HONG KONG DAILY PRESS. WEDNESDAY, AUGUST 19, 1936.
H. K. STOCK
LONDON EXCHANGE RATES
*
NDL
FAR EAST EXPRESS
PASSENGER & FREIGHT SERVICE.
Porta
Mard, C'blanca, Lisbon, Huwel, Antwerp, Rattarian, linburg,, Bremen...
From Hong Kong to
Europe
Tassele
Gurbon +2
Haval
Mar. Bione "S'hampton, Rotterdam ltrymen, ahog
Straite & Ceylon
Manila
Harch eng ties:
B'pore Prang, Belawan, "Colombo:
Sopi
· Sharjah.
Aug.
Ang.
Sept 15
'bai, Yokohama, Koba
Sept.
hal, Yokohama, Kobe
C
Shanghal.
Tringtas, Detro This,
Yakin, Nagoza, Kobe/Osaka
Sept
3
Beumehasu Priderut
Rabaul, Madang, Tulkgi. Kavieng, vid... Malang, Sulamna, Rabaul, ste.
Brpt
11
Shanghai' & Japan
Shanghal, North China & Jawan
South Sea Islands
Seberaarst...
Scharnhorst... Putadam...
Попан
spor, Belawan
Marita
Martin...
Subject to Alteration without Noter,
For gul Praight apply tu
NORDDEUTSCHER LLOYD BREMEN
Qton's Building.
25
MELCHERS & CO.
AGENTH
Telephone 172
CANTON AGENTS: JERSEN & CO., SHAMEEN, B.C.
S.S. "BENMOHR
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on or about the 9th September.
Cargo will also be accepted or through Bill of Lading to the usual transhipment ports.
Next Sailing for JAPAN
"S.S. "BENMOHR
...
Aug. 22nd
For Freight and Passage apply to :---
Tel. 633
W. R LOXLEY & CO., (CHINA) LTD.,,
York Building. Agenta:
THE BEN LINE STEAMERS LTD.,
PHILIPPINE MINING
NEWS
Consolidated
Mines To
Issue More Shares
Consolidated Mines stock reach-
e a new all-time high of P.05-per share few days ago. with 14.090,000 shares changing hands. This issue led all other mining shares on the Manila Stock Ex-1 change" in a hectic day during a new average price of 204.5 was set. The board of directors of Con- solidated Mines has announced the
MARKET IN US,
EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
The demand noted "yesterday continued throughout the day with prices hardening but scrip remains scarce.
The Philippine mining section was easter with a falling away in the quotations ΤΟΣ the more popular counters. There would appear to be more shares on offer than buyers are prepared to ab- sord.
The investigations now being "conducted in the United States by Mr. Whitney. president, and Mr. Scarfe, chief engineer, of Consoli- dated Mines, with reference to the chromite deposit's in company's Zambales, have resulted in highly encouraging revelations, according (" to the Manila office of the com-
pany.
It has been proved, through ex- haustive tests. that the ore is en-"
use.
refractory The metallurgist who worked on the ore with Mr. Scarfe, R. R. Biyan. is now on the staff of Consolidated Mines.
release of approximately 60,000,000tirely suitable for metallurgical and shares of authorized but unissued capital stock. to shareholders. at two centavos per share. "All share- holders of record on August 22 will have the right to subscribe to this stock to the extent of 20 per cent. of their respective holdings, or at the rate of the new share for each
Ove shares held.
BUYERS.
"Hong Kong Banks, $1,550. Bank of East Asia. $74. Canton Insurances. $257). Union Insurances. $547).
H.K. Fire Insurances, $295. Wharves. $94,"
Providents (Old), $1.43, Venz, Goldfields, $it Antamoks, $5.30. Benguet Consol.. $244. Benguet Explor.. 42 cts. 1po Gold, 41 cta. I.XL. $2.90. Northern Mining, 52 cta. Paracale Gumaus, $1.20. Hotels, $4.95.
Hong Kong Lands. $33. Hong Kong Trams, $11.65. China Lights (Old). $11.70. China Lights (New), 98.35. Electrics, $52).
Telephones (Old), $28.60. Cements, $9,55.
Hong Kong Ropes, $3.
Dairy Farms. $21,
Watsons, $31.
Ewo Cottons, Sh.$71. Constructions (New), 30 cta.
Ch. Govt. 5 1995. G.S. Bonda
92%.
Govt. 4% Loan. 8% Prem. Gov, 31% Loan Dur
SELLERS
Hong Hong Banks, $1.370. Atoks. $1.05.
Baguio Gold, 52 cts Benguet Explor.. 45 cts. Consolidated Mines 11 cts. San Mauricle, $3.10. Suyoc Consol, 80 dis United Paracale. $2.55. Santa Rosa, 15 cts."
SALES Canton, Insurances, $250. HK. and W. Docks, $14. - Providents (Old), $1.45, Antamoks. $5.28/5). Atoks, $1..
Bagato Gold, 54 cts.
Benguet Explör.. 44 cts
Big Wedge, 65 cts.
Consolidated Mines, 11/11 cts.
Demonstrations, $13. Ipo Gold. 484 cts. Itogons. $2.95.
Northern Mining, 52/54 cts, Paracale Gumaus, $1.26 Salacots. 22 cts.
San Mauricio. $3.20.10. Suyoc Consol.. 75/80 cts.. Gold River, 134 cta. Santa Rosa, 13/15 cts. Hotels, $5.
China Lights (Old), $11.65 China Lights (New), $8.35. Hong Kong Ropes, $3. Cements, $9.60.
SINGAPORE RAW "RUBBER
Latest Singapore Prices
(Barrie WIRELESS SERVICE
August 15.
Paris Geneva
76 23/84 15.421
August 17, 78 21/64
15.42
Berlin
Athens
Milan
Shanghai
New York Amsterdam
Vienna Prague Bucharest Madrid Lieben Hong Kong
Brussels Montevideo
Belgrade
Montreal
Yokohama
Helsingfors
Rio
Buenos Aires
Silver (Spot
Silver (forward)
War Loan
On LONDON:-----
ON. SHANGHAI:-
On Demand
ON SINGAPORE:→
ཙྩཱ་
12.491
63 13/16
12.49
"
5.02 13/36 7.404
63 7/8 1/2 7/18 5.02 6/8 7.40
121 1/8
39.
674 391
110 3/16
29.83)
29.824 38 11/16
5.033 1/3 1/16
5.C2 5/8
101
191
191
106 13/16
Closing Quotations
O NEW YORK:-
Bank Bills, on demand 31
Bonk Bills, on demand 471
i
PRESIDENT LINER TRAVEL SERVICE
is Yours to Command
Preddwl Liners' frequent sailings and thate unique stoparur privlingus allow you to travel jual exactly as you choose, And Dollar Soumably Lines and American Hill Line worldwide ontoes and agents are maintained to serve you kahors in whatever place you chance to be. Make your next trip more enjoyalije, traveling "The Proskiant Line way.”
To SAN FRANCISCO
To SEATTLE, VICTORIA Via Shanghai, Kobe, Yokohama, via Shanghai, Kobe, Yokoham Honolule, San Francisco, Panama
and Victoria. Canal, Havana, New York, Pres. Cleveland M'night Aug. 25th Prem. Jefferson M'night Aug. 28th Pres. Coolidge Noor Sept. 5th Pres. Jackson M'night Sept. 11th Pres, Tait 'night Sept. 2nd | Pres. McKinley M'night Sopt with Pros, Hoover Noon Oct. 3rd Pres. Grat M'aight Oct. 9th Frea. Pierco M'eight Oct. 20th Pres. Jefferson M'night 'et, 3rd
EUROPE, NEW YORK
Via Manila, Singapore, Penang, Colombo, Bombay, Sués Canal. Naples, Genos and Marvello
MANILA
THE MOST FBEQUENT SERVICE
Next Sailing
Pres. Mource Bam, Aug. 29th Pres. Jefferson Pres. Van Barco 8 a.m. Sept. 19th | Pres. Coolidge Fres. Garfield 8 a.m. Sept. 26th | Pres. Monroe Pres. Polk S'am. Oct. 10th Pros. Jackson
6 p.m. Aug. 22nd
pm. Aug. 27tb
8. Ang. Oth
4 p.m. Sept. 8th
Pres. Adams 8 a.m. Oct. 24th | Pres. Van Roren 8 km, Sept. 1 'th
MOST FREQUENT SERVICE ON THE PACIFIC
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PIDDER BUILDING-KONG KONG, CANTON BRANCH 1–4, SHAXIN ROAD,
Aug. 18, 1938.
Telegraphic Transfer.. 11/3 Bank Bills, on demand 13 18 Credits four · months'
sight
Credits, 60 days' sight. '31 8/10
ON BATAVIA:
On demand......
45
OF PARIS:-
1/3 3/16
Credits, month's sight 500
1023
ON SALOON:-
On demand
... 461 6
On demand
૩૧ન
ON MANILA:—
On demand ........
€2
On JAPAN:-
. On demand
.............. 105)
ON BANGKOK :-
OF INDIA-
Telegraphic Transfer.... Bank, on demand.........
Da demand................. SOVILLIONS, Bank Buying
Bate
1801
1/31/18
CONSIGNEE NOTICES,
NEW
YORK
STOCK
BAR SILVER, per OL
EXCHANGE
́exhrough mouler's agoner?
QUOTATIONS
New York: August 18
New York/London Cross-rate Now York Cotton-Oct, New York Rubber-Sep Chicago Wheat -Sep. Chicago Corn
-Sep Silver--Official
Dow Jones Averagcs
30 Industrial
20 Rail
gu Utilice
40 Bonds
Chango
Last Today's High Low Close Cloze
- 5.02-23:32 5.02-91/32 1/16 off 11.84 11.74 1171 11.83 .19 up 16.18 18.11 18.26 10,11 .14 off
113
113 113
up
112 107 102 111
44.
431
31 P unchanged
1936
Aug. 7.
High Low Aug 18. High Low Cluse Change 1.70.15 143.11 183.56 18701 164.66 165.38 .48 off
36.09 4065 $3.98 18.06 28.23 34.76 103.32 98.32 103.89
54.11 53.4 33.81 37 # 34.56 34.4% 24.03 ..23 of
103.82 Go
67.48 Business Done: -630,000 shares, ·
11 Commodity Index 67.5 63.58 anquoted
+++
די
HAMBURG-AMERIKA LINE.
NOTICE TO CONSIGNEES.
THE
THE MY
BURGENLAND"
CONSIGNEE NOTICES.
NOTICE TO CONSIGNEES.
ELLERMAN LINE
Fox GDYNIA, HAMBURG AND
ROTTERDAM,
NEE Steamship
"CITY OF CARDIFF"
having arrived, consignees of cargo by her are informed that all goods are being landed at their risks into the hazardous and/or extra- bazardous godown of Mesars Holt's Wharf, whence delivery may be obtained.
baving arrived from Hamburg and
T Ports of call, Consignees of Cargo are horeby notiñod that their Goods are being landed and placed at their risk inte the Hong Kong Kowloon Wharf & Godown Company's godowns at Kowloon, where delivery
y be obtained as soon ma the Goods are Taudod.
Optional Cargo will not be landed here, unless Notice has been given 48 hours prior to Vessel's arrival, but carried on from port to port to the final port of call to which the option extends.
Optinal cargo will be carried on, unless notice to the contrary Le gived prior to arrival of steamer.
No claims will be a 'witted after the
No Claims will be admitted after the goods have left the godowns and alt Goods have left the Godowns, "and all goods Goods remaining undelivered after the Ang 10 against the sien-mer must
31st Aug., 1936, will be subject to Ali Bent.
1938 undelivered after 25th
will be subject to rent.
1936, ot) erwise they
be presented to the undersigned on or All broken, chafed and damaged Goods before 1st Are to be left in the Godowns, where will not be recognized
they will be examined on 20th Aug.. All broken,
chafed and damaged. 1936, at 10 m., by our Surveyors, goods must be left in the godowns, Lasers. Goddard & Dongles.
where they will be examined by the To comply
with
the General Bonded steamer's surveyor on any Tuesdays or Warehouse Regulations oorsigues mast Fridays, between the hours of 10.4 m. have a Revenue Officer in tendance & Noon, within the Free Storage Period when damaged 471
dutiable goods are of One Week. 507 ·551
Int. Harvester Co. ... 347
examined.
All Claims must reach as before the 14th Sept. 1936, or they will not be recognized.
No. Insurance will be affected.
No Fire Tourance has been affected. Bill of Lading will be countersigned by THE BANK LINE (UBINA) LTD,
Agents.
Bill of Lading will be countersighed by Bong Kong, 18th Aug., 1936.
JEBSEN & CO..
Agents,
Hong Kong, 14th Aug., 1936. (4617
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
unchanged
Silver prices were yesterday, the quotations remain-
[4625.
NOTICE TO CONSIGNEES.
OCEAN STEAM SHIP CO, LTD,
AND
CHINA MUTUAL STEAM NAVIGATION CO, LTD.
NONSIGNEES per Cols Vessel
CONSIGNS AEREAS
From UNITED KINGDOM VIA SINGAPORE,
be
into
ing at 19 1/2, for both deliveries. are hereby notified that their Cargo Bilver advices
India will reported
discharged
Holt's bought and China sold The mar- What, Kowloos, where it will be at Consignees risk and subject to Terma ket was dull. In America the rated Conditions of Storage at Holt's
was unchanged at 44 3/4 for spot.
The London-New York cross rate was quoted at 5.02 5/8 and the New York-London rate was quoted at 5.02 31/32.
Blocki
Last Sale" Aug. 35 17
Lust Sale
Stocks
Aug. 15 17
Adams Express...
132 131
Amer. Can
120
1193
G. Western Sugar Humble Ol.....
38
36
67 561
Amer. Cyanamid 'B'
35+
B0%
777
Am. & For. Power
71*
"7
Int. Nicker· ...........
531
52
Am. & For. F. $7 pf
35 *
35
Int. Tel.
Tel.
121
131
Am. Light & Trac.
301
291
Kennecott
481
Amer. Locomotive...
221
221
Loew's Inc.
Amer. Radiator......
277
274
Lorillard
221
287
Amer. Rolling Mill...
861
36
McKesson & Rob-
Amer. Smelting
57*
561
bing Inc.
431
421"
Am Bugar Retining 173
1731
Monsanto Chemical
99
100
Amer. Tel & Tel. 1011
1021
Montgomery Ward... 451
Amer. Tobacco 'B'... 251
25
Nat, City B........... 431"
447 437.
Amer. Waterworks... 401
391
Nat Dairy Prods.
20
Anaconda Copper
831
821
Nat Distillers
281
253 201
Atchison. T. & S. Fe.
28
274
Nat. Power & Light 12
12
Atlas Corpn.
141
144
New York Central... 401
401
Auburn
.........
304
303
North American
DISTA
33
321
Baltimore & Ohio...
221
218
Northern Pacific....
261
257
Bethlehem Steel
007
59%
Pacific Gas & Elec.
39
393
Boeing Airplane Co. Borden Co.
28
28
Pacific Lighting
561 56
311
301
Packard Motoi
104
101
Bryn
- Manhattan
Paramount
Picture
Trans Corpn. .....
51
"521
Incor.
71
72
BLlyn - Manhattan
Pennsylvania R. P. 37
377
-$6 cum. pf.
Buyers
1591 Canadian Pac. Rly. 117“ 117 H. B. JOSEPH & CO.
Chase Nat. BE....... 431* 481* Tuesday, Aug. 18. Chesapeake Corpn. 84 851 Messrs. H. B. Joseph & Co."re-Chesapeake & Ohio 67 678
the following quotations [Chrysler
114 1128 Cur-Columbia Glas & E. 211 201
C. G. & E. 6% 'A' pr. 106 105 ⚫ Commercial Credit 711
Case, J. I.
102 104 133
Phillips Petroleum 421
421
Pure Oil Co........................ Pub. Service of NJ. 18 Radio Corp you 11" Radio Corpn [rg"
487
476
177 102
$5 of Reynolds Tob ‘B'......
98 * 56
Schenley
431
98. 551 441
Schenley 51% pf...... 984*
99
72
Sears Roebuck...... 821
811
264 down i
Comi. Solvents
161
10
Socooy-VacuuUT
141
141
264 down i 27 down 27 down i
Comm. & Southern
8thrn. Cal. Edison 31
311
(ord.).
31
36
8thra, Pacific
401
393
Comm, & Southern
Stand, Brands
151
151
ford., $6 cum pí. Consolid. Gas of N.X. Consoltà. O ....... 124 Continental Oil.....
72** 42j
#212
Stand. Gas Y Elec
Ti
71
417
Stand. Ol of "N.....
631
623
121
Sterling Prods.....
721
31
301
Swift International
334 33
| Corn. « Products ......
681 851
Technicolor
283
29
RATES
Curtiss Wright 'A'...
81
€1
Texas Gulf Bulphur 37
37
Curtiss Wright (0)
184
183
| Transamerica
131
131
Delaware & Hudson
443)
44
20th Cent. Für Film..
Tuesday, Aug. 18. The following are to-day's open- gremg
Distillers Corpn. Sea-
comm.
261
201
234
24
20th Cent. Fox Fum.
70%
693
38
361
157
Un. Carbide & Car-
Names
141
boz
074
981
Pa FA
Antamoks Atoki Bagulo Gold Benguet Con.
3.35
Elec. Bond & Share 234 3.35 Elec. Bond- & Shar
22
Un. Paclic
141
1384
Un. Aircraft - (New)
25}
241
61
00
$5 pf.
71 72
34
321 Elec. Bond & Share ".
Un Airline Trans... 18) Un, Corpn.
131
8
71
.15.25
15.25
$6 p........
83+
83
Un, Corpn. #3 cum,
Benguet Explor..
20
Elec. Power & Light
151
15
pi.
48 473
Big Wedge
40
40
Platicote Ca.
331
Improve-
„Demonstrations
1.05
1.00 Gen. Cigar
65**
553
ment
1.90
1.85
Gen. Electric
461
Masbate
66
44
Gen, "oods
384 381
UA. Rubber.....
Northern Mines
331
Gen. Motors
66 851
U. 8. Stee!
181 18
351 29 291 67 66
||
Paracale crumaus
30:
72
Gen. Rly, Bignal
461 '44+
Vanadium
LX.L
1.30
1.90
Gold Dust
121
121
San Muricio
2:00
1.95
231
227
Warner Bros. Picts. 12# Westinghous Elec. 140
1.24
1381
Suyoca
47
* 455 : Cloodyear Tire & R.
224
2017
Call Manesaran 1%
United Paracale
1,65
1.55
[G. Wthern Rły, pf.
(41§°
401
14
Market
Steady, Easter
iter div.
↑ posible mudlaş
Spot
September Oct.-Dec. Jan.-March Market:Easler,
Reports from Mr. Scarte are to ceived the effect that a highly favourable from Singapore in Strafts market for the company's product rency for Raw Rubber. exists in the United States. New uses for chromite are being de The company plans to use the veloped regularly, and it is general- P1,200,000 which will thus be raisedly felt that the present known re- chiefly to finance the development serves of high grade ore will be of the gold-bearing property known exhausted in from five to ten years. as Tumbaga, in the Paracale dis- trict, and the purchase and con- struction of a mill when and if this is warranted. It also will be used towards the completion of develop-not less than $6 per ton, and that ment- work on other projects on which Consolidated Mines is work ing.
-OFFERS REJECTED
Mr. Scarfe estimates that the chrome will yield a net profit of i
the operation should result in a net income of more than a million dollars yearly within two years. with unlimited future possibilities.
PHILIPPINE MINING
Mr. Flood, chairman of the boarding and closing quotations on the Douglas Aircraft... of directors, calls attention to the Manila Stock. fact that Mr. Whitney had received
In order that shareholders, who might not be able to purchase their allotment of the new issue may proft, the company has arranged to issue warrants to each share several attractive offers from New holder representing subscription York financial interests for pur- rights; these warrants may be sold.chases of large blocks of treasury Notice of the proposition was stock of the company. All such the shareholders re-offers were refused, according to mailed to cently. Since the date of sending Mr. Flood, as being opposed to the out the warrants will be August 22 best interests of the company and those who have purchased stock its stockholders. but who had it transferred will have ample time to do this.
of the property to American: In- Courtney Whitney, R. P. Flood, terests have likewise been rejected, Victoriano Ellcano, and, G. O. because it is felt that the prospects Scarfe, all officials of the company,¦ of profit to the stockholders far 'will pay in cash P500,000 in pay-out-weigh any possible quick profit ment of their allotments of the which might be derived from an -new issue, the Manila office of Con- | outright sale under present con-
solidated: Mines" told the Bulletin,ditions,
Proposals for the outright sale
Itogons
Du Pont de Nemours 158 Opening Closing Electric Boat ......... 14
Goodrich Tyre Co...
401 U. 8. Indus Aleohol 352
PIE
MARKET
Steady but very dull.
STERLING
No business was reported. There were sellers at 1/2 7/8 for August December and buyers at 1/2 29/32 for any delivery,
U.S. DOLLARS
A small business was reported at 31 3/16 for cash. The market closed at 1 p.m. with sellers at 31 3/18 for cash and 31 1/8 for Au- gust-November, buyers at 31 1/4 for cash and 31 3/16 for Septem- ber-November,
SHANGHAI DOLLARS Quiet Sellers at 1/3 5/18 and buyers at 103 3/8 for cash, '
SHANGHAI MARKET
There were sellers of Sterling at 1/2 3/8 and US. Dollars at 30 1/8 for cash.
IN THE AFTERNOON
What. The Cargo will be ready for Delivery from Gedown on and after 14th Aug.
Optional Carge will not be landed here unless Notics has been given prior to Steamer's arrival, but carried on from port to port to the final port of call to which the option extenda.
All broken, chated and damaged Goods
be left.
the Godowns, where to
they will be examined on any Tuesdayı and Fridays between the hours of 10:45 1.m. and Noox within the Free
Storage period
No Claims will be admitted after the
Goods have left the Bleamer's Godown, and "all Goods remaining undelivered after the 22nd Ang, will be subject to Beat
All Claims against the Steamer must, be presented to the Undersigned on or before the 5th Sept, 1986, or they will not be recognised.
No Fire Insurance will be effected BUTTERFIELD & SWIRE
15th Aug., 1986,
£4821
REICHSMARK RATES
The market was quiet in the Hong Kong Dally Press” Special) afternoon.
IN STERLING
No business was reported finish
ing with sellers at 1/27/8 for near and forward. buyers at 1/2 29/32 232 23+ for delivery.
U.S. DOLLARS
The market closed with seller
Berlin, Aug. 17. The Reichsmark was quoted, (without guaranten) atim qu
New York PRENES 40.23
810.5
Amsterdam.......................... 100.23 London 125 Park" goated the Pound Sterling
1% at 31 1/8 for August November. | at 7631 to 1834 and the UBA, Dol-
buyers at 31-1/4 for cash and 3
3/18 for September-November,
ar at 15.185 to 15.1875 Transocean News Fereso.