AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23208, 30 November 1938, Page 9

AUSTRALIAN EXCHANGES

METAL PRICES FALL EASIER TONE GENERALLY (Received November 29, 0 p.m.) SYDNEY, Nov. 29 Sharp falls in metal prices had a depressing effect on the Stock Exchange to-day. Broken Hills fell to their lowest point for ninny weeks. Industrial shares were traded quietly with an easier tone. Sales included:—

COLONIAL SUGAR DIVIDEND INCOME TAX DEDUCTION Payment of the Colonial. Sugai; l?o----fining Company's interim dividend of 15s a. share in respect of shares held in the company as at November 2, 1938. will he made to-day. A portion equal to 24.9 per cent of the dividend is subject to New South Wales special income tax and this is deducted from the dividend payments. The deduction is calculated at lOd in the pound on the proportion subject to the tax. HUME STEEL, LIMITED L. " M . RECORD PROFIT EARNED The directors of Hume Steel,, Limited. Melbourne, have advised the Auckland Stock Exchange that the net profit for the year ended September .'lO ,was £41,702, after providing for taxation. The directors recommend a preference dividend for the half-year of 7 J per cent, per annum, payable, after the general meeting on December' 22. The profit is the largest made by the company, and compares with £40,312 last year and £B7OI in 1936. The preference dividend absorbs £7500. The ordinary shares are not listed. STOCKS OF RUBBER LONDON", Nov. 28 Present stocks of rubber, as compared with recent months, are:— Au(f. Sept. Oct. Nor. Tons Tons 'Tons Tons London .. 64.510 63,321 SD.Pfia 57,685 Liverpool. 34,004 34,682 33,656 Sl.OlB

_ £ b d Bank New South Wales . . 20 15 0 Ditto 20 31 o Commercial Banking, Sydney 20 7 <j Queensland National Bank.. -1 IS t) United Insurance .. .. 10 5 0 Australian Gas, B .. .. 7 7 O Tooth's Breweries .. .. 2 11 1) Associated News (pref.) .. 1 2 7% Australian Glass .. 5 3 0 Ditto .. . . 5 2 G Aust. Iron and Steel (pref.) 1 8 0 British Tobacco ... .. 2 8 0 Ditto . . .1.- . .. 2 7 it Broken Hill Pty. . . 2 10 0 Colonial Sugar .. .. 47 10 O Dunlop-Perdriau .. .. 10 0 Electrolytic Zinc .. 2 5 0 Gordon and Gotch .. .. 2 10 0 G. J. Coles mil il Grimley .. .. .. 1-2 0 Humo Pipe .. .. 0 10 0 Imperial Chemicals (pref.).. 13 0 Mauri Bros. . . . .. ii 0 ,6 Masonite . . .. .. 0 18 0 Nestle (pref.) .. .. 1 0 3 \V. R. Carpenter . . .. 2 2 0 AV. Atkins .. .. 12 0 Mount Morgan .. .. 0 0 4 Kuala Kampar .. .. O 17 6 Taranaki Oil .. . . 0 11 0 Commonwealth Bonds.—1 per cent, Ift.'iS, £101 16s 3d; 1041. £100 12s «d; 1011, £101 (js 3d; 1050. .€102 7s Gd; 1053, £103 2s (3d. MELBOURNE EXCHANGE On the Melbourne market leading industrials were easier owing to continued hesitancy overseas. Bonds remained firm. Fijian gold shares were weaker and oil prospecting; stocks were out of favour. Business included:— £ s d Commercial Bank Australia 0 Hi o E. S. and A. Bank . .. 5 7 0 National Bank A'asia (£5) (J 11 0 Goldsbrough Mort .. .. 1 8 a Yarra Falls .. . . 1 10 0 Felt and Textiles .. .. 1 11 6 Carlton Brewery .. .. 3 7 0 Australian Glass .. .. 5 2 0 British Tobacco .. .. 2 8 0 Broken "Rill Pty. .. .. 2 30 O Dunlop-Pcrdriau .. .. 1 o 0 Drug Houses .. .. 13 1 Electrolytic Zinc .. .. 2 5 0 Ditto (pref.) .. .. 2 8 0 G. J. Coles 3 10 0 Henry Jones .. .. 2 10 n Herald and Times .. .. 2 10 3 Mount Morgan .. .. 0 9 6 Mount Lycll .. .. 18 0 North Broken Hill .. .. 2 7 0 Broken Hill South .. ... 18 1 Emperor .. .. .. 0 jo o Loionia .. .. .. 12 7 FOREIGN EXCHANGES APPRECIATION OF STERLING British Wireless RUGBY, Nov. 2S Te following rates on foreign exchanges are current, compared with the cabled quotations on November 26 and par:— Nov. 28 Nov. 26 Par Montreal, dol. .. 4.07% 4.00 4.860 New York, dol. 4.01% 4.<»3% 4.80 Paris, fr. .. 178"/™ 17S l %« 170.00 Brussels, belga.. 2<.78% 27.38 35.00 Geneva, fr. .. 20.74% 20.30% 25.22 Amsterdam, gr. 8.54% 8.51% 12.10 Milan, lire .. 83% "S3%, 02.00 Berlin, ran. .. 11.00% 11.50 20.43 Stockholm, kr... 19.11 10.41 18.150 Copenhagen, kr. 22.40 22.40 18.150 Oslo, kr. .. 10.00 10.00 18.150 Prague, kr. . . 135% 135% 104.25 Helsingfors, mark 220% 220% 103.23 Madrid, pes. .. t + 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. .. 517% 517% 375.00 Bucharest, lei... 055 055 813.0 Rio de Janeiro, m. 3%«d 3%„d 5.890d Buenos Aires, pes. 20.50 20.50 11.45 ; Montevideo, dol. 18 3 4d 18%d 5ld ! Bombay, rupee.. 17 l %«d 17'% # d 18d j Shanghai, dol... 8%d .S%d — Hongkong, dol. 15d 15d Yokohama, yen lid 14d 24.58d Batavia, gr. .. 8.51% 8.50 12.10 Belgrade, din... 211 211 2.0.31 Warsaw, zloty.. 25.55 25.55 43.38 NEW ZEALAND QUOTATIONS •The Associated Banks (other than the Bank of Now South Wales) -quoted the following dollar rates yesterday on a 1 New Zealand currency basis, subject to alteration .without notice: — Sellirig: United State3 Canada T.T. .. .. 3.69 l %e ' 3.71"/ie On demand ... 3.70 3.72% s Buying: On demand - ,. 3.75% 3.n/ a • 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. .. 3.7034 3.7574 3.7044 Canada, dol. .. 3.7170 3.7808 Belgium, belga 21.732 22.34/ -1.» 37 Gzecho'vakia, cr. 106.25 — Denmark, kr. . 17.080 18.2i8 11.688 Finland, marks. 170.00 186.oo l<0.10 France, fr. . ... 140.66 — 140.08 Germany, r.m. . 0.122 — 0.124 Greece, drachmae 418.08 — 418.83 Holland, fl. .. 6.731 7.020 6.733 Italy, lire .. 70.18- — 70.20 Java, fl. .. 0.003 0.093 6.605 Norway, kr. .. 15.704 15.767 15.707 Noumea, fr. .. 137.25 — 137.-0 Papeete, fr. .. 137.55 ■—- 13<.50 Sweden, kr. .. 15.317 15.870 15.320 Switzerland, fr. 10.177 10.717 10.1 <0 N.Z. pence lo — Chefoo, dol. .. Nominal Hongkong, dol. 10 1-64 1821-64 19 1-04 India, rupee .. 22 41-04 22 7-61 22 41-04 Ceylon, rupee . 22 41-6-1 22 7-6-4 22-11-04 Japan, yen .. 17% —■ , l</4 Manila, peso .. _ rsominal Shanghai, dol. . ' Nominal Singapore, dol. 35 19-Oi 31 25-04 35 10-64 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 s d s d London, pound .. 25 O.oO 20 0.00 Australia, pound .. 10 11.88 '20 o.oo. Fiji, pound . .. 22 5.60 20 0.00 New York, dollar .. 5 4.50 4 1.31 Montreal, dollar .. 5 -1.33 4 1.31 Paris, franc . .. 0 1.68 0 1.34 Berlin, rcichsmark . 2 1.74 O 11.74 Copenhagen, krone . 1 1..".!) 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 are shown in the following table:— Port Auckland, Canada, dollars .. 4.S1 Port Auckland, America, dollars .. 4.76 Limerick, Canada, dollars .. .. 4.70 Limerick, America, dollars .. .. 4.70