MONDAY DECEMBER 2, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised: Capital... $50,000,000
INDIA, AUSTRALJA 'AND CHINA
Issued & Fully Paid Up $50,000,000 Incorporated by Royal Charter, 1868
Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund
H.E. Currency Reserve $30,000,000 Reserve Liability of Pro-
Deputy Chairman. 39, Mosley Street, Manchester, "
K. 8. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburu,
Chief Manager.
Branches: Johore Rangoon
2
Saigon
AGENCIES AND BEANCHES-
AMRITSAR BANGKOK BATAVIA
BOMBAY
CALOUTTA
AGENCIES:
HARBIN
PENANG TÔNG 200 Linod
UPOZ
KARACHI
KLANG
KOLE
OLIVA STREET KUALA FATALIK PLACE
CANTON
CAWAPORE
Francisco BAMBURG
Haiphops (Johore) Tiantsin
Mukden Tokyo New York Tsingtao Peiping Yokohama Penang
HANKOW
MED AST MHW YORK PRIPING
(Peking)
SHANGHAI BINGAPORS
SITIAWAN BOUKARATA TALPINO
TIENT IN
TOMGXAN
(Bbukes)
TOKOHAMA
Formos EXCHANGE and Generat Banking Business transactod.
CUREENT ACCOUNT epened and FIXED DEPOSIT received for One' Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
300
52 3/4
(FROM PAYNE & CO.)
NEW YORK, Nov. 28, 1940.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS!
NOVEMBER 20, 1949
On London~~
Telegraphic
Transfer. 1/8 7/8 ··
Bank Bills, on demand 1/2 7/8
Credits 4 months' sight
On Shanghai:——
On demand
On Singapore:-.
Offhand
On Jepanty
PAYNE & CO.
̈COMMODITY » BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
NEW
YORK STOCK EXCHANGE
STOCKS
Adams- Express
QUOTATION
(REUTER'S SERVICE)
DECEMBER 1, 1940. Last Sale
£3,000,000
Sterling........
£3,000,000
STOCKS
Last Balc
Reserve Liability of
prietors
3,000,000.
Nov. 30
Nov. 30
Proprietors
..$90,000,000
HEAD OFFICE: LONDON:"
6
Loew's Inc.
30+
Alleghang Steel Co.
234
Loft Incorperated
201
Head Office:-HONG KONG"
Allis Chalmers
343
Mack Truck Inc.
271
Aluminium Ltd.
78°
·Martin, Glen L
321
Amer, DRT. NH
1: 87
| McKesson & Robbins, pfd.
26.
Board of Directors: Hon. Mr. J. J. Paterson,
نا
38, Bishopagate E.C.. Sub-Agencies in Leadoa;
117/122, Leadenhall Street, E.C
West End Branch: :
American Cyanamid B.
351..
Chairman.
Montgomery Ward
38
Ongenland
On Indi
Telegraphic
On New York:-
103
SINGAPORE KUBBER.
Previous Nov. 28 Close Opening Closing
Amer, & Foreign Power .......
M'tain City Copper Co.
C. Q. Roberts, `Esq.,
14/18 Cockapur Street, S.W 1) Manchester Branch:
4...
Change
Arner
Foreign $7 pf.
15
National Aviation .....................
101*
Transfer.
Le 1/2
buyers buyers
Areer. LocoRDOBAVE
152
Nat, Dairy Products
134
J. K. Bousfeld, Eaq;,
and demand...
Bank Billa, on demand $78
Credlis, 80 days' sight 20
On Batavia:-
On demand.....33 1/4
On Parts--
Bant Bills, on demand Nom. Credits 4 months' sight Not.
On Baigon
SPOT
SPOT
38-1/2
38-3/8
33-1/4
off 1/4
Amer Metals” Co.,
20
| National Distillers ............................
231
A. H. Compton, Esq., «
JAN.-MARCH
37-1/4 37-1/8
37-1/8
0 1/8
Amer, Radiator
.......
72
|National Lead
171
L. J. Davies, Esq.,
ALOE STAE
APRIL-JUNE
35-7/8 35-3/4
35-5/8
off 1/4
Amez, Rolling Mill
∙151
Nat, Fower & Light"
Hon. Mr. S. R. Dodwell,
Amer. Bing and Ring Co.
451
National Supply Corp.
G. Miskin, Esq.,
· BAIGON
The market was quiet."
LONDON. RUBBER
Amer, Sugar Redning
14.
New York Cential ................
131
Previous close Today's close
Amer. Tel & Tel.
1684
Niagara Hudson. Power
31
buyers
*
buyers
Change
Amer, Tobacco "B"
70
N. American Aviation-
18
11-11/18
:11-11/16
unch.
Amer, Waterworks
7
North American Co.
16
2
On demand
...... 100 1/2
On Manila:-
DECEMBER JANUARY FEBRUARY "APRIL-JUNE
On demand
46 1/4
On Bangkok
Oh demand....
149 1/3
On Sterling Notes:--
Bank Baying Rate
·Bar Sliver per aş
Now, 22 7/8
11-13,'16
11-3/4
of 1/16
11-15/16
12-1/16
12-1/16
11-15/36 12-1/16 12
unch.
Anaconda Copper Atchison, T. & 9. F..........
271
Northern Pacific
61
173
Owens-Illinois Ginas Co...
471
unch.
Aviation Corp. ...
4#
Pacific Gas & Elec
271
off 1/18
Baldwin Lecometive
161
Parkard Motors
37.
Joy
Bangkok Kobe
MARKET
October Spot...
!
market eased off to 3.11/18. Last December advices indicated sellers at 3.45/84 January for spot. UB. Dollars opened with March sellera at 5.13/16 for Spot. Later May
Market Repon
FROM ROZA BRON, Silver prices dropped 1/8 yester day for both deliverles, the quota- tions being 22.7/8 for both Ready
and Forward. Silver advices re- ported the market as being very quiet with по business done. American Silver was quoted at 34.3/4 for Spot.
The London-New York gross-
?
The market, was idle. NEW YORK COTTON: The market today again hesitated, but there is general bellet that higher prices are necessary to check hold- ings. Mills are watching closely on the "free" supply situation because of the large diversion into the loan. Spots today were quiet but steady. December liquidation is increasing.
NEW YORK RUBBER: The quota for the first quarter of 1941 bas
been fixed at 100 per cent. of capacity.
CINICAGO WHEAT: At the close of the session, there was a broaden- ing of demand, both from mals and Commission houses.' Hedge selling was readily absorbed by increased buying interests.
NEW YORK STOCKS: Previous close, 129.78; Today's close, 130.14:
Change, up 36.
NEW YORK COMMODITY. MARKET
(RELTER'S SERVICE)
rate was quoted at 402.1/2. New NEW YORK, Nov. 30, 1940. York-London was quoted at 404.
Steady.
STERLING
There were sellers at 1/3 Dec. Jan, buyers at 1/3.1/32 for Cash.
B. S. DOLLARS
New York Cotton. Déc. New York Rubber, Dec. Chicago Wheat. Dec. Chicago Corn, Dec. New York Hides, Dec.
A small seller at 23.1/8 for Cash, NEW YORK COTTON buyers at 23.9/16 Cash.
Dec. (New contract)... 10.06/08 January
SHANGRAI DOLLARS. Business was arranged at 403 March
May
"and 404.1/2. The market closed
with sellers at 403.-1/2 buyers at July 104 for Spot.
SHANGHAI MARKET Sterling opened with sellers for Spot at 3.23/32, Subsequently the NEW YORK RUBBER
Total sales Friday:-81.600 bales
-20.45b
unquoted 20.14h/153 20.13/13 19.92b/95a 19.93b/973- 19.93b
Bendix Aviation
Siss Co.
'Baltimore & Ohio'
#
Pan-American Airways
154
Batavia.
Kowloon San
**ti
COLOMBO
DELA1 HAIPHONG
LUMPUR
KUCHING
KADRAS
MANILA
Barber "Asphalt Co.
10
Paramount Pictures
Bombay Kusis
Barnsdall Ou
91
Pennsylvania ·R.R.'
221
Calcutta
Lumpur
Shanghai.
321
Philadelphia Read. Coal
9}"
Cantou
London.
Singapore
Bethlehem Steel
861
Philips Petroleum
391
Chafoo
Под
Sourabaya
'14
Public Service of NJ.......
234
Colombo
Malacca
Sungei
Boeing Airplane Co.
18h
Dairen
Manila
Pullman Inc.
283
Foochow Muar
Patani Swiatow
Borg-Warner
201",
Pure Ou
8
Briggs Mfg.
24
Radio Corpn. of Am.
41
Bankow
Budd M'facturing Corp.
51
Reading Company,
Com
13.
Harbin.
Canadian Pacific R'way ....
34
Remington Arms Co., Inc.
€
Iloilo
Case. JL
61
Republic Aviation Corp.
47
[pob
Celanese ***
284
Republic Steel
Chesapeake & Ohio Chrysler Corpn.
42
Revere Corp.
221 111*
761
Reynold Tobac. "B"
321
Columbia Gas & Elec,
41
Safeway Stores
44
Commercial Credit Co. Com, & Southern (Ord:)
311
Schentes Distillers
101
#
Sears, Roebuck
743
Consolidated Edison
217
Shell Union Oil
104
Prev. Today's
Consolidated Oll
€
Secony-Vacunum Oil-
81
Continental Can
371
Southern Pacific
81
High Low 10.081003
301 891 632 821 12.72 12.72
Close Close Change 10.06 10.04 .02 of 20.43b 20.46b .02 up 881. 891 #up 631 821" 7 off 12.45b 12.77b 32 up
Continental ỌN
191
Southern Rly $5 pid
211
Copperweld Steel
19
Spicer Manufacturing Co.
331
Cartine Wright (C.)
BL
Standard Brands
63
Curtiss Wright "A"
28
Stand Gas & Elec."**
1}"
Decre & Co.
202
Standard Oil of California
174
Distillers, Corpn. Seagrams
181
Standard Oil of N.J.
341
Close
#4.
10.05/05
9.98 N
9.95b/99a
10.09/09
$.99/99
9.78/76
9.26/26
10.06 N
Opening Closing. Change
Douglas Aircraft
70
Stone & Webstr
7Z
10.04/04
02 off
Du Pont de Nemours..
156)
Studebaker Com.
8.
9.96 N
.02 off
Eagle Picher Lead
101
Swift International
∙179
10.09/09
10.07/08
.02 off
Eaton Mfg. Co. ...
334
Technicolor
.91.
0.97/50
9.97/98
.02. of
Eles, Autolite
35
Texas Corpn
381
9.72/72. .9.7an
unch.
Elec Bond & Share.....
43
Texes Gulf Sulphur
361.
9:24/24
9.25/25 10.04 N
.01. off
Elec, Bond & Share $5 pt... 58*
Timken-Axle
29
.02 off
Eles Bond & Share $6 pt.
81
Trans-America Co.
5
Elec. Power & Light 7 pf.
304
20th Ceft. Fox..
6
Intkote
Union Bag & Paper Corp.
133
Glen, American Trans.
53.1
Union Carbide & Carbon
71
THE CHASE BANK
20:43b 20.33b 20.120/134
20.45b/48a 20.33b
02 CM
Gen. Electric
321
Union Pacific
79
unch:
Gen Motors“
491
United Aircraft
435
„01 ́ ́up.
"Gen. Railway Signal
151
United Airlines Trans
164-
.01 up:
Gen. Tire & Rubber
131
United Corpn;
14
*
Lonar
the rate receded to 5.34. Last advices "Indicated sellers at 5.25/32 for Spot.
Shanghai Exchange
Shanghai, Nov 30 (Rentec).
Official T.T. Rates
New York
Opening
073-11/18
Total sales-550 tons. CHICAGO WHEAT "
Glidden Co
147*
United Corpn. $3 eum pt.
271
Goodrich (BF.)
141
United Gas Corpti
1
December
May July
881/881 281/881 891/801 869/863 861/871 8717871 822/821 €21/827 831/831
up
Goodrich $5 på.....
634
United Gas Improvement
101
4 AP
Goodyear Tire & Co,
171
US, Industrual Alcohol.
21*
קון
Friday's sales:-8,350,000 bushels. - CHICAGO. CORN
Great Northern Iron Ore Great Northern Rly, pfd.
171
U.S. Rubber
201
̈US, Rubber $8 pté,
90
Interest Rates oa Application.
Great Western Sugar......
201
US. Smelting
***
Greyhound Corpo.
11
U.S. Steel
201
December
May'
631/831 632/631 617/62
#21/821
+-off
Hercules Powder Co
721
Vanadium
224
Aingspers
Soun
Buslow
Chalonia
Malone San Fran. żydney
Haiphong Haskow Honolulu"
Kape
Pulping
Shangha
stana - Tantala
comter
62/617
611/011
unch.
Homestake Mining
49
Vultée Alreraft
..... 5-3/4
July
812/61)
312/617
812/011
unch.
Int Nickel
241
Walworth Co. ...m
AL
Japan
4.
NEW YORK HIDES
Inter. Paper & Power....
167
Warner Bros. Pict
32
December...... March
12.45b 12.13b/15a
12 43b60
12,20b/26a
12.77b 12.41b/434
קט 32.
Int, Tel. & Tel...
.17.
1
Westinghouse Elec.
105
Kennecott Copper
341
Woodward Iron Cor.
32
28 up
Lakey Foundry & Mac,
4.
unquoted. 4.04
Libbey-Owens-Ford Glass Lockneed Aircraft
442
Chase. National Bank National City Bank
33
261.
30%
DOW JONES AVERAGE:
1940
High Low Dow Jones Averages
Nor.
16180 11L84 30
37 67 1218 20
28.46 18022).
Industrials Balli Utilities
808) 83.06 40 Bonds
Dea. 1, 1940.
High Low Close 13.02-18135-132,24/131,00
34,13 28.03:37.90 $7,97 1995 2002 18.80 1997 $0.08
Change
97.pp
18.gi
.0% up
90.10
.03 up
11
64.07 48.47 11. Commodity Index
56.37
36.53-
Business Done: 240,000 abergs
CORRENT Accounts" opened in LOCAL CURRENcy and Fixed Deposits received for one year or shorter periods in Local and other Our rencies on terms which will be quated on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainabis on application.
01
The Bank's Head Office in London undertakes Executor and Trustés business, and claims recovery of British Income Tax overpaid, on ALSO up to date SAT DEPOSIr tarms which may be ascertained as
any of the Agencies and Branches. Boxes is various sizes. To LET
R. A. CAMIDGE, Hong Kong, 30th November, 1940.
Manager.
HONGKONG SAVINGS'
BANK
The Business of the above Bank
8 conducted by the HONGKONG SHANGHAI BANKING COR PORATION. Rules may be obtain---
d on application."
For the HoxarONG & SHANGHAI BANKING CORPORATION,
..
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1930.-
16, QUEEN'S ROAD, CENTRAL HEAD OFFICE:
NEW YORK.
An American Bank offering com- plete Foreign Banking Bervice in' the principal Marketa of the world.
SAVE DEPOSIT BOXES
This Bank is entirely owned by
Tan CaAM NATIONAL BANK New Xoax, with Bescuros of or U.S.$2,000,000,000,
D. M. BIGGAR,
Second Flos Frate{
Job?
WANT ADS
INDO-CHINA
BANK OF EAST ASIA, LIMITED
Anthurised Capital....$10,000,000.00 Paid-Up Capital ......
..... 5,598,800.00 Beserve and Undivided
Porâts ...........2,933,261.50
Head Offer:-HONG KONG No. 10 Des Voeux Road, Central.
"Board of Directors:
SIR SHOPSON CHow, Chairman Là Koon Chan, Esq. Li Lan Jang, Bag." P. K. Kwok, Esq. · Wong Chu Bon, Esq Wong Yan Tong, Eng. Fung Ping Wah Eaq.. Chan Ching Shok, kaq,
KANTONG Po, Esq., Chief Manager Li Tax Foxa, Ese, Manager
Amoy
Bateria Bombay
Branches and agencies:
Karlo Pezane London
Exery description of Banking and Exchange business transacted. Loans "grated on approved securities
Current Accounts opened in Local "Jurrency and Fixed Deposits re ceived for one year or shorter periods in Local aud Foreign Cur rencies on terms which will be quoted on application.
SAYS EXPOSIT BOXES TO LET.
· KAN TONG POL
Chief Manager.
BANK OF CHINA
8pecially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE BANK PAID-UP CAPITAL - $40,000,000,00
STEAM NAVIGATION COMPANY LTD BRANCHES ALL OVER CHINA)
.61-08-
Chin. Imperial Rly.%
Loaneri
India
Hongkong
Spot
Dec.
Spot
Sterling
24-3/8
20-3/8 N 24-1/2
Hellers
Opening Closing 0/2-23/32 0/3-45/04
··0/3-45/64 073-11718
-U.S. Dollars
35-13/18 $5-25/32
5-3/4.
Dec....... 5-25/92 Market:-Inclined to be casy.
Silver Duty Rate
The Central Bank of China's tute. on London at 10 am. today was. 1/2-1/2d.
The Equalisation rate was 211 per cent.
India Rupee Paper:
Bombay, Nov 30 (Reuter), Govt. 31 Rupee, 93-05-0.
Calcatta Exchang
· Calcutta, Nov. 30 (Reuter T.), on "Japan. 81-1/4-..
SILVER MARKET -..
BOMBAY SILVER Bombay, Nov 30 (Reuter). Market-Quiet, Oftake 50 bars.
Indian-Mint Silver. :
Total sales for the day!-82 contracts.
N.Y. Official Gülver ........ 84-3/4 NY-London Cross Rate 4,04
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Nov. 29.
Tientsin-Pukow Riy. 5%
(Brit. Stpd. Supl. Loan 11 The following quotations are the middle prices at the close of the lentam-Pukow Rly. 5% market in London. All quotationster.tpd. SupL, Loan3 are subject to confrmation and no jap. 3% Bter, Loan, 1924 : 30 responsibility is assumed for errorser, 2% Intl Loan, 1924 5ƒ in transmission.
War Loan, 31% (Red,
after 1952)
Defence Loan, 3% ... Canten-KionRly. 5% Chinese 41% Gold Loan
1988 (Brit. Ispäet kont Chin. 41% Anglo-French
Loan, 1908 „e Jhinese 5% Crisp Lean.
1912........ Chinese 5% Reorg. 12an. 1913 (Ldn. Im) · Daniya Chinese 8% Bter. "Noter.
Nás (Vickers)
Chartered Bank H.K. & Shal Bank (Lán
Reg.
081
1022
1012
K. S'hat Bank (Col Reg)
73
10
Chinese Eng, & Mining
(bearer) and.
16/3
36
Chosen Corporation
4/-
Mercantile Bank of In-
Operating Services for Cargo and Passengers
dia, 25, "g"
101
TO
Pekin Syndicate manns en
2/-
SWATOW, SHANGHAI, TSINGTAU, CHEFO0
B'hai Elec. Constr." "Co. "...
15/-
and TIENTSIN
S'hal Waterworks "A"
Union Insurance
131 20
Gula Kalumpang Rubber 15/76. Lon., Mid, & Scot, Rly. 148.
Great Western Rly.
341
48
National Bank of India 281
All steamers berth alongsido
01-03
Honan Rly. 5%
131
B.-A. Tob, (bearer)
86/3
the Roosevelt Terminal ja
61-08
Bukuang Riy 5%, 1911..
Dunlop Rubber"
32/-
the French Concession
t
LPN/Y Issue)
Bristol Aeroplane
10/-
Bhanghai, where passenger
and cargo are landed.
Kukuang Rty, 5% 1911
Imperial Chemical Ind. 28/6
German Issue')
12
United Steel
20/101
Lung Tsing & Hai
Rly. 5%-1913) 8hat-N'King Rly, 5% Tientain-Pukow Rly. 5%
(Brit. Stpd.), Tientsin-PukowRly. 5%.
(German 8tpd.)
Woolworths
For further particulars
50 141
please apply to
Marnier. Investments
17/6
Western Holding
9/9
Sub-Nigel
157/6
Thell Trans, & Tr
bearer)
9/11
TELEPHONE SOSIL GENERAL MANA
Ready
Dec. 27 Settlement
Jan 22 Settlement
LONDON METALS
EXCHANGE
London, Nov. 29 (Reuter)
Tin, Standard, Cash, Middle Price, £258-1/8.
Tin, Standard, 3 months, Middle Price, 22601.
Market steady.
KOB and OSAKA
BINGAPORE, PENANG and CALCUTTA
SANDARAN
HAIPHONG
Owing to our numerous Branobes in China and connections in the principal Commercial Centres of the World, we are able to extend So our Clients special, facilities for
Domestic and Foreign Banking and w
Hend Office:-SHANGHAI -
Hong Kong Branch QUEEN'S BOAD, C. South China Oficda."
CANTUN
SWATOW BHIUCHOW
KONGMOON TOIBHANA
KINGCHOW
We also handle the issue of Bond and other Publis Funds of --the Chinen Government hoth st Home and Abroad
BHOU J. CHEN
Manager.