AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22976, 2 March 1938, Page 9

AUSTRALIAN EXCHANGES

FIIfM TONE IN SYDNEY MELBOURNE MARKET QUIET (Received March 1, 8.1 o p.m.) SYDNEY. March 1 The shnremarket retains a firm tone, nlthoujyth there was a smaller volume of trading to-day. Tooths Breweries were traded at a higher level, as were John McClraths. Sales included:— £ s d Commercial Banking Sydney •• ■■ : 21. (I O Com. Bunk A us. (2) .. oiT o Goidshrough-aiort c_') .. lHi iu'/ a loollis Urewerji'H (•_>; .. -j i«j ;{' Ditto (N.Z. delivery) .. jij 3 Adelaide Mteam . . . . J. l I ti Anthony liordern .. .. ojh (< Associated News. .. ~\ •> ]V. Australian Gas A .. 7 .s ()' Australian (Jlass .. .. .| | | o Ditto . . . , ,j j) Broken Hill Proprietary .. 3 <» Ditto (con.) (N.Z. delivery) :i 13 <; British Tobacco .. .. 2!) !) Ditto (pref.) .. In (1 Blirus-Plllip .. .. •_> I;l Ij C'oloniiil Hutrar .. .. 4<; |-j <j Dtinlop-I'erdriau .. .. 13 i> Farmers .. .. ~ 113 <> General Industries . . „ 1 u 0 (i. J. Coles .. .i a 0 Henry Jones ~ .. 2 0 0 Howard Smith .. .. 3 1 n J. Fielding (ex. div.) .. -t in i J. McGrath .. .. >j> •_> n Standard Cement .. .. nis n United Provisions .. .. off I AVoolworths (Syd.) .. .. 17 1% Mount Ljell .. .. in i»/ a North Broken Hill .. .. 211 ()' Kawang 000 Larut .. .. .. ol i n Emperor 0 13 -i Commonwealth Bonds.—l per cent, Jolt, £lO4 (is 3d; 1044, £lO5 8s lid; 1001, £305 7s (id. MELBOURNE EXCHANGE Business on the Melbourne market was very quiet and was inclined to he easier in sympathy with weaker tone on Wall Street. Fijian gold stock, however, were active. Business included:— ~,£ r d Com. Bank Aus. .. .. o J<> u Huddart-Parker . . 2 a 3 Ajst. Iron and Steel fprcf.) I K (j Broken Hill Proprietary ~ ,'i •* <i Ditto (new issue) .. 1 13 3 Drug Houses .. .. 1 (> «i Dunlop-Perdriau .. .. l .'{ 7 Ditto ((iref.) .. 1 111 (I Electrolytic Zinc (ord.) .. 2 7 :i G. J. Coles .. .. .. 1 2 1) North Broken Hill .. .. 11 o Emperor .. .. .. 0 i:t :$ ■Loloma .. .. l Li 4 l / a

FOREIGN EXCHANGES DOLLAR RATHER STRONGER British Wireless RUGBY, Feb. 28 The following rates on foreign exchanges are current, compared with the cabled quotations on February 2(3 and par:— Feb. 'J 8 Feb. 20 Par Montreal, dol. .. 5.02 5.02y ta 4.866 New York, dol. 5 .itJ 5.i K!-y,» 4.K6 Paris.fr. .. 153"/ 19 153?„ 10r,.00 Brussels, belga.. 29.50 29.50 35.<>0 Geneva, fr. .. 21.59'/ a L»fi 25.22 Amsterdam, gr. 8.96% 8.1(6% 12.10 Milan, lire .. 95% 95% 92.90 Berlin, r.in. .. I_\4o 12.-tOVi 29.-13 Stockholm, kr... 1 it.) I'/, liUlii 18.139 Copenhagen, kr. 22.10 22.10 18.1511 Oslo, kr. .. 10.1 H) IO.iMJ 18.15» Vienna, sch. .. Ml,sH."> Prague, kr. 142/4 112% 164.25 Helsingfors, mark 22«% 220/5 I:i.■_»; 1' Madrid, |k*k. .. 55t 55 ♦ 25.221 Lisbon. escu. .. lio 3 /,, llo J ' lß Ito Athens, dr. 547% r. IT' 3 375.00 Bucharest, lei... 677'/, «77V a Rio de Janeiro, in. 2 ,a /, B d* 2 1, /,« d* 5.899 d MonteTideo, dol. 21.22 dl 21'idt 51 d Bombay, rupee.. 18% d in 1 ,id IBd Shanghai, d 01... 1 ty, e d ll't«d Hongkonir, dol. Isd 15d Yokohama, yen 13 63-Gld 13 <>3-G4d 24.58 d Bataria, gr. . . 8.9-IVi K.OI'/a 12.10 Belgrade, din... 210 '.'Hi 276.31 Warsaw, zloty. . 20.50 20.50 4.3.38 tXominal. .Market rate. 'Sellers.

! NEW ZEALAND QUOTATIONSThe 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% 4.02T,, On demand .. 4.02*%, 4.02 ls /j« Buying: On demand . . 4.00 V, 4.07 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 CI X.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. . . 1.0210 4.0088 4.0280 Canada, dol. .. 4.0252 4.0097 4.0292 Austria, sch. .. 21.02 Belgium, belga 23.»J38 21.023 23.649 C'zecho'vakia cr. 113.86 Denmark, kr. . 17.H93 18.263 I7.si>9 Finland. Fin. ins. 179.15 185.35 179.21 France, fr ... 122.21 Germany, r.m. , 9.900 Greece. drachmas, 429.51 Holland, fi. .. 7.164 7.351 7.168 Italy, lire .. 76.47 Java, fl. .. 7.129 7.310 7.133 Norway, kr. 15.892 16.212 15.808 Sweden, kr. . . 15.506 15.861 15.512 Switzerland, fr. 17.268 17.613 17.273 Xoumea, fr. ~ 120.00 Papeete fr. .. 121.01 X.Z. pence to— Hongkong, dol. 18 5.3-64 18 27-61 18 53-64 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 31-61 Shanghai, dol. 18V« Singapore, dol. 35 9-04 34 9-10 35 9-61 Chefoo dol. .. 18 5-32 Manila, peso . 29 57-64 29 19-04 29 57-61

The cost in New Zealand currency of the pound sterling, and of tlie principal overseas units, 011 the latest quotations, is as follows:—

Present Price Par s d s d London, pound .. 21 10.65 20 0.00 Australia, pound . 10 10.81 <_>o 0.00 Fiji, pound ; .. 22 5.00 20 0.00 New York, dollar .. 4. 11.10 4 1.31 Montreal, dollar ~ 4 31.16 4 1.31 Paris, franc . .. 0 1.05 0 2/28 Berlin leichsmark . 2 0.08 0 11.71 Copenhagen, krone . 1 1.33 I 1.22 Yokohama, yen .. 1 5.38 2 0.58 CUSTOMS EXCHANGE RATES Finally declared rates of exchange I ruling at the date of departure of vessels named arc shown in the following table: — City of Delhi, Canada, dollars 6.01 City of Delhi, America, dollars .. 5.00 Dessau, America, dollars .. .. 6.01 Aorangi, Canada, dollars .. .. 5.03 Aorangi, America, dollars .. .. 5.01 Port Sydney, America, dollars 5.01 Port Sydney, Canada, dollars . 5.00 NORTHERN ROLLER MILLING SAME PREFERENCE DIVIDEND The directors of the Northern Roller Milling Company, Limited, have declared the usual interim dividend on preference shares at the rate of 5 1-5 per cent per annum for the half-vcnr ended February 28. The dividend is payable forthwith. LONDON STOCKMARKETS j LONDON. Feb. 28 On the London stockrnarkets business is slow as operators are awaiting events. CALL AND DIVIDEND LIST Divldendii— n... Northern Roller Mills—pref., int. ") 1-5 p.c. p.a. . . . , Xow Standard Insurance—int., Is 3d a share . . \l ar - W. R. Carpenter—int., 10 p.c. vi . p i V' i, "' * • ■ Mar. 15 Electrolytic Zinc—ord. and pref. int., (i p.c. . . Mar 17 Broken Hill South—int., od a share . jj nr Huddart-l'arkc'r—final, pref., 3 n °f d - 8 r \ c Mar. ID Doinlop-Jt'erdriau—int., pref. 5 „ ay ' "f Mar. 31 British tobacco—ord., quarterly, n i 2 r, o' •• «' , • • • ■ Mar. 31 Bank A nsia.—final, 4s 6d a share sterling, less British income tax .. .. .. Apl. 3 Milne and Choyce—int., pref., 6 p.c. p.a.; B pref., 7 p.c. p.a.j ord. and deb., 5 p.c. p.a. .. Apl. 0 Calls— Farmers' Trading—third, 2s a share jj ar r> Bundi—3d a share . . . . Jiar » Golden Crown—-con., fifth, 3d a share H ar . in Broken Hill Pty.—new, 5s a ~ "''are . jjar. 31 Burns-Phil^—new, 5s a share (making 10s paid) . Apl.- 1