BARRIERS WEAKER

Dominion, Volume 31, Issue 124, 19 February 1938, Page 12

BARRIERS WEAKER

Australian Share Markets '■l By Telegraph.—Press Assn.—Copyright. (Received February 18, 9.20 p.m.) Sydney, February 18. Investors were in hesitant mood on the Sydney Stock Exchange to-day, and the amount of business written was the smallest for some time. The market was featureless. Sales; Commercial Banking Co. of Sydney, £2O/3/-; National Bank, £5 paid, £7/5/-; Bank of Adelaide, £6/7/0; Associated News, 22/4J; ditto, pref., 25/-. Howard Smith, 20/9; Australian Gas, A, £7/11/-; British Tobacco, 49/9; G. J. Coles, 79/9; Dunlop Perdriau, pref., 39/-; Farmers, 33/-. Kando67ex div., 26/-; Sargents, 29/9; Taubmans, 66/6; J. McGrath, 40/3; Traders Finance, 24/6; Woolworths, 26/-; Peters, 55/6. Broken Hill Proprietary, 61/9; North Broken Hill, 49/-; Taranaki Oil, 6/9, Morning sales included: Bank of New South Wales, £32/7/6; Tooths Brewery, 55/-; Anthony Hordern, 18/10 J; British Tobacco, 49/9; Broken Hill Proprietary, 61/9; Colonial Sugar, £46/12/6; G. J. Coles, 79/9.

Melbourne, February 18. On the Stock Exchange of Melbourne to-day Barriers were weaker on the reduction of the North Broken Hill dividend to 9d. Industrials and bonds were steady. Sales: Commercial Bank' of Australia, 16/9; National Bank, £5 paid, £7/6/-; British Tobacco, 50/-. G. J. Coles, 79/9; Drag Houses, 26/4J ; Dunlop Perdriau, 23/-; ditto, pref., 38/9. Electrolytic Zinc, 46/3; ditto, pref., 48/6; Mount Morgan, 9/2; Mount Lyell, 30/-; Broken Hill Proprietary, 62/-; North Broken Hill, 49/0; Broken Hill South, 3,3/li; Emperor, 11/7. Interim Dividend Passed By Telegraph.—Press Assn. —Copyright. (Received February 18, 9.20 p.m.) Sydney, February 18. No interim dividend on the ordinary shares will.be paid by the Producers and General Finance Corporation Ltd. for the half-year ended December 31, but the half-yearly dividend on the 7 per cent, preference capital will be paid.

North Broken Hill Dividend Cut

By Telegraph.—Press Assn.—Copyright. (Received February 18, 9.20 p.m.) Melbourne. February 18. The North Broken Hill quarterly dividend, announced to-day, is at the rate of 9d. per share, compared with 1/3 a share for the previous quarter. Dividend Announced By Telegraph — Press Association Dunedin. February 18. Mclntosh, Caley, and Phoenix, Ltd., have declared a dividend of 3| per cent, per annum.Britain’s Balance Of Payments / By Telegraph.—Press Ascn.—Copyright London, February 17. Great Britain’s overseas balance of payments for 1937, according to the Board of Trade final estimate, showed a deficit of £52,000,000, the largest since the crisis in the year 1931. This visible deficit is largely offset by the expansion of invisible exports, the biggest rise in which is shown by shipping income, which is estimated to be £130,000,000, or £45,000,000 more than for last year.