SYDNEY EXCHANGE

New Zealand Herald, Volume LXXII, Issue 22256, 2 November 1935, Page 9

SYDNEY EXCHANGE

MARKET'S STRONG TONE TURNOVER ABOVE NORMAL (Received November 1, 9.25 p.m.) SYDNEY, Nov. 1 Trading on the Sydney Stock Exchange to-day disclosed a distinctly strong tone. - Industrials made ■ a firm showing and the turnover was well above normal. This morning's sales included:—Commonwealth bonds: 3 per cent, 1948, £92 7s 6d; 4 per cent, 1959, £lO2 17s 6d; 1961, £lO3 2s 6d. Anthony Hordern, 19s 3d; Associated News (pref.), 24s 4Jd; Broken Hill Proprietary, 55s 6d; Dunlop-Perdriau, 16s 9d; WinchconiboCarscin, 29s 9d. _ ».«•• , . . Later "sales , included: —Commercial Bank of .Sydney, £18; Bank of Australasia, £ll 7s 6d; Commercial Bank of Australia, 16s lOJd; Colonial Sugar, £44 ss; Australian General Insurance, 17s; Associated News, 24s lOJd; Australian Gas, A shares, £7\ 15s 6d; British Tobacco, 39s Tooth's Brewery, 58s 4srl; Australian Glass, 86s 6d; Dunlop-Perdriau,• 16s 9d; WinchcombeCarson, J!9s lOJd; Morris Hedstrom, 23s 9d; .Electrolytic Zinc, 33s 6d; Claude Neon, 51s 6d; Mark Foy. 21s 9d; Perpetual Trustee,.. 955; Woolwortls (first pref.), 40s; David Jones. 40s 3d; Anthony Hordern, 19s 3d; Mount Morgan, 37s 6d; Broken Hill Proprietary, 55s 9d; North Broken Hill, £8 2s 6d; Souths, £5 0s 6d; Kuala Kampar, 14s sd; Mount Kasi, 18s 3d; Mount Paris Tin, 3s 8d; Loloma, 43s 6d. Commonwealth 4 per cent bond".: 1938, £lO2 15s; 1941, £lO3 15s; 1950, £lO4 10s; 1953, £104; 1955, £lO4 12s 6d; 1957, £lO4 12s Od; 1959, £103; 1001, £lO3 7s 6d. Melbourne sales included. —Commercial Bank of Australia, 16.s 9d; English, Scottish and Australian Bank, £5 ss; G. J. Coles, 65s 3d; Howard Smith, 18s 9d; Mount Lyell, 19s 9d; Loloma, 43s lOJd; Enterprise, 77s 6d; Emperor, 2 Is.

UNION OIL YEAR NET PROFIT INCREASED DIVIDEND RATE UNCHANGED A not profit of £5179, against £4664 in the previous year, is shown in tho accounts of tho Union Oil, Soap anil Candle Company, Limited, for tho year ended September 30. Tho profit is struck after providing £IB4O for depreciation and £IBOO fo.rV income tax, as against £1562 and £IBOO respectively in tho previous period. A sum of £1428 was brought into the accounts, making £6607 'available. An interim dividend of 6d a share absorbed £1875. The directors now • recommend a final payment of 9d a share, making Is 3d for the year, an unchanged rate." This will require £2812, leaving £1920 to be carried forward. - v, ? .i.j

The retiring director, 'Mr. B. L. Hewitt, is available for re-election. The principal movements in the balance-sheet include .a decrease in creditors from £4911 to "£3OIB, while a new item is an overdraft of £1930. General -reserve is unchanged at £31,358. On the assets, side, stock is £495 lower at £23,777, while debtors have increased from £9467 to £12,818. Cash is £1039 lower at £612, while securities stand at £23,615. an increase of £SOO. Property is valued at £45,116, a decrease of £1327.

THE CITY MARKETS FRUIT PRICES HIGH NEW POTATOES DEAR Most lines of fruit sold well at fairly high rates at tho City Markets yesterday. Pears increased in value, but apples remained almost unchanged. There was practically no sale for lemons, which were a glut on the market. Oranges and hothouse tomatoes were in fair demand, although the latter varied considerably in prico according to quality. There was a slight increase in the quantity of strawberries offered, and prices for Captain Cooks ranged from Is 6d to 2s 3Jd a chip. New Zealand grapefruit was in good demand, and tree tomatoes were in short supply. A shipment of Californian grapes, grapefruit and pomegranates arrived yesterday by the Lurline. Supplies of new potatoes were short on account of the wet weather and prices were higher than those of last week. The same applied to green peas. The market was glutted with cabbage, "rhubarb and kuinaras, which sold at very cheap rates. Lettuce was in good supply and met with an excellent demand, wßile asparagus sold at last week's values. The demand for cauliflower was poor, the quality not being of the best. The'supply of poultry was medium and the demand fairly keen. The market was over-supplied with white leghorn chicks. Prices remained practically unaltered. - Values were:— N * FRUIT " Apples, Canadian, 20s to 22s Gd; local, Delicious, 6s 6d to lis; Stunners, 7s to 10s 6d; Dougherty, 5s 6d to 7s Gd; Rome Beauty, 7a to 10s; pears, Nelis. threequarter cases, 8s to 10s; bushel cases, 13s to 15s Gd; P. Barry, 9s to 10s; passions, 8b to 14b; loquats, 2s Gd to 4s n case; gooseberries, 8m to 12s; strawberries, Cnp--1 tain Cooks, Is Gd to 2s 3Jd a chip; Marguerites, Is 3d to Is 9d; plums, Californian, 14s to 15s Gd a case: oranges. South Australian, 18s to 2Gs; lemons, cured, 3s to 4s; others, Is Gd to 2s Gd; grapefruit, New Zealand, largo, 8s to 10s; small and medium, 9s to lis; Californian, 32s 6d; tomatoes, hothouse, extra choice, up to 2s OJd tier lb; others. 1b 9d; bananas, 158 to 225; tree' tomatoes, Gs to 8s; pines, Queensland, ]Bs to 21s; grapes, Californian, red, 255; black, 36s Gd; white, 225; coconuts, 14s a sack, FIELD PRODUCE Potatoes, new. No. 1, 2d to 2Jd per lb; Southern, 9s to 10s a cwt; swedes. 4s to 4s Gd a bag; onions, 17s Gd per cental; kuinaras, Tauranga, 3s to 4s a bag: cabbages, la to 4s a sack; on benches, 6d to 1b 6d a dozen; cauliflowers, 3s to ss'Gd a sack; on benches, Is to 3s a dozen; pumpkins, 8s to 14s a cwt; cucumbers, hothouse. 4s to 7a o dozen; carrots. Is to Is 3d; parsnips, Is 6d t<> 2s;- beet. Is tto Is 9d; turnips, 9d to Is; radish, 6d to 9d; spring onions. 3d to lOd a bundle: spinach, 3d to Gd a dozen; leeks, 2d to 3d;, green peas, 3d to 6d per lb; French beans. Is to Is Gd; broad beans, 2d to 4d; marrows, new Benson's. 6s a dozen: melons. 3d to 4d each; lettuce, 2s to Gs a case; rhubarb. Is to 2s Gd u dozen; asparagus, 4d to 8d a bundle. •.:* POULTRY Cockerels, heavy breeds, prime, 4s to Gs; not prime, 2s up; light breedß, prime, 3s to 4s 3d; not primo. Is 3d up; fat Voosters, heavy breeds, prime, 2s to 3s; light breeds. Is Gd to 2s; fat hens, heavy breeds--2s 9d to 3b 9d; light breeds, 2s to 2s 9d; pullets, heavy breeds, best, 3» to 4s Gd; smaller, 1b <la up; light breeds, best, 3s to 4s Gd; smaller, Is Gd up; drakes, young, prime, 2s 3d to 3s; smaller. Is up; old. Is Gd to 2n Od; ducks, young, Is 9d to 2s 9d; old, Is Gd to 2s 3d; geese, 2s 3d to 3s 6d; turkey hens, 4s to "Gs; gobblers, 6s to 14s; rockerel cluckß, heavy breeds, 3d to 2s; litrht breeds, jd to Is 3d; day-old chicks, Black Orpington. 5d to 7}d; Leghorn. 5d to 7}d; guinea fowls. 3s to 3s Gd. • BUTTF.R AND BI?03 Errb, hen, first grado, lljd; B, 9&d; C, B}d; 'duqk, first grade, 10} d; B, 9ld; C, 7Jd; farmers' butter, lOd to Is Id per lb. PUKEKOHE HORSE SALE [from, our own, correspondent} PUKEKOHE. Friday Mor,e than an average yarding or horses en me forward at the horse'" sale held by Alfred Buckland and Sons, . Limited, at Pukekohe to-day. There was a good demand for all sound young working horses. Active young medium draughts sold from £4O to .£47, the latter price being for a four-yo'ar-old colt frortj Mr. George Carter, Bombay; oged medium draughts, £2l to £2B 10s; aged heavy draughts, to £42 10b; two to light, draughts, broken to chains, £32 10s to £36; ordinary light farm horses, £l6 to £26; light harness horses and hacks, £6 to £l4 10b; unbroken medium three-year-old colt," £2-1 10s; Shetland ponies, £2 15s to £7 6s.