1941-02-20 — Page 10

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Opening

420

10,19/19 10.23/24

10.17/17

59 3/4

10.20/20

10.02/02

10,07/04

... [03 1/2

October

9.55/55

9.59/59

December

.........

9.52/53

9.55b/55a

9.63/62

Transfer.

"and demand....... On New York:-

Jas 1/2

-82

January Spot

9.53/53 10.70

9.52b/550

9.61 N 10.78

NEW YORK RUBBER

March

May

July New contract) September

105..

Total sales:-350 tons. CHICAGO WHEAT"

48 1 2

May

July

149 1/2

September

Now.

CHICAGO CORN

Bar Silver DET G.

23 5/15

May

July:

September

NEW YORK HIDES

March June

"

.. remaining

both

as

[March

May

Dollars

were £

shade steadier,

...

STERLING

I

dicated sellers.

at

shede easier with

after 1952) ..

Defence Loan,:3%

Canton-K'icon Rly, 5% 13

Chinese 41% Gold Loan

1808 (Brit. Issue)

Chinese 5% Gold Bonds.

1925/41

0/3-3/8

Chin. 41% Anglo-French

New York

Japan

India

Parla

Hongkong

5-1/2

Loan, 1908

22-3/8

Chinese 5% Crisp Loan.

18-3/4

1912.

nominal

Chinese 5%, Reorg. Loan

Bank Bills, on demand 24 1/4 Credlis, 60 days sight 24 On Batavia:-

On demand 45 1/2 On Paris:---

Bank Bills, on demand Nom. Credits 4 months' sight Nom.

On Balgon:-

On demand

On Manila:-

On demand On Bangkok:-

On demand... On Sterling Note:-

Bank Buying Rate

Market Report

FROM ROZA BROS.

Wednesday, Feb. 19.- Silver prices rose 1/16 yesterday

for both deliveries, the quotations

at 23.5/16 for

Ready and Forward, Silver advices being reported the market qufet. American Silver was quoted at 34.3/4 for Spot.

The first notice day for March Cotton is 25/2/41 and last day is 14/3/41

Total sales for the day:-88 contracts.

NEW YORK COCOA

| NEW YORK SUGAR NO. 3:”

The London-New York cross- March rate was quoted at 402.1/2 New May York-London was quoted at 403.

MARKET

- Quiet. US.

There were sellers at 1/3 Feb- ruary-April, buyers at 1/3.1/32 for Onsh

U. S. DOLLARS Sellers were offered at the open- Ing at 24.9/16, Subsequently some business was arranged at 24.5/8. The market closed with sellers at 24.9/16 for Cash, buyers at 24.11/ 16 for Cash

SHANGHAI-DOLLARS Opened" with sellers at 428. Business was arranged at various rates. Closed with sellers at 434 for Spot.

Volume of businèss done:~632 lots.

NEW YORK SUGAR NO. 4: March May

Volume of business done:-47 lots.

The first notice day for March is 17/2 and last day is 28/2. NEW YORK COPPER FUTURES March

July

N.Y. Official Silver 34-3:4 NY-London Cross Rate 403-1/4

LONDON STOCK EXCHANGE

(RETTER'S SERVICE) ·

London, Feb. 18.

11,55b/58a .03 u 11.42b/50a02 up 34-3/4 4.03

COST OF CANADA'S WAR EFFORT

OTTAWA, Feb. 19 (Reuter), Mr. J. L. Ilsley, Canada's Finance Minister, will ask for $1,300,000,000 for the prosecution of the war The following quotations are the during the fiscal year of middle prices at the close of the compared with $700,000,000 during 1941-42. 3.29/64 for market in London. All quotations the preceding year. Spot. U. S. Dollars opened with are subject to confirmation and no

SHANGHAI MARKET Sterling opened with sellers at 3.1/2 for Spot. Last advices in

sellers

This sum, plus the $443,000,000

at 5.3/4 for Spot. Sub-responsibility is assumed for errors which Mr. Isley estimated to be sequently the rate rose to 5.25/32 in transmission.

and closed a

sellers for Epot at 5.11/32 for War Loan," 31% (Red, Spot,

Shanghai Exchange

Shanghai, Feb 19 (Reuter).

London

Official T.T. Rates

Opening

necessary to cover all require- ments except air, brings the total expenditure for 1941-42 to $1,743,- 000,000.

LONDON STOCK EXCHANGE

LONDON, Feb. 19 (Reuter) - On the Stock Exchange yesterday, dullness persisted. Git-edged holdings recovered their early losses and Kairs were firmly held.

20,55/55 20.50b/623 20.63/66 20,39b/403

20.57b/80a 19.95/95 20.01b/194 20.05b 19.72b/75a 19.75b/20.00a 19.00/90

78/781

78/781

73+/73

73/734

7317731

Monday's sales:-8,989,000 bushels.

391D

591/59/

591/594 593/591

PAGE 10-HONGKONG DAILY PRESS.

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

FEBRUARY 19, 1941......

On London:-

Telegraphic Transfer. 9 7/8 Bank Bills, on demand 1/2 7/9 Credits 4 months' sight On Shanghai- On demand

On Singapore:-

On demand

On Japan:-

On demand

On India:

8. 8 8 8 8 8 8 8 8 8 8.3

Telegraphic

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

NEW:: YORK, Feb, 18, 1941,

New York Cotton, March New York Rubber, March Chicago Wheat, May ........ Chicago Corn, May New York Hides, March NEW YORK COTTON

March

May July

Prev. Today's High Low Close Close Change 10.30 10.22 10.19 10.25 .00 up 20 66 20.85 20,55 20.66 11 up

791 78 78 79 00% 591 591b 604 13.62 12,40 12.55 12.44

קט 04,

קני 10,

NEW YORK STOCK

QUOTATION

EXCHANGE

(REUTER'S SERVICE)

FEBRUARY 19, 1941,

THURSDAY, FEBRUARY 20, 1941.

BANKS

Authorised Capital.............. $50,000,000 |

HONGKONG & SHANGHAI THE CHARTERED BANK OF ·

BANKING CORPORATION

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 185#

.Reserve Funds:

Sterling

£ 6,300,000 H.E. Currency Reserve $10,000,000

Paid-Up Capital Reserve Fund

£3,000,000

£3,000,001

Reserve Lisbility of Pro-

1 up 7 up

STOCKS

Last Sale

STOCKS

Last Sale

Feb. 18

Reserve Liability of

Proprietors....

prietora

£3,000,000

$20,000,000

11 01

Feb. 18

Adams Express.

Si

Closing

Change

Loft Incorperated

141

아

Alleghany Steel Co.

201

Mack Truck Inc.

263

10.25/25

.06 up

Allis Chalmers ..

292

Martin, Glen L.

234

10.21/21

Aluminium Ltd,

71*

McKesson & Robbins, pís, 25

10.07/07

,05 up

Amer. Can

83

Montgomery Ward

35+

9.66/66

.11 up

American Cyanamid B.

324

M'tain City Copper Co.

3

Amer. & Foreign Power

13/18+

National Aviation

31*

Chairman.

Deputy Chairman.

.08 up

Amer Foreign $7 pi.

154

Nat, Dairy Products

134

J. K. Bousfield, Esq.,

06 up

Amer. Locomotive

127

National Distillers

21

A. H. Compton, Esq.,

Amer. Metals Co.

167

National Lead

L J. Davies, Esq.,

Amer. Radiator

6

Nat, Power & Light

63

וי

Amer. Rolling Mill

12/

National Supply Corp.

51

Amer. Sting and R'ing Co.

*30*

New York Central

121

.11 up

Amer. Sugar Refining

13+

Niagara Hudson Power ...

27

.10 Up

Amer. Tel, & Tel.

1583

N. American Aviation

13

.10 up

Amer. Tobacco "B"

691

North American Co.

151

.18 up.

Amer. Waterworks

5.

Northern Partic

51

Anaconda Copper

227

Owens-Illinois Glass Co.

Atchison, T. & 8, Fe..

201

Branches:

Pacific Gas & Elec

261.

Aviation Corp.

4

Packard Motors

21

Amoy

Jotore

79/79)

1 up

Baldwin Lecometive

141

741/741

li up

Pan-American Airway!

121

Bangkok

Kobe

Rangoon Saigon

Head Office:-HONG KONG

Board of Directora:

Han, Mr. J. J. Paterson,

W. H. Lock, Esq.,

Hon. Mr. S. H. Dodwell,

Miskin, Esq.,

K. 8. Morrison, Esq., Hon. Mr. T. E. Pearce,

Hon. Mr. A. L Shields,

Sir Vandeleur M. Grayburn,

Chief Manager

HRAD OFFICE; LONDON:

39, Bishopsgate E.C.. - Sub-Agencies In London:

117/122, Lesdenball Street, E.C.a West End Branch:

14/18, Cookapur Street, B.W 1 Manchester Branch: 52, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES.

ALDE STAR

CALCUTTA

AGENCIES:

MONA KONG PINANG

CLIVE STREAT KUALA FAIRLIN PLAUS

DANTON

CAWNPOR

COLOMBO

AMRITSAR

BANGIOT BATAVIA

BOMBAY

ILOILO

KANGOON

IPOH"

BAIGON

SIRIMBAN

KARAONI

SHANGHAI

LÀNG

SINGAPORA

КОВТ

BITIAWAN

BOURABAYA

LUMPUR

TAIPING"

KUCHING

TIENTSIN

MADRAS

TONGKAN

MANILA

(Bhukot)

MEDAN

Baltimore & Ohio

37

749/744

1t up

Paramount Pictures

101

Batavia

Kowloon San

DELHI HAIPHONG

TSINGTAG

Barber Asphalt Co.

81*

Fennsylvania R.K.

32}

Bombay

Kuats

Francisco

Barnsdall Ou

8

Calcutta

Lumpur

Shanghai

HAMBURG BANKOW

NEW YORK PEIFING

(Peking)

YOKOHAMA

"

Bendix Aviation

337

Philadelphia Read Coal

5

Canton

Londoa

Singapore

w

Phillips Petroleum

361

Bethlehem Steel

78

Chefoo

Lyons

Sourabaya

60+/601

i up

Public Service of NJ.

271

Colom

Malacca

Sungei

Bliss & Co.

141

583/581

* 593/591 587/59

up

Pullman Inc......

23

Dairen

Manila

Boeing Airplane Co.

14

unch.

Pute Oll

71

Foochow Muar

Pacani" Swatcw

Borg-Warner ......

172

Radio Corpn. of Am.

+

Briggs Mia......

201

Reading Company,

Com

12

12.55/55 12.48b/60a 12.44/44 12,47b/43a 12.43b/52a 12.43/43

11 off

Budd M'facturing Corp.

32

Remington Arms Co., Inc., ...

4**

Hankow Harbin

.04 off

Canadian Pacific R'way

37

Republic Aviation Corp.

34*

Iloilo

Case, J.I.

45

Republic Steel

177

Ipob

5.62 N 5.69/69

5.80b/88a 5.67/82

5.62 N 5.69 N

unch.

Celanese

Chesapeake & Ohio

Chrysler Corpn. .....

391

Revere Corp.

83

641

Reynold Tobac. "B"

312

Columbia, Gas & Mec.

4

Bafeway Stores

381

Commercial Credit Co.

294

Schenley Distillers

9

Sears Roebuck

691

Com, & Southern (Ord.)",

2.05b/08a 2.10b/lla

2,06b/07a 2.12b/13a

.01 up .02 up

Consolidated Edison

21

Shell Union Ol

107

Consolidated Oll

51

Socony-Vacunum Ol .............

83

Continental Car

384

Southern Pacific

Continental Oll

182

Southern Rly $5 ptd.

204

.691b/.70a .73b/.73 a

.692/.691

721b

Copperweld Steel

144

Spicer Manufacturing Co.

32

TRUSTEE and EXECUTOR business undertaken.

Haiphong (Johor) Tientsin,

Mukden Tokyo New York Tsingtao

Yokohama Peiping

Penang

CURRENT ACCOUNTS opened

FORLIGN EXCHANGE and General" Banking Business transacted.

CURRENT ACCOUNT opened and Fixed Deposits received for One Year or shorter periods in Local ti Other Currencies at rates which will be quoted on application.

SAVINGS ACCOURTs also opened in " Local Currency and Sterling with interest allowed at rate obtainable jon application,

The Bank's Head Office in London

in Local Currency and FIXED DE- POSITS received for one year or shorter periods in Local and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.

SAFE DEPOSIT BOXES ofteros which may be ascertained at

any of the Agencies and Branches. various sizes to let

R. A. CAMIDGE,

Manager.

.68b/.69a 71b/.72ła

.014 off

Curtiss Wright (C.)

7}

Standard Brands

6

101 off

Stand Gas & Elec.

Curtles Wright "A"

24**

Deere & Co.

191

Standard Oil of California

18

HONGKONG SAVINGS

Distillers Corpn. Seagrams

Douglas Aircraft

11.52b/55a 11.40b/47a

11.50b/55a 11.40b/50s

Du Pont de Nemours

Eagle Picher Lead

Eaton Mig Co

Elec, Autolite

Elec Bond & Share

Elec. Bond & Share $5 pr.

Elec Bond & Share $6 pt. Elec. Power & Light 37 pf. Flintkote

Gen. American Trans.

Gen. Electric ...

Gen. Motors

Gen. Rallway Signal

Gen. Tire & Rubber

Olidden Co.

Goodrich (B.F.)

Goodrich $5 pf.

Goodyear Tire & Co.

Great Northern Iron Ore ..

Great Northern Rly, pfd.

Great Western Sugar ......

103-7/16

1011

Greyhound Corpn. Hercules Powder Co

Homestake Mining

Int Nickel

Inter. Paper & Power

44

A

Int. Tel. & Tel.

Johnsman

42 to 47

Kentecott Copper

45

Libbey-Owens-Ford Glass 35) Lockheed Aircraft Loew's Inc.

20

22-3/8

1913 (Ldn. Es.),

34

"Sterling

Sellers

Chinese 8% Ster. "Notes,

1925 (Vickers)

.10

Industrials were dull, while tex- tiles, breweries, steels, stores and tobaccos were all lower.

1940/41

Spot

Feb.

Opening Closing 0/3-1/2 0/3-29/64 9/3-1/2 0/3-29/64

Chin. Imperial Rly 5%

Loan

47

Honan Ely, $%

18

'Losses were also recorded tins, rubbers and oils and there was some selling of home rails.

fm

Mar.

Hukuang Rly 5%, 1911..

L.P. N/Y Issue)

15

Japanese bonds recovered still further.

Low Dow Jones Averages High 152.80 111.84 30. Industriala

32.67 22.16 20 26.45 18.03 20 02.19 83.06 40 84.07 48.47 11

Spot

Hukuang Rly. 5%. 1911

Wall Street was very quiet.

Feb.

Mar.

5-21/32 5-5/8

German Issue›

13

Lung Tying & U Hai

Rly. 5% 1913

14

16

15

0/3-31/64 0/3-7/18 U.S. Dollars

$5-3/4 $5-21/32

5-3/4 5-23/32

-Market:-Uncertain.

Silver Duty Rate

The Central Bank of China's rate on London at 10 a.m. today was 1/2-1/20:

The Equalisation rate was 331 "per cent.

Calcutta Exchange

Calcutta, Feb. 18 (Reuter). TT. on Japan, 81-1/4.

India Rupee Paper

Bombay, Feb. 18 (Reuter) Govt. 31% Rupes, 95-0-0.

LONDON METALS

EXCHANGE

London, Feb. 18 (Reuter).

Standard, Cash, Middle Price, £289-1/2,

Tin,

Tia. Standard, Cash, Middle Price, £285-3/B. --- "Market strong.

LONDON GOLD

London, Feb. 18 (Reuter). Bar Gold, Fine per oz., 188/-

hai-N'King Rly. 5% Tientsin-Pukow Rly. 5%

(Brit.. Stpd.) Tientsin-Pukow Rly: 5%

German Stpd.) .... 15 Tientsin-Pukow Rly. 5%

(Brit. Stpd. Bupl. Loan) 15 Tientsin-Pukow Rly. 6%

(Ger. Stpd. Bupl. Loan) 15 Jap. 6% Ster. Loan, 1924 214-25 Ger, 7% Intl. Loan, 1924. 8 Chartered Bank

SILVER MARKET

LONDON' SILVER

London, Feb. 18 (Reuter).

Silver Lack of selling. Business small Market quiet: afternoon, the market was quiet, with no business. "

Spot, 23-5/164.

Forward, 23-5/16d,

BOMBAY SILVER Bombay, Feb. 18 (Reuter). Market-Quiet. Offtake 225 bars,

71

H.K. & Shai Bank (Ldn.

Reg.}

Indian Mint Silver

72

Ready

63-03

H.K. & ahai Bank (Col

Peg)

Feb. 21 "Settlement

63-01

77

Mar. 25 Settlement

63-00

Chinese Eng. & Mining

(bearer).....

18/-

B.-A. Tob (bearer) ...

-90

4/-

Dunlop Rubber

32/8

Bristol Aeroplane

10/6

--11-1/8

1/8 15/-

Imperial Chemical Ind. 20/14 United Steel

21/6

Woolworths

51/10

Maraman Investments ...

Western Holdings Sub-Nigel

Shell Trans. & Trad

6/3 9/3 146/3

40 ex div

Chosen Corporation Mercantile Bank of In-

dia. 25. "Q}” Pekin Syndicate...... S'hal Elec. Constr. Co.... B'hal Waterworks "A" ... "13-1/2 Union Insurance

20

Gula Kalumpong Rubber 15/7) Lon., Mid, & Scot., Rly. 141 Great Western Rly... 351 National Bank of India 32

(bearer)

*-bid.

Feb. 19, 1941.

High Low Close

.20 of

BANK OF EAST ASIA, LIMITED

PORATION. Rules may be obtain-Authorised Capital.....$10,000,000,00

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1929.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.

SAFE DEPOSIT-BOXES

This Bank is entirely owned by

THE CHASE

NATIONAL BANE New Yoak, with Resources of over U.S.13,800,000,000.

D. L. BALLANTYNE,

A Job

Paid-Up Capital 5,588,800,00 Reserve and Undivided

Profits............................

..,983,281,50

Head Office:-HONG KONG No, 10 Des Voeux Road, Central

www.

Board of Dirator.

HON. SIE SROUSON CHOW, Chairman Li Koon Chan, Esq, Li Lan Sang, Esq. P. K. Kwok, Esq. Wong In Tong, Esq. Chan Ching Shek, B. KAN TONG PO, Esq., Chief Manager HON. ME. LI THE Fond, Manager.

Branches and Agencies:

Pants Singapors

Wang Chu Son, Esq.

Fung Ping Wah En.“

Kowloos

Lowton

Hangon

Bazen

Soncadays biwntow

Melbourne batı Aran. Bydney

Pelping

Bemsning Sal sight

Every description of Banking and Exchange business transacted. Loan granted on approved securities.

Qurrent Accounts opened in Local Manager.Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.

WANT ADS

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 Roosevelt Terminal in

the French Concassion at

Shanghai, where passengers

and cargo are landed.

j

For further particulars

please apply tom

JARDINE MATHESON&Co.,LTD. TELEPHONE ZOŽIL • GENERAL MANAGERS

SAFE CEPOS1r Boxes To LT:

KAN TONG PO,

Chief Mariager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

.:1 BANK

PAID-UP CAPITAL 240,000,000.00 ^(BRANCHES ALL OVIE CHIRI} Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend So our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Offer:—SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Offices:

CANTON

SWATOW

BHIUCHOW

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonda and other Public Funds, of the Chinese Government both at Home and Abroad.

SHOU 7. CHEN.

Manager.

161

Standard Ol of NJ.

331

BANK

65

Stone & Webster

1421

Studebaker Com..

61

The Business of the above Bank

Swift International

171

is conducted by the HONGKONG

97

30

Technicolor

87

& SHANGHAI BANKING COR-

35

273

Texas Corpn.

Texes Gulf Sulphur

351

ed on application.

3.

544

Timken-Axle

281

Trans-America Co.

41

61

221

20th Cent, Fox.

51

124.

Union Bag & Paper Corp.

103

Union Carbide & Carbon

62X

501

Union Pacific

77

314

United Aircraft,

418

12

United Airlines Trans

352 123

14

101*

United Corpo,

124*

United Corpn. 53 cum pt. " 26

121

United Gas Corpn.

60

United Gas Improvement

81

17

U.S., Industrual Alcohol,

131

U.S. Rubber ....

221 181.

231

US. Rubber 38 pid.

81

•

211

U.S. Smelting

53*

111

U.S. Steel

573

Interest Rates on Application,

674*

Vanadium

27

461

Vultee Aircraft

61*

0%%%

24

Walworth Co.

41

Away

HAVEL

kentmy

Manila

Calentin

isiphong

Nagunka

Honolula KADE

Jow York Paris

Beatti

00 Tintela '

Vazoparet

114

Warner Bros. Pict.

21

Westinghouse Elec.

92

56

Woodward Iron Cor.

28+

32

Chase National Bank........

291*

National City Bank

25*

211

Libby. Monell & Libby

31

DOW JONES AVERAGE

Feb. 17,

Change

119.18

Rails Utilities Bonds

26.79

18.04

11885 118,53 118.98 38.95 26,68 28.75 18.03 18.94 10.00

104 of

.04 off

89.85 Commodity Index 65.45

89.84 66.83

.01, off

- Business Done: 320,000 shares