1940-12-27 — Page 10

8

Banr Bills, on demand Nom.

Credits 4 months' sight Nom.

On Saigon

...

On demand

On Manila:-

101 3/4

On-demand

46 7/3

On Bangkok

On demand......

149

New York. Dec. 24, 1940.

On Sterling Notes:-

ri

Bank Buying Rate

Now.

Bar Silver per oz.

23 1/8

Calcuna Exchance

Calcutta, Dec. 24 (Reuter). T.T. on Japan, 81-1/4.

CLOSING QUOTATIONS | SINGAPORE RUBBER

DECEMBER 24, 1948

On London:

Telegraphic Transfer. 1/9 7/3 Bank Bills, on demand 1/2 7/8 Credits 4 months” sight

On Shanghai:-

On demand

On Singapore;~

415

On demand............. 59 3/4

On Japan:-

On demand..... 109. 1/2

On India:-

Telegraphic

and demand ...................

IS PO.T

JAN-MARCH APRIL-JUNE

The market will be closed on December 25-26. and January 1, 1941.

Previous close Today'a close

LONDON. RUBBER

S PO.T

JANUARY

FEBRUARY

Transfer.)

er-182 1/4

APRIL-JUNE"

JULY-SEPT.

On New York:-

Bank Bills, on demand 23 7/16.

Crediis, 60 days' night 24 3/18

On Batavia-

On demand

43 72

On Paris:

The market will remain closed on December 25-26, and January 1. 1941.

NEW YORK STOCKS: Previous close 128.89; Today's close, 128.41;

Change, off 48.

NOTE: All American markets will remain closed on Wednesday, De- cember 25 (Christmas Day) and January 1, 1941 (New Year's Day).

NEW YORK COMMODITY MARKET -

(REUTER'S SERVICE)

STOCKS

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

COMMODITY MARKET REVIEW

MONEY AND EXCHANGE

NEW YORK, Dec. 33, 1940.

(FROM PAYNE & CO.)

-J

Previous Dec." 23

Close

Opening Closing

Change

buyers buyers

38-1/4 38-1/4

36-5/B

38-1/4 ST-7/8 37-7/837-7/8

30-5/8 36-5/8-

unch

The market was very quiet.

NEW YORK STOCK EXCHANGE

QUOTATION

(BEUTER'S SERVICE) DECEMBER 25. 1940

FRIDAY, DECEMBER 27,

BANKS

1940.

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000

INDIA, AUSTRALIA AND CHINA

Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charter, 1858

Reserve Funda:

£6,500,000 Reserve Fond

Paid-Up Capital

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

£3,000,000-

-----$9,000,000

prietors

£3,000,000 HEAD OFFICE: LONDON:

Sterling

Inat Bale

STOCKS

Last Sale

Reserve Liability of

Proprietors

0,000,000

Dec. 24,

Dec. 24

Adam's Express mine:

58.

Loew's inc.

31+

Alleghany Steel Co.

Lart Incorperated

17

Allis Chalmers

38

į Mack Truck Inc.

284

buyers

buyers

11-7/8

11-15/16

11-15/18

11-15/18-

Change up 1/18 unch.

Aluminium Ltd.

731

Martin, Glen L

201"

Amer. Can

88

McKesson & Robbina, pid.

American Cyanamid B.

36..

Montgomery Ward

36

12-3/18

12-1/16

Amer. & Foreign Power...

13/16

Mtain City Copper Co.

3

12-3/15

12-3/18

12-3/163 12-3/18

Ames & Foreign $7 pf. ...

141

National Aviation .....

10+

J. K. Bonadeld, Esq.,

amer, Locomotive

154

Amér. Metals Co.

Nat, Dairy Products.........

131

A. H. Compton, E.,

17

National Distillers

2:24

L. J. Davies, Esq.,

Ainer, Radiator

61

National Lead ......

161

Hon. Mr. S. H. Dodwell,

Amer. Rolling Mi

16

Nat, Fower & Light

G. Miskin, Esq.,

Amer. Sting and Ring Co. 421 Amer, Sugar Redning

K. 8. Morrison, Esq.,

National Supply Corp..

51

Hos. Mr. T. E. Pearce,

131

New York Central

134

Amer. Tel, & Tel ...

1661

| Niagara Hudson Power...

3

Amer, Tobacco “B” Amer, Waterworks

601

|N. American Aviation ....

154

Bi

North American Co.....

181

جديد

-Anaconda Copper ........

281

Northern Paclic

54

Atchison, T. & 8, Fe.

171

Owens-Illinois Glass Co. ...

441

Aviation Corp

4

Pacific Gas & Exec

271

Adoj

Baldwin Lecometive

167

Branches; Jahore Bangkok Kobe

Packard Motors

31

Baltimore & Ohio

3+

Batavin

Pan-American Airways

15+

Bombay

Kowloon Kuala

January

Close

9.99/98

New York Cotton, March New York Rubber, March Chicago Wheat, May..... Chicago Corn, Mayna New York Hides, March NEW YORK COTTON`

851 841 614801

12.68 12,55

Close Close Change 10.12 10.13 1 úp 20.20/20 20.20b unch.

84 851 1 up 601 011

up 12530 12.63b ..10 up

Frey. Today's

High Low 10,14 10.09

Barber Asphalt Co.' Barnsdall Ou

Paramount Pictures

101

Calcutta Lumpur Shanghai

时

Pennsylvania RR.

to

Canton

London

Singapore

Bendix. Aviation

39

Philadelphia Read, Coal

3/18

Chefoo

Lyone

Sourshays

ethlehem Steel....................

B5

Phillips Petroleum

401

Colombo

Malacoz

Sungei

Bliss Co.

101

Publla Service of NJ,

231

Dairen

Manila

Patani

aceing Airplane Co.

177

Foochow Muar

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

251

Awatow

Borg-Warner

181

Pure ou

Haiphong (Johors) Tientain

Opening 9.97/97

Closing

Change

Briggs Mig.

241

Bankow

Radio Corpn. of Am, ......

Harbin

Mukden New York

Budd M'facturing Corp.

Reading Company,

Com 121

9,99/99 €

01 up

Canadian Pacific R'way

31

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

March

May

July

Total sales Monday:-41,900 bales. London, Dec, 24. The following quotations are the NEW YORK RÜBBER middle prices at the close of the January market in London. All quotations March are subject to confirmation and no May. responsibility is assumed for errors

in transmission.

10.12/12

10.11/11

10.13/14.

01 up

Remington Arms. Co., Inc.

Iloilo Ipoh

.. Peiping Penang

Tokyo Tsingtao Yokohama

Case, JI..........

531

Republic Aviation Corp.....**

10.05/06

10.04/04

10.08/08

..03 up

Celanese

27*

9.82/82

Republic Steel

211

9.80/80

9.88/86

טנו. 04

1

Chesapeake & Ohio

418

October

December Spot

9.31/31

9.28/28

9.35/35

04 up

Revere Corp.....

104

in

Chrysler Corpn.

74

9.30 N

9.29/23

9.35 N

1,05 up

Reynold Tobac. "B"

-301

Columbia, Gas & Mec.

10.12 N

10.14 N

.02 up

Safeway Stores

31*

Commercial Credit Co.

281

Schenley Distillers

11

Cam, & Bouthern (Ord.)

Sears Roebuck

771

Consolidated Edison

21

Shell Vaton Oil

107

20.356

unquoted

20.20/20

19.98/98

£

July (New contract) ... 19.84b Total sales:-120 tons. CHICAGO WHEAT

20.406

.05 up 20.05b/30a 20.20b/258 unch. 19.95b 19.08b/20.05a unquoted 19.90b

Consolidated Oll

51

Socony-Vacunum Oil

&

Continental Cari

33

Southern Pacific

7#

TRUSTEE and EXECUTOR

Head Dice:HONG KONG

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

Chairman. 0. 0. Roberta, Esq.,

Deputy Chairman.

Hon. Mr. A. L Shield, Sir. Vandeleur M. Graybarn,

38, Bishopsgate E.0.2. Sub-Agencies In London: 117/122, Leadenhall Street, E,Q

West End Branch: 14/18, Cockapur Street, S.WI Manoberter Branch: 59, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES ·

HABBIN FINANG HOKA KONG RANGOON ILOILO

BAIGON

BATAV TA

BOMBAY CALCUTTA

IPON

BERIMBAN

KAZACH KLANG

BRANGEA

BINGAPORE

AGENCIES: KO CLIVE STREET

Chief Manager. Fax Fac

CANTON

CAWN POMI CERU

Rangoon COLOMBO Baigon DELEL Ban

Francisco HAMBURG

RAIPHONG

HANKOWA

F

KUALA

LUMPUR

KUCHING

MADRAS

MANILA MEDAR

NEW YORK

PRICING

*(Peking}

SITIAWAN

BOURABAYA

TAIPING TLANTSIN

TONGKAN

(Bhaker)"

- TWINOTAL-

TOKOHAMA

FOREIGN EXCHANGE and General Banking Businem transacted.

CURRENT ACoors opened and FIXED DEPorrs received for One Year or shorter periods in Local on 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.

CURRENT ACCOUNTS opened Local Currency and Fixed

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

tegms which may be ascertained at

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

B. A. CAMIDGE,

Manager,

ALOK STAR

AMBITGAR

BANGKOK

Continental Oil

184

Southern Rly 35 píd.

201

business undertaken,

.06 up

Copperweld Steel

18

splɛer „Manufacturing Co. 363

Curtiss Wright, (C.)

Curtiss Wright "A"

Deere & Co

War Loan. 34% (Red,

May

841/841

ale: 1952)

103

..

| July

791/791

841/841 851/851 791/791. 801/801

1 up

Distillers Corpn. Seagrams

บ

Douglas Aircraft

Defence Loan, 3%,

101

Saturday's sales:-unrecd.

Du Pont de Nemours

Danton-Klson Rly, $% 13

CHICAGO CORN

Eagle Picher Lend

Chinese 41% Gold Loan

1898 (Brit. Issue) Obluese 5% Gold Bonds,

1925/47

44.

May

601/601

Eaton Mfg. Co.

0017601

81/81

7 up

July

60/80

Elec."Autolite

602/601

81/611

1 up

Elec, Bond & Share

42-47

NEW YORK HIDES

Elec, Bond & Share $5 pt.

Chin. 44% Anglo-French

Loan, 1908

45

March June

12,53b

12.62/55

12,32/32

12.30b/38a

12.63b 12.40b

10 up

Elec, Bond & Share $6 pt.

.08 up

Elec. Fower & Light $7 pf.

Chinese 5% Crisp Loan.

Total sales for the day:-95 contracts.

mintkote

1912

Chinese 5% Reorg, Loan,

1913 (Lan. La.)

34

Chinese 8% Ster. Notes

1925 (Vickers)

10

Chin. Imperial Rly, 5%

Loan

47

Honan Rly, 5%.....

Hukuang Rly. 5%, 1911...

(L.P. N/Y Issue)

ཚུ་སྐུ་ལྷ་ང་སྶ

261

N.Y. Official Silver 34-3/4

Gen. American Trans

| NY-London Cross Rate 4.03-1/2

84-3/4 4.03-1/2

Den. Electric

Gen. MotorS

Gen. Railway Signal

Geri. Tire & Rubber

U.S. LOANS

161

Hukuang Rly. 5%, 1911

(German Issue)

13

Lung Tsing & U Hai

Rig. 5% 1913

14

S'hai-N'King Rly. 5% ...

16

Tientsin-Pukow Rly. 5%

(Brit. Stpd.)

15

Tientsin-Pukow Rly. 5%

(Derman Bipd.) Tientsin-Pukow Rly. 5% (Brit Stpd. Bupi. Loài) Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan) Jap. 6% Ster. Loan, 1924

15

15

15

28

Ger, 1% Intl. Löan, 1924 6 Chartered Bank

81

'H.K. & 8'bai Bank (Lan.

Reg.)......

78

2

H.R. 8hal.. Bank (Cal.

Peg?

81

Chinese Eng. & Mining

CO-OPTS

(bearer

16/3

Chosen Corporation ".....

4/-

Mercantile Bank of In

KWEILIN, Dec 26, (Central)— The co-operative enterprises 1

dia. £5, "0"

101

Pekin Syndicate

2/-

Up to the end of the current

S'hat Bec. Constr. Co.

15/-

Shal Waterworks “A” Union Insurance

134

20

Qula Kalwmporig. Rubber 15/3.

Lon.. Mid, & Scot., Rly.

131

Great Western Fly.

321

National Bank of India: 32

R-A Tob (heater) 4******

88/9

Dunlop Rubber

·Tristol Aeroplane

32/7} 9/9

Imperial Chemical Ind. 29/41.

..United Steel .......

Woolworths.

21/7 53/9

Marxman Investments. 776

Western Holdings

9/3

Bub-Nigel

160

& Trad.

40

-ex, div.

Inter. Paper & Power Int. Tel & Tel

Kentecott Copper

and

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

Abell Trans

*-bid.

LONDON METALS

EXCHANGE

London, Dec. 4 (Reuter).

Standard, Ossh, Middle

Price, £257-1/8.

Tin, Standard, 3 months, Middle Price: £259-7/8.

FOR CHINA'S RECONSTRUCTION

SCUTTLING "NOT INSURED RISK

Judgment for three Lloyd's un- derwriters was given in the King's; SAN FRANCISCO, Dec. 26 (Reu. Bench Division recently to test ter)--Three Chinese financiers actions relating to British cargoes from Shanghal arrived here to which were in German ships when arrange for loans for the recon- war began. Claims involving mil- struction of China;-

lions of pounds were said to de- They are P. C. Young, of the pend on the decision. Kincheng Banking Corporation, "C. The cargo owners claimed that. 8. Liu, of the China Development their losses were covered by in Finance Corporation, and Fred Surance policies, The underwriters, Sze, of the Joint Savings Com- Mesars. Robertson, Kann pany.

Rickards. contended, that they They will remain "here for two were not liable because the losses or three days before heading for were due to orders given by the Washington to confer with Gov-German Government. The ships jernment "officials and Mr. T." V. concerned were the Wangoni. Soong, special Chinese envoy. ...which reached Hamburg, and the Halle and the Minden, which were scuttled.

KWANGSI

"

FOR HONGKONG Mr. Justice Hibery said the Minden left Buenos Aires on Aug.

Kwangst ure making big strides 10 for Hongkong & Shanghai, her

year, the number of co-opera-Forestal Land, Timber and Hall- cargo including goods belonging to tives has reached 15,937, with #

total membership of 524:638 per- ways Co. Ltd. In September "she

song and an aggregate share capital of $731,488

SILVER MARKET

LONDON SILVER

London, Dec. 24 (Reuter). Silver-Little bear covering in the" absence of sellera Bustness very small, Market steady.

Spot: 23-1/44, 2-

Forward, -23-3/181. --

BOMBAY SILVER

Bombay, Dec, 24 (Reuter), Market-Quiet, Offtake 20 bars. indian Mint Silver Ready.... Dec. 27 Settlement. 62-01 Jan, 22 Bettlement. 62-01

LONDON

* 62-03

GOLD

London, Dec, 24 (Reuter).

Bar Gold, Fine per or, 168/→

was scuttled in, the North Atlantic,

In the presence of a British war ship.

The German Government order-

Glidden Co,

Goodrich (B.F)

Goodrich $5 pf.......

„Goodyear Tire & Co.-....................

Great Northern Iron Ore . Great Northern Ely, pfd. Great Western Burar Greyhound Corps. Hercules Powder Co Homestake Mining Int Nickel

1840

DOW JONES AVERAGE"

High Low Dow Jones Averages 152.80 111.64 30 Industrials

72.67 29,16 20 Rails 26.43 18.03-20 Utilities

Bonds 91.01 83.00 40 64.07 48.47 11 Commodity Index

Dec. 25, 1940. Dec. 23, High Low Close

Change

128.41

129.47 128.08 128.4948 up

27.10

· 97.32 £7.00 27.30

.10 up

19,54 .90.50 BB11

10.07. 19.47 10.61

M up

90.43 BA,40

07, off 20 up

Business Done: 880,000 shares

HONGKONG SAVINGS

BANK

The Business of the above Bank

is conducted by the HONGKONG & SHANGHAI BANKING. COR- PORATION. Eules may be obtain ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, th. Feb., 1939.

|

BANK OF EAST ASIA, LIMITED

Authorised Capital...$10,000,000.00 Paid-Up Capital Reserve and Undivided

Ports

4,608,800.0P

***2,953,261.50

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

Board of Director

81x SHOPSON Onow, Chairman

15, QUEEN'S ROAD, CENTRAL Li Koon Chan, Baqa Li Lan Bang, aq,

18, PINE STREET,

NEW YORK

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

SAFE DEPOSIT BOXES ..

This Bank is entirely owned by The CHASE NATIONAL BANK, NEW YORK, with Resources of

over U.S.82,900,000,000,

D. M. BIGUAR,

Second Vice Preas,

A job?

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD,

ed that German-owned merchant Operating Services for Cargo and Passenger.

snips were to take refuge in Be tra porta, or to return to Ger many, or, to be scuttled.

Mr. Justice Hilbery held that when the captain sailed from Rio there was a "restraint of princes or peoples" exercised over the plaintiffs' goods, "Restrain; of princes" was a peril excepted from the policy. by a voluntary free clause.

The master'a substitution of destination was a warlike opera- tion with a military objective: As. the voyage was a different one. from the insured voyage, the claim for actual loss by scuttling also féued ty

The Judge added that the other two cases must be decided on much the same reasoning.

TO-

الله

-SWATOW, SHANGHAL, TSINOTAU, CHEFOO

and TIENTSIN

KOHE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

steamers borth alongside the. Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed."

For further particulars

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONE ZOJIL • GENERAL MANAGERS

P. H. Kwok, Esq.

Wang Cha Son, Baq. Wong Yun Tong, Esq. Fang Fing Wan Eng. Chan Ching Shok, Esq.

KAY TONG Po, Esa, Chief Manager Lr Tax Fora, Esq., Mandger

Branches and Agencies:

Korido

Hingapore.. Hangoon Sourabay's

Bwsbow

Shangil

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

Current Acousta opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur rencies oD

terms which will be moted on application...

SAFE CEPURET BOZES TO LET. 1.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

OF CHINA AS AN " INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHER ALL OVER CRIBA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Cliente special facilities for Domestic and Foreign Banking and Bichanga

Head Office:SHANGHAI

Hong Kong Branch

4) QUEEN'S BOAD, C.- South China, Offonas CANTON SWATOW

KONGMOON TOISHAN DA

BAIUCHOWKINGCHOW.

We also handle the insos of Bonda and other Public Funder of the Chinese Government, both at Home and Abroad:

CHEN

81

Standard Branda

23

Stand Gas & Elec.

1

201

Standard Oil of California 181

181

| Standard Oil 01 N.J.

331

75+

Stone & Webster

7}

1834

Studebaker Com.

74

10+

Swift International

171

341

Technicolor

81

341

Телая Стра

31

Texes Gulf Sulphur.

364

58

Timken-Axle.......

301

661

Trans-America Co.

4

31

| 20th Centu For

*141

Union Bag & Paper Corp. | 111

544

Union Carbide & Carbon

68

THE CHASE BANK

924

Union Paciile

75

487.

United Aircraft

41;

137

United Airlines Trans

15#***

114

United Corpn

1

HEAD OFFICE:

127

United Corpn. 33 cum pt.

284

13

United Gas Corpn.....

13/164

63+

United Gas Improvement 91

184

U.S., Industrual Alcohol.

231.

15

U.S. Rubber

213

26L

US, Rubber, $8 pfd,

BB4

191

U.S. Amelting

631

Interest Rates on Application,

111

UA. Steel..

887

·721

Vanadium

33

51

Dataris Bombay

Loudos

Calouste Baipbony

Baskow

Mabour Dan Fran Eagan New York Beatti

Hamsiuix Love

Bethany

Polit

Vultee Aircraft

31*

221

Walworth Co.

5+

141

Warner Bros Pict

-31

21

Westinghouse Elec..

1011

351

Woodward Iron Cor.

311

33

411

Chase National Bank National City Bänk

324

201..