AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIII, Issue 22515, 4 September 1936, Page 7

AUSTRALIAN EXCHANGES

INDUSTRIALS FIRM DECLINE IN G. J. COLES (Received September 3, 7.30 p.m.) SYDNEY, Sept. 3 General industrial shares were firm on the Sydney Stock Exchange to-day and brewery shares were in strong demand. G. J. Coles edged back, owing to the differences on the board of directors. Speculation in .Mandated Alluvials, I'apua, gained in intensity, shares fluctuating violently and closing 4s 3d up on the overnight level. Sales included: £ 8 (1 Bank Now South Wales . . 33 5 0 Ditto 33 2 0 Howard Smith . . 0 10 4% Tooheys . . 112 3 Tooths 2 10 0 Carlton Brewery . . .. 210 3 Australian Gas >\\ 7 if 6 Associated Nov.s i 2 O Dit'o (pret.) I .'I 7% Australian (fypsuin 10 0 Automatic Tote* . . 0 10 0 British Tobacco . . . . 2 19 Broken Hill Proprietary .. 3 15 M Ditto .3 15 0 Colonial Sugar . . 43 17 0 Dunlop-Perdriau 0 18 0 Greater J. I). Williams .. 0 8 3 Jiintzcn (pref.) .. .. 14 0 Millaquin Sugar . . . . 2 0 0 Morts Dock 0 12 0 Fitt, Son, Badgery . . . . 22 0 Standard Cement . . 0 15 9 W U. Carpenter . . .. 2 3 0 Warburton b'ranki . . . . 10 0 Wunderlich . . . . 13 0 Broken Hill South .. . . 5 117 0 Emperor . • . . 0 10 3 Mandated Alluvials . . 1 .10 0 Mourn Ljeil .. .. 10 3 Mount Morgan .. .. 0 "13 2 Placer Development .. 4 "17 0 Commonwealth Bonds. —3'/, per cent, 1018, £o(i 2s 0(1; 1038, £lO2 Ids; 1044. £lO2 17s (id; 1053, £lOl ss; 1057. £lOl 12s (id; 1950, £lO2. MELBOURNE EXCHANGE On the Melbourne market there was a good demand -for investments and bonds. Myers were firm, with the dividend declaration. Mining generally was quiet. Business included: — £ s d Commercial Hank Australia O IS 8 E., S. and A. Bank .. 5 10, 0 National Bank (£5 paid) 7 3 0 British Tobacco .. ~ 2 10 Drug Housaa .. .. 110 0 Electrolytic Zinc .. ~ 2 13 G. J. Coles 4 13 Gordon ano Gotch .. .. 2 10 0 Herald and Times .. . . 3 8 0 Myers .. . .. 1 10 9 Sulphide Corporation .. 0 10 8 United Provisions .. .. 012 11 Victoria Nyzaoza . . .. 013 5 Yarra Falls 1 19 9 Broken Hit" South .. .. 5 17 0 Empeio r .. .. .. 0 10 2 Loloma .. .. 1 5 7% Mount Lyell .. .. 19 3 Mount Morgan .. .. 0 13 2 Upper Watut .. .. 0 3 2

FOREIGN EXCHANGES

(Received September 3, (J,45 p.m.) British Wireless RUGBY, Sept. 2

The following rates on foreign exchanges are current, compared with the cabled quotations ois September 1 and par:— . Sept. 2 Sept. 1 Par Montreal, dol. 5.03% 5.03% 4.800 New York, dol. 5.03% 5.03% 4.800 Paris, fr. . . 70% e 70% 6 121.21 Brussels, belga 20.81'/ 2».52 35.00 Genevn, fr. .. 15.41% 15.44 25.22 Amsterdam, fl. 7.41 7.41 12.10 Milan, lire .. 03"/,. 03' V,, 02.40 lierlin, r.m. . . 12.51 12.51 20.43 Stockholm, kr. 10.30% 18.150 Copenhagen, kr. 23.37% 23.37% 18.150 Oslo, kr. .. 10.00% 10.00% 18.150 Vienna, sch. .. -'<>ll 20 s ,i 84.585 Prasuo, kr. .. 121% 121% 164.25 Helsingfors, .m. 227 227 ] <13.23 Madrid, pes. .. 4 IVS 41V A 25.221 Lisbon, escu 110% a 110%« 110 Athens, dr. .. 530* 530* 375.00 Bucharest, lei. 075* 075* 813.0 Rio tie Janeiro 4Vid 4%d 5.800 d Buem s Aires, d. 35d 35d 47.01 Od Montevideo, dol. 38% d 38% d Bid Bombay, rupee 18% d 18% d 18d Shanghai, dol. 14 13 / 3 ad 14 l % a d Hongkong, dol. 14 3 % a d 14 a % a d Yokohama, yen 14% d 14% d 24.58 d Batavia, fl. . . 7.30% 7.37 12.10 , Belgrade. din. 220 220 27(1.31 •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 .. 4.04 4.04 T.T 4.03% 4.03% Buying: On domand .. 4.08% 4.08% Following are the latest rates for purchases and sales of foreign exchange quoted b.Vyrthe Bank of New South Wales, Auckland. They are subject to alteration without notice: — To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. ~ 4.03% 4.08% 4.04 Canada, dol. . . 4.03% 4.08% 4.04 Austria, sch. . . 20.07 Belgium, belga 23.810 Czecho'vakia, cr. 00.82 Denmark, kr. . 17.893 18.203 17.003 France, fr. .. 61.14 Germany, r.m. . 0.078 Holland, fl. .. 5.003 Italy, lire .. 51.00 Java, fl. .. 5.857 Norway, kr. 15.801 10.241 15.001 Sweden, kr. .. 15.180 15.844 15.400 Switzerland, fr. 12.304 Noumea, fr. .. 50.77 Papeete, fr. .. 50.02 N.Z. pence to — Hongkong, dol. 101-64 17 50-04 18 03-04 India, rupee .. 22 29-32 22 1-32 22 57-04 Ceylon, rupee . 22 20-32 22 1-32 22 57-01 Japan, yen . . 17 41-04 Shanghai, dol. . 18% 17 3-16 18 23-64 Singapore, dol. 35 31-64 34 15-04 35 15-32 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 s d s d Australia, ponnd .. 10 10.81 20 0.00 Lone on, pound .. 24 10.65 20 0.00 Fiji, pound . .. 22 5.00 20 0.00 New York, dollar .. 4 11.31 4 1.31 Montreal, dollar .. 4 11.30 4 1.31 Paris, franc .. 0 3.00 0 1.08 Berlin, reichsmark .. 1 11.85 0 11.74 Copenhagen, krone .. 1 1.33 1 1.22 Yokohama, yen . . 1 5.57 2 0.58

CUSTOMS EXCHANGE RATES Rates 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. Finallv declared rates are marked*:—

Ashburton, Canada, dollars .. '6.m Asliburton, America, dollars .. 6.02 Canadian Scottish, Canada, dollars . 5.02 Golden Bear, America, dollars .. *5.02 Canberra Muru, Japan, yen .. *Hd Monterey, America, dollars .. 5.02% Hororata, America, dollars .. 6.03% Chifuku Maru, Japan, yen .. Md

CALL AND DIVIDEND LIST Dividends— Due General Motors - Holdcn's —haltyearly, pref., 0 p.c. .. Sept. 7 Standard Insurance—ls 3d a share ■ • • • Sept. 7 Electrolytic Zinc—final, <J p.c., ord. and pref. Sept. 10 Adelaide Steam —final, 3% p.c. Sept. 15 Gillespie's Beach —Jd a share .. Sept. 1(1 Huddart, J'arUer—int., pref., 3 p.c.; ord.. 3% p.c. .. Sept. 17 Broken ) Till South —2s fid a share ■ • Sept. IS Renown Coai—ord., lOd; final. pref., 7 p.c. p.a. . . ... Sept. 'it Auckland Farmers' Freezing—(i p.c. . • Sept. 25 North Broken Hill—2s tid a share and bonus of 2s (Id Sept. 20 Dunlop-Perdriau—pref. and ord., 5 p.c. .. . . .. Sept. 30 British Tobacco quarterly, 2 p.c.' . . • • • .. Sept. 30 Milburn Lima—final . . . . Sept. Hank of Australasia —int., 3s fid a share . . Oct. 2 C. L. Innes—pref., G 2-3; ord., S p.c. .. .. .. Dec. 1

MT. LYELL MINING SHARES

LONDON, Sept. 2 On the mining market to-day Mount Lyells sold at 22s 9d.

RESERVE BANK RETURN

RISING NOTE ISSIIK FALL IN BANKS' DEPOSITS HIGHER ADVANCES TO STATE ([by telegraph —PRESS association] WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, August 31, waa gazetted to-night. The statement is balanced at £25,160,927, or £20,295 more than at the close of the previous week. The note issue has increased by £163,113, following a rise of some £155,500 the previous week. Government deposits are £81,768 higher, while those of the trading banks have fallen by £388,897. Other demand liabilities have increased by £164,633. The only movement of any note among the assets has been an increase of £17,364 in the newly-appeared item advances to the State or to State undertakings. Tho statement with variations compared with tho week before is as follows: llAß ilities Variation £ £ 1. Gen. resrne .. I.GOO.CVOO Same 2. Bank notes .. 11,148,204 +163,113 3. Demand liabilities — (a) Statu .. 6,436,015 +81,768 (b Hanks : . 5:607:437 -388.807 (c) Other .. -288,682 +104.633 0. Other liabilities 00,109 -3-2 Total . . . • 25,160,027 +20,205 ASSETS £ £ 7 Reserve — ' (aj Gold .. 2,801,733 Sam « (b) Sterling ex. 10,700,230 .t,05 8. Subsidiary coin 154.016 +627 10. Advances—. (a) To State or State under takings .. 05,11 H +17,304 11. Investment .. 2,038,324 13. Other assets .. 2 <2,500 +.,270 Total .. .. 25.100,027 +20,205 Proportion of reserve to notes and other demand liabilities, 95.886 per cent (95.97 last week).

SHORT LOANS AND BILLS LONDON DISCOUNT RATES LONDON. Sept. 2 Discount and short loan rates on the London market are the same as those for last week, as follows: — Aur. 26 Sept. 2 p.c. p.c. Day-to-day loans . . l /a % Fine trarte bills (3 nios.) 'J to 2Vi '2 to '2% Bank bills (3 months) %« Vt« Rank bills (0 months) % % Treasury nills (2 mos.) Vi % Treasury bills (3 mos.) % V*

MYERS EMPORIUM

DIVIDEND RATE HIGHER (Received September 3, 7.30 p.m.) SYDNEY, Sept. 3 Tho directors of Myers Emporium, Limited, retail drapers, Melbourne, have recommended a final dividend of 5} per cent, making 8} per cent for the year.

The final distribution last year was 4J per cent, including per cent bonus, and the payment for the year totalled 7J per cent. The company's paid-up capital amounts to £2,479,573.

STATISTICS OF TIN LONDON, Sept. 2 The statistical position of tin at the close of August, compared with previous periods, was as follows: — June. July. Ailg. Tons. Tons Tons. World visible supsupplies . . 13,348 13,000 14,425 Straits carry-over 1,073 2,142 1,507 Supplies . .. 10,061 10,010 10,321 Deliveries .. 11,761 10,367 8,800

•Based on interim dividend at rate per annum. The return on 3% per cent Government loans does not include redemption and covers only the period for which the loans are tax free.

GOLD IN AUSTRALIA

SEVEN MONTHS' YIELD VALUE OF £5,451,859 (Received September 3, 6.45 p.m.) CANBERRA, Sept. 3 Gold production in Australia in the seven months ended July 31 was 630,5315 fine ounces, valued at £5,451,859.

SYDNEY WOOL SALES BETTER SORTS IN DEMAND PRICES WELL MAINTAINED (Beceivcd September 3, 0.15 p.m.) SYDNEY, Sept. 3 At tho Sydney wool sales to-day 12,426 bales were offered and 8280 were sold. Also 6714 bales were sold privately. The demand for all better descriptions was well maintained, prices for which were firm, but the irregularity and weakness in regard to faulty wools was further accentuated, with the result that these were difficult to sell, The chief competition came from Yorkshire and Germany. Greasy Merino sold to 20Jd.

PRICES OF METALS TIN EASIER AGAIN (Received September 3, 7.35 p.m.) LONDON, Sept. 2 Following are to-day's quotations on the London metal market, compared with those of September 1: — Sept. 2 Sept. 1 Per ton l'er ton £ 8 (I £ 8 (1 Copper, stan, spot 38 11 3 38 0 4y a Copper, stan, 3 mos .. .. 38 15 7 1 /, 38 14 4 1 / a Copper, electrolytic 42 15 0 42 15 0 to to 43 5 0 43 5 0 Copper, elect, wiro bars 43 5 0 43 5 0 Lead, soft, spot. 17 2 0 17 0 0 Lead, soft, forward 17 3 0 17 1 3 Spelter, spot . . 13 8 0 13 11 3 Spelter, forward 13 15 0 13 10 3 Tin, stan, spot . . 187 12 0 188 10 0 Tin, stan. 3 mos 184 12 6 185 7 0

APPLES AND PEARS ARRIVALS IN ENGLAND [FROM OUn OWN COIIrfESPONDENT] LONDON, August 15 More apples and pears are arriving in England from New Zealand and Australia every year. The Imperial Economic Committee, in its weekly fruit intelligence notes for July 29, states that the aggregate arrivals of apples from those countries at United Kingdom ports this season up.to July 28 totalled approximately 5,090,000 boxes, compared with 4,504,000 boxes during thp corresponding period last year and 4,741,000 boxes in 1934. Arrivals of pears from Australia and New Zealand were equivalent to 699.000 boxes, as against 6(30,000 boxes and 463,000 boxes in 1935 and 1934 respectively.

PROPERTY AUCTIONS Ranfurly Smitli will offer at auction at noon to-day at the Chamber of Commerce, bwanson Street, property at No. II Wnrrington Uoad, Roinuera, comprising uousp of two storeys with six rooms. T. Mandeno Jackson will offer at auction at his rooms, 3 Swanson Stroct, Auckland, at 11 o'clock this morning, two blocks semiimproved land at Kaingaroa, near Awanui, North Auckland, comprising 1308% acres and 52(1 acres respectively; also house, six rooms, and section, 244 New North Itoad, Rocky. Nook. ... „ C. P. Bennott, Limited, will offer at auction at its rooms, corner Queon and Shortland Streets, at noon to-day, residence of 10 rooms, at 88 Victoria Avenue, Remuera, and freehold section, frontages to Victoria Avenue and Portland Road. . Samuel Vaile and Sons, Limited, will olTer at auction at its rooms, 83 Queen Street, at 2 p.m. to-day, the following properties:—Bungalow of five rooms, 20 Herbert Road. Mount Eden; bungalow of five rooms, 17 Ocean View Road, Milford; house in three flats -10 Bellevue Road, Mount Eden; section Ellerslie; bungalow, Nile Street. Takapuna, five farming sections on Wade River, Silver dale; cottage of three rooms at 21 Muritat Road, Milford.