AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23178, 26 October 1938, Page 9

AUSTRALIAN EXCHANGES

MINOR rJUCE CHANGES GLASS SHARES REACT (Received October 25, 8.20 p.m.) SYDNEY, Oct. 25 With buyers showing little ineliunion to trade, only minor price changes ■ere recorded on the Sydney Stock h\hange to-day. Australian Glass were übjected tu profit-taking and displayed j eaetion. Buse metal shares were in- : etive. Sales included: — £ H (I | Bunk of Australasia .. Jo 0 o Hank of Adelaide . . . . 0 l 0. j Hank of New South Wales 30 IT O Commercial Banking Sydney 20 1 0 Felt and Textiles .. .. 11l II Winchcombe Carson .. .. 1 «» Adelaide Steam .. .. I 12 3 | Tooth's Brewery .. 215 0 | Ditto - 11 ' 0 Associated Newspapers .. 110; Australian tllitss 4 18 0 Aust. Guarnntee Corp. .. 1 1 0 | Australian (iypsuin . . .. 10 0 | Anthony Hordern .. .. 0 15 0 British Tobacco .. .. 2 8 0 Ditto 2. 8 » j Broken Hill Pty 2 18 3 Ditto 2 IS o Cash Orders .. .. .. 0 10 9 Colonial Sugar .. .. 48 15 0 Drue Houses . . . . 1 ft 0 Electrolytic Zinc .. .. 2 5 6 ; Ditto (pref.) .. .. 2 8 0 C,. J. Coles .. .. 3 1!) 0 Hume I'ipe (Aust.) . . . . 0 10 9 Kandos Cement .. .. 10 3 Lustre Hosiery . . .. 115) Mlllaquin Sugar .. .. 1 10 0 Morts Dock 0 11 11 Bulolo Gold 7 0 0 Mount Lyell . , .. .. 1 10 B Nortir Broken Hill .. .. 2 it 0 Commonwealth Bonds.—4 per cent, 1050, CI 0.1 10s. MELBOURNE EXCHANGE On the .Melbourne market Australian }lass reacted on profit-taking. Investors were inclined to shade prices of eading industrials. Harriers sold well. Sold issues were quiet. Business included £sd Commercial Bank Australia,, o 10 8 Goldsbroueh-Mort .. .. 100 Yarra Kails .. .. .. 1 10 0 Adelaide Steam . . . . 112 O Howard Smith .. .. 0 10 3 Australian Glass ~ .. 4 10 0 British Tobacco . . . . 'J. R O Broken Hill Pty. .. .. 2 17 o Dunlop-Perdriau .. .. 10 5 Electrolytic Zinc .. .. 2 5 0 G. J. Coles .. .. 3 19 0 Herald and Times .. .. 2 17 o Hume Pipe (Aust.) . . . . 0 10 0 Imperial Chemicals (pref.) .. 12 7 Victoria Nyanza .. .. 0 14 0 Broken Hill South .. 1 12 0 Emperor .. .. .. 0 12 i» Loloma . . .. .. 14 0 Mount Morgan .. .. 011 0 North Broken Hill .. .. 2 110 FOREIGN EXCHANGES DOLLAR AND STERLING British Wireless RUGBY, Oct. 24 The following rates on foreign exchanges are current, compared with the cabled quotations on October 22 and par:— Oct. 21 Oct. 22 - Par Montreal, dol. . . 4.8<>% 4.79% 4.806 S'ew York, dol. 4.70% 4.75% 4.80 Paris.fr. .. 178% 178 u /„ 179.00 Brussels, bclga. . 28.15 28.13% 35.00 jeneva. fr. . . 20.97 20.00% 25.22 Amsterdam, gr. 8.75% 8.75% 12.10 Milan, lire . . 90%, 00% 02.00 Berlin, r.in. .. 11.88% 11.90 20.13 Stockholm, kr.. . 19.41 19.4.1 18.159 Copenhagen, kr. 22.40 . 22.40 18.159 Dslo, kr. .. ly.uo 19.90 18.150 Vienna, sch. t i 34.585 I'rague, kr. . . 135% 138% 1(54.25 ITelsingfors, mark 220'; 220% 193.23 Madrid, pes. .. + t 25.221 Lisbon, escu. .. 110% 110% 110 \thens, dr. . . 547% 517% 375.00 Bucharest, lei.. . 000 000 813.0 Rio de Janeiro, m. 3d* :td* 5.809 d Buenos Aires, pes. 19.02% 10.01% 11.45 Montevideo, dol. 20d 20d 51d Bombay, rupee. . 17*% 6 d lSd Shanghai, dol.. . Bdt Sdt ' — Hongkong, dol. lid 14 l %«d Yokohama, yen lid lid 21.58 d Bataria, gr. . . 8.75 8.74 ' 12.10 Belgrade, din... 211 211 270.31 tVarsaw, zioty . . 23.37 23.37 43.38 tNominal. JNot quoted. '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 3.78%, 3.81"/,„ On demand . . 3.78'%„ 3.82%« Buying: On demand .. 3.83% 3.87% 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. . . 3.7! KM) 3.8392 3.8000 Canada, dol. .. 3.8353 3.8785 3.8303 Belgium, belga •_"J.427 22.812 22.432 Czecho'vakia, cr» 109133 Denmark, kr. . 17.821 18.191 17.823 Finland, Fin. ms. 178.91., 185.11 170.01 France, fr. .. 141.05 Germany, r.m. . 0.441 Greece, drachmae 4'J8.08 Holland, fl. . . 0.959 7.149 tMHJI Italy, lire . . T'-M»5 "----O Java, fl. .. 0.930 7.120 0.938 Norway, kr. .. 15.828 10.178 15.831 Noumea, fr. .. 140.20 Papeete, fr. 140.35 Sweden, kr. .. 15.439 15.794 15.442 Switzerland, fr. 10.091 17.000 10.093 N.Z. pence to— Chefoo, dol. .. Nominal Hongkong, dol. 18 53-04 18 27-04 18 53 04 India, rupeo .. 22 33-01 22 13-04 22 33-04 Ceylon, rupee . 22 33-04 22 13-04 22 33-04 Japan, yen .. 17% —. 17/4 Manila, peso Nominal Shanghai, dol. Nominal Singapore dol. 35 5-04 31% 35 5-01 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, oil the latest quotations, is as follows: — Present Price Par s d s d pound . . —•"> 0.00 20 0.00 Australia, pound .. 19 11.88 20 0.00 Fiji, pound . .. 22 5.00 20 0.00 New \ork, dollar .. •"> 3.01 4 1.31 Montreal, dollar .. 5 2.50 1 1.31 I'aris, franc . .. 0 1.08 0 1.34 Berlin, reichsmark ~ 2 1.25 0 11. < l Copenhagen, krone.. 1 1.39 1 1-22 Yokohama, yen .. 1 5.50 2 0.58 CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named aro shown in the following table: —• Armadale, Canada, dollars .. .. 4.84 Armadale, America, dollars .. .. 4.81 Kaimata, Canada, dollars .. .. 4.8: i; Kuimata, America, dollars .. .. 4.80 Tolten, CaiiHda, dollars . ~ .. 4.Bft Toltcn, America, dollars . - 4.82 City of Lyons, Canada, dollars .. 4.84; City of Lyons, America, dollars .. 4.75 TRANSFERS TO FIJI INCREASE IN THE RATES Accompanying the increase in the New Zealand on London rate of exchange, which became effective on Friday, an alteration has also been inada in the rates quoted on Fiji. These aro now on the basis of £IOO New Zealand: Buying, £9O; selling. £BB 1-s Gd. At this rate £IOO deposited in New Zealand for transfer to Fiji will produce £BB 12s 0(1 in Suva, while a demand bill on Fiji for £9O will realise £IOO in New Zealand currency. Previously £IOO New Zealand pro diiced £B!)'in Suva, while a demand] bill on Fiji for £9O 7s <3d yielded £IOO in New Zealand.

NESTLE AND ANGLO-SWISS Nestle and Anglo-Swiss Condensed Milk Company (Australasia), _ Limited, reports a net profit of £199,177 for the year ended Juno 24, compared with £176,672 in the previous year. The dividend on the ordinary shares, which are all held by Nestle (Switzerland), has been increased from 10 to 12 per cent, and requires £120,000. Tho preference dividend absorbs £BO,OOO, and £B9l-"5 is carried forward against £9767 brought into the accounts.