COMMERCIAL

Greymouth Evening Star, 23 May 1941, Page 9

COMMERCIAL

RESERVE BANK. [per press association.] WELLINGTON, May 22. A further improvement (£233,951) in sterling exchange is shown in the return of the Reserve Bank for the week ended May 19, 1941, when compared with the preceding week. Advances to the Marketing Department show an increase of £334,754. The bank note Issue increased by £112,960, and State liabilities £690,172, but/other liabilities declined by £305,916. . - PORKERS EXPORT. PALMERSTON N., May 22. Discussing the decision to permit the export of baconers in stock up to April 12, Mr. C. Hausmann, president of the New Zealand Association of Bacon Curers, said that the annual meeting in Christchurch passed a resolution requesting the Minister for Marketing (Mr. Barclay) to announce immediately the lifting of the weight of porker killings after June 30 to 1201 b for export. This, he said, was desirable, as porkers to this weight would, be accepted by the United Kingdom to the extent of shipping space available, and would greatly facilitate the conversion if necessary of pigs to baconer weights in the Spring, when there was every indication that carcases of baconer weights would be in short supply for local consumption. NATIONAL TIMBER. AUCKLAND, May 22. A fall in profit of £2,820 from £8,197 in 1940 is shown in the accounts of the National Timber Company, Ltd., for the year ended March 31. No final dividend is recommended. An interim dividend of 2 per cent, was paid in November, and this compares with 5 per cent, distributed in 1940, and 31 per cent, in 1939. The amount paid in taxation exceeded the dividend disbursements in the past two years. STOCKS AND SHARES. CHRISTCHURCH, May 23. Sales reported: late yesterday: War Loan £B2/15/-, Union Bank £6 12/6. Sale, unlisted: Associated Gold Dredges 10/6 (2), 10/7. WELLINGTON. May 23. Sale: Four per cent. Stock 1955 £lO6/4,0/-. Reported: New Zealand Refrigerating 17/-. AUSTRAL DREDGE. CHRISTCHURCH, May 23. The Austral New Zealand dredge return is 840 oz. of bullion, 282,000 yards, 421 hours, for the 28 days to midnight on May 17.