430
New York. Cotton, March New York Rubber, March Chicago Wheat, May Chicago Corn, May New York Hides. March NEW YORK COTTON
19.70 871
19.62
19.67b 19.68
.03 up
86
971
85+
off
833
634
331
831"
up
STOCKS
13.11 12.95
13.11
13.02
.09 off
Adams Express
Close
Opening
Closing
Change.
Alleghany Steel Co.
January
10.38 N
10.32/32
10.30 N
.08 off
Allis Chalmers
52 3/1
March
10.46/46
10.45/48
10.41/41.
05 of
Aluminium Ltd.
On Japani-
May
10.48/48
10.49/51
10.43/43.
,05 off
Amer. Can.....
LC3 1/3
July
10.37/37
10.38/39
10.31/31
.06 off
American Cyanamid. B.
On India:
October
9.96,96
9.99/10.00
$.93/94
.03 off
Amer. Foreign Power
Telegraphic anc demand
Transfer.
82 1/2 December
9.81/91
9.95b/96a
9.87,87
.04 of
Amer & Foreign $7 pt.
amer. Locomotive
Amer. Metals. Co.
Amer. Radiator
Amer. Rolling Mill
Amer. Sting and Ring Co.
On demand
43 770
Amer. Sugar Refining
Ou Paris:-
Bank Bills, on demand No. Credits 4 months' sight Nom.
May
19.62/62 19.55/55
19.48 A
On Saigon!-
unquoted
19.68/68 19.55/55 19.43b 19.30/30
.01 up
Amer. Tei, & Tel
.05 qi
Amer. Tobacco "B"
07 of
Amer. Waterworks
.05 of
Anaconda Copper
On demand
101
Atchison, T. & 8. Fe.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY 17, 1941.
Og London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/5 Credits 4 months' sight": On Shanghali- On demand
Un Singapore:- On demand
ཞུ འཱུ མུ ཕྱྀ་ ·ཇུ8 8:
On demand
NEW YORK COMMODITY.
(REUTER'S SERVICE)
NEW YORK, Jan. 18 (Reuter)
MARKET
Prev. Today's High Low Close Close Change 10.48 10:40 10.46 10.41 03 off
On New York:—
Bank Bills, on demand 23 1/4
Credis, 80 days" sight 24
On Batavia:--
Total sales Wednesday:-72,400 beles.
Last Notice Day for January Cotton 18 January 23, 1941 (Date
of Delivery).
NEW YORK RUBBER
March
... 19.67b/708 19.60/60 July (New contract) ... 19.50/50 September ( }
Total sales:-540 tons.
19.35b
NEW YORK STOCK EXCHANGE
QUOTATION
(KEUTER'S SERVICE)
JANUARY 17, 1941.
SATURDAY, JANUARY 18, 1941,
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION INDIA, JUSTRALIA
AND CHINA
Authorised Capital...... $30,000,000 |
Reserve Funds: Sterling
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1855
Paid-Up Capital £ 6,600,000 Reserve Fund
.£3,000,000
£3,000.008
..£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors......
Proprietors......
#20,000,000;
Head Umes:--HONG KONG
G. Miskin, Esq.,
K. 8. Morrison, Esq.,
Hoa. Mr. T. E. Pearce,
Hon. Mr. A. L. Shields, Sir Vandeleur M. Graybura,
Chief Manager.
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.P. Sub-Agencies In London:
117/122, Leadenhall Street, E.C:3 West End Branch: 14/16, Cockspar Street, S. W
Manchester Branch: 12, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES.
ALOE STAR ANKITBAN
BANGKOK
| BATAVIA
BOMBAY
DALOUSTA
AGENCIES:
HONG KONG PENANG ILOILA
IPOH KARAOHI
ILANG
Кова
Oliva START KUALA
FALKLIN FLACK
GANTON
EBLWAPORE [BU
Last Sale
STOCKS
Last Sale
Jan. 16
Jan. 16
Loew's Inc,
322
23
Loft Incorperated
341.
Mack Truck Ine.
711
Märtin, Glen L
291
91
McKesson & Robbins, pfd.
351
Board of Directors: Hoo, Mr. J. J. Paterson,
O. C. Roberts, Esq..
Montgomery Ward
38
M'tain City Copper Co.
Chairman.
Deputy Chairman.
11
18+
National Aviation
10
J. K. Bousfeld, Esq
15@
Nat, Dairy Products
131
A. H. Comptoo, Esq.,
19
National Distillers
L. J. Davies, Esq.,
67
National Lead
Hon. Mr. B. H. Dodwell,
RANGOOR
BAIGON
14
Nat, Fower & Light
BIREMBAN
42)
National Supply Corp.
SHANGHAI
New York Cential
137
BINGAPOR
1674
Niagara Hudson Power N. American Aviation
31
BITIAWAN
16)
BOURABAYA
LUMFUE
62
North American Co.
161
TAIPING
KUCHING
..25)
Northern Pacifc
62
TIENTSIN
Branches:
MADRAB
21:
Owens-Illinois Glass Co.
TONGELM
47
Ou Manila:-
On demand
On Bangkok:-
Aviation Corp.
Pacific Gas & Elec
281
Amoy
Johore
....46 1/2
CHICAGO WHEAT
baldwin Lecometive
17
Packard Motors
Bangkok
Kobe
Eaugoun Saigon
MANILA
COLOMBO
(Bhuket)
Batavia
On demand
140
May
-871/871
87/87
861/803
On Sterling Notes:-
July
82/82
821/821
812/811
#off off
Baltimore & Ohio
Kowloon San
DELEI HAIPHONG
MEDAN
TRINITAL-
NEW YORK
YOKOHAMA
Pan-American Airways
Bombay
Kuala
Barber Asphalt Co.
91
Paramount Pictures
Calcutta
Lumpur Shanghai
Francisco HAMBURG
HANIOW
Bank Buying Rate
Nom.
September ....... ....: 821/83
821821
i of
Barnsdall on
Pennsylvania R.R.
234
Canton.
London
Singapore
Bår Silver per oz.
23 1/4,
Wednesday's sales: -4,958,000 bushels.
Bendix Aviation
347
Philadelphia Read, Coal
3/18
Chefoo
Lyons
bethlehem Steel...
85!
Phillips Petroleum
Colombo
Malacca
Sungei
IF
CHICAGO CORN
Bliss' & Co.
174
Public Service of NJ,
29
Dairen
Manila
ן
May July
631/631
-631/631
63/638
up
doeing Airplane Do.
631/631
63)/831
831,630
i up
Borg-Warner
September
631/634
634/634
i up
Briggs Mfg.
Budd. M'facturing Corp.
NEW YORK HIDES
March June
Canadian Pacific R'way
13.11/12
13.09/11
13.02/03
.09 off
Case, JI
12.80/80
12.72/77
12.70b/748
.10 off
and
Celanese
Total sales for the day:-125 contracts.
"Chesapeake & Ohio
Chrysler Corpă. .....
Columbia Gas & Elec.
May
5.04 N 5.11 N
5.03b/088 5.09b/15a
5.01 N 5.07 N
.03 off
.04 off
Commercial Credit Co.
NEW YORK "SUGAR NO. 3:
March May
Com, Southern (Ord.)
Consolidated. Edison
2.00b/01a 2.05b/08a
1.98b99@ 2,036 048
.02 of
Consolidated Qil
,02 of
Continental Can
Continental Ou
MARKET..
Copperweld Steel
Curtiss Wright (.)
.74b/.75a .74b/75/2 .71/b/,180 .77b/792
.73b/.734a
.011.of .75/b/761a .02 of
Curtiss Wright "A"
"Deere & Co.
Distillers Corpn. Seagrams
Douglas Aircraft
Du Pont de Nemours
U. S. DOLLARS
July
11.15b/25 11.13b/25a
||
11.25b/30a 11.20b/25a 34-3/4 4.03-1/4
My up
Eagle Picher Lead
.07 up
Eaton Mfg. Co.
Elec. Autolite
Elec. Bond & Share
Elec, Bond & Share $5 pt.
SHANGHAI DOLLARS The highest rate
Elec. Bond & Share $8 pf.
Elec. Power & Light $7 pi.
Flintkote
Gen. American Trans.
BANK OF ENGLAND
Gen. Electric
LONDON, Jan. 10 (Reuter);
Gen. Motors
..Jan. 8
Jan. 16. (0C0's Omitted)
Gen. Railway Signal
Gen: Tire & Rubber'
15,820
14 790
Glidden Co.
Goodrich (B.F.)
130.320
119,200
Goodrich $5 pf. .....
50,250
54310
Goodyear Tire & Co.........
180,570
173,510
"Great Northern Iron Ore
Gavernment Becurities
173,000
152.310
Great Northern Rly, pfd.
Other Securities:-
Great Western Sugar
Discounts and Advances
5.520
3,720
Greyhound Corpn.
Securities
21,230
22 040
Hercules Powder Co
Total
26.750
25,760
Homestake Mining
Notes and Coins
20.590
28,160
Int Nickel
1,040
1.000
Inter. Paper & Power
Notes in circulation
€10.450
602.840
Int. Tel & Tel.
Ratio of Reserve to Liabilities
10.16%%%
14,94
Joansman
168/-
Kennecott Copper Libbey-Owens-Ford Lockneed Aircraft
Market Repor
FROM ROZA BROS.
Friday, Jan. 17. Stiver prices were unchanged yesterday, the quotations remain ing at 23.1/4 for Ready
23.3/16 for Forward, Bilter ad-
vices reported the market as being NEW YORK COCOA quiet. American Silver was quoted March
at 34.3./4 for spot.
The London/New York cross rate was quoted at 402.1/2. New York/London was quoted at 403.- 1/4.
Quietly steady.
STERLING
There were 1 sellers at 1/3 January/March and 1/2.31/32 April/June, buyers at 1/3.1/32 for any "delivery.
Volume of business done:-226 lots. NEW YORK SUGAR NO. 4: March May
Volume of business done-188 lots NEW YORK COPPER FUTURES March
11.18b/253 11.13b/21a
Sellers at 23.9/18 for cash and NY, Official Silver..... 34-3/4 23.5/8 February, buyers bidding NY.-London "Cross Rate 4.03-1/2 23.11/16 for Cash'
offered was 447 sellers for Spot. Business was
Closed arranged at various rates. with schlers at 442. buyers at 443.1/2.
SHANGHAI MARKET Sterling opened with sellers for Spot at 3.3/8. Subsequently the rate receded to 3.11/32 and closed a shade steadier with sellers st 3.25/84 for Spot. . S Dollars
opened with sellers for Spot at 5.9/32. Subsequently the date rose to 5.5/16. At the close there were sellers at 5.11/32 for Spot:
AFTERNOON MARKET
The market was quiet in the afternoon.
STERLING
There were sellers at 1/3 Jan- uary/March, buyers at 1/3.1/32 for any delivery.
U. S. DOLLARS
Some business was reported at 23.11/16 for Cash and February. The market closed with sellers at 23.5/8 for Cash, buyers at 23.3/4 Cash.
SHANGHAI DOLLARS
443 sellers for Spot.
SHANGHAI MARKET Sterling at 3.25/64 and U. S. Dollars at 5.5/16, both sellers for Spot,
Shanghai Exchange
...
Shanghai, Jan. 17 (Reuter).
Official T.T. Rates
London
New York
Japan
India
Paris
Hongkong
Sterlin
Spot
Jan.
Feb.
Spot Jan.
Feb.
Opening
0/3-5/16
5-1/8
21-3/4
18-3/8
nominal 22
Bellers
Opening Closing
0/3-3/B 0/3-25/64 0/3-23/64 0/3-3/8
0/3-21/04 0/3-11/32
U.S. DollarE 11
$5-9/32
5-1/4
5-7/32
Market:-Quiet
$3-11/32
5-5/18 5-9/32
Bliver Duty Rate
The Central Bank of China's rate on London at 10 am, today WAB 1/2-1/24.
per cent.
The Equalisation rate was 231
WEEKLY RETURNS AND REPORTS
Public Deposita "Other Deposits:—
Bankers Other Accounts. Total
Total Bullion
Prica of Gold at which holdings are valued.. 188/-
Bills Bought
FEDERAL RESERVE SYSTEM.
DOW JONES AVERAGE
NEW YORK, Jan. 16 Reuter)
Jan. 11 (1940) Jan. 9
(000's Omitted/
→ Jan. 18
EE
12
$
1940
'Jan. 17, 1941.
US. Securities held
3.477,000
2,184,000
High Low Dow Jones Averages 152.60 111.84 20
Jan. 15,
High Low Close
Change
Federal Reserve Ratio Federal Reserve Credit Outstanding.
87,38%
91 00
2 504.000
Monetary Cold Stocka
Industrial Advances
17,747.000 10.843.000
2,254,000 27,666,000 *1.508,000
Industrials Raila Utilitie Bonds
131.61
D
131.36 199.82 129.93
1.58 off
Subscribed Capital
£9.00
20.44
29.03 28.65 28.70. 20.42 20.15 20.23
36 off
Paid-ny Capitāl
.21 off
Rempre Fund and Rost,
91,85
01.54
.31 off
Commodity Index
67.41
57.08
.33 off
Business Dons:-810,000 shares
India Rupee Paper
Bombay, Jan. 16 (Reuter). Govt. 34% Rupec, 95-01-0.
Calcutta Exchaner
Calcutta, Jan. 16 (Reuter).
·T.T. on Japan, 81-1/4,
SILVER MARKET
LONDON SILVER London, Jan. 18 (Reuter), Silver-Business amail.. Market
quiet.
Spot, 23-1/4da.
Forward, 23-3/16d.
BOMBAY SILVER Bombay, Jan. 16 (Reuter,.
Market-Qulet but steady. Off. take 50 bars,
Indian Mint Silver
Ready
63-04 63-02
Jan 22 Bettlement
Feb. 22 Bettlement ... 63-02
LONDON GOLD
London, Jan. 16 (Reuter).
Bar Gold, Fine per oz, 168/-
2.184,000
91.00% 2.237.000 22 934 000 7.713.000
32.07 22.15 20 28.45 18.03 20 92.13 83.06 40 64.07 48.47 11
INDO-CHINA
BANKERS:
The Bank of England and Midland
Bank, Ltd,
BRANCHES:
Bugkok
Ipoh
Bombay
Jattca
| Calcutta
Coloinbo
Kandy
Delbi
Challe
Kuantan
Karachi Hota Bharu
(Longkong Kuala Lipis
Howrah
'
Hania Trenggan Madras New York
Penan
Rangoon Shanghai
Simla
Alagapore
Kanla Lumpur HONG KONG BRANCH:
STEAM NAVIGATION COMPANY LTD Eury description of Banking and Exchange
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOÜ
V
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 passengera and cargo are lauded.
For further particulars
please apply to-
basinent transacted.
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
CURRENT ACCOUNT pased in Local Car Temay and FIXED DEPOSITS reared in Lom Chirency & STERLING on torme that may be ascertaúrving application.
D. BENSON.
Mar
What do
you want?
д
If there is anything you want to buy or sell, try
small Classified advertise- ment in the Hong- kong Daily Press.
JARDINE MATHESON&Co.,LTD. || 25 worde $1.50 prepaid TELEPHONE KOJI GENERAL MANAGERSTMTM
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 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 ROAD, C. South China Offices:
CANTON
SWATOW
SHIUCHOW
id
KONGMOON TOISHAN KINGCHOW We also handle the issue of Bonds and other Public Funds of the Chiness Government both at Home and Abroad.
SHOU J. CHEN,
Manager,
101
Pullman Inc......
Foochow
Muar
184
Pure Ou
81
Haiphong
24
Bankow
Radio Corpn. of Am.
41
Mukden Tokyo
Harbin
41
Reading Company,
Com
14
3*
Remington Arms Co., Inc.
51*
Iloilo Ipoh.
Republic Aviation Corp.
41
27
Republic Steel
20
43
Revere Corp.
in
671
Reynold Tobac. "B"
33
41
Safeway Stores
434
Schenley Distillers
Sears Roebuck
78
221
Shell Union Oil
12.
Sotony-Vacunum Oil
87
Southern Pacific
81
EXECUTOR
19
Southern Rly 5 pfd.
17
Spicer Manufacturing Co. 384
81
Standard Brands
28
Stand Gas & Elec.
13
BANK
Standard Q of California
193
18
Standard Oil of NJ...
34.
754
Btone & Webster.
1671
Studebaker Com.
71
9%
Swift International
35
Technicolor.
81
32
Texas Corpn.
371
3ཏྠ
Texes Gult Sulphur
37
H
€4
Timken-Axle ........
Trans-America Co.
20th Cent, Fox.
541
Union Bag & Paper Corp.
347
Union Carbide & Carbon
69
THE CHASE BANK
.461
Unian Pacifc
81
United Aircraft
42}
14.
United Airlines Trans
}
United Corpn.
United Corpn. $3-cum pi.
United Gas Corpo.
103
United Gas Improvement.
US. Industrual Alcohol.
26
154
261
US. Rubber
221
US. Rubber $8 ptd.
87
11
U.S. Smelting
62+*
Interest Rates on Application,
4:
751
U.S. Steel.
85
Vanadium
314
Vultec Aircraft
7
251
Walworth Co.
58
21
Warner Bros. Pict. Westinghouse Mec.
101
344
Glass. 40%
Woodward Iron Cor. Chase National Bank National City Bank
311
26
Sourabaya
Patani Swatow
(Jobora) Tientsin
New York Tsingtao Peiping Yokobama Penang
PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ADOOous opened and FIXED DEPOSITS' received for One Year or aborter perioda 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 obtainable or application.
CURRENT ACCOUNTS opened
Local Currency and Fixed.
The Bank's Head Other 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 Income Tax overpaid, on terms which may be ascertained at jany of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
application,
SAFE DEPOSIT BOXES of various sizes to let. TRUSTEE and business undertaken.
HONGKONG SAVINGS
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR [PORATION: Rules may be obtain.
ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
16, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINS 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 Yoas, with Resources of over U.S.$2,900,000,000.
D. L. BALLANTYNE,
Manager,
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street,
London, &C.3),
Authorised Capital
£3,000,000
21,900,000
21,060,000
£1,204,389
BANK OF EAST ASIA, LIMITED
5,508,600.00
Authorised Capital......$10,000,000,00 Paid-Up Capital Reserve and Undivided
Porits....... 2,983,261.50
Head Ofce:~HONG KONG No. 10 Des Voeux Road, Central,
Board of Director. •
BIR SHOUSON Cuow, Chairman
Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok. Esq. Wong Cha Son, Esq. Wong Yan Tong, Esq. Fung Ping Wah Esq. Chan Oking Shuk, Esq.
KAN TONG Po, Esq., Chief Manager LI TH Foxa, Esq., Manager
Anoy
Branches and Agjencies:
Penang Singapore London Hangoos. Bourabaya
Xato Saigon Daloatin Melbongue Baŭ Fran- Bydany
cisco Totalı Nagasaka
CORVET Bemarang Shangha
New York cesttir Parle Palpiny
Every description of Banking and Exchange business transacted. Lokas granted on approved zecurities
Current Accounts opened in Local Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Cur
encies on terms which will be uoted on application.
SAFE CEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
Batavia
Bombay
Manlio
Halphong
Bankow Hoopiain
Kaor
A
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