AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23171, 18 October 1938, Page 5

AUSTRALIAN EXCHANGES

BRIGHT MARKETS METAL ISSUES STRONGER (Received October 37, 0 p.m.) SYDNEY, Oct. 17 The sharemarket was bright to-day with a healthy undertone, but there were only minor price changes. Sales included:— ' £ ■ a d

FOREIGN EXCHANGES 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 3.78 V,. 3.83% On demand-.. 3.78% 3.83'/S Buying: On demand .. 3.83%» 3.89 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. .. 3.7042 3.8330 3.7902 Canada, dol. .. 3.8528 3.8940 3.8538 Belgium, belga 22.403 22.788 22 408 Czecho'vakia, cr. 109.72 Denmark, kr. . 17.893 18-283 Finland, Fin. ms. 179.59 1b0.<9 France, fr. .. 142.58 Germany, r.m. . 9.423 Greece, drachmae 426. <2 -0-87 Holland, fl. .. 6.0-16 7.136 6.948 Ttalv lire .. 72.158 Java" fl QmO 7.110 6.922 Norway kr. .. 15.802 16.242 15.805 Noumea, fr. .. 140.83 Papeete, fr.. .. 140.98 Sweden, kr. .. 15.199 15.8j>4 15-52? Switzerland, fr. 16.<10 1/.094 16.7-1 N.Z. pence to— Chefoo dol. . • / Nominal Hongkong, dol. AS 45-64 18 5-16 18 45-64 India, rupee .. 22 21-64 22 _/-64 Ceylon, rupee . 22 27-04 22 7-64 2-- <-04 Japan, yen'".. 17 9-16 iU's/ Manila, peso . 31% 31. 31/« gSSS& S: 3415-16 342304 34 15-10 The 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 10.05 20 0.00 :: 8 « S| New York, dollar .. 5 3.0j) 4 1.31 Montreal, dollar .. 5 -.10 4 1.31 Paris, franc ... « !•?/. H Berlin, reichsmark .. 2 1.19 V ioo •WteTiSr:: 1 fcK « «ss

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: — Armadale, Canada, dollars .. .. 4.84 Armadale, America, dollars .. .. 4.81 Kaimata, Canada, dollars .. .. 4.83 Kaimata, America, dollars .. .. 4.80 Tolten, Canada, dollars . .. • • 4.83 Tolten. America, dollars . .. •. 4.b.i BROWN EWING EARNINGS INCREASE IN EXPENSES [BY TELEGRAPH —OWN CORRESPONDENT] DUNEDIN, Monday Although both' turnover and gross profit again show a considerable increase, the whole of the increased profit earned by Brown. Ewing and Company, Limited, a drapery firm, during the year ended August 15, was taken up,by increased expenses, mostly due tu higher wages. After allowing for depreciation and land and income taxes, net profit is £2026, compared with £2372 in the 1937 period. The usual dividend of 5 per cent on preference shares is declared, and the directors recommend payment of 4 per cent on ordinary shares, unchanged. After payment of these dividends, tho sum of £329 will bo carried forward, against £553 brought in. WAIKATO EGG PRICES RISE OF ID A DOZEN [from our own correspondent] HAMILTON, Monday ' The Waikato Egg Marketing Committee announces a Id rise in the retail price of hen eggs. Current rates are now Is 5Jd a dozen for A grado eggs and Is 4jjd a dozen for B grado eg«s. Duck eggs remain unchanged at Is 4d for A grade and Is 3d for B grade. The rise in the price of hen eggs is due to a falling off in supplies and to the steady demand existing. The previous rates were the lowest reached this season. Prices are expected to rise from now until Christmas. CALL AND DIVIDEND LIST Dividends — Duo Guar. Corpn.—final, 2d a share Oct. 26 South British—final, BV a d a share Oct. 27 United Provisions —ord., 3 p.c. p.a.; prof., final, 4 p.c. i. Oct. 28 DrufC Houses of Aust., Ltd. — final 3Va p.c Oct. 31 British Tobacco —pref., quarterly, 0 1 / a P-c- P-a. • • • • • 31 Martha—int., Od a share, .tax free, sterling . .. Nov. 1 Australian Iron and Steel—pref., half-yearly, £5 36s 8d p.c. . Nov. 1 Macky, Logan—int., 2VS p.c. .. Nov. 1 Bank of Adelaide —int., 5 p.c. p.a. .. v Nov. 2 Emperor Mines—ls a share .. Nov. 10 Broken Hill Pty.—half-yearly. Is 3d a share; new, Gd a share Nov. 23 Nat. Bank A'asia—int., 6 p.c. p.a. Nov. 30 Galls—— Woolworths Props.—los a share . Oct. 81 Broken Hill Ply.—new, 5s a share Nov. 30

Commercial Bank Sydney .. 20 r> 0 Commercial Bank Australia 0 id lOVa Adelaide Steam 1 12 9 Howard Smith 0 19 0 Tooth's Breweries 2 14 (1 Ditto o 15 0 Toohey's I 10 9 Anthony, Hordem 0 10 4 Associated News 1 1 3 Ditto (pref.) 1 3 0 Australian Class 4 14 0 Australian Gypsum 1 0 a British Tobacco 2 7 0 Bums, Fhilp f 2 13. 3 Broken Hill Proprietary o 18 O Colonial Sugar 48 r» 0 David Jones 1 15 n ' Dunlop-Perdriau 1 0 77, G. J. Coles 3 ID 0 General Industries 0 18 0 Lustre Hosiery 1 1 3 Standard Cement 1 0 0 Meggitts 1 0 7 W. Adams 0 14 7 Wool worths (Syd.) 1 0 n Mount Morgan Ditto (N.Z. delivery) .. 0 11 4 0 11 4 Mount Lyell 1 10 9 Mataki Gold 0 1 0 Kuala Kampar .. o is O Larut Trn 0 12 9 Bulolo Gold 7 0 0 Placer Development.. 3 10 9 Oil Search 0 8 10 Commonwealth Bonds.—i per cent, 1944, £101 «s 3d; 19-17. £101 18s 9d; 1959. £101 12s 6d; 1961, £102 12s 6d. \ MELBOURNE EXCHANGE 1 On the Melbourne Exchange bank shares were quiet, but other leading investments firmed. Barriers were strong on the latest overseas developments. Business included: — £ 8 d Commercial Bank Australia 0 10 11 •E„ S. and A. Bank . 5 5 6 Bank of Australasia 10 5 0 Goldsbrough-Mort 1 0 6 Melbourne Invest. Trust 0 10 6 Adelaide Steam 1 12 3 . Howard Smith 0 19 6 Felt and Textiles .. 1 11 3 Aus. Paper Mfrs. (pref.). . 1 4 !) Aus. Iron and Steel (pf.) 1 e io Australian Claws 4 11 9 British Tobacco n 7 0 Broken Hill Proprietary . . o 18 (> Dunlop-Perdriau I 0 8 Electrolytic Ziuc >2 4 0 Ditto (pref.) .. 2 7 o G. J. Coles . . 4 0 0 Mount Morgan 0 11 5 Mount Lyell 1 no 9 North Broken Hill.. .. 2 n 0 Broken Hill South.. 1 13 3