AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIV, Issue 22777, 10 July 1937, Page 11

AUSTRALIAN EXCHANGES

SIYDNEY MARKET ACTIVE ELECTROLYTIC ZINCS SOUGHT (Received July 0, 8 p.m.) SYDNEY, July 0 The market on the Sydney Stock Exchange to-day continued to be active and very firm, with Electrolytic Zincs in demand. Sales included:

COMMERCIAL BANK HIGHER YEAR'S DIVIDEND PAYMENT OF 6 2-3 PER CENT [by TELEGRAPH I'IIESS association] Wellington; Friday The manager of the Commercial Bank of Australia in New Zealand, lias been advised bv tho head office in Melbourne that the directors will recommend a final dividend at tho rate of 4 per cent per annum on preference shares, and at tho rate of 6 2-3 per cent per annum on ordinary shares, payable in Australian currency. Interim dividend on ordinary shares was 3 1-3 per cent "and the current payment at the same rate makes the distribution for tho year G 2-3 per emit, against 5 0-6 per cent for the previous year. ELECTROLYTIC ZINC DIVIDEND AND BONUS EQUAL TO 171 PER CENT [nv TKLEGRAI-H PKKSS ASSOCIATION'] WELLINGTON, Friday Tho Electrolytic Zinc Company of Australasia, Limited, Melbourne, has advised tho Stock Exchange Association that a dividend of 9 per cent has been declared on both ordinary and preference shares for the half-year ended June 30, making 15 per cent for the year, together with a bonus of 6d a share, payable on September 10. Last year tho distribution was 10 per cent on both ordinary and preference shares. In 1935 tho payment was 5 per cent on ordinary shares and 8 per cent on preference shares. Four per cent was paid in 193-1, but prior to that there had been no ordinary dividend since 10 per cent was distributed in x 1930. The present distribution, including tho bonus, is equal to 17J per cent. The highest payment in recent years was 12 per cent in 1929.

GOLD AND SILVER QUOTATIONS IN LONDON LONDON, July S Fine gold is quoted to-day at £7 Os 4d an oz., compared with £7 Os ljd yesterday.' Silver is quoted at 20d an oz. spot and 20 l-16d forward, compared with 19 15-lGd and 20d yesterday. The quotation for silver at per fine oz. is 21 9-16 d, compared with 21.1(1 yesterday. The following is a summary of the fluctuation in the price per ounce of fine gold this year:—■ £ s d Highest price, March 0 ..727% Lowest price, July 7 ..701% July 2 .. .. ..700 July 3 7 0 0 July 5 .. .. ..700 July 0 7 0 4% July 7 7 0 l'A July 8 7 0 4 PRICES OF METALS LONDON MARKET EASIER LONDON, July 8 Following arc to-day's quotations on the London metal market, compared with thoso of July 7: — July S July 7 Per ton Per ton .C s d £ h d Copper, stall., spot 57 0 0 58 0 7% Copper, stan., 3 nios 50 10 4% 67 18 0 Copper, electrolytic 02 5 0 03 10 0 to to 01 GO 05 10 0 Copper, elect., wiro bars .. . . 01 5 0 05 10 0 Lead, soft,-spot .. 21 11) 4% 125 3 1% Lead, soft, forward 21 11 4% 21 10 4'/ a Spelter, spot 22 11 3 22 10 3 Spelter, forward '-"J I t 4'/ a Li 18 0 Tin, stan., spot . 201 17 0 200 12 0 Tin, stan., 3 nios. 201 17 0 200 12 0 WHOLESALE PRICES BRITISH RISE CHECKED (Received July 0, 0.5 p.m.) British Wireless RUGBY, July S The rise in wholesale prices, which had been continuous in Britain since .June, 19:36, was checked last month, when tho index number, 110.0, was slightly lower tliiin that for May, namely, 110.7. As compared with a year earlier there was a rise of about 19 J per cent. CALL AND DIVIDEND LIST Dividends — Hue Mt. Morgan—int., 4%d a sharo To-day Hume Pipe (Fur East)—lo p.c. July 12 Nemona —Id a sharo .. .. July 12 Cambridge Clothing—int., prof., and ord., 3 p.c. p.a. .. July 15 Woohvortlis (N.Z.) —ord., int., 5 p.c. July 15 .Smith and Smith—prer.. 2% p.c. July 31 Union Bank—int., 2s Od a share, sterling . . • • • • July 01 British Tobacco—quarterly, pror., o'/ 3 P-c., p.a. .. July 31 N.Z. Insurance—final, is a Bhnre Aug. 10 Farmers' Fertilizer —0 p.c. Aug. 10 Commercial Bank —final, pref. I p.c. p.a.; ord., 0 2-3 p.c. p.a. Aug. 10 Electrolytic Zinc—final, pref., and ord., 0 p.c., bonus Od a sharo . . . . .. Sept. 10 Calls — , , Grey River—2nd, Is 3d a sharo July 11 Austral N.Z. Mining—2s a sharo July 21

£ s (1 Bank New South Wales 35 J 2 0 Commercial Bank Sydney 22 1 0 Nat. Bank A'asia (£5 pel.) 7 JO 0 Dalgety 10 17 (i Goldsbrough-Mort 1 15 3 Wilcox-Mofflin 0 13 11 Tooths Brewery 2 .15 JO'/a Anthony Hordern . . 0 JO l'/a Associated Newspapers 1 3 0 British Tobacco 'J 0 0 Broken Hill Proprietary 4 3 (i Burns-Philp 3 J 3 0 Colonial Sugar 48 7 0 Ditto (London delivery) IK 7 (> David .Tones . 2 3 .3 Dunlop-Perdriau 1 3 0 Electrolytic Zinc .. 2 17 (f Ditto 3 1 0 Ditto (prof.) . .. 3 0 0 Farmers ... 1 15 0 Genoral Industries . 1 1 0 Henry Jones . o 8 . 0 Nestles (prcf.) T 14 0 Waldas Shoes 0 17 lO'/a Emperor 0 14 3 0 Kuala Kampar 1. 1 Mount Lyell . 2 2 0 Mount Morgan 0 12 0 Kawang Tin . 0 12 7 Zinc Corporation 0 10 0 Commonwealth Bonds. —4 per cent, 1011, £103 os; 1050, £104 7s (id; 1055. £102 15s. MELBOURNE EXCHANGE On tho Melbourne market there was a fair turnover, with bonds and industrials generally steady. Barriers wore easier. Gold shares were irregular, but Fijians were better. Business included: Nat. Bank A'asia (£5 pd.) .V N 10 u 0 Ditto (£10 paid) 15 4 0 Goldsbrough-Mort I 1 15 o Huddart-Parker 18 0 Australian Glass 4 13 o British Tobacco 2 0 0 Broken Hill Proprietary 4 1 3 3 0 Dunlop-Perdriau 3 10 Electrolytic Zinc 2 0 Ditto (pref.) 2 10 0 0 Felt and Textiles .. 1 18 (1. J. Coles 5 8 0 Broken Hill South .. o 0 0 Emperor 0 14 0 Loloma 0 10 10 Mount Lyell . 2 — 0 Mount Morgan 0 12 (i North Broken Hill .. 3 14 0