INDUSTRIALS FIRM

Dominion, Volume 28, Issue 101, 23 January 1935, Page 12

INDUSTRIALS FIRM

Sydney Share Market BONDS VERY QUIET By Telegraph.—Press Assn.—Copyright. (Received January 22, 5.35 p.m.) Sydney, January 22. Restricted trading was again experienced ou the Stock Exchange to-day. Large parcels of Tooths shares changed hands at steady rates. Business otherwise was mostly confined to industrial concerns, the market for which was generally firm. Mining shares were irregular, and bonds very quiet. Sales: Bank of Now Zealand, 50/G; Colonial Sugar, £42; Associated News, 2-1/3; ditto, pref., 24/!); Burns Philp, 64/-; Australian Gas A, £B/2/-; British Tobacco, 39/3. Tooths. 51/3; Tooheys, 30/3; Goldsbrougli Mort, 30/-; Winchcombe Carson, 29/-; Morris Hedstrom, 18/3; HenryJones, 36/3; Millaquin Sugar. 36/6; B'airymead Sugar, 38/-; Farmers, 26/9; Anthony Hordern, 19/3; Drug Houses of Australia, 26/-; G. J. Coles. 56/3. Mt. Morgan, 40/6; Mt. Lyell, 10/6; Broken Hill Proprietary, 54/3 : Rawang. 7/10; Placer Development. £26/5/-. Morning Rales included :—Commonwealth Bonds, 4 per cent., 1938! £lO4 3/-; 1959, £111: Tooths. 51/-: ‘Anthony Hordern, 19/14; Associated News (pref.), 24/6; British Tobacco, 39/3. Melbourne, January 22. Sales on the Melbourne Stock Exchange to-day included : —Commercial Bank of Australia, pref., £lO/3/-; Howard Smith, 17/1; British Tobacco, 39/3; Goldsbrough Mort, 30/3; Dunlop Perdriau, 19/11; Mt. Lyell, 16/10. e DEALINGS ON ’CHANGE Yesterday’s Sales The following sales were recorded yesterday on the stock exchanges mentioned :— AUCKLAND. £ s. a.

A.P.A. SHARES Consolidation Proposed The conversion of the 10/- shares of Australian Provincial Assurance, Limited, into £1 shares is proposed in . an amendment to the articles of association, which will be considered at an extraordinary meeting of shareholders in Sydney on February 5. The directors state that in view of the fact that the majority of shares quoted on the Stock Exchange are £1 shares the public is apt to regard the company’s shares as being under par. Several instances have come before the board of intending policy-holders directing attention to the shares being quoted at a discount, whereas the shares, which are of 10/- each, have been at or over par for some considerable time. The proposed amendment admits of the consolidation of the shares, so that each shareholder will receive one share of £1 in return for every two shares of 10/-.

BASE METALS MARKET Copper and Tin Firmer By Telegraph.—Press Assn.—Copyright. (Received January 22, G. 30 p.m.) London. January 21. The official London (middle) quotation? for Monday, as reported by tile Australian Alines and Metals Association, compare as under with those previously cabled:— Jan. 18 Jan. 21.

• AUCTION DIARY TO-DAY. Trenihaui Sales. 10 a.m.—National thoroughbreds (Wright, Stephenson). Hutt Rd., 10.30 a.m.—Bowser station (Johnston). Johnsonville fat stock sale. 1 p.m. 78 Lambton Quay, 1 p.m.—Office furniture (Kingsway). Sage's Lane, 10.30 a.m.—Building material (C. W. Price). TO-MORROW. Lambton Qy., 2.30 p.m.—Properties (Tolhurst and Son). Trentham. 10 a.m.—Property and furnishings (Johnston and Co.). Allen St.. 10.30 a.m.—Poultry (Townsend and Paul). FRIDAY. Barraud St.. Dannevirke, 2.30 p.m.—Residence (H.B. Farmers’ Co-op).

Auckland Harb. Bd., 5£ p.c., 1939 103 0 0 0 1G 9 Bank of New South Wales 31 0 Bank '’‘f’ New Zealand (2) ...... 11 0 1 10 6 Reserve Bank 6 13 0 Queensland Insurance 2 1G 0 10 0 6 6 0 16' G 14 (X Dunlop Perdriau 6 19 10 0 7 G TMftft (*>) 7 0 7 r? Ditto B' pref 0 1 + 3 0 15 6 “Sun” Newspapers .«••••••••• 0 4 G 1 13 6 Broken 8 Hill Proprietary 13 9 Mataki . 0 1 10 0 1 11 0 0 74 0 17 1 Unlisted: Alluvial Holdings ••••••«•*••• 0 2 0 Wooiworths (Syd.) 4 12 6 CHRISTCHURCH. £ s. d. Comm. Bank of Aust., cum div. 0 IB 8 Goldsbrough Mort ..... 1 9 10 N.Z. Itefrie., £1 paid, cum div. (odd lot) 1 1 1 Ditto, 10/- paid, cum div. (0) 0 10 Dunlop Perdriau (3) 0 19 9 Sun .Newspapers (2) 0 4 4 Ditto ( f> ) 0 4 _ i Ditto ' - 0 4 9 Ditto t 0 4 11 Di t tn 0 . ■ 1 Ditto 0 r 3 0 4 0 0 8} 0 0 10 Rawnnig Tin .................. 0 7 11 1 1'J 6 Sales reported: N.Z. Refrig-., 10/- paid, cum div. 0 10 3 British 'Tobacco 1 19 0 Snn Newspapers 6 5 Mahakipawa, pref., 1930 issue ,.. 0 1 4 Unlisted: JVoolwnrths (Syd.) 4 13 0 Ditto 4 12 6 Ditto 4 12 7 Ditto 4 15 0 Argo Gold, lOAd. paid 0 1 R Wooiworths (West Aust.) s <> ♦ DUNEDIN. Sales reported: £ s. d. “Sun” Newspapers ............ •0 4 0 Bank of New Zealan d .......... 10 10 5Vnihi Grand .Junction d 4 10 Bell-Hooper 0 0 3 ♦Date sale Monday.

Per t on Per ton. Copper— £ s. <1 £ s. d Standard 28 3 11 28 6 101 Standard, forward 28 10 7A 28 13 1'1 Flectrolytlc 31 10 0 31 10 0 to 31 15 0 31 15 0 Wire bars 31 15 0 31 15 0 Lead— Spot 10 5 0 10 10 0 Forward 10 15 0 10 12 (1 Spelter— Spot 11 IS 9 12 0 0 Forward 12 5 0 12 5 0 Tin— (/ 232 13 9 Forward 228 17 G 228 18 9 Silver— Standard, per oz. . 24 9-1 Cd. 24 5-Sd. Fine 2GJd. 20 7-ldd.