SYDNEY STOCK EXCHANGE

Timaru Herald, Volume CXXXIX, Issue 20027, 7 February 1935, Page 16

SYDNEY STOCK EXCHANGE

United Press Association—By Electric Telegraph—Copyright (Received February 6, 9.0 p.m.) SYDNEY, February 6. A downward tendency in the investment section of the Stock Exchange was more noticeable in a comprehensive range of stocks to-day. No pronounced selling pressure was evident, but buyers were inclined to move more slowly in view of the drift of the Commonwealth oversea trade balance and the possibility that corrective measures may be taken. Government securities weakened. Sales: Bank of New South Wales, £32; Commercial Bank of Sydney, £l7; Howard Smith, 16/10*; Burns Philp, 64/-; Australian Gas (A), £B/2/-; British Tobacco, 39/3; Tooths, 50/9; Dunlop Perdriau. 19/6; ditto (pref.), 38/9; Goldsbrough Mort., 29/6; Henry Jones, 37/li; David Jones, 40/3; Victoria Nyanza, 5/3; Australian Iron and Steel (pref.), 24/-; Euratha, 6/5; Rawang, 8/2; Larut, 12/6; Malim Nawar, 13/-; Commonwealth Bonds (all 4 per cent.): 1938, £lO4/3/9; 1941, £lO5/12/6; 1947, £lO9/10/-; 1950, £lll 5/-; 1961, £lll. Melbourne sales: Commercial Bank of Australia, 17/-; Electrolytic Zinc, 21/7; Goldsbrough Mort., 29/6; National Bank (£5 paid), £6/8/-; Mt. Lyell, 17/9.

COLOMBO TEA AUCTION By Telegraph—Press Association DUNEDIN. February 6. L. M. Wright has received the following cabled report on the Colombo t: auction of February 6—The market for medium and good teas was firm and advanced 1 to 2 cents following quality, which was good. Commons were slightly irregular. Next week’s auction is catalogued for 1,510,000 lb.