1941-03-04 — Page 10

High Low Close Close Change 10,43 10.38 10,40 10.41 01 up 20.75 20.74 20.78 20.706 08 ot

832 827 834 832

601 60% 13.45 13.31

off

601 601 13.28 13.35

off

STOCKS

,09 up

Close

Opening

Closing

Change

Adama Express

Alleghany Steel Co.

10.43/43

10.42b/442

10.43/43

unch.

Allis Chalmers

10.40/40

10.41/40

10.41/41

.01 up

Aluminium Ltd.

10.30/30

10.29/29

10.31/92

01 up

Amer. Can

9,02/92'

9.95/94

9.95 N

.00

up.

American Cyanamid B....

0.91/91

9.91/91

8.94/94

.03 up

Amer. & Foreign Power

988 N

9.87b/90a

10.94

9.93. N 10.90

15 up

amer & Foreign $7 'pf. ...

04 off

Amer. Locomotive

Amer. Metals Co.

Alter. Radiator

Aner. Rolling Mil

NEW YORK RUBBER

May

Amer. Sting and R’ing Co.

20.76/76"

Do Batavia-

On demand...

On Paris:i

45 1/2

Bank Bills, on demand Nom. Credits 4 months sight Nor

On Baigon:-

On demand

July (New contract) September { } December f

Total sales:-140 tons

23.28/28

20,08/08

1

}

19.91 N

20.70b/908 20.70b/75a 20.15b/40 20.20b/25a 19.95b 20.202 20.00b/10a

20:00 A 19.83 N

06 of

Amer, Sugar Refining

PAGE 10-HONGKONG DAILY PRESS.

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS MARCH 3, 1941.

On London:-

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

On Shanghai:—

On demand

On Singapore:-

On demand

On Japan:-

On demand

"

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

ارم

NEW YORK, March 1, 1941.

ů

13

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

October

March "

420

May

July

...02 3/4

December

102 1/2

| January

Spot

On India:-

Telegraphic Transfer 82 1/2

and demand

On New York:-

Jaz

Bank Bills, on demand 24 1/4 Credits, 60 days sight 25

Prey. Today's

Total sales Friday: 41,700 bales,

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

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

MARCH 2, 1941.

National Distillers

TUESDAY, MARCH 4, 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, 185s

Reserve Fund.:

£8,000,000

£ 6,000,000 Paid-Up Capital ....£3,000,000

Reserve Fund...... Reserve Liability of Pro-

prietors

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

Chairman.

£3,000,000

HEAD OFFICE: LONDON:

38, Bishopsgate "E. C.2. .⠀ Sub-Agencies In London: 117/122 Leadenhall Street, E.C.3. West End Branch: 14/18, Cockapur Street, S.Wi Manchester Branch: 59, Mosley Street, Manchester, 1.

AGENCIES AND BRANCHES

BUNG KONG PENANG

ALOR STAK

Sterling...

Last Sale

STOCKS

Last Sale

"Proprietur

..$20,000,000 |

Mar. 1

Mar. 1

5)*

Loew's Inc.

Head Office:—HONG KONG.

32

201*

Loft. Incorperated

172

29*

Mack Truck Inc.........

271

734*

Hourd of Directors: Hog. Mr. J. J. Paterson,

Martin, Glen L

252

"

85

McKesson & Robbins, pfd. 251

34

W. H. Lock, Esq.,.

Montgomery Ward

301

13/16"

M'tain City Copper Co

Deputy Chairman.

3

16

J. K. Boushold, Esq.,

National Aviation

81*

131

Nat. Dairy Products

131

17*

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

21

19

Hon. Mr. S. H. Dodwell,

National Lead.......

161

137

1. Miskin, Esq...

Nat, Fower & Light

K. S. Morrison, Esq.,

40}

National Supply Corp.

51*

15*

New York Central

12!

.08 off

Amer. Tel, & Tel

1603

Nlagata Hudson Power

27

.08 off

Amer. Tobacco "E"

691

.08 off

N. American Aviation .....

137

Amer. Waterworks

6

North American Co.

Hon. Mr. T. E. Pearce,

Rod. Mr. A, L. Shields, Sir Vandeleur M. Grayburn,

Chic Manager.

кола

OZIVE STAT KUALA

FAIALIS PLACE

AMRITSAR

ILOILO

BANGKOK

IPOE

BATAVIA

BOMBAY

CALOUTTA

AGENCIES:

KARACHI

BANGOON

BA100N

BREEMBAN

SHANGHAI

KLANG

BINGAPORE

151

CANTON

Anaconda Copper

241

Northern Paclic

19

Atchison, T. & S. Fe.

23

CHICAGO WHEAT

| Owens-lilinols Glass Co. ...

431

105

"Aviation Corp.

31

Aacy

May

834/83

831/831

831/831

off

Pacific Gas & Elec

268

Baldwin Lecometive

15

Bangkok

On Manlia:-

On demand"

On Bangkok

On demand....

On Sterling Notes:-

Bar Silver per of

July

791/704.

791/791

Packard Motors

791/79)

24

up

Baltimore & Ohio

31

Batavia

Branches: Johore Rangoon Kobe Saigon

San Kowlcon

GAWNPORN

HITIAWAN

BOUKARAYA

LUMPUR

TAIPING

KUCHING

MADRAR

CEBU COLOMBO DELE:

MANILA

TIENTSIN TONGKAN

(Bhuket)

MEDAN

THINGTAO

48 1/2

September

797/791

794/291.

unch.

Pan-American Airways

124

Bombay

Kuala

Francisco

Barber Asphalt Co.

84*

Paramount Pictures

101

Calcuri 1

Lumpur Shanghai

.149 1/2

Friday's sales:-15,052,000 bushels.

Barnsdall ou

81

Pennsylvania R.R

231

Canton

London

Singapore

Bendix Aviation

344

CHICAGO CORN

Phillips Petroleum

36

Chefoo

Lyons

Now.

May

23 3/8

July

23.5/16 for Forward.

American

Bank Buying Rate

Market Report

FROM ROZA BROS.

Monday, Mar. 3.

unchanged

Suver prices were

Total sales for the day:-32 contracts over, the week-end, the quotations NEW YORK COÇOA remaining at 23.3/8 for Ready and May

801/601

60/801.

601/601

1 off

Bethlehem Steel

78

Public Service of N.J.

271*

Colombo

Malacca

Sungei

Blisa & Co.......

18

Dairen

Mauilu

September

603/002 601/601 801780

601/80)

off

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

24

601/601

unch.

Joeing Airplane Co.

153*

Foochow

Muar

Pure Oll..........

71

Borg-Warner

181

Haiphong

Radio Corpn. of Am ----

41

Rankow

NEW YORK HIDES June September

Briggs Mig..

.213

Reading Company.

Com

131*

Barbin

13.26.28

13.33/33 13.25b/350

13.35/36 13.33/38

,09 up

Budd M'facturing Corp.

4

Remington-Arms Co., Inc.

41*

Iloilo

*anadian Pacific R'way

31

Case, JI

451*

Republic Aviation Corp.

37

Ipoh

Republic Steel

198

Celanese

234

Revere Corp.

81

Chesapeake & Ohio

401

Reynold Tobac. "B"

327

Silver was. imquoted.

The London/New York cross- rate was qutoed at 402.1/2. New York/London was quoted at 403.- 1/2.

July

2.25b/26a

2.29b/30a

Volume of business done:—181 lots.

NEW YORK SUGAR NO. 4 ···

6.12 N 6.11b/13a NEW YORK SUGAR NO. 3 May

8.18 N

:06

un

Chrysler Corpn.

957

Safeway Stores

38**

Columbla Gas & Elec.

41

Schenley Distillers

Commercial Credit Co. ...

30

2,24b/258 .01 off 2,29b/30a unch.

Bears Roebuck

713

Com, & Bouthern (Ord.)

11/18

Shell Union Oi

11

111*

Consolidated Edison

211

Socony-Vacunum Oil

8+

Consolidated O

50

various size to let.

Southern Pacific

9

Continental Can

377

TRUSTEE and

MARKET

Quiet.

May July

764b/.7/a

.761b/.780 .81/811

11.886/72a 11.63b/78 11.73b/80a 34-374

unquoted 4.03-1/2

Trams, $16.75,

SALES

after 1952)

མ་༣

£

1031 101-5/16

11.

42

40-44

HONGKONG

45

24

per cent.

STERLING

There were sellers at 1/3 March- June, buyers at 1/3.1/32 for any delivery.

U. S. DOLLARS

A small transaction was reported at 24.1/2 for March, The market elosed with sellers at 24.1/2 for Cash, buyers at 24 9/16 for Cash.

SHANGHAI DOLLARS

The highest rate touched was 439.1/2 Business was arranged at 439 and 438.1/2. The market closed with sellers for Spot at 439. buyers at 440.

SHANGHAI MARKET

Volume of business done: 64 lots. NEW YORK COPPER FUTURES July

NY. Official Silver NY-London Cross Rate 4,03-3/4

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Feb, 28, The following quotations are the middle prices" at, the close of the Opened with sellers of Sterling-market in Londen. 'All quotations at 3.27/64 and U. S. Dollars at are subject to confirmation and no 5 19742

Subsequently the rate responsibility is assumed for errors receded at 3.13/32 and 5.9/16.in transmission.

Last advices indicated sellers of

Sterling at 3.27/64 and U. B Dol-War Loan, 34% (Ret. lars at 5.19/32 otr Spot.

· AFTERNOON MARKET Steady for Sterling but U. 6. Dollars were slightly "easier.

STERLING

There were sellers at 1/3 March/ June, buyers at 1/3.1/32 for Cash. U. S. DOLLARS

Some business was arranged at 24.1/2 for March. The market closed with a possible seller at 24.7/10 for Cash, buyers at 241/2 for Cash,

SHANGHAI DOLLARS

440 was offered at the opening

Defence Loan, 3% Canton-Kloon Rly. 54. Chinese 4% Gold Loan 1898 (Brit. Issue ..... Chinese 5% Gold Bonds.

1925/47 10hin. 41% Anglo-French

Loan, 1908 Chinese 5% Crimp Loaл

1912

Chinese 5% Renrg. Loan

1913 (Ldn. Is.) oninese 8% Ster. Note

1925 (Vickers), Chin. Imperial Rly, 5%

Loan... Honan Rly 5%

and at the close there were sellers Hukuang Rly 5%, 1911.. at 413.1/2,

SHANGHAI MARKET

Sterling opened with sellers at 3.13/32 and closed at 3.25/64. U. B. Dollars opened at 5.9/16 and closed at 5.17/32 sellers for Spot.

Shanghai Exchange

Shanghal, Mar. 3 (Reuteri.

Official T.T. Rates

Londozi

New York

Japan

India

Paris

Hongkong

Sterling

Opening

0/3-3/8

.5-1/2

23-3/8

18-374 -nominal

22-3/8

Sellera

Opening Closing 0/3-27/64 0/3-25/64 0/8-27/64 0/3-25/04 0/3-13/32 0/3-3/8

(LP. N/Y Issue)

Hukuang Rly 5%. 191

གལ

HONG KONG STOCK. Bond & Share

EXCHANGE

The market was both dall and uninteresting.

BUYERS

Providents, $5.75." Lights, $8.13.

SELLERS

HK. Banks, $1340. Wharves, $95. Electrics .(O), $41.50. Telephones (0), $24. Dairy Farms. $18.25.

31

8-10

SALES

China Lights (0)

300 $ 6.15

47

China Lights Ets.

75 0.65

1940/41

14

HK Docks (0)

100

17.45

High

100

17.45

14

Dairy Farma

Low Dow Jones Averages 162 80 111.84-30 Industrials

32.67 22.15 20 Rails

Mar. 2, 1941. Feb. 28, High Low Close

1 1.97

122.06 121.73 191.88 -

Change

27.43

27.62 27.57 27.59

*.18 up

100

18.25

H.K. Hoteis

German Issue)

12

Lung aing &

Hal

HK. Telephones (0)

Rly. 5% 1913 - S'hai-N'King Rly, 5% Tientsin-Fukow Rly. 5%

(Brit. Stpd.)

¡Ropes

12

14

A.S." Watsons

5.00 3.40 200 24.00 1,000 8.10 500 10.85

20.45 22.19

18.03 20

Utilition

19.32

19.65 19.44 19.63

.0% off

8308 40 48.47 13

Bonds

9.19

90,28

.09.up

Commodity Index

59.03

30.03

21 off

Business Done: 110,000 shares

12

2,875

Tientsin-Pukow Rly. 5%

"Sales on Saturday, March 1.

12

The total value is $27,133,75. Govt. Loans 4% $5,000 at 97%-

12

(German Stpd:)..... Tientsin-Fukow Rly. 5% -Brit. Stpd. Supl. Lean) Tientsin-Pukow Rly. 5%

(Ger. Sipd. Supl. Loan)

Jap. 6% Ster. Loan, 1924 Jer, 7% Intl. Loan, 1924 6

Chartered Bank ............

HK, S'hai Bank (Lan

Reg.)

H.K. & 8 hal Bank (Col

Peg) Chinese Eng. & Mining

:(bearer)

Chosen Corporation.... Mercantile Bank of In-

dia. £5, "G"

Spot Mar.

April

U.S. Dollars

Spot

/.. Mar.

April

$5-19/32 $5-17/32

5-19/32 6-9/16-

Pekin Syndicate

5-17/33 5-1/2

Market:-Uncertain.

Silver Duty Rate.

The Central Bank of China's

234 -26

སྤ་ཐe pe;" 9

76

'bai Elec. Constr. Co. S'hal Waterworks "A" 12 Union Insurance

24

4/-

11-1/8

1/6

12/6

Imperial Chemical Ind. 30/11 United steel .....

Woolworths

21/11 52/8

Maramaŭ Investments

6/3

10/11/

Western Holding... 9/9 Sub-Nigel 39/41en Tran à Trad. 32/73 (bearer);

bla

146/3.

44/41

Gula Kalumpong Rubber 15/0 Lam. Mid, -& Scot Rly: 124 Great Western Rly, 334

rate on London at 10 am today National Bank of India

wie 1/2-1/24,

8-A, Tob (bearer)

Bristol Aeroplane

The Equalisation rate was 24 Dunlop Rubber.

32

84.07

TO

.781b/77a unch. .08b/.Bis

Continental Oil

17)

Southern Rly $5 ptd.

211*

business undertaken.

Spicer Manufacturing Co 324*

Copperweld Steel

144

Standard Brands

61

Ourting. Wright (C.)

81

Curtiss Wright "A*

261

(Stand Gas & Elec. ...........

**

Deere & Co. ....

204

Standard Oil of California.

181

Standard Oll of NJ.

341

",05

Distillers Corpn. Beagrams

181

up

Stone & Webster

6%

Douglas Aircraft

714

Du Pont de Nemours

1441

Studebaker Com,

-61

Eagle "Picher Leag

дна

Swift International

171

Technicolor

9

Eaton Mfg. Co.

32

Elec. Autolite

302

Texas Corpn.

351

31

Texas Gulf Sulphur

357

Elec. Bond & Share $5 pf.

54

Timken-Axle .....

32

Trans-America Co

43*

Alec Bond & Share 36 prť.

61

Elec. Power & Light $7 pf. Matkote

20th Cent. Fox.

51

302

137*

Union Bag & Paper Corp.

101

Gen. American Trans.

60

Union Carbide & Carbon

643

den.

Electric

322

Union Pacifc

78*

THE CHASE BANK

་

United Aircraft

381

Gen... Motors

432

Gen... Rallway Signal

131

United Airlines Trans

137

Gen. Tire & Rubber

11

United Corpn.

11.

Glidden Co.

Goodrich (BF.)

127+

United Corp. $3 cum pl. 25

Sourabaya

Patani Swatow

(Johore) Tientsin Mukden Tokyo

New York Tsingtao Peiping

Yokohama

Penang

PLIPINO

(Urking?

FORK.GN EXCHANGE Rad General Banking Businem transacted.

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 in Local Currency and Sterling with CURRENT ACCOUNTS opened interest allowed at rates obtainable in Local Currency and FIXED DE-on application, POSITS received for one ́year or The Bank's Bend Office in London shorter periods in Local and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of quoted on application.

British Income Tax overpaid, on

SAFE DEPOSIT BOXES of terms which may be ascertained at

any of the Agencies and. Branches

W. II. EVANS THOMAS,

Manager.

EXECUTOR

Hongkong, 28th February, 1941.

HONGKONG SAVINGS

BANK

The Business. of the above Bank is conducted by the BONGKONG

SHANGHAI BANKING COR POBATION. Rules may be obtain ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong. 26th Feb., 1839.

BANK OF EAST ASIA, LIMITED

Authorised Capital...$10,000,000.00 Paid-Up Capital......... 5,508,800.00 Reserve and Undivided

Profits

2,883,281.50

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

Board of Director.

HON SIR SHOUSON CROW, Chairman

15, QUEEN'S ROAD, CENTRALL Koon Chun. Baq.

P. K. Kwok, Esq. Wong Tun Tong, Esq.

Chan Ching Shuk, Eaq,

RAIPHONG HAMBURG HANKOW

NEW YORI

YOKOHAMA

13

United Gas Corpn. ...

Goodrich $5 pl. a...

594*

United Gas Improvement 8)

Goodyear Tire & Co.

177

U.S., Industrual Alcohol.

Great Northern Iron Ore

*14*

U.S. Rubber

Great Northern Ely, pfd.

24

US. Rubber $8 pfd.

Great Western Sugar

231

U.S. Smelting

Greyhound Corpn. Hercules Powder Co Homestake Mining

11

US Steel

881*

Vanadium

544

Vultee "Aircraft

Int Nickel

247

Walworth Co.

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted on Monday, March 3, 1941.

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

Kenzrecott Copper Libbey-Owens-Ford Lockheed Aircraft

134

Warner Bros. Pict.

21

Westinghouse Elec.

Woodward Iron Cor.

56*

-32

Chase National Bank

Glass 354

National City Bank

24*

Libby, Moneill & Libby

At the recent convention of the

DOW JONES AVERAGE

J11 off

An American Bank offering com-HON. MR. LI TE FONG, Manager

plete Foreign Banking Service

Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources of over U.8.83,800,000,000.-

D. L. BALLANTYNE,

A

Manager.

WANT ADS

INDO-CHINA

Kuz

Loudon

Manija

Melbourde Nagasaki New York

Priping

Penank

Baigon

Hingapore Mangoon Exorabaya

Bow San Fran. Bydney

ciao Tintain Seattle Vansanter

Memarao

Shung w

Every description of Banking sad Exchange business transacted. Lozni granted on approved securities, 2

Current, Accounts opened in Loom! Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur easies од terms which will be uoted on application.

SAFE DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Hanage'.

BANK OF CHINA

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

BANK

STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL $40,000,000.

Province of Quebec Association of Operating Servises for Cargo and Passengers..

Breeders of Fur-Bearing Animals in Montreal, Mr. C. C. Holman. |secretary-treasurer of the associa

tion, reported that the province is }now leading in the breading of blue-gray platinum foxes. This type of fox had been developed as a breed in Quebec Province, Mr. Holman said, and he argest con- tinued specialization.

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 Concession at Shanghai, where passengers and cargo are landed.

For further particulars

please apply tomo

JARDINE MATHESON&Co.,LT

TELEPHONE ZOMILÖGENERAL MANAGERS.

(BRANCHES ALL OVER CHINA) Owing to our numerous Branenes in China and connections in the principal 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

BWATOW

SHIUCHOW

KONGMOON TUISHAN

KINGCHOW

We also handle the inane of Bonds and other Publ Funds of the China Government both at. Hort and, Abroad.

SHOU 1. CHEN

Handger

Li Lan Sang, bag.

Wong Cha Son, Esq.

HEAD OFFICE:

Fang Fing Wah Esq.

11

18 PIN STREET.

NEW YORK.

KAN TONG PO, ESQ., Chief Manager

23

201

80*

58*

28

in the principal Markets of the world.

l

Branches and Ayenasca:

Amay

Kowloos

Bazaria

Bomber

Catontia Haiphong

HADKON Hotola

Paris

5

3

951

28*

303*

263*