The market was dull,
9999 9 9 9 9 9 9 9
415
LONDON RÜBBER
52 3/4
SPOT
JANUARY
FEBRUARY
Transter.
1891/2
APRIL-JUNE
JULY-SEPT.
亨
Bank Buying Rate
Bar Silver per oz.
Shanghai Exchange
Shanghai, Dec. 31 (Reuter).
Official T.T. Rates
On demand
101 1
On demand ........... 46 3/4 On Bangkok:~-
On demand
149
On Sterling. Notes:-
Now, 93 1/8.
CLOSING QUOTATIONS SINGAPORE RUBBER»
DECEMBER 31, 1940
On London:--
Telegraphic. Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight'
On Shanghai:----
On demand.
On Singapore:-
On demand
On Japan:-
Or. demand On India:-
Telegraphic
and demand ...........
"On New York:-
Bank Bills, on demand 23 3/8 Credlis, 80 days' sight 24.1,81
On Batavia-
On demand
On Paris:-
..... 43 3/4
Bank Bills on demand Nom,
Credits 4 months' Eight Nom.
On Saigon
On Manila-
SPOT JAN-MARCH
APRIL-JUNE
The market will be closed on Wednesday, January 1, 1941 (New Year's day),
The market will be closed on January 1, 1941 (New Year's day). NEW YORK COTTON: The market was firm on price-fixings anıd on scarcity of contracts. There is general bellet that higher prices are necessary to check persistent holdings.
NEW YORK RUBBER: Steady on the strength of the foreign mar-
kets.
CHICAGO WHEAT: Trading was on a
Inclines to be slightly bullish.
NOTE: All American markets will remain closed on tomorrow, Jan.
1. 1941, New Year's day).
NEW YORK STOCKS: Previcus close, 130.11; Today's close, 131.04;
Change, up .97.
NEW YORK COMMODITY MARKET
Adams Express
Amer. Radiator
STOCKS
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
COMMODITY MARKET REVIEW
MONEY AND EXCHANGE
NEW YORK, Dec. 30, 1940.
(FROM PAYNE & CO.)
Previous Dec. 29
Close Opening Closing Change buyers buyers
37-3/4 37-3/4
37-3/4
unch.
37-5/8 S7-5/8 37-1/2 36-3/8 36-3/8 36-1/4
DE 1/8 of 1/8
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
DECEMBER 31, 1940
WEDNESDAY, JANUARY -1, 1941.
BANKS
HONGKONG & SHANGHAI | THE CHARTERED ‘BANK OF
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA
Authorised Capital 850,000,000°
Issued & Fully Paid-Up 820,000,000
Reserve. Funds:
Sterling ...........
£6,500.000 Reserve Fund
curported by Royal Charter, 1858 Paid-Up Capital
.£3,000,000
£3,000,000
Reserve Liability of
prietors
£3,000,000
Last Sale
STOCKS
Last Sale
Proprietors
$20,000,000
HEAD OFFICE: LONDON:
Dec. 30
Dec. 30
61
Loew's Inc.
Bead Uflice-HONG KONG
311
Alleghany Steel Co.
247
Loft. Incorperated
171
Allis Chalmers
36
Previous close Today's close
Mack Truck Inc.
31
..buyers
buyers
Change
Aluminium Ltd. Amer. Can
.71
Martin, Glen L
301
.975
12
McKesson & Robbins, pfd. 25
12
American Cyanamid B.
373
Montgomery Ward
Board of Directors: Hon. Mr. J. J. Paterson.
C. C. Roberts, Esq.,
Chairmant
378
12-1/8
Unreceived
Amer. & Foreign Power
Deputy Chairman.
M'tain City Copper Co.
34
12-1/4
Amer & Foreign $7 pf.
143
National Aviation
101
J. K. Bousfeld, Esq.,
12-1/4
Amer.. Locomotive
161
Nat. Dalry Products
13
A. H. Compton, Esq.,"
Amer. Metals Co,
183
National Distillers
23
LJ. Davies, Esq.,
ALOE STAR
HARDIN
7
Hon. Mr. S. H. Dodwell,
National Lead
171
Amer. Rolling Mill
154
ti. Miskiu, Esq...
| Nat. Fower & Light
7
K. S. Morrison, Esq.,
Amer. Sting and Ring Co.
431
National Supply Corp.
53
Hoo. Mr. T. E. Pearce,
Amer. Sugar Refining
141
New York Cential
Amer. Tel, & Tel.
'107
Niagara Hudson Power
14h
3
Amer. Tobacco “B”
714
N. American Aviation
161
moderate scale. "Sentiment
Amer. Waterworks
67
North American Co.
163
Anaconda Copper
| Northern Pacific
19
Atchison, T. & 8, Fe..
180
Owens-Illinois Glass Co....
471
Aviation Corp.
41
Pacific Gas & Elec
2711
ون الحدي
Baldwin Lecometive
181
Bangkok
Packard Motors
31
Baltimore & Ohio
31
Batavia:
Branches: Johore Kobe Kowloon
1.
.:
San
Pan-American Airways
18
Bombay Auals
Barber Asphalt Co.
Paramount Pictures
101
Barnsdall Of
Pennsylvania RR.
223
Canton
London
Singapore
Bendix Aviation
343
Philadelphia Read, Coal
3/16
Chefoo
bethlehem Steel
861
Phillips Petroleum
40**
Colombo
Malacca
Bliss Co.
191
Public Service of NJ.
283
Dairen ... Manila
Opening
.
London New York
Japan
Indian
0/3-7/16
5-7/18 23-1/8
19
New York Cotton, March New York Rubber, March Chicago Wheat, May Chicago Corn, May New York Hides, March NEW YORK COTTON
⠀ (REUTER'S SERVICE)
Low High 10.40 10.30
Boeing Airplane Co.
181
Pullman Iac..........
251
Foochow
Muar
Prev. Today's
Borg-Warner
181
Pure Oll
8.
Haiphong
20.20 20.20
871 861
Close Close Change 10.29 10.39 10. up 20.05 20.126 .07
887 883 toft
Briggs Mig
25+
Rankow
Radio Corpn," of Am.
48
Harbin
Budd Mfacturing Corp.
.51
Reading Company, Com
13
קני
Canadian Pacific R'way
31
Remington Arms Co., Inc.
54*
"Iloilo Ipoh
✔
Case, JI
531
Republie Aviation Corp.
51
63 623
621 623
up
Celanese
271
Republic Steel
229
Close
13.16 13.00 Opening
12.93b 13.08b 15 up
Chesapeake & Oblo
43
Revere Corp.
101
Closing
Change
Chrysler Corpo,
73
Reynold Tobec. "B"
307
Parts.
Hongkong
nominal 22-7/8
Columbia Gas & Elec. .....
41
Safeway Stores
42+
January
10:18. N
Sterling
March
10.29/30
10.156/20 10.30/30
10.26 N:
* .08 up
Commercial Credit Co.
283
Schenley Distillers
111
10.39/40
10 up
Com, & Southern (Ord.)
#
Sears Roebuck.
79
Sellers
May
10.23/23
10.25/25
10.34/34
.11 up
Consolidated Edison
221
Shell Union Oll
10%
Opening
Closing
July
.10.03/04
10.08/06
10.11/11
.08 up
Consolidated Off
Socony-Vacunum Oil
81
Spot
Doc.
0/3-17/32 0/3-33/64 03-17/32 0/3-33/64
October
9.48/48
9.49/49
9.59/59
11 ap
Continental Can
381
Southern Pacific
81
TRUSTEE and
December
9.46/40
9.45b/56a
9.54 N
.08 up
Continental Qu
191
Jan.
0/3-1/2 0/3-31/64
Spot ......
10.30 N
10.40 N
Southern Rly $5 pid.
211
business undertake
.10 up
Copperweid Steel
183-
Spot
U.S. Dollars
$5-9/16
Total sales Saturday: 38,600 bales.
Curtiss Wright (C)
J
Spicer Manufacturing Co
38
Standard Brands '
19
$5-17,32
Curtiss Wright "A"
26+
Stand Gas & Elec.
NEW YORK RUBBER
Dec.
5-9/16
5-17 32
Deere & Co.
213
Standard Oll of California
18
Jan.
5-17/32
5-1/2
January
Market: Quiet.
Silver Duty Rate
March May....
The Central
Bank of China's July (New contract) rate on London at 10 a.m. today was 1/2-1/2d
20.20b/27a 20,05/05 19.90/90 19.70b Total sales:-400 tons.
20.28b 20.35b 20.10b/25a 20.12b 20.00b/07a 20.00/00 10.80b/90
.15 up
Distillers Corpn. Beagrams
177
Standard Oil of N.J.
33)
.07 up
Douglas Aircraft
778
Stone & Webster
73
10 up
Du Pont de Nemours..
183
Studebaker Com.
7%
19.85/85
.15 up
Eagle Picher Lead
101
Swift International
178
Eaton Mig. Co.
347
Technicolor
9
Elec. Autolite
34
Texas Corpu.
393
The Equalisation rate was 224 CHICAGO' WHEAT
Elec. Band & Share
3
Texes Gulf Sulphur
354
Elec. Bond & Share $5 pr.
364*
per cent.
May
87/862
871/872
352/801
1 off
Timken-Axle
.1.341
Etec Bond & Share $6 pf.
613
July
811/81
814/812
Calcutta Exchange
September
81/818-
81/81 81//81
A
Frans-America. Co.
up
Elec. Power & Light $7 p1.
32
47 8
i up
20th Cent. Fox.
Flintkote
15
Calcutta, Dec. 30 (Reuter).
Saturday's sales:-7,167,000 bushels.
Gen. American Trans.
551
Union Bag & Paper Corp. 12)
Union Carbide & Carbon
69
THE CHASE BANK
'T.T. on Japan, 81-1/4.
Gen. Electric
321
763
CHICAGO CORN
Union Pacific
Gen Motors
481
May
July
September
621/622 621/621 623/822 621/621
63/621
821/621
62#/621
623/623
12.93b/94a 13.16/00 12,86/66 li
12.83/80
13.08b/10a 12.83/83
43-3/4 4.03-1/2
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE).
London, Dec. 27.
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.
War Loan. 31% (Red.
after 1052)
NEW YORK HIDES
March June
Total sales for the day:-147 contracts. N,Y, Official Stiver unquoted NY-London Cross Rate 4.03-1/2
LONDON STOCK EXCHANGE LONDON, Dec. 31 (Reuter) - On the Stock Exchange yesterday,; although business was only of spasmodic character. the under tone was satisfactory.
LONDON METALS
EXCHANGE
London, Dec. 30 (Reuter).
Standard, Cash, Middle
Tin, *Price. £256-5/8.
Furthermore, President Rouse veit's speech and the terms of the new 2-1/2 per cent, war bonds and three per cent. savings bonds, indicating the Government's in tention to adhere to the cheap created u money policy, have
Defence Loan, 3%
103 1011
Canton-Kloon Rly. 6% 13
Chinese 41% Gold Lan
1898 (Brit Issue) ...... Chinese 5% Gold Bonds,
1925/47
44
42-47
Chin. 41% Anglo-French
Loan, 1908
45
Chinese 5% Crisp Loan.
1912
26+
Chinese 5% Reorg. Loan
1913 (Ldn. Is.)
34
Chinese 8% Ster. Notes.
1925 (Vickers)
10
good impressioti,
Chin. Imperial Rly, 5%
Gift-edged holding were rather
Loan
47
Honan Rly. 5%
18+
shares made headway
Aukuang Rly 5%. 1911...
(LP. N/Y Issue)
Bukuang Rly. 5%, 1011
German Issue)· ....
Lung Tsing U Hai-
Rly. 5% 1913
14
S'hal-N'King Rly. 5% 18
Tientsin-Pukow Rly. 5%
15
Tin, Standard, 3 months, Midaie Price, £259-7/8.
Market quiet.
LONDON GOLD
London, Dec. 34 (Reuter). Bar Gold, Fine per oz., 168/-
inter. Faper & Power Int. Tel, & Tel
Kennecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford Lockheed Aircraft
19.10
DOW JONES AVERAGE
Low Dow Jones Averages Bigh
Industriala 132.80 111.84 30 32.67 22.15 20
Rails "28.45 18.03 20 Utilities 91.01 83.08 40 Bonda 6407 48.47 11
Dec. 28,
180.11
27.86
19.80
Commodity Index
Dec. 31, 1940.
High Low Close 131.85 139.18 131,04 28.16 27.88 27.00 20.00 19.60 -19.79 90.72 50.04
Change
-.07 up
Antherin Caf
.14 up
Subscribed Capital Prin-ap Capital
.01 off Retro Fund and Best, 90.47
.26 up 66.70
.15 up Business Done:-1,180,000 shares"
United Aircraft
421
up
Gen. Railway Signal
142
United Airlines Trans
16.4
up
Gen. Tire & Rubber
11#
United Corpn
14
HEAD OFFICE:
tup
Glidden Co.
131
United Corpn. $3 cum pt. 28
Goodrich (BF)
13
United Gas Corpn.
2་
18, PINE STREET,
NEW YORK.
Goodrich $5 pt.
611
United Gas Improvement
10
.15 up
Goodyear Tire & Co.
193
U.S., Industrual Alcohol.
23t
17 up
Great Northern Iron Ore Great Northern Rly, pid,
15
U.S. Rubber
22
27
U.S. Rubber $8.pfd.
841
An American Bank offering com-;
plete Foreign Banking Service in the principal Markets of the world"","
Great Western Sugar
191
U.S. Smelting
84.
Interest Rates ou Application,
Greyhound Corpn.
112
U.S. Steel
70
Hercules Powder Co
69
Vanadium
.341
SAFE DEPOSIT BOXES
Homestake Mining Int Nickel
514
Valtee Aircraft
81
237
Walworth Co.
51
151
Warner Bros, Plet.
21
2*
Westinghouse Elec,
1043
371
Woodward Iron Cor.
324
4
Glass
434
Chase National Bank National City Bank
331-
272*
271
Hon. Mr. A. L. Shields, - Sir Vandeleur M. Grayburn,
Chief Manager.
AMBITUAR BANGKOK BATAVIA
DOMBAY
CALCUTTA
AGENCIES: KOBE CLIVE STATIZ FAIRLIN PLAC
CANTON
CAWNPORE
Rangoon Saigon DELTI
HAIPHONG Francisco HAMBURG Caloutta Lumpur Shanghai BANKOW
Lyons Sourabaya
Sungel
Patani Swatow (Johors) Tientsin Mukden Tokyo
New York Tsingtao Paiping Yokohama Penang
KUALA
LUKPUZ KCOHING MADRAS
MANILA
NEW YORK PEIPING
(Peking)
SITIAWAN
- SOURADATA
ΤΑΙΡΙΚΟ
TIENT IN TONGKAR
(Bhuket)
་
TSINGTAL YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS, opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates - which will be quoted on application..
SAVINGS ACCOUNTS als opened, in Local Currency and Sterling with intereat allowed at rates obtainable CURRENT ACCOUNTS opened on application. in Local "Currency and Fixed
The Bank's Head Office in London Deposite received for one year or undertakes Executor and Trustee shorter periods in Local and Other business, and claims recovery of Currencies which will be quoted on British Income Tax ovarià, ou terms which may be ascertained at
application
SAFE DEPOSIT BOXES of any of the Agencies and Branches. various sizes to let
R. A. CAMIDGE,
Manager.
EXECUTOR
HONGKONG SAVINGS
BANK
The Business of the above Bank s conducted by the HONGKONG SHANGHAI BANKING COR- PORATION, Rules may be obtain- er on application.
For the HONGKONG & SHANGHAI. BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong. 5th Feb., 1839. ..
BANK OF EAST ASIA, LIMITED
Authorised Capital...... 10,000,000,00 Paid-Up Capital
5,598,500.or Reserve and Undivided
Porits
.2,983,281.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central. ·
Board of Director.- SIR BROPSON Crow, Chairman
15. QUEEN'S ROAD, CENTRAL Li Koon Chan, Esq.
This Bank is entirely owned by THE CHASE NATIONAL'. Bank, NEW YORK; with Resources of over U.S. $2,900,000,000.
D. M. BIGGAR,
Second Vice Press.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Streat, London, EC3-
P. K. Kwok, Esq.
Wong Yun Tong, Eaq,
Chan Ching Shok, Esq.
Li Lan Song, Esq.
Fang Ping Wok E.
KAN TONG PO, Esq., Chief Manager. LA TE FONG, Esq., Manager
Branches and Agencies:-
Ko'yloon
Loudou
Nagasaka
Penang
Bingapore Bangoou Buursboys
Raigon
Switow
Ban Fran. Sydney
clano Tintain
Now Toric Beattle
Pariw Piping
couver
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
or shorter periods in Local and Foreign Cur rencio on terms which will be quoted on application.
year
SAFE CEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
38, Bishopsgate E:C.2- Sub-Agencies In London: 117/122, Leadenhall Street, E.Qa West End Braneb:
14/16, Cockapur Street, S.W 1 Manchester Branch: 52, Mosley Street, Manchester, 2 AGENCIES AND BRANCHES
PENAND BONG XOXO RANGOON ILOILO
SAIGON
IPOH
OBRENDAN
KABAGHI KLANG
SHANGHAI
SINGAPORA
J
CEBU
COLOMBO
MIDAN
Wong Chu Sen, Esq
Amoy
Bata Pla
Bombay
Manila
Calcutta
Melbour
Balphons
Hankow Honolulu
BOL
Semarang Shanghal
£3,000,000
21,500,000 21,000,000
(Brit, Stpd.) »** Tientsin-Pakow Rly. 5%
(German Stpd.)' Tientsin-Pukow Rly, 5%
Brit. Stpd. Bupi. Loan) 15 Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl Loan) 15 Jap. 8% Ster. Loan, 1824
32
Ger, 7% Intl. Loan,' 1924 6 Chartered Bank
irregular but several industrial
Wall Street was frm.
SILVER MARKET
LONDON SILVER
London, Dec. 30 (Reuter). Bliver Little covering. Small business..
Spot, $23-3/180 Forward, 23-1/8d.
S'hal Waterworks "A" Union Insurance.
134 20
Gula Kalumpong Rubber 15/71 Lon., Mid, & Scot, Rly. 13
Great Western Rly.
321
National Bank of India
32.
B.-A, Tob' (bearer)
89/41
B.K. & Sha! Bank (Ldn.
Reg.)
Dunlop Rubber
32/6
Bristol Aeroplane
9/9
H.K. & 8hai Bank (Col
Imperial Chemical Ind. 29/10)
Peg)
82
United Steel
21/71
Chinese Eng & Mining
Woolworths....
54/3
(bearer
16/3.
Marsman Investments
7/6
Chosen Corporation..
4/-
Western Holdings
9/6
Mercantile Bank of In-
Bub-Nigel
180
dia, £5, "G"
107
Shell *Trans & Trad.
Pekin Syndicate
2/-
(bearer)
38/9
B'bai Elec. Constr. Co.
15/-
•bid.
-Ex div.:
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Pasongera
TO-
SWATOW, SHANGHAI, TEINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers berth alongaüle the Roosevelt Terminal in the French Concession nt Shanghai,, where passengers and cargo are landed.
For further particulare
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOJIE GENERAL MANAGERS
BANKERS: The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok Ipoh
Bombay
Zaffor
Calcula
Kuantan
Handy
Katchi
Kota Bharu
Kua Epis
Colombo
Delhi
Galle
Hongkong
Kasia Trengganu Nadese
New York
Pek
Bangbon
Shanghai
Elml
Howrah Kuala Lumpur Singapore HONG KONG BRANCH: Evory, desoription of Banking and Ezebange Jonainama testimmtară.
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN A CURRENT ACCOUNTS pound in Local Car: revoy, and FIXED DEPOSITS roomivad. In Local Currency & BREBLING du terme that way be ascertainail on api ilration,
D. BENSON,
What do
you
Manager
Want?
If there is anything you want to buy or sell, try 2
*smal Classified advertise-
ment in the Hong- kong-Daily Press,
25 words $1.50 prepaid.
for 3 insertions.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT "OF CHINA ̈AS AN. INTERNATIONAL EXCHANGE
BANK
PAID UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres f the World, we are able to extern to our Clients special Tacilitim. for Domestic and Toreign Banking and Exchange.
Hand Office:-SHANGHAI Hong Kong-Branch:
4, QUEEN'S ROAD, O. South China Offices
CANTON
SWATOW
SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds nd other Publio Funds of tha hinese Government both at Home and Abroad.
SHOU J. CHEN.