COMMERCIAL

Greymouth Evening Star, 19 February 1937, Page 8

COMMERCIAL

BUTTER AND CHEESE. [BY CABLE —PBEb.B ASSN- —COPYRIGHT. 1 LONDON, February 18. Butter is lifeless. Danish 116/-. Nominal prices, choicest salted Australian and New Zealand 81/-. Unsalted New Zealand 92/-, Australian 90/-, 91/-. Cheese: New Zealand’ white 52/-, coloured 51/6. Australian scarcely offering. NATIONAL MORTGAGE CO. (Recd. February 19, Noon.) LONDON, February 18. The National Mortgage and Agency Company of New Zealand reports a net profit of £21,143. A dividend of 5 per cent, and a bonus of 11 per cent, will be paid, and £15,409 will be carried forward. The directors emphasise that the bonus applies to the year under review, and must not be taken as an indication of increased' distributions in future. GOLD AND EXCHANGE LONDON, February 18. Gold 142/1, dollar 489 3-8, franc 105 1-8. RESERVE BANK. WELLINGTON, February 18. The Reserve Bank statement for this week shows a decrease in the note issue of £446,700. Demand liabilities to the State are shown at £720,400 more, and other demand liabilities are shown at £653,400 higher. Demand liabilities to the banks are £503,200 lower. Other liabilities show a slight increase. On the assets side, sterling exchange is shown at £309,700 less, and subsidiary coin at £l6OO less. Advances from the bank to the dairy account are £587,000 higher, and other accounts are £551,600 higher.

STOCKS AND SHARES. AUCKLAND, February 19. Sales: Mort’s 14/3; Farmers’ Trading 23/6; Henry Jones 46/9; Zinc 57/9; Standard Insurance. 58/9; Mt. Lyell 49/6, 49/9; Broken Hill 85/-, Con. 73/3; South British 98/6; Coles £5/7/-, £5/7/6, £5/7/3; Woolworth’s New Zealand £7/4/6; Sydney £8 9/-; British Tobacco 52/9; Perpetual Forests 55/9; Gisborne Sheepfarmera £lO2/10/-. Sales, noon call: Roller Mills 22/-; Pref. 22/6; Zinc 58/-; Tooth’s 57/3; New Zealand Breweries 59/9; Glass 94/-; Coles £5/7/6; Wool worth’s Sydney £B/7/6; Stock 43/46, £lOl 10/-; Bonds 1 46/49, £lO3/10/-. CHRISTCHURCH, February 19. Sales: Comm. Bank of Aust. 19/4; E.S. and A. Bank £6/8/6; Goldsbrough Mort 37/11; N.Z. Refrig (cum. div. 10/- pd.) 9/2 (3); Aust. Glass 94/-; Broken Hill Propty. 85/4 (2); 85/6; 85/4 (2); Electro Zinc (ord. cum div.) 57/9; Electro Zinc (pref, cum. div.) 59/6 (5); G. J. Coles £5/7/9 (7); Hume Pipe (Aust.) 21/5;. Mort’s Dock 14/4 (5); Woolworth’s (N.Z., ord.) £7/7/-; Mount Lyell 49/3 (3); 49/4, 49/10, 49/8, 49/9, 49/11, 49/9, 49/8; Mount Morgan 17/-. Reported: British Tobacco 52/9. Unlisted: Alloy Steel (Aust) 21/6; Woolworth’s (Sydney, ord.) £8 7/- (2), £B/6/9 (4). Reported: Woolworth’s (Sydney, ord.) £B/8/6, £8 8/-. DUNEDIN, Rebruary 19. Sales reported: Odd parcel, Bank New Zealand 40/5 (late yesterday); Refrigerating Cont. 9/2 cum.; Dunlop Rubber 19/2; Dominion Brewery Rights 10/3. On Change: Dunlop Rubber 19/2: Morts Dock 14/3; Okarito 3/9. After call: Bank New Zealand 41/-; E.S. and A. Bank 127/6; Broken Hill Proprietary Cont. 73/-; Mount Lyell 50/9. > WELLINGTON, February 19. Sales: Bank of New Zealand £2 1/-, £2/1/3; N.Z. Refrig 9/2; Broken Hill £4/5/3, £4/5/6; Woolworth’s N.Z. £7/5/-; Mt. Lyell £2/10/-, £2 9/9; Taupo Totara 9/3; Tooths 47/3: Colonial Sugar £43; Electro Zinc ord. 57/9; Pref. 59/9; Coles £5/7/6; Taranaki Oil 2/10; Selfridge’s, N.Z. 4/- paid. 5/9: Woolworth’s Ltd., £8 7/6, £B/9/-. SYDNEY, February 19. Sales: Commercial Bank of Australia 19/9, Tooths 57/6, Anthony Hordern pref 23/-, Associated News 24/3, British Tobacco 53/6, David Jones 45/-, Drug Houses New Zealand Delivery 28/3, Dunlop Perdriau 19/4Jd, Electrolytic Zinc 60/- General Industries 20/6, Coles £5 8/6, J. Stedman 17/9.

WORKSOP DREDGE. The wash-up of the Worksop Dredge for the week, showed a return of 82 ozs, for 135 hours’ dredging of 12,000 yards of material. MOUNT MORGAN. WELLINGTON, February 19. Mount Morgan, Limited, reports that the new oxidised ore plant is working satisfactorily, and is now in full production.

BIG RIVER GOLD MINES. Report for the week ending February 16:-—Surface: The old culvert draining engine room foundations, and carrying exhaust steam pipes, caved in after heavy rain. Now opening up and retimbering. No. 4 Level: South Stope—Mullocking and bringing up pass to No. 3 Level. No. 5 Level: South Drive —A round taken out showed a definite foot wall and hanging wall. The reef track carries a few small seams of stone carrying mineral. Rise: Advanced l ift Gin. The distance now up is .'lSft. Gin. at which a block of stone 2ft. Gin. wide is exposed on the hanging wall side. A dish prospect from the borings showed free gold. A later report states: Stone broken out of the rise shows coarse gold. The rise appears to have struck the north end of an ore body, which seems to be making stronger going south.