High Low
13.10 12.85 24,50 24.25 100 961 741 727 14.97, 14.80
Prey Today's
Close Close
12.85 12.90 24.55 24.48
953 729 73 14.83b 14,97
Change
103 up 07 0 40 991
Close
Closing
up 1 up .14 up Change
STOCKS
Adams Express
Alleghany Steel Co.
Allis Chalmers
12.80/80
12.93/93
13 up
Amer. Can ...........
12.85/35
12,90/95
.05 up
American Cyahamid B.
12.98/06
13.07/08
.11 up
Amer, & Foreign Power....
13.02/05
13.09/13
1.07 up
Amer Foreign $7 pf.
12.97/97
13,11 N
.14 up
"Amer. Locomotive
13.09/08
13.22/25
Amer. Metals Co.
13.26
13.31
.05 üp
Amer. Radiator
Amer: Rolling Mil
On Batavia :--
On Faris:-
On demand
Bank Bills, on demand Nor Credits 4 months' sight Nom.
45 1/4
NEW YORK RUBBER
May July
(New contract) September (
}
December
z
>
་་
Tel.
Amer. S'ting and R′ing Co., 384 Amer, Sugar Redning Amer. Tel,
PAGE 10--HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS MAY 15, 1941.
On London : minn
Telegraphic Transfer, 7/8 Bank Bills, on demand 1/2 7/8. Credits 4 months' sight
On Shanghai:--
On demand
Un Singapore:-
On demand
On Japan:-
NEW YORK COMMODITY
(REUTER'S SERVICEY
NEW YORK, May 14, 1941,
New York Cotton, July New York Rubber, July Chicago wheat. July Chicago. Corn, July New York Hides, June NEW YORK COTTON
445
.......... 52 3/4
May July
October
On demand
Transter.
+82 6/8
January March Spot
On India:-
Telegraphic
and demand
On New York:-
............ 102 1/2
Bank Bills, on demand 24 1/8
Credlis, 60 days' "sight 24 7/8 ·
December
Total sales Tuesday:-321,000 bales. The last trading day for May cotton is May 18.
MARKET
כט 14
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
MAY 15, 1941.
Last Sale
STOCKS.
FRIDAY, MAY 16, 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| Incurporated by Royal Charter, 1853
Reserve Funda:
£6,500,000 Paid-Up Capital B.K. Currency Reserve $10,000,000 Reservs Liability of Pro
Reserve Fund
prietors
$20,000,000
Head Offeè:-HONG KONG
£3,000,00 £3.000.00
....£3,000,00%
HEAD OFFICE: LONDON
38, Bishopsgate E.C..
Sub-Agencies In Lundua 117, 122, Leadenhall Street, E..
West End Branch: 14/18, Cockapur Street, S.WI
·Manchester Branch:... = s2, Mosley Street, Manchester, #
ALOR STAR
AGENCIES AND BRANCHİS
EONE LOT PINANG ILOILO
IPOK
AMBITSAR
Sterling
Last Sale
Reserve Liability of
May 14
May 14
Proprietor.............
57
21:
Kennecott Copper Libbey-Owens-Ford
348
Glass
311
281
Lockheed Aircraft
221
80
Loew's Inc.
291
364
Martin Glen L
282
Montgomery Ward
321
Board of Directors: Hon. Mr J. J. Paterson,
W, H. Lock, Esq.,
181
National Aviation
71
Chairman,
Deputy Chairman,
128
Nat, Dairy Products
127
J. K. Bousfield, Esq.,
171
National Distillers,
181
4. H. Compton, Esq.,
61
Nat Power & Light
*
L J. Davies, Esq.,
131
National Supply Corp.
51
Hon. Mr. S... Dodwell,
New York Central
121
. Miskin, Esq.,
151
Niagara Hudson. Power
21
K. 3. Morrison, Esq...
1491
N. American Aviation
121
24.55/55 24.48b/50a
.07 off
Amer. Tobacco "B"
05
North American Co
13
24.008/05a 23.99/99
01 off
Amer, Waterworks
4+
Northern Pacific
23.70/70
33.85b/69a
.05 off
Anaconda Copper
251
Packard Motors
24
2335 N
23.30 N
..05
of
Atchison, T. 8. Fe.
284
Paramount Pictures
On Salgón:-
On demand
104 1/2
Ob Manila:~~~
On demand
........... 43. 1/4
On Bangkok:~
July
On demand
149 1/2
On Sterling Notes:-
Bank Buying Rate
Bar Silver per or
Nom. 23.172
July
cross-
May July
Dull.
any
- STERLING There were sellers at 1/3 up to NEW YORK COPPER FUTURES July, buyers at 1/3.1/32 for delivery.
Market Report
- FROM ROZA BROS.
- Thursday, May 15,
The price for Ready Silver rose!
1/16 yesterday to 23.1/2 but the
Total sales for the day:-1,370 tons. The last trading day for May rubber 19 May 27. CHICAGO WHEAT-
September........
Tuesday's sales:-14.536.000 bushels.
CHICAGO CORN
September
NEW YORK HIDES
Total sales for the day:
Forward rate was unchanged at NEW YORK COCOA
23.1/2. Silver advices reported the
market as being quiet. American
September
7.78 N The last trading day for May cocoa is May 22.
Silver was quoted at 343/4 for NEW YORK SUGAR NO. 3 Spot.
The London/New York rate was quoted at 402.1/2. New York/London was quoted at 403.
MARKET
The last trading day for No. 3 Sugar is May 23. NEW YORK SUGAR NO. 4 --
Aviation Corp.
Pennsylvania R.R.
241
Granebes:
Baldwin Lecometive
138
Phillips Petroleum
411
Amoy
Baltimore & Oblu
31
Pullman Inc....
25-
Bangkok Kobe
Saigon
Barnsdall 011
91
Pure O..........
93
Batavia Kowloon San
958/95) 991/994 96/961
100/1001
B ន
**
Bendix Aviation
341
Radio Corp. of Am, ................
32
Bombayuals
Francisco.
Bethlehem Steel
701
Reading Company,
Com
15
Calcu
Lampar Shanghai
Bliss & Co..
147
Remington Arms Co., Inc.
14*
Canton London
Singapore
Boeing Airplane Co.
131
Republic Aviation Corp.
31
Chetoo
Lyons
Borg-Warner
17#
Republic Stes
Colout
Malacca
173
Sungel
T23/723 738/733 731/731 748/747
#
up
99
Briggs Mfg.*..................
19
Reynold Tobac. "q"
Dairen
Manila
284
Fooshow
Patani Swatow
Budd M'facturing Corp.
4
Schenley Distillers
9
Canadian Pacific R'way
31"
Shell Union Ou
147
Bankow
Mukdeo Tokyo
June...
September
14.83b90a 14.97/97 15.00b/048 15.14/14
-269 lots.
Celanese
21+
Socony-Vacunum Of
91
Harbin
.14 up
14 up
Chesapeake & Ohlo
35
Southern Pacific
.112
Iloilo
Chrysler Corph.
581
Southern Rly $5 pfd. ......
237
[poh
Colunibla Gas & Elec...
22
Spicer Manufacturing Co.
304
Commercial Credit Co.
22+
Standard Brands
58
7.83/82
.04 up
Com, & Southern (Ord.)...
'
Stand Gas & Elec.
+
Consolidated Edison
181
Standard Oul of N.J.
388t
Consolidated 0
61
Studebaker Com
47
Copperweld Steel
144
Swift International
171
Hoa. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
Chief Manager.
Johore Rangoon
Muar
Sourabaya
Haiphong (Johore) Tientsin
New York Tsingtao Peiping Yokohama
Penang
CANTON
JAWNPORN
COLOMBO DIGIT
AIPHONG.
HANKOW
MANILA
MEDAN
NEW YORK
TONGKAN
(Bhukos) TSINGTA
YOKOHAMÁ
PIPING (Peking)
FORMION EXUHANG and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPOSIT received for One. Year or shorter perioda in Local si Other Currencies at rates which will be quoted an application.
SAVINGS ACCOUNTS also opened la Local Currency and Sterling w interest allowed at rates obtainable
CURRENT ACCOUNTS opened 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 sherer periods in Local and Other business, and claims recovery Currencies on terms which will be British Income Tax overpaid, on
MANGOON
ΠΑΝΑΚΟΣ
BAIGON
BATAVIA
BIBEMBAX
KARACHI
BOMBAY
SHANGHAI
CALCUTTA
AGENCIES:
KLANG
KOB
SINGAPOEL
51TIAWAN
Olaya Senaat. "KUALA
Fist Pric
SOUKARAYA
LUMPUR
TAIPING
KUCHING
TIENTSIN
MADRIS
of a
2.49b/50a 248b/49a 2.52b/53a 2.52b/53a
.D1 off
ucch.
Curtiss Wright (C)
&
Technicolor
8*
quoted on application.
terms which may be ascertained at
Douglas Aircraft
68
Texas Gorpn.
39+
Volume of business done:-112 lots.
Du Pont de Nemours
1403
SAFE DEPOSIT BOXES various sizes to let
of
Trans-America Co
44
Eagle Picher Lead
8
20th Cent. Fox.
5*
TRUSTEE and EXECUTOR business undertaken.
any of the Agencies and Branches.
W: H. EVANS THOMAS,
Manager.
Elec. Autolite
26+
Union Bag & Paper Corp.
102
July
.85b/85 8515/86ła" .004 up
Bec Bond & Share
21
Union Pacific
801
Elec. Band & Share $5 pl.
57
United Aircraft
384
"Elec. Bond & Share $6 p.
U. S. DOLLARS
10.73/73
buyers
September
11,80b/88a 1177b/95a
10.84/84
9.82/80 10,00 A
7.38b/39a 7.27b/30a
03 off
Elec, Power & Light 37 pf.
allatrate
.11 up
Gen. Electric
Gen Motors
Gen. Railway Signal
20 Up
Gen. Tire & Rubber ...
Goodrich (BF.)
.11 off
Goodyear Fire & Co.
༔4
The First Notice Day for September black pepper is Aug."26 and
trading day is September 23. N.Y.. Official Silver NY-London Cross Rate
Great Northern Iron Ore ..
Great Northern Rly, pfd.
34-3/4 34-3/4 4.03-1/4
4.03-1/4
Great Western Sugar Int Nickel
Inter. Paper & Power
July NEW YORK COTTONSEED OIL
July No business was reported. There were sellers at 24.3/8 for near and NEW YORK LARN
at September
forward with smali 24.7/16 for forward and probably NEW YORK BLACK PEPPER.. for near.
SHANGHAI DOLLARS
456.3/4 last Opened with sellers at with small business done at 457.174. The market closed at lunch time with sellers at 457.1/4. buyers at 457.3/4,
SHANGHAI MARKET
Sterling opened with sellers at LONDON STOCK | LONDON METALS
3.9/32 and
then eased off to
3.17/04. At the close there were "seliers again at 3.9/32 for Spot, U. 8. -Dollars opened with sellers
at 5.11/32 and then receded to At the close there were .5.5/16. "sellers at 5.11/32 for Spot. Quiet.
AFTERNOON MARKET
Quiet,
STERLING
EXCHANGE
(REUTER'S SERVICE) ·
London, May 14.
The following quotations are the middle prices at the close of the
EXCHANGE
London, May 14 (Reuter). ..TILL -Standard, Cash, Middle Price, £270-1/8,
Tin, Standard, 3 months, Middle Price, £287-7/8.
Market quiet. Ministry has re-
market in London. All quotations duced cash selling limit to £271- are subject to confirmation and no 12 but this is still above private responsibility is assumed for errors offers,
Clused with sellers at 1/3 up ton transmission. July, buyers at 1/3.1/32 for Cash.
U. S. DOLLARS
Steadler. The market closed with sellers at 24.7/16 for near. buyers at 24.1/2 for Cash,
SHANGHAI DOLLARS Closed with sellers at 457.1/4, buyers at 457.3/4.
SHANGHAI MARKET Sterling closed with sellers at 3.9/32 and U. S. Dollars at 5.11;32 for Spot.
Shanghai Exchange
Stranghai, May 15 (Reuter)."
Official T.T. Rates
London
New York
Japan
India
Parts
Honzkong
Spot
May
June
Spot ..... May ...... June
Sterling
器
103-5/8
War Loan, 31% (Red,
after, 1952) Defence Loan, 3%..
1017 Janton-Kloon RJ. 5% 9 Chinese 4% Gold Loan.
1898 (Brit. Yasue) ..... Chinese 5% Gold Bonds.
1925/47
Chin. 41% Anglo-French
Loan 1908
39
ཐཱ 8,;
38
40
Chinese 5% Crisp Loan.
1912
20+
Chinese 5% Reorg, Loan
1913 (Ldn. 18.)
281
Chinese 8% Eter. Notés,
1925 (Vickers)
7-9
Opening "
Chin. Imperial Rly, 5%
0/3-1/8
Loan
5-3/16 22
inan Rly, 5%
Hukuang Rly 5%, 1911...
17-1/4" nominal 20-3/4
(L.P. N/Y Issue) Bukuang Rly. 5%. 1911
(German Issue! Lung Tsing & U. Hat
Rly. 5% 1913 ...
Sellera
pening Closing
0/3-9/32 0/3-9/32 0/3-9/32 0/3-9/32 0/3-9/32 0/3-9/32 US Dollari
$5-11/32 $5-11/32 5-11/32" 5-11/32 5-11/325-11/32,
Market:-Quiet,
Silver Duty. Rate
The Central Bank of China's rate on London at 10 am, today was 1/2-1/2d. engl
The Equalisation rate was 244 per cent.
| 8′hai-N'King Rly. 6%
Tiêntain-Pukow Rly."6%
(Brit. 8tpd.) Tientsin-Pukow Rly. 5% (German Stpd.) ...... Tientsin-Pakow Fly 5%/%
Brit. Stpd. Bupt. Loan) 10 Tientan-Puko Rly, 5%
10
(Ger. Stpd. Supt. Loan) 10 Jap. 6% Ster. Loan, 1924-23 Ger, 3% Intl. Loah, 1924 ** 5+. Chartered Bank.....
Demand improved but
averseas steadiness kept sellers re- served, hence business restricted and mainly confined to forward. After hours-40 tons at unchanged prices.
LONDON STOCK EXCHANGE
LONDON, May 15 (Reuter) -
A generally firm undertone was maintained on the London Stock Exchange yesterday, with Kars, coppers and olis encouraged by details of wasting assets allow- ances announced in the Finance Bill.
Industrials were steady to firm, with useful gains by breweries and Unilever, while Dunions partially recovered after losing 1/- on a 10
per cent. distribution against 12
per cent. last year.
Japanese
bonds
Int. Tel. Tel Johnamman
1940/41
High Low Dow Jones Averages 152.80 111.84 30 Industrialé
Rails 3287 22,16 20 ∙26.45 · 17.31 20 Utilities
99.10 83.06 40- 68.34 48.74 11
SİLVER MARKET RESERVE BANK OF
LONDON SILVER
London, May 14 (Reuter). Silver-Small trade buying was by production selling. Market qulet.
satisfied
Spot, 23-1/24.
Forward, 23-1/2d.
BOMBAY SILVER · Bombay, May 14 (Reuter). Market Quietly steady. Offtake 100 bars.
Indian Mint Silver Ready ..... May 21 Settlement June 20 Settlement
INDIA STATEMENT
Calcutta, May 14 (Reuter).
May 2 May 9
Notes in circulation (including Notes heid in the Bank-- ing Department)... 23,070 28,500 Rupee Coln Bullion
in India... Gold Coin and" Bul-
lion in India Securities (Indign
Government)
62-04
Securities
82-04
62-06
(British
3,616 3,546
4,441" 4,441
9,132 8,132
Government)....... 10,879 11,379
(Figures in Lakhs Rupees)
SHANGHAI BANKING COR-Authorised Capital.....$10,000,000.00 PORATION. Rules may be obtain- Páid-Up Capital
For the Hungzong & SHANGHAI
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb. 1920.
THE CHASË BANK
13. QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET.
NEW YORK.
Reserve and Undivided
Profits
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director.
HON. SIR SHOUSON CHOW, Chairman Li Koos Chas, Enqu Li Lan Jang, Eng. P. K. Kwok, ........ Wong Chu Son, Beq Wong Im Tong, Esq. Fung Ping Wah Esq. Chan Ching Shok, Esq.
KAN TONG Po, Esq, Chief Manager HON. MR. LI Tax Foxo, Manager
An American Bank offering com
plete Foreign Banking Service Amoy in the principal Markets of the Bombay world.
SAFE DEPOSIT BOXES
· Branches and Agencies:
Pens
singapore Mangoon Saurabaya
Belgon Baktow
dad Fax- dydssy
olaco PontELLA
Bemarang
Shanghai
Every description of Banking and, This Bank is entirely owned by Exchange business transacted. Lons THE CHASE NATIONAL BANE,grauted on approved securities.
Naw Youx, with Resources of over U.S.$3,800,000,000.
D. L. BALLANTYNE,
Manager,
WANT-ADS are Seen!
--INDO-CHINA
among foreign issues, which, gen-
erally, were m
Wall Street was dun
LONDON GOLD
London, May 14 (Reuter). Bar Gold, Fine per o., 188/-
Current Accounts opened in Lost Currency and Fixed Deposita re ceived for one your or shorter periods in Local and Foreign Cur rencies on terms which will be. quoted on application.
SAFE CEPOSIT Boxes To LIT.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS ANTAAN INTERNATIONAL - EXCHANGE BANK
STEAM NAVIGATION COMPANY LTD. PAID-UP CAPITAL $40,000,000.00
Operating Services for Cargo and Passengers
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
-KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
*SANDAKAN
HAIPHONG
All steamers borth alongside
B2
H.K. & S'ha! Bank (Idn
Regi
Union Insurance 4. 22 Gula Kalumpong Rubber 15- Lon., Mid, & Scot.. Rly. 128 Great Western Rly. 339 National Bank of India 304 B.-A. Tob (beater)
88/9
721
Dunlop Rubber
347-
HE, 8hal Bank (Col
"Erg).
Bristol Aeroplaize
9/104
76
Chinese Eng. & Mining
Calcutta, May 14 (Reuter)... TT on Japan, 81-1/3-2/
է
(bearer) Chosen Corporation Mercantile Bank of In-
dia. 85, "G
12/8
4/
Imperial Chemical Ind. 30/74 United Stéck MMM 22/0 Woolworths. 4777) Markinat. "Investments Western Holdings 12h./ Sub-Nigel .....
the Roosevelt Terminal, in the "French Concession at Shanghai, where passengers And cargo are landed. #k
78/3 2/
11/- 145/-
Trad.
S'hal Elec. Conrtř. Co.
41/3
Fax dre
Calemus Exchange
India Rupee Paper
Bombay, May 14 (Reuter). Govt. 31% Rupee. 95-08-0.
*ekin Syndiente
haf Waterworks "A"
Shell TraD-
bearer).
For further particulari
please apply tom.
JARDINE MATHESON&Co.,LTD. TELEPHONE KOJIIÚ GENERAL MANAGERS:
(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 Offices...
CANTON PA
SWATOW SHIUCHOW
KONGMOON TOISHAN KINGOHOW
We also handle the issue of Bonds and other Public Funds of the. Chinese Government both at Home and Abroad & farm LIBHOLL J. CHEN,
Manager.
63
United Airlines Trans
Di
United Corpn.
|Hongkong. 28th February, 1941.
HONGKONG SAVINGS
BANK
124
United Corpn. $3 eum pt.
21
291
United Gas Improvement
7
BANK OF EAST ASIA. LIMITED
The Business of the above Bank
381†
U.S. Rubber
.221
is conducted by the BONGKONG
·13+
U.S. Steel
531
#10
Vanadium
23%
12)
Vultee Aircraft
IEE
ed on application.
1777
Walworth Co.
5,598,800.00
2,983,261.80
14
Wamer Bros. Pict
31
BANKING CORPORATION.
28
Westinghouse Elec,
89
231
Woodward Iron Cor
267*
247
Chase National Bank
13
National City Bank
29.4* 251
21
Libby. Monel & Libby
581*
DOW JONES AVERAGĖ
May 15, 1941. May. 13, High Low Close
117.21
117.36 118.67 117,01
Change .20 of
28.73
29.84 28.17 23.27
46 of
17.38
17.50 17.40 17.44
Bonds
01.83
Commodity Index
68.34
01.01.- 69.18
,06 up .92 off 1.42 ap
Batavia
Business Done:-320,000 shares
Interest Rates ön Application,
Karloos
Laudon
Mari
Caletta
Haiphong Haskow doncjalis
ALL
Melbourne
len Paris Pelpso
York
J