1941-01-04 — Page 10

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

37-3/4... 37-3/4

unich.

of 1/8 off 1/8

STOCKS

The market was dall,

415

The market will be closed on Wednesday, January 1, 1911 (New Year's day).

Adams Express

Alleghany Steel Co.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

* COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

MONEY AND EXCHANGE

NEW YORK, Dec. 30, 1940.

JAN-MARCH

CLOSING QUOTATIONS | SINGAPORE RUBBER

JANUARY B. 1941

On London:----

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

On Shanghai -

On demand

SPOT

APRIL-JUNE

Previous Dec, 29

Close Opening, Closing Change buyers buyers

NEW YORK STOCK EXCHANGE

QUOTATION

(REUTER'S SERVICE)

JANUARY 3, 1941

SATURDAY, JANUARY 4, 1941.

BANKS

& SHANGHAI THE CHARTERED BANK OF

INDIA, AUSTRALIA

HONGKONG

BANKING CORPORATION

Authorised Capital... $50,000,000

AND CHINA

Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1850

Reserve Funda:

Paid-Up Capital £6,500,000 Reserve Fund

Sterling

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

£3,000,000

59,000,00€

Last Sale

STOCKS

Last Sale

Proprietors

$90,000,000 ||

Jan, 2

prietors

....£3,000,000 HEAD OFFICE: LONDON:

Jan. 2.

61

Loew's Inc.

Head Office:-HONG KONG

321

24+

Loft Incorporated

181

On Singapore:-

LONDON RUBBER

On demand

02 3/4

buyers

Previous close Today's close

buyers"

Allis Chalmers

351

Mack Truck Inc.

301

Change

Aluminium Ltd.

70°

Martin, Glen L.

30

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

On Japan:-

Amer.. Can.....

891

SPOT

12

McKesson & Robbins, pid. 25

On demand

LOZ 1/2

JANUARY

12

American Cyanamid B.

378

Montgomery Ward

371

On India:-

FEBRUARY

12-1/8

Unreceived

Amer. & Foreign Power

I

M'tain City Copper Co.

Chairman. 0. C. Roberts, Esq.;

Deputy Chairman

3+

Telegraphic Transfer. and demand

JULY-SEPT.

Or Manila:--

On demand

On Bangkok:-

40 3/4

........ 149'

Now. 23 5/16

Friday, Jan. 3.

quoted were

On demand

On Sterling Notes:-

Bank Buying Rate

Bar Süver per oz.

Market Repor

"FROM ROZA BROS.

Silver prices

at New York Cotton, March 23.1/4 for Ready and 23.3/18 for New York Rubber, March

Forward. American Silver was

Chicago Wheat, May

On New York:—

82 1/2 APRIL-JUNE

Bank Bills, on demand 23 3/8 Credlis, 80 days' sight 24 1/8

On Batavia-

On demand.............. 43 3/4

On Paris:-

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

On Saigon:-

On demand ............. 101 1/2

The market will be closed on January 1, 1941 (Néw Year's day). NEW YORK COTTON: The market was firm on price-fixings and

ori scarcity of contracts. There is general bellef. 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

inclines to be slightly bullish.

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

1, 1941 (New Year's day),

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

Change, up .97.

NEW YORK COMMODITY MARKET

Barber Asphalt Co. Barnsdall Ou

12-1/4

Amer & Foreign $7 pt.

16

National Aviation

10

"J. K. Bousfeld, Esq.,

12-1/4

Amer. Locomotive

16

Nat, Dairy Producta

134

A. H. Compton, Esq.,

Amer. Métals Co.145

181

National Distillers

23+

L J. Davies, Esq.,

ALOR STAR

Amer. Radiator .....

61

National Lead

Hon. Mr. S. H. Dodwell,

174

Amer. Rolling Mil

147

Nat. Power & Light

G. Miskin, Esq.,

87

Amer. S'ting and R'ing Co. 42)

National Supply Corp.

K. S. Morrison, Esq.,

57

Amer, Sugar Refining

15

New York Central

137

Amer. Tel. & Tel

168

Niagara Hudson Power

3

Amer. Tobacco "B"

718

N. American Aviation

184

a moderate scale. Sentiment

Amer, Waterworks Anaconda Copper Atchison; T. & 8. Fe. Aviation Corp. Baldwin Lecometive Baltimore & Ohio

61

North American Co.

161

261

Northern Pacific

61

Branches:

18

Owens-Illinois Glass Co....

431

47

Pacific Gas & Elec

271

Awoy

Johore

181

Packard Motors

31

Bangkok

Kobe

Baliguon Saigon

Batavia

31

Kowloon San

Pan-American Airways

151

Bombay

Kuala

Francisco HAMBURG

91

Paramount Pictures "

101

Calcutta Lumpur

8

Shanghai HANKOW

Pennsylvania RR

227

Canton

London

Singapore

Bendix Aviation

33

Philadelphia Read, Coal

*

Chefoo

- Lyons

Sourabaya

bethlehem Steel

861

Phillips Petroleum

40

telemto

Malacca

Sungei

Bliss Co,

183

Public Service of N.J.

29

Dairen

Manila

(REUTER'S SEKVICE)'

doeing Airplane Co.

171

**

Pullman Inc..

254

Foochow

Muar

Patani Swatow

NEW YORK, Jan. 2, 1941.

Borg-Warner

184

Pure Oil

81

Haiphong

(Johors) Tientsin

20.20

High Low 10.48 10.40 20.00 87) 801

Prev. Today's

Close Close Change 10,43 10.42 20.12b 20.20

Briggs Mig.

244

Bankow

Radio Corpn. of Am.

41

Mukden Tokyo

Budd M'facturing Corp.

5

Harbin

Reading Company,

Com

13).

Iloilo

.01 off

Canadian Pacific R'way'

34

Remington Arms Co., Inc.

51°

Ipoh

.08

up

Case, I...............

541

Republic Aviation Corp.

87

87

unch

Celanese

27

Republic Steel

211

quoted at 34.3/0 for Spot.

The London/New York

Chicago Corn, May New York Hides, March

631

6211

631

621

1 off

Chesapeake & Ohio

拉

223

Revere Corp.

10%

13.45 13.19

13,05

19.25b .20 up

Chrysler Corpo,

'691

cross

Reynold Tobac. "B"

321

1/2.

MARKET

STERLING

Cash

U. S. DOLLARS

rates was quoted at 402.1/2. New NEW YORK COTTON

York/London was quoted at 403-January

Extremely dull.

There were sellers at 1/2.31/32 | Spot January/March, buyers at 1/3.1/32

Total sales Tuesday: 86,800 bales. NEW YORK RUBBER January

Columbia Gas & Elec.

41

Close

Opening

Closing

Change

Safeway Stores

44

Commercial Credit Co.

201

Schenley Distillers

101

10.31 N

10.37/37

10.32 N

.01. up

Com, & Southern (Ord.)

13/16

Sears' Roebuck

777

March

May

July

October

December

10.43/43 10.38/38

10.45/45

10.42/42

.01 of

Consolidated Edison.

22}"

Shell Union Oil

114

10.40/40

10.37/37

.01 off

#

Consolidated Ol

57

Socony-Vacunum of

&

10.18/20

9.63/64

10.19/18

10.16/18

.02

off

Continental Can

381

9.83/83

9,58 N

Southern Pacific

8

9.59 N 10.43 N

9.80/60

9.54 N

.05

..05 off

off

Continental 'ON

191

Southern Rly $5 pid.

202

SAFE DEPOSIT BOXES various sizes to let. and TRUSTEE business undertaken.

EXECUTOR

Hon. Mr. T. E. Pearce,

Hon. Mr. A. L. Shield

Sir Vandeleur M. Graybure,

Chief Manager.

New York Tsingtao

Paiping Yokohama Penang

IPON KARACHI KLANG

AGENCIES: KOBE

CLAVA ÜRET PARLIE PLACK CANTON CAWNPOES CEBU COLOMBO DELHI HAIPHUNG

KUALA

KUCHING

MEDAN

NEW YORK PIPING

(Peking)

TIENTSIN TONGKAR

(Bhuket)

TE INSTAL

TOKOHAMA

FOREIGN EXCHANGE And General Banking Business transacted.

CURRENT A0000rs opened and FIXED DEPOSIT received for One Year or shorter periods in. Local or Other "Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainaul

CURRENT ACCOUNTS opened or application.

in Local Currency and Fixed

The Bank's Head Office in London 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 lucome Tax overned, on application,

terms which may be ascertained at of any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

AMBITUAR BANGKOK BATAVIA BOMBAY

38, Bishopsgato E.C.?.

Sub-Agencies In London: 117/192, Leadenhall Street, E.C.a West End Branch:

14/18, Cockapur Street, S.WI Manchester Branch: 62, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES

HARBIN PENANG TIN CÙNG KANGOON

ILOIL

CALCUTTA

SAIGON

BERIMBAN

SHANGHAI

SINGAPOR

SITIAWAN

30U BABAYA

LUMPUR

TAIPING

MADRAS

1

MANILA

Copperweid Steel

181

10.42 N

spizer - Manufacturing. Co.

3741

01 off

Curtis Wright (C.)

91

Standard Brands

62

Curtiss Wright "A"

29

Stand Gas & Elec.

1*

Deere & Co.

20/

Standard Oil of California

18

There

March

20.35b 20.12b 20.00/00

20.55a

buyers at 23.3/4 Cash.

July (New.contract)... 19.856 Total sales:-160 tons. CHICAGO WHEAT

20.35b 20.20b/252 20.20/20 20.055/10a 10.95b

Distulera Corpn. Seagrams

18

unch.

Standard Oll of NJ.

344

:00 up

Douglas Aircraft

20.08/08 19.90b

.08 up

Du Pont de Nemours....

.05 0

Eagle Picher Lead

Eaton Mfg. Co. ....

Elec, Autolite

lee Bond & Share

874/87

871/87

871/87

unch.

ice. Bond & Share $5 pf.

July

821/82

82/811

821/82

Bec Bad & Share $6 pí.

September

821/823

821/821

Tuesday's sales:-7.128,000 bushels.

Elet. Power & Light $7 pf.

Flintkore

CHICAGO CORN

Gen. American Trans.

May July

631/631 631/834

621/63"

of

Gen. Electric

621/63

621/627

September

622/621

623/622 621/621

off

Gen Motors

off

Gen. Railway Signal

Gen. Tire & Rubber

NEW YORK HIDES

March June

Glidden Co.

•13.05/05

.12.85b.

12.97b/13.15a 13.25b/26a 20.

12.75b/854 13.01/01

Goodrich (B.F.)

.18 up

Goodrich $5 pt.

Total sales for the day:-121 contracts.

Goodyear Tire & Co.

34-3/4

4.03-1/2

Great Northern Iron Ore

Great Northern Rly, pfd.

Great Western Sugar

426...

Greyhound Corpn.

Hercules Powder Co.

Homestake Mining

Int Nickel

London, Jan. 2 (Reuter).

Inter. Paper & Power

Calcutta, Jan. 2 (Reuter).

Dec. 20 Dec, 27

Int, Tel. & Tel

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

Ready Jan. 22 Settlement February

1940

No business was reported... were sellers at

23.11/18 Cash May

SHANGHAI DOLLARS

Small business was arranged at 426.1/2 and 426.1/4. Closed with May

sellers at 425.1/5 for Spot,

AFTERNOON MARKET

The market was dull in the afternoon, nothing doing.

STERLING

The market closed with sellers

at 1/2.31/32 January/March, 'buy ers, at 1/3.1/32 Cash.

U. S. DOLLARS

. The market closed with sellers 2311/16 for Cash, buyers at 93.3/4' Cash.

SHANGHAI DOLLARS

Calcutta Exchange

Calcutta, Jan. 2 (Reuter).

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

LONDON STOCK

EXCHANGE

(REUTER'S „SERVICE)

London. Jan, 2. The following quotations are the middle prices at the close of the markët in London. All' quotations| are subject to confirmation' and no responsibility is assumed for errors in transmission.

War Loan, 31% (Red,

after 1952) ...

NY. Official Bliver 34-3/4 NY-London Cross Rate 4.03-1/2

SILVER MARKET RESERVE, BANK OF

LONDON SILVER

Spot, 23-1/4.

Forward, 23-3/18.

BOMBAY SILVER

Bombay, Jan. 2 (Reuter). Market Quiet but steady. Of- take 100 bars.

Indian Mint Silver

tentsin-Pukow Rly. 5% Ger. Stød, Supl. Loan)

INDIA STATEMENT

Notes in circulation

(including Notes held in the Bank- ing Department)... 25,550 25,518 Rupee Coin and Bul-

2,987 2.965

Government) ....... 13,150 13.150)

(Figures in Lakhs of Rupees).

Low Dow Jones Averages Fligh 15280 111,84 30 Industrials

Rails 32.67 22.15 20 26.45 18.03 20

Utilities 91.01 83.08 .40 84.07 48.47 11

Bonds

Commodity Index

Business Done:—530,000 shares

BANKERS:

The Bank of England and Midiend

Bank, Ltd. BRANCHES;

INDO-CHINALLE

STEAM NAVIGATION COMPANY LTD.

Operating Services for Cargo and Passengers

62-01 62-00 62-00

lion in IndiaTM Gold Coin and Bul-

lion in India

4.4414,441

Securities

(Indian

Government)

4,861

4.901

Securities (British

15

Defence Loan, 3%

103-3/18 101 Janton-Kloon Rly, 5% 13

| Jap. 0% Ster. Loan, 1924 31:

er. 7% Intl. Loan, 1924 53 Chartered Bank

BI

Chinese 41% Gold "Luan,

A.K. S'hal Bank (Ldn

Reg.)

'TI

1898 (Brit. Issue

44

?

Chinese 5% Gold Bonds,

1925/47

H.K. & Shal Bank (Cal.

Peg)

82

42-47

Chin: 4% Anglo-French

Loan, 1908

45

Chinese Eng & Mining

(bearer) Choken Corporation

18/3

4/.

Chinese 5% Crisp Loan.

1912

28

Mercantile Bank of In-

dia. £5, "G"

Chinese 5% Reorg. Loan,

Pekin Syndicate

1913 Ldn. Is.)

34

S'hai Elec. Constr. Co.

201 2/- 15/-

TO-

SWAT

Chinese 3% Bter. Notes,.

S'hal Waterworks "A"

131

1925 (Vickers)

10

Unfon Insurance

20

Chin. Imperial Rly. 5%

Loan

Gula Kalimpong Rubber 16/3

47

Lon., Mid, & Scot., Rly. 134

Honan Rly, 5%

184

Great Western Ely,

321

Hukuang Rly 6% 1011...

National Bank of Indla 32-

(LP, N/Y Issue)

15

B.-A. Tob (bearer)

89/41

Hukuang Rly 5%. 1911

Dunlop Rubber

32/71

.German Issue)

13

Bristol Aeroplane

9/9

Lung Tsing & U Hal

Imperial Chemical Ind. 29/103

Rly 5% 1913

14

United Steel

21/101

Shai-N'King Rly. 6%

16

Woolworths.

"Tentsin-Pakow Rly. 6%

Marxman Investments

53/7)

7/8

(Brit, atpd.)

Western Holdings

9/8

Tientsin-Pukay Rly. 5%

Sub-Nigel

155

(German Stpd.):

15

Shell Trans

Trad.

Tientsin-Pukow Alv, 6%

.... 40

(Brit. Stpd. Supl. Loan) 15

-ex, div.

+45

(bearer)

"mmbla,

SHANGHAI TSINGTAU, CHEFOO

And TIENTSIN

KOHE and OSAKA

SINGAPORE, PENANG and CALCUTTA :

- SANDAKAN

HAIPHONG

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

1

For further particulars

please apply tomm

HONG KONG BRANCE:

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 TRUSTEE AND EXECUTORSHIP in China and connections in the

Every description of Banking and Exchange businese transacted.

1- UNDERTAKEN

principal Commercial Centres of OURBEST ACCOUNTS opened in Local Car-the World, we are able to extend

ronny and FIXED DEPOSITS rassivad in Local

ssocrtalnest on application.

O30) & STEELING on terms, that may is

D. BENSON,

What do

to our Clients special facilities for Domestic and Foreign Banking and Exchange.... Managar

you want ?

If there

is "anything you want to buy or sell,

a try

small Classified advertise- ment in the Hong. kong Daily Press.

JARDINE MATHESON&Co.,LTD. 25 words $1.50 prepaid

TELEPHONE SOJII GENERAL MANAGERS

for 3 insertions.

Head Office:-SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, 0. South China Offices:

CANTON SWATOW

|SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.

SHOU J. CHEN,

Manager,

77}

Stone & Webster

73

163

Studebaker Com

7#

10}

Swift International

174

34

Technicolor

91

33

Texas Corpn. ·

393

37"

Texes Gulf Sulphur

371

551-

Timken-Axle ".

32

65

Trans-America Co.

47

32

Hong Kong. 28th Feb., 1930.

20th Cent. Fox

61

144

Union Bag & Paper Corp.

121

541

Union Carbide & Carbon

691

THE CHASE BANK

234

Union Pacific

774

452

United Aircraft

42

141

United Airlines Trans

16

11*

134

United Corpn."

12

HEAD OFFICE:

13

United Corpn. $3 cum pt... 29. United Gas Corpn.

621*

United

Gas Improvement 97

19

U.S., Industrual Alcohol.

241

15

U.S. Rubber

211

26

US. Rubber $8 pfd.

85

197

114

US Smelting

64

Interest Rates on Application,

707-

US. Steel

63

Vanadium

33

511

Vultee Aircraft

81.

231

144

Walworth Co.

51

21*

Warner Bros. Pict.

31

Westinghouse Elec.

1041

364

Woodward Iron Cor..

32*

41

Glass

43+ 27

Chase National Bank National City Bank

333*

28++

DOW JONES AVERAGE

131.13

Jan 3, 1941. Dec. 31, High Low Close 131.88 130.39 130,67

Change

..be off

98,13

∙18.85 90.90

28.32 28.00 28.03 20.10 19.80 19.86

Subscribed Capital

.10 off

23,000,000

... £1,800,000

21,000,000

67.09.."

01 up .90.82 ..0% off 07.08: .01 off

HONGKONG SAVINGS

BANK.

The Business of the above Bank. is conducted by the HONGKONG £ SHANGHAI BANKING COB- PORATION. Rules may be obtain-

ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

BANK OF EAST ASIA, LIMITED

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

Porüts

5,588,800.00

.................2,983,261.50

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

Board of Director.

SIE SHOWSON Crow, Chairman

15, QUEEN'S ROAD, CENTRAL Li Koen Chan, Esq. Li Lan Seng, Esq.

18, PINE STREET,

NEW YORK

An American Bank offering com

plete 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.$2,000,000,000,

D. M. BIOGAR,

Second Vice Press.

THE MERCANTILE BANK OFINDLI, LIMITED

Head Omce!mi5, Gracechurch Street, London, EC.3

Authorised Ospitat

Paid-up Capital

P. K. Kwok. Raq. Wong Chu Son, Esq. Wong Yun Tong, Esq. Fang Ping Wah Esq. Chan Ching Shok, Kaq.

KAN TONG PO, Esq., Chief Manager LI Tax Fona, Esq., Manager

Bombay

Branches and Agencies:--

Ko loo

Blogaparo Loudon Kangoon Sourabaya Manlia Saigon Bwatow Caloutta Melbourne Aan Fran. Hydroy Halphons

Hansow Henglalu

Kobe

Blow Fork Seattle' Padr

Poplar Stanghal

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

Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter periodi in Local and Foreign Cur rencies од terms which will be

quoted on application..

SAFE CEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

mo

Batavia

N

CORTAT

Belakang

Reserve Fand and Rest,