1941-05-17 — Page 10

NEW YORK, May 15, 1941.

High

100

71

15.00 14.75

445

On Singapore:-

On demand

52 3/4

May July

On Japan

October

On demand

102 1/2

December

On India:-

Telegraphic

Transfer.

and demand"

82 6/8

Spot

On New York:-

Close

12.93/93

Prev. Today's Low Close Close Change 13.06 12.7π 12,90 12.81 .09 off 21,46 24,30 34.486 24.30

973 99! 98 724 -731 14.07

Closing

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 16, 1941.

On London:-

Telegraphic Transfer. 27/6 Bank Bills, on demand 1/2 7/8" Credits 4 months' sight

On Shanghai-

On demand

"NEW YORK COMMODITY MARKET (REUTER'S SERVICE)

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

NEW YORK COTTON

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

MAY 16, 1941

Last Sale

STOCKS

SATURDAY, MAY 17, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000

INDIA, AUSTRALI A

AND CHINA

Issued & Fully Paid-Up 80,000,000 Incorporated by Royal Charter, 1850

Reserve Funds:

Sterling

.18 of

STOCKS

Last Sale

11 off 721 1 of

May 15

May 15

Adams "Express

54

14.75b 22 off

Alleghany Steel Co.

204

Kennecott Copper Libbey-Owens-Ford

938..

$20,000,000

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

Reserve Liability of Pro-

prietors..... Proprietors

£3,000,000

£3,000,000

£3,000,000

Glass

302

Change

Allis Chalmers .. imer. Çan

Head Office:--HONG KONG

Lockheed Aircraft

201

791

Loew's Inc.

28

12.00/95

13,07:08

13.09/13

January March

13.11 N 13.22/25 13.31

12.78 N 12.81/81 .09 off 12.97/13.00 10 off 13.03/04 13.03/03 13.08/10 13.22.

.15 of

American Cyanamid B.

361

Martin Glen L

274

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

Amer. & Forelen Power

#

Montgomery Ward

321

Chairman.

Amer & Foreign $7 pf.

174

National Aviation ..

71

.07 off

Amer. Locomotive"

111

|Nat. Dairy Products

W. H. Lack, Esq.,

13

.08 off

Amer. Metals Co.

17

National Distillers

19

14 Om

Amer. Radiator ..

6

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

J. K. Bousfeld, Esq.,

**

,09 off

Amer. Rolling Mil

191

National Supply Corp.

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

On Batavia : -----

Bank Bills, on demand 24 1/8 Credlis, 60 days' sight 24 7/5

Total sales Wednesday:-296,500 bales. The last trading day for May cotton 13 May 15

NEW YORK RUBBER

Amer. Sting and Ring Co.

371.

Amer Sugar Refining

15

New York Central .... Niagara Hudson Power

121

"Hon. Mr. S. H. Dodwell,

21

G. Miskia, Esq.,

HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2 Sub-Agencies In London: 117/192, Leadenhall Street, E.C.

West End Branch: 14/18, Cockspur Strest, S.Wi Manchester Branch: Mosley Street, Manchester," $.

Deputy Chairman,

AGENCIES AND BRANCHES

ALOE STAR AMRITSAR

HONG KONG FINANG

ILOILO

RANGOON

Amer. Tel. Tel.

1501

Amer. Tobarco "B"

642

[N. American Aviation North American Co.

BANGKOK

125.

121

On demand

48 1/4

On Paris:-

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

May July

(New contract) September. {

24.48b/50 23.99/99

24.30/30 23.85 N

:13 off

Amer, Waterworks.

4

Northern Pacific

64..

)

... 23.65b/69a 23.45/45

:14 off off

Anaconda Copper

241

Packard Motors

Atchison, T. & S. Fe.

27

Paramount Pictures

111

K. S. Morrison, Esq., Hon. Mr. T. E. Pearce,

Hon. Mr. 4. L. Shields, Bir Vandeleur M. Graybarn,

Chief Manager.

BATAVIA

BOMBAY

IPOE

MALDON

KERMICHA

KARACHI

SHANGHAI

KLASA

CALCUTTA

BINGAPORE,

AGENCIES:

KOBI

BITIAWAN

CLAVE STREET KUALA

FAIRLY PLACE

SOURABAYA

On Saigon:-

December {

On demand----------

-104 1/2

On Manila:-

23,30 N 23.10 N Total sales for the day-1070 tons. The last trading day for May rubber is May 27.

20 off

Aviation Corp.

23

Pennsylvania R.R.

LJMPCA

231

CANTON

TAIPING

Baldwin Lecometive

121

Phillips Petroleum

KOCKING

401

Baltimore & Ohlo

4

| Pullman Inc..........

243

Barnsdall O

On demand

48 1/4

Bendix Aviation

On Bangkok:-

CHICAGO WHEAT

Bethlehem Steel

Ori demand .....

149 1/2

July

On Sterling Note:-

September...

Bank Buying Rate

Now.

23 7/16

Wednesday's sales:-31,570,000 bushels.

991/991 981/98 100/1001 982/987

$

14 off

.Bliss Co.

1 off

Boeing Airplane Co.

Borg-Warner

Briggs Mfg.

CHICAGO CORN

Budd M'facturing Corp.

July

September

731/737 721/72! 741/748 734/734

off

Canadian Pacific R'way A

off

Celanese

Chesapeake & Ohio

NEW YORK MIDES

June

Chrysler Corpn.

14.97/97

September

15.14/14

14.75b/7Ba 14.90/92

22 off

'Columbia Gas & Elec. ......

,24 off

Commercial Credit Co.

Com, & Southern (Ord.)

Consolidated Edison

Consolidated 01

WAS

September

7.83/82 7.81/81

ei off

Copperweld Steel

Ourtis Wright (C.)

Douglas Aircraft.

"

Du Pont de Nemours

May July

2,48b/49a 2.48b/49a 2.52b/53a 2.51b/52a

anch,

Eagle Picher Lead

O1 of

Elec, Autolite

Elec Bond & Share

Elec. Bond & Share $5 pr.

Elec Bond & Share $6 pr.

Elec. Power & Light $7 př

Flatkote

·July

.02.of

Gen. Electric

Gen Motors

Gen. Railway Signal

July

11.77b/95a 11.80b/92a

".03 up

Gen. Tire & Rubber

Goodrich (B.F)

Goodyear Hire & Co. .....

10.84 (84

10.60/654

24 off

Great Northern Iron Ore...

Great Northern Rly, píd,

'Great Westem Sugar

10.00a

9.82/82

.18 off

int Nickel

Inter. Paper & Power .....

7.27b/30a 7.12/12

15 off

Int. Tel. Tel

Johnsman

1040/41

4.03-1/4

High Low Dow Jones Averages 15.80 111.84 30 Industrials

32.67 22.15 20 Raili

ม

26.45 17.31 20

92.19 83:08 40

69.76 48.74 11

1/32 for any delivery.

U. S. DOLLARS

111

SILVER MARKET

1/-

16/-

LONDON SILVER

15

22

Silver--Very

SHANGHAI DOLLARS

Lon, Mid, & Seat., Rly. 12#

£

War Loan, 34% (Red.

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

1898 (Brit. Issue Chinese 5% Gold Bonds,

1925/47

1031

Great Western Rly....... 337 National Bank of India 30 B.-A. Tob (bearer)

88/9

++ ...

101%

Dunlop Rubber

34/44

Spot, 23-7/16d.

བྷུ་

Bristol Aeroplane

9/10

Imperial Chemical Ind. 30/10)

39

United Steel

22/6

Woolworths

47/9

38

Marsman. Investments ...

8/3

nin. 44% Anglo-French

Western Holdings

10/9

Loan 1908

40.

Bub-Nigel

145/-

Chinese 5% Crisp Loan.

hell Trat

32 Trad

Ready

Opening

1912

201

(bearer)

40/-

May 21 Settlement

London

New York

Japan

India

Paris

0/3-1/8

Chinese, 5% Reorg, Loan,

*-bid

June 20 Settlement

5-3/16

1913 (Lan. Is)

284

22

Chinese 8% Ster. Notes.

17-1/4

nominai 20-3/4

1925 (Vickers)

7-9

Hongkong

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.

Calenta Exchange

Calcutta, May 15 (Reuter). 17 on Janari, 81-1/2

India Rupee Paper

Borabay, May 15 (Reuter. Govt. 31% Rupee, 95--06-0.

BROKERS LOANS New York, May 15 (Reuter). Loans on securities to biokera in New York: WK.-ended Wk.-ended Wk-ended 9/5/40 8/5/41 15/5/41 $477,000,000 $317,000,000 $318,800.000

LONDON GOLD

London, May 15 (Reuter). Bar Gold, Fine per o., 168!-

H.K. & 8 hal Bank (Col.

Reg) Chinese Eng. & Mining (bearer) ..................... Chosen Corporation Mercantile Bank of In-

Chin. Imperial Riy, 5%

Loan onan Rly, 5% Rukuang Rly 5%. 1911...

48

12

L.P. N/Y Issue)

13

Bukuang Rly. 5%, 1911

German Issue) Lung Thing & U

Fly, 5% 1913 6′bal-N'King Rly. 5% Tientaln-Pukow Rly. 5%

(Brit. Stpd.)

11

Fai

-14

10

Tientsin-Pukow Rly. 5%

(German 8tpd.) Tientsin-Pukow Rly. 5% Erit. Stpd. Supl, Loan) Tientsin-Fuków Rly, 5%

(Ger. Stpd. Supl Loan Jup. 8% Ster. Loan. 1924 Ger. 1% Intl. Loan, 1924 5 Chartered Bank

10

10

10

81

H.K. & S'hal Bank (Idn

Reg.).....

ཐཱ ུ་ཚུ་

204

INDO-CHINA

STEAM NAVIGATION.

Operating Services for Cargo and Fassengers

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

BINGAPORE, PENANG and CALCUTTA

SAND KAN

HAIPHONG

All steamers berth alongside

the Roosevelt Terminal in

the French Concession a

Shanghai, where passengers and cargo are landed.

72-4

For further particulara

please apply to

Ear Süver per or

Market Report

FROM ROZA BROS.

Friday, May 16. The price for Ready Silver drop- ped 1/16 yesterday to 23.7/16 but the Forward rate was unchanged at 23.1/2. Silver advices reported the market as being quiet featureless. American Silver quoted at 34.3/4 for Spot,

Total sales for the day:-155 lots.

and NEW YORK COCOA

The Londati/New York Cross-

The last trading day for May cocoa is May 12

-rate was quoted at 402.1/2. New NEW YORK SUGAR NO. 3

York/London was quoted at 403.

Quiet.

MARKET

STERLING «

No business. was reported. There were sellers at 1/3 up to July, buy- ers at 1/3.1/32 for any delivery.

U. S. DOLLARS

Volume of business done:-89 lots. The last trading day for No. 3 Sugar is May 23. NEW YORK SUGAR NO. 4

...... 854b/.88) 83b/84a Volume of business done:-496 lots. Opened with sellers at 24.7/16 with buyers at 24.1/2. Subsequent-NEW YORK COPPER FUTURES

ly business was done at 24.1/2. for! near and forward. The market -closed at 1p.m. with sellers at 24.

1/2, buyers at 24.9/16 for Cash..

SHANGHAI DOLLARS Opened with sellers at 456.1/2 with business done at 456.3/4. The market closed at 1 p.m. "with sell- ers at 456.3/4, buyers at 457.1/4.

SHANGHAI MARKET

NEW YORK COTTONSEED OIL

July

NEW YORK LARD

September

NEW YORK BLÄCK PEFPER

September.........

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

Quiet. There were sellers of last trading day is September 23. Sterling for near delivery at 3,9/32

for Spot and U.S. Dollars at 5.11/32

for Spot.

AFTERNOON MARKET

Quiet.

STERLING

The market closed with sellers

at 1/3 up to July, buyers at 1/3.

N.Y. Official Silver

34-3/4 34-3/4

N.Y.-London Cress Rate ........... 4.03-1/4

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, May 15. dia, £5, "G"

The following quotations are the Pekin Syndicate

The market closed with sellers middle prices at the close of the 8′hat Hec. Constr. Co.

st 24.1/2 for near, buyers at 24.9market in London. All quotations B'hai Waterworks "A" 10 for Cash.

are subject to confirmation and no Union Insurance responsibility is assumed for errors Gula Kalumpong Rubber. 15/- in transmission.

Business was done at 456.1/2 The market closed with sellers at 458, buyers at 456.172. -

SHANGHAI MARKET Quiet Sterling closed with sell ers at 3.9/32, for near and US Dollars at 5.11/32 for near..

Shanghai Exchange

Shanghal, May 18 (Reuter).

Official T.T. Rates

761

12/0

4/-

LONDON STOCK

EXCHANGE

LONDON, May 16 (Reuter)-The

Stock Exchange continued cheer- mand was met by productionful and Industrials were firm, es- sources. Market very quiet. In the afternoon, the market was feature! less, with no business,

Forward, 23-1/24 -

BOMBAY SILVER

Bombay, May 15 (Reuter). Market-Steady. Offtake 250 barg,

Indian Mint Silver

82-07 62-07 62-08'

pecially Breweries, on fair invest- ment buying

Gilt-edged early deciined slightly but closed steady,' Olla tended easier and Katirs were maintained apart from early Cape offering of non-producers,

Coppers and Tins were firmly. held and foreign bonds were firm. Egyptian 4 per cent a pound high- er at 75, Czech 8 per cent, three up at 37.

Wall Street was hesitant.

"

JARDÍNE MATHESON&Co.,LTD. TELEPHONE ZOJII QGENERAL MANAGERS "

Mukden Tokyo

Tsingtao Peiping Yokohama. Pedang

#

CURRENT ACCOUNTS opened

NIW YORK

(Bhuket)

THINGTAL

YOKOHAMA.....

PIPING (Peking)

Fussion ExchaÑor sad General. Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITs received for Ons Year or aborter periods in Local or Other Currencieë st rates which will be quoted on application:

SAVINGS ACCOUNTS also opened 10 Local Currency and Sterling with interest allowed at rates obtainable ou application.

in Local Currency and FIXED DE-

The Bauk'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 various sizes to let.

BOXES of

EXECUTOR

A Hongkong. 28th February, 1941.

HONGKONG, SAVINGS

BANK

The Business of the above Bank

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

W. H. EVANS THOMAS,

Manager.

SHANGHAI BANKING COR-Authorised Capital....$10,000,000.001). PORATION. Rules may be obtain- Paid-Up Capital 5,598,800.00

ed on application.

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

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

Reserve and Undivided

Profits

Head Office:--HONG KONG

No. 10 Des Voeux Road, Central

Board of Director. HON. SI SHOUSON CHOW, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwak, Esq. Wong Cba San, Sng.

15, QUEEN'S ROAD, CENTRAL Woog Im Tong, Esq. Fung Ping Web Esq.

Interest Rates on Application,

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THE, CHASK NATIONAL BANK NEW YORK, with Resources of over U.S.43,800,000,000.

D. L. BALLANTYNE,

Manager,

THE MERCANTILE BANK OF. INDIA, LIMITED

Head Omeo-15, Gracechurch Street, London, EC.3

Authorised Capital Bubmerfhad Capital Paid-up Capital

Reserve Fund and Best,

The Bank of England and Midland

Bank. Ltd. BRANCHES:

Chan Ching Shok, Esq.

KAN TONG Po, Esq., Chief Mänager HÖN. MR. Lt Tax FONG, Manager

Ocenita Haiphong Hankow

solulu Love

Branches and Agencies:

Kowloon PODARK Loudon Bangoon

Manila Kalboste

Magusaks

Boarabay

Salon Barator dana Byday

New York donttia Vancouve Pazi

Semaran Shanghai

Every description of Banking and Exchange business transacted. Loans granted on approved securities.

Current Accounts opened in Local Currency and Fixed Deposite re- ceived

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

NAPE EPOBIT Boxes To LET.

KAN TONG PO,

Chief Manager.

Specially Chartered by

Kal Tre THE NATIONAL GOVERNMENT

OF CHINA AB AN INTERNATIONAL EXCHANGE

HONG KONG BRANCH: Every description of Beaking and Exchange Wastes granuletet.

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

CURRENT ACCOUNTS spent in Lol Car rency and FIXED DEPOSIT8 zoosived in Local Currency & STERLING os terms that may be

Ascertained on spy liestion.

D. BENSON,

Manger

WANT ADS

are

Quick!

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL ÖVER ÜHINA) Owing to car 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 Branchi 4, QUEEN'S ROAD, 0. South China Offices.

CANTON SWATOW

SHIUCHOW

KONGMOON TOISHAN 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.

Amoj

Pure Oil

9

Bangkok

Branches: Jobare Rangoon Kabe".. Saigon

CAW NPO RI

TIENTHIN

קן

MADRAS

CKBU

TONGKAN

COLOMBO

MANILA

33

Radio Corpn, of Am.

34"

Batavia

Kowicou.."

DELHI

MEDAN"

San

68)

Reading Company,

Com

147

Bombay

Kuala

141*

Remington Arms Co., Inc.

Calcutta

127.

Republic Aviation Corp....

3+

Canton

Franciaco Lumpur Shanghai London Singapore

HAIPHONG BANKOW

17

Republic Steel

171

Chatoo

Lyons

19

Reynold Tobaċ. "B"

281

Colombu

Malacca

31

Schenley Distflers

Dairen

Manila

9

Foochow

Muar

Sourabaya Sungei

Patani Swatow

34

Shell Union Ol

14

Haiphong (Johore) Tientsin

201

Socony-Vacunum Oil

9A

Rankow

341

Southern Pacific

108

Harbin

New York

551

Southem Rly $5 pfd. .....

223

22

Spicer Manufacturing Co

28*

Iloilo. Ipoh

231

Standard Brands

51

Stand Gas & Elec.

18

Standard OU of NJ.

361

5%

Studebaker Com

4

141

Swift International

18

71

Technicolor

.77*

4

but

Texas Corpn.

381

139+

Trans-America Co.

41

T

20th Cent. Fox.

51

TRUSTEE and

26)

Union Bag & Paper Corp. 104

business undertaken.

21

Union Pacific

80

57

United Aircraft

36

60+

United Airlines Trans

91

324

United Corpn.

127

United Corpn. $3 cum pf." 211

231

United Gas Improvement 67:

37

U.S. Rubber

211

BANK OF EAST ASIA, LIMITED

121

[U.S. Steel

51

is conducted by the BONGKONG

101

Vanadium

23+

12

Valtee Aircraft

16

Walworth Co. ..

141

Warner Bros. Piet.

2,983,261.60

243

Westinghouse Elec.

87

23

Woodward Iron Cor.

26

24 i

...

13

21

Chase National Bank National City Bank Libby. Monell & Libby

29* 247*

M

581

THE CHASE BANK

DOW JONES. AVERAGE

28.27

May 16, 1941. May. 14, High Low Close 117.01 117.37 116.54 115.73 29.30 27.74 27.77

Change 1.58 of

READ OFFICE:

50 off

Utilities

17.44.

17.47 17.29 17.32

12 off

Bonds.

91.01

Commodity Index

69.76

81.31 .30 off 50.03

.73 of Business Done: 500,000 shares

18, PINE STREET.

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

__

Amoy

Singapor

tria Bombay

7

Pelpl

London, May 15 (Reuter).

small trade

de

BANKERS:

£3,000,000

€1,800,000

£1,050,000

21,256,829

BANK OF CHINA

Bangkok

Ipoh

Bothay

Jaffan

Hadras

Galantia

New York

Columbo

Kandy

Panang

COMPANY LTD

Delhi

Hongkany Bowrah

Kangoon

Kota Bharu

Songhai

Kunia Lipia

Binala

Kuala Lumpur

dingapore:

Kanian