COMMERCE AND FINANCE

Otago Daily Times, Issue 24630, 11 June 1941, Page 2

COMMERCE AND FINANCE

DUNEDIN STOCK EXCHANGE YESTERDAY'S SALES DUNEDIN Sales Reported £ s. d. N.Z. Paper Mills 1 10 6 Emperor Mines .. .. .. .. 0 110 AUCKLAND Sales on 'Change.—Stock, 31/5/54-58, 4 p.c, £106; Bank of New Zealand, £1 16s sd; Union Bank (2), £6 10s; Goldsbrough, Mort (odd lot), £1 4s 6d; Pukemiro Coal, 16s 9d; Farmers' Trading, 18s 9d; G. J. Coles, £3 2s; Taranaki Oil Development, 2s; Moturoa Oil (ord.), 2s 6d; Reid Rubber (rights), 3s 6d; Wilsons Cement, 19s. » WELLINGTON Sales on 'Change.—Leyland O'Brien Timber (late Mon.), 15s 3d; British Tobacco (late Mon.), £2 5s 6d; Wilsons Cement (late Mon.), 19s 3d; Woolworths, Ltd. (late Mon.), 16s; 4 p.c. Stock, 1955, £lO6 15s; Bank of New Zealand, £1 16s 6d; Bank of New South Wales, £27 10s; New Zealand Guarantee Corp., 2s: Woolworths, Ltd. (6). 16s. CHRISTCHURCH Sales on 'Change.—Broken Hill Proprietary, £2 2s 6d; Maori Gold, 4d. LATEST QUOTATIONS GOVERNMENT LOANS

MINING NEWS NEMONA RETURN The Nemona Gold Dredging Company, Ltd.'s return for the week ended June 7 was 14 ounces in 102 hours (7300 yards). ALEXANDER RETURN The Alexander Mines, Ltd.'s return for the month'of May were: Battery department, 206 tons of ore crushed for 86oz 7dwt of melted gold. Cyanide department, not cleaned-up. In addition, 5.5 tons of concentrates were saved valued at £176. In. estimating the above values gold; has been taken at 160 s per fine ounce. PATO CONSOLIDATED The directors of Pato Consolidated Gold Dredging, Ltd., have declared a dividend of 12 cents (Canadian) per fully paid share, payable on June 25 to shareholders recorded on June 4. AUSTRALIAN STOCK EXCHANGES (Rec. 10 p.m.) SYDNEY, June 10. Yesterday's improvement in the share market was well maintained to-day, price rises far exceeding the falls. The Morning Sales.—Commercial Bank' of Australia, 13s Id; Australian Gas (A), £4 17s; Burns, Philp, £2 9s 6d; Electrolytic Zinc, £2 13s 3d; Henry Jones, £2 8s 6d. Additional Sales.—Bank of New South Wales. £26 10s; Mercantile Mutual Insurance. £1 9s 3d; Bond's Industries, £1 6s 6d; Bond's Industries (rights), 5s sd; Mort's Dock, 19s 6d; Mark Foys, £1 0s 6d: Wilcox, Mofflin, 9s; Broken Hill Proprietary, £1 19s 3d; Rawang, 8s 2d; Bulolo, £4 15s; Emperor. 10s; Oil Search, 6s Id. MELBOURNE, June 10. National Bank (£lO paid), £ll 10s; National Bank (£5 paid), £5 12s; Carlton Brewery, £3 0s 3d; Australian Foundation Investment Trust, 3s 9d; Emperor, 9s 9d; Loloma, £1 3s; Broken Hill Proprietary.' £1 19s 3d: South Broken Hill. £1 2s 9d. FELT* AND TEXTILES, LTD. The directors of Felt and Textiles of Australia, Ltd., have declared a dividend on the 6 per cent, second preference shares for the half-year ending June 30, payment to be made on July 1 next.

LORNEVILLE SALE APPRECIATION IN VALUES (P.A.) I INVERCARGILL, June 10. The entry of fat cattle at the Lorneville stock sale to-day was very small and consisted mainly of aged and unfinished cows. Competition was keen for all classes and a general improvement of about £1 10s a head was\recorded. Prime heavy-weight bullocks made from £ls 10s to £l6 15s, medium-weights £l3 10s to £l4 10s, handy-weights £l2 to £l3, and light and unfinished £9 to £lO 10s; good quality cows realised £lO to £lO 15s, medium £8 5s to £9 ss, aged £4 10s to £5 10s; good quality medium-weight heifers £lO to £lO 15s, lightweights £9 to £9 15s, and small £7 15s to £8 ss. There was another full yarding of fat sheep that were of good quality. The sale was a sound one from beginning to end, with values for all classes firm at 6d to 9d a head better than last week. Prime heavy wethers brought from 28s to 30s, medium-weights 26s to 27s 6d, lightweights 24s to 255, unfinished 21s to 235; good butchers' ewes 14s to 15s 9d, medium quality 12s 6d to 13s 6d, unfinished 10s 6d to lis 3d, and freezing ewes 14s to 17s. The entry of fat lambs included some pens of good quality sorts. Competition was keen from export buyers and prices were up to the full export schedule rates. DEVONPORT FERRY COMPANY (Special) AUCKLAND, June 10. The Devonport Ferry Company has announced a final dividend of 2J per cent., making 5 per cent., unchanged, for the year.

Buyer Seller. £ s. d. £ s. d 31 p.c, 1953-57 .. .. 101 0 0 — 4 p.c, 1940-43 .... 101 0 0 — 4 p.c, 1943-46 .. .. 102 0 0 — 4 p.c, 1946-49 .. .. 103 0 0 — 4 p.c, Nov., 1948 .. 102 0 0 — 4 p.c, 1952-58 .. .. 106 5 0 — War Loan, 1953 .. .. 83 0 0 — BANKING N.S.W. (£20) .. •• —. 28 0 0 N.Z. (£1) — 1 17 0 Commercial (10s) 0 13 10 0 14 0 Natl, of N.Z. (£2 10s) .— 1 14 6 Natl, of A'asia (cont; £5) .. .... .. _ 5 16 0 INSURANCE AN! — 6 12 VG 6 D SHU »PIi National (7s) .... 0 18 5 0 18 8 New Zealand (£1) .. . — 3 4 0 South British (10s) .. 2 U 9 • — Standard (£1) .. .. 3 0 0 — P. and O. Stock (£1) 1 5 0 — U.S.S. Co. (pref.; £1) 1 6 0 — MEAT, LOAN AND AGENCY N.Z. Refrlg. (pd.; £1) 0 16 6 1 N.Z. Refrig. (cont.; 10s) .. .... 0 7 1 — South. Froz. Meat (£l) — 1 12 6 Waitaki Farmers (£5) i . — 4 16 0 . Natnl. Mortgage (£2) — 1 16 0 N.M. (B issue: £%)-. 1 0 6 1 1 6 L. and M.-(ord.; £100) 26 10 0 — Perpetual Trust. (18s) ta li 0 — Trustees,' Exec (£3) t4 2 0 — Wright S. (ord.; £1) 0 19 9 Wright, S. (pref.; £1) 0 19 6 - — GAS, COAL AND OIL Auckland (£1) .. .. 0 5 6 Christchurch (£1)" .. — 1 1 2 Kaitangata (16s) 1 10 0 1 12 0 Westport (10s) .... — 1 3 4 W.-Stock. (ord.; 10s) 0 2 4 — W.-Stock, (pref.; 10s) 0 6 3 0 6 9 Moturoa Oil (pref.; 5s) ■— 0 5 0 WOOLLEN COMPANIES Bruce (ord.; £1) .. 1 1 0 Bruce (pref.; £1) .. 1 0 3 — Kaiapoi (ord.; 17s) .. 0 15 3 — Kaiapoi (cont.; 7s) .. 0 4 10 — Timaru (£1) '.. .. — 0 15 3 Wellington (pref.; £5) 6 15 •■ 0 — i ' MISCELLANEOUS A.C.I. (£1) .. 2 2 6 — Broken Hill Pty. (£1) 2 2 1 2 3 0 Charles Begg (£1) .. 1 1 0 — Consol. Brick (£1) .. — 0 7 0 Crystal Ice (£1) 2 7 0 — D.I.C. (pref.; £1) .. 1 3 9 — Dom. Fert. (£1) .. 1 1 0 1 5 6 Dom. Rubber (£1) .. — 1 0 0 Donaghy's Rope (£1) — 2 12 9 I.C.I. (pref.; £1) .. 1 3 6 — Milburn Lime (£1).'... — . 1 18 0 Natl, Electric (£1) .. P 19 6 1 0 6 Farm. Fertlsr (pref.; £1) ..-.., .; >.. '- — 1 2 6 N.Z. Paper Mills (£1) 1 10 3 1 11 0 Regent Theatre (£1) — 0 19; 9 Wilsons Cement (10s) 0,18 9 —MS Woolworths (N.Z.; 5s) — 0 13 4 'Woolworths (N.Z.; £1) 1 16 3 —■.; Woolworths (Syd.; 5s) 0 15 11 0 16 3 W. Properties (£1*) 1 4 0 —"' Woolworths (S.A.; 5s) — 0 15> 9 BREWERIES 0 0 ll 0 Ballin's (£1) .• ■ V..... 0 10 N.Z. Breweries '(£!).' : 1 11 0 1 11 6 Dunedin (£1) ..■..% N ,\Jf%~ l-.\lr 9 MINING Broken Hill South (5s) .12 0 *■^/ Elec Zinc (ord.; £1) 2 12 0 Elec Zinc (pref;; £1) 2 14 0 _ Emperor (10s) .. .. — 0 ll: 6 Mount Lyell (£1) .. — 1 8 0 Mount Morgan (2s 6d) 0 8 9 0 9 3 Well. Alluvials (2s) .. 0 3 6 — Gillespie's Beach (Is) 0 0 1 : : ' — 0 0 10 . :-."■r," t Cum dividend.