PACE 10 HONGKONG DAILY PRESS
FOREIGN MARKETS &
BANK OF ENGLAND
London Sept 11 (Reuter?
P
Deposits
Other Deposits
Prek of Child at which buddings
are valued
FEDERAL
RESERVE SYSTEM RETURNS
New York Sept 1 Reuter:
Bought
B'
US Securities held
Federal Reserve Ratio
fedestrial Advances
1940
1941
Aug 29
Aug. 28
000's Omited
2.255.000 22.733 000 9,701,000
MONEY AND
EXCHANGE
'LOSING QUOTATIONS
SEPT BER 12, 1941.
London:-
Shanghal:—
On demand
in Singapore:-
On demand
in India:-
Bank Bills, on demand 24/15/20 Crediв, 60 days sight 235/ Batavia:--
Saigon:-
Market Report
FROM ROZA BROS
Friday, Sept 12
Silver prices were unchanged
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Sept. 11.
SUGAR PRICES
New York, Sept 11 (Reuters
Kaw
NEW YORK SUGAR
Jaient from Cuba, e & £. New York, reported the The following quotations are the duty free.--
iddle prices at the close of the
market in London.
All quotations
are subject to confirmation and no
responsibility is assumed for errurs
FINANCE
SATURDAY, SEPTEMBER 13, 1941
QUOTATIONS AIR FREIGHT SERVICE
HONGKONG SHARE QUOTATIONS
<TOCK EXCHANGE,
870
SHAREBROKERS- ASSOCIATION
Sela. Hong Kong Mums
China Lighte (0................. 28.fb
H.K. ElectricsX.R.(O) 822 $21. K. hinetrim, New)
1
INSPECTORATE
The Air Freight Service Inspectorate, organised in longkong by formally inaugurated the Chinese Ministry of Commanications, was
at the Gloucester Building yesterday morning with Mr. Buang Pai chlao, Germany-returned engineer and former Managing Director of the Nanking-Shanghai and Shanghai - Bangchow Ningpo Railways Administration, as Inspector-General.
H.K. Stock Exchange
Friday, Sept. 12.
The Inspectorate has as its ob jective the inspection of freight
the Hong transport handled by kong offices of the Chine National
Corporation
Br Aviation
and Eurasia
113 Aviation Corporation: order to increase transport eff)- cfency and prevent any irregulari
of зіт atu manipulations £ noticeable freight rates. It will also exumine, of optimism. and approve or reject applications This soon broke surface for air freight transport and decide and as the week were on derrand on the urgency of the freight to for scrip gathered strength. De be transported mand was not centred found any In an interview. Mr Huang ar special favourites being well spread clared that the Inspectorate wit give priority to the transport of throughout the list
Monday found the market quiettles
Quotations have joined in the Government quest for shares and there has urgent need been 2 considerable advance instruction prices Despite sume profit taking the market closes firm
BUSINESS DONE DURING THE WEEK
H.K. Banks, $1460, $1480. Union Ins., $433,
HK Fire Ina, $1871 Wharves, 5921, 594.
Docks, $17.60, $17.90, $18. $189.
$19
Providents, $6.80 $6.00 $7, $7.10,
$7.30, $7.35, $1.10 Hotels. $3.80, $3.95, 54. $41. Lands, $364, $37. $371, $38.
Humphreys, $
Realties. 54.
Trutns, $17.40, $174. $18.30 Lights (0), $8.55, $6.80. $6.62
$6,85. $8.90, Lights (N), $13. $2. Electrics 10 XD.. $21.60. $21.90
$22. Electrics Rts, $111. $11.30, $11.35,
$114. $118. $12). $13. Telephones (0), $241. Telephones (N). $9, 694.
Cements, $15.70, $157. Ropes, $935, 510 3101 $10! Dairy Farms. $19 $19 $191,
$19,90.
4
(000's
Sr.pt Omitted
Payers
Sellore
14,500
9.27:
F'day'a Lent
Sale Яater
tepta.
FRIDAY
Itayer
Ballet
Ba
Barine
12 SEPT.
Banks
Hankers
122.680
133.780
#1470
$1460 H.. Banks........
$1480
Other Acecunts
53,010
53.010
ER4
175,690
186.790
Total
Casertament Securities
115,920
125.350
Telegraphic Transfer. 127 Bank Bills, on demand 1/25 A Credits 4 months aight
D. (Col. Reg.)
£84
877
Do. (Lam. Reg.)
£77
Churbo od Banka
Evě
£23
Morcantile Bkn. "A"
£234
Olber Securities:
Pili
Discounts and Advances
7.090
5310
Mercantile Bank of East Anja
ke
"C"
211
€76
Securities
20,630
21.07
I
27,720
26,388
NC. & B. Banka..
Insurances
TM !
but
Titul
52 3/1
there was
Notes and Coins
64,500
82.350
Ja Jupan
Total Bull
1,820
1,750
On demand
36 2436
8230 34.33
1:2 1/4
Note 4 circulation
667,280
$69 400
SIRA
Isnton InARESTĒM Umon Insurguren. $1nderwriters 31H K
8239+
under Current
Fires.
6423
$1876
170
Ra
Reserve to Liabilities
33 046
31751
188
168
Telegraphic and demand New York:-
Transfer.
82 8
Shipping
3120
Dongles
$120
$10
Steam hanta
8101
$90
Indo-Chinas (Pret
$80
Indo Chimas tiled i Shells
$70
55/0
On demand
46 3/4
$6.66 Waterboats...
Bub
32 Paris:-
1941
Bank Bills, on demand Nom Credits 4 months' fight Now
Docks. Wharves, Godowns, etc.
896
*7.40
*p4 $7.10/38...
HK & K Wharves
$546
Providente
$7.40
$7 10.40
Sept 1
$18.30
$18
H.K, Tacks (Old)
A
$1
i
On demana
H.K. Docks (New)
$32
$
$
to Manila:
+Shangbai Docks
2324
On demand
49 7:
Mining
2,442,000 89.41
2.184.000 91.00.
2.184.000
91
14/0
Kalane
13:0
on Bangkok -
On demana..
148
Вті
Raute
$7.20 X.D.
Federal Reserve Credit Ousstand-
11K
Jo Sterling Notes:--
2,480,000
2,281,000
Mortary Gold Stocks
20,871,000
8,553,000
22,716,000 9,563 000
Bank Buying Rair Bar Elver per on
Nom.
Lands, Rotels Madi Buildings
231%
#4 837.40
Ba.80/4
937/371
HK. & 8. Hotels...
24
#3.80/4.00...
H.K Lands......
£27
8376
1971
Do. 4% Debentures
397
#21
Shanghai Lauda
834
$3.00
Rad
HK Realt
$3 65
$1
Itumphreys
$7.890
$98
Chinese Estuter
Cotton Mila
i
Sarar Dentrifugal, ship-
Spor
3.50 N
yesterday.
the quotations remain ing at 31.2 for Ready and 23
Silver advices 7 16 for Forward
being market as steady. American Silver was quoted 9:34.3/4 for Spot
$45
Hwo (B.)
840
8305
S'hai Cotton (8.).
3300
Zoong Singe (8)
Wing On Textles (N
$126
Public Utilities
817)
$17
H.K. Tramways
BIA
$17.00/.85...
Raw Sugar Futures (Contract No. 3)
Sept.
York cross The London New rate was quoted at 402.12 York-London was quoted al 2.74.76
87
Peak Trams (old)
Peak Trams (new)
Neu
4
8613 Star Ferries........
2491
$23
Y'mati Ferries
in transmission.
L
Jan
裴
Mar
War Loan, 3%
after 1952)
(Red
May
1061
July
2.79b80a 2.79b/80a 2.81b 830 2.83b/86
1/4
$6.FO
$6.62445
MARKET
1.00
China Lights (New).
12.00
$8.021/.85...
$1.80
$23
$22
Quiet
STERLINA.
8221
$12]
¥126
8111/193
H.K. Electri
$22
(Ria) $119
$11.40/12,00
Defence Loan, 3%
1018
Bia
Macao
Canton K'loon Rly. 6%
13
for
Macao Electrice
Chinese 4 Gold Loan
(Contract No. 41
'Casti
$13.10
Sandakan Lights....
1898 (Brit Issuel
418
Chinese 52 Gold Bonds
1826/47
Der.
2 14
15
45
Mar
Chin. 4% Anglo-French
May
2.10 b Ju 2.104.11a
Seling
U. S. DOLLARS
Jale
8247
$24
Talephotu (id).
8248
$24.40
€0]
$9
falophones (new)
**
to Merchants 26
Industrials
1 16
840
Cald, Macg. (Ordb
Loan. 1988
40
July
211jb 12ja
SHANGHAI DOLLARS
236
Cald., Moog
(Prof S
$1
Cantor Ice..
512 ellers
Chinese 5% Crisp Loan
1912
201
$16.40
810
8102
Crinvents
$16
#10
24 1 Rupes.......
$10
170 oth
$10/10,10
Chinese 5% Reorg Loan
WINNIPEG WHEAT
1913 Ida Isp
37
Chinese 8
Ster Noter
1925 Vickers)
10
Loan
80
MAY
per bushel 733/731 7500 700/798
Official rates. Sellers of Sterling .1 35.32 and US. Dollars at 5.5;16
AFTERNOON MARKET
14.K. Gori, Lonas
8101
14% Loan
$100
899 34%
(1034)
1
*:00
31%
(1940)..
Quiet.
1
Miscellaneous
STERLING
»{
819/192
Dairy Farms
8194
Honan Rly, 5% 1905
14
CHICAGO WHEAT
Hukuang Rly
5%, 1911
per bushel
There were sellers at 1/3 up to: October loyers at 1/31/32 Cash.
Entertainmanta
67
for
81.8
$1.65
(LP. NY True)
15
Sept
1299/1192
Hukoang Rly 5%
1911
De
1234/1231
(German Issue)
18
May
1277/1281
7: Tsing & TJ Hal
Highost Dec.)
1241
13
Lowest
}
122
Sha-N'king Rly 5%
17
Tentsin-Pukow Ely. 5%
(Brit Btpd.)
13
Tientsin Pukow Rly 5%
(German Stpd.)......... Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl, Loan) Tientsin-Pukow Rly 5%
13
B-- bld A--asked N--nom:nal NEW YORK COTTON
Opening Closing
13
Oct. Dec.
17.5353 17.88,86
17.75/74 18.03/05
(Ger. Stpd. Supl. Loan) Jap 8 Ster, Loan, 1924 30-32 Ger. 7% Int Loan, 1924 64
13
Jan.
17.78/78 18.10/10
Mar
May
17.90/90 18.23/23 18,00/00 18.36/36
91
18.03/03 18.39/39
R.K
&
S'hal Banking
Spot......... Highest (Dec.) Lowest ..)
18.54
18.11
India
Opening
0/3-5,32 5-5/18 unquoted 17-1/2
17.72
Paria
4,03-1/2
Hongkong
unquoted China Lights (Q) 21
34 3/4
Silver Duty Rate
500 $ 7.05 880 7.15 1,300
23-1/2d
The Central
Bank of China's
2,000
40
2,088
The Equalisation rate was 24-1/2 per cen1
500
聾
China Providents
1,205 1,500
2,055 7.60
Bombay, Sept. 11 (Reuter). Govt. 34 per cent. Rupec, 98-0-0
HK Docta
57
18.50
800
19.00
H.K. Electrics (0)
100
21.00
H.K. Electrics (N)
200
38.25
HK. Electrics Pts.
500
12,75
200
12.85
100 1200 1,066
13.00
Chiu Imperial Rly 6%
Rly. 5% 1913
& Mining
پین
4/-
ཇ རྣ ེད བོང་རྗེསྶཧྥུས
Sales for the day:62 lots
Raw Sugar Futures
Volume of business done -508
lots
Dec
Wednesday's sales: 21,852.000
bushels.
July
There were sellers at 1:3 up t!
buyers sat. October
1/31/32
SHANGHAI MARKET
. S. DOLLARS Seiling rate to Merchants
1:16.
SHANGHAI DOLLARS
Sellers at 511
SHANGHAI MARKET
Constractivus (old)...
30 ots Constructions (newj.
LA
$6.46
16 46 Lane Crawfords.
Nanyang Tobacco.
$3.60
25-
82
Sinceres
$2,30
#124
12.60
Watsons
$12.60
| 812 60
$43
Ch. 0.5%, 10250$8ds.
€39
1.K. Wing On
$42
S'hui Wing On
Official rates, Sellers o. Sterling
al 3.5/32 and U.S. Dollars at 5.5/18
Shanghai Exchange
Shanghai, Sept. 12 (Reuteri.
Omeini T.T. Rates
London New York
Japan..
HONGKONG
$7.30 Vibro Piling
Marsmans Inv. fLon."
Marouans Inv. (RK)
6/1
1/U
$14
Wm. Powells..........
www
N.A. Chemicals (HK) #6 80
tale to Shanghat
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Friday, Sept. 12, 1941. SALES
rate on London at 10 am, today (China Lights (N) was 1/2-1/2d.
Chartered Bank
Corp. (Ldn. Reg.j H.K.
S'hat Banking
Corp. (Col. Reg.)....... Chinese Eng. (bearer) Chosen Corporation Mercantile Bank of In-
dia. £5, "on
Pekin Syndicate
Bhai Elec. Constr. Co. Shat Waterworks "A"
Gula Kalumpong Rubber 25
Lon., Mid. & Scot.. By: 164»
Great Western Riy
National Bank of India 32
T/T on London: Silver, Official Rate London Sliver, Spot
LONDON METALS
EXCHANGE
London, Sept. 11 (Reuter). Tin, Standard, Cash, Middle Price, £256-3/4.
buyers £256-1/2, sellers
Tin, Standard, 3 Months, Middle Price, buyers £259-1/2. sellers £269-3/4.
India Rupee Paper
Union Insurance
22
42
Market idle and very dull, with smelters very reserved but dealers
SILVER MARKET
LONDON SILVEK London, Sept. 11 (Reuter).
were pressing for "nears." After Silver-Market quietly steady hours Bigger demand but sellers with some trade demand satisfied predominated. 75 tons. at £256-by production welling.
B-A. Tod. (bearer)
099
Dunlop RokhAY
30/-
Bristol Aeroplane .........
10/9
Imperial Chemical Ind.
32/6
United Stee)
23/T}
Wontworths
50/0-
Maraman Investments ..
6/8
13/4 and 259-1/2.
Western Holdings
19/3
Sub-Nigel
Trans
Trad.
143/9
55/-
1 ox div.
Shell
(bearer,
• bid
BROKERS' LOANS yesterday
New York, Sept. 11 (Reuter). Loans on securities to brokers in foreign New York:-
Wk-ended Wk-ended Wk-ended 20/8/40 20/8/41/4/0/41 $250,000,000 $325,099.000 $445,000,000
LONDON GOLD - London, Bypt. 11 (Reuter). Har Gold, Find par oz, 108/~
A A
$14
GOLD PRODUCTION INCREASED
The production of gold last year was seven times that before the war and was officially estimated to be worth more than $200,000,000, a- cording to reliable sources.
Numerous organisations for gold mining are now in existence in 7.20 Szechwan, Bikong, Hunan, Kwel- 7.25 chow,
Yunnan and Chinghal.
216 With Government financial and 2.25 technical aid, it is believed that 2.30 gold production will further be in 7.45 creased in the future.--(Central 7.50 News).
Watsons, $11.85, $12. $121 $12.35.
$124 $12.00 $13, $13.05. HK. Govt. 4% Loan, 101. HK. Govt. 31% Loun (1934), 99.
BUYERS
H.K. Banka. $1470. Canton Ins., $235. Union Ins., $435. H.K. Fire Ins., $185. Wharves. $86. Docks. $18. Providents, $7.25. Hotels, $4.15. Lands, $37.75. Humphreys, $8. Realties, $3.90. Trams, $18.
Star Ferries, $53
Yaumati Ferries, $23.50. Lights (N), $2.
Electrics (0) X. Ris.. $23,50. Electrics (N), $23. Electrics Rts., $13.10. Macao Electrics, $18.10. Sandakan Lights, $13.10 Telephones (0), $24.85. Telephones (N). $9.25 Cements, $18.70. Dairy Farms, $19,85, Watsons, $12.00.
SELLERS
Docks, $19.50. Providents, $7,75. H.K. Mines, 3 cts. Lands, $36.50. Lights (0), $7.35. Electrics Rts., $13.50.
SALES
H.K. Banks, $1480 Docks, $18.75/19. Providents, $7.35/.70. Hotels, $414,25. Lands, $38. Humphreys, $8. Realties, $4.
goods to meet the
MICR for national
COMMERCIAL GOODS
In regard to the transportation f commercial goods. Mr. Huang further Sald that considerations will be made on the basts nt In- formation on market conditions in the interior as supplied by the Ministries el Communication Finance and Economic Affairs
Aside from regulating air freight
transport Mr. Huang said the in
F
spectorate will therefore also be bht regulating instrumental supply of commodities in the in- terler, thus stabilising the general price level
Mr. Huang said that there will be rigorous restrictions bence- torth on chartering planes, Mer- chants who destre to charter planes will trave to submit papers
certifying the king and value of their goods to be transported. This, belleved. will eliminate the he "black market" air freight rates.--
Central News)
CHINA'S SILK INDUSTRY TO
BE DEVELOPED
With the object of further de veloping China's silk industry, the Ministry of Agriculture and Fores try has drafted a comprehensive plan for the increase of silk pre duction.
According to the plan, some 3,000 mow of land be marked out in different districte for the cultiva- tion of 65,000,000 mulberry trees These dis- in the current year, tricts include Lashan, Mantal, Nan. Langchung, Hochwan and
chung in Szechwan.
reach 20,000
It is expected that the increased output of silk will plculs.
Meanwhile, it is learned that wo increase tung oil production for export purpose, the Foreign Trade Commission has mapped out a ¡plan whereby the existing 290,000 mow of tung plantations win be improved and 880,000 mow of new plantations will be established. It is estimated that the résultant tung oll output will be increased by 1.100,000 pleuls annually.
Five provinces in the Southwest have been designated as experi ¡mental centres for production in- wherein 146 offices for creases giving technical guidance will be
established.(Central News).
Trams, $18.25/30. Lights (O). $6.90. Lights (N), $2/2.25.
Electries Ris., 812 25 13.50. Ropes, $10.26/50. Dairy Farms, $19.75:00. Watsons, $13/13.05.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
300 13.26 Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBR and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
150 13.50
10-
Spot, 23-1/2d.
H.K. Lands
100
37,50
100
37,75
Forward, 23-7/16d.
300
38.00
BOMBAY SILVER Bombay, Sept. 11 (Reuter).
Indian Mint Silver
02-15-0 ... 63-00-3
63-01-9,
H.K. Tramways
100
18.30
500
18.40
100
18.35
H.K. Hotels.
1 000
4,20
1,500 4.26
1,000
4.30
[Ropes"
600
10.28
the French Concussion nt.
200
19.40
2,000
10 50
23.940
Ready Oct. 14 Settlement Nov. 16 Bettlement-
LONDON STOCK EXCHANGE LONDON. Sept. 12, (Reuter)- Business in the Stock Exchange Was generally firmer and Gilt-Edged showed up botter. There was some expansion among
CHINA'S GOODWILL + bonds where Japanese, Czoch and Greek improved.
Presideht Edouard Bones hus Home Nails showed several expressed appreciation of China's galnie whilst a abortage in stock recognition of the Czechoslovak in South. Governinent now in exile in Lon- usd further rises American rate. Industrials were don and has Recepted Dr. Wunss botter on balance with Breweries, King as Chinese diplomatic repre Tobacons again in demand, Kat- sentative to Czechoslovakia, he chi, from Dr. Wellington Kẹo, Ars continued to be prominent. cording to a telegrain received by Chinese Ambassador in London. | Wall Street was vory quiet. the Foreign Minister, Dr. Qub Tal (Central Nows);
The total value is $223,505.20.
HAPHONG
All steamers borth alongside
the Roosovolt Terminal in
Bhanghai, whore passeligers
and cargo are loaded,
For further particulpas
please apply to
JARDINE MATHESON&Co.,LTD.
TET
ERAL MANAGERS.