COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 600, 2 November 1932, Page 8

COMMERCIAL.

Quotations on Stock Exchange. CHRISTCHURCH. Sales on ’Changa. N.Z. Govt. 5i p.c. Inscr., Feb., 1937, £l°o ss. „„„ _ National Bank of Australasia (£5 pa., cum div.), £5 11s. National Bank of New Zealand, £o ISs 9d. Bank of New Zealand. 45s 6d. Union Bank of Australia, £7 13s Gd. New Zealand Refrigerating (10s paid), 2s 9d, 2s lOd. Mount Lyell, 20s 3d, 20s 2d (five parcels). Golden Point, 5Jd. Number of Share*. £3OO N.Z. Govt. 5J p.c. Inscr., Feb., 1937. 20 National Bank of Australasia (£o paid, cum div.) 50 National Bank of New Zealand 50 Bank of New Zealand 20 Union Bank of Australia 200 N.Z. Refrigerating (10s paid) 600 Mount Lyell 400 Golden Point.

OTHER EXCHANGES. Per Press Association. DUNEDIN, November 2. Sales on ’Change.—New Zealand Refrigerating (contr.), 2s 9d; Alexander Mines, 17s 9d. Sales Reported.—Alexander, 18s: Mt Lyell, 20s 3d. AUCKLAND, November 2. Sales on ’Change.—Okarito, 8s 2d; National Insurance, 14s 6d; Waihi, 17s lid; Colonial Sugar, £49 ss; Government stock, 4i per cent, 1939, £95 ss; Government bonds and stock, 5i per cent, 1936, £IOO ss. WELLINGTON, November 2. Sales Reported.—si per cent Government stock, 1936, £100; Waihi, 17s lOd. AUCKLAND BUSINESS. (Special to the “Star.”) AUCKLAND, November 2. The tone of the market continues to be quiet and only a small number of sales has been recorded in the last twenty-four hours. The rise in Waihis appears to have been checked, and at the morning call the line was again on offer at the last sale price, namely 18s, but buyers were only a penny lower. Bank shares were again dull, and insurances were firm; South British had buyers at 575, and no sellers. Wilson’s Cements have steadied since the dividend announcement, and holders now ask 335. Government stocks show virtually no change at the morning call. A parcel of Williamson’s Films 71 per cent debentures was on offer at par. SOUTH BRITISH INSURANCE. (Special to the “ Star.”) AUCKLAND, November 2. At a meeting of directors of the South British Insurance Company yesterday, Sir George Elliot was appointed chairman of directors.

WHEAT.

Winnipeg Price* Further Decline. United Press Assn.—By Electric Telegraph—Copyright. (Received November 2, 1.15 p.m.) WINNIPEG, November 1. Liquidation in December futures in Liverpool as a result of an announcement in the British House of Commons that preference would not apply to Canadian wheat sent to the United States and reconsigned to Britain evoked sympathetic action. Tuesday values fell by 1 to li cents. November quotations clostd at 458 cents, December 45 cents, May 49 cents. X.OZTZ>O2f KBPOXT. (Received ovember 2, 1.15 p.m.) LONDON, November 1. Wheat cargoes are quiet in tone and unchanged. Trading closed easier on American advices. Parcels are in poor demand and unchanged. Futures are quoted:

anew season’s Australian. SYDNEY, November 1. The first of the new season’s wheat auctioned at Alexandria realised 3s 5d a bushel. It weighed 6721 bto the bushel. BAERT PRODUCE. (Special to' the " Star.**) DUNEDIN, November 1. All the South Island Dairy Association’s factories, numbering 110, are working, and a big increase in output has been reported. The first shipment Home from the south will be loaded on the Rangitiki from Bluff and Dunedin about the middle of November. MOUNT LULL XZNINO. Mount Lyell Mining Company’s progress report for the fortnight ended October 19, 1932, is as follows: North Mount Lyell Mine—Tons extracted 6784. 850 ft level. No. 44 mullock pass to 45ft through old filling. 1100 ft level, No. 11 crosscut, commencing from No. 41 stope, advanced to 3ft through schist and suspended. 1300 ft lev&l, No. 2 rise to 65ft through pyritlsed quartzite. Crown Lyell Mine—Tons extracted 2543. At the surface transfer pass drive advanced to 94ft through low grade schisty ore and discontinued. 200 ft level, mullock pass rise to 31ft through low grade ore. Royal Tharsis Mine—Tons extracted 1150. No. 3 level, • Tharsis shaft lifted to 527 ft above 1100 ft level, through pyritised grey schist carrying a fair amount of chalcopyrite. No. 7 level, No. 7 ore pass rise, commencing from transport drive, lifted to Bft through pyritised schist.

Lyell Comstock Mine—Tons extracted 5407. No. 5 level, shaft sunk to 109 ft through grey schist with patches of pyritised quartzite. No. 6 level, north drive, commencing from north side of plat, advanced to 15ft through schist carrying a fair amount of chalcopyrite; south drive, commencing from south side of plat, advanced to 15ft through schisty ore. Reduction Works—Furnace not in blast during period. Concentrator—Mill operated 336 hours and treated 15,364 tons ore, producing 1511 tons of concentrates. Copper Refinery—Tank house in operation during fortnight. 428 tons of cathode copper being produced during that period; total for current year, 572 tons. MOUNT ZSA PRODUCTION. For the week ended Saturday, October 22, 1167 tons of silver-lead bullion were sent to Townsville from Mount Isa, and 1037 tons of silver-lead bullion were recovered from 13,870 tons of crude ore. DIVIDEND WITHHELD. The Wellington Deposit, Mortgage and Building Association, Ltd., advises that the directors have considered the question of an interim dividend for the half-yearly period ended September 30 last, and that under the existing adverse financial conditions they deem it advisable to withhold the payment of a dividend on this occasion.

ozsßomara nuprAsmas. (Special to the “Star.”) AUCKLAND, November 2. The directors of Gisborne Sheepfarmers’ Frozen Meat and Mercantile Co., Ltd., recommend the payment of one year’s freezing and mercantile preference dividend out of the profit of £3145 earned for the year ended August 31. Freezing preference shares receive 6 per cent and mercantile preference 7 per cent. A dividend on both classes was last paid in 1929. In addition to the paid capital of £213,920, the company has £300,000 debentures on issue.

Following are to-day’s quotations: N.Z. GOVT. STOCK41 p.c. Inscr., 3939 5i p.c. Inscr., 1937 51 p.c. Bonds, 1933 51 p.c. Inscr., Feb. 1937 51 p.c. Bonds, Feb. 1937 51 p.c. Inscr., Sept., 1937 51 p.c. Bonds, Sept., 1937 Buyers. £ s. d. 95 0 0 96 7 6 99 10 0 100 5 0 100 5 0 100 5 0 100 5 0 Sellers. £ s. d. 95 12 6 OTHER DEBENTURES Tolaga Bay 6 p.c., Hauraki Plains 6 p.c., 1962 Christchurch Drainage 51 100 9S 0 12 0 N.Z. Breweries Glaxo 61 p.c., N.Z. Refrigerating 61 p.c., 1935 . . Christchurch Gas 51 p.c., 3 934 Gisborne Sheep 61 S9 0 10 0 94 99 0 15 0 0 BANKS— Australasia .... Comm, of Aust. ?\ Comm, of Aust. 9 0 5 14 0 6 0 3 4 14 0 s E., S. and A National of A’asia (£5 paid, cum 4 9 6 4 13 6 National of New New South Wales New Zealand .... New Zealand C‘*D” Mort. shares) . . Union of Aust. . . 28 2 3 7 5 5 9 12 0 6 0 0 29 7 2 14 6 S 0 INSURANCE — Mercantile MuNational (cum 14 4 New Zealand .... 2 3 6 2 3 LOAN AND AGENCY — Dalgety and Co. . 8 Goldsbrough Mort 1 United Building 2 3 6 4 8 1 11 3 15 9 0 9 SHIPPING — Huddart Parker . P. and O. Deferred 1 0 FROZEN MEAT— Canterbury (pref.) N.Z. Refrigerating (£1 paid) N.Z. Refrigerating (10s paid) .... WOOLLENS — 0 0 7 3 9 4 0 'o 10 9 0 6 11 Kaiapoi (17s pd.) Mosgiel (cum div.) 0 7 4 0 7 0 COAL — i» Stockton (ord.) . . Stockton (pref.) . 0 0 0 1 6 3 0 0 0 2 10 0 GAS — Christchurch .... Christchurch (10s 1 5 0 1 5 3 BREWERIES — New Zealand .... 1 6 8 ' 1 7 3 MISCELL ANEOU S— Australian Glass (cum div.) Beath and Co. . . Beath and Co. (Is 2 1 0 1 0 8 3 0 0 3 1 1 5 0 0 British Tobacco . Colonial Sugar . . Dunlop Rubber . . Electrolytic. Zinc 1 48 0 10 5 15 1 50 0 11 0 15 6 0 9 Henry Jones Coop. (cum div.) . Kauri Timber Milburn Lime Mount Lyell .... N.Z. Drug Co. N.Z. Farmers’ Coop. (41 p.c. Stk., 1 0 1 1 12 11 5 0 6 6 0 1 1 0 1 3 58 58 0 15 12 0 2 0 6 0 N.Z. Farmers’ Coop* (41 p.c. Stk., 10 2 Taranaki Oil .... Whitcombe and 0 0 2 2 17 14 3 Wilson’s Cement (cum div.) .... Woolworths (N.Z.) (pref.) 1 1 12 6 0 0 1 0 MINING— Blac-kwater .... Consolidated Gillespie’s Beach . Golden Sands .... Alexander (cont.) Cornish Point Golden Dawn .... Golden Point ..... King Solomon Mahakipawa .... Mahakipawa (pref.) 0 19 1 0 8 3 2d prem 0 16 0 17 4 0 0 3 0 4 9 0 0 5 0 1 9J 0 0 3i 0 0 5 0 39 6 0 10 3 3d prem. 0 1 105 0 37 8 0 0 4J 0 5 0 0 0 55 0 3 11 0 0 4 Waihi (ex div.) . Waihi Grand Junction 0 0 17 3 10 4 0 0 18 3 3 6

Nov. Oct. Oct. 1. 31. 28. London (qr.) s. d. s. d. s. d. December 23 2 23 4 23 5 February 22 S 22 9 22 8 April 22 7 22 9 22 10 Liverpool (cental) — December .... 5 11 5 23 5 2* March 5 OS 5 OS 5 1