EXCHANGES REOPEN

New Zealand Herald, Volume LXXIV, Issue 22618, 5 January 1937, Page 5

EXCHANGES REOPEN

MAHKET IN AUSTRALIA WIDESPREAD ACTIVITY RISING TREND CONTINUES (Received January <l, B.:U> p.m.) SYDNEY, Jan. 4 The Stock Exchange reopened auspiciously alter the holidays with ample evidence of a rising trend in values. Beneficial rain in the country and the bright outlook lor wool consequent upon the settlement of the trade j dispute with Japan caused pastorals to strengthen. Commonwealth bonds were actively traded. Tin shares were firmer. Sales included:

Sulphide Corporation . .. 0 HI 0 Commonwealth Bonds.—!)'J per rent, IMIS, £!>.-, r>S; I per cents, IO.')8. £101; lIMI, £lOl I r,s; 1!MI, fHll :is it(l; 1017, jCIOI •_> s (!(l; 10.-,0, i.lOl :>S; lO.Vt, £lOl 1 Os; 10."..', .€100; 10.77, £IOO (is lid; 1!).")!), £IOO 7s (id; HKil, £lOl. MELBOURNE EXCHANGE On tlio Melbourne Exchange the bond market opened slightly easier, hut investments remained firm on quiet trading with a strong market for Harriers, Mount Lyells and Mount Morgans. Business included: —

FOREIGN EXCHANGES QUOTATIONS IN LONDON j British Wireless RUGBY, Jan. 2 The following rates on foreign exchanges are current, compared with the cabled quotations oil December 31 and par:— Jan. 'J Dec. 31 Par Montreal, dol.. . 4.00% -1.110% -1 ,s<iG New York, dol. 4.00% 4.Hi' „ 4.80 Paris, fr. .. 105 0-04 .105%, 105.00 Brussels, belga.. 20.1 P/j 20.12% 35.00 Geneva, fr. 21.37 I .:i~ 25.22 Amsterdam, gr. B.oo'/« 8.00% 12.10 Milan, lire .. 03% I*3 %* 02.00 Berlin, r.in. .. 32.10% 12.1!)% 20.43 I Stockholm, kr... 10.30% 10.30% 18.15!) Copenhagen, kr. 22.40 22.10 1 8.150 Oslo, kr. .. lli.HO 3 lt.lH> 18.151) Vienna, sch. . . 20% 20% M 1.585 Prague, kr. . . Mil'/, 140% 104.25 Helsingfors, mark 220% 2'20% 103.23 Madrid, pes. . . 55t 551 25.221 Lisbon, eseu. .. .110%,, 110%e 110 Athens, dr. . . 547% 547% 375.00 Bucharest, lei... O'JO 021) 813.(1 Rio de .Janeiro, m. 4%d 4%d 5.809U Montevideo, dol. 30% d* 3ny„d* Bid Bombay, rupee.. .18% s d 18%a(l 18d Shanghai, d 01... ll%d 14%(1 Hongkong, dol. 14 ,a /i«d 14 l % 8 d Yokohama, yen 13®%jd 13 a % a d 24.58 d Balavia, gr. . . 8.1)3% 8.03% 12.10 Belgrade, din... 213 213 270.31 Warsaw, zloty. . 20.00 20.00 43.38 tXominal. "Sellers. NEW ZEALAND QUOTATIONS The Associated Banks (other than tho 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 . . 3.1)4 3.03% T.T. . . . . 3.1)3' a 3.1)3/a Buying: On demand . . 3.08% 3.1)8 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: To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., do). . . 3.1)3% 3.08% 3.03';, Canada, dol. . . 3.!J3'/j 3.08% 3.1)4 Austria, sell. . 20.07 —• 20.01) Belgium, belga 23.200 Czecho'vakia, cr. 111.55 Denmark, kr. . 17.81)3 18.263 17.1)03 France, fr. .. 81.23 Germany, r.m. o.7'_'!i Holland, fl. .. 7.153 Italy, lire .. 71.74 Java, n. .. 7.113 Norway, kr. .. :15.81)1 10.241 15.001 Sweden, kr. .. 15.48!) 15.811 15.101) Switzerland, fr. 1 1.0,0 .Noumea, fr. . . N'J.mo I'apeete, fr. . . 83.01 X.Z. pence to—Hongkong, dol. 18 27-32 18 5-10 1853-04 India, rupee . 22 45-01 22 25-04, 22 11-10 Ceylon, rupeo . 22 15-04 22 25-04 22 11-10 Japan, yen .. 17 15-04 Shanghai, dol. 18 10(14 17 40-61 18 0-32 Singapore, dol. 35 13-04 31% 35 3-10 Chefoo, dol. .. 18 13-32 17 47-04 18 25-01 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, 011 the latest quotations, is as follows: — Present Price Par s d s d London, pound .. 24 10.05 20 0.00 Australia, pound . . 10 10.81 20 0.00 Fiji, pound . . . 22 5.00 20 0.00 New York, dollar ~ 5 0.7* 4 1.31 Montreal, dollar .. 5 o.s'J 4 1.31 Paris, franc . . . 0 2.82 0 2.28 Berlin, reichsmark . 2 0.48 0 1.1.74 Copenhagen, krono . 1 1.33 1 1.22 Yokohama, yen . . 1 5.32 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 are subject to confirmation by tho Customs Department when the exact time of departure is learned. Finally declared rates are marked*: — Canadian Constructor, Canada, dollars *4.88 Limerick, Canada, dollars .. .. *4.00 Limerick, America, dollars .. .. *4.01 PUKEKOHE PRODUCE [from our own correspondent] PUKEKOHE, Monday Following tho wet weather, locallygrown potatoes were available in increased suppiy to-day and were selling to a fairly keen demand at £5 a ton f.o.r. Pnkekohe, the price which has ruled since tho middle of December. Hundred-weight lots were at 5s Del. A banking-tip of orders for new season's onions during the wet weather led to fairly brisk business to-day in this line.* The price was £ll a ton. with small lots at 12s a cwt. Green peas brought 7s a sugar bag of about .'lOl b.; cabbages, 4s (id a largo sack; rhubarb, 3s 6d a dozen bundles; tomatoes, 5s 6d a. case^

e s d Bank Xew South Wales . . .'Hi ,"> ll Commercial Hanking Sydney •21 17 0 United Insurance HI l(i (l (lolclsbrough-Mort 1 1 Si HI Australian (las (A) . . 7 111 II Toohoys 1 1 1 :t Toot lis •J 17 0 Anthony Hordern o ]!> ! 1 Australian Gypsum .. 1 •2 (i Associated News 1 1 1 > British Tobacco !» !l Broken Hill Proprietary .. i :$ (> Ditto (new) ;< 1 1 0 Colonial Supar 12 0 Henry Jones 2 H 0 Drug Houses l S 0 Electrolytic Zinc '2 It <; Ditto (pref.) '2 1<> 0 David Jones '2 8 Mauri Brothers l.'i AV. K. Carpenter '2 5 0 Farmers 1 IS 0 Millaquin Suiiar <1 II John McGrath ., 1 <> Clifford Love •J .13 0 Edwards Dunlop (cx div.) .. 7 0 Victoria Nyanza 0 15 !> AVoolworths .. .. i. 7 17 0 Selfridpes 1 1ft 0 Mount Morgan 0 17 li Mount Lyell 2 *2 South BroKen Hill o U 0 North Broken Ilill 4 •2 (i Kuala Kanipar .. .. 0 1!) ft Rawang 0 1 1 (! Larut 0 1H 0 Placer Development. . •i IK fi New Guinea Ooldfields (1 •"> 1

s (1 Goldshrougli-Mort 1 IS !> Carlton Brewery a <> 1) Kauri Timber l 3 r, Australian Glass . . 4 1 1 o Broken Hill Proprietary . 4 3 3 DriiK Houses 1 7 ii Dunlop-Perdriau 0 18 0 Ditto (pref.) 1 13 n G. ,7. Coles 4 11) 0 Electrolytic Zinc 1 13 0 Ditto Ipref.) o IT) f) General Motors 1 3 !) Melbourne Electric .. 0 IS 0 Mount Morgan (1 17 ft Mount Lyell 2 1 O Soutti Broken Hill in <) North Broken Hill . 4 I) II Zinc Corporation .. 7 17 0 Tonsrkah Harbour .. 1 1 11 Emperor 0 ID Loloma 1 3 0