SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22353, 26 February 1936, Page 9

SYDNEY EXCHANGE

AUSTRALIAN BONDS WEAK BROKEN HILL RECORD (Received February 25, 8.10 p.m.) SYDNEY. Feb. 25 On the Sydney Stock Exchange today Australian consolidated loans developed increased weakness, while banking shares tended to steady at the recently elevated levels. A further rise in Broken Hill Proprietarys lifted the price to a new record level. This morning's sales included: —Commonwealth bonds, 3 per cent, 1948, £94; 3$ per cent, 1912, £IOO 15s; 1949, £101; 4 per cent, 1938, £lO2 Is 3d; 1941, £lO2 lis 3d; 1947, £lO4 ss; 1955, £103; 1957, £lO3 17s 6d; Commercial Bank of Australia, 20s 3d; ditto , (preference), £9 15s; National Bank of Australasia (£5 paid), £7 15s; Australian Gas, A shares, £7 17s; Toohey's Breweries, 33s 9d; Tooths Breweries, 565; Associated Newspapers, 235; Broken Hill Proprietary (5s paid), 31s 7id; Meggitts, 24s 6d; WilcoxMofflin, 12s. Later sales included: —Commonwealth bonds, 4 per cent —1938, £lO2 Is 3d; 1941, £lO2 lis 3d; 1947, £lO4 ss; 1950, £lO2 7s Gd; 1953, £lO2 los; 1955, £lO2 17s 6(1; 1959, £lO3 17s 6d; 1961, £lO4 7s 6d. Colonial Sugar, £43 15s; Bank of New South Wales, £35 12s 6d; Commercial Bank of Sydney, £2l 9s; Commercial Bank of Australia, 20s lid; National Bank of Australasia (£lO paid), £ls lis; Adelaide Steamship, 325; Australian Gas (A shares), £7 17s; British Tobacco, 42s 9d; Tooth's Breweries, 565; Carlton Brewery, 56s 3d; Australian Glass, 87s 6d; DunlopPerdriau, 15s 7id; Wilcox-Mofflin, lis lid; Henry Jones, 41s 3d; Anthony Hordevn, 21s lid; ditto (preference), 265; Standard Cement, 23s Gd; Woolworths (Sydney,- second preference), 25s 9d; W. It. Carpenter, 455; ditto (contributing), 395; Mount Lyell, 265; Broken Hill Proprietary, 62s 3d, Gls 9d; ditto (5s paid), 32s 3d; North Broken Hill, £8 3s 6d; Bulolo Deposits, Is; Kuala Kampar, 15s; ltawang Tin, 9s 4d; Larut Tin, lis 3d; Emperor, 13s 3d; Tavua Development, 2s Bel; Koroere, 5s Gd. Melbourne sales included:—Commercial Bank of Australia (preference), £9 13s; English, Scottish and Australian Bank, £6 7s; National Bank of Australasia (£5 paid), £7 14s Gd; Goldsbrough-Mort, 33s 4Jd; Howard Smith, 18s 7d; Electrolytic Zinc, 39s 9d; G. J. Coles, 745; Herald and Weekly Times, 65s 6d; Broken Hill South, £5 17s 6d; North Broken Hill, £8 3s; Zinc Corporation, 765. FOREIGN EXCHANGES DOLLAR A SHADE WEAKER British Wireless RUGBY, Feb. 24 The following rates on foreign exchanges are current, compared with the cabled quotations on February 22 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: — Selling: United States Canada T.T 4.00% 3.99% On demand .. 4.01% 4.00% Buying: On demand .. 4.05% 4.04/£ 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 Kates of exchange ruling at the announced dates of departure of vessels named are shown in the following table. They are subject to confirmation bv the Customs Department when the 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 .. 5.^ Golden State, America, dollars .. 6oMelbourne Maru, Jnpnn, yen .. ■J 4 " Canadian Scottish, Canada, dollars 4.07/1 Wairuna, Canada, dollars .... «•"»/» PRICES OF METALS COPPER SLIGHTLY FIRMER LONDON. Feb. 2-1 Following are to-day's quotations on the London metal market, compared with those of February 21: —

DOMINION BREWERIES The issue by Dominion Breweries, Limited, of 40,000 preference shares or £1 cacli lias been fully subscribed by ordinary shareholders. The paid capital of the company is now £120,000, in 80,000 ordinary and 40,000 preference shares.

par: — Par Feb. 24 Feb. 22 Montreal, dol. .. 4.99 4.98 Va 4.866 New York, dol. . 4.99'/ 18 4.99 4.866 Paris, fr. li 3 /. 74/4 124.21 Brussels, belga . 29.34 29.297, 35.00 Geneva, fr. 15.13 15.107a 25.22 Amsterdam, fl. . 7.28 7.27 12.10 Milan, lire 62/a 627s 92.46 Berlin, r.m. 12.30 12.29 20.43 Stockholm, kr. . 19.397 a 19.397a 18.159 Copenhagen, kr. . 23.37/a 23.377a 18.159 Oslo, kr. 19.907a 19.907a 18.159 Vienna, sch. 2G7a 267a 34.585 Prague, kr. 119Vi 119 164.25 Helsingfors, mark 227 227 193.23 Madrid, pes. 36 9-64 36 5-64 25.221 Lisbon, escu. .. 1107. 1107. . 110 Athens, dr. 515* 515* 375.00 Bucharest, lei. . 668* 668* 813.6 RiodeJaneiro.mil. 4V»d 47«d 5.899d Buenos Aires, dol. 35d 35d 47.619d Montevideo, dol. 19V»d 19%d 51 d Bombay, rupee . 18Vad 18/gd 18d Shanghai, dol. . 14/jd 147ad — Hongkong, dol. . 15 3 ,id 15 3 / 4 d — Yokohama, yen . UV 32 d 147 3J d 24.58d Batavia, fl. 7.237a 7.237a 12.10 Belgrade, din. . . 216 217 276.31 •Sellers.

T.T On Demand To £1 N.Z. Currency Selling Buying Selling U.S.A., dol. 4.00% 4.05% 4.047a 4.00% Canada, dol. 4. Of Vb 4.00% Austria, sch. 20.' 2 — 20.74 Belgium, brlga . . 23.'129 — 23.410 Czechoslovakia, cr. 94.1)5 — 91.70 Denmark, kr. . . 17.893 18.263 17.903 France, fr. .., 59.88 01.16 59.92 Germany, r.ra. .. 9.805 — 9.810 Holland, fl. 5.800 G.010 5.804 Java, fl. . . • • 5.757 5.977 5.701 Norway, kr. .. 15.895 10.245 15.905 Sweden, kr. . . 15. 189 15.8-14 15.499 Switzerland, fr. .. Noumea, fr. . • 12.001 58.51 12.436 62.90 12.000 58.57 Papeete, fr. 58.06 62.96 58.72 N.Z. pence to— Hongkong, dol. .. India, rupee Ceylon, rupee Japan, yen Shanghai, dol. . . 20 22"/„ mi 1 ' /8 38% 18 u / 10 22/33 22 Via 17»/» 20% 22 57-64 22 57-64 17 39-64 18 45-64 85 29-04 Singapore, dol. 35 ia / 33 34 3 X„ The cost in New Zealand currency of the nouncl sterling, and of the principal overseas units, on the latest quotations, is as follows: — Par Price s d s d Australia, pound London, pound Fiji, pound .. New lork, dollar Montreal, dollar Paris, franc Berlin, reichmark Copenhagen, krone 19 24 22 4 4 0 2 1 10.81 10.05 5.06 11.80 11.82 3.99 0.29 1.33 5.45 20 0.00 20 0.00 20 0.00 4 1.31 4 1.31 0 1.98 0 11.74 1 1.22 2 0.58 Yokohama, yen .. X

Feb. 24 Feb. 21 Per ton Per ton £ s d £ 8 d Copper, slan., spot . 35 19 41 35 16 101 Copper, at an., 3 mos. 36 6 104 36 1 10 i Copper, electrolytic.. 40 0 40 0 0 to to 40 10 0 40 10 0 Cop., dec., wire bars 40 10 0 40 10 0 Lead, soft, spot 1€ 8 9 1G 10 0 Lead, soft, forward . . 16 12 6 1G 12 6 Spelter, spot Spelter, forward 15 18 9 15 15 0 16 5 0 16 1 3 Tin., stan., spot 20(5 17 6 207 15 0 Tin., stan., 3 mos . . 200 17 6 201 15 0