Prev. High 1.ow Cose Change
1405 14.19 13.94 14 18 .13 up 21.11b 21.20 21.16' 21.20b 09 up
14 65 14.90 981 100 731 731 721
14.85
98$
CHICAGO CORN:
.... 440
July
14.18/19
13 up
Oct
14,39/40
14 up
July Sept.
52 3/4
Dec
14.49/50
14 up
NEW YORK LARD:
Jan.
14.53 N
16 up
On demand
102
Sept.
Mar
14.57,58
17 up
On India:
May
Telegraphic Janafer.
82 6/1
and demand
14.58/59
17 up Wednesday's sales:-176,400 bales Sept.
10.52/55
N.Y. BLACK PEPPER:
5,920/05R
On New York:--
N.Y. RUBBER: Nouse date-27/8
Bank Bilis, on demand 24 Credits, 60 days sight 24 7/
N.Y, COTTONSEED OIL,
July
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE 20, 1941
On London:—
Transfer. 2 7/* Telegraphic Bank Billa, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai :----
On demand
OD Singapore:-
On demand
Ob Japan:-
8 8 8 8 8
NEW YORK COMMODITY MARKET (REUTER'S SERVICE>
New York Cotton. July New York Rubber. July New York Hides, Sept. Chicago Wheat, July Chiengo Coru, July
Closing Ranges ChangeN N.Y. COTTON: Notice date-25/8
STOCKS
Adams Express
QUOTATION
(REUTER'S SERVICE)
JUNE 20, 1941.
Last Sale
NEW
YORK STOCK EXCHANGE
New York, June 19
14 85
991
unch #up
STOCKS
Laat Sale
June 19
June 19
731
$
up
54
Closing Ranges Changes
Alleghany Steel Co.
221
Aills Chalmers
29
Johnsmanville
Kennecolt Copper Libbey-Owens-Ford
632
37
SATURDAY, JUNE 21, 1941.
BANKS
HONGKONG & SHANGHAI
BANKING CORPORATION
Authorised Capital 850,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
Isued & Fully Paid Up $20,000,000 Zacorporated by Royal Charter, 1855
Reserve Funds
Sterling
£6,500,000 Paid Up Capital
K. Currency Reserve $10,000,000 | Reserve Fund....... Reserve Liability of
Proprietors
$20,000,000
Reserve Lability of Pro
prietors
£3,000,000 £3,000,000
£3,000,000
;
HEAD OFFICE: LONDON:
Head Office:--HONG KONG
Class
272
Amer. Can
851
Lockheed Aircraft
242
734/T31 751/75)
up
American Cyanamid B
37
Loew's Inc.
30+
unch
unch
Amer. & Foreign Power Amer & Foreign $7 pf. Amer, Locomotive Co.
13/16
Martin, Glen L. Co.
271
*201
Montgomery Ward
38
Board of Directors: Hon. Mr J. J. Paterson,
W H. Lock, Esq.,
13
National Avtation
81*
Amer, Metals
178
Nat. Dalry Products
138
J. K. Bousfield, Esq.,
Amer. Radiator
ย
National Distillers
132
A. H. Compton, Esq.,
1.68 DIT
Amer. Rolling MUI...
141
Nat, Power & Light
G
L. J. Davies, Eaq..
Hon. Mr. B. H. Dodwell,
Amer. 'ting and R'ing Co.
427
National Supply Corp.
$9
11.93b/13,058 00 up
Amer, Sugar Redning
161*
G. Miskin, Esq.,
New York Central
12
K. S. Morrison, Esq.,
July
21.20b
8 8 8 8 8 8
On Batavia: --
Dept
20 89b/901
09 up Q up
Amer. Tel & Tel.
157
Niagara Hudson Power
24
Hon. Mr. T. E. Pearce,
BANGKOK
On demand
46 1/4
Dec
unreceived
On Paris:-
Mar
20.81/61
.06 up
IN.Y. SUGAK No. 3: Notice date 24/6
July
02 off 02 off SepL
Amer. Tobacco "B"
N. American Aviation
**
2.56b/67a
Amer. Waterworks
4A
North American Co. (New)
121
2,57b/58a
Anaconda Copper
274
Northern Pacific
61
Hon Mr. A. L. Shields, Bir Vandeleur M. Grayburn,
Chief Manager.
BATAVIA
ROMBAY
Bank Bills, on demand Now. Credits 4 months' sight Nom.
May
20.51 N
00 up
Business done.-400 lots.
Atchison, T. & S. Fe.
28
Packard Motors
24
Total Sales -230 tons
N.Y. SUGAR No. 4:
Aviation Corp.
31
Paramount Pictures
107
On Balgon:-
Baldwin Locomotive Co.
15
Pennsylvania RR.
23
Amoy
On demand
1:14 1/2
On Manila:-
On demand
On Bangkok:--
On demana
On Sterling Note:--
Bank Buying Hate
48 1/4
NEW YORK HIDES: Sept Dec.
July
.91b/.91ja
14.65/67
unch,
Sept
986/98 a
01 off 03
Baltimore & Ohio
3
Phillips Petroleum
432
Bangkok
off
Barrusdall ou
94
Pullman Inc...
27
Batavia
14.60b, 70a
07 ctf
149 1/2
Total Sales:-81 lots.
CHICAGO WHEAT-
Business done:-277 lots.
NEW YORK COCOA
Bendix Aviation
304
Pure Oll
94
Bombay
Kuala
Bethlehem Steel
73
Radio Corpn. of Am.
40
Calcutta
DELHI Lumpur Shanghai
Branches: Johore Rangoon Kobu Kowloon
CALCUTTA
AORNCIES OLIVE STREET FAIRLIN PLAUK
CANTON
Saigon CAWNPORE San
CEBU
Francisco COLOMBO
KLANG
KOKE
KUALA
LUMPUR
MADRAS MANILA
SINGAPOREK
SITIAWAN
SUURABAYA TAIPINO TANTSIN TNGKAH
KUCHING
{ Bhuket)
NEW YORA
MIDAN
TSURUPAO
YOKOHAMA
Chairman
Deputy Chairman
38, Bishopsgate 1.0.2. Sub-Agencies In London: 117/12, Leadent all Street, E.0.3. West End Branch: 14/18, Cockspur Street, B.W.1. Manchester Brinch:
32 Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
AUCH STAR HÙNG KING PERANG AMRITSAR
150140 IPOH
KARACHI
HANGDON
SAIGON SEREMBAN
HNANGHAL
Bliss & Co., E.W. (com.)
161
Reading Company, Com
Now
Bar Silver per of
23 7:16
July Sent
Wednesday's
Market Report
FROM ROZA BROS.
Friday, June 20. Silver prices were unchanged yesterday, the quotatione remain- ing at 23.7/16 for both Ready and Forward. Silver advices reported the market as being steady. Ame- rican market was closed yesterday York cross London New The rate was quoted at 402.1/2
MARKET
Public Deposita Other Deposits:
Bankers
Other Accounte
Tulal
bushels.
Sept.
7.88 N 04 off
998/901 1 up N.Y, COPPER: Notice date 27/6 101/103
up
11.90 12,00a July sales 13,290,000 N.Y. Official Silver
NY London Cross Rate
Boeing Airplane Co
16
Remington Arms Co., Inc.
Borg-Warner
Repubile Aviation Corp....
unch. 34.3/4 4.03 3/4
Briggs Mfg. Co.
19#
Republic Steel
Budd M'facturing Corp
4
Reynold Tobac. "B"
Canadian Pacific
37
Schenley Distillers
Celanese Corp
22
Shell Unlon Oll
Chesapeake & Ohio
361
Socony-Vacunum Of
Chrysler
59
Eouthern Pacific
BANK OF ENGLAND
Columbia Gas & Elec.
3
Southern Rly $5 pid.
Commercial Credit Co.
234
Spicer Manufacturing Co
LONDON, June 18
‹ Reuter:
June 12
June 19 1000's Omitted)
Com & Southern (Ord, Consolidated Edison Co.
7/18
Standard Brands
19
Standard Gas & Elec.
£
7 240
E
9,510
Consolidated O
54
Standard Oll of N.J.
Copperweld Steel
143
Studebaker Com,
Curtiss Wright (C.)
Ва
Swift International
!22,670
122,410
Distillers Corp. (Beagrams)
14k
Technicolor
51.30a
$1.670
Douglas Aircraft
704"
Texas Corpn.
173,970
174.080
Du Pont de Nemours
3632
Trans-/merica Co
Quick
Government Securities
129.090
132,740
Eagle Picher Lead
81
20th Cent. Fox Film, Com.
STERLING
Other Securities:-
Elec. Autolite Co,
274
There were sellers at 173 up to September, buyers at 13.1/32 for
any delivery.
U. S. DOLLARS
There were sellers at 24.1/2 near and forward, buyers at 24- 9/16 for Cash.
SHANGHAL DOLLARS
Some business was arranged 449. The market closed with sell
er at 448.3/4, buyers at 449.1/4.
SHANGHAI MARKET
ard U. B Sterling at 3,21/64 Dollars at 5.4/16, both sellers Spot
AFTERNOON MARKET The market was quiet afternoon
STERLING
The market closed with sellers 1/3 up to September, buyers at
1/31/32 for any delivery.
U. S. DOLLARS
The market closed with
a1 24.1/2 for near and forward.
Unton Bag & Paper Corp.
Discounts and Advances
5.100
5,130
Elec Bond & Share.....
21
Union Pacific
Securities
19.820
19.300
Elec. Bend & Share $5 pl
51
United Aircraft
Total
24 920
24,470
Elec Bond & Share $6 pr.
56
United Airlines Trans
Notes and Colna
44.800
44.539
for
Total Bullion
1970
2,06€
Elec. Puwer & Light $7 p? Flintkote
334
United Corpn
12
United Corpa. 19 cum pf.
Notes in circulation
637,170
£37.530
Gen Electric
32
United Gas Improvement
Ratio of Reserve to Liablilties Price of Gold at which holdings are valued.
34.75% 168/-
24 21:
Gen Motors
39
US. Rubber
68 -
Chen, Raliway Signal
14
U.S. Steel
at
FEDERAL RESERVE SYSTEM
RETURNS
Gen. Tire & Rubber
11
Vanadium
Goodrich (B.F.)
13
Vultee Aircraft
Goodyear Tire & Rubber ...
37
Walworth Co.
Great Northern Iron Ore
153
Warner Bros. Pict.
NEW YORK Jun 19 Reutera
une 13 (1940
June 12 1000's Omitted:
June 19
Great Northern Rly, pfd.
25
Westinghouse Rec.
Great Western Sugar
237
Woodward Iron Cor.
for
Inter. Nickel
36
Chase National Bank
Bills Bought
Inter. Paper & Power
143
i
UF Securities held
In
the
Federal Reserve Ratic...
2,477 000 88.51%
Federal Reserve Credit Outstanding
3,523,000
Monetary Gold Stocks
19.427,000
Industrial Advancea
8.086,000
2.184.000 01.22 2249.000 22,593.000 8,774,000
2,184 (00 91,33%
Int. Tel & Tel. (Fon Is.) 2{*
National City Bank Libby, McNeil
2,241.000 22.612,000 8,906,000
DOW JONES AVERAGE
29.75 26.04 20
sellers
buyers at 24.9/18 for Cash.
LONDON STOCK
EXCHANGE
!bearer1
11/-
20.65 17.22 16
1940/41
Low Dow Jones Averages High
industriale 133.00 119.30 30
Raila Utilitios
June 18,
June 20, 1841.
High Low Close
123.60
[23.73 22.61 322,48
28.29
238.17
17.96
18.12
Chosen Corporation.
4/-
Mercantile Bank of In
82.19 71.66
89.08 40 55.416 11
Bonds
91.11
Commodity Index
71.35
dla, £5, "C"
114
M
Pekin Syndicate
1.
SHANGHAI DOLLARS
at Closed with sellers buyers at 448.1/4.
(REUTER'S SERVICE)
9'ba: Elec, Constr. Co.
16
448.3/4,
London. June 19.
SHANGHAI MARKET
U S and 3.21/64 Sterling at Dollars at 5.7/18, both sellers for Spot.
<
Shanghai Exchange
Shanghai, June 20 (Reuter).
Official T.T. Rates
£
S'hal Waterworks "A" The following quotations are the Union Insurance middle prices at the close of the Gula Kalumpong Rubber
All quotations Lon.. Mid. & Scot.. Rly market in London. are subject to confirmation and no Great Western Riv responsibility is assumed for errors Nutlonal Bank of India in transmission.
B. A, Tob. (bearer) Dunlop Rubber
ق1
22
15
138
351
321
83/9
33/104
Opening
London
0/3-1/4
War Loan, 31% Red.
after 1952) Defence Loan, 3%. Canton-K'luon Rly. 5% Chinese 44% Gold Loan
Bristol Aeroplane
11/3
Imperial Chemical Ind.
31/3
1044 100-15/16
United Steel
23/10/
Woolworths
49/-
9
Marsman Investments
8/3.
Western Holdings
New York
6 5/16
1898 (Brit. Issue)
38
Sub-Nigel
13/6 141/3
22-1/2
Japan
India
18
Chinese 5% Gold Bonds
1925/47
38
Shell Trans.
(bearer)
* Trad.
43/9
nominal
Chin. 44% Anglo-French
Parla
21-5/8
Loan, 1906
37
bid
¡ ex div.
Hongkong
Chinese 5% Crisp Loan
Sterling
Sellers
2012
23
Spot
June July
Opening Closing 0/3.21/64 0/3-21/54 0/3-21/04 0/3-21/64 0/3-21/64 0/3-21/84
Chinese 5% Reorg. Loan
1913 (Lan. Is.)
31
Chinese 8% Bter. Notes
1925 (Vickers) Chin. Imperial Rly. 5%.
7-0
Spot
U.S. Dollars
$6.7/10
Loan
48
$6-7/18
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Honan Rly. 5% 1905.
10
June
5-7/10
5-7/10
Hukuang Rly. 5%. 1911
July
5-7/16
5-7/10
Operating Services for Cargo and Passongoce
(LP. NY Issue)
14
Market:
Quiot.
Hukuang Rly. 5. 1911
TO-
#
Silver Duty Rate
(German Issue)
13
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
The Central Bank of China's
Lung Teing &
Hal
rate on London at 10 am today
Rly. 5%, 1919
D
OSAKA
was 1/2-1/2A.
shai-N'king Rly. 5%.....
14
per cent,
The Equalisation rate was 24-1/4 Tientsin-Pukow Rly 6%
Calcutta Exchange
(Brit, Stpd.)
10
Tientsin-Pukow Rly 6%.
(German Bipd.)
10
Calcutta, June 19 (Reutor). TT on Japan. 81-1/2
India Rupee Paper
Bombay, June 19 (Reuter) Govl % Rupne, 95-14-0
LONDON GOLD
.
London, June 10 (Reutor).
Har Gold, Fine 'per oz., 188/-
Tientsin-Pukow Rly.
(Brit. Stpd. Bupl, Loan) Tientsin-Pukow Rly, '%
(Gor. Stpd. Buol, Lean) 10 Jap, 0% Star, Loan, 1924 241 Ger. 7% Inu, Loan, 1924 44 Chartered Bank H.K, & S'hal Banking
Corp. (Lan, Reg.) H.K. & 6'hal Banking
10
02
701
Corp. (Col. Reg.) Chinese Eng, 3 Mining
79
and TIENTSIN
KOBE and
LONDON METALS
Tin,
EXCHANGE
London, June 19 Reuter).
Standard. Cash. Middle
Price. £263-1/8,
Tin. Standard, 3 months. Middle Price. £265~1/8.
Market quiet.
SILVER MARKET
LONDON SILVER London, June 19 (Reuter). Silver-Very little trade demand met from market sources. Market steady.
Spot. 23-7/18d. Forward. 23-7/16d.
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HA PHON.
All steamers borth alongside
the Roosevelt Terminal in
the French Concassion at Shanghai, where passengera
and cargo are laudòci.
For further particulara
plesss'apply' to-
Business Done: 460,000 shares
DRASTIC INCREASES IN U.S. SURTAXES WASHINGTON, June 20 (Reuter) The House of Representatives' Ways and Means Committee Fes- terday decided tentatively to re- commend drastic increases in sur- taxes on individual incomes and tightening up of corporation and excess proûts taxes in order to raise an estimated $2,490,900,000 [additional revenue,
The new individual income sur- tax schedule is said to be more than,double the tax bill of every taxpayer.
JARDINE MATHESON&Co.,LTD. TELEPHONE SOXIL. GENERAL MANAGERS "
(Johore) Tientsin
HAIPHONG
HANKOW
PRjPING
(Peking) FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DSPOSITS received for Ove Year or shorter periods in Local or Other Currencies at cates which will be quoted on application.
SAVINGS ACCOUNTs also opened in inLocal Currency and Sterling with LACAL CURRENOY and LED Dinterest allowed at rates obtainable POBITS 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 Trustse quoted on application.
business, and claims recovery of
SAFE DEPOSIT BOXES of British Income Tax overpaid, on
TRUSTER anxi EXECUTOR business undertaken. Hongkong. 26th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above Bank
tens which may be ascertained at any of the Agencies and Branches. W. H. EVANS THOMAS,
Manager.
BANK OF EAST ASIA, LIMITED
ob Authorised Capital 816,000,000.00 Paid Up Capital 6,396,600,00
For the HONGKONG & SHANGHAI Reserve and Undivided
BANKING CORPORATION.
THE CHASE BANK
2,953,251.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors:
HON. SIR SHOUSON CHоw, Chairman Li Koun Chun. Beg. Li Lan Sang, Big
15. QUEEN'S ROAD, CENTRALF. K Kwok Ezq.. Wong Chu Son, Baq
18, PINE STREET,
NEW YORK.
Au American Bank offering con-
Wong Yun Turg, Eaq. Fung Pirg Wah Esq. Chan hing Shek, Esq.
KAN TONO Po, Esq, Chic/ Manager HON. MR. LI TSE FONG, Manager
Branches and Agencies:
in the principal Markets of the Amoy Kowtova Penonc world.
SAFE DEPOSIT BOXES
This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over U.S.#.3.800,000,000.
1. L. BALLANTYNE,
12th June 1941.
Langoon
Mingapore Bourabaya
Balgon Swałow
Ban Fran- Bydosy
cisco Tuin
Sextile VAROON FUT
REMATOR
Shanghai
Every description of Banking and Exchange business transacted. Loans grunted on approved securities.
Current Accounts opened in Local Manager Currency and Fixed Deposits re- geived for one year or shorter periods in Local and Foreign Cur rencies terms 'which will be quoted un application.
SAFE DEPOSIT Boxes To Ler.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office: 15, Gracechurch Street, London, EC.3 Aathurland Capital babwelted Capita! Paid-up Capita Reverie Pond and Stout,
BANKERS:
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bowrah
Kuala TrengTHE Andras New York
Prang
Shangil
Kania Lumpur Steppen
HONG KONG BRANCH: Evory desorption of Banking and Krebsoge invitees traumos,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
CURRENT ACCOUNT opened in Lot Our TIDOS A FIXED DEPOSITO recaired in Local Currency STERLANE on terms that may be
mobrtained on «pg lication.
D. DENSON.
WANT-ADS
are
Quick!
LETAY
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by NATIONAL GOVERNMENT
OF CHINA AB 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 the World, we are able to extend to our Cliente special facilities for Domestic and Foreign Banking and Exchange.
Head Office:--SILANGHAI_
Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Officens
KONGMOON TO18HAN
CANTON
SWATOW
SHIUCHOW KINGOLLOW
We also.handle the istue of Benda and other Pablio Funds of the Chiness Covernment both at Home and Abroad,
SHOU J. CHEN,.
Manager.
Canton
London
144
Singapore
Chefen
44*
Lyons
Sourabaya
Colombo
Malacca
Sungei
3
Dairen
Mania
194
Foochow
Muar
Patani Swatow
37
Haiphong
91"
Hankow
Mukden
14
Hurbira
Hoile
81
Tokyo New York Tsingtao Priping Yokohama
Ipoh
Penang
114
24
'GBRENT ACCOUNTS
31*
opened
5%
7/16
391
5A
181*
8
various size to let
391
41
57
101
BO
397
101
221
81
211
56)
is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Kuls may
be
251
Lained on application.
7
Profits
43
32
971
V. M. GRAYBURN,
Chief Manager
27*
Hong Kong, 25th Feb., 1938.
294
25]
Change
HEAD OFFICE:
0% off
28.00 28.07
22 oft
18.02 18.04
.96 up
01.12
71.48
.01 up .13 up
plete Foreign Banking Service
Batavia
Loudos
Bombay
Manita
alboorov
Halphong
Nasak
Haukow Honolulu Kobe
New York
Poris
Petying
£3,000,000
€1,800,000
£1,000,000
€1,254,069
Bangkok
Ipak
Bombay
Oxlontés
Kantau
Columbo
Kandy
Dulki
Karachi
Balk!
Kota Bharu
[Tongkong
Kuala Lipla
Hangoon
Alinte