Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

20 erthygl ar y dudalen hon

SOUTH WALES FINANCE

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SOUTH WALES FINANCE TUESDAY, Feb. 17. Business to-day was active in Barry Allotments, which were done at 2% to .3, extra premium. West 3f England Bank New Allotments have been ione at 3 extra premium Great Western Col- liery Ordinary at 7: Searle and Herring's Shares at 4%, and at JS4 3s 9d. For the Newport Tram Shares there are buyers at ClJ. but sellers ire asking Lll, there being an expectation of another increase in dividend, which was at the rate of 11 per cent. on the last distri- bution, and is calculated to be 12 per cent. at that uow due. West of England Bank Shares were done at 19 V* Newport Gas r>tock is firmer in all its divisions, them .il¡ng buyers at the top prices Miller's antf Cory's 6 per cent. Debentures were clone at 105 Raondda and Swansea Bay Shares at 9% and Bristol and Svuth Wales Wagon Shares at £ 5 Is 6d. The report of Bell's Asbestos Company is bang »ery generally discussed, and it will be seen that the price rose during to-day upon buying in the London Market. Some suspicion prevails that there has been an attempt to unduly depress the price -f the shares, and that the dividend just announced might very easily have been at a higher rate. Up:n this point we quote the Financial N't ins of to-day, which says :— The question is being asked whether the stock- in-trade, which stands as high as £51,036 in the iccounts. and is known to comprise large quanti- ties of asbestos, has not been valued at too low a price, while the announcement that the direc- tors have satisfaction in stating that they have sold the year's estimated surplus over the com- pany's own manufacturing requirements at very remunerative prices, is stated to refer to a pricc of about £ 40 per ton. The directors will, how- ever, have to account for the strange falling off in the profits during the past year, which has brought the dividend from 22% down to 15 percent. The repcrt of the Mount Stuart Shipbuilding, Graving Docks, and Engineering Company, Limited, is regarded as being in the highest degree satisfact ry and there is talk that the directors are contemplating considerable im- provements in their plant, it being found needful 00 provide for a still larger amount of business, and for dealing with heavier machinery, &c. The report shows a balance to the credit of profit and loss account for the year (ending- December 31st last) amounting to £ 16,422 13s 9d. An interim dividend of £20u the original shares, and Li in the B shares w as paid in July last", and there aow remains (including £ 10,681 11s 2d, brought iorward from 1889) a balance of £ 20,704 4s lid available for dividend, and similar dividends to those of July are recommended, thus leaving the handsome balance of £ 14,304 4s lid to be carried forward, in addition to which the usual rate of depreciation has been written on the plant and machinery, and a further £ 4,000 carried to the reserve fund. At a meeting of the directors of Spillers and Bakers (Limited), held yesterday, it was .dr-c-ifled that the half-year's dividend on the preference shares shall be paid at the end cf the financial year instead of, as hitherto, after the annual meeting. The warrants will, therefore, be posted on March 2nd proximo.

----------LONDON STOCK EXCHANGE.

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