AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22975, 1 March 1938, Page 7

AUSTRALIAN EXCHANGES

INDUSTRIALS IN DEMAND MARKET MUCH IMPROVED (Received February 2S, 8.10 p.m.) SYDXEY. Feb. CIS Active trading occurred on the Sydney Stock Exchange this afternoon around Into levels. There was a good inquiry lor l'ront-rank industrials and the tone of: the market was much improved. Sales included:— Bank Xevv South Wales (2) 32 J 7 (1 Commercial Banking Sydney 20 15 o Commercial Bank Aust. .. OHi 11 Australian Gas (A) . .. 7 s (> Wilcox-Mofflin . . .. u lu 10 Goldsbrouftii-Mort (2) .. 11l 0 Traders' Finance Corp. .. 14 a Toohey's Brewery .. .. llt 3 Tooth's .. .. .. 2 Hi 0 Ditto . . . . .. 2 Hi 1% Associated News . . .. L 'J a Berlei , . .. .. 2 O 3 British Tobacco .. 2 it it Burns-Pliilp . .. .. 212 (i Cash Orders . .. .. 017 O Colonial Sugar . . . . 40 HI O Dunlop-Perdriau .. .. 13 7'/ a Ditto 13 6 Fairymead Sugar .. .. lit it Farmers .. .. 1 13 0 General Industries (2) .. 1 o <» Kandos . . . . . . 1 5 it Mcggetls . . . . 1110 Millaquiu Sugar .. .. 1. 17 a Stedman .. .. 0 15 II Victoria Xynnza . . .. 015 lo'/ 3 Woolworths (Sydney) .. 17 4' a Ditto (X.Z. delivery) .. 17 4'/ a Ditto 1 7 H Ditto 17 IVi Mount Morgan .. .. 0 0 8 Zinc Corporation .. .. 4IS (i Placer Development . . . 3 lit 0 Emperor .. 013 3 Commonwealth Bonds. 3'i per <'.ent, 19IS, £!10 10s; 4 iter cent, 1038, £lOl ISs Od; 1011, £ 101 ss; 1053, 1104 10s. MELBOURNE EXCHANGE Industrials and consolidated loans vere steady on the Melbourne market. There was a good demand for Metropolitan ('its at higher prices. Barriers were unchanged, but there was a continued inquiry for I'.mperors and Lolomas at enhanced prices. Business included: — £ s fl Nat,. Bank A'asia (£5) .. 7 3 0 Ditto (£10) .. .. 14 13 O Carlton Brewery . . 3 / J Aust. Paper Manufacturers (pref.) 1 !> [! Broken Hill Pty 3 2 0 Dunlop-Perdriau .. .. 1 •> 1 Ditto i pref.) . • • ■ 1 ■ Electrolytic Zinc .. .. ~ ' ; Broken Hill South .. .. ' |4 3 Emperor .. •. . • • V 1, 1 5 ~ Loloma FOREIGN EXCHANGE NEW 2IEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterdoy, on a New, Zealand currency basis, subject to alteration without notice: — Selling: United States Canada T.T 4.02 n /i« 4.02% On demand . . 4.o3Vin 4.03 Buying: On demand .. 4.07 4.0 <A* Following are the latest rates for purchases and sales of foreign exchange quoted bv the Bank of New South Wales, Auckland. They are subject to alteration without notice: — To £1 X.Z, T.T. On Demand Currency Selling Buying Selling U.S.A., dill. .. 4.021 ill 4.070!) 4.0300 Canada, dol. . . 4.0250 4.0725 4..j.>320 Austria, sch. . 21.02 t 1 Belgium, telga 23.842 24.027 Czecho'vakin, cr. 113.81 Jnr! Denmark, kr. . 17.503 18._H>3 li;^? Finland, Fill. ms. 170.15 180.3j 1 France, fr. .. 121.41 Germany r.in,. . 0.000 -j'()->'()-> Greece drachmas 420.51 Holland, n. .. 7.Kit 7.354 7.l(j!> Italy, lire .. 70,18 -- Java. 11. .. (.120 <-3l!t ' -133 Norway, ki. .. 15.K02 Hi.212 l^.S Os Sweden, kr. . . 15.503 I;>.B.>S 1.j.000 Switzerland, fr. 17.258 17.(133 1 < .2IKJ Xoumea. fr. .. 121.10 Papeete, fr. .. 121.21 X.Z. pence to— Hongkong, dol. 18 53-04 18 27-04 18 sft-(M 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-(ti Shanghai dol.' IS 7-04 is 7-04 Singapore, dol. 35 5-32 34 37-64 35 5-32 C'hefoo dol. .. 1BVi Manila, peso . 29 57-04 2!) 10-04 20 57-01 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 s d s d London, pound .. 24 10.05 20 0.00 Australia, pound .. 1!) 10..5 L2O 0.00 Fiji, pound . .. ,22 5.00 20 0.00 New York dollar .. 4 11.15 -l 1.31 Montreal, dollar .. 4 11.45 4 1.31 Paris, franc . ..0 1.05 0 2.28 Bvlin reichsmark . 2 O.os 0 11.74 Copenhagen, krone . 1 1.33 1 1.22 Yokohama, yen .. 1 6.3S 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: — City of Delhi, Canada, dollars .. 5.01: City of Delhi, America, dollars .. 5.00 Dessau, America, dollars .. .. 5.0! Aorangi, Canada, dollars .. .. 5.03 Aorangi. America, dollars .. .. -5.01 Port Sydney, America, dollars . .. 5.01 Port Sydney, Canada, dollars . .. 6.00 PUKEKOHE PRODUCE POTATO PRICES DECLINE [FROM OUK OWN (OH I! kspondknt] , PUKEKOHE, Monday Pukekohe potatoes aro cheaper this week, to-day's price being 7s .'id per cwt., f.o.r. Pukekohe, as against 8s (id last Monday. Table onions remain at 10s, but pickling onions are Is dearer, to-day's value being Us. Trrunibio and C'rown pumpkins are still at Bs, but Red Warren pumpkins sell at 7s 6d. Carrots still bring os a sugar bag and swedes 3s 6d. Tomatoes are slightly cheaper, prices to-day being about 4s .'id a case, as against Is (3d hist week. Ripe Gravenstein apples remain at Ss Gel a case and cookers at Bs. C. J. GREEN'S MONTHLY REPORT C. J. Green. Limited, stock and sharebroker, Auckland, reports the following sales for the month ended February 28:—Government securities: 3'/ 2 per cent X'.Z. Government inscribed stock, due 15/0/41-13, I'lOt 10s. Debentures: Gisborne Sheep Farmers', (>" a per cent, due 31/5/41, £102; Public Mutual Insurance, S per cent, £IOO. Miscellaneous shares: Auckland Gas, 20s Od, 20s Sd, 21>5 4(1; Australian Glass, 03s, 03s Od, 03s ltd; Hank New Zealand, 42s Iftl. 12s (id; Broken Hill Proprietary 01s, (lis Scl. 02s, 00s Od, 00s 3d, 00s Od, (ids (id, 03s; ditto (con.), 33s Scl, 33s 3d, 32s Od, 32s Od; Dalgety and Company, £8 Is Od; Dominion Breweries, 38» 3(1, 38», 37s Od, 37s 3d, 375, 37s (id; Electrolytic Zinc (ord.), 475, 48s, 40s 7d, 4<is Od, 47s Od, 40s lid; ditto (pref.), 50s (Id, 40s, 40s Od, 4!is 3d, 40s, 50s 3d; Farmers' Co-opera-tive Auctioneering (B pref.. ex div.), 21s 2d; Farmers' Trading (ord.), 20s, 20s 2d, 20s; G. J. Coles, 83s 3d, 82s, 81s Od, 80s 3d, 77s 4d, 77s Od; Kauri Timber, 22s Od, 22fi 3d. 225, 22s 3d; M.K. Millinery, lis 3d, Ids Od, (Os 7d, "J(is Od, lis; X.Z. Perpetual Forests ifully paid). 40s Od, •18s Od. 40s Od. 48s Od; ditto (Is paid), 17s 3d, 17s (id, 17s Od, 18s, 17s f!;l 17s Od. 17s lVjd; Northern Steam (fill 1 v paid), 3s lid. 3s lOd, Is. Is Id; ditto (con.), (id; Sanfords (ord.). 4s 3d: Selfridges (X.Z., 12s paid). 10s; (Ms paid), 12s 3d. 12s; Taranaki Oil, 5s Od, 5s Sd. 5s Od, Os. Oil 2d, fis Id, Os Od; Westport-Stockton, 3s 2d; Whakatane Paper, Os 3d, Os, Os Bd, 6s 2d, Os, (is id, Os Od, Os, 5s ltd, Os; Wilsons Cement. 1«s Od, l«s l'/ad, ISs 7d, 18s 3d; Woolworths Holdings (S.A.). 14s (id, 14s sd. lis 4d. l is 7d, l is Od, 15s; Woolworths (X.Z.. ord.), 20s Od 10s OVjd, l!)s 0(1, 21S 1 Vid, 2ls; Woolworths (Syd., ord.), 25s 3d. 25s 2d, 25s 8(1, 25s Od, 21s 11(1, 24s Oil. 21s 8(1, 25s Bd, 23s Od. 23s 7d, 23s 1 Id. 245, 23s l id, 21s 2d, 21s Od, 24s Bd, 24s 3d, 255. 25s Od. 25s tOd, 20s Od, 20s lOd, 20s Od, 20s lid, 275, 27s 3d. 208 lid, 20s lOd, 20s Od, 20n 7d, 20s Od. 20s Sd, 20s lOd. Mining.—Barrytown Gold Dredging, 22s Od; Broken Hill South, 31s 3d, 35s sd. 35s Oil, 32s Bd, 335, 3.3s Bd, 33s lOd. 31s Od. 355, 33s Od; Coromandel Gold, Is Id, Is 2d: Golden Crown, 4s; Tjoloma M'ines, Tils, IKs Jul; Mount yell, 30s lOd, 30s, 30s 2d, 3(ts, 2!l. k ' itd. 20s 3d, 30s 3d, 30s sil, 31s Bd, 31s 0(1, 31s Od; Mount Morgan, Os Od, Os Sd, Os 3%d, Os 20, Os Id, Os l'-id, Os sd. Os I'/ a d. Os sri, Os 3d, Os Od, Os lid; Xnrth Broken VTill. sls Id, 53s Id, 53s sd, 52s 7'id, 525, 'sls 0:1; Skippers, l'Ad; Wellington Alluvials, 4s lid.