CABLES AND WIRELESS.

Auckland Star, Volume LXIX, Issue 224, 22 September 1938, Page 8

CABLES AND WIRELESS.

I RETURNS FOR AUGUST. . FURTHER DECLINE RECORDED. The declining trend in the receipts ol Cables and Wireless, Ltd. noted in recenl months, which appeared to have beer checked in June, recurred in the month o! July, and was continued last month. The following table gives the index figures for the past four years:—

I The basis of the calculation is the woik jing day average for comparable receipt* | tor the year 1929, which is taken as 100 i Ihe index numbers are compiled upon ; J strictly comparable basis.

8 THE AUCKLAND STAR, THURSDAY, SEPTEMBER U JMgFinance, Commerce, Markets ! S 9 UTHERN exchanges active competition, company affairs. trend of trade. ~N CHANGE. THE LATOT QUOTAS. '" ™"™»™- , L °™» SALES. LTD. """ ° E !!!!. A "*~ , ' SLIGHT DECLINES RECORDED. ■ VALUES ARE FIRMER. OUTLOOK FOR TRADE. DIVIDEND STEADY. — SLOWS r#JUN ARAIU ■*!«»— Buvora. skiers. —1—1 The . latest "Abstract of statistics'' OUUVVd AGAIN. •»"«■— ■•»»••»• ••"••*. ttFroPTrtrn vtttw™ ™,.n™ furnishes particulars of the bank debits, 01 . Bank of A'asla — ..10/15.0 MOKE BUSINESS RECORDED. VIEWED WITH MISGIVING. LARGER PROFIT. the total amount debited to all accounts u. B . nilI , „„ ••.■niim-rcirtl ... 15/7 .. 15/11 (excluding Government) by the trading HARBOUR BOARD LOANS CHEAPER k=aT of 85?'!.." I 2?i1# i! °il° /0 » fc 1 tal ««W 1U. «j Cross receipt* and net profit of banks during each week Sew ~ - 3071070 CHRISTCHURCH, this day. LONDON', September 21. Tooheys, Limited, for the year ended JJ- foTlott "* Following a busier d»Y yesterday the v ,S - VI '- re*-' 1 , 28^ 1 5'S •• — Over twice as much business was put 1 V t)l(> Lo °« ,on wool sales to-day 979.3 | July 31 were the highest since 1929 at 1937 Stock Exchange opened quietly this morn- XX. |, Slort; (Kpiidj 1$© " =1"'' 8 through on Exchange this morning as at ftmffef 38 ° 9 ° £ N 1T £780887 and £151,973 respectively. V" , *' 1RQS f«w, .n« and only a few .ales were at ■*.u, M U,c_ both call- yesterday. Values in the main £«; In the pveviou. year the net profit was Sept. 1£|££» gjgjg jggggO the first call and these reflected «V Natlonal ,,.*, 17 , n were firm, some industrials confirming low P«.ttU«. was again active. The bulk sold h*: f-fV^'^.S-ilt 'Tl Nov- 15 574 000 17.682.000 generally weak tone of the market. NowTutanV::::::" 2/l!# \\ 2/!$ prices recently ruling, but others, notably ™ te8 ' « erossbreds favouring .^^^nded 1 by £H0 '° 0C dl ' r,D3 the 18,321,000 20,041.000 fir^' l thr!*o r" t i ,,(,, ' tit '" 1ar V r f'f 11 ! t,ls slamla/i''. 1 !^..I:".:; 2 - /0 ■• 2/16/0 meU1 "' makin,t 8ubstantial *™ s - N*«r' Zealand greasv crossbred * Dividend has been maintained at 9 per 19 f- ■■' "fv". ; 19 f" anew nnd Innn .7.. l'."."»* u 1 • ,"l" ur " cny.nr... ' There was ver - v little interest in th.2 ,'NZWAIA." sold from 9d to lid per lb: ce nt, and requires £131,905, so that after Jan I3.o44.000 16,306.<JuO 16,707,000 /,.,l',n » • 1 ' v ,' »n"K of New FINANCIAL— ear!y sections. Bank of New Zealands Ahum," 9%d to 9%d- *!j„ e halfbred transferring £10.000 to receive and £5000 Feb Ki.073.ouO 22,016,000 20,942,000 ..', ,,■', r ''V. y " tp . ,, , , >- w 'th l.uy-ix D„ m . invesf.. Bank. (down 1<1) and GoldsbroughMorts (down '"tubs. '•Canterbury." to 13d- to officers' provident fund, £27.002 is car- March .. 1K,440,000 23,086,000 21,520,000 I,,,,," ,;!' LV,i.r'«V rM r T ,,w 1 , z,,n,: !'"' ,. AJWD -. ••:•■;:■-,■,; 17/9 " — 3d) recorded the only sales before the Sta J" 1 '" W *' <1 to 13<J: "Oakfcigh," I ried forward against £21,934 brought into Al.ril ••■£!«£<*» iffi'ono bin-"1 . Z \1 t u Wr ''.. •*•• . -4 ''""' " £'•'"■"'• a Ui " • 1« ""U ~ '• . 4/8/G miscellaneous division was reached. to 13Hil: "Eclipse." ©Vsd to w4d. the account*. M l ;'- V Jf'|»«#8ieWooo '"v "»"■ '"><- South Bntad, at 43/. J.-""- Am;. « p. d - .. 1/14/0 Australian Glass, at a drop of 2/ to 90/3, r.,„,„,o,.ti„K on tl.e wool sahi. Paid capital.is increased to £1,540.000 %™ .'.'.l U$$%0 ll^OOO luc.nt weakiiivs in local I )n Iv debcu- Kariu' Au.-f". (A pref) 1/0/6 " 1A il " ro »K''t quotations into line with recent '-'"iitcl. duct attention to the relative and reserve fund to £805.000. August . 14,184,000 16,123,000 •le.OlS.ObO ,■ «r,,Mhn "»!,i.| t , l , .t'I' .p'i""' 1 "^ 1 V',' 1 '/' Km-in. Ami. (B pref) _ .. i/i/o ower rates, but almost all other Indus- "„ ™ ro "; the cons W ,uonces Toohpy8 Sta „dard Securities, Limited, 'Four weeks only. ■ - ... " Auckland Marhoui Board Vn « Newton King (pref.) — .. m/o trials improved. «7 the international situation, but em-.ha- ( ,..„ f, ln ,u „f vhirh nre T.lvmccl to .,., . "«.'-' -, - iL 10 1 W»i. which changed hands at£HK) l.V. '■<>«'" nnil Mercantile — .. 33/O/ul The New Zealand miscellaneoiw group r ,!5e that the general trade situation must '!!" ' t : "LJ, "j" a „ " 'K '- 1 llcse figures give a fair idea of the cninpar.d with £ tijfi in ,|„| v . just befoic v Ak - Kami. (H pref) — ... lo,.rt| remained dull. Sellers of Dominion Fer- bo "ewed with misgiving. I £> V Ii j 1 1 1 ,1 r volume of business done generally. They t ho Iialfyear's dividend was' paid. Allow- L r »' t • ►. '"''■«T ! «■»**£ — •• , W£> tilise.rs were unsupported at 24/ and r ">' add that exports have been «eri- • it4 Vi the year ended .July 31. wh.c.a indk . ate the ieter gtate of trade during iiik for interest adjust. net.ts this shows ., lrrt ''- ' ,Da, ? ce (1>r<0 ~ " V°A>\ Farmers' Fertilizers had a wide market °" 8, >' r dwturbed and orders lost owing to | » the "f' ne M the P roht f <> r the winter and early spring, when exports drop oi approximately £3 17 0. In Gov- COAL— between 16/ and 20/.-. war fears, while considerable quantities c ' P' cvlou& J ear - aie low and internal trade is quieter, and eitinient stocks there was a better demand Grey Valley — 13/o' Mining issues were more active, Gilles- °',S.'" c °utr«cts remain to be worked off. Dividends of 5M per cent on the prefer- the greater activity in the summer time at the low rates recently ruling, but there Ptikcmlro ..!."'.!"!! 16/« "* 18/"|I )ies Beach and Maori Gullvs having fair . " n . r 1Isk insurance rates provided ad !i- ence and A preference shares absorb the and the flush of the export season. General were no offers for 53-57 3'£' B which wer» Kenown (ord.) '.'. 8/3 turnover. tional encumbrance to traders. No definite "hole of the profit. expansion of trade was indicated in the avail il.lc at £04 Kenown (pref.) 2/3 .. 2/81 Australian metal shares gained ground, trend w apparent, but day to day flue- Capital is £762,500, of which £12,500 is returns for 1996, and thia trend was conAustralian industriiU look-.. 1 n littb. i'!l lp ! r ! V «V . }¥~ " w/3 Buyers finished at 29'10 for Broken Hi'l tuations must be expected. ordinary, held by Tooheys, Limited,. tinued throughout 1937, culminating in easier. ' WestDort — "" 1>/1 Souths . 27'2 for Lyells and 46/ for North £300,000 preference, and £450,000 A pre- December with the highest figures recorded Improvement at Noon We*tj.ort " Stockton " / * ,/,> Broken Hills. Terence. The amount advanced to Tooheys, f° r that month. There was a check to M, 1,1;,,., :,,.,,.,.. 1 . ,i „ . (ord.) '. 4/0 4/9 PRIVATE CABLES. Limited, as at July 31 was £791,230, the rising trend in January last, and since f,-,r .', i. 1, ■ 1 1 """" '' i'-!\' Westport Stockton pf 6/0 .. 70 against £790,563 a year before. then there has been-a steady decrease by ,"""' "" "., ''! H showing a slight SALES REPORTED. ™ c .. ., comparison with the corresponding periods advance, while l.anks and Government OA8— The following cable dated London, a year agostock* were ounted Krmer Auckland (paid) 19/6 .. 1/0/0 September 20 was received by the Bank of DUNLOP PERDRIAU A sharp rise in Electrolytic Zincs was Auckland (cont.) .... — .. 14/9 (By TelegraDh—Press Association Australasia from Messrs. Balme and UUIMUUf KtMOKlAU. the mam feature, the preference shares Napier — .. 4/7/6 K f ±eu »»rupn. rress Association.) Thomas tfwlay:—"London colonial wool PARI FQ ANn WIRPI F^^ moving up -V to a sale at £2 5'. with Wellington — .. 1/14/6 CHRISTCHURCH sales all New kealana crossoreds unchanged D . T UHDLt ° HnU nmcl - C00 ' cl.wing quotations firm on that figure. SHIPPING— CHRISrCHURCH. compared with closing rates of last series: BALANCE-SHEET FIGLRLS. Broken Hill Proprietary were active, the , Wwlnesda.v. —Broken Hill Proprietary, competition keen for home trade and . ■ ;i;;„f;i , ;i ( tl; , Ti: tl r i, v ,i ? t ? , , bi v™ :: - 4A , iW-' 0, ,c,,,,) 17/0; T ' on ' . . ' ™ accounts oi the Du..io P m* v returns for august. in.umng quotations, though a shade below Northern Steam (con) — .. I/O Tins Day.—Bank ..f New Zealand, f.' l »e following is a copy of a cable Rubber Company, Limited, for the year .\e.ter. ay s. .rate- „ . , luii.n Steam (pref.) . — .. 1/6/3 2/; Goldsbrough Mort. £10/8; Australian received by the New Zealand Loan and ended June 30* confirm the profit of I In the mining Barrier shares showed a TIMBEa _ "lass..£4 10/8: Broken Hill Proprietary, Mercantile Agency Company from London £414,597 announced in a preliminary state- j FURTHER DECLINE RECORDED. .•.arrho.omew _ .. 18A> ts IM % I'o. J "fflV £3 Z l7 C /2 "ffi: ™ " 0 %* *&£**<- »• l»38:-"Fifth ment by the directors This figure is £I 0'ft K " lr ' Timber 1/2/0 1/3/0 ""kl Oilfields. 12/4: Gillespie's Beach. ** r '™ opened to-day. Keen general com- £483o higher than that of the previous T] declini - n - trend in the receints of rt 1 v v A 1. a u .* l-.'.vland. O'Brien .... — \. 18/0 HH; Maori Cully, tld (2): Broken Hill Petition. Continent and Yorkshire chief year, and exceeds that of £411,630 shown Cables and Wireless T td noted fnr^Unt , R " nk PW Z . e :J lan l7 had Vtter National 8/0 ' - South. IC 1 0/11 (2); Mount Lyell. £1 buyers. Merino greasy in buyers' favour, in 1929, the year following the amalgama- I IfltL ♦ fc /k „ buven-i at £2 2/2. with sellers 6d higher. Uotoitl 3/4 .. 4/3 7/2 (2): North Broken Hin (cum div.). Merino scourefT par to %d lower, cross- tion of the Dunlop and Perdriau com- non ths which appeared to have been and offers for Nationals were raised to £2 Timpo, Totara (ord.) 4/9 .. _ £2 6/(2). _,_._■„.. hred greasy in sellers' favour; otherwise panics. The 10 per cent preference divi- vl,'," :"" e ' T"!? i" ' m0 »f ° f 12/ without attracting a selling quotation. Taupo. Totara (pref.) — .. 18/0 WELLINGTON. dend takes £93.000, and ordinary dividend J, !>' an( ' wa » continued last month Holldav on Montev Tariugamutu - .. 13/0 Wcdnesday.-Rtock, 15/2/43-46. 4 per unchanged at 7 per cent, requires £263,595 fir f he f follo ; v ' n g table gives the mde* r,-, r? "°" My *" ""•"■•y- WOOLLEN— Jeent. £1(>«: Amalgamated Brick (Auck- It is proposed to transfer £60,000 to gen- fi S" re s f«r the past four years:— The Exchange will observe next Mon- Kaiur.of maim — »n/o ,,a " ,1>> I/*/ 44 . ° l ,er cent » £97; Commer- FIRM IN SYDNEY eral reserve iqt4 io<jr 1057 day, Dominion Day, as a holiday. Ka DoMcSnt) — ** >J/» rial Bank of-Anrtmlt* <pr*f.>. v;0 6/«: »TuwtT. erai jesene. SpTlfnmK „ ". " 8 f' " S ?" " 3 Iv"i„! (VSJSfr •*"• '• ,S^X' Kn « r i Timber, £1 2/6; Carlton Brewery, The company s profit on trading, inter- September ... 70.3 75.5 70.7 72.6 ■ tvaiapol (prerj .„,..„ — .. 16/0 £3 0/5. SYOVFV Se^t» m K OT ot est . dividends on investments, including October 73.6 78.8 75.9 76.5 •At*. coMrixTO. TTTirw; ■■^*^[S633n , t t h. Lt iv S„^^ '•- ~->" ™ S85 III •T TO «*,.P*eALUY»T«m N »Y- &&&ffiJ&°" - 74 3 :i Vd ?J ?i? W«T..: Li!:: J! «=TK5.. w .. 8/ o ™- S iem^&: f bXr- c fc oTth: f g | ?I| I! Dom. BrewerlM 1 10 O . . 1 10 9 Aust. (ilaas 4/9/0 .. 4/11/3 Wednesday.—Bank of New Zealand, £2 fcta .P le - 1930 ,„„ .„„„ August «7i ««V? Jf.1 S. 3 ".? Barns. Phlln ... 2 IO » .. _ An>t Inn «m m V "' %A,k 2/ ( 2) : New Zealand Breweries. £ 2. Greasy Merino sold up to 18d per lb. .„ „ 1J . rf0 - 1J37 - ,J ; 38 August 67.1 69.1 73.V 60.2