AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23187, 5 November 1938, Page 11

AUSTRALIAN EXCHANGES

HARDENING TENDENCY I MORE ACTIVITY SHOWN if . (Received November 4, 9 p.m. SYDNEY. Nov. 4 The Sydney share market to-day showed more activity round late levels, with a hardening tendency. William Adams and Morts Dock shares wero in good demand. Sales included: — £ s d Bank of New South Wales 31 2 6 Goldsbrough-Mort . . .. 18 7% Adelaide Steam .. .. 1 13 1 Toohey's Brewery .. .. ill G Tooths .. .. .. 2 15 6 Ditto 2 15 3 Felt and Textiles .. ~ 1 11 6' Amalgamated Wireless (con.) 218 6 Anthony Ilorderii . . . . 015 lO'/a Associated Newspapers .. 12 0 Ditto . . .. .. 12 1 Australian Glass .. .. 5 10 Australian Gypsum .. .. 1 O 6 British Tobacco .. 2 8 9 Broken Hill Proprietary .. 217 9 Ditto 2 38 0 Colonial Sugar .. .. 49 0 0 David Jones .. .. 1 15 0 Dunlop-Perdriau .. .. 10 6 Electrolytic Zinc .. .. 2 5 9 Ditto (pref.) 2 8 0 General Industries .. .. 0 18 1% Gibson and Howes .. .. 1 9 10 Kandos Cement .. .. 16 9 Meggitts 18 10% Morris Hedstrom .. .. 16 9 Morts Dock . . .. 0 12 3 Newbold Brick' .. .. 1 10 0 Traders' Finance .. .. 12 0 W. Adams .. .. 0 15 0 Woolworths (Sydney) .. 10 10% Loloma .. .... .. 13 3 Monnt Lyell .. .. 19 0 Larut Tin .. .. .. 0 12 6 Commonwealth Bonds.—4 per cent, 1938, £lOl 12s 6d. MELBOURNE EXCHANGE Tho Melbourne market continues quiet, with few variations. Australian Glass eased, but improved at tho closu. Moro interest was taken in Fijian gold shares. Business included:— £ s d Commercial Bank Australia 0 16 10 Nat. Bk. A'sia (£lO pd.) 14 4 0 Goldsbrough-Mort .. .. 18 0 Yarra Falls .. .. 1 16 4 Felt and Textiles .. .. 1 11 4 Australian Glass .. .. 5 0 0 Broken Hill Proprietary .. 2 17 9 Drug Houses .. .. 13 4 Danlop-Perdriau .. .. 10 7 Ditto (pref.) .. .. 1 19 0 Electrolytic Zinc (prof.) .. 2 8 0 G. J. Coles .. .. 3 19 6 Henry Jones .. .. 2 9 6 Herald and Times .. 2 17 9 Imperial Chemicals Melbourne Invest. Trust .. 010 6 Emperor 0 12 3 Loloma .. .. .. 13 1 Mount Lyell .. .. l 810 Mount Morgan .. .. 0 9 10 TALISMAN DUBBO NEW MILL OPERATES FURTHER FINANCE NEEDED Tho annual report of Talisman Dubbo Gold Mines, Limited (Karangahako), for the year ended December 31, 1937, states that 2239J tons of oro were treated at the Golden Dawn battery for a return of £17,657. There is a credit of £437 in the profit and loss account. With a credit of £3603 in the previous year, £3867 remains to be carried forward, after providing £172 for depreciation and reserve.

After failure in prompt deliveries of plant, the new mill is now in operation. Preliminary adjustments, combined with initial difficulties, held up regular returns, which havo not como up to expectations, although it is expected that these will improve from now on. Considerable expenditure has been entailed without adequate return. Development work has been restricted and expenses have been a heavy drain on the finances. An overdraft of £2500 has been obtained, but further finance will be necessary. Although Results on the No. 2 level did not disclose the quantity of good ore anticipated, the No. 4 level disclosed. a rise .at 1079 ft. showing.24in. of ore over one ounce in value. Further work is held up until ventilation is improved. A very extensive body of medium low grade ore has been disclosed in No. 7 level, where the reef is wide and cheaply worked. A large tonnage has been mined and paddocked. The mine manager has reported that the cost of treatment, with the mill working full time, will be less than 15s a ton, which was originally estimated, and the directors anticipate that results will show profitable returns, especially when ore in the No. 4 level can be sent to the mill. _ The amount paid in gold duty during the year was £1421, making a total of £8143 since operations commenced, which considerably exceeds dividends declared, which totalled £6884. The retiring directors, Messrsr. G. S. Poole and P. M. Myers, are available for re-election.

PRICES OF METALS COPPER AND LEAD EASIEh LONDON, Nov. 3 Following are to-day's quotations on the London metal market, compared with those of November 2: — Nov. 3 Nov. 2 Per ton Per ton £ s d .E s d Copper, stan., spot 45 13 0 45 15 7% Copper, stan., 3 mos. 45 16 10/ a 46 0 7/ a Copper, electrolytic 51 10 0 51 15 0 to to 52 10 0 52 15 0 Copper, elect. _ wire bars . • 62 10 0 52 15 0 Lead, soft, spot . 15 15 7% 10 0 7/ a Lead, soft, forward 15 10 4 A 16 4 4/ a Spelter, spot .. 14 9 4/, 14 11 10 A Spelter, forward . 14 14 4A 14 16 10/ a Tin, stan., spot . 212 2 6 211 17 6 Tin, stan., 3 mos. 213 2 6 212 16 3 DAIRY PRODUCTION TUAKAU FACTORY'S DECREASE [from our own correspondent] TUAKAU, Friday Vr. output of the Franklin Cooperative Dairy Company's factory, at Tuakau. is 51 tons of butter less for the period from June 1 to October 31 than for the same period last year. This represents a decrefc.se of 9.7 per good growing weather be experienced from now until The end ot the season, some hope is held that this season's output may ultimately equal last season's, but the leeway to be made up is considerablo. CALL AND DIVIDEND LIST Dividends — " Emperor Mines—ls a share .. JO Sharland and Co.—final, 2 1 /* p.c. Nov. 10 Waihi Investments —6 p.c. p.a. stir. (lesß British income tax at 5s 6d in £1) ■ • • • Nov. 11 Union Oil. —final. Od a share .. Nov. 11 N.Z. Paper Mills—int.. ord., 3 pc. .. . • • • • • Wov - 1® Bycroft—int. 4 p.c . Nov. If. Burns-Philp—int., fully paid, Is a share con., Od a share .. Nov. 15 Australian Glass—int ord., 7 p.c., prei , 4Va p.c. . • • Nov 16 National Insurance —final. 5d a share Nov - 17 Westport Coal —final. 6d a sharo Nov. 21 Broken Hill Pty.—half-yearly, Is 3d a share; new. 5d a snare Nov. 23 E., S. and A. Bank—final, 3% p.c. Nov. 24 Wilsons Cement —int., 4M.d a sharo • • • • • • Nov. 2J!> Younghusband, Ltd.—int., 8 p.c. Nov. 25 Nat. Bank A'asia—int.. 6 p.c. • p.a Nov. 30 Taringamutu Totara—final, 4% P.C. • • • • • • • • AJfiC. 1, Henry Jones —final, Is 6d a share Dec. I Dunedin Brewery—lnt., 2 p.c. ~ .Dec. l Victoria Nyanza—o p.c. p.a Dec. 7 North Broken Hill—Od a share Dec. 8 Bank N.Z.—int., ord., is a share; D mort 3%. p.c. .. Dec. 10 Broken Hil! South —Od a share Dec. 15 Kauri Timber— fin il 3V a P-c. Dec Calls — Dominion Breweries—new.. 5s a . , share • • • • Nov. 14 Broken Hill Pty.—new. 6i a thare Nov. 30