1941-01-01 — Page 10

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The market was dull,

9999 9 9 9 9 9 9 9

415

LONDON RÜBBER

52 3/4

SPOT

JANUARY

FEBRUARY

Transter.

1891/2

APRIL-JUNE

JULY-SEPT.

亨

Bank Buying Rate

Bar Silver per oz.

Shanghai Exchange

Shanghai, Dec. 31 (Reuter).

Official T.T. Rates

On demand

101 1

On demand ........... 46 3/4 On Bangkok:~-

On demand

149

On Sterling. Notes:-

Now, 93 1/8.

CLOSING QUOTATIONS SINGAPORE RUBBER»

DECEMBER 31, 1940

On London:--

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

On Shanghai:----

On demand.

On Singapore:-

On demand

On Japan:-

Or. demand On India:-

Telegraphic

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

"On New York:-

Bank Bills, on demand 23 3/8 Credlis, 80 days' sight 24.1,81

On Batavia-

On demand

On Paris:-

..... 43 3/4

Bank Bills on demand Nom,

Credits 4 months' Eight Nom.

On Saigon

On Manila-

SPOT JAN-MARCH

APRIL-JUNE

The market will be closed on Wednesday, January 1, 1941 (New Year's day),

The market will be closed on January 1, 1941 (New Year's day). NEW YORK COTTON: The market was firm on price-fixings anıd on scarcity of contracts. There is general bellet that higher prices are necessary to check persistent holdings.

NEW YORK RUBBER: Steady on the strength of the foreign mar-

kets.

CHICAGO WHEAT: Trading was on a

Inclines to be slightly bullish.

NOTE: All American markets will remain closed on tomorrow, Jan.

1. 1941, New Year's day).

NEW YORK STOCKS: Previcus close, 130.11; Today's close, 131.04;

Change, up .97.

NEW YORK COMMODITY MARKET

Adams Express

Amer. Radiator

STOCKS

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

COMMODITY MARKET REVIEW

MONEY AND EXCHANGE

NEW YORK, Dec. 30, 1940.

(FROM PAYNE & CO.)

Previous Dec. 29

Close Opening Closing Change buyers buyers

37-3/4 37-3/4

37-3/4

unch.

37-5/8 S7-5/8 37-1/2 36-3/8 36-3/8 36-1/4

DE 1/8 of 1/8

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

DECEMBER 31, 1940

WEDNESDAY, JANUARY -1, 1941.

BANKS

HONGKONG & SHANGHAI | THE CHARTERED ‘BANK OF

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

BANKING CORPORATION

INDIA, AUSTRALIA

AND CHINA

Authorised Capital 850,000,000°

Issued & Fully Paid-Up 820,000,000

Reserve. Funds:

Sterling ...........

£6,500.000 Reserve Fund

curported by Royal Charter, 1858 Paid-Up Capital

.£3,000,000

£3,000,000

Reserve Liability of

prietors

£3,000,000

Last Sale

STOCKS

Last Sale

Proprietors

$20,000,000

HEAD OFFICE: LONDON:

Dec. 30

Loew's Inc.

Bead Uflice-HONG KONG

311

Alleghany Steel Co.

247

Loft. Incorperated

171

Allis Chalmers

Previous close Today's close

Mack Truck Inc.

..buyers

buyers

Change

Aluminium Ltd. Amer. Can

.71

Martin, Glen L

301

.975

McKesson & Robbins, pfd. 25

American Cyanamid B.

373

Montgomery Ward

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

C. C. Roberts, Esq.,

Chairmant

378

12-1/8

Unreceived

Amer. & Foreign Power

Deputy Chairman.

M'tain City Copper Co.

12-1/4

Amer & Foreign $7 pf.

143

National Aviation

101

J. K. Bousfeld, Esq.,

12-1/4

Amer.. Locomotive

161

Nat. Dalry Products

A. H. Compton, Esq.,"

Amer. Metals Co,

183

National Distillers

LJ. Davies, Esq.,

ALOE STAR

HARDIN

Hon. Mr. S. H. Dodwell,

National Lead

171

Amer. Rolling Mill

154

ti. Miskiu, Esq...

| Nat. Fower & Light

K. S. Morrison, Esq.,

Amer. Sting and Ring Co.

431

National Supply Corp.

Hoo. Mr. T. E. Pearce,

Amer. Sugar Refining

141

New York Cential

Amer. Tel, & Tel.

'107

Niagara Hudson Power

14h

Amer. Tobacco “B”

714

N. American Aviation

161

moderate scale. "Sentiment

Amer. Waterworks

North American Co.

163

Anaconda Copper

| Northern Pacific

Atchison, T. & 8, Fe..

180

Owens-Illinois Glass Co....

471

Aviation Corp.

Pacific Gas & Elec

2711

ون الحدي

Baldwin Lecometive

181

Bangkok

Packard Motors

Baltimore & Ohio

Batavia:

Branches: Johore Kobe Kowloon

San

Pan-American Airways

Bombay Auals

Barber Asphalt Co.

Paramount Pictures

101

Barnsdall Of

Pennsylvania RR.

223

Canton

London

Singapore

Bendix Aviation

343

Philadelphia Read, Coal

3/16

Chefoo

bethlehem Steel

861

Phillips Petroleum

40**

Colombo

Malacca

Bliss Co.

191

Public Service of NJ.

283

Dairen ... Manila

Opening

London New York

Japan

Indian

0/3-7/16

5-7/18 23-1/8

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

⠀ (REUTER'S SERVICE)

Low High 10.40 10.30

Boeing Airplane Co.

181

Pullman Iac..........

251

Foochow

Muar

Prev. Today's

Borg-Warner

181

Pure Oll

Haiphong

20.20 20.20

871 861

Close Close Change 10.29 10.39 10. up 20.05 20.126 .07

887 883 toft

Briggs Mig

25+

Rankow

Radio Corpn," of Am.

Harbin

Budd Mfacturing Corp.

.51

Reading Company, Com

קני

Canadian Pacific R'way

Remington Arms Co., Inc.

54*

"Iloilo Ipoh

✔

Case, JI

531

Republie Aviation Corp.

63 623

621 623

Celanese

271

Republic Steel

229

13.16 13.00 Opening

12.93b 13.08b 15 up

Chesapeake & Oblo

Revere Corp.

101

Closing

Change

Chrysler Corpo,

Reynold Tobec. "B"

307

Parts.

Hongkong

nominal 22-7/8

Columbia Gas & Elec. .....

Safeway Stores

42+

January

10:18. N

Sterling

March

10.29/30

10.156/20 10.30/30

10.26 N:

* .08 up

Commercial Credit Co.

283

Schenley Distillers

111

10.39/40

10 up

Com, & Southern (Ord.)

Sears Roebuck.

Sellers

May

10.23/23

10.25/25

10.34/34

.11 up

Consolidated Edison

221

Shell Union Oll

10%

Opening

Closing

July

.10.03/04

10.08/06

10.11/11

.08 up

Consolidated Off

Socony-Vacunum Oil

Spot

Doc.

0/3-17/32 0/3-33/64 03-17/32 0/3-33/64

October

9.48/48

9.49/49

9.59/59

11 ap

Continental Can

381

Southern Pacific

TRUSTEE and

December

9.46/40

9.45b/56a

9.54 N

.08 up

Continental Qu

191

Jan.

0/3-1/2 0/3-31/64

Spot ......

10.30 N

10.40 N

Southern Rly $5 pid.

211

business undertake

.10 up

Copperweid Steel

183-

Spot

U.S. Dollars

$5-9/16

Total sales Saturday: 38,600 bales.

Curtiss Wright (C)

Spicer Manufacturing Co

Standard Brands '

$5-17,32

Curtiss Wright "A"

26+

Stand Gas & Elec.

NEW YORK RUBBER

Dec.

5-9/16

5-17 32

Deere & Co.

213

Standard Oll of California

Jan.

5-17/32

5-1/2

January

Market: Quiet.

Silver Duty Rate

March May....

The Central

Bank of China's July (New contract) rate on London at 10 a.m. today was 1/2-1/2d

20.20b/27a 20,05/05 19.90/90 19.70b Total sales:-400 tons.

20.28b 20.35b 20.10b/25a 20.12b 20.00b/07a 20.00/00 10.80b/90

.15 up

Distillers Corpn. Beagrams

177

Standard Oil of N.J.

33)

.07 up

Douglas Aircraft

778

Stone & Webster

10 up

Du Pont de Nemours..

183

Studebaker Com.

19.85/85

.15 up

Eagle Picher Lead

101

Swift International

178

Eaton Mig. Co.

347

Technicolor

Elec. Autolite

Texas Corpu.

393

The Equalisation rate was 224 CHICAGO' WHEAT

Elec. Band & Share

Texes Gulf Sulphur

354

Elec. Bond & Share $5 pr.

364*

per cent.

May

87/862

871/872

352/801

1 off

Timken-Axle

.1.341

Etec Bond & Share $6 pf.

613

July

811/81

814/812

Calcutta Exchange

September

81/818-

81/81 81//81

Frans-America. Co.

Elec. Power & Light $7 p1.

47 8

i up

20th Cent. Fox.

Flintkote

Calcutta, Dec. 30 (Reuter).

Saturday's sales:-7,167,000 bushels.

Gen. American Trans.

551

Union Bag & Paper Corp. 12)

Union Carbide & Carbon

THE CHASE BANK

'T.T. on Japan, 81-1/4.

Gen. Electric

321

763

CHICAGO CORN

Union Pacific

Gen Motors

481

May

July

September

621/622 621/621 623/822 621/621

63/621

821/621

62#/621

623/623

12.93b/94a 13.16/00 12,86/66 li

12.83/80

13.08b/10a 12.83/83

43-3/4 4.03-1/2

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE).

London, Dec. 27.

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.

War Loan. 31% (Red.

after 1052)

NEW YORK HIDES

March June

Total sales for the day:-147 contracts. N,Y, Official Stiver unquoted NY-London Cross Rate 4.03-1/2

LONDON STOCK EXCHANGE LONDON, Dec. 31 (Reuter) - On the Stock Exchange yesterday,; although business was only of spasmodic character. the under tone was satisfactory.

LONDON METALS

EXCHANGE

London, Dec. 30 (Reuter).

Standard, Cash, Middle

Tin, *Price. £256-5/8.

Furthermore, President Rouse veit's speech and the terms of the new 2-1/2 per cent, war bonds and three per cent. savings bonds, indicating the Government's in tention to adhere to the cheap created u money policy, have

Defence Loan, 3%

103 1011

Canton-Kloon Rly. 6% 13

Chinese 41% Gold Lan

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

1925/47

42-47

Chin. 41% Anglo-French

Loan, 1908

Chinese 5% Crisp Loan.

1912

26+

Chinese 5% Reorg. Loan

1913 (Ldn. Is.)

Chinese 8% Ster. Notes.

1925 (Vickers)

good impressioti,

Chin. Imperial Rly, 5%

Gift-edged holding were rather

Loan

Honan Rly. 5%

18+

shares made headway

Aukuang Rly 5%. 1911...

(LP. N/Y Issue)

Bukuang Rly. 5%, 1011

German Issue)· ....

Lung Tsing U Hai-

Rly. 5% 1913

S'hal-N'King Rly. 5% 18

Tientsin-Pukow Rly. 5%

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

Market quiet.

LONDON GOLD

London, Dec. 34 (Reuter). Bar Gold, Fine per oz., 168/-

inter. Faper & Power Int. Tel, & Tel

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

19.10

DOW JONES AVERAGE

Low Dow Jones Averages Bigh

Industriala 132.80 111.84 30 32.67 22.15 20

Rails "28.45 18.03 20 Utilities 91.01 83.08 40 Bonda 6407 48.47 11

Dec. 28,

180.11

27.86

19.80

Commodity Index

Dec. 31, 1940.

High Low Close 131.85 139.18 131,04 28.16 27.88 27.00 20.00 19.60 -19.79 90.72 50.04

Change

-.07 up

Antherin Caf

.14 up

Subscribed Capital Prin-ap Capital

.01 off Retro Fund and Best, 90.47

.26 up 66.70

.15 up Business Done:-1,180,000 shares"

United Aircraft

421

Gen. Railway Signal

142

United Airlines Trans

16.4

Gen. Tire & Rubber

11#

United Corpn

HEAD OFFICE:

tup

Glidden Co.

131

United Corpn. $3 cum pt. 28

Goodrich (BF)

United Gas Corpn.

2་

18, PINE STREET,

NEW YORK.

Goodrich $5 pt.

611

United Gas Improvement

.15 up

Goodyear Tire & Co.

193

U.S., Industrual Alcohol.

23t

17 up

Great Northern Iron Ore Great Northern Rly, pid,

U.S. Rubber

U.S. Rubber $8.pfd.

841

An American Bank offering com-;

plete Foreign Banking Service in the principal Markets of the world"","

Great Western Sugar

191

U.S. Smelting

84.

Interest Rates ou Application,

Greyhound Corpn.

112

U.S. Steel

Hercules Powder Co

Vanadium

.341

SAFE DEPOSIT BOXES

Homestake Mining Int Nickel

514

Valtee Aircraft

237

Walworth Co.

151

Warner Bros, Plet.

Westinghouse Elec,

1043

371

Woodward Iron Cor.

324

Glass

434

Chase National Bank National City Bank

331-

272*

271

Hon. Mr. A. L. Shields, - Sir Vandeleur M. Grayburn,

Chief Manager.

AMBITUAR BANGKOK BATAVIA

DOMBAY

CALCUTTA

AGENCIES: KOBE CLIVE STATIZ FAIRLIN PLAC

CANTON

CAWNPORE

Rangoon Saigon DELTI

HAIPHONG Francisco HAMBURG Caloutta Lumpur Shanghai BANKOW

Lyons Sourabaya

Sungel

Patani Swatow (Johors) Tientsin Mukden Tokyo

New York Tsingtao Paiping Yokohama Penang

KUALA

LUKPUZ KCOHING MADRAS

MANILA

NEW YORK PEIPING

(Peking)

SITIAWAN

- SOURADATA

ΤΑΙΡΙΚΟ

TIENT IN TONGKAR

(Bhuket)

་

TSINGTAL YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS, opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates - which will be quoted on application..

SAVINGS ACCOUNTS als opened, in Local Currency and Sterling with intereat allowed at rates obtainable CURRENT ACCOUNTS opened on application. in Local "Currency and Fixed

The Bank's Head Office in London Deposite 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 ovarià, ou terms which may be ascertained at

application

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

R. A. CAMIDGE,

Manager.

EXECUTOR

HONGKONG SAVINGS

BANK

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

For the HONGKONG & SHANGHAI. BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager. Hong Kong. 5th Feb., 1839. ..

BANK OF EAST ASIA, LIMITED

Authorised Capital...... 10,000,000,00 Paid-Up Capital

5,598,500.or Reserve and Undivided

Porits

.2,983,281.50

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

Board of Director.- SIR BROPSON Crow, Chairman

15. QUEEN'S ROAD, CENTRAL Li Koon Chan, Esq.

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

D. M. BIGGAR,

Second Vice Press.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office:-15, Gracechurch Streat, London, EC3-

P. K. Kwok, Esq.

Wong Yun Tong, Eaq,

Chan Ching Shok, Esq.

Li Lan Song, Esq.

Fang Ping Wok E.

KAN TONG PO, Esq., Chief Manager. LA TE FONG, Esq., Manager

Branches and Agencies:-

Ko'yloon

Loudou

Nagasaka

Penang

Bingapore Bangoou Buursboys

Raigon

Switow

Ban Fran. Sydney

clano Tintain

Now Toric Beattle

Pariw Piping

couver

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

or shorter periods in Local and Foreign Cur rencio on terms which will be quoted on application.

year

SAFE CEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

38, Bishopsgate E:C.2- Sub-Agencies In London: 117/122, Leadenhall Street, E.Qa West End Braneb:

14/16, Cockapur Street, S.W 1 Manchester Branch: 52, Mosley Street, Manchester, 2 AGENCIES AND BRANCHES

PENAND BONG XOXO RANGOON ILOILO

SAIGON

IPOH

OBRENDAN

KABAGHI KLANG

SHANGHAI

SINGAPORA

CEBU

COLOMBO

MIDAN

Wong Chu Sen, Esq

Amoy

Bata Pla

Bombay

Manila

Calcutta

Melbour

Balphons

Hankow Honolulu

BOL

Semarang Shanghal

£3,000,000

21,500,000 21,000,000

(Brit, Stpd.) »** Tientsin-Pakow Rly. 5%

(German Stpd.)' Tientsin-Pukow Rly, 5%

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

(Ger. Stpd. Supl Loan) 15 Jap. 8% Ster. Loan, 1824

Ger, 7% Intl. Loan,' 1924 6 Chartered Bank

irregular but several industrial

Wall Street was frm.

SILVER MARKET

LONDON SILVER

London, Dec. 30 (Reuter). Bliver Little covering. Small business..

Spot, $23-3/180 Forward, 23-1/8d.

S'hal Waterworks "A" Union Insurance.

134 20

Gula Kalumpong Rubber 15/71 Lon., Mid, & Scot, Rly. 13

Great Western Rly.

321

National Bank of India

32.

B.-A, Tob' (bearer)

89/41

B.K. & Sha! Bank (Ldn.

Reg.)

Dunlop Rubber

32/6

Bristol Aeroplane

9/9

H.K. & 8hai Bank (Col

Imperial Chemical Ind. 29/10)

Peg)

United Steel

21/71

Chinese Eng & Mining

Woolworths....

54/3

(bearer

16/3.

Marsman Investments

7/6

Chosen Corporation..

4/-

Western Holdings

9/6

Mercantile Bank of In-

Bub-Nigel

180

dia, £5, "G"

107

Shell *Trans & Trad.

Pekin Syndicate

2/-

(bearer)

38/9

B'bai Elec. Constr. Co.

15/-

•bid.

-Ex div.:

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Pasongera

TO-

SWATOW, SHANGHAI, TEINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN

HAIPHONG

All steamers berth alongaüle the Roosevelt Terminal in the French Concession nt Shanghai,, where passengers and cargo are landed.

For further particulare

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONE ZOJIE GENERAL MANAGERS

BANKERS: The Bank of England and Midland

Bank, Ltd. BRANCHES:

Bangkok Ipoh

Bombay

Zaffor

Calcula

Kuantan

Handy

Katchi

Kota Bharu

Kua Epis

Colombo

Delhi

Galle

Hongkong

Kasia Trengganu Nadese

New York

Pek

Bangbon

Shanghai

Elml

Howrah Kuala Lumpur Singapore HONG KONG BRANCH: Evory, desoription of Banking and Ezebange Jonainama testimmtară.

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN A CURRENT ACCOUNTS pound in Local Car: revoy, and FIXED DEPOSITS roomivad. In Local Currency & BREBLING du terme that way be ascertainail on api ilration,

D. BENSON,

What do

you

Manager

Want?

If there is anything you want to buy or sell, try 2

*smal Classified advertise-

ment in the Hong- kong-Daily Press,

25 words $1.50 prepaid.

for 3 insertions.

BANK OF CHINA

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

BANK

PAID UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres f the World, we are able to extern to our Clients special Tacilitim. for Domestic and Toreign Banking and Exchange.

Hand Office:-SHANGHAI Hong Kong-Branch:

4, QUEEN'S ROAD, O. South China Offices

CANTON

SWATOW

SHIUCHOW

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bonds nd other Publio Funds of tha hinese Government both at Home and Abroad.

1941-01-01 — Page 10

Comments

Private Research Note