AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23161, 6 October 1938, Page 9

AUSTRALIAN EXCHANGES

AN EASING IN LEVELS . PROFIT-TAKING- DEVELOPS (Received October 5, 8.30 p.m.) • SYDNEY, Oct, 5 Further on the Stock Exchange to-day caused a minor easing in most leading industrials and turnover was smaller. The market otherwise was unchanged. Salp included: —* £ 8 <1 Bank New South Wales .. .Ml 2 0 Conimercial Banking Sydney 20 0 0 E., S; anil A, Bank . .. 5 3 0 Nat. Bank A'asia (£10) .. -33 10 0 • Union Bank .. .. 8 ,9 0 Bank N.Z. .. .. . . 22 (J United Insurance . . .. 30 0 0 . Coldsbrough-Mort .. 1 7 0 Australian Gas A (new) .. 0 10 0 Tooheys .. .. .. 110 3 Ditto .. .. : .. 1 0 0 Tooth's Breweries .. 213 0 British Tobacco .. . ;2 0 7% Ditto 2 7 0 Broken Hill Pty. .. .. 210 3 Burns-Philp . .". .. 211 0 Colonial Sugar .. .. 40 16 0 Dunlop-Perdriau .. .. 10 0 Electrolytic Zinc .. ... 2 1 0 Felt and Textiles .. ... 112 \Q Feilding .. . . .. 4 2 0 Farmers ~ .. 1 10 G Grimley .. .. .. 10 0 Meggitts .. .. .. 1 8 0 Sargents .. .. .. 10 0 Tuubmans .. .. .. 019 0 W. Adams 0 14 0 Woolworths (Sydney) .. 1 14 Westingjiouse .. .. 0 10 0 Mount Morgan .. .. 0 11 0 Mount Lyell .. .. 17 0 Emppror 0 12 10 Loloma ...• .. .. 14 0 Commonwealth Bonds.—l per cent, 1038 £lOl 3s Od; 1014, £lO3 2s (id; 1001, £lO2 13s Od. •« MELBOURNE EXCHANGE On thb Melbourne market Commonwealth loans 7were steady. Interest in hank shares was maintained. Breweries were quiet , and other leading industrials a shade-easier on light-trading. Business included - '■ _ ■ ~ . ■■ ' ,v. £ s' id Commercial Bank Australia o 16 S National Bank A'asia (£0) . 613 0 Ditto (£3Oj .. .. 13 13 0, Goldsbrough-Mort .. .. 1 7 0' Melbourne Invest. Trust ~ Oil 0 Aii§t. Foundation Trust . . 0 5 0 Australian Paper Mfrs. (pi.) 15 0 Australian Glass .. .. 4 11 0 Broken Hill Pty • 2 -16' 0 Drug Houses .. . . 15 9' Dunlop-Perdriau .. .. 10 3 Electrolytic Zinc .. .. 2 10 Ditto (pref.) ..... 203 G. J. Coles . . . . . . 3 17 0 Imperial Chemicals (pref.) . 119 Mount Morgan .. .. 0 11 1 Mount- Lyell •. .. .. L 7 0 North Broken Hill .. .. 2 4 3 Emperor .. .. .. 0 12 11 Loloma .. • .... 147 FOREIGN EXCHANGES STRENGTHENING IN DOLLAR British Wireless RUGBY, Oct. 4 The following rates on foreign exchanges are current, compared with the cabled quotations on October 1 and par:— . Oct. 4 Oct. 1 Par Montreal, dol. . . 4.83 4.85 4.500 New York, dal. 4.78% 4.82 4.50 Paris, fr. .. 179 1787 a 179.00 Brussels, belga.. 28.30% 28.53 35.00 Geneva, fr. .. 21.02/-, 21.18 25.22 Amsterdam, , gr. 8.81 8.80 12.10 Milan, lire .. 01 %:. 91% 92.00 Berlin,, m .. 11.93% 12.04 20.13 Stockholm, kr... 19.41% 19.39 18.159 Copenhagen, kr. Oslo, kr. .. 19.90 19.90 18.150 Vienna, sch. t t 34.585 Prague, kr. .. 140 140 104.25 Helsingfors, mark 226% 220% 103.23 Madrid, pes. .. t t 25.221 Lisbon, escu. .. 110% 110 M 110 Athens, dr. .. 547% 547% 375.00 Bucharest, lei... 660 660 813.6 Rio de Janeiro, m. 2 l 7i 6 d* 2 l Vi»d* 5.800 d Buenos Aires, pes. 18.99% 19.02% 11.45 Montevideo, dol. 10% d 20d 51d Bombay, rupee.. 17"/# d 17 J % 8 d 18d Shanghai, dol. . B%d S'/d • .Hongkong, dol. IGd 15d Yokohama, yen 14d 14d 24.55 d Batavia, gr. .. 8.77 8.34% 12.10 Belgrade, din... 210 210 270.31 Warsaw, zloty.. 43.38 43.38 1 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. . . . 3.83% 3.86% On demand .. 3.83"/ la 3.80%

Buying: On s demand. 3.88% 3.91%» Following are the latest rates for purchases ancl sales of foreign exchange quoted by the Bartk of South Wales, Auckland. They are subject to alteration without notice: — To jeiN.Z. • T.T. On Demand Currency Selling Buying Selling U.S.A., dol. .. -3.8473 3.8884 3.8483 Canada, dol. '3.8750 3.9162 3.8700 Belgium, .belga 22.642 23.027 22.647 Czecho'vaKia, cr. 311.05 Denmark, kr. . 17.893 18.203 17.895 Finland. Fin. Ms; 179.62 185.82 179.72 France, fr. 142.81 —. 142.83 Germany, r.m. . 9.519 Greece, drachmas 430.74 Holland, fl. .. ■ 7.028 7.218 7 030 Itajy, lire .. 72.98 Java, fl. ... 7.000 7.190 7.002 Norway, kr. .. 15.891 10.241 15.894 Noumea, fr. .. 141.00 Papeete.fr. .. 141.21 Sweden, kr. .. 15.502 15.857 15.505 Switzerland, fr. 16.809 17.184 , 10.811 N.Z. pence to—

Chefoo, dol. .. - Nominal Hongkong, dol. 18 53-64 18 27-64 18 53-64 India, rupee .. 2213-32 22 3-32 2213-32 Ceylon, rupee . 2213-32 22 3-32 2213-32 Japan, yen . 17 9-10 Manila, peso . 3123-64 30 39-61 3123-64 Shanghai, dol. Nominal Singapore, dol. 34 57-64 34 5-16 34 57-64

The cost jn New Zealand currency of the pound sterling, and of the principal ovorscas units, on the latest quotations, is as follows:- . Present Price Par '.Bd 8 d ■ London, pound ~21 10.05 20 0.00 Australia, pound .. 19 11.40 20 0.00 Fiji,- pound-. .. 22 5.66 . 20 0.00 New York, dollar-.. 6 2.42 4 1.31 Montreal, dollar .. .. 5 1.80 4 1.31 Paris, franc . V. -, 0 i[-1.67 0 1.34 Berlin, reichgmark .. 2 0.74 0 11.74 CopenfiSLgen, krone .. 1 ; y132 1 1---Yokohama, yen .. 1 • 5.41 2. 0.68

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels'named are shown in the following table: — Temple Moat, Canada, dollars •. .. 4.89 Temple Moat, America, dollars,.; .. 4.86 Armadale, America, dollars .. .. 4.81 Armadale, Qanada, dollars ... .. 4.84 Aorangi, Canada, dollars .. .. 4.82 Aorangl,- America, dollars .. .. 4.80 Dalfram, Canada, dollars- .. .. 4.83 Dalfram, America, dollars .. 4,82 Kaimata, Canada,'dollars .. .. 4.83 Kaimata, America,-dollars .. .. 4 80 Tolten, Canada, dollars .. .. Toltcn, America, dollars .. .. 4.82. Tasman, Singapore dollar .. .. 2s 3 / B d Tasman, Netherlands Indies, gulden .. 8.01 TRADER'S FINANCE, SYDNEY ' 1' •' By a substantial majority, shareholders of the Traders' Finance Corporation,' Limited (Sydney), at the annual meeting last week, rejected a resolution that the directors should bo requested to take steps to return 2s a share to' the shareholders. This amount represents the amount by. which the capital of the company, was reduced in 1934;

CALL AND DIVIDEND LIST Dividends— Due Howard -Smith—pret., quarterly, , (» p.c. p.a.. ... .. .. To-day Milnp and Choyce—final, pref., 3 p.'C.; B pref;. 3'/a p.c.j ord.,. and deb.. 2Va p.c. .. Oct. 10 Wool worths (Syd.)~ int.. 0 p.c..'. Oct. IB Woolworths (N.Z.) —prof., halfyearly. 4% p.c. • v, .. Oct. 15 C. L. Inncs —pref. and ord., 8 pf.c., p.a. .. Oct. 15 Burns, Philp (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 share Oct. 2G United Provisions —ord., 3 p.c. pref., final, 4 p.c. .. Oct. 28 Drug .Houses of Au9t., Ltd.— filial, 3Va p.c. . .. .. Oct. 31 Martha—int., Od a share, tax free, sterling . . . .. Nov. l • Australian Iron and Steel—pref., . half-yearly, £5 18s 3d p.c. Not. 1 Macky Logan—int., 2'A p.c. .. Nov. 1 Calls— K Y';<Wool worths Props.—los a share Oct. 81'