1940-11-22 — Page 10

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Adams Express

Alleghany Steel Co.

300

Allis Chalmers

Oa, Singapore:-

Aluminium Ltd,

On demand

68 3/4.

Amer. Can

On Japani-

NEW YORK, Nov. 20, 1940.

On India:

and demand.

On demand 106

Telegraphic Transter.:

On New York:-

Bank Bills, on demand 23 1/4 Credlis, 60 days' sight 24 1/8 ·

On demand

Bank Bills, on demand Nom. Credits 4 months' sight Nom.

SINGAPORE RUBBER

82 1/2

SPOT

JAN.-MARCH

APRIL-JUNE

Previous Nov, 20

Close Opening Closing buyers buyers 38-5/8 38-3/8 38-1/8 37 36-3/4 38-3/4 35-5,8 35-3/8 35-1/1

American Cyanamid B. Amer. & Foreign Power

Change

Amer & Foreign $7 pt.

Amer, Locomotive

of 1/2

Auger. Metals Co.

off 1/4

Amer. Radiator

OF 1/8

Amer. Rolling Mill

PAGE 10-HONGKONG. DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

NOVEMBER 21, 1940

Dn London:-

Telegraphic Transter, 1/9-7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight

On Shanghai:--

On demand

PAYNE & CO.

·COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

[REUTER'S SERVICE) NOVEMBER 21, 1940

FRIDAY, NOVEMBER 22, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised. Capital....... 250,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $90,000,000 | Incorporated by Royal Charter, 1800

Reserve Funds:

Paid-Up Capital £6,000,000 Reserva Fund

£3,000,000

£5,000,000

£3,000,000

HEAD OFFICE: LONDON:

H.K. Currency Reserve $10,000,000 Reserve Liability of Pro

prietors

Chair muri. Hon. Mr. J. J. Paterson,

Deputy Chairman.

39, Bishopsgate E.0.2. Sub-Agencies In London: 117/123, Leadenhall Street, EQ

West End Branch:

14/16, Cockspur Street, S.W 1 Manchester Branch:" 52, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES.

ALOE STAS AMRITSAR

HARBIN

PENANG KONA KONG RANGOON

Sterling

Last Sale:

STOCKS

Last Sale

Nov. 20

Nov, 20

Reserve Liability of

Proprietor

:$20,000,000.

Loew's Inc.

277

331

Loft Incorpersted

211

Head Office:-HONG KONG

Mack Truck Inc.

271

791

Martin, Glen L

32+

891

McKesson & Robbins, pt4. 25*

Board of Directors: H. V. Wilkinson, Esq.,

Montgomery Ward,

M'tain City Copper Co...

+++

154

National Aviation

154

Nat, Dairy Products

131

· 19*

National Distillers

221

J. K. Bousfeld, Esq., A. H. Compton, Esq,

Uon. Mr. 8. H. Dodwell,

| National Lead

151

Nat, Fower & Light

G. Miskin, Esq.,.

43 1/2

יו

On Batavia:-

On Paris:-

On Saigon:-

On demand

........ 101.

FEBRUARY

On Manila:-

| APRIL-JUNE

On demand

48 1/2

The market was idle.

On Bangkok:---

On demand

On Sterling Notes:-

Bank Buying Rate ...

Bar Sliver per oz.

149 1/2"

Nom. 23 14

LONDON

The market was easier. RUBBER

K. 8. Morrison," Esq.,

MANGKOK

(LOILO

BAIGON

Amer. S'ting and Ring Co.

National Supply Corp.

Hon. Mr. T. E. Pearce,

BATAV LA

IPOR

BETLEMBAN

Previous close Today's close

Amer, Sugar ReДning

141

New York Central

141

C. C. Roberts, Esq.,

BOMBAY

KARACHI

BKANOBAL

buyers

Change

Amer. Tel. & Tel. '

1851

| Niagara Hudson Power

Hon. Mr. A. L Shield,

CALOUTTA

KLANG

SINGAPOR

SPOT

11-13/16

11-3/4

off 1/18

Amer. Tobacco "B"

701

N. American Aviatiön ......**

174

DECEMBER

JANUARY

11-18/10

11-7/8

off 1/18

Bir Vandeleur M. Graybura,

AGENCIES: БОВТ

SITIAWAN

Amer. Waterworks

North American Co.

171

Chief Manager. FAILLIE PLACE KUALA

GLAVE STAT

SOURABAYA

12-1/16

off 1/16

Anaconda Copper

261

Northern Pacific

12-1/16

unch.

12-1/16

off 1,16

Atchison; T. & 3, Fe. Aviation Corp.

J81

Owens-lincis Glass Co.

Pacific Gas & Elea

Amoj

Baldwin Lecometive

161

Packard Motors

Bangkok

was

Market Report

FROM ROZA BROS.

Thursday, Nov. 21. The price for Ready Silver rosa "1/18 yesterday to 23.1/4 but the Forward rate was unchanged at 23.1/4 Silver advices reported the market as being quiet and featureless. American Blive: quoted at 34.3/4 for Spot,

NEW YORK COTTON: Prices declined on the Secretary of Agricul- ture's. statement which indicates the unlikeliness of a higher loan. CHICAGO WHEAT: Prices declined in sympathy with stocks.

rallying power was feeble.

CHICAGO «CORN: A loan of 61 cents per bushel has been AD-

nounced today.

NEW YORK STOCKS: Previous close, 134.74: Today's close, 132.22)

Change, off 2,26.

NEW YORK COMMODITY MARKET

New York Cotton. Dec, The London/New York cross. New York Rubber, Dec.

New Chicago Wheat, Dec. rate was quoted at 402.1/2.

York/London was quoted at 403-Chicago Corn, Dec.

Budd M'facturing Corp.

Baltimore & Ohio

Pan-American Airways

181

Batavia

Branches: Johore Rangoon Kobe Saigon Kowloon San

CANTON CAWNPORE

LUMPUR

TALFING

KUCHING

·TIENTSIN

C3JU

MADRAS

TONGKAR

Barber Asphalt Co.

Paramount Pictures

Bombay

Kuala

Francisco

Barnsdall 0

91"

Pennsylvania R.R.

231+

Calcutta

Lumpur Shanghai

The

Bendix Aviation

321

Philadelphia Read, Coal

Canton

London

Bethlehem Steel

851

Phillips Petroleum

381

Chefoo

Lycus

Colombo

Bliss Co.

141

Public Service of NJ,

Malacca Sungei

Dairen

Manila

Boeing Airplane Co.

184

Pullman Inc...................

Foochow

Musr

Patani Swatow

Borg-Warner ........

212

Pure Oll

Briggs Mfg.

241

Radio Corpn. of Am.

Bankow

511

Reading Company,

Com

131

Harbin

Canadian Pacific R'way ...

Remington Arms Co., Inc.

51*

Iloilo

Case,

62Republic Aviation-Corp

Ipoh

Celanese

28"

Republic Steel

(REUTER'S SERVICE).

Chrysler Corpn.

Figh

New York Hides, Dec.

643 * 63 " 12.80 12.65

3/4

MARKET

Steady.

STERLING

NEW YORK COTTON

Opening

Dec (New contract)

.10.20/21

There were sellers at 1/2,31/32 January

{

}

10.14/14

10.22/22 10.12b

Prev. Today's

Close Close Change Low 10.22 10.01 10.20 10.05 .15 off 20.55 20.41 20.60 20.45.15 off 881 864 89 871 1 of

641 63) 12 08 12.85b 12.75 .10 of

Closing Change

10,05/07 ..15 off 9.98T

.16 of

Chesapeake & Ohio

Columbia Gas & Elec. Commercial Credit Co. Com, & Southern (Ord.) Consolidated Edison.... Consolidated on Continental Can

422

Revere Corp.

11),

781

Reynold Tobac. "B" ... 331

Safeway Stores

317

Schenley Distillers

Sears Roebuck

-751

238

Shell Union 04

Socony-Vacunum Of

Southern Pacific

Continental Off

201

Southern Rly $5 pfd.

211

Copperweid Steel

Spicer Manufacturing Co. 331

Curtiss Wright (C)

01+

Standard Brands ...

Curtiss Wright "A"

29†

Stand Gas & Elec

1초

Deere & Co. M

214

November/February,

buyers

at March

10.20/21

Standard Of of California" 198

- 10.22/21

10.05/07 15 off

Distillers Corpn. Seagrams

Standard Ou of N.J.

35+

1/3.1/32 for Casti

U.S. DOLLARS

"No business was reported. There

Cash,

May

Was

the May re-July

STERLING

July

were sellers at 23.5/8 for buyers at 23.11/16 for. Cash..

SHANGHAI DOLLARS Some business WAL done 398.1/2. The market closed at p.m; with sellers at 398.1/2, buy- ers at 399,

SHANGHAI MARKET Sterling at 3.3/4 and U. B.) Dollars at 5.29/32 both sellers for Snot.

AFTERNOON MARKET The market was steady in afternoon. No business

perted.

Total sales Tuesday-168,200 bales.

NEW YORK RUBBER

December January March

Total sales:-1,600, tons.

CHICAGO WHEAT

December

Tuesday's sales:-11,109,000, bushels.

There were sellers at 1/3 Cash/CHICAGO CORN

November and 1/2.31/32 Decem- December ber/ February, buyers at 1/3.1733 May

Cash and 1/3 December.

May July October { Spot

}

10.14/14

(

9.97/98

10.00/00

.. }

9.04/04

9.65/85

10.21 N

9.99/99

9.84 84

9.45/45 10.07m

.15 off

Douglas Aircraft

*.13 off

Stone & Webster

Du Pont de Nemours

1594

Studebaker Com

.19 of

Eagle Ficher Lead

Swift International

.14 of

Eaton Mfg. Co.

Technicolor

Elec. Autolite

353

Texas Corpn.

381

Elec Bond & Share

Texes Gulf Sulphur

362

Elec. Bond & Share $5 pf.

Timken-Axle

20.80/60 20.45b 20.17/17 20.00/00

20.50b/558 20.35b 20.10b/19a

20.45/45/

.15

Elec Bond & Ghare $8 pt.

654

Trans-America Co.

-" 20.30

20.05/05 19.89/89

.15 off

Elec, Power & Light #7 pf.

32)

20th Cent. Fox

.12 off

Flintkot

181

Union Bag & Paper Corp.

121

.11. off

Gen. American Trans.

514

Union Carbide & Carbon

713

Gen. Electric

337

Union Pacific ·

Gen Motora

491

United Aircraft

454

Gen. Railway Signal

151

United Airlines Trans

174

Gen. Tire & Rudder

131

United Corpn.

89/89

221/882

871/871

881/881 841/841

871/873

861/861

84/837

822/821

11 off

588

off

Glidden Co.

15#

United Corpn. $3 cum pf. 32)

Goodrich (B.F.)

141

United Gas Corpn.

Goodrich $5 PL

034

United Gas Improvement

101

Goodyear Tire & Co.

U.8., Industrual Alcohol.

221

Great Northern Iron Ore...

178

US. Rubber......

241

Great Northern Rly, pfd..

-27

U.S. Rubber $8. pfd

881

641/85

641/641

651/651

€41/64

051/65)

65/641

831/839 531/632 631/631

14.00 .2

Great Western Bugar

Interest Rates on Application.

U.S. Smelting

621*

off.

Greyhound Corpn.

U.8. Steel

681

SAFE DEPOSIT BOXES

Singapore Sourabaya

Haipbong (Johore) Tientsin

Murden Tokya

New York Tongtao Peiping Yokohama

Penang

NEW TOBE PEIPINO

(Peking)

(Bhuket) MINGTAE

TOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local ös Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS sisò opened in Local Currency and Sterling with CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENOx and Fixed Deposits on application. received for one year or shörter] The Bank's Head Office in London periods in Local and other Cur undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of

quoted on application.

ALSO up to date Bar DEPOSIT BUSES in various sizes To Lar Hong Kong, 28th February, 1940.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Bules may be obtain- sd on application.

For the HONGKONG & SHANGHAI Banking CorpORATION,

V. M. GRAYBURN;

Chief Manager, Hong Kong, 25th Feb., 1930.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK An American Bank offering com plete Foreign Banking Servic in the principal Markets of th world.

British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches,

R. A. CAMIDGE,

Manager.

BANK OF EAST ASIA, LIMITED

Authorised Capital......$10,000,000.00 Paid-Up Capital......... 5,588,800.00 Reserve and Undivided

Profits

*.*........2,503,201.30

Head Office:-HONG KONG No. 40 Des Voeux Road, Central,

Board of Directori:

SIR SECTRON CHow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. F. K. Kwok, Esq. Wong Che Son, Baq. Wong fan Tong, Esq. Kan Ying Po, Bag Chan Ching Shot, Esq, Fang Ping Wall Boq KIN TONG PO, Esq., Chief Manager Li Tam Fong, Esq., Manager

Batavia

Bosbay Chica

Branches and Agencies:--

Penang Singapore Loudon Bangoon Bourabaya

Bwatow BaFran- Bydory

Malboerne

olava Kaustin

COLOMBO

MANILA

DELHI

MEDAN

HAIPHONG

HAMBURG HANTOW

Haiphong

Kagranka

1 of

Hercules Powder Co.

724

Vanadium

341

Hankow

New York

Banitie

Bewaring

U. S. DOLLARS

Homestake. Mining.

Vultee Aircraft

Bellers at 23.3/8 Cash,

buyers

at 23.3/4 Cash,

SHANGHAI DOLLARN

NEW YORK HIDES

December March

Int Nicker

281

Walworth Co.

12.85b

12.80/80-

12.33b/65a 12,45/43

12.75/75 12.41/41

.10. off

Inter. Paper & Power

181

Warner Bros. Pict.

Int. Tel. & TeL:

.22 off

Westinghouse Elec.

1041

This Bank is entirely owned by Kate TRE CHAM (National" Ba51. NEW YORK, with Resources of or U.S.$2,900,000,000,

Palplug

Kennecott Copper

351

Woodward Iron Cor.

-308

198.1/2. sellers,

SHANGHAI MARKET

Total sales for the day:-229 contracts. N.Y. Official Sliver 34-3/4

34-3/4

Lakey Foundry & Mac..... Libbey-Owens-Ford Glass

.4.

447

Chase National; Bank National City Bank:

· 321*

201

US. sellers

NY-London Cross Rate 4.03-3/4

4.03-3/4

Lockheed Aircraft.........

291

Sterling at 3.3/4 and Dollars at 5.29/32 both

to. Spac

Shanghai Exchange

Shanghai, Nov. 21 (Reuter).

Official T.T. Rates

London

ו ין,

New York

Japan

India Hongkong

Opening 0/3-11/16 5-3/4

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Nov. 20

"The following quotations are the middle prices at the close of the

Tientaln-Pukow Bly. 5% (Brit. Stpd. Supi Loan) Tientsin-Pukow Rly. 5%

(Ger. Btpd. Supl. Loan),8

market in London. All quotations Jap. 3% Ster. Loan, 1924 · 28 · are subject to confirmation and no Ger, 7% Intl. Loan, 1924 6 responsibility li assumed for errors | Chartered Bank

24-3/8

20-3/8 N

in transmission.

24-1/2

Sterling...

.Sellers

Opening Closing" Spot 0/3-3/4 ·0/3-374 0/3-3/4 0/3-3/4 0/3-47/64 073-3/4 U.S. Dollars

35-29/32 $5-29/32 "5-29/32 -5-29/32 5-7/8 5-29/32

Nov.

Dec.

Spot

Nov.

Dec.

Farket:Very quiet

Silver Duty Rate

The Central Bank of China's; rate on London at 10 am. today was 1/2-1/2a,

The Equalisation rate was 23 per cent.

India Rupee Paper

Bombay, Nov, 20 (Reuter). Govt. 34 Rupee, 92-06-0,

Calcutta CORNER CE:

Calcutta, Nov 20 (Reuter), Ton Japan. 81-1/4

War Loan, 31% (Red;

after 1952)

1011 Canton-Kloon Rly. 5%. 8- Chinese 41% Gold Loan

1898 (Brit. Itate) Chinese 5% Gold Bonds.

1925-47.......

Chin. 41% Anglo-French

Loan, 1998

| Chinese, 5%- Crimp Loan

1912.... Chinese 5% Reorg, Loun,

1913 (Lan. I.) Chinese 8% Bter, Notes,

1925 Vickers)

Chin. Imperial Riy, 5%

Loan mena Honan Rly, 5%

| Hukuang Rly 5%, 1911.......

(LP. N/Y Isme) Hukuang Rly 5%, 1911

German-fase). Lung Taing & U Hal

Rly-5% 191199. A'hai-N'King' Rly, 5% *** Tientsin-Pukov Riy, 8%

(Brit. Stpd.) Tlentsin-Pukow Rly. 3%

[(German_8tpd)

1940

DOW JONES AVERAGE

High Law Dow Jones Averages 152,80 111.84 Industrials

3367.92.15 20 Rails

Nov. 21:1840.

Nov. 19, High Low Close

134.48

Change

137.08 131.79.139.24 · 2,18-off

29.44 29.30 28.18

D. M. BIGGAR,

·Becond" Vice" "Proie

Ajob?

NEX

Utilities

28.45 1903 909) 83.00 140 Ponds

84.07 48.47 11 Commodity Index.

9.69

20 89

90.62.

57.29

61 of

| 20.79 | 20.38 20, 2 .47 off

50.47 .15 off 5.39.9). öfl

Business Done:-810,000 shares.

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTDİ

Operating Services for Cargo and Passengers

SWATOW, SHANGHAI, THINGTAU, CHEPOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE - PENANG and · CALCUTTA

H.K. & Shai Bank. (Ldi

Reg.) HK & Bhai Bank (Col...

Peg) Chinese Eng. & Mining

(bearer)

65+

147-

Chosen Corporation

4/-

Pékin Syndicate"

2/-

B'hal Elec. Constr. Co

15/-

S'haf Waterworks. “4”

Union Insurance

TO-

Guia, Kalumpong Rubber15/7}

B.-A. Tob, (bearer) ......

88/3

Mercantile Bank

104

Dunlop Rubber ...

92/41

Bristol Aeroplane

10/11

Imperial Chemical Ind. 28/44

United Steel

Woolworths.

67/10)

Marzman Investments

7/6

Western Holdings

8/6

Bub-Nigel A

171/3

Bhell Trans & Trad

35.

Nat Defence Bonds, 3% 1011 Condon-Midlands-Scot-

tish, 3%

144

341

-et diy,

TELEPHO

Great Western Rail-

WET. 3%

Nat Bank of India, Ig

-bid.

"SANDAKAN

HAIPHONGTM

All steamers berth alongside

the Roosevelt Terminal in the French Concession at Shanghai, where passengers. and cargo are landed.

For further particular

please appi

JARDINE MATHESON& Co.

KOSILO GENERALMANAGERS

Shanghai

Every description of Banking-and Exchange business transacted. Loans granted on approved securities.

Current Accounts opened in Local Currency and Fixed Deposita-re- ceived for one year for shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.

SAFE LEPOSIT Boxes To LET.

KAN TONG PO,

Chief Manager.

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) Oving to our numerous Brenehm in China and connections in the 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, C. mp South China Officces

CANTON

SWATOW

SHIUCHOW

KONGMOON TOISHAN KINGCHOW"

We also handle the issue of Bonda and other Public Funds of the Chinem Government both at Home and Abroad.

1940-11-22 — Page 10

Comments

Private Research Note