1941-01-09 — Page 10

410

Year's day),

LONDON RUBBER

On demand

52 3/4

On Japan:-

SPOT

On demand

JANUARY

On India:--

FEBRUARY

Telegraphic" Transfer.

and demand

82 1/2.

APRIL-JUNE

JULY-SEPT. wa

Adams Express

buyers 12

Previous close" Today's close

buyers

Alleghany Steel Co.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND

COMMODITY MARKET

(FROM PAYNE & CO.)

EXCHANGE NEW YORK, Dec. 30, 1940.

CLOSING QUOTATIONS

JANUARY 8, 1941..

On London:-

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

On Shanghai:-...

On demand

On Bingapore:-

SINGAPORE RUBBER

SPOT JAN-MARCH

APRIL-JUNE

The market was duli

REVIEW

Previous Dec. 29

Close Opening Closing" Change buyers buyers

37-3/4 · 37-3/4 . 37-3/4

unch.

37-5/8 37-5/8 37-1/2 '98-3/8 26-3/8 36-1/4

off 1/8

off-1/8

The market will be closed, on Wednesday, January 1, 1941 (New

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE)

JANUARY 8, 1941.

THURSDAY, JANUARY 9, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital..... 350,000,000

INDIA, AUSTRALJA”

AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1800

Reserve Funds:

Paid-Up Capital Sterling

£6,500,000 Reserve Fund

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

Proprietors

....£3,000,000 £3,000,000

prietors

£3,000,000

Last Sale;

STOCKS

Last Sale

Jan. 7

Jan. 7

Loew's Inc.

- $20,000,000 |

Head Office:--HONG KONG

HEAD OFFICE: LONDON:

33+

241

Loft Incorporated

181

Change

Allis Chalmers

36

Mack Truck Inc,

327

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

Aluminium Ltd,

73

Martin, Glen L

301

Chairman,

12

Amer. Can

917

McKesson & Robbins, p14. 24

12-1/8

Unreceived

C. C. Roberts, Esq.

American Cyanamid B.

362

Montgomery Ward

· 39

12-1/4 12-1/4

Amer. & Foreign Power".

1

M'tain City Copper Co.

31

Amer & Foreign $7 pf.

161-

National Aviation

J. K. Bousfield, Esq.,

10*

39, Bishopsgate E.C.. Sub-Agencies In London:

117/122, Leadenhall Street, E.C.1 West End Branch: 14/18, Cockspur Stiret, S.WI Manchester Branch:

Deputy Chairman. 62, Mosley Streat, Manchester, 1.

AGENCIES AND BRANCHESĂ.

On Batavia ----

On Paris:-

46 3/4

149

.... Nou.

NEW YORK, Jan. 6, 1941

May

1/3

July (New contract) 19.80b September (ditto) ...... 19.68b .. Total sales:-230 tons.

| CHICAGO WHEAT

May

near.

were büyers

September

SHANGHAI DOLLARS

arranged

Saturday's sales:—6,107,000 bushels. CHICAGO CORN - May

ht

early July

Closed

June

sellers

for

Spot.

Hongkong

Opening

London

0/3-7/16

New York

Japan

India

5-7/16 23-1/8 19

July

Paris

nominal 22-7/8

Sterling

Sellers

Spot

Jan.

Feb.

Spot

Jan.

Feb.

$5-17/32

5-17/32

5-1/2

On New York:—

Bank Bills, on demand 23 3/8 Crediis, 60 days' sight 24 1/8

On demand

..... 43 3/4

Bank Bills, on demand Nom

Credits 4 months' aight Nom.

On Saigon:-

On demand

On Manila:-

On demand

On Bangkok:-

On demand

On Sterling Notes:--

Bank Buying Rate

101 1/2

Bar Silver per ok, ......................... 23 3/8

Market Report

FROM ROZA BROS.

Wednesday, Jan. 8th. Silver prices were unchanged yesterday, the quotations remain ing at 23.3/8 for Ready and 23. 5/16 for Forward, Silver advices. reported Speculators a5. having sold to a small extent. The mar- ket was steady. American. Silver

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

Inclines to be slightly bullish.

a moderate scale. Sentiment

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

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

(REUTER'S SERVICE>

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

was quoted at 34.3/4 for Spot. October

The London/New York cross- December rate was quoted at 402.1/2. New Spot York/London was quoted at 403-

3/4

MARKET

Extremely quiet.

“STERLING

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

Cash.

U. S. DOLLARS

Close

Total sales Baturday:-33,100 bales. NEW YORK RUBBER March

8ome business was reported at July

There 23.11/16 for sellers at 23.5/8 tor Spot.

at 23.3/4 Cast

Business was

In the morning at 428 and later September

1t

427.1/2.

with sellers NEW YORK HIDES March

at 427.1/2. bugers bidding 428

SHANGHAI MARKET Sterling 3.1/2 were quotea at the opening and US. Dollars at 6.17/32 both

Total sales for the day:-163 contracts. NEW YORK" COCOA March May

Closed with sellers of sterling a NEW YORK SUGAR NO. 3: 3.33/64 and U.S. Dollars, at -5.9/16. both sellers for Spot.

Shanghai Exchange

Shanghai, Jan. 7 (Reuter).

Official T.T. Rates

Opening Clostrig Shanghai, Jan. 8 (Reuter),

0/3-1/2 0/3-1/2

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

0/3-15/32 0/3-31/64 U.S. DollarS

Market:-Quiet.

$5-17/32 5-17/32 5-1/2

Sliver Duty Rate

The Central Bank of China's

rate on London at 10 am. today was-1/2-1/24

The Equalisation rate was 24 per

cent

India Rupec. Paper

Bombay, Jan. 7 (Reuter). Govt. 31% Rupee, 94-03-0.

Calcutta Exchante

Calcutta, Jan."7 (Reuter). TT. on Japan. 81-1/4.

SILVER MARKET. LONDON SILVER London, Jan. 7 (Reuter), Silver-Little speculative selling which was onset by bear covern- ing. Business small, Market steady. In the afternoon, the market was steady.

Spot, 23-3/8d.

Forward, 23-5/161.

BOMBAY SILVER Bombay, Jan. 7 (Reuter). Marketulet but steady: Off- take 60 bars; *.

Indian Mint Silver Ready....

Jan; 22 Bettlement

February

62-00

61-15

61-25

*

March

1.99b/2.00a May

2.03b/04a Volume of business done:-254 lots NEW YORK SUGAR NO. 4: March May

Volume of business done:44 lots. NEW YORK COPPER FUTURES March

N.Y. Official Silver unquoted NY-London Cross Rate 4.03-3/4

LONDON STOCK

EXCHANGE

(REDTER'S SERVICE)

London, Jan. 7, 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 1953) Defence Loan, 3% Canton-K'loon Rig. 5% Chinese 41% Gold Loan

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

1925/47

Chin. 41% Anglo-French

Loan, 1908 Chinese 5% Crisp Loan.

1912

Chinese 5% Reorg, Loan,

1913 (Ldn. Is.)

ཐྭཊྛི

34-3/4 4.03-1/2

LONDON METALS

EXCHANGE

London, Jan. 7 (Reuter).

Standard,

THI, Price, 258-7; 8.

Tin, Standard, 3 months, Middie Price, £250-7/8.

Market steady.

Tientsin-Pakow Rly. 5% (Ger. Stpd. Supl, Loan) | Jap. 5% Ster. Loan, 1924 31 Ger, 1% Intl, Loan, 1924 53 Chartered Bank

103

1011

B

13

HK. & Shai Bank (Lda.

Reg.

76

44

HK. & Shai Bank (Dal.

Beg)

82

42-47

Chinese Eng.. & Mining

45

(bearer) Chosen Corporation

18/3

47

Mercantile Bank of In-

TO

201

dia. 5, "G"

102

Pekin Syndicate

2)-

34

|8'hai Elec. Constr. Co.

15/-

Bhai Waterworks "A"

131

10

Union Insurance.

20

Gula Kalumpong Rubber 15/71

47

Lon, Mid, & Scot., Rly. 131

.17

Great Western Rly.

34

National Bank of India 314

15

E."A. Tab (bearer)

88/14.

Dunlop Rubber

32/8

13.

Bristol Aeroplane

.9/9

Imperial Chemical Ind. 29/9

14

United Steel

22

Woolworths ...

54/14 Maraman Investiments 7/8 Western Holdings Sub-Nigel

9/0

1554

(hell » Trans 4. Trad..

(bearer)

41/3

•bid.

Chinese 8% Ster, Notes,

1925 (Vickers) Chin. Imperial Rly, 5%

Loan Honan Rly 5%..... Hukuang Ray 5%, 1911...

(LP. N/Y Laaue) Hukuang Rly. 6%. 1911

German Issue) Lung Tsing & U Hal

Rly. 6% 1913 B'hdi-N'King Rly, 5%... 16 Ceritain-Pukow Aly. 6%

(Brit. Stpd.) ..................... 16 Tientsin-Pukow Rly, 5%

(German 8tpd.)......... 15 Tientsin-Pukow Rly. 5%

(Brit. Stod. Sup), Loan). 15

Amer, Locomotive .......................

16

Nat, Dairy Products

14

A H. Compton, Ead.,

L. J. Davies, Esq.,

ALOB STAR

HABBIN

FENANG

Amer, Metals Co.

131

National Distillers

231

Hon. Mr. 9. H. Dödwell,

Amer. Radiator

7..

National Lead

17

G. Miskin, Esq.,

Amer, Rolling Mili

15

Nat, Foxer & Light

K. S. Morrison, Esq.,

Amer. S'ting and Ring Co.

431

National Supply Corp.

57

Hon. Mr. T. E. Pearce,

Amer, Sugar Refining

151

New York Cential.......

131

Hon. Mr. A. L. Shields,

Amer. Tel, & Te

1677

Niagara Hudson Power ...

31

Amer, Tobacco "B"

741

N. American Aviation

161

Amer, Waterworks

62

North Americah Co.

167

Sir Vandeleur M. Grayburn,..

Chief Manager.

BATAV LA

BOMBAY

CALOUTTA

AGENCIES;

OLIVE SIT

EONG SONG MÀNG00

ILOILO ¡POR KARLOH)

·· KLANG

FAILIX PLACE KUALA CANTON

AMRITSAR DANOXOX

2801

SAIGON

.

STRIKBAN

SHANGHAI

SINGAPORA

SITIAWAN

·SCURABAYA

LUMPUR

TALPING

Anaconda Copper

281

Northern Pacific

B4

Branche:

Atchison, T. & 8. F.

191

Owens-Illinois Class Co...

481

Aviation Corp.

51

Amoy

Johere

Pacific Gas & Elec

28

Bangkok Kobe

Rangoon Saigon

DAWNFOR CESU COLOMBO DELHI

KUCHING

TIENTSIN

MADRAS

TONGKAN

MANILA

(Bhuket)

HRDAN

TEINGTAG

Baldwin Lecomstive

18

Packard Motors

31

Batavia. Kowloon San

BAIPHONG

NEW YORK

TOXUMAMA

Baltimore & Ohio

32

Pan-American Airways

15

Bombay Kuala

Francisco ZAMBURG

PRITING

Barber Asphalt Co.

92

Paramount Pictures

111

Calcutta

HANIOW Lumpur Shanghai

Barnsdali O,

9

Pennsylvania RR

23

Canton

London

Singapore

Bendix Aviation

341

Philadelphia Read. Coal

5/32

Chatoo

Lyons

Sourabaya

Prev. Today's

Bethlehem Steel

8781

Phillips Petroleum

40

Colombo

Malacca

Sungei

(Peking;

FOREIGN EXCHANGs and. General Banking Business transacted.

High

Low

10.43.

10.37

20.20 20.10

Clase Close Change 10.40 10.42N 20.14b 20.18b

Bliss & Co.

191

Dairen

Manila

Patani

Public Service of N.J.

29

02 up .04 up

Boeing Airplane Co.

174

Foochow

Muar

Swałow

Pullman Inc.......

20

Borg-Warner

1911

Haiphong

(Johor) Tientsin

Pure Oil

81

Bankow

Mukden Tokyo

88-1/2 87-3/4. 87-3/4 88-1/4 63-1/2 62-7/8 62-7/8 83-1/4 13.92 13.70

1/2 up

Briggs Mig.

241

Radio Corpn. of Am...

41

Harbin

3/8 up

Budd M'facturing Corp.

41

Reading Company,

Com

131

Iloilo

13.83 13.70.

.07 up

"Canadian Pacific R'way

34

Remington Arms' Co., Ine.

Ipoh

10.29 N

Opening

10,20b

Closing

Change

Case, J

*551*

.Republic Aviation Corp.

5

10.31 N

02 up

Celanese

273

Republic Steel

217

10.40/41

10.37/37

10.42 N

02 up

Chesapeake & Ohio

423

Revere Corp. .....

101*

10.36/36"

10.33/33

10.38/38

02 up

Chrysler Corpn. ..............

70

Reynold Tobac. "B"

331

10.19/19

10.14/15

10.18/18

,01 off

Columbia Gas & Elec...

Safeway Stores

447

9.59/59

9.56/56

9.54/54 9.50b

9,59 N

unch.

Commercial Credit Co.

30

Schenley Distillers.

102

10.41 N

9.59/53 10.38 N

..03 off

Com, & Southern (Ord.)

Sears Roebuck

772

03 ON

Consolidated Edison

221

Shell Union" ou

Consolidated on

51

Socony-Vacunum of

91

various sizes to let.

Continental Can

401

Southern Pacific

81

20.14b/23a 20.14b/18 19.99/99

20.03/02

20.18b 20.04b 19.750/878 19.85b 19.73a

.04 up

Continental on....

191

Southern Rly $5 pfd.

21

TRUSTEE and EXECUTOR business undertaken.

New York Tsingtao. Peiping Yokohama

Penang

SAYINGS ACCOUNTs also opened in Local Ourteney and Sterling with interest allowed at rates obtainable

CURRENT ACCOUNTS opened on application.

Local Currency and Fized

The Bank's Head Office in Loudon Deposits received for one year or undertakes Executor and Trustee shorter periods in Local and Other business, and alaima recovery of Currencies which will be quoted on British Income Tax oFE OD application.

terms which may be ascertained at

SAFE DEPOSIT BOXES of any of the Agencies and Branches.

B. A. CAMIDOE,

Manager,

CORBIET Accounts opened and FIXED DEPOS:rs received for Üne Year or shorter periods in Losal or Other Currencies at Fatos which will be quoted on application,

.05. up

Copperweld Steel

181

Spicer Manufacturing "Co.

371

1.05 up

Curtiss Wright (C)

91

Standard Brands

61

19.736

05 up

Curtis Wright "A"

281

Stand Gas & Elec,

i

Deere & Co.

21

Standard Of of California

201

L1

Distillers Corpn. Beagrams

171

Standard On of NJ.

351

877/877

88/877

881/88)

0-1/2 DP

Donglas Aircraft

781

Stone & Webster.

77

821/821

821/320

827/824

0-1/2 up

Du Pont de Nemours

1847

Studebaker Com

821/821

891/831

0-1/2 up

Eagle Ficher Lead

104

Swift International

181

Eaton Mfg. Co.

358

Technicolor

*94

Elec, Autolite

324

Texas Corpn.

39

€3/627

823/623 8216

83/628 621/621

63+/831 83 b

0-3/8 up 621/621 0-1/4 up

0-3/8 up

Elec Bond & Share

41

Texes Gulf Sulphur

381

Elec. Bond & Share 35 p1.

551

Timken-Axle

331

Elec Bond & Share $6 pf.

644

..

Trans-America Co.

5

Elec. Power & Light $7 pf.

32

20th Cent. For

7

13.63/83.

13.70/70 13.33b/35a 13.45/42

13.70/70 .07 up 13.43b/44a 10 "up

Flintkote

14番

Union Bag & Paper Corp.

121

Gen. American Trans.

$47

Union Carbide & Carbon

70%

THE CHASE BANK

Gen. Electric

344

Union Pacifc

BOL

Gen Motors

431

United Aircraft

43!,

4.98 N 5.04 N

4.96b/5.03a 5.02b/04a

4.91/91 4.97 N

.07 off

Gen. Rallway Signal

14.

United Airlines Trans

16

.07 of

Gen. Tire & Rubber

121

United Corph.

1}

HEAD OFFICE:

Glidden Co.

131

United Corpn. $3 cum pf. 281

1.98b/998 2.02b/03a

.01 off

Goodrich (BF)

131

16, PINE STREET,

NEW YORK.

United Gas Corpní.

HONGKONG SAYINGS

BANK

The Business of the above Bank). Is conducted by the HONGKONG SHANGHAI BANKING OOR- PORATION Rules may be obtain- ed on application.

For the HuNOKONG & SHANGRAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong. 28th Feb., 1939.

BANK OF EAST ASIA, LIMITED

Authorised Capital......$10,000,000.00 Paid-Up Capital 5,599,800.00 Reserve and Undivided

Porits

.2,983;261.50

Head Of —BONG KONG · No. 10 Des Voeux Road, Central.

Board of Director." BIR SHOPBOX Chow, Chairman

Li Lan Bang, Esq. P. K. Kwok, Esq. Wong Cha Son, Esq. Wong Tan Tong, Esq. Fung Ping Wah Esq. Chau Ching Shok, Esq.

16, QUEEN'S ROAD, CENTRAL Li Koon Chah, Esq.

KAN TONG PO, Esq., Chief Manager

Li Tax Foxo, Esq., Manager

01 off

“oodrich $5 pt.

623*

United Gas Improvement

10

An American Bank offering com-

Goodyear Tire & Co.

191

U.S., Industrual Alcohol.

281

Great Northern Iron Ore

154

US. Rubber

211

72/73 .75/.76

.72/.73 75/70

71/72 .744 N

.014 off

Great Northern Rly, pfd,

251

US. Rubber $8 pfd.

80

plete Foreign Banking Service in the principal Markets of the | Amay world.

Branches and Agencies:

.

Batavia

London

Xazroom

Bomber

Kaalla

.DO off

Great Western Sugar

201

US Smelting

634

Interest Rates on Application,

Galeoti

Haiphong

Greyhound Corpa,

·114

U.6. Steel

681

Nagasaka New York

Baattia

Eceloos Peranz

Melbourne

Balgoo

Ban.fran Sydney

Los anima

conver

Blagapor

Bothbays

Swntow

Hercules Powder Co

72

Vanadium

331

11.10/12a 11.15/15

11.00b/12a 11.12b 11.00b/17a 11.18/13

.02 up

Homeatake Mining

52

Vultee Aircraft

B1

.03 up

Int Nickel

25

Walworth Co.

Bk

Inter. Paper & Power

14#

Warner Bros. Pict.

.34

Int, Tel. Tel.

21

Westinghouse Elec.

1031

Kennecott Copper

361

Woodward Iron Cor.

331

Lakey Foundy & Mac..

4

Chase National Bank

331

Libbey-Owens-Ford

Class

451

National City Bank

271-

Lockheed Aircraft

*271

Cash, Middle

DOW JONES AVERAGE

1940

High Low Dow Jones Averages 162.80.111.84 30 Industriais

Jan. 6, 132.83

Jan. 8, 1941. High Low Close

123.10 182.19 133.02

32.67 22,15 20

Raila

98.40

38.49 28,24 28.39

.01 off

20:45 18.03 20

Utilities

*20.05

20.11. 20,00 -20.07

0g up

91.01 83,08 40 Bonds 04.07 48.47 11.

.90.93

01.04

Il up

Commodity Index

07.40

67,38

.04 off

در

Business Done:~$30,000. shares

3

16

Change

19 up

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.

Job?

A

Consul

WANT ADS

INDO-CHIN.

STEAME NAVIGATION COMPANY LTD

Operating Services for Cargo and Passengeri

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA”

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo ar Jauded

For further particulars.

please apply to

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

Pelping

Shanghal

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

Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or shorter periods in Local and Foreign 'Car- rencies, on terma which will be quoted on application.

SAPE LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES "ALL ÖVER CHINA) Owing to our numerous Branches in Chins 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:

4, QUEEN'S BOAD, C. South China Offices:

UANTON

SWATOW... SHIUCHOW

KONGMOON TOISHAN

KINGOHOW

We also handle the issus of Bond and other Pablo Funds of the Chinese Government both at Home and Abroad.

SHOU CHEN

Manager.

SAFE DEPOSIT BOXES

Honojnin

Pare

Bemarang