Commerce, Mining, & Finance

Evening Star, Issue 21752, 21 June 1934, Page 7

Commerce, Mining, & Finance

FOREIGN EXCHANGES (British Official Wireless.) Press Association—By Telegraph—Copyright ' ■ , RUGBY. June 19. , Paris, franc to £1 JliVaiß New, York, dollar to £1 16 Montreal,; dollar to £1 - 9ui Brussels, belgas to £1 21.60 Geneva, franc to £1 7 Amsterdam, florin to £1 rjoic Milan, lire to £l' ••• Berlin, reichmarken to £1 ,0‘.2 Stockholm, kroner to £1 ■■■ Copenhagen, kroner to £1 laoru Oslo, kroner to £1 27 Vienna, schilling to £1 12U Prague, kroner to £1 ■ oofil Helsingfors, .marks to £1 Madrid, peseta to £1 110 Lisbon, escudo to £1 ••• Athens, drachmae to £1 Bucharest, Jei to £1 ' Belgrade, dinars to _ Warsaw, zlotys to £1 ■■■ ... ••• ’ Rio' de Janeiro, pence to milreis Jr Buenos Aires, pence to dollar ... ob| Montevideo, pense to dollar .... 005 Bombay, pence to rupee ... ... Shanghai, pence to tael ' *2* Hongkong, pence to dollar ... ... 1G Yokohama, pence to yen : „ , Q a ‘ Batavia, florin to £1 ... ‘A*. METAL MARKET Pres* Association—By Telegraph-Copyright CONDOM. June 19. The following are the. official metal quotations:--, , , Copper.—Standard. £32 (is 3d ; forward. ,£32 lls-lUld. per ton. ■'Eleetrdly tic.--spot. £35 os; torn aid. £35 15 s. . ' 1 ' "Wire.bars, - £3o os. . , • Lead.—Spot, £ll .1» 3«1; ’ tonvnrd, £1:1. os. , 011 Spelter.—Spot. £l-1; .forward,. AM -Spot. £225 12s 6cl: forward, £223 17s 6d. » Rig Iron.—Home trade. o bci. export, £’3 2s 6d. Antimony.—British, £42 Ids; lorjeigu. £25 155.: .. .■Molybdenite. £1 Ids 'per unit. Wolfram, £2 Us fid. ■ ’ . Silvei'.--Standard. 19 13-lbd per ok: •fine, ,21£d.-. - ADDIH6T&N STOCK SALE Rain.fell - steadily, during the Additionmarket yesterday. Beet was l cheaper, hut the other sections- were unchanged. Store Sheep.—ihe yanhny: Ul V' # typical winter collect lon bi odd lines., with verv"little to recommend them.. Evervthing changed hands about date, rates'. Values: 'Medium two-tooth BalM bred ewes, to 27s Gd : medium lour and six-tooth, to 235; medium soundmouth three-quarter-bred. to lis uu • sound "failing-mouth. 12s6d to los M; forward two-tooth half-bred wethers, to 18s Hd; ordihdry, to 16s 9d ; memo. 9s to 10s lOd. , , ■ v c Fat Sheep.—There was a yarding of '4,000 head. Fair quality good light ’sorts sold at prices fully up to late rates, but heavier sorts .were easier, Exporters operated sparingly. Vallies'. Extra ,prime heavy weathers, to 28s id: prhne heavy, -os to '27s; prime inodiupiweight; 22s 6d to 24s (id j. ordinary. 18* to Tbdxt, 15s to 17s 6d ; extra prime heavy ewes to 27s Id; prime heavy. 21s 6d to 22* Cd ; prime medium-weight. Us to 21s; ordinary, 16s to ISs 0d; bgot,. 12s to 15s Cd. The.- vardiug -of 000 fat lambs was. the smallest .this-year. The entry, with the exception of a few lutes, was poor. 'All sorts bought steadily at late rates. Values: Extra prime heavy, to .»2s 4d.; prime heavy. 24s 6d to 26s 6di; prime-medium-weight,. 21? 6d to -•-■>, light, 16s to 21s. . c , ■ •Fat Cattle.—The entry of 4/0 contained’ a bigger proportion of steers than lately-. The market was one of the. .worst for some tune. Values;_Extra prime lieavv steers, to £lO l<s od prime, heavy., £6 10s -to , £8; prime medium-weight. £5 10s to J i ; ordinary, £3 10s to. £4 ,1 os plight, to £3; esja prime heifers,, to £7 2s 6cl; prime.. SA to £6 10s; medium, £2 5s to £3 los; light, to £2 ; extra' prime con s, to £7 12s ‘ 6d; prime, £3 os to £4 los; medium, £2 to £3; light, to 3ys,6d. , ' There, was a big entry of vealers. Good'calves sold well, but there was a poor, demand for other sorts, Ilio top price was £5 Is. ' . . Store Cattle.—The entry contained one good station line. Everything except, yearlings, .for winch there was a.| fairly good inquiry, sold at a drop o# 10s k!head on last week. Values: Two and - three-year steers, £3 6s to -4; heifers,.£2 Us to £4 10s; yearhugs. 2os to 32s 6d ; cows, to £2 ss; bulls, to.£2 12s ;6d.', • • ' ’ ' . , Baconers .were ■ m small supply ami met with a lair demand. A shortage 01 porkers caused an increase in the price, lvalues: Chopper:.., 51s to £4; baconers. ■ 47s 6d to S4s 6d; heavy baconers. oßs 63 to £3‘4s 6d ; extra heavy, £3 12s 6d to £4 (average price: per pound. 4Jd to Sd) ; porkers, 27s 6d to 325, Gd; heavy porkers, 355. 6d to 39s 6d (average price per .pound, 4Jd to oid). AUSTRALIAN WOOL #- ■ T' /.-'AVERAGE - . - PRICES AMD SALES The National Council of Wool-selling Brokers of Australia supplied the following statements in regard to the 1933-34 wool season from July 1, 1933, to May 31, 1934 ; The average price realised over all fcentres for greasy wool for the month of May, ,1934', f was 11:56d per lb, and average per bale £ls 13s 3d, and from July 1, 1933. the commencement of, the season, to May 31, 1934, 15.89 d per lb, and £2O 2s lOd-per bale. The average price realised in Victoria for greasy wool for the month of May, 1934, was 10.76 d per lb, and average per bale £l2 4s Id,/ arid from July 1. 1933, the commencement of the season, to May 31, 1934, 16.58 d per lb. and £2O Is 6d per bale. . The following are particulars of receipts: and disposals from July 1, 1933. to May 31. 1934 —Receipts, 2,664,981 bales; sold,’ 2,463,472; shipped. 24,191: in. store, .177,318.

INTERNATIONAL OUTLOOK "THE SKY 18 CLOUDED” Despite 1 the many encouraging signs and portents that the end of the world's worst economic troubles is in sight, events during the last fortnight in the international sphere compel a cautious attitude on the part of thoughtful people (writes Otto J. Wilson. in ‘The Blue Letter ’). Ihe sky is clouded in the Far East. Japan has proclaimed to the world at large that China is her pigeon and that there is a “■ close season ” in this particular sphere. She has explained at great length why she will brook no interference with her plans to exploit China exclusively for her own benefit. The moment for her “ hands oft ' declaration was from her point of view well chosen, as the rest of the world is preoccupied with vita) problems nearer borne. But the United States and Great Britain.at least cannot be iudiiferent to China's fate, and the immediate future may see a crisis of the first magnitude develop out of the present serious conflict of interests. Yet more.disquieting is the prospect in Europe itself. France and Germany have apparently reached a deadlock on the problem of armaments. The GeU man..claim .of “ equality of treatment in respect of armaments with the victoi Powers means in plain language that France must consent to reduce or Germany must be allowed to increase her war equipment. There seems no' way out of this impasse. What is at the back cd this deadlock.' The answer to this question is to he. found in the Saar. For over 100 years prior to the Versailles Treaty the Saar and its coalfields had been in the .possession of Germany. At the Peace Conference France ‘claimed the lei 1 1tory *oii * historical grounds and because of the alleged existence of an unimportant minority of Frenchmen. Ibe commission set up by the. conference rejected this claim, but deluded that France bad a special claim on account of the’ destruction by the German armies during the war'of coal mines in the North* of France, and it was m order to secure coal to France that the Saar wa, detached Irom Germany anil placed under an international co'mims--sion responsible, to the League of; Nations. . . *... . The first paragraph m the 1 eaco Treaty relating to the Saar reads: ‘ As compensation tor the destruction of the coal mines in the. North of Trance, and as part payment towards the total reparations due-from Germany tor the damage resulting from the war Germany cede? to iM'inico in tuJl and absolute possession with exclusive rights of exploitation, •unencumbered and free from all debts and charges of any kind, tlie coal mines situated in the Saar basin.” ' , ~ . ~ In order that trance should lia'c the undisturbed right oi working the coa.! mines Germany agreed to renounce the government of the Saar territory in favour of the League of Nations, with the proviso, however, that at the end of fifteen years—i.e., in 1935-—the inhabitants by plebiscite should decide under which sovereignty they desired to be placed, if the decision of the plebiscite favoured Germany, then French ownership in the mines, ' will he repurchased by Germany in their eiffiretv at a* price payable m gold, '’fixed bv an expert commission of three, one nominated bv France, one by Germany. and, one by the League ol Nations. ' , , . Now tli-e preparations tor taking the plebiscite aud tlie methods to be adopted come up for consideration by the League this month. Germany would like the Saar to he handed back without a plebiscite and without having to pav compensation. Hitler early this year'* declared that once the Saar question was settled Germany would have no other grounds of difference with France. But France, in view ol the. danger of Germany's rearmament, can hardly be expected to part with the coal mines and the iron and steel works without obtaining adequate security and safeguards. Tho problem bristles with uuneulties however it is viewed. Germany cannot pay, according to Dr Sclincht. even the interest ( on her present indebtedness * j and it is therefore obvious she cannot find the sold necessary to pay for the mines. But. she is determined to have them, and her present Nani leaders are fanning to fever heat the nationalistic fervour of the German people, almost evei-v speech*-breathing “blood and iron " as in the days preceding August, 1914. Diplomacy and statesmanship may find a solution in a compromise, but when the signs of hostility between the two nations are growing plainer dav bv day the possibility of a catastrophic ending cannot be entirely ignored.

PRICE OF GOLD Press Association—By Telegraphr Copyright j LONDON. June 20. (Received June 21. at 11 a.in.) Fine gold is quoted at £6 17s lOlcl per oz DOLLAR AND FRANC Tress Association—By Telegraph— Copyright. LONDON. June 20. (Received June 21. at 11 a.m.) Tiie, dollar is quoted at 3,0-11 and the iranc at 76£. HEW ZEALAND FRUIT Press Association—By Telegraph—Copyright. LONDON. June 20. (Received June'2l. at 10.5 a.m.) The Rangitata’s New Zealand apples realised: Granny Smith. 10s to 12s 6d ; small Stumers, 7s to Bs. Pears realised: Three-quarters Barry, Jis to 13s; Winter Nelis. Ilf to los. WORLD LEATHER MARKET Discussing the world leather market under date May 10, W. Weddel and Company Limited, Loudon, state that large sales of leather had been reported recently, mostly of the heavy types, at “ cut ’’ prices. This should create in due course a demand for hides, but it would affect prices. The only feature of the leather market which gave any sort of hope was in light leathers, where a fair amount of business was being transacted.

AUSTRALIAN STOCK EXCHANGES Pres* Association—By 'telegraph—Copyright. SYDNEY, June 20. As a result of the situation arising from the Tullamore Gold Development No Liability (reported on the cable page of this issue), the whole market for gold shares on the Stock Exchange to-day was affected adversely. Buyers were hesitant, and not a single rise was recorded. General investments again displayed a downward trend. Later sales were as-follow:—Bank of New Zealand. 50s; Colonial Sugar, £66 15s; Associated News (pref.), 235; Huddart, Parker, 335; Australian Gas (A), £7 17s 6d; British Tobacco, 375; Golclsbrougli. Mort, 31s; Wilcox Mofflin, 11s 7d; Electrolytic Zinc. 255; Australian Iron and Steel (pref.), 21s: Mount Morgan, 26s ltd; Broken Hill Proprietary, 43s 9d; Zinc Corporation, 36s 3d: Rawang, 9s. Commonwealth Ronds (4 per cent.)—l93B, £lO4 12s 6d; 1941. £lO6 15s; 1947. £,loß' Its 6cl; 1950. £lO9 13s 9cl; 1953. £lO9 1 7s 6d: 1955. £IOB ss; 1957, £lO9 5?. MELBOURNE, June 20. National Bank (£5 paid). £6 os; Goldsbrough, Mort. 31s 3d; Electrolytic Zinc, 25s 3d; Dunlop Perdnau, 17s 9d- British Tobacco. 37s 3d; Taranaki Oil. Is Sd. . PACIFIC STARR-BOWKETT SOCIETY Mr ,1. B. Sbacklock presided over a huge attendance of shareholders at an appropriation meeting hold in the society’s board room on June 19. £I.OOO disposed ol bv ballot in group 3 was drawn by cluster No. 4. held in equal parts bv two Dunedin shareholders. Ballot in group 7 was drawn by cluster No. 8. held bv a Dunedin shareholder. £I.OOO in group 7 was disposed of in two parcel? by sale, and the sale in group 8 went to four shareholders at satisfactory figures. TALLOW MARKET Press Association—By Telegraph—Copyright, , LONDON. June 20. (Received June 21. at 10.5 a.m.) At the tallow sales 959 casks were offered, and 162 were sold at 6d to Is decline. THE WOOL TRADE > ROLE OF THE SPECULATOR Dealing with speculators in.wool and their value in the market, the ‘ Sydney Morning Herald ’ remarks that some critics apparently hold the view thai. they are utterly useless members of the wool trade, making profits at the expense of the dqfene,eless growers; but that is an extreme view, “ In relatively quiet marketing periods the speculator performs a valuable, function, his buying creating a market for certain classes of the staple and preventing prices from slumping unduly. Sometimes his purchases prove profitable and at others he. suffers losses. Extensive experience in the trade produces the opinion that if any person pursues the activity over a lengthy period and seeks, too high a profit he almost invariably loses his capital. “ The most successful speculative purchaser ever operating on the Sydney market was a buyer who was. content to take limited profits rapidly. He was a firm believer in the maxim of small profits and quick returns, and his purchasing efforts certainly helped to carry the market for low grade wools over difficult periods. “ From 1921 to 1924 speculative buy. ing proved profitable. Fortunes were, however, lost in 1925, when values slumped £ls to £2O. per bale in a fen months. Jn 1927-28 small profits were made, but from that season until 1933 34 speculation was not advantageous, because from 1929 to 1933 values weregenerally receding. Speculative interests who did not take profits when they were, available last January have since had reason to regret their failure to do so.

“ Every person interested in wool must hope that they' make profits on recent operations, for if they are successful prices will be advancing, and those engaged in the sheep industry will as a whole benefit by the rise, if future developments could be accurately forecasted in move or less quiet times the sheep owner might find it always advisable to speculate by holding his woo! until, markets were better. Some oJ them occasionally do so, but the person who takes that action must, like "the speculator, be prepared to take the good with the bad and put up with losses should values trend further downwards. Unfortunately the key to definite information of future trade throughout the world has not yet been discovered.” COMMONWEALTH FINANCES SURPLUS PROBABLY £1,000.000 Consolidated revenue account has improved so materially during the past few months that the latest estimates made by the Federal Treasury indicate that a surplus of approximately £],■ 000,000 can now be expected. The statement of Customs revenue for May made available discloses a situation more buoyant than at any time since 1928. In the eleven months of the present financial year the Customs and Excise revenue of the Commonwealth was £l,600,000 in excess of the Budget estimate made after allowing for the tariff reductions in October, and £1,004.934 greater than that for the eleven months ended May 31, 1933. The Post Office revenue in the eleven months just ended was £271,226 more than the Budget estimate and £508,764 greater than that for the eleven months ended May 31, 1933.

THE SEARCH FOR GOLD HEW CORNISH POINT MINES The mine manager reports as tollows for the wck ended on Saturday last:—For the past week the level, south, towards the channel has jeen advanced 20ft, making . the total distance 25 ft from the bottom ot the incline tumid. This leaves approximately another 30IL to be driven in the rock to reach the channel. «o»’ K has been carried on with three smtts, two men on each, with the rock-dnJl-ing machine. .The country driven through was rock, more of a slate nature than formerly, and does not require to be timbered. A start has been made to excavate, in the rock, the chamber for the installation ot vim pumps. The floor of the cliamhet will be 10ft above the bottom incline. This will provide for the working of the pump on about a 12ft suction. There is a slight increase of water making in the level as driving proceeds. LAWSON’S FLAT SLUICING The secretary of Lawson’s Flat Gold • Sluicing Company. Ltd., reports that the return from sluicing operations during the four weeks ended on June 16 was Sloz 12dwt Cgr of retorted gold. A partial wash-up of the boxes at the end ol the first Iprtnight of the period resulted in the recovery of 28oz lidwt 6gr of gold, and there'fore the 530 z Idwl obtained from the boxes in the second fortnight indicates that under the mauagemept of Mr Lowther an improvement in results is developing. The gold-saving tables recently installed in No. I face were completed on Wednesday, and are now in operation. No clean-up oi these tables has yet been made. The manager reported that lie anticipated being able to maintain the improvement shown during the past fortnight. NORTH KALGURLi (1912) LIMITED North Kalgnrli (1912) Ltd. shows a credit balance of £34,834, including £13,098 brought forward,; for the year ended December 31. Dividend ot 6d a share is at the rate of 25 per cent., ami £13,584 is carried forward. The previous year's profit was £17.799. NEW GUINEA GOLD SHARES Press Association—By Telegraph—Copyright LONDON. June 20. '(.Received June 21. at 10.5 a.m.) New Guinea Gold shares are quoted at os 9d. COLOMBO TEA SALE Mr L. M. Wright has received the following cabled report on the Colombo auction of June 19:—The market for commonest teas was slightly easier, while all other grades remained firm. The quality of offerings showed a. slight improvement; 2.410,0001 b were auctioned. At next week’s sale the same quantity will be offered for sale. IMPORT FREIGHT RATES CASE FOR REDUCTION The ease submitted by the Now Zealand Importers’ Federation for a \reduction in freight rates from the United Kingdom to New Zealand has been forwarded to the Imperial Shipping Company, London. Officially associated with the New Zealand Importers' Federation in the request are the Associated Chambers of Commerce of New Zealand, the United Kingdom Manufacturers and New Zealand Representatives' Association, and the New Zealand Federation of Drapers. Clothiers, and Boot Retailers. It is felt that, in view of the allround reduction which has taken place in the prices of commodities, the- timt is opportune lot some reduction to he made in the height rates United King dora to New Zealand, U is realised that at present ships are coming . to New Zealand in ballast, shut it is believed that a reduction in' freight rates would result in an increase in importations, more than offsetting any reductions in rates. Particular attention is drawn to the fact that while reductions have been made on the rates New Zealand to United Kingdom, no major reductions .have been made since 1925 on. rates United Kingdom u< Non Zealand, mid also to the difference between the latter and the rates United Kingdom tc Australia. “ Realising the difficulties unde: ■•which shipping companies are working at the present time, we suggest that some reduction may be made in the 'working costs of ships by reducing, if possible, the number of loading ports round the New Zealand coast," the federation states. " Any reduction in costs we realise would help toward the desired end of a reduction in freight rates." OVER-SUBSCRIBED LOAN A NECESSARY CAUTION The large subscription to the Commonwealth loan of £.12,0(JU,00U —probably exceeding £20,000,000 when applications all reach then destination—hardly means (says the Sydney "Morning Herald') that there is that amount of money available for Government use. Applicants have in many cases asked for a groat deal more, than they want .in the hope that they will get at least what they want. An applicant who desired to invest £20,000 might ask for £30.000 because be considered that in the state of the market there would be much over-subscribed, and that the Treasurer would ration all those over a certain amount. Partial allotment, which is the official phrase, is the only fair way in the case of over-subscription, but when the investment is much desired. which is the case with Commonwealth loans at the present time, it leads to such an offering of money .as is liable to cause misapprehension.

THE .SHARE MARKET DUNEDIN STUCK EXCHANGE Quid, conditions prevailed ia the local share market this morning. Banking shares continued to have a dull market.' and sever-1 issues were for sale at reduced prices. New Zealand " Long D's ’’ had reported business at 33s 9d, and the ordinary issue was for sale at 49s 9d. Westport Coals had an improved inquiry; but sellers continued to be absent from the market. Alterations m the miscellaneous section were of a minor character. Gold mining shares were weaker in several cases. Bell-Hoopers were for sale at 6jd, and the. best buyer was 4d. Gillespie’s Beach shares remain steady. King Salomons wore offered at 4s, without response. N'okomais had a margin of fine penny between the quotations, and Skippers showed a definite tendency to weaken. SALKS. Reported,—New Zealand Breweries, £2 2s 6ti; Bank of New Zealand, "Long D,” £1 13s 9d; 4 p.c. Stock (1955). £107; New Zealand Refrigerating (paid), 19s fid.

Quotations at under:— Buvers. Seiler*. £ «. ' S. £ a. d. BANKINGBank of Australasia 11 15 0 ... Bank of New Zealand — 2 9 9 Bank of New Zealand, Long " D ” .1 15 6 — Commercial Bank ... 0 16 0 0 16 5 E.S. and A. Bank ... — ft 2 6 National Bank N.Z. — 4 0 0 Union Bank df Auetralia, Ltd. ... ... 10 . 0 : 0 INSURANCENational Insurance • Co. ... — 1 0 0 Standard lusur. Co. 3 1 0 . — SHIPPINGHuddart, Parker (pref.) 1 6 0 . U.S.S. Co. (pref.) ... 1 6 0 COALWestport Coal Co. 0 17 6 -- Westport-Stock ton (pref.) ... 0 2 10 LOAN AND AGENCY— GoIdsbrougli,'®Mort .. 1 11 4 National Mortgage ... — 3 2 0 N.Z. Loan and Mercan tile (ord.) — 59 0 0 N Z Guarantee Corporation 0 4 3 — Trustees. Executors, and Agencv 3 0 0 — Wngbl, Stephenson 0 * (prof.) t J 0 19 6 1 4 MEAT PRESERVING— N.Z Refrigerating (paid) .0 19 0 0 19 8 N.Z. Relrigerating (cont.) — 0 9 4 Southland Frozen Meat (paid) ... 3 10 O' — Southland Frozen Meal (cont.) 1 14 6 — Southland Frozen Meat (pref.) 3 10 0 — South Otago Freezing 6 0 0 MISCELLANEOUS— Broken Hill Prop. — 2 4 6 Broken Hill South ... 5 11 6 — Brown, Ewing (ord.) 0 19 0 — Brown, Ewing (pref.) I 0 9 — Bruce Woollen Co. (pref.) ■ ... 1 0 6 — Crystal Ice Co. — 1 19 0 D.’I.C. (pref.) 1 4 6 1 5 6 Dominion Fertiliser 0 18 3 0 19 3 Dominion Fertiliser ' Debentures 104 0 0 Dominion Rubber ... 1 4 6 — Dunodin-Kaikorai Trams 1 16. 0 — Dunedin Slock Exchange Proprietary 2 0 0 2 5 ,0 Electrolytic Zinc (del. ord.) 1 4 6 — Kaiapoi Woollen (cont.) 0 3 5 0 3 10 Kauri Timber 0 16 0 — Milburn Lime and Cement 1 12 3 — Musgicl Woollen Co. 10 0 0 N.Z. Drug Co 3 16 0 — N.Z. Malay Rubber (pref.) 1 2 0 — N.Z. Paper Mills ... 1 9 8 — ' Otago Daily Times ’ 2 7 0 — Rcgenl Theatre 1 0 6 Smith and Smith (pref.) 0 17 0 .— •iREWERIES— N.Z Breweries ...I ... 2 2 3 2 3 0 OIL— Moluroa (ord.) - 0 4 3 i'OLU MINING— Beli-Hoc.pcr 0 0 4 0 0 61 Bcll-Kilgoui 0 0 — Bendigo Goldlight ... 0 0 h c 0 9 Bis Kiser — 0 1 0 Central Shotovc: , ... — c 1 U Gillespie’s C 1 5 0 11 Golden Point 0 c j — .Golden Progress ... 0 0 10 c 1 2 / Goldfield? Dredging — 0 0 104 Glcnrov ... ... ... C 1 0 — Kildare 0 1 10 — Kins Solomon — 0 4 P Lawson’s Flat 1 __ 0 0 ; 5 Maerewhenua ... ... 0 0 8, 0 0 0 Mahnkipawa — 0 0 11 Moonlight-Nelson Creek C 0 5( ■ p (1 61 Nevis Diesel ... ... 0 c 3* o 0 41New Cornish Point 0 0 101 Nokomn.i 0 3 2 0 3 3 Okarito ... 0 8 2 Usenbridgc- — 0 0 Ilf skippers — o o m Upper Sboiover ... 0 0 6 ~ Waitalm 0 4 0 c 4 2 Sandhills — (1 0 9 N.Z. GOVERNMENT LOANS/Bonds quoted are £100 Bonds.) 51 p.o. Stock, 19381943 106 .0 < _ 3j p.o. Stock,’ 19391943 106 0 0- — of p.c. Stock 19411943, .. ■ ... 106 f 0 — 31 p.c. Slock, 19581952 ... ' ... 106 0 0 — 3t p.c. Stock. 19391952 ... 10S t; 0 — 5. p’.c. Slock. 19411952 ’... ... 106 0 0 — 4 p.c. Bonds. Jan. 15. 1940 105 5 0 — 1 vi.i:. Slock. Jan. 15. 1940 105 5 0 — a p.c. Bonds,-Feb 15, 1946 : ... 106 0 0 — •I n.c. Stock. Feb. 15. 1916 106 c c 1 p.c. Bonds. April 15, 1919 K'o 5 0 — 4 n.c. Slock, April 15. c 1919 106 6 — 4 p.c Bonds. June 15. 1955 103 15 0 — I p.c. Stock, June 15. 0 1955 , 106 15 DIVIDENDS DUE. Gear Meat—interim. 2i p.c. To -da y Australian Glass—ord. and pref.. 9 per rent Jape c 1 Goidsbrough, Mort—6 p.c. p .a. June 28 North Broken Hill —Is 6ci , per 29 share payable Melbourne June Consolidated Goldfields—interim, 30 9d a share in Brit, cur J une Ulackwater Mines —final, Is 6d a share, tax free, in Brit . cur. June 30 Morris. Hedstrom. Fip—final 1 ot 2 per cent., making 4 per cent. per annum .. , . .1 une 30 Vj ri L'fh Tobacco—qua rtorl v, ord., U p.c .7 11 D c oC Queensland Insurance—interim. at rate ot 10 p.c. pei annum J un 2 National Mortgage—interim. 2i per cent July % N.Z. Breweries—Final, 3J p.c., half-year ... ... J uiy