1940-12-17 — Page 10

38-5/8

38-1/8 38-1/4.

38-1/4

'APRIL-JUNE...

38-3/4° . 36-7/8" 37

unch. up 1/8 up 1/4

The market was quiet. LONDON RUBBER

Previous close Today's close

buyers

buyers

Change

Alleghany Steel Co..

"300..

SPOT

*12-1/16

Allis Chelatra, HANSENER

JANUARY

12-1/8

Aluminium Lut

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

DECEMBER 18, 1948

On London:-

Telegraphic Transfer, 1's 7/4 Bank Bills, en demand 1/2 7/8 Credits 4 months' right

On Shanghai----

On demand

On Singapore-

COMMODITY MARKET REVIEW

(FROM

NEW YORK, Dec. 14, 1940.

SINGAPORE KUBMER

SPOT JAN-MARCH

PAYNE ̈& CO). *

Previous

Dec. 14

Clase Opening Closing Change buyers bagers

98-3/4 38-5/8

NEW YORK STOCK EXCHANGE

Adants ExpressTM

QUOTATION

(RAUTER'S-SERVICE)

DECEMBER 15, 1948

Last Safe

TUESDAY, DECEMBER 17, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Epital $50,000,000 |

INDIA, AUSTRALIA ·

AND CHINA

Issued & Fully Paid-Up 40,000,000 Incorporated by Royal Charter, 1986

Reserve Funds;

Paid-Up Capital Reserva Find...

B.K. Currency Reserve $10,000,000 Reserve ability of Pro-

£3,000,000

..£3,000,00

prietors....

£3,000,000.

SKAD OFFICE; LONDON:

Starling........

£ 6,600,000

Reserve, Liability of

STOCKS

Last Sale.

Proprietors

.. $90,000,000

Dec. 14.

Dea, 14

32

Loew's, Inc..

$31

Head Ofce?~HONG KONG 1:

23

Loft Incorperated-

101

37

Mack Truck Ins

281

Board of Directora

75%

Martin, Glen

321

Hon. Mr. J. J. Paterson,

On demand

68 3/4

Ou Japan:-

On demand

On India:-

Telegraphic Transfer.

On Paris:-

On Saigon:-

On demand

Dn Manda:—

On demand

On Bangkok:----

101 1/9

46 3/4

and demand *****.

On New York:---

FEBRUARY APRIL-JUNE

102 1/2 JULY-SEPT.

* 83 1/2

Bank Bills," on demsåld 93 3/8 Crediis, 60 days' night 24 1/8

On Batavia:-

On demand

43°3/4

Bank Billa, on demand Nom. Credits 4 months' sight Nom."

NEW YORK COTTON: Lack of immediate incentive, the market

likely moves with moderate limits for the time “being but with upward tendency as January contracts approach maturity, NEW YORK RUBBER: Consumption of Rubber in the United 'States in November. totalled 64,832 tons, stocka 278,543, tops

and supplies adoat 158,095, tons.

CHICAGO WHEAT: Lack of buying incentive, the market looks

lower.

NEW YORK STOCKS:

Change, of .06

NEW YORK COMMODITY MARKET

12-1/4

Market closed

Anter. CET...

872

McKesson & Robbins, pid. 2450

Chairman,

12-5/10 12-174-

American Cyansmit B.....

35F

Montgomery Ward

371

Roberta Exp

Amer. & Foreign, Fowey

1

Mtain City, Copper Co.

34

Amer & Foreign ST pl. ...

ISE.

National Aviation

101

J. K. Rould, Esq.

Amer. Locomotive

- 181

Nat Dairy Products

13+

A. H. Condo, Big,

Amer. Metals Co.

18"

National Distillers

24

LJ Daries, Eac

Amer Radiatur.....

61

National Lead

Hon. Mr. 9. 1. Dodwell,

Amer. Rolling MMM ...

158

Nat, Fower & Light

Amer. Sting and Ring Co.

43+

National Supply Corp.

K. S. Morrison, Bag,

Amer, Sugar Reining

141

New York Cantal

131

Amer. Tel & Tel

168

Niagare Hudson Power ....

Amer." Tobacco “B”

BDT

N. American Aviation

17

Previous close, 13235; Today's close, 13231;

Amer. Waterworks

North American Co.

161

He Mx A L Shinida Sir-Vandebur M. Grayburn,

Chief Manager.

Anaconda Copper

311

Northern Paciic

Atchison, T. & & Fe.

17+

Owens-Minola Glass Go...

44

Aviation Corp. ****-*

Paclite Gas- d. Eles

281

Amoy

Baldwin Lecometive

177.

Packard Motors-

Bangko

Kobe

Branches: Jobare. Rangoon

Saigon

(REUTER'S SERVICE)

Baltimore & Ohio.....

3

Pan-American Airways

154

SLAWING

Kowloon

Secr

(a) 38," Bishopagsir 1.613

Step-Aeruglen, la, konɖopy

117/199, Leadenhall Street. 505 Wané. Kud. Branch? 14/14, Cookupsie Street, S. WI Minushuesta, Pramodas: Deputy Chairman. 5. 62, Mosley Storey Marcelsoster,

Q. Miskin Em..

Hoa MI. T. E. Pearce,

AGENCIES AND BRANCELTA

ALDR SPARTA

BANGKOK

KINAKOI

·HOND FINIG BANGOON.

BETGOM

.DATAYJA UPOR

BOMBAY

KARACHI KLANG AGENCIES: KOM. Cave

KUALA

LUMPUR

KUORIN

MADIAN

UTLAWAN

SCĢRABATA TAIPING

TOROKAM

RENOTAĻ

TUBANANA

-Gestran

AMKITOJA

CREDUTTA

BEREMBAN,

SHANGHAL

SINNAPPES

PATULIS PLACE

CANTON- DAWNTORY

COLOMBO

MANILA

CIRSTUTES 11

MEDA

Barber Asphalt Co

10+

Prey. Today's

· Paramount Pictures

100

Bombay

On demand ........

149

Barnsdal On

at

On Sterling Notes:-

Bank Buying Rate

Bar Silver per os

Now. "2278

New York Cotton, March ........... New York Rabber, March

ry

Market Repor

FROM RÓZA BIOS,

Monday, Dec, 16, Atver prices were unchanged

over the week-end, the quotation remaining at 227/8 for Ready July and 2213/16 for Forward)) rican Silver was unquoted,

Ame- October

Spot The London/New York CROSS- rate was quoted at 4021/2. New York/London was quoted at 463.- 142

Total sales Friday:-67,700 bales. NEW YORK RIBBER

Chicago Which My

Chicago Corn, May.

**-...... 20.00 V 85*

New York Hides March

50% 12.70

50+

12.85

NEW YORK COTTON

Dec, (New contract) .... January C March

Close 10.18/18

Opening

High Low Close Close Change 10.22 10.17 10.19 10.17 .02 off

20.45 20.31b 20,45 851 85 851 592 591 1271 Closing

Pennsylvania R

221

Calcutta,

Lamp

Shanghai

Bendix Aviation

331

Cantou

Loudon

Bingapore

Philadelphia Read, Coal

"

Chefoo

Bethlehem Steel

88

Lyons

.00 off

Phillips, Petroleum,

411

Colombo

Malaces.

171

off

Public Service of NJ

"29

Dairen

!

Patant

of

Boeing Almplate Co;

17

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

207

Poochow

Muar

ww&bow

Borg-Warner

201

12.70

.OF OFF

Pure Oil

Briggs Mfg.-

29

| Radio · Corpas, of Am.

4

Bankon

Mukden

Change

· Budd Mfasturtus Corp.

5%

Reading Company,

134.

Harbin Com

Canadian Pacific R'way.

31

Hollo

Remington Arms Co., Inc.

>

10.08 N

}

MAY

++

10.19/20

19.09b/iła 10.22/23

10,05%

.04 off

Case, SA

582

Republic Aviation Corp.

41

Ipoh

10.17/17

.03 +#

Celanese...

271

Repablic Steel

22€

•

10.12/12

10.14/15

10.11/11

01 off

Chesapeake & Ohio

424

Revere Corp.

111

Fin

(

9,93/03

9.95/94

0.91/91

.02. 00

Chrysler Corpn.

763

Reynold Tabac. “B”

32

939/19

9.38/38

9.380..

0% off

.Columbia, Ghly. de Elec, ......**

Safeway Stores

42:

10,20 N

10,17

.03 of

Commerch Credit Co,

291

Schenley Distillers

11

Com, & Southern (Ord.) ** 13/10

Sears Roebuck

Consolidated Edison....

Shell Union Qul

111

Consolidated Oil

16

|Socany-Vacunum Oll

.84

various sizes to let

January

2:0:700%

MARKET

March........

20:512

Quiet

MRY.........

20:30h

July (New contract) `.....

20.166

20.150

unquoted 20,681 20.55%

20.456 20.25b/31a.` 20,26b

20.10

.02. off .035 off .05 106

Continental Can

37

Southern Pacific...

8

TRUSTEE" and EXECUTOR

Continental og.

198

Francisco HAIRYING, PRIPING BANLOW

Sourabaya, Sungel

Двірдонд Colore) Tientsin

Tokyo New York Tsingtao Peiping" Yokobama Pengug

FORK GN EXCHAxos and Gentl Banking Business transacted.

CURENT ACCOURT opened and FIXED DEPOSIts received for Oue Year or iboatsɛ parinda in Local or | Other - Currencies as ratas' which

will be quoted on application.

SAVINGS ACCUUrts sho opened” 18 Local Currency and Sterling with interest: allowed, at zatas abitannabla kon spplication.

QURRENT ACCOUNTS opened Local Currency" and Fixed

The Bank's Head Olbos in London Deposits received for one year or undertakes Executor and Trustes shorter periods in Local and Other business, and claims recovery of Currencies which will be quoted on British Income Tax overpaid, on application

terms which may be ascertained at

SAFE DEPOSIT, BOXES of any of the Agencies and Branches

B. A CAMIDGE,

Manager,

(Peking

Southern Rly 35 pid.

221

business undertaken.

Copperweld" Steel

.05 off

Curtiss Wright (0.).

Total sales:-30 tona.

Curtiss Wright. “A”

Deere & Co.........

Distillers Corn. Szagrams. 19

May July

.851/851 802/808

851/851

BOL/B01

801/851 80/80:

⚫ of

Douglas Aircraft

off

Du Pont de Nemours.

Friday's sales:-zoreceived, CHICAGO CORN May July

Eagle Ficher Lead

Eaton Bag Co.

Elec, Antolin

**** 59/501 502/591

592/591

"591/591

off

Efec. Bond & Share

80/691.

591/591

Flec. Bond & Share $5 pt.

NEW YORK HIDES March June

Élec, Bond & Share $8 pí.

12.73/71 12.40/49

12.685/75a 12.70b 12.40b/51a 12.44/44

01 off

Elez, Power & Light 37 p1. Funtkote

.05 POET

Gen. American Trana.

Gen. Westzie

unquoted 4.03-1/2

Gem Motors

Gen. Raliway Signal

Gen. Tire & Rubber Glidden Co.

Gondrich (BE.....

Goodrich $5 pf...

Goodyear Tire & Co,

OF CASH :

Great Northern Iron Ore ... Great Northern Rly, plc. Grear Western Sugar: Greyhound Corpn. Hercules Powder Co. Homestake Mining Int Nickel

STERLING

There were sellers at 1/3 De- cember/January, buyers at 1/3-(CHICAGO WHEAT 1/32 For Cash,

VS. DOLLARS

Some business was arranged at 23.3/4 for Cash, The market closed at 1 pm, with sellers at 23.11/16 Cash, buyers at 23.3/4 for Cash.

SHANGHAI DOLLARS Opened with sellers at 402 lead- ing to business at various rates. At the close sellers for Spot were quoted at 404, buyers at 4041/2.

SHANGHAI MARKET

Opened with sellers of Sterling at 3.23/32 for Spot and at the close at noon sellers for Spot were quated at 3.11/16, U. 9. Dollars sellers for Spot were quoted at 5/8 at the opening, and "at{ the close at noon selfers for Spot weré quoted at 527/32.

AFTRENOON MARKET

Total sales for the day:-17 contracts. ¡N.Y. Official stiver ..... 34-3/4 ¡NY-London Cross Rate 4.03-1/2

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, Dec. 13. The following quotations are the The market was quiet in the middle prices at the close of the afternoon.

STERLING

The market closed with sellers at 1/3 December/January, buyers at 1/3.1/32 for Cash,',

T & DOLLARS

The market closed with sellers

at 2311/16 Cash, busets at 29.3/4. for Cash

SHANGHAI DOLLARS Some business was done at 405.- 1/2 and 405.3/4, closing with seilers at 405.314, buyers bláding 406.

SHANGHAI MARKET Sterling at 3:21/10 and U. 8. Dollars at 5.27/32, both sellers for 8pct.

!

Shanghai Exchange

Shanghai, Dec. 18 (Reuter).

Official TT. Rates

LORDUL

New York

Japan

India

Hongkonu

spot

Doo

Jan.

Spot

Deo

5:314.

24-3/8

market in London. All quotations

RICE IN LIEU

FUKIEN FIRST TO ADOPT MEASURE YUNGAN, Dec. 15 (Central)-- are subject to confirmation and no Fukien is the first province to responsibility is assumed for errors collect land tax in rice, according in transmisedon.

to Mr. Yen Chia kan, Fukien. Com- missioner of Finance.

War Loan 3%, Red,

-after 1952)

Defence Loan, 3%.......

£

102-5/8

Canton-Koon Rly. 5% Chinese 4% Gold Lan 1898 (Brit. Issue) ...... Chinese 5% Gold Bonds,

1925/47**.

101 13

44

42-47

Chin, 41% Anglo-French

Loan, 1908

Chinese 5% Crisp Loan

1912...............

Chinese 5% Reors Loan.

∙1913 +Lda. Is

Chinese 8% Stez. Notes.

1925 (Vickers)

འམཆ

Mr. Yen said that the collection

has been smoothly carried out in

the current year." Many provinces

have now written to the Fuklen

Provincial Government seeking In- formation regarding the detalled measures of collection.

With the collection of land tax

in rice all aur-taxes on land, Mr.

Yen revealed, have been abolished

in Fukten. In case the

farmers

can not pay in rice, they may yet pay in cash.

Mr. Yen lauded the new system

as an important wartime econo

mic mesaure which lightens the

burden of the farmers and at the

same time adjusts the govern

ment's revenue and expenditure to meet its wartime needs,

Inter. Paper & Power Int. Tel. & TEI.

Kennecott, Copper Lakey Foundry & Mac. Libbey-Owens-Ford Glass Lockheed Atreraft ...

1940

DOW JÓNES AVERAGE

High Low Dow Jones Averages

Dec. 15, 1940 Deo. 13, High Low Close

Change

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

Current Accounts opened in Losa). Carrancy and Fixed Deposits re- Second Fice Freza.ceived for one year or shorter

D. M. BIGGAB,

A Job?

MEDUS

159.90 111.84 30. Industrials

32.07 28,7'20' Raite

*9446 1801:30 - Utilition

808 8208 40---Bonda

64.07 42.47 11 Commodity Index

132.35:

$7.85

20,19

·90.84-

68.49

13274 13LOT 13231·

.04 off

17:00 27.80 27.85 ,07 up 20.25. 20.05 KEEP .05.6ff

90961 up

58.35 .14 off

WANT

Business Done: 300,000 shares ADS

INDO-CHINA

STEAM NAVIGATION COMPANY 170

Operating Services for Carpto and Vassengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

sad TIENTSIN

KOHK mid OSAKA

SINGAPORE, PENANG and CALCUTTA

34.

10

Chin Imperial H. 5%

Loan -Honan Ely. 5%

47

101

Hakuang Rly 5%, 1911..

Opening

(LP, N/Y.Issue)

15

8/3-11/18

Hukuang Rly. 5%. 1911

(German · Issue)

13

| Lung Taihe & U Fisi

20-3/8 N 24-1/2

"Rly. 6% 1913

K

dia. £5, ""

101

TO

d'hal-N'King. Rir. 5%

18"

Pekin Syndicate

21-

Tientsin-Pukow Rly: 5%

S'hai Elec. Contr. Co.

15/

(Brit. Stpd.) men

B'haf Waterworks "A"

131

Union Insurance

20

15

Gula Kalumpong Rubber 14/4 Lon, Mid, & Scot, Rly. :13] Great Western Rly... National Bank of India J1 B-A: Tob (bearer)

334

83/0

Dunlop Rubber

31.8

Bristol Aeroplane

10

and cargo ste landed.”

B

Imperial-Chemical Ind. 28/41

HK. & Shai Bank Gen.

Ret.)

United. Steel

21/3

78

Woolworths

52/43

For further particular

please apply com

3.K. & Shal Bank, (Dal

Eeri Chinese Eng. & Mining w

Marzmal Investments

·778-

Western Holdings

: 9/9

Sub-Migel

180

16/3

Shell Trana, & TY

4-

bearer

27/0

Mercantile Bank of Tri-

*bid.

0/3-11/18 0/3-43/04

$5-7/8

5-27/02

Jan.

Starlig

Bellers

Opening Closing" -- 0/3-45/84 0/3-43/84

·0/8-48/54: 0/3-43/64

U.S. Dollars ·

$5-13/16 5-13/16 5-27/32 6-13/16

Market-Inclined to be easy,

Slver Duty Bate.

The Central Bank of China's case on London at 10 am, today was 1/2-1/23.

Tientsin-Pukow £ly, 5%

(German Btpd.) Tientsin-Puko. Rly. ̈5%

(Brit. Stpd. Bupi. Loan) 15 Tientsin-Pukow Rly. 5%

Ger. Stpd. Bupi, Loan) Tap. 8 Ster: Loan, 1924 30 Ger. 7% Intl. Ioan, 1924, A Chartered Bank

(bearer) The Equalisation rate was 21 Chosen Corporation

per cent

SANDAKAN

HAIPHONG-

All steamoraborth alongside the "Roosevelt Terminal in the French Condesalon E

Shanghai, where passenger

periods in Local and Foreign Cur- rencies on terms which will be quoted on application.

SAFE LEPOSIT Born To LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA-

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB ̈AN, INTERNATIONAL EXCHANGE

BANK

Lady

PAID-UP CAPITAL $40,000,000.00 (BRANCHEN ALL OVER CHINA) Owing to our numerous Branehna in Chins sad connections in the grincipal Commercial Centres Of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Mend Omeo:-SHANGHAI Hong Kong Branch:

QUEEN'S ROAD, C South China Offices.

CANTON

SWATOW SHIUCHOW

KONGMOON TUISHAN

KINGCHOW

We also handle the issue of Bonde and other Publis Funda of the Chinese Government both at Home And AbroadLO VALG ST

BROU J. CHEN,

Manager

151

Spleer - Manufacturing Co. 38

*

Standard Brands ....

231

Stand Gas & Elec.

1

211

Standard Ol of California

181

HONGKONG SAVINGS

BANR

Standard Oll of NJ.

33+

78

Stone & Webster

71

The Business of the above Bank

1844

Studebaker Com

A

is conducted by the HONGKONG

101

SHANGHAI BANKING COR

-Swift International

18

Technicolor

99

251

ed on appliostion.

40

Texas Corpn.

意

531

Texes Gulf Sulphur'

361*

BANKING CORPORATION.

Timken-Axle

297

67+

Frans-America Co.

V. M. GRAYBURN, -- Chief Manager.

331

15E

20th Cent. Fox

B

Hong Kong. 25th Feb., 1930.

541

Union Bag & Paper Corp.

124

Union Carbide & Carbon

714

THE CHASE BANK

$31

78

Union Pacifie

501.

United Aircraft

437

151

United Airlines Trans

15

12

United "Corpa

134

13

United Corpn. 19 cum pf. 271 2 United Gas Corpa, ...

18, PINE STAZET,

NEW YORK

United Gas Improvement: 95

184

157

UB., Industrual. Alcohól,

64

U.S.-Rubber

23

201

UB. Rubber -$8- pra,

871

11

US Smelting

BANK OF EAST ASIA,

PORATION. Bules may be obtain- authorized Capital......$10,000,000,00

Paid-Up-Capital 5,508,600.00

For the HosGrond & SHANGHAI - | Reserve and Undivided

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

Board of Directors:

Sia SHOPSON Cxow,"Chairman

16, QUEEN'S ROAD, CENTRAL Komm Chas E! L Lan Bang, Eng.

„HEAD OFFICE:

An American, "Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application

P. K. Kwok, Esq. Wong Chu Bou, Eng Wang Tun Tong, Esq. Fung Ping Was Esq. Chan Ching Shak, Kay, 1

KAN TONG PO, ES, Chief Manager La Ta Foxa, Esq., Manager

"

Amay

Branches and dyencies;" -

Kowloosaur....... "Singapore

KAZOOK Surabaya

Baytow

London Manila

Melbouras

LIMITED

Pordts"

3,983,261.60

Batavia

Berbay

Unloctin

en Fran- Bydney

Halubon

701

UB. Steel

691

Hankow** Naw Tark

Beatti

Vanadium ·

34

́SAFE· DEPOSIT BOXES

Hopolnin

Parts

לי

נתת

531.

Shaagba

Vultee Aircraft

31

י

241

Walworth Co.

51

16

******

Warner Bros. Pict.

31

2

Westinghouse Eec.

103

351

Woodward Iron Cor

321

This Bank is entirely owned by THE CHASE NATIONAL BANE, NEW YORK, with Resources of over U.S.$2,900,000,000..

*4*

43

Chase National Bank National City Bank

284

JARDINE M TELEPHONE KOSIL

THESON&Co.,LTD GENERAL MANAGERS.