AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23149, 22 September 1938, Page 9

AUSTRALIAN EXCHANGES

CAUTIOUS INVESTORS PRICES TEND DOWNWARD (Received September 21, 7. 45 p.m.) SYDNEY, Sept. 21 Pending an improvement in the Kuropoan situation, investors are -pursuing it cautious attitude! on tin* Sydney Stock Kxcbangc. Tlie trend of to-day's prices was downward, with the exception of Broken Hill stocks, which were firm. Sales included:— £ s d Bank of New South Wales 30 2 (i Commercial Hanking Sydney "JO H o Goldsbrough-Mort .. .. 1 <> <> Toohey's Brewery .. 1 in <> Tooth's 2 12 n Ditto 2 12 (i Anthony Hordern .. .. 0 l(i (I Australian Glass .. .. >1 11 II . British Tobacco .. .. 2 (1 in Ditto (pref.) .. .. I ll (i Broken Hill Pty .. .. 2 10 IS Ditto 2 10 0 Cash Orders . , . .. 0 15 O Colonial Sugar .. .. 40 12 (i Dunlop-Pcrdriau .. .. 1 o (i Klcc. Zinc (i»ref.> . . . . 2 o O Fair.vmend Sugar . . .. 112 0 (i. J. Coles (N.Z. delivery) 3 17 0 Henry Jones . . . . 2 8 0 AfillHqiiin Sugar .. .. 117 (> Snigents ~, 15 3 Woolworths (Sydney) .. 10 4% Emperor . . .. 0 12 9 Loloma .. .. .. 1 ■ 3 3 Mount Morgan . . .. Oil 0 Ditto (N.Z. delivery) . . 010 11 Commonwealth Bonds.—t per cent, 30;?8, £lOl ss; KM7, £lOl 12s fid; 1001, £lO2 17s (id. MELBOURNE EXCHANGE The .Melbourne market opened finder, hut was inclined to ease at the close. .Business included: — £ s d Commercial Bank Australia 0 15 10 Carlton Brewery :$ n AuMialian Class lion Att.sf. Paper Mfrs. (pf.), old 1 5 0 Broken Hill Proprietary .. 2 15 <> Dunlop-Perdriau . . .. 1 o (i Elec. Zinc . . .. .. 2 0 0 Ditto (pref.) .. 2 5 0 Cr. J. Cqles . . . ■ 317 3 Herald and Times . . . . 2 18 0 Imperial Chemicals (10s pd.) 011 5 Loloma . . . . .. 13 4 Mount Lyell ... .. 1 7 o Mount Morgan .. .. on o North Broken Hill . .. 2 .0 0 FOREIGN EXCHANGES STERLING RATHER STRONGER British Wireless RUGBY, Sept. 20 The following rates on foreign exchanges are current, compared with the cabled quotations yesterday and par:: — Sept. 20 Sept. 10 ' Par Montreal, dol. .. 4.84% 4.82% '4.866 New York, dol. -1.82% 4.80% 4.S(i Paris, fr. .. 178%, 178 l / 4 170.00 Brussels, belga.. 28.50% 28.40%' . 35.00 Geneva, fr. .. 21.28% 21.28% 25.22 Amsterdam, gr. B.o2y ie 8.02 12.10 Milan, lire .. 91"/ie 01% 02.00 Berlin, r.m. .. 12.0U 12.00 20.-13 Stockholm, kr... 10.40 10.40 18.150 Copenhagen, kr. 22.40 » 22.40 18.150 Oslo, kr. .. 10.00 10.00 18.150 Vienna, sch. .. 20% 2(5% .' 34.585 Prague, kr. . . 130% 13!)% . 104.25 Helsiugfors, mark 220% 220% '■ 103.23 Madrid, pes. .. 55+ 55t 25.22 L Lisbon, escu. .. 110>i„ 110%„ 110 Athens, dr. .. 547% 547%. 375.00 Bucharest, 1ei..., 005 005 813.0 Rio de Janeiro, in. 2 l Y, 6 d* 2 15 / lo d* o.Bood Buenos Aires, pes, li). 01% 10.01% 11.45 Montevideo, dol. 20d 20d 51d Bombay, rupee . 17 a °3 3 d* 17 a % a d ISd Shanghai, d 01... B%d B%d Hongkong, dol. Isd 15d Yokohama, yen lid lid 24.55 d Batavia, gr. . . 8.i>0% 8.00% 12.10 Belgrade, din... 214 214 270.31 "Warsaw, zloty. . 25.2 ■ 25.2 43.;i8 {Nominal. 'Sellers.

NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of' New South Wales) quoted tho following dollar rates yesterday, on a New Zealand currency basis, subject lo alteration without notice: — Selling: Uniled States Canada T.T 3.85% 3.87*/,. On demand .. 3.85% 3.87'y, s Buying: On demand .. 3.90VU 3.9214 Following arc 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 CI N.Z. T.T. On Demand Currency Selling • Buying Selling U.S.A., dol. 3.8019 3.0010 3.8029 Canada, dol. . . 3.8838 3.9250 3.8848 Belgium, belga 22.872 23.257 • 22.877 C/.echo'vakia, er. 110.95 Denmark, kr.' . 17.803 18.263 17.805 Finland, Fin. ms. 179.60 lfjo.SO 179. <0 France, fr. .. 142.20 Germany, r.rn. . 0.010 Greece, drachmas 430.74 Holland, fl. . . 7.120 7.310 7.1.22 Italy, lire .. 73.503 —• /3..V28 Java fl. .. 7.101 7.291 7.103. Norway, kr. .. 15.802 10.212 1 ».*(>■> Noumea, fr. ... 110.51 Papeete, fr. .. i 10.00 i i<i. ( o Sweden, kr. .. 15.480 1 5.844 1 5.192 Switzerland, fr. 17.006 1<.,383 li.olo N.Z. pence to — Chefoo. dol. . . Nominal Hongkong, dol. IS 53-01 18 27-04 18 53-04 India, rupee .. 22 13-32 22 3-32 __ 13-3-Ceylon, rupee . 2213-32 3-3- 1.1-3-Japan, yen .. 17 9-10 —• I',,}-! Manila, peso . 31 1-01 30 21 -04. 311-(>1 Shanghai, dol. _ Nominal Singapore, <iol. 35 3-01 34 o-10 3o 3-01 Tho 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 London, pound .. 24 1 <>•«•> J l ']"* Australia, pound .. 10 11.40 -0 0.00 Fiji, nound . .. - () () !. New York, dollar .. 5 1.02 4 1.31 Montreal, dollar .. u 1.00 4 1.31 Paris, franc . .. 0 l.<w 0 1.34 Berlin, reichsmark .. 2 o,o< V i Copenhagen, krone . . 1 1.3- i Yokohama, yen v . 1 0.41 - S i ' CUSTOMS EXCHANGE RATES • Finally declared ;rates of exchange ruling at the date of departure of vessel's named are shown in the following table: — , Clydebank, Canada, dollars .. .. 4.00 Clydebank, America, dollars- .. .. '»•*' Kozan M,aru, Japan, yen .. •• mo DEBENTURES AND STOCKS

BANK SHARE QUOTATIONS

LONDON, Sept, 20

Ou the London Stock Exchange quotations of bank shares and other corporation debentures and .stocks compare with previous, quotations as follows: — • ' ,„„ Sept. 0 Sept. 20 t s d £ s (J Australasia . . 8 » 8 1 3 E., S. and A. .. 317 0 Jl4 J Union of Aust. .. 010 0 0 7 0 New South Wales 23 17 (i 2J 7 0 National of N.Z. .. 2 0 0 - 0 0 N."Z. Shares , 1 K* 3 113 0 British Tobacco'.. 118 l/ 3 1 lj> '/» Goldsbrouirh Mort .1 0 </a 1 0 0 T)nliret V . t3 «3 0 0 o •' PS O, Del. .. 10 0 010 10'/, 64 10 0. 82 10 0 N i,dT° 4 Mcr °". 20 10 0 - 22 o'o •Nominal, tEx dividend. BRITISH EXCHEQUER LATEST WEEKLY RETURNS (Received September 21, 0.5 p.m.) British "Wireless BUG BY, Sept, 20 The latest weekly Exchequer returns show that the total of ordinary revenue amounts to £287,702,553, compared' with £292,874,049 at the corresponding date in 1937. Up to dato. national defence contributions have yielded £6,030,000. s

The total expenditure, less selfbalancing items, is £438,080,721, compared with £382,107,144 a year ago. The net increase in f the floating debt since the beginning of the financial year is £77,930,000 and the total outstanding is £919,685,000, compared with £901,380,000 at the corresponding date in 1937.