FOREIGN EXCHANGE

Dominion, Volume 29, Issue 220, 13 June 1936, Page 14

FOREIGN EXCHANGE

On New Zealand Currency Basis . DIRECT DOLLAR RATES The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday :— New Zealand Buying. Selling. on

O.D. 34:1 35 31-64 T.T. represents telegraphic transfers. O.D. represents on demand transactions. The above rates are subject to alteration without notice. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canada (perflN.Z.) (perflN.Z.) Selling— dols. dols. T.T 4.024 4.034 O.D 4.03 4.04 Buying— O.D 4.074 4.08$ Position of Sterling By Telegraph—Press A.ssn.—Copyright London, June 11. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on June 10: — June 11. June 10. Par.

tSellers. official. ♦Sellers. tPar. 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, June 11. Gold.—£6/18/9 per ounce, fine. Silver. —Cash, 19 13-l Gd. per ounce; forward, 19 13-16 d. INDUSTRIALS ADVANCE Australian Share Markets (Received June 12, 9 p.m.) Sydney, June 12. The continued steady demand for industrial shares on the Stock Exchange to-day was responsible for a price rise over a wide range of issues. Government bonds remain quiet. Sales: Commercial Bank of Sydney, £2O; Queensland National Bank. £5/7/6: Union Bank, £9/15/-; Colonial Sugar. £42/2/6; Associated News, 22/-, pref. 22/6; Adelaide Steam, 29/9; Howard Smith, 19/4s; Australian Gas, A. £7 12/-; British Tobacco, 41/3. Tooths, 52/6; Carlton Brewery, 57/-; G. J. Coles. 80/9: Dj-tig Houses, 31/1$; Australian Iron and Steel, pref., 25/7$ ; Australian Glass, 94/6: Dunlop Perdrinu. pref., 34/3; Goldsbrough Mort, 32/4s; Winchcombc Carson, 31/3; Wileox Mofflin, 11/3; Henry Jones, 41/-; Farmers, 31/-; David Jones, 46/6 ; Lustre, 25/9. General Industries. 19/4s; Australian Gypsum. 19/9; Australian Guarantee Corporation, 26/-; W. II . Soul, 76/-; Hume Pipe, 20/10J: New South Wales Montdepiete, 32/6; W. R. Carpenter. 43/-; Goodyear, pref., 31/-; Amalgamated Wireless, contributing, New Zealand delivery. 36/6; Woolworths, ordinary, buyer at £5/12/6. seller at £5/14/6. but no sales. Mount Morgan, 15/6; Broken Hill Proprietary, 73/-; ditto, new, 50/7s; North Broken Hill, £B/6/-; Zinc Corporation, 81/6; Placer Development, £5 12/6. Morning sales included: Commonwealth bonds, 4 per cent., 1938, £lO2 15/-; Commercial Banking Co. of Sydney, £2O/1/-; Commercial Bank of Australia, 19/6; Broken Hill Proprietary, new. 50/-: Dunlop-Perdriau Rubber, 18/6; G. J. Coles, 80/6; Howard Smith, 19/4s. Melbourne, June 12.

Sales on the Stock Exchange to-day included: Commercial Bank of Australia, 19/5: Electrolytic Zinc, 38/6; G. J. Coles 80/6; Herald and Weekly Times, 69/9: Goldsbrough Mort, 32/71; South Broken Hill, £5/13/6; Mount Lyell, 24/4}; Emperor, 13/3; Loloma, 18/3.

London — £N.Z. to £st" 100 T.T. 12-1 124/10/O.D. 123/10/124/8/9 Australia — £A to £N.Z. 100 T.T. 101 100/10/O.D. 101 100/10/Fiji— £F.to£N.Z. 100 ... T.T. 90/7/6 89 O.D. 90/7/6 89 New York — Doi. to £1 N.Z. T.l. 4.06} 4.02} O.D. 4.07 i 4.03 Montreal — Doi to £1 N.Z. T.T. 4.06J 4.03 J O.D. 4.085 4.035 AustriaSchillings to £1 N Z T.T. 20.93 O.D. — 20.95 Belgium23.731 Bel. to £1 N.Z. T.T. O.D. — 23.742 Czechoslovakia — 96.51 Cr. to £1 N.Z. T.T. •— O.D. —. 96.56 Denmark — Kr. to £1 N.Z- T.T. 18.203 17.893 O.D. 18.263 17.903 France— Fr. to £1 N Z. T.T. — 61.00 O.D. — 61.04 Germany— 9.946 Mk. to £1 N.Z. T.T. • ■ O.D. — 9.951 Holland — Fl. to £1 N.Z. T.T. 5.921 O.D. —— 5.925 Java — Fl. to £1 N.Z. T.T. 5.87S O.D. —— 5.882 Norway— Kr. to £1 N.Z. T.T. 16.183 15.893 O.D. 16.243 15.903 Sweden— Kr. to £1 N.Z. T.T. 15.785 15.490 O.D. 15.845 15.500 Switzerland — Fr. to £1 N.Z. T.T. 12.379 O.D. — 12.384 Noumea — Fr.. to £1 N.Z. T.T. 59.63 O.D. —— 59.69 Papeete— Fr. to £1 N.Z. T.T. 59.78 O.D. —— 50.84 Hong-Kong— N.Z. d. to 1 dollar .. T.T. IS 7-16 19 15-16 O.D. 18 11-32 19 29-32 India and Ceylon— N.Z. d. to 1 rupee .. T.T. 22 9-64 22 57-64 O.D. 22 3-64 22? Japan— N.Z. d. to 1 yen .... T.T. , — 17 21-32 O.D. — 17 41-64 Shanghai— N.Z. d. to 1 dollar ... T.T. 17 5-32 IS 17-32 O.D. 16 31-32 18 33-64 Singapore— N.Z. d. to 1 dollar ... T.T. 34 7-16 35 J

N. York. (lol. to Montreal, dol. to £ 5.02 5.01 5-8 44.866 £ 5.03 5.02} 4.860 Paris, fr. to £ 70 17-64 76 3-10 124.21 Brussels, bel. to £ 20.71 20.OS 48.011 Geneva, fr. to 15.53 15.50.1 Amst’dam. fl. to £ 7.43 7.42} 12.107 Berlin, mks. to £ 12.47 12.455 20.43 St’holm, knr. to £ 10.305 10.305 18.150 C’hagen, knr. to £ 22.305 22.305 18.150 Oslo. knr. to £ 10.00 10.00 18.150 Vienna, schgs. to £ 20.75 20.75 34.5S5 Prague, knr. to £ 121.375 121.25 164.25 Hel’fors, mks. to 4 * 227 227 103.23 Madrid, pes. to Lisbon, esc. to X? 3613-16 36 25-64 OT OO"7 £ 110.125 110.125 116’" Milan, lire to A". 63.75 63.75 02.46 Athens, drach. to £ *533 *533 375 Belgrade, din. to £ 222 221 276.31 Bucharest, Ici to X* *077 *676 813.60 Rio de J„ p. to mil. 14} 41} t35 435 5.890 B Afros, p. to peso 47.62 51. Video, p. to peso 438 7-8 438 7-8 51 Calcutta, p. to rup. 18 1-8 18 l-s 18 Shanghai, p. to dol. 14 13-32 14 13-32 —— H.-Kong, p. to dol. 15 7-16 15 7-16 — Y’hama, p. to yen 14 5-64 14 5-04 24.582 Batavia, fl. to £ 7.305 7.3S5 12.107