NEW YORK, Mar. 15, 1941.
Prev. Today's High Low
Close Close 10.90 10:81 10,83 10.81 22.48 22.48 22.41 22.48 878 861 861 87 $3 623 623 83 13.99 13.70 13.66b -13,97
Change .02 off
t up 1 up .31 up
STOCKS
Adam, Express
Close
Opening.
Closing
Change
On Singapore:-
On demand
On Japan
435
V
May
52 3/4
July
October...
Alleghany, Steel 00."
10.83/85
10.88/88
10.81/83-
.02 'off
Allis Chalmers
10.84/84
10.87/87
10.82/83
.02 of
Aluminium Ltd,
10,74/76
10.30/79
10.77/77
03 "up
Amer. Canı
On demand
On India:-
Telegraphic
Transfer.
Spot
and demand
82 1/2
103 1/2 December.
January
Total sales Friday:203.900 bales.
10.72/72
10.75/75..
10.75/75
03 up
American Cyanamid B.
10.71 N
10.73/73
10.74/74
"1,03 up
10.10
11.14
.04 up
Amer. & Foreign Power... Amer & Foreign $7 pt.
Amer. Locomotive .....
On New York:---
Amer. Metals Co,
On Batavia--
+
On demand
45 1/4.
On Paris:-
Bank Bills, on demand Nom. Credits 4 months sight Nom.
On Balgon:-
Bank Bilis, on demand 24 1/9 Credlis, 60 days sight 24 7/8
July (New contract) September ( December
Total sales for the day:-40 tons.
CHICAGO WHEAT
NEW YORK RUBBER. May
Amer. Radiator
2241/41
22.35b/50a
22.48/48
.07 up
Amer. Rolling Mill
21.90/93
21,80b/92a
21.95/95
.05 up
Amer. Sting and R'ing Co.
}
21,40/40
21.44/45 21.15 N 21,006/200
21,45 N
.05 up
Amer. Sugar Refining
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MARCH 15, 1941.
On London:-
Telegraphic Transfer. 1/8 7/8 Bank Buils, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai:-"
On demand
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
New York Cotton, May "New York Rubber, May
Chicago, Wheat, May Chicago Corn, May New York Eldes, June
NEW YORK COTTON
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
MARCH 16, 1941,
MONDAY, MARCH 17, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION “
Authorised Capital....... 850,000,000
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1850
Reserve Funds:
Hon. Mr. S. H. Dodwell, -
G. Miskia, Esq.,
K. 8. Morrison, Esq., Hon. Mr. T. E. Pearce,
£3,000,000 HEAD OFFICE: LONDON:
38, Bishopagate E.0.2.
Sub-Agenoles In London: 117/122, Leadenhall Street, E.Ca West End Branch:
14/18, Cookspur Street, 8. W
Manchester Branch: 59, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES
ALOE STAR AMRITOAR BANGKOK BATAVIA
BONG KONG PINANG ILOILO
IPOX
INDIA, AUSTRALIA AND CHINA
Charger,
Sterling
Last Sale
STOCKS
Last Sale
Propriators
$90,000,000
£8,500,000 Paid-Up Capita! ....₤3,000,000 B.E. Currency Reserve $10,000,000 Reserve Fund
$9,000,00 Reserve Liability of
Reserva Lisbility of Pro-
prietors
Mar. 15.
Mar, 15.
51.
Loew's Inc.
Head Office:-EQNG KONG
337.
221
Loft Incorporated
181
29
Mack Truck Inc.
281
741
Martin, Glen L.....
Board of Directors: Hon. Mr. J. J. Paterson,
231
86+
McKesson & Robbins, pfd. 253*
444
334
W. H. Lock, Esq.,
Montgomery Ward
374
13/16t
M'tain City Copper Co.
3+
Chairman.
Deputy Chairman.
161
National Aviation.
J. E. Bousfeld, Esq.,
...13*
Nat, Dairy Producta
137
A. H. Compton, Esq.,
18
"
L.. J. Davies, Esq.,
National Distillers
211
61
National Lead .......
167
BANGOON-
134
Nat. Power & Light
49
BAIGON
101
National Supply Corp.
51
KARACHI
BEREMBAN
18+
BOMBAY
New York Central
CHANGEA
-127
21.20 N
כנן 05.
Amer. Tel & Tel.
1817
| Niagara Hudson Power ...
21
Amer. Tobacco "B"
681
Hon. Mr. A. L. Shields, Sir Vandeleur M. Graybarn,
KLANG
CALOUTTA
SINGAPOR
N. American Aviation
15
Amer, Waterworks
54
North American Co.
154
Chief Manager FELIS PLACE
AGENCIES: CLAVE STREET
коет
SETIAWAN
KUALA
BOU KAMATA
LUMPUR
Anaconda Copper
24-1
Northern Paolic
6
Branches:
On demand
104 1/2 May
On Manila:-
July
On demand
48 1/4
September
80/861 887/881 821/821 824/831 82/93
87/871
7 up
Atchison, T. & 8. Fe.
24.
Owens-Illinois Glass Co. ...
44
831/84 841/842
1 up
Aviation Corp.
31
Amoy
Johore
Pacific Gas & Elec
27
1 up
Baldwin Lecometive
157
Bangkok
Kobe
Packard Motorn
21
Batavia
On Bangkok
Baltimore & Ohio
Kowloon
Rangoon Saigou S&D
Friday's sales:-5,583,000 bushels.
149 1/2
+
Now.
43 1/9
May
July
Silver advices reported the market May
May
34.3/4..for Spot,
The London-New
Judy
On demand
On Sterling Notes:- "
Bank Buying Rate
Bar Silver per of
Market Report
FROM, KOZÀ” BROS.
March 15.
The price for Ready Sliver rose
Total sales for the day:-130 contracts..
1/16 to 23.1/2 but the Forward NEW YORK COCOA rate" was unchanged at 23.7/16.
as being steady with no business. NEW YORK SUGAR NO. 3 American Silver was quoted at
York cross- rate was quoted at 402,1/2. New
York-London was quoted at 403-NEW YORK SUGAR NO, 4
CHICAGO CORN
Barber Asphalt Co. Jarrisdall Ol
91,
Pan-American Airways
13
Bombay
Kusla
81*
Paramount Pictures
11
Calcutt
Lumpur Shanghai
Pennsylvania R.R.
September..
821/621 623/621 623/622 022/623 623/623
Bendix Aria Hon
234
Canton
London
351
63/63. 621/631
i up
Bethlehem Steel
Phillips Petroleum
38
Chefoo
Lyona
Singapore Sourabaya
79)
Public Service of NJ,
·251
Colomb
Malacca Sungei
631/831
ap
Bliss & Co........
161
Pullman Inc......
241
Dairen
Manila
soeing Airplane Co.
164
Foochine
NEW YORK HIDES June
Pure Onl
72
Borg-Warner
184
| Radio Corpn. of Am.
4+
Haiphon
September
13,66b/718 13.70/70 13,75/75
13.97/99
.31 Up
Briggs Mig.
Bankow
13.74/741
14.00/00
25. up
Budd M'facturing Corp.
:37
Reading Company,
Com
14**
Harbin
די
Canadian Pacific R'way
Remington Arms Co., Inc.
42*
Iloilo
Case, J.I.
Republic Aviation Corp. ...
4.
Ipob
481*
Celanese
231
Republic Steel
10+
7.07 N
..7.10b/12a.
7.18 N
Chesapeake & Ohlo
30%
Revere Corp.
.11 up
Reynold. Tobas, ““B”-
311
Chrysler Corpn.
877
Safeway Stores
394
Columbia Gas & Elec.
41
2.35b/35a
2.39b/49R
2.35b/36& 2.38b/39a
unch.
Commercial Credit Co.
30
Schenley Distillers
91*
.01 of
Com, & Bouthern (Ord.)
11/16
Bears Roebuck
73
Shell Union Of
112...
quoted of application,
Consolidated Edison
217
Volume of business done:-263 lots
Consolidated 011
54
Socony-Vacuni Of
B1
SAFE DEPOSIT BOXES
Continental Can
37*
Bouthern Pacific
91
various sizes to let.
1/2.
MARKET
Quiet.
STERLING
May July
.796/.79 ja .83b/.83 a Volume of business done:-209 lots NEW YORK COPPER FUTURES July NY Official Skver NY-London Cross Rate 4.03-1/2
.79b/.818 .84/.84
791b/.80% .84b/.844
.00) up .01 up
Continental Oil
181
Bouthern Rly $4 pfd....**
221
1:
TRUSTEE and
EXECUTOR
Copperweld Steel
143*
Spicer Manufacturing Co.
333*
business undertaken.
Muar,
Francisco HAIPHONG
Patani Swatow
(Jobars) Tientsin Mukden Tokyo
New York Tsingtao Peiping
Yokohama
Penang
HANKOW
MEDAN
FIETSIK
TONGKAM
TSINGTA
NEW YORK, YOKOHAMA PUPING
(Peking)
FOREIGN EXCHANG and General Banking Business transacted.
CURRENT ACCovers opened and FIXED DEPOSIT received for Ope Year or shorter periods in Local os 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 raten obtainable
in Local Currency and FIXED DE-on application. POSITS received for one year" or The Bank's Head Office in London shorter periods in Local and Other undertakes Executor and Trustes Currencies on terms which will be business, and claims recovery of
of
British Income Tax overpaid, on terms which may be ascertained at jany of the Agencies and Branches
W. H. EVANS THOMAS,
Manager.
CANTON CAWNPORN CEBU COLOMBO
TAIPING
KUORING
MADRAS
MANILA
(Bhukot)
DELU!
KAMBURO
Curtiss Wright (C.)
'9?
Standard Brands ....
81
Stand Gas & Mec.
15/16
Curtiss Wright “A”
271
10
Deere & Co.
11.65b/67a 11.62b/70a 11.65b/69a 34-3/4
unch,
Distillers Corpn. Seagrams
unquoted 4.03-1/2
Douglas Aircraft -......
Du Pont de Nemours
Eagle Picher Lead
Eaton Mfg. Co.
Elec. Autolite
Elec. Bond & Share
Elec. Bond & Share $5 pf.
Elce Bond & Share $8 pf.
Canada's
Elec Power & Light #7 pí. - 34 Fintkote
Gen. American Trans.
Gen. Electric
Gen MotorE
Gen. Railway Signal
Gen. Tire & Rubber.
Glidden Co.
Goodrich (B.T.)
2
1041 101-9/16
Janton-K'loon Rly. $%
11
Chinese 41% Gold Lean
1898 (Brit. Issue+ Chinase 5% Gold Bonds.
1925/41
42
40-44
45
"
Goodyear Tire & Co.
Great Northern Iron Ore
Great Northern Rly, pfd,
Great Western Sugar
Greyhound. Corpn.
Hercules Powder Co.
Homestake Mining
Int Nickel
Inter. Paper & Power
བྷ་ཚ
Int. Tel, & Tel.
Johnsman
Kerurecott Copper Libbey-Owens-Ford Glas Lockheed Aircraft
There were sellers at 1/3 up to June, buyers at 1/3,1/32 for any delivery.
U. S. DOLLARS
A small business way done at 24.9/18 for near and forward. The market closed with sellers at 24.1/2 up to May, buyers at 24.9/16 for any delivery up to May.
SHANGHAI DOLLARS
Opened with sellers. at 446.1/2 with business done at 448 and
448.1/2, Later business was done! at 450 and also 450.1/2. The mar Ket closed with geilers at 451.1/2. buyers probably at 452.1/2,
SHANGHAI MARKET
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London March 14.
INDIAN FARMERS
The extent to which
Indians are engaged in agriculture
The Brea
The following quotations are the is indicated in a recent report on middle prices at the close of the crops and live stock on Indian Re- market in London. All quotations serves in 1940. are subject to confirmation and no
under cultivation responsibility is assumed for errors totalled 216,495 acres, and the crops sown included wheat, cate barley, rye, peas, beans, buckwheat, mixed grains,
corn for husking, potatoes, turnips, bay and clover and alfalfa,
Opened with sellers of Sterling in transmission. at 3.11/32 and closed easier with
sellers at 3.5/16 for Spot. U.S.War Loan, 3% (Red. Dollars
opened with sellers "at after 1952) 6.15/32 and closed with sellers at Defence Loan, 3% 5.13/32 for Spot.
Shanghai Exchange
"Shanghai, Mar 15 (Reuter).
Sterling
Bellers
Opening Closing 0/3-11/32 0/3-5/18 0/3-11/32 0/3-5/18 0/3-21/64 0/3-18/54.
Market: Uncertain.
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 241 'per cent
Calcana Exchange.
Calcutta Mar. 15 (Reuter). T.T. on Japan, 81-1/4
SILVER MARKET
BOMBAY SILVER Bombay, Mar. 15 (Reuter),
Market--Steady Offtake 100 bars.
Indian Mint Silver
Ready............................
Mar, 24 Settlement
April 22 Settlement
LONDON METALS
EXCHANGE
Chin 44% Anglo French
Loan, 1908
Chinese 5% Crisp Loan.
1912
1
The acreage under pasture' was 36,145, and in fallow, 38,049 Holdings of farm live stock on the ¦reserves were: borses 26,577, milk cows 6.874, other cattle 35,588, sheep 2256, hoga 4,253, hens and chickens 86.825, turkeys 5 929. geese 2,850, and ducks 3,579.
TRANSFORMATION
The transformation of the In- dians from hunters" to farmers has been carried out under the guidance of the Indian Affairs Branch
of the Department of Mines and Resources.
For years the Indians subsister
in moderate comfort upon the harvest that naturë provided, Imainly without human ald, but with the advance of settlement and the depletion of game re sources that followed. in its wake. the Indians in settled areas were
faced with the necessity of adopt-
inig white men's pursuits in order i
to support themselves.
Their success in the field
Goodrich $5 pf.
1940/41
High
DOW JONES. AVERAGE.
Mar. 18, 1941. Mar. 14, High Low Close
128.75,
28.01
123.64 172.63 123.40
28.10 98.02 2009
Change .83 up of up
19.65
18.80 19.65 19.74
.09 up
00.82 61.13
90.95 61.50
.12 up .37 up
WANT
Low Dow Jones Averages. 162.80 111.84 30 Industrials
32.67 22.15 20 Rails 26.45 18.03 20
"Utilities 92.19 83.06 40
Bonda 84.07 48.74 11 Commodity Index
Business Done: 270,000 shares ADS
INDO-CHINA
agriculture has been due largely STEAM NAVIGATION COMPANY LTD
to education and the response of
the Indians to the efforts put forth
Spot
Mar. Apr.
U.S. Dolaza
Spot
Mar
$5-15/32 $5-13/32
5-15/32
Apr.
5-7/16
5-13/32 5-13/32
Chinese 5% Reorg. Loan.
1913 (Lan. Is.) Chinese 8% Ster. Notes.
1925 (Vickers) Chin. Imperial Rly. 5%%%
Lean... Honan Ely, 5% Bukuang Rly 5%. 1911...
(LP. N/Y Issue Buknang Rly. 5%, 1911
31
8-10
14
14
German Issue)........ 12 Lung Tsing & U Hal
Rly. 5% 1919 8'hai-N'King Rly. 5%. Tientain-Pukow Rly. 5%
(Brit. Btpd.) Tientsin-Pukow Rly. 5% (Gerinan Stpd.) ......... Tientsin-Pukow Ry. 5% Brit. Stpd, Bupl," Loan) {Tientsin-Pukow Rly. 5%%
Ger. Stpd. Supl, Loan), Jap, 8% Ster, Loan, 1924 22-251
12
14
12
12
N
12
12
Ger, 1%. Intl. Loan, 1924 51⁄2 Chartered Bank
Bj.
H.K. & Shai Bank (Lân.
63-03
Reg.)
75
83-04
63-05
☎K, & Shaí-Bank (Cil
Peg)
77
Chinese Eng. -&-Mining"
-(bearer)
·17/-
Chosen Corporation
4/-
Mercantile Bank of In-
dia. £5, "G"
Londen, Mo 14 (Reuter)
Pekin Byndicate
113 1/6
Price,
Standard, Cash, Middle 269-1/2.
B'hat Elec, Constr. Co.... 12/6 S'hat Waterworks "A"
1141
Ting Standard, 3 months, Middle Union Insurance Price, 2287-5/8.
24 Gula Kalumpang Rubber 15/0 Market steady, with sellers. re- |Lon., 'Mid, "& Scot., Rly, 121 served. American buyers bought Great Western Rly. moderately overnight. After hours, National Bank of Intia 314 the market was more active with B-A. Tob (bearer) sales of 115 tons. Three months Danlop Rubber were sold at £267-3/4.
Imperial Chemical Ind. 28/10) United Steel
20/71
Woolworths
48/-
321
Margman Investments .. Western Holdings
8/6
8/9
Bub-Nigel
in
142/8
86/3
bell
* Trad.
31/9
Bristol Aeroplane
10/11
(bearer) bid
42/6
ન
Tim.
to make them" independent ano Operating Services for Cargo sad. Passengers self-supporting.
}!
The output of the Cañadian brewing industry in 1930 had a aelling value at the factory of $60,153,665 compared with $57,875,- 450 in the preceding year. Sales tax and other taxes and
dutter paid to the Dominion and Provin. cial Governments totalled $16,520,- 323 as against $15.496.597 in 1934
Trans
TO-
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 to
JARDINE MATHESON&Co.I MATELEPHONE SOJIL• GENERAL MANAGERS
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (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'S ROAD, C. South China Officci.
CANTON
SWATOW
KONGMOON TOISHAN
SHIUCHOWKINGOHOW
We also handle the issue of Bonds. and other Public Funds of the Chinese Government both at Home and Abroad.
SHOUOHEN,"
Manager
201
Standard Oll of Californis
18‡
Standard Ou of N.J......
351
73+
Btone & Webster
61
1451
Studebaker Com
63
9*
Swift International
181
9+
33*
Technicolor
304
Texas Corpn.
351
38
Texes Gulf Sulphur
354
55
Timken-Axle
634
Trans-America Co.
20th Cent. Fox.
133
Union Bag & Paper Corp.
51
Union Carbide & Carbon
67
331
Union Pacific
43+
United Aircraft
39.
133*
United Airlines Trans .....
134
114*
United Corpn,
11
141
United Corpn. $3 cum pi.
251
131
United Gas Corpn.
62*
United Gas Improvement
81
18
US, Industrual Alcohol, ...
24*
148*
US. Rubber
221
25+
US. Rubber 38 pid.
911
251
US. Smelting
57
113
U.S. Steel....
581
72}
Vanadium
271
462
Vultee Aircraft
21
Walworth Co.
54
137
Warner Bros. Pict
21
Westinghouse Elec,
951
59)
Woodward Iron Cor.......
334
Chase National Bank
་
344 24*
| National City Bank
Libby, Monell & Libby
54
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 ad on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
THE CHASE BANK··
15, QUEEN'S ROAD, CENTRAL·
HEAD OFFICE:
18, PINE STRKET.
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
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.$3,800,000,000.
D. L. BALLANTYNE,
Manager,
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000,00 Paid-Up Capital Reserve and Undivided
Profits
5,588,600,00
.............................2,933,281.00
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director. HON. SIB SHOUBON CHow, Chairman Li Koca Chen, Esq. Li Lan Sang, Baq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tang, Esq. Fung Ping Wah Esq. Chan Ching Shek, Esq.
KAN TONG PO, Esq., Chief Manager. Hox. Ma. Li Tax Foxo, Manager
Branches and Agencies:
λέπου
Вінарого Hanroon Boursbays
Swastow
Halboorte Bas Fran- Bydney
Helping
Every description of Banking and Exchange business transacted. Lonni 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.
SAP ERPOSIT Boxes To Lax.
KAN TONG PO,
Chief Manager.
4
יד
مواله ای مان
Howloos
Bateria
Loudon
Bombay
Manjis -Haigon
Dalgatta
Haiphong
Nagsaka
Hason
New York seattle
caco Tinokis
VABORTUS
Monelalu
Paris
Bemarang Shangha
Prasaz