1941-01-21 — Page 10

High Low

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

10.40 10.38 19.00

19.30

Close Close Change 10.39. 10.36 .03 of 19,63 19.52b 11 of

861. 861

867

unch.

63 13.05

63

$38

631

7 of

"

12.97

13.00

Close

Closing

Change

March

10,39/40

430

10.40/40

10.36/37

.03 off

"Adams Express

May

10.44/44

10.44/45

10.41/42

.03 off

Alleghany Steel Co.

52 3/4

July

-10.33/33

October

9.93 N

9.87/87

10.33/33 10.31/31 9.92/92 9.89/89. 9,86/86 9.83/83

02 off

Allis Chalmers'

.04 off

Aluminium Ltd,

.04 off

Amer. Can

..

American Oyanamid B.

Transfer

Amer. & Foreign Power

82 1/2

Last Notice Day for January Cotton is January 23, 1941 (Date of Delivery).

Amer & Foreign $7 pt.

On New York:-

Amer. Locomotive

Bank Bills, on demand 23 3/8 Crediis, 60 days'. aight 24 1/5

NEW YORK RUBBER March

JI

Amer. Metals Co.

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

"JANUARY 20, 1941.

On London:-

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

On Shanghal:-

On demand

On Singapore:-

On demand

On Japan

On demand

On India:-,

Telegraphic

and demand

NEW YORK COMMODITY MARKET

(REUTER'S SERVICE)

Opening

1 1/2 December

Total sales Friday:-63,000 bales.

Prev. Today's

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

(REUTER'S SERVICE)

JANUARY 19, 1941.

TUESDAY, JANUARY 21, 1941/

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital... $50,000,000

INDIA, AUSTRALA

AND CHINATM

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858

Reserve Funds:

Paid-Up Capital ..... £8,300,000 Reserve Fund

Sterling

....£3,000,000

£9,000,000

prietors...

...£3,000,000

HEAD OFFICE: LONDON:

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

Proprietors

33, Bishopsgate E.C.? Sab-Agencies In Landon; 117/122, Leadenhall Street, E.C.B West End Branch; 14/18, Cookspur Street, S.W 1 Manchester Branch:

52, Mosley Street, Manchester, 1.

AGENCIES AND BRANCHES

ALOR STAB

HONG KONG PENANG

Last Sala

· STOCKS

Last Sale

...$20,000,000

Jan. 18

Jan. 18

Loew's Inc.

Head Office:-HONG KONG.

3-2

23"

Loft Incorperated

.18

33

Mack Truck Inc.

31/

73

Martin, Glen L

Board of Directors: Hon. Mr. J. 3: Paterson,

291

001

McKesson & Robbins, p14. 251

341

Montgomery Ward

C. C. Roberts, Esq.,

37"

Chairman,

Demity Chairman,

16

M'tain City Copper Co.

31

201

National Aviation

93"

J. K. Bousfeld, Eng.,

151

Nat, Dairy Products

13

4. H. Compton, Esq.,

181

National Distillers

L. J. Davies, Esq.,

231

On Batavia-

On demand

On Paris:-

43 3/4

19,63 63 19.50b/54a May July New contract)... 19.40/40 September,

} 19.25b/30a

19.62b/703 unquoted 19.45a 19.30a

19,526

.11 of

Amer. Radiator

61

National Lead

17

Hon. Mr. S. H. Dodwell,

1941 N

:09 off

Amer. Rolling Mill

Nat, Fower & Light

71

19.30/30 19.15 N

.10 off

Amer. 8'ting and Ring Co.

42)

National Supply Corp.

6 "

. Miskin, Esq.,

E. S. Morrison, Esq.,

Hon. Mr. T. E. Pearce,

.10 off

Amer. Sugar Refining

15

New York Central

141

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

On Salzon:-

On demand

On Manila:—

On demand

Amer, Tel, & Tel

1578

Total sales:-160 tons CHICAGO WHEAT

Niagara Hudson Power

31

Amei. Tobacco. “B”

75

N. American Aviation

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

161

Amer. Waterworks

62

North American Co.

161

........... 101 1/2 May

867 87.

661/87

887 867

unch.

Anaconda Copper

251

Northern Pacific

7

Branches:

July

-812/811..

8177814

81/81

1 oft

Atchison, T. & 8; Fe.

22)

Owens-Tilinois Glass Co.

454

40 3/4

September

821/821

813/817

of

Aviation Corp. ....

41

Paclic Gas & Elec

284

Amoy

Johore Rangoon

On Bangkok:-

Oc demand

On Sterling Notes:-

Bar Silver per oz.

Friday's sales-4,795,000 bushels.

Baldwin Lecometive

17

Packard Motors

31

Bangkok Kobe

Batavia

Kowloon San

i 19 1/2

Baltimore & Ohio

44

CHICAGO CORN

Pän-American Airways

141

Bombay

Kuala

Barber Asphalt Co.

91

Paramount Pictures

10%

Calcutta

May

23 1/4

July

September

| NEW YORK HIDES

March June

MARKET

1,996/2,008 2.04b/052 Volume of business done:-126 lots NEW YORK SUGAR NO. 42 March May

Merch

July

U. S. DOLLARS

, at 23.3/4 Cash,

Chin. 44% Anglo-French

Loan, 1908

42.47

45"

Chinese 5% Crisp Loan.

-1012

264

at

1813 (Ldn IS.) Chinese 8%. Ster. Notes,

1925 (Vickets) Chin. Imperial Rly, 5%

Loan

34

10

47

17

Bank Buying Rate. Now.

Markel Repor

FROM ROZA BROS.

Monday, Jan. 20.

were unchanged Silver prices over the week-end, the quotationsi remaining at 23.1/4 for Ready and 23.3/18 for Forward. American Silver was unquoted.

Total sales for the day:-24 contracts NEW YORK COCOA March May

NEW YORK SUGAR NO. 3:

The London- New York cross-March rate was quoted at 402.1/2. New May York-London was quoted at 403.-

1/4.

Quietly steady.

STERLING

There were sellers at 1/3 Jan- uary/Marit, buyers at 1/3.1/32

Casti

U. S. DOLLARS

Valume of business done:--Nil NEW YORK COPPER FUTURES

A small transaction was report - N.Y, Offelal Silver 34-3/4

ed at 23.3/4 for Cash. The market N.Y.-London Cross Rate 4.03-1/2 closed with sellers at 23.11/16 Cash and a small buyer at 23.3/4 Cash,"

SHANGHAI DOLLARS Opened with sellers at 444 for t:Spot.

Business was arranged at various rates, Closed with sellers at 432, buyers at 434.

SHANGHAI MARKET Steady. Opened with sellers of Sterling at 3.23/64. The highest

rate touched was 3.1/2 and at

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

unquoted 4.03-1/4

LONDON MONEY

MARKET

LONDON, Jan. 20 (Reuter)-In the money-market yesterday des- pite the 'demand for tax pay- | ments, · Ioanable suppiles remained The following quotations are the plentiful for all short-term bor-" middle prices at the close of the rowers.

London, Jan. 17.

market in London. All quotations The £65,000,000 Treasury Bills are subject to confirmation and no offered were allotted at

the close sellers for Bpot were responsibility is assumed.. for errors average rate of £1/28d per cent. quoted at 3.15/32, U. S. Dollars in transmission', opened with sellers for Spot, at 5.5/18. Subsequently the rate rose to 5.9/16 and at the close sellers for Spot were quoted at 6.1/2.

AFTERNOON MARKET Quietly steady.

STERLING

There were sellers at 1/3 Jan uary/March, buyers at 1/3.1/32

for any delivery.

War Loar. 3% (Red,

after 1952)

103-9,18 Defence Loan, 3%

1011 Janton-K'laon Rlz. 5% 13, Chinese 41% Gold Luan

1898 (Brit. Tague) Chinese 3% Gold Bonds,

1925/47 ..........

Sellers at 23.11/16 Cash, buyers chinese 5% Reorg. Loan

SHANGHAI DOLLARS Business was arranged various rates. Opened with sellers at 433 for Spot and at the close there were sellers at 435, buyers at 435.3/4. for Spot.

3

SHANGHAI MARKET Sterling at 3.15/32 and U. 8. Dollars at 5.1/2 both sellers for Spot were quoted at the opening. At the close Sterling at 3.7/16 and U. 6. Dollars at 5.7/16, both sellers for Spot.

4

Shanghai Exchange

Shanghai, Jan. 20 (Reuter)

Official T.T. Kates

Opening

Honan Rly, 5% Bakuang Rig. 65%. 1911..

(L.P..N/Y Issue) Huktang Rly. 5%, 1911

German Issue)....

Hai

Lung Tsing & U

Rly. 5% 1913 8'hai-N'King Rly S Tientsin-Pukow Rly. 5%

(Brit. Stpd.)

Tientsin-Pukow Rly. 5%

4.4 4

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

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

Applications rose from 134.7 to 146 million which is attributed to the Oversea Central Bank require- ments and consequently the mar- ket's supply of Bills dropped from 36 to 27. cent.

Wall Street opened quiet and turm,

INDO-BURMA TRADE PACT PARLEY

RANGOON, Jan, 20 (Reuter) — It is learned that negotiations for a new Indo-Burma 'trade

agree ment wilt commence at New Delh! on Feb. 1. The Burmese' delega- tion will be led by the Premier.

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted wa miunday, Jan. 20, 1941. SALES

Goodrich (B.F)

32.57 28.15 20

20.45 18.03 20 82.15 83.08 40 84.07 48.47 11

14

16

China Providents

15

China Lights

15

China Lights Rts.

1,000 $ 5.80 1,100 200 500 1

5.70 6.30

95

.95

500

.971

Cement's..

200

18.00,

London

New York

Japan

India

0/3-5/16

5-1/4-

22-1/4

› Ger, Stpd. Supl, Loan) 15 Jap..5% Ster. Loan, 1924 224-251 Ger, 1 Intl. Loan, 1924 B) # Chartered Bank

H.K. Docks 101

-100.

18.50

100 1850

100 18.55

HK. Electrics (0)

18-3/B.

Paris

nominal

H.K. Shal. Bank (Lda.

Reg.,

HK. Tramways

82

Hongkong

22

Sterline

HK. & Shai Bank (Col

Peg)

H.K. Hotels

85

H.K. Ropes

200 40.75 500 18.40 500 3.60 500

TO-

8.25

Bellers

These Hot & Muning

Peak Trams (N)

.50

3.50

.1

Lane Crawfords

.35 7:50

Opening

Closing

Spot Jan. Feb.

0/3-23/32 @/3-7/18

(bearer Chosen Corporation.....

1B/3

Star Ferrles

100 63.50

4/-

Unions

7410.00

0/3-11/32 0/3-7/16

Mercantile Bank of In-

0/3-21/64 0/3-13/32 0.8, Dofars

"dl£ £5, “G”

101

5,787

"ekin Syndicate

2/.

15/-

Apot

Jan.

www

5-7/16 5-13/32

134 20

631/031-

834/837

631/63

of

Barnsdall Ou

81

Pennsylvania R.R.

238

Canton

London

634/638

6317634

Singapore

832/831

OF

Benulx Aviation

.36.

Philadelphia Read, Coal

5/32

Chefvo

Lyons

Sourabays

634/631

631/631

on

Bethlehem Steel

841

Phillips Petroleum

372

Colombo

Malacca

Sungei

Blas Co.

18

Public Service of NJ.

287

Dairen

12.97/97

12.60/63

12.67/67

13,00/00 12.64b/67a

Boeing Airplane Co.

163

Pullman Inc.......

281

Foochow

.. Manila Muar

"Borg-Warner.

18

.04 UD

Pure Oll

84

Haiphong

Bankow

Briggs Mfg.

Radio Corpn. of Am.

4)

Harbin

. Budd M'facturing Corp.

Reading Company,

Com

14

Iloilo

Canadian Pacifc R'way

4

Remington Arms Co., Inc.,

52%

3.07 N 5.13 N

5.08b/102 6.136/17a

5.07 'N 5.13 N

Case, JI

541*

unch.

| Republic Aviation Corp.

4+

Celanese"...

27

unch

Republic Steel

20+

Chesapeake & Ohio

421

Revere Corp.

101*

10

Chrysler Corpn.

681

Reynold Tobec. "B"

33+

"י

2.00b/01a 2.04b/05a

.01 up unch.

Columbia Gas & Eleca

41

Safeway Stores

431*

Commercial Credit Co.

30

Schenley Distillers

11

Com. & Southêrn (Ord.)

+

Sears Roebuck

77

Consolidated Edison

231

Sheil Union Oll

114

Consolidated Oil.....

51

Socony-Vacunum Ol

BI

SAFE DEPOSIT various sizes to let.

73b/.7412 .76b/779

73b/.75% .754b/.77a

738/.7348 .76b/.77&

unch.

Continental Can

374

Southern Pacific

91

unch,

Continental Ou

........

198

Southern Rly $5 pid.

22+

and TRUSTEE business undertaken.

BOXES of

EXECUTOR

Chief Manager. FAIRLIE FRACK

Saigon

CANTON CAWNPORE

COLOMBO

BELEI

HAIPHONG

Francisco HAMBURG

Lumpur Shanghai HANKOW

Patani Swatow (Johore) Tientsin Mulden Tokyo

New York Tsingtao

Peiping Yokohama Penang

A

KUCHING

MADRAL

MANILA

МЕДАЯ

い

NEW YORK

PIPING

(Peking)

ȚIENTSIN -

TONGKAN

(-Bhuket)

THINGTA··

YOKOHAMA

FORON EXCHANGE and General Banking Business tranansted:

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 also opened in Local Currency and Sterling with interest allowed" at rates, obtainabla on application,

Ipoh

CURRENT ACCOUNTS opened Local Currency and Fixed. Deposits received for one year or undertakes. Executor and Trustee The Bank's Head Office in London shorter periods in Local and Other Currencies which will be quoted on British Income Tax overpaid, on

application.

business, and claims recovery of

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

R. A. CAMIDGE,

Manager.

&

*MRITSAR

BANGKOK

DATAVIA

ILOILO

IPOT

KARACHI

KANGOON

BAIGON

BEREMBAN

BOMBAY

SHANOBAT

KLANG

́DALOUTTA

W

SINGAPOR

AGENCIES: ROSE CLITETIT, KUALA

SITIAWAN

SOURABAYA

LUMFUR

TAIPING

СЕНО

ጎ

Copperweld Steel

171"

Spicer Manufacturing Co.

36+*

Curtiss Wright (C)

9

Standard Branda

62

11.38b/44a

11,250/30

11.32b/45a 11.39b/45a 01 up 11.20b/35a 11.34)34 .00 up

Curtiss Wright “A”

281

Staud Gas & Elec.

13

Deere & Co..

211

Standard Oil of California

191

Distillers Corpn. Seagrams

18.

Standard Oil of NJ.

34

Douglas Aircraft

75

Stone & Webster

Du Pont de Nemours

158!

Studebaker Com,

71

Eagle Picher Lead

98

Swift. International

"181*

Eaton Mfg: Co. ....

35

Technicolor

9

Elec, Autolite

310

Texas Corp

374

Bec Bond & Share

37

Elec. Bond & Share $5 pt.

554

Texes Gulf Sulphur.

38

Timken-Axle

331

Diec. Bond & Share $8 pf.

65

47

Prans-America Co.

Elec, Power & Light $7 pf. Flintkote

329

613

20th Cent. Fox.

147

12

Union Bag & Paper Corp.

Gen. American Trana. \.............

544

Gen. Electric · ....

341

Union Carbide & Carbon 70

"THE "CHASE BANK

82

Gen Motors

451

Union Pacific

414

the

Gen. Railway Signal Gen. Tire & Rubber Glidden Co.

145**

United Aircraft

12*

United Airlines Trans

152

United Corpn.

1}

14

137

Unked Corpn. $3 cum pf.

29

£

"

Goodrich $5 pf.

63**

United Gas Corpn.

Goodyear Tire & Co. Great Northern Iron Ore Great Northern Rly, pfd.. Great Western Sugar

191

United Gas Improvement

10

15.

U.8., Industrual Alcohol.

261

27}

U.S. Rubber

228

217

US, Rubber $8 pfd.

861

Greyhound Corpo

Hercules Powder Co

Homestake Mining

Int Nickel

Inter." Paper & Power Int. Tel. & Tel.

Johnsman

Kennecott Copper Libbey Owens-Ford Lockheed Aircraft

.97.

DOW JONES AVERAGE

Jan. 19, 1941.

High Low Close 130.28 173.60 129.75 20.24 28.98 29.03 20.30 20.20 - 20.37.

Change

21 up

Į

1940

High Low Dow Jones Averages 152.80 111.84 30 Industrials

Jan. 17,

129,54

Rails Utilities Bonds Commodity Index

29.16

.13 off

20.13 91,66 57.03

14 up

91.78 58.98.

.12 up

of

Business Dons:--250,000 abares

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

D. L. BALLANTYNE,

Manager,

A Job?

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

100, 40.75 Operating Services for Cargo and Fassangera

The total value is $59.567.75.

United Steel. Woolworths

MRTRIAL Investmenta

35-5/16 -$5-7/18

5-9/32 Feb.

5-1/4 Market: Uncertain.

S'hai Mec. Constr. Co. S'hal Waterworks “A” Union. Insurance Gula Kalumpong Rubber 16/7 Lon.. Mid, & Seot., Rly. 151 Great Western Rly... 372 National Bank of India 32 B.-A. Tob (beamar) Dunlop Rubber The Equalisation rate was 234 Bristol Aeroplane

Silver Daly Rate The Central Bank of China's Tate on London at 10 am. today was 1/2-1/24.

per cent,

Western Holdings Hub-Nigel

23/9

56/3

7/8

95

11 158/3

34/44 10/3

hell Trans & Trad.

(bearer)

Imperial Chemical Ind 30/44

•bid.

***40/3 -x, div.

"SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG. and CALCUTTA.

SANDAKAN

HAIPHONG

All steamers berth alonguide

the Roosevelt Terminal io.

the French Concasion at

Shanghai, where passengers

and cargo are landed.

For further particulara

please apply to-

JARDINE MATHESON&Co.,LTD. TELEPHONE SOZILLGENERAL MANAGERS

Xelbourne Ban Fran- 9ydney

ulsa Tentan

Beng

Stan

COSTUR

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

Current Accounts opened in Local Currency and Fixed Deposits zo- ceived for one year or shorter perioda in Local and Foreign Cur reacies on terms which will be

uoted on application.

SAFE CXPOSIT Boxes To LET

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

"BANKAATSKA FAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER ÜHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend: o our Clients special facilities for Domestic and Foreign Banking and' Exchange....

Head Office:---SHANGĦAL Hong Kong Brinch;

4, QUEEN'S ROAD, C. South China Offices!"

CANTON

SWATOW

SHIUCHOW

KONGMOON TOISHAN KINGOHOW

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

BHOJ J CHEN,S

Manager,

117

U.S. Smelting

63

74

U.S. Steel

65+

51

Vanadium

32A

SAFE DEPOSIT BOXES

253

Vultee Aircraft

78*

HONGKONG „SAVINGS

BANK

The Business of the above Bank) is conducted by the BONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

7. M. GRAYBURN,

Chief Manager. Hong Kong. 25th Feb, 1939.

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE; -

18, PINE STREET,

NEW YORK.

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

Interest Rates on Application,

BANK OF EAST ASIA, LIMITED

Authorised Uspital...$10,000,000.00 · Paid-Up Capital ........ 6,698,800.00 Reserve and Undivided.

Porata

.2,983,261.50

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

Board of Director.

BIR SHOPSON Cnow, Chairman Li Kocr Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq., Wong Chu Son, Das. Wong Yum Tong, Esq. Fung Ping Wan Esq. Chan Ubing Shek, Esq.

KAN TONG PO, Esq., Chief Mundger Li Tax Fong, Esq., Manager

Branches and Agencies:

Ko'rloos

Lowel

Prosec Hingapore

Langoon

Kalgon

Amas

Batarin

Bambar

Sanils

Caloutta

Heptong

Kaguras

Hankow

Na Tork

Battle

Bononia

Pari

Sub

Polplex

Bourabaya

+

137

Walworth Co.

51*

21*

Warner Bros. Pict.

31

81

Westinghouse Elec,

1024

34)

Woodward Iron Cor.

31

over U.S.$2,800,000,000.

Glass

401 281

Chase National Bank National City Bank

321*

274*