.12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers"
N. C. & S. Barke... Insurances
Association
81.430
·LUB. £12)
ayaivallu
Balan |Homina
WEDNESDAY. DEC, 22.
Нареги
The Ware
Galen omiNA
Banka
$1445/50
H.K. Banks *********
280
Da. (London)
C12
Chartered Banks....
£324
Mercantile Bks. "À”
Do.
"0"
£32
£15
180
Bank of East Asia...
180
39
12731 1510
Canton LisaD11004. Union Insuranod ...
$970 $815
414
Underwriters......
1240
H.K. Fires.....................
$940
International Asson, J.
---
Shipplag
Douglason ..... `$484
$8.20
151 143
$51
$43
100/-
Shella
19.30
Watorius
100/- 19.30
Mining
17/3d
Kailans
$17/6
18.00
$6
15
Venezuela Gold Flaw
"Hongkong Minos".
Ducks. Wharvon,
Gndowna, ste.
*481
13 cts
25 ta,
::
#:13
Steambts .........18.20
Indo-Chinas (pref.)
Do. (det.)
(new)
124
H.K. & K. Wharve
Providents (ohl) $1.85
Do.
H.K. & W. Docks
Shangaai Docks S.
15:0
Now Engineerings Di
Lands, Hotels, and
$185
34
1
135 ota 1971
$100
$3
Bul dings
H.K. Hotels
5
31
H.K Lands........
$31
100
Do. 4% Debentures
4103
Metropolitan Banis..
Shanghai Lands S
H.K, Jiny
84.70
Do. PelamLaFORD-
Humphreys ***
$8,40
Chines Estate
Cotton Milla
$123
Ewcs
160
Exdiv "+6
9.80 Ex.div Ex.rts
:::
$1.00
$1,80
:
:
:
Paris
«Genera
Berlin
athens
Milan
China Du......
S'ha Cuttouafeld)
Dum
(now
Zoong Sings..............
Wing On Textiles(S.)
Tramway... $19.70 12.5
Ewo Cotton Rts. S
Public Uplist
$13
Peak Trams (old).....!
Do. (new)...
$80
Star Fueries re
Yaumati Ferries....
19
. Do"
(new) R:
$24
CD
$34 140
HONG KONG DAILY PRESS
THURSDAY, DECEMBER 23, 1937.
PHILIPPINE MINING
NEWS
COOPERATIVE MINES, INC.
that exploration and announces development work of its gold and chromite properties in Zambales which has been temporarily stop- ped due to unfavourable weather conditions has been resumed, it was learned from the offde of the company. The malor activities of the corporation will be sinking of shafts on the principal lodes of the firm especially on the Arkansas and Richmond claims.
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
The price for Ready Silver drop- ped 1/8 yesterday but the Forward rate was unchanged, the quota-
ed steady after the official fixing. with rates unchanged. American Silver was quoted at 44 3/4 for Spot.
CROSS- The London-New York rate was quoted at. 499.80. New York-Londen was quoted at 499- 13/16.
GEORGE W. HEZZELWOOD, 15- sistant chief engineer of H. A. Wendt and Company, left Manila yesterday for a combination vaca- tion-business trip to Australia, He will be gone from four to six tions being 18 7/8 and 18 9/18 res- pectively. Bliver advices reported months, during which he will en-
India as having sold and specula- gage in consultation work on a shaft-sinking project in Easterntors bought. The market remain- Australla near Lake George, about 40 miles from Sidney.
wil Mr. Hezzelwood's family stay in Bagulo during his absence, The chromite property is under and Mr. Hezzelwood will go to extensive prospecting and explora- | Australia later to return to Ma- tion work. Mr. de Jesus told the nila with her husband. He will re- sume his duties with the Wendt Bulletin that aronnd 200 tons of
chromite
Interests on his return. ore Bre high grade
Mining "NORTHERN
AGUSAN already extracted from the mines.
SAN JOSE MINING" Company is Development Company, Inc. has prospecting its property near Da- already shipped the machinery to gupan, Pangasinan, by means of separate gold from the sand to its pits, according to recent reports. Cabadbaran. Agusan placer prop- Severul small pits have been dug. erty, the management announced. but the main objective is a large The company has also signed a plt near the eastern boundary of contract with a Japanese firm for the property which has a diameter of 93 feet, and a depth of 57 feet. according to reports. Pumps "are heing used to keep the pit free of water, Assays so far vary from P.12 to P24.00 per yard.
Exploration and development of the property is under the director of Mining and Metallurgical En- gineers, for which Frederick Mc- Coy is the "consulting engineer. Machinery for this work has been ordered. It is reported, and is ex- pected to arrive by the first of 1938.
Directors of San Jose aré Ber- nabe "Aquino. president; Narciso Ramos, vice-president; Jorge de Castro, treasurer: "Amado Vicente and Jose Aonan.
61
i
3 10 ዜ
China Lights (old)... 19.75 $9.85 19 X div.
H.K. Electrics ............... Macro do.
Sundakan Lights ...
$4,60 #50
the sale of its iron ore in Montal- ban, Rizal.
In view of the contract with the Japanese firm, the corporation has decided to extend the Manila Railroad Une from the town of Montalban fo the mine alte, A distance of less than two kilome- ters. This is to reduce transporta- tion costs of shipping the iron ore to Manila
With the completion of these two projects, the firm will be on a producing stage. The application of the corporation for listing has already been approved by the securities and exchange commis- sion but due to the present slump in the stock market, it has not yet been placed on the board.
RAUB AUSTRALIAN
MINES
The report of the Raub Australian Gold Mining Co., Ltd. for the four weeks ending December 4, 1937 is as follows:-***
MINING-DEVELOPMENT
Shaft
Cross-
Winzing and
Bro}}
Section
5144
Bukit Koman
375
Telephones (old) ...
20
98
Slaking cutting Driving Rising Total
106 759 52-283
278
133
Derrick
Do. (new)
112
65
36
214
Anderson
China Bacon -*****
492
427
144 1,063
23/9
Tractiona
23/0
Raub,
71
162
55 295
23/+
Do. {pra£) .... ....
Bukit Jalis
58.
58
Industriala
$1,70
Canton Icon
7
1.148"
1.124
393 2,672
$1.70 $12,40 *3.40
"
1:3
109 cts.
19.40 Cements
3.80 Ropes 2.
$23
Miscellaneous
Dairy Farma
Ch. Etainmente.......
Constructions, (old)
Do. Lane Crawforde....
Nanyang Tobacco...
Sinceres ............ Watsons
8. C. Enterprises...
H.K. Gora, 4% Loans)
Do. 31%
Wallace Harper B.K Wing Ob
hal Do
Vibro Piting
Maramansi v (Lon.))
$7,
$1.60
k
764% CLG.5% 1925G. Bd.
pren.. 5%
pr m
73% $104 $10
340 354
តវីឌថ្មី: ដាំដី: ផ
340
21
(HK)
76 sta Wm. Powella
„Sni's to Shanghai
LONDON EXCHANGE RATES
Copenhagen
Stockholm
Shanghai New York
Amsterdam
(British Wireless Service)
៨ ។
Dec. 20
147-9/64
Dec. 21 147-9/64
21.601
21.001
12.404
12.401
95
95
4.99-13/16 8.98-15/16
5.00 8.99
Vienna
eragie
Madrid
Lisbon
Hong Kong
Bombay
Montreal
5.00
29.401
Brussels
Yokohama
Belgrade
'Monte Video
Rio
Bucharest
Biter (Forward)
Silver (Spot)
War Loan
Da Tanes: —
4.99-27/32 29.42
18-9/16 19 101-11/18
187
Closing Quotations
December 22, 1937.
Telegraphic Transter...
Bank Bills, on demand }1/21.
Credite. four months'
wight
̈C SHANGBAL':—--
170 ot.
18-9/16 31% 101-11/18
50
ON NEW YORK:—
Bank Bills, on demand 30 18/18 Credits, 60 days' aight 31 7/16 ON BATAVIA
On demand ON PARIN:
Bank Bills, on demand 9'0 Credits, month's sight 970 ON SAIGON :-.
On demand
1/36
On Demand
1041
❤ SINGAPOR
On demand
521
ON, MANILA
Do demand
On Jirizzi
On demand
1001
Os Banɑkox:-
On demand....
Vur Exoza':
Telegraphie Transfer.." Baak worden.andıram..
140)
SOVELLIGNS Bank Buying
Babe BARKILARA, DIE LEIB
1/3 1/32
Bukit Malacca
BUKIT KOMAN Main Shaft: To No. 10 Level completed and plat is now being
cut.
No. 7. Level: Advanced 36 reeb to 953 feet in low grade reef chan- nel.
At 835 feet South, 48 feet of crosscutting was carried out and at 935 feet South 37 feet of cross cut was driven in country rock.
No. 8. Level: Bouth drive ad- aced 5 feet to 250 feet South At 200 feet South 58 feet of cross- cutting was carried out, the East crosscut cutting a low grade reef, at 50 it. West. Thirty-eight feet of driving has been done on this reef which is low grade.
"
No. 9. Level:-Main East Cross- cut: Advanced 94 feet to 445 feet, the present "face having cut a ree: which corresponds to No. 2 reef at No. 8. Level.
Main South Drive: Advanced 25 feet to 250 feet North of main shaft in low grade reef.
of
At 530 and 630 feet South 54 feet crosscutting was done. The veritilation rise at 675 feet South was completed. i
No. 10. Level: Plat completed and main crosscut driven 40 feet.
DERRICK SECTION
No. 4. Level: Bouth drive at East) extended 30 feet to feet South in low grade reef:
No. 2. Level. Winzing in various parts of this level discloses the fact that payable values are per- sisting. The main crosscut has ad- vanced 10 feet to 234 feet and a South level was driven at 228 feet. West on the West reef.
North Drive: (40 feet Fast) ad- vanced 38 feet to 107 feet on reef Indicator, various occurrences in this drive need further investiga- tion.
cross
be in-
South Drive: (40 feet East) ad- vanced 41 feet to 116 feet on leef Indicator cutting various
of which will velas; one vestigated.
No. 3. Level: Main East cross- cut advanced 77 feet to 355 feet.
North drive! (55 feet East) ad- vanced 92 feet to 192 fest.
No. 4B. Shaft: This shaft" has been stripped and sunk to No. 1 (main) level.
No. 8 Shaft. (140 feet Level) an Intermediate drive at this level bas opened up a small shoot 25 feet long assaying 11.5 dwt: per ton.
No. 12 Shaft: Work is proceed- ing.
No. 19. Shaft: Sunk 36 feet to
94 feet. In the North drive the reef from 92 feet to 188 feet aver- ages 9.5 dwt over stops width.
No. 23, Shaft: Nothing of note has been uncovered in this section: (15A shaft (23 ) has been started 802 and sunt 15 feet in this section to
connect with stoping at No.
Aa
East cross at 700 feet South was Level. driven 28 fect in country rock.
-No. 26, Shaft: (75. t. Level)
No. 5. Level: South drive (115 North drive advanced 21 feet to feet East) extended 46 fect to 430
feet in reef channel.
North Drive: (92 feet Fast) ad- vanced 41 feet to 386 feet North, Between 383 feet and 375 feet the reef is payable. North drive (128 feet East) advanced 4 foot. to 29 feet.
di
ANDERSON SECTION
No. 6. Level: South drive ad- vanced 18 fect to 583 feet on reef channel
No. 7. Level: South drive (41 feet West) advanced 48 feet to 752 feet on low grade reet. Various crosscutting was carried out at this level
RAUB SECTION
Main. Shaft: No. 1. Level Work at this level has disclosed a pro- bable, extension of the old main stope.
Steady.
There
MARKET
STERLING
were sellers at 1/3. De- cember-January and 1/2 31/32 February, buyers at 1/3 1/32 Cash- February and 1/3 March.
USA DOLLARS There were sellers at 31 1/4 De- cember and 31 3/16 January- February, buyers at 31 5/16 Cash- and 31 1/4 February- January March.
SHANGHAI DOLLARS Some business was reported at 105 for Spot.
SHANGHAI MARKET There were sellers of Sterling at 1/2 3/16, buyers at 1/2 13/64 for Spot. US Dollars, sellers at 29 9/16, buyers at 29 19/32 for Spot.
H. K STOCK EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
The market continued nervous.
BUYERS"
Douglases, $481.
H.K. Steamboats, $8.20.
China Lts Exdiv. Ex.Rts., $9.80. HK. Electrics, $50. Entertainments, $5. Constructions (Old), $1. Constructions (New), $1.
SELLERS
Providents (New), 20 cts. China Lights Rights, $4.80. ELK. Mines, 13 eta. SALES
H.K. Bank, $1445/50. H. & S. Hotels, $5. HK. Mectrics, $501/ Constructions (Old), $11.
feet South. The reef has solidified but is still unpayable. At 100 feet South 63 feet of crosscutting, was carried out.
11
North drive: (75 feet East) ad- vanced 200 feet to 267 feet on low grade reef.
BANKS
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA
BANKING CORPORATION Authorised Capital ****** $60,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds:-
Storling
AE 8,500,000 Hong Kong Currency
Reserva qu
Reserve Liability of
Proprietors
AUSTRALIA AND CHINA Incorperated by Royal Charter 1959
HEAD OFFICE: LONDON: 38. Bishopsgate EC2
$10,000,000 Paid-up Capital ..........
Reserve Fund $20,000,000 || Reserve Liability of Pro-
prietors...
Chairman.
Head Office:--HONG KONG
Board of Directors. G. Miskia, Esq.
Hon. Mr. M. T. Johnson,
J. K. Bouefield, Esq., A. H. Compton, Beq.,
£3.000-8 £3.000.000
£1.000.000
MANCHESTER BRANCH: 71, Mosley Street, Manchester
AGENCIES AND BRANCHES: ALOE STABILOILO Deputy Chairman, | AMEITBAK”
BANGKOK
XLANG BATAVIA BOMBAY, CORE
8. H. Dodwell, Esq.,
J. R. Mason, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. J. J. Paterson,
T. E. Pearce, Esq.,
A. L. Shields, Esq.,
Sir Vandaleur M. Grayburn,
Chief Manager,
Branches:--
Iloilu Paiping
Amoy Bangkok
Ipob
Batavia
"Johore
Bambay
Kobe
Uslcutta
Kowloon
Cantón Chefoo
Colombo
Dairen Foochow
Kuala
Penang Rangoon Saigon
-San Fran
01500
Lampar Shanghai London Singapore Lyons
Malacca Manila Haiphong Hamburg Muar Hankow Harbin Hongkew
Sourabaya Sungei
Patani
Tientsin
(Johore) Tokyo Mukden Tsingtao
New York Yokohama
Current Accounts opened in
periods in Local Currency and Local Currency and Fixed Deposits
Sterling on terms which will be received for "one year or shorter
quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let Hong Kong, 12th May, 1937.
HONG KONG SAVINGS BANK
HE Business of the above
TBank is conducted by the & SHANGHAI HONG KONG BANKING CORPORATION. Rules may be obtained on application.
For the HONG KONG & SHAROBAI
BANKING CORPORATION,
V. M. GRAYBUEN,
Chief Manager.
IL
Hong Kong, 1st March, 1937.
BANK OF EAST ASIA,
· LIMITED.
Authorised Capital $10,000,000.00 Paid-up Capital ......... Reserve and Undivided
Proâte
BLIGON
IPOR SARACHI
SEMARANG
ACREMBAN
BHANGHAI
BINGAPORE
CALCUTTA CANTOM
KUALA
SITIAWAN
LUMPOR
BOURAMAXA
CAWNPORE
KUCHING
TAIPING
MADHAB
TIKETBEN
COLOMBO
MANILA
TONGKAN
DWLE!
MEDAN
HAIPHONG
NEW YORK
TELEGTAO
HAMBURG
PRIFING
HAKKOW
BARHIN
CIBU
(Bhuket)
TOKORAMA
(Peking) SIDAM GIA PERARO
HONG KONG KANGOON
FOREIGN EXCHANGE "and General Banking Business transacted.
CUBRENT ACCOUNTS opened and FIXED DEPOSITa received for One Fear or shorter periods at raber which will be quoted on applica tion.
The Bank's Head Office in Lon dou undertakes Executor & Trustee husiness, and claime recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches
B. W. ROBERTS,
Manager.
THE CHASE BANK
18, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE STEKET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Borviče in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHANE NATIONAL BANK, NE
Yonk, with Resources over U.S. 92,600,000,000.
D. M. BIGGAB,
Manager.
BANK OF CHINA
Specially Chartered by
5,598,000.00 THE NATIONAL GOVERNMENT
OF CHINA AB AN INTERNATIONAL EXCHANGE
2,776,796.76.
HEAD OFFICE:-HONG KONG No. 10, Des Voeux Road, Central.
Board of Directors :---- Bir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, raq Wong Chuson, Esq. Wong YunTong, Laq, Kan Ying Po. Esq. Chan Ching Shek, FungPing Wab
Esq.
Exq
Kan Tong Po, sq. Chief Massgor. Li Te Fong, Esq., Manager.
Branches and Agencisa ;--
Rangoon
siace
Bourabaya
Bwalow
Bydney
Talhoku
Tantal
Amay
Kowloos
funang
Becarin Bombay
London
Handla Balyou
Calcutta
Melbourne San Fran
Magi
Prospecting work was carried our in Bukit Malacca Section
Haiphong Badrow Honolulu Pariz Kobe
Xen York Sectio Osaka
Wang
Bhangha
Peiping
r! sgapore
South Drive: 175 feet East) ad-on vanced 19 feet to 136 ft. North.
MINING-ORE BREAKING.
Ore Mined Tons Section Sulphide Oxidised Ttl. Bukit Keman 2,060 353 Derrick
276 Anderson Raub Bukit Jalls Bukit Malacca
Tokyo Vannonvar
Tokohama
RANK
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 sod Exchange.
H
Head Office: SHANGHAI Hongkong Branch:
4, QUEEN'S ROAD, C
South China Offices:
CANTON
SWATOW
SHIUCHOW
KONGMOON
TOISHAN
KINGCHOW
4
Every description of Banking We also handle the issue of Bonds aud Exchange business transacted, and other Public Funds of the LORDS granted 00 approved Chinese Government both at Home securition.
in
Current Accounts opened in and Abroad 2,413 Local Currency and Fixed De 276 posita received for one year or Local and 269 shorter periods 1,403 Foreign Currencies on terms which
361 will be quoted on application.
Safe Deposit Boxes To Let
KAN TONG PO.
Chief Manager.
93 170
|
1,403
38
273
62
55
117
3.982 857 4,839
TREATMENT PLANT
Ore treated-tons, 4,918.
106 feet on stringers. The deve-Hours worked, $,020. lopment ore assaying 9.7 dwt per
ton....
No. 29 Shaft. (100 feet) North drive advanced 20 feet to 220 feet and South drive 31 feet to 51 feet in low grade material.
No. 30 Shaft: Bunk 18 feet to 97 feet and development started at 95 feet.".
No. 31. Shaft: (75 feet Level) crosscut driven. 31 feet to 88 feet cutting various low grade reets.
BUKIT JALIS Sinking completed and plat at No. 6. Level is now being cut.
No. 3. Level: North drive (50 feet East) extended 6 feet to 249 'feet on 12" reet,
From 210 to 240 the reef assayed 5.1 dwt. over 4 feet width.
Proportion of full time per cent,
95.9
Bullion produced ounces, 1,318.90. Residues to storage-dwt. per ton,
1.8.
Residues to discard-dwi. per ton,
0.7.
Concentrate produced tons, 31.3. Concentrate produced dwt. per ton,
7.4.
STAMP ERROR
SHOU J. CHEN
Καπαρτ
THE YOKOHAMA SPECIE BANK
LIMITED
Capital (fully paid up)
Yen 100,000,000 EP Beserve Fund... Yen 134,400,000.00
HRAD OFFICE:--YOKOHAMA
Bangoon Rio do
Janeiro Saa
Francisse Los Angeles Seattle Manila Semarang
Dairen Mojl
(Dalny) Nagasaki Fengtien Nagoya
(Mukden) New York Sydney
Shanghai Singapore Soerabaja
Hamburg Osaka
Harbin Bankow Hong KongPeiping
Tientsin
Otara
Tokyo
Paris
Tsingtao
Yinkow
BRANCHES AND. ÅGENOTES AT 2 Alexandria Honolulu " Philatelists all over the world Bangkok Hiking
Karachi Batavia Berlia
Kobe are searching for an error which
London Bombay occurs on the New Guinen 5d Coronation stamp. The effect is Calcutta noticeable particularly at the back Canton of the King's neck, and in the lettering at the top of the stamp: The New Guinea stamps were printed in sheets of 30 "and the Power House: Both alternators error occurs only once in a sheet, on stamp number 22" Not more are now running satisfactorily un-
than 2,000 copies of the variety der light load.
Treatment Plant: Most of the exist. as that is the number of sheets printed from plate 2A, the sections have been run under no load conditions and are mechani-unly plate on which the error was cally satisfactory.
CONSTRUCTION
Interest allowed on Current A
Fixed
Deposits received for made. Philatelists consider that it Periods st rates to be obtained cr is the finest example of double en-application,
Y. KANO.
Manag. Hong Kong, 11th Sept, 1937.
graving that has yet occurred on
Bullion
BULLION dispatched,
1,378.90
a stamp. The price of a speci-: men has already eached £4
No. 4 Level: South, drive (35 feet East) extended 14 feet to:133. ounces.