AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23263, 4 February 1939, Page 11

AUSTRALIAN EXCHANGES

TREND AGAIN UPWARD INpREASE IN BUSINESS (Received January 3, 8.27 p.m.) SYDNEY, Feb. 3 On the Sydney Stock Exchange today the upward trend in investment share prices was continued, accompanied by a substantial increase in business over a wide field. Sales included: — £ s d Commercial Bank Australia 015 6 Bank New South Wales .. 30 0 0 Bank of New Zealand .. 1 10 6 E., S. and A. Bank .. .. 5 0 0 Goldsbrough-Mort .. .. 16 3 Huddart-Parker .. .. 2 10 0 Toohey's Brewory .. .. 1 H 3 Tooth's 2 13 3 Ditto 2 13 6 Pelt and Textiles .. 1 11 fa Associated Newspapors .. 10 4 Ditto (pref.) .. • • 13 0 Australian Glass .. .. 5 7 0 Automatic Totalisators .. 0 17 0 British Tobacco .. .. 2 0 0 Ditto 2 7 0 Broken Hill Pty 2 15 9 Burns. Philp .. .. .. 2 110 Colonial Sugar .. .. 40 7 6 David Jones .. .. .. 1 13 0 Drug Houses .. .; 1 2 O Eloclrolyi/ic Zinc .. .. 2 0 3 Honry Jones .. .. .. 2 8 0 Kandos Cement .. • • 17 3 Morts Dock . . . . . . 014 8 Morris Hedstrom .. .. 10 3 Pitt, Son and Badgcry .. 1 10 0 Standard Cement .. .. 119 W. Adams 015 3 W. Atkins i> 1 3 0 Washington H. Soul .. 4 10 0 W. R. Carpenter .. .. 2 10 Woolworths (Syd.) .. .. 12 1/4 Ditto (N.Z. delivery) .. 12 3 Wright Heaton .. ~ 7 10 0 Arahura Gold .. • • 1 10 0 Austral N.Z. Gold .. 1 2 3 Emperor .. .. •• "93 Kaniori Gold .. . • 1 17 O Mount Lyell .. •. 1 ® 8 Mount Morgan .. .. 0 10 8 Commonwealth Bonds. —-1 per cent, IQ4I, £lOl 15s; 1944, £lO2 10s; 1950, £104; 1953, £lO3 Is 3d; 1901, £lO4 10a. MELBOURNE EXCHANGE Business on the Melbourne market included: — £ s d Bank of Australasia 8 15 O Commercial Bank Australia 015 4 Australian Glass .. .. 5 5 0 Aust. Paper Mfrs. (pref.).. 14 9 G. J. Coles 9 Woolworths (Syd.) .. :«j. 1 2 0 Emperor .. .. •• O 9 3 Mount Lyell .. t.. 1 0 7 Mount Morgan .. .. 0 10 7 FALL IN BUTTER NEW ZEALAND AT 123/MARKET NOW FIRM CHEESE ALSO DECLINES A further decline in the price of New Zealand butter has occurred on the London market, the latest quotation being 123s per cwt,., or Is 3d below the London equivalent of tho guaranteed price, and Is under the quotation at the end of last week. TTnsalted New Zealand is quoted nt 1265, or 2s below last week's closing rate. Prices on the market, however, are firm.

In spite of the decline, New Zealand values are still considerably higher than they were a month ago, when salted was at 117s, and much above the rate a year ago, when it was 109s.

According to a Press Association message sent from London on Tliurs-! day Australian salted butter is selling at from 119s to 120s per cwt., this | also representing a decline of Is on , the week's trading. Unsalted has fallen by 2s to 1225. The cheese market is quiet. Pricesj at 67s per cwt, for New Zealand white j and coloured represent a decline of Is I on the week. Australian white, at! from 62s to 635, has decreased by up to Is 6d, but Australian coloured has increased from 64s 6d to 655. Recent quotations and those of a year ago compare as follows:Feb. 3 Jan. 27. Jan. 5 Feb. 3 Butter— 1939 1939 1939 1938 New Zealand J 23/- 124/- 117/- 109/Australian .. 119/6 120/6 116/- 108/Cheese—New Zealand: White .. 67/- 68/- 69/0 08/Coloured .. 67/- 68/- 60/9 68/6 Australian: White .. 62/6 63/6 64/3 65/3 Coloured .. 65/- 64/6 65/3 06/3 The present price of 12;js per cwt. is equal to approximately 14.35 d per lb., | f.0.b., New Zealand ports, compared with the guaranteed price of 14.89 d per lb., f.o.b. The London equivalent of the guaranteed price is 124s 3d per cwt. The equivalent price of cheese is about 7.01 d per lb., f.0.b., compared with the guaranteed price of 8.42 d. A. S. Paterson and Company, Limited, quote: —Butter: The market is steady; New Zealand, 122s per cwt.; Australian, 119s; Danish, 1445. Cheese: The market is steady; New Zealand, 675; Australian, 60s to 61s, GOLD AND SILVER QUOTATIONS IN LONDON LONDON. Feb. 2 Fine gold is quoted to-day at £7 8s 7id an oz., same as yesterday. Silver is quoted at 19 15-16 d an oz. spot, and 19|d forward, same as yesterday. The quotation for silver at per fine oz. is 21Jd, same as yesterday. The following is a summary of the fluctuations in the price an ounce of fine gold so far this year:— *£ 8 d Highest price, January 4 .. 710 5 Lowest price. January 19 .. 7 8 5 A January 27 . . . . • ■ 7 § 8 A January 28 .. .. ..7 8 8/ a January 30 .. .. .. 7 8 i/ 3 January 31 .. • • £ 8 0 February 1 .. .. ..78 iA February 2 . . • • ..78 i A DOMINION INVESTMENT SAME INTERIM DIVIDEND An unchanged interim dividend at the rate of 5 per cent per annum has been declared by the Dominion Investment and Banking Association, payable on February 20. The dividend was announced after' the directors had considered the accounts for the half-year ended December 31, and the continued satisfactory progress being made. STATISTICS OF TIN LONDON, Feb. 2 The world statistical position of tin at the end of January compares with that of recent, months as follows: Sept. Oct. Dec. Jan. Tons Tonft Tons Tons W supplles ble 20,210 20,655 20,898 21,924 3 ".™r" C " ,ri " Ci.Ml 0.010 6,017 o.oo* Supplies ro- _ coived 7,804 8,655 6,4. >4 8, /70 Deliveries 7,093 8,219 5,837 7.744 WHEAT IN CHICAGO CHICAGO, Feb. 2 Wheat.—May: 69J cents a bushel; July, 69J cents; September, 69J cents. MINING SHARES IN LONDON LONDON, Feb. 2 On the mining market to-day New Guinea Gold shares sold at Is Other quotations included: —Clutha River, buyers. Is 4Jdi sellers, Is 7sd. Molyneux River, buyers, 4*d; sellers, 7*d.