BETTER TONE.

Auckland Star, Volume LXIX, Issue 143, 20 June 1938, Page 4

BETTER TONE.

IjONDON STOCK EXCHANGE. ■' CHEERFUL At /THE CLOSE. ,' /..., ’ ' ■ LONDON, dime 18. The markets closed cheerfully, but business is’ still negligible. The feeling in the commodity markets is more cheerful than for some time. . . Following . upon . the, outstanding success of the defence loan come a batch 'of excellent’ company .results. The General Electric: Company’s . profits, touched the record'd £1,772,900, and its reserves were futther, '■.strengthened, by the allocation of £100,060 from revenue, bridging them to £4jsobjooo. ,: .'> Current . assets arc higher at nearly .£8,000,000.' It; '• The ; company’s works , are. fully, employed, necessitating recent extensions.. Overseas-Business continued to improve considerably; exceeding any previous year. New/ Zealand, Australia, : the Argentine. and-Inilia-.were' especially,■'good customers. Boots Drugs also report a record volume of sales; Callender’s Cables show the largest gross' profits in the company’s history, with a substantial increase in New Zealand, Australian and South African business, and are still .obtaining satisfactory orders. The “Economist’s” analysis of the results of 79 companies’ operations announced during the week shows an increase of 12 per cent compared with last year. The total profits of 1248 companies .analysed \ since . January 1 amount to £202,000,000, compared with £179,000,000 in the previous year.