1936-07-25 — Page 12

Daily Press 孖剌西報 All

Series Prev Next Source

DAILY SHARE QUOTATIONS

Hong Kong Stock *»

Exchange

Onarebrokers Association

Парола

Hellers

Nominat

FRIDAY. JULY

Buyers

Seller

Bike | Marmin-

24.

Banks

H.K. Banks

si,san

1,573/185

298

214

Bo. (London) .......[ Chartered Banks w

231

HOH

$533

$280

JUS

101

$1.55

373

Mercantile Bks. "A"

Do.

Bank of East Asia....

N. O. & S. Barks...

Insurance

Canton Insuranoos......

Underwriters avanj

Union Insuranöds 19.

Internations? Assos, S.

Douglases ................

Steamboats

Tados (prot).

Do. (dot) trave

Stella

Waterbout

Mining

Balaicos

13/1441

14:1⠀⠀

**⠀⠀⠀⠀ ⠀!!!!!

$1,570

2111

214 073]

$91

2956

80 als.

1613

3457

$350

HONG KONG DAILY PRESS,

SATURDAY, JULY 25, 1936.

PHILIPPINE MINING

NEWS

Less Burdensome Mining Tax Proposed

Messrs. Harriman & Co., have received the follow- ing cable from Mr. John Hair, Chairman of the Manila stock exchange: The evening paper reports that Gov- ernor Quezon is against the proposed graduate mining tax. He proposes to substitute a less burdensome one." This refers to the following previously proposed mining tax:

PROPOSED TAX SCALE

1462

Chins Firearmsenter

$160

HK FiresPPERTY

331

Shipping

い

$38

$35

130

$20

$30 $90

New Tax

Old Tax

IOU

100/-

Per Cent

Gross Production

Per Cent

$14

312.30

not over

from 'P250,000 to

P250,000 500,000

from

300,000 to 1,000,000

$931

Gold Hiver

from 1.000,000 to 2,000,000

Gold Creek...........

12 cts.

Balacota

$3.10

$3.00

11/

Kailans TANT*****

11/3

Langkats (single) S.

Shanghai Loans 3.

Explorations.

$270

$2.30

$11.80

115

$105

$10 60 Baubs

Venezuolu

“Gold Fide.

Docks, Wharved,

H.K. & K, Wharves,

1.43/1.160

(ubw)...15 ots

Godowns, etc.

Do.

(old) $92

Do. (new)

Providents (uk)

$1.00

120 cts.

$15

J185

4,90/5. 05

3314 $109

***

$19

Do.

H.K. & W. Docks

&. Chias Motor A

Shangnai Docks S.

New Engineering38, Hongkuw

Lands, Hotels, and Bui dings

H.K. Hotela

******* | #5.15 H.S. Lande....................:) #31

Do. 4% Debentures 8103 Shanghai Laoda.....8. Metropolitan Lands..

H.. calties...............-*] $4.35 China Do

-.........

Do. Deboutareas.

Humphrey

Chinese Esta1,196, Colten Mills

B' Cottons(old S.

Zawag Sings

Do. news.

Wing On Textiles(S.)

$26

Public Utilities

11.85/12

'frain ways ****$11,50

Foak Trama (uld)...

Do. (now)...

是

$90

Star Ferris mur

189

$19.00

Yaumati Ferrios

$194

11.30/11/

Chins Lights (old)

$11.05

11.3 / 70

Do.

(new)

8:1.80

180 #511

197

27/27}}}

$9.40

9.30/

33)

30 ctu

$3.40

prem

par

127

$34

H.K. Electrics...

Macao do

Sandakan Lights ...) Teleptunen (kd) 10.

Do.

China Busas

(new)... en Be

Tractions are Do. (pret)er

Industrials Malabon jugar... Caldbeck, ford,) d.) Macgregorej pref.18. Canton lees

Vements

***********39.30

Hopesugirardata) Miscellaneous

$201 Dairy Farm

*** $20.29 Amusemente veran Uh. Etainments....... Constructions, fold;

Do. (new) 25 sta. Lane Crawford............ Mackintoshe vanities Nadyang Tobacco...

Sinceres

Watson

40 ot. Wm. Powells ........

M. Greyhounds ................. SC. Enterprises CL.Q.871925G.Bda

ILK, GOTL 4% 5061

Do,

Wallace Harper................ H.K Wing On ... gbai Do Fibro Piling....***

FILM PRAISED BY VETERAN

*****

319

32/-

$6.00

$3.

$107 $100

$45

...... $52

If the proposed new taxation on the mining industry becomes a law, the government will receive con- siderably more than P4,000.000 from

4,000,000

Gross Production

1.5

not over P1,000,000 2,000,000 2.5 from P1,000,000 to 3.5 from

4,000,000 2,000,000 to over from

3,000,000 2,000,000 to

4,000 000 from 3,000,000 to

4,000,000 to 5,000,000 !from

from 5,000,000 to 6,000:000 from 8,000,000 to 7,000,000 8,000.000 from 7,000,000 to from 8,000,000 to 9,000,000 from 2,000,000 to 10,000,000 from 10,000,000 to 11,000,000 from 11,000,000 to 12,000.000 from 12,000,000 to 13.000.000 from 13,000,000 to 14.000 000 from 14,000,000 to 15,000,000 from 15,000,000 to 16,000 000 from 16,000,000 to 17,000,000 .... from 17.000,000 to 18.000 000 from 18,000,000 to 19,000,000 from 19,000,000 to 20.000 000 from 20,000,000 and more

company recently voted a 50 per cent dividend for the first balf'o 1938.

Gold production has been in- the mining companies-or more creasing steadily "at Antamok, the than three times the total taxes, plant has been enlarged until It paid by the industry last year.

now has a capacity of over 700 ton daily. H. A. Dewitt is general superintendent of the company.

Antamok Goldfelds recently ac

States quired an option on the Group of claims, which adjoins its property. Derelopment "work has been started, and ore blocked out will be treated in the Antamok

The tax is based on a progressive scule, starting with 2 per cent. on gross annual production of not over P250,00 and going up to 24 per cent un productions of about

P20.000.000.

The bill was prepared by the committee on ways and means. and is now under discussion. While Mill it may not become law. it is of in- terest because it shows the trend

of the legislators.

The explanatory note to the bill read:

THE OBJECT "The object of the attached bill amending sections 1534 and 1535 of the Administrative Code and providing for progressive rates of taxes on the output of gold sliver and chromite mines in the same manner as the progressive rates of the additional income tax provid- ed for in the Income Tax Law is to to enable the government secure 'repayment for the deple- tion of its natural resources. The exploitation of mines, especially gold mines. has come to be a very prontable industry. The progres-

MASBATE CONSOLIDATED

owned by

PASSENGERS

ARRIVAL

P. & O., 9.S. RANCHI The dowing" passengers

mvea

NEW YORK STOCK EXCHANGE

Now York: July 23.

ar the

nere yesterday - kum Norta by the sa, Ranchit-

Mrs. 13. Tallack, Mr. Quinn, Mr. Morock, Mrs. KeËS, MISS Green, mars, Hines, Captain and Mrs. Hopkinson, Miss Loudwell, Mr. R. J. Scott-Williams, Mrs. M. "Ladengast, Mr. R. Q:"L Oliphant, Mr. J. Baines, Mrs. E C. Stokes with two children and · infant, Mr. A. C. Sinclair, Mr. M W Humphrey. Mr. and Mrs. E. Wi- liams, Mr. and Mrs. W. Whiting, Mr." J. "H. Tresidder, Master Sid- dall Mr. H. W. Goode, Mr. and Mrs. Daver, Misses Daver (2).

DEPARTURE

་

VIDEOWED Kealers Agency}

QUOTATIONS

New York/London Cross-cate New York Cotton-Oct. New York Rubber-Sep. Chicago Wheat ---Sep. Chicago Corn. -Sep. Silver-Official

Dow Jones Averages

($0) Industrials

20 Baile

20 Utilitie

40 Bands

11 Commodity ludra

Stocks

EMPRESS OF CANADA The fondwing passengers left here yesterday for Vancouver vin ports by tnes.s. Empress of Canada"...

Mr. E. A. 'Alves, Mr. J. G. Austin, Mrs. E H. Bercovitz and three sons, Mrs. 9. A Blecker, Mr. G. V. Bolton, Mrs, D. E. Buyers and 1.daughter, Miss Z. D. M. Carter, Mrs Chan, Mr. and Mrs. A. J. Chown, Mr. and Mrs. Chan Lai Ting, Mr. B. Conway, Mr. Z. D. Chang, Mrs. H. G. Cooper and daughter, Dr. M. C. K. Chang, Mr.Baltimore & Ohio... C. Corbin, Mrs. T. T. Chu, Comdr. Bethlehem Steel

Masbate Consolidated has "been the Borlana interests It was formerly since May 1935 Panique Mines, which had been on a small scale in production since 1914. Ore reserves estimated

as nearly 6,300,000 tons, value at Over P84,000,000, were blocked out, and the construction of a 2,000 top plant was started. During this construction work, the old mill, which had been in operation for more than 200 years, has gradually been dismantled, without loss of The production operating time has been steadily increased until sive rates proposed will not, how-it is now around P150,000 a month. ever, discourage new companies The Company was incorporated from engaging in the gold mining for P5,000,0000, all of which was business as the rate applicable to paid S The directors are bar. a new company which will just Soriano, president, A. D. Goodlife, embak in the mining venture is E. Roxas, B. Razon, J. H. Sampson, the same as the rate of tax now L. R. Nielsen, and F. Hodsell. In in force: It is estimated that an 1935 the company made a nett pro- additional revenue of P2.000,000.00 at of P178.160 in spite of the may be derived annually from this fact. source:"

The additional revenue will be considerably more than P3,000,000, as can be seen by a rough esti-. mate of what the various compa-. nies would have to pay under such law.

The following table is based on started his theatrical career in London as a youth. He gave up a conservative estimate of produ- tion for 1938. The output of each an original ambition to become a surgeon-after studying at Uni- company for the first six months was doubled, and the result made versity College to add his name

into a convenient round number to that of his father and sister on the English stage, because be could not relat the contagion that surrounded it.

Mr. Deeds Goes To Town

Coming from a veteran stage and screen actor like H. B. War. net, the references to the script of Columbia's new Frank Capra pic- ture, "Mr. Deeds Goes to Town" as "the best I have ever read screen appearances have been in

In 1906 Warner made his debut on America's Broadway.

Some

Di Warner's important

ANTAMOK GOLDFIELDS

Antamok Goldfields was incor-

ihät construction work hindered operations considerably,

A. A Friedinan la general super · intendent of Masbate Consolidated

I. X. L.

Laat Today's

High Low Close Close

6.09 401-59/33

19.19 12.93 18.24 1929

104 1051

Change

15/33 oft

an qo'

16.43 18.40 18.47 16.37 .10 of -100 103)

୫ଥ 201 នរ

Higu-1834/55

| Amer. Tobacco 'B'...

Amer. Waterworks... 39 Anaconda Copper ... Atchison, T. & 8. Fe. Atlas Corpn. Auburn

and Mrs. A. B. Coventry, R.N. and Boeing Airplane Co. two daughters, Mra J. J. Crane, Borden Co.

P. Mr. J.

Lieut. Bklyn - Cumming, Custaner, RN, "Mr. A J; Dawe. Mr. P. J. Dekema, Mrs. L. Dick-klyn son, Mrs. W. B. Eckart, Mr. D. M. Ferguson, Mrs. M. B. Freeman and two daughters, Mrs. Fung, and Mrs. R C. 9. Garwood daughter. Mr. Loule Guin, Major

Man

1 $6 cum.. pt.

Case. J. I

Manhattan

Trans Corpn. ......

Manhattan

1621

Canadian Pac. Rly.

Chase Nat. Bk....... Chesapeake

Corpn.

442

unchanged

Low: July 21. July 13. Change

Incor.

Picture

עם צוּ.

411

100.00

143.11 1

18461

63.73

40,66, 382 30

13.13

.33 up

30.50 1359

28.13 35,03

36.13

10 48

8.81 103,50

103,36

.03 off

85,8% 26.07

€4.93

.14 off

Business Done: −1,400,000 shares.

Last Sale

Last Bule

July 22 23

Stocks

July 22 23

Adams Express Amer. Can

125

135

.G. Western Sagar ...

351

135

134 +

Humble Of ..............

602

662

Amer. Cyanamid 'B

Int. Harvester Co.

831

Am. & For, Power Am. & For. P. $7 pi Am. Light & Trac.

71.

Int. Nickel .......

502 511

Int. Tel & Tel

13131

267

Kennecott

439

441

Amer, Locomotive....a Amer. Radiator..... Amer. Rolling Mill... 874 Amer, Smelting ...... Am. Sugar Refining 1703 Amer. Tel. & Tel

211

Loew's Inc.

513

267

271

Lorillard

241 243

€

881

McKesson & Rob-.

.354

55+

bins Inc.

43!

1701

Monsanto Chern.ca.

"98)

101 1012

251

257

Montgomery Ward... Nat. Chy B. (.......................

411

423*

424*

Nat. Dairy Prods....

271

831

Nat, Distillers

264

263

201

Nat. Power & Light

121

138

354

New York Central... North American

301

401

331

211

Northern Pacilio

27}

27+

551

261

311

Pacific Gas & Elec. Pacifc Lighting MIL Packard Motor

401

53 57+

112

11-

Paramount

493

8. B

Pennsylvania BR 371

371

1013

Phillips

Petroleum

451

183

Pure Oil Co

433

131

Pub. Service of NJ,

201

471*

661

Radio Corpa. Radio Corpn

$5 of

121

"B"

106

106.

1193

Reynolds Tob 'B'.... 551

553

21+

Schenley

401 40

104

71},713

151

૩.

751

417

Schenley 51% ph Seara Roebuck Bocony-Vacuum Sthm. Cal. Sthin. Pacifc Stand Brands Stand. Gas Y Elec Stand. Of of N.J.....

201

80"

141

Edison

319

313

40 *.381

151

8 72.

63+

134

Sterling Prods......

731

324

Swift International Technicolor

311

301

:52

Texas Gulf Sulphur

331

Transamerica

-131

45$

20th Cent, Fox Film.

COLI.

201

211

20th Cent, Fox Fam.

672

341

163)

Un. Carbide & Car-

bon

901

243

Ua. Pacific

137

135

Un. Aircraft

(New) "27

271

Un. Airline Trans...

Un. Corpa......

.181

181

881

Un, Corpn. $3 cum

471

47+

167

pt.

561

Un. Gas Improve-

421

ment.

174

40 ↑

U. 8. Indus. A'cobol

331

341

701

US. Rubber.....................

30.

301

371

U. B. Steel

621

842

131

Vanadium

214 201

201

Warner Bros. Picts.

241

Westinghouse

Dec

1341

1332

301

Call Moties

·1%

-1%

* Bid

1 posichle mukhyar

(ord.)

Southern

164

and Mrs. R. Gill and son, Mr. Chesapeake & Ohio Ho Wah Sheung, Mr. V. M.Chrysler Haimovitch, Mrs. F. G. Hill and Columbia, Gas & E daughter, Mr. Non N. Gee. Mrs. E. C. G. & E. 6% Apt 105 Hope-Faulkner, Mr. W. E. Hunt. Commercial Credit Mrs. L. Jack, Mr. J. Jeft. MC.S., Com. Solvents" Mr." Jong Wei Kong. Mr. A. Comm, & Kershaw, Mr. and Mrs. D. L King, Mr. and Mrs: G. J. Lafferty Comm, & Southern and son, Mr. C. V. Larom, Mis (ord.) $6 cum. p.. Liem Kee

G. Mc

F. Consolid. Gas of N.Y. L'Estrange, Mr. Lee Shun, Miss Consold. Ou M., B. Lewis, Mr. Lee Chung Yuen, Continental Of .... Mr. and Mrs. M. van Loenen and Corn. Products....... four children, Miss J. Mackenzie, Curtiss Wright (C). Mr. J. MacKnight, Mr. H. C. Mac- Curtiss Wright A... namara, Mr. H. Nalto, Mrs. C. H. Delaware & Hudson Nash, Miss M. H. Nash, Master J. Distillers Corpn. Bea- E Nelson, Mrs. W. Oliviera, Mrs.

grams ............. A. F. Orr, Mr. and Mrs. C. Stewart Dougias Aircraft.... Orr, Mr. Y. S. Pel, Miss E. Picton- Du Pont de Nemours Turbevil, O.BE; Mr and Mrs. R. Electric Boat

Elec. Bond & Share 9. Pratt, Miss R. Fratt, Mr. A. Preston, Mra. Dorothy Preyer, Mrs. B. F. Raven, Mr. J. F. Rhame, Mr. and Mrs. J. E. Richardson, Miss J. E Robson, Mr. L K J. A. Schmahl, Mr. and Mrs. A. H. M. C. FE van der Schoot, Schroeder, Mr. M. N. Sen. Major Gen. Electric and. Mrs. S. Smith, Mr. G. H. Spil-Gen. Foods.. lebaar, Miss K. M. Stanley, Mr. Gen. Motors and Mrs. P. N. Suratsingani and Gen. Rly. Signal family, Miss S. Swift, Miss Szeto God Du.r Chefan, Mr. V. C. Vaswani, Miss Goodrich Tyre Co.. Helen White, Mr. D. D. Wight Goodyear Tire & R. Mr. C. A. Willis, CRE, Sur Wufrid G. N'thern Rly. pf. 391

tez-diy. Woods, K.C.M.G., Lady Woods, Mr.

Tong Lenng. Mr. Tong Cho, Mr. Tsin Wal Kwong, Mr. Teng Suk Chim, Mrs. S. H. Wang and family. Mr. and Mra Wong Che Wing, Miss Wong Wai Lan Mr. T. C. Wong, Mr. Wong Man Hong, Mr. Wu Chi Moy, Mrs. W. T. Wu, Mr. Wa Ki Chiu, Mr. and Mrs. T. C. Wu, Mr. Yuen Shiu Kong, Mr. Yuen Tat Sun"

Mr.

RAW SILK

Elec. Bond & Share

$5 pf. min mec. Bond & Share

58 pt.

E'ec Power & Light Gen. Cigar

MOTHER'S BEQUEST TO DEAD. EVEREST CLIMBER Tragedy Of Lone Feat Recalled

Canton, July 16. The market has been active in coarse sizes for India and mostly

London, July 23. Indo-China at rising prices." A Mrs. Sarah Elizabeth Wilson, of small demand was also reported Shipley, Yorkshire, who died in from Lyons but at the close. buyers May, left a share in the residue are unwilling to pay the increase. of her £8,482 estate, to her son The market closes very firm at Maurice, "who disappeared

Mount Everest in 1934" quotations below.

4th.CROP, is estimated

The 1 X L. Mining Company has an authorized capitalization of P1,000,000, all of which is issued and fally paid. Its directors are A Soriano, A D. Goodlife, col r Hodnell, J. H. Sampson, E., Roxas, 1000/4500 bales of good average B. Razan and E, A. Perkins. The quality. company estimated its ore reserves

Btock; nil As of January 1, at 144,126 tons, valued at P4,576,876., Profits dpr- ing 1935 were 'F167,834. The new plant was running early this year, and will have a capacity of 250 tons a day by October.

K. M. Stewart is. general Intendent at 1. 1. b.

TIN PARLEY

Mr. Maurice Wilson, 35-year old son of a Bradford manufacturer.

SHIPPING MOVEMENTS

The R.MB. "Empresa of Russia" arrived at Kobe on the 24th July (Friday), at 7.30 3.1. and left Kobe on the same day at 7.00 pm. She is due at Nagasaki on the 24th July. (Saturday) at 6.00 p.m. Í and leaves Nagasaki on the 28th for July (Sunday) at 2.00 h.. Shanghai, Hong Kong and Manila.

The 8.3. Tilsondari" will leave here for Batavia (direct) on '28th July at 11 a

The next sailing to Ball and Java via Manila and Macassar per 8. "Tjibadak" satling 4th August at 10 min.

perished while attempting to elimb Mr. Wilson then sold his aero- alone the 29.000 feet of Mount plate and decided to make an Everest. His body was found last attempt to scale Everest on foot. Quotations

"This also was forbidden. but in elf. cit. year half-way up, the mountain A.K., Lyons New by the reconnaisance party of this March, 1934, after months of preparation and training. Mr. per per York, Year's Everest Expedition

as an Indian Els mother left him one-third Wilson, disguised picul kilo. per lb

of the residue of her property porter, set out from Darjeeling. 08. Extra 13/15 500 63.50

(less a sum of £580), directing He was accompanied by only super-OS. Petit Extra A

that "his share should be held in three portera and a pack pony 520 55.50

trust for ten years, and then fol- R.R.

485 50.25 1.24 low the trusts of the residuary

estate.

13/15

Orack

14/18

NS.

Crack

RR.

20/22

4 m/s D/P France. 5.20. 4 m/s L/C New York, 321.

425 46.25 1.14 Exchange

WRECKED PLANE

ABOVE CAMP THREE- After reaching Camp 3, made-by the Ruttledge Expedition at 21 000 feet he sent back the porters, Mr. Wilson, a member of the and continued the ascent alone London Aero Club. Dew from in May, After a month the por- Heston to India In 1933, intending tars, who had been told to walt a to land on Mount Everest and to fortnight, returned. Il clothed and plant a Union Jack on the sum almost foodless, to Darjeeling. mit,

The body of Mr. Wilson was

an exceptional compliment, and "King of Kings," "Trial of Mary Dorated for P1,500,000, of which Dugan," "The Late Christopher P1375,000 was paid in The board one that Robert Riskin, who wrote it, and Clarence Budingtan Kal Bean," "Son-Daughter" and "Sor- of directors consists of Andres rel and Son," in which he was e- Soriano, President,, A. D. Goodlizė, land, on whose story it was based, pecially, triumphant. Hence, with T. J. Woln, Benito Razon, Col. F. no doubt sincerely appreciate.

all these years of acting behind Hodsell, J. H. Sampson, and J. T. Warner plays a featured role in

of January 1; the the picture, which opens on Sun-him, in great stage and screen Knowles. As day at the Alliambra Theatre with successes, bis bouquet to Director company's ore reserves were es- Gary Cooper in the stellar role, Capra, Scenarist, Riskin and Au-timated at 809,322 tons valued at thor Kelland for the script of "Mr. P16,726,680. During 1936 Antamok

Bangkok, July 24 Jean Arthur playing opposite him. Deeds Goes to Town' seems praise made a nett profit of F1231,128

The tin conversations are being and George Bancroft, Lionel Stan- !

Indeed.

from 115,584 tons milled for a pro- der. Douglasa Dumbrille, Raymond

duction of P2480,97-

continued. It is believed they are Walburn and Mme. Margaret

Antamdk paid its first dividend nearing a close and some an- Matzenauer enacting important

Single Man: "What's your idea of in January 1935 of 25 per cent of nouncement may be made to been paid for New Style Opened plans were folled by the Mahara-advance party, on the East Rong- parts.

Many scripts of plays and pho- a new spring wardrobe, Tea?" P312,500. Two other dividends

Married Man: "Having my hat were paid during the year, making morrow- plays have passed through the

the total P1,000,00 for 1935, the ruler. bands of H. B. Warner since be cleared."

2 m/s L/C London, 1/3-11/16,

Ni Waste Blik Ban Prices have advanced further He had hoped to land 10,000 discovered in July 1935, by Mr. since last report #140-having feet below the summit, but his Eric Shipton, leader of the Everest

No. 1. At the close $145s quoted jah of Nepal, who refused him i buk Glacier, & few hundred feet nominally with hardly any sellers.permission to fly over the State above Camp 3.

1936-07-25 — Page 12

Comments

Private Research Note