COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18550, 9 November 1934, Page 10

COMMERCIAL

MARKET CLOSES FIRM , SYDNEY WOOL SALES (Eloc. Tel. Copyright—United Press Assn.)! SYDNEY, Nov. -8. At the wool asks 11,427 bales were offered, of which 9411 were sold; 1469 bales were disposed of privately. The market closed firm with prices unchanged. Continental and-. Yorkshire buyers competed freely, with good support from Japan. Greasy iner.ino sold to 13Ad, for five bales from ■ Yass.

WILSONS CEMENT INTERIM DIVIDEND RAISED Wilsons (N.Z.) Portland Cement, Limited, yesterday -advised the Stock Exchange Association that the directors had declared an interim dividend ol 7Ad per share, payable on November 28. The- dividend is at- the rate of per cent, for the half-year, an increase of 1J per cent. The customary distribution is at the rate of 10 per eput. per annum.

PROFITS DOUBLED PYNE, GOULD, GUINNESS, LTD. The sixteenth annual report and bal-ance-sheet of Pyne, Gould, Guinness, Limited, states that the net profit for the year was .C 43,522, nearly double the amount earned in 1935. The reportstates that, the financial position of the company’s clients lias much improved, and despite losses written off during the year the reserve against weak accounts remains practically unchanged. After paying £19,200 for interest on A and B perpetual debenture stock, there remains a credit balance for the year of £24,322. The debit balance brought- forward last year in the profit and losses account was £13,945. which, alter deduction from this year s profit, leaves a credit balance ot £10.376 to be carried forward.

SYDNEY STOCK EXCHANGE BANKS NEGLECTED SYDNEY, November 7. On the Sydney Stock Exchange today there was a good inquiry lor shares in city department stores. Dealings in gold shares were restricted and banks were neglected. Sales: —Colonial Sugar, ex dividend, £73; New Zealand Insurance, 71s; Tooths, 325; 0. J. Coles, 50s fid; Australian Glass, 5Cs 3d; Dunlop Pardriau, 20s .l td. Goldsbrough Alort, 31s 9d; Winchcombe, (Carson, 29s fid; Fanners, 27s 3d; Anthony Hordern, 17s; Australian Iron and Steel, prof., 235; Automatic Totes, 20s fid; General Industries, 13s Ad.

Alount Alorgan, 35s 3d; Broken Hill Proprietary, 50s fid; Bulolo Gold, £8 8s ;3d; Placer Development, £24 ss.

Morpiug sales included: —Common* wealth Bonds, 4 per cent., 1944, £l n 7 ,13s !)d; Tooheys, 295; Anthony Hordern, lfis 10-id; Associated' News, 25s fid; ditto, prof., 23s 3d; Australian Glass, sfis; British Tobacco, 41s 9d; Goldsbrough .Afort, 31s 9d; Winchcombe Carson, 29s fid. MELBOURNE, Nov. 7.

Sales on the Alclbourno Stock Exchange to-day included: —E. S. and A. Bank, £5 3s; Australian Glass, sfi>; Gordon and Gotch, 45s (id; Howard Smith, 15s 9d; British Tobacco, 425; Aletropolitan Gas, £l4 9s; Alount Lyell, 19s.

AUSTRALIAN PRODUCE PRICES SYDNEY. Nov. 8, Wheat- at country sidings, 2s for. bagged, Is 11 pi bulk, .equal to 2s 7d to 2s 7£<l, ox trucks, Sydney. The first consignment of the new season’s wheat today . made 3-s 4d a. bushel. Flour is quoted at £7 15s; bran, £5 j pollard. £5 Ss; potatoes, local, new, to £l2; Tasmanian, £l4; Victorian, £9; onions, brown, £8 10s to £9; maize, yellow and white, 3s 3d..

ADELAIDE, Nov. 8,

Wheat, growers’ lots, 2s 7d; flour, bakers’ lots, £7 lfis 6d; bran, £5; pollard, £5 2s 6d; oats, 2s sd; barley, best, 2s lOd.