EXCHANGES OPEN.

Auckland Star, Volume LXVIII, Issue 3, 5 January 1937, Page 4

EXCHANGES OPEN.

ACTIVE IN AUSTRALIA. — I VALUES TREND UPWARDS. BUSY DAY IX SYDNEY. ' ——: . . I S\ IJX h\ . January 4. The Stuck Kxchiinge reopened auspiciously after the holidays with ample' evidence ol a rising trend in values. Bene- I licial rain in the countiy and the bright outlook for wool consequent upon the ' settlement of the trade dispute with | Japnn caused pastor, t l.s to strengthen.! Commonwealth bonds were actively ; traded. Tin shares were firmer. Sales' included: — t S. .1. I Itauk of New South Wales .'Hi tl 1 Cruuincrelnl Hanking Nyl... 21 17 0 j T'liiteil Insurance 10 10 n < Mort 1 1H lllj Tooth's - 17 O Anlli'iny Hnnlern (I 19 !» Australian Cypsum 1 2 tl Associated News 1 4 0 British Toiiarcn <> !) Broken Hill I'rpty. (new).. H 11 O Colonial Sugar 43 1- (i . Henry Junes 2 8 0 Drug Houses 1 8 0 Electrolytic Zinc "J 14 *5 Ditto (pref.) "J 10 II Llavitl .Icu.'j '2 8 3 Mlllaquln Sugar 2 4 0 E(1 wn ids Dunlop (ex ill v.) 2 7 0 Victoria Nyanza 0 13 !> Woolworths 7 17 6 Selfridges 1 I.S 0 Mount Morgan 0 17 0 Mount I,yell 2' 2 3 South Broken Hill 2 11 ll North Broken Hill 4 2 R Kuala Knmpar 0 10 0 Kawimg ...... 0 11 (5 I'lncer Development 4 18 ti Sulphide Corporation .....' 010 0 On the Melbourne Exchange the bond market opened slightly easier, but investments remained firm on quiet trading with a strong market ,for Barriers, Mount Lyell* and Mount Morgans. Business included:— £ s. <1. Ooldsbrough. Mort ....... 1 18 'J Carlton Brewery 3 0 0 Kauri Timber 1 3 0 Australian Glass 4 11 0 Broken Hill Proprietary... 4 3 3 Drug Houses 1- 7 0 Dunlop, Perdrlau 0 18 0 Ditto (pref.) 1 13 fi G. J. Cotes 4 10 O Electrolytic' SCinc 2 13 » Ditto (pref.) W 2 13 9 General Motors 1 3 0 Melbourne Electric 0 18 0 Mount Morgan 0 17 8 Mount Lyell 2 1 0 South Broken Hlii 2 10 0 North Broken Hill 4 0 0 Emperor O 10 Lol'tnu 1 2 & TO-DAY IN SYDNtY. (Received 2 p.m.) , SYDNEY, this day. Morning sales on the Sydney Stock Exchange included:— £ s. d. Corn. Bonds, 1048, 3} p.c.. 05 3 0 Ditto, 1043, 8J p.c. . . .'. 00 12 6 Ditto, 1038, 4 p.c 101 3 0 Ditto, 1041, 4 p.c 101 15 0 Ditto, 1044, 4 p.c. 101 13 9 Ditto, 1047, 4 p.c 101 0 O Ditto, 1050, 4 p.c 101 0 0 Ditto, 1035, 4 p.c 100 5 0 Ditto, 1050, 4 p.c 100 12 6 Ditto, 1061. 4 p.c 101 7 B Com. Bank of Sydney .... 21 10 0 Tooth's ' 2 17 0 Anthony Hordern 0 10 » Australian Glass 4 12 0 Associated News 1 4 O Ditto (pref.) 1 3 10| British Tobacco 2 10 0 Broken HIU (new) 3 11 O Dunlop, Perdrlau 0 18 11 Electro. Zinc 2 14 6 Ditto (pref.) 2 lfi 0 General Industries 0 19 O Howard Smith 1 3 3 James Stedman ........... 0 17, 3 MOUNT jLYELLS SOAR. , ft? OTHER METAL SHARES UP. ' i. \ ' • f Shares of base metal mining panies rose sharply »t the opening of the Australian Stock' Exchanges yesterday, reflecting th*.'improvement m' the price of'their products, an London, now at the highest level for years. . " The, following table shows the extent and thfr widespread nature of ihe rise in mefrrt shares:— * '• ' ':i J V -'-Jan. * Dei." "«•, s. d. £ s;< d. Mount T.yelt 2 2 8 1 18< 0 Mount Morgatt ;... 0 17 8 OIS .10. South 8.-Hlll ..... "8 11 0 2 4 6 North B. Hill 4 "2 B 3 15. 0 Zinc : Corporation , 7 17 O 7 10 O Mulp. Corporation . . 0 16 ,0 o 16 3 Electro. Zinc 2 13 9 2 11 9 Kuala Katnpar 10 ,9' f ~- . 0 "18' 6 Hawang 0116 ... 0 10 It .............. O 18 0 .0 14 11 , One of .the most notable: rises is 'that, of Mount Lyells, which have'' appreciated remarkably in the last few months, chiefly as a result of the higher price of copper, which in Australian currency is worth approximately £62 10/ a ton. Mount Lyell snares to-day are at the highest level since early 1020. Electrolytic Zinc also have risen sharply recently, and now stand higher than seven years ago.