On demand
On Singapore:-----
On demand
On Japan:-"
On demand
On India:-
Telegraphic and demand
On New York:-
Bank Bills, on demand 24 Credits, 60 days' sight 24 3/4 "On Batavia :--
On demand On Paris:-
Bank Bills, on demand No. Credits 4 months' sight Nooi.
On demand
On Manila:-
On demand
On Bangkok:--
On demand On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz .....
WEDNESDAY, APRIL 23, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
NEW YORK, April 21, 1941.
qu London:-
Telegraphic
8 8 8 8 8 8 8 8 8 8 8
Transfer, 1/2 7/8 Bank Bills, on demand 1/8 7/8 Credits 4 months' aight On Shanghai:—
New York Cotton. May New York Rubber, May Chicago Wheat, May Chicago Corn. May ...... New York Hides. June NEW YORK COTTON
High Low
11.29 11.19
901
671
89* 673
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGETM
CLOSING QUOTATIONS
APRIL 22, 1941.
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
QUOTATION (REUTER'S SERVICE)
APRIL 22, 1941 1
Last Sale
STOCKS
NEW
YORK STOCK EXCHANGE
BANKING CORPORATION
Authorised Capital....... $50,000,000
Prev, Today's
Close Close Change, 11.23 11.27 .04. up 22.75b 22.08.06 up
903 901
off 674 871b
STOCKS
i off
April 21
13.76
13.66
13.62b 13.75.13 up
Adams Express
51
Kennecott Copper
Last Sale ** April 21
32
...$20,000,000
H.K. Currency Reserve $10,000,000 Reserve Fund
Reserve Liability of Pro- Reserve Liability of
prietors... Proprietors
INDIA, AUSTRALIA AND CHINA Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1856
Reserve Funds: Sterling
£ 6,300,000 Paid-Up Capital ........
:1
£3,000,000 £3,000,000
..£3,000,000
Close Closing
Change
Alleghany Steel Co.
181
Libbey-Owens-Ford Glass 32
Head Office:-HONG KONG
**** 460
52 374
May July
11.23/23
11.27/27
.04 up
Allis Chalmers .. Amer. Can
Lockheed Aircraft
261
191
Loew's Inc.
31.18/18
11.23/23
.06 up
834
291
Board of Directora: Hon. Mr. J. J. Paterson,
October
11.12/12
11.17/17
05.up
American Cyanamid B.
Martin, Glen L......
344
251
Amer. & Foreign Power
to
Montgomery Ward
33
***** 102 -1/3
December
January
11.11/13
11.15 N
.04 up
W. H. Lock, Esq.,
11.09 N.
11.11/11
.02 up
Amer
Foreign $ pf.
171
National Aviation
7:
-
Transfer.
82 6/8
March Spot .....
11.12/12 11.43
11.14/14 11,47
02 up
Amer. Locomotive
104
Nat Dairy Products
Chairman.
Deputy Chairman,
.04 up
Amer, Metals" Co. "...................
16"
National Distillers
Amer Radiator
6
Nat, Power & Light
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Total sales Saturday:-48,500 bales. The First Notice Day for May Cotton is April 25 and date of delivery is May 1 NEW YORK RUBBER
L J. Davies, Esq.,
Amer. Rolling Mill
124
National Supply Corp.........
Hon. Mr. S. H. Dodwell,
Amer, Sting and Ring Co.
347
New York Cential ................
11
G: Miskin, Esq.,.
Amer. Sugar Refining
161
Niagara Hudson Power
D
K. S. Marrizon, Esq.,
Amer. Tel, & Tel
1561
May
July (New contract) September ( December
>
On Balgon:-
22.75b/80s 22.80 N
21,90/80 21,86 88 21.40/40. 21,45b/48 21.10b/15a 21.15 N } ( Total sales for the day:-1,040 tons.
.05 up
Amer. Tobacco "B"
68+
.04 up
Amer. Waterworks
+
N. American Aviation North American Co. Northern Pacific
131
5t
.05 up
Anaconda Copper
23
Packard Motors
24
.05 up
Atchison, T. & 3. F
251
Paramount Pictures
il
J
104
The First Notice Day, for May rubber is April 29 and last trading day is May 27.
Aviation Corp. .
23
Pennsylvania R.R.
..237
Baldwin Lecometive
12"
Phillips Petroleum
38
Baltimore & Oble
34
Pullman Inc......
231
Amoy
Branches:
Johore
Bangkok Kobe
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L Shield, Sir Vandeleur M. Grayburn,
Chief Manager.
Rangoon Saizon
AGENCIES:
OLATE SET KUALA
FAIRLIK PLACE CANTON
ΟΙ ΦΕΡΟΕΣ CEED COLOMBO
AMBITHAR
BANGKOK
BATAVIA
BOMBAT
CALOUTTA
HEAD OFFICE:. LONDON:
38, Bishopsgate E.C.2.
Sab-Agencies In. London: 117/122, Leadenhall Street, E.C.a.· ̈
West End Branch:
14/16, Cockspur Street, S. W 1 Manchester Branch: 52, Mosley Street, Manchester, &
AGENCIES AND BRANCEFS
ALOR STAR
BONG KONG PENANG
ΙΣΟΣΤΟ IPOH
1
RANGOON
SAIGON
KARACHT
KLANG
KOBB
BEREMBAN
SHANGHAI
*BINGAPORE
SITIAWAN
SOURABAYA
LUMPUR
TAIPING
KUOKING
TIENTSIN
MADHAR
TONGKAI
MANILA
(Bhuket)
48
CHICAGO WHEAT
Barnsdall OL
81
Pure Oll
7.
Hatavia
Kowloon S&A
DELHI HAIPHONO
MEDAN
THINGTAG
May
901/901.
901/904
off
Bendix Aviation
32
Radio Corpn. of Am.
37
Bombay
Kuala
Francisco
149 1/2
July
882/821
88/88
off
Bethlehem Sterl
69
Reading Company,
Com
132
Calcutta Lumpur
Shanghai
September
89/891
854/881
A off
Bliss & Co.
14/
Remington Arms Co., Inc.
47*
Canton
London
Singapore
Non 23 1/2
Saturday's sales:-8,790,000 bushels.
Boeing Airplane Co.
121
Republic Aviation Corp.
31
Chetco
"LYDBL
CHICAGO CORN
Borg-Warner
16
Republic Steel
17"
Colombo
Malacca
Sourabaya Sungai
May
671/87
67jb
+ OT
Briggs Mfg.
182
Reynold Tobac. "B"
30%
Dairen Manils
July
63/68
6812
up
Budd M'facturing Corp.
31
Schenley Distillers
Foochow
Musz
81
September
681/681
691b
oft
Canadian Pacific R'way
34
Shell Union Oil
124
Haiphong
Bankow
Mukden Tokyo
Celanese
20
Socony-Vacunum où
81
Harbin
Chesapeake & Ohio
374
Southern Pacific
91
Iloilo "Peiping Yokohama
New York Tsingtao
September
13.62b/83a 13.75/75 ...... 13.728/73a 13.83/83 Total sales for the day:-78 lots.
NEW YORK COCOA
.13 up
Chrysler Corpn.
57
Southern Rly 35 pfd.
Ipob Penang
11 up
Columbia Gas & Elec.
3
Spicer Manufacturing Co. 29
Commercial Credit Co. Com, & Southern (Ord.)
244
Standard Brands
Stand Gas & Elec.
01
"
May
7.16 N
7.16 N
-.01 off
Consolidated Edison
197
Standard Ou of NJ.
354
Consolidated 011
51"
Studebaker Com,
5
Copperweld Steel
13
Swift International
17 Y
Ourtiss Wright (C.)
71
Technicolor
81
May July
2.43b/44a 2.45b/48a 2.44b/45a 2,46b/47a
102 up 02 up
Douglas Aircraft ... Du Pont de Nemours
844
Texas Corpn.
361
140)
Trans-America Co,
41
Volume of businesa dorte:---570 lots. The First Notice Day for No. 3 Sugar is April 24 and the last trading day 19 May 23.
Eagle Picher Lead
74*
20th Cent. Fox.
51
TRUSTEE
Elec. Autolite
251
Union Bag & Paper Corp. 101
business undertaken.
Elec Bond & Share .........
21
Union Pacific
761
MARKET
NEW YORK SUGAR NO." 4
Elec. Bond & Share $5 pt.
5441
United Aircraft
344
May July
77b/794a 774b/.79a 81b/.82a .81b/.82a
Elec Bond & Share $6 pt.
581
United Alines Trans
102
unch.
Elec. Power & Light $7 pf.
314
United Corpn.
011/16
Flintkote
12}
United Corpn. $3 eun pi.
201
Patani Swatow
(Johora) Tientsin
(Peking)
FOREIGN EXCHANGI and General Hanking Business transacted.
CCARENT Accourrs opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates whic will be quoted on application,
SAVINGS ACCOUNT also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened interest allowed at rates obtainable in Local Currency and FIXED DE-on application. POSITS received for one year or The Bank's Head Office in London sherter periods in Local and Other undertakes Executor and Trustee Currencies on terins which will be business, and "claims recovery of quoted on application:
British Income Tax overpaid, on
SAFE DEPOSIT BOXES of terms which may be ascertained at various sizes to let.
any of the Agencies and Brauches.
W. H. EVANS THOMAS,
Manager,
and EXECUTOR
Hongkong, 26th February, 1941.
HONGKONG SAVINGS
BANK
HAMBURG HANEOW
NEW YORK PHIPING
YOKOHAMA
Gen. Electric
30
United Gas Improvement
61
- BANK OF EAST ASIA,
LIMITED
Gen Motors
377
U.8. Rubber
201
The Business of the above Bank)
Gen. Railway Signal.
112
U.S. Steel
507
is conducted by the, BONGKONG
& SHANGHAI BANKING COB Authorised Capital..
$10,000,000.00
11.45b/52a 11.48b/55a
.03 up
Gen. Tire & Rubber
10
Vanadium
231
Goodrich (B.F.)
117
Vuitee Atreraft
ed on application.
9.03/05
9.22/22
.19 ap
Goodyear Tire & Co.
161
Walworth Co.
Great Northern Iron Ore
134*
Warner Bros. Pict.
BANKING CORPORATION.
إلا
Great Northern Rly, píd.
234
Westinghouse Elec.
88+
9.22/25
9.20/20
.02 off
Great Western Sugar
214
Woodward Iron Cor.
251
int Nickel
271
Chase National Bank
294*
6.56/56
NY. Official Silver N.Y.-London Cross Rate
6.58b/80a unquoted 34-3/4 4.01-1/4
.02 up
Inter. Paper & Power
13
National City Bank
251*
4.02-3/4
Int. Tel. Johnsman
Tel.
2
Libby. Moneill & Libby
51.
551
DOW JONES AVERAGE
I
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
1940/41 -
Bligh
Apr. 22, 1941.
London, April 21. | (bearer)
Chosen Corporation
Low Dow Jones Averages
Industrials 162.80 111.64 30 32.07. 22.15 20 26.45 18.03 20 92.19 83.06 40 04.07 48.74 11
Apr. 19, High Low Close 118,18
116.39 115.49 11.06
Change Coff
Raila Utilities
27.72
27.87 27.66 27.77
05' up
18.17.
18.24 18.00 18.10.
Boods
Commodity Index
90.07 63.27
$0.52 63.23 Business Done: 430,000 shares
.07 of ,00 off .02 of
PORATION. Rules may be obtain- Paid-Up Capital 5,598,800.00
For the HONGKONG. & SHANGHAI
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
is, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
Head Offee:-HONG KONG. No. 10 Des Voeux Road, Central
Board of Director.
KON. SIR SHOUSON CHOW, Chairman Li Koon Chan. End Li Lan Saug, Eag P. E. Krok. Eng. Wong Cha Son, Esq. Wong Yan Tong: Est. Fang Ping Wab Esy-
Chan Ching Shok, Esq.
KAN TONO PO, Esq., Chief Manager HON. MR. LI TSE FOND, Manager
Branches and Agencies:
18, PINE STEBET.
NEW YORK. "An American Bank offering com-
plete Foreign Banking Service Amay in the principal Markets of the Bombay world.
Interest Rates on Application,
Разме
Reserve and Undivided
Profita
....2,083, 201.50
Bataviz
Kowloon
Hadiroon Loudon
Singapor
Bourabaya
Manila
Safgen
Bwatow
Daloutta
Inphoog
Badkow
Honolulu Eove
Priping
Bemarang
Shangbai
Melbourne San Fran. Sydney Nagaka
aises Tienin
New York, Beattle Trucqarr Parla
Market Report
FROM ROZA BROS.
Tuesday, Apr, 22. Silver prices were unchanged yesterday, the quotations remain
og at 23.1/2 for both Ready and Forward. Silver advices reported the markets as being steady with
little trade buying. American Silver, was quoted at 34.3/4 for Spot.
NEW YORK HIDES
June
The First Notice Day for May cocoa Is April 24 and the last trading day 19 May 22.
* NEW YORK SUGAR NO. 3
The London/New York cross- New rate was quoted at 402.1/2. York/London "was quoted at 402.- 3/4
Quiet.
STERLING
There were Nothing doing. Bellers at 1/3 up to June, buyers at 1/3.1/32 for any delivery.
U. S. DOLLARS
Business was done during the ccurse of the morning at 24.3/8 for Cash. The market closed at 1 p.m. with sellers at 24.5/16 T near and probably forward, buyers al 24.3/8 for Cash.
SHANGHAI DOLLARS Opened with sellers at 470.1/2 with business done subsequently: at 473 followed by transactions at 472. The market closed at 1 p.m. with sellers at 472, buyers, at 472.- 3/4 for Spot.
SHANGHAI MARKET Erratic. Sterling opened with sellers at 3.3/16 and then dropped the At the close 3.11/64
market was easier at 3.5/32 for Spot. U. S. Dollars opened with sellers at 53/16 and closed with sellers at 5.1/8 for Spot.
AFTERNOON MARKET
Quiet.
STERLING The market closed with sellers at 1/3 up to June, buyers at 1.3.1/32 for any delivery.
U. S. DOLLARS Business was done at 243/8 for Cash and May. The market closed with small sellers at 24.3/8. buyers at 24.7/16 for Cash.
Volume of business done:-33 lots.. The Last trading day for No. 4 Sugar is May 1. NEW YORK COPPER FUTURES
July
NEW YORK COTTONSEED OIL
July
NEW YORK LEAD..
September
NEW YORK BLACK PEPPER
July
The following quotations are the middle prices at the close of the Mercantile Bank of In- market in London. All quotations dia, £5, "a"
are subject to confirmation and noPekin Syndicate..... responsibility is assumed for errors 8'hal Elec. Constr. Co. in transmission.
War Loan, 34% - (Red,
after 1962)
SHANGHAI DOLLARS Business was done this after- noon at 472, At the close there Chinese 5% Crisp Loan. were sellers at 470.1/2. buyers at 471.1/4.
1812 Chinese 5 Reorg. Loan.
1913 (Ldn. 15.) Chinese 8% Ster. Notes,
1925 (Vickers) Chin.. Imperial Rly. 5%
14/-
4/-
101
1/
£
S'hai Waterworks "A" ... Union Insurance ... Gula Kalumpong Rubber 157- Lon., Mid, & Scot., Rly 114
16/- 15 22
SILVER MARKET
E
1031
Defence Loan, 3%... Janton-Kloon Ply. 5% Chinese 41% Gold Loan
Great Western Rly.
314
1013
National Bank of India 307
10
B.-A. Tob. (bearer)
83/14
1898 (Brit. Issue). Chinese 6% Gold Bonds.
1925/47........
39
Dunlop Rubber
32/8
Bristol Aeroplane.......
107
38
Imperial Chemical Ind. 29
.
Chin, 41% Anglo-French
Loan, 1908
United Steel
21/11
Woolworths
48/3.
40
Maramian Investmenta
8/3
22
Western Holdings
9/41.
Bub-Nigel
142/6
Indian Mint Silver
Shell Tran 2 Trad.
28+
Ready
62-15.
(bearer)
40/71
May 21 Settlement
63-00
" 8-10
*--bid
ex do
June 20 Settlement
83-02
Lokn Honen Rly, 5% Hukuang Rly. 5%, 1911...
(LP. N/Y Issue)
48 12
13
Eukuang Rly, 5%, 1911
German Issue) Lung Tsing & U. "Hal
Rly. 5% 1913
104
Bhai-N'King Rly. 5%....
14
Opening
London
0/3-1/8
New York ....
6-1/18
Japan
21-1/2
India
Paris
Hongkong
17-1/4 nomina! 20-3/4
Tientsin-Fukow Rly, 5%
(Brit. Stpd.). Tientsin-Pakow Rly. 5%
German Sipd.) Tientsin-Pukow Rly. 5%
Operating Services for Cargo and Passengers
11
TO-
11
and TIENTSIN
11
Sellers
ཌ ཡ ཻ་
SHANGHAI MARKET Sterling opened with sellers at 3.6/32 and closed a shade steadier at 5.11/64 for Spot. U. 8. Dollars opened with sellers at 5.1/8 and closed with sellers at 5.5/32 for Spot.
Shanghai Exchange
Sterling
Opening Closing
0/3-11/64
Spot 0/3-5/32
Brit. Stpd. Eupl. Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd, Supl. Loan) 11
Jap. 5% Ster. Loan, 1924 22+ Ger, 7% Intl. Loan, 1924 Chartered Bank
! 8
Apr.
0/3-5/32
0/3-11/64
May
0/3-5/32
0/3-11/64
H.K. & S'hai Bank (Ldn
Reg.)
73
U.S. Dollars
Spot
Apr:
$5-1/8 55-5/32 $5-1/8 $5-5/32 $5-1/8 $5-5/32
H.K. & Shai Bank (Col.
Peg) Chinese Eng. & Mining
784
India Rupee Paper
May
Market!--Quiet,
Calcutta Exchange
Calcutta, Apr, 21 (Reuter). TT on Japan. 81-1/2
Bombay, Apr. 21 (Reuter). Govt. 34% Rupce, 95-02-0.
LONDON SILVER. London, Apr. 21 (Reuter). Sliver-Little trade buying and production selling. Market steady. In the afternoon, the market was steady with no business.
Spot, 23-1/2d:
Forward, 23-1/24.
BOMBAY SILVER
Bombay, Apr. 21 (Reuter). Market-Quiet but steady, Off- take 100 bars.
LONDON STOCK EXCHANGE
LONDON, Apr. 2 (Reuter) With operators very cautious, & minimum of movement
occurred
on the Stock Exchange yesterday, but on the whole the prices were well maintained,
for
Te-
There was some support gilt-edged securities, which
advances. Indus- corded small trials
were occasionally
chiefly the heavy stocks.
lower,
Oli shares were irregular and Kaffir were steady after early Cape selling.
Wall Street was quiet
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
SWATOW, SHANGHAI, TSINGTAU, CHEFÒO „
KOBE and
OSAKA
แ
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.,LTD. TELEPHONE KOXIEM GENERAL MANAGERS-
SAFE DEPOSIT BOXES
Every description of Banking,and
This Bank is entirely owned by Exchange business transacted. Loani THE CHASS NATIONAL BANK, granted on approved securities.
NEW YORK, with Resources of
v.
over. U.S.$3,800,000,000.
D. L. BALLANTYNE,
оде уст
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for
Or aborter Manager periode in Local and Foreign Car rencies on terms which will be quoted on application.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street, London, ECa
Authorised Capital Subscribed Capital. Paid-up Capital
Moverre Fund and Rust,
BANKERS:
SAFE EPOSIT Boxca-To LET.
KAN TONG PO,
Chief Manager.
23,000,000
21,800,000
21,060,000
€1,264,639
BANK OF CHINA
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Kui Trengganu Madras New York..
Bangkok
ipch
Bombay
Oncerta
Xcantan
Co.crabo
Kandy
Penang
Dalbi
Kenchl
Bangoon
Galle
Kota Bharu
Bhanghai
floerkong
Kuala Lipin
Biral
HowTab
Kuala Lumpur
Вівтарог
HONG KONG BRANCH:
Every description of Banking and Exchange busic transacted.
Specially Chartered by
THE NATIONAL GOVERNMENT, OF CHINA AB 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 TRUSTEE AND EXECUTORSHIP principal Commercial Centres of
UNDERTAKEN
the World, we are able to extend
CURRENT ACCOUNTS opened in Lotal Car. rendy and FIXED DEPOSITS received in Local to our Clients special facilities for Charredgy & 82EELING on terms that may be Domestic and Foreign Banking and ascertalent on application.
Exchange.
Head
D. BENSON,
Manager
WANT ADS
Trusted
Office:-SHANGHAI Hong Kong Branch: 4, QUEEN'S ROAD, C. South China Offices.
CANTON
KONGMOON TOISHAN
SWATOW SHIUCHOW KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad,
SHOU J. CHEN,
Manager.
Shanghai, Apr. 22 (Reuter).
Official T.T. Rates
#