SYDNEY STOCKS

Press, Volume CI, Issue 29824, 17 May 1962, Page 17

SYDNEY STOCKS

Gains For The Week

(NZ. Press Assn.—-Copyright)

SYDNEY, May 16, Investment stocks rose more strongly this week on the Sydney stock exchange. The ordinary share price index rose 2.25 points to 309.09 in the week to Tuesday, May 151

Banks and insurance companies have remained active and firm.

Rothmans dropped 3s to 74s 6d. Mark Foys released news of a decline in profits of over £lOO,OOO, although dividends will be maintained at 12J per cent. Initially the shares fell more than 2s to Us but later firmed to Ils 9d. The Victorian based soft drink retailer, Marchant and Company. Ltd., was added to the official list yesterday, but no sales were recorded. The hire purchase company, 1.A.C., reported the acquisition of a 37$ per cent, interest in the L. J. Hookersponsored project. Centenary Estates. The shares of all three companies were unaffected.

New Companies

Among new company registrations in the current "Mercantile Gazette” are the following Christchurch companies : Cole-Ford, Ltd. Private company, May 2; c/o. Jameson, Son and Anderson, public accountants, 176 Hereford street. Christchurch. Capital: £2OOO. Subscribers: Christchurch—C. R. Dunford 1. J. E. Colechin 1989, B. F. Anderson 10. Objects: Manufacture, assemble, buy, sell and distribute goods and incidental.

Five Star Trading and Discount Company, Ltd. Private company. May 4; c/o. N. W. White, 183 Cashel street, Christchurch. Capital: £lOO. Subscribers: Christchurch Twiss Cycles, Ltd., 20, D. C. Crooke 20, J. E. Duncan 20. A. Jeffrev 20, D. G. Pettigrew 10, J. R. Guthrie 10. Objects: Importers, exporters and incidental. Lynley Farm, Ltd. Private company. May 1; c/o. Pyne, Gould, Guinness Ltd., Tlmaru. Capital: £lOOO. Subscribers: Temuka—A. G. Turley 500 preference, 491 ordinary, M. J. Turley 1 ordinary, G F. Turley 1 ordinary, E. I. Turley 1 ordinary, L. H, Stratford 1 ordinary, J. E. Stratford 1 ordinary, J. Redmond 1 ordinary, B. A. Redmond 1 ordinary. Tlmaru— R. E. Sullivan 1 ordinary, W. BMoody I ordinary. Objects: farming and incidental. McKellow and Hume, Ltd. Private company. May 4; 88 Montreal street, Christchurcn Capital: £lO5O. Subscribers: Christchurch—W. Bettie 1000 V. H. Bettie 50. Objects: Panelbeaters, metal workers and incidental.

Palmers Transport, Ltd. Private company, May 3; c/o. T. D Craig, public accountant, 159 Manchester street. Christchurch. Capital: £2500. Subscribers: Southbridge—B. L. Palmer 10 W. A. Habgood, Ltd., 2490. Objects: Carriers and incidental. Trade Service Holdings, Ltd. Private company. April 6: c/o Burtt, McGillivray and Mann, public accountants, 153 Hereford street. Christchurch. Capital: £lOOO. Subscribers: Christchurch—W. K., Jones 500, B. M Jones 500. Objects: Deal in property and incidental.

Claude Neon N.Z.—interim dividend of 4 per cent, is payable on May 31. ex dividend May 26. Last year interim 4 per cent, was followed by a final 4 per cent., making 8 per cent, for the year.—(P.A.)