AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22955, 5 February 1938, Page 11

AUSTRALIAN EXCHANGES

MARKETS GENERALLY FIRM EASINESS IN INDUSTRIALS (Received February f, 8 p.m.) SYDNEY, Feb. -I Apart from a sharp drop in the selling quotation of Carrier, Australasia. Limited, shares, owing to an anticipation of a trading loss for the year, the investment market on the Sydney Stock Exchange to-day was devoid of special interest. The tone of the market generally was firm. Sales included: i s (I Commercial Bank Aust. o 17 (I Commercial Bunking Sydney 'Jo - 0 United Insurance . . . . o 15 (I C!o!iirfbroUb'a-Mort .. .. 11l (! Ditto (N.Z. deliv.) .. 1 II 15 Wilcox Mofflin .. .. O .10 o Australian Gas (A) . . 7 S <j Toolieys Brewery .. .. .111 'l'ooths .. .. 15 u Anthony llordern . . n is j» Associated Newspapers .. 1 'J 7 1 / i Australian Class .. .. -11 l !* British Tobacco . . 'J .10 :t Broken Hill Proprietary .. ;i H Ditto (N.Z. deliv.) . . 0 Barns, Philp . . . . ' 2 IU o Colonial Sugar .. .. •!<> 15 •> Ditto -1(1 .17 (i Dualop-Perdriau ■ . . . . 1 it (i Greater J. D. Williams .. o 5 n -sfeG. J. Coles I 1 (i "sfPHcnry Jones .. .. H n (t I\amlos Cement . . . . 1 (i o Mauri Brothers . . . . 15 I-' (i United Provisions .. . . 0 7 0 Wunderlirb .. .. 1 o (I Broken Hill South .. ..lit U Loloma . . . . . . O 17 II Mount Morgan . . 0 o S North Broken Hill . . . . - 1- 0 Hiiwanfi Tin .. 0 P It Zinc Corporation . . 5 8 0 Commonwealth Bonds.—l per cent, UMI, .€ III.'! T_»s «d; 1050, £lO5 17s (id; 11)50, £lO5 (is rtd. MELBOURNE EXCHANGE On the Melbourne market bonds were steady, but the sharp drop on Wall Street brought an easier tone in industrials and Barriers. Carriers, Australasia. Limited, were marked down on the announcement by the directors that no dividend would be paid. Cold sluues. also are easier. Business included: — £' s d Commercial Bank Aust. .. o 1(» 11 Aust. Investment Trust . . (> (i - Aust. Paper Manfrs. (pref.) I 5 o B*oken Hill Proprietary . . it 'J 0 Ditto (5s paid) .. .. 1 in (i Dunlop-Perdri iu . . . . 1 :t (i Ditto (pref.) . . . . lis o Electronic Zinc .. .. '2 8 () Ditto (pref.) .. .. 2 10 it G. ,T. Coles 110 Broken llili South . . .. 11l (i Empetor . . . . . . 0 I'.' 2 Loloma .. .. .. 0 17 10 Mount Lyell .. .. ill o North Broken Hill . . . . 2 l'J !> Zinc Corporation ~ .. 0 0 0 STATISTICS OF TIN INVISIBLE SUPPLIES REPORTED INCREASES DON DON, Feb. 3 The statistical position of tin at the end of January, compared with that of previous months was:— Nov. Dec. Jnn. 'Tons Tons Tons World visible supplies . .. 18,007 10, fill 10,8:51 Straits' carry-over M,fi7(i I,:!SS <i,i:w Supplies received . lo,"_>Ss <]o,<>•_>!) 7,430 Deliveries . .. lO.liiW !),o.v_' 1 The favourable tin statistics, showing a decline in world stocks, had little effect on the market as the monthly figures now are regarded as artificial and misleading. Invisible stocks in United States unofficial warehouses and elsewhere are believed to he increasing rather fast. Some quarters estimate them at 12,000 tons.

PRICES OF METALS AN EASIER TENDENCY LONDON. Feb. 3 Following aro to-day's quotations on tho London metal market, compared ■with those of February 2: — Feb. 3 Feb. 2 Per ion I'.cr ton .C 8 d £' s (1 Copper, stan.. spot 30 0 3 3!) 1(1 10 l A Copper, st., 3 mos. 30 10 714 <lO 3 10% Copper, electrolytic 43 15 0 44 5 0. to to 44 5 0 41 15 0 Copper, elect., wire ' bars .. • • 44 5 0 44 lo 0 Lead, soft, spot . . 15 13 lVa 15 15 7% Load, soft, forward 35 I'i 3 35 11) 4/ 3 Spelter, spot .. 34 11 10% 14 10 3 Spelter, forward .. 14 10 IOVi 15 0 O Tin, stan., spot 180 12 0 IS2 2 0 Tin, stan., 3 mos. 180 13 0 182 10 0 GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Feb. 3 Fine gold is quoted to-day nt £6 19s lOd an o/.., compared with £6 19s 9d yesterday. Silver is quoted at 21& d an oz. spot and 21 Jd forward, compared with 20 3-16 d and 19Jd yesterday. The quotation for silver at per fine oz. is 21 11-lGd, compared with 21 13-16 d yesterday. Tho following is a summary of the fluctuation in tho price per ounco of fine gold this year:— , £ a d Hißhcst .price, February 3 .. (> 10 10 Lowest, price, January 3 0 10 5 January 2H .. .. .. 010 fiV 2 January 20 .. .. ..0 1(1 7 Januufy 31 .. .. •• H 11) (J February 1 .. .. •• 010 7 February 2 .. .. .. 010 0 February 3 .. .. .. 610 10 IRON AND STEEL AUSTRALIAN EXPORTS SYDNEY, Feb. 4 An increase in iron and steel exports fro n't the port of Newcastle from 790,10.4 cut, in IMG to 1,088,725 in 11)37 is shown in the annual Customs statistics released by the Sub-Collector of Custdtns, at Newcastle. Tho increase could have been much heavier but for tho severe voluntary restrictions imposed upon themselves by tho district's heavy industries in tho interests of Australian customers. The principal exports permitted have been to Now Zealand which, with the steel shortage overseas, is almost completely dependent upon Australia for its iron and steel requirements. N.Z. SHIPPING COMPANY PAST YEAR'S OPERATIONS The accounts of tho New Zealand j Shipping Company, Limited, for tho year to September .'3O, 1937, show that after including the balance of £77,008 brought in and providing for a full year's dividend on the preference shales and" on the ordinary shares (already declared), there remains a balance of £84,102. reports the Syren and Shipping. Directors' fees tako £3782, which leaves £80,320 to bo carried forward. The bnlanec-shcot shows the cnpital unchanged at £1,133.400, reserve fund £IOO.OOO (unchanged), insurance fund £120,000 (unchanged), amounts duo by the company, sundry balances, contingency reserves, and provision for taxation, £3,413,279 (£3,666,581'), and amount due to subsidiary company £1,580.943 (£1,043,650) On the other side, the fleet is valued nt £2.031.084 (Cl.7o0.090), property and plant £228,350 (£254,805), investments £600,000 (unchanged), consumable i stores £17,380 (£16,118). unexpired insurance premiums £33,535 (£31.639), amounts due. sundry balances, and cash £3,245,453 (£3,214,728).