ADVANCE IN BANKS

Dominion, Volume 30, Issue 131, 27 February 1937, Page 14

ADVANCE IN BANKS

Australian Shares Active

INDUSTRIALS FIRMER (Received February 26, 9 p.m.) Sydney, February 26. On the Sydney Stock Exchange to-day bank shares touched new high postdepression levels. Brewery and base metal shares were firmer, while the principal industrials were still hardening. Sales: Bank of New South Wales, New Zealand delivery, New Zealand register, £37/10/-; Commercial Banking Co. of Sydney, £23; Union Bank, £ll/4/-; United Insurance, £lO/19/-; Queensland National Bank, £5/12/6, Colonial Sugar, £43/5/-; Australian Gas, A, £7/1/6: British Tobacco, 52/6; Tooths, 57/9; Tooheys, 37/6; Coles, £5 11/6; Drug Houses of Australia, 29/4}; Australian Glass, 94/-. Goldsbrough Mort. 38/3; Henry Jones, 46/6; Fairymead Sugar, 39/6; Electrolytic Zinc, 64/-; ditto, pref., 64/9; Anthony Hordern, 21/3; Newbold Brick, 36/3; Producers General, rights, Sid., 7d. Woolworths, Ltd., buyer £B/11/-, seller £B/15/-; Woolworths (New Zealand), buyer £7/6/-; Selfridges, 40/6, 41/-. Mount Morgan, 19/-; ditto, New Zealand delivery, 18/74, 18/10}: Mount Lyell, 54/-; Kuala Kampar Tin, 24/-; Larut Tin, 21/-; Emperor, 19/6; Malim Nawar Tin, 12/-; Taranaki Oil, 3/6. Morning sales included: Commonwealth bonds, 4 per cent., 1938, 101 13/9; 4 per cent., 1941, £lOl/2/6; 4 per cent., 1955, £9O/17/6; 4 ner cent., 1959, £100: 4 per cent., 1961, £lOO/2/6; Commercial Bank of Australia, 19/74 (London delivery) ; Bank of New South Wales, £37/15/- (London delivery) ; Tooheys Brewery, 37/10}; Associated News, 24/4}; ditto, pref., 23/7}; Australian Iron and Steel, pref., 27/104; British Tobacco, 52/6; Broken Hill Proprietary (new). 77/6. Melbourne, February 26.

On the Melbourne Stock Exchange today there was a good recovery of Barriers and Mount Lyells following better metal prices; leading industrials were firmer. Yarra Falls were steady on a new issue of one for nine at 30/-. Sales: Commercial Bank of Australia. 19/5; G. J. Coles, £5/12/-; Drug Houses. 29/6: Australian Glass; 94/3 ; Dunlop Perdriau, 19/-! ditto, pref., 35/-; Goldsbrough Mort, 38/I}.

Electrolytic Zinc, 63/9; ditto, pref., 64/6; Mount Morgan, 18/7; Mount Lyell, 53/9: Broken Hill Proprietary, SS/9; North Broken Hill, 87/6; South Broken Hill, 55/3: Zinc Corporation, £B/6/-. Hume Pipe, 21/6; Kauri Timber, 23/11; Emperor, 23/6; Loloma, 23/6.