Image TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage Tile
Image size: 7168x9728 Scale: 35% - PanoJS3
Page overview thumbnail

Article text

Bank of New South Wales Firmer.
SYDNEY, Sept. 3.— On fairly brisk
trading the investment market again had
a firm basis today. Although price move
ments were restricted, trains easilv oul
numbered losses. Australian consoli
dated securities were quiet and slightly
irregular. Two of the short-dated issues
relaxed, reducing the yields to 3£ per
cent, but the longer currencies were
sought and a rise in the 1961 issue brought
the yield close to 3* per cent. Bank of
New South Wales resumed a hardening
trend and the price stood at the highest
level for about four months. Tooth was
dealt in heavily at a steady rate. Coin
ciding with the opening wool sales in
Sydney pastorals brought better figures',
although Goldsbrough, Mort was sold
down in the later stages. Leading in
dustrials made a strong display. Despite
a new -high record touched by the price
of gold in London at the week-end gold
shares were scarcely so active today as at
the close of last week. Prices strength
ened but a few prominent issues were
among those showing minor reactions. It
appears that .the latest increases in the
price of metal are causing some uncertainty
in the market.
Sales included the following: — Consols, 4 per
cent, 1938, £104/5/; 1941, £106/2/6; 1944,
£108/1/3; 1947, £109/7/6; 1957, £108/5/,
£108/7/6; 1959, £109; 1961, £109/10/.
Banks: Commercial of Sydney, in IT I; New
So'ith Wales, £32; Union, £9/10/. Miscellaneous
investments: A. Hordem, 14/3; Australian Glass,
54/6, 54/3; British Tqbacco, 87/6; B.H. Pty.,
49/9, 49/6; Dunlop-Perdriau, 20/7}, 20/9;
Goldsbrough. 31/6, 31/71, 31/3; Howard Smith,
15/9, 16/; Wilcox Mofflin, 13/. Mining: Bro
ken Hill South, 81/6; Sulphide Corporation,
7/9; -Boulder Perseverance, 4/8, 4/7; Great
Boulder, 15/6; Lake View, 36/6, 35/9; Mt
Morgan, 31/6, 31/9, 31/, 31 /lj; Norseman,
43/6; New Guinea Goldflelds, 7/4. 7/5;
Psrinjja, 7/, 6/11; Placer (ex rights), £26/10/.
$