COMMERCIAL

Evening Star, Issue 24096, 17 January 1942, Page 8

COMMERCIAL

AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright SYDNEY, January 16. Shares were inclined to turn down in quiet trading on ’Change to-day. British Tobacco, £2 Is; Australian Consolidated Industries, £2 Is 3d; Broken Hill Proprietary, £1 12s 6d; Broken Hill South, £1 2s; Loloma, £1 5s 6d; Larut, 2s 3d; Colonial Sugar, £44 ss; Woolworths, 13s lOd; Selfridges, 18s; General Industries (ord.), 18s. MELBOURNE, January 16. North Broken Hill, £1 15s 9d; Carlton Brewery, £3 Is; Myers, £1 7s 3d. MINING NEWS The return of Ngahere Gold Dredging Ltd. for the half-month ended January 15 is 2630 z from 108,135 yards worked in 204 hours. Time was lost because of the holidays and the changing of the lower tumbler. , For the period ended January 9 the Molyneux Gold Dredging Company’s dredge operated 285 hours and recovered 2070 z of gold. IMPORT LICENSING SCHEDULE AMENDMENTS The Comptroller of Customs has advised the Dunedin Chamber of Commerce as follows of further amendments to the import licensing schedule for the sixth period:— Almonds.and nuts, all kinds, except peanuts (tariff item 52/1): Inclusive of licenses already issued, sixth-period licenses may be granted without reference to this office for the importation. of almonds and nuts, all kinds (except ‘ peanuts, which remains a “ control ” item) ex tariff item 52 (1), from British India, Netherlands East Indies, Spain, Portugal, Brazil, Australia, and Palestine, only .to the extent of 100 per cent, of the value of licenses granted for imports of similar goods in 1940. Desiccated cocoanut, .etc. (tariff item 52/3): Inclusive of-licenses already issued, sixth-period licenses may be granted without reference to this office for the importation of desiccated cocoanut from all sources to the extent of 100 per cent, of the value of licenses granted for imports of similar goods from the same sources in 1940. Walnuts, etc. (tariff item 52/4): Inclusive of licenses already, issued, sixth-period licenses may be granted, without reference to this office, for the importation of walnuts from British India, only to the extent of 100 per cent, of the value of licenses granted for imports of similar goods in 1940. Rice, dressed or undressed, etc. (tariff item 62): The allocation for imports of rice, etc., from all sources has been increased from 50 per cent, to 100 per cent, of the value of licenses granted for similar goods from the same sources in 1940. Sago and tapioca (ex tariff item 67): The allocation for imports of sago and tapioca from the United Kingdom and Crown colonies has been increased from 50 per cent, to 100 per cent, of the value of licenses granted for similar goods from the' same source in 1941. _ ' , Gloves and mittens, other than those composed wholly or principally of rubber, etc. (ex tariff item 136/4): The allocation for imports of these goods from the United Kingdom and Crown colonies has-been increased from 50 per cent, to 100 per cent, of amounts of licenses granted for imports of similar goods from the same source in 1940. Coir mats and matting (ex tariff item 159/1): The allocation for imports of coir mats and matting from British India has been increased from 50 per cent, to 100 per cent, of the 7 amounts of licenses granted for imports of similar goods from the same source in 1941. Lace, laces, and ribbons, n.e.i. (tariff item 168); The allocation for this item is to he based on the value of 1941 licenses instead of 1940 licenses. Paint brushes (ex tax tariff item 419/2); Inclusive of licenses already issued licenses may now be granted to regular importers for imports of paint brushes from all sources for amounts equivalent to the value of applicant’s imports of similar goods from the same sources in 1938. Medical supplies; Licenses for medical supplies on the basis laid down, in .circular .1441/98 may ho granted for imports ■ from the United States of America, and if desired licenses already issued by authority of that instruction may be amended to permit of imports from the United States. Drinking glasses (ex tariff item 225): Inclusive of licenses already issued licenses may be granted for _ imports, of drinking glasses from the United Kingdom and/or Australia for amounts. equivalent to the amounts of .licenses granted for imports of similar goods from any source in 1941. Corrugated saw edge fasteners and corrugated steel in lengths (ex tariff item 448): Inclusive of licenses already issued licenses may be granted for: imports from the United States of corrufated saw edge fasteners and corrugated steel in lengths for use in automatic box fastening machines (ex tariff item 448) to a value equivalent to the amounts of licenses granted for imports of similar goods from all sources in 1941. Any licenses already issued for imports of these goods from British countries may be amended, if desired, to permit of the importation of the goods from the United States.

| FRUIT AND VEGETABLES. I .BUSY WEEK REPORTED Reilly’s report that the week has been a. busy one, with stone fruit as yet in limited supply; any lines of good quality are netting high values. Apricots, peaches, and dessert plums are coming on to the market, and with the wanner weather there should be increased supplies very shortly. No new season’s apples have as yet made their appearance on the market, although small consignments of pears have been received. Limited supplies of cherries are coming to hand and netting fair ' values. Small lines of Ettesburg strawberries are still arriving, and there is a good demand for tliis fruit. Increased supplies of grapes are coining to hand and values are Tower. Tomatoes have dropped in price with heavier supplies now coming forward. Black and red currants have a sound inquiry, with fair supplies arriving. Only small supplies of raspberries are arriving, mostly from the Waimate district, and values remain firm. Loganberries of excellent quality are also coming to hand. A shipment of Australian lemons was distributed during the week, the fruit meeting with a very keen inquiry. There has been a good demand" for vegetables, cauliflowers realising good . values, with cabbage in better supply. Carrots, beetroot, white turnips, spinach, and other lines of fresh vegetables have good inquiry. Lower values are obtainable for green peas, with fair supplies arriving. Vegetable marrows are commencing to arrive. Increased consignments of potatoes are now arriving, and the market remains firm for these. Eggs.—Fair supplies are coming to hand and meeting with a good demand. Poultry.—Heavy supplies came forward for our weekly sale, with a considerable drop in values for most lines.

CLOSING SALES Auckland.—Sales on ’Change: War Loan, 1951-54. 5 per cent., £9B 10s (2) ; Franklin P. 8., 1958, H per cent., £lO7 15s; Mount Eoskill K. 8., 1954, 4* per cent., £106; Bank of New Zealand (D. Mort.), 10s; South

British, £2 16s 6d; Kauri Timber, £1 3s 3d;' Maoky Logan, £1 Ss; Arahura, £1 Bs. Wellington.—Wellington Gas (pref.), £1 2s 6d; Kauri Timber, £1 3s; Woolworths’ Holdings (South Africa), 17s. _ Christchurch.—Sales reported: 3£ per cent. Inscribed, 1956-59 (ex interest), £IOO Ids; War Loan, 1953, £B7; New Zealand Refrigerating (£1 paid), £1; Woolworths (South Africa), 17s l*d. DALGETY'S DIVIDEND (P.A.) WELLINGTON, January 16. Dalgety and Co. have declared a dividned of 4s per" share, making a total for the year of 7 per cent., which is the same rate a« last year. - COLOMBO TEA Mr L. M. Wright has received the follow, ing cabled report on the Colombo tea auction on January 13: —“ 2,500,0001 b were"submitted to buyers. Australian, South African, and American buyers were particularly heavy operators, and all grades were considerably dearer at the close of sale. At next week’s sale 4,500,0001 b have been catalogued for auction." 'TRUTH* (N.Z.) LTD. After provision of £3,703 for taxation, n<*t profit of Truth (N.Z.) Limited was £653 for the year ended September 30. In of the unsettled conditions no dividend is recommended. A sum of £1,935 is transferred to plant and machinery account and £l7l to premises, leaving £9,423 to be car. tied forward, against £10,876 brought in. COAST GOLD RETURNS. (P.A.) GREYMOUTH, January 17. For the first half of January the returns for the Barrytown dredge were 111 ounces for 127 hours, 45.000 yards; Kanieri. 707 ounces for 283 hours, 99.000 yards; Arahura; 559 ounces for 239 hours, 133,000 yards; Snowy River, IS7 ounces for 174 hours, 37,500 yards.