AUSTRALIAN SHARES

Evening Post, Volume CXXVII, Issue 2, 4 January 1939, Page 12

AUSTRALIAN SHARES

MARKETS OPEN QUIETLY

(By Telegraph—Press Association—Copyright.) SYDNEY, January 3. The volume of business done on the Stock Exchange today was small, but the undertone appeared firm. Sales today included:— £ s. d. Colonial Sugar 46 10 0 Bank of N.S.W 30 10 0 Commercial Bank of Aust. . 0 15 9 Australian Gas, A (old) 7 11 6 Australian Gas, B 7 11 6 British Tobacco 1 12 0 Tooths , • 2 14 6 Tooheys 1 10 6 Drug Houses 1 3 0 Farmers 1 10 0 Lustre Hosiery 1 0 0 Adams 0 14 9 Standard Cement 1 1 9 Mort's Dock 0 14 3 Woolworths Ltd 1 1 0 Mark Foy 0 19 0 Henry Jones Co-op 2 8 6 Electrolytic •;.... 2 6 3 Mount Morgan 0 10 1 Broken Hill Pty. ; 2 16 9 MELBOURNE, January 3. The market opened quietly after the vacation. Prices were steady and firm. Sales included:— r* t -, , £ s. d. G. J. Coles 3 19 3 Australian Glass 5 10 0 Hume Pipe 0 19 0 Electrolytic Zinc 2 9 0 Mount Morgan 0 10 3 Mount Lyell 0 17 9 North Broken Hill 2 99 Broken Hill Pty 2 16 9 Broken Hill Pty. (new) 2 3 6 Emperor Mine 0 10 2 Loloma \ j 3 Fluctuations on the Sydney Stock Exchange in the last two years have not been violent, remarks the "Sydney Morning Herald." The indices of prices ot ordinary shares and of preference fteSff Spared by the Sydney Stock Exchange Research and Statistical .Bureau) have moved as follows:— 34 Ord. Pref. ?0%%- ?.&*L es- Shares. 1936 127.69 100 71 1937 ...... 128.40 . 104 84 1938 122.28 ...... 104.46 hSt^?*? 7 shares_advan6ed about onehalf of 1 per cent, m 1937, fell about vL^Jf^ m < i 938, and in the two years fell about 4.7 per cent. Prefer--193 C7 e S^ re?h Were about 4' l higher in -ty«n, and the movement durine l<m SrsThlrfS^ S° 9* pc? _ent &n advance of about 4