1941-05-15 — Page 10

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NEW YORK, May 13, 1941.

On demand

445

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

NEW YORK COTTON

High" Low

12.85 24,60

12,53 34.25 957 943 73 721 14.80 14.67 14,70b 14.83b 13 up

Prev. Today's

Close Close

12.30 12:85 24.60 24.55 938 95 711 721

Change

.55 up 05 off 14 up up

STOCKS

Adams Express

Closing

Change

Alleghany Steel "Co.

Allis Chalmers

On Singapore:—

May

12.29 N

12.80/80

.61 up

Amer. Can

On demand

59 3/4

July

12.30/30

12.85/85

.55 up

American Cyanamid By..

On Japan:-

October

12.46:46

12.96/96

.05 up

Amer. & Foreign Power,

On demand

102 1/2

12.51/52

13.03/05

51 up

Amer& Foreign $7 pf.

On India:-

January

12.49 N

12.97/97

48 up

Amer. Locomotive

Telegraphic

Transfer.

and demand

*89, 5/8

March

Spot-

12.51/52 12.54

13,08/08

,57 up

Amer. Metals. Co."

13.28

.72 up

Amer. Radiator

On New York:--

Amer. Rolling Mill

Amer. Sting and Ring Co. 39

Amer. Sugar Redning

On Batavia-

Amer. Tel. Tel

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 14.-1941, ..

On London:-

Telegraphic Transfer. / TAS Bank Bills, on demand 1/8 7/8 Credits 4 months' sight

On Shanghai:—

NEW YORK COMMODITY MARKET: (REUTER'S SERVICE).

December

Bank Bills, on demand 24 1/8 Credian, 60 days' sight 24 7/8

Total sales Monday:-178,800 bales.

The last trading day for May cotton is May 16. NEW YORK RUBBER

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

MAY 14. 1941.

STOCKS

Kennecott Copper

Loew's Inc.

THURSDAY, MAY 15. 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital....... 380,000,000

INDIA, AUSTRALIA

"AND CHINA

Reserve Funda: Sterling

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1888

56,500,000 Paid-Up Capital

.....£3,000,000 6.K. Currency Reserve $10,000,000 Reserve Fund

£3,000,000 Reserve, Liability of

Reserve "Liability of Pro-

prietors..... $90,000,000

.......£3,000,008 HEAD OFFICE: LONDON.

Chairman.

Deputy Chairman,

38, Bishopsgate E.C.2. Sub-Agencies in London 117/12, Leadenhall Street, E.C.a West End Branch;

14/18. Cockspur Street, S.WI Manchester Branch: 62, Moaley Street, Manchester, 1

AGENCIES AND BRANCHES:

ALOR BTAH AMRITSAR

HONG KONG PENANG ILOILO

Last Sale

May 13

Proprietors

.51

341

•

211

Libbey-Owens-Ford

Class

Head Office:-HONG KONG

314

Lockheed aircraft

2:23

801

291

Martin, Glen L

| Montgomery Ward

National Aviation

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

W. H. Lock, Esq.,

124

Nat, Dairy Products

National Distillers

181

61.

Nat, Power & Light

131

National Supply Corp.

J. K. Bousfeld, Esq., 1. H. Compton, Esq., LJ. Davies, Esq.,

Hon. Mr. S. H. Dodwell,

New York Central

G. Miskin, Esq.,..

15*

Niagara Hudson Power

BANOKOI

K. S. Morrison. Exq

On demand

43 1/4

On Paris:

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

May July

(New contract) September (

}

December

(

}

24.80/80

24.05/05

23.75/75-

23.40 N

24.55/55 24,00b/05a 23.70/70 23.35 N

.05 off

Amer. Tobacco “B”

149. 65

N. American Aviation

13+

Hon. Mr. T. E. Pearce,

SOMBAY

North American Co

.05 off

Amer. Waterworks

Northern Paritc

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

{BATAVIA -

KLANO

DALOUTTA

AGENCIES:

.05 off

Anaconds Copper

252*

Packard Motors

.05 off

Atchison, T. & 8. Fe

Paramount Pictures

Chief Manager. FAJALE PLACE

OLIVK. STREET

KOBN

KUALA

RANGOON

IPOK

"BAIGON

KARACHI

BREMBAN

SHANGHAL

BINGAPOR

SITIAWAN

SOUBAMATA

114

יי

On Saigon:-

On demand

............................. 104 1/2

Ou Manlia:-

Op demand

... 48 1/4

On Bangkok:

July

September..

Bank Buying Rate ..... Ear Silver per os. ................

Now.

93716

CHICAGO CORN

July .......... September ..

NEW YORK HIDES

June

September radh

NEW YORK COCOA

September ....

On demand 149 1/2

On Sterling Notes:-

Total sales for the day:-730 tons.

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

Aviation Corp.

Pennsylvania R.R

Baldwin Lecometive

Phillips Petroleum

Baltimore & Ohio

Pullman Inc....

Amoy

Bangkok

Barnsdall Of

Pure O...

Branches: Jobore Rangoon Kobe

Saigon

Batavia

Kowloon San

... 93/932

94/941

951/951 96/961

1 up

Bendix Aviation.

341

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

Bombay

Kuala

Francisco

17 up

Bethlehem Steel

68)

Rending Company,

Com

151

Calcutta"

Monday's sales:-18,126,000 bushels.

Bliss Co.

Remington Arms Co., Inc.

43*

Canton

Boeing Airplane Co.

134

Republic Aviation Corp. ...

Chetoo

Lyons

Borg-Warner

171

Republic "Steel

Colombo

173

Malacca Sungei

72/713 724/728

727/724 2731/738

7 up

Briggs Mfg.

194

Reynold Tobac. "B"

Dairen

Manila

Budd M'facturing Corp.

Schenley Distillers

Foochow

Mdar

Haiphong

(Jobore) Tientsio

Canadian Pacific R'way

Shell Union O

141

Aankow.

Mukden

Tukyo

14,70b..

14.81/82

14.83b/90a 15.006/048

Delanese.....

214

Socony-Vacunum Oil

13 up

Harbin

.19 up

Chesapeake & Oblo

.381

Southern Pacife,

Iloilo

Chrysler Corpn.

581

Southern Rly $5 pid,

247

Ipoh

Total sales for the day:-153 lots.

Columbia Gas & Elec.

Spleer Manufacturing Co

301

Commercial Credit Co.

221

Standard Brands

7.81/89

743 N

.02 of

Com, & Southem (Ord.)

Stand' Gas & Elec,

Consolidated Edison

184

Standard On of NJ.

367

Consolidated Onl

Studebaker Com

Copperweld Steel

141*

| Swift International

187

May "July

2,49b/50a 2.49b/50a 2.52b/53h 2.52b/538

unch. unch.

Curtiss Wright (C.)

Technicolor

*8.

Douglas Aircraft

Texas Corpn.

395.

Du Pont de Nemours

1417

Trans-America Co.

MARKET

Volume of business done?-59 lots... The last trading day for No. 3. Sugar is May 23.. NEW YORK SUGAR NO. 4

Eagle Picher Lead

20th Cant. Fox

Elec. Autolite

Union Bag & Paper Corp. 104

Elec Bond & Share

Union Pacifc

Elec. Band & Share $5 pt.

57*

United Airorait

July NEW YORK COPPER FUTURËS

July

.83b/.831a 85b/.85ła

€2 up

39)

Bec. Bond & Share $8 pf

€17.

| United Airlines Trans

11.75b/12:00a 11.80b/88a 05 up

Elec. Power & Light $7 pf. Flintkote

351

United Corpn

}

United Corp. $3 cum pf... 214

Lumpur Shanghai London Singapore Sourabaya

Patani- Swatow

New York Tsingtao Peiping Yokohama

Penang

KEDAN

NEW YORK

ΤΑΙΡΙΝΟ TIENTSIN TONGIA

(Bhuket)

TSINGTAG

YOKOHAMA

PIPING (Peking).

Fox GN EXCHANGE and General Banking Business transacted

CURRENT Accouris opened and FLIRD DEPONITA received for One Year or shorter periods in Loezi of Other Currencies at rates which will be quoted on 'application.

SAVINGA ACOUNTS siso opened ra Local Currency and Sterling with interest allowed at rates obtainable

CURRENT ACCOUNTS opened on application.

in Local Currency and FIXED DE- The Bank's Head Office in London POSITS received for one year or undertakes Executor and Trustee shorter periods in Local and Other business, and claims recovery of Currencies on terms which will be British Income Tax overpaid, on quoted on application.

SAFE DEPOSIT BOXES of various sizes to let

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

HONGKONG SAVINGS

BANK

terms which may be ascertained at any of the Agencies and Branches.

W. H. EVANS THOMAS,

Manager.

LUMFUR

CANTON

DAWNPORD

KUCHING

KADBAS

CU COLOMBO

DELHI

MANILA

HAIPHONG HANKOW

NEW YORK COTTONSEED OIL

July

Gen. Electric

United

Gas Improvement

BANK OF EAST ASIA LIMITED

The Business of the above Bank

Gen Motors

391

U.B. Rubber

10.43b/48a 10.73/73

.30 up

is conducted by the BONGKONG

Gen. Rallway Signal

127

Gen. Tire & Rubber

མཐཟབ

U.S. Steel

531

101

Vanadium

244

The

9.70b.

9.82/80

.10 up

Goodrich (B.F.)

124

Vultee Aircraft

ad on application.

Goodyear Tire & Co........

171

Walworth Co.

意

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

PORATION. Rules may be obtain-Paid-Up Capital

For the HONGKONG & SHINGHAI

Great Northern Iron Ore ..

Warner Bros. Pict

BANKING CORPORATION.

7.48/46 7.38b/39a .10 off

Great Northern Rly, pid,

201

Westinghouse Elec.

89.

Great Western Sugar

231

Woodward Iron Cor.

201

V. M. GRAYBURN,

Chief Manager.

Reserve and Undivided

5,598,800.00

Profits

2,883,201.50

Head Office:-HONG KONG

247

Chase National Bank

291

Hong Kong, 25th Feb. 1839.

inter. Paper & Power

131

National City Bank

251

4,03-1/4

Int. Tel. & Tel Johnsman

21. 582

Libby, Monell! & Libby

THE CHASE BANK

No. 10 Des Voeux Road, Central

Board of Director.

HON. SIE SHOUSON CHOW, Chairman Li Koon Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq._ Wong Chu Bon Eq

Pang Play Wab Eq.

15; QUEEN'S ROAD, CENTRAL Wong Tun Tang, Esq.

Chan Ching Shok, Esq.

Market Report

FROM ROZA BROS.

Wednesday, May 14.

The price for Ready Silver drop- ed 1/16 yesterday to 23.7/16 but

the Forward rate was unchanged ap 23:1/2 Silver advices reported the market as being steady with very small business done. American

The last trading day for May cocoa is May 22.

Silver was quoted at 343/4 for NEW YORK SUGAR NO. 3 Spot.

►

The London/New York. Cross- rate was quoted at 402.1/2. New York/London was quoted at 403

· 1/4

Quiet

BAR STERLING

There were sellers at 1/3 up to July buyers at 1/31/32 for any delivery.

U.S. DOLLARS Some business was done during the course of the morning at 24. NEW YOEK LARD

7/18 for near and, forward. market closed with smal sellers at 24.7/16 for near, buyers at 34.1/2

and probably 247/16) tor Cash July,

September NEW YORK BLACK PEPPER

September

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

SHANGHAT DOLLARS Opened with sellers at 455.1/4" with business done at 456, 456.1/2. 457; 457.3/4. The market then reacted and business was again arranged at 456.1/2 and 456.1/4. The market closed with sellers at 456.1/2, buyers at 457.

SHANGHAI MARKET Sterling opened with sellers at 3.9/32. Subsequently the market cased off to 3.17/64. At the close there were sellers again at 3.9/32 for Spot. US. Dollars opened with sellers. at 5.11/32 and then receded tn 5.5/15. At the close there were sellers at 5.11/32 for Spot.

Shanghai Exchange

Shanghal, May 14 (Reuter).

Official T.T. Rates

London .

New York

Japan India Paris Hongkong

Sterling

Opening

... nominal

20-3/4.

Feller's

pening Closing 0/3-9/320/3-9/32

NY Official Silver N.Y.-London Cross Rate

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, May 13. 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 errors in transmission.

War Loan. 31%

after 1952) AND

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

H.K. Stock Exchange

Wednesday, May 14

BUYERS

HK. Banks, $1,305; Canton Ins., $210.

. HK, Fire Ins. X.D., $176.

Indo-Chinas (Fref.), $81, Providents, $4.90. Hotels, $2.85.

Macao Electrics, $19.15

Entertainments, $0.23.

Watsons. $9,25.

Int Nickel

1040/41

DOW JONES ‘AVERAGE

Eligh Low Dow Jones Averages 159.00 111.84 30 Industriala

32.67 22.16 20 Rails

96.45 17.31 20

Utilities

92.19 83.00 40

Bonda

88.11 48.74 ir Commodity Index

SILVER MARKET

LONDON SILVER

May 14, 1941. May, 19, High Low Close 117.14 117.93 118.88 117.21

28.88 28.07 28.71 28.73: 17.46 - 17.56 17.30 17.38

Change

HEAD OFFICE:

91.90 07.49

"91.83 68.34

.07 up .15 off .08 off .18 off "85 up

18, PINE STREET.

NEW YORK. An American Bank offering com- plete Foreign Banking Bervice in the principal Markets of the world.

KAN TONG PO, Esq., Chief HON. MR. LI TER Foxa,

anager

Branches and Agencies:

Amoy

Penang

Batavia

Lotton

Mangoon

Sobey

Bombay

Manila

Balcon

Calcutta

Haiphong

Nagsaka

Interest Rates on Application,

Bankow

New York Beattie

Vascoute

Homolelu

Paru

Semarang

Kote

Priping

shangha

London May 13 (Reuter). Silver-"Spot" offered. Forward small business, Market steady. In the

was afternoon, the market. quiet, with very small business.

Spot, 23-7/16d.

Forward, 23-1/2d.

BOMBAY SILVER

Bombay, May 13 (Reuter) Market-Quiet. Offtake 125 bars.

Indian Mint Silver

Lańds, $31

(Red,

Defence Loan, 3%....

103-13/16

101 Canton-Kloori Rly. 6% 9

Realties, $2.70,

Ropes, $8.20.

0/3-1/8

Watsons, 59.

Chinese 41% Gold Loan

5-3/16 22 17-1/4

1898 (Brit. Issue)

Chinese 5% Gold Bonds,

1925/4!

SELLERS

Trams, "$16.16.

Chin. 44% Anglo-Frencb

Cements, $15.

Loan, 1908

Chinese 5% Criap Loan.

Ropes, $6.50.

1912

201

SALES

Spot

Chinese 5% Reorg. Loan,

1913 (Lan. Is.)

Providents, $4.95.

Ready May 21 Settlement June 20 Settlement

62-11

62-11-

82-12

May Jutte

0/3-9/32 0/3-9/32 073-9/320/3-9/32

Chinese 8% Ster. Notes,

Realties, $2.70;

U.S. Dollar -

∙Kay

$5-11/32 $5-11/32 .5-11/32

5-11/32

5-11/32 5-11/32

1925 (Vickers) Chia. Imperial Riy. 5%.

Loan

a Honari Rly. 5%

*-9

Electrica (New), $21.25.

Electrics (Old), $11.25,

Macao Electrics, $19.

Huktang Rly. 5%, 1911.

(LP-N/Y Issue 1a.. Huktiang Rly! ·6%? 1011 German Issue) .... Lúng Thing & U Hai

Rly. 5% 1913

London May 13 (Reuter),

Bar Gold, Fine per or, 168/-

hai-N'King Hy. 5%... Tientsin-Pukow Rly: 5%

Brit. Stpd.) riental-Pukow Rly 5%"

(German 8tpd.) 10 "Tientsin-Pakow; Rły, 6%

14'

TO-

| Pekin Syndicate

1/- 18/-

15 22

June Market: Quiet but steady.

Silver Duty Rate

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

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

Calcutta Exchange

Calcutta, May 13 (Reuter); 1.7% on Japan, 81-1/2--

LONDON-METALS EXCHANGE

London May 13" (Reuter). Tu. Standard. Cash, Middle Price. £270-3/8.

Brit, Stod, Bupl, Loân); 20 Ilenwip-Pukow Rly. 5%.

(Ger. Etpd, 8bpl Loan) 10 Jap. 8% 'Ster; Loan, 1824 · 213 Ger. 7% Intl Loan, 1924 5 Chartered Bank...

LONDON GOLD

hai Elec. Contr. Co. S'hai Waterworks “A” Union Insurance Gula Kalumpong. Rubber 15/- Lan., Mid, & Scot., Rly. 128 Great Western Rly....... 337 National Bank of India 30% B.-A. Tob. (bearer) 88/14° Dunlop Rubber ...........

34/6 Bristol Aeroplane..... 9/101 Imperial Chemies Ind 30/0 United Steel

23.

Tin, Standard. 3 months, Middle Price £287-7/8.

Ingcash against forward pur- Chosen Corporation chacha After hours 15 tons at Mercantile Bank of In unchanged prices!

Market irregular, undersoldi Ministryz cash price of £272 Chinese Eng Mining Business again routine, somno sell-

H.K. & Shal Bank -(Lána, "":

Reg.... HE & Shal Bank (Dol |

Peg)

22/42

761

Woolworthsom Maraman Investments ...

47/6

0/9

Western Holdings ...... 10/9

(bearer)i

12/8

Sub-Nigel

145/-

4/-

shell Tran

*Trad

(bearer)

40/73

dia, 25, "G"

*bid

Business Done:-430,000 shares

LONDON STOCK. EXCHANGE

was

LONDON, May 14 (Reuter)-The Stock Exchange yesterday generally firm with sentiment cheerful. Leading Industrials im- proved on country buying.

21'm

Kaffir dividend payers met tive Cape enquiry. Diamonds were also good. Ols were firm with Mexican Eagles and Anglo- Egyptians higher.

Gt-edged bonds and home rails were about unchanged.

...Among foreign bonds. Japanese and Chinese. Improved.

Wall Street was quiet.

SAFE DEPOSIT BOXES.

Kowloos

Melbourne älä Exam- Bydney

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,

WANT ADS are Seen!

INDO-CHINA

Current Accounts opened in Losad Currency and Fixed Deposite re- ceived for one year or shorter periods in Local and Foreign Ont rencies on terms which will be quoted on application,

SAFE LEPŠIT BOXES TO LET

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA ÄS AN --INTERNATIONAL EXCHANGE

GARAN BANK

STEAM NAVIGATION COMPANY LTD. PAID-UP CAPITAL 240,000,000.00

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 at Shanghai, where passengers Bad cargo are landed.

For further particulars

please apply to

JARDINE MATHESON& Co.LT TELEPHONE 3O3IIO GENERAL MANAGERS

(BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the " principal Commercial Centras 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?

QUEEN'S ROAD, C. South China Offices....

CANTON SWATOW... 3. SHIUCHÓW

KONGMOON TOISHAN KINGCHOW

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

1941-05-15 — Page 10

Comments

Private Research Note