FURTHER DECLINE

Dominion, Volume 32, Issue 103, 25 January 1939, Page 14

FURTHER DECLINE

Australian Share Prices

METAL ISSUES WEAKEN By Telegraph.—Press —Copyright. (Received January 24, 9.55 p.m.) SYDNEY. .January 24. Sydney share values were marked down again today, due to the international tension, a sharp tall in the New York index, and the lower trend in London. The metals group was the heaviest hit. Sales on the Sydney Stock Ex-

Morning sales included: Commonwealth Bonds, 4 per cent. (1947/, £103; 4 per cent. (1961), £lO3/18/9; Commercial Bank. Sydney. £2O/12/-: Tooth’s Brewery, 54/-; Associated News. 20/9; Australian Iron and Steel (pref.), 27/3; British Tobacco. 48/3; (pref.), 31./-; Broken Hill Proprietary, 54/6; Colonial Sugar, £45/12/6; Fairymead Sugar, 31/-. MELBOURNE, January 24. Sales on the Stock Exchange of Melbourne today included : — £ s. d.

FOREIGN EXCHANGES

Position Of Sterling

i British OHiei.il Wireless.) LONDON, January 23. The following mean closing rates on foreign exchanges were current today compared with those ruling on January 21:— Par. Jan. 21. Jan. 23. N. York, dol. to £ 4.866 4.07 5-16 4.07 11-10 Montreal, dol. to £ 4.500 4.705 4.704 Paris, francs to £ 124.21 170 29-32 177 5-04 Brussels, bel. to £ 48.011 27.(14 27.671 Geneva, t'r. to £ 25.225 20.67 20.714 luist'dani. fl. to £ 12.107 8.613 8.64} Berlin, inks. to £ 23.43 11.67 11.69} C'hagen, knr. to £ 18.1.79 22.10 22.40 St’holm, knr. to £ 23.43 19.42 b PJ.425 Oslo, knr. to £ 18.151) 10.90 19.00 Hels’ki. mks. to £ 193.23 226.75 226.75 Prague, knr. to £ 134.25 136.50 136.50 Madrid, pes. to £ 25.225 200 200 Lisbon, esc. to £ 100 1103-10 110 3-16 Milan, lire to £ 92 8813-16 8815-10 Athens, drac to £ 375 517.50 517.50 Bucharest, lei to £ 813.60 ISO 000 Belgrade, din to £ 276.31 201) 209 Rio deJ., p. to mil. 4.99 3 1-16 3 1-16 B. Aires, p. to pesa 47.02 •' 20.345 20.355 M. Video, p. to peso 51 18} .18} Calcutta, p. to rup. 18 17 59-64 17 59-64 Shanghai, p. to dol. 18 8g 8} 11. Kong, p. to dol. — 15 15 Y'hama, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.60 8.01 LONDON, January 23. Gold.—£7/8/84 an ounce, fine. Silver.—Spot, 20 3-16 d. an ounce; forward 19 13-16(1. On New Zealand Currency Basis The Bank of New South Wales, Wellington, quoted I lie following rates for their purchases and sales of foreign exchange

Ilii- Associated Hanks millet Ilian Hie Hank ..f N'ew South Wnli'si quoted 'he 10l lowing dollar rates yesterday on it New Zealand currency basis. They are -ul>l"<io alteration without notice U.S.A Canadian dollars. dollars Selling il’-rCNZ.i il’-i CNZi T.T. ::.7i] •"•.71 O.i >. •"••72 ::.7H H living O.I). 3.77 9-16 3.81)

Elder, Smith Share Issue

At a meeting of sbareliolders of Elder Smith and Co., Ltd.., to be held in Adelaide, a resolution will be submitted that 50,000 unissued shnren in the company be forthwith offered to shareholders in the proportion of one t" eight of the shares held by th'in on February 21. lltol), s-tieh shares' to be issued at. £0 a share. The directors state that the expansion of the business has made it advisable to secure additional capital.

.change today included : — £ S (1. Bank of New South Wales . Commercial Bank of Sydney, 30 0 0 N.Z. delivery 20 12 o Com. Bank of Australia . . . 0 15 Union Bank s l» 0 Colonial Sugar -15 12 G 1 0 • 0 19 1 A British Tobacco • < — 0 0 1 11 o Tooth and Co 14 o Tooheys. Ltd «■ • •• 1 12 0 Aus. Iron and Steel, pref. .. 1 1 o Hume Pipe . • 0 10 Cash Orders, prel 1 4 6 Howard Auto 0 IS 10 J Ditto, N.Z. delivery . . 0 18 104 W. 11. Soul 4 10 0 Producers and General . . . 0 3 6 Ditto, pref 0 10 0 J. Fielding 4 2 0 William Adams 0 15 3 Standard Cement 1 3 Woolworths, Ltd 1 1 3 Henry Jones 2 3 Electrolytic Zinc, •> 4 0 Ditto, pref 15 Mount. Morgan 0 10 0 Mount Lyell 1 3 44 Broken Hill Proprietary ... 14 0 Ditto, contr 1 9 Broken Hill South 1 4 9 Zinc Corporation . ) 13 0 Loloma Mines 1 0 3

Comm. Bank of Australia . . 0 15 5 E.S. ami A. Bank 0 b National Bank, £5 paid . . . Goldsbrough Mort 6 10 0 1 0 Australian Glass > 5 3 0 Metropolitan Gas ■ . 13 17 0 British Tobacco 9 Australian Cement 1 15 0 Claude Neon 1 11 0 Herald and Times z 1!) (5 Nestles, pref 1 Bi 0 Dunlop Perdriau . . ., 0 in io Mount Morgan . (1 10 0 Mount Lvell J 4 0 Electrolytic Zinc pref 1 7 9 Emperor Gold 0 9 o Loloma Mines 0 19 9

yesterday: — New Zealand Buying. Selling. on London T.T. 124/7/0 12o £N.Z. to £stg. 100 o.d. 12:;/18/1) 124/19/0 Australia T.T. 100/10/100 £A to £N.Z. 100 O.D. 100/10/100 Fiji T.T. DO 88/12/0 £F to £N.Z. 100 O.D. 90 S8/12/6 3.7225 New York T.T. 3.7753 Doi. to £N.Z. . O.D. 3.7803 1 2.»;> Montreal T.T. ;:.so25 3. t -J 2-1 Doi. to £N.Z. . O.D. 3.8112 3.7433 Belgium T.T. 22.437 21.897 Bel. to £N.Z, . O.D. 22.512 21.902 Czechoslovakia .. T.T. — 107.13 Krs. to £N.Z. . O.D. - 107.15 Denmark T.T. 18.227 17.695 Krn. to £N.Z. O.D. 18.287 17.097 Finland , T.T. 180.23 170.08 Mks. to £N.Z. . O.D. ISti.KJ 170.18 France T.T. 144.51 139.51 Frs. to £N.Z. . O.D. — 139.53 T.T. — 9.199 Mks. to £N.Z. . O.D. — 9.201 ( r I’f T.T. 418.90 Drae. Io £N.Z. O.D. 119.05 Holland T.T. 7.070 6.815 FIs. to £N.Z. . O.D. 7.110 0.817 Italy T.T. — 70.00 O.D. — 70.02 Java' T.T. 7.041 0.781 FIs. to £N.Z. . O.D. 7.081 6.783 Norway T.T. 1(1.209 15.712 Krn. to £N.Z. . O.D. 10.2119 15.7 If Noumea T.'l'. 149.51 130.01 Frs. to N.£.Z. . O.D. - 130.05 Papeete T.T. 148.31 136.31 Frs. to £N.Z. O.D. — 136.35 Sweden T.T. 15.841 15.339 Krn. to £N.Z. O.D. 15.1101 15.312 Switzerland T.T. 111.813 16.378 Frs. to £N.Z. O.D. 10.918 16.380 Hong Kong .... T.T. IS 23-111 19 1-01 N.Z. d. to Doi. O.D. 18 21-01 19 1-04 India and ('eyIon T.'l 22 9-61 22 41 Gt N.Z. <1 to Hup O D 22 7-01 22 41-04 T.'l 17 45 Ti N.Z. d to Yen O.D 17 45-61 Manila T.T 31 25 04 12 35 61 N Z. it to Peso O D 31 19-64 32 35 c; Shanghai T.T. - 11 15-10 N.Z. d. to Doi. o.D. 11 l.,-10 Singapore T.T. 31 13-32 3. • 1 N.Z. <1 to Doi. O.D. 34 11-32 I