1941-05-09 — Page 10

Hon. Mr. S. H. Dodwell, G. Miskin, Esq.,

K. S. Morrison, Esq., Hoa. Mr. T. E. Pearce,, Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,

"Chist Manager.

Rangoon Saigon

Singapore Sourabaya

BOMBAY

KLANG

KOB AGENCINA: · CLAVE STREFY KUALA FAIRLIN PLACE, CANTON

DAWNFORI

COLOMBO

LUMPUR KUCHING

MADRAN MANILA

MEDAN

NEW YORK

PRIPING

(Peking)

TONGKAN

(Bhuket)

THINGTIG

ТОКОЛАМА

FORMIGN EXCHANGE and Genera). Backing Business transacted.

On Shanghai:—

On demand

450

New York Cotton, July New York Rubber; July Chicago wheat, July Chicago Corn, July New York Hides, June NEW YORK COTTON

Prev. Today's High Low Close Close Change 1225 12.03 12.08

.01 OF 13.07 23.90 23.60 24.05 23,68 .37 of

964 951 947 96 709 691 691 14.48 14.40 14.40b 14.35b 05

STOCKS

1) up

70 - 14 up

Adams Express

Alleghany Steel Co.

Close..

Closing

Change

Allis Chalmers

Apter. Can

On Singapore:-

May

12,05 N

12.10/10

.05 up

American "Cyanamid B.

On demand ............................ 52 3/4

July

12.08/10

12.07/07

.01 off

Amer, & Foreign Power

On Japan"

October

12.19/19

12.18/20

.01 of

Amex & Foreign $7 pf. ...

On demand

102 1/2

December

12.21/24.

12.25/28

.04 up

Amer. Locomotive

On India:-

January March

12.23/23

12.25/26

.02 up

Amer. "Metals Co.

Spot

12,20/24 12.29

12.20/26

.06 up

Amer. Radiator

12.34

.05 up

Amer. Rolitag · Mili

Amer, 'ting and Ring Co.

Amer, Sugar Refining

Amer. Tel, Tel

Amer, Tobacco “B”

24.05/05

23.8 /88

37 of

Amer, Waterworks

23.75/75+

23.30/30

.45 off

Anaconda Copper.

23.25/25

22.90b

.35 off

Atchison, T. & S. Fe.

22.95 N

22.85 N

10 off

Aviation Corp.

Total sales for the day:1.030 tons. The last trading day for May rubber is May 27.

.

Baldwin Lecometive

Baltimore & Ohio

Barnsdall Of .......

Bendix Aviation

Bethlehem Steel

94/95 961/961 951/951 962/962

11 up

Buss & Co.

1 up

Boeing "Airplane Co

Tuesday's sales-19,389,000 bushels

Borg-Warner

Briggs Mig.

Budd M'facturing Corp.

691/691" 691/697

704/708

up

Canadian Pacing 'way

Celanese ***

Chesapeake & Ohio

Chrysler Corpn.

were

June

September

14.40b/45a 14.35b/42a 14.55/58 14.17/50

.05 off

Columbia Gas & Mec.

.08 off

Total sales for the day:-96 lots,

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

Consolidated Edison

Consolidated Oll

September

8.07/08 ..7.39/87

20 Off

Copperweld Steel

Curtiss Wright (C.)-

Douglas Aircraft ....

Du Pont de Nemours

Eagle Picher Lead

May July

2.47b/488 2.48b/49a 2.52b/53a 2.52b/53a

01 up unch.

Mec, Antolite

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE CLOSING QUOTATIONS

MAY 8, 1941.

On London:—

Telegraphic Transfer. 1/8 7/5 Bant" Bills, on demand 1/2 7/8 Credits 4 month" sight

"

„Telegraphic

Transfer.

and demand...90/8

On New York

Bank Bills, on demand 23 7/8 Credlis, 60 days' sight 24 5/8

Oo Batavia:-

. On demand

On Parks:

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

On Saigon:-

NEW YORK COMMODITY. MARKET (REUTER'S SERVICE)

NEW YORK, May 7, 1941

Total sales Tuesday:-210,400 bales.

The last trading day for May cotton 14 May 18.

..... 44 3/4

NEW YORK RUBBER

May....... "July

(New contract) September (

December

}

On demand

**** 103 1/2

On Manila?-

On demand

47 3/4

On Bangkok-

CHICAGO WHEAT

On demand

1:9 1/2

July

On Sterling Notes:-

Bant Buying Rate

Now..

September

Bar Silver per oz"

23 1/2

CHICAGO CORN

July

September

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE}

MAY 8, 1941.

Last Sale

STOCKS

Kennecott Copper

Lockheed Aircraft ....

Montgomery Ward

National Aviation

Glass

Nat: Dairy Products .....

National Supply Corp.

Niagara Hudson Power

N. American Aviation

North American Co. Northern Pacific Packard Motors Paramount Pictures

Last Sale

May 7

བྷཱུཏྟཱཉྙསྨིཾབྷོཔྤཡྻོ ཊྛིཾབྷཡྻཏྟིསྶཏྟཾ ཿཝསྶཏྲྰཾརཱྀཏྲྰཾ་ཧྲྰི⌘ཨྰཿཨྰཿ8ཨྰཿཀྰ་ྷཔྲ་དྷâཆའི༤༠ཚོམཎྜཾ

FRIDAY, MAY 9, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

יו

Authorised Capital..... 840,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858

Reserve Funds: Sterling

£3,000,000 .£3,000,000

..........£3,000,000

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

Roserve Lisbility of Pro-

prietors ..... Proprietors

$20,000,000

Head Office:-HONG KONG

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

WAH. "Lock, Esq.,

Chairman,

HEAD OFFICE; LONDON: 38, Bishopagate E.Ü.3. Sub-Agencies In Lendon: 117/122, Leadenhall Street, E.0.

West End Branch: 14/16, Cockspur Street, S.W1 Manchester Branch; Mosley Street, Manchester,

Deputy Chairman,

J. K. Bousfield, Esq.,

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

AGENCIES AND BRANCHES -

FOMA TONG ILOILO

ALOR STAR AMRITSAR

BANGIDI

BATAVIA

CALORIETA

FENANG BANGOON

ΤΡΟΠ

BAIGON

KARACHI

BERIMBAR

SHANGHA

SINGAPORE

SITIAWAN

SOURABAYA

TAIPING

TIENT910

May 7

51

21+

|Libbey-Owens-Ford

********

27k

791

Loew's Inc:

354

Martin, Glen

172

128

174

National Distillers

61.

Nat, Power & Light

....

14t

371

New York Cential

15%

1491

68..

41

241

291

3

Pennsylvania R‚R.

Branches:

137

Phillips Petroleum

34

Pullman Inc..

Amos

Joboro

93

Pure Oll

Bangkok

Kobe,

Batavia.

36

Radio Corpn. of Am.

Kowloon Sao

DELEI

Bombay

Kuala

Francisco

71

Reading Company,

Com 152

Calcutta,

Lumpur Bhanghai

141

Remington Arms Co., Inc.

Canton

London

HAIPHONG HAMBURG KANIOW

14

Republic Aviation Corp.

Obafoo

Lyon

17

Republic Steel

Colombo

Malacca Sungei

191

Reynold Tabac. "B"

Dairen

Manila

34

Schenley Distillers

Foochow Muar

32

Shell Union O

Haiphong

201

Socony-Vacunum Oil

364

Southern Pacific

124

Harbin Iloilo

561

Southern Rly $5 pfd.

Ipoh

21

Spicer" Manufacturing Co

281*

265

Standard Brands

..

Stand Gas & Elec.

191

Standard O of N.J

57

Studebaker Com.

141

Swift International

81

Technicolor

68

Texas Corpn.

141

Trans-America Co.

71

20th Cent, Fox

271

Union Bag & Paper Corp. 104

1

MARKET

Elec. Bond & Share

21

Union Pacific

81-

Elec. Band & Share $5 pr.

591

United Aircraft

36

་

Elec. Bond & Share $6 pi.

62.

United Airlines Trans

104

Elec. Power & Light ST på.

32

United Corpa,

#

Flatkoto

12

United Corpn. $3 cum pf.

211

,80b/.811 .79b80a Volume of business done:-189 ints, NEW YORK COPPER FÜTURES

July

.00 off

Gen. Electric

281

United Gas Improvement

61

Gen. Motors

38

U.S. Rubber

22

11.556

11,55b/85a unch.

Gen. Railway Signal Gen. Tire & Rubber Goodrich (BF)

13

U.S. Steel

534

is conducted by the BONGKONG

101

Vanadium

244

131

Vultee Aircraft

54

Goodyear Tire & Co. .....

171

Walworth Co.

#

ed on application.

10.22/22

10.22/22

unch.

Great Northern Iron Ore Great Northern Rly, pfd.

141

Warner Bros. Pict.

3+

BANKING CORPORATION.

252

Westinghouse Elec.

B82.

Grest Western Sugar

221

Int Nickel

25

September

.9.652

9.86 A

.01 up

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

134

Woodward Iron Cor. Chase National Bank National City Bank

27

17"

Libby. Monel Libby

NEW YORK BLACK PEPPER

September

Johnsman

581

7.50/59

7.48/48

.11 off

DOW JONES AVERAGE

34-3/4 34-3;4 4.03-1/4

4.03-1/4

117.10

נן

May 8, 1941. " May. 6, High Low Close 117.49 116.53 11687

Change

HEAD OFFICE:

22.87 22,15 20

Rails

29.22

29.41 28.98 29.08

AFTERNOON MARKET

STERLING

26.45 17.67 20

Utilities

17:77

17.71 17.46 17,51

82.19 83.08 40 Bonda 67.09 18.74 11 Commodity Index

02.02 67.08

91,90

€7,18 Business Dons:-5 0,000 shares

23 08 14 of .26 off .12 off ..07 up

Bombay

AMOJ

Batai

Manjla

Calvatia Halphong

Ng

Hankow

+

Bonniala

Market Report

· FROM ROZA BROS.

Thursday, May 8. silver prices

unchanged yesterday: the quotations remain. ing at 23.1/2 for both Ready and Forward. Silver advices reported

the market as being idle with no busincas done. American Silver was quoted at 34.3/4 for Spot.

The London/New York rate was quoted at 403.1/2. New York/London was quoted at 403.

#1/4.

Quiet. Dall

cross-

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

U. 8. DOLLARS

2

No business was reported. There were sellers at 24.5/16 for forward and near, buyers at 24.3/8 for Cash.

SHANGHAI DOLLARS

A small business was done at 463. The market closed at 1 pm, with sellers at 462.3/4. buyers probably at 463.

SHANGHAI MARKET Tulil," There were sellers of Sterling for Spot at 3.15/64 and

U. S. Dollars at 5.7/32 for Spot.

Quiet.

NEW YORK HIDES

NEW YORK COCOA

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

Volume of business done:-209 lots. The last trading day for No. 3 Sugar Is May 23. NEW YORK SUGAR NO. 4

July

NEW YORK COTTONSEED OIL

July

NEW YORK LARD

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

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

The market closed with sellers at LONDON STOCK

1/3 to July. buyers at 1/3.1/32 for

any delivery,

U. S. DOLLARS

A small business was done at 24.328 for near delivery.

The

EXCHANGE

(REUTER'S SERVICE)

London, May 7. The following quotations are the market closed with small sellers at middle prices at the close of the 24.3/8, buyers at 24.7/16 for Cash.

SHANGHAI DOLLARS

market in London. All quotations are subject to confirmation and no Opened with sellers at 460.1/2 responsibility is assumed for errors

with business done subsequently

|in transmission.

if

at 460.3/4 and 481. At the close war Loan, 31% Red, there were sellers at 480.3/4, buyers after 1962) at 461-1/4

SHANGHAI MARKET

Sterling opened firm with sellers

at 1.15/64 and closed with seller's

at 3.1/4. U. 8. Dollars opened with Chinese 8% Gold Bonds.

seller's at 5.1/4 and then rose to 5.9/32. At the close sellers were reported at 5.1/4 for Spot.

Shanghai Exchange

SILVER MARKET

LONDON SILVER

London,.. May." (Reuter). Sliver-Market idle but steady, with no business.

Spot, 23-1/2d. Forward, 23-1/2d.

LONDON GOLD-

1940/41

High Low Dow Jones Averages 12.80 111.84 30 Industrials

RESERVE BANK OF INDIA STATEMENT

Calcutta, May 7 (Reuter).

Apr. 25 May 2

Notes in circulation (Including Notes beld in the Bank-

ing Department)... 28,059 28,070! Rupee Coin Bullion

LONDON METALS

EXCHANGE

London, May 7 (Reuter). TIA. Standard, Cash, Middle Price, £270-1/2.

Tin, Standard, 3 months, Middle Price, £287-3/8.

Market steady. Prices rose with better East and American advices 4,441 and Ministry's higher cash limit, but sellers reluctance restricted 9,132 turnover. After hour-market very steady-sellers reserved. 25 tons at 10.879 10,879 £270-3/4 and £287-3/4 paid and (Figures in Lakhs Rupees) buyers.

Bankow

Patani Swatow (Jobore) Tientsio Mukden Tokyo

New York Tsingtao Peiping Yokohama Penang

CURRENT Accounts opened And FIXED DEParrs, received for One Year of shorter perioda in Local or Other Currencies at rates which will be quoted on application.

SAVINGE ACCOUNTs also opened in Local Currency and Sterling with CURRENT ACCOUNTS opened interest allowed at rates obtainable in Local Currency and FIXED DE-jon application. POSITS received for one year or The Bank's Head Office in London sacrter periods in Local and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of

of BOXES

quoted on application. SAFE DEPOSIT various sizes to let.

TRUSTEE and EXECUTOR business undertaken. Hongkong, 26th February, 1941.

"HÔNGKONG SAVINGS

BANK

The Business of the above "Bank

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

W. H. EVANS THOMAS,

Manager.

BANK OF EAST ASIA, LIMITED

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

PORATION. Rules may be obtain Paid-Up Capital 8,008,800.00

For the HONGKONG & SHANGHAI

V. M.GRAYBURN,

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

THE CHASE BANK

Reserve and Undivided.

Profits

.2,983,281.50

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

Board of Director.

HON. SIR SHOUSON CHów, Chairman Li Koun Chun, Esq. Li Tan Bang, Esq... P. K. Kwok, Esq. Wong Chu Son, Esq. Fang Ping Wah Esq

-15, QUEEN'S ROAD, CENTRAL Wour Im Tong, Esq.

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

Chan Ching Shuk, Esq.

KAN TONG PO, Esq., Chief Manager Hos. Ma. Lr TEE FONG, Manager

Branches and agencies:

Kowloos London

Ред

Bingapore Haagaim Hoursdays Halgon

Barstow Melbourne San Fran. Sydney

New York Sanita Vabconta

Palping

eko Kont

Berang

Shanghai

Every description of Banking and

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

NEW YORK, with Resources of

over U.S.$3,800,000,900.

D. L. BALLANTYNE,

Manager,

WANT-ADS are Seen!

INDO-CHINA

1032

London, May 7 (Reuter). Bar Gold, Fine per o., 168/-

in India

3,604

3,616

Defence Loan, 3%.....

1013

Gold Coin and Bul-

llon in India

4,441

Canton-K'loon Rly. 5% Chinese 4% Gold Lan

1898 (Brit. Issue)

9

39

1925/47

Chin. 41% Anglo-French

-LORD, 1903

40

Chinese 5% Crisp Loan.

1912

201

Tientsin-Pukow Rly, 5% (ect Otpd, vph Loại) Tientsin-Pukow Riy, 5% (Cer, Stpd. Bupl. Loan) Jap. 5% Stei. Loan, 1924 191-21) Ger, 7% Intl Loan, 1924 5 Chartered Bank

10

Securities (Indian

Government) Securities (British

9,132

Government)

10

8-11/16

Shanghai, May 8 (Reuter),

Official T.T. Bates

Opening

Chinese 5% Reorg, Lean,

1913 (Ldn. Is)

28+

HK. ghai Bank (Lan.'

Reg.)

71

Chinese 8% Ster. Noter,

1925 (Vickers)

EK. & Shai Bank (Cot

7-9

Reg)

78

Chin. Imperial Rly, 5%

Chinese Eng. & Mining

London

New York

Japan

0/3-1/8 5-1/8 21-3/4"

Loan

48

.* (bearer)

12/6

Honan Rly, 5%.

12

Chosen Corporation

4/-

Hukuang Rly. 5%, 1011...

Mercantile Bank of In-

-TO-

17-1/4-

(L.P. N/Y Issue)

13

dia. £5. "Q"

nominal

Bukuang Rly. 5%, 1911

Pekin Syndicate

1/-

20-3/4

(German Issue) ...

11

S'hai Elec, Contr. Co.

16/

Lung Tsing & U. Hat

Rly. 5% 1913

(6'bal Waterworks “A”

8

15 22

Closing

Bhai-N'King Rly. 6%

14

Tientsin-Pukow, Rly. 5%

(Brit. Stpd.)

10

Tlentin-Pukow Rij. 5%.

(German Stpd.)

10

India

Fellers

0/3-15/64 0/3-15/64. 0/3-15/84 0/3-15/04 0/3-15/84 0/3-15/64

$5-7/32. 35-1/4

6-7/32-

Union Insurance ....................... Gula Kalumpong Rubber 15/- Lon., Mid, & Scot., Rly. 129 Great Western Rly....... 334. National Bank of India 304 B.-A. Tob (bearer)

.... 88/3 Dunlop Rubber

33/-

Paris Hongkong

Sterling

Opening

Spot May

June

U.S. Dollars

Spot

Bristol Aeroplane

0/101

"May

June

5-7/32 Market: Quiet but steady.

Silver Duty Hate

5-1/4. 5-1/4

Imperial Chemical Ind. 30/44

India Rupee Paper

United Steel

22/14

Bombay, May 7 (Reuter). Govt, 34% Rupee, 04-09-0,

Woolworths ..................

47/8

| Maraman Investments 2.

.8/3

Western Holdings ..... Sub-Nigel

10/3

142/6

Calcut

Shelf Trati

&

Trad

Calcutta, May 7 (Reuter). 1.2 on Japan, 81-1/2

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

per cent,

The Equalisation rate was 244,

ره

Exchange

(bearer), HOME 40/71

bid

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

-SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

*SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

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

For further particulars

please apply to-

JARDINE MATHESON&Co.,LTD. TELEPHONE ZOJIIL GENERAL MANAGERS:

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.

SAFE DEPOSIT BOXES 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 *(BRANCHES ALL OVER. ÜHINA) 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 Branch:

4. QUEEN'S ROAD, C..

South China Offices.

KONGMOON

CANTON SWATOW

TOISHAN SHIUCHOW-* --KINGCHOW

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

SHOU J. CHEN,

Manager,