STOCK EXCHANGE

Hokitika Guardian, 15 January 1932, Page 6

STOCK EXCHANGE

HOLDERS’ WAITING GAME

(Australian Press Association.)

SYDNEY, January 14

There was a featureless market today at the Sydney Stock Exchange. It was apparent that share-holders were playing a waiting game. It is believed that a successful outcome to the Lausanne Reparations •Conference will pave the way to brighter business. Australian Consols displayed an easier tendency to-day. The 1938 4 per cent, issue dropped 7.s 6d on the day at £94 7 S 6d ; 1941 bonds lost 10s; those of '1947 6s 3d ; and those of 1944 lost 2s 6d.

Some of the other longer-dated issues declined sharply.

Industrials were steady, but the turnover was below normal. Bank shares overe almost neglected. Gas shares were steady. Barrier mineral stocks were again active. . , Sales reported were: Bank ol New South Wales, £3O 10s; Commercial Bank of Sydney. £l7 17s 6d ; Queensland National Bank, £6; Colonial Sugar Coy., £45 5s ; Dunlop Perdriau Rubber 14s 3d ; Australian Gaslight A shares, £5 12s 6d ; Broken Hill Proprietary, 17s 3d; North Broken 'Hill, 66s 9d ; Burns ’ Philp, 395; Tooths Brewery, 17s 3d ; Toohey’s Brewery, 18s 6d. SYDNEY WOOL '.MARKET .

SYDNEY, January 14. At to-day’s wool -sales 10,391 bales were offered and 10,030 wore sold, also 383 disposed of privately. The market closed under brisk competition from Japanese and Continental buyers with fair support from Yorkshire and the United States. Prices continued firm, with a hardening tendency. Greasy Merino made up to nineteen pence. ■commOX W E A LTH BANK. ■STRONGER POSITION. ■ SYDNEY, January 14. The Commonwealth Bank return shows the note issue is down by one million to £52.800,000. The Bank’s gold holdings are unchanged at £10,500,000, or nineteen P«i r ‘t eightyeight per cent. The deposits have increased by £2,577,000 to £54,565,000. The Lonuo,. balances have risen by £1,160,000 to £l2 926,000. The ‘short terms loans are up by £872,000 at £10,774,000. The ra|tio of cash to deposits is twelve point seventy-five per cent.