1940-12-23 — Page 10

NEW YORK, Dec. 21; 1940.

SINGAPORE RUBBER

& POT

JAN-MARCH

APRIL-JUNE

Previous Dec, 21

Close

Opening Closing Change. buyers buyers 38-1/4 38-1/4 38-1/4 ............. 37-3/4 · 87-3/4 37-7/8 38-1/2 36-1/2 38-5/8

unch. up 1/8 up 1/8

STOCKS

» The market was quiet but steady.

On Shanghai:-

On demand

| LONDON RUBBER

Previous close Today's close

406

Adams Express"

On Singapore:-

buyers

buyers

Change

Alleghany Steel Oc

On demand

11-7/8

Allis Chalmer

11-15/16

Aluminium Ltd

Op demand

10A 1/9

12-1/16

Market closed

Amer. Can.....

On India:

12-3/16

American Cyanamid B...

Telegraphic Transfer.)

JULY-SEPT.

12-3/10

and demand ............................ On New York:-

**Jez 1/3

Amer. & Foreign Power ...

Amer & Foreign $7 pf. ...

Amer. Locomotive

Bank Bills, on demand 93 7/16 Crediis, 60 days' night 24 3/10 On Batavia:—

CHICAGO WHEAT; Favour purchases

advance.

оп rasiness

for moderate

Amer. Metals Co.NDS.

2

Amer. Radiator

Amer. Rolling M

On demand

Amer, Sting and Ring Co.

On Paris:-

Amer. Sugar Rennmg

Amer. Tel, & Tel

Amer. Tobacco “B”

On Exigon:

Amer. Waterworks

On demand

Anaconda Copper

On Manila-

(REUTER'S SERVICE)".

Atchison, T. & 8, Fe.

On-demand 46 7/8

Prev. Today's

Aviation Corp.

On Bangkok:-

On demand ...........

*** 140

High LOW Close Close

Change

Baldwin Lecometive......

On Sterling Notes:-

New York Cotton, March New York Rubber, March

10.17

10.14

10.12 10.15

Bank Buying Rate

Nom.

Chicago Wheat, May

851

1837

Bar Silver per. On

23 1/16

Chicago Corn, May

80%

801

.03 up 20.18b 20.20b .02, up

844

601 801

Baltimore & Ohio

Barber Asphalt Co.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

DECEMBER 21, 1940 "

On London:-

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

On Japan:

8 8 8 8 8 8 8

COMMODITY MARKET. REVIEW

52 3/1S POT

JANUARY FEBRUARY.... APRIL-JUNE

(FROM PAYNE & CO.)

NEW YORK COTTON: Prices advanced on light offerings and on

the firmness of spots,

****༧、**-、--** ྂ3 7/8

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

NEW YORK RUBBER & NEW YORK HIDES: "Expect higher. NEW YORK, STOCKS: Previous close, 128.87; Today's close, 128.80;

Change, up .02.

NEW YORK COMMODITY MARKET

********* 101 3/4

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE) DECEMBER 22, 1940.

MONDAY, DECEMBER 23, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED, BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA

AND CHINA

Authorised Capital $50,000,000

Isued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1856

Reserve Funde

£6,500,000

H.K. Currency Reserve $10,000,000

Proprietors...**

90,000,000

Head Ofco:-HONG KONG

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

Chairman

Q, C. Roberta, Esq.,

Deputy Chairman.

G. Miskin, Esq.

Hon. Mr. A, L. Bhd

Sir Vandeleur M. Grayburn, '

Chief Manager.

Paid-Up Capital Reserve. Fund

Beserve Liability of Pro-

prietors

HEAD OFFICE, LONDON:

38, Bishopagate E.G,2.1^\ San-Agencies In London: 117/122, Leadenhall Street, E.C

West End Branch: 14/18, Cockapur Street, SW ! Manchester Branch: 59, Mosley Street, Manchester, 2 AGENCIES AND BRANCHES

ALOE STAR ANKITBAK

BANGEDI

BATAVIA BOMBAY

CALOUTTA

HABAIN BONG KONG ILOILO CPOR

- KARACHI

KLANG

AGENCIES; KOEK

CZITE STEKET

FAILUL PLACE

CANTON CAWAPORE CEAL

KUALA

ALUKTUR

PINANG

BANG00% SAIGON

BEKEMBAN

BHANGHAI

KINGAPURA SITIAWAN

KQURABAYA

TAIPING

Sterling

Reserve Liability of

Last Sale

STOCKS

*Last Sale

Dec, 21

Dec, 21

Loew's Inc.

314

23+

Loft Incorperated

178

34

Mack Truck Ine..

223+

734

Martin, Glen L....

30

20

861

McKesson

Robeins, pfd. 25

354

Montgomery. "Ward

M'tain City Copper Co.

3.

15

National Aviation

.10

J. K. Bousfeld, Esq.,

151

Nat Dairy Products

131

A. E. Compton, Esq.,

18

81

National Lead

National Distillers .............................

L. J. Davies, Esq.,

231

Hon. Mr. 8. H. Dodwell,

16

15

Nat, Power & Light

42

K. S. Morrison, Esq.,

National Supply Corp.

6.

Hon. Mr. T. E. Pearce,

131.

New York Central

13

186

Niagara Hudson Power

3

89

N. American Aviation

161

Bi

North American Co.

161

261

Northern Pacific

57

Branches:

KUCHING MADRAS

TIKUTBIN

TONGKAR

161

Owens-Illinois Glass Co.

44

Johore

Paclic Gas & Elec

Rangoon

COLOMBU

MANILA

(Bhuket)

28

17

Bangkok

Kobe

Baigou

DELFI

MEDAN

TEINOTAU

Packard Motors

k

31

Batavia

3

Kowloon San

BALPHONG

Pan-American Airways...

151

Bombay

Kuala

Francisco HAMBURG

NEW YORK PEIFING

TOKOHAM

Dj

Paramount Pictures .........

101

Calcutta

841 + off

Barnsdall. Qu

81

Pennsylvania RR

21+

Canton

Londoa

*Singapore

1 'off

Bendix Aviation

331

Philadelphia Read, Coal

3/18

Chefoo Lyons

New York Hides, March....

12.50 12.45

12.50

12.50b

unch.

dethlehem Steel

851

Phillips Petroleum

394

Colombo

Malacca

Sungei

Market Report":

FRUM ROZA BROS.

December, 21, May

Silver prices were quoted at 23.. | July

1/16 for Ready and 23 for For- October

Bliss & Co.

184

NEW YORK COTTON Close

Opening

Closing.

Change

Public Service of N.J.....

281

Dairen

Manila

Boeing Airplane Co.

17

Foochow

Muay

January

9.99 N

10.02/02

10.02 N

03 up

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

251

March

10.12/12

10.18/16

10.15/16

Borg-Warner

187

Haiphong

03 up

Pure Oll

10.05/05

10.10/10

10.09/09

04 up

Briggs Mfg.

Habkow

24

Radio Corpn. of Am.

·41

Harbin

9.83/83

9.83/88,

Budd M'facturing Corp.

#

9.86 N

.03 up

Reading Company, Com

13.

Iloilo

New York Tsingtao Peiping Yokohama

Canadian Pacino R'way

31

9,31 N

9.35/35

9.34/34

.03 up

Remington Arms Co., Inc.

51*

[pob

ward. American Sliver was quoted December at 34.3/4 for Spot.

9.28 N

9.325/258

9.31 N

.03 up

Case, J.I..

531

Republic Aviation Corp. ...

4-

Spot

10.12 N.

10.16 .N

Celanese

27

04.up

Republic Steel

211

The London-New York cross-rate Total sales Friday:-55,400 bales. was quoted at 402-1/2 New York-NEW YORK RUBBER London was quoted at 403-1/2.

Chesapeake & Ohlo

414

MARKET

Qulet

January. March

May

20,35b/40%

20.32b

20.37b

.02 up

Chrysler Corpn.

Revere Corp.

10

742

Reynold Tobac. "B"

31

Columbia, Gas & Elec.

4

Safeway Stores

411.

20.18b

20.18b

20.20b/25a

,02 up

Commercial Credit Co. Com, & Southern (Ord.).

287

Schenley Distillers

10

+

STERLING

The market was a shade easter,

July (New contract)

Some busines was arranged at 1/3 CHICAGO WHEAT

for near delivery. "The market May

closed with sellers at 1/231/32 July

Dec.-April buyers at 1/3-1/32 Friday's sales::-11,675,000 bushels.

19.97/97 19.82b

19.96b/20.00 a 19.99 N

19.75b/850 19,84b

.62 up

Sears Roebuck

77

Consolidated Edison....

213

Shell Union Oil

101

.02 up

Consolidated 011

51

Total sales:-50 tons.

Socany-Vacununt: "Of.

8+

Continental Can ̧ .............

37

Southern Pacide

.71

and

EXECUTOR

Continental. Oli

18]

Bouthern Rlý $5 pfd.

21

business undertaken.

841/841

847/841

841/841

# off

Copperweld Steel

18*

Spicer Manufacturing Co.

35

793/791 791/791

79+/781

off

Curtiss Wright (C.)

87

Standard Brands

61

Lumpur Shanghai HANIOW

Bourabaya

Patani Swatow

(Johors) Tisntein Mukden Tokyo

Редвид

#

(Peking)

FOREIGN EXCHANGE and Genera) Banking Business transacted.

CURRENT Accounts opened and FIXED DEPOSITS received for Ons Year or shorter perioda is Local or Other Currencies at rator which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at raten obtainable CURRENT ACCOUNTS opened on application. in Local Currency and Fixed

The Bank's Head Ofice in Londen Deposits received for one year or undertakes Executor and Trustee shorter periods in Local and Other business, and claims recovery of Currencies which will be quoted on British Income Tax overmañá," on application,

terme which may be ascertained at

SAFE DEPOSIT BOXES of any of the Agencies and Branches. various sizes to let.

R. A CAMIDGE, TRUSTEE

Manager.

HONGKONG SAVINGS

Curtis Wright "A""

281

Stand Gas & Elec.

1

BANK

Cash,

U. S. DOLLARS

CHICAGO CORN

May July

Deere & Co.

191

Standard Ol of California

187

.

Government Securities

Other Securities:-

Total

Business was arranged at 23.3/4

for near and forward. The mar- NEW YORK HIDES ket closed with 'sellers at 23.3/4 for March Cash, buyers at 23.13/16 for Cash June'

SHANGHAI DOLLARS

Total sales for the day:1 contracts.

34-3/4

Business was arranged at 418.N.Y. Official Allver 1/2, 418 and also 415.1/2. The NY-London Cross Rate 4.03-1/2 market closed with sellers at 415. buyers at 415.1/2,

SHANGHAI MARKET Sterling opened with sellers at 3.19/32 Subsequently the

rate dropped to 3.37/64. Towards the close sellers were again quoted at 3.19/32 for Spot. U.S. Dollars open- ed with sellers at 5.23/32 fos Spot. Later the rate dropped to 5.11/18 Last advices indicated sellers at 5.23/32 for 8pot..

Shanghai Exchange

Shanghai, Dec, 21 (Reuter).

Official T.T. Rates

|WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

LONDON, Dec. 19 (Reuter),

Pubilo Deposita. Other Deposits:-

Bankers Other Accounta Total

801/601 601/601 601/601 601/601 80/804 601/60

of

Distillers Corpm. Seagrams

18

Standard, On of NJ.

33)

The Business of the above. Bank

i q

Douglas Aircraft

78

Stone & Webster

71

Du Pont de Nemours

1814

Studebaker Com.

8

is conducted by the HONGKONG SHANGHAI BANKING COR

BANK OF EAST ASIA, LIMITED

12.50/50 12,276

12.48/45 12,15b/30a

12,50b 12.30/30

unch

Eagle Picher Lead

101

Swift International

174

Eston Mfg. Co.....

344

.03 up

Technicolor

81

ed on, application.

Elec, Autolite...................

331

Elec Bond & Share

37

Texas Corpn...........

394

BANKING CORPORATION,

Texes Gulf sulphur

unquoted. 4.03-1/2

361

Elec. Bond & Share $5 pr.

58

Timken-Axle

291

Elec. Bind & Share 3 pt.

68

M. GRAYBURN,

Chief Manager.

Trans-America. Co......

44

Elec. Power & Light $7 pf. Flintkote

314

Hong Kong 25th Feb., 1939. ·

20th Cent. Fox:

6

131

Union Bag & Paper Corp,

121

Gen. American Trana......

55

Union Carbide & Carbon

THE CHASE BANK

48

Gen. Mectric

321

Union Pacifie

75

Gen. Motors

497

United Aircraft

421

Dec. 12

Dec. 19 (000's Omitted)

Gen. Railway Signal

141*

United Airlines Trans ......

151

Gen. Tire & Rubber

114

HEAD OFFICE:

Glidden Co..............

United Corpn

14

13

United. Corpo. $3 cup pf.

201

16,430

12,010

Goodrich (B.F.)

∙131

Goodrich $5 pf.

82**

United Gas Corpn...

13/18

15, PINE STREET, -

NEW YORK.

| United - Gas Improvement

of

115,000

129,270

Goodyear Tire & Co.

183

U.S., Industrual- Alcohol.

231**

52,200

57,660

Great Northern Iron Ore -

15

U.9. Rubber

"D

167,190

181,930

Great Northern' Rly, pfd.".

26

US Rubber $8 pfd.

851*

An American Bank offering com plete Foreign Banking" Bervice in the principal Markets of the world.

POBATION. Rules may be obtain- Authorised Capital $10,000,000,00

Paid-up Capital ....... 5,508,000.00

For the HONGKONG & SHANGHAI { Reserve-and Undivided

Portits

„2,983,261.50

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

Board of Directors!

Biz SHOPSON Chow, Chairman

13, QUEEN'S ROAD, CENTRAL 14 Koon Chan, Esq. Li Lan Sang, Eng,

P. K. Kwok, Eng. Wang Can Son, Biq, Wong In Tong, Esq. Fung Ping Wan Esq. Chan Ching Shok, Koz.

KAN TOND PO, Esa, Chief Manager Lr Tax Fona, Esa, Manager-

Branches and Agencies:

Penang : Blagspare Hangoon

Amoy

KOOS

Bateria

Loudon

Manito

Balgon

dow

110,830

169,130

Great Western Sugaz..****

19

U.S. Smelting

63*

Interest Rates on Application,

I

Laloutta

I

Greyhound Corpn.

109

UB. Steel

681

Discounts and Advances Securities

*3,920"

3,810

Hercules Powder Co.

704

Vanadium.

321*

20,820

20.830

Homestake Mining

50米

Vultee Aircraft ................................

74*

Opening

24,740

24,640

Int Nickel

23

Walworth Co.

51%

London

0/3-1/2

Notes and Coins

20,880

18.040

Inter. Paper & Power.

-15

Warner Bros. Pick

Tutal Bullion

New York

5-9/18

+1,420

1,210

Int. Tel & Tal

21.

Notes in circulation

Westinghouse Elec,

101)

Japan

23-5/8

804,540

*613,180

Kanrecott Copper

354

Ratio of Reserve to Liabilities

Woodward Iron. Cor.

324

India

19-3/8,

Paris

Hongkong

nominal 23-1/4

Sterling

*Sellers

Opening Closing

Spot....***

0/3-19/32 0/3-19/32

Dec.

0/3-18/32 0/3-19/32

Jan

0/3-37/64' 0/3-37/84

U.B. Dollars.

Spot

5-23/32

Dec.

6-23/322- 5-23/32

Jan., *****

35-23/32

5-11/16 6-11/16

Market:-Quiet but steady.

Silver Duty Haté

The Central Bank of China's

rate on London at 10 am

was 1/2-1/24,

Price of Gold at which holdings are valued

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, Dec. 20.

LONDON GOLD

London, Dec. 20 (Reuter),

Bar Gold, Fins per os, 168/-"

The following quotations are the Tientsin-Fukow Rły,5%

middle prices at the close of the

are subject to confirmation and no

Tientsin-Pukow Riy, 5%

er. Stpd. Supi. Loan? - 15

| responsibility is assumed for errors Jap. 8% Ster. Loan, 1924. 27

in transmision.

The Equalisation rate was 22 Canton-Kloon Rly. 5% 13

per cent

Calcutta Exchaner

Calcutta, Dec. 21 (Reuter), T.T. on Japan, 81-1/4

RESERVE BANK OF INDIA STATEMENT

Calcutta, Dec. 18 (Reuter),

Dec. 6 Dec. 13

Notes in circulation

14,56% 108/-

9.30%

Lakey Foundry & Mac.

31°

168/-

Libbey-Owens-Ford

Glaz

392

Chase National Bank National City Bank

Lockheed Aircraft

277

91,01 83.06 40 Bonds

market in London. All quotations

1940

High Low Dow Jones Averagos

(German Sipd.)..

152.80.111.84 30 Industriala

Des. 20,

128.87.

15

32.07 99.15 20.. · Rails:

27.14.

Change .0% up ..03 up

28.46 18.03.20 Utilities

19.56

(Brit. Stpd. Supl. Loan) 15

.03 up

90.60

64.07 48.47 11 Commodity Index

:56,13

90.57 56.07

03 off

Business Done: 420,000 shares

DOW JONES, AVERAGE"

Dec. 29, 1940.

High Low Close 129.39,128.43 128.89 37.27 27.06 27.17 79.63 19.50 19.59

(including Notes held in the Bank“

Ger, 1% Intl Loan, 1924 B Chartered Banz

81

today

War Loan. 31% (Red,

after 1952) Defence Loan, 3%

102-13/16

101

HK. & S'hai Hank (Ldn

Reg

HK. & Shal Bank (Col

Reg)

Chinese 41% Gold Loan.

1808 (Brit. Issue) 44 Chinese 5% Gold Bonda,

-1925 (47 Chin. 41% Anglo-French

Loan, 1908 Chinese 5% Crisp Loan-

1913 Chineze 5% Reors, LoaD

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

1928 (Vickers) Chin. Imperial Rly. 5%'

Loan Honan Rly, 5%

Chinese Eng. & Mining

(bearer)

H

42-47

Chosen Corporation Mercantile Bank of In-

45

dia. £5, "G" Pekin Syndicate

10%

TO

.......

2/-

Bhai Elec. Contr. Co.

15/

20+

Bhat Waterworks "A" ... ··13)

Union Insurance

20

34

Gula Kalumpong Rubber 15/7

Lon, Mid, & Scot., Rly. 13

Great Western Rly.

321

National Bank of India 33

47.

B-A, Tob (bearer)

88/10)

Dunlop Rubber

32/3

ing Department)... 25,578 : 25,533 | Hukuang Rp 5%, 1911.:

Rupee Coin and Bul-

lion in India ...... Gold Cotn and Bul-

3,022

lion in India.... 4.441 Securities (Indian

Government?**** 4.961

Securities (British

CLP. N/Y Izaue)

2,980 | Hukuang Rly.5%, 1011

(German Issue)

4,441 | Lang Taing & Hai Ely. 3% 1913. `4.961 | 8'hai-N'King Rly. 5%

Tientsin-Fukow Bly 5%

(Brit. Stpd.). Tiantain-Pukow Rły, 5%%%

Government) 13.150 13,150 (Figures in Lakhs of Rupear),

Bristol Aeroplane

9/9.

16

འ བང བའ

Imperial Chemical Ind. 28/10

United Steel

21/42

13

Woolworths

-53/4)

Marxman Investments

776

Westen Holdings

9/3

Sub-Nigel

180

Theff. „Trans & Trad.

(bearer)

38/1

ex div.

SAFE DEPOSIT. HOXES

This Bank is entirely owned by THE CHABR NATIONAL BANE, NEW YORK, with Resources of

over U.S.42,900,000,000.

D. M. BIGGAR,

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

Current Accounts opened in Local Currency and Fixed Deposits re Second Vice Press ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on applicationsgat

SAFE LEPOSIT Boxes To E.

A Job

WANT ADS

INDO-CHINA

KANTONG PO,

Chief Manager.

BANK OF CHINA

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

|BANK MARSE PAID-UP CAPITAL $40,000,000.00

STEAM: NAVIGATION COMPANY LIBRAMORES ALL Oves China)

Operating Bervices for Cargo sad Passengers-

SWATOW, SHANGHAL, TSINGTAU, CHEFCO

and TIENTSIN

KOHE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Eosevelt Leminal in the French Concession at Shanghai, where passengers and cargo ate landed.

For further particulars

please apply to-

TARDINE MATHESON&Co. TELEPHONE SOJIL GENERAL MANAGERS

Owing to our numerous Brannhem 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:

RS4G QUEEN'S BOAD, OF

Youth China Opions! CANTON SWATOWN

KONGMOON

MAN TOISHAN SHIUCHOW KINGCHOW

We also handle the issue of Bonda and other Pubito Funds of the Chinese Government both at Home And Abroad

SHOUJCHEN,

Manager.

daw, Tork

Homolala

-Paris

Kobe

Petite

Beattie | DOLTRE Jumagbal