AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIII, Issue 22544, 8 October 1936, Page 7

AUSTRALIAN EXCHANGES

STRENGTH OE INDUSTRIALS GOLD SHARES FIRMER (Received October 7, 8.15 p.m.) SYDNEY, Oct.. 7 Tho investment market was rather quiet on the Sydney Stock Exchange to-day, but there was inquiry for most front-rank industrials at higher figures. Gold and tin shares showed a liriner tendency. Sales included: — £ 8 (I Hank of Australasia .. 12 0 0 (Joldsbroug-Mort .. .. i to Australian Gas (A), new . . 7 5 (> Toohoya . . . . .. 1311) Tooths .. .. .. 2 10 0 Ditto . . .... 2 10 a Australian Gypsum .. .. o 111 10 l / a British Tobacco , , .. 2 4 0 Broken Hill Proprietary .. aIH 3 Ditto (now) . . .. •_> 18 () Burns-Philp . . . . . . a 11 0 Cash Orders . . . . . . 1-10 Dunlop-Pordriau .. .. 017 l'/ a J)itto (pref.) .. .. 1 13 (i Electrolytic Zinc. .. .. 2 4 3 Millaqum Sugar . . . . 2 '2 t) Morris llodstroiu .. .. -1 <> 0 Karsrents . . .. l » o Broken Hill South . . . . <; 4 0 Bulolo Doposits .. . . o 2 3 Mount Lyell . .. .. 1 10 0 Mount Morgan . . .. o 14 8 New Guinea Goldfields ; . 0 1 9Yi North Broken Hill .. 9 14 0 Placer Development . . . 4 18 (» Rawansr Tin . . . .. 0 0 0 Commonwealth Bonds.— I per cent, 1038, •ClO-2 os; 1950. XKM 12s Od; 1053. £IOJ 15s. MELBOURNE EXCHANGE On tho Melbourne market industrials wero firm. Business included: £ s d National Bank (£5 paid) .. 7 4 0 Carlton Brewery .. .. 3 3 0 Kauri Timber . .. .. 14 7 Australian Glass . . . . 4 14 9 Aus. Iron and Steel (pref.) 1 <i 0 Broken Hill Proprietary .. 318 0 Dunlop-Perdriau .. .. 0 17 3 Ditto (pref.) . . . . 114 0 Drug- Houses . . . . . 1 10 fl Electrolytic Zinc .. .. 2 4 9 Ditto (pref.) .. ~ 2 (> 0 0. J. Coles 3 18 « Hume Pipo . . .. . . 0 19 0 Sulphide Corporation . .. 0 Hi 6 Victoria Nyanza .. .. 0 12 9 Yarra Falls .. .. .. 2 0 (I Emperor . . ■ .. .. 015 2 Loloma .. .. .. 13 3 Mount Lyell . .. .. 110 0 Mount Morgan .. .. 0 14 8 North Broken Hill .. .. 9 13 0 Zinc Corporation .. .. 4 11 9

FOREIGN EXCHANGES STERLING DEPRECIATES British Wireless RUGBY, Oct. 6 The following rates on foreign exchanges are current, compared with the cabled quotations on October 5 and par: — Oct. (i Oct. 5 Par Montreal, dol. .. 4.!>0% 4.i)1% 4.SCO New York, dol. 4.1) 1 4.92% 4.80 Paris, fr. .. 305 30.".% 305 Brussels, belga. . 29.17% 29.21% 35100 Geneva, fr. .. 21.30 21.11 25.22 Amsterdam, 11... 0.25% 9.24 32.10 Milan, lire .. 93%. I 1)2 Berlin, r.in. .. 32.24 32.23% 20.43 Stockholm, kr... 30.39'/* 10.30% 18.151) Copenhagen, kr. 22.40 22.40 18.159 Oslo. kr. .. 10.1)0 1!M)0 18.150

Vienna, sch. .. 20% 20% 34.585 Prague, kr. .. 331% * 10-1.25 Ilelsingfors, mark 227 227 103.23 Madrid, pes. . . 55+ 55+ 25.221 Lisbon, escu. .. 110%, lloy, 8 110 Athens, dr. . . r»*>o*t 55()*t 375.00 Bucharest, lei... 075* 075* 813.0 Rio de Janeiro, m. 4%d 4%d C.B9Hd

Buenos Aires, pes. J 1 11.45 Montevideo, dol. 3S%d" SS'/sd* 51d Bombay, rupee.. lS%d lK'ed lttd Shanghai, d 01... 34"/,„d 14 ,1 /, o d Hongkong, dol. ll 3 % 3 d 14 7 / 0 d Yokohama, yen 14%* d 14d 24.58 d Batavia, fl. .. 0.21% 0.31% 12.10 Belgrade, din. .. 210 220 . 270.31

tNominal. "Sellers. JNot Quoted,

DIALINGS IN THE LIRA (Received October 7, 0.5 p.m.) British Wireless • RUGBY, Oct. 6 A feature of the foreign exchange market to-day was the resumption of dealings in the Italian lira at between 92 and 94. When the lira was last dealt in on September 25, the closing rate was 642.

NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, f on a New Zealand currency basis, subject to alteration without notice: — Selling: United States Canada On demand . . 3.03% 3.93% T.T 3.1)3% 3.92% On demand .. 3.!>5% 3.97%

Following arc tho latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They arc subject to alteration without notice: — To £.l N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. .. 3.03% 3.08 3.03% Canada,- dol. .. 3.03% 3.97% 3.03% Austria, sell. .. '21.135

Belgium, iiclgii 23.301 Denmark, kr. . 17.W)3 18.203 17.003 l-'rancc, fr. .. 84.00

Germany, r.rn. . 0.733 Holland. 11. . . 7.350

Italy, lire .. 74.03 -1.08 Java, fl. .. 7.338 Norway, kr. . . 3."".>01 10.241 15.001 Sweden, kr. .. 15.180 10.844 15.409

Switzerland, fr. 17.023 Noumea, fr. .. 82.72 Papeete, fr. . . 82.87

N.Z. pence to— Hongkong, dot. 18 25-32 18 1 /, 18 40-04 India, rupee .. 22 21-32 22 11-32 22 41-01 Ceylon, rupee . 22 21-32 2211-32 22 41-04 Japan, yen .. 17 33-04 Shanghai, do!. . 18 5-04 1 7 35-04 1 8 1-10 Singapore, dol. 35 13-04 34% 35 3-10 Tho cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: —

Present I'rico Par b d s d London, pounds .. 21 10.05 20 0.00 Australia, pound .. 10 Io.SL 20 0.00 Fiji, pound . . 22 5.00 20 0.00 New York, dollar .. 5 0.70 4 1.31 Montreal, dollar .. r> 0.80 4 1.31 Paris, franc . .. 0 2.84 0 2.81

Berlin, rcichsmark .. 2 0.30 0 11.74 Copenhagen, krone . . 1 1-33 1 1.22 Yokohama, yen .. 1 5.15 2 0.58

CUSTOMS EXCHANGE RATES Bates of exchange ruling at the announced dates of departure of vessels named are shown in the following table. They ;*re subject to confirmation by tho Customs Department when the exact timo of departure is learned. Finally declared rates are marked*:— Dessau, America, dollars .. .. *5.00 City of Brisbane, America, dollars F>.<Hi'/i Golden West, America, dollars .. 4.00 Hauraki, America, dollars .. .. 4.04% Benholm, America, dollars .. .. 5.05% Mangu Maru, Japan, yen .. .. ltd LONDON STOCK EXCHANGE BANK SHARES AND DEBENTURES LONDON, Oct. r; On tho London Stock Exchange Quotations of bank shares and other corporation debentures and stock compare with previous quotations as follows: — Sept. 22 Oct. 6 £sd £ s d Australasia . . 0 5 0 !> 10 0 New South Wales . 20 5 0 20 15 0 Union of AuVralia if 18 0 7 3 0 National of N.Z. .280 2 10 0 N.Z. Shares . . 1 15 0 117 0 N.Z. Loan A Merc., 4 p.c.. deb. .*BO 10 0 89 10 0 N.Z. Loan & Merc., ord 24 10 0 24 10 0 E., S. and A. .4 8 0 4 10 0 *Ex dividend. QUIETNESS OF MARKETS THE TONE CONFIDENT (Bccoived October 7, 0.5 p.m.) British Wireless RUGBY. Oct. 0 Tho London stock markets were quieter to-day, but the tone was confident, currency devaluations on tho Continent having cleared the air. British Government stocks were quieter following an announcement that the underwriting is about to take place for tho Manchester Corporation of a 3 per cent loan of £5,000,000. repayable 1958-63.