COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17951, 1 December 1932, Page 2

COMMERCIAL

SYDNEY STOCK EXCHANGE ft m 1 - * 4 v* ■•, •.,--#•» w'rr-t COLONIAL SUGARS ACTIVE (Elbc. Tel. Assn.) On the Sydney Stock Exchange to-day Commonwealth loans were weaker owing to the uncertainty regarding the American attitude toward war debts and the consequent effect on world trade. ’ There was a rather sharp reaction in Colonial Sugars, which were extensively deait in. Bank of New South .Wales shaves were firm, due to the maintenance of tho quarterly dividend rate. Henry Jones were in demand. -the market otherwise was without change. Sales: Bank of New South Wales, £3O 12s 6d; National. Bank of Australasia, £5 paid, £6 7s; Commercial Bank of Sydney, £l6 10s; Queensland National Bank, £5 6s 6d; Colonial Sugar, £53 10s: Henrv Jones, 37s'9d; ditto, New Zealand delivery, 37s 6d; Burns, Philp, 495: ditto, South Sea, 395; Fairvmead Sugar, 26s 6d; Tooth s, 35s 6d; Toohev’s, 21s 6d; Gpldsbrough, Mort, 24s 9d : 'Carlton Brewery, 35s 6d ; Dunlop-Perdriau, 16s lO^d; Australian i Class, 44s 3d; British Tobacco, 34s 10'd; Mount Lyell, 22s '3d ; North . Broken Hill, 70s 6d. Commonwealth bonds, 4 per cent., 1938, £lO2 ss; 1941," £IOO 355; 1944, £tCO 15s: 1944, £IOO 16s 3d; 1947, £IOO 16s 3d: 1950. £lOl 2s 6d; 1953, £lOl 10s: 1955. £IOO ss: 1957. £IOO 10s: 1959, £IOO 10s; 1961, £lOl. MELBOURNE, Nov. 29. Sales: National Bank of Australasia, £5 paid, £6 7s ; ‘Metropolitan Gas, £l2 9s: Mount Lye'll, 22s 4^d: Taranaki Oil, 2s od.' NORTHERN STEAMSHIP CQ. A ' '"' r NO INTERIM DIVIDEND / .’V.; -'ki . - Hollowing the practice initiated last year, the directors of the Northern Sii’iimship Company, Limited, are again deferring consideration of payment of an interim dividend until tho full year’s iesults are available. .-- T - F. AND 0. COMPANY ANOTHER DIFFICULT YEAR My. ; ‘ *■•... -■ ‘ ' LONDON, Nov. 28. The Peninsular and Oriental Steam Navigation Company, aftei; allowing £350,000 depreciation on its Hcet, £llO, OCO for debeuturc redemption reserve, arid taking in £115,738 brought forward from 1931, shows a credit balance ol £281,274.'" After paymeii.i of preferred • diyid.end £129,274 is carried forward. 'file report states that the company has Lad to fage a. long succession of bad trade. The depression continues', arid the outlook is uncertain, making tconserration of resources a primary duty. Owing to trade conditions and the do predation of tho Australian pound, Aus traliau passenger traffic continued tc suffer. The new tourist accommodation had proved popular. Carg6 from Aus trail a reflected Australia’s great effort: to increase exports, but most of the out ward space was empty. There was some improvement recently. P. and O. deferred shares sold on the London Strok Exchange to day at 15: lljd. DAIRY PRODUCE MARKETS CHEESE REMAINS} Pl^ To-day’s advice concerning: the Lou don butter market show* that the value of New Zealand produce suffered n further decline yeeterdav of from Is to 2s per cwt., making a total decline of from 2s to 4s per cwt. within two days. To-day’s quotation, however, is still from 2s to 4s above the lowest prices quoted at the end of last week. The cheese market, which did not participate in the debacle suffered by butter during the past few weeks, w still holding firm. Joseph Nathan and Company report to-day as follows:—“ Butter, 88s; the market is very quiet. Cheese,'White is quoted to land at 62s to 635, with colored at Is premium.” An exceptionally short stock sale took place in Waipukurau on Tuesday. The yarding was small, and the whole offering was put up within 30 minutes. The New Zealand Loan and Mercantile Agency Company have received the following advice from London dated November 30:—“Butter, 89s; the market is slow. Cheese, small supplies are available, at 64s to 665." Operations in connection with the working of the Thames foreshock for tire recovery of gold are expected to commence shortly, the Gold Exploration Company, which was recently registered in Auckland, haying been, formed fop this purpose. It is understood machinery has been ordered for the necessary plant. . ■ i- sTi J