COMMERCIAL

Dominion, Volume 35, Issue 265, 7 August 1942, Page 3

COMMERCIAL

Stock Exchange Sales Dealings lii stocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the nuniber of shares in each lot being shown in the case of Wellington:— WELLINGTON.

AUCKLAND. Liberty Loan, 3 per cent., 1932-s; j, Inscr. Stock. 4 per cent., LIU-, Bank of N.Z., £l/19/6: Auck and Gas - » 6/5; Renown Collieries. 9/6; Unioni bteani, pref.,-£l/7/-; McKenzies Stores, j Wilsons Cement (2). H/3: Woolworths (N.Z.), (2), 14/-, 14/L CHRISTCHURCH, N.Z. Guarantee Corp.. 2/11; Andersons Ltd., pref., 8/fi: Broken Hill Ity., Ll/’lb/-. DUNEDIN. Inscr. Stock, 4 per cent., 1U43-4U, £102; Reid Rubber, £l/1/4. Southland Frozen Meat The Southland Frozen Meat interim dividend for the half-year ended J une 00. and payable on September 1, Is Bd. a share, not 1/0, as previously reported. Elder, Smith Dividend Elder, Smith, Ltd., have declared a final dividend of 34 per cent payable on September 1. making a total ot ( >5 I’ l -/ cent, lor tlie year. Books close from August 20 to September 1. inclusive. Gold Mining The Grey River return fur the fortuigbt. ended August 5 totalled ojl.joz. tor .43 hours from 170,347 yards. hor July the dredge returned 1028 oz. for 402 hours flom “Alexander b jlines gold returns for July are as follows :-Battery department. 37 tons of ore were crushed tor a rcturu ot 40oz. Bdwt. of melted gold. Cyaniile departmeut: This has uot_ been Estimated value, £3lO. Concentrates: In addition to tlie above, 2 tonsi ot trates were'saved, valued flt , fc ”°' V, ?’ M In estimating tlie above values, gold Has been taken at 100/- a fine ounce. ■ Alexander also reports for July that ex tensive flooding interfered with the operations'at tlie mine, causing power fail-.us and road blockages. The road to the ml u remains blocked an ( l will require considerable repairs. Owing to the fl(,od '''B> restricted stoping operations were carrled on, with only Si) tons of stone mined tor the period. A new block of stone has been located on the underlay side of the fault which divides our present ore body. This has been driven on for 9ft., average width being 361 n„ with the stone very l ard and showing free gold. Ibis cue body will be further exploited in the coming month. Comm. Bank Of Aust. Tlie accounts of the Commercial Bank of Australia for the year ended June JU show a net profit of £241.813, compared with £258,110 last rear and £2b4,10b >u 1940. Preference dividend of 4 per cent, amounts to £84,091. Ordinaty dividend of 0-00 per cent., reduced from 7.08 per ceut., requires £133,333. Allocation to writing down premises is £25,000. against £3.>.000 In the previous year, and £114,241 is carried f ward, against £115,450 brought m. The balance-sheet shows paid capital unchanged at £4,117,350. Deposits, at £42.918,555. compare with £35.719,726 in tlm pr ous year, and advances are £-4,-39,-31, against £27.141,333. A new Hem is wartime deposit, standing nt £3..> < b,U()U.

No. oC Sale price. shares. 56 Union Bank A! s. d. ... 6 17 6 ?AH> Broken Hill Pty. (2) . ... 1 18 0 150 McKenzie's Ltd. ... 1 16 6 ... U 15 6 666 WoobrortllS (6yd.) .