AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23155, 29 September 1938, Page 9

AUSTRALIAN EXCHANGES

PRICE FALLS CHECKED LOANS GENERALLY WEAKER (Received September '2S, 0.30 p.m.) SYDNEY, Sept. 28 The Stock Exchange price falls today were almost checked, but Government loans weakened in most cases to below par. .Business included: i' s (i Bank New South Wales .. '2O 10 0 Ditto -l) 5 0 Commercial Hanking Sydney J!) 13 0 United Insurance .. .. I) JO 0 (ioidiihroiiKh-Mort . . .. 15 0 Pelt and Textiles . . .. i. 7 0 'l'ooth's Breweries . . .. ' - 7 0 Ditto . . .. '2 7 <> Toohey's ('ex div.) . . . . 1 (i I) Ditto 1 (I 0 Anthony Hordern 0 I I 'I Australian Gypsum . .. 0 1.8 5 Australian Glass . . . . 1 5 O Amalgamated Wireless (con.) 2 13 o Broken Hill Pty. .. .. '2 13 3 Ditto '2 1J 3 British Tobacco . . '2 3 <> Ditto (pref.) . . . . into Colonial Sugar .. .. -13 15 O Ditto 4:1 t) 0 David Jones .. .. ill!' Dunlop-Perdriau . . o in o Ditto O 18 3 General Industries .. .. 0 .17 3 J. Fielding . . . . . . ,3 J7 (i Henry .Tones .. .. '2 5 0 Kamlos Cement . . . . t - i» Moris Dock Oil 3 Millaquin Sugar . . . . 113 0 Standard Cement .. .. 017 (5 Sargents . . .. 110 United Provisions . . . . O (> !> Waldas Shoes .. 0 0 0 Woohvorths (Sydne\) .. <> 10 3 Mount Morgan . . 0 JO 0 North Broken Hill . . . . 2 0 (i Rniperor . . .. 0 10 0 Loloma . . . . 0 10 0 Common.vealth Bonds.—l per cent; JJIOI Ids 3d: Mill, £H>O 18s fid. MELBOURNE EXCHANGE On the Melbourne Exchange there was a further marking down of all bond issues with other sections of the market also weaker. Sales included: — £ S <1 Commercial Bank Australia 011 '2 Melbourne Invest. Trust .. 010 '2 Felt and Textiles . . . . 1 ,8 J) Howard Smith . . . . () 15 0 Carlton Brewery ... '2 lit G Aust. Iron and Steel (pref.) 1 -1 0 Australian Glass . . . . 13 0 Broken Hill Pty. . . '2 11 0 British Tobacco . . . . "2 '2 0 Dunlop-Perdriau .. .. 018 0 Ditto (prof.) .. 1 17 «> Drug Houses . . . . 13 0 Electrolytic Zinc .. .. 1 15 3 Ditto (pref.V . . . . '2 1 6 G. ,T. Coles 3 113 Herald and Times .. . . '2 11 0 Hume Pipe . .. .. . o IS (> Victoria Nyanza .. 0 13 0 Mount. Morgan . . . . o !) 0 Mount Lyell . . .. 15 0 North Broken Hill .. '2 0 0 Broken Hill South . . . . 10 0 Emperor .. . . o 10 1 Loloma . . . . . . O 111 li FOREIGN EXCHANGES

DOLLAR AGAIN APPRECIATES British Wireless RUGBY, Sept. 27 The following rates on foreign exchanges are current, compared with the cabled quotations yesterday and par: Sept. 27 Sept. 20 Par Montreal, d 01... -1.70% 4.71)% -1.800 New York, dol. 1.7;? 1.. .V-i l.sii Paris, fr. .. 178% 175% 170.00 Brussels, belpa.. J 28.00 35.00 Geneva, fr. .. J I .'jr> 25.22 Amsterdam, pr. S.Sl'/i 8.02% 12.10 Milan, lire .. 00 00 T /, n 02.00 Berlin, r.m. .. 12.00 12.0o 1 /, 20.-13 Stockholm, kr... J io.3oVi 18.150 Copenhagen, kr. 22.10 22.10 15.1.i1l Oslo, kr. .. 1 {1.1)0 111.ill) 18.15!) Vienna, sch. . . 2«Vit 2«'-»+ 31.585 Pratrue, kr. .. 337 138 km. Helsinpfors, mark 220% 220% 103.23 Madrid, pes. . . r>">t ."it 25.221 Lisbon, escu. .. llO'M, 11oV,« 110 Athens, dr. .. ~>l~% st7'/ 2 .'{75.00 Bucharest, lei... (too <>(>o 813.0 Rio de Janeiro, m. 2 3 Vi»d 2 31 / 33 il 5.800 d Buenos Aires, pes. 18.80V3 IR.B7Vi 11.-15 Montevideo, dol. '_>< id 20(1 .">ld Bombay, rupee . 17 a ®^ a d * 17 3 "-, 3 d' 18d Shanghai, d 01... s%d B%d Honsrkonir, dol. I.'xl . I."id Yokohama, yen lld lld 2t.sSd Bafavia. gr. 8.00 s.ooyj 12.10 Belgrade, din... 211 211 270..' H Warsaw, zloty. . 25.02 25.02 43.3S tNominal. JNot received. '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. .. .. :».7« 13 /ia On demand . . 3.77'/i« 3.81 Buyintr: On demand . . 3.83 i y ia O.S-S'/i* 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 111 NX T.T. On Demand ('urrencv Sellinsr Buying Selling U.S.A., dol. . . 3.78.-, I 3.832<> 3.7801 Canada, dol. .. .3.8511 3.0023 3.8521 Belgium, beljra 122.320 22.715 22.325 Czccho'vakia, cr.- 1u0.71 Denmark, kr. . 17.808 18.288 1^.870 Finland, Kin. ms. 170.20 ISO.OO 170.30 France, fr. .. 112.21 Germany, r.m. . >ominal Greece, drachmas 120.5-1 Holland, fl. .. 7.020 7.200 7.022 _ Itiily, lire .. 71.030 Java, fl. .. 7.010 7.220 7.012 Norway, kr. , . 15.882 10.2.>2 1;>.88.> Noumea, fr. ... 130.10 '•'{"• tO Papeete, fr. .. 13!). II _ 130.1.J Sweden, kr. 1 .->.405 15.870 I.>.K_>B Switzerland, fr. 10.870 17.315 10.872 N.Z. pence to —- C'hefoo, dol. . . Nominal Hongkong. dol. 18 01-01 18 |o-(>l 18 01-(11 India, rupee .. 22 31-(>1 22 1-01 22 31-fjl Ceylon, rupee . 22 31-0 1 22 1-01 2231-01 Japan, yen . . 17% Manila, peso 31-15-01 30 30-01 31 -1 o-C-1 Shanghai, dol. Nominal Singapore, dol. 35 31 11-0-1 35 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on tlie latest quotations, is as follows: Present Price Par s d s d London, pound .. 21 10.05 20 0.00 Australia, pound .. no 1 Kto 20 0.00 Fiji, pound . .. 22 5.00 _0 0.00 Now York, dollar .. 5 3.12 4 1.3] .Montreal, dollar .. 5 1.80 4 1.31 Paris, franc . .. .0 J. 07 o ..U Berlin, reichsmark .. 2 o.B< 0 1J• < i Copenhagen, krono .. 1 1.32 1 1■« Yokohama, yen .. 1. 0.-l 1 - O.ob

CUSTOMS EXCHANGE RATES Final I v 'declared rates of exchange ruling at the date of departure of vessels named are shown in the following tabl<*: KoV.it n Maru, Japan, yen .. .. lid Naumburg, America, dollars .. •.« Temple Moat, Canada, dollars .. 4.K Temple Moat, America, dollars .. 4.SJ City of Glasgow, Canada, dollars .. '!.«<> City of Glasgow, America, dollars .. <I.BB Mariposa. San Francisco, dollars .. ■»-«!_* Mariposa, Los. Angeles, dollars .. 4*>u

DURBAN'S BUILDING BOOM

£3,000,000 SPENT IN A YEAR

Durban building records were broken in the corporate year front August. 19.'37. to .1 ulv this year, when plans for building having an estimated value of just under £3.000.000 were passed by the Citv Council. The extraordinary upward tendency of the citv's building graph is indicated by the fact that in -032-33 the buildings for which plans were passed had a total value of only £373.002. The increase is thus practically one of 800 per cent'in six years. The progress of the building boom is shown by "the annual totals of estimated costs from 1932-33 to the present day. Those totals are:— 1932-33 137:3.002 (1021 plans); ]<)33-3l! £1,015,5!)! (Kill plans); ]O:W-3">, £1.182,313 (1 (527 plans); lS);}r>-:3oi £1,291.311. <lO2l plans); 10:3(3-37 £2.001 ,(330 (10(51 plans); 1037-38,' £2,030.(581 (21(57 plans). EGG PRICES UNCHANGED ...The Auckland Egg Marketing Committee announces that wholesale egg prices are unchanged, as follows: — Hen: First grade, Is 4Jd a dozen; B grade, Is 3Jd. Duck: First grade. Is 4Jd li dozen; 13 grade, Is 3{d. Country storekeepers' minimum buying prices for first grade eggs are; —Hen, 1b a dozen; duck, Is. ,