COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18234, 1 November 1933, Page 11

COMMERCIAL

MINING NEWS In announcing the first interim dividend at the rate of 2s a share from profits derived in Queensland, the directors of Mount Morgan, Limited, state that calculating gold at £7 10s a fine oz., and copper at £37 a ton (both Australian currency), and on the basis of existing industrial conditions, they anticipate after providing reserves to meet future development and increased output and a welfare scheme for the employees at the mine, being able, from now on, to pay quarterly dividends at the rate of 2s a share. The current dividend will he payable on December 27^ Sufficient supplies of maize are coming forward for requirements, reports the Auckland Herald. The demand eased slightly on account of the warmer weather which was experienced. Growers with stocks are busy preparing nest season’s crops, and in many cases are not anxious to sell. "Values remain unaltered, and prices seem likely to hold steadily on account of the firmer tone in other produce lines. Present values on spot range from 4s to 4s 3d a bushel through store.

(Per Press Association.) AUCKLAND, this day. Bales on ’Change: Bell Kilgour, Is 3d; King Solomon, 3s 2d; New Zealand Refrigerating, con., 9s lid; Commercial Bank, 17s; Mt. Lyell, 23s Id; Broken Hill, 40s 9d; Bycrofts, 40s 6d; Bank of New Zealand, 47s 3d; Governmicnt Stock, 31 per cent, £101; Goldsbrough, Mort, 30s Id. WELLINGTON, this day. Sales on ’Change: New Zeuland Refrigerating, 9s Ud (2); Alexander Mines, 17s 6d: Bidolo Gold, 88s 9d; Executors’ Trust, B. £9B. CHRISTCHURCH, this day, Sales on ’Change: Government 4 per cent, inscribed stock, 1955, £lOl 12s 6d; Bank of New South Wales, £34; Bank of New Zealand, 47s 6d (2), 47s 5d (2), 47s 4d (3); Goldshrougli Mort, 30s (4), 30s Id ; New Zealand Refrigerating, 10$ naid, 9s lid (7); Westport Coal, 13s 9d, Beatli and Company, Is paid, 6s “Dunlop Rubber) 18s 9d; Electro Zinc, pref., 35s 3d; Mt. Lyell, 23s 3d; Lawson’s Flat, 3d (2); New Cornish Point, Is paid. Is Id (2): Waitahu, 6s 8d (2), 6s 7d.