1941-04-23 — Page 10

On demand

On Singapore:-----

On demand

On Japan:-"

On demand

On India:-

Telegraphic and demand

On New York:-

Bank Bills, on demand 24 Credits, 60 days' sight 24 3/4 "On Batavia :--

On demand On Paris:-

Bank Bills, on demand No. Credits 4 months' sight Nooi.

On demand

On Manila:-

On demand

On Bangkok:--

On demand On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz .....

WEDNESDAY, APRIL 23, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

NEW YORK, April 21, 1941.

qu London:-

Telegraphic

8 8 8 8 8 8 8 8 8 8 8

Transfer, 1/2 7/8 Bank Bills, on demand 1/8 7/8 Credits 4 months' aight On Shanghai:—

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

High Low

11.29 11.19

901

671

89* 673

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGETM

CLOSING QUOTATIONS

APRIL 22, 1941.

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

QUOTATION (REUTER'S SERVICE)

APRIL 22, 1941 1

Last Sale

STOCKS

NEW

YORK STOCK EXCHANGE

BANKING CORPORATION

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

Prev, Today's

Close Close Change, 11.23 11.27 .04. up 22.75b 22.08.06 up

903 901

off 674 871b

STOCKS

i off

April 21

13.76

13.66

13.62b 13.75.13 up

Adams Express

51

Kennecott Copper

Last Sale ** April 21

32

...$20,000,000

H.K. Currency Reserve $10,000,000 Reserve Fund

Reserve Liability of Pro- Reserve Liability of

prietors... Proprietors

INDIA, AUSTRALIA AND CHINA Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1856

Reserve Funds: Sterling

£ 6,300,000 Paid-Up Capital ........

:1

£3,000,000 £3,000,000

..£3,000,000

Close Closing

Change

Alleghany Steel Co.

181

Libbey-Owens-Ford Glass 32

Head Office:-HONG KONG

**** 460

52 374

May July

11.23/23

11.27/27

.04 up

Allis Chalmers .. Amer. Can

Lockheed Aircraft

261

191

Loew's Inc.

31.18/18

11.23/23

.06 up

834

291

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

October

11.12/12

11.17/17

05.up

American Cyanamid B.

Martin, Glen L......

344

251

Amer. & Foreign Power

to

Montgomery Ward

33

***** 102 -1/3

December

January

11.11/13

11.15 N

.04 up

W. H. Lock, Esq.,

11.09 N.

11.11/11

.02 up

Amer

Foreign $ pf.

171

National Aviation

7:

-

Transfer.

82 6/8

March Spot .....

11.12/12 11.43

11.14/14 11,47

02 up

Amer. Locomotive

104

Nat Dairy Products

Chairman.

Deputy Chairman,

.04 up

Amer, Metals" Co. "...................

16"

National Distillers

Amer Radiator

6

Nat, Power & Light

J. K. Bousfeld, Esq., A. H. Compton, Esq.,

Total sales Saturday:-48,500 bales. The First Notice Day for May Cotton is April 25 and date of delivery is May 1 NEW YORK RUBBER

L J. Davies, Esq.,

Amer. Rolling Mill

124

National Supply Corp.........

Hon. Mr. S. H. Dodwell,

Amer, Sting and Ring Co.

347

New York Cential ................

11

G: Miskin, Esq.,.

Amer. Sugar Refining

161

Niagara Hudson Power

D

K. S. Marrizon, Esq.,

Amer. Tel, & Tel

1561

May

July (New contract) September ( December

>

On Balgon:-

22.75b/80s 22.80 N

21,90/80 21,86 88 21.40/40. 21,45b/48 21.10b/15a 21.15 N } ( Total sales for the day:-1,040 tons.

.05 up

Amer. Tobacco "B"

68+

.04 up

Amer. Waterworks

+

N. American Aviation North American Co. Northern Pacific

131

5t

.05 up

Anaconda Copper

23

Packard Motors

24

.05 up

Atchison, T. & 3. F

251

Paramount Pictures

il

J

104

The First Notice Day, for May rubber is April 29 and last trading day is May 27.

Aviation Corp. .

23

Pennsylvania R.R.

..237

Baldwin Lecometive

12"

Phillips Petroleum

38

Baltimore & Oble

34

Pullman Inc......

231

Amoy

Branches:

Johore

Bangkok Kobe

Hon. Mr. T. E. Pearce,

Hon. Mr. A. L Shield, Sir Vandeleur M. Grayburn,

Chief Manager.

Rangoon Saizon

AGENCIES:

OLATE SET KUALA

FAIRLIK PLACE CANTON

ΟΙ ΦΕΡΟΕΣ CEED COLOMBO

AMBITHAR

BANGKOK

BATAVIA

BOMBAT

CALOUTTA

HEAD OFFICE:. LONDON:

38, Bishopsgate E.C.2.

Sab-Agencies In. London: 117/122, Leadenhall Street, E.C.a.· ̈

West End Branch:

14/16, Cockspur Street, S. W 1 Manchester Branch: 52, Mosley Street, Manchester, &

AGENCIES AND BRANCEFS

ALOR STAR

BONG KONG PENANG

ΙΣΟΣΤΟ IPOH

1

RANGOON

SAIGON

KARACHT

KLANG

KOBB

BEREMBAN

SHANGHAI

*BINGAPORE

SITIAWAN

SOURABAYA

LUMPUR

TAIPING

KUOKING

TIENTSIN

MADHAR

TONGKAI

MANILA

(Bhuket)

48

CHICAGO WHEAT

Barnsdall OL

81

Pure Oll

7.

Hatavia

Kowloon S&A

DELHI HAIPHONO

MEDAN

THINGTAG

May

901/901.

901/904

off

Bendix Aviation

32

Radio Corpn. of Am.

37

Bombay

Kuala

Francisco

149 1/2

July

882/821

88/88

off

Bethlehem Sterl

69

Reading Company,

Com

132

Calcutta Lumpur

Shanghai

September

89/891

854/881

A off

Bliss & Co.

14/

Remington Arms Co., Inc.

47*

Canton

London

Singapore

Non 23 1/2

Saturday's sales:-8,790,000 bushels.

Boeing Airplane Co.

121

Republic Aviation Corp.

31

Chetco

"LYDBL

CHICAGO CORN

Borg-Warner

16

Republic Steel

17"

Colombo

Malacca

Sourabaya Sungai

May

671/87

67jb

+ OT

Briggs Mfg.

182

Reynold Tobac. "B"

30%

Dairen Manils

July

63/68

6812

up

Budd M'facturing Corp.

31

Schenley Distillers

Foochow

Musz

81

September

681/681

691b

oft

Canadian Pacific R'way

34

Shell Union Oil

124

Haiphong

Bankow

Mukden Tokyo

Celanese

20

Socony-Vacunum où

81

Harbin

Chesapeake & Ohio

374

Southern Pacific

91

Iloilo "Peiping Yokohama

New York Tsingtao

September

13.62b/83a 13.75/75 ...... 13.728/73a 13.83/83 Total sales for the day:-78 lots.

NEW YORK COCOA

.13 up

Chrysler Corpn.

57

Southern Rly 35 pfd.

Ipob Penang

11 up

Columbia Gas & Elec.

3

Spicer Manufacturing Co. 29

Commercial Credit Co. Com, & Southern (Ord.)

244

Standard Brands

Stand Gas & Elec.

01

"

May

7.16 N

7.16 N

-.01 off

Consolidated Edison

197

Standard Ou of NJ.

354

Consolidated 011

51"

Studebaker Com,

5

Copperweld Steel

13

Swift International

17 Y

Ourtiss Wright (C.)

71

Technicolor

81

May July

2.43b/44a 2.45b/48a 2.44b/45a 2,46b/47a

102 up 02 up

Douglas Aircraft ... Du Pont de Nemours

844

Texas Corpn.

361

140)

Trans-America Co,

41

Volume of businesa dorte:---570 lots. The First Notice Day for No. 3 Sugar is April 24 and the last trading day 19 May 23.

Eagle Picher Lead

74*

20th Cent. Fox.

51

TRUSTEE

Elec. Autolite

251

Union Bag & Paper Corp. 101

business undertaken.

Elec Bond & Share .........

21

Union Pacific

761

MARKET

NEW YORK SUGAR NO." 4

Elec. Bond & Share $5 pt.

5441

United Aircraft

344

May July

77b/794a 774b/.79a 81b/.82a .81b/.82a

Elec Bond & Share $6 pt.

581

United Alines Trans

102

unch.

Elec. Power & Light $7 pf.

314

United Corpn.

011/16

Flintkote

12}

United Corpn. $3 eun pi.

201

Patani Swatow

(Johora) Tientsin

(Peking)

FOREIGN EXCHANGI and General Hanking Business transacted.

CCARENT Accourrs opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates whic 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 The Bank's Head Office in London sherter periods in Local and Other undertakes Executor and Trustee Currencies on terins which will be business, and "claims recovery of quoted on application:

British Income Tax overpaid, on

SAFE DEPOSIT BOXES of terms which may be ascertained at various sizes to let.

any of the Agencies and Brauches.

W. H. EVANS THOMAS,

Manager,

and EXECUTOR

Hongkong, 26th February, 1941.

HONGKONG SAVINGS

BANK

HAMBURG HANEOW

NEW YORK PHIPING

YOKOHAMA

Gen. Electric

30

United Gas Improvement

61

- BANK OF EAST ASIA,

LIMITED

Gen Motors

377

U.8. Rubber

201

The Business of the above Bank)

Gen. Railway Signal.

112

U.S. Steel

507

is conducted by the, BONGKONG

& SHANGHAI BANKING COB Authorised Capital..

$10,000,000.00

11.45b/52a 11.48b/55a

.03 up

Gen. Tire & Rubber

10

Vanadium

231

Goodrich (B.F.)

117

Vuitee Atreraft

ed on application.

9.03/05

9.22/22

.19 ap

Goodyear Tire & Co.

161

Walworth Co.

Great Northern Iron Ore

134*

Warner Bros. Pict.

BANKING CORPORATION.

إلا

Great Northern Rly, píd.

234

Westinghouse Elec.

88+

9.22/25

9.20/20

.02 off

Great Western Sugar

214

Woodward Iron Cor.

251

int Nickel

271

Chase National Bank

294*

6.56/56

NY. Official Silver N.Y.-London Cross Rate

6.58b/80a unquoted 34-3/4 4.01-1/4

.02 up

Inter. Paper & Power

13

National City Bank

251*

4.02-3/4

Int. Tel. Johnsman

Tel.

2

Libby. Moneill & Libby

51.

551

DOW JONES AVERAGE

I

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

1940/41 -

Bligh

Apr. 22, 1941.

London, April 21. | (bearer)

Chosen Corporation

Low Dow Jones Averages

Industrials 162.80 111.64 30 32.07. 22.15 20 26.45 18.03 20 92.19 83.06 40 04.07 48.74 11

Apr. 19, High Low Close 118,18

116.39 115.49 11.06

Change Coff

Raila Utilities

27.72

27.87 27.66 27.77

05' up

18.17.

18.24 18.00 18.10.

Boods

Commodity Index

90.07 63.27

$0.52 63.23 Business Done: 430,000 shares

.07 of ,00 off .02 of

PORATION. Rules may be obtain- Paid-Up Capital 5,598,800.00

For the HONGKONG. & SHANGHAI

V. M. GRAYBURN,

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

THE CHASE BANK

is, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

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

Board of Director.

KON. SIR SHOUSON CHOW, Chairman Li Koon Chan. End Li Lan Saug, Eag P. E. Krok. Eng. Wong Cha Son, Esq. Wong Yan Tong: Est. Fang Ping Wab Esy-

Chan Ching Shok, Esq.

KAN TONO PO, Esq., Chief Manager HON. MR. LI TSE FOND, Manager

Branches and Agencies:

18, PINE STEBET.

NEW YORK. "An American Bank offering com-

plete Foreign Banking Service Amay in the principal Markets of the Bombay world.

Interest Rates on Application,

Разме

Reserve and Undivided

Profita

....2,083, 201.50

Bataviz

Kowloon

Hadiroon Loudon

Singapor

Bourabaya

Manila

Safgen

Bwatow

Daloutta

Inphoog

Badkow

Honolulu Eove

Priping

Bemarang

Shangbai

Melbourne San Fran. Sydney Nagaka

aises Tienin

New York, Beattle Trucqarr Parla

Market Report

FROM ROZA BROS.

Tuesday, Apr, 22. Silver prices were unchanged yesterday, the quotations remain

og at 23.1/2 for both Ready and Forward. Silver advices reported the markets as being steady with

little trade buying. American Silver, was quoted at 34.3/4 for Spot.

NEW YORK HIDES

June

The First Notice Day for May cocoa Is April 24 and the last trading day 19 May 22.

* NEW YORK SUGAR NO. 3

The London/New York cross- New rate was quoted at 402.1/2. York/London "was quoted at 402.- 3/4

Quiet.

STERLING

There were Nothing doing. Bellers at 1/3 up to June, buyers at 1/3.1/32 for any delivery.

U. S. DOLLARS

Business was done during the ccurse of the morning at 24.3/8 for Cash. The market closed at 1 p.m. with sellers at 24.5/16 T near and probably forward, buyers al 24.3/8 for Cash.

SHANGHAI DOLLARS Opened with sellers at 470.1/2 with business done subsequently: at 473 followed by transactions at 472. The market closed at 1 p.m. with sellers at 472, buyers, at 472.- 3/4 for Spot.

SHANGHAI MARKET Erratic. Sterling opened with sellers at 3.3/16 and then dropped the At the close 3.11/64

market was easier at 3.5/32 for Spot. U. S. Dollars opened with sellers at 53/16 and closed with sellers at 5.1/8 for Spot.

AFTERNOON MARKET

Quiet.

STERLING The market closed with sellers at 1/3 up to June, buyers at 1.3.1/32 for any delivery.

U. S. DOLLARS Business was done at 243/8 for Cash and May. The market closed with small sellers at 24.3/8. buyers at 24.7/16 for Cash.

Volume of business done:-33 lots.. The Last trading day for No. 4 Sugar is May 1. NEW YORK COPPER FUTURES

July

NEW YORK COTTONSEED OIL

July

NEW YORK LEAD..

September

NEW YORK BLACK PEPPER

July

The following quotations are the middle prices at the close of the Mercantile Bank of In- market in London. All quotations dia, £5, "a"

are subject to confirmation and noPekin Syndicate..... responsibility is assumed for errors 8'hal Elec. Constr. Co. in transmission.

War Loan, 34% - (Red,

after 1962)

SHANGHAI DOLLARS Business was done this after- noon at 472, At the close there Chinese 5% Crisp Loan. were sellers at 470.1/2. buyers at 471.1/4.

1812 Chinese 5 Reorg. Loan.

1913 (Ldn. 15.) Chinese 8% Ster. Notes,

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

14/-

4/-

101

1/

£

S'hai Waterworks "A" ... Union Insurance ... Gula Kalumpong Rubber 157- Lon., Mid, & Scot., Rly 114

16/- 15 22

SILVER MARKET

E

1031

Defence Loan, 3%... Janton-Kloon Ply. 5% Chinese 41% Gold Loan

Great Western Rly.

314

1013

National Bank of India 307

10

B.-A. Tob. (bearer)

83/14

1898 (Brit. Issue). Chinese 6% Gold Bonds.

1925/47........

39

Dunlop Rubber

32/8

Bristol Aeroplane.......

107

38

Imperial Chemical Ind. 29

.

Chin, 41% Anglo-French

Loan, 1908

United Steel

21/11

Woolworths

48/3.

40

Maramian Investmenta

8/3

22

Western Holdings

9/41.

Bub-Nigel

142/6

Indian Mint Silver

Shell Tran 2 Trad.

28+

Ready

62-15.

(bearer)

40/71

May 21 Settlement

63-00

" 8-10

*--bid

ex do

June 20 Settlement

83-02

Lokn Honen Rly, 5% Hukuang Rly. 5%, 1911...

(LP. N/Y Issue)

48 12

13

Eukuang Rly, 5%, 1911

German Issue) Lung Tsing & U. "Hal

Rly. 5% 1913

104

Bhai-N'King Rly. 5%....

14

Opening

London

0/3-1/8

New York ....

6-1/18

Japan

21-1/2

India

Paris

Hongkong

17-1/4 nomina! 20-3/4

Tientsin-Fukow Rly, 5%

(Brit. Stpd.). Tientsin-Pakow Rly. 5%

German Sipd.) Tientsin-Pukow Rly. 5%

Operating Services for Cargo and Passengers

11

TO-

11

and TIENTSIN

11

Sellers

ཌ ཡ ཻ་

SHANGHAI MARKET Sterling opened with sellers at 3.6/32 and closed a shade steadier at 5.11/64 for Spot. U. 8. Dollars opened with sellers at 5.1/8 and closed with sellers at 5.5/32 for Spot.

Shanghai Exchange

Sterling

Opening Closing

0/3-11/64

Spot 0/3-5/32

Brit. Stpd. Eupl. Loan) Tientsin-Pukow Rly. 5%

(Ger. Stpd, Supl. Loan) 11

Jap. 5% Ster. Loan, 1924 22+ Ger, 7% Intl. Loan, 1924 Chartered Bank

! 8

Apr.

0/3-5/32

0/3-11/64

May

0/3-5/32

0/3-11/64

H.K. & S'hai Bank (Ldn

Reg.)

73

U.S. Dollars

Spot

Apr:

$5-1/8 55-5/32 $5-1/8 $5-5/32 $5-1/8 $5-5/32

H.K. & Shai Bank (Col.

Peg) Chinese Eng. & Mining

784

India Rupee Paper

May

Market!--Quiet,

Calcutta Exchange

Calcutta, Apr, 21 (Reuter). TT on Japan. 81-1/2

Bombay, Apr. 21 (Reuter). Govt. 34% Rupce, 95-02-0.

LONDON SILVER. London, Apr. 21 (Reuter). Sliver-Little trade buying and production selling. Market steady. In the afternoon, the market was steady with no business.

Spot, 23-1/2d:

Forward, 23-1/24.

BOMBAY SILVER

Bombay, Apr. 21 (Reuter). Market-Quiet but steady, Off- take 100 bars.

LONDON STOCK EXCHANGE

LONDON, Apr. 2 (Reuter) With operators very cautious, & minimum of movement

occurred

on the Stock Exchange yesterday, but on the whole the prices were well maintained,

for

Te-

There was some support gilt-edged securities, which

advances. Indus- corded small trials

were occasionally

chiefly the heavy stocks.

lower,

Oli shares were irregular and Kaffir were steady after early Cape selling.

Wall Street was quiet

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

SWATOW, SHANGHAI, TSINGTAU, CHEFÒO „

KOBE and

OSAKA

แ

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.

For further particulars

please apply to-

JARDINE MATHESON&Co.,LTD. TELEPHONE KOXIEM GENERAL MANAGERS-

SAFE DEPOSIT BOXES

Every description of Banking,and

This Bank is entirely owned by Exchange business transacted. Loani THE CHASS NATIONAL BANK, granted on approved securities.

NEW YORK, with Resources of

v.

over. U.S.$3,800,000,000.

D. L. BALLANTYNE,

оде уст

Current Accounts opened in Local Currency and Fixed Deposits re- ceived for

Or aborter Manager periode in Local and Foreign Car rencies on terms which will be quoted on application.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office:-15, Gracechurch Street, London, ECa

Authorised Capital Subscribed Capital. Paid-up Capital

Moverre Fund and Rust,

BANKERS:

SAFE EPOSIT Boxca-To LET.

KAN TONG PO,

Chief Manager.

23,000,000

21,800,000

21,060,000

€1,264,639

BANK OF CHINA

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Kui Trengganu Madras New York..

Bangkok

ipch

Bombay

Oncerta

Xcantan

Co.crabo

Kandy

Penang

Dalbi

Kenchl

Bangoon

Galle

Kota Bharu

Bhanghai

floerkong

Kuala Lipin

Biral

HowTab

Kuala Lumpur

Вівтарог

HONG KONG BRANCH:

Every description of Banking and Exchange busic transacted.

Specially Chartered by

THE NATIONAL GOVERNMENT, OF CHINA AB AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00. (BRANCHES ALL OVER CHINA)

Owing to our numerous Branches"," in China and connections in the TRUSTEE AND EXECUTORSHIP principal Commercial Centres of

UNDERTAKEN

the World, we are able to extend

CURRENT ACCOUNTS opened in Lotal Car. rendy and FIXED DEPOSITS received in Local to our Clients special facilities for Charredgy & 82EELING on terms that may be Domestic and Foreign Banking and ascertalent on application.

Exchange.

Head

D. BENSON,

Manager

WANT ADS

Trusted

Office:-SHANGHAI Hong Kong Branch: 4, QUEEN'S ROAD, C. South China Offices.

CANTON

KONGMOON TOISHAN

SWATOW SHIUCHOW KINGCHOW

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

SHOU J. CHEN,

Manager.

Shanghai, Apr. 22 (Reuter).

Official T.T. Rates

#