AUSTRALIAN STOCK EXCHANGES

Evening Star, Issue 21992, 30 March 1935, Page 12

AUSTRALIAN STOCK EXCHANGES

Free* Association—By Telegraph—Copyright SYDNEY, March 29. On the Stock Exchange there was a heavier turnover to-day, with a healthier tone in the investment market, bub the drift in the gold share market continued. MORNING SALES.

SOUTH CANTERBURY RAM FAIR GOOD PRICES OBTAINED [Piw Uhitse Press Association. l TIMARTJ, March 29. The annual ram fair held under the auspices of the South Canterbury A. and P. Association to-day proved the best held for many years, prices generally being in advance of those ruling at ram fairs in other parts of the South Island this season. Little interest was taken in stud rams, but there was keen competition for the better classes of flock rams. The upset price was fixed at £2 2s, and there were very few passings. Entries totalled 1,354, against 1,6J4 last year, the strongest class being Romneys, of which 359 came forward. The top price for studs was 12gs. which was paid for a Corriedale ram sold on account of Mr James Reid (Darfield). Border Leicesters and Soutbdowns realised lOgs. In the flock section Borders brought up to 7Jgs, English Leicesters to sJgs, Romneys to lOgs, Corriedales to 7g>, and Southdowns to lOJgs. SOVIET INDUSTRY A substantial increase of production of heavy goods in 1934 is claimed by the ‘ Economic Bulletin ’ of the Russian Soviet Chamber of Commerce. The year is the second of the second Soviet fiveyear plan. The total value of production of all industrial undertakings represented an increase of 19.2 per cent, compared with 1933, and capital investments in all branches of national economy in 1934 showed an increase of 18.2 per cent. Production of coal, iron, and steel, locomotives, trucks, and motor vehicles showed an increase in quantity in the first two years of the second five-pear plan equal to more than the volume of increase achieved in four years and a-half of the first five-year plan. DOLLAR AND FRANC Pres* Association—By Telegraph-Copyright LONDON, March 29. (Received March 30, at noon.) The dollar is quoted at 4.54, and the franc at 73 7-16.,

Commonwealth Bonds — £ B. C 4 p.c., 1938 103 s 9 6 4 p.c., 1941 105 7 4 p.c., 1947 104 10 0 4 p.c.; 1955 105 10 0 4 p.c., 1961 105 7 6 Tooth’s ... 1 7 0 Associated News (pref.) ... 1 2 9 British Tobacco 1 .16 6 Burns, Philp 2 IS 0 Dunlops 0 17 3 AFTERNOON SALES Bank of New South Wales ... 30 0 0 Commercial Bank of Sydney 16 4 0 0 E.S. and A. Bank 5 0 Bank of New . Zealand 2 9 6 Associated News. 1 2 9 (pref.) 1 3 0 Howard Smith 0 14 4 Huddart, Parker 1 1/ 0 Burns, Philp 2 18 0 Burns, Philp South Sea ... 1 5 0 Australian Gas (A) 7 14 0 Tooth’s 2 8 0 Toohey’s 1 7 0 0 0 Dalgetys ••• 8 5 Goldsbrough, Mori. 1 8 Winchcombe. Carson 1 0 5 9 Wilcox, Mofflin S 14 5 General Industries 0 6 G. J. Coles' 2 i» 3 0 Mount Morgan j. Jo Mount Lyell u is 9 n Broken Hill Proprietary ... North Broken Hill (ex. div.) 5 11 0 Kuala Kampar 0 7 2B 18 6 4 0 Rawang Placer Development ... ... Commonwealth Bonds — 103 5 0 4 p.c., 1938 4 p.c., 1941 105 105 7 6 4 p.c., 1944 15 0 4 p.c., 1947 104 13 9 4 p.c., 1953 4 p.c., 1955 4 p.c., 1957 4 p.c., 1961 105 5 105 12 0 6 105 15 0 105 10 0 MELBOURNE, March 29. 0 National Bank (£5 paid) ... 6 5 Australian Glass 2 1 9 3 Goldsbrough, Mort British Tobacco I 8 1 ID 6