1941-05-20 — Page 10

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 19, 1941.

On London:-

Telegraphic

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

NEW YORK COMMODITY MARKET

New York Cotton, July New York Rubber, Jaly Chicago Wheat, July Chicago Corn, July New York Hides, June NEW YORK COTTON

July

October

On Shanghal:-

On demand

445

On Singapore ****

On dernand

52 3/4"

On Japan:-

On dengand

LCR 1/2

Transfer.

and demand

-82 6/8

Spot

December

January

March

On India:-

Telegraphic

On New York:-

Bank Billa, on demand 84 1/8 Credits, 60 days' sight 247/5

...... 45 1/4

On Batavia:—

On demand

On Paris:-

8 8 8 8

Bank Bills, on demand Noni Credits 4 months' sight Nam.

Total sales Friday:-173,200 bales,

The last trading day for May cotton is May 18. NEW YORK RUBBER

July (New contract) September ( December March

}

{

On Saigon:-

On demand go. 104 1/2.

On Manila:--

"On demand

48 1/4

On Bangkok

July

Ou Sterling Notes:-

On demand

Bank Buying Rate

149 1/9

September

Bar Silver per os, j............

Now. 24 1,2

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE) MAY 18, 1941.

STOCKS

11/16 Montgomery Ward

National Aviation

Nat, Dairy Prodricts

(N. American Aviation North American Co. Northern Parinc Packard Motors Paramount Pictures

Pennsylvania R.R

Last. Sale

May 17

ឌឌីវីឌីឌីនីទី២ និងតន

TUESDAY.

MAY 20, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital.. $50,000,000

INDIA, AUSTRALLA

AND CHINA

Issued & Fully Paid-Up $50,000,000 Incorporated by Royal Charter, 1888

Reserve Funds:

Sterling

£6,300,000 Paid-Up Capital....... ....£3,000,00€

B.K. Currency Reserve $10,000,000 Reserve Liability of

Proprietors

.$90,000,000

Head Office:~HONG KONG

Hoard of Directors: Hou. Mr. J. J. Paterson,

W. H. Lock, Esq.,

Beserve Fund.....

Reserve Liability of Pro-

prietors

£9,000,000

£3,000,000

HEAD OFFICE: LONDON:

38, Bishopsgate E.G..

Sub-Agencies In London 117/129 Leadenhall Street, E.C.

West End Branch: 14/16, Cookspur Street, S.Wi Manchester Branch: Deputy Chairman. 50, Mosley Street, Manchester, 1

Chairman.

AGENCIES AND BRANCHES -

J. K. Bousfold, Esq.,

A. H. Compton, Esq.,

L J. Davies, Esq.,

ALOR STAR

Hon. Mr. B. H. Dodwell,

AMRITSAR

BANGIOK

BATAVER

HONA KONG PINANG ILOILO

IPOH

RANGOON

BAIGON

KARAOB

MARIMBAN

SHANGHAI

SINGAPORE

BITIAWAN

KUALA

BOURAMATI

LUMPE&

TAIPING

KUCHING

MADHAB MANILA

TIENTSIM

TONGKAR

(Bhukos)

MEÐAN

THINGTAL

G. Miskin, Esq.,

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

BOMBAY

CALOUTTA

KLANG

KOBE AGENCLES!

CHIVE RENT

Chief Manager. PATELIE PLACE

Johore. Bangoon

Pedang

Saigon SAD

CANTON CAWNPORS

COLOMBO DELHI

Francisco BAITHONG

Tsingtao Yokohama

CURRENT ACCOUNTS opened

HANKOW

NEW YORK

TÖKÜRAMS

PIPING (Paking)

FOREIGN EXCHANGE and Gearst Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Que Year or shorter perioda in Loosi si Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable 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 sherter periods in Local and Other business, and claims recovery of Currencies on terms which will be British Income Tax overpaid, on

SAFE DEPOSIT BOXES. of various sizes to let

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

W. H. EVANS THOMAS,

Manager.

"(REUTER'S SERVICE)

J

NEW YORK, May 17, 1941. -

Prev. Today's

High Low. Close Close Change.

12.97 12.84 12,88 12.92

.04 up 24.35 24.35. 24.35 24.35

·DSJ 971 981. 723

721

73 ..72 14.87 14.82 14.83 : 14836. unch.

Close Closing 12.88/88 12.92/92

STOCKS

Last Sale

unch.

973

1 off of

May 17

Adams Express

$}*

Alleghany Steel. Co.

20*

Kennecott Copper |Libbey-Owens-Ford

Glass

291.

Allis Chalmers

254

Change

Amer. Can.....

791

1.04. up

American Cyanamid B.

36

Lockheed Aircraft Loew's Inc. ...... Martin, Glen L

13.04/04

13.06/06

02 up

Amer. Foreign Power ...

13.10/11

13.13/15

.03 up

Amar & Foreign $7 pf. ...

181

13.10 N

13.14b

.04 up

Amer, Locomotive

11**

13.15/16 13.23

13.20/30 19.99

06 up

Amer, Metals 03.

171

National Distillers

04 up

Amer. Radiator

61

Nat, Power & Light

Amer. Rolling Mill

13

National Supply Corp.

Amer, 6ting and Ring Co. 38

New York Central

Amer: Sugar Refining

151

Niagara Hudson Power

Amer. Tel,

Tel

1497

121

24.35/35

24.35/35 -23.80b/858 23.80/80

23.30/35 23,38b/39a 22.35 N

unch.

Amer. Tobacco "B"

84

unch.

Amer, Waterworks

#

+19

..06 up

Anaconda Copper

25

23.01 N

.08 up

Atchison, T. & 9. Fe.

271

Aviation Corp.

..22

Total sales for the day:-180 tons.

The last, trading day for May rubber, a May 27. CHICAGO WHEAT

Baldwin Lecometive

13.

Phillips Petroleum

Branches:

Baltimore & Ohlu

31

Pullman Ine............

Amoy

Barnsdall ou

91.

Pure Of ......

Bangkok

Kobe

Bendix Aviation

331

Radio Corpn. of Am.

981/98 991/994

· 973/977 981,981

off

с

"31

Batavia

Kowl

Bethlehem Steel

69

Reading Company,

Com

Bombay

Kuala

144-

Bliss & Co.

141

Remington Arms Co., Inc.

Caleurs

Lampur Shanghai

41

Friday's sales:-14,085,000 bushels." CHICAGO CORN

Canton

London

Boeing Airplane Co.

12%

Republic Aviation Corp.

31

Chefoo

Borg-Warner

16+1

Republic Steel

Lyons Sourabays

Singapore

172

Colum

Malacca

..

Sungei

July

September

NEW YORK HIDES

June

September

73/73

737/732

723/727 732/731

Briggs Mig. ...

184*

| Reynold Tobac, "B"

291

Dairen

Manila

3 off

Budd M'facturing Corp.

Schenley Distillers

94

Foochow

Muar

Patani Swatow

Canadian Pacific "R'way

31

Oelanese

201*

Shell Union Off Secony-Vacunum Of

144

Esiphong (Johor) Tientsio

91

Bankow

Mukder Tokyo

14.83/83 15.03/05

14.836/85a 15,03b/05a"

HJ

unch.

Chesapeake & Ohio

341

Southern Pacific...

113

Harbin

New lurk

unch,.

Chrysler Corpa,

58

Southem Rly $5 pfd.

Iloilo

Peiping

23

Coluntbis Gas & Mec. ......

21

Spicer Manufacturing Co.

Ipoh

29*

Commercial Credit Co...

221

Standard Brands

5%

Com, & Bouthern (Ord.)

11 4

Stand Gas & Elec.

7,85 N

Closed

Consolidated Edison

17

Standard Off" of N.J.

38

Consolidated Of

ė

Studebaker Com.

47

Copperweld Steel

141*

Swift International

181

Ourtiss Wright (C.)

8

Kechnicolor

B*

quoted on application.

July September

2.45b/46a 2.44b; 45a 2.48b/46a 2.44b/45a

01 off

Douglas Aircraft

85

Texas Corphi

393

01 off

Du Pont de Nemours

1404

Trans-America Co.

41

Eagle Picher Lead

73*

20th Cent, Fox

51

TRUSTEE

and EXECUTOR

Elec, Autolite

261*

Union Bag & Paper, Corp.

104

business undertaken.

Elec Bond & Share

21

Union Paciar

.804

Hongkong, 26th February, 1941.

Mec. Band & Share $5 p.

55

United Aircraft

371

July

846 844a 84b/.84a

unch.

"Plec. Bond-& Share $8 pf.

591

United Airlines Trans

NEW YORK COPPER FUTURES

July

Bec. Power & Light $7 pf°

324*

United Corpn

11:75b/988 11.75b/99a unch.

Flintköte

124*

United Corp. $3 cum pf.

NEW YORK COTTONSEED OIL

*July

Gen. Electric

28

United Gas Improvemen

Gen. Motors

97

U.S. Rubber....

10.67,67

10.67b/68a

unch.

Gen. Railway Signal,

12

U.S. Steel..........

Gen. Tire & Rubber ..

10*

Vanadium

9.87/87

9.92/92

.05 up

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

124

Vultee Aircraft

Goodyear Eire & Co.

16

Walworth Co.

Great Northern Iron Ore

7.12b/15a 7.11b/17a

141*.

.01 off

Great Northern Rly, pfd,

251

Warner Bros. Pict. Westinghouse Elec,

834

Great Western Sugar

231

Woodward Iron Cor

233-

Int Nickel

241

Chase National Bank

29*

34-3/4 4.03-1/4

unquoted* 4:03-1/4

Hong Kong, 26th Feb. 1839.

Inter. Paper & Power

13

National City Bank

242

21*

Libby. Monell & Libby

57*

THE CHASE BANK

DOW JONES" AVERAGE

1940/41

May 19, 1941.

Righ

Low Dow Jones Averages 153.80 111.84, 30 Industrials

May. 16, High Low Close

Change

115.86

116.28 115.83 116.11

..25 up

HEAD OFFICE:

32.07 22.16 20

27.84

27.87 27.75 27.82

12.oft

17.35

17.34 17.20 17.99

.13 of

• 81,36

69.00

91.30 68.98

Market Report

FROM ROZA BROS.

Monday, May 19.

Silver prices were unchanged

yesterday, the quotations remain-

Total sales for the day:-73 lots.

ing at 23.1/2 for Ready and 23.7/18 NEW YORK COCOA

for Forward. American Silver was September unquoted.

The London/New

York cross

The last trading day for May cocog is May 22. rate was quoted at 402.1/2. New NEW YORK SUGAR NO. 3

York/London was quoted at 403.

1/4.

Dull

MARKET

STERLING

No business was reported. There were sellers at 1/3 up to July. buyers at 1/31/32 for any de- Hvery.

U. S.. DOLLARSTM

A small business was done early in the morning at 24.1/2 for Cash. The market closed at 1 pm, with small sellers at 24.1/2 for near and forward, buyers at 24.9/16 for UBAH.

SHANGHAI DOLLARS Quiet. There were sellers at 458.1/2, buyers at 457.

SHANGHAI MARKET Quiet. There were sellers " of Sterling 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

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

1/32 for any delivery.

Nothing

I. "S, DOLLARS

doing. (The

Volume of business done:-101 lots, The last trading day for No. 3 Sugar 1s May 23. NEW YORK SUGAR NO. 4

NEW YORK LARD

September

NEW YORK BLACK PEPPER

September

The First Notice Day for September black pepper la Aug. 28 and last trading day is September 23.

NY. Official Silver NY-London Crete Rate

LONDON STOCK

EXCHANGE

(REUTER'S, SERVICE)

London, May 16.

The following quotations are the market middle prices at the close of the closed with sellers at 24.7/16 for market in London. All quotations near and 24.1/2

forward. are subject to confirmation, and no for

responsibilty is assumed for errors in transmission.

buyers at 24.9/18 for Cash,

SHANGHAI DOLLARS

The market closed with sellers

at 456, buyers at 458.1/2.

SHANGHAI MARKET Sterling closed with sellers at 2.9/32 for Spot and U. S. Dollars at 5.11/32 for Spot. Dull.

Shanghai Exchange

Shanghai, May 19 (Reuterì.

Official TT Rates

Opening

War Loan. 3% Red

after 1952)

Defence Loan, 3% Janton-Kloan Rly. 5% Chinese 4% Gold Lan

1898 (Brit Issue)

Chinese 5% Gold Bonds.

1925/4T

Loan 1908

£

||

103-7/18

1011

9"

39

གྷ་ ཚུ

H.K. Stock Exchange

BUYERS

H.K. Banks, $1310.

Bank of East Asla, $71, HK. Fire Ins., X.D., $176. Indo-Chinas (Pref), $80. Providents, $5.05. Hotels, $2.85,

Lands, $31.

Lights (0), $5.70. Electrics Rts., $11.85. Macao Electrics, $18.50. Ropes, $8.50. Entertainments, $625,

SELLERS

Macao Electrics, $18,90,

Humphreys, $6.40, Trams, $15,90.

HONGKONG

SHAREBROKERS

· ASSOCIATION

Chin. 41% Anglo-French

SALES

40

Chinese 5 Crisp Loan.

1012...

H.K. Banks, $1310.- Lands, $31.

204

London

0/3-1/8

Jhinese 5% Reorg. Loan,

New York

..... 5-3/10

1913 Ldn. Is.)

284

Japan

India

..... 22.

17-1/4

Chinese 8% Ster. Notes.

1925 (Vickers)

7-9

Paris

Hongkong

nominal 20-3/4

Chin. Imperial Rly. 5%%

Sterling

Loan Honan Rly. 5%

12

Hukuang Rly 5%, 1911...

L.P. N/Y Issue)

Volume of Business Transacted

13

Spot

Bukuang Rly, 5%. 1911

May

0/3-9/32

German Issue>

June

0/3-9/32 0/3-9/32 D.8. Dottaen

Lung Tsar & Ú. Hai

RIF. 5% 1013

HK. Electrics: (0) Humphreys

133

Bhai-N'King Riy. 5%.

14

Spat

Tientsin-Pakow Rly. 5%

(Brit. Stpd.)

233

10

The total value is $3,076.20.

10

Fellera

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

on Monday, May 19, 1941.

SALES

Int. Tel. Tel. Johnsman

26.46 17.31 20

Raila

Utilitiea

02.19 83.06 40 Bonds

69.76 48.74 11 Commodity Index

ECONOMIC DEVELOPMENT

OF KIANGSI

.ot of .02 off Business Done:-140,000 shares

NEW MINISTRIES

The newly-created Ministries of Food and Trade. will be formally established in the near future, ac- cording to a Ta Kung Pao report, which adds that the organic laws To promote the economic-de- velopment of Klangsi, the Kiangsi. Of the two ministries have been

drafted and Provincial Government in conjunc-

are awaiting Anal tion with the Ministry of Economic approval by the Central Authori

ties (Central News). Affairs has decided to establish a factory for the manufacture ot

hempen fabrics.

A joint capital of $300,000 has match factories for, the mass pro- been raised to finance the pur- duction of matches to meet the chase of machinery and raw ma- demands inside and outside the terials. The factory is expected to province. The factories are now start operation in the near future. giving employment to some 30,000 Meanwhile, the Klangsi author man and woman workers in the tles have established three large province (Central Newa).

HONGKONG SAVINGS

BANK

The Business of the above. Bank is conducted by the BONGKONG SHANGHAI BANKING COB PORATION. Rules may be obtain ed on application.

For the HONGKONG. &. SHANGHAI BANKING CORPORATION.

V. M, GRAYBURN,

BANK OF EAST ASIA. LIMITED

5,598,600,00

Authorised Capital...$10,000,000.00 Paid-Up Capital- Reserve and Undivided

Profits

.....,083,281.50

Head Office:-HONG KONG

Chief Manager. No. 10 Des Voeux Road, Central

Board of Director.

HON. SIE SHOUZON CHOW, Chairman

Li Koon Chan, Esq.

P. E. Kwok, Baq.

18, QUEEN'S ROAD, CENTRAL Wang Tan Tong, Esq.

Chan Ching Shor, Esq.

Li Lao Bang, Zeg.

Wong Cha San, E

Fung Ping Wah Eq.

KAN Tone Po, Esq., Chief Manager HON. ME. LI Tax FONG, Manager

."

18, PINE STREET.

NEW YORK. An American Bank offering con-

plete Foreign Banking Servicey

· Branches and Agencies:

in the principal Markets of the Sta world.

Interest Rates an Application,

SAFE DEPOSIT BÒŽES

Boobay

Caloutta Haiphong

Hankow Honolu

KOL

London

Kowlook PRACH Singapore

Hangoon Bourabay Balgan Batow Melbourne Bad Fran- Bydney

cano. Tentu

Semarang Shangha

New York Beattie Pi

Polping

Every description of Braking and This Bank is entirely owned by Exchange business transactati. Loan's

NATIONAL BANK, granted on approved securities

THE CHASS

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

"D. L. BALLANTYNE,

Hanager,

WANT-ADS Cheap!

ARE

INDO-CHINA

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

BAYE Exposit Boxes To LY.

KAN TONG PO,

Chief Manager.

BANK · OF · CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

100 $22.25 STEAM NAVIGATION COMPANY LTD PAID-UP CAPITAL 40,000,000.00

May........

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

5-11/32

5-11/32

June...... 5-11/32 5-3/8

Market:-Quiet but steady

Silver Duty Ráte

The Cantzal Bank of China's

rate on London at roa.m. today was 1/2-1/2d.

Tientsin-Pukow Rly. 5%

(German Spd.) Tientsin-Pukow Rly, 5%

Brit, Stpd. Supt. Loan) 10 rientsin-Pakow Rly. 5%

The Equalisation rate was 24-1/2Jap. 8% Ster. Loan, 1924 234

Ger, 7% Intl. Loan, 1924 5 Chartered Bank

per cent

COTTON MERCHANT|HE, & s'hat Bank (Ldn.

Yao Yu-tul, owner of the Yu Hwa Colton Mili in Shanghai, was Chinese Eng & Mining kidnapped last night on Rue Mas- (bearer)

Bhai Waterworks "A" 15 Union Insurance

KIDNAPPED.

6.40

Operating Services for Cargo and Passengers

TO

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Termical in the French Concession' at,

Shanghai, where passengers

22

(Ger. Stpd. Supl, "Loan)

10

Gula Kalumpong Rubber 15/- Lon, Mid, & Scot., Rly. 12

Great Western Rly.

337

National Bank of India 31

B-A, Tob (bearer)

68/9

Dunlop Rubber

34/3

Reg.j H.K. & Bhat BADK (Ool

Peg)

73

Bristol. Aeroplane

0/101

and cargo are landed.

Imperial Chemical Ind. 30/9

701

United Steel

22/72

Woolworths

47/9

12/6

Maraman › Investmenta

.6/3

senet in French Concession, ac-Chosen. Corporation cording to a Shanghai dispatch, Mercantile Bank of In-

Ransom is believed to be the din. £5. "G" motive of the abduction-(Central] "«kin Ryndicate *News).

41-

Western Holdings

10/8

:

Sub-Nigel

*143/9

111

#hell

B'hal Elec. Constr. Co.

1/-

· .18/-

bic

& Trad (bearer)40/-

For further particulars.

please apply to....

JARDINE MATHESON&Co. LTD. TELEPHONE ZOSILLIGENERAL MANAGERS:

(BRANCHES ALL OVER URINA) 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.

CANTON-

SWATOW

KONGMOON

TOISHAN

SHIUCHOW KINGCHOW

We also handle the Issue of Bónda And other Public Fund of the Chinese Government both at: Home and Abroad.

SHOU J CHEN,

Manager.