847 14
831 6+ 3 up 13.87 13.75 13.80 13.68b14 off
STOCKS
Adama Express
On demand
On Singapore.
May
On demand
52 3/4
July
On Japan:-
October
On demand
102 1/2-
December
.
On India
Telegraphic
Transfer.
and demand
182 1/2
March Spot
On New York:-
Close 10.78/18
Opening
.10.78/79
Closing 10.79/79
10.74/74
10.75/75
10.75/76
Change
.01 .01 up
Alleghany Steel Co. ......
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE CLOSING QUOTATIONS MARCH 25, 1941.
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months" sight
On Shanghai:-
NEW YORK COMMODITY MARKET {REUTER'S" SERVICE)
NEW YORK, Mar 24, 1941
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May ...... New York Hides, June
NEW YORK COTTON
High........ Low. 10.84 10.78 22.30. 22.30 877 87
Prev, Today's
Close Close Change" 10.78 10.79 01 up 22.45N 22,056 .04 of
87 671
up
NEW YORK STOCK EXCHANGE
QUOTATION (REUTER'S SERVICE)
MARCH 23, 1941.
WEDNESDAY, MARCH 26, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital..... $50,000,000
INDIA, AUSTRALIA
AND CHINA ··
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1830
Reserve Funds: -
Sterling
Last Sale
STOCKS
Last Sale
Proprietor
Mar. 24
Mar, 24
.52
Loew's Inc.
314*
Head Office:-HONG KONG
214
Loft Incorperated
181
קטן
Allis Chalmers ...............
29"
Mack Truck Inc.
27
Aluminium Ltd.
72":
Martin, Glen L
281"
Board of Directors: Hon. Mr. J. J. Paterson,
£8,500,000 Paid-Up Capital .........£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Fund
„£2,000,0Ụ%. Reserve Liability of
Reserve Liability of Pro- $90,000,000
prietora
..£3,000,000 HEAD OFFICE: LONDON: 38, Bishopagate 3.0.2. Sub-Agencies In London: 117/182, Leadenhall Street, E.C.a West End Branch:
10.63/64
10.88/86
10.68/86
.03 up
Amer. Can
85)*
McKesson & Robbins, pfd. 28
10.83 N
10.65/65
10.64 N
.01 up
American Cyanamid B.
33
W. H. Lock, Esq.,
Montgomery Ward
371
January
10,81 N
10.65/65
10.63 N
.02.
10.59 N 11.11
10.62/02
10.61/81 11.09
up 02 up .02 off
On Batavia:—
On Paris:
Bank Bills, an demand 24 1/8 Crediis, 60 days) sight 24 7/8
On demand
J
Bank Bills, on demand Nom. Credits 4 months' sight Now.
On Saigon:-
Total sales Saturday--38,500 bales,
NEW YORK RUBBER May
July (New contract)
:
Amer. & Foreign Power .. Amer & Foreign 7 pí. ... Amer, Locomotive ........................... Amer. Metals Co!ATT
13/18
M'tain City Copper Co.
Chairman.
Deputy Chairman.
161*
National Aviation
J. K. Boushold, Esq.,
8+
13
Nat, Dairy Products
13
171
National Distillers
21
L. J. Davies, Esq.,
A. H. Compton. Esq.
Amer. Radiator
62
Hon. Mr. S. H. Dodwell,
I
National Lead
151
Amer. Rolling Mill
134
G. Miskin, Esq.,
Nat, Power & Light
7+
22.45 N
22.00 N
September ( December (
)
21,50/50
22.40b/60a 21.95/22.00 21.35/35
แ
21,35 N
21.10b/40
22.05b/10a 21.70/70 21.16/15 21.00/00
.40% off
Amer, Sting and Ring Co.
391"
K. 8. Morrison, Esq.,
National Supply Corp.
5}
.30 of
Amer, Sugar Redning......
Hon. Mr. T. E. Pearce,
181
New York Central
124
35 off
Amer. Tel. Tel.....
162
Niagara Hudson Power
... 21
35 off
Amer. Tobacco "B".
881
|N, American Aviation
144
Amer, Waterworks
51
On demand
............... 104 1/2
Total sales for the day:-80 tons.
CHICAGO WHEAT
North American Co.
151
Anaconda Copper
244
Northern Pacine
6
Atchison, T. & 8, Fe.
237
On" Menila:---
Owens-linols Glass Co. **
414
On demand
48 1/4
May
871/87
371/87
871/871
up
Aviation Corp.
3
Amoy
Johore
Pacific Gas & Elec
271
July
841/841
847/347
851/851
up
Baldwin Lecometive
15
Bangkok
Kobe
Packard Motors
21
On Bangkok:
Batavia
J
Kowloon
Rangoon Saigon San
Hon. Mr. A. L. Shields,
Sir Vandaleur M. Grayburn,
Chief Manager.
Branches:
14/18, Cockspur Street, 8.WI Manchester Branch: 53, Mosley Street, Manchester, 1. AGENCIES AND BRANCHES
ALOR STAR
EONA KONG SENANG LLOILO
IPOH
KARACHI KLANG
KON CLAVE STREET KUALA FAIRLIN PLACK
AGENCIES:
CANTON
CAWNPORN
COLOMBO DELU
MANILA
AMRITSAR
BANGKOK
BATAVIA
BOMBAY
BANDOOR
BALGON
BURAKBAN
SHANGHA).
CALOUTTA
SINGAPORE
BITZAWAN
→ SOURABAYA
LUMPUR KUCHING
TAIFING"
TIENSAM
AERO
MADRAS
TONGKAN
(Bhuket)
MEDAN
TSINGTAL
On demand
149 1/9
September
85/85
851/853
up
Baltimore & Ohio
34
Pan-American Airways
12+
Barber Asphalt Co.
9
Bombay
Kuals
Francisco
HAIPRONO
NKW YORK
YOKOHAM
On Sterling Notes:-
"Saturday's sales-8.855,000 bushels,
Paramount Pictures
117
Calcutt
Lumpar Shanghai
Barnsdall Ou
8
Now. 23 1/2
July
Bank Buying Rate
Far Silver per owe
+
Market Report
FROM ROZA BROS.
Tuesday, Mar. 25. Silver prices rose 1/16 yesterday for both deliveries, the quotations being.23.1/2 for both Ready and
Total sales for the day:-59 contracts.
Forward, Silver advices reported NEW YORK. COCOA
American trade as having bought May
to a small extent. Offers were
scarce. The market closed very NEW YORK SUGAR NO, 3 quiet and featureless. American May..
| Pennsylvania RR
24
Canton
London
Singapore
HAMBURG EANTOW
PLIFINO
(Peling)
CHICAGO CORN
Bendix Aviation
35
May ..
637/64 84/64
641/643
Bethlehem "Steel
Phillips Petroleum
33 |
Chotoo
Lyons
Bourabaya
776
up
Public Service of NJ,
25+
Colombo
Malacca
641/64)
642/641
Bliss Co.
15**
September
6440
65/647 85/65
up
Pullman Inc.....
241
Dairen
Manila
Boeing Airplane Co.
151
Foochow
Maar
Sungei
Patani Swatow
up
Pure Ofl
Borg-Warner ....
17**
Radio Corpn. of Am,
NEW YORK HIDES
Briggs Mig.
21
Bankow
Reading Company,
Com
14
Harbin
June September
13.80/85 13.75/80 13.83/85 13.76/78.
13.66b/712 .14 of 13.78/78
Budd M'facturing Corp.
31
.05 off
Canadian Pacific R'way ...
Remington Arms Co., Inc.
41*
Iloilo
કર્યું
Case, J.I......
474
Republic Aviation Corp.
4
Ipoh
Republic Steel:
187
Celanese
223
Chesapeake & Ohlo
39
Revere Corp.
8*
7.07.N
7.02/03
Chrysler Corpın,
641
Reynold Tobac. "B"
307
7.15 N
,08
up
Safeway Stores
38%
Columbia Gas & Elec.
4
Schenley Distillers
94
Commercial Credit Co..
26
Sears Roebuck
71*
Silver was quoted at 343/4 for July Spot
2,43b/442 2,46b/47a
2.53b/53a .09 up 2.54b/55a .08 up
Com, & Southern (Ord.)
Shell Union Of
112
quoted on application,
Consolidated Edison
211
Consolidated Of
Bocony-Vacunum Of
81
51
The London/New York cross-
rate was quoted at 402.1/2. New NEW YORK SUGAR NO. 4 ** York/London was quoted at 403.
Volume of business done:-1,202 lots,
Southern Pacific"
various sizes to let.
Continental Can
360
TRUSTEE and EXECUTOR
Continental of
Southern Rly. $6 pfd.
221
18
business undertakan.
1/2.
May July
MARKET
Quiet.
STERLING
There were "sellers at 1/3 up to
... 314/.85a 8445/.88 .881b/895.884b/.89 Volume of business done:-556 loty.
NEW YORK COPPER FUTURES July
11.72b/.808
Copperweld Steel
142*
Spicer Manufacturing Co. 321*
87b/.88a .91b/.91ja
.02 up 024-up
Standard Brands
61
Curtiss Wright (C.)
9
Stand Gas & Elec.
蓬
Curtiss-Wright *A*
261
Deere & Co.
201
Standard Oil of California
19
Distillers Corpn. Seagrams
103
Standard Oll of N.J.
36
Hongkong, 26th February, 1941.
HONGKONG SAVINGS
BANK
Haiphong (Johora) Tientain
Mukden Tokyo
New York Tsingtao Peiping Yokobama Penang
CURRENT ACCOUNTS `opened
FORK OF EXCHANGE and General Banking Business transacted.
CURRENT - Accounts opened and FIXED DEPOSITE received for. One Year or shorter periods in Local or Other Currencies at rates which will be quoted so application.
SAVIXOS ACCOoms also opened in Local Currency and Sterling wish" 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 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,
31anager.
11
Stone"&Webster
62
BANK OF EAST ASIA,
Douglas Aircraft
723
42
45
1912 Chinese 5% Reorg, Loan, .
1913' (Lán. Is.) Chinese 8% Ster. Notes,
1925 (Vickers) Chin. Imperial Rly. 5%.
Lom Honan Rly, 5% Hukuang Rly 5%, 1911...
24
31
8-10
47
14
14
Hukuang Rly, 6%, 1911
German Issue)
12
Lung Tsing & U
Hal
Rly. 5% 1913
12
London
New York
Japan
shai-N'King Rly. 5%... Tientain-Pukow Rly, 5%
(Brit. Stpd.) Tientsin-Pukow Rly. 3% (German Stp4.). ....................
14
12
May, buyers at 1/3.1/32 for any N.Z. omcial Silver ...... unquoted
NY-Landon Cross Rate 4.03-1/2
Cash,
UI. S. DOLLARS
A small business was reported at 24.1/2 for near delivery. The market closed at 1 p.m. with sell ers at 24.1/2 for near. buyers at 249/16 for: Cash,
· LONDON STOCK
EXCHANGE
(REUTER 8 SERVICE)
London, Mar. 24.
SHANGHAI DOLLARS Opened with sellers at 469 and then receded to 438 Subsequently the market rose to 470.1/2. At the
The following quotations are the close there were sellers at 468.1/2.†
middle prices at the close of the SHANGHAI MARKET
sellers of market in London. All quotations Opened easy with Sterling at 3.11/84 but later react- are subject to confirmation and no ed to 3.7/32. At the close there responsibility is assumed for errors were sellers at 3.13/64 for Spot. in transmission.
US Dollars opened with sellers at 5.1/8. Later the market rose to 5.1/4. Closed with sellers at 5.7/32 for Spot
AFTERNOON MARKET
Quiet.
STERLING
There were sellers at 1/3 up to May, buyers at 1/3.1/32 for Cash.
U. S. DOLLARS
The market closed with sellers
War Loan, 31% (Red,
after 1852)
104-5/16 Defence Loan, 3%.......
101. Canton-K'icon Rly. 5%. 11 Chinese 4% Gold Lan
1898. (Brit. Issue) Chinese 5% Gold Bonds.
1925/4T
****
Chin 44% Anglo-French
Loan, 1908
at 24.1/2 for near, buyers at 24.9/18) Chinese 5% Crisp Loan. for Cash.
SHANGHAI DOLLARS Opened with sellers at 486.1/2 with business dona at 466 and also at 465.1/2. At the close there were selfers at 4841/2, buyers probably at 465,
SHANGHAI MARKET The last rate received reported sellers of Sterling at 3.15/64 for (LP. N/Y Issue "Spot" and US; Dollars at 5.0/32|
for Spot.
Shanghai Exchange
Shanghai, Mar, 25 (Reuter).
Official TT. Rates
SILVER MARKET
LONDON SILVER
London, Mar.. 24. (Reuter). Silver-Very small trade buying. Scarcity of offers. Market steady. In the afternoon, the market was very quiet and featureless, with practically no business
Spot, 23-1/2d. Forward, 23-1/24.
Gen. Motors
Gen. Rallway Signal Gen. Tire & Rubber
11.E0b.24a
11,85b/88a .13 up 34-3/4 4,03-1/2
Du Pont de Nemours
14
Studebaker Com
B1
The Business of the above Bank
. LIMITED
Swift International
-183
Eagle Ficher Lead
81
Eaton Mfg. Co.
Elec. Autolite
Elec. Bond & Share
Elec, Bond & Share $5 pt.
Elec. Band & Share sa pf.
Elec. Power & Light $7 pf. Fiintkote
Gen, American Trans. Gen. Electric
Glidden Co.
Goodrich (B.F.)
£
BOMBAY SİLVER Bombay, Mar. 24 (Reuter)., Market Steady. Offtake 250 bars.
Indian Mint Silver
Goodrich 35 pi.
Goodyear Tire & Co.
Great Northern Iron Ore Great Northern Rly, pfd:
Great Western Sugar
Ready Apr. 22 Settlement May 21 Settlement
63-13
Greyhound Corpn.
63-14
Hercules Powder Co
64-00
Homestake. Mining
Int Nickel
LONDON GOLD
40-44
Inter. Paper & Power Int. Tel. & Tel.
London, Mar. 24 (Reuter). Bar. Gold, Fine per oz., 188/-
Johnaman
Kentrecott Copper Libbey-Owens-Ford Lockheed Aircraft
Dunlop Rubber
32/9
Bristol Aeroplane
10/-
Imperial Chemical Ind. 30/-
United Steel
20/3
Woolworths
47/3
1940/41
Marsman Investments..
6/3
High
Western Holdings
9/6
Bub-Nigel
145/-
32.67 22.15 20
Shell Tran
J Trad
28.45 18.03 20
K
93.18 83.06 40
Low Dow Jones Averages 152.80 111,84 30 Industrials
Rails Utilities Bonda
(bearer)
40/71
64.07 48.74 11 Commodity Indox
•~~bid
| Tientsin-Pukbe Rly. 5%
(Brit. Stpd. Supl. Loan) 12 Tientsin-Pukow Rly. 5%
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
SWATÓW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA"
SINGAPORE, PEÑANG and CALCUTTA
Opening
0/3-1/2
';
5-1/8
21-3/4
India
17-1/4
*Paris
Hongkong
nominal 20-3/4
"Sterling
Rellers
(Ger, Btpd. Supl. Loan) 12 Jap. 6% Ster. Lean, 1924 Ger, 7% Intl Loan, 1824 Chartered Bank)
TO-
201-24 51
eat
Upening
Closing
HK & S'hai Bank (Lan
Spot
0/3-3/18
0/9-7/32
Reg.)
74
Mar.
0/3-3/16
0/3-7/32
EK Bhai Bank (Col
· Apr.:
0/3-3/18
0/3-7/32
Pet)
77
U.8. Dollar
Chinese Eng. & Mining
Spot
$5-3/18
$5-174
(bearer)
15/
*Mar.
5-3/16-
5-1/4
Chosen Corporation
4/-
Apr.
5-3718
5-1/4
Mercantile Bank of In-
dia. 25. "G".
1011
Shanghai, where passengers and cargo are landed.
Pekin Syndicate.
1/0
That Elec. Contr. Co.
10/4
For further particulars
} s'hal" waterworks “A”
1111
please apply to y
23
Market:-Quiet but steady!
Calcun Exchange
Calcutta, Mar 24 (Reuter),
T.T. on Japan.
India Kupe
ų. Bombay, Mar. 24" (Reuter) Govt 31% Rupee, 96-0-0,
15/-
Union Insurance... Gula Kalumpang Rubber Lọn, Mid Br Bcot, Rly, 121 Great Western Ry 331 National Bank of India 315 B-A Tob (beater) 80/3
SANDAKAN
HAIPHONG
All steamers berth alongside.
the Roosevelt Terminal in the French Concession at
JARDINE MATHESON& Co TELEPHONEOLITERAL MANAGERS.
PORATION. Rules may be obtain-Authorised Capital......$10,000,000.00
For the HONGKONG & SHINGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939,
THE CHASE · BANK
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.
Interest Rates on Application,
SAFE DEPOSIT BOXES
This Bank is entirely owned by Tas CHASE NATIONAL BANK, NEW YORK, with Resources of over U.8.$3,800,000,000.
D. L. BALLANTYNE,
Manager,
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offcos—15, Gracechurch Street, London, EC-3 Authorised Capital Subscribed Capital Paid-up Capital Reserva Fund
ad Boat,
BANKERS:
The Bank of England and Midland
Bank. Ltd. BRANCHFS:
Kaala Trangguns. Madras
New York
Forang Eatroon
Shanghai
Kuala Lumpur
starapore it HONG KONG BRANCH: Every description" of Banking and Exchange baafiamme, transsited.
TRUSTEE AND EXECUTORSHIP
*** UNDERTAKEN CURRENT 4000FMES spened in Loos Sur, rensy and SEXED DEPOSITS reostred Is Loud Currency & 82RKLING en terma that may be ascertained on application.
DI BENSON.
What do
Manager
you want?
If there is anything you want to...... buy or seil. try # anali Classified advertise- ment in the Hong- Kong Daily Prese."
25 words $1.50 prepaid
for 3 insertions.
Paid-Up Capital ......... Rosorve and Undivided
Profits
5,598,600,00
....2,983,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director. HON. SIR SHOUSON CHOW, Chairman Li Koon Chua. Esq.
Li Lan Sang, Esq. P. K. Kwok, Eng. Wong Chu San, Esq. Wong Yun Tong, Esq. Fang Ping Wab Esq. Chan Ching Shuk, Esq, KAN TONG PO, Esq., Chief Manager Hon. Ma. Li Tas Foro, Manager
Branches and Agencies;"
Perang Bingsport Bangoon Sourabeys Nalgon
Amoy
Batavia Bomber
Kowloon Loudon
Manib
Yaiping
Swatow
Ban Fran- Bydney
ciao Tiantain seattin "Vancouver Semarang
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 la Local and Foreign Cur rencies on terms which will be. | quoted on application.
SAPE LEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT
OF CHINA AS AN · INTERNATIONAL EXCHANGE
DAN BANK S 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, Q. South China Offices."
CANTON SWATOW
-KONGMOON
TOSHAN
SHIUCHOW KINGCHOW
We also handle.
of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
BHOU JOHEN,
Manager.
Technicolor
9
in conducted by the HONGKONG SHANGHAI BANKING COB-
323
291
Texas Corpo.
361
ad on application.
3
Texes But Sulphur
351
591
Timken-Axle
301
664
Trans-America Co
42
341
20th Cent. Fox.
B
13
Union Bag & Paper Corp.
101
514*
Union Carbide & Carbon
861
321
Union Pacific
774
427
United Aircraft
384
13
United Airlines Trans
124
107
United Corpu,
t
131*
United Corpn. $3 cum pí.
25+
124
United Gas Corpn.
601*
United Gas Improvement 81
181
U.S., Industrual Alcohol...
24*
141*
US. Rubber
22%
25
US. Rubber $8 pfd,
26+
U.A. Smelting"
80.
111
U.B. Steel
563
68*
Vanadium
281*
47
Vultee Aircraft
01
26
Walworth Co.
Calentia
Melbour
Haiphong
Bagwake
Hankow
How York
Houalain
Farla
Κρια
131
Warner Bros. Pict.
21
21*
Westinghouse Elec,
944
59
Woodward Iron Cor.
271
334
Chase National Bank ......
314*
Glast 343
22}
National City Bank... Libby, Moneill & Libby
281"
51
DOW JONES AVERAGE
Mar. 25, 1941. Mar. 22 High Low Close
121.98
27.23
122.62 121.62 192.30 28.07 127.85 28.02
Change .47. ap
.19 up
19.70
19.70 19.55 19.62
.08 off
$28,000,000
£1,830.000
£1,000,000
£1,254,839
90.72
61.92
90,75 82.40
..03 up
.48 up
Business Done:-370,000 shares
Bangkok Bombay | Catonsća
[pob
Colombo Deiti Salle Hongkong Howrah
Handy
Kota Bharu
Koala Liple
Jacos Ksantan
Karadisi
Bimis