SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22400, 22 April 1936, Page 9

SYDNEY EXCHANGE

BANK SHAKES FIliM MINING MARKET QUIET (Recajved April 21, 5.5 p.m.) SYDNEY, April £1 Values generally were steady on the Sydney Stock Exchange to-day. Good support was given Dunlop-Perdriau. Bank shares wore firm. The mining market was quiet. Tliis morning's sales included: —Commonwealth bonds, 4 per cent, 1938, £'lo2; 4 per cent, 1959, £lOl. Commercial Bank of Sydney, £2O 10s; Australian Gas, A, £7 lis 6d; Tooth's Brewery, 51s 9d; British Tobacco, 40s 9d; Broken Hill Proprietary, 60s Gd; ditto, now, 365; Dunlop-Perdriau, 11 s Sd; Morris Hedstrom, 20s. Later business was; —National Bank of Australasia (£5 paid), £7 lis; Commercial Bank of Australia, 20s 4d; Colonial Sugar, £42; Associated Newspapers, 22s 7sd; Australian Gas, A. £7 lis 6d; British Tobacco, 40s 6d; Tooth's, 52s 3d; Toohey's, 31s; G. J. Coles, 70s 3d; Australian Iron and Steel, pref., 25s 6d; Australian Glass, 81s Gd; Dun-lop-Perdriau, IBs lid; ditto, pref., 32s fid; Morris Hedstrom, 265; Henry Jones, 40s Gd;. Anthony Hordern, 20s; Standard Cement, 21s Gd; General Industries,' 18s 9d; Kandos Cement, 23s 3d; Wunderlich, 20s 9d; Stedman, 18s; Gordon and Gotch, 46s 9d; W. 11. Carpenter, 42s 9d; Woolworths, first pref., 38s 9d; Meggitts, 25s 6d; Broken Hill Proprietary, 60s 3d; ditto, ne*v, 35s lOJd; South Broken Hill, £5 12s 6d; Rawang Tin, 9s; Placer Development, £5 17s; Kampong Lanjut, 21s 10id; Mount Paris, 3s 8d; Loloma, 19s sd; Tavua, 3s. Melbourne sales included: —E., S. and A. Bank, £6 7s 6d; Goldsbrough-Mort, 325; Australian Glass, 84s; HeraldTimes, 68s 3d; Loloma, 19s 3d; Mount Lyell, 24s 10U1; Dunlop-Perdriau, 15s. GOLD AND SILVER QUOTATIONS IN LONDON (Received April 21, 7.35 p.m.) LONDON, April 20 Fino gold is quoted to-day at £7 0s lOd an oz., compared with £7 0s 10Jd on Saturday. Silver is quoted at 20Jd an oz. spot and forward, compared with 20Jd and 20 13-16 d on April 17. The quotation for silver at per fine oz. is 22£ d, compared with 22ijd on April 17. The following is a summary of tin? fluctuation in the prico per ounce of fine gold this year:— £ s d Highest price, January 2.. 7 1 4 Lowest price, Feb. 4 and 10 7 0 G April 34 . . . . .. 7 010 April 15 .. .. ..70 10 April ltj ' 0 April 17 . . .. . . 7 0 10 April 18 . . . . ..70 101 April 20 „ .. • • .. 7 010 FOREIGN EXCHANGES STEADINESS OF THE DOLLAR British Wireless RUGBY, April 20 The following rates on foreign exchanges are current, compared with the cabled quotations on April 18 and P ar ' : — , ~ April 20 April 18 Par Montreal, dol. .. 4.96% 4.97 4.8(36 New York, dol. . 4.91 4.91 4.806 Paris, fr. .. 74»/ ia 74 s '/ 3a 121.21 Brussels, belga . 29.20 29.19 35.00 Geneva, fr. . . 15.16 15.15'/, 25.22 Amsterdam, li. . 7.-& V* 7.28 12.10 Milan, lire .. 62% 62% 92.46 Berlin, r.m. . . 12.28% 12.28 20.43 Stockholm, kr. . 19.39 1 /, 19.39 1 /, 18.159 Copenhagen, kr. . 23.37% 23.37'/i 18.159 Oslo, kr. .. 19.90% 19.90% 18.159 Vienna, sch. .. ■ 26% 26% 84.585 l J rague, kr. . . 119% 119%« 164.25 Helsingfors, mark 227 227 193-23 Madrid, pes. .. 36% # 36% a 25.221 Lisbon, escu. . . 108% 108% 110 Athens, dr. .•• 619* 520" 375.00 Bucharest, lei. . 070* 670' 813.6 Rio de Janeiro,mil. 4V<d* 4/ld 5.899 d Buenos Aires, dol. 35d 35d 47.619 d Montevideo, dol. 39% d* 39% d* 51d Bombay, rupee . 18/ ad 18% d 18d Shanghai, dol. . 14% d 14% d Hongkong, dol. . 15 13 /i«d 15 13 /i 6 d Yokohama, yen . 14'/, 2 d 14% 2 d Batavia, 13. .. 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. .. ... 3.96 8.98% 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 3.96% Canada, dol. . . 3.98 l / 4 4.03 on -?/ 4 Austria, sch. .. 20.72 sS'ol. Belgium, belpa . . 23.325 - 23.330 Czechoslovakia, cr. 94.97 Denmark, kr. . . 17.893 • 17.903 France, fr. .. 59.91 61.19 59 95 Germany, r.m. .. 9.797 c'on" Holland, fl. .. 5.801 6.011 5.805 Java fl .. • - 5.761 5.981 5./ bo Norway kr .. 15.892 1 6.242 1 5.902 Sweden; kr! .. 15.489 16.844 15.439 Switzerland, fr. . . 12.0/8 12.4a3 j!?'?? Noumea, fr. .. 58.54 fo'~Papeete, fr, .. 58.09 62.99 58./o Hon "fton g 6 i " 00"/ 001/., 22 57-04 India, rupee . . -~ 30/ 3 * ot/, 22 67-04 Ceylon, rupee .. 22 / a , U/*a °< .TJinan yen • • 1' 41-04 Shanghai, dol .. 18 41-64 17 5-64 18 n Singapore, dol. .. 35 31-04 34 15-64 3o , 3 i 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^ Australia, pound .. 19 10.81 20 0.00 London, pound •• 24 10.05 20 0.00 Fiji, pound .. -22 5.00 20 0.00 New York, dollar .. 0.43 4 1.3 Paria lO fratic°" ar .. '.i 0 3.99 0 L9B Berlin, reichmark .. 2 0.29 0 11.7 Copenhagen, krone .. 1 Yokohama, yen .. . . 1 5.46 l U.&a CUSTOMS EXCHANGE RATES Rates of exchan«o ruling at the announced dates of departure of vessels named arc shown in the following table. They are subject to confirmation by the Customs Department when tho exact time of departure is learned. Finally declared rates are marked Canadian Highlander. Canada, dol. *4 93 Brisbane Maru .Japan, yen .. .. w/mO Bfnliolra. America, dollars .. ...ion" Golden -Bear, America, dollars .. 4.90 THE TIMBER TRADE DEMAND FOR NEWSPRINT Canadian mills produced 2,753,000 tons of newsprint during 1935; 6 per cent greater than in 1934, and larger than the output for any previous year. Demand from the United States was firm and overseas shipments, which represent ribout 20 per cent of Canada s total exports of newsprint, expanded notably. Recent developments in the timber trade have been encouraging, lhe special duties on Canadian products imposed by tho .lapanose Government, which almost eliminated shipments of timber to Japan, have now been removed. Although exports to tho United Kingdom were "considerably reduced during tho first ten months of the year, this market has recently been stronger.