AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23160, 5 October 1938, Page 11

AUSTRALIAN EXCHANGES

A STEADIER TONE HEAVY TRADING RECORDED (Received October 4, 0 p.m.) ; , SYDNEY, Oct. 4 A steadier tone prevailed oil the Sydney Stock Exchange to-day, and. in the course of heavy trading over a wide field a few loading industrials suffered a slight reaction. ~ Government loans, however, continued to advance. Sales included:— ■« . v . ■ £ h ' d Bank Now South Wales ... ill 2 (I Ditto .. ... :.v 31 r> o Commercial Bank Australia () 10 i) National Bank A'asia (£5) 010 0 Union Bank .. . . .. 8 0 0 Wilcox Moillin .. .. 0 6 0 Goldsbrough-Mort ? .. .. 17 0 Ditto • • • • • • 17 0 \ Huddart-Parker .. .. 'J 0 0 Breweries . . .. 214 0 Ditto 213 0 Toohey's .. .. . ? 1110 Ditto .. 1 10 (! Australian Gypsum .. .. 1 0 4% Associated News ~ .. 1 1 0 Ditto (pref.) .. .. 1 3 3 Anthony Hordern .. .. 010 3 Broken Hill Proprietary .. 210 0 Ditto . .. .. ~ 2 16 3 British Tobacco .. '.. .27 0 Ditto 2 7 0 Colonial Sugar . .. 40 10 0 David Jones .. . . . . 1 16" 9 , Dunlop-Perdrlau .. .. 10 0 Eleetrolytix Zinc .. .. .2 1 0 G.J.Coles... .. .. 3 17 3 General Industries .. 0 18 0 Kandos Cement, .. .. 1 4 3 Ludowicl ~ .. .. 1 3 0 Mark Foy .. . - 018 4 Malloys , v . : .. .. 0 10 0 Standard jCeraont .. 0 19 0 , Peters < ® . .. 2 0 0 United Provisions .. .. 0 8 0 Woolworths (Syd.) .. .. 116 Warbnrton, Franki .. 10 0 W. Adams .. .. .. 014 3 Mount ~ Lyell . .. .. 17 3 &VLa?ut .. .. '• .. 012 6 Placer Development .. .. 3 18 0 Jjoloma .. .. .. 14 7 Commonwealth Bonds.—i per cont, 1011, £lO3 2s Gd; 1017, £lOl 17s Gd. MELBOURNE EXCHANGE A quieter tone in the investment mnrket eo'ntinued on the Melbourne Exchange. Bank stocks'were still in good demand. Barriers were firm and gold stocks active. Business included: — , • " £ s d . Commercial Bank Australia 010 7 National Bank A'asia (£5) 013 0 ' Huddart-Parker .. .. 2 0 .5 Carlton Brewery ..... .. 3 3 3 Paper Mfrs. (pref.) .. 15 0 Aust. Iron and Steel (pref.) 17 0 British. Tobacco 2 7 3 Broken Hill Proprietary .. 216 6 .. 10 7 Ditto (pref.) .. .. 1 17 0 Drug Houses .. .. 16 0 Electrolytic Zinc .. .. 2 10 Ditto (pref.) .. .. 2 6 6 G. J. Coles .... .. 3 17 0 Henry Jones . ~ .. 2 8.0 Herald and Times .. ... 2 18 0 Imperial Chemicals (pref.) .. 1 10 Mount Lycll .. „.. 1 7 3 ' . Broken £lill South ... .. 100 North Broken Hill .. .. 2 4 6 .Emperor .. .. 0 12 0 Loloma ' /.. * .. V 4 0

FOREIGN EXCHANGES DOLLAR AT 4.80 TO POUND LONDON. Oct. 3' Quotations on the foreign exchange market include:—New York. 4.80 dol- ' lars; Paris, 179 franc; Batavia, 8.81 gr. The usual 'foreign exchange quotations transmitted by British Official Wireless were not received. Tlie 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 d s d London, pound .. 2-1 10.65 20 0,00 Australia, pound .. 19 11.40 20 0.00 Fiji, pouna . .. 22 20 0.00 New Vork, dollar .. 5 2.10 4 1.31 Montreal, dollar .. 5 1.55 4 1.31 Paris, franc ; .0 1.07 0 ,1-34 Berlin, reichsmark .. 2 0.74 , 0 11.74 Copenhagen, krone .. 1 1.32 -'I l.pYokohama, yen '.v. 1 5.41 2 0,00 NEW ZEALAND QUOTATIONS' Thp Associated Banks (other the Bank of Now South Wales) quoted the. following dollaryatds, yesterday v on a New Zealand currency bhsis, subject to alteration without notice: — Selling: * United States Canada T.T. ... .. 3.815'/, 6 3.83»/„ On demand .. 3.83% 3.505-4 On demand .'. 3.87 13 / ta 3.90% Following are the latest rates for purchases and sales of foreign exchange quoted bv 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. .. 3.841!) 3.8800 3.8-120 Canada, dol. • • 3.8(594 Belgium, belga 22.(J(i< 23.00_ Czecho'vakia, cr. 111-45 - 111.47 Denmark. kr. . 1<.89.J 18.-63 Finland, Fin. ma. 170.02 185.82 ! France,' fr. .. 142.88 .Wlio Germany, r.m. . 9.500 Von cu Greece, drachmas 430. <4 Holland, fl. .. 7.028 7.218 7.030 Italy lire .. 72.939 Java fl. .. 7.0(H) 7.190 - 7.002 Norway, kr. .. 15.892 lti.ti-12 2 V Noumea, fr. .. I'Hoc Papeete, fr. .. 141.28 -- 141.3Sweden, kr. .. 15,199 15.854 Ju.002 Switzerland, fr. 10.i<3 1/.1-18 ld.iio N.Z. pence to— • . , 18 63-M SB* JSJMt SSnr™™'. Sims Ka-li-j ajhiwa ISSVS'.- 3157-W I> STSO 3107.01

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table;— / Nadmtfurg, America, dollars .. .. 4.80 Temple Moat, Canada, dollars .. 4.80 Ternplo Moat, America, dollars .. 4.80 POLICY OF TOOHEYS 1 ADDITIONS TO RESERVES . •'/ y/ Tho intention of the directors of Toohcys, Limited, Sydney, gradually to add to reserves was declared by the 'chairman, Sir 'Mark Sheldon, at the annual meeting recently. Although present reserves might appear sufficient against capital, stated the chairman, they had to keep in mind their responsibility in connection with Tooheys Securities, Limited. The amount received by tho Commonwealth Government from beer exeiso for the year ended Juno 30, 1938, was £6,921,451. This compares with £6,109.526 for the previous year, and is the highest total for at least 16 years, "Any increase on thp present rate would show a diminution in total revenue from that source,",- Sir Mark added. , , v .r- , •' - MINING SHADES IN LONDON LONDON, Oct. 3 Quotations in tho mining market to-day included;— New Guinea Gold,'ls. CALL AND - DIVIDEND LIST Dividends' — . • , , rt ®"° N.Z. Newspapers—int., 8d a sharo To-day Howard Smith—prof:, quarterly, ■ .0 p.c. p.a. » j .. .. To-morrow Milno and Choyce—final, pref., 3 p.c.; B pref.. 3% P-c.; ord., . and deb,, Uy» P,.c. .. .. Oct. 10 " Woolworths (SydJ—int., 0 p.c. >. Oct. 35 Woolworths (N.E.) —pref., halfyearly, i/ 3 p.c. .. .. Oct. 15 C. L. Innes —preL and ord., 8 p.c. p.a. .. .. .. Oct. 15 Barns, Pnilp (South Sea) —int., 7d a snare .. .. .. Oct. 15 Amalgamated Wireless (A'asia) — final, 5 p.c.: bonus, 2 p.c. .. Oct. 15 Guar. Corpn.—final, 2d a sharo Oct. 20 United Provisions—ord., 3 p.c. p.a.-, pref., final, 4 p.c. .. Oct. 28 Drug Houses of Aust., Ltd.-*— , final, 3y a p.c. . .. .. Oct. 31 Martha—int., Od a share, tax free, sterling Nov. 1 Australian Iron and Steel—pref., half-yearly, £5 10s 3d p.c. Nov. 1 , Calls—- ! Woolworths Props.—loß a share Oct. 31