COMMERCIAL

Northern Advocate, 28 October 1932, Page 10

COMMERCIAL

BONDS AND SHARES

AUSTRALIAN TRANSACTIONS,

LIGHTER TURNOVER

(■Special to “Northern Advocate.”)

SYDNEY, October 27

On the Sydney Stock Exchange today the turnover was relatively light, but a better sentiment for Commonwealth bonds is believed to have been due to the altered point of view of the Premiers’ Conference in cutting ioan requirements to £8,000,000, which is regarded as less disturbing than £20,000,000. Weakness continued in leading industrial shares, and there was a sharp setback in Tooth’s Brew-

Morning sales were: Commonwealth 4 p.c. bonds, .1938, £lOl 11/3; 1941, £lOl 15/; 1953, £IOO 15/; 1955, £IOO 15/; 1957, £lOl 5/. Commercial Bank of Sydney, £l7 6/; Bank of New South Wales, £32 13/; Australian Gas, A shares, £(i 18/fi; Toohey’s Brewery, 22/4'; Tooth’s Brewery. 35/101; Henry Jones, 37/3.

Closing sales were: Bank of New yogth Wales, £32 15/; Commercial Bank of Sydney, £l7 5/; United Insurance, £9 5/; Australian Gas, A shares, £0 18/0; Tooth’s Brewery, 35/71; Toohey’s Brewery, 22/41; Goldsbrough Mort, 27/; Dunlop Perdrean, IS/; Henry Jones, 37/3; Australian Glass, 47/; Electro Zinc, IS/9; ditto, preference, ox dividends, 2S/7i; Broken Hill pty., 27/; North Broken Hill, 73/0. Commonwealth 4 p.c, bonds, 1938, £lOl 12/0; 194.1, £lOl 10/3; 1944, £IOO 5/; 1947, £IOO 3/9; 1950, £IOO 10/; 1953, £IOO 17/6; .1955, £101; 1957, £lOl 8/9; .1901, £IOO 3/9. Melbourne sales were: Goldsbrough Mort, 27/3; Australian Glass, 40/6; Dunlop Perdreau, 18/; Herald and. Weekly Times, 57/; Myer Emporium, 27/; Howard Smith, 10/3; Mount Lyell, 25/3.

MELBOURNE NEWSPAPERS.

DIVIDEND OF 10 PER CENT. SYDNEY, October 27. The Herald and Weekly Times, Ltd., Melbourne, is paying a dividend for the year qf 5 per cent) on ordinary shares, making with the interim distribution .10 per cent, for the year ended September 30. The half-yearly dividend on preference shares is payable on November 17. GOLD AND SILVER. LATEST QUOTATIONS. LONDON, October 20. Gold is quoted today at £0 4/3 an ounce, compared with £0 5/4?., yesterday. Silver is quoted at 17;{d an ounce, spot, and 17 7-Sd forward, compared with IBd and 18 1-Sd yesterday. The quotation for silver at per standard ounce is 17Jd, and at per fine ounce If) I-Sd, compared with JBd and Ift 7-10 d yesterday. BRITISH WAR LOAN. DROP RECORDED. LONDON, October 26. British War Loan, 31- per cent, (assented), is quoted today at £9O 10/, ex dividend, compared with £lO2 yesterday, cumulative dividend. NORTH BROKEN HILL. IMPROVEMENT IN RESULTS. MARKED DIVIDEND INCREASE. SYDNEY, October 27. The accounts of North Broken Hill, Ltd., for the year ended June 30, disclose a nett profit of £175,7152, which is £00,82.3 greater than in 1931. Dividends which were jiaid in three instalonts represented 5/ a share. The capital of the company is £700,000 in one pound shares. The dividend for the year is 25 per cent., as against 8J per cent, in 1031, and 40 per cent, in 1030.

ACREAGE OP CEREALS. DEPARTMENTAL, RETURN. (Per Press Association.—Copyright.) WELLINGTON, This Day. Tlie Census and Statistics Office published in the “Gazette” last night the estimates of acreages under wheat, oats and barley throughout the Dominion for The season 1032-?.'; as follows, the actual returns for the year being given in parentheses:—Wheat, 20-1,000 acres (280,(302); oats, 407,000 (364,354); barley, .10,000 (27,040). I The total acreage devoted to the j growing of grain is 720,000, compared with 071,0 n(! last season, an increase ol 48,044 acres. In potato growing there is a reduced acreage of 248(3, the total this season being 21,300 acres, against 23,78(3 last s6ason. Cards wore sent out in grain and potato growers throughout the Dominion, ashing them to state the areas they had sown or planted or intended to sow or plant this season. Only holdings of one acre or over outside borough boundaries are covered bv the tign res. MINING NEWS. MOUNT DAVID RETURN. The secretary of the Mount David Sluicing Company, Ltd. (Rocfton), reported this week that a, return of 27 ounces of gold was obtained as a result of six days’ sluicing.