AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23060, 10 June 1938, Page 7

AUSTRALIAN EXCHANGES

INVESTMENTS DELL

INTEREST IN OIL SHARES (Received June 9. 7.25 p.m.) SYDNEY, Jane 9 Coincident with the arrival in Sydney of fire American experts en route to New Zealand, where they will engage in the search for oil, a further sharp rise in Taranaki Oil sha,res occurred on the Exchange to-day. These shares have risen almost 4s in a week. The investment market otherwise is dull and generally weaker. Sales included:— £ s d Bank New South "Wales .. 32 2 8 Bank Australasia .. 9 18 0 Tooth's Breweries .. .. 2 15 0 Ditto 2 14 9 Associated News (pref.) ... 13 6 Australian Glass ~ .. 413 9 Australian Gypsum ~ 10 3 British Tobacco .. .. 2 8 0 Broken Hill Proprietary .. 3 0 0 Colonial Sugar .. .. 47 15 0 Dunlop-Perdriau .. .. IXO Ditto 10 IOVa Electrolytic Zinc .. ' 1 lfi fi Ditto (pref.) .. .. 22 0 Farmer and Co. .. .. 1 13 0 General Industries .. .. 0 17 9 Henry Jones .. .. 2 8 0 Hume Pipe .. .. 0 19 IXA1 X A Morts Dock .. 0 11 2 Producers and General .. 0 7 10 Permewan and Wright .. 19 0 United Provisions 0 6 5 W. R. Carpenter .. .. 2 3 6 W. Adams 0 15 9 Woolworths (Sydney) .. 10 9 Mount Morgan .. .. 0 8 8 Mount Lyell .. .. 13 1% Larut Tin .. .. 0 12 6 Emperor Gold .... 0 12 4 Taranaki Oil .. .. 0 12 2

Commonwealth Bonds.—4 per cent, 1941, £IOO 17s 6d; 1914, £lOl 15s;. 1917, £lO2 17b fid; 1950. £lO3 OS 3d; 1957, £lO3 3s 0d; 1959, £lO3 lis 3d. MELBOURNE EXCHANGE

On the Melbourne Exchange the market was very dull with little variation in prices. Barriers sold freely in sympathy with falls overseas. Business included :

£ 8 d Commercial Bank Australia 0 10 0 Nat. Bank A'asia (£5) .. 0 12 0 Broken Hill Proprietary .. 8 0 3 Ditto (con.) .. .. 1 16 6 Dunlop-Perdriau .. .. 1 0 10 Ditto (pref.) .. .. 118 0 [Electrolytic Zinc .. .. 116 6 Ditto (pref.) .. .. 2 16 G. J. Coles .. ... 4 2 6 Mount Morgan .. .. 0 8 0 Mount Lyell .. .. 13 0 North Broken Hill .. .. 1 17 0 Broken Hill South .. .. 17 6 (Emperor 0 12 4 Loloma .. .. .. 119 FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless RUGBY, June 8 The following rates on foreign exchanges are current, compared with the cabled quotations on June 7 and par: — June 8 June 7 Par • Montreal, dol. .. 5.01% 5.01% 4.866 New York, dol. 4.05% 4.94% 4.86 Paris, fr. ... 178% 178% 179.00 Brussels, belga.. 29.28% 29.25 35.00 Geneva, fr. .. 21.735? 21.72% 25.22 Amsterdam, gr. 8.96 8.96% 12.10 Milan, lire .. 94% 94 92.00 Berlin, r.m. .. 12.32% 12.31% 20.43 Stockholm, kr... 19.39% 19.40 18.159 Copenhagen, kr. 22.40 22.40 15.159 Oslo, kr. .. 19.90 19.90 18.159 Vienna, sch. .. 26%t 26%t 34.585 Prague, kr. .. 142% 142%, 164.25 Helsingfors, mark 227 226% 103.23 Madrid, pes. .. 55t 55t 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. .. 547% 547% 375.00 Bucharest, lei... 677% 677% 813.0 Rio do Janeiro, m. 2'%,d* 2 l %„d* 5.899 d Buenos Aires, pes. 19.02% 19.02% 11.45 Montevideo, dol. 20%dt 20% di 51 d Bombay, rupee.. 17 51-64 dl 7 51-64 d 18d Shanghai, d 01... 9%d 10% d —• Hongkong, dol. 14 l %«d 14 13 /i e d Yokohama, yen 14d 14d 24.58 d Batavia. gr. .. 8.05 8.95 12.10 Belgrade, din... 218 218 276.31 Warsaw, zloty.. 26.28 26.28 43.38 tNominal. JMarket rate. 'Sellers.

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. .. 3.97'/,,, 4.02 s /,, On.domand .. 3.97/n 4.02 tl /i« Buying: On demand .. 4.01/ i« 4.06% 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 N.Z. T.T. On Demand Currency Selling: Buying Selling USA., dol. .. 3.9608 4.0144 3.9738 Canada, dol. .. 4.01242 4.0687 4.0282 Belgium, bclga 23.415 23.800 23.426 G'zecho'vakia, cr, 113.66 Denmark, kr. . 17.893 18.263 17.899 Finland, t'in. ms. 179.31 180.0 l 1<9.41 France, fr. .. 141.47 Germany, r.m. . 9.829 Greece, drachmas 429.54 Holland, fl. .. 7.150 7.340 7.154 Italy, lire .. 75.44 Java, fl. .. 7.129 7.319 7.133 Norway, kr. .. 15.892 16.242 15.898 it'oumea, fr. .. 140.22 Papeete, fr. .. 140.27 Sweden kr . 3.",.489 15.844 15.495 Switzerland, fr. 17.373 17.748 17.378 N.Z. ponce to—fihefoo dol. .. Nominal Hongkong, dol. 18 45-64 3819-64 18 45-64 India, rupee .. 22% 2115-16 224 Ceylon, rupee . 22% 2115-16 2-a Tannn ven 17 0-16 1 17 0-16 Manila, peso . 3017-64 29 43-64 3017-64 fthancrhfii (101, INominal Singapore, dol. 5415-M 34'/. 34 4MM

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 » d 8 liondon pound • • 24 10.65 20 0.00 Australia pound .. 19 10.81 20 0.00 fS pound .. 22 5.66 20 0.00 New York, dollar .. 5 0.21 4 1.31 Montreal, dollar .. 4 11.49 4 1.31 Berlin rekhs'mark". 2 o!2;2 0 11.74 ?rohS. n 'yc k n ron °: liS 2 O'M CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: — Mariposa, Canada, dollars .. .. 8.01 Mariposa, America, dollars .. 4.94 CALL AND DIVIDEND LIST Dividends— , Placer—No. 10. 60 cents (Canadian) a share .. .. To-day Bulolo—No. 10, 1.50 dollars (Canadian) a share .. 10-day Bank N.Z.—final, Is a share To-morrow Devonport Ferry—final, 2'/j p.c. June 13 Gordon and Gotch—pref., 4 p.c.; ord., 6 p.c. and bonus, 1 p.c. June 14 Waihi Junction —4d stg. a share (free of income tax) .. June 14 Broken Hill South—9d a share June 15 N.Z. Breweries —final, 4/a p.c. .. June 16 Wilsons Cement —final, 4 1 / a cl a share • • * • • • • J one 3 n Sandhills Gold—ld a share .. June 15 Kobinson Ice —8 p.c. June 36 Kauri Timber—int., 2'A p.c. .. June 17 N.Z. Perpetual Forests—final, 4 p.c. and special dividend, 254 P-c. .. .. June 17 Nemona Gold Dredging—ld a share Juno 18 Mt. Lyell. Int., 6d a Bhare .. June 20 Aust. Glass —pref., 4'A p.c.; ord., 9 p.c. . . •• Juno 22 North Broken Hill—Quarterly, 6d a share . . .. .. Juno 28 Goldsbrough-Mort—fin., 5 p.c. .. Juno 29 Farmers' Trading—ord., 7 p.c. p.a. June 30 British Tobacco —quarterly, 2 p.c. June 30 Morris Hedßtrotn —ord., final, 3 p.c.; bonus 2Va P-C. .. June SO National Mortprage—int., 5 p.c. p.a. (sterling) ... .. Jn y 1 Woolworths (N.Z.)—int., 5 p.c.. July 7 National Bank N.Z.—final, 5 p.c. p.a., stg. (less British Income tax) .. •• July Zinc C>*|)n. —ord. and pref., 4s 6d stg.. (less 3s 6d in £1); pref.. 2s ■ stg. (less 3s 2d in' £1) .. • • • • July l Mt. Morgan—ord., 3d a share July 20 Oalla— Golden Crown—con., eighth, 3d a share .. .. .. 10-day Austral (N.Z.) Mining—con., sixth and final, 2s 6(1 t , share, making £1 paid .. June W Burns. Philp—new, 6s a share .. Oct. 1