1941-05-08 — Page 10

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On Sterling Notes:--

Bank Buying Rate

Bar Silver për œ...... 23 [/2

Fret. Today's

New York Cotton, July New York Rubber, July Chicago Wheat, July. Chicago Corn, July

High Low Close Close Change

12,10 11.74 11.76 12.08 24.18 23.85 23.55

.33 up

93 927

691

39+

69*

24.05 943 091

50 up.

2 up

unch.

On Shanghai:-

New York Hides, June NEW YORK· COTTON

14.53

14.32 14.26 14,40b .14 up

Close #

Closing

Change

Alleghany Steel C. 'Allis Chalmers.

On demand

450

On Singapore:—

May

11.73 N

1205 N.

.32 up

Amer. Can......

On demand

..... 52 3/4

July

11.75/76

12.08/10

33 up

American Cyanamid B.

1180/81

12.19/19

39 up

Amer, & Foreign Power ...

On Japan:-

11.88/87 12.31/24

.35 up

Amer. & Foreign $7 pf.

On demand

...... 102 1/2

On India:-,

January

March Bpot

11.86/86 11.16/86 11.97

12.23/23

37 up

Amer. Locomotive .....

12.20/24 13.29.

,34 up

Amer, Metals Co.

.32 up

Amer. Radiator

Amer. Rolling MM

Amer, S'ting and Ring Co. 377

Amer, Sugar Reining

Amer. Tel, & Tel.

23.80 N.

deleted

Amer, Tobacco "B"

23.55/57

23.25/25

24.05/05 23.75/75

50 up

Amer. Waterworks

.50 up

Anaconda Copper

22.85 N

23.25/25

.40 up

Atchison, T, & S, Fe.

Aviation Corp.

Baldwin Lecometive

On demand

.....103 1/2

Baltimore & Ohio

On Manila:-

Barnsdall OD"

¡On demand

***** 47 3/4

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 7, 1911.

On London:-

Telegraphic

Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8. Credits 4 months sight

NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

NEW YORK. May 6 (Reuter).

October

December.

Telegraphic Transfer.

and demand.........: 6/8

On New York:

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

On Batavia-

On demand

On Paris:

Bank Billa, on demand Nom. Credits 4 months sight Nom.

On Saigon:-

Total sales Monday-125,900 bales.

The last trading day for May cotton is May 16.

NEW YORK RUBBER

... 44 3/4

May July

(New contract) September ( December {

Total sales for the day-1,470 tons. The last trading day for May rubber is May 27. CHICAGO WHEAT

NEW YORK STOCK EXCHANGE

STOCKS

Adama Express

· QUOTATION (REUTER'S SERVICE)

MAY 7. 1941.

Last Sale

STOCKS

Kennecots Copper" Libbey-Owens-Ford

Lockheed Aircraft

Loew's Inc.

Martin, Glen L.

| Montgomery Ward

National Aviation Nat Dairy Products National Distillers Nat, Power & Light

THURSDAY, MAY 8, 1941.

BANKS

(ONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1850

Reserve Funde: Sterling

£3,000,000 ....£3,000,00

£3,000,008

£8,500,000 Paid-Up Capital H.K. Currency Reserse $10,000,000 Reserve Fund

Reserve Liability of Pro- Reserve Liability of

pristors

(Miskin, Esq.,

Chairman.

Hon. Mr. T. E. Pearce,

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

Chief Manager.

HEAD OFFICE: LONDON:

38, Bishopsgate E.C.2. Sub-Agencies In London: 117/192 Leadenhall Street, E.0.1 West End Branch: 14/16, Cockspur Street, S. W 1 Manchester Branch:

59, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES.

HONG FUNG PENANG

ALOR STAR

AMKITBAR

BANGTOK

BATAVIA ROMBAT"

CALORİUSA"

AGENCIES: CLIVA STRAKS Pati Prade

CANTON CAWNPOR

[LUILO

ПРОД KARAOMI

KLANG

KOA KUALA

Last Sale

May 8

May 6

Proprietors

.$90,000,000

331

217

Glass 32)

Head Office:-HONG KONG

273

221

79+

294

35+

281

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

321

171

W. H. Lock, Esq..

12)

121

Deputy Chairmaft:

·∙18) ·

181

J. E. Bousfeld, Esq.,

A. H. Compton, Esq.,

141

National Supply. Corp.

L. J. Davies, Esq.,

New York Central

Ilon. Mr. S. H. Dodwell,

131

BANGOO

151**

Niagara Hudson Power ...

BAIGON

K. S. Morrison, Esq.,

150

N. American Aviation .....

SEREMBAN

134

SHANGHAI

671

North American Co

121

BINGAPORE

Northern Pasite

SITIAWAN

Packard Motors

BOURABAYA

30+

Paramount Pictures

114

Pennsylvanig R.R.

247

Branches:

Phillips Petroleum

LUKPCR KUCHING MAD MAN

TAIPING

TIENTSIN

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

Amoy

Johore

Pure Of...

Bangkok

Kobe

On Bangkok:-

May

On demand ............

.... 749-1/2

July

941/941 ..deleted 923/93

Bendix Aviation

351

Radio Corpn. of Am.

Batavia Kowloon

Rangoon Saigon San

Bombay

Kuala

Francisco

September

931/934

941/95 " 951/951

"Bethlebem Steel

711

Reading Company,

Com

ut"

Calcutta Lumpur

Shanghai.

21 up

Bliss & Co.

147

Remington Arms Co., Inc.

Canton

London

Singapore

Boeing Airplane Co.

Republic Aviation Corp.

Chefoo

***

Nom.

Monday's sales:-17.372,000 bushels.

Borg-Warner

173

Republic Steel

Colombo

Malacca

Sungei

CHICAGO CORN

Briggs Mfg.

191

Reynold Tobac. "B"

291

Dairen

Mey

89‡a

deleted

Budd, M'facturing Corp.

.31

Schenley Distillers

Foochow

Manila Muar

July

691/691

691/692

unch.

Canadian Pacific R'way

Shell Union Onl

134

Haiphong

September

691/691

Delanese

201

| Socony-Vacunum Oil

.91

Bankow

Mukden Tokyo

Harbin

Chesapeake & Ohio

377

Southern Pacific

124

Iloilo

NEW YORK HIDES

June September

Chrysler Corpn.

572

Southern Rly $5 ptd.

251

Ipoh

14,26/26

14:40b/45a

14 up

Columbia Gas & Elec,

Spicer Manufacturing Co. 29*

14.36/36

14.55/58

.19 up

Commercial Credit Co.

Standard Brands

Com, & Bouthern (Ord.)

¡Stand Gas & Elec.

Consolidated Edison

194

Standard Ol of N.J.

371

Consolidated Oll ...

Studebaker Com,

8.07/06

Copperweld Steel

144

Swift International

181

Curtiss Wright (C)

Wechnicolor

quoted on application.

Douglas Aircraft

Texas Corpn.

391

SAFE

May July

2.48b/502 deleted 2.50b/5la 2.47b/48a

Du Pont de Nemours

141

Trans-America Co.

various sizes to let.

.03 of

Eagle Picher Lead

20th Cent. For

MARKEL"

Elec. Autolite

271

Union Bag & Paper Corp. 209

business undertaken.

-4

Volume of business done:--329 lots. The last trading day for No. 3 Sugar is May 23. NEW YORK: SUGAR NO. 4

Elec Bond & Share

Union Paciâë

Elec. Band & Share $5 pf.

591

United Aircraft

381

Bec, Bond & Share $6 pf.

63)

United Airlines Trans

10+

July un

79b/804 80b/.81a

.00 up

Elec. Power & Light $7 pf. Flintkote

337

United Corpo,

124

United Corpn. $3 eum pt.

Lyons Boursbaya

Patani Swatow

(Johore) Tientsin

New York Tsingtao

Peiping Yokohama Penang

NEW YORK

PRIPING

(Peking)

FOREIGN EXCHANGE, and General Banking Business transacted.

CURRENT Accounts opened and FIXED DEPOSITS received for One Year of shorter periods in Local 01 Other Currencies at rates whioll will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with

CURRENT ACCOUNTS opened interest allowed at rates obtainable

in Local Currency and FIXED DE-on application.

The Bank's Head Office in London POSITS received for one year or sherter periods in Local and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of

British Income Tax overpaid, on

DEPOSIT BOXES of terms which may he ascerta sed at

TRUSTEE and EXECUTOR

Hongkong, 26th February, 1941.

HONGKONG SAVINGS ..

BANK

any of the Agencies and Branches.

W. H. EVANS THOMAS,

Manager.

CEBU COLOMBO

DELHI HAIPHONG HAMBURG HANKOW

TÓNGKAM

MANILA

(Bhakes)

KEDAN

TRINGTAL

TOKOHAMA

Volume of business done:-397 lots. NEW YORK COPPER FUTURES

July

Gen. Electric

United Gas Improvement

67-

BANK OF EAST ASIA, LIMITED

Gen MotorS

US. Rubber

211

The Business of the above Bank

Gen. Railway Bignal

124

US. Steel

531

is conducted by the BONGKONG

11.46b

11.55b

.09 up

Gen. Tire & Rubber... ...

101

Vanadium

241

Goodrich (B.F.)....

Vultee Aircraft

SHANGHAI BANKING COR- Authorised Capital......$10,000,000.00 PORATION. Rules may be obtain Paid Up Capital

5,598,600.00

ed on application.

Reserve and Undivided

9.83b/84a

10.22/22

.39 up

Goodyear Tire & Co.

177

Walworth Co.".

For the HoxOKONG & SHANGHAI-!

Profits

.2,983,261.50"

Great Northern Iron Ore -

137.

Warner Bros. Pict..

BANKING CORPORATION.

Great Northern Aly, pid.

Westinghouse" Elec.

•

September

9:45/52

-9.05 A

.20 up

Great Western Bugar

223

Woodward Iron Cor.

262

NEW YORK BLACK PEPPER

September

Int Nickel

257

Chase National Bank"

291

Hong Kong. 25th Feb., 1939.

7.37b/.40a" 7.59/59

,22 up

Inter. Paper & Power

131

National City Bant .....

Int. Tel & Tel Johnsmar

Libby. Monet & Libby

581

THE "CHASE BANK

34-3/4 4.03-1/4

DOW JONES AVERAGE

1940/47

High

162.80 111.84 30 32.67 22.15 20 26.45 17.67. 20 92.18 83.08 40 60,01 43.74 11

Low Dow Jones Averages

Industrials

Rails.

29.73

Utilities

17.67

May 7, 1941. May. 5, High Low Close 115.84

*117.83 116.02 117.10 29.22 29.49 28.77 17.89 17.60 17.77

Change 1.26 up .49.up

HEAD OFFICE:

91.76

.10 up 92.02 ,27 up 67,00 1.03 up

Loudos

Bombar

Manila

Caloutta

Malborka

Malphung Hakow

Nagasaks

New York

Hcnolain Kabe

Parke

Palping

Singapore

Sotirabay Barstow

Market Report

FROM BOZA BROS.

Tuesday, May 7.

unchanged Silver prices were yesterday, the quotations remain- ing at 23.1/2 for both Ready and Forward. The market was 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 403, 1/4,

Quiet,

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

U. 8. DOLLARS Quiet There were sellers at 24 1/4 for near and forward, buyers at 24.5/16 for Cash,

SHANGHAI DOLLARS Opened with sellers at 462 with business done subsequently at 463 and 464. The market closed with! sellers at 463.3/4, buyers at 484.

Total sales for the day:-345 lots. NEW YORK COCOA

September

The last trading day for May cocoa is May 22, NEW YORK SUGAR NO. 3

NEW YORK COTTONSEED OIL

July

NEW YORK LARD

SHANGHAI, MARKET Quiet. There were sellers of Sterling at 3.15/84 for Spot. US Dollars opened with sellers at 6.7/32 last and then rose to 5.1/4. At the close

it receded to 5.7/32 for Spot.

Shanghai Exchange

Shanghal, May 7 (Reuter).

Official T.T. Rates

London

New York

Japan

India

Paris

Hongkong

Sterling

Opening

0/3-1/8 5:1/8 21-3/4 17-1/4 nominal 20-3/4

The First Notice Day for September black pepper is Aug. 28 and

trading day is September 23.

N.Y. Official Sliver N.Y.-London Cross Rate ......

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, May 6. The following quotations are the middle prices at the close of the market in London. All quotations

NEW N.Y. COPPER" CONTRACT:

NEW YORK, May 7 (Reuter)- The New York, Commodity Ex- change has created a new copper contract, which became effective yesterday, and limits the top price to 11-1/2 cents per pound.

Trading in the old contract will are subject to confirmation and no be confined to liquidation, which responsibility is assumed for errors will be completed not later than in transmission.

Rollers

Spot

May

June

Closing pening 0/3-15/64 0/3-15/64 0/3-16/04 0/3-15/64

0/9-15/64 0/3-15/64/

War Loan, 31% (Red

after 1952) Defence Loan, 3%

U.S. Dollars

Spot

$5-7/32 $5-7/32

May

5-7/32

Canton-Kloon Rly. 5% Chinese 41% Gold Luan

1032 1018 9

June

5-7/32

Market:-Quiet.

Silver Duty Rate

The Central Bank of China's

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

The Equalisation rate per cent.

India Rupee Paper

1898 (Brit. Issue) ..... Chinese 5% Gold Bonds,

1985/41

Chin. 44% Anglo-French

Loan, 1908 chinese 5% Crisp Loan.

1912

201

was 244

Chinese 5% Reorg, Loan,

1913 (Lan. Is.) .....

28}

7-9

Bombay, May 8:(Reuter), Govt. 31% Rupce. 94-06-0,

Calcata Exchange ·

Calcutta, May 6 (Reuter). TT on Japan, 81-1/2

SILVER MARKET LONDON SILVER. London, May 6 (Reuter). Silver-Negligible trade demand met by production selling. Market steady,

Spot, 23-1/21.

Forward, 23-1/2d. **

BOMBAY SILVER

Bombay, May 8. (Reuter).

Market Qulet Offtake 200 bars,

Indian Mint Silver

Readyen May 21 Bettlement June 20 Settlement

Chinese 8% Ster. Notes.

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

བྷུ བྷུ བྷྲ, སྶ ཨྰ ུཌ

Loan.......ess Honan Ely. 5% ..................** Hukuang Fly, 5%, 1911....

LP. N/Y Issue) Buknang Rly. 5%, 1011".

German Issue)

Lung Thing & D. Ha!

Ely 5% 1913 S'hal-N'King Rly. 5%... Tientsin-Pukow Rly. 5%

(Brit. Stpd.) Tientsin-Pukow Rly, &%

The old сод February 2, 1942. trdet will not be subject to the price limitation, except that fuc- tuations will be restricted to half- cent from the previous close.

LONDON METALS

EXCHANGE

London, May 6 (Reuter). Tit. Standard. Cash, Middle Price, £269-3/8.

Tin, Standard. 3 months, Middle Price, £286-3/8.

Market ateady. After initial easiness in the absence of stimu- lating overseas advices, the market improved on fair expansion of cash inquiry. After hours-30 tons for 3 months at £268-1/2, paid and buyers.

| Mercantile Bank of In-

Bonds Commodity Index

LONDON STOCK EXCHANGE

LONDON, May 7 (Reuter)-The undertone "of the London Stock Exchange, remained firm yesterday

and although gilt-edged

ralls tended to be reactionary.

Industrials

60:01 =

Eusiness Done: 910,000 shares

1. LONDON RUBBER

TRADING

LONDON, May 7 (Reuter)-After remaining closed for more than one day, the London rubber mar- home ket yesterday re-opened for busi- ness, but under the new restric- were steady with tions imposed by Government.

Cour- Cable and Wireless and tauld's good features, the latter on useful enquiry finding stock short. Oils were steady, with Mexican Eagle improving on the reported big British purchase of Mexican oll. Katrs responded to satisfac- tory April returns and diamonds were supported.

Among foreign issues Japanese

"Spot" was traded at 144. un- changed from the previous level, while forward positions advanced one-eighth to 14-1/4d

bonds tended lower while Egyptian and Iraq issues receded.

Wall Street was firm.

V. M. GRAYBURN,'

Head Office:-HONG KONG

Chief Manager No. 10 Des Voeux Road, Central

Board of Director

HON. SIR SHOUSON CHOW, Chairman

Li Koon Chan, Esq. Li Lan Bang, Esq.

P. K. Kwok, Esq., Wong Chu Son, Esq. Fung Ping Wah Esq.

18, QUEEN'S ROAD, CENTRAL Wong Tan Tong, Eny,

Chan Ching Shuk, Bai,

KAN TONG PO, Esq., Chief Manager HON. MR. LI Tas FONG, Manager

18, PINE STREET.

NEW YORK. An American Bank offering com-

plete Foreign Banking Service Amor in the principal Markets of the Batavia world.

Interest Rates on Application.

SAFE DEPOSIT BOXES.

Branches and Ageneita:

Kowloon PARKAN

Hangoon

Baiton

San Fran. Briney

·Cisco TiantA

Seattle

Semarang

Shanghai:

Vancoase

Every description of Banking and This Bank is entirely owned by Exchange business transacted. Lomon THE CHABE NATIONAL BANK, granted on approved securities,

NEW YORK, with Resources of over U.S.$3,800,000,000.

D, L. BALLANTYNE,

Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter Manager, periods in Local and Foreign Cur rencies on terms, which will be quoted on application.

WANT ADS are Seen!

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEYOO ́

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

BANDAKAN

TO-

dia, £5, "0"

114

| Pekin" Byndicate.

1/-

14'

S'hai Bec. Constr. Co.

16/

B'hal Waterworks "A".

"10

Union Insurance ...............

15 22

Gula Kalumpong Rubber 15/- Lon, Mid, & Scot.. Rly. 131

341 Great Western Rly... National Bank of India 301 8.-A. Tob (benzer) s Dunlop Rubber Bristol Aeroplane......... 9/101 Imperial Chemical Ind. 30/3

85/-

32/9

རྒྱུ བྷུཏྟཱསྐ

(German Stpd.) Tientsin-Pukow Rly. 5%

(Brit. Stpd. Supl Loan) 10 Tientsin-Pukow Rly. 5%

(Ger, Btpd, Bupi. Loat), 10

Jap. 6% Ster. Loan, 1924 19-21+

Ger..7% Intl. Loan, 1924 5}

Chartered Bank .................................. B-11/16 United Steel................... 22/- Woolworth 47/6 6/3 Marxman Investments"...

*** 9/9

62-15

62-151 63.400

HK & Shal Bank (Ldn.

Rek

HK & Bhai Hank” (Col:

*78

Western Holdings Sub-Nigel

140/-

Chinese Eng Mining

then Trim & Trad

12/6

(beurer)

40/71

Chosen Corporation

*-bid

LONDON GOLD

London, May 6 (Reuter), Bar Gold, Fine per ox., 188/-

HAIPHONG

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

For further particulara

please apply to

“JARDINE MATHESON&Co.,Ltd. TELEPHONEČŽOSIÍ • GENERAL MANAGERS.

SATE DEPOSIT Box To LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA-

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00 (Brancas Azz ÖVER ÜHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centren of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head

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

CANTON,

SWATOW:

KONGMOON TOISHAN

SHIUCHOW KINGCHOW

"We also handle the issue of Bonds and other Publia Funds of the Chinese Government both at Home and Abroad.

1941-05-08 — Page 10

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