AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIV, Issue 22853, 7 October 1937, Page 7

AUSTRALIAN EXCHANGES

METALS AT LOW EBB INDUSTRIALS IRREGULAR (Received October fl, 8 p.m.) SYDNEY, Oct. 0 Heavy selling of base metal shares on the Sydney Stock Exchange , to-day forced Mount Lvclls and Barriers down to the lowest levels of the year, while among industrials there was an irregular trend, with less activity than yesterday. Sales" included:

13 , , „ £ s (I Hank of New South Wales . 33 7 fl Bank of Adelaide (19 0 Commercial Banking Sydney 2o 0 () • Dalgely .. .. .. 30 0 0 Howard Smith .. .. | o 7% Huddnrt-Parker . . . . 2 3 o Ditto . . . . o <_> o Tooth's Brew cry .. .. 2Hi 0 l>it to . . . . 2 1 !) Associated Newspapers . . 13 0 Berlei . . . . •_> o o British Tobacco . . . . . 2 S 0 Broken Hill Proprietary .. 3 17 (i Burns Philp (South Sea) .. 310 0 Claude Neon .. . . 2 to o Dunlop-Pcrdriau .. .. 1 2 1! Ditto .. .. 12 4% Ditto (pref.) .. .. J IS! 7% j Felt and Textiles .. . . 2 3 !) General Industries .. .. o in 3 I Henry .tones .. .. 210 <i I Kandos Cement .. .. To 10% Mauri Brothers . . . . .'(SO Moris Dock . . 0 11 0 Standard Cement (N.Z. del.) 0 17 .'5 Taranaki Oil . . . . 0 7 1 ! Wilcox MofTlin .. .. 011 It Broken Hill South .. .. 2 3 0 Ditto 2 0 0. ; Emperor .. .. .. 011 tl Mount Lyell . . .. 2 0 0 i North Broken Hill .. .. 3 3 3 i Placer Development . . . 3 12 0 Commonwealth Bonds.—l per cent, 1938, f |u| iss })d ; 1041, 1102 8s !>d; 11)14, i £lO3 lis Mil; 1U IT. £lOl Iss; 1050. £lO2 7s (id; 1953, £lO2 7s (id; 1957, £lO3 12s (Jd; j J out, XIO2 ss. MELBOURNE EXCHANGE | On the Melbourne maVkefc leading industrials and base metals were marked down sharply, following the fall 111 metal prices and 011 the New York market. .Business included:— £ s d Commercial Bank Australia . o 17 4 j Nat. Bank A'asia. (£5 pd.) 7 2 0 Ditto (£lO paid) . .. 14 5 0 Goldsbrough-Mort .. .. 111 0 1 Yarra Falls .. .. 2 0 0 Howard Smith .. .. 1 0 » ' Kauri Timber . . .. 12 0 Broken Hill Proprietary . . 317 3 i Cox Brothers . . . . 0 18 0 Drug Houses .. . . 10 3 I Dunlop-Pcrdriau . . . . 12 4 Electrolytic Zinc . . . . 213 3 Ditto (pref.) . . . . 2 3 5 0 Felt and Textiles . . . . 22 0 I C. J. Coles 414 3 Htime Pipe (Aust.) .. .. 10 1 Taranaki Oil . . . . O 7 3 Broken Hill South . . . . 2 0 O Emperor . . . • • • 0 1131 Loloma . . . . • • 0 3 0 " Mount Lycll • . • • 20 0 Mount Morgan . . . . 0 1 () <~> Nortli Broken Hill . . . • 3 3 0 LONDON STOCK EXCHANGE BANK SHARES AND DEBENTURES LONDON. Oct, 5 | On the London Stock Exchange | quotations of bank shares and other | corporation debentures and stock compare with previous quotations as follows: — Sept. 21 Oct. 5 £ s d £ s <1 I Australasia .. 8 1 ; 1 ! > &45 0 jE„ S. and A. .. 4 8 0 4 9 ti j Union of Aust. .. 7 8!) 7 •> 1/i I New South Wales 2fl 10 0 20 0 0 National of N.Z. . 2 4 (! - 4 0 ! N.Z. Shares .. 1 14 0 1 3 4 (i British Tobacco .. I IS 0 1 17 fl ; Goldsbrough-Mort . 1 8 1) 1 0 (J Dalgety . . . . S 2 0 S 0 0 jP.& 0. Deferred 1 0 10% 17 3 I N.Z. Loan & Merc., 4 p.c. deb. .. 91 0 0 93 0 0 I N.Z. Loan & Merc.. ord. . . . 2f> 0 0 25 0 0 HOARDERS BUY GOLD LONDON, Oct. 5 Gilt-edged : ;curities were the only exception in a dreary day 011 the stock markets. Hoarders were heavy buyers of gold, of which the day's sales were over £'1,000,000. However, in spite of the rising gold price, gold shares sagged. FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless RUGBY, Oct. 5 The following rates on foreign exchanges are current, compared with the cabled quotations on October 4 and par:— Oct, 5 Oct, 4 Par Montreal, dol. .. 4.!)•'>'/,„ 4.95% 4.800 New York, dol. 4 .t>s% o 4.95%« 4.80 Paris, fr. .. 150 150% 105.00 Brussels, belga.. 2i>.38% 20.12 35.00 Geneva, fr. . 21.52' a 21..">0 25.22 Amsterdam, gr. 8.95% 8.90% 32.10 Milan, lire .. ilty I 0 UiV lH 02.00 Berlin, r.in, .. 32.32% 32.31% 20.43 Stockholm, kr... 39.39% 10.39% 18.159 Copenhagen, kr. 22.40 22.40 18.150 Oslo, kr. . 19.00 30.00 38.150 Vienna, sell. .. 2(>% 2(i% 34.585 Prague, kr. .. 341% 34 1% 101.25 Helsingfors, mark 220% 220% 103.23 Madrid, pes. .. 551 551 25.221 Lisbon, cscu. .. 110 3 /,, 110y, 9 110 Athens, dr. . . 547% 54 7% 375.00 Bucharest, lei... 072% 072% 813.0 Rio do Janeiro, in. 4%d* 4%d* 5.890(1 Montevideo, dol. 3oy, B d* 30y,„d* 51(1 Bombay, rupee.. 18% d 18%<I 18(1 Shanghai, d 01... 14 %d 1 l%d Hongkong, dol. 15(1 35d Yokohama, yen 33 03-Oldlld 21.58(1 Batavia, gr. .. 8.93% 8.01 32.10 Belgrade, din... 210 210 270.31 Warsaw, zloty. . 20.38 20.13 43.38 tNominal. 'Sellers. NEW ZEALAND QUOTATIONS The Associated Banks (other than the j Bank of New South Wales) quoted the j following dollar rates yesterday, 011 a { New Zealand currency basis, subject to alteration without notice: Selling: United States Canada '1 .T . . 3.97 3.97 On demand . 3.97% 3.97% j Buying: On demand . . 4.01%„ 4.01 1, / ln 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 CI N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. . . 3.9008 4.(1144 3.9738 Canada, dol. . . 3.9709 4.0154 3.9719 Austria, sell. , . 20.79 Belgium, belga 23.500 23.885 23.511 Czecho'vakia. cr. 312.81 Denmark, kr. . 3 7.893 3 8.203 17.890 France, fr. .. 320.12 Germany r.m. . 9.833 Holland, fl. .. 7.119 ,7.330 7.153 Italy, lire .. 75.47 Java, fl. .. 7.321 7.311 7.VJ5 Norway, kr. .. 35.801 30.211 15.897 Sweden, kr. .. 35.480 15.814 35,195 Switzerland, fr. 17.200 17.58 L 17.211 Noumea, fr. .. 118.87 Papeete, fr. .. 138.92 IIS.OO N.Z. pence, to— Hongkong, dol. 38 53-04 1827-01 18 53-04 India, rupee .. 22 21-32 22 11-32 22 21-32 Ceylon, rupee . 22 21-32 22 11-32 22 21-32 Japan, yen . . 17% Shanghai, dol. 18 23-01 Singapore, dol. 35 13-04 34% 35 13-04 Chefoo dol. .. 18 25-04 Manila, peso . 30 3-10 29 19-32 30 3-10 j The cost in New Zealand currency of the pound sterling, and of the principal i overseas units, 011 the latest, quotations, is as follows: — Present Price Par s d s (1 London pound .. 24 30.(55 20 0.00 Australia, pound .. 39 10.81 20 0.00 Fiji, pound . .. 22 5.00 20 0.00 New York, dollar .. 5 0.23 4 1.31 Montreal, dollar .. 5 0.25 4 1.31 Paris, franc . 0 1.08 0 2.28 Berlin reichsmark . 2 0.21 o 11.74 Copenhagen, krone 1 1.33 1 1.22 Yokohama, yen . . 1 0.38 2 0.58

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling in the date of departure of vessels named are shown in the following table: —•

Aiitrio Canadian. Canada, dollars .. 4 Westmoreland, America, dollars .. 4.0b AVcitmorelaud, Canada, dollars ..