STOCKS AND SHARES
A SENSITIVE MARKET
POSITION IN LONDON
(By Tilt-graph—J'ress Asei.—Copyright.) (Received November 30, 10.30 a.m.) LONDON, November 29. A chequered week for the stock and share markets has ended cheerfully. Hitherto the double option on peace plus re-armament has been profitable, but a reminder of its peculiar risks came at last weekend when the ItaloGertnan recognition, followed by Great Britain's Sunday Cabinet meeting, caused the market to momentarily think it "heard the guns." The British investment markets were •also affected by the falls in Wall Street, and the Japanese-German Pact produced another setback during the middle of the week. But the anti-Communist crusade is at the moment regarded here as more bark than bite, consequently the nervousness has somewhat diminished. DORMAN, LONG DIVIDEND. ■ A characteristic example of the recovery in heavy industries is afforded by Dorman, Long's profits, which have risen to £1,128,01)0, or 34 per cent., enabling a 6 per cent, dividend to be paid on the ordinary shares after a lapse of 14 years. . , ,_ . In the share market industrials, gold, ■and base metals chiefly enjoyed the recovery with which the week closed. British gilt-edged securities and Dominion Governments' loans are firm: Commodities prices are very firm. During the week lead touched the highest point since 1929 at £23 17s 6d per ton and it is still in that vicinity with an increase in price expected.
Latest sales reported and niafle on the Stock Exchanges of the Dominion, with the highest prices and the approximate yields per cent per annum to investors (all subject to appropriate taxes and exchange where operative), based on the last year's distributions, and considering redemption and .brokerage in the case of redeemable securitiae where dated, were as follows:— ■ Highest Yield. price. p.c, p.a. £ ». d £ t. d. Wellington. Inscr. Stock, 3V4 p.c, . . 3/1939-43 a. 102 . 0 0 • 3 S 8 U.S. and A. Bank .. s. 5 1!) (i 2 10 2 .Anthony Hordern .... 0 18 11 2 3 2 Mount Morgan 0 15 G — Auckland. jST.Z. Loan & Merc, ord. stock 35 0 0 — Buy of Plenty Power Board, 4% p.c 106 10 0 — AA'oohVorths (N.Z.) .. 6 10 0 — Unofficial List— ilnincraft Engines .. 0 0 G — Christen u>-cn. ; Conirn. Bank of Aust. 0 10 ' 2 3 0 10 JJalgety and Co., ex div ' s, 10 7 G 2 17 10 Electro. Zinc, (pref.) ; 2 8 G 4 2 5 Mount Lycll 1 17 0 o 8 1 Mount Morgan 0 15 S — Sales reported— Inscr. Stock, 4 p.c, 1946 a. 101 15 0 3 IS 10 British Tobacco * 2 i 5 3 3 0 Unofficial-List— "Wool-worths Ltd " 7 S 9 — .AVoplworths.(W.A.) .. 6 14 3 — Ounedln. X.Z. 'Jjefrig. ..: 0 1!) -4 . 5 13 0 Is./j. Kefrig. : (10s pd.) ,094 5 17 10 1-Jectro. Zinc (ord.) . 2 6 9 4 5 G Gillespie's Bcacli 0 10 — Nokomai o 2 9 Unofficial List— AVoolworths Ltd 7 7 9 — *— Cum diy. a.—Market price includes accrued interest biit not brokerage. s.—U'.vidend paid in sterling-.
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Bibliographic details
Evening Post, Volume CXXII, Issue 131, 30 November 1936, Page 12
Word Count
495STOCKS AND SHARES Evening Post, Volume CXXII, Issue 131, 30 November 1936, Page 12
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