LATE COMMERCIAL

Evening Star, Issue 22350, 28 May 1936, Page 14

LATE COMMERCIAL

MOUNT LYELL SHARES. Press Association—By Telegraph—Copyright LONDON, May 27. (Received May 28, at 11 a.m.) Mount Lyell shares, 18s 3d. THE MONEY MARKET. Press Association—By Telegraph—Copyright, LONDON, May 27. (Received May 28, at 11 a.m.) London discount and short loan interest rates, day to day loans, i per cent.; fine trade bills, three months, 2 to 2i per cent.; bank bills, three months, 9-16 per cent.; bank bdls, six months, | per cent.; Treasury bills, two months, i per cent.; Treasury bills, three months, 9-16 per cent. New York call money rate, 1 per ccnti AUSTRALIAN GLASS DIVIDEND. A Wellington Association message states that the directors of Australian Glass have recommended a dividend of 4J per cent, on preference shares for the half-year ended March 31, and 5 per cent, on ordinary shares, plus a further 5 per cent, on ordinary shares, the latter being paid out of income on the company’s investments. EXTRAORDINARY PROGRESS. [Special to thk ‘ Star.’! AUCKLAND, May 28. _ Extraordinary progress is revealed in the latest accounts of the Farmers’ Trading Company. After provision for depreciation and other contingencies, a net profit (o n a turnover exceeding a million and a-half sterling) is £61,458, the best for 11 years, and £2O,(XX) higher than last year. Thp usual dividend is to be paid—s per ednt. on ordinary shares and 5 3-5 per cent, on preference shares. The directors propose to capitalise porlAin of the profits and make a capital distribution of 2s per share. SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, May 28. (Received May 28, at 1.30 p.m.) Bonds: 3i per cent., 1948. £96 10s; 4 per cent., 1938, £lO2 13s 9d. Shares: Bank of New South Wales, £33; Australian Gas “ A.” £7 12s; Toohey’s, 31s 3d; Associated News, 225; Broken Hill Proprietary 655, new 40s 9d; Burns, Philp, 71s; Colonial Sugar, £42 2s 6d; Howard Smith, 18s 9d. SALES ON ’CHANGE: THIS DAY. Christchurch. —Commercial Bank of Australia, 19s; Mortgage Corporation (10s paid), 11s (3); New Zealand Breweries, 53s 9d (3); British Tobacco, 41s 6d; Broken Hill Proprietary, 64s (2); Hume Pipe (Australia), '18s sd; 1,100 Argo, Is 6d (2); Mount Morgan, 14s 3d, 14s 2id. Reported: G. J. Coles (late sale on the 27th), 78s 9d. Unlisted: Woohvorths (Sydney, ord., ex rights), £5 Is 6d (2), £5 Is, £5 Is 6d (2). Wellington.—E.S. and A. Bank, £6 3s 9d; Coles, £3 18s 4d; Australian Glass, £4 10s 6d. £4 11s; Broken Hill, £3 4s 6d, £3 4s 3d; Woohvorths (N.Z.), £8; Consolidated Brick, 10s Id; Woohvorths Ltd. (ex bonus issue), £5 0s 6d. Auckland, —Morning call: National Insurance, 17s 9d; Commercial Bank, 19s Id; Dominion Breweries, 23s 9d; British Tobacco, 41s 6d ; New Zealand Newspapers (ex div.), 43s 3d; Placer, £5 17s; Woohvorths (N.Z.), £7 19s. Noon call: Talisman, 11s; Auckland Gas, 25s lid; Cement, 45s 6d; Bank of New Zealand, 45s 9d; Glass. 90s 9d; New Zealand Stock (1946-49), £lO4 ss; Neon (N.Z.), 41s.