AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23226, 21 December 1938, Page 9

AUSTRALIAN EXCHANGES

QUIET BUSINESS APPROACH OF CHRISTMAS (Received December 20, 8.50 p.m.) SYDNEY, Dec. 20 Business on the Sydney Stock Exchange to-day . continued along quiet lines, due mainly to the approach of the Christmas vacation. A firm tone is, likely to prevail in the meantime. Sales included: — £ s d Hank'of New South Wales 30 () 0 Commercial Banking Sydney 20 19 0 Wilcox-Mofflin .. .. 0 0 1 Huddart-I'arker .. .. 2 10 6 Tooth's Brewery . . • • 2VI 0 Anthun.v llordern .. .. Ola 1 Australian Glass .. . . <> 4 O Ditto .. •• f> 4 6 Berlei (prcf.) .. 1 11 Ditto (con.) . . • • 010 0 British Tobacco . . .. - J •> Bradford Cotton (pref.) . . 1 .3 •"» Broken Hill Proprietary . . 216 0 Cash Orders (N.Z. delivery) 016 I/a Colonial Sugar .. .. 40 5 0 Ditto 40 •_ <• David Jones .. .. 1 14 .5 Dunlop-Perdriau .. .. 10 0 Henry Jones . . . .. 2 8 0 Pitt. Son A Badgery (N.Z. del.) 2 10 United Provisions .. .. 0 6 S Warburton Franki .. .. 1 9 6 Woolworths (Sydney) .. 1 1 0 Broken Hill South .. . • ISO Commonwealth Bonds. —4 per cent, 1044, £lOl 7s 6d; 1950. £lO2 89 9d; 1055, £lOl " S !d ' MELBOURNE EXCHANGE

Oix the Melbourne market industrials were quiet. There was continued inquiry for Mount Morgans. Commonwealth loans were active. Business included: — £ s d Commercial Bank Australia . 015 7 E. S. and A. Bank .. 5 0 6 Nat. Bank A'asia (£5 pd.) 6 9 0 Ditto (£lO paid) .. .. v l3 7 0 Howard Smith .. .. 0 18 3 Yarra Falls . . • • ■ 1 17 0 Aust. Iron and Steel (pref.) 17 6 Aust. Paper Manfrs (pref.) 1 5 O British 1 obacco .. .. 2 8 0 Broken Hill Proprietary .. 2 15 6 Ditto (neW) .. .. 2 3 1 Cox Brothers .. .. 0 11 9 Dunlop-Perdriau .. .. 10 9 Herald and Times .. .. 217 6 Hume Pipe (Aust.) . .. 0 18 0 Imperial Chemicals (pref.) . 1 211 Emperor . Loloma .. .. ..1 0 10 Mount Lyell .. .. 1 7 10 Mount Morgan 0 10 0 FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless LONDON, Dec. 19 The following rates on foreign exchanges are current, compared with the cabled quotations on December 17 and par: — Dec. 19 Dec. 17 Par Montreal, dol. . . 4.71% 4.71% 4.806 New York, dol. 4.67% 4.67% 4.56 Paris, fr. .. 177% 177%« 170.00 Brussels, belga.. 27.75% 27.75% 35.00 Geneva, fr. . . 20.66% 20.66 25.22 Amsterdam, gr. 5.60 8.50% 12.10 Milan, lire .. 88% S8 l %» 92.00 Berlin, r.m. .. 11.65% 11.64% 20.43 Stockholm, kr... 10,12 19.12 18.159 Copenhagen,' kr. 22.10 22.40 18.1 <>9 Oslo, kr. .. 10.90 19.00 18.150 Prague, kr. .. 136% 136% 104.25 Helsingfors, mark 226% 226% 103.23 Madrid, pes. .. . t < t 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. . . 547% 517% 375.00 Bucharest, lei... 660 660 813.6 Rio de Janeiro, m. 3% 6 d 3% fi d 5.891K1 Buenos Aires, pes. 20.65% 20.61 11.45 Montevideo, dol. 18% d 18V«d 51d Bombay, rupee. . 17 59-6ld 17 59-6ld 18d Shanghai, d 01... B%d B%d Hongkong, dol. 15d .■ 15d Yokohama, yen 14d lid 24.58 d Batavia, gr. .. 8.59 8.58 12.10 Belgrade, din... 200 200 2.6.31 Warsaw, zloiy- • 24.75 24.75 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 currency basis, subject to alteration without notice: — Selling: United States Canada T.T. .. .. 3.71% 3.7 .V/„ On demand .. 3.71% 3.75%# l On demand .. 3.77 3.80"/>b 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 Sellini? U.S.A., dol. . . 3.7234 3.7775 3.7244 Canada, dol. . . 3.7510 3.8190 3.7520 Bcipium, bcltra 21.050 22.565 21.055 Gzecho'vakia, cr. 107.45 Denmark, kr. . 17.080 18.278 17.038 Finland, Fin. ms. 170.00 180.55 170.10 -Franc,#!, fr. . . 140.03 Germany, r.m. . St. 102 Greece, drachmae 418.08 Holland, n. .. 0.774 7.060 0.770 Italy, lire 70,52 Java, 11. .. 0.74 1 7.041 G.f\A Norway, kr. .. 15,701 15.700 , lii.^o7 Noumea, fr. .. 130.53 Papeete, fr. .. 130.83 Sweden, kr. ... 15.321 1i».583 Swilzeriand, fr. 15.325 -10.850 10..i'-7 N.Z. pence to— t

t'befoo dol • Nominal Hongkong? dol. 10 3-32 1813-32 JO 3f2 [ndia. rupee .. 22 41-04 22 7-<>4 ■ .-41-61 ,Ceylon, rupeo . 22 11-04 22 22 41-04 Japan, yen .. 17% —. 1 ' « Manila, peso . Nominal Shanghai, dol. Nominal Singapore, dol. 35 10-04 34 20-04 3510-04 The cost in New Zealand currency of tlic pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Price Par '« d b d London, pound ~ 25 0.00 20 0.00 Australia, pound .. 10 11.88 20 0.00 Fiji, pound '. .. 22 5.60 20 O.jXi New York, dollar .. 5 4.13 4 1.31 Montreal, dollar .. 5 3.5i> 4 1.31 ! Paris, franc. . ~v V .. 0 1.08 0 1-3} Berlin, reichsirihrk 2 1.70 0 11 •<4 Copenhagen, "krono .. 1 1.30 1 l.'-~ Yokohama, yen .. 1 5.00 2 O.oH

BRITISH WAR LOAN QUOTATION LOWER AGAIN British Wireless LONDON, Dec. 10 War loan, 3$ per cent, is quoted at £97 10s 3d, compared with £9B Is 3d on; December 15. GOLD AND SILVER QUOTATIONS IN LONDON (Received December 20, 5.5 p.m.) LONDON, Dec. 10 Fine gold is quoted to-day at £7 8s 8d an ox., compared with £7 8s lid on Saturday. Silver is quoted at 20Jd an oz, spot and 19 9-lGd forward, compared with 20d and 19jjd on Saturday. The quotation for silver ut per line oz. is 21 11-16 d, compared with 21 -Jd on December 16. The following is a summary of the fluctuations in the price an ounce of fine gold this year:— £ e d Highest price, November 26 . 7 10 0 Lowest price, January 3 .. 610 5 December 13 . . . . ..70' lVa December 14 .. ..700 December 15 .. ..788 December 10 .. .. ~7 8 8 1 /, December 17 . . . . 7 8 11 December 10 . . . . ( . . 7 8 8 a CALL AND DIVIDEND LIST Dividends—, Duo . Reid Huhher—7 p.c. p.a. .. To-day Mataki Dredging—ld a share .. To-day Goldsbrough-Mort—int., 2 p.c. .. To-day Sulphide Corpn.—pref., Is ster- * ling a share To-morrow Worksop Extended —No. 13, Id a share To-morrow Morris Hedstrom —int., 3 p.c. .. Dec. 31 British Tobacco —final, 2 p.c.; interim (1038-30), 2 p.c. .. Dec. 31 Nat. Bank N.Z.—int., 2% p.c., less tax . . .. .. Jan. 4 "Wellington Woollen —int., 2% p.c. Jan. 5 Komata Reefs —int., 3d a share Jan. 6 Woolworths Props, (pref.)—halfyear, 6 p.c. p.a. on amount paid up Jan. 15 G. J. Coles —A pref., half-yearly, 8 p.c. p.a. Jan. 16 Calls— Farmers' Trading—new, 2s a shar# Dec. 31