AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXX, Issue 21516, 13 June 1933, Page 5

AUSTRALIAN EXCHANGES

YESTERDAY'S BUSINESS FEDERAL BONDS FIRMER (Received June 12, 7.35 p.m.) SYDNEY, June 12 On the Sydney Stock Exchange today the market was somewhat hesitant except for Commonwealth bonds, which were firmer and more actively traded in. Tho turnover generally was well up to the average. This morning's sales included:—Commonwealth 4 per cent bonds, 1941, £lO2 17s Cd; 1944, £103; 1947, £lO2 15s; 1950, £lO3 ss; 1955, £lO3 15s; 1957, £lO2 12s Gd; 1959, £lO3. Australian Gas, A shares, £7 3s; Toohey's Brewery, 23s Gd; Tooth's Brewery, 38s ljd; Associated News, 9s 4d; Australian Glass, 49s 9d; Burns-Philp, 53s 3d; Dalgety's, £9; Goldsbrough-Mort, 25s 3d; Winchcombe-Carson, 25s 9d; Wilcox Mofflin, 7s lkl. Sales this afternoon included: —Bank of New South Wales, £3l 15s; Commercial Bank of Sydney, £l7 National Bank (£lO paid), New Zealand delivery, £l2 15s; Colonial Sugar, £SB 10s; Howard .Smith, 10s 4d; BurnsPhilp, 53s 3d; Berlei (contributing), New Zealand deliverey, 13s 3d; Associated News, 9s Gd; ditto (prof.), 19s 3d; Dalgety's, £9; Goldsbrough-Mort, 25s Gd; Dunlop-Perdriau, 18s 9d; Winchcombe-Carson, 265; Greater J. D. Williams, 7s; Automatic Totalisators, lis Gd; Gordon and Gotch, 34s 9d; Tooth's Brewery, 38s 3d; Toohey's Brewery, 23s 3d; Mount Lyell, 235; Broken Hill Proprietary, 34s sd; North Broken Hill, 81s Gd. Commonwealth 4 per cent bonds, 1938, £lO4 6s 3d; 1911, £lO2 17s 6d; 1944, £lO3 Is 3d; 1917, £lO2 15s; 1950, £lO3 ss; 1953, £lO3 10s; 1955, £lO3 15s; 1957, £lO2 12s Gd; 1959, £lO3 Is 3d; 1961. £lO3 ss. Melbourne sales included:—Metropolitan Gas, £l2 18s; . Gordon and Gotch, (pref.), 325; Herald and "Weekly Times, 56s 9d; Nestle's (pref.), 34s 6d; National Bank (£5 paid), £G 9s; ditto (£lO paid), £l2 16s; Broken Hill Proprietary, 34s 6d; North Broken Hill, 82s; .Taranaki Oil, 2s 6d. BUTTER IN LONDON OUTLOOK MORE HOPEFUL LONDON", June 10 Butter prices are still very low, but the outlook is regarded as more hope- 1 fid than for some time past, and, al- j though no great advance in values is probablo, traders generally anticipate a gradual upward movement. Stocks in cold store certainly show an increase of 1,153,793 boxes, but against this may be set the declining production in Australia and the fact that for the time for many months the quantities afloat from Australia, New Zealand and Argentina are smaller than at the corresponding period of 1932. The present rate iof consumption, aided by the hot weather, should make a considerable reduction in the stored stocks. Traders apparently take a confident view of the position, for there has been a large amount of forward buying, both of Australian and New Zealand, during the last fortnight. The cheese position also is regarded as sound, consumption being large. PRICES IN LONDON STEADY TONE CONTINUES Merchants have received the following cablegrams from their London houses, dated June 10: — Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited. —Butter: 82s. Cheese: White, 48s Gd; coloured, 53s 6d. The markets are quiet, but steady. Allen and Findlav, Limited, from ■Armour and Company, Limited.—Butter: New Zealand, salted, 81s to 83s; unsalted, 81s to 84s; Australian, salted, 80s to 82s; unsalted, 81s to 84s; Danish, 92s to 945. Cheese: New Zealand, tralian, 47s to 51s Gd; Canadian, 66s to 725. Both markets are firm. FOREIGN EXCHANGES APPRECIATION OF STERLING British Wireless RUGBY, June 10 The following rates 011 foreign exchanges are current, compared with the cabled quotations 011 June 9 and par:—

NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by the New Zealand banks, are as under:— Buying Selling United States . . 4.'21 4.01 Canada . . . . 4.C4 4.14 The cost in New Zealand currency of the pound sterling and of the principal foreign units, on the latest quotations, is as follows: — Present Price Par sd s d London, pound . . . . Q4 11.58 20 0.00 Australia, pound . . . 20 0.00 20 0.00 New York, dollar . ~ 6 2.73 4 1.81 Montreal, dollar . . . . 5 7.45 4 1.31 Paris, franc . . . . 0 3.47 0 1.98 Berlin, mark .. .1 8.75 0 11.74 Copenhagen, krone . . 1 1.30 1 1.22 Yokohama, yen 1 6.65 2 0.58 These valuations represent the current rates at which banks sell drafts payable on demand. CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: — Canadian Cruiser, Canada, dollars . . *4.14 Canadian Challenger, Canada, dollars 4.41 Niagara, Canada, dollars . . . . 4.48} Mariposa, America, dollars . . . . 3.993 Golden Cloud. Los Angeles, dollars . . 4.00 Canadian Constructor, Canada, dollars 4.51 STOCK SALES IN THE NORTII f FliOM OlHt OWN W ARK WORTH, Monday The North Aucklnnd Farmers' Co-opera-tive, Limited, conducted a clearing sale at the Ilelensville saleyards on Friday on behalf of Mr. L. Jones, the offering of 75 consisting of Jersey .and Jersey-cross heifers and cows. Prices were very satisfactory, July calvers realising £4 103 to £G 5s,■ August cnlvers. .£3 10s to £4 10s, and backward, to i' 3 10s At Maungaturoto on Friday Alfred Buckland and Sons, Limited, penned n comparatively small yarding consisting chiefly of dairy stock. The dairy cattle were of fair quality, other classes consisting of only average lots. Prices barely maintained late rates. Heifers, close to profit made £3 ss, backward. X2 to £<l 15s: cows, medium quality, £2 to i' 3 10s; others, 30s; store steers. 3)-years, £2 17s 6d; boner cows, 15s to 27s Gd: extra choice Jersey yearling heifers, 38s.

June'10 June 9 Par Montreal, dol. .. 4.555 4.555 4.866 New York, dol. . 4.12 4.115 4.866 Paris, fr. ' Brussels, belga .. 85 13-16 85 13-16 124.21 24.24 24.215 35.00 Geneva, fr. 17.525 17.50 25.22 Amsterdam, fl. .. 8.41 8.40 12.10 Milan, lire 64 27-32 64 i 92.46 Berlin, r.m. 14.44 14.45 20.43 Stockholm, kr. .. 19 13-32 19 13-32 18.159 Copenhagen, kr. . 22.425 22.45 18.159 Oslo, kr. 19 13-1G .19.80 18.159 Vienna, sell. 31 + 30.50+ 34.585 Prague, fir. 113.50 113.25 164.25 Ilelsingfors, mark 22G.50 226.50 129.23 Madrid, pes. 39 9-16 39 7-16 25 221 Lisbon, escu. 110 no 110 Athens, dr. 590 590 375.00 Bucharest, lei. .. 570 o70 813 6 Kiode Janeiro, mil. 41 d+ 4.75d+ 5.8D3d Buenos Aires, dol. 41.75d 41 13-16d 47.619d Montevideo, dol. 34 d + 34d+ 51d Bombay, rupee . 18 5-G4d 18 5-64d 18d Shanghai, "dol. .. 15{cl 15Jd — Hongkong, dol. . 17.25d 16 13-16d — Yokohama, yen . 14 15-16d 14 31-32d 24!58d Batavia. fl. 8.45 8.45 12.10 Belgrade, din. .. — 240 276.31 tXominal.