1940-12-24 — Page 10

Daily Press 孖剌西報 All

Series Prev Next Source

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

COMMODITY MARKET REVIEW (FROM PAINE & CO)

MONEY AND

NEW YORK, Dec. 21, 1940.

EXCHANGE

CLOSING QUOTATIONS SINGAPORE RUBBER

DECEMBER 23, 1949

On Landon

Telegraphie Transfer: [/1⁄2 7/2 Bank Bills, on demand 1/8 7/8 Credits 4 months' sight

On Shanghai:-

SPOT FAN-MARCH APRIL-JUNE

Dec, 21

Close Opening Closing Change buyers buyers

38-1/4 38-1/4 38-1/4.

NEW YORK COTTON: Prices advanced on light offerings and on

the armness of spots.

43 7/8

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

On demand

NEW YORK RUBBER & NEW YORK HIDES: Expect higher. NEW YORK STOCKS: Previous close, 128.87: Today's close, 123,89;

Change, up 02

NEW YORK COMMODITY MARKET

Prov. Today's

Close Close Change 10.12.10.15 .03 up 20.18b 20.20b .02 up 841 841 #off

601 601 12.50 12.50b

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICĖ)

DECEMBER 22,

National Distillera

National Lead .......

TUESDAY, DECEMBER 24, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorized Capital $50,000,000

INDIA, AUSTRALIA

AND CHINA

lued & Fully Paid-Up 390,000,000 Incorporated by Royal Charter, 1880

Reserve Funda:

Paid Up Capital £3,00 $ 6,500,000 Reserve Fundamen

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

Chairman.

prietors

£3,000,000 HEAD OFFICE: LONDON:2

38, Bishopsgate E.C.2. Sur-Ageneler In London: 117/192, Lesdenball Street, E.O

West End Branch: 14/18, Cockspur Street, S.W1.. Manchester Branch:

58, Mosley" Street, Manchester, S.

AGENCIES AND BEANCHES:

HARBIN

ALOR STAR IMRITHAR

PESANG

BANGKOK ILOILO

BAIGON

BATAVIA

Iron KARACHI

LANG

BERENAN

SHANGHAI

SINGAPORS

·SITIAWAN

SCURABATA

Miskin, Esq.,

K. 8. Morrison, Esq.,

Hon. Mr. T. E. Pearce,

Hon, Mr. A L. Shield

Sir Vandeleur M. Grayburn,

Chief Manager.

BOMBAY

DALOUTTA

AGENCIES: KOS CLAYS STREET KUALA FAIRE PLACE CANTOX

·CAWNICEL

LUMPUR

LUCHING

TAIPIN

COLOMBO

DELHI HAIPHONG

Calcutta Lumpur Shanghai HANKOW

Patani Swatow (Johor) Tiantain Mukden Tokya New York Thingtao

Yokohama

CURRENT ACCOUNTS opened

MADRAS

MANILA

KEDAX

TIENTSIN

TONGIAM

(Bhuket)

TEINGTAL

NEW YORK : YOKOHAMA PHIPING

(Peking)

FORLION EXCHANGR and Genura) Banking Business transacted.

CURRENT Accounts ¿pened, and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at raten' which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with Linterest allowed at rates obtainäble

on application.

in Local Currency and Fixed

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

terms which may be ascertained of SAFE DEPOSIT BOXES of any of the Agencies and Branches. various sizes to let

RA. CAMIDGE,

EXECUTOR

HONGKONG SAVINGS

BANK

The Business of the above Bank

Manager.

BANK OF EAST ASIA, LIMITED

unch.

Sterling

37-9/4 37-3/4 37-7/8 36-1/2 3841/2|38-5/8

up 1/8

Reserve Liability of

The market was quiet but steady. LONDON, RUBBER

STOCKS

Last-Sale

Last Sale

Proprietorik

$20,000,

Dec, 21'

Dec, 21

On demand

Previous close Today's close

410

Adams Express ·

Loew's Inc..

Head Office:-HONG KONG

311

On Singapore:-----

buyers

Change

Alleghany Steel 00...

·231

Loft Incorperated

" On demand

62 3/4

SPOT

11-7/8

Allis Chalmers .....

361

Mack Truck Inc.

231

JANUARY

11-15/18

On Japan:-

Aluminium Ltd,

Board of Directors: Hon Mr. 3. J. Paterson,

73+

Martin, Glen L..

On demand

108 1/2

FEBRUARY

12-1/18

Market closed

Amer. Can.....

861

McKesson

On India:-

Telegraphic

Transfer.

| APRIL-JUNE JULY-SEPT.

12-3/16

Robbins, pidi. 25

American Cysriamid B

C. C. Roberta," Enq;

354

Montgomery Ward

12-9/16

Amer. Foreign Power

and demand......

82 1/2

M'tain City Copper Co..

Deputy Chairman,}

Amer. Foreign $7 pt.

National Aviation

J. K. Boushald, Esq.,

On New York:-

Amer. Locomotive

151

Nat, Dairy Products

A. H. Compton, Esq.,

8 8

Bank Bills, on demand 23 7/16 Crediis, 60 days' sight 24 3/16 On Batavia :--

CHICAGO WHEAT: Favour purchases

advance.

on easiness

for moderate

„Amer. Metal: 00. .........

L. J. Davies, Esq.,

Amer. Radiator.....

Hon. Mr. S. H. Dodwelt,

Amer, Rolling Mill.......

15 "

Nat, Power & Light

On demand

....

Amer. B'ting and Ring Co.

National Supply Corp.

On Pars

Amer, Sugar Redning ......

13/

New York Cential

130

Amer. Tel, & Tel

166

| Niagara Hudson Power.

Amer. Tobacco "B"

(N. American Aviation

181

On Saigon

Amer; Waterworks in..

North American Co.

101 3/4

Anaconda Copper

201

Northern Packte

Branches:

On Manila: -----

(REUTER'S SERVICEV

Atchison, T. & B ̧ ́Te®

16+

****

Owens-Illinois Glass Co.

On demand

46 7/8

Aviation Corp. -...

季

Padic Gas de Mec

Amoy

Johore

Rangoon

On Bangkok:--

On demand

149

On Sterling Notes:-

Bank Buying Rate

Now.

New York Cotton, March New York Rubber, March Chicago Wheat, May

High - Low 10.17 10.14

Baldwin Lacometire

Packard Motors

Bangkok

Kobe

Saigon

Batavia

Kowloau San

Baltimore & Ohio

Pan-American Airways

131

851

108.

Barber Asphalt Co. Barnsdall Of

Bombay Kuala

Francisco BAMSURO

Paramount Pictures

101

Pennsylvania: R.R.

211

Gaoton

Leadon

Bar Silver per oz.

23 1/18

Chicago Corn, May

New York Hides, March

601 ∙12.50 12.45

801

Bendix Avtation ......

931

Philadelphia Read Coat

$/18*

Chefoo

"Lyons

Singapore Sourabaya

NEW YORK COTTON

Opening,

Closing

unch, Change

lethlehem Steel

85*

Phillips Petroleum

39%

Colombo

Malacca Sungei

liss Co. 1995

161

Public Service of NJ,

281

Dairen

Manila.

January

9.99 N

10.02/02

10.02 N

.03 up

Boeing Airplane, Co.

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

251.

Foochow

Muar

March

10.13/12

10.18/18

10.15/16

03 up

Borg-Warner

.187

Pure Oil

Haiphong

Hankow

May

10.05/05

10.10/10

∙10.09/09

,04 up

Briggs Mig.

Radio Corp. of Am.

Harbin

9.83/83

9.88/38

9.88 N

03 up

Budd Mfacturing Corp.

Reading Company,

Com

Iloilo

9.31 N

9.35/85

9.34/94

.03 UD

Canadian Pacific Rway

3 Remington Arms Co., Inc.

51*

1pon

Peiping

Kepang

9.23 N .. 9.32b/35a 10.12 N

9.31 N

.03 up

Case, VI

53+

Republic Aviation Corp.

10,16 N

.04 up

Celanese

.27

Republic Steel

21+

Silver was unquoted.

Chesapeake & Ohio.

411

Revere. Corp.

101

Chrysler Corpn.

741

Reynold Tobac. "B",

Golumbia Gas de Béc.

May

20,35b/40a 20.326 20.18b 19.97/97

20.37b

02 up

Safeway Stores".

Commercial Credit Co.

287

MARKET

July (New contract)

19.82b

20.18b 19.96b/20.00 19.99 N

19.75b/85a 19.84b

20.20b/253

Schenley Distillers

101

.02 up

com, & Southern (Ord.) ...

Sears Roebuck

.02 up

Consolidated Edison.....

214

.02 up

Shell Union On

101

Consolidated on

Total sales:--50 tons

Socony-Vacunumi Oil-,

Continental Can

Southern Pacific

TRUSTEE end

CHICAGO WHEAT May ....

Continental Oil

181

Southern Rly $5 pfd.

business undertaken.

841/84+

July

791/791

841/841 "701/791

841/841 791/781

-off off

Copperweld Stee!

18"

Spicer Manufacturing Co. 35

Curtiss Wright -(C.)

Standard Brands

Curtiss Wright: "A"

281

Stand Gas & Elec.

Deere & Co.

191

Standard On of California

18+

601/604 601/602

July

601/601

601/602

601/601 60/60

off

Distillers Corpn. Beagrams

181

| Standard. OU· of NJ.

Douglas Aircraft.......

78.

Stone & Webster.

NEW YORK HIDES March

Du Pont de Nemours

181

is conducted by the HONGKONG

Studebaker Com

SHANGHAI' BANKING COR-

June

12.50/50 12.27b

12.46/45 12.50b 12.15b/30a 12.30/30

Engle Picher Lead

105

unch. .03 up

Swift International

171

Eaton Mfg. Co......

34)

Technicolor

ed on application.

Elec. Autolite

331

Texas Corp. .....

.391

Elec Bond & Share

BANKING CORPORATION.

Pornts

Texes Guir Salphur

Elec. Bond & Share 35 pi.

Timken-Axle

201

Elec Bond & Share så pí.

Trans-America, Co.

Elec. Power & Light 37 pt.

311

Hong Kong. 5th Feb., 1930.

20th Cent. Fox.

Flintkote

131

Gen. American Trans, ..............

Union Bag & Paper Corp. 12j* Union Carbide & Carbon : 68

THE CHASE BANK

Gen. Electric

321

Union Pacific

Gen Motors

491

United Aircraft

421

144.

United Airlines Trans

150

114

United Corpn.

11..

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

131

United Corpn. $3 cum pf. 264.

131

United Gas Corpn.

13/16

62*

United Gas Improvement

184

US, Industrual Alcohol....

231*

Great Northern -Rly, pta.

201

U.S. .Rubber

Great Western Sugar

194

US, Rubber $8 prd,

854.

US Smelting

63*

•

War Loan, 31% Red,

after 1952)

Greyhound Corpn.

108

US. Steel

581

Hercules Powder. Co

704

Vanadium

321.

Bombay

Mana

Bourabaya Bwabów

Chinta

Balpboog Hankow

Nagsuka

alano bentan

New York Beitia

Hostela

Pariz

Samertag

Homestake Mining

50*

Vultee Aircraft

74*

'Int Nickel

Walworth Co.

Inter. Paper & Power

Warner Bros. Fict

21*

Westinghouse Elec.

101

351

Woodward Iron Cor..

321

31*

Chase National Bank National City Bank

Market Repon

FROM ROZA BROS,

Monday, Dec. 23.

Sliver prices were unchanged July

over the week-end, the "quotations October

remaining at -23.1/10 for Ready December

and 23 for Forward,

American Bpot

Total sales Friday:-55,400 bales.

The London/New York Cross-NEWORK RUBBER rate was quoted at 402.1/2. New January ...... York/London was quoted at 403-March 1/2"

Easlet.

STERLING

Friday's sales::-11,675,000 bushels. CHICAGO CORN

There were sellera at 1/2.31/32 for nest and forward small buyers at 1/3 January, possibly for Cash U. S. DOLLARS Bellers at 23.11/18 for Spot, May buyers at 23.3/4 for Cash.

SHANGHAI DOLLARS Opened with sellers at 421 and at the close at 1 pm. there were sellers at 434:

SHANGHAI MARKET Weak. Opened with sellers at 3.17/32 and at the close sellers were quoted at 3.7/16. V. 3.

Total sales for the day:-41 contracts N.Y. Official 8ilver 4-3/4 NY-London Cross Rate 403-1/2

Dollars opened with sellers at LONDON STOCK

6.19/32 and last advices Indicated sellers at 5.7/16 for Spot.

AFTERNOON MARKET

The market was quiet in the afternoon.

STERLING

There were sellers at 1/2.31/32 for near and forward, small buyers at 1/3 for Cash,

U. S. DOLLARS There were sellers at 23.11/16 for Cash, buyers ́ ́at 23.3/4 for Cash.

EXCHANGE

(REUTER'S SERVICE)

London, Dec. 20. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.

SHANGHAI DOLLARS

102-13/16 Opened with sellers at 434 and Defence Loan, 3%.. ·101 -

Janton-K'loon Rly.5% 13 closed with sellers' at 436.

SHANGHAI MARKET

Chinese 41% Gold Luan, Sterling 3.7/16

1808 (Brit. Issue) "..............

· Here quoted

44 early in the afternoon and closed Chinese 5% Gold Bonds,

a shade, easier with sellers at

Shanghai Exchange

Shanghal, Dec 21 (Reuter),

Official T/T. Ilates

Opening 0/3-3/8

London ..

unquoted. 4.03-1/2

H.K. STOCK EXCHANGE

With the approaching holiday season a smaller volume of business was recorded, with a steady under- tone prevailing.

BUYERS

Bank of East Asia, $74. Union Ins., $400. HK Fire Ins., $167.50. Wharves, $93.

Providents, $5.70. Hotels, $3.55,

Lands, $33,60.......

Trams, $17.70.

Star Ferries, $81.

Yaumati Ferries, MA Electrics (N), $39.75.

Bandakan Lights, $11.30.

Ropes, $7.05. Watsons, $10.50.

"Entertainments. $7.

Constructions" (0), $1.36.

SELLERS

Gen. Railway Signal Gen. Tire & Rubber Glidden Co.... Goodrich (B.F) Goodrich $5 pf.......

Goodyear Tire & Co. Great Northern Tron Ore -

Int, Tel, & Tel

Kennecott Copper ..... Lakey Foundry & Mac. an Libbey-Owens-Ford Glast 391 Lockheed Aircraft

3.13/32 for Spot. U. S. Dollars 5.13/32, sellers for Bpot.

1925/47 Chin. 41% Anglo-French

Loan, 1908 Chinese 5% Orlap Loan.

1912. Chinese 5% Reorg Loan.

113 (Lán. Is.) Chinese 8% Ster. Notes,

1925 (Vickers)

42-4T

271

25+

DOW JONES AVERAGE

Wharves, $39,

1340

Hotels, $3.75.

Trams, $18.

High Low Dow Jones Averages 152.80 111.54 36′ · Industrials

39.67 22.15 20 Raili

Dec. 20, 128.87

27.14

Chin. Imperial Rly. 5%

Loan

Dairy Farms, $19.29.

26.46 18.03 20

Utilities

19.00

6-3/16

Watsons, $10,7%.

91,01 83.08 40 Bonds

90.60

22-1/2

Joman Rly. 5%

164

Vibro Piling: $7.70.

64.07 48,47 11 Commodity Inder

58.12

58.07 ..06.or

18-3/4

fukuang Rp 5%, 1911...

SALES

Business Done 120,000 shares

nominal

(LP: N/Y Issue)

HK Govt. 4% Loan, $97.50.

Hukuang Rly, 5%, 1911

Providents, 35,70

.German Issue).

Hotels, $3.65.

· Trams, -317.80.

New York

Japan

India"

Parls

Hongkong

"Spot.

Dec. Jan.

8pot...

Dec.

Jan.

........ 22-3/8

Sterling

Bellers

Opening Closing

0/3-17/32-0/3-25/64- 0/3-17/32 0/3-25/84 0/3-83/84 0/3-23/64 U8. Dollar

$5-19/32 $5-3/8 5-19/32 5-3/8 5-0/10 5-5/16

Market:-Uncgrtain.

Bliver Duty Bate

The Central Bank of China's

rate on London at 10 am, today was 1/2-1/2a, 200

The Equalization rate was 221 per cent.

Record-of-performance Canadian

| Lung Thing & U HAJ

Rly. 5% 1813

S'hai-N'King Rty, 5% Mentsin-Pukow Rly. 5%

Brit. Stpd.)

Tientsin-Pukow Aly, 5% (German Stpd.)....... Tientsin-Pukow Rb. 5%

"(Brit. Stpd. Supl. Lown), 15 Tientsin-Pukow Hy. 3%

(Ger.Stpd. Bupi. Loan), 15' Jap. 8% Ster. Loan, 1924-27 Ger. 1 Intl Loan, 1924 6

hartered Bank......

H.K. & S′bal Bank (Lán.

Reg.)

HK, & s'hal Bank (Col.

Pcg)

Chinese Eng & Mining

ོང བ་ཚོ་ ི་ཚ ཁོ་ཚོ་

Cementa, $18.50

Watsons, $10.50,

For the full year of 1940 the

Directors of Trans-Canada Air

Dec. 33, 1940.00)

High Low Close

128,32 128,45-128.80.

97.27 27.06.87.17

Change

...os un

19.63 1950 19.59.03 up

90,37 ..03 off

PORATION. Bules may be obtain-Authorised Capital$10,000,000.00

Paid-Up Capital 5,508,800.00

For the HongKong & Shanghai | Reserys and Undivided

V. M. GRAYBURN,

Chief Manager.

18, PINE STREET,

NEW YORK

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

Interest Rates on Application,

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THE CHASE NATIONAL BANK New York, with Resources of

over U.S.$2,900,000,000,.

D. M. BIJGAR,

Second Vice Press.

A Job?

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Lines budgetted for a het profit Operating Services for Cargo and Passengers

jof $300,000, At the end of August, the actual profit was then in ex- cess of $322,000. Indicating that the profit for the full year will be about twice the estimate.

Great Western Ply 323

National Bank of India 32.

B-A-Tob (bearer)

88/10)

9/9.

Dunlop Rubber

32/3

Imperial Chemical Ind. 28/101"/

16/3

Bristol Aeroplane

4/-

United Steel

101

Woolworthamp

Marsman Investments

15/-

Western" Holdings

131

Sub-Nigd

bell Trana

poultry have made their debut in ¿beareraersko South Africa as foundation stock, chosen Corporation An order for two cockerels and six Mercantile Bank of In- pullets is repórted by the Domin- dia, £5, “Q” ........... ion Department of Agriculture, at Pekin Syndicate. ............ $25 and $15 respectively per bird.js'hat Eler. Constr. Co. Trinidad and British Gulina-have]S'hai Waterworks “A” -preceded South Africa as pur- Unton Insurance,

20 chapers of Canada's best breeding uls Kalumpong Rubber: 15/7k poultry stock:

Lôn; Mia, & Bent, Rly, 131.

(bearer)

bid.

-21/44 53/4Ł

718. 9/3 160

Trad

-38/9

SWATOW, SHANGHAI, TSINGTAU, OBEVOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA,

BANDARAN

HAIPHONG

All steamers berth alongside the Boosevelt Terminal in the French Concession at

Shanghai, where passengesá

and cargo are iodød.

For further particulars

please apply to

JARDINE I

THESON& Co.,Lrn TELEPHONE 3OJIL GENERALMANAGERS

....2,983,281.50

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

Board of Director.

Bia SHOPBOX Onow, Chairman Loon Chan, Bag Li Lax Bang, Kaj.

2. K. Kwok, Maq, Wong Chu Son, Esq. Wong Ton Tong, Esq. Fung Ping Wan Eng. Chan Ching Shok, Esz

KAN TONG PO, Esq., Chief Manager

LY T Foxo, Esq., Manager

디

Betaria

Labe

Branches and Agencies:

Proant

Lacedon Bangoon

"Hingapore

Melbourne San Fr Sydney

Pelping Shanghai

corer

Every description of Banking and

Exchange business transacted Loans granted on approved securities.

Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cor rencies on terms which will he quoted on application.

Bar CRPOSIT Bora To LT.

KAN TONG PO,

Chief Manager:

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

OF. CHINA AS ANG

· INTERNATIONAL EXCHANGE

PAID-UP CAPITAL, $40,000,000.00 ~(BELECHES, ALL" Oyes Caira) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend * our Clients special facilities for Domestic and Foreign Banking and Exchange

Head Omes:--BHANGHAI Hong Kong Branch QUEEN'S ROAD, C. South Chima Offiene?

CANTON KONGMOON SWATOWA

SHIUCHOW

STOLSHAN-A

KINGCHOW

We also handle the issue of Bonds and other Pablie Funds of the Chinese Government hoth at Home and abroad.

1940-12-24 — Page 10

Comments

Private Research Note