SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22355, 28 February 1936, Page 7

SYDNEY EXCHANGE

LOANS AGAIN RECEDE BANK SHARES STRONG (Received February 27, 8.35 p.m.) SYDNEY, Feb. 27 On the Sydney Stock Exchange today a further recession occurred in Government loans, although there was some support for the earlier dated 4 per cents. Bank shares remained strong and industrials were mostly firm. This morning's business included:Commonwealtii bonds, 3 per cent, 1948, £93 15s: iij per cent, 1948, £9B; tier cent, 1942, £IOO 15s; 1949, £IOO 12s 6d: 4 per cents, 1938, £102; 1941, £lO2 15s; 1944, £lO2 2s 6d; 1950, £lO2 ss; 1953, £lO2 17s 6d; 1955 £lO2 17s 6d; 1961, £lO4. Commercial Bank of Sydney, £2l 12s; Commercial Bank of Australia, 20s; Bank of New South Wales, £35 ss; Tooths, 565; Associated News, 235; British Tobacco, 435; Broken Hill Proprietary, (5s paid), 32s 6d; Dunlop-Perdriau. 15s 4id; Henry Jones, 41s 6d. Later business included:—Commonwealth bonds, 4 per l cents, 1938, £lOl 18s 9d; 1941, £lO2 13s 9d; 1947, £lO4 7s 6d: 1950, £lO2 ss; 1953, £lO2 17s 6d; 1955, £lO2 17s 6d; 1957, £lO3 10s; 1959, £lO3 10s; 1961, £lO4. Colonial Sugar, £43 17s 6d; Bank of New South Wales, £35 3s 6d; Commercial Bank of Sydney, £2l 14s; Commercial Bank of Australia, 20s 3d; Associated News, 22s 9d; Ditto, preference, 24s 4Jd; Howard Smith, 18s 6d; Burns Philp, 71s; British Tobacco, 435; Toohev's 33s 6d; Winchcombe Carson, 335; J|orris Hedstrom, 25s 6d; Henry Jones, 41s 9d: Millaquin Sugar, 375; Farmers, 29s 3d, Anthony Hordern, 21s; Ditto, preference, 25s 9d; Lustre, 26s 9d; Standard Cement, 235; General Industries, 21s 3d; Broken Hill Proprietary, 62s 3d; Ditto (5s paid), 32s Zinc Corporation, 74s 6d; Bulolo Deposits, Is OJd; Placer Development. £5 Is; Tavua Development, 3s; Mineral Development, Is 6d: Emperor, 13s Id; Mount Kasi, 12s 3d. Melbourne sales included:—Electrolytic Zinc, 395; Ditto, preference, 41s 6d; Broken Hill South, £5 18s; Mount Lyell, 25s 6d; Loloma, 23s 6d. PRICES OF METALS SHARP RISE IN TIN (Received February 27. 7.35 p.m.) LONDON, Feb. 2G Following are ito-day's quotations on the London metal market, compared with those of February 25: —

M.K. MILLINERY £5494 EARNED IN HALF-YEAR Satisfactory results are disclosed in the accounts of the M.K. Millinery, Limited, covering six months' trading operations ended December 31. The business lias been in operation since 19,'i0 but the public company has been in existence only since July 1, 1935. The net profits for the six months were £5494, after writing off £323 preliminary expenses. A dividend of 10 per cent is being paid, requiring £2000; £1607 is being written off goodwill; £I6OO transferred to reserve a*id the balance, £287, carried forward. The directors state that they do not require remuneration for their services for the period. The report states that the turnover for the coming year shows a marked increase over the turnover of the old com pan v for the same period of last vear. The net profit for the six months, before providing for income tax, was nearly 37 per cent of the subscribed capital. The period cohered was the most profitable of the year. The company has a paid capital ot £20.000. The only intangible asset is goodwill, £6107,' now reduced to £4500.

Feb. 26 Feb. 25 Per ton Per ton £ 8 d £ s d Copper, stan., spot . . 35 If, 3 35 16 3 Copper, stan., 3 moa 36 3 1| 36 3 9 Copper, electrolytic . . 40 0 0 40 0 0 to to 40 10 0 40 10 0 Copper, elect.., wire bars 40 10 0 40 10 0 Lead, soft, spot 16 5 0 16 7 6 Lead, soft, forward 16 7 6 16 11 3 Spelter, spot .. 15 15 0 15 15 0 Spelter, forward 16 0 0 16 0 0 Tin, stan., spot 209 17 6 207 12 6 Tin. stan., '3 mos 201 12 6 200 18 9