PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
COMMODITY MARKET REVIEW (FROM PAINE & CO)
MONEY AND
NEW YORK, Dec. 21, 1940.
EXCHANGE
CLOSING QUOTATIONS SINGAPORE RUBBER
DECEMBER 23, 1949
On Landon
Telegraphie Transfer: [/1⁄2 7/2 Bank Bills, on demand 1/8 7/8 Credits 4 months' sight
On Shanghai:-
SPOT FAN-MARCH APRIL-JUNE
Previous
Dec, 21
Close Opening Closing Change buyers buyers
38-1/4 38-1/4 38-1/4.
NEW YORK COTTON: Prices advanced on light offerings and on
the armness of spots.
43 7/8
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
On demand
NEW YORK RUBBER & NEW YORK HIDES: Expect higher. NEW YORK STOCKS: Previous close, 128.87: Today's close, 123,89;
Change, up 02
NEW YORK COMMODITY MARKET
Prov. Today's
Close Close Change 10.12.10.15 .03 up 20.18b 20.20b .02 up 841 841 #off
601 601 12.50 12.50b
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICĖ)
DECEMBER 22,
National Distillera
National Lead .......
TUESDAY, DECEMBER 24, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorized Capital $50,000,000
INDIA, AUSTRALIA
AND CHINA
lued & Fully Paid-Up 390,000,000 Incorporated by Royal Charter, 1880
Reserve Funda:
Paid Up Capital £3,00 $ 6,500,000 Reserve Fundamen
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Chairman.
prietors
£3,000,000 HEAD OFFICE: LONDON:2
38, Bishopsgate E.C.2. Sur-Ageneler In London: 117/192, Lesdenball Street, E.O
West End Branch: 14/18, Cockspur Street, S.W1.. Manchester Branch:
58, Mosley" Street, Manchester, S.
AGENCIES AND BEANCHES:
HARBIN
ALOR STAR IMRITHAR
4
PESANG
BANGKOK ILOILO
BAIGON
BATAVIA
Iron KARACHI
LANG
BERENAN
SHANGHAI
SINGAPORS
·SITIAWAN
SCURABATA
Miskin, Esq.,
K. 8. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
Hon, Mr. A L. Shield
Sir Vandeleur M. Grayburn,
Chief Manager.
BOMBAY
DALOUTTA
AGENCIES: KOS CLAYS STREET KUALA FAIRE PLACE CANTOX
·CAWNICEL
LUMPUR
LUCHING
TAIPIN
COLOMBO
DELHI HAIPHONG
Calcutta Lumpur Shanghai HANKOW
Patani Swatow (Johor) Tiantain Mukden Tokya New York Thingtao
Yokohama
CURRENT ACCOUNTS opened
MADRAS
MANILA
KEDAX
TIENTSIN
4.
TONGIAM
(Bhuket)
TEINGTAL
NEW YORK : YOKOHAMA PHIPING
(Peking)
FORLION EXCHANGR and Genura) Banking Business transacted.
CURRENT Accounts ¿pened, and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at raten' which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with Linterest allowed at rates obtainäble
on application.
in Local Currency and Fixed
The Bank's Head Office in London Deposits received for one year or undertakes Executor and Trustss shorter periods in Local and Other business, and claims recovery of Currencies which will be quoted on British Income Tax over OB application
terms which may be ascertained of SAFE DEPOSIT BOXES of any of the Agencies and Branches. various sizes to let
RA. CAMIDGE,
EXECUTOR
HONGKONG SAVINGS
BANK
The Business of the above Bank
Manager.
BANK OF EAST ASIA, LIMITED
unch.
Sterling
37-9/4 37-3/4 37-7/8 36-1/2 3841/2|38-5/8
up 1/8
up 1/8
Reserve Liability of
The market was quiet but steady. LONDON, RUBBER
STOCKS
Last-Sale
Last Sale
Proprietorik
$20,000,
Dec, 21'
Dec, 21
On demand
Previous close Today's close
410
Adams Express ·
57
Loew's Inc..
Head Office:-HONG KONG
311
On Singapore:-----
buyers
buyers
Change
Alleghany Steel 00...
·231
Loft Incorperated
17
" On demand
62 3/4
SPOT
11-7/8
Allis Chalmers .....
361
Mack Truck Inc.
231
JANUARY
11-15/18
On Japan:-
Aluminium Ltd,
Board of Directors: Hon Mr. 3. J. Paterson,
73+
Martin, Glen L..
30
On demand
108 1/2
FEBRUARY
12-1/18
Market closed
Amer. Can.....
861
McKesson
On India:-
Telegraphic
Transfer.
| APRIL-JUNE JULY-SEPT.
12-3/16
Robbins, pidi. 25
American Cysriamid B
C. C. Roberta," Enq;
354
Montgomery Ward
38
12-9/16
Amer. Foreign Power
and demand......
82 1/2
M'tain City Copper Co..
Deputy Chairman,}
3*
Amer. Foreign $7 pt.
15
National Aviation
10
J. K. Boushald, Esq.,
On New York:-
Amer. Locomotive
151
Nat, Dairy Products
13
A. H. Compton, Esq.,
8 8
Bank Bills, on demand 23 7/16 Crediis, 60 days' sight 24 3/16 On Batavia :--
CHICAGO WHEAT: Favour purchases
advance.
on easiness
for moderate
„Amer. Metal: 00. .........
18
L. J. Davies, Esq.,
Amer. Radiator.....
**
Hon. Mr. S. H. Dodwelt,
Amer, Rolling Mill.......
15 "
Nat, Power & Light
On demand
....
Amer. B'ting and Ring Co.
42
National Supply Corp.
On Pars
Amer, Sugar Redning ......
13/
New York Cential
130
Amer. Tel, & Tel
166
| Niagara Hudson Power.
Amer. Tobacco "B"
69
(N. American Aviation
181
On Saigon
Amer; Waterworks in..
62
2
North American Co.
16
101 3/4
Anaconda Copper
201
Northern Packte
5+
Branches:
On Manila: -----
(REUTER'S SERVICEV
Atchison, T. & B ̧ ́Te®
16+
****
Owens-Illinois Glass Co.
44
On demand
46 7/8
Aviation Corp. -...
季
Padic Gas de Mec
29
Amoy
Johore
Rangoon
On Bangkok:--
On demand
149
On Sterling Notes:-
Bank Buying Rate
Now.
New York Cotton, March New York Rubber, March Chicago Wheat, May
High - Low 10.17 10.14
Baldwin Lacometire
17
Packard Motors
31
Bangkok
Kobe
Saigon
Batavia
Kowloau San
Baltimore & Ohio
Pan-American Airways
131
851
108.
Barber Asphalt Co. Barnsdall Of
Bombay Kuala
Francisco BAMSURO
Paramount Pictures
101
BI
Pennsylvania: R.R.
211
Gaoton
Leadon
Bar Silver per oz.
23 1/18
Chicago Corn, May
f
New York Hides, March
601 ∙12.50 12.45
801
of
Bendix Avtation ......
931
Philadelphia Read Coat
$/18*
Chefoo
"Lyons
Singapore Sourabaya
NEW YORK COTTON
Close
Opening,
Closing
unch, Change
lethlehem Steel
85*
Phillips Petroleum
39%
Colombo
Malacca Sungei
liss Co. 1995
161
Public Service of NJ,
281
Dairen
Manila.
January
9.99 N
10.02/02
10.02 N
.03 up
Boeing Airplane, Co.
17
Pullman. Inc.........................
251.
Foochow
Muar
March
10.13/12
10.18/18
10.15/16
03 up
Borg-Warner
.187
Pure Oil
71
Haiphong
Hankow
May
10.05/05
10.10/10
∙10.09/09
,04 up
Briggs Mig.
24
Radio Corp. of Am.
Harbin
9.83/83
9.88/38
9.88 N
03 up
Budd Mfacturing Corp.
47
Reading Company,
Com
13
Iloilo
9.31 N
9.35/85
9.34/94
.03 UD
Canadian Pacific Rway
3 Remington Arms Co., Inc.
51*
1pon
Peiping
Kepang
9.23 N .. 9.32b/35a 10.12 N
9.31 N
.03 up
Case, VI
53+
Republic Aviation Corp.
10,16 N
.04 up
Celanese
.27
Republic Steel
21+
Silver was unquoted.
Chesapeake & Ohio.
411
Revere. Corp.
101
Chrysler Corpn.
741
Reynold Tobac. "B",
31
Golumbia Gas de Béc.
May
20,35b/40a 20.326 20.18b 19.97/97
20.37b
02 up
Safeway Stores".
Commercial Credit Co.
287
MARKET
July (New contract)
19.82b
20.18b 19.96b/20.00 19.99 N
19.75b/85a 19.84b
20.20b/253
Schenley Distillers
101
.02 up
com, & Southern (Ord.) ...
Sears Roebuck
.02 up
Consolidated Edison.....
214
.02 up
Shell Union On
101
Consolidated on
52
Total sales:--50 tons
Socony-Vacunumi Oil-,
Continental Can
37
Southern Pacific
TRUSTEE end
CHICAGO WHEAT May ....
Continental Oil
181
Southern Rly $5 pfd.
business undertaken.
841/84+
July
791/791
841/841 "701/791
841/841 791/781
-off off
Copperweld Stee!
18"
Spicer Manufacturing Co. 35
Curtiss Wright -(C.)
81
Standard Brands
19
Curtiss Wright: "A"
281
Stand Gas & Elec.
Deere & Co.
191
Standard On of California
18+
601/604 601/602
July
601/601
601/602
601/601 60/60
off
Distillers Corpn. Beagrams
181
| Standard. OU· of NJ.
33
Douglas Aircraft.......
78.
Stone & Webster.
7+
NEW YORK HIDES March
Du Pont de Nemours
181
is conducted by the HONGKONG
Studebaker Com
8.
SHANGHAI' BANKING COR-
June
12.50/50 12.27b
12.46/45 12.50b 12.15b/30a 12.30/30
Engle Picher Lead
105
unch. .03 up
Swift International
171
Eaton Mfg. Co......
34)
Technicolor
B1
ed on application.
Elec. Autolite
331
Texas Corp. .....
.391
Elec Bond & Share
31
BANKING CORPORATION.
Pornts
Texes Guir Salphur
36
Elec. Bond & Share 35 pi.
Timken-Axle
201
Elec Bond & Share så pí.
68
Trans-America, Co.
44
Elec. Power & Light 37 pt.
311
Hong Kong. 5th Feb., 1930.
20th Cent. Fox.
Flintkote
131
Gen. American Trans, ..............
55
Union Bag & Paper Corp. 12j* Union Carbide & Carbon : 68
THE CHASE BANK
Gen. Electric
321
Union Pacific
75
Gen Motors
491
United Aircraft
421
144.
United Airlines Trans
150
114
United Corpn.
11..
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
P.
131
United Corpn. $3 cum pf. 264.
131
United Gas Corpn.
13/16
62*
United Gas Improvement
31
184
US, Industrual Alcohol....
231*
15
Great Northern -Rly, pta.
201
U.S. .Rubber
22
Great Western Sugar
194
US, Rubber $8 prd,
854.
US Smelting
63*
£
•
War Loan, 31% Red,
after 1952)
Greyhound Corpn.
108
US. Steel
581
Hercules Powder. Co
704
Vanadium
321.
Bombay
Mana
Bourabaya Bwabów
Chinta
Balpboog Hankow
Nagsuka
alano bentan
New York Beitia
Hostela
Pariz
Samertag
Homestake Mining
50*
Vultee Aircraft
74*
'Int Nickel
23
Walworth Co.
51
Inter. Paper & Power
15
Warner Bros. Fict
31
21*
Westinghouse Elec.
101
351
Woodward Iron Cor..
321
31*
Chase National Bank National City Bank
Market Repon
FROM ROZA BROS,
Monday, Dec. 23.
Sliver prices were unchanged July
over the week-end, the "quotations October
remaining at -23.1/10 for Ready December
and 23 for Forward,
American Bpot
Total sales Friday:-55,400 bales.
The London/New York Cross-NEWORK RUBBER rate was quoted at 402.1/2. New January ...... York/London was quoted at 403-March 1/2"
Easlet.
STERLING
Friday's sales::-11,675,000 bushels. CHICAGO CORN
There were sellera at 1/2.31/32 for nest and forward small buyers at 1/3 January, possibly for Cash U. S. DOLLARS Bellers at 23.11/18 for Spot, May buyers at 23.3/4 for Cash.
SHANGHAI DOLLARS Opened with sellers at 421 and at the close at 1 pm. there were sellers at 434:
SHANGHAI MARKET Weak. Opened with sellers at 3.17/32 and at the close sellers were quoted at 3.7/16. V. 3.
Total sales for the day:-41 contracts N.Y. Official 8ilver 4-3/4 NY-London Cross Rate 403-1/2
Dollars opened with sellers at LONDON STOCK
6.19/32 and last advices Indicated sellers at 5.7/16 for Spot.
AFTERNOON MARKET
The market was quiet in the afternoon.
STERLING
There were sellers at 1/2.31/32 for near and forward, small buyers at 1/3 for Cash,
U. S. DOLLARS There were sellers at 23.11/16 for Cash, buyers ́ ́at 23.3/4 for Cash.
EXCHANGE
(REUTER'S SERVICE)
London, Dec. 20. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
SHANGHAI DOLLARS
102-13/16 Opened with sellers at 434 and Defence Loan, 3%.. ·101 -
Janton-K'loon Rly.5% 13 closed with sellers' at 436.
SHANGHAI MARKET
Chinese 41% Gold Luan, Sterling 3.7/16
1808 (Brit. Issue) "..............
· Here quoted
44 early in the afternoon and closed Chinese 5% Gold Bonds,
a shade, easier with sellers at
Shanghai Exchange
Shanghal, Dec 21 (Reuter),
Official T/T. Ilates
Opening 0/3-3/8
London ..
unquoted. 4.03-1/2
H.K. STOCK EXCHANGE
With the approaching holiday season a smaller volume of business was recorded, with a steady under- tone prevailing.
BUYERS
Bank of East Asia, $74. Union Ins., $400. HK Fire Ins., $167.50. Wharves, $93.
Providents, $5.70. Hotels, $3.55,
Lands, $33,60.......
Trams, $17.70.
Star Ferries, $81.
Yaumati Ferries, MA Electrics (N), $39.75.
Bandakan Lights, $11.30.
Ropes, $7.05. Watsons, $10.50.
"Entertainments. $7.
Constructions" (0), $1.36.
SELLERS
Gen. Railway Signal Gen. Tire & Rubber Glidden Co.... Goodrich (B.F) Goodrich $5 pf.......
Goodyear Tire & Co. Great Northern Tron Ore -
Int, Tel, & Tel
Kennecott Copper ..... Lakey Foundry & Mac. an Libbey-Owens-Ford Glast 391 Lockheed Aircraft
3.13/32 for Spot. U. S. Dollars 5.13/32, sellers for Bpot.
1925/47 Chin. 41% Anglo-French
Loan, 1908 Chinese 5% Orlap Loan.
1912. Chinese 5% Reorg Loan.
113 (Lán. Is.) Chinese 8% Ster. Notes,
1925 (Vickers)
42-4T
45
271
25+
DOW JONES AVERAGE
Wharves, $39,
1340
Hotels, $3.75.
Trams, $18.
High Low Dow Jones Averages 152.80 111.54 36′ · Industrials
39.67 22.15 20 Raili
Dec. 20, 128.87
27.14
Chin. Imperial Rly. 5%
Loan
Dairy Farms, $19.29.
26.46 18.03 20
Utilities
19.00
47
6-3/16
Watsons, $10,7%.
91,01 83.08 40 Bonds
90.60
22-1/2
Joman Rly. 5%
164
Vibro Piling: $7.70.
64.07 48,47 11 Commodity Inder
58.12
58.07 ..06.or
18-3/4
fukuang Rp 5%, 1911...
SALES
Business Done 120,000 shares
nominal
(LP: N/Y Issue)
15
HK Govt. 4% Loan, $97.50.
Hukuang Rly, 5%, 1911
Providents, 35,70
.German Issue).
13
Hotels, $3.65.
· Trams, -317.80.
New York
Japan
India"
Parls
Hongkong
"Spot.
Dec. Jan.
8pot...
Dec.
Jan.
........ 22-3/8
Sterling
Bellers
Opening Closing
0/3-17/32-0/3-25/64- 0/3-17/32 0/3-25/84 0/3-83/84 0/3-23/64 U8. Dollar
$5-19/32 $5-3/8 5-19/32 5-3/8 5-0/10 5-5/16
Market:-Uncgrtain.
Bliver Duty Bate
The Central Bank of China's
rate on London at 10 am, today was 1/2-1/2a, 200
The Equalization rate was 221 per cent.
Record-of-performance Canadian
| Lung Thing & U HAJ
Rly. 5% 1813
S'hai-N'King Rty, 5% Mentsin-Pukow Rly. 5%
Brit. Stpd.)
**
Tientsin-Pukow Aly, 5% (German Stpd.)....... Tientsin-Pukow Rb. 5%
"(Brit. Stpd. Supl. Lown), 15 Tientsin-Pukow Hy. 3%
(Ger.Stpd. Bupi. Loan), 15' Jap. 8% Ster. Loan, 1924-27 Ger. 1 Intl Loan, 1924 6
hartered Bank......
H.K. & S′bal Bank (Lán.
Reg.)
HK, & s'hal Bank (Col.
Pcg)
Chinese Eng & Mining
ོང བ་ཚོ་ ི་ཚ ཁོ་ཚོ་
el
Cementa, $18.50
Watsons, $10.50,
For the full year of 1940 the
Directors of Trans-Canada Air
Dec. 33, 1940.00)
High Low Close
128,32 128,45-128.80.
97.27 27.06.87.17
Change
...os un
19.63 1950 19.59.03 up
90,37 ..03 off
PORATION. Bules may be obtain-Authorised Capital$10,000,000.00
Paid-Up Capital 5,508,800.00
For the HongKong & Shanghai | Reserys and Undivided
V. M. GRAYBURN,
Chief Manager.
18, PINE STREET,
NEW YORK
An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application,
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BANK New York, with Resources of
over U.S.$2,900,000,000,.
D. M. BIJGAR,
Second Vice Press.
A Job?
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Lines budgetted for a het profit Operating Services for Cargo and Passengers
jof $300,000, At the end of August, the actual profit was then in ex- cess of $322,000. Indicating that the profit for the full year will be about twice the estimate.
Great Western Ply 323
National Bank of India 32.
B-A-Tob (bearer)
88/10)
9/9.
Dunlop Rubber
32/3
Imperial Chemical Ind. 28/101"/
16/3
Bristol Aeroplane
4/-
United Steel
101
Woolworthamp
2/
Marsman Investments
15/-
Western" Holdings
131
Sub-Nigd
bell Trana
poultry have made their debut in ¿beareraersko South Africa as foundation stock, chosen Corporation An order for two cockerels and six Mercantile Bank of In- pullets is repórted by the Domin- dia, £5, “Q” ........... ion Department of Agriculture, at Pekin Syndicate. ............ $25 and $15 respectively per bird.js'hat Eler. Constr. Co. Trinidad and British Gulina-have]S'hai Waterworks “A” -preceded South Africa as pur- Unton Insurance,
20 chapers of Canada's best breeding uls Kalumpong Rubber: 15/7k poultry stock:
Lôn; Mia, & Bent, Rly, 131.
(bearer)
bid.
-21/44 53/4Ł
718. 9/3 160
Trad
-38/9
TO
SWATOW, SHANGHAI, TSINGTAU, OBEVOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA,
BANDARAN
HAIPHONG
All steamers berth alongside the Boosevelt Terminal in the French Concession at
Shanghai, where passengesá
and cargo are iodød.
For further particulars
please apply to
JARDINE I
THESON& Co.,Lrn TELEPHONE 3OJIL GENERALMANAGERS
....2,983,281.50
Head Offer:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Director.
Bia SHOPBOX Onow, Chairman Loon Chan, Bag Li Lax Bang, Kaj.
2. K. Kwok, Maq, Wong Chu Son, Esq. Wong Ton Tong, Esq. Fung Ping Wan Eng. Chan Ching Shok, Esz
KAN TONG PO, Esq., Chief Manager
LY T Foxo, Esq., Manager
y
디
Betaria
Labe
Branches and Agencies:
Proant
Lacedon Bangoon
"Hingapore
Melbourne San Fr Sydney
Pelping Shanghai
corer
Every description of Banking and
Exchange business transacted Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cor rencies on terms which will he quoted on application.
Bar CRPOSIT Bora To LT.
KAN TONG PO,
Chief Manager:
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF. CHINA AS ANG
· INTERNATIONAL EXCHANGE
PAID-UP CAPITAL, $40,000,000.00 ~(BELECHES, ALL" Oyes Caira) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend * our Clients special facilities for Domestic and Foreign Banking and Exchange
Head Omes:--BHANGHAI Hong Kong Branch QUEEN'S ROAD, C. South Chima Offiene?
CANTON KONGMOON SWATOWA
SHIUCHOW
STOLSHAN-A
KINGCHOW
We also handle the issue of Bonds and other Pablie Funds of the Chinese Government hoth at Home and abroad.
SHOD THEN
Manager.