COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18722, 3 June 1935, Page 11

COMMERCIAL

SYDNEY SHARE MARKET STEADY TONE MAINTAINED SYDNEY, May 31. On Sydney Stock Exchange to-day the investment markets were quiet, which is not unusual with a new internal loan pending. The tone generally was steady. Sales:—Bank of New South Wales, C3l 12s 6d; Queensland National Bank, 995; Australian Provincial Assurance, 225; Colonial Sugar, £4O; Associated Mews, 235; ditto, pref., 245. Jluddjirt Parker. 38s 6d; Australian Gas, A, £8 Is 6d; British Tobacco, 38s 6d; Tooths. 52s 6d ; Amalgamated Textiles, 9s 9d; Great J. D. Williams, 7s; Nestles, pref., 39s 9d; Victoria Nyanza Sugar, ss. Australian Iron and Steel, pref., 22s 6d; General Industries, 17s 10^d; Gordon and Gotch, 47s od*; Electrolytic Zinc, pref., 35s 9d; Farmers, 25s Anthony Hordern, 18s 9d. Broken Hill Proprietary, 555; North Broken Hill, £6 7s od; Rawang Tin, 7s 6d ; Larut Tin, lis 3d. Morning sales included :—Commonwealth Bonds, 4 per cent,, 1941, £lO5 5s • Bank of New South Wales, £3l 10s ; Associated News, 22s 10£d; ditto, pref., 245; Broken Hill Proprietary, 55s 3d; Bums, Philp, 60s; Wilcox Mofflin, 10s 9d. MELBOURNE. May 31. Stock Exchange sales to-day included : G. .1. Coles, 68s; Mt. Lyell, 20s 4}d. LONDON MARKETS The Bank of New Zealand advises receipt, of the following advice from London as at the close of business this week : "W ethers: There is little inquiry. Ewes: The. market is rather easier. Lambs: The advance in price has checked the demand, but is is thought prices will remain steady at present quotations. Quotations: Wethers, light 32d to 4j}d, heavy 3d to 3£d; ewes, 2|d to 3gd ; lambs, twos 6Jd to 7£d, eights 6Jd to 7d, fours, ojjd to 63d, seconds 6£d to 6|d." ENGLISH GRAIN MARKETS .LONDON, May 30. Wheat cargoes to-day were dull and easier. Parcels were slow and lower. Futures: London, June, 22s 4d per quarter; September, 22s 7d. Liverpool, May, 5s lfd per cental; July, 5s 2gd; October, 5s 3d; December, 5s 3gd. The. spot trade is slow and with an easier tendency. Australian, ex .ship, 28s 3d a quarter. . Flour is quiet. Australian, ex store, 21s to 21s 3d a sack. Oats are steady; peas and beans are quiet. BRITISH TOBACCO (ATJST.) CO. (Per Press Association.) WELLINGTON, this day. A cable message has been received by the. Stock Exchange Association that the directors of the British Tobacco Company (Australia). Limited, bave. declared a quarterly dividend of li per cent., payable, on June 29. ROBINSON ICE CREAM CO. A net profit of £4036, compared with £1905 in the previous year, is shown in the accounts of the Robinson Ice Cream Company, Limited, Auckland, for the year ended April 30. The profit is struck after providing £5191 for depreciation and £2112 for income tax. The directors recommend a dividend of 7 per cent., compared with 6 per cent, in the two previous years.

It is understood that a syndicate has offered to purchase the whole of the shares of the Oamarn Woollen Factory Company, Limited. The purchase price is not available, but it is believed that a return of 13s 6cl on the £1 shares of the company would be payable on realisation of the assets should the negotiations result in a sale. The last dividend paid by the company, which is not. listed on the Stock Exchange, was 4 per cent, in 1929.

THE SHAREMARKET {Per Preaß Association.) AUCKLAND, this day. Sales on 'Change: King Solomon, 4s; Dunlop. 16s 7d; New Zealand Refrigerating, 19s 9d; Paper Mills. 34s 3d; Huddart. Parker, 37s 8d; New Zealand Newspapers, 39s 3d; National Rank-, 67s 3d.

CHRISTCHURCH, this day

Sales on 'Change: New Zealand Government 4 per cent. Inscribed Stock, 1937-40, £104; New Zealand Refrigerating Company, £1 paid, 19s lOd; New Zealand Breweries, 54s 3d ; Broken Hill. 54s 9d; Colonial" Sugar, £4O 10s; Dominion Builders, 6s 3d; Electro Zinc, ord., 265, 25s lid; New Zealand Newspapers, 39s 6d; Quill, Morris (in liquidation), 4s 9d; Sun Newspapers, 8s 10d. Ss 9d; Woolworths (N.Z.). ord., £ll.

Sales reported : New Zealand Government 4 per cent. Inscribed Slock, 1943-46, £108; National Insurance, 21s; New Zealand Breweries, 54s 3d; Colonial Sugar, £4O 15s; New Zealand Newspapers, 40s; Okarito, 5s 2d. DDNEDIN, this day.

Sales reported ; Bank of Australasia, £ll ss; Bank of New Zealand, £2 10s 9d ; Associated News, £1 2s 6d.

On 'Change : Gillespies. Is 5d