1937-02-08 — Page 16

PROGRESS ON NEW CUNARDER

Building On Weekly Schedule

A

THE CHINA MAIL, FEBRUARY 8, 1937.2.

LOCAL DOLLAR

Silver Prices Steady

In this way, all branches of the work are kept in line with each other. So efficient are the brigades that The local dollar is steady, open- other tradesmen can reskon on knowing on demand this morning at 1/2- ing their jobs a week ahead.

The vessel's midship sections are

7/8.

on

The "Cunard-White Star liner "No, 552," sister ship to the Queen Mary, is being built to a weekly schedule at now taking shape, and the first bulk- "Spot" silver was quoted at 20- the Clydebank shipyard. Day by day heads, which will form the founda-11/16 and "forward” at 200 plans in construction are drawn up so tion of the inner shell, were erected The London on New York cross- that the builders know what the ship a few days ago. It is noticeable that rate was quoted at £-U.S.$4.89% will look like five months hence.

the liner's bottom will be almost flat.

while the New York If one section lags behind depen-midships. This will give her a ter-

London dent work is held up, but to obviate rific grip on the water and prevent cross-rate was quoted st - this, "shock brigades" of workers have rolling and pitching, ne

US $489-7/16. been formed.

Preparations are being made to be- When it is noticed that a section is gin work on the bow. The huge steel behind schedule, one of these "shock bridge, built to enable workmen to! brigades" comprising riveters, caul- reach the bows of the Queen Mary, kers, carpenters, stagers and platers is being dismantled and removed to a is sent immediately to the job." There position 12ft away in order to make is no waiting. The stagers erect room for the bow of No. 552. scaffolding for the men to stand while carpenters "fair up" the job. Platers then bolt up the work so that the riveters can get ahead.

On,

The vessel will be equipped with an anti-collision bow, so designed that any obstruction that it met with will glance off.

TRAVEL

“American

Express”

A World Wide Organization

No. 4, Des Voeux Road, Central.

MANILA MINING

COMPANY |

Another New Firm Formed

The Bicol. Consolidated Mines, Manila, a new mining company with properties in Camarines Norte and Camarines Sur-has been organised under the direction of Porfirio P. de Juan, Dr. Jose T. Tirona, and Antonio A. Toledo after having purchased three groups of registered mineral lode (gold) claims located in barrios of

Baay and Daguit, in the municipality of Labo, Camarines Norte and barrios of Cumaguinguing and Carolina

the town of

Camarines Sur.

in

Calabanga, province of

મ

Former Representative Francisco Varona of Manila heads this corpora-

LOCAL SHARE MARKET

Following is the list of changes and enquiries in local share quotations this morning:

INSURANCES

Canton Ins. $310 3. Union Ins. $620 b. HK Steamboats" $74.b.

DOCKS, WHARVES, GODOWNS, ETC.

HK. & W. Dock $20. s

Providents (Old) $1.25 b., $1.60 saj MINING

Raubs $13.10 b.

LANDS, HOTELS AND BUILDINGS

H. & S. Hotels $5 b.

HK Lands $36 b. H.K. Realties $4 b.

PUBLIC UTILITIES

HK. Tramways $13.10 h. and sa. Peak Trams (Old) $4 b.

Peak Trams (New) $1 b.

China Lights (Old) $15.65 sá. H.K. Electrics $5514 b., $55% sa. Telephones (New) $11 b., $11.60

INDUSTRIALS

Canton Ices $2 sa. HK Ropes $2.60 b. Cements $11.20 sa.

- Dairy Farms $22.60 b.

Watsons $3.90 b.

COTTON MILLS Ewo Cottons Sh.$15.70 b. S'hai Cotton (Old) Sh.$98 b. S'hai Cotton (New) Sh$68 b. Constructions (Old) $1.65. s. Constructions (New) 40 cts. b.

tion which is capitalised at P1,000,000 Antamoks pesos with shares at par value of 1c Atoks each share.

The offices of the company are locat- Balatos Mining

Baguio Gold ed at the fourth floor, Padilla building Benguet Consol. 428 Rizal Ave. Minimum subscrip- Benguet Explor tion to its capital stock-is 10,000 shares Big Wedge with 25 per cent, as down payment and Consoldiated Mines 25 per cent every, 60 days.

Coco Grove A few days ago several samples E. Mindanao were brought to the Philippine En- Demonstrations gineering Corporation and Adamson School of Industrial Chemistry for Gumans G'field

Ipo, Gold assay giving values, running from $11 L. up to $8.27.

Itogons

The first and second groups consist Masbate Consol.... of 41 mineral lode claims located in Min. Resources the sitio of Payabas, barrio of Daguit Northern Mining and 50 mineral lode- claim in sitio of Paracale Gumans Camagong, barrio of Baay, both in the Salacot Mining. rich mineral district of Camarines Norte

SMALL-POX EPIDEMIC

IN SHANGHAI

Fifty-three cases of smallpox were reported in Shanghai last week, according to the official turn in the Health Bulletin Eastern Ports.

San Mauricio Suyoc Consol. United Paracales

Opening Sales 10 am. Local in Pesos Currency

165 49

3014

14

14

.19

3514

7049

75

374

94

27

31

1.55

170

51

38

152

.79

07

3.10

7409

1.30

SINGAPORE RAW RUBBER

Messrs. H. B. Joseph & Co., re received the following quotations from of Singapore in Straits Currency for

Raw Rubber:

In Bangkok, there were 75 cases of cholera

Spot March

Apr/June

Buyers

364 Up1⁄2

36% Up 3%

364 Up %-

36% Up 3%.

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPS.

BUILDERS OF RECIPROCATING STEAM ENGINES. BUILDERS OF MARINE AND LAND BOILERS,

BUILDERS OF TURBINE MACHINERY.

Under License From Messrs. Parsons.

BUILDERS OF DIESEL ENGINES,

Under Special License From Messrs. Sulzer Bros.,

Licensed To Manufacture Lanz Perlit Iron, Specially Suitable

For Internal Combustion Engine Working Parts.

DOCK & SLIPWAYS

FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE

2

ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND OXY ACETYLENE, SKILFULLY AND PROMPTLY CARRIED OUT

July/Sept.

Market: Undertone Quietly Op-- timistic.

PHILIPPINE STANDARD STOCK_

The Philippine Standard - Mining Exploration organised and managed by the president trustee, Miguel R Cornejo is now in full swing receiv ing subscriptions from the public.

The company owns about. - 250- claims located in various parts of the islands. They are the Bontoc-Taluoin Gold Mine; the Lepanto Mankayan Mine; Pangasinan Amalgamated Mines, Sawbales-Sta. Cruz Chromite Mine and the Ilocos Sub-Angaki. Mine.. These claims are located in the different mineralised parts of the Philippines and assays range from $7.24. The claims consists of copper, manganese, gold and silver. Sub- scriptions are now being received at the offices of Mr. Cornejo at Cal Barbosa and R. Hidalgo.

38211

seral One, OT

Hong Kong

BUTTERFIELD & SWIRL,

GOLD SHARES DIVIDEND

Directors of the

meeting in payment