COMMERCIAL

Gisborne Herald, Volume LXVII, Issue 20257, 27 May 1940, Page 12

COMMERCIAL

AUSTRALIAN EXCHANGES CAUTIOUS BUYING (Elec. Tel. Copyright-United Press Assn.) SYDNEY, May 24. Cautious buying took place on the Stock Exchange to-day, with restricted business. Sales included: Bank of New South Wales, £27 4s; Bank of New South Wales, £27 Is; Mercantile Mutual Insurance, £1 8s; Felt and Textiles, £1 16’s 3d; Australian Gas “A,” £6 ss; Tooth’s Brewery, £2 8s 6d; Australian Consolidated Industries, £1 15s 3d; Associated News, pref., 15s 9d; Australian Iron and Steel, pref., £1 7s; Burns, Philp, £2 11s 6d; Henry Jones, £2 14s 9d; Standard Cement, £1 Os .3d; Mount Lyell, £1 5s 7d; Mount Morgan, 9s; Mount Morgan, pref., New Zealand delivery, £1 Os Bd. Commonwealth Bonds. —4 per cent, 1941, £IOO ss; 1961, £IOB 7s 6d. Sales on the Melbourne Stock Exchange included: National Bank of Australasia, £5 paid, £G 3s; Howard Smith, £1 Is; Broken Hill Proprietary, £2 2s 9d; Dunlop-Perdriau, 18s 3d: Electrolytic Zinc, pref., £2 10s; Mount Lyell, £1 4s 9d; Emperor, 12s 3d; Loloma. £1 7s 8d- North Broken Hill, £1 lfis. FARMERS’ TRADING CO. A most satisfactory year’s trading : s announced by the Farmers’ Trading Company, Limited, for the period ended March 31. In view of this, the directors have decided to distribute a bonus of £6OOO among the staff. This represents one week’s wages for each employee and includes all permanent members of head office, branch and factory staffs now in the company's employ who were in the employ of the company prior to April 1 1940. It also includes all employees on active service and on home defence. CANTERBURY MARKETS Business in Canterbury grain, seed and produce markets was quiet over the latter part of last week, with little change in values. Heavy rain in some districts again interrupted sowing ot seed wheat, but with a continuance of fine weather it should be possible for most farmers to proceed with the work early this week. There has been little activity in potatoes, which remain nominally at £3, to which they eased earlier in the week.

NEW ZEALAND BREWERIES New Zealand Breweries, Limited, has advised the Stock Exchange Association that the directors have decided to recommend at the annual general meeting on June 19, a final dividend for the year ended March 31, of 41 per cent, making 8£ per cent for the year. The year’s distribution of 81 per cent, is an unchanged rate.