buyers
Opening Closing Change
buyers
38-1/2
38-3/8 38-1/4
of: 1/4
37-1/437-1/8 37-1/8 35-7/8 35-3/4 95-5/8
of 1/3
STOCKS
of 1/4
On demand
385
The market was quiet,
LONDON RUBBER
Adams Express
Alleghany Steel Co.
PAGE 10-HONGKONG. DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
COMMODITY MARKET REVIEW
(FROM PAINE & CO.)
EXCHANGE NEW YORK, Nov. 28, 1940.
CLOSING QUOTATIONS
DECEMBER 2, 1940
On London:-
Telegraphic Transfer: 18 7/3 Bank Bills, on demand 1/8 7/8 Credits 4 monthe" sight
On Shanghai:---
SINGAPORE RUBBER
SPOT
JAN, MARCH «............ AFRIL-JUNE
Previous Nov, 28 Close
*NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
DECEMBER 1, 1940
STOCKS
TUESDAY, DECEMBER 3, 1940.
BANKS
"HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION .....
Authorised Capital....... $50,000,000
Reserve Funds:
Sterling ....
INDIA, AUSTRALIA "
AND UMINA
Issued & Fully Paid-Up #0,000,000 Incorporated by Royal Charter, 185#
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,000
£3,000,000
HEAD OFFICE: LONDON:
H.K. Currency Beserve $10,000,000 Reserve Liability of Pro- Beserve Liability of
prietors
Last Bala
Last Sale
Nov. 30
Nov. 30
Proprietors
„$20,000,000
6.
Loew's Inc.
301
231
Loft: Incorperated
201
Head Office:-HONG KONG
Previous closs Today's closa
Allis Chalmers
341
Mack Truck "Te,
272
On Singapore:-
buyers
buyers
On demand
52 3/4
S'POT
11-11/18
11-11/16
Change unch
Aluminium Ltd.
78.
Martin, Glen L
324
Amer, Can
87
McKesson & Robbins, pia.
26
Bourd of Directors: Hon. Mr. J. J. Paterson,
On Japan:--
DECEMBER
11-13/18
On demand... 103
JANUARY
11-15/16
On India.
FEBRUARY
12-1/16
11-3/4 11-15/18 13-1/16
of 1/18
American Cyanamid B.
351
Montgomery Ward
381
unch.
Amer. Foreign Power ...
1
Mtain City Copper Co.
4
O O. Roberta, Esq.,
unch.
Amer & Foreign 37 på.
15
National Aviation,
109*
Telegraphic Transfer
and demand
83-1/2
On demand
On Manila:-m
On demand
100 1/1
48 1/4
On-Bangkok-
On demand
119 7/3.
On Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
Now, 29 7/8
On New York:—
Bank Bills, on demand 23 1/8 Credits, 60 days' sight 24
On Batavia“)— ..
On demand 43.1/4
On Paris:-
Bank Bills, on demand Nom. Credits 4 months sight Nom.
On Balgon:---
APRIL-JUNE
The market was idle.
NEW YORK COTTON: The market today again hesitated, but there.
is general belief 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 qulet but steady. December liquidation is increasing.
| NEW YORK RUBBER: The quota for the Brst quarter of 1941 has
been axed at 100 per cent. of capacity:
CHICAGO WHEAT: "At the close of the sessión, there was a broaden
ing of demand, both from mills and Commission houses. Hedge selling was readily absorbed by increased buying interestą.
NEW YORK STOCKS; Preylous close, 129.78; Today's close, 130.14; -
Change, up 36-
12-1/16
12
OT 1/16
Amer, Locomotive
151..
Nat. Dairy Products
13
J. K. Bousfield, Esq.,'
Amer. Metals Co.
20
Amer. Radiator
National Distillers
|National Lead
231
177
Amer, Rolling Mill
151
Nat. Fower & Light
가
Hon. Mr. 8. H. Dodwell,
Amer. B'ting and R'ing Co! - 451
National Supply Corp.
G. Miskin, Esq.,
Chairman.
Deputy Chairman."
A. H. Compton, Esq., L. J. Daries, Esq.,
33, Bishopsgate E.OR Sun-Agencies in London:
117/122, Leadenhall Street, E.C.a) West End. Branch:
14/18, Cockspur Street, 8.W! Manchester Branch:
52, Mosley Street, Manchester, s
AGENCIFS AND BEANCHES-
HARBLE
PEMANG HONG KONG KANGOON
ALOR STAB ANKITSAR BANGKOK
E. 8. Morrison, Esq.,
Amer. Sugar Refining
14*
New York Cential
131
Hon. Mr. T. E. Pearce,
Amer. Tel & Tel.
1064
Niagara Hudson Power ...
31
Amer. Tobacco "B"
70
N. American Aviation
18
Amer. Waterworks
7"
North American Co.
161
Anaconda Copper
271
Northern Paride'
01
Atchison, T. & 6, Fe.
173.
Owens-linois Glass Co...
471
Aviation Carp.
41
Pacific Gas & Elec
271
Baldwin Lecometive
181
Packard Motors
31
Amor
Baltimore & Onio
4.
Bangkok
Kobr
Hangoon. Saigon
Pan-American Airways
.154
Batavia
Kowloon San
Barber Asphalt Co.
10
Paramount Pictures
91
Bombay
Kuala
Francisco HAMBURG
Barnsdall 00
91
Pennsylvania · RR.
221
Calcutta
Lumpur
Shanghai
Bendix Aviation
.321
Philadelphia Read, Coal
Car 3D
London
Singapore
Bethlehem Steel
807
Phillips Petroleum
391
Chb.Jo
Lyons
Senrabays
NEW YORK COMMODITY MARKET
Bliss Co.
14
Pubile Service of NJ,
281
Cólnabo
Malacca
Sungei
Dairzo
Manila
Patani
Monday, Dec. 2.
Market Report
FROM ROZA BROS.
Silver prices were unchanged New York Cotton. Dec. aver the week-end, the quotations New York Rubber, Dec. remaining at 22.7/8 for both
Ready and Forward. American Silver was unquated.
Chicago Wheat. Dec.
Chicago Corn, Dec. New York Hides, Dec.
The London-New York CTOSS- rate was quoted at 402.1/2. New NEW YORK.COTTON
York-London was quoted at 404.
Boeing Airplane Co......
18
Pullman Inc.
204
(REUTER'S SERVICE)
Foochow Must
Swatow
Borg-Warner
201
Pare Oll
8
NEW YORK, Nov. 30, 1940,
Briggs Mfg.
24
Radio Coren, of Az
47
Hankow
Prev. Today's
Budd Mfacturing Corp.
ᎦᏐ .
Reading Company,
Com
13
Harbin
New York
High Low .10.08 1002
"
MARKET
Steady.
•
STERLING
Dec. (New contract) January {
Close
10.06/06
...... 9.98 N
281 891 631 621 12.72 12.72 Opening 10.05/05 9.95b/993
Close Close Change 10.08 10.0430Z "off · 20.43b 20.45:02 up B81 69. up 637 621
off 12.45b 12.77b 32 up
Canadian Pacific R'way
37
Remington Arma Co., Xaç
6
(loilo
Peiping
Case, JI
61
Republic Aviation Corp.
47
[pob
Celanese
281
Republic Steel
221
Chesapeake & Ohio
.42
Revere Corp.
111
Chrysler Corpn.
·76) ...
Reynold Tobac."" "B"
321
Columbia Gas & Elec.'
41
Bafeway Stores
44
Closing
Change
Commercial Credit Co.
31
Schenley Distillers
104
Com, & Southern (Ord.)
Z
Scars. Roebuck
742
10.04/04
.02 of
Consolidated Edison,
211
Shell Union of
101
9.98 N
.02 oft
Consolidated Ol
6
Socony-Vacuniam Of
at
March
10.09/09
5
There were sellers at 1/3 Dec.- Jan: buyers at 1/3.1/32 for Cash,
U. 5. DOLLARS Bome business was reported at 23.1/2 December. The market! closed with sellers at 237/18 for
·Cash and 23.1/2 January, and small buyer at 23.1/2 for Cash,
SHANGHAI DOLLARS Business was arranged at vari-i ous rates." The market closed with sellers at 401, buyers at 402.
Total sales Friday: NEW YORK RUBBER December January March May
May
July October Spot
9.99/99
10.09/09 9.07/50
10.07/08
.02. off
Continental Can
371
Southern Pacific
是
9.97/08
.02 off
Continental Oil
194
Southern Rly $5 ptd.
211
9.76/76
9.72/72
0/26/28
9.24/24
10.00 N
9.7ön 9,25/25 10.04 N
unch.
Copperweld Steel
.91 of
****j-19*
Sploer Manufacturing Co. 334
Curtiss Wright (C.1
Standard Brands .....
64
.02 off
Curtis Wright "A"
28
Stand Gas & Elec, .......................... 11"
81,600 bales,
Deere & Co.
201
Standard Oll of California 174
Distillers Corpn. Seagrams
18)
Standard CD of NJ.
344
20.45b
20.43b 20,336 *20.126/13a 20.14b/15a 20.13/13 19.92b/955 19.93b/978 19.03b
Unquoted
"20.45b/48a
20.33b
02 01
Douglas Aircraft
79.
Stone & Webster
77
Du Pont de Nemours
1564
unch.
Studebaker Com.
&
.31 up
Eagle Picher Lead
101
Swift International
171
Eaton Mfg. Co...
33.
.01
Technicolor
91
up
Elec. Autolite
35
Total sales---550 tons. CHICAGO WHEÄT
December
Texas Corpn. ....
381
Mee Bond & Share
43
Texes Gulf Sulphur
381
Elec. Bond & Share $5 pt.
56*
Timken-Axle
29
SRANGHAI MARKET" Sterling opened with sellers for: Spot at 3.23/32. The highest rate-
May
BB1/881 887/887 861/862
891/894
Elec Bond & Share $8 p.
84
+ up
Trans-America Co.
5
Hong Kong 45th Feb. 1930.
863/871
871/871
Elec. Power & Light 37 pí.
301
20th Cent. FOL
6
up
July
8237821
821/821
Fimtkote
\831/831
up
Union Bag & Paper Corp.
138
Gen: American. Trans.
531
Union Carbide & Carbon
71
Friday's sales-9,350,000 bushels,
THE CHASE BANK
Gen. Electric
327
Union Pacific
79
touched was 3.13/16, Subsequently CHICAGO CORN.
and closed at noon with sellers at
opened with sellers for Epot at
the market eased off to 3.47/64 December
3.23/32 for Spot, US. Dollars July
3.13/18 and subsequently the rate NEW YORK HIDES
rose to 5.15/16. At the close sell- December
ers were quoted at 5.13/16 Spot.
AFTERNOON MARKET The market was quiet in the afternoon,
Gen Motors
491
United Aircraft ........
437
831/831
031 631
621/621
off
Gen. Railway Bignal
153
United Airlines Trans
151
¡May
611/62
.62/617
613/013
unch.
Gen. Tire & Rubber
131
United Corpn.
11
611/611
817/611
613/613
"unch,
Glidden Go.
141.
United Carpa $3 cum pf. 271
Goodrich (BF)
144
United Gas Corpn.
1
Goodrich $5 pf.
627"
12.45b
United Gas Improvement
10
12.43b60a 12.77b
32 up
Goodyear Tire & Co........
171
US, Industrual Alcohol.
21.
for March
12.13b/158
12.20b/26a 12.41b/43&
"23 up
Great Northern Iron Ore ..
171
U.S. Rubber .......i
234
Total sales for the day:82 contracts.
Great Northern Rly, pfd,
204
UA, Rubber $8 pfd........
"90
Interest Rates ou
Application
N.Y, Oficial liver.... 34-3/4 NY-London Cross Rate 4.04
Great Western Sugat
:201
unquoted, 4,04
US. Smelting
#༢༤
Greyhound Corpn. ........
11
US, Steel
681
Hercules Powder Co.......
721*
Vanadium
334
Homestaka Mining
491
There
STERLING
were
Vultés Aircraft
A#
Int Nickel
241
י
Japan -India
Opening 0/2-11/16
New York
** 0-3/4"
24-3/8
Hongkongg
40-3/BN £26-1/2
(LP. N/Y Issue)
14
Hukuang Rly 5% 1911
-12
Sterling
sellers at 1/3
l December/January, buyers at 1/3- 1/32 Cash.
U.S. DOLLARS
The market closed with sellers BL 23.7/18 for Cash and possibly 23.1/2 January, buyers at 23.9/16
for Cash.
SHANGHAI DOLLARS Business ́ was again arranged at various rates. The market closed with sellers at 400.1/2.
L. SHANGHAI MARKET Sterling sellera for Spot were quoted at the opening at 3.45/64 and closed with sellers at 3.47/64 for Spot, US. Dollars opened with sellers at 5.25/32 and closed with sollera at. 5.27/32 for Spot,
Shanghai Exchange
Shanghai, Dec, 2, (Reuter); *.--Oficial T.T. Bates
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
Reg.)
London, Nov. 29,
The following quotations are the middle prices at the close of the market in London. All quotations are subject to copârtiation and no responsibility is assumed for errors in transmission.
| War, Loan, 3}% (Red.
after 1952į Defence Loan; .3%
Canton-Kloon Rly. 5%
inese 41% "Gold Loan 1898 (Brt Issue)·... Jhin. 44% Anglo-French
Loam, 1908 Chinese 5% Crup Loan:
1912
Noter
Chinese 5% Reors. Loan
1913 (Ldn. Is).. Chinese 8% Bte temps (VickerB) Chip. Imperial Rly 5%
Honan Rly 5%
Sukuang Rig 5%, 1911..
Walworth Co.
54
Inter. Paper & Power
187
Warner Bros. Pict.
31
Int. Tel. & Tel.
11
Westinghouse Elec.
105
Kerecott Copper
341
Woodward Iron Cor.
32
68
K. & 8'hal Bank (Col.
Lakey Foundry & Mac. Libbey-Owens-Ford Glass Lockheed Aircraft
4.
441
Chase National Bank' National City. Bank
.33*
284*
301
P.cg)
73
nese Eng. & Mining
(bearer)
16/3
DOW JONES AVERAGE
Chosen Corporation Mercantile Bank of In~~
dia, £5, "G"
4/-
1940
• Deo. 1. 1940,
Haiphong (Jokura) Tientain
Mükden Tokyo
Penang
Tsingtao Yokohama
LIFEONG
HANTOWN
NEW YORK
PRIPING
(Peking)
FOREIGN EXCɛanos and General Banking Business-transacted.
QUENEET ACOovem opened, and |- Fixed: DEPOSITS remived" for "One Year or shorter periods in Losal ex Other Currencies" at rates which will be quoted on application.
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London
CURRENT ACCOUnis opened in FOCAL CURRENCY and Fix Deposita received for, one year or shorter
eriods in Local and other Car- undertakes Executor and Trustee encies on terme which will be business, and claims recovery" of British Income Tax overpaid, on uoted on application.
:
Atso up to date Sara DarOSIT terms, which may be ascertained at
acy, of the "Agencies and Branches. Boxes in various sizes To LT.
R. A. CAMIDGE,
Manager.
Hong Kong, 30th November, 1940,
HONGKONG SAVINGS
BANK
The Business of the above Bank 's conducted by the HONGKONG SHANGHAI BANKING 008- PORATION. Rules may be obtain-
d on application.
For the HoraxonG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager:
15, QUREN'S ROAD, CENTRA¡
HEAD" OFFICE:
18, PINE STREET,
NEW YORK
An American Bank offering com- plets Foreign Banking Berrio
in the principal Markets of the
·world..
SAFE DEPOSIT BOXES
This Bank is entirely owned by Тик Chan NationAL BANK. New Yoan, with - Resourose, of oral U.B.$9,900,000,000. -
D. M. BIGGAB,
Bacon Fios Fre
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000,00 Paid-Up Capital Reserve and Undivided,
Porfita
5,508,600.00
$2,983,281.50
Head Office:—HONG KONG No. 10 Des Voeux Road, Central..
Board of Directors;
47
BIR SHOPSON Cнow, Chairman LA Koon Cian, Esq. Li Lan Sang, Bag, P. K. Kwok, Bag. Wong Chu Son, Esq Wong Yun Tong, Esq. Fung Ping Wak Esq. Chan Ching that, Bag,
KAN TONG Po, Esq., Chief Manager
LI Ta Fona, Esu, Manager
Branches and Agencies:
Pang Kamion
Blogapore Loudon Mangion Boys Kunila
Balo
Swalow Melbourne Bei Fran- Sydney
Palplag Shangh
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or
shorter periode in Local and Foreign Cur rencies on terms which will be quoted on application.
BAT CEPOSIT BOXES TO LAT.
KAN TONG PO,
Chief Manager.
CALCUTTA
·KABAGHI KLANG 4UENCIKA: XOBR OLITA BELKİT FAIRGIN PLASM
Hon. Mr. A. L. Shield», Sir Vandeleur M. Grayburn,
Chief Hanager, Į KANTON -
Branches: Johnr
JAWAPORE CERT
KUALA
LUTIPUR KUCHING.
BAIGON
BEREMBAN
SHANGHAI
SINGAPOR
·DIZIAWAN-
SOUTAMIYA
TAIPING
MADBAR- TORGKAN
MANILA
(Bhukot)
TOKORAMA
BATAVIA
Hor IPOH
BOMBAY..
| COLOMBO,
DELHI
MEDIAN
יד
Amay
Hatayin
Bownbay
Calegria
Haiphong
Hackow
New York Beattie
Hasolala
Packe
dexing
Labe
101
High Low Dow Jones Averages 152.80 111.84 "20° Industrials-
Pekin Syndicate
2/-
1021
S'hat Elec. Canetr, Co.... 15/- S'hai Waterworks “A” ...
32.67 22.18' 20 28.45 18 03. 20
Raila
Nor. 29, 181,03 *.15
Bigh Low Close
181.25 137.24,131,00
Change .97 up
28.013 · 27.90 27.97.18 off
13)
90.9
83.06 40
Utilition Bonda
1993
90.08
1011
10
Jalón Insurance Gala Kalumpong Rubber 15/76
20
64.07 48.47 11 Commodity Lader
66.17
Business Done: 340,000 shares
30
Loadie vepronsanamredi
ེ་ ོ་མ་ལ་ལས་ཐགཔ ཡ ཡ,, སཙྩུབ་
381
Lon., Mid, & Scot, Rly, 148 - Great Western Rly.· ́34) National Bank of India 284 B-A Tab, (beater)
Dunlop Rubber
Bristol Aeroplane
86/3 32/~ 10/-
United Steel
20/104
Woolworths
Marsmal Investmenta
Western Holdings
Sub-Nigel
56° 741 57/8: 8/9 157/6
Operating Services for Cargo and Passagers
ΤΟ
(bel, Trand a Trad
(bearer)
83/1
bid..
-ex div.
Spot Dec
apot
"Dec.
Rellers
Opening Closing 0/3-23/32/0/3-47/64 0/3-23/32 0/3-23/32
11.8. Do fars
#5-13/165-27/32 6-13/16 -5-13/18
Market: Uncertain.
Silver Duty Eate
The Central Bank of China's
rate on London at 10 am today was 1/2-1/2d1.jang
(German Issue) · Lung Tsing & U Hal
Rly.5% 1913
hal-N'King. Fuy. 5% Tientsin Pukow Rly. 5%
(Brit Stpd,) Tientsin-Pukow.ly: 5%
(German Btpd.), Tientsin-Pukow Blz. 5%
14
| ' (Brit. Stpd. Supl, Loan) Tientsin-Pukow Ris. 5%
(Ger, Btpd. Supi, Loan) 11
Jap. 8% Bter, Loan, 1924 30
der, 7% Intl. Loan, 1924. 54
The Equalisation rate was 211 Chartered Bank per cent.
.......
HK 8'hal Bank (Lan
| HONGKONGTM
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Monday, Dec. 2, 1940,
BALEN
N.C. and 8. Banks ... HE. Docks: (0)")
The total value is $3,3
· 200 (16,80.
700
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIFHONG
All steamera berth alongside the Roosevelt: Terminal in
the French Concession at
Shanghai, where passengers. and cargo are lauded.
For further particulars
please apply tomy
JARDINE MATHESON&Co.,L TELEPHONE SOSII-GENERAL MANAGERS
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
WANT ADS
INDO-CHINA
BANK OF CHINA
Epecially Chartered by THE NATIONAL GOVERNMENT OF CHINA AÐ AN INTERNATIONAL EXCHANGE BANK: PAID-UP CAPITAL $40,000,000.00
Imperial Chemical Ind. 28/6 STEAM NAVIGATION COMPANY (BEANCHES ALL OVER CRIBA)
500 #101
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 facilitibs for Domestic and Foreigu Banking and Exchange.
Head Office:-SHANGHẢI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China" "Officers
CANTUM
SWATOW SHIUCHOW
KONGMOOŃ. TOISHAN V KINGCHOWA We also handle the imus of Bonds and other Public Fands of the Chineso Government both at Home and Abroad
SHOU CHEN,
Manager
20.03 19.89 -19.97
.03 up 90.10 1.03 up 59.63 .16 up