COMMERCIAL

Greymouth Evening Star, 7 May 1940, Page 9

COMMERCIAL

STOCKS AND SHARES [PEE pbess association.] WELLINGTON,' May 1 7.Sales reported: Bank of N.Z. 43/6, Northern Roller Mills 20/-. > May 7. Sale reported: Northern Roller Milling (late yesterday) 20/-. SYDNEY, May 7. Sales: Tooth’s 51/-, Associated News 12/-, Anthony Hordern 12/8, British Tobasso 46/9, Broken Hill Proprietary 46/-, Burns Philp 53/9, Colonial Sugar £52/2/6. J. N.Z. NEWSPAPERS AUCKLAND, May 6. The accounts of New Zealand Newss papers Ltd., for the year ended March 4 31, show a net profit of £45,035, a re•t duction of £5531. A final dividend ot--1 8d a share is recommended, making 1/4 a share or 8 per cent, for the year (unchanged). The year’s dividend ab- „ sorbs £39,833, leaving £44,139 to be 1 carried . forward against £38,937 * brought in’. Gross profit was £165,1 977 against £135,378, and expenses • totalled £126,162 compared with £91,1 224. Taxation for the year absorbed £96,000. TAUPIRI COAL ’ AUCKLAND, May 6. Net profit of £10,592, against £12,- [ 222 in the previous year which was j the best since 1931, was earned by Taupiri Coal Mines, Ltd., in the year ended March 31. Ordinary dividend for , the year is unchanged at 1/6 a share 1 . or 7S pel’ cent., and absorbs £9750, , ■ while preference payments require £l2BO. Gross earnings were £29,176, ( against £31,174, while interest and rents provided £2791 against £2706. MINING REPORTS

BIG RIVER’ Mine report for week ended May 8: No. 5 level, north stope: Filling now in progress. No. 6 level, south block: Stoping, stone 3ft wide. Level: . Advanced 6ft., total 56ft. Nothing of value yet. Shaft: Repairs not yet completed. Battery: 25 tons stone sent to the battery. CLUTHA RIVER For the week ended May 3 the Clutha River dredge operating at Alexandra worked 102 hours for a return of 45 ounces. GILLESPIES BEACH Return for two weeks ended May 4: 59 ounces 14dwt for 242 hours from 30,080 cubic yards. ALEXANDER Report for month of April: No. 6 level: Driving north on a promising reef track was commenced about 40ft back from end of drive. The face has been advanced 46ft in very soft and broken country, -with very little water. Quartz leaders are being followed, but assay values that were taken are not yet to hand. Stoping has been carried out on three faces above No. 6 level and No. 5 intermediate level. Average width of reef 30in. A considerable amount of filling was done in the i stopes above No. 5 intermediate level i by driving into the walls of the stopes. ; One hundred and sixty-five tons of ore were transported to the battery for the i month.

Gold returns for month of April: — Battery department: 150 tons of ore crushed for 29ozs lOdwtS' melted gold. Cyanide department: 20ozs 14dwts bullion. Total estimated value: £365. In addition, two and three-quarter tons of concentrates were saved, containing 17.33 ozs., valued at £139. Note. —In estimating the above value, gold has been taken at £8 per fine ounce. BLACKWATER. REEFTON, May 7The Blackwater Mines’ return for April is: Crushed 4343 tons, yielding 1819 fine ounces of gold, from all sources, including a clean-up of the old mill, the value of which, taking gold at 168/- per ounce, was £15,280. Working expenses, not including ordinary or war gold duty, were £8646. Development expenditure was £667 and capital expenditure £844.