1941-03-07 — Page 11

NEW YORK. March 5, 1941.

Prev. Today's

High

Low Close Close Change 10.45 10.39 10.39 10.42 0.03 up 21.20 21.00 21.00 21.08 0.08 up 83) 83; 831 824 1.00 off 811 61 61 311 .0+ up 13.47 13,35 13.30 13.41 0.11 up

STOCKS

Close

10.42/42

Opening

Closing

Change

Adams Express

Alleghany Steel Co.

10.43/43

10.44/45

0.03 up

Allis Chalmers

10.39/39 10,39/39

10.42/43

0.04 up

Aluminium Ltd.

10.30/30 10.32/31

10.36/37

0.07 up

Amer. Can

9.99/99

10.00/01

10.10/10

0.11 up

American Cyanamid B

9.97/97

9.99/09

10.09/09

0.12 up

Amer. & Foreign Power

9.95 N

9.96b/984

19.07 N

012 up

Amer & Foreign $7 pt.

10,79

10:31

0,02 up

Amer, Locomotive

Amer. Metals Co.

Amer. Radiator

Amer. Rolling Mill

On Batavia :--

Amer. Sting and Ring Co.

On demand

45 1/4

On Paris:-

On Saigon:--

On Manila

Bank Bills, on demand Nom.

Credits 4 months' sight Nom."

On demand 104 1/2

On demand

} 20.20b/25a

December

... 20.00 - N

21.00/00 20.50/50 20.15b/302 20.103

21.06/08 20.55b/60a 20.25/25 20,00 N

0.08 0.10 up unch."

up

Amer, Sugar Refining

Amer. Tel, & Tel

Amer. Tobacco "B"

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

"CLOSING QUOTATIONS

非

MARCH 6, 1941

On London-

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

On Shanghai;——

On demand

On Singapore-

On Japan:-

On demand

On India:-

On demand

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

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

March

430

52 3/4

May

July

October

1/2 1/2

December

.

January

12

Spot

Telegraphic Transfer. L

and demand

On New York:--

Bank Bills, on demand 34 1/8. .. Credits, 60 days' sight 24 7/8

Total sales Tuesday:-57.400 bales.

The last notice day for March Cotton is 14/3/41", NEW YORK RUBBER.

21.00 (00" May July (New contract! ... 20.41b/50a September

NEW YORK STOCK EXCHANGE

QUOTATION (REUTER'S SERVICE)

MARCH 6, 1541

FRIDAY, MARCH 7, 1941..

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital. 850,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 185#

Reserve Funds:

Sterling ....

....£3,000,00

£2,000.00

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

Reserve Liability of Pro- Proprietors

pristors

£3,000,000 HEAD OFFICE: LONDON:

38, Bishopsgate E.C..

Sub-Agencies In London: 117/192, Leadenhall Street, "E.C.3. West End Branch;

14/16, Cockapur Street, S.W: Manchester Branch:

52, Mosley Street, Manchester, 1.

AGENCIES AND BRANCHES - ALOR'STAR HONA KONG

PENANG AMRITSAR BANGKOK

BATAVIA BOMBAY

ILOILO

IPOX

Last Sale

STOCKS

Last Sale

3

.$90,000,000

March 5

March 5

57..

Head Office:-HONG KONG

Loew's Inc.

32+

203.

Loft Incorperated

18

*28)

Mack Truck Inc.

271

73"

Board of Directores Hon. Mr. J. J. Paterson,

Martin, Glen L.

251

81

McKesson & Robbins, pfd.

.25*

331

Montgomery Ward

361

013/16 Mtain City Copper Co.

Chairman. W. H. Lock, Esq.,

Deputy Chairman,

151

J. K. Bousfield, Esq.,

National Aviation

83

123

Nat Dairy Products

A. E. Compton, Esq.,

134

17

National Distillers

L. J. Davies, Esq.,

21

Bi

National Lead

153

132

Hon. Mr. S. H. Dodwell,

Miskin, Esq.,

BANGOON SALOON

Net, Power & Light

B1

K. S. Morrison, Em,

39

BREEMBAS

National Supply Corp.

5**

Hon. Mr. T. E. Pearce,

KARACHI

15

SEANGHAJ

New York Central

121

1602

Niagara Hudson Power

21

69

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

KEANO

CALOUTTA

SINGAPOR

AGENCIES!

unch.

N. American Aviation

13

Amer. Waterworks

51

Chief Manager. PLACE

North American .Ca.

151

Total sales:-350 tons.

CHICAGO WHEAT

Anaconda Copper

23}

| Northern Pacine

6

Branches:

OLIVE STRAFT

CANTON CAWNPOZI

KOBE

KUALA

SITIAWAN

NOURAMAT♪

LUMPCB

TAIPING

KUCHING

TIENISIM

Atchison, T. & 8; Fè

221

MADRAS

| Owens-Illinois Glass Co.

434

Aviation Corp.

33

Amoy

Johore

48 1/4

May July

gere 831/831

831/831

821/821

1.00 off

Pacific Gas & Elec

263

Baldwin Lecometive

15

Bangkok

Kobe

791/791

791/791

781/791

0-7/8 off

Packard Motors

23

On Bangkok-

Baltimore & Ohlo

3k

Batavia

Kowloon

On demand

148 19

September

unquoted

782/78

Pan-American AirwaJa

124

Barber Asphalt Co.

BJ"

Bombay

Kuala

Rangoon Saigon Seu

Francisco

CERU COLOMBO

MANILA

TONGKAH

(Bhuket)

DELAI

MEDAR

TBINGTAL

On Sterling Notes:-

Tuesday's sales:-6,138,000 bushels.

Paramount Pictures

114

Calcutia

Lumpur Shanghai

Barnsdali Ou

81

HAIPHONG HAMBURG HANEUW

NEW YORK

YOKOHAMA

Pennsylvania RR

221

Canton

London

Singapore

ม

Bank Buying Rate

Now!

CHICAGO CORN

Bendix Aviation-

341

Phillips Petroleum

361

Chefoo

Lyons

Sourabaya

Bar Süver per oz. ........

43.3/

May

Market Report

FROM ROZA BROS.

Thursday, Mar. 6. Sliver prices were unchanged yesterday, the quotations remain-

23.3/8 ing at

for Ready and 23.5/16 for Forward. Silver ad-

Total sales for the day-60-lote.

vices reported the market as being quiet and featureless. American NEW YORK SUGAR NO. 3. Silver was quoted at 34.3/4 for May. Bpot.

July

611/81 51,61

611/611

624/611

0-1/4 up

Bethlehem Steel

76)

Public Service of NJ.

271

Colombo

Malacen

Sungei

602/803

September

60/601

61/60% 603/601

0-1/8 off

Buss & Co.

162

Pullman Inc...

23.

Dairen

Manila

Patani

0-1/4 up

Boeing Airplane Co.

15

Foochow

Muar

Swatow

Pure 00

77

Borg-Warner

18

Haiphong (Johors) Tientsin.

Radio Corpn,' of Am,

4

NEW YORK HIDES

Baukow

Briggs Mig.

Mukden

Takyo

21

Reading Company, Com

131

Harbin

June September

13.30/30

13.20/30

13.35b/45a 13.40/40

13.41/41 13.37/43

0.11 0.13 up

קט

Budd M'facturing Corp.

IX.. ''

New York Tsingtao

Remington Arms Co., Inc.,

41"

Iloilo

Peiping

Yokohama

PRIFING

(Pekane)

FORE ON EXCHANGE and Generat Banking Businem träusacted.

CURRENT ACCOUNTВ--Opened and FIXED DEPOSITS received for Ons Year or shorter periods in Local or Other Currancisa at rates which will be quoted on application.

Canadian Pacific R'way

31

Republic Aviation Corp....

31

Ipoh

Case, JI.

462

Republic Steel

19

Celanese

233

NEW YORK COCOA

May

Revere Corp. ...

81

Chesapeake & Ohio

401

5.25/26

6.28/28

6.49 N

0.23 up

Reynold Tobac. "B"

317

Chrysler Corpn.

64)

Columbia Gas & Elec.

Safeway Stores

387*

4

July

2.17b/19a 2.22b/23a

.2.18b/19a unch.

2,220/23a

unch.

I

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

NEW YORK SUGAR NO. 4

■>

May

July

MARKET

Qulet.

#

STERLING

Nothing" doing. There were sellers at 1/3 up to June, buyers at 1/3.1/32 for Cash.

U. S. DOLLARS

No business was reported. Open- ed with sellers at 24.7/16 but later 24.1/2 could have been ob tained for April, buyers bidding 24.9/16 for Cash,

SHANGHAI DOLLARS

11.89b/908 NY. Official silver 34-3/4 NY-London Cross Rate 4.03-1/2

LONDON STOCK EXCHANGE

(REUTER'S SERVICE) Londen, Mar. 6.

The following quotations are the Opened with sellers at 444.1/2. middle prices at the close of the The highest rate done was 445.1/3. market in London. All quotations "The market closed with sellers atjare subject to confirmation and no

444.

responsibility is assumed for errors in transmission.

SHANGHAI MARKET Opened with sellers of Sterling

Tientsin-Pukow Rly. 5% Brit. Stpd. Supl. Lean) Tientsin-Pukow Riy. 5% (Ger. Stpd. Supl. Loan) Jap. 6% Ster. Lean, 1924

.554b/.764 7751/751

781b/.79a .78b/802 Volume of business done:-67 lots. NEW YORK COPPER FUTURES" July

.75b/761a .68+b/79a

01 off unch

Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison Consolidated Of

Continental Can

Schenley Distillers

91

30%

Sears Roebuck

72)

03.

Shell Union Oll

11

quoted on application.

211

Socony-Vacunum of

81.

54

various sizes to let.

Southern Pacifie

81

.37!

Southern Rly $5 pfd.-

201

Continental 011

17.

Copperweld Steel

Spicer Manufacturing Co. 313*

busineas undertaken.

15

Curtiss Wright (C)

Standard Brands

61

&

Curtiss Wright "A"

Stand Gas & Elec.

01

261

11.85b/92a 11.91/91

0.01 up

Standard Off of California

18

Deere & Co.

201

34-3/4 4.03-1/2

Standard Oil of NJ.

34

Pensog

·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 Head Office in London 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

1:

SAFE DEPOSIT BOXES of terms which may be ascertained at

TRUSTEE and ..EXECUTOR

Hongkong. 26th February, 1941.

HONGKONG SAVINGS

BANK

any of the Agencies, and Branches..

W. H. EVANS THỔMAS,

SAVINGS ACCOUNTS also opened" ID Local Currency and Sterling with

Manager.

Distillers Corpn. Seagrams

181*

Stone & Webster

62

Douglas Aircraft

714

Du Pont de Nemours

Eagle Picher Lead

Eaton Mfg. Co.

Elec, Autolite

Elec Bond & Share

Elec. Bond & Share $5 pt.

Elec Bond & Share $ pf.

12

Elec. Power & Light 37 pf. Flintkote

12

Gen. American Trans,

24-26

Gen, Electric

£

at 3.3/8 and then receded to War Loan, 3% (Red,

after 1952) 3.23/64. Lasi advices received re ported sellers again at 3.3/8 for Defence Loan, 3% Spot, U. 8. Dollars opened with Canton-Kloon Aly.' 5% sellers at 5.1/2 and then receded to Chinese 41% Gold Lan

Ger, 7% Intl. Loan, 1924" Chartered Bank ....... HK. & S'hai Bank (Län

Reg.)

6

Gen Motors

8-1/8

Gen. Rallway Signal

Gen. Tire & Rubber

74

Glidden Co. ..

1032

H.K. & Shal Bank (Col

Goodrich (B.F.)

"1013

Peg)

761

Goodrich $5 pt.

11

Chinese Eng. & Mining

Goodyear Tire & Co.

(bearer)

17/-

Great Northern Iron Ore

5.15/32. The market closed with sellers at 5.1/2 for Spot

1898 (Brit. "Issue Chinese 5% Gold Bonds.

1925/AT

42

Chosen Corporation

4/-

Great Northern Rly, pid.

Mercantile Bank of In

Great Western Sugar

40-44

V. dia. £5, "G"

11-1/8

Greyhound Corpn.

AFTERNOON MARKET The market was

qulet in

afternoon.

the

Chin. 41% Anglo-French

Loan, 1908

Pekin Syndicate

1/6

Hercules Powder Co.

45

S'hai Mec. Constr. Co.

12/6

Homestake Mining

STERLING

The market closed with sellers

at 1/3 up to. June, buyers at 1/3.-

Chinese 5% Crisp Loan.

1912 Chinese 5% Renis, Loan

1913 (Ldn. Is.)

S'hat Waterworks “A”

12

Int Nickel

24

Union Insurance,...

21

Inter. Paper & Power

Qula Kalumpong Rubber 15/9

Int. Tel. & Tel

31

|Lon., Mid, &z Scot, Rly. ·11

Johnsman .....

1/32 for any delivery.

U. DOLLARS * Closed with small sellers 24.1/2 for near, buyers at 24.9/18 for Cash.

Chinese 8% Bter. Notes,

∙1925 (Vickers)

Great Western Rly.

314

Kennecott Copper

8-10

National Bank of India

32

at

Chin. Imperial Rly. 5%

Loan

B.-A. Tob (bearer)

87/8

Libbey-Owens-Ford Lockheed Aircraft

47

Dunlop Rubber

31/101

Henan Rly, 5%

14

Bristol Aeroplane

10/3

SHANGHAI DOLLARS Business was dope in the after- noon at 444 and later at 4441/4 Hukuang Rly. 5%, 1911 and 444.1/2. The market closed

Hukuang Rly 5%, 1911..

Imperial Chemical Ind. 29/9

(LP. NY Issue>

14

United Steel

21/- +

Woolworths"

50/10

1040/41

(German Issue)

12

Marsman Investments..

6/8.

at 144.1/4, buyers probably at Lang Tsing & U 444.3/4.

Hai

Western Holdings

.973

Rly. 5% 1913

12

Bub-Nigel

1457-

SHANGHAI MARKET Opened with sellers of Sterling Tientsin-Pukow Rly. 5% at 3.3/8 and last advices received reported sellers at 3.23/64 for Spot. U. S. Dollars closed with sellers at 51/2 for Spot.

Shanghai Exchange

Shanghai, Mar. 6 (Reuter).

Official T.T. Rates

hai-N/King Ply. 5% ...

14

Then TrapL & Trad

(bearer)

43/14

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

"12

•-bid

+ -ex, dtw

Eigh Low Dow Jones Averages 152.80 111.54 30 Industrials

32.67. 22.15 20 "Raila 26.45 18.03 20 Utilities.

Bonds 92.19. 83.08 40 64.07 48.47 11 Commodity Index

12

Spot $5-1/2

Mar, Apr.

U.S. Dollars

$5-1/2 5-15/32 5-1/2 5-15/32 5-15/32

Opening

London

New York.

Jupan

India

Paris

'Hongkong

0/3-5/16

5-3/8

Spot. 23-3/Bd..

Forward, 23-5/18d,

BOMBAY SILVER

22-8/4

18-3/8 nominal

72

TIENTSIN EXCHANGES

Tientsin, Mar. 6 (Reuter).

T/T on London

3-27/32

T/T on New York...... 6-5/18

D/Don Shanghal

Local exchange, sellers,

CN$100

Market:-Quiet.

Silver Duty Rate The Central Bank of China's rate on London at 10 a.m. today was, 1/2-1/24.

The Equalisation rate was 24 !per cent.

BOMBAY GOLD

Bombay, Mar. 5 (Reuter). Bar Gold, Ready per tola: R6.43 Ans,T" Ples.

SILVER MARKET

LONDON SILVER

London, Mar. 5 (Reuter).

Silver-Market very quiet and featureless business. In market was featureless and with no business.

with practically no

80 off.

is conducted by the HONGKONG SHANGHAI BANKING COR- FORATION. Rules may be obtain-Authorised Capital......$10,000,000.00

For the HONGKONG & SHangнReserve and Undivided

BANKING CORPORATION.

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central "

Board of Director,

HON. SIH SHOUBON CHоw, Chairman

Li Lay Bang, Esq. Wang Cha Son, Eng. Fung Ping Wah Esq.

Li Koon Chan, Eag. P. K. Kwok, Esq. Wong Yun Tong, Esq. Chan Ching Suck, Es

AN TONG PO, Esq., Chief Manager

ME. LI Tes FONG, Manager

An American Bank offering com-HoN.

piete Foreign Banking Service

SAFE DEPOSIT BOXES

This Bank is entirely owned by Tae CHAER NATIONAL BANK, NEW YORK, with Resources of over U.5.23,800,000,000.

D. L. BALLANTYNE,

AA

Akb

Branches and Agencies:

Непаля

Singapore Hangoon Bourabay's

Baigon Siratow

Melbourne San Fran. Brenny

cisco Emtri

Shanghai

Vandonver

Every description of Banking and Rxchange business transacted. Louns granted on approved securities.

Current Accounts opened is Local Manager.Currency and Fixed Deposits re

ceived for one year or shorter periods in Local and Foreign Chr rencies on terms which will be quoted on application.

WANT ADS

INDO-CHINA

SAFE LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

BANK

the afternoon, theEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL $40,000,000.

Bombay, Mar. 5 (Reuter),

| Market-Quietly steady: Offtake,

75 bars.

Indian Mint Silver

ti

Today

(US$), 88.00 (dollar)

74.00 (FRB3)

Ready

63-02

Calcutta Exchange

Calcutta, Mar. 5 (Reuter). T.T on Japan, 81-1/4

Mar. 24 Bettlement Apr. 22 Settlement

62-15

82-25

Operating Services for Cargo and Fasziengers

... Closing 0/3-3/8

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

India Rupee Paper.

LONDON METALS

EXCHANGE

London, Mar. 5 (Reuter). Tiu. Standard, Cash, Middle Price, £286-5/8.

Bombay, Mar 3 (Reuter). Govt. 34% Bupee, 94-12-0.

LONDON BUBBER" Smoked Sheet, Standard Ribbed

Tin, Standard 3 months, Middle Spot:-13-9/18 buyers. 13-11/16 Price, 2266-3/8.

Market:-Firm.

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in, -the French Concassion, at

Shanghai, where passengera and cargo are lauded.

For further particulars

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONE KOZILU GENERAL MANAGERS *

(Unofficial)

Market: Steady.

Sterling

Bellers

Spot

Opening 0/3-3/8

Mar: Apr.

0/3-23/84 0/3-23/64

ellers.

(BBANCHES "ALL OVER CHINA) Owing to our numerous Brandnes in China and connections in the principal Commercial Centres of the World, we are able to extend i so our Clients special facilities for Domestic and Foreign Banking and' Exchange.

Head Office: SHANGHAI

Hong Kong Branch:

4. QUEEN'S BROAD, 'C.

› South China Offices: 5

CANTON

BWATOW

BELUCHOW

KONGMOON TOIBHAN

KINGCHOW

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

SHOU 1. CHEN.

Manager

Studebaker Com

G1

The Business of the above Bank

BANK OF EAST ASIA. LIMITED

{་

143

Swift International

18

92

Technicolor

313*

Texas Corpn.

351

30%

ad on application.

Texes Gulf Sulphur

3)

Timken-Axle .......

524*

Paid-Up Capital ..........

5,308,600.00

Profits..

2,083,261.50

60+

Trans-America Co

20th Cent. Fox.

29

131

Union Bag & Paper Corp.

103

V. M. GRAYBURN,

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

Union Carbide & Carbon

647.

491*

Union Pacific

771

THE CHASE BANK

321

United Aircraft

38+

42

United Airlines Trans

127

United Corpn.

12

11*

128..

United Corpn. $3 cum pr. 254

United Gas Corpn.

011/18"

124

593*

United Gas Improvement 81

18, PINE STRIET.

NEW YORK.

U.S.. Industrual Alcohol.

174

U.S. Rubber

"201

14*

233

US. Rubber så pfd.

24/

US. Smelting

571

in the principal Markets of the world.

Amoy

Kowloon

Batavia

London

C.S. Steel

Interest Rates on Application,

Bombay

Man.la

111

Vanadium

691

454

Vultee Aircraft

Chicati Helphona Kažkov

Quolelt

Nagasaka

New York Paris

Seattle

Bemarang

24%

Walworth Co.

40*

Ko

Pelping

134

Warner Bros. Pict..

21*

Westinghouse Elec.

93

Woodward Iron Cor.

"57

311

Chase National Bank

Glass

35 231

National City Bank

Libby. Manel & Libby

.51

DOW JONES AVERAGE

Mar. 4, 121.16

ہو

27.37 19.16

90.20 67.99

Mar. 6, 1941. High Low Close 121.15 119.98 120.30- 97.63 27.32. 27.51 19.26 10.13 10.21 80.24 58.17

Change

.14 up

..03 up

.

.04 up

.18 up

Business Done:-290,000 shares

TO-

SWATOW, SHANGHAI, TSINOTAU, CHEFOO

"

and TIENTSIN

KOBE and OSAKA -