1939-12-13 — Page 14

NOINN

"

BREWERY

UB

SHANGHAI

LIMITED

Popular Beer

Far Eas

throughout the

Sole Agents:-W. R. LOXLEY & Co., (China) Ltd.

TRAVEL A.-O. LINE

TO

AUSTRALIA

CALLING AT MANILA, THURSDAY ISLAND. CAIRNS, TOWNSVILLE, BRISBANE, SYDNEY AND MELBOURNE, ETC.

NEXT SAILING

AT THE END OF DECEMBER

For Freight or Passage, apply to :---

BUTTERFIELD & SWIRE

Agents

Hong Kong, China & Japan.

Tel. 30332

THE CHINA MAIL, DECEMBER 13, 1939

CANADA WORLD'S LARGEST PRODUCER OF NICKEL

With the world's main supply of nickel in Canada and only a few miles from the United States border, there is little fear that the uninterrupted flow of the metal here will be interferred with because of the European war. Owing to the traditional friendship and commercial ties between the two countries, the Dominion Government is not likely to restrict the movement of the metal to the United States for domestic consumption, states J. H. Carmical in the "New ed to build a hydroelectric plant, also York Times.'

the scheduled for operation by Autumn of 1940.

Since the United States is the largest consumer of nickel and pro- duces only an infinitesimal part of its requirements, considerable interest has been manifest in this metal, which is essential for efficient indus- trial and military operations. fence authorities here recently classed nickel as a strategic metal.

CONSUMPTION IN UNITED STATES

Although the consumption of nickel in the United States last year was almost 50 per cent. below 1937, large- De-ly because of decreased industrial

WORLD PRODUCTION Of an estimated world production of 109,000 metric tons last year, Canada accounted for 95,558, or about 88 per cent. of the total. New Cale- donia, an island in the South Pacific Ocean belonging to France, is the second largest producer, with an out- put of 6,004 metric tons last year.

In addition there is small production in Germany, Russia, Japan, Southern Rhodesia, Burma and Norway. The primary output in the United States which was principally a by-product in the electric refining of copper, amounted to only 377 tons.

Since 1933 the Mond Nickel Company, Ltd., English subsidiary of the International Nickel Com- pany of Canada, Ltd., has been carrying on development work in Finland. In the annual report of International Nickel for 1937 it was said that "a substantial ton- nage of ora of excellent grade has been proved by diamond drill- ing and prompt steps are being taken to develop the property for an output of 1,000,000 pounds of nickel and 500,000 pounds of copper monthly."

RUSSIAN DESIGNS According to reports from London Joseph Stalin is anxious to obtain control over the extensive nickel deposits in Finland in order to free Russia from dependence upon the: British Empire for the metal. The mine is about thirty miles southwest of the Finnish port of Petsamo, an ice-free harbour on the Arctic Ocean, on which Russia also is said to have designs.

International Nickel, it is estl- mated, has expended about $5,- 000,000 on development of the expected Finnish ore, and it is that possibly $5,000,000 additional will be required for completion of the project, originally sche- duled for next Autumn.

To provide power for operation of the mine and a smelter under struction, the company last year start-

con-

activity, it amounted to 23,400 metric tons out of a total world use of 92,500. Russia was second with a consump- tion of 17,300 metric tons, followed by the United Kingdom with 13,200 and Germany with 12,200.

Previous to the World War about 80 per cent. of the consumption of nickel was directly in the manufac- ture of armaments. The metal was used in addition as an important alloy in various machines for the making of armaments.

After the World War, however, in- dustrial uses were developed and in recent years it is estimated that the consumption of nickel for armament to about 10 per purposes declined cent. of total output,

The price of nickel has been un- changed at 35 cents a pound since 1926.

LOCAL SHARES

BANKS

Hong Kong Bank $1330 b. Bank of East Asia $72. b.

INSURANCES. Union Ins. $400 sa.

SHIPPING

Douglases $711⁄4 b. Indo-Chinas (Pref.) $80 h. Indo-Chinas (Def.) $50 b. DOCKS, WHARVES, GODOWNS, ETC.

H.K. Docks $19.10 b., $19.10/.20 sa. Providents $4.40 b. New Engineerings Sh.$19.80 sa.

MINING

Raubs $101⁄2 sa.

LANDS, HOTELS & BLDG8. H.K. and S. Hotels $4.70 b., $4.90 s. H.K. Lands $33% b. Humphreys $7% b. H.K. Realties $4.30 b.

PUBLIC UTILITIES H.K. Tramways $162. b. Peak Trams (New) $4 sa. Star Ferries $66 b. Yaumati Ferries $231⁄2 b.

China Lights (Old) $8 b., $7.90 sa. China Lights (New) $4% b. H.K. Electrics $52 b., $52 sa. Sandakan Lights $111⁄2 b. Telephones (Old) $244 b. Telephones (New) $8.60 b., $81⁄2 sa.

INDUSTRIALS

Cements $16.10 b., $16 sa. H.K. Ropes $5 b.

STORES, &c. Dairy Farms (Old) $201⁄21⁄2 b. “ Dairy Farms, (New) $19

sa.

b., $191⁄2

Watsons $8.60 b., $8.40/55 sa.

"

MISCELLANEOUS

Entertainments $84 b.

Constructions (Old) $11⁄4 b.

MANILA BHARES

Antamoks Ps. .151⁄2 sa.

Atoks Ps: .18 b.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

OPERATING SERVICES FOR

CARGO and PASSENGERS

TO-SWATOW, SHANGHAI, TSINGTAO, CHEFOO and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN, HAIPHONG'

All

steamers

berth alongside

the

French

Roosevelt Terminal in the

Concession at Shanghal, where pas-

sengers and cargo are landed.

For Further Particulars Please Apply To

JARDINE, MATHESON

& CO., LTD.

GENERAL MANAGERS. TELEPHONE – 30311.

Baguio Gold Ps. .15

sa.

Batong Buhay Ps. .012 sa. Big Wedge Ps. 21 sa. Coco Grove Ps. 18-sa. Consol. Minės Pa. .0025, sa. Demonstrations. Ps: 10 sa.. IXL. P. 411⁄2 88.

Ipo Gold Ps. 141⁄2 88. Itogons Ps. 271⁄2 sa. Mambulao P, .013 b. Masbater P10 sa.

Mind. Mother: Lode. Ps...081⁄2 sa. Mine Operation Pi. .09 b. Paracale Gumaus Ps. 20-sa. San Mauricio Par 179 s8. Surigao Consol."