COMMERCIAL

Poverty Bay Herald, Volume LXVI, Issue 19882, 8 March 1939, Page 8

COMMERCIAL

AUSTRALIAN EXCHANGES

INDUSTRIALS IMPROYI

(Eli>c. Ti 4. Copyright—United Press Assn.) SYDNEY, March 6.

Medium-priced industrials hardened on the Sydney Stock Exchange to-day. Barriers also moved up, and gold shares were steady.

Sales included: —Electrolytic Zinc, £2 6s; Zinc Corporation, £4 13s; W. R. Carpenter, £2 3s; Goldsbrough Mort, £1 9s; Mark Foy, 18s; Farmers, £1 8s 3d; David Jones, £1 14s 6d; Anthony Hordern, 14s 7d; Sulphide Corporation, pref., £1 0s 4id; Commercial Bank of Australia, N.Z. delivery, 16s; Commercial Bank of Sydney, £1 0s sd; General Industries, 18s 3d; Tooths, £2 13s lOJcl; Monts ' Dock, 14s 4d; Henry Jones, £2 9s; Colonial Sugar, £46 15s; MLLlaquin Sugar, £1 18s 3d; Rawang Tin, 7s 2d; Arahura Gold, £L 7s 6cl: Drug Houses, £1 2s 4d; Woolworths Limited, £1 2s; W. Adams, 15s; Taubmans, £2 16s; Felt and Textiles, £1 11s 6d; Adelaide Steam, £1 12s; Howard Smith, £1; British Tobacco, £2 8s 3d; Dunlop, £1 0s 9d; Associated News, pref., £1 3s; Broken Ilil'l Proprietary, £2 10s; ditto, contiv, £2 4s; Broken Hill South, £1 6s lOid; North Broken Hill, £2 5s 9d; Mt. Morgan, 11s 2d. Morning sales included:—'Commonwealth bonds, 3 per cent, 1948, £94 2s 0d: 3g per cent, 1949, £96 18s 9d; 3i‘d per cent. 1951, £99 17s Gd; .33 per gent, 1954, £9B 17s Gd; 3-J- per cent, 1954, £IOO 17s 6d' 4 per cent, 1041, £lOl 16s 3d; British Tobacco, 48s 3d; Broken Hilll Proprietary, 565; ditto, contributing. 445: Cash Orders Amalgamated, 15s Gd: Goldsbrough Mort, 295. On the Melbourne Stock Exchange to-day sales included: —Commercial Bank of Australia, 15s lid; Argus, pref., 11s 6d; North Broken Hill, £2 5s 3d; British Tobacco, £2 8s; Emperor, 8s 10d; Loloma, £1 Is 3d.

FELT AND TEXTILES

INTERIM DIVIDEND 10%

Fell and Textiles of Australia, Limited, advise that the directors have decided to pay a half-yearly dividend at the rate of 6 per cent per annum on the 40.000 6 per cent preference shares, such dividend to be paid on April 1. The directors have also decided to pay an interim dividend on ordinary shares for the half-year ended December 31, 1938, at the rate of 10 per cent per annum. This dividend is payable on March 31. As 50 per rent of the ordinary dividend has been declared out of exAustraliian sources it is therefore exempt from tax under the Commonwealth Income Tax Assessment Act and the State Income Tax (Management or Assessment) Acts.

DEMAND FOR RYEGRASS

MARKET CONTINUES FIRM

The demand for ryegrass seed in Gisborne continues firm to a steady inquiry. Stocks of permanent pasture seed have been cleared, and the quotation of Iss (id a bushel for that grade is purely nominal. Mother seed remains at 16s 6d to 17s and commercial seed, of which practically none is available yet, is still nominally at 14s 6d to 15s. White clover seed is quietly firm, but the demand is not great. Prices for uncertified seed range from 135 s to 160 s per cwt. Machine dressed certified seed is quoted at Is 8d and Is 9d ipor Ib, with mother seed up to 2s and pedigree seed at 2s 3d. Very little certified and pedigree seed is available in Gisborne.

NORTHERN PRODUCE RATES

PRICES REMAIN FIRM

Prices of Pukekohe products have remained practically constant since last week with business steady.

Table onions are still at 15/6 a cwt., pickling onions at 16/- and 16/6, potatoes at 10/- and pumpkins at 8/6. Carrots remain at 7/6 a sugar bag, parsnips at 9/6, and beetroot at 5/-, and quotations for rhubarb continue at 4/6 a dozen bundles; for marrows at 4/6 a dozen, for tomatoes 5/6 an 18 lb. case, and for Gravenstein dessert