FAIRLY ACTIVE

Dominion, Volume 33, Issue 192, 10 May 1940, Page 12

FAIRLY ACTIVE

Australian Share Markets (By Telegraph.—Press Assn.—Copyright.) ( Received May 9. 8.55 p.m.) SYDNEY. -May 9. The Sydney Stock Exchange is fairly active despite' the imceriiiin political out-

Australian Produce Prices lßy Telegraph.—Press Assn.—Copyright.) (Received May 9. 8.55 p.m.) SYDNEY. May 9. Tlie wheat market is brighter with improved export business. Sim grain is quoted at 4/- a bushel and bagged at 4/3. Flour. £l2/10/- a ton. Bran and pollard, £5/10/-. Potatoes, Tas muni an, £l2: others. £lO/10/-. Onions. Vic(*7ian brown, £l2. Maize, yellow and white, 4/9 a bushel.

Big River Gold Mines

Big River Mold Mines, Limited, bus issued the following gold returns for March and Aprilßattery department: 200 tons of ore crushed for 121 oz. sdwtmolted gold. Cyanide department: 150 tons of sands treated for 20oz. 9dwt. of bullion. Total estimated value: £lo6<>. In addition. 3.5 tons of concentrates was saved valued at £ll2. In estimating the above values gold has been taken at 160/a fine ounce.

Selfridges (Australasia)

Mr. J. M’. Austin, the chairman of directors of Selfridges (Australasia), Lid., informed shareholders at the annual meeting in Sydney last week, that with regard to the proposed writing down ot the company’s assets, it was felt that, though certain assets were not represented by tangible backing, the time was not now opportune to make any reduction of capital, in view of existing and contemplated Government restrictions relating to dividend limitation and general capital and taxation matters. Following a further application for the listing of the company’s shares on the various stock exchanges of Australia, the chairman said that notification had been received that all the Stock Exchanges concerned had approved of the listing subject to minor alterations to the company s articles of association. These alterations could be made at the next annual meeting so that actual listing should be finalized at an early date.

Mr. Austin stressed the fact of a profit of £18,666 having been earned during the past y.ear, in contrast will) losses during the two previous years. He added that the two associated companies were now on n protilmaking basis, and though 'ictual profits were not commensurate with capital invested, it was felt that the corner had been turned and the capital of the various companies would at least be preserved.

look. Sains included £ (1. National Bank. £5 paid ... 12 l> Ditto. £10 paid It! () 0 Cnited Insurance 10 9 0 0 4 9 (Johlsbroimh Mort 1 0 Winchcoinbo Corson 1 Eleetrolvtic Zinc. uret.. N.Z 18 delivery . . 0 Attslrtil-N.Z Gold 1 MELBOHKNE .M l.v 1. Sales on the .Melbourne Stock Ex change today included : — d. £ Com. Bank of Australia . . . 0 l.’t 4 Drug Houses ol Austrnliu . 1 t; (> Broken Hill Proprietary ... — (> I) North Broken Hili 2 () .Mount Lyell 1 11 • » Loloma 1 13 1)