LIGHT TRADING IN SHARES.

Evening Post, Volume CXXXI, Issue 117, 20 May 1941, Page 4

LIGHT TRADING IN SHARES.

| SYDNEY, May 19. Trading was.light on the Stock Exchange today,,'the. tone being hesitant Leading industrials siipwedi. a weaken ing tendency^, Salesi—Adanis,-: ; JL4s; Sargeants, 225?i ■• Aust.. ConsoL IndUst., 35s 10^d; Dunlop-Perdriau, 21s 3d; National Bank (£5 paid), £5 10s 6d; Fell Textiles, 37s 9d; Oil Search. 5s 4d; Howard Smith 19s; Broken Hill Pty.. 39s 9d; Wilcox Mofflin, 8s sd; General Industrial, 17s 9d; Tooths, 50s 6d.— U.P.A. MELBOURNE, May 19. Sales. —Imperial Chemicals, prel. 23s 3d; Australasian Paper. 345; North Broken Hill, 36s 3d; Commercial Bank of Aust., 13s.—U.P.A. • COLONIAL SUGAR YEAR. SYDNEY, May 19. The annual. report of the Coloniaj Sugar Company for the year ended March 31 last shows a net profit aftei charging all costs, of £1,054,331. It is proposed to pay final dividends amounting to 17s a share, to carry forward £482,219, and to place £50,000 to reserve. —U.P.A. LOCAL EXCHANGE RATES. Telegraphic rates of exchange. New Zealand on the overseas centres mentioned, were quoted yesterday by the Bank of New South Wales as follows: — On Buying. SellingNew York, dol. to£NZ 3.2542 3.2050 Montreal, dol. to £XZ\. 3.6039 3.5290 Java, florins to £NZ .... 6.187 6.004 Hong Kong, NZd to dol. 18% 191-32 India and Ceylon, NZd to 'rupee 22 5-32 22 23-32 Manila,- pesos to £NZ .. 6.559 6.442 Shanghai, NZd to dol. .. — 4 27-32 Singapore, NZd .to dol. ... 34 41-64, 35 39-64 MARTHA MINE PROFITS. A net profit of £62,000 was earned by the Martha Gold Mining- Company (Waihi), Ltd., in 1940, according to details received by cablegram from London by the New Zealand director and attorney, Mr. J. H. G. Banks. A final dividend of 9d sterling a share, making 25 per cent, (unchanged) for the year, is recommended. The net profit is £50 less than that of last year. Dividend requirements absorb £61,989. leaving £5968 to be carried forward, against £5757 brought in. Taxation, which includes income tax in London and New Zealand, shows an increase of £13,855. Production figures showed that 191,359 tons were crushed for 50,0140z of gold and 412.4330z of silver, against 196,745 tons ci-ushed in 1939 for 49,9800z of gold and 384,8960z of silver.