1937-02-24 — Page 12

#

$1,860

Banks

H.K. Banks

£113o. (London) ...)

Chartered Banks

Morcantile Bs.A

Do.

Bank of East Asia... 188

N. C. & B. Banka ... Insurances

$310 Canton tusameteos.

$820 Unión Insurances ....

Underwriters

H.K. Fices donare.com|

International Assos, S.

Chipping

Dongleerausko

$1

$995

$4

432

重

135

$36

Do, det.)

142,6 Stella

$10

Waterbosta

Mining

"Steamboats *********

Indos (prof.)

23rd February, 1937

31,855

Time Received

d

P113

B.

3.

2181

9.47

0.47

Ratem

£39

12

DAILY SHARE QUOTATIONS

||

Hong Kong Stock

Carton

Exchange

Sharebrokers'

Association

|Hom

TUESDAY.

Bellera

FEB., 28.

Balsamin.

218

2321

1

HONG KONG DAILY PRESS, WEDNESDAY, FEBRUARY 24, 1937..

H. K. STOCK EXCHANGE

AND

H. K. SHAREBROKERS ASSOCIATION-

Philippine Gold Mining Quotations

20th Feb. "Closing

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION

$80,000,000

Issued & Fully Paid-Up 890,000,000

AUSTRALIA AND CHINA

·Incorporalid by Royal Chártár, 1867

HEAD OFFICE: LONDON.

Paid-up Capital..

Authorised Capital

Reserve Funds;-

Sterling.

£6,500,000

Hong Kong Currency

£3,000,000

Reserve ..

Reserve Fund

$10,000,000

£3.000.000

Reserve Liability of Pro-

prietors

£3.000.000

Reserve Liability of

clos

clon,

Proprietors

$20,000,000

Agencies and Branches:-

9.51. 10.04 10.35 10.38 10,48 11.09

2.40 231

3.10 3.98

3.45

ALOR STAR

ILOILO

MAIGON

Head Office:-HONG KONG

£14

W

AMRITSAR ПРОК BANGKOK

SEMARANG

o d

1.45

Antamoks

1,50

1.55

1.55

$1.20

Atoks

45

16

46

**

1,50

16

45

Board of Directors. Hon. Mr. J. J. Paterson,

***

1310

1690

140 vb.

$300

Baguio Gold

Benguet Consol

Benguet Explor

29

124

981

30

28"

13.75 14.00 137

14

18 20 18

20

J. K. Bousfeld, Esq.,

Miskin, Eeputy Chairman, CAWNPORK

BATAVIA BOMBAY Chairman. CALCUTTA

CANTON

KARACHI KLANG KONE KUALA

AEREMBAN

SHANGHAI

BINGAPORE

JITIAWAN

LUMPOS

**BOURABAYA

KUCHING

„TAIPING-

COU

MAURAB

TIENTSIN

Big Wedge

32

34

A. H. Compton, Esq.,

Coco Grove...

***

78

Mutilated

Hon. Mr. 8. H. Dodwell,

COLOMBO DELEI

MANILA MEDAN

TONGKAR

(Bhuket)

$13

* !

$31

.048

3. T. Johnson, Esq.,

HAIPHONG

Consol Mines

.048

047 .040

HAMBURG

NEW YORK PRIPING

ΠΙΣΚΟΤΟ

$35

Demonstrations

91

90 93

BANKOW

HABBIN

136

E. Mindanao

36

36

371

35

35

149/8

Stu

G. Goldfelds

294 201

32

V

Itogons

1:50 135 1.45 1.55

1,50

1.45

23/-

{. X. L.

1.50

3.45

1.50

1,00

1.45

Masbates

+3

+3

44

1 :

Min. Besources

401

40

414

*

Northern Mining

14 16

IJ

16

15

Paracale Gumaus...

71

0

T73

71

a'd

$108

---

31.85

San Mauricio

3.10 3.00

3.10

(new)

10 cts.

Suyoc Consol

454

45 49

$20

$101

United Paracales

1.20

1.20 1.30

13

Market Comment,

Uncert.

$ S

S

S

S Q

Q

E

Irr. Easter Ensier E

Amoy

Branches:an Iloilo

Bangkok Ipoh

Batavia Johore

Bombay

Kobe

3.00

Calcutta

Canton

Kowloon Kosta

Chefoo

Colombo

Foochow

Haiphong Manila

Hamburg

Muar

Harbin

Hongkew

$13

$100

174

1931

14

22/.

$108

$1.70

20 ct..

320

Sic

BIG

Venozuota Gold Fldm. 37

Docks, Wharves,

Godowns, eto.

H.K. & K. Wharau.

Providents (old)

Do.

H.K. & W. Dook

Shangnal Docks S. New Engineerings.

Lands, Hotels, and

Buldings

H.K. Hotela

Do. 4% Dobentures Shanghai Lands....

Metropolitan Laads..

34.89 .K. eulties...

China Do.........

136)

H.K Lands..........

IUS

416

*

100

Du. Debentures. Humphreys

370

Chinese Estates.......

Colton Mills

$10.30 wod

S'ha Cottons(uld;S

5

136

142

316 198

Da

(DOWS.

>31

Zoong Sings

>

168 $30

Wing On Textile.) 148

$13

14

32

:53

$24

A

$10,80

ad

Public Utilities

Tynways*

Punk Trains (old).....

Da. (DOW)...

Yaumati Ferries

*****

Chins Lights (old). $13.70

$13.31

$83

Star Ferris

$25

8131/8 1.80

Do.

(new)...

HK. Electrica

$70

Macao do.

#10

130

Sandakan Lights

Telophones (old)

China Busus .......

Do.

(Dow

JIL

++

a'd

Tractions.********

25.

37/

Do. (prof.)......

Industrials

319 Callbeck, jord.) 8.

$3.10

31.50

40 cts.

96

prec. 8% prem:

950

Macgregorf(praf.)8.

Canton Ic

Cementa Bope

Miscellaneous

Dairy Farme

Cb. E'tainment.

Constructions, (old)

Do,

Lane Crawford... Nanyang Tobacco...

Sinceres

11!!!

..

8571

PHILIPPINE MINING NEWS

was

The new Santa Monica Veln, veins. A diamond drill is in opera- tion and extensive surface pros- development is continuing with

pecting is being carried out to- excellent results and the shaft has now reached a depth of 75 feet gether with a geological survey of

the property. below the surface.

month of for the Production January at the United Paracale Mining Company was slightly over P120,000. while that of the San Mauricio Mining Company

Construction, work on the new approximately 2241,000, according

mill addition is well along. Pre- to a statement made by J. B. Stapler, manager of the Southern sent capacity will be doubled by this work. The No. 3 400 H. P. Division of Marsman and Com pany, operators of the two pro- Allen Diesel generating set will be installed in the power plant dur- perties,

Development results at Uniteding this month. Paracale have recently improved Foundation work at the smelter while development at Ban Mauricio site is practically completed and is continuing with excellent results, Mr. Stapler said,

Mr. Stapler's statement regard. ing work at United Paracale, Ban Mauricio, Gamaos Goldfields, $11.35 Homestake, and Mother Lode fol-

lows in full.

1.70

$11

UNITED PARACALE Operating routine at the United has Poracate Mining Company

the been perfectly normal and work is progressing satisfactorily. Development results on the 300 level Baluarte, although somewhat disappointing in the early part of January, have recently improved and commercial grade ore is being 48 ota, 1 opened in both north and south 300 drifts Baluarte vein.. $5.90

$131

c d

531

(DOW)

$3.20

34

Watsons******

Wm. Powella.

S. G. Enterprises

Cb.G. 5%1995G.3 Bds.

H.B. Goth 4% Losma

31%

-Do

Wallace Harper H.K Wing On

S'hai Do

Vibro Piling.....

*Sales to Shanghai

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

Hong Kong. Feb. 23. Silver prices were unchanged yesterday, the quotations remaini- ing at 20 1/16 for both Ready' and

$1.70

150 ota.

31

96%

$108

144

$101

181

Á, K. STOCK Н. К.

EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS

Market continues

extremely

In the Longos Point section, the Nos. 1 and 2 shafts have reached the 200 level. Stations have been cut and cross-cuts are now being driven to intersect the two veins which prospected well on the aur- rect.

Sinking below the 200 level has been resumed in the No. 2 Baluarte fshaft, which will be continued to three- level. The main the 400 compartment San Antonk shart has reached the 200 level. Drift- ing started on the vein has open- ed encouraging values.

The power-house is being en- larged preparatory to the Installa- tion of four more 500 B. P. Aller Diesel generator sets, which will also supply power to Coed "Grove, Inc. for the new dredges.

With improving weather condi tions, exploration work on the par- allel veln system is being in- creased with the most important

Forward. Silver advices reported quiet owing to the holiday feeling recent discovery at the Jeff Veini, the market as being steady with prevalling. buyers satisfied.

The Manila market is more or Although several of our shafts

At the Homestake Group, an ex- tensive surface prospecting cam- palgn is under way to more clear- ly define any features of impor- tance. These claims are being sur- veyed.

At the Mother Lode, the diamond drill campaign has been completed. Work will now be confined to adit main crosscut cut the Mother Lode Veln at depth which has been de- fined in strike and dip as a result of the drill holes.

erection will start during the pre-driving the sent month. The smelter steel is tunnel to being fabricated by the Atlantic Gulf and Pacific Company in Manila with the smelter stack by and Honolulu Ernshawe Docks Iron Works. The plant equipment is at present en route from the United States.

OTHER PROPERTIES Development work is being push- ed as rapidly as possible on the Gumaos Goldfields, Mother Lode" and Homestake, properties, which

रा

SINGAPORE RAW RUBBER

H. L. JOSEPH & CO..

Hong Kong. Feb. 23.

are under Marsman management. Messrs H. B. Joseph & Co., re- Several important development ob-ceived the following quotations Jectives will be reached during from Singapore in Straits Currency February.

At Cumaos Goldfields the staff house has been completed and the power plant went into operation. A new barrio for employees has Five tunnels been constructed. are being driven to

cut known

for Raw Rubber:

Spot March

April-June July-Sept. Market: Firmer.

- ו

30: Up i 381 Up t 361 Up 1 361 Up t

J. R. Mason, Esq

K. S. Morrina, Esq.,

T. E. Pearce, Esq.,

A. L Shield, Esq.,'

V. M. Grayburn, Esq.,

Chief Manager.

Peiping Penang Rangoon Saigon San Fran

cisco

Lumpur Shanghai London Singapore Dairen Lyons Sourabaya

Sungei Majacon

Patani Tientsin

Hankow (Johore) Tokyo.

Current

Mukden Tsingtao

New York Yokohama

in

TOKOHAMA

(Peking) KIMBOANGA

PERANG

HONG KUNG KANGOON

FOREIGN EXCHANGE and General Banking Business 'transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for On- Year or shorter periods at rater which will be quoted on applica tion.

The Bank's Head Office in Loo- don undertakes Executor & Trusten business, and, claims recovery of British Income Tax overpaid, on terms which may be ascertained t any of the Agencies and Branches.

A. BREARLEY,

Manager.

Accounts opened Local Currency and Fixed Deposits | 16, received for one year or shorter periods in Local Currency and Sterling on terms which will be quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Let." Hong Kong, 5th Feb, 1937. HONG KONG SAVINGS BANK

HE Business of the above j Tank is conducted by the HONG KONG & SHANGHAI BANKING CORPORATION. Rules may be obtained on application.

For the Hoxa Kora & SHANGHAL

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 4th February,, 1836.

THE

THE CHASK: BANK

||

QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bank offering com plate Foreign Banking BorviOS in the principal Markets of the world.

interest Hates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, Now YORK, with Resources over, U.S. $2,027,000,000.00

D. M. BIGGAR,

Vanagar.

THE. YOKOHAMA SPECIE BANK

LIMITED

AMERICAN EXPRESS (0), Capital (fully paid up). Jezik

INGA

Incorporated with Limited Liability in USA.

Head Office: 60 BROADWAY, NEW YORK

Capital

Surplus ...... Reserves

U.B.$6,000,000.00 U.B.$2,240,344.38 U.8.8 897,612.65 Amsterdam The Hague Montreux Antwerp

Hamburg Munich Athena Basle Berlin Bombay

Brussels

Cairo

(British Wirelem Service)

Feb. 20.

Feb.

Geneva

Parla

105-8/64

105 9/64,

Genos.

Genera masovaní Berlin

21.431 12.16

21.44

12.18

93

93

Athens

Milan...

Copenhagen

Stockholm

Shanghai

New York ............

4.882

Amsterdam

8.942

'4.89 5/16

8.93

Vienna Prague Madrid

where a strong shear zone shows interesting values.

Lisbon

Hongtrong

Bombay

29.021

4.891

29.02 4.891

The London-New York crossless unchanged with in easy ten-are in close proximity to the sea rate was quoted at 4.89 1/4. The dency. New York-London market closed yesterday.

Steady.

MARKET

STERLING

was

Opened with sellers at 1/2 20/32 up to June, leading to business at business at 1/2 15/18 for near de- livery. The market closed with 'sellers at 1/2 29/32 February-July, buyers at 1/2 15/16 for any de- livery.

+

U.S. DOLLARS Business was done during the course of the morning at 30 7/18 for near and 30 3/8 July. The. market closed with sellers' at 30 3/8 February-May and 30 5/16 June-July, buyers at 20 7/16 for any delivery

SHANGHAI DOLLÁRS Business was done early in the morning at 102 3/8 for cash. There were sellers at 102 5/16, buyers at 102.3/8 for cash.

SHANGHAI, MARKET. -

SELLERS

Bank of East Aala, $85. Douglases. $32. Rauba, $13.

H.K. Hotels, $51. Peak Trams (Old), $4, K.K: Elèctrics. 3971, Dairy Farms, $231. S'bal Cottons (Old), Shis100. Shal Cotton (New), Sh.$75. Constructions (New), 40 cts. Vibro Pling $6. Marsmans (B.K.), 10/-

BUYERS

H.K. Wharves, $108) Cements, $11.

SALES Hong Kong Banks, $1,800. H.K. Hotels, $13.30. China Lights (Old), $133/80. : Chinu. Lights (New), $10.80.

with levels extending under the river in certain sections, we have no unusual quantities of water to handle nor hate we ever ex- perienced any difficulty in keeping all the workings unwatered. Pro duction for January was slightly over P120,000.00.

SAN MAURICIO

Naples

Harana Havre Nice

Yen 100,000,000 00 Reserve Fund. Yen 130,000,000.00

HEAD OFFICE:—YOKOHAMA

"BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hainking Rio do

Janeiro Batavia Karachi Berlin

Francisco Bombay Calcutta

Kobe London

Бад

(Dainy) Nagasaki Singapore

Los Angeles Seattle

Canton Manila

Semarang

Dairen

Moji

Shanghai

Heidelberg Parii

latertaken Peiping

Fengtion Nagoya

Soarabaya

(Makden) New York Sydney

Hamburg Osaka

Tientsin

Hankow Otaru

Takyo

IIarbia Pari

Tsingtao

Tinkow

Monte

counts.

,,

Deposits received

for

IL

Y. KANO,

Fixed

LONDON EXCHANGE RATES

20-1/16 31% 1011

Bank Bills on demand 619- Credits, month's sight 674

Jerusalem Piraeus Liverpool Rome

Calcutta London Betterdam

Cannes

Lugano Shangbai

Singapore

Colombo Lucerne

Copenhagen Lator Southampton Deblin Manila Tientsin Edinburgh Marsailles Venice Florence Milan Vienna

Glasgow

Tokohama. Carlo Zurich Montreal

Branches of American Express Company in Principal Cities of United States of America and Canada.

investment

All classes of Commercial Bank. ing Transactions undertaken.

Fersonal

accounta handled.

The Company offers to intending travellers the use of ita "Travelers Cheques" and Letters of Credit and in addition the world wide services of its thoroughly equipped Travel Department.

E. W. DUGGAN, Manager.

CABLE RECEIPTS The yearly return of the Eastern

Extension Australasia and China Telegraph Co., Ltd, shows a mark- ed increase in the average' cable receipts, the figure of 85.8.per working day being recorded for January-1937 as compared with 71.2 for the same period last year.

REICHSMARK RATES

Berlin, Feb, 22. Reichsmark quotations without guarantee:

New York

Amsterdam (low)

Hong KongPeiping

Interest allowed on Current Ac

Periode at rates to be obtained on application.

Manager. Hong Kong, 1ota Nov., 1938.

BANK OF FAST ASIA. LIMITED.

Authorised Capital...$10,000,000.00 Paid-up Capital 5,598.600.50 Reservo and Undivided

Profita

-part d

*****... 1,885, 395.59

HEAD OFFIHore Koso No. 10, Des Tax Road, Central

Boar'2 by Directory & 1428ir Bhonson Chow Chairinan Li Koon Chun, Faq. Li Fan Bing, Esq. F. K. Kwok BigWong Chußon, Req. Wong Yun Tong, eg, Kam Ying Fo, Esq. Chan Ching Chek, Esq.

Kia The Ro. Hi Chi Manager. LA The Fong, Rag, Manager.

Branden und Agencies par Lat

Kowloon London Amor

Bombay, MAMTA E

Penang 2-, Boursosye

Malboro PYD- Takboku

Kakkar ka Honoi

Parka Bhangh

Every description

and Exchange Business tra Loans granted on-approved

securities. *865

Current Accounts opened Local Currency and Fixed De posita received for one

tharter periode in Loestand. Foreign Currencies on terms which will be quoted on application: Rafe Ileposit Boxes To Les

KAN TONG PO

OWef Konape

Montreal Brusselá Yokohama Belgrade Monte Video

م

Bucharest

Bilver (forward)

Bitter (spot) War Loan

20-1/18

Closing Quotations

February 12, 1837..

O NEW YORK : —

*

Bank Bills, on demand 301 Oredita, 60 days' zight. 30) ON-BATETTA

On demand

ON LONDON:

Telegraphic Transfer... 11/2 Bank Bills, on demand 77/32 Oredits four months'

1/2 1/32

San Mauricio continues with"] above average production, ship ping approximately P1,000.00 for January. The recovered value per ton was P58.00. Development re- sults are quite satisfactory, espeel- ally on the 440 level borth drift and the Brooklyn Vein split on the 200 level. This vein split is developing substantial tonnages of of average grade ore.

Sinking has been resumed. In the operating shaft below the 400

The new main three- İst comparatment shaft has been sunk to the 200 feet point and will On demand Se contine 200k pointed or

level:

era at 1/2 19/32 Cast. U.S. Dol: Steady. There were sellers of Lara, sellers at 29 11/16, buyers attore connecting with the Ban Sterling at 1/2 5/16 for choc, buy-29 374 for cash.

Mauricio workings,

Paris

.10.23

ON

SHANGHAI ?—'

On Demand

10t

ON BAIGON

E

73.60

Ox

Sinqarogs: -- On dmiand On JAPAN:

On damand

64

ON MANILA USTA

On demand

Amsterdam (high) London

73.55

12.16

BO

100.

On Biwaba

Paris (sterling) (low)105.12 Paris (sterling) (high) 105.14

U, B. Dollar (low)

21/485

Telegraphic Transfer... Bank, on demand..

U. 8. Dollar (high)

21.458

BAL BILYUR,

20 1/16

Transocean News Service.

Tokyo

Vancouver Tokekama