Great Activity on Australian Exchanges

Horowhenua Chronicle, 7 September 1932, Page 3

Great Activity on Australian Exchanges

EFFECT OF INCREASE IN COMMODITY PRICES Received Tuesday, 9.30 p.m. SYDNEY, !Sept. 6. On the Stock Exchange extremely buoyant conditions ruled to-day, almost every stock sales board showing a •further rise on yesterday’s improved rates. Bonds touched the highest level since the conversion operation last year and buyers were prepared to raise their limits for bank, steam, insurance, gas, pastoral and sound industrial shares. The buoyancy was due chiefly to the marked improvement in commodity prices abroad, and the further advance in wool values and the rise in metal prices, tin being the best price since April, 1930. Quotations: Bank of New South Wales, Commercial Bank (Sydney), £l7 3s 6d; Commercial Australia, 17s 7d; Bank of New Zealand, 52s 6d; National (£5 paid), 1265; Colonial Sugar, 50J; Colonial Sugar, 505; United Insurance, 85; Mercantile Mutual Insurance, 19s 6d; Adelaide Steam, 22s 3d; Howard, Smith, lls: Millaquin Sugar, 25s 10id; Fairymead Sugar, 23s 6d; Goldsbrough’s, 28s 104<J; Austral Gas, ‘A,’ 65d; Austral Glass, 44s 6d; Tooth’s, 32s Gd; Toohcy’s, 21s; British Tobacco, 33s 9d; Dunlop Pcrdriau, 16s 4£d; Electrolytic Zinc, 20s; Zinc Corporation, 33s 74d; Broken Hill Pty., 22s 10id; South Brokens, 53s 9d; Norths, 78s; Mt. Lyell, 24s 9d. Bonds: Four per cents., 1938, £100; 1944, £100; 1947, , £IOO 5s 8d; 1950, 995; 1953, 995; 1957, 995; 1961, 10QJ. MELBOURNE, Sept. 6. There was heavy buying at early calls with all-round advances. There was so much business at the early call which extended for two hours that it became necessary to abandon the noon call. There was very heavy trading in gold shares and bbnds. - Quotations: Commercial Bank Australia, 17s 9d; Commercial Bank Australia (pref.), £8 4s; National (£5 paid), £6 6s; Goldsbrough, 2Ss 9d; Younghusband, 30s 6d; British Tobacco, 345; Herald-Times, 535; Dunlop, Perd riau, 16s 8d; Electrolytic Zinc, 20s; Electrolytic Zinc (prof.), 31s 9d; Millaquin Sugar, 265; Gordon, Gotch, 29s 9d; North Brokens, 775; Souths, 545; Mt. Lyell, 24s 6d. Metal Prices Still Rising LONDON, Sept. 5. Metal prices are still rising.