1941-03-26 — Page 10

847 14

831 6+ 3 up 13.87 13.75 13.80 13.68b14 off

STOCKS

Adama Express

On demand

On Singapore.

May

On demand

52 3/4

July

On Japan:-

October

On demand

102 1/2-

December

.

On India

Telegraphic

Transfer.

and demand

182 1/2

March Spot

On New York:-

Close 10.78/18

Opening

.10.78/79

Closing 10.79/79

10.74/74

10.75/75

10.75/76

Change

.01 .01 up

Alleghany Steel Co. ......

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE CLOSING QUOTATIONS MARCH 25, 1941.

On London:-

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

On Shanghai:-

NEW YORK COMMODITY MARKET {REUTER'S" SERVICE)

NEW YORK, Mar 24, 1941

New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May ...... New York Hides, June

NEW YORK COTTON

High........ Low. 10.84 10.78 22.30. 22.30 877 87

Prev, Today's

Close Close Change" 10.78 10.79 01 up 22.45N 22,056 .04 of

87 671

up

NEW YORK STOCK EXCHANGE

QUOTATION (REUTER'S SERVICE)

MARCH 23, 1941.

WEDNESDAY, MARCH 26, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital..... $50,000,000

INDIA, AUSTRALIA

AND CHINA ··

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1830

Reserve Funds: -

Sterling

Last Sale

STOCKS

Last Sale

Proprietor

Mar. 24

Mar, 24

.52

Loew's Inc.

314*

Head Office:-HONG KONG

214

Loft Incorperated

181

קטן

Allis Chalmers ...............

29"

Mack Truck Inc.

27

Aluminium Ltd.

72":

Martin, Glen L

281"

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

£8,500,000 Paid-Up Capital .........£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Fund

„£2,000,0Ụ%. Reserve Liability of

Reserve Liability of Pro- $90,000,000

prietora

..£3,000,000 HEAD OFFICE: LONDON: 38, Bishopagate 3.0.2. Sub-Agencies In London: 117/182, Leadenhall Street, E.C.a West End Branch:

10.63/64

10.88/86

10.68/86

.03 up

Amer. Can

85)*

McKesson & Robbins, pfd. 28

10.83 N

10.65/65

10.64 N

.01 up

American Cyanamid B.

33

W. H. Lock, Esq.,

Montgomery Ward

371

January

10,81 N

10.65/65

10.63 N

.02.

10.59 N 11.11

10.62/02

10.61/81 11.09

up 02 up .02 off

On Batavia:—

On Paris:

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

On demand

J

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

On Saigon:-

Total sales Saturday--38,500 bales,

NEW YORK RUBBER May

July (New contract)

:

Amer. & Foreign Power .. Amer & Foreign 7 pí. ... Amer, Locomotive ........................... Amer. Metals Co!ATT

13/18

M'tain City Copper Co.

Chairman.

Deputy Chairman.

161*

National Aviation

J. K. Boushold, Esq.,

8+

13

Nat, Dairy Products

13

171

National Distillers

21

L. J. Davies, Esq.,

A. H. Compton. Esq.

Amer. Radiator

62

Hon. Mr. S. H. Dodwell,

I

National Lead

151

Amer. Rolling Mill

134

G. Miskin, Esq.,

Nat, Power & Light

7+

22.45 N

22.00 N

September ( December (

)

21,50/50

22.40b/60a 21.95/22.00 21.35/35

แ

21,35 N

21.10b/40

22.05b/10a 21.70/70 21.16/15 21.00/00

.40% off

Amer, Sting and Ring Co.

391"

K. 8. Morrison, Esq.,

National Supply Corp.

5}

.30 of

Amer, Sugar Redning......

Hon. Mr. T. E. Pearce,

181

New York Central

124

35 off

Amer. Tel. Tel.....

162

Niagara Hudson Power

... 21

35 off

Amer. Tobacco "B".

881

|N, American Aviation

144

Amer, Waterworks

51

On demand

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

Total sales for the day:-80 tons.

CHICAGO WHEAT

North American Co.

151

Anaconda Copper

244

Northern Pacine

6

Atchison, T. & 8, Fe.

237

On" Menila:---

Owens-linols Glass Co. **

414

On demand

48 1/4

May

871/87

371/87

871/871

up

Aviation Corp.

3

Amoy

Johore

Pacific Gas & Elec

271

July

841/841

847/347

851/851

up

Baldwin Lecometive

15

Bangkok

Kobe

Packard Motors

21

On Bangkok:

Batavia

J

Kowloon

Rangoon Saigon San

Hon. Mr. A. L. Shields,

Sir Vandaleur M. Grayburn,

Chief Manager.

Branches:

14/18, Cockspur Street, 8.WI Manchester Branch: 53, Mosley Street, Manchester, 1. AGENCIES AND BRANCHES

ALOR STAR

EONA KONG SENANG LLOILO

IPOH

KARACHI KLANG

KON CLAVE STREET KUALA FAIRLIN PLACK

AGENCIES:

CANTON

CAWNPORN

COLOMBO DELU

MANILA

AMRITSAR

BANGKOK

BATAVIA

BOMBAY

BANDOOR

BALGON

BURAKBAN

SHANGHA).

CALOUTTA

SINGAPORE

BITZAWAN

→ SOURABAYA

LUMPUR KUCHING

TAIFING"

TIENSAM

AERO

MADRAS

TONGKAN

(Bhuket)

MEDAN

TSINGTAL

On demand

149 1/9

September

85/85

851/853

up

Baltimore & Ohio

34

Pan-American Airways

12+

Barber Asphalt Co.

9

Bombay

Kuals

Francisco

HAIPRONO

NKW YORK

YOKOHAM

On Sterling Notes:-

"Saturday's sales-8.855,000 bushels,

Paramount Pictures

117

Calcutt

Lumpar Shanghai

Barnsdall Ou

8

Now. 23 1/2

July

Bank Buying Rate

Far Silver per owe

+

Market Report

FROM ROZA BROS.

Tuesday, Mar. 25. Silver prices rose 1/16 yesterday for both deliveries, the quotations being.23.1/2 for both Ready and

Total sales for the day:-59 contracts.

Forward, Silver advices reported NEW YORK. COCOA

American trade as having bought May

to a small extent. Offers were

scarce. The market closed very NEW YORK SUGAR NO, 3 quiet and featureless. American May..

| Pennsylvania RR

24

Canton

London

Singapore

HAMBURG EANTOW

PLIFINO

(Peling)

CHICAGO CORN

Bendix Aviation

35

May ..

637/64 84/64

641/643

Bethlehem "Steel

Phillips Petroleum

33 |

Chotoo

Lyons

Bourabaya

776

up

Public Service of NJ,

25+

Colombo

Malacca

641/64)

642/641

Bliss Co.

15**

September

6440

65/647 85/65

up

Pullman Inc.....

241

Dairen

Manila

Boeing Airplane Co.

151

Foochow

Maar

Sungei

Patani Swatow

up

Pure Ofl

Borg-Warner ....

17**

Radio Corpn. of Am,

NEW YORK HIDES

Briggs Mig.

21

Bankow

Reading Company,

Com

14

Harbin

June September

13.80/85 13.75/80 13.83/85 13.76/78.

13.66b/712 .14 of 13.78/78

Budd M'facturing Corp.

31

.05 off

Canadian Pacific R'way ...

Remington Arms Co., Inc.

41*

Iloilo

કર્યું

Case, J.I......

474

Republic Aviation Corp.

4

Ipoh

Republic Steel:

187

Celanese

223

Chesapeake & Ohlo

39

Revere Corp.

8*

7.07.N

7.02/03

Chrysler Corpın,

641

Reynold Tobac. "B"

307

7.15 N

,08

up

Safeway Stores

38%

Columbia Gas & Elec.

4

Schenley Distillers

94

Commercial Credit Co..

26

Sears Roebuck

71*

Silver was quoted at 343/4 for July Spot

2,43b/442 2,46b/47a

2.53b/53a .09 up 2.54b/55a .08 up

Com, & Southern (Ord.)

Shell Union Of

112

quoted on application,

Consolidated Edison

211

Consolidated Of

Bocony-Vacunum Of

81

51

The London/New York cross-

rate was quoted at 402.1/2. New NEW YORK SUGAR NO. 4 ** York/London was quoted at 403.

Volume of business done:-1,202 lots,

Southern Pacific"

various sizes to let.

Continental Can

360

TRUSTEE and EXECUTOR

Continental of

Southern Rly. $6 pfd.

221

18

business undertakan.

1/2.

May July

MARKET

Quiet.

STERLING

There were "sellers at 1/3 up to

... 314/.85a 8445/.88 .881b/895.884b/.89 Volume of business done:-556 loty.

NEW YORK COPPER FUTURES July

11.72b/.808

Copperweld Steel

142*

Spicer Manufacturing Co. 321*

87b/.88a .91b/.91ja

.02 up 024-up

Standard Brands

61

Curtiss Wright (C.)

9

Stand Gas & Elec.

蓬

Curtiss-Wright *A*

261

Deere & Co.

201

Standard Oil of California

19

Distillers Corpn. Seagrams

103

Standard Oll of N.J.

36

Hongkong, 26th February, 1941.

HONGKONG SAVINGS

BANK

Haiphong (Johora) Tientain

Mukden Tokyo

New York Tsingtao Peiping Yokobama Penang

CURRENT ACCOUNTS `opened

FORK OF EXCHANGE and General Banking Business transacted.

CURRENT - Accounts opened and FIXED DEPOSITE received for. One Year or shorter periods in Local or Other Currencies at rates which will be quoted so application.

SAVIXOS ACCOoms also opened in Local Currency and Sterling wish" interest allowed at rates obtainable on application. "

in Local Currency and FIXED DE 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

SAFE DEPOSIT BOXES of terms which may be ascertained at

any of the Agencies and Branches.

W. H. EVANS THOMAS,

31anager.

11

Stone"&Webster

62

BANK OF EAST ASIA,

Douglas Aircraft

723

42

45

1912 Chinese 5% Reorg, Loan, .

1913' (Lán. Is.) Chinese 8% Ster. Notes,

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

Lom Honan Rly, 5% Hukuang Rly 5%, 1911...

24

31

8-10

47

14

14

Hukuang Rly, 6%, 1911

German Issue)

12

Lung Tsing & U

Hal

Rly. 5% 1913

12

London

New York

Japan

shai-N'King Rly. 5%... Tientain-Pukow Rly, 5%

(Brit. Stpd.) Tientsin-Pukow Rly. 3% (German Stp4.). ....................

14

12

May, buyers at 1/3.1/32 for any N.Z. omcial Silver ...... unquoted

NY-Landon Cross Rate 4.03-1/2

Cash,

UI. S. DOLLARS

A small business was reported at 24.1/2 for near delivery. The market closed at 1 p.m. with sell ers at 24.1/2 for near. buyers at 249/16 for: Cash,

· LONDON STOCK

EXCHANGE

(REUTER 8 SERVICE)

London, Mar. 24.

SHANGHAI DOLLARS Opened with sellers at 469 and then receded to 438 Subsequently the market rose to 470.1/2. At the

The following quotations are the close there were sellers at 468.1/2.†

middle prices at the close of the SHANGHAI MARKET

sellers of market in London. All quotations Opened easy with Sterling at 3.11/84 but later react- are subject to confirmation and no ed to 3.7/32. At the close there responsibility is assumed for errors were sellers at 3.13/64 for Spot. in transmission.

US Dollars opened with sellers at 5.1/8. Later the market rose to 5.1/4. Closed with sellers at 5.7/32 for Spot

AFTERNOON MARKET

Quiet.

STERLING

There were sellers at 1/3 up to May, buyers at 1/3.1/32 for Cash.

U. S. DOLLARS

The market closed with sellers

War Loan, 31% (Red,

after 1852)

104-5/16 Defence Loan, 3%.......

101. Canton-K'icon Rly. 5%. 11 Chinese 4% Gold Lan

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

1925/4T

****

Chin 44% Anglo-French

Loan, 1908

at 24.1/2 for near, buyers at 24.9/18) Chinese 5% Crisp Loan. for Cash.

SHANGHAI DOLLARS Opened with sellers at 486.1/2 with business dona at 466 and also at 465.1/2. At the close there were selfers at 4841/2, buyers probably at 465,

SHANGHAI MARKET The last rate received reported sellers of Sterling at 3.15/64 for (LP. N/Y Issue "Spot" and US; Dollars at 5.0/32|

for Spot.

Shanghai Exchange

Shanghai, Mar, 25 (Reuter).

Official TT. Rates

SILVER MARKET

LONDON SILVER

London, Mar.. 24. (Reuter). Silver-Very small trade buying. Scarcity of offers. Market steady. In the afternoon, the market was very quiet and featureless, with practically no business

Spot, 23-1/2d. Forward, 23-1/24.

Gen. Motors

Gen. Rallway Signal Gen. Tire & Rubber

11.E0b.24a

11,85b/88a .13 up 34-3/4 4,03-1/2

Du Pont de Nemours

14

Studebaker Com

B1

The Business of the above Bank

. LIMITED

Swift International

-183

Eagle Ficher Lead

81

Eaton Mfg. Co.

Elec. Autolite

Elec. Bond & Share

Elec, Bond & Share $5 pt.

Elec. Band & Share sa pf.

Elec. Power & Light $7 pf. Fiintkote

Gen, American Trans. Gen. Electric

Glidden Co.

Goodrich (B.F.)

£

BOMBAY SİLVER Bombay, Mar. 24 (Reuter)., Market Steady. Offtake 250 bars.

Indian Mint Silver

Goodrich 35 pi.

Goodyear Tire & Co.

Great Northern Iron Ore Great Northern Rly, pfd:

Great Western Sugar

Ready Apr. 22 Settlement May 21 Settlement

63-13

Greyhound Corpn.

63-14

Hercules Powder Co

64-00

Homestake. Mining

Int Nickel

LONDON GOLD

40-44

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

London, Mar. 24 (Reuter). Bar. Gold, Fine per oz., 188/-

Johnaman

Kentrecott Copper Libbey-Owens-Ford Lockheed Aircraft

Dunlop Rubber

32/9

Bristol Aeroplane

10/-

Imperial Chemical Ind. 30/-

United Steel

20/3

Woolworths

47/3

1940/41

Marsman Investments..

6/3

High

Western Holdings

9/6

Bub-Nigel

145/-

32.67 22.15 20

Shell Tran

J Trad

28.45 18.03 20

K

93.18 83.06 40

Low Dow Jones Averages 152.80 111,84 30 Industrials

Rails Utilities Bonda

(bearer)

40/71

64.07 48.74 11 Commodity Indox

•~~bid

| Tientsin-Pukbe Rly. 5%

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

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengers

SWATÓW, SHANGHAL, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA"

SINGAPORE, PEÑANG and CALCUTTA

Opening

0/3-1/2

';

5-1/8

21-3/4

India

17-1/4

*Paris

Hongkong

nominal 20-3/4

"Sterling

Rellers

(Ger, Btpd. Supl. Loan) 12 Jap. 6% Ster. Lean, 1924 Ger, 7% Intl Loan, 1824 Chartered Bank)

TO-

201-24 51

eat

Upening

Closing

HK & S'hai Bank (Lan

Spot

0/3-3/18

0/9-7/32

Reg.)

74

Mar.

0/3-3/16

0/3-7/32

EK Bhai Bank (Col

· Apr.:

0/3-3/18

0/3-7/32

Pet)

77

U.8. Dollar

Chinese Eng. & Mining

Spot

$5-3/18

$5-174

(bearer)

15/

*Mar.

5-3/16-

5-1/4

Chosen Corporation

4/-

Apr.

5-3718

5-1/4

Mercantile Bank of In-

dia. 25. "G".

1011

Shanghai, where passengers and cargo are landed.

Pekin Syndicate.

1/0

That Elec. Contr. Co.

10/4

For further particulars

} s'hal" waterworks “A”

1111

please apply to y

23

Market:-Quiet but steady!

Calcun Exchange

Calcutta, Mar 24 (Reuter),

T.T. on Japan.

India Kupe

ų. Bombay, Mar. 24" (Reuter) Govt 31% Rupee, 96-0-0,

15/-

Union Insurance... Gula Kalumpang Rubber Lọn, Mid Br Bcot, Rly, 121 Great Western Ry 331 National Bank of India 315 B-A Tob (beater) 80/3

SANDAKAN

HAIPHONG

All steamers berth alongside.

the Roosevelt Terminal in the French Concession at

JARDINE MATHESON& Co TELEPHONEOLITERAL MANAGERS.

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

For the HONGKONG & SHINGHAI BANKING CORPORATION.

V. M. GRAYBURN,

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

THE CHASE · BANK

15, QUEEN'S ROAD, CENTRAL

•HEAD OFFICE:

18, PINE STREET. '

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 Tas CHASE NATIONAL BANK, NEW YORK, with Resources of over U.8.$3,800,000,000.

D. L. BALLANTYNE,

Manager,

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offcos—15, Gracechurch Street, London, EC-3 Authorised Capital Subscribed Capital Paid-up Capital Reserva Fund

ad Boat,

BANKERS:

The Bank of England and Midland

Bank. Ltd. BRANCHFS:

Kaala Trangguns. Madras

New York

Forang Eatroon

Shanghai

Kuala Lumpur

starapore it HONG KONG BRANCH: Every description" of Banking and Exchange baafiamme, transsited.

TRUSTEE AND EXECUTORSHIP

*** UNDERTAKEN CURRENT 4000FMES spened in Loos Sur, rensy and SEXED DEPOSITS reostred Is Loud Currency & 82RKLING en terma that may be ascertained on application.

DI BENSON.

What do

Manager

you want?

If there is anything you want to...... buy or seil. try # anali Classified advertise- ment in the Hong- Kong Daily Prese."

25 words $1.50 prepaid

for 3 insertions.

Paid-Up Capital ......... Rosorve and Undivided

Profits

5,598,600,00

....2,983,281.50

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

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

Li Lan Sang, Esq. P. K. Kwok, Eng. Wong Chu San, Esq. Wong Yun Tong, Esq. Fang Ping Wab Esq. Chan Ching Shuk, Esq, KAN TONG PO, Esq., Chief Manager Hon. Ma. Li Tas Foro, Manager

Branches and Agencies;"

Perang Bingsport Bangoon Sourabeys Nalgon

Amoy

Batavia Bomber

Kowloon Loudon

Manib

Yaiping

Swatow

Ban Fran- Bydney

ciao Tiantain seattin "Vancouver Semarang

Shanghai

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 periods la Local and Foreign Cur rencies on terms which will be. | quoted on application.

SAPE LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT

OF CHINA AS AN · INTERNATIONAL EXCHANGE

DAN BANK S 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, Q. South China Offices."

CANTON SWATOW

-KONGMOON

TOSHAN

SHIUCHOW KINGCHOW

We also handle.

of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.

BHOU JOHEN,

Manager.

Technicolor

9

in conducted by the HONGKONG SHANGHAI BANKING COB-

323

291

Texas Corpo.

361

ad on application.

3

Texes But Sulphur

351

591

Timken-Axle

301

664

Trans-America Co

42

341

20th Cent. Fox.

B

13

Union Bag & Paper Corp.

101

514*

Union Carbide & Carbon

861

321

Union Pacific

774

427

United Aircraft

384

13

United Airlines Trans

124

107

United Corpu,

t

131*

United Corpn. $3 cum pí.

25+

124

United Gas Corpn.

601*

United Gas Improvement 81

181

U.S., Industrual Alcohol...

24*

141*

US. Rubber

22%

25

US. Rubber $8 pfd,

26+

U.A. Smelting"

80.

111

U.B. Steel

563

68*

Vanadium

281*

47

Vultee Aircraft

01

26

Walworth Co.

Calentia

Melbour

Haiphong

Bagwake

Hankow

How York

Houalain

Farla

Κρια

131

Warner Bros. Pict.

21

21*

Westinghouse Elec,

944

59

Woodward Iron Cor.

271

334

Chase National Bank ......

314*

Glast 343

22}

National City Bank... Libby, Moneill & Libby

281"

51

DOW JONES AVERAGE

Mar. 25, 1941. Mar. 22 High Low Close

121.98

27.23

122.62 121.62 192.30 28.07 127.85 28.02

Change .47. ap

.19 up

19.70

19.70 19.55 19.62

.08 off

$28,000,000

£1,830.000

£1,000,000

£1,254,839

90.72

61.92

90,75 82.40

..03 up

.48 up

Business Done:-370,000 shares

Bangkok Bombay | Catonsća

[pob

Colombo Deiti Salle Hongkong Howrah

Handy

Kota Bharu

Koala Liple

Jacos Ksantan

Karadisi

Bimis