COMPANY NEWS

Southland Times, Issue 24109, 24 April 1940, Page 3

COMPANY NEWS

KAITANGATA COAL COMPANY DIVIDEND OF 2/6 A SHARE RECOMMENDED (Special to The Times) DUNEDIN, April 23. The report which is to be presented at the annual meeting of the Kaitangata Coal Company, states that the results of the operations for the year has been most gratifying. The mine continues to produce first-class coal and supplies in sight would be ample for some years to come. The company’s coal commands a ready market and confidence was felt that the trade could be maintained. After provision for depreciation, income tax and Social Security tax, there remained a balance in the profit and loss appropriation account of £B6BO and the directors recommend that this should be applied by the paying of a dividend of 2/6 a share (absorbing £7693) and by carrying £717 forward. BRADFORD TOPS (Received April 23, 6.30 p.m.) LONDON, April 22. Bradford states that the loss of the Scandinavian markets is resulting in a temporary shortage of work for some spinners and has also reduced the output of yarns. Prices are unchanged. The wool control is granting facilities for the increased export of noils. There is also a well-maintained export trade in Merino tops. The output of crossbred sorts is readily absorbed.

MINING QUOTATIONS IN LONDON (Received April 22, 7.30 p.m.) LONDON, April 22. Quotations on the London Stock Exchange include:— d Clutha— Buyers 74 Sellers 9 Molyneux— Buyers 1J Sellers 44 STOCK INDICES (Received April 23, 6.30 p.m.) LONDON, April 22. Stock Indices Compiled by The Financial

FOREIGN EXCHANGES (Received April 23, 6.30 p.m.) LONDON, April 22. New York, dollar to £1 4.03 Paris, franc to £1 176% Montreal, dollar to £1 4.45 Amsterdam, florins to £1 75.55 Switzerland, franc to £1 17.90 Stockholm, kroner to £1 16.90 Athens, drachmae to £1 540 Lisbon, escudo to £1 16.80 Kobe, pence to yen 13 63-64 H - 'g Kong, pence to dollar 12 29-32 Shanghai, pence to dollar 4% Brussels, belgas to £1 23.925 Rome, lire to £1 24.175 Tokyo, pence to yen 20.37 Copenhagen, kroner to £1 18.56 Milan, lire to £1 69.25 Oslo, kroner to £1 17.70 Argentine, pesos to £1 17.175

THE METAL MARKET (Received April 23, 6.30 p.m.) LONDON. April 22. Metals are quoted as follows on the London market: — Silver. —Standard 21 lid an ounce, fine 22 15-64 d. Tin.—Spot, £252/15/- buyers, £253 sellers; forward, £247 buyers, £247/5/- sellers. Pig Iron. —£5/11/- a ton. Antimony.—British £lO6 to £lO7, foreign £B2 to £B7. Molybdenite.—4s/6 to 47/6 a unit (nominal). Wolfram.—so/6 to 60/6 (nominal).

Times October 15, 1926 — 100 Govt. Securities Home IndusRails trials Gold mines March 28 108.2 55.4 97.5 194.7 March 29 108.3 55.4 97.9 195.4 Ma r ch 19 108.6 53.9 97.5 192.5 March 20 108.3 54.4 97.5 192. b March 26 108.3 54.9 98.0 193.1 March 27 108.1 55.2 97.5 193.8 April 3 108.6 56.2 99.2 196,6 April 4 108.7 55.8 98.5 196.5 April 5 108.9 56.1 99.0 197.2 April 8 108.8 56.1 99.1 198.5 April 9 108.2 55.3 97.9 195.3 April 10 107.8 54.6 97.0 193.6 April 11 108.3 55.3 98.1 197.1 April 12 108.2 54.7 97.6 195.1 April 15 108.2 54.6 97.7 196.4 April 17 108.2 54.8 97.5 195.1 April 18 108.3 53.6 97.1 193.6 April 19 108.5 53.5 96.8 193.6 April 22 108.7 53.5 96.5 192.5 NEW YORK Dow Jones Averages 1926 _ 100 Sales 20 Rail30 Indus1000 roads. trials. shares. March 26 29.98 145.86 620 March 27 30.55 147.25 1020 March 29 30.66 147.54 840 April 1 30.73 147.72 750 April 2 30.59 147.92 830 April 3 31.32 149.65 1730 April 4 31.86 150.41 1990 April 5 31.82' 150.36 1260 April 8 31.96 151.29 1260 Ap-il 10 31.20 149.59 1290 April 11 31.28 149.98 890 April 15 30.98 149.72 1260 April 17 30.59 148.35 900 April 18 30.30 147.15 1210 April 19 30.37 146.80 1150 April 22 30.63 148.01 870