AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23083, 7 July 1938, Page 9

AUSTRALIAN EXCHANGES

TONE MORE SUBDUED RISE IN GLASS SHARES (Received July 0, 8 p.m.) SYDNEY, July (! The Stock Exchange was much more subdued to-day, hut the firm tone recorded yesterday was well sustained. Australian Glass shares rose sharply. Metal shares were quieter. Sales included :

Commonwealth Bonds.—l per rent £lO3 3s 9d; 1 955, £lO3 7 s (id. MELBOURNE EXCHANGE

In spite of a fall in the New York market, levels on the Melbourne Exchange showed a good resistance, with Barriers firm at the close. Australian Glass shares were strong, with late buyers at 9os 6d. Business included:— _£ s d Commercial Bank Australia 010 1 Xnt. Bank A'asia (£,">) .. <; i,~> o Ditto (£10) .. .. jfi o Ooldsbroueh-Mort .. . ISO Aust. Iron and Steel (pref.) 17!) British Tobacco .. .. 2 7 0 Broken Hill Ply. .. sin 0 Cox Brothers .. .. o 1(1 3' Drug Houses .. ~ 15 4 Dnnlop-Perdrian .. .. 117 Electrolytic Zinc (ord.) .. 2 3 9 C>. J. Coles .. ~ i -l o Herald and Times .. .. r? 3 o Hume Pipe 0 19 0 Mount Morgan .. .. 0 10 7 Mount Lyeii .. . , 10 6 Broken Hill South .. .. 11-13 North Broken Hill .. .. 2 0 0 Loloma . . . . , , 117 LONDON STOCK EXCHANGE DEBENTURES AND SHARES LONDON, July 5 Sales of debentures and shares on the London Stock Exchange to-day include the following, the prices on June 21 being given for comparison:— June 21 July 5 £sd £ s d Dalgety (-1 p.c. deb.) 07 0 0 97 0 0 British Tobacco .. 1 10 9 1 10 3 Goldsbrough Mort. 13 9 12 0 Dalgety . . .. G 4 -1% 0 7 0 P. and O. (def.) .. 113 12 0 FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless RUGBY, July 5 The following rates on foreign exchanges are current, compared with the cabled quotations on July 4 and par:— July 5 July 4 Par Montreal, dol. .. 4.98% 5.00% 4.866 New York, dol. 4.95 % 4.95% 4.50 Paris, fr. . . 177% 177% 179.00 Brussels, belga. . 29.21 29.23% 35.00 Geneva, fr. .. 21.02 21.01% 25.22 Amsterdam, gr. 8.90 8.95% 12.10 Milan, lire . . 94% s 94%,, {(2.00 Berlin, r.m. .. 12.30% 12.30% 20.43 Stockholm, kr... 19.39% 19.39% 18.159 Copenhagen, k#\ 22.40 22.40 18.159 Oslo, kr. .. 19.90 19.90 18.159 Vienna, sell. .. 26%t- 26%t 34.585 Prague, kr. . . 142% 142% 104.25 Helsingfors, mark 220% 220% 193.23 Madrid, pes. . . 55t 551 25.221 Lisbon, escu. .. 110% 8 110'/,,, 110 Athens, dr. . . 5-17% 547% 375.00 Bucharest, lei... 072% «72% 813.0 Rio de Janeiro, ni. 2"/, 6 d* 2 1 V lr ,d* 5.899 d Buenos Aires, pes. 18.98 19.01% 11.45 Montevideo, dol. QO%d 20% d 51 d Bombay, rupee.. 17 a % a d 17 2 % 3 d 18d Shanghai, d 01... B%d B%d Hongkong, dol. 15d 15d Yokohama, yen lid l-ld 24.58 d Batavia, gr. .. 8.93% 8.94 12.10 Belgrade, din... 217 217 276.31 Warsaw, zloty.. 20.31 26.31 43.38 tNominal. •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 3.90% 3.99% On demand .. 3.97% 8 4.00 Buying: On demand .. 4.00"/ia 4.04

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 U.S.A., dol. . . 3.0658 4.0104 3.001)8 Canada, dol. .. 3.0070 4.0115 4.0010 Belgium, belga 23.301 23.740 23.372 Czecho'vakia, cr. 113.77 Denmark, kr. . 17.803 18.203 17.800 Finland, Fin. ms. 170.03 185.83 179.73 Franco, fr. .. 141.8.8 115.33 111.02 Germany, r.m. . 0.813 Greece, drachmas 420.51 Holland, ft. .. 7.1 10 7.339 7.153 Italy, lire .. 75.30 ,Tnva, fl. .. 7.120 7.310 7.133 Norway, kr. .. 15.802 10.212 15.808 Noumea, fr. . . 140.13 147.38 140.17 Papeete, fr. .. 140.28 147.28 140.32 Sweden, kr. .. 15.480 15.814 15.405 Switzerland, fr. 17.282 17.057 17.287 N.Z. i>cnce to— Ohefoo, dol. .. Nominal Hongkong, dol. 18 25-32 1 8 3 / 8 1 8 25-32 India, rupeo . . 22 25-04 22 5-64 22 25-04 Ceylon, rupee . '22 25-04 22 5-04 22 25-04 Japan, yen .. 17 9-10 Manila, peso . 30 5-32 20 0-1/5 30 5-32 Shanghai, dol. Nominal Singapore, dol. 35 1-04 34 7-10 35 1-64 The cost ill New Zealand currency of the pound sterling, and of the 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 .. 10 10.81 20 0.00 Fiji, pound . . . 22 5.06 20 0.00 New York, dollar .. 5 0.25 4 1.31 Montreal, dollar .. 4 11.00 4 1.31 Paris, franc . 0 1.07 O 1.34 Berlin, reichsinark .. 2 0.20 0 11.74 Copenhagen, krone . 1 1.32 1 1.22 Yokohama, yon .. 1 5.11 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:— Wairuna, Canada, dollars .. .. r,.00 "Wairuna, America, dollars .. .. 4.07 Anhalt, America, dollars .. .. 4.06 Shanghai Maru, Japan, yen .. .. nil Canadian Constructor, Canada, dollars. 5.01 Canadian Constructor. America, dollars 4.07 Monterey, < Canada, dollars .. .. 5.0:1 Monterey. America, dollars .. l.!M> City of Bagdad, Canada, dollars .. .'>.o2 City of Bagdad, America, dollars .. -1 no CALL AND DIVIDEND LIST Dividends— Due Woolworths (N.Z.) —int., 5 p.c. To-day DOlll. Breweries —final, 10 ji.e. p.a. .. . . . . .. To-day National Bank N.Z.—final, 5 p.c. p.a. stg. (less British income tax) .. .. July 0 Komata Reefs —final, 3d stg. a share . .. .. .. July 12 Hume Steel —pref., half-year, 7 1 /, p.c. p.a. .. .. .. July 14 Mt. Morgan—ord., 3d a share .. July 20 N.Z. Insurance —final, Is a share Aug. 2 Farmers' Fcrt.—6 p.c. p.a. .. Aug. 15 Call* — Burns, Fbilp—new, hi a share .. Oct. 1.

1' s d Hank Australasia 11 17 <> Commercial Ranking Sydney •20 10 0 Nat. Hank A'asia (i'10) 13 13 0 Bank Adelaide It) 0 Wilcox Mofflin 0 (i r> Howard Smith 1 0 10 Tooth's Breweries 1-1 it Tooheys 1 11 1 Ditto 1 11 0 Associated News I 1 0 Australian Glass J 13 0 Ditto 1 15 0 Broken Hill Pty. O 0 Burns Philp o 13 (i Colonial Susrar .. \ ] ■to 15 0 Dunlop-Perdriau 1 1 4 Ditto (prcf.) .. '' 1 1!) 0 David .Tones 1 IS 0 3 0. J. Coles . . .. 1 4 General Industries 0 IS 3 Morris Hedstrom 1 (i 0 Moris Dock .. .. n 12 9 17 1 2 Peters Ice o 9 o Taubmans .. ., ° r, AVoohvorths (Syd.) .. i 0 Mount Mortran 0 10 () 7 Mount Lyell 1 0 North Broken Hill .. o 10 0 Zinc Corporation 4 1 7 Bulolo Gold fi lfi 9 0 Hawaii* Tin . .. " n fi Emperor 0 12 fi