AUSTRALIAN STOCK EXCHANGES

Evening Star, Issue 22719, 5 August 1937, Page 9

AUSTRALIAN STOCK EXCHANGES

Press Association—By Telegraph—Copyright SYDNEY, August 4. Tire encouraging trend of company profits revealed in recent balance sheets was again reflected in a firmer trend in several leading industrials on the Stock Exchange to-day. Other sections of the market were steadier.

MELBOURNE, August 4. Investment and trading arc light, with prices steady. The principal gold stocks are higher, £ s. d.

HOPE OF A LEVY BRITISH DAIRY IMPORTS Mr Thomas Baxter, chairman of the British Milk Marketing Board, addressing a gathering ot 700 milk producers at Westminster last month, expressed the hope that when the Government’s long-term policy for the milk industry was announced, the board’s repeated requests for the principle of a levy subsidy on imported dairy produce would be incorporated in it. Ho expected that the Government would as an interim measure further extend the Milk Act, 1934 (duo to expire at the end of September), to cover the period up to the introduction of a long-term policy. NEW ZEALAND TIMBER PRICES WHY THEY WERE RAISED Mr C. C. Odlin, of Wellington, director of the C. and A. Odlin Timber and Hardware Company, Wellington, in an interview given to the ‘ Sydney Morning Herald,’ is reported to have said that with the reduction of hours in the trade from 48 to 40 a week, prices of timber had increased by about 20 per cent. Speculative builders had been retarded by tlic Government’s bousing schemes. Government regulation of building costs bad not done very much good, and recently the Government had to accede to requests for higher prices.

£ s. d. Bank of New South Wales 34 12 6 Commercial Bank of Australia 0 18 9 National Bank (£10 paid) 15 (i 0 Australian Gas ,(A) 77 6 Australian Gas (B) 7 8 0 Bcrlei 2 0 0 British Tobacco ... 2 1 0 Cedes 5 2 0 Australian Glass 4 15 0 Dunlop Perdriau 1 4 4i Morris Hedstrom 1 10 0 Henry Jones 2 11 0 W. 11. Carpenter 2 5 3 Mark Foy 1 C 3 Kandos 1 6 0 Hume Pipe 1 0 0 Goodyear (prof.) 1 13 3 United Provisions 0 10 10 Electrolytic Zinc (New Zealand delivery) ... 2 IS 9 Electrolytic Zinc (pref.) ... 2 19 0 Mount Morgan ... 0 12 5 Mount Lyell 2 3 6 Kuala Kampar ... 1 3 7* Rawang ... 0 12 7 Placer Development 4 O 0

Commercial Bank of Australia ... 0 18 8 National Bank (£5 paid) 7 7 0 National Bank (£10 paid) 15 4 0 British Tobacco 2 10 9 Carlton Brewery 7 G Coles . 5 2 0 Australian Glass 4 15 0 Dunlop Perdriau 1 4 3 Hume Pipe 1 0 0 Electrolytic Zinc (pref.) ... 2 19 3 Felt and Textiles 2 0 H Jason Investment Trust ... 0 10 6 National Reliance Investment Trust 0 13 8 Mount Lyell ... ... 2 3 6 Broken Hill Proprietary ... 4 4 3 North Broken Hill 3 10 0 South Broken Hill 2 9 3 Zinc Corporation 7 7. 0 Emperor 0 10 3 Lolonui ... 1 3 ■ G