AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22971, 24 February 1938, Page 9

AUSTRALIAN EXCHANGES

MARKET TONE IMPROVES STRENGTH OF BARRIERS (Received February 23, 8.30 p.m.) SYDNEY, Feb. 23 A good rise Hi all base metal shares was a feature of the Sydney Stock Exchange to-day, but little scrip, howover, is offering. Investment business continues along quiet and steady linos. Sales included:— „,£ » d Commercial Bunk Australia 010 9 Commercial Banking Sydney 20 4 u lulled Insurance .. .. o 15 o Goldsbrough-Mort .. .. 1 10 it Ditto l 11 o Adelaide Steam . . .. 1 14 3 Howard Smith .. .. 1 1 4% Tooth's Brewery .. 2 14 0 Associated Newspapers ~ 12 3 Associated Pulp . . .. 110 Automatic. Totalisators .. 0 IS o British Tobacco .. .. -2 0 0 Broken Hill Pty 3 2 (I . Burns-Phllp . .. . . 213 0 Colonial Sugar ~ . , 4(1 12 (1 O. J. Coles . . .. 4 2 0 General Industries .. .. 0 111 4% Hume Pine (Aust.) .. 1 .1 0 Kamlos Cement .. .. 1 5 'I) Lustre Hosiery (pref.) .. 1 3 (i Mark Foy . . . . .. 14 0 Mauri Brothers .. .. 3 13 0 Neon Signs . .. .. 010 fi Warburton Frankl .. .. ' 1 • 2 0 Westinghouse .. ~ l 2 f) Woolworths (Sydney) .. 17 3 Emperor .. .. 0 12 3 North Broken Hill .. .. 2 11 n Placer Development . . . 3 14 0 Rawansr Tin .. .. ofl4 Ditto (N.Z. delivery) 0 n 4 Zinc Corporation 4 IS 0 Commonwealth Bonds.—t per cent, 1038, £102; 10-11, £ 10-1 2s Od; 1001. £lO5 10s. MELBOURNE EXCHANGE On the Melbourne Exchango there was an improvement in tho market sentiment on a better overseas outlook. Barriers particularly were affected. Lolomas and Mount Morgans wero in demand. Business included:— £ s d Nat. Bank A'asia (£5 paid) 7 4 () Carlton Brewery . . .. 3 7 0 Aust. Foundation Trust .. o 5 9 Broken Hill Pty .. .. 3 3 0 Electrolytic. Zinc .. .. 2 7 0 Ditto (pref.) .. .. 2 9 0 (!. J. Coles .. .. .. 4 2 0 Broken Hill South .. .. 1H 3 Emperor .. .. .. 0P- « Loloma .. .. .. 1 '• 9,. Mount Lyell . .. .. 111 4/j Mount Morgan .. .. 0 9 9 North Broken Hill .. .. 2 11 0 LONDON STOCK EXCHANGE BANK SHARES AND DEBENTURES LONDON, Feb. 22 On the London Stock Exchange quotations of bank shares and other corporation debentures and stocks compare with previous quotations as follows: — Feb. 8 Feb. 22 £sd £ s d Australasia .. 8 1 3 8 0 0 E., S. and A. . . 1 0.0 4 0 0 Union of Aust., . . 0 17 0 Oil 3 New South Wales 25 2 0 21 15 0 National of N.Z. 22 0 2 0 0 N.Z. Shares .. 113 0 112 9 British Tobacco .. 1 IS 0 118 1, 3 Goldsbrough - Mort 14 0 1 3 l/a Dalgety .. •• 0 8 9 0 8, 9 P. and O. Dcf. .. 110 110 N.Z. Loan & Merc., 4 p.c., deb. . . 03 10 0 03 10 0 N.Z. Loan & Merc., ■ „ ord. .. .. 35 0 0 35 0 0 FOREIGN EXCHANGES DOLLAR RATHER WEAKER British Wireless RUGBY, Feb. 22 Tho following rates on foreign exchanges are current, compared with the cabled quotations on February 21 and l)Ur ' Feb. 22 Feb. 21 Par Montreal, dol. .. 6-01% C' Q,[Z'/ a 'uii° New ' York, dol. 5.01% n.OO'Vx. 4.80 Paris, fr. .. 153/,. ?,'?-/}?/ Brussels, belga.. 29.01/ a 4 Geneva, fr. .. 21.58% 21-59/4 25-';* Amsterdam, gr. 8.90/» Milan, lire .. 95% {'?/}*., Berlin, r.m. .. 12.10/4 12.-W/t Stockholm, kr... 19.41 Copenhagen, kr. 22.40 iS'l'l! Oslo, kr. .. 19.90 39.90 18.1.>9 Vienna, sch. .. 20! a '-'''/ a 34-' 585 Prague, kr. . . 112% L ,'~,i? i'J Helsingfors, mark 22(1% ,11?; I', Madrid, pes. .. *>st 'M*,. Tin" Lisbon, escu. .. 110' i» 110/« HO Athens, dr. .. 517% r 'i' <7 lofj Bucharest, lei... <*77/a f',V/ 1. - ill Li Rio de Janeiro, m. 2 1 %.(1 '2 /,«<! Montevideo, dol. 21'/«d» Bombay, rupee. . 18% d , 1(: 'd Shanghai, d 01... 1-1 %«d M /«<1 Hongkong, dol. 15d 1 •'•<) Yokohama, yen Batavia, gr. .. 8.9-1% 8.94/ a 3-^1 0 Belgrade, din... 210 7n fi'i Warsaw, zloty.. 20.50 20.56 43.38 tNominal. JMarket rate. "Sellers. 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 r i .T. .. .. 4.02% 4.02'/, A On demand .. 4.02 u / ia 4.02% On demand .. 4.00% 4.00% 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:— 1 To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A.. dol .. 4.0215 4.00(12 4.0255 Canada, dol. .. 4.0200 4.0051 4.0240 Austria, sch. ~ 20.99 Belgium, belga 2:1.0-10 24.025 23.051 Czecho'vakia cr. 11M.00 Denmark, kr. . 17.893 18.203 17.899 Finland, Fin. ms. 179.15 185.35 179.25 France, fr. .. 122.18 Germany, r.m. . 9.81)0 w.woi Greece, drachmas 429.51 Holland, fl. .. 7.150 7.310 7.100 Italy, lire .. 7(5.45 Java. fl. .. 7.129 7.319 7.133 Norway, kr. .. 15.892 10.242 15.808 Sweden, kr. .. 15.500 1 5.855 15.50(1 Switzerland, fr. 17.255 17.030 17.200 Noumea, fr. . . 120.93 Papeete, fr. .. 120.98 N.Z. pence to— Hongkong, dol. 18 53-04 1 8 27-04 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 31-04 Shanghai, dol. 18 9-04 Singapore, dol. 35 5-32 34 37-04 35 5-32 Chefoo, dol. . . 29 59-04 2H 29-32 Manila, peso . 29 27-04 28 53-04 29 27-01 The cost in New Zealand currency of the pound sterling, and of tho principal overseas units, on the latest quotations, is as follows: Present Prico Par s d * d Jjondon. pound .. 24 10.05 20 0.00 Australia, pound 19 ll).8l 20 0.00 Fiji, pound . .. 22 5.00 20 0.00 New dollar .. 4 11.51 4 1.31 Montreal, dollar .. 4 11.52 4 1.3 L Paris, franc . 0 1.95 0 2.28 Berlin, reichsmark . 2 0.08 0 11.71 Copenhagen, krone . 1 1.33 1 1.22 Yokohama, yon .. 1. 5.11 2 0.58

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at tho date of departure of vessels named are shown in the following table: — City of Delhi, Canada, dollars ~ fi.oi City of Delhi, America, dollars .. ft.oo Limerick, Canada, dollars . . .. ft 00 Limerick. America, dollars MM Dessau, America, dollars .. .. fi.oi CALL AND DIVIDEND LIST Dividend!— Due Southland Meat—ord. and pref., 8d a share . .. ~ To-dav Bank X.S.W.—quarterly, G p.c. p.a. , . ~ To-day Winchcombc Carson—int., 4 p..c Feb. '_>B Arjro—-1d a share .. Feb. 28 Bipr River—No. I. Id a share .. Mar. 1 Klder. Smith—ord., int., 7 p.c. . Mar. 1 Okarito—7 p.c. . . . . . . Mar. 1 Carlton Brewery—final, TVS p.c. Mar, I Paddy's Point—(id a share .. Mar. 1 M.K. Millinery—final, 8 p.c. . . Mar. 3 Standard Insurance —int., 3 s 3d a shore .. Mar. 7 W. R. Carpenter—int., 10 p.c. p.a. . . Mar. 15 Electrolytic Zinc—ord. and pref. int., 0 p.c Mar. 17 Broken Hill South—int., Od a share . .. .. Mar. 18 Huddnrt, Parker—final, pref,, 3 p.c.j ord., 0 p.c. .. .. Mar. 10 Calls — Farmers' Trading—third, 2s a share .. . . . . Mar. 5 Golden Crown —con., fifth, 3d a share . . . Mar. 10 Broken Hill Pty.—new, os a share . ..' .. Mar. 31 Burns-Phtlp—new, 5s a share (making; 10s . paid) .. Apl, 1