CONFIDENCE IN EXCHANGE

Taranaki Daily News, 5 July 1932, Page 7

CONFIDENCE IN EXCHANGE

HEAVY BUYING AT SYDNEY

government bond records

EFFECT OF LOW BANK RATE

By Telegraph—Preen Assn. —Copyright.

Rec. f 1,5 p.m.

Sydney, July A

Unprecedented gains were registered today on the Stock Exchange in Common’ wealth bond values. Exceptionally heavy buying orders were executed. New records were established in all the four per cent, issues,

The demand has been stimulated by th? recent fall in interest rates here and in London and by a general restoration of confidence in the credit of. Australia. Banking and industrial shares also were much firmer.

To-day’s sales included: Bank of New South Wales, £29; Commercial Bonk of Sydney, £l6 2s 6d; National Bank (£lO paid), £l2 2e 6d; Queensland National Bank, £4 18s; United Insurance, £7 15s; Colonial Sugar, £45 IQs; Adelaide Steam, 18s 7Ad; Howard Smith, 8s; Austral Gas (A.), £6s 2s; British Tobacco, 30s fid; British Tobacco (New Zealand, delivery), 30s fid; Golctebrough Mort., 235; Goldsbrough Mort. (New Zealand delivery), 22s lOJd; Tooth’s Brewery, 29s 74 d; Toohey’s Brewery, 19s; Austral Glass, 40s 6d; Dunlop Rerdriau, 12s fid; Winchcmobe and Carson, 19s 6d; Carlton Brewery, 3js fid; Broken Hill Proprietary, 16s 44d; North Broken Hill, 61s; South Broken Hill, 43s 6d; Zinc Corporation, 25s 14d; New Zealand 5J per cent, debentures, 1937, £109; Commonwealth - 4 per cent. Bonds, 1938 £97 Jss, 1941 £97 2s 6d, 1944 £96 12s fid, 1947 £96 15s, 1950 £97 15s, 1953 £97 Us 3d, 1955 £96 10s, 1957 £96 10s, 1959 £96 ss, 1961 £96 10s. Melbourne reports the following sales: Commercial Bank of Australia, 15a sd; British Tobacco, 30s 3d; Austral Glass, 39s 9d; Dunlop Perdriau, 12s 3d; Dunlop Perdriau (pref.), 27s 6jJ; Herald and Times, 48s; South Broken Hill, 435.