COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17947, 26 November 1932, Page 12

COMMERCIAL

N.Z. BREWERIES LTD

INTERIM DIVIDEND ANNOUNCED New Zealand Breweries, Limited, have advised the Stock Exchange Association that an interim dividend at the rate of 3'. per cent, will be paid for the halfyear ended September 30, 1932. The dividend will be payable on December 14. The interim dividend paid in 1931 was 4 per cent., and in 1930 per cent. The total distribution for, the year ended March 31, 1932, was 8 per cent., and for the preceding year was 121 per cent. SYDNEY STOCK EXCHANGE MARKET MORE ACTIVE (Elec. Tel. Copyright--United Press Assn.) SYDNEY, Nov. 24. On the Sydney Stock Exchange to-day there was more activity. Banks were disposed to strengthen. Colonial Sugar were still recovering. Henry Jones, Tooth’s, and Goldsbrough, Morts were a shade weaker. Little change was shown in Commonwealth bonds.

Sales : Bank of New South Wales, £3O IDs; Commercial Bank of Sydney, £l6 ss; Commercial Bank of Australia, New Zealand delivery, 16s; Colonial Sugar, £53 7s 6d; Burns, Philp, 495; Goldsbrough, Mort, 24s 9d; Henry Jones, 38s 3d; Australian Glass, 44s 3d; British ’Tobacco, 355; Tooth’s, 36s 3d; Toohey’s, 21s 6d; North Broken Hill, 73s fid. -

Morning sales: Commonwealth bonds, 4 per cent., 1941, £IOO 12s 6d; 1947, £lOl &s 6d; 1953, £IQI 15s ; 1955, £lOl 18s fid: 1959, £IOO "15s; 1961, £lOl 2s 6d; British Tobacco, 355; Colonial •Sugar. £53 ss: Goldsbrough,. Mori, ?4s Oil; Henry Jones!Co-op,. 38s 9d. MELBOURNE, Nov. 24.‘

Sales: Goldsbrough, Mort, 24& 8d; British Tobacco, 345. 9d; Dunlop'-Pey-dri.au, 17s 3d; Electrolytic Zinc,, 17 s 6d.

HENRY JONES CO-OP. MARKET VALUE OF SHARES MELBOURNE, Nov. 24. At the annual meeting-of shareholders to-day Mr. A. Palfrcvman, chairman of directors of Henry jon.es Co-operative j Limited, expressed the opinion that the market valug of the company's,, shares | iat 39s was. very high. lie warned Shareholders that although . the company’s investments were very sound, the assets of all subsidiaries of t.he company, even if generously valued,, would not cover the market value of tho shares. » j TOOTH AND COMPANY 1 i SYDNEY, Nov. 24. ! Tooth and Company, Limited, brewers, Sydney, declare net profits for tho year at £467,473, which, is about £13,000 below profits of last year. 'The dividend, however, is maintained at 8 per cent, per annum. , ; i ASSOCIATED NEWSPAPERS SYDNEY, Nov. 24. Associated Newspapers, Limited, declare a net profit for the year of £113,688. which is £44,057 better than last year. The problem Of reorganisation of the company’s capital is deferred until the economic position is greatly improved.

' COMPANY REGISTRATIONS 1 j , ’A i /■ .. I -tub-’DA : ') Recent company registrations include 1 the following:--Stonsham (A.) and. Co., Ltd. Regd. as a private company Nov. 11, 1932. Office: 109 Gladstone road, 1 Gisborne. Capital: £BBOO into 8800 shares of £1 each. Subscribers: A. Stoneham 6600, M. E. Stoneham 220 Q. | Objects: Jewellers, watchmakers and in--1 cidental. j ‘ .AUSTRALIAN PRODUCE PRICES. SYDNEY, Nov. 24. The wheat market ha 9 a quiet tone. Bagged, prompt delivery, is quoted at 2s lid, and bulk at 2s lOld a bushel. Growers are selling freely at 2s 3M for bagged, and 2s 2Jd for bulk on sidings, which is equal to about 2s 10Jd. ex trucks, Sydney, Flour, £9 15s a ton. . Bran and pollarij, £5 10s a ton. Potatoes, Tasmanian, to £0; Victorian, £4 a ton.

Onions, Victorian, Silverskins, to £ll a ton; Queensland Globes, £8 10s; Victorian Globes, £l2 IQs. > Oaten hay, £6 10s a ton. Maize, yellow, 6s a bushel. , I ADELAIRE, Nov. 24. ! Wheat: Growers' lots, old, 2s 9Jd. to 2s 10Id; new, 2s 9d to 2s lOd a bushel; bakers' lots, £8 2s Gd a ton. Bran, £5 7s Gd a ton; pollard, £5 17s Gd; oats, Algerian, Is 5d to Is Gd a bushel.

A Waipawa fanner, who shipped his lambs Homo direct, has been advised that they produced a return of Sd .per pound, which compares more than favorably with the prices -being obtained in New Zealand, The Eketahuria butter factory is disposing 'of its output ill the Dominion. Already it has customers in 10 different ventres, and there are still further inquiries. , . , .-.. ~,

Excessive consignments of cucumbers from-.-Australia, combined with an early and proliJie local crop, have had disastrous consequences for Auckland growers. Commonwealth growers (have been aided by. the absence of any duty on cucumbers .entering the 'Dominion, and by the favorable exchange ; rate. Owing to-the increasing, amounts of local cucumbers roacning the city markets, Auckland nrerqffimts. have advised Australian shippers to refrain from sending any further consignments, as the prices realised will not be payable. ‘