AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXI, Issue 21972, 1 December 1934, Page 7

AUSTRALIAN EXCHANGES

THE SYDNEY MARKET INDUSTRIAL SHARES FIRM (Received November 30, 8.10 p.m.) SYDNEY, Nov. 30 On the Sydney Stock l'.xch i.nge today leading industrial securities continued very firm. Pastoral shares recovered ground. Banks were generally steady, but gilt-edged securities were sagging. This morning's sales included: —Commonwealth 4 per cent bonds: 1947. £109; Toohey's Brewery, 28s 9d; Anthony Hordern, 18s; Associated News, preference, 25s IJd; Automatic Totalisator, New Zealand delivery, 21s 4£d; British Tobacco, 42s 9d; Broken Hill Proprietary, 53s 9tl; Dunlop-Per-driau, 20s; Goldsbrough-Mort, 30s; Meggitts, 225. Later sales included:—Bank of New South Wales, £33; Commercial Bank of Sydney, £l7 _18s; United Insurance, £ll 7s; Associated News, 25s 6d; Burns-Philp, 58s Gd; Burns-Philp, South Sea, 24s 3d; British Tobacco, 42s Pd» Tooth's Brewery, 51s; ditto, New Zealand delivery, 50s 9d; Automatic' Totalisator, New Zealand delivery, 21s 4id; Australian Iron and Steel, preference, 23s 4 id; Australian Glass, 625; Goldsbrough-Mort, 30s; ditto, New Zealand delivery, 29s 10£ d; Wilcox-Mofflin, 10s; David Jones, 425; Anthony Hordern, 18s; Standard Cement, 18s 6d; Mount Morgan, 35s 6d; Broken Hill Proprietary, 53s 3d; South Broken Hill, 80s 6d; Kuala Kampar, 13s 6d; Rawang, 8s 4d; Kuratha Gold, 6s 9d. Commonwealth 4 per cent bonds: 1938, £lO6 ss; 1911, £106; 1944, £lO7 13s 9d; 1950, £lll ss; 1953, £lll 7s 6d; 1955, £lll 10s; 1957, £110; 1959, £lll 10s.

Melbourne sales included: —National Bank of Australasia, £lO paid, £l2 lis; North Broken Hill, £5 3s.

GRAIN PRICES FIXED ACTION IN ARGENTINA (■Received November 30, 9.15 p.m.) ( BUENOS AIRES, Nov. 29 The Ministry of Agriculture has issued a decree re-establishing for the new crop year the basic prices of grains originally established in November, 1933, when the Government initiated its grain-buying programme. The price of wheat is set at 5.175 pesos per cwt., equivalent to 1 dollar 68 cents per 2201b. The decree authorised the Grain Control Board to purchase on the Government's account when necessary to maintain prices. Senor Luis Duhau, Minister of Agriculture, announced that the Grain Board in the last year had purchased 4,000,000 tons of wheat, equivalent to 75 per cent of the amount exported. All but 153,000 tons wdro sold, and the board's losses amounted to only 8,000,000 pesos. PRICES OF METALS TIN QUOTATIONS LOWER (Received November 30, 6.50 p.m.) LONDON, Nov. 29 Following are to-day's quotations on the London metal market compared with those of November 28: —

GOLD AND SILVER QUOTATIONS IN LONDON (Received November 30. 7.15 p.m.) LONDON. Nov. 29 Fine gold is quoted to-day at £6 19s 6d an oz., compared with £6 19s 7jd yesterday. Silver is quoted at 21 11-16 d an oz. spot and 24 13-16 d forward, compared with 215(1 and 21 id yesterday. The quotation for silver at per line 07,. is 2(3id, compared with 26 9-16 d yesterdaj'. Following is a summary of the fluctuations in the price per ounce of fine gold this year: — Highest price, October 11 .. 7 3 3 Lowest price, January 9 .. 6 6 8J November 22 .. .. .. 6 19 2 November 24 6 19 5 November 2G .. .. .. 6 19 6 November 27.. .. .. 6 19 4 November 28 .. .. .. 619 75 November 29 .. .. .. 619 6 C. J. GREEN'S MONTHLY REPORT C. J. Green, Limited, stock and sharebrokers, report the following sales for the month ended November 30:— Debentures. —Inscribed stock, 4 per cent, 15/1 /10, £105; 15/2/40, £109; 15/6/55, £ll2 2s 6d; 3 V per cent, j 15/5/52, £lO6. Bonds., 4 per cent, I 15/1/40, £lO3 10s; 15/2/46, £104; I 15/4/49, £lO6 10s; 15/6/55, £ll2 10s. j Miscellaneous. Amalgamated Tex- i tiles (Aus.), 12s lOd, 13s; Associated Motorists' Petrol, 21s; Bank N.Z., ord., 48s 9d; I) mtge., 33s 6d, 33s 3d, 33s 2d; Birkenhead and Northcoto Gas, ord., 15s 6d; Broken Hill Pty.

(cum div.), 51s, 51s 6d, 50s 6d; ex div., 51s, 525, 52s 6d, 535, 53s 9d; Claude Neon (Svd.), 47s 6d, 50s, 535, 54s 3d, 555, 54s 3d, 52s Gd, 525, 51s 6d, 51s 9d, 51s 6d, 525, 51s 6d, 525, 51s 6d, 51s 9d; Commercial Bank, 16s; Consolidated Brick and Tile, 10s 9d; Dominion Breweries, lis 2d, lis 6d,

lis 4d, lis, lis Id; Eldorado, 21s 6d; Farmer and Company (Sydney), 265; Farmers' Trading, ord., 7s 2d, 6s lid, 7s, 7s 3d, odd lots, 6s, 6s 6d; Glaxo Manufacturing Company (N.Z.), pref., 17s; Loyal, Limited, pref., 20s 6d; Milne and Ohovce (deb. stock), 19s 6d, 19s 3d (odd lot), 19s; National Toliacco, 70s, 70s 6d, 70s; New Zealand Insurance, 69s Gd (odd lot), 69s 3d; New Zealand Perpetual Forests, 43s Gd, 425; Oamaru Woollen (odd lot), 8s; Reserve Hank, £G 12s; Silknit (N.Z.), (2), 32s 9d; Tru-Color Film, pref. (13s paid), 255, 265; Timberlands Woodpulp (ord.), 455; Williams Rotary, Is, Is 3d, Is 4d, Is 2d, Is; Woolworths (Sydney), ord., 755, 75s 3d, 755, 75s 6d, 75s 3d, 75s 6d; Woolworths (Sydney), Ist pref., 41s, 425, 42s 6d; 2nd prof., 27s 9d, 28s; Woolworths (N.Z.), Ist pref., 41s 3d; Woolworths (Victoria), pref., 28s. Mining.—Alexander (con.}, 15s; Blackwater, 33s 6d, 325, 33s 4d; BellKilgour, 2d; Golconda (lOd paid), 6*d; Hauraki Consolidated, Is; King Solomon, 3s 9d, 3s 9sd, 3s 9d; Mataki, 2s 6d, 2s 6}d; Waihi, 39s 2d, 39s 4d, 39s 6d, 39s 8d; Waihi Grand Junction, 4s 3.\d, 4s 3d, 4s 8d; Saddle, 6d; Skippers, 7d.

MELBOURNE PRODUCE MELBOURNE. Nov. 30 Following are. to-day's quotations on the Melbourno produce market:— Wheat. 2s O.fd, Flour, £7. Bran, £1 15s. Pollard, £5. Oats, dull, Is lOd to Is lid. Barley, English, 2s lOd to 3s 2d. Maize, 3s 7d. Potatoes, rcdsoils, £5 to £5 10s. Onions are quiet; Globes, £6 to £6 ss; Brown Spanish, £5 to £5 10s.

Nov. 29 Nov. 28 Per ton Per ton £ s d £ 8 d Copper, stan., spot . . 27 5 0 27 10 7i Copper, stan., 3 mos. 27 11 10J 27 10 7} Copper, electrolytic . . 30 10 0 to 30 10 to 0 30 15 0 31 0 0 Copper, elec., wire bars 30 15 0 31 0 0 Lead, soft, spot 10 13 9 1(5 15 0 Lead, soft, forward .. 10 13 9 10 13 9 Spelter, spot . . 11 18 9 11 18 9 Spelter, forward 12 5 0 12 5 0 Tin, stan., spot, Tin, stan., 3 mos. 229 13 9 229 16 3 229 2 6 229 17 6