BUSINESS QUIET

Dominion, Volume 30, Issue 174, 20 April 1937, Page 12

BUSINESS QUIET

Australian Share Markets METALS ISSUES WEAKER By Telegraph.—Press Assn.—Copyright. (Received April. 19, 9.20 p.m.) Sydney, April 19. On the Stock Exchange to-day Government loans were active and generally firm. Base metals suffered further reverses as a result of the weakness in the London price. Sales: Bank of New South Wales. £3B 2/6; Howard Smith. 23/71; Burns Philp, 85/-: Australian Gas, A, £7/4/6; Tooths, 57/3; Tooheys, 34/-; Touheys, rights, 8/10: Goldsbrough Mort, 37/3. Wilcox Mofllin, 14/-; Morris Hedstrom, 30/-; Electrolytic Zinc, 58/-; ditto, pref., GO/-; New Zealand delivery, 59/6; David Jones, 43/-; Anthony Hordern, 20/14 ; Lustre, 22/IJ. Mt. Morgan, 16/6; Mt. Lyell, 45/6; Broken Hill Proprietary, 83/-; ditto, new, 76/-; Broken Hill South, 46/6; North Broken Hill, 71/3; Bulolo Deposits, 1/5J ; Rawaug, 11/1; Larut, 20/9 ; Placer Development, 98/-; Mt. Kasi. 6/11; Mineral Development, 2/5; Tavua Development, 7d. Morning sales included: Commonwealth Bonds, 3 per cent., 1948, £9O 15/-; 3 3-8 p.c., 1949, £94/2/6; 4 p.c., 1938, £lO2/3/9; 4 p.c., 1941, £lO3/1/3; 4 p.c., 1947, £lO2/10/-; 4 p.e., 1959, £lOO/10/-; 4 p.c., 1961, £lOO/12/6; Wilcox Mofflin, 13/9; Australian Gas (A), £7/4/-; Anthony Hordern, 20/11; G. j. Coles, £5/9/-; Broken Hill. Proprietary, 83/6, and (new) 77/-; Electrolytic Zinc, 59/-, and (New Zealand delivery) 59/3, and pref. (New Zealand delivery) 60/6; R. Fowler, 12/8. Melbourne, April 19. On the Melbourne Stock Exchange today the markets were generally quiet. Barriers and Mt. Lyells were weaker. Sales: National Bank, £lO paid, £l5 19/-; Adelaide Steam, 32/6; Carlton Brewery, 61/6; Coles, £5/6/-; Australian Iron and Steel, pref., 26/104; Drug Houses, 27/9. Dunlop-Perdriau, ord., 21/2; ditto, pref., 35/-; General Motors, 24/2; Hume Pipe. 20/4; Victoria Nyanza, 18/9. Mt. Morgan. 16/9; Mt. Lyell, 45/74; Emperor. 17/11; Loloma, 22/3; New Broken Hill Consolidated, 20/3; Tongkah Compound Tin, 27/-; Kauri Timber, 24/3; Sulphide Corporation, 16/3. FOREIGN EXCHANGES Position of Sterling

By Telegraph.—Press Assn.—Copyright. London, April 17. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on April 16: —

♦Unofficial. fOfficia). London, April 17. Gold.—£7/1/2 per ounce, tine. Silver.—Spot, 20 11-l Gd. an ounce; forward, 20 11-l Gd. On New Zealand Currency Basis The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday:—

The Associated Banks (otlmr than tile Bank of Now South AVales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are. subject to alteration without notice.

AUCTION DIARY TO-DAY. 153-155 Featherston Street. 2.30 p.m.— Double-frontoil .Shop. 17 Rua Street, Lvall Bay (Gordon Harcourt). 8 AVUleston Street. 10.30 a.m.—Unclaimed Cargo (E. Johnston and Co.). 79 Main Road. Rona Bay, 1.30 p.m.—Superior Household Furniture (E. Johnston and Co.). Levin Sale. 91 Dixon Street. 1.30 p.m.—Rimu and Oak Furniture (C. AV. Price). TO-AIORROAV. District Lands Survey Office, State Fire Insurance Bunding, AVellington, 2.30 p.m.—Salo of Sections, Hutt A’nlley Settlement (Commissioner of Crown Lands). 41-43 Panama Street. 2.30 p.m.—7 Building Sites, Gracefield Road. Lower Hutt (Harcourt, and Co.). Johnsonville Fat Stock Sale, 1 p.m.—.Mixed Stock (Wright, Stephenson and Co., Ltd.). Tnlhape Autumn Cattle Fair. 12 noon. Alasterton Sale, 11.30 a.m.—2750 Sheep. Carpet Warehouse (upstairs), 8 AVUleston Street.—Extraordinary Carnet Auction, £5OOO worth of Carpets (E. Johnston and Co.). THURSDAY. Salevards, Taumarunul, 12 noon.—Dispersal Sale of “Rafa" Registered Poll Stud (Abraham and AVilllains, Ltd., and Wright, Stephenson and Co., Ltd.). 99 Waterloo Road. Lower Hutt. 10.30 a.m.— Property, Estate late Walter Cole (H. E. Leighton). 41-43 Panama Street, 2.30 p.m.—Hutt Properties, Jenness Estate (Harcourt and Co.). Dannevirke Cattle Fair, 11 a.m. and 12.30 p.m. Upper Hut.t Stock Sale, 1 p.m.—Mixed Stock (Dalgety and Co., Ltd., ineorp. in England).

Par. Apr. 16. Apr. 17. N. York, dol. to £ 4.806 4.919-16 4.912 Montreal, dol. to £ 4.806 4.91 4.91 i Paris, fr. to £ 124.21 110 1-04 110 3-64 Brussels, bel. to £ 48.611 29.10 29.185 Geneva, fr. to £ 25.225 21.53 21.545 Amst’dam. fl. to £ 12.107 8.9SJ 8.9S Berlin, mks. to £ • 20.43 12.22 12.23 St’holm, knr. to £ 18.15!) 19.395 19.395 C’hagen, knr. to £ 18.159 22.40 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Vienna, gehgs. to £ 34.585 26.50 26.50 Prague, knr. to £ 164.25 140.75 1413-16 Hel’fors, mks. to £ 193.23 ! 226.50 226.50 Madrid, pes. to £ 25.225 — — Lisbon, esc. to £ 100 116 3-16 110 3-16 Milan, lire to £ • 9° 93 5-16 93 7-1.6 Athens, drac. to £ 375 '547* •547* Bucharest, lei to £ 813.00 •007* •067* Belgrade, din. to £ 276.31 213 213 Rio de J., p. to mil 5.899 Hi 74 j B. Aires; p. to peso 47.02 M. Video, p. to peso 51 t391 |39J Calcutta, p. to rup. IS ISi 18J Shanghai, p. to dol. —— 14* 14 9-10 H.-Kong, p. to dol. 14 5-16 14 5-16 Y’hama, p. to yen. 24.582 14 14 Batavia, fl. to £ 12.107 8.93 8.945

New Zealand Buying. Selling. on London T.T. 124 124/10/£N.Z. to £Stg. 100 O.D. 123/10/124/8/9 Australia T.T. — —— £A to £N.Z. 100 O.D. 101 100/10/Fiji T.T. — — £F to £N.Z. 100 O.D. 90/7/6 89 New York T.T. 3.0774 3.9411 Dol, to £N.Z. .. O.D. 3.9S99 3.9461 Montreal T.T. 3.9717 3.9369 Dol. to £N.Z. .. O.D. 3.9S42 3.9419 Austria T.T. — 20.63 Seligs, to £N.Z. O.D. — 20.65 Belgium T.T. — 23.309 Bel. to £N.Z. .. O.D. — 23.320 Czechoslovakia T.T. — 112.50 Crs. to £N.Z. .. ' O.D. — 112.55 Denmark ■ T.T. 18.203 17.893 Kr. to £N.Z. .. O.D. 18.263 17.903 France T.T. — 88.18 Frs. to £N.Z. .. O.D. — 88.22 Germany . N.... T.T. — 9.751 Mks. to £N.Z. . O.D. — 9.756 Holland T.T. 7.317 7.167 FIs. to £N.Z. .. O.D. 7.377 7.171 Italy T.T. — 74.91 Lire to £ N.Z. .. O.D. — 74.96 Java T.T. 7.289 7.129 FIs. to £N.Z. .. O.D. 7.349 7.133 Norway T.T. 16.182 15.892 Kr. to £N.Z. .. O.D. 16.242 15.902 Sweden ' T.T. 15.787 15.492 Kr. to £N.Z. .. O.D. 15.847 15.502 Switzerland .... T.T. 17.491 17.221 Frs. to £N.Z. .. O.D. 17.59’1 17.226 Noumea T.T. k — SIJ.S1 Frs. to £ N.Z. .. O.D. - 86.87 Papeete T.T. — SG.96Frs. to £N.Z. .. O.D. - S7.02 Hong*Kong .... T.T. 1819-64 18 51-01 N.Z. d. to Dol. . O.D. 18 17-64 18 25-32 India and Ceylon T.T. 22 21 -32 N.Z. d. to Rup. O.D. 2211-32 ! 22 41-64 Japan T.T. — 17 15-32 N.Z. d. to Yen. . O.D. - 17 29-64 Shanghai T.T. 17 27-32 18 11-32 N.Z. d. to Dol. . O.D. 1713-16 IS 21-64 Singapore T.T. 34 23-32 35 13-64 N.Z. d. to Dol. O.D »34S 35 3-16 Chefoo T.T. 17 55-64 18 31-64 N.Z. d. to Dol. . O.D. 17 13-16 IS 15-32

U.S.A. Doi. Canadian Doi. Selling (Per SI N.Z.) (Per £1 N.Z.) T.T. .1.94 3-10 3.938 O.D. 3.94 11-in 3.94 J Buying O.D. 3.99 3.9S 5-10