A STEADIER TONE

Dominion, Volume 31, Issue 74, 21 December 1937, Page 14

A STEADIER TONE

Australian Share Markets SYDNEY TRADING ACTIVE By Telegraph.—Press. Assn.—Copyright. (Received December 20, 9.30 p.m.) Sydney, December 20. Tim more confident sentiment reported to exist in the overseas markets was reflected in a stronger undertone on the Sydney Stock Exchange to-day. The volume of business was also much greater than in the past weeks. General steadiness characterised tile markets. Saltsi: Bank of New South Wales, £33 5/-; Commercial Bank of Australia, 17/3; National Bank, £5 paid, £7/3/-. Colonial Sugar. £4B; Associated News, 23/6; ditto, pref., 21/9: Burns Philp. 55/3; British Tobacco, 50/6. Tooths, 53/9; Tooheys. 33/-; Dunlop Pcrdriau, 22/101. Anthony Hordern, 19/-; Kandos Cement, 25/6; Claude Neon. 49/6; W. It. Carpenter. 46/9; Australasian Paper, 31/6. Wpolwortlis, Ltd.. 26/-: Wunderlich, 21/11; Yotinghusbnnd, 34/6; Traders Finance, 24/-; United Provisions, 6/8. _ Wincheombe Carson, 32/9; Morris Hedstrom, 27/-; Greater .1. D. Williams, 6/-. r .Sulphide Corporation, 13/3: Mount Morgan, .10/8; Mount Lyell, ex. div., 31/-; Broken Hill Proprietary. 64/3; Rawang Tin, 10/4; Placer Development, 73/9; Emperor, 12/5.

Morning sales included: Commonwealth bonds, 3J per cent., 1942, £101; 4 per cent., 1944, £lO3/10/-; 4 per cent., 1950, £lO-1/12/6 ; 4 per cent., 1957, £lO4 ; 4 per cent., 1961, £lO4/17/6; Union Bank of Australia, £9/10/-; Tooths Brewery. 53/6; Associated Newspapers, 23/44; Anthony Hordern, pref., 23/6; Broken Hill Proprietary, 64/3: Colonial Sugar, £4B/2/6; Howard Smith, 21/44; Lustre, pref., 23/6.

Melbourne, December 20,

On the Stock Exchange to-day the markets were very dull with little variation in prices.

Sales: Commercial Bank of Australia, 17/3; National Bank, £5 paid, £7; G. J. Coles, 85/3; Drug 26/-. Dunlop Perdriau, 23/-; ditto, pref., 37/3; Goldsbrough Mort, 33/4; Australian Paper Manufacturers, pref., 25/3; ditto, 10/- paid, 14/-. Electrolytic Zinc, 48/-; ditto, pref., 50/6 ; Mount Morgan, 10/7; Mount Lyell, 31/-; Broken Hill Proprietary, 64/-; North Broken Hill, 53/-; Broken Hill South, 36/9; Zinc Corporation, £5/7/-; Emperor, 12/5; Loloma, 17/3.

FOREIGN EXCHANGES Position Of Sterling By Telegraph.—Press. Assn.—Copyright. London, December 18. The following mean closing rates on foreign exchanges were current to-day compared witli those ruling on December 16:—

t Market Rate. Price of Gold and Silver. London, December 18. Gold.—L6/19/9J an ounce, fine. Silver.—Spot, 18 13-l Gd. an ounce; forward, 18 5-16 d. On New Zealand Currency Basis The Bank ol’ New Soul.ii 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. U.S.A. Doi. Canadian Doi. Selling • (Per £ 1 N.Z.) (I J er £1 N.Z.) T T 4.005 4.0013-16 O.D. 4.01 4.01 3-16 Buying: O.D. 4.05 4.05’

Dividend And Cails Woolworths (Viet.)—l6 p.c. .. Dec. 21 Sulphide Corporation — pref., 2/- per share; ord., 1/(1 per share Jess (ax Dee. 21 Regent Theatre (Dunedin)- — int., 21 p.c Dee. 22 Hume Steel —half-yearly, pref., 74 p.c., p.a Dec. 23 Morris, Iledstrom- —int., 3 p.c. Dec. 31 British Tobacco—final, 2 p.c. and int. 2 p.c Dec. 31 Corporation—second half fixed pref., 2/- per share; int.. part pref, and ord., 4/- per share (sterling), less tax. . . .lan. 1 National Bank of N.Z.—int... 4 p.c., p.a lan 4 Woolworths Ltd.—int., 2 p.c. . .lan. 1:> Komata Reefs Gold—int.., 3d. per share, tax free fan. 17 Victoria Nyauza Sugar—6 p.c. Jan. 26

N. York, dol. to £ Par. Dec. 17. Dec. 18. 4.866 4.9911-1G 4.99j Montreal, dol. to £ 4.866 4.IJ9 13-16 4.99J Paris, fr. to £ 124.21 147 11-64 147 9-64 Brussels, bel. to ■i, 48.611 29.415 29.41 Geneva, fr. to £ 25.225 21.611 21.601 Ainst’dam, fl. to 12.107 8.98J 8.98-1 Berlin, mks. to £ 23.43 12.40 12.40 St’holm, knr. to 18.159 19.40 19.40 C’hagen, knr. to £ 18.159 22.10 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Vienna, schgs. to £ 34.585 26.50 26.50 Prague, knr. to 134.25 142.25 142.25 Ilel'fors, inks, to £ 193.23 >26.125 220.125 Madrid, pes. to 25.225 — Lisbon, esc. to 100 110 3-16 110 3-10 Milan, lire to £ 92 95 9415-16 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 677.50 677.50 Belgrade, din. to £ 276.31 216 216 Rio de J., p. to mil 4.899 42 21-31 ! 42 31-32 B. Aires, p. to pesa 47.62 — — M. Video, p. to peso 51 4264 426J Calcutta, p. to rup. IS 18J18J Shanghai, p. to dol. 18 14 3-16 14 3-16 H.-Kong, p. to dol. — 15 15 Y’hama, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.97 8.975

New Zealand on Buying. Selling. London . T.T. 121 124/10/£N.Z. to £srg. 100 O.D. 123/10/124/8/9 Australia £A to £N.Z. 100 T.T. O.D. 101 100/10/Fiji to £N.Z. 100 T.T. O.D. 90/7/6 89 New York T.T. 4.0412 4.0066 Doi. to £N.Z. .. O.D. 4.0512 4.0106 Montreal T.T. 4.0420 4.0095 Doi. to £N.Z. . O.D. 4.05-10 4.0135 Austria T.T. ■ —220.93 Schgs. to £ N.Z. O.D. — 20.94 Belgium T.T. 23.829 23.519 Bel. to £N.Z. . O.D. 23.904 23.530 Czechoslovakia ... . T.T. —- 113.37 Crs. to £N.Z. . O.D. — 113.42 Denmark . T.T. 18.203 17.895 Knr. to £ N.Z. . O.D. 18.263 17.899 France T.T. — 117.16 Frs. to £ N.Z. . O.D. —- 117.20 Germany . T.T. — 9.890 Mks. to £N.Z. . O.D. —— . 9.895 Holland . T.T. *' t 3°3 7.173 FIs. to £N.Z. . O.D. 7.3® 7.177 Italy . T.T. — 76.12 Lire to £N.Z. . O.D. — 7G.17 . T.T. 7.303 7.153 Fis. to £N.Z. . O.D. 7.343 7.157 Norway . T.T. 111.182 15.892 Knr. to £N.Z. . . O.D. 16.242 15.898 Noumea . T.T. —— 115.91 Frs. to £N.Z. . O.D. - — 115.95 Papeete . T.T. — 115.96 Frs. to £N.Z. . O.D. 116.00 Sweden . T.T. 15.788 15.493 Knr. io £N.Z. . , O.D. 15.848 15.499 Switzerland . T.T. 17.540 17.270 Frs. to £N.Z. . 0.1). 17.645 17.275 Chefoo t.t 184 N.Z. d to Doi. O.D. — 18 7-64 llnng-Kong T.T. 1S 211-64 18 53-64 N.Z. d. (o Doi. . O.D. 18 27-64 IS 53-64 India and Ceylon . T.T. •'Oil 22 21-32 N.Z. d. to Klip. O.D. 22 11-32 22 21-32 .Japan T. T. — 171 N.Z. <1. to Ven . O.D. 17} Manila 'r/r. 29 21-32 ,'>0 ;>-»>2 N.Z. .1. to Peso . O.D. 29 9-16 30 5-32 Shanghai T.T. — IS 9-64 N.Z. (1. to Doi. . O.D. —— 18 9-64 Singapore T.T. 34 23-32 35 13-64 N.Z. d. to Doi. .'O.D. 345 35 13-64