AUSTRALIAN SHARE MARKETS

Manawatu Standard, Volume LVIII, Issue 21, 22 December 1937, Page 14

AUSTRALIAN SHARE MARKETS

A QUIET TONE. SYDNEY, Dec. 21. Business on the Sydney Stock Exchange is very quiet owing to the near approach of the Christmas vacation, but the tone of the markets is firm and hardening. Sales. —Bank of New South Wales, £33 ss; National Bank, £5 paid, £7 2s 6d; Colonial Sugar, £4B; Associated News, ex div., 22s 9d; ditto, pref., 24s 3d; Tooths, 53s 9d; Toohcys, 335; G. J. Coles, 85s 6d; Dunlop Perdriau, 23s lid; Fairymead Sugar, 37s 3d; Millaquin Sugar, 40s; Woolworths, Ltd.. 265; Kandos Cement, 25s 9d; W. H. Soul, 84s; Felt and Textiles, 375; Standard Cement, 15s 7id; Rawant? Tin, 10s Id: Mount Lyell, 30s lOgd. MELBOURNE, Dec. 21. On the Stock Exchange only a moderate turnover was recorded to-day, although prices were very steady. Fijian were most active in the gold section. Sales— E., S. and A. Bank, £5 4s; Union Bank. £9 lls; Adelaide Steam, 32s 3d; Dunlop Perdriau, 23s Id; Felt and Textiles, 37s 3d; Woolworths, Ltd., 265; Australian Foundation Investment Trust, 6s; National Reliance Investment Trust, lls lid; Mount Morgan, 10s 8d; Broken Hill Proprietary, 645; North Broken Hill, 52s 3d; South Broken Hill, 36s 3d; Emperor, 12s sd; Loloma, 17s 3d. FOREIGN EXCHANGES. ON NEW ZEALAND CURRENCY BASIS. The Bank o' New South Wales, Wellington, quoted tie following rates for their purchases and sales of fpreign exchange yesterday:— „ . ' New Zealand. Buying. Selling, on London —

The Associated Banks (other than the Bank of New South Woles) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canadian Dol. (Per Dol. (Per Selfin— £1 N.Z.) £1 N.Z.) TT° 4.001 4.0015-16 O.D 4.01 3-16 4.011 Buying— O.D. 4.05 3-16 4.05! POSITION OF STERLING. LONDON, Dec. 18. The following mean closing rales on foreign exchanges were current to-day

£.N.Z. to 124/10/0 stg.100 T.T. 124 O.D. 123/10/0 124/8/9 Australia — £A. to £.N.Z. 100/10/0 100 T.T. 101 O.D. 101 100/10/0 89 Fiji— £F to £N.Z. O.D. SO/7/6 New York—Dollars to £ 4.0066 N.Z T.T. 4.0412 O.D. 4.0512 4.0106 Montreal — Dollars to £ 4.0114 N.Z T.T. 4.0439 O.D. 4.0559 4.0154 France — Franca to £ 117.16 N.Z T.T. 119.66 O.D. — 117.20 Hons Kong- • N.Z. pence to 1 dollar . T.T. 18 7-16 18 13-16 O.D. 18 13-32 18 13-16 Japan— N.Z. pence to yen T.T. — 174 O.D. — l/g Shanghai— N.Z. ponce to dollar .. T.T. — 18 9-64 O.D. — 18 9-64

compared with par: — Par. Dec. 18 New York, dol. to £ .. 4.991 4.866 Montreal, dol. to £ 4.991 4.866 Paris, fr. to £ . 147 9-64 124.21 29.41 48.611 21.601 25.225 8.981 12.107 12.40 <^6.46 . 19.40 18.159 Copenhagen, knr. to £ Oslo, knr. to £ ■■■■■■ Vienna, scligs. to £ •• Prague, knr. to £ ........ Hel’fors, marks to i .. 22.40 19.90 26.50 142.25 226.125 18.159 18.159 34,585 134.25 193.23 25,225 100 92 375 813.60 276.31 4.899 47 62 Madrid, pes. to £ Lisbon, esc. to £ Milan, lire to £ , Athens, drac. to £ Bucharest, loi to £ 1103-16 94 15-16 547.50 677.50 Belgrade, din. to £ Rio de J., p. to mil. J2 31-32 B. Aires, p. to peso M. Video, p. to pesto .. 51 18 2oi Calcutta, p. to rup -18a Shanghai, p. to dol. ... 14 3-16 Hong Kong, p. to dol. 15 24.582 Yokohama, p. to yen 14 Batavia, fl. to £ 8.975 12.10 * rate.