COMMERCIAL

Poverty Bay Herald, Volume LXV, Issue 19808, 9 December 1938, Page 8

COMMERCIAL

GENERALLY QUIET AUSTRALIAN EXCHANGES MORT’S DOCK ADVANCE (Elec. Tel. Copyright—United Press Assn.) SYDNEY, Dec. 7. The Sydney Stock Exchange to-day was steady and quiet. The inquiry for Mori's Dock shares was maintained to-day and the price has now risen lid in two days. Sales included: Bank of N.S.W., £3O; Commercial Banking Company of Sydney, £2O ss; Union Bank, £8 12s; Howard Smith, 18s 9cl; British Tobacco, £2 8s; Tooths, £2 13s 3d; Tooheys, £1 10s Gd; Australian Glass, £5 2s; Morfs Dbck, 13s 2d; do., N.Z. delivery, 13s 2d; Australian General Insurance, 17s; C. Neon, £1 12s; Associated News, prof., £1 3s; Sydney Ferries, 0s 3d; Masonite, 18s Gd; Wool worths, £1 Os 9d; Newbold Brick, £1 9s; Goldsbrough Mort, £1 8s; Henry Jones, £2 8s 3d; Mount Morgan, 9s Gd; Raw ang Tin, 7s 9d; Placer Development, £3 15s; Oil Search, 6s 3d. On the Melbourne Exchange Australian Glass were firmer to-day, but other market leaders drifted with a light turnover. Sales included; Commercial Bank of Australia, 15s lOd; National Bank, £5 paid, £6 10s; Cox Bros., 11s Gd; G. J. Coles, £3 19s; Australian Glass, £5 2s; Dunlop Perdriau, £1 Os 3d; Goldsbrough Mort, £1 8s: Herald and Weekly Times, £2 17s Gd; Imperial Chemicals, pref., £1 2s lid; Mount Lyell, £1 8 S Gd; Broken Hill Proprietary, £2 15s 9d; North Broken Hill, £2 7s 9d: Broken Hill South, £1 8s 3d; Emperor, 9s 9d; Loloma, £1 2s 3d.

10 PER CENT UNSOLD

WOOL AT WELLINGTON About 10 per cent of the wool offered at the Wellington sale on Wednesday was passed in under the hammer.

The following table gives a comparison of the prices realised for the Branscombe clip of Dr. C. P. Knight, Pongaroa, at the December sales for

LOWER PROFIT TATTERSFIELD ELY! ITEU Because of increased operating costs and taxation the net profit, of Tattersfield Limited, Auckland, for the year ended September 19 shows a substantial decline. Earnings fell from the record level of £18,145 in the previous year to £3123. The dividend has been reduced to 5 per cent per annum, the rate in the previous year being 8 per cent, with a jubilee bonus of 2 per cent. The profit is struck after making the usual provisions for depreciation and land and income tax and transferring £6OO to insurance fund reserve. The • sum of £250 has been added to the general reserve, which now stands at £16.000. The dividend absorbs £2750, leaving £1442 to be carried forward, against £55G9 in the previous year, the amount brought in this year, however, being shown as only £1069. ,

the years shown:1936 1937 1938 d d d A AH 22 133 12* AH 21 12} 11} BH 153 12 101 AAE 193 12 111 AE 153 111 11 AW 16 n\+ 11} AD, E and W 15!, 101 101 BE 15 103 103 BW 16', 101 li CE 16 10.1 10} E neclcs . 14! 103 ii}