SYDNEY EXCHANGE

New Zealand Herald, Volume LXXII, Issue 22241, 16 October 1935, Page 9

SYDNEY EXCHANGE

YESTERDAY'S BUSINESS TIN CONCERNS FIRMER (Received October 15, 8.5 p.m.) SYDNEY, Oct. 15 On tlio Sydney Stock Exchange today thoro ■ was good demand for brewery shares. Tin dredging shares retained most of their recent improvement. The market otherwise was unchanged. This morning's sales included: —Commonwealth 4 per cent bonds, 1938, £lO2 ss. Commercial Bank of Sydney, £l7 19s; Bank of New South Wales, £3l 15s; Australian Gas, A shares, £7 15s; Associated News, preference, 23s Cd; British Tobacco, 39s 6d; Broken Hill Proprietary, rights, 19s; Dunlop-Per-drinu, 15s 4Jd; Morris Hedstrom, 23s 9d. Later sales included:—National Bank (£5 paid), £6 16s; Colonial Sugar, £43 ss; Howard Smith, 17s Gd; Australian Gas, A shares, £7 15s 6d; British Tobacco, 3 l Js 6d; Tooth's Brewery, 56s 6d; Winchcombo Carson, 29s Gd; Morris Hedstrom, 245; Millaquin Sugar, 31s 4Jd; Electrolytic Zinc, preference, 365; David Jones, 425; Anthony Hordern, 19s 3d; Lustre Hosiery, 29s 6d; Now South Wales Bluo Metal, 16s 4Jd; Meggitts, 22s 6d; 11. Fowler, 12s 6d, William Adamas. 7s; Mount Morgan, 365; Broken Hill Proprietary (cum rights), 645; ditto (ex rights), 54s 3d; South Broken Hill, 99s 6d; Zinc Corporation, 63s 9d; Eawang, 8s Sd; Larut, 12s 4d; Tonkah Harbour, 23s 7}d; Kampong Lanjat, 235; Peninsular Tin, 24s 6d; Puchong Tin, 15s 3d; Tavua, 5s lOd. Commonwealth 4 per cent bonds, 1938, £lO2 6s 3d; 1941, £lO3 10s; 1944, £lO2 (cx interest); 1947, £lO2 15s; 1950, £lO3 12s 6d; 1957, £lO5 2s Gd; 1961, £lO3 15s. Melbourne sales included:—Commercial Bank of Australia, 16s lid; Union Bank, £9 2s; Goldsbrough-Mort, 30s 7.} d; G. J. Coles, C6s 6d; Herald and Weekly Times, 61s; Dunlop-Perdriau, 15s sd; Electrolytic Zinc, 32s 3d; Enterprise, 80s; Emperor, 235.

FOREIGN EXCHANGES MINOR FLUCTUATIONS British Wireless RUGBY, Oct. 14 The following rates on foreign exchanges are current, compared with the cabled quotations on October 12 and par:— Oct. 14 Oct. 12 Par Montreal, dol. .. 4.97 4.97% 4.866 New York, dol. . 4.90%„ 4.90%, 4.866 Paris, fr. .. 74 7 /„ 74%, 1-24.21 Brussels, belga . 29.14 29.13 35.00 Geneva, fr. .. 15.05 15.05 25.22 Amsterdam, fl. . 7.23% 7.23% 12.10 Milan, lire ~ 60% 60% 92.46 Berlin, r.m. .. 12.18 12.18 20.43 Stockholm, kr. . 19.39 l /a 19.39% 18.159 Copenhagen, kr. . 23.39% 23.39% 18.159 Oslo, kr. .. 19.90% 19.90% 18.159 Vienna, sch. .. 2fi 26 84.585 Prague, kr. . . 118% 118% a 164.25 Helsingfors. mark 226% 226% 129.23 Madrid, pes. .. 25% 25 3 % a 25.221 Lisbon, escu. . . 110% • 110% 110 Athens, dr. .. 514* 61-4* 375.00 Bucharest, lei. . 623 * 623* 813.6 KiodeJaneiro.mil. 4Y,d* 4%d* 6.899 d Buenos Aires, dol. 35d* 35d* 47.619 d Montevideo, dol. 39% d* 39% d* 51d Bombay, rupee . 18V<d 18Vid 18d Shanghai, dol. . 18% d 18%, d Hongkong, dol. . 24% d 24% d Yokohama, yen . 14% ad 14% ad 24.58 d Batavia, fl. .. 7.21% 7.23% 12.10 Belgrade,* din. .. 215 215 276.31 *Seller«. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a Now Zealand currency basis, subject to alteration without notice:— Selling: " United State» Canada T.T 3.93 3,99% On demand .. 3.93% 8.99% Buying: On demand .. 3.97% 4.04 Following are the latest rates for purchases and sales of foreign exchange quoted by tho Bank of New South Wales, Auckland. They arc subject to alteration without notice: — T.T. On Demand To fl N.Z. Currency Selling Buying Selling U.S.A., dol. .. 3.92% 3.98% 8.93% Canada, dol. .. 3.99% 4.04% 3.99% Franco, fr. .. 59.13 60.73 59.18 Noumea, fr. .. 58.38 61.78 58,43 Papeete, fr. .. 58.38 61.78 58.43 Belgium,' belga .. 23.106 Germany, r.m. .. 9.582 Italy, lire .. .. 47.83 Switzerland, fr. .. 11.910 12.305 11.920 Holland, fl. ' .. 5.695 5.995 5.699 Java, fl 5.682 5.957 6.686 Sweden, kr, •. 15.458 15.828 15.468 Norway, kr. .. 15.868 16.238 15.878 Denmark, kr. .. 17.878 18.248 17.888 Austria, sch. .. 20.37 Caecho-Slovakia, cr. 91.69 N.Z. pence to Japan, yen .. 17"/ 1# Shanghai, dol. .. 23%,222% a1 2 % a 23%, India, rupee .. 22 23 / 3J 22% a 22 a %a Ceylon, rupee .. 22"/ 33 22%, 22"% a Hongkong, dol. .. 31 29'%# 30"/, 8 Singapore, dol. .. 85 l 5 84% 85% a . The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows:—■ Present Price Par Sd S d Australia, pound .. 19 10.81 20 0.00 London, pound .. 24 10.65 20 0.00 Fui, pound .. .. 22 5.66 20 0.00 New York, dollar .. 5 0.89 4 1.31 Montreal, dollar >. 5 0.06 4 1.31 Paris, franc . . . • 0 4.01 0 1.98 Berlin, reichmark .. 2 0.50 0 11.74 Copenhagen, krone .. 1 1.33 1 1.22 Yokohama, yen . . .. 1 6.45 2 0.58 CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of vessels named are shown in tho following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessel in Now Zealand. Finally declared rates are marked*: — Canadian Conqueror, Canada, dol. 4.96% City of Tokio. America, dollars .. 4.93 11 /,, Brisbane Maru, Japan, yen .. 14%«fl Innaren, Canada, dollars .. .. 4,97% Monowai. Canada, dollars .. 4.97 Canadian Victor, Canada, dollars 4.97% SHIPPING SHARES ADVANCES IN LONDON LONDON, Oct. 14 There is considerable activity in shipping shares on the London Stock Exchange following the improvement in freight rates. Peninsulars are quoted at 19s. THRIFT PROPAGANDA VALUE OF NEWSPAPERS The press was still tho chief publicity medium for building societies, although their advertising covered almost every type of media, said Sir Enoch Hill at tho International Congress of Building Societies held in Austria. In recent building society propaganda in Great Britain the policy of building societies had been to maintain a dignified, though direct, form of appeal to the public, ho said. Experience had taught that the advertiser got back from the public what he put into his advertisements in the way of unselfishness, friendliness and sincerity. "Home" appeal was now the predominant factor, and stress was placed on the future independence which young people might secure by acquiring a homo of their own through building society finance. Sir Enoch paid tribute to tho onorgy with which the Central European societies had carried, out their propaganda, one result of which was that people had been educated to regard a mortgage which enabled them to acquire a house as an inestimable boon.;