COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19056, 2 July 1936, Page 8

COMMERCIAL

STRONG- MARKETS AUSTRALIAN SHARE PRICES SYDNEY, June JO. On tin* Sydney Stock Exchange to-day renewed confidence was displayed by investors. There, was active dealing mG. J. Coles. Government securities tended to strengthen, but bank and pastoral shares were quiet. , Sales: Bank of New South Wales, £33 lCs; Colonial Sugar, £42 35s j Howard Smith, 19s 4d ; Huddart Parker, 37s 6d : Tooths, 545. G. J. Coles, 87s; Queensland Brewery, 28s 6d • Australian Class, 90s - DunlopPerdriau, 17s 9d; Greater J. I). Williams, 8s sd. Anthony Hordern, 19s; ditto, pref., 235; General Industries, 20s; Australian Gypsum, 19s 7’d; Claude Neon, 50s; Cash Orders, 28s 9d; Stedman, 19s. liiune Pipe, 20s 6d: W. B, Carpenter, 435 ; Sargents, 27s 3d; Australia Hotel, 27s 9d. ", .Mount Morgan, 15s l^d.; Broken Hill Proprietarv, 73s 9d; ditto, new issue, 55s 3d: South Broken Hill, £5 11s 6d; North Broken Hill, £8 12s 6d; Zinc Corporation, 80s 3d; Rawang I in, 8s 10d; Placer Development, £5 14s; Koroere, 4s 6d. , Wool worths, Ltd., ordinary, buyer £5 19s, seller £6.

Morning sales included: Cominonwenlth bonds, 4 per cent, 1938, £IOO 15s; Associated News, pref., 22s- lOJd; Australian Class, 29s 9d; Broken Hill Proprietary. 73s 6d; Dunlop-Perdviau Rubber, 17s 7J,d; General Industries, 20s. and pref. 2:>s 9d; G. Coles, 86s ; Howard Smith. 19s 3d; Lustre, 255. MELBOURNE, June 30.

On the. Mclbdul-ne Stock Exchange to-day Commonwealth bonds were steady. Leading industrials _ were, in demand, and a better tone in mining issues was maintained. Sales: Commercial Bank of Australia, 19s sd; .National Bank of Australasia, £lO paid. £l4 8s; Howard Smith, 19s Ed; G. J. Coles, 86s 9d; Australian Class, ex div., 90s 6d; Dunlop-Pcvdi'iau, 17s 10J ; Electrolytic Zinc, pref., 41s 6d; Mount Morgan, 15s 2d; Broken It'll Proprietary, 73s 6d; South Broken Ilili, £5 14s; North Broken Hill, £8 13s 6d; Emperor, 13s 2d ; Loloma, 19s 4d.

BRITISH THREAD COMBINE COATS’ PROFITS LOWER Profits of J. and P. Coats, Limited, the British thread combine, for 1935, were reduced by £456,987 to £2,006,340, which is the smallest total since 1930. The lower results are taken as an indication of continued severe restrictions on international trading. The directors are placing £250,000, against £IOO,OOO, to exchange differences reserve, and the bonus of per cent, which has accompanied the ordinary, dividend of 10 per cent, in the past two years, is omitted.

HASTINGS STOCK SALE FURTHER RISE IN BEEF The upward tendency for fat cattle at the Hastings stock stjJe last week was continued yesterday, when a small yarding of 135 was offered. Yesterday’s increase was about £1 a head. Bullocks sold to £ll 17s Gd, heifers to £8 10s, and cows to £7 13s Gd. The store sheep offering comprised 7000 head, mainly ewes in lamb to Southdown rams. A pen of 3Go G-year, early lumbers, sold at 20s Gd, while 33G 5-vear. also cnrlv. passed at 25s 7d.

LONDON WOOL SALES Messrs. Dalgcly ami Company, Limited. havo received the following advice from London dated June 30:—“'1 he opening dates for the London wool sales for 1937 are: January 12, March 2, April 26. July 6. September Id, and November 16. Owing to the Coronation the third series will open on Monday, April 26.”