MONEY AND EXCHANGE
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, July
13.17
Telegraphic Transfer. 1/2 7/ Bank Bills, on demand 1/27/8 Credits 4 months' sight
On Shanghai:--
On demand
440
Un Singapore:-
On demand
New York Rubber, July Chicago wheat, July Chicago Corn, July New York Hides. Juno NEW YORK COTTON
32.40
13.08 13.17 23.12 22.40
High Low Close Close Change
13.08 09 off 22.125 28 oft
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
CLOSING QUOTATIONS NEW YORK. May 29, 1911.
MAY 30, 1941.
On London:---
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
NLAY 30, 1941.
Last Sale
SATURDAY, MAY 31, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... 850,000,000
INDIA, AUSTRALIA
AND CHINA
Frey. Today's
Sterling
STOCKS
STOCKS
"Last "Sale
951
74
1451
73 14.43
93 951 934
73 744 14.35b 14.51
.... 2.00 11.or
May 29
May 29
Reserve Liability of
£8,000,000 Paid Up Capital..
Reserve Fund H.K. Currency Reserve $10,000,000 Reserve. Liability of Pro-
Issued & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 1886
Reserve Funds:..
£3,000,000
$3,000,000
Adams Express
54
Johnsmanville
57*
Proprietors
$0,000,000
prietors....
£3,000,00
Alleghany Steel Co.
Close
Closing
.18 up
Change
213
Kennecott Copper.
351
Allis Chalmers
201
Libbey-Owens-Ford Glass
Head Office:-HONG KONG,
281
Amer. Gam
784
Lockheed Aircraft
221
American Cyanamid B
523/
July
13.17/18
13.08/08
.09 off
353
Loew's Inc.
-28
Amer. & Foreign Power
Martin, Glen L. Co.
On Japan:--
On demand
On India:
October
13.38/38
13.24/25
14 of
£15
Amer & Foreign $7 pf. ...
102 1/2
December
13.43/44
13.33/33:
.10 off
17*
Montgomery Ward
331
Amer, Locomotive Co.
13.39 N. 13.29 N
10 oft
11
National Avlation...
Board of Directors: Hon. Mr. J. J. Paterson,
W. H: Lock, Esq.,
Chairman.
81
Telegraphic Transfer.
and demand)82 3/5
On New York:-
Bank Bills, on demand 24 1 Credits, 60 days' sight 2475
On Batavia:—
January March
Amer. Metals
17
Nat. Dairy Products
13.39/39
13.29, 30
.10 off
133
Amer. Radiator
National Distillers
J. E. Bousfield, Esq.,
May
13.36/36
13.24/24
12 oft
19
Amer. Rolling. M
131
Nat, Fower & Light
Spot
13.58
13.53
.05 off
54
Amer, Sting and R'ng Co.
L. J. Davies, Esq.,
A. E, Compton, Esq.,
HEAD OFFICE: LONDON,
39, Bishopsgate E.Č.2.
Sub-Agencies in London:
117/122, Leadenhall Street, E.C.L West End Branch: 14/16, Cockspur Street, S.WI
Manchester Branch:
Deputy Chairman o, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES›
409
National Supply Corp.
ALOE STAR
51
Hon. Mr. S. H. Dodwell,
Total sales Wednesday:-88,800 bales.
Amer, Sugar Refining
15
New York Central
AMBITRAR?
121
Amer. Tel,
Tel.
1504
Niagara Hudson Power
G. Miskin, E.,
BANGKOK
*23
E. S. Morrison, Esq.,
NEW YORK RUBBER
Amer. Tobacco "B"
63
, American Aviation ......
134
Hon. Mr. T. E. Pearce,
BATAVIA
BOMBAY
HONG ONG 1101LDTM
IPOK KABAOHI
FINANG
RANGOON
BALGON
SIRIMBAN
On demand
On Paris-
On Saigon:-
On demand
On Manila:
On Bangkok:-
* 45 1/
(New contract) July September (
22.40/40
22.12b
.28 Gr
SHANGHA
"Amer, Waterworks
#
North American Co. (New)
13
}
22.15/15
21.80/50
.35 off
Anaconda Copper
Bank Bills, on demand Nom
Credits 4 months' sight Nota
261
Northern Partic
6+
December C March
21.55/55
21.25/30
.30 off
Hon. Mr. A. I Shields, Sir Vandeleur M. Grayburn,
KLANG
Atchison, T. & 9, Fe.
27
Packard Motors
24
1
104 1/2
< Total sales for the day--1,730 tons.
21.10b15a 20.80/80
.30 off
Aviation Corp.
34
Paramount Pictures
107
Baldwin Locomotive Co.
134
Pennsylvania 'R.R.
241
Branches:
Baltimore & Ohio
37
Phillips Petroleum
411
On demand
On demand
On Sterling Notes:
48 1/4 CHICAGO WHEAT
Barnsdall Ol
9.
Pullman Inc.
A muy
274
Bangkok Kobe Saigon
Chief Manager. AIRLIN PLACE
Jobore Rangucu..
KUALA
CALCUTTA
Кова
AGENCIES!
OLIVE STRAT
SINGAPURI
BITIAWAN
SOURABAYA
CANTON
CAWNPORI CKBU
LUMPUR KUCHING MADRAS
TALFING
TIENTRIN
TONGKAR
COLOMBO
MANILA
(Bhuket)
July
149 1/2
September
954/95 931/933 971/971 051/958
2
off
Bendix Avis ELOH
343
Pure Ou
93
23 off
Bethlehem Steel
394
Radio Corpn of Am.
31
Batavia Kowloon Bombay Kuala
San.
Wednesday's sales:-10,303,000 bushels.
Bliss & Co., E.W. (com.) ...
147
Reading Company, Com
144
Calcutta -Lumpur
Francisco Shanghai
Boeing Airplane Co......
Bank Buying Rate
Bar Silver per oz.
Nom. 23 3/8
Remington Arms Co., Inc.
44.
Canton London
Singapore
CHICAGO CORN
Borg-Warner
167+
Republic Aviation Corp.
34
Chetco
Lyons
Sourabaya
were unchanged
Was
cross
New 403.
3/4.
Quiet
Market Report
FROM ROZA BROS.
Friday, May 30.
Silver prices yesterday, the quotations remain- ing at 23.3/8 for both Ready and
Silver Forward, Amèrican
quoted at 34.3/4 for Spot.
The London New York rate was quoted at 402.1/2. York/London was quoted at
MARKET
NEW YORK HIDES
Total sales for the day:-98 lots. NEW YORK COCOA
July
September
741/744 731/7738 751/75) 741/747
1 off 11 off
Briggs Mfg. Co.
19
Republic Steel
Colombo
Malacca
18
Sungei
Bund M'tacturing rp.
4
Reynold Tobec. "3"
Dairen
«Manila.
Patani
281
Muar
June
September
14.35b/400 14.51/53 I 16 up 14.50/52 ..14.66/66
18. up
Canadian Pacific ".............. Celanese Corp. Chesapeake & Ohio Chrysler
3+
Schenley Distillers
Swatow
101
19*
Shell Union Ou
141
353
Secony-Vacunum. O
9
Harbin
551
Southern Pacific
114
Iloilo
Columbia Gas & Elec.
24
Southem Rly $5 pid.
231
Ipoh
Commercial Credit Co
23+
Spicer Manufacturing Co. 30*
Com, & Southern (Ord.)
Standard Brands
58
September ......
7.45 N
7.35 N"
.10. off
Consolidated Edison Co.
174
Standard Gas & Elec, ...
Consolidated 01
NEW YORK SUGAR NO. 3
July
6
Standard Oll of N.J.
Copperweld steel
14
Studebaker Com
47
September
3.48b/470 2.47b, 48a 2.50b51a 2.50b/5la
.01 up unch.
Curtiss Wright (C)
Swift International
'181
Distillers Corp. (Seagrama)
134
Technicolor
f8
quoted on.application.
Volume of business dore:-116 lots.
Donglas Aircraft
SAFE
62
Texas Corp.
391
Du Pont de Nemours
D
STERLING
September .....
"
mar-
There were sellers at 1/3 up to August, buyers at 1/31/32 for any delivery
"
U. S. DOLLARS
A small business was done at 24.7/16 for near delivery. The mar ket closed at lunch with sellers at 24,3/8 for near and 24.7/18 August, Cash and buyers at 24,1/2 for forward.
SHANGHAI DOLLARS Some business was done at 451. There were probable sellers at 451, buyers at 451.1/2.
SHANGHAI MARKET The Shanghai Exchange
ket was closed today.
AFTERNOON MARKET
The market was quiet in the afternoon..
STERLING
The market closed with sellers at 1/3 up to August, buyers at 1/3.1/32 for any delivery.
NEW YORK SUGAR NO. 4
July
Volume of business done:-34 lots.
NEW YORK COPPER FUTURES
July
LONDON STOCK EXCHANGE
London, May 29.
1441
Trans-America Co.
41
Eagle Picher Lead
g*
20th Cent, Fox Film, Com.
51
83b/84a81b/.82a 01 off-
Elec. Autolite Co.
28
Union Bag & Paper Corp.
101
Mec Bond & Share
2
Union Pacific «.
781+
Elec. Bend & Share $5 pf.
531
United Aircraft
381
11.70b/95a 11.80b/94a
.10 up
Elec Bond & Share $6 pĹ Elec. Power & Light $7 pf. Flintkote
43
United Airlines Trazs......
**
33*
United Corpo,
9/18
Foochow Haiphong (Johore) Tientsin Bankow Mukden Tokyo
New York Tsingtao Peiping Yokohama Penang
CURRENT ACCOUNTS opened
NEW YORK
TRINOTAU
YOKOHAMA
PRIPING (Peking)'
FOREIGN Exchange and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One" Year or shorter periods in Local on wbiol Other Currencies at rates will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling wish interest allowed at rates obtainable on application.
The Bank's Head Office in London in Local Currency and FIXED DE- 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
DEPOSIT BOXES of various sites to let
TRUSTEE and EXECUTOR| business undertaken.
Hongkong. 26th February, 1941.
HONGKONG SAVINGS
BANK
terms which may be ascerta ned at any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
DELHI
KEDAN
HAIPHONG KANKOW
12+
NEW YORK. GOTTONSEED' OIL.
July
NEW YORK LARD
United Corp. $3 cum pt.
22-
BANK OF EAST ASIA,
Gen. Electric
281"
United Gas Improvement
87
LIMITED
054b 5a 10.38/38
The Business of the above Bank
.16 off
Gen Motors
37
US. Rubber
211
9,92b
9.80b
.12 off
NEW YORK BLACK PEPPER
September
6.22b/243 6.08b/13a
14 off
last
N.Y. Official Silver
N.Y-London Cross Rate
The First Notice Day for September black pepper is Aug. 26 and
trading day is September 23.
Gen. Railway Signal Gen. Tire & Rubber... Gondrich (BF..... Goodyear Tire & Rubber Great Northern Iron Ore Great Northern Rly, pfd.
is conducted. by the BONGKONG
13+*
U.S. Steel
531
101*
Vanadium
23}
128
Vultee Alteraft ....
61
ed on application.
161
Walworth Co.
#
15
;1
Warner Bros. Pict.
31
BANKING CORPORATION.
254
Westinghouse Elec.
864
Great Western Sugar Inter. Nickel
24
Woodward Iron Cor...
25)*
241
34-3/4 34 3/4 4:03-3/4
4.03-3/4
Chase National Bank:
28
Inter Paper & Power
137
National City Bank
241
Int. Tel. & Tel. (Fon, Is.)
2*
Libby, McNeil
THE CHASE BANK
DOW JONES AVERAGI :
1940/41
(REUTER'S SERVICE)
High Low Dow Jones Averages
Industriale 159.20 111.84 30 32.87 22.15 20
May. 28,
118.16
Rais
27.86
May 30, 1941.
High Low Close 116.80 115.84 116,23 27.86 27.45 27.57
Change
(07 up
HEAD OFFICE:
.08 oil
U. S, DOLLARS The market closed with at 24.3/8 for near and August, buyers at 24.1/2 for and forward. -
The following quotations are the middle prices at the close of the market in London. All quotatlans
Chinese 5% Reorg. Loan.
1913 dn. Is.)
25.46 16.82 20
Utilities
18.25
17.0 18.86 16.25
.10 up
31
89.19 83.06 40 89.76 48.74 11
Bonds
91.04
"
Chinese 8% Ster. Notes.
Commodity Index 6.65
$1.12 67.83
.08 up .18 up
· 1925 (Vickers)
7-9
sellers 24.7/16 Cash
are subject to confirmation and no Chin. Imperial Rly. 5% responsibility is assumed for errors In transmission.
Loan Honan Rly, 5%
..48
H.K. & S'hai Bank (Ldn.
10
Reg.)
76
ů
£.
Hukuang Rly. 5%. 1911...
ELK & Shal, Bank (Col
Business Done:-340,000 shares
LONDON METALS
EXCHANGE
Branches and Agencies:
plete Foreign Banking Service Amey in the principal Markets of the Bombay world.
Batarix
Calcutta
Baiphong
Interest Rates on Application,
Bankos
Honolu
Kala
& SHANGHAI BANKING COR. Authorised Capital.....$10,000,000.00
PORATION. Rules may be obtais- Paid-Up Capital * 5,598,600,00
For the EUNGEONO & SHANGHAL
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939,
Reserve and Undivided
.2,883,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
HON. SIR SHOUBON CHOW, Chairman Li Koon Chun, Esq. Li Lan Saag, Esq. P. K. Kwok. Esq. Wong Chu Bou, Ɛng.
15, QUEEN'S ROAD, CENTRAL Wong Yan Tong. Esq. Fung Ping Wah Esq.
18, PINE STEKET.
NEW YORK. An American Bank offering com-
Chan Ching Shok, E87,
KAN TONG Po, Esq, Chief Manager HON. MR. LI Ten Font, Manager
Kowloom Penang alagager Jacom Maslin
Hangoon Salgoz
Sourabara Swałow Melbouras San Fran Bydney Nagunka
cisco Salientou
New York Seattle Vancou Purl
Profits
"
Board of Director.
Pelplog
Berg
Shanghai
War Loan, 34% (Red.
after 1982)
Defence Loan, 3%...... Janton-Kloon. Rly. 50/2 Chinese 4% Gold Loan
1898 (Brit. Isate) Chinese 5% Gold Bonds.
1926/47
Chin. 41% Anglo-French
Loan 1908 Chinese 5% Crisp Loan.
1912
SHANGHAI DOLLARS Closed with sellers at 451, buy-
er at 451.1/2.
BROKERS
LOANS
New York, May 28 (Reuter). Loans on securities to brokers in New York:-
WK.-ended Wk-ended WK -ended
23/5/44
29/5/41 22/5/41 $403,000,000 $332,000,000 $427,000,000
WEEKLY RETURNS AND REPORTS Ger. 7% Intl. Loan 1924. 5.
LP. NY Issue)
14
Pest)
78
103-11/16 Hukuang Rly.5%. 1911
Chinese Eng. & Mining-
London, May 29 (Reuter). Th Standard,
101.
German Issue
13
(bearer)
11/
Price, £281-7/8.
9
Lung Tang & U
Hai
Chosen Corporation
4/-
"Tin, Standard, 3 months. Middie
Rip 5% 1913
Mercantile Bank of In-
Price, 263-15/18.
38
6'hai-N'King Rly. 5%
14
dla, 25, "G"
11.
Market steady.
D. L. BALLANTYNE.
Tientsin-Pukow Riş. 5%
Pekip Syndicate
1/-
38
(Brit. Stpd.)
10
B'bal Elec. Constr. Co.
16/-
Tientsin-Pukow Rly.. 5%
Bhai Waterworks "A"
15
37
21
(German Stpd.) ................. Tientsin-Pakow R. 5%
(Brit. 8tpd. Bupi. Lean), 10 Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supi, Loan) 10 Jap. 5% Bter. Loan, 1924 224-284
10
Union Insurance ........ Gula Katumipong Rubber Lon., Mid, & Sect., Rly. 12 Great Western Rly. 33 National Bank of India 31 B-A. Tob(bearer) Dunlop Rubber
22
Imperial Chemical Ind. 30/10
anted Steel
23/3
THE MERCANTILE BANK
15/-
Woolworths
48/-
OF INDIA, LIMITED..
Cash. Middle
SAFE DEPOSIT BOXES
Every description of Banking and,
This Bank is entirely owned by Exchange business transacted. Loans
THE CHASE
NATIONAL BANE,granted on approved securities.
NEW YORK, with Resources of over U.S.$3,800,000,000.
Manager.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local sad Foreign Car- rencies on terms which will k quoted on application.
SAFE
EPOSIT BOXES To Lea.
KAN TONG PO,
Chief Manager. \
Maraman Investments.
6/3
ww
Western Holdings
11/14
Head Omico:-15, Gracechurch Street,
Sub-Nigel
141;3
London, EC
Authorised Capit
£3,000,000
87
88/11 32/9 10/3
hell
TIAD.
Trad.
Subscribed Vapital...
(bearer)
41/3
Paid-up Capital ..
22.300.000 21.000.000 et,284,530
*-bid
BANKERS:
BANK OF ENGLAND
Chartered Bank
LONDON, May 20 (Reuter)."
+
Public Deposita
39,880
May 22
May 29 (000's Omitted)
2
32.330
Other Deposits:—
Bankers
Other Accounta Total
96,580
110,900
51,890
52.12
148,270
163,020
Government Becurities
121,500
125,200
Other Securities
Discounts "and Advances
12.570
11.440
TO
• Securities
19,580
24.150
Total
32,150
35,500
Notes and Coins
52.170
52.330
Total Bullion
1.800
1,850
Notes in circulation
829,710
629,530
.Ratio of Reserve to Liabilities
27,73%
~26.77%
Price of Gold at which holdings, are valued... 188/-
163/-
FEDERAL RESERVE SYSTEM
RETURNS
NEW YORK, May 29 (Reuter).
May 23 (1940)" May 22
May 30
(000's Omited)"
Bills Bought
US' Becurities held
Feders Reserve Ratio
Federal Reserve Gredit Outstanding
Monetary Gold Etocks Industrial Advances
2,477,000 2,184,000 *2.184.000
88.39% 91.22% 2,620,000 2,237,000
A1.23% 2,231,000 22,573,000 9,232,000 8,164.000 8,103,000
19,071,000 22,565,000
Bristol Aeroplane
Basers Fund and Best,
The Bank of England and Midland
Bank, Ltd.
INDO-CHINA-
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All eteamers berth alongside the Roosevelt Terminal in the French Concassion at Bhanghai, where passengers and cargo are loaded.
For further particolars
please apply to-
JARDINE MATHESON&Co.,l TELEPHONE ZOZIL · GENERAL MANAGERS
Galv
Hongkong Hoursă
BRANCHES:
Ipoh
どんぱロル
Kukatan
Kandy
Karobl Kota Bharu
Kasia Lipiz
Kuala Lumpur
Kuala Trengg Madran
New York
Ревмат
Bangoos
Buangbai
Simia
Blogspore
HONG KONG BRANCH: Every description of Banking, and Exchange baginem praccted..
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN GUBRENT LOCOUNTS spennt Local Our ready and FIXED DEPOSITS received in Local Currency & STERLING of texts that may be ascertained on spy cation.
D. BENSON.
кондом
WANT-ADS
are
Quick!
BANK OF CHINA
"Spécially 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, O. South China Offices.
CANTON BWATOW
KONGMOON TOISHAN
SHIUCHOW KINGCHOW
We also handle the issue of Bonde [and other Public Funds of the Chinese Governcient both at Home and Abroad.
SHOU J. CHEN,
Manager.