WEAK MARKETS

Evening Post, Volume CXXVIII, Issue 30, 4 August 1939, Page 12

WEAK MARKETS

SYDNEY STOCK EXCHANGE

(By Telegraph—Press Association—Copyright.) SYDNEY, August 3.

The weaker tendency noted on the Sydney Stock Exchange yesterday was more pronounced today consequent on the local political uncertainty and the prospect, of higher Federal and State taxation. The immediate outlook in business circles is unpromising. Excellent rains throughout the State, however, have assured a bumper harvest and a splendid wool season. Sales included:— £ s. d. Bank of New South Wales . 28 7 0 Colonial Sugar 44 15 0 Associated Newspapers . . 0 lj! 0 Assoc. Newspapers (pref.) 1 16 Howard Smith 0 19 H Huddart Parker 2 13 0 British Tobacco 2 6 3 G. J. Coles 3 11 3 Woolworths. Ltd 1 2 0 Australian Consol. Industries 1 16 0 Anthony Hordern 0 13 5 Mort's Dock 0 15 3 J. Fielding 3 19 0 Bradford Cotton 1 19 0 Edwards Dunlop 2 8 6 W. Adams 0 15 6 Cash Orders 0 16 6 J. McGrath ....'. 1 13 6 Gordon and Gotch 2 13 0 Morris Hedstrom - 1 5 3 Henry Jones Co-op 2 10 0 Zinc Corporation 4 3 G Broken Hill Pty 3 2 1 North Broken Hill 2 5 6 Broken Hill South 1 6 0 Larut Tin „ 0 5 4 Arahura 1 7 0 MELBOURNE, August 3. Sales on the Melbourne Stock Exchange today included:— £ s. d. Nat. Bank of Aust. (£5 pd.) 6 5 0 Huddart. Parker 2 13 0 Australian Cement 1 19 0 Dunlop-Perdriau 019 7 1 Howard Smith 0 19 0 Carlton Brewery 3 9 9 Kauri Timber 1 1 0 Felt and Textiles 110 4 Mount Morgan 0 9 3 Emperor 0 10 4 Loloma 1 5 7 Broken Hill Pty 3 2 9 North Broken Hill 2 5 6