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TRADE & FINANCE.
STOCK EXCHANGE MOVEMENTS.
I The S'ock bxchanecs throughout the Com-
monwealth closed jratcrda) for their Easter
[vacation, and w11] not be le opened until the
¡moraine of Thursday, 24th inst Broker»
I will be quite rlad to absent themselves from
j the usual routine, as the market for the
] pan week or so has been very hfelcM and
'it is hoped that an interval of nan-tndinK
I will result in more animated dealing: when
rbualncfls u resumed acain Gilt edited «tocke
i have maintained a fairly high standard, but
j the volume of business transacted in indu*,
trial stock-i hos been disappointing As the
j interest return af Commonwealth loan issues
j server as a ireneral indication of the trend
of the money market, the follow in" com
i parison ot the interest rcturnj jt yester
I day's lince with those ruling twelve month"
! »¿o will be of interest Redemption *s taken
j int > account in the calculations iriven
Loan Ytuterdaj's pr cc Yield
U'4 per cent. 1125 ¿98 7 I êfi 11 0
' i'A Per cent. 1927 97 12 b 7 1 0
s per cent 1927 97 0 (l r 9 l>
I 1 per cent 1928 9-, lu 0 I 1 0
-, pei cent 194S " 97 10 » 7 7 II
b per cent 19J0 101 15 0 I 0 C
Loan Price 12 mths a^o l Kid
4'j per cent 1923 ¿99 2 0 ¿o a m
41. per cent. 1927 99 on 7 2"
7 psi tent 1927 99 12 (i 7 IO I
I 7 per cent 1928
| i pei cent 1948
G pei cent 1910 10, 0 (I , 10 C
Hie above speaks for itself and indicates
i the dearer monev market to which wc have
I frequently made reference in th s column
«urinr the past two or three months
On Ma> 31 n considerable amount of money
will be in circulation consequent upon the
repaj nient in cash of the unrencw^j ffiatu
ity bonds The total of the latter issue w a.
little short of £19.000 000, of which ¿f>000
000 of bonds was held by th» bank, an 1 in
the recent lonn ¿3,774 000 was convened so
that repayment» will to al approvimateh
¿9 000 000 No further interest will be due
from the Commonwealth, with the exception
of the Gntuity Loan until June lo
Sellers of Tasmanian stock have been p-*o
minent, and the demand unequal to the
suppl> What measure of «ucee s is ittcnd
ing the Governments 6 per cent lencwnl loan I
i-, not vet apparent I
Amonir banking stoiks a mild sensation I
has licen caused by the appeal just circu-
lated b) the National Bank of Australasia
for 1773,000 of ne« rápita!, and in aiidi
t'on ¿lfiiOOO of premiums on the new I
i«»ur Wc dealt fully with this matter in
i nicuous article It i-, a bold move ann'
it-, success will add creatly to the strength I
of. -the institution, ßivia^ it a paid up capí i
tal of 1.4 000,001) anil increasing its re-ervc-.
to ¿1 9fi!,72f It is known th it other banks
opcntintT in Australia ire wmtinir a favoui
able opporlunit) to launch similar proposal* '
Man> of our popular industrial .-.locks have!
lost ground during: the past week, notabl>
Electrolytic Zinc and Broken Hill Pror no-
tary, the preference shares of the former
company receding to 27s, vv ith a slightly bet
t'r tone obvervabl. ti the i.v(,han¿es close
Tlie latter have l>een fo-ccii down to 25a fid
on heavy selling Hume Pipe also show weak
ness at about 21o, due to absence of sup-
port Dunlop Rubber, ordinär), after tourh
inc 39s ,n<l, e\ dividend have recovered
to about par, but supporter! of this ¡.tock
hive grcatl> diminished in number conse-
quent upon the dlsaptwinting dividend rate»
of recent jears Transactions in Hobart
Gas sha-es have been recorded at 17s rd
with sellers now quoting 17s 9d The Held
to the purchaser nt this prict k S j>ei cent
Cascade Brewery are wonted a- 28s, with
sellers quoting; 29s. Colonial Sugar ev riches
have changed hands at ¿7-S 10s which u,
c-quivalcnt to £08 for the old i-harcs Wil-
cox Mofflin «how a firming Icndcnc) at
JSs rd
$