SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22388, 7 April 1936, Page 7

SYDNEY EXCHANGE

(YESTERDAY'S BUSINESS VALUES GENERALLY EASIER SYDNEY, April 6 The investment section of the Sydney Stock Exchange to-dav was generally easier. A number of industrials also_ recorded market losses. This morning's sales included: —Commonwealth 4 per cent bonds, 1938, £lO2 lis 3d; 1911, £lO3 2s 6d; 1944, £lO2 12s 6d; 1947, £lOl 10s; 1950, £101; 1953, £lOl 7s 6d; 1955, £lOl 15s; 1957, £lOl 17s 6d* 1959, £102; 1961, £IOO 15s. Commercial Bank of Australia, 20s 4Jd; Anthony Hordern, 19s 7id; Broken Hill Proprietary, 60s; new issue, 36s 3d; James {Stedman, 18s; Lustre, 245; Millaquin Sugar, 3Ss 3d; "Wilcox MofTlin, lis 4d. Later business was: —Commonwealth bonds, 4 per cent, 1941, £lO3 7s 6d; 1944, £103; 1947, £lOl 12s 6d; 1950, £lOl 8s 9d; 1953, £lOl 15s; 1955, £lOl 17s 6d; 1957, £102; 1959, £lO2 2s 6d; 1961, £101; Bank of New South Wales, £33 17s 6d; Commercial Bank of Sydney, £2O 3s; Commercial Bank of Australia, 20s 3d; National Bank (£5 paid), £7 ss; Bank of Australasia, £l2; New Zealand Insurance, 595; Associated News, 22s 4Jd; Automatic Totalisators, 20s 6d; Howard Smith, 17s; BurnsPhilp, 69s 9d; Australian Gas, A, £7 12s; British Tobacco, 40s Gd; Tooth's, 525; ditto (5s paid), 365; Toohev's, 31s; G. J. Coles, 71s 6d; ,J. Stedman, 18s; Australian Glass, 83s; Dunlop-Per-driau, preference, 32s 3d; Wilcox-Moff-lin, lis 4d; Henry Jones, 39s 6d; Farmers', 29s 4Jd; Anthony Hordern, 19s ditto, preference, 23s 9d; General Industries, 18s 104 d; Mount Lyell, 24s 6d; Broken Hill Proprietary, 60s 3d; Broken Hill South, £5 14s; Bawang Tin, 9s; Larut, lis 6d; Tavua Development, 3s; Mineral Development, Is Hid. Melbourne sales wore: —Commercial Bank of Australia, preference, £9 6s; Dunlop-Perdriau, preference, 32s 6d; Herald and Weekly Times, 64s 9d; Broken Hill Proprietary, new issue, 36s 3d; Electrolytic Zinc, preference, 40s 9d; Mount Morgan, 16s 9d; Emperor, 12s 3d; Loloma, 21s 6d.

-FOREIGN EXCHANGES DOLLAR AND FRANC STEADY British Wireless RUGBY, April 4 The following rates on foreign exchanges are current, compared with the cabled quotations on April 3 and par:—

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: U.S.A. Canada On demand .. 3.97 Vi 3.99 Vi T.T. ~. .. 3,97. 3.98 Buying: On demand .. 4.01% 4.03% 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:—

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 Fiji, pound .. ~ 22 5.(50 ■ 20 0.00 ■New York, dollar .. 5 0.24 4 1.31 Montreal, dollar .. 5 0.01 4 1.31 Paris, franc .. .. 0 3.97 0 1.08 Berlin, reichmark .. 2 0.30 0 11.74 Copenhagen, krone .. 1 1.33 1 1.22 Yokohama, yen . . .. X 5.52 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. They are subject to confirmation by the Customs Department when the exact time of departure is learned. Finally declared rates are marked*: — Canadian Victor, Canada, dollars *4.99 Canadian Victor, America, dollars *4.99 Sydney Marn, Japan, yen .. .. *l4d City of Canberra, Canada, dollars *4.93 City of Canberra, America, dollars *4.90 Canadian Highlander, Canada, dol. *4.98 Limerick, America, dollars . . 4.95 Aorangl, Canada, dollars . , *4.97 Aorangi, America, dollars .. *4.97 Mariposa, America, dollars . . 4.95% NEW AUCKLAND LAUNDRY INCREASE IN NET PROFIT DIVIDEND OF 6 PER CENT The accounts of the New Auckland Laundry, Limited, for the year ended January 31, show a net profit of £2727 (after writing £212 off preliminary expenses), against £2005 earned in the previous year. However, paid capital in the interim has been increased from £28,760 to £44,660, A„ dividend of 6 per cent, unchanged, is recommended. The directors state that the trading account shows an increase of £9434 over the previous year's figures, the turnover having expanded by 35 per cent. Balance-sheet figures reflect the expansion in business consequent on tho purchase last year of the Dominion Laundry Company, Limited. Fixed assets, chiefly buildings and plant, are assessed at £66,654, an increase of about £20,000. Laundry rights are unchanged at £4678. Sundry debtors and stock have increased by about £ISOO. In addition to capital of £44,660, tho company has loan accommodation amounting to £24,480, an increase of £7OOO. Trade creditors, etc., are £ISOB lower at £2631.

April 4 April 3 Par Montreal, dol. ;. 4.97% 4.97 % 4.866 New York, dol. . 4.9 5 Va 4.95'a 4.866 Pnris, fr. 75 Yitt 75 s / 18 124.21 Brussels, belga . 29.29 l /a 29.29'/a 35.00 Geneva, fr. 15.20% 15.21 25.22 Amsterdam, fl. , 7.29% 1.29V* 12.10 Milan, lire Berlin, r.m. 62% 62 s /, 92.46 12.31 12.31% 20.43 Stockholm, kr. . 19.39'/, 19.39' a 18.159 Copenhagen, kr. . •23.37% 23.87% 18.159 Oslo, kr. 19.90% 19.90V a 18.153 Vienna, sch. .. 26 Va 26% 34.595 Prague, kr. Helsingfors, mark 119% 119% 164.25 007 007 193.23 Madrid, pes. 36%, 86% « 25.221 Lisbon, escu. .. 108 V, 108% 110 Athens, dr. 521* 521* 375.00 Bucharest, _ lei. . 671* 671* 813.6 Rio de Janeiro, mil. 4%d iVid 5.899d Buenos Aires, dol. Montevideo, dol. 35d 35d 47.619d 39%d* 39%d* 51d Bombay, rupee . 18%d 18%d 18d Shanghai, dol. . 14%d 14%d Hongkong, dol. . 15'y, e d 15'/id Yokohama, yen . 14 1 -64d 14d 24.5Pd Bntavia, fl. 7.25% 7.25% 12.10 Belgrade, din. . . 218 218 27G.31 < 'Sellers.

T.T. On. Demand To £1 N.Z. Currency Selling Buying Selling U.S.A., dol. ■ 3.96% 4.02 3.97% Canada, dol. 3.98% 4.03 '/, 3.99% Austria, sch. 20.82 20.84 Belgium, belga .. 23.397 _ 23.408 Czechoslovakia, cr. 95.30 95.35 Denmark, kr. 17,893 18.263 17.903 France, fr. GO.11 61.39 60.15 Germany, r.m. ., 9.817 9.822 Holland, fl. 5.812 6.022 5.816 Java, fl 5.769 5.989 5.773 Norway, kr. 15.892 16.242 15.902 Sweden, kr. 15.489 15.844 15.499 Switzerland, fr. .. 12.117 12.492 12.122 Noumea, fr. 58.74 63.19 58.80 Papeete, fr. 58.89 63.19 58.95 N.Z. pence to— Hongkong, dol. .. 20 25-64 18 51-64 20 23-64 India, rupee 22 3 %a 22"/„ 22 l / ?a 22 57-64 Ceylon, rupee 22'/33 22 57-64 Japan, yen 17 39-64 17 l %, Shanghai, dol. 18 41-64 17 5-64 18'/. ' Singapore, dol. .. 35 31-64 34 15-64 35 l %,