DEALINGS ON 'CHANGE

Dominion, Volume 32, Issue 105, 27 January 1939, Page 12

DEALINGS ON 'CHANGE

Yesterday’s Business RETURN ON INVESTMENTS Sales recorded on Dominion stock ex changes yesterday are shown in the fol lowing list. In the second column is given the return based on the last annual divi dead from Investment at the quoted twice. In calculating the return on shares iu companies which pay their dividends outside New Zealand, the exchange rates have not been taken into consideration. The return of 4 per cent. Government loans in eludes redemption:—

WEAKER PRICES Australian Share Markets By Telegraph.—Dress Assn.—Copyright. (Received January 26, 9.45 p.m.) SYDNEY, January 26. Selling orders mostly controlled the Sydney investment market again today, most prices moving to lower levels. Several front rank industrials are withstanding the’nervous feeling very well. Sales

Morning sales included: Commonwealth Bonds, 4 per cent., 1044, £lOl2 17/6; ditto, 4 per cent., 1947, £lO3/5/-; ditto. 4 per cent., 1959. £lO3/12/6; British Tobacco, £2/7/-; Broken Hill Proprietary, £2/14/-; Colonial Sugar, £45 .10/-; Dunlop Perdriau, 19/101; Howard Smith, 19/-. MELBOURNE, January 26. Sales on the Stock Exchange of Mel-

AUSTRALIAN COMPANIES Increased Profits Last Year A statement received by the Australian Trade Commissioner in New Zealand says the profits announced in Australia for 1938 by 504 companies engaged in all industries with the exception of mining aggregated £24.712.100, compared with £23,188,047 in 1937. Though total profits increased by £1,524,053 fewer companies reported higher earnings compared with 1937. Higher profits were recorded by about 70 per cent, of the companies ai against 80 per cent, in 1937. The year’s aggregate result, taking into account the disturbed European affairs, drought. lower export prices, and rising costs, must be regarded as most satisfactory and reflects the growing efficiency in Australian works and also the expansion of industry. The principal sufferers were the pastoral companies because of the lower wool prices and the reduced clip. None of these recorded increased profits. The following list compares the principal profit-earners in 1938 with 1937 :— 1937. 19.38.

WELLINGTON. Sale price. £ 8. d. Yield p.c. ou investment. £ s. d. Inset. Stock, 4 p.c., 15/6/52-55 *99 0 0 4 1. Bank of N.Z. (-’) • ■ • • ♦1. 19 — 11 11 N.Z. Breweries : 2 1 0 4 Australian Glass (3) .. <> 8 0 15 Cousolid. Brick aO 8 1 10 10 0 7 Woolworths Ltd ♦1 2 6 ♦Late sale Wednesday. 111. a Reported after last Ci! AUCKLAND. £ s. d. £ s. d. Rural Bonds, -1 p.e., 98 2 15/0/47 Q 4 7 Inscr. Stock, 31 p.c., 99 10 15/3/39-43. (2) 0 6 Coiniu. Bank of Austr. 0 10 0 4 8 1 18 3 1 18 6 3 10 National Insurance •• 0 15 8 4 15 8 south British Insur. . 2 3 0 3 10 Renown Collieries, ord. 0 8 C 9 0 N.Z. Breweries (2) .. 2 1 0 4 11 British Tobacco 2 9 0 4 Broken Hill Ppty. ••• 2 16 9 4 8 1 National Electric .... 0 1 «> 9 7 o 0 7 i Ditto .... 0 7 6 —. Wilsons Cement 0 10 0 4 13 _9 Woolworths Ltd 1. 2 3 3 7 o Emperor Gold 0 9 9 Mount Morgan 0 10 3 Unofficial list: — Auck. Farmers FreesIng, £5 paid O 0 0 CHRISTCHURCH. £ s. d. £ 8. d. Comm. Bank of Austr. (0) 0 10 0 4 8 6 Coni in. Bank of Sydney (2) 21 0 0 4 3 4 N.Z. Breweries (3) .... 2 1 0 4 o 11 Broken Hill Pty 2 16 o 4 8 10 Dunlop Perdriau .... 1 0 9 6 14 11 Electro. Zinc, pref 3 6 • G. J. Coles 4 0 4 Woolworths Ltd. (2) . i 1 : 0 18 10 3 8 8 Grev River (3) 0 ■— Unofficial List: 6 Ballins Breweries .... 0 8 DUNEDIN. d. £ s. d. Bank of N.Z. (3) 1 19 0 - 6 National Insurance (2) 0 15 8 4 15 8 N.Z. Refrig., 10/- pd. 0 7 9 5 1 11 Dominion Fertilizer . *'l 2 0 9 1 Taranaki Oil 0 8 0 — Mount Morgan (2| ... 0 10 — — ♦Late sale Wednesday.

included: — £ s. d. Bank of New South Wales . 30 0 0 Com. Bank of Sydney •20 9 0 Ditto. N.Z. delivery ... •20 9 10 0 Colonial Sugar 45 0 Associated News 1 0 6 Ditto, pref. 1 3 1 British. Tobacco 0 0 Tooth and Co 13 6 Tooheys, Ltd Australian Glass 1 10 9 0 0 Farmers 1 9 David Jones 1 13 0 An thony Hordern ........ 0 14 9‘ Gibson and Howes 1 8 3 Mort’s Dock 0 13 <s Ditto, N.Z. delivery .. 0 13 9 W. Atkins 1 3 14 0 William Adams 0 9 Standard Cement 1 0 10 Cash Orders, N.Z. delivery 0 15 o Peters 2 11 0 Goldsbrough Mort 1 0 Henry Jones 8 ;; Woolworths, Ltd Electrolytic Zinc Mount Morgan, N.Z. de1 1 1 2 3 livery 0 9 11 Mount Lyell .1 4 6 Broken Hill Proprietary ... M 13 9 North Broken Hill *) 2 9 Broken Hill South 1 4 7 Zinc Corporation 4 0 Emperor Gold 0 9 0 Taranaki Oil 0 4 (5

bourne today included : — £ s. <1. Com. Bank of Australia ... 0 .15 4 Herald and Times 2 18 0 Australian Glass ;> 5 6 British Tobacco 2 7 0 Dunlop Perdriau 1 0 0 .Myer Emporium 1 9 3 Goldsbrough Mort 1 0 6 Emperor Gold 0 9 0 Loloma Mines 0 19 10 Mount Morgan 0 10 1

£ £ Broken Hill Pty. . .. 1,183,171 1,300.461 Colonial Sugar .... J ,036.336 1,060,786 General Motors-Hol-746,670 1,005,773 British Tobacco till ,386 911,479 TooTTi anil Co 774,69.) 841,388 Bank of N.S.W 543,242 .»47.835 Carlton and United 153,007 I93.668 Electrolytic Zinc . . . 536.613 459.524 Dunlop-Perdriau . . . 400.761 114,596 Comm. Banking Co. 342,04.1 305,975 Adelaide Electric Supply Co 393.443 365,592 Imperial Chemical Industries (A. & N Z ) 321.180 349,478 National Bank .... 325,627 347,401 Myer Emporium . . . 318,011 314,369 E.S. and A. Bank . . 276.127 280.593 Australian Glass . • • 231,190 287,628 Commercial Bank . . 247,435 262,384 Herald and W. Times 218,126 252,008 G. .1. Coles . 223,400 242,377 Associated News .. . 238,365 242,086 Aust. Paper Mfrs. .. 218,179 240,055