MINING.

Press, Volume LXIX, Issue 20909, 17 July 1933, Page 11

MINING.

CROMWELL GOLD. By an amalgamation between the applicants for prospecting licenses, and the owners of the freeholds of areas on the Cromwell Flats a new company to be known as the Bell Smith Consolidated Gold Mining Company, Ltd., has been promoted. The company will have a total area of 104 acres (approximately) and a capital of £75.000. These areas adjoin the Bell Hooper company's claim and have a frontage to the Kawarau river of more than 40 chains. Messrs Perry and Nunes, the organising brokers, report that reservations for shares largely exceed the number required and that the company will go to allotment within a few days. The company will commence operations immediately it goes to allotment. BELL HOOPER CROMWELL GOLD, LIMITED. A report for last week slates: —"De- i velopment work is proceeding steadily. The wash-up this week produced 15oz ladwt." OI'ITONUI DEVELOPMENTS, LIMITED. The mine manager's report for the week ending July " is as follows: — From the plans of the Hilaa and Lannigan's mines I estimate that there is more than 40,000 tons of ore ready to stope in the Hildi above water level over Lannigan's adit level; the ore worked from various places showing on the plan is less than 5000 tons. I have not penetrated very far into the Hilda mine as yet: the plans are very handy to guide the 0,-oration of opening up and sampling, and this matter will be put in hand forthwith. The T.Yf.S. reef is a cross reef crossing both intrusives and other reefs, and carry- | ii:g auriferous country on its eastern wall. If the reef liv '; to the Opitonui reef and also carries the auriferous country with it. enrichment will occur in the big fellow cast of the .junction.

APPLE EXPORT. MARKET SLIGHTLY FIRMER. LONDON, July 14. Apples at Liverpool are rather firmer, Tasmanian Cleopatras 4s to 7s 6d a case, Sturmers 4s to Cs 9d, Dunns 4s Cd, Romcs 4s 3d to 6s 9d, Jonathans 2s 3d to 7s lid, Granny Smiths 10s 3d to lis. Victorian Sturmers 5s 6d to 6s 9d, Jonathans 7s to 7s 3d, Yates 10s :o 10s Cd, Grannys 10s, Romcs 4s Ud to 7s 9d, Democrats 7s.

At Hamburg prices are firm with a good demand. Victorian Jonathans 9s 2d to lis Sd, Dunns 10s to 12s 9d, ftymers 7s to 8s 2d, Grannvs 10s to 14s 2d.

I WHITEBAIT. A COSTLY DELICACY. Whitebait are running in the Waikato river in small quantities, and since the season opened on July 1 an average of about three tins a day has been railed from Tuakau to various parts of the North Island. There are about 401b in a full tin, and in the flush of the season, generally about August or September, it is not unusual for 20 tins to be dispatched from Tuakau in a day. Whitebait fishers have established their camps along the river for about 15 miles upstream from the sea. and several launches go down daily with buyers to purchase the catches. Those who had money to spare yesterday could have got rid of it in other ways besides going to Trentham (states Friday's Wellington "Post"). They could, for instance have bought whitebait, for the first supplies of the season of this delicacy were on sale in some of the Wellington shops. Fancy prices were being asked for the contents of the four tins which had come from the Waikato, but prices will probably be lower in a few days when further j supplies arrive. It will not be Ion? before Foxton and the West Coast will I be supplying the Wellington market. I

AUSTRALIAN GLASS. IMPROVED RESULTS LAST YEAR. Particulars of the increased profits and dividends of the Australian Glass Manufacturers' Company, Ltd., for the year ended March 31, with a comparison of the previous year's operations, are as follows: Year ended March 31. 1932. 11)33. £ £ Net profits .. 92.137 122,430 To reserve .. Div., ord., p.c. .. 7.', 9 Div., ord., amount .. 69.786 83 743 Div., pref., 9 p.c. .. 15.750 15.750 Forward .. 102.2G4 105,210 Gross profit, interest, T . ct c. .. 203,706 370,801 LiabilitiesCapital— Ordinary .. 030,478 1)30.478 Preference .. 175,000 175.000 Reserves .. 300,876 400,876 Creditors and taxation provision .. 109,461 181,900 Assets— Freehold .. 180,043 189,985 Machinery .. 238,252 236,786 Stocks .. 371,156 420,754 Debtors -. 285,362 280,380 Cash , . ]3 figg Goodwill ;; 114,500 H4>oo Loans and investments 578,514 595,101 Gross profits and receipts from interest, rent, etc., increased by £B7 095 ana net profits by £30,302. Sundry creditors and provision for taxation show an advance of £72,445, against an increase of £21,018 in sundry debtors. pln™ ua,iol l of slocks is higher by and cash amounting to -l.ibbo has been added to the liquid assets. Loans at short call and investments have been increased by £l6 587 and the valuation of freehold properties is higher by £9942. I 1

INVESTMENT COMPANY. STRENGTHENING POSITION. The directors of the Wellington Investment, Trustee, and Agency Company, Ltd., in their forty-seventh annual report and balance-sheet for :b----year ended June 30, 1933, state thri the ordinary working profit for tl; ■ year amounted in the first instance to £3508 7s 10d, but the sum of £3OOO was utilised to make provision again? t osses on securities. The position of the company has thus been strengthened, as reserves have not been encroached upon. The directors recom ■ m ? nd „ that the available balance of £1440 7s 8d (inclusive of the amount brought forward from last year) should be carried forward Messrs George Shirtcliffe and G. A. Troup, retiring directors, being eligible, offer themselves for re-election. The auditors, Messrs E. Bucholz and S. M. Hobbs, also offer themselves for reelection. „?o e yivP ue last y ear amounted to £12,556; net profit, £4526; and reserves, including reserve for depreciation of security and mortgages totalled £34,929. A dividend of 5 per cent, was then paid. I

CHRISTCHURCH STOCK EXCHANGE.

SATURDAY'S TRANSACTIONS. Markets generally were firm on call on Saturday morning, and there was a good volume of diversified business with activity in sold mining shares. Transactions, exclusive of vestibule business, were:— 367 Comm. Bank of Aust. (cum div.) 10 National Bank of Australasia (£lO paid). 50 E„ S., and A. Bank. 250 Bank of New Zealand. 20 Union Bank of Aust. (cum div.). 20 Dalgety and Co. 222 Goldsbrough, Mort. 150 United Building Society. 350 N.Z. Refrig. (10s paid). 300 New Zealand Breweries (cum div.). 100 Beath and Co. (Is paid). 100 Electro. Zinc (ord.). 200 Mount Lyell. 300 N.Z. Newspapers. 100 Alexander Mines (13s 6d paid, cum div.). 200 Big River. 150 Blackwater. 000 Fresh rord. 200 Golden Dawn. 100 Golden Sands (ex div.i. 500 Kildare. j 300 King Solomon. \ 500 Lawson's Flat (Is paid). ! 50 Okarito.

Commercial Bank of Australia shares cum dividend were easier with dealings at 16s 4d and 16s 3d, and more were offered at 16s 4d; buyers at 16s 2d. E., S.. and A. had business at £5 Is 6d and more were offered at £5 Os 6d, buyers at £5. National of Australasia £lO paid shares were firm with buyer? and business at £l2 19s. Bank oi New Zealand advanced to 495, and there were further sellers at that figure, buyers at 43s lOd. Union Bank of Australia cum dividend were firm at £9 market closing £9 0s 6d buyers. £9 2s sellers.

j Miscellaneous. Dalgcty and Company shares moved up 1o £9 10?. and there were further buyers at thai: price; sellers at £9 lis. Goldsbrough. Morts changed hands at 28s 7d and 28s 4d. closing quotations 28s Gd buyers. 23s 7d sellers. United Building Society shares were fractionally firmer at 17s 3d, and late offers of 17s 2d failed to attract sellers. New Zealand Refrigerating 10s paid shares were fractionally weaker with sellers and dealings at 6s 6d, buyers at Gs sd. New Zealand Breweries cum dividend were easier with dealings at 34s 3d and 34s 2d, and further sellers at 34s 4d; buyers at 34s Id. Beath and Company is paid shares were firm at ss. Electrolytic Zinc ordinary shares advanced to 23s 3d, buyers staying in at that price; sellers at 23s 4d. Mount Lyells rose to 22s 6d. closing quotations Id on either side. New Zealand Newspapers were firm with business at 26s and further buyers at 25s 9d, sellers at 275.

Alexander Mines partly paid cum dividend rose to 20s 9d, buyers staying in at that price, sellers at 21s 2d. Big Rivers were firm with buyers and business at Is 4}d. Blackwaters were fractionally firmer with buyers and dealings at 265. Freshfords remained at lOd. Golden Dawns moved up to 2s 3d. and there were further buyers at that figure. Golden Sands ex dividend realised 2s lOd. Kildares were firmer with business at 2s 3d. and further buyers at 2s 2d. King Solomons recovered to 2s. market closing Is lid buyers, 2s sellers. Lawson's Flat Is paid moved up to Is 3Jd, and more were wanted at that figure; sellers at Is Ccl. Okaritos were fractionally firmer with buyers and business at lls ld - Mining House Concessions 3d paid were firm at 5Jd. National Tobacco were firmer at Cls 6d.

LATEST QUOTATIONS. £ s. d. £ s. d. Buyers. Sellers. N.Z. Government Debentures. I',', p.c. Ins.. 1938-43 100 5 0 4 p.c. Ins., 1940 and bonds, 1940 (ex int.) .. 100 0 0 4 p.c. Ins., 1949 .. 100 10 0 Banks. Adelaide .. 5 14 0 Australasia .. 11 5 0 Comm. of Aust. (cum div.) .. 016 2 016 4 Comm. of Sydney 16 16 6 16 19 0 lE.. S., and A. 5 0 0 5 0 6 Natl, of A'asia (£lO paid) .. 12 19 0 13 0 0 Natl, of A'asia (£5 paid) 6 3 0 6 6 0 New South Wales 32 2 6 32 6 0 Natl, of N.Z. .. 319 6 4 1/0 New Zealand 2 810 2 9 0 New Zealand <"D" Mort. shares) .. 110 3 110 4 Union of Aust. .. 9 0 6 9 2 0

Insurance. National .. 016 4 016 7 New Zealand (cum div.) .. 2 10 4 Standard .. 2 13 6 Loan and Agency. Dalgety and Co. .. 910 0 911 0 Goldsbrough, Mort 18 6 18 7 Mutual Benefit .. 810 0 N.Z. Guarantee Corporation .. 0 6 3 N.Z. Loan and Merc. (ord. stk.) 41 0 0 Permanent Invest. 7 0 0 United Bldg. Soc. 017 2 Shippinjr. Huddart Parker 19 0 110 9 P. and O. def. stk. 13 6 14 6 Frozen Meat. Canterbury .. 915 0 9 7 6 Canterbury (pref.) 5 2 6 Gear 1 13 0 N.Z. Rcfrig. (£1 . paid) 015 6 015 11 N.Z. Rcfrig. (10s paid) .. 0 6 5 0 6 6 Woollens, Kaiapoi (pref.) .. 012 3 016 0 Coal. Wcstport .. 012 9 013 3 Gas. Chrisf church .. 16 6 17 6 Christchurch (10s paid) . . 0 13 0 Timaru .. 10 0 Breweries. Carlton .. 1 17 6 New Zealand .. 114 1 114 4 Staples .. 16 3 1 610 Timaru (7s 6d paid) 0 4 6 0 4 9 Tooths .. 118 3 119 0

! Miscellaneous. Aust. Paper and . Pulp l 11 6 1 13 0 tAnialß. Wireless 1 12 0 ) Amnlg. Wireless ' (con.) .. 12 0 I \ur.tralian Glass 2 7 3 2 7 6 ! Death and Co. .. 16 0 18 6 I Beath and Co. i <ls paid) . . 0 4 10 0 5 5 ! British Tobacco . . 1 13 6 114 6 I British Tobacco ] (pref., cum div.) 13 0 1 10 0 i Burns. Philp .. 2 8 6 2 110 : Colonial Sugar 57 2 6 D.I.C. (10s pd.) .. 0 11 0 :D.I.C. (pref.) .. 10 6 I Dom. Fertiliser .. 0 13 10 0 14 6 ; Dunlop Rubber .. 0 18 1 0 18 3 Electro. Zinc (ord.) 13 3 13 4 Electro. Zinc, fpref.) 1 12 0 1 12 9 Henry Jones Co-op. 1 18 0 Howard Smith .. 0 9 6 0 10 3 Kauri Timber .. 0 12 6 0 13 6 Milburn Lime .. 1 12 6 Mount Lyell .. 12 5 12 7 N.Z. Drug Co. .. 3 5 0 N.Z. Farmers' Coop. 44 p.c. stk 1940 62 10 0 65 0 0 N.Z. Farmers' Coop. 4* p.c. stk. 1945 61 0 0 N.Z. Farmers' Fertiliser (cum div.) 0 16 0 N.Z. Paper Mills 1 G 0 17 0 N.Z. Newspapers 15 9 17 0 Victoria Nyanza Sugar ~ 0 14 0 0 18 0

Buyers. Sellers. £ s. d. £ s. cl. Whitcombe and Tombs .. 3 2 6 Wool worths (N.Z.), pref. 1 15 0 1 18 6 Woolworths (Sydney), pref. £lpd. new . . 14 7 Woolworths (Victoria) pref. .. 14 6 15 0 Mining. Alexander (cum div.) .. 10 0 15 0 Alexander (13s 6d paid, cum div.) 10 9 112 Big River .. 0 1 4J 0 1 5 Blackwater .. 16 0 16 1 Bell Kilgour .. 0 14 Central Shotovcr <9d paid) .. 0 10 0 12 Consolidated .. 0 116 Cornish Point .. 0 0 5 0 0 6 Freshford .. 0 010 0 011 Gillespie's Beach (9d paid) .. 0 16 Golconda (6d pd.) 0 16 Golden Dawn .. 0 2 3 0 2 5 Golden Point .. 0 0 1 0 0 2 Golden Sands (ex div.) .. 0 210 0 3 0 Kildare" .. 0 22 King Solomon 0 111 0 2 0 Lawson's Flat (Is paid) 0 1 31 0 1 6 Mahakipawa .. 0 0 2 0 0 3 Mahakipawa pref. .. 0 0 3 0 0 5 Nokomai .. 0 3 3 0 311 Waihi . . 12 0 - Okarilo 0 111 011 11 WaThi Grand Junction .. 0 3 5 0 3 7 Waitahu (4s 6d paid) 0 6 7 0 610

UNLISTED STOCKS. All transactions in stocks quoted in .his section are subject to double rate of brokerage and are not quoted on the official list. Buyers. Sellers. £ s. d. £ s. d. Aotearoa Gold Prospecting . . 0 2 5 0 2 7 Bell Hill .. 0 3 9 0 4 9 Bell Hooper . . 0 0 11 0 10 Brian Boru .0136 0 16 0 Invest. Ex. Trust "B" debt. . . 80 0 0 86 0 0 Charleston Sluicing 0 16 0 19 Maetewhenua <Gd paid) 0 0 5i Mining House Con. <3d paid) 0 0 5 0 0 5i National Tobacco 3 0 0 3 1 6" Skippers (3d paid) 0 0 3i 0 0 6 Snowy River .. 0 3 3 0 3 6 Sun Newspapers 0 310 Temuka Flour .. Wetherstones, Ltd. 0 2 3 0 2 9 Woolworths (N.Z.) ord. 4 0 0 Sales. 300 Mining House Concessions C3d paid) .. 0 0 51 50 National Tobacco .. 3 16*

SATURDAY'S SALES. CIIRISTCHURCH. Sales on 'Change. £ s. d. Com. Bank of Aust. (cum div.) <2) 0 16 4 0 16 3 Natl. Bank of A'asia. (£lO paid) .. 12 19 0 Bank of New Zealand 2 9 0 Union Bank of Aust. (cum div.) .9 10 Goldsbrough, Mort .. 18 7 18 4 United Bldg. Socy. 0 17 3 N.Z. Refrig. (10s paid) (2) 0 6 6 New Zealand Breweries (cum div.) (2) 114 3 1 14 2 Beath and Co. (Is paid) .. 0 5 0 Electro. Zinc, (ord.) 13 3 Mount Lyell <2) 12 6 Alexander (13s 6d paid, cum div.) (2) 10 9 Big River 0 1 4! Blackwater (3) 16 0* Freshford <2> 0 010 Golden Dawn .. 0 2 3 Golden Sands (ex div.) .. 0 210 Kildare • ..023 King Solomon ..020 Okarito oil 1 Lawson's Flat (Is paid> 0 1 3k Sales Reported. E.. S.. and A. Bank .. 5 16 Dalgety and Co. ..9100 Bank of New Zealand .. 2 9 0 N.Z. Newspapers .. 16 0 AUCKLAND. Sales on 'Change. £ s. d. oi p.c. stock, 1938-43 ..100 0 0 4 p.c. stock, 1949 .. 100 10 0 Union Bank .. .. 9 0 6 National Insurance .. 0 16 9 Goldsbrough, Mort .. 18 5 18 6 Northern Steam .. 0 5 3 Blackwater .. .. 16 0 Golconda .. .. 0 12 WELLINGTON. Sales Reported. £ s. d. Colonial Sugar .. .. 57 0 0 Waihi .. 12 4 DUNEDIN. Sales on 'Change. £ s. d. N.Z. Refrig. (con.) (2) 0 6 6 Sales Reported. Union Bank .. .. 9 10 Gillespie's .. ~ 0 17 N.Z. Breweries .. .. 114 5 Bell, Kilgour .. 0 14

SYDNEY. On the Sydney Stock Exchange on Saturday morning sales were:— £ s. d Commonwealth Bonds, 4 per cent.— 19 38 .. .. .. 102 13 9 1947 104 7 6 1950 •- .- .. 105 2 6 1955 .. .. 104 2 6 Associated Newspapers .. 0 8 5 Assoc. Newspapers (pref.) 018 4A Dunlop Perdriau .. 0 18 4| Henry Jones .. .. 1 18 9 WAR LOAN STOCK. RUGBY, July 15. British 3! per cent. War Loan stock is quoted as follows: £ s. d. July 15 .. .. 98 2 6 July 13 .. .. 98 5 0 July 12 .. .. 98 6 3 July 10 .. .. 98 5 0 July 7 .. .. 98 5 0 July 6 .. .. 98 11 3 July 4 .. .. 98 12 6

METALS MARKET. LOXDON, July 15. y notfiti«.as : July 13. July IS. A ton. A ton. CopDn- £ s , <1 £ a. d. sutidai-.f, spot .. ay t -i\ y,i 5 7'. Forward .. 38 c 'J 88 9 -U Kltctroiytio .. i'i r> 0 4L 10 0 to .. .. .<■> J5 o 42 10 0 Wire Vrar-i :2 I.} 0 ■)■: 10 0 American electrolytic: 5 j-pi- lb. LeadSpot .. .. 1.1 6 .1 1.1 S 0 Forward .. 33 I'2 li 33 10 0 Spelter—- ■ Spot .. .. IV IS '.) 17 15 0 Forward .. 18 0 0 17 15 0 TinSpot .. .. 21-1 I-J fi 211 12 G Forward .. 214 12 6 211 7 6 SilverStandard, per oz. 18! d 1G1!-I6d Fine, por oz. .. IOJd 20jd Piniron— Home Hade Export .. .. Antimony— British .. ... -- .19 5 0 Foreign .. „. A unit. MolybdeniU .. Wolf ran, ... „