1941-03-28 — Page 10

MONEY AND EXCHANGE

NEW YORK, Mar. 26, 1941.

High Low 10.85 10.80 22.42 22.42

Frey. Today's

Close Close Change 10.81 10,85 .04 up

24.20N 22.45b

25 up

90 882.

88

1

up

66 13.77

65

651 651 2

up

STOCKS

13.70 13.72 13.886 .04 off

Adams Express ......

Close

Opening

Closing

Change

On Shanghai:-

Alleghany-Steel Co.

On demand

********* 450*

10.81/81

10.80/80

10.85/85

04 up

Allis Chalmers ..

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

CLOSING QUOTATIONS New York Cotton, May

MARCH 27, 1941.

On London:-

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

New York Rubber, May Chicago Wheat, May Chleago Corn, May New York Hides, June

NEW YORK COTTON May

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

-MARCH 27, 1941.

FRIDAY,

CH 28, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION.

INDIA, AUSTRALIA

Authorised Capital $50,000,000

AND CHINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1866

Reserve Funds:

Sterling

List Sale

STOCKS

Last Sale

Proprietors

..$20,000,000

£ 6,000,000 Paid-Up Capital...!. H.K. Currency Reserve $10,000,000 Reserve Fund....... Reservs Liability of

Reserve Lisbility of Pro-

pristora................................

£9,000,000 £9,000,000

..£3,000,000

Mar. 26

Mar. 26

51

Loew's Inc.

32

Head Office:-HONG KONG

211

Laft Incorperated

181

291

Mack Truck Inc.

On Singapore:-

On demand 52 3/4-

July

October

10,78/76

10.77/77

10,80/80

04 up

Aluminium Ltd.

277

724*

||

Martin, Glen L

10.04/04

10.64/65

10,70/70

06 up

Amer. Can

281

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

851

On Japan:-

December

10.62 N

10.04/84

10.69 N

,07 up

American Cyanamid B. ...

33

McKesson & Robbins, pid. 273

On demand............

103 1/2

January

March

On India:-

Telegraphic Transfer. i

Spot

10.61 N 10.63/63 10.59/59 11.11

10.67 N

.06 up

Amer, Foreign, Power....

Montgomery Ward

W. H. Look, Esq.,

371

10.60/61

10.65 N

.06 up

Amer & Foreign $7 pt....

M'tain. City Copper Co.

3*

17

National Aviation

11.15

:04 Up

Amer. Locomotive

B1

J. K. Bousfeld, Esq..

12

189 1/2

Nat. Dairy Products

and demand

Total sales Tuesday--71,400 bales,

Amer. Metals Co...m

131

A. H. Compton, Esq.,

171

National Distillers...

L J. Davies, Esq.,

On New York:

Amer. Radiator

207

1:

Bank Bills, on demand 24 1/8 Credlis, 80 days' night 24 7/8

NEW YORK RUBBER May

National Lead

Hon. Mr. S. H. Dodwell,

Amer. Rolling Mu

133

154

G. Miskin, Esq.,

א 29,20

On Batavis:--

July (New contract)

21.75/77

"On demand

.......... 45 1/4

On Paris;-

On Saigon:-

Bank Bills, on demand Nom.

Credits 4 months sight Nom.

September ( ) ...... 21.25/25

Total sales for the day:-200 tons CHICAGO WHEAT

On demand..... 104 1/8May

23.15b 21.80b 21.35/35

22.45b/50a 21.99/22.00 21.54/54

25 up

Amer. Sting and Ring Co. "397

Nat, Power & Light .....

K. 8. Morrison, Esq.,

24 up

Amer, Sugar Refining

18

National Supply Corp.

AMRITSAR

BANGKOK

BATAVIA

54

Hon. Mr. T. E. Pearce,

New York Central

121

13

.29 up

Amer. Tel & Tel

1621

Niagara Hudson Power

December

}

...... 21.10 N

21.10b

21.30b/35a

.20 up.

Amer. Tobacco “B”

684

| N. American Aviation ....

141

Amer, Waterworks

5+

North American Co.

147

Anaconda Copper

24

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

Chief Manager.

BOMBAY

CALOUTTA

CLAVE SET KUALA

FAIRELY PLACE

CANTON

Chairman.

Deputy Chairman

HEAD OFFICE: LONDON:

38, Bishopsgate E.Ć.2

Sub-Agencies In London: 117/122, Leadenhall Street, E.C.a. West End Branch:

14/16, Cockspur Street, 8.Wi Manchester Branch: 32, Mosley Street, Manchester, 1.

ALOR STAR

AGENCIES AND BRANCHES-

HONG KONG PINANG KLOLLA *BANGOOT IFOR

KARACHI

SAIGON

-ử BEREMBAN.

AGINGLES: CO

SHANGHAI BINGAPORE SITIAWAN SOURAMAYA

Northern Pacine

81

Atchison, T. & 8" F.

251

Branches:

LUXFOR

TAIPING

KUCHING

Owens-linols Glass Co.

427

On Manila:-

July

On demand

.... 48 1/4

September

85%/837

831/89

853/853

86+/80)

891/891 871/87

88/881

872/871

Aviation Corp.

3}

કયાઁ

Pacific Gas & Elec

daoy

Johore

27}

Ualdwin Lecometive

142

Bangkok

Kobe

Rangoon Saigon

DAWNPORN CKBU COLOMBO

MADKAR

TIENTIE TONGLAN

MAXIKA

(Bhuket)

Packard Motors

27

Baltimore & Ohio

...... 31

Batavia

Kowloon San

Pan-American Airways

121

On Bangkok:-

Tuesday's sales:-10,641,000 bushels.

*

Bar Ailver per ox.

On demand

On Sterling Notes:—

Bank Buying Rate

149 1/2

Barber Asphalt Co.,

Barnsdall Of

9

Bombay

Kuala

Paramount Pictures

12)"

Calcutta

8

CHICAGO CORN

Pennsylvania R.R

24

Canton

London

Bendix "Aviation

351

Singapore

Phillips "Petroleum

Now.

May

551/851 65+/65

86/657

4 up

Bethlehem Steel

38′

Chefoo

Lyoa

761

Public Service of NJ,

241

Colombo.

Malacca

Bungei

93 1/2

July

851/651 65/851

68/683

up

Buss & Co.

15#

Pullman Inc.....

241

Dairen

Manila

September

65+b

66b

up

doeing Airplane Ca.

151

Foochow Maar

Pure Oll....

***

NEW YORK HIDES

June

September

May

Silver

was July

July

SHANGHAI MARKPT

Defence Loan, 3%..... Janton-Kloon Rly. 5% 11. Chinese 41% Gold Lan

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

1825/4

1

J

1912 Chinese 5% Reorg. Lean,

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

1925 (Vickers) Chin. Imperial Kly, 5%

Loen Honan Rly, 5%

Aukuang Rly 5%. 1911...

(LP. N/Y Issue) ..... 14 Hukuang Rly. 5%, 1911

German Issue)

Rly. 5% 1913

shai-N'King Rly, 8% ...

Tientsin-Pukow Riy. 5%

Market Report

FROM ROZA BROS...

Thursday, Mar. 27.

Suver prices were unchanged

Total sales for the day?-21 contracts.

yesterday, the quotations remain, NEW YORK COCOA

ing at 23.1/2 for Ready and For-May

ward. Silver advices reported the NEW YORK SUGAR NO. 3 market as being quiet with no

business. American

quoted at 34.3/4 for Spot,

The London/New_York" cross-

Volume of business done:-350 lots. rate was quoted at 402.1/2. New NEW YORK SUGAR NO. 4 York/London was quoted at 403-May

1/4

MARKKI

Steady but quiet.

STERLING

No business was reported. There July were sellers, at 1/3 up to. May NEW YORK COTTONSEED OIL buyers at 1/3.1/32 for any delivery. July

U. S. DOLLARS

N.Y. Official sliver ...... Business was done at 249/16 NY-London Croas Rate 4.03-1/4 for Cash. There were sellers at 24.0/18. for near and probably May, buyers at 24.5/8 for Cash,

SHANGHAI DOLLARS

Business was done early in the morning at 465.1/4 but later the market receded and transactions were arranged at 463.3/4" and 483.1/2. The market closed at 1 p.m. with sellers at 483.1/2, buyers at 464.1/4.

LONDON STOCK TRESERVE BANK OF

EXCHANGE

(REUTER'S SERVICE)

London, Mar. 26.

INDIA STATEMENT

Calcutta, Mar. 28 (Reuter).

Mar. 14 Mar. 21

Notes in circulation

adddle prices at the close of the The following quotations are the market in London. All quotations Rupee Coin and Bui- are subject to 'confirmation and no Steady. There were sellers of responsibility is assumed for errors Gold Coin and Bul-

lion in India Sterling at 3.7/32 for Spot. U. S. in transmission. Dollars opened with sellers at

5.1/4 and closed steadier at 5.9/32 War Loan, 34% (Red,

for Spot.

AFTERNOON MARKET

Qulet.

STERLING

There were sellers at 1/3 up to May. buyers at 1/3.1/32 for any delivery.

after 1962)

U. S. DOLLARS

Chin 44% Anglo-French Nothing doing. There were sel- Loan, 1908 lers at 24.5/16 for near and pro-Chinese 5% Crisp Loan. bably May, buyers at 246/8 for Cash.

SHANGHAI DOLLARS Business was done at 484.174. There Were sellers at 464.1/4, buyers probably at 464.1/2.

SHANGHAI MARKET Closed with sellers of Sterling, at 2.15/64 for Spot and U. 8. Dollars at 5.9/32 for Spot.

Shanghai Exchange Lung Tams & U. Hai

Shanghai, Mar. 27 (Reuter).

Official TT. Rate

Ion in India Securities

Government), 4,961 4,961

Borg-Warner

17

Radio Corpn. of Am,

41

Haiphong

Briggs Mig.

21

13.72/72 13.73/78

13.65b/77a 13.73b/85a

13,68b/72a 13.75/75

.04 off

Reading Company,

Com. 141

Budd Mfacturing Corp.

31

Harbin

,03 up

Remington Arms Co., Inc.

5*

Iloilo

Canadian Pacidc R'way ..

34

Case, J.L

48

Republic Aviation Corp.

31

Ipoh

Celanese

221

Republic Stasi

183

Revere Corp.

81*

Chesapeake & Ohio

39+

7.04 N

7.15/17

7.10 N

.06 up

Reynold. Tobac; "B"

301

Chrysler Corpn.

634

Safeway Stores

387

Columbia Gas & Elec

34

Schenley Distillers

94

2.49b/51a 2.52b/53a

2,45b/46a 2.48b/49a.

.04 off

Commercial Credit Co.

281

Bears Roebuck

713

..04 off

Com, & Southern (Ord.)

+

Shell. Union Oll

11

quoted on application.

Consolidated Edison.........

231

Bocany-Vacunum Oll

82

Consolidated, Oll

51

various sizes to let.

Southern Pacifie

ין

Continental Can

37

92

TRUSTEE

and

.88b/.88ja

.89/.89 .......91b/.91ła .91/914 Volume of business done:-303 lots. NEW YORK COPPER FUTUREA

11.83b/90a

.85b/854a .891b/90a

.03 of

Continental Ol

18!

Southern Rly $5. vid.

231

business undertaken.

014 off

Copperweld Steel

15

Spicer Manufacturing Co. 33:

Standard Brands

Curtiss Wright (C.)

9.

Stand Gas & Elec,

Curtis Wright "A"

26

¿

Standard Oil of California

Deere & Co.

201

193

11,90b/958

Standard Oul of N.

351

.07 up

Distillers, Corpn. Beagrams

16 ·

Douglas Aircraft

727

Stone & Webster

*1.95/95

34-3/4

8:09b/10a 34-3/4 403-1/4,

Du Pont de Nemours

1481

.14 up

Eagle Picher Lead

82

Faton Mfg. Co.

323*

Elec. Autolite

291

Studebaker Com

Technicolor

Texas Corpn.

61

Swift International

181

is conducted by the HONGKONG

SHANGHAI BANKING COR-

301

ed on application.

Texes Gulf Sulphur

Bled Bond & Share

24

Timken-Axle ..........

301

Elec, Bond & Share $5 pt. 59)

BANKING CORPORATION.

Elec, Bond & Share $6 pf.

Trans-America Co.

4

864

20th Cent. Fox.

0

!

Elec. Power & Light $7. pr.

34

Flintkote

131...

Union Bag & Paper Corp.

101

Gen. American Trans.

51

Union Carbide. & Carbon

661

Union Pacific

774

Gen. Electric

324

United Aircraft:

........

37

Gen. Motors

4242

(including Notes held in the Bank-

Gen. Raliway Signal

131*

United Airlines Trans

Gen. Tire & Rubber

111*

United Corpn.

127 11/18

ing Department)... 26,681 28.785

Glidden Co.

133

United Corpn... $3 cum pl. 23

United Gas Corpn.

Goodrich (B.F.)

122

3,228

3,332

Goodrich $5 pf.

80**

United Gas Improvement 81

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

18

UB., Industrual Alcohol.... 241

4,441

4.441

Great Northern Iron Ore

144*

UB, Rubber

22}

(Indian

104-11/16 Securities

101

(British Government) 14,050 14,050

(Figures in Lakh's Rupees)

Great Northern Rly, pid. Great Western Sugar Greyhound Corpn.

251

US. Rubber $8 pfd,

901

25

US. Smelting

60*

plete Foreign Banking Service in the principal Markets of the| world.

11

U.S. Steel

571

Interest Rates on Application

Hercules Powder Co Homestake Mining

70%

Vanadium

25+

48

Vultee Aircraft

61*

SAFE DEPOSIT BOXES

42

Int Nickel

251

Walworth Co.

47

Warner Bros. Pict.

134

40-44

21

Westinghouse Elec,

Woodward Iron Cor.

592

33

49

Tia.

Middle

Glass 33

24

Price. £273-3/8.

223

Chase National Bank National City Bank Libby. Monell & Libby

1

31

8-10

47 14

12

*98.37

Mar. 27, 1941. Mar. 25, High Low Close 122.78 193.31 199.65 122,70 28.89 28.01 28.02

Change

.08 off

25 up

19.70 :90.80 Commodity Index 68.34

19.80 19.45 19.59

.11 off .10 up .26 up Business Dona:-630,000 shares

91.00 62,60

12

14

Opening

(Brit. Stpd.)

12

London

New York

Japan

0/3-1/8

Tientsin-Pukow Rly. 5%

5-1/8

(German Stpd.)

12

21-3/4

Tientsin-Pukow Rly, 5%

Spot

Mar

Apr.

India

Paris: Hongkong

Sterling.

Rellers

Opening Closing 0/3-7732 0/3-15/64 0/3-7/92 0/3-15/64 0/3-13/64. 0/3-7/32 U.S. Dollern

17-1/4

(Brit. Stpd. Supl, Loan) 12

nominal

20-3/4

Tlentain-Pakow Rly, 5% (Ger. 8tpd. Bupi. Loan) Jap. 5% Ster. Loan, 1924 24 Ger, 1% Intl. Loan, 1924.54 Chartered Bant HK, & Sha! Bank (Ldn.

Reg.)

* 74 ELE&Shat Banx (Oul

Reg) Chinese Eng. & Mining

12.

Ready Apr. 22' Bettlement: May 21 Settlement

03-08 ...... 63-09 €3-12

TO

LONDON GOLD

London, Mar, 26 (Reuter).

77

Bar. Gold, Fine per oz., 188/-

Spot

$5-1/4

$5-9/32

(bearer) i

15/

Mar.

6-1/4

5-9/32

Chosen Corporation

41-

Apr.

5-1/4

.6-9/32

Mercantile Bank of In-

Dunlop Rubber

32/9

Market: Quiet,

dia. £5, "":

10)

Bristol Aeroplane ...

9/9

Pekin Byndicate

1/6

Imperial Chemical Ind. 29/10

Calcutta Exchange

Calcutta, Mar. 28 (Reuter) TT. on Japan, "81-174724

India Rupee Paper

Bombay, Mar. 26. (Reuter), Govt. 31% Rupee, 95-12-0

Union Insurance ... Gula Kalumpong Rubber 15/ Lon, Mid E

Great

Nationa B. A Tob

B'hai Zec. Constr. Co.

10/-

United Steel

20/3

B'hal Waterworks “A”?"

1111

Woolworths

47/

Maraman Investments.

6/3

Western Holdings

9/6

Sub-Nize!®

142/6

38

when Tran Trad

* {bearer)

கட்ட்ன்ரி

LONDON METALS

EXCHANGE

London, "Mar. 26 (Reuter).

Standard, Cash,

Tin, Standard, 3 months, Middle Price, £270-1/2.

Market quiet and desultory; with Uttle demand. Ministry of Supply again offered. United States bought moderately. After hours sales 35 tons,

SILVER MARKET

LONDON SILVER

London, Mar, 26 (Reuter). Silver-Market very quiet, with offers lacking. In the afternoon,

the market was idle and feature-

less, with no business.

Spot,..23-1/23,

Forward, 22-1/2d.”

BOMBAY SILVER SA Bombay, Mar. 28 (Reuter)..

Market-Steady, Offtake 150 bara.

Indian Mint Silver

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

Kentecott Copper Libbey-Owens-Ford Lockheed Aircraft

1940/41

DOW JONES AVERAGE

High Low Dow Jones Averages 162.80 111.84 30. Industrials

32.87 22.15 20 Rails

26.45 18.03 20

92.10 8308 40 64.07 48.74 11

Utilities Bonda

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengers

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 st Shanghai, where passengers and cargo are landed.

For further particulars

please apply to:

JARDINE MATHESONɛCo TELEPHONE ZOJILL 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 ÚRINA)- Owing to our numerous Branches in Chins, 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 Offices. "

CANTON SWATOW

SHIUCHOW

KONGMOON TOISHAN KINGCHOW

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

SHOUJOHEN

nama Manager.

23

Hantow

Francisco HAIPHONG.

"Lampar Shanghai BAMBURO

Sourabaya

Patani Swatow

(Johore) Tientsin Mukden Tokya New York Tsingtao Peiping Yokohama Penang

HANKOW

KADAN

NEW YORK

(Peking)

TAINOTAL" TOKOHANA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT A0cours operied and FIXED DEPOSITS received for One Year or shorter periods in Local os Other Currencies at rates which will be quoted on application,

SAVINGS ACCOUNTS Biso 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 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

SAFE DEPOSIT BOXES of terms which may be ascertained st

British Income Tax overpaid, on

EXECUTOR

Hongkong, 26th February, 1941.

HONGKONG SAVINGS

BANK

The Business of the above Bank

any of the Agencies and Branches.

W. H. EVANS THOMAS,

Manager.

BANK OF EAST ASIA, LIMITED

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

For the HONGKONG & SHANGHAI

V. M. GRAYBURN,

Chief Manager. "Hong Kong, soth Feb., 1839,

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

Paid-Up Capital

Reserve and Undivided

Profits

* 5,588,600.00

.........................2,083, 261.50

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

.:

Board of Director.

HON. SIE SHOUSON CHOW, Chairman Li Koon Cham, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wang Cha Son, Say. Wong Tan Tong, Ead. Fang Ping Wah Esq. Chan Ching Shok, Esq.

"HEAD OFFICE:

18, PINE STREET.

NEW YORK An American Bank offering com-HoN.

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,

KAN Toxo Po, Eaq, Chief Manager

MR. LI TER FONG, Manager

Branches and Agencies:

Paying

Hangoon Balon

Singapore

Sourby's Barsbow

San Fran- Sydney

Telade Timetaín. ** Vancouver

Neattie

Bemark

Shanghai

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

Current Accounts opened in Local Currency and Fixed Deposits r ceived for ons

year or shorter

periods in Local and Foreign Car. ∙rencies on terms which will be

quoted on application.

SAFE LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

DELI

PUITING

Amor

Kowloom PRAAZIY

Bateria Bombay

Lavian.

Manika

Melbourn

Halphons Baator Henalain

Nagrania New York

Kous