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Poverty Bay Herald, Volume LXI, Issue 18335, 1 March 1934, Page 4

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SYDNEY WOOL SALES CROSSBREDS IRREGULAR (Elpc. Tel. Copyright—United Press Assn.) SYDNEY, Feb. 28. At tho wool sales, 12,748 bales were offered, of which 10,800 were sold; 722 bales were disposed of privately. Fleece wools and skirtings were unchanged, but crossbreds were irregular, prices tending' in buyers’ favor. Greasy merino sold to 30d for five bales from Wollun, New England. SYDNEY STOCK EXCHANGE MARKET IRREGULAR SYDNEY, Feb. 27. On the Sydney Stock Exchange today, tho market was irregular, with a fair turnover, but some leading investments showed a tendency to reaction. Sales: Commonwealth Bonds, 4 per cent,., 1938, £lO3 ,10s; 1941, £lO4 10s; 1947, £lO6 10s; 1950, £106; 1953, £lO6 ss. Australian Gas Debentures, 4 per cent., 1953, £lOl 10s; Bank of New South Wales, £34 7s 6d; Tooheys, 27s 9d; Tooths, 44s 6d; Colonial Sugar, £64 2s 6d; ditto, New Zealand delivery, £64 2s 6d; Dunlop Perdriau, 20s British Tobacco, 39s 6d; Lustre Hosiery, pref., 2Ss 3d. Taranaki Oil, 2s 24d; Biilolo Deposits, 2s sd; Mt. Morgan, 22s Od; New Guinea Goldfields, 7s lid, 7s 9d. Morning sales included: —Commonwealth Bonds, 4 per cent,, 1959, £lO6 15s; 1961, £lO7 ss; Bank of New South Wales, £34 7s Od; Anthony Hordern (prof.), 24s fid; Associated News, 21s 3d; Austral Glass, 525; Burns, Philp, 54s 9d; Broken Hill Proprietary, 46s Od; Colonial Sugar, £64 2s 6d; Goldsbrough Mort,. 335; Howard Smith, ,16s 3d; TVlnchcombe Carson, 30s. Sales on the Melbourne ’ Stock Exchange to-day included: —Goidsbrough Mort, 33s 3d; British Tobacco, 395; Broken Hill Proprietary, 46s 3d, 45s 9d; Dunlop Perdriau, 20s 3d; Taranaki Oil, 2s. LONDON STOCK EXCHANGE LONDON, Feb. 26. Again (his morning a feature of the stock markets was t-hq strength of British i Government stocks under the lead of War j Loan, 3-j, per cent., at a new high record, of £lO2 18s 9d. Internationals were steady. Home in- j dustrials were quieter, but iron, coal and steel were firm. HOWARD SMITH, LTD. 11% ORDINARY DIVIDEND For the first time since 1929 the directors of Howard Smith, Limited, are able | to recommend a dividend on ordinary ( shares. At the general meeting, to be held next month, the directors will recommend a dividend of li per cent, j for the year on ordinary shares. The last ordinary dividend paid was in 1929, when the distribution was 2j per cent. In 1926 and 1927 dividends of 10 per cent, were paid, and in 1928 7j per cent. Preference dividends have been regularly paid. MATAKI GOLD DREDGE Mataki Gold Dredging, , Limited, reports a return for the week ended February 23 of 11 ounces for. 132 hours’ work. MAHAKIPAWA GOLD RETURN The return of the Mahakipawa mine last week was 59 ounces of alluvial gold.