COMMERCIAL

Greymouth Evening Star, 1 November 1939, Page 8

COMMERCIAL

GRAIN AND PRODUCE. CHRISTCHURCH, October 31. The 1 following quotations to farmers on trucks at country' sidings, unless otherwise indicated, are supplied by the president of the North Canterbury Grain, Seed and Produce Merchants Association. •' Wheat—Milling, f.0.b., Tuscan 5/11; Hunters 6/1; Pearl 6/3. (Final payment of 3d a bushel on all wheat at the end of year). ' Oats —A Gartons 2/9 to 3/-, B. Gartons 2/6, Algerians 3/-_to 3/9, t .Duns 3/6 to’4/6./ -'. „. ' ■'Cu '-’ CC „ .. Ryegrass (good* germinatioij)/—Per'eriniai Up to 5/6 •’(nominator Italian Hip to’-'4A' ; to ; -4/6--(nominal). ■ 7d< (nominal)...:. -7While 1/3 .per lb. Red Clover —Old season’s, 4d to 6d per lb; new season’s,. 7d. " .'-Potatoes—£lB to £2O a ton (nominal). - '

Chaff—£4/2/6 to £4/5/- a ton. Barley—Malting 4/74,- feed, 3/j . to 3/6 a bushel, according to quality. Bran—Large £4/15/-, small £5/5/-. Pollard—Large £6/5/- a ton, small £6/15/- . STOCKS AND SHARES. CHRISTCHURCH, November 1. Sales: Government 1955 Stock £97 17/6, New Zealand Refrig. (10/- paid) 8/9, Westporti-Stockton Coal (prejf.) 7/8' (2),- Christchurch Gas 25/-, Woolworths Sydney 25/3. Reported: Government Stock 1949 (late sale yesterday)' £97/12/6, New Zealand Insurance 55/6. ■ - ■ WELLINGTON, November L Late- sales, yesterday :Broken ■ Hili' '79/3, Big River£d. Sales to-day:-Four per cent. Stock 1943 £9B .15/-, Colonial Sugar £52, Consolidated Brick 7/10. . . . . LONDON, October 31. ... Dalgety and C 0,,, four per cent debentures £72,. British Tobacco 32/6, Goldsborough Mort 20/-, Dalgety 86/3, P. and O. Deferred 20/6 (all nominal). MOSGIEL WOOLLEN CO. ’ DUNEDIN, October 31. The directors of the Mosgiel Woollen Factory Company, in their sixtysixth annual report, state that a greater of . sales compared with last year has resulted in a net profit of £12,293/0/10. . . ■

/ After-payment' of an interim .dividehd' of 4 ; .per cent, on April 6 last, absorbing £3;815/4/-,’ providing ■, £300,0 for depreciation, arid transferring £2OOO to reserve, there remains a balance'of £21,663/£/9j-,which the directors recommend should; he dealt- with as follows:—Payment of a final dividend of. 3 per cent., from trading, and 3 ,per cent, from rey.enue from.investments, making a total, of I.o;per cent, for tlie year, leaving £15,940/5/9 to be carried forward. ...

N.Z.. INVESTMENT TRUST.

WELLINGTON, October 31.

Debenture holders in the New Zealand Investment’ Trust, Ltd.', at a meeting, unanimously approved- proposals formulated by the directors for the incorporation of debenture holders in a new company, Financial Services, Ltd. This company has already been in existence for 18 months purely as-a subsidiary'of the New Zealand Investment Trust, Ltd.

. Briefly, the scheme put forward, for consideration proposed that the debenture holders in the Investment Trust should exchange their 'debenture stock for shares and debentures in Financial Services," Ltd.,- and that that company should take over all the assets of. the Investment Trust.

When completed, the reorganisation will mean that Financial Services; Ltd., as the sole operating'company, will have a combined share and debenture capital of approximately ; £llO,OOO. i MAORI GULLY GOLD DREDGE ( Owing partly to certain essential equipment' not arriving from’ .England, and partly to the difficulty of getting necessary skilled labour for the construction work, it is . expected that the Maori Gully Company’s new dredge at Callaghans will not now be ready for a trial run until about the middle of next month. The directors have decided to hold the annual meetirig of the company on Monday,. .December. 11 6 at-which meetingp. niption will be submitted 1 ,; changing the name of the company to Maori. Gold, Lijnited". The directors; have -also decided thrit "in future the company’s financial year will terminate on December 31 instead of March 31 as heretofore. . ' / ' r /