SYDNEY STOCK EXCHANGE

New Zealand Herald, Volume LXXI, Issue 21935, 19 October 1934, Page 7

SYDNEY STOCK EXCHANGE

YESTERDAY'S BUSINESS BANKS SHOW IMPROVEMENT (Received October 18, 8.45 p.m.) SYDNEY, Oct. 18 On the Sydney Stock Exchange today demand for shares of retail com- | panics was particularly strong. Banks also were higher and more active, but there was a slight reacton in Commonwealth bonds. This morning's sales included: —Commonwealth 4 per cent bonds: 1938, £lO7 2s 6d; 1944, £lO7 12s 6d; 1957, £ll2 10s. Commercial Bank of Sydney, £18; Bank of New South Wales, £33; Australian Gas, A shares, £8 3s; Toohey's Brewery, 30s 3d; Tooth's Brewery, 50s 9d; Associated News, 25s 7id; preference, 25s l£d; Australian Glass, 525; British Tobacco, 41s Gd; Broken Hill Proprietary, 53s 3d; Colonial Sugar, £75 10s; Dunlop Perdriau, 20s ljd; Goldsbrough-Mort, 31a Gd; Howard Smith, 16s 4Jd; James Stedman, 15s; Meggitts, 21s Gd. Later sales included. —Bank of New South Wales, £33; Commercial Bank of Sydney, £lB 2s; Bank of Australasia, £ll 18s; Bank of Adelaide, £6; Colonial Sugar, £75 10s; Associated News, 25s 4Jd; Howard Smith, 16s 4sd; British Tobacco, 41s Gd; Tooth'o Brewery, 50s 9cl; Goldsbrough-Mort., 31s 7Jd; Farmers, 24s 9d; Anthony Hordern, 16s; Lustre Hosiery (ex dividend), 24s 9cl; General industries, preference, 25s 9d; Electrolytic Zinc, 28a 3d; Mount Morgan, 3Gs; Broken Hill Proprietary, 53s 3d; Bulolo Gold, £9 4s; Placer Development, £25; En rath a Gold, 10s 6d. Commonwealth 4 per cent bonds: 1938, £107; 1941, £108; 1914, £lO7 10s; 1947, £110; 1950. £llO 16s 3d; 1955, £ll2 ss; 1957, £ll2 10s; 1959, £111; 1961, £ll2. The Melbourne Exchange observed a holiday in connection with the arrival of the Duke of Gloucester. ELECTRICITY LOAN NEW LONDON ISSUE (Received October 18, 6.5 p.m.) British Wireless RUGBY, Oct. 17 The underwriting is expected to tako place for the Central Electricity Board's 3£ per cent loan of £6,000,000, which is to be offered at 93 and will bo repayable 1964-94. FOREIGN EXCHANGES STERLING STRONGER AGAIN (Received October 18. 6.6 p.m.) British Wireless RUGBY, Oct. 17 The following rates on foreign exchanges are current, compared with the cabled quotations on October 16 and par:— Oct. 17 Oct. 16 Par. Montreal, dol. 4.83 V* 4.82% 4.866 New York, dol. , 4.94Va 4.91% 4.BGG Paris, fr. .. 74% 73% 121.21 Brussels, belga . 20.94 20.93 35.00 Geneva, fr. .. 14.SD 14.98 25.22 Amsterdam, fl. . 7.21% 7.21 12.10 Milan, lire .. 57% 3 57% a 92,<6 Berlin, r.m. 12.13 12.13 20.«3 Stockholm, kr. . 19.39% 19.39% 18.153 Copenhagen, kr. . 22.40 22.39% 18.159 Oslo, kr. .. 19.90% 19.90% 18.159 Vienna, sch. . . 20% 26% 34.555 Prague, kr. .. 116'Vio 116% 164.25 Helsingfors, mark 22G% 226% 129.23 Madrid, pes. .. 35"/,, 35*4 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. .. 510* 510* 375.00 Bucharest, lei. ... 490 -188 813.G RiodeJaneiro.mil. 4%d* 4%d* 5.899 d Buenos Aires, dol. 36% d* 36% d* 47.619 d Montevideo, dol. 39 I 5 40d* 51 d Bombay, rupee . 18%,, d 18% B d 18d Shanchai, dol. . IG'/d 17 r /, 0 d ' Hongkong, dol. . 20% s d 20%« d Yokohama, yen . 14d 14% ad 24.5f1d Batavin, fl. .. 7.19 7.16 12.10 Belgrade, din. .. 213 215 276.31 'Sellers. NEW ZEALAND MONEY ABROAD Current dollar exchanges as quoted by the New Zealand banks, are as under:— Dollars to £1 Sterling Buying Selling United States .. 6.03 4.83 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 alteratipn without notice: — T.T. On Demand To £1 N.Z. Currency Selling Buying Selling Fiance, fr. .. 68.93 60.53 58.98 Noumea, fr. .. 58.18 61.58 58.23 Papeete, fr. .. 58.18 61.58 58.23 Belgium, belga . 16,499 17.299 36.514 Gefmany, r.m. .. 9.553 Italy, lire .. .. 45.17 Switzerland, fr. .. 11.866 12.341 11.876 Holland, fl. .. 5.679 5.979 5.683 Java, fl. ~ .. 6.661 6.936 6.GC5 N.Z. pence to Japan, yen «. 17% Shanghai, dol. .. 21% a ' 19 u /,»2234 a1 3 4 a India, rupee .. 22% 22% a 22%, Ceylon, rupee .. 22% 22% q 22% 0 Hongkong, dol, .. 25% 2iy,« 25% 8 Singapore, dol. ~ 35% 34%„ 35%« 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 ad. sd Australia, pound .. 19 10.81 20 0,00 London, pound . . .. 24 10.50 20 0.00 i New York, dollar .. 6 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 5.41 2 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 .. .. 4.891 Armadale, America, dollars .. .. 4.0i1s Golden Bear, America, dollars ~ 4.95S Brisbane Maru, Japan, yen . .. 14 l-16d Niagara, Canada, dollars . . .. 4.80J Canadian Challenger. Canada, dollars 4.81 City of Delhi, America, dollars . . 4.92J PRICES OF METALS COPPER SLIGHTLY FIRMER (Received October 18, 7.35 p.m.) LONDON. Oct. 17 Following are to-day's quotations on the London metal market, compared with those of October 16: — Oct. 17 Oct. 16 Per ton Per ton £bd £ s d Copper, stan., spot . . 26 0 7} 25 10 10$ Copper, stan., 3 mos. . 26 6 10J 26 3 1} •Copper, electrolytic . . 28 10 0 28 10 0 to to 29 10 0 29 5 0 Copper., elect., wire bara 2!) 10 0 29 5 0 Lead, soft, spot 10 3 9 10 0 0 Lead, soft, forward . . JO 8 9 10 5 0 Spelter, spot . . .. 12 0 0 11 16 3 Shelter, forward .. 12 3 9 12 0 0 Tin, stan., spot .. 231 2 6 231 2 6 Tin, stnn., 3 mos. . . 229 6 3 229 7 C •American, 9 cents a lb. NEW PRIVATE COMPANY The following private company has bcc.ii registered in Auckland:— Auckland-Dargaville Motor Services, Limited, to carry on the business of passenger and general carriers. Capital, £750, in shares of £1 each. Subscribers: T. Knccbonc and R. R. Little, 375 shares each. CALL AND DIVIDEND LIST Dividends— _ Due South British—final. Is 4d ft share Oct. 25 Amalgamated Wireless final, 6 p.o Oct. 29 Bank Adelaide—int.. 2 p.o. .. Oct. 31 Wailii—int.. Is a share . . .. Nov. 1 Tattersfield—6 p.c. . . . . Nov. 15 Bruce Woollen ord., 3 p.c.: prof.. 5 3-5 n.c. Nov. Nat. Bank A'asia.—int., £5 and £lO paid, 2J p.c. . . . . Nov. 28 Aust. Glass—int. pref., 4} p.c.; ord., 5 p.c Deo. 1