38-1/8
37-7/8
APRIL-JUNE.
36-1/2
Dec. 18 Previous
Close Opening Closing duyers buyers
$8-1/8 38-1/8- 37-7/8 37-7/8 -36-1/2
Change
unch.
36-1/2
STOCKS
The market was quiet. LONDON RUBBER
3 PC T
Previous close Today's close
buyers
buyers 11-15/18
Adama Express
Change
(Alleghany: Steel Cama: 201
Allis Chalmers
12
Aluminium Ltd.
59 3/4
FEBRUARY.
APRIL-JUNE
11 JULY-SEPT.
12-1/8 12-1/4 12-3/16
Unreceived
·Amer. Qan me
American Cyanamid - B..
Amer. & Foreign Power
Amer& Foreign 7 pt.
Amer. Locomotive
Amer. Metals Co.
Amer. Radiator
Amer. Rolling Mill..................
Amer. S'ting, and R'ing Co.
Amer, Sugar Renning
Amer. Tel, & Tel .............
amer. Tobacco “B”
Amer. Waterworks
1
Anaconda Copper
On Saigon:-
(REUTER'S SERVICEY
Atchison, T. &B, F.
11
On demand
***** 101 1/2
On Manila:-
On demand
On Bangkok-
On demand
46 3/4
149
Bank Buying Rate
Now
New York Cotton, March New York Rubber; March -.............. Chicago Wheat, May APTINK Chicago Corn, May New York Eldes, March
Prev. Today's. High Low Close Close Change 10.22 10.13 10.16 10.14 ".02 off 20.25 20.20 20.25 20.23
02 off B41 $37 *84 *84
60 601
594 12.77
12.65 12.55
Aviation" Corp.
Baldwin Lecametive
Baltimore & Ohio
Barber Asphalt Co.
unch
Barnsdall, O
B01
Bendix Aviation
12.55
.10 off
Bethlehem Steel
Bar Silver per oz.
"23 16/16
NEW YORK COTTON
Close
January
10.04 N
March
10,18/18
Opening 10.08/06 #10.19/19
Cloning
10.01
Change
Bliss & Co.
Boeing Airplane Co.
.03 Of
10.14/14
-.02 of
Borg-Warner,
May
10.09/00
10.13/13
10.07/07
.02 of
Briggs Mfg.
Budd Mfacturing Corp.
July
9.89/89
9.93/93
9.85/80
Canadian Pacifc R'way
October
-9.32 N
9,36/36
9.31/32
01 off
9.28 N
9.31b/33a
9270
101 bu
Case, JI
10.16 N
10:14 N
02. off
Chesapeake & Ohio
·Columbla Gas & Mec.
20.41b/458 20.40b/48 20:25b
20.40b 20.20b/27a 20/230
.01 off
Commercial Credit Co.
12 off
Com, & Southern "(Ord.)
*20.00b/.25% 20.00% 10.70b/902 19.84b
unch
Consolidated, Edison .........
unch
Consolidated" Of
Continental Can
Total sales:-800 tons,
JHICAGO WHEAT
Continental Of
Copperweld Steel
14/84
841/841
108/18-
unch.
Curtiss Wright (C)
791/79
791/791
791/791
+ Yup
Curtiss Wright "A
Deere & Co.
Tuesday's sales:-10,099,000 bushels. CHICAGO CORN
Distillers Corpn. Beagrams 18
Douglas Aircraft
May
July
592/591 691/591
80/601 80/60
801/601 60/601
1 up
'Du Pont de Nemours .......
Exel Picher Leed., 10.
Eaton MTg. 00, 11-
NEW YORK HIDES March' June
Elec. Autolite
12.85/65 12:43
12.65b/73a. 12.55/55 12.50b/54a 12.35b
.10 off
Elec Bond & Share
.08 or
Elec. Bond & Share $5 pt.
Elec, Bond & Share $6 pt.
34-3/4 4.03-1/2
Elec. Power & Light $7 p.
Fintkoter
Gen. American ́Arans.
Gen. Electric
Gen Motors
Gen. Railway Signal
Gen. Tire & Rabber
Glidden Co. ....
Goodrich (BF.)
Goodrich 35 pf.
Quiet,
Goodyear Tire & Co.
Great Northern Iron Ore
STERLING
Great Northern Kly, pfd.
Great Western Sugar
Greyhound Corpn.
Hercules Powder Co.
Homestake Mining
Int Nickel.....
Inter. Paper & Power
Int. Tel. & Tel,
Kenrecott Copper
Lakey Foundry & Mac. Libbey-Owens-Ford Class Lockheed Airëraft
*1840
High sow Dow Jones Averages 18230 lái84:30. Inthiatrials
3267 22.15 20 Baile 20.45 118.03.20 Utilities 91,01 83.06 40 Bonda 64.07 48.47 T1
Market Repon
FROM ROZA BROS.
Thursday, Dec. 19.
Silver prices were not quoted December
this morning. was quoted at 34.3/4 for Spot.
Total sales Tuesday:-82,100 bales:
The London/New York crossNEW YORK RUBBER rate was quoted at 4021/2. New York/London was quoted at 403.- 1/2
Quiet,
STERLING
... 20.00/00 July (New contract) ... 19:64b
There were sellers at 1/3 De-May cember/January, buyers at 1/3-July 1/32 for Cash.
V. S. DOLLARS
Sellers at 23.11/16 for Cash, buyers at 23.3/4 for Cash
SHANGHAI DOLLARS Opened with sellers at 406.1/2. Business was arranged at various rates. At the close sellers were quoted at 409.1/4 for Spot.
SHANGHAI MARKET Sterling opened with sellers at 3.21/32 for Spot and closed easter with sellers at 341/04 for Spot.
Total sales for the day:-82 contracts.
34-3/4 N.Y. Official Silver NY-London Cross Rate 403-1/2
U.. S. Dollars opened with sellers TIENTSIN TAXES
at 6.25/32 and closed at Noon
with sellers, at 5.3/4 for Cash,
AFTERNOON MARKET :
TO BE RAISED
HL.K. STOCK EXCHANGE
Only small parcels of shares changed bands as the firmness of
Proposals Tabled At the market continues, buyers pre-
There were sellers at 143 De- Meeting Of-Council
cember/January, buyers at 1/3- 1/32 for Cash.
-U. 8. "DOLLARS
(Reuter) «TIENTSIN, "Dec. 19 Embarking on the new year with » overdrafts totalling large sunts Bome business was done in the and fared with increased staff afternoon at 33.31/16 for Cash-salaries and higher costs of coal The market closed with seller's at and all imported materials. tha 23.11/16, buyers at 23.34 for Cash. British Municipal Council is cast- SHANGHAI DOLLARS jing about for ways and means to
|boost the revenue. Yesterday at meeting of electors, the Chairman [of the Council Mr. James Turner, tabled five resolutions designed to yield $17,000;
Opened with sellers at 408.1/2 for Spot and at the close sellers were quoted at-4102/2.
SHANGHAI MARKET Easy. Opened with sellers of last 3.41/04 and Sterling at
20
extraordinary
61) Increases in existing land,
rate indicated sellers at 3.39/64 taxes, water and electricity-rates;
for spot. U. B. Dollars opened
(2) Introduction of an enter- with sellers for Spot at 5.3/4. tainment tax; Last advices indicated sellers at 5.23/32 for Spot.
(3) Police tax of 8 per cent. assessed in the rental value of all occupted pretiines;
(4) Revision of the method of
Shanghai Exchange collecting land and rental assess
Bhanghai, Dec 19 (Reuter).
Oficin? TT Rates
London
New York
Japan
India
Paris Hongkong
Sterling
Opening >0/3-5/8 5-11/16 24-1/8 20 nominal
Bellers
"Opening Closing 0/1/21/32 03–30/84. 0/3-21/32 0/3-39/64. 10/3-41/64.10/319/32
Spot
Dec.
Jan.
U.8.--Dollars
Bpot
Dec
Jan.
$5-25/32
6-3/4
$5-23/32 525/325-23/32 5-11/16
Market-Easy
Silver Duty Rate
ment taxes;
(5) Collection of all accounts Mn local dollars at the highest value when payment is tendered. All five resolutions were passed.
LONDON STOCK EXCHANGE
LONDON, Dec. 19 (Reuter)
dominating.
BUYERS
Canton Ins., $190.
Union Ins.. $397,50.
Wharves, $92.
Docks (0), $18.20.
Docks (N), $17.60. Providents, $5.60 Hotels, $3.50, Trams, $17.65.- Star Ferries, $81.`` Lights (0), C.D. $7:45. Lights (N), C.D. $1.15.
Ropes, $7.05. .. Dairy Farma, $19.15.
Watsons $10.50. Entertainments, '$7. -Constructions (0), $1.60.
SELLERS Lights (0), C.D. $7.50 _Electrics (0), ̧ ̄ ̄$40.50.
Telephones (N), $1.50 Vibro Piling, $1.70,
· BALES H.K. Banks, $1970. Union Ina $3977/400, Docks (0), $18.25/60. Docks (N), $17.75. Providents, $5.85, Lights (0), CD. $7.50, Lights (N), CD. $7.15., Telephones (0), $23.75, HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Thursday, Dec. 19, 1910. SALES
In the Stock Exchange" yesterday Oll shares (continued to attract Interest, the outstanding feature being the rise of Anglo-Egyptians from 147%, Bd. :to: 528, 5d. on good buying orders. The markets other Chlup Lights (0) wise experienced a quiet day and China Lights (N) prices aften drifted lower for Cements"
want of fresh support.
་་
Industrials were irregular and HX. Docks (0) Foreign Bonds were neglected but
the previous levels were well HK, Docks (N) maintained. Tudiah Loang har HK. Hotels
100 $7,50 3007.20 1,000-18.40
300 18.45
Dec. 19, 1940. Doc. 17, High Low Close 330.63
130.99 120.31' 120,49 21.48. ·27.55 27.34 27.25 10.87 19.89 19.85 19.68
Change
1.1 off ..:28-off .13 off
Head Ofce:-HONG KONG No. 19 Des Voeux Road, Central.
Board of Director.»
SIE SHOCIBON CHOW, Chairman
13, QUEEN'S ROAD, CENTRAL i Koom Chat, Li Lan Bang, Eag
An American Bank offering com-
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHABE
NATIONAL BANK NEW YORK, with Resources of
over - U. 8. $2,900,000,000.
D. M. BIGGAR,
Second Fice Press.
A Jobz
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Survion for Cargo and Passengers
TO-
SWATOW, SHANGHAI, THINGTAU, CHEFOO
And TIENTSIN
KOBE and OSAKA
HINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All stemmers
barth alongside
the Roosevelt ""Terminal in the "French Concession av Bhanghai, where passengers
sual cargo are landed.
300
18.40
500
18.50
200
17.75.
For Eatsber
500
3.60
500 25.75
tou
The Equalisation rate was -271- per cent.
were stain supported. '
Wall Street was Irregularly
24.80 *2400.00
high
3,705
The total value is $52,405,00...
The Central Bank of China's) dened and "Hairy met a little H.K. (Telephones (0) rate on Londer at 10 am today Cape offering. Coppers, however, Yaumati Ferries
Walon Ins vas 1/2-1/2d.
JARDINE MATHESONË Co.,LTD. TELEPHONE SOJILO GENERAL MANAGERS.
F. K. Kwok Eg Wong Chn Son, Bag.. Wong Tun Tong, Esq. Fung Ping Wan Eng. Chan Ching Back, Raj,
EAN TONG Po, Esq, Chief Manager Li Tam Foxo, Esa, Manager
Branches and Agencies:
Ko-ylion
Loudon
Penang Engspors
Bourabaya
Manila dolgon
Kalbouma dan Frans Bring
siąco Paesiska
Teatrung
Rav York-chauktio Pari
-Peiping Sharabsko
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency sed Fixed Deposite re- osived for one year or shorter parjods in Local and Foreign Car- renaies on terms which will, bra quoted on application.
SAFE CEPOSIT Boxes To L
∙KAN TONG: POJ
Chief Hanager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AB AND INTERNATIONAL EXCHANGE
BANK
FAID-UP CAPITAL $440,000,000.00 ** (BRANDALS ALL ÖVER Önisa) --- 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 facilition for Domestic and Foreign Banking and Kxchange
Head
Office:-SHANGRAT
** Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Ofici
KONGMOON
CANTON
|SWATOW-TOIBHAN-
SHIUCHOWALKINGOAOW
We also handle the issua of Bonda and other Public Funds of the Chinese Government both at Home- ind Abroad."
“SHOU” J. CHEN,
"Manager
PAGE 10-HONGKONG: DAILY PRESS
FINANCE -
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
DECEMBER 19, 1940.
On London:-
Telegraphie Transfer. 1/8 7/ Bank Bills, on "demand 1/3 7A Credits 4 months' sight
On Shanghaip
On demand. .................................. 304
On Singapore:-
'On demand
On Japan
On demand
COMMODITY MARKET REVIEW
(FROM PAYNE &· CO.)
NEW YORK, Dec, 18, 1940.
SINGAPORE RUBBER
SPOT
JAN MARCH
JANUARY
On India:-
Telegraphic Transfer-182 1/2
and demand
On New York:---
Bank Bills, on demand 23 3/8 Credlis, 60 days' sight 24 1/4′′
On Batavia:—,
On demand
On Paris:-
Bant Bills, on demand Nom.
Credits 4 months' sight Nom
COMMODITIES: Cotton: Washington uncertainties continue check activities but market should do better when Spring buying de- velops: Grain; Prefer purchases on reactions; Rubber; Stag- nant but would rather be long.
NEW YORK STOCKS: Previous close. 130.59; Today's close, 129.42;
Change, or 1.11.
NEW YORK COMMODITY MARKET
On Sterling Notes:-
....... 43 3/4
American
MARKET
JJ
Silver Spot
January March
May
230 10
NEW YORK STOCK EXCHANGE
Celanese
Chrysler Corpn.
QUOTATION
(REUTER'S SERVICE)
DECEMBER 19, 1940.
FS
FRIDAY, DECEMBER 20, 1940.
BANKS
HONGKONG & SHANGHAI| THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital...... $50,000,000.
INDIA, AUSTRALIA AND CHINA
fasued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1888
Paid-Up Capital £8,000,000 Reserve Fund
Reserva Funds: Sterling
+
****** *,000,000 £8,000,000 1.K. Currency Reserve $10,000,000 Reserve Lishility of Pro Reserve Liability of
Proprietors
$30,000,000
Head Office:-HONG KONG
Hon. Mr. T. E. Pearce,
„prietors Kannņääämuu£3,000,000. HEAD OFFICE: LONDON:,
38, Bishopsgate E.C.9. Sub-Agencles In London: 117/129, Leadenhall Street, E.C.3 Wast End Branak; 14/18, Cookspur Street, S.WI
Manchester. Bernal; / 89, Mosley Street, Manchester, 1-
AGENCIES AND BRANCHES.
BARLIN KOKA KONG ILOILO
ALOK STAR AMBITRAR BANGKOK BATAVIA
BOMBAY CALOUTTA
ADENCIE
Hon. Mr. A, I Shields, Sir Vandaleur M. Grayburn,
Chief Manager CANTON
Branches:
Rangoon
Saigon SAD
FAISTAN PRAGE
DAWNFURI
A **
COLOMBO
DELHI HALPHONG Francisco HAMBURG
RANKOW
Bourabaya
Patani Swałow (Johore) Tientsin
Tokyo
New York Tsingħan keiping Yokohams Penang
XPOR
KARACHI XLANG TOBE XUALA
LUKTUR
EDORINO
MADRAS
PINANG RANGOON HAIGON
PORUMBAN
SHANGHAI
· BINGAPORE
BITERWAR
LOUBABAYA ЧАЕРЕКО LIENTSIN
TONGKAR
·MANILA (Bhuket)
NODAX
REW YORK PHIPING)
(Peking)
TEIN GTAG TOKOHAMA
FOREIGN EXCHANGE and Generað Banking Business transacted?
CUERINT "A.000usis opened and FIXED DEFOBıra received for One Year or shorter periods in Local or Other Currencies at rates whick" will be quoted on appliestion.
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainabia
CURRENT ACCOUNTS opened on application.
Local Currency and Fixed The Bank's Head Office in London Deposits received for one year or undertakes Executor and Trustas shorter periods in Local and Other business, and alaima recovery of Currencies which will be quoted on British Income Tax overpaid, on terms which may be ascertained as application
SAFE DEPOSIT BOXES of any of the Agencies and Branches. various sizes to let.
B. A. CAMIDGE;
Manager.
Last Bale
STOCKS
Last Sale"
Dec. 18
Dec. 18...
57.
Loew's Inc.
331
Loft Incorperated
173
342
Mack Truck. Inc.
74
Board of Directors: Han, Mr. J. J. Paterson,
Martin, Glen L
30++
861.
McKesson & Robbink, pra, 25
35
Montgomery Ward
36+
1
Chairman. C. O. Roberts, Esq.,
Deputy Chairman.
Mtain City Copper Co.
31
15
National Aviation
10
·J. K. Bousfeld, Esq.,
16
Nat, Dairy Products
131
AH. Compton, Esq.,
171
National Distillers.......... 231
L. J. Davies, Esq.,
82
National Lead
“Bon, Mr. 8. A. Dodwell,
17
147
| Nat." Fower & Light
G. Miskin, Esq.,
61
421
K. E. Morrison, Esq.,
National Supply Corp.
131
New York Cential.
131
186
Niagara Hudson “Power
3
69
N. American Aviation
161
07
North American Co.
181
257
Northern Pacific
181
Owens-linois Glass Co.
431
Pacine Gas & Mec
284
ly
161
Packard Motors
31
Baba Vel
Johore Kobe " -Komloon
Pan-American Airways
144
81
Bombay
Kuala
Paramount Pictures .................
109
Calcutta
时
Lumpur Shanghai
Pennsylvania R.R.
214
Cantur
London
Singapore
323
Philadelphia Read, Coal
3/16"
Ubafou Lyons
85
Phillips Petroleum
391
Colono
Sungai
161
Public Service of N.J.
29.
Dairen Manil
17
Pullman Inc...
201
Foochow
Muar
20
[Pure "on
#
Haiphong
343
Bankow
Mükdən
Radio Corp, of Am
4
5
ffarbin
Reading Company.
Com
13
Hoilu
Remington Arms Co., Inc.
55
Ipoh
Republic Aviation Corp. ...
4
201
Republic Steel
217
Revere Corp:
II
in
741
Reynold Tabac, "B"
31
Safeway Stores
411
*
Schenley Distillera
101
Sears Roebuck
751
211
Shell Union Oll
111
52.
Socons-Vacunum Offi
364
Southern Pacific
TRUSTEE
ада EXECUTOR
193
Southern Rly 25. pfd.
21
business undertaken.
181
Spicer Manufacturing Co
35
81
Standard Brands
5
274
Stand Gas & Elec.
It
Standard Oll of California
18
Standard Oll of NJ.
33+
771
Stone & Webster
1627
Studebaker Com
.70
Swift International
173
341
Technicolor
82
234
Texas Corpn.
30
31
Texes Gulf Bulphur
36
58*
Timken-Axie
201
65.
Trans-America Co.
44
1
20th Cent. Fox.
81
BONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG
BHANGHAI BANKING COB PORATION. Rules may be obtain
id on application.
For the HoxGUNG & SHANGRat BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939. ·
BANK OF EAST ASIA, LIMITED
Authorised Capital $10,000,000.00 Paid Up Capital 1,598,800,0 Reserva and. Undivided
Porfita
...2.983,281.50
14
54
Union Bag & Paper Corp.
12)
327
Union Carbide & Carbon
68)
THE CHASE BANK
Union Pacific
751
401
United Aircraft
43
141
United Airlines Trans
151
114
United Corpa,
137
131
United Corpn. $3 cum pt. 201
United Gas Corpn..
#
61
United Gas Improvement
94
18
US, Industrial Alcohol...
231
151
U.8, Rubber
22
257
US. Rubber $8 pfd.
87
191
U.S. Smelting
531*
102
U.S. Steel
67)
724
Vanadium
32.
HEAD OFFICE:
18, PINE STRKET,
NEW YORK.
plete Foreign Banking Servico in the principal Markets of the world.
Any
}
Bombay
Caloutta
Halphang
Bankow
Honolulu
Lana
521
Vultee Aircraft
71
231
Walworth Co.
51
15
Warner Bros. Pict.
31
21*
Westinghouse Exec.
-103
35
Woodward Iron Cor.
32
31
42
Chase National Bank National City Bank
324* 201
27
DOW JONES AVERAGE
90.95
Commodity Index
58,04
90.83 56.00
12 off ..05.up
Business Done:-780,000 shares