COMMERCIAL

Evening Star, Issue 20983, 23 December 1931, Page 7

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. No sales were reported at this mbrning’s call-over. Sellers of Bank of Australasias cased to £8 15s, and sellers were absent. Bank of New Zealands were on the market at £2 5s 6d, without buyers. There was a wider market for Commercials, sellers still asking 16s 9d and buyers easing to 16s. In the shipping section Howard, Smiths were sought for at 6s 6d and ordinary Huddart, Parkers at £1 3s, without a seller of either. Buyers of U.S.S. (preference) were firm at 19s fid, while a seller came on the market at £1 Os 6d. Gear Meats had inquiry at £1 7s, without any selling offer, while the paid-up New 2realand Refrigerating shares had a closer markefc, buyers improving to 11s 3d and sellers easing to 11s 9d. Buyers of Colonial Sugars improved to £4O without attracting sellers. There was an improvement in Mosgiel Woollen shares also, the buying bid being £6 14s 6d, without a seller quoting. An unsupported buyer offered £22 for M'Leod Bros.’ shares. Okaritos remained firm, buyers offering 10s 9d, with sellers demanding 11s. There was a sharp rise in Golden Progress shares, due, no doubt, to the excellent return from the last wash-up. Buyers bid £1 19s this morning, but sellers would not quit under £2 7s. Quotations as uadsr:—

DIVIDENDS PAYABLE, Stock. Amount. Psriod. Dat*. Nat. Bank of N.Z. 2/ interim Jan. 4 Zinc Corporation 2/ interim Jan. 4 FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright.

THE METAL MARKET. 9rt» Association—By Telegraph—Copyright, LONDON, December 21. Copper: Standard, £4O 3s 9d; forward, £4O 16s 3d. Electrolytic; Spot, £47: forward, £49.. Wire bars, £49. Lead; Spot, £ls 3s 9d; forward, £ls 11s 3d. Spelter: Spot, £l4 15s; forward, £ls 3s 9d. Tin: Spot, £l4l Is 3d; forward, £144 Is 3d. • Silver: Spot, 22 7-16 d per oz; fine, 20 7-16 d. WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, December 21. Wheat: Cargoes are dull. With the approach of the holidays sellers are willing to accept an occasional decline, but buyers are apathetic. Parcels are in moderate request, Manitobas showing Gd down, while other sorts are neglected at 3d decline. Futures.—London; December, 245; February, 24s 4d; June, 25s 2d; Liverpool: December, 5s l|d; March, 5s 4|d; May, 5s 7ld; July 5s 9ijd. GOLDEN TERRACE DREDGING COMPANY. [Per United Press Association.] INVERCARGILL, December 22 ; Tho Golden Terraco Gold Dredging Company reports a washmp of 460 z 15dwfc for 170 hours’ dredging.

COMPANIES REGISTERED. The latest issue of the /Mercantile Gazette ’ notifies the registration of the*fol!owing companies;— Industries Ltd. Registered as a private company December 7, 1931. Capital : £IO,OOO, into 10,000 shares of £1 each. Subscribers: Auckland—J. A. Gentles 5,500, S. Medley 500, J. S. Whitaker, E. H. Rhodes 250 each. Wellington—J, A. Doctor 500. Christchurch—E. E. M. Templin 500. Dunedin—W A. Mitson 250, H. D. Kerr 1,250, Robert Nicol 1,000. Objects: To establish companies, etc., for the prosecution of undertakings, works projects, enterprises, industries, businesses, and general incidental. Poole and Stables Ltd. Registered as a private company December 10, 1931. Capital: £750, into 750 shares of £1 each. Subscribers; Dunedin— F. W. Poole, W. L. Stables 300 each. Balclutha—J. Sinclair 150. Objects: Electricians, mechanical engineers, etc. Conn’s ((Robert) Grand Pharmacy Ltd. Registered as a private company December 10, 1931. Capital; £I,OOO, into 1,000 shares of £1 each. Subscribers : Christchurch—R. Conn 950, A. J. Conn 50. Objects: Chemists, druggists, etc., dealers in pharmaceutical medicinal, chemical, industrial, and other preparations. Hobbs (Brighton) Motors Ltd. Registered as a private company December 10, 1931. Capital; £6OO, into 6C 4 J shares of £1 each. Subscribers: Brighton— C. J. Hobbs 50, H. W. E. Hobbs 50. Dunedin—S. L. Gould 500, Objects : Garage proprietors, taxi cab, motor bus, and other public or private conveyance proprietors. Dunedin Masonic Hall Company Ltd. Registered December 11, 1931. Capital: £6,000, into 1,200 shares of £5 each. Subscribers: Dunedin—E. W. G. H. Watts, John Bews, W. R. Brugh 80 shares, F. J. Wiliams 80, G. T. Lindley and J. Jacobs 80, J. R. Cameron and C. E. Gilbert 80, G. D. Wright and J. Simpson 80, A. J. Allan 80, T. W. Dobbie, D. Terry, and J. T. Hamann 80, W. Ripley, A. V. Gain, and George Stratton 80, H. W. Miller and W. Fleming 80, J. A. Robinson 80. Objects •, To build and provide for the unkeep of a Masonic hall. • Fairfield Collieries Ltd. Registered as a private company December 12, 1931. Capital; £2,050, in 2,050 shares of £1 each. Subscribers: Fairfield—J. B. Kirkland 500, C. Ross 500. Dunedin—Alexander Ferguson 550, A. R. Stevenson 450, G, W. Ferens 50. Objects : To acquire coal mines and other mines and to sell and dispose of coal and other ores, to carry on business of coal masters, smelters, etc., to obtain the by-products of coal.

GOLDEN DAWN. A telegram was received in Christchurch on Monday reporting that the directors of Golden Dawn Gold Mining Company had visited the property on Saturday. The battery was working continuously and the cyanide plant would start during the present week. The mill will be kept running through the holidays, and everything was going satisfactorily. ALEXANDER MINES. The result of the Alexander mine’s December clean-up resulted in 400 tons of ore being crushed for 3500 z lldwt of melted gold. The cyanide plant treated 230 tons of sands for 98oz 16dwt of bullion, estimated at £1,738, exclusive of the premium on the sale of gold in London and premium on exchange. OIL BORING. The following report has been received from the secretary of the Motoroa Oil Fields Ltd.: — Motoroa No. 1 well: The damage caused by lire in November has been repaired and the well has been deepened to 2,125 ft, where additional oil and gas were met with. The well is now tubed and production tests are in progress.

RENEWED INTEREST. Advice has now been received that a representative ot one of the largest metallurgical firms in London, which was intimately associated with the gold workings at Broken Hill and on the Rand, is .being sent to New Zealand to conduct investigations, reports an exchange. Another sign of interest in the dominion’s gold resources is contained in the publication, the ‘ Mining World,’ of October 10, which gave prominence to an account of a geological investigation of the gold-bearing cement conglomerate in New Zealand. STOCK EXCHANGE VACATION. The Dunedin Stock Exchange closed for the Christmas-New Year vacation at mid-day to-day, and will not reopen till Monday, January 11, 1932.

Buyers. Sellers. BANKING— £ s. d. £ s. d. Bank of Australasia 8 15 0 Bank of N.S.W. ... 28 0 0 Bank of N.Z Bank of N.Z. — 2 5 6 (Long “ D ”) 15 0 Commercial Bank ... 0 16 0 0 16 9 E.S. and A. Bank... National, Bank of 4 10 0 — N.Z. (cum div.) ... Union Bank of Aus- — 4 5 0 tralia Ltd. ... ... INSURANCE— 7 16 0 8 0 0 National Insur. Co....''' 0 12 8 0 13 0 N.Z. Insur. Co. — 2 0 9 Standard Insur Co. SHIPPING— — 2 4 0 Howard Smith 0 6 6 Huddart, Parker (ord.) 13 0 U.S.S. Co. (pref.) ... COAL0 19 6 1 0 6 Kaitaagata Coal • J N _ Westport Coal Co. ... W estport-Stockton — 1 4 4 (pref.) LOAN AND AGENCY— — 0 2 6 Goldsbrough, Mort ... — 1 4 0 National Mortgage ... National Mortgage — 2 2 0 (“ B ” issue) N.Z. Loan and Mer- — 1 8 0 cantile (ord.) — 52 0 0 Trustees, Executors, and Agency Wright. Stephenson 2 18 0 (ord.) ’.. MEAT PRESERVING— 0 16 0 Gear Meat Co N.Z. Refrigerating 17 0 — (paid) ... N.Z. Refrigerating 0 11 i 0 11 9 (cont.) MISCELLANEOUS— British Tobacco 0 4 10 0 5 0 (cum div.) 16 3 1 7 3 Colonial Sugar Co.... Crystal Ice Co 40 0 0 , — 12 0 — D.I.C. (ord.) 0 11 6 — D.I.C, (pref.) 0 19 9 — Dominion Rubber ... Donaghy’s Rope and — 0 10 0 Twine CO CO r~4 — Eclipse Petrol Milburn Lime and —■ 0 3 0 Cement — 1 10 0 Mosgiel Woollen Co. 6 14 6 — M'Leod Bros 22 0 0 — National Electric — 0 9 0 N.Z. Drug Co — 2 10 0 N.Z. Express (pref.) 0 14 0 — N.Z. Paper Mills 0 18 6 1 0 0 ‘ Otago Daily Times ' Wilson’s N.Z. 2 5 0 — Cement 1 13 6 1 15 3 Woolworths (pref.) GAS1 4 0 — Christchurch BREWERIES— 1 6 0 — N.Z. Breweries Ltd.... 18 0 1 8 9 N.Z. Breweries Debs. 110 — N.Z. Breweries Stock 1 1 0 Dunedin Brewery ... 0 19 6 r-r

MINING— Kawarau 0 0 6 Waihi 0 16 1 Waihi Grand Juno.... 0 3 7 0 4 0 Molyneux Electric ... 0 1 8 0 3 6 Kildare 0 1 8 0 2 0 Okarito 0 10 9 0 11 0 Paddy’s Point 0 3 0 — Cornish Point (paid) —. 0 0 4 Golden Progress 1 19 0 2 7 0 King Solomon ... ... 0 111 0 2 2 Golden Point 0 0 8 Blackwater 0 3 6 WAR BONDS (Bonds quoted are £100 Bonds) — 1938 4 i,- p.c. Bonds ... 96 r 0 0 97 0 0 1939 p.c. Bonds ... 96 0 0 97 0 0 1941. p.c. Bonds ... 96 0 0 97 0 0 1938 4£ p.c. Inso. ... 96 0 0 97 0 0 1939 4i p.c. Inse. 96 0 0 97 0 0 1936 5| p.c. Bonds ... 99 15 0 1936 651 p.c. Insc. ... — 100 0 0 1937 5i p.c. Bonds ... 94 0 0 1937 '5j p.c. Bonds ... 99 15 0 1937 5£ p.c. Insc. ... 99 15 0 100 10 0

RUGBY, December 22. (Received December 23, at noon.) Paris, franc to £ 1 87} 86} Brussels, belgas to £X 124 13-16 24 7-16 Oslo, kroner to £l 181 18} Stockholm, kroner to £ 1 ... 18 17 15-16 Copenhagen, kroner to £1 181 18} Geneva, franc to £1 ... ... Berlin, reichmarken to 17 11-16 17 7-16 14 3-16 14} Montreal, dollar to £1 4.13 4.17} New York, dollar to £1 ... 3.45} 3.40} Amsterdam, florin to £1 ... 8} 8 7-16 Milan, lire to ;£1 67} 66} Prague, kroner to £1 116 113 Vienna, schilling to £1 ... 29 28 Helsingfors, marks to £1 ... 245 240 Madrid, peseta to 40 9-16 40} Athens, drachmae to ... 262} 260 Lisbon, escudo to £1 109} 109} Bucharest, lei to 580 570 Rio de Janeiro, pence to mllreis 4} 4} Buenos Aires, pence to pesos 40} 4?} pence to dollar 31} 31} .Shanghai, pence to tael ... 23 11-16 23} Yokohama, pence to yen ... 29| 27} Hongkong, pence to dollar 17} 17 6-33 Bombay, penr* to rupee ... 4 Nomirial 18 5-32 18 9-64