1941-03-11 — Page 10

NEW YORK, March 8, 1941......

High Low 10.55 10.49 21.20 85

Prev... Today's

Change Close Close 10.49 10.50 .01 up 21.05 21.30 21,15b 15 of

841 831 851

17 up

}}

62

611 613 617

up

13.78

13.75 13.72 13.77

.02 Off

Adams Express

Close

Opening

Closing

Change

Alleghany Steel Co.

PAGE 10-HONGKONG_DAILY" PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS MARCH 10, 1941

On London:

Telegraphic

Transfer."/>

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

On Shanghai:-

NEW YORK 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

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE)

MARCH 9, 1941,

TUESDAY, MARCH 11,

1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Ospital... $50,000,000 |",

INDIA, AUSTRALIA AND CHINA

Last Sale

STOCKS.

Last Sale

$90,000,000

£6,500,000 aid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund

Reserve Liability of Pro- Reserve Liability of

prietors Proprietors

Issued,& Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1850

Reserve Funds: Sterling

‚£3,000,000 £3,000,00%

£3,000,000

Mar. 8

Mar. B..

Loew's Inc.

314

211

On demand

On demand

435

March ..

On Singapore:-

32 3/4

May

July

On Japan:-

October

On demand

... 162 1/2

December

Transfer.

Loft Incorperated

18

"

10.50/50

10.50/51

10.53/53

.03 up

Allis Chalmers

291

Mack Truck Inc.

27;

10.49/49

10.50/52

10.50/51

.01 up

Aluminium Ltd. .....

73"

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

Martin, Glen L

10.41/42

10.42/42

10.45/46

,04 up

Amer. Can

241*

10.21/21

10.28/28

10.31/31

.10. up

McKesson & Robbins, pf4. 25)

American Cyanamid B.

331

W. H. Lock, Esq.,

On India:-

Telegrapric

and demand

On New York:-

January

terse 1/2 Spot...

Bank Bills, on demand 34 1/8

Crediis, 60 days' sight 24 7/8

On Batavia:-.

Total Sales Friday:-203.400 bales...

The last notice day for March Cotton is 14/8/41. NEW YORK RUBBER

10.18/19

10,27/26

10.27/27

.C9

קטן

10.16 N

10.25/25

10.25 N

.00 up

10.87

10.83

קנר 01.

Amer. & Foreign Power... Amer Amer. Locomotive

03/16

Montgomery Ward

Mtain City Copper Co.

Chairman.

Deputy Chairman,

& Foreign $7 pf.

171

J. K. Bousfield, Esq.,

National Aviation

83*

13

A. H. Compton, Esq.,

Nat. Dairy Products

131

Amer. Metals Co.

171

L. J. Davies, Esq.

A

Amer. Radiator

.81

Amer. Rolling. Mill

14)

National Distillers

National Lead .....

Nat, Power & Light

21

16*

Hon. Mr. S. H. Dodwell, G.. Miskin, Esq.,

Head Office:-HONG KONG"

HEAD OFFICE: LONDON: 38. Bishopsgate E.0.8. Sub-Agencies In Lendon: 117/122, Leadenhall Street, E.C.

West End Branch:' 14/18, Cockspur Street, 8.W1 "

Manchester Branch: 52, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES-

ALOR STAH AMRITSAR

HONG KONG PENANG ILOILO

RANGOON

7

가

Amer. Sting and Ring Co.

40)

"

National Supply Corp.

51*"

On demand

48 1/4

Da Paris:

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

MAY July New contract)... September {

21.30/30

21,20/20

21.15b/18à

15 off

Amer Sugar Refining

131

New York Central

121

K. S. Marrison, Esq., Hon Mr. T. E. Pearce,

Hon. Mr. A. L. Shields,

BOMBAY

BANGKOK

BATAVIA

IPOE TABACH!

BAIGON

SEREMBAN

SHANGHAI

KLANG

20.70/717

20.60/61

20.60/62

.10 off

CALOUTTA

SINGAPORE

Amer. Tel & Tel

1614

20.30/30

20.16b/25a

20.15b/18a

.15 off

Niagara Hudson Power

23

Amer. Tobacco "B"

681

Sir Vandeleur M. Grayburn,

AGENCIES:

N. American Aviation

141

December

20.00/00 20.10 N

19.95 N

.15 off

Amer, Waterworks

57

Obiaf Hanager. FAILI PLACK

БОВТ CLIFE STREET KUALA

SITIAWAN

SOUBABAYA

North American 'Co...

15%

LUMPUR

TAIPING

On Salgon:-

On demand

........ 104 1/2

Total sales for the days:-240 tons. CHICAGO WHEAT

Anaconda Copper

241

Northern Pacific

51

Branches:

Atchison, & & Fe.

231

Owens-Illinois Glass Co. "

Aviation Corp.

34

Amoy

Johore Bangoon

On Manila:-

On demand

*..... 48 1/4

May July

837/831

83/832

851/851

12 up

Pacific Gas & Elec

260

Baldwin Lecometive

143

Bangkok

Kobe

Saixon

797/80

80/80

On Bangkok:-

On demand

....... 119 1/2 September

793/80-

8217821 821/822

2] up

Baltimore & Ohio

48

Packard Motors

23

Batavia

Kowinan San

28 up

Pan-American" Airways

123

Bombay

Kuala

Francisco

Barber Asphalt Co.

91*

Paramount Pictures

111

Calcutta

Lumpur Shanghai

On Sterling Notes:-

Friday's sales:-14,950,000 bushels.

Barnsdall 00

8

Pennsylvania R.R

23}

Садтод

London

Bank Buying Rate

·For Hiver per oz.

Nom. 93 3/8

CHICAGO CORN

Bendix Aviation

36

Bethlehem Steel

781

Phillips Petroleum

36

Chefoo

Lyons

May

611/612

613/611

611/62

up

July

Silver prices were

tions

May

Market Report

FROM ROZA BROS.

Monday, Mar. 10.

unchanged September

over the week-end, the quota-

Total sales for the day: 41 contracts

remaining at 23.3 10 NEW YORK COCOA Ready and 23.8/18 for Forward

Americar. Blyer was unquoted.

The London-New York cross-NEW YORK SUGAR NO. 3 rate was quoted at 402.1/2. New May York-London was quoted at 403-July 1/2.

611/611

81/614

62/62

September

61/61

611/813

9.99

Public Service of N.J.

261*

Colombo

Malacca

Bliss & Co.

161

Pullman In...

24

Dairen

Manila

Boeing Airplane Ca

16

Foochow

up

Pure Of

74

Borg-Warner

181

Radio Corpn. of Am......

41

NEW YORK HIDES

June

Briggs Mig.

22

Backor

Reading Company,

Com

14

Barbin

***** 13.77/79

13.78/79

13.78b/891 13.70b/84a

13.75/75 13.77/77

.0% off

Budd facturing Corp.

4

.01 off

Canadian Pacific Ṛ'way

31*

Remington Artas Co., Inc.

44

Iloilo

6.77 N

S.

6.80/80

6.73 N

.04 off

Case, JI

Celanese......

Chesapeake & Ohio

Chrysler Corpp.

471

Republic Aviation Corp....

4

Ipoh

"

Penang

วร

231

Republic Steal

19

Revere Corp.

83

391

66!

Reynold Tobac. "B"

32

Bafeway Stores

38+*

Columbia Gas & Elec.

4

*2,29b/30a 2.33b/342

2.30b/31a 2.346/354

:01 up

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

31

Schenley Distillers

91

.011/16 Sears Roebuck

73

Shell Union Oil

114

quoted on application.

Consolidated Edison

213

MARKET

Quiet.

STERLING

Volume of business done:-310 lots NEW YORK SUGAR NO. 4

May July

Consolidated Of

51

Bocony-Vacunun Of

81

various sizes to let.

Continental Can

351

Southern Pacific

9

TRUSTEE and

+

.75b/751a .74b/.788 78b/9a78b/.794 Volume of business done:-144 lots. NEW YORK COPPER FUTURES

July

.74b/.7412 781b/,791

11.89b/983 11.91b/94a unquoted. 4.03-1/2

No business was reported. There were sellers at 1/3 up to June, at 1/3.1/32 for any de- buyers livery.

U. S. DOLLARS

A small business was reported at 24.9/16 for forward delivery. Thel market closed at 1 pm with sell- ers at 24.1/2 for near and forward, buyers at 24.9/16 "for probably May.

Cash and

SHANGHAI DOLLARS Business..was arranged at 442.

441.1/2) -442.1/2 and then later at

and towards the close 443

with market closed done. The sellers at 443, buyers at 443.1/4 for Cash

rose

SHANGHAI MARKET Sterling opened with sellers at 3.3/8 and then

to 3.25/64 At the close the market receded US. again to 3.3/8 for Spot.

seillers at Dollars, opened with 5.1/2 and then steadied to 5.17/32.. At the close the selling rate was again lower at 5.1/2 for. Syot.

AFTERNOON MARKET

Stagnant.

STERLING

No business was done. The mar- ket closed with sellers at 1/3 üp

to June, buyers at 1/3.1/32

any delivery.

U. S, DOLLARS

Quiet. The market closed sellers at 24.1/2 for near forward, buyers

fur Casp.

11.92/92" 34-3/4

N.Y. Official Silver NY-London Cross Rate 4.83-1/2

LONDON STOCK

EXCHANGE

(REUTER'S "SERVICE}

London, Mar. 1, 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 in transmission.

J

War Loan, 31% (Red

after 1962) Defence Loan, 3% ... Janton-K'loon Rly. 5% Chinese 41% Gold Lean

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

1925/47

INDIA CALLS IN U.S. DOLLARS

GOVT. TO CONTROL

ALUMINIUM"

NEW DELHI, Mar. 10 (Reuter)- The Raj has issued a notification calling on the owners of United States dollar securities

month surrender them within a from March 10 to the Reserve

Bank, which will make payment: when it is satisfied that the se- an ac- curities delivered are in ceptable form,

such received Dividends

on securities after March 10 will be the property of the Raj..

The Raj last July ordered the holders of dollar securities to supply particulars of their hold- ings to the Reserve Bank,

SALE OF ALUMINIUM The Raj has also, assumed con- trol of the sale and use in manu-

of facture of the existing stocks unmanufactured and semi-manu- factured aluminium in order to ensure that they are utilised to the best advantage.

Holders of stocks are required to submit returns by March 31.

It will be recalled that alumi- nium was subjected to import control last January in order

the demand

to

Elec. Autolite

Gen Motors

Kennecatt Copper Libbey-Owens-Ford Lockheed Aircraft

1940/41

DOW JONES AVERAGE -

High Low Dow Jones Averages 152.80 111.84 30 Industriala

Rails Utilitics" Boods

32.67 22.16 20 26.45 18.03 20 52.19 83.06 40

04.07 48.47 71

£

104-1/4

101 11

42

40-44

Chin. 41% Anglo-French

Loan, 1908

45

Chinese 5% Crisp Loan,

1912

24

for

Chinese 5% Rearg, Loan,

1913 Lán. Is.)

31

Chinese 8% Ster. Notes.

1925 (Vickera)

8-10

with

chin. Imperial Rly. 5%

and

Loan

47

at 24.0/16 for

tonan Rly. 5%

14

Cash and probably May.

Hukuang Rly 6%, 1911...

SHANGHAI DOLLARS Closed with sellers

4LP. N/Y Issper

14

at 441.3/4 Hukuang Rly. 5%, 1911

German Issue).

12

SHANGHAI MARKET Sellers of Sterling at 3.3/8 for Spot and U.8.5. at 5.1/2 for Spot.

Lung Tsing & U

Hai

Rly. 5% 1913

12

S'hal-N'King Rly. 5%

14

reduce pressure on

Shanghai Exchange Tientsin-Pukow Ply. 45%

Shanghal, Mar. 10 (Reuter).

Official T.T. Bates

Tentsin-Pukow Rły. 5%

(Brit. Stpd.)

on the world's supplies.

12

(German Stpd.) Tientsin-Pukow "Ely. 5% (Brit. Stpd. Supl, Loan)

12

12

Opening

Tientsin-Pukow Rly. 5%

London

New York

Jupan

India

Parls Hongkong

073-5/8 59378

22-3/4

(Ger. Stpd. Supl. Loan) Jap. 6% Ster. Loan, 1924 231-26 Ger 7% Intl. Loan, 1924.51

12

18-3/8 nominal

Chartered Bank

ន

! Sterling

22

HK. & Shal Bank (Ldn.

Reg.)

*5

HK. Banks.......... China Lights (0) *500 China Rts.

1 $1,345.00

TO

6.20

126

0.70

HK. & Bhai Bank (Col

Cementa

500

18.90

Peg)

77

China Providents 500

5.75

Gellers

Opening Closing

Chinese Eng. & Mining

(bearer)

100

5.75

17/-

Spot

079-3/8

0/3-25/64 Chosen Corporation

H.K. Hotels

*3,000

3,30

4/-

Mar.

0/3-3/8 073-25/04

A.S. Watsons

500

10.70

Mercantile Bank of In-

Apr.

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

dla, £5, "G"

11-1/8

3,227

U.S. Dollars

Pekin Byndicate

1/6

Spot Mar. Apru

$5-1/2

$5-17/32

18'hal Elec, Constr. Co.

.12/6

5-1/2

5-15/32

6-17/32 5-17/32

8'hal Waterworks “A”'

12

Bales on Saturday, March 8. The total value is $25,083.20.

Union Insurance

24

Market: Quiet but steady.

Gula Kainmpong Rubber 15/9

United Steel

20/9

Silver Duty Rate

Lon, Mia & Scot Ely. 117 Great Western Riy

Woolworths

49/72

314

Maraman Investments.

6/8

The Central Bank of China's National Bank of India 324

87/6. rate on London at 10 a.m. today B-A. Tob (beaper)

Shell 31/10 was 1/2-1/20.

10/43

per cent.

The Equalisation rate was 24 Bristol Aeroplane

Imperial Chemical Ind. 29/7

Western Holdings

9/3

Enb-Nigel

145/-

Dunlop Rubber

TTBZ (bearer), --

-bla

Trad.

43/9

Mar. 7.

131.68

27.89

19.41

Mar. 9, 1941. High Low Close 121.07 121.30 121.47 27.88 27.78 27.83 19.48 19.41

Change

.00 of

19.43

02 up"

90.63

20.58

,00 off.

Commodity Tadex

59.11

39.58

.45 up

Business Done:-150,000 shares

01 off unch.

Continental Oi

18

Southern Rly $5 pfd.

217

Copperweld Steel

144

Spicer Manufacturing Co. 33*

business undertaken.

Standard Brands

19

Ourtiss Wright (C)

84

Curtiss-Wright "A"

27

Stand Gas & Elec. g

07*

Deere & Co.

21

Standard Of of California

181

.01 off

Distillers Corpn. Seagrams

162

Standard Of of N.J.

344

*ΚΑΙ

Singapore Sourabaya Sungei

Pataui Hi Swator

Haiphong (Johor) Tiestain

Mukden Tokyo # New York Tsingtao

Yokohama Peiping

HAIPHONG RAMBURG. HANKOW

MANILA

MIDAN

NEW YORK PIPING

Peking

FOREIGN EXCHANGE and General Barking Business transacted.

QURBENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Loon) 01 Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNrs also opened is Local Currency and Sterling with

CURRENT ACCOUNTS opened interest allowed at rates obtainable io Local Currency and FIXED DE-on application.

The Bank's Head Office in London 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

SAFE DEPOSIT BOXES of terms which may be ascertained at

any of the Agencies and Branches.

W. H. EVANS THOMAS,

Manager.

EXECUTOR

Hongkong, 26th February, 1941.

HONGKONG SAVINGS !

BANK

CANTON CAWNZORI CESO COLOMBO DELAI

KUCHIKA

TIENTBIN

MADEAB

TONGKAR

(Bhuken).

TSINGTAL YOKOHAM

Douglas Aircraft .........

73

Stone & Webster .....

01

Du Pont de Nemours

1441

Studebaker Com

$1

The Business of the above Bank

BANK OF EAST ASIA, LIMITED

Eagle Picher Lead

8*

Swift International

178*

is conducted by the HONGKONG

Technicolor

Eaton Mfg. Co.

Texas Corpn.

Mec, Bond & Share

34

Texes Gulf Sulphur

Elec, Bond & Share $5 pf.

52*

Timken-Axle

Bec. Bond & Share $8 pt.

593*

Trans-America Co.

Elec. Power & Light $7 pf. Flintkote

30

20th Cent. For

133

Union Bag & Paper Corp.

Gen. American Trans.

50

Union Carbide & Carbon

Gen. Electrië

33A

Union Pacific

43.

United Aircraft

Gen. Rallway Signal

131

United Airlines Trans

Gen. Tire & Rubber

111* United Corpn

certain

Glidden Co.

121

United Corpn. $3 cum pf.

tu

Goodrich (B.F.)

121

United Gas Corpn...

Goodrich $5. pt.

61

ས་

United Gas Improvement 8)

61

Goodyear Tire & Co.

18

D.S.. Industrual Alcohol."...

Great Northern Iron Ore ..

147

U.S. Rubber

Great Northern Rly, pfd.

25

U.S. Rubber $8 ptd.

Great Western Sugar Greyhound Corpn.

254

U.S. Smelting

113

U.S.. Steel

Hercules Powder Co.

699*

Vanadium

Homestake Mining

45

Vultee Aircraft

Int Nickel

254

Walworth Co.

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

14

21

Warner Bros. Pict. Westinghouse Elec,

56+*

Woodward Iron Cor.

33

Glass 35+

232

Chase National Bank National City Bank Libby. Moneill & Libby

HONGKONG

SHAREBROKERS"

ASSOCIATION

Volume of Business Transacted

on Monday, March 10, 1841. SALES

.12 off

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

&

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 26th Feb., 1939.

"

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

An American

18, PINE STREET.

# NEW YORK: Bank offering com. plete Foreign Banking Service ia. the principal Markets of the .world..

SAFE DEPOSIT BOXES This Bank is entirely owned by THE CRASE NATIONAL BANK, NEW YORK, with Resources of over U.S.33,800,000,000.

D. L. BALLANTYNE,

A Job

Manager.

WANT ADS

"

INDO-CHINA

Paid-Up Capital Reserve and Undivided.

Profits

..2,983,281.50

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

Board of Director. HON. SIR SHOUSON CHOW, Chairman Li Koon Chan, Esq.

P. K. Kwok. Esq. Wong Tim Tong, Esq. Chan Ching Skok, Esq.

Fung Ping Wah Esq.

KAN TONG Po, Esq., Chief Manager HON. MR. LI Tex Foxe, Manager

Branches and Agencies:

.."

Kowloon Pennar Hogspora Loudon Bangoon Sonrabay Manila

Babron Swatow Kelbourne Ban Fran- Bydney

cisco Tiantaia

Vancouver

Bemarang Shanghal |

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

Current Accounts opened in Loosl Currency and Fixed Deposits re- or shorter ceived for one year periods in Local and Foreign Cur ruacies on terms which will be quoted on application.

SAFE DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

BANK

LE

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

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCITTA

"SANDAKAN

HAIPHONG

All stepmera berth alongside. the Roosevelt Terminal in

the French Concession at

Shanghai, where passengers and cargo are landed.

For further particulara

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONE KOJILGENERAL MANAGERS «

(BRANOHER ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Cliente special facilities for Domestic and Foreign Banking and Exchange.

Head Office:-SHANGHAI Hong Kong Branch:

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

CANTON

SWATOW

KONGMOON TOISHAN

SHIUCHOW. KINGOHOW

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

SHOU J. CHEN.

Manager,

7

& SHANGHAI BANKING COR

35

ed on application.

5,588,600.00

353

302

43

6

105

654

78

381

131

14

Li Lan Sang, Esq.

Wong Cha Son, Esq.

28

01.

"

233*

21+

904

*58*

Amoy

571

Interest Rates on "Application,

Batarin Bombay

Calostita

27}

..

61

Baiphong Backow

Now York Bestila

Horolajc

Parip

Ko

Peining

.'

942*

277