N'
MONEY AND EXCHANGE
NEW YORK COMMODITY MARKET
(REUTER'S SERVICES
Prev. Today's
High
On Shanghai:--
On demand
440
on Singapore:-
•
On demand
59 3/4
On Japan:-
July.. October
On demand
102 1/2
December
On India:
January
March
May
Spot
Closing
LOW Close Close Change
19.15 13.25
13.17 13.17 22.75 2240 22.625 22.40 ,12 off 862 95Į 903 054 1 of 744 74 -741 741
off
14.47
15.08 14.35b 73 off 14.40
Close
unch.
STOCKS
Adams Expres Alleghany Steel Co.
Change
Allis Chalmers Amer. Can
American Cyanamid B
PAGE 10 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
CLOSING QUOTATIONS NEW YORK, May 28, 1941.
MAY 29, 1941.
On London:-
Telegraphic "Transter. 137/ Bank Bills, on demand 1/2 7/8 Credits. months' sight
New York Catton, July New York Rubber, July Chicago Wheat, July Chicago Com. July New York Hides, Junte
NEW-YORK COTTON
NEW YORK STOCK EXCHANGE
QUOTATION
"-(REUTER'S „SERVICE)
MAY 29, 1941.
Last Salt
STOCKS
FRIDAY, MAY 30, 1941.
BANKS
| HONGKONG, & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital
1850,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 1850
Reserve Funds: Sterling
May 28
53
214
Kennecott Copper Libbey-Owens-Ford
Last Sale
May 28
35†
£6,000,000 Paid-Up Capital B.E. Currency Reserve $10,000,000 Reserve Fund
Reserve Liability of Pro- Reserve Liability of
prietors.... $20,000,000 | Proprietors
£3,500,000 £3,000,000
Glass 2811
Head Office:-HONG KONG
25*
Lockheed Aircraft
221"
79
Loew's Inc.
23k
FMartin, Gien . Co
--27}
13.17/18
13.17/18
unch.
Board of Directors: Hon. Mr. J. J. Paterson,"
Amer. Foreign Power
Montgomery Ward
13.32/32
13.38/38
.06 up
331
Chairman.
13.40/41
13.43/44
09 un
Amer & Foreign $7 pf.
174
National Aviatión
8
Amer, Locomotive Co.
13.39 N
13.39 N
unch.
112
Nat. Dairy Products
W. H. Lock, Esq.,
127
45 1/4
On Paris:-
On Saigon
On demand
Un Manila:-
On demand
Telegraphic Transfer. /
and demand ............
On New York:-
Bank Bills, on demand 24°1/8
Credlis, 60 days' sight 24 7/8
Un Batavia--
On demand
Bank Bills, on demand Nom. Credits 4 months' dight Nom.
Total sales Tuesday:92,200 bales
NEW YORK RUBBER
13.40/40
13.39/39
.01 off.
Amer. Metals
17
National Distillers
Deputy Chairman.
19
J. K. Bousfeld, Esq.,
13.38/38
13.58
3.36/36 13.58
02 of
Amer. Radiator
Nat. Power & Light
57
unch.
Amer. Rolling Mi
132.
National Supply Corp..
A. E. Compton, Esq.,
51
J. Davies, Esq.,
Amer. Sting and R'ing Cc.
397
New York Cential
ALOR STÅR
£3,000,00 HEAD OFFICE: LONDON: "
38. Bishopsgate E.C.2. Sub-Agencies In London:"
117/122; Leadenball Street,” E.C.& West End Branch:
22
14/16, Cockspar Street, S.W1 Manchester Branch:
5. Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES
HONG KONG PENAKO
12
Amer. Sugar Refining
143
Niagara Hudson Power
Hon. Mr. S. 1. Dodwell, G. Miskin, Esq.,
AXE TEAB
ILOM
BANGOON
Amer. Tel
Tel.
1501
N. American Aviation .....
13
K. S. Morrison. Esq.,
BANGKOK BATAVIA
IPOH
SAIGON
BERIMBAN
Amer. Tobacco “B”
522
North American Co. (New)
13
Hon. Mr. T. E. Pearce,
KARACHI
BOMBAY
July September ( December { March
(New contract)
22.52b/60a 22.40/40
12 otr
BEANGHAI
Amer, Waterworks
4)."
Northern Pacific
22.22b/24a 22.15/15
.07 off
2
Anaconda Copper
26"
Packard Motors
}
21.69/69 21.25 N
. 21.55/55
21.10b/15a
14 off
Hon. Mr. A. L. Shields. Sir Vandeleur M. Grayburn,
KLANG
CALCUTI&
SINGAN EN
AUINCIES:
XOBE
SITIAWAN
Atchison, T. & 8, F.
27+
Paramount Pictures
11
.15 of
Chief Manager. FAINER PLACE
Aviation Corp.
3)
Pennsylvania R.R.
24
104 1/2
Total sales for the day:-1,810 tons.
Baldwin Locomotive Co.
131
Phillips Petroleum
41%
Branches:
Baltimore & Ohlo
31
Pullman Ing..
271
Amoy
48 1/4
CHICAGO WHEAT
Barnsdall On
Pure Q!!
97
Bangkok
Johore Rangoon Kobe
July
149 1/2
September
On Sterling Notes:-
Ear Silver pET OR
Now. 33 3
Tuesday's sales:-14,241,000 bushels
CHICAGO CORN
July September
NEW YORK HIDES
June
September
September
NEW YORK SUGAR NO. 3
July
September
Volume of business done:-52 lots.
NEW YORK SUGAR NO. 4
Quiet.
"
July
Volume of business done:--48 lots.
*July
at
On Bangkok:-
On demand
Bank Buying Rate
Market Report
FROM ROZA BROS.
Thursday, May 29..
unchanged
Siiver prices were yesterday, the quotations remain- Lng at 23.3/8 for both Ready and Forward. Silver advices reported the market as being steady but American Silver was featureless quoted at 34.3/4 for Spot.
cross. London /New York The
402.1/2. New rate was quoted at
"York/London was quoted at 403.
3/4
MARKET
STERLING
to There were sellers at 1/3 up
August. buyers
any delivery
at
Total sales for the day:-189 lots
NEW YORK COCOA
1/3.1/32 for NEW YORK COPPER FUTURES
U. S. DOLLARS
NEW YORK COTTONSEED OIL
July
NEW YORK LARD
September
NEW YORK BLACK PEPPER"
September
Some bustness was done during the course of the morning at 24.- 7/16 for near and forward. The market closed at 1 p.m. with sellers at 24.7/16 for near and forward. buyers at 24.1/2 for any delivery. SHANGHAI DOLLARS Opened with sellers
450.1/4 with business done subsequently last at 451.3/4 and 452. The market. time with pro-i closed at lurich bable sellers at 452, buyers at 452.1/4.
SHANGHAI. MARKET Sterling opened with sellers" at 3.11/32 and closed a shade easier Spot. with sellers at 3.21/64 for
with sellers US Dollars opened
at 5.7/16 and closed at lunch time with sellers at 5,13/32 for
Spot.
AFTERNOON MARKET
4.15b/20a 8.22b24a ,07 up
The First Notice Day for September black pepper is Aug. 26 apd
trading day is September 23.
N.Y. Official Silver
-N.Y.-London Cross Rate
LONDON STOCK EXCHANGE
Inter. Nickel
16280 111.84 30
961/968 981,981
954/953 972/97)
B off
Bendix Aviation
34#
Radio Corpp, of Ami.
33
Batavia
Kowloon San
3 off
Bethlehem Steel
694
Reading Company.
Com
141*
Bombay
"Kuala
Bilss & Co., EW. (com.)
15
Remington Arms Co., Inc.
41*
Calcutta
Lumpur Shanghai
Boeing Airplane Co.
14
Republic Aviation Corp.
31
Canton London
H
Singapore
Borg-Warner
161
Republic Steel
131
Cheroo
Lyons
Sourabaya
Briggs Mig. Co.
743/744
751/76
741/741 751/751
t off
19
Reynold Tobac. "E"
Colombo.
Malacca
Sangel
281
Budd M'facturing Corp.
4
1 of
Schenley Distillers
D'aires
Manila
101
Foochow
Muar
Patani Swatow
Canadian Pacific....
34.
Shell Untan Oll
144
Celanese Corp.
191
Socony-Vacuum O
Rankow
15.08/08
15.17/20
14.35b/40ä 14,30/52
,73 off
Chesapeake & Ohló
344
Southern Pacific
111
Harbin
Chrysler
$551
Southern Fly 55 pfd.
231
Iloilo
67 off
Columbia Gas & Elec.
24
Spicer Manufacturing Co
Ipoh
Penang
Comthercial Credit Co.
23
Standard Brands
com, & Southern (Ofd.)
5/16
Standard Gas & Elec.
Consolidated Edison Co.
17+
Standard O or N.J
7.61 N
7.45 N
.16 off
Consolidated 01
Studebaker Com.
Copperweld Steel
13†
Swift International
Curtiss Wright (C)
31
Vechnicolor
8"
-245b/46a 2.48b/49a
2.46b/47a 2:50b/51a
.01 up .02 up
Douglas Aircraft ...
•
68
Texas Corpn.
Du Pont de Nexcurs
1427
Trans-America Co
#*
Eagle Picher Lead
31
20th Cent, Fox Film, Com.
51
Elec. Autolite Co.
251
Union Bag & Paper Corp.
101
י
Eler Bond & Share
2
Union Faciác
794
various sizes to let.
business undertaken.
824b/83a83b).84%
up
Elec. Band & Share $5 pt
551
United Aircraft
401
Elec. Bond & Share sa pt.
58)
United Airlines Trans
01
Elec. Power & Light $7 pr.
321*
United Corpn.
9/18
Funtkote
121
United Corpn. $3 cum pt.
1
11.70b/95a 1170b/951
unch.
Gen. Electric
281
United Gas Improvement
*81.
Gen Motors
37
U.S. Rubber
21
Gen. Railway Signal
13
US Steel
523...
is conducted by the NGKONG
- (0.59/59 10.54b/56g
.05 off
Gen, Tire & Rubber
101
Vanadium
232
Goodrich (B.F.)
124
Vultee Aircraft
5%
Goodyear Tire & Rubber...
164
Walworth Co.
4
ed on application.
2,97a
9.92b
.05 off
Great Northern Iron Ore
147
Warner Bros. Pict
31
Great Northern Rly, ptd.
26
Westinghouse Elec.
851
BANKING CORPORATION.
-
Great Western Sugar
23
Woodward Iron Cor.
28*
241+
Inter. Paper & Power
141
34-3/4 34 3/4 4.03-3/4
403-3/4
Int. Tel. Tel (Fon, Is.) Johnsmanville
24
Chase National Bank National City Bank Libby, McNeil
Saigon
Francisco HAIPHONG
Baiphong (Johore) Tiertsin
Mukden Tokyo New York Tsingtao
"Yokohama Peiping
CURRENT ACCOUNTS opened
HANIOW
NEW YORK
TAIPING
*TIENĪTAIN TONGKAR
(Bbuket)
TINOTAL
'TOKOKAMA
PRIPING (Peting)
FOR EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED Posita received for One Year or shorter periods in Local of Other Currencies at rates whick will be quoted on application.
SAVINGS ACCOUNre also opened in 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 shorter periods in Local and Other business, and claims recovery of Currencies on terms which will be British Income Tax overpaid, on quoted on application.
4
terms which may be ascertained at
SAFE DEPOSIT BOXES. of any of the Agencies and Branches.
TRUSTEE 2nd EXECUTOR
Hongkong. 26th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above, Bank
W. H. EVANS THOMAS,
Manuger..
BANK OF EAST ASIA,
SHANGHAI BANKING COR- Authorised Capital
PORATION. Rules may be obtain-Paid-Up Capital 16,508,800.00.
For the uNGKONG & SHANGHAI
V. M. GRAYBURN,
Chief Manager. Hong Kong, 26th Feb. 1230.
THE CHASE BANK
Reserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road, Contral
Board of Director.
HON. SIR SHOULON CROW, Chairman Li Koon Chan, Beq Li Lan Sang, Fag. P. K. Ewok. Eng. Wong Chu Bou, Esq. Fong Ping Wah Esq.
16, QUEEN'S ROAD, CENTRAL Wong Im Torg, Esq.
18, PINE STEERT.
NEW YORK.
Chas Ching Shot, Esq.
KAN TONG Po, Esq., Chief Manager HON. ME. Li TSE FONG, Manager
Branches and Agencies:
Kowkor Ponad
HEAD OFFICE:
An American. Back offering com- plete Foreign' Banking Service in the principal Markets of the Bozbey world.
amor
Batavia
"Loudon
Dalmatia
Manila Matbourne
Haiphong
Nagasaka
Interest Rates on Application.
Hankow
Now, York
Hanolali Koba
Parly
Pelping
SAFE DEPOSIT BOXES
Singapore do srabaya Hangtod Baljon Swatow San Fran. Sydney
cisco Tunnu
Уолсонов
Seattle
Bemarang
CLIVE SMETT KOALA
DANTON CAWAPORE CEBU COLOMBO
BOU RABATA
LUMPUR
KUCHING
MADRAS
MANILA
DELET
MIDAN
#
LIMITED
$10,000,000.00
Profits
.2,083,261.50
for any delivery.
U. S. DOLLARS
The market closed with sellers at 24.7/18 for near and forward, buyers at 1/2 for near and probably forward.
SHANGHAI DOLLARS
efter- Bustness was done this noch at 452.1/2 and 452. "At the close there were sellers at 451:1/2, buyers at 452.
LI
SHANGHAI MARKÉT Sterling opened with sellers at 3.5,16 and closed at 3.21/64 for Spot. US Dollars, there were sellers for fear delivery at 5.13/32 for Spot.
Shanghai Exchange kuang Rly 5%, 1911.
Shanghai, May 29 (Reuter).
Official TT Rates
Opening
1940/41
DOW JONES AVERAGE
High Low Dow Jones Averages
Industrials
May 29, 1941.
May. 27, High Low Close
Change
115.96 27.65
116.20 115.56 118.16 27.75 27.43 27.65
2
.21 up
.11 up
16.82
16.33 16.71 16.85
.03 up
91.00
01.04 68.65
3287 22,15 20
26.45 16.82 20
92.19 88.06 40 88.76 48.74 11
Rails Utilities
:
Bonds Commodity Index. 66.97
RESERVE BANK OF INDIA STATEMENT
Calcutta, May 28 (Reuter).
May 16 May 23
28,542
.02 off .32 off Business Done:-340,000 shares
National Financial
Conference
CHUNGKING., May 29 (Central) The Ministry of Finance has all- nounced that a National Financial Conference will be openca on June 15 for the purpose of discussing important problems relative to
hina's wartime finance, currency taxation. Preparations have 3,589 largely been completed.
and
Apart from the commissioners or 4.441 finance, directors of tax bureaux
financia and other government
number" of financial experts will be invited to attend the conference. Mr. Kwan Chi-yu has been named Secreary- General of the conference
Government)..... 9,131 9,131 officials concerned, a
(REUTER'S SERVICE)
HK. & Shal Bank (Lan London, May 28."
Reg.) The following quotations are the middle prices at the close of the. Bhai Bank (Col.
Eeg) market in London. All quotations are subject to confirmation and no Chinese Eng & Mining
76
18
Quiet. There were sellers at 1/3 responsibility is assumed for errors up to August, buyers at 1/3.1/32 in transmission.
(bearer)
11/-
Chosen Corporation
4/-
£
War Loan, 31% (Red,
after 1962) Defence Loan, 3% Canton-K'loon Rly. 5% Chinese 44% Gold Loan 1898 (Brit. Issue). Chinese 5% Gold Bonds.
1925/41
Mercantile Bank of In-
dia. £5, "G"
107
103-13/16
101巷
Pekin Syndicate. !...
1/
S'hai Elec. Cunstr. Co.
16/-
9
Bal Waterworks "A"
15
In Insurance
23
38
Juta Kalumpong Ribber 15/-
Lon., Mid, & Scot, Rly. 12]
In India
Notes In circulation (Including Notes held in the Bank- ing Department)... 28.506 Rupee Coln Bullion
3,553
38.
Great Western Rly.
33
Chin. 41% Anglo-Frerich
National Bank of India
31
Loan 1908
37
B.-A. Tob (bearer)
88/13
Gold Coin and Bul-
Hon in India.
4,441
Chinese 5% Crisp Loan.
1912
Dunlop Rubber
32/0
Becurities (Indian
21
Bristol Aeroplane
"10/3
Chinese 5% Reorg. Loan.
1913 Ldn. Is,) Chinese 8% Bter. Notes,
1925 (Vickers) Chin. Imperial Rly. 5%
Loan 4chan Rly. 5%
Imperial Chemical Ind. 30/9
30
United Steel ...
23/3
Securities (British
Government)
Woolworths
48/-
7-9
Maraman Investmenta
6/3
11,379 13:173 (Figures in Lakks Rupees)
Western Holdings
11/41
48
Sub-Nigel
142/6
10
Shell
Tran
"Trad..
(bearer)
40/7)
IL.P. N/Y Issue),
14
* bid
Hukuang Ply. 5%. 1911
German Issues
13
0/3-1/4
Lung Tsing & U. Hai
RI. 5% 1913
9
5-1/4
18 22-1//4
S'hat N'King Rly. 5% ... +14
Tientsin-Pukow Rig. 5%
Ti
nominal -21-5/8
(Brit. Stpd.) Ilentsin-Pukow Rly. 5%
(German Stpd.) ..........................
10
Price,
10
Price, £283-7/8."
Tientsin-Pukow Rly. 5%
/Brit, Stpd. Bupl. Loan) 10 lentsin-Pukow Rig, 5% Cler. Btpd. Supl Loan)
10
London
New York
Iridia
Japan Parts-
Hongkong
Sterung
Bellers
peting Closing 0/3-11/32 0/3-5/18
0/3-11/32 0/3-5/18 0/3-11732 0/3-5/16-
U.S. Dollars
$5-13/32
Spot
May June
Spot
$5-7/16
May
5-7/16
June
57/18
5-13/32 5-13/32
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.
ទន
Jap. 5% Ster. Loan, 1924 22 Ger, 7% Intl. Loan, 1924 5 Chartered Bank
Calcut Exchange
In
WRJ 24
B3
Calcutta, May 28 (Reuter). 7.1. on Japan, 81-1/2
Rupee Paper Bombay, May 28 (Reuter), Govt. 34% Rupee, 95-14-0.
SHARKIMA
Every description of Braking and This Bank is entirely owned by Exchange business transacted. Loans THE CHASK NATIONAL BANK, grauted on approved securities.
NEW YORK, with. Resources of over U:S.$3,800,000,000.
D. L. BALLANTYNE.
Carrent Accounts opened in Local Currency and Fixed Deposits" re- ceived for one year or shorter Manager: periods in Local and Foreign Cur
rencies on terins which will quoted on application..
SAFE LEPOSIT Boxes To LET.
KAN.TONG PO,
Chief Manager.
WANT-ADS ARE SURE!
INDO-CHINA
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
LONDON METALS STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL. 8:40,000,000,00
EXCHANGE
London, May 28 (Reuter).
Standard, Cash. Middle 261-3/4.
Tin, Standard. 3 months, 'Middle
Market quiet.
SILVER MARKET
LONDON SILVER
London, May 28 (Reuter), Silver Trifing- trade buying was met by production sources. Mar ket steady. In the afternoon, the market was featureless with no {business.
Spot, 23-3/8a."." Forward 23-3/B4.
LONDON GOLD
London, May 28 (Reuter). Bar Gold Fire per or, 168-
Oporating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAL, 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, where passengers and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD TELEPHONEĎŽOSIL - GENERAL MANAGERS
(BRARORES ALL OVER CHINA) Owing to our numerous Branches, Lin 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 Office.
CANTON
SWATOW
KONGMOON TOISHAN
SHIUCHOW KINGOHOW
We also handle the issue of Bosta and other Public Funds of the Chinese Governtitent both at Home and Abroad
BHOU. CHEN,
Manager.