PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
COMMODITY MARKET' REVIEW (FROM. LAYNE & CO.)
EXCHANGE NEW YORK, Nov. 28, 1940,
CLOSING QUOTATIONS
DECEMBER 3, 1940.
On London:-
Telegraphic Transfer. 1/9 7/8 Bank Büle, on demand 1/8 7/8 Credits 4 months' sight
On Shanghai-
On demand 300
On Singapore:--
On demand............... 32 3/4
On Japan:-
On demand.............101
On India:---
Telegraphic Transfer.
and demand
On New York:—
82 1/2
· Bank Bills, on demand 23 1/8 Credlis, 30 days' sight 24
On Batavis:-
On demand
On Paris:-
të 1/4
Bank Bills, on demand Now. Credits 4 months' tight Nom.
Op Salzon:-
On demand
100 1/2
On Manila:
On demand
46 1/4
On Bangkok:---
On demand On Sterling Notes:-- *
Bank Buying Rate Bar Silver per oz. ....
149 1/3
Now. *22 13/16
Market Repor
SINGAPORE RUBBER
SPOT
| JAN.-MARCH
8' POT DECEMBER
JANUARY
FEBRUARY
APRIL-JUNE
The market was idle.
Prerlous
Nov, 28
unch.
unch.
| 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. Spota today "were quiet but steady. December liquidation is increasing.
| NEW YORK RUBBER: The quota for the first quarter of 1941 has
been fixed at 100 per cent. of capacity,
| CHICAGO WHEAT; At the close of the session, there was a broaden- ing of demand. both from mills and Commission houses. Hedge selling was readily absorbed by increased buying interests. NEW YORK STOCKS: Previous close, 129,78; Today's close. 130.74;
Change, up 36.
NEW YORK · COMMODITY MARKET (RETTER'S SERVICE)
New York Cotton, Dec. New York Rubber, Dec. |Chicago Wheat, Dec.
Chicago, Com, Dec. New York Hides, "Dec. NEW YORK COTTON Dec. (New contract) January March
FROM ROZA BROS.
Tuesday, Dec. 3. Bilver prices dropped 1/16 yes terday for both deliveries, the quotations being 22.13/16. for both Ready and Forward Silver ad- vices reported the market as being May quiet with a small business done.
July American Silver was quoted at: October 34.3/4 for Bpot.
Spot
Close 10.04/04
The London-New York cross--1 Total sales Saturday:—42,300, bales, rate was quoted at 402.1/2. New NEW YORK RUBBER York/London was quoted at 403.
1/2
Quiet.
MARKET
STERLING
Prev. Today's
Closing
שנן 02.
NEW YORK STOCK EXCHANGE
STOCKS
Amer Metala Co.
Amer, Radiator
Amer. Tobacco "B"
QUOTATION
(REUTER'S SERVICE)
DECEMBER 3, 1944, '
Last Sale
WEDNESDAY, DECEMBER 4, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital $50,000,000
INDIA, AUSTRALJA AND CMINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1866
Reserva Funds: "
Paid-Up Capital £6,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Chairman.
Deputy Chairman.]
G. Miskin, Esq.,.
K. 8. Morrison, Esq., Hon. Mr. P. E. Pearce,
Hon. Mr. A. L Shield, Bir Yandeleur M. Grayburn,
Chief Hanager.
CURRENT
Branches:
Jabore Rangoon Kobe
Saigon
prietors.....
£3,000,000 „£3,000,000
£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate E.C.R. Sub-Agencies In London: |"117/192," Leadenhall Street, E.GS.
West End Branch:
· 14/16, Cookspur Street, 8.WI Manchester Branch:
59, Mosley Street, Manchester, &
AGENCIES AND BEANCHES-
ALOK KTAR BARDIN PENANG AMRITSAR KOKA KING BANG00% HANGKOK ILOILO
поп
- BATAVIA
BOMBAY CÀLCUTTA
SAIGON
BERIKAN.
TABACH: KLANG
BHANGHAI
SINGAPORE
AGENCIKH :- Ko
CLIFE BETT
FAIRLIN PHAGE KUALA
CANTON
CAWNPORE
CO
COLOMBO
LUXPUX
KUCHING
MADRAS
MANILA
DELAI TUMEDAN HAIPHONG
Francisco HAMBURG
Lyonn Sourabaya
Muar
Patani Swatow
(Johore) Tisatsin Mukden Tokyo New York Tsingtao Peiping Yokohama Penang
J
KANTOW
BRW YORK PRIPINO
(Peking)"
SITIAWAN
BOURASATA
TAIPING
TĶESTRIN
TONGKAR
(Bhuket)
TSINOTAÐ
TOKOHAMA
FORNON Exonaxer and General Banking Business transacted.
CURRENT ACCovers opened....sad FIXED DEPOSITS received for Ons Year or shorter periods in Local 'sa Other Currencies at · rates which will be quoted on application.
Savings Accoum also opened an Local Currency and Sterling with Pinterest, allowed st rates obtainabla
ca application.
The Bank's Head Office in London
ACCOUNTS opened in LOCAL CUBRENOr 'and FixED Daycares received for one year or shorter periods in Local and other Cur- undertakes Executor and Trustee rencies on terms which will business, and claims recovery of British Income Tax overpaid, oo terms which may be ascertained as any of the Agencies and Branches..
R. A. CAMIDGE,
Manager.
quoted on application.
ALO up to date SAT DEPOSIT Boxes in various sizes To Lat. Hong Kong, 30th November, 1940.
HONGKONG SAVINGS
BANK
APRIL-JUNE
"Close Opening Closing Change
buyers buyers 38-1/2 38-3/8 38-1/4 37-1/4 37-1/8 37-1/8 35-7/8 35-3/4. . 35-5/8
"Sterling....
off 1,4 of 1/8 :¤¤ 1/4
Reserve Liability of
Proprietor.....----、、
$90,000,000
The market was quiet. LONDON BUBBER
STOCKS
Last Sale
Dec. 2
·Previous close Today's close
Dec. 2
Head Office:-HONG KONG
buyers
buyers
Change
Adams Express
Loew's Inc..........
31
11-11/16
41-11/16
*unch.
Alleghany Steel Co
231
Loft Incorperated
11-13/16
11-374
off 1/16
Allis Chalmers
341
Mack Truck Inc.
Board of Directors: Hon. Mr. J. J, Paterson,
11-15/16
11-15/18
Aluminium Ltd. ··········*]).
76"
Martin, Glen L
32
·12-1/16
13-1/16
́12-1/14
12
Amer. Can...................
878
McKesson & Robbins, pit
C. C. Roberts, Esq.
of 1/10
American Cyanamid B..
35+
Mantromery Ward
I
Amer, & Foreign Power
1
Mtain City Copper Co.
J. K. Bousfeld, Esq.,
Amer. di Foreign #7° pl. "...
104*
National Aviation
10
A. H. Compton, Esq.,
Amer, Lokomotive
16
Nat, Dairy Products
13
L. J. Davies, Esq.,
201
National Distillers
Hot. Mr. S. H. Dodwell,
#
National Lead
Amer, Rolling Mill
151
Nat, Fower & Light
Amer, Sting and Ring Co. 447
National Supply Corp.
Amer, Sugar, Refining
131*
New York Cental
Amer, Tel, Tel:
158
Niagara Hudson® Power
31
701
N. American Aviation
171
amer, Waterworks .............
31
North American Co
∙165
Absconds Copper
1971.
Northern Pacific
81
Atchison, T. & 8, TO
181
Owens-Illinois. Glass Co.
474
Amöj
Aviation Corp.
41
Paclic Gas"& Elec
27
Bangkok
Baldwin Lecometive
187
Packard Motors
31
Batavia
Kowlonu San
Baltimore & Ohio
91
Pan-American "Airways
Bombay
Kusla
157
Barber Asphalt Co.
Calcutta
Paramount Pictures.....
Lumpur Shanghai
Barnsdall Of
9
Canton
London
Pennsylvania RR.
Singapore
Chefoo
Bendix Aviation
Philadelphia Read, Coal
Colomba Malacca
High Low Close Close Change 10.12 10.07 10.07 10.09 20,22 20.22 20.13. ·20.23
881 871 671 871
613 617 61 1263 12.51 12.41b 12.54
Opening 10.05/05
Bethlehem Steel
Bungol
Phillips Petroleum
30
Dairen
Manila
Shes & Co.
142
| Publlo Service of NJ:
29
Foochuw
.09 up
Boeing Airplane Co.
18
Pullman. Ing.........................
25
Haiphong
unch.
Borg-WaraX
201
Pure Of
8
Bankov
1 of
Briggs Mig.
24
Radio Corpn, "of "Am.
5
Harbin
13 ap
Budd M'facturing Corp.
51
Reading Company,
Com
14
Iloilo
Change
Canadian Pacific Riway
32
(pob
Reinington Arms Co, Inc. ·
6*
10.08/06
.03 up
Case, J.L
601
Republic Aviation Corp. ...
44
X
M
...... 9.96 N ...... 10.07/08
9.95b/998
9.98 N
.02 up
Celanese
281
Republic Steel
221
10.09/09
10.09/10
.02 up
Chesapeake & Ohio
429
Revere Corp. ...........
11
...... 9.97/97
9.98/08
10.00/00
.03 up
Chrysler Corpn.
771
Reynold Tobac. "B"
324
C 1)
9.76 N
9.75/75
*8.77/78
.01 up
Colombia thay & Học
Safeway Stores
491*
}
9.25/25
9:23/28
9.26/28
.01 up
Commercial Credit Co,
311
Schenley Distillers
103
10.04 N
10.00 N
.02 up
Cam, & Bouthern (Ord.)
+
Sears Roebuck
Consolidated Edison
221
Shell Union Oll
101
Consolidated. Oil
57
Socony-Vacunum OI
BI
December ......
20.49b/48a
20.83b
.08 ap
Continental Can
$71
Southern Pacifc
84
January
March May
*** 20.33b
20.13/18 19.83b
unquoted
20.40 N
.07 up*
Contirental of
191
Southern Rly $5 pfd;
211
20.15b/80m 20,22723 19.98b/20.056 20.00/00
.09 up
Copperweld Steel
10+
Spicer Manufacturing Co
341
H
OT up
Curtiss Wright (C)
#
Standard Brands
81
Curtiss Wright “A”
28.
Stand Gas & Elec....
Decra & Co. ........
201.
Standard Oll of California
174
80/89+ -
891/800
+ up
Distilleza Corpn. Seagrams « 171⁄2
Standard Oll; Gf NJ,
34
871/871
871/88
874/871
nuch
Douglas Algeraft
781
Stane & Webster
77
832/831
- 831/637
83/327
4 off
Du Pont de Nemours
1581
Studebaker Com.
3.
Eagle Pichar Lead
101
"
Swift International
Eaton Mig. Co.
33
-Technicolor
621/628
..613/617.
63163) 82/61
621/621
#off
Sec. Autolite ....
341
Texas Corpa.
383
617-611
unch
Elec. Bond & Share
Texes Gulf Sulphur
July
834/834
81/611 611/014
un ch
Hec. Band & Share 5 pl
571
Timken-Axle
291
?
NEW YORK HIDES December March
Hec. Bond & Share $8 pl.
85
Trans-America "Co.
12.77b 12.41b/438
12.43b/80a 12.77b 12.20b/266 1241b/43a
34-9/4
.32 un 28. Up
Elec. Power & Light 37 pi. Minikote
31
| 20th Cent. FOT.
8
151
Union Bag & Paper Corp.
137
Gen. American Trans.
54
Union Carbide & Carbon
714
Gen. Electric
334
Union Paciic ...
784
Gen. MotorB
497
Gen. Railway Bignal.
151
United Aircraft
421
Gen. Tire & Rubber
131*
Dalted Airlines Trans
151
United Corpn.
1+
aludden Co.
144
Opodrich (BF.) meriter
14
United Corpn. $3 cum pt. · 20
United Gas Corpn...................
15/16
Goodrich $5 DX. ......
United Gas Improvement
10
Goodyear Tire & Co. .....................
171
Great Northern Iron Ore ..
173
U.S., Industrual Alcohol
211
U.S. Rabber
23+
Great Northern Rly, pið,
281
Interest Rates ou Application.
U8. Rubber 38 pfd.
91
Great Western Bugar
Greyhound Corpm.
101
US," Smelting
SAFE DEPOSIT BOXES
U7.8. Steel
881
Hercules Powder Co.
72°
Vanadium
331
134
Homesteke Mining
Vultée Aircraft
87
responsibility is assumed for errors Union Insurance ...... In transmission..
Int Nickel
231
20
Walworth Co.
5+
EX
At
1/3
for
War Loan. 31% (Red,
after 1952)
1022
Defence Loan, 3%
102
Canton-Kloon Rly. 5% chinese 41% Gold Lan
11
Gula Kalimpong Rubber 15/7 Lon., Mid, & Scot,,, Ely. 144. Great Western Rly... 33 National Bank of India 281 B-A. Tob. (bearer)
Inter. Paper & Power
Wamer Bros. Pict.
31
int, Tel, Tel
**
Kennecott Copper
341
Westinghouse. Elec,
103
Woodward Iron Cor.
1898 (Brit. Izauer [Chin. 41% Anglo-French
Loan, 1908 Chinese.5% Crisp Loan.
371
-85/71 Dunlop Rubber.......... .31/9. Bristol Aeropläne
Lakey Foundry & Mac. Libbey-Owens-Ford Glass Lockheed Aircraft
4.
441
Chase National Bank National City Bank
32
281.
301
9/10
40-45'
Imperial Chemical Ind. 28/3 United Steel
DOW- JONES AVERAGE
20/101
Woolworths...
1912 .... Chinese Reorg, Loan.
1913 (Lda. La.)... Chinese 8% Ster. Noter.
192 (Vickers)
19
Mararaan Investments --- Western Holdings
56. 11. 7/0
1940
131,00
30
Jub-Nigel
9 155
27,97
1,050.000
25.45 1803 20
Utilities
1397
thell Trans, &
*Trad
90.90 8208 40
Bonda
90.10
9
(bearer)
82/6
64.07 48.47 P1
Commodity Index 56.53
•-bid.
-ex. div.
Chin. Imperial Rig, 5%
Loart
48
Honan Rly, 5%
14
14
Bogibs
Doingbo
Jadios
Ch
:!!
Henck
Howel
Total sales:-230 tons.
No business was reported, There CHICAGO WHEAT
sellers at 1/3 December.December.......
were
buyers at 1/3.1/32 Cash
V. S. DOLLARS
May
July
حالة
Saturday's sales:-8,678,000 bus
Business was arranged st 23,1/2 | hela;
for December and also for Cash, CHICAGO CORN The market closed with a possible December ..... seller at 23.1/2 for Cash, buyers at May..... 23.9/16 for Cash
SHANGHAI DOLLARS Business was arranged early 1 the morning at 400. The market closed with sellers at 400, buyers at 401
SHANGHAI MARKET Opened with sellers of Sterling
Total sales for the day:-120 NY-Official silver...... unquoted contracts, NY-London Cross Rate 4,04
at 3.47/64 for Spot. The highest LONDON STOCK
rate touched was 3.49/84, Towards the close sellers were quoted at 3.3/4 for Spot. U. &. Dollars sel- lers for Spot were' quoted at the opening at 5.27/32. The highest Last rate touched was 5.29/32. advices indicated sellers at 5.7/8
for Spot.
AFTERNOON MARKET
EXCHANGE
(REUTER'S SERVICE)
London, Dec. 2.
The following quotations are the
middle prices at the close of the market in London. All quotations
4.03-1/2
LONDON METALS
EXCHANGE
London, Dec. 2 (Reuter). Tin, Standard, Cash, Middle Price,· £257-7/8.
Tin, Standard, 3 months, Middle Price, £281-1/8.
Market barely steady.
The market was quiet in there subject to confirmation and"no 3′′hai Waterworks "A"...
afternoon.
STERLING
wete
There
sellers December buyers at 1/3.1/32 Clash,
U. 8. DOLLARS There were sellers at 23.1/2 for Cash, buyers at 23.9/16 for Cash
SHANGHAI DOLLARS Business was arranged at various The market closed with rates. sellors at 897 for Spot,
SHANGHAI MARKET Sterling at 3.49/64 and U. & Dollars at 5.29/32, both sellers. for Spot.
Shanghai Exchange
Shanghai, Dec. 3 (Reuter). Omclal T.T. Rutes"
Longvii
New York
Japin
This
Hongkong
Opening 0/3-11/10
6-3/4 24-3/8 -20-3/8 N 24-1/2
Reffers
SterLux
Opening Closing 0/3-47/640/3,49/64 0/3-23/32 0/3-49/64 0/3-45/64 0/3-3/4
Spot Déc
Jan:
1.8. Dollars
Bpot
85-27/32
$5-29/32
Dec.
Jan.
5-25/32
6-29/32 5-7/8
Bliver Duty Rate
5-13/16
Market:-Quiet but steady.
The Central Bank of China's rate on London at 10 am, today was 1/2-1/24.
The Equalisation rate was 207 per cent.
Calcon Exchange
Calcutta, Dec. 2 (Reader). T1, on Japan. 81-1/4"
| Hukuang Riy.... 5%, 1911..
(LP. N/Y Issue)
Hukuang Rly. 6%. 1911
German Issues Lung Talng & D
Ry. 5% 1913
Kai
S'hai-N'King Rig, 5%... Tientsin-Pfkow` Ply, 6*%*
(Brit. Stpd.) ·
14
12
Tlentain-Pukow Bly, 5%
(German 8tpd.). Tientsin-Pukow Rly. 5%
(Ert, Shpa. Bupl Loạn) i Flentsin-Pukow Rly, 5%
Ger. Stpd, Búpl, Loan).......12
ཤཱ བར སྐ ཐ སླ ྂae ༔ ཡྻ
Jap. 6% Ster. Loan. 1924 30 Ger, 7% Intl. Loan, 1924. 54 Chartered Bank
HK. & Chat Banh (Lan
Reg.
HK. & Shal Bank "(Col.
Beg)
Chinese Eng. & Mining
(bearerinden
Chosen Corporation... Mercantile Bank of In-
dia, 25, "n
Pekin Syndicate...
73
16/3
4/-
108
2/-
|S'hal Elec. Conṛtr. Co. ... 187/-
#
The Business of the above Bank in conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAL BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 48th Feb., 1930.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRA¡
HEAD OFFICE:
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital 5,598,000,00 Beserve and Undivided
Ports
..2,083,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
SI
BRONSON Oxow, Chairman
Li Koon Chun, Baqa Li Lan Bang, Eag P. E. Krok. Eaq, Wang Cat Bon, Esq. Wong Jun Tong, Baq. Pong Ping Wah Esq, Chan Ching Shuk, Esq.
2018, PINE STREET, KAN TONG PO, Esq., Chief Manager
NEW YORKLI Tax Fond, Esq, Manager
An American BankTM offering com- plete Foreign Banking Service in the principal Markets of the world.
Branches and Agencies:
Amoy
Majapors
Babaria
Bombay
Lootou Ва Manda
Bourabaya Bwebow
Mabons Fran- dydney
Salpaug
Hadkow
Houskalo.
Pulping
olang ingka
grave Barnag Shangha
High Low Dow Jones Averages. Nov. 30, 182.80 111.84 30 Industrials
3367 22.13.20° Rails
Dec. 3, 1940.
High Low Close Change 13798. 130.54 130.83 – 07 off 28.30 27.95 28.03.06 up 2034 19.91 20.11 14 up”.
90.14 .04 up -69.81
,08 mp Busines Done-480,000 pliazes
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG And CALCUTTA
SANDAKAN
HAI HONG
All steamers borth alongwile
the Roosevelt Terminal in
the French Concession at
Shanghai, where passengers
and cargo are landed.
For further particulara
please apply to-
JARDINE MATHESON& Co.L TELEPHONE SONI GENERAL MANAGERS
This Bank is entirely owned by T. Our ERINA BI New Yoxx, with Beogrow of oral U.S.$2,000,000,000.
..
Every description of Banking and Exchange business transacted. Loade granted on approvat secarities, D. M. BIGGAR, '-
Current Accounts spened in Local Second Vice Press Currency and Fixed Deposita · re- ceived for G08 Junt" of shorter perioda in Local and Foreign Car- rencies on terms which will be
SATE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
THE MER BANK qooted on application,
OF INDIA, LIMITED
Head Omde-15, Gragachurch #érant, London, Da
Authorised Capital ..
Habscribed Capital
Paid-up Capital
Lasers sulod kod Klint,” ́
·BANKERS:
"£3,000,000
The Bank of England aňu midlana
Bank Ltd, BRANCHES:
Quila Trengga
dussporá
HONG KONG ERANOME
"Every' discription of Banking and Exchange (bakiem tragalated...a
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
QUEBENT ACCOUNTS
· BANK OF CHINA
· Specially Chartered' by · THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
*BANK
FAID-UP CAPITAT $40,000 ado,00
(BRANCHEs her Ovar OziNA) B (Owing to our nutnešóns Bräzches China and connections: "fr": the principal Commercial; Contime of
¡
TRY M FAKED DEPOSTI, Lol Cut: the World, we are able to extand Crown CERGING: pa kama The may be to our Clients special facilitine for Domestic and Foreign Banking und
scertai+d'ou sit Hontics,
"O. BENSO
What do
you want?
If there is anything" you want to buy "or sell try a small Classified advertise- ment in the Hong- kong Dally Press.
25 words $1.50 prepaid for 3 insertions.
Exchange.
Head Office:- SHANGHAI
Hong Kong Branch:
*4, QUEEN'S ROAD, C.
South Olina Oficer – OANTON
KONGHUAN SWATOW
TOISHAN,
SHIUOHGWKINGCHOW
We also handle the issue of Bondə and other Public Funds of the Chidees Government hoth at Rome and Abroad.
SHOU J, CHEN,