COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19044, 18 June 1936, Page 12

COMMERCIAL

QUIET, BUT STRONG

AUSTRALIAN SHARE MARKETS SYDNEY, June 16. To-day's share market, was rather quiet, but strong. Fairymead Sugar scored a good gam. Sales : bank of New South Wales, £33 ss; Union Bank, £9 16s; Colonial Sugar, £43 2s 6d ; Mercantile Mutual Insurance, 325; Associated News, 225; Adelaide Steam. 30s 4id. Howard Smith, Ws British Tobacco, 41s 3d; Tooths, 53s 3d; ioulieys. 31s 0d; G. .1. Coles, 80s 6d ; Australian Iron and Steel, pref., 365. Australian Glass, 92s 6d; DimlopPerdriau, 17s 10id; Morris Jledsirom, 25s 10£d'; Henry Jones, 41s I£d ; Fairymead Sugar, 47s 6d; Electrolytic Zinc. 40s 3d; Anthony Honlern, 18s 9d, Fanners, 31s 3d; Lustre, 25s 10£d. General Industries, 19s 6d; Mauri Brothers, 60s; Claude Neon, 5,0 s 3d; Richardson and Wrench, 30s 3d; Mark Foy, 27s 3d ; B. Fowler, 13s Sd ; Meggitts, 275; Sargcnts, 26s 3d. United Provisions, 14s 3d; Peters (Victoria), con.. 8s 9d ; John McGrath, 34s 6d: Yarra Falls, 40s 6d.

Mount Morgan, 15s 9d; Broken Hill Proprietary, 72s 3d ; new issue, 50s 3d : South Broken Hill, £5 10s 6d; North Broken Hill, £8 6s; Lady Shenton, 4s 3d; Loloma, 18s 3d. Woolwoi'ths, ordinary, buyer, £5 13s 6d; seller, £5 14s 6d; Woolwoi'ths (West Australia), buyer, £5 2s 6d: Woohvorths (New Zealand), buyer, £9 ss.

Morning sales included : Commonwealth bonds, 3| per cent, 1949, £94 7s 6d; 4 per cent, 1938. £lOl Is 3d; 1944. £102; 1955, £ICO 17s 6d ; 1957, £lOl 2s

6d; 1961. £lOl 17s 6d; Tooth's Brewery, 53s 3d : Tooliey's Brewery, 31s 9d; Associated News, pref., 22s 6(1; British Tobacco, 41s 3d ; Broken Hill Proprietary, 73s od ; Fairymead Sugar, 47s 6d : i-i.'j. Coles, 80s 9d; James Stedman. 19s 4£d. MELBOURNE, June 16.

Sales on the Melbourne Stock" Evehango to-day included : Commercial .Bank of Australia, pref.. £9 3s; Union Hank. £9 15s; Goldsbrough Mori. 325; \inalsfomatfid Zinc. 8s 6(1; Howard >.miih, ISs 3d: Australian Glass. 93s 6d; Metropolitan Gas. £l4 2s: Mount Lyell, "4s 6d; Mount Morgan. 15s 9d ; I.oloma, •8s 4d ; Emperor, 13s 2d.

BOOTS PURE DRUG NET PROFITS HIGHER The directors of Boots Pure Drug Company, Limited, Nottingham, announce ' thai. net,, profits for the year ended March 31 amounted to £770.889. against £750.037 for (he preceding year, in addition to the interim dividends amounting to 24 per cent, less tax, a bonus of 3d a- share, or 5 per cent, free of tax. was paid to shareholders on May 8. This is the same distribution is paid for the past seven years.

STUD SOUTHDOWN EWES

SHIPMENTS TO AUSTRALIA

Two consignments of stud Southdown '\ves left recently for Melbourne by the vVanganolla, and arrived at their destination in excellent condition.

Included in the shipment was a particularly line line of 100 mixed aged stu.ci Southdown ewes mated with stud South down rams, selected from the well-known Wairarapa. flock of Messrs. A. and J Gray, "The Grange." Masterton, for a Melbourne, buyer. A consignment, also left by the same ship for a Melbourne buyer of 55 mixedaged stud Southdown ewes mated with stud Southdown rams from the prominent Hock of Mr. 11. B. Stuckey, Marrgae;ei, Dnnnevirke,

DUNLOP RUBBER PALL IN EARNINGS Net profits of the Dunlop Bubbev Company, England, for 1935 were C 1,288,244, compared with £1,687,687 in 1934. The dividend on the. ordinary

| stock is maintained at 8 per cent, the ! level to which it was raised for 1933, j although allocations arc smaller. There is no counterpart to last year's i transfer of £250,000 to dividend equal- | isation reserve, while the appropriation ! to reserve for contingencies is again I eiOO.OOO and. to taxation reserve ; £419,761, against £550,060. I It is evident that the higher price of j rubber prevailing in 1934 was one of the

hief causes of the reduction in earnings.

and that so far the company has derived little benefit from the fall in rubber which occurred last year. The company's own plantations provided a very small proportion only of the company's requirements, and by far the greater proportion of its sheet rubber requirements had to he purchased in the market.