1939-05-04 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

FINANCE

H. K. STOCK EXCHANGE

RAUB AUSTRALIAN GOLD MINING | HYDRO-ELECTRIC percolating into the market." Hold-

CO., LTD.

REPORT FOR FOUR WEEKS ENDING

22ND APRIL, 1939.

The Raub Australian Gold Mining Co., Ltd. report for the weeks ending on April 22, is as follows:-

SECTION

B. Koman

Raub

Anderson

Derrick

B. Jalis

Total

UNDERGROUND DEVELOPMENT

Cross Winzing

Shaft Sinking

Driving Cutting and Rising Total

272

197

51

530

"

33

149

83

23

293

R$

77

166

175

326

35

536

100

58

158

33

785

746

119

1,683

BUKIT KOMAN SECTION No. 5 Level: A winze was sunk on a reef east of the main drive and has shown a depth of 25 feet of payable ore having an average width of 18 inches.

No. 6 Level: The main south drive has been continued but has not yet reached the point where the downward continuation of the stopes being worked on No. 5 level may be expected.

•

>

PROGRESS IN

CANADA

The annual review of hydro- electric progress in Canada, which has been sued by the Dominion Water and Power Bureau, Depart- ment of Mines and Resources. Ottawa, shows that during 1933 there was not only a substantial increase in

generating new but capacity,

also widespread activity in the extension of trans- misssion and distribution facili- ties. particularly in rural areas and in the mining industry.

The amount of hydro-electris generating plant added during the year was 135,459 h.p., bringing the total for the Dominion up to 8. 190.772 h.p.

second

In British Columbia a 47.000-hp. unit was added to the Ruskin station of the British Columbia Power Corporation on Stave River, while smaller addi- tions were made to the stations of Messrs. Fraser River Golds

Rt

Wahlesch (Jones)

No. 10 Level: The main south From the main north drive at drive which has been following a 200 feet north and east crosscut fault plane has been turned to has intersected between 71 feet and follow a broken reef at a point 557 35 feet several broken reefs sam- Limited. feet south of the shaft. Samples ples from which give promising Creek and of the Denver Light from this reef give low assay assay results. These reefs will be and Power Company, en Carpenter further investigated by north and Cross-cutting has shown nothing south drives.

values.

of Importance,

Creek.

In Ontario a new generating station with a capacity of 10.400 hp. was completed at Ragged Rapids, on the Musquash River. while station of about the same capacity was brought into The ore mined and treated dur-operation at Lower Falls, on the ing the period is shown in the Montreal River. following tabulation.

'+

JALIS SECTION BUKIT KOMAN NORTH

Development work was continued The south drive has been con- on No. 5 level with no encouraging nected to the crosscut from the results. north drive from the main shaft. "No further payable values were disclosed in this drive during the period. "

A crosscut from the main north drive has intersected the major fault between Bukit Keman and Section Derrick Sections and the main B. Koman drive is being continued along this Raub ..fault plane.

RAUB SECTION

The main shaft was sunk to a

MINING

Under- ground. Surface

Ore Ore

Ttl.

1,718

1.144

1,098 40

Jalls Lilburne

149

22

Derrick

depth of 533 feet below the collar Anderson

and No. 5 level plat is being cut at a depth of 508 feet.

Total

10

on

"

THURSDAY, MAY 4, 1939. —PAGE 11′′

SERVICE TO READERS PUBLIC AUCTION.

LAMMERTS' AUCTIONS

instructions

TO SELL BY

PUBLIC AUCTION.

ON

FRIDAY, the 5th MAX, 1999

Commencing at 5.15 p.m.

The turnover was again on the

THE HONG KONG small side but more enquiries are

DAILY PRESS, LTD., THE Undersigned have revived ers are not keen on satisfying de-and the HONG" LÒNG mands and prices will improve it the enquiry is maintained,

WEEKLY PRESS, through BUYERS

their London Offier, at 59, Hongkong Banks, $1360. Union Ins.. $440.

| FLEET STREET, E. C. 4, Tel- Douglases, $57, HK Docks, $16.30.

3137, are prepared to give Providents. $44.

Subscribers and Visitors H. & S. Hotels, $5.20. H.X. Lands, $32.

"advice regarding accommoda- HK. Realties, $4.10.

tion available, motoring faoi- HX. Tramways, $18.15. Star Ferries, $65..

lities, suitable China Lights (0), $8.20. H.K. Electrics, $54. Macas. Electrics, $18). Telephones (0), $21.70. Canton Ices, $1, Dairy Farms Ex Rts. $20. Entertainments, $63.

In Quebec the Gatineau Power Company added a 34,000-.p. unit

Chelsea to its

plant

the Gatineau River, thus increasing 1.718 the capacity of this staten to 170,-- 1.144 000

h.p., and the Shawinigan · 1,147 Water and Power Company added 8.000 h.p. to its La Gabel'e' station by changing the runners of two of the units.

149

22

50

4,230

17 ..33.

4.148, 82

BUKIT KOMAN SECTION Mining continues in stopes above Nos. 6. 7. 8 and 10 levels the grade

No. 4 Level: The rise has con- nected with the 236 feet north winze from No. 3 level. Develop- ment of the main stringer zone has been continued with satisfactory of which was the same as for the results.

previous period.

ANDERSON SECTION

RAUB SECTION No. 3 Level: The south drive has

Payable ore continues to be been continued along a fault-plane.mined from stopes above Nos. 1, 2 Check sampling of the back of that and 3 levels, with development ore portion of the drive where payable from No. 4 level, the grade of which values were reported last period shows a slight drop over that for does not confirm the results ob- the previous period. tained previously.

East and west crosscuts have dis- closed nothing of importance.

DERRICK SECTION

יי

No. 3 Level: The east crosscut at 100 feet south has intersected reef 8 inches wide carrying visible gold. North and south Drives will be commenced along this reet.

No. 5 Level: The main south drive has reached the major fault between Bukit Koman and Derrick Sections and has been stopped.

DERRICK SECTION

Ore was crushed from stopes above Nos. 4 and 5 levels with fair results.

JALIS SECTION

A stope was commenced above No. 4 level and produced ore of average grade.

LILBURNE & ANDERSON SECTIONS

少

Some ore was crushed from pros- pecting shafts and showed average grade results.

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THE MILWAUKEE ROAD

SURFACE OFE

Owing to 10 head of stamps.. be- ing shut-down' most of the berlod for repairs to foundations, only a small quantity of surface ore was treated.

TREATMENT PLANT

Battery

4230 7955

84.0

Vibro Piling. $74. HK. Govt. 4% Loan 37% prem HK Govt 3! Loan par.

SELLERS Hongkong Bunks, $1373. Union Ins., $447), HK Tramways. $161." China Lights (N), $8.40. China Lights (N), $5. Watsons, $7.45.. Marsmans (HK), 46.

SALES

Hongkong Banks, $1382. Union Ins. $115.

H.K. Tramways, $16.10., China Lights (0), $8.30. HK. Electrics, $55. Canton Ices, $1. Vibro 73

PHILIPPINE GOLD MINING QUUTATIONS

Benguet Consol,

Coco Grove San Mauricio Union Paracalë

Centaros

11.90

34)

1.04 59

PHILLIPPINE MINING QUOTATIONS

Wednesday, May 3, 1939.

Atoks

Benguet. Consol.

Coco Grove,

San Maurtele

United Paracales

Centavos

31 11.90

34

1.00 58

Market Comment.-Dul

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Wednesday, May 3, 1939. Lands

400 $33.50 1.28 Trams

Ore. tons crushed. Stamp hours worked Proportion of falf time ...... Bullion produced, ounces... 1170.29 Residue, discard, dwt/ton... Residue to Retreatment

plant dwt/ton

Retreatment Plant Tons treated, current tall

Ings

China Lights (0)

1.28 Coco Grove Santa Rosa

4057'.. Tons treated, dump tallings 4564 Tons treated, old table con-

centrates

168

Total

8789

Calcined concentrace treat-

ed, tons.... Bullion recovered, ounces...

Gold Shipment

Battery: Retreatment

105.7 858.09

Bullion oz. Fine gold oz. 1,170.29 1.109.54. 858.09 €62.79

2.028.38: 1,772.33

EXPORT OF WAR

MATERIALS

LONDON, "May 3 (BWS)-The subject of the export to Germany of material required for war pur- poses was raised in the House of Commons yesterday and the Presl dent of the Board of Trade said that, in the event of war. almost any materials might be used for war purposes and that nearly all materials used for war purposes. had pacinc purposes as well.

He did not think it was desirable to divide people into two camps It would seem to give a real point to that propaganda about encir clement, which, at the moment, was, of course. completely false and unfounded.

100 16.25

1,500 8.30 1,000 Ps. 0.344

50,000 Ps. 0.12

ANOTHER DROP IN FR.B. NOTES IN NORTH CHINA

TIENTSIN, May 3 (Reuter)--- Federal Reserve Bank currency in North China registered another small drop to-day, the premium on the Chinese National dollar being 345 per cent.

Thus, it took 1341 Federal Re- serve Bank dollars to buy 100 Chinese National dollars. Yester- day it took 134 PR.B. dollars.

BRITISH TRADE MISSIONS

LONDON, May 3 (BWS)—Mr. Oliver Stanley, President of the of Commons yesterday that “the Board of Trade, said in the House guarantees recently given by the Government to Poland, Rumania and Greece were made for other than

commercial reasons. Sobe economic aspect of our relations under consideration, with a view with these countries are, however,

to our mutual advantage.

The

Secretary for Overseas Trade recently visited Foland to cerned a number of projects for discuss with the Ministers con- the development of trade between trade mission in Rumania at the the two countries. There is a

present moment and it is intended that Sir Frederick Leith-Ross should proceed to Greece to discuss economic questions." NEW REGULATIONS FOR SHIPOWNERS

LIVING COSTS IN JAPAN MOUNTING SHANGHAI, May 2 (Int'l)The cost of living in Japan is mount- ing owing to the gradual enforce- LONDON, May 3 (Reuter)---Mr. ment of the National Mobilization Oliver Stanley, President of the Law, according to a Tokyo re- Board of Trade, stated in thé port. The hours of work in fac House of Commons yesterday that" tories, have been increased. ' legislation would shortly be intro- The only lucky people are those duced to require shipowners to working in arms factories. where offer their vessels to the. Gover- pay is slightly higher than those ment in connexion with the in private owned plants. This is scheme for reserve of tonnage, due to the urgent necessity of in- before scrapping or selling them creasing production to prosecute abroad, the war in China.

The proposals would place

A Japanese official report stata statutory obligation on All ed that the unemployed in Japan shipowners with penalties in-

In February amounted to 212,- volving" prosecution for criminal

offences.

800.

centres, etc.

shopping

If, when at home, they will call or telephone to the above address, they will receive the utmost, assistance and the

latest available information on all subjects of enquiry will be placed at their disposal..

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

A VALUABLE COLLECTION OF POSTAGE STAMPS

On VIEW from THURSDAY, the 4th MAY, 1939,

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