COMMERCE AND FINANCE

Otago Daily Times, Issue 22212, 15 March 1934, Page 14

COMMERCE AND FINANCE

MOLYNEUX GOLD DREDGING >:;. COMPANY ISSUE ;OVER-SijBSCRIBED^. (United Press Association.) (By/ Electric LONDON, March 13. The Molyneux Gold Dredging Company of New Zealand's issue was heavily oversubscribed. The portion of the Molyneux River held by the company is that between Alexandra and Coal Creek. From Alexandra to the Fourteen Mile Beach the river is held by the Molyneux Electric Gold Dredging Company, Ltd., and the six miles below are held by Mr Nicholas Harliwich, of Roxburgh, and Mr Harman Reeves, of Dunedin. These two claims, comprising about 14. miles of river, were offered about a year ago to Messrs F. W. Payne and Son, of London. During the dredging boom of SO yeai-g ago several dredges •were operated on this stretch of river, and some of them gave weekly returns up to 400 oz. These dredges, however, were not powerful enough and did not have sufficiently long bucket ladders to work the river bed thoroughly, and when they did get to the • bottom good gold was found. It is stated that portions of the claims have never been dredged. In the opinion of certain mining experts, a large modern dredge working to a depth of 70 feet should secure good returns. LONDON WOOL SALES (United Press Association.) : (By Electric Telegraph—Copyright.) -: .:,LONDON, March 13. At the wool' sales 10,336 bale's were offered, including 3758, from New Zealand, and '5826- bales were sold with active and well-distributed competition. Priceg were at a firm level. Greasy merinos, New Zealand, • " Dumgree," top,--22d; average, 21gd. BtiLOLO SHARES ■ f. ■ : . (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, March 13. Bulolo abaree, £5 13s l'J'd. • PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, March 13. Fine gold ia quoted at £6 16a 3Jd per •uhce.v. -/> ■ - ■ ' ,-. ; DOLLAR AND FRANC (United (Press Association.) (By.Eiectrlc Telegraph—Copyright.) ': LONDON,' March 13. Exchange on New. York is quoted, at 5.09 $ dollars to the £, and on Paris at 77§ cents. - ' . ■ STOCK EXCHANGE '.% (United Preiia Astociation.) ' (By Telegraph—Copyright.) -- LONDON, March 13. Banks: Bank of Australasia, £lO 7s 6d (ex . dividend); Bank of New South Wales, £27 7s x 6d; Union Bank of Australia, £8 ss; National Bank of New Zealand, 64s lid; Bank of New Zealand (100 shar.es), 46$ 3d. Loan and Mercantile 4' per cent, debentures, £79 17s 6d; Ordinary stock, £42 10s. COLOMBO TEA SALES Mr L. M. Wright has received the following cabled report on the Colombo tea auction of; March-13 market for all grades was irregular, and" showed a further decline of two to three cents, highgrown teas being neglected. The quality off offerings, which amounted to 1,980,0001 b, showed a falling off. A total ofi 2,010,00.0.1 b-will -:be catalogued at next wejek'e sale. ...>. ;?,;\ ':> .:■■-, ■ :i P. AND O. STOCK P. and O. stock ia quoted aa follows:; — '■' - s/d." ; March 10 .... .... .. 19 4J -March 8 .. .. ... ........ 19 9 March 2 .. ..'. 18 3 - ' March 1 .. ~ .. .. .. 17 .9 > February 22 .. ...... 17 3j ■•» February 16 17 3

Messrs Fraser and Co., gelling agents forvOtago and Oamaru Egg Circles, report a»: under:—Eggs: Poultry farm eggs Is 4d|" others, Is 2d per dozen. Butter: Separator pats, 6d to 7d per lb; bulk, 7d-per lb. Tallow, 8g to 9s per ewt. Pigs; Good bacon-weights, sd';tdf*sJd ; p«r ; lb? overweights, 2d to 3d; porkers, flc] toVsjd per lb. Potatoes, 4 S 6d,to 5s 6d per cwt. Chaff, £4 to £4 10s per ton,* sacks extra. Whole fowl wheat, 4s to 4 S 3d per bushel.- Bulk- hopey, 3Jd «to £d<perlb; 10lb tins, to ss. Beeswax, Is.. Pdultry: White Leghorn hens, 2s 6d to 3s;. heavy breeds, 3s to ss; cockerels, light 4s- to ss, heavy 5s 6d to 8s;- roosters, 2g to 3s; ducks, 2s to 3s; ducklings, 5s to 6 S (all per pair). Turkey gobblers, 8d to 9d per lb.(live weight); hens, 7d to 8d per lb. , „ '. , ',"" , We stock "Palmer's" chick food, "National" meat meal, leg rings Is per dozen. (Special quotes for quantiWe are agents for " Champion "egg crates, "Isco" cod liver oil for poultry, prices on application. ■ ■ ~ , Consignors, please note that all pigs and-poultry must arrive not later than Wednesday morning of each week. We have a stock of poultry crates on hand for the use of our clients.

LOCAL AND OVERSEAS MARKETS.

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Business was done in Bell-Kilgours on the Dunedin Stock Exchange yesterday, two parcels changing hands at 7Jd. When the market closed buyers were still offering this price, but sellers were asking id more. There was also a sale of New Zealand Paper Mills at £1 10s 6d, and at the close of the market there was a buying quotation of £1 10s 3d. Sellers, however, were not prepared to accept less than fl 10s Bd. A sale of Goldfields at lOd also took place. A late sale on Tuesday of Gillespie s at 2s 3d was reported, and there were also reported sales of Standard Insurance at £3 0s 9d, the ordinary issue of Westport-Stocktons at Is 6d, Milburn Limes (ex dividend) at £1 10s 3d, and Waihis (two parcels) at £1 10s 9d. There was a* reported sale of Moonlight-IM elson Creeks at la 2d, further business at the same price being reported after the last call. SALES ON 'CHANGE.

NORTHERN EXCHANGES (Per United Press Association.) The following business. was done on 'Changes yesterday:— Auckland.—Sales: Stock, 1940, 4 per cent., £lO2 ss; ditto, 1946, 4 per cent., £102; Auckland Electric Power 13oard, 1940, £lO3 ss; Commercial Bank of Australia, 17s Id; Bank of New Zealand, 48s (four); Union Bank, £lO 6s; New Zealand Insurance, 57e 3d; South British, 755; Standard, 60s 6d, 60s 9d; Farmers' Co-op. (B pref.), 19s; Taupiri, 15s; ditto (pref.), 25s (two); Auckland Gas (cont.), 18s 4d; National Timber, '6s; Henry Jones, 33b 6d; New Zea-

PRODUCE

land Newspapers, 28s 6d; Northern Roller Mills, 325; Gillespie's Beach, 2s 3d; Mataki, Is 7d (two); Waihi, 31s. (two). Unofficial list: Skippers (9d paid), 10Jd, lOd (two). ! . . „ , Wellington.—Sales: Commercial Bank of Australia, 17s; Bank of New Zealand, 47s 9d; Union Bank. £lO 5s 6d; New Zealand Guarantee Corporation, 4s; New Zealand Refrigeratinc, 8s 2d (two), 8s 3d (both late Tuesday); Waihi, 30s 6d, 30s 8d 30 a 9d. Unofficial: Tru Colour Film (ord., 8s paid), 12s. Christchurch.—Sales: New Zealand Government 4 per cent. Inscribed, 1940, £102; Bank of New South Wales, £34 7a 6d; Bank of New Zealand, 48s (two); Wright, Stephenson, and Co. (pref.), 18e 3d: Mew Zealand Mortgage Security, 17s (two); New Zealand Refrigerating (10s paid), 8s 2d; Christehurch Gas, 28e 9d; New Zealand Breweries, 40s 2d (two); Timaru Brewery (7 S 6d paid). 4s lid (two); Tooths Brewery, 44s Id; Mount Lyell, 24s 4d; Brian Boru, 31s 9d, 31s 8d; Gillespie's Beach, 2s 2jd; King Solomon,(cum div.), 4s 4d, 4s sd; • Mahakipawa, 2d; Mining House Concessions, 4*d (two), sd, 4U (four); Rawang Tin (cum div.), 7s 2d. Sales reported: New Zealand Government 4 per cent. Inscribed, 1940. £lO2 5s (two); Bank of New iSouth Wales. £34 7s 6cl; New Zealand Insurance, 575, 57s 3d; Standard Insurance, 60s 9d; Mount Lyell, 24s 3d; Kaiapoi Woollen (17s paid), 10s 3d: Commercial Bank ot Australia. 17s Id; E.S; and.A. Bank, £5 15s; Henry Jones, 345; A.P.A., lie Id. U.8.A., 10s 6d;-Mount Lyell, 24s 3d; New Zealand Breweries, 40s 2d. SYDNEY STOCK EXCHANGE (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, March 14. Stock Exchange sales: Bonds (4 per cent)—l93B, £lO4 2s 6d; 1941, £lO4 15s 3d and £lO4 15s; 1944, £lO6 12s Gd. Bank of New South Wales, £34 12s 6d; Tooheys, 27s 6d: Associated News, 22s 3d; Associated News (pref.), 22s 6d; Australian Glass, 535; British Tobacco, 38s and 38s 6d; Colonial Sugar, £6i> 12 8 6d; Lustre, 24 a Winchcombe, Carson, 30s Hd'. ADDITIONAL SALES. SYDNEY, March 14..

MINING

(Received March 14, at 10 p.m.) On the. Stock Exchange there was a heavy turnover, and tin scrip was "» strong request. Quotations for gilt-edged and most classified stocks,underwent onlyminor alterations, while brewery shares strengthened. Additional sales were:— Bank of New South Wales, £34 12s 6d; Commercial Bank of Sydney, £18; National Bank (£5 paid), £6 10s; Colonial Sugar, £65 12s 6d; ditto (New Zealand delivery), £65 12s 6d; Associated News, 22s lid; Burns, Philp South Sea, 295; Berlei, 30s 9d; British Tobacco, 38 s Cd; Tooths, 44s 3d; Tooheys, 27s 6d; Australian Glass, 52s 9d; Dunlop Perdriau, 19s Ud (pref., 34s 3d); Goldsbrough, Mort, "S3s 9d; Winchcombe Carson, 30s lid; Wilcox Mofflin, 13s lOd; Morris Hedstrom, 17s;. Henry Jones (New Zealand delivery), 34s 9d; Lustre Hosiery, 24s 4Jd; Standard Cement, 17s 9d; Drug Houses of Australia, 18 s 7£d; United Provisions, 9s 9d; Mount Morgan, 21s 9d; Mount Lyell, 24s 6d; Broken Hill Proprietary, 465; South Broken Hill, 735; North Broken Hill, 9Ss 6d; Kuala Kampar, 14s 7d. MELBOURNE, March 14. National Bank (£5 paid), £6 10s 6d; Herald and Weekly Times, 52 fl 6d; Howard Smith. 15s lOd; E.S. and A. Bank, £5 14s 6d. v FOREIGN EXCHANGES

The South Island Dairy Association, Ltd., has received the. following market report from London: — .

Butter—Steady; 70s to 725. Danish, 87s to 88s.

Cheese. —Steady. White, 445; coloured, 44s to 465.

_ The Otago Farmers' Co-operative Association of New Zealand, Ltd., is in receipt of the following cablegram from London, dated March 13:— Butter, 71s, 725. Cheese.—Coloured, 44s 6d; white, 445, 44s 6d. Both markets gteady.

TALISMAN DUBBO DIVIDEND (Special to Daily Times.)

AUCKLAND, March 14. A dividend of 10 per cent., equal to 6d a share, has been declared by the directors of the Talisman Dubbo Gold Mines, Ltd., and is payable on March 28. This is the second distribution by the company, a dividend of 3d a share having been paid in December. GOLDEN PLATEAU The management of Golden Plateau N.L. has received the following telegram, announcing the result of the company's first crushing:—"Crushed to March 3, four weeks' full time, 1620 tons for 24440 z fine gold." This excellent result, which is a fraction more than 30dwt a ton, promises well for the future of the mine, as large ore reserves are available, and it is hoped that the first crushing was truly representative of the. whole. Monthly clean-ups will be made and output will be maintained a,t about 500 tons a week. v BELL-KILGOUR REPORT The secretary of the Bell-Kilgour Gold Mining Company, Ltd., advises receipt of report from the manager, dated March 10, reading as follows: —The main drive was advanced 17 feet through heavy wash and boulders, a little coarse gold being secured. Straightened up north-east block near airway. Pair gold was obtained here, and then the men shifted to SC, where a little gold was secured for 20 feet of driving. South of 5A drove 15 feet alongside of old workings, heavy gold saved here. No. 3 shift drove 17 feet for fine gold. BELL-HOOPER REPORT The report of the Bell-Hooper mine for the week ended March 9 is as follows: —All the men were .engaged on blocking out, except two men engaged on a diversion drive. This drive commences at a point 10ft south of station 8, off the No. 1 main drive, and in a straight line to the intersection of the No. 1 cross drive east and the No. 3 north drive. The objective of this drive is to transfer the main outlet level of the mine to the eastern side of the present mine workings and so allow the completion of the blocking-out work on blocks O.P.N, and R., alongside the No. 1 main drive. Bloeking-out work was in progress in blocks S.R.L; and-Y. The contractor up to March 10 has completed a distance of 304 ft, giving a progress distance of 42ft for the week. The ground driven through still is hard, blue clay with no water soakage. Three men are employed on the excavation work and the building of a stone-breast work on the river front, preparatory work to the erection of the plant at the No. 2 tunnel. The gold return for the week was 51oz 7dwt 12gr. WORKSOP DREDGING COMPANY^ The contractors building the dredge for the Worksop Dredging Company report that at March 12 the chafing beams .had been fitted to the pontoon and a start made with the decking. KING SOLOMON DEEP LEAD The development of the north end of the mine has been steadily persevered with, and is proving payable'wash still to be making in that direction. The formation is irregular, the height of wash varying at different-points and the bottom changing from chippy rock, pug or sand alternately over_ short distances. Owing to this irregularity of the bottom, three pumps are being used in places that are being driven to the dip, but already there are indications that the true dip is being defined when it may become possible to work the one place to. the dip for drainage. _ Driving to the west is exposing a fair grade of wash. \ Bed rock has made its appearance in.the north-west of this section, and agdrive. has.been driven to the rise in thisTrock. In the end of this drive it is intended to put an up rise to the surface for ventilation and safety. Driving to the dip in the .south-west of the northern section ' has been discontinued. There is a nice body! of payable wash opened up for 50ft of its course from the main drive, but at the 50ft mark it pinched out in the deep ground. Blocking out was continuous in the eastern section. The Kaka water race has been cleaned out for three miles. Another mile of ditching will complete this part of the work, and 18 chains, of fluming will then be made to complete the whole work. This is a fine water right, and a valuable addition to the existing water system' of the company.

CHARLESTON SLUICING COMPANY In his report to the directors of the Charleston Sluicing Company, Ltd., .(or the fortnight ended March 10, the manager (Mr S t Powell) states that during the early part of the period there was a shortage of water, and as sluicing time was consequently limited, necessary repairs were carried out. Since March 6 sluicing has been continuous, except for about three hours a day, which was taken up with washing cloths. On March 3 a wash-up returned 18oz 16dwt of gold, but this return included a certain amount of gold recovered from the tunnel and some before Christmas. " Since installing the new rails and hopper," states Mr Powell, " it has enabled us to sluice longer hours and also treat a greater yardage per hour. I estimate we will treat from 7000 to 8000 yards a week. Our water supply is second to none in this district," and it is most uhusual to have such dry spells here as we have had since Christmas." NEW CORNISH POINT The following report, dated March 10, has been received from the mine manager of the New Cornish Point mine:— For the past week the tunnel has been advanced Oft, making the total distance 160 ft from No. 1 chain peg. The country being driven through is schist rock which is short grained and not so favourable for blasting aa formerly. At this point the tunnel is approximately four chains from where the first cross section was taken, thus allowing room for the old channel to have turned. If this is the case the drive should not carry far in the rock before breaking out again into the wash. Work has been carried on with two shifts, two men on each, up to Thursday last. Since then an additional shift has been put on in the face with the two men available frorri v the wash bin. The latter (with the exception of some finishing off work) is well underway towards completion. AUSTRALIAN COMPANIES DIVIDENDS ANNOUNCED. Australian Knitting Mills, Ltd., has declared an interim dividend of Od a share on ordinary shares for the six months ended January 31 and an interim dividend of 3J per cent, nn preference shares for the six months ended December 31, both payable on March 29. Transfer books will be closed froni March 15 to March 28, both days' inclusive.' Directors of Amalgamated Zinc (De Bavay's). Ltd., have declared a dividend for the half-year ended December 31 at the rate of 5 per cent, per annum, payable on April IS. Dividend warrants will be posted to shareholders. Transfer books will close at 5 p.m. on March 12, and reopen at 10 a.m. on March 14. \ On April 3 Nestle and Anglo-Swiss Condensed Milk Company (Australasia), Ltd., will pay an interim quarterly dividend on preference shares at the rate of 8 per cent, per annum. Transfer books will be closed at noon on March 10. Transfer books of the Colonial .Gas Association, Ltd., will close at 5 p.m. on March 13 to 5 p.m. on March 29 for payment of dividend on that date. Amalgamated Wireless (Australasia), Ltd., has declared an interim half-yearly dividend at the rate of 8 per cent, per annum, unchanged, payable on March 23.

MARKET FOR HIDES HIGHER PRICES EXPECTED. Reporting on the hide market under date February 1, W. i Weddel and Co., Ltd., London, states:—"Hides seem to be on a sound basis at present and it is very unlikely that any weakening in the markets will take place. There may be a few temporary setbacks, but the long view appears to favour higher prices in the coming months. Leather continues to sell very slowly without any advances being made. There arc at present rather big stocks of the heavier sole leather bends, the disposal of which is by no means easy, and pome anxiety is felt by the tanners. On the other hand, mediumweight bends for light sole leather are selling to advantage."

LONDON METAL MARKET

(United Press Association.) (By Electric Telegraph—Copyright.)

NEW GUINEA GOLD SHARES (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, March 13. New Guinea Gold shares, Cs OJd. ADDINGTON MARKET (Pek United Puess Association.) CHPJSTCHURCH, March 14. Full yardings in most sections were forward at Addington to-day. Store Sheep.—There was heavy entry of very mixed quality. The sale started on poor sorts, and was easier. Later, when better quality showed, the drop was recovered. Good sheep sold throughout at late rates. Values: Good two-tooth Romney ewes, 32s to 34s 6d; medium, 28s 6d to 31s; medium threequarterbred, 30s to 31s; good half bred, ,32s Gd to 355; medium, 295.7 dto 31s 9d; ordinary, 26s to 28s; medium four and six-tooth halfbred, 28s to 30s; ordinary, 22s to 265; medium six and eight-tooth, to 245; ordinary six and eight-tooth ewes, 18s to 20s; good sound-mouth halfbred ewes, 21s 6d' to 23s 9d; medium, 19s to 21s; ordinary, 16s 6d to 18s 6d; good sound and failing-mouth, 14s 6d to 16s; ordinary, lis to 14s; inferior and aged, 7s to 10s 6d; ordinary young wethers. 17s to ISs.

Store Lambs.—There was a moderate entry and a steady demand, but scarcely as keen as last week. Values: Good ewe lambs made to 20s 4d; ordinary, 16s to 17s 3d; medium rape, 17s to 18s lOd; ordinary, 14s 9d to 16s 9d; ordinary store, lis 6d to 14s.

Fat Lambs.—The entry numbered 3500. The quality was not as good as last week, but there was a steady sale, weakening slightly towards the finish. Values: Show lambs, to 40s; extra prime heavy, to 32s Id; prime heavy, 23s to 25s 6d; prime medium weight, 21s 6d to 22s 6d; light, 17s to 20s. Fat Sheep.—There was a yarding of 6000 of mixed quality, and a good demand for best medium-weight ewes at a slight advance, though rough sorts, were easier. Values: Extra prime heavy wethers, to 28s lOd; prime heavy, 22s 6d to 255; prime medium weight, 21s to 235; ordinary, 18s. 6d to 21s; light, 15s to 18s; extra prime heavy ewes, to 24s 7d; prime heavy, 20s 6d to 21s Gd; prime medium weight, 18s to 20s 6d; ordinary, 15s to 17s: light, lis to 14s 6d. Fat Cattle.—A yarding of 460 was forward, and an erratic sale resulted. Steers were slightly easier, but the rest sold at late rates. Best beet made 21s Gd to 23s Gd per 1001 b; good, 18s 6d to 21s; heavy-weight, 16s to 18s; ordinary quality, 14s to 17s; rough, down to lis. Values: Extra prime heavy steers, to £lO 7s 6d; prime heavy. £7 15s to £9; prime medium, weight, £6 15 s to £8 10s; ordinary quahty, £4 5s to £5 6s; light, to £4; extra prime heifers, to £8 2s Gd; prime, £4 to £6; medium, £3 to £4; light, to £2 15s; extra prime rows, to £7 12s 6d; prime. £? 10s to £5 10s; medium, £2 5s to £3 Fs; light and aged cows, to £2. Fat Pigs.—A medium yarding met with a keener demand for both pork and bacon. Values: Choppers, 30s to £4 3s Cd; bacohers, 45s 6d to 52s Gd; heavy, 57s 6d to £3 5s 6d; extra, to £3 14s 6d; average price per lb, 4fd to. s £d; porkers. SOs to 32s 6d; heavy, 34s 6d to 39s 6d; average price per lb, 5d to 53d. NIPPON YUSEN KAISHA At an extraordinary general meeting of shareholders of . Nippon Yusen Kaisha, Japanese ship owners, at Tokio, on January 29, it was proposed to float an issue of 30,000,000 yen (normally £3,000,000) debentures for the purpose of converting half the amount of the 60,000,000 yen ("£6,000,000) loan floated in 1928, the other half to be redeemed out of the cash reserve of the company. The proposal was carried unanimously. The date of the proposed flotation, the denominations of loan certificates, the rate of interest, the manner of redemption, duration, issue price, and other terms and conditions of the new debentures were left to the discretion of the directors to decide. GOODYEAR TYRE (AUST.) Very much improved profitß are shown by Goodyear Tyre and Rubber Company (Australia) and the subsidiary company for the year 1933 at £140,520. The previous year the profit was £58,018. In addition to the preference dividend of 8 per cent., dividend of £BO,OOO is paid on the ordinary shares, equal to 16 per cent. Also, the item accrued dividend among the liabilities has disappeared from the balance sheet. After paying the preference dividend of £24,000 and the ordinary dividend of £BO,OOO, the balance of the profit—£36,B2o—added to surplus of £328,955 brought forward, makes surplus of £365,775 to be carried forward. BEATH AND CO., LTD. The premises in Lichfield street, Christchurch, near Cashel street, formerly occupied by Mr 11. B. Sorensen, auctioneer, have been purchased by Messrs Beatli and Co., Ltd., who intend to build on the site in the near future! The purchase price has not been disclosed. In making the announcement on Monday, Mr C. Ogilvie, manager of Beath's, said that the block occupied an area .of a-quarter of an acre, and would make the total area occupied by the firm more than three-quarters of an acre. The block had a frontage on to Lichfield street and two Vights-of-way. The building, which would be begun soon, would be an extension of the firm's present premises.

£ s. d. Bell-Kilgour (two sales) .. 0 0 74 1 10 6 0 0 in SALES REPORTED, Gillespie's (late Tuesday) .. 0 2 3 3 0 9 Westport-Stockton (ord.) .. 0 1 6 *1 10 3 1 10 9 Moonlight-Nelson Creek .... 0 1 2 0 1 H SALE REPORTED AFTER LAST CALL. Moonlight-Nelson Creek .... o i 2 The following are yesterday afternoon's buying and selling quotations, which are subject to the usual brokerage: — BANKING. "■ ■ Buyer. Seller. ■■ is. d. £ s. d. 13 6 0 N.S.W. 3i.fl*0 — New Zealand..... — 2 8 6 N.Z. (Long D) .. 1 12 9 — Commercial .... 0 17 0 0 17 3 E. S. and A 5 12 6 5 15 0 National of N.Z. .. 4 10 4 4 6 — INSURANCE. 0 18 9 New Zealand .... 2 16 9 — 3 1 0 SHIPPING. Huddart, Parker (pref.) ...... 153 — U.S.S. Co. (pref.) 1 5.0 — . COAL. 0 15 0 Westport Stockton (ord.) ...... 0 14 "rr 'LOAN AND AGENCI •Dalgety and Co. .. 10 5 0 Goldsbrough, Mort — .— 1 13 9 National Mortgage — 3 4 0 National Mortgage (B issue) .... 1 10 0 . —• N.Z. Loan and M. (ord.) 58 10 0 60 10 0 N.Z. Guarantee 0 4 2 Trustees, Executors 2 10 0 — Wright. Stephenson -" (ord.)v. .. ;. 0 18 9 . .— Wright, Stephenson (pref.) ,. .... 0 17 9 0 18 3 MEAT PRESERVING. N.Z. Refrigerating 0 18 1 N.Z. Refrigerating (cont:) .. .. .. 0 8 0 0 8 3 South Froz. Meat ." (paid) ...... 2 2 6 3 4 0 South Froz. Meat (cont.) Jl 10 6 1 12 0 South Froz. Meat 3 3 6 Waitaki ...... .. — 3 10 0 MISCELLANEOUS. British Tobacco : ..v; ;i 17: "9 Mim '•*£ Broken Hill iu,- : ' : ? v.\*V' ■">_/; Brown, Ewing (ord.) .. .. .. 0 19 9 — Brown, Ewing (pref.) .... .. 1 6 0 f 12 0 Bruce Woollen . (pref.) v: :.'-..- 1/0.0 — -Crystal "IceV;-. .;'■'-" : '-■ 2 ' 0 0 D.I.C. (ord.) .. 0 14 6 — D.I.C. (pref.) .,. 12 6 — Dominion Fertiliser 0 17 3 6 17 6 Dominion Fertiliser (Debs:) ...... 103 0 0 . Rominion Rubber > — 1 0 0 Electrolytic Zinc (pref.) ... .... 1 14 0 * t* ■ __ Kaiapoi Woollen b ii 0 Kaiapoi Woollen (pref.) 0 14 6 —. Milburn Lime .. 1 10 0 Mosgiel Woollen .. 9 10 0 10 2 0 Mount Lyell .... 141 1 4 5 National Electric 0 4 6 N.Z. Drug Co. .. 3 15 6 N.Z. Newspapers — 1 10 0 N.Z. Paper Mills 1 10 3 1 10 8 Regent Theatre .. 0 19 0. 10 6 .; , .,- BREWERIES.: •>i : N.Z. \ Breweries/,). 2 0 0 i 17 6 ;■■.'. ' ■■ oil- ■-. Moturoa:.? .. .... 0 3 6 Moturoa" (pref.). .''.:'." ~ - ~ : 0 3 6 . MINING. Waihi ..■ W\\ .. riOs 6 ■ -_ ; Waihi Grand Jctn. — 0 4 11 Molyneux Electric 0 2 3 0 7 6 Okarito .. .... 0 9 9 0 10 0 Paddy's Point '.." 0 2 6 0 3 6 Golden Progress .. — 0 1 6 King Solomon ■'.. — 0 4 5 Gillespie's Beach 0 2 2 0 2 3J 0 5 4 Big River .... — 0 0 11 0 1 8 Upper Shotover .. 0 2 0 Central Shotover 0 10 0 1 tl Bell-Kilgour .... 0 0 7} 0 0 8' Bell-Hooper .. .. 0 0 ll| 0 1 0 Ox.e.nbridge ... .. 0 0 10 0 0 11 Aotearoa '., — 0 0 10 0 1 9 Moonlight-Nelson *. 0 1 21 0 1 0 Bendigo Goldlight 0 0 7 0' 0 8 Charleston .. .. 0 1 6 0 1 9 0 1 04 Goldfields .. .. .. 0 0 9 0 0 10J GOVERNMENT LOANS. 3J p.c, Ins., 19381943 '.;';. 102 5 0 3J d.c. Ins., 19381952 102- 5 0 _ i 3J p.c. Ins., 193D1943 102 5 0 _ 3J p.c. Ins., 1939- _ 31 p.c. Ins., 1941- _ 3i p.c. Ins., 19411952 . .... 102 5 0 _ 4 p.c. Bonds, Jan., j 1940 .. .. .. .. 101 15 0 _ 4 p.c. Ins., Jan., 1940 ........ 101 15 0- _ 4 p.c. Bonds, Feb., ! _ 4 p.c. Ins., Feb., _, 4 p.c. Bonds, April, 1949 102 15 0 _. i p.c. Ins., April, 4 p.c. Bonds, June, _. 4 p.c. Ins., June, — **Ex dividend.

(British Official Wireless.) :', (United Press'Association.) (By Electric Telegraph—Copyright.) BtJGBY, March 13. Paris— Par. Mar. 12. Mar. 13 Francs to £1 124.21 77.5-16 77 7-16 Brussels — Belgas to £1 SO 21.83 21.86 Oslo- • Kroner to £1 18.180 19.90 19.90 Stockholm— ' Kroner to £1 18.150 19.31s 19.391 Copenhagen- « Kroner to £ 1 18.150 22.40 22.40 BerlinMarks to £1, .. 20.43 12.81 12.33 Montreal — Dollars to £1 4.86 2-3 5.081 5.091 New York — Dollars to £1 4.86 2-3 5.08% 5.09% Yokohama — Pence to yen .. 24.582 14 7-32 14 3-16 Hongkong— Pence, to dollar 24.58 18J 18i Bombay— Pence to rupee — 18 3-32 , 18 3-32 Batavia— Florins to £1 12.10 7.52 7.52 Milan— Lire to £1 .,. 82.46 59% 59 7-16 Amsterdam — - Guilder to £1 12.107 7.56 7,571 _ ' . .,'•- ;. Kroner' to £1 1041 122% 1223 GenevaFrancs to £1 25.22} 15.75 15.78 Vienna— Schillings to £1 84.863 23 28 Helsingfors— Marks to £ 1 193.23 2261 2261 MadridPesetas to £ 1 25.231 37 5-16 87% BelgradeDinars to ; £1 25.22 J 223 225 Athens — Drachma to £1 375 530 530 Lisbon— EscudOs to £1 110 109 % ?09% Bucharest— f Lei to £1 931.6 510 510 Rio de Janeiro— Pence to mtlrels 5.890 4% 4% Buenos Aires— Pence to pesos 47.28 361 861 ShanghaiPence to tael — 161 16 9-16 MontevideoPence to pesos • — 381 38% Warsaw— Zlotys to £1 .. '_ __ ■ . ,,

LONDON. March U. (Received Mar ch 14. a it 11 era.) The following are th< ! official meta il Quotations '•~ Copper, spot .. .. £33 3 m Fall £0 1 S Copper, forward .. .. 33 B 10tt Fall 0 3 s Electrolytic, spot ,. .. 36 0 0 No change Electrolytic, forward .. 36 10 0 No change 38 10 0 No change 11 16 0 Rise 0 S » Lead, forward .. .. 12 0 0 Rise 0 S 6 Spelter, spot .. .. 14 15 0 No change Spelter, forward .. .. 15 2 6 No change 230 T 0 Rise 2 0 0 Tin, forward .. .. 234 11 3 Rise 1 2 6 Pig iron, home trade .. 3 7 6 No change Antimony. British S9 10 0 No change Antimony, foreign 24 6 Oz. 0 Rise 0 2 a Sllrer, standard .. .. 20%d Fall %d / 22»Ad Unit FaU %d 1 17 0 Fall 0 0 0 Wolfram 1 14 0 Rise 0 3 0