WELLINGTON EXCHANGE

Dominion, Volume 31, Issue 110, 3 February 1938, Page 14

WELLINGTON EXCHANGE

Yesterday’s Quotations

The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:—

Unofficial Last

Butter Market Firm v By Telegraph.—Press Assn.—Copyright. London, February 1. The butter market is firm. Choicest salted New Zealand, 109/- a cwt.; Australian, 108/-; unsalted New Zealand, 112/-; Australian, 110/- to 111/-. Gold Mining Returns The Okarito return was 18oz. sdwt. for 119 hours. (By Telegraph—Frees Association.) Dunedin, February 2. The Waitahu wash-up is 440 z. 19dwt. for 51 shifts. Norseman Gold Profit After providing £9576 for depreciation, Norseman Gold Mines N.L. earned a net profit of £11q,717 in the year ended October 31, compared with £70,400 the previous year. Four dividends, each of 9d a share, required £60,000; £16,020 was transferred to reserve for taxation, and an accumulated profit of £66,594, has been carried forward. , Ore milled in the year totalled 86, short tons, and 111,362 short tons were cyanided for a return of 29,1210 z of gold, which, with silver produced, realised £258,520. Working costs amounted to_l9/a ton for ore extraction and 10/0.5 tor treatment, a total of 29/0.5 a ton. The gross proceeds represent an increase of £70.397 on those of the previous year Estimated ore reserves at October 31, including proved and partly proved ore, were: —Norseman, 204,000 tons; Iron King, 400,000 tons. The average grade of the Norseman reserves showed a slight fall on the year to 7.2dwt_. That of the Iron King mine was estimated as follows: —Proved ore. 80,000 tons, 3dwt; partly proved, 320,000 tons 2Jcwt. The company holds 130,000 shares in Norseman Developments N..L. The directors consider that in the interests, of both companies these should be retained for at least a further 12 months.

S.Z. GOVT. LOANS. Buyers. £ s. <1. Sellers. £ 8. <1. 3* p.c. Inscr. Stock, ' 3/1039-43 101 12 0 — Ditto. 9/1939-43 .... 101 15 0 — Ditto, 3/1941-43 .... 101 15 0 —— Ditto, 9/1941-43 .... 101 15 0 —— Ditto, 11/1938-52 ... 102 7 6 —— Ditto, 5/1939-52 .... 101 10 0 — Ditto, 11/1941-52 ... 101 10 0 —- Ditto, 5/1941-52 .... 101 10 0 — Ditto, 1/1953-57 .... 97 0 0 0 0 31 p.e. ditto, 11/1938-41 100 0 0 — 4 p.e. ditto, 4/1940-49 103 10 0 —— Ditto. 6/1952-55 .... 103 10 0 — 34 p.c. Bonds, 1/1953-57 97 0 0 34 p.c. ditto, 11/1938-41 100 0 0 — 4 p.c. ditto, 4/1940-49 103 10 0 — Ditto, 0/1952-55 ...; 103 5 p.c. Rural Bonds, 10 0 9/1947 103 0 0 — BANKS. Australasia — 10 17 0 Comrcl. of Aust., ord. *0 16 10 National of N.Z 2 14 0 — New Sontli Wales ... *32 10 0 New Zealand — o •j Ditto, D. long term •— 1 10 -Union of Aust — ,9 9 0 FINANCIAL. Equitable Bdg. Co. .. 0 9 11 9 Goldsbrougb, Mort ■■ — 1 11 N.Z. Guarantee Corp. 0 4 4 0 4 8 Wgtn. Invest.. T. & A. *0 8 10 — GAS. Christchurch *1 8 0 ——- Wellington, ord 11/ 0 — INSURANCE. New Zealand — •3 2 9 South British 2 8 3 MEAT PRESERVING. N.Z. KelTig., £1 paid — *1 0 0 Ditto, 10/- paid .... *0 9 1 —- Wellington Meat Exp. 0 8 0 — TRANSPORT. p and 0. defd. stock 1 8 0 —— Kelburne Tram., pref. 1 1 6 — WOOLLEN. Wellington, ord — *> 10 0 COAL. Kaitangata 1 6 0 2 Renown, pref. ...... — 0 o TIMBER. Hotoitl, pref —— 0 18 3 Taupo Totara, ord. -. 0 5 9 0 Ditto, pref ,. U 13 6 Ditto, HI/- pd., pref. — 0 14 6 BREWERIES. Dominion .......... —• 6 N.Z Breweries 2 G 0 Tooth and Co 2 Tui, new 15 9 2 16 10 2 3 miscellaneous. Anthony Hordern ... . — „ 0 18 9 Aust. Glass * 13 U British Tobacco, Aust. 2 V 6 9 9 Broken Hill Pty. .... 3 1 6 3 1 9 Ditto, contrlb 1 13 0 Burns, Philp and Co. —— 17 0 Colonial Sugar ....... 40 7 6 46 15 0 Consol. Brick & Pipe 9 7 3 0 7 10 Dental & Medical Sup. 0 13 Dunlop Perdriau .... .1 3 3 1 3 6 Electrolytic Zinc, ord. ’2 7 Ditto, uref. ........ 2 10 3 0 2 b 2 10 0 6 Kelt and Textiles ... 1 10 6 General Industries ... — 1 0 3 G. J. Coles >4 2 0 4 ** Hume Pipe 1 0 6 Macduffs, old, prer. •• — 1 6 McKenzies — 3 ±4: 4 q Moturoa Oil ......... —— National Electric —• U 9 Sharland & Co., ord. —• 0 18 6 Shillings Ltd Taranaki Oil 0 5 11 Wilsons (N.Z.) Cement. —— Woolworths (N.Z.), ord. 1 Ditto, pref 1 0 17 4 0 Ditto, Ltd., ord. .. 1 5 — Ditto, Ltd.. 2nd pref. 1 8 9 — Ditto, Ltd., 1st pref. 2 1 0 Radio (1936) Ltd It. G. Kain, pref. ... — 1 1 2 0 6 ulympic Tyre & Bubber ••• 2 6 0 2 11 0 Milne and Choyce, deb. stock • • 0 15 9 Northern '’Roller Mills — 1 2 0 MINING. 0 1 10 Gillespie's Beach .... 0 Mossy Creek Skippers o u Waibi Investments .. o a Australian Mining li 0 0 0 24 9 10 Broken Hill South .. *1 14 .Mount Lyell 1 11 3 1 11 9 Mount Morgan 9 6 OVERSEAS LISTINGS. Woolworths Holdings — 0 14 7 ‘Cum dividend. tBx dividend.

Dominion ITarmerp’ InBuyers. £ 0. d. Sellers. £ s. d. 4 1'2 c Metiers (N.Z.) Ltd. .. —■ 0 11 0 National Tobacco .... — 2 18 Selfridges (A/asta.), 1 i> a Ltd 1 0