COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19128, 24 September 1936, Page 9

COMMERCIAL

AUSTRALIAN SHARES

MARKETS GENERALLY STEADY

SYDNEY, Sept. 2:'

On the .Sydney Stock Exchange today, bank's, breweries and bonds wore quiet but steady. The turnover was well up to the average. Sales: Dank of Now South Wales, £33 ss; Commercial Bank of Australia, LSs (id; Bank of New Zealand, .".0s; Associated News. 23s lid; Automatk Totes, Ills Sid,

Burns, Philp, 725; Australian Gas, A, £7 7s (id: Tooths, 575; Ding Houses,

Australian Glass, 93s fid; Coldsbrough Mori, ::!s 3d; Henry Jones, 42s 0d; Millaquin Sugar, -12 s IfUcl; Amalgamated Wireless, contributing. 41s Od; Australian Drug. 15s !>d; \V. K. Carpenter, lis 3d; Sargetits, 2Ss 0d: Kandos. 225.

Gordon and fiofch, 51s (Id; Austrnlasian. I'aper, .".5s 7-U1; Wunderlich, 23s (id; British Tobacco, Ms. Woolworths, 1.t<1.. buyer, £5 ss; seller. £5 7s lid; Woolworths (Xew Zealand), buyer Otis; seller, £5. Ml. Lyc.ll, 29s 10id; ditto, New Zealand' delivery, 29s lOJct; Broken Hill Proprietary, 7tis (id; new issue, 5Ss; South Broken Dill, £0 3s (id; Emperor, 15s 4-Jd. Morning sales included: —Commonwealth b Is. I per cent, 103 S, £lO2 7s (id; I per cent, 1955, £lO.l. 10s; Hank of Xew South Wales, £33 ss; Australian Gas, A, new, £7 5s (id; British Tobacco, 1 -lis; Broken Hill Proprietary, 70s 3d; Burns, Philp, 725; Dunlop-Perdriau Rubber, 18s 4jd; Electrolytic Zinc, 44s 9d, and pref... •15s (id; General Industries, 19s Od; Coldsbrough Mort 34s 3d; .fames Sledma u, 17s lid. MELBOURNE, Sept. 22.

On the (Melbourne Slock Exchange to-day the markets were generally quiet, Cold shares were easier. Sales: Commercial Bank of Australia. ISs 7d; E.S. and A. Dank, £5 ICs; National .Bank of Ausiralasia,, £lO paid, £1 1 10s; Howard Smith, IDs Id: British Tobacco, 43s Od; Carlton Brewery, (ids Od; G. -L Coles, S3s Od; Drug Houses. .".2s; Australian Class, 93s 3d; Diinlop-Pofdrian LSs Od; Coldsbrough Mort, 345. Electrolytic.2ine, 41s 9d; ditto, pref. •10s; Ml. '.Morgan, 13s 2d; Ml. Lyell, 29s Id.'.d;. Broken Hill Proprietary, 70s 0d; Emperor, 15s Id; L.oloimi, 23s (id. Herald and Times. 70s; Kauri Timber, 21s (id; United Provisions. Hs 3d; Irowat, lis 3d; Hume Pipe, 1?S i.Sd; General Motors, 2-1 s. NORTH BROKEN HILL NEW MILL PROPOSED Further expansion is contemplated by North Broken Hill, Limited, which has announced that it proposes to install n new treatment mill at, its mine at Broken Hill. New South Wales. The capacity of the new plant has not been disclosed, but it is understood that it will be. in excess of that of the plant at present, in operation. The existing plant has a capacity of from 35.000 to 40,000 tons a. month. Sections of it. it, is staled, will be incorporated in the design of the, new plant. North Broken Hill is one of the most important companies of the. Barrier group, interest in which has neon greatly stimulated over the last few months by tlm firmer market, ruling for base mefcls. of which lead is the chief product of the company. Recently North Broken. Hill announced its intention of paying a quarterly dividend, and a bonus of 5s a ■share this month, being at the rale oi IC9 per cent per annum on capital. Distributions in the last financial year were 77!, per cent, absorbing L"G42,000.

DIVIDEND RAISED

•GRIFFIN AND SONS' PROFIT

The directors of Griffin and Soua, Limited, Nelson, in their forty-first annual report, announce a further improvement for the year ended June 30. 1936.

After writing off depreciation amounting to £1297," ami bringing forward a, small balance of £5 2s 7<l from the previous year, the profit to ho dealt with is £2361 (compared with £1278 last year). The directors recommended payment of a dividend of 5 per cent (against 3| per cent last year), amounting to £1697, and that the balance of £664 he cmed forward. SYDNEY WOOL SALE STRONGER DEMAND SYDNEY, Sept. 23. At the wool sales 11,570 bales were offered and 97(52 sold, also 1429 privately. There was a stronger demand for all better descriptions oil iieeco and skirtings, while prices for average and faulty sorts showed some recover*'. Greasy merino mudo to 21.H1.' WAIROA DAIRY CO. PAY-OUT ON 1/- BASIS (Herald Correspondent.) The latest, pay-out of the YYaiioa Dairy Company 'totalled £2953, on. the basis of Is per lb. for finest. 'This is the first, payment by the company i.nder the guarantee J price for bntterfrt. HIGH-PRICED N.Z. SHEEP SALE IN THE ARGENTINE Following (lie international exhibition at Palermo, where New Zealand' sheep won soon' of the highcpl honours, the two New Zealand-bred Corriedale rams from tho Hushcy. Park estate, which won thj» grand championship serve, sold at an average price of £ 7 il2. The eight ewes forwarded from the same st'ud averaged £6O apiece. These sheep weie. selected and shipped l>V Messrs. Wright, Stephenson and Company's stud stock department. Another valuable consignment of stud sheep has just I u shipped to -South America. The buyer was Mr. A. <<• Ross, manager of the L.iguna lJlnnt.li Kslancia, Magallanes, Chile, and he has taken back with him tho largest and most valuable consignment of stud sheep taken by any one individual for several years. 'llis 51 Corriedalos were secured from Canterbury and Otflgo breeders, and the five Itomncys from Vynirarapa. The t'orriedales were drawn from: Mr. William Anderson. Eskdnlfl, Woian, seven ram hoggAts, two ouc-atiear rams

and pne two-shear ram; Mr. Hugh Elisor, ilakaburi, Rangiora, seven ram hoggets and two one-shear rams; estate of the lato Mr. J. A. Johnstone, JJushey Park, Palmerston South, four ram hoggets, one one-shear ram and one twoshear ram ; New Zealand aud Australian Land Company, Mocraki, Otago, live ram hoggets; estate of the. late. Ml". H. T. Little. Bui Hui, Hawarden, three ram hoggets; Mr. D. Sidoy, Clenovis, Hawarden, two ram hoggets; Mr. Aleoc. Macintosh, White Pock Mains. Rangiora, one. ram hogget, and six ewe hoggets; Mr. 0. T. Evans, Tnrnna, Ilawarden, one ram hogget and six ewe hoggets; Canterbury Agricultural College. Lincoln, one. ram hogget; Mr. 1.. Ivcrnch. Waian. one one-shear rain. The Romneys comprised one one-shear rnm and two ram hoggets from Mr. Quentin Donald. Alloa, ' Fealherslon. and two rnm hoggets from Sin William Pony. Penrose, Masterton.