AUSTRALIAN INVESTMENTS

Taranaki Daily News, 6 May 1930, Page 10

AUSTRALIAN INVESTMENTS

GOVERNMENT SECURITIES SOUGHT By Telegraph—Press Assn.—Copyright.’ • ' Sydney, -May 5. Financial authorities in Sydney state that throughout last week investors evinced a distinct preference for Government securities, which are on a higher level than hitherto, and from the improvements in the selling rates in that section of the market it is reasonably inferred’ that the owners of floating funds are becoming resigned to smaller returns, and are disinclined temporarily to place their money in industrial ventures, toward which there is a rather nervy tendency. enhancement of 10 per cent, in

wool values at both the Sydney and Melbourne sales must involve a substantial addition to the financial yields for growers whose clips have not yet,been Sold, and, as rain has fallen over some , of the drier areas, the outlook for. the pastoral industry is much brighter,,.. . The dairying districts received-«morc • rain during the past-five days . than was needed. .