1941-09-13 — Page 10

PACE 10 HONGKONG DAILY PRESS

FOREIGN MARKETS &

BANK OF ENGLAND

London Sept 11 (Reuter?

P

Deposits

Other Deposits

Prek of Child at which buddings

are valued

FEDERAL

RESERVE SYSTEM RETURNS

New York Sept 1 Reuter:

Bought

B'

US Securities held

Federal Reserve Ratio

fedestrial Advances

1940

1941

Aug 29

Aug. 28

000's Omited

2.255.000 22.733 000 9,701,000

MONEY AND

EXCHANGE

'LOSING QUOTATIONS

SEPT BER 12, 1941.

London:-

Shanghal:—

On demand

in Singapore:-

On demand

in India:-

Bank Bills, on demand 24/15/20 Crediв, 60 days sight 235/ Batavia:--

Saigon:-

Market Report

FROM ROZA BROS

Friday, Sept 12

Silver prices were unchanged

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, Sept. 11.

SUGAR PRICES

New York, Sept 11 (Reuters

Kaw

NEW YORK SUGAR

Jaient from Cuba, e & £. New York, reported the The following quotations are the duty free.--

iddle prices at the close of the

market in London.

All quotations

are subject to confirmation and no

responsibility is assumed for errurs

FINANCE

SATURDAY, SEPTEMBER 13, 1941

QUOTATIONS AIR FREIGHT SERVICE

HONGKONG SHARE QUOTATIONS

<TOCK EXCHANGE,

870

SHAREBROKERS- ASSOCIATION

Sela. Hong Kong Mums

China Lighte (0................. 28.fb

H.K. ElectricsX.R.(O) 822 $21. K. hinetrim, New)

1

INSPECTORATE

The Air Freight Service Inspectorate, organised in longkong by formally inaugurated the Chinese Ministry of Commanications, was

at the Gloucester Building yesterday morning with Mr. Buang Pai chlao, Germany-returned engineer and former Managing Director of the Nanking-Shanghai and Shanghai - Bangchow Ningpo Railways Administration, as Inspector-General.

H.K. Stock Exchange

Friday, Sept. 12.

The Inspectorate has as its ob jective the inspection of freight

the Hong transport handled by kong offices of the Chine National

Corporation

Br Aviation

and Eurasia

113 Aviation Corporation: order to increase transport eff)- cfency and prevent any irregulari

of зіт atu manipulations £ noticeable freight rates. It will also exumine, of optimism. and approve or reject applications This soon broke surface for air freight transport and decide and as the week were on derrand on the urgency of the freight to for scrip gathered strength. De be transported mand was not centred found any In an interview. Mr Huang ar special favourites being well spread clared that the Inspectorate wit give priority to the transport of throughout the list

Monday found the market quiettles

Quotations have joined in the Government quest for shares and there has urgent need been 2 considerable advance instruction prices Despite sume profit taking the market closes firm

BUSINESS DONE DURING THE WEEK

H.K. Banks, $1460, $1480. Union Ins., $433,

HK Fire Ina, $1871 Wharves, 5921, 594.

Docks, $17.60, $17.90, $18. $189.

$19

Providents, $6.80 $6.00 $7, $7.10,

$7.30, $7.35, $1.10 Hotels. $3.80, $3.95, 54. $41. Lands, $364, $37. $371, $38.

Humphreys, $

Realties. 54.

Trutns, $17.40, $174. $18.30 Lights (0), $8.55, $6.80. $6.62

$6,85. $8.90, Lights (N), $13. $2. Electrics 10 XD.. $21.60. $21.90

$22. Electrics Rts, $111. $11.30, $11.35,

$114. $118. $12). $13. Telephones (0), $241. Telephones (N). $9, 694.

Cements, $15.70, $157. Ropes, $935, 510 3101 $10! Dairy Farms. $19 $19 $191,

$19,90.

4

(000's

Sr.pt Omitted

Payers

Sellore

14,500

9.27:

F'day'a Lent

Sale Яater

tepta.

FRIDAY

Itayer

Ballet

Ba

Barine

12 SEPT.

Banks

Hankers

122.680

133.780

#1470

$1460 H.. Banks........

$1480

Other Acecunts

53,010

53.010

ER4

175,690

186.790

Total

Casertament Securities

115,920

125.350

Telegraphic Transfer. 127 Bank Bills, on demand 1/25 A Credits 4 months aight

D. (Col. Reg.)

£84

877

Do. (Lam. Reg.)

£77

Churbo od Banka

Evě

£23

Morcantile Bkn. "A"

£234

Olber Securities:

Pili

Discounts and Advances

7.090

5310

Mercantile Bank of East Anja

ke

"C"

211

€76

Securities

20,630

21.07

I

27,720

26,388

NC. & B. Banka..

Insurances

TM !

but

Titul

52 3/1

there was

Notes and Coins

64,500

82.350

Ja Jupan

Total Bull

1,820

1,750

On demand

36 2436

8230 34.33

1:2 1/4

Note 4 circulation

667,280

$69 400

SIRA

Isnton InARESTĒM Umon Insurguren. $1nderwriters 31H K

8239+

under Current

Fires.

6423

$1876

170

Ra

Reserve to Liabilities

33 046

31751

188

168

Telegraphic and demand New York:-

Transfer.

82 8

Shipping

3120

Dongles

$120

$10

Steam hanta

8101

$90

Indo-Chinas (Pret

$80

Indo Chimas tiled i Shells

$70

55/0

On demand

46 3/4

$6.66 Waterboats...

Bub

32 Paris:-

1941

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

Docks. Wharves, Godowns, etc.

896

*7.40

*p4 $7.10/38...

HK & K Wharves

$546

Providente

$7.40

$7 10.40

Sept 1

$18.30

$18

H.K, Tacks (Old)

A

$1

i

On demana

H.K. Docks (New)

$32

$

$

to Manila:

+Shangbai Docks

2324

On demand

49 7:

Mining

2,442,000 89.41

2.184.000 91.00.

2.184.000

91

14/0

Kalane

13:0

on Bangkok -

On demana..

148

Вті

Raute

$7.20 X.D.

Federal Reserve Credit Ousstand-

11K

Jo Sterling Notes:--

2,480,000

2,281,000

Mortary Gold Stocks

20,871,000

8,553,000

22,716,000 9,563 000

Bank Buying Rair Bar Elver per on

Nom.

Lands, Rotels Madi Buildings

231%

#4 837.40

Ba.80/4

937/371

HK. & 8. Hotels...

24

#3.80/4.00...

H.K Lands......

£27

8376

1971

Do. 4% Debentures

397

#21

Shanghai Lauda

834

$3.00

Rad

HK Realt

$3 65

$1

Itumphreys

$7.890

$98

Chinese Estuter

Cotton Mila

i

Sarar Dentrifugal, ship-

Spor

3.50 N

yesterday.

the quotations remain ing at 31.2 for Ready and 23

Silver advices 7 16 for Forward

being market as steady. American Silver was quoted 9:34.3/4 for Spot

$45

Hwo (B.)

840

8305

S'hai Cotton (8.).

3300

Zoong Singe (8)

Wing On Textles (N

$126

Public Utilities

817)

$17

H.K. Tramways

BIA

$17.00/.85...

Raw Sugar Futures (Contract No. 3)

Sept.

York cross The London New rate was quoted at 402.12 York-London was quoted al 2.74.76

87

Peak Trams (old)

Peak Trams (new)

Neu

4

8613 Star Ferries........

2491

$23

Y'mati Ferries

in transmission.

L

Jan

裴

Mar

War Loan, 3%

after 1952)

(Red

May

1061

July

2.79b80a 2.79b/80a 2.81b 830 2.83b/86

1/4

$6.FO

$6.62445

MARKET

1.00

China Lights (New).

12.00

$8.021/.85...

$1.80

$23

$22

Quiet

STERLINA.

8221

$12]

¥126

8111/193

H.K. Electri

$22

(Ria) $119

$11.40/12,00

Defence Loan, 3%

1018

Bia

Macao

Canton K'loon Rly. 6%

13

for

Macao Electrice

Chinese 4 Gold Loan

(Contract No. 41

'Casti

$13.10

Sandakan Lights....

1898 (Brit Issuel

418

Chinese 52 Gold Bonds

1826/47

Der.

2 14

15

45

Mar

Chin. 4% Anglo-French

May

2.10 b Ju 2.104.11a

Seling

U. S. DOLLARS

Jale

8247

$24

Talephotu (id).

8248

$24.40

€0]

$9

falophones (new)

**

to Merchants 26

Industrials

1 16

840

Cald, Macg. (Ordb

Loan. 1988

40

July

211jb 12ja

SHANGHAI DOLLARS

236

Cald., Moog

(Prof S

$1

Cantor Ice..

512 ellers

Chinese 5% Crisp Loan

1912

201

$16.40

810

8102

Crinvents

$16

#10

24 1 Rupes.......

$10

170 oth

$10/10,10

Chinese 5% Reorg Loan

WINNIPEG WHEAT

1913 Ida Isp

37

Chinese 8

Ster Noter

1925 Vickers)

10

Loan

80

MAY

per bushel 733/731 7500 700/798

Official rates. Sellers of Sterling .1 35.32 and US. Dollars at 5.5;16

AFTERNOON MARKET

14.K. Gori, Lonas

8101

14% Loan

$100

899 34%

(1034)

1

*:00

31%

(1940)..

Quiet.

1

Miscellaneous

STERLING

»{

819/192

Dairy Farms

8194

Honan Rly, 5% 1905

14

CHICAGO WHEAT

Hukuang Rly

5%, 1911

per bushel

There were sellers at 1/3 up to: October loyers at 1/31/32 Cash.

Entertainmanta

67

for

81.8

$1.65

(LP. NY True)

15

Sept

1299/1192

Hukoang Rly 5%

1911

De

1234/1231

(German Issue)

18

May

1277/1281

7: Tsing & TJ Hal

Highost Dec.)

1241

13

Lowest

}

122

Sha-N'king Rly 5%

17

Tentsin-Pukow Ely. 5%

(Brit Btpd.)

13

Tientsin Pukow Rly 5%

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

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

13

B-- bld A--asked N--nom:nal NEW YORK COTTON

Opening Closing

13

Oct. Dec.

17.5353 17.88,86

17.75/74 18.03/05

(Ger. Stpd. Supl. Loan) Jap 8 Ster, Loan, 1924 30-32 Ger. 7% Int Loan, 1924 64

13

Jan.

17.78/78 18.10/10

Mar

May

17.90/90 18.23/23 18,00/00 18.36/36

91

18.03/03 18.39/39

R.K

&

S'hal Banking

Spot......... Highest (Dec.) Lowest ..)

18.54

18.11

India

Opening

0/3-5,32 5-5/18 unquoted 17-1/2

17.72

Paria

4,03-1/2

Hongkong

unquoted China Lights (Q) 21

34 3/4

Silver Duty Rate

500 $ 7.05 880 7.15 1,300

23-1/2d

The Central

Bank of China's

2,000

40

2,088

The Equalisation rate was 24-1/2 per cen1

500

聾

China Providents

1,205 1,500

2,055 7.60

Bombay, Sept. 11 (Reuter). Govt. 34 per cent. Rupec, 98-0-0

HK Docta

57

18.50

800

19.00

H.K. Electrics (0)

100

21.00

H.K. Electrics (N)

200

38.25

HK. Electrics Pts.

500

12,75

200

12.85

100 1200 1,066

13.00

Chiu Imperial Rly 6%

Rly. 5% 1913

& Mining

پین

4/-

ཇ རྣ ེད བོང་རྗེསྶཧྥུས

Sales for the day:62 lots

Raw Sugar Futures

Volume of business done -508

lots

Dec

Wednesday's sales: 21,852.000

bushels.

July

There were sellers at 1:3 up t!

buyers sat. October

1/31/32

SHANGHAI MARKET

. S. DOLLARS Seiling rate to Merchants

1:16.

SHANGHAI DOLLARS

Sellers at 511

SHANGHAI MARKET

Constractivus (old)...

30 ots Constructions (newj.

LA

$6.46

16 46 Lane Crawfords.

Nanyang Tobacco.

$3.60

25-

82

Sinceres

$2,30

#124

12.60

Watsons

$12.60

| 812 60

$43

Ch. 0.5%, 10250$8ds.

€39

1.K. Wing On

$42

S'hui Wing On

Official rates, Sellers o. Sterling

al 3.5/32 and U.S. Dollars at 5.5/18

Shanghai Exchange

Shanghai, Sept. 12 (Reuteri.

Omeini T.T. Rates

London New York

Japan..

HONGKONG

$7.30 Vibro Piling

Marsmans Inv. fLon."

Marouans Inv. (RK)

6/1

1/U

$14

Wm. Powells..........

www

N.A. Chemicals (HK) #6 80

tale to Shanghat

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted on Friday, Sept. 12, 1941. SALES

rate on London at 10 am, today (China Lights (N) was 1/2-1/2d.

Chartered Bank

Corp. (Ldn. Reg.j H.K.

S'hat Banking

Corp. (Col. Reg.)....... Chinese Eng. (bearer) Chosen Corporation Mercantile Bank of In-

dia. £5, "on

Pekin Syndicate

Bhai Elec. Constr. Co. Shat Waterworks "A"

Gula Kalumpong Rubber 25

Lon., Mid. & Scot.. By: 164»

Great Western Riy

National Bank of India 32

T/T on London: Silver, Official Rate London Sliver, Spot

LONDON METALS

EXCHANGE

London, Sept. 11 (Reuter). Tin, Standard, Cash, Middle Price, £256-3/4.

buyers £256-1/2, sellers

Tin, Standard, 3 Months, Middle Price, buyers £259-1/2. sellers £269-3/4.

India Rupee Paper

Union Insurance

22

42

Market idle and very dull, with smelters very reserved but dealers

SILVER MARKET

LONDON SILVEK London, Sept. 11 (Reuter).

were pressing for "nears." After Silver-Market quietly steady hours Bigger demand but sellers with some trade demand satisfied predominated. 75 tons. at £256-by production welling.

B-A. Tod. (bearer)

099

Dunlop RokhAY

30/-

Bristol Aeroplane .........

10/9

Imperial Chemical Ind.

32/6

United Stee)

23/T}

Wontworths

50/0-

Maraman Investments ..

6/8

13/4 and 259-1/2.

Western Holdings

19/3

Sub-Nigel

Trans

Trad.

143/9

55/-

1 ox div.

Shell

(bearer,

• bid

BROKERS' LOANS yesterday

New York, Sept. 11 (Reuter). Loans on securities to brokers in foreign New York:-

Wk-ended Wk-ended Wk-ended 20/8/40 20/8/41/4/0/41 $250,000,000 $325,099.000 $445,000,000

LONDON GOLD - London, Bypt. 11 (Reuter). Har Gold, Find par oz, 108/~

A A

$14

GOLD PRODUCTION INCREASED

The production of gold last year was seven times that before the war and was officially estimated to be worth more than $200,000,000, a- cording to reliable sources.

Numerous organisations for gold mining are now in existence in 7.20 Szechwan, Bikong, Hunan, Kwel- 7.25 chow,

Yunnan and Chinghal.

216 With Government financial and 2.25 technical aid, it is believed that 2.30 gold production will further be in 7.45 creased in the future.--(Central 7.50 News).

Watsons, $11.85, $12. $121 $12.35.

$124 $12.00 $13, $13.05. HK. Govt. 4% Loan, 101. HK. Govt. 31% Loun (1934), 99.

BUYERS

H.K. Banka. $1470. Canton Ins., $235. Union Ins., $435. H.K. Fire Ins., $185. Wharves. $86. Docks. $18. Providents, $7.25. Hotels, $4.15. Lands, $37.75. Humphreys, $8. Realties, $3.90. Trams, $18.

Star Ferries, $53

Yaumati Ferries, $23.50. Lights (N), $2.

Electrics (0) X. Ris.. $23,50. Electrics (N), $23. Electrics Rts., $13.10. Macao Electrics, $18.10. Sandakan Lights, $13.10 Telephones (0), $24.85. Telephones (N). $9.25 Cements, $18.70. Dairy Farms, $19,85, Watsons, $12.00.

SELLERS

Docks, $19.50. Providents, $7,75. H.K. Mines, 3 cts. Lands, $36.50. Lights (0), $7.35. Electrics Rts., $13.50.

SALES

H.K. Banks, $1480 Docks, $18.75/19. Providents, $7.35/.70. Hotels, $414,25. Lands, $38. Humphreys, $8. Realties, $4.

goods to meet the

MICR for national

COMMERCIAL GOODS

In regard to the transportation f commercial goods. Mr. Huang further Sald that considerations will be made on the basts nt In- formation on market conditions in the interior as supplied by the Ministries el Communication Finance and Economic Affairs

Aside from regulating air freight

transport Mr. Huang said the in

F

spectorate will therefore also be bht regulating instrumental supply of commodities in the in- terler, thus stabilising the general price level

Mr. Huang said that there will be rigorous restrictions bence- torth on chartering planes, Mer- chants who destre to charter planes will trave to submit papers

certifying the king and value of their goods to be transported. This, belleved. will eliminate the he "black market" air freight rates.--

Central News)

CHINA'S SILK INDUSTRY TO

BE DEVELOPED

With the object of further de veloping China's silk industry, the Ministry of Agriculture and Fores try has drafted a comprehensive plan for the increase of silk pre duction.

According to the plan, some 3,000 mow of land be marked out in different districte for the cultiva- tion of 65,000,000 mulberry trees These dis- in the current year, tricts include Lashan, Mantal, Nan. Langchung, Hochwan and

chung in Szechwan.

reach 20,000

It is expected that the increased output of silk will plculs.

Meanwhile, it is learned that wo increase tung oil production for export purpose, the Foreign Trade Commission has mapped out a ¡plan whereby the existing 290,000 mow of tung plantations win be improved and 880,000 mow of new plantations will be established. It is estimated that the résultant tung oll output will be increased by 1.100,000 pleuls annually.

Five provinces in the Southwest have been designated as experi ¡mental centres for production in- wherein 146 offices for creases giving technical guidance will be

established.(Central News).

Trams, $18.25/30. Lights (O). $6.90. Lights (N), $2/2.25.

Electries Ris., 812 25 13.50. Ropes, $10.26/50. Dairy Farms, $19.75:00. Watsons, $13/13.05.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

300 13.26 Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBR and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

150 13.50

10-

Spot, 23-1/2d.

H.K. Lands

100

37,50

100

37,75

Forward, 23-7/16d.

300

38.00

BOMBAY SILVER Bombay, Sept. 11 (Reuter).

Indian Mint Silver

02-15-0 ... 63-00-3

63-01-9,

H.K. Tramways

100

18.30

500

18.40

100

18.35

H.K. Hotels.

1 000

4,20

1,500 4.26

1,000

4.30

[Ropes"

600

10.28

the French Concussion nt.

200

19.40

2,000

10 50

23.940

Ready Oct. 14 Settlement Nov. 16 Bettlement-

LONDON STOCK EXCHANGE LONDON. Sept. 12, (Reuter)- Business in the Stock Exchange Was generally firmer and Gilt-Edged showed up botter. There was some expansion among

CHINA'S GOODWILL + bonds where Japanese, Czoch and Greek improved.

Presideht Edouard Bones hus Home Nails showed several expressed appreciation of China's galnie whilst a abortage in stock recognition of the Czechoslovak in South. Governinent now in exile in Lon- usd further rises American rate. Industrials were don and has Recepted Dr. Wunss botter on balance with Breweries, King as Chinese diplomatic repre Tobacons again in demand, Kat- sentative to Czechoslovakia, he chi, from Dr. Wellington Kẹo, Ars continued to be prominent. cording to a telegrain received by Chinese Ambassador in London. | Wall Street was vory quiet. the Foreign Minister, Dr. Qub Tal (Central Nows);

The total value is $223,505.20.

HAPHONG

All steamers borth alongside

the Roosovolt Terminal in

Bhanghai, whore passeligers

and cargo are loaded,

For further particulpas

please apply to

JARDINE MATHESON&Co.,LTD.

TET

ERAL MANAGERS.