COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18764, 22 July 1935, Page 11

COMMERCIAL

SYDNEY STOCK EXCHANGE LEADING COMPANIES ACTIVE SYDNEY. July.l9. On the Sydney Stock Exchange to-day lending company shares were very firm. Commonwealth bonds were quiet, and mining business was slack. Sales: Bank of New South Wales, £32 l£s; Commercial Bank of Sydney, New Zealand delivery, £lB 12s; National Bank of Australasia, £5 paid, £6 11s; Union Bank. £9 ss: Colonial Sugar, £45. Adelaide Steam. 31s 6(1 : Ilmldart Parker, 39s 9d ; Burns Phiip. Gss ; Australian (las, A. £8 3s; British Tobacco. 40s 3d; Tooths, 55s 3d ; Tooheys, 30s 7.U1 ; G. J. Coles. 625. , Morris Ilcdstrom, 225; Henry Jones, 57s 6d; David Jones, 41s 6d; Anthony Hordern, 20s General Industries, 20s; ditto, prof.. 255: Amalgamated 'textiles, 1 "Is 7d; John McGrath, 365. Ml. Morgan, 375; South Broken Hill, 81s 6d; North Broken Hill. £C> 16s 6d ; Bulolo Gold, £8 16s; Malim Nawar Tin, 16s 3d; Placer Development, £32. Morning sales included: Commonwealth bonds, 4 per cent. (19o8), £loo 8s 9d : 4 tier cent. (1957). £lO5 ss; 4 per cent. ' (1961), £lO6 10s; Commercial Banking Company, of Sydney, £lB 12s; ’Vnthonv Hordern, 20. s Did; Associated News, 23s 3d, (prof.) 23s 101 d; Broken Hill South. 91s 6d; Dunlop Perdriau Rubber, 16s 6d; James Stedman, 18s 9d ; Lustre, 28s 3d. MELBOURNE, July 19. Stock Exchange sales to-day included : Bank of Australasia. £ll 3s; Commercial Bank of Sydney, £lB 8s; National Bank of Australasia. £5 paid, £6 11s; Goldsbrough Mort, 30s 3d; CL J. Coles, 62s 6d.

UNCHANGED DIVIDEND DOMINION INVEST. & EANKING A net profit of £7802 was earned by the Dominion Investment ana Banking Association of Auciciand for tinyear ended June .20. The profit compares with £7598 in the previous year and £5974 in 1933. The sum oil £919 was brought forward, making £8721 available. The, directors propose to distribute this as follows; —To payment of an unchanged divid'cnd of -I per cent, on all classes of shares, £0501; to reserve fund, £IOOO. increasing this fund to £OOOO, in addition to a contingency reserve of ,£,".500, and to carry forward £1220. The directors state that the year's business has reflected more stable conditions and returning confidence in national affairs.

LONDON WOOL SALES The Bank of New Zealand is in receipt of the following advice Rom London dated July 19: “Compared with the opening rates, prices for greasy merinos are fully firm and the market is strong. For greasy crossbreds, which arc £d dearer than the opening rates, there is a limited demand. Scoured wools arc Id cheaper than the opening rates.”

LONDON MARKET REPORT The Bank of Now Zealand is in receipt of the following cabled advice* from its London office as at the close of business this week:— “Wethers : The demand is improving. Ewes: Weaker values are ruling owing to Jack of demand. Lambs: The market is firm and there is a. good demand. Current quotations: Wethers, light, to 4id; heavy, 3£cl to 3gd; ewes, 2d to 2gd; lambs, twos, 7d to 7,1 d; eights, 7d to 7RI; fours, 6|d to 7d; seconds, 6d to 6R1.”

The Bank of New South Wales has received the following cabled advice from its London office: “Wool sales; Continent more active. Prices maintained with the exception of merinos, which have eased slightly. Average or estimated prices of New. Zealand greasy fleece ordinary top-making wools

DAIRY PRODUCE PRICES (per Press Association.) WELLINGTON, this day. Dairy produce prices have been fixed on the basis of butter at lOjjd; cheese, 6d. Those prices are equivalent to 86s 4d and 44s respectively. GOLD MINING RETURNS The vet-urn at. the King Solomon Mine this week was 740 z. lOdwt. The Wnimnmu Sluicing Company’s return for 14 days was 360 z. 16dwt, ENGLISH GRAIN MARKETS LONDON, July 18. Wheat cargoes to-day were firm and unchanged. Prices for parcels were steady to 6d advance. Futures. London, September 21s 3d pel* quarter: Liverpool, July, os per cental. October. 4s ]l£!. December 4s llpl. March 4s l.O^d. The spot, trade is slow. Australian, ex ship, 26s 9d a quarter. Flour is quiet. Australian, ex store, 29s !o 20s 6d a sack. Oats tiro firm: peas and Leans are quiet, and unchanged. MELBOURNE PRODUCE MARKETS MELBOURNE, July 19. Wheat, 3s a bushel ; flour. £lo' 7s 6d | a ton; bran, £4 15s; pollard.. £5: oats, i 2s 3d a bushel; barley, English, 2s 7d to 3s; maize, 4s 6d. Potatoes, £lO 15s to £ll a ton; i onions, £9 sj. |

July 12 July 19 d. d. Mori no, 66/64 11,} in Fine halfbred, 56/58 ... 11} 11} Halfbred, 50/56 10 10 Three-quart orb’d. 48/50 83 83 Fine crossbred. 46/48 7} 7J Medium cross!)’*1, 44 46 7 7} Crossbred, 40/44 6} 6J