Boeing Airplane Co.
PAGE 12—HONGKONG DAILY PRESS
Finance and Commerce
P. I. MINING. INDUSTRY
Interesting 1939 .. Year Book
Those seeking any form of in- formation relating to mining in the Philippine Islands can do na better than consult the Philippine Mining Year Book, the official publication of the Chamber of Mines of the Philippine Islands, the 1938 issue of which has just reached this office. In fact, the mining industry of the Philippines
Illustrated
61
ANOTHER GOOD PAOCHI-CHENGTU
YEAR AHEAD
Philippine Mining Industry Prospects
The Philippins Mining Indus- try is headed for another re- cord-breaking year, according to Mr. J. IL Marsman, head of the extensive Marsman m'ning in arrived Interests, who. Hongkong in the President conte Coolidge yesterday, en
to San Francisco.
기
"Gold production in the Philip- over 70,000,000
and well cutite stated.
HIGHWAY
CHUNGKING, Apr. 10 (Central) -A Central News correspondent Shansi to who travelled from
sechwan found the 700-kilometre
Paochl-Chenstu
highway,
the
overland load linking the North-
western and Southwestern pro- vinces, excellently paved" and bridged. He covered the distance by motor car in five days.
Construction of the road was started in 1937 and completed in two years. The bridges along the road are strong enough to sup- port heavy trucks with a loaning capacity of seven or more tons.
BOMBAY SILVER N
Silver Duty Rate:
The Central Bank of China's
The Equalisation rate was 5 per
excellently served by this pine will be well publication. Attractively got-ap. pesos this year," the mining exe- while dividends profusely edited, the 1939 Year Book contains paid to shareholders in Philip- a wealth of Information on mining pine mining enterprises will be rate on London at 10 am, to-day the amount was 1/2-1/2d unchanged from In these Islands, comprehensive in considerably above
A number of new yesterday... detall and interesting in reports paid last year.
operations have gone into produc- and articles.
tion during the first quarter of cent.
the older
added Belgian Consul-General." who have 1939, while many of
tow managing director of Marsman mining properties
China, Ltd., And accom- Hongkong substantially to their output."
Mr. Margman, who is
left Hongkong Jast Danied by his family, is en route who, with Mrs. De Ves and their to the United States on business daughter, He will spend some time in Call week in the President Coolidge his for Manila; Mr. George C. Dank- fornia in connexion with various projects after which he werth, Mr. J. O. Enberg, and. Major continent A. Beckerleg. vice-presidents of will proceed across the
Marsman & Co., Inc. Mr. De Vos Marsman and his family left the are Mr. Robert De Vos, retired at Hongkong.
An article on the Chamber of Mines of the Philippines deserved. ly pays tribute to the "Biz Three" in the Philippine mining world Messrs. Andres Soriano, John W. Haussermann and Jan H. Mazeman -and goes on to emphasize how the institution, under the guidance of these three mining personalities, is serving the industry.
The phenomenal growth of the industry during the last five years the is interestingly revealed in next article, which speaks brightly of its future in relation to the Commonwealth. "Modern mining in the Philippines," says an intro- ductory note, "owes its existence to the creation of a vast pool of speculative money within the sugar to wars in China and industry. Spain, and to the initiative and
to New York and Europe.
Travelling with Mr.
"
steamer
NEW YORK STOCK EXCHANGE
STOCKS
determination of a small group of Adams Express businessmen, headed by an Ameri-Alleghany Steel Co. ran lawyer, a Dutch sugar chemist | AMed Stores and a Spanish industrialist.”
Allis Chalmers
description of the Baguio Amerada Corps.or
District the backbone of the Philippine Mining Industry--is ex- haustively dealt with and intensely interesting. the photographs in explanation adding to the useful- ness of the article.
QUOTATION
Amer. Can.... Amer. & Foreign Power Ameri & Foreign $7 p... 13 American Gas & Elec. Amer. Locomotive ...... Amer, Metals Co. Amer. Radiator
Thereafter, the Year Book goes amer. Rolling Mill on to give particulars of the Amer. E'ting and Ring Co. various mining intereste operating Amer, dugar: Ring In the islands, but this by no means "Amer. Tel. & Tel. concludes the splendid reading Amer. Tobacco "B" matter which the 1939 issue con- Amer. Waterworks tains and which places It on a Anaconda Copper
similar Atchison, T. & 8, Fe. par with the best of publications in the world's mining Auburn Motors ... Baltimore & Ohlo sphere.
Barber Asphalt Ce Barnsdall Of ..... Bendix Aviation Bethlehem Steel
Priced at only one peso, or one dullar (US) outside the Philip pines, the 1939 Year Book should prove invaluable to those interested in the industry.
STOCK KICHANGE
Bayers Ballura
Julen Mom THURSDAY: BİNG
APR.
- Bugere | Salburu.
Badal' | Monsinm"
Banks
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS, ASSOCIATION
#80
$720 $400
499!
11598.H.K. Banks .......................
£33
Do. (Cal. Reg.), *** fo. (Lon. Bag.)
Chartered Banks
997 Mercantile Bks. "A" £13 Marcantile. Bkz "0" Bank of East Asia ...
N. C. & 8. Backs
Insurances
Canton Insurances ....
Thou
$220
Union InPRIDA
| Underwriters
***
ཧུསཱབྷན་སཱལཾ $480
$173 1ЯE. Firms
184
Shipping
568
Douglasen
313
Steamboats
#11
800
Indo-Chines
{Prof.)
#24
92/8
Shalla
39
indo-Chinas (Def.).......
Waterboata
::
$233
lazzina- =
#
TUESDAY, APRIL 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEWTM
(FROM PAYNE & CO.)
"
$40
$50
$90
K9/8
Docks, Wharves,
Godowns, etc.
SPOT
$3108
H.K. & K. Wharren "
+ion
JULY-SEPT.""
36
Providenta
$4.80
OCT.-DEC.
{Providents (new)
$16
|H.E, & W. Docks... #18)
Do. (DOW)
$101) Shanghai Docks S....
8101
38.70 Now Engineerings 8.
Mining
17/8 Kain
17 6
$8
Raubs
13
23
Venezuala Gold. Fida
4 eta Hong Kong Mine
Lands, Hotels.and
Buildings
151
H.K. Hotel
#34
H.K. Landa.
....B. $33
$104 Do. 4% Debentures
Shanghal. Landa 8.
84.4 8.K. Rosition 68.66 Humphreys ....... #lut Chiuse Estates
Colton Mills
$9.80 Ewo (S.)
05 B'bal Cottons (8.) $30 Zoong Singa (8.)
Wing On Textiles (8.) Public Utilities
##
New York, April §.
SINGAPORE RUBBER
April
+
buyers
sellers
April B buyers sellers
change
27-7/8
28-1/8
27-1/4 27-1/2 of 5/8
29
28-1/4
27-1/2. 27-3/4 of 1/2
28
28-1/4
27-1/2 '27-3/4 off 1/2 :
88.45/70
$104
#
$2
SPOT
$19.80 1:07
JULY-SEPT. OCT.-DEC. $48 JAN.-MARCH
.8
The market opened 3/8 of a cent lower for all deliveries as compared with Tuesday's closing rates.
Quiet and dull conditions prevailed throughout the day thus re- sponding to advices received from London and New York. The easi-. ness on the London and New York stock-markets coupled with a re- newal of European political uncertainties was a depressing factor and caused dealers and speculators to adopt a" hesitant attitude. Also the belief, that the peak of American consumption has passed and that the outlook now is less promising, exercised a restraining in- quence on the market.
Closing tone was quiet.
LONDON. KUBBER
Previous close buyers sellers 7-15/16 8
To-day's close buyers seliers 7-15/18 8 8-1/16 4-1/r
change
unch..
8-1/B
8-1/8 8-3/18 8-1/8
81/8 · 8-1/16
xD 1/18 unch.
6-1/4
8-1/8 2-1/4
Market steady but idle.
8161
21.35
Tramways
$101
13.
**
Foak Trains (old)...
$4
Peak Trama (new)
24
APRIL 9, 1939
374 Star Ferrise
$245
·Y'mati Ferries (0)
$35
Last Bale
STOCKS
Apr. 8
6.
Int. Nickel
Last Sale Apr. 8
441
814
Do. (4)
324
28.30 $31
6.35
China Lights (
$8.30
hina Light (New).
35.40)
China Lights Best
144
Int. Tel. & Tel.
H.K. Electric
61
Johns Manville
651
8581
$581
im
Macao Elctric
28
J. & Laughlin Steel $7 pfd. 35
B1*
Handakan Lights .....
51
Kennecott Copper
281
Telephones (old) ......
3221
*
84
Libbey-Owens-Ford Glass 37
Telephones inW).....
$7.10
2
Lockheed Aircraft
242
220
22 6
Loew's Inc...
36
Tractions
Tractions [pred.)
Industrials
**/
315
Martin, Glen L
311
Caid., Macg. (Ord.) 8.
147
Monsanto Chemical
875
Cald., Macg (Fref.) S..
281
Montgomery Ward
424
11
Canton Ice
$1,30
101
at. Dairy Products
131
#13 Comenta
$13
123
Nat. Distillers ..
241
13:30
Ropes *******
$id
miscellaneous
36%
National Gypsum
101
171
National Load
187
#211
Uney Farms b. lith.
391.6.
$15
Dairy Farm Kts.
$151
150.
Nat. Power & Light
63
$6.40
[Ch. E'taṛmmenta ...
$40
76-
National Steel Corp.
60
#12
Constructions (old)
011.
NEW YORK COTTON
The market once more opened very quiet, with price ductuations extremely narrow, Later, trading was fairly active and "values" ad- vanced on an improvement in Wall Street. There was some fresh aided the market.
·buying and offers were scarce, which further There is still no defnite news from Washington regarding the Ad- ministration's crop programime. At the close, the undertone was fium, with prices reaching the highs for the session.
NEW YORK RUBBER
Early in the day, prices staged a fairly substantial advance on a quiet market. This was in sympathy with the better tone on Wall Street. The steadiness of the London market was also a helpful fac- tor. Prices continued to advance until the closing,
CHICAGO WHEAT
Prices declined on liquidation and lack of interest. Reports of beneficial rains and a lessening of the European tension were ad-„ verse factors.
ik
81
Nat Supply Corpn.
Constructions
81
211
New York Central
38
Lane Crawforda
12
1-
242
Niagara Hudson Power
Nanyang Tobacco
--
-Я
84
B
$1.40 Sincares
$1,80
23
N. American Aviation
14
Watsona
#8
Dow Jones Industrial Averages
Previous To-day'a
close
129.80
close Change
130:34
11p 54
44
North American Co.
197
60,
107
Northern Paclic
71
13:
Pacific Gas & Elec,
281
171
Pacine Lighting
41
52!
Packard Motors
.31
201
Paramount Pictures
7
Borg-Warner.
20
Pennsylvania R.R.
:འབྲ་:::
4pm
Ch. 0.5% 19250 $8ds. ELE. Govt, 4% Loans H.K. Gort, 31% Load
140
08.
1.pm
#10 + $1.0
842
HK. Wing On....
S'hat Wing On
30
Vibro Filing
13 3
Maramans liv. (Lon)
16
Ju
Marsmans Inv. (H.K.)
Wm. Powalle
Biggs M'facturing
171
Phelps-Dodge
281
10 cl.
Brooklyn-M'hattan
Trans.
7+
Phillips Petroleum
to Shangha
321
considered
CHINA CURRENCY
STABILISATION BILLCase, J.
The China (Currency Stabili- Chesapeake & Ohlo
in Chrysler Corpn.
sation) Bu, . was epmmittee, in the Home of Com-Columbia Gas & El.
Indns.
Mr. PETHICK-LAWRENCE (800), Edinburgh, E) moved an amend Commonwealth & §. (ord.) ment that the rate of Interest Cwealth & 8. 6% cum pi.
guaranteed by the Treasury, should
not exceed 27 per cent
BL JOHN SIMON said he was Continental Oil
assured that never had the Trea- Corn Products).
sury been tied down in the man- Curtiss Wright (C.)... ner suggested by this amendment. Curtiss Wright "A" They were not being careless, for Deere & Co. ́ ́.
aDistillers Corpn. Seagrams the Treasury would not pay farthing more than was necessary. Douglas Aircraft
interest. Pont de Nemours should the rate of through changed circumstances. Eagle Picher Lend
be altered.
Eaton Mfg. Co. have to
He had no reason to suppose Elec. Autolite that, we should be involved in Elet. Bond & Share
B'klyn-M'hatton $ë cum pt.
27
Public Service of NJ.
911
Canadian Pacific R'way.
31
Pullman Inc.
234
68k
Pure Of .......
71
LONDON
Celanese
14
Radio Corpn. of Am.
51
231
Republic Steel
13
561
Reynold Tobac. “B”
STOCK ́ EXCHANGE
(RELTER'S SERVICE)
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Frits and 8. E. Levy & Company)
New York, April 8.
Pray. To-day's
Low Close Close Change
High
36
5
Richfeld Of
London, April 8....
New York Cotton, July
7.80 closed
61
Columbia 6% "A" pi. Commersial
80
Safeway Stores
29
301
Schenley Distiligen
12
The following quotations are the middle prices at the closs ef the market in London. All"quotations are subject to confirmation
It
Schenley, 51% DIG.
69
and no responsibility is assumed for errore in transmission.
50
Bears Roebuck.........
614
Consolidated Edison Consolidated Oil
Continental Can
271
Shell Union Oil ....
111
War Loan, 31% (Red.
7
Socony-Vacuum Oil
11
33}
Southern Pactic
11
221
Southern Rly 35 pfd.
17
after 1953) Canton-Kloon Bly. 5%
1888 (Bri. Issue)......
951
57),
Sperry
372
Chinese 41% Gold Loan 681
42
Standard Brands »
6
201
Stand Gas & Elec.
21
161
Standard Oll of California.
28
16
Standard Oil of NJ.
43
501
Stone & Webster
31
Chinese 5% Gold Bonds,
1925-47
............65
Chin. 41% Angio-French
Loun, 1908
Chinase 5% Crisp Loan,
"st
1291
Swift International
28
1912
71
Technicolor
151
Chinese 5% Rearg. Loan,
171
Texas Corpn.
35
1913 (Ldn. 1)
241
Texes Gulf Sulphur
27
.61
Trans-America Co.
5+
any payment, a no
the world made a greater effort Elec. Bond & Share $6 pf. to deserve the reputation of be-Elec. Power & Light $7 pt. ing an hquest bargainer than Flintkote
country Elec. Bond & Share $5 pf.
20th Cent, Fox
171.
601
20th Cent. Fox. $1j pf.
29
321
Union Carbide & Carbon
65h.
182
Union Facile .......
22.*
40
321
United Corph.
iGen. Motor
-
371
Gen. Railway Signal
14
United Gas Corpn.
"CASE_OF CZECHS
lolidden Co. ....
15
third Goodrich (B.F.)
141
UB. Rubber
54
US., Rubber $8 pid,
24
US Steel
124
Vanadium
167
Warner Bros. Pict.
241
Westinghouse; ziec.
15||
Woodward Iron Cor...
9
624
National City Bank:
∙174
:
481
*—bid.
t-ex dly,
1939
China.
The amendment Was
Food Machinery Corp. defeated Gen. American Tranz......
by 72 to 33, and the Committee Gen. Electric
stage was concluded.
On the motion for the
reading.
Goodrich $5 pl. Goodyear Tire & Co.,
MY, BELLENGER (Soc., Basset Great Northern Iron Ore
to law), speaking with reference
Great Northern Rly, pid.
China turning obligations, call-Great Western Sugar ed attention to what had happen Greyhound Corpn. ed in the case of Czechoslovakia. Hecker Products ......... who would probably have to re-Homestake Mining pudiate all her loans,
in
Industrial Rayon
Bir JOHN SIMON replied that International Harvester the remark, be made about China meeting her obligations WAS respect of the guarantee of the payment of interest. Whether or not we should be called upon on the main summust necessarily be determined according to whe ther the fund did or did not suc- ceed in maining Chinese currency The effort was well worth making
DOW JONES AVERAGE
High" Low Dow Jones Averages, Apr. 6.
15LAS 188.3520 Endlustriale:
24.33 95.7630 Ralle, F 14.59 21.57 80 Etilities. -99.32 88,16:40 Ronds
Apr. 9, 1932,
High Low Close Chanum 190.38 19451 181:01-191.44 LAS DIE *25.76 497 31.882414 1.69 off 31.67. 91.23 20.54217184 off 88.15 87,40 74 off
Businew Dane1,040,000 shares
49,12 45.59-11 Commodity Index 47.09-03
Shai-Ning Fly. 5%..... Tientsin-Pukow Rly. 5%
(Brit. 8tpd.)
Tientsin-Pukow Rly. 5%.
(German Stpd.) Mentsin-Pukow Rly 5%
(Brit. Stpi Bupl Loan); 17 Tientain-Pikow Rly, 6%
"Ger. Stpd, Supt Loan) 17' Jap. 5% Bler Loan, 1907 371 Jap. 6% Bter. Loan, 1924 431 Ger. 7% Int Loan, 1924 347 Chartered Bank
H.K, & Sha Baik (Lin
HK. & Bhát Bank (Col
Beg.) ikäerz Chinese Eng & Mining
(beater) 200 Chosen Corporation Pekin Bynd
Pressed Steel, com.
Vickers, ord,
251
United Aircraft ....................
341
Chinese 5% 8ter. Notes:
-1925 (Vickers)
Chin, Imperial Rly. 5%
Loan
Honan Rly. 5%-
22
Hukuang Rly. 5%, 1911... 221 Hukuang Rly. 5%, 1911
United Airlines Trans,
81
(Cerman Issue).
21
Lung Tsing & D. Hai Rly.
United Corpn. $3 cum D
301
5%
12
United Gas Improvement
11
329
* ** * * * 2 2 pað 7 58 5
New York Rubber, May New York Hides, June Chicago Wheat, May Corn. May Wnnipeg - Wheat, May
Chicago £ 301*
Union Insurance Gula Kalampong Rubber 17/61.
18.12 closed
10.30 closed
ᏫᎭ . 681 88
801 11 up
481
471
+47
614
601 60
43 + up 614 11 up
191
Allled Ironfounders ....... 18/6 Asso. & Elec. Industries 30/3
31/10 Austin Motors, ord. ... Cable & Wireless, New
Form, ord.
NEW YORK COTTON
Close Opening
Closing
Change
43
May July
7.98/98
7.80/80
Bird. Tob. (bearer)
95/7
October
7.51/51
Cammell Laird, ord...
December
7.45/45
Mexican Eagle
6/9
January
7.45. N
| Courtaulds
24/7
March
7,51 N
Distillers
90
Spot
8.73 N
511
Dunlop Rubber
25/101
NEW YORK ZUBBER
| Gen. Electric (England) 77/3/4/
Guinness (A), Son & Co. · 101
Hawker Siddeley Airc........ 29/101 Bristol Aeroplane. 21/43) imperial Chemical Ind 28/31 Imperial Tobacco.
May September December March
18.10/12
15.10/11
CLOSED
18.10/12
18,12 N
#130/71
201
Marks & Sp'cer "A" ord. 57/75 Rolls Royce
CHICAGO WHEAT
105
Leyland Motors Tate & Lyle
May
671/88
681/681
"691/69).
87/8
July
87/071
673/671
881/681
קט
59/6
Turner & Newall
September
612/871
69/004
73/8
United Steel
23/6
Thursday's Sales
,000 bushels,
Smethwick Drop Forg........ 15/0:
CHICAGO CORN
687
Armstrong Stevens, ord. 7/6.
451
161
41
Woolworths
84
Anglo-Dutch
151
Chase National Bank
283*
214*
18/44
May 21/34 July 50/6 mar 24/8 Rub Plant. Invest. Trust 26/31 Burma Corporation 8/3 Commonwealth Mining. 1/17 Maraman Investments... 13/3: Randfontein Estates Western Holdings Sub-Nigel
472/471
September
·471/477 494/492 437/487 492/493 504/504 WINNIPEG WHEAT
48/48
/472/498.
50%/50%
BER
May *July
60/60
001/003
01/01)
601/60%
614/813
621/621
14/ up
October
∙61+/61+
៩៩៖
35/3
8/9
EW YORK HIDES; (New Contracts)
218/9
June
10.25/30
CLOSED
18
Tanami Gold Mining. Anglo-Iranian Burman
B3/11
September
10.60/73
79/41
NY, Silver, Oficial
42-3/420
NY-London Cross Rate 168-178
unquoted 468-1/8
Shell Trans
Trad
81/201
NEW YORK-STRAITS TIN
48.10 N
CLOSED