AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23012, 13 April 1938, Page 11

AUSTRALIAN EXCHANGES

IMPROVEMENT MAINTAINED RENEWED TRADING ACTIVITY (Received April 12, £<..10 p.m.) SYDNEY. April 12 The improvement in the Sydney share market yesterday was well maintained to-day, coupled with renewed trading activity. Sales included:— £ s d Hank of Australasia . . 1" " O Commercial Bank Australia O Hi 0 Commercial Banking, Sydney*. 'JO 12 U Bank New South Wales .. 3L 1 5 0 Mercantile Mutual Insurance I 10 0 (toldsbroiigh-Mort ... .. 1 10 0 Australian Gas, A .. .. 7 K 0 Huddart Parker .. .. 2 0 :i Toohey's Brewery .: .. 11l 0 Tooths Brewery .. .. 2 l."> 0 Associated Newspapers .. 1 I 3 Amalgamated Wireless (con.) 'I 10 0 Anthony Hordern . . . . (lis l> British Tobacco .. .. 2 7 IOVa Ditto (N.Z. delivery) .. 'J 7 10 l / a Broken Hill Proprietary . . 3 o 3 Burns I'liilp .. .. 2 12 0 Cash Orders .. .. 0 Hi 0 Colonial .. .. 17 12 0 Farmers . . .. . . 1110 General Industries .. .. 0 1!) O G. J. Coles . . .. . . 10 3 Gordon and Gotch .. .. 12 0 Henry Jones .. .. 2 0 0 Malleys .. .. .. t 1 0 MeKpritts .. .. .. 1 12 0 Morris Hedstrom .. .. 15 0 Neon Signs (Australia) .. 015 0 Standard Cement .. .. I o o Taranaki Oil . . n <, .i Victoria Nyanza Sugar .. oi t lo'/i westin'Khouse .. .. l I o W. H. Soul 17 0 Woolworths (Syd.) .. 12 4'A Wunderlich .. .. i i \v 2 Emperor .. .. .. o 1" 5 Mount Lyell . . .. ] s 1 Ditto (X.Z. delivery) .. 1 1 Placer Development . . 8 11 O Commonwealth Bonds.—l per cent, ID3S •£lOl lis ;jd ; Jon, £ I(J 3 bs y ,j. 1y4 .,| £lOl 2s (id. MELBOURNE EXCHANGE On the Melbourne Stock Exchange to-day trading was light, with the market steady at about late rates. Barriers were well supported, The exchange closes to-morrow at 1 p in. for the Toaster vacation and re-opens on April 21. Business included: „._, C s d £nt Bank Asia (.£5 paid) 017 0 Goldshroiiffh-Mort . . .. ] io 4 l / a Aust. Foundation Trust . . 0 •> 0 Australian Iron & Steel (pf.) i 7 » Brokm Hill Proprietary .. DO 0 Dunlo|i-Perdriau , . .. 1 1 rt Electrolytic Zinc .. .. 2 ° fl Ditto (pref.) .. •> fi fl G • J. Coles .. ~ 4 0 0 Broken Hill South 1 11 f$ Kmperor .. .. .. „ v2 u Lolonia .. .. i o Mount Lyell .. ' j 3 8 3 Mount Morgan .. on « North Broken Hill ~ 210 10%

FOREIGN EXCHANGES NEW ZEALAND QUOTATIONS t, H lO Associated Banks (otlier tlian the Hank 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 •• •• 3.»8"/ 16 4.01'/,. On demand .. 4.03% 4.05%, 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 X.Z. T.T. On Demand Currency Selling: Buying Selling L.b.A dpi .. 3.0870 4.0320 3.0010 Canada, dol. .. 4.0131 4.057(1 4.0171 Belgium, belga 23.588 23.073 23.509 Czecho'vakia, cr. 113.57 Denmark kr. . 17.81(3 18.263 17.81)0 Finland, Fin. ms. 1751.13 185.35 170.23 r ranee, fr. .. 120.82 Germany, r.m. . 0.805 Greece, drachmas 420.51 Ho land, fl. .. 7.151 7.311 7.155 Italy, lire .. 75.71 Java, fl .. 7.125 7.315 7.120 Norway, kr. .. 15.801 10.241 15.807 Sweden, kr. .. 15.100 35.851 15.502 Switzerland, fr. 17.201 17.009 17.200 Aoiimea, fr. .. 125.57 l°s 6l Papeete, fr. .. 125.02 N.Z. pence to— Hongkong. dol. 3 8 43-04 18 17-01 18 43-0-1 India, rupee .. 22 21-32 22 11-32 22 21-32 Ceylon, rupee . 22 21-32 22 11-32 2 ,> '~1-3'> Japan yen 17 33-G4 Shanghai, dol. nominal Singapore, dol. 3101-01 31% 34 01-61 Chefoo, dol. .. suspended Manila, peso . 30 7-01 20 33-04 30 7-04

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

Present Price Par r.,s d a d London, pound .. 24 10.05 120 0.00 Australia, pound .. 1!) 10.81 20 0.00 Fiji, pound . ..22 S.GG 20 0.00 New Wk. dollar .. 5 O.J 1 4 1.31 Montreal, dollar .. 4 11.00 4 3.31 Paris, franc . .. 0 1.87 0 2.28 Berlin, reichsmark . 2 0.13 0 11.74 Copenhagen, krone . 1 1.33 1 1.22 Yokohama, yen .. 1 5.41 2 0.58

CUSTOMS EXCHANGE RATES 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 City of Yokohama, Canada, dollars .. 4.0!) City of Yokohama, America, dollars .. 4.0!) Kaipara, America, dollars .. 4.05 Kaipara, Canada, dollars .. .. 5.01 Naumburg, America, dollars .. .. 4.00 FRANC STRONGER AGAIN British Wireless RUGBY. April 11 The following rates on foreign exchanges are current, compared with the cabled quotations on April 9 and par: A pi. 11 A pi. 0 Par Montreal, dol. . . 5.00%« 4.0D 7 /, e 4.800 New York, dol. 4.00% 4.00% 4.8G Paris, fr. .. 150% 101% 105.00 Brussels, belga.. 20.40% 20.50% 35.00 Geneva, fr. .. 21.03% 21.04% 25.22 Amsterdam, gr. 8.05% 8.00% 32.10 Milan, lire .. 01%« 91% 02.00 Berlin, r.m. .. 12.37 12.37 20.43 Stockholm, kr... 10.40% 10.10% 18.150 Copenhagen, kr. 22.40 22.40 18.150 Oslo, kr. .. 10.00 10.00 18.150 Vienna, sell. .. 2G%t 20%t 34.585 Prague, kr. .. 112% 142% 101.25 Helsingfors, mark 220% 220% 103.23 Madrid, pes. .. 55t 551 25.221 Lisbon, escu. .. 110%,, 110%, 110 Athens, dr. . . 517% 517% 375.00 Bucharest, lei... 077% 077% 813.0 Rio do Janeiro, m. 2™/ t sd* 2'% ( d* 5.81)0d Montevideo, dol. 20dt 10%dt sld Bombay, rupee.. 18% d 18% d 18d Shanghai, d 01... 13% d 13d Hongkong, dol. 14'%,d It'/led Yokohama, yen ltd 14d 24.58 d Balavia, gr. . . 8.04% 8.04% 12.t0 Belgrade, din... 210 210 270.31 Warsaw, zloty. . 20.31 20.34 43.38 tNominal. tMarket rate. 'Sellers. PRICES OF* METALS ALL-ROUND IMPROVEMENT LONDON, April 11 Following are to-day's quotations on the London metal market compared with those of April 8: April 11. April 8 Per ton Per ton £sd £ s a Copper, stan., spot 30 jo 3 38 o 4", Copper, stan., 3 mos. 40 1 3 38 14 i% Copper, electrolytic 43 15 0 42 10 o to to ' 44 15 0 43 10 0 Copper, elect., wire T , t)ars ., .. 44 15 0 43 10 0 Lead, soft, spot.. 10 3 1% 15 0 -VA Lead, soft, forward 10 3 1%- 15 io 7V, Spelter, spot. .. 13 kj 10% 13 y 41, Spelter, forward .. n 3 1% 13 14 4% fin, stun., spot .. 173 15 0 mo 12 0 ■fin, stan., 3 mos. 174 12 0 170 2 (i

DOMINION PICTURES INTERIM DIVIDEND RAISED The directors of Dominion Picture Theatres Company. Limited, Auckland, have declared an interim dividend of 3 per cent on preference shares and ■lid a share on ordinary shares for the half-year ended March Ul, payable April 29. The preference distribution is unaltered, but the rate on ordinary shares is raised to 1J per cent from li per cent for tho corresponding period last year.