AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22983, 10 March 1938, Page 11

AUSTRALIAN EXCHANGES

SYDNEY MARKET FIRM METAL SHARES QUIET (Received March 0, 7.30 p.m.) SYDNEY, March 0 Tl'te Sydney Stock Kxchange showed little alteration in tone to-day. Price movements again were irregular, but the market generally was substantially firm. Base metal shares were quiet. Sales included- — .c s (1 Bank N.S.AV. .. .. ,'VJ 12 a Ditto . . .. .. 32 to o Queensland National Bank.. 5 I o Mercantile Mutual .. .. ill 10% Coldsbrough-Mort .. .. ij i o Australian Gas (A) . .. 7 8 0 Howard Smith .. 12 -l% Ditto . . . .. ;i •_> o Tool lis .. .. .. 2 ll> n i Associated Newspapers .. 1 2 :i Ditto (pref.) 15 0 Amalgamated Wireless (N.Z. delivery) .. .. 2 VI 0 Anthony Hordcrn .. .. ois i» Australian Gypsum .. 10 0 British Tobacco . . .. 2 t» 0 Broken Hill Proprietary 3 10 Claude Xeon (N.Z. delivery) 2 10 o Colonial Sugar . . . , 40 12 0 Drug Houses .. .. 1 (I 0 Electrolytic Zinc .. .. '2 0 3 (!. J. Coles .. .. .. 4 3 3 Ditto 4 3 o J. D. "Williams .. .. 0 4 0 Luslre Hosiery .. .. 1 '2 0 Ditto (pref.) .. .. 15 0 Megitts .. .. .. 1 12 0 Sargenls v . . . . . . 18 3 . Victoria Nynnza (N.Z. dcliv.) o 15 10 Warburton Franki .. 1 1 0 Woolworths (Sydney) .. 1 <l t> Broken Hill South .. . . 112!) Larnt Tin . . . . .. O 13 O Mount Lyell . . .. 10 10% Rawang Tin (N.Z. delivery) 0 0 4 Commonwealth Bonds.—t per cent, 1053, £lO5 OS; loot, JCIOG ss. MELBOURNE EXCHANGE There was a steady demand for banks on the Melbourne Stock Exchange today, but other investment stocks were quiet. Lolomas continued to attract attention in the mining section. Business included: £ s d Com, Bank Aus. .. .. (• Hi i) ]Sat. Bank A'asia {to pd.) 7 4 0 Ditto (£lO paid) .. 11 14 0 E., S. and A. Bank . . 5 7 O Goldsbrough-Mort .. .. 1 .11 3 iloward Snuth .. .. 1 - 5 Dunlop-Perdriau .. . . 13 3 Electrolytic Zinc .. .. 2 0 n Ditto (pref.) . . . . 2 0 0 G. J. Coirs . . . . .. 4 2 0 Broken Hill South . . . . 112 li Emperor . . .. . . 0 13 O ■Lolonia . . .. .. 13 10% North Broken Hill .. .. 2 o if Mount Lyell .. .. 10 0 Zinc Corporation .. .. 4 110 LONDON STOCK EXCHANGE BANK SHARES AND DEBENTURES LONDON, March 8 On the London Stock Exchange quotations of bank shares and other corporation debentures and stocks compare with previous quotations as follows: Feb. 2'2 Mar. 8 £sd £ s d Australasia . . 8 0 0 7 17 (J E., S. and A. 4 0 0 4 0 0 Union of Aust: .. 0 11 3 0 8 0 New South Wales 21 15 0 25 5 0 National of N.Z. '2 0 0 2 1 0 N.Z. Shares . . 112 O 113 O British Tobacco. . . 1 18 1% 118 8 Goldsbrough - Mort 1 3 1% 1 3 1/i Dalgety . . 0 8 0 012 0 P. and O. Def. . . 110 1 0 0 I N.Z. Loan & Merc., „ _ 4 p.c., deb. .. 03 10 0 92 0 0 BUSINESS STAGNANT LONDON, March 8 Business on the London Stock Exchange remains stagnant. FOREIGN EXCHANGES FRANC STILL FALLING | British Wireless RUGBY, March S 1 The following rates on foreign exchanges are current, compared with the cabled quotations on March 7 and par:— Mar. 8 Mar. 7 Tar Montreal, dol. .. 5.01% 5.oo"/l a 4.800 New York, dol. 5.01 5.01 4.80 Paris, fr. .. 155' /,« L»l A Brussels, belga.. 20.02/■» 20.01 Geneva, fr. 21.00% 2 1 '>o Amsterdam, gr. 8.00/1 Milan, lire .. 05% o'_.oo Berlin rni . 1—.41 "1*2.40 —0.43 Stockholm, kr... 10.42% 10.41% 18 150 Copenhagen, kr. 22.40 22.40 J? - ]-! Oslo, kr. .. 10.00 10 00 IP-I'i' Vienna, sch: .. Prague, kr. .. 112% 1-l'-% o'.! Helsingfors, mark 220% -20, 3 1.J3. -8 Madrid, pes. .. 55+ 55t 20.22 l Lisbon, escu. .. 110 V,» "Q/;• liAthens, dr. . . *>'"% 511.? '1 Bucharest, lei... 077 A /a ,. , Rio de Janeiro, m. 2 13/ ie'l 2 /»>d .i.so.id Montevideo, dol. 21%dt zj/A* C'l'l Bombay, rupee.. 18% d 1 *,4, Shanghai, d 01... 14'-i«d 11/ lß d Hongkong, dol. 15d 15d Yokohama, yen lid lld _4..>Bd Batavia, gr. .. 8.01/ a S.Ol/a 1:; .!), Belgrade, din... 210 In<iu Warsaw, zloty.. 20.10 20.40 43.38 tNominal. 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 On demand . . 4.02% 4.02% Buying: On demund .. 4.00/ie 4.00, 8 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 £1 N Z T.T. On Demand Currency Selling- Buyinsr Sollinur U.S.A., dol. .. 4.0231 4.0078 4.0271 Canada, dol. .. 4.0251 4.0000 LO'-Ol Austria, sch. .. 21.02 r, Belgium. belga 23.01). > 21.080 _3.<of> Czecho'vakia, cr. 113.00 Denmark, kr. . 17.803 18.203 l,.8i;o Finland, Fin. nis. ITJMS 180.30 J (O.Jo France fr. .. 124.32 Gerninny, r.m. . 0.808 IJMJO3 Greece, drachmas 420.0 l - j0.84 Holland, n. .. 7.157 7.347 Italy, lire .. 70.38 Java. n. .. 7.120 7.310 7.133 Norway, kr. .. 15.802 10.212 Sweden, kr. .. 15..>0/ L_i.Bo2 J Switzerland, fr. 17.270 li.Olo 1 Noumea, fr. . . 123.07 )ri!'!,. Papeete, fr. .. 123.12 X.Z. pence to —• Hongkong, dol. 1s 53-01 IS 27-04 1853-0 1 India, rupee .. 22 21-32 22 11-32 22 21-32 Ceylon rupee . 1-3- -2 11-82 -1 Japan, yen 17 31-01 Shanghai, dol. 18 11-01 Singapore, (Jul. 35 1-30 3131-01 35 1-10 Chefoo, dol. .. 18% Manila, peso . 20 13-10 20 7-32 20 13-10 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 .. 10 10.81 20 0.00 Fiji pound . .. 22 5.00 20 0.00 New' York, dollar .. 4 11.58 4 1.31 ! Montreal, dollar .. 4 11.40 4 1.31 Paris, franc . .. o l.oi 0 2.28 Berlin, reichsmark . 2 0.07 0 11.74 Copenhagen, krone 1 1.33 1 1.22 Yokohama, yen .. 1 5.38 '2 0.58 ! CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels nrfmcd are shown in the following table: — Dessau, America, dollars ~ ~ 5.01 Port Sydney, America, dollars.. .. 5.01 Port Sydney, Canada, dollars .. .. 5.00 EGG PRICES AGAIN HIGHER Tho Auckland Egg Marketing Committee announces that wholesale egg prices are advanced Id a dozen all round as follows: —lien: First grade, 2s 4-5(1 a dozen; B grade, Is 11 id; C grade, Is ojd. Duck: First grade, 2s 4id a dozen; B grade. Is lAd; (' grade, Is 7Jd. Country storekeepers' minimum buying prices for first-grade eggs are: — Hen: Is lOd a dozen; duck, Is 10J.