AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23145, 17 September 1938, Page 11

AUSTRALIAN EXCHANGES

INDUSTRIALS FIRMER BRIGHTER TONE EVIDENT (Received September 16, 8.30 p.m.) SYDNEY, Sept. 10 The Sydney Stock Exchange was in a brighter mood to-day as a result of Mr. Chamberlain's visit to Germany. Turnover was good, with a firmer undertone for industrials. Sales included: —

BARTHOLOMEW TIMBER SLIGHT FALL IN PROFIT DIVIDEND MAINTAINED The of the Bartholomew Land and Timber Company, Limited, Hamilton, show a net profit of £2607 for the year ended July 31, against £2709 in the previous year. The directors recommend a final dividend of per cent, making 5 per cent, unchanged, for the year. The report states that the reduced demand for timber experienced last year continued for the first half of this year, but during the latter half there was an increased and steadier inquiry. Particulars of the Government rural building scheme are now awaited, and when this is in operation a more balanced demand should result. Plant, machinery and tramways are in good order and accommodation has been improved. The death of Mr. A. H. Tompkins, chairman and managing director since the company's inception 33 years ago, is referred to with regret. Mr. C. Sutcliffo was appointed general manager and Mr. E. C. Day filled the vacancy on the diuctorate. Results compare .is follows: 1030 1037 1038 Broug'it forward . £'4,771 £4,821 X*5,030 Net profit . . . 3,017 2,709 2,007 ■£7,821 £7,530 £7,637 Dividend, p.c. .. 0 5 5 Amount . . 3,000 2,500 2,500 Carried forward . .€4,821 £5,030 £5,137 Movements in the balance-sheet are as follows: LIABILITIES £ £ Paid capital . . . . 50,000 Same Reserves . . . . lO.SOO +350 Mortgage . . . . . 3,447 . -121 Creditors and tax reserve 2,735 -1,371 P. and L. account . . 0,387 +lO7 ASSETS £ £ Land, bush, bldgs., etc. . 52,081 -4,00!) Slocks, etc. .. .. 0,780 -111 Shares and advances .. 0,418 -250 Debtors 5,512 +703 Owing by subsidiary . . 278 +BO Cash . . . . 2,200 +1,071 Assets are £1529 lower at £73,369. A bank loan of £-19-1 has been paid off during the year. LOWER MARTHA DIVIDEND * INTERIM OF 9D A SHARE Cabled advice has been received by Mr. R. G. Milligan, local director and attorney for the Martha Gold Mining Company (Waihi), Limited, that the directors have declared an interim dividend of 9d a share, free of income tax. It is payable on November 1. The distribution compares with interim and final payments of Is a share last year, making 2s a 5s share, or 40 per cent. The present dividend is at the rate of 30 per cent per annum. Payment is made in sterling. The view that with the virtual ox-, haustion of the Junction mine and the limits of development beginning to appear elsewhere, it was unlikely that dividends could be maintained at previous rates, was expressed by the chairman of the company, Mr. G. R. Mitchison, at the annual meeting in London in May. GOLD AND SILVER QUOTATIONS IN LONDON (Received September 10, 0.5 p.m.) LONDON, Sept. 15 Fine gold is quoted to-day at £7 4s 3d an oz., compared with £7 4s lid yesterday. Silver is quoted at 19 9-lGd an oz. spot, and 19j!d forward, compared with ]9 11-64 d and 19 7-16 d yesterday. The quotation for silver at per fine oz. is 21& d, compared with 21-J d yesterday. (Received September 16, 0.5 p.m.) British JVircless RUGBY, Sept. 15 Gold to the value of £1,313,000 was sold to-day at £7 4s 3d an oz. The following is a summary of the fluctuations in the price per ounce of fine gold this year:—

PRICES OF METALS A FIRMER TENDENCY LONDON. Sept. 15 Following arc to-day's quotations on the London metal market, compared with those of yesterday.

£ R d Bank of New South Wales 30 7 0 Ditto 30 10 0 Adelaide Steamship 1 13 0 Sydney Ferries 0 (j 0 Carlton Brewery 3 3 0 Tooth's Brewery *» 13 li Toohcy's 1 30 0 Associated Newspapers . . 1 O 6 Broken Hill Proprietary o l(i 0 Burns-Philp 'J 10 (i Cash Orders 0 15 3 Colonial Sugar ■17 10 0 Dunlop-Perdriau I 0 10 Vi Ditto . . 1 0 0 Electrolytic Zinc (cx div.) . . •j 0 0 Henry Jones . •j 0 0 James Stcdnian 0 10 0 Mauri Brothers 3 i G Millaquin Surut 1 IT !> Woolworths (Sydney) 1 0 3 Bulolo . 7 1 0 Emperor 0 12 (i Mount Lyell 1 7 1 Mount Morgan 0 1 1 0 Ditto (N.Z. delivery) , . . 0 11 0 Commonwealth Bonds.—1 per cent. 1011. £102 28 (id; 1055, £103 12s (id ; 10, 57, £103 17s (id, 105!), £101 10s. MELBOURNE EXCHANGE The Melbourne market showed an improved tone to-day, with selected gold scrip firmer. Business included: — Commercial Bank Australia . £ 0 s 15 (1 1 1 Nat. Bank A'asia (£5 paid) (i 10 0 Ditto (£10 paid) . . 13 S 0 Ooldsbrough-Mort 1 (i 7. Felt and Textiles 1 11 0 Australian Glass 4 11 0 Aust. Paper Mfrs. (pf.),«new 1 ■1 0 British Tobacco o li 0 Broken Hill Pty. •j 1 5 (i Drug Houses I f, () Dunlop-Perdriau . . • • . 1 0 s Electrolytic Zinc (ex div.i L 10 0 G. J. Coles 3 IS (i Imperial Chemicals (prei L 1 s Ditto (10s paid) 0 11 ■t Melbourne Invest. Trust 0 10 0 Emperor 0 12 (i Mount Lyell 1 7 0 Mount Morgan 0 11 1 North Broken Hill 2 5 0

£ s (1 Highest prico, September 14 7 4 11 Lowest price, January 3 (i 10 5 September 0 7 4 1 September 10 7 4 ■1 % September 12 7 4 7/3 September 13 7 4 7 September 14 7 4 11 September 15 7 4 3

Sept. 15 Sept. 11 Per ton Per ton £ 8 d £' H d Copper, stan., spot 42 11 10'A 41 f) 4% Copper stan. 3 mos 42 3 5 "•A 41 14 ■l'A Copper, electrolytic 47 ir> 0 47 0 0 to to 48 ir> 0 48 0 0 Copper, elect., wire 48 15 bars 0 48 0 0 Lead, soft, spot . . 15 10 a 15 10 TV, 4% Lead, soft, forward 10 0 0 15 14 Spelter, spot14 0 a 11 3 1) Spoiler, forward Tin, stan., spot Tin, stan., 3 moa. 11 11 3 14 8 l'/a 105 7 6 102 0 3 166 2 0 103 3 0