COMMERCIAL

Greymouth Evening Star, 11 June 1936, Page 8

COMMERCIAL

ADDINGTON MARKET

[per press association.]

CHRISTCHURCH, June 10. Prices were well maintained m : „U Classes ot stock at Addington ™ Store slteep: A smaller yarding and improved values for fo ™’*’ d and ewes, the former s ° ld 2° 2 t o sound mouthed ewes to 24/6, F.M. to 19/-, and ewe lambs to 25/J. Fat lambs: A keen sale with up to a halfpenny above schedule ra Fat sheep: A big entry of 5000 head. Big wethers were shghtl? eas ier, but export ewes w-eie fn ™ e J; Other sorts unchanged. Best wetheis 27/- to 35/-. good 24/9 to 2./G. medium 22/- to 23/6, best ewes -2/6 to 27/-, good 20/- to 22/-, export 14/- to 16 Fat cattle: 450 penned. Little change in market. Best steei s to £l3, good medium U)7- to £9/15/-, ordinary £6 to £ 10/-. best heifers £7 to £9/5/-, good £5/10/- to £6/15/-, best cows £6 10/- to £9, good £5 to £6/5/-. , Pigs: No change in values. Baconers -48/6 to £4. average price per lb 5d to 5-d. Porkers 28/- to £-/l/6, average price per lb 5d to sid, choppers 30/- to £4. GOLD AND EXCHANGE. LONDON. June 10. Gold 138/8, dollar 5011, franc 76 3-16. STOCKS AND SHARES. AUCKLAND. June 11. Sales: Morning call —Mt. Morgan 14/10. Pukemiro 24/10. British Tobacco 41/-. Cement 45/3. Broken Hill 7-/0, Consolidated 51/-. Bank of N.S. wales £32 5/-, Stock 43/46 £lO4 5/-. Sales, noon: Golden Crown 9/-, Dunlop 17/9, Dominion Breweries 24/-, Gas 25/10, Broken Hill 72/6, South British 90/9, Woolwortlis (Sydney) £.5/8/6, Bonds 1943/46 £lO4 DUNEDIN, June 11.

Sales: E. S. and A. Bank £6/4/-, Dunlop Rubber 17/6. Reported: Mosgiel Woollen £9/15/- (late yesterday), Shillings, Ltd. 11/6 (late yesterday), Broken Hill Proprietary (cont.) £2, Government stock (1946-49) £lO4/10/-. After call: P. and 0. deferred £l/5/6, Shillings, Ltd. 11/5 WELLINGTON, June 11.

Sales: South British 90/9. Colonial Sugar £4l/12/6, Mossy Creek 1/5, Broken Hill 72/6, 72/3; ditto, cont. 49/9, Coles 79/9, Woolworths £5/10/-, Australian Glass £4/13/6, Big River 2/-, Shillings Ltd. 11/4. CHRISTCHURCH, June 11.

Sales: Comm. Bank of Aust. 19/2 (2) E.S. and A. Bank £6 4/-, Broken Hill Pty (cont.) 49/-, 48/6, 48/3; Consolidated Brick 10/8 (2), Waimumu Sluicing 6Bd, Mt. Morgan 14/11, 15/-. Reported: N.Z. Breweries (cum. div.) 54/1 (late sale 10th). Unlisted: Woolworth’s (Sydney, ord. ex rights) £5 8/6, £5 9/3, Selfridge’s (Australasian new) 25/3 (3), Selfridge’s (Australasian, new, late sale 10th) 25/4, 25/6, Selfridge’s (old, late sale 10th) 25/6 (3) 25/9, 25/8.

WORKSOP EXTENDED DIVIDEND. At a meeting of directors of the Worksop Gold Dredging Co., Ltd., yesterday, a further dividend of 10 per cent, was declared, which makes the sixth dividend of 10 per cent, in the short period that this venture has been in operation. The capital of the company is £16,000. BUNDI DREDGE. During the period ending May 27. the Bundi Tin Dredge operated 125 hours, treating 30,000 yards of material for a recovery of 60 ounces 2<lwt. 10 grains of gold. During the period the plant was closed down for boiler repairs, and boiler annual inspection.

N.Z. BREWERIES

WELLINGTON. June 10

Considerable decline in the output 1 in recent years, as the result of adverse economic conditions and of the burden of direct and indirect taxation, was mentioned in the Chairman’s statement to the annual meeting of New Zealand Breweries. Ltd-to-day. “Although improved conditions and reduction in excise duty assisted in regaining a portion of this loss, the position at the end of the year was that the Company’s output was still below normal,” said the Chairman. In recent years, there had been an increase in the public demand for bottled beers, and this feature had been noted in other countries also. In order to meet this demand, and to ensure the provision of the highest grade article, the Company had under, taken, or had in train, extensive additions to its buildings and plant at its several bottling establishments. The statement confirms the purchase by the Company of the oldestablished Timaru Brewery CoyLimited, the purchase having been completed a few days ago. The Directors intend to continue to operate this plant, and to develop the business as opportunity offers. The Chairman stated that the National Licensing Poll, taken last November. had resulted in an antiProhibition majority of 335,575 votes. Following on the succession of Prohibition defeats in New Zealand, and on the general world-wide abandonment of Prohibition wherever it had been tried, this should be a clear indication to the legislature that the public mind is definitely settled against Prohibition, and that it is futile and unreasonable to persevere with triennial licensing polls. Hon. Fl R. Davis, of Auckland, Mr E. T. Chrisp, of Gisborne, and Mr A. S, Duncan, of Christchui ch, were reelected as Directors.