NEW YORK, March 8, 1941.
Prev. Today's High
Close Close Change Low 10.55 10.49 10.49 10.50 .01 21.20 21.05 21.30 21,15b 15
up of
851 84%
62 --811 13.78 13.72
£3) ,851 12 up 613" 811
up
STOCKS
13.77 13.75 .02 off
Close 10,50/50
Opening
Closing
Change
Adams Express
Allegany Steel Co.
10.50/51
10.53/53
.03 up
Allis Chalmers
10.49/49
10.50/52
10.50/51
.01 up
Aluminium Ltd,
10.41/42 10.42/42 10.21/21 10.18/19 10.27/26. 10.18 N 10.87"
10.45/48
04. up
Amer. Can
10.29/28
10.31/31
10 up
American Cygnamid B.
10.37/27
.09 up
Amer. Foreign Power
10.25/25
10.25 N
09
up
Amer & Foreign $7.pf.
10,58
.01
up
Amer. Locomotive.
amer. Metals Co.
Amer. Radiator
Amer. Rolling Mil
........ 45 1/4
NEW YORK RUBBER
May
Amer. Sting and Ring Co.
.21.30/30 .." 21.20/20
21.15b/18a
.15 of
Amer Sugar Refining
On. Paris:-
July (New contract)
20.70/71
20.60/61
September
20.30/30
20.18b/25a
December
} ... 20.10 N
20.00/00
20,60/62 20.15b/18a 19.95 N
.10 OM
Amer. Tel & Tel.
15 of
Amer. Tobacco "B"
15 O
Amer. Waterworks
PAGE_10—HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS MARCH 8, 1941.
On London : -----
Telegraphic Transfer, 1/2 7/8 Bank Bills, on demand 1/2 7/9 Credits 4 months' sight
On Shanghai:—
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May New York Hides. "June
NEW YORK COTTON
March May
On demand
435
On Singapore:-
On demand
i
... 52 3/4
July
On Japari:--
"
October
December
On demand ............. 102 1/2
On India:-
Telegraphic. Transfer.
Janusry
and demand 82 1/2 Spot..
On New York:—
Bank Bills, on demand 24 1/8 Crédita, 80 days' sight 24 7/9
On Batavia-
On demand
Bank Bills, on demand Nom.
Credits 4 months' sight Nori.
Total sales Friday:-203.400 bales.
The last notice day for March Cotton is 14/3/41.
NEW YORK STOCK EXCHANGE
QUOTATION
(RECTER'S SERVICE)
MARCH 9, 1941.
MONDAY, MARCH 10, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital. 880,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Bully Paid-Up $90,000,000 Incorporated by Royal Charter, 1850
Reserve Funds:
Sterling
£6,000,000 Paid-Up Capital
Reserve Fund
H. K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors „ú.
}
$20,000,000
Head Office:-HONG KONG
£3,000,000 .£3,000,00
...."£3,000,000
Reserve Liability of Pro-
prietors
HEAD OFFICE: LONDON:
38, Bishopsgate E.C.1. Sub-Agencies In London: 117/199, Leadenhall Street, E.0.3, West End Branch; 14/16, Cockapur Street, B. W 1 Manchester Branch: Deputy Chairman. 69, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES
HONG KONG" PENANG
Last Sale
STOCKS
Last Sale
{"
Mar. 8
"Mar. 8
6
Loew's Inc.
311
211
Loft Incorperated
18
29)
Mack Truck Inc.
27
73*
Martin, Glen L.
Board of Directort: Hon. Mr. J. J. Paterson,
281
1
$41*
Chairman.
McKesson & Robbins, pra. 25
33).
W. E. Lock, Esq..
Montgomery Ward
374
03/16
M'tain City Copper Co.
3
171
National Aviation
J. E. Bousfald, Esq.,
83%
134
Nas. Dalry Products
13
A. H. Compton, Esq.,
179
L. J. Davies, Esq.,
National Distillers
21
ALOR STAR
61
Hon. Mr. S. H. Dodwell,
National Lead
16*
AMRITSAR
ILOILO
RANGOON
141
G. Miskin, Esq.,
BANGKOK
Nat, Power & Light
7
401
National Supply Corp.
163
New York Centanl
121
161
Niagara Hudson Power
23
681
N. American Aviation
14
51
On Saigon:-
On demand
On Manila:—
Total sales for the days--240 tons.
Anaconda Copper
247
North American Co.
15%
Northem Pacifc
61
104 1/2
Atchison, T. & S. Pe
234
Branches:
E. S. Morrison, Esq., Hoa. Mr. T E. Pearce,
Hon. Mr. A. L. Shields, Sir Vaudeleur M. Grayburn,
Chief Manager.
QUITE STAT KUALA FAILLIE PC
OANTON DAWKPOEI
ІРОН
BAIGON
BATAVIA
BERIMBAN
KARACHI
BOMBAY
DALOUITA
AGENCIES:
SHANGYAL
KLANG
SINGAPOR
KOBE
SITIAWAN
BOURADAYA
LCMFUR
TALFING
KUCHING
TIANTSIN
Owens-Illinois Glass Co. ...
444
MADRAS
CHICAGO WHEAT
Aviation Corp.
3.
Amay
Pacific Gas & Elec
261
On Sterling Notes:-
On demand
On Bangkok-
On demand
Bank Buying Rate
Bar Silver per oz
•
Market Report
FROM ROZĄ BROS.
Silver prices were unchanged June..... yesterday, the quotations remain September
and ing at 23.3/8 for Ready 23.5/16 for Forward. Silver ad vices reported the market as being dull and featureless.-
48 1/4
May
831-83+ 834/834
July
791/80
80/801
149 1/2
September
794/80
854/851- 821/82 82/82}
14 up 21 up 23 up
Baldwin Lecometive
142
Bangkok
Johore Rangoon Kobe. Saigon
||
Packard Motors
23
Baltimore & Ohio
31
Batavia
Kowloon
Sai
Pan-American Airways
123
Barber Asphalt Co.
81*
Bombay
Kuala
Francisco
Paramount Pictures
111
Calcutta
Barnsdall. Ol
8
Lumpur Shanghai-
Friday's sales:-14,950,000 Bushels.
Pennsylvania 'RR.
23
Canton
London
Singapore
Now.
Bendix Aviation
за
Phillips Petroleum
361
Chefoo
Lyons
. Sourabaya
23 3/8
CHICAGO CORN
Bethlehem Steel
781
Public Service of NJ,
261*
Colombo
Malacca
Sungei
Bliss & Co. .......
18)
May July
611/612
September
614/614 61/61
51/611 6132014
611/82 62/62 617/613
999
up
Pullman Inc...
24
Dairen
Manila
Boeing Airplane Co,
16
Foochow
Muar
3
up
Borg-Warner
-181
Pure Ol.......
冠
Patani Swatom
up
Radio Corpn. of Am.
Briggs Mfg.
22
Bankow
Mukden
NEW YORK HIDES
Budd M'facturing Corp.
4
Reading Company,
Com
14
Harbin
New York
March 8:
for
י,
6.77 N
NEW YORK SUGAR NO. 3 -York The London-New
cross-May rate was quoted at 402.1/2. New July York-London was quoted at 403- 1/2.
13.77/77 13.78b/89a 13.75/75 13.78/79. 13.70b/84a 13.77/77 Total sales for the day:1 contracts. NEW YORK COCOA American May Silver was quoted at 34.3/4 Spot,
.02 off
Canadian Pacific R'way
34*
Remington Arms Co., Inc.,
Iloilo
Peiping
Tokyo Tsingtao Yokohama
.01 off
Case, JI
474
Republic Aviation Corp.
4
!
Ipoh
Penang
Celanese
234*
Republic Steel
19
Chesapeake & Ohlo
391
Revere Corp.
BR
Chrysler Corpn.
66%
Reynold Tobac. "B"
32
Columbia Gas & Bec.
$
Safeway Storeş
381*
5.80/80
8.73 N
.04 off
2.29b/30x 2.33b/34a",
Commercial Credit Co. Com, Southern (Ord.) Consolidated Edison
31
Schenley Distillers
91
011/16 Sears Roebuck
73
217
Shell Union of
11+
quoted on application.
2,30b/318 2.34b/354
.01. up
.01 up
Consolidated 00 ..... Continental Can
51
Bocony-Vacunum Of
81
361
Southern Pacific
9
various sizes to let.
MARKET
Dull,
Volume of business done:-310 lots
NEW YORK SUGAR NO, '4 May.. July
Continental 01
184
Southern Rly $5 pfd.
Copperweld Steel
141
Spicer Manufacturing Co. 33*
Curtiss-Wright (C.)
81
Standard Brands
.75b/.75 a 74b/78a .791b/.791278b/.70a Volume of business done:144 lots. NEW YORK COPPER FUTURES July
11.92/92
War Loan, 34% (Red,
after 1962)" Defence Loan, 3%
Janton-Kioon Rly. 5%
STERLING
No business was reported. There were sellers at 1/3 up to June. buyers at 1/31/32 for any de- livery.
U. S. DOLLARS
A small business was reported at 24.0/16 for forward delivery. The market closed with sellers at 24.- 1/2 up to May with small buyers at 24.9/18 for forward delivery.
SHANGHAI DOLLARS
Some business was done during the course of the morning at 444.- 3/4 and 444.1/2. The market clos- ed with sellers at 444.1/4, buyers at 444.3/4.
SHANGHAI MARKET
N.Y. Official Silver......34-3/4 NY-London Cross Rate 4.03-1/2
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Mar. 7.
The following quotations are the
Democratic Tripartite Arrangement
9 (Reuter)-
middle prices at the close of the LONDON, Mar. market in London. All quotations Negotiatioris are progressing satis- reported at 3.23:54 and U.S. Dol-are subject to confirmation' and no factory for a tripartite arrange-
Quiet Sellers of Sterling were
lars at 5.1/2 for Spot..
Shanghai Exchange
Shanghai. Mar. 8 (Reuter).
Official T.T. Rates
responsibility is assumed for errorsment between Great Britain, the in transmission.
Gen. Tire & Rubber Glidden Co.
Goodrich (B.F.)
.74b/744a .781b/:79a
".01 off unch.
Curtiss Wright "A"
27
Stand Gas & Elec,
21
Standard Ol of California
Deere & Co......
Distillers Corpn. Seagrams
164
Standard Olof N.J
Douglas Aircraft
73
Stone & Webster
Du Pont de Nemours
144+
Studebaker Com
11.89b/98a
11.01b/942 unquoted 4.03-1/2
.01 off
Eagle Picher Lead
8*
Swift International
Eaton Mfg. Co.
32
Technicolor
Texas Corpn.
Elec. Autolite
Elec, Bond & Share.
34
Texes Gulf Sulphur
Elec. Bond & Share $5 pt.
62*
Timken-Axle ....
Elec. Bond & Share $4 pf.
594
Frans, America Co.
Elec. Power & Light #7 pi. Flatkote
30
20th Cent. Fox.
137
Union Bag & Paper Corp.
Gen. Amerigen Trans.
50
Union Carbide & Carbon
Gea. Electric ..........
33.
Union Pacific
Gea MotorS
43
United Aircraft
Gen. Railway Signal
131*
United Airlines Trans
11*
United Corpo
12
United Corpn. $3 cum pt. 26
127
United Gas Corpn.
Goodrich $5 pf.
612
United Gas Improvement
Goodyear Tire & Co.
18+ -
U.S. Industrual Alcohol.
104-1:4 1012 11
United States and China, Jordinate and administer British ind United States credits to the Chinese Stabilisation Fund, it is learned here.
co-
au-
Opening
Chinese 41% Gold Loan
Great Northern Iron Ore Great Northern Rly, pid. Great Western Sugar
- Greyhound Corpn. Hercules Powder Co,... Homestake Mining Int Nickel
1.147
U.S. Rubber
25
US. Rubber $8 pid..
251
US. Smelting
11
U.S. Steel
69*
Vanadium
454
Vultee Aircraft
-251
Walworth Co.
"London
New York
Jupan
0/3-5/16
1898 (Brit. Issue)
42
14.
Warner Bros. Pict.
5-3/8
22-3/4
Chinese 5% Gold Bonds.
1925/AT
21
Westinghouse Elec,
40-44
564*
Woodward Iron Cor.
India
18-3/8
Chin. 41% Anglo-French
33
Chase National Bank .....
Paris
Rongkong
nominal 22
Loan, 1908
45
Glass 351
National City Bank......
f
Spot
Sterling
Sellers
Opening Closing
0/3-23/64 0/3-3/8
Chinese 5% Crisp Loan.
1912
233
Libby. Monell & Libby
Chinese 5% Reorg, Loan.
1913 (Lon. Is.)
31
ས -༢
24
Mer
0/3-23/64 0/3-3/8
Apr.
0/3-11/32 0/3-23/64
Chinese 8% Ster. Notes.
1925 (Vickers)
1:
8-10
Chin. Imperial Rly. 5%
U.8. Dollars
Loan
47
8pot Mar.
$5-1/2
$5-1/2
Honan Rly, 5%
14
5-15/32
5-172"
Hukuang Rly 5%, 1911
Apr.
5-15/32
5-15/32
(LP. N/Y Issue'
14
Market:-Quiet.
Silver Duty Rate
Hukuang Rly. 5%, 1911
Mar. 7, 121.9
27.89
.06 of
Utilities Bonds
19.41
19.46 19.41 18.43
.02 up
$0.63
90.68
.05 off
Commodity Index
59.11
59.58
Business Done:-160,000 shares
German · Issue)
12
The Central Bank of China's rate on London at 10 a.m. today
Lung Taing & U. Hal
Ti.
Rly. 5% 1913
12
Price, £267-1/8.
was 1/2-1/2d.
A
The Equalisation rate was 24 Tientsin-Pukow Rly. 5% per cent.
Calcutta Exchange
Calcutta, Mar. 8 (Reuter),
TT on Japan, 81-1/4.
India Rupeo Paper
Bombay, Mar. 8 (Reuter).
Govt. 31% Rupec, 91-12-0.
HONG KONG STOCK & 8'hal Bank (Col.
EXCHANGE
March 8." Nothing of any note took place
during the morning.
BUYERS
Union Ins., $417.50.-
Lands 4% Debentures, $97.50. Lights....(OM), $6.15.- SELLERS
Docks (Old) $17.00. Hotels, $3.40:
Trams, $18.75. Lights (Old), $8.25. SALES Lights (Old), $6.20.
hal-N'King Rly. 5%...
14
(Brit. Stpd)
12
Tientsin-Pukow Rly. 5%.
(German Stpd.) ..... Tientsin-Pukow Rly, 5%
(Brit. Stpd. Supl Loan) 12 Tientsin-Pukow Rly. 5% (Ger. Stpd, Supl, Loan)
སའ་
12
for spot, probably against smelter sales to consumers.
12
Jap. 6% Ster. Loan, 1824 231-26 Ger, 7% Intl Loan, 1924 51 Chartered Bank............ H.K. & S'hal Bank (Idn.
Reg.)
##
SILVER MARKET
BOMBAY SILVER Bombay, Mar. 8. (Reuter). Market-Quiet but steady. Off- take 50 bars.
TO-
Indian Mint Silver
75
Ready
63-01
Mar, 24, Settlement
Peg)
April 22 Settlement
62-14. 62-14
Camese Eng, & Mining
(bearer)
17/-
Chosen Corporation Mercantile Bank of In- ̈
día, 25, "Q"
4/-
Dunlop Rubber
a1/101
11-1/8
Bristol Aeroplane
10/43
Pekin Syndicate
1/6
Imperial Chemical Ind. 29/7)
S'hai Elec. Conitr. Co.
12/6
United Steel -
20/9
S'hai Waterworks "A"
Union Insurance
12 24
Woolworths
49/7+
Maramar. Investments ...
0/6
Gula Kalumpong Rubber 15/9 .. |Lon., Mid, & Scot, Rly. 117. Great Western Rly. 31+ National Bank of India 321 B.-A, Tob. (bearer)
Western Holdings
9/3
Bub-Nigel
145/-
shell Tranı. & Trad
(beszer)
43/0
87/6
•mbid
The British and Chinese thorities are also holding conver- sations about Britain's £5,000,000 export credit to China, the im- plementation of which has been delayed by,
Firstly, the desire" to link the credit with the Tripartite Stabili- sation Agreement and,
Secondly, the British stipulation: that the funds can only be used for Chinese purchases in the ster- ling area which cannot, at pre- sent, easily spare war materials for China's needs.
LONDON METALS
EXCHANGE
London, Mar. 7 (Reuter).
Standard, Cash, Middle
Tin, Standard, 3 months, Middle f Price, £288-3/8.
Market steady on fair demand
Inter. Paper & Power Int. Tel. & Tel. Johnsmman
Kentrecott Copper Libbey-Owens-Ford Lockheed aircraft
1940/41
́DOW JONES AVERAGE"
High Low Dow Jones Averages 165.80 111.84 30 Industrials
32.87 22.16 20 Raila 26.43 18.03 20 93.19 83.08 40 64.07 48.47'11
Mar. 8, 1941. High Low Close 121.87 121,30 121.47 27.28 27.78 27.83
.12 off
business undertaken. Hongkong, 26th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain ed on application.
For the HovaKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
HEAD OFFICE: .
19, PINE STREET.
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
SAFE DEPOSIT BOXES
This Bank is entirely owned by..
THE CHASE NATIONAL BAnk, NEW YORK, with Resources of over U.S.83,800,000,000..
D, L. BALLANTYNE,
•
Manager,
A kobz
WANT ADS
INDO-CHINA
BANK OF EAST ASIA, LIMITED
5,598,800,00
Authorised -Capital.....$10,000,000.00 Paid-Up Capital ......... Reserve and Undivided
Profits
.2,283,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director.
HON. SIE SHOUSON Chow, Chairman Li Koon Chan, Esq. Li Lan Bang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tum Tong, Esq. Fung Ping Wah Esq. Chan Ching Shok, Req.
KAN TONG Po, Esq., Chief Manager HON. MR. LI THE FONG, Manager
Branches and Agencies:
Amoy
Batavia
Kowloos Penang London
Kelbodena
Hangren
Singapore Bonrabaya Bwatow
BA Fran- Sydney
giaco Tintain
Vancouver
New York Beattie
Bemarang
Pelplax Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE EXPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
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.com
Oparating Services for Cargo and Passengera
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OŞAKA
SINGAPORE, PENANG and CALCUTTA,
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Condassion "at Shanghai, where passengers and cargo are lauded.
For further particulära
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONEDZOZIK GENERAL MANAGERS
(BRANCHES ALL OVER CHINA) Owing to our numerous Branches 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'8 £OAD, O. South China Office:
CANTON
SWATOW
|SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Pubire Funds of the Chinese Government both at Home and Abroad..
SHOU J. CHEN.
Manager.
213
TRUSTEE
and
EXECUTOR
ال
Haiphong (Johor) Tientsin
CURRENT ACCOUNTS opened
XIRDAN
NEW YORK PRIPING
(Peking)
"FOBLIGN EXCHANGE and Genera? Ranking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ou 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 interest allowed at rates obtainable on application.
in Local Currency and FIXED DE- POSITS received for one year or The Bank's Head Office in London shorter periods in Local and Other undertakes Executor and Trustee Currencica on terms which will be business, and claims recovery
British Income Tax overpaid, on
of
SAFE DEPOSIT BOXES of terms which may be ascerta aed at any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
CIBU COLOMBO DELHI
MANILA
4
TONGEAK
(Boutet)
TRINGTAL
HAIPHONG MAMBURG HANKOW
YOKOHAMA
61
01*
181
34
61
61
171*
9
35
354
307
41
6
10
651
78
THE CHASE BANK
38+
13
13, QUEEN'S ROAD, CENTRAL
1/
02
81
231*
211
901
58*
57+
Interest Rates on Application,
271
→
Bombay Maria
Calcutta
Haiphong
Hankow
Mumotala
Kour
Saigon
Bagaska
Party
21*
941*
27}
*
Change
קנן 46,