Commerce, Mining, Finance

Evening Star, Issue 23818, 24 February 1941, Page 9

Commerce, Mining, Finance

DUNEDIN STOCK EXCHANGE THIS MORNING'S CALL LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

C9TTQN, RUBBER, AND TURPENTINE Tress Association—By Telegraph—Copyright LONDON, February 22. Friday's closing prices were as follows "Rubber: Tara 13^0, plantation smoked 12 15-16 d. Cotton: Spot 8.56t1. March 3.27<1. Turpentine, £3 8s 6d. MINING NEWS ARGO DREDGE RETURN. The Argo dredge return was 38oz tor 120 hours from 10,500 yards.—Greymouth Press Association. CLUTHA RIVER GOLD. For the week ended February 21 the dredge of Clutha River Gold Dredging Limited, operating at Alexandra, worked 123 hours and recovered 118 ounces. " ILLESPIE'S BEACH. For the week ending February 22, the •Gillespie's Reach Gold Dredging Company Ltd. reports a wash-up of 20oz 17dwt for 153 hours 16,335 cubic yards).

TRENDS UNCHANGED FEW, SALES REPORTED RECOVERY IN MILBURN LIMES Sales reported on the Dunedin Slock Exchange this morning showed a recovery of Milburn Lime. A parcel of this stock was reported as having changed hands at £1 19s, and subsequently the bid rose to £1 18s 6d. The only other sale reported was a lato sale from Friday of Woolworth's Properties, the price being £1 4s 6d. Few variations were disclosed by the call-over. Government loans were in steady demand at late rates. A little more'interest was displayed in a' selection of banking lines. U.S.S. Co. showed a slight increase in tho bid. Tho main issue of Now Zealand Refrigerating was on offer at a slightly reduced rate, with no buyers evident. Woollen companies quoted were firm. In tho absence of offers, Broken Hill rights only made 17s as to the bid, with tho main issue firm at £2. New Zealand Drugs were in demand at £3 18s. Breweries were neglected, and overseas mining shares were only represented by a couple of offers. BABES REPORTED. —This Morning.— Milburn Lime, £1 19s. —Friday.— Wool worths Properties (late), £1 4s 6d. AUCKLAND GAS COMPANY INCREASED WAGES AND TAXATION [Per U.vited Press Association.] AUCKLAND, February 24. Steady progress, which, however, was not sufficient to keep pace with the increase of wages, the cost of materials, and taxation, was reported by Mr V. J. Lamer at the annual meeting of the Auckland Gas Company to-day. He expressed disappointment that retrospective legislation had been passed nullifying the effect of the capital reorganisation of last year, since the liability for income tax had now been transferred from the perpetual debenture holder to the company. Although the sale of gas residuals and fittings produced £20,000 more than the preceding year, the balance in the working account was nearly £30,000 lower. Interest on the recent issue of perpetual debenture slock (£29,630) was largely responsible for this unfavourable showing, and unfortunately the company might still bo assessed for income tax on this amount. Sales of gas amounted to 1,122,500,000 cubic feet, exceeding those of the previous year by 43,000,000 cubic feet. The retiring directors, Messrs W. R. Wilson and K. B. Myers, were re-elected. SALES OX 'CHANGE; THIS DAY. Auckland.—Morning call: Bank of New South "Wales (odd lot)_, £2B 10s; South British insurance, 50s 9d; Kaiapoi Wool, Ids 9d; Australian Alloy Steel, 8s; Broken Hill Proprietary (rights), 17s 3d (3). Unofficial: Farmers’ Trading (pref.), 18s 6d. Noon call: Bank of New Zealand, 41s 3d; Broken Hill Proprietary (rights), 17s 3d; Mount Lyell, 275. Wellington.—Bank of New South Wales, £29 and £29 2s 6d; Wellington Woollen (pref.), £7. Deported: Four per cent. Stock (1943), £lO2 ss; 4 per cent. Stock (1946), £102; 4 per cent. Stock (1949), £lO4 os; 4 per cent. Stock (1949-52), £lO4 10s; War Loan (1953), £Bl 10s; Wellington City, 4i per cent. (1943). £101.; Carlton Brewery, £3 Os 4]cl; Broken Hill (rights), 17s 3d; Woolworths Limited, 17s 9tl. ' Christchurch. Reported: Napier Harbour Board. 4,1. per cent. (1954), £lO3 10s. Reported late Friday: War Loan (1953), £Bl 10s; Carlton Breweries, 60s; B.H.P. (rights), 17s lid (2). \ I .

N.Z. GOVERNMENT LOANS5j p.o. Stock, 1953-57 100 10 0 4 p.c. Stock, March, 194043 102 0 0 — 4 d.c. Bonds, L948-49 104 0 0 — 4 p.c. Stock. 194649 104 0 0 — 4 n.c. Bonds, 1952-55 104 10 0 — 4 d.c. Stock, 1952-55 104 10 0 — 4 d.c. Ronds. 1954-58 105 10 0 — 4 D.c. Stock, 1954-58 105 10 0 — War Loan, October. 1953 , 81 5 0 BANKING— Australasia (£5) 8 10 0 — Now South Wales (£20) 28 0 0 — New Zealand (£1) ••• 2 1 0 2 1 6 New Zealand, Long “D” (£1) 1 8 6 — Union of Australia Ltd. (£5) 7 0 0 — INSURANCENational (7s) 0 19 0 — Standard (£1) 2 19 6 . SHIPPING- ' U.S.S. Co. (pref., £1) 1 6 9 — MEAT PRESERVING— N.Z. Refrigerating (paid, £1) ... ... ' 0 19 d N.Z. Refrigerating (cont., IDs) — 0 8 6 South Otago Freczing (£5) 5 1 0 — Waitaki Farmers’ Breezing (£5) 5 0 0 LOAN AND AGENCY—. National Mortgage (“ B ** Issue, £1) ... 1- 1 9 — N.Z. Guarantee Corporation (3s) 0 2 9 — Perpetual Trustees (18=) 2 10 6 — Wright, Stephenson (ord., £1) — 0 19 0 Wright, Stephenson (pref., £1) 0 19 6 — COAL— Westport ■ 1 3 0 1 4 0 Westport-Stockton (ord.) 0 2 6 — OIL— Moturoa (pref., 5s) ... - 0 5 0 .WOOLLEN COMPANIESBruce (ord., £1) 1 0 6 — Bruce (pref., £1) ... 1 0 0 — Kaiapoi (ord., 17s) 0 13 u — Kaiapoi (cont., 7s) 0 4 3 0 4 7 Manawatu Knitting Mills (£1) I 0 6 — Oamaru (£1) - 1 1 6 Wellington (ord., £5) . “ 7 0 0 MISCELLANEOUSBroken Hill Proprietary (£1) ex rights 2 0 0 — Broken Hill Proprietary, rights ... 0 17 0 — Chas. Begg and Co. Ltd 1 1 0 — Crystal lee Co. (£1) 2 2 0 — D.I.C. (pref., £1) ... 1 3 3 — Dominion Fertiliser (£1) — 1 8 0 Dominion Rubber (£1) — 1 0 0 I.C.I. (pref., £1) ... 1 4 0 — Kauri Timber (£1 5s) 1 1 0 — Milburn Lime and Cement (£1) 1 18 6 — M‘Leod Bros. Ltd. (£10) 26 0 0 — N.Z. Drug Co. (£2) 3 18 0 — N.Z. Paper Mills (£1) 1 10. 0 1 11 6 , Regent Theatre (£1) — 1 0 0 Southland Ice Cream • 1 5 6 Woolworths (N.Z., ord., 5s1 — 0 14 6 Woolworths (Sydney, ord., 5?) 0 17 0 0 17 6 Woolworths Properties (ord., £1) 1 3 9 — BREWERIESNew Zealand (£1) ... i n 9 — Dominion — 1 11 0 OVERSEAS MININGElectrolytic Zinc (ord.. £1) — 2 13 0 Mount Lycll (£1) ... — 1 9 0 Wellington Alluvials 0 4 3 — N.Z. MINING— Big River (Is) 0 1 0 0 1 3 Clutha River (Is) ... — 0 2 3 Grev River (10s) ... —. 0 16 6 Molyneux River (2s) 0 0 4 — Nokomai (5s) — 0 2 0 Okarito (5s) — 0 2 0 Sandhills (Is) — 0 0 1 Waitabu (5s) — 0 0 9 UNLISTED STOCKSAll stocks in this section arc not nuolod on the official list, and transactions are subject to a different rate of brokerage: Mackintosh Caley Phoenix (£1) 0 9 0 Selfridge's (N.Z.) ... 0 6 6 0 7 9 Dunedin Ice Cream 1 8 6 ... Otago and Southland Finance 0 1 9 Mackintosh Caley Phoenix (15s) — 0 7 9 DIVIDENDS AND CALLS. The following is a list of shares ■ on which dividends will shortly be payable:Bank of N.S.W.—6s a share ... Feb. 27 Southland Frozen Meat Co. Ltd. . Final. 8d a share (pref. and ord.) Mar. 1 Standard Insurance—Half-yearly, Is 3d a share ... . Mar. 3. Electrolytic Zinc —Interim, pn ef. and ord., 6 per cent. Mar. 14