EXCHANGE RATES.

Auckland Star, Volume LXV, Issue 234, 3 October 1934, Page 4

EXCHANGE RATES.

NEW ZEALAND CURRENCY BASIS

EFFECTIVE TO-DAY

The Bank of New South Wales has arranged to supply daily quotations of the basie upon which it is prepared to do business in the purcnase and sale 01 the foreign exchanges shown below. The- foreign currency is expressed in terms of New. Zealand funds, and two rates are quoted generally, one for trans-1 actions on a telegraphic basis, and the other for on demand or mail settlement. These rates are subject to alteration without notice. To-day's Rates. The abbreviations 'J'.T. indicate "telegraphic transfer," and O.H. "on demand. Buying. Selling. £1 N.Z. . T.T. Co. 13 D 0.13 O.D. c>0.73 50.18 "FranratOflN.Z. . T.T. 01.38 n8.38 O.D. 01.78 58.43 Papeete— „ Francs to £1 N.Z. . T.T. G1.38 58.38 O.D. 01.78 08.43 Belgium— Belgas to £1 N.Z. . T.T. 17.L , :!.", 10.033 tI.D. 17.335 10.300 Germany— Heichmarks to £1 N.Z ■ T.T. — 0.301 O.D. — U. 300 ItalyLire to £1 X.Z. .. T.T. — 45.32 O.D. — 43.36 Switzerland — Francs to £1 N.Z. . T.T. 12.202 11.802 O.D. 12.;;ii7 II.OOJJ Holland— riorins to £1 X.Z. . T.T. 5.0-10 5.000 O.D. 5.000 5.01)4 Florins to £1 N.Z. . T.T. 5.804 .1.009 U.D. D.044 5.U73 Japan— N.Z. peuce to 1 yen T.T. — 17 23-32 O.I). — — Shanghai— N.Z. pence to 1 dollar T.T. 213-8 22 11-10 O.D. 21 J 22 5-6 India and Ceylon—■ S.'/j. pence to 1 rupee T.T. 22 5-1 (5 22 2i::2 O.D. 22 .'MO 22 10-32 Hongkong— N.Z. pence to 1 dollar T.T. 24 25 1-1(1 O.D. 7-8 25 Singapore— N.Z. pence to 1 dollar T.T. 34 13-32 35 n-S O.D. 31 !)-32 lio 5-10 FOREIGN QUOTATIONS. (British Official Wireless.) (Received 1 p.m.) RUGBY, October 2. Foreign exchanges on London to-day, compared with rates previously quoted;— Oct. 2. Oct. 1. Tar. Montreal, dol. . 4.82." 4.81 4.Siu; New York. dol. 4.i)75 4.0-li 4.WH I'aris, franc .. 7413-S2 71 !)1U 12121 Brussels, belsa 21 20.04 3." Geneva, franc . I".02 15.01 25.22 Amsterdam, tl. 7.23 7.-2 A I'J.l"' Jlilan. lire .... 57.25 57 5-32 oL'.4fi Berlin, r.m. ... 12.15 I2.lfij 20.43 Stockholm, kr. I!).;s9i l!).3l)j" 18.130 Copenhagen, kr. 22.40 22.40 15.150 Oslo, kr 19.00J lfl.noj 18.]."!) Vienna, sch. .. 20.25 28.50 34.583 Prague, kr. ... 117 0-1(5 317.375 164.23 Helsingfors, mk. 220.50 220.50 129.23 Madrid, pes. .. ft." 20-32 35.875 25.221 Lisbon, escu. . 110.125 110.125 110 Athens, dr. ... 513 513t 375 Bucharest, lei . 4SS 400 513.0 Rio, mil -4.25 4.23T i>.i)d B. Ayres, dol. . 30.50 — 47.02(1 M'vldeo, dol. . 30.75 30 8-lOf 51d Bombay, rupee. 3SIIG IN I-l« ISU Shanghai, taels 17.75 17 0-10 • Hongkong, dol. 1ii.50 19 5-10 • Yokohama, yen 14 1-10 14 1-10 24.58 Batavia, fl. ... 7.10 7.23 12.10 Belgrade, din. . 210 215 270.31 All quotations are for cable transfers. •Determined od the price of silver.

i tSellere. DOLLAR AND FRANC. (Received 10 a.m.) LOXDON, October 2. T':' American dollar is quoted at 4.917 i cents to the pound sterling, and the franc at 74 3-16. SOUTHERN EXCHANGES. THE MARKET STEADY. (By Telegraph.—Special to "Star.") CHRISTCIIUKCII, this day. A lengthy quotation list marked this morning's call, but sales were not numerous. Values were steady to firm. The Government section was quiet, und buyers left several i.ssucs alone, though a notable offer was made for 19.55 4 per cent stock at £113, without a seller responding. There was a fairly steady tone among banks, with Commercials of Australia again recovering after yesterday's lapse. Ncvf Zealands had a continued demand at slightly below yesterday's levels. the market closing between £2 8/7 and £2 8/9. An unsupported seller for National appeared at, £3 15/. Insurances were again very strongly held, with no selling response for South British, and buyers at £4 13/6. National offers came in at £1 0/8, ivith holders 4d above. Steady requests for Loan and Agency stocks failed to produce business, though Goldsbrough, Mort had close quotations between £1 10/1 and £1 10/2. An offer for Loan and Mercantile ordinary stock was made at £45, with a holder £0 above that. Tooths were most active of the brewery section and sold freely on a falling market, quotations closing Id on cither side of the last sale price. A long list of miscellaneous issues was quoted, but not one sale was recorded Dunlop, Perdriau, D.I.C. (prof.), Broken Hill and Kauri all improved on buyers' offers, holders refusing to meet them except at their own .higher figures." Mining sales' saw late rates generally maintained, with an exception in the case of Mount Lyell, which dropped 2d from yesterday's levels to have business and, further sellers at 19/8. Waihi were much stronger, last month's price of. £1 13/3 being increased by 1/0 in reported business, with quotations on 'Change lying at £1 15/ buyers and £1 15/6 sellers. (By Telegraph. —Press Association.) CHRISTCHURCH, this day. Sales on 'Change.—Commercial Bank of Australia, 16/3; Bank of New Zealand. £2 8/9; New Zealand Breweries, £ - 8/2 (2 pareels) ; Tontli's Brewery, £2 S/. £2 7/10, £2 7/0. £2 7/S; 8011, KUeour. 3d (2 parcels) ; Brian Born. 1/3 (2 parcels) : Mossy Creek, 1/8; Mount Lyell. 19/S (3 parcels) ; Worksop Kxtonded, 2/2. Reported Sales.—Waihi (cum div.J, £1 14/9; ■Wcstport-Stoekton (prof.), -1/10. CHRISTCHURCH, Tuesday. Commercial Bank of Australia, 16/ ; Commercial Bank of Sydney, £17 11/; Bnnk of Now Zealand. £2 8/10 (2 parcels); Reserve Bank, £6 0/3 (5 parcels); Union Bank, £9 0/; Australian Provincial Association, 10/8 (3 parcels), 10/9; Kauri Timber, 19/2; Staples' Brewery, £1 10/2,; Tooth's Brewery, £2 8/; Anthony Hordern 14/10: British Tobacco. £1. 18/">; Duiilop, Perdriau. 19/1 (2 parcels) ; Broken Hill Proprietary, £2 11/9; Brian Born. 1/3J ; Skippers. 7d; Worksop Extended, 2/2 (3 parcels). Unofficial. —Golden Gully (1/ paid), 1/. WELLINGTON, Tuesday. Stock, 15/1/40, 4 per cent, £ 108; 15/2/46, 4 pur cent, £108 15/ (2 parcels) ;■ 15/4/49, 4 per cent, £111; 15/6/00,, 4 per cent £I] 2 17/ C; Bank of New Zealand, £2 8/9, £2 8/8; Reserve Bank, £0 9/; New Zealand Breweries, £2 8/4 (2 parcels); Dunlop, Perdriau. 19/2; New Zealand Refrigerating (£1 paid). 19/6. DUNEDIN. this day. Sales on 'Change.—Reserve Bank, £C 9/; Mount Lyell, 19/3; Bell Kilßour, 2Jd ; Gillesple's, 1/0; Golconda Holdings, 1/0; Sandhills, 6d. Reported Sales. —Reserve Bank, £0 9/; Bank of New Zealand, £2 8/9 (2 parcels), £2 8/101: (paid), 19/0: RefrhreraHng (con.), 9/4J : Broken Hill Proprietary. £2 12/3: New Zealand Paper Mills. £1 13/fi: Wool-worths (Sydney). £.", 13/3; Mount tturimn. (J 1 13/0: Bis River. 1/7J ; Golduelds, Hid: Skippers, 7d. DUNEDIN, Tuesday. Bank of New Zealand, £2 8/9; Bell Kilfiour, 3d; Bendigo Goldlight, 1/. i