1941-05-31 — Page 10

Daily Press 孖剌西報 All

Series Prev Next Source

MONEY AND EXCHANGE

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

New York Cotton, July

13.17

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

On Shanghai:--

On demand

440

Un Singapore:-

On demand

New York Rubber, July Chicago wheat, July Chicago Corn, July New York Hides. Juno NEW YORK COTTON

32.40

13.08 13.17 23.12 22.40

High Low Close Close Change

13.08 09 off 22.125 28 oft

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

CLOSING QUOTATIONS NEW YORK. May 29, 1911.

MAY 30, 1941.

On London:---

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

NLAY 30, 1941.

Last Sale

SATURDAY, MAY 31, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital....... 850,000,000

INDIA, AUSTRALIA

AND CHINA

Frey. Today's

Sterling

STOCKS

"Last "Sale

951

1451

73 14.43

93 951 934

73 744 14.35b 14.51

.... 2.00 11.or

May 29

Reserve Liability of

£8,000,000 Paid Up Capital..

Reserve Fund H.K. Currency Reserve $10,000,000 Reserve. Liability of Pro-

Issued & Fully Paid-Up #90,000,000 Incorporated by Royal Charter, 1886

Reserve Funds:..

£3,000,000

$3,000,000

Adams Express

Johnsmanville

57*

Proprietors

$0,000,000

prietors....

£3,000,00

Alleghany Steel Co.

Closing

.18 up

Change

213

Kennecott Copper.

351

Allis Chalmers

201

Libbey-Owens-Ford Glass

Head Office:-HONG KONG,

281

Amer. Gam

784

Lockheed Aircraft

221

American Cyanamid B

523/

July

13.17/18

13.08/08

.09 off

353

Loew's Inc.

-28

Amer. & Foreign Power

Martin, Glen L. Co.

On Japan:--

On demand

On India:

October

13.38/38

13.24/25

14 of

£15

Amer & Foreign $7 pf. ...

102 1/2

December

13.43/44

13.33/33:

.10 off

17*

Montgomery Ward

331

Amer, Locomotive Co.

13.39 N. 13.29 N

10 oft

National Avlation...

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

W. H: Lock, Esq.,

Chairman.

Telegraphic Transfer.

and demand)82 3/5

On New York:-

Bank Bills, on demand 24 1 Credits, 60 days' sight 2475

On Batavia:—

January March

Amer. Metals

Nat. Dairy Products

13.39/39

13.29, 30

.10 off

133

Amer. Radiator

National Distillers

J. E. Bousfield, Esq.,

May

13.36/36

13.24/24

12 oft

Amer. Rolling. M

131

Nat, Fower & Light

Spot

13.58

13.53

.05 off

Amer, Sting and R'ng Co.

L. J. Davies, Esq.,

A. E, Compton, Esq.,

HEAD OFFICE: LONDON,

39, Bishopsgate E.Č.2.

Sub-Agencies in London:

117/122, Leadenhall Street, E.C.L West End Branch: 14/16, Cockspur Street, S.WI

Manchester Branch:

Deputy Chairman o, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES›

409

National Supply Corp.

ALOE STAR

Hon. Mr. S. H. Dodwell,

Total sales Wednesday:-88,800 bales.

Amer, Sugar Refining

New York Central

AMBITRAR?

121

Amer. Tel,

Tel.

1504

Niagara Hudson Power

G. Miskin, E.,

BANGKOK

*23

E. S. Morrison, Esq.,

NEW YORK RUBBER

Amer. Tobacco "B"

, American Aviation ......

134

Hon. Mr. T. E. Pearce,

BATAVIA

BOMBAY

HONG ONG 1101LDTM

IPOK KABAOHI

FINANG

RANGOON

BALGON

SIRIMBAN

On demand

On Paris-

On Saigon:-

On demand

On Manila:

On Bangkok:-

* 45 1/

(New contract) July September (

22.40/40

22.12b

.28 Gr

SHANGHA

"Amer, Waterworks

North American Co. (New)

}

22.15/15

21.80/50

.35 off

Anaconda Copper

Bank Bills, on demand Nom

Credits 4 months' sight Nota

261

Northern Partic

December C March

21.55/55

21.25/30

.30 off

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

KLANG

Atchison, T. & 9, Fe.

Packard Motors

104 1/2

< Total sales for the day--1,730 tons.

21.10b15a 20.80/80

.30 off

Aviation Corp.

Paramount Pictures

107

Baldwin Locomotive Co.

134

Pennsylvania 'R.R.

241

Branches:

Baltimore & Ohio

Phillips Petroleum

411

On demand

On Sterling Notes:

48 1/4 CHICAGO WHEAT

Barnsdall Ol

Pullman Inc.

A muy

274

Bangkok Kobe Saigon

Chief Manager. AIRLIN PLACE

Jobore Rangucu..

KUALA

CALCUTTA

Кова

AGENCIES!

OLIVE STRAT

SINGAPURI

BITIAWAN

SOURABAYA

CANTON

CAWNPORI CKBU

LUMPUR KUCHING MADRAS

TALFING

TIENTRIN

TONGKAR

COLOMBO

MANILA

(Bhuket)

July

149 1/2

September

954/95 931/933 971/971 051/958

off

Bendix Avis ELOH

343

Pure Ou

23 off

Bethlehem Steel

394

Radio Corpn of Am.

Batavia Kowloon Bombay Kuala

San.

Wednesday's sales:-10,303,000 bushels.

Bliss & Co., E.W. (com.) ...

147

Reading Company, Com

144

Calcutta -Lumpur

Francisco Shanghai

Boeing Airplane Co......

Bank Buying Rate

Bar Silver per oz.

Nom. 23 3/8

Remington Arms Co., Inc.

44.

Canton London

Singapore

CHICAGO CORN

Borg-Warner

167+

Republic Aviation Corp.

Chetco

Lyons

Sourabaya

were unchanged

Was

cross

New 403.

3/4.

Quiet

Market Report

FROM ROZA BROS.

Friday, May 30.

Silver prices yesterday, the quotations remain- ing at 23.3/8 for both Ready and

Silver Forward, Amèrican

quoted at 34.3/4 for Spot.

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

MARKET

NEW YORK HIDES

Total sales for the day:-98 lots. NEW YORK COCOA

July

September

741/744 731/7738 751/75) 741/747

1 off 11 off

Briggs Mfg. Co.

Republic Steel

Colombo

Malacca

Sungei

Bund M'tacturing rp.

Reynold Tobec. "3"

Dairen

«Manila.

Patani

281

Muar

June

September

14.35b/400 14.51/53 I 16 up 14.50/52 ..14.66/66

18. up

Canadian Pacific ".............. Celanese Corp. Chesapeake & Ohio Chrysler

Schenley Distillers

Swatow

101

19*

Shell Union Ou

141

353

Secony-Vacunum. O

Harbin

551

Southern Pacific

114

Iloilo

Columbia Gas & Elec.

Southem Rly $5 pid.

231

Ipoh

Commercial Credit Co

23+

Spicer Manufacturing Co. 30*

Com, & Southern (Ord.)

Standard Brands

September ......

7.45 N

7.35 N"

.10. off

Consolidated Edison Co.

174

Standard Gas & Elec, ...

Consolidated 01

NEW YORK SUGAR NO. 3

July

Standard Oll of N.J.

Copperweld steel

Studebaker Com

September

3.48b/470 2.47b, 48a 2.50b51a 2.50b/5la

.01 up unch.

Curtiss Wright (C)

Swift International

'181

Distillers Corp. (Seagrama)

134

Technicolor

quoted on.application.

Volume of business dore:-116 lots.

Donglas Aircraft

SAFE

Texas Corp.

391

Du Pont de Nemours

STERLING

September .....

mar-

There were sellers at 1/3 up to August, buyers at 1/31/32 for any delivery

U. S. DOLLARS

A small business was done at 24.7/16 for near delivery. The mar ket closed at lunch with sellers at 24,3/8 for near and 24.7/18 August, Cash and buyers at 24,1/2 for forward.

SHANGHAI DOLLARS Some business was done at 451. There were probable sellers at 451, buyers at 451.1/2.

SHANGHAI MARKET The Shanghai Exchange

ket was closed today.

AFTERNOON MARKET

The market was quiet in the afternoon..

STERLING

The market closed with sellers at 1/3 up to August, buyers at 1/3.1/32 for any delivery.

NEW YORK SUGAR NO. 4

July

Volume of business done:-34 lots.

NEW YORK COPPER FUTURES

July

LONDON STOCK EXCHANGE

London, May 29.

1441

Trans-America Co.

Eagle Picher Lead

20th Cent, Fox Film, Com.

83b/84a81b/.82a 01 off-

Elec. Autolite Co.

Union Bag & Paper Corp.

101

Mec Bond & Share

Union Pacific «.

781+

Elec. Bend & Share $5 pf.

531

United Aircraft

381

11.70b/95a 11.80b/94a

.10 up

Elec Bond & Share $6 pĹ Elec. Power & Light $7 pf. Flintkote

United Airlines Trazs......

33*

United Corpo,

9/18

Foochow Haiphong (Johore) Tientsin Bankow Mukden Tokyo

New York Tsingtao Peiping Yokohama Penang

CURRENT ACCOUNTS opened

NEW YORK

TRINOTAU

YOKOHAMA

PRIPING (Peking)'

FOREIGN Exchange and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One" Year or shorter periods in Local on wbiol Other Currencies at rates will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling wish interest allowed at rates obtainable on application.

The Bank's Head Office in London in Local Currency and FIXED DE- 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

DEPOSIT BOXES of various sites to let

TRUSTEE and EXECUTOR| business undertaken.

Hongkong. 26th February, 1941.

HONGKONG SAVINGS

BANK

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

W. H. EVANS THOMAS,

Manager.

DELHI

KEDAN

HAIPHONG KANKOW

12+

NEW YORK. GOTTONSEED' OIL.

July

NEW YORK LARD

United Corp. $3 cum pt.

22-

BANK OF EAST ASIA,

Gen. Electric

281"

United Gas Improvement

LIMITED

054b 5a 10.38/38

The Business of the above Bank

.16 off

Gen Motors

US. Rubber

211

9,92b

9.80b

.12 off

NEW YORK BLACK PEPPER

September

6.22b/243 6.08b/13a

14 off

last

N.Y. Official Silver

N.Y-London Cross Rate

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

trading day is September 23.

Gen. Railway Signal Gen. Tire & Rubber... Gondrich (BF..... Goodyear Tire & Rubber Great Northern Iron Ore Great Northern Rly, pfd.

is conducted. by the BONGKONG

13+*

U.S. Steel

531

101*

Vanadium

23}

128

Vultee Alteraft ....

ed on application.

161

Walworth Co.

Warner Bros. Pict.

BANKING CORPORATION.

254

Westinghouse Elec.

864

Great Western Sugar Inter. Nickel

Woodward Iron Cor...

25)*

241

34-3/4 34 3/4 4:03-3/4

4.03-3/4

Chase National Bank:

Inter Paper & Power

137

National City Bank

241

Int. Tel. & Tel. (Fon, Is.)

Libby, McNeil

THE CHASE BANK

DOW JONES AVERAGI :

1940/41

(REUTER'S SERVICE)

High Low Dow Jones Averages

Industriale 159.20 111.84 30 32.87 22.15 20

May. 28,

118.16

Rais

27.86

May 30, 1941.

High Low Close 116.80 115.84 116,23 27.86 27.45 27.57

Change

(07 up

HEAD OFFICE:

.08 oil

U. S, DOLLARS The market closed with at 24.3/8 for near and August, buyers at 24.1/2 for and forward. -

The following quotations are the middle prices at the close of the market in London. All quotatlans

Chinese 5% Reorg. Loan.

1913 dn. Is.)

25.46 16.82 20

Utilities

18.25

17.0 18.86 16.25

.10 up

89.19 83.06 40 89.76 48.74 11

Bonds

91.04

Chinese 8% Ster. Notes.

Commodity Index 6.65

$1.12 67.83

.08 up .18 up

· 1925 (Vickers)

7-9

sellers 24.7/16 Cash

are subject to confirmation and no Chin. Imperial Rly. 5% responsibility is assumed for errors In transmission.

Loan Honan Rly, 5%

..48

H.K. & S'hai Bank (Ldn.

Reg.)

£.

Hukuang Rly. 5%. 1911...

ELK & Shal, Bank (Col

Business Done:-340,000 shares

LONDON METALS

EXCHANGE

Branches and Agencies:

plete Foreign Banking Service Amey in the principal Markets of the Bombay world.

Batarix

Calcutta

Baiphong

Interest Rates on Application,

Bankos

Honolu

Kala

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

PORATION. Rules may be obtais- Paid-Up Capital * 5,598,600,00

For the EUNGEONO & SHANGHAL

V. M. GRAYBURN,

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

Reserve and Undivided

.2,883,281.50

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

HON. SIR SHOUBON CHOW, Chairman Li Koon Chun, Esq. Li Lan Saag, Esq. P. K. Kwok. Esq. Wong Chu Bou, Ɛng.

15, QUEEN'S ROAD, CENTRAL Wong Yan Tong. Esq. Fung Ping Wah Esq.

18, PINE STEKET.

NEW YORK. An American Bank offering com-

Chan Ching Shok, E87,

KAN TONG Po, Esq, Chief Manager HON. MR. LI Ten Font, Manager

Kowloom Penang alagager Jacom Maslin

Hangoon Salgoz

Sourabara Swałow Melbouras San Fran Bydney Nagunka

cisco Salientou

New York Seattle Vancou Purl

Profits

Board of Director.

Pelplog

Berg

Shanghai

War Loan, 34% (Red.

after 1982)

Defence Loan, 3%...... Janton-Kloon. Rly. 50/2 Chinese 4% Gold Loan

1898 (Brit. Isate) Chinese 5% Gold Bonds.

1926/47

Chin. 41% Anglo-French

Loan 1908 Chinese 5% Crisp Loan.

1912

SHANGHAI DOLLARS Closed with sellers at 451, buy-

er at 451.1/2.

BROKERS

LOANS

New York, May 28 (Reuter). Loans on securities to brokers in New York:-

WK.-ended Wk-ended WK -ended

23/5/44

29/5/41 22/5/41 $403,000,000 $332,000,000 $427,000,000

WEEKLY RETURNS AND REPORTS Ger. 7% Intl. Loan 1924. 5.

LP. NY Issue)

Pest)

103-11/16 Hukuang Rly.5%. 1911

Chinese Eng. & Mining-

London, May 29 (Reuter). Th Standard,

101.

German Issue

(bearer)

11/

Price, £281-7/8.

Lung Tang & U

Hai

Chosen Corporation

4/-

"Tin, Standard, 3 months. Middie

Rip 5% 1913

Mercantile Bank of In-

Price, 263-15/18.

6'hai-N'King Rly. 5%

dla, 25, "G"

11.

Market steady.

D. L. BALLANTYNE.

Tientsin-Pukow Riş. 5%

Pekip Syndicate

1/-

(Brit. Stpd.)

B'bal Elec. Constr. Co.

16/-

Tientsin-Pukow Rly.. 5%

Bhai Waterworks "A"

(German Stpd.) ................. Tientsin-Pakow R. 5%

(Brit. 8tpd. Bupi. Lean), 10 Tientsin-Pukow Rly. 5%

(Ger. Stpd. Supi, Loan) 10 Jap. 5% Bter. Loan, 1924 224-284

Union Insurance ........ Gula Katumipong Rubber Lon., Mid, & Sect., Rly. 12 Great Western Rly. 33 National Bank of India 31 B-A. Tob(bearer) Dunlop Rubber

Imperial Chemical Ind. 30/10

anted Steel

23/3

THE MERCANTILE BANK

15/-

Woolworths

48/-

OF INDIA, LIMITED..

Cash. Middle

SAFE DEPOSIT BOXES

Every description of Banking and,

This Bank is entirely owned by Exchange business transacted. Loans

THE CHASE

NATIONAL BANE,granted on approved securities.

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

Manager.

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

SAFE

EPOSIT BOXES To Lea.

KAN TONG PO,

Chief Manager. \

Maraman Investments.

6/3

Western Holdings

11/14

Head Omico:-15, Gracechurch Street,

Sub-Nigel

141;3

London, EC

Authorised Capit

£3,000,000

88/11 32/9 10/3

hell

TIAD.

Trad.

Subscribed Vapital...

(bearer)

41/3

Paid-up Capital ..

22.300.000 21.000.000 et,284,530

*-bid

BANKERS:

BANK OF ENGLAND

Chartered Bank

LONDON, May 20 (Reuter)."

Public Deposita

39,880

May 22

May 29 (000's Omitted)

32.330

Other Deposits:—

Bankers

Other Accounta Total

96,580

110,900

51,890

52.12

148,270

163,020

Government Becurities

121,500

125,200

Other Securities

Discounts "and Advances

12.570

11.440

• Securities

19,580

24.150

Total

32,150

35,500

Notes and Coins

52.170

52.330

Total Bullion

1.800

1,850

Notes in circulation

829,710

629,530

.Ratio of Reserve to Liabilities

27,73%

~26.77%

Price of Gold at which holdings, are valued... 188/-

163/-

FEDERAL RESERVE SYSTEM

RETURNS

NEW YORK, May 29 (Reuter).

May 23 (1940)" May 22

May 30

(000's Omited)"

Bills Bought

US' Becurities held

Feders Reserve Ratio

Federal Reserve Gredit Outstanding

Monetary Gold Etocks Industrial Advances

2,477,000 2,184,000 *2.184.000

88.39% 91.22% 2,620,000 2,237,000

A1.23% 2,231,000 22,573,000 9,232,000 8,164.000 8,103,000

19,071,000 22,565,000

Bristol Aeroplane

Basers Fund and Best,

The Bank of England and Midland

Bank, Ltd.

INDO-CHINA-

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All eteamers berth alongside the Roosevelt Terminal in the French Concassion at Bhanghai, where passengers and cargo are loaded.

For further particolars

please apply to-

JARDINE MATHESON&Co.,l TELEPHONE ZOZIL · GENERAL MANAGERS

Galv

Hongkong Hoursă

BRANCHES:

Ipoh

どんぱロル

Kukatan

Kandy

Karobl Kota Bharu

Kasia Lipiz

Kuala Lumpur

Kuala Trengg Madran

New York

Ревмат

Bangoos

Buangbai

Simia

Blogspore

HONG KONG BRANCH: Every description of Banking, and Exchange baginem praccted..

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN GUBRENT LOCOUNTS spennt Local Our ready and FIXED DEPOSITS received in Local Currency & STERLING of texts that may be ascertained on spy cation.

D. BENSON.

кондом

WANT-ADS

are

Quick!

BANK OF CHINA

"Spécially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

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 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, O. South China Offices.

CANTON BWATOW

KONGMOON TOISHAN

SHIUCHOW KINGCHOW

We also handle the issue of Bonde [and other Public Funds of the Chinese Governcient both at Home and Abroad.

1941-05-31 — Page 10

Comments

Private Research Note