AUSTRALIAN BUSINESS

Evening Post, Volume CXIII, Issue 25, 30 January 1932, Page 16

AUSTRALIAN BUSINESS

COLONIAL SUGAR POSITION

SYDNEY, 29th Januai-y.

Australian Consols were slightly firmer to-day, with a tendency by buyers to advance their: limits—mostly early maturing issues were in favour. '

The,-. Prime Minister's announcement hinting at an early revision of the sugar agreement naturally depressed Colonial sugars, which fell to £45 ss, but as the Colonial Sugar .Company haa repeatedly stated, its profits are made from refining, not' as a result of the sugar agreement, it confidently expected that the shares will soon overcome this weakness. Bank of New South Wales fell 2s 6d to £30, and Commercial Banking of Sydney were steady at £16 15s.

Sales were:—United Insurance, £8 12s 6d; Henry Jones, ,28s 3d; Burns, Philp, 39s;'Australian Gas A, £5 15s; Australian Glass, 335; Tooths, 275;. Tooheys, 17s 9dGoldsbrough, Mort., 26s 9d; British Tobacco, .30s; Electrolytic Zinc, pref., 24s 4%d; North Broken Hill, 68s 3d; Mount Lyell, 23s 6d. -

Morning sales: Commonwealth 4 tier 1838, £94 10s; 1944, £93 10s; Bank of New South Wales, £30 2s 6d; Goldsbrough, Mort.j 26a 6d; Winchcombe Carson; 19s 6d; Mount Lyell, 23s 6d; Millaquin Sugar, 26s 6d, ex. .div.

MELBOURNE, 29th January. Early, sales were: Electrolytic Zinc, pref., 24s 6d; Mount Lyell, 23s'3d; Henry Jones, 28s 6d; Zinc Corporation, 31s 3d; Broken Hill Proprietary, 16s 4d; Dunlop Perdriau, 13s sd.