CHRISTCHURCH STOCK EXCHANGE

Press, Volume LXX, Issue 21084, 8 February 1934, Page 11

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY'S TRANSACTIONS Markets continued firm and active on call to-day and there was a large turnover with heavy trading in Bank shares, Breweries, and Lyells. Prices of several stocks showed improvement on late rates. Transactions, exclusive of vestibule business, were:— Sales on 'Change.

Commercial Bank of Australia shares, cased to 17s Bd, market closing Id on either side—the preference realised L.) .is and late offers at that price failed to attract sellers. E„ S., and A. Lank snares moved up to £5 17s Gd. Bank of New South Wales eum dividend were firm at £33 2s Cd and A-.ws ss, and these were buyers' and sellers' closing quotations respectively Bank of New Zealand were steady at 50s 9d, but eased at the close to 50s 4d sellers. Union Bank of Australia remained at £lO Is, and there were further sellers at £lO.

Australian Provincial Assurance changed hands at lis Id and lis 2d. Buyers of New Zealand Insurance cum dividend raised their bids to 59s without attracting sellers. Dalgetys were easier. with sellers and business at £lO 7s. Goldsbrough, Morts were weaker at 34s 3d, 34s 2d, and 345. United Building Society rose to 20s. Canterbury Frozen Meat were dealt in at £9 15s, and more were offered at that, price. N.Z. Refrigerating 10s paid shares eased to 8s Id and sellers of the fully paid came down to 18s 3d. Westport Coal shares were firmer on buyers' offers, 15s Id.

New Zealand Breweries ranged from 41s to 41s 3d, and more were offered at 41s. Staples Brewery shares cum dividend of 6d a share were firm at 30s. Timaru Brewery 7s 6d paid shares had business at 5s lid. Tooths Brewery shares advanced to 44s 9d. 44s 7d, and 44s Bd, and more were wanted at 44s 9d. Dominion Fertilisers realised 17s Id. ! Dunlop Rubbers declined to sellers and dealings at 20s 3d. Electrolytic Zinc ordinary were fractionally firmer with buyers and business at 27s 3d. Mount Lyells showed an easing tendency with dealings at 25s 6d and 25s 4d. and further sellers at the lower price. Alexander (13s Cd) paid shares were j easier with business at 15s fid. Glenroy I were a shade firmer at Rid. Golden j Point remained unaltered at 3|d. Mahakipawn were steady at 2d. Nevis Diesel Electric were a shade firmer lat Is. New Cornish Point Bd paid were j steady at 7d. Waihi Grand Junction were fractionally firmer at 5s Id. Waitahus were firm at 5s 9d. Unlisted Stocks. Snowy Rivers changed hands at l|d and more were wanted at that price. LATEST QUOTATIONS J

SYDNEY On the Sydney Stock Exchange yesterday some irregularity was noticeable in industrials, but the market was strong, with an increased turnover.

MELBOURNE Queensland National Bank 515 0 National Bank (£lO paid) 13 9 0 Dunlop Perdriau .. .. 10 6 British Tobacco .. 1 17 3 LONDON STOCK EXCHANGE (BRITISH OFFICIAL WIRELESS.) (Received February 7, 7.5 p.m.) RUGBY, February 6. On the stock exchange, a restriction of business was attributed to unsettling news from the Continent. Goldmining shares were inactive. British Government stocks were steady. WAR LOAN STOCK (BRITISH OTPICHL WIRELESS.) RUGBY, February 6. British 3J per cent. War Loan stock is quoted as follows: £ s. d. , February 6 .. 101 15 0 February 5 .. 101 13 9 January 31 .. 101 10 0 January 29 .. 101 6 3 ' January 26 .. 101 5 0 January 24 .. 101 6 3 January 23 .. 101 6 3 January 22 .. 101 15 0 < MERCANTILE STOCKS ; <

I --— *— — THE PRESS, THURSDAY, FEBRUARY 8, 1934. FINANCE AND mMMPPrp DAIRY PRODUCE MINING ! CHRISTCHURCH STOCK £ s. Buvei i SelLlI WELLINGTON '^'^^•-l-TJLXTJ.JLJil.^^Ui EXCHANGE M _ , Brcwerfe«._ Sales on 'Change. £ <; d —o „ _, New Zealand REVIEW FOR JANUARY ALEXANDER RETURN Staples (cum div.) 2 0 1 9 9 2 0 1 1 9 0 National Bank of N.Z. .. 4 5 0 9 Goldsbrough, Mort .. l 14 0 3 N.Z. Guarantee Corpn. or-? ! Timaru (7s 6d pd.) 0 4 9 0 G WOOL TAXATION OF GAS YESTERDAY'S TRANSACTIONS 5 COMMENT BY A. II. TURNBULL ESS « s °«"">» «u.oka M ., whUe SUr -• 1 7 2 4 o \ a ■> n 1 Wellington Gas ..* .. i y£ q 2 4 10 N .Z. Breweries .. .. 2 oil 0 10 0 | o i n . .— SECOND SALE AT i CHRISTCHURCH COMPANY COMPLAINT MADE AT ANNUAL AND COMPANY EEFT S if 1 7 i nT Markets continued firm and active Miscellaneous. The Alexander mines clean-up for t r n„ „. tu,.„ 0 i,,,nH on cal1 to-day and there was a large Aiv:t. Paper and January was as follows: —Three huna- . . ' , , r>,,ir> 1 -\a ., ■ u ± t „ ,..„,.„ turnover with heavy trading m Bank ? ui P ■■ 1 14 A. H. Turnbull and Co., Ltd., report %*£* «*"«* Breweries, and Lyell, Prices AHied .. as follows:— weights of melted gold. Cyanide: Two of several stocks showed improvement Amalg. Wireless 6 1 16 0 5 0 1 16 British Tobacco .. .. 1 16 10 Bell Kilgour .. 0 0 11 Blackwater .. 1 17 0 3 Waihi , 2 ) 1 10 6 ° (2) 1 11 0 1 „ .. 1 11 3 Unlisted Stocks. I ~—- MEETING i m , - ., . ,, T , hundred and nine tons of sands were on late rates. (contr) 1 2 6 ', I The following are the London mean treated for 43 ounces 14 penny-weights Transactions, exclusive of vestibule Anthony Hordern 0 15 8 0 16 0 Southern Cross Assurance 0 1 7 | REALISATION, £629,436 i quotations for butter and cheese for 0 f bullion. The estimated value is b US m e ss, were:— Beath and Co. .. 1 9 0 1 10 0 DUNEDIN 1 the month:— £1380, and concentrates, valued at ' ' Beath and Co. (Is j — The heavy laxalion which the 1 p.nttoi- | £217 have been saved. In estimating; Sales on 'Chance. 1 paid) 0 7 5 0 8 3 Sales on 'Change. 9 jC s d 3 N.Z. Refrig. (paid), ex div. 0 18 4 King Solomon (2) 0 4 1 Mount I.vPll , ? i AVKRA(iK OF 17d A POIND Christchurch Gas Company has to pay in the form of income tax and other Government charges, amounting to t „ t on -n u o tne above values gold has been taken ; ,, Booth, Macdouald N.Z.. finest: .. ito' * £6 3 fi " e ounce " 1 ™ Bank of Aust. \ 17 % " Kangaroos .. 63 6 62 0 62 6 ■ /0 Coimn bank of Aust. gominioa P Build! F, an ! sl \ •• w t Qf ? £ GOLCONDA MINES, LTD. 50 E., S., aid A.'Bank '" 5 17 6 ers' Supplies .. Market .. Weak Steady Firm j 5 B £ nk ' of New South' Dominion Ferti1 17 0 12 0 1 0 1 17 9 — The following particulars of the scc£14,000 a year, or 8.34d for every 3000 cubic feet of gas sold, was referred 0 3 6 0 3 11 * " x ° ° Sales RcDortcd. "' oncl Christchurch wool sale held on to by Mr F. I. Cowlishaw at the an- ! Wales .. .. 33 2 6 liser 0 17 1 0 17 4 Okarito 0 9 3 January 26 are supplied by the Christchurch Woolbrokers* Association: nual meeting of shareholders of the C- The following mine mameer's re- 250 A.P. Assurance (2) 0 11 1 Dunlop Rubber Jan. 6. Jan.20. Feb. 3. the lohowing mine manageis le 10 Dalgetv and Co. 10 7 0 Electro. Zinc (ord.) N.Z., white .. 48 0 42 6 42 fi P°rt is supplied for Golconda Mines, , 300 Goldsbrough, Mori. .. 1 14 3 Electro. Zinc (pf., 1 0 2 1 0 3 Bank of N.S.W. (cum div.) 33 5 0 company. Mr Cowlishaw presided in the absence through illness of the 1 7 3 1 7 6 N.Z. Breweries (2) 2 10 Southland Frozen Meat Offered .. 27,682 bales s,,,d • • 27,246 bales Realisation .. £629,436 chairman, Mr Frank Graham. Coloured .. 44 0 42 0 44 6 Ltd., Thames:—During the week the | 1 14 2 cum div.) Market .. Quiet Steady Firm following work has been carried out:—i 114 0 Greater Crystal Timnp? lovtO- Wn hii-P a vke 40 Canterbury Frozen Palace The estimated arrivals in the United S'reef south of the east L. n T Meat (ord.) <2) 9 15 0 Henry Jones Co-op. Kingdom during February, March, and The "it Cation il com 400 N.Z. Refrig. (10s pd.) Howard Smth .. April, compared with actual arrivals nncpH n r mnrt? strinsprs and mi" A , Bn > T „ , (3) 0 8 1 Hume Pipe (Aust.) in rjrevious seasons are as follows-— ? , Q 1121^1 / stringers ana pu t>; .a 150 New Zealand Brewer- Milburn Lime .. in previous seasons, aie as iouows. few co j ours 0 f gold are seen in the jes 2 12 Mount Lyell New 7ealand Butter stringers Seventy foot level: We ■ ■ '" 2 1 0 N.Z. Farmers' Col i\ew Buuer. continued driving west on the hang- 100 Tooths Brewery .249 op. ("A" pref.) f ,nio moo ,„,< ingwall reef. The reef is a strong 100 Dominion Fertiliser .. 0 17 1 N.Z. Farmers' Co193£ 1933. 1934 body of ore carrying nice minerals, 200 Dunlop Rubber (2) 10 3 op. ("B" pref.) February .. 10,371 9,537 14,655 but no gold has yet been seen. The 100 Electro. Zinc (ord.) .. 17 3 N 7. Fwmprtf r n . 1 15 0 1 15 0 (cont.) .. 140 State and municipal undertakings, he said escaped this charge, and were with ?h« eXtent in Unfair competition frnm « co mP.any. Many deputations fiom the gas industry had waited on the Government and made representan 0 r t e^ rd »?g the unfairness of thepresent situation, but the industry had received no redress ' 0 17 1 13 C 0 1 13 Nevis Diesel .. 0 10 6 • Average prices—Per lb 17.032d a bale, £23 2s 0.47d. SYDNEY SALES 0 14 0 13 1 10 1 5 0 5 6 0 15 6 0 15 0 1 12 3 1 5 0 — 0 0 SYDNEY 4 On the Sydney Stock Exchange yes•hT he / n ", UaJ . report was adopted, and diratoM'S recom ™nded by the — 1 10 terday some irregularity was notice0 able in industrials, but the market SOME SORTS 5 PER CENT. at a subs P n, a pn? PP1 '°Y ed and de cJared 1 March .. 12,937 13,867 14,360 ree f i3 Sn two portions diverging away 800 Mount Lyell (4) 15 6 op. (44 p.c. Stock Tlif^? m ( ' meeting of directors. 1 April .. 9,315 11,012 13,9001 from each oth er. We are following (3) 1 5 4 iQ 4 n »*«? iqk?T 70 0 1 7 0 6 1 1 was strong, with an increased turnover. DOWN George c™,M tin 2 g a di , rectors - Messrs re nd e£ed an a d u£orI: S "™^^ AUSTRALIAN TRADE the hangingwall portion and the coun- 500 Glenroy C6d paid) .. 0 0 6{ N.Z. Paper Mills 32,623 34,416 42,915 try rock is improving. The country 50 Alexander (13/6 paid) 0 15 6 Whitcombe and has been verv disturbed on account j»0 ? T 0l^ e , n . Point (2) 0 0 3J Tombs 0 n Morning: Sales. u £ s. d. 9 Q ) 3 l 1 . Commonwealth 4 p.c. Bonds— 0 1941 .. .. .. 106 2 6 1944 .. .. .. 107 5 0 n 1947 .. .. .. 108 0 0 0 1950 .. .. .. 108 10 0 R 1959 .. .. 108 7 6 D National Bank .. .. 6 12 6 Associated Newspapers .. 113 Associated Newspapers (pf.) 12 0 Australian Glass .. 2 11 0 Broken Hill Proprietary .. 2 4 6 CROSSBREDS STEADY (UKITED FRZSB ASSOCIATION— By ELXCTHIC TELIGRArH—COPYRIGHT.) (Received February 7, 11.20 p.m.) New Zealand Cheese. of the break, and the reef should im- wu Mahakipawa 0 0 2 Wilson's Cement 1 7 rTn +nnq prove in values when we get away 6M ""J Cornish Point Woolworths (N.Z.) an tonsj from the influence of the break. We M Paid) .. 0 0 7 pret x „ February .."fee 9% 11093 are putting up-a rise on this; reef to 500 Waihi Grand Junction Woolworths (N.Z.) March .. 13,551 12,631 11170 connect with the intermediate level, 500 Nevis Diescl g \ l Q ord. _ April 8 368 11816 10 907 which should be completed in about 50 Waitahu u i u p _1_ „._ _„_ two weeks. Stoping was continued <JUU ■• •• u ° a Mining. 30.545 34.415 33,170 on tne branch reef south and a few Sa)es Reported _ Alexander . . 0 16 6 nice dabs of gold were seen. 5 Bank Qf New gouth Alexander (13s 6d 9 0 2 5 1 0 0 2 0 SYDNEY, February 7. NEGOTIATIONS BETWEEN MINISTERS Australian Shipments Lower. Wales ... . 33 5 o n P if ld K Australian shipments to date for this TALISMAN DUBBO, LTD "i™ Bank of Aust. 10 1 0 id y°° peV Us season show a falling off of some 3246 ' /1 - uiance ■• xH i Bell Kilgour " tons as compared with the same mo United Building Society 10 0 Bendigo Goldlights period 12 months ago the heaviest de- Talisman Dubbo Gold Mines, 750 New Zealand Brewer- (Odpaid) .. crease being from Victoria. Nt'w Zea- L,lx - ■ lc,u; "" orj Bis River land, on the other hand, has increased Ltd.. had 22 2-3 tons of ore treated cues .. 2 1 0 BI | ckwater " her shipments for the same period by at the Golden Dawn battery for a jqq staples Brewery (cum Brian Boru more than 7500 tons. return of £233 2s Id, actual rcahsa- diV-) / 1 10 0 Central Shotover Commenting upon the general posi- tion. 300 Tooths Brewery 2 4 7 ( $d paid) Hon by cable, Messrs W. Weddcl and ' " 2 4 « Charleston (cum Co., Ltd.. state that the lowest point of '■'" Bank N.Z. .. ( 2) 2 10 0 rights) the market may be looked iipon as HELL MILL CO., LTD. 200 Timaru (7/0 paid) .. 0 5 11 Consolidated past. Considerable f.o.b. business was Commercial Bank of Australia shares Fresnford iccorded during the last month, for- eased to 17s !!d market closing Id on GilIes P ie ' s Beach ward buyers for February and Febru- The f olIowin g report for the Bell either side—1 he preference" realised 9} c ?}' oy J, M pdj 8 Tper b Hill Gold Sluicing Co., Ltd., has been % ablate offers at that price ££ ;; immediately higher prices were asked supplied by the company,- A Bank K)lares movcd UI) ,' « c r Golden Sands .. for. On the other hand, dairy factory Work recommenced at the c mm M . Bank of New South Wale's cum Ki »K Sol omon .. companies have now more confidence on January 8. 1934. As a result oi dividend were firm at £33 2s Cd and T Kuala a I?P ar •• in the future and appear content to the hcay y rains experienced on the £ ;« s 5gf and these wcre b . °'" Lawson s Flat .. continue a consignment policy. West Coast, a large fall of wash was sellers' closing quotations respectively Maerewhenua .. I brought down from the top, and Bank of New Zealand were steady at MahaIil P awa • • Cheese Features. (caused damage to the pipe line and 50s 9d , but eased at th , tn\te Mahakipawa (pf.) O 13 o 0 15 9 Meggitts .. .. 10 0 At the wool sales 12,005 bales were 0 0 10 0 1 0 10 Wilcox. Mofflin .. .. 0 13 1 offered, 10,241 sold, and 1704 disposed 0 0 9 0 0 Afternoon Sales. of privately. Best-conditioned, deeply grown, good merino fleece wools and -" ■ 0 0 8 0 0 9 Bank of New South Wales 33 0 0 i Bank of Australasia .. 13 10 0 all descriptions of skirtings ruled 1 lTHE PBESS Special Service] 0 0 11 1 16 3 1 3 6 0 0 9 0 1 4 0 19 0 0 0 1 0 2 3 0 0 G 0 1 1 17 1 6 S 0 1 0 1 0 19 i 0 0 0 2 0 0 0 0 0 0 C 9 3 4 6 Commercial Bank of Sydney 17 15 0 firm, but the irregularity hitherto noted for fine descriptions lacking length, and also ordinary good free wools, was accentuated, and these can be quoted 5 per cent, lower. Comebacks and crossbreds maintained late rates. Greasy merino sold to 31Jd for five bales from the New England district. AUCKLAND, February 7. Good progress is being made with the trade consultations between- the Minister for Industries and Commerce (the Hon. R. Masters) and the Federal Minister for Customs (the Hon. F. H. Stewart). The discussion, which originated in Wellington, relates mainly to the lifting, under a. system of quantitative restriction of embargoes on Australian citrus fruits and New Zealand potatoes. On the train journey from Wellington, and during their visit to Waitangi, the Ministers have continued their consultations, which will be concluded in Wellington. National Bank (£10 paid) 13 10 0 Union Bank .. .. 10 5 0 Howard Smith .. .. 0 15 9 Australian Gas A .. 7 19 6 British Tobacco .. .. 1 17 44 Tooth's Brewery .. 2 5 0" Toohey's .. .. 18 6 Australian Glass .. 2 10 6 Goldsbrough, Mort .. 1 14 6 Australian Provincial Assur. 0 11 5 RESEARCH IN WOOL INDUSTRY ENGLISH CONFERENCE 0 13 0 0 3 0 2 8 0 4 0 0 0 2 0 0 10. 0 0 2 0 0 2 0 1b 0 0 4 0 3 0 0 4 1 0 15 6 0 0 6 0 0 11 0 0 2J 0 0 5 Anthony Hordern .. 0 15 10J General Industries .. 0 116 General Industries (pref.) 1 0 74 Hume Pipe .. .. 0 13 10 Henry Jones .. ,. 1 13 3 Kuala Kampar .. .. 0 15 0 Mount Morgan 3 14 0 Broken Hill South .. 3 14 0 Broken Hill Proprietary .. 2 4 6 'Received February 7, 7.5 p.m.) LONDON, February 6. The future of the Industries Research Institute was discussed at a conference at Leeds. Mr Neville said" rh^ y H t0 a qUeSti ? n ,' Mr "**"** ThC tcature ° f UlC laSt moaM * U ' ad - pai?%vork n occ C S et foCr°da y" and if a^ d 1h G A " Stralia King House i5 a h t i,h e h W , a i gl ' atlfied , with the ing has bccn the of coloured he clearing of the face of this fall further seller £10 Concessions A d be , en reached in the cheese, as compared with white, latest has meant the loss of more time in Austral?an Provinrial A«, , Mount Morgan " negotiations An element of compro- quotations being white 42s fid and col- sluicing. A period of 76 hours' sluic- changedI hands at 1?, Iri 9 „h 11.?"™ Nevis Diesel miso had oeen a prominent feature, oured 44s ud per cwt. The statistical ing has resu ted in a return of 311 Cm of S 7LilnVr ls 2d Electric and he was hopeful that a satisfactory position of cheese has always been ounces dividendS^hS"wiT^S 06 C New Cornish trade arrangement would be reached, strong, but prices have been influenced — Da ge yl were $->t (IspTiS by the continued fall in butter values. __ _. easier with 1oiw= i,,?„llr„„„ Jl New Cornish 0 1 4 0 0 2. 3 13 0" 0 0 11) 0 1 1 0 0 3 17 0 1 0 1 4 6 22 Commonwealth Bonds, 4 pc J938 105 0 0 "41 106 5 0 944 107 5 0 J2S 1Q 8 5 0 "50 108 10 0 "=! 107 7 6 "p5 107 10 0 "59 108 5 0 " C1 108 7 6 Wright, scientific liaison officer, reCheese stocks are now below norma! GOLDIiN I'OIN I (.OLD AND £10 7s. Goldsbrough Morts were Point (6d paid) 0 0 6? 0 0 9 presented New Zealand. As the instiand with a retail price of 6d per lb crHFFMTV CO ITU weaker at 34s 3d, 34s 2d and 34s Nokomai Mwsrs W. Weddclland Co., Ltd., ex- oC MEELI 1 L ( ()., L 1 D. United Building Society rose to 20s' North Broken 0 10' 0 2 0 tute's works, which include questions PRICE OF GOLD relating to sheep marking, wool packs, pect a steady market. Canterbury Frozen Meat were dealt in H iu — 4 12 6 and wool weaving, are endangered by the loss of an annual grant of £2000 No f.o.b. selling has been reported, at £9 15s, and more were offered at okarlto although some buyers have been ot'er- The following is the report received that, price. N.Z. Refrigerating 10s Oxenbridge Shot0 9 2 0 9 4 MELBOURNE received from the Empire Marketing (BRITISH OFIT'IAL WIRIXESS.) ing for February-March make at 4id f rorn the mine manager of the Golden paid shares eased to 8s Id and sellers over l9d P aid > 0 0 7 0 0 9 Board, the conference discussed plans l ' er lb - ' Point Gold and Sclieelite Co., Ltd.. of the fully paid came down to 18s \ w . al .h'. „ , ■ ■ 1 11 2 1 11 3 for approaching Dominion governments for assistance. LONDON. February 6. America purchased the .whole of the dated February 3: Development- -J- ' 0 5 0 0 5 9 0 5 0 6 1 0 Queensland National Bank 5 15 0 t> £1,200,000 worth of gold sold to-day, at £6 19s 3d a line ounce. Quotations: £ s. d. February 8 .. ..6193 February 5 .. ..700 February 3 .. ..6183 February 2 .. .. C 19 6 February 1 .. .. 6 15 C The New Zealand Farmers' Co-op- Home reef: Drive north-west on the New Zo aland Breweries ranged from u PPer Shotover eratiye Association of Canterbury, home reef advanced 14 feet, from 42 41s to 41s 3d, and more'were offered ,9d P aid> 0 1 5 0 1 8 National Bank (£10 paid) 13 9 0 Dunlop Perdriau .. .. 10 6 COMMONWEALTH CUSTOMS DUTIES Limited, has received the following f eet to 56 feet, on ore averaging fidwt at 41s. Staples Brewery shares cum cable message from Messrs Lovell and 7grs over a wid th of 39 inches. Cross- dividend of 6d a share were firm at unnstmas, i,td..— cut No 4 to pick up the home roef 30s Timaru Brewery 7s 6d paid UNLISTED STOCKS British Tobacco .. 1 17 3 I!, is presumably the aim of the ComButter—67s, 68s. at the low level horizon advanced shares had business at 5s lid. Tooths V/hite che«se—43=; nlne foet ' fl ' om 2of> fect <0 204 ft ' ot ln Brewery shares advanced to 44s 9d Coloured^h PP country. Rise Assays: The assays of 44s 7d. and 44s 8d. and more were cneese—4Ds. (ho samp ] es taken in th_> rise over the wanted at 44s 9d. All transactions in stocks quoted in LONDON STOCK EXCHANGE T.y.r. wealth Government to encourage j January 31 .. .. 6 13 1 Both markets are steady. 31 feet driv .i to connect with the old Dominion Fertilisers realised 17s Id this section are subject to a differen (BRITISH OFFICIAL WIRELESS.) ' urists to visit Australia. If so, it 1 January 30 .. .. 6 12 10 workings gave the following results:— 1 Dunlop Rubbers declined to sellers 1 rate of brokerage from listed stocks. would be well to issue directions to the j Customs authorities that they must not i'ntagonise visitors by petty irritations PRICE OF SILVER ' and dealings at 20s 3d. Electrolytic Zinc 1 and are not Quoted on the official list urnpim mn a ni\i/i r> ■<■ t u t-, . /-. ordinary were fractionally firmer with £ s. d. £ s. d WHEAT TRADING | Position. Inches. Dwt. Grs. buyers and business at 27s 3d. Mount Andersons, Ltd. (Received February 7, 7.5 p.m.) RUGBY, February 6. • writes the Sydney correspondent of ; p'7 r , '.' , \\ Lyells showed an easing tendency with <pref.; 10 0 — On the stock exchange, a restriction tie Melbourne "Argus"). On the first cruise of an ocean liner to New Caleconia a Sydney man. who purchased r. trifling souvenir in Noumea for about 5s, was charged Customs duty on it (BBiTisu ufFiciA'. v.'ittr.i.r.- -s.i 1 J.'"}. 1 '"'A •; '1 dealings at 25s 6d and 25s 4d. and Claude Neon ' "nr< '/■ ,'] '. further sellers at the lower price. Lights ClIICACO FL'TL'RRS i i-l] ]!?. '* '] Alexander (13s Cd) paid shares were Deep Lead, Ltd. ,'•',',; _i ] „ £ j easier with business at 15s 6d. Glenrov (2s paid) " l "' '- ,! fi 1 were a shade firmer at 6id. Golden Goldficlds Dredg2 7 0 0 3 6 2 11 0 4 9 5 of business was attributed to unsettling news from the Continent. Goldmining shares were inactive. British Government stocks were steady. exceeding the cost. He had no use RUGBY, February 6. tniiei. uii'.n I- nmill jPnint remained unaltered at 3|d. ing (ls paid) .. 0 0 71 0 0 82 for this ornament, and when asked for the absurd amount of duty he offered Silver i pence an ounce• is quoted: •i?i 'y, ■■•'Pii - i nivit'iiii •' j i nvc •I'lftir ti\ i'I'm Mahakipawa were steady at 2d. Nevis Hatter's Flat Gold l ' UA(, ,1<AJ '. ( O.. LID. Diesel Electric were a shade firmer (lspaid) Feb. 5. Feb. fi. 0 0 8 0 1 0 WAR LOAN STOCK to throw it into the harbour. This Forward .. 19;; If) 0-10 NFW YORK February 6 | at Is. New Cornish Point 6d paid were Moonlight Nelson rncthod of settling the dispute v/as obSpot .. '.'. 19 11-16 19J fhir-w-f. who'it fiiinrn« -h'-p nnntori- I stead y at 7d - Waihi Grand Junction Creek (ls paid) L-nicdgo wnui luiuics die quoiea. The following is the mine manager's were fractionally firmer at 5s Id.- National Tobacco —. 0 0 114 jected to, and the man was not only 3 8 3 3 10 3 charged duty but also sales tax. A Cents a bushel. rC port to February 3 for the Lon» Waitahus were firm at 5s 9d. N.Z. Mining Invest. 0 0 6 0 0 104. (BRITISH OTPICHL WIRELESS.) Scottish woman, who arrived recently Feb 2. Feb 6. T u Q , d Mi j Co L td--the No" n r * a ai , S' 2 ' Fr P- Fore^s 2 5 0 — from India, where she had been visitCOLOMBO TEA AUCTION ;\Tav fil 1 , 921 UUIU iviimiio uiu.. mi. ino. Unlisted Stocks. NZ Woolpacks July .. ..90 915 2 intermediate level drive was cleaned Snowy Rivers changed hands at ljd Skippers, Ltd (9d •— 0 17 0. RUGBY, February 6. ing a relative, had with her two or British 3J per cent. War Loan stock three presents received there. They September . . . 90; 92& out and driven for a further distance and more were wanted at that price. paid) 0 0 11 0 0 8 is quoted as follows:— were to be treasured for sentimental New York (cash) .. 101 103i of eight feet. The course of the Smith, Wyllie .. — C 12 3 value. The cost would be less than II'EEJS *SSCRlAT!O.V TELEOIUM.) drive vts turned to the left, and a Snowy River 0 0 14 0 0 2 £ s. d. £1, it is said. She was required in strong body of quartz is now showing Sun Newspapers 0 4 6" 0 5 0 February 6 .. 101 15 0 Sydney to pay nearly £1 in duty. DUNEDIN, February 7. at the bottom of the left-hand side. LATEST QUOTATIONS Tru Color Films February 5 .. 101 13 9 Protests were of no avail. "We are Mr L. M. Wright has received the FOREIGN EXCHANGES Some of the loose quartz was panned, r „ v „ pnnlll . nM,«w..,n U (12s paid) and showed a fair prospect. The drive, N - z - Government Debentures. Warners, Ltd. .. on the No. 2 leader was examined. . Buyers. Sellers. Were's Investment — 0 19 6 January 31 .. 101 10 0 here not to adjust difficulties, but to collect duty," she was told. The visitor following cabled report on the Co- — 7 0 0 January 29 .. 101 6 3 January 26 .. 101 5 0 ■will have to petition the head of the lombo tea auction of February 6: —The , otn iu mimics-. and some very rich prospects wcre ob- £ s. d. £ s. d. Trust 0 4 7 0 4 9 January 24 .. 101 6 3 department. Her story, if published in Scottish newspapers, will scarcely market for common broken pekc/s tained. This drive will now be. 3A p.c. Ins., 1930-43 ; Woolworths (Vict.) January 23 .. 101 6 3 was firm; common, medium, and fine ,|. .,.,.,,-,„| i-vi.m-.rv 7 -, ', i, n> , cleaned out and timbered, and tested, and 1939-43 .. 102 0 0 (pf.) 1 7 0 January 22 .. 101 15 0 stimulate touriet traffic. jroken orange pekoes, 1 to 2 cents ' below the floor bv sinking. , 3i p.c. ins.. 1938-52 100 10 0 —• Woolworths (Sydcheaper owing to inferior quality, i lun.isv. Ki'iiruarv «. .4 p.c. Ins., 1940 .. — 101 15 0 ney), ord — 5 12 6 Tine teas declined 3 to 6 cents. The i I'.... K.h. r,. fib. c. ■ 4 p.c. Ins., 1946 .. 102 0 0 — Worksop Extended J. W. STAPLES AND quantity auctioned was 1,510,0001b. ' At next week's sale a total of '■•m>. h- in MAMAKII'AWA WASM-l I* ■ 4 p.c. Ins., 1949 ..102 0 0 102 10 0 (Odpaid) 'i i-i'-i ra-j.-.-.-i- 7sat-:;-j| 4 p.c. Ins.. 1955 ..101 7 6 10117 C 0 0 z\. 0 0 91 MERCANTILE STOCKS COMPANY 1,910,0001b will be catalogued. n , fJM 4 , i:iJ 4 ,„ t j — J g£ f™£ i§£ g? jg $ = ' Montreal, iiui. _ _ | 1 he resident director of the Mahaki-1 | 1500 Snmw Rivnr i?> a s. 0 0 d. U < LONDON, February 6. \ '" -' >■"'''' *■•'•> ; '-""4 1 pawa Goldhelds, Ltd., advises that the 1 Other Debentures. \ " : Jan. 23. Feb. 6. FINAL DIVIDEND OF 24 i r ',' s y;! s -,„ ,, .- ....,,, .,.,., j j wash-up for the week, produced 31 1 Waircre Electric. i £ s. d. £ s. d. STUD ENGLISH LEICESTHHK GjulTu.tr.~u, " "' ' " " ounces of alluvial gold. 6 p.c, 112/fil .. — 10110 Oj AUCKLAND Dalgefy and Co., PER CENT. si -j .", ■_: •_• i ."> in in- i.viM ! ■ Eastbourne Boro. ; shares 8 10 0 8 15 0 FOR AUSTRALIA iii>i.iTihim. il. 4,1 p.c. 1 12/51 — 101 0 0; Sales on 'Change. Dalgety and Co., « n> ii i-j.iiiT T.ri 7.7H All the new coins—-New Zealand's Napier Boro. 5:[ i iiiftii, lire i" own—should be in circulation in p.c. 1/2/45 — m 0 0 N- z - Govt. Bonds £ s. d. p.c. debentures .. 98 10 0 97 10 0 x _ , due Goldsbrough, Mort, c (PHESS ASSOCIATION TELEGRAM.) . ~ l •>-■■*''• r,:i n u; b*i the Dominion bv the end of March. Rotorua Boro. 6 L, „ 15/1/40, 4 p c. L01 10 0 5 p.c. B deb. .. 97 10 0 98 15 0 c

I a THE PRESS, THURSDAY, FEBRUARY 8, 1934. FINANCE AND mMMPPrp DAIRY PRODUCE MINING ! CHRISTCHURCH STOCK | £ s. d. Buvers SeltaS WELLINGTON EXCHANGE Breweries. Sales on 'Change. -* REVIEW FOR JANUARY ALEXANDER RETURN New Zealand Staples (cum div.) 2 0 9 19 0 2 10 National Bank of N.Z. 19 9 Goldsbrough. Mort 4 50 1 14 0 0 8 3 ! Timaru (7s 6d pd.) 0 4 9 0 0 3 K.z, Guarantee Corpn. WOOL TAXATION OF GAS COMMENT BY A. II. TURNBULL ESS « s °«"">» "lboha-.) YESTERDAY'S TRANSACTIONS ToothT White Star .'. 17 6 2 4 9 1 8 9 Wellington Gas .. 2 4 10 n.z. Breweries .. .'. U 10 0 /rti 1 16 6 2 0 11 2 10 1 16 10 0 0 11 1 17 0 1 10 6 1 11 0 1 11 3 . .— SECOND SALE AT i CHRISTCHURCH COMPANY COMPLAINT MADE AT ANNUAL AND COMPANY u REEFTON, Pebruary 7 The Alexander mines clean-up for January was as follows: —Three hunda tt red and fifty-eight tons of ore were A. H. Turnbull and Co., Ltd., report crushed for 189 ounces 11 pennyas follows:— weights of melted gold. Cyanide: Two Markets continued firm and active Miscellaneous. on call to-day and there was a large Aw-t. I'apcr and turnover with heavy trading in Bank P. ul P • • 1 14 6 shares, Breweries, and Lyells. Prices w" 10 ) 5 " , n of several stocks showed improvement Amalg. wfreless British Tobacco .. Bell Kilgour .. .' Blackwater 1 16 3 Waihi , 2 ) 0 5 0 ,%\ 1 16 0 K ' Unlisted Stocks. I ~— ~ MEETING i _,,.,, . ., T , hundred and nine tons of sands were on late rates. (rnntr 1 12 6 ', ! The following are the London mean treated for 43 oun ,, es 14 penny . wei ghts | Transactions, exclusive of vestibule 1 Anthony Hordern 0 15 8 0 16 0 Southern Cr oss Assurance 0 1 7 | REALISATION, £629,436 I quotations for butter and cheese for 0 f bullion. The estimated value is business, were:— Beath and Co. .. 19 0 1 10 ° DUNEDIN 1 the' month:— £1380, and concentrates, valued at Beath and Co. (Is j — The heavy taxation which the 1 nutter | £217 have been saved. In estimating ! Sales on 'Change. paid) 0 7 5 0 8 3 Sales on 'Change 1 17 3 N.Z. Refrig. (paid), ex div. — King Solomon (2) Mount Lyell AVERAGE OF 17d A POUND Christchurch Gas Company has to pay in the form of income tax and other Government charges, amounting to „ t „„ « , -> the above values gold has been taken Jan. 6. Jan.20. Feb. 3 at £6 a fine ounce. N.Z., fincsi; .. 66 0 65 6 66 0 Kangaroos .. 63 6 62 0 62 6 ! 100 Comm. Bank of Ausl. 70 Comm. Bank of Aust. ( (pref.) ! 50 E., S., and A. Bank .. ! 5 Bank of New South £ s. 0 17 9 3 5 17 d Booth, Macdouald o British Tobacco .. a D.I.C. (10s paid) .. q Dominion Buildc ers' Supplies .. Dominion Ferti1 17 0 0 12 9 £ s. d. 0 18 4 0 4 1 1 5 6 The following particulars of the scc£14,000 a year, or 8.34d for every 3000l Danisn " S ? i 5 ? *? " fi . b 1 GOLCONDA MINES, LTD. cubic feet of gas sold, was referred 1 M arket • ■ Weak Steady Firm | 0 3 6 0 3 11 Sales Reported. "' oncl Christchurch wool sale held on to by Mr F. I, Cowlishaw at the an- ! Wales 33 2 g liser 0 17 1 0 17 4 Okarito 0 9 3 January 26 are supplied by the Christchurch Woolbrokers* Association: nual meeting of shareholders of the Cheese. Jan. 6. Jan.20. Feb. 3. The lowing mine managers reN.Z., white 48 0 42 6 42 6 P ort ls supplied for Golconda Mines, 250 A.P. Assurance <2) 0 11 I Dunlop Rubber .. 1 0 2 1 0 3 Bank of N.S.W. (cum div i 33 5 0 company. Mr Cowlishaw presided in the absence through illness of the 1 10 Dalgetv and Co. I 300 Goldsbrough, Mori. .. 10 7 1 14 0 Electro. Zinc (ord.) 3 Electro. Zinc (pf., 17 3 17 6 N.Z. Breweries (2) Southland Frozen Meat 2 10 Offered .. 27,682 bales s,,,d • • 27,246 bales Realisation .. £629,436 chairman, Mr Frank Graham. Coloured .. 44 0 42 0 44 6 Ltd., Thames:—During the week the j 1 14 2 cum div.) 1 15 0 1 15 6 (cont.) 14 0 State and municipal undertakings, he said escaped this charge, and were with ?L 6Xtent in unfair competition frnm « co mP.any. Many deputations fiom the gas industry had waited on the Government and made representam ?l r t ega / dll ?g th e unfairness of thepresent situation, but the industry had received no redress ' Market .. Quiet Steady Firm following work has been carried out:— „, ,. , , . , . ,, » T .. j Tunnel level: We have started a rise The estimated arrivals in the United nn f , „ r „„ rppf <.„,,*], n f 1ne eas t 40 Canterbury Frozen Meat (ord.) (.2) 1 34 9 15 0 Greater Crystal Palace 0 Henry Jones Co-op. 0 17 6 1 13 0 Nevis Diesel 1 13 6 • 0 1 0 Average prices—Per lb 17.032d a bale, £23 2s 0.47d. SYDNEY SALES __. , , 1-.1 ii jr i t UH Lllc III Vv ItLl J5UULI1 Ul IJH-, vaov Kingdom during I ebruary March, and crosscut The reef forn , alicm js com . April, compared with actual arrivals posed of tz stringers and pug. A m previous seasons, are as follows:— few colol £ s of go i d are seen m the _ , , „ ,. stringers. Seventy foot level: We New Zealand Butter. continued driving west on the hangOn tons.) ingwall reef. The reef is a strong 1932. 1933. 1934. body of ore carrying nice minerals, February .. 10,371 9,537 14,655 but no gold has yet been seen. The 400 N.Z. Refrig. (10s pd.) (3) 150 New Zealand Breweries 100 Tooths Brewery 0 8 2 1 2 1 2 4 Howard Smith .. 1 Hume Pipe (Aust.) Milburn Lime .. 2 Mount Lyell 0 N.Z. Farmers' Co9 op. ("A" pref.) 0 14 6 0 13 6 1 10 0 1 5 3 0 5 0 0 15 0 l\l o SYDNEY 1 5 4 _ On the Sydney Stock Exchange yes•hT he / n ", UaJ . report was adopted, and diratoM'S recomm ended by the 100 Dominion Fertiliser .. 200 Dunlop Rubber (2) 100 Electro. Zinc (ord.) .. 0 17 1 0 1 7 1 N.Z. Farmers' Co3 op. ("B" pref.) 3 N.Z. Farmers' Co- — terday some irregularity was notice1 10 0 able in industrials, but the market SOME SORTS 5 PER CENT. at n fPProved and declared 1 March .. 12,937 13,867 14,360 ree f j 3 in two portions diverging away VL? ? q 1- ™ eetln g of directors. 1 April .. 9,315 11,012 13,900 from each oth er. We are following 800 Mount Lyell (4) (3) 1 5 1 5 6 op. (4i p.c. Stock 4 1940 and 1945) 70 0 0 was strong, with an increased turnover. DOWN George r ™,M tin 2 g * di , rectors - Messrs re d e£ed an a d u£orI: S "™^^ AUSTRALIAN TRADE the hangingwall portion and the coun- 500 Glenroy C6d paid) .. 32.623 34,416 42,915 try rock is improving. The country 1 .50 Alexander (13/6 naid) 0 0 0 15 6J N.Z. Paper Mills . '. 6 Whitcombe and 17 6 j 2Q 0 Morning: Sales. £ s. d. has been very disturbed on account 850 Golden Point (2) 0 0 3i Tombs 9 Q n „ ,, . Commonwealth 4 p.c. Bonds 3 11 6 1941 ~" 1944 2 n n 1947 200 1950 , , „ 1959 .. ■ .. a l b National Bank .. Associated Newspapers Associated Newspapers (pf.) l°0 Australian Glass „ „,. „ Broken Hill Proprietary .. — CROSSBREDS STEADY (USITED FRESB ASSOCIATION—By ELICTBIC TELIGEArH—COPYRIGHT.) (Received February 7, 11.20 p.m.) New Zealand Cheese. of the break, and the reef should im(In tons) prove in values when we get away 193'' 1933 1934 from the influence of the break. We February .. 8,626 9,968 11,093 are putting up a rise on this reef to March .. 13,551 12,631 11170 connect with the intermediate level, April .. 8.368 11,816 10,907 t whlch sh , ould be completed in.about _, two weeks. Stopmg was continued 30 545 34 415 33 170 on tne branch reef south and a few nice dabs of gold were seen. 500 Mahakipawa 350 New Cornish Point <6d paid) 500 Waihi Grand Junction (2) 500 Nevis Diesel Electric 50 Waitahu Sales Reported. 5 Bank of New South 0 0 0 0 0 5 0 1 0 5 2 Wilson's Cement 17 9 Wool worths (N.Z.) 7 pref. .. 1 17 0 Woolworths (N.Z.) o ord - 9 Mining. Alexander .. 0 16 6 Alexander (13s 6d 106 2 6 107 5 0 108 0 0 108 10 0 108 7 6 6 12 6 1 1 3 12 0 2 11 0 2 4 6 SYDNEY, February 7. NEGOTIATIONS BETWEEN Australian Shipments Lower. Wales 33 5 n paid) l i Bell Hooper (ls V paid) O 13 e 0 15 9 Meggitts .. 10 0 At the wool sales 12,005 bales were Australian shipments to date for this TALISMAN DUBBO, LTD 18 Union Bank of Aust. 200 AT-* Accnnnno 10 1 0 0 10 Wilcox, Mofflin 0 10 0 13 1 offered, 10,241 sold, and 1704 disposed MINISTERS season show a falling off of some 3246 *-«jw . riist.Ui (illCG . . 0 11 0 11 2 Bell Kilgour 0 0 9 0 0 10 Afternoon Sales. of privately. Best-conditioned, deeply grown, good merino fleece wools and tons. as compared with the same period 12 months ago the heaviest de- Talisman Dubbo Gold Mines, crease being from Victoria. Nt'w Zea- , ... land, on the other hand, has increased Ltd., had 22 2-3 tons of ore treated 100 United Building Society /50 New Zealand Brewer1 0 n Bendigo Goldlights (9d paid) 0 0 8 Bank of New South Wales 0 0 »a Bank of Australasia 33 0 0 is in n all descriptions of skirtings ruled 1 lTHE PBESS Special Service] cries 2 1 n Big River 0 0 11 1 16 3 u l 0 Commercial Bank of Sydney 17 15 0 firm, but the irregularity hitherto noted for fine descriptions lacking length, and also ordinary good free wools, was accentuated, and these can be quoted 5 per cent, lower. Comebacks and crossbreds maintained late rates. Greasy merino sold to 31Jd for five bales from the New England district. AUCKLAND, February 7. Good progress is being made with the trade consultations between- the Minister for Industries and Commerce (the Hon. R. Masters) and the Federal Minister for Customs (the Hon. F. H. Stewart). The discussion, which originated in Wellington reher shipments for the same period by at the Golden Dawn battery for a more than 7500 tons. return of £233 2s Id, actual rcahsaCommcnting upon the general posi- tion. tion by cable, Messrs W. Weddcl and Co., Ltd.. state that the lowest point of the market may be looked iipon as UKU. MIL!, CO., LTD. past. Considerable f.o.b. business was iccorded during the last month, forward buyers for February and Febru- The following report for the Bell 100 Staples Brewery (cum Brian Boru div.) .. 110 0 Central Shotover 1500 Tooths Brewery .. 2 4 7 ( M Paid) ' 2 4 H Charleston (cum !■> Bank N.Z. .. , 2 > 2 10 9 rights) MU Timaru (7/0 paid) .. 0 5 11 Consolidated Commercial Bank of Australia shares E'.'f/ 3 "^ 1 '? „ y cased to 17s 8d. market closing Id on Gdlespie s Beach either sidc-lhe preference Realised D L!> .is, and late offers at that price Golden Dawn .. failed to attract sellers. E„ S., and ?.° I 1 d H e)1 P c " A Bank snares moved up to £5 17s & o!de, i ? ands •■ 6cl. Bank of New South Wales cum S ,n ? S ° lomo " • ■ dividend were firm at £33 2s 6d and T Kuala • ■ £j«s 5s, and these were buyers' and fcr™ n £ Flat ' sellers' closing quotations respectively. Maerewhenua .. Bank of New Zealand were steady at 1 J? a l , ha I ,{ . ,pawa / ,v 50s !)d, but eased at the close to sni Mahakipawa (pf.) 1 3 6 0 0 9£ 0 1 4 0 19 0 0 0 1J 0 2 3 0 0 G 1 17 0 National Bank (£10 paid) 1 6 0 union Bank .. Howard Smith 0 10 Australian Gas A British Tobacco .. "J « Tooth's Brewery 0 19 9 Toohey's 0 0 3 Australian Glass 0 * 44 Goldsbrough, Mort " 0 °l Australian Provincial Assur. 13 10 0 10 5 0 0 15 9 7 19 6 1 17 41 2 5 0 1 8 C 2 10 6 1 14 6 0 11 5 RESEARCH IN WOOL INDUSTRY ENGLISH CONFERENCE lates mainly to the lifting, "under a system of quantitative restriction of' embargoes on Australian citrus fruits and New Zealand potatoes. On the train journey from Wellington, and during their visit to Waitangi, the Ministers have continued their consultations, which will be concluded in Wellington. ary-March shipment being active at Q , d Sluicin , Co Ltd ., has been from 8Jd to 8;|d per lb, but retired ',", H immediately higher prices were asked supplied by the company.— for. On the other hand, dairy factory Work recommenced at the claim . companies have now more confidence on January 8. 1934. As a result oi i in the future and appear content to the heavy rams experienced on tne! continue a consignment policy. West Coast, a large fall of wash was ] b l J j brought down from the top, and Cheese Features. caused damage to the pipe line and 0 13 0 0 3.1 0 2 8" 0 4 0,5 0 0 2 0 0 10£ 0 0 2 0 0 2 0 18 Anthony Hordern n •! t Gener£, l Industries 0 3 0 General Industries (pref.) 0 4 1 Hume Pipe 0 15 6 Henry Jones .. .[ 0 0 6 Kuala Kampar .. 0 0 11 Mount Morgan 0 0 2J Broken Hill South' '.'. 0 0 5 Broken Hill Proprietary 0 15 10J 0 11 6 1 0 7J 0 13 10 1 13 3 0 15 0 3 14 0 3 14 0 9 & tt 'Received February 7, 7.5 p.m.) LONDON, February 6. The future of the Industries Research Institute was discussed at a conference at Leeds. Mr Neville said" rh^ y H t0 a qUeSti ? n ,' Mr "**"** ThC tcature ° f UlC laSt moaM * U ' ad - "ai?%v 0 rk n occ C S et foCr°da y" and l^andlh^ 1 " 3113 Sing House i5 a h t i,h e h W , a i gl ' atlfied , with the ing has bccn the of coloured he clearing of the face of this fall further seller *at £10 Concessions A d be , en reac hed in the chacsc, as compared with white, latest has meant the loss of more time in Austral?an Provinrial A«, , Mount Morgan " negotiations An element of compro- quotations being white 42s fid and col- sluicing. A period of 76 hours' sluic- changedI hands a? 1?, irt 9 „h 11.?"™ Nevis Diesel mise had neen a prominent feature, oured 44s ud per cwt. The statistical ing has resu ted in a return of 311 Cm nf n™ ls 2d Electric and he was hopeful that a satisfactory position of cheese has always been ounces *v d nd S i i hii n * Ur ™ Ce T New Cornish trade arrangement would be reached, strong, but prices have been influenced — Da ge yl were $->t (IspaS by the continued fall in butter values. __ _. easier with 1oiw= i,,?„llr„„„ Jl New Cornish 0 1 4 0 0 21 3 13 0" 0 0 111 0 1 1 — Commonwealth Bonds. 4 nc 1938 .. 0 0 4 1941 3 17 6 1944 .. i' 1947 0 1 0J 1950 1953 0 1 2J 1955 1959 ** *z O 105 0 0 106 5 0 107 5 0 108 5 0 108 10 0 107 7 6 107 10 0 Wright, scientific liaison officer, reCheese stocks are now below norma! GOLDEN I'OIN I GOLD AND £ 10 7s. Goldsbrough, Morts were Point (6d paid) 0 0 61 0 0 9 1901 108 5 0 108 7 6 presented New Zealand. As the instiand will) a retail price of 6d per lb t ,,, nrrlITI , rtx , TI , Messrs W. Weddcl and Co., Ltd., ex- .AHUUJIL I.W., I,UJ. pect a steady market. weaker at 34s 3d, 34s 2d, anr) 34c 1 Nokomai 0 10" 0 2 0 tute's works, which include questions relating to sheeD markins. wool narks PRICE OF GOLD United Building Society rose Canterbury Vrmnn ,.,0^0 to 20s. North Broken ;„ Hill 4 19! fi

I .._ —.-4—- ,..--. -. ■■■ a THE PRESS, THURSDAY, FEBRUARY 8, 1934. FINANCE AND COMMERCE DAIRY PRODUCE MINING CHRISTCHURCH STOCK EXCHANGE „ _ . .«*«*»**»._ SeltaS WELLINGTON Sales on 'Change. £ s. d I — -* REVIEW FOR JANUARY ALEXANDER RETURN Mew Zealand Staples (cum div.) 2 0 1 9 9 0 2 10 National Bank of N.Z. 19 9 Goldsbrough. Mort 4 50 1 14 0 0 8 3 ! 1 Timaru (7s 6d pd.) 0 4 9 0 6 3 K.z, Guarantee Corpn WOOL TAXATION OF GAS COMMENT BY A. II. TURNBULL IFItESS ASSOCIATION TJ8LEOBAM.) YESTERDAY'S TRANSACTIONS Tooheys 1 Tooths White Star 1 7 2 4 6 9 1 89 Wellington Gas .. o io o N ' z ' Breweries • • (2) 1 16 6 2 0 11 2 10 1 16 10 0 0 11 1 17 0 1 10 6 1 11 0 1 11 3 . .— SECOND SALE AT i CHRISTCHURCH COMPANY COMPLAINT MADE AT ANNUAL AND COMPANY A. H. Turnbull and Co., Ltd., report as follows:— REEFTON, Jebruary 7. The Alexander mines clean-up for January was as follows: —Three hundred and fifty-eight tons of ore were crushed for 189 ounces 11 pennyweights of melted gold. Cyanide: Two Markets continued firm and active Miscellaneous. on call to-day and there was a large Aiv:t. I'apcr and turnover with heavy trading in Bank | P. ul P • • 1 14 shares, Breweries, and Lyells. Prices AIhe £ w° to V s • ■ , TT nf <.„,,„„ , t i u j • Amalg. Wireless .. 1 13 of several stocks showed improvement j Amalg. Wireless 6 0 British Tobacco .. Bell Kilgour Blackwater 1 16 3 Waihi 0 5 0 1 16 0 7TnlSc74A*3 Cr* <2) (2) I ~— ~ MEETING hundred and nine tons of sands were on late rates. (contr.) 1 2 (; unusiea Mocks. ', I The following are the London mean treated for 43 ounces 14 penny-weights Transactions, exclusive of vestibulp Anthony Hordern 0 15 8 0 16 0 Southern Cr oss Assurance 0 1 7 j REALISATION, £62*»«'*« 1 quotations for butter and cheese lor of bullion. The estimated value is business, were:— Beath and Co. .. 1 9 0 1 10 ° DUNED1 ' " the' month: — £1380, and concentrates, valued at Beath and Co. (Is N j — The heavy taxation which the Christchurch Gas Company has to pay in the form of income tax and other Government charges, amounting to Butter. £217 have been saved. In estimating Sales on 'Change. paid) 0 7 5 0 8 3 Sales on 'Change. 1 17 3 N.Z. Rcfrig. (paid), ex div. — King Solomon (2) Mount Lyell AVKRAfiK OF 17d A POIND N.Z., fincsi; Kangaroos Jan. 6. Jan.20. Feb. 3. 66 0 65 6 66 0 63 6 62 0 62 6 the above values gold has been taken at £6 a fine ounce. 100 Comm. Bank of Ausl. 70 Comm. Bank of Aust. (pref.) 50 E., S., and A. Bank .. 5 Bank of New South £ s. 0 17 9 3 5 17 d. 8 0 6 Booth, Macdouald British Tobacco .. D.I.C. (10s paid) .. Dominion Build1 17 0 12 0 9 £ s. d. 0 18 4 0 4 1 1 5 6 The following particulars of the scc£14,000 a year, or 8.34d for every 30001 Danish cubic feet of gas sold, was referred 1 M arket 95 6 86 6 86 6 Weak Steady Firm GOLCONDA MINES, LTD. ers' Supplies .. Dominion Ferti0 3 6 0 3 11 Sales Reported. "' oncl Christchurch wool sale held on to by Mr F. I. Cowlishaw at the anWales 33 2 6 liser 0 17 1 0 17 4 Okarito 0 9 3 January 26 are supplied by the ssociation: nual meeting of shareholders of the Cheese. The following mine manager's report is supplied for Golconda Mines, 250 A.P. Assurance f2) 0 11 1 Dunlop Rubber .. 1 0 2 1 0 3 Bank of N.S.W. (cum div.) 33 5 0 Christchurch Woolbrokers* A company. Mr Cowlishaw presided in the absence through illness of the N.Z., white .. Jan. 6. Jan.20. Feb. 3. 48 0 42 6 42 6 10 Dalgetv and Co. 300 Goldsbrough, Mori. .. 10 7 1 14 0 3 Electro. Zinc (ord.) Electro. Zinc (pf., 1 7 3 17 6 N.Z. Breweries Southland Frozen (2) Meat 2 10 Offered .. 27,682 bales s,,,d • • 27,246 bales Realisation .. £629,436 chairman, Mr Frank Graham. Coloured 44 0 42 0 44 6 Ltd., Thames:—During the week the 1 14 2 cum div.) 1 15 0 1 15 c (cont.) 14 0 State and municipal undertakings, he said, escaped this charge, and were to that extent in unfair romnpfifi™ Market .. Quiet Steady Firm The estimated arrivals in the United following work has been carried out: — Tunnel level: We have started a rise nr, iha r,r.„> voof cr,utVi nf 1ho oust 40 Canterbury Frozen Meat (ord.) (.2) 1 14 9 15 0 0 Greater Crystal Palace Henry Jones Co-op. 0 17 1 13 6 0 Nevis Diesel 1 13 6 • 0 1 0

£ s. d. 100 Comm, Bunk of Ausl. 0 17 8 70 Comm. Bank of Aust. (pref.) 9 3 0 50 E., S., and A. Bank .. 5 17 (5 5 Bank of New South Wales 33 2 6 250 A.P. Assurance <2) 0 11 1 10 Dalgetv and Co. 10 7 0 300 Goldsbrough, Mori. .. 1 14 3 1 14 2 1 34 0 40 Canterbury Frozen Meat (ord.) (.2) 9 15 0 400 N.Z. Refrig. (10s pd.) (3) 0 8 1 150 New Zealand Breweries 2 1 2 2 1 0 100 Tooths Brewery 2 4 9 100 Dominion Fertiliser .. 0 17 1 200 Dunlop Rubber (2) 1 0 3 100 Electro. Zinc (ord.) .. 1 7 3 800 Mount Lyell (4) 1 5 6 (3) 1 5 4 500 Glenroy <6d paid) 0 0 61 50 Alexander (13/6 paid) 0 15 6 850 Golden Point (2) 0 0 3£ 500 Mahakipawa 0 0 2 350 New Cornish Point (Gd paid) 0 0 7 500 Waihi Grand Junction f 2) 0 5 1 500 Nevis Diesel Electric 0 1 0 50 Waitahu 0 5 9

Sales Reported. 5 Bank of New South Wales 18 Union Bank of Aust. 200 A.P. Assurance 33 5 10 1 0 11 0 0 1 100 United Building Society /50 New Zealand Brewercries 0 11 1 0 2 1 2 0 0 (2) 100 Staples Brewery (cum div.) MO Tooths Brewery 2 1 1 10 2 4 3 0 7 1- r >0 Bank N.Z. . . ,2) 200 Timnru (7/13 paid) .. 2 4 2 10 0 5 il

N.Z. Government Debentures. Huve "s. Sellci £ s. d. £ s. d. :v. ]).<•. ins., 1938-43 and 1939-43 102 0 0 ."M p.c. Ins., 1938-52 100 10 0 —. 4 p.c. Ins., 1940 .. — 101 15 0 4 p.c. Ins., 1946 .. 102 0 0 __ 4 p.c. Ins., 1949 .. 102 0 0 102 10 0 4 p.c. Ins., 19.35 . . 101 7 6 101 17 0 4 p.c. Bonds, 1946 102 12 6' — 4 p.c. Bonds, 1955 101 10 0 — Other Debentures. Waircre Electric. 6 p.c, 1 12/61 .. .._ 101 10 0 Eastbourne Boro. 4,1 p.c. 1 12/51 — 101 0 0 Napier Boro. 5;[ p.c. 1/2/45 — 96* 0 0 Rotorua Boro. 6 p.c, 1/7/61 — 102 0 0 Otiakune Boro. 6 p.c, 1/4/44 — 102 0 0 Glaxo, 6J p.c, 1945 90 0 0 — Westport-Stockton Coal, 6A p.c, 1938 — 90 0 0 Booth, Macdonald, 6 J p.c, 1937 45 0 0 55 0 0 Banks. Australasia 13 H 0 14 0 0 Comm. of Ausl. .. 0 17 7 0 17 9 Com. of Aust. (pf. i 9 3 0 — Comm. of Sydney 18 5 0 F... S., and A. 5 17 p 5 17 9 Nail, of A/asia. (£10 paid) 13 1! 0 — Natl, of N.Z. 4 4 0 4 9 0 New South Wales 'cum div.) 33 2 fi 33 5 0 New Zealand 2 10 I 2 10 4 Union of Ausl. . . 9 13 0 10 0 0 Insurance. A.P.A. 0 II 0 0 11 2 National 0 10 a 0 18 10 New Zealand (cum div.) 2 1!) i) — South British 3 10 0 3 17 0 Standard 3 2 (i Loan and Agency. Ch.Cli. Bids. Soc. 10 10 0 Dal.eety and Co. . . 10 5 0 10 7 0 Goldsbrough, Mori 1 13 11 1 14 1 Mutual Benefit .. 10 10 0 -_ Natl. Mori. "A" '$ •$ ft i 1 cum di\'. i N.Z. Guar. Corp. n 8 2 0 8 «l N.Z. Loan & Merc l (ord, stk.t 63 2 G 08 10 0 <■ Permanent Invest. il 10 0 10 0 0 United Bldg. Soc. 0 19 3 1 0 6 Shipping. Huddart Parker .. 1 13 0 1 14 3 Fro/on Meal. Canterbury 9 7 6 !) 15 0 Canterbury (prof.) 5 5 0 N.Z. Refrig. <£l pair)' 0 13 0 0 18 ;; N.Z. RcfriK. (10s paidi 0 8 1 0 8 2 ' North Caul. Frecz. 0 8 0 0 15 0 Wellington 5 0 0 — Woollens. Kaiapoi (7s paid) 0 2 6 0 4 0 Kaiapoi (pref.) 0 16 0 0 18 0 , Mosgiel 9 10 0 — i Coal. 1 1 Grey Valley 0 5 0 0 11 0 Westport 0 15 1 0 15 11 ] Stockton (ord.) .. 0 0 8 Stockton (pref.) ' 0 2 0 — Gas. Auckland (ex div.) 1 5 6 Christchurch (ex div.) 1 9 3 — Christchurch (10s paid, ex div.) .. 0 14 1 0 14 6

£ s. d. £ s. d. L Buye •s. Sellers. Breweries. Now Zealand 2 0 9 2 10 Staples (cum div.) 1 9 0 19 9 Timaru (7s 6d pd.) 0 4 9 0 0 3 Tooheys 1 7 6 18 9 Tooths 2 4 9 2 4 10 White Star — 0 10 0 e Miscellaneous. c Aiv:t. I'apcr and i Pulp 1 14 6 1 16 3 s Allied Motors — 0 5 0 Amalg. Wireless .. 1 13 0 1 16 0 t Amalg. Wireless (contr.) 1 2 6 — 2 Anthony Hordern 0 15 8 0 16 0 Beath and Co. .. 1 9 0 1 10 0 Beath and Co. (Is paid) 0 7 5 0 8 3 Booth, Macdonald — 0 19 British Tobacco .. 1 17 0 1 17 3 D.I.C. (10s paid) .. 0 12 9 — Dominion Builders' Supplies .. 0 3 6 0 3 11 Dominion Fertiliser 0 17 1 0 17 4 Dunlop Rubber .. 1 0 2 10 3 Electro. Zinc (ord.) 1 7 3 17 6 Electro. Zinc (pf., cum div.) 1 15 0 1 15 6 Greater Crystal Palace 0 17 6 Henry Jones Co-op. 1 13 0 1 13 6 Howard Smith .. 0 14 6 0 15 0 Hume Pipe (Aust.) 0 13 6 0 15 0 Milburn Lime .. 1 10 0 1 12 0 Mount Lyell 1 5 3 15 4 N.Z. Farmers' Coop. ("A" pref.) N.Z. Farmers' Coop. ("B" pref.) 0 5 0 — 1 10 0 N.Z. Farmers' Coop. (44 p.c. Stock 1940 and 1945) .. 70 0 0 — N.Z. Paper Mills .. 1 7 6 1 10 0 Whitcombe and Tombs 3 9 0 3 11 6 Wilson's Cement 1 7 9 — Wool worths (N.Z.) pref. 1 17 0 2 0 0 Woolworths (N.Z.) ord. — 5 2 6 Mining. Alexander 0 16 6 10 0 Alexander (13s 6d paid) 0 15 6 0 15 9 Bell Hooper (Is paid) 0 0 10 0 10 Bell Kilgour 0 0 9 0 0 10 Bendigo Goldlights (9d paid) 0 0 8 0 0 94 Big River 0 0 11 0 10" Blackwater 1 1G 3 1 17 0 Brian Boru 1 3 6 16 0 Central Shotover (9d paid) 0 0 9 J 0 1 0 Charleston (cum rights) 0 1 4 0 1 6 Consolidated 0 19 0 0 19 ft Freshford 0 0 U 0 0 3 1 Gillespie's Beach 0 2 3 0 2 44 Glcnvoy (6d pd.) 0 0 G 0 0 64 Golden Dawn .. 0 1 3 0 1 8 Golden Point 0 0 3 .004 Golden Sands .. 0 2 8 0 3 0 King Solomon .. 0 4 0 0 4 1 Kuala Kampar .. — 0 15 6 Lawson's Flat .. 0 0 2 0 0 6 Maerewhenua 0 0 10 0 0 11 Mahakipawa 0 0 2 0 0 2J Mahakipawa (pf.) 0 0 2 0 0 5 Mataki 0 1 4 Mining House Concessions 0 0 2 0 0 4 Mount Morgan .. 3 13 0 3 17 6 Nevis Diesel Electric 0 0 11 0 10} New Cornish point (Is paid) 0 1 1 0 1 2J New Cornish Point (6d paid) 0 0 6^ 0 0 9 Nokomai 0 10" 0 2 0 North Broken Hill 4 12 6 Okarito 0 9 2 0 9 4 Oxenbridge Shotover (9d paid) 0 0 7 0 0 9 Waihi 1 11 2 1 11 3 ( Waihi Grand J. 0 5 0 0 5 1 1 Waitahu 0 5 9 0 6 0 Upper Shotover (9d paid) 0 1 5 0 1 8 UNLISTED 1 STOCKS All transactions in stocks quoted in this section are subject to a different 1 rate of brokerage i rom listed stocks. 1 and are not quoted on the official list: | £ s. d £ s. d. Andersons, Ltd. (pref.; 10 0 — Claude Neon Lights 2 7 0 2 11 9 Deep Lead, Ltd. <2.s paid) 0 3 0 0 4 5 Goldficlds Dredging (Is paid) .. 0 0 71 0 0 81 Hatter's Flat Gold (Is paid) 0 0 8 0 1 0 Moonlight Nelson Creek (Is paid) —. o o 114 National Tobacco 3 8 3 3 10 3 N.Z. Mining Invest. 0 0 6 0 0 104 N.Z. Prp. Forests 2 5 0 — N.Z. Woolpacks .— 0 17 0. Skippers, Ltd (9d paid) 0 0 74 0 0 8 Smith, Wyllie .. — C 12 3 • Snowy River 0 0 14 0 0 2 Sun Newspapers 0 4 6" 0 5 0 Tru Color Films (12s paid) — 0 19 6 Warners, Ltd. — 7 0 0 Were's Investment Trust 0 4 7 0 4 9 Woolworths (Vict.) (pf.) — 1 7 0 Woolworths (Sydney), ord. — 5 12 6 Worksop Extended <9d paid) 0 0 84 0 0 9J Sales. * £ s. d. 1500 Snowy River (2) 0 0 14! AUCKLAND I Sales on 'Change. I £ s. d. N.Z. Govt. Bonds , due ( 15/1/40, 4 p.c. tOl 10 0 N.Z. Govt. Stock , due 15/4/49, 4 p.c. (2) 102 5 0 Amalgamated Brick (Auck.) due 1/3/44, 74 p.c. .. 93 0 0 National Bank of N.Z. 4 5 0 Bank of New Zealand 2 10 3 Australian Provident Assurance 0 11 0 National Insurance (2) 0 18 8 South British Insurance .. 3 1(5 0 Devonport Ferry .. 1 1 7 Huddart. Parker 1 13 6 Farmers' Trading 0 3 10 N.Z. Newspapers 1 10 6 N.Z. Paper Mills 1 10 6 Bell Kilgour 0 0 10 0 0 104 Gillespie's Beach .. 0 2 4 King Solomon .. <2)" 0 4 2 Nevis Dicsc! 0 1 0 Okarito 0 9 3 Waihi 1 11 3 Waihi Junction (2) 0 5 0 Unofficial List. | Investment. Executive ' Trust B .. 101 17 fill John Fuller, 1040, 64 p.c. 80 0 0 L