AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIII, Issue 22543, 7 October 1936, Page 9

AUSTRALIAN EXCHANGES

ZINC CORPORATIONS RISE INVESTMENT MARKET FIRMER (Received October (>, 7.50 p.m.) SYDNEY, Oct. (5 The feature of the Sylney Stock Exchange to-day was strong buying pressure for Zinc Corporation shares, which touched Uls. These shares have advanced nearly 10s in a few days. The investment market was firmer. Sales included .. i .. ... £ s d Hunk N.S.W. .. flu ]•_> (j Com. Hanking, Sydney .. in 17 0 ('om. Hank Australia .. ois 0 Winchcoinhe-Carson . . . . lit 3 Tooth's Brewery .. , 2 10 0 Toohcys . . . , , "111 )) Australian (ins (A) . . . . 770 Howard Smith .. <> in 4 Anthony Hordern . . 018 o' Associated Newspapers . . 13 9 Ditto (pref.) , . 1 :i <) Automatic Totalisator . . 10 7% Australian Glass .. .. 4i t <) Burns-Philp .. .. :t I 0 Colonial Sugar . . ~ ,j;j jo o Morris Hedstroin . . too Electro. Zinc (pref.) ... 2 o !t David Joues . , . . . 2 9 0 General Industries . . . ! dIS !) Ditto (pref.) . . . . 13?) W. H. Carpenter .. . . 22 0 Morts Dock . . .. . . 011 » Sargents . . . . . . 1 t> 0 South Hroken Hill . . . . 000 North Hroken Hill .. .. » 15 0 Zinc Corporation .. .. 411 o Mount Morgan . . . . 0 14 0 Mount Lyell . . .. . . lino Hulolo Deposits .. . . H 23 Loloma . . .. . . 13 0 Mandated Alluvials . . . . 0 12 9 Commonwealth Bonds.—< 4 per cents, mil. £lO2 Ss Od; mil, £ 102 17s lid; 10.10, £•101 7s fid; in.-). - !, £ioi i."s; 1955, c 1 02■ 1957, £ 102 10s; 1050, £lO2 17s (Hl; 10G1, £lOl Is lid. MELBOURNE EXCHANGE On the Melbourne Exchange the bond market was easier. Industrials were firm. Zinc Corporations made a record price. Gold mining• shares were about steady. Sales included:— £ b d ( om. Hank Australia ~ 0 IS 8 National Rank A'asia (.Co) . 7 5 0 British Tobacco . .. .. 2 4 0 Hroken Hill Pty .. .. 3is a Meyers Emporium .. .. 1 15 <; 'i; Co ' rs :t is o Llectro. Zinc . .. .. 2 4 (! Ditto (pref.) .. .. 2 0 (5 United Provisions . . . . 011 3 South Hroken Hill .. .. 0 2 0 North Hroken Hill .. .. 0 13 0 Zinc Corporation .. .. 411 0 Mount Morgan . . .. oil fl Mount Lyell . .. .. 10 10% Loloma .. .. .. 1 3 (i Emperor .. .. <J. .. 015 3 Sulphide Corporation . . 0 10 (5 Upper Watut . .. .. 0 2 1 lrowat . . . . . . 0 1 2% FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless RUGBY, Oct. 5 The following rates on foreign exchanges are current, compared with the cable;! quotations on October 3 and par:— Oct. 5 Oct. 3 Par Montreal, dol. .. 4.91% 4.02% 4.SGO New York, dol. 4.92% 4.03% a 4.50 Paris, fr. 105% 105% 305 Brussels', belga.. 20.24% 20.32 35.00 Geneva, fr. .. 21.1t 21.14% 25.22 Amsterdam, gr. 0.24 0.32 12.10 Milan, lire t 'J 112 Berlin, r.m. .. 12.23% 32.20 20.43 Stockholm, kr... 10.30% 10.30% 18.150 Copenhagen, kr. 22.40 22.40 18.L50 Oslo, kr. .. 10.00 10.00 18.159 Vienna, sch. .. 20% - 2(i% 34.585 Prague, kr. ..I 122 101.25 I Helsingfors, mark 227 227 103.23 ! Madrid, pes. .. 55+ 551 25.221 Lisbon, escu. .. HOVi, 110*/ i« 110 Athens, dr. .. 550*f 550*f 375.00 Bucharest, lei... 075* 605* 813.0 Rio de Janeiro, m. 4%d 4%d 5.89! id Buenos Aires, pes. I t 11.45 Montevideo, dol. 3S% s d* 3S%d* 51d Bombay, rupee.. 18% d ls%d 18d Shanghai, d 01... Hongkong, dol. ll%d 24% d Yokohama, yen lid lid 24.58(1 Batavia, fl. .. 0.31% 0.20% 3 2.10 Belgrade, din. .. 220 t 270.31 JNot quoted. {Nominal. '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 .. 3.91% 3.04% T.T 3.03% 3.04 Buying: On demand .. 3.05/1 3.98% Following are the latest rates for purchases and sales of exchange quoted by the 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. .. 3.94% 3.90 3.91% Canada, dol. . . 3.91% 3.98% 3.91% Austria, sch. . . 21.135 Belgium, belga 23.353 Denmark, kr. . 17.803 18.2G3 3 7.903 France, fr. . . 84.33 Germany, r.m. . 0.753 Holland, fl. . . 7.401 Java, fl. .. 7.427 Norway, kr. . . 15.891 1(5.241 35.901 Sweden, kr. .. 35.489 25.8-1-1 35.490 Switzerland, fr. 37.107 Noumea, fr. . . 82.00 Papeete, fr. . . 83.11 N.Z. pence to— Hongkong, dol. 18 25-32 18% 18 40-04 India, rupee .. 22 21-32 22 11-32 22 41-04 Ceylon, rupee . 22 21-32 22 11-32 22 41-04 Japan, yen .. 17 31-04 Shanghai, dol. . 38 5-01 37 35-04 38 1-10 Singapore, dol. 3513-01 31.025 35 3-20 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 London ponnr] •• 24 10.05 20 0.00 Australia, P pound .. 39 20.81 20 0.00 Fiji, pound . ..22 5.00 20 0.00 New York, dollar .. 5 0.5, 4 1.31 Montreal, dollar .. •> 0-';» f Paris, franc . .. (| 2.M 0 Berlin, reichsmark .. 2 0.40 0 1t..4 Copenhagen, - krone 1 1.33 1 Yokohama, yen .. 2 5.41 , 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. Thev are subject to confirmation by the Customs Department when the exact time of departure is learned. Finally declared rates are marked*: —

Dessau, America, dollars .. .. 5-00 City of Brisbane, America, dollars, fi.()f»VJ Golden West, America, dollars .. 4.96 Ifauraki, America, dollars .. .. 4.04% Bcnholm, America, dollars .. .. 5.05/ i

GOLD PRODUCTION RECORD IN CANADA UNPRECEDENTED ACTIVITY Gold production in Canada during Juno sot up a now high monthly record of 316,070 ounces, accounting for 11.4 per cent of the entire world output during that month. This compares with .'{08,912 ounces in May and 286,093 ounces in June, 1935. Canadian production for the first six months of the current year totalled 1,707,509 ounces, a finin of 16..'3 per cent over the corresponding period of a year ago. The average price of gold, in Canadian funds, during June was about £8 15s 6d an ounce, which gave the month's output a value of about £2,777,987. Goldmining is the outstanding feature of Canada's mineral industry, and the Dominion ranks third among the goldproducing countries of the world. CALL AND DIVIDEND LIST Dividends— Duo Amalgamated Zinc (De Bavays), Ltd.—half-yearly, 5 p.c. p.a. Oct. H Milno and Clioyce—ord. and deb. stock, 4 p.c. .. .. . . Oct. 10 Farmers' Auct.—pref., 5 p.c.j ord., 4'/ 3 p.c. . .. .. Oct. 10 Amalgamated Wireless—final, 6 p.c. and 1 p.c. bonus .. Oct. .12 Mataki —Id a share .. Oct. 14 (>. J. Coles—ord., quarterly,-2% p.c. .. .. .. .. Oct.. Ir> South Hrilisli—final, 1s 4d a share Oct. 22 Martha—interim, Is a share (English currency) . .. Nov. CallSkippers, Ltd.—pref., 3d a share, ! making 9d paid .. .. Oct. 10