AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23356, 26 May 1939, Page 9

AUSTRALIAN EXCHANGES

DECIDED IMPROVEMENT

HEAVY TRADING INCREASE (Received May 25, 8 p.m.) SYDNEY, May 25 On the Sydney Stock Exchango today all departments of the investment market showed a decided improvement. Tlioro was a heavy increase in trading along healthy lines. Sales included:— Bank of New South Wales £ 8 d (ex dlv.) 28 0 0 Commercial Bank Australia 015 0 Commercial Banking Sydney sft 5 0 Queensland National Bank . 414 0 South British .. .. 2 0 0 United Insurance .. .. 017 o Goldsbrousrh-Mort .. .. 3 0 0 Adelaide Steam . . .. in :> Huddart-Parker . . 2 l.'l 0 Feltf and Textiles (2nd prcf.) 1 0 0 8 Brewer y • • • • 1 0 a lootn s , , ~ o i•» »» » Diw ° •• i! 2i3 o Anthony Hordern .. .. 014 3 Ditto (prof.) .. .. 100 pW°&d st "\ ""*•> g nif/ 1 ' I P ? ty - • • :: aB 0 • D o (con.) .. .. 218 3 JJittO , <) 1 A A Burns-Fillip . 11 " 5 ? S Cash Orders , o in 7 1 / David Jones , ~ " 114 o Dunlop-Perdrlau .. ;; a 0 1% UlllO 1 ft 1 Electrolytic Zino .. | 2 0 0 Ditto (pref.) .. 2 H 0 v*. J. Coles . . . g io o Gen. Industries (N.Z, deliv.j 010 0 ""d Howes .. .. ill I) lyiistre Hosiery .. oio n Masonite Corporation , .. 010 3 Megpitts 1 io o Morfs Dock 0 15 3 Millaquln Sugar !! " o Newbold Brick .. 1 [ ilO 0 Taubmans (ex div.) . . <» " ~ United Provisions .. . 0 7 3 \\. Adams . , 015 'I Woolworths (Sydney) ion 1 aranaki Oil 0 5 o Broken Hill South . . . 1 7 -t Mount Lyell . . . . ' 1 n 7»/ New Broken Hill .. .0 15 a North Broken Hill .. .. 2 3 3 Kawang Tin 0 7 4 Zinc Corporation .. ~ 4 io 0 ™S om oT nweaUh Bonds.—3 per cent, 1018, sor : & %V) 1 - 1,)51 ' f im 7s Gd > 1054 £OB lbs lid; 3% per cent, 1054, £lOl- 4 t'£ r cent, 1044, £lOl 2s Gd; 1050, £lOl 13s Od' ' ,C 1 0~ - 1 - 8 ({J: IfWll, £lOl MELBOURNE EXCHANGE Business on the Melbourne market included:— £ s (i Commercial Bank Aust. (pf.) 813 0 E., S. and A. Bank . .. 4 14 0 Electrolytic Zinc (pref.) .. 211 0 G. J. Coles (ex rights) .. 312 0 Broken Hill South .. .. 17 0 Emperor .. .. .. o B ft Mount Lyell . .. .. 1 fl 10 Mount Morgan .. .. 010 5 North Broken Hill .. .. 2 0 7 STRONG LONDON TONE ACTIVITY OX WALL STREET LONDON, May 24 The gilt-edged market remains very firm. Strength has been encouraged by the belief that the Treasury will take the opportunity of the early issue of a defence loan. Call money in New York remains at 1 per cent. Stock Exchange turnover totalled 1,010,000 shares, against 420,000 shares on the previous day. FOREIGN EXCHANGES DOLLAR AND FRANC STEADY British Wireless LONDON, May 24 The following rates 011 foreign exchanges are current, compared with the cabled quotations yesterday and par:— * May 24 May 23 Par Montreal, do!. .4.(J9 11 / 1 « 4.00% 4.800 New York, dol. 4.08 Vi 4.08% 4.80 Paris.fr. .. 170% 170% 170.00 Brussels, helga.. 27.50% 27.50% 35.00 Geneva, fr. . . 20.70% 20.77% 25.22 Amsterdam, gr. 8.72% 8.71% 12.10 Milan, lire . . 89 89 02.00 Berlin, r.m. .. 11.07 11.00% 20.13 Stockholm, kr... 19.41% 10.41% 18.159 Copenhagen, kr. 22.40 22.40 IS. 159 Oslo, kr. .. 10.90 19.90 18.159 Prague, kr. t H 101.25 Helsinufors, mark !;•_!<;% 1!)3.*J3 Madrid, pes. I t 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. .. 517% 517% 375.00 Bucharest, lei... • >'•!() 000 813.0 Rio de Janeiro, m. 2 2 %;td 2 2 % 2 d s.Bltf)d Buenos Aires, pes. 20.21% 20.22% 11.45 Montevideo, dol. 18d ISd old Bombay, rupee.. 17% d 18d Shanghai, d 01... + t Honglcong, do!. 14"/ i» 14*%# Yokohama, yen 14d lid 24.58 d Batavia, gr. .. 8.70 8.70% 12.10 Belgrade, din... 210 210 270.31 Warsaw, zloty .. 24.57 24.87 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: Uuitcd States Canada T.T 3.72% 3.73% On demand .. 3.72% 3.73% Buying: On demand .. 3.77 ,5 /ia 3.79% Following are the latest rates for purchases and sales of foreign exchango 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 Soiling Buying Selling U.S.A., dol. .. 3.7314 3.7798 3.7324 Canada, dol. . . 3.7414 3.7931 3.7451 Belgium, belea . 21.910 22.295 21.015 Denmark, kr. . 17.830 15.200 17.832 Finland, Fin. ms. 179.10 155.30 179.20 Germany, r.m. . 9.209 G recce, drachmas 425.19 Holland, fl. .. 0.935 7.125 0.937 Italy, lire .. 70.04 Java, fl. ... 0.907 7.007 0.909 Norway, kr. .. 15.838 10.188 15 841 Noumea, fr .. 138.74 Papeete, fr. .. 138.89 Sweden, kr. . . 15.450 15.805 15.453 Switzerland, fr. 10.555 10.025 10.558 South Africa, X'N.Z. to £S.A. 100 . . 121.17 122.17 124.17 N.Z. pence to — Hongkong, dol. 18 49-04 18 23-04 18 40-04 India, rupee . . 22 27-04 22 7-04 22 27-04 Ceylon, rupee . 22 27-04 22 7-04 22 27-04

Japan, yen .. 17 37-04 Manila, peso . 32VS 31 29-04 li' 2 /4 Shanghai, dol.. Nominal Singapore, dol. 35 31 27-04 35 The cost in New Zealand currency of the pound sterling, arid of the principal overseas units, on 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 5.00 20 0.00 New York, dollar .. 5 4.00 4 1.31 Montreal, dollar .. 5 3.25 4 1.31 Paris, franc . ..0 1.70 0 1.34 Berlin, rcichsmark .. 2 1.70 0 11.74 Copenhagen, krone.. 1 1.39 1 1.22 Yokohama, yon .. 1 6.50 2 0.58 CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in tho following table:— Naumburg, America, dollars .. .. 4.08 Aorangi, Canada, dollars .. .. 4.70 Aorangi, America, dollars .. .. 4.08 City-of Glasgow, Canada, dollars ~ 4.70 City of Glasgow, America, dollars .. 4.08 STOCK EXCHANGE COMPANY [BY TEI.KGRAPU —OWN COUHKSPONDKNT] DUNEDIN, Thursday Net profit of £1404, against £1209 in the previous year, is shown in the accounts of the Dunodin Stock Exchange Proprietary, Limited, for the year ended April ;JO. Dividend is maintained at 5 per cent, with a final payment of 2i per cent, while a bonus distribution of 2J per cent is repeated. Dividend and bonus require £ISOO, leaving £2116 to bo carried forward, against £2212 brought in. MOUNT LYELL SHARES LONDON. Mny 24 On tho mining market to-day Mount Lyells sold at 20s.