COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 18955, 4 March 1936, Page 8

COMMERCIAL

WEAKER PRICES

AUSTRALIAN SHARE MARKETS

SYDNEY, March 2'.

'1 he announcement that the Bank of New .South Wales is increasing its fixed deposit rates" and the possibility" of higher interest rates extending, disturbed the investment market" qn. the stock Exchange to-day and the easing tone evident at the close of last jyeeK oecame accentuated.

The weakness was most pronounced on tiie higher-priced securities, whicn are returning the investor comparatively iow yields, but niany' shares whicn, more or less, are regarded as speculative also came under the 'easing influence. Australian consolidated loans and certain bank shares were marked down, but Commercial Bank of 'Australia firmed. Prominent industrials' that weakened were Broken Hill Proprietary and British Tobacco."

bales: Commonwealth bonds, 4 per cent., 1938, £lOl 17s 6d; 1941, £lO2 lus; 1947, £104; 1950, £lo2l'is 3d; 1953, £lO2 Os; 1955. £102" 6s; 1957, £io2 12s' 6d; 1909, £lO2 2s 6d.

Colonial Sugar, £43 lQsj Bank of New South vVaJes, £35; Commercial IJaiiking Company of Sydney, &21 9s; Commercial . Banlc of Australia, 20s 10id; National Bank of Australasia, £lO paid, £ls lis; Associated .'News, 22s od; Automatic Totes, 21s 9d. British Tobacco, 425; Tooheys, 33s 7£d ; Drug Houses, 30s 3d; Australian Iron and Steel, pref., 25s 9d; Goldsbrough Mort, 33s 6d; Wilcos Moffhn, lis 9d; Morris Hedstrom, 255; 'Greater J. D. Williams, Bs. '

Henry Jones; 40s 9d; Millaquin Sugar, 37s 6d; Electrolytic Zinc,.pre!'., 40s 6d;| Anthony Hordern, 20s 9d; Standard Cement, 23s'; General Industries, 21s; ditto, pref., 255; ditto, new, 20s; Mt. Morgan, 16s 3d; Broken Hill Proprietary, 60s 3d; ditto, second instalment paid, 365; Broken Hill South, £5 17s 6d; W. K. Carpenter, 45s'6d; Woolworths, second pref., 25s 9d; Mineral Development," 2s Id; Tavua Development, 2s Loloma, 19s; Emperor, lis 8d; Rawang, 9s 3d. Morning sales included; Commonwealth "bonds, 3 per cent., 1948, £93 5s- 4 per 'cent,, 1938,' £lOl 18s 9d; s'per cent., 1941, £lO2 12s 6d; 4 per cent., 1950, £lO2 ss;" 1955, £lO2 6s 3d; 1957. £lo3 ; 'Commercial Bank' of Australia, '2os 7Jd ; Bank of New South Wales, £35; Australian Glass, 86s 6d; British Tobacco, 42s'6d; Broken Hill Proprietary, 61s, and, second instalment p?id," 36s 4id; Dunlop-Perdriau Rubber, 15s 3d; Henry Jones, 41s 3d. MELBOURNE, March 2.

Sales on the Melbourne Stock Exchange to-day included: National Bank of Australasia, £5 paid, £7 16s; Australian Glass, 85s; Dunlop Perdriau, 15s; Howard Smith, 17s lOd; Mt. Morgan, 16s 4d; Mt. Lyell, 24s 6d; Emperor, lis lOd; Taranaki Oil, lOd.