COMMERCIAL
SYDNEY EXCHANGE
GENERAL TONE STEADY
SYDNEY. March 9,
The. general tone ol the investment market mi the Sydney Stock Exchange to-dav was steady, with a greater activity in Government securities. ■ This morning's business included,: Commonwealth bonds. 4 per vent. 1951. CIC3 10s: Commercial Rank of-Sydney, £2l 8s: Toohey’s. 33s 3d: Tooth’s, 545; Anthony Hordern. 20s 61I: British Tobacco 41s 9,1 : Rroken Mill South. 135 17s 6,1 : Henry Jones, 39s 9,1 1 Inward Smith. 17s 3,1; James Siedman, 17s 7'd. Later sales were: Railk of New* South Wales. C 35 12s 6.1: Commercial Rank of Sydney. 021 9s : Critnmerc'raV'Rank of Australia. 2Cs 9,1: National BtVnk '(£10 paid). 1315 10s; Coloniak-Sugar,. £l3 7s. 6,1: Associated News. 225” 9(1; ditto (preference). 27s 9,1 : Australian Gas A shares. 1 37 13s 6,1; British' Tobacco. 41s 6,1 ; Toot Ids. 545; Tooliey’s. 33 3d ; Chi'llon Rrewery. si-s 6d :G.J. t oles. 7os : Sargent’s. 255: New South Wales Fresh Food Company, las IC, 1: Siedman. Its; Australian Glass. 82s 9,1; Dmilop-l’er-,l,-jai, 'lds 11,1- Wileox-Mofflin. 11s 6d : Greater J. D. Williams. Ss: Millaquin Sugar. 37s 9,1; Henry Jones, 39s 9d: Fleet rot vi ic Zinc', 37s 9,1 : ditto (preference). 43s 6d: Sfiiudafd..Cement. 22s 9,1; General Industries, 1 2fs 6d ; Amalgamate,| Textiles. ICs 511 R Commonwealth Wool, 20s: Kandos Cement. 245; United Provisions. 13s 10,1 : Gordon and Goteli. 47s 6,1; I.oloma. 20s Tavnn, 3s sd. . , Melbourne sales wore: -Commercial Rank of Australia. 2Cs 9,1: National Rank (£5 paid). £7 15s 6,1 : Herald and Times. 64s 9d ; Mount Lyell, 24s 6d; Loloum. 29s 3,1: Gohlsbvough-Mort, 335; Mount. .Morgan. 16s* 2,1.
MINING NEWS
YIELDS OF COMPANIES
Paddy’s Point (Central Otago).—44oz. for four weeks and five days sluicing Moonlight Goldfields (West Coast) -
260/. for P 0 hours. Addison's Flat (West toast), l'oitnight ended March 3: , 7 90/„ Ddwl. for 38 shifts.
Stafford Dredging (West Coast).— Week ended February 28. 28oz. 5,1 w(. for 12.079 cubic yards. Elackwater (Reefton) returns for lehruarv. with Januarv ligtives in patctit bases: -Crushed 3435 (3040) tons. Yielding 1484 (1505) line gold, valued at 14Cs 6,1 (140 s 6,1) a fine 0r... j)10 4 : 3 '£9164): working costs (£5594 (£5617) : working prolit £4829 (£3547/: development, expenditure £163 (£253): capital expenditure £1234 (£830). Mntaki (Mureliison).- 340/.. lor 135
hours. Okarilo (South Wcslland).--Last week, 130/. 4dwl. for 105, houvs.
GOODYEAR TYRE COMPANY HEAVY FALL IN PROFITS A heave fall in prolils is disclosed in Ihi' Mci'ounls of the Goodyear 1 vie ami Rubber Company (Auslvalia). Limited. Svdiiev. for lire year ended I leeoinhc) 31. The net earnings were 1366.7.51. com paced with £235.001 in Ibe previous year and .(JIT in 1933. I'refereuce dividend ol H I>< i cenl requires .COG. and ordinary dividend of 11 per cent, coin pared with 12 per cent for 1934. retmires, mi the increased eapdal, 1.60.0 CC. A trains! £254.776 1: ronj.li t forward. IL 7 '?.5/7 is carried forward. The directors stale that life cm’ieney value of business, set'll red by the. company in 1935 compared favourably with that for 1934. but that net ■.profits were
adversely affected hv the increased cost of raw materials, mainly crude rubber. The average price of crude rubber bought during 1935 yas per cent above that bought during 1934.
BUTTER MARKET WEAK
FURTHER FALL OF 2/-
A further fall of 2s per ewt. in the price of New Zealand I,utter in London is announced to-day. bringing the quotation, down to 84s per ewt., or equal to 9Jtl per lb., f.0.1i. r l his is the lowest, level since the beginning of June last, when a rapid rise was commencing.' Messrs. Joseph Nathan and Company report to-day ns follows: The butter market is weak at ,845.”
LONDON LAMB VALUES
N.Z. PARITY COMPARED
Although lamb values at Southfield have been declining) recently, buying rates in New Zealand have been increasin.r This lias’ resulted from increased values of skins and by products, and within a month the New Zealand pautv lias risen in such a manner, that a lamb at. 8d per lb at Smithfield is worth 9,1 per lb in New Zealand. The New Zealand Meat Producers Eourd supplies the following table, giving equivalent New Zealand parities af tor deducting ail costs, including selling commission, interest and one month s storage in London. The costing is calculated from the point of view of a farmer shipping on his own account, It is based on 'to-dav's estimated skin values and includes exchange at current rates. The basis of calculation is a prime woolly lamb weighing say. 3416 delivered at'the freezing works :—' N.Z. parity Smith at works . field 12/2 36 9/3/36 ,i d d 8,1 ... 8.83 9(00 73 8.53 8.70 7? ::: 3.2-, 8.40 7? " 7.94 8.10 7“ ... 7.64 7.78 In 1 lie abovi- estimate the cost of killing. freezing arid placing on board steamer is based oil a charge of .5-M per Hi. ■
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19360311.2.16
Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 18961, 11 March 1936, Page 3
Word Count
802COMMERCIAL Poverty Bay Herald, Volume LXIII, Issue 18961, 11 March 1936, Page 3
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in