AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23115, 13 August 1938, Page 11

AUSTRALIAN EXCHANGES

MORE SUBDUED TONE WEAKNESS IN AMERICA (Received August 12, 5.30 p.m.) SYDNEY. August 12 The Svdnej Stock Exchange was more subdued to-day, with only minor price variations. Sales included: — it' 8 d Bank of Australasia .. 10 16 0 Commercial Banking Sydney (ex div.) . . . . 20 19 0 Bank of New South Wales 31 17 (5 Ooldsbrough-Mort . . .. 19 6 Australian Gas (A) . . 7 9 O Felt and Textiles I 14 0 Tooheys Brewery . . 1 11 9 Tooths . . . . 2 1(5 3 Anthony Hordern .. . . 0 17 0 Associated Newspapers (pf.) 13 9 British Tobacco .. .. 210 3 Ditto (N.Z. delivery) .. 2 10 3 Cash Orders Amalgamated .. 0 16 7V 3 Colonial Sugar . . .. -19 10 0 David Jones . .. .. 118 0 Dunlop-Perdriau . . .. 1 2 0 Klectrolytic Zinc .. .. 2 3 9 Farmers .. .. 1 12 3 Grimleys .. .. .. 12 6 Malluys .. .. .. 10 0 Morts Dock . .. .. 0 110 Standard Cement .. .. 12 0 W. Adams (old) .. .. 0 15 9 Waldas Shoes .. .. 0 5 6 Woolworths (Syd.) .. .. 116 Commonwealth Bonds.—4 per cent. 1938, £lOl Os 3d; 1941, £102; 1914, £lO3 10s; 1947. £lOl 7s (id: 1953, £lO3 Ss 9d; 1955. £lO3 13s 9d; 1957. £l9l 6s 3d; 1959. £lO4 15s; 1961. CIOS 2s Od. MELBOURNE EXCHANGE In spite of a fall in America, the Melbourne, market showed little change. Business included:— £ s d Commerciil Bank Australia 0 17 6 Australian Glass .. 4 15 0 Aust. Paper Manufacturers (pref.) . . .. .. 15 9 Ditto, new (paid) .. 15 6 Aust. Investment Trust .. 0 5 5 British Tobacco .. 2 10 0 Broken Hill Proprietary .. 3 0 0 Cox Brothers .. . . O 18 4 Drug Houses . .. .. 16 6 Dunlop-Perdriau .. .. 12 3 Electrolytic Zinc . . .. 2 3 6 G. J. Coles . . .. ..*413 Herald and Times .. .. 3 0 0 Imperial Chemicals (pref.) .. 12 0 Ditto (10s paid) . . .. Oil 9 National Investment Trust .. 0 10 0 Broken Hill South .. .. 1 11 3 Loloma .. .. .. 13 3 Mount Lyel! .. .. 18 9 North Broken Hill .. ..269 COX BROTHERS' RESULTS NEW ISSUE AT PAR (Received August 12, 8.30 p.m.) MELBOURNE, August 12 Shares in Cox Brothers (Australia), Limited, improved to-day on the publication of record profits for the year and an announcement of a new issue of one share for. two at par. The company carries on the business of extended credit retailers and owns stores in Melbourne, iVdelaido, Newcastle and Hobart. Net profits in 1937 were £63,563 and the ordinary dividend was 15 per cent. In addition, the directors decided to capitalise £8163 10s and to issue 32,654 bonus shares of 5s each to ordinary shareholders in the proportion of one for ten. GOLD AND SILVER QUOTATIONS IN LONDON (Received August 12, 5.5 p.m.) LONDON. August 11 Fine gold is quoted to-dav at £7 2s 4£d an ounce, compared with £7 2s 6d yesterday. Silver is quoted at 19 7-16 d an ounce spot and 19 5-16 d forward, compared with 19 9-16 d and 19 7-16 d yesterday. The quotation for silver at per fine ounce is 21d, compared with 21id yesterday. The following is a summary of the fluctuations in the price per ounce of fine gold this year:- £ s d Highest price, August 9 .. 7 2 7% Lowest price, January 3 .. 6 19 5 August 5 .. .. ..720 August 6 7 2 iy 3 August 8 .. .. ..723 August 9 .. .. ..7 2 7% August 10 .. .. ..726 August 11 . . .. •. 7 2 4% GOLD SALES IN LONDON (Received August 12, S.lO p.m.) British Wireless RUGBY, August 11 Gold to the approximate value of £1,760,000 was sold to-day at £7 2s a fine ounce. PRICES OF METALS FURTHER SLIGHT EASING LONDON, August 11 Following ar<. to-day's quotations on the London metal market compared with those of August 10: Aug. 11 Aug. 10 Per ton Per ton £sd £ s d Copper, stan., spot 41 3 9 41 4 4% Copper, et., 3 mos. 41 9 4% 41 10 7y 3 Copper, electrolytic 46 15 0 46 10 0 to to 47 6 0 47 10 0 Copper, elect., wire bars .. 47 6 0 47 10 0 Lead, soft, spot.. 14 0 3 14 7 6 Lead, soft, forward 14 10 7 X A 14 10 7'/ a Spelter, spot . . 13 16 10% 13 16 10% Spelter, forward .. 14 1 10% 14 1 3 Tin, stan., spot . . 194 5 0 194 5 0 Tin, stan., 3 mos 195 2 6 195 7 6 WELLINGTON INVESTMENT CITY MORTGAGE BUSINESS A satisfactory year's work was reported at the annual meeting of the Wellington Investment, Trustee and Agency Company, Limited. The net profit was £3673, against £3397 in tho previous yonr. The chairman, Mr. G. G. Gibbes Watson, said nearly all the cases which had to be adjusted by a Mortgage Adjustment Commission had now been dealt with, and in every case the result had been satisfactory both to the company and to the mortgagor. Usually the company and its mortgagors had been able to come to terms without recourse to the Mortgage Commission. During the . year tho directors had been able to find sufficient securities to employ all available funds, always following a conservative policy. In general preference was given to comparatively small advances on city securities, and wherever possible some portion of the advance was out on table mortgage. By so doing the company was able to meet the requirements of those borrowers who were unable to shoulder the burden entailed by placing the whole advance on table mortgage. CALL AND DIVIDENE LIST Dividends— Due Farmers' Fert.—6 p.c. p.a. Aug. 15 Mt. Morgan—pref., half-yearly, 4 p.c. . .. .. Aug. 15 Mossy Creek—ld a sharo .. Aug. 15 Woolworths (Syd.)—pref., halfyearly, first, 10 p.c. p.a.; second, 7 p.c. p.a Aug. 15 Morts Dock—s p.c. p.a. and bonus, iy a p.c. . . Aug. 17 Now Auckland Laundry—int., 8 „ P-c . Aug. 17 Com. Bank Aus.—final, pref., 4 p.c p.a.; ord., 7V 3 p.c. p.a. Aug. 18 Queensland Nat. Bank—final, 2% p.c. . Aug. 18 Dominion Investments —A, B, C. 5 p.c.; B, C (3rd Issue), 4 p.c. Aug. 22 Renown Collieries—pref., 7 p.c. p.a.; ord., lOd a share . . Aug. 22 Bank New South Wales — quarterly, 6s a share . . Aug. 25 Loloma—ls a share . . Aug. 31 Standard Insurance—final, Is 3d a sharo .. . • Sept. 5 Waitahu Gold—2d a share . ?, e P!" 'j Broken Hill South —Od a share . . Sept. 15 Electro/ Zinc—final, pref. and ord. 9 p.c. . • Sept. 16 Calls— « . , Burns, Philp—new, 5s a share . Oct. l Woolworths Props.—los a sharo . Oct. 81