AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23266, 8 February 1939, Page 9

AUSTRALIAN EXCHANGES

FURTHER TRICE RISES MARKET FAIRLY QUIET (Received February 7, 8.55 p.m.) SYDNEY, Feb. 7 A further marking up in prices was a feature of the investment market on the Sydney Stock Exchange to-day, which was not very husy. Harrier stocks were quiet but firm. Sales included: —• £ S d Bank of New South Wales 20 10 0 Nat. Bank A'asia (£5 pd.) G 4 o Ditto .. .. .. 0 5 0 Goldsbrough-Mort .. .! 16 4 Felt and Textiles .. ~ 1 12 G Tooth's Brewery .. .. 2 13 6 Ditto 2 13 3 Associated Newspapers .. 10 3 Ditto 10 IV, Ditto (pref.) . . . . 13 0 British Tobacco . . . . 2 7 0 Ditto (X.Z. delivery) .. 2 7 6 Cash Orders .. O 15 G Colonial Sugar .. .. 46 15 o Dunlop-Pcrdriau .... 100 Electrolytic Zinc .. .. 2 6 0 Ditto . . .. . . 2 7 6 Ditto (pref.) .. .. 2 0 6 j G. J. Coles . . . . 3 16 3 Henry Jones . . .. 2 8 0 Hume Pipe (Aust.) .. 0 10 3 Kandos Cement .. .. 17 0 Morts Dock .. .. 0 14 8 Ncwhold Brick .. .. 10 6 Taiibmann .. .. 2 12 0 Mount Morgan .. * 0, 10 7 Commonwealth Bonds.-—1 per cent. 1055, £lO3 12s (id; 1050, £lO4 ss. MELBOURNE EXCHANGE Business on. the Melbourne market included:— > £ s d Bank of Australasia . . 0 0 0 Commercial Bank Australia 0 15 4 Nat. Bank A'asia (£5 pd.) 0 G 0 Carlton Brewery . . .. 3 4 6 British Tobacco .. ;. 2 7 3 Electrolytic Zinc (pref.) .. 2 0.0 Herald and Times .. .. 2 10 3 Emperor .. 0 0 7 Loloma' .. ~ .. 10 10 Mount Lyell .. .. 16 6 Mount Morgan , . . . 0 10 9 FOREIGN EXCHANGES STERLING RATHER STRONGER British Wireless LONDON, Feb. 6 The following rates on foreign exchanges are current, compared with the cabled quotations on Saturday and par;— Feb. 6 Feb. 4 Par Montreal, dol. .. 4.70% 4.7014 4.866 New York, dol. 4. (is 1 ; 4.67% 4.8(1 Paris, fr. .. 177 176"/,, 170.00 Brussels,, belga. . 27.73% 27.71% 35.00 Geneva, fr. .. 20.72' 3 20.72 25.22 Amsterdam, gr. 8.68% 5.68 12.10 Milan, lire . . 86 88"02.00 Borlin, r.m. .. 11.67% 11.66 20.13 Stockholm, kr.,. 10.41 10.41 18.150 Copenhagen, kr. 22-40 22.40 1ft.150 Oslo. kr. . . 10.00 10.00 18.150 Prague, kr. .. 136% 166% 164.25 Helsingfors, mark 226% 226% 103.23 Madrid,. pea. .. t + ' 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. .. 512% 512% 375.00 Bucharest, lei... 660 660 813.6 ■Rio de Janeiro, m. 3%„d 3% 6 d 5.R00d Buenos Aires, pes. 20.35% 20.35% 11.45 Montevideo, dol. 18% d lS'id 51 d Bombay, rupee.. 17"%,d 17'% c d 18d Shanghai, d 01... + + Hongkong, dol. 1 115l 15 / 10 d M ,5 i t .d Yokohama, ' yen Mil lld 2t.58d Batavia, gr. .. 8.65 8.66% 12.10 Belgrade, din... 210 210 276.31 Warsaw, zloty. . 24.81 24.81 43.38 NEW ZEALAND QUOTATIONS The -Associated Banks (other than the Bank of .New South Wales) quoted the following dollar rates yesterday, 011 a New Zealand currency basis, subject to alteration without notice:— Selling: United States Canada T.T 3.72%, 3.74%„ On demand .. 3.72 M /i« 3.74 Buying: On demand . . 3.78% fl 3.70'%, 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.- . . 3.7345. 3.7*28 3.7355 Canada, dol. . . 3.7554 3.8011 3.7564 Belgium, . belga 22.007 22. JB2 22.102 Czecho'vakia, cr. 107.05 Denmark, kr.. . 17.830 , 18.200 17.*32 Finland, Fin. ms. 178.00 185.10 170.00 France, fr. 140.73 Germany, r.m. . 0.277 Greece, drachmae 420.20* Holland 0. .. 6.005 ■ 7.005 6.007 Italy, lire .. 70.050 Java, fl. .. 6.870 • 7.060 G.sm Norway, kr. .. 15.83* 16.188 15.8-11 Noumea, fr. .. 138.08 Papeete, fr. .. 130.1.3 Sweden, kr. .. 15.443 15.708 15.446 Switzerland, fr. 16.503 16.873 16.506 N'.Z! pence to— Chefoo. dol. . . Nominal Hongkong, dol. ,18 53-64 18 27-64 18 53-61 India, rupee .. 2241-6-1 22 3-64 2241-64 Ceylon, rupee . 22 4 1-64 22 3-61 22 41-61 Japan, yen .. 17 37-64 Manila, peso Nominal Shanghai, dol. Nominal Singapore, dol. 35 34 27-64 35 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 s d s d London, pound .. 25 0.00 20 0.00 Australia, pound .. 10 11.88 20 0.00 Fiji, pound . . 22 5.66 20 0.00 New York, dollar .. •"> 4.06 4 1.31 Montreal, dollar .. 5 3.70 4 1.31 Paris, franc . .. 0 1.60 0 1.31 Berlin, reichsmark .. 2 1.60 011 74 Copenhagen, krone .. 1 1.30 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: — ' , City of Glasgow, Canada, dollars ~ 4.0* City of Glasgow, America, dollars .. 4.67 City of Dieppe, Canada, dollars 4.60 CitV of Dieppe. America, dollars .. 4.67 Kalmata, Canada, dollars .. .. Kaimata. America, dollars .. .. 4.0/ GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Feb. 6 Fine gold is quoted to-day at £7 8s iijd an oz., compared with £7 7d 011 Saturday. Silver is quoted at 20 1-1 (3d an ox. spot, and l ( J]d forward, same as 011 Saturday. The quotation for silver at per fine oz. is 212 d, compared with 21 9-10 d 011 February -'l. The following is a summary of the fluctuations in the price an ounce of fine gold (his year: £ s (I Highest price, January-4 .. 7 10 5 Lowest price, Jan. 10, Feb. 0 7 8 5% January 13 .. .. 7 .8 6 February 1 .. ' • ■ •. 7 8 < /? February 2 .. .. • . 7 8. 7% February 3 .. 7 8 i/ 2 February 4 7 8 .1 February _ G .. .. .. 7 8 5/ a PRICES OF METALS FIRM LONDON MARKET LONDON, Feb. 6 Following are to-day's quotations on the London metal market compared with those of February 3: — Feb. 6 Feb. 3 Per ton Per ton £bd £ s d Copper, stun., spot 43 4 4% 42 16 10% Cop., fitan., 3 mos. 43 0 4% -43 3 1% Copper, electrolytic 48 5 0 48 10 0 to to < 40 5 0 40 0 0 Copper, elect., wire bars , . . . 40 5 0 40 0 0 Lead, sofL spot .. 14 6 10% 14 6 10% Lead, soft, forward 14 10 7% 14 10 7% Spelter, spot .. 13 13 1% 16 10 7% Spelter, forward .. 13 18 1% 16 15 7% Tin, stall., spot . . 215 8 0 215 3 0 Tin, stan., 3 1110s. 214 1.8 0 214 5 0 MINING SHARES IN LONDON LONDON, Feb. 6 On the mining market to-day Mount Lyells sold at 20s 9d and New Guinea Gold shares at Is 6d.