AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIV, Issue 22864, 20 October 1937, Page 11

AUSTRALIAN EXCHANGES

OVERSEAS INFLUENCES MANY ISSUES LOSE GROUND (Received October 30, 8.45 p.m.) SYDNEY, Oct. If) A distinct weakness was again evident on the Sydney Stoek Exchange in metal stocks owing to the sharp break in the Now York market. Only minor price changes occurred among industrial issues. Sales included: —• £ s d

♦Nominal. 'Sellers. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dolla? rates yesterday, on a New Zealand currency basis, subject to alteration without notice:— Selling: United States Canada T.T. ... .. a.nT 7 /,, 3.07 3 /,, On demand .. 3.07 l % 9 3.U~'/ ie Buying: On demand .. <f.o2Vio 4.01' i

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., dol. .. .1.1(7-11 <l.Ol Si) 3.0784 "Canada, dol. . . 3.9730 <1.0175 .*1,0770 Austria sell. . . 20.87 Belgium, belga 23.521 23.909 23.535 f'zecho'vakia, cr. 11-J.SO Denmark, kr. . 3 7.80.3 18.203 3 7.899 Frame, fr. .. 110.78 Germany, r.m. . 0.815 Holland, n. .. 7.150 7.310 7.100 Italy, lire .. 75.."3 Java, n. .. 7.133 7.323 7.137 Norway, kr. .. 3 5.801 10.211 35.807 Sweden, kr. .. 35.180 35.811 15.105 Switzerland, fr. 17.223 17.508 17.228 Noumea fr. .. 115.53 Papeete, fr. .. 115.58 N.Z. pence to— Hongkong, dol. 18 53-01 18 27-01 18 5301 India, runeo .. 22 21-32 22 11-32 22 21-32 Ceylon, rupee . 22 21-32 22 11-32 22 21-32 Japan, yen .. 17 3.3-01 Shanghai, dol. 3 8 11-01 - Singapore, del. 35 1.3-04 34% 35 13-01 Chefoo, dol. .. 18 15-01 Manila, peso . 30 25-01 20 01-Gl 30-5-61 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: —• Present Trice Par s d k d Jjondon pound .. 21 10.05 20 0.00 Australia, pound ~ 3 0 Fiji, pound . .. 22 ;>.<>o 20 0.00 New York, dollar .. 5 0.10 4 3.31 Montreal, dollar .. 5 0.24 4 1.31 Paris franc . .. 0 2.0-> 0 -.-8 Berlin, reichsmark . 2 0.18 0 31. <4 Copenhagen, krone . 3. 1.33 1 1.-'-Yokohama, yen .. 1 5.41 I O.os CUSTOMS EXCHANGE RATES Finallv declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: — Australind, America, dollars .. .. 4.05 Austraiind, Canada, dollars .. .. 4.0.) Brisbane Maru. Japan, yen .. .. Md Kozan Maru, Japan, yen .. .. lid GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Oct. 18 Fine gold is quoted to-day at £7 Os 4,Jd an o/,., compared with £7 on Saturday. Silver is quoted at 20d an oz., spot, and Ifljd forward, compared with 19 1 o-lOd and 19Jd on Saturday. The quotation for silver at per fine o/.. is 21 9-10 d, same as on October 15. The following is a summary of the fluctuation in the price per ounce of line gold this year:— £ s d Highest price, March 0 ..7 2 7'/i Lowest price, August 10 .. 010 3V 2 October 12 . . . . ..7 0 4 '/ a October 13 , . .. ..70 4 October 14 . . . . ..704 October 15 . . . . .7 0 4'/ a October 10 .. .. ..700 October 18 . . . . ..7 0 4%

FARMERS' TRADING CALL The directors of the Fanners' I fading Company, Limited, have decided to make a second call of 2s a share on tho 14,919 shares allotted on March 17. The call is due on October 30*

Commercial Banking Sydney 21. 1 (i Ditto 'J 1 3 0 Commercial Bank Australia <> 17 (i Bank New South Wales . . 31 O 0 Union Bank !» 13 0 Wileox Mofflin , 0 1 1 0 Goldsbrough-Mort It 0 Adelaide Steam. 1 12 0 Australian Gas (A, old) 7 .S 0 Ditto (B) . . 7 8 0 Tooths Breweries o i r» 0 Ditto - It 0 Tooheys .! T 11 0 Colonial Sugar . .-17 2 (i Drug Houses i (i 1% Dunlop-Perdriau i 2 -1% Electrolytic Zinc o VI (i Ditto (prof.) 2 15 0 Farmers' 1 13 (i Anthony Ho.-dern 0 IS 10% Associated News (pref.) 1 3 0 Australian Glass •1 11 0 British Tobacco o 8 !> Broken Hill Proprietary a 17 0 Ditto a 17 a Burns, Pliilp 2 18 0 G. J. Coles .. •t It 0 Henry Jones 2 8 0 Mauri Bros. '. ! 3 8 0 Morts Dock .. 0 10 11 Meggitts 1 It 0 Newbold Brick 1 15 0 Sargents 1 H 0 Standard Cement 0 17 0 Stedman O 15 0 United Provisions 0 7 (i W. R. Carpenter 2 0 0 Mount Morgan !! o 10 7 Mount L.vell I 18 0 New Broken Hill . . o 1 1 3 North Broken Hill .. o 10 0 R'awang Tin . i! o JO tl Larut 0 10 0 Placer Development a 9 3 Emperor 0 11 8 Common weal tli Bonds.— 4 per cent, 1938, £ 102 "2s (id; ltftl, £ 102 1 7s (id ; 10 I t, £ 101 18s Od; 1057, £101 is Od; ; 1001, £103 10s. MELBOURNE EXCHANGE With renewed selling in New York, the Melbourne market developed an irregular tone. Lower prices were rej corded in loading industrial .stocks and j base metal issues, in expectation of the ' Loudon market being weaker - 10- | morrow. Business included:— .c s d ! Commercial Bank Australia (I 17 o 1 Bank Australasia it 5 0 S Nat. Bank A'sia (£5) 7 t 0 Goldsbrough-Mort 1 It 0 1 Australian Glass 4 10 0 British Tobacco 2 8 0 Broken Hill Pty. !! :! Hi 0 Cox Bros. 0 17 0 Duulop-Perdriau l 2 -1 Ditto (pref.) l 17 3 Felt and Textiles .. 2 1 0 Electrolytic Zinc , , o 11 0 Ditto (pref.) 2 13 !) General Motors 1 5 3 Herald and Times . . 3 5 0 Victoria Xyanza 0 18 0 Mount Morgan 0 10 7 i Mount Lyell 1 17 7% North Broken Hill .. 2 IS (i Broken Hill South .. '.! T 1!) 7% Emperor 0 1 1 (i Loloma 0 17 U FOREIGN EXCHANGES FRANC STRONGER AGAIN British Wireless RUGBY, Oct. IS The following rates on foreign oxchanges are current, compared witli the cabled quotations on October 1G and par:— Oct. 18 Oct. in Par Montreal, dol. . . <1.1)5% 4.i).vy ia 4.800 New York, dol. 4.!)5% •t.!t(i 4.8(1 Paris, fr. .. 1 117/4 105.00 Brussels, belga . . 20.-11 •_>!). 13 35.OO Geneva, fr. .. 2 1 .55 21 .."».V/ 4 25 Amsterdam, gr. Mio% 8.! >7% J2.10 Milan, lire .. !l l'/ t 01% !)•_'.()(> Berlin, r.m. .. 11% 12 .Ho 20.13 Stockholm, kr... 1;5!i' 3 l!l.3!)% 18.15!) Copenhagen, kr. 22.10 22.10 18.1511 Osio, kr. . . Jit.no 1 18.15)1 Vienna, sch. .. 20% 20% 34.585 Prague, kr. 111% 1 11 101.25 Helsingfors, mark 'J'Jii/i 22( i'/s 103.23 Madrid, pes. .. 55+ f).".t 25.22 L Lisbon, escu. .. J K'Tio i io% l8 110 Athens, dr. .. 517% 517 "a 375.00 Bucharest, lei.. . 072% (i72% 813.0 Rio de Janeiro, m. -1 %d * 4/4(1" ft.SOUd Montevideo, dol. 3!)'%»d* 30 ia /, e d* old Bombay, rupee.. J<s%d lSV'ad 18d Shanghai, dol... Ity lo d 1 t/'.«d Hongkong, dol. 15<1 1 od _ Yokohama, yen ltd 1 Id 2t.5«d Batavia, gr. . . 8.05 8.05 12.10 Belgrade, din... 210. 210 270.31 Warsaw, zloty.. 20.21 20.21 43.38