AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22960, 11 February 1938, Page 7

AUSTRALIAN EXCHANGES

SLOW BUT STEADY GOLD ISSUES FIRM (Received February 30, 8,8 p.m.) SYDNEY, Feb. 10 Tho Sydney Stock Exchange to-dav continued to ho generally slow but steady. Sales included: — £ 8 d Commercial Banking, Sydney 20 4 0 Ditto 20 a 0 Bank of Now South "Wales.. 32 10 0 Nat. Bank A'asia (£lO pd.) 14 12 0 Australian Gas (A) .. 7 8 0 Carlton Brewery .. ~ 3 7 0 Queensland Brewery .. 17 0 Tooheys .. .. .. 1 12 0 Tooths 2 15 3 Associated Newspapers . .. 1 "2 (! Australian Glass ... 4 14 0 British Tobacco ..v. .. 2 10 it Broken Hill Proprietary .. 3 2 (t i Cash Orders ... .. 0 17 0 Colonial Sugar .. ~ 47 0 0 Ditto . . .. 41117 (I Drug Houses .. .. 10 0 Dnnlop-l'erdrian ... 13 <i'/ 3 Electrolytic Zinc 2 7 0 G. J. Coles .. .. 3 ll> (i Goncrnl Industries .. .. 1 (i (i J. McGrath 2 0 <1 Kandos Cement .. .. 1 (5 3 Mark Foy ~ .. 13<i United Provisions (pref.) . . 10 7 Wilcox MofTlin .. .. 0 10 4 , Woolworths (Sydney) .. 1 4 IVa Wunderlich '.. .. 10 0 Broken Hill South .. .. 1 13 0 Mount Lyell .. .. 1 10 0 Mount Morgan . .. 0 0 2 North Broken Hill .. 2 11 (5 Rawang Tin .. .. 0 0 3 Commonwealth Bonds. —3% per cent, 1018, £01) OS; 3% per cent, 104}), £9!) <>s 3d; 4 per cent, 103S, £lOl IBs; 1047, £lO5 10s: 1055, £lO4 12s Gd; 1057, £.104 12s Gd. MELBOURNE EXCHANGE On the Melbourne market trading was quiet with narrow fluctuations in industrials. Barriers were slightly easier, hut gold shares wore firm. Business included:— £ s d Commercial Bank Australia 0 17 2 Nat. Bank A'asia (£5 pd.) 7 4 0 Ditto (£lO paid) .. 14 11 0 Carlton Brewery .. .. 3 7 0 Aust. Invest. Trust .. .. 0 5 11. Broken Hill Proprietary .. 3 10 Duniop-Perdriau .. .. 1,3 4 Electrolytic Zinc (pref.) .. 210 3 G. J. Coles .. .. 3 10 0 Broken Hill South.. .. 1 13 0 Mount Lyell.. .. .. 1 10 7/ 3 Mount Morgan .. .. 0 0 3 North Broken Hill.. .. 211 •'* Zinc Corporation .. .. 6 4 6 FOREIGN EXCHANGES STEADINESS OF DOLLAR British Wireless KUGBY, Feb. 9 The following rates on foreign exchanges arc current, compared with the cabled quotations on February 8 and par:— '' Feb. 0 Feb. 8 . Par Montreal, dol. ... s.oo'Vn £>-00% 4.800 New York, doi. < r >.ol/< Paris, fr. . ■ 102/« ,19 !;?, Brussels, belga.. 20.55 20.<>_/a or'.w Geneva, fr. .. 21.00/4 -1.61/< Amsterdam, gr. 8.00/ i l-'J Milan, lire .. 05 3 / 1B 05 3 /.« 02 00 Berlin, r.m. .. 12.41/4 3 2.41 -0.4.3^ Stockholm, kr... 10.40 10-' JO 18.159 Copenhagen, kr 22.40 22.40 JSJ-H Osfo, kr. .. 10.00 10 ; 00 18.1 oO Vienna, sch. .. '-0% 20/ a Praguc, kr. .. 112/ i Helsingfors ,m. . 220% 103.-3 Madrid, pes. .. 65t oot L Lisbon, escu. .. 110/, 110/ to ~i9n fv Athens, dr. .. 547 A si'/? 3 <5.00 Bucharest, lei... 077% 07// a 813.0 Rio de Janeiro, m. 2 3 % ad* ~*%} A 5.80Jd Montevideo, dol. 22V a dt 22(1. 51d Bombay, rupee.. ISVidt l 8 '?^. Shanghai, dol.. . 14y 10 d 14/ lß d Hongkong, dol. 15d 15(1 —- Yokohama, yen 14d 14/'../I 4 /'../ To'Vn Batavia, gr. . . 8.04/» 8.94 A Belgrade, ilin... 210 2"' 7.1 oa Warsaw, zloty.. 20.40 20.40 43,38 tNominal. tMarket rate. 'Sellers.

NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis, subject to alteration without notice: — Selline: United States Canada T.T. . . • 4.01% „ 4.01"/, On demand .. 4.02$ 4.02/ ( # Uyi On demand .. 4.06% a 4.06VU Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice: — TofiNZ T.T. On Demand Currency ' Selling Buying SellinK U.S.A.. dol .. 4.0175 4.0023 4.0215 Canada, dol. .. 4.0175 4.0020 4;o2iri Austria, sell. . . 20.1)5 Belgium, belga 23.034 24.010 Czecho'vakia, cr. 113.00 Denmark, kr. . 17.803 18.203 I£-,800 France, fr. .. 121.05 Germany, r.rn. . 0.000 2"Vi^ Holland, fl. .. 7.158 7.318 7.102 Italy, lire .. 70.32 Java. fl. .. 7.129 7.319 ™33 Norway, kr. .. 15.892 16.242 15.898 Sweden, kr. .. 15.403 1 5.848 1 5.499 Switzerland, fr. 17.271 17.646 17.270 Noumea, fr. .. 120.40 Papeete, fr. .. 120.45 HongJcong? dol. 18 53-64 18 27-64 18 53-64 India, rui.ee . 22 21-32 2211-32 22 21-32 Ceylon, rupee 22 21-32 22 11-32 22 21-32 Japan, ycii . 17'/ a Shanghai, dol. 18 9-64 Singapore, dol. 35 5-32 34 37-64 3 5 5-32 Chefoo. dnl. .. 18% Manila, peso 30 1-10 20 15-32 30 1-10 The cost in Now Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Price Par s d s d London, pound .. 24 10.65 20 0.00 Australia, pound .. 10 10.81 20 0.00 Fiji, pouna . 22 5.00 20 0.00 New York, dollar .. 4 11.53 . 4 1-31 Montreal, dollar .. 4 11.57 1.31 Paris, frano . .. 0 1.05 0 2.28 Berlin, reichsraark . 2 0.00 0 11./4 Copenhagen, krono 1 1.33 1 1.22 Yokohama, .yen . 1 5.41 2 0.58 CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are.shown in the following table: — Canadian Constructor, Canada, dollars 4.09 Canadian Constructor, America, dollars 5.00 Fiako, America, dollars .. .. 6.00 Piako, Canada, dollars .. . • 5.00 Sangstad, America, dollars .. .. 5.00

SHORT LOANS AND BILLS LONDON DISCOUNT RATES LONDON, Feb. O Discount and short loan rates on t.ho London market are as same as those for last week, as follows: Feb. 2 Feb. \t p.c. p.c. Day-to-day loans . . Mt Vi Fine trado bills (3 mos.) 2to 2 l / a 2to 2'/, Bank bills (3 months) . "An "/» - Bank bills <0 months) . °A, "/m Treasury bills (2 months) % % Treasury bills (3 months) Va Va

AUSTRALIAN WHEAT VESSELS FOR .TRANSPORT Times Cable LONDON, Feb. n The City editor of tlio Times says there was a resuniption to-day of active chartering for the transport of Australian wheat. Seven vessels are known to have been definitely fixed, and it is expected that the total will bo ten by this evening, all on a business basis at minimum rates. Vessels so chartered will go to Australia in ballast.

LONDON STOCK EXCHANGE

LONDON, Feb. 0 * The recovery on Wall Street was reflected to-day in London, where "bear" covering was noticeablo, Business generally remains very quiet. LOAN AND MERCANTILE LONDON, Feb. » The ordinary stock of the New Zealand Loan and Mercantile Agency Company, Limited, is quoted at £3B 10s and the preference at £BS 10s.