SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22346, 18 February 1936, Page 7

SYDNEY EXCHANGE

NO DEFINITE TREND

PROFIT-TAKING IN BREWERIES (Received February 17, 7.45 p.m.) SYDNEY, Feb. 17 On the Sydney Stock Exchange today the market lacked a defined trend. Brewery shares were subject to profittaking. This morning's business included: — Commonwealth bonds, 4 per cent, 1941, £lO2 16s 3d; 1944, £lO3 12s 6d; 1950, £lO2 17s 6d. Union Bank, £lO ss; Tooths, 55s 3d; Anthony Hordern, 21s lsd; British Tobacco, 42s 6d; Broken Hill Proprietary, 00s 9d; ditto (5s paid), 30s 3d; Goldsbrough-Mort, 33s 3d; Henry Jones, 41s; Howard Smith, 18s 7Jd.

Later sales included:—Colonial Sugar, £43 7s 6d; Bank of New South Wales, £35; Commercial Bank of Sydney, £2O 16s; Commercial Bank of Australia, 20s 3d; Associated News, 23s 3d; ditto (preference), 24s 4Jd; Howard Smith, 18s 9d; Australian Gas, "A," £8 0s 6d; British Tobacco, 42s Gd; Tooths, 555; Tooheys, 33s 4id; Carlton, 565; Goldsbrough-Mort, 33s 3d; Winch-combe-Carson, 32s 6d; Greater J.D. Williams, 8s (3d; Henry Jones, 41s; Electrolytic Zinc, 375: Farmers, 295; David Jones, 44s 6d; Anthony Hordern, 21s 3d; Standard Cement, 24s 3d; General Industries, 21s 3d; Broken Hill Proprietary, 61s; ditto (5s paid), 30s 6d; Broken Hill South, £5 17s; Rawang, 9s 3d; Emperor, 13s lOd; Tavua Development, 3s. Melbourne sales included:—Commercial Bank of Australia, 20s; Golds-brough-Mort, 33s 3d; Australian Glass, 88s; Broken Hill Proprietary, 60s 6d; Dijnlop-Perdriau, 15s lid; Electrolytic Zinc. 36s 74d; Q- J- Coles, 74s 6d; Herald and Weekly Times, 66s 6d; Broken Hill South, £5 18s;* North Broken Hill, £7 18s; Zinc Corporation, 745; Mount Lyell, 24s 4£d. FOREIGN EXCHANGES STERLING RATHER WEAKER British "Wireless RUGBY, Feb. 15 The following rates on foreign exchanges are current, compared with the cabled quotations on February 14 and par: Feb. 15 Feb. 14 Par Montreal, dol. .. 4.98'/ a 4.98*. i 4.866 New York, dol . . 4.99% 4.98% # 4.81)15 Paris, fr 74 3 /i 74>s 124.'21 Brussels, belga .. 29.33Va 29.34% 35.00 Geneva, fr. • . . 15.12 15.12y a 25.22 Amsterdam, fl. . . 7.27V a 7.27?-i 12.10 Milan, lire . . 62 3 / l8 C2 3 / ln 92.46 Berlin, r.m. . . 12.29 12.29 20.13 Stockholm, kr. . . 19.39 1 /, 19.39 l / a 18.159 Copenhagen, kr. . 23.39% 23.39 V, 18.159 Oslo, kr 19.90 l / a 19.90'/i 18.159 Vienna, sch. . . 26% 26% 34.585 Prague, kr. .. 1197'ia 119 V,, 164.25 Helsingfois, mark 227 227 193.23 Madrid, pes. . . 36% a 325.221 Lisbon, escu." .. 110% 110% 110 Athens, dr. .. 518* 517* 375.00 Bucharest, lei. . . 668* 668* 813.6 KiodoJaneiro.mil. 4%d 4',4d 5.899 d Buenos Aires, dol. 35d 35d 47.619 d Montevideo, dol. 39% d* 39% d* 61d Bombay, rupee .. 18% d 18% d 18d Shanghai, dol. . . 14% d 14% d Hongkong, dol. . . 15% d 15? id Yokohama, yen. . 14%? d 11% 2 d 24.58 d Batavia, fl. . . 7.24% 7.24% 12,10 Belgrade, din. .. 217 217 276.31 'Sellers. NEW ZEALAND, QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis, subject to alteration without notice:— Selling: United States Canada T.T 4.00% 4.00% On demand .. 4.01% 4.00% Buying: On demand .. 4.05% 4.05% 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 U.S.A., dol. .. 4.00% 4.05% 4.01% Canada, dol. . . 4.00% 4.05% 4.01 Austria, sch. . . 20.72 Belgium, belga . . 2;).429 Czechoslovakia, cr. 94.81 Denmark, kr. .. 17.893 18.063 17.903 France, fr. .. 59.79 . 61.07 59.83 Germany, r.m. .. 9.789 —. 9.794 Holland, fl. .. 5.801 6.014 5.808 Java, fl 5.761 5.981 5.765 Norway, kr. . .. 15.895 16.245 15.905 Sweden, kr, .. 15.489 15.841 15.499 Switzerland, fr. .. 12.045 12.420 12.050 Noumea, fr. .. 68.42 62.87 58.48 Papeete, fr. .. 53.57 62.87 53.63 N.Z. pence to— Hongkong, dol. .. SO'VU 18*% a 20 a % 3 India, rupee .. 22"/ 3 , 22%, 22 57-64 Ceylon, rupee .. 22"/„ 22%, 2-2 57-G4 Japan, yen .. 17% Shanghai, dol. .. 18"/,« 17% 18 43-64 Singapore, dol. .. 35 18 / 3 , 84%* 85 29-64

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 8d s d Australia, pound .. 19 10.81 20 0.00 London, pound • • 24 10.65 20 0.00 Fiji, pound .. .. 22 5.66 20 0.00 New York, dollar .. 4 11.74 4 1.81 Montreal, dollar •• 4 11.90 4 1.31 Paris, franc .. • • 0 3.99 0 1.98 Berlin, reichmark .. 2 0.28 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 the following table. Thoy are subject to-confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessel in New Zealand. Finally declared rates are marked*: — Aorangi, America, dollnrs .. *4.95 Aorangi, Canada, _ dollars . . . . *4.99 Cape York, America, dollars .. 5.01 Cape lork, Canada, dollars .. 4.96 Port Brisbane, America, dollars .. 4.99% Chifuku Maru, Jnpnn. yen . . .. *l4d Golden State, America, dollars .. 6.01 Mariposa, America, dollars .. 6.01'/, Melbourne Maru, Japan, yen .. 15 3 /d

N.Z. MALAY RUBBER

NEW PREFERENCE SHARES [BY TELEGRAm —OWN CORRESPONDENT] DUNEDIN. Monday At a meeting of directors of the Now Zealand Malay Rubber. Company, Limited, held last week, authority was given to issue 4050 £1 cumulative 8 per cent preference shares in settlement of arrears of dividends on the first issue of 10,125 preference shares, as agreed to by tho shareholders of the company. This ranks with the original issue as to capital and dividend, but is not subject to the statutory reduction of 20 per cent in rospe'et of dividends, as tho first issue is. The scrip bears tho words " New Issue" and the shares will be known on tho market as "new issue." The scrip has been posted to preference shareholders. The company hns been unable to pay dividends on its 8 per cent preference shares since 1927, arrears amounting to £5994. Shareholders have accepted 5 per cent per annum as from July 1, 1927, to June 30, 1935, instead of 8 per cent, subject to a statutory reduction for part of tho period, thus reducing tho liability to £4050. These arrears have now been capitalised, increasing the preference capital from £10,125 to £14,175. Tho ordinary capital amounts to £17,615. WHOLESALE EGG PRICES Wholesale egg prices,are as follows: — Hen, first grade, Is a dozen; B grade, Is 4id; C grade, Hid; duck, Is 6id, Is s}d and Is lid.