AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXI, Issue 21885, 22 August 1934, Page 7

AUSTRALIAN EXCHANGES

YESTERDAY'S BUSINESS PASTORAL SHARES FIRM (Received August 21, 7.35 p.m.) SYDNEY, August 21 /'"On tho Sydney Stock Exchango today Commonwealth bonds . showed an improvement and banks were moro active. Pastoral shares were firmly held as the rcsi/lt of the opening of tha wool sales in Brisbane, which accorded with anticipations. The market generally reflected an atmosphere of confidence. This morning's sales included: Commonwealth bonds, 3i per cent, 1942, £lOl 10s; 4 per cent, 1944 and 1957, £10(5 15s; 1961, £lO7 15s; Commercial Bank of Sydney, £l7; Bank of New South Wales, £3l; Bank of Australasia, £ll 10s; Australian Gas, A Shares, £7 17s 6d; Anthony Hordorn, 14s 6d; Associated News, 23s lid; ditto, pref., 23s 9d; British Tobacco, 37s 9d; Dunlop Perdriau, pref., 355; Wilcox Mofflin, 12s 9d. Later sales included:. Bank of New South Wales, £3l; Commercial Bank of Sydney, £l7; Commercial Bank of Australia, 15s 9d; Union Bank, £9 7s 6d; Bank of Australasia, £ll 10s; Colonial Sugar, £66 17s 6d; Mercantile Mutual Insurance, 22s 9d; Australian Gas, A shares, £7 17s 6d; British Tobacco, 37s 9d; Tooth's Brewery, 455; Toohey's Brewery, 275; Dunlop Perdriau, pref., 345; Goldsbrough-Mort, 80s; Henry Jones, 31s 3d; Lustre Hosiery, 23s 10U1; Victoria Nyanza, 8s; Australian Iron and Steel, pref., 23s 3d; Broken Hill Proprietary, 48s; Bulolo Gold. New Zealand delivery, £9; Kuala Kampar, 17s. Commonwealth 4 per cent bonds, 1938, £lO4 ss; 1941, £lO6 3s 9d; 1944, £lO7 2s 6d; 1950, £lO5 17s 6d; 1953, £lO6 7s 6d; 1955, £lO6 10s; 1&57, £lO7 10s; £1959, £IOB 2s 6d. Melbourne sales included: Commercial Bank of Australia, 15s lOd; Golds-brough-Mort, 30s: Howard Smith. Ids; British Tobacco. 37s 6d; Mt. Lyell, 20s 6d; Taranaki Oil, Is lid. FOREIGN EXCHANGES DOLLAR SLIGHTLY FIRMER British Wireless RUGBY, August 20 The following rates on foreign exchanges are current, compared with the cabled quotations on August 18 and

NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by the Now Zealand banks, are as under:— Buying Selling [United States .. 5.20 5.00 Canada . . . . 5.05 4.86 The cost in New Zealand currency of the pound sterling and of the principal foreign units, on tlia latest quotations, is as follows:

These valuations represent the current rates at which the banks sell drafts payable on demand. CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of the vessels named aro shown in the following table. They are subject to confirmation by the Customs Department when the exact time cf departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: — Melbourne Marti, Japan, yen . . 141 d Port Hobart, America, dollars . . 5.03 11-1 Canadian Britisher, Canada, dol. 4.95} Golden State, America, dollars .. 5.03 7-1G Niagara, Canada, dollars .. .. 4.961 GOLD AND SILVER QUOTATIONS IN LONDON (Received August 21, 7.35 p.m.) LONDON. August 20 'Fine gold is quoted to-day at £6 18s 3<l an ounce, compared with £6 18s 4d on Saturday. Silver is quoted at 21 gd an ounce spot, and 21 9-16 d forward, compared with 212 d both positions on Saturday. The quotation for silver at per fine' ounce is 22 5-16 d, compared with 23id on August 17. Following is a summary of the fluctuation in the prico per ounce of fine gold this year:—

PRICES OF METALS AN EASIER TENDENCY (Received August 21. 7.35 p.m.) LONDON. August 20 Following are to-day's quotations on the London metal market compared with thoso of August 17: —

INDUSTRIAL RECOVERY . PLEA FOR ARBITRATION A plea for industrial arbitration was made by Sir Montague Burton, spcaking in England recently, at the general meeting of Montague Burton, Limited. Legislation in that direction, he declared, would ensure 'the continuation of tho national recovery, and it was significant that during the period of recovery tho country had been free from industrial strife. Only those who appreciated" the full effect of tho industrial conflict which undermined recovery during the first seven of the post-war years, culminating in the 1920 upheaval, could realise the danger of leaving the long-awaited recovery to take care of itself. Generally, in Sir Montague's opinion, the outlook at tho present day was hopeful.

par:— Aug. 20 Aug. 18 Par. Montreal, dol, . . 4.96% 4.97% 4.860 New York, dol. . 5.08/1» 5.09% 4.866 Paris, fr. Brussels, belga . 76%B 76% 124.21 •21..12 21.42 35.00 Geneva, fr. 15,4lVa 15.42 25.22 Amsterdam, fl. . 7.42% 7.42% 12.10 Milan, lire 5S 21-32 58 21-32 92.46 Berlin, r.na. 12.72 12.81 20.43 Stockholm, kr. . 19.39'/;, 19.39% 18.159 Copenhagen, kr. . 22.39% 22.39% 18.159 Oslo, kr. 19.90% 19.90% 18.159 Vienna, sch. 27 27 34.585 Prague, kr. 121% 12iy, e 164.25 Helsingfors, mark 226% 226% 129.23 Madrid, pes. 30> 13 /, o 36"/,« 25.221 Lisbon, escu. .. 110% 110% 110» Athens, dr. 525* 525* 375.00 Bucharest, lei. . . 504 504 813.6 Kio de Janeiro, mil. . -V/.d' 4'^d* 5.809d Buenos Aires, dol. 36%d* 36%d' 47.6l9d Montevideo, dol. 38 3 Sd* 38'id* 51 d Bombay, rupee . ]8'/ tfi d lS'/nd 18d Shanghai, dol. . . IC.'-Ud 16%d Hongkong, dol. , 18%d 18'/,rd Yokohama, yen . 14%d 14%d 24.58d Batavia, fl. 7.41 7.41 12.10 Belgrade, din. . . 221 •Sellers. 276.31

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Aug 20 A UK. 17 I er ton Per ton £ 8 d £ s d Copper, stan., spot . . 27 15 75 28 3 9 Copper, stun., 3 nios. 28 3 lj 28 10 7 *Copp<fr, electrolytic 31 2 0 31 5 0 to to 31 5 0 31 15 0 Copper, clec., wire barn 31 5 0 31 15 0 Lend, soft, spot 10 15 0 10 16 3 Lead, soft, forward .. 11 0 0 11 1 3 Spelter, spot 13 10 3 13 17 C> Spelter, forward 13 ir> 3 13 17 6 Tin, stan., spot 228 12 6 228 13 9 Tin, stan., 3 mos. . . 228 12 6 228 13 9 * American 9 icnts a lb.