COMMERCIAL

Greymouth Evening Star, 26 May 1938, Page 10

COMMERCIAL

GOLD AND EXCHANGE. [BY CABLE —PBESS ASSN. —COPYBIGHT.’i LONDON, May 25. Gold 140/7MI. dollar 4941, franc 17SJ. STOCKS AND SHARES., WELLINGTON,(• May 26. Sales, morning call: British Tobacco £27/11, G. J. Coles £4/2/-, Woolworth’s Ltd. ord. £l/1/5. Woolworth’s Rights 3/11 Sale reported: Dunlop pref. £l/17/9. Sales, noon call: 4 per cent Stock 1946, £lO3/2/6; Eleictrolytdc Zinc Pref 42/5; Woolworth’s. Ltd., ord.. 21/5 (2); Coles 81/11: North Broken Hill 41/6: Mount. Lyell 22/10 (2); Consolidated BtickS/ll; Woolworth’s Ltd., (rights) 3/11 (3). AUCKLAND, May 26. Sales, 10 a.m. call: Broken Hill Prolp. 60/6 (2). Electro Zinc Pref. 43/-, New Zealand Drug 67/6, Talisman 8/1. Bonds 15/2/43/46 4 per cent. £lO3/2/6. Sales, 12.15 p.m. call: E. S. & A. Bank 97/9, National Bank 52/-, Bank of New Zealand 44/7, South British 47/4 Broken Hill Ply. 60/-, Electrolytic Zinc Pref. 43/-. G. J. Coles 82/-, Woolworth's Prop. Rights 3/10 (2), Milne and Choyce. (Deb. Stk.) 14/g New Zealand Paper Rights 1/3, Mt. Morgan 8/6 (.2). CHRISTCHURCH, May 26.

Sales- New Zealand Refrigerating (10/- paid) S/4,' British Tobacco 47/10, Broken Hill Proprietary (cum. div.) 60/- (2). Broken Hill Proprietary (contr.) (cum. div.) 36/6 (2), Dominion Builders 5/- (cum' div.). Electro Zinc (pref.) 42/6, G. J- Coles 82/-. Taranaki Oilfields 8/5, Woolworth’s Properties (Rights) 3/10 (2). 3/11 (2). Grey River 12/3, Mount Lyell 23/5. 23/4. 23/3. 23/2. 23/1, 23/-, 22/11 (2), 23/-. 22/11 (2). 23/-. Mount Morgan 8/6 (4). Reported: (Southland Frozen Meat 29/-. Mount Morgan (late sale yesterday) 8/5. 8/51, Mount Morgan S/7. DUNEDIN, May 26. Sales: National Insurance 17/8, Broken Hill Proprietary £3/0/6, New Zealand Paper Mills Rights 1/2, Woolworth’s Properties Rights 4/- (2). North Broken Hill £l/1/6 (2). BLACKBALL CREEK The Blackball Creek Dredging Company’s wash-up last week was 47 ozs. of gold from 15,000 yards of material. MOLYNEAUX The Molyneaux Gold Dredging Company reports a return of 103 oz. of gold for 175 hours for the two weeks ended May 21. J. R.-McKENZIE, LTD. ” WELLINGTON, May 26. Moving the adoption of the report and balance-sheet at the annual meeting of J. R- McKenzie , Ltd.. Sir Charles Statham said that in producing a profit of £85,352, they had to provide for taxes to the extent of £42,618’. Shareholders would realise from that just what a hungry sleepingpartner they had in the State. He mentioned a(so that shareholders on the register for the full year would receive 18 per cent, on their capital.

COLONIAL SL’CAR COMPANY. SYDNEY, May 25. Addressing the half-yearly general meeting of the Colonial Sugar Refining Company, Ltd., the chairman (Mr. E. I!. Knoxi said the Australian sugar production last, season was a record. Mr. Knox said world prices of sugar al present were at a low level, and the improvement expected as a result of the international agreement had not materialised. The increased demand for the company’s distillery products had produced 782,461 tons of taw sugar last season, compared with 756.131 tons in the previous year, of which 351,93.8 tons was retained for home consumption and tiie remainder exported. 'l’ho returns for sugar exported were substantially higher than in recent years, but these were largely* offset by tin increase of 87 per cent, in overseas, freight. Tiie report and balance-sheet were adopted. A special meeting of shareholders held later adopted a resolution for the substitution of a. memorandum of the articles of association for the enacting deed of settlement, embracing proposals put forward on May 3. The resolution also enables directors to sit on the board and vote when negotiations for contracts are proceeded with other companies in which they have interests.