On Sterling Notes:--
Bank Buying Rate
Bar Silver për œ...... 23 [/2
Fret. Today's
".
New York Cotton, July New York Rubber, July Chicago Wheat, July. Chicago Corn, July
High Low Close Close Change
12,10 11.74 11.76 12.08 24.18 23.85 23.55
.33 up
95
93 927
691
39+
69*
24.05 943 091
50 up.
2 up
unch.
On Shanghai:-
New York Hides, June NEW YORK· COTTON
14.53
14.32 14.26 14,40b .14 up
Close #
Closing
Change
Alleghany Steel C. 'Allis Chalmers.
On demand
450
On Singapore:—
May
11.73 N
1205 N.
.32 up
Amer. Can......
On demand
..... 52 3/4
July
11.75/76
12.08/10
33 up
American Cyanamid B.
1180/81
12.19/19
39 up
Amer, & Foreign Power ...
On Japan:-
11.88/87 12.31/24
.35 up
Amer. & Foreign $7 pf.
On demand
...... 102 1/2
On India:-,
January
March Bpot
11.86/86 11.16/86 11.97
12.23/23
37 up
Amer. Locomotive .....
12.20/24 13.29.
,34 up
Amer, Metals Co.
.32 up
Amer. Radiator
Amer. Rolling MM
Amer, S'ting and Ring Co. 377
Amer, Sugar Reining
Amer. Tel, & Tel.
23.80 N.
deleted
Amer, Tobacco "B"
23.55/57
.)
23.25/25
24.05/05 23.75/75
50 up
Amer. Waterworks
.50 up
Anaconda Copper
11
30
22.85 N
23.25/25
.40 up
Atchison, T, & S, Fe.
Aviation Corp.
1
Baldwin Lecometive
On demand
.....103 1/2
Baltimore & Ohio
On Manila:-
Barnsdall OD"
¡On demand
***** 47 3/4
12
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MAY 7, 1911.
On London:-
Telegraphic
Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8. Credits 4 months sight
NEW YORK COMMODITY MARKET (REUTER'S SERVICE)
NEW YORK. May 6 (Reuter).
October
December.
Telegraphic Transfer.
and demand.........: 6/8
On New York:
Bank Bills, on demand 23 7/8 Credlis, 60 days' sight 21 5/8
On Batavia-
On demand
On Paris:
Bank Billa, on demand Nom. Credits 4 months sight Nom.
On Saigon:-
Total sales Monday-125,900 bales.
The last trading day for May cotton is May 16.
NEW YORK RUBBER
... 44 3/4
May July
(New contract) September ( December {
Total sales for the day-1,470 tons. The last trading day for May rubber is May 27. CHICAGO WHEAT
NEW YORK STOCK EXCHANGE
STOCKS
Adama Express
· QUOTATION (REUTER'S SERVICE)
MAY 7. 1941.
Last Sale
STOCKS
Kennecots Copper" Libbey-Owens-Ford
Lockheed Aircraft
Loew's Inc.
Martin, Glen L.
| Montgomery Ward
National Aviation Nat Dairy Products National Distillers Nat, Power & Light
THURSDAY, MAY 8, 1941.
BANKS
(ONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1850
Reserve Funde: Sterling
£3,000,000 ....£3,000,00
£3,000,008
£8,500,000 Paid-Up Capital H.K. Currency Reserse $10,000,000 Reserve Fund
Reserve Liability of Pro- Reserve Liability of
pristors
(Miskin, Esq.,
Chairman.
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
Chief Manager.
HEAD OFFICE: LONDON:
38, Bishopsgate E.C.2. Sub-Agencies In London: 117/192 Leadenhall Street, E.0.1 West End Branch: 14/16, Cockspur Street, S. W 1 Manchester Branch:
59, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES.
HONG FUNG PENANG
ALOR STAR
AMKITBAR
BANGTOK
BATAVIA ROMBAT"
CALORİUSA"
AGENCIES: CLIVA STRAKS Pati Prade
CANTON CAWNPOR
[LUILO
ПРОД KARAOMI
KLANG
KOA KUALA
Last Sale
May 8
May 6
Proprietors
.$90,000,000
51
331
217
Glass 32)
Head Office:-HONG KONG
273
221
79+
294
35+
281
Board of Directors: Hon. Mr. J.J. Paterson,
321
171
8
W. H. Lock, Esq..
12)
121
Deputy Chairmaft:
·∙18) ·
181
J. E. Bousfeld, Esq.,
A. H. Compton, Esq.,
141
National Supply. Corp.
54
L. J. Davies, Esq.,
New York Central
Ilon. Mr. S. H. Dodwell,
131
BANGOO
151**
Niagara Hudson Power ...
21
BAIGON
K. S. Morrison, Esq.,
150
N. American Aviation .....
SEREMBAN
134
SHANGHAI
671
North American Co
121
BINGAPORE
4
Northern Pasite
71
SITIAWAN
24
Packard Motors
21
BOURABAYA
30+
Paramount Pictures
114
3
Pennsylvanig R.R.
247
Branches:
14
Phillips Petroleum
LUKPCR KUCHING MAD MAN
TAIPING
TIENTSIN
42
31
Pullman Inc.................
Amoy
Johore
94
Pure Of...
97
Bangkok
Kobe
On Bangkok:-
May
On demand ............
.... 749-1/2
July
941/941 ..deleted 923/93
Bendix Aviation
351
Radio Corpn. of Am.
Batavia Kowloon
Rangoon Saigon San
34
Bombay
Kuala
Francisco
September
931/934
941/95 " 951/951
2
"Bethlebem Steel
711
Reading Company,
Com
15
ut"
Calcutta Lumpur
Shanghai.
21 up
Bliss & Co.
147
Remington Arms Co., Inc.
4*
Canton
London
Singapore
Boeing Airplane Co.
14
Republic Aviation Corp.
34
Chefoo
***
Nom.
Monday's sales:-17.372,000 bushels.
Borg-Warner
173
Republic Steel
13
Colombo
Malacca
Sungei
CHICAGO CORN
Briggs Mfg.
191
Reynold Tobac. "B"
291
Dairen
Mey
89‡a
deleted
Budd, M'facturing Corp.
.31
Schenley Distillers
9
Foochow
Manila Muar
July
691/691
691/692
unch.
Canadian Pacific R'way
31
Shell Union Onl
134
Haiphong
September
691/691
691/691
up
Delanese
201
| Socony-Vacunum Oil
.91
Bankow
Mukden Tokyo
Harbin
Chesapeake & Ohio
377
Southern Pacific
124
Iloilo
NEW YORK HIDES
June September
Chrysler Corpn.
572
Southern Rly $5 ptd.
251
Ipoh
#
14,26/26
14:40b/45a
14 up
Columbia Gas & Elec,
27
Spicer Manufacturing Co. 29*
14.36/36
14.55/58
.19 up
Commercial Credit Co.
25
Standard Brands
5#
Com, & Bouthern (Ord.)
¡Stand Gas & Elec.
Consolidated Edison
194
Standard Ol of N.J.
371
Consolidated Oll ...
Studebaker Com,
5
8.07/06
Copperweld Steel
144
Swift International
181
Curtiss Wright (C)
8A
Wechnicolor
8
quoted on application.
Douglas Aircraft
68
Texas Corpn.
391
SAFE
May July
2.48b/502 deleted 2.50b/5la 2.47b/48a
Du Pont de Nemours
141
Trans-America Co.
4
various sizes to let.
.03 of
Eagle Picher Lead
77
20th Cent. For
31
MARKEL"
i
Elec. Autolite
271
Union Bag & Paper Corp. 209
business undertaken.
-4
Volume of business done:--329 lots. The last trading day for No. 3 Sugar is May 23. NEW YORK: SUGAR NO. 4
Elec Bond & Share
21
Union Paciâë
Elec. Band & Share $5 pf.
591
United Aircraft
381
Bec, Bond & Share $6 pf.
63)
United Airlines Trans
10+
July un
79b/804 80b/.81a
.00 up
Elec. Power & Light $7 pf. Flintkote
337
United Corpo,
124
United Corpn. $3 eum pt.
21
Lyons Boursbaya
Patani Swatow
(Johore) Tientsin
New York Tsingtao
Peiping Yokohama Penang
NEW YORK
PRIPING
(Peking)
FOREIGN EXCHANGE, and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPOSITS received for One Year of shorter periods in Local 01 Other Currencies at rates whioll will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
CURRENT ACCOUNTS opened interest allowed at rates obtainable
in Local Currency and FIXED DE-on application.
The Bank's Head Office in London POSITS received for one year or sherter 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
DEPOSIT BOXES of terms which may he ascerta sed at
TRUSTEE and EXECUTOR
Hongkong, 26th February, 1941.
HONGKONG SAVINGS ..
BANK
any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
CEBU COLOMBO
DELHI HAIPHONG HAMBURG HANKOW
TÓNGKAM
MANILA
(Bhakes)
KEDAN
TRINGTAL
TOKOHAMA
·
Volume of business done:-397 lots. NEW YORK COPPER FUTURES
July
Gen. Electric
29
United Gas Improvement
67-
BANK OF EAST ASIA, LIMITED
Gen MotorS
38
US. Rubber
211
The Business of the above Bank
Gen. Railway Bignal
124
US. Steel
531
is conducted by the BONGKONG
11.46b
11.55b
.09 up
Gen. Tire & Rubber... ...
101
Vanadium
241
Goodrich (B.F.)....
12
Vultee Aircraft
51
SHANGHAI BANKING COR- Authorised Capital......$10,000,000.00 PORATION. Rules may be obtain Paid Up Capital
5,598,600.00
ed on application.
Reserve and Undivided
9.83b/84a
10.22/22
.39 up
Goodyear Tire & Co.
177
Walworth Co.".
For the HoxOKONG & SHANGHAI-!
Profits
.2,983,261.50"
Great Northern Iron Ore -
137.
Warner Bros. Pict..
BANKING CORPORATION.
Great Northern Aly, pid.
27
Westinghouse" Elec.
•
September
9:45/52
-9.05 A
.20 up
Great Western Bugar
223
Woodward Iron Cor.
262
NEW YORK BLACK PEPPER
September
Int Nickel
257
Chase National Bank"
291
Hong Kong. 25th Feb., 1939.
7.37b/.40a" 7.59/59
,22 up
Inter. Paper & Power
131
National City Bant .....
Int. Tel & Tel Johnsmar
2
Libby. Monet & Libby
581
THE "CHASE BANK
34-3/4 4.03-1/4
34-3/4 4.03-1/4
DOW JONES AVERAGE
1940/47
-
High
162.80 111.84 30 32.67 22.15 20 26.45 17.67. 20 92.18 83.08 40 60,01 43.74 11
Low Dow Jones Averages
Industrials
Rails.
29.73
Utilities
17.67
May 7, 1941. May. 5, High Low Close 115.84
*117.83 116.02 117.10 29.22 29.49 28.77 17.89 17.60 17.77
Change 1.26 up .49.up
HEAD OFFICE:
91.76
.10 up 92.02 ,27 up 67,00 1.03 up
Loudos
Bombar
Manila
Caloutta
Malborka
Malphung Hakow
Nagasaks
New York
Hcnolain Kabe
Parke
Palping
Singapore
Sotirabay Barstow
Market Report
FROM BOZA BROS.
Tuesday, May 7.
unchanged Silver prices were yesterday, the quotations remain- ing at 23.1/2 for both Ready and Forward. The market was steady. American Silver was quoted at 34. 3/4 for Spot.
The London/New York cross- rate was quoted at 402.1/2. New York/London, was quoted at 403, 1/4,
Quiet,
STERLING 'There were sellers at 1/3 up to: June, buyers at 1/3.1/32 for any delivery.
U. 8. DOLLARS Quiet There were sellers at 24 1/4 for near and forward, buyers at 24.5/16 for Cash,
SHANGHAI DOLLARS Opened with sellers at 462 with business done subsequently at 463 and 464. The market closed with! sellers at 463.3/4, buyers at 484.
Total sales for the day:-345 lots. NEW YORK COCOA
September
The last trading day for May cocoa is May 22, NEW YORK SUGAR NO. 3
NEW YORK COTTONSEED OIL
July
NEW YORK LARD
SHANGHAI, MARKET Quiet. There were sellers of Sterling at 3.15/84 for Spot. US Dollars opened with sellers at 6.7/32 last and then rose to 5.1/4. At the close
it receded to 5.7/32 for Spot.
Shanghai Exchange
Shanghal, May 7 (Reuter).
Official T.T. Rates
London
New York
Japan
India
Paris
Hongkong
Sterling
Opening
0/3-1/8 5:1/8 21-3/4 17-1/4 nominal 20-3/4
The First Notice Day for September black pepper is Aug. 28 and
trading day is September 23.
N.Y. Official Sliver N.Y.-London Cross Rate ......
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, May 6. The following quotations are the middle prices at the close of the market in London. All quotations
NEW N.Y. COPPER" CONTRACT:
NEW YORK, May 7 (Reuter)- The New York, Commodity Ex- change has created a new copper contract, which became effective yesterday, and limits the top price to 11-1/2 cents per pound.
Trading in the old contract will are subject to confirmation and no be confined to liquidation, which responsibility is assumed for errors will be completed not later than in transmission.
£
Rollers
Spot
May
June
Closing pening 0/3-15/64 0/3-15/64 0/3-16/04 0/3-15/64
0/9-15/64 0/3-15/64/
War Loan, 31% (Red
after 1952) Defence Loan, 3%
U.S. Dollars
Spot
$5-7/32 $5-7/32
May
5-7/32
5-7/32
Canton-Kloon Rly. 5% Chinese 41% Gold Luan
1032 1018 9
39
June
5-7/32
5-7/32
Market:-Quiet.
Silver Duty Rate
The Central Bank of China's
rate on London at 10 am, today was 1/2-1/2d.
The Equalisation rate per cent.
India Rupee Paper
1898 (Brit. Issue) ..... Chinese 5% Gold Bonds,
1985/41
Chin. 44% Anglo-French
Loan, 1908 chinese 5% Crisp Loan.
40
1912
201
was 244
Chinese 5% Reorg, Loan,
1913 (Lan. Is.) .....
28}
7-9
Bombay, May 8:(Reuter), Govt. 31% Rupce. 94-06-0,
Calcata Exchange ·
Calcutta, May 6 (Reuter). TT on Japan, 81-1/2
SILVER MARKET LONDON SILVER. London, May 6 (Reuter). Silver-Negligible trade demand met by production selling. Market steady,
Spot, 23-1/21.
Forward, 23-1/2d. **
BOMBAY SILVER
Bombay, May 8. (Reuter).
Market Qulet Offtake 200 bars,
Indian Mint Silver
Readyen May 21 Bettlement June 20 Settlement
Chinese 8% Ster. Notes.
1925 '(Vickers) Chin. Imperial Rly, 5%
བྷུ བྷུ བྷྲ, སྶ ཨྰ ུཌ
Loan.......ess Honan Ely. 5% ..................** Hukuang Fly, 5%, 1911....
LP. N/Y Issue) Buknang Rly. 5%, 1011".
German Issue)
Lung Thing & D. Ha!
Ely 5% 1913 S'hal-N'King Rly. 5%... Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Tientsin-Pukow Rly, &%
The old сод February 2, 1942. trdet will not be subject to the price limitation, except that fuc- tuations will be restricted to half- cent from the previous close.
LONDON METALS
EXCHANGE
A
London, May 6 (Reuter). Tit. Standard. Cash, Middle Price, £269-3/8.
Tin, Standard. 3 months, Middle Price, £286-3/8.
Market ateady. After initial easiness in the absence of stimu- lating overseas advices, the market improved on fair expansion of cash inquiry. After hours-30 tons for 3 months at £268-1/2, paid and buyers.
| Mercantile Bank of In-
Bonds Commodity Index
LONDON STOCK EXCHANGE
LONDON, May 7 (Reuter)-The undertone "of the London Stock Exchange, remained firm yesterday
and although gilt-edged
ralls tended to be reactionary.
Industrials
60:01 =
Eusiness Done: 910,000 shares
1. LONDON RUBBER
TRADING
LONDON, May 7 (Reuter)-After remaining closed for more than one day, the London rubber mar- home ket yesterday re-opened for busi- ness, but under the new restric- were steady with tions imposed by Government.
Cour- Cable and Wireless and tauld's good features, the latter on useful enquiry finding stock short. Oils were steady, with Mexican Eagle improving on the reported big British purchase of Mexican oll. Katrs responded to satisfac- tory April returns and diamonds were supported.
Among foreign issues Japanese
"Spot" was traded at 144. un- changed from the previous level, while forward positions advanced one-eighth to 14-1/4d
bonds tended lower while Egyptian and Iraq issues receded.
2
Wall Street was firm.
V. M. GRAYBURN,'
Head Office:-HONG KONG
Chief Manager No. 10 Des Voeux Road, Central
Board of Director
HON. SIR SHOUSON CHOW, Chairman
Li Koon Chan, Esq. Li Lan Bang, Esq.
P. K. Kwok, Esq., Wong Chu Son, Esq. Fung Ping Wah Esq.
18, QUEEN'S ROAD, CENTRAL Wong Tan Tong, Eny,
Chan Ching Shuk, Bai,
KAN TONG PO, Esq., Chief Manager HON. MR. LI Tas FONG, Manager
18, PINE STREET.
NEW YORK. An American Bank offering com-
plete Foreign Banking Service Amor in the principal Markets of the Batavia world.
Interest Rates on Application.
SAFE DEPOSIT BOXES.
Branches and Ageneita:
Kowloon PARKAN
Hangoon
Baiton
San Fran. Briney
·Cisco TiantA
Seattle
Semarang
Shanghai:
Vancoase
Every description of Banking and This Bank is entirely owned by Exchange business transacted. Lomon THE CHABE NATIONAL BANK, granted on approved securities,
NEW YORK, with Resources of over U.S.$3,800,000,000.
D, L. BALLANTYNE,
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter Manager, periods in Local and Foreign Cur rencies on terms, which will be quoted on application.
WANT ADS are Seen!
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEYOO ́
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
BANDAKAN
TO-
dia, £5, "0"
114
8
| Pekin" Byndicate.
1/-
14'
S'hai Bec. Constr. Co.
16/
B'hal Waterworks "A".
"10
Union Insurance ...............
15 22
10
Gula Kalumpong Rubber 15/- Lon, Mid, & Scot.. Rly. 131
341 Great Western Rly... National Bank of India 301 8.-A. Tob (benzer) s Dunlop Rubber Bristol Aeroplane......... 9/101 Imperial Chemical Ind. 30/3
85/-
32/9
རྒྱུ བྷུཏྟཱསྐ
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl Loan) 10 Tientsin-Pukow Rly. 5%
(Ger, Btpd, Bupi. Loat), 10
Jap. 6% Ster. Loan, 1924 19-21+
Ger..7% Intl. Loan, 1924 5}
Chartered Bank .................................. B-11/16 United Steel................... 22/- Woolworth 47/6 6/3 Marxman Investments"...
*** 9/9
62-15
62-151 63.400
HK & Shal Bank (Ldn.
Rek
71
HK & Bhai Hank” (Col:
*78
Western Holdings Sub-Nigel
140/-
Chinese Eng Mining
then Trim & Trad
12/6
(beurer)
40/71
Chosen Corporation
*-bid
LONDON GOLD
London, May 6 (Reuter), Bar Gold, Fine per ox., 188/-
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concesion at Shanghai, where paasengers and cargo are landed.
For further particulara
please apply to
“JARDINE MATHESON&Co.,Ltd. TELEPHONEČŽOSIÍ • GENERAL MANAGERS.
SATE DEPOSIT Box To LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA-
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
2
BANK
PAID-UP CAPITAL $40,000,000.00 (Brancas Azz ÖVER ÜHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centren of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head
Office:-BHANGHAI Hong Kong Branch: 4, QUEEN'S ROAD, C. South China Offices.
CANTON,
SWATOW:
KONGMOON TOISHAN
SHIUCHOW KINGCHOW
"We also handle the issue of Bonds and other Publia Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,"
Manager.