U.K. STOCK MARKET

Press, Volume CII, Issue 30110, 19 April 1963, Page 12

U.K. STOCK MARKET

Brighter Tone Seen (N.Z. Press Assn.-CopyrigM) LONDON. April 18. Second and more cheerful thought* on the Budget, better company results, and improvement on Wall Street all helped the stock market to begin a new account on April 11 with a bang which has continued this week The recovery made up losses caused by the initial Budget reactions and yesterday the "Financial Times” index reached its highest point this year. Shortage of stock in the market has also been among the contributing factors to higher prices. Many sections were bright, including steels, stores, and tobacco but one of the dull spots was the commercial television group under the weight of discouraging press comment on taxation. British funds were strong. There the demand for gilts and tins made the first move forward for months. INDICES Latest share prices indices are <s follows: New Vork.—Dow Jonee: Shares

London.—Financial Times (tnlustnal ordinary 1935 equals 100 Government 1926 equals 100; <old 1955 equals 1001: 1961 Ord Govt Gold

Sir William Gunn Heads New Board

(N.Z. Press Assn.—Copyright) CANBERRA, April 18. Sir William Gunn has been appointed chairman of the new Australian Wool Board, the Minister for Primary Industry (Mr Adermann) said today. The board will take over the functions of the Australian Wool Bureau (also presided over by Sir William Gunn) which has been responsible for the promotion of wool. The board will establish a marketing committee to investigate all aspects of marketing. Later it will take over the functions of the Australian Wool Testing Authority, and Wool Research Committee.

Sugar Price.—United Sugar Terminal Association's price for raw sugar is £64 a ton e.i.r. April-May shipment.—(N.Z.P A 1

1961 Retail Ord. Indus. Dec 13 144.5 734.91* 4.890.000 .962 Dec 31 141.04 652 10 ■a 1963 April 10 155 70 704 36 5 880 000 April 11 156 87 708 45 5.250.000 April 16 157.93 711.38 5.930 000 April 17 158 45 71025 5.320.000

«ay 15 1963 31 .. 365 8’ 78 57 Ml .. 283 1 85 84 67.5 '963 April 11 .. 304 3 84 20 72 0 April 16 .. 308 9 84 41 724 April 17 .. 310 6 84.72 721 Sydney .—Sydney Stock £xhange (July 1931 *qua] s 1001 June 1939, 1961 Ralls Indust sold ■M*pr 15 .. 459 33 348 46’ 374 08 1962 Dec 24 .: 366 63 297 23 313 62 1963 April 16 .. 393 05 .306 91 323 83 April 17 .. 392 50 309 16 324 23 April 18 .. 393 72 •Peak 309 73 324 55