COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19123, 18 September 1936, Page 3

COMMERCIAL

A FIRM TONE

AUSTRALIAN SHAREMARKETS

SYDNEY’, Sept, lbDn the Stock Exchange proiit-takiug to-day caused a slight reaction in prices here and there, but the tone of the market was firm. ~T , Sales: Bank ol New South Wales, Loo ss; National Lank, £5 paid, £7 2s Gd; Queensland National think, Ho os; United Insurance, £lO 13s. _ Associated News. 22s 9d : British tobacco, 43s 3d; Tooths, 56s 9d; Queensland Brewery, 24s 3d ; Australian Class, 955; Winelieombe Carson. 34s Gd; Henry Jones, 42s 9d ; Electrolytic Zinc, 43s Gd; Cash Orders, 22s 9d; Steelman, 18s 3d; Mark Foy. 33s 3d ; Kandos, 22s 3d. Mt. Lyell, 29s 7Ad- Kuala- Kampar, •14s 3d ; Emperor, 15s 9d. .Morning sales included: Commonwealth bonds, 3jl per cent, 1949, £95 10s; 4 „or cent, 1938, £lO2 lls 3d ; 1941, £lO2 5s : 1944, £lO3 ss; 1950’, £lOl 12s Gd; 1955. £lOl 2s Gd ; 1957 s £lOl 12s Gd; 1961, £IOO 1.2 s Gd : Hank of New South Wales, £33 ss; Anthony Hordern. 19s 3,1. Associated News, 22s 7MI: British Tobacco, • 43s 3d; Broken Hill I’roprietary. 78s 3d. and, new, 58s; ( olouial Sugar, £43 7s Gd; Dmdop-Purdriau Rubber, 18s 3d ; Electrolytic Zinc. 43s Gd ; fl. J. Coles, 83s; .Mark Foy, 33s 3d; Woolwurlli, second prof., 25s 9d. MELBOIJivNE, Sept. 16.

A linn lone was maintained for indus (rials with Hurriers slightly easier and goMAnining steady. Sales: National Hank, £5 paid, £7 4s; British Tobacco. 43s lid; Cl. J. Coles, 82s Gd ; Australian Iron and Steel, pref., 26s Gd ; Australian Class, 955; Coldsbrough’Mori, 34s 9d ; Electrolytic Zinc, 43s 3d; prof., 455; Victoria Nyan/.a, 13s. ML Morgan, 12s 9d ; Broken Hill Proprietary, 70s; South Brokons, £6 7s 6d ; Emperor, 15s lOd; Loloirm, 24s 3d; Yarra Falls, 41s; Gordon and Coleh, 51s; Myers, 35s 9d; Silvcrlou Trams, 37s Gd.' GOLD STILL FALLING LOWEST PRICE OF YEAR LONDON, Sept. 15. Fine gold is quoted to-day at £6 17s 4d an ounce (the lowest price this year), compared with £6 17s 5d yesterday.

Silver is quoted at 19 7-lGd an ounce spot and forward,- compared with 19 5-Kid both positions yesterday. The quotation for silver at per tine ounce is 21d, same as yesterday. PUKEMIRO COAL DIVIDEND OF G PEE CENT A net profit of £6445, after reserving £3850 for income tax and providing £2591 for depreciation, is shown in the 26t.1i accounts of Pukcmiro Collieries, Limited, for the year ended August 31. This compares vit’ll a net profit, of £8865 last,' year, after providing £5450 for income' tux and £IBOO for depreciation., and a. loss of £5025 in 1934. The _ directors recommend a final dividend of 31 per cent, making 0 per cent lor the year, an unchanged rate. The amount at credit of the appropriation a.coeunt at the end of last year was £36.311. Of this, £35,000 has been transferred to general reserve. _ The balance of undivided profits is £l3ll, making £7766 available. The year’s dividend absorbs £6OOO, leaving £1756 to bo carried forward. INVINCIBLE BUILDING CHRISTCHURCH FIRM’S YEAR The report of the Invincible Pudding Society, Christchurch (Permanent), for (he year ended July 31, shows a. profit of £1272, compared with £875 for the previous period. The capital increased from £16,940 to £26,000. by tlm allocation of 1812 shares of £5 each. Profits, to<rel her with the balance brought forward, make, a total of £1527. From this is to be deducted a dividend of 5 per cent, unchanged. amounting to £1193; also £l2O. which was the cost of .obtaining £9060 of new capital, leaving £213 to be carried forward. WHEAT FOR U.S.A. IMPORTATIONS REQUIRED (Ter Press Association.) WASHINGTON, Sept. 17. It is reported that the United States ,Agricultural and Commerce Department’s estimates indicate that the nation must import about 42,000,000 bushels of wheat, which is four times more than in any year previous ' to 1034.

HASTINGS STOCK SALE LITTLE CHANGE IN VALUES Values for cattle were little changed from last, week at the Hastings stock sale on Wednesday. Store sheep values were firmer for quality, sorts, but fat sheep were easier. . Store sheep were in short suppij, and a definite advance was noticed foi quality lines, wether hoggets, shorn as lambs, reaching 27s 6d, the highest price of the season. 'Woolly ewe hoggets reached 28s Id. Very few pens of owes and lambs at foot came forward, the best price was 19s 2d. Fat owes generally were 2s a head easier, the best making 33s 2d. Medium hcavv made 27s 9d to 30s. Exceptional wethers realised 37s 9d and unfinished 28s 9d. . Several well-bred station lines of store eattlc were offered and good grown bullocks realised £9 10s. Three-year steers made £8 15s. The yearlings generally were small, the rates being below owner’s valines. Store sheep were in short supply, wether hoggets predominating. An outstanding entrv shorn as lambs brought 27s 6d, the highest price of the season. There' was a. largo yarding of fat cattle. Best ox beef was slightly lighter than last'week. Top Tines made to £l3 10s, and medium heavy £lO 15s to £ll 15s. A large percentage of cows were medium and plain sorts. Best heavy prime made from £8 to £9; medium, £7 to £7 15s, Jleltcrs were in short supply, the best making £9.