SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22399, 21 April 1936, Page 5

SYDNEY EXCHANGE

BANK SHARES ADVANCE WEAKNESS IN LOANS (Received April 20, 8.5 p.m.) SYDNEY, March SO On tlio Sydney Stock Exchange to-day bank shares continued to meet with increasing support, Commercial of Sydney, Commercial of Australia and New South Wales recording advances. The mining market was exceptionally quiet. Australian Consolidated Loans had a downward tendency. This morning's sales included:—Commonwoaltli bonds, 4 per cent, 1938, £lO2 os; 39-14, £lOl 10s; 1959, £101; Commercial Bank of Sydney, £2O 10s; Union Bank, £9 15sj Australian Gas, A, £7 12s; Toohey's, 31s 3d; Tooth's, 52s 3d; Australian Glass, 83s 6d; Henry Jones, 40s 3d; Millaquin Sugar, 38s 6d. Later business was: —Commonwealth bonds, 4 per cent, 1938, £lO2 2s 6d; 1941, £lO2 ss; 1944, £lOl 7s 6d; 1947, £lOl 17s 6d; 1950, £102; 1953, £102; 1955, £lO2 12s 6d; 1957, £lO2 12s Gd; 1959, £lOl Is 3d; 1961, £lO2 2s 6d; Colonial Sugar, £42; Bank of New South Wales, £34 ss; Commercial Bank of Australia, 20s 3d; Commercial Bank of Sydney, £2O 10s; Associated News, 22s 7Jd; ditto (preference), 23s 9d; Australian Gas, A and B, £7 12s; British Tobacco, 40s 9d; Tooth's, 525; Toohey's, 31s 3d; G. J. Coles, 70s 3d; Dunlop-Perdriau, 14s 6d; Greater J. D. Williams, 7s 9dj Henry Jones, 40s 3d; Anthony Hordern, 20s; Lustre, 23s 9d; Standard Cement, 21s 9d; General Industries, ISs 9d; Broken Hill Proprietary, 60s; ditto, new, 25s 7Jd; Victoria Nyanza, 9s. Melbourne sales included:—Australian Glass, 83s 3d; Dunlop-Perdriau (preference), 32s Gd; Gordon and Gotch (preference), 345; Herald and Weekly Times, 68s 9d; Electrolytic Zinc (preference), cum rights, 40s 9d; Mount Lyell, 24s 10} d; Emperor, lis lid; Loloma, 19s 6d. BRITISH MARKETS GOLD SHARES DULL PUBLIC APATHY TO BUDGET LONDON", April 10 It is many years sinco the public has shown such apathy at the approach of Budget day; No surprises are expected. On the contrary, the Budget is likely to contain little more than provision for a continuance of existing conditions. The greater demands of the defence services make remissions of taxation impossible, just as increased industrial profits make increases of taxation unlikely. Easter influences still hang over the stock markets. Gilt-edged Australians are well supported owing to the reinvestments of funds disbursed in paying off £44,000,000 of Treasury threes, and £12,000,000 Now South Wales fives. Industrials are inclined to sag. Rubber is better owing to an improvement in tho price of the commodity and the belief that a further advance is imminent. Gold shares are dull. The Board of Trade returns were disappointing owing to the failure to maintain last year's rate of increase, while imports remain near the high level. It must, however, be noted that a large percentage of imports are made up of raw materials, reflecting the advance in domestic recovery. The decline in cotton exports is further evidence of the unequal struggle Lancashire is waging with Japan. FOREIGN EXCHANGES QUOTATIONS IN LONDON British Wireless RUGBY, April 18 The following rates on foreign exchanges are current, compared with the cabled quotations on April 17 and par:— April IS April 17 Par Montreal, dol. . . 4.97 New York, dol. . 4.94 4.oi]/ 4 4.866 Paris, fr. .. 74 2 % a 75 1 24.21 Brussels, belga . 29.19 29.21 35.00 Geneva, fr. .. 15.15Va 15.15% 25.22 Amsterdam, fl. . 7.28 7.28 12.10 Milan, lire .. 62% 62 1, / le 92.46' Berlin, r.ru. .. 12.28 12.28 20.43 Stockholm, kr. . 19.39'/ a 19.39% 18.159 Copenhagen, kr. . 23.37% 23.37% 18.159 Oslo, kr. .. 19.90% 19.90% 18.159 Vienna, sch. .. 26% 26% 34.585 Prague, kr. . . 119%« 119%e 164.25 Hehingfors, mark 227 227 193.23 Madrid, pes. .. 36»/ 3a 36 11-64 25.221 Lisbon, escu. .. 108% 108% 110 Athens, dr. .. 520 * 519 * 375.00 Bucharest, lei. . 670* 670* 813.6 Rio deJaneiro.mil. 4%d 4%d 5.899 d Buenos Aires, dol. 35d 35d 47.619 d Montevideo, dol. 39% d* 39% d* old Bombay, rupee . 18% d 18% d lSd Shanghai, dol. . 14% d 14% d • Hongkong, dol. . 15 la /i«d 15 13 /i«d Yokohama, yen . 14% 2 d 14'/ 3= d 24.58 d Batavia, 11. . . 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 On demand .. 3.96% 3.98% T.T 3.90 3.98% Buying: On demand . . 4.00% 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: — T.T. On Demand To £1 N.Z. Currency Selling Buying Selling U.S.A., dol. .. 3.95% 4.01 3.90% Canada, dol. . . 3.93% 4.03% 3.99% Austria, sch. . . 20.72 Belgium, belpa . . 23.317 Czechoslovakia, cr. 95.05 Denmark, kr. .. 17.893 18.203 17.903 France, fr. .. 59.90 61.18 60.94 Germany, r.m. .. 9.793 Holland, fl. .. 5.800 G.OIO 5.804 Java, fl. . . .. 5.761 6.981 5.765 Norway, kr. .. 15.892 16.242 15.902 Swe<len, kr. •• 15.489 15.844 15.499 Switzerland, fr. .. 12.077 12.452 12.082 Noumea, fr. . . 68.53 02.98 58.59 Papeete, fr. . . 58.08 G2.98 58.74 N.Z. pence to— Hongkong, dol, .. 20 25-64 18 51-6-1 20 23-64 India, rupee .. 22'%, 22%, 22 57-64 Ceylon, rupee .. 22 i %, 22% a 22 57-04 Japan, yen . . 1" 41-04 Shanghai, dol. .. 18 41-64 17 5-64 IS/j Singapore, dol. . • 35 31-64 34 15-64 35 /vt The cost in New Zealand currency of tho pound sterling, and of the principal overseas units, on tho latest quotations, is as follows: —:

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 the exact time of departure is learned. Finally declared rates are marked*: — Canadian Victor, Canada, dollars . . *4.99 Canadian Victor, America, dollars . . *4.99 City of Canberra, Canada, dollars . . *4.98 City of Canberra, America, dollars . . *4.90 Canadian Highlander, Canada, dol. *4.98 Limerick, America, dollars .. .. 4.95 Brisbane Maru, Japan, yen .. ]4'/ 3 ad Manju Maru, Japan, yon ~ .. 14d Benholm, America, dollars .. .. 4.91 1 /i»

Present Price Par 8 d B d Australia, pound .. 19 10.81 20 0.00 London, pound ., 24 10.G5 20 0.00 Fiji, pound .. 22 5.GG 20 0.00 Now York, dollar . . 5 0.4.'! 4 1.31 Montreal, dollar .. 5 0.00 4 1.31 Paris,/franc Borlm, reichmark .. 0 3.98 0 1.98 .. 2 0.31 0 11.74 Copenhagen, krone .. 1 1.33 1 1.22 Yokohama, yen .. . . 1 6.45 2 0.58