37-3/4 37-5/8 37-5/8 37-1/2 36-3/8 36-5/8 | 36-1/4
37-3/4... 37-3/4
unich.
of 1/8 off 1/8
STOCKS
The market was dall,
415
The market will be closed on Wednesday, January 1, 1911 (New Year's day).
Adams Express
Alleghany Steel Co.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
* COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
MONEY AND EXCHANGE
NEW YORK, Dec. 30, 1940.
JAN-MARCH
CLOSING QUOTATIONS | SINGAPORE RUBBER
JANUARY B. 1941
On London:----
Telegraphic Transfer. 1/3 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight
On Shanghai -
On demand
SPOT
APRIL-JUNE
Previous Dec, 29
Close Opening, Closing Change buyers buyers
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
JANUARY 3, 1941
SATURDAY, JANUARY 4, 1941.
BANKS
& SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
HONGKONG
BANKING CORPORATION
Authorised Capital... $50,000,000
AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1850
Reserve Funda:
Paid-Up Capital £6,500,000 Reserve Fund
Sterling
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of
£3,000,000
59,000,00€
Last Sale
STOCKS
Last Sale
Proprietors
$90,000,000 ||
Jan, 2
prietors
....£3,000,000 HEAD OFFICE: LONDON:
Jan. 2.
61
Loew's Inc.
Head Office:-HONG KONG
321
24+
Loft Incorporated
181
On Singapore:-
LONDON RUBBER
On demand
02 3/4
buyers
Previous close Today's close
buyers"
Allis Chalmers
351
Mack Truck Inc.
301
Change
Aluminium Ltd.
70°
Martin, Glen L.
30
Board of Directors: Hoa. Mr. J. J. Paterson,
On Japan:-
Amer.. Can.....
891
SPOT
12
McKesson & Robbins, pid. 25
On demand
LOZ 1/2
JANUARY
12
American Cyanamid B.
378
Montgomery Ward
371
On India:-
FEBRUARY
12-1/8
Unreceived
Amer. & Foreign Power
I
M'tain City Copper Co.
Chairman. 0. C. Roberts, Esq.;
Deputy Chairman
3+
Telegraphic Transfer. and demand
JULY-SEPT.
Or Manila:--
On demand
On Bangkok:-
40 3/4
........ 149'
Now. 23 5/16
Friday, Jan. 3.
quoted were
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Süver per oz.
Market Repor
"FROM ROZA BROS.
Silver prices
at New York Cotton, March 23.1/4 for Ready and 23.3/18 for New York Rubber, March
Forward. American Silver was
Chicago Wheat, May
On New York:—
82 1/2 APRIL-JUNE
Bank Bills, on demand 23 3/8 Credlis, 80 days' sight 24 1/8
On Batavia-
On demand.............. 43 3/4
On Paris:-
Bank Bills, on demand Nom. Credits 4 months' sight Nom..
On Saigon:-
On demand ............. 101 1/2
The market will be closed on January 1, 1941 (Néw Year's day). NEW YORK COTTON: The market was firm on price-fixings and
ori scarcity of contracts. There is general bellef. 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
inclines to be slightly bullish.
NOTE: All American markets will remain closed on tomorrow, Jah.
1, 1941 (New Year's day),
NEW YORK STOCKS: Previous close, 130.11; Today's close, 131.04;
Change, up .97.
NEW YORK COMMODITY MARKET
Barber Asphalt Co. Barnsdall Ou
12-1/4
Amer & Foreign $7 pt.
16
National Aviation
10
"J. K. Bousfeld, Esq.,
12-1/4
Amer. Locomotive
16
Nat, Dairy Producta
134
A. H. Compton, Esq.,
Amer. Métals Co.145
181
National Distillers
23+
L J. Davies, Esq.,
ALOR STAR
Amer. Radiator .....
61
National Lead
Hon. Mr. S. H. Dodwell,
174
Amer. Rolling Mil
147
Nat. Power & Light
G. Miskin, Esq.,
87
Amer. S'ting and R'ing Co. 42)
National Supply Corp.
K. S. Morrison, Esq.,
57
Amer, Sugar Refining
15
New York Central
137
Amer. Tel. & Tel
168
Niagara Hudson Power
3
Amer. Tobacco "B"
718
N. American Aviation
184
a moderate scale. Sentiment
Amer, Waterworks Anaconda Copper Atchison; T. & 8. Fe. Aviation Corp. Baldwin Lecometive Baltimore & Ohio
61
North American Co.
161
261
Northern Pacific
61
Branches:
18
Owens-Illinois Glass Co....
431
47
Pacific Gas & Elec
271
Awoy
Johore
181
Packard Motors
31
Bangkok
Kobe
Baliguon Saigon
Batavia
31
Kowloon San
Pan-American Airways
151
Bombay
Kuala
Francisco HAMBURG
91
Paramount Pictures "
101
Calcutta Lumpur
8
Shanghai HANKOW
Pennsylvania RR
227
Canton
London
Singapore
Bendix Aviation
33
Philadelphia Read, Coal
*
Chefoo
- Lyons
Sourabaya
bethlehem Steel
861
Phillips Petroleum
40
telemto
Malacca
Sungei
Bliss Co,
183
Public Service of N.J.
29
Dairen
Manila
(REUTER'S SEKVICE)'
doeing Airplane Co.
171
**
Pullman Inc..
254
Foochow
Muar
Patani Swatow
NEW YORK, Jan. 2, 1941.
Borg-Warner
184
Pure Oil
81
Haiphong
(Johors) Tientsin
20.20
High Low 10.48 10.40 20.00 87) 801
Prev. Today's
Close Close Change 10,43 10.42 20.12b 20.20
Briggs Mig.
244
Bankow
Radio Corpn. of Am.
41
Mukden Tokyo
Budd M'facturing Corp.
5
Harbin
Reading Company,
Com
13).
Iloilo
.01 off
Canadian Pacific R'way'
34
Remington Arms Co., Inc.
51°
Ipoh
.08
up
Case, I...............
541
Republic Aviation Corp.
87
87
unch
Celanese
27
Republic Steel
211
quoted at 34.3/0 for Spot.
The London/New York
Chicago Corn, May New York Hides, March
631
6211
631
621
1 off
Chesapeake & Ohio
拉
223
Revere Corp.
10%
13.45 13.19
13,05
19.25b .20 up
Chrysler Corpo,
'691
cross
Reynold Tobac. "B"
321
1/2.
MARKET
STERLING
Cash
U. S. DOLLARS
rates was quoted at 402.1/2. New NEW YORK COTTON
York/London was quoted at 403-January
Extremely dull.
There were sellers at 1/2.31/32 | Spot January/March, buyers at 1/3.1/32
Total sales Tuesday: 86,800 bales. NEW YORK RUBBER January
Columbia Gas & Elec.
41
Close
Opening
Closing
Change
Safeway Stores
44
Commercial Credit Co.
201
Schenley Distillers
101
10.31 N
10.37/37
10.32 N
.01. up
Com, & Southern (Ord.)
13/16
Sears' Roebuck
777
March
May
July
October
December
10.43/43 10.38/38
10.45/45
10.42/42
.01 of
Consolidated Edison.
22}"
Shell Union Oil
114
10.40/40
10.37/37
.01 off
#
Consolidated Ol
57
Socony-Vacunum of
&
10.18/20
9.63/64
10.19/18
10.16/18
.02
off
Continental Can
381
9.83/83
9,58 N
Southern Pacific
8
9.59 N 10.43 N
9.80/60
9.54 N
.05
..05 off
off
Continental 'ON
191
Southern Rly $5 pid.
202
SAFE DEPOSIT BOXES various sizes to let. and TRUSTEE business undertaken.
EXECUTOR
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L. Shield
Sir Vandeleur M. Graybure,
Chief Manager.
New York Tsingtao
Paiping Yokohama Penang
IPON KARACHI KLANG
AGENCIES: KOBE
CLAVA ÜRET PARLIE PLACK CANTON CAWNPOES CEBU COLOMBO DELHI HAIPHUNG
KUALA
KUCHING
MEDAN
NEW YORK PIPING
(Peking)
TIENTSIN TONGKAR
(Bhuket)
TE INSTAL
TOKOHAMA
FOREIGN EXCHANGE And General Banking Business transacted.
CURRENT A0000rs opened and FIXED DEPOSIT received for One Year or shorter periods in. Local or Other "Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainaul
CURRENT ACCOUNTS opened or application.
in Local Currency and Fixed
The Bank's Head Office in London Deposits 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 lucome Tax overned, on application,
terms which may be ascertained at of any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
AMBITUAR BANGKOK BATAVIA BOMBAY
38, Bishopsgato E.C.?.
Sub-Agencies In London: 117/192, Leadenhall Street, E.C.a West End Branch:
14/18, Cockapur Street, S.WI Manchester Branch: 62, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES
HARBIN PENANG TIN CÙNG KANGOON
ILOIL
CALCUTTA
SAIGON
BERIMBAN
SHANGHAI
SINGAPOR
SITIAWAN
30U BABAYA
LUMPUR
TAIPING
MADRAS
1
MANILA
Copperweid Steel
181
10.42 N
spizer - Manufacturing. Co.
3741
01 off
Curtis Wright (C.)
91
Standard Brands
62
Curtiss Wright "A"
29
Stand Gas & Elec.
1*
Deere & Co.
20/
Standard Oil of California
18
There
March
20.35b 20.12b 20.00/00
20.55a
buyers at 23.3/4 Cash.
July (New.contract)... 19.856 Total sales:-160 tons. CHICAGO WHEAT
20.35b 20.20b/252 20.20/20 20.055/10a 10.95b
Distulera Corpn. Seagrams
18
unch.
Standard Oll of NJ.
344
:00 up
Douglas Aircraft
20.08/08 19.90b
.08 up
Du Pont de Nemours....
.05 0
Eagle Picher Lead
Eaton Mfg. Co. ....
Elec, Autolite
lee Bond & Share
874/87
871/87
871/87
unch.
ice. Bond & Share $5 pf.
July
821/82
82/811
821/82
Bec Bad & Share $6 pí.
September
821/823
821/821
Tuesday's sales:-7.128,000 bushels.
Elet. Power & Light $7 pf.
Flintkore
CHICAGO CORN
Gen. American Trans.
May July
631/631 631/834
621/63"
of
Gen. Electric
621/63
621/627
September
622/621
623/622 621/621
off
Gen Motors
off
Gen. Railway Signal
Gen. Tire & Rubber
NEW YORK HIDES
March June
Glidden Co.
•13.05/05
.12.85b.
12.97b/13.15a 13.25b/26a 20.
12.75b/854 13.01/01
Goodrich (B.F.)
.18 up
Goodrich $5 pt.
Total sales for the day:-121 contracts.
Goodyear Tire & Co.
34-3/4
4.03-1/2
Great Northern Iron Ore
Great Northern Rly, pfd.
Great Western Sugar
426...
Greyhound Corpn.
Hercules Powder Co.
Homestake Mining
Int Nickel
London, Jan. 2 (Reuter).
Inter. Paper & Power
Calcutta, Jan. 2 (Reuter).
Dec. 20 Dec, 27
Int, Tel. & Tel
Kenrecott Copper Lakey Foundry & Mac. Libbey-Owens-Ford Lockheed Aircraft
Ready Jan. 22 Settlement February
1940
No business was reported... were sellers at
23.11/18 Cash May
SHANGHAI DOLLARS
Small business was arranged at 426.1/2 and 426.1/4. Closed with May
sellers at 425.1/5 for Spot,
AFTERNOON MARKET
The market was dull in the afternoon, nothing doing.
STERLING
The market closed with sellers
at 1/2.31/32 January/March, 'buy ers, at 1/3.1/32 Cash.
U. S. DOLLARS
. The market closed with sellers 2311/16 for Cash, buyers at 93.3/4' Cash.
SHANGHAI DOLLARS
Calcutta Exchange
Calcutta, Jan. 2 (Reuter).
'T.T. on Japan, 81-1/4.
LONDON STOCK
EXCHANGE
(REUTER'S „SERVICE)
London. Jan, 2. The following quotations are the middle prices at the close of the markët in London. All' quotations| are subject to confirmation' and no responsibility is assumed for errors in transmission.
War Loan, 31% (Red,
after 1952) ...
NY. Official Bliver 34-3/4 NY-London Cross Rate 4.03-1/2
SILVER MARKET RESERVE, BANK OF
LONDON SILVER
Spot, 23-1/4.
Forward, 23-3/18.
BOMBAY SILVER
Bombay, Jan. 2 (Reuter). Market Quiet but steady. Of- take 100 bars.
Indian Mint Silver
tentsin-Pukow Rly. 5% Ger. Stød, Supl. Loan)
INDIA STATEMENT
Notes in circulation
(including Notes held in the Bank- ing Department)... 25,550 25,518 Rupee Coin and Bul-
2,987 2.965
Government) ....... 13,150 13.150)
(Figures in Lakhs of Rupees).
Low Dow Jones Averages Fligh 15280 111,84 30 Industrials
Rails 32.67 22.15 20 26.45 18.03 20
Utilities 91.01 83.08 .40 84.07 48.47 11
Bonds
Commodity Index
Business Done:—530,000 shares
BANKERS:
The Bank of England and Midiend
Bank, Ltd. BRANCHES;
INDO-CHINALLE
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
62-01 62-00 62-00
lion in IndiaTM Gold Coin and Bul-
lion in India
4.4414,441
Securities
(Indian
Government)
4,861
4.901
Securities (British
15
Defence Loan, 3%
103-3/18 101 Janton-Kloon Rly, 5% 13
| Jap. 0% Ster. Loan, 1924 31:
er. 7% Intl. Loan, 1924 53 Chartered Bank
BI
Chinese 41% Gold "Luan,
A.K. S'hal Bank (Ldn
Reg.)
'TI
1898 (Brit. Issue
44
?
Chinese 5% Gold Bonds,
1925/47
H.K. & Shal Bank (Cal.
Peg)
82
42-47
Chin: 4% Anglo-French
Loan, 1908
45
Chinese Eng & Mining
(bearer) Choken Corporation
18/3
4/.
Chinese 5% Crisp Loan.
1912
28
Mercantile Bank of In-
dia. £5, "G"
Chinese 5% Reorg. Loan,
Pekin Syndicate
1913 Ldn. Is.)
34
S'hai Elec. Constr. Co.
201 2/- 15/-
TO-
SWAT
Chinese 3% Bter. Notes,.
S'hal Waterworks "A"
131
1925 (Vickers)
10
Unfon Insurance
20
Chin. Imperial Rly. 5%
Loan
Gula Kalimpong Rubber 16/3
47
Lon., Mid, & Scot., Rly. 134
Honan Rly, 5%
184
Great Western Ely,
321
Hukuang Rly 6% 1011...
National Bank of Indla 32-
(LP, N/Y Issue)
15
B.-A. Tob (bearer)
89/41
Hukuang Rly 5%. 1911
Dunlop Rubber
32/71
.German Issue)
13
Bristol Aeroplane
9/9
Lung Tsing & U Hal
Imperial Chemical Ind. 29/103
Rly 5% 1913
14
United Steel
21/101
Shai-N'King Rly. 6%
16
Woolworths.
"Tentsin-Pakow Rly. 6%
Marxman Investments
53/7)
7/8
(Brit, atpd.)
Western Holdings
9/8
Tientsin-Pukay Rly. 5%
Sub-Nigel
155
(German Stpd.):
15
Shell Trans
Trad.
Tientsin-Pukow Alv, 6%
.... 40
(Brit. Stpd. Supl. Loan) 15
-ex, div.
+45
(bearer)
"mmbla,
SHANGHAI TSINGTAU, CHEFOO
And TIENTSIN
KOHE and OSAKA
SINGAPORE, PENANG and CALCUTTA :
- SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where passengers and cargo are landed.
1
For further particulars
please apply tomm
HONG KONG BRANCE:
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 TRUSTEE AND EXECUTORSHIP in China and connections in the
Every description of Banking and Exchange businese transacted.
1- UNDERTAKEN
principal Commercial Centres of OURBEST ACCOUNTS opened in Local Car-the World, we are able to extend
ronny and FIXED DEPOSITS rassivad in Local
ssocrtalnest on application.
O30) & STEELING on terms, that may is
D. BENSON,
What do
to our Clients special facilities for Domestic and Foreign Banking and Exchange.... Managar
you want ?
If there
is "anything you want to buy or sell,
a try
small Classified advertise- ment in the Hong. kong Daily Press.
JARDINE MATHESON&Co.,LTD. 25 words $1.50 prepaid
TELEPHONE SOJII GENERAL MANAGERS
for 3 insertions.
Head Office:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, 0. South China Offices:
CANTON SWATOW
|SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager,
77}
Stone & Webster
73
163
Studebaker Com
7#
10}
Swift International
174
34
Technicolor
91
33
Texas Corpn. ·
393
37"
Texes Gulf Sulphur
371
551-
Timken-Axle ".
32
65
Trans-America Co.
47
32
Hong Kong. 28th Feb., 1930.
20th Cent. Fox
61
144
Union Bag & Paper Corp.
121
541
Union Carbide & Carbon
691
THE CHASE BANK
234
Union Pacific
774
452
United Aircraft
42
141
United Airlines Trans
16
11*
134
United Corpn."
12
HEAD OFFICE:
13
United Corpn. $3 cum pt... 29. United Gas Corpn.
621*
United
Gas Improvement 97
19
U.S., Industrual Alcohol.
241
15
U.S. Rubber
211
26
US. Rubber $8 pfd.
85
197
114
US Smelting
64
Interest Rates on Application,
707-
US. Steel
63
Vanadium
33
511
Vultee Aircraft
81.
231
144
Walworth Co.
51
21*
Warner Bros. Pict.
31
Westinghouse Elec.
1041
364
Woodward Iron Cor..
32*
41
Glass
43+ 27
Chase National Bank National City Bank
333*
28++
DOW JONES AVERAGE
131.13
Jan 3, 1941. Dec. 31, High Low Close 131.88 130.39 130,67
Change
..be off
98,13
∙18.85 90.90
28.32 28.00 28.03 20.10 19.80 19.86
Subscribed Capital
.10 off
23,000,000
... £1,800,000
21,000,000
67.09.."
01 up .90.82 ..0% off 07.08: .01 off
HONGKONG SAVINGS
BANK.
The Business of the above Bank. is conducted by the HONGKONG £ SHANGHAI BANKING COB- PORATION. Rules may be obtain-
ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
BANK OF EAST ASIA, LIMITED
Authorized Capital...$10,000,000.00 Paid-Up Capital Reserve and Undivided'
Porüts
5,588,800.00
.................2,983,261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Director.
SIE SHOWSON Crow, Chairman
15, QUEEN'S ROAD, CENTRAL Li Koen Chan, Esq. Li Lan Seng, Esq.
18, PINE STREET,
NEW YORK
An American Bank offering com
plete Foreign Banking Service in the principal Markets of the world,
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources of
over U.S.$2,000,000,000,
D. M. BIOGAR,
Second Vice Press.
THE MERCANTILE BANK OFINDLI, LIMITED
Head Omce!mi5, Gracechurch Street, London, EC.3
Authorised Ospitat
Paid-up Capital
P. K. Kwok. Raq. Wong Chu Son, Esq. Wong Yun Tong, Esq. Fang Ping Wah Esq. Chan Ching Shok, Kaq.
KAN TONG PO, Esq., Chief Manager LI Tax Fona, Esq., Manager
Bombay
Branches and Agencies:--
Ko loo
Blogaparo Loudon Kangoon Sourabaya Manlia Saigon Bwatow Caloutta Melbourne Aan Fran. Hydroy Halphons
Hansow Henglalu
Kobe
Blow Fork Seattle' Padr
Poplar Stanghal
Every description of Banking and change business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter periodi in Local and Foreign Cur rencies од terms which will be
quoted on application..
SAFE CEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
mo
Batavia
N
CORTAT
Belakang
Reserve Fand and Rest,