SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22412, 7 May 1936, Page 7

SYDNEY EXCHANGE

STEADIER TONE IN MARKET NO PRESSURE FROM SELLERS (Received May 6, 8 p.m.) SYDNEY, May 6 There was a steadier tone in the investment market on the Sydney Stock Exchange to-day. Inquiry was restricted but sellers did not exert any pressure. Sales included: £ s d Commercial Bank Australia . . 10 0 Bank New South Wales . . 33 0 0 Goldsbrough-Mort . . . . 1116 Wiiichcombe Carson . . . . 1110 Wilcox Moffliu . . . . 0 118 Australian Gas (A) . . . . 712 6 Howard Smith . . . . 017 C Tooth's Brewery . . . . 212 3 Toohey's Brewery .. .. 1 10 6 Australian Glass .. .. 4 9 6 Ditto 4 9 9 Aust. Iron and Steel (pref.) 15 0 Aasociated News (pref.) . . 14 41 Amalgamated Textiles . . 0 9 5 Broken Hill Proprietary . . 3 16 British Tobacco . . .. 2 0 0 Ditto 1 19 lOi Clifford Lovrt (N.Z. delivery) . . 210 6 Dunlop Perdriau . . . . 016 6 Drug Houses . . .. . . 110 0 Electrolytic Zinc .. .. 117 6 General Industries . . . . 0 19 3 Gordon and Gotcli .. .. 2 6 0 Hackshalls . . . . . . 0 16 0 James Stedmnn . . . . 0 18 0 Lustre Hosiery . . . . 14 0 R. Fowler .. .. . . 0 13 9 Standard Cement .. .. 1 0 10J Emperor .. .. .. .. 0114 Loloma . . . . . . . . 0 18 0 Mount Lyeli . . . . . . 1 4 7) Placer Development . . . . 516 0 Kawnng Tin . . .. .. 0 9 1 Commonwealth Bonds.—l9l9, 3! per cent, £IOO 12s 6d: 1911, 4 per cent. .£lO2 17s 6d. MELBOURNE EXCHANGE Commercial Bank Australia .. 10 0 Bank New South Wale 3 . . 33 0 0 Goldsbrough-Mort . . . . 1119 Australian Glass . . .. 4 9 3 Dunlop-Perdriau . . . . 016 6 Electrolytic Zinc (pref.) . . 2 0 0 Gordon and Gotch . . .. 2 6 6 Herald and Times . . . . 3 6 3 Emperor .. +. .. . . 011 5 Koroero . . . . . . . . 0 4 6 Loloma 0 17 11 Mount Lyell .. . . . . 14 9 LONDON STOCK EXCHANGE BANK SHARES AND DEBENTURES LONDON, May 5 On the London Stock Exchange quotations of bank shares and other corporation debentures and stock compare with previous quotations as follows: — Ar>ril 21 May 5 ■£ s d £ s d Australasia . . . . 9 5 0 9 8 9 New South Wales . . 26 5 0 25 10 0 Union of Australia . . 7 2 6 7 3 9 National of N.Z. .. 2 16 9 2 16 6 N.Z. Shares . . . . 2 0 9 2 0 6 N.Z. Loan and Merc., 4 p.c. deb 91 0 0 91 0 0 N.Z. Loan and Merc., ordinary .. .. 26 0 0 26 0 0 E., S. and A 4 6 3 4 7 6 FOREIGN EXCHANGES STERLING RATHER STRONGER British Wireless RUGBY, May 5 The following rates on foreign exchanges are current, compared with the cabled quotations on May 4 and par:— May 5 May 4 Par Montreal, dol. . . 4.96% 4.96 4.860 New York, dol. . 4.96yi» 4.90% 4.566 Paris, fr. . . 757 18 75% 124.21 Brussels, belga . 29.20 29.25 35.00 Geneva, fr. .. 15.30 15.25% 25.22 Amsterdam, fl. . 7.3214 7.31% 12.10 Milan, lire . . 63% 62% 92.46 Berlin, r.m. .. 12.34 12.32 20.43 Stockholm, kr. . 19.3 H% 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% 120 164/25 Helsingfors, mark 227 227 193.23 Madrid, pes. . . 36 13 / ie 36% 25.221 Lisbon, eacu. .. 108% 108% 110 Athens, dr. .. 521* 521' 375.00 Bucharest, lei. . 672* 670* 813.6 HiodeJaneiro.mil. 4%d 4%d 5.899 d Buenos Aires, dol. 35d 35d 47.619 d Montevideo, dol. 39% d* 39%»d* 51d Bombay, rupee . 18% d 18% d 18d Shanghai, dol. . 14% d M%d Howrkonc. dol. . ]S 3 /id Yokohama, yen . 14V, K d 14'/i..d 24.58 d Batavia, fl. . . 7.09 7.27% 12.10 Belgrade, din. . . 217 217 276.31 •Sellers. NEW ZEALAND QUOTATIONS Tho 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 . . 3.98 3.98% „ T.T 3.97% 3.97% Buying: On demand . . 4.02% 4.02% Following are the latest rates for purchases and sales of foreign exchanco quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice:— T.T. On Demand, lo £1 N.Z. Currency Selling Buying Selling U.S.A.. dol. .. 3.97% 4.02% 3.97% Canada, dol. .. 3.97% 4.02% 3.9.8% Austria, sch. . . 20.77 Belgium, belga . . 23.321 Czechoslovakia, cr. 95.05 Denmark, kr. . . 17.893 18.263 17.903 France, fr. . . 60.31 61.59 60.35 Germany, r.m. . . 9.821 Holland, fl. . . 5.833 6.04 3 5.837 Java, fl .. .. 5.797 6.017 5.801 Norway, kr. . . 15.592 16.242 15.902 Sweden, kr. . . 15.489 15.814 15.499 Switzerland, fr. .. 12.182 12.557 12.187 Noumea, fr. .. 58.94 63.39 59.00 Papeete, fr. .. 59.09 63.39 59.15 N.Z. pence to— Hongkong, 'dol. . . 20 23-64 18 49-64 20 21-64 India, rupee . .22 2 22% a 22 57-04 Ceylon, rupee ..22 2 22% a 22 57-04 Japan, yen .. 17 41-64 Shanghai, dol. .. 18 39-64 17 3-04 18 1 %, 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 r <1 s d Australia, pound . . 19 10.81 20 0.00 London, pound . . 24 10.65 20 0.00 Fiji, pound . . 22 5.66 20 0.00 New York, dollar . . 5 0.12 4 1.31 Montreal, dollar . . 5 0.11 4 1.31 Paris, franc . . . . 0 3.96 0 1.98 Berlin, reichniaik .. 2 0.19 0 11.74 Copenhagen, krone . . 1 1.33 1 1.22 Yokohama, yen . . . . 1 5.49 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 tho exact time of departure is learned. Finally declared rates are marked*: — Brisbane Maru, Japan, yen .. .. *l4d Benholm, Canada, dollars .. .. *4.98 Benliolm, America, dollars .. .. *4.94 Niagara, Canada, dollars . . . . 4.96% Capo Horn, America, dollars .. *4,94 Monterey. America, dollars .. .. 4.94 Canadian Britisher, Canada, dollars 4.95% Port Hobart, America, dollars .. 4.94 LEWIS EADY, LIMITED IMPROVEMENT IN RESULTS Lewis Eady, Limited, reports a net profit of £.'3821 for tho year ended March 31, against £2733 earned in the previous year. Losses were incurred in each of the four years preceding 1935. There is a balance available of £5235. Pre orcnce dividend of G per cent has been paid for the year under review and tho directors recommend that a further payment of 6 per cent bo approved for the current year. Tho report states that improvement in sales has been maintained and liabilities have been reduced substantially. The company has a paid capital of £37,447, in £12,265 ordinary and £25,182 preference. In 1934, the ordinary shares were written down from £1 to 10s each. WHOLESALE EGG PRICES Wholesale egg prices in Auckland aro unchanged as follows: —Hen, first grade, 2s 4Jd a dozen; B grade. Is lOJd; C grade, Is 7}d; duck, 2s 2jd, Is 9Jd, Is GJd,