PRICES IRREGULAR

Dominion, Volume 29, Issue 254, 23 July 1936, Page 12

PRICES IRREGULAR

Australian Share Markets

GOVERNMENT BONDS WEAK By Telegraph—Press Assn.—Copyright. (Received July 22, 8.15 p.m.) Sydney, July 22. Price changes on the Stock Exchange to-day were about equally divided between rises and falls. Bonds were weaker, due to selling pressure. Banks were irregular. Tin veutures were rather active. Sales: Bank of New South Wales, £33 7/6; Commercial Bank of Sydney, £2O 13/-; Bank of New Zealand, 41/-; Howard Smith. 19/1: Australian Gas, A, £7 14/6. British Tobacco. 41/3; ditto, pref., 28/6; Tooths, 53/9; G. J. Coles, 78/9; Australian Glass, 94/-; Winchcombe Carson. 32/6; Wilcox Moff 1 in, 11/6. Henry Jones, 43/9; Millaquin Sugar, 41/6; Fairymead Sugar, 32/4}; Electrolytic Zinc, 42/4j ; Australian, Securities. "9/8; Australasian Paper, 35/3. Woolworths, Ltd., ordinary,_buyer £o 14/6, seller £5/15/-; sale £5/15/-. Mount Lyell. 27/101; Broken Hill Proprietary, 75/-; new issue, 55/9; South Broken Hill, £5/14/6; North Broken Hill, £9; Zinc Corporation, 82/-; Placer Development, £5/3/6; Puchong Tin,'2o/-; Briseis Tin, 5/-; Sulphide Corporation. 13/4; Emperor, 15/6. Morning sales included: Commonwealth bonds, 3 3-8 per cent., 1949, £95; 4 per cent., 1941, £lOl/10/-; 4 per cent,, 1947 £lO2/10/-; 4 per cent., 19u0, £lO3 6/3; 4 per cent., 1953, £lOl/17/6; 4 per cent., 1957, £lOl/7/6; 4 per cent., 19u9, £lOl/12/6; 4 percent., 1961, £lO2/10/-; Bank of New South Wales, £33/7/6; Tooheys Brewery. 31/9; Associated News, pref., 23/3; British Tobacco, 41/3; Broken Hill Proprietary, new. 50/9; Dunlop-Perdriau Rubber, 18/10},; General Industries, 19/10} : Henry Jones, 43/9:~Tames Stedman, 19/3.

Melbourne, July 22.

On the . Melbourne Stock Exchange today industrials were fairly steady. Barrier stock maintained the improvement. Gold mining issues were irregular. Mount Coolon were most active on the latest developments. Sales: Commercial Bank of Australia, 19/-; National Bank of Australasia, £5 paid, £7/2/-; ditto, £lO paid, £l4/6/-; Howard Smith. 19/-; Carlton Brewery, 59/3. G. J. Coles, 79/-; Australian Iron and Steel, pref., 29/6; Australian Glass, 93/6; Dunlop-Perdriau, 18/9 ; Electrolytic Zine, 42/6; ditto, pref., 44/3. Mount Lyell, 27/9; Broken Hill Proprietary, 74/6; North Broken Hill, £9; South Broken Hill, £5/14/6; Zinc Corporation. 82/-; Emperor, 15/4; Loloma, 23/4}; Mount Coolon, 7/10. 'Hume Pipe, 20/9; Melbourne Electric Stock? 20/3; General Motors, 24/-; Kauri Timber, 24/-; Myers, 34/1}; United Provisions, 14/11. LONDON STOCK EXCHANGE Pastoral and Other Shares Bv Telegraph—Press Assn.—Cooyrlgnt. London. July 21. Quotations on the Stock Exchange today of pastoral and other stocks and shares compare as follows with those pre-

Sales of mining shares include: —New Guinea, 4/1}; Bulolo, £6/1/9. London Hides Market Reviewing the hides market on June Z IS, W. Weddel and Co., Ltd., London, reported that business in the River Plate had been rather slow, with sellers holding for last prices and buyers refusing to go on. North America was not in the market, and only very little interest was shown by European buyers at prices which were not acceptable. About the middle of June the market was, for the first time, broken by sales of ox hides at 68} cents against the last price of 70 cents; but even then the market continued to be steady with most of the frigorificos refusing to follow suit, and business practically came to a standstill. Meanwhile, stocks were accumulating. and no support whatsoever was given to the market from either Europe or North America. This eventually resulted in further sales of ox hides at 68$ cents, equal to 5 3-Bd. c.i.f. S/W. It now remained to be seen whether the market would steady off on this basis or whether ■ a further decline would have to be recorded. Taking the recent political developments into account, it is difficult to forecast the future of the hide market. The situation in Erance is still unsettled, and the Government is having difficulties in mastering the various problems, and the uncertainty wjth regard to eventual currency restrictions have an adverse effect on business. On the other hand, the decision of the British Cabinet to drop the sanctions policy is expected to have a stimulating effect on the market. Nominal quotations of leading Argentine frigorifieo descriptions are to-day as follows: —B.A. heavy ox, 5 3-8(1. to s}d.; B.A, light ox. fid. to 5 1-Bd.: B.A. extremes, 5 3-Bd. to s}d.: B.A. light cows, fid. to 5 1-Sd.: B.A. defect, ox. fid. to 5 1-Bd.; B.A. defect, cows. 4}d. to 4 3-Bd. ’ • Afisecllaneoiis and colonial hide business has been comparatively slow, with slightly higher prices being asked by New Zealand and Australian shippers. Base Metals Market Rv Telegraph—Press Assn.—Copyright (Received July 22, 8.15 p.m.) London, July 21. The official London (middle) quotations for Tuesday, as reported by the Australian Mines and Metals Association con*

Colombo Tea Market Easier By Telegraph—Press Association Dunedin, July 22. Air. L. Al. Wright has received the following cabled report on the Colombo tea sa.le of July 14: —At yesterday’s auction of 2.500,0001 b.. the market for all grades was irregular and easier, the quality of the offering being good. At next week’s auction a total of 1,750,0001 b. has been catalogued for sale,

vibusly cabled: — July 7. July 21. £ s. d. £ s. d. Dalgety and Co., 4 n.c, deb. stk. 101 0 0 101 0 0 British Tobacco 1 12 6 1 12 6 Mort, B pref., ex div 1 4 44 1 4 44 Dalgety and Co., shares 6 17 6 6 17 6 P. and 0. Defd. 1 1 44 116

pare with those previously cal) ed as fol lows r— July 20. J lily 21. Per ton Per ton Copper— £ s. d £ s. d Standard, spot ... 37 11 10A 37 15 7 A Ditto, forward Electrolytic 1 ... 37 IS 14 38 1 10 A .... 41 10 0 41 17 (5 to 42 0 0 42 0 0 Wire bars .... 42 0 0 42 0 0 LeadSpot .... 10 2 tl ir> io o Forward .... 1(5 5 0 16 10 0 Spelter— Spot .... 13 13 9 13 18 9 Forward .... 13 IS 0 14 3 9 rmtSpot 101 5 0 IS!) 12 0 Forward .... 187 15 It ISO 2 0 Silver— Standard, per oz. . 19 5-Sd. 19 11-lGd. Fine 21 13-lGd. 21 id.