WEAK AND NERVOUS

Dominion, Volume 32, Issue 282, 26 August 1939, Page 14

WEAK AND NERVOUS

Australian Share Markets

By Telegraph.—Press Assn.—Copyright. (Received August 25, 9.20 p.mj SYDNEY, August 25. The Sydney investment market today was weak and nervous, but there was panic selling. Quotations for the more favoured stocks were largely nominal. There were some bargain hunters in the market, but members of the Sydney Stock Exchange had been officially requested to refrain from bearish operation. Broken Hill Proprietary underwent rapid changes, and the shares rose steeply from 55/- in the morning to 64/- in the afternoon. Sales included: — £ a. d.

Morning sales included: Commonwealth bonds, 3| per wilt, 1942 £99 15/-; 3J per cent.., 1951, £9B/7/6; 3 <-8 per cent... 1954, £99/5/-; 3 7-8 per cent., 1955, £99/2/6; 4 per cent., 1941, £lOO/18/9; 4 per cent., 1944, £101; -1 per cent... 1950, £99/15/-: 4 per cent., 1953, £100; 4 per cent-., 1955. £lOO/6/3; 4 per cent., 1957, £lOO/7/6; 4 per cent., 1959, £lOO/7/6; 4 per cent., 1961, £lOl 2/6; Tooths, 48/-; Broken Hill Proprietary, 55/3; Drug Houses, 21/G; Huddart Parker, 54/-. MELBOURNE. August 25. Sales on the Stock Exchange of Mel-

Okarito Gold Dredge

Tbe total gold won by Okarito Five Mile Beach Gold Dredging Co.. Ltd., from its claim in South Westland during the year ended June 30 at 12790 z. was greater than any annual total since 1935, while the price obtained, £7/17/5 an ounce, was the highest average price yet realised.

Operations resulted in a net profit of £4439, against £2638 in the previous year. The dividend of -Id. a share paid in August, 1938, absorbed £2333. After providing £ll5 for income tax and Writing off £205 expenditure on boring, a balance of £3009 remained in the profit and loss account. Against this balance a dividend of 10 per cent, was paid on July 22. During the year the dredge operated on a wide face extending from the centre of the claim to the edge of the lagoon. This ground, while not. particularly rich, proved to be reasonably consistent in values. The improved result for the year was due also to a reduction in lost dredging time.

The boring of the ground adjoining the north end of the claim on the lagoon side was completed early in the year. It was evident that payable ground does not exist in that area.

Price Of Beet Sugar

By Telegraph.—Press Assn.—Copyright. TON-DON, August 24. Beet -sugar is quoted at 7/- a cwt., com pared with 6/8 last week.

Bank o£ New South Wales 0 0 Commercial Bank of Sydney 17 tj 0 Colonial Sugar 43 0 0 Associated News 0 17 3 Howard Smith 0 18 3 Australian Gas, A, old .... 17 G British Tobacco 4 0 Woolworths, Ltd. 1 0 Australian Consol. Industries? 1 12 0 Ditto, rights 0 D 0 Dunlop-Perdriau 0 17 9 General Industries 0 .18 4 Mort’s Dock 0 13 9 J. Fielding, ex. div 3 13 0 0 10 6 Bradford Cotton 1 18 0 Cash Orders 0 lo 3 Henry Jones 2 0 0 Electrolytic Zinc I 9 Ditto, pref 9 6 Mount Lyell 1 4 8 0 Mount Morgan 0 0 Broken Hill Pty 3 4 0 North Broken Hill «-/ 1 Broken Hill South ........ 1 4 6 Austral N.Z. Gold 1 1 0

bourne today included : — £ S. (1. Bank of Australasia 8 0 0 Comm. Bank of Australia .. 0 14 1 Herald and Times w 18 6 Australian Paper Mfrs., pref. 1 3 9 Claude Neon 1. 7 0 1 1 10 Dunlop Perdriau 0 17 8 Imperia] Chemicals, pref. .. 1 I 3 0 10 3 Cr .T Coles 8 6 0 18 6 Emperor Mines .......... 0 8 5 1 2 3 1 4 0 North Broken Hill .1 9 Electrolytic Zinc — 9 0