AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXI, Issue 21396, 20 October 1934, Page 9

AUSTRALIAN EXCHANGES

YESTERDAY'S BUSINESS ¥ FIRM SYDNEY MARKET (Received October 19, 7.35 p.m.) SYDNEY. Oct. 19 On the Sydney Stock Exchange today British Tobacco forged ahead to a new high level. Active demand for loading industrial shares kept prices on firm levels, and the gilt-edged section showed signs of steadying after yesterday's slackening. This morning's sales included:—Commonwealth 4 per cent bonds: 1938, £107; 1941, £IOB Is 3d; 1944, £lO7 10s; 1947, £llO. Commercial Bank of Sydney, £lB 2s; National Bank (£5 paid), £6 6s 6d; Anthony llordern, 16s; ditto, preference, 24s (3d; Burns-Philp. 58s; Dunlop-Perdriau, 20s 4Jd; Howard Smith, 16s 4sd. Later sales included:—Colonial Sugar, £74 15s; Bank of SW South Wales, £33 2s 6d; Commercial Bank of Sydney, £lB 2s; Associated News, 25s (id; Huddart-Parker, 375; Australian Gas, A shares, £S 3s; British Tobacco, 425: Carlton Brewery, 51s 6d; Dunlop-Per-driau, 20s 3d; Wincheoinbe-Carson, 29s 9d; Wilcox-Mofflin, 10s 4d; Morris Hcdstrom, 17s 6d; Henry Jones, 365; Electrolytic Zinc, 28s Gd; Farmers', 25s (id; Anthony Hordern, 16s; ditto, preference, 24s 6d; Standard Cement, 20s; Mount Morgan, 35s 9d; South Broken Hill, 745; Bulolo Gold, £9 4s; Bulolo Deposits, 9d; Placer Development, £24 15s; General Industries, 13s. Melbourne sales included:—National Bank (£5 paid), £6 ss; Commercial Bank (preference), £lO Is; English, Scottish and Australian Bank, £6 6s; Australian Glass, 51s 9d; GoldsbronghMort, 31s 7i}d; Howard Smith, 16s 4d; British Tobacco (ono month), 41s 6d; Broken Hill Proprietary, 535; DunlopPerdriau, 20s; ditto (one month), 20s 2d; Electrolytic Zinc, 28s lid; ditto (preference), 365. PRICES OF METALS TIN SLIGHTLY WEAKER (■Received October 19. 7.35 p.m.) LONDON, Oct. 18 Following are to-day's quotations on tho London metal market, compared with tlioso of October 17: Oct. 18 Oct. 17 Per Ton Per Ton £sd £ s d Copper, atan.. spot . . 26 .1 10i 26 0 7J Copper, stan., 3 mos. 26 8 lj 26 6 loj "Copper, electrolytic .. 28 10 0 28 10 0 to to 29 10 0 29 10 0 Copper, eleo., wire bare 29 10 0 29 10 0 Lead, soft, spot 10 2 6 10 3 9 Load, soft, forward . . 10 7 6 (10 8 9 Spelter, spot .. .. 12 .0 0 12 0 0 Spelter, forward .. 12 3 9 12 3 9 Tin. stan., spot .. 230 13 9 231 2 6 Tin, stan., 3 moa. .. 229 5 0 229 6 3 'American, 9 cents a lh. SHARLAND AND COMPANY DIVIDEND MAINTAINED

[BY TELEGRAPH —press association] WELLINGTON. Friday Sharland and Company, Limited, Wellington, has advised the Stock Kx- ! change Association that the directors I are recommending a final dividend of ! 2.V per cent on both preference and i ordinary shares, making 5 per cent for j the year ended August 31. | This is the same rate as last year, 6 ! per cent on both shares being paid in | 1932. BROKEN HILL PROPRIETARY AN UNCHANGED DIVIDEND [BY TELEGRAPH PRESS ASSOCIATION] WELLINGTON. Friday The directors of Broken Hill Proprietary, Limited, have advised the ; Stock Exchange Association that a halfj yearly dividend, unchanged at Is a : share, payable in Australian currency, : has been declared. Distribution will be made on November 21. FREEZING COMPANY'S YEAR SOUTH OTAGO OPERATIONS [BV TELEGRAPH—I'ItKSS ASSOCIATION] DUNEDIN, Friday The annual meeting of the South Otago Freezing Company, Limited, was held at Balclutha to-day, the chairman of directors, Mr. P. McSkimming, M.P., j presiding. The chairman, in moving the adopti ion of the annual report and balaneei sheet, said the company had killed ! 295,300 sheep and lambs this season, j compared with 327,104 the previous ! season, a decrease of 31,804. This was ! no doubt partly accounted for by the | fact that many farmers kept a larger I percentage of their ewe lambs last sea- | son than had been the case for several I years. The number of sheep killed had j also been considerably loss than in tho \ previous j'ear, this being accounted for, | no doubt, by the demand in the local I markets for sheep that would otherwise ! have been frozen. Tho number of cattle killed this season was 4188, an increase of 444 over the previous year. Tho directors had written off depreciation on land, buildings, plant and machinery to the extent of £4BOO, and, after placing £SOOO to general reserve and making provision for income tax, £9OOO, had remaining in the profit and loss account a credit balance of £14,202. This included a carrjf forward of £5838 from tho previous year. Tho directors recommended tho payment of an 8 per cent dividend. This would absorb £5304, and leave a balance of £BB9B to be carried forward. The motion was carried. MELBOURNE PRODUCE MELBOURNE, Oct. 19 Following are to-day's quotations on the Melbourne produce markets: — Wheat, 3s a bushel. Flour, £8 2s Gd a ton. Bran, £5. Pollard, £5 ss. Oats, 2s 3d to 2s 'ld. Barley: English, 2s lOd to 3s 2d. Maize, 3s Gd. Onions, £7 to £7 2s 6d. WHEAT, FLOUR AND PULSE LONDON. Oct. 18 Wheat.—Cargoes are inactive and lower. Parcels are in small request at 3d to 6d down. Futures —London: February, 22s 5d a quarter; April, 22s lid. Liverpool: Octobof, -Is lljjd a cental; December, 5s 2Jd; March, 5s Ogd; May, 5s 7Jd. Spot trade slow, with an easier tendency. Australian, ex ship, 27s 6d to 28s Cd. Flour quietly steady. Australian, ox store, 20s Od to 21s. Oats slightly easier, Peas and beans quiet and unchanged. Haw sugar, beetroot basis, November delivery, 4s 4.Jd a cwt. v

PUKEKOHE lIORSE SALE [rnoM our own cohresi*ondknt] PUKEKOHE, Friday Any Rood medium working horses met with good competition nt. the fortnightly horse sale held at Pukokoho to-day by Alfred Buckland and Sons, Limited, but lighter sorts und hacks were not, in request. Uio yarding was average. Young medium draughts sold from .£3l to .£<11; n,ged, C' 23 to .£3O; ordinary farm horses, .£1(1 lfls (o 10h: light harness class, .£8 10s to £l4; hacks, £3 to £ls. An aged medium draught mare, with foal at foot, brought ,£4O. Unbroken two to three-year-old medium draughts mado from £lB 10s to 1"2'2 10s; light, unbroken yearlings, XI 5s to X'O.