AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23280, 24 February 1939, Page 5

AUSTRALIAN EXCHANGES

LIGHT TKADING NO DEFINITE TREND (Received February 23. 9.45 p.m.) SYDNEY, Feb. 23 The Stock Exchange to-day was dull without any definite trend. Trading was

FOREIGN EXCHANGES FRANC REMAINS STEADY British Wireless LONDON, Fob. 22 The following rates on 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"/,. 3.747,. On demand .. 3.72 ls /,« 3.74"/,„ Buying: On demand .. 3.78%» 3.80%. 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: — Tolten, Canada, dollars «. .. 4.71 Tolten, America, dollars . .. 4.08 Port Halifax, Canada, dollars .. ~ 4.71 SHORT LOA2JS AND BILLS LONDON DISCOUNT RATES LONDON, Feb. 22 Discount and short loan rates on the London market are the same as those of last week, as follows: — Feb. 15 Feb. 22 p.c. p.c. Day-to-day loans / 3 .Va Fine trade bills (3 mos.) 27 a t03 2Va to 3 Bank bills (3 months) .. °/i# %e Bank bills (6 months) . . 11 / m Vie Treasury bills (2 months) X A A Treasury bills (3 months) / 3 /a PRICES OF METALS LONDON MARKET EASIER LONDON, Fob. 22 Following are to-day's quotations on the London metal market, compared with those of yesterday:— Feb. 22 Feb. 21 Per ton Per ton £sd £ s d Copper, stan., spot 41 14 4% 41 16 3 Copper, stan., 3 mos. 42 0 7% 42 3 1/a Copper, electrolytic 47 0 0 47 O 0 to to 48 0 0 48 0 0 Copper, elect., wire bars .. .. 48 0 0 „ Lead, soft, spot .. 14 4 4 A 14 5 7 A Lead, soft, forward 14 5 7y a 14 0 10% Spelter, spot .. 33 10 0 13 10 0 Spelter, forward.. 13 14 4% 13 1« '/a Tin. stan., spot . 212 12 (5 213 8 0 Tin, stan., 3 mos. 212 7 0 212 17 6 BRITISH WAR LOAN LOWER QUOTATION British Wireless LONDON, Feb. 22 War loan, 3£ per cent, is quoted at £97 2s? 6d, compared with £97 7s 6d yesterday. LONDON MINING MARKET LONDON, F«b. 22 On the mining market to-day Mount L, yells sold at 19s lid. Other quotations included: —Clutha River ComSany, buyers, Is lid; sellers, Is 4Jd. folyneux River Company, buyers, 3d; sellers, 6d.

light. Sales included: — £ s d Bank Noav South Wales .. 29 l-l 0 Ditto (ex div.) •jy 7 0 Commercial Banking Sydney 20 0 0 Union Bank ., 7 19 0 South British Insurance ii 1 0 Howard Smith 0 IS 0 Tooth's Brewerios . o 1-1 0 Yarra Falls 1 17 1 Associated News 0 11) 0 Ditto (pref.) 1 3 <i Burns, Philp (South Sea) 1 5 tJ Broken Hill Pty. . 2 IB 0 Ditto (con.) 2 3 a Colonial Sugar 47 o 0 Electro. Zinc (N.Z. deliv.) o 5 M Fairymcad Sugar . X 10 0 Grimloy , , 1 3 9 lvandos Cement , , 1 8 0 Mark Foy .. , , 0 18 0 Morts Dock .. 0 14 7 Sargents . . 1 8 0 Standard Cement . , , 1 2 3 Peters Ico , . 2 14 0 Woolworths (Syd.) . , , 1 2 3 Mount Morgan , , 0 11 1 Mount Lycll , , 1 r> G Zinc Corporation , , 4 8 0 Emperor 0 0 4 Oil Search 0 a 1 MELBOURNE EXCHANGE On the Melbourne Exchange business included the following transactions: — £ s d Bank Australasia . 9 1 0 Metropolitan Gas . 13 10 0 Carlton Brewery 3 4 6 Huddart J Parker 2 14 0 Gordon and Gotch . 2 15 6 Herald and Times . o 10 9 Mount Morgan 0 11 o •Emperor 0 0 4 Loloma 1 0 10%

Feb. 22 Feb. 21 Par Montreal, dol. .. 4.71 4.70 18 /IB 4.866 New York, dol. 4.68% 4.68"/!° 4.S6 Paris, fr. 177 177 170.00 Brussels, belga.. Geneva, fr. Amsterdam, gr.' 27.86 20.60% 27.84% 20.60% 35.00 25.22 8.77% 8.75% 80% 12.10 Milan, lire 80% 02.00 Berlin, r.m. 11.68% 11.68% 20.43 Stockholm, kr... 19.42 10.42 18.159 Copenhagen, kr. 22.40 22.40 18.159 Oslo, kr. 19.90 10.00 18.159 Prague, kr. 136% 136% 226% 164.25 Helsingfors, mark 226% 103.23 Madrid, pes. .. + t 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. 547% 547% 375.00 Bucharest, lei... 660 660 813.6 Rio de Janeiro, m. 3% a d 3%«d 5.800d Buenos Aires, pes. 20.36 20.35 11.45 Montevideo, dol. 18%d 18%d 5 Id „ Bombay, rupee.. 17"/„d 17 18 /»d 18d Shanghai, dol... Hongkong, dol. t 14 la /i«d t 14 15 /i 0 d — Yokohama, yen 14d 14d 24.58d Batavia, gr. .. 8.76 8.74 12.10 Belgrade, din... 210 210 276.31 Warsaw, zloliy.. 24.81 24.81 43.38

To £1 N.Z. Currency U.S.A.. dol. .. Canada, dol. .. Belgium, belga. Czecho'vakia, cr. Denmark, kr. . Finland, Fin. ms. France, fr. Germany, r.m. . Greece, drachmae Holland, fl. Italy, lire Java, fl. Norway, kr. .. Noumea, fr. .. Papeete, fr. .. Sweden kr. .. Switzerland, fr.. T.T. Selling 3.7302 3.75-19 22.195 108.15 17.830 178.09 140.09 9.279 429.20 6.977 71.024 6.955 15.838 138.91 139.09 15.457 16.401 On Demand Buying Selling 3.7815 3.7372 3.8036 3.7559 22.580 22.200 — 108.17 18.200 17.832 185.19 179.00 — 140.71 — 9.281 — 420.35 7.167 6.979 — 71.049 7.145 6.957 16.188 15.841 — 138.98 — 130.13 15.812 15.460 16.771 16.404 N.Z. pence to— Chefoo, dol. .. Hongkong, 'dol India, rupee Ceylon, rupee . Japan, yen .. Manila, peso Shanghai, dol.. Singapore, dol. Nominal 18 25-32 18% 22 41-64 22 3-64 22 41-64 22 3-64 17 37-64 — 32 7-32 31 27-64 Nominal 35 1-64 34 7-1-6 18 25-32 22 41-64 22 41-64 17 37-64 32 7-32 351-64 The cost in New Zealand currency of the pound sterling, and of tho principal overseas units, on tho latest quotations. is as follows: — Present Price k d Par s d London, pound .. 25 Australia, pound .. .19 Fiji, pound . .. 22 New York, dollar .. 6 Montreal, dollar .. 5 Paris, franc . .. 0 Berlin, reichsmark .. 2 Copenhagen, krone .. 1 Yolcohama. yen .. 1 0.00 11.88 5.66 3.99 3.68 1.09 1.67 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 0.58