AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22963, 15 February 1938, Page 7

AUSTRALIAN EXCHANGES

THE MARKETS LISTLESS TENDENCY AGAIN EASIER (Received February 11, 8.10 p.m.) SYDNEY, Feb. 11 The investment market on the Sydney Stock Exchange to-day was listless pending receipt of advices from overseas buyers. There was an easier tendency all round. Sales included:— £ s d Commercial Bunking Sydney 'JO 1 0 Ditto 20 O O Nat. Bank A'asia (£10) .. 11 11 0 Commercial Bank Australia 0 l(i f) E., S. and A. Bk. (N.Z. del.) 5 4 0 Bank Australasia .. .. 1L 0 0 Tooth's Breweries . . . . -15 3 Carlton .. .. .. 3 V 0 Associated News . . . . 12 4% Ditto 1 - *1 Ditto (pref.) .. .. 1 1 9 Australasian Paper .. .. I 32 <i Anthony Hordern .. .. 018 9 Australian Gypsum .. .. 1. 2 0 Australian Glass .. .. 4 11 0 British Tobacco .. .. 2 111 0 Bradford Cotton . . . . 2 0 0 Broken Hill Proprietary .. 3 13 Ditto 3 0 0 Cash Orders . .. .. H 17 (i Colonial Sugar .. .. <1(1 12 <1 Dunlop-Perdriau .. . . 1 3 <> Ditto (pref.) .. .. 118 10% Electrolytic Zinc. . . . . 'J 7 0 General Industries .. .. 0 1!) 10% Hume Pipe .. .. .. • 1 1 3 Henry Jones . . .. .. 2 ft 3 James S'tednian .. .. 0 15 0 J. McGrath 2 0 0 Kandos Cement .. .. 1 0 3 Ludowici . . . . .. 14 0 Mark Foy .. .. ..'133 Standard Cement .. .. 010 fi Traders Finance . . .. 1.40 Woolworths (Sydney) .. 15 3 Mount Morgan .. .. 0 S 11 North Broken Hill .. 2 0 6 . Broken Hill South . .. 1 12 0 Zinc Corporation .. .. 4IS () Rawang Tin . .. .. 0 0 1 Commonwealth Bonds.— 4 per cent. 1038, JCHII Kis 3d; 1011, £lO3 ISs Od; 1!>17, £ 105 10s; 1061, .CIOS 2s <id. MELBOURNE EXCHANGE On the Melbourne Exchange industrial prices were steady, but banks were inclined to ease. Barriers were dull and other mining issues steady. Business included: — ,€ s d Nat. Bank A'asia (£5) .. 7 4 0 Ditto (£10) .. .. 11 12 0 Goldsbrough-Moct .. .. 1110 Carlton Brewery .. .. 3 6 0 British Tobacco .. .. 2 10 0 Broken Hill Proprietary .. 3 0 fl Dunlop-Perdriau .. .. 13 5 G. J. Coles 3 17 0 Mount Lyell 1 9 » Broken rfill South .. .. 112 0 North Broken, Hill .. .. 210 0 Zinc Corporation .. .. 410 0 Emperor . . .. .. 0 114 . Loioina . . . . . . 018 8 FOREIGN EXCHANGES 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 T.T 4.02% 4.02% On demand .. 4.02 ia / ie 4.02% Buying: On demand . . 4.00/4 4.0G i y t » 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 fI'N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. . . 4.023!) 4.0(180 4.0271) Canada, dol. .. 4.0237 4.0082 4.0277 Austria, sch. . . 20.05 —' 20.96 Belgium, belga 23.030 24.02; 23.047 Czecho'vakia. cr. 113.71 Denmark, kr. . 17.803 15.203 17.SO!) Finland, fin. ms. 17!).15 185.35 170.25 France, It. . . 120.70 Germany, r.m. . 0.000 Greece, drachmas 420.51 Holland, fl. .. 7.158 7-318 7.102 Italy, lire .. 70.15 Java, fl. .. 7.133 7.323 7.137 Norway, kr. . . 15.802 10.212 15.808 Sweden, kr. .. 15,10.5 15.818 15,10!> Switzerland, fr. 17.270 17.010 17.2 <5 Noumea, fr. .. 110.45 .Papeete, fr. .. 110.50 N.Z. pence to— Hongkong, dol. 18 53-0-1 18 27-64 18 53-01 India, rupee .. 22 21-32 2211-32 22 21-32 Ceylon, rupee . 22 21-32 2211-32 22 21-32 Japan, yen .. 17% Shanghai, dol. 18 0-64 Singapore, dol. 35 5-32 34 37-64 35 5-3'2-Chefoo. dol. .. 18% Manila, peso . 30 1-16 2015-32 30 1-10 The 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 London, pound ..21 10.05 20 0.00 Australia, pound .. 19 10.81 20 0.00 Fiji, pound . .. 22 5.06 20 0.00 New York, dollar 4 11.40 4 1.31 Montreal, dollar .. 4 11.53 4 1.31 Paris, franc . .. 0 1.05 0 2.28 Berlin, reichsmark . 2 0.07 0 11.74 Copenhagen, krone . 1 1.33 1 1.22 Yokohama, yen .. 1 5.41 2 0.5S

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: — Canadian Constructor, Canada, dollars 4.01) Canadian Constructor, America, dollars 5.00 QUILL, MORRIS (1936), LTD. DIVIDEND MAINTAINED Although gross profit showed an encouraging increase, higher taxation and other provision resulted in a slightly decreased net profit for Quill, Morris 0936), Limited, Christchurch, in the year ended January 31. Gross takings were £11,839 against £10,431 in the previous period, which was the first in the life of the new company, and which was 53 weeks. Not profit was £3212 against £3381. It is proposed to pay a final dividend of 2J per cent, making 5 per cent for the year, and'to carry forward £BB2 against £ll brought in. The balance-sheet shows a considerable reduction in indebtedness. PRODUCE IN LONDON RUSSIAN WOOL PURCHASES The Hank of New South Wales has received the following cablegram from its London office dated February 12:-?-The London wool markets are quiet, but there has been so mo buying on Russian accounts and prices generally are unchanged. Market values are as follows:—.Mutton, ewe, to 4Jd per lb; wether, 3jd to 52d; lamb, 7id to . 7-:|d; beef, 3id to 4Jd; pork, 6Jd to ■'7 id. Butter, 113s per cwt. Cheese: White, 08s per cwt; coloured, GBs 6d. PUKEKOHE PRODUCE - [I'HO.U Ot']t OWN' COKKKSPONDKNT] PUKEKOHE, Monday The market for all seasonable 1 ino3 'of Pukekohe-grown produce remains fairly steady, with prices niainlv 011 a par with those ruling last Monday. Potatoes, of which supplies are plentiful, are selling at 9s 6d per cwt., f.0.r., and table onions at 9s, with picklers at 9s 6d. Supplies of table onions are lessening and a hardening in price is huh cated. Picklers are plentiful. Pumpkins still bring 8s per cwt., carrots os n sugar bag, marrows 4s a dozen, and cucumbers 3s (3d a dozen. NEW PRIVATE COMPANIES TIIO following private companies have been registered in Auckland:— Orakei Properties, Limited, to purchase, lease, exchange and improve land and buildings.—Capital: .1' 1.-,00 in £1 shares. Subscribers: O. R. Hutchinson, 1000 shares: Ethel A. Hutchinson, 400; O. A. Whito, 100. McKay Electrical Company, Limited, to acquiro and carry on the business now conducted under the style of the McKay Electrical Company, Dargaville, radio and electrical contractors, automotive eleotricians and plumbers.—Capital: £ISOO in £1 shares. Subscribers: T. \V. McKay. 1400 shar&s; H. M. McElroy, 10. Willoub.v Investments, Limited, to acquire and improve land and acquire personal property, rights and privileges,—Capital: £IOOO in £ 1 shares. Subscribers: N. H. Newcomb and J. H. Newcomb, 500 shares each. J. Priscotl and Sons, Limited, butchers, poulterers, bacon and ham curers. daelers in meat ami dairy -products.—Capital: £IOOO in £1 shares. Subscribers: J, Priscott. 099 shares: Ch H. Priscott, 1 share.