AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23139, 10 September 1938, Page 9

AUSTRALIAN EXCHANGES

i DISTURBED CONDITIONS

RESTRICTED DEALING (Received September 9, S.UO p.m.) SYDNEY, Sept. 9 Business in the investment section of the Sydney Stock Exchange to-day was practically at a standstill due to the local coal dispute and the troubled state of European politics. The undertone of the market, however, was linn. Sales included:—

Commonwealth Bonds.—l per cent, 1038, £lOl 8s Od; 1050, £lO3 3s 9d; 1955, £lO3 15s; 1957. £lOl ss; 1959, £lOl 7s Gd. MELBOURNE EXCHANGE On the Melbourne market investment stocks were still quiet. Barriers were firm on tho announcement of the lead cartel. Commonwealth loans were steady. There was sorao interest in oilprospeeting companies. Business in-

MACHINERY TRADE BOOTH, MACDONALD YEAR BURDENS ON INDUSTRY A profit of £5085 before providing for income tax is shown in tlio accounts of Booth, Macdonakl and Company, Limited, for the year ended June .'3O, against a net result of £90.'36 for the previous 18 months. Tho directors in their report state that as tho payment of income tax reduces the net return on the capital invested to a very small percentage the result cannot he considered either reasonable or satisfactorv.

"The burden placed on the industry by higher prices for raw material, by shorter hours and higher wages lias made tho year an anixous and difficult one," continues tho report. "Wo had hoped to have had some assistance from the Government before this in the direction of preserving our local market for our local industry. So far this assistance lias not, for various reasons, been given, but we are still hopeful that something in this direction may come about in the near future, otherwise the outlook is not encouraging. Internal competition is keen enough to prevent any exploitation of the position." The year's profit has been transferred to the profit and loss account, reducing that debit to £39,462, as against £513.582 two and a-half years ago. The capital of the company is £186,519.

BERLEI, LIMITED, SYDNEY

CONTRIBUTION TO INSURANCE All subsidiary companies and the Now Zealand associated companies had made profits during the past year, said Air. 13. G. David, acting-chairman of Berlei, Limited, at the annual meeting in Sydney recently. Progress in London had been satisfactory, and the new factory, now fully equipped and working smoothly, had ample provision for increased production. The company's contribution to the national insurance plan would be about £I6OO for a full year. Although it had befn stated that tho amount could be passed on, this would not be easy. The adoption of this method might have a boomerang effect if, through higher prices, the consumer was forced to purchase lower-grade goods.

WOOLWORTHS (SYDNEY)

INTERIM DISTRIBUTION

(Received September 0, 8.30 p.m.)

'SYDNEY, Sept. 9

The directors of Woolworths, Limited, have declared an interim dividend on ordinary shares of 6 per cent for the half-year ended July 31.

Dividend for the previous financial year was lo per cent, made up of three quarterly payments of 2 per cent and ii final distribution of 9 per cent. The directors this year decided to pay halfyearly dividends in April and October.

WHOLESALE PRICES

BRITISH STATISTICS (Received September U, 0.5 p.m.) British Wireless ItUGBY, Sept. S The general level of wholesale prices iu Britain in August was 1.1 per cent lower than in July. A decline of .M.2 per cent in food prices was responsible for the lower index as the prices of industrial materials and manufactures showed no appreciable change. Compared with 1937 the general index for August fell by about 10J per cent. CALL AND DIVIDEND LIST Dividends — _ . Duo Neiiiona Gold—No. 13, Id a share . . . . . . Sept. 12 Broken Hill South—Gd a share Sept. 15 lluddart-Parker —int., pref., 3 p.i:.; ord., <i p.c. . . . . Sept. 15 Electro. Zinc—final, pref. and ord., Op.c. .. .. Sept. 10 Howard Smith—int., 2 p.c. . . Sept. 22 K.D.V. Boxes—2% P.c. .. Sept. '->3 North Broken Hill —quarterly, (id a share . Sept. 28 Cox Bros. —final, A and B pref., 7 p.c. p.a.; ord., 15 p.c, p.a. Sept. 30 Bunk A'asia —int.. Us <>d a sliaro Sept. 30. Dunlop Perdrian —final, pref., f> p.c.; ord., '.i/ 2 p.c. .. .. Sept. 30 British Tobacco quarterly, 2 p.c. . . . . . . Sept. 30 Felt and Textiles —ord., final, 5 p.c. ... Sept. 30 Howard Smith, riref., quarterly, Op.c. p.a. . . Oct. 6 United Provisions —ord., 3 p.c. p.a.; pref., final, -1 p.c. .. Oct, 28 CallsBurns. Philp—new, 5s a share Got. 1 Wool worth" Props—los a share Oct. 31 WHEAT, FLOUR AND SUGAR LONDON, Sopt. 8 Wheat. —Cargoes are .steadier and parcels arc firmer. Futures. — London: August, 21s 9d a quarter; November, 22s Id. Liverpool: October, -Is S.Jd a cental; December,- Is "id; .March, •Is ?Jd. Spot trade easier. Australian ex ship, 27s 9d. Flour weaker. Australian ex store, 21 s (id to 225. Kaw sugar, beetroot basis, 5s s.]d a cwt.

,C s d Commercial Banking Sydney '_><> :t 0 Australian Gas (A) 7 <; 0 Queensland Brewery 'tooth's Brewery I o •J M 0 Toohey's Brewery Australian Glass 1 l l !) 1 ia a British Tobacco 'J i; <> Broken Hill* Pty. 'J in i> Burns, Pliilp 11 (> Dutilo p-Perdriau 1 i <1% Ditto I i a Electrolytic Zinc 'J (> Kairymend Sugar 1 i1 !) ■l'A Kaiulos Cement 1 r> Producers and General 0 a Ditto (pref.) 0 1a 0 Stedmans 0 VI a IO'A Woolworths (Sydney) 1 0 Lolomti 1 -1 5 Mount Lyoll 1 7 VA Placer Development a 18 0 Toukah Harbour 0 no 7'A Zinc Corporation- . . 4 10 0

eluded: — ,c H d Commercial Bank Australia 0 10 0 Nat. Bank A'asia (i'o pd.) (> J'_> (i Ditto (.I'll) paid) r_> 0 Goldsbrongh Mort Felt and Textiles I 7 :i 1 i:s it Carlton Brewery :t (i Australian Glass i :i:i o British Tobacco 7 :! Broken Itill Pty. .. . . • > Hi i> Dunlop-Perdriau Electrolytic Zinc (liref.) . . r I 0 2 <> Imperial Chemicals (pref.) . . Cr. J. Coles i 1 it a IS 0 Broken Hill South i 10 n Emperor 0 12 10 Lolonia 1 .) 0 Mount Lyell 1 7 1 Mount Morpran 0 11 l. North Broken Hill .. o 0 a