COMMERCIAL

Greymouth Evening Star, 16 April 1934, Page 8

COMMERCIAL

MINING QUOTATIONS. [special to “stab.”] AUCKLAND, April 16. There were many ups and downs, last week, on the mining section of the Stock Exchange. Unfavourable, accounts from the claim brought about a drop in Okarito’s, which sold first at 9/3 and later at 8/6, ex the 6d dividend. King Solomons, on the other hand, made a sharp rise from 3/lli at the beginning of the week, to 4/7 at the close. It is understood that a recent Government' .survey was of a favourable nature), while the utterances' of the Chairman of directors, Mr D. S. McKenzie, at the arinpal meeting', held at Gore last Saturday, were encouraging. Mr McKenzie mentioned' that the total gold Won to date since the mine commenced is 10,570 dz„ valued' at £65,000 or five times the capital of the company. The company employs 70 men. Of the more-recent mining ventures one which figures on the sales sheet was Brian Bonus, which had a good sale at £2/0/6 for the £1 scrip, ■fa’aihis and Grand Junctions were steady at about late rates. The mining section was again fairly active when the new week opened, this morning, there being inquiries at the first call for Waihis 35/-, Blackwaters 32/-, Consolidated 16/-, and King Solomons 4/7. BRIAN BORU The Brian Boru dredge report shows a return of 80 oz. 2 dwts., for 125 hours’ working. * KING SOLOMON. INVERCARGILL, April 13. The wash-up at King Solomon mine this week totalled 1550 z. 13dwt. OKARITO RETURN DUNEDIN, April 16. The Okarito return is 24 oz; 10 dwts., for 120 hours’ dredging. GILLESPIE’S BEACH. DUNEDIN, April 16. The Gillespie’s Beach return is 38ozs 9dwts, for 118 hours’ dredging. BELL-KILGOUR. DUNEDIN, April 13. The Bell-Kilgour Goldmining Company reports a wash-up for the week elided April 13 of 230 z. 6dwt. 21gr. from development work. BELL HOOPER-CROMWELL CHRISTCHURCH, April 14. The Bell Hooper-Cromwell Gold, Ltd. Wash-up for the week ended April 13 was 41 ozs. 2 dwts 11 grains of gold. BROKEN HILL PROPRIETARY WELLINGTON, April 13. The Broken Hill Proprietary, Ltd., has reported to the Stock Exchange Association that a half-yearly dividend of 1/- per share, in Australian currency, has been declared, payable on May 16. The books will bd closed on April 25. GOLDFIELDS COMPANY. DUNEDIN, April 13. Goldfields Dredging Co. Ltd., reports that the return for the three weeks ended April 13 was 370 z. 2dwt. for 305 hours’ dredging. During the last week there was a flood on the Shotover river of considerable magnitude, with the result that a quantity of tailings from one of the adjoining sluicing claims was brought down, which beached the dredge. The directors have visited the claim and report that no damage was done, and it is anticipated that the dredge will be -working again in a few days’ time. NEVIS DIESEL REPORT The secretary of the Nevis Diesel I Electric Dredging Co. Ltd., reports that the wash-up for the fortnight ended April 13, gave a return of 16 ozs. 3 dwts. for opening out operations. The dredge is still working through tailings, and is now on the northern boundary of the old Pactolus Claim. Up to the present it has been possible to work to a depth of only 30 feet, but from next Mondoy the dredge will be able to get down deeper. The dredge is working splendidly and all the machinery functioning smoothly.

STOCKS AND SHARES [PER PBESS ASSOCIATION.] CHRISTCHURCH, April 14. Sates: Commercial Bank of Australia 16/11 (2), Goldsbrough Mort. 33/6, New Zealand Refrig. (10/- paid) 7/9 (2), Mahakipawa 51, Mahakipawa (pref.) 8?,. Reported: Bank of New Zealand (cum. div.) 48/6, New Zealand Breweries 40/8, Lawson’s Flat (late sale 13th) 3d, Mahakipawa (late sale 13th) 6d, Mahakipawa 6d, Moon-light-Nelson Creek (9), (2), Skippers Ltd. (9d paid) 10M, lid, Beaths 31/6. CHRISTCHURCH, April 16. Sales on ’Change: Govt. 41 Inscr. 1940, £lO3/12/6; Kaiapoi Woollens (17/- paid) 10/4 (4); Timaru Brewery (7/6 paid) 4/3; Dunlop Rubber 19/2; Mt. Lyell 24/4; Bell-Hooper (1/paid) 101; Mahakipawa 6d (5); Mahakipawa (pref.) lOd; Nokomai 1/81; Rawang Tin (cum. div.) 9/1, 9/U (3); Skippers Ltd. (9d paid) 105 d (7). Reported: Mahakipawa 51d, Skipper's Ltd. (9d paid) lid; Bank of New Zealand (cum div, late sale 14th.) 48/6. DUNEDIN, April 16. Reported after call: King Solomon, 4/10. ■WELLINGTON, April 16. Sales: Wellington Investment T. and A. 6/9, Gear Meat 27/3, Investment Executive, second B Debentures, £94. Sales at noon: King Solomon 4/10, Gear Meat 27/3, Waihi 35/4, Bank of New Zealand 48/6, Mortgage 34/-. At 10 o’clock: Commjercial Bank pref £9/10/-, Colonial Sugar £65/2/6.

NEW ZEALAND’S WOOL CLIP. CHRISTCHURCH, April 16. The New Zealand Wool Brokers’ Association advises that the wool sold at auction to March 31, during the present season, totals 557,201 bales, of I the total value of £9,366,126. With the round of April sales not included in the above total, this season’s clip sol'd in New Zealand will realise over £10,000,000, as compared with £4,239,720 in 1932-33, and £3,522,[735 in 1931-32. J 1

WHEAT EXPORT QUOTAS. (BY CABLE—PRESS ASSN. —COPYRIGHT.] WASHINGTON, April 14. America will. probably request an increase in her export quota under the world wheat agreement, if the system of minimum export prices agreed upon at the Rome Wheat Conference becomes effective. It was indicated by the agricultural officials, to-day, that the existing domestic carry-over of 400,000,000 bushels will be augmented by about 80,000,000 bushels from the current crop, and therefore it will require an appreciable increase on the 47,000,000 bushels export quota, which is relatively small in comparison with Argentina’s quota of 100,000,000 bushels. Australia’s 105,000,000 and Canada’s 200,000,000. The officials said, however, that they favoured in principle the fixing of minimum export prices. TREASURY BILLS. RUGBY, April 13. A total of £8,470,000 was applied for in the tenders for £4,000,000 Treasury bills. The amount allotted in bills at three months was £48,000,000, an average of 17/10.93d as compared with 17/9 last week.