COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20099, 20 November 1939, Page 2

COMMERCIAL

AUSTRALIAN EXCHANGES GENERALLY FIRM (file*. Tel. Copyright—United Press Assn.) SYDNEY, Nov. 17. Colonial Sugar's higher dividend carried their shares to £49 5s on the Sydney Stock Exchange to-day. The share market otherwise was firm, with a restricted turnover. Sales included:—Bank of New South Wales, £2,1 17s; Commercial Bank of Australia, New Zealand delivery, 15s 3d; Howard Smith, £1 2s 9d; Woolworths, Limited, £1 2s 4Jd; British Tobacco, £2 8s; Australian Consolidated Industries, £1 16s 6d: Mort’s Dock. 17s 3d: Hume Pipe, 16s 9d; Felt and Textiles, £1 15s; William Adams, 13s lid; Arahura Gold, New Zealand delivery. £1 9s 9d: New Occidental, 11s Id; New Occidental, New Zealand delivery, 11s Id.

Morning sales included: —Commonwealth Bonds, 4 per cent, 1941, £IOO 7s 6d; 4 per cent, 1961, £lOl ss; Australian Gas “A,” £6 19s; Tooth's Brewery, 50s 3d : Broken Hill Proprietary, 73s 3d; Cash Orders Amalgamated, 15s Cd; Electrolytic Zinc, 56s 3d; Millaquin Sugar, 445.

Sales on the Melbourne Stock Exchange to-day included: —National Bank, £lO paid, ex dividend, £l2 2s; Dunlop Ferdriau, 18s lid; Bradford Cotton, £2 8s 9d ; Bank of New South Wales, £27; Broken Hill Proprietary, £2 13s; Electrolytic Zinc, pref., £2 17s Cd.

BEEF VALUES FIRM MORRINSVILLE SALE An average yarding of cattle containing a small entry of cow beef came forward at the 'Mowinsville stock sale, values for most classes being firm at late rates.

Bidding was steady for a fair yarding of sheep and a total clearance was effected. Offerings of two-tooth wethers and woolly two-tooth ewes created keen interest. Quotations: —

Sheep.—Fat two-tooth woolly wethers, 22s 3d to 27s 6d; two-tooth woolly ewes, 27s 8d; two-tooth shorn ewes, 21s 3d; fat shorn ewes, 14s to 14s 9d; store two-tooth wethers, 17s 2d to 19s; smaller, 15s 3d; store hoggets, 12s.

Cattle. —Heavy fat Shorthorn and Hereford cows, £6 15s to £7 10s; small yearling Polled Angus and Herefordcross steers, 26s to £2; small Polled Angus and Hereford-cross heifers, £2 to £2 6s.

NEW CAPITAL DOMINION BREWERIES The directors of Dominion Breweries, Limited, have announced a new issue of capital to shareholders. It is proposed to issue 50,000 ordinary shares of £1 each at a premium of 2s 6d a share to shareholders, both preferential and ordinary, in the proportion of one new share for every six existing shares. The issue will apply to shareholders on the register at November 28, and will be reserved for a period of 14 days.

The company also announces an interim dividend of 5£ per cent, share warrants to be posted to shareholders on December 16. The interim rate is unchanged on that of last year, when the full year’s distribution worked out at 12 per cent.

COLONIAL SUGAR INCREASED DIVIDEND SYDNEY, Nov. 17. The Colonial Sugar Refining Company, Limited, has decided to pay on November 29 an interim dividend of 17s a share. This represents crease of 2s a share compared with the last interim dividend, and is at the rate of per cent per annum. The dividend for the past two years has been 71 per cent. The board has issued a statement that the company’s operations in the past few years warrant the foregoing increase, and also in view of the rea--onabie anticipations from the pineapple industry in Fiji and from the working of the building materials factory.