4
S.S. "BENNEVIS"
ROTTERDAM,
Sailing for LONDON, ANTWERP. HAMBURG and LEITH on or about the 9th March.
Cargo will also be accepted on through Hill of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN
S.S. * BENNEVIS
22nd Feb.
For Freight and Passage apply to 1-
W. R. LOXLEY & CO., (CHINA) LTD.,
Tel.
22633.
York Building. Agenta:
THE BEN LINE STEAMERS, LTD.
THE TAIKOO DOCKYARD & ENGINEERING
COMPANY OF HONGKONG, 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., Winterthur.,
Licensed To Manufacture Lanz Perlit Iron, Specially Suitable For Internal Combustion Engine Working Parts. DOCK & SLIPWAYS.
FOR DOCKING VERY LAROE AS WELL AS SMALLER VESSELS,
ON ANY TIDE.
ALL CLASSES OF SHIP, ENGINE AND BOILER
REPAIRS AND EXTENSIVE
WELDING, BOTH ELECTRICAL AND OXY. ACETYLENE SKILFULLY AND PROMPTLY
CARRIED OUT. ·
BUTTERFIELD & SWIRE, Agents, -
HONG KONG, CHINA 4 JAPAN.
TEL ADDRESS: "Tasroobook," HONG KONG. Telephone: 30211
CALL FLAB "Nomural One "Üter " PannART ÅNK”
PHILIPPINE MINING
NEWS
somewhat
The following statement regard- "As regards actual development, ing the United Paracale Mining the ore snoots on the upper horizon Company has been prepared by the
at San Antonio and Balurte veins board of consulting engineers of tend to become shorter on the 300 Marsman and Company, managers | level which is
dis of the property, and was released appointing in that we have been last week:
unable to build up ore reservs as "Due to persistent and prevalent fast as anticipated, Notwithstanding rumours unfair and prejudicial to
this ractor and the fact that the the United Paracale Mining Com- mine has been under development pany, it is deemed pertinent at this for only two and one half years time to correctly inform the direc- | during ́ more than half of which tors and shareholders of the true periud we have had to furnish ore status.
to a mill dret of 120 tons capacity "One of the mast persistent per day and later 320 tons capa- city, we have been able to build up rumoura is to the effect that the ocean waters have invaded the
a positive and indicated reserve mine and flooded the levels below
sutelent to operate our mill at its sea level. This rumour is entirely present capacity for two years; a unfounded and can never be true, period more than sufficient to en- The veins at United Paracale occur able us to develop greater reserves in a granite batholith of wide both on present development and extent. Granite normally is on development now under way on practically impervious to surface other veins, waters. At Paracale the granite.
"It is a pertinent fact that this due to heat generated at the period has been accomplished on three of intrusion into the overlying veins only: the San Antonio, Ba- rocks, has been highly metamor-luarte and Haliguing Bato systems, phosed into a granite gneiss which and these have not yet been de- is even more impervious to water veloped along their whole length of than the unaltered granite. Even the overburden consisting of fer- ruginous clays resulting from the breakdown by weathering and oxidation of the gneiss and schists Ia highly impervious to rains and surface water.
strike. A drilling campaign is now under way to explore these veins to a depth as great as twelve hundred feet vertically below sea level to indicate other pay shoots at lower horizons.
HONG KONG DAILY PRESS, WEDNESDAY, FEBRUARY 10, 1937.
THE EXCHANGE.
MARKET
MESSRS. ROZA BROS.
Tuesday, Feb. 9. Silver prices dropped 1/18 yes- terday for both deliveries, the quotations being 20 for Ready and Forward. There was a little sell- ing but the market closed aljady, After the omcial fixing
A small business was done at the fixed rates, American Silver was quoted at 44 for Spot.
The Londob/New York cross- rate was quoted at 4.891. Naw York/London was quoted at 480 13/32.
MARKET
NEW YORK STOCK EXCHANGE
(Through Router's Service:
New York: February R.
tr
QUOTATIONS
New York/London Cross-rate New York Cotton-Mar. New York Rabber—Mar. Chiongo Whoat-May -May Chicago Corn Silver Official
Stocks
Adams Express
Quiet. Steady, at the slightly Allis Chalmers...... 78 lower level.
Amer. Can .......................... 108) Am. Car & Foundry Amer. Cyanamid
STERLINI
A small business was reported carly in the morning at 1/3 15/16 for cash.
There were sellers at 1/2 29/32 February/August. buyers at 1/2 15/10 for any delivery.
U.S. DOLLARS
Nothing doing. There sellers at 301 February/May and probably June, buyers at 30 7/10 February/June.
SHANGHAI DOLLARS
A small business was done at 102 3/16 for cash. There wexe
sellers at 102. buyers at 102 $/16 Baldwin Locomotive
for cash.
SHANGRAY MARKET There were sellers of Sterling at 1/2 19/32, buyers at 1/2 for Spot. U.S. Dollars, sellers at 29, buyers at 13/16 for cash.
IN THE AFTERNOON
The market afternoon.
was dull in the
In Sterling no business was re- ported. finishing with sellers at
1/2 29/32 February/July, buyere at 1/2 15/16 for and delivery.
U.S." DOLLARS.
Boeing 'Airplane Borden Co. Briggs
Change
Leat Today' High Low Close Close
4,89-11/32 4.83-13/39 1/18 up 13.59 19.53' 1204–1253 .09 oft 21.69 91.49 1.50 91.55 06 up
135, 1337 134 135
ap 108 107 107 109? 21 up
443
Feb. 8.
unchanged
High Low Close Change 188 66 180.68 187.82 71 ap
58.35 87.45 57.80
.61 up
דיי
13
MARITIME
STRIKE ENDED
Passengers holding reservations are request- ed to communicate immediately with us to confirm bookings. Persons intending to travel this spring or early summer are advised to arrange bookings immediately.
Importers may instruct shippers to restime forwarding via American Mall Line or Dollar Line.
New schedules will be announced in a few days.
•
DOLLAR STEAMSHIP. LINES AMERICAN MAIL • LINE *
12, Pedder Street
CANTON BRANCH-21, French Concession, Shameen.
STEAMER "BE BAR.”
ANRIVID HONG KONG ON
· 8Ță FEBRUARY, 1937.
FROM ANTWERP, LONDON, GIBRAL- TAR. MARSEILLES, MALTA, PORTSAID, ADEN, COLOMBO
AND STRAITS,
ONBIGNEES of Cargo, by the above-named Vessel are hereby in formed that their Goods are being landed and placed at the use in the Bong Kong and Kowloon Wharf and Godown Company's Godowns at Kowloon where esch Consignment will be sorted out Mark by Mark and Delivery can be obtained as the Goods are larded.
1936
Dow Jones Averagos
So Industrials
20 Raila
20 Utilitie
40 Bands
Low Feb. 6. 143.11 187.11 80.48. 40.88 57.99 37.78 28.23 35.11 106.01 98.92 104.78 11 Commodity Index 81.57 55,58 76,43
High 188.04
35.41 36.66 35.08
104.84
.03 up .ou ap .70.72 .30 up
Business Done: -2,990,000 shares.
Last Bala
Last Sale
Feb 8
171
8
Stocks
Feb 6 $
18 --763
Great Northern Riy. 471.. Great Western Sugat 307
47)
381
106)
Holly Sugar Corpn.
Humble Ol ་*་ཨཽ་བ་ར་ཙི་ 86
88
331
33
Int. Nickel ...
·65
65
were
Amer. & For. Power · 11 Amor. & For." $7 pf. 633 Amer. Locomotive ...
57 Amer. Metals ......... 627 64 Amer. Radiator..... 20 Amer, Rolling Mill.. 341 35 Amer. Smelting .... $4 932 Amer. Steel Fdries. 091 Amer. Sugar ........... 52 Amer, Tel. & Tel... 1821 Amer, Tobacco "B". 984
7213
Int. Tel. & Tel.......
124 13
633
Int. Dept Stores
327 32
573.
Kennecott Copper
503
603
Lambert Corpa, .... 22
23
20
Loew's Inc.
774
Lorillard
27
281
Mcintyfe Porcupine
891
McKesson & Robbins 461
46
52&
Monsanto Chemical 934
937
182
Montgomery Ward...
584
50
99
Murray Corpn.
10%
10
Amer. Waterworks. 251
25
Nat Cash Registor
361
36
Anaconda Copper
547
55%
Nat Dairy Products 241
257
Atchison, T. & S. Fe.
742
76
Na Distillers
272
281
NOTICE TO CONSIGNEES,
Atlantic Refining
34.
344
Nat Power & Light 131
124
Atlas Corpn.
177
171
New York Central...
PENINSULAR AND ORIENTAL-
44
437
STEAM NAVIGATION - Co.'s
Auburn Motors ...... 331
331
Niagara Hudson P.
Corpn.
16
153
$7, cum. pf...... 1184 Baltimore & Ohio... 242
117
North American
301
304
251
Northern Pacinc .....
291...
30
Barnsdali Of ........
831
85
Pacific Gas & Elec. 34
34
Bendix Aviation ..... Bethlehem Steel
Paciac Lighting
HELT
481
48
613
931
Packard Motors
11t
114
437
451
Paramount 27
264
271
Pennsylvania R.R. 43
43+
►
Mfacturing 571
571
Phe ps Dodge .........
Brooklyn-Manhattan
Phillips Petroleum .. 55
50
Trans
182"
481
Public Service of NJ
51
51
Brooklyn Manhattan
Pullman Inc.
701
701
$8 cum, pf. Case. J.I
1001
1001"
Pure Ol....
234
231
1734
175
Radio Corpo of Am. 114
12
Canadian Pacific
184
17
Republic Steel
347
351
Celanese Corpn. of
Reynolds Tobac, "B"
56
56
America
291
201
St. Joseph Lead Co.
Cerro de Pasco...... 69+
691"
Schenley
.44
441
The market closed with sellers at 30 3/8 February/June, buyers at 30 7/16 for any delivery,
Certain-Teed P'ducts 202 Chesapeake Corpn. 78 Chesapeake & Ohio 68 Chrysler Corpn. ..... Columbia Gas & El 178 Columbia 6% "A" pr. 1013*
211
Schenley 51% pt.
971"
974
772
Sears Roebuck
861
86
667
Shell Union o
· 191 · 193
1273
1281
Soceny-Vacuum
201 ****
291
171
Southern Cal Edison 501
501
1001
Southern Pacife.... 33
341
653
Southern Riy 5% pf. 58.
501
Commercial Solvents 193 Commonwealth & 8.37 Commonwealth
201
Stand Branda
16
16.
+34
Stand Gas & Elec. 12 Stand Gas đi TIỆC
12
cum. pf............... 841
65
$7 pl.......
55
Consolidated Elson 451
45)
Standard Oil of N.J. Tij
55 711
Consolidated On
161
164
Sterling Products ...
711
721
it
Continental Onl.......
447
447
Swift International 317
314
Corn. Products
68)
687
Technicolor
201
21
71
71
Texas Gulf Sulphur 40
41
212
Tidewater Assoc. Oli 211
21++
52
52
Timken-Detroit Axle 273 Transamerica
28
161
17
121
123
20th Cent. Fox Films 354 20th Cent. Fox Filmns "
361
241 242
pt.
44
444
70
717
Un. Carbide & Car-
Hong Kong, 6th Fab, 1337....
1731
1742
bon
·100
1054
127
131
241241
Un. Pacific
131
133
United Aircraft
30$
32+
on" Airline THỊ
781
78
22+
port
22+
United Corpn.
71
7
861
United Corp. $3
Elec Power & Light 224 22) Elec Power & Light
$7 pf. Firestone Tire & R. 45) Flintkote
45
441
Un. Gas Tprovem't '15
151
35+
301
Un. Light & power
441
"A"
37+
371
U.S. Industrial Alco-
481
471
bot
41
421
621
621
UA. Rubber.
552
571
44
44
UB. Rubber $8 pf. 963*
981
68
661
U.S. Steel
982
101
61
83
Vanadium
334
334
Warner Bros Pict....
16
15
251
Westinghouse Elec. 158 Youngstown Sheet
1581
15
15
331 354
83** 841 351 38
& Tube 827 Chase National Bk. 58 National City Bank 534* Call Money
1%
831 59
531*
1%
SHANGHAI DOLLARS.
Sellers at 102 1/8, buyers at 102 Commercial Credit 451
1/4 for each.
$
BASLE BANK MEETING.
Baale, Feb. 8. The following communique was issued after the meeting of the Governing Body International Settlements.
"In view of he alteration of the
of the Bank of
position and status of the Reichs- bank, mentioned in the Reichs- char ellor's speech on January 30, it can be stated that this in no way means that the Reichsbank Pre- sident or the other German mem- bers of
the governing body will TeRign." Transocean News Service.
GERMAN INTENTIONS
Basle, Feb. 8. The Governors of the Bank of International Settlements met this morning.
Curtiss Wright (C) Curtiss Weight "A" 21 Delaware & Hudson Del Lackawanna &
Western Distillers Corpn Bea-
grans Douglas Aircraft ..... Du Pont Electric Boat Elec. Bond & Share Elec. Bond & Share
$5 pr.
Elec. Bond & Share
$6 pt......
Jeg** * ** *58*8. € e
Cien, Asphalt ... Gen. Cigar .... Gen. Electric Gen. Fooda. National Gen. Motors
Gen. Hallway Bigna! Gillette Bafety Razor 201
Hidden Gold Dust Goodrich (B.F) Goodrich 35 på. Goodyear
Following the session a state- ment was issued denying that the
of German Minister Economy, Dr. Hjalmar Schacht. had declared Germany's intention the Reichsbank and the Bank of of discontinuing relations between
International Settlements,
The commufque also confirms. that Dr. Schacht and other Ger- man members are remaining the Board of the Bank
Reuter's Bulletin Seresen.
on
"We are continuously conducting exploration and development work on several others very strong
Financing British Films
Attitude Of The Banks
Optional Goods will be landed here anles Instructions have been given to the contrary Six Hours before arrival of the steamer.
Goods not cleared within 8 days in cluding date of arrival will be subject to reat.
†
NORDDEUTSCHER LLOYD BREMEN.
THE Motor ship
"SAALE"
having amved from BREMEN, HAM- BURG and Porte, Consignes of cargo are hereby notified that their cargo la being landed at their risk into the Go downs of the Hong Kong and Kowloon Wharf and Godown Co., Ltd., Kowloon whare Delivery can te
e obtained. Consignece are further notified that the Motor abip "BAALE" bas taken at HAMBURG & BREMEN through cargo for HONG KONG
8.5. 8.8. LIBX
88. "MERONE" from
CADIZ BERGEN, ODENSE and STOCKHOLM.
All Goods' remaining undelivered after the 18th Feb., 1987, will be subject to Kent.
No Fire Insurance will be effected by 18 in any case whatever.
Damaged Packages must be left in the Godown for examination by the Cen sigasse sad the Company' Surveyor, Messrs. Andarion & Ashe, at 10 am, No Fire Insurance will be affected be
on the 15th Feb, 1957, us in any case whatever.
Consignees must hav
have a Baronne Damaged Packages must be left in Officer; in attendance when" daniaged the Godowas for examination by the domain 500 extend
are otsmined by the Consigused, and the Company's surveyors, Company's
GODDARD
will be admitted after the
PARD & Douglas, at 10a.m.
on Mondays and Thursdays, within the Free Storage period.
Consignees are specially notified that necessary for Revenue Officer to be present at the examination of damaged
cargo.
datiable car
All Claims against the Steamer must be
presented to the Undersigned on er before 26th Feb. 1937, "or they will not be recognised
No Oime will be admitted after the Goods hava laft the Godown, MACKINNON, MACKENZIE & Co.,
Agents,
Но
دنمان
Goods have left the Godown and all claims must be presented within Two Weeks of the Ship arrival here, after which date they will not be recognised. their Bill of Lading to the Undersigned Consignees are requested to surrender for Countersignature.
MELCHERS & 00.,
Agente: NORDKORE EROTO, BREMEN, Hong Kong, 9th Feb., 1997,
[6091
[6015 NORDDEUTSCHER LLOYD
BREMEN.
SERVICES CONTRACTUELS DESTE Steamer
MESSAGERIES MARITIMES
CONSIGNEE NOTICE,
8.S. ERIDAN" 0'A/37. BRINGING CARGO FROM MARSEILLES, via Porta, eto.
ARKITED HONG KONG or SUN- DAY, THE 7TH FEBRUARY, 1937,
"STUTTGART " having arved from BREMEN, HAMBURG and Forte, Consignees of Cargo are hereby notified that their cargo is being landed at their risk into the Godowns of The Hong Kong & Kowloon Wharf and Godown Co, Ltd., Kowloon, where delivery can be obtained.
Consignees are further notified that the Steamer "STUTTGART" has
taken at BREMEN through cargo for HONG KONG er 8.8. EIZOTRA from GOTHENBURG.
All
JUNSIGNEEB are hereby informed the lands remaining undelivered after
of Opium, Treasure and Vainables are being landed and stored into the Go downs of Hong Kong, Kowloon Wharf Godown Co., Ltd., Kowloon, whence delivery may be obtained immediately after
landing
All claims must be sent in to me on or before the 17th Feb; 1937, or they will not be recognized.
Agent.
(5016
Feb., 1957, will be subject NO FIRE INSURANCE will be effected by us in any case whatever.
Dabinged packages must be left in the gpdown for examination by the con- ignees and the Company's surveyors, Messes. Anderson & Ashe, at 10 am, on the 15th Eab., 3937,
MELCHERS & CO....
bar Ágenta: NORDDEUTSCHER LLord BraKÉJ, Hong Kong, 9th Feb, 1947.
[soug
Consigne mist have a Revenue in attendance when damaged Damaged Package will be exexuined dutiable goods are examined by the is their policy to distribute finance by the Company Surveyor, Messrs Company's surveyors. over a great many industries, and Goddard &. Bought in the presence of: No cisim will be admited after täie ""The Longos Point vein system
British fims have already had the Consignees at 10.00 a.m. on Satur. goods have left the godown and all "The only possible sources for only now reaching a point where
their full share. The banks are,
day 13th Feb., 1987,
claims must be presented within Two "entry of water into the mine are drifting can start along the' three
Consign must have a Revenue Werks of the ship's arrival bore, after therefore, not particularly anxious Officer in endance when any datiable which date they will not be recognised. along the veins themselves through known veins to develop ore indicat-
to advance money unless the cause goods are examined by the Company's their Bills of Lading to the undersigned Consignees are requested to surrender small zones of weakness developed | ed by diamond drilling.
A report that two of the "Big
is a good one.
¦ Surveyors, by faulting after, vein filling. Water The San Autonto crosscut South features with encouraging showings Five" banks had refused any more "Suggestions that some of the us in spy case whatever.
No Fire insurance will be effected by for countersignature. therefore has never been a problem is being driven as rapidly as pos- and have reason to believe that
money for British film making, underwriters concerned will not at United Paracale; the maximum gible. This crosscut has already future work should make it pos" while not strictly true, is sympto be able to sustain further losses
R. OEL, flow at any time being less than cut the MacDonald number one sible for United Parscale to con-matte of the alarm generally felt are not sound, as almost all the in- Hong Kong, 7th Feb., 3917. 400 gallons per minute. Pumping lode and this is being drifted on
tinne operations for many years.
at the serious, over-financing ofsurance has been done with very facilities in the mine are sufficient both East and West and ore is be- Mill, stan batidings, shops, British production.
| large companies. Nor are there to handle up to three times this ing stoped on this feature now. hospital and all necessary adjuncis The usual procedure is for a companies seriously affected by quantity of water. At all blaces Ahead on this crosscut we have to mining and milling operations fim company to borrow money the collapse of a film company: where the work extends under the through surface outcrops, ancient have been completed in excellent from a bank, the latter insuring the procedure is to appoint a re- river or ocean great care is exer-workings and our own exploration shape and every requisite is present the return of its capital with an ceiver, who finishes the dim and clsed to leave sufficient untouched three more known features: the for a successful and continuing underwriter at the 'fim concern's spes the directors for the amount
Paris, Feb. 8. ground overhead to obviate any MacDonald number two and num- operation. We feel that rumours expense.
spent in so doing.
The statement of the Suez Canal possibility of water breaking her three and the Maquina lode, all are circulated with a malicious
NO REFUSALS
"Nevertheless, the absurd over for December 1836 shows that the through into the mine workings. | strong fractures showing extensive intent to depress the United Para-
A prominent official in one of confidence which existed in the total tonnage of ships passing Many mines throughout the world work by the ancient miners. These cale stocks for personal gain and the largest insurance firms doing City, last year is fading, and it is through the Canal in December work and develop under conditions will all be cut within the next that no reason exists for loss of this type of business stated: "None going to be increasingly difficult was 2,825.000 tons, which is an in- similar to Paracale in perfect thousand or twelve hundred feet confidence by any shareholder in of the big banks have actually re- for companies which cannot prove crease of 139.000 tons as compared safety as rewards any danger from and we anticipate ore on each of the present or future operation of fused categorically to lend money a good prospect of profit to obtain' with 1936- excess water.
these features.
United Paracale."
for dim production; nevertheless it finance.
SUEZ CANAL TRAFFIC
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