MUCH BRIGHTER TONE

Dominion, Volume 29, Issue 198, 19 May 1936, Page 12

MUCH BRIGHTER TONE

Australian Share Markets INDUSTRIALS FIRMER By Telegraph—Press Assn.—Copyright. (Received May 18, 5.20 p.m.) Sydney, May 18. On the Sydney Stock Exchange to-day the week opened with a much brighter tone than tor Some lime. Buying inquiry tor Government loans and leading industrials showed a substantial increase and the majority of prices "took a turn tor the better. There was renewed support lor Tooths, and aji except.oiiiiuy heavy turnover was listed in Dunlop-l’er-driaus. Sales: Colonial Sugar, £4l/12/6; Batik of New South Wales, £32/15/-; Commercial Bank of Australia, 19/6; National Bank of Australasia, £5 paid, £7 8/-; Associated -News, pref., 23/6. Howard Smith, 17/4 ; Australian Gas A, £7/11/-; British Tobacco, 40/6';. Tooths, 53/3; Touheys, 3(1/6. G. J. Coles, <9/9; Drug Houses, 30/6; Australian Glass, 90/9; Dunlop L’erdriau, .17/1$; Electrolytic Zinc, pref., 39/9; Farmers, 28>6; Anthony Horuern, 18/10$; General Industries, 19/9. Mt. Morgan, 14/7; Broken Hill Proprietary, 0-5/3; ditto, Loudon delivery, 65/6; ditto new issue, 39/6; Broken Hill South. £5/14/-; Emperor, 11/11. . Commonwealth' bonds, 4 per cent., 1935. £lO2/13/9; 1941, £lOl/3-9; 1944, £lOl 10/-; 1947, £lO2/15/-; 1950.'£102/1.8/9 ; 1953, £lO3/3/9; 1955, £lO3/7/6; 1957, £lOl/12/6; 1959. £lO2/10/-: 1961, £lO2 10/-. Morning sales included: Commonwealth bonds, 31 p.c. (1945). £96/5/-; 3 3-8 p.c. (1949), £95; 3$ p.c. (19421, £lOl 15/-; 4 p.c. (1938), £lO2/12/6; 4 p.c. (1941), £lOl/2/6; 4 p.c. (1947), £lO2 13/9; 4 p.c. (1950). £103; 4 p.c. (1953). £lO3/3/9; 4 p.c. (1955). £lO3/5/-; 4 p.c. (1957), £lOl/10/-: 4 p.c. (1959), £lO2/2/6: 4 p.c. (1961), £lO2/5/-; Tooths, 53/6; Australian Glass, 90/-; Broken Hill Proprietary, (15/-; new issue, 10/- paid, 39/4s; Burns. Philp, 70/6; Colonial .Sugar, £4l/12/6; Ditn-lop-Perdriau, 17/-; Henry Jones, 41/3; Howard Smith, 17/3. - .Melbourne, May 18. Sales on the Melbourne Stock Exchange to-day included: —Howard Smith, 17/6; Mt. Morgan, 14/8; Emperor. 12/-; Loloma, 20/-; National Bank of Australasia. £lO paid, £l5/11/-; North Broken Hill, £B/8/6; Mt. Lyell, 24/9. LONDON WOOL MARKET Europe an Unsettling Factor By Telegraph—Press Assn.—Copyright. London, May 17. 11. Dawson, Sons and Co., Bradford, in commenting oil the outlook for the wool market, says tjjat there was a slight recession at the opening London sales, though necessary in the adjustment of the March scarcity. The rates paid disturbed confidence. The paucity of supplies for the next four months, however, should tend to lift values, but the fact remains that topmakers cannot make higher prices. , The European outlook continues Io be an unsettling factor in the wool market. France is reported to be holding stocks of raw material as nn insurance against devaluation of the franc, and these stocks may come on to the market for realisation. This summer will be the testing time of values which, notwithstanding the strong statistical position of the raw material, are sustained only by the remarkable prosperity of the British woollen trade. Exporters are gratified at the Irish Free State Government’s decision to abolish the import tax of 10/- per cental on wool, both raw and waste, entering the Free State. Murray, Roberts and Co.. Ltd., have received a cable message from their London agents giving the following comparison between the closing rates of the London wool sales last week and in March :— Closing Closing rates. rates.

May March series. series. d. d. N.Z. merino, 60/64's, yieldin? 48 p.c 13 13} Halfbred, 50's, yieldin? 64 I’.e lit 12| Superfine crossbred, 50's, yieldin? 70 p.c 10 Fine crossbred, 4S/50's, mixed prep, and card.. yieldin? 72 p.c 85 9} Fine crossbred, 46/48's, mixed prep, and card., yieldin? '74 p.c Si 8} Med. crossbred, 44/40's, prep., yielding 76 p.c. .. 81 85 Med. crossbred. 44/4G's. card., yielding 74 p.c. ... Si 8} Coarse crossbred. 40/44's, yielding 75 p.c Si 8} Low crossbred, ,30/40‘s, yieldin? 76 p.c 7} 8