GENERALLY FIRM

Dominion, Volume 31, Issue 144, 15 March 1938, Page 12

GENERALLY FIRM

Australian Share Markets

BREWERIES ACTIVE By Telegraph.—Press Assn.—Copyright. (Received March 14, 9.30 p.m.) Sydney, March 14. In view of the European , situation some sellers on the Sydney Stock Exchange to-day granted concessions as a precautionary measure. This produced a minor weakness in a few industrials, but a large section of the market remained firm. Brewery shares were actively traded. mostly nt steady rates. Broken Hill Proprietary issues were marked down early but later in the day returned practically to their former levels. Sales : Colonial Sugar, £46/10/r : Commercial Bank of Sydney, £2l/o/-, Na tional Bank, £lO paid, £l4/14/-. Howard Smith, 22/3; Burns tliiip, 56/-; Australian Gas, A, £7/6/6; ditto, B, £7/8/6. British Tobacco, 49/-; Tooths, üb/d, Toohevs, 32/-; Carlton Brewery, 6b/-. G. J. Coles. 82/-: Woolworth, Ltd., 27/-: Australian Iron and Steel, pref., 28/-: Permanent Trustee. 20/-; Gordon and Gotch, 53/-. Goldsbrough Mort, 31/3; Wilcox Moffllin, 10/9; Henry Jones, 59/3; Millaquin Sugar. 37/6: Fairymead Sugar, 34/9. Electrolytic Zinc, pref., 48/9; Mount Lvell, 29/10*; Broken Hill Proprietary, 61/9; South Broken Hill, 32/10i: North Broken Hill, 50/3. Morning sales included: Commonwealth bonds, 4 per cent., 1938, £lOl 11/3; 4 per cent., 1941. £lO4/10/-; 4 per cent., 1944, £lO5/2/6; 4 per cent., 1957, £lO6/7/6; Commercial Banking Co. of Sydney, £2l/5/-; Tooth’s Brewery, 56/6 Toohey’s Brewery, 32/-; Associated Newspapers, pref., 2a/-; Anthony Hordern, 18/9; Colonial Sugar, £46/45/-; Howard Smith, 22/3; Kandos Cement, 25/3. Melbourne, March 14.

On the Stock Exchange of Melbourne to-day the markets opened very quietly under the influence of overseas developments. Barriers were inclined to be firmer, but gold issues were generally weaker. Sales: Commercial Bank of Australia, 16/9; National Bank, £5 paid, £7/3/-; ditto, £lO paid, £l4/13/-; Bank of Australasia, £lO. Australian Paper Manufacturers, pref., 26/-; Carlton Brewery; 66/-; Australian Iron and Steel, pref., 28/3; Australian Glass, 93/3; Dunlop Perdriau. 2'3/3: Goldsbrough Mort, 31/3. Electrolytic Zinc, pref., 48/6; Broken Hill Proprietary, new, 32/3; Mount Morman, 10/-; Broken Hill Proprietary, 61/9; North Broken Hill, 50/6; South Broken Hill, 32/3; Zinc Corporation, 93/6: Empijror, 13/4; Lolorna, 22/9. FOREIGN EXCHANGES Position Of Sterling By Telegraph.—Press Assn.—Copyright. London, March 12. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on March 11: —

Price of Gold and Silver. London, March 12. Gold.—£6/19/8 an ounce, fine. Silver.—Spot, 20Jd. an ounce; forward, 20d. On New Zealand Currency Basis The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange

The Associated Banks I oilier 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.

N.Z. Pound Abroad Based mi ligures quoted by tue Bank of New South Wales, the New Zealand pound, compared with Its original par value. Is equivalent to approximately:— 1(1/1 In London. £l/0/1 in Australia. 18/5} in U.S.A. 16/5} in Canada. .£1 in France. 10/5} in Italy. 0/8} in Germany. 11/0} in Java. £l/8/2} In Japan. London Wool Sales The Bank of New South Wales has received the following cable message from its London oflice: —At the wool sales commencing here on March 15 prices are expected to be about the same as last sale's close.

1’ar. Mar. 11. Mar. 12. N. York, <lol. to ii. 4.8A8 5.005 4.99 Montreal, dol. to £ 4.866 5.00ft 4.99J Paris, fr. to £ 124.21 158 5-32 155 31-32 Brussels, bei. to £ 48.611 29.64± 29.635 Geneva, fr. to £ 25.225 21.601 21.67 Amst’dam, fl. to £ . 12.107 8.96} 8.96J Berlin, mks. to £ 23.43 12.41J 12.405 St’holin, knr. to £ 18.159 19.42 19.42 C’hagen, knr. to £ 18.159 22.40 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Vienna, schgs. to £ 34.585 20.50 26.50 Hel’fors, mks. to £ 193.23 226.125 226.125 Prague, knr. to 134.25 142.625 . 142 Madrid, pes. to £ 25.225 — —— Lisbon, esc. to £ 100 110 3-16 110 3-16 Milan, lire to £ 92 95.125 94.75 Athens, drac. to £ 375 547.50 547.50 Bucharest, let to £ 813.60 677.50 667.50 Belgrade, din. to £ 276.31 216 216 Klo de J., p. to mil ' 4.899 1213-16 12 13-16 B. Aires, p. to pesa 47.62 — — M. Video, p. to peso 51 t21i • t21i Calcutta, p. to rup. 18 18i ISJ Shanghai, p. to dol. 18 14 3-16 14 3-16 H.-Kong, p. to dol. — lu 15 Y’hama. p. to yen 24.5S2 14 13 63-64 Batavia, fl. to £ 12.107 8.945 8.945 t Market Bate, , 1 Sellers Official.

yesterday New Zealand Buying. Selling. on London T.T. 124 124/10/£N.Z. to £stg. 1U0 O.D. 123/10/124/8/9 Australia T.T. 101 100/10/£A. to £N.Z. 100 O.D. Fiji T.T. 90/7/0 89 £F. to £N.Z. 100 O.D. New York T.T. 4.0402 4.0050 Doi. to £N.Z. . O.D. 4.0502 4.0090 Montreal T.T. 4.0423 4.0098 Doi. to £N.Z. . O.D. 4.0543 4.0138 Austria T.T. — 21.03 Schgs. to £N.Z. O.D. —— 21.04 Belgium T.T. 24.011 23.701 Bel. to £N.Z. . O.D. 24.0S6 23.712 Czechoslovakia T.T. — 113.00 Krs. to £N.Z. . O.D. — 113.11 Denmark T.T. 18.203 17.893 Knr. to £N.Z. O.D. 18.203 17.899 Finland T.T. 184.94 179.14 Mks. to £N.Z. O.D. 185.34 179.24 France T.T. 124.25 ■ Frs. to £N.Z. . O.D. —— 124.29 Germany T.T. — 9.904 Mks. to £N.Z. . O.D. — 9.909 Greece T.T. —— 429.54 Drac. to £N.Z. ■ O.D. — 429.S4 Holland T.T. 7.311 7.101 FIs. to £N.Z. . O.D. 7.351 7.165 Italy T.T. — 75.90 Lire to £N.Z. . O.D. —— 76.01 Java T.T. 7.283 7.133 FIs. to £N.Z. .. O.D. 7.323 7.137 Norway T.T. 10.182 15.892 Knr. to £N.Z. . O.D. 10.242 15.898 Noumea T.T. — 123.00 Frs. to £N.Z. . O.D. — 123.04 Papeete T.T. — 123.05 Frs. to £N.Z. . O.D. —— 123.09 Sweden T.T. 15.803 15.508 Frs. to £N.Z. . O.D. 15,8(13 15.514 Switzerland .... T.T. 17.393 17.323 Frs. to £N.Z. . O.D. 17.098 17.328 Chefoo T.T. — 18 1-8' N.Z. d. to Doi. . O.D. —— 18 7-04 Hong-Kong .... T.T. 18 29-64 18o3-64 N.Z. d. to Doi. . O.D. IS 27-01 : IS 03-64 India and Ceylon . T.T. 229 22 21-32 N.Z. d. to Blip. • O.D. 22 11-35 ! 22 21-32 rp Fp — 17 7-10 N.Z. d. to 1. Yen O.D. — 17 7-10 T.T. 29 11-31 • 29 27-32 N.Z. d. to Peso . O.D. 29 i 29 27-32 Shanghai T.T. — 18 7-04 N.Z. d. to Doi. . O.D. —— 18 7-04 Singapore T.T. 34 17-31 ► 35 1-64 , N.Z. d. to Doi. . O.D. 34 7-1C > 35 1-64

U.S.A. Doi. Canadian Doi. (Per £1N.Z.) (Per £1N.Z.) 4.00 3-16 4-004 T.T. o.u. 4.008 4.00J Buying: O.D. 4.044 4 - 04 4