1936-07-24 — Page 13

PRESIDENT LINER TRAVEL SERVICE

is Yours to Command

President Liners' frequent sellings and their unique stopover privṣagse allow 'you La tenvel just exactly as you choose, And Dollar Stamsahip Lines and Ameriena Mali Line worldwide omics and agenta see malatainad to serva yon tabere in whatever placa yos shance to be. Make journext trip more enjoyable, travelling “Tha President Line way."

To SAN FRANCISCO

Via Shanghai. Kobe, Yokohama, Hozolulu, San Francisco, Panama

< Canal, Havana, New York, Pres. Lincoln 6 am July 29th Pres. Hoover 6 am, Aug. Bth Pres. Cleveland M'night Aug. 25th Pres. Coolidge Noon Sopt. 5th Pres, Tait M'night Sept. 22nd

NDL

FAR EAST EXPRESS

PASSENGER & FREIGHT · SERVICF...

From Hong Kong to I Framla

Europa

HONG KONG DAILY PRESS, FRIDAY, JULY 24, 1936.

H. K. STOCK

EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS

The market was strong all round to-day. Hotels have risen to $5.05. Trams, to $12,10, China Lights 511 Cements to $91, Telephones $27. Wharves to $92

The market closes strong. Manila

opened Arm and was steady during the day. closing generally higher.

Union Insurances, $535.

H.K, Steamboats, $21.

Parts

Date

S'otadi

Man, D'inna, s'hampton,

Наставнико

Armen, Hamborg ...

July

24

Trare

3. C"blanca, Lisbon, Autwerp. Rotterdam, Hamburg, Bremen ....................

BUYERS

Asg.

H

H.K, Banks, $1.575.

1'ct

S'pezu Penang. Belawan, Colombo,

July

+4

Тедко Potsda

* Palawan and Malgam

Aug. 1

Manila

July

Oulanau

ABS, 21

K'hai, Yokubama, Kabe

Aug

4

Providents (Old), sia.

Schambara

HR

Shi, Yokohama, Kobe

Sept

Venz. Goldhelds. $it.

Khangand, TABEL Daire, Tan,

Antamoks, $505.

T'haina, Nagoya, Kobylinka

Ang

Atoks, 82 cts.

Madang, Balamans, Rabaul, te

Ang.

11

Bagulo Gold. 38 cts,

bay!. Tulagi, Harlong, »tu,

Makin

Straits & Ceylon

Manila

Shanghai & Japan

Shanghal, North China & Japan

South San Infanda

Velderna

Urenwerburu

Stjtoltersilea without Notice.

Purung and Proght apply to

NORDDEUTSCHER LLOYD BREMEN

MELOHERS & CO

AGENTN

CANTON AGENTS; JERSEN & CO, SHAMERN, B.C.

THE

CHINA-SIAM

H.K. and K, Wharves, $92.

LONDON EXCHANGE RATES

Paris Genera

Berlin

Athenia

Milan

Shanghal

New York Amsterdam

BETTIE WIRELES SERVICE)

July

70-57/64. 15.361

12,47,

July 21.

75 57/64 15.98

12.48%

632

637.

5.03 13/16 7.381

5.02-5/16.

7.381.

1211

121.

Bucharest

Madrid

363

38-21/32.

Lisbon

Hong Kong

Brussels

28.75

1/3-13/32. 29.75.

Montevideo

Belgrade

Vienna Prague

Montreal

5.03 1/21/64

5.021

July 3, 1935.

11.3 Bank Bills, on demand 2/16 Bank Bills, 4 months'

On demand

481

night

ON PARIA:---

Credits. four months'

Bank Bills, on demand 482

1PA

Credits, 4 month's sight Bl

ON SHANGHAI :****

ON SAIGON

On Demand

1007

On demand............... 48

ON SINGAPORE :—

ON MANILA :~~-~-

On demand

54)

Un demand

637

CONSIGNEE NOTICES.

On JAPAN:-

ON BANGXOX:

On demand

168)

Our INDIA:-

}84

On demand....... Soversions, Bank Baying

Rate

1451

NOTICE TO CONSIGNEES

1/38

J:

BAE SILVER, per œ. ...........

192

PENINSULAR AND ORIENTAL-

STEAM NAVIGATION Co.'s STEAMER "KAISAR-I-HIND.”

Quyen's Building.

HONG KONG-BANGKOK

Telephone 2777%.

LINE.

1.3. BELLAS" leaving Hong Kong eth July via Swatow

"HONG KONG-SWATOW-AMOY

Accepting Passengers & Cargo for all the above wetioned ports.

HONG KONG-SINGAPORE-PENANG-RANGOON Regular Express Service

1

m.a, “HAI RING" leaving Hong Kong 18th July Accepting cargo for all the above mentioned ports.

Excellent passenger accommodation available.

For freight, passage rates and all other information-Apply to pome THORESEN & CO., LTD.

Tel, 30237.

General Agenta.

Queen's Building.

S.S. "BENVORLICH"

Sailing for

LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH on or about the 9th August.

Cargo will also be accepted on through Bill

of Lading to the usual transhipment ports, "

Next Sailing for SHANGHAI & JAPAN

S.S.

Tel 22533

ik

· BENMACDHUI" Aug 5th

For Freight and Passage apply to:-

W. R. LOXLEY & CO., (CHINA) LTD.,

York Building. Agents: THE BEN LINE STEAMERS LTD.,

THE EXCHANGE MARKET

The market closed at 1 p.m. with probable sellers at 1/3 1/8 for July, 1/3 3/32 August-September and 1/3 1/8 October-November,

buyers at 1/32 higher respective- ly.

Benguet Explor.. 32 cts, "Big Wedge. 62 cts.

Consolidated Mines, 5 cts. Demonstrations, $1.43.~ I.X.L, $2.95,

Masbate Consol.. 92 ct.. San Mauricio, $1.42. Hotels. $4.95.

Hong Kong Lands. $31, H.K, 4 Debentures. 102. Hong Kong Trams, $12. Yaumati Ferries, $10.60. China Lights (Old), $114. China Lights (New), $8.20, Electrics $51.

Telephones (Old), $27.

Telephones (New), $81.

Malabon Sugars, 391. Cements, $91.

Watsons, $3.10.

Ewa Cottons. Sh.$8.

Constructions (New), 30 cts.

Ch. Govt. 5% 1925 G.$ Bonds

90%.

Govt. 4% Loan, 8% Prem. Govt. 31

Loan, par. SELLERS

Demonstrations, $1.47. Masbate Consol.. 95 cts. Star Ferries, $90. Sinceres, $3,

SALES

H.K. Banks, $1,575,

Canton Insurances. $260, Union Insurances, $530,- H.K, and K. Wharves, $91. Providents (Old) $1.45/13. Raubs, $11.60. Antamoks. $5. Demonstrations, $1.45/1.47. I.X.L., $3.

Masbate Consol.. 94 cts." Paracele Gumaus, 85 cts, San Mauricio. $1.47. United Paracale, $1.28. Hotels, $4.90/4.95.

Hong Kong Lands. $31. Hong Kong Trams, $11.85/12. Star Ferries, $89.

China Lights (Old), $11.30/111 Electrics, $51/514. ' Telephones (Old), $27. Cements, $9.20.

HK. Ropes, $31.

Dairy Farms, $201.

MANILA CLOSING SALES Antamoks. P.3.30. Atoks. 0.54. Bagulo Gold, 0.251. Benguet Consol, P.12.50. Benguet Explor.. 0.211. Blg Wedge, 0.40, Demonstrations, 0.92. IXL. P.1.95. Itogons, P.1.20. Masbate Consol.. 0.59. Northern Mining, 0.23: Parucale Gumaus, 0.41. San Mauricia, 0.94. Supoc Consol., 0 34. United Paracale. 0.26.

WHEAT SURPLUSES

To Be Bought Up?

London, July 22.

Yokobama

Helsingfors

Rio

Buenos Aires

Silver (Spot

Silver (forward)

War Loan

On London: -

19 11/16

3) 108 5:18

Closing Quotations

Telegraphic Transfer..

sight

ו.

Telegraphie Transfer... Bank, on demand.........

ON NEW YORK:-

191. 31-1083.

Bank Bills, on demand 31 15/16 Credits, 60 days' sight. 32 9/16

ON BATAVIA:-

PHILIPPINE MINING

NEWS

Plant At Big Wedge

Working Well

Operations are being carried on uninterruptedly at the new Big Wedge mill, and all units are functioning perfectly, according to a report made this week by the Atok Gold Mining Company which is operating Big Wedge.

Although the mill started grind ing on June 22, it was officially opened on July 1 The early start in grinding was made so that the tanks could be Alled by July 1 It was learned

COPPER INTERFERES

an

ap-

Some metallurgical difficulties have been encountered with the Broadway ore coming from the

contains vein, which preciable amount of soluble cop- per. This soluble copper has caused trouble in the cyanide cir- cuit and consequently no further deliveries of Broadway ore will be made to the mill until further la- -boratory tests are concluded.

The mill is now operating on ore delivered from the Antamok. Central vein alone, and this will

be continued until such time as the proper metallurgical treatment of the Broadway ore is determined. Development work is progressing very satisfactorily. The report of F. B. Morehouse, general superin tendent, as of June 30, is as fol- 1078:

HEAVY GROUND

raise on the Frank vein has been connected with the workings above. The raise shows a fair grade of ore

EUROPE, NEW YORK

Vis Manila, Singapore, Penang. Colombo, Bombay, Suez Canal/ Napias, Genoa and Marssilles.

·To SEATTLE, VICTORIA

Via Shanghai, Kobe, Yokohama

and Victoria.

Pres. McKinley M'night July 31st Pres. Grant M'night Aus, 14th- Pros. Jefferson M'night Aug. 24h Prom, Jackson M'night Sopt, 11th Prea McKinley M'night Sept. 8th

MANILA

THE MOST FREQUENT SERVICE

Next Sailing

9pm. July 30th

Pree. Hayes 8 Am. Aug. lat Pres. McKinley 8 pm. July 25th Pree. Wilson 8 am. Aug. 5th Pres. Hoover Pres. Monroe 8 D. Aug. 20th | Pres. Bayes Pres. Yan Baron 8 a.m. Sept. 19th | Pros. Grant Pres. Garfield 3 a.m. Sept. 26th Pres. Wilson

8 nm Aug. Ist 8pm. Aug. Bu 8. Aug. 15th

MÖST FREQUENT SERVICS ON THE PACIFIC

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

PEDDER BUILDING— HONG LONG. DAYTON BELMOR :—4, WHATXI MOAD,

Å HONG KONG or

22ND JULY, 1936,

FANTWERP.LONDON,GIBRAL- TAR, MARSEILLES, MALTA, PORTSAID, ADEN, COLOMBO AND STRAITS.

YONSIGNEES of Cargo by the above. named Vessel are hereby informed that their Goods are being landed and placed at THRIK ANI in the Hong Kong And Kowloon Wharf and Godown" Cou- pany's Godowns at Kowloon, where each Consignment will be sorted out Mark by Mark and Delivery can be obtained a the Goods are landed.

Options Goode will be landed here unless Instructions have 'been given to the contrary Six Hours before arrival of the Steamer,

Gooda not cleared within 8 days including date of arrival will be subject to Bent

No Fire Insurancs will be affected by

CONSIGNEE NOTICES.

COMPAGNIE DES MESSAGERIES MARITIMES

CONSIGNEE NOTICE.

SLS "MIN "** 8°120/36.

BRINGING CARGO FROM DUNKIRK, ANTWERP &c.

ALIVED HONG KONG OF MONDAY, THY 20TH JULY, 1936.

YONSIGNEES

are hereby informed

of Opium, Treasure and Valuables are t at their gode with the exc ption being landed & stored in to the godowns of the Hong Kong Kowloon Wharf and Godown Co., Ltd., Kowloon, whance after landing. delivery may be obtained immediately

will

not

All Claims must be sent in to me on or before the 31st July, 1836, or they

be recognized. by the Company's Surveyors, Messrs. Damaged Packages will be examined

the Consignees at 1:00 am on the Goddard & Douglas in the preses co of

97th July, 1938.

reaching to the Comasol level." us in any case whatever.

Damaged Packages must be left in the The Big Wedge mill has not been Godowns for examination by the Con shut down since it was started, the GODDARD & Dovelas, st 19 Surveyors.

and the Company's Surveyors

report made by Atok Gold states,

and has been grinding continuous-Free

ly since June 22. The metallurgi-

and Thursdays, within the

period.

are specially notified that

Officer in attendance when any datiable Consignees must have a Revenue goods are examined by the Company's No Fire Insurance will be effected by na in any case whatever,

B. OBL,

Agent

[4573

cal difficulties are only temporary, it is necessary for a Revenue Offer to in view of the extremely high grade be present at the examination of Hong Kong 20th July, 1988. ore which has been developed on damaged dutiable cargo, » the Broadway vein every effort All Claims A will be made to expedite a satis factory treatment programme for this ore in order to resume de- liveries to the mill.

UNITED PARACALE

Gota production for June was P115,058.30 In bullion and concen trate, from 9,878 tons of ore milled. Of this ore, 3,027 tons came from the San Antonio and Baluarte velas, 6,120 tops from the Haliguing Bato vein, and 725 tons from the Rocky Mountain Frac- tion.

against the Steamer must before 11th Aug. 1936, or they will be presented to the Undersigned on or

not be recognized.

*No Claima will be admitted after the

Goods have left the Godown, MACKINNON, MACKENZIE & Co.

Agedta, Hong Kong, 32nd July, 1936, 14576

SINGAPORE RAW RUBBER Latest Singapore Prices

Spot

Buyer

281 unchanged ZT Down

271 Down

B. B. JOSEPH & CO.

Thursday, July 23. Messrs. H, B., Joseph & Co., re- . Operations were most satisfac-ceived the following quotations in tory throughout, with the opening Straits Currency for Raw Rubber *The Muyot drain tunnel was or a new ore body on the 105 drift from Singapore to-day: advanced through the usual heavy. south on the 100 level of the Ban ground,

The Bodega Drive ad- Antonio vein being the most im- vance was though heavy blocky Dortant development. Bo far the vein has averaged approximately There was meeting of the In. Bround the entire distance and re-

The Me- five feet in width and has assayed Wheat Committee inquired close timbering. "London to-day. The Chilean Am-saba raise was connected to the P40 a ton. With this new deve- bassador suggested an inquiry into and all necessary work done toore bodies on the San Antonio.

Mesabu level, a station set placed lopment there are now three major the possibility of encouraging, through international action con- permit the dumping of ore into the sumption of wheat

raise. The Mogul crosscut south Instead of cereals with inferior nutritive value.

was started from the Broadway ported China and speculators as

He suggested that the international frosscut to reach under the Mogul having sold India bought. After small sellers at 31 11/16 July, 31 organisation might obtain at a low/ore shoot as it is defined in the Point vein system. the official Axing the market was 5/8 August-September,

MESSKS. ROZA BROS.

노

U.S. DOLLARS

Business was done shortly after Saver prices dropped 1/16 yes the opening at 32 1/8 for cash terday for both deliveries, the followed by

transactions at 32 quotations being 19 5/8 for Ready 1/18, 32, 31 15/18, 31 7/8, 31 3/4 and Forward. Silver advices re-

and 31 5/8 for July and August. The market closed at 1 pm, with

buyers

teruational

price part of the surpluses likely to

steady with stall buyers at the probably at 1/16, higher respec-accumulate in several countries in fixed rate and sellers at 1/16 over tively, the quoted rate. In America the i rate was unchanged at 44 3/4 for Spot.

The

rate was lower at 5.02 -3/8. The New York-London, rate was quot- ed the same.

SHANGHAI DOLLARS

U.S. DOLLARS

Was

218

Aug.-Sept. Out.-Dec. Jan-Mar. Market:-Idia

271 Downi

יי

BENJAMIN AND POTTZ

Thursday, July 23 Five main operating shafts are now being sunk-two on the Baceived the following Straits cur

Messrs. Benjamin and Potts re- luarte rein, one on the San An- tonio, and two on the Longest singapore to-day, for Raw Rub- rency quotations (buyers) from

beri

Spot Aug.-Sept.

Antamoks Atóks Bagulo. Gold Benguet Con.

surface workinga.

*The

Broadway intermediate PHILIPPINE MINING drift west from the shaft the next few years and referred to

RATES The highest done in the morn-wheat reserve through an inter-

the possibility of Enancing such started to facilitate stoping opera- tlons. Ore "values", encountered

Thursday, July 23, London-New York crosting was 105 3/4 and the lowest national institution such as the bere average about the same

The following Are to-day's 104 1/8 for cash,

previously reported for the Broad-opening and closing rates on the Bank for International Bettle- SHANGHAI MARKET

$12.00 (old Manila Stock ments. Representatives of Great Way vein $10.00 to There were sellers of Sterling Britain. France

prices) over a width of 3 feet, The and Argentina

Opening Closing at 1/2 3/8 and US, Dollars at 30 welcomed these suggestions.-

Broadway "No. 45 raise from the MARKET

1/16 for Spot.

Muyot level, put up for stoping Opened easy but weakened sub-

British Wireles

purposes, gave an average value of sequently owing to a general de-

IN THE AFTERNOON

$50.00 over a 5-foot width, through- mand. Later a slight reaction The market opened uncertain in

out the 40 feet of raise. In the took place but eased off again. the afternoon with business done Business was done during the Broadway No. 45 east drift ore Towards lunch time the market at 1/3 3/32 for August delivery early part of the afternoon at 31, vatues were somewhat lower going remained quiet and the tone ap-followed by transactions at 1/39/10, 31.1/2 and 31 7/16 for dear east from the raise and this would peared a shade steadier,

1/16 for September and also for delivery. The market closed with indicate that the cre shoot has a STERLING

August delivery, Subsequently sellers at 31 1/2 July-August and

westerly Take. Business was done shortly after 1/3 1/32 was also arranged for 1.31 7/16 September-October, buyers the opening at 1/3 11/32 for Sep- September and 1/3 1/18 for cash. at 31 5/8 July-August, and prob- tember delivery followed by trans-The market closed steady with ably 31 1/2 September-November, *On the No. 1 West Drift lovel actions at the same rate for cash. | sellers at 1/3 1/16° July-August: SHANGHAI DOLLARS

3 Intermediate from the old Me- Bubsequently offers at 1/3 6/18 1/3 1/32 September-October and The lowest rate reported was saba, the raise has been advancea 143-9/32, 1/3.1/4, 1/3 7/52, 173 1/3 November-December; buyers 103 3/4 - for cash. The market in ore that will average $35.00/ 3/16, 1/3 1/8 and 1/3 3/32 were at 1/3 3/32 July-September and closed with probably sellers at 104 Raiser 3 and 5 are about to con- accepted for various deliveries. 1/3 1/18 Octobre-November.

for cash.

neet with bhig intermediate. The

$35 ORE

Big Wedge

P& PB.

3,25

3.30

54

54

25

251

12.30

12.50-

Benguet Explor.

21.

214

40

40

Demonstrations

93

92

1.20.1.20

60

50

Northern Mining

23

23.

Paracale Guraaus

40

40

LXL. 2

2.00

1.85

Ban Mauricio

90"

94

Suyoca

32

34

United Paracale Market

85

85

Itogona Masbate

#

281 cta. off et 27 ctal off j.ct. : Oct-Dec. Fiets, off i et. Jan-Mar. 274 cts, off à c Market: Dull.

REVOLVING WHEAT RESERVE

Chilean Proposal

London, July 23.

CONSIGNEES' NOTICE.

| THE BEN LINE STEAMERS, LTD.

FROM LEITH, MIDDLESBRO, ANTWEEP, LONDON AND STRAITS,

THE SS. "BEN LAWERS"

!!:,

MONSIGNEES of Cargo are hereby that all Goods are being

landed at their risk into the hazardous and/or extra bazardona Godowns of the Hong Kong sad Kowloon Wharf and Godown Co., Ltd, whence and/or from the wharves Delivery may be obtained. Goods have left the Godowns, and all No Claims will be admitted after the

Goods ramsizing uddelivered after the 25th July, 1936, will be rubject to Bont. All Claims against the Steamer must be

to the Undersigned on or presented before the 8th Aug., 1936, or they will not be recognized.

To comply with the General Bonded Warehouse Regulations, consignees must have a Revenue Officer in attendance damaveri dutiable goods we when

examined

All broken, abated and damaged Goods are to be left in the Godowns, where July, 1986, st 8 by Kum. they will be examined on the 23rd

Carmichael & Clark.

No Fire Inantanos has been effected. Bill of Lading will be countersigned

H. LOXLEY & CO (CHINATA

Hong Kong, 20th July, 196

[4871

body, and the stocks would be drawn, on from time to time to meet the needs of the regions and countries unable to afford the cur rent commercial price.

Summarising the possibilities which the Committee might ex- An official communique issned amine should it decide to study his after to-day's meeting of the proposal, Senor Augustin Edwards. Wheat Advisory Committee re- pointed out the possibility that the veals the proposal by the Chilean international organisation envi representative on the Committee saged might obtain at a low price that an inquiry should be inati- part of the burdensome surpluses tated with a view to ascertaining which would probably be accuma the possibilities of creating anlated in several countries during international revolving wheat re- the next few yearsN serve.

The majority of delegates wel-

"It was suggested that this re-comed the initiative taken by thu serve should be controlled and | Chilean Government.--- Firm Steady financed - by the international) Keutez.

C