(REUTER'S SERVICE)

NEW YORK. May 20, 1941.

Prev Today's High Low Close Close Change. 13.07 12.54 12.90. 12,98 03 up

23.35 23,70

23.89 23.35 54 off 100% 99 993 991- 74 73 734 733

STOCKS

of

up

Adam, Express

Alleghany Steel Co.

Change

.08 un

Allis Chalmers

'Amer. Can

13.04/06

13.11/12

.07 up

American Cyanamid B

December

13.12/13

13.19/19

Amer. & Foreign Power

.07 up

January

13,12 N

13.19/19

.07 up

Amer & Foreign $7 pl. ...

Telegraphic Transfer.

and demand

On New York:-

Bank Blils, on demand 24 1/9 Crediis, 60 days' sight 24 7/6

On Batavia :—

On demand

Of Paris:-

... 45 1/4

Barik Bills, on demand Non

Credits 4 months' aight Nom.

March Spot

Total sales Monday"-213.300 bales.

13.19/19

13.27/27

.ca up

Amer. Locomotive

13.31

13.39

,08 up

Amer, Metals Co.

Amer. Radiator

Amer. Rolling Mill

NEW YORK RUBBER

July (New contract) September ( December { March

}

Amer. Sting and R'ing Co.

23.89/90 23,35/35 23.60/60 22.95/95 *23.10/10 22,56/57 22.70b/75a 22.15/15

.54 off

Amer. Sugar Redning

.65 off

Amer. "Tel, & Tel.

..55 of

Amer. Tobacco "B"

PAGE 10-HONGKONG DAILY

PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS MAY 21, 1941,

On London:~~

Telegraphic Transfer. 1/2 7/5 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight

On Shanghai:-

NEW YORK COMMODITY MARKET

New York Cotton: July New York Rubber, July Chicago Wheat. July Chicago Corn, July

New York Hides, June NEW YORK COTTON

On demand

445

Un Singapore:-

On demand

July

52 3/4

October

On Japan:-

On demand

-109 1/2

On India:-

82_5{S

15.15 14.95 14.82 15,14 32 up

Closing. Close 12.90/90- 12.98/99

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

MAY 21. 1941.

STOCKS

THURSDAY, MAY 22, 1941

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital....... 850,000,000

INDIA, AUSTRALIA

AND CHINA..

Issued & Fully Paid-Up 800,000,000- Incorporated by Royal Charter, 1856

Reserve Funds: Sterling

36, Bishopsgate E.0.2. Sub-Agencies In London: 11/122, Leadonball Street, E.C.s

West End Branch: " 14/16, Cockapur Street, 9, W 1 Manchester Branch:

82, Mosley Street, Macchester, 1

ALOR STAR

AGENCIES AND BRANCHES:

HONG KONO

[C0110

ТРОЯ

KARACH

PINANG

RANGOON SAIGON

SIRIMBAJ <HANGHA

Last Sale

Last Sale

May 20

May. 20

£8,500,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund

Reserve Liability of Pro- Reserve Liability of

prietors...... Proprietor

......$20,000,000 |

£3,000,000 .£3,000,000

£3,000,000

217

Kennecott Copper Libbey-Owens-Ford

HEAD OFFICE: LONDON:

37

Head Office:—HONG KONG

Glaas

291

26

Lockheed Aircraft

222

791

Loew's Inc.

281

361

Martin Glen L.

261

Montgomery Ward

321

181

National Aviation

W. H. Lock, Esq.,

71

12)

Nat, Dalry Producta

Board of Directors: „ Hon, Mr. J. J. Paterson,

Chairman.

Deputy Chairman.

131

1731

National Distillers.

J. K. Bousfield, Esq., A. H. Compton, Esq.,.

61

Nat, Power & Light

L. J. Davies, Esq.,

141

National Supply Corp.

Hon. Mr. 8. H. Dodwell,

40+

New York Central

G. Miskin, Esq..

AMRITSAR

BANGKOK

Niagara Hudson Power

21

K. S. Morrison, Esq.,

BATAVIA

149

N. American Aviation

13

Hon. Mr. T. E. Pearer,

BOMBAY

North American Co

.55 'off

Amer. Waterworks

Northern Pacthe

64

Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,

ELANO

CALOUTTA

SINGAPORE

AGENCIES:

On Balgon:-

On demand

Op Manila:-

104 1/2

On Sterling Notes:-

On demand

On Bangkok:-

On demand

Bank Buying Rate

48-1/4

July

September

149 1/2

CHICAGO CORN

Notu.

July

Bar Silver per on kii.....

23 1/2

September

NEW YORK HIDES

June....

September

Total sales for the day:-2,370 tons. The last trading day for May rubber is May 27. CHICAGO WHEAT

Monday's sales:-23,479,000 bushels.

Anaconda Copper

261

Packard Motors

Chief Manager. PARLI PLACE

GLAVE. EXT

KODE ΚΡΑΤΑ

SITIAWAN

SOURABAYA

Atchison, T. & S. Fe,

381

Paramount Pictures

LUMPUR

Aviation Corp.

Pennsylvania R.R.

Baldwin Lecometive

131

Phillips Petroleum

993/993

991/991 100/100 100/100

off

off

형형

Baltimore & Ohlo

Pullman Inc......

Branches:

Amoy

Johore Bangkok Kobe

Barnsdall Ou

Pure Of

Batavia

Kowloon

Raugoon.. Saizon Sau

Bendix Aviation

333

Radio Corph, of Am.

Bombay.. Kuala

Bethlehem Steel

71

Reading Company,

Com

Calcu

Lumpur

Shanghai

Bliss Co,

141

Remington Arms Co., Inc.

Canton

London

738/731

741/741

731/731 748/742

ཨྰཿཕ

Boeing Airplane Co.

13

Republic Aviation Corp.

31

Chelou

Lyons

Borg-Warner ...

17

Republic Steel

Columsy

-Malacca

132.

Singapore Sourabaya Sunge!

American

for

cross.

July

Market Report

FROM ROZA BROS.

Wednesday, May 21.

Silver prices wire unchanged

yesterday. the quotations remain.

lng at 23.1/2 for Ready and 23.7/16 The last trading day for May cocoa is May 22. for Forward, Sliver advices report.

ed the market as being steady NEW YORK SUGAR NO. 3

with no business done.

Silver was quoted "at 34.3/4

Spot

Volume of business done:-149 lots. The last trading day for No. 3 Surer is May 23. The London/New York rate was "qunted at 402.1/2 New NEW YORK SUGAR NO. 4 York London was quoted at 403

Briggs Mfg."

191

Reynold Tobac. "B"

Dairen

291

Foochow

Budd M'facturing Corp.

31

Schenley Distillers

14.82/82

15.14/14

.32 up

Jaiphong

Canadian Pacific R'way

34

Shell Union Oil

Barko

15.05/05

15.30/31

.25 up

Celanese

201

Socony-Vacunum Ol

Harbia

Total sales for the day:-191 lots.

Chesapeake & Ohlo

35

Southern Pacifc

113

Iloilo

NEW YORK COCOA

September

Chrysler Corpn.

561

Southern Rly $5 prd.

Ipoh

Columbia Gas & Elec.

24

Spicer Manufacturing Co.

281

7.83 N

7.78 N

.05 off

Commercial Credit Co.

Standard Brands

Com, & Southern (Ord.)

Stand Gas & Elec.

Consolidated, Edison

177

Standard Ou of N.J.

378

July

September

2.42b/44a 2.45b/463 2.48b/47a 2,49b/50a

03 up

Consolidated Ou

Studebaker Com

4*

.03 up.

Copperweld Steel

141

Swift International

Curtiss Wright (C.)

'

Technicolor

Douglas Aircraft

663

Texas Corpn.

401

Du Pont de Nemours

1431

Trans-America Co.

Eagle Picher "Lead

20th Cent. Fox.

.84b/.85a .894b/.84a

Elec. Autolite

261

Union Bag & Paper Corp.

.00% off

1/4.

Dull

Elec Bord & Share

26.

Union Pacific "..

MARKET

STERLING

NEW YORK COPPER FUTURES

July

"Elec, Bend & Share $5 pl

United Aircraft

381

to

NEW YORK COTTONSEED OIL

July

any

11.75b/05a 11.75b/950

10.30b/83a 10.81b/82a

unen.

Elec. Band & Share $6 p. 50ł

Jalted Airlines Trans

Elec. Power & Light 57 pf

United Cerpn

Pintrote

.01 up

Gen. Elect de

NEW YORK LARD

September

Gen Motors

10.07/07

10.15b

.08 up

Gen. Rallway' Signal.

Gen. Tire & Rubber

Goodrich (BF)

7.08/08 7.07b/09 a

.01 off

Goodyear Tire & Co.

Great Northern Iron Ore

Great Northern Rly, pfd.

Great Western Sugar

Int Nickel

4:03-1/4

Inter. Paper & Power Int. Tel, & Tel: Johnsman

69.76 48.74 11

There were sellers at 1/3 up July, buyers at 1/3.1/32 for

delivery,

U. S. DOLLARS

Nothing doing. There were sell-NEW YORK BLACK PEPPER" ers at 24.1/2 for near and forward. buyers at 24.9/16 for Cash.

SHANGHAI DOLLARS

Opened with sellers at 453 with last business done subsequently at 454. 1.4. The market closed with' probable sellers at 454.1/2. buyers at 455.

41

SHANGHAI MARKET Sterling opened with sellers at 3.5/18 and closed with sellers at 3.10/64

Dollars for Spot. S. opened with sellers at 5.13/32 and closed with sellers at 5.3/8 for Spot

Shanghai Exchange

September

The Firat Notice Day for September black pepper is Aug. 26 and

trading day is September 23.

'NY. Offelal Süver

N.Y.-London Cross Rate

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London. May 25. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no

Shanghai, May 21 (Reuter).responsibility is assumed for exrors

Official TT Rates

London

New York

Japan...

India

Paris

Hongkong

Sterling

Sellers

Opening Closing

in transmission.

3

34-3/4- 34-3/4 4.03.1/4

H.K. Stock Exchange

BUYERS

Bank of East Asia, $71. Indo-Chinas (Prei.), $80. Realties, $2.70. Lights (0), $5,70, Ropes, $6.50... Entertainments, $6.25.

-SELLERS

Providents, $5.15.

Lane Crawfords. $7.25.

HONGKONG.

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted"

on Wednesday, May 21, 1941.

SALES

37 31.00

The total value is $2,697,00.

||

RUBBER QUOTA

Opening

0/3-3/16

5-3/16 22 17-5/8 nominal

War Lain, 3% (Red.

after 1952)

103-5/16.

Defence Loan, 3%

Canton-K'loon Rly. 5% Chinese 4% Gold Luan

-1013

9

SALES

Union Ins., $405,

21-1/8

1898 Brit Issue) Chinese 5% Gold Bonds.

1925/47

39

Providents, $5.10.

Lands, $31.

38

Spot

0/3-5/18

0/3-19/64

Chin. 44% Anglo-Freneb

Loan 1908

Macao Electrics, $18.60.

Cements, $13.50)

May

0/3-5/18

0/3-19/64

Chinese 5% Crisp Loan

June

0/3-5/18

0/3-19/64

1912

201

U.S. Dollars

"

Spot

$5-13/32

$5-13/32

Chinese 5% Reorg, Loan.

1913 (Edn. Is.)

28

May

5-13/32

June

Chinese. 8% Ster. Noter.

1925 (Vickers)

7-9

Chin. Imperial Rly, 5%

Loan

48

Honan Rly, 5%

12

Hukuang Rly 5%, 1911...

¡H.K. Lands

(L.P. N/Y Issue)

13

Hukuang Rly. 5%, 1911

German Issue)

11.

Lung Taing & U: Hal-

Rip 5% 1913

9

8'hal-N'King Rly. 5%

14:

Tientsin-Pukow Rly. 5%

(Brit. Stpd.)

.10

Tientsin-Pukow Rly. 5%

(German Stpd.) Tientsin-Pukow Rly, 5% (Brit. Etpd. Supl, Loan) Tientsin-Pakow Rly. 5%

(Ger, Stpd, Supl. Loan) ... 10 Jap. 6% Ster, Loan, 1924 21-234 Ger. 7% Intl. Loan, 1924 Chartered Bank

10

10

Union Insurance

22"

Gula Kalumpong Rubber 157- Lon., Mid, & Scot., Rly. 12

5

Great Western Riy.

334

87

National Bank of India 311

H.K. & Shai Bank (Lân

Reg.

B.-A, Toh (bearer)

88/9

74

Dunlop Rubber

32/6

K. & Bhai Bank (Col Bex)

Bristol Aeroplane

9/101

76+

Imperial Chemical Ind. 30/9

82-01

62-09"

62-10

Chinese Eng. & Mining

(bearer) Chosen Corporation .... Mercantile Bank of In-

dia. £5. "G" Pekin Syndicate 8'hal Elec, Constr. Co. Bhai Waterworks "A"

United Steel

22/104

12/6

Woolworths ......

48/3

41-

Marxman Investments

6/3

Western Holdings

11/-

11"

Bob-Nigel

143/9

1/

hell Tran... & Trad

101-

(bearer)

40/7)

15

*bid

5-13/32 5-13/32 .5-13/32

Market: Quiet.

Caleun Exchange

Calcutta, May 20 (Reuter). 17. on Japan, 81-1/2 India Rupee Paper

Bombay, May 20 (Reuter). Govt. 34% Rupee,- $95-04-0.

SILVER MARKET LONDON SILVER

".

London, May, 20 (Reuter), Sulver-Smal trade order was covered from production selling. Market steady. In the afternoon, the market was steady with no business.

Spot, 23-1/2d. Forward, 23-7/164.

BOMBAY SILVER Bombay, May 20 (Router). Market Steady. Offtake 100 bars.

Indian Mint Silver

May 21 Settlement June 20 Settlement

LONDON GOLD

London, May 20 (Reuter). Bar Gold. Fine per o., 168/-

Ready

LONDON, May 21 (Reuter)The International Rubber Regulation Committee has fixed the quota for the third quarter at 100 per cent. unchanged.

1940/41

Low Dow Jones Averages High 16280 111.64 30 Industrials

32.67 22.15 20 26.45 17.22 20 -92.19 83.08 40

LONDON STOCK

EXCHANGE

LONDON, May 21 (Reuter)

In the Stock Exchange yesterday.

encountered

selective

91.37 89.3! Business Done: 470,000 shares

LONDON METALS

TYL

EXCHANGE

London, May 30 (Reuter).

Middle Standard. Cash,

the turnover was moderate and In- Price, 287-5/8; dustrials

Tin, Standard. 3 months, Middle buying for Investment with fur-Price £286-5/B, ther enquiry in Textile preference issues,

Market" quiet and depressed in anticipation of continued curtall- exports to the United

Shipping continued the upwardment of trend, chief interest being centred States. After hours--5 tons at un-

on Indo-China. Deferred which changed prices.

advanced from 953. to 102s. 6d.

Gult-edged showed fractional

losses, Foreign bonds were mainly Argentine issues. Kamirs were Arm. Japanese bonds attracted Arm,

more attention and also certain Wall Street was lethargin

11

SAFE DEPOSIT BOXES

Pelping

Bemarang

Shanghai

Every description of Banking and This Bank is entirely owned by Exchange business transacted. Loan THE CHASE NATIONAL BANE granted on approved securities. NEW YORK, with Resources of Current Accounts opened in Loos over U.S.$3,800,000,000.

Unrrency and Fixed Deposits re

shorter ceived for one year or Manager, perioda in Local and Foreign Cur

rencies

terma which will be quoted on application.

SAFE DEPOSIT BOXES TO LET

D. L. BALLANTYNE,

WANT-ADS ARE SURE!

INDO-CHINA

STEAM NAVIGATION COMPANY. LTD.

Operating Services for Cargo and Passenger

Ta

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, whore pausengera and cargo are landed.

.For further particulara please apply to...

JARDINE MATHESON&Co.,LT TELEPHONE SOZIL GENERAL MANAGERS

an

KAN "TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00 (BEANCHES 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

SWATOW

KONGMOON TOISHAN

SHIUCHOW KINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Hom and Abroad."

BHOU J. CHEN,

Manager.

United Corpn. $3 cum pt.

291

United Gas Improvement

381

U.S. Rubber!..

5

131

Ú.S. Steel

Vanadium

Vultée Aircraft

17

Walworth Co.

144

Warner Bros. Pict.

26

Westinghouse Elec.

90

PI

Woodward Iron Cor.

281

241

Chase National Bank

291*

21

National City Bank.. Libby, Moneill & Libby

THE CHASE. BANK

DOW JONES AVERAGE

goza

May 21, 1941.

116.15

Raila Utilities

27.82

May. 19, High Low Close 117.78 118.31 117.65 28.25 27.77 28.25

Change 7.30 up

HEAD OFFICE:

.43 up

17.30

17.41

17.20 17.31

.01 up

Bouds

91.31

Commodity Index

69,35

.06 up .04.oft

Manila

-Muar

DELAI

Francisco HAIPHONG

Patani Swatow (Johore) Tientsio Mukden Tokyo New York Tsingtao Peiping Yokohama Penang

CURRENT ACCOUNTS opened

SANTOW

MIDAN

NEW YORK

(Bhuket)

ISINGRAU

YOKOHAMA

PLIFING (Peking)

FORTION EXCHANGE and General Banking Business transacted.

CURRENT 4000ures opened and FIXED DEPOSITS received for One Year or shorter periods in Local di which Other Currencies at rates will be quoted on application.

SAVINGS ACCOUNTs also opened in Local Currency and Storling 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 Trustes shorter periods in Local and Osher business, and claims recovery of Currencies on terms which will be British Income Tax overpaid, on

quoted on application.

SAFE DEPOSIT BOXES of various sizes to let."

TRUSTEE and EXECUTOR business undertaken. Hongkong, 28th February, 1941.

HONGKONG SAVINGS

BANK

terms which may be ascerta died at any of the Agencies and Branches.

W. H. EVANS THOMAS,

Manuger.

BANK OF EAST ASIA:

. LIMITED

The Business of the above Bank conducted by the BONGKONG SHANGHAI BANKING COR- Authorised Capital......$10,000,000.00 Paid-Up Capital 5,508,600.00 Reserve' and Undivided"

PORATION. Rules may be obtain ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1839.

Prosts

..2,983,281.50

Head Office:-HONG KONG No. 10 Des Voeux Road, Central

Board of Director..

HON. SIE SAOUSON CHOW, Chairman

Li

Koon Chun, Esq. Li Lan Sang, Eng. P. K. Kwok, Esq. Wong Chu Son, Esq

16, QUEEN'S ROAD, CENTRAL Wong Tan Tong, Esq. Fung Ping Wah Esq.

18, PINE STREET.

NEW YORK.

An American Bank offering com-

Chan Ching Shuk, Bag,

KAN TONG PO, Esq., Chief 'Manager HON. MR. LI TE FONO, Manager

plete Foreign Banking Service Amoy

in the principal Markets of the Batavia, world.

4

Interest Rates on Application.

Bombay

Calentia

Halpeons Hadkow

Honolulu

AULT

Branches and Agencies:

PooLog dlagsporo Rangoon Bourabays Kanile Raiger awałow Malbourne Bar Fras. Sydney Nagraks

cisco Tiunta

New York Seattle Yancouve

CANTON JAWNPORK CEDU COLOM

TAIPING

KDOHING

TIENTAIN

MADRAS

TONGKAR

MANILA

Kowloon

Condos

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