DEALINGS ON ’CHANGE

Dominion, Volume 30, Issue 175, 21 April 1937, Page 14

DEALINGS ON ’CHANGE

Yesterday’s Business RETURN ON INVESTMENTS Sales recorded oir Dominion Stock Exchanges yesterday are shown in the following list. In the second column is given the return based on the last annual dividend from investment at the quoted price. In calculating the return on shares in companies which pay their dividends outside New Zealand the exchange rates have not been taken into consideration. The return on 4 per eent. Government loans includes redemption. In the case of 3j per cent, loans the return is for the interest alone, and covers only the period for which the loans are tax-free:— WELLINGTON.

Big River Gold Mines Big River Gold Mines Ltd. reports for the week ended April 13: —Started repairing the mine’s ore bins, some of the outposts being badly decayed. Put a new winding rope on the hoisting engine for centre compartment of main shaft. No. 5 intermediate level: Drove north 10ft. on reef track carrying small learns of sfon*\ Total distance now driven is 22 ft... from rise. Also drove won th for 12ft., 7ft. of which was on stone 2ft. to 3 ft. Gin. wide. Two feet of tftone is showing overhead at the face. No. 5 level south drive advanced 13ft. to 135 ft. through reef track carrying mineralised seams of stone and leaving an average of 18 inches of stone overhead. Am now getting ready to riis'e for the south winze; tons of stone were delivered to the mine paddock. Oil Search in New Guinea Oil Search Ltd. reports that Mr. E. F. Griffin, managing director, and Mr. D. Dale Condit, the company’s chief geologist, have arrived in London on business of the company. A report by radio from the company'« senior geologist in Papua states that definite indications have been found of a large anticlinal area associated with oil seepages and oil-impregnated rocks and gas. Thorough geological examination of the subject area is being made. The company points out that caution should be exercised pending the receipt of further information. The Minister of the Interior has been advised of the development. Surveys are in progress to determine the best route of access to the structure to be drilled in the Mandated Territory, and a landing ground for aviation purposes near the drilling site is also being prepared. The recent issue of new shares closed ■with a total subscription of ISI.OOO shares. 58,925 of which were subweribed by Johannesburg interests. Placer Development Shares Placer Development. Ltd., reports that Greenshields and Company, Montreal, hare exercised their option on the 20,000 shares placed under offer to them in February, at 20 dollars per share net. The issued shares of the company now total 730,000, of 1 dollar each. Australian Price of Gold The price fixed by the Commonwealth Bank for gold, including jewellery, lodged at the Melbourne Mint for the week ended April 9, was at the rate of approximately £B/1/91 per ounce standard (22 carats), equal to a premium of 107.78 per cent. Payment is made according to the assay value of the gold. The price was 111. per ounce lower on the week. The price per ounce fine was £B/16/6 j, which was Id. lower on the week.

Bank of Australasia Ditto Sale Price £ s. d. *12 17 6 12 17 (5 Yield p.c. on investment. £ s. d. 3 3 o 1 E.S. and A. Bank ... 8 12 0 5 5 Union Bank 11 7 0 • f 8 Wgtn. Woollen, ord. 5 12 0 ;> 7 i N.Z. Breweries .... 2 19 3 10 7 Broken Hill Pty. .. 74 2 3 3 0 9 Dunlop Perdriau 1 0 1(1 4 16 0 Mount Lyell 2 5 3 .4 8 4 Unofficial list: — Woolworths Ltd., odd lot 7 9 0 1 13 6 •Late sale Monday. tKeported after last call. AUCKLAND. £ s. d. £ s. d. Govt. Bonds. 4 p.c. 15/2/43-46 102 15 0 13 4 E., S. and A. Bank .... 6 12 (l C’ il Bank of N.Z 2 5 0 4 8 10 N.Z. Insurance 3 1 3 3 Auckland Gas 1 1 9 1 1 Rotoiti Timber 0 5 6 9 1 Dominion Breweries (3) 2 1 0 3 3 5 Ditto, new issue . 1 19 (5 9 Electro. Zinc, pref. .. 2 19 9 6 11 Farmers’ Fertiliser .. 1 1 0 a 4 9 Taranaki Oil 0 4 5 — 0 4 4 —— Mount. Lyell 1 7 10 Ditto (2) 2 5 3 4 S 4 Placer Development 1 18 6 Unofficial list:— Woolworths Ltd 7 7 6 1 13 10 CHRISTCHURCH. £ s. d. £ s. <1. Inscr. Stock, 4 p.c. 15/4/40-49 101 15 0 3 15 4 Dalgetv and Co 10 18 o 15 0 N.Z. Refrig., 10/- pd 0 8 10 6 4 6 Kaiapoi Woollen (3) . 0 14 4 . i 18 7 Australian Glass 4 11 0 3 • > 11 Broken Hill Ppty. (2 4 16 3 1 4 Dunlop-Perdriau (2) 1 0 10 4 16 0 General Industries — 1 0 1 7 15 7 Electro. Zine, ord. ... 2 17 6 3 9 6 Ditto 2 16 G 3 10 9 Taranaki Oil (2) .... 0 4 0 a m 11 11 ■ 0 0 .11 —- Rawang Tin (2) 0 11 10 — 2 5 0 4 8 10 Ditto 2 5 3 4 8 4 Ditto 2 5 6 4 7 10 4 8 0 Mount Morgan 0 16 6 0 16 3 Sales reported:— Union Bank 11 7 0 2 8 5 Cantv. Frozen Meat, odd lot 9 7 6 Ft 12 0 Colonial Sugar 44 17 6 2 15 8 Kauri Timber 1 3 9 ,) 5 3 Mount Lvell .... 2 5 3 4 8 4 Ditto 2 5 0 4 8 10 Ditto (3) 2 4 9 4 9 4 2 5 10 4 7 3 Taranaki Oil 0 4 2 Unofficial list: — Andersons Ltd 0 19 0 New River 0 0 7} — DUNEDIN. £ s. d. 4'. s. d. Onion Bank 11 7 0 Q 8 o Electro. Zinc, ord. .. 2 17 3 3 9 11 Mount Lyell (4) .... 2 5 3 4 8 4 Mount Morgan (2) . 0 16 7 — North Broken Hill ... 3 10 0 0 10 8 BASB METALS MARKET , Further Decline in Prices By Telegraph.—Press Assn.—Copyright. London, April 19. The official London (middle) quotations for Monday, as reported by t he Australian Mines and Metals Association, compare with those previously cabled as follows: — April 16. April 19. Per Ton. Per Ton. CopperStandard, spot ... £ s. d. 59 S. 6 d. 3 Ditto, forward ... 60 18 9 57 11 3 Electrolytic .... to 67 0 0 69 0 0 65 67 0 0 0 0 Wire bars 69 0 0 67 0 0 Lead — 24 Spot .•••••••••• 25 1 3 1 3 Forward •••••••■ 24 18 9 23 48 9 Spelter — 26 0 0 24 12 6 VnrwiirH ....... 26 0 0 24 12 6 Tin— fSpot 285 15 0 258 5 0 Forward 263 17 6 256 12 6 Standard, per oz. * 2011-1.6d. ■ Fine *. • • 225-16d. 20 ll-16d. 22 5-16d. . 57.37 cents per lb.