AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23011, 12 April 1938, Page 7

AUSTRALIAN EXCHANGES

GENERAL IMPROVEMENT WALL STREET REFLECTION (Received April 11, 8.25 p.m.) SYDNEY. April 11 A sharp improvement in the New York industrial index at the week-end was Reflected on the Sydney Stock Exchange to-day. The market was tinner all round with fairly active trading. Sales included: £ S (1 Commercial Banking Sydney 2<) 12 it Bank New Suulh Wales .. 31 PJ I! Nut. Hunk A'usia (£5) .. <>l7 0 Union Bank .. .. o o 0 N./j. 1 nsuralicc .. lit !) Wilcox-Mofflin 0)11 Producers and General . . 0 5 .'i Howard Smith . . . . 1 1 (( Yurra Fulls .. .. l 17 0 Fell and Textiles .. I l'J 3 Tooth's Breweries . . . . 15 0 Tooheys . . . . . . 1 .1(1 101'% Associated News (pref.) . . 1 3 0 Australian Glass .. 11l 0 British Tobacco . . . . 2 7 <i Ditto (iiref.) . . 111. -I 'A Burns-Phup (South Sea) . . 17 0 Broken J till Proprietary .. 3 0 <i Cash Orders . .. .. old 0 Colonial Sugar .. .. 47 12 <i Dunlop-Perdriau .. .. :L 1 (I Electrolytic Zinc .. .. 22 0 Ditto . . .. .. 22 0 Ditto (nref.) .. .. 2 0 7'/a General industries . .. o IN (I Henry Jones . .. 2 0 0 John McOrath .. .. 1 10 (I J. Fielding . . .. . . 4 2 0 Kandos Cement . . . . 13 lo'/i Millaquin Sugar .. .. 1 10 7% Newhold Brick .. .. 11l 0 Woolworths (Sydney) .. 12 •! x / 2 Mount Morgan . . . . 0 0 7 Mount Lyell . . .. ISO Ditto (N.Z. delivery) .. 18 0 • Broken Hill South .. .. 1 11 3 North Broken Kill .. .. 2 10 3 Zinc Corporation .. . . 4 3 0 Ratvnng .. .. .. 0 8 5 Larut 0 13 0 Placer Development . . . 3 11. ft Emperor 0 12 0 Commonwealth Bonds.—4 per cent. 1050. £ 103 j OS. MELBOURNE EXCHANGE There was generally a better tone throughout the Melbourne market, due to improved conditions on Wall Street. Business included:— £ s d Commercial Bank Australia . o 10 5 K.. S. and A. Bank . . . ."> o Nat. Bank A'usia li's) .. <» 17 o Ditto U'lO) .. ..II 2 0 Australian Glass .. .. 4 10 0 Broken Hill Proprietary .. 3 0 3 Dunlop-Perdriau . . . . :t 1 4 Electrolytic Zinc .. .. 22 (5 Ditto (pref.) . . . . 'Jo 3 G. J. Coles . .. . . 4 0 3 Mt. Lyell 18 0 Broken Hill .. .. .. 1 11 1 '/ a North Broken Hill .. .. 2 10 3 Loloma . . .. .. 13 0 FOREIGN EXCHANGES NEW ZEALAND QUOTATIONS The Associated Banks foUier tlian 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 3.0s 4.00V a On demand .. 3.08% <I.OO Buying: On demand .. 4.02/' m 4.0l 19 /,« 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:

I To CI N.Z. T.T. On Dcninnd I Currency Sellincr Buying Selling U.S.A., ilol. .. 3.i»7h I l.oi lit a.HM'.'l Camilla, dol. .. 4.0072 1.0r.U) l.ui 12 ; Belgium, hclga 23.050 23.U71 23.507 ('zecho'vakia, cr. 113.51 Denmark, kr . 17.81)3 18.203 17.81M1 Finland, Fin. ms. 170.13 3*5.33 170.2.3 France, fr. .. 127.07 -_'7.7l Germany, r.m . 0.801 o.s'io Greece, drachmas 420.51 Holland, 11. .. 7.153 7.313 7.157 Italy, lire .. 75.0r> _ Java, A. .. 7.120 7.310 7.J't»_ Norway, kr. .. 15.k0i 10.211 15. yi, .Sweden, kr. .. 1 .">. 1 i )<» 15..551 I.VMU Switzerland, fr. 17.301 17.070 17.V.M! Noumea, fr .. 120.42 l'JO.jii Papeete, fr. J *—< ».-t7 N.Z. ponce to — Hongkong:, dol. 18% 18 7-32 38% India, rupee .. 22 21-32 22 11-32 22 2 -32 Ceylon rupee . 22 21-32 22 11-32 22-1-3-Japan, yen .. 17 33-04 Shanghai, dol. nominal Singapore, dol. 34 01-01 31/J 34 01-01 Manila, peso . 30 7-0-1 20 33-04 30 <-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 London, pound .. 24 10.0.5 20 0.00 Australia, pound .. 1» Fiji, pound . .. 22 .>.OO -0 000 New dollar ... *> 0.1.J 4 1.31 Montreal, dollar .. 4 ll.«< 4 Paris, franc . .. O 1-84 0 2.-8 Berlin, reiclismark . 2 0.13 0 11•' 4 Copenhagen, krone . 1 1-33 3 j--~ Yokohama, yen .. 1 5.41 - O.ob CUSTOMS EXCHANGE RXTES Finally declared rates of exchange ■ruling at the date of departure of vessels named are shown in the following table: — Wanaka. Belgium, belga . • • • 20.58 Citv of Yokohama, Canada, dollars .. 4. City oi Yokohama, America, dollars .. 4.WJ Kaipara, America, dollars .. .. 4.n.» Kaipara. Canada, dollars .. .. 5.01 Naumburg, America, dollars .. .. NEW ZEALAND PUBLICITY IMPROVEMENTS INTENDED GREATER CO-ORDINATION [fkom OL'n OWN CO lilt KS PON I) ent] LONDON, March 23 New Zealand publicity in Britain luis_ been freely praised in recent years by experts from the Dominions as an example to thoir own countries. In an effort to make still further improvements, a committee is being set up to co-ordinate and extend the work of the various Government and trade bodies representing New Zealand interests in Great Britain and on the Continent. Preliminary plans were discussed at a meeting this week attended by the High Commissioner, Mr. W. J. Jordan, the lOuropean heads of the Dairy Sales Division, New Zealand Meat Producers and Fruit Kxport Control Hoards, and Mr. H. T. li. Drew, New Zealand Government publicity officer. In addition to advertising New Zealand produce, it is proposed to issue background publicity to make the Dominion known as a progressive democracy and a country of outstanding tourist and social interest. Newspapers, films, lectures, posters and similar means of publicity will be used. A considerable amount of work of this nature is already done, but it is hoped to increase it and extend it in new directions.

• PUKEKOHE PRODUCE ONIONS DEARER [from out OWN cokkkspondent] PUKEKOHE, Monday Owing to the demand having become very keen, l'ukekohe onions have risen about lis a cut. in value during the past seven days, the price to-day being l.'Js f.o.r. I'ukekohe, as against lis last Monday. Large lots, from 30cwt. upward, jiro at £'J'2 a ton, however, fielders remain at lis per cwt., hut the quantity is tailing off rapidly. The market for I'ukekohe potatoes is almost lifeless, and quotations remain at last Monday's figure of 5s Mil per cwt. The first of the new season's cabbages are now coining to hand from growers. They are going away »t 12s a super bag. Other lines of locallygrown produce are practically on a par with last Monday's quotations, with, trade fairly quiet. Red pumpkins still bring 1s per cwt. and greys 7s Dd. Carrots remain at 1s (id o sugar bag, parsnips at as. and kmnarns at 7s. Apples continue to bring 8s a case and garlic 4d per lb.