STOCKS AND SHARES

Timaru Herald, Volume CXLVII, Issue 21507, 21 November 1939, Page 11

STOCKS AND SHARES

YESTERDAY’S QUOTATIONS CHRISTCHURCH Mornin« Call

NORTH BROKEN HILL A steady improvement in metal recoveries and treatment costs of North Broken Hill, Ltd., has been shown since the end of the financial year in June, the chairman (Mr H. M. Ballieu) said at the annual meeting in Melbourn?. Average metal recoveries for the first three months of the current financial year were 95.2 per cent lead, 87.4 per cent silver, and 86.7 per cent zinc. Average treatment costs were 5/3 per ton. The directors expected a further improvement on these figures. The capacity of the new mill had pinved to be 15,000 tons per week or 750,000 tons a year, compared with the estimate of 600,000 tons a year. The first six months’ operations of the new mill had proved that the capital expenditure had been justified. Referring to the contract with Britain, the chairman said there was every indication at present that the company would be able to sell its full production if the Australian and New Zealand de uand was maintained and if the company was permitted to sell the balance overseas. All the silver produced by Broken Hill Associated Smelters Pty,. Ltd., was at present readily marketable. AUSTRALIAN WOOL CHEQUE If Australia produces as much wool as in 1937-38, her cheque for the current clip will be about £55,000,000. In addition the Sd per lb allowed by the British Government for appraisement, transport to wharf, dumping and other charges means a further disbursement in Australia. Profits made on the sale of wool outside the United Kingdom will probably make another distribution. The Commonwealth’s cheque for wool will be the largest, but one. ever received. Winchcombs, Carson, Ltd., reports that in 1936-37, £66,000.000 was received. The benefit from the scheme is enhanced by the rapidity with which the wool is t’.ing appraised and the money for it distributed.

Sales on Change— £200 N.Z. Govt, 4 p.c. Inscr. 1946 £ s. d. 99 0 0 200 Coni. Bank of Aust. (2) 0 16 4 900 N.Z. Refrigerating (10/paid) (5) 0 9 0 150 Auckland Gas 0 16 a 75 G. J. Coles (2) 4 1 0 Sales Reported— 250 Ngahere (3) 1 5 0 Afternoon Call Sales on ’Change— £ s. d. 100 Tooths Brewery .. 2 17 6 300 Mount Lyell (c.d.) (4) 1 12 9 Sales Reported— 45 Permanent Investment 9 10 0 100 Electro Zinc (ord.) 3 2 0 50 Electro Zinc (pref.) 3 3 0 AUCKLAND Sales on ’Change— £ s. d. Stock, 30/11/48, 4 p.c 101 0 0 Do. 15/3/40-43, 4 p.c. (2) .. 99 b 0 City of Auckland 1/1/44-41 41 p.c 101 15 0 Comm. Bank of Aust. (2) 0 16 6 National Insurance 0 17 9 Goldsbrough Mort 1 12 0 Pukemiro (2) 0 15 0 Auckland Gas (2) 0 16 6 Bonds Hosiery .. .. . .. 1 0 3 Dominion Breweries .. .. 1 13 6 N.Z. Breweries 1 16 6 A.C.I. (con.) 0 15 0 Broken Hill Propty (2) .. 4 3 0 Electro Zinc (pref.) .. .. 3 3 4i G. J. Coles 4 0 6 Woolworths (N.Z.) 0 17 6 Woolworths (Syd.) 1 5 2 1 5 3 Waihi Investment 0 6 3 Mount Morgan 0 10 1 WELLINGTON Sales on ’Change— £ s. d Emperor Mines 0 11 11 Stock, 1958, 4 p.c. (4) .. .. 98 7 6 Guarantee Corporation 0 3 10 Electrolytic Zinc (ord.) (2; 3 2 0 Ditto (pref.) 3 3 0 Woolworths (Syd.) 1 5 2 Bank of New Zealand .. .. 2 I 7 2 0 9 DUNEDIN Sales on ‘Change— £ s. d Stock, 1940-43, 4 p.c. .. . 99 7 6 Bonds Hosiery 1 0 6 Bruce Woollen (ord.) .. . 0 16 0 A.C.I. (con.) 0 lb 0 Broken Hill Propty. .. . 4 2 9 4 3 0 R. and E. Tingey (pref.) . 0 19 6 N.Z. Breweries 1 16 6 AUSTRALIAN STOCK EXCHANGES — (Received November 20, 9.0 p.m.) SYDNEY. November 20. To-day’s share market brightened after lunch when most of /he trading was done. The tone of the market was firm. Sales: — £ s. d. Comm. Banking of Sydney 18 10 0 Union Bank 6 17 0 Colonial Sugar 49 7 6 New Zealand Insurance . 2 9 0 Tooths 2 10 3 Tooheys 1 7 9 A.C.I 1 17 0 (contr.) 0 14 4 General Industries 0 17 6 Kandos 1 10 0 Felt and Textiles 1 15 0 Electrolytic Zinc 2 17 0 (pref.) 2 18 9 Broken Hill Ppty 3 14 0 North Broken Hill 2 4 9 South Broken Hill 1 6 3 Kanieri 1 12 6 Melbourne Exchange £ s. d. Comm. Bank of Australia 0 15 4 Bank of New South Wales 27 0 0 A.C.I 1 17 0 Herald and Times 2 16 6 Howard Smith 1 2 9 Woolworths 1 2 3 Yarra Falls 2 1 2 British Tobacco 2 7 6 Dunlop Perdriau 0 19 0 Emperor 0 10 3 Loloma 1 4 9