COMPANY NEWS

Press, Volume LXXIV, Issue 22554, 9 November 1938, Page 13

COMPANY NEWS

MORRIS, HEDSTROM (PUH ASSOCIITIOS TELEGBAX.) WELLINGTON, November 8. Morris, Hedstrom, Ltd., announces an interim dividend of 3 per cent, on ordinary shares. JASON INVESTMENT TRUST (press associatiob telegram.? WELLINGTON, November 8. Jason Investment Trust recommends a dividend for 15 months at the rate of 3 per cent, per annum, to be paid pro rata on the amount paid up a share. N.I.M.U. INSURANCE (PRESS ASSOCIATION TELEGRAM.) WELLINGTON, November 8. The board of directors of N.I.M.U, Insurance Company has announced the appointment of Mr N. S. Hunt to the position of general manager of the company, Mr Hunt has been connected with the company almost since its inception in 1928, and has been secretary since 1933. MINING MOUNT LYELL NET PROFIT LOWER (PRESS ASSOCIATION TELEGRAM.) WELLINGTON, November 8. The Stock Exchange Association has received cabled advice from Mount Lyell, Ltd., stating that a dividend of Is a share (Australian currency) has been declared qut of profits for the year ended September 30. The year’s profit amounted to £150,830, after writing off £73,556 for prospecting, development, and depreciation, and £19,283 for taxation. Net profit a year ago was £343,852, after charging £27,869 for prospecting and develojfment, £48,603 for depreciation, and £73,889 for taxation. Dividend for that year was 3s 6d a share (174 per cent.); this year the total-is Is 6d a share (74 per cent.). RIMU The Rimu dredge return is 332.50z for 134 hours 21 minutes, and 53,054 yards treated. i TALISMAN DUBBO The Talisman Dubbo return for the fortnight ended October 29 was 143 tons of ore, realising £l9l, with gold valued at £7 12s an ounce. ELECTROLYTIC ZINC The Electrolytic Zinc production statement is as follows: Four weeks Four weeks ended ended Sept. 21. Oct. 19, 1938. 1938. Zinc—tons .. 5,399 5,406 Of which used at the works ... 90 90 Silver lead product for shipment to Port Pirie for realisation— Lead—tons .. 220 220 Silver ounces 31,150 29,000 West Coast Department Ore treated —tons 12,853 12,788 Lead concentrates produced—tons 960 914 Zinc concentrates produced—tons 4,069 4,381 Assay Values— Ore treated— Lead, per cent. .. 5.8 5.6 Zinc, per cent. .. 19.3 20.7 Silver, ounces .. 6.3 6.3 Gold, dwts .. 2.04 2.2 Lead concentrates— Lead, per cent. ~ 54.8 54.9 Zinc, per cent. .. 15.1 14.9 Silver, ounces .. 45.1 45.4 Gold, dwts. .. 12.1 10.3 Zinc concentrates — Lead, per cent. .. 3.7 3.5 Zinc, per cent. .. 54.4 54.5 Silver, ounces .. 5.8 6.1 Gold, dwts .. 1.5 1.5 BUTTER AND CHEESE PRICES ON LONDON MARKET By arrangement with the Primary Products Marketing Department, the following information is supplied by the Dairy Board of the London provision market at close of business on Saturday:—New Zealand butter market, demand slow. Prices of butters were as follows: New Zealand (salt) .. 114s Danish (spot) .. .. 135s to 136s Australian (salt) .. 109s to 110s New Zealand (unsalted) 114s to 116s Australian (unsalted) .. 110s to Ills Dutch (unsalted) .. 109s to 113s Lithuanian (unsalted) .. 110s to 112s New Zealand salt butter was realising 150s per cwt at the corresponding period of last year. The retail price of New Zealand butter was Is 2d per lb, and of Danish Is 3d per lb. The cheese market is reported as quiet, with New Zealand white and coloured commanding 70s to 70s 6d per cwt. Canadian white and coloured 72s to 735, and 80s for old season. English farmers’ "finest” cheese, 86s to 925, and factory cheese, 665, both on a steady market. DUNEDIN RABBITSKIN SALE [THE PRESS Special Service.] DUNEDIN, November 8. The Dunedin Stock Agents’ and Wool Brokers’ Association (Dalgety and Company, Ltd., Donald Reid and Company, Ltd., Strbnach. Morris and Company, Ltd.. New Zealand Loan and Mercantile Agency Company, Ltd., Wright, Stephenson and Company, Ltd., Otago Farmers’ Co-operative Association, Ltd., and National Mortgage and Agency Company, Ltd.) report as fol-lows:—Fair-sized catalogues were submitted at to-day’s rabbitskin sale and, considering the quality of the skins now coming forward, satisfactory rates were recorded. Compared with last sales, quotations for bucks were lower by 4d to 6d, and does were about par to a shade firmer. Hatters were in demand and sold about par. Following is the official range of prices;— Small 3d to 4Jd, runners 84d to 13d, racks lOd to 15d, heavy racks 134 d to 15} d, summer broken 13d to 13|d, first broken 17d to 20Jd, blacks lOdto 18d. fawns 12d to 16d, summers b.&.f.s. 13d to 13fd. first b.s.f.s. 22d to 30d, milky 13id to 15d. first milky 174 d to ISiJd, winter bucks 364 d to 50d, winter does 27£ d to 392 d, outgoing bucks 24d to 39d, outgoing does 25Jd to 3'4d, spring bucks 15d to 194 d, spring does 19d to 221 d, stained does 18d to 292 d, hareskins 8d to 12id, weevilly 6d to 10|d, first ferrets 9d to 2s 6d, horsehair 14d to 18<L