High Low 10.45 10,40 21.65 21.20
82-214 607 611 13.59 13.44
Prev. Today's.
Close Close Change .02 up 10.42 10.44 21.06 21.85
.59 up 821 821
1 up
611 614
unch.
13.41 13.55
.14 up
Adams Express
Close 10.44/45
Opening
Closing
Change
10.45/45
10.48/48
02 up
Allis Chalmers ..
10.42/43 10.43/43
10.44/44
02 up
Aluminium Ltd.
10.36/37
10.35/35
10.37/37
.01 up
Amer. Can
10.10/10
10.09/09
10.12/12
.02 up
10.09/09
10.08/07
10.10/10
01 up
American Cyanamid B.
30.07 N 10.81
10.04b/078
10.08 N
01
Amet. Foreign Power ...
10.82
.01 up
Amer & Foreign $7 pf.
Amer. Locomotive
Amer. Metals Co...
Amer. Radiator
Amer. Rolling Mil
21.06/08
21.20/20
•
On Batavia:--
20.55b/80a
20.63/67
'On demand
20.25/25
20.30/32
On Paris:-
20.00 N
20.00b/12a
21.65/65 20.99/21.00 20.65/65 20.35 N
.59 up.
Amer. "Sting and Ring Co. 40
..44 up.
Amer. Sugar Refining
.40 up
Amer. Tel. & Tel
.35 up
*
Bank Bills, on demand Nom.
Credits 4 months' sight Nom.
Amer. Tobacco "B"
Total sales:-820 tons..
Amer. Waterworks
"PAGE_10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS MARCH 7, 1941,
On London:--
Telegraphic
Transfer. 1/2 7/5 Bank Bills, en demand 1/2 7/8 Credits 4 months' sight
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
NEW YORK, March 6. 1941
||
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May New York Hides, June NEW YORK COTTON March .....
Dn Shanghai:--
On' demand
430
"On Singapore:-
May
On demand
63 3/4
July
On Japan:-
October
On demand
ing. 1/2
December
On India:
January
Telegraphic Transfer.
and demand
82 1/2
Spot
NEW YORK RUBBER May
July (New contract)
45 1/4
September
{
December
{
On New York
Bank Bills, on demand 24 1/8 Crediis, 80 days alght 24 7/8.
Total sales Wednesday:--12,780 bales, The last notice day for March Cotton is 14/3/41
NEW YORK STOCK EXCHANGE
STOCKS
Alleghany Steel Co.
QUOTATION
(REUTER'S SERVICE)
MARCH 7, 1941,
to
SATURDAY, MARCH 8, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital...........
$50,000,000
"INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up #20,000,000| Incorporated by Royal Charter, 1868
Reserve Funds: Sterling
ป
£3,000,000 £9,000,000
..£3,000,000
£5,000,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund
Reserve Liability of Pro- Reserve Liability of
prietors . $20,000,000 |
Head Office:-HONG KONG
Proprietors
Deputy Chairman. J. E. Bousfeld, Esq., A. I. Compton, Esq.,
HEAD OFFICE: LONDON: 39, Bishopsgate E.C.. Sub-Arenoles In London: 117/122, Leadenhall Street, E.C.a West End Branch: 14/18, Cockapur Street, B.W1 Manchester Branch:
69, Mosley Street, Manchester,
ÁLOR STAR
AGENCIES AND BRANCHES
HONG KONG KANANG
ILOILO
ΤΡΟΠ
AMRITSAR
BANGKOK
HANGOON
BALCON
AERZYBAK
KARACHI
SHANGHAI
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
'Chief Manager.
BATAVIA
BOMBAY
OLIVE STAT KUALA FAIRLIE PLACH
CANTON
Last Sale
STOCKS
Last Sale
Mar. 6
Mar. 6
8
Loew's Inc.
321
211
Loft Incorperated
194
292
Mack Truck Inc.
271
Board of Directors: Hon. Mr. J. J. Paterson,
373
Martin, Glen L. .............
28%
Chairman.
311
McKesson & Robbins, pfd.
254*
W. H. Lock, Esq.,
331
Montgomery Ward
37+
Mtain City Copper Co.
3
161
|National Aviation
9
13)
Nat. Dairy Products
13)
L. J. Davies, Esq.,
171
National Distillers
31
Hon. Mr. S. H., Dodwell,
National Lead .....
16
1. Miskin, Esq.,
14
Nat, Power & Light
K. 5. Morrisco, Esq.,
National Supply Corp.......
51
154
FLANG
New York Centanl
13
162
Niagara Hudson Power ...
21
CALOUTTA
AGENCIES
SINGAPOR
KOBA
SITIAWAN
69
N. American Aviation
*141
BOC BABAYA
North American Co. ......
150
CHICAGO WHEAT
Anaconda "Copper
$5
Northern Pacifle.
Branches:
On Baigon:-
On demand
104 1/2
May
821/82)
81/813
On Manila:-
July
781/781 773/772
On demand
......... 48 1/4
1/4" September
782/781
1821/831
87/87 781/781
1 up
Atchison, T. & S. Fe.
234
Owens-filmols Glass Co. ...
142
Aviation Corp.
31
Amoy
Pacific Gas & Elec
254
off
Bangkok
Johore Rangoon Kobe
Saigon
Baldwin Lecometive
15
Packard Motors
27
Batavia
Kowinco San
Wednesday's sales:-7,453,000 bushels.
Baltimore & Ohio
31
Pan-American - Airways
121
Bombay
Kusla
Francisco
On Bangkok:-
Barber Asphalt Co.
ទ៩
On demand
149 1/2
CHICAGO CORN
Faramount Pictures....abia.
11
Calcutta
Lumpur Shanghai
On Sterling Note:-
May
611/611 811/612
611/014
unch.
Barnsdall Oil ......
81
Pennsylvania R.R.
231
Canton
London
Bank Buying Rate
Nom.
July
61/501
603/603 61/611
+ up
Bendix Aviation
354
Phillips Petroleum
37
Chefoo
Lyons
Bar Buyer per oz.
23 2/8
|September
50+/60;
60/601
unch.
Bethlehem Steel
791
Colombo
Public Service of N.J
261†
Bliss & Ca
162
Daireo
Manila
Pullman Inc.........................
234
NEW YORK HIDES
June
13.41/41
September
13.37/43
6.49 N
NEW YORK SUGAR NO. 3 May July
MARKET
Featurless.
rt
There
Wert
after 1952)
1031
Defence Loan, 3%
Janton-Kloor Rly. 5% Chinese 4%. Gold Lan
1898 (Brit. Issue) Chinese 5% Gold Bonds,
1925/41
1017 11
42
market
Chin. 41% Anglo-French
Loan, 1908 Chinese 5% Crip Loan.
45
4912
24
31
Chin. Imperial Rly, 5%
Loan Honan Rly, 5% Hukuang Bly. 5%, 1911...
LP. NY Issue) Hukuang Rly. 5%. 1911
(German Issue) Lung Teing & U
47
14
14
12
Hai
Rly. 5% 1913
12
S'hai-N'King Fly, 5%
14
Tientsin-Pukow Rly, 5%
(Brit. Stpd.)
12
Tientsin-Pukow Rĺy. 5%
(German Stpd.)
12
Spot
(Ger. Stpd. Supl, Loan):
Tientsin-Pukow Rly. 5%
(Brit. 8tpd. Supt. Loan) 12 Tientsin-Pukow Rly. 5%
12
Mar Apr.
Jap. 6% Ster. Loan, 1924 23:26
Market Report
FROM ROZA BROS.
Friday, Mar. 7.
Total sales for the day:-105 contracts NEW YORK COCOA
Sliver prices were unchanged May yesterday, the quotations remain ing ab. 23.3/8 for Ready
and 23.5/16 for Forward. Silver ad- vices reported the market as being American Silver steady but quiet. was quoted at 34.3/4 for Spot.
The London/New York cross- rate was quoted at 402.1/2. New York/London was quoted at 403. 1/4.
STERLING Nothing doing.
sellers at 1/3 up to June, buyers
at 1/3.1/32 for Cash,
U. S. DOLLARS
No business. was reported. There were sellers at 24.1/2 for near and 24.9/16 end of April, buyers" at 24.9/16 for Cash,
SHANGHAT DOLLARS
2,16b/191 2.22b/233 Volume of business done:-402 lots NEW YORK SUGAR NO.4 May July
Volume of business done:-64 lots. NEW YORK COPPER FUTURES" Joly
11,91/91 11.65b/98a N.Y. Officiel silver ............. 34-3/4 NY-London Cross Rate 4.03-1/2
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, March G. The following quotations are the Business was done during the middle prices at the close of the course of the morning at 445.1/4 market in London. All quotations and also 445. The market closed are subject to confirmation and no with sellers at 444.3/4, buyers at responsibility is assumed for errors
in transmission. 445.1/4.
SHANGHAI MARKET
Sellers of Sterling were quoted War Loan. 34% (Red at 3.23/64 for Spot and U, S.
Dollars at 6.1/2 for Spot.
AFTERNOON MARKET
The market was duly in the afternoon.
1:
STERLING
The Nothing doing. closed with sellers at 1/3 up to June, buyers at 1/31/32 for any delivery.
U. S. DOLLARS Nothing reported. The market closed with sellers at 24.1/2 for near and possibly 24.9/16 last day of April, buyers at 24.9/16 for Cash.
SHANGHAI DOLLARS.. Closed with sellers at 444.3/4. buyers at 445.1/4.
SHANGHAI MARKET Last, advices received reported sellers of Sterling at 3.23/64 and US Dollars at 5.1/2 for Spot.
Shanghai Exchange
Shanghai, Mar. 7 (Reuter).
Sterling
Bellers
Opening
Clasing 0/3-23/61 0/3-23/64 0/3-23/640/3-23/64
Chinese 5% Reorg. Loap,
1913 (Lin. Is.) Chinese 8% Ster. Notes.
1925 (Vickers).
LONDON METALS
EXCHANGE
London, "Mar, 6 (Reuter). Tin. Standard, Cash, Middle Price, £266-1/4.
Tin, Standard, 3 months, Middle Price, £266-1/8.
Market quiet, "
SILVER MARKET
LONDON SILVER London, Mar, 6 (Reuter). Silver-Market very quiet and steady with practically no busi- ness. In the afternoon, the mar- ket was "qulet with no business.
Spot, 23-3/8d.
Forward, 23-5/16d,,
BOMBAY SILVER
Bombay, Mar. 6 (Reuter). Market-Quiet but steady, Off-
take 150 bars.
Eagle Picher Lead
Eaton Mfg. Co.
Elec, Autolite
Gen. Railway Signal Gen. Tire & Rubber
Great Westem Sugar Greyhound Corpn. Hercules Powder Co.
Boeing Airplane Co.
161
Foochow
Must
13.50/50
13.55/55
14 up
Pure Oll
73
Borg-Warner
16+
Haiphong
(Johora) Tientsin
13.45/45
13.55/59
18 up
Radio Corpn. of Am. per
Briggs Mfg.
22
Reading Company, Com
141
Harbiu.
Budd. Mfacturing Corp.
11
Remington Arms Co., Inc.
42*
Iloilo
Peiping
Yokohama
canadian Pacific R'way
3+
Republic Aviation Corp.
37
Ipob
. Penang
8.50/55
6.75
18 up
Case, JI
462
Republic Steel
20
Celanese
234
.
2.23 N 2,26b/27a
.07 up
Chesapeake & Ohio...
3911.
Revere Corp.
8
Reynold Tobac, "B"
32
.01 up
Chrysler Corpo,
671
Bateway Stores
384
Columbia Gas & Elec.
4
J
Commercial Credit Co.
303
Schenley Distillers
*
Sears Roebuck
73
,750/75ła .75b/78a
781b/.700 .79/.79
750/75+3 781b/.79a
Com, & Southern (Ord)
quoted on application.
unch. unch.
Consolidated Edison
214
Shell Uniory Oil
114
Consolidated Off
5$
Socony-Vadunum Ol
81
various sizes to let.
Southern Pacific
9A
Continental Can
374
TRUSTEE and
EXECUTOR
Southern Rly $5 pfd.
224
Continental Ol....
18
business undertaken.
11.92b/96a .01 up 34-3/4 4.03-1/4
Copperweld Steel
147
Spicer Manufacturing Co. 313*
Standard Brands
61.
Curtiss Wright (C)
8+
Curtiss Wright “A*
27
Stand Gas & Elec...
{*
Deere & Co.
201
Standard Oil of California
18)
Hongkong, 26th February, 1941.
HONGKONG SAVINGS"
BANK
Singapore Sourabaya
Malacca Sungei
Patani Swator
Bankow Mukden Tokyo
New York Tsingtao
HANKOW
NEW YORK PRIPING
TAIPING
TIENTSIN
TONGKAR
(Bhuket) ..THINGTAL
YOKOHAMA
(Peking! +
FOREIGN EXCHANGI and General Banking Business transacted
CURRENT ACCOUNTS opened, and FIXED DEPOSITS received for Oor- Year or shorter periods in Local 01 Other Currencies at rate 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.
The Bank's Head Office in London 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
SAFE DEPOSIT BOXES of terms which may be ascertained at
any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
LUMPUR
KUOHING
CAWNPORT
MADRAS
CEBU
COLOMBO
MANILA
DALHI
MEDAN
BAIPHONG
HAMBURG
Distillers Corpn. Seagrama
161
Standard Oil of NJ.
331
Douglas Aircraft
73*
Stone & Webster ..
7
Du Pont de Nemours
1441
Studebaker Com.
.81
The Business of the above Bank
9
Swift International
171
is conducted by the HONGKONG SHANGHAI BANKING COR-
Technicolor
91
324
Texas Corpa. ...
35)
31
ed on application.
Elec Bond & Share
34
Texes Gulf Sulphur
35
For the HONGKONG & SHINGHAI
Elec. Bond & Share $5 pt.
51
Timken-Axle
321
BANKING CORPORATION.
Elec Bond & Share $6 pt.
601
Trans-America Co.
4+
Sec. Power & Light $7 pl.
304
20th Cent. Fox
61
Flintkote
·131
Union Bag & Paper Corp.
11
Hong Kong, 28th Feb., 1939,
Gen. American Trans.
50
Union Carbide & Carbon
65+
Gen. Electric
334
Union Pacific
78"
THE CHASE BANK
Gen Motors ...
"434
United Aircraft
391
£
13
United Airlines Trans
131
114
United Corpn.
11
Glidden Co.
123*
United Corpn. $3 cum pf. 261
Goodrich (BF) ....
131
United Gas Corpn.
#
Goodrich $5 pt
601
United Gas Improvement
81
Goodyear Tire & Co.
181
US., Industrual Alcohol,
231*
Great Northern Iron Ore ..
14
U.S. Rubber
212
Great Northern Rly, pid,
251
UB. Rubber $8 prd.
89
40-44
242
U.S. Smelting
5631
114
U.S. Steel
583
Interest Rates on Application.
BANK OF EAST ASIA,
PORATION. Rules may be obtain-Authorised Capital.....$10,000,000.00
V. M. GRAYBURN,
Chief Manager.
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET.
NEW YORK. An American Bank offering com. plete Foreign Banking Service in the principal Markets of the world.
Paid-Up Capital
Reserve and Undivided
9,983,281,50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
-Board of Director.
HON. SIR SHOUson Chow, Chairman Li Koon Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq., Wong Chu Son, Esq. Wong Yan Tong, Erq. Fang Ping Wah Esq. Chan Ching Shak, Esq..
KAN TONG PC, Esq., Chief Manager HON. M. LA TEE FONG, Manager
Amoy
Branches and Agencies:
Kowloos
Singapore
Borzow Melbourne Bad Fran- Sydney
Penang Hangoon Boubaya Nalgen
LIMITED
5,598,500.00
Profits
691
Vanadium
281
Indian Mint Silver
Homestake Mining ........... Int Nickel
45%
Vultee Aircraft
SAFE DEPOSIT BOXES
251
Walworth Oct
Ready
63-00
Mar. 24 Settlement
62-13"
Inter. Paper & Power
145
Warner Bros. Pict.
31
Int. Tel. & Tel.
21
Westinghouse Elec,
941
April 22 Settlement
62-13
John.man
57)*
Woodward Iron Cor.
271
8-10,
Kenrecott Copper
331
Chase National Bank
31
BROKERS
New York, Mar. 6 (Reuter).
Loans on securities to blokers in
LOANS
Libbey-Owens-Ford
Glasa 351
National City Bank
261
Lockheed Aircraft
241
Libby, Monell & Libby
Manager,
New York:-
WK-ended
Wk.-ended
Wk-ended
DOW JONES AVERAGE '
29/2/40
27/2/41 8/3/41 $457,000,000 $332,000,000 $348,000,000
1940/41
Mar 7, 1941.
Head Office:-15, Gracechurch Street,
Bigh
Bub-Nigel...
145/-
Shell
(bearer)
&
Trad..
43/9
84.07
• bid
+ -ex. dlv.
Low Dow Jones Averages
Industrials 162.80 111.84 30 22.15 20 32.87
Rails 28.45 18.03 20 Utilities
Bonds 92.18 83.06 40
48.47 11 Commodity Index 88.17
Mar. 6, High Low Close 120.30 27.51
Change
London, EC3
This Bank is entirely owned by THE CHASE NATIONAL BANK, New York, with Resources of over U.S.$3,800,000,000.
D. L. BALLANTYNE,
THE MERCANTILE BANK OF INDIA, LIMITED
Shanghal
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts apened ju Local Currency and Fixed Deposits re-
ceived for
shorter One year (OR periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE LEPOSIT BOXES TO LIT.
KAN TONG PO,
Chief Manager.
Dažerja
Loudon
Bombay
Kanita
Onkslia
Haiphong Brako
disco Tectan
New York
Seattle
Parta
Bemarang
Kotze
Palping
Vancouver
121.68 120.10 191.83
1.33 up
27.94 27.43 27.92
.41 ap
Authored Capital Subcribed Capien Paid-up Capital
++
£3,000,000 £1,800,000 21,060,000
.:
19.21
19.38 19.11 19.35
.14 up
Eery Fand and Best,
.. 21,254,859
90.24
90.59
34 'up
BANKERS:
Business Done: 480,000 shares
0/3-11/32 0/3-11/32
Ger, 7% Intl. Lean, 1924 54
Chartered Bank
U.S. Dollarz
*****
81
EK. & Shai Bank (1dn.
Spot
$5-1/2
5-1/2
Reg.).....
74
"Mar.
5-15/33
5-15/32
5-15/32
Market:-Dull.
,
Silver Duty Rate
Morning Opening
Apr....... $5-15/32
The Central Bank of China's Chosen Corporation rate on London at 10 am. today Mercantile Bank of In- was 1/2-1/2d.
dia. £5, "G"
The Equalisation rate was 24 Pekin Syndicate .... per cent.
S'hal Elec. Constr. Co.
6'hai Waterworks "A" On London 3-5/16; New York Union Insurance $5-3/8; Japan Y.22-3/4; India Gula Kalumpong Rubber Hong Lon, Mid. & Scot., Rly. R.18-3/8; Paris nominal kong $22.
Calcutis Exchange
Calcutta, Mar. 6 (Reuter). TT on Japan, 8-1/4.
India "Rupee Paper
Bombay, Mar, 6 (Reuter). Govt. 34% Rupee, 94-12-0.
Weatern Holdings
EK & Sbal Bank (Col
Reg)
78)
TO-
Chinese Eng. & Mining
(bearer)
27/-
and TIENTSIN
41-
11-1/8
1/0
12/0
12
24
15/9
117
Great Western Rly.
314
and cargo are landed.
National Bank of India 321
B.-A. Tob (beazer)
87/8
Dunlop Rubber
31/9
Bristol Aeroplans
10/3
tmperial Chemical Ind. 20/72
United Steel
20/9
Woolworths
49/73
Marsman Investments
9/3.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Payoongera
SWATOW, SHANGHAI, TSINGTAU, CHEÏ00
KOBE and OSAKA ·
SINGAPORE, PENANG and CALCUTTA
'SANDAKAN:
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in
the French Concession at
Shanghai, where passengers.
For further particulars
please apply to-
The Bank of England and Midland
Bark, Ltd. BRANCHES:
Уров Indina Enantan Kandy
Kunin Trenigga Madr New York Pening Kanzion Shanghal
Banks
HONG KONG BRANCH:
Every description of Banking and Exchange besine transacted,
TRUSTEE AND EXECUTORSHIP
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL. EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.0
(BILANCHES ALL OVER CHINA) Owing to our numerous Brabenea in China and connections in the GURRENT ACCOUNTS opened in Local Our-principai Commercial Centres of ray and FIXED DEPOSITB received in Local the World, we are able to extend CANTLY & ECERLANE on terms that may be to our Clients special facilities for astrider on app Mesilon.
Domestic and Foreign Banking sud
UNDERTAKEN
D. BENSON.
What do
Manager Exchange.
you want?
H there is anything you want to buy or well, try AL sto all Classifed advertise- ment in the Hong- kong Daily Preza.
JARDINE MATHESON&Co.,LTD. 25 words $1.50 prepaid.
TELEPHONE JOZIL GENERAL MANAGERS "
for 3 insertions?
Read Office:-SHANGHAI
Hong Kong Branch:
4, QUEEN'S ROAD,"0. .
South China Offices:
CANTON
SWATOW
KONGMOON
TUISHAN KINGOF0W
We also handle the issue of Bonda and other Puble Funds of the Chinese Government both at Home
SHOU J CHEN
Manager.
and Abroad,
58.68
51 up
+;
Bangkok
Bombay
Calesta Colom
Delbl - Galle
Karachi
Kota BharO
Hunglong
Esala Lipis
How
Kuala Lumpur
3!ugspore
it
SHIUCHOW,