1941-02-26 — Page 10

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21 up

it up.

STOCKS

.32 up

Adams Express

Opening

Closing

Change

Alleghany Steel Co.

March May

10.30/30.

10.35/35

10.34/84

.04 up

Allis Chalmers

10.28/28

10.31/31

10.34/34

.08 up

Aluminium Ltd.

10.15/16

10.20/20

10.28/28

.13 up

Amer. Can

Transfer.

October December

82 1/2 January

Spot

9.77/78

9.52/82

9.91/91

,14 up

American Cyanamid B.

9.76,76

9.80/80

9.89/89

13 up

Amer. & Foreign Power ...

9.73 N 10.86

9.80 A

9.87 N 10.90

.14 up

Amer & Foreign $7 pt."...

.04 up

Amer. Locomotive

Amer, Metals Co.

Amer, Radiator

Amer. Rolling Mill

On Batavia :---

On demand

Of Paris:-

Amer, S'ting and Ring Co. 401

..........$5

Amer, Sugar" Redning

Amer. Tel, & Tel.

March......

May

20.78b/78a 20.72/72

July (New contract) ... 20.20/20

September (

20.00 N

21,15 A 20.88b 20.87h/82a 20.80/80 *20,206/400 20.30/30 .20.14/14 20.10/12

12 up

Amer. Tobacco -“B”

08 up

Amer. Waterworks

10 p

Ausconda Copper

.10 12p

Atchison, T. & 8. Fe.

On Manila:--

On Bangkok:-

On demand...

Total sales:-540 tons.

Aviation Corp.

Baldwin Lecomptive

· PAGE 10-HONGKONG DAILY PRESS

FINANCE-

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS.

FEBRUARY 25, 1941,

On London:-

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

On Shanghai:--

On demand

425

62'3/4

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

NEW YORK, Feb. 24, 1941,

New York Cotton, March New York Rubber, March Chicago Wheat, May Chicago Corn, May New York Hides, March

NEW YORK COTTON

Prev. Today's

High Low Close Close Change 10.39 10,32 10,30 10,34 .04 up 20.85 20.85 20.76b 20.88b 12 up

811 801 802 833 83 601 601 617 13.01 12.82 12,85, 12.97.

On Singapore:-

On demand

On Japan:-

On demand

On India:-

Telegraphic

and demand

On New York:-

.... 102 1/2 July

Bank Bills, on demand 24

Credlis, 60 days' sight 24 3/4

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

On Saigon:-

On demand

Total sales Friday:-63,900 bales.

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

NEW YORK RUBBER

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

FEBRUARY 25, 1941.

WEDNESDAY, FEBRUARY 26, 1941.

HONGKONG &

BANKS

SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 188#

Reserve Funds:

Paid-Up Capital Sterling

.....£8,500,000 Reserve Fund

H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

.....£3,000,000 .......£9,000,00

pristors

.£3,000,000

HEAD OFFICE; LONDON:

*38, Bishopsgate E.C.. Sab-Agencies In London:

"117/122, Leadenhall Street, E.C.a

West End Branch;

14/16, Cockspur Street, S.W!

Manchester Branch: 62, Mosley Street, Manchestar, “9.

AGENCIES AND BRANCHES

HONG KONG FINANG ILOILO

IPOR

. Last Sale

STOCKS

Lant Sale

Feb. 24.

Proprietors

.$20,000,000

Feb. 24.

Loew's Inc.

321

Head Office:HONG KONG

207

Loft Incorperated

16)..

291

Mack Truck Inc.

70+*

Martin: "Glen L

85+

334

McKesson & Robbins, pfd. 261 Montgomery Ward

151

13/16d Mtain City Copper Co.

361

Board of Directora: Hon. Mr. J. J. Paterson,

Chairman. W. H. Lock, Esq.,

Deputy Chairman.

National Aviation

J. K. Bousfield, Esq.,

134

Nat, Dairy Products

137

163

National Distillers

A. H. Compton, Esq., L. J. Davies, Esq.,

National Lead

Hon. Mr. S. H. Dodwell,

Nat Power & Light

National Supply Corp

151

New York Central

1602

.* | Niagara Hudson Power

691

N. American Aviation

53.

North American Co.

234

154

Northern Pacific

231

Owens-lincis Glass Co..

Branches:

427

Pacific Gas & Elec

151

201

Amoy

Johore

G. Miskin, Esq.,

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

Hon. Mr. A. L Shield,

Sir Vandeleur M. Grayburn,

Chief Manager.

Rangoon

CALCUTTA

KORI

Clive Star KUAZA

ALOK STAR AMBITUAR BANGKOK BATAVIA

RANGOON

BALOON

BEREMBAN

KARACHI

BOMBAY

BHANGHAI

KLANO

BINGAPOR

AGENCIES:

FAIRLIN PRACE

CANTON

BITTAWAN

BOURABIYA

LUMPUR

TAIPING

ALEXO

CAWNPORI

COLUMBO

KUCHING MADRAS

TLENTIN TONGKAH

MANILA

(Bhuket)

Packard Motors

Bangkok

Kobe

CHICAGO WHEAT

Saigon DELAI

MRDAN

Baltimore & Ohio

149 1/2

Pan-American Airways

Batavia

Kowloon San

HAIPHONG NEW YORK

TSINGTA YOKOHAMA

Tuesday, Feb. 25

märket as being steady and fea- June

On Sterling Notes:-

Bank Buying Rate

Bar Ailver per o... 23 7/18

Market Report

FROM ROZA BROS.

Silver prices rose 1/16 yesterday September

for both deliveries, the quotations

being 23.7/16 and 23.3/8 respec- NEW YORK HIDES

tively, Silver advices reported the March

May July

301/81

Norn.

September

802/808 752/75] 751/754 ........... 753/752 ·

831/832

21 up

Barber Asphalt 'Co.

BI*

127

Paramount Pictures

107

Bombay

Eusia

Francisco HAMBURG

791/791 791/791

31 up

Barnsdall On

31 up

Bendix Aviation

347

Pennsylvania R.R.

234

Canton

London

Phillips Petroleum

Singapore

Bethlehem Steel

Chefoo

Lyons

Sourabaya

Friday's sales-3,908,000 bushels.

Public Service of NJ,

Bliss Sz Co.

151

261

Colombo Malacca

Sungei

Pullman c........

Dairen Manila

CHICAGO CORN

Boeing Airplane Co.

152

Pure Ou....

Foochow

Muar

Swatow

Borg-Warner

May July

60/608 601/601 803/601 60/201 591/591

612/82

-Briggs Mig.

211

Radio Corpn. of Am.

Haiphong

611/61

1 up

Reading Company, Com

134

Hankow

Budd M'facturing Corp.

61/61

1 up

Remington Arms Co., Inc.

Harbin

Canadian Pacific R'way ..

Iloilo

Republic Aviation Corp.

Case, JI

47*

Ipoh

Celanese

Republic Steel

Peiping Penang

187

...... 12.65/65 12.82/63 12,79b/80a 12.79/79

12,97/13.00 13.16/18

.32 up

Chesapeake & Ohio

Revere Corp.

81*

407

37 up

Chrysler Corpn..

654

Reynold Tobac. "B"

323

tureless. American Silver was quot-

ed at 94.3/4 for Spot.

The London-New York cross. NEW YORK COCOA rate www quoted at 402.1/2

New York-Londen was quoted at) 403,1/2

Total sales for the day:-270 contracts.

Columbia Gaj & Elec.

"'37

Safeway Stores

38+

Commercial Credit Co.

Schenley Distillers

Sears Roebuck

*72

Com, & Southern (Ord.)

11/16

Shell Union Oil

111

March

May

5.84/85 5.93/93

5.92/92

6.01 N

17 up

Consolidated Edison

5.98/99.

6.13 N

20 up

Consolidated Off

Socony-Vacunum 01

Bouthern Pacific

various sizes to let

Continental Can

MARKET

Duli

NEW YORK SUGAR NO. 3 March May

Southern Rly $5 pfd.

TRUSTEE and

Continental Oli

174

May

Feb.

Mar

Spot

Feb.

Mar

5-17/32 5-17/32

War Loan, 3% (Red

after 1952)

Defence Loan, 3% Canton-Kloon Rly. 5% Chinese 41% Gold Lan

1898 (Brit Issue Chinese 5% Gold Bonds.

1925/47

Chin. 44% Anglo-French

Loan, 1908

45*

Chinese 5% Crisp Loan.

1912

SILVER MARKET

Chinese 5% Reorg Loan.

1913 (Ldn. Is.)" Chinese 3%, Ster. Notes.

1925 (Vickers)

-31

STERLING

There were sellers at 13 Feb..

Volume of business done-447 lots. April, buyers at 1/31/32 for Cash C. 5. DOLLARS

NEW YORK SUGAR NO. 4 Sellers at 24:3/8 for Cash, buyers March at 24.1/2 for Cash

SHANGHAI DOLLARS Sellers were quoted at the open- Ing at 437 and at the close there were sellers at 441

Volume of business done:-35 lots. The Last notice day for March is 28/2. NEW YORK COPPER FUTURES March July

SHANGHAI MARKET Opened with "tellets at 2.27/64 "for Spot. Last, advices indicated NY. Official Sliver

Aellers at 5.25/64 for Spot, U. s. NY-London Cross Rate 4.03-1/4

Dollars opened with seliers "at 5- 9/18 for Spot. Last advices, in- | dicated sellers at 5 17/32 for Spot.j

Shanghai Exchange

Shanghai, Feb. 25 (Reuter),

Sterling

Spot

Sellera

Opening Closing 0/3-27/64, 0/3–13/32 0/3-27/64 0/3-13/32. 0/3-13/32 0/3-25/84

U.S. Dollars

$5-9/18 $5-17/32

5-9/16 5-17432

Market--Quiet.

Silver Duty Rate

The Central Bank of China's rate on London at 10 am. today was 1/2-1/2d.

The Equalisation rate was 24+ per cent.

Calcuna Exchanke

Calcutta, Feb. 24 (Reuter).

TT. on Japan, 81-1/4

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Feb." 24. The following quotations are the middle prices at the close of the market in London, All quotations are subject to confirmation and no responsibility is assumed for errors

n transmission.

FEDERAL RESERVE Gen Railway Signal

RETURNS

New York, Feb. 24 (Reuter). Feb. 11 Feb. 18

(000's omitted) Total loans $ 9,377,000 $9,423,000 Investments 16,871,000 18,958,000

Gen. Tire & Rubber Glidden Co,

Goodrich (B.F.)

2.09b/108 2.15b/16a

2.13b/14a. 2.18b/19a

04 up.

Copperweld Steel

Spicer Manufacturing Co.

31**

business undertaken.

PRIPING

Calcutta Lumpur Shanghai HANKOW (Peking)

Patani

(Johore) Tientsin

Mukden Tokyo New York

Tsingtao Yokohama

CURRENT ACCOUNTS opened

FOREIGN EXCHANDR and Geners! Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Co. Year or shorter periods in Local of Other Currencies st rates which will be quoted on application.

SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable on 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 of terms which may be ascertained at

jany of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

EXECUTOR

.03 up

Curtiss Wright (C.)

Standard Brands

Curtiss Wright “A”

26%

Stand Gas & Elec.

Deere & Co.

Standard Oll of California

181

Distillers Corpn. Seagrams

Standard Olof NJ.

HONGKONG SAVINGS

BANK

704b/.71ła unquoted 731b/.7418 751.75

70b/7la .73b/.74a

.00 off

Douglas Aircraft 1......

Stone & Webster

.40% off

Du Pont de Nemours

144)

Studebaker Com.

The Business of the above Bank

Eagle Picher Lead.

Swift International

is conducted by the HONGKONG

171

& SHANGHAI BANKING COB.

נו

Eaton Mfg. Co.

314

Technicolor

Elec. Autolite

291

Texas Corpa.

ed on application.

Texes Gulf Sulphur

35*

Elec Bond & Share

11.67b/74a

11.5 b 63a 34-3/4

11.74/80 11.50b/65a

11,73b/80a

.06 up 11.80b/85a 03 up 34-3/4 4.03-1/2.

Elec, Bond & Share $5 pr.

53*

Timken-Axle

Elec Bond & Share $6 pt.

603

Trans-America Co.............

Elec, Power & Light $7 pf. 29 Fintkote

20th Cent. Fox

134

Union Bag & Paper Corp.

101

Gen, American Trans",

Union Carbide & Carben

841

Gen. Electric

321

Union Pacific

781

Gen. Motors

427

United Aircraft

381

13*

United Afflines Trans ......

THE CHASE BANK

13, QUEEN'S ROAD, CENTRAL

United Corps,

124

United Corpn. cum p.

254

HEAD OFFICE:

134

United Gas Corpn.

11/16

Goodrich $5 pt.

United Gas Improvement

18, PINE STREET.

NEW YORK.

Goodyear Hire & Co.

181

U.S., Industrual Alcohol

22}/

Great Northern Iron Ore

137

U.S. Rubber

Great Northern Rly, pid.

US, Rubber $8 pfd.

841

Great Western Bugar

US. Smelting

594

in the principal Markets of the world.

Greyhound Corpn.

U.S. Steel

57+

Interest Rates or Application..

Hercules Powder Co.

Vanadium

11omestake Mining

463

Vultee Aircraft

103-1/2

S'hal Waterworks "A" Unlun Insurance

20 zula. Kalumpeng Rubber 15/7) Lon., Mid, & Scót., Rly. 12t

13-1/2

Int Nickel

241

Walworth Co.

Inter. Paper & Power

127

Warner Bros. Pict.

Int. Tel. & Tel. Johnsman

Westinghouse Elec.

954

584

Woodward Iron Cor.

281

1011 11

Oreat Western Rly,

3311

Kenstecott Copper

National Bank of India 32

Libbey-Owens-Ford

Glass 364

Chase National Bank ...... National City Bank

301*

25+

8.-A, Tob, (bearer)

58/9+

Lockheed Aircraft

234

Libby, Monell) & Libby

Dunlop Rubber

32/71

Bristol Aeroplane

10/6

40-44

Imperial Chemical Ind. 30

DOW JONES AVERAGE

United Steci .....

20/9

Woolworths

1940/41

Margman Investments ... 6/3 Western Holdings Sub-Nigel

High Low Dow Jones Averages

Feb. 21,

9/3

143/9

152.80 111.81 30 Industriale

32.07 22.15 20" Raila

120.24

27.15

Thell Trans &

(hearer)

Trad

26.45 18.03 20 Utilities

19.00

Feb. 26, 1941.

High Low Close 121.74 120.44 121.19 27.43 27.07 27.38 19.19 18.00 19.00

Change

Authorised Capital

Subscribed Capital

20 up.

Paid-up Capitel.

1.25 up

BANK OF EAST ASIA, LIMITED

PORATION. Rules may be obtain-Authorised Capital......$10,000,000.00

For the HosoSONO & SHANGHAI

BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager. Hong Kong 25th Feb., 1930.

Paid-Up Capital 5,505,000.00 Reserve and Undivided

.2,983,261.30

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

Board of Director.

HON. SIR SHOUаON CROW, Chairman Li Koon Choo, Esq. Li Laa Sang, Esq. P. K. Kwok, Esq.

Wong Cha Son, Esq.

Wong In Tong, Esq. Fung Ping, Wah Exq, Chan Ching Shek, aq,

KAN TONO PO, Esq., Chief Manager

An American Bank "offering com. | Hox. Ma Li Tee Fono, Managır.

picte Foreign Banking Service

SAFE DEPOSIT BOXES

This Bark is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources of over U.8.$3,800,000,000.

D. L. BALLANTYNE,

Hombay Ominatin

Branches and Agencies:

Haiphong

Xawioda Penang || Mingapor

Loudon

Manila

Hasgood Bourabaya

Dwator Helbenme Bad Fran- Sydnor Saganaka

alg Tila New York Bottle VADODATI Parle

Felpa

Every description of Banking and Exchange business transacted. Loana grunted on approved securitana.

Current Accounts opened in Luczl Manager, Currency and Fixed Deposits re Iceived for opa year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.

SAFE LEPOSIT BOXES To' Lar.

KAN TONG PO,

Chief Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head omco:-, Gracechurch Street, London, ECS

Profits

Amoy

Башко

molatu

Shanghai

Reserve Fund and Best,

.05 up

92.10 83.08 40 Bonda

89.88

40/76

8-10

-bid

-ex div

04.07 48.47 11

Commodity Index

56.50

90.00 $57,84

.12 ap 1,05 up

BANKERS;

23,000,000

£1,500,000

21,050,000

£1,256,639

ぶ

Business Done:-350,000 shares

Chip. Imperial Rly, 5%

LONDON SILVER

Loan

"47

London, Feb. 24 (Reuter),

Juan Ely, 5%

Silver-Small trade demand Aukuang Rly 5%, 1911...

The Bank of England and Midland

Bank. Ltd. BRANCHES:

Bangkok Ipob

INDO-CHINAL

STEAM NAVIGATION COMPANY LTD

with few offers. Market steady. LP. N/Y Issue

In the afternoon, the market was Hukuang Rly. 5%, 1911 quiet and featureless, with na

business...

Spot 23-7/18d.

Forward, 23-3/80.

LONDON METALS

EXCHANGE

Gerthan Issue>

Lung Tsing & U... Hai.

Rly. 5% 1913

12.

|8′hai-N'King Rig. 5%

Tientain-Pukow Rly. 3%

(Brit. Stpd.)

Operating Services for Cargo and Passengers

TO-

'London, Feb. 24 (Reuter),

Standard. Cash, Middle

Tientsin-Pukow Rły, 5% (German Stpd.) ........ Tientsin-Puków Rły. 5% (Brit. Stpd. Supl. Loan) Tientsin-Pukow "Rty. 5% Ger. Stpd, Bupl; Loan)

and TIENTSIN

Tin.

Price, £278-1/2.

Tin, Standard, 3 months, Middle Jap. 6% Ster, Loan, 1924 21-24 Price. £273-3/4.

SWATOW, SHANGHAL, THINGTAU, CHEFOO

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside

Ger. 7% Intl. Lóan, 1924 (51

Speculative profit-taking is find. (Chartered Bank ing an unreceptive market, 99 HK. & S'hai Bank (Lan

the Roosevelt Terminal in

the French Concession at

Peg) aryat 8279-1/2 and £273-1/2. | Chinese Eng. & Mining Turnover 75 tons,

dealers are waiting for fresh poli Reg., tica, developments. After hours, LK, & Bhai Bank (Cnl. trading continued to be reaction-

Bhanghai, where passengers

and cargo are landed.

For further particulars

please apply to

(bearer)

LONDON GOLD

Chosen Corporation Mercantile Bank of In-

4/-

dla. £5, "0".

London, Feb.. 24 (Reuter). Bar Gold, Fine per oz, 168/-

Pekin Syndicate.

ishal Elec. Constr. Co. .....

11-1/8 1/8 15/-

JARDINE MATHESON&Co.,LT

TELEPHONE DROBILO GENERAL MANAGERS

Kuantan Kandy Karachi

Kota Bharu Kuala Layla

Kuala Trengg Hadrag New York

Penang Rangoon Shanghai Simil

Ennis Lumpur. Singapore HONG KONG BRANCH:

་

Every description of Basking and Exetert business trenacted, TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

CURRENT ACCOUNTS opened in Loon! Our rency and FIXED DEPOSITS roomired in Lock Carreary & STERLING terms that may be issertained on spy eatin

B. BENSON,“

What do

you

"Yang

want ?

If there anything you want to buy or sell, try. & small Classifed advertise- ment in the Hong- kong Daily Press;

25 words $1.50. prepaid for 3 insertions.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

• OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK PAID-UP CAPITAL $40,000,000,

(BRANCHES ALL OVER CHINA) Owing to our numerous Branques in China and connections in the princips! Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange,

Head Office:-SHANGHAI Hong Kong Branch;

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

CANTON SWATOW SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonds and other. Public Funds of the Chinese Government both at Hume and Abroad.

1941-02-26 — Page 10

Comments

Private Research Note