AUSTRALIAN STOCKS

Hawke's Bay Tribune, Volume XXII, Issue 153, 14 June 1932, Page 9

AUSTRALIAN STOCKS

A HEALTHY TONE. Sydney, June 13. Although prices weakened for many stocks which were overbought last week, there was a healthy tone on the stock market to-day. Considerable profit-taking occurred at the latter end of last week, many speculators waiting until to-day before placing selling orders. Buyers were inclined to be cautious in the hope that heavy selling would result in their getting stocks gt good concessions, but as the market returns to normal and with increased confidence from the elections a strong tone is likely to develop Banks were firm er to-day, but Commonwealth bonds were unsteady. Sales. —Commercial Bank of Sydney £l7, Commercial Bank of Australia 15s 3d, Bank of Now South Wales £2B 15s, National Bank (£lO paid) £ll 12s 6d, National (£5 paid) £5 12s 6d, Colonial Sugar £46 ss, United Insurance £8 2s fid, Australian Gas A £5 17s 6d, I’ooheys 19s 3d, Tooths £1 9s 3d Howard Smith 8s 2d. British Tobacco £1 11s 6d. Fairymead Sugar £1 3s 6d. Millaquin Sugar £1 5s 6d, Dunlop Per driau 12s 4d, Goldsbroughs £1 4s l|d. Winchombe Carson 19s, Australian Glass £2, Broken Hill Proprietary 1R“ 41d, South Brokens £1 19s 9d. Commonwealth Bonds. — Four per cents. 1938 £95 10s, 1941 £92 is 6d. 1944 £9l 3s 6d, 1947 £9l ss, 1950 £9l 2s 6d, 1952 £9l 8s 9d, 1955 £92; bonds 31 per cent. 1947 £B9 10s. Melbourne. — Commercial Bank of Australia 15s Id, National Bank (£lO paid) £ll 10s, Metropolitan Gas £5 7s. Australian Glass £2, Electrolytic Zine (pref.) £1 Ils, Gordon and Gotch £1 7s, Nestles (pref.) £.l 9s 6d.