Commerce, Mining, Finance

Evening Star, Issue 23697, 3 October 1940, Page 12

Commerce, Mining, Finance

BREWERIES FALL YESTERDAY'S TRENDS CONFIRMED SEVERAL MINOR CHANGES There was an uneventful first callover • on the Dunedin Stock Exchange this morning. No major developments showed, apart ' from the confirmation in the drop in brewery values, registered yesterday. To- « day’s quotations shewed all New Zealand Breweries on a lower level. For Carlton (Australian) Brewery, there was, however, an increase in the bid. Less interest was shown in Government ' loans, but what bids there were maintained late rates. A sale of Bank of New Zealand was recorded, the rate having been unchanged for some considerable time. Perpetual Trustees were on offer at £2 12s, Broken Hills eased slightly, being on offer • at the same figure at which sales were effected both here..and in Christchurch within the past two days, but an upward trend has been evident since the second week in September. The bid for G. J. Coles (£3 7s) is still a good way below present • values, these shares also having appreciated fairly strongly; With an offer standing at : 9s, the bid for Mount' Morgans rose steeply to 8s fid, this .‘figure passing, or equalling, ell recent sales. Mining shares showed considerable activity, with no change in quota- , tions. , SALES REPORTED. —Yesterday.— Kaiapci (cont.), 5s 3d. Okanto, 7jd. —This Morning.— Bank of New Zealand, £2 2s fid. AUSTRALIAN STOCK EXCHANGES Press Association —By,Telegraph—Copyright SYDNEY, October 2. Leading industrial shares improved on the Stock Exchange to-day. Morning ‘ Sales. —Commonwealth Bonds: 4 per cent, 1941, £lO2 10s; 4 per cent., 1981, ■ £lO7 Is 3d. Tooths,- £2 11s; British Tobacco, £2 9s fid: Cash Orders, 15s; Dunlop Perdriau, 18s 4|d. , Afternoon Sales.—Commercial Banking of Sydney, £l9 10s; National Bank (£lO paid), £ll 17s fid; Burns, Philp, £2 14s 3d; Tooheys, £1 8s 4d, Consolidated Industries, - £1 15s 6d; Farmers, £1 7s; Goldsbrough, Mort, £l 9s fid; Electrolytic Zinc, £2 11s fid; Broken Hill Proprietary, £2-4s 3d; Mount Morgan, 8s sd; Mount Lyell, £1 9s fid. MELBOURNE, October 2. Consolidated Industries, £1 5s 3d; Dunlop Perdriau, 18s sd; Howard Smith, £1 0s 6d; Emperor, 10s fid; Loloma, £1 2s 3d. NEW ZEALAND PDTATDES SHIPMENTS TO AUSTRALIA Press Association—By Telegraph—Copyright ‘ SYDNEY, October 2. With the arrival of only 5,600 sacks of Whiteskin potatoes from New Zealand' today the prices of that variety were advanced 10s to £l3 10s a km. Dakota Reds, of which 11,700 bags were received, were fixed at £l2. The demand for New Zealand potatoes is expected to be very keen owing to the marked shortage of Tasmanian shipments. COMPANY NEWS GEAR MEAT COMPANY LTD. A special general meeting of the shareholders of the. Gear Meat Preserving and Freezing Company of New Zealand Ltd. has been called for October 10 to put before them a proposal to make two important changes. One change contemplated is the alteration of the name of the company from its present rather elongated title to that of the. Gear Meat Company Ltd. The other proposal affects the articles of association, inasmuch as it proposes to change the order of the directors’ term of office and the voting power. Under the i existing articles of association at a poll .each member has one vote for each share up to five, and one for every additional five shares, but no member has more than 30 votes. Under the proposed new articles the directors suggest one vote for every 10 shares or fraction thereof, no member to have more than 250 votes. A further proposal affects iho order of the rotation of the directors. AMALGAMATED WIRELESS. Amalgamated Wireless has advised the Stock Exchange Association that it has declared a final dividend of 5 per cent., payable on October 24. MINING NEWS BULOLO GOLD. ' For the month of August the total gross production of Bulolo Gold Dredging Ltd. amounted to 22;3040z of bullion containing 15,3890 z of fine gold from 1,613,000 cubicyards. The estimated working profit was 7,2540 z fine gold. WHITE’S ELECTRIC. The return of White’s Electric Dredging Company during the week ended September 27 was 570 z of gold from 9,540 yards, 150 hours’ dredging time. WEST COAST DREDGES. Returns for September are: Barrytown dredge, 511 oz for 436 hours (170,000 yards treated). Kanieri, 9820 z for 462 hours (248,000 , yards). Arthur a, 8220 z for 535 hours (314,000 yards).

DUNEDIN STOCK EXCHANGE THIS MORNING'S CALL . LATEST QUOTATIONS

DIVIDENDS AND CALLS. The following is a list of shares on which dividends will shortly be payable:— Hume Pipe—Pref., 3J per cent.; ord., 3 per cent Oct. ? Woolworths (Victoria) Ltd.— per cent, pref Oct. 15 Woolworths Ltd. (Sydney)—Halfyearly, 6 per cent, (ord.) Oct. 15 Woolworths (N.Z.) —Final, pref., 9 per cent, per annum, less tax ... Oct. 15 Amalgamated Wireless—Final, 5 per cent. Oct. 24 South British Insurance—Final, 9d a share, plus bonus (3d) Oct. 24 William Cable (pref.) - Halfyearly, 51} per cent Oct. 25 N.Z. Guarantee Corp.—Final, Id a share,, making 5 5-9 per cent. per annum Oct. 30 Martha Gold Mining—lnterim, 6d a share, free of British income tax Nov. 1

Buyers. Sellers £ s. d. £ s. d N.Z. GOVERNMENT LOANS3| p.c. Bonds, 1953-57 101 0 0 _ 3i- px. Stock, 1953-57 101 0 0 — 5'i px. Stock, Nov., 15, 1911 ... 101 0 0 4 px. Bonds, 194346 102 10 0 — 4 px. Stock, 1943-46 102 10 0 — 4 p.c. Stock, Nov., 1949-52 106 15 0 4 p.c Bonds, 1954-58 107 10 0 4 p.c. Stock, 1954-58 107 10 0 — BANKING— New Zealand (£1) ... 2 2 3 2 2 9 New Zealand, Bong “ » ” (£i) 1 8 0 — National of New Zealand (£2 10s) ... — 2 1 0 Union of Australia Ltd. (£5) 7 1 0 _ INSURANCE— National (7s) 0 18 6 0 19 0 Now Zealand (£1) ... 3 0 0 — Standard (£1) 2 18 0 SHIPPING— P. and O. Deferred Stock (£1) — 1 4 0 U.S.S. Co (pref.. £1) 1 6 0 — MEAT PRESERVING— Canterbury (pref., 6 10 0 £5) — N.Z. Refrigerating (paid, £1) ' 1 0 10 N.Z. Refrigerating (cont., 10s) 0 0 9 5 9 7 Southland Frozen (paid, £1) — 1 17 0 South Otago Freezing (£5) 5 2 0 — LOAN AND AGENCYNational Mortgage 0 (£2) — 2 0 National Mortgage 1 0 (“ B ” Issue, £1) ... 0 — N.Z. Guarantee Corp. (3s) 0 3 3 — Perpetual Trustees (18s) ... 2 10 0 2 12 0 Trustees Executors and Agency (£3) ... ... 4' 2 0 — Wright, Stephenson (ord., £1) — 1 0 3 COAL— Westport ... 1 2 6 — Westport-Stockton 2 (ord.) — 0 4 Westport-Stockton (pref.) ... 0 5 0 OIL— Taranaki (£1 4s 7d) _ 0 6 6 Taranaki Oil Development (cont.) — 0 4 0 WOOLLEN COMPANIESBond’s Hosiery (£1) 1 7 0 — Bruce (ord., £1) 0 18 4 — Bruce (pref., £1) ... 1 0 0 — Kaiapoi (ord., 17s) ... i — 0 14 9 Kaiapoi (pref. 17s) Timaru (£1) 0 16 0 12 3 0 — Wellington (pref., 6 15 £5) ... 0 —

MISCELLANEOUS— Australian Consol. Ind. (£1) 1 15 0 Australian Iron and Steel - (pref., £1) ... 1 6 9 Broken Hill Proprietary (£1) 2 6 3 2 7 0 Chas. Begg and Co. X 1 0 — Crystal Ice Co. (£1) 2 1 0 — D.I.O. (pref., £1) ... 1 3 6 — Dominion 'Rubber (£1) 1 1 6 G. J. Coles 3 7 0 — Macduffs Ltd. (pref., £1) _ 0 19 3 Milburn Lime and Cement (£1) 2 0 0 J. M'Kenzies Dept. . Stores (£1) 2 4 6 2 7 6 National Electric (£1) 0 17 0 — N.Z. Drug Co. (£2) — 3 14 9 N.Z. Drug Rights ... 1 7 0 — Otago Daily Times ’ (£1) ... 2 0 3 Regent Theatre (£1) — 1 0 6 VVoolworths (Sydney, ord., 5s) ' — 0 18 9 BREWERIES— Ballin’s ... ‘ 0 12 0 New Zealand (£1) ... — 1 14 0 Dunedin — 1 2 6 Carlton (£1) 3 4 0 — OVERSEAS MINING— Broken Hill South (5s) 1 5 6 Electrolytic Zinc (pref., £1) 2 13 0 Emperor Mines, Fiji (IQs) 0 10 9 Mount Lyell (£1) ... 1 8 6 — Mount Morgan (2s 6d) 0 8 6 0 9 0 North Broken Hill (5s) 1 16 0 — N.Z. MINING— Austral N.Z. (£1) ... 1 4 9 Big River (Is) ... ... 0 0 6 0 0 7 Clutha River (2s) ... 0 1 9 — Gillespie’s (Is) 0 0 5 0 0 6 Martha (5s) . 0 7 6 — Nokomai (5s) 0 1 0 — Okarito (5s) 0 0 7 0 0 9 Sandhills (Is) ... ... — 0 0 1 Waitahu (5s) 0 0 7 0 0 8