AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXII, Issue 22099, 3 May 1935, Page 7

AUSTRALIAN EXCHANGES

YESTERDAY'S BUSINESS ADVANCE IN SYDNEY (Received May 2, 7.45 p.m.) SYDNEY. May 2 On the Sydney Stock Exchange today buyers operated confidently, with the result that nearly every transaction recorded at an advanced figure. However, gold shares lacked a definite trend. This morning's sales included: — Commonwealth 4 per cent bonds —19-18. £lO3 18s 9d; 1941, £105; 1944, £lOl ' 17s 6(1; 1947, £lO3 7s 0d; 195.'?, £10(3 17s tJcl; 1905, £lO7 ss; 1959, £lO5 18s 9d. Commercial Bank of Sydney, £l7 ss; Tooth's Brewery, 52s 9d; Anthony ITordern, 18s; Associated News, preference, 21s lid; Broken Hill Proprietary, 53s Del; Colonial Sugar, £42 10s; Dunlop Perdrinu, 17s 4Jd; Lustre Hosiery (preference), 27s 6dMillaquin Sugar,* 35s 9d; Wilcox Mofflin, 10s 3d. Later sales included: —Commercial Bank of Sydney, £l7 ss; Bank of New South Wales, £3l; Australian Provincial Assurance, 225; United Insurance, £ll ss; Adelaide Steam. 30s; Australian Gas, A shares, £8 2s 6d; Tooth's Brewery, 535; Tool ley's Brewery, 29s 4id; Carlton Brewery, 49s 6d; Dunlop Perdriau (preference), 36s 3d; Winch-combe-Carson, 28s; Wilcox Mofflin, 10s 4d; Morris Hedstrom (New Zealand delivery), 19s; ditto (preference), 245; Greater J. J). Williams, Gs 9d; Henry Jones, 365; Electrolytic Zinc, 25s 4id; Farmers, 26s 9d: David Jones, 41s 3d; Anthony Hordern, 18s; General Industries, 16s 4Jd; -Mount Morgan, 37s 7id; Broken Hill Proprietary, 53s 3d; South Broken Hill, 85s 6d; Norths, £6 0s 6d; Larut Tin, 10s lOd. Melbourne sales included: —National Bank (£lO paid), £l2 15s; Australian Iron and Steol (preference), 22s lOd; Gordon and Gotch, 465; Herald and Weekly Times, 5Ss 3d; Mount Lyell, 20s 9d. FOREIGN EXCHANGES DOLLAR AND THE FRANC • (Received Mas' 2, .-,7.5 p.m.) British "Wireless RUGBY, May 1 The following rates on foreign exchanges are current,, compared with the cabled quotations on April 30 and par:— May 1 Apl. 30 Par Montreal, dol. .. 4.8! l 4.85VJ 4.866 New York, dol. . 4.85% 4.83 Vi 4.806 Paris, fr. . . 72% 73 124.21 Brussels, belga . 28.4;9 28.40% 35.00 Geneva, fr. .. 14.!)1Va 14.86 25.22 Amsterdam, fl. . 7.13!% 7.11 V:. 12.10 Milan, lire .. 58'/. 58% 92.46 Berlin, r.m. .. 11.98 . 11.91 20.43 Stockholm, kr. . 19.:«'/ 3 19.39% 18.159 Copenhagen, kr. . 22.E!9Va 22.39% 18.159 Oslo. kr. .. 19.90% 19.90% 18.159 Vienna, sch. . . 25% 25% 34.585 Prague, kr. .. 115'!4 9 115% 164.25 Helsingfors, mark 226% 226% 129.23 Madrid, pes. . . 35%„ 35% 0 , 25.221 Lisbon, escu. .. 110 110 • 110 Athens, dr. .. 507* 507* 375.00 Bucharest, lei. . 475 ; 477 813.6 KiodeJaneiro.mil. 4%d* 4%d* 5.8i)9d Buenos Aires, dol. 35% d* 35% d* 47,619 d Montevideo, dol. 40'(, d* 40% d* 51 d Bombay, rupee . ISl'sd 18',id 18d Shanghai, dol. .. 20% d 20V a d Hongkong, dol. . 29 l V )6 d 29y 16 d Yokohama, yen . 14% 2 d 14V, 2 d 24.58 d Batavia, fi. .. 7.10% 7.11% 12.10 Belgrade, din. .. 213 213 276.31 •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 sale dollar drafts and telegraphic transfers . . . . 4.81 4.84 Purchase dollar bills . . 4.54 4.87 On a New Zealand currency basis these rates are equivalent to: — Selling: United States Canada T.T 3.86% 3.88% On demand .. 3.80% 3.89% Buying: On demand .. 3.92% 3.94/8 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 US.A.. dol. .. 3.8G% 3.92% 3.87% Canada, dol. .. 3.88% 3.93% 3.89% France, fr. .. 58.12 59.72 58.17 Noumea, fr. .. 67.37 60.77 57.42 Papeete, fr. .. 57.37 60.77 57.42 Belgium, belga .. 22.595 J 2 :*?! 0 Germany, r.m. .. 9.409 Italy, lire . »• 4(1.38 Switzerland, fr. .. 11.808 12.283 11.818 Holland, fl. .. 5.619 5.919 5.623 Java fl. .. .. 5.589 5.864 5.593 ' Sweden, kr. ~ 15.459 15.829 15.469 Norway, kr. .. 1it.807 16.237 '5.877 Denmark, kr. .. 17.878 18.248 17.888 Austria, sell. .. 20.27 Czecho-Slovakia, cr. 02.11 N.Z. pence to f Japan, yen .. ~ Shanghai, dol. .. 20/« 24 / 3i -6 India, rupee . . 2.1 Aa 22/, nn2w* Cevlon, rupe* . • 22 Hongkong, dol. . . 37 a % a q-iY 3 * Singapore, dol. .. 35/ i , 34/ia So/ B The cost in New Zealand currency of tho pound sterling, :nnd of the principal overseas units, on the latest quotations, is as follows: Present Australia, pound .. 19 London, pound .. 24 10.50 20 0.00 New York. dol. .. 5 2.00 4 1.31 Montreal, dollar .. 5 1.67 4 1.31 Paris, franc . . .• 0 4.10 0 1.98 Berlin, reichmark .. 2 0.9j- 0 11-74 Copenhagen, krone .. 1 1.33 1 Yokohama, yen . . . • I 5.61 2 0.58 CUSTOMS EXCHANGE RATES Bates of exchange ruling at tho announced dates of departure of vessels named are shown in the following table. They are subject to confirmation, by tho Customs Department when the exact time of departure is. learned on arrival of the vessels in Now Zealand, lunally declared rates arc marked*: Brisbane Maru, Japan, yen .. H'/.«d Canadian Britisher, Canada, dol. 4.84 * Australind, America, dollars .. 4.8.i/„ Cornwallis, Canada dollars .. Aorangi, Canada, dollars . . •• Cape York, America, dollars . . 4.81[ /. Canadian Scottish, Canada, dollars 4.84/, GOLD AND SILVER QUOTATIONS IN LONDON (Received May 2, 7.35 p.m.) LONDON. May 1 Fine gold is quoted to-dav at £7 5s an 07.., compared with £7 4s 8d yestc relay. Silver is quoted at 34£ d an oz. spot, and 34 11-16<1 forward, compared with 34 1 l-16d and 345 d yesterday. Tho quotation for silver at pcr_ fine oz. is compared with 37 7-lGd yesterday. AUSTRALIAN PRODUCE (Received May 2, 7.55 p.m.) SYDNEY. May 2 Following are to-day's quotations on tho Sydney produce market: —Wheat: Market-very quiet. Quotations, at country sidings, 2s BJd, equal co 3s 3}d for bagged, and 3s 4Jd for bulk, ex trucks Sydney. Flour, £ll 10s. Bran and pollard, £4 15s. Potatoes, Tasmanian, £8 to £9; others, £6. On'ons, Victorian brown Spanish, £10; white, £l4. Maize, yellow and white, 3s Bd. Adelaide prices are: —Wheat: growers' lots, new crop, 3s 2d. Flour, bakers' lots, £l2. Bran, £5. Tollard. £5 2s 6d. Oats, Algerian, Is lOd. Barley, 2s 7d to 2s Bd. WHEAT IN AMERICA CHICAGO, May 1 Wheat. —May, 972 cents a bushel; July, 9S 1-8 cents; September, 982 cents. The New York price for cash is 1 dollar 1G 5-8 cents.