COMMERCIAL

Grey River Argus, 3 October 1934, Page 8

COMMERCIAL

The directors of Monteith’s Phoenix Brewery, Limited, Reeftoll, have de dared a dividend of 6 per cent, for the financial year ended March 3.1. The rate is unchanged. The company is now a holding concern, with interests in Westland Breweries, Limited. The directors of New Zealand Newspapers, Ltd., have declared an interim dividend for the half-year ended September 30, at the unchanged rate of 5 per cent.

The formation of a new company, Macky, Logan, Caldwell, Ltd., which has been reorganised, is announced. The nominal capital of the company is £lOO,OOO, in shares of £1 each, of which 85,000 shares are offered for subscription. The < subscribers arc:—D. R. Caldwell, 3750 shares; S. G. Steer, 3160; Llewellyn Griffiths, 2000; T. T. O'Brien, 700; Harold Kevey and A. V. Stohr, 500 each; A. W. Nicolson, 375; total, 10,985. The applications for shares total 14,400, of which 8050 have been applied for by employees. CHRISTCHURCH October 2. Sales on ’Change; Government 4 per cent bonds, 1940 £lO7 15s, Commercial Bank of Australia 16s 2d. ißank of New Zealand 48s 9d (2), Reserve Dank £6-9s (2). Dalgety’s. £79 4s 6d (2), New Zealand Guarantee Corporation (cum div) 5s 2d, Broken Hill Proprietary 51s lOd (2), Bell-Kilgour 3d, Big River Is 74d, Mahakipawa 10d, Mahakipawa (1930 issue pref.) Is 34d (4), Mount Lyell 19s 10d (2). Reported: Dalgcty £9 4s 6d. Government 4 per cent, inscribed 1940, £lOB 5s (2). Sales unlisted stocks ’change: Woolworth’s (Sydney) crd. 73s (6). DUNEDIN. October 2. Sales: Brian Born Is 3d. Reported: Goldfields ll|d (2). AUCKLAND, October 2. Sales; Bank of New Zealand 48s 9d. Auckland Gas- 26s 7d, Wa : ihi 355. Broken Hill 51s 9d, Government stock 34 per co nit. £llO 10s, 4 per cent. £ll2 17s 6d, Commercial Bank pref. £9 18s, New Zealand Refrig. 19s Bd. Big River Is 74d, Goldfields Dredging lid, Skippers 7d.

WELLINGTON, October 2. Sales; Four per cent, stock 1940. £lOB. 1946 £lO5 15s, 1949 £lll, 1955 £ll2 17s 6d, Reserve Bank £6 9s. Bank of New Zealand 48s 9d. LONDON, October 1. To-day’s quot aliens: Gobi 141/6. dollar 495 3-8, franc 74 9-16 WELLINGTON. October 2.

A complete agreement on the lines of the old award was reached at the Conciliation Council to day, in connection with the bacon-curing industry. LONDON, October 1. Bradford: A. substantial amount of covering business at improved price. London wool sales, 7184 bales offered, including 3713 New Zealand, and about 6658 Australian and New Zealand sold. Firm tone was sustained by Home and Continental competition at full rates. New Zealand greasy crossbred Mohakalino top 94d, average 7Jd. Greasy half bred Noaio Downs 104 d—lOd. BRISBANE, October 2. At the wool sale values were either firm or 5 per cent, higher than closing rates in Sydney last week. There was a good clearance of 8039 bales offered, and the day’s realisation was about a hundred thousand pounds. WINNIPEG, October 1. The Government investigation into wheat fixtures operations, as requested by John McFarland, Chairman of the Selling Agency Wheal Pools, seeks the source of the heavy selling of futures during the recent weeks, in face of the reduced marketing, and delivering by farmers. The “Free Press” hints at “overseas skullduggery, ” and suspects attempts to corner wheat.

Mr McFarland urges investigation into the Buenose Aires and Liverpool futures markets. CALGARY, October 1. The initial payment of the Alberta pool for the 1934 crop was boosted 15 cents to 50, as compared with 35 in 1933. Better prices improved the de ma nd. MOSCOW, October 1. Though the winter is setting in, much of the harvest in Eastern and Western Siberia has not been gathered. In the Chaliabinsk district, onethird of the grain is uncut and half the harvest is rotting in the fields. The authorities responsible have been removed from office and excluded from the Communist party. Others neglecting their duty have been finally warned. OTTAWA October 1. A Canadian Refunding l-mm <>f 250 000,000 dollars, in four scries, two. five, eight mid fifteen year iml- - with interest, two, two md a-half, three, and three mid a-half per cent, respectively, wTI be offered to the public to-day. The issue, is mainly the refunding of the 222,000 000 dollars 1914 Victory Loan, due on November 1.

BRITISH CAPITALISTS IN JAPAN TOKIO. September 27. rV British Industrial Mission arrived and was entertained by M. Ilirota and other Government nfficial< and industrialists. The AHssion visits factories until October "th and then departs .for Manchukiio.