1941-03-19 — Page 10

NEW YORK, Mar. 17, 1941.

Prev. Today's

High Low 10.76 10.51

Close Close

10 81

1062 19 aff

|

22,48

23.40b 08 of

851

87 631 13.81 13.61 13,97 13.70

87 821 63

881

I of

63

urch,

STOCKS

27 of

Adams Express

Close

10.31/83

Opening

Closing

Change

Alleghany Steel Co.

10.71770

10.62/63

.19 off

Allis Chalmers

10.82/83. 10:08/85

1058/58

24 off

Aluminium Ltd,

10.77/77 10.84/61

10.50/50

.27 of

Amer: Canon

10.75/75

10.59/55

10.48/48

27 off

American Cyanamid B.

10 74/74

16.59/58

10.47 N

27 off

10.73 N 11.14

10.44 N"

.29 off

10.05

19 off

Amer. & Foreign Power Amer & Foreign $7 pf. smer, Locomotive ...........

| May"

104 1/ July

On Manila-

48 1/4

On New York:-

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

On Batavia :---

'On demand 45 1/4

On Paris:-

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

On Saigon:

On demand

On demand

Total sales Saturday::-122,400 bales NEW YORK RUBBER May

Amer. Metals Co................

PAGE 10-HONGKONG DAÏLY: PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

·CLOSING QUOTATIONS MARCH 18, 1941.

On London:-

Telegraphic Transfer, 1/8 7/6 Bank Blils, on demand 1/2 7/8 Credits 4 months' sight.

On Shanghai:— w

On demand

On Bingapore:—

On demand.

On Japan:-

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

May

December

445

Judy

October

52 3/4

P

On demand

102 1/2

January

March

On India:-

...Telegraphic

Transfer.

Spot

and demand

J82 1/9

Change

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

MARCH 18, 1841.

WEDNESDAY, MARCH 19, 1941.

BANKS

HỒNGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital: $60,000,000

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1880

Reserve Funds:

Head Office:-HONG KONG

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

Chairman.

INDIA, AUSTRALIA AND CHINA

· ! .....

Sterling

Last Sale

STOCKS

Last Sale

Proprietors

$90,000,000

Mar, 17

#

Mar. 17

57

Loew's Inc..

32 t

221

| Loft Incorperated

181

28

Mack Truck Inc.

284

731*

Martin, Glen L.

*9

McKesson & Robbins, pid: 251* Montgomery Ward

W. H. Lock, Esq.,

87

£6,500,000 Paid-Up Capital £3,000,000 ..£3,000,00€ H.K. Currency Reserve $10,000,000 Reserve Fund

Reserve Liability of Pro- Reserve Liability of

prietors

£3,000,000 HEAD OFFICE: LONDON: 38, Bishopagate E.C.R.. Sub-Agencies In Lendon: 117/199, Leadenhall Street, E.0.8 West End Branch: 14/16, Cookspur Street, 8.W 1 Manchester Branch:

15/18 Mtain City Copper Co.

11 Deputy Chairman.

31

|National Aviation

J. K. Bousfeld, Esq..

9**

Nat, Dairy Products

134

181*

National Distillers

211

L. J. Davies, Esq.,

A. H. Compton, Esq.,

Amer. Radiator.....

63

Hon. Mr. 8. H. Dodwell,

National Lead .......

102°

22.48/48

22,450/558

22.40

.08 off

Amer. Rolling Mill.........

14

G. Miskiu, Esq.

Nat, Fower & Light .....

P

Amer. Sting and Ring Co.

40*

July (New contract)

21.95/95

29.00/00

21.85b

,10 off

"

September

}

21.45 N

21.40b

21.43/43-

Amer, Sugar Renning

National Supply Corp......

18.

.02 off

New York Central

December

{

... 21.20 N

Amer. Tel, Tel.

1614

21.30/35

21,20 N

unch

Niagara Hudson Power

Amer. Tobacco "B"

88!

Total sales for the day:—100 tona.' CHICAGO WHEAT

N. American Aviation

147

Amer. Waterworks

51

| North · American Co.

Anaconda Copper

248

Northern Pacife.

Branches:

67,871

87/801

816/881

t.off

Atchison, T. & B. Fé

24

Owens-linols Glass Co.

441

837/84

832/831

824/83

Aviation Corp.

37

Amos

Johore

1 off

Pacific Gas & Mec

September

842/841

831/83

Baldwin Lecometive

1 off

151

Bangkok

Kobe

Rangoon Saigon

"

Packard, Motors

Batavia

Baltimore & Ohio

Kowicion Sao

31

Saturday's sales-13,927,000 bushels

Pan-American Airways

On Bangkok:-

Barber Asphalt Co.

Bombay

Kuala

Francisco

81*

Paramount Pictures

Calcutta

Lampur

Shanghai

On demand

149 1/2

CHICAGO CORN

Barnsdall Qu

81

Pennsylvania FR

Canton

Londur

Singapore

On Sterling Notes:-

May

63/63

63/621

63/831

unch.

Bendix Aviation

354

Philips Petroleum

30+

Chefoo

Lyons

Soursbays

"Bank Buying Rate...

Now.

July

Bar Süvar per os.

23 1/2

September

631/631 631/631 631/631

631/831

Lach.

Bethlehem Steel

80

Public Service of NJ,

251

Coloml

Malacca

-Sungei

63/63

1 off

Blisa & Co.

161*

Dairen

Manila

Fatani

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

Boeing Airplane Co.

18

Foochow Muar

Swałow

Market Report

FROM BOZA BROS.

Tuesday, Mar. 18.

NEW YORK HIDES

June

Pure Oil

Borg-Warner

18t

Haiphong

(Johore) Tientsin

September

13.97/99 13.70/81 14.00/00 13.81/85

13.70/70 13.73/73

27 of

Radio Corpn. of Am.

Briggs Mfg. «...

22+

Bankow

Mukden

Tokyo

.27 off

| Reading Company, Com

Budd M'facturing Corp.

41

Harbin

New York Tsingtao

Remington Arms Co., Inc.

Iloilo

Total sales for the day:-164 contracts.

Canadian Pacific R'way

31*

Rapublic Aviation Corp.

41

Ipoh

Silver prices were unchanged NEW YORK COCOA

Case, JL.

504

Peiping Yokohama Penang

yesterday, the quotations remaining May

Celanese

231

Republic Steel

-191

7.18 N

at 23.1/2 for Ready and 23.7/10 for NEW YORK SUGAR NO. 1 Forward, Silver advices reported the market as being steady with nothing" doing. American Silver was quoted at 34.3/4 for Spot

7.25/30

7.06 N

12 of

Chesapeake & Ohio

301

Revere Corp..

10

Chrysler Corpn.

671

Reynold Tobac. "B"

31

May

2,35b/360

July

2,38b/39&

2.38b/99a. 2.41b/42a

.03 up

Columbia Gas & Elec. ............

41

Safeway Stores

39jt

:03 Up

Commercial Credit Ca

30

Schenley Distillers

01

Volume of business done:-469' lota The London/New York cross-NEW YORK SUGAR NO, ↑ rate was quoted at 402.1/2. New

May York/London was quoted at 403.- 1/2.

Com,, & Southern (Ord.)

11/16

Sears: Roebuck

73

Shell Union 011

quoted on application.

Consolidated Faison .............

21골

Consolidated Oil

5+

Socany-Vacunum Öl

Southern Paciile

91

July

Defence Loan, 3% Canton-K'loon Rig. 5% Chinese 41% Gold Loan

1898 (Brit. Issue Chinese 5% Gold Bonds.

1925/41

Loan, 1808

Closed with sellers at Quiet 24.1/2 for near and also for May. buyers at 24.9/16 for Cash,

Chinese 5% Crisp Loan.

1912

Dall

MARKET

STERLING

No business was reported. There were sellers at 1/3 up to May, buyers at 1/3.1/32 for any delivery. U. S. DOLLARS

Nothing doing. There were sel lers at 24.1/2 for near up to May. buyers at 24.9/18 for Cask.

SHANGHAI DOLLARS Business was done early in the morning at 453 but later the market receded, closing towards lunch time- with sellers at 450.1/2. buyers at 4611/2.

SHANGHAI MARKET Opened with sellers of Sterling at 3.19764 and closed with sellers at 3.5/16 for Spot. U. 6. Dollars.open- ed with sellers at 53/8 and closed with sellers at 5.13/32 for Spot.

AFTERNOON, MARKET

Dull.

STERLING

No business was reported. The market closed with sellers at 1/3 up to May, buyers at 1/3.1/32 for "any delivery

U. S. DOLLARS

N.Y: Official Silver unquoted NY-London Cross Rate 403-1/2

LONDON STOCK EXCHANGE

(REUTER'S SERVICE}

- London. Mar. 17. The following quotations are the adddle prices at the close of the market in London. All quotations: jare subject to confirmation and no responsibility is assumed for errors in transmission,

::.

War Loan, 3% (Red.

after 1952)

Chin 44% Anglo-French

34-3/4 4.03-1/2,

LONDON METALS

THA

EXCHANGE

London, Mar, 17 (Reuter).

Standard, Cash, Middle

Price £272-1/8.

Tin, Standard, 3 months, Middle Price, 269-7/8.

Market firm,

SILVER MARKET

LONDON SILVER

London, Mar, 17 (Reuter). Silver-Little selling. Buyers satisfied. Market steady. In the afternoon, the market was steady, with buyers satisfied and no bus!-

Spot, 23-1/24.

Forward, 23-7/18d.

BOMBAY SILVER

Bombay, Mar. 17 (Reuter), Market Steady. Offtake 250 bars.

Indian Mint Silver

.791b/.80a .80+b/.81a

84b/.84ła .86/.87 Volume of business done:-177 lots.

NEW YORK COPPER FUTURES July

.81b/814 .85b/.88

61 up.

Continental Can

371

TRUSTEE and

01 up

Continental on

··181

Bouthern Rly $5 pid. ............

business undertaken.

Copperweld Steel

141*

Spleer Manufacturing Co

331*

Ourtiss Wright (C.)

91

Standard Brands

6g

Stand Gas & Elec.

Curtiss Wright.“A”

281

11.65b/69 11.60b/808 11.62b/67a

..03 off

Deere & Co.

204

Standard Oll of California 19)

Standard Oll of NJ.

351

Distillers Corpn. Seagrams

18

Douglas Aircraft

74+

Stone & Webster'

Du Font de Nemours

146

Studebaker Com.

6

Eagle Picher Lead"

91"

Swift International

18

Eaton Mig. Co.

334

Technicolor

83*

Texas Corp.

354

Elec. Antolite

304

Amec, Bond & Share”..................

31.

Texes Gulf Sulphur ..

351

Elec. Bond & Share $5 pf.

551

Timken-Axle ........

317

Elec, Bond & Share $6 pf.

64

Trans-America Co

44

Elec. Power & Light $7 pí. Flintkote

341

20th Cent. For

134

Union Bag & Paper Corp.

11

Gen. American Trans.

512.

Union Carbide & Carbon

672

Gen, Electric

331

Union Pacific

78

THE CHASE BANK

Gen Motors

433

United Aircraft

391

Gen. Railway Signal

13*

United Airlines Trans

14

15, QUEEN'S ROAD, CENTRAL

Gen. Tire & Rubber

114*

United Corpn.

11

Glidden Co.

13+

United Corp. $3 cum pt. 251

Goodrich (BF.)

131

United Gas Corpn.

£

Goodrich $5 pt.

621*

United Gas Improvement. B

104-1/16 101-9/16

11

Goodyear Tire & Co.

191

UB.. Industrual Alcohol.....

231

UA. Rubber

221

ness.

Great Northern Iron Ore Great Northern Rly, pfd, Great Western Sugar.... Greyhound Corpn.

251

US, Rubber 38 pfd.

914

254

US Smelting

561

117

U.S. Steel .......

571

Interest Rates on Application,

42

Hercules Powder Co.

704

Vanadium

28

K. 8. Morrison, Esq., Hon. Mr. T. E. Pearce, Hon. Mr. A. L. Shields, Sir Vandeleur M. Graybura,

Chief Manager.

1

32, Mosley Street, Manchester,

AGENCIES AND BRANCHES «

ALOE STAR EONA JONG AMBITBAR ILOILO BANGKOK

IPOR

SATAVIA BOMBAY DALOUTTA

AGENCIES: OLATE BAT

FAIRLIK PLACK. CANTIÓN CAWNPORI СКВО

COLUMBU

DELKI

BALFHONG HAMBURG KANIOW

KARACHI KLANG

KOBE

XDALA

CUMPUR KUCKING MAD BAS -MANILA-

KEDAN

KEW YORK PRIPINA

(Peking)

BINGAPORA

AITIAWAN

HOURABAYA

TAIPING

*. TIENTSIN

TONGKAR

(Bhukos)

MINOTAU TOKOHAMA

FOREIGN EXCHANGE and General - Banking Business transacted.

QUERENT ACCourts opened and FIXED DEPOSITS received for Ons Year or shorter periods in Look o Other Currencies at rates, which will be quoted on application.

SAVINGS ACCOUNT also opened in Local Currency and Sterling with

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

SAFE DEPOSIT BOXES of various sizes to let.

EXECUTOR

Hongkong. 28th February, 1941.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Bules may be obtain ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 26th Feb., 19390.

HEAD OFFICE: "

18, PINK STEET,

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

The Bank's Head Office in London

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

W. H. EVANS THOMAS,

Manager.

BANK OF EAST ASIA, LIMITED

5,098,500,00

Authorised Capital.....$10,000,000.08 Paid-Up Capital Reserve and Undivided

Profits.......

.......................2,983,287.50

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

"Board of Director.

HON. SIR SHOUBON CHOW, Chairman

Li Lan Sang, Leg. Wang Cha don, Esq. Fony Ping Wah Esq.

Li Koon Chan, Esq. F. K. Kwok, Esq. Wong Yun Long, Eq. <'han thing Shek, Kaq. KAN TONG Po, Esq., Chief Manager HON. MR. LI THE FONG, Manager

Branches and Agencies:

Hartla

Penang ..Blogspare Hangoon

Bourabaya

Bayona, Barstow

Melbourne San Fran. Sydney Nagtaka

FENAMO RANGOON.

BAIGON

BERKHBAR

SHANGHA)

Homestake Mining

462*

Vultee Aircräft

6:

SAFE DEPOSIT BOXES

Amay

P

Kowloos

HALATÍR Babay

kaiphong

HANKOW

New York

deattle

40-44

int Nickel.

261

Walworth Co.

45

Inter. Paper & Power Int, Tel. & Tok

131

Warner Bros. Pict.

22*

Westinghouse Elec.

96

Johnsman

60%

24

Chinese 5% Reorg. Loan.

Kerrecott Copper

832

Ready

62-14

Libbey-Owens-Ford

Glass 347

Woodward Iron Cor. Chase National Bank National City Bank

28

1913 (Lan. Is.)

31

Mar. 24 Settlement

62-14

Lockheed Aircraft

241

Libby, Monell & Libby

SHANGHAI DOLLARS

Chinese 8% Ster. Notes,

1905 (Vickers)

April.22 Settlement

62-00

8-10

at 452.

Loan Homan Rly. 5% Hukiang Rly 5%, 1911..

(LP, N/Y Issuet Bukuang Rly. 5%, 1911

47

United Steel

"20/6

14

Woolworths

48/-

1940/41

14

Muzammar. Invesments

6/ 6

Western Holdinga

10/-

152 80 111.64 30

Sub-Nigel

12

142/6

Shell Tran

Trad

26.45 18.03 20

J1

Hal

12

(bearer)

41/101

92,19 83.06 40 Bonds. 64.07 48.74 11

-bid

-ex div

.14

Closed with sellers at 451, buyers chin. Imperial Rly. 5%

SHANGHAI MARKET Opened this afternoon with sellers of Bterling at 3.5/18 and closed ateadler at 321/64 for Spot. . . Dollars opened with sellers at 5.13/32 and closed slightly steadier at 5.7/16 for Spot.

Shanghai Exchange

Shanghai, Mar. 18 (Reuter)..

Sterling

Sellers

Closing

Opening Bpot 0/3-19/84 0/3-5/16

· Mar. 0/3-19)84 0/3-6/18 Apr. 0/3-9/32 0/3-5/18 U.S. Dollars

Spot

Mar

Apr..

5-3/8

35-3/8 $5-7/18

5-3/8

5-7/18 5-12/32

Market: Quiet,

Silver Doty Bate

The Central Bank of China's rate on Landon at 10 a.m. today was 1/2-1/24.

The Equalisation rate was 241 per cent

Calcut Exchange

Calcutta, Mar. 17 (Reuter). TT on Japan, 81-1/4

India Rupee Paper

Bombay, Mar, 17 (Reuter), GOT #1% Repea, 05-10-0,

(German Issue

Lung Tsing & U

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

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

(German, Stpd.) Tientsin-Pokow Ry, 4%

(Brit. Stpd. Supl, Loan) 12 Tientsin-Pukow Rly, 5%

(Ger.tpd, Supl, Loan) 12

12

Jap. 6% Ster, Loan, 1924. 25 Ger, 7% Inti. Loan, 1924. 5†

Chartered Bank.....

HK, & Shai Barik (Lan

Reg.)

HK 8bal Bank (Col.

Rex) Chinese Eng. & Mining

(bearer)

Chosen Corporation Mercantile Bank of In-

dia, £6, "0" Pekin Syndicate

B'hai Mec. Constr. Co.

བྷཝཱ བྷ=སྶ སྐྲ 《a# gt"; ྂ=སྶ

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

"TO-

75

17/-

104+

1/0

12/6

11+1 24

6'hat Waterworks “A” „... Union Insurance................................. Gula Kalumpong Rubber 15/0: Lun, Mid, & Scot, Riy, 12}.. Great Western Ry. 324 National Bank of India 31 B-A Tob (bearer)88/3 Dunlop Rubber

$1/9 Bristol Aeroplane

10% Imperial Chemical Ind. - 29/1

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 Concassion st Shanghai, where passengers, and cargo are landed.

For further particulars

please apply to-

JARDINE MATHESON&Co. Ltd.

TELEPHONEOHATERAL MANAGERS

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Konts TrenggUHJ Sad

Penang

Bangkok

- Ipoh

Bombay

Ostoutta

Konta

New York

Colombo

Kandy

Delhi

Karshi

Rangoon

Gallo

Kota Bharu

Shanghal

Hongkong Kuala Lipis

Simola

Howrsh

Kuala Lumpur" Singapore

HONG KONG BRANCH: Every description of Banking" and Exchange haginem transnoted.

TRUSTEE AND EXECUTORSHL?

GUNUNDERTAKEN

„'CURRENT AO0OUNTE. zawowd in Local Our- Fancy and FREED DEPOSITS. required in Local Currency & STERLING, as turma that may be ascertained on ap] Jention.".

D. BENSON,

What do

you

Manager

want?

If there is, anything you want to buy ar soll, try ¤ small Classified advertise- ment in the Hong- Kong Dally Press,

25 word $1.50 prepaid

for 3 insed

BANK OF CHINA

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

BANK

FAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branchen 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-BHANGHAI Hong Kong Branch:

QUEEN'S ROAD, C, South Ching Offices..

KONGMOON TOISHAN W KINGCHOW

CANTON SWATOW SHIUCHOW

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

SHOU J. CHEN

Industriala

DOW JONES AVERAGE

High Low Dow Jones Averages

32.87 22.16 20 Raile

Mar. 18, 1941. Mar. 15, High Low Close

Change

1 3.40

124.12 1-3.18 123.48

.ce up

decribed Capital...

2.09

28.35 28.04 2977

.02 oft

tilities

19.74

19.77 18.64 19.70

.0: off

Emerce Fund

Pal-i-up Capital Best,"

es,000,000

2,800,000

£1,000,000

£1,254,097

This Bank is entirely owned by THE CHAEY NATIONAL BANK, NEW YORK, with Resources of over U.S.$8,800,000,000.

D. L. BALLANTYNE,

Manager,

THE MERCANTILE BANK OF INDIA, DIMITED

Head Ofce-15, Gracechurch Street. London, EC3

Authorised - Capital

Paying

Bemarang Shabba

Every description of Bauking and Exchange business transacted. Losu granted, ou approved securities sa

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

SATE DEPOSIT Boxes To Lin.

KAN TONG PO,

Chief Manager.

Hopi

Kun

90.96

Commodity Index

61.60

.07 up #38 off Business Done: -30,000 shares

01.02

BANKERS:

61.14