1941-05-03 — Page 10

(REUTER'S SERVICE)

52 3/4

May July

October

December J...

January

March

-89 6/6

Spot

On demand

On Singapore:-

On demand

On Japan:-

On India-

On demand............... 102 1/3

Telegraphic Transfer.

and demand

On New York:-

Bank Bills, on demand 23 7/8 » Credits, 60 days' sight 21 5/8

On Batavia:~-

Total sales Wednesday:-199,800 bales The last trading day for May cotton is May 16. NEW YORK RUBBER

Close

11.47/47

Prey. Today's High Low Close Close Change

11,58 11.46 11.50 11.55 .05 up 23.48 33.35 33.15 23.40 .25 up

89 901

29 891

up 681 68) 691 681 unch. 14.06 13.92 13,00 14.05

Closing 11.49 N

PAGE 10-HONGKONG DAILY

PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 2, 1941,

On London:-

Telegraphic Transfer. 1/2 7/8 Bank Bulls, on demand 1/2 7/8 Credita months" sight

On Shanghai:--

NEW YORK COMMODITY MARKET

NEW YORK, May 1, 1941.

11

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

NEW

YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

MAY 2, 1941,

STOCKS

STOCKS

Last Bale

Last Sale

May 1

May 1

11.50/50

11.55/57

15 p Change

.02 up .05 up

Adams Express

51

Kennecott Copper

321

Alleghany Steel Ob. .............. Allis Chalmers ..

201

Libbey-Owens-Ford

Glass 311

26

Lockheed aircraft...........

21

Amer. Can s American Oyanamid B.

80

Loew's Inc.:

301

35

Martin, Glen I

26

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

11.51/52

11.64/61

.13.up

Amer. & Foreign Power

Montgomery Ward... 314

li

11.52/52

11,64/65

.12 up

Amer.

Foreign $7. pf.

161

|National Aviation .....

71*

W. H. Lock, Esq.,

11.48 N

11.80 N

12.up

Amer. Locomotive ...................

114

Nat Dairy Products

13

Chairman.

Deputy Chairman.

11,52/52 11.71

--11.62/62

10 up

Amer. Metals Co.

16

National Distillers

173

J. E. Bousfeld, Esq.,

11.79

.02 up

Amer. Radiator

61

Nat, Power &z Light

Amer. Rolling MIH

14

National Supply Corp.

41

A. E. Compton, Esq., L. J. Davies, Esq.,

Amer. Sting and B'ing Co.

37t

New York Central

117

Hon. Mr. S. H. Dodwell,

Amer. Sugar Rëṇning

14

Niagara Hudson Power

24

G. Miskin, Esq.,

Amer. Tel, & Tel

1493.

N. American Aviation ................. 121

K. 8. Morrison, Esq.,.

On demand

On Paris:-

44 3/4

MAY July

23.85 N

(New contract)

29.15/15

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

September (

}

22.65/55

23.98/08 23.40/40 22.85/95

.33 up

25

Amer. Tobacco "B"

вт

North American Co.

124

Arder. Waterworks

4.

Northern Raclic

,30 up

Anaconda Copper

237

Packard Motors

21

December

{

}

22.30/30

22.85/65

.35 up

Atchison, T. A S. Fe..

27

Paramount Pictures

114

On Saigon:-

On demand

103 1/2

On Manila:-

On demand. 47 3/4

On Bangkok:

On demand

149 1/2

May

July

On Sterling Notes:-

Nom.

September

Bar Silver per c

23 1/2

CHICAGO CORN

May

Aviation Corp.

21

Pennsylvania' R.R.

23+

Total sales for the day:-100 tons.

The last trading day for May rubber is May 27.. CHICAGO WHEAT

Branch:

Baldwin Lecometive

134

Phillips Petroleum

391

Baltimore & Ohio ......

34

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

23

Amoy

Jokers

Barnsdall Of

8

Pure Oil

87

Bangkok

Kobe

Rangoon Saigon

Batavis

Kowloon San

911/01

911/91

unch.

Bendix Aviation

34,

Radio Corpn. of Am.......

37.

SATURDAY, MAY 3, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION 'INDIA, AUSTRALIA

Authorised Uspital... $50,000,000

ů

AND CHINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1868

Reserve Funds: Sterling

£6,500,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability „o

Reserve Liability of Pro, of

priators

Proprietors

$20,000,000

Head Office-HONG KONG

£3,000,000 ..£3,000,000

£3,000,00€ HEAD OFFICE: LONDON:

38, Bishopsgata E.0.2 Sub-Agencles In Lendon: 117/199, Leadenhall Street, E.Ç.. West End Branch: 14/16, Cockapur Street, S.W1 Manchester Branch: 62, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES 1

ALOX STAR

AMRITSAR

BANGKOK

HONG KONG PENANG ILOILO

IPON

ZANGOON

SAIGON

KABACHI KLANG

ARREMBAN

SHANGHAI

BINGAPOR

Hon. Mr. T. E. Pearce, Hon. Mr. A, L., Shields, Sir Vandeleur M. Grayburn,

"Chief Manager.

BATAVIA

BOMBAY

AGENCIES: QLITE STREET FAIRLIE PLACE CANTON CANTORI

COB KUALA

LUMPUR

KUCHING

MADRAS

SITIAWAN BOURAMAYA

TAIPING

· TIENTSIM

TORGKAN

(Bhuket)

THINGTAG

TOKOHAMA

"QALCUTTA.

СКВО COLOMBO DELEI

MANILA

XIDAN

Bombay

Kusla

Francisco

HAIPHONG

NEW TORK

B91/89]

891/891

up

Bethlehem Steel

694

Reading Company,

Com

14

Calcutta

Lumpur Shanghai

Маг

July

Bank Buying Rate

Market Report

FROM ROZA BROS.

Friday, May 2. Silver prices were unchanged yesterday, the quotations remain- ing at 23.1/2 for both Ready and Forward. Silver advices reported the market 4.3 being steady. American Silver was quoted at 34.3/4 for Spot,

The London/New York cross- rate was quoted at 402.1/2. New York/London was quoted at "409.

1/4

July...

NEW YORK HIDES

June.

The last trading day for 'May cocoa is May 22. NEW YORK SUGAR NO. $

891/891

90/90

✈ up

Bliss Co.

14+*

Remington Arms Co., Inc.

Canton

London

Singapore

Boeing Airplane Co.

13

Republic Aviation Corp.

**

34

Chefoo

Lyons

Wednesday's sales-12,147,000 bushels.

Borg-Warner

-164

Republic Steel

171

Colombo

Malacca

Sungei

Briggs Mig...

18%

Reynold Tobac. "B"

291

Dairen

681/631

88+A

i up

Budd M'facturing Corp.

31

Schenley Distillers ...

84*

Foodbow

Manila Musr

681/69)

681/68)

unch.

Canadian Paclic R'way

31.

Shell Union Oll

127

Haiphong

Bankow

September

681/691

681/681

unch.

Celanese..**

203*

Socong-Vacunum Oil

Harbin

New York

Chesapeake & Ohio

37

Southern Pacific"

11

Iloilo

Peiping

Chrysler Corpn.

571

Southern Rly $5 pid.

234

[poh

13.90/90

14.05/05

.15 up

Columbia Gashi

Elec.

21

Spicer Manufacturing Co. 271*

September

13.97/89.

14.14/14

.17 up

Commercial Credit C

25+

Standard Brands

51

Total sales for the day:87 lots, NEW YORK COCOA

Com, & Southern (Ord.) ..

+

Stand Gas & Elec.

9/16

Consolidated Edison

19-

Standard On of NJ.

35

Consolidated Oil

51

Studebaker Com

5

7.24/24 7.54/54

30 up

Copperwold Steel

141*

Swift International

18

Ourtles Wright (0)

81

Technicolor

8

quoted on application.

Douglas. Aircraft-

664

Texas Corpn.

37+

SAFE DEPOSIT BOXES

of

Du Pont de Nemours

1381

Trans-America Go,

4

various sizes to let.

May...........****

2.42b/438 2.48b/483 2.43b/44 2,47b/49a

.04 up

.04 up

Eagle Picher. Lead Mec. Autolite

7.

20th Cent, Fox

TRUSTEE and

EXECUTOR

28

Union Bag & Paper Corp. 104

business undertaken.

Sourabaya

Patani Swatów (Johore) Tientsio Makden Tokyo

Penang

Tsingtao Yokohama

ΜΠΙΡΙΝΟ

(Peking)

FOREIGN EXCHANGI and General Banking Business trauszotad:

CURRENT ACCortes opened and FIXED DEPOSIT received for Ona Year or shorter periods in Local of Other Currencies at rates which will be quoted on application.

BAVINGS ACCOUNTS also opened is 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 Trustee Currencies on terms which will be business, and claime recovery of

British Income Tax overpaid, on terms which may be ascerta'ned st any of the Agencies and Branches.

W. H. EVANS THOMAS,

Manager.

HAMBUEQ HANKOW

די

Quiet

MARKET

.

*STERLING

Volume of business done!--321 lota. - The last trading day for No. 3 Sugar is May 23,

Flee. Bond & Share ....................

21

Union Pacific

781

Hongkong, 26th February, 1941.

Elec. Band & Share $5 pt.

56

United Aircraft ·

38

Elec, Bond & Share $6 pf.

Elec, Power & Light $7 pí.

May July

.77b/.788 -deleted

80b/601a 804b/.81a

Pintrote

got up

Gen. Electric

The Last trading day for No. 4 Sugar is May 1. NEW YORK COPPER FUTURES

Gen. Motors

Gen. Railway Signal

Gen: Tire & Rubber

July

11.41b/48a 11.43b/49a

.02 up

Goodrich (B.F.) ....

Goodyear Tire & Co.

Great Northern Iron Ore -

9.17b/20a 9,35/38

.18 up

Great Northern Rly, pid.

Great Western Sugar ......

8.95b

9.05 A

.10 up

int Nickel

July

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

6.65b/66a 6.95/05

.30 up

Johnsman

34-3/4 4.03-1/4

1940/41

92.19 83.00 40

Bigb Low-Dow Jones åverages 159.80 111.84,30 Industrials

32.67

Rail 29,15 20

Utilities 28.46 17.90 20.

Bonds

84.07 48.74 11 Commodity Index

(REUTER'S SERVICE)

dia, -£5, "G"

111

1/-

16/-

15

22"

There were sellers at 1/3 up to NEW YORK SÜGAR NO. 4° June, buyers. at 1/31/32 for delivery.

any

U. S. DOLLARS The market opened with sellers at.24.3/16, buyers bidding 24.1/4. Subsequently offers at 24.3/16 were accepted for near and for- 'ward followed by transactions at 24.1/8 for various deliveries. The market closed at 1 p.m. with sellers at 24.1/16 for near and for- ward with small buyers at 24.1/8

for Cash.

also

NEW YORK COTTONSEED OIL

July

NEW YORK LARD

September NEW YORK BLACK PEPPER

SHANGHAI DOLLARS Opened with sellers at 488.1/4 with business done subsequently last at 488.3/4, 469.1/4 arid 489.1/2. A couple of transactions were arranged at 470 for Cash. The market closed at 1 p.m. with pro-. bable sellers at 469.1/2, buyers at 469.3/4 for Cash.

SHANGHAI MARKET There were sellers of Sterling for near delivery at 3.3/18 for Spot. US Dollars, there were sellers for near delivery at 5.1/8 for Spot, Quiet.

AFTERNOON MARKET The market was quiet in the

afternoon.

?

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

י

U. 8. DOLLARS Nothing doing. The closed with sellers at 24.1/18, era at 24.1/8 for Cash.

The First Notice Day fór September black pepper is Aug. 26 and

trading day is September 23.

N.Y. Official Silver

34-3/4 N.Y.-London Cross Rate : 4.03-1/4

LONDON STOCK EXCHANGE

London, May 1 Pekin Syndicate

The following quotations are the B′hal Elec. Constr. Co. ... middle prices at the close of the S'hal Waterworks "A" market in London. All quotations Union Insurance

are subject' to confirmation and no Gola Kalumpong Rubber 15/- responsibility is assumed for errors Lon., Mid, & Scot., Rly, 129 in transmission.

buy-Chinese 5% Gold Bonds.

SHANGHAI DOLLARS Business was reported at 469. The market closed with sellers at 468.3/4, buyers at 469.1/4, -

SHANGHAI MARKET Sterling closed with sellers at 3.13/84 and US. Dollars at 5.1/8 for Spot.

Chin. 41% Anglo-French

Great Western Rly........ 321

£

market

War Loan, 34% (Red

after 1962) Defence Loan, 3% Janton-Kloon Rly. 5% Chinese 41% Gold Lan

National Bank of India 304 B.-A, Tob (bearer)

103-11/18

Dunlop Rubber

1010 10

Bristol Aeroplane

83/9 32/44 9/10

Imperial Chemical Ind. 29/0

United steel................................ 21/104

H.K. Banks, $1325.

1898 (Brit. Issues ......

VI

Woolworths

47/6

Marsman Investments

6/3

Docks, $15.

1925/AT

38

Western Holding

9/9

Sub-Nigel

142/6

Hotels, $2.80.

Loan, 1908 Chinese 5% Crisp Loan.

1912 Chinese 5% Reorg. Loan,

1913 (Ldn. Is,) Chinese 8% 8ter. Notes.

1925 (VickersS)

40

Abell Trana. & Trad.

(bearer)

41/3

22

-ex dv

234

8-10

Chin. Imperial Rly. 5%

Loan

48

Monan Rly, 3%

13

Kuluang Riy, 8%, 1911...

(LP. N/Y Issue)

13

Bukaang Rly. 5%, 1911

0/3-1/8

(German Lasue>

"11

5-1/8

Lung Thing & U... Hai

TO-

21-3/4

Rly. 5% 1913

101

17-1/4

B'hai-N'King Rly. 6%

14

nominal 20-3/4

Tientsin-Pukow Rly. 5%

(Brit. Stpd.)

11

11

Shanghai Exchange

Shanghal, May 2 (Reuter).

Official T.T. «Kates"

London

New York

"India

Paris Hongkong

Spot

May

June

Spot

May

June

Sterling

Opening

Rellers

Opening Closing 0/3-3/16 "0/3-3/16 0/3-3/160/3-3/16 0/3-3/18 0/3-3/16 U.S. Dollar

$5-1/8 $5-1/8 5-1/8 5-1/8 5-1/8"

-5-1/8-

Market:-Quiet.

Silver Duty Rate

The Central Bank of China's rate on London at 10 am, today was 1/2-1/24.

The Equalisation rate was 24-1/4 per cent.

Tientsin-Pukow Fly 5%

(Derman Stpd.) Tientsin-Pukow Rly, 5%

(Brit, 8tpd, Bupl Loan) IL Tientsin-Puków Rly, 5%. "

(Ger. Stpd. Supl. Lean) 11 Jap. 8% Ster. Lørt, 1924' 194-21 Ger, 7% Intl Loan, 1924 | 51 Chartered Bank.......... 8-11/16 Br & Chat Ban than

Reg.)

-701. HK, & Bhai Bank (Col.

Ees)...... Chinese Eng. & Mining

(bearer)........................ ©19/- Chosen Corporations 41- Mercantile Bank of Iri-

78

SELLERS

SALES

Docks, $14.85.- Lands, $31.

Authorised Capital

Electrics: (0) X, Ris., $24.

Subscribed Capital Paid-up Capital Beserve Fund and

Kast BANKERS:

INDO-CHINA

STEAM NAVIGATION COMPANY. LTD.

Operating Services for Cargo and Passengers

SWATÓW, SHANGHAI, TSINGTAU, CHEFOO

and TLENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

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

For further-particulars.

please apply to--

JARDINE MATHESON&Co.,LTD TELEPHONE SOJIL GENERAL MANAGERS.

23,000,000

21,200,000

£1,050,000

21,254,643

BANK OF CHINA

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Kuala Trenggo.

Bangkok

[pot

Bombay Owlcatta

fatina

Madras

Kuantan

New York

Colombo

Kandy

Penang

Delhi

Karachi

Bangoon

Galle

Kota Bharu

Shanghai

Hongkong

Kuala Lépin

How

Kuala Lumpar

Bisgapore

HONG KONG BRANCH:

Every description of Banking and Exchange

business transacted.

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES · ALL OVER CHINA) "Owing to our numerous Branches

TRUSTEE AND EXECUTORSHIP in China and connections in the

UNDERTAKEN

principal Commercial Centres of CURRENT ACCOUNTS ward to Local Car: the World, we are able to extend panay and BTXED DEPOSITS roonivad is Local

Currency & STERLING on terms that may be to our Clients special facilities for andertalbed on application.

Domestic and Foreign Banking and

D. BENSON.

і фто

SUD

Manager

SOY INUM

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

SHOU J. CHEN,

Manager.

584

United Airlines Trans

10)

HONGKONG SAVINGS

347

Urüted Corpn, :

121

United Corpn. $3 cum pl. 214

281

United

Gas Improvement 63

374

V8. Rabber

21

114

US. Steel

511

10A

Vanadium

241

12

Vultee Aircraft

167

Walworth Co.

134

Warner Bros. Pict.

25)

Westinghouse Elec,

221

Woodward Iron Cor.

·257

Chase National Bank

133

National City Bank

11

Libby. Moneill & Libby

58+

DOW JONES AVERAGE

May 2, 1941.

Apr. 30, High Low Close

Change

110.54

28.40

118.64 14.78 116,30 28.45 28.24 28.33

17.90"

17.91 17.78 17.84

91.36 64.02

91.45 64.07

24 off 107 off .00 of ..09 up .65 up

H.K. Stock Exchange

Market conditions remain on the easy side with some slight shrink- age in a few of the quotations:

BUSINESS DONE DURING THE WEEK

Union Ins., $420.

Providents, $4.60.

Lands, $31.

Trams, $16.90, $15).. Star Ferries, $51.

Business Done:-310,000 shares

Lights (0), $5.90, $5.85. Lights Rts., 40 cts.

FLK Govt. 34% Loan (1934), 944.

BUYERS

Bank of East Asia, $70. Indo-Chinas (Pret.), $80. Docks, $14.85.

Providents, $4.60.

Hotels, $2.80.

Entertainments, $8.25.

Lights (0), "$8. Ropes, $7.

BANK

The Business of the above Bank

* SHANGHAL.BANKING COR- Authorised Capital......$10,000,000.00

PORATION, Bules may be obtain-Paid-Up Capital 5,598,600.00

ed on application.

For the Hongroxé & SHANGHAI

V. M. GRAYBURN,

Chief Manager. Hong Kong. Rath Feb., 1939,

THE CHASE BANK

18, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

Reserve and Undivided

..............2,983, 281.60

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

Board of Director.

HON. SI SHOUJON CROW, Chairman

Li Koon Chun, Esq. F. K. Kwok, Esq, Wong I'm Tong, Esq. Chan Ching Shak, Esq.

∙Li Lan Sang, Esq.

Wong Chu Son, Esq.

Fang Ping Wah Eaq.

KAN TONG Pó, Esq., Chief Manager HON. MR. Taz FONG, Manager

18, PINE STREET.

NEW YORK. An American Bank offering com-

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

Interest Rates on Application.

BAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHIARE NATIONAL BANK, NEW YORK, with Resources of over U.S.3,800,000,000.

D, L. BALLANTYNE,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Omoor-15, Gracechurch Street, London, EC3

aris

Bombay

Haiphong

Houolais Kaun

Branches and Agencies:

Kowkcom Penang Bingaporn Loudon

Bombaya Balcon Barstow

Manila

Melbourne

Bingka

Hangoon

San Fran. “Sydney

New York Battle Paris

Pelping

Bewaring Shangha

Exchange businer rausacted. Lowas Every descripti, of Banking and

granted on appi /ed securition.

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

year or shorter periods in Local and Foreign Cur rencies on terms which will be. quoted on application.

SAVE CEPOSIT BOXES TO LET.

KAN TONG PO,

Obiej Manager:

BANK OF EAST ASIA, "

LIMITED

is conducted by the DONGKONG

Profits

:

BANKING CORPORATION.