#
PAGE 10-HONGKONG, DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
DECEMBER 10, 1940.
On 'London:~~~..
Telegraphic Transfer, 1/7/4 Bank Bills, on demand 1/5 7/8 Crédita 4 months' sight
380
On demand munini 42 3/4
COMMODITY
MARKET REVIEW (FROM PAYNE & CO.)
NEW YORK, Dec. 9, 1940.
SINGAPORE . RUBBER-
SPOT JAN-MARCE APRIL-JUNE
The market was steady, LONDON RUBBER
3 POT
On Shanghai:---
On demand...
On Singapore:--
On Japan:-
On demand"
101
On India:-
JULY-SEPT.
and demand:89 1/3
Market idle and featureless.
On Paris:
On demand
One Manila:--.
Transfer.
On demand
On Bangkok:-
On demand.
On Sterling Notes:-
Bank Baying Rate
Bar Silver per oz
43 3/4
101.1/2
46 3/4
7
147
Nom.
:28 7/8
JANUARY
FEBRUARY APRIL-JUNE
Previous: Dec. 8
Close Opening Closing buyers buyers 38-5/8 38-3/4 38-7/8 37-7/8 38
38-1/8 34-5/8 36-3/4 36-7/8
Change
up 1/4 up 1/4 up 174
Previous close Today's close
(REUTER'S SERVICE)
Telegraphic
On New York:-
Bank Bills, on demand 23 3/8 Credlis, 60 days' sight 24 1/8
On Batavia:--
On demand
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
On Saigon:-
Markel Report
FRUM RÓZA BROS.
Tuesday, Dec. 10.
NEW YORK COTTON: The Government
12,686,000 bales, compared with the previous estimate of 12,647,000 bales.
NEW YORK BUBBER: There was some factory interest CHICAGO WHEAT: The market was quiet with sentiment drifting
on lack of new incentive. Trading was practically without fea-' ture.
NEW YORK STOCKS: Previous close, 131,29; Today's close, 131.48:
Change, up 17.
· NEW YORK COMMODITY MARKET
New York Cotton, March New York Rubber, March Chicago Wheat, May ..... Chicago Com, May New York Hides.-March
NEW YORK COTTON
Silver prices dropped yesterday Dec. (New contract) ... to the extent of 1/8 for Ready January { and 3/16 for Forward, the quota March
Hons being 22.7/8
and 22.13/16 May respectively. Silver advices report- July
Prev. Today's-
High Low Close Close Change. 10.27 10.21 10.23 10.22 .01 of 20.60 20.57 20.45b 20.45b .10 up
861 844 861 59 12.82
ed India and Speculators as havOctober ing sold to a small extent. The market was steady but quiet." Total sales Saturday:-61,200 bales. *-possible mutilation American Silver was quoted at 34. NEW YORK RUBBER
3/4 for Spot.
The London-New
January ...il................ 20.70b York cross-March rate was quoted at 402-1/2. New York-London was quoted at 403. 1/2.
May
י.
Spot
Saturday's sales:-10,797,000 bushels.
12.45/45
Do 1
NEW YORK STOCK EXCHANGE ·
STOCKS
Adams Express
01 on
Case, vent
Celanese
QUOTATION
(REUTER'S SERVICE)
DECEMBER 10, 1940.
Bears Roebuck
Shell Union Öll ......
WEDNESDAY, December 11, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING .CORPORATION
Authorised Capital................. 250,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1350
Reserve Funds:
Paid-Up Capital £6,500,000 Reservs Fund
Sterling
H.K. Currency Reserve $10,000,000 Reserve Lisbility of Pro- Reserve Liability -of
Board of Directors: Hon. Mr. J. J. Paterson,
C. C. Roberts, Esq.
Chairman.
Deputy Chairman.
J. K. Bousfield, Esq., A. E. Compton, Esq., LJ. Darien, Esq.,
Boo Mr. 8. H. Dodwell,
G. Miskin, Esq..
E. 8. Morrison, Esq.,"
Hoa. Mr. T. E. Pearce,
Hon. Mr. A. L Shield,
Siz Vaudeleur M. Grayburn,
Chief Manager.
.£3,000,000 £3,000,000
Th
£3,000,000. HEAD OFFICE: LONDON: 38, Bishopagate E.0.5. Bub-Agencies In London:
117/192, Leadenhall Street, E.GA West End Branch: 14/16, Obokspúr Street, S.W 1 Manchester Branch:
19, Moaley Street, Manchester, 1. AGENCIES AND BRANCHES
ALOR STAR АМЛІТНАЯ BANGKOK
BATAVIA BOMULLY"
CALOUTTA
HARRIN HONG KONG ILOILO IPOR
KARACHI KLANÓ
AGENCIES: KOS DAYE STREET KUALA
FAJELE PLACE
CANTON
CAWNFORE
C30
BANKOW Lumpur
Penang
CURRENT ACCOUNTS opened in LUDAL CURRENCY and Fixed Deposits received for one year or shorter periods in Local and other Car rencies on terms which will be quoted on application.”
ALSO up to date 8A7 Droste Boxes in various sizes To Lar Hong Kong, 30th November, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG
BHANGHAI BANKING COR PORATION Rules may be obtain- ad an application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong 25th Feb., 1939.
LUMPUR
ΕΤΟΞΙΝΩ
MADRAS MANIKA
MEDAN
NEW YORK PRIPING
(Peking)
FINANG
MANGGOR SAIGON BEREMBAN
SHANDHA
AINGAPORE
· SITIAWAN
JOURARAZA TAIPING TIENTBIN TONGIAN
(Bhuket)
YINGTAČ TOKOHAMA
FORION EXCHANGETM and Genersi Banking Business transacted..
CURRENT A0000's opened and FIXED DEPOaits received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
4
BAVINGS ACCOUNTA also opened in Local "Currency and Sterling with | interest allowed at ratse obtainable
on application.
The Bank's Head Office in London undertakes Executor and Trust business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at sny of the Agencies and Branche.
R. A. CAMIDGE,
Manager.
BANK OF EAST ASIA, LIMITED
Authorized Capital.....10,000,000,00 Faid-Up Capital........ £,588,600.0F Reserve and Undivided
Porfits
..2,983,281.50
Head Office:-HONG, KONG No. 10 Des Voeux Road, Centrál --
Board of Directors:
BIR SHOPSON Cnow, Chairman
Proprietors .......................$90,000,000 |
prietors ge
Last Sale
" STOCKS
Last Sale
Dec. 9
Dec. 9.
Head Office:-HONG KONG
1
6.
Loew's Inc.
301
buyers
buyers.
11-7/8.
11-7/8
Change unch.
Alleghany Steel Co.
24
Loft Incorperated
"194
12-1/10-
12
of 1/16
Allis Chalmera m
344
Mack Truck Inc.
281
Aluminium Lt
71
12-3/16
12-3/16
unch..
| Martin, Glen L.
3281
13-1/4
Amer. Can.......
BS *
12-1/4
McKesson & Robbins, pfd. · 231
12-1/8
12-1/8
American Cyangmid B.
WD
Montgomery Ward
371
...
Amer. & Foreign Power
1-
Mtain City.Copper Co.
Bh
Amer& Foreign 37 pf.
141
National Aviation
104
estimates
the crop
at
Amer. Locomotive
18
|Nat. Dairy Products
13
Amer. Metals Co..
191
National Distillers ....
231
Amer. Radiator
02
|National Lead.
17
Amer. Rolling Mil
151
Nat. Fower & Light
7
Amer. Sting and Ring Co.
45
National Supply Corp. 1
Amer, Sugar Redning
134
New York Central'
14
Amer. Tel, & Tel
1701
Niagara Hudson Power ...
31
Amer. Tobacco "B" Amer, Waterworks Anaconda Copper
69+
N. American Aviation
17t
North American. Co.
101
274
Branches:
Northern Pacific
BL
Atchison, T." 9, Fe.
182
Owens-linols Glass' Co.
451
Amoy
Aviation Corp.
41
Pacific Gas & Elec
2T
Bangkok
Johore Rangoon Kobe
COLOMBO
Baldwin Lecometive
161
Packard Motors
3+
Batavia
Kowloon
Suizoo San
DELHI
HAIPHONG
Baltimore & Ohio
31
Pan-American Always
16
Bombay
Kuala
Francisco HAMBURG
Barber Asphalt Co. .........
101
Calcutta
Paramount Pictures
101
Shangbai
Canton
London
Singapore
Barnadall Ol
Pennsylvanis R.R.
22+
Chefoo
Lyons
Sonrabaya
Benalx Aviation
33+
Philadelphia, Read, Coal
+
Colombo
Malacca
Sungei
"Bethlehem Steel
87)
Philips Petroleum
404
Dairen
Manila
Patani
86
Bliss 3 Co.
151
Public Service of N.J.
287
Foochow Muar
Swatow
60
12.75
608 60 12.64b 12.64b
unch.
Boeing Abplane Do,
181
Pullman Inc.............................................
261
Haiphong
(Johore)
Tientsin
unch
Borg-Warner
201
Pure Of ...
B
Baskow
Mukden
Close
Opening
Briggs Miz
251
Radio Corpn. of Am. ...
57
Harbin
New York
"Closing
Change
Budd Meoturing Corp.
51.
Iloilo -
Reading Company,
Com
194
Peiping
Tokyo
Tsingtao, Yokohama
10.18/18
10.19/19
- 10.18/18
→
unch.
Canadian Pacific R'way
37
Ipob
Remington Arms Co., Inc.
a.
}
.......10.11 N
10.10/10
10.11 N
unch.
*821*
Republic Aviation Corp.
44
*10.23/23
10.23/23
10.22/23
281
Republic Steel
{
.....10.17/17 *.
10:17/17
10.14/15
.03 off
Chesapeake & Ohio
432
Revere Corp.
22)† 114.
{
"
{ "..)...... 9.40 N
10.18 N
9.94/94 ⚫. 9.97/97 0.42/24
9.97/97
.03 up
Chrysler Corpn.
764
9.39/39
10.180
.01. of unch.
Columbia Gas & Elec.
41 #
Reynold Tabac. "B"
39
Safeway Stores
421
Commercial Credit Co.
304
Schenley Distillers
10
Com, & Southern (Ord.) ...
77
Consolidated Edison ..............
214
101
Consolidated Of
52
MARKET
20.45b/52a 20,25b/30a July (New contract)... 20.05b/158
Total sales;-220 tons. CHICAGO WHEAT
unquoted 20.75 N 20.49b/60a 20.556 20.296/39 20.35/35 20.05b/208 20.158
.05 up
Socony-Vacunum Oll
10 up
Continental Can
281
Southern Pacific
Я
Continental Onl
193
10 up
Bouthern, Rly $5 pfd.......
211
.10 up
"Copperweld steel
187
Spicer Manufacturing Co.
35
Curtise Wright (C.)
9
Standard Brands
01
Curtiss Wright “A”
281
Stand Gas & Elec...
1
Deere & Co. .....
201
Stagnant.
Standard Oil of California 17
STERLING
May
There were sellers at 1/3 Decem- ber, buyers at 1/3.-1/32 for Cash.
July
801/881 82/82
861/80 82/817
881/84 :81/811
+ of
Distillers Corpn. Seagrams
18
Standard Of of NJ.
93
Douglas Aircraft
19
Stone & Webster ......
Du Pont de Nemours
163
Studebaker Com,
| CHICAGO CORN
Eagle Picher Lead
101
Swift” International long
174
U. S. DOLLARS
Eaton Mig. Co.
334
A transaction was reported st 23.11/18 for near. The market
May
60/60
July
601/601
591/60
801/601
60a
601b
unch
Technicolor
Elec. Autolite...
3511
urch.
| Texas Corpn.....
.38
Elec Bond & Share.
+
closed at i p.m. with sellers at 23. NEW YORK HIDES
Texes Gulf Bulphur ..
351
Elec, Bond & Bhare. $5 pt.
581
Timken-Axle
281
12.75/78 12.43b/55a
12.64b
unch.
Elec Band & Share $6 pf.
65+
Frans-America Co.
4
12.45b
unch.
Elec. Power & Light 37 pt. Filntkote
31+
i!
20th Cent. FOR ....
161
J
Gen. American Trans, ................
654
Union Bag & Paper Corp.
13
Union Carbide & Carbon
714
Cen. Electric
334
Union Pacific
781
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
'Gen Motors
497
Gen. Railway Signal
15ht
United Aircraft .............
43
United Airlines Trans .....
161
Gen: Tire & Rubber Glidden Co.
12}
United Corpa,
11
14
United Corpn. $3 cum pf.
277
13
United Gas Corpn.
Goodrich $5 p£..... Goodyear Tire & Cq,
621
181
United Gas Improvement 97
U.S., Industrual Alcohol
22
Great Northern Iron Ore .. Great Northern Rly, pfd.
151
US. Rubber.
234
261
U.S. Rubber $8 pid.
88+
Great Western Bugar
204
Greyhound Corpn.
111
US. Smelting
882
U.S. Steel
091
Hercules. Powder, Co,
71
Vanadium
34
Homestake Mining
811
Vultee Aircraft
8ཏྠཱ"
Union Insurancë
20
Int Nickel
244
Walworth Co,
52
£...
War Loan, 31% (Red.
after 1952)¶
Defence Loan, 3%. Canton-K'loon "Rig. 5% Chinese 41% Gold Lean » 1399 (Brit. Issue)...... Chin, 41% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan
102 1011
12
384
Gula Kalumpang -Rubber, 14/4) Lon., Mid, & Scot Rly. 14 Great Western Rly...... 334 National Bank of India 201 B.-A. Tot (bearer)... 83/11 Dunlop Rubber ............. .31/3 Bristol Aeroplane... Imperial Chemical Ind.
Inter. Paper & Power Int, Tel. & Tel,
187
Warner Bros. Pict.
3
14.
Westinghouse Elec.
1037
Kennecott Copper
35
Woodward Iron Cor.
321
Lakey Foundry & Mac. Libbey-Owens-Ford Glass Lockheed Aircraft
31
443"
301
Chase National Bank National City Bank
324*
274*
9/10
28/-
*****..... 41-48
United Stee:
21/3
DOW JONES AVERAGE
Woolworths no
$1/10
1940
Dec, 10, 1940.
Opening 0/3-11/16
5-3/4
24-3/8
Honan Rly. 5%
20-3/8 N
24-1/2.
བྷསྶཎྜ དེ་ྲ ཙ ཝེ ༄ག8 ཝ ན ཚ ཚར བ ག ཆས ཆ #g
Marsman Investments
7/8
High Low Dow Jones Averages,
Deo. 7,
Western Holdings
9/8
13260 11184 30
13.29
132.22 130.81 131.46
.17.up
Hadwar bed Capital
Sub-Nigel
180
3167
$2.15:30 Bails
$7.80
··27.35 27,60, 27.831.02 up
Paid-up Capital
20.45 18.03 20
20.14
20.28 20.05. 20.10
,04 off
Reserve. Fend and, Bart,
Shell Trans. & Trade
(bearer).
.33/9
90.90 83.06 40 84.07 48.47 11
20.32
58.47 Commodity Indexį
-bid.
4 -ex, divi
fr
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers-
BWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN --
KOBE and OSAKA
SINGAPORE PENANG and CALCU
SANDAKAN
HAIPHONG
All steamers borth alongside
the Roosevelt Terminal in
the French Concession ai- Shanghai, where passengers and cargo are landed
For further particulars
please apply to
JARDINE MAT HESON&Co.,LTD. TELEPHONES SOZIL
GENERAL MANAGERS
BANKERS:
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok
Ipoh.
Bombay
Valentía
Colombo
Hota Bharu..
Delbi
Chille
Hoogkoop Howrah
Kuantan Candy Karachi NG
Kaxis Livin
Kuala Trenggon Matran New York
Pensor Bangoon
-Shanghai
Simb
Kuala Lumpur." Singapore
HONG KONG ERANOR: "Every sinscription of Banking sand. Exežaugs bualnode, transactod. "
TRUSTEE AND EXECUTORSHIP
MEREUNDERTAKEN
GURLENT ACCOULTE posted in Leoni Cur- rency and FIXED DEPOSIis encalfed in Local Carreos BRBLIK on terms that may be scertained on application.j
O. BENSON;
What do
you want ?
If there is anything Tou want to buy or sell, try a small Classified advertise- mnt in the Hung
kong Daily Press,
25 words $1.50 prepaid. for insertions.
BANK OF CHINA"
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN `INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000,00
.........(BEANCHES Azz Üvez CamA)
Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend 0 our Clients special facilities for Domestic and Foreign Banking and
Exchange.
"Head"" Office: SHANGHAI
Hong Kong Branch? -4,-QUEEN'S BOAD, C.- South China Officent
CANTON BWATOW
-KONGMOON
TOISHAN SHIUCHOWE / KINGCHOW
We also handle the issue of Bonds |and "other" "Public Funda of the Chinese Government both at Home und Abroad,
SHOU. J CHEN,
Manager.
90.29 .07 up 56.70 29 m. Business Done:—$30,000 shares
The market closed with
U. S. DOLLARS
....
5/8 Cash, and 23.11/16 end of March.................................... 12.64b January, buyers at 23.3/4 for Cash. June
SHANGHAI DOLLARS Sellers at 397, buyers at 397.1/2.
SHANGHAI MARKET Sterling at 3.49/64 and U. S. Dollars at 5.15/18, both sellers' for Spot..
AFTERNOON MARKET Quiet. No, business was reported.
STERLING
sellera
at 1/3 December/January, buy ers at 1/3.1/32 for Cash.
Total sales for the day:-23 contracts. NY. Official Silver ...... ungoted NY-London Cross Rate 4,03-1/2
LONDON STOCK EXCHANGE
́(REUTER'S SERVICE)
London, Dec. 9. The following quotations are the middle prices at the close of the market in London." All quotations are subject to confirmation and no
Sellers at 23.5/8 Cash and 23.11/responsibility is assumed for errors 16 end of January, buyers. at 23. in transmission. • 3/4 for Cash.
SHANGHAI DOLLARS Sellers at 308, buyers at 309 för Cash,
SHANGHAI MARKET Sterling at 3.49/64 and US. Dollars at 5.15/18, both sellers" for Spot.
Shanghai Exchange
Shanghai, Dec. 10 (Reuter).
Oficial T.T. Kates
Londun
New York
Japan
India
Hongkong
Silver Duty Rate
Sterling
... Beilera
Opening Closing
@pot ... 0/3-49/640/3-49/64 Dec. ****** 073-49/64 073-48/04
0/3-3/4 0/3-9/4.
Jan.
(11.8. -Dollars „
35-15/16
5-15/16 5-15/15
Spot
Dec
Jan. 5-16/16
Market:-Dull,
35-15/16-
5-15/18.
1912
Chinese 5% Reorg, Loan.
1913 (Lan. Is.7
inese 8% Ster. Notes,
1925 (Vickers)
Chum Imperial Rly. 5%
Loan
Kukuang Rly 5%, 1911...
(LP. N/Y Issue)......
Hukuang Riy, 6%, 1911
German Issue)
Lung Taing &
R75% 1013
Hai
6'hal-N’King Rly, 8% ... 15
Tentain-Pukow Rly. 5%
(Brit. Stpd.)
Tientsin-Pukow Rly: 5%;
(German Stpd.) Tientsin-Puków Rly. 5%
Brit, Stød, Supl, Loan) 15 Tientsin-Puków. Rly., 5%
Ger.8tpd. Supl Loan). 16
Jap. 6% Ster. Loan. 1924 30
"The Central Bank of China's Ger, 1% Intl. Loan, 1924: 51
Tate on London at 10 am today was 1/2-1/24
The Equalisation rate was 213
per cent,
Calcatta Exchang
Calcutta, Dec. B (Renter).
TT, on Japan. 81-1/4.
LONDON GOLD
London, Dec. 9 (Reuter), Bar Gold, Fine per os, 1881-
Chartered Bank
1.K. S'hai Bank (Län
Reg.)
K&Bhai Bank (Col: Peg)
Chinese Eng. & Mining
b. (bearet) Do
Chosen Corporation
Mercantile Bank of In-
18/3
dia, £5," "G", 101
Pekin Syndicate S'hat Elec. Conftr. Co. S'hal Waterworks "A"
34-3/4 4.09-1/2
LONDON METALS
EXCHANGE
London, Dec. 9 (Reuter). Tin, Standard, Cash, Middle
Į Price, £257.
Tin, Standard, 3 months, Midle Price, £258-7/8,
Market steady, "
TO
Goodrich (B.F.)
Industrials
Utilities Bonds
High Low Close Change
HEAD OFFICE:
18, PINE STEKET,
NEW YORK
An American Bank offering com- plete Foreign Banking Service in the principal Marketa of the world. Interest Rates on
Application
SAFE DEPOSIT BOXES
נו
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources of over U.S.82,900,000,000.
Li Koon Chan, Eng
P. K. Kwok, Esq. Wong Tan Tong, Esq. Chan Ching ShoE, Esq.
Ei Lan Sang, Esq. Wong Chu Son,
Pong Ping Wah Esq.
KAY TONG Po, Esq., Chief Manager Li Tas Fona, Esa., Manager
Branches and Agencies:
24.
¿.m.oy
Avion Pasang.
singspars
London Bagnon
Bourblys
Bombay
Manila 12 Garon
Burstow
Dalcatia
Melbourne San Fran Bydany -
Estphong
Hanhow
Honolulu.
Nagnaska New York Beattie Paris
sisco
autais
Conver
Kobe
Piping
Berasrotg Sangha
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts ained in Losal D. M. BIGGAR,
Currency and Fiad Deposits re- Second Vice Preceived for one year or shorter
- periods in Local and Foreign Cur---
rencies on terms which will be quoted on application.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Ofco-15, Gracechurch Street, London, E3
Authorized Capital
£5,000,000
21,800,000
£2,050,000
€1,224,039
BATE LEPOSIT Boxes To Lir:
KAN TONG PO.
Chief Manager.