DULL MARKETS

Dominion, Volume 31, Issue 127, 23 February 1938, Page 14

DULL MARKETS

Australian Stock Exchanges LITTLE CHANGE IN PRICES By Telegraph.—Press Assn.—Copyright. (Received February 22, 9.25 p.m.) Sydney, February 22. Local investors to-day were content to follow the lead of the London Stock Exchange, where a cautious, but calm attitude is being adopted following the British political situation. Price movements therefore were within narrow limits. Sales : Bank of New South Wales, £32 12/6; Commercial Banking Co. of Sydney, £2O/3/-; Commercial Bank of Australia. 16/10} ; Colonial Sugar, £46/12/6. British Tobacco, 49/6 : Tooths, 54/9 ; Tooheys, 31/73. Australian Glass, 94/-; Kandos Cement, 25/9; Cash Orders, 16/7}; Felt and Textiles, 36/3; Newbold Brick, 34/-. Peters, 55/3; United Provisions, 6/-; Goldsbrough Mort, 31/-; John McGrath, 40/-; Edwards Dunlop, 47/-; Producers and General. 8/6. Standard Cement, 19/3; Nestles, pref., 37/-; Woohvorths, Ltd.. 27/3; Wunderlich, 20/101" Mount Morgan. 9/3; Mount Lyell, 30/41; Broken Hill Proprietary, 62/-; North Broken Hill, 50/-; Rawang Tin, 9/3; Larut Tin, 14/1; Emperor, 11/7. Morning sales include/!: Common; wealth bonds, 4 per cent, 1961, £lO5 12/6; Commercial Banking Co. of Sydney. £2O/3/-; Tooths Brewery, 54/9; Australian Gas, A.. £7/12/6; Associated Newspapers, pref., 25/3; Anthony Hordern, 18/10}; Mark Foy. 24/-, and pref. 22/-; Meggitts, 31/-; Peters Ice, 55/-. Melbourne, February 22. On the Stock Exchange of Melbourne to-day the markets were veiy dull. Sales: National Bank, £lO paid, £l4 12/-; Dunlop Perdriau, 23/1; Goldsbrough Mort, 31/-. Electrolytic Zinc, 46/9'; ditto, pref., 49/-; Broken Hill Proprietary, 62/-; North Broken Hill, 49/9; Broken Hill South, 33/74; Emperor, 11/9; Lolonyi, 19/6.

FOREIGN- EXCHANGES Position Of Sterling By Telegraph.—-Press Assn.—Copyright. London, February 21. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on February 19 i Par. Feb. 19. Feb. 21. N. York, dol. to £ 4.866 5.021-16 5.011 Montreal, dol. to £ 4.866 5.01} — Paris, fr. to £ 124.21 152 27-32152 43-04 Brussels, bel. to £ 48.611 29.53 29.511 Geneva, fr. to £ 25.225 21.50} 21.501 Amst’dam, fl. to £ 12.107 8.9611-16 8.89} Berlin, mks. to £ 23.43 12.405 12.405 St’holm, knr. to £ 18.159 10.40 19.41 C’hagen, knr. to £ 18.159 22.40 22.40 Oslo, knr. 'to £ 18.150 19.90 19.90 Vienna, schgs. to £ 34.585 2G.50 2G.50 Hel’fors, mks. to £ 193.23 226.125 220.125 Prague, knr. to £ 134.25 142.75 142.50 Madrid, pcs. to £ 25.225 — — Lisbon, esc. to £ 100 110 3-16 110'3-10 Milan, lire to £ 92 9513-32 95 5-16 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 677.50 667.50 Belgrade, din. to £ 276.31 216 216 Rio de J., p. to mil 4.899 1213-16 1213-16 B. Aires, p. to pesa 47.62 — \ — M. Video, p. to peso 51 121} 1211 Calcutta, p. to rup. 18 18} 18} Shanghai, p. to dol. 18 14-3-16 14 3-16 H.-Kong, p. to dol. — 15 15 Y’hama, p. to yen 24..>82 14 14 Batavia, 11. to £ 12.107 ' 8.945 8.945 1 Market Rate, t Sellers Official. Price of Gold and Silver. London, February 21. Gold.—£6/19/10 an ounce, fine. Silver.—Spot, 20 1-l Gd. an ounte; forward, 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. U.S.A. Doi. Canadian Doi. Selling: (Per £1 N.Z.) (Per £1 N.Z.) TT 4.02 1-16 4.01 la-16 O.D. 4.02 7-16 4.02 5-16 Buying: , O.D. 4.06 S 4.06 5-16

New Zealand on Buying. Seiling. London T.T. 124 124/10/£N.Z. to £stg, 100 O.D. T.T. O.D. 123/10/124/8/9 Australia £A to £N.Z. 100 101 100/10/. Fiji T.T. 00/7/6 89 £Fto £N.Z. 100 O.D New York T.T. 4.0558 4.0211 Doi. to £N.Z. . O.D. 4.0658 4.0251 Montreal T.T. 4.0534 4.0210 Do l.to £N.Z. . O.D. 4.0654 4.0250 Austria T.T. — 21.00 Seligs, to £N.Z. O.D. — 21.01 Belgium T.T. 23.915 23.605 Bel. to £N.Z. . O.D. 23.990 23.616 Czechoslovakia ... T.T. J— 113.66 Krs. to £N.Z. . O.D. — 113.71 Denmark > T.T. 18.203 17.893 Knr. to. £N.Z. . Finland • O.D. 18.263 17.899 T.T. 184.97 179.17 Mks. to £N.Z. . O.D. 185.37 179.27 France .T.T. 1 M21.06 Frs. to £N.Z. . O.D. —— 121.70 Germany T.T. -SJL 9.894, Mks. to £N.Z. . O.D. — 9.899 Greece T.T. — 429.54 Drac. to £N.Z. . Holland O.D. — 429.84 T.T. 7.306 7.156 FIs. to £N.Z. .. O.D. 7.346 7.160 Italy T.T. — 76.44 Lire to £N.Z. . O.D. T.T. — 76.49 Java 7.279 7.129 FIs. to £N.Z. . O.D. 7.319 7.133 . Norway T.T. 16.182 15.892 15.898 Knr. to £N.Z. . O.D. 16.242 Noumea T.T. — 120.41 Frs. to £N.Z. . O.D. — 120.45 Papeete T.T. — 120.46 Frs. to £N.Z. . O.D. —— 120.50 a Sweden T.T. 15.796 15.501 Knr. to £N.Z. . O.D. 15.856 15.507 Switzerland .... T.T. 17.529 17.259 Frs. to £N.Z. . O.D. 17.634 17.264 Chet'oo T.T. —• 18i N.Z. d. to Doi. . O.D. —• 18 7-64 Hong-Kong T.T. IS 29-64 18 53-64 N.Z. d. to Doi. . O.D. 18 27-64 18 53-64 India and Ceylon . T.T. 22| 22 21-32 N.Z. d. to Rup. . O.D. 22 11-32 22 21-32 Japan T.T. •— 17i ' N.Z. d. to Yen . O.D. —. 17i Manila T.T. 29 17-64 29 49-64 N.Z. d. to Peso . O.D. 29 11-64 29 49-04 T.T. — 18 9-64 N.Z. d. to Doi. . O.D. — 18 9-64 Singapore T.T. -34 11-16 35 11-64 N.Z. d. to Doi. . O.D. 34 19-32 35 11-64