COMMERCE AND FINANCE

Otago Daily Times, Issue 24855, 3 March 1942, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET YESTERDAY'S SALES Dunedin.—On 'Change: Bank of New Zealand. £1 17s. Reported; Woolworth’s (Sydney), 12s; 4 per cent. Stock, 1954-58, £lO6 10s. Auckland.—Sales on ’Change; South British, £2 11s; Auckland Gas, 5s 9d; New Zealand Breweries, £1 12s lOd; Colonial Sugar, £37 10s; Wool worths Holdings, 71s 6d; Woolworths (Sydney), 12s; Woolworths (New Zealand), 12s 3d; Waihi Investments, 2s 3d. Wellington.—Sales on 'Change: 2i per cent. Stock. 1946, £96 15s; 31 per cent. Stock, 1960, £lO2 10s; 4 per cent. Stock, 1948, £lO5 2s 6d; 4 per cent. Stock, 194649 £ 104 Christchurch.—Sales reported: 21 per cent. War Loan, 1946, £96 15s; 31 per cent. Inscr., 1960, £lO2 10s; 4 per cent. Inscr., 1954-58, £lO6 10s; New Zealand Breweries (late Friday), £1 12s 8d; New Zealand Breweries, £1 12s 6d. Unlisted stocks: Associated Gold Dredges (15s paid), 10s, Local Quotations Government Loans.—3l p.c., 1953-57, b. £102; 4 p.c., 1943-46. b. £IOO 10s; 4 p.c., 1946-49, b. £lO3 15s; 4 p.c. Stock. 1949-52, b. £lO5 15s; 4 p:c., 1952-55, b. £lO5 15s; 4 p.c.. Stock. 1954-58, b. £106; 3 p.c. Nat. Dev. Loan. 1945, b. £99; 3j p.c. Nat, Dev. Loan, 1956-59, b. £100; 34 p.c. Con. Loan, 1957-60, b. £lOl ss; War Loan, 1953, b. £B7 2s 6d; 21 p.c. War Loan, 1946, b. £96; 3 p.c. War Loan, 1951-54, b. £97 ss. Banking, Insurance, and Shipping.— A’asia (£5). s. £8 12s 6d; N.Z. (£1), b. £1 16s 6d. s. £1 17s 6d; N.Z. (Long D, £1), s. £1 10s 6d; National (7s), s. 18s 9d; South British (10s), s. £2 13s; Standard (£1), s. £2 19s 6d. Meat and Agency,—N.Z. Refrig. (10s), s. 8s; South. Froz.-(ord., £1), b. £1 12S 6d; South Otago (£5), b. £5 2s; Waitaki Farmers (£5), b. £4 10s; Natl. Mortgage (£2), s. £2; Guarantee Corp. (3s). s. 3s. Breweries, Gas, Coal, Oil, and Wool.--N.Z. Breweries (£1), s. £1 13s 9d; Kaitangata (16s). s. £1 13s; Westport (10s). s. £1 4s 6d; W.-Stockton (ord., 10s), b. 2s sd; Bruce (ord., £1), s. £1 4s; Bruce (pref., £1), b. £1; Kaiapoi (cont., 7s), b. 6k 4d; Kaiapoi (pref., 17s), b. 18s 6d. s. £l. . * '■ Miscellaneous.—Booth Macdonald (pref.. £1), s. 5s 3d; C. Begg and Co. (£1). b. £l, s. £1 2s; D.I.C. (ord.. 10s). b. 14s 6d; D.I.C. (pref., £1), b. £1 4s 3d; Dorn. Fertiliser (£1), s. £1 2s 9d: Donaghy’s Rope (new issue), s. £2 9s; MacDufTs (ord.. £1). s. 9s; MacDufTs (pref., £1), s. Cl Is 6d; N.Z. Paper Mills (£1). s. £1 13s 6d, Regent Theatre (£1), s. 19s: Wilsons Cement (10s), s. 18s: Woolworths (pref.. £1), b. 11s 6d; Sharlands. b. £l. Mining.—Mount Lyell (£1), s. £1 3s 6d. MINING NEWS BIG RIVER’ .MINES The report of the Big River Gold Mines for.the month of February Is as follows; No 7 Level: Intermediate off winze— Th" face of this drive is a distance of 37 ieet south from the winze. The reef has averaged 24 Inches in width, and maintains good values. No. 6 Level: All the ore in the stope north of the winze has been extracted, and filling is now in ‘ progress preparatory to rising for a fresh stope. Main shaft—The shaft has been sunk and re-tlmbered for a depth of 105 feet below the No. 7 chamber plat. Ninety-two tons of ore were sent to the battery, the total tonnage for the crushing period from January 13, 1942, to date being 149 tons. GILLESPIE’S BEACH RETURN The secretaries of Gillespie’s Beach Gold Dredging Company, Ltd., report mat the wash-up for the two weeks, ended Saturday, February 28, was 550 z lOdwt for 171 hours, from 21,141 cubic yards. OKARITO RETURN The secretaries of the Okarito Five Mile Beach Gold Dredging Company. Ltd., report a wash-up of 14oz of gold as a result of 152 J hours’ dredging. ASSOCIATED GOLD DREDGtS (P.A.) TIMARU, Mar. 2. The return of Associated Gold Dredges for ; the week ended .February 27 was 121x>z from 35,000 yards. g'pk : ” IMPERIAL CHEMICAL INDUSTRIES DIVIDEND CAPITALISED (PA) WELLINGTON. Mar. 2. Imperial Chemical Industries of Australia and New Zealand, Ltd., announce that, after providing for taxation at the current rates and for depreciation, the net profit for the year ended .September 30 was £347,043, compared with £396,914 last year. In view of the capital expenditure on projects being undertaken during the year in connection with the war effort, the directors propose to recommend that a 5 per cent, dividend on the ordinary shares, amounting to £213,940, be capitalised and distributed pro rata to ordinary shareholders in the form of fullypaid ordinary shares. , TIN STATISTICS * According to the Tin Research Institute’s Statistical Bulletin, revised figures for world production of tin give a total of 209.500 long tons for the first 10 months of 1941, as against 187,600 tons in me first 10 months of 1940. The Netherland East Indies and Malaya were the largest exporters in October. ! The United States deliveries In the first 11 months of 1941 were 135,642 tons, compared with 106,139 tons In me corresponding period of 1940. The tin consumption of the United Kingdom totalled 24,879 tons In the first 10 months of 1941. against 24,904 tons in the corresponding period of 1940. World stocks of tin, including smelters’ stocks and carry-over, increased by 4736 tons during October, 1941, to 51,465 tons at the end of the month. Stocks at the end of October, 1940, were 53,890 tons. TAPANUI STOCK SALE The first • stock sale of the year conducted by Messrs Dalgety and Co., Ltd., was held oh Friday, when there was a good yarding, laigely consisting of store lambs. There was a good attendance of buyers, Including several from Eastern Southland. The sale was a good one, and a complete clearance was made, with the exception of a small line of overweight ewes. The following were the sales: 70 two-tooth ewes 295, 60 27s Id; 17 two and four-tooth wethers, 25s 9d; 9 two-tooth wethers 24s 3d, 8 225; 77 fail-ing-mouth ewes 9s sd, 30 6s lOd, 23 4s; 76 ewe lambs 23s 7d, 22 22s 3d. 81 18s sd; 36 small m.s. lambs, 8s Id; 82 fat and forward Wether lambs, 225; 24 wether lambs 20s, 92 16s 2d, 182 16s, 80 10s 6d. PROPERTY SALE Messrs Alex. Harris, Ltd., report having offered by auction yesterday a freehold property situated at No. 60 Fitzroy street. Caversham. together with a brick villa of four rooms. The property was offered Under instructions from the executor of the estate of Mr Alexander Mitchell. After spirited competition the property was knocked down to Mr D. Sawers for £595. Scott Bros., produce merchants and commission agents, registered egg and onion merchants, report:—Eggs: For consignments received on February 23 to 27, inclusive, pay-out values to clients will be as follows: Heavy, 2s 2d; standard, 2s; medium, Is Bd. Separator butter, 9d to lOd per lb. Poultry: Hens, Is to Is 6d each: heavy breeds, 2s to 2s 6d each; ducks, Is 9d to 2s 6d each; ducklings, 2s 6d to 3s each; roosters, Is to Is 6d per head; cockerels —light, Is 6d to 2s 6d each; heavy, 3s to 4s each; geese, 3s to 4s each; goslings, 3s 6d to 4s 6d each. Turkeys: Gobblers. 9d to lid per lb; hens, 8d to lOd per lb. Potatoes: Outram and Oamaru supplies increasing, 7s 6d to 8s per cwt. Whole fowl wheat, to 27s per sack. Chaff; Prime oaten sheaf, £6 10s per ton, ex truck: £7 5s ex store, bags extra Whole maize, 8s 6d per bushel. Oyster grit, 6s 6d per 1001 b bag. Straw; Wheaten, 3s and 3s 6d per bale; oaten, 4s 3d per bale, ex store. Lucerne meal, 12s 6d per 901 b bag. Auckland onions, 9s per sugar bag; Canterbury, 13s centil bags. Eggs,—We grade all consignments to regulations over automatic weighing and candling machines. Payments weekly. March 2, 1942.