HONGKONG
WEDNESDAY, MAY
BANKS
28. 1941
& SHANGHAI THE CHARTERED BANK OF BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA
Issued & Fully" Paid-Up #20,000,000 | Incorporated by Royal Charter, 1850
(Bhuket)
TOINGTAŁ
NEW YORK, May 26, 1941.
On Shanghal:---
On demand
Un Singapore:-
440
On demand-
On Japan:-
On demand
On India:—
Telegraphic
and demand
O New York:-
Transfer 182 /
.
Bank Bills, on demand 24 1/3 Credits, 80 days' sight 24 7/5/
On Batavia-
On demand. ..................................... 45 3/4
On Paris:-
Bank Bills, on demand Nom. Credits 4 months sight Nomu.
52 3/4
New York Cotton, July New York Rubber, July Chicago Wheat, July Chiengo Corn, July New York Hides. June
NEW YORK COTTON
July
15,01
"Close
Prev. Today's
Righ Low Close Close Change 13.25 13.13 13.20 13.12 .04 up 22.84 22.53 22,70N 22,55 .15 off
961 981
671
4 of 97 743 737 731 74) i up 14.93 15.00 14.96 04 off
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS MAY 27, 1941.
On London:--
Telegraphic Transfer. 7/4 Bank Bills, on demand 1/2 7/8 Credits 4 months" sight
NEW YORK COMMODITY
(REUTER'S SERVICE)
MARKET
NEW YORK STOCK EXCHANGE
QUOTATION
'(REUTER'S SERVICE)
MAY 27, 1941.
Authorised Capital 850,000,000
บ
Reserve Funda: Sterling
STOCKS
Last Sale
STOCKS
Last Sale
May 26
May 26
Adams ExpZEŃS
5*
Kennecott Copper
351
£ 8,600,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Beserve Liability of
Proprietbri
£3,000,000 £3,000,00#
..$20,000,000
Reserve Liability of Pr
prietors
£3,000,000
Alleghany Steel Co.
201
Libbey-Owens-Ford
Glass 30.
Allis Chalmers..
251
Lockheed Aircraft
Head Office:-HONG KONG
..204
Closing
Change
Amer. Can
79%
Loew's Inc.
28
American Cyanamid B.
354
Martin, Glen L
13.20/20
13.22/23
.02 up
251
Board of Directors: Hon. Mr. J. J. Paterson,
Amer. & Foreign Power
*.
| Montgomery Ward
October
13.32/34
13.37/37
.05 up
93+
Chairman,
103 1/2
December
13.40/41
13.45/45
Amer & Foreign $7.pf.
17*
National Aviation
.05 up
Amer, Locomotive
11k
Nat, Dairy Products
W. H. Lock, Esq.,
January
13.39 N
13:43/43
04 up
Amer. Metais. Co.
172
National Distillers...
HEAD OFFICE: LONDON:"
38, Bishopsgate E.0.2. Sub-Agencies In London: 117/192, Leadenhall Street, E.Ca West End Branch:
14/16, Cockapur Street, S.W! Manchester Branch: Depily Chairman. 82, Mosley Street, Manchester, 1.
March
13.42/43
13.43/43
.01 up
J. K. Bousfield, Esq.,
Amer, Radiator
63
Nat, Fower & Light
May Spot
13.42/42
13.43/43
01 up
13.81
13.63
.02 up
Amer. Rolling MIN
131
National Supply Corp.
A. H. Compton, Esq..
AGENCIES AND BRANCHES-"
L. J. Davies, Esq.,
Ainer. Sting and E'ing Co.
39
New York Ceritial
ALOB STAR
BONA IOA.
FENANG
Hon. Mr. S. H. Dodwell,
Total sales Saturday:-105,400 bales
Amer. Sugar Refining ....
AMRITSAR
142
Niagara Hudson Power
Lazzo
BANGOO
27
if
O. Miskin, Esq.,
BANGKOK
Amer. Tel & Tel
1501
IN. American Aviation
NEW YORK RUBBER
K. S. Morrison, Esq..
POE.
BAIGON
Amer. Tobacco "B"
53
North American Co.
"ફે
July (New contract) September (
22.70 N
22.55/58
.15 off-
Amer. Waterworks
8
Northern Pacific
22,40/40
22.25 N
.15 oft
Anaconda Copper
251
Packard Metors
December { March
}
21.95/95
21.70/80
.15 off
Atchison, T. & 3. Fe.
27
Paramount Pictures
{
1
21,50/50
21.40/45
.10 off
"
Aviation Corp. .
3
Pennsylvania R.R.
On Saigon:-
On demand... 104 1/2
On Manila:---
Total sales for the day:-1,100 tons.
The last trading day for May rubber 19 May 37.
Baldwin Lecometive
13
Phillips Petroleum
411
Branches:
Baltimore & Ohio
34
Pullman Inc..............................
27+
Amoy
Johore
Barnsdall Ol
91
Pure Ol
91
On demand
48 1/4
Bangkok
Kobe
On Bangkok:-
CHICAGO WHEAT
Bendix Aviation
331
Radio Corpn. of "Am.
· ༣』་
Batavia
Kowlown
Rangoon Saigon S&o
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields,
Sir Vandeleur M. Grayburn..
Chief Manager.
BATAVIA
SOMELY
DALOUTTA
AGENCIES:" KOBE
A PL
CAWN PORN CERC
COLOMBO BELT!
SEREMBAN
CARACHI
SKANORIT
KLANG
SINGAPOEM
BITIAWAN
CANTON
CLIVE STREET KUALA
KUCHING
MADRAS
MANILA
MIDAB
SOURABAYA
LUMPUE
TALPING
TIENTSIN”
TONGKAR
On demand
149 1/2
July
On Sterling Notes:-
September
972/977 991/99
971/97 981/981
3 off
Bethlehem Steel
691
Reading Company,
Com
141
Bombay
Kuala
Francisco
+ off
Bliss & Co.
14*
Remington Arms Co., Inc.
41.
Calcutta
Lampur Shanghai
HAIPHONG HANEOW
Bank Buying Rate
Now. *23 3/4
Boelag Airplane Co.
127*
| Republic Aviation Corp, ..." 3}
Canton
London
Singapore
For-
Bar Bliver per of
Market Report
FROM ROZA BROS.
Tuesday, May 27.
Silver prices dropped 1/16 yes-
terday for both Ready and
ward, the quotations being 23.- 378 for both deliveries. Silver ad-
Total sales for the day:-88 lots.
vices reported a small demand. NEW YORK COCOA
The market was steady with business
no September
done. American Silver was quoted at 34.3/4 for Spot...
The London New York cross rate was quoted at 402.1/2. New York/London was quoted at 403. 1/2.
NEW YORK SUGAR "NO, 3
July
Saturday's sales:-7,495,000 bushels.
Borg-Warner
161
Republic Steel
171
Chefoo
Lyou!
CHICAGO CORN
Briggs Mfg.
191
Reynold Tobac. "B"
Colomb
Malacca
281
Sungei
Daireu
Macila
Budd M'facturing Corp.
33-
Schenley Distillers
91
July
September
731/737 7516
741/741 76/18
# up
Foochow
Muar
Patani Swatow
Canadian Pacific R'way
3+
Shell Union 01
141
#
Celanese
187
Socony-Vacunum,Ou
97
Bankow
NEW YORK HIDES
Chesapeake & Ohio
135
Southern Pacifie
11
Tarbin
Chrysler Corpn.
551
Southern Rly 35 pfd,
-331
floilo
June....
September
...... 15.00/00 15.19/19
14.98/96 15.18/13
.04 off
Columbia Gas & Elec.
21
Spicer Manufacturing Co... 29**
1pcb
01 of
Commercial Credit Co.
224
Standard Brands
5+
Com, & Southern (Ord.)
5/16
Stand Gas & Elec.
Consolidated Edison
174
Standard On of NJ.
7/16 364.
Consolidated Oil
61
Studebaker Com.
4
Closed
7.40/48
Copperweld Steel
131
Swift International
18**
Curtisa Wright (C.)
71
Technicolor
81
Douglas Aircraft
65+
Texas Corpn.
39+
September
2.43b/44a 2.43b/44a 2.45b/47a 2,47/48a
unch.
01 up
Du Pont de Nemours
141:
Trans-América Co.
4
Eagle Picher Lead
72
| 20th Cent, Fox.
51
TRUSTEE and
Quiet.
MARKET
STERLING
Volume of business done:-81 lots."-
NEW YORK SUGAR NO. 3
July
Elec. Autolite
26
Union Bag & Paper Corp. 104
business undertaken.
Elec Bond & Share
2
Union Pacific
79+
Elec. Bend & Share $5 pf.
55)*
United Aircraft
381
841b/.85 811b/82ła .03 off
U. S, DOLLARS ...
Some business was
done early
No business was reported. There NEW YORK COPPER FUTURES were sellers at 1/3 up to August,|
buyers at 1/3.1/32 for any delivery | NEW YORK COTTONSEED OIL
in the morning at 24.1/2 for near NEW YORK LARD
July
July
11.75b/94a 11.70b/85a 05 off
Mec. Bond & Share 36 pf. Mec, Power & Light $7 pf. Flintkote Gen. Electric Gen Motera
581
United Airlines Trana
91
324
United Corpn. ·
9/16
121*
United Corpn. $3 cum pt.
231
#
281"..
United Gas Improvement
37
U.S. Rubber
201
'
10.70/70
10:580/59a .12 of
and also for August delivery. The market closed at 1 p.m. with sell- for- ers at 34.7/16 for near and ward, buyers probably at 24.1/2 for Cash,
. September
10.07/07
-9.97b
10 off
NEW YORK BLACK PEPPER
September
Gen. Railway Signal Gen. Tire & Rubber Goodrich (B.F)....... Goodyear Tire & Co. "..... Great Northern Iron Ore - Great Northern Rly, pfd.
13."
U.S. Stee!
521
is conducted by the HONGKONG
10+
Vanadium
23
121
Vultee Aircraft
5.
161
Walworth Co.
44
15
Warner Bros. Fict.
31
251
Westinghouse Elec.
Great Western Sugar
23
Woodward Iron Cor.
6.37b/30a 6.07b/14a 20 off
Int Nickel
241
Chase National Bank
Inter. Paper & Power ......
131
National City Bank
Int. Tel, & Tel.
20
Libby. Maneill & Libby
446.1/2. The
N.Y. Official Silver NY.-London Cresa Rate.......
unquoted 34-3/4 4:03-1/2
4.03-1/2
Johnaman
58
DOW JONES AVERAGE
Li Lan Sang, Eag...
SHANGHAI DOLLARS
The First Notice Day for September black pepper is Aug. 28 and
Opened with sellers at 448.1/2 last trading day is September 23.
with business done later at 447-"
447.1/2 and
3/4. market closed at 1 pm, with sell- ers at 446.1/2, buyers probably at 447.
SHANGHAI MARKET
at Sterling opened with sellers 3.21/64 and closed steadier at 3.23/64. U.S. Bollars opened with Sellers at 5.7/18 and closed scadier with business.reported at 5.1/2 for Spot.
AFTERNOON MARKET
7.
Quiet.
STERLING There were sellers at 1/3 up t August, buyers at 1/3.1/32 for any delivery.
U. 5. DOLLARS Closed with seller's
at 24.7/16 for near and forward, buyers at 24.1/2 for Cash,
SHANGHAI DOLLARS Business was done in the after- noon at 448.1/2 and 448.3/4. The market closed with sellers at 448.- 1/2, buyers at 449.
SHANGHAI MARKET Sterling opened this
LONDON STOCK EXCHANGE
(REUTER'S SERVICE) London, May 26.
Chosen Corporation... 41- The following quotations are the Mercantile Bank of In- middle prices at the close of the dia. £5, "G" market in London. All quotations Pekin Syndicate are subject to confirmation and no B'bal Elec. Constr. Co. responsibility is assumed for errors in transmilkssion. *
afternoon with sellers at 3.23/84 but sub- sequently eased off to 3.11/32 for Chinese 8% Ster. Notes,
opened
with 1925 (Vickers) Spot. US Dollars sellers at 5.15/32 and closed with Chin.. Imperial Rly. 5% sellers at 5.7/18 for Spot:
£
11
1/-
+1
'hal Waterworks “A” ... Union Insurance
18/-
15
War Loan. 31% (Red.
after 1052) ***** Defence Loan, 3%. Canton-K'lcon Rig. 5% Chinese 4% Gold Luan
1898 (Brit Logue) Chinese 5% Gold Fonds.
1925/47
103-9/16
101 9
Gula Kalumpang Rubber 15/- |Lon., Mid, & Scot., Rly. 123 Great Western Rly....... 333 National Bank of India 31
8.-A. Tob (bearer)
87/8
Dunlop Rubber
32/6
38
Bristal Aeroplane
10/-
38
Imperial Chemical Ind. 30/9 United Steel
Chin. 44% Anglo-French
Woolworths ...
22/10 48/3
Loan 1908
37
Maraman Investments ... 6/3
Chinese 5% Grisp Lean.
1912
रे
21
Western Holdings Sub-Nigel'
11/3
142/6
Chinese 5% Reorg. Loan,
1913 (Lda. Is.)
Shell
Tian.
Trad.
29
(bearer)
40/7
bid
7-9
Loan
48
Honan Rly. 5%
10
Hukuang Rly. 6%, 1911..
Hukuang Rly. 5%. 1911
German Issue)
Lung Tang & 'U.
Hai
RI 5% 1913
0/3-1/4
S'hai-N'King Rly. 5%...
14
5-1/4 18 22-1/4 nominal
Tientsin-Pukow Rly, 5%
TO-
(Brit. Stpd.)..
10
Tientsin-Pukow Ry. 5%
(German 8tpd.)
10
21-5/8
Tientsin-Pakow Rly. 5%
KOBE and OSAKA
Sterling
Bollers
(Brit. Stpd. Supl, Loan) 10 Tientsin-Pukow Rly. 6%
(Ger. 8tpd. Supl. Loan) Jap. 6% Ster. Loan, 1924 22-26 Ger 7% Intl. Loan, 1924.5 Chartered Bank
10
81
HK. & Shat Bank (Ldn
Reg
70.
5-15/32 5-15/32
HK. & 8haf Bank (Col.
Reg) Chinese Eng. & Mining
(bearer)
78...
11/
Shanghai Exchange.
Shanghal, May 27 (Reuter).
Official TT Rates
London
New York
India.....
Japan Paris
Hongkong
Spot
May
June
Opening
(LPN/Y Issue)
Opening Closing 0/3-21/64 0/3-23/64 0/3-21/64 0/3-23/64
Spot May June 0/3-21/64 0/3-23/64" U.S. 'Dollars
.
$5-7/18 $5-16/82
5-7/18 5-7/16
Market:set.
Kilver Duty Rate
The Central Bank of Chirig's rate on London at 10 am today was 1/2-1/28.
The Equalisation rate was 24
per cent
Calcutta Exchange"
Calcutta, May 23 (Reuter).
T.T. on Japan, 81-1/2. ·
1940/41
High Low Dow Jones Averages 1280:11184 30 Industrials
32.87 22.15 20 Rails
May 27, 1941. May. 24, High Low Close 116.64 118.28 115.51 115,73
27.74
27.67 27.47 · 27,54
Change
.91 off ,20 of
MENU
26.45 18.90 20
Z.19 83.06 40
Utilities Bonds
89.76 48:74 11 Commodity Index
LONDON STOCK EXCHANGE
LONDON, May 27 (Reuter)
The Stock Exchange yesterday was quiet generally and steady,
were
18.00 16.90 16.75 16.50 ..14 off
91.16
68.90
91.09 .07 off 68.07
.07 up
Business Done:-300,000 shares
Sourabaya.
Haiphong (Johore) Tientsio
Makdon Tokyo
New York Tsingtao Peiping "Yokohama Penang
NEW YORK
YOKOHAMA
PRIPING (Peking)
FOREIGN EXCHANGE and Geners!" Banking Business transacted.
CURRENT A000Üærs opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
Savings Accounts also opened in Local Currency and Sterling with interest allowed at raten 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 perioda in Local and Other business, and claims recovery of Currencies or terms which will be British Income Tax overpaid, on quoted on application.
SAFE DEPOSIT BOXES of various sizes to les
EXECUTOR
Hongkong, 26th February, 1941.
HONGKONG SAVINGS
BANK
The Business of the above Bank
terms which may be ascertained at any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager,
BANK OF EÄST. ASIA, LIMITED
1. SHANGHAI BANKING CO2-Authorised Capital.....$10,000,000.00
PORATION. Rules may be obtain
ed on application.
For the HosGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chiet Manager. Hong Kong, 25th Feb.. 1930.
THE CHASE BANK
15, QUÉEN'S ROAD, CENTRAL
HEAD OFFICE:
Paid-Up Capital ...... 5,598,600,00 Reserve and Undivided
Profits
..2,983,261.30
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director.
HON. SIR SHOUSON CHOW, Chairman
Li Koop Chan, Esca P. K. Kwok, Esq.
Worg Tun Tong, Esq.
Chan Ching Shok, Esq.
Wong Chu Son, B.
Fung Ping Wah Esq.
KAN TONG Po, Esq., Chief Manager HON. MA. LI Tas Foxo, Manager
Branches and Agencies: -
18, PINE STREET.
NEW YORK. An American Bank offering com-
plete Foreign Banking Service Any in the principal Markets of the bay world.
FEDERAL RESERVE Interest Rates on Application,
RETURNS
New York, May 26 (Reuter),
(000's Omitted)
May 13 May 20
SILVER MARKET
business being largely confined to Total Loans $ 9,943,000 $10,046,000.. selective Investment buying of Investments 17,789,000 $17,753,000 industrials stocks, which occasionally higher.
Gilt-edged holdings and home oils ralls moved narrowly, while were dull apart from some en quiry of Mexican Eagles,
Kaffrs closed steady at slightly lower levels,
Among foreign bonds, Japanese and Egyptian Issues eased slight-
Wall Street was dull.
LONDON SILVER London, May 26 (Reuter). Silver-Small trade demand was but not satisfied. Market idle steady. In the afternoon, the market was steady with no busi- ness.
Spot,. 23-3/Bd. Forward, 23-3/8d,
INDO-CHINA
STEAM. NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATÓW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession, at Shangbai, where passengers and cargo are landed.
For farther particulars
please apply to-
JARDINE MATHESON&Co.,Ltd. TELEPHONE ZOZII • GENERAL MANAGERS
SAFE DEPOSIT BOXES
4
Bataya
Kowloon Penant
Loudon Hanguon Manila
Bingapore
Jourabaya Baigon Bwalow
Habouras Ban Fran Sydney
cisco Timotiu Bestia Уапсение Bemarang
Calcutta
Haiphong
Kankan
Nagaanka Yew York
Bonolulu
Sobr
*Pipick
Shaugh
Every description of Banking and This Bank is entirely owned by Exchange business transacted. Losar THE CHABE NATIONAL BANE, granted on approved securities
NEW YORK, with Resources of
over, U.8.83,800,000,000.
D. L. BALLANTYNE,
4
Current Accounts opened in Losa! Currency and Fixed Deposits re- ceived for one year or shorter Manager periods in Local and Foreign Cur rencies on terms which will he quoted on application.
SAPE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
THE MERCANTILE BANK
OF INDIA, LIMITED -
Head Ofce-15, Gracechurch Street, London, EC.3
£3,000,000 Authorland Capital
21,800.000 Subscribed Capital Paid-up Capital Beserve. Paid and Bart,,,
-
BANKERS:
€1,060,000 £1,254,489
The Bank of England and Midland
Bank, Ltd.
BRANCHES;
Kuantan
$
BANK OF CHINA
Specially Chartered by
Kusia TrenggTHE NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL EXCHANGE
Bangkok
Ipob
Bombay
Madras
Calcatta
**w York
Calambo
Kandy
Penang
Bangoon
Kota Bhar
Shanghai
Simi
Thei
Hongkong Honorskt
Karabi
Kunis Lipls
Kuala Lumpur | Blagapore
HONG KONG BRANCH:
Every description of Banking and "Exchange baziren transctod.
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
BANK
PAID-UP CAPITAL $40,000,000.00
(BRANCHES ALL OVER CHINA); Owing to our numerous Branches in China and connections in the principal Commercial Centres of
CURRENT ACCOUNTS opened in Loothe World, we are able to extend Penny and FIXED DEPOSITD mosired in Local Currency & UTEELING en forma that may ba ascertained on spy Hortion!
D. BENSON.
WANT ADS
Manager
Trusted
to our Clienta special facilities for. Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI Hong Kong Branch;
4, QUEEN'S ROAD, C. South China Offices. CANTON BWATOWTM****
KONGMOON "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,
No comments yet.
Private notes are available after approval.