AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23034, 11 May 1938, Page 11

AUSTRALIAN EXCHANGES

BRIGHT SYDNEY MARKET

ADVANCE IN INDUSTRIALS (Received May 10. 7.30 p.m.) SYDNEY, May 10 Renewed buying inquiry on the Sydney Stock Exchange to-day produced one of the brightest markets for months. The turnover was heavy and industrials, particularly front rank shares, continued to advance. Sales included :

FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless RUGBY, May 0 The following rates on foreign exchanges are current, compared with the cabled quotations on May 7 and par:

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 States Canada T.T 3.im 4.(11% On demand .. 3.'.nty t 4.01 \ Buying:: On demand . . 4.03* / ,« 4.0 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: —

City of Mobile, Canada, dollars .. 4.!>!> City of Mobile, America, dollars .. 4.» i) Clvdebank, America, dollars .. .. 4.!M> Clydebank, Canada, dollars .. .. 4.im> Port Montreal, America, dollars .. 4.5)7 Port Montreal Canada, dollars .. 6.02

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

BUSINESS RESTRICTED LONDON STOCK EXCHANGE LONDON, May » Continental currency problems arc restricting business on the London Stork Exchange. The new Australian loan scrip to-day recovered 3-16ths to 9-16ths discount. PRICES OF METALS TIN FIRMER AGAIN LONDON. May l> Following are to-day's quotations on the London metal market, compared with those of May G:

C 8 d Bank New South Wales 32 10 (1 Australian General Insurance '0 Hi 0 Bankers and Traders 1 10 (1 Goldsbrouerh-Mort 1 11 1% Wilcox Mofflin 0 S 0 Perpetual Trustee •t I t 0 Howard Smith 1 1 7'/, Carlton Brewery 3 (i 3 Toohe.v's 1 12 a Tooth's 2 IS 0 Ditto 2 17 0 Associated Newspapers 1 1 0 Anthony Ilordern 0 IS 7Va Australian Glass 4 1 5 3 Australian Paper 1 11 (> British Tobacco ■ 2 !• 0 Broken Hill Proprietary .. 3 2 0 Cumberland Paper . . 1 7 0 Dunlop-Pcrdriau 1 2 (1 Ditto 1 2 7/a Electrolytic Zinc (prcf.) .. 2 7 0 I'airymead Sugar 1 13 3 Felt and Textiles .. 1 13 (i General Industries 0 It) 4V a Gordon and Cotch .. 2 12 3 .T. Fielding •1 3 a Kandos Cement 1 . 0 Malleys . . . . .v. 1 1 3 Megaritts 1 12 3 Saraxnts 1 7 3(1% Standard Cement 1 0 0 Taranaki Oil 0 7 11 Victoria N.vanza Sugar 0 Hi fi William Adams 0 Ifi 1% William Atkins 1 2 0 Woolworths (Sydney) 1 2 r, Broken Hill South.. 1 10 ft F.mperor 0 U 9 Mount Lyell. . 1 7 0 Mount Morpan 0 0 o North Broken Rill.. 2 S fi Kramut Tin O 12 11 Larut (I 13 I) Peninsular l r. 0 Rawanjc 0 8 11 Commonwealth Bonds.—4 per cent. 1038, £1(U 18s nd; 1011. £10-2 17 s (id; 1)50, £ 103 5s; 10.-i.1. £ 1 (11 fts; 1 f>55, £ 105; 11)57. £ 105 (is 3d; l!)(il. £101 r>s. MELBOURNE EXCHANGE There was ii hotter tone and creator activity on the Melbourne market today. Business included: — Commercial Bank Australia £ s ll 0 l(i 5 Nat. Bank A'asia (£5) 7 0 « Ditto (£10) 11 2 0 Goldsbrousrh-Mort 1 11 0 Yarra Falls 1 IS 0 Australian Foundation Trust 0 <1 r> Adelaide Steam 1 It 0 Howard Smith 1 1 Herald-Times 2 1!) 3 Aus. Iron and Steel (prcf.) 1 7 !) Aus. Paper Manuf'tres (pf.) 1 5 3 Ditto (1 ."is paid) 0 1!) 3 Broken Hill Proprietary . . 3 2 0 Drui? Houses 1 f> •1% Electrolytic Zinc o o 3 Ditto (prcf.) 2 7 0 * G. J. Coles ■1 2 (J Loloma 1 2 !) Mount Lyell. . 1 7 3 North Broken ITill.. 2 8 (J

May 0 Mar 7 Par Montreal, <lol. . . r>.<»i 1 ; fl.Ol/a *1.HS% 4.8(H) New York, dol. •1.07'; •l.S(( Paris, fr. 1 77 : ' 4 177% 17S>.(>0 Brussels, helga. . 20.57V, 21.01% 3o.00 Geneva, fr. 1-' ' '/a HI .7iJ/i •>•> Amsterdam, gr. 8.08"J 4 8.0(1% 12.10 Milan, lire }>1?« my. 1 >2,0(1 Berlin, r.m. l 2..(8 3 / ; J{!>'/ 2 20.1:5 Stockholm, kr... in.iu'/a 10.-10% 18.15!) Copenhagen, kr. 22.-10 18.151) Oslo, kr. 1».K0 18.1511 Vienna, sell. .. . 2<>'/i 31.585 Prague, kr. I I -A 113% 1(11.25 Helsingfors, mark -'•-'•J 1 /. •jfjtiy. 103.23 Madrid, pes. .. 551 ,v.t 25.221 Lisbon, escu. . . i mv. i in y. 1 10 Athens, dr. •VI7' i •">17% 375.00 Bucharest, lei... •'77*2 (i77V 2 81 H.(i Rio de Janeiro, m. '_" 3 /iod* 5.81 M)d Buenos Aires, pes. 10.02!', 10.02% 11.15 Montevideo, dol. 10 :, ;d 10 : ! 4 d 51 d Bombay, rupee. . 17", ,«d 17'Vind 18d Shanghai, dol... rjdt I'Jdl Hongkong, dol. 1 I'Vi.d M"/„d Yokohama, yen 1 Id 1 Id 21.58(1 Batavia, gr. 8.1)5 8.07 12.10 Belgrade, din... 17 •J 17 27(i.:i L Warsaw, zloty.. 2(1.13 20.43 43.38 tXominal. * Sellers.

To £1 N.Z. T.T. On Demand Currency Sellintr Buying Selling U.S.A.. dol. .. ;u)8iM .i.oai i 3.0031 Canada, dol. . . 4.015!) J.0001 4.OI!)0 Belgium, belga 23.(153 24.038 23.00 1 Czecho'vakia, cr. 111.17 — 1 14.22 Denmark, kr. . 17.893 18.203 17.8!)!) Finland, Fin. ms. 170.17 185.37 170.27 France, fr. 111.08 — 141.12 Germany, r.m. . 0.878 — 0 883 Greece, drachmas 420.51 — 420.81 Holland, fl. .. 7.173 7.303 7.177 Italy, lire 75.70 — 75.81 Java, fl. 7.1-15 7.335 7.140 Norway, kr. .. 15.802 10.242 15.808 Noumea, fr. ,. 130.83 — 130.87 Papeete, fr. .. 130.88 — 130.02 Sweden, kr. . . 15.402 15.817 15,108 Switzerland, fr. 17.103 17.778 17.408 N.Z. pence to —■ Nominal Chefoo. dol. HoriKkonc, dol. 18 45-01 18 10-04 18 45-01 India, rupee .. 22 13-32 22 3-32 22 13-32 Ceylon, rupee . 22 13-32 22 3-32 22 13-32 Japan, ven . J 7 33-04 — 17 33-01 Manila, peso 30 3-04 20 20-04 30 3-04 Shanghai, dol. Nominal 34 13-10 Singapore, dol. 34 13-10 31 15-01 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 Par s (1 S (1 London, pound . , 24 10.05 20 0.00 Australia, pound .. 10 10.81 20 0.00 Fiji, pound . .. 22 5.00 20 0.00 New York, dollar 1 11.07 4 1.31 Montreal, dollar 4 11.01 ■1 1.31 Paris, franc, . 0 1.08 0 2.28 Berlin, reichsmark . 2 (>.10 0 1 1.74 Copenhagen, krone 1 1.32 L 1.22' Yokohama, yen 1 0.41 2 0.58

May 1) May 0 Per ton Per ton £ S (1 £ s d Copper, stan., spot 38 11 ioy. 38 10 7' Copper, stan., 3 mos. 3* 15 7Va 38 1 r> 7! Copper, electrolytic •13 0 0 In 43 0 0 to <13 10 0 43 10 0 Copper, elect., wire

bars 4.*t in n -i:i 1 f) n Lead, soft, spot 14 ii 10% 14 15 7% Load, soft, forward 14 15 V/ 3 14 IS 1% Spelter, spot V2 IS IV, 13 1 c e Purlter, forward .. is 1 10!'a 13 6 Tin, stan.. spot . . 107 17 a 165 17 6 Tin, «tan., 3 mos. 168 7 6 166 7 6