AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIV, Issue 22726, 12 May 1937, Page 7

AUSTRALIAN EXCHANGES

FTJIiTIIEIt RISE BY COLES BUSINESS DEVELOPMENT (Received May 11, 7.55 p.m.) SYDNEY, May 11 On the Sydney Stock Exchange today further weakness developed in Commercial Banking of Sydney shares.

Commonwealth Bonds. —1 per cent. 1038, £ 102 J (Is; 1941, £10?$ 7 s G(l; lull, ,€lOl 15s; I!M7, .€lOl 10s; 1950. tlOl 12s (id; 19->3. £102; 3955, £'lo2 58; 1057, £lO2 10s; 1050, £IOO Kis 3d; lO'll, >: 100 3s Od. MELBOURNE EXCHANGE On the Melbourne market, G. J. Coles continue to be in good demand. The directors have announced the probability of a working agreement with Wool worths. There was some marking down of stock, particularly Barriers, due more to a disinclination to trade in view of tlio approaching holiday than to weakness. • Business included: — £ s <1 .Commercial Bank Australia . O 10 (> Nat. Bank A'asia (£5 ltd.) . 7 17 0 Australian Glass .. .. I 15 u Anst. iron and Steel (pf.) . 17 0 Aust. Paper Manufacturers (rights) . . . . 0 2 0 Broken Hill Proprietary .. J -1 0 Drup: Houses .. . . 17 3 Dimlop-l'erdriau . . . . 115 Ditto (pref.) . . . . 115 0 Electrolytic Zinc (ord.) .. 218 3 G. J. Coles 5 11 0 Silvcrton Trams .. 1 IB G • Broken Hill South .. .. 2 10 0 Emperor . . • • • • 0 30 10 Loloma . . ■ ■ • • J OJ< hi Mount Lyell .. .. •• '-7 0 Mount Morgan . . . . 0 l r > ~ New Broken Hill . . • • oin 3 North Broken Hill .. • • 315 3 FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless RUGBY, May 10 The following rates _on foreign exchanges are current, compared with the cabled quotations on May 8 and par:—

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 .. 3.00% 3.05 Mi T.T 3.05/b 3.05 On demand .. 4.00 11-10 3.09% Following are the latest rates for purchases and sales of foreign exchange quoted bv the Bank of New South Wales, Auckland. They are subject to alteration without notice: —

Tlic 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 sd s d London, pound .. -1 30.03 20 0.00 Australia, pound .. 10 10.81 20 0.00 Fiji, pound .. 22 5.00 20 0.00 Now York, dollar .. 5 0.10 4 1.31 Montreal, dollar .. 5 0.58 4 1.31. Paris, franc .. 0 2.71 0 2.28 Berlin, reiclnnark .. 2 0.01. 0 11.7 1 Copenhagen, krone 1 1.33 1 J .22 Yokohama, yen . . 1 5.4 L 2 0.58 CUSTOMS EXCHANGE RATES Kates 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. Finally declared rates are marked*: — Mariposa, America, dollars .. .. *4.04 Mariposa, Canada, dollars .. .. *4.01 CALL AND DIVIDEND LIST Dividends— Due Mosgicl Woollen —int., 4 p.c,. . . To-morrow National Ins.—int., hi a share May J5 E., S, and A. Bank —int., 3% p.c. (sterling, less British income tax) .. .. .. May 15 Alexander—ls a share .. .. May 17 D lined in Brewery—final, 3 I A p.c. May 10 Dalgety—int., 3s ftd (sterling) a share (less British income tax) . . . . . • ■ May 19 N.Z. Newspapers—final, 8d a share . . . . May 10 Donaghy's Rope—final, Is 3d a share May 21 N.Z. Paper Mills—final, 4 p.c. May 22 Argo—ld a share . . . . May 21 Nat. Bank A'asia—final, 3 p.c. May 20 Selfridges (Aust.) —0 p.c. p.a. May -27 Bank N.S.AV. —quarterly, Os a share . ■ • • • • May 28 Westport Coal—int., (id a share May 28 Farmers' Trading Co.—prcf., final A and B, 5 3-5 p.c. p.a.: C, 5 p.c. p.a. . . . . May 31 Lewis Eady—pref., 3 p.c.; ord., r, p.c. .. .. .. June 1 Imperial Chemicals —ord., final, 5Vi p.c. . . • • • • .Tune 1 Henry Jones—int., Od a sharo June 1 Addison's Flat—lop.c. .. June 1 Broken Hill Ply.— half-yearly, is 3d a share fully paid; lod a share contributing . . Juno 2 Waihi Junction —4d (sterling) a * share . . . . June 4 Dominion Fertiliser—s p.c. . . June 0 Placer Development—int., 00 dollars a share . . . . June 10 Bulolo —int., 1 dollar 50 cents a share . . . . . . June 10 Bank N.Z. —final, Is a sharo . . June 11 Broken Hill Sth.—l.s 3d a share June 18 Mt. Lyell—int., Is lid a share June 21. Wilsons Cement —final, Od a I share . . . . . . Juno 23

Calls — Broken Hill Ply. (con.) —5s a share .. ... June 30

Sales included: — L' K d Bank Now Smith Wales ns r (i Commercial Banking Sidney •j j lb () Toohey's Brewery i 1:5 :i Tooth's 17 !) Anthony Hor'lern l L ■1! Australian Class t 15 :i Berlei i 1!) :i Broken Hill l.'ty. (new) :! IS ft Burns, riiilp 12 <) Colonial Susar •in n 0 C. J. Coles ,*> l.'l <> Ditto (N.Z. deliv j 5 13 G 7>i1 to 5 It 0 Ditto r> 15 0 General Industries l 0 (i ,1. St ed man 0 :I7 0 Lustre Hosiery :i •j <•> Moris Dock .. 0 T-> in Standard Cement 0 Hi (> Taranaki Oil 0 I 11 Larut Tin 0 10 0 Mount Kasi 0 7 :5 Placer Development •i 15 0 Ttawanp Tin 0 1 L 10

May 10 May S Par Montreal, (iol... 4 .*> — ll /18 1 ,!>2 7 / i6 •1.800 New York, do!. •J .1)3% <i.»3% •1.80 Paris, fr. i 1 o 100 a %a 105.00 Brussels, bclga. • 2.0.27 20.22% 35.00 Geneva, fr. -1 i Yi 21.58 25.22 Amsterdam, gr. 8.!I0% S.!)!)/a 12.10 Milan, lire ! w i y, a 1)2.00 Berlin, r.111. 12.28V* I !i.21V2 20.43 Stockholm, kr.. . IShOO'/a l!J.:!!)'/a IS. 15!) Copenhagen, kr. 2'2.10 22.-10 18.150 Oslo, kr. 1!).!>0 1 9.00 18.15!) Vienna, seh. 20 Va 2(iVa 34.585 Prague, kr. HI 1 '/.. 14 1 "/to 104.25 Helsingfors, mark 22(i/a 220% 103.23 Madrid, pes. .. 551 55t 25.221 Lisbon, escu. . . no 3 /,. no 3 /. llO Athens, dr. 517V 3 517% 375.00 Bucharest, lei... 072Va 072/a 813.0 Rio de Janeiro, m. ■l'/id 4'Ad 5.800d Montevideo, dol. 30%d* 3! )%d * Old Bombay, rupee . . 3 S/ad ISVad isd Shanghai, dol... ii l v ie d 11 'Vied — Hongkong, dol. M l6 /iod 14"/ 16 d 24.5Sd Yokohama, yen lid l-ld Batavia, gr. .. H.OO'/a 8.07 32.10 Belgrade, din... 215 215 270.01 Warsaw, zloty. . 20.03 20.03 43.38 * Sellers.

To jEJ N.Z.T.T. On Demand Currency Selline: Buying Selling: U.S.A., dol. . . 3.0570 4.0071 3.0020 Canada, dol. . . 3.0503 3.0078 3.0553 Austria, sell. . . 20.08 — 20.70 Belgium, belsa 23.375 — 23.380 Czceho'vakia, cr. 3 12.01 — . 112.90 Denmark, kr. . 17 .803 18.203 17.003 France, fr. 88.32 — 88.30 Germany, r.m. 9.700 —. 11.801 Holland, n. .. 7.177 — 7.181 Italy, lire 7 5.2 L — 75.20 Java, fl. 7.1 15 — 7.1 10 Norway, kr. . . 15.802 10.242 15.002 Sweden, kr. . . 15.101 15.810 15.501 Switzerland, fr. 17 .'2-13 —• 17.250 Noumea, fr. . . 80.05 — 8/ .01 Papeete, fr. . . 87.10 — 87.10 N.Z. ijcnc.o to— 18 25-32 Honp;kong, dol. 18 51-61 1817-04 India, rupee . . 22 21-M2 22 11-32 22 41-01 Ceylon, rupee 22 21-32 22 11-32 22 11-04 Japan, yen . . 17 15-32 — 17 20-0-1 Shanghai, dol 18 1 VMM 17 10-01 18 0-32 Siiurapore, dol. 35 13-OJ 34 % 35 3-10 Chefoo, dol. 18 13-32 17 17-04 18 25-04 Manila, pesos 30% 20 23-32 30 23-04