AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXI, Issue 21932, 16 October 1934, Page 5

AUSTRALIAN EXCHANGES

YESTERDAY'S BUSINESS SYDNEY MARKET BUOYANT (Received October 15, 5.5 p.m.) SYDNEY, Oct. 15 With few sellers in the market and buying orders numerous, conditions on the Sydney Stock Exchange to-day were buoyant. All classes of stocks and shares were firmer. This morning's sales included:—Commonwealth bonds, 3j per cent, 1942, £lO5 10s; 4 per cent, 1941, £IOB 7s lid; 1944 (ex interest), £IOB ss; 1961, £ll2 2s 6d. Commercial Bank of Sydney, £18; Bank of New South Wales, £32 15s; Tooth's Brewery, 50s; Associated News, 25s ljd; British Tobacco, 41s 3d; Broken Hill Proprietary, 535; James Stedman, 15s; Millaquin Sugar, 345; Wilcox Mofflin, 10s 6d. Later sales .included: —Bank of New South Wales, £32 15s; Commercial Bank of Sydney, £18; Commercial Bank of Australia, 16s 3d; Colonial Sugar, £76; Mercantile Mutual Insurance, 24s fid; Associated News, 25s 4Jd; ditto, pref., 255; Adelaide Steam, 28s 6d; Howard Smith. 16s 2d; Burns Philp, 57s fid; Australian Gas, A shares, £8 3s; British Tobacco, 41s 3d; Tooth's Brewery, 50s 3d; Australian Glass, 52s fid; Dunlop Perdriau, 20s ljd; Winchcoinbe Carson, New Zealand delivery, 29s fid; Wilcox Mofflin, 10s sd; Farmers', 245; Anthony Hordern, 15s 9d; Pitt, Son and Badgery, 425; Meggitt's, 21s 6d; Australian Iron and Steel, pref., 23s 9d; Commonwealth Wool, 19s 10id; Millaquin Sugar, 345; Mt. Morgan, 375; Broken Hill Proprietary, 535; North Broken Hill, 965; Placer Development, £25 15s. Melbourne sales included: —Electrolytic Zinc., pref., 365; Herald and Weekly Times, 545; Commercial Bank of Australia, 16s sd; National Bank (£5 paid), £6 ss; Mt. Lyell, IBs 3d. FOREIGN EXCHANGES DOLLAR AND THE FRANC British Wireless .RUGBY, Oct. 13 The following rates on foreign exchanges are current, compared with the cabled quotations on October 1and par:— „ t, Oct. 13 Oct. 13 Par. Montreal, dol. .. 4.82 4.82% f.866 New York, dol. . 4.92 4.Nl>b Paris, fr. .. 74 I'j'Sr o?<in Brussels, belga . 20.91 20.9.) Geneva, fr. .. 14.90 j".00 Amsterdam, fl. •. 7.19% ■ Milan, lire .. 57 57'%, 92.4b Berlin, r.m. .. 12.11 12.15 ?s'i-o Stockholm, kr. . 19.39 Vi 19.39/ a Copenhagen, kr. . 22.40 22.40 f Oslo, kr. .. 19.90/ i 19.90/4 18.109 Vienna, sch. .. 2BVi 2liV« 34.085 Prague, kr. . . 116% 117/n 164.25 Helsingfors, mark 220% 220% 129.23 Madrid, pes. .. 35 3 % 3 W/m 25.221 Lisbon, escu. .. llOVs 110% 310 Athens, dr. .. 510* 510* 375.00 Bucharest, lei. .. 490 490 813.G RiodeJaneiro.mil. 4/4 d* 4%d* 5.899 d Buenos Aires, dol. 30% d* 30% d 47.019 d Montevideo, dol. 39 l %«d* 40d* 51d Bombay, rupee . 18% B d 18Vied 18d Shanghai, dol. . 18%„d 18% d Hongkong, dol. . 20% d 20% d Yokohama, yen . 14'/,„d 14Vi,d 24.58 d Batavia. fl. .. 7.17 7.15 12.10 Belgrade, din. .. 'Sellers. NEW ZEALAND MONEY ABROAD Current dollar exchanges as quoted by the New Zealand banks, arc as under:— Dollars to £1 Sterling Buying Sellins: United States .. 5.03 4.&1 Canada .. .. 4.92 4.72 Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice:. — T.T. On Demand To £1 N.Z. Currency Selling Buying Selling France, fr. .. 58.83 00.43 58.88 Noumea, fr. .. 58.08 01.48 58.13 Papeete, fr. .. 58.08 01.48 58.13 Belgium, belga .. 10.483 17.283 10.498 Germany, r.m. .. 9.521 Italy, lire .. .. 45.09 Switzerland, fr. .. 11.836 12.311 11.846 Holland, fl. .. 5.607 5.967 5.071 Java, fl 5.045 5.020 v 5.649 N.Z. pence to Japan, yen .. IT 2 Shanghai, dol. .. 23"/,, 22% 23% India, rupee .. 22% 22% s 22»/,„ Ceylon, rupee .. 22% 22% a 22°/ 19 Hongkong, dol. .. 2fi% a 24 3 % 3 25 s % 3 Singapore, dol. .. 35% 34% a 35 a / l 0 The cost in New Zealand currency of the pound sterling, and of the principal foreign units, on the latest quotations, h as follows: —• Present Price Par fid s d Australia, pound .. 19 10.81 20 0.00 London, pound . • .. 24 10.50 23 0.00 New York, dollar .. 5 1.80 4 1.31 Montreal, dollar .. 5 3.27 4 1.31 Paris, franc .. .. 0 4.03 0 <1.98 Berlin, reichmark .. 2 0.60 0 11.74 Copenhagen, krone 1 1.33 1 1.22 Yokohama, yen .. .. 1 5.49 Q 0.58 CUSTOMS EXCHANGE RATES Bates 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*: — Wairuna, America, dollars .. .. 4.89J Canadian Leader, America, dollars *5.09 Canadian Leader, Canada, dollars *4.87 Armadale, America, dollars .. .. 4.99J Golden Bear, America, dollars .. 4.953 Brisbane Maru. Japan, yen .. 14 1-lOd Niagara, Cannda, dollars .. .. 4.80J Canadian Challenger, Canada, dollars 4,81 IMPORTED RAM CAMBRIDGE EXPERIMENT LONDON, Oct. 14 The animal breeding station at the Cambridge University School of Agriculture is importing a ram from Connecticut, which' is destined to be tho father of perfect producers of legs of mutton. The progenitor of the ram was a short-legged animal bred in Norway. On the chance of belonging to a breed of similar Cheviots, one of these rams was sent to the Storrs agricultural station in Connecticut, where breeding of the short-legged creatures began. The Cambridge School of Agriculture then decided to mate tho new variety with Suffolk-cross ewes, believing that thus they will produce perfect legs of mutton, succulent and tender, short and thick, with little knuckle to dry up in cooking. POTATOES IN SYDNEY •' HIGHEST PRICE SINCE 1929 Prices of potatoes in Sydney are higher than they have been sinco 1929. Last week agents advanced wholesale prices by as much as £5 a ton. Tho well-known Tasmanian Brownell was selling at £lB a ton, while new potatoes from the North Coast were being disposed of at £23 and £24 a ton. These prices wero the highest recorded since 1929, when over £3O was obtained for Tasmanian potatoes. A firm market is usual in Sydney at this time of tho year, when Tasmanian supplies are dwindling. It is not expected that the shortage will bo acute. BRITAIN'S EXPORTS (Received October 15, 0.25 p.m.) LONDON, Oct. 14 The Daily Telegraph, in reviewing the Board of Trade returns'for September, expresses the opinion that it will not be long before half Britain's .exports will be destined for countries under the British flag.