AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23432, 23 August 1939, Page 9

AUSTRALIAN EXCHANGES

SHARP FALLS REGISTERED BUYING AT LOWER LEVELS (Received August 22, 7.52 p.in.) SYDNEY, Aug. 22 The hows of the non-aggression pact bctwen Germany and Russia depressed . the investment market on the Sydney j Stock Exchange to-day. resulting in . sharp falls in practically all departments. Some buyers took advantage - of the situation to acquire shares 1 at lowered rates, and a notable exi* pansion in business was recorded. Sales - included:— £ s (1 Commercisil Bank Australia 0 l-l 4 E., S. and A. Bank . . . . 4 O -'5 Bank of New South Wales 27 13 O United Jnsunmco .. .. 30 O I Howard Smith .. .. 0 10 7 Tooths Breweries . . . . 2 30 0 Ditto 2 30 3 Toohoys .. .. .. 1 8 (I A.C.I, (ex rights) .. .. 133 0 Ditto 3 32 0 Ditto (rights) .. .. 0 5 3 Anthony llordern .. .. 033 2 Associated Newspapers .. 0 37 (> Ditto (prof.) .. .. 10 0 British Tobacco .. .. 2 5 0 Broken Hill Pty 2 10 O Ditto 2 17 fi Burns, Philp .. .. 2 10 3 Cash Orders (ex div.) .. 030 0 Colonial Sugar . . .. -13 15 0 ; Dnnlop-Pcrdriait (pref.) .. 114 0 Electrolytic Zinc .. .. 2 8 0 i Ditto (pref.) .. .. 2 30 3 Hackshalls 0 32 0 Jiimes Stedman . . . . O 33 0 Meggitts .. .. .. 1 10 0 Moris Dork .. .. 0 13 31 Standard Cement •.. , . 3 3. O Sydney "Terries . . .. 0 4 3 "Woolworths (Sydney) .. 13 7 1 /, Emperor .. .. .. 0 0 0 Larnt Tin .. .. .. 0 5 0 Loloma . . .. .. 3 4 0 Mount Lyell .. .. 3 4 30 Mount Morgan .. .. 0 fi 0 North Broken Hill .. .. 2 3 0, Zinc Corporation .. .. 3 110 Commonwealth Bonds.—3% per cent, 1051. £9B 10s; 3 7 /„ per cent, 1051, I".)!) ss; 4 per cent, 1011, A'lol 3s Od; 1953, £IOO Ss Od; 1001. £lOl ISs Od. MELBOURNE EXCHANGE Business on the Melbourne market included: — £ • s d Howard Smith . . _. . 030 (i Melbourne Investment Trust O 5 4 Dunlop-l'erdriau .. .. 0 17 0 Ditto (pref.) .. .. 1 34 0 Drug Houses . . . . 3 2 0 ■Electrolytic Zinc (ord.) .. 2 8 <> G. J. Coles 3 31 O Herald and Times .. .. "3 O 0 Hume Pipe (Aust.) .. . . 0 18 0 Myers Emporium .. .. 17 3 Emperor . . . . . . 0 S 30 Eoloma . . . . . . 14 4 Mount Lyell .. .. 3 4 30 North Broken Hill .. .. 22 <3 NEW YORK SLUMP WAR SCARE REACTION NERVOUS INVESTORS HUGE SHARE LOSSES NEW YORK, Aug. 21 Stocks tumbled up to three points in a nervous war scare. Over 1.500.000.000 dollars have been erased from the New York Stock Exchange market values in the last fortnight. Turnover to-day totalled 8-50,000 stocks and shares, compared with 840,000 on the closing day of last week. LOWER AUCKLAND PRICES WITHDRAWAL OF QUOTATIONS Similar reaction to that shown on Wall Street and in Australia greeted the announcement of tlio non-aggression pact between Germany and Russia on New Zealand Stock Exchanges yesterday. Share levels showed a marked decline over a wide range of issues. The initial reaction on the Auckland Kxchange came at the afternoon call j and, although some scrip was marked j down fairly severely, the majority of j investors withdrew quotations until some further indication is given of developments in Europe. Leading Australian industrials, as usual, acted as a barometer to the general trend. The most marked setback was suffered by Broken Hill Proprietary, but other prominent issues were not immune. Banks and insurances also were affected, but New Zealand shares were not marked down to the same extent as overseas scrip. GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Aim. 21 Fine gold is quoted to-day at £7 8s 7d an 07..,07.., same as on Saturday. Silver is quoted at 17 9-16 d an oz. spot and 17gd forward, compared with 17 Jd and 16 10-16 d on Saturday. The quotation" for silver at per fine oz. is 18 15-16(1. compared with 18 7-16 d on August 18. The following is a summary of the fluctuations in the price an ounce of fine gold this year:— £ s (1 Highest prire, January 4 .. 710 5 Lowest price, January 27 . . 7 8 2 August !•"> •• •• ~ 8 7 Aunust l'i . . • • ..787 August 17 .. .. . . 7 8 7 Au if list 18 .. .. • ■ j, N i, August 19 .. .. 7 8 August 21 .. .. ..737 PRICES OF METALS COPPER STILL FIRM LONDON, Aug. 21 Following are to-day's quotations on the London metal market compared with those of August IS: — Aug. 21. Aug. 3 8 Per ton Per ton £sd c s d Copper, Stan., spot 45 o 7Y, 44 30 4'/a Copper, St., 3 mos. 44 37 0 41 18 VA Copper, electrolytic 50 15 0 50 0 0 to lo 51 0 0 51 0 0 Copper, elect., wire "burs .. 51 0 O 51 0 0 Lead soft, spot .. 1(1 I 4% 15 10 I'A Lead, soft, forward 10 0 7% 15 1(1 1()V, Speller, spot .. I t S 0 34 30 0 Spelter, forward.. II 12 0 14 13 l'/ 3 Tin, stall., spot .. 220 18 0 220 18 0 Tin, stall., 3 mos 221 37 0 225 8 0 j CALL AND DIVIDEND LIST Dividends — Due Grey and Menzics —pref. and ord., S p.c. p.a. .. . . To-morrow Radio (103(0, Ltd.—ls a share Aug. 25 Queensland Brewery—final, ord., 3'/j p.c.; pref., 2% p.c. .. Aug. 25 Dominion Investment—final. A, B, C, 5 p.c. p.a.; B, C (3rd issue). 4 p.c. p.a. . . ~ Aug. 28 Silverlon Tramways—final. Is a share . .. .. .. Ang. 30 Caro's Bivgain Stores—ord., 7 1 /, p.c.; pref., fi l / 2 p.c, .. .; Ausr. 31 Bank N.SAV.—int., quarterly, (is a share (Australian currency) Aug. 31 Einperor Mines—fourth, Od a share .. .. .. Aug. 33 Standard Insurance—final, 3s 3d a share .. .. .. Sept. 4 Loloma—sixlli, 3s a share . Sept. 8 Huddart-Parkcr int., pref., 8 p.c.; ord., 7 p.c. .. .. Sept. 14 Electro. Zinc —pref. and ord., final, !) p.c. . .. • • § e Pj* *5 Broken Jlill South—Od a share Sept. 15 D. and W. Chandler—int.. pref., 0 p.c. p.a. .. • .- • Se P l - 15 Auckland Farmers" Freezing—o p.c. p.a •• Sept. 23 North Broken Hill—Quarterly. Od a share Sept. 27 Calls— Toohey's—new, 8s ft share .. Sept. 21 G. J. Coles —new. 10s a 6hare .. Jan. al