AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIV, Issue 22833, 14 September 1937, Page 5

AUSTRALIAN EXCHANGES

DRIFT IN INDUSTRIALS LEVELS AGAIN EASIER (Received September 13, 7.30 p.m.) SYDNEY, Sept. 13 Leading industrials continue to sag on the Stock Exchange, but the tone of the market is fairly bright. Mount Lyell shares and Barriers are steady. Gold shares were traded quietly. Business included:—

Commonwealth Bonds.—4 per cent, 1014, £lO3 ss; 1001. £lO3 17s fid. MELBOURNE EXCHANGE On the Melbourne Exchange the volume of business was light, with only minor fluctuations in the general, list of stocks. Sales included: —

FOREIGN EXCHANGES FRANC RECOVERS SLIGHTLY British Wireless RUGBY, Sept. 11 The following rates on foreign exchanges are current, compared with the cabled quotations on September 10 and par:—

NEW ZEALAND QUOTATIONS The Associated Banks (other tlian the Bank of New South Wales) quoted the following dollar rates yesterday, on a New-Zealand currency basis, subject to alteration without notice: — Sellincr! United SlatC3 Cnnada T.T a.HOVa 8.0*1%. On demand .. 3.U0% 3.1)7 Buying: Oil demand .. 4.01'/i, 4.01% 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: —

The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations,

CUSTOMS EXCHANGE RATES Finally declared rntes of exchange ruling at the date of departure of vessels named are shown in the following table: — Citv of Winchester, America, dollars .. 4.08 City of Winchester, Canada, dollars .. 4. * Port Nicholson. America, do law •• 4.18 Tort Nicholson. Canada, dollars .. 4. »» Aoransri, Canada, dollars . . • • • Aorangi, Aincricii, dollars •. • • BREACHES OF AWARDS COOK AND HER EMPLOYER [llY TELF.cnAMI —OWN COHHKSI'ONDENTI "WHANGAREI, Monday The proprietress and the cook of the Central Dining Rooms were both prosecuted by the inspector of awards, Mr. C. P. Collins, in the Police Court todav. Mrs. M. M. MeLelland was charged that as* proprietress she failed to'kecp a correct wages and time book in respect of the cook, Mrs. I. Coverdale, who was charged with signing an incorrect wages and time book. Mr. R. K. Trimmer, who appeared for defendants, entered a plea of guilty to b6th charges.

Mr. Collins said that Mrs. Coverdale was a somewhat domineering employee, and had tho opinion that the kitchen could not function without her assistance. That in a large measure was the cause of tho fact that overtflno was worked, and not all of it paid for. "The opinion held by Airs. Coverdale is not uncommon in a cook," said the magistrate, Mr. G. N. Morris, S.M. Tho inspector added that the Labour Department wanted a warning, but not necessarily a penalty, Tho magistrate convicted and discharged both defendants,

Commercial Banking Sydney £ s d 21 •t » Bank New South Wales .. National Bunk A'asia (JL'5) Union Bank . aa 0 U 7 (I 0 0 17 tl Wilcox-Mofllin 0 ia 10 Adelaide Steam Tooths 1 i-j r/a a us Ditt-o (N.Z. delivery) .. >2 id 0 Carlton a a ti Anthony Horderii .. 0 1!) i% Associated News I o 10'/j Ditto (pref) .1 a 0 Broken Ilill Pty. a :IH a Ditto* a 17 t) Burns-Philp (rights) . l 15 !) Colonial Sugar 47 12 (I Dunlop-Pcrdriau 1 a VA Ditto . . .. .. 1 o W/ 2 a Ditto (pref.) 3 IS Electrolytic Zinc .. 2 Jo (! Ditto . . .. .. 2 ir> a Ditto (pref.) o 1(1 0 G. J. Coles 4 17 a Ditto 4 J (J !) General Industries . .. 1 0 4Va Greater Williams .. 0 ft 0 Henry Jones . o 8 0 Farmers .. .. n It 3 Cash Orders . 0 IS 3 ft Hume Pipe i 0 4/2 Kandos Cement l 5 1) Morris llcdstrom i It) 0 Ditto 1 I) » Morts Dock (N.Z. delivery) . 0 11 7 Mauri Bros. . 3 12 0 Malleys 1 3 0 James Stcdman 0 17 3 Mount Mortcan 0 11 o Mount Lyell . 2 o 0 North Broken Hill a 14 0 Hawanc 0 11 11 Emperor 0 13 0

£ s (1 Commercial Bunk Australia 0 17 7 Rational Bank A'asia (.JL'5) . 7 o 0 Ditto U'lO) It l5 0 Golilsbroujfh-Mort 1 It 0 Yarra Falls 0 3 Felt and Textiles .. o 0 0 Jason Invest. Trust . I) 10 (> British Tobacco o 1) (i Broken Hill Pty. .. ii 3(1 0 Dunlop-Perdriau l o 7 0. J. Coles 4 10 0 General Motors 1 5 0 Electrolytic Zinc (1 11 (1 Ditto (pref.). o 10 a o Mount Mortran 0 11 Mount Lyell . o o 0 North Broken Hill 14 0 Broken Hill South o 7 9 Emperor 0 33 10 Loloma 1 3 0

Sept. ll Sept. 10 Par Montreal, dol. .. 4.IMM. •1.01% 4.800 New York, dol. 4.0 1/a 4.0 l"/u 4.80 I'yris, fr. i:«i i to% 1< >5.00 Brussels, belga.. Jo 1 /, 20.38 35.00 Ooneva, fr. 2 l .53 21 .53% 25.22 Amsterdam, gr. S.i HJ/8 .v.! 111% 12.10 Milan, lire !)! 01 02.00 Berlin, r.m. I 2.32'/ a .12 .32% 20.43 Stockholm, kr... 10.i!!>% . 10.30% 18.150 Copenhagen, kr. 22.10 22.40 18.15.1 Oslo, kr. 10.00 10.00 18.150 Vienna, sell. .. 20 y 3 20% 34.585 Pratruc, kr. iti% 141^ 304.25 Helsinorfors, mnrk 220% 220% 103.23 Madrid, pes. .. r>5t 55 t "5.'"'1 Lisbon, rscu. .. iioy 19 547% 3 1 547% 110 ~ Athens, dr. 375.00 Bucharest, lei... 070 070 813.0 Rio de Janeiro, in. 4%d* 4'/,d' 5.800d Montevideo, dol. 3o i y„d* oo'y.sd* 51d Bombay, rupee.. 1 8%d 1 8%d M 3 /,dt 18d Shanghai, dol... 11/idt — dol. 1 ">d 1 .->d — Yokohama, yen 1 Id ltd 24,58d Batavia, gr. .. 8.H7 8.07'/, 12.10 Belgrade, din... 210 210 270.31 Warsaw, zloty.. 20.21 20.21 43.38 'Sellers.

To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., tlol. .. 3.0053 •1.0000 3.0003 Canada, dot. . . 3.0080 •l.o rj.j n.oT'jo Austria, sch. .. 20.77 — 'JO.78 Belgium, bcltra •_>;i.i:n> •JI5.877 '_>3.5t 13 Czecho'vakia. cr. 112.00 — 1 13.01 Denmark, kr. . I7.s»3 1S.'J03 17.821!) France, fr. 1 10.81 — 1 10.88 Germany, r.m. . ».8"_'0 — 0.831 Holland. 11. 7 .J 7(1 7.3G0 7.180 Italy, lfre .. 7 ■ i <1 — 75.38 Java, fl. 7.1 15 7.335 7.110 Norway, kr. l.->.8»'J ld.'Jl'J 1.-.S08 Sweden, kr. 15.481) 15.844 15.11)5 Switzerland, fr. 17.'.'(IS 17.583 17.'J 13 110.13 ■Noumea, fr. .. 1 10.0!) — Papeete, fr. ., 110.01 — 110.(JS N.Z. pence to— Hongkong, dol. India, rupee .. Ceylon, rupeo . Japan, yen IS 1.1-10 22 21-32 •J 1 ] 21-32 17 33-04 18 13-32 22 11-32 22 11-32 1813-10 22 21-32 22 21-32 17 33-01 Shanghai, dol. Singapore <lol. Manila, peso . 18 7-01 35 13-01 30 17-01 31% 21) 43-04 35 13-04 30 17-04

is as follows: — Present Price Par H d s d London, pound . Australia, pound . Fiji, pound . New York, dollar . . 21 . 311 <>•> 10.(15 10.81 n.mi 0.37 20 20 20 4 0.00 O.OO 0.00 1.:n 1 .HI o 0|5 11.74 1.2'J O.o8 Montreal, dollar Paris, frami • Berlin, reichsmnrk 0 . !2 0.15(1 n jo 5/22 i .:J:I 6.41 4 0 0 Copenhagen, krone 1 2 Yokohama, yen 1