1940-12-03 — Page 10

buyers

Opening Closing Change

buyers

38-1/2

38-3/8 38-1/4

of: 1/4

37-1/437-1/8 37-1/8 35-7/8 35-3/4 95-5/8

of 1/3

STOCKS

of 1/4

On demand

385

The market was quiet,

LONDON RUBBER

Adams Express

Alleghany Steel Co.

PAGE 10-HONGKONG. DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

COMMODITY MARKET REVIEW

(FROM PAINE & CO.)

EXCHANGE NEW YORK, Nov. 28, 1940.

CLOSING QUOTATIONS

DECEMBER 2, 1940

On London:-

Telegraphic Transfer: 18 7/3 Bank Bills, on demand 1/8 7/8 Credits 4 monthe" sight

On Shanghai:---

SINGAPORE RUBBER

SPOT

JAN, MARCH «............ AFRIL-JUNE

Previous Nov, 28 Close

*NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

DECEMBER 1, 1940

STOCKS

TUESDAY, DECEMBER 3, 1940.

BANKS

"HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION .....

Authorised Capital....... $50,000,000

Reserve Funds:

Sterling ....

INDIA, AUSTRALIA "

AND UMINA

Issued & Fully Paid-Up #0,000,000 Incorporated by Royal Charter, 185#

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

£3,000,000

£3,000,000

£3,000,000

HEAD OFFICE: LONDON:

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

prietors

Last Bala

Last Sale

Nov. 30

Nov. 30

Proprietors

„$20,000,000

6.

Loew's Inc.

301

231

Loft: Incorperated

201

Head Office:-HONG KONG

Previous closs Today's closa

Allis Chalmers

341

Mack Truck "Te,

272

On Singapore:-

buyers

buyers

On demand

52 3/4

S'POT

11-11/18

11-11/16

Change unch

Aluminium Ltd.

78.

Martin, Glen L

324

Amer, Can

87

McKesson & Robbins, pia.

26

Bourd of Directors: Hon. Mr. J. J. Paterson,

On Japan:--

DECEMBER

11-13/18

On demand... 103

JANUARY

11-15/16

On India.

FEBRUARY

12-1/16

11-3/4 11-15/18 13-1/16

of 1/18

American Cyanamid B.

351

Montgomery Ward

381

unch.

Amer. Foreign Power ...

1

Mtain City Copper Co.

4

O O. Roberta, Esq.,

unch.

Amer & Foreign 37 på.

15

National Aviation,

109*

Telegraphic Transfer

and demand

83-1/2

On demand

On Manila:-m

On demand

100 1/1

48 1/4

On-Bangkok-

On demand

119 7/3.

On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

Now, 29 7/8

On New York:—

Bank Bills, on demand 23 1/8 Credits, 60 days' sight 24

On Batavia“)— ..

On demand 43.1/4

On Paris:-

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

On Balgon:---

APRIL-JUNE

The market was idle.

NEW YORK COTTON: The market today again hesitated, but there.

is general belief that higher prices are necessary to check hold- ings Mills are watching closely on the "free" supply situation because of the large diversion into the, loan. Spots today were qulet but steady. December liquidation is increasing.

| NEW YORK RUBBER: The quota for the Brst quarter of 1941 has

been axed at 100 per cent. of capacity:

CHICAGO WHEAT: "At the close of the sessión, there was a broaden

ing of demand, both from mills and Commission houses. Hedge selling was readily absorbed by increased buying interestą.

NEW YORK STOCKS; Preylous close, 129.78; Today's close, 130.14; -

Change, up 36-

12-1/16

12

OT 1/16

Amer, Locomotive

151..

Nat. Dairy Products

13

J. K. Bousfield, Esq.,'

Amer. Metals Co.

20

Amer. Radiator

National Distillers

|National Lead

231

177

Amer, Rolling Mill

151

Nat. Fower & Light

가

Hon. Mr. 8. H. Dodwell,

Amer. B'ting and R'ing Co! - 451

National Supply Corp.

G. Miskin, Esq.,

Chairman.

Deputy Chairman."

A. H. Compton, Esq., L. J. Daries, Esq.,

33, Bishopsgate E.OR Sun-Agencies in London:

117/122, Leadenhall Street, E.C.a) West End. Branch:

14/18, Cockspur Street, 8.W! Manchester Branch:

52, Mosley Street, Manchester, s

AGENCIFS AND BEANCHES-

HARBLE

PEMANG HONG KONG KANGOON

ALOR STAB ANKITSAR BANGKOK

E. 8. Morrison, Esq.,

Amer. Sugar Refining

14*

New York Cential

131

Hon. Mr. T. E. Pearce,

Amer. Tel & Tel.

1064

Niagara Hudson Power ...

31

Amer. Tobacco "B"

70

N. American Aviation

18

Amer. Waterworks

7"

North American Co.

161

Anaconda Copper

271

Northern Paride'

01

Atchison, T. & 6, Fe.

173.

Owens-linois Glass Co...

471

Aviation Carp.

41

Pacific Gas & Elec

271

Baldwin Lecometive

181

Packard Motors

31

Amor

Baltimore & Onio

4.

Bangkok

Kobr

Hangoon. Saigon

Pan-American Airways

.154

Batavia

Kowloon San

Barber Asphalt Co.

10

Paramount Pictures

91

Bombay

Kuala

Francisco HAMBURG

Barnsdall 00

91

Pennsylvania · RR.

221

Calcutta

Lumpur

Shanghai

Bendix Aviation

.321

Philadelphia Read, Coal

Car 3D

London

Singapore

Bethlehem Steel

807

Phillips Petroleum

391

Chb.Jo

Lyons

Senrabays

NEW YORK COMMODITY MARKET

Bliss Co.

14

Pubile Service of NJ,

281

Cólnabo

Malacca

Sungei

Dairzo

Manila

Patani

Monday, Dec. 2.

Market Report

FROM ROZA BROS.

Silver prices were unchanged New York Cotton. Dec. aver the week-end, the quotations New York Rubber, Dec. remaining at 22.7/8 for both

Ready and Forward. American Silver was unquated.

Chicago Wheat. Dec.

Chicago Corn, Dec. New York Hides, Dec.

The London-New York CTOSS- rate was quoted at 402.1/2. New NEW YORK.COTTON

York-London was quoted at 404.

Boeing Airplane Co......

18

Pullman Inc.

204

(REUTER'S SERVICE)

Foochow Must

Swatow

Borg-Warner

201

Pare Oll

8

NEW YORK, Nov. 30, 1940,

Briggs Mfg.

24

Radio Coren, of Az

47

Hankow

Prev. Today's

Budd Mfacturing Corp.

ᎦᏐ .

Reading Company,

Com

13

Harbin

New York

High Low .10.08 1002

"

MARKET

Steady.

•

STERLING

Dec. (New contract) January {

Close

10.06/06

...... 9.98 N

281 891 631 621 12.72 12.72 Opening 10.05/05 9.95b/993

Close Close Change 10.08 10.0430Z "off · 20.43b 20.45:02 up B81 69. up 637 621

off 12.45b 12.77b 32 up

Canadian Pacific R'way

37

Remington Arma Co., Xaç

6

(loilo

Peiping

Case, JI

61

Republic Aviation Corp.

47

[pob

Celanese

281

Republic Steel

221

Chesapeake & Ohio

.42

Revere Corp.

111

Chrysler Corpn.

·76) ...

Reynold Tobac."" "B"

321

Columbia Gas & Elec.'

41

Bafeway Stores

44

Closing

Change

Commercial Credit Co.

31

Schenley Distillers

104

Com, & Southern (Ord.)

Z

Scars. Roebuck

742

10.04/04

.02 of

Consolidated Edison,

211

Shell Union of

101

9.98 N

.02 oft

Consolidated Ol

6

Socony-Vacuniam Of

at

March

10.09/09

5

There were sellers at 1/3 Dec.- Jan: buyers at 1/3.1/32 for Cash,

U. 5. DOLLARS Bome business was reported at 23.1/2 December. The market! closed with sellers at 237/18 for

·Cash and 23.1/2 January, and small buyer at 23.1/2 for Cash,

SHANGHAI DOLLARS Business was arranged at vari-i ous rates." The market closed with sellers at 401, buyers at 402.

Total sales Friday: NEW YORK RUBBER December January March May

May

July October Spot

9.99/99

10.09/09 9.07/50

10.07/08

.02. off

Continental Can

371

Southern Pacific

是

9.97/08

.02 off

Continental Oil

194

Southern Rly $5 ptd.

211

9.76/76

9.72/72

0/26/28

9.24/24

10.00 N

9.7ön 9,25/25 10.04 N

unch.

Copperweld Steel

.91 of

****j-19*

Sploer Manufacturing Co. 334

Curtiss Wright (C.1

Standard Brands .....

64

.02 off

Curtis Wright "A"

28

Stand Gas & Elec, .......................... 11"

81,600 bales,

Deere & Co.

201

Standard Oll of California 174

Distillers Corpn. Seagrams

18)

Standard CD of NJ.

344

20.45b

20.43b 20,336 *20.126/13a 20.14b/15a 20.13/13 19.92b/955 19.93b/978 19.03b

Unquoted

"20.45b/48a

20.33b

02 01

Douglas Aircraft

79.

Stone & Webster

77

Du Pont de Nemours

1564

unch.

Studebaker Com.

&

.31 up

Eagle Picher Lead

101

Swift International

171

Eaton Mfg. Co...

33.

.01

Technicolor

91

up

Elec. Autolite

35

Total sales---550 tons. CHICAGO WHEÄT

December

Texas Corpn. ....

381

Mee Bond & Share

43

Texes Gulf Sulphur

381

Elec. Bond & Share $5 pt.

56*

Timken-Axle

29

SRANGHAI MARKET" Sterling opened with sellers for: Spot at 3.23/32. The highest rate-

May

BB1/881 887/887 861/862

891/894

Elec Bond & Share $8 p.

84

+ up

Trans-America Co.

5

Hong Kong 45th Feb. 1930.

863/871

871/871

Elec. Power & Light 37 pí.

301

20th Cent. FOL

6

up

July

8237821

821/821

Fimtkote

\831/831

up

Union Bag & Paper Corp.

138

Gen: American. Trans.

531

Union Carbide & Carbon

71

Friday's sales-9,350,000 bushels,

THE CHASE BANK

Gen. Electric

327

Union Pacific

79

touched was 3.13/16, Subsequently CHICAGO CORN.

and closed at noon with sellers at

opened with sellers for Epot at

the market eased off to 3.47/64 December

3.23/32 for Spot, US. Dollars July

3.13/18 and subsequently the rate NEW YORK HIDES

rose to 5.15/16. At the close sell- December

ers were quoted at 5.13/16 Spot.

AFTERNOON MARKET The market was quiet in the afternoon,

Gen Motors

491

United Aircraft ........

437

831/831

031 631

621/621

off

Gen. Railway Bignal

153

United Airlines Trans

151

¡May

611/62

.62/617

613/013

unch.

Gen. Tire & Rubber

131

United Corpn.

11

611/611

817/611

613/613

"unch,

Glidden Go.

141.

United Carpa $3 cum pf. 271

Goodrich (BF)

144

United Gas Corpn.

1

Goodrich $5 pf.

627"

12.45b

United Gas Improvement

10

12.43b60a 12.77b

32 up

Goodyear Tire & Co........

171

US, Industrual Alcohol.

21.

for March

12.13b/158

12.20b/26a 12.41b/43&

"23 up

Great Northern Iron Ore ..

171

U.S. Rubber .......i

234

Total sales for the day:82 contracts.

Great Northern Rly, pfd,

204

UA, Rubber $8 pfd........

"90

Interest Rates ou

Application

N.Y, Oficial liver.... 34-3/4 NY-London Cross Rate 4.04

Great Western Sugat

:201

unquoted, 4,04

US. Smelting

#༢༤

Greyhound Corpn. ........

11

US, Steel

681

Hercules Powder Co.......

721*

Vanadium

334

Homestaka Mining

491

There

STERLING

were

Vultés Aircraft

A#

Int Nickel

241

י

Japan -India

Opening 0/2-11/16

New York

** 0-3/4"

24-3/8

Hongkongg

40-3/BN £26-1/2

(LP. N/Y Issue)

14

Hukuang Rly 5% 1911

-12

Sterling

sellers at 1/3

l December/January, buyers at 1/3- 1/32 Cash.

U.S. DOLLARS

The market closed with sellers BL 23.7/18 for Cash and possibly 23.1/2 January, buyers at 23.9/16

for Cash.

SHANGHAI DOLLARS Business ́ was again arranged at various rates. The market closed with sellers at 400.1/2.

L. SHANGHAI MARKET Sterling sellera for Spot were quoted at the opening at 3.45/64 and closed with sellers at 3.47/64 for Spot, US. Dollars opened with sellers at 5.25/32 and closed with sollera at. 5.27/32 for Spot,

Shanghai Exchange

Shanghai, Dec, 2, (Reuter); *.--Oficial T.T. Bates

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

Reg.)

London, Nov. 29,

The following quotations are the middle prices at the close of the market in London. All quotations are subject to copârtiation and no responsibility is assumed for errors in transmission.

| War, Loan, 3}% (Red.

after 1952į Defence Loan; .3%

Canton-Kloon Rly. 5%

inese 41% "Gold Loan 1898 (Brt Issue)·... Jhin. 44% Anglo-French

Loam, 1908 Chinese 5% Crup Loan:

1912

Noter

Chinese 5% Reors. Loan

1913 (Ldn. Is).. Chinese 8% Bte temps (VickerB) Chip. Imperial Rly 5%

Honan Rly 5%

Sukuang Rig 5%, 1911..

Walworth Co.

54

Inter. Paper & Power

187

Warner Bros. Pict.

31

Int. Tel. & Tel.

11

Westinghouse Elec.

105

Kerecott Copper

341

Woodward Iron Cor.

32

68

K. & 8'hal Bank (Col.

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

4.

441

Chase National Bank' National City. Bank

.33*

284*

301

P.cg)

73

nese Eng. & Mining

(bearer)

16/3

DOW JONES AVERAGE

Chosen Corporation Mercantile Bank of In~~

dia, £5, "G"

4/-

1940

• Deo. 1. 1940,

Haiphong (Jokura) Tientain

Mükden Tokyo

Penang

Tsingtao Yokohama

LIFEONG

HANTOWN

NEW YORK

PRIPING

(Peking)

FOREIGN EXCɛanos and General Banking Business-transacted.

QUENEET ACOovem opened, and |- Fixed: DEPOSITS remived" for "One Year or shorter periods in Losal ex Other Currencies" at rates which will be quoted on application.

SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

The Bank's Head Office in London

CURRENT ACCOUnis opened in FOCAL CURRENCY and Fix Deposita received for, one year or shorter

eriods in Local and other Car- undertakes Executor and Trustee encies on terme which will be business, and claims recovery" of British Income Tax overpaid, on uoted on application.

:

Atso up to date Sara DarOSIT terms, which may be ascertained at

acy, of the "Agencies and Branches. Boxes in various sizes To LT.

R. A. CAMIDGE,

Manager.

Hong Kong, 30th November, 1940,

HONGKONG SAVINGS

BANK

The Business of the above Bank 's conducted by the HONGKONG SHANGHAI BANKING 008- PORATION. Rules may be obtain-

d on application.

For the HoraxonG & SHANGHAI BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager:

15, QUREN'S ROAD, CENTRA¡

HEAD" OFFICE:

18, PINE STREET,

NEW YORK

An American Bank offering com- plets Foreign Banking Berrio

in the principal Markets of the

·world..

SAFE DEPOSIT BOXES

This Bank is entirely owned by Тик Chan NationAL BANK. New Yoan, with - Resourose, of oral U.B.$9,900,000,000. -

D. M. BIGGAB,

Bacon Fios Fre

BANK OF EAST ASIA, LIMITED

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

Porfita

5,508,600.00

$2,983,281.50

Head Office:—HONG KONG No. 10 Des Voeux Road, Central..

Board of Directors;

47

BIR SHOPSON Cнow, Chairman LA Koon Cian, Esq. Li Lan Sang, Bag, P. K. Kwok, Bag. Wong Chu Son, Esq Wong Yun Tong, Esq. Fung Ping Wak Esq. Chan Ching that, Bag,

KAN TONG Po, Esq., Chief Manager

LI Ta Fona, Esu, Manager

Branches and Agencies:

Pang Kamion

Blogapore Loudon Mangion Boys Kunila

Balo

Swalow Melbourne Bei Fran- Sydney

Palplag Shangh

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 or

shorter periode in Local and Foreign Cur rencies on terms which will be quoted on application.

BAT CEPOSIT BOXES TO LAT.

KAN TONG PO,

Chief Manager.

CALCUTTA

·KABAGHI KLANG 4UENCIKA: XOBR OLITA BELKİT FAIRGIN PLASM

Hon. Mr. A. L. Shield», Sir Vandeleur M. Grayburn,

Chief Hanager, Į KANTON -

Branches: Johnr

JAWAPORE CERT

KUALA

LUTIPUR KUCHING.

BAIGON

BEREMBAN

SHANGHAI

SINGAPOR

·DIZIAWAN-

SOUTAMIYA

TAIPING

MADBAR- TORGKAN

MANILA

(Bhukot)

TOKORAMA

BATAVIA

Hor IPOH

BOMBAY..

| COLOMBO,

DELHI

MEDIAN

יד

Amay

Hatayin

Bownbay

Calegria

Haiphong

Hackow

New York Beattie

Hasolala

Packe

dexing

Labe

101

High Low Dow Jones Averages 152.80 111.84 "20° Industrials-

Pekin Syndicate

2/-

1021

S'hat Elec. Canetr, Co.... 15/- S'hai Waterworks “A” ...

32.67 22.18' 20 28.45 18 03. 20

Raila

Nor. 29, 181,03 *.15

Bigh Low Close

181.25 137.24,131,00

Change .97 up

28.013 · 27.90 27.97.18 off

13)

90.9

83.06 40

Utilition Bonda

1993

90.08

1011

10

Jalón Insurance Gala Kalumpong Rubber 15/76

20

64.07 48.47 11 Commodity Lader

66.17

Business Done: 340,000 shares

30

Loadie vepronsanamredi

ེ་ ོ་མ་ལ་ལས་ཐགཔ ཡ ཡ,, སཙྩུབ་

381

Lon., Mid, & Scot, Rly, 148 - Great Western Rly.· ́34) National Bank of India 284 B-A Tab, (beater)

Dunlop Rubber

Bristol Aeroplane

86/3 32/~ 10/-

United Steel

20/104

Woolworths

Marsmal Investmenta

Western Holdings

Sub-Nigel

56° 741 57/8: 8/9 157/6

Operating Services for Cargo and Passagers

ΤΟ

(bel, Trand a Trad

(bearer)

83/1

bid..

-ex div.

Spot Dec

apot

"Dec.

Rellers

Opening Closing 0/3-23/32/0/3-47/64 0/3-23/32 0/3-23/32

11.8. Do fars

#5-13/165-27/32 6-13/16 -5-13/18

Market: Uncertain.

Silver Duty Eate

The Central Bank of China's

rate on London at 10 am today was 1/2-1/2d1.jang

(German Issue) · Lung Tsing & U Hal

Rly.5% 1913

hal-N'King. Fuy. 5% Tientsin Pukow Rly. 5%

(Brit Stpd,) Tientsin-Pukow.ly: 5%

(German Btpd.), Tientsin-Pukow Blz. 5%

14

| ' (Brit. Stpd. Supl, Loan) Tientsin-Pukow Ris. 5%

(Ger, Btpd. Supi, Loan) 11

Jap. 8% Bter, Loan, 1924 30

der, 7% Intl. Loan, 1924. 54

The Equalisation rate was 211 Chartered Bank per cent.

.......

HK 8'hal Bank (Lan

| HONGKONGTM

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted on Monday, Dec. 2, 1940,

BALEN

N.C. and 8. Banks ... HE. Docks: (0)")

The total value is $3,3

· 200 (16,80.

700

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN

HAIFHONG

All steamera berth alongside the Roosevelt: Terminal in

the French Concession at

Shanghai, where passengers. and cargo are lauded.

For further particulars

please apply tomy

JARDINE MATHESON&Co.,L TELEPHONE SOSII-GENERAL MANAGERS

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

WANT ADS

INDO-CHINA

BANK OF CHINA

Epecially Chartered by THE NATIONAL GOVERNMENT OF CHINA AÐ AN INTERNATIONAL EXCHANGE BANK: PAID-UP CAPITAL $40,000,000.00

Imperial Chemical Ind. 28/6 STEAM NAVIGATION COMPANY (BEANCHES ALL OVER CRIBA)

500 #101

Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilitibs for Domestic and Foreigu Banking and Exchange.

Head Office:-SHANGHẢI Hong Kong Branch:

4. QUEEN'S ROAD, C. South China" "Officers

CANTUM

SWATOW SHIUCHOW

KONGMOOŃ. TOISHAN V KINGCHOWA We also handle the imus of Bonds and other Public Fands of the Chineso Government both at Home and Abroad

SHOU CHEN,

Manager

20.03 19.89 -19.97

.03 up 90.10 1.03 up 59.63 .16 up