Bank Buying Rats... Nou.
New York Cotton, July New York Rubber, July New York Hides, Sept. .. Chicago Wheat, July Chicago Corn): July
High Low 13.26 13.19 21.77 21:45 14.67 53
14.50 14.72b
967
731
73
NEW YORK COTTON
CHICAGO LARD
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS.
Ir
JUNE 6, 1941.
Ün London:-
Telegraphic Transfer, 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight..
On Shanghai!-
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
NEW YORK STOCK EXCHANGE
QUOTATION (REUTER'S SERVICE)
JUNE 6, 1941
STOCKS
Johnsmanville
Kennecott Copper Libbey-Owens-Ford
New York, June 5.
Close
Change
13.23
...04 of
21,80
unch.
20 off
STOCKS
Last Sele
Last Sale
972
I oft
June 5
June 6
731
off
Adams Express.
6
58.
Proprietors
890,000,000
Alleghany Steel Co.
22
35%
Head Office:HONG KONG
Allis Chalmers
28
Glasa
271
On demand
440
Closing Ranges Changes Sept.
On Singapore:--
July
13.19, 19
04 off
On demand
`62 3/1
Oct.
13 33/33
.05 off
On Japan:-
Dec.
13.43/43
.04 off
.05 off 9.95b NEW YORK BLACK PEPPER Sept.
Amer. Can
781
Lockheed Aircraft
24
American Cyanamid B.
36)
Loew's Inc.
231
Amer. & Foreign Power
(Martin, Glen L, Co.
28
On demand 103 1/2
·Jan.
13.42 N.
.04 off
On India:-
March
13.42/42
04 off
6.09/09 14 pi NEW YORK COTTONSEED OIL
10.71b/74a06 up July
Amer. & Foreign $7 pf.
171
Montgomery Ward
341
Amer, Locomotive. Co.
121
National Aviation
Board of Directors: Hon. Mr. J. J. Paterson,"
W. H. Lock, Esq......
Amer, Metals
17
Nat Dairy Producta
Deputy Chairman
124
Amer. Radiator
National Distillers
J. K. Bousfield, Esq..
Telegraphic
Transfer.
and demand)
82 5/8 May
13.42 N
.04 off
191
Wednesday's Sales:-6,400
bales.
NEW YORK SUGAR NO. 3
Amer. Rolling Mill
137"
Nat. Power & Light
A. H. Compton, Esq.,
G+
88 8
On New York:-
Amex, Sting and Ring Co.
401
Bank Bill, on demand 24 1/8
NEW YORK RUBBER
Credits, 60 days' aight 24 7/8
July
21,80b
unch,
July Sept.
2.49b/50a unch.
National Supply Corp.
L. J. Davies, Esq..
51
Hon. Mr. S. H.. Dodwell,
Amer. Sugar Refining ......
167.
New York Centaal ......
111
2.52b/53a unich,
Amer. Tel,
Tel
1571
Niagara Hudson Power
21
On Batavia-
Sept.
21.60/65
unch.
Volume of
business done:-141
Amer. Tobacco "B"
63
N. American Aviation***
131
On demand ............ 45 1/4
Dec.
21.35/40
..05 up
lot.
Amer. Waterworks
41
North American Co. (New)- 131
On Paris:-
Bank Bills, on demand Non.
Credits 4 months' sight Nom.
March,
21,05/05
.05 up
Anaconda Copper
On Saigon:-
NEW YORK HIDES atpt.
On demand
..................................... 104 1/2 Dec.
14.52/52 20.01 14.57b/60a23 out.
On Manila:-
On demand. ............................................
48.1/4
On Bangkok:-
CHICAGO WHEAT July Sept.
978/97 982/98*
-1 on
1 "off"!
On demand....
149 1/2
Wednesday's Sales
20,306,600
On Sterling Notes:-
1.69n
NEW YORK COPPER
July
NEW YORK SUGAR NO. 4
July
.80+b/.81a .01 up .88b/88ja 01 up Sept.
NEW YORK.COCOA Sept.
561
Northern Pacifc
61
Atchison, T. & S, Fe.
37.
Packard Motors
2)
Aviation Corp.
31
Paramount Pictures
102
Baldwin Locomotive Co.
133
Pennsylvania R.R
Branches:
23
SATURDAY, JUNE 7, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital 830,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 80,000,000 Lacorporated by Royal Charter, 1853
Reserve Funds:
Sterling
£6,500,000 Paid-Up_Capital
H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
G. Miskia, Esq..
Chairman.
E. S. Morrison, Esq.. Hon. Mr. T. E. Pearce, Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,
Chief Manager.
.........£3,000,000- ..£3,000,000 Reserve Liability of Pro-
....£3,000,000 prietors
HEAD OFFICE: LONDON: 33, Bishopsgate E.C.2. Sub-Agencies In Landon: 117/29, Leadenhall Street, E.C.3. West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Brinch:
32, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
ALOR STAR HONG KONG PENANG, AURITAN
BANGKOK
BATAVIA
BOMBAY CALCUTTA
ILOTLO IPOK
KARACHI
KLANG
FOLE
AGENCIES: KINA
LUMPUR
RANGOON SAIGON SENEMDAN
SHANGHAI
SINGAPORE
SITIAWAN.
SOU BABAYA
TAIPING
Baltimore & ONG
34
Phillips Petroleum
Amoy
Barnsdall ou
9:3
Pullman Inc..
275
Bangkok
Johore Кобе
Rangoon
Сыта этяв
ARLIN PLACE CANTON
KUCHING
Saigon CAWNFORE
MADRAS
.06 off
Bendix Aviation
341
Pure Oll
Batavia
Kowloon
San
CARU
MANILA
Bethlehem Steel
71
Radio Corpn. of Am.
31
Bombay
Kuala
Francisco COLOMBO
MEAN
Bliss & Co., EW. (com)
141
Reading Company,
Com
14
Calcutta
Lumpur
Shanghai-
Canton
London
11.80b/90 .04 .up
Boeing Airplane Co.
154
Remington Arms Co., Inc.
41
Singapore
bushels.
Cheloo
Lyons
Sourabaya
CHICAGO CORN
July Sept.
.: 731/738. 741/741
¡N.Y. Official
Silverse 34-3/4 of N.Y./London offi Cross Rate 4.03-1/4
Borg-Warner ...
161
Republic Aviation Corp.
3
Colombo
Malacca
Surgei
34-374
Briggs Mfg. Co. of
19
Republic Steal
187
Dairen
Manila
Patani
Budd M'facturing Corp..
31
Reynold Tobac. "B"
29
Foochow
Muar
Swatow
4.03-1/4
Canadian Pacific
34
Schenley Distillers
10점
Celanese Corp.
21
Shell Union 01 *****
14
Hankow
Mukden
Tokyo
Chesapeake & Ohio
35at
Socony-Vacunum 011
Harbin
પુર
:>
BANK OF ENGLAND.
Chrysler
55
Southern Pacific
Iloilo
11
Ipoh
LONDON, June 5
(Reuter)
May 29
Jusie €
Columbia Gas & Misc.
st
Southern Rly $5 pfd.
221
Commercial Credit Co.
(000's Omitted)
231
sploer Manufacturing Co.. 304*
£
Com, & Southern (Ord,)
Standard Brands
53
Silver ad-
Consolidated Edison Co.
32,330
- 18.930
181.
Standard Gas & Elec.
Consolidated Oil
&
Standard Olof NJ.
37
110,900
121,870
Copperweld Steel"...........
131*
Studebaker Com
47
$2,120
52,050
Curtiss Wright (C.)
83
Swift International
18*
153.020
173.920
Distillers Corp. (Seagrama)
134+
Technicolor
8
ון
Douglas Aircraft
70%
Texna Corpu
#39
Government Securities
125,200
130,310
Du Pont de Nemour .......
149.
Trans-America Co.
41
Other Securities:-
Eagle Picher Lead
Bj
20th Cent, Fux Film, Cor.
51*
Discounts and Advances
17.440.
6.450.
Elec. Autolite Co
261
Union Bag & Paper Corp:
101
Securities
$4.350
19,330
Elec. Bond & Share ........
21
Union Pacific
794
Total
35,590
25.780
Elec. Bend & Share 16 pt.
58
United Aircraft
371
Notes and Colis
52,330
46,530
Elec. Bond & Share $6 pt.
591
United Airlines Trans
191
Total Ballion
"
1:250
1,960
Elec. Power & Light 37 pf.
34
United Corps.
}
Notes in circulation
620,520
635,430
Fintrote
121
United Corpn. $8 cum pf.
22
Haiphong (Joliore) Tientsin
New York Tsingtao Peiping Yokohama
Penang
PSIPING
(Peking) FOREIGN EXCHANGE and General Banking Business transacted,
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTs also opened in CURRENT ACCOUNTS opened in Local Currency, and Sterling with LOCAL CURRENCY and FIXED DE-interest allowed at rates obtainable POSITS received for one year or on application.
shorter periods in Local and other The Bank's Head Office in London Currencies on terms which will be undertakes Executor and Trustee quoted on application.
SAFE DEPOSIT BOXES various sizes to let.
business, and claims recovery of
of British Income Tax overpaid, on terms which may be ascertained at y of the Agencies and Branches,
W. H. EVANS THOMAS,
Manager.
TRUSTEE and EXECUTOR business undertaken... Hongkong, 20th February, 1941.
HONGKONG SAVINGS
BANK
DELHI HAIPHONG BANKOW
NEW YORK
TIENESIN
TONGKAR
(Bhuket)
TSINGTAO YOKOHAMA
J.
>
Ratio of Reserve to Liabilities
26.77%
25.17%
Gen. Electric
291
United Gas Improvement
71-
The Business of the above Bank
168/-
Gen Motors
371
U.S. Rubber
21}
is conducted by the HONGKONG
Gen. Railway Signal
131
0.8. Steel
54*
& SHANGHAL BANKING COR-
Gen. Tire & Rubber
101
Vanadium
Goodrich (B.F.).......
12+
Vultee Aircraft ...
tained on application,
Paid-Up Capital ......
5,598,600.00
Goodyear Tire & Rubber ...
164
Walworth C
NEW YORK, June 5 (Reuter).
May 30 (1940) May 29
June 6
Great Northern Iron Ore Great Northern Rly, pfd..
151
Warner Bros. Pict
3+
Profits
2,983, 231.50
25.
Westinghouse Elec,
91
(000's Ornitted/
*
Great Western Sigar
241
3
2,477,000 2,184,000
88.405
91.33% 2,511,000 2,231,000 19,162,000 22,578,000 9,161,000 .8.163,000
2,184,000 91.22% 2,240,000 22,579,000 8,736,000
inter. Nickel ............
Inter. Paper & Power
25
14
Int. Tel. & Tel. (Fon, Is.) 21
Woodward Iran Gor. Chase National Bank National City Bank Libby, McNell.
241*
231*
V. M. GRAYBURN,
Chief Manager, Hong Kong, 25th Feb., 1939.
241
THE CHASE BANK
Iլ 4 կղ
Mercantile Bank of. In-
1940/41 High Low Dow Jones Averages
Industrials 183.69 116.30 30
dia, £5, "C"
29.75 2054 20
Raila
111
20.05 17.92 10
Utilities
נן
Spot.
Pekin Syndicate ......
1/-
92.19 89.56 40
Bat de
DOW JONES AVERAGE ·
June 6, 1941. June. 4, High Low Close 117.68 1180 117.59 118.13 27.68 27.82 27.67 27.72 17.95 17.18 17.48 17.13. 91.06
Change .45 up
HEAD OFFICE:
C4 up
S'hai Elec, Constr. Co,
16/-
69.76 55.45 11
Commodity Index. 69.66
15
22
Bar Silver per os... 23 3/8
Market Report
FROM ROZA BROS.
Friday, June 6.
Silver prices dropped 1/16 yes- terday for both deliveries, the quotations being 23.3/8 for both Ready and Forward.
vices reported speculators as hav- ing sold to a small extent. market
The American at 34.3,8 for
was steady. Silver was quoted
Spot.
The London/New York cross- rate was quoted at 4021/2. New York/London was quoted at 403.- 1/4.
Quiet!
MARKET
STERLING
There were sellers at 1/3 up to August, buyers. at 1/3.1/32 for any delivery.
U. S. DOLLARS
No business was reported. There were sellers at 24.7/16 for near and forward; buyers at 24.1/2 for any delivery.
SHANGHAI DOLLARS Business was done during the early part of the morning at 453,- 1/2, 453.1/4, 453 and 452.3/4. The market closed at lunch time with sellers at 452, buyers at 452.1/2.
SHANGHAI MARKET
· Sterling opened with sellers at 3.5/16 and then receded to 3.19/84. The market closed at lunch time at 3.5/18 for
with sellers again
US Dollars steady with
sellers at 53/8 for Spot.
AFTERNOON MARKET
The market was quiet in the afternoon.
The
STERLING Nothing doing.
market closed with sellers at 1/3.1/32 for any delivery.
U. S. DOLLARS The market closed with sellers) at 247/16 for near and forward,
Public Deporta Other Deposits:-
Bankers
Other Accounts Total
Prica of Gold at which holdings are valued... 188/-
Bills Bought
FEDERAL RESERVE SYSTEM RETURNS
US Securities held
Federal Reserve Ratio. Federal Reserve Credit Outstanding Monetary Gold Stocks Industrial Advances
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, June 5.
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission; "
buyers at 24.1/2 for any "delivery War Loan, 3% (ed. No business was reported.
SHANGHAI DOLLARS
Closed with sellers at 452.1/4. Canton-Kloon Rly. 5%
buyers probably at 452.3/4.
SHANGHAI MARKET
S'hai Waterworks "A" Union Insurance Gula Kalumpong Rubber 15 Lon., Mid. & Scot., Rly. 12 Great Western Rly. National Bank of India B.-A. Tob. (bearer)..... Dunlop Rubber.... Bristol Aeroplane Imperial Chemical Ind. 30/7) United Steel
324
31
81/10) 32/10) 30/3
SILVER MARKET
LONDON SILVER
London, June 5. (Reuter). Silver-Little speculative selling absorbed by the trade. Market steady. 'In the afternoon, the market was steady with no busi-
Spot, 23-3/8d.
Forward, 23-3/8d.
BOMBAY SILVER
Bombay, June 5 (Reuter).
23/41
Woolworths
43/9
ness.
after 1952) Defence Loan. 3%
103-7/16-
Marsman Investments
6/3
101-1/2
Western Holdings
11/-
9
Sub-Nizel
140/-
Chinese 44% Gold Loan
1898 (Brit, Issue)
Shell Trans. & Trad.
+38
(bearer)
40/-
#bid.
ex, div.
Market-Quiet
Offtake 150 bars.
38
Indian Mint Silver
Chin. 44% Anglo-French
Loan, 1908
37
Ready
Chinese 5% Crisp Loan
June 20 Settlement
1912
21
Bar Gold, Fine per oz., 168/-
July 19 Bettlement
Closed with sellers of Sterling Chinese 5% Gold Bonds.
at 3.5/16 ang UBS at 5.3/8 for] Spot.
Shanghai Exchange
Shanghai, June 6 (Reuter).
Official TT. Rates
London
New York
..
India
Japan
Paris Hongkong
Sterling
Gellers
Opening. Closing 0/3-5/16 0/3-5/16 0/3-5/16 0/3.5/10. 0/3-5/16 0/3-5/18
..1925/41 ..............................
Chinese 5% Reorg. Loan
1913 Ldn. 15.)
Chinese 8% Ster: Notes
1925 (Vickers)
Chin. Imperial Rly. 6%
Loan
གླུ་སྐྱཆ ུd : ཝུཤྩ ་ཤྭ
31
7-9
LONDON GOLD
London, June 5 (Reuter).
133 up 01.02 .04 off 83.84 .02 of Business Done:- $00,000 shares
LONDON METALS
EXCHANGE
London, June 5 (Reuter).
Middle Standard, Cash,
Tin, Price, £238-3/8
Tin, Standard, 3 months, Middle Price, £266-1/8.
Small buying interest found, sel- lers most reluctant. After hours 15 tons $268-3/4 buyers 2266-1/2 paid and buyers.
BROKERS
and
LOANS
New York, June 5 (Reuter). Loans on securities to brokers in New York:
62-10 WK.-ended WK.-ended Wk -ended $2.08
5/6/41 29/5/41 30/5/40. 62-07 $350,000,000 $427,000,000 $359,000,000
Opening 0/3-1/4 5-1/4 12 22-1/4
48
Honan Rly. 5%
10
Bukuang Rly, 5%. 1911
nominal 21-5/8
STEAM NAVIGATION COMPANY LTD.
(LAP. N/Y Issue)
14
Hukuang Rly. 5%. 1911
Oporating Services for Cargo and Passengers
(German Issue)
13
Lung Tsing & Hai
Rly. 5%, 1913
TO-
Spot
S'hai-Ning Rly. 5%
14
June
Tientsin-Pukow Rly. 5%
July
(Brit, Stpd.)
-10
SINGAPORE, PENANG, and CALCUTTA
U.S. Dollars
Tientsin-Pukow Rly, 5%
Spor
$5-3/8
35-3/8
(German Sipd.)
10
.June
5-3/8
July
6-3/8
5-3/8 5-3/8
| Tientsin-Bukow Bly. 5%
Market: Quiet.
(Brit. Stpd. Supl. Loan) Tientsin-Pukow· Rly, 5%
LO
All steamers berth alongside
the Roosevelt Terminal in
the French Concassion at
-(-Cer: atpa. Supi, Loan)-
10.
BANK OF EAST ASIA, LIMITED
PORATION. Rules may be Db-Authorised Capital 810,000,000.00
For the HONGKONG & BEANGHAI Reserve and Undivided
BANKING CORPORATION.
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors:
HON. SIR SHOUSON CHOW, Chairman
15, QUEEN'S ROAD, CENTRAL Li Koon Chun, Esq.
18, PINE STREET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the priçcipal Markets. of the Interest Rates on Application.
world.
www.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK NEW YOLE, with Resources of Over U.8.82,800,000,000.
D. L. BALLANTYNE,
Manager
THE MERCANTILE BANK OF INDIA, LIMITED
Head Ofco:-15, Gracechurch Street," London, EC.3 thorised Capital
Subscribed Capital ...
Reserve Fund and Best,
Paid-up Capital.
Ipoh
Jadon
Xbastan
Kandy
Krschi
£3,000,000
21,800,000
€1,050,000
£1,254,639
New York Penny XANFOOD Shanghai
Sim!
Bingapore
Li Lan Sang, Esq. Wong Can Son, Esq.
P. K. Kwok, Esq. Wong Yan Torg, Esq. Fang Ping Wah Esq. Chan hing Bhez, Esq.
KAN TONG PO, Esq, Chief Manager HON. MR. LI TSE FONG, Manager
Amoy Patavi Peaber
Branches and Agencies:
Haiphong Baskow
lozolnin
Zoba
Kowloon Pinasiz stayspore Londond Bangoon Bourabays Manila "Baigon. Bwtow Mébanero San Fran. Sydney
aleen Teatein XaYdeattle Yanmater
Party Pelping
Semarang Shanghal
Every description of Banking and Exchange business transacted. Loan granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Our rencies on terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
"Silver Duty RateTM
The Central Bank of China's Jap. 6% Ster. Loan, 1824 27 rate on London at 10 am. today Ger. 7% Intl, Loan, 1924 “ was 1/2-1/2d.
The Equalisation rate was 24 HK & S'hal Banking per cent..
Calcutta Exchange
Calcutta, June 5 (Reuter). T.T. on Japan, 81-1/2,
Chartered Bank
Corp. (Ldn, Reg.)...... HK. & 8'hat Banking
Corp. (Col. Reg.) .... Chinese Eng, & Mining
(bearer) Chosen Corporation.
፧
751
79
17/.
INDO-CHINA
SWATOW, SHANGHAL TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SANDAKAN
HAIPHONG
"Shanghai," where passengers
and cargo are landed.
For further particulars
please apply tom.
JARDINE MATHESON&Co.,LTD. TELEPHONE TOJIL - GENERAL MANAGERS -
BANKERS:
The Bank of England and Midland
Bangkok Bombay Calcutta Colombo
Dethi Quile
Bank. Ltd. BRANCHES: ..
Kota Bharu Hongkong Kala Lápi Hewrab
Xata Lampar
Kuala Trenggan Madr
HONG KONG BRANCH: Every description of Banking and Exchange buzinase transacted,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
rency o FIXED DEPOSITS red in Local
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN
INTERNATIONAL EXCHANGE.
BANK PAID-UP CAPITAL $10,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of
CURRENT LO00UETS opened in Local Car Currency & STERLING on terms that may be the World, we are able to extend
certained on Kpyllostion.
D. BENSON,
Manager
WANT-ADS
ans
Quick!
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 SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds
and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.