STRONGER MARKETS

Dominion, Volume 31, Issue 128, 24 February 1938, Page 14

STRONGER MARKETS

Australian Stock Exchanges METALS SHARES ADVANCE By Telegraph.—Press Assn.—Copyright. (Received February 23, 9.10 p.m.) Sydney, February 23. A good rise in all base metals shares was noted on the Sydney Stock Exchange to-day. Little scrip, however, was offering. Investment business continued along quiet; steady lines. Sales : Commercial Banking Co. of Sydney, £2O/4/-; Commercial Bank of Australia, 16/9; United Insurance, £9/15/-. Colonial Sugar, £46/12/6; Associated News, 22/3; Automatic Totes, 18/-; Adelaide Steam, 34/3. Howard Smith, 21/-li; Burns Philp, 53/-; Claude Neon Signs, 16/6. British Tobacco, 49/9; Tooths, 54/9; G. J. Coles, 82/-; General Industries, 19/44. Associated Puln, 21/-; Westinghouse, 22/9; Mauri Bros., 73/6; Mark Foy, 24/9; Warburton Franki, 22/-. Goldsbrough Mort, 31/-; Woolworths, Ltd., 27/3. North Broken Hill, 51/6; Zinc Corporation, 98/-; Rawang Tin, 9/4; ditto, New Zealand delivery, 9/4; Placer Development, 74/-; Emperor, 12/3. Morning sales included: Commonwealth bonds, 4 per cent., 1938, £102; 4 per cent., 1941, £lO4/2/6; 4 per cent., 1961, £lO5/15/-; Broken Hill Proprietary, 62/6; Colonial Sugar, £46/12/6; Goldsbrough Mort. 30/9: Hume Pipe, 21/-; Kandos, 25/9; Lustre, pref., 23/6. Melbourne, February 23.

On the Stock Exchange of Melbourne there was an improvement in market sentiment to-day on a better overseas outlook. Barriers were particularly affected. Lolomas and Mount Morgans were in demand. Sales: National Bank, £5 paid, £7/4/-; Carlton Brewery, 67/6; G. J. Coles, 82/-; Australian Foundation Investment Trust. 5/9.

Electrolytic Zinc, 47/9; ditto, pref.. 49/6; Mount Morgan, 9/9; Mount Lyell, 31/44; Broken Hill Proprietary, 63/-; North Broken Hill, 51/6; Broken Hill South. 34/3 ; Emperor, 12/8; Loloma, 20/-.