AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23227, 22 December 1938, Page 7

AUSTRALIAN EXCHANGES

BUSINESS QUIET

NARROW PRICE MOVEMENTS (Received December 21, 0 p.m.) SYDNEY. Dec. 21 Investment business was very qniot on the Stock Exchange to-day. Price movements were within narrow limits. A good demand exists for Australian Glass shares, which moved to the record level of £o 6s 6d. Commonwealth loans were firm. The Exchange will ' close at 1 p.m. to-morrow for the holi- ' days. Sales included: — £ s d Commercial Bank Australia 0 Hi O Bank New South Wales .. 20 17 0 i Goldsbrough Mort (ex div.) 17 4 Huddart-Parker .. .. 2 10 0 Toohey's Breweries .. .. 1 lo (1 Tooth's 2 11 3 Australian Glass . . .. 5 0 0 Associated News (ex div.) 1 O i) British Tobacco .. .. 2 8 0 Bums, Philp .. .. 2 12 0 Broken Hill Pty 2 10 3 Colonial Sugar .. . . 4(1 17 0 Claude Neon .. .. 11l 0 David Jones .. . . 114 3 , James Stedman 0 12 8 Mark Foy .. .. 0 18 0 Newbold Brick .. .. 18 0 Paul and Grey .. .. 12 0 Peters Ice . . .. .. 212 0 W. Adams 014 0 , Woolworths (Syd.) .. .. 1 1. 0 i Mount Morgan .. .. 0 011 Mount Lyell .. .. 17 7^ North Broken Hill .. .. 2 7 0 I Bulolo Gold . . .. 0 110 Emperor . . .. 0 10 0 i Austral New Zealand .. 110 i Oil Search . . • • O 6 O Commonwealth Bffhds.—l per cent, 1050, ; £lO2 7s Od. MELBOURNE EXCHANGE • i On the Melbourne Exchange industrials were steady, with bonds firmer. Harrier shares were easier. Business included: — £ s d Goldsbrough Mort (ex div.) 17 3 Australian Steel (pref.) .. 18 0 Dunlop-Perdriau .. .. 1 0 S Herald and Times .. .. 2 17 0 Mount Morgan .. 0 10 2 Mount Lyell .. .. 1 < 0 North Broken Hill . . •. 2 < Broken Hill South .. .. 1 7 0 Loloma .. .. • • 114 FOREIGN EXCHANGES FLUCTUATIONS IN LONDON (Received December 21, 0.5 p.m.) British Wireless LONDON, Dec. 20 The following rates on foreign exchanges are current, compared with the cabled quotations yesterday and par: — Dec. 20 Dec. 10 Par Montreal, dol. . . 4.71 4.71 % 4.806 New York, dol. 4.07% 4.07% 4^Bo Paris, fr. .. 177% s 277Va 170.00 Brussels, belga.. 27.08 27.75% 35.00 Geneva, fr. .. 20.04% 20.0(1% 25.22 Amsterdam, gr. 8.58% 8.00 12-10 Milan, lire .. 88% "t™, Berlin, r.iil. .. 11.03% 11.05/ i 20.43 Stockholm, kr... 10.42 10.42 18.150 Copenhagen, kr. 22.40 22.40 18.100 Oslo, kr. .. 10.00 10.00 18.1*0 Prague, kr. .. 130% 130% Helsingfors, mark 2-!0% 220% 103.23 Madrid, pes. .. t t 7'?;'r Lisbon, escu. .. 110% 110/ c 110 Athens, dr. .. 517% 547% 375.00 Bucharest, lei... <■«»(> (HiO 813.0, Rio de Janeiro. 111. 3 l / is d 3%„d ;>.Bood Buenos Aires, pes. 20.57% 20.05/ 3 Montevideo, dol. 18% d '•''j Bombay, rupee. . 17 50-64 d 1 < 50-0-1 d IBd Shanghai, d 01... B%d B%d Hongkong, 'dol. 15d lot} Yokohama, yen lid ltd 24.5bd Batavia, gf. .. 8.57% 8.5!) • I_.l 0 ( Belgrade, din... 200 '- o '' 7.i Warsaw, zloty,. 24.75 21.<5 <13.38 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 3.70% 3.74 V,,, On demand .. 3.71 Va 3.74 11 /,# * Oil demand . . 3.70% 3.80%n Following are the latest rates for purchases and sales of foreign exchange quoted bv the Bank of New South Wales, Auckland. They are subject to alteration without notice: — To £IN Z T.T. On Demand Currency Selling Buying Selling U.S.A.. dol. .. 3.7120 3.7070 3.7130 Canada, dol. . . 3.7427 3-8110 ''i'JZ Belgium, belga 21.884 22.400 21.880 C'zecho'vakia, cr 100.85 Denmark, kr". . 17.G50 18.-<8 I^.oßß Finland, Fin. ms. 170.00 .186.50 }'< ■]!> France, fr. .. 130.01 14<.1l Germany, r.m. 0.1-10 V'.V, 8 Greece, drachmae 118.03 Holland, fl. . . 0.7(10 7.050 0.<02 Italy, lire .. 70.40 Java. n. - , .. 0.72!) 7.02!) O.jJJ Norway, kr. .. 15.<01 iVNoumea. fr. J'.'h' 1 ! Papeete, fr. .. 130.41 ] Sweden, kr. .. 15.331 Switzerland, fr. 10.311 lO.b&l »< 10.313 N.Z. pence ti—• f'hnfno dol Nominal Hongkong dol. 10 3-32 18 13-32 10 3-32 India, rupee .. 22 41-04 ->-» -- JJ | Ceylon, rupee . 22 41-04 -04 Japan, yen .. 17% . 1 ' Manila, peso . Nominal SinSlS'e. do o !.' 3SIO-6-1 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, 011 the latest quotations, is as follows: — Present Price Par London, pound .. 25 0.00 20 0.00 Australia, pound .. rlj JMJJ Fiji, pound . .. 22 5.( 1 20 0.00 New York, dollar .. o 4.20 4 1.3 Montreal, dollar .. o \ :, il l Paris, franc . .. 0 1-08 0 1.31 Berlin, reichsmark .. 2 l.<o 0 ii.<i Copenhagen, krone .. 1 1.3J l 1--Yokohama. yen .. 1 JAPANESE STEAMSHIP CO. £306,179 EARNED IN HALF-YEAR The accounts of Nippon Yusen Kaisya (the Japan Mail Steamship Company, Limited), for the half-year ended September 30 show a net profit of 4 280,508 yen, equal to £300,179 sterling, against 4,020.000 yen (£287,143 sterling) in the previous half-year. The surplus of earnings after deducting current expenditure for the half-year was 9,721,992 yen, out of which depreciation of fleet and buildings absorbed 4,132,172 yen, insurance fund 215,379 yen, ships' structural repair fund 1,087,932 yen, leaving a balance of 7,078,246 yen, including 2,791,738 yen brought in. The directors propose an unchanged dividend of 6 per cent for tho halfyear, requiring 2,695,820 yen. A sum of 1,750,000 yen is to be placed to reserves and 2,632,426 yen carried forward. GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Dec. 20 Fine gold is quoted to-day at £7 8s 10d an oz., compared with £7 8s 8d yesterday. Silver is quoted at 20Jd an 07. spot, and 19Jd forward, compared with 20jd and 19 9-16tl yesterday. The quotation for silver at per fine oz. is 21 1146 d, same as yesterday. • BRITISH WAR LOAN A FURTHER WEAKENING British Wireless LONDON, Dec. 20 War loan, 3$ per cent, is quoted at £97 10s, compared, with £97 16s 3d yesterday. WALL STREET BUSINESS NEW YORK, Dec. 20 The turnover on the New York Stock Exchange to-day totalled 940,000 shares.