INDUSTRIALS FIRM

Dominion, Volume 31, Issue 96, 18 January 1938, Page 12

INDUSTRIALS FIRM

Australian Share Markets BARRIERS IMPROVE By Telegraph.—Press Assn.—Copyright. (Received January 17, 9.20 p.m.) Sydney, January 17. There was no outstanding movement in industrial shares on the Sydney Stock Exchange to-day, but the market continues firm. Buyers have raised their offers for Barrier shares. Sales: —Bank of New South Wales, £33/15/-; Commercial Banking of Sydney, £2O/18/-; Commercial Bank of Australia, 17/44; E.S. and A. Bank, £5 6/9; National Bank, £lO paid, £l4/10/-; Colonial Sugar, £4J/2/6. Adelaide Steam, 33/6; I-luddart Parker, 43/3; Tooths, 56/-; Tooheys, ex rights, 31/3; G. J. Coles, 86/0; Dunlop, Perdriau, 23/9; pref., 38/0; Anthony Hordern, 19/-; pref., 23/3. General Indjjstries, pref., 24/4i; Morts Dock, 11/-; Cash Orders, 18/-; Victoria Nyanza, 17/-; United Provisions, 7/4; Producers ami General, 9/0. Edwards Dunlop, 47/-; Australasian Paper, 33/3; Associated Pulp, 21/-; Wunderlich, 21/3; Morris, Hedstrom, 27/101; Henry Jones. 49/6; Electrolytic 2|inc, 50/-. Mount Morgan, 9/11; Mount Lyell, 34/-; North Broken Hill, 57/3; Broken Hill Pty., 64/3; pmperor, 12/10; Loloma, 17/0; Taranaki Oil, 7/1. Morning sales ineluded: Commonwealth bonds, 34 per cent., 1943, £lOl S/9; 4 per cent., 1947, £lO4/17/6; 1953, £lO3/12/0; Australian Gas, A. £7/8/6; Anthony Hordern, 19/-; Broken Hill Proprietary, 64/6; Goldsbrough Mort, 32/6. Melbourne, January 17. The market opened fairly quietly. There was a better demand for Fijian, particularly Lolonms. Barriers were inclined to improve in expectation that London will follow the improvement in America, Sales :—British Tobacco, 50/3 ; Carlton Brewery. 05/6; G. J. Coles, 86/0; Dunlop, Perdriau, 23/10; pref., 38/3; Electrolytic Zinc, 50/-. Hpunt Morgan, 9/11; Mount Lyell, 34/-; Broken Hill Pty., 64/3; North Broken Hill, 57/-; South Broken Hill, 37/3; Emperor, 13/4 ; Loloma, 19/6. FOREIGN EXCHANGES Position Of Sterling By Telegraph.—Press. Assn.—Copyright. London, January 15. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on January It:

t Market Rate. Trice aK* and Silver. London, January 15. Gold.—£6/19/74 an ounce; fine. Silver.—Spot, 19id. an ounce; forward, 19 7-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 (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.) (Per £1 N.Z.) T.T. -I .nog 4.noj O.D. 4.01 4.01 Buying: O.D. 4.05 4.05 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:— 1(»/J in London. £l/0/1 in Australia 16/5J U.S.A. 10/5 J in Canada. 10/1 in France. 10/51 in Italy. 9/81 in Germany. 11 /0| in Java. £l/8/1 in Japan. Gold Mining Returns Gillespie's Beach report a wash-up of 430 z. lOdwt. for 117 hours.

Par. Jan. 14. Jan. 15. N. i'ork. dol. to £ 4.866 4.991 4.99 11-16 Montreal, dol. to £ 4.866 4.99g 4.99} Paris, fr. to £ 124.21 150 3-16 149J Brussels, bel. to £ 48.611 29.55 29.545 Geneva, fr. to £ 25.225 21.605 21.624 Amst’dam, fl. to X* 12.107 8.97} 8.97} Berlin, inks, to 23.43 12.405 .12.41 St’holm, knr. to J. 18.159 19.40 19.40 C’liagen, 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 Hel’fors, inks, to X-\ 134.25 142 5-16 142.375 X? 193.23 226.125 226.125 Madrid, pes. to £ 25.225 - Lisbon, esc. to £ 100 110 3-16 1103-10 Milan, lire to £■ 92 91.875 94.S75 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 J2 17-32 —— B. Aires, p. to pesa 47.G2 — — At. Video, p. to peso 51 J24? 124} Calcutta, p. to rup. 18 18J. • 18i Shanghai, p. to dol. 18 14 3-16 14 3-16 H.-Kong, p. to dol. — 15 1 5 Y’hama, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.955 8.955

New Zealand on Buying. Selling. Loudon T.T. 124 124/10/- £ N .Z. to £»Stg. 100 O.D. 123/10/121/8/9 Australia T.T. 101 £A to £N.Z. 100 O.D. 100/10/Fiji £Fto £N.Z. 100 T.T. O.D. 90/7/6 89 New York T.T. 4.0402 4.0056 Doi. to £N.Z. .. O.D. 4.0502 4.0096 Montreal T.T. 4.0391 4.0066 Doi. to £N.Z. . O.D. * 4.0511 4.0106 Austria T.T. — 20.90 - Schgs. to £N.Z. O.D. — 20.91 Belgium T.T. 23.011 23.631 Bel. .to £N.Z. .. O.D. 24.016 23.642 Czechoslovakia ... T.T. 113.46 Krs. to £N.Z. . O.D. —. 113.51 Denmark T.T. 18.203 17.895 Knr. to £N.Z. . O.D. 18.263 17.899 Finland T.T. 18-1.97 179.17 Mks. to £N.Z. . 0.1). 185.37 170.27 France T.T. 120.97 118.47 Frs. to £N.Z. . O.D. — 118.51 Germany T.T. — 9.896 Mks. to £N.Z. . O.D. 9.901 G recce T.T. —— 429.54 Drac. to £N.Z. . O.D. 429.84 Holland T.T. 7.312 7.162 FIs. to £N.Z. .. O.D. 7.352 7.166 Italy T.T. — 76.08 Lire to £N.Z. . O.D. — 76.13 Java T.T. 7.287 7.137 FIs. to £N.Z. . O.D. 7.327 7.141 Norway T.T. 16.182 15.892 Knr. to £N.Z. . O.D. 16.242 15.898 Noumea T.T. 122.22 117.22 Frs. to £N.Z. .. O.D. — 117.26 Papeete T.T. 122.07 117.27 Frs. to £N.Z. . O.D. — 117.31 Sweden T.T. 15.788 15.493 Knr to £N.Z. . O.D. 15.848 15.499 Switzerland .... T.T. 17.556 17.286 Frs. to £N.Z. . O.D. 17.661 17.291 Chefoo T.T. — 18J N.Z. (1. to Doi. . O.D. — IS 7-61 Hong-Kong T.T. IS 29-61 IS 53-64 N.Z. <1. to Doi. . O.D. 18 27-6 18 53-64 India and Ceylon . T.T. 223 22 21-32 N.Z. d. to Hup. . O.D. 22 11-32 22 21-32 Japan T.T. —— 171 N.Z. d. to Yen . O.D. — 17* Manila T.T. 29 37-64 30 5-61 N.Z. d. to Peso . O.D. 29 31-6 30 5-64 Shanghai t.t. —- 18i N.Z. d. to Doi. . O.D. —— 188 Singapore T.T. 34 23-32 35 13-64 N.Z. d. to Doi. . O.D. 34J 35 13-64