PAGE 10-HONGKONG DAILY. PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
COMMODITY
MARKET REVIEW
(FROM PAYNE & CO.)
EXCHANGE | NEW YORK, Dec, 30,- 1940.
CLOSING QUOTATIONS SINGAPORE RUBBER
JANUARY, 7, 1941.
On London:-
Telegraphic Transfer, 1/2 7/
Bank Bills, on demand 1/2 7/8
Credits 4 months' sight
On Shanghal-
On demand .....................415
On-Singapore:-
SPOT JAN-MARCH
ས་་་་་་་་་
APRIL-JUNE
The market wga dull.
Previous Dec. 29
Close Opening Closing buyers buyers 37-3/4 37-3/4 37-3/4 37-5/8 37-5/8 37-1/a 36-3/8 38-3/8 36-1/4
Change
unch. of 1/8 off 1/8
The market will be closed on Wednesday, January 1, 1941 (New Year's day).
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
JANUARY, 7. 1941.
WEDNESDAY, JANUARY 8, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.
....... $50,000,000
Reserve Funds:
Sterling
INDIA, AUSTRALIÁ AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Röyal Charter, 1859
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£9,000,000
prietors
£3,000,000
HEAD OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reservs Liability of
Bar Silver per os.
Market Report
FROM ROZA BROS.
Tuesday, Jan. 7.
The price for Ready Silver was
quoted at 23.3/8 and Forward at NEW YORK COTTON 23.5710.
Silver advices reported January
the market as being quiet and March
featureless.
American Silver was May quoted at 34.3/4 for Spot,
The London/New York
rate was quoted at 402.1/2.
July
ero85- October
York/London was quoted at 403.- Spot 1/2.
Dal
MARKET
STERLING
Total sales Saturday:-33,100. bales. NEW YORK ROBBER March
Last Sale
STOCKS
Last Sale
Proprietors
.$90,000,000
Jan. 6
Jan. 6
Adams Express
Head Office-HONG KONG
7
Loew's, Inc.
341
LONDON RUBBER
On demand
............ 62 3/4
SP. O T
On Japan:-
JANUARY
On demand
103 1/2
FEBRUARY
On India:-
APRIL-JUNE
Telegraphic Transfer.
JULY-SEFT.
and demand
89 1/2.
Previous close Today's close
Alleghany Steel Co.
241
Loft Incorperated
18,
buyers 12. 12
buyers
Change
Alia Chalmers
36+
Mack Truck Inc.
322
Board of Directors: Hon. Mr. J. J, Paterson,
Aluminium Ltd.
720
Martin, Glen L.
301
++
Amer. Can
91
McKesson & Robbins, prd. 24
C. O. Roberts, Esq.,
12-1/8
Unreceived.
12-1/4
American Cyanamid B. ... Amer. Foreign Power
382
Montgomery Ward
381
1
Chairman.
Deputy Chairman,
M'inin City Copper Co.
37
101 1/2
7
46 3/1
149
Now, 23 3/8
NEW YORK, Jan. 8, 1941
On New York:--
Bank Bills on demand 23 3/8. Credits, 60 days' sight 24 1/
On Batavis:----
On demand
* 43 34
On Paris:
Bank Bills, on demand Nom.
Credits 4 months right Nom.
On Balgon-
On demand
On Manila:
On demand
On Bangkok:-
On demand ......
On Sterling Notes:-
Bank Buying Rate
The market will be closed or January 1, 1941 (New Year's day). NEW YORK COTTON: The market was firm on price-fixings and on scarcity of contracts. There is general belief 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 bulish.
a moderate scale. Sentiment
NOTE: All American markets will remain closed on tomorrow, Jan.
1, 1941 (New Year's day),
NEW YORK STOCKS: <Previous close, 130.11; Today's close, 131.04:
Change, up 1974
NEW YORK · COMMODITY MARKET
(REUTER'S SERVICE)
..... 12-1/4
Arber 3: Foreign $7 pr. amer, Locomotive .............. Amer. Metals Co.
161
National Aviation
10
J. K. Bousfield, Esq.,
164
Nat, Dairy Products
133
A. H. Compton, Esq.,
19
National Distillers
231
L. J. Davies, Esq.,
Hon. Mr. S. H. Dodwell,
Amer. Radiator
7
National Lead
171
1. Miskin, Esq.,
Amer. Rolling Mi
154
Nat, Fower & Light
61
K. S. Morrison, Esq.,
Amer, 8ting and Ring Co.
431
National Supply Corp.
B1
Amer, Sugar. Renning
151
New York Central
14
Amer. Tel & Tel.....
188
Niagara Hudson Power
34
Amer. Tobacco “B”
73
N. American Aviation
17
Amer, Waterworks
67
North American Co.
167
Anaconda Copper
27
Northern Pacific
81
Atchison, T. & S. Fe.
19
Owens-Illinois Glass Co.
477
Aviation Corp.
51
Pacide Gas & Elec
283
Amoy
Jobore
Baldwin Lecometive
18
Bangkok
Koba
Packard Motors
31
Batavia
Kowloon Sau
Hon. Mr. T. E. Pearce,
Hoa. Mr. A. L Shields,
38, Bishopsgate E.C.3. Sun-Agencies In London:
117/122, Leadenhall Street, E.C.a West End Branch; 14/16, Cockspur Street, 8.W'I Manchester Branch:
52, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES ·
HARDIN
TENANG HONG KONG BANDOON ILOILO
ALOR STAB AMBITBAR
BANGKOK BATAVIA
DOMHAY
CALOUTTA
AGENCIES: KOB CLIVE STRE** FAIRLIE PLACT
Vieleur M. Grayburn,
Chief Manager CANTON
Branches:
Rangoon Saxon
CAWNPORI
CENT COLOMBO DETEI HAIPHONG
KUALA
(Bhuket)
YOKÖNAMI
SAIGON
IFOR
HUBXWHĀN
KARAOK1 ELANG
SHANGHAI
BINGAPODA
SITIAWAN
SOURABAYA
LUMPUR
TAIPING
KUCHING
TIENTS1N'
MADEAS
TONGKAN
MANILA
MZDAN
IBINGTAL
NEW YORK
Baltimore & Ohio
31
Pan-American Airways
154
Bombay
Kuala"
Barber Asphalt Co.
10
Paramount Pictures
11
· Calcutta
Lampar
Shanghai
Francisco HAMBURG
HANKOW
Barnsdall Ol
94
Pennsylvania RR.
227
Canton
London
Singapore
Bendix Aviation
341
Philadelphia Bend, Goal
5/32
Chefoo
Lyona
Sourabaya
New York Cotton, Maṛch anna New York Rubber, March
Chicago Wheat, May
Chicago Corn, May New York Hides, March
...... Close
Prev. Today's High Low Close Close Change 10.43 10.37 10.40 10:42N 20.20 20.10 20.14b 20.18b 88-1/2 87-3/4 87-3/4 88-1/4 1/2 up 63-1/2 62-7/8 62-7/8-63-1/4 3/8 up 13.92 13.70 13.63 13.70
.07, up
Bethlehem Steel
87+
Phillips Petroleum
40%
Colombo
Malacca
Sungei
Buss & Co.
184
Public Service of N.J......
287
Dairen
Manila
.02 up
Bueing Airplane Co.
174
Foochow
Pullman Inc.........
201
Muar
.04 up
Borg-Warner
191
Pure Oll
81
Exiphong
Bankow
Briggs Mfg.
244
Radio Corpa, of Am.
41
Harbin
Budd M'facturing Corp.
સ
Reading Company, Com
132
Canadian Pacifc R'way
3
Remington Arms Co., Inc.
51*
Iloilo Ipoh
Patani Swatow (Jobors) Tientsin Mukden Tokyo New York Tsingtao Peiping Yokohama
Case, J.I
50
Opening
Closing
Change
Republie Aviation Corp.
5+
Celanese
201
10.29" N
10.20b
10,31 N
02 up
Republic Steel
22
Chesapeake & Ohlo
424
10.40/41
10.37/37
10.42 N
- .02
up
Revere Corp.
101
Chrysler Corps.
71
10.36/38
10.33/33
10.38/38
10.19/19
10.14/15
10.18/18
9.59/59
9.54/54
9.59 N
.02 up
.01 off
unch.
Reynold Tobac, "B"
33
Columbla Gas & Elec.
41
Safeway Stores.
- Cominercial Credit Co.
301
Schenley Distillers:
11
New December
9,56,56
9.50b
9.53/53
:03 of
Com, & Southern (Ord.)
13/1
Sears Roebuck
771
Consolidated Edison .....
221
10.41 N
10.38 N
.03 off
Shell Union Ol
11
Consolidated 011
51
Socony-Vacuum Ofl
91
Continental Can
394
Southern Pacific..
&$
Continental Of
191
20.14b/23a May
19.99/99 July (New contract)... 19,30b September (ditto)..... 19.68b
Total sales:-230 tons. CHICAGO WREAT
20.14b/18 20.18b 20.03/02 20.04b 19.85b 19.75b/87a 19.73a
19.73b
,04 up
Southern Rly $5 pfd.
211
.05 up
Copperweld Steel
184
Spicer Manufacturing Co. 37
קטן 05
Curtiss Wright (C.)
,90
Standard Brands
61
Curtiss Wright "A"
284
05 up
Stand Gas & Elec...
14
Deere & Co.
"211
Standard Oil of California
20
Distillers Corpn. Seagrams
171
Standard Ofl of NJ.
351
Penang
CURRENT ACCOUNTS opened
PELPING
(Peking)
FORK ON EXCRangs and Geneca) Banking Business "tfannacted.
CURRENT ACCOUNTS, opened and FIXED DEPOSITS received for One Year or shorter perioda in Local or Other Currencian at rates which will be quoted an application.
SAVINGS Accounts also opened in Local Currency and Sterling with | interest allowed at rates obtainaiza
on application,
in Local Currency and Fixed
The Bank's Head Otto in Londoa 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 Income Tax overmeid, ca application.
SAFE DEPOSIT BOXES various sizes to let.
terms which may be ascertained as
of any of the "Agencies and Branches.
R. A. CAMIDGE.
TRUSTEE and EXECUTOR business undertaken.
HONGKONG SAVINGS
BANK
The Business of the above Bank
Manager.
May July September
871/873
88/877
881/881
0-1/2 up
Douglas Aircraft
78+
Stone & Webster
74..
is conducted by the HONGKONG
BANK OF EAST ASIA, LIMITED
82/824
821/828-
827/821
0-1/2 up
Du Pont de Nemours
163"
Studebaker Com..
SHANGHAI BANKING COR-
821/822
831/831
0-1/2 up
Eagle Picher Lead
101
Swift International
18
Saturday's sales:-6,197,000 bushels.. CHICAGO CORN
Eaton Mig. Co.
35+
Technicolor
$1
ed on application.
Elec, Autolite
33
Texas Corpn.
391
May
63/627
63/623
631/63%
0-3/8 up
Bec, Bond & Share
11.
BANKING CORPORATION.
Texes Gulf Sulphur
37
at July
623/621
627/827
63 b
September
62jb
623/621
0-3/8 up 0-1/4 up
Elec. Bond & Share $5 pf.
55*
Timken-Axle
331
Hec Bond & Share $6 pt.
631"
V. M. GRAYBURN,
Chief Manager.
Trans-America Co.
1
NEW YORK HIDES
Elec. Power & Light $ĩ pf.
32}
Hong Kong 25th Feb., 1930,
20th Cent. Fox.
7.
March
June
13.70/70 *13.43b/44a
.07. up
Finkste
..141
Union Bag & Paper Corp.
121
.10 up
Gen. American Trans.
55/
Union Carbide & Carbon
701
THE CHASE BANK-
Gen. Electric
348.
Union Pacine
80
Gen. Motors
481
United Aircraft 4..
43
.|
May
4.96b/5.03a 5.02b/04a
4.91/91 4.97 N
.07" of
Gen. Rallway Signal
141*
United Airlines Trans
184.
.07
of
Gen. Tire & Rubber
121
United Corpn
14
HEAD OFFICE:
Glidden Co.
131
United Corpn. $3 cum pi.
28
Goodrich (BF)
14
1.99b/2.00a 2.030/04a
1.98b/99a 2.025/03a .01 off
201 of
United Gas Corpn.
13/18
621*
Goodrich $5 pt.
United Gas Improvement
10%
Goodyear Tire & Co.
194
U.S.. Industrual Alcohol.
261.
18, PINE STREET,
NEW YORK. An American Bank offering com- plete Foreign Banking Service
Great Northern Iron Ore ..
151
U.8. Rubber
22
.72/73 75/76
51/.72 74 N
.014 0 .00% off
Great Northern Rly, ptd.
281
US. Rubber $8 prd,
67
in the principal Markets of the world.
مركم
Great Western Sugar ......
201
U.S. Smelting
04
Interest Rates on Application, sca
PORATION. Rules may be obtain | Authorised Capital.....$10,030,1000, 00
For the HONGKONG & SHANGHAI Reserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Director.
812 SHOPHON Cnow, Chairman
15, QUEEN'S ROAD, CENTRAL Koon Chun, Baqi Li Lan Sarg, Esq.
P. H. Kwok, Esq.
Wong Tan Tong, Esq.
Cban Ching Shok, Baq.
Wong Chu Sor, Esq.
Fang Ping Wah Esq.
KAN TONG PO, Esq., Chief Manager LI Tan Foxo, Esq., Manager
Branches and Agencies:
Penak Singapore Hangoon
Melbourne Bad Fran. Sydney
Paid-Up Capital
Pordts
سيا
Amoy
Korloon
BEYAVIK
Loudon
Bombaş
Manila
Balgoa
Greyhound "Corpn.
11
U.S. Stee!
691
Hercules. "Powder Co.
714
Vanadium
33
Homestake Mining
511
11,00b/12a 11.12b. 11.00b/17a 11.18/18
34-3/4 4.03-1/2
.02 up .03 up
Vultee Aircraft
31
Irit Nickel
247
Walworth Co.
6
Inter. Paper & Power int, Tel, & Tel
141
Warner Bros. Pict.
31
3
Weatinghouse Elec,
104
(Brit. Stpd. Supl. Loan) 15 Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan) Jap. 8% Ster. Loan, 1924 31 Ger, 7% Intl. Loan, 1924 53 Chartered Bank
Kennecott Copper
Lakey Foundry & Mac. Libbey-Owens-Ford Lockheed Aircraft
361
Woodward Iron Cor.
324
4*
Glass
45
271
Chase National Bank National City Bank
33**
281*
15
DOW JONES AVERAGE
HK, & Shal Bank (Edn)
Reg.)
"1940
76
K. & Shai Bank (Col Reg] Chinese Eng. & Mining
(bearer
Continued Page 11. Col. 1
$2
· 32.07.29,16 20 20.45 91:01
18.03 20
Righ Low Dow Jones Averages 152.80 111.84 30 Industrials
Rails Utilities.
28.40
Jan. 7, 1941. High Low Close 133.68 132.42 132:83 28.60 28.33 28.40
Change Jan. 4, 132.40
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BANE, New York, with Resources of
over U.E.$2,000,000,000.′
D. M. BIGGAB,
Second Vice Presi.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offco:-15, Gracechurch Street,
tondon, ECA,
Shangha
Every description of Banking and Exchange business transacted. Loam granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits t caived for
one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted an application.
SAFE DEPOSIT Boxes To LET.
KANTONG PO,
Chief Manager.
Halphong. Hankow Bosolala
Nagasaka
New York Bultile
Lobe
Paris Polping
Semarang
43 up
Authorised Capital"
קס 04,
Subscribed Capital
Pild-up Capital
19.90
20.12 19.88 20:05
Ibup
Reserva Fand and test,
£3,000,000
£1,800,000
21,050,000
£1,254,639
16/3
83.06 40 84.07 48.47 11
Bonds
90.89
Commodity Index
67.19
90.93 57.40 Business Done: 720,000 shares
11 up
21 up
were sellers at 1/231/32 There
at 1/3 buyers January/April, February possibly Cash.
U. S. DOLLARS No business was reported. Smail sellers at 23.11/18 Cash, buyera bidding 23.3/4 for Cash
SHANGHAI DOLLARS Business was arranged at 424.-
Closed 1/2
with sellers 424.1/2 buyers at 425.1/2.
SHANGHAI MARKET Sterling at 3.17/32 and U, `S. Dollars at 5.9/16, both sellers for Spot.
-AFTERNOON MARKET Quiet in the afternoon.
STERLING
There were sellers at 1/2.31/32 at 1/3 January/March, buyers
February, probably Cash
U. S. DOLLARS. "
13.63/63 13.70/70 13.33b/35a 13.45/42
Total sales for the day:-163 contracts, NEW YORK COCOA March
4.98 N 5.04 N NEW YORK SUGAR NO. 3: March May
Volume of business done:-254 lots NEW YORK SUGAR NO. 4:
* 721/73
...75/.78
Some business was arranged at March 23.11/16 for Cast.. Closed With May
sellers at 23.5/8 for Cash, buyers Volume of business done:-44 lots.
at 23.11/16 Cash.
NEW YORK COPPER FUTURES March
SHANGHAI DOLLARS Sellers at 427, buyers at 428 "for July Spot.
SHANGHAI MARKET Sterling at 3.33/64 and U. S Dollars at 5.17/32 both sellers for Boot
Shanghai Exchange
Shanghal, Jan. 7 (Reuter).
Omcial TT. Batér
Opening 0/3-7/16 5-7/16 23-1/8
London
New York
19
Japati
India
Paris...
Hongkong
nominal 22-7/8
Sterling
Sellers
Opening
Closing
Spot
Jan,
0/3-17/32 0/3-1/2 0/3-17/32 0/3-1/2
Feb,
073-33/64 0/3-31/64
Spot
Jan.
Feb.
$5-9/16 $5-17/92 5-9/18 5-17/32 5-19/32 5-1/2
U.S. Dollars
Market:-Uncertain,
Silver Duty Rate
me Central Bank of China's rute in London at 10 am today. Was 1/2-1/20
The Equalisation rate was 24 per cent.
India Rupee Paper
Bombay, Jan. 6 (Reuter). Govt. 34% Rupee, 94-02-0,
Calcutta Exchange
Calcutta, Jan. 8 (Reuter). T.T. on Japan, 81-1/4.
· LONDON GOLD
London, Jan. 6 (Router). Bar Gold, Fine per oz, 183/-
11.10b/123
11.15/15
NY. Official Silver unquoted NY-London Cross Rate 4.03-3/4
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Jan. 6. 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.
103
101-1/18
after 1952) Defence Loan, 3% Janton-Kloon, Rly. 6% 13 Chinese 41% Gold Lan
1898 (Brit. Issue Chinese 5% Gold Bonda,
1925/47
hin. 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Lean.
1912 Chinese 5% Reorg, Loud
1913 (Ldn. Is.) Chinese 8% Ster. Noter,
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
44
42-47
45
TO-
བྷཝཱ ཋ
34
Operating Services for Carzo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and, TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANO and CALCUTTA ·
SANDAKAN
HAIPHONG
All steamers berth alongside
the Roosevelt Terminal in
1925. (Vickers) ..........
10
Chin. Imperial Rig. 6%
Loan
47
Honan Riy, 5%
184.
| Húkuang Rly 5%, 1311.
the French Concession at
(L.P. N/Y Issue)
16.
Shanghai, where passengers
Hukuang Rly. 5%; 1911
and cargo are Janded,
• (German Issue)
13
| Lung Tsing & U Hai
For further particulars
Rly. 5% 1913
14
please apply to
S'hai-N'King Rly. 5%
16.
Tiertain-Pukow Rly, 5%
(Brit, Stpd.)
15
Tientsin-Pukow Rly. 5%-
(German Stpd.) ..... 15 Tientsin-Pakow Rly. 5%
BANKERS:
The Bank of England and Midland
Bank, Ltd, BRANCHES:
Kuala Trenggan Badrub New York
Brockok Ipol
Bombay
... Jeffas
Kemban
Kandy
Pena
Kamih!
Kots Bhara
Calentía Colombo Dalhi
Galle
Hongkong · Rasta hipe
Howrah
Hangoon
Shanghai
Simla
Emala Lumpur Jingapore
HONG KONG BRANCH:" Every demription of Banking and Eachsage basizes transacted,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
CURRENT 100OUNTS pased in Local Our randy and FIXED DEPOSITS masived in Locai Currency & STERLING od terms that may askertaljvid on app Xcution.
D. BENSON.
Maaajur
What do
want ? you
If there is anything you want to buy or
a sell; try
small Clamided
advertise- ment in the Hong- kong Dally Press.
JARDINE MATHESON&Co.,LTD 25 words $1.50 prepaid
TELEPHONE ZOZIL •GENERAL MANAGERS -
for 3 insertions.
5,598,800.00
..2,983,281.50
Bourabaya
Swatow
THELONY, B
BANK OF CHINA
couver
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL "EXCHANGE
BANK PAID-UP CAPITAL 340,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend our Clients spécial facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI Hong Kong Branch:
4, QUEEN'S Road, u. South China Offices:
CANTON
SWATOW BHTUCHOW
KONGMOON TOISHAN KINGCHOW We also handle the 'issue of Bondi and other Public Funds of the Chinese Government both at Home and Abred.
SHOU J. CHEN,
Martager.