SYDNEY EXCHANGE

New Zealand Herald, Volume LXXIII, Issue 22437, 5 June 1936, Page 7

SYDNEY EXCHANGE

PROFIT-TAKING APPARENT HEALTHY TONE OF MARKET (Received June 4, 8.5 p.m.) SYDNEY, June 4 Recent advances in numerous industrial issues brought an increased number of sellers into the share market, causing an easing in values on the Sydney Stock Exchange to-day. The tone of the market, however, was healthy. Sales included: —

GOLD DOWN AGAIN YEAR'S LOW RECORD QUOTATIONS FOR SILVER (Received June 4, 7.35 p.m.) LONDON, .Tune 3 Fine gold is quoted to-day at £G 18s lOd an 07.. (another low record for the year), compared with £6 19s 2d yesterday. Silver is quoted at 19 15-lGd an oz. spot, and forward, compared with 19Jd botli positions yesterday. The quotation for silver at per fine oz. is 21 id, compared with 21 7-16 d yesterday. FOREIGN EXCHANGES APPRECIATION OF STERLING British Wireless RUGBY, June 3 The following rates on foreign exchanges arc current, compared with the cabled quotations on June 2 and par:— June 3 June 2 Par Montreal, dol. . . 5.03% 5.00% 4.866 New York, dol. . 5.01% 4.09% 4.866 Paris, fr. . . 76% a 75"' 32 124.21 Brussels, belga . 20.71 29.58% 35.00 Geneva, fr. . . 15.55 15.48% 25.22 Amsterdam, fl. . 7.4.'% 7.40% 12.10 Milan, lire . . 63% 63% 92.46 Berlin, r.m. . . 12.17 12.42% 20.13 Stockholm, kr. . 19.39% 19.39'/, 18.159 Copenhagen, kr. . 23.37% 23.37% 18.159 Oslo, kr. . 19.90 1 9.90 18.159 Vienna, sch. . . 26% 26% 34.585 Prague, kr. . 121% 120% 104.25 Helsingfors, mark 227 227 193.23 Madrid, pes. . . 80% 30% 25.221 Lisbon, escu. 108% 10S% 110 Athens, <lr. . . 533* 533* 375.00 Bucharest, lei. . 075* 675* 813.6 Rio de Janeiro,mil. 4%d* 4%d* 5.899 d Buenos Aires, dol. 35(1 35d 47.f,19d Montevideo, dol. 38% d* 39d 51d Bombay, rupee . 18% d 18% d 18d Shanghai, dol. . 14 7 /lod 14V I0 d Hongkong, dol. . 15 7 /, e d 15% d Yokohama, yen . 14% ad • 14% 3 d 24.58 d Batavia, fl. . . 7.38% 7.36% 12.10 Belgrade, din. . . 220 220 276.31 '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 . . 4.02% 4.01% T.T 4.02% 4.03% Buying: On demand . 4.07% i.OSA, 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 CI N.Z. Cuirency Selling Buying Selling U.S.A.. dol. . . 4.02% 4.07% 4.02% Canada, dol. . 4.03% 4.08% 4.01% Austria, hcO. .. 21.02 Belgium, belga 23.735 Czechoslovakia, cr. 96.10 Denmark, kr. . 17.873 18.2G3 17. a 93 France, fr. . 60.99 Oermunv, r.m. . 9.916 Holland, fl. ■ • 5.921 - 5.928 Java, fl 5.881 Norway, kr. . . 15.892 16.242 15.902 Sweden, kr. .. 15.487 15.842 15.497 Switzerland, fr. .. 12.391 - 12.396 Noumea, fr. . . 59.62 Papeete, fr. . . 59.77 N.%. pence to— . Hongkong, dol. 20% a 18/j 20/» India, rupee 22/ Ja n 7 64 Ceylon, rupee 22 - <„ 22/,, 22 57-64 Jnpnn. yen 17 H.VG4 Shanghai, dol. 18 l %» t JSi/' Sin'-'apore, dol 35 31..-64 31 15 1.1 35 /•„ 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 I (ir Australia, pound .. '9 on n'nn London, pound 24 10.65 20 0.00 Fiji, pound .22 5.66 20 0.00 New York, dollar 4 11.55 4 1.31 Montreal, dollar . 4 11.3(1 4 .31 Paris franc . . 0 3.92 0 1.98 BerHn, reichma rk ■ 1 ° 11.74 Copenhagen, krone 1 1.33 1 1.22 Yokohama yen . 1 5.52 2 0...8 CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of vessels named nro shown in the following table. They are subject to confirmation b.v the Customs Department when the exact time of departure is learned. Finally declared rates are marked*: Canadian Britisher. America, dollars *4.94 Canadian Britisher. Canada. dollars 4.95 Melbourne Marti, Japan, yen . . ''' Aorangi, Canada, dollars • ■ ~' no Aorangi. America. dollars Mariposa. America, dollars . . . <•; _'n ('itv of Canton. America, dollars . 4,.)M/ 4 Golden State, America, dollars • 4.JJ SHORT LOANS AND BILLS LONDON DISCOUNT RATES LONDON, June 3 Discount and short loan rates on the London market, compared with those for last week, aro as follows: — May 27 June 3 p.c. P.O. Day-to-day loans . . % % Fine trade bills (3 mos.) 2to 2/i 2to -/ 3 Biink bills (3 months) 9-16 % Bank bills (6 months) /a /« Treasury bills (2 mos.) /j /a Treasury bills (3 mos.) 9-16 /« NEW GUINEA GOLD SHARES V LONDON. Juno 3 New Guinea gold shares sold to-day at 3s 3 3d.

£ s d Bunk Australasia 12 0 0 .National Hank A'asia. (£5) . 7 ■t 0 Ditto 7 5 0 Bank New South Wales 32 17 f. Queensland National . . 5 6 0 More. Mutual Insurance 1 10 G United Insurance 11 0 0 Commonwealth Wool (ex div. 0 IS n Australian Gas (A) . . 7 12 G Ditto 7 12 0 Newcastle Ons (C) . . 0 12 9 Howard Smith 0 10 14 Ditto 0 19 3 Queensland Brewery . . 1 1(1 G Tooths 2 12 G Associated News 1 2 3 Aust. Iron and Steel (prcf 1 5 0 Australian Glass . . 4 12 G Australian Gypsum 0 19 G Broken Ilill Pty. n 8 9 Ditto (10s paid) o 5 9 Burns Phil]) 3 11 G British Tobacco 2 1 3 Claude Neon 0 11 0 Colonial Suirar •12 o G Dunlop-Peidi iau . . 0 IS 0 Drug Houses 1 10 74 Kthvnrds Dunlop Fairymead SiiRar o 2 G 2 7 <> G. J. Coles 1 0 9 Henry Jones 2 1 3 ITmne Pipe 0 19 71 James Stedman 0 IS 9 Lustre Hosiery 1 6 0 Menzies Hotel 0 14 G Mark Poy i 7 101 Standard Cement l 0 9 Spencers 0 G 9 Standard Wayeood . . 0 7 0 Ta ra naki Oil 0 1 0 Ushers Hotel 1 11 0 Union Theartes (pref.) 0 15 G Broken IT ill South 5 12 G Emperor 0 12 6 Loloma 0 18 G North Broken Hill 8 5 0 Placer development- . . Rawan? Tin 5 If. 0 0 S 8 Commonwealth bonds.—1 Per cents. 1911. £101 7s (id: 1017. £102 2s Gd: 19G1. £101 10s. MELBOURNE EXCHANGE Goldsbroueh-Mort British Tobacco . . 1 12 6 2 1 G Emperor 0 12 S Koroere 0 5 0 Loloma 0 18 3 Mount Lyell 1 i 44 Mount Morgan 0 14 G