AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23417, 5 August 1939, Page 11

AUSTRALIAN EXCHANGES

UNSETTLED MARKET further pric.e recession (Received August 4, ,8.25 p.m.) SYDNEY, Aug. 4 The local political crisis had an unsettling effect on the Stock Exchange to-day, causing a further recession in prices, which is regarded as only temporary." Sales included:— l> Bank Xew South Wales' .. 28 (1 0 i- Commercial Banking Sydney ,as 17 o „ iS.Z. insurance .. ;■■. •> 7 0 Soulh British .. ... Ijp 0 United Insurance .. ;. 10 10 0 e (•oldsbrough-Mort .. .. 1 410 "Wilcox "°M.offlin . . ' . 0 5 1) Australian Gas A (old) .. 7 4 0 Felt and Textiles .. ~ ] 10 ;t Tooth's Breweries .. ; 211 0 A.C.I. .. ••••.'.. 115 a (j Anthony Hordern .. .. 033 5 Broken Hill rty. .. 'Vi;. ■ 3 2 0 0 Tl T}! l } o • • • • • a" 1 » British iobucco .. . .. 2 5 !) 7 Ditto .. o 5 (1 1 Ditto (prof.) .. .. 17 0 j Colonial Sugar ... .. 44 17 0 0 Cash Orders .. ..." _. O 1(1 0 ~i Duulop-Perdriau .. .. 0 18 1) Electrolytic Zinc '. . .. 2 ••,, 0 r, Fairymead Sutrar .. '< .. 132 0 2 Farmers .. ~ ..17 0 1- 0. J. Coles .... .1 310 0 ■ t Gordon and Goteh .. .. 213 0 Henry .Tones- "• 2 10 0 G —Moris Dock,.. .. .. OIS 3 . Millnqnin Sugar .. ... 2 0 0 • ■ .W. Atkins 1.. V .. I' 3 0 AV. Ada ins 1.. ' . '••" .-. 015 a A\ r . H. Soul .". .• .. - 4 7 (X \V.- R: Carpenter 2 1 0 Morjraa.■ .. * ",. - 0 Sll Mount Lyell .'.V, ■ . . 1 510 v-'klCmt Broken. Hill .. * . . 045 (I : North Broken.Hill .; ... 2 5 3 ■■j -'-Broken Hill South . j-\ .: .1 5 7 ". Arahnra 'V. .. „ ..17 0 C'ommonWealth Bonds.—-3%" per cent," 1051. £OO 2s Odi 4 per. cent. 1041, £lOl 2s Od; 1014, £lOl 12s,Gd, 1047. £lOl 10s Od; )- ipoi, £iot r.s. MELBOURNE EXCHANGESales on. the Melbourne Exchange included:— -.lis dNat.'Bank A'asia (£5) .. 0 4 0 A.C.I. .. .. .. 3 15 if Broken Hill Pty. .. ' 3 l (> British Tobacco .. .. 2 5 3 Dunlop-Pordriau 0 18 0 . Herald and Times .. .. 3 2 li G. J. Coles (pref.) .. .. 1 13 0 Mount Morgan .. .. 0 8 11. North Broken Hill .. .. 2 5 3 Lolonia .. .. .. 15 4 s BUSINESS ON WALL STREET TURNOVER .MAINTAINED f , NEW YORK, AuflT. 3 Turnover 011 the New York Stock Exchange to-day totalled 1.010.000 shares, compared with 1,030,000 shares yesterday. s GOLD SHIPMENTS OUTPUT FROM FIJI NIAGARA'S LARGE PARCEL *£fROM oun OWN CORRESrOKDENTj - , 1 SUVA, Aug. 1 "By the' Niagara, which left Suva on July 21,* a shipment of gold amounting in value* to £63.180 in Fiji currency was shipped to Australia. This, represented the/usual monthly clean : up from the Emperor and Loloma mines, which averages in value about £50,000" a month. This shipment is the largest monthly one yet made from these, two Klines, indicating a steady increase in output from 1 .both mines. "-.As*!? . The Loloma consignment consisted of 3,408.650z. of fine gold, this being .178-390z. above the previous- monthly record shipment, winch went , forward t in 31 arch last. The Emperor .consignment was 4,103.690z. .The record" in cut from the Emperor was in March,'\ * when, a parcel of : 4,188.640z. . whs shipped.. Government royalty and . port tftx will .Tcalisi : approximately £3791 om.the shipment. , 1 K"jV * ' ' '' ' ' ■ : ...' " ■ ' GOLD AND SILVER ' QUOTATIONS- IN ' LONDON - : (Received Atfgust 4* 5.5 p.m.) LONDON, Aufr. :j Eine gold is quoted to-day at £7 8s 6jd an oz., same as yesterday. Silver is quoted at 16jjd an oz. spot, and I6JII forward, compared with 16 11-16 d and 16 5-16 d yesterday. The quotation for silver at per fine oa. is 17 15-16 d. compared with 18d yesterday. The following is a summary of tho fluctuations in the price an ounce of fine gold this year: — . !■' -•. £ s d Highest price, January 4 .. 710 5 Lowest price, January 27 .. 7 8 2 July 28 .. .. ..7 8 0V a July 29 .. .. .. 7 8 o'/ a July 31 7 8 o'/, v Auprust X-, ■ .■ 7 8 OVa ' AUffust r2, .." 7 8 ny a August 3. ■ i'i, 7 8 OVa CARO'S BARGAIN STORES "HAMILTON FIRM'S/YEAR ' [fHOM OCR OWN COHIIESrONDENT} ' HAMILTON, Friday. A successful year was reviewed "in the report of Caro's Great Bargain Stores, Limited, Hamilton, to he. submitted to tho annual' .meeting on August 31. There had been a satisfac T tory increase in sales, but this had" been offset by increases in overhead costs and taxation. Tho balance-sheet showed that after provision had been made for depreciation a profit of £3911 had been earned. With £61.6 brought forward there was £4527 available. The directors recommend payment of a dividend of 6J per cent on preference shares, and 7.J per cent 'on ordinary shares. Both rates are unchanged. After rnt|king provision for income and social security tax the sum of £496 is carried forward. Tho retiring director, Mr. C. B. Wako, is eligible for re-election. : A.C.I. NEW ISSUE » ■ ■ - .0 -DETAILS OF PAYMENTS • • •' v- -Australian " Consolidated Industries, Limited. Melbourne, "has advised the Stock Exchange Association that with regard to the new issue of ordinary shares payments will be:—Five shillings on application on September 30. and. four similar instalments, in March and 1 September, 1940, -and in March and September, 1941. Instalments cannot be prepaid. " ; »- ' ~ .