AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23023, 28 April 1938, Page 9

AUSTRALIAN EXCHANGES

SOME EASIER TENDENCIES COLONIAL SUGARS RISE (Received April 27, 7.55 p.m.) SYDNEY, April 27 The tone oi" tho investment market to-day was weaker, with a further easing in base metal shares. Colonial Sugars, however, wont to their highest level this year. Sales included:— Commercial Banking Sydney 20 J a o Bank .New South Wales .. 32 2 0 Nat. Bunk A'a.sia (£10) .. 14 <j o Queensland National Bank .. 5 3 u Hank Adelaide . . .. a u United Insurance .. .. lu 13 o Uoldsbrough-Mort .. .. IJu 0 Australian Guar. Corporation 110 1 roducers General ... .. o f> 7 Australian Gas (A) . ... 7 y o Anthony Hordern .. 018 0 Associated News .. .. 12 1) Ditto (pref.) .. .. 3 i o Amalgamated Wireless (con.) 211 0 Australian Paper Manufacturers (pref.) .. .. 15 0 Automatic Totalisator .. 0 18 (i . Australian Glass .. .. 411 0 British Tobacco .. .. 2 8 1) -Burns-Philp <N.Z. delivery) 212 7% Bradford Cotton . . .. 2 0 0 L Broken Hill Pty. .. .. 3 (j y Colonial Sugar .. 48 7 (J I _ Ditto 48 10 0 Dunlop-Perdriau .. .. 12 0 > Ditto (pref.) .. .. 1 17 4% Electrolytic Zinc .. .. 2 3 0 ) Ditto (pref.) .. .. 2 0 3 Farmers .. .. .. 1 12 0 1 General Industries .. .. 0 lit 3 G. J. Coles . . . . , . <lO 0 Hume Pipe .. .. .. 0 18 9 Meggitts 1 12 0 Sargents .. . . .. 1 K O Taranaki Oil . .. .. 0 8 2 "Woolworths (Sydney) .. 12 5 Mount Morgan .. .. 0 9 2 North Broken Hill .. .. 2 9 0 Rawang Tin . .. .. 0 8 9 Renonir .. .. .. 19 0 , Emperor ... .. .. 0123 Placer Development, . ..39 0 Commonwealth Bonds.—4 per cent. 1938, £lOl 17s Od; 1947, £lO3 15s; 1!)50, .€lOl lis 3d; 1951-53, £lO4 15s; 1951-55, £lOl 18s Od; 1951-57, £lO5 13s 9d; 1951-59, £lO3 10s 3d; 1951-01, £lO4 Os 3d. MELBOURNE EXCHANGE On the Melbourne «'■ Exchange the market was slightly more active and firmer, although there was some recession in several leaders. Barriers were a shnde easier. Business included: — £ s <1 Adelaide Steam .. .. 1110 Carlton Brewery . . .. 3 5 1) Australian Glass .. .. 4 11 9 Broken Hill Pty 3 0 0 Cox Bros. . . . . .. 0 15 2 Drug Houses .. .. 15 10/ a Dunlop-Perdriau .. .. 12 7 Electrolytic Zinc .. .. 22 3 Ditto (pref.) .. .. 2 0 3 General Motors .. -• 1 4 10 G. J. Coles 400 Mount Lyell . .. .. 17 7 North Broken Hiil .. .. 2 9 9 Broken Hill South . . . . 1 10 4 Zinc Corporation .. .. 4 5 0 Emperor " v ~ - Loloina .. ■ - • • 13 0 FOREIGN EXCHANGES FRANC STRONGER AGAIN British Wireless RUGBY, April 20 The following rates on foreign exchanges are current, compared with the cabled quotations 011 April 2-3 and 1 par:— Apl. 20 A pi. 25 Par Montreal, dol. .. 5.01% 5.01% 4.800 1 New York, dol. 4.98% 4.98% 4.80 ] Paris.fr. .. 100% 105% 105.00 Brussels, belga.. 29.58% 29.02% 35.00 1 Geneva, fr. .. 21.0n 21.70% 25.22 1 Amsterdam, gr. 8.00 8.00 12.10 < Milan, lire .. 94% 94 ,3 /i e 92.00 . Berlin, r.m. .. 12.40 12.40% 20.43 J Stockholm, kr... 19.4 L 19.40% 18.159 i Copenhagen, kr, 22.40 22.40 18.159 1 Oslo, kr. .. 19.00 10.00 18.159 J Vienna, sch. .. 20%t 120%+ 34.585 Prague, kr. .. 113% 143% 104.25 j Helsingfors, mark 22(1% 220% 193.23 Madrid, pes. .. 551 55t 25.221 Lisbon, escu. .. 110% a 110%, 110 i Athens, dr. .. 547% 547% 375.00 J Bucharest, lei... 077'% 077% 813.0 Rio de Janeiro, m. 2 13 / l «d* 2 13 /, o d* 5.899 d 4 Montevideo, dol. 19% di 19%dt 51d t Bombay, rupee.. 18d isd 18d R Shanghai, dol .. 13%dt 13%d+ - . Hongkong, dol. 14"/i 8 d 14 /i»d • 1 Yokohama, yen 14d 14d 21.58 d 1 Batavia,, gr. .. 8.91% 8.91% 12.10 ' Belgrade, din... 210 210 270.31 ' Warsaw, zloty.. 20.43 20.13 43.38 t tNominal. JMarket rate. 'Sellers. c

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 Stales Canada T.T .. .. 3.0!)% 4.01 ,3 /i« On demand . . 4.02/',» Buying: On demand . . 4.03 13 /i<, 4.00% 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 .C I N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. .. 3.0015 4.030 L 3.0085 Canada, dol. .. 4.0185 4.0030 4.0225 Belgium, belga 23.057 24.012 23.008 Czecho'vakia, cr. 114.17 Denmark, kr. . 1 18.'.i<;3 17.81)1) Finland, Fin. Ms 170.13 185.33 170.23 France, fr. .. 120.07 Germany, r.m. . 0.800 Greece, drachmas 4'J0.51 Holland, fl. .. 7.151 7.341 7.155 Italy, lire . . 75.05 Java, fl. ~ 7.120 7.310 7.133 Norway, kr. .. 15.81)2 10.242 15.81)8 Noumea, fr. .. 125.72 Papeete, fr. ~ 125.77 ■ — 125.81 Sweden, kr. .. 15.100 15.851' 15.502 Switzerland, fr. 17.312 17.717 17.317 N.Z. pence to — Chefoo, dol. . . * Nominal Hongkong, dol. 18 11-10 18 21-04 18 11-10 India, rupee .. 22 15-32 22 5-32 22 15-32 Ceylon, rupee . 22 15-32 22 5-32 22 15-32 Japan, yen .. 17 33-04 —• 17 33-04 Manila, peso . 30 3-04 /JO 20-01 30 3-04 Shanghai, dol. Nominal Singapore, dol. 34 01-04 34% 34 01-04 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 s (1 s d London, pound .. 21 10.05 20 0.00 [ Australia, pound .. 10 10.81 -0 ')•]»[ Fiji, pound . . 22 5.00 20 O.IHI New \ork, dollar .. 4 11.sit 4 ..5 Montreal,* dollar .. 4 11.53 1 1.31 Paris, franc . .. <• 1-80 o Berlin, reichsmark . 2 0.08 011. <4 Copenhagen, krone 1 1.32 I A'-C Yokohama, yen .. 1 5.41 2 u.ofe CUSTOMS EXCHANGE RATES Finally declared ratws of exchange | ruling at tho date ol departure of vessels named are shown in the following table: — Wanaka, Belgium, belga . •• City of Yokohama, Canada, dollars .. 4.00 City of Yokohama, America, dollars .. 4.00 Kaipara, Canada, dollars .. .. Kaipara, America, dollars .. .. 4. •> Naumburg, America, dollars .. .. 4.jj

PRICES OF METALS COPPER FIRM, TIN EASIER LONDON, April 20 Following are to-day's quotations on the London metal market, compared with those of April 25: April'2o April 25 Per ton Per ton jt s (I £ s d Copper, stan., spot 30 10 7'A 3!) 10 O Copper, stan., 3 nios. 30 15 7Va 30 15 0 Copper, electrolytic -13 J 5 0 43 10 0 to to 44 10 0 41 JO (I Copper, elect., wire bars .. 44 10 0 44 10 0 Lead soft, spot . J 5 1 10% 15 5 7V? Lead." soft, forward 1"> 4 4'A 15 ts ,1% Speller, spot . . 13 4 4% 13 10 3 Spelter, forward . . I*s 14 4yj 13 in 4/ a Tin, sian., spot . 105 5 0 107 13 0 Tin, stan., 3 nios. 100 2 0 .108 7 0 NEW GUINEA GOLD SHARES LONDON, April 21 On the mining mnrket to-dnv New Guinea Gold shares sold at Is ljd. BRITISH WAR LOAN (Received April 27, 0.5 p.m.) British Wireless RUGBY, April 20 War loan, 3} per cent, is quoted at £lOl 2s 6d, same as yesterday.