Finance And Commerce STOCK EXCHANGE

Dominion, Volume 37, Issue 99, 22 January 1944, Page 4

Finance And Commerce STOCK EXCHANGE

Sales In New Zealand

Dealings in stocks aud shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number of shares in each lot being shown in the case ot

AUCKLAND. Second Liberty Loan, 15/5/48, 2} P* c ;» £9B; Third ditto, 15/12/53-56, 3 p.c., £9B 15/-; War Loan, 1/10/53, 2i p.c., £94 15/-; ditto, 1/8/51-54, 3 p.c., £100; National Bank of N.Z., 54/10; N.Z. Insurance, 90/-: Leyland-O’Brien, 22/6; West-port-Stockton, 3/4; N.Z. Breweries (2), 40/3; Booth Macdonald, pref., 10/-; Broken Hill Pty., 44/6; Electrolytic Zinz, 57/-; Farmers’ Trading, 25/3; K.D.V. Boxes, 12/2- Milne and Choyce debenture stock (odd lot), 24/6 Woolworths (Syd.), 19/8; Woolworths (N.Z.), 18/2, Unofficial list: Auckland Farmers’ Freezing, 24/-. Christchurch. Colonial Sugar, £5B: War Loan, 24 per cent., 1953, £94/15/-; Bank of Australasia, £9/5/-; National Bank of N.Z., 55/3; Bank of New Zealand, 43/3; New Zealand Insurance (cum div) (2), 90/-; Union Steam (pref.), 30/6; New Zealand Breweries, 40/2; Mason Struthers (10/- pd.), 7/5; Wilson's Cement, 10/3; Woolwortlis (N.Z.) (2), 18/2. Dunedin. Inscribed Stock, 24 per cent., 1948, £9B: Inscribed Stock, 3 per cent., Dccr., 1953 6, £9B/17/6; Union Steamship (pref.), £1 10/6; WestpurX Coal, £l/5/6; Waitahu Gold, '3d.; N.Z.' Insurance, £4/10/-; Southland Frozen Meat (ord.), £2/3/6; N.Z. Guarantee Corp., 4/4.

MARTHA MINE REPORT Sharp Decline In Output

Dominipn Special Service. AUCKLAND, January 21. A sharp drop in the tonnage treated and in receipts of gold and silver is revealed in theAeturns for 1043 issued by the Martha Gold Mining Company. These show that 5559 tons less were dealt with than in the preceding 12 months, and production of gold was lower by 53230 z. and ot silver by 30.9570 Z. These reductions represent a"decline in monetary receipts of approximately £60,000. A telegram received from the company’s superintendent at Waihi yesterday stated that the following information had been cabled to the London office: For the period ended December 31, comprising 26 crushing days, 18,792 tons of ofr were crushed for a result of 4937 fine ounces of gold and 33,374 fine ounces of silver. This is the final return for the year. The year’s totals show 166,070 tons treated for a return of 40,7910 z. of gold and 278,3830 z. of silver. At the last annual meeting of the company in London the chairman, Mr. G. R, Mitehlson, stated that the mine was being gradually exhausted and the end of its long life was not far off. Commenting ou the latest figures, Mr. J. H. G. Banks, New Zealand director and attorney, said it was true, as the chairman had emphasized, that the mine was a vanishing asset, but much more satisfactory results were still obtainable if adequate labour were available. At least another 25. skilled miners wercjieeded to enable operations to be carried on economically. The maintenance of orc treatment at the highest possible tonnage was an urgent requirement. Government Stock Prices LONDON, January 20. The market for British Government securities is steady and fairly active. Prices compared with those of January 6 are as follows :—

The general manager of the National Bunk of New Zealand announces payment on January 25 of an interim dividend of .14 per cent., less United Kingdom income tax at the rate of 7/8 in tho £l, in respect of rue year ending March 31, 1911. The above dividend will lie pavable in New Zealand at any branch of the National Bunk of Now Zealand at the rate of exchange for demand drafts on London current at date of dividend. This bank shows its capital and reserves as under:—Subscribed capital, £(1,000.009; paid-up capital, £2,000,090; reserve fund (invested in Government securities), £1.009,000; currency reserve (invested In Government securities), “509,000; reserve liabjlity of shareholders, £0,000,000; total £9,500.000. In addition there are undivided protits carried forwatd, £117,887.

Wellington. WELLINGTON. Sale No.of price. shares. £260 21 p.c. Stock, 15/5/48 .. £ s. d. 08 0 0 300 Westport Coal *15 6 200 N.Z. Breweries , *2 0 3 <500 Consol. Brick 250 (2 sales) N.Z. Breweries 0 10 0 2 0 3 132 Dominion Breweries .... 2 15 07 N.Z. Drugs 4 12 6 300 Farmers’ Trading ....... *Late sales Thursday. 15 3

Price. Variation. £ s. <1. 6. d. Consols, 2.4 p,c 79 10 0 ts a me Fund. Loan, 1940-90 113 11 j O 1 St War Loan, 31, 1952 . 103 10 0 0 1 Sf Cony. Loan, 34, 1901 105 0 0 same Victory Bonds, 4 p.e. 113 12 6 0 13* C’wealtli,'4, 1945-75 .. 102 12 6 0 13* C’w< al til, 4, 1943-50 .. 102 6 3 same C’wenltli, 3, 1948-53 .. 102 10 0 0 6 3* C’wealtli, 3, 1950-01 ,, 98 7 (J 0 5 0* C’wealtli, 3, 1950-59 -. 96 10 0 same N.S.W., 34, 1030-50 .. 100 17 6 0 3 9* Victoria, 3, 1929-40 .. 99 18 9 0 13* Q’land, 3, 1942-47 ... 102 0 same Victoria, 5, 1945-75 .. 09 10 0 0 2 6* S. Aust., 3, 1910, opt. 83 9 6 0 7 Gt S. Aust., 5, 1945-47 . 102 . i 0 0 2 6t W. Aust., 4, 1942-46 .. 101 0 0 0 1 3f Tasm., 4, 1942-62 .. 101 0 0 0 3 9* N.Z., 41, 1948-55 .... 106 i) 0 0 12 0* N.Z., 3', .11115 101 10 0 0 12 6* t Lower. •Higher. National Bank Of N.Z.