t
!
G. Miskin, Esq.,
FRIDAY, JUNE 20, 1941,
BANKS
•
Chairman.
K. S. Morrison. Esq..
Hon. Mr. T. E. Pearos,
Hon. Mr. A. L. Shields, Sir Vandeleur M. Graybura,
35, Bishopagate E.0.2. Sub-Agencies in London:
117/182, Ladenhall Street, E.0.3. West End Branch: 14/10, Cockspur Street, 8.W.1. Manchester Branch:
52, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
ALOR STAR HONG KONG PENANG AMKITSAR
ILOILO
IPOH KARACHI KLANG
Chief Manager. CALOUTTA
KODE
AGENCIES: KUALA Glava STREET FAIR PLACE
DAWNPORN MADLAB CEBU Francisco coŁOMBO
Singapore Sourabaya
Malacca Sungei Manila
Muar
Patani Swatow (Johore) Tientsik Mukden
Tokyo New York Tsingtau Priping Yokohama Penang
DELHI HAIPHONG HANKOW
MEDAN
NEW YORK
PRIPING
ROURABAYA
TAIPING TIENTS IN TUNGKAH
TSINGTAO
YOKOHAMA
(Peking) FOREIGN EXCHANGE and General Banking Business transacted,
CURRENT ACCOUNTS opened and Fix DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted or application.
Cotton, July New York Rubber, July New York Hides, Sept. Chicago Whisat, July Chicago Corn, July
8 8 8 8 8
43%
On Singapore :---
On Japan:-
On demand
Closing Ranges Changes N.Y. COTTON; Notice date-25/6
July
14.05 05
15 off
Ort
New York, June 18. Prev High Low огоде Change
14.20 14.25 14.05 14.05 15 011
21.00
21.11b .11 up 14.70b 14.70 14.00 14.65 06 of
1001 1004 984 983 7318 731 721 731
Closing Ranges Changes
CHICAGO CORN:
14.25/25
.15 off
July Sept.
731/731 751/751
623%
Dec.
1435/38
.15 uff
NEW YORK LARD:
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
NEW YORK COMMODITY MARKET
CLOSING QUOTATIONS New York
JUNE 19, 1941
On London:-
Telegraphic Transfer. 27 Bank Bills, on demand 1/928 Credits 4 months" sight On Shanghai :-
On demand
On demand
(REUTER'S SERVICE)
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
JUNE 19, 1941.
STOCKS
Johnsmanville
Kennecote Copper Libbey-Owens-Ford
1 off unch
STOCKS
Last Sale
Last Sale
June 18.
June 18
$20,000,000
HONGKONG & SHANGHAI
BANKING CORPORATION
Authorised Capital.
--... $60,000,000
THE CHARTERED BANK OF
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858
Reserve Funds Sterling
... 6,300,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Proprietors
£3,000,000
£3,000,000
Reserve Liability of Pre-
prietors
£3,000,000
Adams Express
€
62
Alleghany Steel Co.
224
37
Head Office:--BONO KONG
HEAD OFFICE: LONDON:
Allis Chalmers
391
Glass
28
unch
i up!
Amer. Can
851
Lockheed Aircraft
241
American Cyanamid 8
37+
Jull
14.37/37
1b off
Sept
10.52b
.09 off
102
Mur
On India:-
felegraphle Transfer.
May
14.40/41 14.41:41
15 T
Amer. & Foreign Power Amer & Foreign $7 pt. Amer, Locomotive Co.
Loew's Inc. Martin, Glen L. Co.
30
Board of Directors: Hou, Mr. J. J. Paterson,
28
21
Montgomery Ward
352
W. H. Lock, Esq.,
138
National Aviation
84
Deputy Chairmati
.15 off
N.X. BLACK PEPPER:
Amer, Metais
172
Nat. Dalry Products
134
J. K. Bousfeld, Esq.,
Amer. Radiator
ON
National Distillers
20
A. H. Compton, Esq.,
and demand
On New York:--
NY. RUBBER. Notice date-276
Tuesday's sales:-200,100 bales
NY, COTTONSEED OIL:
Sept.
6.00/00
anch.
Amer. Rolling MIU
146
L. J. Davies, Esq.,
Nat Power & Light
Amer. Sting and R'ing Co.
414
Hon. Mr. S. H. Dodwell,
National Supply Corp.
6+
Bank Bills, on demand 24/4 Credits, 60 days sight 2475
July
11.87b/99
12 up:
Amer Sugar Refining
174
New York Central
121
July
21.11b
11 up
Amer. Tel & Tel.
158
Sept
20.80b/85a
NY. SUGAR No. 3: Notice date 24/6
Niagara Hudson Power
21
08 Up
Amer. Tobacco "B"
684
N. American Aviation
14
8 8
On Batavia:-
Dec
20.1 /76
De up
July
2.58b/808
.02 up
Amer. Waterworks
44
North American Co. (New)
124
BANGKOK
BATAVIA
BOMDAY
RANGOON
SAIGON
SEREMBAN
SHANGHAI
On demand
45 14
Mar
20.55b
On Paris:~~
Bank Bills, on demand Nom.
May
Credits 4 months' sight Nom.
On Balgon:
On demand
144 1/2
On Manila:---
On demand
48 14
20.45 N
Total sales:-60 tons
NEW YORK HIDĖS:
Sept. Dec.
unch, unch
Sept... 2.59b/800
.02 up
Anaconda Copper
271
Northern Pacific
61
SINGAPORE
Business done:-862 lots.
Atchison, T. & Fe.
281
Packard Motors
24
SITIAWAN
NY SUGAR No. 4; Notice date 17/6)
Aviation Corp.
34
Paramount Pictures
103
July Sept
.42/b/94ja .99b/.99 a
Baldwin Locomotive Co.
15
Pennsylvania RR.
238
.04 up 03 up
Amoy
Baltimore & Obly
3+
Phillips Petroleum
438
Bangkok
14.65 68 14.67/71
05 off 04 off
Barnsdall Ou
91
Pullman Inc.
27
Batavia
Branches: Johore Rangoon Kobe Saigon Kowloon San
CANTON
LUMPUR
KUCHING
MANILA
OD Bangkok:--
Total sales--47 lots.
On demand
On Sterling Notes:-
138 1/2
CHICAGO WHEAT
Business done:-528 lots.
NEW YORK COCOA
Sept
Bendix Aviation
961
Pure Ol
91
Bombay
(Bhuket)
Kuala
Bethlehem Steel
73
Calcutta
Radio Corph, of Am.
44
Lumpur Shanghai
Bliss & Co., EW. (com.)
171
Reading Company, Com
141
Canton
London
7.92 N
.01 off
Chefoo
Boeing Airplane Co.
153
Lyons
Remington Arma Co., Inc.
**
Colombo
Bank Buying Rate
Nou
Bar Silver per os
2746
July Sept
98/99 100/100
Tuesday's sales
bushels
Spot.
Red.
1898 Brit. TRSUE Chinese 5% Gold Bonds
1925:47
38
38
SHANGHAI DOLLARS Opened with sellers at
Chin. 4% Anglo-French
Loan. 1908
Market Report
FROM ROZA BROS.
Thursday, June 19
Silver prices rose 1,16 yesterday
for both deliveries, the quotations i being 237 16 for both Ready and; Forward. Sever advices reported American sellers as being scarce
al Sliver was quoted 343.4 for
London New The
York rate was quoted at 402.1:2 York London was quoted at 403.3/4.
MARKET
Qulet.
STERLING
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
LABOUR UNREST
IN MALAYA
London, June Line Colonial Office Expert Ourtise Wright (Seat
The following quotations are the cross-middle prices at the close of the New market in London. All quotations are subject to confrmation and no responsibility is assumed for errors in transmission,
War Loan, 34%
after 1952) Defence Loan, 3% Canton Kloon Rly. 5%%% Chinese 44% Gold Loso
There were sellers at 1:3 up to: September. buyers at 1.3.1/32 for any delivery.
U. 8. DOLLARS
There were sellers at 24.1, for near and forward. buyers ag 24.9 16 for Cash.
To Conduct Inquiry
Du Pont de Nemours Eagle Plcher Lead Elec. Autolite Co. Elec Bond & Share
NY. COPPER: Notice date 27/6 là uf 1) off
July ... 11,90b/12.00 unch. 10.282,000 N.Y. Official Silver
34.3/4 4.03 3/4
Borg-Warner
162
Republic Aviation Corp.
31
Dairen
Briggs Mfg. Co.
201
Republic Steel
191
Foochow
Budd M'facturing Corp
4
Reynold Tobac.
"B"
311
Haiphong
Canadian Pacific
37
Schenley Distiller
91
Hankow
N.Y., London Cross Rule
Celanese Corp.
224
Shell Valon Oil
141
Harbin
Chesapeake & Ohio
361
Hoiln
Socony-Vacunum Ou
Chrysler
574
I poh
Southern Pacific
118
Columbia Chus & Elec
3
Southern Rly $5 pfd. ......
24
Commercial Credit Co Com, & Southern Ord.) Consolidated Edison Co. Consolidated On Copperweld Steel
221
CURRENT
Spleer Manufacturing Co
32
7/16
Standard Brands
58
187
Standard Gas & Elec.
+
57
Standard Ou of N.J.
392
341
Studebaker Com
quoted on application
8)
Swift International
184
Distillers Corp. (Seagrams) Douglas Aircraft
142
Technicolor
81
various sizes to let.
71
Texas Corpn.
391
153
Frans-America Co.
44
£
1041 100-15 16
9
37
447.1/2 Later business was arranged at
Chinese 5%, Crisp Loan
1912
21
447, 447.1/2 and 448. The market Chinese 6% Reorg. Loan closed with sellers at 448.1/2, buy ers at 449.
SHANGHAI MARKET
LONDON, June 19 (Reuter) -- Major Orde Brown, Colonial Office Labour Adviser, Is now in the Mauritius but he will proceed to Malaya in connexion with the in- quiry into the recent labour unrest, When questioned in the House of Commons as to whether Malayan Government's report yet available, the Under-Secretary for the Colonies, Mr. G. H. stated that the Colonial Secretary was consulting the High Commis- sloner with a view to securing an early investigation and conciliation in the instances of Malayan bour unrest.
મ
20th Cent Fox Film, Com.
276
Unton Bag & Paper Corp.
111
24
Union Pacific
80)
Elec. Band & Share $6 pl Elec Bond & Share $8 pt. Elec. Power & Light $7 pl
51
United Aircraft
391
57
United Airlines Trans
104
344
United Corpn.
8/16
Flintkote
12/
United Corpn. $ cum pi
224
the
Gen. Electric
328
United Gas Improvement
04
WAS
Gen Motors
39
US. Rubber
211
Gen. Rallway Signal
15
[US, Steel
56
Hall
Gen. Tire & Rubber Goodrich (B.F.) Goodyear Tire & Rubber Great Northern Iron Ore Great Northern Rly, pfd
Vanadium
254
5,598,600.00
134
Vultee Aircraft
71
178
Walworth Co.
41
16
Warner Bros, Plet.
31
252
Westinghouse Elec,
98)
La-
Great Western Sugar
237
Woodward Iron Cor.
27*
Inter. Nickel ....
26
Chase National Bank
29+
1913 (Ldn 181
31
Chinese 8% Ster. Notes
1925 (Vickers
Mr. Sorensen asked whether the
Inter. Paper & Power
141
National City Bank
201
Int. Tel. & Tel. (Fon. 19.)
22*
7-9
inquiry
would be comprensivej
Libby, McNefi
There were sellers.
US
of Sterling Dollars
Chin Imperial Rly. S
covering the political,
economic
DOW JONES AVERAGE
Loan ...... Honan Rly, 5%, 1905
48
and other aspects and
MT
Hall
10
said that is would be a matter for
1940/41
June 19, 1941,
Hukuang Rly. 5% 1911
LP. N/Y Isquel Hukuang Rly. 5% 1911
(German Issue)
14
the High Commissioner to the scope of the Inquiry
decide
Low Dow Jones Averages High
Industrials 123.60 10.30 30
Juno. 17, High Low Close
123.12
124.31 123.17 123,50
Change .38 up
29.75
Raile 29,54 20
28.10
28.45 28.21 28.29
.10 up
་
13
the Lung Tsing &
Hai
20,06 92.19 69.50 40 71.00 65.46 11
17.28 18
Utilities
17.55
18.16 17.80 17.96
Boade Commodity Index
91.10 71.66
91.11 71.30
11 up .06 # 31 of
Business Done:-580,000 shares
Rly. 5%, 1913
ShaNking Rly 5%
14
Tientsin-Pukow Rly. 5%
(Brit, Stpd.) Tientsin-Pukow Rly, 5%
10
Batavia
Boinbas
Kowloon Lyndon Manila
Itangaz
Oxisulte
Milhoora
Bau Brah
Haiphong
Yankow
New York
Monolain Kobe
Parla
Poping
Singapore Bourabaya
sellers
(German 8tpd. › Tlentsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan) Tientsin-Pukow Rly 5%
10
10
ex- the
10
25
at 3.11/32 for Spot.
opened with sellers at 3.15/32 and
at the close sellers were quoted at
5.7/16 for Cash.
AFTERNOON MARKET The market was quiet in afternoon
STERLING
The market closed with sellers
at 1/3 up to September, buyers at
1/3.1/32 for any delivery.
U. S. DOLLARS
The market closed with
at 24.1/2 for near and forward,
buyers at 24.9/16 for Cash.
84
(Ger. Stpd. Supl, Loan) Jap. 6% Ster. Loan, 1924 SHANGHAI DOLLARS
Ger. 7% Intl, Loan, 1924 4 Opened with sellers at 448.1/2. Chartered Bank
& Shal Banking arranged Later business was
at H.K.
Corp. (Lan, Reg.)..... 754 The market 448.3/4 and 449,1/4 closed with sellers at 449, huyers H.K. & 8'hai Banking
Corp. (Col. Reg.) at 449.1/2,
Chinese Eng. & Mining
(bearer)
SHANGHAI MARKET
COLONIAL EXPORTS
TO UNITED STATES
LONDON, June 19 (Reuter)— Questioned in the House of Com- the development of ions about trade with the United States and Colonial pro- South America for ducts
the Under-Secretary, Mr. Hall, declared that Colonial ports to America, especially United States, were encouraged all practicable means.
The possibility of increased ex- ports in a number of commodities has already been discussed with the United States authorities and a Colonial Office official has re- cently been sent to Washington
79
11/-
sions.
Sterling opened with sellers at Chosen Corporation ....... 4/- 3.11/32 for Spot, Subsequently the Mercantile Bank of In rate eased off to 3.21/04. U. 8.! Dollars sellers at 5.7/10 for 8pot.
Shanghai Exchange
Shanghai, June 19 (Reuter).
OMelai T.T. Rates
London
New York
Opening 0/3-1/4
dia, 5, "C"!
Pekin Syndicate
S'hal Elec, Constr. Co.
111
1/- 16
S'hal Waterworks "A"... 15 Union Insurance
22
Guis Kalampong Rubber 15
· Lon, Mid. & Scot.. Rly. 13) Great Western Rly
851
National Bank of India 321
6 5/10 22-1/2 18
B.-A. Tob. (bearer)
Dunlop Rubber
Bristol Aeroplane
23/0 33/101 10/9
United Steej
Woolworths
23/9 48/T
Marsman Investments
0/3
Opening Olosing
Western Holdings ...... Sub-Nige!
14/3 141/3
Shell Trans, & Trad.
(bearer)
44/41
* bid
tok. dlv.
Japan
India
Paris ......
Hongkong
Sterling
Bollers
nominal Imperial Chemical Ind. 91/9 21-5/8
Spot
June......
July
/3-11/32 0/3-21/64 0/9-11/32 0/3-21/04 0/3-11/32 0/3-21/04 U.S. Dollars
$3-7/10
Spot
$0-15/32
June
5-15/32
July
6-16/82
-7/10 -7/18"
Markot: Quiot.
{
Bitvor Duty Rate
The Central Bank of Oblua's
Calcutta Exchange
Calcutta, June 18 (Router) T.T on Japan. 31-1/2
rate on London at 10 ath, today India Rupee Paper
was 1/2-1/2
The Equalisation rate was 24-1/2)
per cent.
Bombay, June 18 (Reuter), Goyt 4% Rupec, 90-14-0
specially to continue
discus
LONDON METALS
EXCHANGE
London, June 18 (Reuter),
Tin, Standard, Cash. Middle Prico, £284-3/B.
Tin, Standard, 3 mentha, Middle Price, £385-3/4.
Market firm..
LONDON GOLD
London, June 18 (Reuter). Bar Gold, Pipe per os., 108/-
HONGKONG
SHAREBROKERS
ASSOCIATION Volume of Business Transacted on Thursday, June 19, 1941, SALES
418
China Providenta ... 500 $5.10 Ching Light Rts. Ropes
. 009
100
0.25
7.30
7.50
The total Valie is. $7,270.80. Govt, Loans 31% #3,000 at 941.'
RESERVE BANK OF INDIA STATEMENT
Calcutta, June 18 (Reuter).
June 6 June 13
Notes in circulation
9,570 3.557
including Notes held in the Bank- ing Department)... 29,023 29,010. Rupee Coin Bullion
in Endla wold Cot and Bul- lion in India...... Securities (Indian
Government) ........ 9,131 9,131 Securities (British
Government)
4.441 4,441
11,879 11,879 Figures in Lakhs Rupees),
SILVER MARKET
LONDON SILVER London, June 18 (Reuter). SilverSmall trade demand found sellers reluctant to sell.
Spot 23-7/164.
Forward, 23-7/164.
BOMBAY SILVER
Bombay. June 18 (Reuter). Market Quietly steady. Offtake 200 bars.
Indian Mint Silver
Ready July 19 Settlement Aug. 18 Settlement
02-14 62-12 62-11
ACCOUNTS openod
SAVINGS ACCOUNTS also opened in in Lol Currency and Sterling with LOCAL CURUENCY and FIXED DE-interest allowed at rates obtainable PUSITH received for one year or on application.
The Bank's Hand Office in London
shorter periods in Local and other Currencies on terms which will be undertakes Executor and Trustee
business, and claims recovery of
SAFE DEPOSIT BOXES of British Income Tax overpaid, on
TRUSTEE and EXECUTOR business undertaken, Hongkong 26th February, 1943,
HONGKONG SAVINGS
BANK
The Business of the shove Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules may be ob- tained on application,
For the Hongkong & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1839.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
13, PINE STREET,
NEW YORK.
An American Bank offering com
teria which may be ascertained at Buy of the Agencies and Branches. W. H EVANS THOMAS,
Manager.
BANK OF EAST ASIA, LIMITED
....$10,000,000.00
Authorised Capital Paid-Up Capital ...... Reserve and Undivided
Profits
2,983.261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directora i HON. SIE SHOUSON Cнow, Chairman La Koon Chun, Esq.
Li Lan Sang. Ee P. Kwok, Esq. Wong Che Son, Esq · Wong Yan Torg, Beq. Fong Ping Wah Esq. Chan hing Bhok, Esq.
KAN TONG Po, Eso, Chief Manager Hon. Ma, Li THE FONG, Manager
plote Foreign Banking Service in the principal Markets of the Amey
world.
SAFE DEPOSIT BOXES
This Bank is a subsidiary of The Chase National Bank, New York, with Besources of over U.5.8.3,800,000,000.
Branches and Agencies:
Penang
Balgon Nwatów
Sydory
oked Eventin
Seattle Fansonver
namkring
Shangdal
Every deeuription of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Looal Manager. Currency and Fixed Deposits re- ceived for ore year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
D. L. BALLANTYNE,
12th June 1941.
WANT-ADS ARE SURE!
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU; CHEFOO.
and TIENTSIN
KOBE and
OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the loosevelt Terminal in. the Fronch Contsesion, at Abanghai, whore passengere and cargo are landed.
For further particulars
please apply tonight
JARDINE TELEPHONE ZOS
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
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 Ovmi_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 Cliente spécial facilities for Domestic and Foreign Banking, and Exchange.
Head Office:—SHANGHAI
Hong Kong Branch
4, QUEEN'S ROAD, C.. South Okính Officea : ¦ CANTON • KONGMOON BWATOW
TOISHAN SHIUCHOW KINGOHOW
We also handle the issue of Bouds and other Public Funds of the Chinese Government both at Home and. Abroad,
BHOU CHEN,
Wanager.