AUSTRALIAN STOCK EXCHANGES

Timaru Herald, Volume CXLV, Issue 21090, 16 July 1938, Page 6

AUSTRALIAN STOCK EXCHANGES

United Press Association —Gy Electric Telegraph —Copyright (Received July 15. 9.5 p.m.) SYDNEY, July 15. Despite the weakness of oversea markets, industrial shares maintaine a firm tone on the Stock Exchang to-day. Coles shares eased slightly o the announcement of a dividend.

.Melbourne Exchange The easier tone in London was reflected in hesitant trading here. Coles sold down to £4 1 9 off the Exchange. Barriers and Gold Fairly were qiL.t inclining to be easier.

THE PRICE OF GOLI) United Pips? Association — Bv Electric Tuleeranh Cnpvrlpht (Received July 15. 6.30 p.m.) LONDON, July 14 The current price of gold is £7 l/2i per fine ounce.

G. J. (OLES’ DIVIDEND | By Telemann -I’ihss- A.vocintinn WELLINGTON. July 15 ’ The directors of G. J. Coles have : declared a final dividend on ordinary I shares of 7i per cent, for the half- I year ended June 30, together with a bonus of 6d a share, making 3/6 a share for the year ended June 30. The | total amount distributed to share- | holders for the year, including thel dividend on preference shares, will be , £200.346, compared with £183.224 for ! 1937. ————— MINING NEWS The Mossy Creek return was 30oz. i 2dwt. lor 132 hours’ work. The Worksop Extended return was ; 440 z. lor 124 hours' work. Hie Nemona dredges return was 60oz. for 117 hours' work. The Murchison-Malaki Junction return for the week ended July 14, w s 40oz of smelted gold for 129 hours’ work. SHAKE QUOTATIONS Unitpn Press- Association— By Hlecfic Tplptfruph GloDvrlßht (Received July 15. 6.30 p.m.) LONDON. July 11. London share quotations are: Cl 'llia River Company, buyers 10-id, sellers I ll; Molyneaux River Company, buyers lOld, sellers 1. 11. BRADFORD TOPS United Press Association —By Electric Telegraph —Copyright <Received July 15, 6.30 p.m.) LONDON, July 14. Bradford Tops quotations: Merinos—70s 28d, 64’s 261 d, 60’s 241 d; crossbreds ! -58 s 22d, 56’s 20d. 50’s 17d. 46’s 161 d I 'nominal)., 44’s 161 d (nominal). The market is dearer, with a fait I amount oi new business.

DAIRY PRODUCE United Press Association —By Electric Telegraph—Copyright (Received July 15, 6.30 p.m.) LONDON. July 14. The London butter market is firmer. Danish, 122/-; choicest salted Nr v Zealand, 122/-; Australian. 120/-, unsalted is premium. Cheese—New Zealand, ,v hite and coloured, nominally 69/6 to 70/-. WESTRALIAN GOLD OUTPUT For the first half of the current year Western Australia’s gold yield was 555,538 fine ounces compared with 473.798 ounces for the same period in 1937. in which year for the first time since 1916 more than 1.000.000 was recorded. The output for June was 96,065 ounces valued at £840,509 Australian currency which was 14,461 ounces higher than lor June, 1937. and 4000 ounces more than the yield for the preceding month. UNION BANK OF AUSTRALIA The Union Bank of Australia Ltd. has declared an interim dividend of 3/- a share (at the rate of 3 per cent.). The dividend is payable less British income tax of 3/8 in the £. Payment will be made to shareholders, on July 27, who were on the register on July 1, at the current rate of exchange for demand drafts on London at the date of the dividend warrant. In the previous year the interim was 3 per cent and the final 4 per cent.

Sales— £ s. d. Bank of N.S.W. (N. Z. reg) 31 15 0 Comm. Banking of Sydney 20 10 0 Colonial Sugar 46 10 0 Bank of Australasia .. .. 9 18 0 British Tobacco 2 8 0 Coles 4 2 3 New Zealand Delivery .. .. 4 2 6 Australian Glass 4 15 6 Dunlop Perdriau 12 6 Horderns 0 17 3 Morts Dock 0 13 0 Amalgamated Wireless 3 4 9 Broomfields 0 7 6 Adams 0 16 9 1 3 0 Goodvear (pref) 1 12 6 Woolworths 12 3 Felt Textiles 1 13 6 Sargents 1 9 0 McGrath 2 1 6 Gordon and Gotch 2 13 3 Mark For 1 1 0 Victoria Nyanza 0 14 U United Provisions 0 7 5 Henry Jones <N.Z. Delivery) 2 8 0 Electrolvtic Zinc 2 3 0 i Mount Morgan 0 10 9 j Mount Lyell 1 7 3 i Broken Hill Pptv 3 0 0 | Placer Development .. 3 17 0 Tonkah Harbour 0 14 0

Sales— £ s. cl. British Tobacco 8 3 Coles 4 2 3 Dunlop Perdriau 1 2 6 <pref.) . .. 1 19 9 Cox Bros . .. 0 17 3 Herald Times . .. 3 2 0 Yarra Falls . .. 1 18 3 Electrolvtic Zinc .. . 9 3 0 < pref) 2 7 0 Mount Morgan . .. 0 10 10 Mount Lyell . .. 1 8 3 Broken Hill Ppty. .. . . .. 3 0 0 North Brokens . .. 2 6 9 Souths 1 12 0 Tonkah Harbour . .. 0 14 0 Emperor . .. 0 12 6 Loloma . . . 1 2 0