QUIET OPENING

Evening Star, Issue 23452, 18 December 1939, Page 9

QUIET OPENING

VALUES GENERALLY FIRM INOHIRY FOR HADING INDUSTRIALS Business opened on the usual quiet note for th# J l)egirinffig' of the week on the local investment market this morning. There was a steady demand for all sound investments, with few sellers on the market. ■ The strong demand for Government loans was continued, no sellers coming ,on- to the market. Banking scrip maintained its firm trend, and insurances , had unsupplied buyers. - A l&te sale was recorded of the paid issue of New Zealand Ref rigera tings at _ 19s 6d, • a buyer later quoting 19s 3d without any seller ..coming forward; Buyers, increased their ■offer for ordinary G. J. Coleg to £4 ,1s 9d, but there was no seller. New Zealand Breweries and: ordinary Electrolytic Zincs were also wanted at firming ■ rates.. Australian mining shares were hjore strongly supported than has been tho-case recently. SALES REPORTED. —Late Friday.— Dominion Fertiliser, £1 6s 6d. Nbw Zealand Refrigerating (paid), 19s 6d. , t. .. ——— RAITANGATA INDUSTRIAL CO-OPERATIVE SOCIETY’S ANNUAL MEETING. . The twentieth annual meeting of : the Elaitangata Industrial Co-operative So-ciety-Limited was held in the Miners’ Hall.' Mr D. Marshall, the president, presented the balance sheet to a fair attendance ‘of’'shareholders. The profit and loss account showed an increased turnover of £B7O Os,’ and a surplus of £371 6s 6d. • It was decided to pay a further Is 6d in the £ on purchases (excluding tobacco and butter) paid for during the half-year ended November 11, 1939. This, with the 6d in the £ discount already paid, makes a total of 2s in the £ on purchases. It was also agreed to •pay interest at the rate of 5 per cent, per annum on share capital in multiples ■of £l. ■ Mr D. Marshall was re-elected president and Mr J. Anderson vice-presi-dent. Messrs W. E. C. Reid and Co. ■' were' re-elected auditors, and the retiring committee members (Messrs Cleveland, Gibson, and Humm) were re-elected.

AUSTRALIAN WOOL HALF CLIP APPRAISED RAPID PROGRESS MADE Such good progress has been made ■with the appraisement of the Australian wool clip'that by the end of this month half the total clip will have been dealt with and the average price for Australia should be Jkiiown. The chairman of the Central Wool Committee, Mr A. F. Bell, said last week that of a clip of. about 3.200.000 bales appraisement had been arranged for 1,450,000 bales to the end of the year. Almost 1,100.000 bales had been dealt with by .November 30. comprising 23 series out of the 30 arranged to be completed by the end of the year. Already 527,000 bales, have . been shipped, and by the end of December about 816.000 bales will have been dealt with. The whole of these shipments have been made to the United Kingdom, but shipments will soon be made to Allied and neutral countries. The committee has arranged for leases of suitable premises for wool stores at 1 Adelaide. Melbourne. Perth, and Svdney. Special stores are t'o be erected in Sydney, and ore nearly completed in Queensland,