AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22995, 24 March 1938, Page 7

AUSTRALIAN EXCHANGES

BASE METALS LOWER DEPENDENT STOCKS EASE .(Received March 2.'t, 8.50 p.m.) SYDNEY. March 23 A further decline in base metal prices was followed on the Sydney Stock Exchange to-day "by nil easier trend in dependent stocks. The investment market opened quietly, but livened up in the afternoon. Prices on the whole were fairly steady. Sales included: •

t'mnmonwTiiltli Bonds.- 1 i>rr cent, {.'HI! |:ts !»(J; mil, x-1«11 ; 10 17. £lO3 lUS; 1 !!.-><), 11111 '_'S (ill; I IK) I. tun 10s. MELBOURNE EXCHANGE On tlio Melbourne Stock Kxclian<*e to-day Barriers and gold shares were easier, but in spite of a sharp fall in Now York, investments generally remained steady. Investors are awaiting some definite trend ill overseas affairs. Business included:

LONDON STOCK EXCHANGE BANK SHARES'AND DEBENTURES I.OXDOX, Mar. -22 On tho London Stuck Exchange quotations of hank sharce nucl other corporation debentures and storks compare with previous quotations as follows: —

MARKETS STILL CHEERFUL LONDON, Mar. 22 The London stock markets are quieter but still -cheerful, notably gilt-edged. This is largely attributed to foreign buying, owing to increasing pressure on the franc. FOREIGN EXCHANGES WEAKNESS OF THE FRANC British Wireless PUG BY, Marcli !22 The following rates on foreign exchanges arc current, compared with the cabled quotations on March 21 and

NEW ZEALAND QUOTATIONS The Associated Hanks (other than the Bank (rf New South Wales) ouoted the following dollar rates yesterday, 011 a New Zealand currency basis, subject to alteration without notice: — Selling: United Slates Canada T.T. .. .. tf.nsv; 4.00 3 /i S On demand .. 3.1)15% 4.00% Buying: On dctnund .. 4.02%, 4.04-%

Following are tha 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:

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

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table:

£ . K (1 Bank of Australasia 10 5 0 Com mere in 1 Bank Australia (l Hi 0 Commercial Bunking H.vdncy '.'1 (I 0 Bank of New South Wales yj 10 (1 Nat. Batik A'siu ( t.j paid) 7 <1 0 Mercantile Mutual Insurance 1 1 1 (i Daljrety H 11 0 (ioldshrouffh-Mort 1 10 (i Wilcox. Mofflin (1 10 :t t! Australian Gas (A) 7 (i Adelaide Steam 1 1 0 Howard Smith 1 - ■i'A Tooth's Brewery o 1 r. a Anthony Hordem (") 1!) 1 Va Australian Class 4 1 (i Aust. Iron and Steel (pf.) 1 7 II British Tobacco (N.Z. deliv.) «> !) 0 Broken Hill Proprietary ft O (i Ditto 3 0 1) Burns, I'liilp 'J 1 1 (f Colonial Sugar . . 4(i I'J 0 J)rutf Houses Australia 1 0 Dunlop-Perdriau (pref.) 1 as 7'A Electrolytic Zinc '2 s 1) Ditto (prcf.) 'J 0 Farmer's 1 11 (» Kelt and Textiles 1 ir> v/i (i. J. Coles •I l 13 II Cordon and Gotrh <> 0 Humo Pipe (Australia) T 0 <i .Tames Stedman 0 15 3 John McGrath 0 0 Mauri Brothers 11 0 Meprjritts l 12 0 Moris Dock (i 10 3 Newbold Brick t 1'J 3 Peters •j 1 t 0 W. I{. Carpenter (> o Wool wort lis <Nvd.) lex bonus) l 'J li Broken Hill South i V_> -''a Kuala Kampar i) Ki(i Mount Lyell l ll in'/a Mount Morcran . . , . ii 10 0 North Broken Hill . . 11 11 Placer Development . . 11 II

s (1 Commercial Bank Australia (i Hi 1 K., S. and A. Bank »*> :t i) National Bank A'sia (£5 jkI.) < ii 0 Adelaide Steam 1 ia 0 Howard Smith 1 o Carlton Brewery T }) Australian CJ lass 0 British Tobacco ,s (i Broken Hill Proprietary :1 (» (i' Drug Houses. Australia 1 3 Dunlop-Pcrdriau 1 '2 It . Electrolytic Zinc (pref.) 8 0 Ci. J. Coles . . ■7 I I'J <> Broken Hill South i 3 Emperor o in 1) Loloma i '2 wy 3 Mount LyeII l 1) o Mount Moriran (i it it Xorth Broken Hill 1 1 3 Zinc Corporation I 12 0

Mar. 8 Mar. oo £' s d is "d Australasia 7 17 li 7 l.i 0 F,., S. and A. •t (i () •1 1 O Union of Aust. .. (i 8 0 (I (i a 0 New South Wales 2 ~i ."> () 2"> 0 National of N'.Z. . . o 1 »i 1. o X.Z. Shares T 13 I) I 13 0 Britisli Tobacco . . i l* ' :i 1 17 <s Goldnbrough - Mort 1 3 IVi 1 •"> 0 Dalsrety ri 12 »> (> 12 <i 1'. and O. Def. . . I 0 0 1 0 a X.Z. Loan & Merc., 02 1 p.c., deb. . . 02 0 0 0 0 X.Z. Loan & Merc., 0 (ord.) — 27 0

par:— Mar. 'JJ Mar. 'JI Par Montreal, dol. . . •1 .!»!>'„ •l.ON'i •t XiO New York, dol. •1 .OH', •I.Hi Paris, tr. Kia:; Hi I'm 100.00 Brussels, lwljta.. •_*!».."»«1 'i lit sio.no Geneva, fr. •_'l .(!)'/« •Jl.tit'/a Amsterdam, gr. .S.H7?. J'J.KI Milan, lire i' 1 / ift »l'/ 4 WJ.00 Berlin, r.m. . . IJ.UTVi VJ.:.\VA •_>0.I8 Stockholm, kr... 111.1 l'/j l u.t i Vj 18.101) Copenhagen, kr. •J'J.K) 10 1 8. 1 01) Oslo, kr. 1D.HU 1lt.H0 1H. 1 ">!) Vienna, «ch. •JO' 3 •-'If'/j HI ..">s.-, Prague, kr. Ml"/,, 111"/,. J (ft. f-lelsingfors, mark ism.-.'M Madrid, pes. . . •J.VJ'J L Lisbon, escu. . . liifil. 1 KiV,. ] 111 Athens, dr. r> 11 V j *> t"Va 870.00 Bucharest, lei... (177! ' 2 (I77 l / a 818.1! Rio de Janeiro, m. ■_" 3 i«d* •-»"/,«d* 5.Klltd Montevideo, dol. •JIVadi •JlVadJ fl 1 (1 Bombay, rupee.. 1 • 1 H%d lSd Shanghai, dol... 1-1'/id* IP/id* — Hongkong, dol. rt'y„d M l V,„d — Yokohama, yen i:P%,d i:{» 1 .d 'Ji.r.Sd Batavia, gr. . . N.l).V/ a 8,it(» TJ.10 Belgrade, din... ■j m •J1H '_'7(t.;$i Warsaw, zloty.. •Mi.UT 48.88 INominal. Market rate. 'Sellers.

To 11 X.Z. T.T. On Demand Currency Selling Buying Sollinj? V S \ dol. . . l.0'_>75 3.0MiD ('suiuda, ilol. . . '1.(10 Hi I.OHil ■1.1M 150 Belgium,*? IIPIKSI 'J.'!..")) Mi !)Nl 01 17 Czeclio'vakia, cr. l — 1 13.31 Denmark, kr. . 17.Si 13 1 K/J'13 17.Will Finland, Fin. ma. 17H.1.*, 1*5.35 I 7! I.'J,", Frame, fr. 1 •JH.-VS — 1JS.II-J Germany, r.m. . 0..H07 — 1».«7'J Greece, drachmas l'JO.51 — 4'->0.Hl Holland, 11. ... 7.IOO 7.350 7.1 f_ij Italy, lire 75.70 — 75.75 •lava, fl. 7.137 7.3'_>7 7.14 1 Norway, kr. .. 15. Hi 11 1 ((.'-Ml 15.S07 Sweden, kr. . . 1 )'J J 5.S57 .15.5( IS Switzerland, fr. 17.'J! Ml 17.071 17.3(11 Xoumen, fr. . . VJT.:i:i — 1-J7.37 Papeete, fr. . . 1'27.38 — l'J7.1'J N.Z. pence to— Honjfkonff, dol. 1 18 23-04 18 40-61 India, rupee .. •_» 1 :TJ 11 *3'J •-!'_> -1 -ii'J Cc.vlon, rupee . •J'J •_>!-: i'J Xl-3'J oo o i ,,'j' > Japan, yen . . 1 7 7-1U — 17 7-l<i~ Shanghai, dol. i fl 5-o i — 1S 5*04 Singapore, dol. 35 Mi l 31 7-10 35 1 -0-1 Chefon, dol. . . 17 50-01 — 'A 17 '-20-3V! Manila, peso . 30 5-8'J 1211 0-10 30 5-3*2

Present Price Par s d s A London, pound . '-'1 Kl.fi,") 20 0.00 Australia, pound . . ID 10.81 20 0.00 Fiji, pound . O'J 20 (1.0(1 Now "\ork, dollar' . • r > 0.15 -1 1 Ml Montreal, dollar ■t 1 1 .SO <1 j.a i I'ariH, franc . 0 l ,s:t 0 2.2,S Herlin. reichsmark 2 0.1.-) 0 11.74 ConenhaKcn, krone 1 l.3:» 1 1.22 Yokohama, yen 1 5.2S O 0.5S

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