COMMERCIAL

Southland Times, Issue 24339, 21 January 1941, Page 2

COMMERCIAL

MEAT EXPORT SEASON THREE MONTHS’ KILLINGS Killings for export at New Zealand freezing works this season from October 1 to January 4, according to the returns issued by the New Zealand Meat Producers’ Board total 1,801,195 freight carcasses. Killings during the first three months of the 1939-40 season to December 31, 1939, the nearest comparable date, were 1,501,021 freight carcasses. Lamb killings total 1,904,085 carcasses (North Island 1,531,398, South Island 372,687) compared with 1,669,849 carcasses for the comparable period last season (North Island 1,369,624, South Island 300,225). Wether mutton killings this season have been 20,162 carcasses compared with 83,579 in the corresponding period of last year; and ewe mutton 18,672 carcasses compared with 39.680. This season’s increase in pork production is being maintained. Details arc as follows, the figures for last season being shown in parentheses:— Carcasses Porkers 6,050 ( 7,601) Baconers 119,233 (84,663) Choppers 4,580 ( 1,934) Frozen beef production for the three months reached 33,515 quarters compared with 7977 in the corresponding period of last season. Killings of other classes of meat (expressed in 601 b freight carcasses) from October 1, 1940, till January 4, 1941 (with figures for the previous season in parentheses) are as follows:— Boneless beef 59,649 (88,161) Boneless bobby veal 81,013 (62,764) Sundries 69.151 (56,979) COMPANY NEWS BROKEN HILL PTY. LIMITED (United Press Association) WELLINGTON, January 20. The directors of Broken Hill Proprietary Ltd. have decided to make an ; issue to shareholders at par of about £2,500,000 worth of shares of £1 each. The additional capital is required to assist in meeting the expenditure involved in the establishment of shipbuilding, the manufacture of magnesium, the manufacture of ferro alloys, the completion of the blast fur- i nace at Whyalla and other projects in the extensive programme of development upon which the company is now engaged. New shares in the company are being offered to shareholders in , the proportion of 22 to every 100 : shares of their holding as on February , 14 next with a proviso that fractional parts of less than one-half share will be disregarded and fractional parts of one-half share or more will be regarded as one share. The Stock Exchange Association of ; New Zealand advises that, on the an- | nouncement at the beginning of the ; year of the possible new issue of shares | by the Broken Hill Proprietary Com- ■ pany, it approached the Reserve Bank : with the request that extended facilities I be granted for shareholders to take up ■ their quota. From inquiries made again | today at the Reserve Bank it is under- ! stood that consideration is being given i to the question of providing facilities, ■ on a favourable basis, to enable the j existing holders to take up the amount of the new issue to which they will be ■ entitled. Particulars are expected to be | available in about a week.

WELLINGTON ALLUVIALS LIMITED (United Press Association) DUNEDIN, January 20. ' Wellington Alluvials Limited an- ' nounce that during the four weeks i ended January 4 the dredge worked ; 443 hours, handling 234,000 yards of j material, and recovered bullion estimated to contain 977 ounces of fine i gold. I CLUTHA RIVER DREDGE I* (United Press Association) DUNEDIN, January 20. The Clutha River Dredge return was 550 z for lOS hours. STOCK EXCHANGES DUNEDIN i j Sales.—l p.c. Stock 1946-49 £10315-; 4 1 p.c. Stock 1940-43 £102; Mackintosh-Caley- • Phoenix 9/ z -: Mosgiel Woollen £lO/10-; ’ Milburn Lime £l/17/6; Electrolytic Zinc • (ord.) £2/14/3. | CHRISTCHURCH I Sale on ’Change.—Bank of New South I Wales £29 10/-. | Sales Reported.—New Zealand 3lj p.c. j Stock 1960 £lOO/15/-; New Zealand Guar- | antec Corporation 3/-; Electrolytic Zinc • (cum div.) (ord.) £2/14/-; Mosgiel WoolI lens £lO 10/-: Masonite £l/3/-; New Zca- ( land Newspapers £l/12/9. WELLINGTON i Sale (late Friday).—National Insurance 19 I Sales (Monday).—Bank of Australasia AIS i 15/-; South British Insurance £2/10/9. AUCKLAND Sales. —Bonds 1953-57 3Vi P-c. £lOO (late salei; Stock 1940-43 4 p.c. £lOl/15/-; Auckland Transport Board 1949 4Vi p.c. £lO3 10/-; Bank of Australasia £B/15/- (late sale); New Zealand Insurance £3/3/9 (2); South British £2/10/9 (late sale): Broken Hill Proprietary £2/6/3, £2/6/6 (both late sales): Colonial Sugar £52/5/-; Farmers’ Trading 19/3; Masonite £l/2/11; New Zealand Newspapers £l/12/9; Wilson’s Cement [ 18/9; Woolworths (N.Z.) 14/6; Rawang Tin 8/10 (2). SYDNEY (Received January 20. 11.10 p.m.) SYDNEY. January 20. The investment market was strong on I the Stock Exchange today. Trading was fairly widespread. Sales.—Mount Morgan 12/-; Morts Dock 19/I'/s: Tooth’s Trading £2/14/3; Woolworths (New Zealandt 13/-; Drug Houses £l/8/I’,a! Associated News 13/11; Broken Hill Proprietary £2/5/6; Colonial Sugar £4B/2/6; Bank of New South Wales £27 17/-; Henry Jones £2/13/-: Arahura (deferred) 19/6: Australian Consolidated Industries (paid) £l/19/3. MELBOURNE Sales—Herald £2/13/6; Coles (ex div.) £3/7/3; Commercial Bank of Australia 14/1; Loloma £l/7/3.