BRIGHT MARKETS

Dominion, Volume 31, Issue 191, 11 May 1938, Page 14

BRIGHT MARKETS

Australian Stock .Exchanges INCREASED TURNOVER Hv Telegraph—Press Assn.— Copyright. (Received May 10. 8.40 p.m.) , Sydney, May 10. Renewed buying l inquiry on the Sydney Stock Exchange to-day produced one of' the brightest markets for mouths. Turnover was heavy and industrials, particularly front rank shares, continued to

Morning sales included: Commonwealth Bonds. 4 per cent.. 1938, £lOl 18/9: 4 per cent., 1941. £lO2/17/(1: 4 per cent., 1950. £lO3/5/-: 4 per cent., 1953, £lO4/5/-; 4 per cent., 1955. £105; 4 per eent., 1957, £lO5/6/3'; 4 per cent., 1961, £lO4/5/-; 'Tooths Brewery, 58/-; Anthony Hordern. 18/7}; Australian Glass, 95/3; Broken Hill Proprietary, 62/-; Dunlop Perdriau Rubber, 22/6; Electrolytic Zinc, pref.. 47/-: General Industries. 19/4-}. Melbourne, May 10.

Un the Stock Exchange of Melbourne there was a better tone and greater activity in the markets. Sales included:

14 ftbe Bomfniov FINANCE & COMMERCE BRIGHT MARKETS Australian Stock Exchanges STOCKS AND SHARES DEALINGS ON ’CHANGE INCREASED TURNOVER Wellington Trading Active Yesterday’s Business Uv Telegraph—Press Assn.--Copyright. (deceived Muv to. b.-w P-m..> AUSTRALIANS FIRMER RETURN ON INVESTMENTS , Sydney, May iu. Ueuewed buying 1 inquiry on the Sydney Stock Exchange to-day produced one — — — of the brightest markets ior months. Business was fairly good in the W ellington stock and. share markets yestaSales recorded on Dominion stock exchanges yesterday are shown in the folTurnover was heavy and indu ticularly front rank shares, < st rials, par>ntinned to day and au increased turnover was ielowing list. In the second column is given advance. Sale.* 1 include*] . corded. Several sections 01: the market were very quiet, but others showed a firmer pendency in sympathy with Australian business. . . Government loans were in good , dethe return based on the hist annual dividend from investment al the quoted price. Bunk of New South Wales . 32 :lo In calculating the return on shares hi companies which pay their dividends outside New Zealand the exchange rates have Associated News Howard Smith • 1 1 1 1 •2 9 7A not been taken into consideration. Th? British Tobacco wand, but buyers’ quotations tailed to return on 1 per cent. Government mans Tooth anil Go 2 17 G interest holders. Interest was lacking includes redemption. In lhe case el JJ. Toolievs. J aid * 1 1’2 in local body and company debentures. Banks' were rather neglected; New were wanted at 44/ o, sellers asking 44/9. ’ National of Australasia, £10 paid, sold firmly at £14/1/-. South British Insurance sold at 40/-, a gam ot 1/-, and Goldsbrough Morts were 3d. up at 30/9. . , A feature of the market was a further rise in Tooths, -which did business, nt per cent. loans the return is tor the interest alone, ami covers only the period for which the loans are tax-free:— WELLINGTON. V ield p C. Sale on inprice, vestment. £ s. d. £ s. d. National Bank A/aGm, _ £10 paid 14 4 9 4 o 4 South British Iiisur. . *2 b 0 - 19 J (’ar!ton Brewery Australinn Glass Dunlop Perdrmu Anthony Hordern General Industries Kandos Cement Bankers and Traders Cumberland Paper William Atkins 3 « 1 15 1 2 9 18 l) 19 1 5 1 to 1 7 1 ’2 I) 1G 3 7i 4i 0 0 I) 0 57/(5 to 57/8. Carlton Breweries were Goldsbrough, Afort ... 1 10 9 5 1 u V\ . Adams done at G5/71 and New Zealand BrewerCnrlto'u Brewery .... 8 « '/ ;} i' o Malleys ies were firm at 45/-. Tooth and Co *- If h 7, 1 (I G New Zealand industrials continued unDitto e *> d .1. Fielding 4 3 interesting, but leading Australians were X.Z. Breweries - •> ’’ •_> i.j -> Leylanci-O’Brlcir .... 0 1' 3 o Io 1Australasian Paper t n G generally firm. Australian General Insurance 0 10 0 Sales recorded on the Wellington Stock Exchange yesterday were as follows:— pref *1 ‘ j A Perpetual Trustee 4 14 0 British Tobacco t „ 7 .. 1- n Consolidate Brick.... 0 » ~ ! ■Woolworth, Ltd 1 2 G No. of ATeggitts 1 12 e) shares. . 200—-South British Insurance *2 6 0 800 —Tooth and Co *2 17 0 Comnia 1 Sugar (2) .. 49 lo 0 .3 0 Felt and Textiles 1 13 G 10 i Electro. Zine, ord. .. 2 1 i S » 4 - Sargents • • 1 7 2 12 100 —Australian Iron and Felt and Textiles .... 1 13 <J 0 4 - Gordon and Goteh 3 Steel, pref 1 ‘ d G I Coles 4 ■ 4 13 ... 0 10 1 11. 0 8 6 100—G. J. Coles *4 0 7 200—N.Z. Farmers’ Fertiliser *0 19 8 440—Victoria Laundry *10 0 ” Ditto 4 9 !) 41210 McKenzies Dept. Stores, „ „ ,, Goldsbrough Mort Wilcox Mofl’lin li 0 200—Woolworths Ltd., rights ’ll 3 G N.Z. Farmers’ Fertiliser *0 19 S b - 9 Victoria Laundry .... *1 0 •» JFairymead Sugar 1 13 o 20—National Bank of AusMount Morgan 0 9 o tralasia, £10 paid .... 14 1 J Woolworths, rights .. 0 j» »> Ditto (10) Ooh - Overseas listings: , <• 1. 7 0 100—Goldsbrough, Mort .... 119 9 100—Leyland-O’Brien Timber 0 17 3 Broken Hill Proprietary .. 0 9 50— Carlton Brewery 8 5 Woolworths (S. Africa) J L> G .1 4 North Broken Hill 2 8 66—N.Z. Breweries 2 o 0 •Late sale Monetary. South Broken Hill ....... l 10 9 100 —Tooth and Co - 1‘ 8 O 8 11 100—British Tobacco. - « - 200—Consolidated Brick .... 0 J 1 AUCKLAND. 0 12 11 £ s. d. £ s. d. Peninsula Tin 6 lit—Colonial Sugar (2) 49 lo 0 1. 5 5—Ditto 49 10 0 Auck. City, li P.c., _ 1/1/4-L-G7 -..103 o 0 - Farmers’ Auction., B _ ., 0 50—Electrolytic Zinc, ord. 2 17 0 11 9 100—Felt and Textiles 1 13 0 Taranaki Oil 0 7 11

£ S. d. Com. Bank of Australia .. 0 1(1 National Bank. £5 paid ... Y 0 6 Ditto, £10 paid 14 •KJ 0 Adelaide Stegm 1 14 0 Howard Smith 1 1 7 G. J. Coles 4 J 0 Drug Houses 1 u 41 Aust. Iron & Steel, pref. .. 1 I 9 Goldsbrough Mort 1 11 0 Aust. Paper Mfrs., pref. .. 1 o 3 Ditto, 15/- paid Herald and Weekly Times 0 19 19 Aust. Pound. Invest. Trust 0 4 Electrolytic Zinc 2 (j Ditto, pref 2 0 Yarra Falls 1 18 0 Mount Lyell 1 3 Broken Hill Proprietary .. J 0 North Broken Bill —J 8 0 Loloma Gold 1 A