Late Commercial

Dominion, Volume 34, Issue 189, 8 May 1941, Page 6

Late Commercial

AUSTRALIAN EXCHANGES (By Telegraph.—Press Assn.—Copyright.) (Received May 7, 11.20 p.in.) SYDNEY, May 7.

A firmer tendency was' noticed on the Stock Exchange today with an increased turnover. Sales included: Commercial Banking of Sydney, £lB/8/-; Associated News. 11/9, pref, 15/-; Australian Gas, A, £5/2/6; General Industries, 17/-; Morts Dock, 18/3 ; Adams, 14/-; Howard Auto, New Zealand delivery, 12/-; Felt Textiles, 37/3; Electrolytic Zine, 51/-, pref., 52/-; Rawang, 7/3; Larut, 6/2. MELBOURNE, May 7. Sales ineluded: Commercial Bank of Australia, 12/10; Metropolitan Gas, £l2 10/-; Broken Hill Proprietary, 39/9; Drug Houses, 26/-: South Broken Hill, 23/1; Loloma, 21/6. BYCROFTS, LTD., DIVIDEND Dominion Special Service. AUCKLAND, May 7. The net profit of Bycrofts, Limited, for the year ended March 31, was £12,087. against £11,734 in 1940. The directors propose to maintain the dividend at 8 per cent, (final 4 per cent.), requiring £12,000, and leaving £4875 to be carried forward, against £4788 brought in. Gratification is expressed in the report at having at least earned a dividend, in spite of the exceptional difficulties which at present surround the manufacturing business. Any continuity of this was difficult to foretell, and naturally the directors were unable to forecast what the effect any further increased taxation would have.