Commerce, Mining, & Finance

Evening Star, Issue 21634, 1 February 1934, Page 7

Commerce, Mining, & Finance

THE SHARE MARKET DUNEDIN STOCK EXCHANGE A repotted .sale of British Tobaccos was the only business recorded this morning, firm conditions, however, prevailing generally. ■ , ~ Hank of New Zealands improved to buyers at 495, with no apparent sellers. National Bank' of Australasia contributings had a buyer at -£6 10s, but no seller. Thera were buyers of New Zealand and Standard Insurances this morning, but the only seller on the market was o* Nationals, at’.- 19s. Shipping shares showed a further hardening’tendency, while buyers of Westpqrts improved their bid to 14s 7d,. without having any effect- oh sellers. Dalgetys had a seller this morning, but buyers remained firm at yesterday’s quote. .New Zealand Breweries gained strength, while Staples also advanced. Very few changes were noticeable in the gold mining' section, the market being very quiet.; Sale Reported.—British Tobacco, £1 16s lid: • ' • ■ Quotations as under:—

DIVIDENDS DUE N.Z. Insurance ; share . ... Feb. 14 Wellington.,Trust, Loan, and In- . vestment Co.—Final, 3 per cent., making 5i per cent, per annum ' Feb. 2 N.Z. Refrigerating Co. —4 p.c. and bonus 1 p.c Feb. 3 Wellington Gas—Annual, 8 per •cent, per annum Feb. 6 Auckland Gas—lnterim, 2J p.c. Feb. 6 Commercial Bank of Australia— Interim; preference at rate of 4 p.c. per annum; ordinary at rate of 5 p.c. per annum in Australian currency Feb. 7 Queensland National Bank —Interim, at the rate of 4 per cent, per annum, free of State . and Federal income tax ... Feb. 14 National Mortgage—s p.c. per annum .!.• Mar. 1 Christchurch Gas—Final, 3 p.c. (7 l-stl) • Feb. - Electrolytic Zinc (pref.)—B p.c. per annum ... ... m Mar.

AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright SYDNEY, January 31. The Stock Exchange business was much heavier than has been the case during the past few days. Government loans made headway, but the industrial market was irregular and weaker generally. The mining share market was also inclined to ease. The following were the later sales: — Bank of New South Wales, £33 10s; Commercial Bank of Sydney, £l7 15s; Colonial Sugar, £64 15s; Australian Provincial Assurance, 11s 4d; Mercantile Mutual Assurance, 235; Associated News, 21s IJd (pref., 22s IJd) ; Howard Smith, 15s 6d; Burns, Philp, 54s 6d; Australian Gas (A), £7 19s 6d (B shares, £8); British Tobacco, 37s 3d; British Tobacco (pref., ex div.), 28s 9d; Tooth’s, 45s 3d; Toohey’s, 27s 10id; Carlton Brewery, 45s 6d; Bcrlei, 29s 6d; General Industries, 10s lid; Henry Jones, 33s 6d; Morris, Hedstrom, IBs 3d; David Jones, 38s; Lustre Hosiery, 22s lOld; Dunlop Perdriau, 21s IJd; Wilcox, Mofflin, 13s 6d; Anthony Hordern, los 10-Jd (pref., 255) ; Broken Hill Proprietary, 445; South Broken Hill, 71s 6d; Kuala, Kampar, -14 s 3d; Mount Morgan, 69s 3d; Mount Lyell, 25s 9d; Taranaki Oil, 2s. Commonwealth Bonds (4 per cents.), 1938, £105; 1941, £lO5 15s; 1944, £lO6 15s; 1947, £lO7 7s 6d; 1950, £lO7 12s 6d; 1953, £lO6 12s 6d.; 1957.. £IOB 7s 6d; 1959, £lO7 10s; 1961, £lO7 12s 6d. MELBOURNE, January 31. Commercial Bank of Australia, 18s 6d; National Bank (£5 paid), £6 16s; National Bank (£lO paid), £l3 12s; Goldsbrough, Mort, 34s 10id; Dunlop Perdriau, 21s Id; Electrolytic Zinc, 26s 6d; Taranaki Oil, Is lid. CUSTOMS RETURNS DUNEDIN The following are the Customs returns in Dunedin for the month of January, with a comparison with the returns for January of last year:— 1934. 1933. £ £ Customs ... 61,994 57,098 Beer 27,086 23,419 Petrol tax ... 15,523 16,629 Tyre tax ... 778 740 Sales tax ... 23,982 The sales tax for December of last year was £19,603. This tax did not come into force until February of 1933. CHRISTCHURCH The revenue ccilccted during January by the Customs Department showed marked increases as compared with January of last year. Following are the details:— Jan., 193-1 Jam. 1933. Customs £81.873 £70,131 Beer duty 7,133 6,815 Petrol tax ... ... 23,471 18.896 Tyre duty ... ... 885 794 Sales tax ... ... 26.670 ' WELLINGTON * ' The Customs revenue collected at the port of Wellington continues to show an increase over the corresponding month of the previous year, January being the fourth consecutive month in -which this increase has been shown. The total collected during the month was also by far the largest for the past two years. The following are the details, those for January, 1933, being given in parentheses :—Customs revenue, £194,707 (£182,059), increase £14,648; motor spirit duty, £72,583 (£59,007), , increase £13,576; tyre tax, £1,827 (£1,618), increase £209; beer excise, £5,213 (£5,714), decrease £501; sales tax, £57,097. INCREASES AT AUCKLAND An increase of £62,260 is shown in the Customs duties collected at Auckland in January, compared with January of 1933. The receipts were £234,935, against £171,675 in the first month of last year. A substantial increase is shown also when the Customs receipts for the first ton months of the financial year are compared. In the current financial year to date £1,956,683 has been collected, which is £316,851 greater than the amount of £1,639,832 collected in the corresponding period of 1932-33. An increase of £7,783 is shown in the combined receipts of petrol duty and tyre tax, the total for the last month being £53,205, compared with £45,422 in January, 1933. Sales tax last month amounted to £52,280. The total since the inception of the tax in March, 1933, is £461,622.

MEW ZEALAND REFRIGERATING COMPANY i'PER .United Press Association.] CHRISTCHURCH, January 31. The annual meeting of shareholders of the New Zealand Refrigerating Company was held ,to-day. The chairman of directors, Mr W. H. E. Flint, referring to the dividend, said he knew .some of the shareholders would be disappointed that the directors had not recommended a larger distribution, but in deciding upon a dividend of 4 per cent., with a special bonus of 1 per cent., the directors had followed the only course they believed consistent with a reasonably prudent policy. The conditions in the industry had improved, but they could not predict for how long this betterment would continue. The freezing companies in Canterbury also had to contend with many difficulties, not the least of which was the increasingly severe competition from overseas interests whose financial resources were infinitely greater than those of locally-owned companies. The retiring directors, Messrs W. H. E. Flint and J. R. Cuningham, were re-elected. KAMPONG KAMUNTING TIN Kampong Kamunting Tin dredge reports that the dredge at Karangan remained idle throughout the year, but revenue from transfer of quotas has been practically sufficient to meet all expenditure. It is expected that similar conditions will prevail in 1934 unless a greater release of quota allows operations to be resumed. The -sale of the dredge at Kamunting was completed. Efforts to obtain an assessment for the remainder of the Kamunting property, to be worked by gravel pumping, have been unsuccessful.

STOCK AND SHAREBROKERS. WHAT TO CONSIDER When buying securities to-day is the problem which confronts every investor. What to sell is also an important matter. You may secure expert advice from us without cost regarding the buying or selling of . stocks and shares. The securities corporation. Alliance Bldg., 20 Crawford street, Dunedin; telephone 11,777 (two lines). We have only one address in Dunedin.

METAL MARKET Press Association—By Telegraph—Copyright. LONDON, January 30. The following are the official metal quotations : Copper: Standard, £33 14s 4sd per ton; forward, £33 18s IJd. Electrolytic: Spot, £36 10s; forward, £37 10s. Wire bars, £37 10s. Lead: Spot,'£ll 10s; forward, £ll 12s 6d. Spelter: Spot, £l4 17s 6d; forward, £ls Is 3d. Tin: Spot, £226 13s 9d; forward, £226 8s 9d. Pig iron : Home trade, £3 2s 6d; export, £2 17s 6d. Antimony: British, £39 10s; foreign, £32. Molybdenite, £3 Is per unit. Wolfram, £1 7s. Silver: Standard, 19 9-16 d per oz; fine, 21£d. ELDER SMITH DIVIDEND The secretary of the Stock Exchange Association has received a cablegram from Elder Smith Ltd-, stating that the company declared an interim dividend at the rate of 44 per cent, per annum yesterday. Transfer books will be closed from February 20 to March 1 inclusive. —Wellington P.A. message. COLOMBO; TEA SALES Mr L. M. Wright has received the following cabled report on the Colombo tea auction of January 30:— At yesterday’s auction of 1,410,0001 b common teas advanced 2 to 3 cents, mediums remained firm, while fine kinds, owing to quality declining, were irregular and easier. Next week’s sale catalogue is for 1,510,0001 b. EMPIRE EXCHANGES The Federation of Chambers of Commerce of the British Empire has addressed a letter on Empire monetary policy to the Prime Minister and other members of the Government, to the Prime Ministers and Finance and Commerce Ministers in the oversea Empire countries, and to the High Commissioners in London. The letter, signed by Lord Elibank, chairman of the council, enclosed the following resolution passed by the council:— “That the Council of the Federation of Chambers of Commerce of the British Empire welcomes the declaration of the Empire delegates to the World Economic Conference of the desirability of stabilising exchanges between Empire, countries, and urges the Governments concerned to take early action to give effect to their declaration, and with this object in view 'to assemble as soon as possible an Imperial Monetary Conferenqe.” CHILLED MEAT EXPORT “ SUCCESS AT HAND ” AUSTRALIAN INTEREST IN INDUSTRY. “ Success in that especially vital of the many current problems of the Australian beef export industry—the commercial transport, storage, and handling of chilled meat for export—appears to be practically at hand.” This was one of the outstanding declarations made last week to the conference held in Brisbane of the representatives of the Australian beef export industry—the most important gathering of its kind ever held in Australia. Representatives were present from every section of the industry and from every part of the Commonwealth. After a wide general discussion of all aspects of the trade, and particularly those indicated in the agenda paper, a sub-committee was appointed to go into the whole matter and make recommendations. The delegates -were told that the Queensland Meat Industry Board was now in a position to prepare about eighty-five tons of chilled beef _ for weekly trial shipments on a semi-com-mercial scale, and was prepared to provide chilling facilities for treating up to 1,600 head of cattle—3oo tons of beef—weekly for this new trade. Mr E. F. Snnners, chairman of the Queensland Meat Industry Board, and general manager of the Brisbane abattoir. who presided at the opening of the session, and who was later elected chairman of the conference, traced the steps taken and progress made by scientists in their research into this question. Their work was by no means completed, and until several trial shipments had been made their technique, he said, could not be finalised. BROKEN HILL SOUTH The dividend of Is fid a share announced by Broken Hill South Ltd. is the third distribution made for the current year, which ends on June 30. Dividends of Is each were paid in September and December, 1933, so that to date 174 per cent, has been declared. In 1932-33 a total of 15 per cent, was paid, compared with 10. per cent, in 1931-32, and 74 per cent, in 1930-31.

THE SEARCH FOR GOLD BELL-HOOPER ASTIVITiES The following report on the BellHooper mine for the week ended January 27 has been received: — All the men were engaged on preparatory blocking out stopes and blocking out work. The centre stope through block F was advanced eight feet towards the old Bell-Hooper drive; and the centre stope through block M parallel to the boundary line was advanced 23ft, and it is now on the high bank ground in block 0. Blocking out work was in progress in block K. The contractor has completed a distance of 96ft. giving a distance ot 26ft for the week. The total gold won for the week was 350 z lOdwt. CROMWELL HiNIMG HEWS' [Erou Our Correspondent.] Speculation has been rile during the last few days as to just where the second load of gold revealed by the geophysical survey part}’ on Cronnve 1 c Ist runs. The opinion most freely expressed is that this was information which has been common knowledge tor some time, but was prepared for release by the Prime Minister during his visit. Mr William Bell at his 4X claim has been driving to what has been regarded by most of'tho old school of miners as a former course of the river. The work already accomplished by Messrs Frye and Giddeus has demonstrated that they, too, are now in a former river channel, their claim being situated on the flat about ten to twelve chains behind the Bell-Kilgonr Company’s property. This syndicate was more fortunate" than the bulk of the miners inasmuch as the ground on which it is now working was not the property of the Cromwell Development Company, and, therefore, they have been able to go ahead without interruption. The announcement by the Prime Minister has nevertheless given some of the claimholders more heart. The Cromwell ‘ Argus ’ reviews the matter as follows: —“In the early activities of the geophysical survey it was made plain that the system did not indicate a gold content, but the character and region of an area which might reasonably be expected to carry gold. For some months the geophysical survey party has beeii operating in the district and over a wide area on the flat. Nothing definite in regard to its operations has been made available, although the Minister’s latest announcement was that the survey plan would shortly be made available to 1 claim-holders who agree to a levy therefor of 5 per cent, of all gold won.' “ The visit last week of the Minister in charge of the Department of Industrial and Scientific Research has been responsible for the most important statement to date.' A message gathered by Press representatives on tour with the Minister indicates that the geophysical survey indicates gold-bearing deposits, and that its success in that direction has already been proved on Cromwell Flat. It is the first we have heard of it, and we would be delighted to know the exact locality. If the survey can indicate the gold-bearing nature of any deposit, then the future for mining in this district is bright.” HEW GORHISH POINT MIKES The following report, dated January 27. has been received from the mine manager:— For the past week the contractors have advanced the incline tunnel 20ft, making the total distance of 65ft from No. 1 chain peg. The country driven through consists of coarse gravel intermixed with thin layers of sand. It is of a more solid nature than previously, the loose shingle rising towards the top of the drive, leaving a lull face in the solid country. This enables the work to proceed without the use of face boards, making progress more favourable. Samples taken from the country driven through contain gold values estimated at Is per yard. SANDHILLS GOLD MINING GO. LTD. The following report has been issued to shareholders:— The company’s engineer (Mr Lee), with Mr J. R. Leggo, technical engineer for Nobel’s Explosive Company, visited the company’s claims at Sandhills on January 10, and submitted the following report to the directors: — Tunnel.—Tho main drive of the tunnel for the shot has been driven the full distance of SOft, and the righthand inner cross-cut completed, and the cross-cut on tho left-hand side is now being driven. The rock has proved very hard, making driving slow. The hardness of the rock is, however, a good feature, as it will ensue larger blocks of stone being dislodged when the shot is fired. It is anticipated that the tunnel will be ready lor charging about the end of February. Gabions.—Mr Davison, who is in charge of this work, has made satisfactory progress with the building and placing of the gabions. Three tiers have been completed. Mr Leggo expressed great satisfaction with the tunnel and gabions, and the general prospects of the shot. The Cut.—Mr Lynch has lowered tho cut Bft below the highest point, and is now starting another stope which will lower the bottom another three feet. This work, will be completed well hnfor. the firing of the shot to divert the river. There has been an abundant supply of water so far this season. The progress of the work, is satisfactory, and it is expected that the shot will be ready for firing early in March. WEST AUSTRALIAN PRODUCTION It is confidently predicted that the 1933 record for goldmining in Western Australia will be eclipsed this year. Several years’ developmental and constructional work in some of the mines will be completed this year, more batteries will be coming into use, and there will be more prospecting done than for the last twenty years. WILUHA OPERATIONS During the month of December the Wihina Gold Mines treated 41,121 tons of ore, yielding bullion estimated to contain 11,025 fine ounces of gold, tho estimated value of which at £6 8s per fine ounce is £70,560 in English sterling, equal to £87,671 in Australian currency. Working costs in'Australian currency were £37,968, or 18s. lOd per ton, which includes 2s 6d per ton of ore milled for development redemption. Working surplus for the month is estimated at £49,703 in Australian currency. Expenditure on construction and equipment was £3.971. The gold recovered includes approximately 287 fine ounces from the retreatment of 2,445 tons cyanide residues.

MONDAY’S WOOL SALE OVER 30,0 DD BALES TO SE SOLD FINE WOOL—3O PER GENT. Tile consistently high prices for wool which have been maintained this season are practically certain to be offered again at Dunedin’s second sale, to commence at 9 o'clock on Monday morning in Burns Hall. The number of bales to be placed before the buyers is 30,338. A particularly promising feature of the sale is that 80 per cent, of the catalogue coinprises fine wool, which invariably is in the keenest demand. Tho catalogue of bales, with the mimes of the stock and station agencies in the order of selling, is ns follows: Bales. Stroiiach. Morris ... ••• 2,237 Loan and Mercantile 2,-181 National Mortgage 6,230 Wright. Stephenson 7,659 Didgcty 6.350 Otago Farmers 2,515 Donald Reid 3.8C0 Total 39,338

ADDINGTON lOTET [Per United Press Association.] CHRISTCHURCH, January 31. An excited demand for store ewes caused a rise of 2s to 3s at the Addington market to-day. These were the highest prices for the season, 32s being paid for two-tooth half-breds. It was a keen sale throughout, with strong competition from southern buyers. The entry of 15,000 was the biggest this season. Values: Good two : tooth half-bred ewes made to 325; medium, 25s to 27s 6d; ordinary, 22s to 24s 6d. Medium two-tooth Corriedale made to 27s 6d; ordinary, 22s 6d to 255. Good four, six, and eight-tooth half-bred brought to 27s 9d; medium, 22s to 24s (Id; ordinary, 19s to 21s 6d. Good four-tooth cross-bred made to 26s 3d, good fouryear, to 25s 3d; medium four-year, 20s 6d to 235; ordinary, 17s to 20s. Good aged ewes brought to 19s 7d; medium, 14s to 16s 6d; inferior, 9s to 13s 6d. Store Lambs. —There was a good entry of fair quality, bringing a steady demand at ;i shilling rise, everything being cleared. Values: Best forward half-bred ewes made to 22s lOd; forward, 18s 6d to 20s; medium. 16s to 18s. Good half-bred wethers made to 18s Sd ; medium, 15s 6d to 17s; ordinary, 13s to 15s. Good m.s. half-bred brought to 17s 7d; medium. 14s 6d to 16s; ordinary, 12s to 14s. Good crossbred ewes realised to 19s; wethers to 17s. Fat Lambs.—There was an entry of 4,200. The export schedule being up a farthing, there was a keen sale at full schedule rates. Exporters took 50 per cent, of the yarding, and graziers several hundred. Values: Extra prime heavy brought to 27s 4d; prime heavy, 22s to 245; medium, 19s to 21s 6d; light, 16s to 18s 6d. Fat Sheep.—An entry of 3,500.. There was a slower sale, with values Is 6d down. The quality was better than for some time. Values: Extra prime heavy wethers made to 27s lOd; prime heavy, 24s to 265; prime medium weight, 22s to 23s 6d; ordinary quality, 19s 6d to 21s 6d ; light, 16s to 19s. Extra prime heavy ewes brought to 25s Id; prime heavy, 22s to 23s 6d; prime medium weight, 17s to 20s 6d; ordinary quality. 14s 6d to 16s 6d ; light. 11s to 14s, "Fat Cattle.—An entry of 460. The quality was good, but the sale was erratic. Best beef made from 21s 6d to 23 s; good, 18s to 20s; heavyweight, 15s 6d to 17s 6d; medium, 14s 6d to 17s; and rough, down to 10s. Values: Extra prime heavy steers realised to £ll 7s 6d; prime heavy, £8 to £9 10s: prime medium weight, £7 10s to £9 7s Cd; ordinary, £4 10s to £6 10s: Imht from £3 10s. Extra prime made to £9: prime, £4 to £6: medium, £2 10s to £3 15s; light to £2 ss. Extra prime cows made to £7 is 6d; prime, £3 10s to £5 ss; medium, £2 5s to £3 ss; light, to £2. Fat Pigs.—A medium entry brought a good demand. None was bought for export, and bacon was dearer. Values; Choppers. £2 6s to £3 18s 6d ; baconers. 46s 6d to 55s 6d; heavy, £3 to £3 12s 6d ; extra heavy, to £3 15s 6d (average, 4Jcl to sid per lb); porkers, ■?Bs 6d to 32s 6d; heavy, 24s 6d to 28s 6d: extra heavy to £2 2s (average, 4Jd to Sid per lb). MOUNT ISA OPERATIONS Mount Isa Mines Ltd. reports operations for the week ended January 50 were as follow (figures in parentheses being for the week ended January 13) :—Ore milled, 7,341 tons (3,565) ; silver-lead bullion produced, 740 tons (328) ; bullion railed to Townsville, 728 tons (282). ELECTROLYTIC ZINC Four weeks’ production of Electrolytic Zinc Ltd. to January 10. is 4.801 tons zinc, of which fifty tons was used at the works; 155 tons of lead, and 17,0000 z of silver. KUALA LUMPAR TIN Kuala Lumpar Tin dredging return for the first half of January was 192 hours’ work, 133,000yds dealt with for fifty tons of tin oxide. DAIRY PRODUCE Messrs Dalgety and Co. Ltd., liave received the following cable from London, dated January 31;—The butter market is slow. The cheese market is steady at present price.?. Quotations; Danish butter, 88s to 90s; New Zealand finest butter, 64s to 665; Australian finest unsalted blitter, 62s to 655; Australian finest salted butter, 61s to 635; Australian g.a.q., 58s to 60s. Australian cheese, white, not quoted; Australian cheese, coloured, not quoted; New Zealand cheese, white, 425; New Zealand cheese, coloured, 43s to 445; Canadian cheese, white, 46s to 525; Canadian cheese, coloured, 46s to 525; Canadian cheese, c.i.f., not quoted.

DRIED AND CANNED FRUITS Prices for Australian dried apricots have been named, and fair business done. So far as duty is concerned, they are now on practically the same basis as South African, but stocks of Australian for export to New Zealand are reported to be exhausted. Dried nectarines from the Commonwealth of two-crown grade are also reported as exhausted. Good stocks of canned fruit are held in the dominion, and fresh fruits are plentiful, so that any-acti-vity in canned fruits is not expected at the moment. No Australian prunes, it is said, will be available for Zealand out of last season’s pack.

Buyers. Seller!. £ 8. i d. £ 8. d. BANKING— Bank ’of Australasia 12 15 0 — Bank of N.S.W. ... — 35 0 0 Bank of New Zealand 2 9 0 — Commercial Bank ... — 0 18 5 National Bank of New Zealand ''... ... 4 3 0 — ■ National Bank of Aus- • ■ tralasia (eont.) ... 6 10 0 — Union Bank of, Australia Ltd — 10 2 Oe INSURANCE— National' Tnsur. Co. —- 0 19 0 N.Z.. Insurance Co. 2 17 3 — Standard Insiiv. Co. 3 1 0 — SHIPPINGHoward Smith 0 14 6 — •Huddart. -Parker (ord.) 1 13 3 —• Huddart, Parker (pref.) .... 1 4 0 — U.S.S. Co. (pref.) ... 1 4 10 — (COAL-^ Kaitaugata Coal ... 1 1 0 — Westport Coal Co. ... 0 14 7 0 15 0 LOAN AND AGENCYDalgety and Co. ... 10 8 . 0 10 12 0 N.Z. Loan and Mer- .. caiitile ■ (ord.) 60 0 0 ■ Trustees. Executors, and .Agency 2 10 0 ‘ Wright, - Stephenson > . (pref.) ... ... — 0 18 6 MEAT PRESERVING— N.Z. Refrigerating (paid) 0 19 9 — .N.Z. ..Refrigerating 0 9 (cont;) ... — 5 Southland Frozen Meat (paid).' ... 3 5 0 — Southland Frozen Meat (pref.) ... ... ... v 3 5 0 — South Otago Freezing b 18 0 — MISCELLANEOUS- . Broken Hill Proprty. 2 3 0 — Browm . Ewing . (ord.) Bruce Woollen Go. 0 19 0 _ (pref.) 0 13 0 — D.I.G. -.(inef.) ■ .... ... . 1 2 6 — Dominion ' Fertiliser 0 16 8 0 17 3 Dominion Fertiliser Debentures ... ... 100 0 0 — Dunedin Stock Exchange Proprietary T 3 0 iDunlopiperdriau - r ! "Rubber i X~. 0 9* .'EluVlrolvtic Zinc ’ ; (pref.? 1 14 9 — Ehrjlroiytio Zinc (def. ni*cl.) 1 6 3 — Kaiapci V/ollen (ord.) 0 10 6 — ■M'Leod Bros. 1 ... ... 27 10 0 — Mount Lyell ... ... — i 6 0 N at ion a 1 Elect ric ., ... • — 0 6 0 N.Z. Drug; Go, 3 14 6 ' N.Z. Farmers’ 1 Fer- ‘ tr-hicr ' — 0 18 3 'N.Z. Paper Mills ... 1 8 0 — ‘ Otago Daitv Times *. 26 6 — Smith and Smith ' (pref.) ... 0 17 0 0 19 0 BREWERIES— • N.Z. Breweries ...’ ... 2 0 6 2 1 9 . Staples’ Brewery , ;i 9 0 " OIL— • Moiuroa (pref;) : ..v ■ 0 4 6 MINING— : Waihi ■ 1 9 6 — Hahakipawa ' ... "... — 0 0 2i .Kildare ... ... — 0 1 JO Okanto-* ... ... • 0 9 3 0 9 6 1 Paddy’s’ Point — 0 4. 0 New Cbrnish ’Point ' , (6d paid)' ... ... .:. 0 0 7 0 0 9 ■ Golden Progress 0 1 0 . 0 1 6 / King Solomon 0 3 9 — ■ Golden .Point • ... ... ■ 0 0 24 0 0 3i Gillespie’s 1 Beach 0 2 •3 0 2 5 Waitahu ... — • 0 6 4 Big River ... ... ... ■ 0 1 0 Mount David ... ... — 0 2 0 . Nokomai..." ... ... — 0 2 6 Freshford 0 o n 0 0 3 Upper'. Shotover ■ 0 1 7 ' Central Shotover 0 0 9 0 1 0 Bell-Kilgour 0 0 9 0 ■ 0 11 1 Bell-Hooper (Is paid) — 0 0 Hi ! Oxenbridpe ... , ... ... 0 0 7 0 0 9 . Kevis Diesel 0 0 10 0 1 0 Charlston, ... — 0 2 0 Maerewhenua ... ... 0 0 11 — Addison’s Flat ... ... 0 2 0 — (Skippers ... ... ... O' 0 7 0 0 8 N.Z. GOVERNMENT LOANS(Bonds quoted are £100 Bonds.) ; 3J |>.c.- Stock. 1938101 5 0 3J iq Stock, 1939101 5 0 3i £.‘c. ' Stock, 1941101 5 0 • 3i jp.c. • Stock, 1938102 5 0 - • jp.c. : Stock, 1939101 0 0 34. p.c. 'Stock, .1941- -. 1952- ... 101 0 0 — 4 p.c.- Bonds, 'Jan. 15, 1940 : ... 101 5. 0 — 4 p.c. Stock, Jan. 15, 1940 ' 101 5 0 4 p.c. Bonds, Feb. 15, 1946 ... 102 10 0 4 p.c. Stock, Feb. IS, 1946 '... 102 10 0 4 p.c. Bonds, April 15, 1949 ... 101 2 6 .4 p.c. Stock, April 15, 1949 101 2 6 4 p.c. Bonds, June-15, 1955 ■ .:. ... 101 0 0 101 12 6 4 p.c. Stock, June 15, 1055 : ... 101 0 0