AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXI, Issue 21881, 17 August 1934, Page 7

AUSTRALIAN EXCHANGES

YESTERDAY'S BUSINESS INDUSTRIAL SHARES FIRMER (Received August IG. 7.35 p.m.) SYDNEY, August 16 On the Sydney Stock Exchange today there was active trading at firmer levels in all tho better-class industrial shares. This morning's sales includod:—Commonwealth bonds: 3i per cent, 1948, ,£lO2 ss; 4 per cent, 1935, £105; 1959, £IOB 12s Gd. Australian Gus, A shares. £8 2s; Associated News, 235; ditto (preference), 23s Od; Burns-Philp, 535; Colonial Sugar, £OO 7s 0d; Goldsbroughmort, 29s 9(1; James Stedman, 10s Od. Later sales included:—Bank of New South Wales, £3O 13s Od; Commercial Bank of Sydney, £lO 10s; Australian Provincial Assurance, 10s sd; Colonial Sugar, £OO 7s (3d; Associated News, 22s 9d; ditto (preference), 23s Od; HowardSmith, 10s; Huddart-Parkcr, 335; Burns-Philp, 53s 0d; Australian Gas, A shares, £8 2s; Bcrlei, 30s 9<l; ditto (preference), 30s; Meggitts. IDs 9d: Drug Houses of Australia, 20s 3d; Australian Glass, 51s; Goldsbrough-Mort, 29s lOJd; Henry Jones, 31s; Fairymead Sugar, 375; Electrolytic Zinc, 27s Hd; Mount Morgan, 265; Broken Hill Proprietary, 48s 3d; South Broken Hill, 78s 0d; Kuala Kampar, 16s 10} d; Placer Development, £2B ss; Euratha Gold, 10s. Commonwealth t per cent bonds: 1938, £lO5 Is 3d; 1944, £IOB 7s Or]; 1947, £lO9 7s 6d: 1953, £lO7 ss; 1959, £IOB 10s; 1961, £lO9 ss. ' Melbourne sales included: —National Bank (£5 paid), £6; Commercial Brink of Australia. 15s«0d; Australian Glass. 51s; Howard-Smith, 15s 9d; North Broken Hill, 90s; Huddart-Parkcr, 33s 9d.

TRADE OF BRITAIN INCREASES FOB JULY SEVEN MONTHS COMPARED LONDON, August 15 The Board of Trade returns for July show that the value of imports totalled £58,020,218, an increase of £4,319,991 compared with July, 1933. The value of exports was £33,229,621, an increase of £3,382,280, and of re-exports of £4,128,719, a decrease of £195,000. The principal increases were:—lmports: Living food animals, £435,000; meat, £472.000; beverages and cocoa preparations, £857,000; wood and timber, £1,878,000; rubber, £838,000; iron and steel and manufactures thereof, £415,000; non-ferrous metals and manufactures, £365,000; machinery, £380,000. Exports: Iron and steel and manufactures thereof, £713,000; machinery, £517,000; cotton yarns and manufactures, £466,000; woollens and manufactures. £275,000. The chief decreases were:—lmports: Grain and flour, £503,000; other food, £524,000; raw cotton, £1,077,000; wool, £411,000.

Following is a comparison of the returns for July of the last three years: Imports Export? Re-exports 193-2 . . £31.921,493 £23.293.683 £3.304.757 1933 .. 53.700.227 29,847.341 4.323.7!!) 1931 . . 58,020.218 33.229,021 4,128,719 The apparent adverse balance in July, 19;>2, was £19,323,048. It increased to £19,535,167 in July, 1933. Last month the excess of imports over exports increased to £20,667,878. Corresponding returns for periods of seven months are: — Imports Exports Re-exports 1932 ..£411.832,550 £210,327,021 £32,634,910 193.} .. 373,813,127 205,128.006 29.510.978 1934 .. 420,446.999 222.957,700 33.151,512 The apparent adverse balance for the first seven months of this year is £164,337,781, compared with £139,204,083 in 1933 and £162,870,016 in 1932. FOREIGN EXCHANGES DOLLAR RATHER STRONGER (Received August 16, 6.15 p.m.) British Wireless RUGBY, August 15 The following rates on foreign exchanges are current, compared with the cabled quotations on August 14 and

CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of the vessels nam<?d are shewn in the following table. They are subject to confirmation hv the Customs Department when the exact time cf departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: — Benholm, Canada, dollars . . . . *4.90 Benholm, Aincrica, dollars . . *0.04 Melbourne Maru, Japan, yen . . MJd Port Hobart, America, dollars . . 5.0:> 11-16 Canadian Britisher, Canada, dol. 4.95} Golden Stale. America, dollars .. 6.0,3 7-16 Koyo Maru, Japan, yen .. .. 14id NEW ZEALAND MONEY ABROAD Current dollar exchange;), as quoted by the New Zealand banks, are as under: — Buying Sellinc United States . . 5.1S 4.98 Canada .. . . 5.05 4.55 The cost in New Zealand currency of the pound sterling and of the principal foreifjn units, on the latest quotations, is as follows:

Present Price Par e <1 s r] Australia, pound .. 19 J0.8) 20 0.00 London, pound .. .. 24 10.50 20 0,00 New York, dollar •• 4 11,9-1 4 1.31 Montreal, dollar .. 5 1,55 4 1.31 Paris, franc .. .. 0 a,90 0 1 .OS Reriin, murk .. .. i 11.22 0 11.7-1 Copenhagen, krono .. 1 J.''2 1 1.22 Yokohama, yen . . . . 1 5.72 2 fl.'B

These valuations represent r.ho current rates at which the banks sell drafts pavnble on demand. PROPERTY AUCTIONS Samuel Vaile and Sons. Limited, will offer at auction at its rooms, 83 Queen Street. Rt 2 p.m. to-day, bungalow of four rooms at 41 Alfred Street, Oneliunga. CALL AND DIVIDEND LIST Dividends— Due Wellington Woolhn—final, making 5 p.r. p.n. . . . . Ailsr. 21 Faun. Fertiliser—annual. 5 p.e. Aug. 22 Bank N.S.W.—-quarterly. 5s a share • ■ Aug. 29 Gillespie's Beaeh—ld a share .. Aug. 31 Elder Smith—final, 3i p.c. . . Sept. J Standard Ins.—final. Is 3d a share Sept. 3 Elec. Zinc—old, annual, -1 p.c.; pref., 8 p.c. p.a. . . Sept. 7 Broken Ilill South—int., Is 6d a share . . . . • • • • Sept. 15

par:— Aug. 15 Aug. 14 Par. Montreal, dol. . . 4.96% 4.90/3 4.860 JS'ew York, dol. . 5.08'/a 6.10% 4.8G6 Paris, fr. 76% 70/jo 124.21 Brussels, belga . 21.4lVa 21.42 35.00 tfsrieva, fr. 13.40 15.40% 25.22 Amsterdam, fl. . 7.41 1 /, 7.42 12.10 Milan, lire 59/s 5S/g 92.40 Berlin, r.ra. 12.85% 12.80% 20.43 Stockholm, kr. , 19.39% 19.39% 22.38% 18.1;>9 Copenhagen, kr. . 22.39% 18.159 ObIo, kr. 19.90/j 19.90% 18.159 Vienna, sch. 27 27 34.585 Prague, kr. 121 3 /,, 121*/,» 161.25 Helsiugfors, mark ooti 3 /; 226% 129.23 Madrid, pes. 36 »/„ 5X3"/,. 25.221 Lisbon, escu. . . 110% 110% no Athens, dr. _ 525* 523' 375.00 Bucharest, lei. . . 503 £04 813.6 Rio de Janeiro, mil 4%d* 4%d* 5.899d Buenos Aires, dol. 36%d * 36%d* 47.619d Montevideo, dol. a»VA' 38/id* 51d Bopibrvy, mpee . 18V, *d 18/,r,d lSd Shanghai, dol. .. lG"/, c d 10"/, «d — Hongkong, dol . 18%d 1 8%d 24.58d Yokohama, yen . 14%d 14 7-32d Batavia, fl. 7.40 7.40 :2.10 Belgrade, din. .. OOl 'Sellers. 221 270.31