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NEW TRENDS

GOVERNMENT LOANS SAG INTEREST IN MINING SHARES The, tone was quiet but firm on the Dunedin Stock Exchange this morning, with some indications of a few alterations in trends. Mining shares were offered freelyThe quotation for Austral-New Zealand moved sharply upward, perhaps influenced by the announcement to-day that mining companies would not be subject to the excess profits tax. Bids for Government loans were fewer in number, and in some instances the figures were much lower than formerly. Sellers were again anxious to dispose of brewery shares at reduced prices. Otherwise the market continued to be a repetition of late trends. A sale of National Bank of New Zealand was reported at £2 Os 3d. an improvement on recent prices. Broken Hill Proprietary, after the call, netted £2 6s 9d. Westport Coals were on offer at £1 3s 3d, with buyer's bid steady. Taranaki Oils were offered at 6s 6d, at which figure there was a fair turnover of these shares in northern centres last month. New Zealand Drug rights went up to £1 7a 2d (buy.) and £1 7s 3d (sel.). SALE® REPORTED. —Yesterday.— Martha, 7s 9d. National Bank (after call), £2 Os 3d. —This Morning.— National Bank, £2 Os 3d. Broken Hill Proprietary (after call), £2 6s 9d. ' FRUIT AND PRODUCE SMALLER SUPPLIES AVAILABLE NEW MTATIES AND PEAS ARRIVING Reilly’s report that smaller supplies of most tinea have been available during the week, and business has been fairly quiet. Small consignments of apples continue to comb forward, Delicious and Stunners being the main varieties. Supplies are meeting with a fair inquiry. Limited consignments of Winter Nelis pears are realising satisfactory values. Cut flowers are in good supply, and some nice quality narcissi and tulips are netting fair values. A further shipment of oranges will be distributed at the begiainng of next week. A fairly heavy consignment of New Zealand lemons :s expected this week, and the market should be able to absorb fair quantities. Small consignments of New Zealand grapefruit continue to arrive, bub unfortunately supplies are wasty, and have had to he repacked before offering for sale. A shipment of bananas was expected to-day. A larger quantity is coming forward, and the fruit will have an excellent demand. A small shipment of pineapples : during the week netted satisfactory values. ‘ Heavy supplies of rhubarb are coming to hand, and values are lower. New potatoes and green peas are now being received from Nelson, and locally grown new potatoes from the Peninsula. Consignments of asparagus from Christchurch are commencing to come forward. A small parcel df Niue kuraeras came to hand to-day. Kumeras are now under the control of the Internal Marketing Division. There has been a satisfactory demand for fresh vegetables, cauliflowers, cabbages, and lettuces meeting with satisfactory ; sales. Both spinach 'and “cc-lcry are also*'' in demand. Table potatoes arc still difficult to dispose of at low values. Consignments of carrots and parsnips are sufficient for the present inquiry. Increased supplies of onions are coming to hand from Canterbury and netting tair values. Smaller supplies of whitebait are arriving, and values have,firmed. Heavy supplies of eggs arc coming forward, and the grading regulations are now in full operation. Values remain unchanged, with fair supplies being utilised for preserving and pulping purposes. There was only a small penning of poultry for Wednesday’s sale, with a satisfactory demand for good table birds. AUSTRALIAN STOCK EXCHANGES Pr«M Association—By Telegraph—Copyright SYDNEY, October 3. The Stock .Exchange to-day displayed a riaing trend, and scrip was difficult to aacure. Morning Sales.—Toohey’s, £1 8s Anthony Hordern, 14s Id; Australian Consolidate Industries (third instalment paid), £1 St; Broken Hill Proprietary, £2 4s 6d; Cash Orders, 15s; Colonial Sugar, £4B. Afternoon Sales.—Coles, £3 6s 6d; Morts Dock, 17s; Consolidated Industries (cont.), £1 Zs lid; General Industries, 16s 6d; Standard Cement, 19s 3d; Henry Jones, £2 14s 3d; Electrolytic Zinc, £2 11s 6d; Mount Lyell, £1 9s Sd; Mount Lyell (New Zealand delivery), £1 9s North Broken Hill, £1 17s 9d; South, £1 5s 9d; Placer Development, £3 9s; Oil Search, 4s. MELBOURNE, October 3. Felt and Textiles (ex rights), £1 13s; Broken Hill Proprietary, £2 4s 6d; Mount Lyell, £1 9s lid; Emperor, 10s 6d; Loloma, £1 3s 9d. COMPANY NEWS SOUTH OTAGO FREEZING. The annual report of directors of the South Otago Freezing Company Ltd. states that the stock dealt with in the past season comprised 360,543 sheep and 2,057 head of cattle, as compared with 317,223 sheep and 2,698 cattle in 1938. After making provision for depreciation and transferring £16,000 to reserve for income tax and social security and national security tax, the profit remaining (inclusive of last year’s balance) is £16,651 13s. The directors recommend that a dividend at the rate of 5 per cent, per annum also be paid, absorbing £6,630 10s, and that the balance of £10,021 3s be carried forward. MINING NEWS GREY RIVER pETURNS. The Grey River return for the week ended October 2 was 186Joz in 109 hours (18,555 cubic yards). The totals for September were 1,3620 z, 532 hours, 392,033 cubic yards. AUSTRAL-NEW ZEALAND. Austral-New Zealand Minin" reports for September were as follows;—Hours worked, 427; yardage, ,270,000; gold received. 1,082 ounces.—Christchurch Press Association. AUSTRALIAN MARKETS Pres* Association—By Telegraph—Copyright SYDNEY, October 3. The wheat market is quiet. Silo grain is quoted at 3s lljd, bagged at 4s 2J>d. Flour, £l2 10s. Pollard anil bran, £6. Potatoes: Tasmanian Brownells, £ls. ohers £l3 10s: New Zealand while skin-. £l3 10s, Dakota Red, £l2. Onions: Victorian Brown, £B, Maize, yelknv, ss. ,

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/ESD19401004.2.60.1

Bibliographic details
Ngā taipitopito pukapuka

Evening Star, Issue 23698, 4 October 1940, Page 7

Word count
Tapeke kupu
921

NEW TRENDS Evening Star, Issue 23698, 4 October 1940, Page 7

NEW TRENDS Evening Star, Issue 23698, 4 October 1940, Page 7

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