1941-01-30 — Page 10

19.45

19.36 19.45 .09 up

841

- 84

B41 34 1 of

83

822

63 827

13.10 12.85

.08 off

STOCKS

Close

Opening

Closing

Change

Adams Express

10,38/38

10.40/40

10.39/39

101 up

Alleghany Steel Co.

10.41/41

10:43/43

10.39/40

.82 off

Allis Chalmers

10.39 N

10.32/32

10.27/28

,03 off

Akumluftum Ltd.

9,80/80

9.83/83

9.76 N

9.71 N 10.87

9.78b/80& 9.73b/762

9.79/79 9.74 N 9.69 N 10.88

,01 off

Amer. Can

02 off

American Cyanamid B....

-.02 of

Amer. & Foreign Power

01 up

Amer & Foreign $7 pf.

Amer. Locomotive

Amer: Metals Co.

Crediis, 60 days' sight 34 1/4

Amer, Radiator

On Batavia:-

Amer. Rolling Mil

| PAGE 10–HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS JANUARY 28, 1941.

On London¦---

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2.7/3. Credits 4 months' sight

On Shanghai:--

On demand 420

||

NEW YORK COMMODITY MARKET

NEW YORK, Jan. 28, 1941.

(REUTER'S SERVICEY

Prev. Today's

High: Low

Close Close Change

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

March

On Singapore:-

On demand

............. 52 3/4

May

On Japan:-

July

October

On India:-

December

Telegraphic

and demand

Transfer.

*}82 1/2

January (1943)

Spot

On demand ............... 1802 1/2

On New York:-

Bank Bills, on demand 23 1/2

יון

10.41 10.38 10.38 10.39 .01 up 19,45

1293N 12.85

off

Total sales Monday: 55,100 bales.

The Arst notice day for March cotton is 25/2/41 and last day is 14/8/41.

NEW YORK STOCK EXCHANGE -

QUOTATION

(REUTER'S SERVICE)

JANUARY 29, 1941.

THURSDAY, JANUARY 30, 1941.

BANKS

RONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

41

Authorised Capital....... $50,000,000

Kesarva Funds: Sterling

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up as0,000,000 Incorporated by Royal Charter, 1859

Paid-Up Capital £8,500,000 Reserve Fund

....£3,000,000 „£3,000.mɛ

.£3,000,000

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

prietora

Proprietors...

-$20,000,000

Head Ofee:-HONG KONG

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

Chairman. W. H. Lock, Esq..

Deputy Chairman.

HEAD OFFICE; LONDON:

38, Bishopsgato E.C.S. Sub-Agencies In- Lendon:

117/192, Leadenhall Street, B.C.1 West End Branch: 14/16, Cockspur Street, 8.W! Manchester Branch: 52, Mosley Street, Manchester, 1

AGENCIES AND BRANCHES.

| 4208 STAZ

AMRITSAR

BANGION

HONG KONG PERANG LEOIEN

ПРОН

RANGOON

SAIGON

Last Sale

STOCKS

Last Sale

Jan. 28

Jan. 28

61

Loew's Inc.

331

23

Loft Incorperated

173

34

Mack Truck .,Inc.

311

-73*

Martin, Glen L

281

902

McKesson & Robbins, pf4. 26

341

Montgomery Ward

371

1

M'tain City Copper Co.

31

J. E. Bousfeld, Esq.,

181*

National Aviation

92

A. H. Compton, Esq.,

151

Nat Dairy Products

13

L. J. Davies, Esq.,

184*

National Distillers

321

Hon. Mr. 9. H. Dodwell,

JE

01

National Lead ................

16

G. Miskin, Esq.,

15

On demand

44

On Paris:-

NEW YORK RUBBER March

Nat. Fower & Light

E. 8. Morrison, Esq.,

Amer. Sting and Ring Co.

43

National Supply Corp.

Hon. Mr. T. E. Pearce,

01

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

May.

19.36/37 19.25/28

19.30b

19.45/45

19 up

Amer, Sugar Reaning

15**

New York Cential

11

July (New contract)

19.18 N

19.25b/34 19.35a.

On Balgon:- F

September {

..... 19.15 B

19,02/20

19.37/37 19.26b 19.30b/23a

.12 up

Amer. Fel, & Tel.

1851

Niagara Hudson Power

21

.08 up

Amer. Tobacco "B"

717

N. American Aviation

181

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

Chist Manager.

BATAVIA

BOMBAY

CALOUTTA

CLAYS STREET KUALA

CANTON

LUMPUR

BERIMBAT

KARACHI

'ELANG

SHANGHAI

BINGAPORE

AGENCIES:

KOLE

BITIAWAN

FAILLIN PRAGA

SQURABAYA

TALFING

.05 up

Amer, Waterworks

61

KUCHING

North American Co.

168

On demand

102

Total sales:-220 tons.

Anaconda Copper

257

Branches:

| Northern Pacific

67

On Manila:---

Atchison, T. & 8. Fe.

231

| Owens-linols Glass Co.

463

Amoy

Johore

On demand

47

CHICAGO WHEAT

Aviation Corp.

4)

Pacific Gas & Elec

On Bangkok:-

May

841/842

848/84)

84/841

off

281

Bangkok Kobe

Baldwin Lecometive

16

Packard Motors

Batavia Kovicon

Rangoon Saigon San

CAWNPORS CEAU COLOMBO

TIENTBIX

·

MADHAB

TONGKAR

MANTEA

DELHI

MIDAN

On-demand

119 1/2

July

781/78

32

781/781

781/78

off

Baltimore & Ohio

4

Bombay

Kuala

Pan-American Airways

137

On Sterling Notes:

September

79/79

781/78

* off

Calcutta

Barber Asphalt Co.

91*

Paramount Pictures

111

Bank Buying Rate

Nom.

Canton

London

Monday's sales:-8,304,000 bushels.

Barnsdall OB

81

Pennsylvania R.R

23

Chefoo

Lyons

Bar Süver per oz.

23.1/4

CHICAGO CORN

Bendix Aviation

177

Phliadelphia Read, Coal

3/16

Colombo

Malacoa Sungei

Bethlehem Steel

May

63/63

63/63

July

September

631/837 637/637

631/63)

327/521 63/63 827/627

1 oft

Bliss & Co.

7 off

Boeing Airplane Co.

off

Borg-Warner

NEW YORK HIDES

Briggs Mig.

Total sales for the

12.93 N 12.91b/13.00a 12.65/85 12.63/69 12.58b/65a 12.54/55 day:-38 contracts.

.08 or

Budd MTacturing Corp.

09" off

Canadian Pacide R'way

Case, JI....

Celanese...............................

Chesapeake & Ohio

May

4.96 N 5.03 N

4.94b/5.00 5,04b/08

5.00/00 5.06 N

2.04 up

Chrysler Corpn.

.03 up

Columbia Gas & Elec.

403.-

Cross- NEW YORK SUGAR NO. 3.

March May

Commercial Credit Co.

Com, & Southern (Ord.)

2.02b/03a

2.08b/088

2.02b/03a 2.07b/08a

unch.

Consolidated Edison.

01 up

Consolidated On

MARKET

Volume of business done:-184 lots.

NEW YORK SUGAR NO. 4: March May

Continental Can

Continental Off

Copperweld Steel

.76b/.78)2

.791b/.802

.787.76 .79b/.791a

.74jb/.75a .78b/.78 a

.01) of

Ourtiss Wright (C)

01 off

Curtis Wright "A"

-

Volume of buisness done: 83 lots. NEW YORK COPPER FUTURES March

Deere & Co. .....

Distillers Corpn. Seagrams

July

11.43b/49a 11.38b/44a

Douglas Aircraft

11.42b/508 11.35b/45a

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

11.48b55a .05 up 11.40b/48a .02 up 34-3/4 4.03-1/2

Do Pont de Nemcurs

Eagle Picher Lead

Eaton Mfg. Co.'

Elec. Autolite

Elec Bond & Share

Elec. Bond & Share $5 p.

Elec Bond & Share $8 pt.

Elec. Power & Light $7 pf Flintkote

Gen. Amerizžan Trans. Gen. Electric

Goodyear Tire & Co.

Great Northern Iron., Ore.

Spot. 23-1/4d.

E

War Loan. 34% (Red

after 1952) Defence Loan, 3%

103-7/16

101-1/4

13

Chinese 41%%% Gold Luan

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

1925/47

44

Jhin. 41% Anglo-French

Loan, 1908

46

Chinese 5% Crisp Loan

63-02

1912 ..

28

63-01

Chinese 5% Reorg, Loan

62-10

1913 (Lda. Is.)

34

Chinese 8% Ster. Notes.

1925 (Vickers) Chin. Imperial Rly. 6%

Loan

10

47

16

Great Northern Rly, pfd. Great Western Sugar Greyhound Corpn. Hercules Powder Co. Homestake Mining Int Nickel

Market Repor

FROM ROZA BROS.

January 29.

Silver price's were quoted this March morning at 231/4 for Ready and June

23.3/18 for Forward. Silver ad-

vices reported the market as being

quiet with a small business done. NEW YORK COCOA American Silver was quoted at March $4.3/4 for Spot.

The London-New York rate was quoted at 402.1/2. New York-London was quoted at 1/2.

Nothing doing.

STERLING

Sellers at 1/3 January-April, buyers at 1/3.-1/32 Cash.

U. S. DOLLARS

Sellers at 23.7/8 for Cash, buyers

at 23.15/16 for Cash.

SHANGHAI DOLLARS

436 sellers for Cash.

SHANGHAI MARKET

The Shanghal Exchange market was closed today.

India Rupee Paper

Bombay, Jan. 28 (Reuter). Govt. 31% Rupee, 95-06-0.

Calcuna Exchange

Calcutta, Jan. 28 (Reuter). TT on Japan. 81-1/4.

SILVER MARKET

LONDON SILVER London, Jan. 28 (Reuter).

Business Silver-Market quiet. very small. In the afternoon, the

LONDON STOCK | PRODUCTION OF

EXCHANGE

(REUTER'S SERVICE

London, Jan. 28..

EXPLOSIVES

"In 1941 Canada will be pro- ducing explosives at an annual rate more than twice as great as The following quotations are the the

entire production of this middle prices at the close of the country in the Great War" said market in Londen. All quotations Hon. C.D. Howe, Minister of Muni are subject to confirmation and notions and Supply. "Our present responsibility is assumed for errors)

chemicals and explosives in transmission.

market was very quiet with no canton-Kloor Rly. 5

business,

Forward, 23-3/16d.

BOMBAY SILVER

Bombay, Jan. 28 (Reuter).

Market-Steady. Offtake 50 bars.

Ready

Indian Mint Silver

Feb. 21 Settlement Mar, 25 Settlement

LONDON GOLD.

London. Jan. 28 (Reuteri. Bar Gold, Fine per oz., 168/-

COTTON GOODS PRODUCTION

pro

gramme," he continued, "now in- volves capital expenditures of some $60,000,000 and includes the erection of 10 plants, several of which equal in magnitude anything of a similar nature existing in the Empire today.

"With the development of this 42 to 47 progdamme, the Canadian output of explosives will be substantially increased within the next few weeks."

Honan Riy. 5% Bukuang Rly 5%. 1911...

(L.P. NY Issue)..... 15

13

14

10

Hukuang Rly. 5% 1813

German Issue) Lung, Taing & Ha!

Rly. 5% 1919 'hai-N'King Rly. 5% Tientein-Pukow Rly. 5% ·

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

(German Stpd.)......... 15

In order to meet the wide spread need for cotton piece, goods in the interior, the Reconstruc- tion Department of the Kwang- tung Provincial Government has completed plans for the establish ment of two factories for cotton Tientaln-Pukow Rly 5% spinning and weaving respectively,

15

יוי

A very large shell filling plant is presently being constructed' which will employ some of the production from the explosives plants. Plans are under "way for the further enlargement of the shell filling capacity of the Dom- inion.

The construction work on all these plants is proceeding well up to schedule and, in several in [stances, substantially ahead of the schedule, said the Minister. The output of explosives will include both propellants and high explo sives of several types,

LONDON METALS

-EXCHANGE

London, Jan. 28 (Reuter).

Standard, Cash, Middle

Tin, Standard, 3 months, Middle Price, unreceived

Market frm.

(Ger. Stpd. Supl, Loan) obtained a loan from the Kwang-Jap. 8% Ster. Loan, 1924 tung Provincial Bank,

Brit. Stpd. BupL Loan) 15 To finance the undertaking, the Tientsin-Pukow Rly. 5% Reconstruction Department

Tu

has

15

23

Price: £257-1/8

Ger. 7% Intl. Loan. 1924 The machinery for the projected Chartered Bank factories has been ordered and is K. & O'ha! Bank (Lán. expected to be delivered here in April-(Central News).

5-1/2

8-3/4

Reg. ......

79

HK & 8hai Bank (Col

Pex)

85

National Bank of India 31-1/2

Chinese Eng. & Mining

(bearer)=0].

B.-A. Tab (bearer) .....

18/-

Dunlop Rubber

93/9 34/3

been

Chosen Corporation." Mercantile Bank of In-

dia. £5, ""

4/~

Bristol Aeroplane

10/11

Imperial Chemical Ind. 30/-

11-1/8

United Steel

22/7)"

1/6

Woolworths

Marsman Investments

Western Holdings

55/6. 7/6 10

150/6

-bid (bearer)..

-x. div

44/0

34-3/4hell Trans

Trad.

A new paper

NEW PAPER MILL

IN YUNNAN

mill hag founded in Yunnan.

it being Pekin, Byndicate........

named the Yun Feng Paper Mill, s'hat Elec. Censtr. Co....: 15/- Sponsors Include Miao Yun-tal. S'hal Waterworks "A"........... 13-1/2 Lu Chl-an, Tu Yuen-sheng, and Y. Union Disarance

M. Calen. A formal inaugural Gula Kalumpong Rubber 15/71

held, – (Central Lon, Mit & Beot, Ry, 17

Great Western Rly.

ceremony was News).

Hab-Nigel

20

Gen. Motors

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

Goodrich (B.F.).

Goodrich $5 pt:

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

Kentecott Copper Libbey-Owens-Ford Lockheed Aircraft

104041

DOW JONES AVERAGE

High Low Dow Jones Averages 169.80 111.84 30 Industrials

32.67 22.16 20 Rails -28.45 18.03 20 Utilitiea

Bonds 92,13 83.00 40 64.07 48.47 11 Commodity Index

Jan. 29, 1941. Jan. 27, High Low Close 129.03 129.27 128.42 128.00

Change

.43 off

29.67

29.78 29.44 29.48

.18 off

20,33

20.45 20.18 20.24

92.10

56.40

02.19 58.32 .67 off

.09 off .09 up

Business Done:--470,000 shares.

HONGKONG SAVINGS

BANK

The Business of the above Bank s conducted by the HONGKONG} SHANGHAI BANKING COB PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRATRUEN,

Chief Manager. Hong Kong. 25th Fab.. 1939.

14, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

16, PINE. STREET,

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

Interest Rates on Application.

SAFE DEPOSIT BOXES

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

over U.S.$2,900,000,000.

D. E. BALLANTYNE,

Manager,

A job?

WANT ADS

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

porating Services for Cargo and Passengera

TO-

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and "OBAKA ·

SINGAPORE, PENANG and CALCUTTA“

BANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concassion at Shanghai, whero" passengers. and cargo are landed.

For further particulars

please apply to

JARDINE MATHESON&Co.,L TELEPHONE SO3IL GENERAL MANAGERS -

BANK OF EAST ASIA, LIMITED

3,598,800,00

Authorised Capital.....$10,000,000.00 Paid-Up Capital .......... deserve and Undivided

Ports

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

Board of Director.

SIR SHOPBON CHow, Chairman Li Koon Chan, Esq. Li Lan Sang, Beq. P. B. Kwok, Bag, Wong Chu Son, Esq. Wong Yun Tong, Esq. Fang Fing Wah Esq. Chan Ching Shok, Esq.

Kan Tong Po, Esq., Chief Manager Lt Tax Foxa, Eao, Manager

Amoj

Branches and Agencies:--

Koyrlook Ponang Bingapore London

Kangosa Bourabays Haight Bwatow

Calonta Melbourne San Fran. Sydney

Nagsasa New York zinattle

Pariv

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

Current Accounts opened in Local Currency and Fixed Deposits re ceived for опе year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.

SAFE CRPOHIT BOXES TO LET

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

A BANK

PAID-UP CAPITAL $40,000,000.09 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China, and connections in tha 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, O. South Chine Offices:

CANTON

SWATOW

SHIUCHOW

KONGMOON TOISHAN KINGOHOW

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

SHOU J. CHFN"

Manager.

85

Philips Petroleum

371

Dairen

Manila..

184

Public Service of NJ.

281

Foochow Muar

Swatow

171

Pullman Inc.........

283

Haiphong

(Jobare)

18

Bankow

Pure Oil

8

4231

Harbin

Radio Corpn. of Am,

44

41

Reading Company,

Com

14

Iloilo Ipoh

Tientsin Mukden Tokyo New York Tsingtao

Yokobsina Perping

33

Remington Arma Co., Inc.

50*

54

Republic Aviation Corp. ....

49

261

Republic Steel

201

424

Revere Corp.

9"

68!

Reynold Tobac. “B”

33$

41

Safeway Stores

42

201

Schenley Distillers ....

101

11/18

Sears Roebuck

751

22)

Shell Union Ol

101

various sizes to let.

50

Socony-Vacuum Oli

91

TRUSTEE and

38

Southern Pacific

91

business undertaken.

HAIPHONG Francisco HAMDUNG

BANKOW Lumpur. Shanghai

Singapore Sourabaya

Penang

Patani

PRIPING

(Peking)

FORE ON EXChange and Gebutal Banking Business transacted.

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

SAVINGS ACCOUNTS also" opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

CURRENT ACCOUNTS opened in Local Currency and FIXED DE

The Bank's Head Office in London POSITS received for one year or shorter periods in Local and Other undertakes. Executor and Trustee Currencies on terms which will be business, and claims recovery

British Income Tax overpaid, on quoted on application.

of

SAFE DEPOSIT BOXES of terms which may be ascertained at

jany of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

EXECUTOR

KEW YORK

(Bhukos) TSINGTAL YOKOHAMA

183

Southern Rly $5 pfd.

231

173

Spicer Manufacturing, Co

36

81

Standard Brands

et

281

Stand Gas & Elec.

I

21

Standard Oil of California

191

177

Standard Qu of NJ.

341

744

Stone & Webster

73

1551

Studebaker Com.

75

91

Swift International

182

35)

Technicolor

9

31

Texas Corpn.

381

31

2,983,281.50

Texes Gulf Sulphuri..

37

58

Timken-Axle

317

844

32).

Trans-America Co.

43

20th Cent. Fox.

61

144

Union Bag & Paper Corp.

113

THE CHASE BANK

55

Union Carbide & Carbon

677

341

Union Pacific

811

414

United Aircraft

391

144

United Airlines Trans

141

12

United Corpn.

11

14*

United Corpn. $3 cum pt. 27

14

United Gas Corpo.

#

627*

United Gas Improvement

9

181

US., Industrual Alcohol. ...

281

15

U.S. Rubber

22

27:

US. Rubber 38 pfd.

91

211

U.S. Smelting

631

111

U.S. Steel.

671

71

Vanadium

314*

Encaria

Bombay

Harila

Esiphong Makow

K

Helping

cisco Tientsin

Confer ..Bemarang

хлам

50%

261

Vultee Aircraft

67

Walworth Co.

50

14

Warner Bros. Pict.

3

21*

Westinghouse Elec.

981-

81 ·

Woodward Iron Cor.

30+

333*

Glass 37%

Chase National Bank National City Bank

32*

27*

254