Commerce, Mining, & Finance

Evening Star, Issue 21583, 1 December 1933, Page 7

Commerce, Mining, & Finance

AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph-Copyright. SYDNEY, November 130. On the Stock Exchange industrial stocks developed irregularity, and price movements on the whole favoured buyers. Commonwealth loans were, however, firmer. The following sales were made; — Bank of New South Wales, £32 ss; National Bank (£5 paid), £6 11s; Bank of Australasia, £l2 7s; Colonial Sugar (New Zealand delivery), £6l 17s 6d; Associated News, 20s 9d (pref. 30s 3c!); British Tobacco, 36s lOJcl; Tooth’s, -11 s 3d; Toohey’s, 23s Ocl; Carlton Brewery, 43s 3d; Dunlop Perdriau, 19s 3d; Goldsbrough, Atort, 31s 6d; Dalgetys, £lO 8s; Australian General Assurance, 11s yd; Anthony Hordern, 13s Id; Standard Cement. 16s 6d; Drug Houses of Australia, 17s 6d ; Commonwealth Wool, 19s; David Jones. 365; Winchcombe, Carson, 29s 9d ; Wilcox, Alofflin, 11s 3d; Nestles (pref.), 34s 3d; Mount Lyell, 22s 4|d; Broken Hill Proprietary, 29s 4Jd; South Broken Hill, 64s ; Mount Morgan (six weeks), 58s. MELBOURNE, November 30. _ Commercial Bank , of Australia, 17s 2d; National Bank (£lO paid), £l3 12s ; Dunlop Perdriau, 19s 4d (pref. 355) ; .Electrolytic Zinc, 26s 4pl; Goldsbrough, Mort, 31s 104 d. METAL MARKET Press Association—By Telegraph—Copyright LONDON, November 29. ' The following are the official metal Quotations: — Copper.—Standard, £29 0s 7Jd; forward, £29 15s 7id. Eloctrolvtic.—-Spot, £32 15s; forward, £33 los. " Wire bars, £33 15s. Lead.- —Spot, £ll 11s 3d; forward, £ll los. Spelter.—Spot, £l4 15s; forward. £ls. Tin. —Spot, £225 11s 3d; forward, £225 13s 9d. Pig Iron.—Home trade, £3 2s 6d; export, £2 15s. Antimony.—British, £39, 10s ; foreign, £22 17s 6d. Molybdenite, £2 Is per unit. Wolfram. £1 Cs Bd. Silver.—Standard, 18 5-16 d per oz; fine, 19£d. AUSTRALIAN MARKETS Press Association —By Telegraph—Copyright. SYDNEY, November '3(l. The wheat market is firm. Country rates—bagged 2s Id, bulk 2s, equal to about 2s 8d (ex trucks, Sydney). Flour, £9. Bran, £4 10s. Pollard, £5. Potatoes: Tasmanian. £7 to £8; Victorian, to £4; others, £7. Onions: Victorian Spanish, £3 10s and £4. Oaten hay,’ £7 10s.Alaize, 3s 8d and 3s 9d. ADELAIDE, November 30. Wheat; Growers’ lots, 2s aid. Flour, Bakers’ lots. £7 10s. Bran and pollard, £5 2s 6ci. Oats, Is lOrl. - Barley, 2s Id to 2s 4d. MET.BOURNE, December 1. (Received December 1, at 10.55 a.m.) Wheat, 2s Sd. Flour, £7 10s. Bran, £4 10s. Pollard, £5. Oats, 2s 4d. Barley: English, 3s. Maize, 4s to 4s 3d. Onions: Spanish, easier. £1; gloves and silverskins, £3 os to £3 10s. THE DOLLAR Press Association—By Telegraph—Copyright LONDON, November 30. (Received December 1 ? at 10 a.m.) The dollar is quoted at 18i. TONGAN BANANAS A change in the method of marketing Tongan bananas is indicated by the calling for public lenders for this season’s crop. Last year the output was materially restricted by the hurricane which swept the island of Vavau on March 13. Until a year ago the banana growing industry in Tonga was handicapped by difficulties of shipping, as fruit steamers from Samoa were not allowed to work at Nukualofa owing to the danger of introducing the rhinoceros beetle into Tonga. Early last year direct steamers were put on, bringing on an average 3,000 cases per trip. Later, under the banana restrictions, the combined Fijian and_ Tongan shipments were limited to 25,000 cases for each tour-week period. Last year’s crop of Samoan bananas was sold by public tender in New Zealand, that of a Christchurch firm being accepted. An Auckland firm has been successful with its tender for the 1934 output.. The present tender embraces the whole of the Tongan output for the 1934 period, and the quantities are subject to adjustment if quotas are altered. BRITAIN’S LURE HOTELKEEPERS AND DRESS PUBLICITY Britain is becoming the centre of the world’s tourist traffic. This statement was made by Mr Clifford Whitley, of the Gordon Hotels, at the annual conference at Brighton recently, of the Hotels and Restaurants’ Association of Great Britain. Mr Whitley said;— ‘‘The most effective method of publicity I know is through the columns of the newspapers, and many of us would like to spend more than we already do on advertising. More and more intelligent people are realising that hotel trading—and with it the encouragement of tourism—is a matter which must be taken into consideration .when the Chancellor of the Exchequei comes to analyse his imports and exports This country has more to ottei the tourist than any other country in Europe.,” JLaWIr

THE SEARCH FOR GOLD JONES NEVIS SLUICING Messrs W. A. Milson and Co. advised the Dunedin Stock Exchange this morning that at a meeting of directors of Jones Nevis Sluicing Co. Ltd., which was held yesterday evening, 250,550 shares in the ’company had been duly allotted, in addition thereto, reservations totalling 45,000 shares had been noted pending receipt of completed application forms. BENDIGO DEVELOPMENTS Mr C. S. D. Aitchison, secretary ol the Otago Gold Prospecting Co. Ltd., which holds options over Logan and Partys Rise and Shine claim and other areas at Bendigo, advises the rcceifrtl of information that the Rise and Shine reef has been cut at the SOft level and rich prospects similar to those already obtained at the 25ft level are showing. Present indications are favourable to the reel living down to considerable depth. Development work lias been carried out for some months on this reef, and it is now probable that additional capital will bo brought in to complete development and prolific the necessary plant to work the field on a large scale. NEVIS DIESEL REPORT The chairman of directors of the Nevis Diesel Electrical Dredging Company Ltd. (Mr D. S. Mackenzie) visited the claim on November 25 and 26, and reports that the work is getting on well. The Diesel engines have been delivered and a start made fitting up. The electrical equipment will arrive at the claim this week, and a start will be made immediately to erect. The new top tumbler ordered from Hadfields was delayed six weeks in shipping, and will not arrive at Port Chalmers until December 18 on the Cambridge. Work will be carried on through the holidays, and the dredge will be ready to start about January 21. No effort is being spared in making the dredge a good one, and when it starts it will be in splendid order. Defects in dosig i are being rectified, and the reconstructional work is of a very solid character. Satisfactory arrangements for the transport of oil fuel in bulk have been made. The Railways Department is providing a tanker, and the company is providing a storage tank of 4.000 gallons at Cromwell and one of 20,000 gallons at flic claim. The Diesels arc for, subsidiary power or stand by. as the water rights of the company will provide the bulk of the power. BENDIGO GGLDUGHT DREDGING In their report to be submitted at the statutory meeting of members of the Bendigo Goldlight Dredging Company Ltd. on December 12 the directors state that the total number of shares allotted is 500,000. Of these 388,000 shares have been alloted for a casli consideration, and flic" balance (112,000) have been allotted in consideration of the mining privileges, water rights, and dredge purchased by the company. The total amount of casli received by the company to November 17 in respect of the 388,000 shares allotted for a cash consideration is £9.491 17s 6d, In the capital account casli payments to the vendors of the'dredge arc shown as £2.250. and to the Bendigo Mining Syndicate as £3.000. while a bank balance of £2,367 7s 8d remains after the payment of other preliminary expenses, including the dismantling of the dredge (£384 6s 2d), ft is estimated tjiafc the preliminary expenses unpaid will not exceed £l5O. PRICE m GOLD Press Association—By Telegraph—Copyright; LONDON, November 30. (Received December 1, at 10 a.m.) Gold is quoted at £6 5s lid per oz. FREEZING INDUSTRY INCREASED PRODUCTION In a return issued by the New Zealand Moat Producers’ Board regarding the shipments of frozen meat from the dominion to the United Kingdom during the period from October 1 to November 15, it is shown that there was a substantial reduction compared with (lie same period last year so far as beef and mutton were concerned, though lamb and pork increased in quantity. The figures are given below:--1933. 1932. Beef quarters ... 3,623 27,404 Mutton carcasses ... 59,41.1 161.157 Lamb carcasses ... 221,405 151.610 Pork carcasses ... -16,105 15.258 Boneless beef (bags) 21.72/ 19.950 A return giving the killing- for export af New Zealand freezing works during the same period shows that, compared with last year, there was an increase in the number of beef quarter--from-220 ,to 1,161, in wether mutton from 9,353 carcasses to 13.577. ewe mutton from 1,972 to 3.968. lamb.from 69,724 to 335.686, pork from 16.818 to 48,821, and in boneless beef and sundries from 38,021 freight carcasses to 77,354. JAPANESE MILK TRADE IN THE EAST Commenting on the sale of dairy products in the Far East, Air C. Sergei, of Hamilton, who has recently returned from Alalaya, said that the Japanese had flooded the market with condensed milk, states the ‘ Herald’s ’ local correspondent. New Zealand dairy produce was in good demand, said Mr Sergei, especially among tire large number of New Zealand residents in Alalaya. Unfortunately there were no regular shipments, Australian products, had a greater advantage because they were established on the market and were hacked by regular supplies. Butter, meat, and even fruit were exported from Australia. If New Zealand could land apples in Singapore and similar places at a reasonable price there would he a good demand from the unlives. The chief inquiry for milk was for evaporated lines, and if New Zealand could land these ns cheaply as her competitors she would get a good hold on the market. The only way. to sell New Zealand goods was to have a direct shipping service,. Mr. Sergei said,

aiid-\vi;i:k salks bulletin. We. offer for Sale (lie imder-incnlionerl Slock-:- - minim;.

The above Stocks are subject to tbe usual brokerage rates. IT you want to buy or sell to the best advantage consult THE SECURITIES CORPORATION (N.Z.) LIMITED, Investment Consultants, Alliance Assurance Bldg., (iround Floor, 20 O'raw lord street, DUNEDIN. Telegrams, “ Toscol.” Phono 11-777-two lines.

OKARITO REPORT SATISFACTORY HALF-YEAR The Okarito directors’ report for the half-year ended .September 80, states: — The directors’ report and .statement of accounts for the hall-year ended April 1, 19153. was issued to .shareholders at the cud of May. It will be recollected that, just prior to the end of that half-yearly period the dredge had reached the point on ,the claim where dredging commenced and had continued a short distance south of that point on the lagoon side of the claim. At that time the weekly returns wore steadily improving, and tin-1-lloz obtained during the last week of the period was the best for the whole six months. It was evident that the dredge was approaching richer ground, and as the site of the old Okarito township was approached, it was expected that some handsome returns would lie obtained. These expectations wore fulfilled, and during the week ended May 20, the dredge obtained its Ugliest return so far, 2240 z 4dwts.' Since then the weekly returns have fallen off consistently until during the last week of the period (the week ended September 30) the return was 41oz S.dwts—the lowest for the half-year. The average for the twentysix weeks comprised in the period is just under lOOoz, and if allpwanee is made for the week during which the dredge, was nor, in operation, the average weekly return exceeds ]oooz. Those results must ho considered extremely satisfactory, as they have enabled the company within the half-year to pay a total of £10,500 in dividends, equivalent to Is Cd.per 5s share. The dredge functioned satisfactorily during the early part of the half-year, as the ground contained a large proportion of sand, and for a time the trouble which had formerly been experienced with stones was eliminated. Towards the end of the period, however, there wore indications of the ground becoming heavier, and the directors have at the present time under consideration certain alterations to the dredge which will enable it to cope satisfactorily with this heavier ground, which may be expected throughout most of the" area at the southern end of the claim. In July the dredge was stopped for a week for general overhaul, this being the only occasion during the six months when the dredge was not operating. The necessity of extending the main pipe line was considered some months ago, ami it was decided to obtain sufficient pipes to enable the dredge to reach the southern'end of the claim, and in order to economise the supply of new pipes required to deviate a section of the existing pipe line. A contract was let for lids work, and the contractor is making substantial progress. The cost of running the dredge during the six months has increased considerably compared with the figure for the previous six months. This is duo largely to two items—wages and repairs and maintenance. The apparent increased wages bill is due to the fast that the Christmas holidays entered into the previous half-year, and the lime during which the dredge operated was thus considerably less. Repairs and maintenance are higher on account cl the expenditure on replacements, some of winch are perhaps not properly chargeable to the current period, as the new materials have not Vet been put into use. The balance of profit f£13.5311 for flic ball-year must be considered highly satisfactory. Against (Ids lias been charged the expenditure io dale on the pipe line deviation and extension. The balance of £11.7-13 has been transferred to profit aiid loss appropriation account. On June 10 a 10 per cent, dividend was paid, absorbing £3.sooand on September 1G a 20 per cent, dividend wa* paid, absorbing £7,000. Provision bad already been made for the income tax payable by the company in February, 1931. hut the profit and loss appropriation account for the half-year has been debited with £1,244. being a provision for the income tax payable in February. 1935. which will bo based on the two dividends paid during the half-year. If the company pays another dividend before March 31, 1934, the provision for income tax payable in February, 1935, will have to be substantially increased. After payment of the two dividends and after providing for income tax as above, a balance of £1,354 3s lOd remains to flic credit of profit and loss appropriation account. Tbe directors recommend that this bo applied in writing off preliminary expenses, £I.OOO, and that the balance, £354 3s lOd, bo carried forward.

Arrangements have now been made with llio company’s hankers for the proceeds of gold to he available immediately after the shipment of the gold from Wellington. Shareholders will recollect that the paymo'nt of dividends was frequently delaved pending Ihe receipt of the proceeds of gold exported. Tinier the present arrangement this delay should be obviated.

THE STOCK EXCHANGE

SALES THIS WEEK SALES ON 'CHANGE. Meat Preserving.- New Zealand Refrigerating (coni;.), 9s lid, 9s ICd. Mi.-cellaneous.--Smith and Smith (prel.t, 18s 6cl. . Mining.—Okarilo, 10s 3d; Wailaliu. 6s Id; Nevis Diesel, 10id; Nokomah 3s (7). SALES REPORTED. Banking.-New Zealand. 47> 4(1, 47s 9d : New South Wales, £35 7s 6d (2); New Zealand (Long ' D 32s 9d: Union, £9 15s (3), Insurance. —National. 18s 10c!: Standard. £3 Is. Loan and Agency,--New Zealand Loan and Mercantile (ord.l, £6l ss. Meat Preserving.--Southland ITozen Meat (coat.), 31s 6d; New Zealand Konigcialing tcont.i, 9s 6]-d. 9s 7d, 9s 61.(1; Gear Meat. 32s Bd. Miscellaneous.--New Zealand Drug, 72- 6*l; Colonial Sugar, £6O 12» 6d; Milburn Cement, 33-. Breweries.—Now Zealand, 37«, 57s 4pl. Mining.—Waitahu. 6s 2d, 6s: Big River, Is ]£d; Waihi, 26s 8d ; King Solomon, os 4d: Bell-Kilgour. Is 2d; Gillespie's Beach, Is lljd. Government. Loans.-1949 Stock, £IOO 17s 6d; 1938-32 Stock. £IOO 10s; 1940 Bonds. £102; 1855 Stock, £lO2. THIS MORNING'S BUSINESS. Sales Reported.—Union Bank, £9 15s (2, late) : Southland Frozen Meat (cont.), 525; New Zealand Breweries, 37s 3d; Nevis Diesel, lid. COMPARATIVE FIGURES

CUSTOMS REVENUE INCREASE FOR NOVEMBER SALES TAX ALSO HIGHER. An increase of about £3,000 in the .sales tax collected in November, as i . ipurCcl with the October collection, i;; i cates an improvement in the wholesale and retail business in Dunedin. The amount - -represents the purchase from warehouses and manufacturers of an addiional £60,000 worth of goods. The busier month in shipping is reflected in the increased Customs returns and the reduction in beer duty is due to the fact that only four collections, as against five in November, 1932. were made. The revenue collected at * Dunedin \ias as follows (shillings and pence omitted);— 1332. 1333 Customs dutv £43,323 £53,382 Deer duty ... 24,969 19,199 Sales tax 16,462 13,453 (lait month) Petrol tax 33,242 12.885 Tyre tax 472 478 CHRISTCHURCH The Customs returns for November in Christchurch show increases in the larger totals as compared with November, 3932. The following are the figures for November: —

WELLINGTON A further substantial increase is shown in the net Customs revenue collected at the port of Wellington for November. With the exception of the total for October it is the largest figure since January. 193‘_>, while it is the first time for a long period that the revenue lor two consecutive inonths_ has exceeded that for the corresponding months of the ’ previous year. The revenue from sales tax which in October reached a record figure constitutes a fresh record, while the petrol tax is well above that of November, 1932. The following are returns with those Jor November, 1932: November, November, 1933. 1932. Customs ... £186,245 £178,928 Petrol duty 64,410 51.976 TyrC tax ... 1,312 '-’.oj'i Beer excuse 4,621 i,976 The sales tax was £55,078 compared with £53,953 for October. AUCKLAND A further improvement on the high figures bf October is shown in the Customs ’duties collected at Auckland last month, the total being £213,509. This is slightly more than the October return 0t"£211,373, which was the greatest amount collected in one month since August, 1930. when the total was £228,710. In November, 1932, the Customs collections totalled only £168,970. For the ton months of the present year, a total of £2,030,247 was collected in Customs duties, compared with £1,796,101 in the same period of 1932, an increase of £235,146. The sales tax collected last month amounted to £50,731, the total since the imposition of the tax being_ £368,228. Motor spirit and tyre duties_ yielded £45,788, compared with £43,437 in November, 1932. The total for the eleven months is £3,449.646, against £4,33i,164 in the corresponding period last year. The excise collected on beer for November amounted to_ £13,438, compared with £13,659 for November ,_l9u2. For the eleven months £116,997 was collected as against £112,217 to the end of November last year.

NEW GUINEA GOLD SHARES Press Association—By Telegraph-Copyright. LONDON. November <3O. New Guinea gold shares are quoted at os. r. AND D. SHARES Press Association—By Telegraph—-Copyright LONDON, November 30. (Received December I, at II a.m.) P. and 0. shares arc quoted at 17s aid. MOUNT LYELL Press Association—By Telegraph—Copyright IjONDON, November 30. (Received December 1, at 1 p.m.) Mount Lvell shares are quoted at 17s 6d. “ BUTTER AND CHEESE Press Association —By Telegraph—Copyright LONDON, November 30. (Received December 1, at 10.30 a.m.) Butter steady at a lower level. Danish, 112 s. Choice salted New Zealand, 72s to 735; Australian, 71s to 725. Unsalted is very scarce. Australian, 94s to 965; New Zealand, none offering. Cheese is dull. New Zealand white, 495; coloured, 475; Australian, 47s 6d and 45s 6d. BEET SUGAR Press Association —By Telegraph—Copyright. LONDON, November 30. (Received December 1, at 11 a.m.) Beet sugar: December, 4s 6|d. N.Z. LOAN AND MERCANTILE PreSs Association—By Telegraph—Copyright. LONDON, November 30. (Received December 1, at 11.5 a.m.) The New Zealand Loan and Mercantile Company, after the transfer of £50,000 from reserve, has a profit balance of £76,573. Brought forward, £18,551. Interest on debentures absorbs £68,000 and brought forward £27,125. EXPORT FRUIT SUBSIDY Showing the benefits of the Control Board’s methods, Mr R. Paynter outlined the following facts on on the Government guarantee by the Control Board and the Otago Fruit Growers' Council at the fruit growers’ meeting recently held at Hastings. In 1931 the claims on the Government guarantee were as follows: — Control Board: £17,349, equal to 3.286 d per case. Otago district: £1,832. equal to 5.297 d per ease. The 1933 claims were:—Control Board; £10,383. equal to 1.655 d petcase; Otago district, £1,019, equal to 5.27 cl per case. After deducting the amount raised by a levy of ltd per case, the claims were:—Control Board; £992, equal to 0.158 d per case; Otago district, £843, equal to 7.00 d per case. ABUNDANCE DF FEED 'There is an abundance of feed throughout practically the whole of South Canterbury at the present time, the recent rains having proved most beneficial (states the ‘ Timaru Herald ’). Wheat and other crops are looking particularly well, and provided a spell of warm weather is now experienced a good harvest should result.

THE WOOL MARKET LONDON WOOL SALES BRISK COMPETITION Press Association—By Telegraph—Copyright* LONDON, November 30. (Received December 1, at 12.40 p.m.) At the wool sales 10 013 hales were offered, including 4,941 from New Zealand, There was brisk home and Continental competition. All finer growths realised full rates, hut there were frequent withdrawals of inferior sorts. New Zealand scoured merinos—“ Otipua,” top 30ld, average halfbred lamb slipe, 22d and 17d. Messrs Murray. Roberts, and Co. Ltd. have received the following wool market cablegram from their London agents, dated November 30:—Sales continue with a good tone. Less Continental competition. Greasy merino, wool suitable for the Continent, market irregular, declined ■ 5 per cent. Scoured merino and cross-bred scoured, market shows a hardening tendency.” RECORD FRIGES AT GEELONG Press Association—By Telegraph—Copyright. MELBOURNE, December. 1. (Received December 1, at 11 a.m.) At the Geelong wool sales the Australian merino wool record price of 33id was equalled, while lambs’ wood sold to 27d—an Australian record for the season. THE BRISBANE SALES BRISBANE, December 1. (Received December 1, at 11 a.m.) The wool sales closed with prices firm. Scoured sold to 35d and greasy to 24k1. DAIRY PRDDUCE Messrs Dalgety and Co. Ltd. advise having received the following cable from their head office, London, elated 30th ult. Messrs Samuel Page and Son report as. follows:—The butter market is quiet at the advance; tho cheese market is firm. Quotations are: Danish butter. Il2s to 116 s : New Zealand finest butter, 71s to 745; Australian' finest- unsalted butter, 94s to 98s; Australian finest salted butter, 70s to 735; Australian G.A.Q., 68s to 70s. Australian cheese, whitc._ not quoted ; coloured, not quoted: New Zealand cheese, white, 48s to 50s; coloured, 47s to 48s; Canadian cheese, white, 48s to 525; coloured. 4Ss to 525; Canadian C.1.F., not quoted. CHECKING IMPORTS TARIFF DOUBTS [Pan United Press Association.] AUCKLAND, November 30. On the ground that the anticipated revision of tho tariff is checking tho flow of imports, the Chamber of Commerce has again asked the Minister of Customs (Mr .1. G. Coates) when the report of the Tariff Commission will ho considered and given effect by Parliament. In a letter the chamber says that any curtailment of imports is likely to increase the Government’s problem. With regard to the funds accumulating in London, it would bo helpful if an early announcement could be made of the probable date of tho Tariff Commission’s report.

£ s. d. 200 Wailuiiib 0 5 10 500 CillcspicC Beach 0 2 0 200 Boll-Hooper,-, fully paid ... 0 1 3 150 Au-tra-mas 0 1 6 500 Oxenbvidge Sbotover Cold 0 0 9 500 Clonroys 0 0 7 cf.xfral. 250 Dominion Fertilisers 0 17 3 200 Southland Frozen MeaU (eontrib.l 1 12 6 100 N.Z, Drug Co 3 14 0 200 Smith Wylies 0 12 6 DEBENTURES. £500 Wainiakaviri River Hoard (due 1/10/65) 102 0 0 £400 West Harbour Boros, (due 1/2/3S) 102 0 0 £100 Auckland Citv Council (due 1/7/40) 101 15 0 £200 Lyttelton Harbour Board (due 1/1/43) 101 0 0 £200 Wellington City Corporation (due 1/5/40) 100 12 6

'This Morning. Last Week. Approx. Price Buyers. Sellers. Bujc ;rs. Seller •5 12 Months Ago. J E s. d. £ s. d. £ s. d. £ s. d. £ s, , Cl. BANKING — Bank of Australasia — - - - 9 15 Us Bank of New South Wales Bank of Now Zealand 2 7 9c 33 2 6 - 2 7 9c 28 10 2 5 0 0 Bank of Now Zealand (Long," D ”) Commercial Bank 1 0 13 0c 17 0 1 0 11 6c 1.6 10 0 16 11 1 9 0 14 6 7 Commercial Bank 7 6 0 (pref.) -* — — Commercial Bank of 15 0 4 12 0 6 Sydney ... R.S. and A. Bank ... —- — 5 12 0 5 14 6 National Bank of Zealand : 4 2 0 4 4 0 — 4 5 0 4 0 0 National Bank of 11 12 Cc Australasia — — — National Bank of Australasia (coni.) „ — - 5 11 6o Union Bank of Australia 7 15 0 Ltd 9 14 0 9 IT 6 INSURANCE— National Insur, C». -w0 18 6 — 0 14 6c N.Z. Insurance Co. — — 2 14 G — 2 3 9 South British Insurance! Co Standard In>ur. Co. 3 3 U 0 0 6 3 2 6 3 3 13 • 0 6 0 3 0 9 2 17 2 10 2 9 0 5 Oe 0 g Queensland Insurance — — 0 A.P.A. insurance ** SHIPPING — 0 11 Os Howard Smith — — — — Huddart, Parker (drd.) 1 11 0 1 11 0 — 1 8 0 Huddart, Parker 0 (pref.) 1 4 0 — 1 4 — P. and C. Deferred 1 2 1 0 o Stock U.S.S. Co. (pref.) ... 1 4 6 1 5 6 1 4 0 - 6 COAL— Grey Valley Kaitanfrata Coa’. - 1 2 3 — 0 1 2 6 0 14 0 16 1 4 0 12 0 1 0 12 0s 0 6e g Pukcmiro Collieries ... — — u ta Taupiri Coal (ord.l ... — g Taupiri Coal (pref.) Westport Coal Co. ... 0 13 6 — 0 13 10 0 14 6 9 Westport-Stockton 0 0 7 (ord.l -*• Wcstpovt-Sloekton 0 2 3s (pref.) — LOAN AND AGENCY— 8 13 1 3 0 9 Dalgfty and Co. 10 6 — — Goldsbvoimh. Molt ... National Mortgage ... 1 .... I 19 0 5 0 0 3 6 0 2 IS 0 National Mortgage 10 1 0 1 0 0 C‘B” issue) 1 3 — 9 N.Z. Loan and Mercan 61 5 0 48 0 Cb tile (ord.) — — N Z. Guarantee 0 5 2 18 4-R Corporation — — — 0s Perpetual Trustees ... — — Trustees Executors, 2 18 0s and Agency — — — Wright, Stephenson (ord.) 0 16 6 - 0 16 0 0 11 01 Wright. Stephenson 0 15 o (pref.) 1) lb 6 MEAT PRESERVINGCanterbury Meat Co. (ord.,) ... — — — 5 12 6s Canterbury Meat Co. 4 10 0s 0s (pref.) — — * 1 13 Gear Meat Co — — '— N.Z. Refrigerating (paid) ..; N.Z. Refrigerating (cont.) 0 19 6 — — 0 10 8 0 10 4s 0 9 8 0 9 11 — 0 9 8 0 2 5 Southland Frozen Meat (paid) 3 1 0 2 19 6 3 1 0 2 0 6 Southland Frozen Meat 12 0 0 (cont.) 1 11 6 1 6 1 10 — i U Southland Frozen Meat 0 0 2 0 4 0 g (pref.) ... South Otago Freezing 3 5 1 3 - 5 0 0 - 0b MISCELLANEOUS— Australian Glass — — — — 2 0 1 11 0c OcBritish ... — — Bioken Mill Proprietary Brown, Ewing (ord.l Brown; Ewing (pref.) 0 1G 0 2 0 0 0 13 0 2 1 0 0 0 6 1 0 0 13 0c 6s Bind- Woollen Co (ord.) ... — 0 10 6e — Bruce Woollen Co. (pref.) Colonial Sugar Co, ... 0 19 0c — 49 10 0 0 Crystal lee Co. 1 10 6 — 1 10 0 — 1 7 D.'l.C. (ord.) 0 14 6 — 0 14 6 — 0 8 1 0 6 D.I.C. (pref.) 1 2 3 — 1 2 0 — 0c Dominion Fertiliser ... Dominion Fertiliser ,0 16 6 — 0 16 0 — 0 0 101 0 0 Debentures 101 — 0 — Dominion Rubber ... 0 16 9 — — 19 0 0 8 6 Donnghy’s Rope and Twine 2 6 0 — 2 7 0 1 11 fc Dnnedin-Kaikorai Trams ... — _ — 1 14 0 Dunedin Stock ' Ex1 14 r change Proprietary — ■ — — — U Duiilon Perdriau - Rubber — — — — 0 lo t.e Electrolytic Zinc (pref.) ; ... ... ..4 — — 1 14 9 1 4 6c Electrolytic. Zinc (def. ord.) — — — 1 7 0 0 15 3b Kaiapoi Woollen (ord.) — — — — 0 5 Oh Milhurn Lime and 1 10 _ Cement 1 10 6 — 3 n 0 1. 7 6 Mo-gicl Woollen Co. M'Leod Bros 8 12 27 n 0 n :: r in 26 0 ... 9 5 22 0 1 0 0 Ob Mount I.yell 1 2 ]<■ 6 National Elect nc 0 6 3 0 6 4 0 9 0 N.Z. Drug ''o 3 12 6 -- .3 11 6 3 -U 0 3 0 0 N'.Z. Farmers’ Fer0 16 tiliser 0 16 9 — n 16 6 — 6 N.Z. Malay Rubber (ord.) n 3 0 — — N.Z. Ncwspaoers ... i 7 9 1 1 7 9 N.Z, Paper Mills ... i 7 9c — 7 9c — 1 19 0 14 ; Otago Daily Times ’ Regent Theatre 2 6 0 - v. . r -> 0 19 fi 3 — 5 6 Smith and Smith 0 18 (pref.) __ — — 3 Victoria Nvaiua Sugar — - — - 0 15 0s Wellington Woollen 5 9 Cb (ord.) ... — — — Wellington Woollen (pref.) ••• Wbittombe and Tombs - - - 5 10 2 15 01i 0c Wilson’s (N.Z.) i n 6* Cement — 1 0 1 7 0e Woolwortli-. (pref. 1 ... - BREWERtESN.Z. Breweries 1 . 17 0c 1 17 7c 1 16 9 1 17 9 1 6 1 5 1 1 9 g Staples' Brewery — G Dunedin Brewery ... Timnni Brewery n 5 9 — 0 6 0 0 10 i n 1 12 S« g Tooth’s Brewery — ..... 0 Carlton Brewery — GAS1, 1, 1 11 3 o Auckland - *— Wellington .... i IS 0 X 4 9 Christchurch

1933. 1932. Customs ... £66,453 £57,664 Beer duty ... 6,163 8,558 Motor spirit tax 18,904 17,142 Tyre duty .. . ... 406 1,036 Sales tax ... . ... 21,502 — The receipts for the eleven months of the calendar year year are as follows 1933. 1932. Customs .. £702,346 £661,964 Beer duty ... 72,911. 74,291 .Motor spirit tax 186,421 177,569 Tyre duty ... 7,123 8,231 Sales tax ... 168,040 — Followinc are the receipts for the eight months of the financial year:— 1933. 1932 ( ustoms ... £492,925 £477,929 Beer duty ... 55.436 55,039 Motor spirit tax 129,634 124.946 Tyre duty 5,300 5,753 Sales tax ... 161,593 —

TM* Mftnninr. Last Week. Approx. Pries Buvers. £ *. d. Sellers. £ I. A. Buyevs. £ «. d. Sellers £ s. d. 12 Months Ago. £ «. d. OIL — 0 2 3 Taranaki Oil n 3 3 0 3 3 0 4 3 M.oturoa (on 1.1 — .Moturoa (p'.'cf.) — 0 5 0 MININGWaihi 1 6 9 — 1 5 9 — U 10 6 Waihi Grand Junction ... Mallakipawa Kildare Okkrilo 0 0 0 4 0 1 2 1 3 0 2 0 0 10 1 0 4 0 0 0 1 0 9 11 0 o 2 5 0 0 0 0 0 0 0 1 9 5 4 "si 1 4i Paddy’s Point — u ao 1 H New Cornish Point ... 1 — 0 0 o 1 6‘ Golden Progress King Solomon ' 0 3 Oe 1 6 3 2ft 0 3 0 3 4jt 0 0 2 0 1 3 Golden Point ■ 0 0 2$ 0 o; 4 0 5 4-i Golden Dawn 1 34 6 1 3 Os Blackwster — 0 0 17 9 2 0 Alexander ' Gillespie’s Beach 0 1 10i0 2 0 0 2 0 • Gillespie's Beach 0 0 101 0 1 01 — (rights) Waitahu — 0 6 1 0 6 i* 0 6 3 0 par 1 b 8s Golden Sands Big River Mount David Nokoinai Fr.oshfovd ■ 0 ■ 0 0 1 0 2 11 0 11 0 0 0 0 1 2 2 n 3 2 0 3 o o ill 0 3 0 0 0 21 0 0 0 1 5 0 10 3 3 0 0 0 1 6 1 Ps 4 Lawson’s Flat 0 0 0 0 0 7 1 0 1 01 0 1 1 Central Shotover — 0 1 4 Bell-Kilgour U .1 cj. n n 11! n n in 0 1 0 Bell-Hooper 0 0 it r\ n 0 0 9 — Oxonbridgc ... 0 0 4 0 0 6 Bendigo Goldlight ... Nevis Diesel Wctherstones 0 0 101 V 'I 0 0 131 0 4 0 n 0 0 4 n 2 - V 7, GOVERNMENT LOANS(Bond* Quoted are £100 Bonds.) 31 p.r. Stock, 19381943 • ••■ 31 p.c. Stock, 1939* 1943 100 10 100 10 0 0 - » 100 10 0 101 0 0 3t P.c. Stock, 19411943 ••• 100 10 0 — 100 10 0 - - 31 p.c. Stock, 19330 ‘1952 ■••••• 31 p.c. Stock, 1939100 5 ‘1952 100 5 0 — 3, . p c. Stock, 1941‘3952 ••• iqo 5 0 — - — — 4 p.c*. B.'iidSs Jflii. lb 1940 ,•••••■ 101 17 6 — 101 10 0 102 5 0 — 4 p.c. Slock. Jan. lb, 1940 101 17 6 — 101 10 0 — — 4. n c. Bonds, Feb lo. 1946 •••••• — 102 0 0 101 10 0 — — 4 p.r. Slock, Feb. 15, 101 0 0 — 1945 4 p.c. Bonds, April 15 1949 ■■■ 100 15 0 — 4 p.c. Stock, April 15 1949 100 15, 0 — 1 n.r. Bonds, Juno 15. 1955 101 15 0 — - 102 0 0 — 4 n c: Siock, June 15 1955 ■ 101 15 0 £ shares: 103. 10 0 ' b, buyer; s, seller; c cum div. e, ex div ; p, premium; d, discount.