COMMERCIAL

Timaru Herald, Volume CXLIII, Issue 20674, 12 March 1937, Page 13

COMMERCIAL

AUSTRALIAN STOCK EXCHANGE United Pres. Association —Bv Klectrle Telegraph—Copyright (Received March 11, 10.50 p.m.) SYDNEY, March 11 There was keen buying of Barriers and Mt. Lyells on the Stock Exchange to-day, while tin shares were much firmer as a result of the outstanding rise in tin. The investment market, too, was very bright

MELBOURNE EXCHANGE Main interest was in metal stocks with active trading. Prices closed a little easier. Tin shares were busily quoted. Bonds were firm and there was a good tone in the market for industrials.

IMPETUS OF WORLD BUYING COMMODITY MARKETS ACTIVE bulled Press Association—By Electric Telearaoh- •Oopvrlnht (Received. March 11, 5.5 p.m.) NEW YORK, March 10. Commodity markets have felt the tremendous impetus of world buying, either for peacetime or for allegedly munitions purposes. The new wheat crop, in a month, has gained five cents a bushel, Chicago and Winnipeg being under pressure on reported German buying. Rye, also, rose five cents, and cotton increased a dollar a bale. Crude rubber spurted three to four cents, reaching new high levels since early 1929. World sugar contracts, hides, and silks soared. Copper, tin, lead, and zinc, following the trend of leading metal markets of the world, established new peaks. The stock market responded to the commodity situation, and mining, railway, steel, petroleum, and industrial shares gained three to six points. ACTIVITY IN METAL MARKET STEADILY RISING PRICES United Press Association—By Electric Telegraph—Copyright (Received March 11, 5.5 p.m.) LONDON, March 10.

NEW ZEALAND DRUG COMPANY By Telegrapn — F'Rsf Association DUNEDIN, March 11. The annual report of Kempthome, Prosser’s New Zealand Drug Company, states that the balance brought forward from last year was £35,059 and net profit for this year £50,129. An interim dividend for the half-year to July 21 of 3J per cent totalled £20,405, leaving £64,784 to be applied as follows: Payment of a final dividend of 44 per cent, making 8 per cent for the year, £26,235 contribution to staff provident fund, £2500; to carry forward to next year, £36,049. Net profit in the previous period was £54,454. Dividend was 8 per cent.

Morning Sales: Commonwealth Bonds: f ‘ s d. 4 per cent., 1938 101 15 0 4 per cent., 1941 101 12 6 4 per cent., 1950 100 13 9 4 per cent.. 1961 101 17 6 Australgas (A) 7 2 0 Associated News (pref) 1 3 71 Broken Hill Proprietary .. 4 11 0 Dunlop Perdriau 1 0 74 Ditto (pref) 1 15 6 Electrolytic Zinc 3 8 9 Ditto (pref.) 3 9 6 Lustre 1 1 9 Afternoon Sales: Bank of New South Wales.. 38 0 0 Comm. Banking of Sydney 22 19 0 Ditto, New Zealand delivery 22 10 0 Union Bank 11 5 0 Colonial Sugar 43 7 6 Mercantile Mutual 1 11 3 Associated News 1 4 0 Huddart Parker 2 0 0 Burns Philp 4 0 6 British Tobacco 2 13 6 Tooths 2 16 6 Coles 5 6 6 Aust. Iron and Steel (pref) 1 9 0 Goldsbrough Mort 1 18 7 1 Morris Hedstrom, Fiji del’y 1 11 0 Henry Jones 2 5 6 Electrolytic Zinc 3 7 0 Farmers’ 1 16 0 David Jones 2 4 6 W. R. Carpenter 2 6 0 Sargents 1 13 6 Mauri Bros 3 15 0 Permanent Trustee .. .. 1 0 0 Taubmans 3 13 0 Victoria Nyanza 0 16 0 Yarra Falls 2 8 9 United Provisions 0 11 8 Wool worths 8 2 0 Woolworths, New Zealand 7 10 0 Selfridge's 1 17 9 Selfridges, New Zealand 0 4 6 Sulphide 0 17 9 New Guinea Goldfields .... 0 3 3 Mandated Alluvial 0 3 0 Lady Shenton 0 0 10 New Occidental 0 10 0 Mt. Morgan 0 18 9 Mt. Lyell 2 14 0 North Brokens 4 12 9 South Broken Hill 3 0 0 Broken Hill Proprietary .. 4 11 0 Zinc Corporation 8 15 6 Kuala Kampar 1 4 6 Rawang 0 13 11 Larut 1 1 3 Loloma 1 5 6 Takuapa Tin 1 10 0 Kampong 1 13 6 Rungah 1 15 6 Puchong 1 19 0 Southern Kinta 1 10 0 Tongkah Harbour 1 5 0

Sales—• Comm. Bank of Australia 0 19 10 National Bank (£5 paid) ., 8 0 0 Ditto <£10 paid) 16 2 0 British Tobacco 2 13 0 Carlton Brewery 3 3 3 Coles 5 6 0 Drug Houses 1 9 7b Dunlop Perdriau 1 0 9 Electrolytic Zinc 3 6 6 Ditto (pref) 3 9 0 Yarra Falls 2 3 3 Silverton Trams 1 16 7 Mt. Morgan 0 18 7 Mt. Lyell 2 13 75 Broken Hill Proprietary .. 4 11 0 North Broken Hill 4 12 0 South Broken Hill 3 0 0 Loloma 1 5 3

Copper— £ s. d. Standard .. .. 77 6 3 Forward .. .. 74 19 45 Electrolytic— Spot .. .. 79 0 0 Forward .... 80 0 0 Wire bars .. .. 80 0 0 Lead — Spot .. .. 36 0 0 Forward .. .. 35 18 9 Spelter— Spot .. .. 36 5 0 Forward .. .. 36 5 0 Tin— Spot .. ..301 5 0 Forward .. .. 126 10 0 Silver— Fine .. .. 20 7-16 Standard .. .. 22 1-16