COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20027, 28 August 1939, Page 8

COMMERCIAL

AUSTRALIAN EXCHANGES WEAK AND NERVOUS (Elec. Tel. Copyright—United Press Assn.) SYDNEY, August 25. The Sydney investment market today 'was weak and nervous, tout there was no panic selling. Quotations for the more lavoured stocks were largely nominal. There were some bargainhunters in the market, but members of the Sydney Stock Exchange had been officially requested to refrain from bearish operation. Broken Hill Proprietary underwent rapid changes, and the shares rose steeply from 55s in the morning to 64s in the afternoon. Sales included:—Bank of New South Wales, £27; Commercial Banking Company of Sydney, £l7 ss; Colonial Sugar, £43 ss; Associated News, 17s 3d ; Howard, Smith, 18s 3d; Australian Gas “A,” old, £6 17s Gd; British Tobacco, £2 4s Gd; Woolworths, Limited, £1 2s; Australian Consolidated Industries, £1 12s; Australian Consolidated Industries, rights, ss; Dunlop-Perdriau, 17s 9d; General Industries, 18s 4d; Mort's Dock, 13s 9d; J. Fielding, ex. div., £3 13s; R. Fowler, 10s 6d ; Bradford Cotton, £1 18s; Cash Orders, 15s 3d; Henry Jones, £2 9s; Electrolytic Zinc, £2 7s 9d; Electrolytic Zinc, pref., £2 9s 6d; Mount Lyell, £1 4s; Mount Morgan, 8s Gd; Broken Hill Proprietary, £3 4s; North Broken Hill, £2 Is 9d; Broken Hill South, £1 4s Gd; Austral-N.Z. Gold, £1 Is. Morning sales included: —Commonwealth Bonds, 3“ per cent, 1942, £99 15s; 3 : [ per cent, 1951, £9B 7s 6d; 3J per cent, 1955, £99 2s Gd; 4 per cent, 1941, £IOO 18s 9d; 4 per cent, 1944, £101; 4 per cent, 1950, £99 15s; 4 per cent, 1953, £100; 4 per cent, 1955, £IOO Gs 3d; 4 per cent, 1957, £IOO 7s 6d; 4 per cent, 1959, £IOO 7s Cd; 4 per cent. 1961, £lOl 2s 6d; Tooths, 48s; Broken I-lill Proprietary, 55s 3d; Drug Houses, 21s (id; Huddart-Parker, 545.

Sales on the Stock Exchange of Melbourne to-day included:—Bank of Australasia, £8; Commercial Bank of Australia, 14s Id; Herald and Times, £2 18s Cd; Australian Paper Manufacturers, prof., £1 3s 9d; Claude Neon. £1 7s Gd; Drug Houses, £1 Is lOd; Dun-lop-Perdriau, 17s 8d; Imperial Chemicals, pref., £1 Is 3d; Cox Bros., 10s 3d; G. J. Coles, £3 8s Gd; Howard, Smith, 18s Gd; Emperor Mines, 8s sd; Loloma Mines £1 2s 3d; Mount Lyell, £1 4s; North’Broken Hill, £2 Is 9d; Electrolytic Zinc, £2 9s.