SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22352, 25 February 1936, Page 5

SYDNEY EXCHANGE

BANK ISSUES IN DEMAND INDUSTRIAL SHARES QUIET (Received Februnry 24, 8.30 p.m.) SYDNEY, Feb. 24 On the Sydney Stock Exchange today Australian Government securities were freely offered. The general trend of values was downward, although 1938 and 1941 4 per cents were noteworthy exceptions. Bank shares were again strongly supported, industrials being quiet. This morning's business included: — Commonwealth bonds, 4 per cents, 1938, £lOl 17s Cd; 1941,'£102 7s 6d; 1944, £lO3 178,6(1; 1955, £lO3 12s Cd; 1957, £lO3 17s Cd. Commercial Bank of Sydney, £2l 8s; National Bank of Australasia (£5 paid), £7 15s; Bank of New South Wales, £35 12s 6d; Toohoys, 33s 9d; Broken Hill Proprietary (5s paid), 30s 7id; DunlopPerdriau, 15s 9d; Howard Smith, 18s 6d; Moggitts, 21s 7sd. Later sales included: —Commonwealth bonds, 4 per cent, 1938, £lO2 Is 3d; 1941, £lO2 lis 3d; 1944, £lO3 15s; 1947, £lO4 10s; 1950, £103; 1953, £lO2 15s; 1957, £lO3 17s Gd; 1959, £104; 1961, £lO4 12s 6(1. Bank of New South Wales, £35 12k Gd; Commercial Bank of Australia, 20s 3d; Associated News, 235; iditto (preference), 245; Automatic Totes, 21s 6(1; Australian Gas, "A," £7 17s 6d; Tooths (rights), 34s 3d; Tooheys, 33s 9d: Carlton Brewery, 56s 6d; Drug Houses, 30s 9d; Dunlop-Perdriau, 15s 9d; Golds-brough-Mort, 33s 3d; WinchcombeCarson, 335; Wilco"X-Mofflm, 12s; Greater J. D. Williams, 8s sd; Henry Jones, 41s 3d; Woolworths, first preference (ex dividend), 40s; Electrolytic Zinc, 39s 9d; Standard Cement, 23s 3d; General Industries, 21s; ditto (new), 20s; Mount Morgan, 16s 3d: Broken Hill Proprietary, 61s 6d; ditto (5s paid), 4Jd; Kuala Kampar, 14s lOd; Eawang, 9s 2d; Placer Development, £5 4s 6d; Koroore, 5s 3d. Melbourne sales included:—Commercial Bank of Australia, 20s 3d; Australian Glass, 87s 6d; Australian Iron and Steel (preference), 265; British Tobacco. 435; Broken Hill Proprietary, 61s 6d; Howard Smith, 18s 6d; Broken Hill South, £5 17s; North Brokon Hill, £8 2s: Loloma, 23s 3d; Emperor, 12s lOd. RESERVE BANK SHARES RECOVERY IN VALUE LABOUR'S "PURCHASE PRICE" In the past few days there has been a noticeable improvement in market, values for Reserve Bank shares, which dropped sharply last October and again immediately after the general elections. A parcel changed hands on the Auckland Stock Exchange yesterday at £6, compared with £5 15s on February 14. The suggestion that the Labour Government will purchase the issue has been reiiponsiblo for the continued weakness in the shares, which have fallon from a peak of £6 15s in May-Jupe, 1935. According to a statement made by the Prime Minister, Mr. Savage, if the Government buys up tho issue, the purchase price will probably bo that ruling nt the date of the "defeat of the last Government," »which was £6 ss. Whatever, happens, the shares appear to have been under-valued at £5 15s. FOREIGN EXCHANGES I ' QUOTATIONS IN LONDON British Wireless RUGBY, Feb. 22 The following rates on foreign exchanges are current, compared with the cabled quotations on February 21 and

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:— Sellinc: United States Cnnnda T.T 3.09% 8.09% On demand .. 4.00% 4.00% Buying: On demand .. 4.04% 4.04 V'? 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: —

CUSTOMS EXCHANGE RATES Hates of exchange ruling at the announced dates of departure of vessels named are shown in the following table. They are subject to confirmation by the Customs Department when tiio exact time of departure is learned on arrival of the vessel in New Zealand, Finally declared rates are marked*:— Port Brisbane, Canada., dollars ~ • 4.95 Port. Brisbane, America, dollars ~ o.Oi Golden State, America, dollars .. 602 Melbourne Muru, Japan, yen .. Ud Canadian Scottish, Canada, dollarß 4.974 Wairuna, Canada, dollars ~ .. 4.U0/a VICTORIA INSURANCE • » For the six months ended December 31, the Victoria Insurance Company, Limited, of Melbourne, records a profit of £23,530 (23.5 per cent per annum on capital), compared with £25.610 in the corresponding months of 1934. The interim dividend remains at/ 2$ a share, or 10 per cent per annum.

par:— Feb. 22 Feb. 21 Par Montreal, do!. . . 4.08% 4.98% 4.806 New York, dol. . 4.99 4.99-7,8 4.866 Paris. ir. 74?i 74 3 / 124.21 Brussels, belga . 29.29% 29.29% .35.00 Geneva, fr. 15.10% 15.10% 25.22 Amsterdnm, fl. . 7.27 7.27 12.10 Milan, lire 62% 62% 92.46 Berlin, r.m. ,. 12.29 12.28% 20.43 Stockholm, kr. -. 19.39% 19.39% 18.159 Copenhagen, kr. . 23.39'/, 23.39% 18.159 Oslo, kr, 19.90% 19.90% 18.159 Vienna, sch. 26% 26% 34,585 Prague, kr. .. 119 119 164.25 Helsingfors, mark 227 227 193.23 Madrid, pes. 3fi 5-64 36 5-64 25.221 Lisbon, escu. . . 110% 110% 110 Athens, dr. 515* 515* 375.00 Bucharest, lei. . 668* 668* 813.6 Rio de Janeiro, mil. 4%d 4%d 5.899d Buenos Aires, dol. 35d 35d 47.019d Montevideo, dol. 19%d 39%d 51 d Bombay, rupee . is%tf 18%d 18d Shanghai, dol. . 14%d 14%d — Hongkong, dol. . Yokohama, yen . J 5® id 15 3 / 4 d — 14%jd 14% 2 d 24.58d Batavia, fl. 7.2-1% 7.23% 12.10 Belgrade, din. ,. 217 217 27G.31 'Sellers.

T.T. On Demand To £ 1 N.Z. Currency Selling Buying Selling U.S.A., dol. 3.99% 4.047„ 4.00% 4.00% Canada, dol. 3.99% 4.04% Austria, sell.. 20.7-2 — 20.74 Belgium, lielpa .. 23.397 — 23.408 94.70 Czechoslovakia, cr. 04.(55 ■— Denmark, kr. 17.893 18.203 17.903 France, fr. 59.75 61.03 59.79 Germany, r.m, .. 9.707 — 9.802 Holland, fl. 5.788 5.098 5.792 Java, fl. . • • • 5.753 5.973 5.757 Norway, kr. ., 15.895 10,245 15.905 Sweden, kr. 15.489 15.844 15.499 Switzerland, fr. .. 12.038 12.413 12.043 Noumea, fr. 58.38 62.83 62.83 58.44 Papeete, fr.' .. 58.53 58.59 N.Z. pence to— Hongkong, dol, . . WAi 18 »/» 20% India, rupee 22®%a 227 3 a 22 57-04 Ceylon, rupee .. 22% 22%, 22 57-64 17 39-04 18 43-04 85 29-64 Japan, yen Shanghai, dol. .. Singapore,' dol. .. 17% 18"/,, 35'/3a 34^, Tlie cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Price h d Par s d Australia, pound London, pound Fiji, pound .. 19 .. 24 . 22 10.81 10.65 5,66 20 0.00 20 0.00 20 0.00 4 1.31 New York, dollar Montreal, dollar Paris, franc • • Berlin, reichmnrk .. 4,11.82 .. i .. o .. 2 11.80 3.99 0.28 4 1.31 0 1.98 0 11.74 1 1.22 2 0.58 Copenhagen, krone Yokohama, yen .. 1 .. 1 1.38 5.45