MARKETS QUIET

Dominion, Volume 31, Issue 70, 16 December 1937, Page 10

MARKETS QUIET

Australian Stock Exchanges BANK SHARES STEADY By Telegraph.—Press Assn.—Copyright. (Received December 15, 5.55 p.m.) Sydney, December 15. Investors ou the Sydney Stock Exchange to-day continued to trade quietly without any noticeable fluctuation in prices. Banking shares have become steady. , , Sales: Bank of New South Wales. £33 10/-; Commercial Banking Co. of Sydney, £2O/16/-; National Bank, £5 paid, £7 4/-. Colonial Sugar, £4B/5/-; South British Insurance, 99/6 ; Automatic Totes, 19/3. Burns Philp, new issue, 34/6; Australian Gas, A, £7/9/-. British Tobacco. 50/3 ; 'Tooths, 53/6; Dunlop Pcrdriau, 22/9. Anthony Hordern, 19./3: Lustre, pref., 24/- : Kandos Cement, contr., 12/-; Westinghouse, 22/6; Mark For, i}3/Goldsbrough Mort, ex div., 33/3; Henry Jones. 48/6; Meggitts, 33/6; Permanent Trustee, 19/-; Standard Cement, 17/44; Younghusband, 34/3; Woolworths, Ltd., 26/3. Electrolytic Zinc, 47/3; Mount Morgan. 11/2: Broken Hill Proprietary, 63/9; North Broken Hill, 52/6; Rawang Tiu, 10/6; Larut Tin, 15/3 ; Placer Development, 73/-; Tonkah Harbour Tin, 18AMorning sales included: Commonwealth bonds, 4 per cent., 1941, £lO2 6/3; 4 per cent., 1944, £lO3/2/6; 4 per cent., 1947, £lO3/7/6; 4 per cent., 1950, £lO4/2/6; 4 per cent., 1953, £lO4/13/9; 4 per cent., 1955. ex interest, £lO3/12/6; 4 per cent., 1957, £lO3/18/9; 4 per cent., 1959, £lO4/8/9: 4 per cent., 1961, £lO4 15/-; Bank of New South Wales, £33 10/-; Tooths Brewery, 53/6; Australian Gas. A, £7/9/-; British Tobacco, 50/3; Broken Hill Proprietary, 63/6; Colonial Sugar, £4B/7/6: Meggitts, 33/6. Melbourne, December 15. On the Stock Exchange of Melbourne to-day there was continuation of quiet conditions with very light trading. The markets showed no definite trend. Sales: Commercial Bank of Australia, 17/-; National Bank, £5 paid, £7/5/-: ditto, £lO paid, £l4/10/-. G. J Coles, 85/3; Dunlop Perdriau, 22/10. Electrolytic Zinc. 47/-; Mount Morgan, 11/5; Mount Lyell, 32/44 ; Broken Hill Proprietary, 63/6; North Broken Hill, 52/6; Emperor. 11/8; Loloma, 16/6. FOREIGN EXCHANGES Position Of Sterling By Telegraph.—Press Assn. —Copyright. London, December 14. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on December 13:—

Price of Gold and Silver. London, December 14. Gold.—Ji6/19/10 an ounce, fine. Silver.—Spot, 18 11-16 d. an ounce; forward, 18 5-ld. 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 o£ 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. Doi. Canadian Doi. Selling : (Per £1 N.Z.) (Per £1 N.Z.) T.T. 4.0011-16 4.0011-10 O.D. 4.01} ’ 4.01} Buying: , O.D. 4.05 J 4.0-jI N.Z. Pound Abroad Based on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately:— 16/1 in London. £l/0/1 in Australia s 16/5 in U.S.A. 16/5 in Canada. 18/10} in France. 16/5 in Italy. 9/8} in Germany. 11/9} in Java. £l/8/1 in Japan. Gold Mining Returns The Okarito dredge reports a return of 21 ounces of gold for 122 hours’ work.

Par. Dec. 18. Dec. 14. N. York, dol. to 4.806 4.99 11-10 4.991 Montreal dol. to £ 4.890 4.9911-10 4.99.1 Paris, ir. to 124.21 147 9-04 14715-04 Brussels, bel. to 48.011 29.385 29,305 Geneva, fr. to £ 25.225 21.095 21.005 Amst’dam, fl. to 12.107 8.98J 8.985 Berlin, inks. to £ 23.43 12.39 12.391 St’holm, knr. to 18.159 19.40 19.40 C’hagen, knr. to X‘ 18.159 22.40 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Vienna, schgs. to 1 34.585 20.50 20.50 Prague, knr. to £ 134.25 143 3-10 143 3-10 Hel’fors, inks, to £ 193.23 120.125 220.125 Madrid, pes. to £ 25.225 — Lisbon, esc. to £ 100 110 3-10 110 3-10 Milan, lire to £ 92 95 9415-16 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 677 677 Belgrade, din. to 276.81 216 216 Rio <le J., p. to mil 4.899 4:2 21-32 J2 31-32 /B. Aires, p. to pesa 47.62 — — M. Video, p. to peso 51 7254 |25i Calcutta, p. to rup. 18 184 18J Shanghai, p. to dol. 18 14 3-10 14 3-16 H.-Kong, p. to dol. — 15 15 Y’hama, p. to yen 24.582 14 14 Batavia, fl. to X* 12.107 8.965 8.97.1 t Market Rate.

New Zealand on Buying. Selling. London . T.T. 124 124/10/£N.Z. to £stg. 100 O.D. 123/10/- ■ 12-1/8/9 Australia LA to LN.Z. 100 T. U. 101 100/10/ Fiji £ F to £N.Z. 100 T. U. 90/7/6 89 New York T.T. 4.0412 4.0066 Lol .to LN.Z. . O.D. 4.0512 ■1.0100 Montreal ,.. T.T. 4.0101 4.0076 Lol. to LN.Z. . O.L. 4.0521 4.0110 T.T. 20.93 Seligs, to LN.Z. O.D. — 20.94 , T.T. 23.819 23.509 Bel. to £N.Z. . O.D. 23.894 23.520 Czechoslovakia ... . T.T. — 113.31 Crs. to £N.Z. . O.D. 113.36 Denmark . T.T. 18.203 J 7.895 Knr. to £N.Z. . O.D. 18.263 17.899 France T.T. — 117.24 h'rs. to LN.Z. . O.D. 117.28 T.T. 9.886 Mks. to £N.Z. . O.D. — 9.891 Holland T.T. 7.321 7.171 FIs. to £N.Z. . O.D. 7.361 7.175 Italy T.T. — 76.16 Lire to £N.Z. . O.D. — 76.21 T.T. 7.299 7.149 FIs. to £N.Z. . O.D. 7.339 7.153 Norway T.T. 10.182 15.892 Knr. to £N.Z. . O.D. J 6.242 15.898 Sweden t.t. 15.789 15.494 Knr. to £N.Z. . O.D. 15.849 15.500 Switzerland T.T. 17.538 17.268 Frs. to £N.Z. . O.D. .17.643 17.273 Noumea T.T. —— 115.99 Fr 4 * t< > L X z, O.D. ■— 11(1.03 Papeete T.T. 116.05 It to v X /. O.D. 116.08 Hong-Kong .... T.T. 18 13-32 1.8 25-32 N.Z. d. to Doi. . O.D. 183 18 25-32 India and Ceylon . T.T. 22J 22 21-32 N.Z. d. to Kup. O.D. 22 11-32 22 21.-32 Japan T.T. — 17 33-01 N.Z. d. to Yen . O.D. — 17 33-111 Shanghai T.T. — 18 9-04 N.Z. d. to Hol. . O.D. —- 18 9-04 Singapore T.T. 34 23-32 35 18-0-1 N.Z. d. to Doi. . O.D. 345 35 13-64 T.T. — 184 N.Z. d. to Doi. . O.D. —. 18 7-04 Manila T.T. 29 37-M 30 5-64 N.Z. d to Peso . O.D 29 31-04 30 5-64