AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23221, 15 December 1938, Page 11

AUSTRALIAN EXCHANGES

SYDNEY MARKET FIRM DELIVERIES FROM DOMINION (Received December 14, 9 p.m.) SYDNEY, Dec. 14 The official announcement of a bonus issue early in the new year stimulated tho demand for Australian Glass shares on the Stock Exchange to-day. New Zealand Insurance shares were traded at 50s. This was the first transaction in a New Zealand-owned company since the Government began to conserve its finances. Bank of New Zealand shares were not quoted. The market for industrials continues firm Sales included:— Bank New South Wales . . 30 7 6 Commercial Bank Australia 015 3 N.Z. Insurance .. .. 210 0 Goldsbrough-Mort .. .. 18 0 Huddart-Parker .. .. o lo y Howard Smith .. .. o 18 6 Tooth s Browery .. .. 213 9 Queensland Brewery . .. 16 6 Toohey's 110 l'/ a Australian Glass .. .. 5 4 0 Ditto 5 3 6 Anthony Hordern .. . . 015 0 Associated News . . . . 3 13 Ditto (pref.) .. .. 3 j Burns-Phifp .. .. 211 9 British Tobacco .. . . 2 8 O Broken Hill Pty. .. .. 215 3 Ditto (N.Z. delivery) .. 'J 11 9 Ditto (N.Z. delivery) .. 2 15 0 Dunlop-Perdriau .. .. 10 2 Electrolytic Zinc .. .. 2 4 9 Gordon and Gotch .. .. 2 15 0 General Industries . . . . O 18 "9 Henry Jones ■ . . .. 2 8 3 Kandos Cement (con.) .. 0 12 5 Ditto (N.Z. delivery) . . O 12 5 Morts Dock . . . . . . O 13 5 Malleys .. .. .. 10 9 Masouite .. .. .. 0 18 4Va Morris Hedstrom .. .. 1 710 R. Fowlor .. .. . . 011 0 Standard Cement .. .. 119 Woolworths (Syd.) .. .. 110 Mount Morgan .. .. 0 9 7 Mount Lyefi .. . . 1 8 1% North Broken Hill . . . . 2 0 9 Placer Development . . . 3 11 0 Tonkah Harbour . . . . O 12 O Sulphide Corporation 0 6 10 Commonwealth Bonds.—<l per cent, 1911, £IOO 12s Od; 1955, £lO2 17s Od; 1961, £lOl 17s Gd. MELBOURNE EXCHANGE On the Melbourne market industrials were quiet. Australian Glass were firmer and there was an improvement in Commonwealth loans. Fijian gold shares wero weaker. Business included : £ s d Commercial Bank Australia 0 15 3 National Bank A'asia (£5) 6 9 0 Aust. Foundation Trust .. 0 4 8 Goldsbrough-Mort . . .. 17 10 Australian Paper Mfrs. (pf.) 1 5 3 Australian Glass .. 5 4 0 Broken Hill Pty. ... .. 215 0 Cox Pros, (new, paid) .. 011 (! Dunlop-Perdriau . . .. 10 4 Electrolytic Zinc .. .. 2 4 9 G. J. Coles . . . .. 318 0 llume Pipe . . . . .. 0 19 0 Imperial Chemicals (pref.) .. 12 11 North Broken Hill .. .. 2 G 9 Broken Hill South .. .. 18 0 Emperor .. .. .. 0 9 3 Loloma .. .. .. 10 0 FOREIGN EXCHANGES FLUCTUATIONS IN LONDON (Received December 14, 6.5 p.m.)

British Wireless LONDON, Dec. 13 The following rates on foreign exchanges are current, compared with the cabled quotations yesterday and par:— Dec. 13 Dec. 12 Par Montreal, dol. . . 4.71% 4.70% 4.806 New York, dol. 4.00% 4.07% 4.80 Paris, fr. .. 177% .177% 170.00 Brussels, belga.. 27.70% 27.01 35.00 Geneva, fr. .. 20.01% 20.01 25.22 Amsterdam, gr. 8.58% 8.57 % 12.10 Milan, lire . . BS'%« 88% 92.00 Berlin, r.m. .. 11.03% 11.03 20.43 Stockholm, kr... 19.41 10.41 18.150 Copenhagen, kr. 22.40 22.40 18.150 Oslo, kr. .. 19.00% 10.00 18.150 Prague, kr. .. 130% 130% 101.25 Helsingfors, mark 220% 220% 193.23 Madrid, pes. t t 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. .. 547% 547% 375.00 Bucharest, lei... 060 600 81.3.6 Rio de Janeiro, m. 3%„d 3% 6 d 5.899 d Buenos Aires, pes. 20.01 20.01 11.45 Montevideo, dol. 18% d 18% d 51d Bombay, rupee.. 17 59-64 d 17 50-64 d 18d Shanghai, d 01... B%d B%d Hongkong, dol. 15d 15d Yokohama, yen 14.d 14d 24.55 d Batavia, gr. .. 8.56 8.58 12.10 Belgrade, din... 210 210 270.31 Warsaw, zloty. . 21.84 21.81 43.38 tNominal. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currcncj' basis, subject to alteration without notice:— Selling: United States Canada T.T 3.70% 3.74%, On demand . . 3.71% 3.71"/, n Buying: On demand . . 3.70% 3.80'/n

' 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. .. 3.7140 3;7679 , 3.7150 Canada, dol. .. 3.7414 3.8103 3.7424 Belgium, belga 21.008 22.523 21.013 Cssceho'vakia, cr. 107.45 Denmark, kr. . 17.686 18.278 17.688 Finland, Fin. ms. 176.00 180.55 170.10 France, fr. .. 130.00 Germany, r.m. . 9.144 Greece, drachmas 418.68 Holland, fl. .. 6.762 7.057 6.764 Italy, lire .. 70.40 > 70.42 Java, fl. .. 6.729 7.020 6.731 Norway, kr. .. 15.704 15.707 15.707 Noumea, fr. .. 136.40 - 136.53 Papeete, fr. .. 136.79 Sweden, kr. .. 15.321 15.883 15.324 Switzerland, fr. '10.291 10.861 10.293 N.Z. pence to— Chefoo, dol. . . Nominal Hongkong, dol. 10 3-32 18 13-32 10 3-32 India, rupee .. 22 41-64 22 7-64 22 41-04 Ceylon, rupee . 22 41-04 22 7-64 22 41-04 Japan, yen .. 17% Manila, peso . Nominal Shanghai, dol. Nominal Singapore, dol. 3519-64 34 25-64 35 19-64 The cost in Now 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 0.00 20 0.00 Australia, pound .. "19 11.88 20 0.00 Fiji, pound . .. 22 5.00 20 ft.oo New York, dollar .. o 4.34 4 1.31 Montreal, dollar .. 5 3.07 4 1.31 Paris, frunc . .. O 1.08 0 1.34 Berlin, reichsmark .. 2 1.78 0 11.74 Copenhagen, krono .. 11.30 1 1.22 Yokohama, yen .. 1 5.50 2 0.58 CUSTOMS EXCHANGE RATES Finally declared rates of exchango ruling at the date of departure of vessels named are shown in the following table: — Port Saint John, Canada, dollars .. 4.70 Port Saint John, America, dollars .. 4.74 Tongariro, America, dollars . . .. 4.03 Tongariro, Canada, dollars . . .. 4.75 NEW YORK STOCK EXCHANGE NEW YORK, Dec. 13 The turnover on the Now York Stock Exchango to-day totalled 1,090,000 shares. CALL AND DIVIDEND LIST Dividends— Due Perpetual Forest—int., 4 p.c. .. To-day Broken Hill South—Od a share To-day Tattcrsfield—s p.c. p.a. . . . To-day P. and 0. Dcf.—final, 2% p.c.; bonus, 3 p.c. . . .. To-day New River —Id a share . .. To-day Dominion Breweries—int., 11 p.c. pa. . . . . .. To-morrow Gear Meat—final, 4d a sharo.. To-morrow Mt. Lyell—final, Is a share .. Dec. 19 Blackwater—int., 6(1 a share . . Dec. 20 Devonport Ferry—int., 5 p.c. p.a. Dec. 20 McKonzies—int., 7 p.c. .. .. Dec. 20 Reid Rubber—7 p.c. p.a. . . . Dee. 21 Mataki Dredging—ld a sharo.. Dec. 21 Sulphide Corpn.—pref., Is sterling a share . . . .. Dec. 22 Morris Hedstrom—int., 3 p.c. .. Dec. 31 Nat. Bank N.Z.—int.. 2/ a p.c., less tax Jan. 4 Wellington Woollen—int.,2'4p.r. Jiin. 5 Komatu Reefs—int., 3d a share Jun. 6 Woolworths Props, (pref.)—halfyear, 0 p.c. p.a. on amount paid up .. Jan 15 G. J. Coles—A pref., half-yearly 8 l' c. P-a Jan. 10 '

15.324 10.293