1940-11-25 — Page 10

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Adams Express

Alleghany Steel Co. Allis Chalmers.

Aluminium Ltd.

Amer. Can m

"Previous

Nov. 23 Close Opening Closing

American Cyanamid B.

Amer. & Foreign Power

Change

buyers buyers

38-5/8

38-3/8

of 1/4

Amer amer, Locomotive

& Foreign $T pl

Amer. 'Metals Co. .....

37-3/8

37-1/8

37-1/2

up 1/8

amer, Radištur

36 cts. 35-3/4

38 cts.

unch.

Amer, Rolling Mi

The market was very steady.

LONDON RUBBER

Amez, 'ting and Ring Co. 44.

buyers

Previous close Today's close

buyers

Amer, Sugar Refining

Change

Amer. Tel & Tel.

43 1/2

S POT

11-11/16

Amer. Tobacco "B"

DECEMBER

11-13/16.

Market closed

Amer. Waterworks

| JANUARY"

Anaconda Copper

FEBRUARY

APRIL-JUNE

12-1/16 12

Atchison, T. & 8 Ft.

Aviation Corp. ....

On Manila:-

On demand

46 1/2

On Bangkok:-

On demand ........

149 1/2

Un Sterling Notes:-

Bank Buying Rate

Nom.

Ber Silver per.os.

93.3 16

STERLING

March

(

U. S. DOLLARS

May July

{

Market Repor

FROM ROZA BROS,

Silver prices were unchanged yesterday, the quotations remain- ing. at 23.3/18 for both deliveries. Silver advices were not received. American Silver was quoted at 34.34 for Spot,

NEW YORK COTTON: The market today was quiet and steady.

There is apparently a good trade demand st prices.

NEW YORK RUBBER: There was some small factory and trade buying. Shipments were firm. The market responds easily to any purchases,

-NEW-YORK-HIDES: There was some profit-taking today...and tan-

mers' needs are apparently satisfied for the moment.

NEW YORK STOCKS: Previous close. 131.74; Today's close. 131.47;

Change, off 27,

NEW YORK COMMODITY MARKET

The London-New York cross-New York Cotton. Dec. rate was quoted at 403.1/2. New New York Rubber, Dec. York-London was quoted at 403-

314.

Steady

MARKET

No, business. was reported. There were sellers at 1/3 Nov.-Dec..

buyers at 13.1/32 Cash.

Chicago Wheat, "Dec.

Baldwin Lecometive.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

NOVEMBER 23, 1940

On London:-

Telegraphic Transfer. 1/2 7/ Bank Bills, on demand 1/8 7/2 Credits 4 months' sight

On Shanghali-

'On demand

On Singapore—

On demand

On Japan:-

"On demand

Os India:-

Telegraphic Transfer.

and demand.

On New York:-

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE

BUILDING

HONGKONG

MARKET REVIEW •

(FROM PAYNE & CO.)

COMMODITY

385

59 3/4

NEW YORK, Nov. 23, 1940.

SINGAPORE RUBBER

104

SPOT

82 1/2 JAN-MARCH

APRIL-JUNE

די

Bank Bills, on demand 23 1/4 Credits, 50 days' sight 24 1/8

On Batavia:-

On demand

On Paris:-

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

On Saigon:-

On demand ............ 101

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION (REUTER'S SERVICE) NOVEMBER 24, 1940

Last Sale

MONDAY, NOVEMBER 25, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital. $50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid, Up $80,000,000 Incorporated by Royal Cherier, 1850

Reserve Fandi :

Paid-Up Capital £6,500,000 Reserve Fund

Sterling

****........£3,000,000 20,000,000.

..£3,000,000

B.K. Currency Reserve 15,000,000 Reserve Liability of Pro Reserve Liability of

Proprietors

$90,000,000

Head Office-EONG KONG

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

Chairman. Hon. Mr. J. J. Paterson,

Deputy Chairman.

prietors

HRAD OFFICE: LONDON:

38, Bishopsgata E.0.9. Sop-Areneles In London: 117/19, Leadenhall Strock, E.C

West End Branch: 14/18, Cockspur Street, B. W 1 Manchester Branch: 52, Mosley Street, Manchester, a

AGENCIES AND BRANCHES· ·

HABBIN

PINANG HONG KONG RANGOON

ALOE STAR AMRITSAR BANGKOK

Chief Manager. PATRIK PA KUALA

STOCKS

Nov. 23

Last Sale Nov. 23

61 Loew's Inc.

123}

Loft Incorperated

204

Mack Truck Inc..

281

80*

Martin, Glen E.

..................

861

McKesson & Robbins, píd.

253

341

Montgomery Ward

Mtain City Copper Co.

151*

National "Aviation

118"

18*

Net. Dairy Products"

134

National Distillers

22#

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

National Lead

Hon. Mr. S. H. Dodwell,

157

G. Miskin, Esq.,

Nat, Power & Light

K. 8. Morrison, Esq.,

National Supply Corp.

Hon. Mr. T., E. Pearce,

BATAVIA

ILOILO SPON

BALCON

SIERMBAN

143

New York Cential .....

144

C. C. Roberts, Esq.,

1671

Niagara Hudson Power

Hon. Mr. A. L. Shields,

BOMBAY CALOUTTA

КАРАСЕІ

SHANGHAI

KLING

SINGAPOR

701

N. American Aviation ......

171

Sir Vaudeleur M. Graybarn,

AGINGLIS

KỌM

BITIAWAN

North American Co.

171

CLIVE BYKRET

SQUEABAYA

271

Northern Pacific

184

Owens-Illinois Gisas Cò.

Branches:

Pacific Gas & Elec

27+

Amoy

162

Jobore -Rangoon

Packard Motors

31.

under

market

Baltimore & Ohlo

Bangkok Kobo

Saigon

Pan-American AirwaysS

163

Bateria Kowloon San

Barber Asphalt Co.

Paramount Pictures

Bombay Kuala

Barnsdall Ou

Pennsylvania RR.

231

Calcutta Lumpur Shanghai

Bendix Aviation

33+

Philadelphia Read, Coal

Canton

London Singapore"

Bethlehem Steel

851

Phillips Petroleum

391

Chefoo

Lyons

Blis & Co.

15*

Colombu

Malacca

Public Service of NJ.

30元:

Dairea

-Manila

Boeing Airplane Co. ***.***

-181

Pullman Inc..

25%

Foochow

Maar

Swatow

Borg-Warner'.............

་ ་

Pure Ou

Briggs Mfg....

241

Radio Corpn. of Am,

Bankow

Makden

Tokyo

Budd M'facturing Corp.

Reading Company,

Com

137

Harbin

Canadian Padile R'way

Remington Arms Co... Inc.

61*

tloilo

Case, J.I.

61*

·Republic Aviation Corp.

Ipoh

Perang

Celanese

Republic Steel

22A

Chesapeake & Ohio.

411

Revere Corp.

11*

(REUTER'S SERVICE)

Chrysler Corpn.

Reynold Tobac, “B”

331

Bigh

10.21 10:11

Low

Prev. Today's

Close Close Change 10.15 10.17 20 up 20.57b 20.82b .05 up

Columbia Gag & Elec.

Safeway Stores

424*

Commercial Credit Co.;

321

Schenley Distillers

Com, & Southern (Ord.)

Sears Roebuck

752

Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON Close Dec. (New contract). 10.15/15.. January

88+ 871. 63 621 12.54 13.43 Opening

87# 63+

10.22/21

428 12,80b 12.68b .12 otr Closing 10.17/18

off

Consolidated Edison Consolidated 01 Continental Can Continental Oil Copperweld Steel

233

Shell Union Oll

Socony-Vacunum Oll

374

Scuthern Pacific

BOXER in various sizes To L Hong Kong, 28th February, 1940.

Francisco HAMBURG

Sourabaya t Sungei

Haiphong Johore) Tientsis

New York Tsingtao

Peiping Yokohama

HANKOW

MEDAN

NEW YORK PEIFING"

(Teking)

TAIPING TIKNIBIN TONG KAN

(Bhuket) TAINITAS TOKOHAMA

FORMIGN EXCHANGE and General Banking Business transacted.

OUREINT ACCOUNTS opened and FILED DEPOSITS received for Ene Year or aborter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with

CURRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRINGT and FLIRE DEPOSITS on application. received for one year or shorter The Bank's Head Office in London periods in Local and other Our undertakes Executor and Trustee rancios on terms which will be business, and claims recovery of quoted on application."

British Income Tax. overpaid, on

Also up to date Sare DEPOSIT terms which may be ascertained at

[any of the Agencies and Branches.

R. A. CAMIDGE;

CANTON

LUMPUR

CLAWNPÓRI

KUCHING

CIMBE

MADRAS

COLOMBO

MANILA

DELHI

HAIPHONG

201

Southern Rly $5 pfd.......

Manager:

194

Change

Spicer Manufacturing Co. 332

Curtiss-Wright (C.)

10:09 N

unquated 10.09

02- up

unch.

Standard Brands

61-

Curtiss Wright “A”

278"

HONGKONG SAVINGS

BANK

Stand Gas & Elec.

12*

Deere & Co.

211

Standard Ofl of California 191

10.17/18

10.19/19

10.17/18

⚫ unch.

Distillers Córph. Beagrams

10.10/10

10.15/14 10.14/14

04 up

Douglas Aircraft

0.97/98

10:02/01

9.99/99

.02 up

Opened with sellers at 23.11/16 October resulting in a transaction at 23-Spot 13/18 for Cash. The market

Du Pont de Nemours

9.59/59

9.80/59

9.59/59

unch.

Eagle Picher Lead dis

10.15 N

10.18n

.03 up

Eaton Mrs. Co

Total sales Friday:-124,700 bales,

closed with sellers at 23.3./4 for NEW YORK RUBBER Cash, buyers at 23.13/18 for Cash.

Elec, Autolite...

Elec. Bond & Share ......

December

20.57b/58% 20.606/85a

"SHANGHAI, DOLLARS

January

20.42b

Sellers were quoted at the open-March

20,226

ing at 897. Later business, was May

20.05/05

20.62b/65a unquoted 20.47n 20.25b/35a 20.30/30 20.06b/15a 20.10b/138 .05 up

.05 up 05 up .08 1212

Elec. Band & Share $5 pi." 56" Elec Bond & Share $8 pi. 65

Elec. Power & Light 37 pf.

Fintkote

ranged at various · rates? - The K Total sales:-570 tons.

Gen, American Trans

Gen. Electric

1/2 buyers at 398.1/4.

SHANGHAI. MARKET

December

May

July

CHICAGO CORN December

May July

874/875

871/87

·831/831.

831 831

878/87+ 881/881 871/881 871/871 83/831

I up +up

Gen. Motors

Gen Railway Signal

"up

Gen. Tire & Rubber

Glidden Co.

Goodrich (BJ)

63+/631 7631/631

631/638

621/63

831/63+ 63783

622/628 622/621 63/627

off

Goodrich #5 · pt.

Goodyear Tire & Co.

off

Great Northern Iron Ore ..

Great Northern Rly, pfd.

Great Western Bugar..........

12.805

12.75b/85a 21.68b

Greyhound Corpn.

.08 off

Hercules - Powder: Do

Homestake Mining

Int. Nickel

Inter. Paper & Foyer

Int, Tel. Tel

Kentecott Copper.

London

market closed with sellers at 395- CHICAGO WHEAT

Sterling opened with sellers at 3.49/64 rose to 3.51/64 and at the close sellers were quoted at 3.25/32 for Spot. U.S. Dollars opened with sel lers for Spot. at 5.15/18. Later the

Subsequently, the rate, Friday's sales:-13,759,000 bushels.

rate rose to 6.1/32 and at the close sellers were quoted at 8 for Spot:

Shanghai Exchange

Shanghai. Nov, 23 (Reuter

Official T.T. Bates,

Opening

New York

Japan

India

Hongkong

Spot Nov.

Dec.

Spot

Now,

Dec.

0/3-11/16

5-3/4

24-3/8

· 20-3/8 N 24-1/2

Sterling ""

Sellers

Opening Closing.

0/8-49/640/3-26/32 0/3-49/64 0/3-25/32 03-49/64 0/3-49/64 ULS. Dollars

$5-15/16 $6

5-15/16

6 5-15/18 в

Market:-Quiet.

Silver Duty Bate

The Central Bank of China's rate on London at "10" a.m. today! wes-1/2-1/2.

NEW YORK HIDES December March

12,58b/60a 12.54/50

Total sales for the day:-39 lots. N.Y. Official Silver 34-3/4 NY-London Cross Rate 4.03-3/4.

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

3་,

London, Nov. 22. The following quofstions are the middle prices at the close of the market la London. All quotations are subject to confirmation and no responsibility is assumed for errors in trangnisalon.

The Equalisation rate was 221 Chin. 44% Anglo-French.

per cent.

Calcutta Exchange

Calcutta, Nov. 23 (Router). T., on Japan: 81-1/4,

Loan, 1908. Chinese 5% Dedon Lan

1912

Chinese 1% Rearg, Losn.

1913 (Lan. Is) Chinese 8% Bier Notes,

1925 (Vickera) Chin. Imperial Bly 5%

Loanti Honan Rly 5% Hukuang Rly 5%, 1911... (LP. N/Y Issue)...

12.486/500 off

unquoted.

4.03-3/4

LONDON METALS

EXCHANGE

London, Nov. 22 (Reuter). Tin, Standard, Cash, Middle Price, £258-3/8.

Tin, Standard, 3 months, Middle Price, £280-1/8.

Market steady but featureless.

| Mercantile iank

Laker Foundry & Mas. .... Libbey-Owens-Ford - Glass 481 Lockheed Aircraft

*.39-40

DOW JONES AVERAGE

Nov. 24, 1940.

High Low Dow Jones Averages Nor. tt, High Low Close Change

:158,80 111.84 - 30 / Industrial

131.7

NETV

28.67 29,15 20 Raile

20.45 18.03 20 Utilities

90,00 82.06 40 Bonds

64.07 48.47, 11 Commodity Inder

131.80 131.20 131.47.27 off 29.37:0 29.40-21.30 29.38 2041 90.35

66.7%

01-up ,01 20.47 20135.20.15

80.34 .01. off, 58,78,04 up

Business Done 210,000 shares

For the HoxoxoxG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong 25th Feb. 1939.

15, QUEEN'S EOAD, CENTRAI

HEAD OFFICE:

18, PINI STEKET, ·

NEW YORK

An American Bank offering com plete Foreign Banking Bervice in the principal Marketa of the world Interest Rates on Application.

THE CHASE - NATIONAL

· Naw - Yons, with Rescorm af orke U.S.$2,000,000,000... -

D. M. BIGGAR,

Second Vice Pre

A job?

WANT ADS

VNIHD-OUNI

STRAM NAVIGATION COMPANY EN

Operating Services for Cargo and Passengers

War Loan. 31% (Red,

after 1952) Canton-Kioon Rly 5% 8. Chinese 41% Gold Loan

1898 (Brit. ped Chinése 5% Gold Bonds.

1925-47

101

Jan. 6% Ster, Loan, 1924 28 Ger, 7% Intl Loan, 1924 6 |Chartered Bank

HK. & Shal Bank (Ldo

Reg.)

HK. & S'hai Bank (Cal

Peg)

Chinese Eng. & Mining

(beater)...

14/-

Chosen Corporation

47-

Pekin Syndicate

2}-

S'hai Elec. Constr. Co...

IS/-

S'hal Waterworks "A" 137 Union Insurance

Gula Kalumpong Rubber 15/71 B.-A. Tob. (bearer) ....... 86/104

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

... 10

Dunlop Rubber

Bristol Aeroplane

31/6 10

United Steel .....

Ready

61-11

Nov. 26 Bettioment

Hukuang Rly.5%. 1911

(German) ItsTIE).

Woolworths.

57/0

All steamers berth alongside

Marman Investments

7/8

Dec. 27 Settlement

81,11

tung Trung & D Hel

Western Holdingå

8/0

41-11

Rly, 5% 1813 ....

Sub-Nigel

170

and cargo are lauded.

| Whai-N'King. Rl7. 5%

Ghell Trans. & Trad

Ibearer

35/7

For further particulars

Nat Defence Bonds, 3% 1011 London-Midlands-Boat

tish, 3%

141

WET. 3%

Nat Bank of India, 1%

bid.

SILVER MARKET

BOMBAY SILVER Bombay, Nov. 23 (Reuter).

Indian Mint Süver'

Imperial Chemical Ind« 28/3

Jan. 22 Settlement

| Tien tain-Pukow Rly, 5%

BROKERS LOANS Brit, Std.)

New York Nova (Reuter), Loans on securities to brokers in New York

Tientsin-Pykow Rly. 5%

(German Stpd.). Tientsin-Puków Rły, 8%

wk-ended Wk-ended Wk-ended (Brit, Stpd., Supl. Loan) B

16/11/39 14/11740 -12V/11/40 : - Tientsin-Pukow" Rly.@5% $463,000,000 $320,000,000 $314,000,000 (Ger.Stpd." Bupl Loan)

Great Western Rail-

KOHE, and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN S

HAIPHONG

the Roosevelt Terminal în

the French Concession at

Shanghai, where passengers.

-- BANK OF EAST ASIA,

LIMITED

Paid-Up Capital ....... Authcried Capital $10,000,000,00 Reserve and Undivided

Porits

2,983,26150

Head Office:-HONG KONG No. 10 Des Voeux Road, Contral

Board of Directori: » SIR SHOWSON CHOW, Chairman

Li Hoon Chun, Esq. :: Li Lan Buag, Bag. P. E. Ivor. Ea Horison Wong Yun Tong, Esq. Fung Ping Wan Esg. Chan Ching Shak, Eaq, az KAN TONG PC, Esq., Chief Manager LI TAI Foxo, Esq., Manager

Branches and Agencier!--

London Manile

Penang

Bango

Bedro

Melbourne-Bas Fran- -Sydney Nagsinks

sisoo Techin

New Tork Startin

Parir

Peiptast

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

Current Accounts opened in Loos! Currency and Fixed Deposits re ceived for one year or shorter periods in Loga! and Foreign Cur rencies on - termon which will be quoted on application.

SAFE DEPOSIT Boxes To Lar..

KAN TONO PO

Chief Manager.

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $10,000,000,00 (BHANCHES ALL OVKE. GEINA). Owing to our numerous Braneber in Chins and connections in the principal Commercial Centros "of- the World, we are able to extend to our Clients spécial facilities for Domestic and Foreign Banking and Exchange,

Head Office-SHANGHAI Hong Kong Branch:

-3, QUEEN'S ROAD, 0.

South China Offoraž CANTON

KONGMOOM BWATOW JA TOISHAKEA SHIUCHOW KINGOHOW

We also handle the sade of Bonds and other Pablo Funds of the Chinees Government both at Boine and "Abroad,

KHOUDT CHEN

The Business of the above Bank

Standard Ou of NJ.

Stone & Webster

1561

Studebaker Com,

11.

Swift International

is conducted by the HONGKONG & SHANGHAI BANKING COB. PORATION. Rules may be obtain- ad on application.

Technicolor

94.

351

Texas Corpn.

Texas Gulf Sulphur

364

Timken-Axle

284

Frans-América Co.

337

20th Cent. Fox.

162

Union Bag & Paper Corp. 13

Union Carbide & Carbon 71

331

THE CHASE BANK

Union Pacifc

814.

501

United Aircraft

15*

Unlied Airlines Trans

451 172

14*

United Corpn.

151

United Corpn. 13 cum pt 321

147

United Gas Corpn.

63.

United Gus Improvement 101

18}*

U.S.. Industrual Alcohol.

171

ÜS, Rubber

22)* 241

284

US, Rubber. $8' pfd.

89%.

Com

Bateria

U.S. Smelting

620*

Boalny Onlocitin

111

U.S. Steel

887

SAFE DEPOSIT BOXES

70%

Halphony HARKET

Vanadium

351

Bonoisin

602

Vultee Aircraft

261

Walworth Co.

This Bank is entirely owned by

BANK

Robe

Bemarang Shangha

171

35-4

Warner Bros. Pick. Westinghouse Elec. Woodward Iron Our. Chase National Bank [National City Bank

1940-11-25 — Page 10

Comments

Private Research Note