SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22468, 11 July 1936, Page 9

SYDNEY EXCHANGE

MARKET AGAIN BUOYANT G„ J. COLES WEAKEN (Received July 10, 7.10 p.m.) SYDNEY, July Hi The Sydney Stock Kxchango was again buoyant to-day, tho principal classified stocks being firmly quoted. G. J. Coles, however, continued to slacken. Bonds were quiet, as were banks and ruining. Sales included:

Comiiuinwealth Bonds.—:i'/, per cent, lins, i'illi ~»s; I per cent, lu.'is, CIOI Ids; lull, £ 1 (L'S (ill; 11117 t'lOll; lll.V) IM O.'i ; C 101 Ills; 1! »r>! > CIO'J MELBOURNE EXCHANGE On the Melho.irnc market homls \ver<; turn anil investments weip in demand fit steady prices. Harriers and tin shares mho more active, and Fijian gold shares vere brisk Business included- —-

LONDON WOOL SALES

ACTIVE COMPETITION CROSSBREDS FREELY BOUGHT LONDON, July !> At the London wool sales to-day 10,117 bales were ollered, including; 6578 New Zealand, and 8689 were sold. The selection was good, consisting largely of New Zealand crossbreds. Competition was active, and the bulk of the offerings sold to the home trade at prices favouring sellers. Slipes were frequently withdrawn. A New Zealand scoured Merino clip, "Algidus," realised 2ld top price, and 22rtd average. BRADFORD TOPS MARKET A SHADE FIRMER LONDON. July t> The Bradford tops market a shade firmer on improved demand, hollowing are to-day's prices and those of recent weeks: — June is .1 nnn July'J July!) Per lb. Per lb. Per lb. Per lb. (1 il (I il i Seventies . Sixty-fours .. Sixties . Wj •'!<> Fifty eights .. -1 1 i 24 - 1 Fifty-sixes .. -<> Fifties .. 1" l l')/a *' Forty-sixes .. 11 ' : ' '/a ]; j/s J;' Fort its .. l's'/a l ;i I,J/ 2 PRICES OF METALS LONDON MARKET FIRM (Received July 10. 7.85 p.m.) LONDON, July 9 Following are to-day's quotations on the London metal market, compared with those of July S; — July » July ti JPer ton I'or ton £ 8 (1 .€ 8 fl Copper, stan., spot 3(5 10 10% 3(5 13 l'/ a Copper, st., 3 itios. 37 1 lO'/a 30 19 W? (Copper, electrolytic 40 17 (J 40 15 0 to to 41 2 6 41 O 0 Copper, elect., wiro bars ..4120 41 O 0 Lead, soft, spot . . 15 10 0 15 7 0 Lead, soft forward 15 13 9 15 10 0 Spelter, spot . . 13 0 3 13 3 9 Spelter, forward 13 11 3 13 8 9 Tin, stall., spot 188 12 0 189 0 0 Tin stan., 3 mos. 18-1 12 6 183 7 fl

GOLD AND SILVER QUOTATIONS IN LONDON (Received July 10. 7.35 p.m.) LONDON. July 0 Fine gold is quoted to-day at £6 19? Id an oat., compared with £'o 19s yesterday. Silver is quoted at 19 11-lGd an 07,. spot and forward, compared with 19 9-1 fid both positions yesterday. The quotation for silver at per fine n-/,. is 21 id, compared with 21 Jd yesterday. The following is a summary of the fluctuation in Iho price per ounce of fine gold this year: £ H (I Highest price. January 2 .. 7 1 4 Lowest price, Juno 17 0 18 3 July •{ ■ • <"118 11 July -I 0 111 0% July <i 0 18 11% July 7 . . (i II) 0 July 8 (i 1!) 0 July 0 . . 0 10 1

NATIONAL BANK DIVIDEND The National Bank of New Zealand. Limited, final dividend of 2 per cent, which is due to-day, will be payable in New Zealand at any branch of the bank at current rate of exchange for demand drafts on London on the date of negotiation. The total dividend for the year is 4 per cent, which, with the exchange added, will give the shareholder in New Zealand a return of £1 18s I Oil per cent. The bank shows its capital anil reserves as lollows: —Subscribed capital, £6,000,000; paid capital, £2,000,000; reserve fund (invested in Government securities), £l,000,U0o; currency reserve (invested in Government securities), £">00,000; reserve liability of shareholders, £6.000,000. In addition, there - are undivided profits carried forward "f £li:U>o!>. In the balance-sheet, liquid assets stand at £7,61.5,000. equivalent to 10s in the pound of total liabilities to the public, and for every CI of its own funds the bank is holding £4 4s 9d of the public's money. WHEAT IN CHICAGO CHICAGO, July v Wheat.—Futures: July, 1 dollar 6* cents a bushel; September, 1 dollar 6i cents; December, 1 dollar cents.

C s d Hank Nrw South Wale? . :i:i 17 0 Australian Gas (A) . . 10 0 Ditto 7 m 0 I'oohry's 1 11 (i Tooth's 1 :t \nthony llordern ! d 1 s 10% Associated News l a (5 Dillo (pref.) i :s lO'/j Australian (; lass •1 l'j 0 Australian Steel (pref.) I (i xy 2 Hritish Tobacco . . o i o Hroken Hill Proprietary 5 14 <) Cash Orders i s (! Colonial Sugar . . in 17 (> Commonwealth Wool 0 17 !) I'riiff Houses \ 10 f> Hunlop- IVnlriau <) 1!) 0 .Kdwarls Duulop ■1 0 Hloct rot.vt ic Zinc •_> 1) •I (J. .1 C.olep •1 a fi General I ndustries . . 1 0 0 Ilenr.v Jones . . o a (* IIiime Pipe . r I 1% J. I'ieldintr 3 is n James Stedman 0 III 0 .Mark I'oy I S 0 Milhi(|iiin Siijjrar •J 1 <; Wool wort lis (Sydney* a Hi <» Ditto r> 17 (i Varra Falls . •J 0 a Kuala Kampar . . (1 11 7 North Hroken ilill .. !> () (i Placer Development "> r> 0 South lirokeu Mil! Tavua (1 i:i i 0 III

£ s rl Commercial Bank Australia . (i is 1 l 12., S. and \ Bank (i •1 0 National Hank ( t5 paid) .. 7 i 0 Goldsfiroujrh-Mort 1 ll il Adelaide Steam 1 10 7 1 /, Howard Smith 0 1!) 0 Kauri Timber 1 ;i 10 Carlton Hrewer.v '2 17 0 British ToIiiuto 'J t 7Va Iiroken Hill Proprietary 3 ll !) bunlop-Perdriau 0 19 0 Lleetrolytic: Zinc t! (1 (i Ditto (pref.) 'J 2 !) 0. J. Coles •t a 3 United Provisions 0 ll 10 Varra Falls o 0 a I I Emperor 0 15 Loloma 1 a •1/3 Mount Lyell . 1 () Mount Morgan 0 15 i) North Broken Hill.. 8 1!) G South Broken Hill 5 12 f> Zinc Corporation (ex div.) .. 4 0 a