COMMERCIAL

Poverty Bay Herald, Volume LXV, Issue 19820, 23 December 1938, Page 8

COMMERCIAL

INDUSTRIALS STEADY

AUSTRALIAN KXL GANGES

SYDEY, Dec. 21

Investment business was very quiet on the Sydney Stock Exchange to-day aid price movements were within narrow limits. There was a good demand for Australian Glass shares, which -moved to the record level oi £5 6s fid. Commonwealth loans were firm. The exchange closes at 1 p.m. to-morrow for the holidays. Sales to-day included: Bank of New South Wales, £29 17s fid; Commercial Bank of Australia, lfis; Colonial Sugar, £4fi 7s fid; Associated News, ex. -div., £1 Os 9d; Huddart Parker, £2 10s fid; Burns Philp, £2 12s fid, British Tobacco, £2 8s; Tooth and Co., £2 14s 3d; Australian Glass, £5 (is fid, Paul and Gray, £1 2s fid; Claude Neon, £1 11s fid; William Adams, 14s Del; Newbold Brick, £1 8s 9d; Petcis, £2 12s; Mark Foy, 18s 9d; Goldsbrough Mart, ex div„ £1 7s 4d; vVoolworths Limited, £1 Is; Mt. Morgan, 9s lid; Mt. Lyell, £1 7s 7RI; Broken Hill Proprietary, £2 lfis 3d; North Broken Hill, £2 7s 9d; Bulolo Gold, fifi 14s; Emperor Gold. I Os; AustralNew Zealand Gold, £1 Is fid; Oil Search, (is.

Morning sales included: —Commonwealth Bonds, 4 per cent, 1950, £lO2 Ts (id; Commercial Bank of Australia, 10s; Toohey’s Breweries, 30s (id; Tooth’s Brewery, 54s lid; David Jones Co-op., 34s 3d; James Stedman, 12s lid. On the Stock Exchange of Melbourne to-day industrials were steady. Barriers, were easy. Bonds were firmer. Sales included: —Australian Iron and Steel, pref., £1 8s; DunlopPerdriau, £1 Os 8d; Goldsbrough Mort, £1 7s 3d; Herald and Times, £2 17s 6d; Mount Morgan, 10s 2d; Mount Lyell, £1 7s 9d; North Broken Hill, £2 7s fid: Broken Hill South, £1 7s; Loloma Mines, £1 ,1s 4d.

NATIONAL MUTUAL LIFE TRANSACTIONS FOR VEAR. As a result of the transactions of the National Mutual Life Association for the your ended September 30, 1938. £1,583,003 was added to the assurance fund, which amounted to .£44,158,325 at the close of the year. The investment fluctuation reserve fund no.v amounts to £1,335,000. The total income for the year was £5,801,953, which included £4,034,407 for premiums and £1,707,540 for interest (after ■deduction of rates and taxes.)

Policy-holders or their representatives received £3,002,888 from the association during the year. The total assurances —excluding bonus additions—in force at the end of the year/amounted to £111,027,800.