BONDS IMPROVE

Dominion, Volume 30, Issue 172, 17 April 1937, Page 12

BONDS IMPROVE

Australian Share Markets G. J. COLES ADVANCE By Telegraph.—Press Assn. —Copyright(Received April 16, 9.10 p.m.) Sydney, April 16. The feature of the industrial market on the Stock Exchange to-day was the sharp rise in G. .1. Coles shares. Barriers and other metal shares were easier. Satisfaction with the new loan terms was reflected in the strengthening of bond values. Sales- United Insurance, £11; Tooths, 57/3; G. J. Coles, £5/10/-; Drug Houses, 27/9; Dunlop-Pcrdriau, 21/4|; Henry Jones, 46/9; Electrolytic Zinc, 60/6, pref. Anthonv Hordern, 20/3, pref. 23/-; Taubmaiw. 72/6; Newbold Brick, 37/9; Wunderlich, 23/9; Victoria Nyanza, 18/6; W. R. Carpenter, 45/-. Woolworths, ordinary, sales and seller at £7/12/6; Woolworths. New Zealand, buyer at £7/18/6, seller at £B/2/6; Woolworths. Western Australia, buyer at £6 18/-, seller at £7/2/-; Selfridges, buyer at 37/-. seller at 39/-, sale at 37/-; Selfridges. New Zealand, buyer at 3/-, seller at Mt. Morgan, 16/101; Rawang, 12/2; ditto, New Zealand delivery, 12/1 and 12/2; South Broken Hill. 50/9; Zine Corporation, £7/6/-: Placer Development, 99/6. Morning sales included : Commonwealth Bonds, 4 p.c., 1938. £lO2/10/-; 1941, £103: 1955, 101/12/6; Commercial Banking Company of Sydney, £23; Australian Gas. A. £7/4/-; Toohey’s Brewery, 34/3; Tooth’s Brewery. 51/6; DunlopPerdriau Rubber, 21/3; Henry Jones, 46/9. Melbourne, April 16. Bonds were in good demand on the Stock Exchange to-day, while the investment market continues to improve. Base metal stocks were inclined to be quieter. Sales: Commercial Bank of Australia, 19/10; National Bank, £5 paid, £7/18/-; G. J. Coles, £5/9/-; Dunlop-Perdriau, 21/3; Goldsbrough Mort, 37/14; General Motors, 24/2; Hume Pipe, 20/4; Cox Bros., 80/6; Electrolytic Zinc, 60/-; pref., 61/3; Victoria Nyanza. 18/6. Mt. Morgan. 16/11; Mt. Lyell, 47/10|; Broken Hill Proprietary, 84/3; North Broken Hill, 77/-; South Broken Hill, 51/-; Emperor, 18/3. Commonwealth Loan By Telegraph.—Press Assn. —Copyright Melbourne, April 16, The Loan Council has accepted the offer of the Commonwealth Bank to underwrite immediately an internal loan for public works for the amount of £7,500,000. The rate of interest for the new loan will be £3/17/6 per cent, and the issue price £99/5/-. The currency of the new loan is for Hi years. The last loan underwritten by the Commonwealth Bank in December was for £7,500,000. It was issued at £97/10/-, ■bearing interest at 3J per cent., with a currency of 15 years. It was under-sub-scribed by £2,000,000, notwithstanding terms favourable to investors when comparison is made with New Zealand’s latest ventures into the local money market. An earlier Australian loan in June last was for £9.000,000 issued at £9B/10/-, also bearing interest at 3f per cent. This loan also failed to be fully subscribed, £1,800,000 being left with the underwriters. BASE METALS MARKET Tin Easier; Copper Steady By Telegraph.—Press Assn.—Copyright. London, April 15. The official London (middle) quotations for Thursday, as reported bv the Australian Mines and Metals Association, compare with those previously cabled as follows:—

SHEEPSKINS AND HIDES Good Prices at Wellington Sale Sheepskins showed a further rise at the sale held yesterday by the Wellington brokers, but hides, which made exceptional prices a fortnight ago, were easier. Sheepskins: .Fair-sized catalogues were offered, all sections of the trade being interested. Bidding was very spirited, prices generally being Id. higher, and at times l.Jd. Half.breds sold up to 17}d., line crossbreds to 18|d., medium crossbreds to 17}d., coar.se crossbreds to 16}d. The offering of salted skins was small, aud prices showed a corresponding rise. Hides: Some good parcels of abattoir and butchers’ hides were offered, exporters and tanners bidding freely. As compared with late rates (when extreme prices were paid), values’ for heavies, mediums and lights were Jd. to Id. lower. Kip receded Jd., while yearlings sold well up to late rates. Calf were in special demand, prices advancing Id. to }d. Weights l-51b„ and 6 81b„ sold to 18 1-Sl.; 9-101 b., 15|d. Tallow: A small offering. Prices showed little change. The range of prices is as follows: — Dry sheepskins: Ilalfbred, 15id. to 173 d.; line crossbred, 17(1. to 18}d.; medium crossbred, 165<1. to 17|d.; coarse crossbred, 141 d. to 16? d.; half-wools, 14d. to 17 }d.; quarter-wools. 1 l}d. to 164(1.; pelts. lOld. to 12|d. Salted skins: Quarter-wools, 3/- to 6/6; half-wools, 6/3 to 7/2; ithree-quurter-wools, to 8/-. Hides: Ox, 331 b. to 441 b.. 9|d. to 10 ; ld.; 451 b. to 521 b„ Bd. to lid.; 531 b. to 591 b.. 103 d. to lUd.; 601 b. to 691 b., lOd. to rijd.; 701 b. and over. IOJd. to 12|d. Cow 331 b. to 391 b., 9 3-Bd. to IOJd.; 401 b. to 481 b., lOd. to 10}d.; 491 b. and over, 9 5-Bd. to 11 1-Sd. Kip, 251 b. to 321 b., 9 7-Bd. to 11 3-Sd.; 171l>. to 241 b., 12d. to 13 3-Sd. Yearling. 1111). to 161 b.. lOd. to 15Jd. Calf. 9lli. to 101 b. 13|d to 151<1.; 61b. to 8lb„ 10d. to IS 1 Sfl.; lib to sib., 15d. to 18 1 8(1. Tallow: In casks, etc.. 23/:’. Io 28/6: in tins. 15/- to 20/-. Sundries: Cow tails, to 12.3 d.: horse hair, 173 d. to 241 d. Bradford Tops Market Firm By Telegraph.—Press Assn. —Copyright. London, April 15. The Bradford tops market is steady at very firm rativ. There in rather more bur’iness passing. Latest quotations compare with those previously cabled as follows: —

April 14. Per Ton. April 15. Per Ton. Copper— £ s. d. £ s. d. Standard, spot ... 6+ 3 It 64 3 9 Ditto, forward ... 62 13 !> 62 13 9 Electrolytic .... 68 10 0 68 10 0 to 70 10 0 70 0 0 Wire bars 70 10 0 70 0 0 Lead— Spot 25 13 9 25 7 6 Forward 25 10 0 25 5 0 Spelter— Spot 26 2 6 26 6 3 • Forward 26 7 6 26 10 0 Tin— Spot 276 0 0 272 15 0 Forward 27S 17 6 270 5 0 Silver— Standard, per oz. . 2015-1 (id. 2018-16(1. Fine 22 0-16(1. 22 7-16d.

Mar. “i. Apr. 1 d. Apr. 8 d. Apr. 15 d. Merinos— 70s , 39 39 40 40 J 64's . 374 374 384 39 60's . 364 364 374 38 Crossbreds — OS’s . 33 33 34 34 5(>’« ..... *29 A 29 J 32 32 50’fl ..... . 2(5 26 27 . ‘234 4 23 4 *244 *244 40’s *23 *23 ’Nominal. *24 *24