PASTORALS FIRMER

Dominion, Volume 30, Issue 260, 30 July 1937, Page 14

PASTORALS FIRMER

Australian Share Markets B.H.P. AND E. ZINC LOWER By Telegraph.—Press Assu.—copyright. (Received July 29, 9.10 p.m. I Sydney, July 29. Apart from Broken Hill Ppty. and Electrolytic Ziuc, which were marked down further, general industrial shares on the Stock Exchange to-day remained at about late levels. Strong support was accorded the pastoral group. _ Sales: Bank of New South Wales, Lou 5/-; Bank of Adelaide. £6/10/10; Colonial Sugar, £4B; Burns Philp, 72/0. British Tobacco, 50/-; Australian Glass, 95/3; Dunlop Perdriau, 24/-; ditto, pref., 37/11; Goldsbrough Mort, 36/(1; Wilcox Moll'lii# 14/3. Henry Jones, 50/-; Australian Guarantee Corporation, 26/-; Malleys, 22/3; Felt and Textiles, 39/11; United Provisions, 10/3; Victoria Nyanza, 19/11; David Jones, 43/6. Anthony Hordern, 19/11; General Industries, 20/-; Woolworths (New Zealand), buyer £5/4/-, seller £5/7/-. Mt. Morgan, 11/6; Zinc Corporation, New Zealand delivery, £7/3/-; Kuala Kampar Tin, 23/71; Larut Tin, 18/6. Morning sales included; Commonwealth bonds, 4 p.c. .(1941), £lO2/1/3; 4 p.c. (1957), £lO2/12/6; 4 p.c. (1961), £lO3/7/6; Goldsbrough Mort, 36/71; Winchcombe, Carson, 36/-; Anthony Hordern, 19/11; Mark Boy (pref.), 22/-; Lustre, 21/41; Broken Hill Proprietary, 82/-; Electrolytic Zinc, 58/3. Melbourne, July 29.

On the Melbourne Stock Exchange today industrials were steady and bonds improved. Loloma gold was firmer. Safes: Commercial Bank of Australia, 18/3; G. J. Coles, £5/11/6; Australian Iron and Steel, pref., 27/6; Australian Glass, 96/-; Dunlop Perdriau, 24/2. - Goldsbrough Mort, 36/3; General Motors, 25/-; Kauri Timber, 23/-; Cox Bros., 20/9; Felt and Textiles, 39/-; Capel Court Investment Trust, buyer 5/3, seller 5/6. Electrolytic Zine, 57/6; ditto, pref., 58/9; Victoria Nyanza, 19/9; Mt. Morgan, 11/6'; Mt. Lyell, 43/1 i; Broken Hill Ppty., 82/9; South Broken Hill, 48/-; Emperor, 14/9; Loloma, 22/-. M.K. MILLINERY, LTD. Interim Dividend Unchanged The directors of M. K. Millinery, Limited, Auckland, have declared an interim dividend of 10 per cent., payable ou August 12. The interim dividend is at the same rate as was paid a year ago. A final dividend of 8 per cent, was paid on February 28 last, making 18 per cent, for the year ended December 31, 1936. The company has shown steady growth since ite inauguration in 1929 as M. K. Millinery Manufacturing Co., Ltd. In 1935 the present publie company came into existence, and as it manufactures for definite orders only, and does not carry manufactured stocks, the risk of loss is eliminated. Prior to June, 1935, accounts were made out to June 30 in each year. Last year’s trading to December 31, 1936, after providing for depreciation and other contingencies, resulted in a net profit of £6384. The report stated that the recent legislation affecting wages and hours was responsible for an additional wages cost of £4491 for the last six months’ trading. . . Dividend rate was raised from 10 to 18 per cent., and 8 per cent, was paid on the new capital. The distribution took £4000; and after adding £5OOO to general reserve and setting aside £1939 for income tax, there was a carry-forward of £232, compared with £2BG brought in. Total balance-sheet figures for the last financial year showed an increase of £4687. During the year capital was increased by the issue of a further 10,000 shares, which have been called to 10/-. In 1935 capital was raised from £2500 to £20,000. Current liabilities show a decrease of £290. On fixed assets £3lO more was spent than was written off. Goodwill has been reduced by the amount appropriated from last year. More or less liquid assets, including stock Wi'i (up £1978) and winter suspense £2902, aggregate £26,487. Money Market Rates Bv Telegraph.—Press Assn - Copyright. London, July 28. Discount and short-loan interest rates are as follows:—Day-to-day loans, -J per cent.: Hue trade bills, two mouths, 2 to 24 per ceut.; bank bills, three months, 9-16 per cent.: Treasury bills, six months, 5-8 per cent.; Treasury bills, three months, j per cent. New York, July 28. Call money is unchanged and is quoted at 1 per cent. Big River Report Big River Gold Mines, Limited, report for the period ending July 22: —Centre intermediate stope: In the north end the stone which is 3ft. Gin. wide has gone over into the footwall and is making behind the winze. Tn the south end drove 16 feet into the hanging wall on a seam of stone which varied in width from. 3ft. to 6in. wide. South block intermediate: In the stope in this block a splice of sloue came in from the winze and joined up with the hanging wall block. Now taking out 5 feet of stone which runs south from the east end of the main block. No. 5 level: In the south block stope, working south, the stone, which is now 2ft. wide, appears to be running into the hanging wall and away from the rise. Centre stope: Started on the north end where the reef track ca'rries seams and small boulders of stone. 103 tons of stone were delivered to the surface bins. Dividends and Calls

Sydney Grain and Produce (Received July 29, 9.10 p.m.) Sydney, July 29. Wheat: Nominally 5/5 a bushel or 5/71, including storage charges. The market is quiet, buyers holding off in view of uncertain overseas conditions. Flour, £l3/5/- a ton. Bran and pollard, £7/10/- a ton. Potatoes: Tasmanian, lb; others, z-j 5/- a ton. Onions, brown, £l3/10/- a ton. Maize, yellow, 5/6 a bushel.

Equitable Building—int.,'2 p.c. July 31 pref., p.c., p.a July 31 Smith and Smith. Ltd.—halfyearly, pref., 24 p.c July 31 G. J. Coles—final, quarterly. 1/6 a share and bonus share issue of one for ten July 31 Wellington Gas—int., 4 p.c. .. Aug 1 Christchurch Gas—int., 3 p.c. Aug. — Auckland Gas—int., 54 p.c. p.a. Aug 3 Perpetual Forests—final, 4 p.c. Aug. Mercantile Mutual Insurance — Aug. N.Z. Insurance—final. 1/- per Aug. 10 North Kalcurli (1912) —final for 1936. fid. (sterling) per share Aug. 10 Mort’s Pock—4 p.e Aug. 11 M.K. Millinery—int.. 10 p.c. Aug. 12 Oueensland National Bank — final 2} p.c., p.a Aug. 13 Farmers Fertiliser —6 p.c Aug. 15 Commercial Bank of Austr. — final, pref., 4 p.c.. p.a.; ord 6 2-3 p.c.. p.a Aug 19 Bank of New South Wales —6/per share Aug. 26 Electrolytic Zinc, final, ord. and pref., 9 p.c.. making 15 p.c. for rear, plus bonus, fid. per C11 a 1*(‘ Sept. 10 Calls— Associated Pulp and Paper Mills—fifth call of 2/6 per share Aug. 19