1941-02-28 — Page 10

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On demand

430

On Singapore:-

March

On demand

52 3/4

May

On Japan:-

July

On demand

102 1/2

October

On India:-

December

and demand..

ter: 182 1/2

Fanuary

Spot

10.42/43 10.39/40 10.41/41

Opening

Closing 10.43/43 10.40/42

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS.

FEBRUARY 27, 1941,

On London:---

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

On Shanghai:-

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE).

NEW YORK, Feb. 26, 1941,

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

NEW YORK COTTON

Prev. Today's High Low Close Close Change 10.45 10.40 10.42 10,40 .02 ON 30.67 20.48 20.60 20.53 .07 off

84 823 821

$3 1 up .81 60% 61 :60% 13.10 12.85

را اتر

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

FEBRUARY 27, 1941.

Sterling

off

STOCKR

Lait Sale

STOCKS

Last Sale

Proprietors

$20,000,000

£8,500,000 Paid-Up Capital H.E. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of

Reserve Liability of Pro-

prietors

FRIDAY, FEBRUARY 28, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital.

* $50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1350

Reserve Funds:

13.95" 13.09

.13 up

Fab. 26

Adams Express

51.

Feb. 26

.£3,000,000 £3,000,000

.£3,000,000 HEAD OFFICE: LONDON:

Change

Loew's "Inc.

321

Alleghany Steel Co.

211

.02 CR

Allis Chalmers

Loft Incorperated

291

Mack Truck Inc.

10,33/33 10.33/33

10.40/40 10.31/31

01 up

Aluminium Ltd,

721*.

Martini, Glen L

261

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

.02

off

Amer. Can

9.94/94

9.95/96

-9.91/91

9.95/96

9.91/91, 9.90/90

.03.

off

American Cyanamid B.

McKesson & Robbins, pid.

261

.01 oft

Montgomery Ward

W. H. Lock, Esq.,

371

Amer. & Foreign Power

13/16*

March

May

Telegraphic Transfer.

On New York:-

Bank Bills, on demand 24. Credlis, 80 days' sight 24 3/4

On Batavia-

On demand............... 45

On Paris:-

Bank Bills, on demand Nom, Credits 4 months' might Now.

Total sales Tuesday:-69,100 bales.

The last notice day for Märch Cotton is 14/3/41

NEW YORK RUBBER

9.89 N 10.97

9.92b/943

9,87 N

.03 off

Amer & Foreign $7 pt.

M'tain "City Copper Co.

Deputy Chairman,

15)*

National Aviation

J. K. Bousfield, Esq..

10.90

.06

off

Amer. Locomotive

131

Na. Dairy Products

A. H. Compton, Esq.,

Amer. Metals Co.

173

National Distillers

L. J. Davies, Esq.,

Amer. Radiator

Hon. Mr. S. H. Dodwell,

National Lead

Amer. Rolling Mill

Nat, Power & Light

Amer, Sting and R'ing Co. 41

Amer. Sugar Reining

National Supply Corp.

51*

151

On Saigon:-

On demand

On Manila:-

20,60/60 20.51b/758 20.53/53 20.55/59 20.60/62

20.45/45 July New contract) 20.03b/10a 20.12/12. 20.00/00 .03 off September

19.92/92 ..: 19.83/88

19.75775 13 of

.07 00 -10 off

New York Central

127

Amer. Tel, & Tel

161

Niagara Hudson Power

Amer. Tobacco "B"

093

N. American Aviation

141

Amer. Waterworks

North American Co.

Anaconda Copper

Northern Pacific

........ 104.

.... 48

149 1/2

May

July

Now. 9 7/16

September

CHICAGO CORN

May July September

June

On demand

On Bangkok:-

On demand ....

On Sterling Note:-

Bank Buying Rate

Bar Silver per on

Market Report

FROM ROZA, BROS.

Thursday, Feb. 27.

The price tor. Ready Silver was unchanged yesterday at 23.7/16

NEW YORK MIDES

but the Forward rate dropped 1/16 March to 23.6/18, Silver advices reported the market as being quiet and fest tureless. American Silver Was quoted at 94 3/4 for Spot,

Total sales for the day:-201 contracts

NEW YORK COCOA

Total sales--990 tons.

CHICAGO WHEAT

Atchison, T. & §. Fe.

Branches:

Owens-Illinois Glass Co.

"Aviation Corp./...

Pacific Gas & Elec

261

Amoy

Johore

G. Miskia, Esq.,

K, S. Morrison, Esq...

Hon. Mr. T. E. Pearce,

Hon. Mr. A. L. Shields, Sir Vandeleur M. Graybüro,

Chief Manager.

BOMBAY

CLIVE STREET KEALA

CANTON

CIA WNPOSK

CEBD

flead Office:-HONG KONG

Chairman.

38, Bishopsgate E...

Sub-Agencies In London: 117/122, Leadenhall Street, E.C.a West End Branch:

14/16, Cookspur Street, S.W

Manchester Branch:

62, Mosley Street, Manchester, 1.

· AGENCIES AND BRANCHES ALOR STAB AMRITHAR

HONE IN IZNANG ILOILO ПРОД

TABAOR:

KLANG

BANGIDX

BATAVIA

CALOUTTA

AGENCIES:

FAIRIN PLACE

KOS

Baldwin Lecometive

151

Bangkot

Kobe

Packard Motors

83/821

821/83

781/781

787/781

731/781

238/231 791/791 79/79

Baltimore & Ohio

Batavia

Kowicon

Pan-American Airways

131

ł up

Barber Asphalt Co....

B3*

Bombay

Kuala

Rangoor Saigon San

Francisco

Paramount Pictures

103

Calcutta

Barnsdall'Ou

Lumpur Sbucgbai

Bendix Aviation

35)

Pennsylvania RR.

Canton

London

Tuesday's sales:-12,226,400 bushels.

Phillips Petroleum

381

Chefoo

Lyons

Bethlehem Steel

792

Pubile Service of N.J.

261

Colorib

Malacca

Sungei

Biss Co.

Boeing Airplane Co.

163

Pullman Inc..................................................

Daire"

241

Manila

Foochou

Muar.

61/61A

811/61 002/603 601/601 601/60-3

601/601

off

Pure Oll

Borg-Warner

181

Haiphong

(Johor) Tientsin

601/601

off

Briggs Mig.

221

Radio Corpn. of Am.

Bankow

Mukdeo

Tokyo

597/60

off

Budd M'facturing Corp.

Reading Company,

Com 13.

Harbin

New York Tsingtao

Remington Arms Co., Inc. 41*

Iloilo

Canadian Pacific R'way

Case, JI.

481

Republic Aviation Corp. ...

Ipoh

12.95/13.02 12.95/95 13,10/10 13.00b/15a

13.08/10 13.10b

13 up

Republic Steel

•191

Celanese

unch.

Chesapeake & Ohio

Revere Corp.

81*

414

Reynold Tobac, “B”

324

Chrysler Corpn.

863-

Safeway Stores

38*

Columbia Gas & Elec.

Commercial Credit Co.

Schenley Distillers

"The London-New York cross. rate

quoted Was

at 402.1/2 New York-London was cucted at 403.1/?

March May

8.01 N 6.09 N

5.98/99 8.05/05

6.02 N 6.11 N

Com. & Southern (Ord.)

"11/18

Sears Roebuck

717

01 up .02 up

Shell Union Off.

114

quoted on application.

Consolidated Edison

Consolidated Of

Socony-Vacunum Oil

MARKET

NEW YORK SUGAR NO. 3 March May

Continental Can

371

Southern Pactic

various sizes to let.

2,14b/15a

Continental Oll

Southern Rly $5 pfd.

221

TRUSTEE and

EXECUTOR

business undertaken.

2,19b/20a

70b) 7042 .730/.73ja

re-

Opened with sellers at

439 for

Quiet

STERLING

Volume of business done:-352 lots There were sellers at 1/3 Feb.- May, buyers at 1/3.1/32 for Cash. NEW YORK SUGAR NO. 4

U. S. DOLLARS

March Steady. Opened with sellors at

May 24.1/2. Some business Was ported at 24.9/16 for Cash. The market closed with sellers at 24. 9/16 for Cash, buyers at 24.5/8 for Cash.

SHANGHAI DOLLARS Some business was done at 440.

market 1/2, The

closed with sellers at 444.1/4.

SHANGHAI MARKET Sterling at 3.25/64 and V. S. Dollars at 5.17/32, both sellers for

Spot

AFTERNOON "MARKET

Quiet

STERLING

There were sellers at 1/3 Feb- ruary/May. buyers at 1/3.1/32 for any delivery.

U. S. DOLLARS

Volume of business done:-35 lots.

The Last notice day for March is 28/2. NEW YORK COPPER FUTURES March July

NY, Official Silver 34-3/4 NY-London Cross Rate 4,63-1/2

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

11.73b/80a 11.75b/79a unch, 11.60b/68a 11.64b/68a .02 up

34-3/4 4.03-1/2.

LONDON METALS

EXCHANGE

London, Feb. 26 (Reuter),

Standard, Cash, Middle

Tin. Price: £272-1/8.

Price, £267-5/8.

Tin, Standard, 3 months, Middle

London, Feb. 26. The following quotations are the middle prices at the close of the were sellers at 249/16 for Cash, market in London. All quotations heavy

Were a shade steadier. There

buyers at 24.11/16 for Cash,

SHANGHAI DOLLARS

Market, easy. Prices slumped on tension in Far Eastern relations, Liquidation

are subject to confirmation and no American responsibility is assumed for errors caused further contraction of near n transmission.

prices. After hours, the market was barely steady at the de line. Prices ranged from £270) and £2674. Turnover 174 tons.

Spot, The market closed with War Loan. 3% (Red,

sellers at 438 for Spot,

after 1952) Defence Loan, 3% Janton-Kloon Rly. 5% Chinese 41% Gold Loan

SHANGHAI MARKET Opened with sellers of Sterling at 3.13/32 for Spot Last advices indicated sellers at 3.27/64 for 1858 (Brit. June Spot. US Dollars opened with Chinese 5% Gold Bonds.

1925/47 sellers for Spot at 6,9/16 and last advices Indicated sellers at 5.19/32 for Spct.

Shanghai Exchange Chinese 5% Rearg, Loan, -

Shanghal, Feb, 27 (Reuter).

Official T.T. Rates

SILVER MARKET

LONDON SILVER

London, Feb. 26 (Reuter).

Inter. Paper & Power Int, Tel, & Tel Johnsman

1940/41

32.67 22.15 20 26.45 18.03 20 92.19.83.06 40 64.07

48.47 11

2.15b/16a 2.19b/20a

01 up unch.

Copperweld Steel

151

Spicer Manufacturing Co. 32* *...

Svandard Brands

Curtiss Wright (C)

Curtis Wright ""

261

Stand Gas & Elec,

Deere & Co.

193

Standard Of of California 181

Distillers Corpn. Seagrams

| Standard Oll of N.J.

700/.732 73b/.743

701b/.71a +00 up .734b/.74%

Douglas Aircraft

733

Stone & Webster

.001 up

Du Pont de Nemours

1434

Studebaker Com

Eagle Ficher. Lead

ရန်

Swift International

181

Baton Mfg. Co.

Technicolor

Elec. Autollte

302

Texe: Corpn.

Elee Bond & Share

Texes Gulf Sulphur

11.75b/79a 11.62b/66a

Elec. Bond & Share $5 pt.

431

Timken-Axle

301

Elec Bond & Share $8 of 812 Elec. Power de Light $7 pf.: 291* Flintkote

Trans-America Co

20th Cent. Fox

41 6

131

Union Bag & Paper Corp. 101

Hong Kong 25th Feb., 1939,

Gen. American Trans. Gen. Electric

Union Carbide & Carbon" 65

327

Union Pacifc

Gen

Motors

431

United Aircraft

Gen. Railway Signal

13.

United Airlines Trans

131

Gen. Tire & Rubber....

109*

United Corpn.

13 ·

Glidden Co.

United Corpn. $3 cum pt. 251

HEAD OFFICE:

Goodrich (BF))

United Gas Corpn.....

11/16

18, PINE STELLT.

Hongkong. 26th February, 1941.

HONGKONG SAVINGS.

BANK

The Business of the above Bank 8 conducted by the BONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SENGEA1 BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

THE CHASE BANK

BANK OF EAST ASIA, LIMITED

Authorised Capital.....10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided

Profits

.................2,983,261.50

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

Board of Director.

15, QUEEN'S ROAD, CENTRAL HON. SIE SHOUJON CROW, Chairman

Li Lan Sang, Faq.

Li Koon Chan, Esq. 2. K. Kwok, Esq.

Wong Cha Son, Esq. Wong Yun Tong, Esq. Fang Ping Wah Esq. Chan Ching Shok, Esq.

Singapore Sourabaya

Patani Swatow

Peiping Yokohama Penang

MANILA

MIDAN.

NEW TOK. PKIPING

(Pekink!

TONKAM

(Phuket)

TBIKOTAL YOKOHAMA

FOLLON EXCHANGE and Geners! Banking Business trausscted.

CURRENT. Accounts opened and FIXED DEPOSITS received for One Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened is Local Currency and Sterling with

CURRENT ACCOUNTS opened interest allowed at rates obtainable

in Local Currency and FIXED DE- 100 application. POSITS received for one year or

The Bank's Head Office in London shorter periods in Local and Other Lundertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of

་་

SAFE DEPOSIT BOXES of terms which may be ascerts'ned at

any of the Agencies and Branches.

R. A CAMIDGE,

Manager.

RANGOON

BAIGON

BEREMBAN AHANGHAI

$1NGAPOR

SITIAWAN

SOURADATI

LUMFUB

TAIPING

KUCHING

TIENTSIN

MADRAS

COLOMBO IBLI

HAIPHONG

KAMBURG BANKOW

British Income Tax overpaid, "co

United

Goodrich $5 pt.

Gas Improvement

NEW YORK.

Goodyear Tire & Co.

13+

U.S., Industrual Alcohol.

231

Great Northern Iron Ore

10-

US, Rubber

201

Great Northern Aly, pfd.

241

UB. Rubber 38 pfd.

Great Western Sigar

221

UB, Smelting

Greyhound Corpn.

U.S. Steel

Hercules Powder Co,

Vanadium

Homestake Mining

Vultee Aircraft

Int Nickel

257

Walworth Co.

13}

Warner Bros. Pict.

Westinghouse Elec,

Woodward Iron Cor.

•

103-1/2

1011 11

4D-44

Chin. 44% Anglo-French

Loan, 1908 Chinese 5% Crisp Loan.

1912

Silver-Market

quiet and fea

tureless. Very little business. the afternoon, the market

In was

quiet and featureless with no busi-

nesa.

Öpening

1913 Lda. Is.) Chinese 8% Ster. Notes,

1925 (Vickers)

Spot 23-7/16d

High Low Dow Jones Averages 159.80 111.84 30 Industriala

Rails. Utilities Bonds Commodity Index

Feb. 25,

112.40

27.43

19:16

Feb. 27, 1941.

High Low Close 129.90 121.09 122.39 27.04 27.41 27.52 19.25 19.08 19.16

93.11

57.54

8-10-

London.

New York Japan India

0/3-3/8 5-1/2

Chin. Imperial Rly. 5%

Lozn

.......

23-3/8

Ionan Rly. 5%%

18-3/4

Hukuang Rig 5%. 1911...

Ready ....

Paris Hongkong

nominal

<LP. N/Y Issue)

Mar. 24 Settlement

22-3/8

sukuang Rly. 5%. 1911

April 22 Settlement

'Spot

Mar.

Sterling

Sellers

Opening

0/3-25/540/3-21/84

0/3-25/64 0/3=27/64

German Issue)

Lung Taing & U Hai

Closing

Rly. -6% 1913

LONDON GOLD

S'hat-N'King Rly, 5%

14:

Tientsin-Pukow Rly, 5%

Mar.

0/3-3/8 0/3-13/32 U.S. Dollars'

(Brit. Stpd.)........

London, Feb. 26 (Reuter), Bar Gold, Pine per oz, 168-

8pot

Feb.

Mar.

per cent.

Calcutta, Feb. 28 (Reuter).

$5-17/32 $5-19/32 5-17/32 5-19/32 5-1/2 5-B/18 Market: Quiet but steady,

Silver Duty Rate

The Central Bank of China's rate on London, at 10 am. today was 1/2-1/24.

The Equalisation rate was 24 HK, & 8'hai Bank (Ldn

Calcutta Exchange "

TT. on Japan, 81-1/4

India Rupee Paper

Bombay, Feb, 20 (Reuler). Govt. 31% Rupec, 94-08-0.

Tientsin-Pukow Rly. 5%

(German Stpd.) Tientsin-Pukow Rly. 5% (Brit: 8tpd. Supl Loan) Tientsin-Pukow Rly. 5%

;

(Ger, Stpd. Supl. Loan) 12 Jap. 6% Ster. Loan, 1924 25

6'hal Waterworks "A"..." 12 Union Insurance

24 Gula Kalumpong Rubber 15/9 Lan, Mid, & Scot.; Rly.-12

Great Western Rly.

334

Ger, 1% Intl. Loan, 1924 8 Chartered Bank

National Bank of India 321

B.-A. Tob (bearer)

88/91

Junlop Rubber

32/7+

Reg.)

Bristol Aeroplane

10/3

ELK & 8 hai Bank (Col.

Feg) Chinese Eng. & Mining

(beater)

Imperial Chemical Ind. 29/10 United Steel

21/-

Woolworths **

52/-

For further particulars

please apply to-

Maraman Investments...

6/3

Choam Corporation.... Mercantile Bank of In-

dis, £5, "G"....... Pekin Byndicate S'hal Elec, Cometr, Co.

41-

Western Holdings Sub-Nigel

9/6

145/-

11-1/8 -1/8- 12/6

Shell Tranı

(bearer)

•bid

Trad.

41/10

JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL GENERAL MANAGERS

Kentecott Copper Libbey-Owens-Ford Lockheed Aircraft

Chase National Bank

Glaze 384

National City Bank

241

Libby, Moneill & Libby

Forward, 23-5/16d.

BOMBAY SILVER

Bombay, Feb, 26 (Reuter).

Market Steady, offtake 200 bars,

Indian Mint Silver

63-02

62-12 62-12

DOW JONES AVERAGE

Change

.01 off

.09 up .01 up 90.17 .06 up 67.04.10 up.

pver U.S.$3,800,000,000,

D. L. BALLANTYNE,

Manager,

Ajob?

WANT

Business Done-380,000 shares ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOLE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concision at Shangbai, where passengers and cargo are landed.

Balavix

Branches and Agencies:.

Kowloos Ponnaz Hingapor

Landon

Hangoon Bombay's dalgon Bwataw Melbourne Vas Fran- Bydacy

Nagasaka

cisco Tecēla

Now York Battle Vancouver Paris

Polping Shanghal

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

Current Accounts opened in Local Currency and Fixed Deposita re- ceived for

one year or shorter periods in Local and Foreign Cur roncies on terms which will be Juoted on application.

SAFE LEPOSIT BOKES TO LET

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

BANK

PAID-UP CAPITAL $40,000,000.

(BRANCHES ALL ÖVER CHINA) Owing to our "numerous Branenes in China and connections in the principal Commercial Centres, ot the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking sar Exchange.

Head Office:-SHANGHAI Hong Kong Branch:

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

CANTON

SWATOW

SHLUCHOW

KONGMOON TUISHAN KINGCHOW

We also handle the issue of Bondy and other Public Funds of the Chinees Government both at Home and Abroad.

SHOU J. CHEN.

Manager.

An American Bank offering com- plete Foreign Banking Service

KAN TONG PO, Esq., Chief Manager HON. MB. L1 TSR Foxo, Manager

in the principal Markets of the 'world.

Lucy

591

Interest Rates on Application,

Bombay

Manila

283,

Ookulia Haiphong

SAFE DEPOSIT BOXES

Hakow

Mondiala

Bemarkig

Love

237

This Bank is entirely owned by. THE CHASE NATIONAL BASE, NEW YORK, with Resources of

1941-02-28 — Page 10

Comments

Private Research Note