SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22403, 27 April 1936, Page 7

SYDNEY EXCHANGE

LITTLE BUSINESS DONE PRICES SHOW FIRMING QUOTATIONS ON FRIDAY (Received April 20, 5.5 p.m.) SYDNEY, April 25 On the Sydney Stock Exchange yesterday investment prices showed a* finning tendency, but the turnover was no.t heavy. The Government's proposed inquiry into chain stores did not affect G. J. Coles' shares, which rose slightly. The exchange was closed today on account of the Anzatf Day holiday throughout the State. The morning sales included:-rCom-monwealth bonds, 4 per cent, 19158, £102; 1941, £lO2 16s 3d; 1961, £lOl 17s 6d; Tooth's, 52s 3d; Associated News, preference, 21s; Colonial Sugar, £42 2s 6d; Dunlop-Perdriau, 15s 9d; G. J. Coles, 73s 9d; Henry Jones, 40s 9d. Later business was: —Bank of New South Wales, £34; Commercial Bank of Sydney, £2O 8s; Queensland National Bank, £5 lis; Colonial Sugar, £42 2s 6d; Huddart-Parker, 375; Tooth's, 52s 6d; G. J. Coles, 74s 6d; Victoria Nyanza, 9s; Dunlop-Pordriau, 16s; Goldsbrough-Mort, 325; Henry Jones, 40s 9d; Farmer's, 28s 9d; Mount Morgan, 16s 3d; Zinc Corporation, S2s 3d; Bulolo Gold, £8 6s 3d; Placer Development, £5 18s 6d; £arut, lis 9d; Emperor, 12s 2d. Melbourne sales included:—Commercial Bank of Australia, preference, £9 10s; Goldsbrough-Mort, 325; Australian Iron and Steel, preference, 265; G. J. Coles, 74s 6d; Mount Lyell, 24s 10id; Loloma, 19s sd. M.L.C. ASSURANCE CO. RECORD NEW BUSINESS The annual report of the Mutual Life and Citizens' Assurance Company, Limited, Sydney, discloses that past traditions have been fully maintained in 1935. The new ordinary branch business written was £4,838,871, an increase of £621,287. The new industrial branch business totalled £3,264,735, making the total new business £8,103,606 —a record. The increase in funds was £963,469, the largest in the company's history. The expense rate is low and effective rate of interest earned on funds and reserves was £4 19s, 5 por cent, in the ordinary branch, and £4 17s, 3 per cent, in the industrial branch. The company celebrates the jubilee of its foundation this year. An announcement by the company appears elsewhere in this issue. UNION OIL AND SOAP SAME INTERIM DIVIDEND The directors of the Union Oil, Soap and Candle Company, Limited, have declared an unchanged interim dividend of 6d a share, according to advice received bv the Auckland Stock Exchange. Payment will be on May 4. DECREASED PROFITS DUNLOP RUBBER COMPANY (Received April 26, 5.5 p.m.) LONDON, April 25 The profits of tho Dunlop Rubber Company fell nearly £400,000 in 1935. A dividend of S per cent has been declared. Stocks have declined slightly. In 1934 the company made a net. profit of £1,687,687, an incx-ease of £174,821 on tho previous year. The dividend on ordinary shares was 8 per cent. N.Z. PAPER MILLS, LTD. USUAL FINAL DIVIDEND [BY TELEGRAPH—PRESS ASSOCIATION'] DUNEDIN, Friday The directors of New Zealand Paper Mills, Limited, at a meeting to-day resolved to recommend the payment of a final dividend at the rate of 4 per cent, making 7 per cent, unchanged, for the year ended March 31. It is payable on May 20. PRICES OF METALS LONDON MARKET FIRM (Received April 26, 5.5 p.m.) LONDON, April 55 Following were yesterday's quotations on the London metal market, compared with those of April 22: — Apl. 24 A pi. 22 Per ton Per ton £Bd i s d Copper, stan., spot 37 10 71 87 3 11 Copper, Btan., 8 mos, 37 14 41 37 8 li Copper, electrolytic dl 10 0 41 5 0 to to 42 0. 0 41 15 0 Cop., eleo. wire bars 42 0 0 41 15 0 Lead, soft, spot .. 16 1 3 16 0 0 Lend, soft, forward 16 8 9 16 1 8 Spelter, spot . . 15 7 6 15 2 6 Spelter, forward . . 15 7 6 15 8 9 Tin., stnn., spot . . 206 7 6 206 12 6 Tin., stan., 3 mos. . . 202 17 6 202 17 6 NEW COMPANIES REGISTRATION IN SOUTH Registration of the following companies in the South is announced in tho Mercantile Gazette: — PUBLIC Mansionettcs (InvercnrgilO, limited (Christoluirch). Capital: £SOOO -into 5000 shares of £1 each. Subscribers: Christchnrch—L. G. Martin, 200: W. H. Price. 200; W: 11. Martin, 50; IT. Daniel, 100; F. L. Daniel, 100; G. Dickinson. 100; W. *J. Pipe. 50. Objects: Proprietors of residential flats and incidental. PRIVATE British Investments, Limited (Wellington). Capital: £IO.OOO into 10.000 shares of £1 each. Subscribers: Wellington—C. A. Griffiths, 9996; E. P. Hay, 2; R. L. Macalistor, 2. Objects: To acquire, hold and deal with shares, stocks, debentures. Wellington Slipper Company, Limited (Wellington).—Capital: £IOOO into 1000 shares of £1 each. Subscribers: Wellington—R. A. Whyte, 999; D. O. Whyte, .1. Objects: To carry on business as manufacturers and importers of slippers, boots, shoes and leather and other materials. Stan lees, Limited (Christchnrch). Capital, £I6OO into 1600 shares of £1 each. Subscribers: New Brighton—J. M. Shaw, 340; J. H. Shaw, 300; E. E. Jones, 500; A. W. Jones. 460. Objects: Orchardists in all branches. PAYMENT FOR BUTTER-FAT WAIMAMAKU COMPANY [from our own correspondent] WHANGAREI, Sunday The Waimamaku Co-operative Dairy Company has made an advance payment. to suppliers on first grade milk for cheese-making for March of lOd per lb. butter-fat, compared with 9d for the corresponding period last season. The production for March was 3.9 per cent lower than for tho same month last year.