COMMONWEALTH LOANS

Dominion, Volume 24, Issue 13, 10 October 1930, Page 11

COMMONWEALTH LOANS

Continued Wide Demand ADVANCE IN PRICES Conversion Issue Shortly By Telegraph—Press Association—Copyright (Rec. October 9,9.25 p.m.) Sydney, October 9. A significant feature of the business on tbe Stock Exchange is the continued wide demand for Commonwealth loans. This demand is particularly interesting in view of tbe fact that the Government will shortly be on tbe market for a conversion and probably for a conversion and a cash issue. The largest advances were registered to-day by the 5J per cent. 1941 loan, which rose 30/-, and the 6 per cent. 1938 loan, which is up to 20/-. A hardening tendency also was noticeable in regard to banks, and for the time being sellers are rather scarce. Irregularity, however, characterised industrial stocks. FEDERAL PARLIAMENT Both Houses to Meet Same Day Canberra, October 9. After a conference it has been learned that there will be no alterations in the arrangements for the meeting ol the Senate, which will formally meet the same day as the House of Representatives, October 30. QUARTER’S DECLINE New South Wales Revenue Rec. October 9, 5.5 p.m.) Sydney, October 9. The State Treasurer, Mr. Bertram Stevens, announced that New South Wales revenue for the quarter had declined £1,391,000 compared with the same quarter of last year, while all services showed a decrease of £660,000.