COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19131, 28 September 1936, Page 10

COMMERCIAL

GENERALLY QUIET

AUSTRALIAN SHAKE MARKETS

SYDNEY, Sept, 25.

Tiie investment market was on. the qliiet side aim weaker,, Mandated Alluvials slumping 5s 6d, but retail 'tra'ding shares were, steady.

Sales; Commercial Banking Company of Sydney, £l9 15s; Con'unerci'al Bank of Australia, 18s 6d;, Adelaide Steam, 28s tyd; .Howaivl Smith, 195.; Australian Gas, A, £7 8s; Britisb Tobacco, 44s 3d; Drug Houses. 31s Oil. .... Da £9 : CeddsbrnhgU Mort', 34s ; Winehcoiiibe Carson,-- 345. 6d; "Moj-ris Hedstrom, 26s l.Ul : Henry Jones, 42s 6d ; Mi)laqWin Sugar. 42s 9<l; FalVymead Sugar, 36s 3d.

Lustre, ?Lr, 3d - K General, .Industries. 19s 10.|d ; Australian Guarantee Corpora' (ion, 26s 9d; titivk Foy,, 325, ,-. ~ .

Broken Hill Proprietary, 765,6 d; Lady Shenton, 2s 3d; ..Lolom'a. 22s 9d; Mandated Alluvials, 275. Morning sales included: , Commonwen Ith bonds, 3| per cent, 1949, £95 ss; 1942, £lOl 10s ; 1951. £9B 5s ; 4 per cent, 1950, _ £lOl. 10s ; .1955, £lOl, 1.2 s .6d ; Tooth's Brewery, 575; British Tobacco. 4% 3d ; Broken "Hill Proprietary, 76s 6d ; Duriiop-Pcrdriau TJ-übber, l'Bg 9d; Morris Hedstrom, 265.

MELBOURNE:, Sept. .25. Th'o investment market was generally quiet following the holiday. Gold shares were easier, with others about steady.

Drug Houses of Australia dividend is 6 per cent for the year. Sales: Commercial Bank of Australia, 18s 7d; National Bank, £5 paid, £7 2s; ditto, £lO paid, £l4 10s; Adelaide Steam. 28. s 3d; Howard Smith, 19s; Ih'itish Tobacco. 445 ; G. J. Coles, 83s 6d; Drug Houses, 31s 4^l; Dunlop-! I'erdriau, 18s 9d; ditto, prcf., 355;,: Goldsbrough Mort, 33s IC^d. Electrolytic Zinc, 44s 3d; ditto, pref.,, 465; Victoria Nyanza, 12s lOd; Mount Morgan, 13s; Mount Lyell, 29s %&; South B>rokeiL Hill, £6 Is; Zinc Corporation, 81s 9d; Emperor, 15s; Loloma, 23s J id; Upper Watut, 3s. ■Silver! on Trams. 38s; Gordon and Gotch, 51s 6d; .Herald and Weekly Times. 69s 6(1; Hume Pipe, 19s 8d; Myers, 365. CANTERBURY MARKETS POTATOES WEAKER I

The Canterbury potato market has weakened consistently and trade for the past two days has been prnetieally at a standstill with quotations only nominal, states a Christcliurc'h message on Friday. Although prices have been disproportionately high, in Auckland, the arrival there iu the immediate future of adequate supplies should keep that market quiet.

s .Shipments at cheaper rates than the f current f.'o.b. quotation for Lyttelton * liape been made to both Auckland and v Wellington from Dunedin and .Bluff and supplies ,there appear to be plen- , tiful. The Port Fairy is now ioAd-; [ ing and will take between 300 and ; 400 tons for Smith America. No fur-:' flier boat for this quarter has yet been' arranged, but there is a chance that a. finth'er shipment, will be made. '' The wheat "market eontrrrVics .steady; with only lair trade,:but with no iilj teration in prices. Chaff is weak, but • there lias been no further movement! . in prices since the fall at the beginning of thu week. Blenheim quotations h;.ve been lowered,'and'this lias. iiilluM cod the market. The small seeds nmvkot is quiet, and trading is small, but steady. Prices remain unaltered. Some fairly substantial Government orders have been tilled in the past week. J WOOL#6RTHS LIMITED PREFERENCE DIVIDEND (Per Press Association.) WELLINGTON, this day. An interim dividend of £2 lis per cent on the paid-up preference .sharo capital of Woolworths (N.Z.), Limited,, has been declared and will bo payable on October 15. MARTHA MINING CO. INTERIM DIVIDEND PAYABLE Cabled advice, has been received from' London that, the- directors of the Martha , Hold Mining Company (Waihi), Ltd., havo declared an interim dividend of Is a share, free of incomo tax, payable j on November 3. to all shareholders on the register on October 9. The Martha, Gold Mining Company originated iu the liquidation last year of the Waihi company, and the dividend is at the rate the original company had maintained sinco 1921, namely, Zs per shar« of ss, or 40 per cent. The first interim dividend paid by the j Martha company in September, "1935, was 6d a, shave, but this was the eix- ' pected rate, as an extra 6d was added to the final Waihi dividend of Is on the understanding that it was regarded as part of tlio Martha company's interim payment for 1935. dividend of 4 per cent, making 8 per

TOOHEY'S BREWERY INCREASE IN DIVIDEND A profit of £108.619 is. disclosed in the accounts of Tooheys, Ltd., brewers, Sydney, for the year ended Julv 31. Tliis is an increase of £16,068 on the earnings of the previous year.. A final lias been registered in export sales. (Herman exports of wool varns from January to June were 8.348,00311), more than double (lie quantity a year before, nlul exports of woollen fabrics 6.049,C001b. nearly twice the 1935 quantity. Germany is apparently regaining some of her foreign business. ' She has sold larger supplies of woollen textiles to England among other places. Xo doubt exists that if she were able more readily to finance her wool imports from Australia, her purchases in the Commonwealth' would show marked recovery. Direct shipments of wool from Australia to Germany during the past five seasons have" been as follows :

Bales "Dales 1931-32 ... 574.701 1933-34 ... 415,031 1932-33 ... 307.503 1934-35 ... 101.553 1935-36 107.429 bales .Ample scope exists for a regain in exports.

cent for fhe year, is recommended. The distribution requires £96,000. A sum of £36,500 is transferred to reserve and £29,250 is carried forward, as against £52,931 brought.info the accounts. Paid capital is £1,200,000. In 'the previous year the dividend was 7£ per cent. ' The -prospectus of. the Nelson ajnet West., Coast . Hotels. Limited Company has been.,'filed; atJNeTsoii. , The object of the company, is ..theestablishment of a chain, of/firs't^lass,modern hotels in Nelson and the West-Coast, and to'this end the .company proposes to pm-chase the Commercial Hotel,. Nelson, arid Keller's Hotel, Hokitika, and to acquire a controlling interest in Hotel Buffer, Westport.