AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23274, 17 February 1939, Page 7

AUSTRALIAN EXCHANGES

TURNOVER CONTRACTS MARKET UNDERTONE FIRM (Received February 16, 0 p.m.) SYDNEY, Feb. 16 Business on the Stock Exchange showed signs of contraction to-day but tho undertone of tho market was firm with Tooths, Moris Dock and Woolworths moving up. Barrier stocks were marked down. Sales included:—

FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless LONDON, Fob. 15 Tlie following rates 011 foreign exchanges are current, compared with the cabled quotations yesterday and par:—

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. . . .. 3.72% 3.74 V* On demand • - 3.72% 3.74% Buying: On demand .. 3.78%« 3.SOV* 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: —

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: — .Kaimata. Canada, dollars .. .. Kaimata America dollars .. •• GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Feb. 15 Fine gold is quoted to-day at £7 8s 4d an oz., compared with £7 8s 3^d yesterday. Silver is quoted at 20 7-16 d an ox. spot and 19Jd forward, compared with and 19Jd yesterday. The quotation for silver at per line oz. is 22 1-lGd, compared with 22d yesterday. SHORT LOANS AND BILLS —a — LONDON DISCOUNT RATES ' - LONDON, Feb. 15 Discount and short loan rates on the London market are the same as those of last week, as follows: — Feb. b Fob. 15 p.c. p.c. Day-to-day loans .. •• Ya „,//> Fine trade bills (3 mos.) 2/i to d ® Bank bills (3 months) .. %« /;« Bank bills (0 months) .. "/in "A# Treasury bills (2 mos.) ..A /a Treasury bills (3 mos.) /% /a COURTAULDS' PROFITS HEAVY FALL LAST YEAR (Heceived February 16, 0.40 p.m.) LONDON, Fob. 16 Courtaulds, Limited, British manufacturers of textiles and rayons, have announced a final dividend of 2j per cent, making a total of 4 per cent for 1938, compared with 10} per cent in 1937. Profits for the year at £352,267, compared with £2,373,892 in tlio previous period. NEW YORK BUSINESS NEW YORK, Fek 15 On the New York Stock Exchange to-day the turnover totalled 500,000 shares.

Call money is still quoted at 1 per cent.

Commercial Banking, Syd. . £ s d '20 0 0 Ditto (N.Z. delivery) .. '20 0 0 Bank New South Wales .. 29 13 0 United Insuranco 10 2 0 South British 2 1 6 Tooth's Breweries 2 13 lO'/a Toohey's 1 11 6 Associated News .. ., 1 0 4% Ditto (pref.) 1 3 7 l / a Ditto 1 3 9 Australian Steel (prof.) .. 1 7 0 Australian Glass 5 10 6 Ditto 5 11 0 British Tobacco 2 8 0 Broken Hill Pty. o 15 9 Cash Ordors .. 0 15 10V4 Claude Neon 1 9 9 David Jones 1 15 0 Felt and Textiles 1 11 6 General Industries .. 0 18 9 Henry Jones 2 0 6 Lustre Hosiery (pref.) 1 3 0 Morts Dock 0 14 8 Peters Ice .. 2 15 3 Ditto (N.Z. delivery) .. 2 15 3 Standard Cement 1 2 10 Sydney Ferries 0 6 0 W. R. Carpenter 2 3 0 Woolworths (Syd.).. 1 3 i y a Kuala Kampar 0 14 9 Oil Search 0 6 0 Arahura Gold 1 7 6 Commercial Bonds.—4 per cent, £101 16s 3d; 1959, £104 7s Gd. i MELBOURNE EXCHANGE On tho Mel bourne Exchange sales included the following:— £ 8 d Bank Australasia 8 19 0 Commercial Bank Australia 0 15 6 British Tobacco o 8 0 Claude Neon 1 10 0 Dunlop-Perdriau 1 0 11 Mount Morgan 0 10 11

Feb. 15 Feb. 14 Par Montreal, dol. .. 4.70% 4.70% 4.866 New York, dol. 4.68"/!, 4.68% 4.86 Paris, fr. 177 177 179.00 Brussels, belga. . 27.78% 27.74% 35.00 Geneva, fr. 20.63 20.65% 25.22 Amsterdam, gr. 8.72% 8.74% 12.10 Milan, lire 8oy 1( i 89%, 92.00 Berlin, r.in. 11.68 11. G8 20.43 Stockholm, kr... 19.49 19.41 18.159 Copenhagen, kr. 22.40 22.40 18.159 Oslo, kr. 19.00 19.90 18.159 Prague, kr. 187 137 161.25 Helsingfors, mark 226% 226% 19.3.23 Madrid, pes. .. t + 25.221 Lisbon, escu. .. Athens, dr. 547^ 110 375.00 Bucharest, lei... 666 666 813.6 Rio de Janeiro, m. 3%„d 3% fi d 5.899d Buenos Aires, pes. 20.34% 20.32 11.45 Montevideo, dol. isy 2 d 18%d 51 d Bombay, rupee.. 17»/ ie d 17 l % e d 18d • Shanghai, dol... Hongkong, dol. t + — 14"/ ie d 14 is / ie d 24.58d Yokohama, yen 14d 14d Batavia, gr. .. 8.70 8.74 12.10 Belgrade, din... 209 209 276.31 Warsaw, zloty.. 24.81 24.81 43.38

To £1 n.z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. .. 3.7345 3.7828 3.7355 Canada, dol. J. 3.7531 3.8018 3.7541 Belgium. belga 22.137 22.522 22.142 Czecho'vakia, cr. 10S.20 .—. 308.22 Denmark, kr. . 17.81-50 18.200 17.832 Finland. Fin. ms. 178.99 185.19 179.09 France, fr. 140.70 — 140.72 Germany, r.m. . 9.273 — 9.275 Greece, drachmae 429.20 — 429.35 Holland, fl. . . Italy, lire 0.040 7.130 6.942 71.000 — 71.025 Java, fl. .. 6.919 7.109 6.921 Norway, kr. .. 15.838 16.188 15.841 Noumea fr. .. 138.95 — 338.99 Papeete, fr. . . Sweden, kr. ., 139.10 15.445 15.800 139.14 15.448 Switzerland, fr. 10.423 16.793 16.426 N.Z pence to— Hongkong, dol. India, rupee . Ceylon, rupeo Japan, yen Manila peso Shanghai, dol Singapore, dol. 18 13-16 18 13-32 2° 41-64 22 3-04 22 41 -64 22 3-64 17 37-64 —. , ]N ominal Nominal 35 34 27-64 18 13-16 22 41-61 22 41-61 17 37-G4 36 The cost in New Zealand currency of the nound sterling, and of the principal overseas units, on the latest quotations. is as follows:— - Par Present Piicb S d s (1 London, pound -. io Australia, pound .. 19 Fiji, pound .. 2Ne'w York, dollar .. 5 Montreal, dollar .. n Paris, franc .. 0 Berlin, reichsmark .. 2 0.00 11.88 5.66 3.98 3.72 1.(19 1.80 1.39 5.50 '20 0.00 20 0.00 20" 0.00 4 1.31 4 1.31 0 1.34 0 11.74 1 1.22 2 0.5S Copenhagen, krone .. 1 Yokohama, yen .. 1