BANKS FIRMER

Dominion, Volume 32, Issue 63, 7 December 1938, Page 14

BANKS FIRMER

Australian Share Markets INDUSTRIALS QUIET By Telegraph.—Press Assn.—Copyright. (Received December 6, 9.25 p.m.) SYDNEY. December 6. The relatively attractive, yields—well over 4 per cent. —now obtainable on the shares of the Commercial Banking Company of Sydney anti the Bank of New South Wales stimulated prices on the Sydney Stock Exchange today. Industrial shares were steady to firmer. Sales

Morning sales included : Commonwealth bonds. 4 per cent.. .1944. £lOl/5/-: 4 per cent.. 1950, £lo'2/6/3; 4 per cent., 1957, £lOl/16/3; 4 per cent.. 1059. £lO2 3/9; 4 per cent.. 1961, £lO2/11/3; Bank of New South Wales, £29/18/-; Commercial Bank of Sydney, £2O/6/-; Associated Newspapers, 21/6: ditto, pref., 23/-; Australian Glass. 101/-; Electrolytic Zinc, pref., -18/6; Fairyniead Sugar. 30/6; G. J. Coles, 7S/9; Goldsbrough Mort 28/3. • MELBOURNE, December 6. On the Stock Exchange of Melbourne today brewery shares were in demand, but other industrials were inelined to drift in the absence of any definite trend

FOREIGN EXCHANGES Position Of Sterling (British Official Wireless.) LONDON, November 5. 'Die following mean closing rates on foreign exchanges were current today compared with those ruling on December

LONDON, November 5. Gold.—E7/8/3J an ounce, fine. Silver.—Spot, 20Jd. an ounce; forward. 21jd. (Received Decenuber 6, 6.30 p.m.) . NEW Y'ORK, December 5. Sterling is quoted at 4.69 7-8 dollars to the £. On New Zealand Currency Basis The Bank of New South AA’alcs, Weliington, quoted the following rates for llieir purchases and sales of foreign exchange

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

Bradford Tops Market Steady LONDON, December 5. The Bradford tops market, its steady. There is not much business but consumption is well maintained.

included : — £ s. d. Bunk of New South Wales . 29 19 0 Com. Bunk of Sydney •20 G 0 National Bank, £10 paid ... 13 1-1 0 Colonial Sugar . ■ 47 0 0 United Insurance 10 5 0 Burns Philp . . 11 6 British Tobacco 8 0 1 10 0 Carlton Brewery ’ «■> 8 6 Australian (Hass 1 0 y 11 11* o J 0 0 0 13 0 Ditto, N'.Z. delivery . ., 0 12 1 0 13 0 Hume Pipe 0 19 1 Cash Orders 0 15 6 W. IL Carpenter ■ 3 0 Australian Gypsum 1 0 6 Standard Cement 1 1 G 1 2 0 Wnohvorfhs, Ltd . .. 1 0 101 Ditto, second pref. ■■■ 1 9 0 Goldsbrough Mort 1 8 3 Henry Jones S 3 F a i ry tn rad Suga r 1 10 G Millajiuin Sugar 1 19 0

overseas. Sales included :— £ s. d. Com. Bank of Australia . . ' 0 16 0 National Bank, £5 paid 6 10 0 Ditto, £10 paid 13 13 0 Australian Paper Manufacturers, pref 1 5 6 Carlton Brewery 3 S 0 G. J. Coles 3 19 0 Melbourne Investment Trust 0 10 4 Australian Iron and Steel, pref 1 7 9 Dunlop Perdriau 1 0 4 Herald and Times 2 17 9 Imperial Chemicals, prof. .. 1 2 .11 National Reliance Investment Trust 0 9 6 Mt. Lyell 1 S 0 Broken Hill Proprietary 2 nt; 0 Ditto, pew isf-nie 2 3 3 North Broken Hill 2 7 Emperor Gold 0 9 11 Loloma Mines 1 2 0

Far. Dee. 3. Dec. 5. N. York, dol. to £ •1.8(10 4.68J 4.90 9-10 Montreal, dol. to £ 4.SGG 4.71} 4.735 Paris, fr. to £ 12-1.21 177 45-04 177.025 Brussels, bel. to £ 48.611 27.81 27.89} Geneva, fr. to £ 20.62 20.77 Anist’dani, fl. to £ 12.107 8. GU8.63 Berlin, inks, to £ 23.43 ll. (18 11.71 C’hagen, knr. to £ 18.159 22.40 22.40 St'holm, knr. to £ 23.43 19.41 19.41 Oslo, knr. to £ 18.159 19.90 19.90 liels’kl, inks, to £. 193.23 220.75 220.75 Prague, knr. to £ Madrid, pes. to £ Lisbon, esc. to £ 134.25 136.75 137.50 25.225 100 110.125 110.125 Milan, lire to £ 92 89 89.50 Athens, drac. to £ 3 i u 547.50 547.50 Bucharest, lei to £ 813.00 655 055 Belgrade, din. to £ 270.31 209 209 Rio de J., p. to mil. 4.99 3 1 -16 3 1-10 B. Aires, p. to pesa 47.02 20.00 20.01 M. Video, p. to peso 51 184 184 Calcutta, p. to rup. Shanghai, p. to dol. IS 17 59-04 17 59-0-1 18 Si st 15 II. Kong, p. to dol. — 15 Y’haina, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.595 8.615

yesterday:— New Zealand Buying. selling. (HI London T.T. 121/10/125 £N.Z. to £stg. 100 O.D. 124/1/3 i2-i/ rj/u Australia T.T. 100/10/11)0 £A to £N.Z. 100 0.1). 100/10/100 Fiji T.T. 90 88/12/0 £F to £N.Z. 100 O.D. on 88/12/0 New York T.T. 3.7875 3.73So Doi. to £ N.Z. . O.D. 3.7925 3.7395 Montreal T.T. 3.8215 3.7614 Doi. to £N.Z. . O.I). 3.8302 3.7624 Belgium T.T. 22.600 22.060 Bel. tt. £N.Z. . O.I). 22.675 22.0115 Czechoslovakia .. T.T. — 107.68 Krs. to £N.Z. . O.I). — 107.70 Denmark T.T 18.218 17.6-811 Krn. to £N.Z. . O.I). 18.278 . 17.6.SS Finland T.T. 186.15 176.00 ■ Mks. to £N.Z. . 0.1). 186.55 176.10 France T.T. 144.80 139.89 Frs. Io £N.Z. . O.I). —- 139.91 Germany 1.1. — 9.211 Mks. to £N.Z. . O.I). — 11.213 Greece T.T — 118.68 Drac. to £ N.Z. O.D — •11S S3 Holland T.T. 7.0311 6,78.1 FIs. to £N.Z. . O.D. 7. <176 6.783 Italy -T.T. — 7<‘.84 Lire to £ N.Z. . o.D. 70.86 Java T.T. 7.030 6.770 FIs. to £N.Z. . 0.1). 7.070 6 772 Norway T.T 16.201 I5.701 Krn. to £N.Z. . O.D 16.261 15.707 Noumea T.T. 1 19.89 136.39 Frs. to £N.Z. . O.D. 136.43 Papeete T.T. 1-18.69 136.69 ’ Frs. to £N.Z. . O.D. —■ 13b. • 3 Sweden T.T. 15.821 15.319 Kr. to £N.Z. . O.D. 15.881 15.322 Switzerland ... T.T. 16.756 16.291 Frs. to £N.Z. . O.I). 16.861 16.293 Chefoo . T’.T — 12 7-61 N.Z. d. to Doi. . O.D — 12 7-61 Dong Kong T.T. IS 7-16 19 3-32 N.Z. <1. to Doi. O.I) 18 13-62 19 3-32 India nod Ceylon T.T. 22J 22j N.Z. d. Io Rup. o.D. 22 3-32 22 fj Japan T.T — 17 23-32 N.Z. d. to Yen . O.D. — 17 23-32 Manila rt T.T. 31 13-32 32 9-16 N.Z. d. to Peso . O.D 31 5-16 32 9-16 Shanghai T.T — 11 41-64 N.Z. d. to Doi. . O.D — 11 41-64 Singapore T.T 34 20-04 35 19-64 N.Z. d. to Doi. . O.D 34 25-64 35 19-04

U.S.A, dollars. Canadian dollars. Selling— (Per £N.Z.>. < Il’er 11N.Z i T.T. 3.73} 3.7(1 5-HI 0.1'. 3.731 3.7(1 0-1(1 Buying— O.U. 3.78 ll-Ki 3.81 15-10