AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23061, 11 June 1938, Page 11

AUSTRALIAN EXCHANGES

ACTIVE TRADING GOVERNMENT LOANS FIRMER (Received June 10, 7.45 p.m.) SYDNEY, June 10 Trading conditions on the Sydney Stock Exchange to-day were fairly active, with a brighter tone than yesterday. Taranaki Oils were again a feature, opening at 12s 3d and closing weaker at lis 9d. Government loans were firmer. Sales included: — £ 8 d Commercial Banking, Sydney 20 15 0 Ditto 20 11 0 Bank New South Wales 32 0 O Nat. Bank A'asia (£5) 6 U 0 Bankers and Traders Insur. 111 8 Tooth's Breweries .. 2 14 tj Ditto 2 14 9 Toohe.v's .. • . .. 1 11 ® Associated Newspapers .. 1 1 o Ditto 10 10% Ditto (pref.) .. .. 13 6 Anthony Hordern .. 017 0 Aust. iron and Steel (pref.) 1 I ® Berlei 2 0 8 British Tobacco .. .. 2 8 0 Ditto (pref.) .. .. 110 6 Broken Hill Proprietary .. 3 0 0 Ditto 2 10 9 Burns. Phllp .. .. 2 12 9 Colonial Sugar .. .. 47 35 0 Ditto 47 12 0 Dunlop-Perdriau .. .. 1 010 Electrolytic Zinc .. .. 116 10/ a Ditto 1 10 6 Ditto (N.Z. delivery) .. 116 6 Ditto (pref.) . . . • 2 10 Goodyear Tyre (pref.) .. 112 6 Kandos Cement .. •. l 9 0 Ditto 1 4 9 Morts Dock 011 1 Sargents . . . - - • J X ?i/ Standard Cement .. • • Ditto (N.Z. delivory) .. l 0 2 Taranaki Oil • • • • 011 ® United Provisions .. .. 0 6 5 Victoria Nyanza Sugar .. 015 O Waldas Shoes .. . • 0 7 9 William Adams . • • • 015 10/ a Woolworths (Sydney) .. 10 9 Commonwealth Bonds.—4 per cent, 1941, £101; 1944, £lOl 15s; 1950, £lO3 6s 3d. MELBOURNE EXCHANGE

The Melbourne market to-day was fairly active, but in view of the long week-end on account of the King s Birthday commemoration holiday prices were inclined to be steadier at the close. Business included; —

£ s d Commercial Bank Australia 016 1 E., S. and A. Bank v .. 417 0 Nat. Bank A'asia (£10) .. 13 7 0 Carlton Brewery .. . • 3 6 9 British Tobacco ... .. 2 8 0 Broken Hill Proprietary .. 219 0 Cox Brothers .. •. 0 15 4 Dunlop-Perdriau .. • • 1 9 9 &>§?!?>. |» \ Broken HOI South .. >. 17 3 Emperor .. • • • 012 5 Mount Lyell • • •• 12 9 Mount Morgan .. •• 0 8 4 North Broken Hill •. • • 117 0

SALES OF WOOL

I DECREASE OVER LAST YEAR . TOTAL DOWN BY 47,872 BALES A decline of 47,872 bales in the quantity of wool sold in the Dominion for the 11 months ended May 28, compared with the figures for the 1936-37 season is shown in statistics compiled by Dalgety and Company, Limited. Total sales during, the period amounted to 634.004 bales, as against 681.876 last year. For the 10 months ended April, the decrease on the previous year's total was 50,241 bales and for the first nine months of the season it was 97,003. Sales in April totalling 128,000 bales checked the decline.

Offerings for the 11 months totalled 711,714 bales, of which 634,000 were sold, figures for the 1936-37 season being 686,778 and 681,876 respectively. Exports of wool during the same period totalled 740,790 bales, as against 790,418 in tho previous season, a decrease of 49,628. The largest quantity 146,821 bales, was shipped from Wellington, with Napier and Waikokopu (112,778) next in order and Christchurch (99.659) third. Auckland and Opua (89,908) shipped the next largest quantity. Exports during May totalled 121.965 bales, of which the largest quantity, 24,047, was shipped from Wellington. Total offerings in May amounted to 2819 bales, while sales including previous offerings totalled 2997 bales.

JAPAN'S LOWER PURCHASES

IMPORTS FROM AUSTRALIA

Japanese purchases of Australian wool in the 18 months ending June 30 will fall far below the 800,000 bales japan agreed to take when the trade agreement was made, according to n message from Canberra. According; to figures given in the Senate by Mr. H. S. Foil, representing the Minister for Commerce, exports to Japan in the 15 months to April 30 amounted to only 478,308 bales. The Minister said that the Japanese Government had informed the Commonwealth Government that unexpected and abnormal circumstances had made curtailment of Japanese imports unavoidable.

GOLD AND SILVER QUOTATIONS IN LONDON LONDON, June 9 Fine gold is quoted to-day at £7 Os 6Jd an oz., compared with £7 Os 5d yesterday. Silver is quoted at 19d»an oz. spot and 18 11-16 d forward, compared with 18 15-16 d and 18|d yesterday. The quotation for silver at per fine oz. is 20£ d, compared with 20 7-16 d yesterday. The following is a summary of the fluctuations in the price per ounce of fine gold this year:— £ s d Highest price, May 26-28 and June 3 ..709 Lowest, price, January 3 . . 619 5 June 2 • • ..708 June 3 .. .. ..709 June 4 .. .. ..708 June 7 7 0 7 June 8 .. .. ..705 June 9 7 0 6% CALL AND DIVIDEND LIST Oividends — Dur Bank N.Z. —final, Is a sharo .. To-day Devonport Ferry—final, 2% p.c. Juno 13 Gordon and Gotch —pref., 4 p.c.; ord., 6 p.c. and bonus, 1 p.c. June 14 Waihi Junction —4d stg. a share (free of income tax) . . Juno 14 Broken Hill South —Od a share June 15 N.Z. Breweries —final, 4 1 / a P.c. .. June 15 Wilsons Cement —final, 4%d a share •• June 15 Sandhills Gold —Id a share .. June 15 Kobinson Ice—B p.c. ... June 16 Kauri Timbor—int., 2% p.c. .. June 17 N.Z. Perpetual Forests—final, 4 p.c. and special dividend, 2% p.c. . . .. June 17 Nemona Gold Dredging—ld a share .• June 18 Mt. Lyell. int., 6d a share .. Juno 20 Aust. Glass—pref., 4% p.c.} ord., 9 p.c. June 22 Argo Gold—No. 14, Id a sharo June 25 North Broken Hill—quarterly, Od a share .. June 28 Goldsbrough-Mort—fin.. 5 p.c. . . June 29 Farmers' Trading—ord., 7 p.c. p.a. June 30 British Tobacco —quarterly, 2 p.c. Juno 30 Morris Hedstrom —ord., final, 8 p.c.; bonus 2% p.c. .. June 30 National Mortgage—int., 5 p.c. p.a. (sterling) .. .. July 1 4inc Corpn.—ord. and prof., 4b 6d stg. (less 3s Gd in £1); prof., 2s stg. (less 3s 2d In £1) .. • .. July 1 Woolworths (N.Z.) —int., 5 p.c. .. July 7 National Bank N.Z.—final, 5 p.c p.a., stg. (less British * income tax) .. July Mt. Morgan—ord.. 3d n share July 20 Calls — Austral (N.Z.) Mining—con., sixth and final, 2s 6d a share, making £1 paid .. June 29 Bums. Philp—new, 6s a share.. Oct. 1