TUESDAY, APRIL 22," 1941.
BANKS
HÔNGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1889
Reserve Funds: Sterling
On Shanghai:—
On demand 2.
455
Close
On Singapore: -----
May
Closing 11.25/25 11.23/23.
PAGE 10-HONGKONG” DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 21, 1941.
On London:-
Telegraphic Transfer. 1/4 7/9 Bank Bills, on demand 1/3 7/8 Gredita 4 months' sight
NEW YORK COMMODITY MARKET.
(REUTER'S SEKVICE)
NEW YORK, April 19, 1941.
New York Cotton, May New York Rubber, May Chicago Wheat, May Chicago Corn, May New York Hides, June
NEW YORK COTTON
Frey Today's High Low Close Close Change 11.24 11.19 11.25 11.33 .03 ON 22.80 22.80 #2.78b "23.75b 03 of
901 891 90 901
up 67 871 671 671 + off 13.65 13:60 13.74. 13.62b .12 oft.
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE) APRIL 20, 1941.
83
STOCKS
Authorised Capital..... 850, 000, 000
STOCKH
Last Sale
Last Sale
Apr. 19
Adams Express
54
Alleghany Steel Co......
18+
Kentecott Copper Libbey-Owens-Ford
Apr. 19
32
6,500,000 Paid-Up Capital ...... £3,000,000 H.K. Currency Reserve $10,000,000 Reserve Fund
Reserve Liability of Pro- Reserve Liability of
Proprietors
..$30,000,000
prietors
£3,000,000
14
Glass 32
Allis Chalmers.
264
Lockheed Aircraft
192
Head Office:-HONG KONG
Change
Amer. Can
Loew's Inc........
.02 off
American Cyanamid B.
344
Martin, Glen L
251
On demand
52 3/1
July
11.20/20
11.18/18
`.02 off
Amer. & Foreign Power
Montgomery Ward
Board of Directors: Hon. Mr. J. J. Paterson,
32
On Japan:-
October
11.17/17
11.12/13
.05 off
Amer & Foreign $7 pf.
17
National Aviation
On demand ........
...... 1/12 1/2
December
11.17/17
11.11/13
.06 off
Amer, Locomotive
11
Nat, Dairy Products
On India:--
Telegraphic
Transfer.
82 6/8
and demand
January March Spot
11.14 N
11.09 N
.05 off
Amer. Metals Co.
16*
National Distillers
Chairman. W. H. Lock, Esq.,
Deputy Chairman.
11,16 N 11,45
11.32/12 11.43
04 off
Amer, Radiator
61
Nat, Power & Light
.02 of
Amer, Rolling Mil
121
National Supply Corp.
On New York:-
On Batavia:-
Bank Bils, on demand 24 1,18 Credits, 60 days' sight 24 13/16
Total sales Friday:-81,400 bales.
The First Notice Day for May Cotton is April 25 and date of delivery is May 1.
Amer. Sting and Ring Co. 34
New York Central
Amer, Sugar Refining
15
Niagara Hudson Power
Hon. Mr. S. II. Dodwell,,
Amer. Tel
Tel
1561
N. American Aviation
K. S. Morrison, Esq.,
Amer. Tobacco "B"
681
North American -Co.
134
On demand............
45.3/8
NEW YORK ROBBER
Amer. Waterworks
41"
Northern Pagine
B
On Paris:-
Anaconda, Copper
221
Packard Motors
27
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
On Saigon:-
May July
22.78b/80a 22.75b/80a
,03 of
Atchison, T. & 8. Fe.
244
Paramount Pictures
11t
(New contract)
21,80/80 21.86/86
06 up
Aviation Corp.
23
Pennsylvania R.R.
231
I
On demand
*****... 104 1/4
{
}
On Manila:-
On demand
48 1/8
On Bangkok:~
September ( December
Total sales for the day:-120 tons.
The First Notice Day for May rubber 1 April 29 and last trading day is May 27,
21.40/40
21.40/40
unch.
JOIS-LALAPA
Baldwin Lecometive
121
Phillips Petroleum
38
21.10/10
21.10b/15
unch.
Baltimore & Ohlu
32
Pullman Inc...................
Barnsdall ON
8.
Pure Ou
Amoy
Johore
Bendix Aviation
327
Rádio Corpa, of Am.
Bangkok
Kobe
J. K. Bonafield, Esq.,
A. E. Compton, Esq.," L. J. Davies, Esq.,
3. Miskin, Esq.,
Hon. Mr. T. E. Pearce, Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,
Chief. Manager.
Branches:
Rangoon Saigon
BOMBAY
ELANG
KOM Chay Saat KUALA
AMRITSAR
BANGKOK
BATAVIA
£3,000,00 HEAD OFFICE: LONDON: 38, Bishopagate E.0.1. Sub-Agencles In London:
117/192, Leadenhall Street, E,C.
West End Branch: 14/18, Cockspar Street, S.WI
Manchester Branch; ·
63, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES:
ALOR STAB
HONG KONG PENANG KLOTLA
CALCUTTA
AGENCIES:
BANGOON
IPOK
BAIGON
KARACHI
BRAMBAN
SHANGHAI
SINGAPORE
SITIAWAN
BARRIS PLACE
SOURABAYA
LUMFUE
Batavia
Kowloon Sau
CANTON CAWNPORE
CEBU COLOMBO DELHI
TAIPING
KUCHING
TEENESIN
MADRAS
TONOKAZ
[
MANILA
(Bhuket)
YNDAR
TSINOTAU
Bethlehem Steel
601
Reading Company,
Com
134*
Bombay
Kuala
Francisco
On demand
........................ 148 1/2
Bliss Co.
14)
CHICAGO WHEAT
Remington Arms Co., Inc.
47
Calcutt
Lumpur Shangbai
Dn Sterling Notes:
Boeing Airplane Co.
127
Republic Aviation Corp."..
32
Canton
London
Singapore
Bank Buying Rate
Nom.
May
*90/90
901/901
} tip
Borg-Warner
16
Républic Steel
173
Chefoo
Lyons
Sourabaya
Bar Bilyer per oz.
23 1/2
July
289/897
884/881
unch.
Briggs Mig.
19
Reynold Tobac. "E"
31
Colombo
Malacca
Sungei
September
69/89+
89/891
unch.
Budd M'facturing Corp.
3
Schenley Distillera
82
Dairen
Manila
Friday's sales:-13,827,000 bushels.
Canadian Pacific R'way ...
33
Shell Union Oil
12)
Poochow Muar
Patani Swatow
CHICAGO CORN
Celanese......
201
Socony-Vacunum Ol
Chesapeake & Ohlp
87
Southern Pacific
Hankow
May "July
678/671
881/081
September
681/68+
671/871 68/68 681/881
off
Harbin
Chrysler Corpn.
57t
Southem Rly $5 pfd.
iloilo
off
Columbia" Gas & Elec.
3
Spicer Manufacturing Co. 291*
(pob
unch.
Commercial Credit Co.
-25+
Standard Brands
and. Forward,
was unquoted.
American
Silver
NEW YORK HIDES
June
Com, & Southern (Ord.)
02
Stand Gas & Elec,
September
13.74/74 13.81/81
13.62b/63a 13.726/73a
.12 off .09 off
'Consolidated Edison
19+
Standard Oll of NJ.
35
Consolidated O1 ......
51.
Studebaker Com...
5+
Copperweld" Steel
13
Swift "International
171
Curtiss Wright (C.)
71"
Technicolor
8#
Douglas Aircraft
65
Texas Corp
361
May
7,23 N
7.18 N
07 of
Du Pont de Nemours une
140
Trans-America Co.
Eagle Picher. Lead
72
20th Cent. Fox
54
various siras to let
Elec. Autolite
251
Union Bag & Paper Corp. 108
Quiet.
Bec. Bond & Share
21
Union Pacific
761
Elec. Bend & Share $5 pf.
594
United Aircraft
342
TRUSTEE and EXECUTOR business undertaken. Hongkong. 28th February, 1941. -
Haiphong" (Jobore) Tientsin
Mukden Tokyo
New York Tsingtao Peiping Yokohama Penang
CURRENT ACCOUNTS opened
NAW YORK PRIFING
BANKOW (Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPOSITS received for One Year or shorter periods in: Local of Other Currencies at rates whiel " 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 sherter periods in Local and Other undertaker Executor and Trustee Currencies on terms which will be business, and claims recovery of
quoted on application.
British Inecme Tax overpaid, on
SAFE DEPOSIT BOXES of terus which may be ascertained at
any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
HAIPHONG
ΤΟΚΟΠΑΜΙ
HAMBURG
July
238b/99a 2.43b/448 2,40b/41a 2.44b/45a
.05 up 04 up
Mec. Bond & Share #8 pf.
00
| United Airlines Tran
11
Mec. Power & Light $7 pf.
30
United Corpn.
011/18
mintkote...
121*
United Corp. $3 cum pf.
20
Gen." Electric
291
United Gas Improvement 7
HONGKONG SAVINGS
BANK
U. 5. DOLLARS
Gen. Motors
381
US. Rubber
201
BANK OF EAST ASIA, LIMITED
May
July
70b/.791a 82b/.82a
774b/.79ká 1f of 81b/.82a 01 off
Gen. Rallway Bignal, Gen. Tire & Rubber... Goodrich (B.F.) ...... Goodyear Tire & Co. Great Northern Iron Ore Great Northern Rly, pid.
11j
US, Steel
501
The Business of the above Bank
10
Vanadium
231
is conducted by the BONGKONG |
11+
Vultee Aircraft
17
Walworth Co.
ed on application.
13+
Warner Bros. Pict.
23+
Westinghouse Elec,
881
Great Western Sugar
24
Woodward Iron Cor.
Int Nickel
254
Chase National Bank
292*
NEW YORK COPPER FUTURES
July
Inter. Paper & Power
13
National City Bank
11.45b
11.45b/52a
unch.
Int. Tel. Tel.
2*
Libby. Monefil & Libby
NEW YORK COTTONSEED ON
"July
Johnsman
541
N.Y, Official Silver N.Y.-London Cross Rate
9.12/12 34-3/4 4.01
9.03/05 unquoted 4.01-1/4
.09 off
DOW JONES AVERAGE
JA
Apr. 20, 1941.
Apr. 18, High Low Close
116.28
118.44 115.80 118.15
Change .13 off
Rails
27.76.
27.79 27.48 27.72
.03 off
Utilities
18.12
18.21 18.10 18.17
.03 up
Bonds". Commodity Index
90.80
63.30
90.57 83.97
Market Report
FROM ROZA BROS.
Monday, Apr. 21.
unchanged
Silver prices were
over the week-end, the quotations remaining at 23.1/2 for both Ready
The London New York CROSS- ratc, was quoted at 402.1/2. New York/London was quoted at 401- 1/4
MARKET
STERLING
No business was reported. There were scilers at 1/3 up to June, buyers at 1/3.1/32 for any aculvery.
Total sales for the day:-72 lota. NEW YORK COCOA
The First Notice Day for May cocoa is April 24 and the last trading day is May 22, NEW YORK SUGAR NO. 3
May...
Volume of business done:-151 lots. -. The First Notice Day for No. 3 Sugar Is April 24 and the last trading day is May 23. Quiet. There were sellers at 24.3/8, buyers at 24.7/16 for Cath.NEW YORK SUGAR NO, 4.
SHANGHAI DOLLARS
Business was done early in the morning at 486.1/2. The market closed at 1 pm. with sellers at 466, buyers probably at 488.1/4
SHANGHAI MARKET Sterling opened with sellers at cased off to 3.7/32 and then 3.13/84. The market closed with sellers at 3.7/32 for Spot.
U, S. Dollars opened with sellers at 5.1/4 for then dropped to 5.7/32. At the close" there were sellers at 5.1/4 for Spot. Quiet..
AFTERNOON MARKET
Quiet.
STERLING
The market closed with sellers
at 1/8 up to June, buyers at 1/3-
1/32 for any delivery..
U. S.. DOLLARS
Some business was done 243/8 for Cash The market closed
with seller at 24.5/10. buyers at 243/8 for Cash.
SHANGHAI DOLLARS
Opened sellers at 466.1/4 but closed probable sellers at 470.
this afternoon
SHANGHAI MARKET
Opened
Volume of business done:-54 lots. The First Notice Day for No. 4 Sugar is April 17 and the last trading day 19 May 1.
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
FUKIEN TRADE
POLICY
Trading
FOOCHOW, April 21 (Central)— London, April 18. The Fukten Provincial The following quotations are the Company has announced a change middle prices at the close of the in its business policy whereby market in London. All quotations merchants are allowed to freely are subject to confirmation and no trade in all commodities other responsibility is assumed for errors than tea and tung of now under in "transmission.
national control and matches un- der provincial control,
£
with with
War Loan, 31% (Red,
after 1962) Defence Loan, 3%
1031
1014
Janton-Kloon Rly. 5% Chinese 41% Gold Iwan
10
39
38
40
22
this afternoon with sellers of Sterling at 3.7/32 and closed easy at 3.3/16 for Spot US Dollars opened with sellers at 5.1/4 and closed, easier with sellers at 6.3/18 for Spot,
H.K. Stock Exchange
1898 (Brit. Issue ...... Chinese 5% Gold Bonda,
1925/47 Chin. 41% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan.
1912 Chinese 5% Reorg. Loan.
1913 (Ldn. Is.) Chinese 8% Ster. Notes,
1925 (Vickers) Chin. Imperial Rly, 5%
Loan
Nothing of interest transpired Honan Rly 5%...
during the day.
BUYERS
Bank of East Asia, $70, Indo-Chines (Pret.), $80)
Wharves, $85.50.
Humphreys, $6.80.
Trams, $18.
Lights (O), $6,
Lights Rts., 50 cta. Macao Electries (O), $11 Macao Electrics (N), SELLERS
HK Banks, $1349. Union. Ins., $430. Trams, $18.25, Lights (0), $8.20. Lights Rts., 80 cts. Cements X.D. $15.50.
SALES
H.K. Banka - $1340," Union Ins.. $425, Lights Rts., 50 cts.
Bukuang Rly. 5%, 1911...
(L.P. N/Y Issue) : Rukuang Rly. 5%, 1911
(German Issue)
Lung Teing & Hai
Riy, 6% 191S
8-10
རྒྱུས སུ བྱ
13
Tientsin-Pukow Rly. 5%
[German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan) 11 Tientain-Pukow Rly. 5%.
(Ger, Stpd. Bupl, Loan) 11"
It is learned that the National Government authorities in control of tea are planning to purchase 100,000 boxes of tea produced in Fuklen. The provincial authorities nave instructed the tea planters to improve the quailty of their pro- duct to facilitate export.
The price of tung oil in Fukien nas been raised to $165. per picul to encourage production.
A report states that the puppet Chamber of Commerce in Amoy now under Japanese occupation has urged the dealers in rice, wheat, flour and other articles to
form a so-called South Seas Trad-1 ing Company
Mercantile Bank of In-
1940/41
High Low Dow Jones Averages 132.80 111.64 30 Industrials.
32.67, 22.15 20
26.45 18.03 20 92.19 83.08 40 84,07 48.74 11
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Tranzuoted on Monday, April 21, 1941. SALES
China Lights Rts....... 1,750 Canton Ices
300 H.K. Electried (0) XR. 50 300 H.K. Tramways
2.400
The total value is $7,205.00.
*.03 off na off Business Done:~230,000 shares*******
CHEESE FACTORY
ACT
11-
SHANGHAI BANKING COR- Authorised Capital......$10,000,000.00 PORATION. Rules may be obtain- Paid-Up Capital 5,598,600,00
For the HONGKONG & SHANGHAI
BANZING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1930.
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
Reserve and Undivided
Profits....
..0,883,281,50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director.
HON. SIR SHOTSON Crow, Chairman Lá Koon Chun, Esq. Li Lan Bang, Eng. P. K. Kwak, Eq Wong Chu Son, Raq. Wong Yun Tong, Esq. Fung Ping Wah E. Chan Ching Shot, Baq,
KAN TONG PO, Esa, Chief Manager HON. MR. LI T88 FONG, Manager,
Branches and Agencies:
Amoy
ris
Bombay
Soula Haiphong Habkow
Honolulu
Kabe
Kowloon Penang Singapore London
Kanila Melbourne
Nagaks New York Pactr
Pelping
Hanroon Baigua Barstow San Fran- Sydney
cisco Tientila
Sourabaya
Beattle
Bemarang
Shanghai
Vancouver
This Bank is entirely owned by Exchange business transacted. Loans Every description of Banking and THE CHABE NATIONAL BANK, granted on approved securities
NEW Yonx, with 'Resources of
of
over U.8.$3,800,000,000.
D. L. BALLANTYNE,
The Cheese and Cheese Factory Improvement Act provides sistance in four ways-financial assistance towards the cost of in- $ 0.50sulating" or insulating and re-
0.75 frigerating ripening TOOMS 25.50 cheese factories, towards the cost 16.10 of standardizing the diameter of cheese pressing equipment, towards the cost of amalgamating existing factories, and payment of pre- mlums on account of the produc
ton of cheese of high quality.
SIKONG RESOURCES CHUNGKING, April 21 (Central) -The Executive Yuan will shortly natural resources örganise a group of overseas Chi-potențialities there. nese industrialists and financiers will leave Chungking in the ban for a tour to Bikong to inspect theginning of June.
and économic The party
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one" year of shorter Manager, periods in Local and Foreign Our rencies on terms which will be quoted on application.
WANT-ADS Cheap!
INDO-CHINA
SATE DEPOSIT Boxes To Lat.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
"Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGÉ
BANK
STEAM NAVIGATION COMPANY LTD PAID UP CAPITAL 340,000,000,00
Operating Services for Cargo and Passengers
SWATOW, SHANGHAL, TRINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concassion at
TO-
dia, £5,"G"
10
101
Pekin Byndicate......
1/8
S'hal-N'King Fly, 5%
14
B'hai Elec. Constr. Co.
10/-
Tientsin-Pukow Rly, 5%
(Brit. Stpd.)
Bhai Waterworks "A" ... 111
11
Union Insurance
11
Gula Kalumpong Rubber 15/- Lon., Mid, & Scot, Rly. 111 Great Western Rly....... 314 National Bank of India 304 B.-A, Tob (bearer)
83/11
Dunlop Rubber ...
32/9
Bristol Aeroplane
10/3
Imperial Chemical Ind. 29/6
United steel ......
21/3
Woolworths
46/3
Maraman Investments
8/3
HK. & Shai Bank (Col.
Peg) Chinese Eng- & Mining:
Western Holdings
0/4
784
Bub-Nigel
142/8
Shell
Tranz. &Trad."
14/
(bearer)
41-
****40/7
div.
Jap: 6% Bter. Loan, 1924 20.
Ger, 7% Intl, Loan, 1924 8 Uhartered Bank
HK, £ 6'bal Bank (Lân
Reg.)ani
(bearer) Chosen Corporation
曙
-bia
Shanghai, where passengers and cargo are landed.
For further particulara
please apply to
JARDINE MATHESON&Co.,LTI TELEPHONE ZOXILIGENERAL MANAGERS ·
(BRANCHES ÁLL ÖVER 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 Branchs
4, QUEEN'S ROAD, C. South China Offices.
CANTON
SWATOW
SHIUCHOW
KONGMOON TOISHAN KINGOHOW
We also handle the imiue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
-Manager.
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Private notes are available after approval.