BANKS FIRMER

Dominion, Volume 31, Issue 151, 23 March 1938, Page 14

BANKS FIRMER

Australian Share Markets CBy.. Telegraph—Press , Assn. —Copyright (Received March 22, 9.25 p.m.) Sydney, March 22. On the Sydney Stock Exchange" to-day industrial share prices moved irregularly, but banking shares firmed appreciably. Barriers were a shade easier as the result of minor weakness in base metal prices. Business during the morning call was exceptionally heavy, but a feeling of restraint developed later in the day. Sales: Colonial Sugar, £46/7/6; Bank of New South Wales, £32/10/-; Commercial Bank of Sydney, £2l; Commercial Bank of Australia, 16/-; National Bank, £5 paid, £7; National Bank, £lO paid, £l4/1/-;. Bank of. Australasia. £lO 5/-. Adelaide Steam, 33/6; Howard Smith, ; Australian Gas, A. £7/6/6; British Tobacco, 49/3; Tooths, 55/6; Tooheys, 31/3; Carlton, 65/-. Woolworths, 27/-; Australian Glass, '9l/6; Anthony Hordern, 19/-; General Industries, 19/9; Morts Dock, 10/2; Sargents. 28/-; AV. It. Carpenter. 46/-.

Peters, 54/6; Goldsbrough Mort, 30/1); Greater J. D. Williams. 4/7: Electrolytic Zinc, 45/6. Mount Lyell, 30/3; Broken Hill Proprietary, 61/3; South Broken Hill, 32/6; North Broken Hill, 52/-; Kuala Kampar, 16/9: llawang, 9/-; Larut, 13/9; Placer Development, 75/-; Emperor, 32/11. Morning sales included: Commonwealth bonds, 3 per cent., 1948, £95/5/-; 34 per cent., 1948, £lOO/5/-; 3£ per cent., 1949, £lO2/10/-; 4 per cent., 1938. £lOl 15/-; 1944,'£104/6/3; 1947.. £lO3/13/9 ; 1950, £lO4/3/9; 1953. £lO4/7/6; 1955. £lO5/2/6; 1957, £lO5/12/6; Bank of Australasia, £lO/1/-/ Commercial Banking Co. of Sydney. £2l: Bank of New South Wales, £32/5/-; Tooths Brewery, 56/-; Australian Gas, A, £7/6/6; Australian Glass, 91/6; British Tobacco, 49/3; Broken Hill Proprietary. 61/3; Colonial Sugar, ■ £46/2/6; Electrolytic Zinc, 45/6; ditto, pref., 48/6. Melbourne, March 22. The Melbourne investment market continued quiet to-day. with a better demand for bank stocks. Barriers and other mining shares, were easier on light trading. Sales: E.S. and A. Bank. £5/4/-; National Bank, £5 paid. £6/19/-; National Bank, £lO paid, £l4/2/-: Howard Smith, 22/4; G. J. Coles, 81/9; Dunlop Perdriau, 22/9; ditto, pref., 38/9: Electrolytic Zinc. 45/3. Mount Morgan. 9/9: North Broken Hili, 51/9: South Broken Hill, 32/3; Emperor. 13/-; Loloma, 23/44. London Stock Exchange By Telegraph—Press Assn. —Copyright. London, March 21. The easing in political tension has induced optimism on the Stock Exchange markets, and the nejv account dealings opened on a fair scale. British funds improved by up to 15s. Gold shares were firmer and home industrials very firm. Oil shares were appreciably higher, though Mexicans made sharp declines. Mining share quotations: Clutha Hirer, buyers Is sellers Is lOJd; Molyneux River, buyers Is lid, sellers Is 4Jd. Metters (N.Z.) Profits Increase The accounts of Metters (N.Z.), Limited, porcelain manufacturers, Wellintgon, show a net profit of £6216 for the year ended December 3.1, 1937. This compares with £5262 in the previous year. The directors recommend a dividend of 6 per cent., an unchanged rate, absorbing £3896. The report states that extensions to buildings and additions to plant made during the past two years have, enabled economies to be effected in working. The plant has been fully employed and sales, although below the level of the previous years, have been satisfactory.

The company, which is a subsidiary of General Industries, Limited, Sydney was formed in 1929. Its first dividend was paid in 1935.