Market Gains In Sydney

Press, Volume CVI, Issue 31087, 16 June 1966, Page 19

Market Gains In Sydney

CN.Z. Press Assn.— Copyright) SYDNEY, June 15. The market gained ground on the Sydney Stock Exchange during the last week .with the share price index gaining 5.07 to 324.13, according to the weekly market report. Total average daily turnover of 1,166,277, including an average mining turn-over of 644,965 was heavy. Interest remained high in the oil market, where Planet Oil N.L. and Woodside (Lakes Entrance) continued to be actively traded.

Wilson Malt Profit Higher (N.Z. Press Association) WELLINGTON, June 14. | Directors of Wilson Malt Extract Company, Dunedin, have told the New Zealand Stock Exchange that net profit for the year to February 28, subject to audit, is higher than the year before. Annual accounts have been delayed until the loss of profits and fire insurance claims arising from the fire on the company’s premises during the year have been calculated. A final dividend of 4 per cent, making 7 per cent for the year, has been recommended, but the payment date will be announced later.

Last year dividend fell to 6 per cent from 7 per cent the year before.

Fletchers Get Good Response (N.Z. Press Association) AUCKLAND, June 15. Fletcher Holdings has within five weeks, received subscriptions to its debenture exceeding the minimum sought —£600,000. Announcing this today, the Managing-Director, Mr J. C. Fletcher, said the issue would remain open for over-sub-scriptions. The total sum which could be raised under the terms of the trust deed was £1,340,000. Manawatu Interim.—lnterim dividend of Manawatu Knitting Mills is a steady 4 per cent: payable July 8, ex dividend June 27. Last year’s total was 9 per cent. Directors say that in the six months to May 19 there was a satisfactory rise in profit and this position should be maintained for the rest of the year, according to the New Zealand Stock Exchange.— (P.A.) Henderson and Pollard.— Group accounts, subject to audit, of Henderson and Pollard, Auckland timber merchant, disclose profit after tax about 30 per cent higher. Directors recommend final dividend of 4} per cent, making a steady 8 per cent for the year, payable August B,' ex dividend July 26.—(P.A.) Baillie , Motors.—Directors of Baillie Motors, Hastings car dealers, say sales were slightly down in the six months to April 30. Tax-paid profit was more than £20,000 against £40,291 for the last full year. Interim dividend is steady at 5 per cent; payable June 27, ex dividend June 22. Last year dividend wae U per cent.—(P.A.)