NEW YORK, March 8, 1941......
High Low 10.55 10.49 21.20 85
Prev... Today's
Change Close Close 10.49 10.50 .01 up 21.05 21.30 21,15b 15 of
841 831 851
17 up
}}
62
611 613 617
up
13.78
13.75 13.72 13.77
.02 Off
Adams Express
Close
Opening
Closing
Change
Alleghany Steel Co.
PAGE 10-HONGKONG_DAILY" PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS MARCH 10, 1941
On London:
Telegraphic
Transfer."/>
Bank Bills, on demand 1/2 7/8 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
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
MARCH 9, 1941,
TUESDAY, MARCH 11,
1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Ospital... $50,000,000 |",
INDIA, AUSTRALIA AND CHINA
Last Sale
STOCKS.
Last Sale
$90,000,000
£6,500,000 aid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund
Reserve Liability of Pro- Reserve Liability of
prietors Proprietors
Issued,& Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1850
Reserve Funds: Sterling
‚£3,000,000 £3,000,00%
£3,000,000
Mar. 8
Mar. B..
Loew's Inc.
314
211
On demand
On demand
435
March ..
On Singapore:-
32 3/4
May
July
On Japan:-
October
On demand
... 162 1/2
December
Transfer.
Loft Incorperated
18
"
10.50/50
10.50/51
10.53/53
.03 up
Allis Chalmers
291
Mack Truck Inc.
27;
10.49/49
10.50/52
10.50/51
.01 up
Aluminium Ltd. .....
73"
Board of Directora Hon. Mr. J. J. Paterson,
Martin, Glen L
10.41/42
10.42/42
10.45/46
,04 up
Amer. Can
241*
10.21/21
10.28/28
10.31/31
.10. up
McKesson & Robbins, pf4. 25)
American Cyanamid B.
331
W. H. Lock, Esq.,
On India:-
Telegrapric
and demand
On New York:-
January
terse 1/2 Spot...
Bank Bills, on demand 34 1/8
Crediis, 60 days' sight 24 7/8
On Batavia:-.
Total Sales Friday:-203.400 bales...
The last notice day for March Cotton is 14/8/41. NEW YORK RUBBER
10.18/19
10,27/26
10.27/27
.C9
קטן
10.16 N
10.25/25
10.25 N
.00 up
10.87
10.83
קנר 01.
Amer. & Foreign Power... Amer Amer. Locomotive
03/16
Montgomery Ward
Mtain City Copper Co.
Chairman.
Deputy Chairman,
& Foreign $7 pf.
171
J. K. Bousfield, Esq.,
National Aviation
83*
13
A. H. Compton, Esq.,
Nat. Dairy Products
131
Amer. Metals Co.
171
L. J. Davies, Esq.
A
Amer. Radiator
.81
Amer. Rolling. Mill
14)
National Distillers
National Lead .....
Nat, Power & Light
21
16*
Hon. Mr. S. H. Dodwell, G.. Miskin, Esq.,
Head Office:-HONG KONG"
HEAD OFFICE: LONDON: 38. Bishopsgate E.0.8. Sub-Agencies In Lendon: 117/122, Leadenhall Street, E.C.
West End Branch:' 14/18, Cockspur Street, 8.W1 "
Manchester Branch: 52, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES-
ALOR STAH AMRITSAR
HONG KONG PENANG ILOILO
RANGOON
7
가
Amer. Sting and Ring Co.
40)
"
National Supply Corp.
51*"
On demand
48 1/4
Da Paris:
Bank Bilis, on demand Nom. Credits 4 months' sight Nom.
MAY July New contract)... September {
21.30/30
21,20/20
21.15b/18à
15 off
Amer Sugar Refining
131
New York Central
121
K. S. Marrison, Esq., Hon Mr. T. E. Pearce,
Hon. Mr. A. L. Shields,
BOMBAY
BANGKOK
BATAVIA
IPOE TABACH!
BAIGON
SEREMBAN
SHANGHAI
KLANG
20.70/717
20.60/61
20.60/62
.10 off
CALOUTTA
SINGAPORE
Amer. Tel & Tel
1614
20.30/30
20.16b/25a
20.15b/18a
.15 off
Niagara Hudson Power
23
Amer. Tobacco "B"
681
Sir Vandeleur M. Grayburn,
AGENCIES:
N. American Aviation
141
December
20.00/00 20.10 N
19.95 N
.15 off
Amer, Waterworks
57
Obiaf Hanager. FAILI PLACK
БОВТ CLIFE STREET KUALA
SITIAWAN
SOUBABAYA
North American 'Co...
15%
LUMPUR
TAIPING
On Salgon:-
On demand
........ 104 1/2
Total sales for the days:-240 tons. CHICAGO WHEAT
Anaconda Copper
241
Northern Pacific
51
Branches:
Atchison, & & Fe.
231
Owens-Illinois Glass Co. "
Aviation Corp.
34
Amoy
Johore Bangoon
On Manila:-
On demand
*..... 48 1/4
May July
837/831
83/832
851/851
12 up
Pacific Gas & Elec
260
Baldwin Lecometive
143
Bangkok
Kobe
Saixon
797/80
80/80
On Bangkok:-
On demand
....... 119 1/2 September
793/80-
8217821 821/822
2] up
Baltimore & Ohio
48
Packard Motors
23
Batavia
Kowinan San
28 up
Pan-American" Airways
123
Bombay
Kuala
Francisco
Barber Asphalt Co.
91*
Paramount Pictures
111
Calcutta
Lumpur Shanghai
On Sterling Notes:-
Friday's sales:-14,950,000 bushels.
Barnsdall 00
8
Pennsylvania R.R
23}
Садтод
London
Bank Buying Rate
·For Hiver per oz.
Nom. 93 3/8
CHICAGO CORN
Bendix Aviation
36
Bethlehem Steel
781
Phillips Petroleum
36
Chefoo
Lyons
May
611/612
613/611
611/62
up
July
Silver prices were
tions
May
Market Report
FROM ROZA BROS.
Monday, Mar. 10.
unchanged September
over the week-end, the quota-
Total sales for the day: 41 contracts
remaining at 23.3 10 NEW YORK COCOA Ready and 23.8/18 for Forward
Americar. Blyer was unquoted.
The London-New York cross-NEW YORK SUGAR NO. 3 rate was quoted at 402.1/2. New May York-London was quoted at 403-July 1/2.
611/611
81/614
62/62
September
61/61
611/813
9.99
Public Service of N.J.
261*
Colombo
Malacca
Bliss & Co.
161
Pullman In...
24
Dairen
Manila
Boeing Airplane Ca
16
Foochow
up
Pure Of
74
Borg-Warner
181
Radio Corpn. of Am......
41
NEW YORK HIDES
June
Briggs Mig.
22
Backor
Reading Company,
Com
14
Barbin
***** 13.77/79
13.78/79
13.78b/891 13.70b/84a
13.75/75 13.77/77
.0% off
Budd facturing Corp.
4
.01 off
Canadian Pacific Ṛ'way
31*
Remington Artas Co., Inc.
44
Iloilo
6.77 N
S.
6.80/80
6.73 N
.04 off
Case, JI
Celanese......
Chesapeake & Ohio
Chrysler Corpp.
471
Republic Aviation Corp....
4
Ipoh
"
Penang
วร
231
Republic Steal
19
Revere Corp.
83
391
66!
Reynold Tobac. "B"
32
Bafeway Stores
38+*
Columbia Gas & Elec.
4
*2,29b/30a 2.33b/342
2.30b/31a 2.346/354
:01 up
Commercial Credit Co. Com. & Southern (Ord.)
31
Schenley Distillers
91
.011/16 Sears Roebuck
73
Shell Union Oil
114
quoted on application.
Consolidated Edison
213
MARKET
Quiet.
STERLING
Volume of business done:-310 lots NEW YORK SUGAR NO. 4
May July
Consolidated Of
51
Bocony-Vacunun Of
81
various sizes to let.
Continental Can
351
Southern Pacific
9
TRUSTEE and
+
.75b/751a .74b/.788 78b/9a78b/.794 Volume of business done:-144 lots. NEW YORK COPPER FUTURES
July
.74b/.7412 781b/,791
11.89b/983 11.91b/94a unquoted. 4.03-1/2
No business was reported. There were sellers at 1/3 up to June, at 1/3.1/32 for any de- buyers livery.
U. S. DOLLARS
A small business was reported at 24.9/16 for forward delivery. Thel market closed at 1 pm with sell- ers at 24.1/2 for near and forward, buyers at 24.9/16 "for probably May.
Cash and
SHANGHAI DOLLARS Business..was arranged at 442.
441.1/2) -442.1/2 and then later at
and towards the close 443
with market closed done. The sellers at 443, buyers at 443.1/4 for Cash
rose
SHANGHAI MARKET Sterling opened with sellers at 3.3/8 and then
to 3.25/64 At the close the market receded US. again to 3.3/8 for Spot.
seillers at Dollars, opened with 5.1/2 and then steadied to 5.17/32.. At the close the selling rate was again lower at 5.1/2 for. Syot.
AFTERNOON MARKET
Stagnant.
STERLING
No business was done. The mar- ket closed with sellers at 1/3 üp
to June, buyers at 1/3.1/32
any delivery.
U. S, DOLLARS
Quiet. The market closed sellers at 24.1/2 for near forward, buyers
fur Casp.
11.92/92" 34-3/4
N.Y. Official Silver NY-London Cross Rate 4.83-1/2
LONDON STOCK
EXCHANGE
(REUTER'S "SERVICE}
London, Mar. 1, The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
J
War Loan, 31% (Red
after 1962) Defence Loan, 3% ... Janton-K'loon Rly. 5% Chinese 41% Gold Lean
1898 (Brit. Issue) Chinese 5% Gold Bonds.
1925/47
INDIA CALLS IN U.S. DOLLARS
GOVT. TO CONTROL
ALUMINIUM"
NEW DELHI, Mar. 10 (Reuter)- The Raj has issued a notification calling on the owners of United States dollar securities
month surrender them within a from March 10 to the Reserve
Bank, which will make payment: when it is satisfied that the se- an ac- curities delivered are in ceptable form,
such received Dividends
on securities after March 10 will be the property of the Raj..
The Raj last July ordered the holders of dollar securities to supply particulars of their hold- ings to the Reserve Bank,
SALE OF ALUMINIUM The Raj has also, assumed con- trol of the sale and use in manu-
of facture of the existing stocks unmanufactured and semi-manu- factured aluminium in order to ensure that they are utilised to the best advantage.
Holders of stocks are required to submit returns by March 31.
It will be recalled that alumi- nium was subjected to import control last January in order
the demand
to
Elec. Autolite
Gen Motors
Kennecatt Copper Libbey-Owens-Ford Lockheed Aircraft
1940/41
DOW JONES AVERAGE -
High Low Dow Jones Averages 152.80 111.84 30 Industriala
Rails Utilitics" Boods
32.67 22.16 20 26.45 18.03 20 52.19 83.06 40
04.07 48.47 71
£
104-1/4
101 11
42
40-44
Chin. 41% Anglo-French
Loan, 1908
45
Chinese 5% Crisp Loan,
1912
24
for
Chinese 5% Rearg, Loan,
1913 Lán. Is.)
31
Chinese 8% Ster. Notes.
1925 (Vickera)
8-10
with
chin. Imperial Rly. 5%
and
Loan
47
at 24.0/16 for
tonan Rly. 5%
14
Cash and probably May.
Hukuang Rly 6%, 1911...
SHANGHAI DOLLARS Closed with sellers
4LP. N/Y Issper
14
at 441.3/4 Hukuang Rly. 5%, 1911
German Issue).
12
SHANGHAI MARKET Sellers of Sterling at 3.3/8 for Spot and U.8.5. at 5.1/2 for Spot.
Lung Tsing & U
Hai
Rly. 5% 1913
12
S'hal-N'King Rly. 5%
14
reduce pressure on
Shanghai Exchange Tientsin-Pukow Ply. 45%
Shanghal, Mar. 10 (Reuter).
Official T.T. Bates
Tentsin-Pukow Rły. 5%
(Brit. Stpd.)
on the world's supplies.
12
(German Stpd.) Tientsin-Pukow "Ely. 5% (Brit. Stpd. Supl, Loan)
12
12
Opening
Tientsin-Pukow Rly. 5%
London
New York
Jupan
India
Parls Hongkong
073-5/8 59378
22-3/4
(Ger. Stpd. Supl. Loan) Jap. 6% Ster. Loan, 1924 231-26 Ger 7% Intl. Loan, 1924.51
12
18-3/8 nominal
Chartered Bank
ន
! Sterling
22
HK. & Shal Bank (Ldn.
Reg.)
*5
HK. Banks.......... China Lights (0) *500 China Rts.
1 $1,345.00
TO
6.20
126
0.70
HK. & Bhai Bank (Col
Cementa
500
18.90
Peg)
77
China Providents 500
5.75
Gellers
Opening Closing
Chinese Eng. & Mining
(bearer)
100
5.75
17/-
Spot
079-3/8
0/3-25/64 Chosen Corporation
H.K. Hotels
*3,000
3,30
4/-
Mar.
0/3-3/8 073-25/04
A.S. Watsons
500
10.70
Mercantile Bank of In-
Apr.
0/3-23/64 0/3-3/8
dla, £5, "G"
11-1/8
3,227
U.S. Dollars
Pekin Byndicate
1/6
Spot Mar. Apru
$5-1/2
$5-17/32
18'hal Elec, Constr. Co.
.12/6
5-1/2
5-15/32
6-17/32 5-17/32
8'hal Waterworks “A”'
12
Bales on Saturday, March 8. The total value is $25,083.20.
Union Insurance
24
Market: Quiet but steady.
Gula Kainmpong Rubber 15/9
United Steel
20/9
Silver Duty Rate
Lon, Mia & Scot Ely. 117 Great Western Riy
Woolworths
49/72
314
Maraman Investments.
6/8
The Central Bank of China's National Bank of India 324
87/6. rate on London at 10 a.m. today B-A. Tob (beaper)
Shell 31/10 was 1/2-1/20.
10/43
per cent.
The Equalisation rate was 24 Bristol Aeroplane
Imperial Chemical Ind. 29/7
Western Holdings
9/3
Enb-Nigel
145/-
Dunlop Rubber
TTBZ (bearer), --
-bla
Trad.
43/9
Mar. 7.
131.68
27.89
19.41
Mar. 9, 1941. High Low Close 121.07 121.30 121.47 27.88 27.78 27.83 19.48 19.41
Change
.00 of
19.43
02 up"
90.63
20.58
,00 off.
Commodity Tadex
59.11
39.58
.45 up
Business Done:-150,000 shares
01 off unch.
Continental Oi
18
Southern Rly $5 pfd.
217
Copperweld Steel
144
Spicer Manufacturing Co. 33*
business undertaken.
Standard Brands
19
Ourtiss Wright (C)
84
Curtiss-Wright "A"
27
Stand Gas & Elec. g
07*
Deere & Co.
21
Standard Of of California
181
.01 off
Distillers Corpn. Seagrams
162
Standard Of of N.J.
344
*ΚΑΙ
Singapore Sourabaya Sungei
Pataui Hi Swator
Haiphong (Johor) Tiestain
Mukden Tokyo # New York Tsingtao
Yokohama Peiping
HAIPHONG RAMBURG. HANKOW
MANILA
MIDAN
NEW YORK PIPING
Peking
FOREIGN EXCHANGE and General Barking Business transacted.
QURBENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Loon) 01 Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNrs also opened is Local Currency and Sterling with
CURRENT ACCOUNTS opened interest allowed at rates obtainable io 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.
EXECUTOR
Hongkong, 26th February, 1941.
HONGKONG SAVINGS !
BANK
CANTON CAWNZORI CESO COLOMBO DELAI
KUCHIKA
TIENTBIN
MADEAB
TONGKAR
(Bhuken).
TSINGTAL YOKOHAM
Douglas Aircraft .........
73
Stone & Webster .....
01
Du Pont de Nemours
1441
Studebaker Com
$1
The Business of the above Bank
BANK OF EAST ASIA, LIMITED
Eagle Picher Lead
8*
Swift International
178*
is conducted by the HONGKONG
Technicolor
Eaton Mfg. Co.
Texas Corpn.
Mec, Bond & Share
34
Texes Gulf Sulphur
Elec, Bond & Share $5 pf.
52*
Timken-Axle
Bec. Bond & Share $8 pt.
593*
Trans-America Co.
Elec. Power & Light $7 pf. Flintkote
30
20th Cent. For
133
Union Bag & Paper Corp.
Gen. American Trans.
50
Union Carbide & Carbon
Gen. Electrië
33A
Union Pacific
43.
United Aircraft
Gen. Rallway Signal
131
United Airlines Trans
Gen. Tire & Rubber
111* United Corpn
certain
Glidden Co.
121
United Corpn. $3 cum pf.
tu
Goodrich (B.F.)
121
United Gas Corpn...
Goodrich $5. pt.
61
ས་
United Gas Improvement 8)
61
Goodyear Tire & Co.
18
D.S.. Industrual Alcohol."...
Great Northern Iron Ore ..
147
U.S. Rubber
Great Northern Rly, pfd.
25
U.S. Rubber $8 ptd.
Great Western Sugar Greyhound Corpn.
254
U.S. Smelting
113
U.S.. Steel
Hercules Powder Co.
699*
Vanadium
Homestake Mining
45
Vultee Aircraft
Int Nickel
254
Walworth Co.
Inter. Paper & Power Int. Tel. & Tel Johnsman
14
21
Warner Bros. Pict. Westinghouse Elec,
56+*
Woodward Iron Cor.
33
Glass 35+
232
Chase National Bank National City Bank Libby. Moneill & Libby
HONGKONG
SHAREBROKERS"
ASSOCIATION
Volume of Business Transacted
on Monday, March 10, 1841. SALES
.12 off
PORATION. Rules may be obtain-Authorised Capital......$10,000,000.00
&
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 26th Feb., 1939.
"
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
An American
18, PINE STREET.
# NEW YORK: Bank offering com. plete Foreign Banking Service ia. the principal Markets of the .world..
SAFE DEPOSIT BOXES This Bank is entirely owned by THE CRASE NATIONAL BANK, NEW YORK, with Resources of over U.S.33,800,000,000.
D. L. BALLANTYNE,
A Job
Manager.
WANT ADS
"
INDO-CHINA
Paid-Up Capital Reserve and Undivided.
Profits
..2,983,281.50
Head Office:-HONG KONG. No. 10 Des Voeux Road, Central
Board of Director. HON. SIR SHOUSON CHOW, Chairman Li Koon Chan, Esq.
P. K. Kwok. Esq. Wong Tim Tong, Esq. Chan Ching Skok, Esq.
Fung Ping Wah Esq.
KAN TONG Po, Esq., Chief Manager HON. MR. LI Tex Foxe, Manager
Branches and Agencies:
.."
Kowloon Pennar Hogspora Loudon Bangoon Sonrabay Manila
Babron Swatow Kelbourne Ban Fran- Bydney
cisco Tiantaia
Vancouver
Bemarang Shanghal |
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Loosl Currency and Fixed Deposits re- or shorter ceived for one year periods in Local and Foreign Cur ruacies on terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
LE
STEAM NAVIGATION COMPANY LTD PAID UP CAPITAL $40,000,000.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCITTA
"SANDAKAN
HAIPHONG
All stepmera berth alongside. the Roosevelt Terminal in
the French Concession at
Shanghai, where passengers and cargo are landed.
For further particulara
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE KOJILGENERAL MANAGERS «
(BRANOHER 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 Cliente special facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Officers
CANTON
SWATOW
KONGMOON TOISHAN
SHIUCHOW. KINGOHOW
We also handle the issue of Bondu and other Public Funds of the Chinese Government both at Howar and Abroad.
SHOU J. CHEN.
Manager,
7
& SHANGHAI BANKING COR
35
ed on application.
5,588,600.00
353
302
43
6
105
654
78
381
131
14
Li Lan Sang, Esq.
Wong Cha Son, Esq.
28
01.
"
233*
21+
904
*58*
Amoy
571
Interest Rates on "Application,
Batarin Bombay
Calostita
27}
..
61
Baiphong Backow
Now York Bestila
Horolajc
Parip
Ko
Peining
.'
942*
277