February 1938 gold production
Media
Part of The American Chamber of Commerce Journal
- Title
- February 1938 gold production
- Language
- English
- Source
- The American Chamber of Commerce Journal Volume XVIII (Issue No.3) March 1938
- Year
- 1938
- Rights
-
- Fulltext
- March, 1938 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 31 the standpoint of the outside world, and disregarding for the moment the question able methods she is using, perhaps the most satisfactory outcome would be for Japan to batter herself into a state of financial insensibility against the yielding but re silient wall of China’s defenses. Certainly, events at the moment are pointing that way. Great Britain’s price structure is not coming unscathed through the general dis turbance. Aside from her active partici pation in European and Far Eastern diplomatic and political scenes, she is far too closely allied commercially and finan cially to the United States not to feel the effects of the depression across the At lantic. British trade has definitely suf fered, and while leading observers there regard the recession as temporary it is improbable that 1938 will be as good a year for Great Britain’s industries as 1937. By and large, the world picture is lib erally be-spattered with gloom, and it is small wonder that the ranks of those fore seeing nothing but a long-lasting and disas trous business decline are expanding by leaps and bounds. Yet the situation is by no means as hopeless as it seems on the surface. Here again, one must turn to the world’s democracies for assurance as to that point. Left to themselves, the odds are that the dictatorships and communistic states would destroy each other and in that destruction carry our present civilization to oblivion. But fortunately, those democra cies, with all their internal difficulties, have nevertheless sufficient farsighted men be hind the scenes to realize this danger and also to realize, \vhat is far more important, that Utopia is not here or even “around the corner.” The path to peace lies in overwhelming strength and the will to use that strength in the upholding, rather than the destruction, of freedom. Culled from the ... (Continued from page 24) GOLD PRODUCTION FIGURES CON TINUE TO SET RECORDS: Every month sets a new all-time high in Philippine gold production. All records were broken in February, and March, Director Abadilla of the Bureau of Mines reports, may reach more than P5,000,000.00. Production th:3 year is almost certain to exceed P60.000,000.00 in gold alone. Meanwhile, the stock market continues to go down. “Oh, Oh!” One convenient thing about some of these stock prices: they fit in so well with Ta galog and with English slang. If a 6tock is quoted at P0.00—something, the prospec tive seller can say, “oh, oh”. The broker can, after taking his order reply with the Tagalog word for ‘yes’, “oh, oh"! At that, it is a little confusing. Your broker tells you that your stock is quoted at P0.00.... You say, “oh, oh! Did you say P0.0O... ?” He replies, “oh, oh”. FEBRUARY 1938 GOLD PRODUCTION ‘ February 1938 February 19.37 Tons Milled Value Tons Milled Value Ambassador .............. Antamok.................... Baguio Gold.............. Balatoc ...................... Benguet Cons............. Benguet Expl............. Big Wedge................ Cal Horr .................. Coco Grove .............. Demonstration.......... East Mindanao ........ Gold Creek................ Ino Gold .................... Ttogon ........................ IXL Mining.......... Mindanao Mother L. Masbate Cons............. North Mindanao .... Royal Paracale ........ San Mauricio............ Suyoc Cons................. Tambis Gold.............. Twin Rivers.............. United Paracale........ Total .......................... 325 P 3,580.00 19,820 367,901.04 7,442 127,481.46 33,891 1,009,794.26 28.267 918.527.32 2.556.89 20,366.00 3.851 133,903.94 5,105 91,651.04 287,500 yds. 174.400.00 7,992 130,683.03 2.294 35.648.09 1,196 20.266.19 5.411 40.289.38 25.184 277,531.38 9.153 221,327.94 4.217 112,320.68 64.692 304,916.84 182 oz. 12.740.00 2,178.5 19,950.18 8,417 195,326.65 5,602 110,062.41 34.085 yds. 9.114.90 24,221 29,370.44 8,330 190,896.90 19,634 P 423,984.81 6,038 83,453.18 34,461 960,653.60 22,896 691,105.00 3,641 24,826.00 4.092 68.951.55 5,149 92,520.52 6,446 122,430.56 2.276 44.600.00 879 13.745.39 4.693 50.582.38 15,453 237.647.62 6,353 152,237.88 46,088 260,917.11 13,650.00 4.265 173,491.06 6.740 87,842.79 19,810.00 9,522 109,891.58 P4,558,042.07 ........ P3,682,356.97* 1 Figures furnished by the Chamber of Mines. * Including IXL Argos, P30,233.06, North cm Mining, P457.14 and Salacot, P19,335.74. LOST PIPE LINES Oil companies occasionally lose their pipe lines. Perhaps the maps were misplaced or the markers removed. It would be a tremendous task to dig for them, so a geophysical survey is made, and the pipes are locted, traced and mapped. Geophysical methods locate and trace mineralized structures in the same way. Of course locating structures is much more complex than finding pipe lines, and highly skilled geophysicists and geologists must interpret the geophysical data in terms of geology. Developments’ staff of experienced and proficient technicians, geophy sicists and geologists have conducted geophysical surveys in the United States, Canada, Alaska, Mexico, and the U. S. S. R. They have made many surveys in the Philippines, including a number on producing properties. Write or phone for an appointment to discuss details and costs. Preliminary discussions will be treated confidentially and with no obligation. DEVELOPMENTS, INC. Filipinas Bldg. P. O. Box 3230 Tel. —2-17-46 Manila. P. I. 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