COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20049, 22 September 1939, Page 12

COMMERCIAL

AUSTRALIAN EXCHANGES TRADING AIORM ACTIVE i Klhc. Ti'l. Copyritrlit—United Press Assn.) SYDNEY, Sepllmber 20. A better tone and renewed strength marked dealings on the Sydney Stock Exchange to-day. Investors are awaiting with keen interest the outcome of the neutrality discussions ol the United Stales Congress shortly. Tin shares, were in active request at firm rates. Sales included: —Bank of New South Wales, ,1127 3s; Commercial Banking Company of Sydney, £l7 4s; Commercial Bank of Australia, 14s 3d; National Bank. £lO paid, £ll 13s; United Insurance, £10; Associated News, 15s fid; Australian Guarantee Corporation, £1; Howard Smith, £1 Cs Gd; Burns, Philp, South Seas, £1 3s lid; British Tobacco, £2 5s Gd; Tooth and Co., £2 9s Gd; Toohoys, Limited, £1 6s Gd: Cart lon Brewery, £3 5s 3d; Woolworths, Limited, £1 Os Woolworths, Limited, N.Z. delivery, £1 Os 9d. £1 Os 10£d; Australian Consolidated Industries, £1 12s 7id; Australian Consolidated Industries, rights, 3s 9d; Dunlop-Perdriau, 17s; Anthony Hordern. 12s lOd; General Industries, lGs Gd; Mcggitts, Limited, £1 6s Ski; W. Atkins, £1 Is 3d; Cash Orders, 14s Gd; Gordon and Golch, £2 7s 9d; Golds-

.*13503 brough Mort, £1 9s: Morris, Hedstrom, £1 4s 4d; Millaquin Sugar, £2 Os 9d: Fairymead Sugar, £1 13s Gd; Electrolytic Zinc, £2-13s 9d; Electrolytic Zinc, pref., £2 15s Gd; Broken Hill Proprietary, £3 Gs Gd; North Broken Hill, £2 7s Gd: Broken Hill South, £1 8s 3d Emperor Mines, 9s 3d; Mount Morgan, 9s 4d; Mount Lycll, £1 10s Gd. Morning sales included: Commonwealth Bonds, 3« per cent, 1949, £9G; 3:{ per cent, 1942, £99 15s; 3.3 per cent 1949, £9B 13s 9d; 3.3 per cent, 1951, £97 8s 9d; 3J per cent, 1948, £IOO ss; 33 per cent, 1954, £97 Is 3d; 4 per cent. 1944, £IOO 12s Gd; 4 per cent, 1947, £99 Gs 3d; 4 per ceih, 1950, £99 11s 3d; 4 per cent, 1953, £99 7s Gd; 4 per cent--1955, £99 3s 9d: 4 per cent. 1957, £99 11s 3d; 4 per cent, 1961, £9B 5s Tooth and Company, 48s Gd; Broken Hill Proprietary, GGs 9d; Cash Orders, 14s Gd: Farmers', 20s 3d; Mori’s Dock. lGs. Sales on the Stock Exchange of Melbourne to-day included: —Commercial Bank of Australia, 14. 4d; Carlton Brewery, £3 ss; Union Bank, £G 14s; Australian Paper Manufacturers, pref., ex. div„ £1 Is Gd; G. J. Coles, £3 7s 9d; Herald and Times, £2 18s; Broken Ilill Proprietary, £3 Gs 9d; North Broken Hill, £2 8s: Broken Hill South, £1 8s Gd; Mount Lyell, £1 10s 3d; Mount Morgan, 9s 4d; Electrolytic Zinc, pref., £2 15s 3d; Loloma Mines, £1 2s 9d. HUME PIPE YEAR The directors of Ilume Pipe Coni' pan.v (Australia), Limited, reporttha! there was a good demand for the

company's products in the year end ed June 30. The volume of busines; handled both in Australia and Nev Zealand exceeded that of any pro' vious year, and they felt gratifiec m presenting accounts showing recon earnings. The directors state that the earn' ing of a record profit last year wa: very satisfactory, having regard tc the .gradually increasing costs c. manufacture in the last two or threi years and the extra provision neces sary for taxation. Increased sales hac been recorded at all the company’, centres The merger between the company and Hume Pipe (Far East), Limited had been completed, and the company now held all of Flume Pipe ) (Far East). Limited's shares. Busi- ! ness in Malaya had been well maintained, and satisfactory profits earned A dividend sufficient to cover the company’s obligation to the holder.of preference shares for 12 month; | would be received.