Buy
IZ
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
FRIDAY. MAY. 21.
Sharebrokers
Association
Balları
Buyers
Salom
Baaka
$1,875
207
£33).
£18)
20th May
Head Omce: HONG KONG
Board of Directors,
G. Miskin, Esq.,
ALOR STAR ILOILO AMRITSAR BANGKUK DATAVIA
Chairman. BOMBAY
Hon. Mr. M. T. Johnson,
Deputy Chairman
J. K. Bousfeld, Em.. A. H. Compton, Esq., S. H. Dodwell, Esq., J. R. Masson, Esq.,
K. S. Morrison, Esq..
Hon. Mr. J. J. Paterson, T. E. Pearce, Esq.,
A L. Shields, Esq.,
Sir Vandalour M. Grayburn,
Chief Manager:
San Fran
.cisco
Lumpur Shanghai
Singapore Sourabaya
Hamburg Muar
Pataui Tientsin
PENANG..
HONG KONG RANGDON
FOREIGN EXCHANGE and General Banking Basiness transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on applica tion.
The Bank's Head Office in Lon don undertakes Executor & Truston business, and claima recovery of British Income Tax overpaid, on. terms which may be ascertained at any of the Agencies and Branche.
R. W. ROBERTS,
Manager.
$1,8001
€1174
Els
833
103
H.K. Banka
Da (London)
Chartered Banks...
Mercantile Bks "A"
Do.
C
#12
Bank of East Asin. 193
N. C. & S. Barks... Insurances
Union Imurandos ...
$318
Canton laxarangon..
1022)
$1.85 $120
Underwriters
...... 11.80
H.K. Fires
International Assos. 3.
Shipping
$361
Douglaata
19
Steambts
$50
Lace Chinas (prot.)
150
(def.)
13
Shells......
$0.45
Waterboats
Mining
21/
Kailana
$13)
Haubs
$2.15
29
$190
130
7.30
H.K. Hotels
$351
$35+
Venezuela Gold Fida.
Dock, Wharves,
Godowns, etc.
H.K, & K. Wharvu.
Providents (old) ...
Do. (new) 20 ots.
K. & W: Dooks 123.65 Shangnai Docks S.
$3 Now EngtuseringsS.
Lands, Hotels, and
But des
H.K ·Landa...........
!!
::
11:
⠀⠀⠀ ⠀ dio u⠀⠀**
12+
Id
$310
Antamoks
Closing Rates
"
E. S.
clos
8.50 0.30 9.54 10.08 10.20 10.33-10.48 11.07
1,03 1.00 1.10 1.00
HONG KONG DAILY PRESS, SATURDAY, MAY 22, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS ASSOCIATION
Philippine Gold Mining Quotations
21st May, 1937
Time Received
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
AUSTRALIA AND CHINA
Authorised Capital... $50,000,000 Incorporatal by Royal Charter. 1853 Issued & Fully Paid-Up $20,000,000
Heserve Funds:-"
Sterling
Hong Kong Currency
"
Reserve........$10,000,000 Reserve. Fund
1620
Atoks
$280
Baguio Gold
884
20
30
281
18 18 19
*
Benguet Consol
10.30 10.20 10.50 10.50
Benguet Explor
oitb
10
*538)
$9
Hig Welge
21.
901
21+
$35
103
Coco Grusg, ...
500
50
26
51
Consol Mines
... .032
.022 .023
49
Demonstrations
મ
63 GO
66
E. Mindanao
12
2} 22-2
20/0
G. Goldfields
12
11A 194 12
13
$121
10
Itogons
20
85 99
LX L
66
67 68
60
70
£ 6,500,000
HEAD OFFICE: LONDON.
Paid-up Capitat.
... £3.000.000 £3.000.000
clos.
Reserve Liability of.
Proprietors
Reserve Liability of Pro- prietors
'£3.000.000
..$20,000,000
3.33
2.48 3.06 3.18
3,16
Agencies and Branches-
IFOR
BAIGON SEMARANG
KARACHI
SEREMBAN
301
༅། ! 「 ༑ |╚རྞྞ་ོན
CALCUTTA
ני
CANTON CAWNPORE CKB COLOMBO DILEI
KLANG KURK KOALA
LUMPUR
BBANGGAL
ВІНСАРОДИ
SITIAWAN
SOURABAYA
KUCHING MADHAS
TAIPING
TIENTLY
MANILA
TONGKAR
-MEDAN
(Bhuket
HAIPHONG
NEW YORK
TEINOTAS
HAMBURG HANKOW
PRIPING
(Peking)
YOKOHAMA
AMBOANGA
KARBIN
Masbates
254
254 26
20
"
$121
Min. Resources
23
22
23
23
23
$2.30
Northern Mining
073
07 07
Amoy Bangkok Batavia
Branches: Iloilo
Peiping
[pob
Paracale Gumaus
Johore
301
32 30
34
36
$101
Sar. Mauricio
1,75
1.75 1.80
1.86"
Bombay Calcutta
Kobe
Penang Rangoon Saigou
Kowloon
.3
Suyoc Consol
34 30
331
35
34
34
Canton
Kuala..
United Pamenlen
59
40
Chefoo
60
Gi
50
61
Colombo
London
Dairen
Lyons
****... 87.15
87.20
Market Comment.
$
F
F
F
S Q S
S S
SV.S'dy S S F
Foochow
Malacca Sungei
105
D. 4% Debentures!
135 *Sto
Haiphong Manila
115
18.05
$6,05
$4
China Do
180
Do. Dovolituross.
Shanghai Landa...
Metropolitana Lands...
11.K., Bealues....................] $3,00
Humphrys ...
19.30
280
Chinese BatƏLƏN,
."
Cotton Mil 2
$16
Ewon
3117
Shai Cottons(uld;3.
192
Do. (DOWS.
331
Zoong Singe... S.
161
Wing On Textiles(2.)
140
Public Utilitiam
$14.80
Tramways LAN
246. 312
184
Star. Ferna
Pook Trains (old) .....| HI
Do. (new)...] lii
31
$18
Yauausti Forrins....
#14.15 $14.30 $14.20)
China Lights (old)... $14.15;
$12.90
Du
(D0W)...]
сг
cd
$16.80 $19.
a d
463
$30 $84
$14.50
14.995
|814,20 |
184 3:8
$14
1.45
1. Til
B
1,00.
.IL
:
100t 18
H.K. Electrice ...... 1604 | 860.80
Macao do.
Bandakan Lights...
+20
Telephones (old)
$11.80
IL.BO/.90
Do. (now)
$11/
China Bucs.....3.
27/0
Tractiona
3291 $18
261.
#7/-
Da.
(pret.)...
$10
Industriala
Caldbeck, hord.) H.
$17 Macgregorƒ(pref.}8.
Canton Ica
Cements
Kopes...........
Miscellaneous
$24.90
$14
39
37
$2.40
the
ore
Was
$3
it
Jbx
coast
$108
3101
smeltered and refined.
780
Vibro Piling
100
***** $4.95
6/
40 eti
Wm. Powella
(HI.K.)
.0826
12
.67
Paid-up Capital ...
.915
Reserve and Undivided
Profite
5,699,600 00
2,778,726.70
2
.004
-HEAD OFFICE:-HONG KONG No, 10, Des Voeux Road, Central.
Berlin Bombay
Calcutta
Canton Dairen
15.10 $10
$6.90
45 cts
$4.80
* NATU
1251.
Dairy Farme
14.70
Ch. 'tainments....
19.60
$5,55
Do.
Warsons
$15
$15.10) 916,30)
-16.2)
$1.80
Constructions, (old)
1) ota. Nauyang Tobacco...
10.80 Lane Crawfords...
Sinceres
&C. Enterprises...
987 Ch.G.519/50.Bda
Govt 4% Loaur!
31%
EK Wing On 12!
Shaj Do.
FITDIL.
મ
pr m. x
$60
Wallace Harper......
2010 Maramans Inv. (Lon:)
HTTIS
*Sales to Shanghai
LONDON EXCHANGE RATES
Paria Geneva
Berlin
Athens
Milan
Copenhagen
Stockholm
Shanghai
New York ..
MODERN COPPER
MILL
New Manila Venture
MANILA STOCK EXCHANGES
The following from the Manila Stock Exchanges have bean forwarded exclusively to "The Daily Press" by our special repre- sentative by arrangement with Messrs. L. R. Nelson & Company, brokers of Manila and Hong Kong:-
The first modern copper con- centrating mill and by far the Acoje... largest of its kind in the Far East Agno Cuna, will be operating within sixty days Amalgamated Minerals..
Arisan... according to a report just issued
Ambassador by officials of Nielson & Co., Inc.,
Angelo managers of Lepanto Consolidated Antamok Mining Co., writes our Manila cor-Associated Mines. respondent.
Atok
Baguio Gold.... This is the largest known copperBalatoc and gold mine in the Islands and
Hatanga
is located in the sub-province of Batong Buhay.
Beuguet Consolidated. Exploration...
Lepanto, Mountain Province, an- Benguet proximately 106 kilometres north Big of Baguio and about 8 idiometres Bued from Suyoc Consolidated.
Fot many years prior to Ameri- can occupation in the Philippines this mine was worked by Chinese companies and later by the Span- ish. One Spanish company erected a smelter on the property, about the middle of the 19th century and the copper was carried to the coast, some 200 kilometres away by car- gadores (coclles) from which point it was shipped to Manila and from there to Chinese ports. Some of.
rich 80
that Wis transported to
the and shipped direct to Cornwall, Wales, where it was
ACCURATE RECORDS
Century Gold...
Consoldated Mines... Coco Grove.
Crown Mines. Dayaka Demonstration...... Developments Inc.
ulangan Minerals. Dale ndani.... East Equitable El Teagro.... Florannie Gold Shares.... Goiri Greek..
Sales Sales Sales Sales! Sales
10,18 11.00 9.30 3.30
p.m. p.m.
Gald Ware...
Gemaus Goldfeld.
.126
Hong Kong Miura.
Homestake...
,008
Ipo.............
.185
.18
1. X. L.
liogon......
.88
Lepanto
Mapaso
Fairly accurate records were kept Masbate by the Spaniards during their re- Marsman gime. The records show that many thousands of pounds of cop- per bullion were produced and sold. Due to crude methods of treatment only the highest grade of ore was mined and shipped. The lower grade of material was disregarded entirely. An estimate shows that approximately 800,000 lbs. of com-
(British Wireless Service)
May 19
Máy 20
110-31732
110-51/54
21.63
12.91
21.32 12.30
ed.
937
93-20/32
4.94-3/16 8.081
4.94-3/16, 8.987
Amsterdam
Vienna
Prague
Madrid
Lisbon
Hong Kong
Bombay"
Montreal
4.932 29.331
Brussels
Yokohama
Belgrade....
Monte Video
Rio
Bucharest
Silver (Forward)
Silver (Spot) War Loan
On LONDON:--
201
20-7/16 3% 1012
Closing Quotations
May 11, 1837,
Telegraphic Transfer... 11/2
Rank Bills. ou demand J 18/16- Credits, four months'
sight
ON BHANGHAI:
ON NEW Yoak:-
4.93-9/16 29.31
20-5/18 20-7/16 311017
Bank Bills, on demand 30 7/16 Credits, 60 days' sight. 30 13/16 ON BATAVIAI-
On demand
ON PARIS:-
Mineral Enterprises..... ada Hamamali.... Mineral Resources.. Mother Lode. Nielson, Inc.. Northern
Miking... falidan
Suya.... Paracale Goli..... Paracale Daguit. Paracale Gumus.... Paracale Mining....
N
mercial ore are ready for mining Philippine Amalgamated. and milling. All machinery is now Philippine Dorado... on the property and is being erect-Philippine Iron........
Phil.. Some delay has been encoun-
Racing Club.. Pilar
Copper. tered in the past due to difficulty in obtaining lumber for construc- Salacot Mining. tion purposes. This difficulty has San Mauricio... now been overcome and the mill
Sta.
Ro building will be completed within the next thirty days. Very favour- Surigao Oriental.
Suyoc able trucking contracts have been Syndicate Investment.. submitted and no difficulties will Tinago
be encountered in shipping concen- trates to the pier at San Fernando, La Union, from where they will be shipped direct to the smelter.
PROFIT EXPECTED
When the management of Le- panto was taken over by Nielson & Company, Inc. it was estimated that prpat could be made on the then převalling price of copper which was 10 centa gold per pound. With copper selling at the present levels an additional profit may be expected.
Indications to-day pointed to- covering by short sellers who feel that the trend of the market will now be upwards.
Sta Cruz Mambulao.
Twin Rivera... United Paraculo...... Universal Exploration.. Vime..
Phil. Securitycent
Hankow (Johore) Tokyo Harbin Makden Tsingtao Hongkow New York Yokohama
in
Current 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 Te Let. Hong Kong, 12th May, 1937.
HONG KONG SAVINGS BANK
HE Business of the above
TBank is conducted by the BONG KONG & SHANGHAI BANKING CORPORATION. Rules may be obtained on application.
For the HexG KONG & SHANGHAI,
RANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 1st March, 1937. BANK OF EAST ASIA, LIMITED.
Authorised Capital...$10,000,000.00
Board of Directors:-
Sir Shouson Chow, Chairman
Li Kuoa Chun, Esq. ti Lanang, Esq. P. K. Kwok, q. Wong ChuSon,aq. Wong Yun Tong,sq. Kan Ying ro, Bag. Chan Ching Shek, Fung Ping Wah, Esq.
Esq
Kan Tong Po, Esq., Chief Managor. Li Tse Fong, Esq., Manager.
Kowloos Passag Bourabaya London Rangoon Bwstor
Yalgon Bydary.
Talkoka
59.00
Branches and Ageneiss-
.0575
Belavin
Bombay
Manila
Mdbourne Br
Cantutt
Koganai
Huphong Hankow
New York
Cocks
_0875
.005
Kobe
Prices in Philippines Currency unless otherwise stated,
PHILIPPINE MINING
NEWS
246
.116.
.00 .188
Carotta
Honofalu Parle
aloe. Tlentada sanctio Tokyo Semarang Vendotter Baha Tokohama
Petplug Bingapore
Every description of Banking and Exchange business transacted. Loans granted on approved socurities.
Current Accounta opened in Local Currency and Fixed De- posita received for one your or shorter periods in Locki and Foreign Currencies on terma which
Safe Deposit Boxes To Let
KAN TONG PO, -Chief Manager.
THE CHASE BANK
QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18. PINE STREET,
NEW YORK
An American Bank offering com. plete Foreign Banking "Berries in the principai Marketa of the world. laterest Bates an Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, Naw Yonk, with Resources over U.S. $9,027,000,000.00
D. M. BIGGAE,
Manager.
THE YOKOHAMA SPECIE BANK
IMITED
Capital (tally paid up) Reserve Fund
FA
Yen 100,000,000 OF Yen 132,650,000.00
HEAD OFFICE:-YOKOHAMA
BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hainking Bio do Batavia Karachi Janeiro
Kobe San
Fraucinon
London
Los AngeleSeattle
Manila
Moji
Semarang
Shanghai
(Dalny) Nagasaki Singapore Fenghien Nagoya Soerabaja
(Mukden) New York Bydney Hamburg Osaka
Tientsin
Hankow
Otaru
Tokyo
Harbin
"Paris
い
Tsingtao
Hong KongPeiping Yinkow
Interest allowed on Current Ae
counts.
Deposits received Periods at rates to be obtained on application.
•
lor:
Fixed
Y. KANO.
Manager. Hong Kong, 10th March, 1937,
REICHSMARK RATES
Berlin, May 20.
The Reichsmark was (without guarantee), at:...
New York, 40.185.
Paris, 901-
Amsterdam, 73.10. London, 122975.
quoted
Paris, sterling, 110.75 to 110.80
. Paris UA. dollars, 22.423 to 22.439. -Transocean News Service.
STRIKK ORE AT DEPTH "The occurrence of ore at a depth of 1400 feet from the out- crop is a most interesting one.bigher than those obtained any The ore deposition at Antarnok where on the 1180 ft or 1050 ft. may be split into three distinct levels in the same type of ore zones. From the outcrop to a which is a dark grey quartz con- depth of 250 to 280 It occurs staining a certain amount of sili- oxidized quartz manganese struc- tifled andésite. Calcite appears to ture. Values cut out at about the į be entirely absent.
300 ft. Level and come in again "It is believed that the top of in a strong quartz calcite zone an entirely new are body occurs commencing about 400 feet from somewhere in the region of the.. the outcrop, and values are main- 1050 1t. horizon, but just where, f tained in the same material to be difficult to say on account of the low the 950 ft. horizon where there lack of development between the Stating that high grade ore had "The winze will be in ore on the occurs another blank zone of 830 ft. level and the 1160 ft. level: been Antamok officials recently inform this ore to connect with an area the zone without values on the 300 from the 1160 ft. level; one to the struck on the 1400 level, 1160 ft. level, and will be sunk in probably smaller proportion than There are at present 2 raises only ed their stockholders that develop which showed average values by ft. level. On the 1050 ft. level an 950 ft. level and the other to the ment at depth will be pushed drilling of $18.28 (old price) over entirely different type of rock is 1050 level. Development between ahead. The complete report to a true width of 12 ft. The actual encountered which is again found the two is now in progress... stockholders follows:
width cut by "the"dril was 20, ft. on the 1160 ft. level, and checks "A station has been cut on the It is expected that the first 100 ft. with the material cut by the level will be'stressed from now on "Development below the 1160 ft. well as a majority group of the 1160 ft. Level and preparations are of sinking will be carried out with diamond drill on the 1400 ft. level, in an attempt to have the limits of 67 16/16 Marilla Stock Exchange the group being made to sink a wine to the vot much water trouble being en The first sludge sample on the the new ore defined by the end of
of members that have taken a 1400 ft. Level
countered. Thereafter water may drill hole between 291 ft and 311 the present year, at least ton large short position is no longer
"This development is based on be expected, and pumping facilitran $18.60, and the second depth of 300 feet below the 1160 tenable. Expert
advisers unthe results of the Diamond Drill ties will be provided. All pumping $18.12. The corresponding core level. However, the speed on this hesitatingly advise · purchase of campaign carried out below the equipment, necessary to sink the gave an assay of $17.06 shares at the present bargain lowest level at present driven on first 100 ft. is already on the pro-
work will depend greatly on the 1/231/39 | values.
These encouraging values ob- amount of water encountered as 20 5/16
the property, viz: 1160 level.
perty.
tained on the 1400 ft. level are the winze goes dowİL"
Bank Bills, on demand 68: Credits, 4 month's sight 710
ON SAIGONI-
1/3
On Demand
109
US BINGAPORE:→→
On demand
Ón demand
521
ON MANILA-
On JAPAN:-
On demand
On demand.
1001
OF BANGKOK:-
On demand
On Impia
Telegraphie Transfer... 814
Bank, on demand.
SOYEZLIONS Bank Buying
Bato
******** BAR BILETRE, por 0% ...
Due to unfavourable publicity against short sellers and a decided stand taken by banking houses - na
J
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