COMMERCIAL

Greymouth Evening Star, 20 November 1939, Page 12

COMMERCIAL

WOOL appraisement, AUCKLAND, November 17. The biggest deal in wool in New Zealand since the last, war was begun to-day, when nineteen appraisers, members to the New Zealand Wool Brokers’ Association, led by the president, Mr. Herbert Hill, commenced an examination of bales at the Parnell wool stores. Mr. Hill said that the appraisers would be in Auckland for a week or so.

About 14,000 bales are in .store and large quantities are arriving daily. Shearing is favoured by fine weather.

STOCKS AND SHARES

WELLINGTON, November 20. Sales reported; Bank of New Zealand 41/7, Emperor Mines 11/11. Sales: Government 1946 stock £99, Commercial Bank of Australia 16/4, N.Z.Refrig. (contr.) 9/- (5), Auckland Gas 16/9, Coles 81/-. Reported: Ngahere Dredge 25/-. SYDNEY, November 20. Sales: Bank of New South Wales £27, Commercial Bank of Sydney £lB 10/-, Tooths 50/6, Anthony _Hordern 14/4, Australian Consolidated Industries contributing 14/4, Broken Hill Proprietary 37/6, Colonial Sugar £49 7/6, Electrolytic Zinc 56/9. WAITAKI FREEZING COMPANY WELLINGTON, Nov. 20. The • Waitaki Farmers’ Freezing Company announce a net profit of £10,030/7/7. The amount brought forward from last year was £2,241/12/8. The directors recommend the payment of a six, per cent, dividend absorbing £5,753/3/10, the transfer to reserve of £5OOO, and the carrying forward of £1,518/16/5.

DALGETY AND COMPANY

WELLINGTON, November 20. Dalgety and Co., announce that, owing to delay in the mails, the annual meeting has been fixed for December 14. MINING $ BLACKBALL CREEK The return from the Blackball Creek dredge is 105 ounces for 180 hours. ALEXANDER. The Alexander Mines’ report for the week ended November 16 is as follows: —The drive south from the top of the last rise advanced eight feet, making a connection with the stope being worked above the level. Four feet of this advance was done on reef averaging 18 inches wide, the remainder on a fault line intersecting the two quartz lenses, that is, the lens driven on, and the lens being stoped. All the ore showing above No. 6 Level, which is 100'feet in length, has a great underlie to the west.

Stoping has been in operation on three faces north of the winze, and one face south, average width of all faces four feet. During the week 80 tons of . ore were sent to the battery. BIG RIVER REPORT. The Big River report for the week ended November 16 is as follows: — No. 5 Level, north stope: Filling south .end. North end stone 3ft 6in in width. iNo. 6 Level, rise: Timbering and centreing. Total 46 feet. Shaft: Sunk 7 feet for week; total 51 feet. Battery: Twenty tons of stone sent to the battery. BIG RIVER DIVIDEND. | A dividend (No. 3) of one penny per share (free of income tax) has been declared' on all the shares in the Big River Gold Mines, Ltd., and will be payable on December 11. This dividend represents a distribution of £2,500 to the shareholders, which makes a total of £7,500 paid in dividends. MATAKI JUNCTION WELLINGTON, Nov. 20. The Mataki Junction return for the week ended November 16 was 38 ounces of smelted gold for 127 hours and 19,000 yards.

PADDY’S POINT DIVIDEND

WELLINGTON, Nov. 20.

The directors of Paddy’s Point an nounce a dividend of five per cent, (threepence per share), payable on De. cember 5.