NEW YORK, May 12, 1941.
12.40
24.70
High Low
12.22
· 24,35
951
728
Prev. Today's
Close Close Change. 12.42 1230 .12 off 24.45 24.80 15 up 93) 96 $31 24 of 718
724 717 1 off 14.78 14.86. 14.75N 14.70b 05 off
On Shanghai:--|
On demand.....
Un Singapore:-
On demand
On Japan:-
On India:
ard demand
Close
Closing
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS MAY 13, 1941.
On London:
Telegraphic Transter. 1/2 7/4 Bank Rills, on demand 1/2 7/9 Credits 4 months' sight
NEW YORK COMMODITY MARKET (REUTER'S SERVICES
New York Cotton, July New York Rubber, July Chicago Wheat, July Chicago Corn, July. New York Hides. June
NEW YORK COTTON
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
MAY 13, 1941.
STOCKS
Authorised Capital... 880,000,000
WEDNESDAY, MAY 14, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1858
INDIA, AUSTRALÍA
AND CHINA
Reserve Funda :
Sterling
STOCKS
Last Sale
Last Sale
May 12-
Adams Express
Kennecott Copper
May 12 34+
.....$20,000,000!
£8,500,000 Paid-Up Capital B.E. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Reserve Liability of Pro- Proprietors...
prietors
23,000,000
£8,000,000
„£3,000,00%
Alleghany Steel Co.
271
| Libbey-Owens-Ford
Glass 317
HEAD OFFICE; LONDON
All Chalmers..
Change
27
Lockheed Aircraft
Head Office:-HONG KONG
Amer. Can
ཟ་༠༤༠༢༔མ་ཏུ
52 3/4
May July
October
79
12.39 N 12.29 N.
10 off
American Cyanamid B.
361
Loew's Inc Martin, Glen. L
29+
12.42/42
12.30/90-
.12 c...
Amer: Foreign Power
Montgomery Ward
Roard of Directors: Hon. Mr. J. J. Paterson,
יו'
12.56/58
12.43/46
10 off
December
January
March
$82 5/8
Spot
J
On Batavia:--
On demand
On Paris:-
On demand .................... 102. 1/2
Telegraphic Transfer.
On New York:-
Bank Bills, on demand 24 1/M Credlis, 60 days' sight 24 7/8
Total sales Saturday:-135,400 bales,
The last trading day for May cotton is May 18. ş NEW YORK RUBBER
12.64/64
12.51/52
.13 of
Amer Amer. Locomotive***
& Foreign 37 på. ...
184
National Aviation
Chairman.
12
Nat Dairy Products
W. H. Lock, Esq.,
12.61/61
12.49 N
r
12 off
Amer. Metals Co.
< 17
National Distillers
*
181
12.84/64 12.63
12.51/52
.13 off
2.
Amer. Radiator
19
Nat, Power & Light ....
J. K. Bousfeld, Esq.,
12.54
.09 off
Amer. Rolltog Mil
144
National Supply Corp.
51
1. H. Compton, Esq.,
Amer. Sting and Ring Co. 387
New York Central
LJ. Davies, Esq.,
Amer, Sugar Refining
131.
Niagara Hudson Power ...
Amer. Tel.
Tel.
1501
N. American Aviation
Hon. Mr. S. B. Dodwell, G: Miskin, Esq.,
38, Bishopagate E.0.2. Sup-Agencies In London: 117/122, Leadenhall Street, E.C
West End Branch: 14/16, Cockapur Street, 8.W 1. Manchester Branch; Mosley Street, Manchester, S
Deputy Chairman,
AGENCIES AND BRANCHES:
ALOR STAN HONG KONG PINANG
AMRITSAR
BANGFOK
Amer. Tobacco "B"
081
North American Coni
45 1/4
Bank Bills, on demand Noni. Credits 4 months' sight Non
May July
(New contract)
September (
December
{
24.45/48
24.60/80
15 up
Amer, Waterworks.
41
Northern Pacife
23.95/95
24.05/05
.10 up
Anaconda Copper.
254
Packard Motors
23.65/85.
23.75/75
10 up
Alchison, T. & G. Fe.
30
Paramount Pictures
23.30 N
23.40 N
10 up.
Aviation Corp.
21
Pennsylvania RR,
On Balgon:-
On demand
On Manila:—
On Bangkok!
On demand
104 1/2
Total sales for the day:-1,160 tons,
The last trading day for May rubbers May 27..
Baldwin Lecometive
14
Phillips Petroleum
Baltimore & Ohla
4
Pullman me....
Barnsdall On
91
Pure Of
CHICAGO.WHEAT
July....
148 1/2.
September
Now.
***. 23 1/2
CHICAGO CORN
July.....
September
September
September
A
May...
July
Quiet
Jüly
September
last
N.X, Official Silver
N.Y.-London Creas Rate
·
1898 (Brit Issue)..... Chinese 5% Gold Bonds,
1925/47
Chin. 41% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan.
1912
Chinese 5% Reorg. Loan.
1913 Ldn, Is.).
Chinese 8% 8ter. Notes.
1925 (Vickers) Chia. Imperial Rly, 5%
Loan ......
Honan Rly, 5%
Hukuang Rly. 5%. 1911...
(L.P. NIT Issue)
Hukuang Rig 5%, 1911
(German, Issue)
Lung Thing & U
Rly. 5% 1913 ...
On demand.......... 43 1/4
On Sterling Notes:---
Bank Buying Rate
Bar Bliver por 02.....
Market Report
FROM ROZA BROS.
Tuesday, May 12. Silver prices were unchanged yesterday, the quotations remain- Ing at 23.1/2 for Ready and For- ward. Silver advices reported the market as being steady but fea- tureless. 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
MARKET
STERLING
There were sellers at 1/3 up to July, buyers at 1/3.1/32 for any delivery.
U. S. DOLLARS
A small business was done early in the morning at 24.7/16 for near The market closed at delivery.
lunch time with sellers at 24.3/8 for
NEW YORK HIDES
June
Total sales for the day-148 löts. NEW YORK COCOA
The last trading day for May cocoa is Mar 22.
NEW YORK SUGAR NO. 3
Volume of business done-144, lots. The last trading day for No. 3 Sugar is May 23. NEW YORK. SUGAR NO. 4
NEW YORK COTTONSEED OIL
July NEW YORK LARD
September
near and forward, buyers at 24.-NEW YORK BLACK PEPPER
7/18 for any delivery..
SHANGHAI DOLLARS Erratic during the early part of the morning. Opened with sellers at 453,1/2 and then receded to 453, Later business was done at 453.1/2 followed by transactions at 464.1/4 and 455.1/4. The market closed at lunch time with probable scilers at 455.3/4, buyers at 458.1/4. SHANGHAI MARKET Serling opened with sellers at 3.21/64 and closed easier at 3.9/321 for Spot.
The First Notice Day for September black pepper ia Aug. 26 and
trading day is September 23.
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, May 13.
The following quotations are the
U S. Dollars opened 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.
with sellers at 5.13/32 and closed with sellers at 5.11/32 for Spot.
AFTERNOON, MARKET
Quiet.
STERLING
There were sellers at 1/3 up to July, buyers at 1/31/32 for any delivery.
U. S. DOLLARS The market closed with sellers at 24.3/8 for near and forward, buyers al 24.7/16 for Cash up to July.
noon
SHANGHAI DOLLARS Business was done in the after- at 455.1/2, 455.3/4, 458 and .456.1/4. The market closed with small sellers at 456. buyers at 456.1/4.
SHANGHAI MARKET Sterling closed with sellers at 3.9/32 for Spot and U. S. Dollars a 5.11/32 for Spot.
Shanghai Exchange
Shanghal. May 13 (Reuter).
*Official T.T. Rates
Opening
War Loan, 34% (Red,
after 1962) Defence Loan, 3%... Canton K'loon Rly. 5% Chinese”44% Gold Loạn
Chinese Eng. & Mining
(bearer) Chosen Corporation Mercantile Bank of In-
dia. £5, "G" Pexin, Syndicate.
Bendix Aviation
341
Radio Corpn. of Am,
ช
961/981
961/961
932/934
24 off
Bethlehem Steel
714
Reading Company, Com
941/941
24 off
Bliss & Co.
151
Remington Arms Co., Inc..
Saturday's sales:-14,074,000 bushels..
Boeing Airplane Co.
13+
Republic Aviation Corp. 32
Borg-Warner kle
17/
Republic Steel
Briggs Mig.
191
Reynold Tobac. “E”
723/728
"72/713
† off
Budd M'facturing Corp.
4
Schenley Matillera
731/73
721/721
1 off
Canadian Pacide R'way
31
Shell Union Oil
Celanese
211
Socony-Vacunum Oil
Chesapeake & Ohio
-302
Southern Pacific
14.75 N
14,70b
.05 off
Chrysler Corpn.
581
Southern Rly $5 più.
14.94, 94
- 14.81/82
.13 off
Columbia Gas & Elec.
24
Spleer Manufacturing Co. 301*
Commercial Credit Co.
234
Standard Brands
Com, & Southern (Ord.}
t
Stand Gas & Elec,
Consolidated Edison
18
Standard On of N.J.
closed
7.81/80
Consolidated..Oll
61
Studebaker Com.
Copperweld Steel
144
Swift International
Ourtiss Wright (C)
8+
Technicolor
Douglas Aircraft
681
2.506/51a 2.49b/50a 2.53b/54a 2.52b/53a
.01 off
Teras Corpn. ......
Du Pont de Nemours
139
Frans-America Co.
.01 off
Eagle Picher Lead.
71*
20th Cent, Fox
Elec. Autolite g
27
Union" Bag & Paper Corp. 103*
Bec Bord & Share ....
21
Union Pacific
Elec: Bend & Share $5 pt.
57**
United Aircraft
Elec. Bond & Share $6 pt.
617
United Airlines Trans ...
84b/.84a83b/83jja
01 aff
Elec. Power & Light $7 pl.
344
United Corpsta
NEW YORK COPPER FUTURKS
July
Flintkote
12
United Corpn. $3 cum pf.
11.55b83a 11.75b/12.00% 20 up.
Gen. Electric -
29
United Gas Improvement 64
Gen Motors .....
M93
U.S. Rubber
Gen. 'Railway Signal
13
U.9. Steel
10.60b/62a 10,43b/48a 17 off
Gen. Tire & Rubber Goodrich (BF).
104*
Vanadium
10%
Vultee Aircraft
9.87b
9.70b
..17 off
Goodyear Tire & Co. ......... Great Northern Iron Ore .. Great Northern Rly, pfd.
171
Walworth Ca
14
Warner Bros. Pict
264
Westinghouse Elec.
7.57b/58a 7.48/48
11 off
Great Western Bugar
23W
Int" Nickel
25
Inter. Paper & Power Int, Tel. & Tel,
131
Woodward Iron Cor. Chase National Bank National, City Bank
21
Libby. Monel & Libby
unquoted 34-1/4 . 4.03-1/4
Jolmsman
581
4.03-1/4
DOW JONES AVERAGE
1940/41
May 13, 1941.
High Low Dow Jones Averages
1:380 111.84 30
32.67 29,15 20
Industriale
May. 10, High Low Close 117.54 117 118,96 117.14
26.45 17,31 20
Rails Utilities
99.31
28.27 28.83 28.88
17.41.
17.56 17.36 17.40
92.19
83.06 40' Bonds
99.00
12/6
68. 1 48.74 11
Commodity Index
89.11
4/-
11 1/2
£
103-13/18
1017 ย
Bibal Elec, Constr. Co. S'hal Waterworks “A” ... 15 Union Insurance
22 Gula Kalumpang Rubber 15/- Lon, Mid, & Beot, Rly. 12
16/
Great Western Rly.
334
National Bank of India 301
B.-A. Tob (bearer)
87/6
39
Dunlop 'Rubber
33/9
Bristol Aeroplane
9/101
38
Imperial Chemical Ind. 30/6
United Steel
22/3
Ready
40
Woolworths
477.
May 21 Settlement
Marammar. Investments
6/3
June 20 Settlement
$2.12
201
Western Holdings
10/6
Sub-Nigel
143/6
281
Shell TYRIL
Trad
7-9
(bearer) bla
40/71
48
12
13
Li
Hai
9
London
0/3-1/8
New York
-5-3/16
Japan
22
|S'hai-N'King Rly. 5% ... Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
14
10
TO-
India
17-1/4
Tientsin-Pukow Rly, 5%
Paris
nominal
(German Stpd.)
10
and TIENTSIN-
Hongkong
20-3/4
Tientsin-Pukow Fly, 5%
Sterling
Ballers
Spot
May....
June
Closing pening 0/3-21/64 0/3-9/32 0/3-21/64 0/3-9/32 0/3-21/64 0/3-9/32
Brit. Stpd. Bupl Loan),' 10, Tientsin-Pukow Rly. 5% (Ger. Stpd. Sup!. Lean) Jap. 8% Ster. Loan, 1924 19-22 Ger: 7% Intl. Loan, 1924 "41 Chartered Bank
10
B5
Spot
US Dollars
$5-13/32
$5-11/22
HK. & Shal Bank (Lan
Reg.)
All steamers berth alongside the Roosevelt Terminal in the French Concession st
May
5-13/32
June
5-13/32
5-11/32 5.11/32
H.K. & Shat Bank (Col.
Peg)
Shanghai, where passengers and cargo are landed.•
76}
Market: Quiet,
For further particulars.
please apply tom
Rilver Duty Rate
per cent.
The Central Bank of China's
rate on London at 10 am, today | Calcuna Exchange
was 1/2-1/24,
-The Equalisation rate #83 241
Calcutta, May 12 (Benter).
1.7. on Japan 81-1/2
SILVER MARKET
LONDON- SILVER
London, May 12 (Reuter)..
Silver-Market idle but steady.
Business Dono:-410,000 shares
LONDON METALS
EXCHANGE.
London, May 12 (Reuter).
Standard. Cash, Middle
In the afternoon, the market was Price, £270-5/8, featureless
Spot. 23-1/20.
Forward, 23-1/2d.
BOMBAY SILVER
Bombay, May 12 (Reuter). Market Steady. Offtake 200 bars,
Indian Mint Sliver
62-11 62-11
·LONDON · GOLD
London, May 12 (Reuter Bar Gold, Fine per oz., 368/-
Tin, Standard. 3 months, Middie. Price, £267-3/8.
Market quiet with only routine trading. Ministry sold Hittle cash. After hours, forwards steadier-15 tons forward at £287-3/4 paid and sellers.
FEDERAL RESERVE
RETURNS
New York, May 12 (Reuter). Apr. 29 May:8 f000's Omitted) Total Loars $ 9,870,000 $9,892,000 Investments. 17,680,000 17,709,000
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services) for Cargo and Passengers
SWATOW, SHANGHAL TSINGTAU, CHEFOO
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN #
HAIPHONG
JARDINE MATHESON&Co.,LTD TELEPHONE ZOJIL · GENERAL MANAGERS ·
K. S. Morrison, Esq.,
Hon. Mr. T. E. Bearce, Hon. Mr. A. L Shield Sir Vandeleur M. Graybura,
Chief Manager. Ex P
Muar
Patani Swatow (Johore) Tientsin Mukden Takyo New York Tsingtao Peiping Yokohama Penang
CURRENT ACCOUNTS opened
CLITE STARKT KEILA
CANTON DAWNPORI GŲ COLOMBO DEI RI BAIPHONG
HANKOW
MADKAR MANILA
NEW YORK
TONGKAN
(Bhuket)
TEINOTAL YUXURAMA" PRITING (Peking)
FOREIGN EXCHANGE and General
Banking Business transacted.
CURRENT Accotras opened and FIXED DEPOSITS' received for Dar Year or shorter periods in Local or Other Currencies" at "rates which will be quoted on application.
"SAVINGS ACCOpsta also opened cin Local Currency and Sterling with: interest allowed at rates obtainable on application,
in Local Currency and FIXED DE- The Bank's Head Office in London POSITS received for one year or undertakes Executor and Trustee sherter periods in Local and Other business, and claims recovery of Currencies on terms which will be British Income Tax overpaid, on (quoted on application.
SAFE DEPOSIT BOXES of Įvarious sizes to let.
TRUSTEE and
EXECUTOR
Hongkong, 26th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above Bank
terms which may be ascertained at any of the Agencies and Branchen.
W. H. EVANS THOMAS,
Manager.
BANK OF EAST ASIA, LIMITED
SHANGHAI BANKING OOR-Authorised Capital....$10,000,000.00
For the Hosecond & ShangHAI
Banking CORPORATION,
V. M. GRAYBURN,
Chief Manager.
ng Kong, 25th Feb., 1938,
Paid-Up Capital'.......... 3,598,600,00 Reserve and Undivided
Profits
2,083, 281.50
Hend-Office:-HONG KONG No. 10 Des Yonix Road, Central
Board of Director.
Hox. SIL SHOTION Onow, Chairman Li Koon Chan, Eaq.""""Li Lan Sang, Eng. P. K. Kwok. Esq. Wong Chu Bon, Esq.
́16, QUEEN'S ROAD, CENTRAL Wong Tu Tong, Esq. Fung Play Wah Eng.
18, PINE STREET.
NEW YORK. An American Bank offering com-
Chan Ching Shot,
KAN TONG PO, Esq., Chief,
HON, ME. LI Tax Foxa, Manager
plete Foreign Banking Service, amor in the principal Markets of the b 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.S.$3,800,000,000.
Branches and Ageneics:
Kowloos Packa
Loudon
Korilla
Hangoon Bourabers Hadgon
Melbourne en Frans, Bydney Schanka New York, sestzie Perl
Semarang Shanghai
Yamours
Every description of Banking and Exchange business transieted. Loans grauted on approved securities.
Current Acourts opened in Loes! recy and Fixed Depositari- D. L. BALLANTYNE. ·..
cRiver
for one year - or shorter Manager Peripals in Local and Foreign Cur op teruis which will re quoted on application
SAFE KRUŠIT BOXES TO LET.
KAN TONG-PO,
Chief Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offcg:-15, Gracechurch Street, London, EC3 Authorised Capital
*£1 000,000 Subscribed Capital .. Paid-up Capital q Beserve Fund and liest."
BANKERS:
The Bank of England and Midland
Bank, Ltd. BRANCHES
Bangkok fpok
Delbi
Galla
Hongkong Howww.b
Kushtan
Handy
・Karin Lampe
Kodin Tran Madrea New York
- HONG KONG BRANCH: Every description of Banking and Exchange
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN QUERENT ACCOUNTS oppond. In Loos Our reno and FIXED DEPOSITð received in Local Curratcy SVELLING on Lems that may be
D, BENSON,
ascertained on myy Hoezlom.
WANT ADS
CURREN
Trusted
..
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, 0.7
South China Offices.
KONGMOON TOISHAN KINGCHOW
CANTON SWATOW
SHIUCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.
SHOUT CHEN,
"Manager.
BATAVIA
BOMBAY
CALCUTTA
ADENCIRA:
KLANG
KOBE
117
247
Branches:
ILOILO
KANGOON
119E
SAIGON
KARACHI
SEREMBAN
SHANGHAI
BINGAPORS
SITIAWAN
JOURABAYA
LUMPUR
„TAIPING
KUCHING
TIENTS IN
Amoy
Johore
31
Bangkok
Kobe
Batavia
Kowloon
Rangoon Saigon *. San
MIDAN
15
Bomber
Kuala
Francisco
48"
Caloura Lampur Shanghai-
Canton
London
Singapore
$18
Chefoo
Lyona
Sourabaya
29
Colombo
Malacca
Sungei
91
Dairen
Manila
141
Foochow
91
Haiphong
Bankow
Harbin
251
Iloilo
Ipoh
51
+
364
5
י
18
8
398
41
51
811*
business undertaken.
......
394
10
41
213
221
541
244
is conducted by the BONGKONG
5*
41
PORATION, Rules may be obtain
jad on application.
34
874+
271
THE CHASE BANK
Change
40 of
:43 off
HEAD OFFICE:
Manager
.05 up
91.99
.00 off
67.49
.62 off
diagapor
Batavis
Hirshow
Calcutta
Halphong
Hantow donojelu
olevo Timi bu
Payisk
לי
21,800,000
£1,000,000
#1,220,839
BANK OF CHINA
Bombay
Calostia
Colombo
Keats!
Kota Bharu
Kuala Lipis
Paraps
Razgoon
Shanghai
Stre
alugapore
W