Finance and Commerce

Timaru Herald, Volume CXLVI, Issue 21323, 18 April 1939, Page 14

Finance and Commerce

, CHRISTCHURCH STOCK EXCHANGE l | YESTERDAY’S QUOTATIONS By Telegraph-Press Association CHRISTCHURCH. April 17. The following quotations were ruling when the Exchange closed for the day:— Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.— 31 per cent. Inscr., 15/1/53-57 ... 92 0 0 4 per cent. Inscr..

NATIONAL INSURANCE COMPANY INTERIM DIVIDEND By Telegraph —Press Association DUNEDIN, April 17. The directors of the National Insurance Company of New Zealand Limited have declared an interim dividend of 4d a share for the halfyear ended March 31, payable on May 16. MINING NEW'S Bv Telegraph— PrepF Assorint’<»n DUNEDIN. April 17. For the week ended Friday last, the Clutha dredge, working at Alexandra, recovered UOozs of gold in 100 hours.

DUNEDIN Grey River Gold (10/paid) 18 3 AUSTRALIAN STOCK EXCHANGES United Press Association— %‘ertntelegraph—Convrtr . (Received April 17. 9.55 p.m.) SYDNEY, April 17. A brighter tone continues on the Stock Exchange and leading Industrial shares are showing improvement. Barriers are also stronger.

FROZEN MEAT

SHIPMENTS TO BRITAIN The New Zealand Meat Producers Board is advised by cable from its London office that the shipments of meat to tlie United Kingdom during the month of March, 1939, were as follows: Australia Carcases mutton .. I 59,597 Carcases lamb 297,706 Quarters beef 'fi -- ) 75.613 Quarters beef (chilled) 56,445 South America Carcases mutton 25,563 Carcases lamb 484.821 Quarters beef (frozen) 4,937 Quarters beef (chilled) 576,889 South Africa Quarters beef (chilled) 6.998 New Zealand Carcases mutto.i .. 250.407 Carcases lamb 1,280,346 Quarters beef (frozen) .. .. 19,744 Quarters beef (chilled) .. .. 31,588

AUSTRALIAN GOLI) YIELD Because of a fall in the output from West Australian mines gold production in Australia during February showed signs of decrease for the first time for some years. Since 1930 there had been a steady upward tendency in production. The production of gold in February was 117.670 ounces valued at £1,077,567 compared with 126.703 ounces valued at £1.092,947 in February last year. In Western Australia there was a decrease in output of more than 11,500 ounces compared with the output of February. 1937. Increase in output was recorded in all other states. For the first two months of the year Australian gold production was 237, 3 ounces valued at £2.174.856 compared with 239.638 ounces valued at £2.066.163 in the corresponding two months last year. Production during the period in all the principal states was—New South Wales, 12,4010z5: Victoria, 17.4460z5; Queensland. 24.4050zs and Western Australia 176.9690z5.

“* pci Wills. A11SUI ., 1949-52 .... 97 10 0 4 per cent. Bonds, 1943-46 .... — 99 0 0 Banks — Comm, of Sydney 20 0 0 E„ S. and A. . . 5 4 0 5 9 0 National of N.Z. . 2 6 6 9 7 3 New Zealand . . . 1 18 3 1 18 6 Union — 8 3 0 Insurance— National .... 0 15 3 0 15 7 standard .... - 10 6 Loan & Agency— Dalgety — 7 5 0 Goldsbrough Mort. — 1 10 0 N.Z. Guarantee Corporation . . — 0 4 0 United Building . 1 0 0 .. Wright Stephensc t 1 0 0 1 2 0 Frozen Meat— Canterbury (pref.) 5 12 6 N.Z. Refrigerating (£1 paid) . . . 0 14 10 0 15 5 Southland .... — 1 7 6 Woollens— Felt & Textiles . . 1 11 0 1 11 6 Kaiapoi (17/- pd.) — 0 11 0 (7/- paid) . . . 0 3 0 0 3 6 Manawatu .... — 1 2 0 Coal— Westport .... — 1 2 0 Westport Stockton 0 3 7 0 3 11 (pref.) .... — 0 7 6 Gas— Auckland .... — 0 16 6 Christchurch . . . 1 3 1 3 0 Wellington . . . — 1 10 6 Breweries— Ballins 0 9 7 0 10 6 New Zealand . . . 1 17 6 1 19 11 Wards (in liqdn.) 0 0 4 0 0 9 Miscellaneous— Anthony Hordern 0 14 7 0 15 3 Beath and Co. . . — 0 17 0 British Tobacco 2 9 6 2 10 0 Broken Hill Pty. . 2 19 6 3 0 0 Burns, Philp . . . 2 14 9 — Colonial Sugar . . 48 0 0 — Donaghy .... 2 4 6 2 6 6 Dom. Fertiliser . . — 1 5 0 Dunlop Rubber . 1 1 0 1 2 0 Electrolytic Zin? (ord.). 2 5 6 Evans Atlas Flour 1 0 6 —

G. J. Coles .... 4 3 0 4 4 0 I.C.I. Aust. & N.Z. • pref.) .... 1 1 0 Kauri Timber . . 1 3 0 Herald & Weekly 3 3 0 Milburn Lime . . . — 1 13 6 MacduffsLtd. < pf) — 0 7 0 McKenzies Ltd. 2 1 6 N.Z.F. Co-op.— (44 p.c. stock. 1955) — 83 17 6 N.Z.F. Fertiliser . — 0 17 0 N.Z. Newspapers . 1 8 9 1 12 6 N.Z. Paper Mills . — 1 5 0 Quill Morris (1936) 0 16 9 1 1 0 Wilson’s Cement . 0 15 9 Woolworths. Ltd. (ord.) 1 2 9 1 3 6 Woolworths (N.Z.) (ord.) 0 17 3 0 18 0 (pref.) .... — 1 17 6 W. R. Carpenter . 2 2 6 — Aust. Mining— Broken Hill South 1 6 3 1 7 3 Mount Lyell . 1 6 6 Mount Morgan . . 0 10 0 — Mining— Alexander .... — 0 110 Austral (N.Z.) . . 1 3 10 1 5 0 Big River .... — 0 0 10 Grey River .... 0 18 0 0 18 3 New River .... 0 0 6 Worksop 0 0 9 —

STOCKS AND SHARES YESTERDAY’S QUOTATIONS CHRISTCHURCH Morning Call* Sales on ’Change— £ s. d. 100 N.Z. Refrig. (£1 paid) 100 Westport-Stockton Coal 15 0 'ordj .. .. 3 9 9 100 New Zaland Breweries 1 17 50 Grey River .. .. 18 Unlisted Stocks— 10G Ngahere 1 2 Sales Reported— 50 National Bank of N Z (late sale) .. 2 7 0

Afternoon Call Sales on ’Change100 Bank of New Zealand <cum div) .. 1 18 6 350 Grey River <4» 18 0 Sales Reported— £835 N.Z. Govt. 4' o Inscr. 1946 98 15 c 300 New Zealand Brewcries (2> 1 17 9 75 C. J. Coles (2) 4 3 C 200 Grey River .. 18 3

AUCKLAND Sales on 'Change— Commercial Bank of Aus. 16 0 Bank of N.Z. <2> 1 18 o N.Z. Insurance (2) .. 13 6 South British Insurance .. 9 3 Renown lord.) 8 G National Timber .. .. 0 Dominion Breweries .. . 1 9 ( Colonial Sugar 48 5 0 WELLINGTON Bank of N.Z. <2> .. 1 18 Bank of N.Z. iD long term) 1 C 6 National Bank of Austral- • asia (£10 paid) 13 8 0 13 9 6 National Insurance 15 7

Sales were: £ s d. Bank of New South Wales 28 9 0 National Bank <£5 paid) .. 6 3 0 Union Bank 7 5 0 Colonial Sugar 45 0 0 Associated News .. 19 1 Australian Paper 1 7 9 Australian Gypsum .. .. 1 0 4 British Tobacco 2 5 6 Anthony Hordern 14 6 General Industries 17 3 Kandos ipaid) 1 6 6 Morts' Dock .. .. 14 1 Atkins 1 2 3 Adams 14 3 Felt Textiles 1 9 14 Gordon Gotch 2 14 3 Henry Jones 2 8 0 United Provisions 7 5 Woolworths (ex dividend) 1 1 0 Broken Hill Proprietary .. 2 15 3 (Contributing) .. .. 2 9 0 North Brokens .. 2 2 0 South Brokens 1 4 7 Rawang 6 5 Placer Development .. .. 3 7 0 Austral-New Zealand Gold 1 2 0 Oil Search 4 4 Emperor 7 9 Melbourne Sales w'ere: £ s. d. National Bank (£5 paid) .. 6 4 0 Dunlop Perdriau 1 0 0 Heralds 3 0 0 Metropolitan Gas 13 12 0 Coles 3 17 o Electrolytic Zinc 2 3 9 Mt. Morgan (pref.) 1 1 6 North Broken Hill 2 2 0 South Broken Hill 1 5 1 Emperor 7 9