SHAREMARKET INDICES

Press, Volume XCIX, Issue 29365, 18 November 1960, Page 21

SHAREMARKET INDICES

Harnish And Jordan One: 20 Bonus

(New Zealand Press Association) AUCKLAND, November 17. Harnish and Jordan, Ltd., Auckland. Venetian blind and awning manufacturer, will make a 1-for--20 bonus issue, convert its present preference shares into ordinaries and make an issue of 30.000 new £1 preference shares. The chairman (Mr Alan G. Gray) announced this in a circular to shareholders today. The money to be raised will be used for financing “adequate manufacturing facilities and space.” Mr Gray says in his letter that trading results for the first six months of the current year confirm anticipations following the take-over of the National Blind group that a substantial increase in profit can be expected for the full year. The move will raise capital from £77.000 to £110,350.

Cyclone To Raise Pref. Dividends

Proposals to raise the dividends payable to preference shareholders in Cyclone Fence and Gate Company, Ltd., Christchurch, were announced yesterday. The present rate of preference dividend is 5 per cent. The board now recommends that this be increased to 51 per cent., with a maximum of 6 per cent, when the annua] ordinary dividend reaches or exceeds 10 per cent. The ordinary dividend has been 8 per cent, for the last four years. The interim ordinary dividend announced yesterday, has been raised this year from 3 per cent to 4 per cent.

The proposal to raise the preference dividends will be put to a special meeting of shareholders to be held at the time of the annual meeting in July. 1961. If they are approved, the new rate will take effect from April 1; 1961 and the first payment at the new rate will be made on October 1. 1961.

Griffins.— A steady interim dividend of 4 per cent, has been declared Last year’s final dividend was 6 per cent., and a bonus of 1J per cent was also paid. The dividend is payable on November 30 ex November 21.

Bycroft.— lnterim dividend of 4 per cent, (unchanged) has been declared. Last year’s interim dividend was followed by a final of 4 per cent, plus a bonus of 2 per cent. The dividend is payable on November 30. ex November 20

Alex Harvey.— lnterim dividend is 5 per cent, on fully paid ordinary shares, including the B shares, but not including the contributing shares allotted on October 1, 1960. Last year the 5 per cent, interim dividend was followed by a final dividend of 5 per cent., plus a bonus of 2J per cent. The interim preference dividend of 2J per ' cent, is also payable.

Loan and Merc, issue.— The directors of the New Zealand Loan and Mercantile Agency Company. Ltd., announce that, in connexion with the recent offer to ordinary stockholders of 750,000 ordinary shares oi £1 each 720.173 shares (96 per cent.) were accepted as of right. In accordance with the circular dated October 28. 1960. the unsubscribed balance of the shares will be sold for the benefit of the stockholders to whom they were provisionally allotted.— (P.A.)

Sharemarket Indices are:— New York. —Dow Jones: Rails. Shares Dec. 31 Indust. Sold 154.05 679.36 3.810.001 Jan. 5 160.43 685.47 3.710.001 Jan. 29 151 60 622 62 3.060.001 Feb. 29 149.95 630.72 2.990.0(M March 29 .. 154 20 620.35 2.320.00< April 29 139.83 601.90 2.850.001 May 31 139.66 625.50 3.750.001 June 30 143 19 64062 2.940.000 July 28 133.86 605.67 3,020,00( August 31 .. 136 72 625.99 3.130.001 Sept. 30 .. 125 42 580.14 3.370.001 Oct 31 125.07 580 36 2.460 000 Nov. 125.40 585.24 2.600.000 Nov. 2 126.60 588.23 2.780.001 Nov 3 127 88 59082 2.580.001 Nov. 7 128.03 597.63 3.540.000 Nov. 0 129.75 612 01 4.030.onr Nov. 11 129.75 612.01 4,030,000 Nov. 14 128.65 604.80 2.660.000 Nov. 15 128.70 606.87 2,990,000 Nov. 16 128.39 604.77 3,110,000 London.—Financial Times (industrial ordinary 1935 equals 100. Government. 1926. equals 100: gold 1955 equals 100) Indust Dec. ord. Govt Golo 31 .. 338.4 85.29 89 2 Jan. 4 .. 542.9 89.94 89 7 Jan. 29 .. 329.6 83 70 87.6 Feb. 29 .. 321.5 82 76 81 9 April 29 .. 310.6 81 98 70.2 May 31 .. 322.2 81 98 70 0 June 30 .. 315.4 79.34 66.4 July 29 .. 309.4 79.32 64.3 August 31 .. 332 3 79 73 65 6 Sept 30 .. 322.9 79.98 67 9 Oct. 31 .. 321.2 80 54 76 1 Nov. 7 .. 314.5 80.24 79.2 Nov 8 .. 315 6 80.24 79.8 Nov. 10 .. 313.3 80.55 79.4 Nov. 11 .. 312.7 80.70 77.8 Nov. 14 .. 311.0 80.78 78.2 Nov. 15 .. 312.9 80.80 77.9 Nov. 16 .. 315.6 80.85 78.5 Sydney.— Sydney Stock Exchange (July 1936-June. 1939 equals 100): Banks Retail Indus Dec 22 . 164 82 389 68 319.66 Jan 29 . 164 40 393.97 335 96 Feb 29 . 157 37 403 11 330 61 March 31 . 156 81 415.58 331.06 April 29 . 156 19 429 37 347 78 May 31 . 155.85 434 85 353 6< June 27 . 15166 448.14 357 50 July 29 . 150 09 459 24 362 54 August 31 . 146 32 438 20 366 84 Sept 30 . 145.13 428 66 355.86 Oct 28 . 140.88 421.88 333.4 Nov 1 . 141.02 410.12 330 25 Nov 3 . 14041 401.17 322 52 Nov 4 . 140.34 394 43 318 61 Nov •7 . 13955 390.64 315.78 Nov. 8 . 139.03 388.06 313.67 Nov. 9 . 138.57 383.13 309.04 Nov. 11 . 137.44 390.48 311.07 Nov. 14 . 136.45 378.69 304.38 Nov. 15 . 135.17 367.14 298.94 Nov. 16 . 132.48 348.78 287.05 Nov. 17 . 133.25 370.89 297.96