New York, Tane 23. Prev High Low Close Change
14.34 14.73 14.44 closed
14.71 37 up closed
Closing Ranges Changes NY. COTTON: Notice date-25/6 Juty
14.54 14,70 14.62
1011 1044 103 1037
734 751 731 744
Closing Ranges
14 55
11 up 29 up
STOCKS
t up
Changes
Adams Express
Alleghany Steel Cu
14.73/71
37 up
....440
NEW YORK LARD:
Sept
11.05 A
Als Chalmers
Amer Can
32 up
Cjet.
14.95/97
40 up
American Cyanamid B
32 3/4
Dec
15,03/04
.38 up
İN.Y. BLACK PEPPER:
nivel
Foreign Fower
Jac
15.05 N
37 up
Sept.
6.21/23
48 пр
Arter & Foreign $7 pf
On demand
12
On India:--
Mar May
15 08/08
33 up
Amer, Locomotive Co.
16.10/11
35 up
Telegraphic
Transfer
Saturday's sales 70,200 bales
N.Y. COTTONSEED OIL:
July
Amer, Metals ....
62 5/
8 8 8 8 8 8 8 3
and demand
On New York:-
On Batavia--
Bank Bills, on demand 24 1/8 Credits, 60 days' sight 24 778
On demand
.... 4 1/4
NY. RUBBER: Notice date 276
Trading suspended temporarily.
30 up N.Y. SUGAR No. 3: Notice date 24/0
July Sept.
12 45b/60a
Amer Radiator
Amer, Rolling Mill
Amer. Sting and Ring Co
2330/548
.05 off
amer. Sugar Refining
255b/568
.03 off
Amer. Tel. & Tel.
Business done -233 lots.
O Parts:-
NEW YORK HIDES:
Sept Dec.
Amer. Tobacco "B"
Amer. Waterworks
14.65/65 14.65/65
#1 up 13 up
N.Y. SUGAK No. 4:
Anaconda Copper
On Saigon:-
On demana
Bank Bis, un demand Nom Credits 4 months' sight Not.
On demand
On Manila:—
On demand
Oo Bangkok :---
On Sterling Notes:-
Total salea-38 lots CHICAGO WHEAT
July Sept.
90b, 1.008 1.00jb/078 Business done:-779 lots.
04 up
044 up
Atchison, T. & S. Fe Aviation Corp.
Baldwin Locomotive Co.
101 1/2 July
Sept.
104,103) 1052/108
............ 4K 1/4
Saturday's Balc bushels.
21 up 31 up
13,307,000
NEW YORK COCOA
Sept.
Baltimore & Ohio
Barnsdall On
772 N
.16 of
Bendix Aviation
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JULY 24, 1941.
On London:—
Telegraphic Transfer, 142 7/8 Bank Bills, on demand 1/2 7/A Credits 4 months' sight
On Shanghai:—
On demand
On Singapore:-
On demand
On Japan:-
NEW YORK COMMODITY MARKET
(REUTER'S SERVICES
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 24, 1941.
233
WEDNESDAY,
JUNE 25, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital 860,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid Up $20,000,000 | Incorporated by Royal Charter, 1868
Reserve Funds - Sterling
£6,500,000 Paid Up Capital
H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Proprietors
Chairman
Hon. Mr. A. I. Shields, Sir Vandeleur M. Grayburn,
Chief Manager.
Branches:
HEAD OFFICE: LONDON: 36, Bishopsgale E C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3.
West End Branch: 14/16, Cockapur Street, 8.W.1.
Manchester Brauch
3. Mosley Birect, Manchester, 2
AGENCIES AND BRANCHES:
ALUR STAR BONG KUNG PEMANG
AM KITBAN
BANGKOK BATAVIA BOMBAY
AGENCIES OLIVE TREKI FAIRLIA POR CANTON CAWNPORE CKBL
SPOR
KUALA
LUMPUR
KUCHING
MAURAN
MANILA MEDAN
RANGOON BAIGON
SOURABAYA TAIPING TIENTRIN TONGKAR
(Bhuket)
£3,000,000 £3,000,000
Last Bale
STOCKS
Lant Sale
June 23
June 23
..... $20,000,000
Reserve Liability of Pro-
prietors....
£3,000,000
8
Johnsmanville
Bermecul Copper
64
376
flead Office:-HONG KONG
29
LAbbey-Owens-Ford
212
858
Lockheed Aircraf
241
38+
Loew's Inc.
30%
Board of Directors: Hon. Mr. J. J. Paterson,
02
Martin, Glen L. Co.
28
194
Montgomery Ward
36
W. H. Look, Esq.
132
National AVIONI
Bib
Deputy Chairman
174
Nat, Dairy Product
134
J. K. Bousfield, Esq.,
BL
National Distillers
20
A. H. Compton, Esq.,
LE
144
Nut, Fower & Light
63
L. J. Davies, Esq..
Hoo, Mr. R. H. Dodwell.
421
National Supply Corp
6
171
New York Central
121
G. Miskin, Esq..
K. 8. Morris00, E.,
157
Niagara Hudson Power
2}
Hon. Mr. T. E. Pearce,
50
N. American Aviation
14A
41
North American Co New
12!
273
Northern Pacific
61
CALCUTTA
KARACHI KLANG
KUBK
BEMBAN
SHANGHAI
SINGAPORE
Packard Motors
28
SITIAWAN
34
Paramount Pictures
11
15
Pennsylvania R.R.
23
ALUY
3
Phillips Petroleum
44
Bangkok
91
Pullman Ine.
271
Batavia
Johore Rangoon Kobe Saigon Kowloon
But
364
Pure Oil
#g
Bombay
Kuala
Francisco coLAMBO
PSINGTAO
19 1/2
Bank Buying Rate...
Bar Silver per on
Now. 23 7716
CHICAGO CORN: July Sept
746/741 76/77
2 up
up
N.X. COPPER: Notice date 27/8
July
11.90b/12.00a unch NY Ometal Silver NYLondon Cross Rate
Bethlehem Steel
741
Radio Corpn. of Am.
440
Calcutta
Lampu
Shanghai
Blias & Co., EW. !com)
17
Reading Company,
Com
141
Canton
London
Singapore
DELHI
HAIPHONG
NEW YORK
PRIPING
YOKOHAMA
Boeing Airplane Co.
182
Remington Arms Co., Inc
446
Chefoo
Lyons
Saurabaya
34-3:4
Borg-Warner
171
Republic Aviation Corp.
#
Colombo
Malacca
4.03-1/2
Briggs Mfg. Co.
197
Republic Stesi
10
Dairen Foochow
Manila Muar
York
cross
Quiet
MARKET
STERLING
War Loan,
after 1952)
34%
(Red
104
101
Riy
5%
9
Chinese 4%, Gold Loan
Market Report
FROM ROZA BROS.
Tuesday. June 24. silver prices were uncharged yesterday, the quotations remain. ing at 237/15 for both Ready and Forward. Silver advices reported
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London. June 24. The following quotations are the
the market as being duil with no middle prices at the close of the amely, the
business Gone American Silver was unquoted.
The London; New rate was quoted 31, 402 1/2
market in London. All quotations are subject to confirmation and no Bank of Communications and the responsibility is assumed for errors Farmers Bank of China. in transmission.
are re
ducing their scope of business and Commissioning the Hongkong and Shungbal Banking rporation to arl แร their agent was categor]-
the cally denied by fesponsible afrials of the banks concerned in Changing.
Du Pont de Nemours Eagle Picher Lead
Budd Macturing Cora
4k
Reynold Tobac. "B"
318
Haiphong
Canadian Pacific
41
Schenley Distillers
91
Hankow
|
¡
GOVT. BANKS IN SHANGHAI
Celanese Corp.....
227
Shell Union 11
141
Harbin
Chesapeake & Oblo Chrysler
36
Socong-Vacudum Ol
toile
59
Southern Pacific
114
Ipoh
CHUNGKING, June 4 Central The rumour emanating from four Japanese sources that the Government banks in Shanghai,
China, the
Columbia Gas & Elec
3
Southern Rly $5 pfd.
124
Commercial Credit Co Com, & Southern (Ord
238
spiger Manufacturing Co.
324
CHERENT
J'enang
ACCOUNTE
andard Brands
5€
Posts
Consolidated Edison Co.
181
Standard Gas & Elec.
0 7.16
Central
Bank of
ot Bank China. the
Consolidated O!!
#
Standard Oll of N.J.
401
Copperweld Steel
18 xx
Studebaker Com.
Curtiss Wright (C)
BX
Swift International
19
Distillers Corp. (Seagrams) Douglas Aircraft
144
a'echnicolor
81
Various sizes te it.
714
Теха Согра
393
1540
Frans-America Co.
41
business undertaken.
£
83
20th Cent Fox Film, Core.
52
Hongkong, Wil February, 1941.
Sungei
Patani Swatow (Johore) Tientsin Mukden Tokyo New York Tsingtao
Yokohama Priping
HANKOW
Joking) FUREHIN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ous Yar or shorter periods in Local or Other Currencies at rates which will be quoted on application
SAVINGS ACCOUNTS also opened in opened in Local Currency and Sterling with FIXED De interest allowed at rates obtainable received for one your or on application
LACAL CURRENOY and
shorter periods in Local and other
The Bank's Head Office in London Currencies on torms which will be undertakes Executor and Trustee
quoted on application.
business, and claims recovery of
SAFE DEPOSIT BOXES of British Income Tax overpaid, on
TRUSTEE and EXECUTOR any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
terms which may be ascertained at
Elec. Autolite Co.
28
Union Bag & Paper Corp
11
Elec Bond & Share
Elec Bond & Share $5 pl
Elec Bond & Share $6 pi
1
Elec. Power & Light $7 n
1898 (Brit. Issue
38
Chinese 5% Gold Bonds
1925/47
The four banks are carrying on
Shanghai. as usual in
the off!
Flintkote
Gen. Electric
38
Cals asserted.
Gen Motors
Chin. 49% Anglo-French
Loan, 1908
37
1912
الئے
i
Chinese 5% Reorg Loan
1913 Ldr Is.) Chinese 8%. Ster. Notes
1925 (Vickers! Chin. Imperiul Rly. 5%
1.oan Honan Rly 5%, 1905 Hakuang Rly 5%, 1911
31
7-8
48
10
mer
HUPEH DROUGHT ENSHIH, June 24 (Centraj) --- 'ca - by General Chen Cheng. Chairman of the Hupen Provincial Govern- ment, more than 5.000 government officials, and students went to the the countryside recently to help
waler for the tariners to pump dried felds as there has been drought since the arrival of sum- They received a great
Gen. Tire & Rubber Goodrich (B.F.)
den Railway Signal
Goodyear Tire & Rubber.. Great Northern Iron Ore Great Northern Rly, pfd.
Great Western Sugar ..... Inter. Nickel
Inter. Paper & Power
2.
Int. Tel. & Tel. (Fon. La.)
ova-
(LP. N/Y Issue) Hukuang Rly. 5% 1911
(German Issue! dull in the Lung Tsing & IT
Rly. 5% 1913
14
tion.
1940/41
Loans were also
distributed
to
13
the farmers for
installing pumps
Hai
High Low Dow Jones Averagea
Industrials 133.60 15.30 20
Hails 29.76 36.54 20
Utilities
อ
shad N'king Rlr. 5%. Tientsin-Pukow Bly 5%.
(Brit Stpd.)
14
10
10
There were sellers at 1/3 up to Defence Loan. 34% September, buyers at 1:31:32 for Canton Käoen any deilvery.
U. S. DOLLARS
There were sellers at 24.1/2 for near and forward, buyers at 24.9/18 for Cash.
SHANGHAI DOLLARS
Business was arranged early in Chinese 5%. Crisp Loan the morning at 451.1/2 and also 451.1/4. The market closed with Bellers at 451.1/4 buyers at 451.1/2 SHANGHAI MAKKET Sterling sellers for Spot at 3.5:16 throughout the day. U S. Dollars opened with sellers at 57/16. Sub. sequently the market eased off to 5.13/32 and at the close there were sellers at 5.7/16 for Spot.
AFTERNOON MARKET The market was afternoon.
STERLING
(The market closed with sellers at 1/3 up to September, buyers at 1/9.1/32 for any delivery.
U. S. DOLLARS
The market closed with sellers at 24,1/2 for near and forward, buyers at 24.9/16 for Cash.
10
10
Tientsin Pukow Rly, 5%
(German Stpd.) .... Tientsin-Pukow Rly 5%
(Brit. Stpd. Supi, Loan) Tientsin-Pukow Rly 5% (Ger, Stpd. Supl, Loan) Jap. 6% Ster. Loan, 1924 24 at, Ger. 7% Int! Loan, 1924 44 The market closed with Chartered Bank sellers at 461, buyers at 451.1/2. B.K. & Sbal Banking
SHANGHAI DOLLARS
Bome 451.1/4.
business was done
SHANGHAI MARKET
82
Corp. (Ldn, Reg.)...... 76 & S'hat Banking Corp. (Col. Reg.)..... 79 Chinese Eng. & Mining
Sterling at 3.5/16 and U. B. H.K. Dollars at 6.7/16, both sellers for Spot.
Shanghai Exchange
Shanghai, June 24 (Reuter).
Official TT. Kates
London
Japan
Indla
and other devices for irrigation.
FEDERAL RESERVE
RETURNS
New York. June 23 (Reuter). June 10 June 17
000's Omitted) Total Loans $10,238,000 $10,262,000 Investments 17,893,000 17,893,000
SILVER MARKET
LONDON SILVER London, June 23 (Reuter). Bliver Market idle with no busi-
ness.
Spot. 23-7/180,
Forward, 23-7/16d.
BOMBAY, SILVER
Bombay, June 23 (Reuter),
20.65 17.92 15 92.10 8.56 40 71.78 35.48 LI
China Making Own
Telescopes
KUNMING, June 24 (Central)-
Business Done: 780,000 shares
Kweichow Prohibits Wine Brewing
KWEIYANG, June 24 (Central) foodstuffs, In order to conserve
which For the first time. China is now a considerable amount of experimenting on telescope-mak- has been annually consumed In the brewing of wine, the Kwelchow being under- ing. The task is
Provincial Government has issued taken by the Physics Department
a circular order prohibiting wine of the Academia Sinica here, brewing in the province. which has been commissioned by the Ministry of Education to manufacture 100 telescopes.
Preparations for the undertak-
ing have
and been completed
imme- work is expected to start diately
As from July 1, the order states, and wine-brewing all the wine apparatus in Kwelyang will nealed.
LONDON GOLD
London, June 29 (Reuter). Bar Gold, Fine per cz, 188/-
be
INDO-CHINA
(bearer)
11/-
Chosen Corporation
4/-
Mercantile Bank of In-
Indian Mint Silver
dla, £5, "
-111
Ready
62-15-6
Pekin Syndicate
1/-
July 19 Settlement
02-13-6
Opening
Bhal Elec, Constr. Co
16
Aug. 18 Settlement $2.13-0
0/3-1/4
S'hal Waterworks "A"
15
New York
5.5/18 22-1/2
Union Insurance
22
Gula Kalumpong Rubber 15
18
|Lon., Mid, & Scot., Rly.
134
Parls
nominai
Great Western Riy
351
Hongkong
21-6/8
National Bank of India
313
Sterling
B.-A. Tob. (beater)
83/14
Sellera
Dunlop Rubber
53/9
Opening
Closing
Bristol Aeroplane
11/-
Spot
0/3-6/18
0/3-5/16
Imperial Chemical Ind.
31/0
June
......
0/3-5/18
0/3-5/10
United Steel ....
24/11
July
0/3-6/16
0/3-6/18
Woolworths
49/74
TO-
U.S. Dollars
Märimán Investments
6/3
Spot
$5-7/18
$5-13/32
Western Holdings
14/8
June ......
5-7/10
6-13/32
Sub-Nigel
131/3
July
6-7/18
5-13/32
Bhall. Trans.
(bearor)
Trad. &
43/0
* bid.
↑ ox div.
Market:-Qulet,
Silver Duty Rate
The Central Bank of China's rute on London at 10 a.m. today was 1/2-1/2d.
The Equalisation rate was 24-1/4 per cent.
Calcutta Exchange
Calcutta, Juno 23 (Router), TT on Japan, A1-1/2
Inka Runes Papor
Bombay, June 23 (Rautor), Govt. 31% Rupee, 98-0-0,
LONDON METALS
Tin. Price,
EXCHANGE London, June 23 (Reuter).
Standard. Cash, Middle 201-3/8.
Tin, Standard, I montius, Middle
| Pelce, $208-7/0,
Markot steady. Smelter Bolling un early advance wolf absorbed
with useful forward domand.
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passangers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
BAND KAN
HA FHON.
All stemors borth alongsido the Roosevelt Terminal in the French Concasion at Shanghai, where passenger■ and cargo are landed.
For further particulars
ploass spply to
JARDINE M TELEPHONTEKOJTE
Co., LTD. ERALMANAGERS
HONGKONG SAVINGS
BANK
The Business of the above Dank I confucted by the HONGKONG
SHANGHAI BANKING COR PORATION Ruis may be o tained on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manoger. Hong Kong, 25th Feb., 1939.
THE CHASE BANK
BANK OF EAST ASIA, LIMITED
5,598,600.00
Authorised Capital .....$10,000,000.00 Paid-Up Capital ....... Reserve and Undivided
Profits
Head Office:-HONG KONG
No. 10 Des Voeux Road, Centrai
Board of Directora:
HON. SIR SHOVзon Chow, Chairman Li Koon Chun Eag
1. QUEEN'S ROAD, CENTRAL P. K awok. Feq.
SAFE DEPOSIT BOXES
This Bank is a subsidiary of The Chase National Bank, New York, with esources of over U.S.8.3.800,000,000.
1. L. BALLANTYNE.
12th June 1941.
Manager
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offao:-15, Gracechurch Street, London, EC.2 Authorised Capital
Suberben Capital..
Paid-up Ospital..
Reserve Fund and liest,"
BANKERS:
£5,000,000
€1,800.000 €1,080,000 21,204,888
The Bank of England and Midland
Bank, Ltd. H-BRANCHES:
Vangkok Bothbay Calcutta Colostro Belbi
[joli
Galle
Hongkong Howrah
Kuantan
Kanly Kambi Kota Bharu
Kuala Lipis
i Chan Ling Blok, Beq.
KAN TONG Po, Esq, Chief Manager HON. MR. LI TS Poso, Manager
Lownd
Koly
Branches and Agencies:
Kowloon Penan
vandou
New York
Par
Tipiak
Singapore
Bangmon Aurubara Xalgon Яwnlow
San Fran. Bertany
lace Tentia doattle Vancouver Semarang
Shangh
Every description of Banking and Exchange business transected. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Depozita re- ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by* Kuna TTHE NATIONAL GOVERNMENT
OF CHINA AS AN
INTERNATIONAL EXCHANGE
Madra
Kew York
Fanong
Rangoon
Hangbat
Kuala Lumpur சிவரகpore HONG KONG' BRANCH:
Every description of Banking mod refinge
burizers transactod
TRUSTED AND EXECUTORSHIP
UNDERTAKEN
CURRENT ACCOUNTS opened in Loos! Car resoy and FIXED DEPOBITE repaired in Logal
Che STERLING on terme that may be acertafol on uplation,
D. BENSON,
WANT ADS
Tristed
BANK
PAID UP CAPITAL $40,000,000.00 (BRANORES ALL OVER CHINA) Owing to ong numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestió and Foreign Banking and Exobange.
Head Office: SHANGHAI
Hong Kong Branch:
4. QUEEN'S ROAD, O,
South China Office CANTON
SWATOW
KONGMOON TOISHAN SHIUCHOW KINGOHIOW
We also handle the issue of Bonds and other Public Funds of the Chinees Government both at Home. | and "Abbondi
SHOU J. CHEN,
Wannger.
21
Union Pacie
801
514
United Aircraft
398
56
United Airlines Trans
10
334
United Corpn.
0.0/16
122
United Corpn. $3 cum
23
324
United Gas Improvement
31
381
US, Rubber
221
154
U.S. Steel
571
105
Vanadiurn
251
127
Vultee Atrera!?
BA
174
Walworth Co.
43
2,983,281.50
16
Warner Bros. Pict
3
257
Westinghouse Elec.
14
244
Woodward Iron Cor.
27b
261
Chase National Bank
304b
144
National City Bank
262b
21b
Libby, McNeil
DOW JONES AVERAGE
June 24, 1841,
Li Lan Sang, Fag.
Wong Chu Son, Bay
Wong the long, Esq.
Pong Ping Wab Esq.
June. 21, High Low Close
Change
HEAD OFFICE:
122.51
125.14 123.41 123.97
1.46 up
27.99
28.00 26.17 28.26
.27 up
17.78
17.97 17.77 17.50
.06 up
Bonds Commodity Index
91.07
91.20 73.00
.13 up
18, PINE STREET,
NEW YORK.! An American Bank offering como-
plete Foreign Banking Service! In the principal Markets of the world.
amoy
81214
Bob
Maulie
Calmlia
Malbour
Halpbuck Nagmaske
Jankow