1941-04-10 — Page 10

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Singapore Sourabaya

HAMBURG HANKOW

NEW YORK ....... YOKOHAMA PLIPING

(Paking)

FOREIGN EXCHANGE and Geners): Hanking Business transacted.

Prev. Today's

High Low

11.26 11.16

Close "Close Change

11.32 11.15 22.00 21,80 -22.00b 23.00 81 .90 911 BOL

687 67 661

07 off

unch.

1 off

861

ur.ch.

STOCKS

.35 off

11,27/22

Closing

11.15/17,

Change

07 off

Adams Express ......

Ja Shanghai:-

Alleghany Steel Co......

On demand

450

Allis Chalmers

11.23/23

11.12/12

11 off

Un Singapore:—

Amer, Can

11.14/15

11.04/04

.10 off

On demand

63 3/4

American Cyanamid B.

11.13/13

11.04/05

.00 of

On Japan:-

Amer. Foreign Power

11.11 N

11.02 N

.09 oft

On demand

103 1/2

Amer & Foreign 57 pf....

11.12/12 11.51

11.03/03

.09 off

On India:-

Amer. Locotzotive

11.39

.12 oft

Telegraphic Transter.

and demand

89 6/8

Amer. Metals.co.

Amer. Radiator

On New York:—

Amer. Rolling Mŋi

Bank Bils, on demand 4 1/4. Credlis, 60 days sight 25

Amer. Sting and Ring Co.

Amer, Sugar Redning

On Batavia:—

Amer. Tel & Tel.

On demand

45 1/2

Amer. Tobacco„ “B”

On Paris:-

Amer. Waterworks

CHICAGO WHEAT

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

Anaconda Copper ............

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK COMMODITY MARKET.

(REUTER'S SERVICE)

NEW YORK, April 8, 1941.

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

14.19 13.70 14:10b 13,75

NEW YORK COTTON

May

July

October

December

January

March

Spot ....

May July

Total sales Monday:-89,600 bales,

NEW YORK RUBBER

(New contract)......... September ( December

Total sales for the day:-210 tons.

22.00b/10a 22.00/00

unch

21.10b 20.82b/90a

28 of

............

}

20.805 20.50b

20.52b/58a

20.25 N

28 off .25 off

MONEY AND EXCHANGE

CLOSING QUOTATIONS

in London

8 8 8

APRIL 9, 1941,

Telegraphic Transfer: 7/8 Bank Bills, on demand 1/3 7/8 Credits 4 months' sight

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

APRIL 9, 1941,

STOCKS

THURSDAY, APRIL 10, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA.

AND CHINA

Authorised Capital... $50,000,000

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1850

Reserve Funda: Sterling

£6,500,000 Paid-Up_Capital ... £3,000,000 H.K. Currency Reserve $10,000,000 Reserve Fund

...£9,000,00 Reserve Liability of

Roserve Liability of Pro- Proprietors

prietors

.£3,000,000 HEAD OFFICE: LONDON:

$20,000,000

Head Office:--HONG KONG

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

Chairman, W. H. Lock, Esq., -

Deputy Chairman.

38, Bishopsgata E.0.2.

Sub-Agencies In Landon: 117/129, Leadenhall Street, E.C.a West End Brauch; 14/18, Cockspur Street, B. W 1 Manchester Branch: 55, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES

HONG KONG FENANG

ALOE STAN AMRITSAR BANGKOK BATAVIA

ILOILO ІРОН

KLANG

Kogn

RANGOON

SAIGON

BEREMBAN

SHANGHAI

SINGAPORE

SITIAWAN

Last Sale

Apr. 8

101

Kennecott Copper Libbey-Owens-Ford

327

Glass

33+

274

Lockheed Aircraft

88+

Loew's Inc.

35+

Martin, Glen L.

251

13/18

Montgomery Ward

381

151

National Aviation

132

||Nat, Dairy Products

131

J. K. Bousfeld, Esq.,"

161

National Distillers

201

A. H. Compton, Beq.,

•

LJ. Davies, Esq.,

Nat, Power & Light".....

134

National Supply Corp.

Hon. Mr. S. H. Dodwell,

381

New York Central

121

G. Miskiu, Esq.,

Niagara Hudson Power

K. S. Morrison, Esq.,

Hon. Mr. T. E. "Pearce,

-KARAORI

160

BOMBAY

N. American Aviation

137

683

North American Co.

141

Hon. Mr. A. I. Shielda, Sir Vaudeleur M. Grayburn,

GALOUTTA

AGENCIES:

Northern Pacific

231

Packard Motors

Chief Manager, VA PLACE

CLAVE STRAIT KUALA

SOURARATA

LUMPUR

ין

Atchison T. & 8. Fell

25-1

Paramount Pictures

114

May...................

911/911

901/901

14 off

On Baigon:-

Aviation Corp..

Pennsylvania, R.R.

241

*July

001,901

8817831

11 off

On demand

105

Baldwin Lecometive

141

Phillips Petroleum

Amoy

September

9017901

891/831

10 off

On Manka:

Baltimore & Ohlë

38...

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

201

Bangkok

Monday's sales-14,120,000 bushels..

On demand

48 1/2

Batavia-

Branches: Johore Kobe Kowloon

Rangoon Saigon San

CANTON CAWNPORI CENG COLOMBO DELHI

TALPING

EUOHING

TIENTSIN

MADRES

MANILA

TONGKÂM

(Bhukes)

MEDAN

TSINGTAO

Barnsdall Ou

Pure Oil

Bombay

Kuala

Francisco

HAIPHONG

On Bangkok:-

Bendix Aviation

34+

CHICAGO CORN'

Radio Corpn. of Am,

Calcutta

On demand

149 1/2

Lampur Bhanghai

Bethlehem Steel

751

May....

87/887

July

678/871

September

NEW YORK HIDES

673/671

667/681 67/87 673/671-

unch.

On Sterling. Notes:-

Reading Company,

Com

144

Canton.

London

Bliss Co.

-15)

Remington Arms Co., Inc.

51*

Chefoo

Lyon.

I of

Bank Buying Rate...

Now.

Boeing Airplane Co.

144

Republic Aviation Corp.

Colombu

Malacca Sungai

1 of

Bar Silver per 02.

23 1/2

Borg-Warner

Republic Steel

181

Dairen

Manila

June

September

14.10b/16a 13.75/75

.35 off

14:20b/25a 13.80/80

.40 off

"Total sales for the day:-213 contracts. NEW YORK COCOA

May

6.84 N

6.65 N

.01.up

NEW YORK SUGAR NO. 3

May

July

2.44b/45a" 2.44b/45a

01 up .01 of

2.43b/442

2.45b/46a

Volume of business done:-145. lots

NEW YORK SUGAR NO. 4

May July

75b/78a

751b/.761a .80b/.8ia .80b/.804a

001 up unch,

NEW YORK COPPER FUTURES

1/2.

July

11.35b/40a 11.30b/40a

.05 oft

MARKET

NEW YORK COTTONSEED OIL

Quiet.

July

8.595/60a 8.39/39. 34-3/4 34-3/4" 4.03-1/2. 4.03-1/2

.20 off

STERLING

Market Report

FROM ROZA BROS.

were

Wednesday, Apr. 9.

unchanged Silver prices yesterday, the quotations remain- ing at 23.1/2 for Ready and For- ward. Silver advices reported American Trade as having bought. American Silver was

343/4 for Spot,

The London/New York cross- Tate was quoted at 402.1/2. New York/London was quoted at 403.-

Briggs Mfg.

Reynold Tobac. "B"

Foochow "Muar

Patani Swatow

Budd M'facturing Corp.

Schenley Distillera

Haiphong

Bankow Mukden

Canadian Pacific R'way

Shell Union Oil

121

Harbin

Celanese

Socony-Vacunum Ou

Iloilo

Chesapeake & Ohlo

Southern Pashle

¡pob

Chrysler, Corpn.

614

Southern Rly $5. pfd.

227

Columbia Gas & Elec.......

Spleer Manufacturing Co.

327

Commercial Credit Co.

|Standard Brands

Com, & Southern (Ord.)

7/18

[Stand' Gas & 'Elec.

9/16

Consolidated Edison

201

| Standard OU of N.J.

quoted at:

Consolidated Oll

Studebaker Com,,

Copperweld Steel

154

Swift International

181

Curtiss Wright (C.)

Technicolor

Douglas Aircraft'

Texas Corpn.

374

Du Pont de Nemours

145

Trans-America Co.

TRUSTEE

and

Eagle Picher Lead

20th Cent, Fox.

Elec, Autolite

Union Bag & Paper Corp. 104.

Elec Bond & Share

Union Pacific

Elec. Bond & Share $5 pt:

United Aircraft

364

Elec. Bond & Share $8 pt.

631

United Airlines Trans

114

Elec. Power & Light $7 pf. Flintkote

334

United Corrin,

-121

United Corpn. $3 cum pf.

221

Gen. Electric

318

United Gas Improvement

Gen. Motors

U.S. Rubber

221

Gen. Railway Signat

124

U.S. Steel

537.

Gen. Tire & Rubber,

Variadium

25+

Goodrich (B.F.)

127

Vultee Aircraft

Goodyear Tire & Co. Great Northern Iron Ore Great Northern Rly, pfd,

$2,983,281.50

Walworth Co.

"53

Warner Bros. Pict

Westinghouse Elec...

Great Western Sugar Int Nickel

23+

Woodward Iron Cor.

272"

261..

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

121

Chase National Bank National City Bank. Libby. Monell & Libby

DOW JONES AVERAGE

Apr. 9, 1941, Apr. 7, High Low Close 123.64

Change

122.84 121.00 121,21

23.82

28.06 28.36 29.40

2.43 of .9% off

19.50

19.40 19.19 19.23%

.27 off

40-44

91.44.

63.39

.58 off .60 of Business Done:--740,000 shares

90.88

62.79

}

Branches and Agencies: ·

MOT

Kowloos

Penang

aris

Loudon

Hangoon

Bombay

Mandia

Balgon

Bwałow

Melbourse Gas Fran

Bydney

Vagsaka

Singapore

Bourabaya

Sakow Homalain

NY. Official Silver

NY.-London Cross Rate

AMERICAN

INDUSTRY

Continued from Page 9 Products and credits. This is not to say, of course, that transition From wartime to peacetime eco- nomy would be easy.

At this time a year ago, Ameri can business was on the verge of a let-down resulting from the too hasty expectations of a war boom, which in autumn had sent stock prices

boorning, and industrial purchasing agents hastly stocking materials

LONDON STOCK® EXCHANGE

"(REUTER'S, SERVICE)

London, April 8. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.

War Loan, 34% (Red,

after 1962)....... 104-9/10 Defence Loan, 3%

1014 Cantan-K'loon Bly. 5% 11 Chinese 41% Gold Lan 1898 (Brit. Issue). Chinese 5% Gold Bonds.

As the struggle in Europe deve- ped into what wiseacres began to call a "sit-down" war, and it 1925/41 became increasingly apparent that Chin. 44% Anglo-French

it was not going to follow the Loan, 1908 pattern of World War I, business Chinese 5% Crisp Loan. and markets faltered. Inventories

Steel pro-

1912

hastily bought in the autumn Chinese 5% Reorg. Loan, seemed burdensome.

1913 (Ldn. Is.) duction slackened by a third in a Chinese 8% Ster, Notes,

1825 (Vickers)".

tew weeks.

The German invasion of Den- Chin. Imperial Rly. 6%

mark and Norway last April was

but mildly startling) · There

talk of a spring pickup in busi-Bukuang Rly 5%, 1811...

༣ སྤུ་ ྴ༔c

མཐས་ལུ

It took the German invasion of Rly. 5% 1913 Holland and eglum in May to shai-N'Hing Rly. 5% ... shock America" into full realisa-Tentair-Pukow Rly. 5% *** tion of the gravity of the European

holocaust. Mild panic developed in Tientsin-Pukow Rly, 5%

(German Stpd)

experienced one of the most severe Tientsin-Pukow Rly. 6%..

speculative markets. The stock

No business was reported There were sellers at 1/3 up to: May. buyers at 1/3.1/32 for

any deli

verv:

U. S." DOLLARS

A small business was reported at 24.5/8 for near delivery. The market closed with 'sellers, at 24.- 9/10 for near, buyers at 24.11/18 for Cash,

SHANGHAI DOLLARS Opened with sellers at 460 but later business was done at 4611/4) and 461.1/2. The market closed with sellers at 461.1/ and prob- iable buyers at 462.

SHANGHAI MARKET Opened with sellers of Sterilng jab 3.1/4 and closed with sellers at 3.15/64 for Spot, US. Dollars opened with sellers.at 5.11/32 and closed with sellers at 5.5/18 for Spot,

Shanghai Exchange

Shanghal, Apr. 9 (Reuter).

Official T.T. Rates..

Opening

0/3-3/18 5-3/18 22

Closing 0/3-16/64

1940/41

High Low Dow Jones Averagea 16880 111.64 30. Industrials

32.67 29.15 20 Rails 26.45 18.03 20. Utilities 92.19 83.08 40

Bonds 64.07 48.74 11

Commodity Index

SILVER MARKET

LONDON SILVER London, Apr. 8 (Reuter). Suver Little trade buying satia- fled by Indian Government sales.

Spot, 23-1/2d.

Forward; 23-1/2d.

BOMBAY SILVER

Bombay, Apr. 8 (Reuter).

Market Steady. Offtake 100 bars.

LONDON METALS

EXCHANGE

London, Apr. 8 (Reuter). Ti Standard, Cash, Middle Price, £288-3/4,

Tin, Standard. 3 months, Middle Price, £285-7/8" |

Market quiet.

LONDON GOLD

8-10

London

New York

Loan

Гарал

was

Honan Rly, 6%

India

Paris

ness, and perhaps expanded allied

(LP. N/Y Issue)

Hongkong

-17-5/8 nominal 21-1/8

purchasing would help it.

Hukuang Riy, 5%, 1911

Sterling

«German Issue)

LOWLANDS ACTION SHOCK

Lung Tsing & ́U

Hai

Rellera

Indian Mint Silver

Opening

Ready

63-02

Spot

0/3-1/4

April 22 Settlement

63-03

Apr.

0/3-1/4

(Brit. Stpd.)

May

0/3-1/4

.0/3-15/84 9/3-15/64

May 21 Settlement

63-05

London, Apr. 8 (Renter). Bar Gold, Fine per oz., 163/-

U.S. Dollars

Spot... $-11/32

$5-5/18

Apr,

price declines, in Wall Street his tory. From May 19-to June 14, grain prices were pegged in the Chicago" pi

(Brit. Stpd. Supt. Loan) Tientsin-Pukow Riy. 5%

May

5-5/18

Ger. Stpd. Süp). Loan) Jap. 6% Ster. Loan; 1924

immediately appropriated, at Pre- sident. Roosevelt's request, $3,297,- 000,000, first of a series of record- breaking peacetime authorisations for arms.

But the prospect of greatly ex- Ger. 7% Intl. Loan, 1924 panded and accelerated defence Chartered Bank measures at home, and hastened HK. & Shal Bank Lán

Reg.) purchasing by Britain, quickly turned the tide. Congress almost RK. & Bhai Bank (Cöl

Fer) Chinese Eng. & Mining.

(bearer)...

23-261- 6

8-13/16

781

Calcat Exchange

15/-..

The volume of industrial pro-Fexin Syndicate. duction in the United States, ashal Elec. Constr. Co. measured by the Federal Reserve shal Waterworks "A" Board, had dropped 12 per cent. Union Insurance ...... -from-December to April. In May Gula Kalampong Rubber 14/9

and June, it rose 9 per cent.

|Lon. Mid. & Sept., Riy." 12}"

Chosen Corporation Mercantile Bank of In-

dia, £5, "G".

14/

100

1/8

India Rupee Paper

10/-

11.

Bombay, Apr: 8 (Reuter), Govt, 31% Rupee, 05-12-0.⠀ ⠀

(Johor) Tientsin

Tokyo New York Tsingtao Peiping Yokohama Penang

CURRENT ACCOUNTS opened

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for On Year or aborter periods in Losal os Other Currencies st rates, whiell will be quoted on application

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with 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 perioda in Local and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of

quoted on application.

SAFE DEPOSIT BOXES of various sizes to let...

EXECUTOR

business undertaken. Hongkong, 26th February, 1941) -

HONGKONG SAVINGS

BANK

The Business of the above Bank i.conducted by the BONGKONG & SHANGHAL. BANKING CO8 PORATION. Rules may be obtain

ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V." M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1990.

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

THE CHABE NATIONAL BANK, NEW YORK, with Resources of Over U.S.$3,800,000,000.

D. L. BALLANTYNE,

ARE

Manager.

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

W. H. EVANS THOMAS,

Manager.

BANK OF EAST ASIA, LIMITED

Authorised Capital... Paid-Up Capital Reserve and Undivided

Profits

.$10,000,000.00 5,593,600.00

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

Board of Director.

HON. SIR SHOUBON CHOW, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. Wong Tan Tong, Esq. Fang Ping Wah Esq. F. K. Kwok. Enq .... Wong Chu Son, Esq., Chan Ching Shok, Esq.

KAN TONG Po, Esq., Chief Manager HON. ME. LI THE FONG, Manager.

HAlphons

Kabe

cano da

New York'daniile Sandourer Paris

Pelplax

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 in Local and Foreign Our rencies on terms which will be quoted on application:

SAFE DEPOSIT Boxs To L

·KAN TONG⋅ PO,

Chief Manager.

5-11/32 5-5/18 5-11/32

Market:Quiet.

BUver Duty: Rate

The Central Bank of China's

rate on London at 10 a.. today was 1/2-1/2d-

The Equalisation rate was 244. per cent

Calcutta, Apr, 8 (Reuter). 7.I on Japan, 81-1/2

At last America was on the way Great Western Rly 321 to a full-fledged arms programme. National Bank of Judita 31 Congress was freely voting billions, B.-A Tob (beatery

Woolworths

47/3

| sfaraman Investments

8/97

58/11

Western Holdings ...

and business men who had com- Dunlop Rubber...

33/9

aub-Nigel

145/

plained of government spending Bristol Aeroplane

10/41

and high taxes, urged still more Imperial Chemical Ind. 29/9. taxes to make America strong. United Steel

(bearer).

4173

"21/6

Abid

WANT-ADS

Cheap!

INDO-CHINA

BANK OF CHINA

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

STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL $40,000,000,00

Operating Services for Cargo and Pamangers

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 landedi-

For further particulare

plesse apply to

JARDINE MATHESON&Co.Lt

TELEPHONTASOTINGENERAL MANAGERS.

(BRANCHES ALL OVER ORINA) Owing to our numerous Branches in Chins and connections in the principal Commercial Contres of the World, we are able to extend to our Clients special facilities for Domestic and Toreign Banking and Exchange.

Head Office:SHANGHAT

Hong Kong Branch

4 QUEEN'S ROAD, O

South China Officer.

CANTON

SWATOW

SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonda and other Fablic, Funds of the Chinese Government both at Home. and: Abroad

1941-04-10 — Page 10

Comments

Private Research Note