.
10.30/30
10.29/29
10.31/92
01 up
Amer. Can
9,02/92'
9.95/94
9.95 N
.00
up.
American Cyanamid B....
0.91/91
9.91/91
8.94/94
.03 up
Amer. & Foreign Power
988 N
9.87b/90a
10.94
9.93. N 10.90
15 up
amer & Foreign $7 'pf. ...
04 off
Amer. Locomotive
Amer. Metals Co.
Alter. Radiator
Aner. Rolling Mil
NEW YORK RUBBER
May
Amer. Sting and R’ing Co.
20.76/76"
Do Batavia-
On demand...
On Paris:i
45 1/2
Bank Bills, on demand Nom. Credits 4 months sight Nor
On Baigon:-
On demand
July (New contract) September { } December f
Total sales:-140 tons
23.28/28
20,08/08
1
}
19.91 N
20.70b/908 20.70b/75a 20.15b/40 20.20b/25a 19.95b 20.202 20.00b/10a
20:00 A 19.83 N
06 of
Amer, Sugar Refining
PAGE 10-HONGKONG DAILY PRESS.
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS MARCH 3, 1941.
On London:-
Telegraphic Transfer. 1/2 7/4 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai:—
On demand
On Singapore:-
On demand
On Japan:-
On demand
"
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
ارم
NEW YORK, March 1, 1941.
ů
13
New York Cotton, May New York Rubber. May Chicago Wheat, May Chicago Corn, May New York Hides. June NEW YORK COTTON
October
March "
420
May
July
...02 3/4
December
102 1/2
| January
Spot
On India:-
Telegraphic Transfer 82 1/2
and demand
On New York:-
Jaz
Bank Bills, on demand 24 1/4 Credits, 60 days sight 25
Prey. Today's
Total sales Friday: 41,700 bales,
The last notice day for March Cotton is 14/3/41
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
MARCH 2, 1941.
National Distillers
TUESDAY, MARCH 4, 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, 185s
Reserve Fund.:
£8,000,000
£ 6,000,000 Paid-Up Capital ....£3,000,000
Reserve Fund...... Reserve Liability of Pro-
prietors
H.K. Currency Reserve $10,000,000 Reserve Liability of
Chairman.
£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate "E. C.2. .⠀ Sub-Agencies In London: 117/122 Leadenhall Street, E.C.3. West End Branch: 14/18, Cockapur Street, S.Wi Manchester Branch: 59, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES
BUNG KONG PENANG
ALOR STAK
Sterling...
Last Sale
STOCKS
Last Sale
"Proprietur
..$20,000,000 |
Mar. 1
Mar. 1
5)*
Loew's Inc.
Head Office:—HONG KONG.
32
201*
Loft. Incorperated
172
29*
Mack Truck Inc.........
271
734*
Hourd of Directors: Hog. Mr. J. J. Paterson,
Martin, Glen L
252
"
85
McKesson & Robbins, pfd. 251
34
W. H. Lock, Esq.,.
Montgomery Ward
301
13/16"
M'tain City Copper Co
Deputy Chairman.
3
16
J. K. Boushold, Esq.,
National Aviation
81*
131
Nat. Dairy Products
131
17*
A. H. Compton, Esq., L. J. Davies, Esq.,
21
19
Hon. Mr. S. H. Dodwell,
National Lead.......
161
137
1. Miskin, Esq...
Nat, Fower & Light
K. S. Morrison, Esq.,
40}
National Supply Corp.
51*
15*
New York Central
12!
.08 off
Amer. Tel, & Tel
1603
Nlagata Hudson Power
27
.08 off
Amer. Tobacco "E"
691
.08 off
N. American Aviation .....
137
Amer. Waterworks
6
North American Co.
Hon. Mr. T. E. Pearce,
Rod. Mr. A, L. Shields, Sir Vandeleur M. Grayburn,
Chic Manager.
кола
OZIVE STAT KUALA
FAIALIS PLACE
AMRITSAR
ILOILO
BANGKOK
IPOE
BATAVIA
BOMBAY
CALOUTTA
AGENCIES:
KARACHI
BANGOON
BA100N
BREEMBAN
SHANGHAI
KLANG
BINGAPORE
151
CANTON
Anaconda Copper
241
Northern Paclic
19
Atchison, T. & S. Fe.
23
CHICAGO WHEAT
| Owens-lilinols Glass Co. ...
431
105
"Aviation Corp.
31
Aacy
May
834/83
831/831
831/831
off
Pacific Gas & Elec
268
Baldwin Lecometive
15
Bangkok
On Manlia:-
On demand"
On Bangkok
On demand....
On Sterling Notes:-
Bar Silver per of
July
791/704.
791/791
Packard Motors
791/79)
24
up
Baltimore & Ohio
31
Batavia
Branches: Johore Rangoon Kobe Saigon
San Kowlcon
GAWNPORN
HITIAWAN
BOUKARAYA
LUMPUR
TAIPING
KUCHING
MADRAR
CEBU COLOMBO DELE:
MANILA
TIENTSIN TONGKAN
(Bhuket)
MEDAN
THINGTAO
48 1/2
September
797/791
794/291.
unch.
Pan-American Airways
124
Bombay
Kuala
Francisco
Barber Asphalt Co.
84*
Paramount Pictures
101
Calcuri 1
Lumpur Shanghai
.149 1/2
Friday's sales:-15,052,000 bushels.
Barnsdall ou
81
Pennsylvania R.R
231
Canton
London
Singapore
Bendix Aviation
344
CHICAGO CORN
Phillips Petroleum
36
Chefoo
Lyons
Now.
May
23 3/8
July
23.5/16 for Forward.
American
Bank Buying Rate
Market Report
FROM ROZA BROS.
Monday, Mar. 3.
unchanged
Suver prices were
Total sales for the day:-32 contracts over, the week-end, the quotations NEW YORK COÇOA remaining at 23.3/8 for Ready and May
801/601
60/801.
601/601
1 off
Bethlehem Steel
78
Public Service of N.J.
271*
Colombo
Malacca
Sungei
Blisa & Co.......
18
Dairen
Mauilu
September
603/002 601/601 801780
601/80)
off
Pullman Inc...................
24
601/601
unch.
Joeing Airplane Co.
153*
Foochow
Muar
Pure Oll..........
71
Borg-Warner
181
Haiphong
Radio Corpn. of Am ----
41
Rankow
NEW YORK HIDES June September
Briggs Mig..
.213
Reading Company.
Com
131*
Barbin
13.26.28
13.33/33 13.25b/350
13.35/36 13.33/38
,09 up
Budd M'facturing Corp.
4
Remington-Arms Co., Inc.
41*
Iloilo
*anadian Pacific R'way
31
Case, JI
451*
Republic Aviation Corp.
37
Ipoh
Republic Steel
198
Celanese
234
Revere Corp.
81
Chesapeake & Ohio
401
Reynold Tobac. "B"
327
Silver was. imquoted.
The London/New York cross- rate was qutoed at 402.1/2. New York/London was quoted at 403.- 1/2.
July
2.25b/26a
2.29b/30a
Volume of business done:—181 lots.
NEW YORK SUGAR NO. 4 ···
6.12 N 6.11b/13a NEW YORK SUGAR NO. 3 May
8.18 N
:06
un
Chrysler Corpn.
957
Safeway Stores
38**
Columbla Gas & Elec.
41
Schenley Distillers
Commercial Credit Co. ...
30
2,24b/258 .01 off 2,29b/30a unch.
Bears Roebuck
713
Com, & Bouthern (Ord.)
11/18
Shell Union Oi
11
111*
Consolidated Edison
211
Socony-Vacunum Oil
8+
Consolidated O
50
various size to let.
Southern Pacific
9
Continental Can
377
TRUSTEE and
MARKET
Quiet.
May July
764b/.7/a
.761b/.780 .81/811
11.886/72a 11.63b/78 11.73b/80a 34-374
unquoted 4.03-1/2
Trams, $16.75,
SALES
after 1952)
མ་༣
£
1031 101-5/16
11.
42
40-44
HONGKONG
45
24
per cent.
STERLING
There were sellers at 1/3 March- June, buyers at 1/3.1/32 for any delivery.
U. S. DOLLARS
A small transaction was reported at 24.1/2 for March, The market elosed with sellers at 24.1/2 for Cash, buyers at 24 9/16 for Cash.
SHANGHAI DOLLARS
The highest rate touched was 439.1/2 Business was arranged at 439 and 438.1/2. The market closed with sellers for Spot at 439. buyers at 440.
SHANGHAI MARKET
Volume of business done: 64 lots. NEW YORK COPPER FUTURES July
NY. Official Silver NY-London Cross Rate 4,03-3/4
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Feb, 28, The following quotations are the middle prices" at, the close of the Opened with sellers of Sterling-market in Londen. 'All quotations at 3.27/64 and U. S. Dollars at are subject to confirmation and no 5 19742
Subsequently the rate responsibility is assumed for errors receded at 3.13/32 and 5.9/16.in transmission.
Last advices indicated sellers of
Sterling at 3.27/64 and U. B Dol-War Loan, 34% (Ret. lars at 5.19/32 otr Spot.
· AFTERNOON MARKET Steady for Sterling but U. 6. Dollars were slightly "easier.
STERLING
There were sellers at 1/3 March/ June, buyers at 1/3.1/32 for Cash. U. S. DOLLARS
Some business was arranged at 24.1/2 for March. The market closed with a possible seller at 24.7/10 for Cash, buyers at 241/2 for Cash,
SHANGHAI DOLLARS
440 was offered at the opening
Defence Loan, 3% Canton-Kloon Rly. 54. Chinese 4% Gold Loan 1898 (Brit. Issue ..... Chinese 5% Gold Bonds.
1925/47 10hin. 41% Anglo-French
Loan, 1908 Chinese 5% Crimp Loaл
1912
Chinese 5% Renrg. Loan
1913 (Ldn. Is.) oninese 8% Ster. Note
1925 (Vickers), Chin. Imperial Rly, 5%
Loan... Honan Rly 5%
and at the close there were sellers Hukuang Rly 5%, 1911.. at 413.1/2,
SHANGHAI MARKET
Sterling opened with sellers at 3.13/32 and closed at 3.25/64. U. B. Dollars opened at 5.9/16 and closed at 5.17/32 sellers for Spot.
Shanghai Exchange
Shanghal, Mar. 3 (Reuteri.
Official T.T. Rates
Londozi
New York
Japan
India
Paris
Hongkong
Sterling
Opening
0/3-3/8
.5-1/2
23-3/8
18-374 -nominal
22-3/8
Sellera
Opening Closing 0/3-27/64 0/3-25/64 0/8-27/64 0/3-25/04 0/3-13/32 0/3-3/8
(LP. N/Y Issue)
Hukuang Rly 5%. 191
གལ
HONG KONG STOCK. Bond & Share
EXCHANGE
The market was both dall and uninteresting.
BUYERS
Providents, $5.75." Lights, $8.13.
SELLERS
HK. Banks, $1340. Wharves, $95. Electrics .(O), $41.50. Telephones (0), $24. Dairy Farms. $18.25.
31
8-10
SALES
China Lights (0)
300 $ 6.15
47
China Lights Ets.
75 0.65
1940/41
14
HK Docks (0)
100
17.45
High
100
17.45
14
Dairy Farma
Low Dow Jones Averages 162 80 111.84-30 Industrials
32.67 22.15 20 Rails
Mar. 2, 1941. Feb. 28, High Low Close
1 1.97
122.06 121.73 191.88 -
Change
27.43
27.62 27.57 27.59
*.18 up
100
18.25
H.K. Hoteis
German Issue)
12
Lung aing &
Hal
HK. Telephones (0)
Rly. 5% 1913 - S'hai-N'King Rly, 5% Tientsin-Fukow Rly. 5%
(Brit. Stpd.)
¡Ropes
12
14
A.S." Watsons
5.00 3.40 200 24.00 1,000 8.10 500 10.85
20.45 22.19
18.03 20
Utilition
19.32
19.65 19.44 19.63
.0% off
8308 40 48.47 13
Bonds
9.19
90,28
.09.up
Commodity Index
59.03
30.03
21 off
Business Done: 110,000 shares
12
2,875
Tientsin-Pukow Rly. 5%
"Sales on Saturday, March 1.
12
The total value is $27,133,75. Govt. Loans 4% $5,000 at 97%-
12
(German Stpd:)..... Tientsin-Fukow Rly. 5% -Brit. Stpd. Supl. Lean) Tientsin-Pukow Rly. 5%
(Ger. Sipd. Supl. Loan)
Jap. 6% Ster. Loan, 1924 Jer, 7% Intl. Loan, 1924 6
Chartered Bank ............
HK, S'hai Bank (Lan
Reg.)
H.K. & 8 hal Bank (Col
Peg) Chinese Eng. & Mining
:(bearer)
Chosen Corporation.... Mercantile Bank of In-
dia. £5, "G"
Spot Mar.
April
U.S. Dollars
Spot
/.. Mar.
April
$5-19/32 $5-17/32
5-19/32 6-9/16-
Pekin Syndicate
5-17/33 5-1/2
Market:-Uncertain.
Silver Duty Rate.
The Central Bank of China's
234 -26
སྤ་ཐe pe;" 9
76
'bai Elec. Constr. Co. S'hal Waterworks "A" 12 Union Insurance
24
4/-
11-1/8
1/6
12/6
Imperial Chemical Ind. 30/11 United steel .....
Woolworths
21/11 52/8
Maramaŭ Investments
6/3
10/11/
Western Holding... 9/9 Sub-Nigel 39/41en Tran à Trad. 32/73 (bearer);
bla
146/3.
44/41
Gula Kalumpong Rubber 15/0 Lam. Mid, -& Scot Rly: 124 Great Western Rly, 334
rate on London at 10 am today National Bank of India
wie 1/2-1/24,
8-A, Tob (bearer)
Bristol Aeroplane
The Equalisation rate was 24 Dunlop Rubber.
32
84.07
TO
.781b/77a unch. .08b/.Bis
Continental Oil
17)
Southern Rly $5 ptd.
211*
business undertaken.
Spicer Manufacturing Co 324*
Copperweld Steel
144
Standard Brands
61
Ourting. Wright (C.)
81
Curtiss Wright "A*
261
(Stand Gas & Elec. ...........
**
Deere & Co. ....
204
Standard Oil of California.
181
Standard Oll of NJ.
341
",05
Distillers Corpn. Beagrams
181
up
Stone & Webster
6%
Douglas Aircraft
714
Du Pont de Nemours
1441
Studebaker Com,
-61
Eagle "Picher Leag
дна
Swift International
171
Technicolor
9
Eaton Mfg. Co.
32
Elec. Autolite
302
Texas Corpn.
351
31
Texas Gulf Sulphur
357
Elec. Bond & Share $5 pf.
54
Timken-Axle .....
32
Trans-America Co
43*
Alec Bond & Share 36 prť.
61
Elec. Power & Light $7 pf. Matkote
20th Cent. Fox.
51
302
137*
Union Bag & Paper Corp.
101
Gen. American Trans.
60
Union Carbide & Carbon
643
den.
Electric
322
Union Pacifc
78*
THE CHASE BANK
་
United Aircraft
381
Gen... Motors
432
Gen... Rallway Signal
131
United Airlines Trans
137
Gen. Tire & Rubber
11
United Corpn.
11.
Glidden Co.
Goodrich (BF.)
127+
United Corp. $3 cum pl. 25
Sourabaya
Patani Swatow
(Johore) Tientsin Mukden Tokyo
New York Tsingtao Peiping
Yokohama
Penang
PLIPINO
(Urking?
FORK.GN EXCHANGE Rad General Banking Businem transacted.
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 in Local Currency and Sterling with CURRENT ACCOUNTS opened interest allowed at rates obtainable in Local Currency and FIXED DE-on application, POSITS received for one ́year or The Bank's Bend Office in London shorter periods in Local and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
SAFE DEPOSIT BOXES of terms which may be ascertained at
any of the Agencies and. Branches
W. II. EVANS THOMAS,
Manager.
EXECUTOR
Hongkong, 28th February, 1941.
HONGKONG SAVINGS
BANK
The Business. of the above Bank is conducted by the BONGKONG
SHANGHAI BANKING COR POBATION. Rules may be obtain ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 26th Feb., 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital...$10,000,000.00 Paid-Up Capital......... 5,508,800.00 Reserve and Undivided
Profits
2,883,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director.
HON SIR SHOUSON CROW, Chairman
15, QUEEN'S ROAD, CENTRALL Koon Chun. Baq.
P. K. Kwok, Esq. Wong Tun Tong, Esq.
Chan Ching Shuk, Eaq,
RAIPHONG HAMBURG HANKOW
NEW YORI
YOKOHAMA
13
United Gas Corpn. ...
Goodrich $5 pl. a...
594*
United Gas Improvement 8)
Goodyear Tire & Co.
177
U.S., Industrual Alcohol.
Great Northern Iron Ore
*14*
U.S. Rubber
Great Northern Ely, pfd.
24
US. Rubber $8 pfd.
Great Western Sugar
231
U.S. Smelting
Greyhound Corpn. Hercules Powder Co Homestake Mining
11
US Steel
881*
Vanadium
544
Vultee "Aircraft
Int Nickel
247
Walworth Co.
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Monday, March 3, 1941.
Inter. Paper & Power Int. Tel. & Tel. Johnsman.
Kenzrecott Copper Libbey-Owens-Ford Lockheed Aircraft
134
Warner Bros. Pict.
21
Westinghouse Elec.
Woodward Iron Cor.
56*
-32
Chase National Bank
Glass 354
National City Bank
24*
Libby, Moneill & Libby
At the recent convention of the
DOW JONES AVERAGE
J11 off
An American Bank offering com-HON. MR. LI TE FONG, Manager
plete Foreign Banking Service
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources of over U.8.83,800,000,000.-
D. L. BALLANTYNE,
A
Manager.
WANT ADS
INDO-CHINA
Kuz
Loudon
Manija
Melbourde Nagasaki New York
Priping
Penank
Baigon
Hingapore Mangoon Exorabaya
Bow San Fran. Bydney
ciao Tintain Seattle Vansanter
Memarao
Shung w
Every description of Banking sad Exchange business transacted. Lozni granted on approved securities, 2
Current, Accounts opened in Loom! Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur easies од terms which will be uoted on application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Hanage'.
BANK OF CHINA
Specially Chartered by- THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL $40,000,000.
Province of Quebec Association of Operating Servises for Cargo and Passengers..
Breeders of Fur-Bearing Animals in Montreal, Mr. C. C. Holman. |secretary-treasurer of the associa
tion, reported that the province is }now leading in the breading of blue-gray platinum foxes. This type of fox had been developed as a breed in Quebec Province, Mr. Holman said, and he argest con- tinued specialization.
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 Concession at Shanghai, where passengers and cargo are landed.
For further particulars
please apply tomo
JARDINE MATHESON&Co.,LT
TELEPHONE ZOMILÖGENERAL MANAGERS.
(BRANCHES ALL OVER CHINA) Owing to our numerous Branenes 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 Branch:
4. QUEEN'S ROAD, C.
South China Offices."
CANTON
BWATOW
SHIUCHOW
KONGMOON TUISHAN
KINGCHOW
We also handle the inane of Bonds and other Publ Funds of the China Government both at. Hort and, Abroad.
SHOU 1. CHEN
Handger
Li Lan Sang, bag.
Wong Cha Son, Esq.
HEAD OFFICE:
Fang Fing Wah Esq.
11
18 PIN STREET.
NEW YORK.
KAN TONG PO, ESQ., Chief Manager
23
201
80*
58*
28
in the principal Markets of the world.
l
Branches and Ayenasca:
Amay
Kowloos
Bazaria
Bomber
Catontia Haiphong
HADKON Hotola
Paris
5
3
951
28*
303*
263*