COMMERCIAL

Press, Volume LXXVIII, Issue 23589, 17 March 1942, Page 6

COMMERCIAL

STOCK EXCHANGES NO SALES ON LOCAL MARKET This week’s market, has opened firmly, but as yet no sales have been recorded. The modification by the Commonwealth Government of the" regulations regarding Australian shares has caused more quotations to be made. but. markets have to be reformed and as yet little business has resulted. Last week Colonial Sugars entered the sales list on several occasions. A.C.l.'.s were active from 37s Gd to 38s 3d. Woolworths, Ltd,, changed hands at 12s, but as yet Broken Hill Pty., Electrolytic Zinc, and others that enjoy active markets, have not reached the sales list. The following three Government Stocks were quoted, ex interest, which was paid over the week-end:—3 p.c. 194G-48, buyers £9B: 3j p.c., 1957-60, buyers £100; Rural Bonds, due 1947, buyers £lO2. All other Government issues had buyers i% late rates. The only seller to appear was for the 4 p.c. 1943-46 Slock at £IOO 15s, wilb (he buyer responding at £IOO 10s. Any substantial parcel that has been sold recently in every case has shown a substantial improvement on previous business, AUCKLAND Sales,—Auckland Harbour Board. 10/8/60, 3J p.c., £9B; Bank of New South Wales, £25 15s; Bank of New Zealand. 365: South British Insurance (2), 475; Dominion Breweries, 26s 9d; New Zealand Breweries. 325; Kauri Timber Company. 18s 3d; Wool worths I Sydney), 12s; Taranaki Oil, 4s; Kaiapoi Woollen, 18s 3d; New Zealand Newspapers, 31s fid. WELLINGTON Sales—Late Friday: Woolworlhs, Ltd. lord,). 12s Monday: 4 p.c. Stock. 1955, £107; Farmers' Trading “A." 22 s 9d; Woolworths (N.Z.I (ord.), 12s; Woolworlhs Ltd. (oid.l, 12s, DUNEDIN Late Sales: Four per cent. Slock, 52/55. £lO6 10s. Sale reported: Bank ol New Zealand, 365. SYDNEY (Received March Ifi, 11 p.m.) SYDNEY, March Ifi. Business transacted in the Sydney sharemarket since last Wednesday is regarded as satisfactory considering the gravity of the war situation. While quotations continue to be wide there is a tendency by buyers to raise tlvcir bids as was the case on the Stock Exchange to-day. Barks, however, wore neglected. Sales.—Tooths. 365; Toohcys, 20s; British Tobacco, 33s Gd; Woolworths. 10s !)d: Aust. Consolidated Industries, 375: Du:.lop Perdriau. 17s fid; Broken Hill Pty., 28s; Emperor. 5s 9d. MEAT EXPORT FIVE MONTHS’ KILLINGS The official figures of killings tor the present season at the Dominion's freezing works from October 1 till February 28, as issued by the New Zealand Meat Producers' Board, show that lamb killings to that date total 6,896,132 carcases, Ibis being an increase of 134,315 carcases over the killings to March 1 lasi season Wether mutton killings arc 407,171 carcases, and ewe mutton killings 819.181 carcases, compared with 286.549 and 886,216 carcases respectively last season. Details of the lamb and mutton killing.in the North and the South Islands, witn figures for the previous season in the second column arc as follows; North Island Lambs .. 4.126.861 4.()03.:;74 Wethers 381.717 259,681 Ewes •• 575,188 69(1,2 ol South Island Lambs - .. 2,769,271 2,758.413 Wethers • • 25,454 26.868 Ewes 240,996 195.938 Frozen beef production is now 128.671 quarters, compared with 197.457 quarters last season. Porker killings total 78,939 carcases, an increase of 44,448, whilst baconcrs total 177.311 carcases, a decrease of 46,720. MINING MAORI GOLD YEAR The annual report and balance-sheet of Maori Gold, Ltd. (formerly the Maori Gullv Company) shows a net operating profit of £5266 tor the year ending December 31, 1941. The directors state that due to stoppages, owing principally to machinery breakdowns, operations were carried out for only the equivalent ot 39 weeks during the year. The net profit, after writing off the loss of £603 brought forward had been applied to writing dowm tlie plant, dredge, and Callaghans area etc., leaving a balance to profit and loss'of £34. Repairs and maintenance totalled £5630, indicating the hammering the dredge and machinery had received The gross proceeds of gold won were £l3 133. less gold duty and war duty. £1923 Cash at bank at the end of the vear was £1937, and gold premiums receivable £I3OO. The overdraft, which stood at £2351 on December 31, 1940, had been paid off, and since then the debenture debt had been reduced by £IOOO. Two other debentures, totalling £l7od and £2OOO at the end of the year, it was hoped to pay off within the next tew months if the recent good run continued. Associated.—The return for the week ended March 13 was 1330z lor 44.000 yaru?. Ngahere.—The Ngahere return for tne half-month ending March 16 is 3460z from 130,560 yards worked in 246 hours,