COMMERCIAL

Evening Post, Volume CXXXI, Issue 101, 1 May 1941, Page 5

COMMERCIAL

AUSTRALIAN SHARES STEADIER. SYDNEY, April 30. The Sydney sijare market settled down today at around late rates which are steadier than for some time. Sales included:— Commercial Banking Co. of Sydney, £18 2s; Union Bank, £6 10s; Colonial Sugar, £44 12s 6d; British Tobacco, £2 4s 6d; William Adams (pref., cum dividend), £1 2s 6d; William Atkins, £1 2s; Newbold Brick, £1 ss; Standard Cement, £18 10s; Kandos Cement. £1 9s 4d; Farmers, £1 6s; Tooheys, Ltd., £1 6s 9d; Tooth and Co., £2 10s 9dj Anthony Hordern, 13s; Anthony Hordern (pref.). £1 Is 3d; Australasian Paper. £1 13s l&d; Aust. Consol. Industries, con., £1 12s 6d; Broken Hill Pty:, £1 19s 7£d; Woolwbrths, Ltd., 15s; Mt. Lyell, £1 6s lOd; Oil Search, 5s 2d.—U.P.A. MELBOURNE, April 30. Sales on the Melbourne Stock Exchange today included:— Union Bank, £6 9s 6d; Gpldsbrough Mort, £1 4s; Dunlop-Perdriau, £1 0s 2d; Dunlop-Perdriau (pref.), £1 15s 6d; Broken Hill Pty., £1 19s 6d; Broken Hill Pty., contrib., £1 3s 3d; Emperor Mines, 10s.—U.P.A. LEWIS EADY CAPITAL. Lewis Eady, Ltd., Auckland, had a net profit of £7513. for the year ended March 31. It is proposed to maintain the ordinary dividend at 8 per cent, (final 4 per cent.), with a fixed preference dividend of 6 per cent. A proposal is to be submitted to shareholders to reduce the capital of the company from" £37,447 to £31,151 by the return of 5s a share on 25,182 £1 preference shares, being capital in excess of the needs of the company. DIVIDENDS ANNOUNCED. The Bank of New' South Wales announces that an interim quarterly dividend of 6s «a share in Australian cur? rency at date of payment will Jbe payable at head office, Sydney, on May 28, and at branches on receipt of advice. Transfer books close on May 12. Prestige (N.Z.), Ltd., has advised the Stock Exchange Association that a dividend at the rate of 6 per cent, per annum, payable on May 1, has been declared on preference shares for six months ended March 31. LONDON MONEY MARKET. LONDON, April 30. Discount and short loan rates on the London market are as follows:—Day-to-day loans, 2 per cent.; fine trade bills (3 months); 2& to 3 per gent; bank bills (3 months), 1 1-16 per cent.; bank bills (6 months), 1 1-8 per cent; Treasury bills (2 months), 1 per cent.; Treasury bills (3 months), 1 per cent.— U.P.A. NEW YORK, April 30. Call money is unchanged at 1 per cent.—U.P.A. SILVER AND TIN MARKETS. LONDON, April 29. Silver.—Standard. 23£ d per oz; fine, 25 3-Bd. Tin.—Spot: Buyers, £269 15s per ton; sellers, £269 10s. Forward: Buyers, £265 15s; sellers, £266.—U.P.A. LOCAL MARKET PRICES. Laery and Co., Ltd., Townsend and Paul, Ltd., G. Thomas and Co., Ltd., D. Bowie and Co., Ltd., Thompson Bros., Ltd., A. Pope and Co., Ltd., and Turners and Growers (Wellington), Ltd., report prices as follows:— Quinces, 8s to 11s S-case; grapes, hothouse, Is 6d to 2s Id per lb; passion fruit, Bs-to 13s i-case; tree.tomatoes, 7s to 7s 6d; tomatoes, Hutt coloured 2s 6d to 4s, Hutt. ripe 5s to 7s 9d, Hutt round 3s to 9s; .cape gooseberries, 4s to 5s 6d, all per £-case; beans, 12s to 30s banana case; cucumbers, outside, 3s to 3s 9d banana case; green peas, 12s to 28si>sack; pumpkins, 3s to 6s 6d sack; potatoes, 9s to 13s 6d cwt; onions, 7s to 10s cental bag; kumeras, 10s to 13s sugar bag; sprouts, Ids to 18s bushel case; cabbage, 4s to 8s 6d sack; cauliflowers, 7s 6d to 13s 6d sack; lettuce, 4s to 7s case; silver beet, Is to 2s 3d; spinach, 7s to 15s 6d; marrows, Is to 2s 6d; swedes, 4s to 8s 3d; parnsips, 5s 6d to 12s 6d; beetroot, 3s to 6s; carrots, 3s 6d to 7s 3d; celery, 4s to 7s, all per case; rhubarb, 4s to 6s dozen bunches. LONDON EXCHANGE RATES. (By Telegraph—Press Association— Copyright.) LONDON, April 28. ~ Foreign exchange rates are:—New i'ork, (dollar), 4.03; Montreal (dollar), 4.45; Switzerland (fr.), 17.35; India (rupee). Is 5 l-32d; Hong Kong (dollar),, 15d; Kobe (yen), 4 21-32 d; Shanghai (dollar). 3 3-lGd; Argentina (pesos), 17.043; Stockholm (kr.), 16.90. MOUNT LYELL SHARES. LONDON, April 28. Mount Lyell sold 19s.—U.P.A. PRICE OF RUBBER. " LONDON, April 28. Price of rubber, 14 3-16 d per lb.— U.P.A. NEW GUINEA GOLD SHARES. LONDON; April 29. New Guinea Gold, Is 2|d.—U.P.A. WALL STREET INDICES. NEW YORK, April 30. Dovfr Jones Indices (1926 equals 100) :— 20 30 Shares Rails. Indus; sold. 26 28.42 116.43 160,000 April 28 28.57 116.73 310,000 April 29 ..... 28.76 116.73 510,000 Industrials.—Highest in 1940. 152.50 (January 3); lowest, 111.84 (June 10).—U.P.A. - LONDON SHARE PRICES. LONDON, April 30. On the Stock Exchange today prices of corporation debentures and stocks compared with previous quotations as follows: — April 15. April 29. " £ s. d. £ s. d. Dalgety and Co., 4 p.c. t7B 0 0 78 10 0 Dalgety and Co.. shares 416 0 417 6 British Tobacco 1 15 0 1 15 0 Goldsbroueh Mort .... 100 100 P. and 0. Defd 13 0 1 2 4Ms tEs Interest. —U.P.A. LONDON STOCK EXCHANGE INDICES. LONDON, April 30. "Financial Times" Indices (1926 equals , 100) :— Govt. Home Indus- Gold see's. Rails, trials mines. April 24 ...... 112.1 42.9 83.5 167.1 April 28 112.5 43.0 83.8 106.6 April 29 112.7 43.1 '83.7 166.9 Industrials.—Highest in 1910, 106.1 (February 2S, March 1); lowest, 61.1 (June 26). — U.P.A. ,