COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18529, 16 October 1934, Page 9

COMMERCIAL

AMALGAMATED WIRELESS

nnatEASE in dividend

Amalgamated Wireless (Australasia), Limited, has informed the Stock Exchange Association that the directors have declared a final dividend of C per cent on capital, payable on October 29. Transfer books will be closed from October 15 to October 29, inclusive.

. An interim dividend of 4 per cent wan paid itoMarch 23, making the distribution Tor the year ended June 30, 10'per cent, compared with 8 per cent in 1933, 7} per cent in 1933, 6 per cent in 1931, and 8 per cent in 1930 and 1929. BRUCE WOOLLEN COMPANY DIVIDEND 3 PER CENT

The year has been an abnormal one in that the fluctuation in wool prices has had the effect of making t trading conditions very uncertain, states the thirty-seventh annual report of the Bruce Woollen Manufacturing Company, Limited. Sale's show a substantial increase compared with the previous year. After writing off £4OOO for depreciation on plant anil promises, the balance, including £729 Is carried forward from last year, amounts to £6883 10s 7d. The directors recommend that a ittJfaiend on preference capital, amountto £2BOO, and also that a dividend of 3 per cent on ordinary capital, amounting to £3OOO, be paid, and that the balance of £IOB3 10s 7d bo carried forward. The dividend last year was 2 j per cent and was the first paid to ordinary shareholders for seven years. LONDON STOCK EXCHANGE LONDON, Oct. 12. On the Stock Exchange to-day, the stock markets were quiet, but the tone was steady. War Loan 3J per cent was quoted at £lO5 11s 3d. Silver mines wero inclined higher. f SYDNEY STOCK EXCHANGE SYDNES, October 13. Sales on the Sydney Stock Exchange to-day included: Commonwealth bonds, 4 per cent, 1959, £113; 1961, £lll 18s 9d; Commercial Bank of Sydney, £18; Bank of New South Wales, £32 125.6 d; Associated News, 255; Broken Hill Proprietary, 535; Colonial Sugar, £76; Dunlop Perdriau, 20s; Howard Smith, 16s; Lustro, 24s 9d; Winchcorfibc, Car-* son, 29s 9d. GOLD MINING RETURNS The Mahakipawa return was 370 z. for four days. The Bell-Hooper ■Cromwell gold,' Limited, return for the week ended October 12 was 4oz. 17dwt. 21gr. Brian Boru Dredge return last jfwk was 13oz. for 117 hours from il\Coo yards. Lawson's Plat Gold Sluicing Company, Limited, reports that wash-.-up for the two weeks ent&d October 8 resulted in 3@oz. Sdwt. of retorted gold. Yields of companies.—BellVKilgour (Cromwell): Last week, 30oz. 7dwt. Golden Dawn (Owharaa): For the 12 working days ended October 1, a total of 253 tons of ore was treated for a return of £1026, realisation estimated at £7 2b an ounce. King Solomon (Gore): Last week, oOoz. lOdwt. Central Shotover Gold Mining Company, Limited (Otago), Tcports that since the completion of the first paddock on July 30, a new channel was made for the river, and nearly seven chains of river bed, comprising maiden ground, was uncovered. Before this paddock could be worked an exceptionally heavy.flood occurred, which silted up the paddock and ; buried the elevator, and the river went back to its former’course. A fortnight was spent turning back the river with a view to recovering the elevator plant, and this waa almost accomplished when a further fresh occurred in tho river. A new elevator was purchased and installed at tho end of last month. Efforts were being made to divert the river again, which would expose good ground, and also enable the elevator to be recovered. A paddock of previously worked ground had been completed for a return of Boz. 14dwt. The following information has been cabled to tho London office of the Wnihi Gold Mining Company, Limited: For the period ended September 29, 29,074 tons of oio were crushed for a result of 4940 fine ounces of cold and 36,859 fine ounces of silver. This inclndes 1858 ijMms mined from' the' Grand Junction which yielded 5310 z. of gold and ib39oz. of silver, ‘ also '502 tons of residues, from tho old Waihi mill site, which yielded 650 z. of gold and 8670 z. of silver.

It is understood that freezing eomSaAies in the Hawke’s Bay district will egin killing this -week in order'to send' a shipment to England for the Christmas trade. It is anticipated that lower prices for wool and pelts will have an influence on the opening rates' for fat lambs. Nevertheless, it is expected that the opening prices will bo satisfactory for breeders. A loss of £2704 was made by the Rotoiti Timber Company for tho year • ended June' 30, after providing £2592 fCw depreciation of buildings and plant, arid £2161 for bush cut out. This compares with a loss of £6568 in the previous year. Kales during the year showed an improvement of £5659, and since June 30 a further increase has taken place, making the prospects for tho current year considerably brighter. No dividend is recommended.