19.45
19.36 19.45 .09 up
841
- 84
B41 34 1 of
83
822
63 827
13.10 12.85
.08 off
STOCKS
Close
Opening
Closing
Change
Adams Express
10,38/38
10.40/40
10.39/39
101 up
Alleghany Steel Co.
10.41/41
10:43/43
10.39/40
.82 off
Allis Chalmers
10.39 N
10.32/32
10.27/28
,03 off
Akumluftum Ltd.
9,80/80
9.83/83
9.76 N
9.71 N 10.87
9.78b/80& 9.73b/762
9.79/79 9.74 N 9.69 N 10.88
,01 off
Amer. Can
02 off
American Cyanamid B....
-.02 of
Amer. & Foreign Power
01 up
Amer & Foreign $7 pf.
Amer. Locomotive
Amer: Metals Co.
Crediis, 60 days' sight 34 1/4
Amer, Radiator
On Batavia:-
Amer. Rolling Mil
| PAGE 10–HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS JANUARY 28, 1941.
On London¦---
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2.7/3. Credits 4 months' sight
On Shanghai:--
On demand 420
||
NEW YORK COMMODITY MARKET
NEW YORK, Jan. 28, 1941.
(REUTER'S SERVICEY
Prev. Today's
High: Low
Close Close Change
New York Cotton, March New York Rubber, March Chicago Wheat, May ..... Chicago Corn, May. New York Elden, March NEW YORK COTTON
March
On Singapore:-
On demand
............. 52 3/4
May
On Japan:-
July
October
On India:-
December
Telegraphic
and demand
Transfer.
*}82 1/2
January (1943)
Spot
On demand ............... 1802 1/2
On New York:-
Bank Bills, on demand 23 1/2
יון
10.41 10.38 10.38 10.39 .01 up 19,45
1293N 12.85
off
Total sales Monday: 55,100 bales.
The Arst notice day for March cotton is 25/2/41 and last day is 14/8/41.
NEW YORK STOCK EXCHANGE -
QUOTATION
(REUTER'S SERVICE)
JANUARY 29, 1941.
THURSDAY, JANUARY 30, 1941.
BANKS
RONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
41
Authorised Capital....... $50,000,000
Kesarva Funds: Sterling
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up as0,000,000 Incorporated by Royal Charter, 1859
Paid-Up Capital £8,500,000 Reserve Fund
....£3,000,000 „£3,000.mɛ
.£3,000,000
H.K. Currency Reserve $10,000,000 Reserve" Liability of Pro- Reserve Liability of
prietora
Proprietors...
-$20,000,000
Head Ofee:-HONG KONG
Board of Directors: Hon. Mr. J. J. Paterson,
Chairman. W. H. Lock, Esq..
Deputy Chairman.
HEAD OFFICE; LONDON:
38, Bishopsgato E.C.S. Sub-Agencies In- Lendon:
117/192, Leadenhall Street, B.C.1 West End Branch: 14/16, Cockspur Street, 8.W! Manchester Branch: 52, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES.
| 4208 STAZ
AMRITSAR
BANGION
HONG KONG PERANG LEOIEN
ПРОН
RANGOON
SAIGON
Last Sale
STOCKS
Last Sale
Jan. 28
Jan. 28
61
Loew's Inc.
331
23
Loft Incorperated
173
34
Mack Truck .,Inc.
311
-73*
Martin, Glen L
281
902
McKesson & Robbins, pf4. 26
341
Montgomery Ward
371
1
M'tain City Copper Co.
31
J. E. Bousfeld, Esq.,
181*
National Aviation
92
A. H. Compton, Esq.,
151
Nat Dairy Products
13
L. J. Davies, Esq.,
184*
National Distillers
321
Hon. Mr. 9. H. Dodwell,
JE
01
National Lead ................
16
G. Miskin, Esq.,
15
On demand
44
On Paris:-
NEW YORK RUBBER March
Nat. Fower & Light
E. 8. Morrison, Esq.,
Amer. Sting and Ring Co.
43
National Supply Corp.
Hon. Mr. T. E. Pearce,
01
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
May.
19.36/37 19.25/28
19.30b
19.45/45
19 up
Amer, Sugar Reaning
15**
New York Cential
11
July (New contract)
19.18 N
19.25b/34 19.35a.
On Balgon:- F
September {
..... 19.15 B
19,02/20
19.37/37 19.26b 19.30b/23a
.12 up
Amer. Fel, & Tel.
1851
Niagara Hudson Power
21
.08 up
Amer. Tobacco "B"
717
N. American Aviation
181
Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,
Chist Manager.
BATAVIA
BOMBAY
CALOUTTA
CLAYS STREET KUALA
CANTON
LUMPUR
BERIMBAT
KARACHI
'ELANG
SHANGHAI
BINGAPORE
AGENCIES:
KOLE
BITIAWAN
FAILLIN PRAGA
SQURABAYA
TALFING
.05 up
Amer, Waterworks
61
KUCHING
North American Co.
168
On demand
102
Total sales:-220 tons.
Anaconda Copper
257
Branches:
| Northern Pacific
67
On Manila:---
Atchison, T. & 8. Fe.
231
| Owens-linols Glass Co.
463
Amoy
Johore
On demand
47
CHICAGO WHEAT
Aviation Corp.
4)
Pacific Gas & Elec
On Bangkok:-
May
841/842
848/84)
84/841
off
281
Bangkok Kobe
Baldwin Lecometive
16
Packard Motors
Batavia Kovicon
Rangoon Saigon San
CAWNPORS CEAU COLOMBO
TIENTBIX
·
MADHAB
TONGKAR
MANTEA
DELHI
MIDAN
On-demand
119 1/2
July
781/78
32
781/781
781/78
off
Baltimore & Ohio
4
Bombay
Kuala
Pan-American Airways
137
On Sterling Notes:
September
79/79
781/78
* off
Calcutta
Barber Asphalt Co.
91*
Paramount Pictures
111
Bank Buying Rate
Nom.
Canton
London
Monday's sales:-8,304,000 bushels.
Barnsdall OB
81
Pennsylvania R.R
23
Chefoo
Lyons
Bar Süver per oz.
23.1/4
CHICAGO CORN
Bendix Aviation
177
Phliadelphia Read, Coal
3/16
Colombo
Malacoa Sungei
Bethlehem Steel
May
63/63
63/63
July
September
631/837 637/637
631/63)
327/521 63/63 827/627
1 oft
Bliss & Co.
7 off
Boeing Airplane Co.
off
Borg-Warner
NEW YORK HIDES
Briggs Mig.
Total sales for the
12.93 N 12.91b/13.00a 12.65/85 12.63/69 12.58b/65a 12.54/55 day:-38 contracts.
.08 or
Budd MTacturing Corp.
09" off
Canadian Pacide R'way
Case, JI....
Celanese...............................
Chesapeake & Ohio
May
4.96 N 5.03 N
4.94b/5.00 5,04b/08
5.00/00 5.06 N
2.04 up
Chrysler Corpn.
.03 up
Columbia Gas & Elec.
403.-
Cross- NEW YORK SUGAR NO. 3.
March May
Commercial Credit Co.
Com, & Southern (Ord.)
2.02b/03a
2.08b/088
2.02b/03a 2.07b/08a
unch.
Consolidated Edison.
01 up
Consolidated On
MARKET
Volume of business done:-184 lots.
NEW YORK SUGAR NO. 4: March May
Continental Can
Continental Off
Copperweld Steel
.76b/.78)2
.791b/.802
.787.76 .79b/.791a
.74jb/.75a .78b/.78 a
.01) of
Ourtiss Wright (C)
01 off
Curtis Wright "A"
-
Volume of buisness done: 83 lots. NEW YORK COPPER FUTURES March
Deere & Co. .....
Distillers Corpn. Seagrams
July
11.43b/49a 11.38b/44a
Douglas Aircraft
11.42b/508 11.35b/45a
NY. Official Silver...... 34-3/4 NY-London Cross Rate 4.03-1/2
11.48b55a .05 up 11.40b/48a .02 up 34-3/4 4.03-1/2
Do Pont de Nemcurs
Eagle Picher Lead
Eaton Mfg. Co.'
Elec. Autolite
Elec Bond & Share
Elec. Bond & Share $5 p.
Elec Bond & Share $8 pt.
Elec. Power & Light $7 pf Flintkote
Gen. Amerizžan Trans. Gen. Electric
Goodyear Tire & Co.
Great Northern Iron., Ore.
Spot. 23-1/4d.
E
War Loan. 34% (Red
after 1952) Defence Loan, 3%
103-7/16
101-1/4
13
Chinese 41%%% Gold Luan
1898 (Brit. 'Issue) Chinese 5% Gold Bonds,
1925/47
44
Jhin. 41% Anglo-French
Loan, 1908
46
Chinese 5% Crisp Loan
63-02
1912 ..
28
63-01
Chinese 5% Reorg, Loan
62-10
1913 (Lda. Is.)
34
Chinese 8% Ster. Notes.
1925 (Vickers) Chin. Imperial Rly. 6%
Loan
10
47
16
Great Northern Rly, pfd. Great Western Sugar Greyhound Corpn. Hercules Powder Co. Homestake Mining Int Nickel
Market Repor
FROM ROZA BROS.
January 29.
Silver price's were quoted this March morning at 231/4 for Ready and June
23.3/18 for Forward. Silver ad-
vices reported the market as being
quiet with a small business done. NEW YORK COCOA American Silver was quoted at March $4.3/4 for Spot.
The London-New York rate was quoted at 402.1/2. New York-London was quoted at 1/2.
Nothing doing.
STERLING
Sellers at 1/3 January-April, buyers at 1/3.-1/32 Cash.
U. S. DOLLARS
Sellers at 23.7/8 for Cash, buyers
at 23.15/16 for Cash.
SHANGHAI DOLLARS
436 sellers for Cash.
SHANGHAI MARKET
The Shanghal Exchange market was closed today.
India Rupee Paper
Bombay, Jan. 28 (Reuter). Govt. 31% Rupee, 95-06-0.
Calcuna Exchange
Calcutta, Jan. 28 (Reuter). TT on Japan. 81-1/4.
SILVER MARKET
LONDON SILVER London, Jan. 28 (Reuter).
Business Silver-Market quiet. very small. In the afternoon, the
LONDON STOCK | PRODUCTION OF
EXCHANGE
(REUTER'S SERVICE
London, Jan. 28..
EXPLOSIVES
"In 1941 Canada will be pro- ducing explosives at an annual rate more than twice as great as The following quotations are the the
entire production of this middle prices at the close of the country in the Great War" said market in Londen. All quotations Hon. C.D. Howe, Minister of Muni are subject to confirmation and notions and Supply. "Our present responsibility is assumed for errors)
chemicals and explosives in transmission.
market was very quiet with no canton-Kloor Rly. 5
business,
Forward, 23-3/16d.
BOMBAY SILVER
Bombay, Jan. 28 (Reuter).
Market-Steady. Offtake 50 bars.
Ready
Indian Mint Silver
Feb. 21 Settlement Mar, 25 Settlement
LONDON GOLD.
London. Jan. 28 (Reuteri. Bar Gold, Fine per oz., 168/-
COTTON GOODS PRODUCTION
pro
gramme," he continued, "now in- volves capital expenditures of some $60,000,000 and includes the erection of 10 plants, several of which equal in magnitude anything of a similar nature existing in the Empire today.
"With the development of this 42 to 47 progdamme, the Canadian output of explosives will be substantially increased within the next few weeks."
Honan Riy. 5% Bukuang Rly 5%. 1911...
(L.P. NY Issue)..... 15
13
14
10
Hukuang Rly. 5% 1813
German Issue) Lung, Taing & Ha!
Rly. 5% 1919 'hai-N'King Rly. 5% Tientein-Pukow Rly. 5% ·
(Brit. Stpd.), Tientsin-Pukow Rly. 5%
(German Stpd.)......... 15
In order to meet the wide spread need for cotton piece, goods in the interior, the Reconstruc- tion Department of the Kwang- tung Provincial Government has completed plans for the establish ment of two factories for cotton Tientaln-Pukow Rly 5% spinning and weaving respectively,
15
יוי
A very large shell filling plant is presently being constructed' which will employ some of the production from the explosives plants. Plans are under "way for the further enlargement of the shell filling capacity of the Dom- inion.
The construction work on all these plants is proceeding well up to schedule and, in several in [stances, substantially ahead of the schedule, said the Minister. The output of explosives will include both propellants and high explo sives of several types,
LONDON METALS
-EXCHANGE
London, Jan. 28 (Reuter).
Standard, Cash, Middle
Tin, Standard, 3 months, Middle Price, unreceived
Market frm.
(Ger. Stpd. Supl, Loan) obtained a loan from the Kwang-Jap. 8% Ster. Loan, 1924 tung Provincial Bank,
Brit. Stpd. BupL Loan) 15 To finance the undertaking, the Tientsin-Pukow Rly. 5% Reconstruction Department
Tu
has
15
23
Price: £257-1/8
Ger. 7% Intl. Loan. 1924 The machinery for the projected Chartered Bank factories has been ordered and is K. & O'ha! Bank (Lán. expected to be delivered here in April-(Central News).
5-1/2
8-3/4
Reg. ......
79
HK & 8hai Bank (Col
Pex)
85
National Bank of India 31-1/2
Chinese Eng. & Mining
(bearer)=0].
B.-A. Tab (bearer) .....
18/-
Dunlop Rubber
93/9 34/3
been
Chosen Corporation." Mercantile Bank of In-
dia. £5, ""
4/~
Bristol Aeroplane
10/11
Imperial Chemical Ind. 30/-
11-1/8
United Steel
22/7)"
1/6
Woolworths
Marsman Investments
Western Holdings
55/6. 7/6 10
150/6
-bid (bearer)..
-x. div
44/0
34-3/4hell Trans
Trad.
A new paper
NEW PAPER MILL
IN YUNNAN
mill hag founded in Yunnan.
it being Pekin, Byndicate........
named the Yun Feng Paper Mill, s'hat Elec. Censtr. Co....: 15/- Sponsors Include Miao Yun-tal. S'hal Waterworks "A"........... 13-1/2 Lu Chl-an, Tu Yuen-sheng, and Y. Union Disarance
M. Calen. A formal inaugural Gula Kalumpong Rubber 15/71
held, – (Central Lon, Mit & Beot, Ry, 17
Great Western Rly.
ceremony was News).
Hab-Nigel
20
Gen. Motors
Gen, Railway Signal Gen. Tire & Rubber Glidden Co.
Goodrich (B.F.).
Goodrich $5 pt:
Inter. Paper & Power Int. Tel. & Tel.", Johnsman
Kentecott Copper Libbey-Owens-Ford Lockheed Aircraft
104041
DOW JONES AVERAGE
High Low Dow Jones Averages 169.80 111.84 30 Industrials
32.67 22.16 20 Rails -28.45 18.03 20 Utilitiea
Bonds 92,13 83.00 40 64.07 48.47 11 Commodity Index
Jan. 29, 1941. Jan. 27, High Low Close 129.03 129.27 128.42 128.00
Change
.43 off
29.67
29.78 29.44 29.48
.18 off
20,33
20.45 20.18 20.24
92.10
56.40
02.19 58.32 .67 off
.09 off .09 up
Business Done:--470,000 shares.
HONGKONG SAVINGS
BANK
The Business of the above Bank s conducted by the HONGKONG} SHANGHAI BANKING COB PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRATRUEN,
Chief Manager. Hong Kong. 25th Fab.. 1939.
14, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
16, 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 BANE, NEW YORK, with Resources of
over U.S.$2,900,000,000.
D. E. BALLANTYNE,
Manager,
A job?
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
porating Services for Cargo and Passengera
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and "OBAKA ·
SINGAPORE, PENANG and CALCUTTA“
BANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concassion at Shanghai, whero" passengers. and cargo are landed.
For further particulars
please apply to
JARDINE MATHESON&Co.,L TELEPHONE SO3IL GENERAL MANAGERS -
BANK OF EAST ASIA, LIMITED
3,598,800,00
Authorised Capital.....$10,000,000.00 Paid-Up Capital .......... deserve and Undivided
Ports
Head Office:-HONG HONG No. 10 Des Voeux Road, Central.
Board of Director.
SIR SHOPBON CHow, Chairman Li Koon Chan, Esq. Li Lan Sang, Beq. P. B. Kwok, Bag, Wong Chu Son, Esq. Wong Yun Tong, Esq. Fang Fing Wah Esq. Chan Ching Shok, Esq.
Kan Tong Po, Esq., Chief Manager Lt Tax Foxa, Eao, Manager
Amoj
Branches and Agencies:--
Koyrlook Ponang Bingapore London
Kangosa Bourabays Haight Bwatow
Calonta Melbourne San Fran. Sydney
Nagsasa New York zinattle
Pariv
Every description of Banking and. Exchange business transacted. Loans granted on approved separities.
Current Accounts opened in Local Currency and Fixed Deposits re ceived for опе year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE CRPOHIT BOXES TO LET
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN 'INTERNATIONAL EXCHANGE
A BANK
PAID-UP CAPITAL $40,000,000.09 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China, and connections in tha principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange,
Head Office:—SHANGHAI Hong Kong Branch:
· 4, QUEEN'S ROAD, O. South Chine Offices:
CANTON
SWATOW
SHIUCHOW
KONGMOON TOISHAN KINGOHOW
We also handle the issue of Bonds ind other Publac Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHFN"
Manager.
85
Philips Petroleum
371
Dairen
Manila..
184
Public Service of NJ.
281
Foochow Muar
Swatow
171
Pullman Inc.........
283
Haiphong
(Jobare)
18
Bankow
Pure Oil
8
4231
Harbin
Radio Corpn. of Am,
44
41
Reading Company,
Com
14
Iloilo Ipoh
Tientsin Mukden Tokyo New York Tsingtao
Yokobsina Perping
33
Remington Arma Co., Inc.
50*
54
Republic Aviation Corp. ....
49
261
Republic Steel
201
424
Revere Corp.
9"
68!
Reynold Tobac. “B”
33$
41
Safeway Stores
42
201
Schenley Distillers ....
101
11/18
Sears Roebuck
751
22)
Shell Union Ol
101
various sizes to let.
50
Socony-Vacuum Oli
91
TRUSTEE and
38
Southern Pacific
91
business undertaken.
HAIPHONG Francisco HAMDUNG
BANKOW Lumpur. Shanghai
Singapore Sourabaya
Penang
Patani
PRIPING
(Peking)
FORE ON EXChange and Gebutal Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates whick will be quoted on application.
SAVINGS ACCOUNTS also" opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in Local Currency and FIXED DE
The Bank's Head Office in London POSITS received for one year or shorter periods in Local and Other undertakes. Executor and Trustee Currencies on terms which will be business, and claims recovery
British Income Tax overpaid, on quoted on application.
of
SAFE DEPOSIT BOXES of terms which may be ascertained at
jany of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
EXECUTOR
KEW YORK
(Bhukos) TSINGTAL YOKOHAMA
183
Southern Rly $5 pfd.
231
173
Spicer Manufacturing, Co
36
81
Standard Brands
et
281
Stand Gas & Elec.
I
21
Standard Oil of California
191
177
Standard Qu of NJ.
341
744
Stone & Webster
73
1551
Studebaker Com.
75
91
Swift International
182
35)
Technicolor
9
31
Texas Corpn.
381
31
2,983,281.50
Texes Gulf Sulphuri..
37
58
Timken-Axle
317
844
32).
Trans-America Co.
43
20th Cent. Fox.
61
144
Union Bag & Paper Corp.
113
THE CHASE BANK
55
Union Carbide & Carbon
677
341
Union Pacific
811
414
United Aircraft
391
144
United Airlines Trans
141
12
United Corpn.
11
14*
United Corpn. $3 cum pt. 27
14
United Gas Corpo.
#
627*
United Gas Improvement
9
181
US., Industrual Alcohol. ...
281
15
U.S. Rubber
22
27:
US. Rubber 38 pfd.
91
211
U.S. Smelting
631
111
U.S. Steel.
671
71
Vanadium
314*
Encaria
Bombay
Harila
Esiphong Makow
K
Helping
cisco Tientsin
Confer ..Bemarang
хлам
50%
261
Vultee Aircraft
67
Walworth Co.
50
14
Warner Bros. Pict.
3
21*
Westinghouse Elec.
981-
81 ·
Woodward Iron Cor.
30+
333*
Glass 37%
Chase National Bank National City Bank
32*
27*
254