1939-01-19 — Page 11

HONG KONG DAILY PRESS

Finance and Commerce

ENCOURAGING RESULTS CUSTOMS LOAN OF PHILIPPINE MINES

High Production Figures;

Dividend Payment

More good production figures and a dividend payment by An- tamok Goldfields feature the latest news from Philippine min- ing centres Bagulo Gold leads the list of companies reporting Improved output, having established another all time high in gold production, Progress in mill construction in some of the And properties is also noted. Meanwhile, general operations development work in many of the mines are making farther headway, brightening the outlook for the Philippine mining in- dustry.

ISSUE REACTION IN LONDON

LONDON, Jan, 18 (Reuter)—i There was no particular rush yesterday to sell China loans. The Impression is widespread that China will find a formula to enable her to recognize the Anglo-Japanese agreement In view of the supreme impor-.. tance of not allowing her credit to be damaged at the very British and moment when American policy are so mani- · festly turning in her favour.

The Times," emphasizing the special status the Customs loans Baguin Gold Mining Company. ing month due to refusal of the have always held in the eyes of with a production et Pesos 163 labourers to work during the holt the Chinese Government in good 783.24 from the treatment of 8,670 days in the later part of the and bad times alike, says that no, tons of ore, in December broke its month. January milling is ex-one will withhold sympathy from previous record in gold production. pected to show same increase. the present Government in the regular operations being resumed dilemma which none of its pre- with the start of the new year..

Mindanao Mother Lode Mines Nevertheless, default must bring reported its total gold production consequences far. more serious for for December at Pesos 109,729,88 China than would the apparent from the treatment of 4,030 tons surrender involved in accepting a compromise solution" on lines if

OTC.

decessors had to face.

SORIANO PROPERTIES IX.L. Mining Company produced Pesos 250,876.45, in December from the treatment of 10339 tons of

Total output of the three Borlanoor ore. properties for the month amount- Royal Paracate produced Pesos not necessarily identical with the ed to Pesos 973.828.05 from 101,768 17.238.23 from 2.135.2 tons of ore Anglo-Japanese agreement. tons of ore milled. Antamok Gold-miled during December. fields produced' Pesos 363,189.80 from 25,000 tons of ore and Mas- pany produced Pesos 27,960.07 from Government may bate Consolidated. Pesos 355.962.00 the treatment of 35,319 tons of statesmanike" view of the coun- from 63.420 tons of ore.

gold tailings.

Fortunately, there is reason to Kai-shek's that Chiang.

take yet

да

Twin Rivers Placer Mining Com-think

East Mindanao Mining Company produced Pesos 58.000 during De cember.

produced

Mineral Resources, Inc. turinig. the first month of operation of its pilot mill which was installed at its

Mapaso property. Labo, Camarines Norte, realized a total of Pesos 14,049.50 Pesos 9,000. in the production of copper" con- centrate and gold bullion.

The

Goldfelds

BASE METAL OUTPUT ų Amalgamated

Minerals,

try's true needs.

The "Daily Telegraph" city cor- respondent fully recognises the natural reluctance of the Chinese Government to give way, but to do so may be the much lesser of two evis, he holds.

The "Daily Express" suguests Inc. that a solution might lie in the 1,200 tons of manganese Chinese Government suspending Pesos 25,000 from its amortization while defraying in- ut Corun Palawan and ferest

A

mil heads averaged Pesos 29.55 in gold and copper and the average mined extruction was 89.7 per cen. Total valued' at tonnage for the month was 530mines Both tonnage and extraction "are Camarines during December

expected to improve this month shipment of about 2.000 tons may MOVE TO CURB

as the mill is.now.being run praċ- tically without interruption.

be made about the end of this month.

Philippine Iron Mines shipped during December a total of 59,270 tons or iron ore to Japan, the value approximating Pesos 226,715.

*wi

U.S. SILVER BUYING

• WASHINGTON. (Reuter) Senator

Jail. 18 Townsend

has introduced a bill In Con- gress providing for Immediate cancellation of all the Ad- ministration's powers to buy silver and to issue silver certi- ficates, with a view to protect home markets for silver now" held.

FINANCE

H. K. STOCK -

EXCHANGE

January 8.

Again conditions were quiet and the volume of business on the small side

NIELSON MINES Nielson-operated mines treated during December 20.112 tons of ore for a total production af Pesos Samar Mining Company shipped 229,243.77 worth of gold and base 28.700 tons of iron ore valued at metal concentrates. Lepanto pro- Pesos 125,000. during the past duced Pesos 126.41256 from the month, which represent the De- treatment of 12.410 tons; Paracale cember output of the company. Gumaus, Pesos 46,353.70 from 2.736

DIVIDEND tons; Hongkong Mines. Pesos. $1. 649.91 from 4,381 tons: Tinago. Pesos 4.827.20, from, 585 tons

Santa Rosa Mining Company disbursement by Antamok Gold- miled 5.820 dry tons of gold ore helds amounting to 1 centavos The bill, proposes an embargo on

Moreover, en-silver Imports. from which concentrate valued at per share, constituting an Pesos 23.995.12 was recovered dur-couraging highlight of the reports Treasury would be authorized to ing the month of December. The. from the mine camps. This divi-dispose of silver holdings after set- manth's cutput was lower, con- dend brings the total paid for ting aside 5.500,000 ounces to meet trary to expectations. by Pesos 1938 by the company to 74 cenfuture. coinage requirements. 10.240.43 from that of the preced-tavos per share, or Pesos 2,062,500,

The latest news is featured by a dividend payment. with a cash

JAEGER

THE NAME

Smart WOMEN

Why do so many ladies always

turn

to Jaeger? Fashion- Comfort-Wear: there are your three answers! Jaeger Undies are wonderfully comfortable under the most sylph-like creations and strenuous conditions and, of course, they are perfect pro tection-no risk of sudden chills Jaeger Cardigans and Jumpers really do have an extra snap. Not only do they fit well but they flatter, and the colours are in supremely good taste. Jaeger Knitting Wools are also defin-

itely good-in a great many charming shades. You're always right with Jaëger.

15

OBTAINABLE IN EVERY

PREFER

FIRST-CLASS STORE

AECER HOUSE, 204-206, Regen Street, London, W., England

MOSCOW TAXI SERVICE

the

The Moscow Scientific Re-

for Urban search Institute Transport has devised a new system of dispatch for the capital's taxicabs.

A central dispatcher department has been organized, and apparatus for automatic registration and control of taxis have been set up at every taxi rank.

A taxi-driver registers on a re- cording mechanism his arrival at and departure from a rank."by means of which the central dis- patcher department knows at any time the number of taxis standing at each rank, `An intending pas- senger can communicate his need for a taxi to the dispatcher by pressing a button, and the dispat cher wi signal to the passenger whether a taxi will arrive imme- diately,

Any one requiring a taxi to be sent to an address will ring a num- ber, which will be the same for all the city, and the order bureau will send the taxi.

The system came into operation in Moscow last month..

REDUCING COTTON

SURPLUS

Buyers ..

Union Insurance, $470 HK. Docks (Old), $17.80. H. & S. Hotels $6.60. HH. Reatles, $5.35. Macao Electries, $17į. Sandakan Lights $10.10 Dairy Farms, $24. Entertainments. $7 Marsmans (Lon), 16/

Sellers Hongkong Bank, $1405! Union Insurance, $175 China Underwriters, $6.70. Providents (Old), $81. H. & S. Hotels, $6.85.

HK. Realties, $5.60. Peak Trams (New), 34. HK. Electrics, $57). - Macao Electrics, $18 Cements. $169. Watsons. $8 18 Constructions, $11.

NEW YORK, Jan. 18 (Reuter)- The Washington. bureau of the Dow Jones agency states that a conference of cotton Senators, who discussed plans to reduce the cot- ton surplus, failed to agree on a definite programme.

Sales

Hongkong Bank, $1390.

Union Insurance, $470. China Lights Rights), $3.40,

Plippine Mines

Antamoks Pa., 491 Atoks Ps., 371

Bagula Gold Ps., 29 Coco Grove Ps., .50

Demonstrations Fs. 254

IXL PS.. A3

San Mauricio Ps.. 1,84 Suyoc Ps. 21

Telted Paracales Ps.. 78.

GOLD MINING PRICES

Hongkong Sharebroker's Asso- cution closing soles yesterday were:-

Senator Smith said that a num- ber of plans had been offered, but no single one thus far appeared to have the support of the majority.

EXCHEQUER RETURNS LONDON, Jan. 18 (BWS)--Ex- chequer returns show total that ordinary revenue amounts to £550, 431,243, against £548,863,823 a year ago. Total expenditure, less self-balancing Items, is £774,768; 077. against £600.722.921 a year Arp

"NIKS":

A Guard Cur

For Hong Kong Foot,

What do

THURSDAY, JANUARY 19,

1939.”—PAGE 11

you want?

If there you want all,

anything bay or

|25 words $1.00 prepald for 3 Insertions.

PUBLIC AUCTION. LAMMERTS' AUCTIONS,

MHE Undersigned have received

THE

instructions

TO SELL BY

PUBLIC AUCTION

ON

TUESDAY, the 24th JANUARY, 1930

Commencing at 5.15 p.m.

At their Sales Room, No. 2 Connaught Road, Central (Room No. 205, 2nd Floor)

A COLLECTION OF VALUABLE POSTAGE STAMPS

On VIEW from MONDAY, the 23rd JANUARY, 1939

TERMS: --- Cash on Delivery.

LAMMERT BROS.. AUCTIONEERS.

KIRIN

The

B

E

E

R

Choice of

The Multitude

Ctros.

Antamoks

+49

Atok's

.37

Bagulo.Gold

20

Benguet Explor

13.80

Ccco Grove

.51

Demonstrations

..25.5

L X, L.

63

1.80

20.5

Tel. 20720.

.75

San Mauricio "Suyoc Consol

United Paracales Market Closed quiet,

Mr Howard Hordings,

The Willows

Malden.

Flopkop

Sole Agents:--

H. HONDA & CO.

40, Johnston Road, Hong Kong,

Engraving is the hall mark

Mr. J. Curtwright.

In these we Specialise

Samples available

at

Mrs Geoffrey St. Matthews.

76. Mayfair.

London, W..

of

VISITING CARDS.

If you wish to create

good impression use our cards

of high

Quality.

Mz. Gre B.Green.

20. North Road

Louth Shields

The EASTERN ELECTRICAL COMPANY.

GEKNARO 2274.

FRIC GRAY

PHONE CENTRAL 1785.

CAMERA STUDIES.

PERT STREET, W. 1.

Mr. Dennis E. Spalding..

~ R. Basit & Per Ltd.

THE HONGKONG DAILY PRESS

Marina House, 3rd Floor, 15-19: Queen's Road Central.

PUBLIC AUCTION.

HE Undersigned have received

Instructions

to sell by

PUBLIC AUCTION

ON

THURSDAY, the 19th JANUARY, 1039.

Commencing at 10.30 am.

At their Sales Room. No."1 Connaught Road, Central (Room No. 205, 2nd Floor).

Fur Coats, Fur Capes, Fur Muffs, Tweed Coats, Leather Bags, Imita- tion Jewellery, Silver and Crystal Ware, Perfumeries and Novelties.

On VIEW from WEDNESDAY."" the 18th JANUARY. 1939.

Terms: Cash on Delivery.

LAMMERT BROS.,

AUCTIONEERS.

PUBLIC AUCTION.

HE Undersigned have received

instructions

THE

TO SELL BY

PUBLIC AUCTION

ON

THURSDAY, the 19th JANUARY,

Commencing at 2.30 pm.

At their Sales Room, No. 35. Hankow Road, Kowloon.

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

Comprising:-

Blackwood Ware, Teakwood Dining Room, Bed Room, Drawing Room and Office Furniture, Car- pets, Rugs, Pictures, Cutlery, Porce- lain. Glass, Brass and E. P. Ware, Gramophones and Records, Elec- tric Lamps and Heaters, Enamel Bath, Sewing Machine, Cooking Stove, Cooking Utensils, Books. etc., etc.

On VIEW from WEDNESDAY, the 18th JANUARY, 1939,

Terms: Cash on Delivery. |

LAMMERT BROS..

» AUCTIONEERS.

PUBLIC AUCTION.

THE Undersigned have received

instructionE

to sell by

PUBLIC AUCTION

FRIDAY, the 20th JANUARY, 1938.

Commencing at 2.30 p.m.

At their Sales Room, No. 2, Connaught Road, Central, Ground Floor.

A FINE COLLECTION OF OLD CURIOS

Comprising:

Old Porcelain Vases, Jars, Figures, Bowls, Cupa, Flates, etc., etc..

Bronze. Ivory and Soap Stone Ornament, Carved Wood Figures, Silk Embroidered Figures, etc. etc..

A FEW PIECES OF OLD CHINESE,

HAND PAINTINGS

On VIEW from 19th JANUARY, 1930,

TERMS: Cash on Delivery.

LAMMERT BROS.;

AUCTIONEERS.