EASY TENDENCY

Dominion, Volume 30, Issue 299, 14 September 1937, Page 14

EASY TENDENCY

Australian Share Markets INDUSTRIALS LOWER By i Telegraph.— Press Assn.—Copyright. (Received September 13, 9.25 p.m.) Sydney, September 13. Leading industrials continued to sag •on tlie Sydney Stock Exchange to-day, but tlie tone of the market was fairly bright. Alt. Lyells and Barriers were steady. Gold shares were traded quietly. Sales: Bank of New South Wales. £33; National Bank, £5 paid, £7; Union Bank, £9/17/-; Associated News, 22/10J; pref u 23/-. Colonial Sugar, £47/12/0; Adelaide Steam, 32/44; Burns Philp rights, 3u/9. Tooths, New Zealand delivery, 50/-; Carlton Brewery, 03/6; G. J. Coles, 96/9 ; Duiilop-Perdriau, 22/104; ditto, pref., 38/3. r , , Wilcox Mofflin, 13/10; Morris Hedsirom, 29/9; Greater J. D. Williams, 6/-; Henry Jones 1 , 48/-. Electrolytic Zinc, 55/3; Farmers, 3-1/3; Anthony Hordern, 19/14; Mort’s Dock, New Zealand delivery, 11/7; Mauri Bros., 72/-; Cash Orders, 18/14; Malleys, °3/-- Hume Pipe, 20/44; Kandos Cement. 25/9. Mt. Mofgaii, 11/2; Mt. Lyell. 42/9; Broken Hill Proprietary, 77/9; North Broken Hill. 74/-; Rawang Tin. 11/11; Emperor, 13/9. Morning sales included : Commonwealth bonds, 4" per cent., 1944. £lO3/5/-: 4 p.c., 1961, £lO3/17/6; Commercial Banking Co. of Sydney, £2l/4/-; Tooths Brewery, 56/3; Broken Hill Proprietary, 78/3: Burns Philp, riglitf, 35/9: Dunlop-Per-driau Rubber, 23/14; Electrolytic Zinc, 55/6; and pref., 56/6; General Industries. 20/41; G. J. Coles. 97/3; James ■Stedman, 17/3; Morris Hedstrom, 30/-.

Melbourne, September 13. The volume of business on the Melbourne Stock Exchange was light with only minor fluctuations in the general list of stocks. Sales: Commercial Bank of Australia, 17/7; National Bank, £5 paid, £7/2/-; ditto, £lO paid, £l4/12/-; British Tobacco, 49/6. G. J. Coles, 96/-; Dunlop-Perdriau, 22/7; Goldsbrough Mort, 34/-: General Motors, 25/-; Felt and Textiles, 40/-; Yarra Falls, 40/3; Jason Investment Trust, 10/6. Electrolytic Zine, 54/6; ditto, pref., 56/3; Mt. Morgan, 11/2; Mt. Lyell, 42/9; Broken Hill Proprietary, 76/6 ; North Broken Hill, 74/-; Broken Hill South, 47/9; Emperor, 13/10; Loloma, 23/-.

FOREIGN EXCHANGES

Position of Sterling London, September 11. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on September 10:—

London, September 11. Gold.—£7/0/7 an ounce, flue. Silver.—Spot, 1915-16 d. an ounce; for ward, 19Jd.

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 (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.

Milburn Lime and Cement Co. By Telegraph—Press Association. Dunedin, September 13. At the annual meeting of shareholders in the Milburn Lime and Cement Co., Ltd., the report and balance-sheet were adopted. The adoption of the report carried with it payment °f a final dividend, making S-} per cent, for the year. Gold Mining Returns By Telegraph—Press Association. Dunedin, September 13. The Okarito dredge wash-up was 540 z. 3dwt. for 116 hours. The Clutha River dredge return for the week ended September 10 (142 hours) totalled 300 oz. of gold. The Waipapa Bench dredge return totalled Boz. l-ldwt. for 133 hours’ work. Auckland, September 13. The Mataki dredge return for the week ended September 12 was 270 z. for 129 hour®’ work find 9000 cubic S’M'tfe,

Par. Sept. 10. Sept. 11. N. York, dol. to £ 4.866 4.94} ,4.94 9-16 Montreal, dol. to £ 4.866 4.94} 4.94 9-16 Paris, Cr. to X? 124.21 1391-16 138 57-64 Brussels, bel. to £ 48.611 29.38 29.365 Geneva, fr. to 25.225 21.535 21.53 Anist’dam, fl. to £ 12.107 8.99} 8.99} Berlin, inks.' to 24.43 12.325 12.325 St’holm, kur. to £ 18.159 19.395 19.395 .C'hagen, knr. to £ 18.159 22.40 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Vienna, schgs. to £ 34.585 26.50 26.50 Prague, knr. to £ 134.25 141.75 141.625 Hert'ors, inks, to 4? 193.23 226.25 226.25 Madrid, pes. to £ 25.225 — Lisbon, esc. to £ 100 110 3-16 1'0 3-16 Milan, lire to £ 92 94 94 Athens, drac, to £ 375 "547} *547} Bucharest, lei to £ 813.60 *670 “670 Belgrade, din. to p 276.31 216 216 Rio de J., p. to mil. 4.S99 f4J 14} B. Aires, p. to pesa 47.62 — M. Video, p. to peso 51 3913-16 : 3913-16 Calcutta, p. to rup. 18 18J 18} Shanghai, p. to dol. .18 xl4f xl4} H.-Kong, p. to dol. — 15 15 Y’haina, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.975 8.97 * Unofficial. t Official, x Nominal.

Now Zealand BuyingSelling on London t.t. 124 124/10/£N.Z. to £stg. 100 O.D. 123/10/124/8/9 Australia £A to £N.Z. 100 T.T. O.D. 101 100/10/Fiji £F to £N.Z. 100 T.T. O.D. 90/7/6 89 New York .T.T. 3.9999 3.91)54 Doi. to £N.Z. . O.D. 4.0099 3.9G94 Montreal T.T. 4.0001 3.9G76 Doi. to £N.Z. . O.D. 4.0141 3.9716 Austria T.T. — 20.77 Seligs, to £ N.Z. O.D. — 20.78 Belgium T.T. 23.802 23.492 Bel. to .CN.Z. . O.D. 23.877 23.503 Czechoslovakia ... T.T. — 112.86 Crs. to £N.Z. . O.D. — 112.91 Denmark 18.203 17.S93 Knr. to £N.Z. . O.D. 18.2G3 17.899 France T.T. — 110.84 Frs. to £N.Z. . O.D. .— 110.88 Germany T.T. — 9.830 Mks. to £N.Z. . O.D. — 9.835 Holland T.T. 7.326 7.i;<; FIs. to £N.Z. . O.D. 7.366 7.180 Italy T.T. — 75.33 Lire to — N.Z. . O.D. —— Java r J'. .1.. 7.205 7.145 FIs. to £N.Z. .. O.D... T 33; > 7.149 Norway T.T. 16.182 15.892 . Knr. to £N.Z. . O.D. 16.242 15.898 Sweden T.T. 15.785 15.490 Knr. to £N.Z. . O.D. 15.845 15.496 Switzerland .... T.T. 17.47S 17.208 Frs. to £N.Z. . O.D. 17.583 17.213 Noumea T.T. —— 110.09 Frs. to £ N.Z. .. O.D. — 110.13 Papeete T.T. — 110.04 Frs. to £N.Z. . O.D. — 110.08 Hong-Kong .... T.T. 18 7-H 18 13-16 N.Z. d. to Doi. . O.D. 18 13-32 IS 13-16 India and Ceylon T.T. 22J N.Z. d. to Hup. 0 D. 22 11-32 22 21-32 Japan T.T. —— 17 33-64 N.Z*. d. to Yen . O.D. — 17 33-64 Shanghai T.T. — IS 7-61 N.Z. d. to Doi. . O.D. — IS 7-64 Singapore T.T. 34 23-32 35 13-64 N.Z. d. to Doi. . O.D. 348 35 13-64 Chefoo T.T. — 18 35-64 N.Z. d. to Doi. . O.D. — IS 17-32 Manila T.T. 29 49-6-1 30 17-64 N.Z. d. to Peso . O.D. 29 43-64 30 17-64

U.S.A . Doi. Canadian Doi. Selling: (Per V I N.Z.) (Per £1 N.Z.) T.T. 3.96 J 3.9(> 9-Id O.D. «.w;j 3.97 Buying: O.D. 4.01 1-16 4.011