AUSTRALIAN EXCHANGES

Gisborne Herald, Volume LXVIII, Issue 20630, 11 August 1941, Page 2

AUSTRALIAN EXCHANGES

(Elec. Tel. Copyright—United Press Assn.) SYDNEY, Aug. 8. Tho upward trend in the prices of industrial shares was maintained on the Stock Exchange to-day, with business well distributed. Sales included:—Broken Hill Pty., 38s Id ; Bonds Industries, 28s 3d; Felt and Textioles, 40s 3d; Coles, 64s 6d; Claude Neon, 22s Gd; Stedmnu, 13s 9d; Newbold, 25s 6d; Adams, 15s 3d; Woolworths (Syd.), 17s Id; General Industries, 18s 6d; Mauri Bros., 66s Jd; Electrolytic Zinc (pref.), 545. Melbourne sales included:—l.C.l. (pref.), 24s 6d; Dunlop-Perdriau. 22s Id; Australian Foundation Investment Trust, 3s 9d; Electrolytic Zinc (rights), 29s sd; 031 Search, 5s 4d; Broken Hill South, 265. WHEAT CONTROL PLAN (Reed. Aug. 11, 9 a.m.) NEW YORK, Aug. 9. The Journal of Commerce, in an editorial to-day on the world wheat control plan, says: "The treaty as drafted set up the world as an evcr-normal granary, providing a huge stock for post-war relief, as well as establishing export quotas and reduction programmes for Australia, Argentina, Canada and the United States, which is relatively easy, hut financing storage and postwar distribution are greater problems." The editorial ends with approving the reference to development as "this broader relationship.'* CANADA’S WHEAT CROP (Reed. Ails'. 11. 9 a.m.) OTTAWA, Auk. 9. Tho Government's revised estimate puts Canada’s 1941 wheat crop at 275,000,000 bushels, slightly less than half last year’s crop.