Manila stock exchange

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Part of The American Chamber of Commerce Journal

Title: Manila stock exchange
Language: English
Year: 1937
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Fulltext: THE AMERICAN CHAMBER OF COMMERCE JOURNAL June, 1937 Manila Stock Exchange Renewed rumors of gold changes had a disturbing effect on gold shares listed on the board of the Manila Stock Ex change and drops were recorded in some issues with a corresponding decrease in volume of transactions, according to the week-end review of the Manila StockExchange. The outstanding financial news of the week concerned the Soriano-Eastern Development Company, Inc. transac tion. Andres Soriano and his associates will hold sixty per cent of the new com pany while forty per cent will be ac quired by well-known Negros financiers and by Warner Barnes & Co. The total sum represented by the deal is P15,000,000.00, the authorized capitaliza tion of the Eastern Development Com pany being increased from 1*2,000,000.AVERAGE METAL PRICES FOR MAY, 1937 London, Forward........................... 23.365 - 2.979 (By United Press) Gain or loss Tin Copper Electrolytic, Domestic, refinery.. Electrolytic, Export, refinery . . . 13.775 13.999 from April - 1.346 - 0.693 New York, Straits......................... London, Standard, spot................. 55.651 250.645 - 3.521 -16.491 London, Standard, spot.............. 61.118 - 1.388 Other Metals London, Electrolytic, Forward .. 63.684 - 2.930 Gold, per oz., U. S. price.............. $35,000 Unchanged Lead Quicksilver, per flask..................... $95,520 4-3.520 New York...................................... 6.000 - 0.175 Antimony (E. & M. J.)................. 14.830 - 1.213 St. Louis........................................ 5.850 - 0.175 Antimony, Domestic........................ 14.830 - 1.213 London, Spot ............................... 24.000 - 2.014 Antimony, Chinese......................... 16.440 - 0.560 London, Forward......................... 23.891 - 1.987 Platinum, refined, per oz.............. $54,800 - 3.200 Cadmium......................................... 105.000 Unchanged Silver and Sterling Exchange Aluminum, 99%............................. 20.000 Unchanged Silver, New York, per oz............. 45.025 - 0.435 Silver, London, pence per oz. ... 20.346 - 0.394 Chromium Sterling Exchange, “checks”........ 493.835 4-2.311 Chromium, 97% per pound.. ...... 85.000 Unchanged Zinc St. Louis, Spot............................. 6.750 - 0.260 Manganese Ore London, Spot................................. 23.092 - 3.124 52 to 55%, c.i.f. Atlantic ports. . 40.000 Unchanged Branches Cebu, Iloilo, Zamboanga, Davao, Ba guio, Bacolod, Legaspi, Dagupan, and in all principal provinces. Sole Agents: TABACALERA P. O. Box 143 — Manila Tel. 2-25-81 (Domestic quotations, unless otherwise stated are in cents per pound. London averages for copper, lead, zinc and tin arc in pounds sterling per long ton. Sterling Exchange checks is in cents. New York silver is for foreign metal.) HOME OF THE MANILA STOCK EXCHANGE S. J. WILSON BLDG., JUAN LUNA MANILA IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL June, 1937 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 53 00 to 1*15,000,000.00. This capitaliza tion was said to be the largest of any organization in the Philippines. It was stated that the Soriano group would continue to hold a substantial interest in Antamok Goldfields, Masbate Consolidated, and I.X.L. Mining Company. It was not contemplated that any of the stock would be offered to the public. The total turnover of shares on the Manila Stock Exchange for the week from June 1—Monday, May 31, having been a holiday—to Saturday, June 5, inclusive was 19,518,108 shares, in terms of pesos, P4,060,944.00. Coincident with June, the ticker service to the Stock Quotations Co., Inc. operating from the floor of the Manila Stock Exchange, augmented its service. Additional information on the ticker includes quotations from the London Stock Exchange, Singapore rubber, Hong kong Stock Exchange, and rubber from the Netherlands East Indies. Arrange ments are being made to bring in impor tant American gold mining issues. La Tondena on Echague La Tondena distillery head offices have been removed to 618 calle Echague, from the old place on calle Juan Luna. La Tondena employs from 200 to 400 men and women in the manu facture of alcoholic products for domestic use and export, sending rums, gins and liqueurs to Hawaii and liqueurs and alcohol to the United States. The price index of listed sh for the past four Feb. Average Acoje........................................... .247 Agno Cons.................................. .127 Agusan......................................... .17 Amnl. Minerals......................... .141 Ambassador................................ .0062 Angelo......................................... .168 Antainok..................................... 1.51 Associated Mines....................... .011 Atok Gold.................................. .475 Baguio Gold............................... .293 Balatoc....................................... 14.38 Batangas Min............................ .488 Batong Buha.v........................... .0224 Bcnguet Cons............................. 13.89 Benguet Exp.............................. .185 Big Wedge............................................341 Bued Min..............................................331 Century Gold....... .0091 Coco Grove................................ .761 Cons. Mines........................... .0486 Crown Mines.. .253 Dayaka....................................... .295 Demonstration...................... .927 Dulangan Min........................... .144 Dulong........................................ .205 East Mindanao......................... .365 El Tesoro..............................................0083 Florannie.................................... .129 Gold Creek............................................326 Gold Shares.............. .358 Gumaus Goldfields................... .311 ares on the Manila Stock Exchange months is given below: March April M A Y Average Average High Low Average .220 .152 .18 .11 .151 .084 .0532 .055 .05 .053 .153 .161 .16 .135 .148 .137 .096 .10 .075 .086 .0052 .0039 .004 .003 .0037 .149 .121 .115 .0975 .109 1.40 1.13 1.10 1.00 1.05 .0093 .0067 .007 .005 .0058 .405 .319 .33 .25 .298 .267 .219 .215 .175 .192 14.47 12.61 11.75 10.75 10.87 .480 .248 .295 .12 .226 .0204 .0139 .015 .011 .0137 13.80 11.90 11.25 10.50 10.79 .165 .109 .13 .085 .117 .262 .219 .24 .18 .211 .332 .231 .26 .14 .215 .0072 .0046 .004 .002 .0028 .623 .575 .74 .50 .639 .0411 .0289 .027 .02 .0232 .199 .125 .125 .0725 .0991 .257 .164 .16 .11 .136 .869 .745 .77 .62 .682 .172 .119 .111 .10 .104 .176 .11 .07 .049 .057 .332 .263 .255 .205 .227 .0075 .0047 .005 .003 .0039 .171 .142 .13 .11 .123 .240 .187 .16 .135 .146 .253 .151 .115 .10 .105 .254 .147 .19 .11 .142 The Earnshaws Docks & Honolulu Iron Works MOTOR SERVICE, INC WAUKESHA MOTOR CO 21-6:37 man cycle is readily understood by anyone familiar with gasoline engine operation. For industrial and bus, truck, tractor, rail-car uses, fuel oil power finds i dependable and economical application i performance of the Waukesha-Hesselman Spark Ignition Engine. Alodeln ZnGinel hrt, Atodeln *7u.ell * * * M ■ ■ B^ B B M builds engines for every gas and liquid fuel ■y <A (J HA H" —each the most economical i w B B B " each the product of thirty years of engineer ing experience in design and manufacture and each built to perform a specific duty for a particular industry. Today, the Waukesha Motor Company manufactures different models of engines burning artificial or natural gas, high or low octane petrols, paraffine, alcohol and the generally available modern high-speed diesel-oil fuels, to serve the power needs of thirty-four different industries. The ratings range from 12 to 325 H.P. WAUKESHA-HESSELMAN diesel-oil engines—spark-ignition, low compression type—are reducing bus fuel costs much as 50% to 60%—increasing mileage 20% 40%. One bus company reports a saving of U. S. $100.00 per bus per month by using Waukesha-Hesselman diesel-fuel power instead of gasoline. The engine i under all weather conditions; maintenance costs are low; the HesselIN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 54 THE AMERICAN CHAMBER OF COMMERCE JOURNAL June, 1937 Homestake................................. .0141 Ipo Gold................... .305 Itogon......................................... 1.51 IXL........................................... 1.49 Marsman..................................... Masbate Cons............................ .454 Mind. Hamamali....................... Mineral Ent............................... .118 Mineral Res............................... .433 Mother Lode............................. .149 Northern Mining....................... .153 Palidan Suyoc........................... .150 Paracale Daguit......................... .0122 Paracale Gold................ .339 Paracale Gumaus...................... .742 Paracale Mining....................... .0207 Philippine Amal......................... .119 Philippine Dorado..................... .251 Phil. Iron Mines....................... 1.35 Phil. Racing............................... 1.00 Pilar Copper..................... .118 Prudential................................... .099 Salacot......................................... .081 San Mauricio............................. 3.02 Sta. Cruz Mamb............. .0125 Sta. Rosa. .. .079 Surigao Oriental... .019 Suyoc Cons............................... .467 Synd. Investment. .127 Twin Rivers............................... .417 United Paracale......................... 1.27 Universal Expl........................... .408 Lepanto....................................... Mapaso....................................... Dev. Inc..................................... May Average .574 April Average .G48 March Average .793 Feb. Average .835 .0112 .009 .01 .007 .0089 .28 .224 .215 .185 .20 1.35 1.06 1.05 .85 .933 1.36 .744 .80 .65 .744 70.85 69.00 56.00 60.31 .422 .335 .215 .24 .271 .0119 .0066 .007 .006 .0066 .099 .071 .07 .05 .059 .366 .274 .27 .21 .244 .127 .094 .06 .045 .050 .123 .088 .085 .07 .079 .135 .106 .10 .08 .093 .0116 .0085 .008 .004 .0049 .264 .173 .16 .12 .141 .652 .505 .46 .34 .398 .0225 .0173 .016 .015 .0155 .108 .083 .07 .07 .07 .244 .226 .24 .16 .213 .875 .85 .85 .85 .118 .064 .055 .055 .055 .05 .065 .046 .045 .036 .040 2.69 1.97 2.15 1.70 1.92 .0103 .0052 .006 .004 .0045 .068 .049 .05 .04 .0454 .019 .0114 .01 .009 .0091 .409 .383 .40 .325 .366 .123 .091 .09 .075 .084 .403 .345 .31 .27 .288 .944 .707 .81 .57 .679 .357 .228 .245 .18 .222 .26 ’ .23 .242 .15 .10 .135 .30 .38 .37 .371 JUNE 1, 1937 (Continued from page 86) MINOR COCONUT PRODUCTS 'The Philippine output of coconut products of minor importance has increased appreciably in recent years. None of these has as vet at tained great importance in the export field, although several show considerable promise. Soap Philippine soap, which contains an average of 60 percent coconut oil, is produced in a large number of small factories scattered throughout the Islands. In addition to the 173 registered soap manufacturers (Nov. 1,1935), it is estimated that there, are at least 500 smaller home estab lishments. No data are available concerning the capital invested in this industry, either as to the total amount, or as to the participation by the nationality of their owners. The three largest, soap fact: l ies are owned one each by Americans, Swiss, and Chinese, and they are operated in conjunction with establishments making cooking fats and margarine. Practically all of the other factories and home establishments producing soap arc owned by Chinese. Filipinos, however, own a small number of plants. 'The total annual production of soap in the Islands is variously estimated at from 20,000 to 40,000 short tons, practically all of which is consumed domestically. 'The bulk of this soap is of the poorer grades, the better qualities being imported. In 1935, the Philippines exported soap to the value of 87,085, whereas they im ported soap to the value of 3364,502, over 96 percent of which came from the United States. As the Philippines continue to improve the quality of the domestic product, it is likely that they will be able to become practically selfEngineers! Protect Your MACHINERY by using “SYRACUSE” BABBITTS for bearing service I SYRACUSE BABBITTS are scientifically manufactur ed by the secret “Stanley Process”. This process, which is under the exclusive control of Syracuse Smelting Works of Brooklyn, N. Y., gives Syracuse Babbitts the unusual ability to carry heavy load without stretching; absorb shocks without cracking; and remain cool while the shaft is revolving at high speed. No “hard points’ or “soft spots” in Syracuse Babbitts. Your machinery is assured of long life and efficient service when you use these metals for bearings. Made Only By UNITED AMERICAN METALS CORP’N SYRACUSE SMELTING WORKS EXPORT DIVISION Brooklyn, N. Y. — Chicago, Ill. Distributed exclusively in P. I. by YUTIVO SONS HARDWARE CO. Yulivo Building Manila P. O. Box 47 Branches: Cebu and Davao IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL