(REUTER'S SERVICE)
NEW YORK. June 2, 1941.
On demand
.... 52 3/4.
On Japan:-
New York Cotton, July New York Rubber, July Chicago Wheat, July Chicago Corn, July ... New York Hides, June NEW YORK COTTON
July... October
High 13.08 22.22 21.70 962 951
·733 73 73
Prev. Today's. Low Close Close 13.00 19.C5 13.08 .03 up
closed 21.70 *
941. 96
11 up 731 Lott
Change
STOCKS
Adams Express
Alleghany Steel Co.
Allis Chalmers....
Close
Closing
Change
Amer, Can
13.05/05
13.08/08
.03 up
American Cyanamid B
Amer. & Foreign Power
13.23/23
13.25/26"
.02 up
On demand
2. 1°3 1/2
December........
13.28/28
13.33/33
.04 up
Amer & Foreign 57 pt.
January
13.25 N
13,28/28
.03 up
Amer, Locomotive Co.
Transfer.
March
13.27/27
1330/31
.03 up
Amer, Metais
and demand
-896/8
On New York:--
May Spot
13.23 23
13,27 (28
04 up
Amer. Radiator ...
Amer. Rolling Mill.
13.55.
13.58
,03 up
Amer. S'ting and Ring Co.
Amer. Sugar Refining
Amer. Tel. "Tel
Amer. Tobacco ""B"
Amer. Waterworks
Anaconda Copper
Atchison, T. & 8. Fe
Aviation Corp.
Baldwin Locomotive Co.
Baltimore & Ohio
941/948 96/961
961/96 072/973
13 up
Barnsdal OB
14. up
Bendix Aviation.
Bethlehem Steel
Bliss & Co., E.W. (com.)
Boeing Airplane' Co.
73473
738/738
1 off
Warner
743/743
743/741
unch.
Briggs Mig. Co.
Badu Mifacturing "OT
Canadian Pacifc
CLOSED
deleted.
Celanese Corp.
14.75/75
Chesapeake & Ohio
Chrysler
Columbia Gaa & Elec.
Commercial Credit Co.
23.7/16 for
both
Forward.
American
September .... NEW YORK SUGAR NO. 3
July
CLOSED
7.45 N
Com, & Southern. (Ord )
Consolidated Edison Co.
CLOSED
September
250b Sla 254b 55a
Consolidated on
Copperweld Steel
Curtiss-Wright (C)
Distillers Corp. (Seagrama) 13
Douglas Aircraft
MARKET
Quiet.
STERLING
CLOSED 81b/.81 a Volume of business done:-Unreceived. NEW YORK COPPER FUTURES
Du Pont de Nemours
Eagle Picher Lead
PAGE 10-HONGKONG DAILY "PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE, 3, 1941.
On London:—
Telegraphic
Transfer. 12 7/4 Bank Bills, on demand 1/2 7/8 Credits 4 months" sight
On Shanghai:—
On demand 440
Un Singapore:-
On India:-
Belegraphic
NEW YORK COMMODITY MARKET
14.80 14.70 closed 14.75
Bank Bills, on demand 24 1/% Credits, 60 days sight 94 7/8
On Batavia-
On demand
On Paris:-
Bank Bills, on demand Nom. Credits 4 months' sight Nou.
Total sales Saturday:-64.300 bales.
NEW YORK RUBBER
21
On Saigon:--
On demand
******** 104 1/2
On Manita:--
On demand' .........................................
48 1/4
On Bangkok:--
On Sterling Notes:-
Now.
July
(New contract)
September (
December" {
}
March
A
} (
21.70/80
21.40/43
CLOSED
21.006
20,406
Total sales, for the day:-1.380 tons. CHICAGO WHEAT
Saturday's sales:-10,326,000bushels.
July
September:
CHICAGO CORN
July...
NEW YORK HIDES
June.....
September
September
On demand. 19 1/2
Bank Buying Exte
Bar Silver per......... 23 7/16
--
Market Report
FROM ROZA BROS.
Tuesday, June 3.
Silver prices were unchanged
Total sales for the day:-70 lots.
over the holidays, the quotations NEW YORK COCOA,
remaining at
Silver was quoted at 34.3/4 for
The London/New York
New rate was quoted at 402.1/2. York/London was quoted at 403.-
1/2.
Volume of business done:-162 lots. NEW YORK SUGAR NO. 4
July
Ready and
Spot
cross-
J
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
JUNE, 8, 1941,
WEDNESDAY, JUNE 4, 1941..
BANKS
1LONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... $50,000,000
INDIA, AUSTRALIÄ AND CHINA
Issued & Fully Paid-Up $90,000,000/#corporated by Royal Charter, 1850
Reserve Funds: ... Sterling
1437
$ 4.5000 Puid-Up Capital
H.K. Currency lieseive $10,000,000 Reserve Fund Reserve Liability of
Proprietors......
$20,000,00
flead Office:--HONG KONG
Hoz. Mr. A. L. Shields., Sir Vandeleur M. tarnybúra,
Chief Manager.
Malacca
Rangoon Saigon Sau
Francisco
Pataui Swatow
Mukden Tokyo
New York Tsingtao Peiping
Yokohama
Punang
CURRENT ACCOUNTS opened
£3,000,000 £3,000,00$ liceerte Liability of Pro-
......£3,000,00 prietors...
HEAD OFFICE: LONDON:
12
38, Bishopsgate E.0.3. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.B... West End Branch:
14/16, Cockapur Street, 8.W 1 Manchester Branch:
52, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES.
STOR STAB
AMITHAR
BANGEDI BATAVIA
BOMPIX
CALCUTTA
LUENCIES;
RONA KUNO TENANG ILOILO IPOE
KARACHI
RAB000K
BALCON
BERIMBAR
AMANGHAI
SINGAPOR
SITIAWAN.
SOURABAYA
LUMPUR KUCHING
TAIPING
KLANG KOBE
CLOVE STEKET KOALA FAIRLIN PLACE
CANTON
CAWNPORN CEBU COLOMBO DELHI
SAIPHONG HANKOW
KADRAS MANILA
MEDAN
NEW YORK
TIENTHIE TONGKA
(Bhuket) TSINGTA
YOKOHAM
PEIFING (Peking)
FoRnGN EXCHANOX and General Banking Business transacted.
CURRENT ACCOUNTS opened and EIXED DEPOSITS received for One Year or shorter perioda in Locni or Other Currencies at rated which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with 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". 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.
terms which may be ascertained at
SAFE DEPOSIT BOXES of aus pf the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
Last Sale
STOCKS
Last Sale
June 2
June 2
51
Johnsmanville
67
211
Kenneçe Copper
351
201
Libbey-Owens-Ford
Glass
28
781
Lockheed Aircraft .........................
367
Loew's Inc.
281
Board of Directira Hon. Phi. J. ", Paterson,
Martin, Glen L, Co.
272
Chairman,
17*
Montgomery Ward
331
W. H. Lock, Esq.,
111
National Aviation
8*
F
Deputy Chairman.
187
Nat. Dairy Products
131
J. E. Bousfeld. Eaq....
61
National "Distillers
181
A. H. Compton, Esq.
131
Nat, Fower & Light
51
L. J Davies, Esq.,
401"
National Supply: Corp.
51*
dom Mr. S. J. Dodwch,
141
New York Central
12+
(1. Miskin, E....
153
Niagara Hudson Power
2+
K. S. Morrison, bag..
63
V. American Aviation
Hoa. Mr. T. E. Pearce.
131
North American Co. (New)
13
26t
Northern Pacific
61
27
Packard Motors
21
3+
Paramount Pictures
10%
134.
Pennsylvania R.R.
242
31*
Phillips Petroleum
$
Pullman Ine......................
28
Baugkok
351
Pure Oll
Batavia
-Branches:
Juhurr Robe Kowloon
L
691
Radio Corpn. of Am.
3+
Bombay
Kuala
141
Reading Company,
Com
Calcutta
Lumpur "Shanghai
141
Canton
London
lit
Remington Arms Co., Inc.
44*
Chefoo
Lyons
161
Republic Aviation Corp.
34
Colomlu
• Singapore Sourabaya Sungei
191
Republic Steel
18
Dairen
Manils
4
Reynold Tobac: "B"
281
Foochow
Muar
34
Schenley Distillers
101
Haiphong
(Jobore) Tientain
20
Shell Union 011
131
Baukow
363
Socony-Vacuum 01
82
Harbin
551
Southern Pacifc
Lloilo
111
24
Southern Rly $5 pfd.
231
Ipoh
231
Spicer Manufacturing Co
5/16
Standard Brands
17+
Standard Gas & Elec.
Standard On of N.J.
361
131*
Studebaker Com.
8
Swift International ....
181
Technicolor
8*
681
Texas Corpn.....
38
various sizes to let.
143
Frans-America Co
41*
TRUSTEE and EXECUTOR
8
20th Cent, Fox Film, Com.
51
business undertaken...
Elec. Autolite Co. iii..
251
Unlun Bag & Paper Corp.
101
Hongkong, 28th February, 1941.
Ji
Elec Bond & Share....
2
Union Paclic
781*
There were sellers at 1/3 up to
July
CLOSED
11.78b/94a
Elec. Bend & Share $5 pf.
Eler Bond & Share $0 pf.
Elec. Power & Light $7 pf.
July
CLOSED
10.57b/58a
Flintkote
Gen Electric.
9.87/87
9.90, 92
.03 up
Gen Motors
Gen. Railway Signal
CLOSED 6.11b/15a
Great Northern, Iron Ore Great Northern Rly, pfd..
Great Western Sugar
Inter. Nicket
Inter Paper & P.FEAT
Int. Tel. & Tel. (Fon, Is.)
1940/41
32.67 22.15 20
26.45 18.82 20
High Low Dow Jones Averages
Industrials 162/0.171.64 30
Rails Utilitiea
August, buyers at 1/3.1/32 for any NEW YORK COTTONSEED OIL
delivery.
U. S. DOLLARS
No business was reported. There were sellers at 24.3/8 for near and forward, buyers at 4.7/16 for Cash, SHANGHAI DOLLARS
A small business was done during the course of the morning at, 454.- Subsequently 1/2 and ·454.1/4.
business was also done at 455 and al: 455.1/4. The market closed at lunch time with probable sellers at 455.1/4 buyers at 455.3/4.
SHANGHAI MARKET Sterling opened with sellers at 3.9/32 and then rose to 3.19/84. At the close the selling rate re- ceded again to 3.9/32 for Sput. U. S. Dollars opened with sellers 12 and then rose to 5.3!8. The market closed at lunch time with sellers at 5.11/32 for Spot.
AFTERNOON MARKET
Quiet.
"
STERLING There were sellers at 1/3 up to August, buyers at 1/3.1/32 for any delivery.
U. S. DOLLARS
The market closed with sellers at 24.3/8 for near and forward buyers at 24.7/16 any delivery.
SHANGHAI DOLLARS
A small business was done at 455.1/2 and 4551/4 for near de-
NEW YORK LARD September
NEW YORK BLACK PEPPER
September
The first notice day for Sept, black pepper is 26/8 and
last trading day is 23/8. N.Y. Omcial, Silver NY-London Cross Rate
unquoted 34-3/4 4.03-3/4
4.03-1/2
Australia To Concentrate On Concentrated Foods
Major problems for eansideration by full Federal Cabinet will include plans for disposal of surplus primary products. Cabret will have before it pro- bone as possible from beef ex
from the inter- ports. gress reports
Vine fruits were already dry departmental committee which is Investigating treatment and stor marketed, Sir Earle Page said. age of foods.
This applied also to certain tree Offers of the Couric for Scler- fruits, like pears, apricots and tific and Industrial Research are peaches. co-operating in the work,
ני
Dehydration was not, however,
The Minister for Commerce (Slr a practicable solution of the apple Earle Page last night said the surplus problem. Some dried ap- committee was dealing with all ples were being sent to Australian related technical problems.
troops overseas. Cests of prepara
It was likely, he said, that as tion and dehydration were great Jivery. The market closed with the war progressed there would be and the apple surplus was so huge sellers at 455.1/4, buyers at 455.1/2 more aced for new forms of pro- that there
for Cash.
was no reasonable for cessing foods export. The market outlet at a profitable price, "shipping position made it increas .. SHANGHAI MARKET
When consumers could choose, ingly necessary to save space. Closed with sellers of Sterling Economies not dreamt of in pre-they probably would not accept at 3.0/32 for Spot and U. S. Dollars war days would have to be exer food in concentrated forms.
at 5.11/32 for Spot.
cised.
War. recessities, however, were chang- Step already taken by the Com-ing the order of things. The im
portant thing today Shanghai Exchange monwealth to meet the position.
capacity of food to nourish.
Shanghal, June 8 (Reuter).
Official TT Rates
London
New York
India
Japan
Paris
Hongkong
Sterling
Opening
0/3-1/4 5-1/4
12
Sellers
22-1/4
nominal 21-5/8
pening Closing 0/3-9/32 0/3-9/32 0/3-9/32 0/9-9/32
0/3-9/320/3-19/64
Spot
June
July
U.S. Dollar».
;
4
Spot
$5-11/32
$5-11/32
June
5-11/32
July
......
5-11/32.
5.-11/32 5-3/8
Silver Duty Rate
Market Quiet but steady.
The Central Bank of China's
included:-
Processing plants were being procured for drying the export surplus of eggs.
Increasing attention was being
paid to drying and condensing
Consideration was being given
Ger. Tire & Rubber Goodrich (B.F.)
Goodyear Tire & Rubber...
92,19 83.00 40
69.76 48.74 11
Bonda
Commodity Indexi
Business Done:-260,000 shares
H.K. Stock HONGKONG
Exchange
BUYERS
Bank of East Ala, $71. Union Ins.. $405. HK. Fire Ins., $176. Indo-Chinas (Pret), $80, HK. & K. Wharves, $86, Docks, $14.70, Providents, $5. Hotels, $2,85, Lands, $31.
Tramis, $15.90.
Realties, $2.70.
Lights (0) $5.70.
Was
the
Ropes, $8.75,
Watsons, $9.30.
SHAREBROKERS
ASSOCIATION Volume of Business Transseted on Tuesday, July 3, 1941, SALES
.....10 $1,315.00 HK. Banks.
The total value is $13,150.00.
Entertainments, €5.25,
SELLERS
Docks, $15. Ropes, $7. Dairy Farms, $17.23."
SALES
HK Banks, $1315. Docks, $14:80.
INDO-CHINA
to tanning butter because *STEAM NAVIGATION COMPANY. LTD.
shortage of refrigerated shipping
space.
For some time lamb carcasses for export had been "telescop- ed." It would probably be ne- cessary to eliminate as much
FEDERAL RESERVE
RETURNS
New York, June 2 (Reuter).
(000's Omitted)
May 20
May 27
rate on London at 10 a.m. today Total Loans $10,046,000 $10,266,000
was 1/2-1/2d.
The Equalisation rate was 24-1/4
per cent
WHITSUN HOLIDAY
All London markets were closed yesterday. June 2, being Whitsun Holiday.
Invesments 17,752,000.
India Rupee Paper
17,680,000
Bombay, June 2 (Reuter).. Get. 3% Rupee, 95-14-0,
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN -
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SAND KAN
HAI HON..
All steamers berth, alongside the Roosevelt Terminal in the French Concession a1- Shanghai, where passengers and cargo are lauded.
For further particulare
pless apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE 3O3II • GENERAL MANAGERS -
is conducted by the BONGKONG
SHANGHAI BANKING COR-Authorised Capital.....$10,000,000.00
ed on application.
For the HoxGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager: Hong Kook. 26th Feb., 1930.
Reserve and Undivided
5,598,800.00
2,083,261.50
Head Office: HONG KONG
No. 10 Des Voeux Road, Central
->
Board of Director."
Hos. SIE SHOUSON CHOW, Chairman Li Koon Chan, E Li Lan Bang, Esq.
P. K. Kwok, Esq. Wong Chu Son, Esq.
15, QUEEN'S ROAD, CENTRAL Wong Tan Tong, Esq. Fang Ping Wah Esq.
18, PINE STREET,
NEW YORK. An American, Bank offering com-
in the principal Markets of the Patarin world.
Interest Rates un'Application,
SAFE DEPOSIT BOXES
Branches and Agencies:
kowice Loudon
Ред
singapore Kangoo: Bourabay Salgon San Fran sydney
Xwstaw
0 e 1nt
Melbourac Sagmask Now York menitie
Semara:
Shankh
Vancosse
Every description of Banking and
This Bank is entirely owned by Exchange business transacted. Loans THE CHISE NATIONAL BANK. granted un approved securities.
NEW YORK, with Resources of
over U.S.23,800.000,00.
·
D.. L. BALLANTYNE.
Current Accounts opened in Local Currency and Fixed Deposite re ceived
for one year or shorter Manager periods in Local and Foreign Cur
terms cencier
which will be quoted on application..
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offco-15,, Gracechurely Street." London, EC.3
Authorised Capita
Subscribed Captial Paid-up Capital
Reserve Fund and Rest.
.. BANKERS:
£3,000,000
£7,500,000
£1,060,000
£1,254,619
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Hangkok [pok
Bombay
Calenta
Jedna Kuantan
Colabo Kandy
Daiki
Galle
Hongkong
Воятал
Karachi
Kota Bharu
-Kuala Lipis
Kaala Trenggod 1Tours
Kew York
Fedang
Hangood
Shanghai
Fimis
Kuala Lumpur Sagapore
HONG KONG, BRANCH:
Every description of Banking and Excbazge byaîness crenasoted -
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 (BRANCHER ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of OUREENT ACCOUNTS ed in total car. the World, we are able to extend' rency 3 FIXED DEPOSITS rooted is Lood to our Clients special facilities for Curranes & ZEELING on terms that way be
Domestic and Foreign Banking and certained on application.
TRUSTEE AND EXECUTORSHIP
· UNDERTAKEN
D. BENSON,
Manager
WANT ADS
Trusted
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 Bonde and other Public Funds of the Chinese Government both at Home and, Abroad.
SHOU J. CHEN,
Manager.
2
551
United Aircraft
383
59
United Airlines Trans
03
32
United CorPD,
HONGKONG SAVINGS
BANK
125
United Corpn. $3 cum pf.
22
282
United Gas Improvement
6
367
U.B. Rubber
201
13*
U.S. Steel
53
101*
Vanadium
231*
121
Vulter Aircraf+
61
161
Walworth Co.
41
BANK OF EAST ASIA. LIMITED
The Business of the above Bank
PORATION. Rules may be obtain
Paid-Up Capital....
Profits.
15
Warner Bros. Pict
31
264+
Westinghouse Elec.
877
23*
Woodward Iron Cor.
261
242
14
Chase National Bank National City Bank
**
Libby, McNeil
THE CHASE BANË
DOW JONES AVERAGE
Juno 3, 1941
May. 31, High Low Close
Change
115.76
116.25 116.62 176.18
.42 up
HEAD OFFICE:
27.43
27.59 27.39 27.66.
.13 ap
16,90 91.14.
17.00 10.82 13.97
.07 up
91:10 €1,60
..09 off
|
Chan Ching Shak, Eng,
KAN TONG PO, Esq., Chief Manager Hos. Ma. Li TER FONG, Manager
plete Foreign Banking Service amey
Bombay Calenta
Muito
Haiphony
Hauks
daalala
Tarin
Ligging