1941-05-07 — Page 10

:

"High

Prev. Today's Low Close Close

On London:

New York Cotton, July New York Rubber, July

11.69 11.74

24.30 23.35

Transfer, #2 7/3.Chicago wheat, July

Bank Billa, on demand 1/2 7/8 Credits 4 months' aight

Chiesgo Corn, July .... New York Hides, June

941 70

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 6, 1941.

Telegraphic

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

NEW YORK. May 5, 1940,

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

MAY 6, 1941.

STOCKS

WEDNESDAY, MAY 7, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

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

INDIA, AUSTRALIA AND CHINA

18

Change

14.35

11.83 11.75 08 off 23.83 33.55 921 921 921 691 607 891 14.24 14.11b 14.26

Sterling

On India:-

and demand

On Shanghai:-

On demand 455

on Singapore:---

On demand 52: 3/4

On Japan:-

On demand 109 1/2

Telegraphic Transter."

On New York:-

Bank Billa, on demand 23 3/4 Credits, 60 days sight 24 1/2

NEW YORK COTTON

Close

Closing

,28 off i off 1 up 15 up Change

May....... July

11.81/81

11.73 N

,09 of

STOCKS

Adams Express ....... Alleghany Steel do. Allis Chalmers Amer. Can

Last Sale |

Last Sale

可

May 5

May 5

51

204

Kannecott Copper Libbey-Owens-Ford

321

Glass 31

25+

Lockheed Aircraft

217

80

Loew's Inc.

291

11.83/83

1.1.75/78

.08 ofi

October

December

11.83/88

-11.80/81

- .08 off

11.89/89

11.86/87

.03 off

American Cyansmid `B Amer. & Forelin Power Amer & Foreign $7 pf.

341

Martin, Glen L.......

37

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

1

•

Montgomery Ward

314

18

|National Aviation.

73

W. H. Lock, Esq.,

January

11.87 N

11.36/86

.01 off

Amer. Locomotive

117

|Nat, Dairy Producta

-12#

Chairman,

Deputy Chairman.

89, 5/8

March Spot

11.88/88 12.05

· 11.86/88

unch.

Amer. Metals Co.

15*

National Distillers

177

J. K."Bousfeld, Esq..

*11.97

08 off

Amer. Radiator .....

8

Nat, Power & Light ...............r

6

A. H. Compton, Esq.,

Total sales Saturday-119,400 bales. The last trading day-for May cotton is May 16. NEW YORK RUBBER

Amer. Rolling Mill

137

National Supply Corp.

5

L. J. Davies, Esq.,

2

Amer. 'ting and B'ing Co.

371

New York Central

134

Hon. Mr. S. H. Dódwell,

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

$20,000,000 Proprietors.

Head Office:-HONG KONG

HEAD OFFICE: LONDON: 38, Bishopsgate E.C..

Sub-Arenoles In London:

117/122, Leadenhall Street, E.0.4" West End Branch: 14/18, Cockspur Street, S.W 1 Manchester Branch:

32, Mosley Street, Manchester, 1.

AGENCIES AND BRANCHES

ALON STAB

HONG YONG ILOILO

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1859.

Reserve Funds:

£3,000,000 £8,500,000 Paid-Up Capital ................

£8,000,00 Reserve Liability of Pro-

prietors m

....£3,000,00$

FINANCO

Amer. Sugar Reining

15*

Niagara Hudson Power

r.

Amer. Tel * Tel

150

N. American Aviation ..... 124

-On Sterling, Notes:--

On Batavia:-

On demand

Do Paris:-

On Saigon:-

On demand

**** 103

Op Manila:-

On demand

.... 47 1/2

On Bangkok:-

May....... July

On demand

149 1/2

September

Bank Buying Rate

Bar Silver per oz

Nom. 23 1/2

CHICAGO CORN

May

July

September

May...

23.13 N

23.80

.67 up

Amer. Tobacco “B“

BT1

North American Co. musik..

44 1/2

July

(New contract)

23.83/83

23.55/57

28 off

Amer. Waterworks

4+

Northern Paciāc

册

September (

December

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

Total sales for the day:-3,110 tons.

The last trading day for May rubber is May 27.

CHICAGO WHEAT

>

33.27/21

23.25/25

.02 off

(.. )

22.95/85

22.85 N

.10 of

Anaconda Copper Atchison, T. & S. Fe. Aviation Corp.

..23+

Packard Motors

2+

291

Paramount Pictures

111

27.

Pennsylvanis R.R.

24+

Branches:

Baldwin Lecometive

134

Phillips Petroleu

401

"ነ

Baltimore & Ohio

34

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

231

Amoy

Johore

941/04

... 31/93) 931/931

941/941 921/93

Barnsdall On

up

Pure Opaïen

91

Bangkok

Koba

Rangoon Saigon.

Bendix Aviation

344

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

Batavia"

Kowloon

37

San

Bombay

Kuala

931/931

병

Bethlehem Steel

70)

Reading Company, Cam

14.

Calcutta

Lumpur Shanghai

Bliss & Co...

141

Remington Arms Co., Inc.

***

Canton

London

Saturday's sales:--20,518,000 bushels.

Boeing Airplane Co.

131

Republic Aviation Corp....

31

Chefoo

Lyons

Borg-Wamer

17*

Republic Steel

174

Colombo

Malacca Sungai

69/69

691A

69/681

691/891

69/891

691/091

14:11b/15a 14.28/26

September

14.20/23 14.36/36

closed 771 N

NEW YORK SUGAR NO. 3

May July

....... 2.476/48a 2.48b/50a

2.47b/48a2.50b/51a

¡! Volume of business done:--668 lots. The last trading day for No. 3 Sugar 18 May 23. NEW YORK SUGAR NO, 4

"

July

July

11.48b

11.46b

9.75/77

9.83b/84a

af

9.40b

9.45/52

7.27/27

NY. Official Silver NY.-London Cress Rate

unquoted 34-3/4 4.03-1/4 4.03-1/4

J

A

Great Western Rly.

8'hal Elec. Constr. Co. Bhai Waterworks "A" Union Insurance" 103-11/16 Gula Kalumpong Rubber. 15/-

1014

Lon., Mid. & Scot., "Rly. 131. 9.

National Bank of India 30

#

1898 (Brit. True)....... 39 Chinese 5% Gold Bonds

1923/47

8.-A. Tob (bearer)

Dunlop Rubber

38

Bristol Aeroplane

Imperial Chemical Ind. 29/7

40

United Steel

Chinese 5% Crisp Loan.

1912

Woolworths

201

Maraman Investments, 8/3

Western Holdings

1913 Ldn. I8.)

28+

Chinese 8% Ster. Notes.

Sub-Nigel

Shell Tran zz Trad.

1925 (Vickers) ......................... 7-9 Chia. Imperial Rly. 5%

Lorn

(Denter)

+bid

48 12

Market Report

FROM ROZA BROS.

Tuesday, May 6.

were unchanged Silver prices yesterday, the quotations remain- ing at 23.1/2 for both Ready and Forward, Silver advices reported the market as being steady and idle. American Stiver 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 403.

1/4

Quiet.

MARKET

STERLING

NEW YORK HIDES

June

Total sales for the day:-200 lots."

NEW YORK COCOA

May

The last trading day for May cocoa 15 May 22.

79b/.7942 79+b/.800 The Last trading day for Nó, 4.Sugar is May 1 There were sellers at 1/3 up to June, buyers at 1/3.1/32 for any NEW YORK COPPER FUTURES delivery.

U. S. DOLLARS

Opened, with sellers at 24.3/18 NEW YORK COTTONSEED OIL

July with some business done later

The NEW YORK LARD 24.1/4 for forward and near,

September "market closed at lunch time with

sellera at 24.3/16 for near. buyers NEW YORK BLACK PEPPER

July and probably at 24.1/4 for near July.

SHANGHAI DOLLARS Opened with sellers at 465.1/2 with small business done at 466 and 465.3/4. The market closed" at lunch time with sellers at 485. 1/4, buyers probably at 465.3/4.

SHANGHAI MARKET Sterling opened with sellers at 3.7/32 and then rose to 3.16/64 The market closed at lunch time with sellers at 37/32 for Spot. US Dollars opened with sellers at 5.3/16 with business done at 5.7/32 The market closed with sellers at 5.3/16 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. B. DOLLARS

Closed steady with sellers' at 24. 1/4 for near and forward, buyers at 24.5/16 for Cash, No business was reported this afternoon,

SHANGHAI DOLLARS

The First Notice Day for September black pepper is Aug. 26 and last trading day is September 23.

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, May 5, Chinese Eng, di Intag

(bearer;

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 error in transmission.

War Loan, 3% (Red.........

after 1952) Defence Loan, 3%

Canton-Kloon Rig. 5% Chinese 41% Gold Iwan

Chin. 41% Anglo-French

Loan, 1908

Business was done in the after-Chinese 5% Reorg. Loan. noon at 465 followed by transac- tions at 484.1/2, 484, 483.3/4 and 408.1/2. The market closed with sellers at 4624, buyers at 483.1/4.

SHANGHAI MARKET

Closed steady with sellers of Sterling at 3.15784 for Spot and 08. Dollars at 5.7/32 for Spot,

Shanghai Exchange

Shanghai, May 6 (Reuter).

Official TT. Rates

Tonan Rly, 5%... Hukuang Rly. 5%. 1911...

(LP. N/Y Issue)

Bukuang Rly. 5%, 1911

·German Ingue)

Taing & V. Hai Rly. 5% 1913

Chosen Corporation Mercantile Bank of In-

dia, £5, "0" Pekin Syndicate

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

up

1 up

up

€€€

Briggs Mig.

19

Reynold Tobac. "B"

291

Dairen

Manila

Budd M'facturing Corp.

3+

Schenley Distillers... ...............

84

Foochow

Moar

Patani Swatow

Canadian Pacific R'way

3+

Shell Union Cil

13/

Qelanese

201

Socony-Vacunum Oli

94

Bankow

Chesapeake & Ohio

361

Southern Pacific

Harbin

12.

Iloilo

.15 up

Chrysler Corpn.

561

Southern Riy $5 pfd,

空生

Ipoh

.18 up

Columbia Gas & Elec.

21

Epicer Manufacturing Co. 271*

Commercial Credit Co.

252

Standard Brands .............

5+

Com & Southern (Ord.)

7/18

Stand Gas & Elec.

4*

Consolidated Edison

194

Standard Oil of N.J.......

361

Consolidated Oll

5%

Studebaker Com

41

Copperweld Steel

14

Swift International-

18

Ourtiss Wright (C)

81

Technicolor

81

Douglas Aircraft

661

Texas Corpn.

372

01 up .03 up

Du Pont de Nemours

1391

Trans-America €0.

47

Eagle Picher. Lead

71

20th Cent. FUL

51

TRUSTEE

and

Elec. Autolite

27

Union Bag & Paper Corp. 10)

business, undertaken.

Elec Bond & Share

2

Union Pacine

79

Elec. Band & Share $5 pf.

$73*

United Aircraft

371

.001 up

Elec, Bond & Share $6 pf.

63

United Airlines Trans"

101

Elec. Power & Light $7 pf.

32+

United Corpn

F

Mintkote

12

United Corpn. $3 cum pt.

214

G. Miskin, Esq.,

K. 8. Morrison, Esq.,

Hon. Mr. T. E. Pearce,

Hon. Mr. A. L Shield,

Sir Vandelaur M. Grayburn,

Chief Manager.

BOMBAY

CALOUTTA

AGENCIES: CATE A FAINEAN PLANE CANTON CAWNPORE CERT

COLOMZO

Francisco AIPHONG.

Singapore Sourabaya

Haiphong (Johore) Tiantain

Mukden Tokyo

New York Tsingtao Peiping.. Yokohama

Penang

HAMBURG HANKOW

KARACHI

KLANG

KOB KUALA

LUMPUR KUCHING -MADBAN

MANILA

· TAY 1021 PAIPING

(Peking)

HANGOON BATOON

SINGAPORE

SITIAWAN 9OURABAYA

TAIPING

TIES PEIN TONGKAR

(Bhuket)

TRINGTAG YOKOHAMA

Foat on Exclanok and Geerst Banking Business transacted.

CURRENT Accounts opened and FIXED DEPOSITS received for Ons Year or shorter pariods in Loexl or Other Ourrencies st rates which will be quoted ou application.

SAVINGS ACCOUNTS als opened in Local Currency and Sterling with CURRENT ACCOUNTS opened interest allowed at rates obtainabis 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 claims recovery of

quoted on application.

SAFE DEPOSIT BOXES various sizes to let.

EXECUTOR |

Hongkong, 26th February, 1943.

HONGKONG SAVINGS,

BANK

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

W. H. EVANS THOMAS,

Manager.

AMRITSAR

BANGXOX BATAVIA

IPOR

SEREMBAN

SHANGHAI

DELHI

MEDAN

Gen.. Electric

281

United Gas Improvement

7

BANK OF EAST- ASIA, LIMITED

unch.

Gen. Motors

37

U.S. Rubber.......

21

The Business of the above Bank

Gen. Rallway Signal

,08 up

Gen Tire Rubber

Goodrich (B.F.) ...........

Goodyear Tire & Co..

.05 up

Great Northern Iron Ore ...

Great Northern Rly, pfd,

7.37b/40a .10 up

Great Westem Sugar

Int Nickel

Inter. Paper & Power

Int. Tel, & Tel

Johnsman

1940/42

High Low Dow Jones Averages 16280 111.84 30 Industrials

32.87 22.15 20. Rails

12/6

·20.46 17.80 20

92,19 83.06 40 Bonds

66.73 48.74 11 Commodity Index

111

1/-

16/-

15

SILVER MARKET

22

342

84/44

32/6

9/103

21/101

47/6

9/9.

140/-

40%-

- dv

Ready May 21 Settlement June 24 Bettlement

London

New York

Japan.....

India

Paris

LONDON SILVEE ̈

London, May 5 (Reuter). Silver-Small trade demand satisfied by production selling. Market steady. "In the afternoon the market was idle with no busi

ness..

.

Spot, 23-1/24.

Forward. 23-1/2d.

- BOMBAY SILVER

Bombay, May 5 (Reuter). Market Quiet. Offtake 100 bars, Indian Mint Silver.

Į

S'hai-N'King Riy. 5%

14

Opening

0/3-1/8

Tientsin-Pukow Rty. 5%

(Brit. Stpd.) ***

10

Operating Services for Cargo and Passengers

5-1/8

21-3/4

17-1/4

nominal

20-3/4"

8pot

opening. Closing 0/3-7/320/9-7/32

Tientsin-Pukow Rly. 5% (German 8tpd).......... Tientsin-Pukoy Rig. 6%

(Brit. Stpd, bupt Loan) 10 Tientsin-Pukow Rly. ·5% (Ger.Stpd, Supl. Loan) Jap. 8% Bter. Loan, 1924 191 Ger, 7% Intl Loan, 1924 Chartered Bank

10

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

10

51°

8-11/16

May

June

HK, Bhai Bank (Ldn

Reg.)

701

HK. & Shai Banx -(Col

Per)

78

5-3/16

"

India Rupee Paper

Hongkong

Sterling

Bellers

Spot ...

May

June...***

0/3-7/32 0/3-7/32 0/3-7/32 0/3-7/32 U.S. Dollar

$5-3/18

5-3/18

$5-3/16

5-3/16 5-3/16

Market:-Quiet but steady.

Silver Duty Rate

The Central Bank of China's rate on London at 10 am, today was 1/2-1/20...

The Equalisation rate was 24-1/3

per cent.

Bombay, May 5 (Reuter), Govt. 31% Rupee, 94-08-0.

Calcut

Exchange

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside

the Roosevelt Terminal în the French Concession at Shanghai, where passengers and cargo are landed.

For further particulare

please apply to-

LONDON METALS

EXCHANGE

London, May 5 (Reuter).

Standard, Cash, Middle Price, £269-3/8.

T.

Tin, Standard. 3 months, Middle Price, £265-7/8.

Market easier, reflecting easiness in the East and America and re- duction of Ministry's cash limit whereafter Initial lower business the Ministry finally sold at broad- er forward demand, stiffening the market generally. After hours-40 tons at £2891 and £266), paid and sellers.

JARDINE MATHESON&Co.,LTD.

Calcutta, May 5 (Reuter).TELEPHONE ZOJILL GENERAL MANAGERS *

12 on Japan, 81-1/2;

SHANGHAI BANKING COR- Authorised Capital......$10,000,000.00

PORATION. Rules may be obtain-Paid-Up Capital

For the HONGKONG & SHANGHAI

V. M. GRAYBURN,

Chief Manager.

5,598,600.00

Reserve and Undivided

Profits.....2,963,281,50

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

Board of Director.

HON. SIE SHOUSON CROW, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq., Wong Chu Sos, Esq.

15, "QUEEN'S ROAD, CENTRAL Wong Tun Tong, Esq.

Chan Ching Shok, Ex.

Fang Fing Wah Esq.

KAN TONG Po, Esa, Chief Manager HON. MR. La Tax FONG, Manager-

Branches and Agencies:

18, PINE STREET,

NEW YORK. An American Bank offering com-|

plete Foreign Banking Service | Amoy.

in the principal Markets of the Batavia world.

Interest Rates on Application.

SAFE DEPOSIT BOXES

Kowloom

London

Manila

Singaporn Rangoon Boursinya

Satron „Barydow

Melbourne Bad Bean. "Sydney

Every description of Banking and

This Bank is entirely owned by Exchange business transacted. Loans THE CHASE NATIONAL BANK granted on approved securities.

NEW YORK, with Resources of

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

D. L. BALLANTYNE,

Manager,

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offee-, Gracechurch Straat,

London, EC

Authorland Capital 22"

Babestībed Capital Paid-up Capital..

Berre Pund and Bori,

BANKERS:

28,000,000 £1,300,000 £1,000,000 21,254,680

The Bank of England and Midland

Bank, Ltd, BRANCHES:

Keantan

Bangkok

(pob

Bombay

Fatton"

Calenta

Colombo

Kandy

Delbi

Galle

Hongkong Howrah

Kazobi

Kuala Trengga Kadra

New York;

PROK Bangoon

Kota BharuI. Shangbad Kunis, Ldpristat

Zumi Lampor Singapore HONG KONG BRANCH:

Current Accounts opened in Loss). Currency and Fixed Deposita" ra- caived for one year or shorter periods in Local and Foreign Car- terms which will be rencies on quoted on application.

SAPK DEPOSIT BOXES TO L

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN-- INTERNATIONAL EXCHANGE

BANK PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER CHINA)

Every description of

Owing to our numerous Branches of Banking and Exchange business trænačted.

in China and connections in the TRUSTEE AND EXECUTORSHIP

principal Commercial Centres of UNDERTAKEN DA UURRENT ACCOUNTS opened in Local Oar the World, we are able to extend rendy and FIXED DEPOSITS ON Lees to our Clients spesial facilities for Commoy & STERLING, on terms that maybe Domestic and Foreign Banking and ascertained on agy Hoatios.

D. BENSON, A Exchange.

WANT ADS

Trusted

Head

CANTON

SWATOW

Office:-SHANGHAI

* Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Oficer.

KONGMOON TOISHAN SHIUCHOW KINGCHOW

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

SHOU J. CHEN,

Manager

111*

U.S. Steel

524

is conducted by the BONGKONG

10

Vanadium

234

12

Vultee Aircraft

41

ed on application.

171

Walworth Co.

41

131

Warner Bros. Pict

BANKING CORPORATION.

261

Westinghouse Elec.

198

221+

Woodward Iron Cor

26*

242

Chase National Bank

29*

Hong Kong, 25th Feb., 1639.

131

National City Bank

25*

21

Libby. Moeill & Libby

584

THE CHASE BANK

DOW JONES AVERAGE"

May 6, 1941. May. 3, High Low Close

116.55

118.20 114.87 116.84

28.08

28.90 28.58 28.73

Change ,29 up .05

HEAD OFFICE:

Utilitics

17.85

17.77 1768 17.67

.18

B1.74

65.73

91.76 08.01

01 up .28 up

Pezane

Business Done:-420,000 shares

Haskow

Monoinly

Kaue

Bambay

Calenta

Haiphong

Nagraks

zatma Tentada

New York

Seattle

Pasti

Be

Pedying

Shangb

2

62-15 ***** 62-15 63-00