1941-07-04 — Page 10

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FRIDAY, JULY 4, 1941

BANKS

(REUTER'S SERVICE)

Pree EL

New York Cutton, Oct

14.69

14.83

1467

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JULY 3, 1941.

N.Y. COMMODITY MARKET

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

JULY 3, 1941.

New York, July 2.

Low Close Change

STOCKS

Last Sale

BLOCKS

14.77

138 up

July 2

Last Sale July 2

On London :-----

Nw York Rubber, Sept

21.25

21 20

21.20

20.000

25 off

Adams Express

Telegraphle

Bank Billa, on demand 1/1⁄2 7+8 Credits 4 months' sight

Transfer. 2 77%

New York Hides, Sept. Chikago Whrat. Sept Chicago Corn. Sept

14.50

14 52

14.40

10 off

Alleghany Steel Co.

1042

1058

1043

1051

! GD

751

76 75)

4754

Allis Chalmers

281

Johnsmanville

Kennecott Copper Libbey-Owens-Ford

37A

$20,000,000!

Glas

Amer. Can

Lockheed Aircraft

241

Head Office:-HONG KONG

On Shanghai---

On demand

144

N.Y

COTTON

NEW YORK LARD:

American Cyunamid B Amer. Foreign Power

401

Loew's Inc

291

Martin. Olen L. Co

On Singapore:--

Closing Ranges Changes

Closing Ranges Change

On demand

02 3/4

Ou Japan:-

July Oct

14.60 N

10 up

14 77 77

קגו טי?

Sept Dec

10.27/25 10.574

18 up 20 up

Amer

& Foreign 7 p1. Amer. Locomotive Co.

191

Montgomery Ward

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

National Aviation

Amer Metals

174

Nas. Dairy Producta

W. U. Look, Esq.

On demand

MR JA

Dec

11 8788

10 up:

AMET. Radiator

National Distillers

211

Deputy Chairman

On India:

Jan

14.87 N

10 up N.Y. BLACK PEPPER

Amer. Rolling MO

141

Nat, Power & Light

J. R. Bousfield, Esq..

Telegraphic

Transfer.

H2 1/

Mar

and demand

Nav

14.90 N 14 92 N

.06 up

Amer. Sting and R'ing Co.

National Supply Corp

A. H. Compton, Raq..

09 up

On New York

Sept. Dec.

6.35b/36a

0.436/468

urch.

.01

Amer Sugar Refining

16/

New York Gential

L. J. Davies, Esq.

Bank Bills, on demand 24 175 Credits, 80 days sight 24 7/8

Tuesday's safes

100,100

bales

Amer. Tel & Tel

157

Niagara Hudson: Power

Hon. Mr. S. H. Dodwell,

| NY. RUBBER:

NY COTTONSEED OIL:

Miner Tobaccy "8"

N. American Aviation .....

137

G. Miskin, ...,

K. S. Morrison, Esq

Amer. Waterworks

Do Batavia :-

On demand

O Paris:-

40 1/4

Sepi De Mar.

21 20b 30a

.05 off'

North American Co. (New)

121

21 10b/20

20.80b

05 off

Sept. Dec

11 08/08

16 up

Anaconda Copper

278

Northern Pacific

10 84/85

25 up

Atchison, T. & 8. Fe.

281

Packard Motors

US off

Aviation Corp.

Faramount Pictures

102

Bank Blis, on demand Nom

Credits 4 months' sight No

Chief Manager. CALCUTTA

Tutal sales: -200 tons

| N.Y. SUGAR No. 3:

Baldwin Locomotive Co.

142

Pennsylvania R.R

234

On Saigon:-

On demand

104 672

NEW YORK HIDES:

Sept.

Baltimore & Olo

Phillips Petroleum

Branches:

14 40/40

10 off

July Sept.

On Mantle:-

14 32b; 35

03 011

2.52b/538 254Đi Đâu

Business done:-99 lots

15 up

HONGKONG & SHANGHAI BANKING CORPORATION

Authorised Capital $80,000,000 | Issued & Fully Paid-Up $20,000,000

Reserve Funds. Sterling

1.K. Currency Reser Reserve Liability of

Proprietors

THE CHARTERED BANK OF

INDIA, AUSTRALIA AND CHINA asutusted by Royd Charter, INSA

£6,500,000 | ['and Up Capital S10,000,000 Reserve Fa

Chairovin

Hon. Mr. T. E. Pearce, Hon. Mr. A. 1. Shields, Sir Vandeleur M. Grayburn,

Reserve Lablog of Pro

prietors

£3,000,000 £3,000,000

£3,000,000

HEAD OFFICE: LONDON:

38, Bishopegrur M.C.2 Sub-Agencies In London:

| 117:122, Lendenhall Street, E.03.

West End Branch: 14/18. Cockspur Street, S.W.1. Manchester Branch:

52. Misley Street, Manchester, &

AGENCIES AND BRANCHES:

ALUH STA TUNG NÓNG PENANG

AMRITSAR

BANGKOK

BATAVIA

HANGGON SAJUON SEREMBAN

PUH

KARAÜHI

KLANG

S TANGILAZ

SITIAWAN HOURABAYA

TAIPING

BOMHAY

Barnsdall Ou

9:1

Pullman luc.

201

04 up

Bendix Aviation

361

Amoy

Johore

Pure Ou

Bangkok

Bethlehem Steat

Radio Carph. of Am

Batavia

Kobe Kowloon

SAB

On demand

48 14

On Bangkok --

On demana

1439 1/

Total sales-10 lots. CHICAGO WHEAT-

Biss & Co., EW. (com.)

Reading Company, Com

100

Bombay

Kuula

N.Y, SUGAR No. 4:

ducing Airplane Co.

181

Remington Arms Co., Inc.

41*

('alcutta

Lampu

On Sterling Notes:-

July

1041/1048

# up

Sept

1.10b/10ğa. 004 off

Borg-Warner

10A

Republic Aviation Corp.

Canton

London

Shanghai Singapore

Not

бере

1058/1051

Briggs Mfg. Co.

Republic Steel

196

Chefou

Lyons

Колтавцув

Colombo

Malacca

Sungei

Business done -345 sots

Bar Sver per os.

23 3

Budd M'facturing Corp

Dec.

1088/108)

Reynold Tobac

"g"

328

Dairen

Canadian Pacific

Schenley Distillers

112

Tuesday's sales: 13,903,000

NEW YORK COCOA

Forchew

Manila MUAT

Patani Swatow

Celanese Corp.

221

Shell Whion Ou

Haiphong

bushes

CHICAGO CORN:

Sept

7.54n

Chesapeake & Oblo

364

Socony-Vacunum Of

ទ

Bankow

11 up

Chrysler

561

Southern Pacific

114

Harbin

Dec.

7.850

10 up

July

731/731

752/751

Columbia Gas & Elec.

Southern Rly $5 ptd.....

Iloilo

34 3 4

Commercial Credit Co

237

Spirer Manufacturing

Com, & Southern (Ord.!

Standard Brands

Consolidated Edison Cp.

Standard Gas & Elec

7:10

CORRENT ACCOUNT opened

Consolidated O

Standard OR of NJ

42)

Copperweld Steel

ludebaker Com

Curtiss Wright (C)

Swift International

187*

American

York

CTOSS

Distillers Corp. (Seagrams)

echniculor

Douglas Aircraft

714

Texas Corpn.

Du Pont de Nemours

154

rans-America Co

Eagle Picher Lead

20th Cent Fox Film, Com.

TRUSTEE

:ti

MARKET

Elec. Autolite Co.

Union Bag & Paper Corp

businese undertaken.

Elec Bond & Share

Union Pacific

Quis

Hongkong, 20th February, 1941

KOBE

AGENCIES: KIALA

1.1 T 1 REY FATELIE PLACE

CANTON Rasegoon Saigon

CAWNFORE

Francisco COLOMBO

(Johare) Tientsin Mukden Tokyo New York Tsingtao Priping Yokohama Penang

LOCAL CREMA Bud

Fix De

NEW YORK TEIPINO

(Peking)

FOREIGN EXCHANGE and General funkcing Business transacted.

CURRENT ACXOsta opened und Fixed Deposits received for Une Yar or shorter periods in Local or Other Currenciós at rates which will be quoted on application.

SAVINGS ACCOUNrs alan opened in Local Currency and Sterling with interest allowed at rates obtainable

PUBITS reerived for one year 00 on application.

shorter perils in Loent and other Currencies on terms which will be

quoted on application.

SAFE DEPOSIT BOXES various siers to let

The Bank's Head Office in London undertakes Executor and Trustee and claims recovery of of British Income Tax overpaid, on terms which may be ascertained at

business,

EXECUTOR Any of the Agencies and Branches.

W. H EVANS THOMAS,

Mannger

LUMPUR KUCHING MADRAS

TIENTSIN

T.NUKAH

MANILA

(Bhuket)

MEDAN

ISINGTAO

OMLEY

HAIPHONG

BANKOW

YOKOHAMA

Elec Bond & Share $5 pt

514

United Aircraft

13.1/32 for

any

Eler Bond & Share $3 pt. Elec. Power & Light $7 p Flintkote

United Aklines Trans

101

United Corpat

United Corpn.

$3 cum pl

נח מ 1 44:

but subsequently the market

War Loan, 34% Red

after 1952)

104-11 18

Chinese 44% Gold Lean

1898 (Brit. Issue: Chinese 5% Gold Bonds

1925/47

Chits. 44% Anglo-French

rose

Loan. 1908

Gen Electric Gen Motors

324

United Gas Improvement

HONGKONG SAVINGS

BANK

371

US Rubber

224

BANK OF EAST ASIA.

The Business of the above Bank

Gen. Railway Bignal

149

U.8. Steel

551

is conducted by the HONGKONG

LIMITED

Gen. Tire & Rubber

104

Vanadium

HANGHAI BANKING COR

Goodrich (B.F)...

Vultee Aircraft

Goodyear Tire & Rubber..

Walworth Co.

Paul Up Capital

Great Northem fron Ore Great Northern Ely, pla

152

Warner Bros. Pict

264

Westinghouse Elec.

941

Profits

5,598,800.00

2,083,261-54

Great Western Sugar

241"

Woodward Iron Cor

Inter. Nickel

143

Chase National Bank National City Bank

318

28*

V. M. GRAYBURN,

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

21*

www

Bank Buying Rate...

Market Report

FROM ROZA BROS.

Monday July 3

Silver prices Were unchanged: Sept. over the week-end, the quotations De remaining a1 23.378

for both

Ready and Forward Stiver advices| reported the market as being idle with no business done Silver was not quoted,

The London/New

rate was quoted at 4021/2

STERLING

No business was reported. There

378/771

Official Stiver

& up NY London Cross Rate 4.03-1,2

LONDON STOCK EXCHANGE

(REUTER 8 SERVICE)

London, July 2 The following quotations are the oriddle prices at the close of the market in London. All quotations are subject to confirmation and no

were sellers at 1/3 up to Septem- responsibility is assumed for errors

ner, buyers at delivery.

S. DOLLARS Business was done during the nurse of the morning at 24.1/2 for ear and July. The market cloard small sellers at with 2412 for near and forward. buyers 24 9/16 for near and forward.

SHANGRAT DOLLARS

Opened with sellers at 454.3/4

la transmission

SZECHWAN LAND TAX

CHENGTU, July 2 (Central-In accordance with the instructions of the National Government and resolution of the Third National Financial Conference held recently in Chungking the Szechwan Pro vincial Government will hand over

land tax to the National Govern Iment beginning August 1. The pro

vincial authorities concerned are

Defence Loan, 3%, 100-13:16 now winding up affairs relating to Canton Kloon Rly.

456 with business done later Chinese 5%, Crisp Loan

SHANGHAI MARKET Sterling opened with sellers at Chin. Imperial Rly 5% 3.9/32 and closed a shade at 3 17/04 for Spot. U S opened with sellers at

No business was

market closed with sellers at

U. S. DOLLARS

(Brit. Stpd.) ..... Tientsin-Pukow Rly. 5%

(German Stpd.› Tientsin Putow Rly 5%. (Brit, Stpd. Sup!, Loan Tientsin-Pukow Rly 5%, (Ger. Stpd. Supì. Loan Jap, 6% Ster, Loan, 1924 sell Ger. 7% Intl. Loan, 1024 closed with Chartered Bank

Business was done at 24.1/2 for near and July, he market closed with probable sellers at 24.1/2 for near, buyers at 24.9/18 for Cash.

SHANGHAI DOLLARS Opened this afternoon with ers at 458.1/2 and

possible sellers at 461.1/2. huyers H.K. & Sha! Banking

at 462.1/2 for Spot.

Corp. (Col. Reg.) Chinese Eng. & Mining

(bearer) US Dollars opened 64 for Spot. with sellers at 5.5/16 and closed 'Chosen Corporation with sellers at 5.9/02 for Spot.

Sterling opened with sellers at 9.17/64 and closed easier at 3.15

Shanghai Exchange Pekin Syndicate

SHANGHAI MARKET

and tax collection.

Practical measures for the col lection of land tax in kind bave National been suggested to the Government for adoption.

Mr. Кал Chi-yung. Szechwan Commissioner of Finance, who went to Chungking to attend the Third National Financial Conference re cently, is still in the wartime capi- tat conferring with the Central authorities

various financial questions affecting Szechwan.

LONDON METALS

EXCHANGE

London, July 2 Reuter.

Standard, Cash, Middle

Tin, Standard, 3 months. Middle Price £58-7/8.

Market steady

SILVER MARKET

LONDON SILVER

London, July 2 (Reuter›. Silver-Market

Forward. 23-3-8d.

with Idle

BOMBAY SILVER

457.1/4. The 457.1/2 and also market closed at 1 pm, with sell Chinese 5%, Reorg Loan crs at 457.3/4 buyers probably at 1013 (Lan Is, 458 1/4.

1912

Chinese 8% Ster. Notes

1925 ¡Vickers

7.0

easier Dollara

5.3/8 and

elosed easier at 5.5/16 for Spot.

SHANGHAI MARKET

Loan Honan Rly, 5% 1905 Hukuang Rly 5%. 1911

(LP. N/Y Issue)

Hukuang Rly 5%. 1911

(German Issue)

Tin.

Qulet.

STERLING

reported

The

Lung Tsing & U Ha!

Rly. 5%. 1913

Price, £256-5/8

1/3:

up to September, buyers at 1/3.1/32: for any delivery.

S'hai-N'king Rly. 5%. 14 Tientsin-Pukow Rly 5%

31-354 44

business.

Spot, 23.3 8d.

93 18

Corp. (Ldn, Reg

701

H.K. & S'hal Banking

32 8

Mercantile Bank of In

dla, £5, "C"

11 1/-

| S'hal Elec. Constr. Co

16-

Shanghai, July 3 (Reuter).

OMelai T.T. Rates

S'ha Waterworks "A"

Union Insurance ...

Opening

Gula Kalumpong Rubber

Condon

0/3-1/4

Lon, Mid. Sent.. Rly

131

New York

6.5/16

Great Western Rly...

304

Japan

22-1/2

National Bank of India 31

...18

BA, Tob. (bearer)

89/14

H.K. Banks, $1330.

nominal 21-5/8

Dunlop Rubber

33/71

Bristol Aeroplane

11/14

Imperial Chemical Ind.

31/T

United Steel

23/7

Woolwortba

60/10)

Maraman Investments

5/71

Western Holdings Sub-Nigel Shell Trans.

(benror)

13/0

138/9

Trad

* bid

$5-11/32 B-11/32 0-11/22

ex div...

India

Pars Hongkong

Spot

July

Aug.

Spat

July

Aug.

sterling

Sellers

Opening Closing 0/3-9/32 0/3-17/04 0/8-9/32 0/3-17.04

0/9-9/820/9-17/04

U.S. Dollara

$5-3/$

5-8/8

5-8/#

Market:-Quiot.

The

Silver Duty Rate Central Bank of China'a

rate on London at 10 am, today

was 1/2-1/2d.

The natalion rate was 24 per cent

Calcutta Exchange

Onlcutta, July 2 (Reutor), TT on Japan. 81-1/2

India Rupec Papor

Bombay, July 2 (Router). Govi, d4% Rupee. 90-1-0,

Bombay, July 2 (Reuter). Market Steady. Offtake 76 bars.

Indian Mint 8 Iver

Ready

July 19 Settlement

63-01-0

83-00-0

Aug. 18 Bettlement 82-15.0

inter Paper & Power Int. Tel & Tel. (Fon Is.)

1041

Libby. McNell

DOW JONES AVERAGE

Low Dow Jones Averages High

Industrials 188.00 118.30 30

Rails

July. 1,

122.86

July 3, 1941. High Low Cluse 123.90 122.78 133.69

Change

.73 up

29.70 26.54 20

28.28

28.02

26.35 28.45

.17 up

20.60

17.22 15

Utilities

17.71

18.12 17.70 18.04

.33 up

82.19

89.5 40

Bonds

91.08

73.57 55.45 11

Commodity Index

72.00

91.10 72.38

04 up .38 up

LONDON STOCK

EXCHANGE

LONDON, July 3 (Reuter) Business in the Stock Exchange yesterday was

Business Done:-300,000 shares

RESERVE BANK OF INDIA STATEMENT

Calcutta, July 2 (Reuter).

June 20 June 27

quiet and fairlyNotes in circulation (including Notes general with the slight downdrift

held in the Bank- influenced by profit-taking which was partially reversed towards the close when the tone was again Rupee Coln Bullion

steadier,

Gilt edged were about unchang- ed but Indians were slightly lower. Home Rails were easier. and In- dustrials a shade lower on balance Olls were duli and Tins and Rub- bers firmer,

Japanese Bonds met proft-tak- ing and the cryptle Tokyo state- ment causing Caution Kaffirs followed the general trend.

Wall Street was subdued

ing Department)... 29.068 28.110

3,615

in India

3,657 Gold Coin and Bui-

lion in India

4.441 4,441 (Indian Securities

Government)

9.131 9,131 Securities (British

Government) 11,879 11,879

(Figures in Lakhs Rupees)

LONDON GOLD

London, July 2 (Reuter). sar Gold, Fine per oz., 168/-

PORATION. Rulen ny be ob Authorised (apital $10,000,000.00

ained on application,

For the HONGKONG & SHANGHAI | Reserys and Undivided

BANKING CORPORATION,

THE CHASE BANK

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

Board of Directors :

HON. SI SHOUSON CHOW, Chairmun

Wong Chu Son,

45. QUEEN'S ROAD, CENTRAL Li Koun Chan. Bay.

HEAD OFFICE:

15, PINK STREET,

NEW YORK. An American Bark offering com

plate Foreign Banking Service in the principal Markets of the world.

SAFE DEPOSIT BOXES

This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over U.S.$.3,800,000,000.

D. L. BALLANTYNE.

12th June 1941

Lan Bang,

Fong fing Wab Esq.

P. Kwok. Beg Wong tun Tong, Esq. KAN Toxo Pu, Esq, Chief Manager HON. MR. LI Taz Foxo, Manager

Branches and Agencies:

fowloon Penang

Melbourne

amy

Balea

Loudon

Swazil

Quicutte

Haiphong

Bankow

Honolulu

Kole

Velplak

Nagasaka

New York

Kangoon

Hadgon

gap re

Buy

atow

Sau Fran. Bydosy

Beatlie

다 다

Shanghal

Vancouver

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

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

WANT-ADS ARE SURE!

H.K. Stock INDO-CHINA

Exchange

BUYERS

Bank of East Asta, $72.

Indo-Chinas (Pret.), $80. Providents, $6.674.

B.K. Mines, 4 cts,

Lands, 23.75.

Realties. $3.

Chinese Estates, $100.

Trams, $16.00.

Telophones (0) X.D.. $22.10.

Dairy Farma, 517.76. Watsons, $10.25.

Entertainments, $0.25,

SALES

HK. Olov, 34% Loan (19341, 04). HI. Danke, $1935/40, Providente, $5.07.

Lands. $34,28.

Trams, $10.90, Blectrics Ris.. $11.18.

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passingers

TO--

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE AND OBAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamere borth alongside

the Hoosevelt Terminal in

the French Concession at Shanghai, where passengers and cargo ara landet.

For further particulars

plonso apply to-

JARDINE MATHESON&Co.,LTD. TELEPHONED OXIRIGENERAL MANAGERS »

SAYE DEPOSIT Boxes To LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

BANK

PAID-UP CAPITAL 840,000,000.00 (BRANCHES ALL Over Ünina) Owing to our pucerous Branches in China and connections in the principal Commercial Coutres of the World, we are able to extend to our Cliente special facilities for Domestic and Toreign Banking and Exchange.

Head Ofue:-SHANGHAI

Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Office:

KONGMOON TOISIAN

CANTON

SWATOW

SHTUCHOW KINGOHOW

We also handle the issue of Honda nud ollur Publio Funds of the Cliinese Government both at Home and Abroad,

1941-07-04 — Page 10

Comments

Private Research Note