1941-03-15 — Page 10

(REUTER'S SERVİCE)

863

624 621. 624

Frey. Today's High - Low Close Close Change 10.73 10.87 10.67 10.89 .02 up 21.97 21.75 22,35 .50 up

851 851 859 621

ca unch...

STOCKS..

13.71 13.68

.13 off

Close

Opening

Closing

Change

Adams Express

433

52 3/4

May

July

October

....................... 102 1/2

December

Transfer.

January

-82 1/2 Spot

Alleghany Steel Co.

On Batavia:-

On Paris:

On Baigon:-

On demand

..... 45 1/4

May

September (

December (

Ou Singapore:-

On demand

On Japan:-"

On demand

On India:-

Telegraphic

and demand

On New York:

Bank Bills, on demand 24 1/8 Crediis, 60 daya' sight 24. 7/8.

On demand

Bank Bills, on demand Nom.

Credits 4 months' sight Non.

Total sales Wednesday:-125.100 bales.

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

10.72/72

10.72/72

10.73/73

.01 up

Allis Chalmera..

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MARCH 147 1941

On London:-

1.

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

On Shanghai ---

On demand

NEW YORK COMMODITY MARKET

ENW YORK, Mar. 13, 1941.

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

ויזיויי לוק

22.40

...... 13.80 19,51

NEW YORK STOCK EXCHANGE

il

QUOTATION

(REUTER'S SERVICE),

MARCH 14. 1941

SATURDAY, MARCH 15, 1941.

BANKS.

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION.

850,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Uharter, 1868

9

Authorised Capital..

Reserve Funda:

Sterling

Last Sale,

STOCKS

Last Sale

Proprietors

.$20,000,000

Mar. 13

Mar. 13

£6,500,000 Paid-Up Capital

...........₤£3,000,000 A.K. Currency Reserve $10,000,000 Reserve Fund

£3,000,000 Reserve Liability of

Reserve Liability of Pro-

prietors

.£3,000,000 HEAD OFFICE: LONDON:

52

Loew's Inc.

213

32

Loft Incorperated

18

29

10.67/88 10.67/68

10.89/70

.02 up

10.65/65 10.68/86 10.52/52

10.52/52 10.47/47 10.48/48 10.45/45

10.47/47 11.00

Aluminium Ltd.

Mack Truck Inc.

271

74*

10,63/68

.63 up

Martin, Glen L

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

Amer. Can

271

871

10.55/55

.03 up

American Cyanamid B.

McKesson & Robbins, pld.

2511

321

10.51/51

.04 up

Montgomery Ward

ner & Foreign Power

13/16

37

10.51 N

.06 up

Amer

& Foreign $7 DI.

M'tain City Copper Co.

3

Chairman. W. H. Lock, Esq.,

Deputy Chairman.

18

11.02

.02 up

Amer, Locomotive

National Aviation

J. K. Bonafold, Esq.,

91

134

Nat. Dairy Products

134

A. H. Compton, Esq.,

quer. Metals Co.

18

National Distillers

L. J. Davies, Esq.,

Amer. "Radiator

21+

BE

National Lead

Hon. Mr. S. H. Dodwell,

153

Amer. Rolling Mil

14t

Amer. Sting and Ring Co.

Nat, Fower & Light

391

G..Miskin, Esq...

K. 8. Morrison, Esq.,

21.75b/90a 21.75b/872 22.25/23

.05

קט

Amer, Sugar Refining

174

National Supply Corp.

Hon. Mr. T. E. Pearce,

July (New contract)

21.20b/25a 21.20b/29a 21.90/90

.70

up

New York Central

Head Once: HONG KONG

38, Bishopsgate E.0.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.a West End Branch: 14/16, Cockspur Street; S.WI Manchester Branch: 3, Mosley Street, Manchester,

AGENCIES AND BRANCHES

ALOR STAR AMBITRAR BANGXOX BATAVIA

BOMBAY

HONG KONG, FÉNANU ILOILO

RANGOO

** IPON

SAIGON

BEREMBAN

KABACHI

Amer. Tel & Tel

164

20.70/70- 20.50 N 20.50/70a

20.71b/79

21.10/10

.40 up

Niagara Hudson Power

Amer. Tobacco “B”

68

2R

20.85 N

.35 LD

N. American Aviation

Sir Vandeleur M. Grayburn,

Amer, Waterworks

141

51

North American Co.

Total sales for the day:-690 tons.

Anaconda Copper

244

151

Hon. Mr. A. L Shield,,

AGENDIES:

KOSE

Chief Manager. FAILIA PLACK

CLIYA SIKET KUALA

SHANGHA

KLANG

CALCETTA

BINGAPOR

SITIAWAN

SOURABAYA

Northern Pacifc

6

104 1/2

49 1/4

• Correction

CHICAGO WHEAT

May

Atchison, T. & S. Fe.

231

149 1/2 July

September

"Now.

23 7/16

CHICAGO.CORN

May July

September

NEW YORK HIDES

Featureless.

1925/47

On Manila:-

On demand

On Bangkok:--

On demand

On Sterling Notes:-

Back Buying Rate

Bar Sliver per oz

Market Report

FROM ROZA BROS.

Friday, Mar. 14, The price for Ready Silver was June unchanged

at 23.7/16 but the September

Forward rate rose 1/16 to 23.7/16. Silver advices reported the market as being steady but quiet. Ame- rican, Silver "was quoted at 34.3/4 "for. Spot.

Total sales for the day:-88 contracts. NEW YORK COCOA

May

NEW YORK SUGAR NO. 3 The London/New York cross-May rate was quoted at 4021/2. New July York/London was quoted at 403.- Volume of business done:-466 lots

· 1/2.

· MARKET »

STERLING

There were sellers at 1/3 up to June, buyers at 1/3.1/32 for any delivery

U S. DOLLARS Some business was done during "the course of the morning at 24.- 9/16 for Cash, Later 24.1/2 was also reported for Cash. The with market closed at 1 p.m. sellers at 24.1/2 for near and for- ward buyers at 24:9/16 for Cash.

· SHANGHAI DOLLARS Opened with sellers at 446 with business done during the course of the morning at 448.1/2 and 446.1/2 and 446.3/4. The market closed at 1 p.m. with sellers at 447. buyers at 447.1/4

721b73a73b/752 ,77b/77fa 78/78 Volume of business done:-199 lots. NEW YORK COPPER FUTURES July

11,60/60 N.Y, Official Silver 34-3/4 NY-London Cross Rate 4.03-1/2

LONDON STOCK EXCHANGE

(REUTER'S SERVICE) London, March 13. Tientsin-Pukow Rly. 5% The following quotations are the (Ger. Stpd. Supi, Lean, middle prices at the close of the Jap. 8% Ster. Loan, 1924 market in London. All quotations 3er, 7% Intl. Loan, 1924 are subject to confirmation and no Chartered Bank responsibility is assumed for errors HK. & Shai Bank (Ldn in transmission.

Reg.)

SHANGHAI MARKET Opened with sellers of Sterling at 3.23/04. The last rate received reported a shade lower at 3.11/32 Janton-Kloon Rly.".5% for Spot, U. s. Dollars opened Chinese 41% Gold Lan with sellers at 5.15/32 and at the 1898 (Brit. Issue) close the selling rate was un-Chinese 5% Gold Bonds. changed.

Owens-Illinois Glass Co.

434

Aviation Corp.

32

Paciile Gas & Mec

Amoy

Branches: Wohnri

27.

daldwin Lecometive

151

Bangkot

Kobe

08/851 821/823 813/813

853/858

823/822

852/838 821/82 821/821

Packard Motors

off

23

Baltimore & Ohio

3A

Batavia

Kowlo

Rangoon Saigon San

CANTON OAWNPORI CEBU COLOMBO DELHI

LUMPUR KUCHING*

TAIPING

MADRAS

TIENTSIN TONGXAR

MANILA

MIDAN

(Bhukes)

ISINGTAL

N

Barber Asphalt Co.

87.

Pan-American Airways

12

Horibay

Kuala

off

Paramount Pictures

Barnsdall of

101

Calcutta

84

Lumpur Shanghai

Pennsylvania R.R

231

Canton

· London

Wednesday's sales:

14,507,000 bushels

Singapore

Bendix Aviation

34%

Phillips Petroleum"

371

Chefoo

Lyons

Sourabaya

Bethlehem Steel

781

Public Service of NJ

Bliss & Co.

251

Coloni

Malacca

Sungei

164

621/621 627/623°

£21,621.

unch.

Pullman Inc.......

Dairen

24

Patani

Jeing Airplane Co.

153

Foochow

6217620

628/821

633/62)

3 up

Pure Oll

71

Swatow

Borg-Warner

18

621/621

621/621

up

Briggs, Mig.

Radio Corpo, of. Am.

$

23

Bankow

Mukden Tokyo

Budd Mfacturing Corp.

Reading Company,

Com

141*

4

Harbin

Remington Arms Co., Inc.

42*

Iloilo

13.71/72

13.72b/73a

13.76/76

13.58/58

.13 ott

Canadian Pacific R'way

3+

Peiping

Republle Aviation Corp.

4

Ipoh

13.74/75

13.64/64

08 of

Case, J.I..

49

Celanese

2371

Republic Steel

187

Chesapeake & Ohio

39)

Revere Corp.

81*

Chrysler Corpn.

661

Reynold Tobac. “B”

314

7.10/10

Safeway Stores

39

7.09/10

. 6.89 N

21 off

Columbia Gas & Elec.

.4

Commercial Credit Co.

294

Schenley Distillers

9+

Com, & Southern (Ord.)

11/16

Sears Roebuck

124

2.31b/32a. 2.35b/364

2.33b/34a 2.37b/38a

.02 up

Shell Union Ofl

121

quoted on application.

Consolidated Edison

21}

SAFE DEPOSIT

BOXES

02 LP

Consolidated O

Socony-Vacunum Ou

B

51.

Southern Pacific

81

various sizes to let.

Continental Can

361

TRUSTEE

and

NEW YORK SUGAR NO. 4

May July

Continental Oil

18

Southern Rly $5 pfd.

21%

business undertaken.

.76b/.77a .804b/.810

.03 "up

Copperweld Steel

16

Spicer Manufacturing Co

331*

Standard Brands

03! up

Curtiss Wright. (C.)

&7

Curtiss Wright “A”

26++

Stand Gas Elec.

1

Decre & Co.,

21

Standard Oll of Californie

183

11

Distillers Corpn. Sengrams

161*

Standard Oil of NJ.

381

D

11.55b70a

اویر

11.62/62 34-3/4 4.03-1/2

.62 up

Douglas Aircraft

741*

Stone & Webster

7

BANK

w

Du Pont de Nemours

144

Studebaker Com,

61

Swift International

18

Eagle Picher Lead

Technicolor -

91

Eaton, Mfg. Co.

323

Elec. Autolite

.30%

Texas Corpn.

35+

Elec Bond & Share

3+

Texes: Gulf Sulphur

358

Elec. Band & Share $5 pt.

543Timken-Axle

311

Elec Bond & Share $8 pí.

613

Trans-Americs Co.

44

Cleo. Power & Light $7 pí. Flintkote

32

20th Cent Fox

6

13*

Union Bag & Paper Corp

11

V. M. GRAYBURN,

Chief Manager, Hong Kong, 25th Feb., 1830..

12:

Gen. American Trans

503

Union Carbide & Carbon

66

211-25

Gen. Electric

327*

Union PactAc

775

5

Gen. Motors

43)

United Aircraft

383

.83

Gen. Railway Signal

14

United Airlines Trans

131

Gen. Tire & Rübber

114

United Corpn,

раз

76

£

HK. & Shai Bang (Col.

Glidden Co.

121

United Corp. $3. cum pf: 251

War Loan, 3% (Red

after 1952) Defence Loan, 3%

Feg)

Gondrich (B.F.)

131

United Gas Corpn.

78

104)

Chinese Eng. ^ &-Mining

Goodrich -$5.pf.

621

United Gas Improvement 81

101

(bearer

Goodyear Tire & Co, ........

174

U.S.. Industrual Alcohol.

24*

17/

Great Northern Iron Ore ...

141

U.B. Rubber."

212

11

Chosen Corporation

4/-

ri

Mercantile Bank of In-

Great Northern Rly, pid. Great Western Sugar

2431

US. Rubber 38 pid.

00...

251

US. Smelting

553

42

dia. £5, "G"

113

Pekin Syndicate

Greyhound Corpn.'

11.

US. Steel·

STA

1/6

40-44

'hal Mec. Constr. Co.

12/6

AFTERNOON MARKET The market was dull in the

afternoon,

STERLING

Nothing doing.

The

Chin... 41% Anglo-French

Loan, 1988 Chinese 5% Crisp Loan

1912........ market | Chinese 5% Reorg. Loan

Hercules Powder Co Homeȧtake Mining

72&t

Vanadium

27#

47

Vultee Aircraft

61

Bhai Waterworks "A"

111+

Int Nickel ......

201

Walworth Co.

5.

Li

45

Julon Insurance Gula Kalumpong Rubber 15/9

24.

24

Lon, Mid, & Scot., Rly." 117

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

131

Warner Bros. Pict.

3.

21*

Westinghouse Elec.

951

....

583

Woodward Iron Cor.

2811

Great Western Rly.

314

31

National Bank of India

313

B-A. Tob (bearer)

86/3

Kennecott Copper Libbey-Owens-Ford

delivery.

♫

U, S. DOLLARS

1925 (Vickers) Chin Imperial RI 5%

Loan

8-10

Lockheed Aircraft

Dunlap Rubber

3173

Bristol Aeroplane

10/11

47

Imperial Chemical Ind

28/10

14

United steet

20/71

Woolworths

48/6

(L.P. N/Y Issuet

14

Marsman Investments

8/0

1940/41

and probably 24.0/18 May.

SHANGHAI DOLLARS

ל .

Hukuang Rly. 5%. 1911'

Western Holdings

9/71

High

(German Issue

12

7

Sub-Nigel.

142/6

152.80 111.84 30 32.07 22.16 20.

Hai

Shell Tran.

Trad.

Rly. 5% 1913 8'hai-N'King Rly 5% Tientsin-Pukow. Bly, 5%

(Brit. Stpd.)

12

I bearer)

42/6

26.46 18.03 20 92.19 83.06 40

14

*-bid

64.07 48.74 11

12

Tientsin-Pukow Rly. 5%

12

closed with sellers at 1/3 up to 1913 (Ldn. Is.) June, buyers at 1/3.1/32 for any Chinese 8% Ster, Notes,

Some business was done at 24-

9/16 for Cash. The market closed Honan Ely. 5% with sellers at 241/2 for near and Hukuang Rig 5%, 1911.. forward, buyers at 24.5/8 for Cash

Sellers at 446.1/2, buyers at Lung Tsing & U 448.3/4.

SHANGHAI MARKET Sellers of Sterling at 3.23/64 for Sput and U. 6. Dollars at 5.15/32 for spot.

Shanghai Exchange

Shanghai, Mar. 14 (Reuter)."

Official T.T. Bates

London

New York

Japan

India Paris Hongkong

Spot

Sterling

Opening

0/3-5/8

5-3/8

23-3/4 -18-3/8 Cominal 22

Sellers

Opening Closing-

0/3-23/64 0/3-11/32

Mar. 0/3-23/84 0/3-11/32

· Apr..... 0/3-11/32 0/3-21/64

Spot

Mor.

Apr.

U.8. Dollars

$5-15/32

:

5-15/32

5-15/32 5-15732 5-7/16

6-15/32"

Market: Quiet,

Suver Duty Rate

The Central Bank of China's

rate on London at 10 am today!

was 1/2-1/24.

The Equalisation rate was 241

per cent

" - མ

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

Brit. Stpd. Supl Loan) 12

LONDON METALS”

EXCHANGE

London, Mar. 13 (Reuter). Tin Standard, Cash, Middle Price £269-1/2

Tin, Standard, 3 months, Middle Price, £287-1/8,

Market steady but idle" in spite

of fair over-night United States business.

SILVER MARKET

LONDON SILVER

London, Mar. 13 (Reuter). Silver-Market quiet. but steady, with no business. In the after- noon the market W28 quietly steady.

Spot, 23-7/16d.

"Forward, 23-7/168..

Calcuna Exchange

Calcutta, Mar, 13 (Reuter). T.Ton Japan, B1-1/4.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE PENANG and CALCUTTA

SANDAKAN

HAIPHONG.

All steamers berth alongside the Boosevelt Terminal in the French Concession at Shanghai, where passengera and cargo are landed.

For further particulars

please apply to-

JARDINE MATHESON&Co.,LTD. BETELEPHONE SOXII • GENERAL MANAGERS &

BANKERS:

The Bank of England and Midiand

Bank. Ltd. BRANCHES:

Drthi Galle

Hongkong.

Howrah

Exfica Kuantan Kandy

Kota Bharu

Konis Lipl

Kaala TrenggaUI Mar

New York

Fot

Kangoon

Shangha

Kuala Lumpur diaspore HONG KONG BRANCH: Every description at Banking, and Kachange business transnoted.

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

CURRENT LOCGUNTA opened in Local Car réney and FIXED Dedarfs rodaived in Local Currency & STERLING on terms that may be sacertained on apa leation,

D. BENSON,

What do

Manager

you want?

If there is anything you want to buy or sell, try 8. small Classified advertise ment in

kong

18 Dally

the Hong- Presa.

25 words $1.50. prepaid

for 3 Insertions.

BANK OF CHINA

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

BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the prificipal 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

SWATOW

SHIUCHOW

KONGMOON

·TOISHAN.

KINGCHOW

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

SHOUJ CHEN,

331

Chase National Bank

311*

Glass

35

National City Bank

28*

231

Libby. Monel

& Libby

*

DOW JONES. AVERAGE

Mar. 14, 1941.

Low Dow Jones Averages..

Industrials Rails Utilities Bonds

27.96

"Mar. 12, High Low Close 123.16 123.27 122.35 122.58 28.07 27.90 27.99

Change

Manila

Muar

Francisco EAIPHONG.

Haiphong (Johora) Tientsin

New York. Tsingtao

Penang

- Yokohama

HANTOW

(Peking)

FORE.ON EXCHANGE, and Generat Banking Business transacted.

CURRENT ACCOUNT opened and FIXED DEPOSITS received for Ope Year or shorter periods in Local or Other Currencies at raten which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened interest allowed at rates obtainabl 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 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

The Business of the above Bank

is conducted by the HONGKONG SHANGHAI "BANKING COR-

BANK OF EAST ASIA. LIMITED

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

on application.

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STRENT.

NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application,

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE 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 Omeo:-15, Gracechurch Strast, London, EC3

Paid-Up Capital 5,593,600.00 Reserve and Undivided

Profits

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

Board of Director. HON. SIE SHOUSON CHOW, Chairman Li Koon hun. Esq. Li Lan Sang, Esq. P.-K. Kwok, Esq. Wong Cha Son, Esq.

Wong Yun Tong, Esq. Fung Ping Wall Esq. Chan Ching Black, Esq.

KAN TONG Po, Esq., Chief Manager HON. Ma. Li TSE FOND, Manager

Branches and® Agencies:

Amoy

Kowloon

Bingapozu

Salzon Satow

Melbourne Bax Fran- Sydney

Suranks

ciaoo Tienbein

Vancouver

New York Seattle Paris

Bemarang

Poiping Shang

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

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

year or shorter periode in Local and Foreign Cur rencies OF terms which will be quoted on application.

SAFE DEPOSIT Boxes To LET.

KAN TONG PO,

Chief Manager.

BAMBURG

NEW YORK

PEIFING

YOKOHAMA

#

2,983,261,50

A

Dalmatia

Batavia Bambay

Halping

Hankow

Houldin Kavr

Loudon

Penang

Kangoda

Sourabay

فالعدل

114

:83 of

Authorized, Capital

Subscribed Capital

.04 off

Paid-up Capital

19.50

19.65 19.41 19.48

90.77

Commodity Index 60.53

90.70 60.64

.la off .07 o# .01 up

Reserve Fund and -Best,"

23,000,000

£1.800,000

£1,000,000

€1,254,03?

Business Done:-340,000 shares:

•

Bangkok Inpoi

Borrbay

Calcutta

Colorabe