High Low
New York Cotton, March New York Rubber, March Chicago Wheat, May Chicago Corn, May New York Hides, March NEW YORK COTTON
10.40 10.38 19.00
19.30
Close Close Change 10.39. 10.36 .03 of 19,63 19.52b 11 of
861. 861
867
unch.
63 13.05
63
$38
631
7 of
"
12.97
13.00
Close
Closing
Change
March
10,39/40
430
10.40/40
10.36/37
.03 off
"Adams Express
May
10.44/44
10.44/45
10.41/42
.03 off
Alleghany Steel Co.
52 3/4
July
-10.33/33
October
9.93 N
9.87/87
10.33/33 10.31/31 9.92/92 9.89/89. 9,86/86 9.83/83
02 off
Allis Chalmers'
.04 off
Aluminium Ltd,
.04 off
Amer. Can
..
American Oyanamid B.
Transfer
Amer. & Foreign Power
82 1/2
Last Notice Day for January Cotton is January 23, 1941 (Date of Delivery).
Amer & Foreign $7 pt.
On New York:-
Amer. Locomotive
Bank Bills, on demand 23 3/8 Crediis, 60 days'. aight 24 1/5
NEW YORK RUBBER March
JI
Amer. Metals Co.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
"JANUARY 20, 1941.
On London:-
Telegraphic Transfer, 1/2 7/+ Bank Bills, on demand 1/2 7/8 Credits 4 months' sight:
On Shanghal:-
On demand
On Singapore:-
On demand
On Japan
On demand
On India:-,
Telegraphic
and demand
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Opening
1 1/2 December
Total sales Friday:-63,000 bales.
Prev. Today's
NEW YORK STOCK EXCHANGE
STOCKS
QUOTATION
(REUTER'S SERVICE)
JANUARY 19, 1941.
TUESDAY, JANUARY 21, 1941/
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $50,000,000
INDIA, AUSTRALA
AND CHINATM
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:
Paid-Up Capital ..... £8,300,000 Reserve Fund
Sterling
....£3,000,000
£9,000,000
prietors...
...£3,000,000
HEAD OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability, of"
Proprietors
33, Bishopsgate E.C.? Sab-Agencies In Landon; 117/122, Leadenhall Street, E.C.B West End Branch; 14/18, Cookspur Street, S.W 1 Manchester Branch:
52, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES
ALOR STAB
HONG KONG PENANG
Last Sala
· STOCKS
Last Sale
...$20,000,000
Jan. 18
Jan. 18
Loew's Inc.
Head Office:-HONG KONG.
3-2
23"
Loft Incorperated
.18
33
Mack Truck Inc.
31/
73
Martin, Glen L
Board of Directors: Hon. Mr. J. 3: Paterson,
291
001
McKesson & Robbins, p14. 251
341
Montgomery Ward
C. C. Roberts, Esq.,
37"
Chairman,
Demity Chairman,
16
M'tain City Copper Co.
31
201
National Aviation
93"
J. K. Bousfeld, Eng.,
151
Nat, Dairy Products
13
4. H. Compton, Esq.,
181
National Distillers
L. J. Davies, Esq.,
231
On Batavia-
On demand
On Paris:-
43 3/4
19,63 63 19.50b/54a May July New contract)... 19.40/40 September,
} 19.25b/30a
19.62b/703 unquoted 19.45a 19.30a
19,526
.11 of
Amer. Radiator
61
National Lead
17
Hon. Mr. S. H. Dodwell,
1941 N
:09 off
Amer. Rolling Mill
Nat, Fower & Light
71
19.30/30 19.15 N
.10 off
Amer. 8'ting and Ring Co.
42)
National Supply Corp.
6 "
. Miskin, Esq.,
E. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
.10 off
Amer. Sugar Refining
15
New York Central
141
Bank Bills, on demand Nom. Credits 4 months' right Nom.
On Salzon:-
On demand
On Manila:—
On demand
Amer, Tel, & Tel
1578
Total sales:-160 tons CHICAGO WHEAT
Niagara Hudson Power
31
Amei. Tobacco. “B”
75
N. American Aviation
Hon. Mr. A. L Shield, Sir Vandeleur M. Grayburn,
161
Amer. Waterworks
62
North American Co.
161
........... 101 1/2 May
867 87.
661/87
887 867
unch.
Anaconda Copper
251
Northern Pacific
7
Branches:
July
-812/811..
8177814
81/81
1 oft
Atchison, T. & 8; Fe.
22)
Owens-Tilinois Glass Co.
454
40 3/4
September
821/821
813/817
of
Aviation Corp. ....
41
Paclic Gas & Elec
284
Amoy
Johore Rangoon
On Bangkok:-
Oc demand
On Sterling Notes:-
Bar Silver per oz.
Friday's sales-4,795,000 bushels.
Baldwin Lecometive
17
Packard Motors
31
Bangkok Kobe
Batavia
Kowloon San
i 19 1/2
Baltimore & Ohio
44
CHICAGO CORN
Pän-American Airways
141
Bombay
Kuala
Barber Asphalt Co.
91
Paramount Pictures
10%
Calcutta
May
23 1/4
July
September
| NEW YORK HIDES
March June
MARKET
1,996/2,008 2.04b/052 Volume of business done:-126 lots NEW YORK SUGAR NO. 42 March May
Merch
July
U. S. DOLLARS
, at 23.3/4 Cash,
Chin. 44% Anglo-French
Loan, 1908
42.47
45"
Chinese 5% Crisp Loan.
-1012
264
at
1813 (Ldn IS.) Chinese 8%. Ster. Notes,
1925 (Vickets) Chin. Imperial Rly, 5%
Loan
34
10
47
17
Bank Buying Rate. Now.
Markel Repor
FROM ROZA BROS.
Monday, Jan. 20.
were unchanged Silver prices over the week-end, the quotationsi remaining at 23.1/4 for Ready and 23.3/18 for Forward. American Silver was unquoted.
Total sales for the day:-24 contracts NEW YORK COCOA March May
NEW YORK SUGAR NO. 3:
The London- New York cross-March rate was quoted at 402.1/2. New May York-London was quoted at 403.-
1/4.
Quietly steady.
STERLING
There were sellers at 1/3 Jan- uary/Marit, buyers at 1/3.1/32
Casti
U. S. DOLLARS
Valume of business done:--Nil NEW YORK COPPER FUTURES
A small transaction was report - N.Y, Offelal Silver 34-3/4
ed at 23.3/4 for Cash. The market N.Y.-London Cross Rate 4.03-1/2 closed with sellers at 23.11/16 Cash and a small buyer at 23.3/4 Cash,"
SHANGHAI DOLLARS Opened with sellers at 444 for t:Spot.
Business was arranged at various rates, Closed with sellers at 432, buyers at 434.
SHANGHAI MARKET Steady. Opened with sellers of Sterling at 3.23/64. The highest
rate touched was 3.1/2 and at
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
unquoted 4.03-1/4
LONDON MONEY
MARKET
LONDON, Jan. 20 (Reuter)-In the money-market yesterday des- pite the 'demand for tax pay- | ments, · Ioanable suppiles remained The following quotations are the plentiful for all short-term bor-" middle prices at the close of the rowers.
London, Jan. 17.
market in London. All quotations The £65,000,000 Treasury Bills are subject to confirmation and no offered were allotted at
the close sellers for Bpot were responsibility is assumed.. for errors average rate of £1/28d per cent. quoted at 3.15/32, U. S. Dollars in transmission', opened with sellers for Spot, at 5.5/18. Subsequently the rate rose to 5.9/16 and at the close sellers for Spot were quoted at 6.1/2.
AFTERNOON MARKET Quietly steady.
STERLING
There were sellers at 1/3 Jan uary/March, buyers at 1/3.1/32
for any delivery.
War Loar. 3% (Red,
after 1952)
103-9,18 Defence Loan, 3%
1011 Janton-K'laon Rlz. 5% 13, Chinese 41% Gold Luan
1898 (Brit. Tague) Chinese 3% Gold Bonds,
1925/47 ..........
Sellers at 23.11/16 Cash, buyers chinese 5% Reorg. Loan
SHANGHAI DOLLARS Business was arranged various rates. Opened with sellers at 433 for Spot and at the close there were sellers at 435, buyers at 435.3/4. for Spot.
3
SHANGHAI MARKET Sterling at 3.15/32 and U. 8. Dollars at 5.1/2 both sellers for Spot were quoted at the opening. At the close Sterling at 3.7/16 and U. 6. Dollars at 5.7/16, both sellers for Spot.
4
Shanghai Exchange
Shanghai, Jan. 20 (Reuter)
Official T.T. Kates
Opening
Honan Rly, 5% Bakuang Rig. 65%. 1911..
(L.P..N/Y Issue) Huktang Rly. 5%, 1911
German Issue)....
Hai
Lung Tsing & U
Rly. 5% 1913 8'hai-N'King Rly S Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Tientsin-Pukow Rly. 5%
4.4 4
(German Stpd.) Tientsin-Pukow Rly 5%,
(Brit. Etpd. Bupi. Loan) 15 Tientsin-Pukow Rly. 5%
Applications rose from 134.7 to 146 million which is attributed to the Oversea Central Bank require- ments and consequently the mar- ket's supply of Bills dropped from 36 to 27. cent.
Wall Street opened quiet and turm,
INDO-BURMA TRADE PACT PARLEY
RANGOON, Jan, 20 (Reuter) — It is learned that negotiations for a new Indo-Burma 'trade
agree ment wilt commence at New Delh! on Feb. 1. The Burmese' delega- tion will be led by the Premier.
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted wa miunday, Jan. 20, 1941. SALES
Goodrich (B.F)
32.57 28.15 20
20.45 18.03 20 82.15 83.08 40 84.07 48.47 11
14
16
China Providents
15
China Lights
15
China Lights Rts.
1,000 $ 5.80 1,100 200 500 1
5.70 6.30
95
.95
500
.971
Cement's..
200
18.00,
London
New York
Japan
India
0/3-5/16
5-1/4-
22-1/4
› Ger, Stpd. Supl, Loan) 15 Jap..5% Ster. Loan, 1924 224-251 Ger, 1 Intl. Loan, 1924 B) # Chartered Bank
H.K. Docks 101
-100.
18.50
100 1850
100 18.55
HK. Electrics (0)
18-3/B.
Paris
nominal
H.K. Shal. Bank (Lda.
Reg.,
HK. Tramways
82
Hongkong
22
Sterline
HK. & Shai Bank (Col
Peg)
H.K. Hotels
85
H.K. Ropes
200 40.75 500 18.40 500 3.60 500
TO-
8.25
Bellers
These Hot & Muning
Peak Trams (N)
.50
3.50
.1
Lane Crawfords
.35 7:50
Opening
Closing
Spot Jan. Feb.
0/3-23/32 @/3-7/18
(bearer Chosen Corporation.....
1B/3
Star Ferrles
100 63.50
4/-
Unions
7410.00
0/3-11/32 0/3-7/16
Mercantile Bank of In-
0/3-21/64 0/3-13/32 0.8, Dofars
"dl£ £5, “G”
101
5,787
"ekin Syndicate
2/.
15/-
Apot
Jan.
www
5-7/16 5-13/32
134 20
631/031-
834/837
631/63
of
Barnsdall Ou
81
Pennsylvania R.R.
238
Canton
London
634/638
6317634
Singapore
832/831
OF
Benulx Aviation
.36.
Philadelphia Read, Coal
5/32
Chefvo
Lyons
Sourabays
634/631
631/631
on
Bethlehem Steel
841
Phillips Petroleum
372
Colombo
Malacca
Sungei
Blas Co.
18
Public Service of NJ.
287
Dairen
12.97/97
12.60/63
12.67/67
13,00/00 12.64b/67a
Boeing Airplane Co.
163
Pullman Inc.......
281
Foochow
.. Manila Muar
"Borg-Warner.
18
.04 UD
Pure Oll
84
Haiphong
Bankow
Briggs Mfg.
Radio Corpn. of Am.
4)
Harbin
. Budd M'facturing Corp.
Reading Company,
Com
14
Iloilo
Canadian Pacifc R'way
4
Remington Arms Co., Inc.,
52%
3.07 N 5.13 N
5.08b/102 6.136/17a
5.07 'N 5.13 N
Case, JI
541*
unch.
| Republic Aviation Corp.
4+
Celanese"...
27
unch
Republic Steel
20+
Chesapeake & Ohio
421
Revere Corp.
101*
10
Chrysler Corpn.
681
Reynold Tobec. "B"
33+
"י
2.00b/01a 2.04b/05a
.01 up unch.
Columbia Gas & Eleca
41
Safeway Stores
431*
Commercial Credit Co.
30
Schenley Distillers
11
Com. & Southêrn (Ord.)
+
Sears Roebuck
77
Consolidated Edison
231
Sheil Union Oll
114
Consolidated Oil.....
51
Socony-Vacunum Ol
BI
SAFE DEPOSIT various sizes to let.
73b/.7412 .76b/779
73b/.75% .754b/.77a
738/.7348 .76b/.77&
unch.
Continental Can
374
Southern Pacific
91
unch,
Continental Ou
........
198
Southern Rly $5 pid.
22+
and TRUSTEE business undertaken.
BOXES of
EXECUTOR
Chief Manager. FAIRLIE FRACK
Saigon
CANTON CAWNPORE
COLOMBO
BELEI
HAIPHONG
Francisco HAMBURG
Lumpur Shanghai HANKOW
Patani Swatow (Johore) Tientsin Mulden Tokyo
New York Tsingtao
Peiping Yokohama Penang
A
KUCHING
MADRAL
MANILA
МЕДАЯ
い
NEW YORK
PIPING
(Peking)
ȚIENTSIN -
TONGKAN
(-Bhuket)
THINGTA··
YOKOHAMA
FORON EXCHANGE and General Banking Business tranansted:
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 also opened in Local Currency and Sterling with interest allowed" at rates, obtainabla on application,
Ipoh
CURRENT ACCOUNTS opened Local Currency and Fixed. Deposits received for one year or undertakes. Executor and Trustee The Bank's Head Office in London shorter periods in Local and Other Currencies which will be quoted on British Income Tax overpaid, on
application.
business, and claims recovery of
terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
&
*MRITSAR
BANGKOK
DATAVIA
ILOILO
IPOT
KARACHI
KANGOON
BAIGON
BEREMBAN
BOMBAY
SHANOBAT
KLANG
́DALOUTTA
W
SINGAPOR
AGENCIES: ROSE CLITETIT, KUALA
SITIAWAN
SOURABAYA
LUMFUR
TAIPING
СЕНО
ጎ
Copperweld Steel
171"
Spicer Manufacturing Co.
36+*
Curtiss Wright (C)
9
Standard Branda
62
11.38b/44a
11,250/30
11.32b/45a 11.39b/45a 01 up 11.20b/35a 11.34)34 .00 up
Curtiss Wright “A”
281
Staud Gas & Elec.
13
Deere & Co..
211
Standard Oil of California
191
Distillers Corpn. Seagrams
18.
Standard Oil of NJ.
34
Douglas Aircraft
75
Stone & Webster
Du Pont de Nemours
158!
Studebaker Com,
71
Eagle Picher Lead
98
Swift. International
"181*
Eaton Mfg: Co. ....
35
Technicolor
9
Elec, Autolite
310
Texas Corp
374
Bec Bond & Share
37
Elec. Bond & Share $5 pt.
554
Texes Gulf Sulphur.
38
Timken-Axle
331
Diec. Bond & Share $8 pf.
65
47
Prans-America Co.
Elec, Power & Light $7 pf. Flintkote
329
613
20th Cent. Fox.
147
12
Union Bag & Paper Corp.
Gen. American Trana. \.............
544
Gen. Electric · ....
341
Union Carbide & Carbon 70
"THE "CHASE BANK
82
Gen Motors
451
Union Pacific
414
the
Gen. Railway Signal Gen. Tire & Rubber Glidden Co.
145**
United Aircraft
12*
United Airlines Trans
152
United Corpn.
1}
14
137
Unked Corpn. $3 cum pf.
29
£
"
Goodrich $5 pf.
63**
United Gas Corpn.
Goodyear Tire & Co. Great Northern Iron Ore Great Northern Rly, pfd.. Great Western Sugar
191
United Gas Improvement
10
15.
U.8., Industrual Alcohol.
261
27}
U.S. Rubber
228
217
US, Rubber $8 pfd.
861
Greyhound Corpo
Hercules Powder Co
Homestake Mining
Int Nickel
Inter." Paper & Power Int. Tel. & Tel.
Johnsman
Kennecott Copper Libbey Owens-Ford Lockheed Aircraft
.97.
DOW JONES AVERAGE
Jan. 19, 1941.
High Low Close 130.28 173.60 129.75 20.24 28.98 29.03 20.30 20.20 - 20.37.
Change
21 up
Į
1940
High Low Dow Jones Averages 152.80 111.84 30 Industrials
Jan. 17,
129,54
Rails Utilities Bonds Commodity Index
29.16
.13 off
20.13 91,66 57.03
14 up
91.78 58.98.
.12 up
of
Business Dons:--250,000 abares
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources of
D. L. BALLANTYNE,
Manager,
A Job?
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
100, 40.75 Operating Services for Cargo and Fassangera
The total value is $59.567.75.
United Steel. Woolworths
MRTRIAL Investmenta
35-5/16 -$5-7/18
5-9/32 Feb.
5-1/4 Market: Uncertain.
S'hai Mec. Constr. Co. S'hal Waterworks “A” Union. Insurance Gula Kalumpong Rubber 16/7 Lon.. Mid, & Seot., Rly. 151 Great Western Rly... 372 National Bank of India 32 B.-A. Tob (beamar) Dunlop Rubber The Equalisation rate was 234 Bristol Aeroplane
Silver Daly Rate The Central Bank of China's Tate on London at 10 am. today was 1/2-1/24.
per cent,
Western Holdings Hub-Nigel
23/9
56/3
7/8
95
11 158/3
34/44 10/3
hell Trans & Trad.
(bearer)
Imperial Chemical Ind 30/44
•bid.
***40/3 -x, div.
"SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG. and CALCUTTA.
SANDAKAN
HAIPHONG
All steamers berth alonguide
the Roosevelt Terminal io.
the French Concasion at
Shanghai, where passengers
and cargo are landed.
For further particulara
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE SOZILLGENERAL MANAGERS
Xelbourne Ban Fran- 9ydney
ulsa Tentan
Beng
Stan
COSTUR
Every description of Banking and Exchange business transacted. Loans, granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits zo- ceived for one year or shorter perioda in Local and Foreign Cur reacies on terms which will be
uoted on application.
SAFE CXPOSIT Boxes To LET
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT "OF CHINA AS AN INTERNATIONAL EXCHANGE
"BANKAATSKA FAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER ÜHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend: o our Clients special facilities for Domestic and Foreign Banking and' Exchange....
Head Office:---SHANGĦAL Hong Kong Brinch;
4, QUEEN'S ROAD, C. South China Offices!"
CANTON
SWATOW
SHIUCHOW
KONGMOON TOISHAN KINGOHOW
We also handle the issue of Bondi and other Public Funds of the Chinese Government both at Home and Abroad.
BHOJ J CHEN,S
Manager,
117
U.S. Smelting
63
74
U.S. Steel
65+
51
Vanadium
32A
SAFE DEPOSIT BOXES
253
Vultee Aircraft
78*
HONGKONG „SAVINGS
BANK
The Business of the above Bank) is conducted by the BONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
7. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb, 1939.
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE; -
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,
BANK OF EAST ASIA, LIMITED
Authorised Uspital...$10,000,000.00 · Paid-Up Capital ........ 6,698,800.00 Reserve and Undivided.
Porata
.2,983,261.50
Bead Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Director.
BIR SHOPSON Cnow, Chairman Li Kocr Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq., Wong Chu Son, Das. Wong Yum Tong, Esq. Fung Ping Wan Esq. Chan Ubing Shek, Esq.
KAN TONG PO, Esq., Chief Mundger Li Tax Fong, Esq., Manager
Branches and Agencies:
Ko'rloos
Lowel
Prosec Hingapore
Langoon
Kalgon
Amas
Batarin
Bambar
Sanils
Caloutta
Heptong
Kaguras
Hankow
Na Tork
Battle
Bononia
Pari
Sub
Polplex
Bourabaya
+
137
Walworth Co.
51*
21*
Warner Bros. Pict.
31
81
Westinghouse Elec,
1024
34)
Woodward Iron Cor.
31
over U.S.$2,800,000,000.
Glass
401 281
Chase National Bank National City Bank
321*
274*