1941-03-17 — Page 10

NEW YORK, Mar. 15, 1941.

Prev. Today's High Low

Close Close 10.90 10:81 10,83 10.81 22.48 22.48 22.41 22.48 878 861 861 87 $3 623 623 83 13.99 13.70 13.66b -13,97

Change .02 off

t up 1 up .31 up

STOCKS

Adam, Express

Close

Opening.

Closing

Change

On Singapore:-

On demand

On Japan

435

V

May

52 3/4

July

October...

Alleghany, Steel 00."

10.83/85

10.88/88

10.81/83-

.02 'off

Allis Chalmers

10.84/84

10.87/87

10.82/83

.02 of

Aluminium Ltd,

10,74/76

10.30/79

10.77/77

03 "up

Amer. Canı

On demand

On India:-

Telegraphic

Transfer.

Spot

and demand

82 1/2

103 1/2 December.

January

Total sales Friday:203.900 bales.

10.72/72

10.75/75..

10.75/75

03 up

American Cyanamid B.

10.71 N

10.73/73

10.74/74

"1,03 up

10.10

11.14

.04 up

Amer. & Foreign Power... Amer & Foreign $7 pt.

Amer. Locomotive .....

On New York:---

Amer. Metals Co,

On Batavia--

+

On demand

45 1/4.

On Paris:-

Bank Bills, on demand Nom. Credits 4 months sight Nom.

On Balgon:-

Bank Bilis, on demand 24 1/9 Credlis, 60 days sight 24 7/8

July (New contract) September ( December

Total sales for the day:-40 tons.

CHICAGO WHEAT

NEW YORK RUBBER. May

Amer. Radiator

2241/41

22.35b/50a

22.48/48

.07 up

Amer. Rolling Mill

21.90/93

21,80b/92a

21.95/95

.05 up

Amer. Sting and R'ing Co.

}

21,40/40

21.44/45 21.15 N 21,006/200

21,45 N

.05 up

Amer. Sugar Refining

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MARCH 15, 1941.

On London:-

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

On Shanghai:-"

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

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

MARCH 16, 1941,

MONDAY, MARCH 17, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION “

Authorised Capital....... 850,000,000

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1850

Reserve Funds:

Hon. Mr. S. H. Dodwell, -

G. Miskia, Esq.,

K. 8. Morrison, Esq., Hon. Mr. T. E. Pearce,

£3,000,000 HEAD OFFICE: LONDON:

38, Bishopagate E.0.2.

Sub-Agenoles In London: 117/122, Leadenhall Street, E.Ca West End Branch:

14/18, Cookspur Street, 8. W

Manchester Branch: 59, Mosley Street, Manchester, 1.

AGENCIES AND BRANCHES

ALOE STAR AMRITOAR BANGKOK BATAVIA

BONG KONG PINANG ILOILO

IPOX

INDIA, AUSTRALIA AND CHINA

Charger,

Sterling

Last Sale

STOCKS

Last Sale

Propriators

$90,000,000

£8,500,000 Paid-Up Capita! ....₤3,000,000 B.E. Currency Reserve $10,000,000 Reserve Fund

$9,000,00 Reserve Liability of

Reserva Lisbility of Pro-

prietors

Mar. 15.

Mar, 15.

51.

Loew's Inc.

Head Office:-EQNG KONG

337.

221

Loft Incorporated

181

29

Mack Truck Inc.

281

741

Martin, Glen L.....

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

231

86+

McKesson & Robbins, pfd. 253*

444

334

W. H. Lock, Esq.,

Montgomery Ward

374

13/16t

M'tain City Copper Co.

3+

Chairman.

Deputy Chairman.

161

National Aviation.

J. E. Bousfeld, Esq.,

...13*

Nat, Dairy Producta

137

A. H. Compton, Esq.,

18

"

L.. J. Davies, Esq.,

National Distillers

211

61

National Lead .......

167

BANGOON-

134

Nat. Power & Light

49

BAIGON

101

National Supply Corp.

51

KARACHI

BEREMBAN

18+

BOMBAY

New York Central

CHANGEA

-127

21.20 N

כנן 05.

Amer. Tel & Tel.

1817

| Niagara Hudson Power ...

21

Amer. Tobacco "B"

681

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

KLANG

CALOUTTA

SINGAPOR

N. American Aviation

15

Amer, Waterworks

54

North American Co.

154

Chief Manager FELIS PLACE

AGENCIES: CLAVE STREET

коет

SETIAWAN

KUALA

BOU KAMATA

LUMPUR

Anaconda Copper

24-1

Northern Paolic

6

Branches:

On demand

104 1/2 May

On Manila:-

July

On demand

48 1/4

September

80/861 887/881 821/821 824/831 82/93

87/871

7 up

Atchison, T. & 8. Fe.

24.

Owens-Illinois Glass Co. ...

44

831/84 841/842

1 up

Aviation Corp.

31

Amoy

Johore

Pacific Gas & Elec

27

1 up

Baldwin Lecometive

157

Bangkok

Kobe

Packard Motorn

21

Batavia

On Bangkok

Baltimore & Ohio

Kowloon

Rangoon Saigou S&D

Friday's sales:-5,583,000 bushels.

149 1/2

+

Now.

43 1/9

May

July

Silver advices reported the market May

May

34.3/4..for Spot,

The London-New

Judy

On demand

On Sterling Notes:- "

Bank Buying Rate

Bar Silver per of

Market Report

FROM, KOZÀ” BROS.

March 15.

The price for Ready Sliver rose

Total sales for the day:-130 contracts..

1/16 to 23.1/2 but the Forward NEW YORK COCOA rate" was unchanged at 23.7/16.

as being steady with no business. NEW YORK SUGAR NO. 3 American Silver was quoted at

York cross- rate was quoted at 402,1/2. New

York-London was quoted at 403-NEW YORK SUGAR NO, 4

CHICAGO CORN

Barber Asphalt Co. Jarrisdall Ol

91,

Pan-American Airways

13

Bombay

Kusla

81*

Paramount Pictures

11

Calcutt

Lumpur Shanghai

Pennsylvania R.R.

September..

821/621 623/621 623/622 022/623 623/623

Bendix Aria Hon

234

Canton

London

351

63/63. 621/631

i up

Bethlehem Steel

Phillips Petroleum

38

Chefoo

Lyona

Singapore Sourabaya

79)

Public Service of NJ,

·251

Colomb

Malacca Sungei

631/831

ap

Bliss & Co........

161

Pullman Inc......

241

Dairen

Manila

soeing Airplane Co.

164

Foochine

NEW YORK HIDES June

Pure Onl

72

Borg-Warner

184

| Radio Corpn. of Am.

4+

Haiphon

September

13,66b/718 13.70/70 13,75/75

13.97/99

.31 Up

Briggs Mig.

Bankow

13.74/741

14.00/00

25. up

Budd M'facturing Corp.

:37

Reading Company,

Com

14**

Harbin

די

Canadian Pacific R'way

Remington Arms Co., Inc.

42*

Iloilo

Case, J.I.

Republic Aviation Corp. ...

4.

Ipob

481*

Celanese

231

Republic Steel

10+

7.07 N

..7.10b/12a.

7.18 N

Chesapeake & Ohlo

30%

Revere Corp.

.11 up

Reynold. Tobas, ““B”-

311

Chrysler Corpn.

877

Safeway Stores

394

Columbia Gas & Elec.

41

2.35b/35a

2.39b/49R

2.35b/36& 2.38b/39a

unch.

Commercial Credit Co.

30

Schenley Distillers

91*

.01 of

Com, & Bouthern (Ord.)

11/16

Bears Roebuck

73

Shell Union Of

112...

quoted of application,

Consolidated Edison

217

Volume of business done:-263 lots

Consolidated 011

54

Socony-Vacuni Of

B1

SAFE DEPOSIT BOXES

Continental Can

37*

Bouthern Pacific

91

various sizes to let.

1/2.

MARKET

Quiet.

STERLING

May July

.796/.79 ja .83b/.83 a Volume of business done:-209 lots NEW YORK COPPER FUTURES July NY Official Skver NY-London Cross Rate 4.03-1/2

.79b/.818 .84/.84

791b/.80% .84b/.844

.00) up .01 up

Continental Oil

181

Bouthern Rly $4 pfd....**

221

1:

TRUSTEE and

EXECUTOR

Copperweld Steel

143*

Spicer Manufacturing Co.

333*

business undertaken.

Muar,

Francisco HAIPHONG

Patani Swatow

(Jobars) Tientsin Mukden Tokyo

New York Tsingtao Peiping

Yokohama

Penang

HANKOW

MEDAN

FIETSIK

TONGKAM

TSINGTA

NEW YORK, YOKOHAMA PUPING

(Peking)

FOREIGN EXCHANG and General Banking Business transacted.

CURRENT ACCovers opened and FIXED DEPOSIT received for Ope Year or shorter periods in Local os 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 raten 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 Trustes Currencies on terms which will be business, and claims recovery of

of

British Income Tax overpaid, on terms which may be ascertained at jany of the Agencies and Branches

W. H. EVANS THOMAS,

Manager.

CANTON CAWNPORN CEBU COLOMBO

TAIPING

KUORING

MADRAS

MANILA

(Bhukot)

DELU!

KAMBURO

Curtiss Wright (C.)

'9?

Standard Brands ....

81

Stand Gas & Mec.

15/16

Curtiss Wright “A”

271

10

Deere & Co.

11.65b/67a 11.62b/70a 11.65b/69a 34-3/4

unch,

Distillers Corpn. Seagrams

unquoted 4.03-1/2

Douglas Aircraft -......

Du Pont de Nemours

Eagle Picher Lead

Eaton Mfg. Co.

Elec. Autolite

Elec. Bond & Share

Elec. Bond & Share $5 pf.

Elce Bond & Share $8 pf.

Canada's

Elec Power & Light #7 pí. - 34 Fintkote

Gen. American Trans.

Gen. Electric

Gen MotorE

Gen. Railway Signal

Gen. Tire & Rubber.

Glidden Co.

Goodrich (B.T.)

2

1041 101-9/16

Janton-K'loon Rly. $%

11

Chinese 41% Gold Lean

1898 (Brit. Issue+ Chinase 5% Gold Bonds.

1925/41

42

40-44

45

"

Goodyear Tire & Co.

Great Northern Iron Ore

Great Northern Rly, pfd,

Great Western Sugar

Greyhound. Corpn.

Hercules Powder Co.

Homestake Mining

Int Nickel

Inter. Paper & Power

བྷ་ཚ

Int. Tel, & Tel.

Johnsman

Kerurecott Copper Libbey-Owens-Ford Glas Lockheed Aircraft

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

U. S. DOLLARS

A small business way done at 24.9/18 for near and forward. The market closed with sellers at 24.1/2 up to May, buyers at 24.9/16 for any delivery up to May.

SHANGHAI DOLLARS

Opened with sellers. at 446.1/2 with business done at 448 and

448.1/2, Later business was done! at 450 and also 450.1/2. The mar Ket closed with geilers at 451.1/2. buyers probably at 452.1/2,

SHANGHAI MARKET

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London March 14.

INDIAN FARMERS

The extent to which

Indians are engaged in agriculture

The Brea

The following quotations are the is indicated in a recent report on middle prices at the close of the crops and live stock on Indian Re- market in London. All quotations serves in 1940. are subject to confirmation and no

under cultivation responsibility is assumed for errors totalled 216,495 acres, and the crops sown included wheat, cate barley, rye, peas, beans, buckwheat, mixed grains,

corn for husking, potatoes, turnips, bay and clover and alfalfa,

Opened with sellers of Sterling in transmission. at 3.11/32 and closed easier with

sellers at 3.5/16 for Spot. U.S.War Loan, 3% (Red. Dollars

opened with sellers "at after 1952) 6.15/32 and closed with sellers at Defence Loan, 3% 5.13/32 for Spot.

Shanghai Exchange

"Shanghai, Mar 15 (Reuter).

Sterling

Bellers

Opening Closing 0/3-11/32 0/3-5/18 0/3-11/32 0/3-5/18 0/3-21/64 0/3-18/54.

Market: Uncertain.

Silver 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

Calcana Exchange.

Calcutta Mar. 15 (Reuter). T.T. on Japan, 81-1/4

SILVER MARKET

BOMBAY SILVER Bombay, Mar. 15 (Reuter),

Market--Steady Offtake 100 bars.

Indian Mint Silver

Ready............................

Mar, 24 Settlement

April 22 Settlement

LONDON METALS

EXCHANGE

Chin 44% Anglo French

Loan, 1908

Chinese 5% Crisp Loan.

1912

1

The acreage under pasture' was 36,145, and in fallow, 38,049 Holdings of farm live stock on the ¦reserves were: borses 26,577, milk cows 6.874, other cattle 35,588, sheep 2256, hoga 4,253, hens and chickens 86.825, turkeys 5 929. geese 2,850, and ducks 3,579.

TRANSFORMATION

The transformation of the In- dians from hunters" to farmers has been carried out under the guidance of the Indian Affairs Branch

of the Department of Mines and Resources.

For years the Indians subsister

in moderate comfort upon the harvest that naturë provided, Imainly without human ald, but with the advance of settlement and the depletion of game re sources that followed. in its wake. the Indians in settled areas were

faced with the necessity of adopt-

inig white men's pursuits in order i

to support themselves.

Their success in the field

Goodrich $5 pf.

1940/41

High

DOW JONES. AVERAGE.

Mar. 18, 1941. Mar. 14, High Low Close

128.75,

28.01

123.64 172.63 123.40

28.10 98.02 2009

Change .83 up of up

19.65

18.80 19.65 19.74

.09 up

00.82 61.13

90.95 61.50

.12 up .37 up

WANT

Low Dow Jones Averages. 162.80 111.84 30 Industrials

32.67 22.15 20 Rails 26.45 18.03 20

"Utilities 92.19 83.06 40

Bonda 84.07 48.74 11 Commodity Index

Business Done: 270,000 shares ADS

INDO-CHINA

agriculture has been due largely STEAM NAVIGATION COMPANY LTD

to education and the response of

the Indians to the efforts put forth

Spot

Mar. Apr.

U.S. Dolaza

Spot

Mar

$5-15/32 $5-13/32

5-15/32

Apr.

5-7/16

5-13/32 5-13/32

Chinese 5% Reorg. Loan.

1913 (Lan. Is.) Chinese 8% Ster. Notes.

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

Lean... Honan Ely, 5% Bukuang Rly 5%. 1911...

(LP. N/Y Issue Buknang Rly. 5%, 1911

31

8-10

14

14

German Issue)........ 12 Lung Tsing & U Hal

Rly. 5% 1919 8'hai-N'King Rly. 5%. Tientain-Pukow Rly. 5%

(Brit. Btpd.) Tientsin-Pukow Rly. 5% (Gerinan Stpd.) ......... Tientsin-Pukow Ry. 5% Brit. Stpd, Bupl," Loan) {Tientsin-Pukow Rly. 5%%

Ger. Stpd. Supl, Loan), Jap, 8% Ster, Loan, 1924 22-251

12

14

12

12

N

12

12

Ger, 1%. Intl. Loan, 1924 51⁄2 Chartered Bank

Bj.

H.K. & Shai Bank (Lân.

63-03

Reg.)

75

83-04

63-05

☎K, & Shaí-Bank (Cil

Peg)

77

Chinese Eng. -&-Mining"

-(bearer)

·17/-

Chosen Corporation

4/-

Mercantile Bank of In-

dia. £5, "G"

Londen, Mo 14 (Reuter)

Pekin Byndicate

113 1/6

Price,

Standard, Cash, Middle 269-1/2.

B'hat Elec, Constr. Co.... 12/6 S'hat Waterworks "A"

1141

Ting Standard, 3 months, Middle Union Insurance Price, 2287-5/8.

24 Gula Kalumpang Rubber 15/0 Market steady, with sellers. re- |Lon., 'Mid, "& Scot., Rly, 121 served. American buyers bought Great Western Rly. moderately overnight. After hours, National Bank of Intia 314 the market was more active with B-A. Tob (bearer) sales of 115 tons. Three months Danlop Rubber were sold at £267-3/4.

Imperial Chemical Ind. 28/10) United Steel

20/71

Woolworths

48/-

321

Margman Investments .. Western Holdings

8/6

8/9

Bub-Nigel

in

142/8

86/3

bell

* Trad.

31/9

Bristol Aeroplane

10/11

(bearer) bid

42/6

ન

Tim.

to make them" independent ano Operating Services for Cargo sad. Passengers self-supporting.

}!

The output of the Cañadian brewing industry in 1930 had a aelling value at the factory of $60,153,665 compared with $57,875,- 450 in the preceding year. Sales tax and other taxes and

dutter paid to the Dominion and Provin. cial Governments totalled $16,520,- 323 as against $15.496.597 in 1934

Trans

TO-

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 to

JARDINE MATHESON&Co.I MATELEPHONE SOJIL• GENERAL MANAGERS

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 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 Officci.

CANTON

SWATOW

KONGMOON TOISHAN

SHIUCHOWKINGOHOW

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

SHOUOHEN,"

Manager

201

Standard Oll of Californis

18‡

Standard Ou of N.J......

351

73+

Btone & Webster

61

1451

Studebaker Com

63

9*

Swift International

181

9+

33*

Technicolor

304

Texas Corpn.

351

38

Texes Gulf Sulphur

354

55

Timken-Axle

634

Trans-America Co.

20th Cent. Fox.

133

Union Bag & Paper Corp.

51

Union Carbide & Carbon

67

331

Union Pacific

43+

United Aircraft

39.

133*

United Airlines Trans .....

134

114*

United Corpn,

11

141

United Corpn. $3 cum pi.

251

131

United Gas Corpn.

62*

United Gas Improvement

81

18

US, Industrual Alcohol, ...

24*

148*

US. Rubber

221

25+

US. Rubber 38 pid.

911

251

US. Smelting

57

113

U.S. Steel....

581

72}

Vanadium

271

462

Vultee Aircraft

21

Walworth Co.

54

137

Warner Bros. Pict

21

Westinghouse Elec,

951

59)

Woodward Iron Cor.......

334

Chase National Bank

་

344 24*

| National City Bank

Libby, Monell & Libby

54

Hongkong. 26th February, 1941,

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG

SHANGHAI BANKING COR PORATION. Rules may be obtain ad on application.

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong. 25th Feb., 1939.

THE CHASE BANK··

15, QUEEN'S ROAD, CENTRAL·

HEAD OFFICE:

18, PINE STRKET.

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.8.$3,800,000,000.

D. L. BALLANTYNE,

Manager,

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$10,000,000,00 Paid-Up Capital Reserve and Undivided

Profits

5,588,600,00

.............................2,933,281.00

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

Board of Director. HON. SIB SHOUBON CHow, Chairman Li Koca Chen, Esq. Li Lan Sang, Baq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tang, Esq. Fung Ping Wah Esq. Chan Ching Shek, Esq.

KAN TONG PO, Esq., Chief Manager. Hox. Ma. Li Tax Foxo, Manager

Branches and Agencies:

λέπου

Вінарого Hanroon Boursbays

Swastow

Halboorte Bas Fran- Bydney

Helping

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

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

SAP ERPOSIT Boxes To Lax.

KAN TONG PO,

Chief Manager.

4

יד

مواله ای مان

Howloos

Bateria

Loudon

Bombay

Manjis -Haigon

Dalgatta

Haiphong

Nagsaka

Hason

New York seattle

caco Tinokis

VABORTUS

Monelalu

Paris

Bemarang Shangha

Prasaz