Hon. Mr. S. H. Dodwell, G. Miskin, Esq.,
K. 8. Morrison, Esq.,
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In: London: 117/122, Leadenhall Street, E.0.8. West End, Branch: 14/19, Cockapur Street, B.W.1. Manchester Briach:
52, Mosley Street, Manchester,
AGENCIES AND BRANCHES;
ALOR STAR HONG KONG PENANG AMRITSAR ILOILO
IPOЯ KARACHI KLANG
BANGKOK BATAVIA
BOMBAY
CALCUTTA
ROTE
LUMPUA
AGENCIES: KUALA ULAVE MERELT FAJEZIK PLACE CANTON
CAWNPORE CEBV
Francisco CAMBO
Singapore
Sunge
Swatow
(Johore) Tientsin
Tokyo
New York Tsingtao Peiping Yokohama Penang
HAIPHONG BANKOW
MADRAS
MANILA
NEW YORK PEIFING
(Poking)
BANGOON SAIGON
SEREMBAN
SHANGHAI SINGAPORE 8ITIAWAN SOURABAYA
TAIPING TIRNTAIN TONGHAH
(Bhuket)
THINOTAO YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
Prev.
High
13.04 14.03 21.10 21.10
On demand
440
On Bingapore:—
July
On demand
02 3/4
Oct.
Closing Ranges Changes N.Y. COTTON: Notice date-25/0
14.00/01 14.23/23
New York, June 16.
Low Close Change
13.95 14.00 06 up 21.00 21.05b 05 off 14,75 14.75 14.50 14.50 19 uff
100 1011 991 100
up 731 731 727 738 44 up
Closing Ranges Changes
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE 17, 1841.
On London:--
Telegraphic Transter. 1/2 7/8 Bank Bills, on demand 1/8 7/8 Credits 4 months sight
On Shanghai:--
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, July New York Rubber, July New York Hides, Sept. Chicago Wheat, July Chicago Corn, July
NEW YORK STOCK EXCHANGE
QUOTATION (REUTER'S SERVICE) JUNE 17, 1941.
Last Sale
STOCKS
Johnsmanvillo
Kennecott Copper Libbey-Owens-Ford
Sterling
STOCKS
Last Sale
A
June 16
June 18
Resorve Liability of
WEDNESDAY, JUNE 18, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
Authorised Capital 350,000,000
AND CHINA
Issued & Fully Paid-Up 820,000,000 | Incorporated by Royal Charter, 1858
Reserve Funds:
H.K. Currency Reserve $10,000,000 Reserve Fund
6,500,000 Paid-Up Capital
Adams Express
8
60
Proprietors
$20,000,000
Beserve Liability of Pre-
prietors
£3,000,000 £3,000,000
-£3,000,000
Alleghany Steel Co.
227
37
Head Office:-HONG KONG
Allis Chalmers
384
Glass 274
CHICAGO CORN:
Amer, Can
83
Lockheed Aircraft
24
06 up
July
12 up
Sept.
73@/731 751/751
up
American Cyanamid B
374
Loew's Inc.
30
up
Amer. & Foreign Power
On Japan
Dec,
14.32/33
11 up
NEW YORK LARD:
On demand
102
Jan.
14.35 N
.10 up
Amer & Foreign $7 pi.... Amer, Locomotive Co.
204
Martin, Glen Montgomery Ward
28
Board of Directors: Hon. Mr. J. J. Paterson,
357
W. H. Lock, Esq.,
12
National Aviation
B+
Sept.
On India:-
Mar.
14.39/30
.10 up
Telegraphic
Transfer.
May
14.40/40
10 up
........... 10.47 A N.P. BLACK PEPPER:
.05 up
Ohairman.
Deputy Chairman
Amer. Metals
174
Nat, Dairy Products
131
J. K. Bousfield, Esq..
Amer. Radiator
61
National Distillers
194
and demand
82 6/8
A. H. Compton, Esq..
Saturday's sales:-97,500 bales.
Sept
5.94/94
06 off
Amer. Rolling Mi
14
Nat, Power & Light
62
L. J. Davies, Esq.,
On New York:--
Amer, Sting and R'ing Co.
41
National Supply Corp.
в
Bank Bila, on demand 24 1x Credlis, 80 days' sight 24 7je
On Batavia:-
July
On demand
40 1/4
Sept
N.Y. RUBBER: Notice date-27/8
05 of 05 off
NY, COTTONSEED OI: July
Amer. Sugar Refining
17
New York Cential
11,72,808
.32 up
Amer. Tel & Tel
156
Niagara Hudson Power
21
21.05b/15a 20.75/75
Dec.
20 70b/75m
-05 up
On Paris:-
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
Mar
20.55b/802
.05 up
July Sept.
N.Y. SUGAR No. 3: Notice date 24/8
2,57b/588 2.57b/588
Amer Tobacco "B"
671
N. American Aviation
141
Hon. Mr. T. E. Pearce,
Amer, Waterworks
49
.01 up unch.
North American Co. (New)
12+
Hon. Mr. A. L Shields,
Anaconda Copper
28
Northern Pacine
B
Atchison, T. & 8. Fr.
20+
Packard Motors
24
Bir Vandeleur M. Grayburn,
Chief Manager.
May
20,40 N
10 up
Bustness done:-185 lots.
Aviation Corp.
91
Paramount Pictures
107
Branches:
On Balgon:-
On demand
304 1/2
Total sales:-530 tons.
NEW YORK HIDES:
NY, SUGAB No. 4: Notice date 17/6
Baldwin Locomotive Co.
141
Pennsylvania R.R.
23
On Manila:-
On demand
48 1/4
On Bangkok:--
Sept Dec
14.56/57
19 off
July ¡Sept
.854b/.868
.00 off
Baltimore & Oblu
38
Phillips Petroleurn
434
Amoy
Johore
.93b/.9340
014 up
Barnsdall Ou
91
Pullman Inc.....
26
Bangkok
Kobe
Batavia
Kowloon
Rangoon Saigon San
KUCHING
Bendix Aviation
351
Pure Oll
94
14.58b/60a
20 off
On demand
148 1/2
Total sales:-154 lots.
On Sterling Notem:---
Bank Buying Rate
Nom.
CHICAGO WHEAT
Business done:-504 lots. NEW YORK COCOA Sept.
Bethlehem Steel
721
Bombay
Kuala
MEDAN
Radio Corpn. of Am.
4
Calcutta
Lumpur Shanghai DELHI
Bliss & Co., EW. (com.)...
100
Reading Company,
Com
14)
Canton
London
7.81 N
.03 up
Boeing Airplane Co.
16
Remington Arms Co., Inc.
48*
Chefoo
Lyons
Borg-Warner
17
Republic Aviation Corp....
31*
Colombo
Malacca
Bar Silver per os.
28 ₤38
July Sept.
Saturday's sales:
MARKET
£
1037
1007
8
38
38
37
21
31
7-9
Chin. Imperial Rly, 5%
Loan
48
in
the Honan Rly, 5% 1905
10
Hukuang Rly. 5%. 1911
(LP. N/Y Issue) Hukuang Rly. 5%. 1911
14
(German Issue)
13
Lung Tsing &
U Hai
sellers
at 24.7/10 for near and forward,
Rly. 5%, 1913 S'hai-N'king Rly. 5%. Tientsin-Pukow Rly, 5%.
(Brit, Btpd.)
9
14
10
A small business was
done
At
Tientsin-Pukow Rly, 5%
(German Stpd.)
10
business.
449. At the close there were sellers
Tientsin-Pukow Rly, 5%
Forward, 23-3/84.
at 448.1/2. buyers at 448.3/4.
SHANGHAI MARKET
Sterling opened with sellers
atį
(Brit. Stpd. Supi, Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supi, Loan)
10
Spot, 23-3/8d
10
Market Report
FROM ROZA BKOS.
Tuesday June 17
Silver prices were unchanged! yesterday, the quotations remain- ing at 23.3/8 for Ready and For- ward Silver advices reported the market as being steady with no! business done. American Silver was! quoted at 34.3/4 for Spot.
The London-New York cross- New rate was quoted at 402.1/2 York/London was quoted at 403.
Stagnant.
STERLING There were sellers at 1/3 up to September, buyers at 1/31/32 for any delivery.
U. S. DOLLARS There were sellers at 24.7/18 for near and forward, buyers at 24. 1/2 for Cash,
SHANGHAI DOLLARS Opened with sellers at 451. Later some business Was arranged at 450.1/2. 450,1/4 and 450. The mar- ket closed with sellers at 449.1/2 buyers at 449.3/4.
SHANGHAI MARKET Sterling sellers for Spot at 3.21/ 84. U.S. Dollars opened wih sellers at 6.13/32 for Spot. Subsequently; the rate rose to 5.7/16 for Spot.
AFTERNOON MARKET
quiet The market wag afternoon.
STERLING
The market closed with sellers
at 1/3 up to September, buyers at
1/8.1/32 for any delivery.
U. S. DOLLARS
The market closed with
buyers at 24.1/2 for Cash.
SHANGHAI DOLLARS
busheis.
upN.Y. COFFER: Notice date 27/6
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, June 16.
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.
War Loan, 3% (Red
after 1952) Defence Loan, 3%..... Canton-K'loon Rly. 5% Chinese 44% Gold Loan 1898 (Bril Issue)...... Chinese 5% Gold Bonds.
1925/47
Chin. 44% Anglo-French
Lan, 1998
Chinese 5% Crisp Loan
1912 Chinese 6% Reorg. Loan
1913 (Ldn. Is.) Chinese 8% Ster. Notes
1925 (Vickers)
NY. Official Silver N.Y./London Cross Rate 4.03-3/4
H.K. Stock Exchange
BUYERS
Bank of East Asia, $711. H.K, Fire Ins., $176. Indo-Chinas (Pret.). $80. H.K. Docks, $15. Hotels, $2.90.
Realties, $2.80. Macao Electrics. $18.40, Entertalaments, $6. SELLERS
Ropes, $74.
SALES
Electrics Rts., $11. Macao Electrics. $18,
100/1000
Briggs Mfg. Co.
20
Republic Steel
183
Dairen
Manila
1024/1024
up July
11,243.000
11.90b/12.00 15 o 34-3/4
Budd M'facturing Corp.
4
Reynold Tobac, "B"
302
Toochow
Muar
Canadian Pacifie
4
Schenley Distillers
Haiphong
DA
Hankow
Mukden
Celanese Corp.
22†
Shell Enlon Oil
132
Harbin
Chesapeake & Ohio
304
Socony-Vacunum Of
9
Iloilo
Chrysler
67)
Southern Pacific
114
Ipoli
Columbia Gas & Elec.
3}
Southem Ely $5 prd.
24
Commercial Credit Co.
231
Spicer Manufacturing Co
31*
Com, & Southern Ord › Consolidated Edison Co...
Standard Brands
SA
-183
Standard Gas & Elec.
7/16
Consolidated O
6
Standard Ol of NJ.
391
Copperweld Steel
142
Studebaker Com.
5A
Curtiss Wright (C.)
81
Swift International
184
quoted on application.
Distillers Corp. (Seagrama
14
Technicolor
SAFE DEPOSIT
BOXES
Douglas Aircraft
692
Texas Corpn.
39
various sizes to let.
Du Pont de Nemours
1504
Frans-America Co.
42
Eagle Ploher Lead
84.
20th Cent, Fox Film, Com.
52
Elec. Autolite Co.
291
Union Bag & Paper Corp.
11
Elec Bond & Share
21
Union Pacific
801
Elec. Bond & Share $5 pt.
518
United Aircraft
30A
Elec, Bond & Share $8 pf.
561
United Atrines Trans
101
Elec, Power & Light $7 pl.
33+
United Corpn
+
Hintkote
124
United Corp. $3 cum pf.
221
Gen, Electric
319
United Gas Improvement
77
Gen. Motors, .......
38+
US. Rubber.
210
Gen. Rallway Signal
13*
U.S. Steel
557-
Gen. Tire & Rubber ....
10%
Vanadium
247
ob
Goodrich (B.F.) .......
121
Valtec Aircraft
T
LONDON METALS
Goodyear Tire & Rubber ...
17/
Walworth Co.
44
Profits
Great Northern Iron Ore ..
18
Warner Bros. Pict.
34
Great Northern Rly, pfd.
251
Westinghouse Elec.
942
Great Western Sugar Inter. Nickel
241
Woodward Iron Cor.
274*
251
Chase National Bank
29)
142
National City Bank
252
23*
Libby, McNell
DOW JONES AVERAGE
June 17, 1941, June. 14, High Low Close 128,04 122.58 121.79 121.95
28.31
Chango .09 of
28.24 20.08 28.10
.21 off
17.50 17.03 17.49 17.55
91.18
91.18 71.42
.03 up .02 up
3.21/64. Subsequently the rate rose Jap, 6% Ster, Loan. 1924 251 to 3.11/32 and last advices re- Ger. 7% Intl. Loan, 1924 4 ported sellers at 3.21/64 for Spot. Chartered Bank
UB., Dollars sellors at 5.7/16 for H.K. & S'hal Banking
Spot.
Shanghai Exchange Chinese Eng. & Mining
Shanghai, June 17 (Reuter).
EXCHANGE
London. June 18 (Reuter).
Standard, Cash. Middle
Fin. Price. £281-7/8.
Tin, Standard, 3 months. Middle Price, £263-7/8.
Market steadier. Improvement is considered to be reaction from last week's slump with buyers more prominent, while British consum- ers are bargain-hunting. After hours, the market was again harder 25 tona at £2621 buyers.
SILVER MARKET
LONDON SILVER
London, June 18 (Reuter), Bllver-Market steady with no
BOMBAY SİLVER
Bombay, June 18 (Reuter). Market-Quiet. Offtake 100 bars
Indian Mint Silver
82
Corp. (Lán, Reg.) .....
764
H.K. & St Banking
Ready
62-15 June 20 Settlement 62-14 July 20 Settlement...... 02-11
Corp. (Col. Reg.)......
791
(bearer)....
11/-
LONDON GOLD
Chosen Corporation
47-
Opening
Mercantile Bank of In.
London, June 18 (Reuter). Bar Gold, Fine per oz., 168/-
0/9-1/4
dia, £5, "C"
11
5-1/4
Pekin Syndicate
1/~
22-1/4
S'hat Elec, Constr.. Co,
16/-
19
B'hat Waterworks "A"
15
nominal 21-5/8
Union Insurance
22
Omcisi T.T. Rates
London
New York
Japan
India
Paris
Hongkong ......
June
Sterling
Bellers
Opening Closing 0/8-21/04 0/3-21/64 0/3-21/64 0/8-21/04 0/8-21/64 0/9-21/04 U.B. Dollars
$5-13/32 $5--7/16
5-19/32
Gula Kalumpong Rubber 16 Lon., Mid. & Scot., Rly. 124 Great Western Rly...... 347 National Bank of India 32) B-A Tob. (bearer)
Boot
July
Spot
Jurie
July
5-7/18
Inter. Paper & Power Int. Tel. & Tel, (Fon, 19.)
1940/41 High Low Dow Jones Averages
Industrials Raila Utilities Bonds
133.60 115,30 30 20.75 26.64 20 20.86 17.22 15 92,19 89.58 40 71.38 55.45 11
Commodity Index
Business Done: 340,000 shares
FOOD-PRODUCING | HONGKONG
DISTRICTS
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Tuesday, June 17, 1941, SALES
CHUNGKING, June 17 (Central) With a view to increasing the food supply Free China, the Ministry of Agriculture and Fores
Cements try, has marked out Szechwan,
HK. Tramways Kwelchow, Hunan, Yunnan,
Ropes Kwangsl, Fukien, Cheklang. Kansu, Macau Electrics Sheng, Honan and Sikong £$ food-producing districts and ap- propriated $9,500,000 for the task.
If the resulta are found anti-.. factory, further appropriations will be made in the latter half of this year.
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 Accouxrs 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 Ofice in Londen Currencies on terms which will be undertakes Executor and Trustee
of
TRUSTEE and EXECUTOR business undertaken, Hongkong, 28th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules may be tained on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
18. QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
48, PINK STREET,
NEW YORK. An American Bank offering con.
plete Foreign Banking Service in the principal Markets of the world.
SAFE DEPOSIT BOXES
This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over U.S.8.3,800,000,000.
D. L. BALLANTYNE,
500 $1375 500 16.10 600 7.40 100 18:50
12th June 1941.
1,600
The total value is $80,475,00.
the various provinces to inspect Officials will be despatched to tood production.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
83/9
Dunlop Rubber.....
Operating Services for Cargo and Passengers.
33/4
Bristol Aeroplane
10/7
TO-
Imperial Chemical Ind. 31/-
United Stool
23/9
and TIENTSIN.
5-7/16
Woolworths
48/0
KOBE and OSAKA
6-7/10
Marsman Investments
0/3
Western Holdings 147- Sub-Nigel Shell Trans.,, & Trad,
(bearer)
141/3
42/6
* bid.
‡ ex div.
Market: Quiet but steady..
Silver Duty Rate
The Central Bank of China's rate on London at 10 am. today was, 1/2-1/2d.
The Equalisation rate was 24 por cent.
Calcutta Exchange -
Calcutta, June 10 (Beuter),
TT on Japan. 81-1/2
India Rupon Paper
Bombay, June 16 (Router). Ontki Rupee 95-14-04
FEDERAL RESERVE
RETURNS
New York, June 18 (Router),
Juan 9′′ funs 10. FEV(000% Omitted):
Tolá! Lost $10,183,016. 110,238,000 Investanánta - 17,878,000 17.803.000
SWATOW, SHANGHAI, TSINGTAU, CHEWOO
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All stormera berth alongside.
the Roosevelt Tormal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particulara
plesso apply to
Manager
THE MERCANTILE BANK
OF INDIA, LIMITED
Head Office-15, Gracechurch Streat. London, E03
Authorised Capital |
Haberived Capital. Paid-up Capital
Ramzys Fund and. Baat,”
BANKERS:
£3,000,000
€3,800,000 £1,080,000
21,261,859
The Bank of England and Midland
Bank, Ltd.
BRANCHES:
Ландкой 1pcb.
Bomby Calcatta Colombo
Ixell
Galle
Kanto
Kendy
impl
Kota Bharu
Kania. Eiple-
Madras
New York
business, and claims recovery of British Income Tax overpaid, on terms which may be accortained at sny of the Agencies and Branches,
W. H. EVANS THOMAS,
Manager.
BANK OF EAST ASIA, LIMITED
Authorised Capital $10,000,000.00 Paid-Up Capital 5,508,600.00 Reserve and Undivided
1,953,201.50
Head Office:--HONG KONG No. 10 Das Voeux. Road, Central
Board of Directors: HON. SIR SHOVEDN CHOW, Chairman Li Koon Chan, Esq. F. K Krok. Eng.
Li Lan Sang, Esq. Wong Chm Son, Baq. Wong Yan Tog. Esq. Feny Pir g Web Esq. Chan hing Shok, Eaq.
KAN TONO PO, Esq, Chief Manager HON. MR. Lr Tan Posa, Manager
Branches and Agencies:
Hoerloos Perenne Słajspore
Lautan Hangcoa Babaya
Amoy
Batavi
azailn Boobay
Galetilta
Melbourne
Katphon
Kankon
Now I
Anali
Koba
Pacis
Helping
Balgon
·HWADOW
Ban Fran- "Sydney
deathle Vancouver Nemacang
Shanghal
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposite re-
ceived for one year or shorter periods in Local and Foreign Cur-. ronoies on terma which will be quoted on application,"
SAFE DEPOSIT BOXES TO LET
KAN TONG PO,.
Chief Manager.
BANK OF CHINA
Specially Chartered by
Kuala Tronggowa | THE NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL EXCHANGE
SRBANK
Penang Hangoon
Shanghai
Biml Hongkong
Howrah Kuels. Lumpar.... ŠloraPOTE
HONG KONG BRANCH;
Every' demaription "od Hanking, and' Bechrugë `basiness.transsobed, b
TRUSTEE AND EXECUTORSHIP
BMA UNDERTAKEN
PAID UP CAPITAL $40,000,000.00 (Bhanones ALL OVER QEINA)
Owing
to our numerous, Branches
in China and connections in thỏ.
OUREENT ACCOUNTS opened in Local Our principal Commercial Centres of Indy Bill FIXED DEPOSITC racaired Se Lood the World, wo Ers able to extend Currener & BERZING on Crow that may be to our Clients special facilities for Kroutiniest of mpg liontơn.
Domestic and Foreign Banking and
·BENSON"
WANT-ADS
Exchange.
Head OfooSHANGHAT
Hong Kong Branch =
QUEEN'S ROAD, C. South China Officers /
CANTON SWATOW SHIUCHOW":
KONGMOON TOIBHANK KINGCHOW
We also handle the issue of Bonds and other Publip Funds of the Chinelo Government both at Home And Ab
CHEN