FINANCE AND COMMERCE

Press, Volume LXXV, Issue 22894, 15 December 1939, Page 13

FINANCE AND COMMERCE

APPRAISEMENT OF WOOL

COMPANY NEWS

SCALE OF VALUES ANNOUNCED CONDITIONS GOVERNING PREPARATION ADVISORY COMMITTEE APPOINTED J (PRESS ASSOCIATION TELEGRAM.) r WELLINGTON, December 14. Conditions governing the preparation and sale of wool by the New Zealand Government for resale to the United Kingdom and other purchasers are prescribed in regulations published in the Gazette issued this evening. The schedule of values on which appraisal will be made is also given. Payment for wool will be made by the Government 14 days after appraisement, 95 per cent, of the appraisement value to be paid on the prompt date.

The regulations implement the Order-in-Council issued last month, extending the powers of the Marketing Department to purchase New Zealand products to wool, sheepskins, hides, and pelts. A Wool Advisory Committee is to be appointed for the purpose of advising the Minister for Marketing. The personnel of this committee is announced in a notice in another part of the; Gazette. It is: “The Controller of Primary Industries (Mr A. H. Cockayne), chairman; Mr A. Smith, woolbuyer, Christchurch; Sir Alexander Roberts, merchant, Wellington; Mr D. A. Ewen. merchant, Wellington; the Director of the Export Division of the Marketing Department (Dr G. A. Duncan), and Mr H. M. Christie, chairman of the New Zealand Wool Council. Provision is made in the regulations for the appointment of Government brokers and Government appraisers. . Owners of wool are required to deliver their wool for appraisal at the wool store of a Government broker at Auckland, Tokomaru Bay' Tolaga Bay, Gisborne, Napier, Wanganui, Wellington. Nelson, Blenheim, Christchurch, Timaru, Oamaru, Dunedin, or Invercargill. The wool must be properly packed, in accordance with the requirements of the Marketing Depart-, ment, and brokers are authorised to repack and interlot wool if necessary, and to charge the cost of this additional preparation to the owner. Charges from the time of delivery •at the store door will, be bome by the Government,, except that in the case of appraisement at Tokomaru - Bay. Tolaga Bay, Nelson, Blenheim, and Oamaru, which are not regular appraisement points, the additional cost of appraisement at those places will be charged against the owner. There is provision for appeal against the appraisement. the appeal fee being fixed at 2s. 6d a bale, with a minimum Jee of £2. In addition, a broker may charge the owner reasonable costs for preparing wool for reappraisement. The decision of the deputy controlling appraiser or of the controlling appraiser will" be final. Scale of Values Appraisement will be made in accordance with, the following scale of values:— ■

In the appraisement of wool under the regulations, values will be assigned to wool in accordance with the scale of values; but subject to variations on account pf yield, handle, tenderness, manner of skirting, amount of seedcontent, and all other factors affecting ... the appearance or condition of the wool. The Government will pay for the wool on the prompt date, which is 14 days after the date of the appraisement. The basis of payment will bS 95 per cent., N of such other proportion *as the Minister for Marketing may direct, of the appraisement value, payable immediately on the prompt date. The balance of the price will be paid when >it has been ascertained what amount is. available between the price already ; paid to ‘ the farmer and the amount received by the department from the United Kingdom or other purchaser. The purchase money will be paid to Government brokers on account of the owners, and the distribution will be made by brokers in the normal way. Growers are entitled to deliver their wool to the brokers with whom they normally deal. . Exemptions •.Exemptions from wool emergency regulations, which prohibit the sale or mortgaging of wool or sheepskins except with the consent of the Minister, are prescribed in other regulations in the Gazette. The exemptions are as follows:—. .. . ' (1) The purchase of wodl by the holder of a wool dealer’s licence issued by the Controller of Primary Industries (2) The sale of sheepskins to the holder of 'a sheepskin dealer s licence issued by the Controller of Primary Industries. , , „„„ (3) The mortgaging of wool to secure an advance made by a bank or stock and station agent, or'a person holding •a licence from the Controller -of Primary Industries, if the mortgaging is ■solely for the purpose of securing an advance made or to be made m tne ordinary course of business to the owner of the wool. , . - The appointment of a wool liaison officer, whose duties will be to keep close contact with woolbrokers, wooi'buyers. scourers, and freezing companies concerning the purchase of tne dominion’s wool clip by the New Zealand Government is provided for in the Primary Industry Emergency Regulations Amendment No. 1, which is 'gazetted to-night.

DUNEDIN TOMATO MARKET - .Prices for tomatoes In the Dunedin market yesterday were;— Firsts, Is to Ifc Id; seconds, 8d to 9d. * .iP6aa were bringing lid to 2d per lb. || PRODUCE ; || MARKETS- * if .. . i ■' —- ' 1 < ■ ’ December 14, 11.15 p.m.) -J i SYDNEY, December 14. ■' -JThere is restricted inquiry for wheat. Silo grain is quoted at 3s ‘ 53d, and Ragged at 3s 92 d. Other quotations e: T~*'l° ur > 15s; bran and pollard, 15s; potatoes, Tasmanian, £11; •flgpd North Coast, £6 10s; onions, .‘■/Queensland Brown £9 10s, Victorian maize, white and yellow, 4s 7d.

RESERVE BANK RETURN

STERLING EXCHANGE HIGHER NOTE ISSUE EXPANDS FURTHER TOTAL ADVANCES TO STATE UNCHANGED A rise of £243,061 do £6,204,734 (in New Zealand currency) is shown this week ii the Reserve Bank’s holding of sterling. This rise would be accounted for by the payment which the British Government made for wool at the end of last week. The payment, which was the first under the present arrangement, was for wool appraised in Auckland, Gisborne, Tolaga Bay, and Tokomaru Bay and totalled £476,910; The Reserve Bank’s total advances to the State are unaltered. Those for marketing have decreased by £185,000, but those for other purposes have risen by the same amount. The note issue, at £17,966,332, again shows substantial expansion. State deposits are higher by nearly £815,000, but those of the banks re lower .by £802,779. Other demand liabilities have increased by £70,558. t The proportion of reserve to notes and other demand liabilities is 26.933 per cent., against 26.634 per cent, a week ago. The return with variations compared with last week, is as follows:

BROKEN HILL PROPRIETARY An extraordinary general meeting of shareholders of the Broken Kill Proprietary Company, Ltd., is called for January 5 to sanction proposals to widen and make modem the memorandum and articles of association, and to. increase the nominal capital from £15,000,000 to £25,000,000. The bonus issue of £4,459,790, already announced, on the basis of 64 new shares for every 100 shares now held, representing capitalisation of share premiums paid on new issues, will also be proceeded with when these proposals are sanctioned. In determining the number of shares to which each shareholder is entitled, fractional parts of less than one share will be disregarded. ■the increase in the nominal capital by the creation of 10,000,000 - new shares of £1 each is made necessary because the new share issue of 64 for 100 will absorb the major portion of the company’s present" unissued share capital.

The Broken Hill Proprietary Company, Ltd., was ‘ formed primarily to engage in the business of mining. When it embarked on steel manufacturing 23 years ago, amendments were made to the memorandum, but it has been found that the objects and powers contained therein do not give sufficiently wide scope, having regard to the great development in recent years. TIMARU WOOLLEN PROFIT OF £4130 FOR YEAR A net profit 'of £4130 17s 3d on the last year’s operations was reported at the annual meeting of shareholders of the Timaru Worsted and Woollen Company, Ltd. Reviewing the balance-sheet, the chairman (Mr W. H. Walton) said that on the liabilities side, the shafce capital, £84,710, was the same as in 1038, and the reserve at £730 8s 7d was unaltered. The liability to the bank was £25,278 8s 7d, more than £BOOO less than in 1938. On the assets side, freehold land and house property appeared at cost price, £3250 and £4OO respecr lively. Buildings, after writing off £515, appeared at £24,727 Is 3d, and machinery after writing off £2085 appeared at £40,003 17s 3d. Sundry debtors at £11,337 9s 7d were greater by £5283 7s 2d, which reflected the improvement in sales, and he would like to compliment the staff on, the low percentage of bad debts incurred, the directors having found it unnecessary to increase the existing reserve of £250 for that purpose. The profit and loss account showed a net profit of £4130 17s 3d, which was a great improvement in the position compared with last year. The directors recommended that the sum be applied in reduction of the appropriation account, which would then total £7653 6s lid. Subject to any dislocation that might arise through war conditions, and subject also to an increased turnover during 1940, which at the present time promised to surpass last year’s figures, the directors felt confident that the balance in the appropriation account might be extinguished during the current year. As the profit in the last year could be set off against the loss of the previous year for income tax purposes, no income tax. was payable on the profit earned for the year, but social security tax was payable and £221 0s 6d had been provided for that purpose. , . , The report and balance-sheet were adopted. - _ , Messrs H- Elworthy, W. E. Winks, and E. A. Frethey, retiring directors, ■were reappointed. Messrs Leggott and Allport were re-elected auditors.

STOCK EXCHANGE BUSINESS

MODERATE TURNOVER LOCALLY » PRICE LEVELS ARE WELL MAINTAINED Although share markets were quieter on call yesterday, there was a moderate turnover, and price levels were well maintained with a hardening in several stocks. There was an improved demand fcr several Government issues with buyers of the 1955 at £IOO, no sellers.

New Zealand Refrigerating advanced to 19s 9d, market closing 3d on either side. Kaiapoi Woollens were fractionally weaker with buyers and business at 12s lOd, sellers at 13s Id. New Zealand Breweries were firmer at 38s and 36s 2d, market closing 36s Id buyers, 36s 6d sellers. Buyers of Australian Consolidated Industries raised their bids ro 42s 3d without attracting sellers. British Tobacco advanced to 54s 3d, and more were wanted at 53s lOd.

'Farmers’ Trading had business at 16s lid. Late sales of New Zealand Newspapers on Wednesday were reported at 28s 6d, and dealings yesterday were at that price, market closing 27s 3d buyers, 28s 6d sellers. Woolworths were fractionally weaker at 24s lid, and more were offered at 255. buyers at 24s 9d. Mount Lyells were firm at 335. Rawang Tin advanced to 12s 3d. buyers staying at that price, no sellers offering. Among the unlisted stocks Associated Gold Dredges (7s .paid) moved up to 10s, and more were wanted at 9s Cd.

LATEST QUOTATIONS N.Z. Gov't. Debentures

UNLISTED. STOCKS All transactions in stocks quoted in this section are subject to special brokerage and are not quoted on the official list. Buyers. Sellers. £ s. d. £ s. d.

J AUCKLAND ) Sales on ’Change £ s. d

- ■ i WELLINGTON I Sales cm ’.Chance '

Unofficial List Scoullar Co. (late Wednesday 0 7 6 DUNEDIN Sales on 'Change; £ s. d.

SYDNEY Business on the Sydney Stock' Exchange yesterday was confined largely to metal and tin stocks. Prices underwent only minor alterations. Morning Sales

MELBOURNE

Super to Average to average. inferior. d. d. d. d. Merino 17 to 133 13J to" 83 Halfbred 18 to 13$ 13 to 114 Fine ‘.Crossbred 153 to 134 13 to 10J Med. Crossbred 143 to 113 11 to 10 Coarse Crossbred 13$' to 11 104 to 94

Liabilities £ Change from last week. £ General reserve .. 1,500.000 Same Bank notes .. 17,966,332 + 455,831 Demand liabilities— (a) State .. 3,241,302 + 814,826 (b) Banks .. 12.007,843 — 802,779 (c) Others- .. 167,859 + 70,558 Liabilities in currency other than New Zealand .. 15,462 + 32 Other liabilities .. 661,03? — 192,306 Totals .. 35,559,831 + 346,163 - Assets Reserve— (a) Gold .. 2.801.839 Same (b) Sterling exchange- .. 6,204,734 +243,061 Subsidiary coin .. 175,201 -18,861 Advances — To the State or State undertak- ' Ings; (1) Primary Products Marketing Department .. 5,326,270 — 185,001 (2) For other purposes .. 17.475,000 + 185.000 Investments .. 3,377,198 + 823 Other assets .. 198,589 + 121,141 Totals .. 35,559,831 + 346.163 Proportion of reserve to notes and other demand liabilities, 26.933 per cent. (last week 28.634).

LISTED STOCKS Sales on ’Change £ S. d. 100 Kaiapoi Woollens (17s paid) _0 12 10 100 Woolworths (Syd.), ord. .. • • 1 4 ii 50 Mount Lyell 1 13 0 ' Sales Reported 200 N.Z. Refrig. (£1 P<3.) 0 19 9 300 N.Z. Breweries 1 16 0 (2) 1 18 Z 100 British Tobacco 2 14 3 100 Farmers’ Trading 0 16 11 500 N.Z. Newspapers (late Wednesday) 1 8 6 500 N.Z. Newspapers (2) 1 8 6 100 Hawang Tin 0 12 3 UNLISTED STOCK Sale Reported 100 Assoc. Gold Dredges (7s paid) 0 10 0

Buyers. Sellers. £ s. d. £ s. • d. 31 p.c. Ins., 1953-57 93 10 0. — 4 p.C. Ins., 1946 99 10 0 *■— 4 p.c. Ins., 1940-43 99 15 0 4 p.c. Ins., 30/11/48 99 5 0 4 p.c. Ins., 1949 99 10 0 4 p.c. Ins., 1949-92 98 0 0 4 p.c. Ins., 1955 100 0 0 4 p.c. Bonds. 1946 99 10 0 •“ 4 p.c. Bonds, 1949 99 10 0 4 p.c. Bonds. 1955 100 0 0 •— Rural Bonds. 5 p.c.. 93 15/9/47 0 0 Other Debentures Dorn-. Fertiliser, 6 p.c.. 1/2/41 100 10 0 — N.Z. Refrig., 44 p.c.. 99 1/8/40-45 .. 0 0 Fuller Theatre, 54 p.c.. 47 21/9/53 (£87 10s) .. 0 0 * Banks Australasia (£5 paid) .. 8 17 0 — 6 Comm, of Aust. (10s) 0 16 E., S„ and A. (£3 pd.) 4 16 0 —■ Natl, of A’asia (£10 13 0 paid) .. 0 * National of N.Z. (cum div., £2 10s paid) .. 2 1 0 2 4 0 New South Wales (£20) •30 0 0 2 —• New Zealand (£1)' — 0 6 N.Z. (mort shares; £1) 6 0 — Union of Aust. (£5 8 8 y 6 paid) 2 0 0 Insurance National (7s paid) - .. 0 18 3 — 6 New Zealand (£1) 2 19 3 3 0 South British (10s) 2 7 6 Standard (£1 paid) 2 17 6 — Loan and Agency Ch.Ch. Building (£10) — 15 10 0 Dalgety and Co. (£5 6 paid) .. • - _ 7 7 Goldsbrough. Mort (ex div, £ 1) . • , • • i 10 3 1 12 0 Invincible Build. (£5) 3 8 0 National Mortgage B (£1) 1 0 0 N.Z, Guar. Corpn. (3s) 0 3 6 N.Z. Loan and Merc. 25 (ord. stock, £100) .. 0 0 — South Island Finance 8 (10s paid) .. .. — 0 0 United Building (£1) 1 0 4 — Shipping P. and O. Def. Stock 6 8 6 1 0 1 New-Zealand (pf.. £10) — 12 10 0 Union (pref., £1) 1 5 0 Frozen Meat Cantby. (ex div, £7 10 10s paid) .. ■ 6 0 0 N.Z. Refrig. (£1 paid) 0 19 1 0 0 N.Z. Refrig. (10s pd.) 0 9 0 0 9 2 Southland (£1) 1 11 0 — Woollens Pelt and Textiles (£1) 2 0 0 «— Kaiapoi (17s paid) 0 12 10 ■ 0 13 1 Kaiapoi (7s paid) , 0 4 6 — Mosgiel (£4 paid) .. 9 10 0 ■ Oamaru (£1) — 0 17 6 Timaru (£1) ’ •• a— 0 9 0 Wellington (ord., £5) 5 5 0 — Goal Grey Valley (£J) — 0 5 0 Westport (10s) • • 1 3 4 1 4 3 Westport-Stockton (10s) 0 3 5 — Wesjport-Stockton (pf., 10s) 0 7 10 0 8 6 Gas Christchurch (£1) 1 6 0 — Breweries Balllns (15s paid) (ex 6 div.) — 0 11 New Zealand (£1) 1 16 1 I 16 6 Swan (5s) 1 11 0 — 10 Timaru (In llqdn.) —■ 0 0 Tooheys (16s) •• Tooths (£1) .. •• 1 2 11 17 7 5 2 18 3 Crown (in liqdn.) 0 1 4* Dominion (rights) 0 6 5 — Miscellaneous Alloy Steel (N.Z.) (£1) i 4 0 — Aust. Alloy Steel (ex div., £1) 0 4 0 0 .6 0 Andersons (pf., £1) •• 0 16 0 — A’asian Paper (£1) .. 1 7 0 Aust. Consolid. Industries (£1) 2 2 3 — Aust. Consolid. Indus16 tries (4s paid) .. 0 0 **■ Beath and Co. (£1) •. 0 13 6 0 16 9 Booth, Macdonald (ord., £1) — 0 0 3 British Tobacco (ex div., £1) •• • • 2 13 10 — Broken Hill Pty. (cum rights, £1) .. . • • 4 5 0 ■ 4 7 3 Canterb’y Farmers’ Coop. Assn. ■ • •• Colonial Sugar, (£20) 0 o 56 10 0 0 58 1 0 Dominion. Build. (10s) 0 4 0 Dom. Fertiliser (£1) 1 8 0 Donaghy Hope (£1) ■■ 2 8 6 D.I.C. (10s paid) .. 0 11 0 8 Dunlop Rubber (£1) 1 0 6 1 1 Electro. Zinc (£1) 3 4 6 3 5 0 Electro. Zinc (pf., £1) Farmers’ Trading (£1) 3 5 3 3 6 0 0 16 7 G. J. Coles (£1) 4 2 0 Gordon & Gotch (£1) , 2 10 0 Hay’s, Ltd. (£1) •• 1 0 3 Hay’s, Ltd. (con., 15s 6 paid) .. ■ • 0 15 0 0 16 Henry Jones Co-op. (ex 12 6 div., £1) 2 Gen. Industries (12/6) 0 17 6 Howard. Smith (£1) .. 1 5 0 Hume Pipe (Aus.) (£1) 0 18 0 Kauri Timber (25s) ... 1 1 0 Mllburn Lime (£1) .. 1 18 0 — Mlllaquin Sugar .(£1) 2 7 0 Morris Hedstrom (cum , dly., £1) .. .i 1 7 0 Moris Dock (£1) , 0 18 6 0 IB 3 Macduffs (pref., £l) .. 0 11 0 0 12 0 Macduffs (ord., £1) .. 0 3 8 0 4 0 McKenzies, Ltd. (ex 2 div., £1) 2 0 McLeod Bros. (£10) .. ■’ — ' 0 27 5 0 N.Z Drug Co. (£2) ,, 3 15 r— N.Z. Farmers’ Co-op. (10s paid) „ 0 6 1 N.Z. Farmers’ Co-op. 6 (1st pref., £5) 12 17 N.Z. Farmers’ Co-op. • (41 p.c. Stock, 1950, 80 £100) .. -• 0 0 — N.Z. Farmers’ Co-op. (41 p.c. Stock, 1955, 80 £100) .. ., 0 0 — N.Z. Farm. Fert. (£1) 0 17 6 0 IS 6 N.Z. Newspapers (16/8) 1 7 3 1 8 6 Quill, Morris (1936) (£1) ' 0 17 6 1 0 0 Standard Cement (£1) 1 2 6 — Taranaki Oil. (24/7 pd.) 0 5 1 0 5 3 Taranaki Oil Develop. 0 8 0

Buyers. Sellers. £ s. d. £ s. d. United Provisions (£10 — 0 10 6 Wilcox, Moffln (11s) ... . 0 7 1 — Wilson’s Cement (10s!) 0 18 0 0 19 0 Woolworths (Sydney;) (ord., 5s) .. ,. Woolworths (N.Z.) (5s)) 1 4 9 1 5 0 0 16 2 0 16 6 Woolworths (N.Z.) (p£. £1) .. ,. 1 13 6 1 17 9 W. R. Carpenter (£ 1\) 2 5 3 2 7 6 Overseas listing Woolworths (S.A.) (5s) 0 15 0 0 16 0 Australian Broken Hill Sth. (5s0 Mining 1 12 4 Mount Lyell (£1) .,. • — 1 13 3 Mount Morgan (2s 6d() 0 9 8 0 9 ii Nth. Broken Hill (5sl) 2 13 6 — Rawang Tin (10s) 0 12 3 — N.Z. mining Addison's Flat (cum div.. Is) .. ... 0 1 2 0 9 6 Alexander (£1) — Alexander (15s paid) 0 4 0 — Arahura (£ 1) 1 12 0 1 17 0 Argo (Is) — 0 1 3 Austral-N.Z. (£1) 1 7 6 1 11 0 Barytown (£1) 0 17 0 — Big Rivfer (Is) 0 0 5 0 1 0 Clutha River (2s) — 0 2 d Gillespie’s Beach (Is) — 0 0 10 Golden Sands (ex div.. Is) ' ... 0 1 4 Goldfields Dredg. (Is) 0 0 0i 0 0 2 Grey River (10s) 0 18 0 0 18 6 Kanieri (£ 1) 1 13 0 1 15 0 Maori Gully (Is) 0 8 0 0 10i Martha (5s) 3 — 8 Moonlight Gold. (8d) 0 0 5 0 0 Nemona (Is) 0 0 6 0 0 9 New River (Is) — 6 Ngahere (£1) 1 7 1 8 0 Ngahere (deferred) .. 6 0 19 Waihl Invest. (5s) 0 6 — Worksop Extend. (Is) 0 0 4 0 0 G

Avnberley Lime — 1 0 0 Amberley Girls’ Col. — 0 3 2 Assoc. Gold Dredges (7s paid) 0 9 6 — Assoc. Mot. Pet. (pf.) 1 5 0 1 10 0 Aust., Motor, Petrol .. 0 13 0 0 14 0 Christchurch Press .. — 8 0 0 Lange’s Mobile Gas .. — 0 10 3 National Tobacco 1 10 0 — 9 Paparoa Coal — 0 6 R.U.R. (N.Z.) 2 13 0 0 19 0 I Riley. Arthur D. (pf.) — Woolworths (W.A.) .. 4 0 0

Ins. Stock, 4 p.c., 1940-43 100 0 ■0 Ins. Stock, 4 p.c., 1943-48 100 0 >0 Ins. Stock, 4 p.c.. 1946-49 (2) 99 5 ; o Ins. Stock, 4 p.c., 1948 100 2 i 6 Ins. Stock, 4 p.c.. 1954-58 (2) 98 10 0 Bank of N.Z. (late sale) (2) 2 2 0 0 3 3 Union Bank 8 z. i 6 New Zealand Insurance 3 0 3 N.Z. Guar. Corpn. (late sale) 0 3 9 Taupiri Coal 0 tR 9 Westport-Stockton (ord.) 0 ‘3 7 Dominion Breweries (rights) . (late sale) 0 6 7 British Tobacco .. 6 Ttl 14 7 3 Colonial Sugar . , £0 10 0 Fanners’ Trading 10 17 0 New Zealand Drug ■3 15 0 Farmers’ Fertiliser 0 18 0 N.Z. Newspapers (late sale) 1 8 6 Refrigerating (con.) 0 9 2 Reid Rubber 1 3 0 Tar Oilfields . • 0 5 1 'Broken Hill South • • 1 13 3 Mount Lyell « « 1 13 3 Rawang Tin • .*.0 12 6 *,0 12 4

'■ £ s. d. N.Z. Breweries 1 16 0 Woolworths (N.Z.) . • 0 16 3 Mount Lyell (All above late Wednesday.) 1 13 6 Ins. Stock, 4 p.c., 1948 • -V 100 2 6 Bank of New Zealand 2 0 C N.Z. Guarantee Corporation •- 0 o 3 3 10 9i 3 Christchurch Gas 1 6 New Zealand Insurance • *> 3 0 3 Crown Brewery (in llqdn.) 0 1 5i New Zealand Breweries 1 16 3 Electrolytic Zinc (pref.) •h 3 5 3 Taranaki Oil .u 0 S 1

Bank of New Zealand 2 0 6 N.Z. Refrigerating (con.) 0 9 1 Sales Reported Ins. Stock. 4 p.c. f 1940-32 98 0 0 Westport Coal 1 4 0 Woolworths Properyes (late Wednesday) 1 9 6 Dominion Breweries (rights) (late Wednesday) 0 6 9 Mount Lyell (late Wednesday) 1 13 0 N.Z. Refrigerating (paid) 0 19 6

£ s. d. Comm. Bank of Sydney 18 11 0 Bank of New South Wales .. 27 u 0 Aust. Consolidated Industries (con.) 0 16 101 Broken Hill Pty. ,, , 3 18 6 Cash Orders • • • • 0 15 6 Dunlop Perdrlau • • . 0 19 0 Huddart Parker 2 17 3 Afternoon Sales £ s. d. Bank of New South Wales .. 27 0 0 Comm. Banking of. Sydney .. 18 11 0 Queensland National Bank 4 10 3 Huddart Parker .. 2 17 3 Austrllan Gas A 6 18 6 G. J. Coles 3 13 6 Woolworths 1 2 0 Aust. Consolidated Industries . 1 18 i) Stedman 0 11 6 Gordon and Gotch 2 6 3 Winchombe, Carson • • * 1 8 0 Broken Hill Pty. 3 17 6 Rawang Tin ' 0 10 2 Loloma •• l 5 6

Sales • £ S. d: G. J. Coles .. ' .. 3 13 9 Dunlop Perdriau .. .. 0 18 1! Electrolytic Zinc .. 2 18 0 Electrolytic Zinc (pref.) .. 2 19 0 Mount Lyell .. 1 10 0 Broken Hill Pty. .. .. 3 18 0 Broken Hill South .. 1 8 10 Emperor .. .. 0 12 6 Loloma .. 1 5 6