AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23027, 3 May 1938, Page 7

AUSTRALIAN EXCHANGES

FIRM TONE IN SYDNEY MELBOURNE MARKET QUIET (Received May 2, 8 p.m.) SYDNEY, May 2 Price movements on tho Sydney Stock Exchange to-day were mostly > within narrow limits. The general tone : of the market was firm and business 1 was well up to the average for a Mon- - day. Sales included:— _ .£ r d 1 Bank of New South Wales 3'-! O o Nat. Bank A'asia (£5 paid) (J 11) () New Zealand Ins. (N.Z. deliv.) 2 10 7Y a 1 Howard Smith . . . . 11 4'/ a i Toohev's Brewery .. .. 1 11 0 Tooth s . . .. .. ii ltJ f> Ditto .. .. .. 2 10!) Associated Newspapers .. 11 10Va Anthony Hordern .. .. 030 0 Ditto (pref.) .. .. 1 a 0 Australian Glass .. 4 15 0 I Broken Hill Proprietary .. 3 0 (J Burns, Philp . . . . •_> 13 0 i General Industries .. .. 0 10 3 Hume Pipe (Aust.).. .. o 18 I) ! James Stedman .. .. 0 15 3 Kandos Cement .. .. 15 l'/i Ditto .. .. .. 15 0 ) Malley'a . . .. ..'ll3 ) Morris Ilcdstrom .. .. I 0 0 • Morts Dork . . . . 0 110 > Victoria Nyanza Sugar .. () 15 9 ! Woolworths (Sydney) .. 1 '2 (i Broken Ilili South' .. 1 10 0 ! Emperor .. .. 0 12 2 Kuala Kanipar .. .. <i 1(! 0 Larut Tin .. .. .. o 12 f) I Mount Lyell .. .. 17 0 i Mount Morgan . . . . 0 0 0 North Broken Hill .. 2 0 0 I Placer Development . . 8 11 0 ' Commonwealth Bonds.—l per cent, 1038, CIOI 18s Od; 10-11, £lO3 lis 3d; 1044, ' £lO2 ss. 1 MELBOURNE EXCHANGE On the Melbourne Stock Exchange to-duy, the market generally was quiet. Industrials wore irregular, and I little interest was shown in mining shares. Business included:— ,c s d Commercial Bunk Australia o 1(1 S Nat. Bank A'asia (£5 paid) (! 18 O Goldsbrough Mort . . 1 10 3 Australian Foundation Trust o 4 0 Broken Hill Proprietary . . 3 0 3 Ditto (con.) .. .. 110 4/a Druff Houses . . . . 15 0 Dunlop-Perdriau .. .. 12 3 Electrolytic Zinc .. .. 22 3 Ditto (pref.) . . .. 2 0 3 Broken Hill South .. 1 10 o Emperor . . .. .. 0 12 0 Loloma . . . . .. 12 0 Mount Lyell .. .. 1 7 7'/ a North Broken Hill .. .. 2 0 6 FOREIGN EXCHANGES NEW ZEALAND QUOTATIONS Tho 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 T.T. 3.00"/,, 4.01 1 Via On demand . . 4.ooVie 4.02>; 8 Baying: On demand .. 4.04 , ,e 4.007,■ Following are tho latest rates for purchases anil sales of foreign exchange quoted by tho Bank of New South Wales, Auckland. They are subject to alteration without notice:— To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dot. . . 3.0075 4.0422 4.0015 Canada, dol. .. 4.0200 4.0045 4.0240 Belgium, helga '23.080 '2*1.074 23.700 Czecho'vakia, cr. 114.11 Denmark, kr. . 17.893 18.203 17.800 Finland, Pin. ms. 170.17 185.37 1 70.27 France, fr. .. 120.08 Germany, r.m. . 0.802 Greece, drachmas 420.54 Holland, fl. .. 7.151 7.341 7.155 Italy. lire . . 75.07 Java, fl. .. 7.120 7.310 7.133 Norway, kr. .. 15.802 10.242 15.808 Sweden, kr. . . 15.400 15.851 15.502 Switzerland, fr. 17.320 17.701 17.331 Noumea, fr. .. 127.83 Papeete, fr. .. 127.88 N.Z. pence to — Hongkong, dol. IS 11-10 18 21-64 IS 11-10 India, rupee .. 22 20-04 22 9-01 22 20-04 Ceylon, rupee . 22 20-01 22 0-04 22 20-04 Japan, yen .. 17 33-04 Shanghai, dol. Nominal Singapore, dol. 34 01-64 34% 34 01-04 Chefoo, dol. .. 171-10 Manila, peso . 30 3-01 20 20-64 30 3-01 The cost in New Zealand currency of the pound sterling, and of tho principal ; overseas units, on the latest quotations, ' is as follows: Present Price Par s d s d London, pound . . 24 10.05 20 0.00 Australia, pound . . lo 10.81 20 0.00 Fiji, pound . . 22 5.00 20 0.00 New \ork, dollar . . 4 11.80 4 1.31 Montreal, dollar . . 4 11.53 • 4 1.31 Paris, franc . .. 0. 1.85 0 2.28 Berlin reichsmark 2 0.08 0 11.71 Copenhagen, krone . 1 1.32 1 1.22 Yokohama, yen .. 1 5.11 2 0.58 CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at tho date of departure of vessels named are shown in the following table: — City of Yokohama, Canada, dollars .. 4.00 City of Yokohama, America, dollars .. 4.00 Kaipara, Canada, dollars . . .. 5.01 Raipara, America, dollars .. .. 4.05 Naumburg, America, dollars .. .. 4.09 Aorangi, Canada, dollars .. .. 5.01 Aorangi, America, dollars .. 4.90 City of Mobile, Canada, dollars .. 4.99 City of Mobile, America, dollars .. 4.90 THEATRE COMPANY BONUS FIRST DIVIDEND SINCE 1934 The directors of Greater Crystal Palace, Limited, theatro proprietors, Christchurch, announce a dividend of 5 per cent and a bonus of 5 per cent for j the year ended March 31. The dividend is tho first sinco a payment of 6 per cent for the 1933-34 year. IRON FROM CHINA JAPANESE MINING PLANS TOKIO, April 20 The Yomitiri Shimbun says the Japanese have organised the China Iron Mine Company to operate tho Taipiiig and other mines on tho Yangtse Kiang, from which they plan to supply 1,000,000 tons of oro a year to Japanese industries. The Domei News Agency says Japanese industrialists are preparing to exploit the Tatting coal mines in Shensi, so that they will produce 12,000,000 tons a year within five years. In the meantime, new decrees severely rationing iron and petrol hav« come into force here.

C. J. GREEN'S MONTHLY REPORT C. J. Green, stock and sharobroker, reports tlio following sales to April 30: —Miscellaneous shares: Bank of N.Z., 43s 3d; Broken Hill Proprietary, 59s 6d, 58s 3d, 595, 60s 3d; new issue, 34s 4d, 355; Dominion Breweries, 365, 37s 3d, 37s 5(1, 37s Id, 375, 37s 4(1, 37s sd; Eleetroclvtie Zinc (ord.), 39s 6d, 41s, 41s sd, 41s 3d, 425, 41s lid; prof., 43s 3d, 435, 445, 44s lO.ld, •15s, 45s 3d, 4os 6d; Fanners' Trading, 20s 24d; "A" prof., 22s 6d; G. .J. Coles, 78s 6d, 78s 4d, 78s 6d. 795, 78s 9d, 77» 6(1, 79s 6(1, 795, 70s 6d, 79s 4id; New Garden Court (prof.), 22s 6d; N.Z. Perpetual Forests, 42s lid, 42s 6d; Northern Roller Mills (prof.), 21s 3d; Radio (1936), 18ft lid; Sol fridges (N.Z.), 14s paid, 10s; South British Insurance, 44s 4d; Taranaki Oilfields, 7s lOd, 7s lid, 7s 8d; Traders' Finance (con.), 4s 6d; Whakatano Paper (ord.), 5s 6d, 5s 9d, 5s 6d; Woolworths Holdings (South Africa), 15s 4d; Wool worths (X.Z.), ord., 21s 0(1; Woolworths (Sydney), ord., 21s 6(1, 225, 22s 3d. 225; first prof., 40s .'3d, 41s; second prof., 28s. Mining.—Broken Hill South, 30s Id, 30s 9d, 30s 4d; Coroinandel Gold, Is 2d; Martha, 15s ljd, 15s, 15s 3d, 15s 4d; Mount Lyell, 27s 4d, 27s Bd, 27s 3d, 27s 6d. 28s Id, 28s, 27s id; Mount Morman, 9s OJ-d; prof. (4s paid), 5s 2d; Rawang Tin, 8s 3Jd.