AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXII, Issue 22045, 27 February 1935, Page 7

AUSTRALIAN EXCHANGES

FIRMING OF BONDS TENDENCY IN SYDNEY (Received February 2G, 8.45 p.m.) SYDNEY, Feb. 26 On the Sydney Stock Exchange today, bonds tended to be somewhat firmer, but miscellaneous investments were irregular. Several prominent industrials hardened. This morning's sales included:—Commonwealth 4 per bonds, 1941, £ 105 7s 6d; 1947, £IOB 7s 6d; 1950, £lO7 12s Gd; 1955, £lO7 12s 6d; 1957, £lO7 16s 3d; 1959, £lO9 2s 6d; 1961, £IOR 10s. Commercial Bank of Sydney, £l6 Is; Bank of New Sovith Wales, £3O; Australian Gas, A shares, £7 16s; Toohey's Brewery, 28s 3d; Tooth's Brewery, 47s 9d; Associated Newspapers, 23s Broken Hill Proprietary, 51s; Colonial Sugar, £lO 12s 6d; Dunlop-Perdriau, 18s 10|d; Goldsbrough Mort., 28s 9d. Later sales included: —Commonwealth 4 per cent bonds, 1938, £lO4 8s 9(1; 1941, £lO5 8s 9d; 1944, £lO6 13s 9d; 1953, £lO7 10s; .1955, £lO7 12s 6(1; 1957, £108; 1959, £IOB 3s 9d; 1961, £IOB 10s: Colonial Sugar, £4OI l/s Od; Bank of New South Wales, £3O; Bank of New Zealand, 495; New Zealand Insurance. 69s 6d; Associated iNevrSpapei's, 22s 7id; ditto (pref.), 23s 3d; Australian Gas, A shares, £7 16s; British Tobacco, 38s; ditto (pref.), 325; Dunlop-Perdriau, 19s; Dalgety s (London Delivery), £8 10s; Goldsbrough Mort., 28s 6d; Winchcombe Carson, 2os 9d; Morris Hedstrom, 18s 9d; Fairymead Sugar, 375; Farmers, 24s 9d; David Jones, 39s 9d; Anthony ITordcrn, 17s 9d; Lustre Hosiery, 28s; Standard Cement (ex div.), 19s lid; Australian Iron and Steel (pref.), 22s 6d; Broken Hill Proprietary, 51s; Rawang Tin, Is 3d; Larut Tin, lis; Placer Development, £2B 2s; Tongkah Harbour, 23s Melbourne sales included: —Australian Glass, 59s 9d; Commercial Bank of Australia, 16s sd; Goldsbrough Mort., 28s 6d; Associated Newspapers, 22s 3d; Broken Hill Proprietary, 50s 6d; Dunlop-Perdriau, 19s id. . FOREIGN EXCHANGES POSITION OF STERLING British "Wireless RUGBY, Feb. 25 The following rates on foreign exchanges are current, compared with the cabled quotations on February 23 and Pat ' Feb. 25 Feb. 23 Par Montreal, del. .. 4.86% 4.86'/, 4.866 New York, dOl. -. Paris, fr. .. 73% 73/ a 12' 1.21 Brussels, belga . 20.74 20.74 / a £;!•„£! Geneva, fr. .. 14.96% 14.95 Amsterdam, fl. . 7.17 7.1G /3 Milan, lire .. 5757 Vi« Berlin, r.m. .. 12.08 12.07 20.43 Stockholm, kr. . 19.39 V» 19.39Va 18.159 Copenhagen, kr. . 22.39% 22.39% 18.159 Oslo. kr. .. 19.90% 19.90% 18.159 Vienna, sch. .. 26 26 34.585 Prague, kr. .. 116 164.20 Helsingfors, mark 226% 226% 129.23 Madrid, pes. .. 35%, 25 27-64 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. .. 512* 512* , 375.00 Bucharest, lei. . 480 480 813.6 RiodeJaneiro.mil. 4%d* 4%d* 5.899 d Buenos Aires, dol. 35d* . 35d* 47.619 d Montevideo, dol. 40% d* 40% d* old Bombay, rupee ~ 38% 3 d 18% 3 'd 18d Shanghai, dol. . 18d 18% d Hongkong, dol. . 22%„d 22% d Yokohama, yen . 14% ad HViad 24.58 d Batavia, fl. .. 7.14Va 7.14% 12.10 Belgrade, din. .. 224 224 276.31 •Sellers. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar-sterling rates yesterday; subject to alteration without notice: — United States Canada Conversion dollar bills received for collection and Bale dollar drafts and telegraphic transfers .. .. 4.84 4.84 Purchase dollar bills .. 4.88 4.88 On a New Zealand currency basis these rates are equivalent to: — Selling: United States Canada T.T 3.88% 3.88% On Demand .. 3.89% • 3.89% y On Demand ... 3.95% 3.95% Following are the latest rates for purchases and sales of foreign exchange quoted*- by the Bank of New South Wales, Auckland. They aire subject to alteration without notice: — T.T. On Demand To £1 N.Z. Currency Selling Buying Selling •U.S.A., dol. .. 3.89% 3.95% 3.89% Canada, dol. .. 3.89% 3.94% 3.90 France, fr. .. 58.33 59,93 58.38 Noumea, fr. .. 57.58 60.98 57.63 Papeete, fr. > • 57.58 60.98 57.63 Belgium, belga .. 16.342 17.142 16.357 Germany, r.m. .. 9.493 Italy, lire .. . • 45.32 Switzerland, fr. .. 11.848 12.323 11;P58 Holland, fl. Java? fl. . . .. 5.625 5.900 5.629 N.Z. pence to Japan, yen . • 1< /i» ~ Shanghai,, dol. .. 24/ i« ooi4/ India, rupee .. 22 4 oo"^" Ceylon, rupee .. 22 /4 %%/g? nois/" 1 Hongkong, dol. .. 29 27 / 3a ?§„/ Singapore, dol. .. 35% 34/ 3a «3o', 1B The cost in New Zealand currency of the pound sterling, and of the principal foreign units,, on the latest quotations, is as follows: — „ . _ Present Prioo Australia, pound .. 19 10.81 20 0.00 London, pound .. '.. 24 10.50 20 0.00 New York, dollar .. 5 1.67 4 1.31 Montreal, dollar . . .. 5 1.67 4 1.31 Paris, franc .. .. 0 4.07 0 1.98 Berlin. Teichmark .. 2 0.71 0 11. *4 Copenhagen, krone .. 1 1.33 1 1-22 Yokohama, yen . . .. 1 5.45 2 0.58

CUSTOMS EXCHANGE RATES l?ates of exchange ruling at the announced dates or 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*: — Tort Auckland. America, dollar!) .. 4.87% Canadian Victor, Canada, dollars .. 4.88% Golden Bear, America, dollars .. 4.87% Melbourne Maru, Japan, yen .. 14d "Wairuna, America, dollars .. .. 4.87Vi0 Fiscus, Canada, dollars .. •• 4.87/■

PUKEKOIIE PRODUCE

POTATOES AND ONIONS [from our own correspondent! PUKEKOHE, Tuesday The market for Pukekohe potatoes and onions is at present quiet, potatoes being worth from 7s to 8s per cwt. f.o.r. Pukekohe, as against 9s per cwt. last week. Onions continue to sell at from 10s to lis per cwt. TALLOW MARKET FIRM QUOTATIONS SLIGHTLY HIGHER The Department of Agriculture has received the following cablegram, dated February 23, from the High Commissioner for New Zealand, London: — Tallow. —The spot market is firm, with quotations slightly higher. Hemp.—The Manila market is quiet, but steady. Value K grade for Febru-ary-April shipment, £l3. Output January 1 to February 11, 154,000 bales, against 141,000 for the same period last year. Stocks in the United Kingdom on February 1, 23,475 bales, against 16,417 last year. Stocks in Manila on February 11, 160,000 bales, against 158,000 last year. The sisal market is steady. February-April shipment is quoted by sellers at £ls ss; JuneAugust shipment sold at £ls 7s fid. The New Zealand market is nominally unchanged. No first-hand sales reported. Stocks in London on February 1, nil, against 39 tons last year.