COMMERCIAL

Evening Star, Issue 20635, 7 November 1930, Page 7

COMMERCIAL

DATES OF . DIVIDENDS PAYABLE.; M'Leod Bros., .fur'’, 13s, Novembei .■ ■ i Dunedin : Brewery, interim, 7 l-sd, November 12. • . , Mosgiel Woollen Co., final,. 4s 9 3-sd, November-12. . , E.S., and A. Bank, final, 4s 6d,- No-: vbmber 13. ' ' Taupiri Coal, interim, Is, November 15. ’ .. Dunedin - Stock Exchange Propriettary,- interim,; November 15. Broken . Hill- South, interim, Gd, November 21. . ■ ■ National insurance, final, Novembei 22. . ■ National Bank of Australasia (paid), interim, 9s; cont.,' interim, 4s Gd; November 24. N.Z • Paper Mills, interim, 8 2-5 d ,: November 29 (apprpx.). .Westport Coal, final, 9d, payable this' month., . . . Bank of New Zealand, interim, Is 4d.December'6 i approx.). Mount Lyqll, final,; Is, December 17. P. and 0., final,. Is,. December 19 (approx.). , MOUNT LYELL DIVIDEND, Cabled advice has been received that the Mount Lyell. Company has declared a dividend on 1,289,195 old shares out of the profits for the year ended September 30. The dividend is -payable on December 17. The net profit- for the year amounts to £131,177 after writing off £74,472 for'prospecting and development, depreciation, and taxation. WESTPORT-STOCKTON OUTPUT. The .general- manager, of the West-port-Stockton Coal Company Ltd. advises that the output for October-was 6,080 tons. The output for tho corresponding period last, year was 16,532 tons, which shows a,decrease of 10,452 tons. E.S. AND A. BANK. The registrar of the E.S. and A. Bank Ltd. advises that a final dividend at the'rate of 7 4 per cent, for the halfyear ended Juno 30, 1930 > (making, with the interim dividend paid on May 1, 121 per cent, for the year) will be pavablo on and , after November 13, 1930. , ■ PADDY’S POINT RETURN. The secretary of, the Paddy’s Point Gold- Mining Company Ltd. reports that a return of 650/. was obtained from the paddock completed on November 6. The area of the paddock was slightly more than one acre. - AUSTIN MOTORS DIVIDEND. An indication, that -the recent recovery ill the fortunes of the Austin Motors Company is being maintained is provided- by the. announcement of a dividend of 60 per cent, on the ordinary shares for the! seven mgnths to July 31. This compares with 20 per cent, for the year 1929, which was. the first cash payment, since 1918 and followed the, completion- of the payment of arrears on tho, B - ‘preference capital. Last, July, it was- intimated that tho end: of July was a. more suitable date for closing the financial year; hence ,the dividend n6w announced is for'a sevenmonth periodj the company’s financial year having previously coincided with tho calendar year. ,' Under the capital reduction scheme 0f‘1927 the issued ordinary capital was reduced to. £150,000; and the present dividend will'thus require' £90,000,. but. a further* £87,500 is involved in the payment of the ; dividend -oil .tjib &) per cent, preferred ordinary capital of £750'000 for 'the seven-months,' BRITISH FILM CORPORATION. . A new British -film: company for making films and building cinemas, with-a capital of £1;500,000, was being formed when the last, mail left. It will embrace ten existent companies concerned with the cinema industry. ' - ■ The' directors 1 -of tho new' combine, which will be known ns the Empire Building, Manufacturing, arid Kinenia Corporation Ltd., are well known, in tho commercial, world. Among the members of the committee "’ill bo Captain Geoffrey Mallins, the explorer, who, will advise on overseas.production. Among the . interests acquired are firms,dealing in the film import and export production, manufacture of film stock and technical accessories. It is also proposed to - erect a number of cinemas throughout the country, .

BANK OF ENGLAND RETURNS. Pres* Association—By Telegraph—Copyright LONDON, Novoiriber 6. (Received November 7, at 11.45 a.m.) ISSUE DEPARTMENT.

T.he propchtion-of reserves to liabilities is 59.40 per cent. • Short loans are quoted at I 7- 8 per cent., three-month bill*- at 2 1-1(5 per cent, LONDON STOCK EXCHANGE. Press Association—By Telegraph—Copyright. ' LONDON, November 6. '.The. following are the, latest quotation's for Government securities:—

COAL OIL (N.Z.)

The balance-sheet of Coal Oil (N.Z.) Limited, covering the period from October 1, 1928, to Juno 30, 1930, shows 'that the capital paid and deemed, to be paid at the latter date was £242,396. Sundry creditors account for £8,644, and tho liability to vendors is £37,738. There is a contingent liability in relation to an action brought by tho former manager. The assets include oil and coal'properties .in-New Zealand, £141,000;, plant and machinery, £20,702; furniture, .fittings, etc., £860; sundry debtors, £1,343; oil jiropertics, developments, rights, etc., £74,914; coal property developments, £659; flotation and preliminary, expenses, £22,205; administrative expenses, £9,568; ' and c- shj £4,965. There is a loss of £12,500 on oil properties, which arises from certain -areas acquired for consideration other- than, cash; having been, subsequently relinquished. .

; , BUTTER, CHEESE, ETC.

Prc«» Aisoc'.'u (ion—By Telegraph—Copyright.

LONDON, Ndveinber 6. (Received November 7, at 11.5 a.m.) Butter is quiet after fairly active trade earlier in tho week. Danish, 138 s to 140 s; choicest salted New Zea-land,-112s to 114 s ; Australian, 108 s to 110 s; unsaited—New Zealand 152 s to 1565, .Australian 128 s to 1325. . Cheese is in fair demand. Now Zealand white, 73s to 745; coloured, 70s; Australian white, 725; coloured, 68s to 705.-

Queensland bacon is fetching CSs per cwt, and hams 90s. Tho -quality is satisfactory, but the prices are l poor, owing to heavy Continental supplies.

The. New Zealand Loan and Mercantile Agency Co, Ltd. lias received the following cable from London dated November s.Better: New. Zealand, choicest, salted. 114 s to lies; Government, first grade factory, 110 s to Ills; market is steady. Cheese; White, 74s to 755; coloured, 69s to 70s; market is Slow. Messrs A. S. Paterson and Co. Ltd. have received the following cable advice from London, dated October. 6:— Butter: Market steady; prospects unchanged immediate future. Danish, 140 s; New Zealand, 110 s. 11-*"- Australian, 108 s, 110 s. Cheese: Market quietly steady. White,.74s; coloured, 09s, 70s.

AUSTRALIAN MARKETS.

SYDNEY, November 6. Wheat: Bulk, 2s 10Jd; bagged, 2s 8d ; ox trucks, Sydney. Flour, £8 10s. Pollard, £3. Bran, £4 10s. _ . Potatoes: Tasmanian, £10; Victorian, £7 10s. Onions: Victorian Spanish, £6 to £7. Oats; White, 3s 6d; Algerian, 4s 3d. Maize, 3s lid. MELBOURNE, November 7. (Received November 7, at 10.35 a.m.) Wheat,. 2s lid. Flour, £8 15s and £9. Bran, £4 ss. Pollard, £5. Oats, 2s 6d. Barley: English, 3s. Maize, 4s 2d. BEET SUGAR. Press Association—By Telegraph—Copyright. LONDON, November 6. (Received November 7, at 11.5 a.m.) Beet sugar: December, 6s 4Jd. HAWKE’S BAY FREEZING WORKS. [Per United Press Association.] ' HASTINGS, November '6. The freezing works in Hawke’s Bay wore opened to-day. The prices at present offered for early shipment are;— Lambs, 7]d; wethers (up to 481 b), 4*(d;’ fat ewes, 9s per 1001 b; px beef, 30s.

DIVIDENDS ANNOUNCED. Press Association—By Telegraph—Copyright, LONDON, November 6. (Received November 7, at 11 a.m.) Dividends: National Bank of Neir Zealand (interim), 12 per cent., tax free; New Zealand Loan and Mercan. tile (final), 2 per cent. PRICE OF GOLD. Press Association—By Telegraph—Copyright. LONDON, November 6, (Received November 7, at 11. a.m.V Fine gold is quoted at £4 5s o|d per oz. CHICAGO WHEAT QUOTATIONS. Prrss Association —By Telegraph—Copyright, LONDON, Noveniber 6. (Received November 7, at 11 a.m.) Chicago wheat: December, 74J cent* per bushel; March, 775; May, 805; July, 805. . AMERICAN MONEY RATE. Press Association—By Telegraph—Copyright. NEW YORK, November 6. ■ (Received November 7, at 11 a.m.) Call mor>''v rate of renewal was 9 per cent, all day..

Note issue In circulation ... ,,, £33 .,403,738 Banking department • M , 63,90y,232 Government debt if 11,Ok. 100 Other ’Govcr. menl securities ... ... 232,892,386 Other securities ... ... 11,020,710 Silver com 4,4(>5,795 Gold coin ana bullion ... 100 372,970 BANKING. DEPARTMENT.' . Proprietors’ capital 353,000 Rest ... ... . 3,136.449 Public •. deposits . ... > , 39,377,203 Other deposits (bankers) ... 53,532 565 Other accounts . ... 34,514,530 Seven-day and ptlur bills' .... ... ... . .. 1,755 127,115,504 Government securities Discounts and advances ... ... ... 4,459,233 Olhei 1 secun ies ..., ... ... ' 22,480,519 Notes in reserve 63,909,232 Gold and stiver com ... ...• ... ... 1 100,273

Imperial Consols S£ p.<% . £i)9 0 0 War loan, 5 p c., • 1027-47 ... ... 102 10 0 Funding loan, 4 p.c., i960 J'JjOO ... 95 4 8 Convursio:* loan, 3} p.c 82 .0 0 Victoty bonds; 4 p.c.- ... - • 9o 15 0 Comr.ionweahh. G p.c., 1931-41. ... in 3 (i Commonwealth 5 p.c., 1945-75 ... 80 5 0 New 6 p.c., 193G-51 ... ... 105 17 6 New- Zealand 4 y.c, 1929 98 0 0 New' island 3$ p.c,,' 1940 ... 90 8 J New Zealand' 3 p.c., 1940 8! 12 G New South Wales 0} pc., 19.30-40 .92 0 0 New South Wales G p.c., 1922-31 90,15 0 New South Wales 5j p.c., 1000-40 : ss 10 0 New Soi/h Wales 4. p.c., 1933 ... , HS 0 0 New. South -Wales 3J p.c., 1930*50 79 0 0 New South Wales 3 p.c., -1955 ... 58 0 0 Victoria fi.J .p.c, 1930-40 . «> JO j Victoria 5 p.c., 1932 42 ... 77 10 0 Vitoria 45 p;c, 1940-GO (1) 10 0 Victoria’ 3J p.»* / 1929-49 m 10 0 Victoria 3 pc., 1929-40 58 5 0 Queensland G p 1930-40 80 0 0 Queensland- 9 p.c., 1940-G0 75 10 0 Queensland 3 p.c., 1922-47 50 0 0 South Australia G* p.c*, 1030-40 ... at 10 0 South - Australia 3$ ,, p c., 1930 ... 79 0 0 South Australia 3 pc, 10IG or a ter 1 51 0 0 West 'Australia G p.c., -1930-40 ... go 1» 0 West Australia 3J p.c, 1920-35 ... 81 7 0 West Australia '3 p.c,, 1915-25 ... 80 0 0 Tasmania 6} p.c,' 1930-40 ... ... 95 .0 0 Tasmania 3J pc. 1920-40 .78 0 0 Tasmania 3 p.c., 1920-40 ... ... 75 0 0