The Sydney Morning Herald from Sydney, New South Wales, Australia • Page 5

The Sydn.v Morning Herald, Jnn. 1956 N. York, ILK, Markets Gain Ground A.L.P. STUDY SOON OF CHARGES financial News Share Issues Falling While Debentures Rise Share issues announced by public com-panies in Australia in the December quarter of 1955-56 fell to the lowest total since the June The New York and Lon- don share markets ended 1955 with increasing buoy' ancy. A new Beak was attained In of lysi-ss, two ana a bail years ago.

quarter New York, while in London average prices of industrials were at the best levels since Federal A.L.P. officials will probably come to N.S.W. in about a fortnight to investigate charges against two State A.L.P. officials. unwever.

companies announced their intention to raise a total of 10.6m by way of debentures, registered drew more heavily on public mid-August. THIS WEEK ON 2BL-2NC TONIGHT at 8.15 DAVID OISTRAKH one of the World's Greatest Violinists plays: Sibelius Concerto for Violin and Orchestra TOMORROW at 9 p.m. MUSIC OF FRANZ SCHUBERT I Presented by RICHARD LEWIS, Tenor; DENNIS I BRAIN, Horn ERNEST LUSH, Piano. I NOTEi Schubert tm the only public concert of hla work March IIU, In Vienna. In thli programme listener, hear partial reconstruction of thai concert, organised by th.

B.B.C. Third Propamine, and broadcast from th. Royal Festlral Hall. Details of your ABC Programmes art in the ABC -unwr'i 11 1 A buying rush on Wall unconvertible notes, and con vertible notes. Street as the year came to a funds ty way ui iw Itrest debentures and varl ns tvoes of notes.

Their visit might revive Kane and Rooncy are that they were associated with an alleged fake how-to-votc close sent up prices of first-class industrials by two dol the faction fight within the partv between Industrial Thus, the total of capital kuies announced in the CONVERTIBLE NOTES The gradually increasing use of the convertible note lars or more, says an A.A.r. Group supporters and fol ucKet at tne party State con ference last August. message. Some special stocks was actually greatei lowers of Dr. Evatt, Trades recorded sharper gains.

than in the September was again evident. Supporters of Dr. Evalt in Hall 'observers said last Wall Street repeated its per N.S.W. have aliened that In. mistier.

Five more of these issues formance of 19S4, ending the dustriat Group suoDorters The December quarter is fit since the Prime Mini- were announced during the quarter, involving 2. 8m, the year, at a record level. handed pro-Evatt delegates 24 fake "how-to-vote" cards. night. The two State officials are the assistant State secretary, Mr.

J. T. Kane, and the northern organiser, Mr. F. P.

Rooney. Dow Jones index of Indus. mr appealed to industry for largest quarterly total since trials was at a peak, 404.39 at Kepco introduced the tech. FEWER ISSUES nique into Australia in Informal Votes It is alleged that the cards Both were rhembers of the Industrial Groups, which have In the quarter 47 companies share issues involv Included in the note issues OVERSEAS INDICES LONDON now lost official party had two number 14s purposely placed on them to make those following them record an informal vote. ing 8.85 million, compared was the largest single capital announcement made in the quarter the convertible note Dec.

58 Dec. 19 Dee. 30 Charges against Messrs. Oovl. leci.

90.18 90.16 90.08 8.78m for the previous fcvatt supporters claim to issue of 2.34m by Toobeys Induslrlala 199.80 200.00 200.40 have a statutory declaration Lid. All-time peak, 223.90, July 21 NEW YORK DOW JONES AVERAGES Company debentures con from a Newcastle man naming Messrs. Kane and Rooncy as tinued to raise their issue tar quarter. The total for the first six months of the current year, 116 companies for 27.63m is well below the rate of 289 companies and 79.24m for Dec. 28 Dec.

29 Dec. SO After wailing for more than an hour at Mascot airport Mm. T. Lucas finally held her three-wceks-old grand-nephew Fulla in her arms. Fulla and his mother, Mrs.

Donisia Stoikakis (left) arrived by KX.M. migrant plane from Athens yesterday. gets (at higher interest rates), 20 Railroads 163.09 162.15 163.29 30 lnduitriali 484.22 484.56 .4118.40 Man Charged With Intent To Kill Wife ocmg Lunccrnca wun the alleged faking. Seven companies announced Sale! (l.OOOl 1.990 2,190 2.MU They have alleged that be plans to raise 4.6.4m at vary All-time peak. ing interest rates.

cause of the faked ticket 17 delegates at the State confer The semi Government 1934-55. SHARE ISSUES No. of Amount POLICE SMASH VICTIM DIES the end of 1954. and reached authorities, however, were ence were misled into record Police told Campsie Court the new peak of 488.40 as only moderate borrowers by Coys ing informal votes. They claim that the 17 in.

1953 ended. comparison with recent years, of Petty Sessions yesterday 1953-54 formal votes resulted in the but tneir notations continued Gain of the index for 1955 12,644.834 to meet with little success. pro-Evatt faction losinn the was thus 84 ooints. represent that a man had fired two shots at his wife during an argument at their home 14,508,450 20,628,960 Interest rate rutins on semi. ing an advance of about 21 Sept.

qtr. Dec. qtr. Much qtr. June qlr.

ADELAIDE, Monday, Constable John Raggatt, 26, one of two police motor cyclists seriously injured in a triple motor cycle collision on New Year's Eve, died in the Royal Adelaide Hospital early this afternoon. conference, and the pro-Group faction retaining con Government loans is 4 per per cent. 9,297,994 unchanged since Novem But the index made a bigger trol ot the Mate branch of the early in the morning- Eric Charles Richard Weil, ber, imz. party. 201 57,080,218 Total Hill Road, West Tapley'i The other policeman, NO-PAR-VALUE 57, bus conductor, of George's Sealed Unit Re'rlittalor Incorporating Beauty, Quality, Efficiency, Economy, 13215- Cash or Terms.

See the full rnnne ot 6 Beautiful models. courage and devotion to duty when he chased an interstate criminal driving a car and A highlight of the capital River Road, Croydon Hark, sweep than this during the year because of a recession in mid-January. The index then dropped to 388.20 lowest point of the year. Ascent to the year's closing level was Constable Richard Harvey, 24, of Esperance Street, market in the quarter was the was charged with naving The Federal executive of the party last November decided to instruct its officers to investigate the charges and report back. It stood the investigation over until after the Federal FlTe Yei Guarantee.

arrested him at gunpoint. 26,202,101 19,997,935 17,379,603 1954-55 Sept. qtr. Dec. qtr.

March qtr. June qtr. Dover Gardens, is in the 76 86 65 62 wounded Florence Hope Weil with intent to murder. announcement by a Canadian company, partially owned in hospital with the base of his This Christmas Constable Raggatt organised a collection among police officers for pre 15,656,460 Australia Placer Develop Detective-Sergeant T. King.

lull points. LONDON SLOWER ment Ltd. that it planned to skull fractured, concussion and a fractured leg. of Campsie, said Mrs. Weil elections.

Total 289 79,236,099 convert its one dollar shares Although the London share Trades Hall observers said He has not yet regained Beach. The police officers, who were riding solo machines, met Cragnolin head-on. Constable Raggat's left leg and arm were amputated on Sunday night. He was receiving blood transfusions up to the time of his death. He lived with his wife and three young children at Warradale Park.

Constable Raggatt joined the force in April 1951. He received a special mention for was in Canterbury Hospital with bullet wounds in the into share of no-par-value. market made strong progress sents for the children of Constable Ronald Grosvenor who was killed by a truck on the Anzac Highway in July LCTWC SEALED REFRIGERATORS last night that the Federal consciousness. This was the first move to abdomen and thigh. Her con- The third motor cyclist was 18,784,000 1955-56 Sept.

qtr. Dec. qtr. in December, it closed 1955 well below the all-time peak reached in July. 69 47 dition was serious.

introduce the no-par-value share to Australia. killed instantly. last vear. 8,831,354 He was (jiovanm Uagno- A .22 rifle had been used. Mr.

A. Fordyce. J.P.. re Another innovation over the president. Mr.

F. E. Chamberlain, the Federal secretary, Mr. J. Schmella, and a member of the Federal executive.

Senator J. Toohey, will make the investigation. Like Wall Street, the London From Christmas Eve until last night 59 road accident victims were admitted to hos lin, 24, of the Glenelg mig Total 116 27,635,3541 period was a conversion cer market ended the previous year manded Weil until to-day. Bail rant hostel. at the highest level ever tificate offered with long-term debentures, as distinct from The accident occurred on was not granted.

pitals in S.A. Two died. attained. The "Financial Times" nrice (The share issue figures, which are compiled by 'The Sydney Morning Herald," in unsecured notes. Mutual Ac index of industrials was then at ceptance Co.

Ltd. introduced 184.00. It rose to 197.50 in volve only announcements of mis wan puruun oi lis acocn-ture loan. February, but in the middle of March when the market was cash issues by companies. Bonus issues based on re either to shareholders or to' dominated by sellers, the index dipped to the year's low level valuation of assets slackened the public.

It does not in in the December quarter, whenl clude shares issued as consideration for purchase of an 175.U. Recovery followed, and with seven companies announced plans to distribute shares in other company, bonus issues, or share placements or sales. greatly increased buying interest in June and July, the market moved swiftly upward. volving 1.8m. rn Jn the previous quarter 21 W7 It does include the premiums on cash issues.) On July 21 the index stood at bonus issues were announced the peak 223.90.

amounting to 3. 8m. Largest share issue of the Reaction acain occurred in Aueiist when the index went quarter was announced by Industrial Acceptance Holdines bock lo 192.90. UUYJU F.W. HUGHES IND a hire-purchase company.

This A steadier tone prevailed until '1 OPERATIONS December when nrices strength issue covered dti.suu.UOU, in eluding 500,000 premium. ened under more spirited bid FINANCIAL ding. The secretary of F. HiidMpc Industries Mr. W.

Valen At the end of the year the tine, has sent the follow inn letter nine tunipunies announced preference share issues involving 620,000. This is well below the previous quarter's to me syaney mock Exchange: "Follnwina the death of Iht man. in 1 mm La jWa Lni Li index was at 200.40. Net advance over the year was 16.40, or 9 per cent. BE ait inn director of our trading com panies, mt.

k. w. sa keld. as re In contrast, the index rose by 48.20 from the Jcar's low level Ml JVl million, also asked by nine companies, but is above the rate ruling last year, when preference issues were not in ported in the Press, the operations of this company and its subsidiaries! will be carried on by the remaining directors and executive staff, with in March to tne July peaK. Mr.

k. a. i nomas continuing in his position as neneral manaser. favour. "Mr.

B. O. Smith wilt continue a. The increasing dearness of SYDNEY 'CHANGE RE-OPENING money is reflected in the chairman of directors of this company and all its subsidiary companies. jllaiger number of preference it is ocrnans needless to assure shareholders that the funds of the Kit ut i I'rtM INDUSTRY UT PEAK LEVELS snare issues.

company are not in any way affected The rate of interest offered BY PUTTING YOUR SAVINGS IN ov tnia unfortunate nor The Sydney Stock Exchange reopens this morning after will it result in any selling of shares to meet tne requirements oi prooate the Christmas-New Year re. during the quarter was 6i per cent, to 8 per cent. In the correspondinc Quarter a vear tor Mr. aaiKcio estate." cess. At the close of 1955 trad earlier, the rate ranged be WATER BOARD LOAN AUSTRALIAN FLESHIBLB TRUST ing, the investment share market had a sound basic tone.

Average prices were at much the same levels as at The Sydney Water Board cash and tween and per cent. I The tightened supply of money from bank sources is held responsible for the sharp increase in the more temporary fixed interest stock issues. conversion loan of 900,000 which opens to-day lias two optional cur the beginning of the year. rencies 5 or iu years. Selective buying over a Each currency is issued at car and NOW OPEN FOR PUBLIC INVESTMENT wide range of issues was sus carries an Interest rate of AV per cent.

In the quarter 14 companies Closing date la not later than tained up to the end of the year, but there was a general January 2.V inc loan is underwritten or lan I'otier ana co. note of caution. Commonwealth bond bust METAL PRICES ncss is expected to be of good BRITISH DEFICIT volume to-day as a result of Ounlatinn. nn thm A- you a shareholding interest in 100 big public companies representing every phase of Australian industry companies such as National Bank, Commercial Bank, David Jones', Waltons-Scars, O. J.

Coles, Wool-worths, Broken Hill Proprietary, Holeproof Berlei Kraft. You and every Australian have the opportunity to share in the prosperity of Australian industry. At the same time you can earn double bank deposit interest on your savings. 9th Australian Flexible Trust now open under the management of Australian Fixed Trusts Pty. Ltd.

gives banked up buying and selling irm rnuay were: LONDON, lan. 2 (A. A.P.). British orders over the holidays Treasury returns for the nine months Buyer Seller Movement Ion ion. Mid-price.

ni tne financial year lo Dec. i Prices rose sharply as trading showed a deficit on ordinary account nf iol71 Am. COFPERi for 1955 ended. The Melbourne Stock Ex This billboard of the "Financial Review" a "Sydney Morning Herald" publication emphasises the great prosperity of Australian industries as seen by financial experts. This with a deficit for Spot 399Vi I mint lOltA 400 3 10 394 3 5 I the correspond inn period last financial year of change will reopen to-morrow.

LEADi Ordinary revenue, includinr aetf- Spot 120 1 miti. 1 1 CI. 12014 1181 3 7 2 5 0 balancing items, for the period was deaiiPiCi U.K. GOLD PRICE tpot lot mtht QfiiA 10114 9844 1 7 1 10 Istgj.U3V.Km against a year earlier. Ordinary expenditure.

Including self-balancing items and sinking BOyfSLi 7HIE INCOME ON YOUR SAVINGS TLNi The London price of gold. fine. Spot 83 1 1.4 5 0 funds, was compared last Friday was stgl296i oz (up lWd). R32 813 1 3 i rtllhj, 812V 0 0 with lids Amount of Savings EXTRA Gain to You per year Bank Deposit Interest per year Average Income from Trusts per year TO DAY'S RADIO PROGRAMMES 100 3 0 0 2 10 0 5 10 0 21) Ft Solnnlnff Tons: 6.15. Life TUESDAY, JANUARY 7 a.m.

tn B.m. JOB; Newsrecl: 12.30, News. JllEi News; 12.15, Dick Fair. 21 News: 12.15. Cookery; can He ueautttuit e.JU, seriau.

250 zuwi aertais. ICHi Serial: 6.15. Music. 6 5 0 7 10 0 13 15 0 12.30, Music: 12.45. Mothers.

r1 liySI111" "nd Earlw 7.15, I'luUist Session; 7.45, Ncwj. Orchestral! 7.10. From the UMt Anoelus: 6.4. Ton of the ZCHi Newaletteri 1.19, news; 12.30, Del's Diary. 2SMi Anoclua: 12.4.

Sacred Heart; evening; 6.45, Best irom Hex. 2KYi Music: 6.15, Aquarium Corner; 6.30, Top Tunes; 6.35, Show Melody! 7.45, News. IGBl News; 7.15, Railway Infor-Mom 7.30. News; 7.45, Rhythm. 500 15 0 0 12 10 0 27 10 0 12.15, Music; 12.30, News) 12.45, Onnrl Aftirni-inn case.

2KYi Variety: 12.30. lOD tunes; 'uti Musk; 7.15, Weather; 7.17, l'rit 'i0, Ncws! 7'45' Muslc- 7 p.m. 10 p.m. 2FCt News: 7.15. Life of Bliss: 12.45, ceicorit.es.

7.45. Isador Goodman. 1 p.m. to 2 p.m. 1,000 18 15 0 36 5 0 55 0 0 2BLi News: 7.i.t.

commentary; Km Breakfast with Brian! 7.45, 2FCi Blue Hills: 1.15. Cricket 7.20. Music: 7.45. Radio Dioest. summary; 1.20, Stage and screen; zgh: scnais; 7.30, Leave it 10 "a To-day: 7.5, Shower 1 Ml.

OffWC. tne (Jiris. 2BLt Hall or Harmonv: i.3u, news; 2,000 iNrVi '-Jw' nauacs; 2ULt News: 7.10. Lommenlarv: 25 0 0 85 0 0 110 0 0 1.45, Voices from Overseas. 7.15.

Serial; 7.30. Kayser Show. 2UW: News; 7.15, Serials; 7.30, Who Said That? 2GB: Serials. 2 LIE: Dick Fain 1.3(K Music: 1.45, Music; 7.20. Top Tunes; M.

Music; 7.45, News; 7.50. Comedy. Your Child. 2CHi News: 7.15. Music: 7.30, iuwi crazv snow: i.ju, Auan Rhvthm.

7.45. Melodies. a.m. tn 9 a.m. rr.

looncy, 2SM: News; 7.15, Wedding Bells; SEE) aKjlJiiiJ GEEQ GEE) 00 (0000 11.7,1 tn'eriatncrs; e-13, Hospital Main S.45. Serial. MU. MUSIC. itHt jjci uiary; i.ju.

music. 2SM: Auburn Show; 1.15, Pops; MrZ.L Melody; 8.30, 1.30. Favour! Its: 1.45. Music. 2KYi variety: 7.30, world stars.

o.m. lo 9 p.m. 2KYt Australian Music: 1.30. 2FCt Isador Goodman: ft. 1 5.

favourites. aisamjiMreri'i Story Time; 8.30. Serials. "Death Ships 1.45, News als 2 p.m. lo 3 p.m.

Tlu abon fifitret an baud on Income, paid over the last Irn ytars by Mali manatti by Australian Fixed Trusll Ply. which has averaged between and 6t per year. Kcview. Sfti 8 Little PaUi 8.24, fc'S 2FCi Housewives Choice: 2.30, jbli 1.15. urcneatrai.

2GB: Jack Davev: 9.30. Ford lru. 'JU' oenais. British industry Makers 2.45, Music. V.r;,uul" corner; h.5, some- Show.

YOUR MONEY IS PROTECTED iDLi music i-over. 2GBi Storyteller: 2.15. Serial: 2.30, CASH AT ANY TIME 2UEt Boo ever: 9.30. Address1 'gja; J.45, Hospital Unknown. News; 2.45.

Serial. IUWI Drama: 8.30. Search for a-13, rour lor zuk: Muitc. 2UW: News: 2.15, Serials. ICHi Freddie Bamherocr.

MI5S l.V. 2CHt Concert; K.30. Music. 2SM: Life la Worth Li ins I 8.30. Australian Fixed Trusjs Pty.

Ltd. guarantees to convert your Trust Certificate into cash whenever you wish, without delay, at market price current at the time. Because the 100 public companies, over which your investment is spread, have 2SMt Music; 2.45, GrcetinR Time. tnlcrtainersl S.30. Music.

In in Mimic. 2KYi t-esuvai siarst 8.30. Monev Asklnn; 9.50, ziiYt rcter Bergin; 2.J0, suourma, 3 p.m. to 4 p.m. lFCt Cricket! 3.35.

Music. been specially selected by financial experts on the basis of, their past success and future prospects. on wneeis. 2BL: Music Lover: 3.20. Talk: 9 p.m.

lo 10 p.m. lFCl News: 9.15. Music. T2r '-20. Music! 9.30 awl Rhymei; 9.55.

Music. I Serials. i.m. continental music. OPENING PRICE IBLi 9.15.

B.B.C Plav. "Eueene Onenln." I Because the Perpetual Trustee Company, the largest trustee company in the 2GB: Plav: 9.30. Satan la Mv i Shadow; 9.45, Music. 2'' PER UNIT 2GB: Eric Parrant. 21) Call from UE.

2UW: Serials. 2CHi Freddie Bamberger. 2SMt Music. SKY: Suburbia; 3.30, Melody. 4 p.m.

lo p.m. 2FCl Tea fiummarv (Vie. S.A Southern Hemisphere, acts as Custodian Trustee on your behalf, collects the dividends for you and sends you a cheque each half-year. zuei While Kabbltt 9.43, Fancy Free. 2UWi Music: 9.30.

News: 9.45. ttV. 'V "IKS. INVEST NOW Call at or telephone your nearest A.F.T. office SYDNEY: 41 Hunter Street.

BW2741. NEWCASTLE: King Newcomen Streets. B4398 WOLLONGONG: 50 Crown Street. 21 13. WAGGA: 120 Fltzmaurice Street.

Wagga 4127 GRIFFITH: 173 Banna Avenue. Grif. 1217. TEMORA: 168 Hoskins Street. Tern.

699. If music. mm, Bi I On Stage. 2CH: Variety Fanfare: 9.30. Greek Session; 9.45, Music.

I 2SM: Tuesday Night it Nine; 9.30, 4,05, Music: 4.15. B.B.C. Newsrecl! Because Australian Fixed Trusts Pty. Ltd. have had nearly 20 years' experience tkSr nlni 10.15, Famoua railaeri! 10.30.

Women'a Session. Applications received before the 31st January will be allocated at the opening price of 20- per unit. Thereafter, prices of units may vary 4.JU, cricket. ZBLt Newsi 4.15. Music.

2GBt Luckv Number 1 4.30. Teen1 of successful trust management. Over 12,000,000 has already been, invested by thousands of satisfied Australians in trusts managed by Australian Fixed Trusts. jonn nari rrcsemi, 1 2KYi Favourites; 9.15, Melody; 9.30, Showlight; 9.45, Past Hits. Time; 4.35, News: 4.38, Teen Time.

I from day to day. 2UEi News: 4.15, Music; 4.30, 19 p.m. lo 11 p.m. 2FCt 10.15. Tuesday Storvi 10.30.

utue ran; 4.43, Kumpus Room. 2UWi Serial: 4.15. Mtuici 4.30. Tempo of the Times. Blind Appeal: 4.35, Music.

zm.i 111 cienritv KeciwuinM or SEND THIS COUPON hS Df 2GBt This Believe: 10.13. Newsl iuni iviuHic. UMi Mtisle! i ll. Mewsi 4 90. I HHi Summary; 10.22, Notice Birthday Callit 4.30, Uncle John's IKVi r0IIIli .45.

INeWI. uang. 10.30, singtng sura; 10.43, Australians In Music. I 2UEt Continental; 10.15, Music; se O0 10.30. News: 10.43.

Fancy Free. 2KYi Melody: 4.30, Variety. 5 p.m. lo p.m. 2FCt Children's Hour.

1RI.I rrlcbel) Xti. rhlMrMa Ch. AUSTRALIAN FIXED TRUSTS PTY. 41 Marnier Sti-Mt, Sydney. 'Phenti BW 271 BW 1287.

Send me, without obligation, free booklet, "How To Make Your Savings Grow," with full details of 9th Australian Flexible Trust. 2UWt Music: 10.15, Current ir. Hour. slon. Affairs; 10.30, Star Barometer.

2CH: News; 10,15, Music; 10.30, London Report; 10.45, Charm, 2SM: John Hart Presents. 2KYi Old-time Dane Inn: 10.30. Sewlnn 11.45, Toast of the Town. 2GB: 5.30, Serials. 2UE: Rumpus Room 5.45, Spinning Tops.

2UW: 5.30. News; 5.45, Serials. 2CH: Serials; 5.35, Pals. 2SMt Tee'h riith. II B.m.

to MldnlaM NAME. 1U0 lFCl News; 11.20, Mcdiutkm and raws. 2KYt Radio Record: 5.30, Devo- Music: 11.30, close. 2BI.t Close. 2GRt News; 11.15, Close.

2UEt Fancy frcet.11.30. Clow, 11.15. Women'i ADDRESS- uonii 3.t3, Kay lonroy. p.m. lo 7 a.m.

llJWt Starllvht Serenade (then Nam continuous broadcast from midnight to dawn). tm SSMHI. 2FC "Blue fi.l. Latest and Brltthiesti 6.30, Cricket; 6.38, Sport Highlights; 6.45. Pickwick Papers.

2BLl Melndvt KAtt. Inrimfrw Ntw.i nil av zuhi unarm; 11.43, Meaiiation; UUi Ftvf nf the Dav. IiTiV uHjrf v.nt i.igni upcra. 2KY: Toast of the Town; 12, Cote. 2GB: Serlilii 6.45, News..