1941-05-24 — Page 10

(REUTER'S SERVICES

..

NEW YORK. May 22, 1941.

"

440

52 3/4

103 1/2

On India:-

Telegraphic

Transter.

82 6/8

....... 104 1/2

48 1/4

July

149 1/2

September

Bank Buying Rate

Now.

23 7/16

CTORS-

at

403

and demand On New York:-

8 5 8 8 8 8 8 8 8 8

Bank Bills, on demand 2 1/4 Crediis, 80 days' sight 24/7/8 On Batavia:-

*** 45 1/4

On demand

On Parts:-

Bank Bills, on demand Nout Credits 4 months' fight Nom

On Saigon:-

On demand

On Manila:—

On demand

On Bangkok:---

On demand

On Sterling Notes:--

Bar Bliver per oz.

Market Report

FROM ROZA BROS.

Friday, May 23.

The price for Ready Silver drop pec 1/16 yesterday to 23.7/16 but the Forward rate was unchanged

at 23.7/16. Silver advices reported

the market as being steady. Ameri-:

NEW YORK HIDES

June

Total sales for the day:-331 lots." NEW YORK COCOA

can Silver was quoted at 31.3/4 for NEW YORK SUGAR NO. 3 Spot.

The Lendon/New York rate was quoted at 402.1/2. New York/London was quoted

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

High Low 13.14 12.87

Prey Today's

Close Close 13.06 12.99 23.50 22.50 23.30 22,50 1001

1001 05+ .741 T2 741 15.38 14.85

Close

Change

.07 · off

.70 of

973 73 15.36b 14.97 39 of

21. 00

STOCKS

off

Adams Express

Closing

Change

Alleghany Steel Co.

Allis Chalmers...

July....

13.06/07

12.99/13.02

.C7 off

Amer. Can

October

13.20/20

13,13/15

.07 off

American Cyanamid B.

December

13.27/27

13.20/20

.07 of

Amer. & Foreign Power

January

13.27 N

13:20 N

.07 of

Amer

& Foreign $7 pi. ...

March

13.33/33

13.27/29

06 off

Amer. Locomotive

May

Spot

13.33 N 13.37

13 28/28

.05 off

Amer. Metals Co. ..........................**

13 41"

.0 up

Amer, Radiator

PAGE 10-HONGKONG 'DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 23, 1941.

On London:-

Transfer. 274 Telegraphic Bank Bills, on demand 1/2 7/8 Credits 4 months' sight On Shanghai:--

On demand

On Singapore:-

On demand On Japan:-

On demand

NEW YORK COMMODITY MARKET

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S 'SERVICE).

MAY 23, 1941.

STOCKS

16

SATURDAY, MAY 24, 1941.

t

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION ...

Authorised Capital 850,000,000

INDIA, AUSTRALIA ̧

AND CHINA

Issued & Fully" Poid-Up 890,000,000 Incorporated by Royal Charter, 1859

Reserve Funda': Sterling

Head Office:-HONG KONG

Chairman.

£3,000,00 HEAD OFFICE: LONDON: ·

33, Bishopsgate E.C.9. Sab-Ageneles la London

117/122, Leadenhall Street. E.C.2 West End Branch: 14/18, Cockspur Street, S.W 1 Manchester Branch: Deputy Chairman. 52. Mosley Street, Manchester,

AGENCIES AND BRANCHES-

ÆÐUR. STAR ...

HONG KONG PINANG

Last Sale!

Last Sale

Proprietors

.$20,000,000

£8,300,000 Paid-Up Capital ....£3,000,000 B.K: Currency Reserve $10,000,000 Reserve Fund

Reserve Liability of Pro Reserve Liability of

prietors

བྷཱབྷཱ ཎཱ མ ས དྷ བྷཡཱ རྣམ ཝ

£2,000,00

May 22

May 22

· 57

21

Kennecott Copper Libbey-Owens-Ford

3

Glass

29

263

Lockheed Aircraft

21

80

Loew's Inc.

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

367

Martin, Glen L

5/5

Montgomery Ward

W. H. Lock, Esq.,

17+

National Aviation

12

Nat. Dairy Products

13+

J. K. Bousfeld, Esq.,

172

National Distillers

192

A. H. Compton, Esq.,

61

Nat. Power & Light

L. J. Davies, Esq.,

Total sales Wednesday:-135,903 bales.

Amer. Rolllag Mill

133

National Supply Corp.

Hon. Mr. S. H. Dodwell,

AME TRAN

ILOILO

BANGOO

Amer. S'ting and R'ing Co.

39#

New York Cental

G. Miskin, Faq

12

NEW YORK RUBBER

July

(New contract) September ( December March

}

}

1

23.30/30

23.01/01

22.60/60

رم

22.22 N

22.60/60 22.35/35 21.85/90 21.40/40

..70 off

Amer. Sugar Reaning.

141

Niagara Hudson Power

K. S. Morrison, Esq.,

24

Hon. Mr. T. E. Pearce,

.66 of

Amer. Tel, & Tel.

150

N. American Aviation

123

.75 off .82 off

Amer. Tobacco "B"

631

North American Co. mani,

12

Amer. Waterworks

4

Northern Pacific "

68

Anaconda Copper

251

Packard Metors

21

Total sales for the day:-2,280 tons. The last trading day for May rubber is May 27. CHICAGO WHEAT

Atchison, T. & 8; Fe.

26)

Paramount Pictures

Branches:

Aviation Corp.

27

Pennsylvania RIR.

234

Baldwin Lecometive

13

Phillips Petroleum

41

Amny

: Johore

Baltimore & Ohly

31

Pillman Inc...................

27]

Bangkok

Robe

100/100 971/971 1014/101 981/987

24 off

Batavia

Kowloon

Rangoon Saigoa San

Hon. Mr. A. L." Shields, Sir Vandeleur M. Grapburn,

Chief Manager,

BATAVIA

BOMBAY

CALCUTTA

AORNOIES: CLAVE STREET FAIRLIN PLACE

CANTON

DAWNFORE

COLOMBO

IPOH

KARACHI

KLANG

KODN

KUALA

LUMPUR KUCHING

MADRAS

MANILA

BANGKOK

SAIGON

Barnsdall O

91

Pure Ou

94

24 off

Bendix Aviation

334

Radio Corpn. of Am.

Bombay

Kuala

Franciaco

31

Calcutta

Lumpur Shanghai

Wednesday's sales:-13,923,000 bushels. CHICAGO CORN

Bethlehem Steel

те

Reading Company,

Com

144

Canton

London

Singapore

Bliss & Co.

141

Remington Arms Co., Inc.

Chefoo

Lyon

Sourabaya

Boeing Airplane Co,

12

Republic Artation Corp.

37

Colombo

Malacca

Sungei

July

September

78.741 731/738 751/751 743/741

off

Borg-Warner

16

Republic Steel

18

Dairen

Manila

Patani

off

Briggs Mig.......

187

Reynold Tobac. "B"

29%

Foochow

Muar

Sw&tow

Budd M'facturing Corp.

31"

Schenley Distillers

*91

Haiphong

(Johore) Tientsin

September

15.36b40a 14.97/97 15.60/61 15.15b/18a

.39 off

Canadian Pacific R'way'

Shell Union Oil

Hankow

14.

Mükden Tokyo,

Harbin

New York

.45 off

Celanese

19

50cony-Vacunum O

9+

Iloilo

Chesapeake & Ohio

348

Southern Pacific

11

Ipoh

Peiping Yokohama Penang

Chrysler Corpo.

561

Southern Rly $5 pfd.

22

Coluntbla Gas & Mec.

21

Spicer Manufacturing Co.

294*

September

7.80/79

7.45 N

.35 of

Commercial Credit Co.

217

Standard Brands

54

The last trading day for

May cocoa is May 22.

Com, & Southern (Ord.)

5/16

Stand Gas & Elec.

7/16**

Consolidated". Edison

174

Standard Oll of NJ.

37

Consolidated Oll

61

Studebaker Com.

41

July

September.....

2.44b/45a 4.47b/483

241b/42. 2.45b/462

03 off

Copperweld Steel

14

Swift International

181

02 off

Curtiss Wright (C.)

8

W'echnicolor

81

SAFE

1/2...

Dull

MARKET

NEW YORK COTTONSEED OIL

July

NEW YORK BLACK PEPPER,

September

N.Y.-London Crose Rate

STERLING

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

U. S. DOLLARS

No business was reported. There were sellers at 24.7/18 for forward 24.1/2, for and near, buyers at Cash.

SHANGHAI DOLLARS Quiet. A small business was done! Burly in the morning at 453. Later sume business was done at 452.1721 1 market closed at 1 pm, with sllers at 452.1/2. buyers at 453 for Cash.

SHANGHAI MARKET Sterling opened with sellers at 9.5 16 and then receded to 3.19/64.

NEW YORK LARD

September

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

N.Y. Official Silver

LONDON STOCK EXCHANGE

(REDTER'S SERVICE)..

London. May 22, ¡8.K. & Shai Bank (Col

Eeg)

The market closed with sellers at middle prices at the close of the Chinese, Eng. & Mining

3.5 16 for Spot. US. Dollars open- sub- ed with sellers at 5.3/3 and sequently the rate was reported to be 5.3/8. At the close sellers were reported at 3.13/32 for Spot,

AFTERNOON MARKET

Quiet.

market in London. All quotations are subject to confirmation and no responsibility is assumed for erros | In transmission.

STERLING No business was

reported. The Canton-Kloon Bly. 5% market closed with sellers at 1/3 up to August, buyers at 1/3.1/32 for any delivery.

י

U. S. DOLLARS Quiet. The market closed with sellers at 24.7/16 for forward and near, buyers at 24.1/2 for Cash. No business was reported.

SHANGHAI DOLLARS

Quiet. Sellers at 452.1/2. buyers probably at 452.3/4.

SHANGHAI MARKET Closed with sellers of Sterling 33.5/16 for Spot and U.S. Dollars at 5.13/32 for Spot.

Shanghai Exchange

Shanghai, May 23 (Reuter):

Official TT Rates

Opening

Chin. 4% Anglo-French

Loan 1908 Chinese 5

1912

Chinese 5% Reorg, Loan.

1913 Ld. Is.)

ལྷ་སྐུ་སྐྱུ་བླ་སྶ ་ ཡྻཱ

(bearer) bid

Volume of business done:128 lots. The last trading day for No. 3 Sugar is May 23 NEW YORK SUGAR NO. 4

July NEW YORK COPPER FUTURES

July

Douglas Aircraft

86

Texas Corpn.

39@

various sizes to let

Du Pont de Nemours

143

Frans-America Co.

41

TRUSTEE

and EXECUTOR

Eagle Ficher Lead

8

20th Cent. Fox

54

business undertaken.

Tsingtao

FORK.

NEW YORK

YOKOHAMA

PIPING (Paking)

Excnason and Geurs) Banking Business transacted.

CERRENT ACCOUNTS opened and FIXED DEPOSITS received for Cos Year or shorter periods in Local os Other Currencies at rate which will be quoted on application.

SAVINGS ACCOUNTS also opened in. Local Currency and Sterling with interest allowed at rates cbtainable

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.

DEPOSIT BOXES of

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

W. H. EVANS THOMAS,

Manager.

DILHI HAIPHONG

KIDAN

SEREMBAK

SHANGRAT

SINGAPOR

SITIAWAN

SOURABAYA

TAIPING

TIENTSIN

TONGKAM

TSINGTAL

(Bhuket)

HANKOW

Bec. Autolite

26#

83b/83a87b/.8iła

.02 off

Union Bag & Paper Corp. 101

Hongkong, 26th February, 1941.

Elec. Bond & Share ......................

2

Dalon Pacine

801

Elec. Band & Share $5 pt.

542

United Aircraft

381

11.75b/95a 11.75b/95a...

unch.

Elec. Eond & Share $6 pf.

592

United Akilnes Trans

10

Elec. Power & Light $7 pf.

29

United Corpn.

11/18

10,30b

10.88b/00 19.63/68

10.00/00

20 off

Fitntkote

127

Dnited Corpn. $3 cum pf. 217

Gen. Electric

283

United Gas Improve

£9

Gen. Motors

378

U.S. Rubber

21

30 off

Gen. Railway Bignal.

13

U.S. Steel

524

Gen. Tire & Rubber...

102

Vanadium

224*

7.25b/282

6.27/27

98 off

Goodrich (E.F.)

Goodyear Tire & Co.

121

Vuitee Aircraft

5

161

Walworth Co.

31-3/4 4.03-1,4

34-3/4

4.03-1/4

Great Northern Iron Ore Great Northern Rly, pfd,

.144

Warner Bros. Pict.

31

25

Westinghouse Elec..

87.

Great Western Sugar

231*

Woodward Iron Cor

261*

Int Nickel

24+

Chase National Bank

Inter: Paper & Power

13

National City Bank

243*

Int. Tel. & Tel,

21

Libby. Moneill & Libby

THE CHASE BANK..

Johnsman

584

HONGKONG SAVINGS

BANK

The Basiness of the above Bank is conducted by the BONGKONG SHANGHAI BANKING COR- PORATION. Bules may be obtain ed on application.

For the HCNOXONG & SHANGHAT

BANKING CORPORATION...

7. M. GRAYBURN,

Chief Mandger. Hong Kong, 25th Feb., 1830.

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$10,000,000.00 Paid-Up Capital 5,598,600.00 Reserve and Undivided

Prosta

2,583,281.50

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

Bourd of Director. HON. SIE SHOUSON CHOW, Chairman Li Koon Chan, Eaqə. Li Lan Sang, Esq.

B. K. Kwok, Esq. Wong Chu Son, Esq.

15, QUEEN'S ROAD, CENTRAL Wong Yan Toug, Esq. Fang Ping Wsh Esq.,

DOW JONES AVERAGE

1940/41

May 23, 1941.

"The following quotations are the

76

-11/

Chosen, Corporation Mercantile Bank of In-^

DIR. 5, "0"

4/-

92.19 83.08 40

69.78 48.74 11

11

-xia Syndicate

1/-

S'hal Elec. Constr. Co.

16/-

War Loan, 31% (Red,

after 1962) Defence Loan, 3%

S'hai Waterworks "A"

15

103-9/16

Urdon Insurance

22

1014

9

Chinese 41% Gold Iwan

1898 Brit. Issue).... Chinese 5% Gold Bonda.

1925/47

38

Gula Kalumpong Rubber Len, Mid, & Scot., Rly. 121 Great Western Rly....... 331 National Bank of India

15/-

31

B.-A. Tob (bearer)

88/9

38

Dunlop Rubber

32/9

Bristol Aeroplane

10/-.

37

Crisp Loan

Imperial Chemical Ind. 30/10

United Steel

*22/9

21

Woolworths

48/104

Mararaan Investments....

8/3:

29

Chinese 8% Ster. Notes,

1925 (Vickers)

Western Holdings

11/3

Sub-Nigel

142/6

7-9

Shell Tran

2

Trad

Ready

Chin. Imperial Rly. 5%

Loan Honan Rly, 5% Hukuang Rly 5%, 1911....

(L.P. N/Y Issue) Bukuang Rly..5%, 1911.

(German Issue)

40/7

June 20 Settlement

48

-ox div

July 19 Settlement

61-13- 61-13" 61-13

10

14

13

London

New York

Japan

Indta

Paris

Hongkong

0/3-3/16 5-3/10 22

Lung Taing & U. Ea1 Rly. 5% 1913........... 6'hal-N'King Rly. B% ... Tientsin-Pukow Rly. 5%

(Brit. Stpd.)

9

14

10

Tientsin-Pakow Rły, 5%

Sterling

Sellers

17-5/8. nominai 21-1/8

*German Stpd.)

10

TO-

Tientsin-Pukow Bly. 5%

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

10

Spot

May June

Spot

May

Jooning Closing. 0/3-5/18 0/3.5/16 0/3-5/10 0/3-5/16 0/3-5/10 0/3-5/16 U.S. Dollars

$5-13/32 $5-13/32 5-13/32 5-13/32 5-13/32 5-13/32

(Ger. Stpd, Sup!, Loan) Jap. 5% Ster, Loan. 1924 23-25) Ger, 7% Intl. Loan, 1924 5 Chartered Bank

10

B7

HK. & S'hal Bank (Lan

Reg.)

75

Calcuna Exchange“

******* (1812AQ)

High Low Dow Jones Averages

Industrials 12.80.111.81 30

32.67 22.15 20" Rails. 20.45 17.22 20 Utilities

Bonda

Commodity Index

May. 21, High Low Close

Change

117.82

117.98 116.68 118.81

1.01 off

Chan Ching Shok, q..

""

:

HEAD OFFICE:

19, PINE STREST.

KAN TONG PO, Esq., Chief Manager HON. MR. LI Tar Foнa, Manager

NEW YORK.

28.12

28.10 27.75 27.76

.3€ of

17.26

17.17 17.00 17.00

.25 off

91.46

91.23

.23 of

69.69

68.43

1.26 off

Business Done:-400,000 shares

June ......

Market: Quiet, ·

Rilver Duty Rate

The Central Bank of China's

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

The Equalisation rate was 24-1/4 per cent

1.

Calcutta, May 22 (Reuter), TT on Japan, 81-172

India Rupee Paper

Bombay, May 22 (Reuter) Govt. 34% Rupee, 95-04-0..

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE PENANO and CALCUTTA

SANDAKAN

HAIPHONG

All steamers borth alongside ..the Roosevelt Terminal in the French Concession at

Shanghai, where passengera and cargo are landed..

For further particulars

please apply to-

JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZILO GENERAL MANAGERS.

BANKERS:

The Bank of England and Midland- Bank Ltd. BRANCHES:

Банккой

Ipeb Bombay Jatas

Calcutta

Colombo

*Delhi

Hongkong

Howrs!

Konnten

·Huala TreagÐJ Madras

Rangoon

New York

Kandy

Penang

Karachi

Kota Bharu

Shanghai

Koala Lipis

B

Kuala Lumpur Singapore

HONG KONG BRANCH:

Every description of Banking and Kichangé benim atod.

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN İNTERNATIONAL EXCHANGE

HOME BANK

PAID-UP CAPITAL $40,000,000.00 *

(BRANCHES ALL OVER CHINA)

Owing to our numerous Branches ·

in China and connections in the

TRUSTEE AND EXECUTORSHIP principal Commercial Centres of

UNDERTAKEN

CURRENT ACCOUNTа opened in Local Our.

the World, we are able to extend

74067, And FIXED DEPOSITB mired in Lossi to our Clients special facilities for Currabey & BTXBLING on terms that may be Domestic and Foreign Banking and

scertained on my lication.

D. BENSON.

Managor

WANT ADS

ans

Quick!

Exchange.

Head

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

CANTON BWATOW

SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonds,

and other Public Eunds of the Chinese Government both at Home and Abroad,

SHOU J. CHEN,

Manager.

SILVER MARKET

LONDON METALS,

EXCHANGE

London, May 22 (Reuter).. THI Standard. Cash, Middle after-Price, £268-5/16.

LONDON SILVER London, May 22 (Reuter).. Silver-Market quiet, but steady. with no business. In the noon, the market was steady.

Spot, 23-7/18d.

Forward, 23-7/186,

BOMBAY SILVER

Bombay, May 22 (Reuter).

Market Easy. Offtake 100 bars.

Indian Mint Silver

Tin, Standard. 3 months, Middle Price, £266-7/8.

Market qulet.

BROKERS

LOANS

New York, May 22 (Reuter). Loans on securities to brokers in New York:- WK.-ended Wk-ended Wk-ended

15/5/41.... 22/5/41 16/5/40 $458,000,000 $313,000,000, $332,000,000

An American Bank offering com-

plete Foreign Banking Service Amay in the principal Markets of the Bombay world. Interest Rates on Application.

2

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANE, NEW YORK, with Resources of over U.S.$3,800,000,000.

D. L. BALLANTYNE.

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Omco-15, Graeschurch Street. London, EC.3

Authorised Capital

Subscribed Capita! Prid-ar Capital Boserre Fund and Rest,

K

"Branches and Agencies:

Kowloon Penanx London

diag paro Hanzoca

Bourabay Saigon awow

San Fran. Sydney

Tota Vancodta

Semarang Sbangbi

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

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

noted on application.

SAFE EPOBIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

40,000,000

€1,800,000

£1,000,000

€1,284,539

BANK OF CHINA

Batavia

Marija

Melbourne

Haiphong

Nagunks

Baskon Honolulu

New York

Seale

Paily

Paiping