1941-03-05 — Page 10

NEW YORK.

NEW YORK. March 3, 1941,

Prev. Today's High

Close Close Low 10.40 10.37 10.41 10.41 20.65 20.00

821

831

64

60%

13.03

Close

Opening

PAGE 10-HONGKONG, DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS MARCH 4, 1341

On London:-

Telegraphic Transfer. 127/ - Bank Bills, on demand 1/2 7/8 Credits 4 months' sight

COMMODITY MARKET (REUTER'S SERVICE)

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

+3

NEW

YORK STOCK EXCHANGE

QUOTATION

(REUTER'S "SERVICE),

MARCH 4, 1941

Change unch.

20.70b 20.70B

unch

822

#off

801

STOCKS

Last Sale

STOCKS.

Last Salc

$20,000,000

19.35 13,23

12 off

Mar 3

Mar 3

Adam, Express

51

Head Office:-HONG KONG

Loew's Inc.

314

Closing.

Change

Allegliang Steel Co.

201

On demand ......................................... 62 3/4

On Batavia:-

On Parla

On Saigon:-

On demand

On Manila:--

ara demand mu

On New York:~

Bank Bills, on demand 24 1/8 Credlis, 60 days' sight 24 7/8

On demand

Bank Bills, on demand Nom.

Credits 4 months' sight Nom.

On Shanghai:--

On demand

March

On Singapore::-

May

July

On Japan:-

!

On 'demand

........... 148 1/2

December

On India:-

Telegraphic Transfer.

32 1/9

January Spot

..

|Loft Incorperated

161

430

1043/43

10.40/41

10.41/41

02 off

Allis Chalmers..,-

284

Mack Truck Inc,

264

10.41/41

10.39/38

10.38/39

.03 of

Aluminium Ltd.

72*

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

Martin, Chen L.

251

10.31/32

10.29/28

10 30/30

.01 off

Amer. Can

841

McKesson & Robbins, pfd.

251*

October

9.95 N

9.92/93

9.95/95

unch

American Cyanamid” B.

331

W. H. Lock, Esq.,

Montgomery Ward

361

9.94/94

9.92" A

9,93 N

.01 of

Amer. Foreign Power

13/18

Mtaf City Copper Co.

Chairman.

Deputy Chairman,

3

9.93 N 10.90 ·

9.91

.02 off

Amer

& Foreign $ĩ på. D

157

|National Aviation

BI*

J K. Bousfield, Esq.,

10.83

.07 ott

Amer. Locomotive

13

A. H. Compton, Esq.,..

Nat, Dairy Products

13

Ainer. Metals Co.

174

L. J. Davies, Esq.,.

Total sales Saturday:-40,600 bales,

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

National Distillers

201

Amer: Radiator

Hon. Mr. S. H. Dodwell,

7+

National Lead

16

Amer. Rolling M

G. Miskin, Esq.,

*12*

Nat, Power & Light

B

K. S. Morrison, Esq.,

Auner, Sting and Ring Co.

39!

National Supply Corp.

NEW YORK RUBBER

51

Hon. Mr. T. E. Pearce,

sner, Sugar Refining

144

New York Central

121

........... 45 1/4

May

July (New contract)

20.70b/758 20.20b/254 20.25/25

20,70 B

20.70 B 20.20/20

unch.

Amer. Tel, & Tel.

1601

Niagara Hudson Power

27

unch.

Amer. Tobacco "B"

69

N. American Aviation

134

September

ì

}

December

}

20.00b/10a 19.80b/30.10a 19.97b/20.00

19.80 N 19.83 N 19.90 A

.03 off

Amer. Waterworks

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

Chief. Manager.

5

North American Co......

15

.03 off

Anaconda Copper

231

Northern Paride

5

4

Branches:

Total sales-80 tons.

Atchison, T. & 8; Fe

221"

Owens-linois Glass Co.

434

Aviation Corp.

31

Amoy

104 1/2

Facfc Gai. St Meo

281

CHICAGO WHEAT

Baldwin Lecometire

141

Bangkok

Jobore Rangoon Kobe Saigon

WEDNESDAY, MARCH 5, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA

AND CHINA

Authorised Capital..

850,000,000

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 180#

Reserve Funds:

Sterling

£8,500,000 Paid-up Capital

Reserve Fund... Reserve Liability of Pro-

prietors

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

Proprietors

ار

£5,000,000 .............£4,000,00

£1,000,000

HEAD OFFICE: LONDON:

39, Bishopsgate E.C..

Sub-Agencies In Landon:

117/129, Leadenhall Street, B.C.3. West End Branch:

14/16, Cockspur Street, 8.W Ł Manchester Branch:

69, Mosley Street, Manchester,

· AGENCIES AND BRANCHES-

·BOSA KONG PENANG

ALOR STAR AMRITSAR BANGXOX

BATAVIA BOMBAY

CALOUITA

AGENCIES;

ILOILO

1POR

KARACHI

KLANG

KOM

GIATE STREET KUÁLA FAIRLIN PLACE

· HANGOON

BALDON

BEREMBAN

SHANGHA

'KINGAPORN

BITIAWAN BOUNARAYA

· LUMPUR ~ TAIPING

KUCHING

MADRAS

TIENTSIM

TONGIAM

(Bhuket)

CANTON

CAWRPOR

COLOMBO

MANILA

Packard Motors

21

DELHI

MEDAN

TRINGTAL

Batavia

Kowloon San

On Sterling Notes:--

Oh demand.

On Bangkok:-

On demand

Bank Buying Rate

Bar Silver per os

Market Report

FROM ROZA BROS.

Tuesday, Mar. 4.

Silver prices dropped 1/18 yes- June

48 1/4

May

831/831

832/830

821/82

3 off

Baltimore & Ohio

31

| Pan-American Airways

121

Bombay

Kuala

Francisco

Barber Asphalt Co.

87

July

79/793

793/791

787/78)

off

Paramount Pictures

102

Calcut

Lumpur Shanghal

Barnsdall 01

8*

119 1/2

September

791/79

781/781

off.

Perinsylvania R.R

23

Canton

London

Singapore

Bendix Aviation

341

Now.

Saturday's sales:-6,695,000 bushels.

Phillips Petroleum

361

Chefoo

Lyons

Bethlehem Steel

76)

Public Service of NJ.

Colon:u

Malacca

Sungei

Bliss Co.

181

Dairen

Manila

23 5/16

CHICAGO CORN

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

23

Boeing Airplane Co.

151

Foochow

Muar

Patani Swatow

May ...

804/601

807/802

802/601

"up

Pure 01

72

Borg-Warner

171

Haiphong

(Johore) Tientsin

July

September

601/601 604/801 601/80

601b

off

Radlo Corpn. of” Am.

4

Bankow

Mukden

Briggs Mfg.

Tokyo

201

59tb

off

Reading Company,

Com

13*

Harbin

Budd M'facturing Corp.

32

New York Tsingtao

Remington Arms Co, Inc.

45*

Iloilo

Canadian Pacific R'why

31

Peiping Yokohama

NEW YORK HIDES

Republic Aviation Corp.

31

Ipoh

Case, J.........

461*

terday for both deliveries, the September

13,35/36 13.33/38

13.35b/45a 13.23/27 13.35b/44a 13.23/24

10. off

Republic Steel

184.

Celanese...

23

10 off

Revere Corp. ...........

B1

Chesapeake & Ohio

401

quotations being 235/16 for Ready

Reynold Tobac. "B"

321

advices reported Speculators

having sold to a small extent.

and 29.1/4 for Forward. Buver NEW YORK COCOA

Support was poor. The market NEW YORK SUGAR NO. 3

Chrysler Corpn.

644-

Safeway Stores

381

Columbia Gas & Elec.

4

28 May

6.18 N

6.21/21

6.21 N

,03 up

Schenley Distillers

92

was steady but quiet,

American May

Silver was quoted at 34.3/4 for July

2.24b/253 2.29b/30a

2.185/20a 2.220/23 a

.08 off

5

.07 off

Commercial Credit Co. Com, & Southern (Ord.)

• Consolidated Edison Consolidated Oft Continental Can .......

301

Sears Roebuck

71+

11/18

quoted on application.

Shell Union Oli

113

211

51

Sacony-Vacunum Oil

81

various sizes to let.

......

Southern Pacific

84

37)

TRUSTEE

and EXECUTOR

Spot.

Volume of business done:-75 lots

Southern Rly $5 pfd,

201

1/2

Quiet.

July

MARKET

ני

1925/47

Loan, 1908.

The London/New York cross-

rate was quoted at 402.1/2. New NEW YORK SUGAR NO. 4

York/London was quoted at 403-May

STERLING

Volume of business done:--135 lots.

NEW YORK COPPER FUTURES

There were sellers at 1/3 March/July June, buyers at 1/3.1/32 for any NY. Official Silver delivery.

U. S. DOLLARS

A small business was done early

in the morning at 24.7/16 for Cash. The market closed at 1 p.m. with sellers at 24.7/16 and probable buyers at 24.1/2 for Cash

SHANGHAI DOLLARS Opened with sellers at 445. Business was arranged at various closed with rates The market seller at 443, buyers at 444.

Erratic.

LONDON STOCK EXCHANGE

(REUTER'S SERVICE) London, Mar. 3.

Jap. 6% Ster. Loan. 1924 The following quotations are the er, 7% Intl. Loan, 1924 middle prices at the close of the chartered Bank market in London. All quotations are subject to confirmation and no responsibility is assumed for errors In transmission.

STIANGHAI MARKET

Opened with indica- tions at easiness with sellers of War Loan, 31% (Red, Sterling at 3.3/8 for Spot, Sub

after 1952) sequently the rate receded to Defence Loan, 3% 3.23/64 and at the close sellers Canton-'loon Rly. 5% were again quoted at 3.3/8 for Chinese 41% Gold Leah 8pot. D. S. Dollars opened with 1898. (Brit. Issue).... sel era at 5.1/2. The lowest rate Chinese 5% Gold Bonds. touched was reported at 57/18! and at the close at Noon there were sellers at 5.1/2 for Spot.

Continental Oil

171

business undertaken."

Spicer Manufacturing Co

314*

Copperweld Steel

14

Hongkong. 26th February, 1941.

Penang

Sourabaya

it

HAIPHONG" HAMBURG MANIOW

NEW YORK PRIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSIT received for Ons Year or aborter periods in Local or Other Currencies at rates which will be quoted sa application.

SAVINGS ACCOUNTS also opened 15 Local Currency and Sterling with QURRENT ACCOUNTS opened interest allowed at rates chtainabie in Local Carrency and FIXED DEo application. POSITS received for one year or The Bank's Head Office in London shorter periods in Local, and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery

British Income Tax overpaid, on

SAFE DEPOSIT BOXES of terms which may be asceria med at

any of the Agencies and Branches.

W. H. EVANS THOMAS,

Manager.

YOKUNAMA

ני

Standard Brands

61

.763b/.77a 80b/.81a

.76b/.78ja .00 off .80b/80ja

Curtis Wright (C.)

8

Stand Gas & Elec.

unch.

Curtiss Wright.... “A”

261

Standard Oil of California

18

Deere & Co.

19

Standard Of of NJ.

34

HONGKONG SAVINGS

BANK

Distillers Corpn. Seagrams

16

Stone & Webster

61

BANK OF EAST ASIA,

Douglas Aircraft-

71

Studebaker Com,

to

Du Pont de Nemours

144

11,73b/80% unquoted NY-London Cross Rate 4.03-1/2

11.72b/82a 34-3/4 4.03-1/2

.oi off

Swift International

174

Eagle Picher Lead

9

The Business of the above Bank conducted by the HONGKONG SHANGHAI BANKING COR

LIMITED

Technicolor

83

Eaton Mfg. Co.

314"

Texas Corpn.

354

Elec. Autolite

301

ad on application.

Texes Gulf Sulphur

354

Elec, Bond & Share

31

Timken-Axle

314

BANKING CORPORATION.

Elec. Bond & Share $5 pi.

53"

Trans-America Co.

4

Elec. Bond & Share $6 pf.

614

20th Cent. Fox

5

Elec. Power & Light $7 pi.

30

Flirtkote

Union Bag & Paper Corp.

103

134

Gen, American. Trans.

Union Carbide & Carbon 047

50

23-254

Union Pacific

78

THE CHASE BANK

Gen." Electric

321

6.

United Aircraft

38

Gen Mötors"

421

72"

United Airlines Trans

121

HK. & S'hai Bank (Ldn

Reg.) HK & Bhai Bank (Col

Beg)

Gen. Railway Signal

121*

United Corpn.

11

Gen. Tire & Rubber

12

73

United Corp. $3 cum pf. 254

Glidden Co.

127*

Goodrich (B.F.)

United Gas Corp.

11/18

121)

United

Gas Improvement

8

Goodrich $5 pf.

593*

2.

Chinese Eng. & Mining

Goodyear Tire & Co

171

US, Industrual Alcohol

23

(bearer)

17/-

Great Northern Iron Ore.

14

U.S. Rubber

20

1038 101-5/18

Chosen Corporation

4/-

Great Northern Rly, pfd.

U.S. Rubber $8 ptd.

88

23

11

Mercantile Bank of In-

dia. £5,"G" Pekin Syndicate

Great Western. Sugar

23

U.S. Smelting

563

11-1/8

U.S. Steel

567

Greyhound Corpri

Interest Rates on Application.

111

1/8

Bercules Powder Co

631*

Vanadiuin

271

42

S'aal Elec. Constr. Co.

12/6

Vultee Aircraft

6**

SAFE DEPOSIT BOXES

Homestake Mining

45

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

For the HONGKONG & SHANGHAI

V. M. GRAYBURN,

Chief Manager. Hong Kong. 25th Feb.. 1839.

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, FINE STAEST.

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

Paid-Up Capital

Reserve and Undivided

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

Board of Director.. HON..SIR SHOUSON CHOW, Chairman Li Koon Chan, Baqa Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Jon, Esq. Wong Tun Tong, Beq. Fung Ping Wah Eaq, Chant'Emg Shuk, Esq., KAN TONG, Po, Esq., Chief Manager HON. MR. LI TSE FONG, Manager.

Branches and Agencies?

Penang Mangoon

Manila Balgon Barstow

Melbona Ban Scan. Hydney

cisco Tetain

Vazoonvor

Bemarang

Profits

1,398,600.00

2,083,261.50

40-44

chin. 41% Anglo-French

Anal Waterworks "A" Juten. Insurance Jula Kalumpong, Rubber

12

Walworth Co.

4.

| Amoy

Zomber

Calontza

italphong

Nogizaka

New York

Eestla

uonials

Paris

AUT

Empr

Kowloos

Laxilos

Minuspore Bourabaya

*Int Nickel

241

24

Inter: Paper & Power

134

Warner Bros. Pict:

3.

15/9

45

Lon, Mid, & Scot, Rly.

117

Int, Tel. & Tel...... Johnaman

28

Westinghouse Ecc.

94*

-577

Woodward Iron Cor.

271

AFTERNOON MARKET The market was quiet in the afternoon.

Chinese 5% Grisp Loan

Great Western Aly.

327

Kennecott Copper

32*

Chase National Bank

30+

1913

24

National Bank of India

31

National City Bank

26

Libbey-Owens-Ford

Glass

347

STERLING

Chinese 5% Reorg. Loan,

1813 (Ldn. Is.)

B.-A. Tob (bearer)

88/9

Lockheed Aircraft

231

Libby, Moneill & Libby

52

-31

Dunlop Rubber .....

32/6

There were selera at 1/3 March/-hinese 8% Ster. Notes June, buyers at 1/3.1/32 for any delivery.

Bristol Aeroplane

10/-

London

*0/3-5/16

5-3/8

U..S. DOLLARS Bellers at 24.7/10 for Cash, andį içnan Rly, 5% possible buyers at 24.1/2 for Cash.kuang Rly 5% 1911..

L.P. N/Y Issue SHANGHAI DOLLARS `. Business was arranged at 442.1/2 Hukuang Rly. 5%, 1911

German Issue> and also 443. The market closed with sellers at 442.172.

SHANGHAI MARKET ~Bterling at 3.3/8 and U. 8. Del- lars at 5.1/2, both sellers for Spot.

Shanghai Exchange

Shanghai, Mar, 4 (Reuter)

Official T.T. Rates

Opening

New York

1925 (Vickers) Chin. Imperial Rly. 5%

Loan

8-10

Imperial Chemical Ind.

29/9

United Stec!

DOW JONES AVERAGE

21/-f

47

Woolworths

51/9

1940/41

Mar. 4, 1941.

14%

Marsman Investments

-6/6

Western Holdings

9/3

High Low Dow Jones Averages 182.80.111.8480 Industrials

Mar. 1, High Low Close

Change

This Bank is entirely owned by: TEE CHAST NATIONAL BANK, NEW YORK, with Resources of over U.S.$3,800,000,000.

D. L. BALLANTYNE,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offcor-15, Gracechurch Street, London, EC.3

Every description of Banking and Exchange business transacted. Lomos granted ou approved securities.

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

one year or shorter periods in Local and Forsign Cur- reacies on terms which will be quoted on application.

SAFE, LEPOSIT Boxes To Lær.

KAN TONG PO,

Chief Manager.

1.1.88

121.85 1915 1918

98 off

authorisat Ospital

14

| Sub-Nige}

145/-

32.67 22.15 PO

hell Tran..

Strad

12

20.45 18.03 20 92.19 :83.08:40

Rail Utilities Bonda

97.56

19.43

27.53 27.27 27.33.98 oft 19.40 19.15 19.25

Subscribed Capital

Palup Capital

£1,800.009

21,050404

.2. off

Reserve Yead and Rest

21,264,639

95.28

90.14

(bearer)

43/9

Lung Tsing & U

Rly. 5% 1913 shai-N'King Rly. 5% Tientsin-Pukow Rly. 5%

Brit. Stpd.). .............. Tientsin-Fukow Rly, 6%

(German Stpd.) Tientsin-Pukow Rly. 5% (Brit. Stpd. Bupl, Loan) Tientsin-Pukow Riy. 5

(Ger. Stpd. Supl. Loan).

Hai

-bid

64.07 48.47 11 Commodity Index

12

14

12

12

12

12

22-3/4

18-3/8 22

Calcuna Exchange

and TIENTSIN

Sellers

Jupan

India

Hongkong

Sterling

Brot

Opening Closing 0/3-3/8 0/3-3/8

Mar,

April

U.S. Dollars

Spot

Mar.

$5-1/2 .. 5-1/2

0/3-3/8 0/3-3/8 0/3-23/64 0/3-23/64

$5-1/2 5-1/2

April 5-15/32 5-15/32

Market: Quiet

Silver Duty Rate

The Central Bank of China's rate on London at 10 a.m. today

was 1/2-1/24.

Calcutta, Mar. 3 (Reuter). TT on Japan, 81-1/4

India Rupee Paper

Bombay, Mar. 9 (Reuter). Govt. 31% Rupee, 94-12-0. it.

LONDON METALS

EXCHANGE

London Mar. 3 (Reuter Tin. Standard, Cash, Middle Price, ... £284-1/4′′,

Tin, Standard, 3 months, Middle

The Equalisation rate was 23 Price £263-7/8.

per cont.

Market:-Dali.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating dervices for Cargo and Passengera

TO-

SWATOW, BHANGHAI, TSINGTAU, CHEFOO

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers borth alongside the Roosevelt Terminal in" the French Concession at Shanghai, where passengers and cargo are landed.

For further particulars,

please apply to

JARDINE MATHESON& Co.,LTD. TELEPHONE ZOZIL GENERAL MANAGERS:

The Bank of England and Midland

Bank. Ltd. BRANCHES:

Kasla Tresögnuð

New York

Penang Ranjena Shanghai

Hinistr

Kaula Lumpur · Anespore

HONG KONG BRANCH:

Every maription of Banking and Exchan

business transnoteĚ, Va

TRUSTEE AND EXECUTORSHIP

- UNDERTAKEN.

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 Brancaes in China and connections in the

CURRENT ACCOUNTS opened in Lot Car.Principal:- Commercial - liëntres randy and FIXED DEPOSITS reosized in Local the World, we are able to exienu. Ournedo ERLING on terms that may be Revertetesi on applicatice,

Po our Clienti special facilities for Domestic and Foreign Banking anť Manager Exchange.

D. BENSON,"

What do

you want?

If there is anything you want to buy or 'sell, try a "emäll Classified advertise- ment in the Hong- kong Dally Prest

25 words $1.50 prepaid for 3 insertions.

Head Office:---SHANGHAI Hong Kong Brancar

4, QUEEN'S ROAD, C.. South China Uffirens

CANTON

SWATOW

KONGMOON TO18HAN.

SHIUCHOWKINUCHÓW.

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

BHOU

tanager,

63

57.93

.14 off .10 off

BANKERS:

41

Business Döne:-320,000 shares

Bangkok

Berbey

Cakemtia

Colombe

Kan by

Delhi

Galle

Kota Bharu

Hangkang, Howrah

Kasia

Lipie

M

Kuantan

Karoni