WEAKER MARKET

Dominion, Volume 32, Issue 262, 3 August 1939, Page 12

WEAKER MARKET

! Australian Stock Exchanges ! SELLERS PREDOMINATE I By 'telegraph.—Press Assn.—Copyright. (Received August 2, 9.15 p.m.) SYDNEY, August 2. The Sydney Stock Exchange today was weaker, with sellers predominating. but they showed no inclination to force business. Disappointment that the. new issue of Australian Consolidated Industries is to be made at 5/preminm was reflected in the fall in the price of these shares today. Sales iu-

Morning sales included : Commonwealth bonds, 3} per cent., 1951, £9B 6/3; 3J per cent., 1954. £9B/18/9; 3 per cent., 1954, £99/1/3; 4 per cent., 1941, £101; 4 per cent., 1947,, £lOl/15/-; 4 per cent., 1955, £lOO/15/-; 4 per cent., 1947, £lOl/1/3; National Bank, £5 paid. £6/5/-; ditto, £lO paid, £l2/14/-; Bank of Australasia, £B/5/-; Australian Consolidated Industries, 37/3 ; Broken _Hill Proprietary. 63/-: Burns Philp, ;>O/-; Colonial Sugar, £44/15/-; G. J. Coles, 73/-. MELBOURNE, August 2.

FOREIGN EXCHANGES Position Of Sterling By Telegraph.—Press Assn.—Copyright. LONDON, August 1. The following mean closing rates rm foreign exchanges were current today compared with thußO ruling on July 31: ■

LONDON, August 1. (h,ld.— £7/8/64 an ounce, fine. Silver.—Spot, 1613-16 d. an ounce; forward, 16 7-l Gd. On Ngav Zealand Currency Basis The Bank of New South AVales, AVelllngton, quoted the following rates for their purchases and sales of foreigu exchange yesterday

The Associated Banks (other th* Bank of New South Wales) quoted the fol lowing dollar rates yesterday on a New Zealand currency basis. 'I hey are subject to alteration without notice.—

Mount. Morgan Production Mt. Morgan Ltd. gives the following production report for the four weeks ended July 26: —Ore mined: 66,117 tons. Ore treated : Sulphide. 37,000 tons ; oxide, 28,200 tons. .Sulphide mill tailings retreated through oxide mill: 24,710 tons. Production (estimated) : Gold, 50360 z.; copper, 254 tons, including 9 tons from copper precipitation. During the period 194 tons of blister copper were produced from concentrates.

eluded :— £ s. d. Com. Bank of Sydney IS IS 0 National Bank, £5 paid . .. . G iJ 0 National Bank, £10 paid . .. 12 14 0 Bank of New Zealand 1 15 6 Bank of Australasia 8 0 Colonial Sugar 14 15 0 Millaqirin Sugar 1 0 Fairymead Sugar 1 12 6 Associated News 0 IS 3 Huddart Barker w 13 0 Burns, Philp J 10 0 Australian Gas, A, old .... ( 0 Tooths — 11 6 Woolworths, Ltd 1 v 0 Australian Cons. Industries I 16 6 Bunlop Perdriau 0 19 7 General Industries 0 19 0 .Morts Dock 0 15 li AV. Atkins 1 3 104 AV. Adams 0 lb i Felt, and Textiles 1 10 6 AV. R. Carpenter ' «-< 1 6 Peters Ice -J 9 9 Goldnbrougb Mort 1 2 U> 0 Electrolytic Zinc 9 0 Broken Hill Proprietary ... 3 X. 9 Ditto, new 0 1l> 74 South Broken Hill 1 6 I Kuala Kampar 0 12 9 Lol om a 1 11 6 Kanieri • - 1 6

Sales on the Melbourne Stock Exchange today included : — £ 8. d. Bank of Australasia 8 8 0 Commercial Bank of Sydney 18 12 « National Bank. £10 paid 12 13 0 Metropolitan Gas 13 13 0 Huddart Parker Australian Iron, and Steel, - 12 3 pref 1 8 3 G. J. Coles 12 9 Hume Pipe b 18 0 Australian Consol. Industries 1 17 3 Felt and Textiles i 10 6 Claude Neon i. 9 0 Broken Hill Proprietary ... 3 3 3 North Broken Hill 10 6 Emperor 0 ’) Loloma -« 1 10

Par. July 31. Aug. 1. X. York, dot. to £ 4.860 •I.GSi 4.68S Montreal, dol. to £ 4.866 4.68 4.681 Paris, francs to £ 124.21 170 23-32 176 23-32 Brussels, bel. to £ 48.611 27.555 27.555 Geneva, frs. to £ 20.755 20.758 Amst’dam, fl. to £ 12.107 8.81 i 8.80 f Berlin, inks, to £ 23.13 11.615 11.665 C’hagen, knr. to £ 18.159 22.40 22.40 St’holm, knr. to £ 23.43 19.405 19.41 Oslo, kroner to £ 18.129 10.90 19.90 Hels’ki, inks, to £ 193.23 226.875 226.875 Madrid, pcs. to £ 25.225 — — Lisbon, ' esc. to £ too 110.25 110.25 Milan, lire to £ 92 89 1-32 89 Athens, drac. to £ 375 547.50 547.50 Bucharest, tel to £ 813.00 660 660 Belgrade, din. to £ 276.31 210 210 Kio de J., p. to mil. 4.99 2.625 2.625 B. Aires, p. to pesa 47.62 20.20 20.20 M.Video, p. to peso 51. 18.1 18J Calcutta, p. to rup. 18 17 29-32 17 29-32 Shanghai, p. to did. —. — II. Kong, p. to dol — 14.75 14.75 Yo’hauia, p. to yen 24.582 14 14 Batavia fl to £ 12.107 8.81 8.805

New Zealand Buying. Selling. on T.T. 124/7/6 125 £N.z. to £Stg. 100 O.D. 123/18/9 124/19/0 Australia T.T. 100/10/100 £A. to £N.Z. 100 O.D. 100/10/100 El JI T.T. 90 88/12/6 £F. to £N.Z. 100 O.D. 90 88/12/6 South Africa T.T. 123/4/3 124/17/£N.Z. to £S.A. 100 O.D. 124/17/New York T.T. 3.7743 3.7310 O.D. ' 3.7793 3.7320 Montreal T.T. 3.7718 3.7319 O.D. 3.7805 3.7329 Belgium Bel to £N.Z. . T.T. 22.260 O.D. 22.335 21.950 2.1.955 Denmark T.T. 18.140 17.830 Krn. to £N.Z. . O.D. 18.200 17.832 Einland T.T. 184.85 179.(X» Mks. to £N.Z. . O.D. 185.25 179.15 T.T. 142.07 140.47 Frs. to £«N.Z. . O.D. 144.22 140.49 Germany T.T. — 9.266 Mks. to N.Z. ■ O.D. — G recce T.T. - 129.20 Drac. to £ N-Z. O.D. — 429.35. Holland T.T. 7.149 6.999 FIs. to £N.Z. . O.D. 7.189 7.001 Tf»lv T.T. — 70.94 Lire to £N.Z. . O.D. — 70.96 Java T.T. 7.134 6.984 FIs. to £N.Z. . O.D. 7.174 (5.98(5 Norway .... ; Krn. to £N.Z. , T.T. 16.128 O.D. 16.18.8 15.838 15.841 Noumea Fvh. to £N.Z. . T.T. 145.47 O.D. 146.97 138.72 138.76 Papeete T.T. 144.87 138.87 Frs. to £ N.Z. . O.D. 146.37 138.91 Sweden T.T. 15.743 15.448 Krn. to £N.Z. . O.D. 15.803 1.».451 Switzerland T.T. 16.793 iu.>>23 Frs. to £N.Z, . O.D. 16.893 16.526 Hong Kong T.T. 18 i 18| N.Z. d .to Doi. • O.D. 18 3-32 18 i India and Ceylon T.T. 22 7-32 22J N.Z. d.. to Hup. O.D. 22 3-16 17 37-64 17 37-64 Japan N.Z. d. to Yen • T.T. - O.D. - Manila T.T. 3133-64 32 7-32 N.Z. d. to Peso . O.D. 3127-64 32 7-32 Singapore N.Z. d. to Doi. . T.T. 3151-64 O.D. 34 45-6-1 35 9-32 35 9-32

U.S.A, dollars Canadian dollars Selling Per C.N'.Z ' (Per L'N.Z. T.T. 3.72 1-16 3.724 o.n 3.72 5-16 3.72? Buying : 0.11. 3.774 3. ♦