1941-07-12 — Page 10

BANK OF ENGLAND

184,440

63,160

217,600

Government Securities

182,340

Other Securities:--

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

JULY 11, 1941.

On London:-

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

London, July 10 (Revter).

Public Deposits

Other Deposita:---

Bankers

Other Accounts Total

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

JULY 11, 1941,

Last Sale

STOCKS

SATURDAY, JULY 12, 1941,

BANKS

HONGKONG & SHANGHAI |THE CHARTERED BANK of

(000'8 Ommitted) July 3

12,250

July 10

10,830

BANKING CORPORATION

Authorised Capital. 50,000,000

INDIA, AUSTRALIA

AND CHINA

131.790

Issued & Fully Paid Up $20,000,000 Incorporated by Royal Charter, 1853

Reserve Funds :

STOCKS

Laat Sate

62,400

Sterling

£6,500,000 Paid-Up Capital

$3,000,000

July 10

July 10

184,190

152,810

Adams Expresa

be

Alleghany Steel Oo.

234

On Shanghai:

Discounts and Advances

8,400

7,440

Allis Chalmers ..

301

Johnsmanville

Kennecott Copper Libbey-Owens-Ford

672

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

£3,000,000

29

Proprietors

$20,000,000

Reserve Liability of Pro.

prietors

£3,000,000

Glasa

304

HEAD OFFICE: LONDON:

Amer. Can

87

Lockheed Aircraft

267

Head Office:-HONG KONG

On demand

Securities

18,440

18,410

American Cyanamld B.

39%

Loew's Inc.

812

On Singapore: -----

Total

26,840

25,850

Amer. & Foreign Power

Martin, Glen L, Co.

30

Board of Directors:

On demand

62 3/4

Notes and Coins

38.520

33,910

Amer & Foreign sĩ pf.

20

Montgomery Ward

364

Hon. Mr. J. J. Paterson,

On Japan:-

Total Bullion

1,080

1,940

On India:-

On demand

Telegraphic

and demand

On New York-

Bank Bills, on demand 24 1/8

Credis, 60 days sight 24 7

On Batavia:-

102 1/4

Notes in circulation

843.376

848,030

Amer, Locomotive co.

140

National Aviation

9

Amer, Metals

18/

Nat. Dairy Products

144

W. H, Lock, Esq..

Transfer.

182 5/5

Ratio of Reserve to Labitles Price of Gold at which holdings

are valued

10.75%

17.41%

Amer, Radiator

61

National Distillers

22

Deputy Chairman

188

168-

Amer. Rolling MU

151

Nat, Power & Light

By

J. K. Bousfield, Esq.,

Amer. B'ting and R'ing Co.

44

National Supply Corp.

30

A. H. Compton, Esq..

Amer Sugar Refining

172

New York Cential

L. J. Davies, Esq.,

124

Hon. Mr. 8. H. Dodwell,

FEDERAL

RESERVE SYSTEM RETURNS

Amer. Tel,

Tel.

155

Niagara Hudson Power

21

G. Miskin, Esq.,

Amer. Tobacco “B”

724

N. American Aviation

14

K. S. Morrison, Esq.,

Amer. Waterworks

North American Co. (New)

13

Hon. Mr. T. E. Pearce,

On demand

... 46/4

Anaconda Copper

294

Northern Pacific

?

Hon. Mr. A. L Shields,

On Paris:-

New York, July 10 Reuter).

Bank Bulls, on demand Nom

July 4 $

Credits 4 months' sight Now.

Balls Bought ........

On Saigon:

On demand

On Manila:--

US Securities held

104 1/2

Federal Reserve Ratio

2,450,000

88,95

July 3

$

2,184,000 91.11%

July 10 $

Atchison, T. & 8. Pe.

291

Packard Motors

31

Aviation Corp.

38

Paramount Pictures

12

Baldwin Locomotive Co.

16

Pennsylvania R.R.

24

عليمي

2,184,000

Baltimore & Ohlo

4

Phillps Petroleum

442

01.22%

Barnsdall Ou

101

Pullman Inc..>

271

Amoy

Johore

Or demand

On Bangkok :---

On demana

On Sterling Notes:-

48 1/4

Federal Reserve Credit Outstand-

ing

⭑

Bendix Aviation

391

Pure O

10)

Bangkok

Kobe

Monetary Gold Stocks

1:9 1/2

Industrial Advances

2,603,000 2,273,000 20,063,000 32,627,000 9,180,000 9,273,000

2,249,000 22,640,000

Bethlenem Steel

76)

Radio Corpn. of Am.

33

Batavia

Kowloon San

Bliss & Co., EW. (com.)

18$

Reading Company,

Com

17

Bombay

Kuala

9,352,000

Calcutta

Boeing Airplane Co.

17

Remington Arms Co., Inc.

48*

Borg-Warner

20

Republic Aviation Corp. ...

37

Canton

Loudon

Chefoo

Bank Buying Rate

Nom

Briggs Mfg. Co.

201

Republic Steel

201

Bar Silver DET OR,

23 3/8

403-Oct

Dec

Market Report

FROM ROZA BROS.

Friday, July 11 Silver prices dropped 1/8 3'48. terday for both deliveries, the quo- tations being 23 1/4 for both Ready and Forward. Silver advices re- ported the market as being steady American Silver was quoted at 34. 3/4 for Epot

The London / New York cross rate was quoted at 402.12.

York London was quoted at

1 2

N.Y. COMMODITY MARKET

(REUTER'S SERVICE)

New York Cotton, Oct. New York Rubber, Sept. New York Hides, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. N.Y. COTTON

New July

Colombo

Lyons Malacoa

Budd M'facturing Corp.

મમ

Reynold Tobaɛ. "B"

322

Dairen

Manila

Canadian Paclic

41

Schenley Distillers

121

Foochow

Maar

Celanese Corp.

251

Shell Union 011......

15

Haiphong

Chesapeake & Ohio

381

Socony-Vacunum 01

91

Hankow

14.22

106)

100

106

766

764

751

New York, July 10. Prev High Iow Close Change 15.37 15.30 16,23 15.29 .08 of 21.25 21.35 21.35 21.35b 10 up

14.276 .05

100% unch

754

Chrysler

57%

Southern Pacific

12

Harbin

New York Tsingtao

Columbia Gus & Elec. Commercial Credit Co.

3A

Southem Rly $$ pfd,

354

Iloilo

Peiping

Ipoh

Penang

252

Spicer Manufacturing Co. 367

פור

Com, & Southern (Ord.) Consolidated Edison Co.

9,18

Standard Brands

8

CURRENT

194

Standard Gas & Elec.

20

Consolidated Oll

64

Standard' O of N.J.

434

I off

Copperweid Steel

16

Studebaker Com

SA

Ourtiss Wright (.)

B{

Bwift International

103

shorter periods in Lool and other

Distillers Corp. (Beagramai

152

Technicolor

81

quoted on application.

Closing Ranges Changes

Douglas Aircraft

748

15,12/12

unch.

15 29/20

$8 off

1540/40

07 off

MARKRT

Jazl

15 41 N

97 of

Qulet

Mar

15.51 51

.05 off

SHANGHAI MARKET

STERLING

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

U. S. DOLLARS Nothing doing. There were smal: Sept sellers at 24.1/2 for near and for-Dec. ward, buyers: at 24.9/16 for Cash.

SHANGHAI · DOLLARS

Opened with setters at 467. Busi

Total sales:-140 tons.

NEW YORK HIDES:

ness Was done subsequently at 486.3/4, 467 and 467.1/4. The mar- Dec. ket closed at lunch

sellers at 468 14. buyers at 469.1/4. CHICAGO WHEAT·

Sterling opened with sellers at Sept

3.13/64 and closed slightly lower Dec

at 3.3/16 for Spot US Dollars Wednesday's sales opened with sellers at 5.7/32 and bushels.

May

15.50/50

Wednesday's

sales:

bales

N.Y. RUBBER:

Mar.

21.35b50a 21.25b/300 21.00b/209

.10 up 05 up .20 up

Sept

14.27b/328 14.25b/30a

05 up 05 up

tline with

July

Tulal sales: 5 lots.

.05 of

157,800

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, July 10. The following quotations are the middle prlees at the close of the market in London. All quotations! are subject to confirmation and no responsibility is assumed for errors in transmission.

War Loan, 3% (Red,

after 1952)

105-3/16 Defence Loan, 3% ........ 100-15/16 Canton-K'loon Rly. 5% 9 Chinese 44% Gold Loan

Texas Corpn.

421

SAFE DEPOSIT BOXES

Du Pont de Nemours

1593

Trans-America Co

43

various sizes to let.

Eagle Picher Lead

20th Cent, Fox Film, Com.

6

TRUSTEE and

Elec, Autolite Co

291

Union Bag & Paper Corp.

114

Blet Bond & Share

24

Union Pacific

813

Elec. Bond & Share $5 pt.

366

United Aircraft

41

Elec, Bond & Share $6 pt.

613

United Airlin's Trans

111

Elec. Power & Light $7 pf. Flintkove

36

United Corpn.

#

151

United Corpn. $3 eum pt.

23 ·

Gen. Electric

Chairman.

Sir Vandeleur M. Grayburn,

Chiel Manager:

Branches:

Rangoon Saigon

38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.3. West End Branch: 14/16, Cockspur Street, 8.W.1. Manchester Branch:

az, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES:

FOR STAX HONG KONG PENANG

ILOILO

1Рon

AMRITSAR BANGKOK

| BATAVIA

BOMBAY

CALCUTTA

KARACHI

• KLANG

KOLE

AGENCIES: KUALA CLAVE STREET VATELE PLAUK LUMPUR

CANTON

KUCHING

MADRAS CAWNFORE

CIBU

Francisco COLOMBO

Lumpur Shanghai

Singapore

Sourabaya Sungei

Patani Swatow

(Johore) Tientsin Mukion Tokyo

Yokohama

MANILA

MEDAN

SHANGHAI

SINGAPORE

BITJAWAN

BOURABAYA TAIPING

| HAIPHONG PELPING

HANKOW (Peking)

FOREIGN EXCHANGE and General Banking Business transacted,

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

SAVINGS ACCOUNre also opened in

ACCOUNTS opened in Local Currency and Sterling with LOCAL CURRENCY and FIXED De interest allowed at rates obtainable POSITS received for one year or on application.

The Bank's Head Office, in London

Currencies on terms which will be undertakes Excouter and Trustee

business, and claims recovery of of British Income Tax overpaid, on terma which may be ascertained at any of the Agencies and Branches

W. H. EVANS THOMAS,

Maunger.

EXECUTOR

business undertaken. Hongkong, 26th February, 1941,

HONGKONG SAVINGS

BANK

RANGOON SAIGON AKRENDAN

DELHI

TIENTSIN

TONGKAH

(Bhuket)

THINGTAO

NEW YORK

ТОКОНАМА

331

United Gas Improvement

7A

Gen. Motors

394

US. Rubber

254

Gen. Railway Signal

15.

US. Steel....

584

Gen. Tire & Rubber

12

Vanadium

-251

器

Goodrich (B.F)

16

Vultee Aircraft

Goodyear Tire & Rubber...

19

Walworth Co.

5

tained on application,

Great Northern Iron Ore .. Great Northern Rly, pfd.

17

Warner Bros. Pict

4

281

Westinghouse Elec.

954

Great Western Sugar

25

Woodward Iron Cor.

2817

Inter. Nickel

271

Chase National Bank

314*

103/1051 unch 1068/106) unch 1077/108 unch.

1808 (Brit. Issue)...... 43 Chinese 5% Gold Bonds.

1925/47

Inter. Paper & Power Int. Tel & Tel. (Fon, Is) 24

17#

National City Bank

273*

Libby, McNell

45

Chin. 44% Anglo-French

Loan, 1998

DOW JONES AVERAGE

43

1941

14,697,000 Chinese 6% Crisp Loan

1912

27

High Low Dow Jones Averages 133.60 116.80 30 Industrials

July. 9,

127.83

July 11, 1941.

High Low Close 128.36 127.05 127.78

Change .1b ap

elosed at 5.3/16 for Spot

Quiet

CHICAGO CORN:

Chinese 5% Reorg Loan

29.75 28.54 20 20.86 17.22 15

Baile

29.32

28.36 29.12 29.18

.14 ap

STERLING

AFTERNOON MARKET

There were sellers at 1/3 up to September, buyers at 1/3.1/32 for NEW YORK LARD;

1913 (Lan. Is.)

37

July Sept. Dec.

738/738 751/751 788/781

1 off

Chinese 8% Ster. Notes

3 off off

92,19 89.66 40 73.68 56.46 11

Utilities Bonds Commodity Index

18.40

18.79 18.30 18.81

.21 up

81.60 73.65

01.62

Oz up

73.52

.03 off

1925 (Vickers)

7-9

Chin. Imperial Rly, 5%

Loan

51

H.K. & Shai Banking

any delivery.

Sept.

U. S. DOLLARS Nothing doing. The market clos ed with sellers at 24.1/2 for near and forward, buyers at 24.9/16 for any delivery.

Dec.

10.37735 10.70/70

20 of

Honan Rly. 5% 1905

10

.22 off

Hukuang Rly. 5%, 1911

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

85

N.Y. BLACK PEPPER:

(LP. N/Y Issue)

14

(bearer)

12/6

Hukuang Rs. 50%, 1911

| Sept Dec

5.62b/65a 5,72b/74a

18 of

Chosen Corporation

4/-

(German Issue)

12

.16 off

Mercantile Bank of In-

Lung Tsing & V Hat

7in. Price: £257-1/2

SHANGHAI DOLLARS

N.Y. COTTONSEED OIL:

dia, £5, "C"

11

Rly. 5% 1913

日

Opened this afternoon with sell- Sept. ers at 468.1/2 but towards the Dec.

11.45/45 11,29/29

.38 of

S'hai-N'king Rly. 5%......

Pekin Syndicate

1/-

14

33 off

close the market receded to 467.1/2 N.Y, SUGAR No. 3:

SHANGHAI MARKET

Closed steady with sellers

Sterling at 3.13/64 for Spot and

US Dollars at 5.7/32 for Spot.

| N.Y. SUGAR No, 4:

1.16b/1648

Shanghai Exchange sept.

Shanghai, July 11 (Reuter).

Quicial T.T. Rates

Tientsin-Pukow Rly, 5%

(Brit, Stpd.)

S'hai Eler, Constr. Co.

15/-

Market steady.

S'hai Waterworks "A"

18

10

Union Insurance

22

Tientsin-Pukow Rly. 5%

of July

Sept

2,54b/56a 2,56b/572

01 up 01 up

(German Stpd.)

Gula Kalumpong Rubber 15

10

Tientsin-Pukow Rly. 5%

Lon., Mid. & Scot, Rly. 147

Great Western Rly.

361

Bualneas done:-134 lots.

(Brit. Stid. Supl, Loan) Tientsin-Pukow Rly. 5%

10

National Bank of India 314 B.-A, Tob. (bearer)

06/101

(Ger. Stpd. Supl, Loan)

10

Opening

London

New York

Japan

India

0/3-3/16

5-1/8

21-3/4

17-5/8

Business done:-511 lots.

NEW YORK COCOA Sept.

7.53/53 Dec.

7.64/64 N.Y, WOOL GREASE Dec.

01 up Jap. 6% Ster. Loan, 1924 28-31)

Ger. 7% Intl, Loan, 1924 4

Dunlop Rubber......

35/-

Chartered Bank..

01 up .01 up

KK & S'hal Banking

Corp. (Lan, Reg.)

***

Bristol Aeroplane ...................

10/0

Imperial Chemical Ind. 32/104

Western Holdings Sub-Nigel

87

United 'Stee

Shell Trans. Trad. 247.

Woolworths

(beater)

81

Marsman Investments

65/3 5/74

*bid.

14/1 141/3

48/101

1 ex div.

Hongkong Parle

21-1/8

nominal

93,3b/5a unch. N.Y. Official Suvern 34-3/4 N.Y./London Cross Rate unreed,

Spot

July......

Sterling

Gellers

Opening Closing

0/3-13/04 0/3-3/10 0/3-13/64 0/3-3/16 -

Aug. 078-13/04 0/3-13/84

** 0.8. Dollárs

$5-7/32 $5.7/52 $-4/32 5-7/32 5-7/32

Spot

July

Aug.

...... 5-7/32

Market Uncertain.

Bliver Duty Rate:

The Central Bank of China's rato on London at 10 am, today was 1/2-1/2d.

The Equalisation rate was 23-1/4 per cont.

Calcutta Exchange.

Calcutta, July 10 (outer), TT on Japah, 61-1/2

- India Rupee, Paper

Bombar, July 10 (Router), Govt. al% Rupos; '96-0-0,

INDO-CHINA

SILVER MARKET STEAM NAVIGATION COMPANY ITI

LONDON SILVER

London July 18 (Reuter), Operating Services for Cargo and Passengers***

Silver-Rather more production

aelling which was absorbed by the

TO-

[trade."

Spot, 23-1/44,

Forward, 23-1/4d.

BOMBAY SILVER

Bombay, July 16 (Heuter).. Market Quiet but steady. Off- take 60 bars.

Indian Mint Silver

Ready 63-00-0 July 10 Bettioment... 02-15-0 Aug. 18 Settlemont.... 62-14-0

BROKERS

LOANS

New York, July 10 (Reuter). Edats on scourites to brokers In New Yorkheath met Wkendled Wic-ended WK -ended

4/7/40 3/7/41710/7/10/ $202,000,000-$302,000,000 $200,000,000

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE PENANG and CALCUTTA

BANDAKAN

HAIPHONG

All steamers barsh' alongsido the Roosevelt Terminal in the French Concesion at Shanghai, where passongors and cargo are landed.

For further particulara

please spřály toimi:

Oplontie

G+1}u

Handy

Bombay

Calentia

Ipok

*Kuantan

Delhi

Business Done:-840,000 shares

LONDON METALS

EXCHANGE

London, July 10 (Reuter).

Standard, Cash, Middle

Tin, Standard, 3 months, Middle Price, £261-1/8.

LONDON GOLD

London, July 10 (Reuter). Bar Gold, Fine per oz., 168/-

BANK OF EAST ASIA, LIMITED

PORATION. Rules may be ob Authorised Capital....810,000,000.00

Paid-Up Capital ......

For the HONGKONG & SHANGHAI Reserve and Undivided

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1878.

-THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK. An American Bank offering com- plate Foreign Banking Service in the principal Markets of the world.

SAFE DEPOSIT SOXES

This Bank is a subsidiary of The Chase National Bank, New York, with Resources of over 11.8.$.3,800,000,800.

D. L. BALLANTYNE,

12th June 1941.

Profits

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

Board of Directors :

Hus. Sin SaoUBON CROW, Chairman LA Koon Ubun, Esq.

tớ lần

Sang, Eng. P. K Kwok, Puq. Wong Cha Son, Esq. Wong Tan Tong, Baq. Fung Plog Wah Esq, KAN TONG Po, Eso, Chief Manager HON. MR. LI TSE FONO, Manager

Bankos

-ແລ

Kobe

Branches and 'Agencies:

Kowtour Редала Blogapore London

HangOOD Bourabaya Paizon Bwatow

Melbourne Sou Fran. Bydany Nagasake

dlaco Tiantai-

New York Seattle Fanconiwer Paris Petplay

Semarang Shanghai

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

Qurrent Accounts opened in Local Currency and Fixed Deposite re- Managerceived for one year or shorter

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office-5, Gracechurch Street, London, EC3 Authored Capital v

Sulceribed Capital

Paid-up Capital

Eserve Fund"and Book...

BANKERS: N

The Bank of England and Midland

Bank, Ltd, Metab BRANCHES:

Kanchi

Ko Bharu.

Hongkong

Kuala Liph

Howrah

· New York

Hangoob

Bhangha

Kuala Lumpur (Bingspóro

HONG KONG. BRANCH: Every description de Teking and Exchange bazipem transnotod;

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

periods in Local and Foreign Cur- roacies on terms, which will be quoted on application,

SAFE DEPOSIT Boxía To Lut.

KAN TONG PO,

Chief Manager.

*BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

OF CHINA AS ANDHRA

INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA)

in China and connections in the Owing tolour numerous Branules

principal Commercial Centres of

CURRENT ACCOUNTS"opssel in Zoosk. Cat: resey and FIXED DEPOSIT mostrada Lomi the World, we are able to extoad: Onesday & BERKLING) on, beran tial may be to, our Clients special facilities for Domestic and Foreign Banking and

D. BENSON.

ALLT Exchange,

WANT-ADS

AME

Quick!

Head Office-SHANGHAI Hong Kong Branch's

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

KONGMOONS TOISHAN SHIUCHOW KINGOHOW

CANTON SWATOW

We also handla the larue of Bonds

and other Public Funds of the Chinese Government" both at Home

SHOU JACHEN,

The Business of the above Bank

is condusted by the HONGKONG

& SHANGHAI BANKING COR-

BANKING CORPORATION.

5,508,800.00

2,983,261.50

Amoy

Bomny Manila

Dalentte

Halphong

23,000,000

#1,066,000

·£1,254,088

Bactrim