1940-12-04 — Page 10

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

COMMODITY MARKET' REVIEW (FROM. LAYNE & CO.)

EXCHANGE NEW YORK, Nov. 28, 1940,

CLOSING QUOTATIONS

DECEMBER 3, 1940.

On London:-

Telegraphic Transfer. 1/9 7/8 Bank Büle, on demand 1/8 7/8 Credits 4 months' sight

On Shanghai-

On demand 300

On Singapore:--

On demand............... 32 3/4

On Japan:-

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

On India:---

Telegraphic Transfer.

and demand

On New York:—

82 1/2

· Bank Bills, on demand 23 1/8 Credlis, 30 days' sight 24

On Batavis:-

On demand

On Paris:-

të 1/4

Bank Bills, on demand Now. Credits 4 months' tight Nom.

Op Salzon:-

On demand

100 1/2

On Manila:

On demand

46 1/4

On Bangkok:---

On demand On Sterling Notes:-- *

Bank Buying Rate Bar Silver per oz. ....

149 1/3

Now. *22 13/16

Market Repor

SINGAPORE RUBBER

SPOT

| JAN.-MARCH

8' POT DECEMBER

JANUARY

FEBRUARY

APRIL-JUNE

The market was idle.

Prerlous

Nov, 28

unch.

unch.

| 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. Spota today "were quiet but steady. December liquidation is increasing.

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

been fixed at 100 per cent. of capacity,

| CHICAGO WHEAT; At the close of the session, there was a broaden- ing of demand. both from mills and Commission houses. Hedge selling was readily absorbed by increased buying interests. NEW YORK STOCKS: Previous close, 129,78; Today's close. 130.74;

Change, up 36.

NEW YORK · COMMODITY MARKET (RETTER'S SERVICE)

New York Cotton, Dec. New York Rubber, Dec. |Chicago Wheat, Dec.

Chicago, Com, Dec. New York Hides, "Dec. NEW YORK COTTON Dec. (New contract) January March

FROM ROZA BROS.

Tuesday, Dec. 3. Bilver prices dropped 1/16 yes terday for both deliveries, the quotations being 22.13/16. for both Ready and Forward Silver ad- vices reported the market as being May quiet with a small business done.

July American Silver was quoted at: October 34.3/4 for Bpot.

Spot

Close 10.04/04

The London-New York cross--1 Total sales Saturday:—42,300, bales, rate was quoted at 402.1/2. New NEW YORK RUBBER York/London was quoted at 403.

1/2

Quiet.

MARKET

STERLING

Prev. Today's

Closing

שנן 02.

NEW YORK STOCK EXCHANGE

STOCKS

Amer Metala Co.

Amer, Radiator

Amer. Tobacco "B"

QUOTATION

(REUTER'S SERVICE)

DECEMBER 3, 1944, '

Last Sale

WEDNESDAY, DECEMBER 4, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000

INDIA, AUSTRALJA AND CMINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1866

Reserva Funds: "

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

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

Chairman.

Deputy Chairman.]

G. Miskin, Esq.,.

K. 8. Morrison, Esq., Hon. Mr. P. E. Pearce,

Hon. Mr. A. L Shield, Bir Yandeleur M. Grayburn,

Chief Hanager.

CURRENT

Branches:

Jabore Rangoon Kobe

Saigon

prietors.....

£3,000,000 „£3,000,000

£3,000,000

HEAD OFFICE: LONDON:

38, Bishopsgate E.C.R. Sub-Agencies In London: |"117/192," Leadenhall Street, E.GS.

West End Branch:

· 14/16, Cookspur Street, 8.WI Manchester Branch:

59, Mosley Street, Manchester, &

AGENCIES AND BEANCHES-

ALOK KTAR BARDIN PENANG AMRITSAR KOKA KING BANG00% HANGKOK ILOILO

поп

- BATAVIA

BOMBAY CÀLCUTTA

SAIGON

BERIKAN.

TABACH: KLANG

BHANGHAI

SINGAPORE

AGENCIKH :- Ko

CLIFE BETT

FAIRLIN PHAGE KUALA

CANTON

CAWNPORE

CO

COLOMBO

LUXPUX

KUCHING

MADRAS

MANILA

DELAI TUMEDAN HAIPHONG

Francisco HAMBURG

Lyonn Sourabaya

Muar

Patani Swatow

(Johore) Tisatsin Mukden Tokyo New York Tsingtao Peiping Yokohama Penang

J

KANTOW

BRW YORK PRIPINO

(Peking)"

SITIAWAN

BOURASATA

TAIPING

TĶESTRIN

TONGKAR

(Bhuket)

TSINOTAÐ

TOKOHAMA

FORNON Exonaxer and General Banking Business transacted.

CURRENT ACCovers opened....sad FIXED DEPOSITS received for Ons Year or shorter periods in Local 'sa Other Currencies at · rates which will be quoted on application.

Savings Accoum also opened an Local Currency and Sterling with Pinterest, allowed st rates obtainabla

ca application.

The Bank's Head Office in London

ACCOUNTS opened in LOCAL CUBRENOr 'and FixED Daycares received for one year or shorter periods in Local and other Cur- undertakes Executor and Trustee rencies on terms which will business, and claims recovery of British Income Tax overpaid, oo terms which may be ascertained as any of the Agencies and Branches..

R. A. CAMIDGE,

Manager.

quoted on application.

ALO up to date SAT DEPOSIT Boxes in various sizes To Lat. Hong Kong, 30th November, 1940.

HONGKONG SAVINGS

BANK

APRIL-JUNE

"Close Opening Closing Change

buyers buyers 38-1/2 38-3/8 38-1/4 37-1/4 37-1/8 37-1/8 35-7/8 35-3/4. . 35-5/8

"Sterling....

off 1,4 of 1/8 :¤¤ 1/4

Reserve Liability of

Proprietor.....----、、

$90,000,000

The market was quiet. LONDON BUBBER

STOCKS

Last Sale

Dec. 2

·Previous close Today's close

Dec. 2

Head Office:-HONG KONG

buyers

buyers

Change

Adams Express

Loew's Inc..........

31

11-11/16

41-11/16

*unch.

Alleghany Steel Co

231

Loft Incorperated

11-13/16

11-374

off 1/16

Allis Chalmers

341

Mack Truck Inc.

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

11-15/16

11-15/18

Aluminium Ltd. ··········*]).

76"

Martin, Glen L

32

·12-1/16

13-1/16

́12-1/14

12

Amer. Can...................

878

McKesson & Robbins, pit

C. C. Roberts, Esq.

of 1/10

American Cyanamid B..

35+

Mantromery Ward

I

Amer, & Foreign Power

1

Mtain City Copper Co.

J. K. Bousfeld, Esq.,

Amer. di Foreign #7° pl. "...

104*

National Aviation

10

A. H. Compton, Esq.,

Amer, Lokomotive

16

Nat, Dairy Products

13

L. J. Davies, Esq.,

201

National Distillers

Hot. Mr. S. H. Dodwell,

#

National Lead

Amer, Rolling Mill

151

Nat, Fower & Light

Amer, Sting and Ring Co. 447

National Supply Corp.

Amer, Sugar, Refining

131*

New York Cental

Amer, Tel, Tel:

158

Niagara Hudson® Power

31

701

N. American Aviation

171

amer, Waterworks .............

31

North American Co

∙165

Absconds Copper

1971.

Northern Pacific

81

Atchison, T. & 8, TO

181

Owens-Illinois. Glass Co.

474

Amöj

Aviation Corp.

41

Paclic Gas"& Elec

27

Bangkok

Baldwin Lecometive

187

Packard Motors

31

Batavia

Kowlonu San

Baltimore & Ohio

91

Pan-American "Airways

Bombay

Kusla

157

Barber Asphalt Co.

Calcutta

Paramount Pictures.....

Lumpur Shanghai

Barnsdall Of

9

Canton

London

Pennsylvania RR.

Singapore

Chefoo

Bendix Aviation

Philadelphia Read, Coal

Colomba Malacca

High Low Close Close Change 10.12 10.07 10.07 10.09 20,22 20.22 20.13. ·20.23

881 871 671 871

613 617 61 1263 12.51 12.41b 12.54

Opening 10.05/05

Bethlehem Steel

Bungol

Phillips Petroleum

30

Dairen

Manila

Shes & Co.

142

| Publlo Service of NJ:

29

Foochuw

.09 up

Boeing Airplane Co.

18

Pullman. Ing.........................

25

Haiphong

unch.

Borg-WaraX

201

Pure Of

8

Bankov

1 of

Briggs Mig.

24

Radio Corpn, "of "Am.

5

Harbin

13 ap

Budd M'facturing Corp.

51

Reading Company,

Com

14

Iloilo

Change

Canadian Pacific Riway

32

(pob

Reinington Arms Co, Inc. ·

6*

10.08/06

.03 up

Case, J.L

601

Republic Aviation Corp. ...

44

X

M

...... 9.96 N ...... 10.07/08

9.95b/998

9.98 N

.02 up

Celanese

281

Republic Steel

221

10.09/09

10.09/10

.02 up

Chesapeake & Ohio

429

Revere Corp. ...........

11

...... 9.97/97

9.98/08

10.00/00

.03 up

Chrysler Corpn.

771

Reynold Tobac. "B"

324

C 1)

9.76 N

9.75/75

*8.77/78

.01 up

Colombia thay & Học

Safeway Stores

491*

}

9.25/25

9:23/28

9.26/28

.01 up

Commercial Credit Co,

311

Schenley Distillers

103

10.04 N

10.00 N

.02 up

Cam, & Bouthern (Ord.)

+

Sears Roebuck

Consolidated Edison

221

Shell Union Oll

101

Consolidated. Oil

57

Socony-Vacunum OI

BI

December ......

20.49b/48a

20.83b

.08 ap

Continental Can

$71

Southern Pacifc

84

January

March May

*** 20.33b

20.13/18 19.83b

unquoted

20.40 N

.07 up*

Contirental of

191

Southern Rly $5 pfd;

211

20.15b/80m 20,22723 19.98b/20.056 20.00/00

.09 up

Copperweld Steel

10+

Spicer Manufacturing Co

341

H

OT up

Curtiss Wright (C)

#

Standard Brands

81

Curtiss Wright “A”

28.

Stand Gas & Elec....

Decra & Co. ........

201.

Standard Oll of California

174

80/89+ -

891/800

+ up

Distilleza Corpn. Seagrams « 171⁄2

Standard Oll; Gf NJ,

34

871/871

871/88

874/871

nuch

Douglas Algeraft

781

Stane & Webster

77

832/831

- 831/637

83/327

4 off

Du Pont de Nemours

1581

Studebaker Com.

3.

Eagle Pichar Lead

101

"

Swift International

Eaton Mig. Co.

33

-Technicolor

621/628

..613/617.

63163) 82/61

621/621

#off

Sec. Autolite ....

341

Texas Corpa.

383

617-611

unch

Elec. Bond & Share

Texes Gulf Sulphur

July

834/834

81/611 611/014

un ch

Hec. Band & Share 5 pl

571

Timken-Axle

291

?

NEW YORK HIDES December March

Hec. Bond & Share $8 pl.

85

Trans-America "Co.

12.77b 12.41b/438

12.43b/80a 12.77b 12.20b/266 1241b/43a

34-9/4

.32 un 28. Up

Elec. Power & Light 37 pi. Minikote

31

| 20th Cent. FOT.

8

151

Union Bag & Paper Corp.

137

Gen. American Trans.

54

Union Carbide & Carbon

714

Gen. Electric

334

Union Paciic ...

784

Gen. MotorB

497

Gen. Railway Bignal.

151

United Aircraft

421

Gen. Tire & Rubber

131*

Dalted Airlines Trans

151

United Corpn.

1+

aludden Co.

144

Opodrich (BF.) meriter

14

United Corpn. $3 cum pt. · 20

United Gas Corpn...................

15/16

Goodrich $5 DX. ......

United Gas Improvement

10

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

171

Great Northern Iron Ore ..

173

U.S., Industrual Alcohol

211

U.S. Rabber

23+

Great Northern Rly, pið,

281

Interest Rates ou Application.

U8. Rubber 38 pfd.

91

Great Western Bugar

Greyhound Corpm.

101

US," Smelting

SAFE DEPOSIT BOXES

U7.8. Steel

881

Hercules Powder Co.

72°

Vanadium

331

134

Homesteke Mining

Vultée Aircraft

87

responsibility is assumed for errors Union Insurance ...... In transmission..

Int Nickel

231

20

Walworth Co.

5+

EX

At

1/3

for

War Loan. 31% (Red,

after 1952)

1022

Defence Loan, 3%

102

Canton-Kloon Rly. 5% chinese 41% Gold Lan

11

Gula Kalimpong Rubber 15/7 Lon., Mid, & Scot,,, Ely. 144. Great Western Rly... 33 National Bank of India 281 B-A. Tob. (bearer)

Inter. Paper & Power

Wamer Bros. Pict.

31

int, Tel, Tel

**

Kennecott Copper

341

Westinghouse. Elec,

103

Woodward Iron Cor.

1898 (Brit. Izauer [Chin. 41% Anglo-French

Loan, 1908 Chinese.5% Crisp Loan.

371

-85/71 Dunlop Rubber.......... .31/9. Bristol Aeropläne

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

4.

441

Chase National Bank National City Bank

32

281.

301

9/10

40-45'

Imperial Chemical Ind. 28/3 United Steel

DOW- JONES AVERAGE

20/101

Woolworths...

1912 .... Chinese Reorg, Loan.

1913 (Lda. La.)... Chinese 8% Ster. Noter.

192 (Vickers)

19

Mararaan Investments --- Western Holdings

56. 11. 7/0

1940

131,00

30

Jub-Nigel

9 155

27,97

1,050.000

25.45 1803 20

Utilities

1397

thell Trans, &

*Trad

90.90 8208 40

Bonda

90.10

9

(bearer)

82/6

64.07 48.47 P1

Commodity Index 56.53

•-bid.

-ex. div.

Chin. Imperial Rig, 5%

Loart

48

Honan Rly, 5%

14

14

Bogibs

Doingbo

Jadios

Ch

:!!

Henck

Howel

Total sales:-230 tons.

No business was reported, There CHICAGO WHEAT

sellers at 1/3 December.December.......

were

buyers at 1/3.1/32 Cash

V. S. DOLLARS

May

July

حالة

Saturday's sales:-8,678,000 bus

Business was arranged st 23,1/2 | hela;

for December and also for Cash, CHICAGO CORN The market closed with a possible December ..... seller at 23.1/2 for Cash, buyers at May..... 23.9/16 for Cash

SHANGHAI DOLLARS Business was arranged early 1 the morning at 400. The market closed with sellers at 400, buyers at 401

SHANGHAI MARKET Opened with sellers of Sterling

Total sales for the day:-120 NY-Official silver...... unquoted contracts, NY-London Cross Rate 4,04

at 3.47/64 for Spot. The highest LONDON STOCK

rate touched was 3.49/84, Towards the close sellers were quoted at 3.3/4 for Spot. U. &. Dollars sel- lers for Spot were' quoted at the opening at 5.27/32. The highest Last rate touched was 5.29/32. advices indicated sellers at 5.7/8

for Spot.

AFTERNOON MARKET

EXCHANGE

(REUTER'S SERVICE)

London, Dec. 2.

The following quotations are the

middle prices at the close of the market in London. All quotations

4.03-1/2

LONDON METALS

EXCHANGE

London, Dec. 2 (Reuter). Tin, Standard, Cash, Middle Price,· £257-7/8.

Tin, Standard, 3 months, Middle Price, £281-1/8.

Market barely steady.

The market was quiet in there subject to confirmation and"no 3′′hai Waterworks "A"...

afternoon.

STERLING

wete

There

sellers December buyers at 1/3.1/32 Clash,

U. 8. DOLLARS There were sellers at 23.1/2 for Cash, buyers at 23.9/16 for Cash

SHANGHAI DOLLARS Business was arranged at various The market closed with rates. sellors at 897 for Spot,

SHANGHAI MARKET Sterling at 3.49/64 and U. & Dollars at 5.29/32, both sellers. for Spot.

Shanghai Exchange

Shanghai, Dec. 3 (Reuter). Omclal T.T. Rutes"

Longvii

New York

Japin

This

Hongkong

Opening 0/3-11/10

6-3/4 24-3/8 -20-3/8 N 24-1/2

Reffers

SterLux

Opening Closing 0/3-47/640/3,49/64 0/3-23/32 0/3-49/64 0/3-45/64 0/3-3/4

Spot Déc

Jan:

1.8. Dollars

Bpot

85-27/32

$5-29/32

Dec.

Jan.

5-25/32

6-29/32 5-7/8

Bliver Duty Rate

5-13/16

Market:-Quiet but steady.

The Central Bank of China's rate on London at 10 am, today was 1/2-1/24.

The Equalisation rate was 207 per cent.

Calcon Exchange

Calcutta, Dec. 2 (Reader). T1, on Japan. 81-1/4"

| Hukuang Riy.... 5%, 1911..

(LP. N/Y Issue)

Hukuang Rly. 6%. 1911

German Issues Lung Talng & D

Ry. 5% 1913

Kai

S'hai-N'King Rig, 5%... Tientsin-Pfkow` Ply, 6*%*

(Brit. Stpd.) ·

14

12

Tlentain-Pukow Bly, 5%

(German 8tpd.). Tientsin-Pukow Rly. 5%

(Ert, Shpa. Bupl Loạn) i Flentsin-Pukow Rly, 5%

Ger. Stpd, Búpl, Loan).......12

ཤཱ བར སྐ ཐ སླ ྂae ༔ ཡྻ

Jap. 6% Ster. Loan. 1924 30 Ger, 7% Intl. Loan, 1924. 54 Chartered Bank

HK. & Chat Banh (Lan

Reg.

HK. & Shal Bank "(Col.

Beg)

Chinese Eng. & Mining

(bearerinden

Chosen Corporation... Mercantile Bank of In-

dia, 25, "n

Pekin Syndicate...

73

16/3

4/-

108

2/-

|S'hal Elec. Conṛtr. Co. ... 187/-

#

The Business of the above Bank in conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SHANGHAL BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong. 48th Feb., 1930.

THE CHASE BANK

15, QUEEN'S ROAD, CENTRA¡

HEAD OFFICE:

BANK OF EAST ASIA, LIMITED

Authorised Capital......$10,000,000.00 Paid-Up Capital 5,598,000,00 Beserve and Undivided

Ports

..2,083,281.50

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

Board of Directors:

SI

BRONSON Oxow, Chairman

Li Koon Chun, Baqa Li Lan Bang, Eag P. E. Krok. Eaq, Wang Cat Bon, Esq. Wong Jun Tong, Baq. Pong Ping Wah Esq, Chan Ching Shuk, Esq.

2018, PINE STREET, KAN TONG PO, Esq., Chief Manager

NEW YORKLI Tax Fond, Esq, Manager

An American BankTM offering com- plete Foreign Banking Service in the principal Markets of the world.

Branches and Agencies:

Amoy

Majapors

Babaria

Bombay

Lootou Ва Manda

Bourabaya Bwebow

Mabons Fran- dydney

Salpaug

Hadkow

Houskalo.

Pulping

olang ingka

grave Barnag Shangha

High Low Dow Jones Averages. Nov. 30, 182.80 111.84 30 Industrials

3367 22.13.20° Rails

Dec. 3, 1940.

High Low Close Change 13798. 130.54 130.83 – 07 off 28.30 27.95 28.03.06 up 2034 19.91 20.11 14 up”.

90.14 .04 up -69.81

,08 mp Busines Done-480,000 pliazes

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengers

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG And CALCUTTA

SANDAKAN

HAI HONG

All steamers borth alongwile

the Roosevelt Terminal in

the French Concession at

Shanghai, where passengers

and cargo are landed.

For further particulara

please apply to-

JARDINE MATHESON& Co.L TELEPHONE SONI GENERAL MANAGERS

This Bank is entirely owned by T. Our ERINA BI New Yoxx, with Beogrow of oral U.S.$2,000,000,000.

..

Every description of Banking and Exchange business transacted. Loade granted on approvat secarities, D. M. BIGGAR, '-

Current Accounts spened in Local Second Vice Press Currency and Fixed Deposita · re- ceived for G08 Junt" of shorter perioda in Local and Foreign Car- rencies on terms which will be

SATE DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

THE MER BANK qooted on application,

OF INDIA, LIMITED

Head Omde-15, Gragachurch #érant, London, Da

Authorised Capital ..

Habscribed Capital

Paid-up Capital

Lasers sulod kod Klint,” ́

·BANKERS:

"£3,000,000

The Bank of England aňu midlana

Bank Ltd, BRANCHES:

Quila Trengga

dussporá

HONG KONG ERANOME

"Every' discription of Banking and Exchange (bakiem tragalated...a

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

QUEBENT ACCOUNTS

· BANK OF CHINA

· Specially Chartered' by · THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

*BANK

FAID-UP CAPITAT $40,000 ado,00

(BRANCHEs her Ovar OziNA) B (Owing to our nutnešóns Bräzches China and connections: "fr": the principal Commercial; Contime of

¡

TRY M FAKED DEPOSTI, Lol Cut: the World, we are able to extand Crown CERGING: pa kama The may be to our Clients special facilitine for Domestic and Foreign Banking und

scertai+d'ou sit Hontics,

"O. BENSO

What do

you want?

If there is anything" you want to buy "or sell try a small Classified advertise- ment in the Hong- kong Dally Press.

25 words $1.50 prepaid for 3 insertions.

Exchange.

Head Office:- SHANGHAI

Hong Kong Branch:

*4, QUEEN'S ROAD, C.

South Olina Oficer – OANTON

KONGHUAN SWATOW

TOISHAN,

SHIUOHGWKINGCHOW

We also handle the issue of Bondə and other Public Funds of the Chidees Government hoth at Rome and Abroad.

SHOU J, CHEN,