COMMERCIAL
AUSTRALIAN EXCHANGES INDUSTRIALS WEAKER (Eire. Tel. Copyright—United Press Assn.) SYDNEY, May 21. The afternoon calls on the Sydney Slock Exchange revealed a further weakening of leading industrials, but there was an undertone of quiet confidence. Sales included: Colonial Sugar, £49 15s; Associated News, 12s; Associated News, pref., 16s 6d; Tooth and Company, £2 8s; G. J. Coles, £3 5s 9d; Woolworths, Limited. 18s; Mold’s Dock. 16s 6d; Wilcox, Mofflin, 7s; Broken FI ill Proprietary, £2 3s 9d; Rawang Tin, 7s 3d. Morning sales included: Commercial Banking Company of Sydney, £lB ss: Australian Gas A, £6 6s: Toohey’s Brewery, 275; Australian Consolidated Industries, 36s 6d; British Tobacco, 455; Broken Hill Proprietary, 44s 3d; Colonial Sugar, £49 17s 6d. Sales on the Melbourne Stock Exchange to-day included: Electrolytic Zinc, £2 12s:. Electrolytic Zinc. pref.. £2 12s 6d; Mount Morgan, 9s 2d; Mount Lyell, £1 6s 9d; Emperor Mines, 13s: Loloma, £1 8s 7d- North Broken Hill, £1 17s 3d. PROFITS REDUCED Vickers-Armstrong, the British armament firm, have not derived benefit from the war, according to the company’s balance-sheet. This shows a smaller profit, £1,295,541, for 19.39, compared with £1,472,211 in 1938. The company is maintaining its final dividend at 6 per cent, again making 10 per cent for the year. Doubtless the decline in profits is mainly, il not wholly, covered by, the greater demands for taxation, states a London financial writer.
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Bibliographic details
Gisborne Herald, Volume LXVII, Issue 20254, 23 May 1940, Page 8
Word Count
231COMMERCIAL Gisborne Herald, Volume LXVII, Issue 20254, 23 May 1940, Page 8
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