AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23181, 29 October 1938, Page 9

AUSTRALIAN EXCHANGES

QUIET BUSINESS STEADY MARKET TONE ______ t (Received October 28, 8.15 p.m.) 'SYDNEY, Oct. 28 Business on the Sydney Stock Exchange was along quiet lines to-day. The tone of the market was steady, although shares in the leading shipping companies were stronger. Sales included: — £ s d Bank of Australasia .. 1(> 0 0 Commercial Banking Sydney 20 0 0 Ditto 20 2 0 Bank of New South Wales 31 5 0 Huddart-Parker .. .. 2 9 6 Ditto 2 10 0 \ Felt and Textiles .. .. 1113 t Toohey's Brewery .. .. 111 0 I Tooth's .. .. .. 214 6 | Anthony Hordern .. .. 015 0 Associated Newspapers .. 110 * Australian Glass .. .. 4 19 6 I British Tobacco .. .. 2 8 3 : Burns-Philp 2 13 6 : Claude Neon Industries .. 1 10 0 ? Colonial Sugar .. 48 5 0 Dunlop-Perdriau (pref.) .. 1 18 4/» i 0. J. Coles 3 10 0 General Industries .. .. 0 18 3 Gordon and Gotch .. .. 2 12 9 Henry Jones .. .. 2 0 0 { Millaqnin Sugar .. .. 119 0 f Bar gents 17 0 Waldss Shoes .. .. 0 5 9 IW. Adams 014 8 Mount Lyell . .. .. 1 10 O iZinc Corporation 5 2 0 Commonwealth Bonds.—4 per cent, 1038, £lOl lis 8d; 1041, £lO2 10s; 1044, £lOl li fld; 1063, £lO3 6s; 1950, £lO2 12s 6d. MELBOURNE EXCHANGE On the Melbourne Exchange there were few variations in a quiet industrial market. The first sale was recorded of Claude Neon Industries in their new form at 30s 6d. Business inclined: — *- £ s d at. Bank A'asia (£5 paid) «14 0 ward Smith .. .. 0 19 6 Cirlton Brewery .. .. 3 5 9 Yjrra Falls 1 10 9 A*tralian Glass .. .. 410 6 Bioken Hill Pty 2 17 0 D*nlop-Perdrlau .. .. 10 5 Electrolytic Zinc .. .. 2 6 0 G. J. Coles 3 19 0 Herald and Times .. .. 2 10 0 Hume Pipe (Aust.) . .. 0 10 (> Broken Hill South .. .. 1 12 6 Emjeror .. .. o 12 s Loloma .. .. 14 3 Monnt Lyell .. .. 1 10 0 Mount Morgan .. .. 010 0 North Broken Hill .. .. 2 11 6

HIGHER EXPENDITURE

RECORD SALES OFFBET EVER-MOUNTING COSTS [BY TKMT.BAPH —OWN COKRKSrONDENT] DUNEDIN, Friday Although sales were the highest yet recorded i» the history of the company and gross profits were the second highest, increased expenditure in every direction lad brought down the net profit to a sum which was £lO6 less than the jrevious year, said Mr. P. L. Halsted, chairman of directors of the Drapery and General Importing Company of New Zealand, Limited, at the annual nee ting this afternoon. The company ha! made satisfactory progress during the year. "I havo o'ery confidence that this present year will again show an increase in salej, but I would caution you not to look ftr much, if any, increase in net added the chairman. "Our prices ire kept as low as 'possible in order to meet all competition, and expenses are mounting all the time. The presnt strength of the company is due t< the conservative financial policy of (he past, and I have no doubt as to tjfc wisdom of that policy being recognise! and maintained in the future." ' I

The chairman.expressed his confidence that shareholders would share the directors' satisfiction at being able to maintain the ordinary dividend at 6 per cent and at the same time add £IO,OOO to reserve and increase the carry forward b? £I3OO.

BURNS, PRILP AND CO. STEADY DIVIDEND RATE The directors of Burns, Philp and Company, Limited Sydney, have declared an interim dividend for the halfyear ended September 30 the rat* l of 10 per cent per annum, being equal to Is a share on the fully-paid shares and 6d a share on the contributing shares. Payment will be made on Isovomber 15. The rat* is unchanged. GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Oct. 27 Fine gold is quoted to-day at £7 5s 7d an oz., compared with £7 5s 9d yesterday. „ , Silver is quoted at 19|d an oz. spot and 19 7-16 d forward, same as yesterThe quotation for silver at per fine oz. is 21 3-16 d, satno as yesterday, (Received October 28, 6,5 p.m.) British Wireless RUGBY, Oct. 27 Gold to the valm of £1,074,000 sold to-day at £7 5s 7d an ounce. "-v * The following is t summary of the fluctuations in the p*iccran ounce of fine gold this year:— fi'g'd Highest price September 28 7 7 O Lowest price, Januarj J fl 10 ft October 21 7 0 Vj October 22 J «? J'* October 21 ' ' Z rl} October 25 " 4 r o " October 20 ■ % » » October 27 • • 7 ft 7 KAURI TIMBER PAYMENT • The directors of the Kauri Timber Company. Limited, Melbourne, announce that subject to audit they have resolved to recommend a dividend at the rato of 7 per cent per annum for the half-year ended August 31, making, with the interim dividend paid in June, 6 per cent for the year, an unchanged rato.

CALL AND DIVIDEND LIST Dividend*— , , . T ,. Duc Drusr Houses of Aust,, Ltd.— final, :»V a PC. • •. O ct - 31 British Tobacco— pref.. quartirly, tt'/j p.c. i«.a. . ■ ■ Oct. 31 United Building (Anck.)—final, 2% p.c- • • • oct - 31 Martha—int., Od a share, ta* free, sterling • • • No*- 1 Australian Iron and Steel—pref., half-yearly, £R 10b 8d p.c. Nov. 1 Macky, Logan—int., 2% p.q. . Nov. 1 Prestige (N.Z.)— pref., 0 p.c. p.a. Nov I Bank of Adelaide—lnt., 6 p.c. p.a Nov. 2 Emperor Mine* —Is a share ~ Nov 10 Sharland and Co. —final, 2% p.c. Nov. 10 Waihi Investments—o p.c. p.a. stg. (less British income tax at 6s 0d in £1) .. .. Nov. 11 tf.Z. Paper Mills—lnt.. ord., 8 p.c. .. • • .. Nov 15 Bycroft-—int., 4 p.c. .. .. Nov. 15 Burns-Philp—int., fully paid, Is a share; con., fld a snare .. Nov. 15 Australian Glass—int., ord., T p.c., pref., 4Vi p.c. . ~ Nov. 16 National Insurance—final, 5d a share , .. .. Nov. 17 Broken Hill Pty.—half-yearly, Is 3d a share; new, fid a share Nov. 28 Nat. Bank A'asia—int., 6 p,c. P- a - v iv _••• , • • Nov. 80 Taringamutu Totara—final, 4% p.c. . . .. Dec. 1 Henry Jones—final, Is fld a share Dec. 1 Victoria Nyanza—fl p.c. p.a. Deo. 7 North Broken Hill—fld a share Doc. 8 Bank N.SS. —int., ord., Is a share: T> mnrt.. W, p.c . . Dec. 10 Broken Hill South—fld a shkre .. Dec. 15 Kauri Timber —final, 3% p.c, ~ Dec. Calls— Woolworths Props.—los a share Oct. 31 Dominion Breweries—new, 6s a share Nov 14 Broken Hill Pty.—new, Gs a share Nov. 30