COMMERCIAL

Grey River Argus, 17 June 1936, Page 8

COMMERCIAL

(Per Press Association.) AUCKLAND, June 16. Sales, morning call: Northern Steam 5/-. Morts. Dock 10/-, Hordern’s 18/6. Peter's Tee 24/6, Dominion .Breweries 26/6. Newspapers 42/-. South British 91/6. Transport Board 44/52 £lO4, Stock 43/46, £lO4/15/-, Waikato Carbon £9O. Sales, noon: P>rick 10/-. Bycroft’s ex-rights 41/6, Henry Jones 40/9. Woolworths (Sydney) £5/14/6. £5 14/3, Union Bank £9/12/-. DUNEDIN, June 15. Salos reported: Commercial Hank 19/2, National Insurance 18/4 (two), Broken Hill Proprietary £3/13/3. Contributing £2/10/3, Mount Morgan 15/8, Woolworths (Sydney) £5 15/6. After Call: Dominion Fertiliser, 25/3, ’Woolworths (Svdnoy) £5/14/-. CHRISTCHURCH'. June 16. Sales: Comm. Bank of Aust. 19/2. (4). N.Z. Rofrig. (£1 paid- 20/-' (3(. Aust. Glass (cum. div.) 93/-, 92/9, Broken Hill Proptv. 72/7, Hume Pipe (Aust.) 20/5 (2). Kouri Timber 23/6. Mahakipawa Id, Waimukn Sluicing fi’df Mount Lyell (cum. div.) 24/4, Mount Morgan 15/8. 15/7. Reported: Broken Hill Propty. (late sale 15th) 73/2, Alexander Alines (15/- paid) 14/2. Mount Morgan 15/9. Unlisted: Selfridge’s (new) 26/-, Selfridge’s (old) 25/9. WELLINGTON, June 16. Sales: Broken Hill 73/-, Mt. Morgan 15/10, 15/101, 15/9, Taupo Totara 10/-. Woolworths Ltd. £5/15/-. Shillings 11/7. 4 per cent. Stock 1946 £lO4/5/-. Huddart Parker 36/9, Dominion Breweries 26/6. Coles SO/-. 79/9, Mossy Creek 1/41. The. net profit of the Reserve Bank of New Zealand for the year ended March 31. 1936, amounted to £98,012 7/2. On this sum £70,000 was paid in advance to the Consolidated Fund. These details are revealed in the annual report, of the board of directors of the hank which was tabled in the House of Representatives by the Minister of Finance, Hom AV. Nash. LONDON. June 15. Gold 138/9, dollar 5021, franc 76 9-16. BRITAIN’S TRADE. LONDON, June 15. Board of Trade returns for ’May are:—lmports £69,178.000; exports. £36.396,0(1(1; re-exports £5.634.000. The principal increases compared with May last year are: Imports: Dairy produce £802,000; fresh fruit and vegetables £630.000, raw cotton waste £554,000. wool. raw waste £410.000, hides nsd skins £497.000, machinery £425,000. Exports, miscellaneous man ii facl iires £4(19.000, woollen worsteds £356,000. Re-exports: Non-ferrous metals maiiufnclures £350,000. Decreases; Imports, meat £599,000, rubber £(143,000. Exports: Coal £298,000, non-ferrous metals manufactures £212.000. Re-exports wool, raw waste £199,000. ALBERTA BOND INTEREST CUT. EDMONTON, Juno 15. No bondholders appeared at the Alberta banks to-day, to claim the interest due on two million dollars bonds, which Air. Aberhart had announced would be paid only at. three per cent, instead of five. A bondholders’ meeting had previously decided to refuse to accept, ami await developments.

Poverty Bay Oil

NO GOVERNMENT SEARCH. ■WELLINGTON, Juno .16. A denial that the State intended to search for oil on the East Coast was made by the Minister of Alines (Air. Webb). lie says that he wants it. made (dear that he made no such announcement. He recently, it is true, referred Io an intensive investigation by experts of the Hast Coast oilfields, but gave no indication, that the investigation of experts would be. in any way associated with (lie Government. Activities, if they eventuate, will be entirely sponsored by private interests. He has not been approached with any request for financial assistance from the Government towards the cost of investigation, or any subsequent operations. RUGBY, June .15. The produot.i’on of pig iron in the United Kingdom i n May amounted to 661,000 tons, compared with 629,800 tons in April land 558.900 tons a year ago. The of sice] in May was 963,000 .tons, against 98-1,200 tons in the previous month, ami 853,300 tons in Mav, 1935.