SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22405, 29 April 1936, Page 9

SYDNEY EXCHANGE

FIRMER TONE GENERALLY AUSTRALIAN GLASS HIGHER SYDNEY, April 28 There was a firmer tone generally in the investment market on tho Sydney Stock Exchange to-day, with a much improved turnover covering all classes of trading issues. Banks were on the quiet side. Australian Glass shares again rose sharply in anticipation of an early announcement of material benefit to shareholders. Buying support received a sudden impetus from Melbourne. This morning's sales included: —Commonwealth bonds, 4 per cent, 1938, £lO2 12s 6(1; ,1911, £103; 1947, £102; 1961, £lO2 8s 9d. Bank of New South Wales, £33 lO.s; Toohey's, 30s 9d; Associated News, 22s 4jd; Colonial Sugar, £42; Dunlop-Perdriau, 16s 4£d; Millaquin Sugar, 38s 3d. Later sales' were:—Bank of New South Wales, £33 10s; Commercial Bank of Sydney, £2O 10s; Mercantile Mutual Insurance, 31s 3d; Colonial Sugar, £42; United Insurance, £11; Automatic Totalisators, 21s; Howard Smith, 17s 10:} d; Burns-Philp, 68s; Berlei, 34s 9d; British Tobacco, 41s 3d; Tooth's, 53s 6(1; Toohey's, 30s 6(1; G. J. Coles. 73s 6d; Australian Iron and Steel, preference, 265; Australian Glass, 91s; Dunlop-Perdriau. 16s ljtl; Gokls-brougli-Mort, 325; Wilcox-Mofflin, lis sd; Greater J. 1). Williams, 7s 9d; Millaquin Sugar, 38s 3d; Farmers', 2Ss 9d; David Jones, 45s 6d; Anthony Hordern, 20s 3d; General Industries, 18s 9d; Newcastle Gas, A and C, 12s 10(1; Henry Jones, 41s 3d; Amalgamated Zinc. 10s Gd; J. Fielding, 80s; Kandos, 22s lOJd; Beard Watson, 16s 7id; Cash Orders, 23s 3d; Sargent's, 255; Wunderlicli, 20s; Garratt's, 7s 3d; Meggitt's, 25s 6(1; Australian Guarantee Corporation, 255; Spencers, 7s lid; Mark Foy, 24s 9d; W. R. Carpenter, 435; Goodyear, preference, 325; Broken Hill Proprietary, 61s 3d; ditto, new, 36s 3d; North Broken Hill, £8 Is; Bulolo Gold. £8 8s; Placer Development, £5 16s; Kuala Kampar, 15s; Rawang, 9s 3d; Larut, ex dividend, lis 3d; Koroere, 4s 7(1; Commonwealth bonds, 4 per cent, 1938, £lO2 12s 6(1; 1941, £103; 1944, £lOl 17s 6(1; 1947, £102; 1950, £lO2 10s; 1953, £lO2 12s 6d; 1955, £lO2 10s; 1957. £lO2 10s; 1959, £lOl 2s 6(1; 1961, £lO2 8s 9d. Melbourne sales were:—Commercial Bank of Australia, preference, £9 4s; National Bank (£5 paid), £7 lis; G. J. Coles, 73s 9d; Zinc Corporation, 82s 6d; Mount Lyell, 24s 10$ d; South Broken Hill, £5 13s; Emperor, 12s 9d; Loloma, 21s.' FOREIGN EXCHANGES FEW ALTERATIONS RECORDED British Wireless RUGBY, April 27 The following rates on foreign exchanges are current, compared with the cabled quotations on April 25 and par:— April 27 April 25 Par Montreal, dol. . . 4.95% 4.96% 4.806 New York, dol. . 4.93% 4.93% 4.SIX! Paris, fr. . . 74 l 3 75 124.21 Brussels, belga . 29.21% 20.19 35.00 Geneva, fr. .. 15.15V 3 15.16 25.22 Amsterdam, fl. . 1.11% 7.28 12.10 Milan, lire .. 62 l 7i« 62"/ 1B 92.46 Berlin, r.m. .. 12.28% 12.28% 20.43 Stockholm, kr. . 19.39% 19.39% 18.159 Copenhagen, kr. . 23.37% 23.37% 18.159 Oslo, kr. .. 19.90% 19.90% 18.159 Vienna, sch. .. 26% 26% 84.585 Prague, kr. .. 119% 119% 164.25 Helsingfors, mark 227 227 193.23 Madrid, pes. .. 36 13-64 36 13-64 25.221 Lisbon, eacu. .. 108% 108% 110 Athens, dr. .. 519* 519* 375.00 Bucharest, lei. . 670* 670* 813.6 RiodeJaneiro.mil. 4%d* 4%d* 5.899 d Buenos Aires, dol. 3od 35d 47.619 d Montevideo, dol. 39% d* 39% d* 51d Bombay, rupee . 18% d 18'/ad 18d Shanghai, dol. . 14% d 14% d Hongkong, dol. . 15 ,3 /Ud 15 13 /i o d Yokohama, yen . 14% 2 d 14% ad 24.58 d Batavia, fl. . . 7.2-1% 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% 3.97% T.T 3.95% 3.97% Buying: On demand .. 4.00% 4.02% 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 Selline U.S.A., dol. .. 3.95% 4.00% 3.96V a Canada, dol. . . 3.97 4.01% 3.97% Austria, sch. .. 20.72 Belgium, belga .. 23.333 Czechoslovakia, cr. &5.05 Denmark, kr. . . 17.893 18.263 17.903 France, fr. .. 59.96 61.24 60.00 Germany, r.m. .. 9.797 Holland, fl. .. 5.796 6.006 5.800 Java, fl 5.761 5.981 5.765 Norway, kr. .. 15.892 16.242 1 5.902 Sweden, kr. .. 15.489 15.844 15.499 Switzerland, fr. .. 12.074 12.449 12.079 Noumea, fr. .. 58.59 63.04 58.65 Papeete, fr. .. 58.74 63.01 58.80 N.Z. pence to— Hongkong, dol. .. 20 25-G4 18 51-64 20 23-64 India, rupee .. 2'2 a % a 22% a 22 57-64 Ceylon, rupee .. 22 2 %, 2214 22 57-64 Japan, yen .. 17 41-64 Shanghai, do!. .. 18 41-64 17 5-64 18% Singapore, dol. ~ 35 31-64 34 15-64 35*% a 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, ponnd .. 19 10.81 20 'O,OO London, pound .. 24 10.65 20 0.00 Fiji, pound .. .. 22 5.66 20 0.00 New York, dollar .. 5 0.44 4 1.31 Montreal, dollar . . 5 0.21 4 1.31 Paris, franc .. .. 0 3.99 0 1.93 Berlin, reichmark . . 2 0.30 0 11.74 Copenhagen, krone . . 1 1.33 1 1.22 Yokoliamu, yen .. .. 1 5.45 2 0.58 CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of vessels named are shown in tho following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned. Finally declared rates are marked*: — Brisbane Maru, Japan, yen .. .. *l4d Bcnholm, Canada, dollars .. .. *4.98 Benbolm, America, dollars .. .. *4.94 Niagara, Canada, dollars .. .. 4.96% PRICES OF METALS LONDON MARKET FIRM (Received April 28, 7.35 p.m.) LONDON, April 27 Following are to-day's quotations on the London metal market, compared with those of April 24: April 27 April 21 Per Ton Per Ton £ad £ b d Copper, stan., spot .. 37 10 7i 37 10 7J Copper, etan., 3 mos. 37 15 7i 37 14 4J Copper, electrolytic .. 41 10 0 41 10 0 to to 42 0 0 42 0 0 Copper, elect., wire bars 42 0 0 42 0 0 Lead, soft, spot .. 16 6 3 16 1 3 Lead, soft, forward .. 16 7 6 16 3 9 Spelter, spot . . .. 15 2 6 15 7 6 Spelter, forward .. 15 5 0 15 7 6 Tin, stan, spot .. 206 12 6 206 7 6 Tin, stan., 3 mos. .. 202 12 6 202 17 6 BRADFORD TOPS CROSSBREDS FIRM LONDON, April 27 On the Bradford tops market there is moderate business. Merinos show an advance on last week. Crossbreds are firm.