AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIV, Issue 22741, 29 May 1937, Page 9

AUSTRALIAN EXCHANGES

GENERAL STEADINESS GOLD SHARES FLUCTUATE (Received May 28, 7.25 p.m.) SYDNEY, May 28 Dealings on tho Sydney Stock Exchange to-day were along quiet lines with general steadiness. Sales included: S (1 Bank New South Wales (ox .. 80 15 o Commercial Banking:, Sydnev 22 0 0 Nat. Bank A'asia (£lO paid) 15 5 0 i.oldsbroutrh-Mort .. .. 118 0 Queensland Brewery . . 10 0 Toohev's Brewery . . . . 1 13 o Tooths . .. .. 2 l'i 8 Anthony Ilordern .. .. 010 l'/ 2 Associated Nowspapers .. 1 2 it t» p.'" o r p ( i? r " f -> • • • • 1 * British Tobacco .. .. 2 10 o Colonial Sugar .. .. 47 10 0 Clifford Love .. .. 2 15 O David Jones .. .. 22 <> Dunlop-Perdriau .. 120 Ditto (pref.) .. .. 1 io 3 Electrolytic Zinc, .. .. 217 !) Felt and Textiles .. .. 115 10% Neon Signs .. .. 017 -r/ 3 Ktedman j . .. .. 017 0 Tauhtnans .. . . 3 10 0 Tll run did Oil .. 0 3 0 United Provisions .. 010 0 Woolworths (Syd.) ('2nd pf.) 1 8 0 Kuala Kampar . . 12 3 Mount Lyell ... 2 5 (J Mount Morgan v. 0 13 10 Tongkah Harbour 1 3 0 Commonwealth Bonds.—3% per cent, 1019, •CD!) ss; 4 per cent, .11138, £103; 1914, £lO2 12s (id; 1001, .€lO2. MELBOURNE EXCHANGE On tho Melbourne market industrials were inclined to drift on quiet trading. Barriers have steadied, while gold shares fluctuated. Business included: — £ s d Commercial Bank Australia . O 1!) 2 Nat. Bank A'asia (.€5 pd.) 7 10 0 I Ditto (CIO paid) . .. 15 5 0 | Broken llill Proprietary . . 1 1 0 j Duiilop-Perdrimi . . 12 0 Electrolytic Zinc .. 217 !> Ditto (pref.) .. .. 2 IS O Cr. J. Coles . . . . 5 110 Broken llill South .. .. 2 11 3 Mount L.vell .. . . 2 5 o Mount Morgan .. .. 013 7 North Broken Bill . . 311 5 Sulphide Corporation .. 0 15 0 Satupulo Tin . . . . 1 17 0

ZINC CORPORATION YEAR'S DIVIDEND HIGHER 60 PER CENT TO ORDINARIES [BV TET.KGRAPH I'HESS ASSOCIATION] WELLINGTON, Friday The directors of Zinc; Corporation, Limited, Melbourne and London, have declared a participating dividend of 3s 6d a share on both preference and ordinary shares, loss English income tax of .'ls in the pound, making a total participating dividend of 6s a share for the year ended December 31, 1930. In addition, the first half of the fixed cumulative dividend of 2s a share on preference shares for the year ending December 31, 1937, has been declared, less English income tax of 2s lOd in the pound. Both dividends will be paid on Julv 1, 1937, in English currency The company's preference shares of £1 eacli receive a fixed dividend of 4s a share, payable 2s in January and 2s in July. Jn addition they participate in surplus profits with the ordinary shares of ]os each. The payment on ordinary shares of (3s, less tax, for 193G, is equal to 60 per cent, and compares with 4s 6d a share, equal to 45 per cent, for 1935. The dividend, on preference shares for 1936 is 50 per cent, against 42J per cent for 1935.

GOLD AND SILVER QUOTATIONS IN LONDON LONDON, May 27 Fine gold is quoted to-day at £7 Os 7d an oz., same as yesterday. The quotation for silver at per fine oz. is 21 15-16 d, compared with 21 Jd yesterday. The following is a summary of tho fluctuation in the price per ounce of fine gold this year:— £ s d Highest price, March 0 ..7 2 7% Lowest price, April 30 ..7 0 3 May 21 7 0 0 May 22 . . . . .7 0 0 May 24 .. . , .7 0 0 May 25 7 0 5% May 20 7 0 7 May 27 7 0 7 STABILISATION RUMOURS HIGHER PRICE FOR GOLD LONDON, May 27 Active intervention in exchange control in the past two days to maintain gold at a higher price has led to rumours that stabilisation is imminent. Rumours are simultaneously circulating that England, America and Russia have arrived at an agreement to limit in some form the Soviet's gold exports.

PRICES OF METALS FURTHER FALLS RECORDED LONDON, May 27 Following are to-day's quotations on the London metal market, compared with those of May 26: May 27 May 20 Per tori Per ton s d ,c s (I Copper, stan., spot f(t 2 (j (il li 3 Copper, stan., 3 mos 58 .18 !) 50 10 10% Copper, electrolytic 01 0 0 (14 10 0 to t,o 0 0 00 10 0 Copper, elee., wire bars . . . . 00 0 0 00 10 0 Lead, soft, spot . . 23 15 0 2-1 7 0 Lead, soft, forward 13 0 "I 5 0 Spelter, spot 17 0 23 7 0 Spelter, forward . . 23 2 0 23 l'_> 0 Tin, stan., spot . . 2-ill 17 (I 252 2 0 Tin. stan., 3 mos. 218 17 0 250 17 0 WHEAT IN CHICAGO CHICAGO, Ma,v 27 Wheat. —July, 1 dollar 18$ cents 0 bushel; September, I dollar .1.7 cents; December, 1 dollar 18$ cents. CALL AND DIVIDEND LIST Dividends— Due Farmers' Trading Co.—prof., final A and B, 5 3-5 p.c. p.d.j C, 5 p.c. p.a. . . . . May 81 Pnters Ico (N.Z.) —lO p.c. .. Mn.v 31 National Timber—final, 2'/ a p.c. May 31 Northern Steam. —a p.c. p.a. May 31 Lewis Eady—pref., 3 p.c.; ord., « r> . P x - ■ • . • June 1 Imperial Chemicals —ord., final 5/2 t p.c. .. .. , . June I Henry Jones—int., Od a share June 1 Addison's Flat—lo p.p. Juno I Broken Hill Ply.—half-yearly, 1s 3d a .share, fully paid; iod a share, contributing . . June 2 VVaihi Junction—<ld (sterling) a sliare .. , , June -i Oainaru Woollen Mills—int., 2% ,P- C - • • June 7 Dominion Fertiliser—s p.c. . . June 0 Placer Development—int., * (10 cents a share . , , June 10 Bulolo—int., I dollar 50 cents a share . . , , June 10 Bank N.X—final, Is a share June 11 N.Z. Breweries—final, .p/ a p.c. June 10 Broken Hill Sth.— Is 3d a share June is Hume Steel—pref., half-yearly 7V» P r - P-a. . . . . . , June 21 Mt. Lyell—int., Is Od a share June 21 Australian (Has*—final, pref., 4'/ a p.c.; ord., 0 p.c. . . . June 2M Wilson-* Cement-—final, Od a sliar. . . . , . June 23 Fanners' Trading Co.—ord., 7 P.c. June 2.1 North Broken Hill June 25 Morris lledstrom-—final, 3 1 /, p.c, June :to Nat. Mortgage—int. <\y, p.c. (sterling) Julv 1 CallsDominion Breweries—new issue, first, 2s Od a share; second, final, 5s a share . . ~ May 31 Broken Hill Pty. (con.) —5s a share .. ~ .. June 30