AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIV, Issue 22917, 21 December 1937, Page 9

AUSTRALIAN EXCHANGES

SYDNEY TONE STRONGER QUIET MELBOURNE MARKET (Received December '2O. S.rto p.m.) SYDNEY, Dec. 00 A more confident sentiment reported in oversea markets was reflected in a stronger undertone 011 the Sydney Stock Exchange to-day. The volume of business also was iniy-li greater ilia 11 during past weeks. A general steadiness characterised the market. Sales included:— .1 s (I Commercial Hank Australia . o 17 3 Dunk New Soun'i Wales . . 33 5 0 National Bank A'asia (.Lr>) . 7 3 0 Urion Bank . . . . !t :lo o Wim hcombe Carson .. 1 !•_' 1) Younshusbaml ~ ~ 1 14 0 Traders' Finance .. .. 1 4 o Howard Smith .. .-. l I 4'/ a Tooth's Breweries .. .. 'J I.'! (J Ditto .. .. .. •_> l.s !> Tooheys .. .. .. 1 j: Jo Associated News .. .. 1 ;s .| l /a Ditto . .. .. 1 a (i Ditt) (pref.) .. .. 14 0 Australasian Paper .. .. 1 It li Anthony Hordrrn .. .. o J'.i o Dido (pref.) .. .. 13 0 British Tobacco .. .. •_> jo <> Broken Hill L'ty. .. .. :i 1 3 Burns Philp .. .. •_> 15 Claude Neon . . . . •_> <1 {( Colonial Sugar .. .. -18 -j u Ditto as o 0 Dunlop-Perdriau .. ~ 1 '2 10" a Greater Williams .. .. o o o Lustro Hosiery (pref.) .. 1 a 0 Morris Hedstrom . . . . 1 7 o United Provisions .. • .. o 0 8 W. H. Carpenter .. .. -j. fl <1 Wool worths (Syd.> .. .. 10 0 Wunderlich .. .. 1 1 IVa Mount Mortran .. .. 010 8 Mount Lyell (ex div.) .. 111 o Sulphide Corporation . ~ 0 13 3 Ttawang Tin .. .. 0 10 4 Placer Development . .. 313 9 Emperor .. .. .. 0 PJ 5 Commonwealth Bonds.—3 3 i per cent, 1042, .€101; 1 per rent, 1041, £lO3 lOs; 1050, i' 101 1-_>S (id; 1057, £ 10-1; 1001, £lO4 17s0d. MELBOURNE EXCHANGE The Melbourne Exchange was very dull, with little variation in prices. Business inclflded:— .c s d Commercial Bank Australia . 0 17 3 Nat. Bank A'asia (£5) .. 7 0 0 Goldsbroußh-Mort . . . . 113 4'/ 2 Australian Paper Mfrs. (pf.) 1 5 3 Ditto (10s paid) .. .. 014 0 Broken Hill Pty. .. .. 3 4 0 Drus: Houses .. .. 10 0 Dunlop-Perdriau .. .. 13 0 Ditto (pref.) .. .. 1 17 3 Electrolytic Zinc .. .. '_! 8 0 Ditto (pref.) .. .. -2 10 (I Mount Morgan .. .. 0 10 7 Mount Lyell .. .. 1 It 0 North Broken Hill .. .. lit o Broken Bill South .. .. I Ki o Zinc Corporation .. 5 7 0 Emperor .. .. .. o 12 5 Lolonu .. .. .. 0 17 3

FOREIGN EXCHANGES NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, 011 a New Zealand currency basis, subject to alteration without notice: Selling: United States Canada T.T. .. .. -1.00"/,« 4.00 i y,« On demand .. 4.01% Buying: On demand . . 4.05% 4.05% 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 i'l N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dot .. 4.0055 4.0512 4.000.") Canada, dol. .. 4.0001 4.0530 4.0131 Austria, sell. . 20.97 Belgium, belga 23.519 23.001 23.530 Czecho'vakia, cr. 113.30 Denmark, kr. 17.H03 18.203 17.800 France, fr. .. 117.10 Germany, r.m. . 0.800 Holland, fl. .. 7.173 7.303 7.177 Italy, lire, .. 70.12 ■ — 70.17 Java, fl. .. 7.153 7.343 7.157 Norway, kr. .. 15.802 10.242 15.808 Sweden, kr. .. 15.402 15.817 15.108 Switzerland, fr. 17.270 17.045 17.275 Noumea, fr. .. 115.01 Papeete, fr. .. 1L5.00 X.Z. pence to— Hongkong. dol. 18 53-04 18 27-04 18 53-01 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 0-01 Singapore, dot. 35 13-04 34% 35 13-04 Cliefoo, dol. .. 18% Manila, peso . 30 5-32 20 9-16 30 5-32 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on tlio latest quotations, is as follows: Present Price Par s d s d London, pound .. 21 10.05 20 0.00 Australia, pound .. 10 10.81 20 0.00 Fiji, pound . 22 5.00 20 0.00 New York, doilar .. 4 11.73 4 1.31 Montreal, dollar .. 4 11.72 4 1.31 Paris, franc . .. 0 2.31 0 2.28 Berlin, reichsmark . 2 0.08 0 11.74 Copenhagen, krono - 1 1.33 1 1.22 Yokohama, yen . . 1 0.41 2 0.58

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: Kaimata, Canada, dollars .. .. 6.00 Kaiinata, America, dollars .. .. 6.01 Anhuit, America, dollars .. .. 5.00 Ctufuku Marti, Japan, yen .. i-jd Kent, America, dollars . .. 4.n0 Kent, Canada, dollars .. .. 5.00 Mariposa, America, dollars .. .. 6.00 Mariposa, Canada, dollars ~ ~ 4.uu NEW TOOHEY ISSUE PREMIUM OF 8/- A SHARE (Received December 20, 8.30 p.m.) SYDNEY, Dec. 20 The directors of Tooheys, Limited, brewers, have decided to issue 175,000 shares at a premium of 8s each in the proportion of one share for 10 held. The issuo will increase the issued capital of the com pan v bv £1)0,000 to £1,540,000 in 1,925,000 'JO.s shares. An issue of 250,000 16s shares at the same premium was made last March 011 the basis of one lor six. In the accounts lor the year ended Julv share premium account stood at £'loo,ooo. This was to be amalgamated with the reserve fund of £625,(XX).

NEW COMPANIES REGISTRATIONS IN SOUTH Registration of (hp following private companies iri Hip .south is contained in the .Mercantile Gazette:— Mangrovito Belting (NX), Limited (Wellington).—Capital: If.OOO into 0000 shares of i'l each. Subscribers: Sydney—C. Lndowici, I; JI. J. Lmlowici, I; E. Lmlowici, J; a! 11. Dettinann, 1; I>\ 11. Lmlowici, I; Manirrovite Belting, Limited, 4002. "Wellington - H. Lmlowici, 1; J. R. 13. Bennett, I; A. T. Young, 1. Objects: Manufacturers and dealers in leather, leather ,belting;. ITorsley (R. C.), I>imited (/"hristchnrch). — Capital: C.'iOOO into shares of CI each. Subscribers: R. C. ITorsley, 4000; J. ITorsley, 1. Object*: Lime and cement merchants. Eclipse Electrical Products, Limited (Dunedin).—Capital: AMOOO into 1000 shares of £1 each. Subscribers: Dunedin- —E. W. Hoy, 200; W. R. Don, 200; Jus. Dixon, 200; R. Hastings, 500; ,T. E. Hay. 200; W. j. Nichol. .'100; T. 11.I 1 . Cnddif, loo; ,T. Hainer, 200; D. A. Oreenslade, 1"«0; F. R. LouaTinan. 300; D. C. Jolly. 200; K. Cowie, 100; S. X. Brown, 1.V); K. M. Kydd, 100; A. Clark,. r>00; J. Ibister, 100. Waitahuna—A. V. Bacon, 200. Knitex, Limited (Wellington).—Capital: £IOOO into 1000 shares of i'l each. Subscribers: I'almerston North—Manawntu Knitting Mills, Limited, 3000; W. E. Winks, J. Hutrhes. O. I. McC.regor, T. A. Daley, 1 share each. Objects: To acquire the business noncarried on by Knitex, Limited (in liquidation) at Auckland.

STOCK EXCHANGE VACATION The New Zealand Stock Exchange will dose at noon on Thursday for the Christmas and Xcw Year vacation, reopening on January 11. The Sydney and Melbourne Exchanges will close from 1 p.m. on Thursday until January 5.