COMMERCIAL

Poverty Bay Herald, Volume LXIV, Issue 19455, 14 October 1937, Page 11

COMMERCIAL

FURTHER WEAKNESS AUSTRALIAN EXCHANGES (Elcjc. Tel. Copyright —United Press Assn .> SYDNEY. Oct. 13. Mt. Lyells and Electrolytic Zinc issues eased again to-day on the .Stock Exchange. Gold and tin issues were considerably weaker, but front rank industrials held their ground fairly well. Sales to-day were as follows: Bank of New South Wales, £33; Commercial Bank of Sydney, £2l Is; Queensland National Bank, £5 3s; Bank of New Zealand, £2 4s; Colonial Sugar, £47 ss; United Insurance, £lO 3s; Associated News, £1 2s 9d, pref. £1 4s; Huddart, Parker, £2 2s 6d; British Tobacco, £2 7s 9d; Tooths, £2 15s; Dunlop-Perdriau, £1 2s; General .ndustries, 19s 3d, pref. £1 4s 6d; Mort’s Dock, 11s Id; Permanent Trustee, 18s 6d; Felt and Textiles, £2; Mauri Bros., £3 8s; W. H. Soul, £4 9s, Mark Foy, £1 3s 6d; United Provisions, £7 7s: Goldsbrough, £1 13s 3d; I Henry Jones, £2 9s; Fairymead Sugar. Cl 12s; Newcastle Gas, C, Us lid; Producers and General, 10s 6d; Uackshails, 14s 6d; Wireless Conti., N.Z. delivery, £2 13s; Standard Cement. 17s 6d; Electrolytic Zinc, £2 11s 3d: Mount Morgan, 9s 6d; Mount Lycll, £1 17s 7 A cl; Broken Hill Proprietary, new. 13s sd; North Broken Hill, £2 18s Gd: South Broken Hill, £1 13s 9d; Kuala Kampar, 19s; Larut, 16s Gd; Placer Development, £3 Us: Emperor, 11s 7d The unsettled nature of the advices from the London share market induced further weaknesses on the Melbourne Exchange, especially in the Barrier group, which was marked down sharply. Sales to-day were a; follows: Commercial Bank of Australia, 17s 4d; National Bank, £5 paid £7 2s Gd; British Tobacco, £2 7s Gd - o les £4 11s; Drug Houses, £1 Gs-3d Australian Glass, £4 Us 3d: DunlopPerdriau, £1 Is 10d; Goldsbrough £ '3s 3d; I-lumc Pipe, £1 0s 2d, Ten ,nd Textiles, £2 0s Gd; Melbourne Electric Stock, 19s Gd: Australian °apcr Manufactures, 10s paid, 13s 10d -ox Bros 17s 8d; Mount Morgan is 8d; Mount Lycll, £1 17s 9d: Broken -Till Proprietary, £3 15s 9d: North Broken Hill, £2 17s 9d: South Broken Hill, £1 18s 3d; Emperor, Us id Loloma, 18s 9d.

SYDNEY WOOL SALES YORKSHIRE AND EUROPE JAPANESE BIDDING SYDNEY, Oct. 13. At the wool sales to-day, 12,204 bales were offered, and 10,323 were sold. There were 1322 bales Sold piivately. The market was without change. The Continent and Yorkshire gave strong support, and the Japanese help was useful. The top price was 24.1 d-

DAVID JONES, LIMITED HIGHER NET PROFIT The accounts of David Jones, Limited retailers, Sydney, for the year ended July 31, show a net profit of £165,049, against £146,150 in the previous year. Ordinary dividend is unchanged at 10 per cent, requiring £64,164. Dividends on the 6 per cent and 7A per cent preference shares together require £27,750. Results at the balancing date of the issue of new capital are seen in an increase in capital of £109,933,and share premium reserve of £99,933. Rapid progress with the new building has been made, and at the date of the accounts £441,949 in all had been spent on the property. Finance of the venture has been provided for by the increased capital and by mortgage loans of £350,000.