CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXI, Issue 18552, 30 November 1925, Page 10

CHRISTCHURCH STOCK EXCHANGE.

SATURDAY'S TRANSACTIONS. Sales reported:—New Zealand Breweries, 603 3d (two parcels). Sales on 'Change:—N.Z. Refrig. (oontr.\, Ss; Staples Brewery, 39s 9d (two parcels); Electro. Zinc (pref), 32s 9d, 335, (deferred) 31s 6d. LATEST QUOTATIONS.

Andrew's Day). OTHER EXCHANGES. (PRIiSS ASSOCIATION TELEGRAMS.) AUCKLAND, November 28. Sales —New Zealand Inscribed Btock, 1927, £97 ss; New Zealand Breweries debentures 24s lOd (two) ; Benk of New Zealand 57s 6d; Electrolytic Zinc 335; Gear Meat 39s 6d; New Zealand Breweries 60s; Kawarau 7s; Waihi 22s 6d. • - DUNEDIN, November 28. Sales—Kawarau 7s 4d (two), 7s 3d. Sale reported : —New Zealand Refrigerating (cont.) 8s Id. MOUNT LYELL MINING CO. The account of the Mount Lyell Mining and Railway Company for the year ended September 30th, show a net profit of £174,605, after providing £81,314 for depreciation, and. £11,274 for prospecting, as compared with a net profit of £151,102 for the preceding year, when £29,415 was writtyi off as depreciation. With £441,291 brought forward £615,896 was available out of which two dividends were paid, absorbing £128,920, leaving £486,976 to be carried forward. Income received as interest and dividends amounted to £37,587, as against £25,957 a year ago. The surplus liquid assets at £950,861, appear to be £145,347 higher than a year ago, but actually the increase is only £16,347, a.3 last year £130,000 was deducted for "capital expenditure authorised." These surplus liquid assets do not include £168,905 for shareholdings in the other companies. The directors consider it essential to maintain liquid assets on a strong basis in view of further capital expenditure, especially in connexion with extensions to the chemical works. Expenditure on construction necessary to enable improvement and economies to be effected absorbed £27,062 during the year. Since the close of the financial year a dividend o'f Is, together with a bonus of 3d, absorbing £80,575, has been declared. WORLD'S SUGAR MARKET. The price of sugar on the world's markets has steadily declined during the past fewmonths, and has now reached an unusually low figure, the latest Cuban price being 8s 7Jd per cwt. The trend of the world's markets might be gauged from the following Cuban prices: February, 1924, 28s 6d per cwf April, 1924, 25s 3d; November, 1924, 17s'6d; February, 1925, 13s; and November, 1925, 8s 7Jd. GOLDSBROUGH, MORT. The Christchurch Stock Exchange have received the following cablegram from Goldsbrough, MoTt and Co., Ltd.:— "At ths general meeting on December 16th, the directors will recommend an interim dividend at the rate of 10 per cent, per annum for the six months ended September 30th on one and a half million shares, part capital of company, excluding two hundred and fifty thousand new shares." BUILDING LOAN. An announcement appears in th.l 3 issue concerning a specia' buildings loan debenture issued by the Auckland Hospital Board. The largo increase in the population of Auckland has rendered increased hospital accommodation essential and the additional money is required to pay for new buildings. Of tho issue of £300,000, over £220,000 has already been taken up. POULTRY PRODUCERS, LTD. Tho Canterbury Co-op. Poultry Producers, Ltd., report that tho market was fairly well supplied' with poultry last week, but the demand was good and prices remained firm at late rate 3. Following were prices per p a i r; — Table chickens 3= to 15s 6d, hens 6s to 11<>, ducklings 9s to 16s 6d, ducks 8s 6d to lis, geese 8s to I'a, and turkeys 18a to 45e. A." 'keen demand was experienced, for. eggs, and a rise in prices took place. The following prices per dozen were realised:— First grade hen eggs Is 9d, second grade hen eggs Is Bd, duck eggs la 9d. TATTERSALL'S HORSE SALE. Messrs H. Matson and) Co. had an entry of 32 hoisea at Taitersall's on Saturday. Tho j entry included a few good farm such as most buyers are in search of, "and i they sold readily at satisfactory figures. As has been the case at late sales, the bulk j 0 f the yarding comprised harness horses, j backs, a'ndi aged' draughts, of all descrip- j tions, and nearly all changed hands., The ■principal transactions were:—For TreVaven | Bros Styx, eight-year-old mare £23; client, eix-yekr-old mare £39 10s; J. Gilbert, Mid- ! dleton, *«ed hack gelding by Bonny Glen j £ls- H. Crawshaw, Beckenham, agedi mare ' £l3 10s; Peninsula client, aged hack marc £ 7 • F. ' Matthews, Heathcote, aged gelding *7' los: B. Ballin, Spreydon, aged pony £11; c McConochie, Upper Riccarton, nine-year-old "elding £l4 ss: T. Evans, Papaniii, aged mare* £l2' l° s ; client, nine-year-old mare j £lO 10s; agedi hacks and harness horses Bold j

Buyers. Sellers. £ 8. d. N.Z. GOVT. DEBENTURES— 4j per cent. Inscribed, 193S 96 0 0 96 7 6 4i per cent. Inscribed and Bonds, 1939 — 96 10 0 51 per cent.. Inscribed', 1333 99 0 o ioo o o 5£ per cent. Bonds, 1933 99 0 0 — COMPANY DEBENTURES— N.Z. Breweries, Inscr. and Bonds — 15 0 BANKSAustralasia. 13 19 0 H 3 6 Aust. Bank of Commerce . 1 9 6 — Comm. o! Sydney 23 5 0 — E., S., and A. .. 7 & 6 7.11 0 National cd Australasia (£10 paid) 16 12 6 16 19 0 National of N.Z. 6 15 0 — New South "Wales (cum div.) 42 5 0 42 10 0 New Zealand 2 17 0 2 17 6 P.. and 0. Bank — ff 12 fi Union of Aust. 14 18 6 15 0 0 Victoria, (ord.) 7 10 0 — "Western Australian 2 13 3 2 15 0 INSURANCE— National — 4 10 New Zealand 1 17 6 1 IT 10 South British 2 12 0 — LOAN AND AGENCY— Dalprety aJld Co. 15 2 6 —' Goldsbrou;;b, Mort (cum ' div.) 2 7 9 2 8 0 Croldsbroujib, Mort (new) 2 6 9 2 7 6 N.Z. Loan and Merc. (ord. stock, cum div.) 94 0 0 99 0 0 N.Z. and River Plate 1 1 9 — SHIPPING— Howard, Smith 1 13 3 — Huddart-P&rker 2 3 6 2 4 0 Huddart-Parker (pref.) ' 1 0 0 1 1 0 Union (pref.) .. ., — 110 FROZEN MEAT— N.Z. Refrig. (paid) .. 0 16 10 — N.Z. Refng. (contr.) .. 0 7 11 0 8 2 WOOLLENS— Kaiapoi (I7e paid) 0 8 6 0 9 0 COAL— "Westport .. .. — 1 12 3 GASAshburton 4 10 0 4 19 0 Timaru .. .. — 7 10 0 BREWERIES— Crown .. .. 0 19 0 116 Manning 1 18 6 2 0 0 New Zealand 3 0 0 3 0 6 Staples 1 19 91 2 0 0 "Ward 3 13 6 4 0 0 MISCELLANEOUS— Beath and Co. — 1 13 0 Beath, Schiess • 0 10 0 — Burns, Philp (South Sea) 1 1 0 — Colonial Sugar . Si 15 0 52 10 0 Electro. Zinc (pref.) .. 1 12 9 1 13 1 Electro. Zinc, (deferred) 1 11 3 1 11 7 Glenmore ' Brick and Tile 1 3 6 — Henry Jones Co-op. (cum div.) 2 3 9 — N.Z. Farmers' Co-op. fLst pref., cum div.) — 3 14 0 N.Z. Gu«,Taiitee Corpn. 0 9 0 0 10 • 0 N.Z. Paper Mills — 13 0 N.Z. Sugar of Milk .. 1 5 6 —• "Weeks, Ltd. (fully pd.) — 11 o 0 MINING— Kawarau • 0 6 8 0 7 0 Mt. Lyell (cum div.) .. . 1 5 2 15 9 The Exchange will be closed to-day (St.