· HONGKONG DAILY PRESS
Finance and
and Commerce
RAUB AUSTRALIAN GOLD MINING CO., LTD.
"REPORT FOR FOUR WEEKS ENDING
12TH AUGUST, 1939.
The Raub Australian Gold Mining Co., Ltd. report for the for weeks ending on Aug. 12, is as follows:-
UNDERGROUND. DEVELOPMENT
Cross Winzing
SECTION
Driving Cutting and Rising Total
༔"‚』
Raub
310
179
#3
552
Anderson
54
54
B. Keman and Lilburne
212
166
95
473
Derrick
219
218
71
Prospecting Shafts
547
429
280
508 1,236
L
Total
1.288
902
543
2,823
Anderson
Lilburne ... Bukit Koman.
Derrick Jalls.
100 316 40 1,206 679
231 128
Shaft 583
Total
4.059
851
4.910
17
RAUB SECTION
RAUB SECTION
On No. 1 and No. 2 levels deve- lopment work disclosed nothing of
importance.
On No. 4 level the south drive Prospecting 250 feet south intersected two pay-
able stringers which are being in- vestigated by crosscutting.
On No. 5 level the main east crosscut followed a payable stringer for a length of 20 feet and has now almost reached the point where the favourable indicator may be ex- pected.
North and south drives along the western reef on No. 5 level have been continued.
On No. 8 level the cutting of the plat is proceeding satisfactorily..
ANDERSON SECTION
On No. 3 level a rise was com
Stoping was continued Nos. 1, 2, 3 and 4 levels on a satisfactory grade.
"Open Door" Closed In China
HALF-YEARLY TRADE RETURNS
SHANGHAI, Aug. 22 (Reuter)--- The extent to which the Door" in China has been against the United States, many and Great Britain by the Japanese Invasion and occupation of China's maritime provinces is shown by an analysis of returns Just issued by the Chinese Mari- time Customs covering the first half of 1939.
416 During the six months ended 40 June 30, 1939, Japanese" Imports 1,206 Into China, valued at £10,247,547, 010 constituted 31.6 per cent. of the 128 country's total imports. During the corresponding period last year,
583 Japan's share of the total was
above) cre of
above
BUKIT KOMAN SECTION
continued Stoping was Nos. 5, 8 and 8 levels and some development ore
was obtained from No. 3 and No. 10 levels.
DERRICK SECTION Stoptig was continued below No.
menced on the rich shoot and ad-4 level and above No. 5 and No. 6 vanced to a height of 42 feet along levels on good grade ore and de-
only 19.99 per cent.
American
China imports into during the first half of th's year. valued at £6,770,615. represented 15.48 per cent of the total, com- last 19.36 per cent. pared with year.
FINANCE
H. K. STOCK EXCHANGE
Following on the drop in both the London and New York stock markets there can be no cause for surprise that the local market as- Sumed 症
man" attitude. Buyers decided to await. further news before venturing into further
בניות
commitments
SALES
HK. Docks, $16.
Dairy Farma (0), $20.
PHILIPPINE GOLD MINING QUOTATIONS
I. X. L. Ipo Gold
-PHILIPPINE GOLD MINING
JAPANESE DUMPING GOODS IN NORTH HUNAN CHANGSHA, "Aug. 22′ (Central) Japanese are dumping The large quantities of their goods in Linbsiang. Yoyang. Tungcheng and other cities, in North Hunan, under their occupation, and pro- hibiting the sale of British and American goods.
L1
"Economic.. sabotage corps. recently organised by the Chinese, are doing their best to prevent the large-scale maltration of enemy goods. They have staged frequent; raids on Japanese transport units.
HONGKONG
SHAREBROKERS" :
ASSOCIATION
Volume of Business Transacted
WEDNESDAY, AUGUST 23, 1939, -PAGE IT
THE BEN LINE STEAMERS, LTD.
S.S. "BENMOHR"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on or about the 6th September, 1939. “
Cargo will also be accepted on through Bill' of Lading to the usual trànshipment parts.
For Freight and l'assage apply
NOW ON SALE
JULY
NUMBER OF
to the Agents:
W. R. LOXLEY & CO., (CHINA) LTD.
"Open
Atoks
closed
Antamoks
171 18
Gør-
Bagulo Gold.
18
Benguet Consolidated
10.10
Batong Buhay
012
Big Wedge
Coco Grove
20
Consolidated Mines
0015
on Tuesday, August 22, 1939.
Demonstration
08
IIK. Lands
200
$32 25
Tél. 34165
39
HK. Trams
50
15.60
15
HK, Lands
200
32.50
Itogons Mining
191
Benguet Consol.
700 Ps. 10.00
Manbulao Consolidated
05
Masbates Consolidated
091
Mindanao Motherlode
073
Mize Operation
12
North Camarines
18
Paracale Gummalis
15
San Mauricio
70
Surigao Consolidated
20
Suyoc Consolidated
121
Syndicate Investment
028
United Paracale
35
QUOTATIONS
171
13.
Bagulo Gold
18.
Batong Buhay
012
Benguet Consolidated
10.10
Big Wedge
191
Coco · Grove
20
Consolidated Mines
0015
Demonstration
083
39
16
19
Manbulao. Consolidated Masbates Consol. Masbates Censol,
05
094
093
12
18
Paracale Gummaus
15
San Mauricio
79
Surigao Consolidated
20
Suyoc Consolidated
121
Syndicate Investment United Paracale Mindanao Motherlode
028
35 072
Germany's imports, valued at £3.099,872, dropped to 7.09 per cent from 15.03 per cent.. while Great Britain's share, valued at £2.378.868, declined from 3.968 per cent. to 5.45 per cent.
Aluminium In
Atoks
Antumoks
I. X. L Ipo Gold
high grade reef. In the top of the velopment ore was also obtained The Electrical Itogons Mining
rise reef has been cut off by a fault.
BUKIT KOMAN SECTION
On No. 3 level the main south
from No. 5 and No. 6 levels.
PROSPECTING SHAFTS
The ore obtained from prospect-
Industry
drive was continued and has dis-ing shafts in various sections of Although it is some years since closed payable rect over a length the Mine was mainly from deve-aluminium found a place in the of 80 feet..
lopment work and was of a satis-electrical industry, the extent of factory grade.
On No. 5 level the west crosscht was advanced to 374 feet through country rock towards the western: reet.
SURFACE ORE
its application, especially in more recent years, is perhaps not fully of a appreciated. The results survey, which has recently been by the Aluminium
The grade of the surface ore On No. 10 level the winse at 535 treated during the period dropped conducted. leet south of Bukit Koman North; considerably and mining and treat- Information Bureau, Bush House. Shaft was advanced to a depth of ment of this class of ore has been Aldwych. 77 feet along payable reef.
The main north drive on No. 10 level was continued without dis- closing anything of importance.
DERRICK SECTION
London. W.02. are,
stoped pending further investiga-therefore, of interest.
on.
וי.
TREATMENT PLANT Battery
Ore tons crushed
4,910 8,978
95.3
On No. 5 level the north drive Stamp hours worked from the bottom of the 450 feet Proportion of full time winze was advanced to 77 feet along Bullion produced, ounces... 1,389.16 payable reef. At 650 feet south a Residue, discard, dwt/ton.. winze was commenced and sunk 33 Residue to Retreatment feet along good grade reef.
On No. 6 level a rise was com-
Plant, dwt/ton
RETREATMENT PLANT.
mericed to connect with the 450
JJ
ings....... reef. The rise at 200 feet south Tons treated, dümp tall- was advanced to 28 feet along good grade reef and north and south Tons drives commenced from the top of the rise.
fect winze from No. 5 level and ad- Tons treated, current tall- vanced to 38 feet along payable
3,666
ings
3.633
treated, old table concentrates
*
Total
7,306
MALACCA SECTION
De-watering of the, Malacca shaft Calcined concentrate treat-
ed, tons was commenced and the water level lowered to 48 feet below the collar Bullon recovered; ounces... of the shaft.
MINING
GOLD SHIPMENT
The following" tabulation shows Battery the ore mined and treated during Retreatment 'the period:-
Section
Raub
Under-
In
Mine Operation
North Camarines
NEW CONTRACTS One of the principal applica-
Messrs. John 1. Thornycroft and tions of this metal is, of course.
Company. Limited. Thornycroft for the construction of overhead transmission lines. In this connec- House, Smith-square, London, 8.W. 1. are supplying several small craft tion it may be mentioned that the British grid system utilises about for the new cable ship under con 25,000 miles of aluminium construction, at Newcastle-upon-Tyne, ductors, while their employment for H. M. Postmaster General. 1.08 for the same purpose" in France Messrs. Leyland Motors, Limited, and most other European Leyland, Lancashire. have received 2.33 countries, as well as in South an order from the London County America, is on a similar scale. Council or 11 Art engines for the The reasons for this widespread London Fire Brigade. They will be fitted with 8-cylinder engines and employment of aluminium
to 1,000 alloyed form are its low specific pumps delivering 800
gallons per minute. gravity and high electrical con- ductivity. In the case of high Messrs. J. Browett Lindley (1931), power currents, too. Its thermal Limited, Letchworth. Herts, have properties are also of importance. recently completed a large contract Finally, the thin oxide films for air compressors for Messrs. which form on the surface, either Machinoimport, U B. S. R. The naturally or due to electrolytic order comprised 23 machines, 10 treatment, render it chemically having a capacity of 4,000 ft, per 778.39 Inert and so greatly resistant to minate, and 13 a capacity of 2,100 cub. ft. per minute, when delivering "corrosion.
at a
120 lb. per pressure of square inch.
and Messrs. "Bastian
Allen, The thermal as well as the Limited, Bedford-square, London electrical properties of aluminiumw.c.1. are supplying a thermal storage plant, rated at 160 kW. the transmission of large currents together with domestic hot-water such as those carried by 'bus bars.
storage, for the heating and hot- Though the rate of temperature water supply at the large block of rise in an aluminium conductor isomice buildings constituting No. 1. the same as that in the equivalentet Swithin's-lane, London, E. C. copper conductor, the former has 4.
107
Bullion oz, Finé Gold oz. 1,389.16 1.322.19
!
778.29
2,167.45 1,950.80
Estimated Mine Working. Front. Ore Total (Subject to depreciation, etc.)
1,829 $54,000. 138
628.01
ground Surface
Qre 1,421
Large. Currents
it is claimed, make it suitable for
B larger surface, so that in normal circumstances it will radiate more
STOCK EXCHANGE | SINGAPORE STOCK heat and will, carrying the same
CAUTIOUS
Prices Generally.
"Marked. Down
LONDON, Aug. 22
(Reuter)
-On the Londen Stock Ex change, prices were generally marked down as 2
precau- tionary measure in view of the international situation. Selling pressure, however, was only small
& steadler
tone
the
close.
was
and visible
near
Increased Buying
મા
QUOTATIONS
MIDDLE PRICE
current, attain a lower tempera-
ture.
RESEARCH SCHOLARSHIP
Singapore, Aug, 18.
This property, together with the
aluminium Quotation of 12 leading Singa- fact that
from
A research scholarship of the stocks received by Messrs.the
of pore
view heating point Els and Edgar,
has a higher. overload capacity value of 250 per annum and than copper, accounts for the tenable, for two years has been large ase made of aluminium for founded by the Wrought Light- bus bars and for battery connec- Alloys Development Association to Amalgamated Malay Estate Ltd, tion. A further interesting applica- encourage and facilitate research $1.42 c.d." Kempas Ltd. 1771;tion of aluminium in the electrical in the application of light alloys ship construction. The Kuala Bidin Rubber Co., Ltd., 2,10; industry is its use for the "rotor to Pajam Ltd., 1.72); Sungel Bagan bars and end rings on squirrel- scholarship, will be administered Rubber Estates Ltd., $125; Tapah cage induction motors.. Rubber Estates Ltd., $1.52Į.
Rubber Shares
Tin Shares Petaling Tin Ltd, $6574; Sungei International political consi- Luas Tin Dredging Ltd., $1.373.
Industrials
derations were mainly responsible for increased buying of certain commodities, including wheat and cotton.
A rise by seven-sixteenth pence, to 17-9/184. in the price of
market sliver surprised the.
and
the only explanation offered was
by: a Committee of the Institution of Naval Architects, and it is hoped to make the first award in September, 1939.
under thirty be
years of
Finally, aluminium finds an ap plication in the construction of electrolytic condensers and of Candidates should preferably reflectors for lighting equipment. These reflectors are produced by an anodising process which can be arranged to give a tinted light Straits Trading Co., Ltd. $25.25; of various colours Buch reflectors United Engineers Ltd, (Ordinary), are, it is claimed, very durable. $8.46 Wearne Brothers Ltd. $12.75, ! :
."
Gold Shares
Raub Australian Gold Mining
the fact that moderate buying Co., Ltd, $4.65 c.d.
found sellers extremely reserved. Wall Street was lower
The above quotations are in Straits Dollars.
LONDON GOLD
London, Aug. 21 (Router), Bar Gold Fine, per az 148/7. Dollar Parity, ijd. premium,
age on October 1, and must apply for admission to membership of the Institution unless already enrolled.
It is intended that the research undertaken by the holder of the scholarship, shall be a whole-time Occupation and he may not hold another position of emolument during the tenure of the scholar- thip without the approval of the Committee.
York Building.
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