SYDNEY STOCK EXCHANGE

Evening Post, Volume CXVIII, Issue 121, 19 November 1934, Page 11

SYDNEY STOCK EXCHANGE

(J3y Telegraph.—Press Assn.—Copyright.)

(Received November 19, 2.30 p.m.)

' SYDNEY, This Day. Sales on the Sydney Stock Exchange included:—4 per cent, bonds (1938), £307 ss; 4 per cent. 1941, £106 15s; 4 per cent. 1944, £107 17s 6d; 4 per cent., 1953, £112 2s Gd; 4 per cent., 1D37,»£U0 17s 6d; 4 per cent., 1959, £111 ss; 4 per cent., 1901, £111 ISs; Commercial Banking Co. of Sydney, £]7 18s; Associated News, 25s 6d; Broken Hill Proprietary, 51g 6d; Dunlop-Perdriau Rubber, 20s; Goldsbrough, Mort, 31s; Howard Smith, 10s 6d; James Stedman, 10s 3d.

underwriting charge is to. 'be only 2s 6d per dent.,'compared with a-former all-round charge of-10s. pencent:'" Tho portion to be' used for the redemption - } of ■- -.Treasury < -bills, is £2,750,000. 'The''rest' of'the" loan, £12,250,00.0, is-for public works and relief of rural .debt: (the' latter in the same category-as New.Zealand's new mortgage' corporation). 1 Under the system that' has hitherto obtained in Australia in the short-term division,' Treasury .bills have been taken up by tho trading "banks,- as well as by the, Commonwealth Bank., "It is iunderstood that,business-houses outside tho banks, and among them' especially insurance and life assurance companies which often havo' large sums of money for"which permanent investment is not immediately available, desire to participate in the bills, and it is thought that by inviting thoni to do so tho competition thereby engendered would make the issuing oi' the bills cheaper for the Governments concerned.''