COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 373, 15 March 1932, Page 7

COMMERCIAL.

Quotations on Stock Exchange. CHRISTCHURCH. FolloAving are to-day’s quotations:— Buyers. Seller*. £ b. d. £ a. d. BANKS— Australasia (cum „ div > m o » t e Comm, of Aust. . . 0 13 11 0 14 0 Comm. of Aust. (pref.) 6 4 6 6 6 0 E., S. and A 4 1 0 4 4 0 National of A'asia (£lO paid) .... 9 5 0 National of A'asia (£5 paid) .... 4 10 0 5 0 0 National of N.Z. 3 7 0 3 10 0 New South Wales 24 17 6 25 0 0 New Zealand .... 22 4 22 6 Union of Aust. .. 6 12 0 INSURANCE— NeAv Zealand .... 1 16 0 Standard 2 0 0 LOAN AND AGENCY— Dalgety and Co. . 7 1 0 7 7 0 Goldsbrough Mort 116 12 0 N.Z. Guarantee Corporation 0 3 9 0 4 3 Permanent Investment 10 10 0 United Building Society (cum div > 0 15 0 FROZEN MEAT— N.Z. Refrigerating (£1 paid) 010 0 010 6 N.Z. Refrigerating (10s paid) 0 3 8 0 110 COAL— Grey Valley .... 0 9 0 0 14 0 Westport 10 1 GAS— Christchurch .... 143 146 BREWERIES— New Zealand .... 180 133 Staples 1 1 6 1 3 6 Timaru (7a 6d pd) 0 5 9 Tooths 1 2 0 MISCELLANEOUS— Australian Glass . 18 6 1116 Beath and Co. (pref., cum div.) 0 19 9 13 0 British Tobacco (cum div.) .... 163 170 Colonial Sugar . . 36 0 0 37 0 0 Dunlop Perdriau Rubber 0 9 6 0 10 1 Electrolytic Zinc (pref. cum div.) 10 3 110 Gordon and Gotch 13 3 Mount Lyell .... 0 19 0 0 19 8 N.Z. Drug Co. (cum div.) .... 2 8 0 North Canterbury Co-op. Flour - « (cum di\\) 0 10 6 '•’l Victoria Nyanza Sugar 014 0 0 15 8 Whitcombe and Tombs 2 11 0 ■Wilson’s Cement . 19 0 Woolworths (N.Z.) (pref. ex rights) 12 3 MINING— Cornish Point ..... 001 002 Golden Dawn ... .• 0 7 1| 0 72i Golden Point .... 0 0 7 0 0 8 King Solomon . . 0 1 3ft 0 1 4 Mahakipawa .... 0 0 34 0 0 4 Mahakipawa (pref.) 0 0 3| 0 0 5 Okarlto 0 8 6 0 8 11 Waihi 0 15 0 0 16 6 Wrtihi Grand Junction 0 3 l 0 3 9 Blackwater 0 5 9 0 6 8 Sales on ’Change.—Comm. Bank of Aust.. 13s lid (two parcel*); Bank of New Zealand. 42s 4d: New Zealand Refrigerating (10s paid), 3a 8d (three parcels), 3s Dd; Golden Dawn, 7* l|d (two parcels): King Solomon, la 3|d: Mahakipawa, 4d (two parcels); OkarSto, 2* lOd (two parcels). If umber of Share*. T 3 200 Comm. Bank of Aust. 't*? 50 Bank of New Zealand. 600 N.Z. Refrigerating (10* paid). 100 Goldep Dawn. 200 King 'Solomon. 500 Mahakipawa. 200 Okarlto. OTHIB UCHAKGBS. DUNEDIN. March I*. Sale*—Okarito, D*; King Solomon. 1* 3d. Sale Reported—Electrolytic Zinc (pref.), 20s Cd. AUCKLAND, March 15. galea—Golden Dawn, 7s 3d; Farmer*’ Tra'ding B pref.. 10s 7ld; Bank of New Zealand, 42s 6d; Bank of New South Wales, £25. WELLINGTON, March 15Sale Reported—44 per cent Bond*, 1938, £92 2s 6d. GOLD AT KAPITEA BEACH. The wonderful revival of gold mining and dredging on the West Coast has been watched with acute interest by Investors, large and small. A number of Companies have already been floated. As far as the average investor is concerned, the proposition that will have the strongest appeal is that of the KAPITEA BEACH GOLD DREDGING AND PROSPECTING COMPANY, LIMITED. The best indication of certainty of success is afforded by the very comprehensive report furnished by no less a man than Mr E. A. Wilson, of Greymouth, the -well-known mining, dredging and consulting engineer. Mr Wilson has a reputation second to none as a man who gives thoroughly honest opinions, and to quote the words of Mr J. W. Greenslade, Mayor of Greymouth: “ Any* venture that he recommend* to the public has every appearance of being capable of being worked successfully.” Mr Wilson’s report is very illuminat. ing as to the possibilities of profitable gold winning on the West Coast beaches, and e'eryonc should make a point of obtaining the Prospectus containing this report in full. RICH HARVEST EXPECTED. The venture offers many* important safeguards Irom the Investors' point of view. The best available expert advice and management has been secured. The Directorate is composed of highly regarded and practical men who will supervise operations on the spot. The area to be worked comprise* virgin country that has recently been proved in all the accessible parts of the claim "*ith excellent results. The known gold values of the ground are more than enough to pay expenses. There is every possibility that the operation of the company’s modern dredge will permit swampy" ground to be worked and a rich harvest obtained. The proposition has been thoroughly investigated, and, viewed on a most conservati\"e basis, is regarded by many good authorities as a sound, clean proposition with an excellent likelihood of success. THE KAPITEA BEACH GOLD DREDGING AND PROSPECTING COMPANY, LIMITED, will have the big ad\*antage of working the only virgin beach in the vicinity". Over 20,000 shares have already been taken up. The proposition is now made public for the first time with 160,000 shares of Is each available for public subscription. As the proposition is such an attractive one, a big demand for the prospectus is certain. Write promptly for a copy to the Company’s Promoter. H. Sydney Smith, 101. Commerce Building, 187-9, Hereford Street, or to the secretary of the company, Mr F. W. Maples, 156. Hereford Street, Christchurch. Telephone 30-937. 728