AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23384, 28 June 1939, Page 9

AUSTRALIAN EXCHANGES

A BMSKER MARKET

A.C. INDUSTRIES DECLINE

(Received Juno 27. 8 p.m.) SYDNEY. June 27 Business 011 the Stork Exchange today was brisker and on a tinner basis, l'he only noteworthy development was a sharp fall in Australian Consolidated Industrie;; as a result of the Government's announcement ot the intention to have the company's operations investigated by the J'arilt Board because ot alleged excessive prolits. Sales included:— £ s <i Commercial bank Australia 014 lu'.j Union Bank. . . • • < 1" 1 ' t i otilsbrouuii-Mort .. •• t •> " Wilcox. MolTlin .. .. o 0 o Adelaide Steam . . • • 111 i» lluddurt-L'arkcr . . • • 2 10 <> Australian (las (A, old) .. 7 0 o Tooth's Breweries .. .. - :i Yarra Falls . . .. • • 110 0 Associated News .. .. o is <> Ditto (pref.) . . • • 10 0 Australian Gypsum .. .. 1 - " A.CM ' I' Ditto 1 11 0 Burns, Philp .. •• - to 3 Broken Hill Pty 3 On J)it to (con.) . . . . 'Jit 0 Colonial Susrar .. .. 45 2 0 Electrolytic Zinc . . . . 2 7 0 Ditto (pref.) . . . . —ll U Kelt and Textiles .. .. 1 9 9 Ciilison ITowes .. .. 1 10 0 G. J. Coles (ricrlits) .. .. 'J 0 !) General Industries .. .. (> 11» 0 Henry Jones . . . . . . 0 7' j J. Mcf!rath . . . . . . 1 1.1 0 Kandos Cement .. .. 1 0 9 Morts Dock . . . . . . 0 1111 Ditto (N.Z. delivery) .. Olt 11 Standard Cement . . 110 Woolwortlis (Sydney) .. 1 1 It W. Atkins . . . . . . 12 0 W. Adams . . . . . . 0 15 6 Mount Lyell . . . . 15 1 Mount Morgan . . . . 002 North Broken Hill . . . . 0 10 Katvang Tin . .. .. o o 7 Placer Development . . 3 s O Loloma . . .. ~ 110 Emperor . . *'. o S 11 ( ommonwealth Bonds.—*V' 4 per cent, 191K, •C9O 1 ss; :r; per cent, lino, £OS (is 3d; 1951, COS 15s; ,'l 7-s per cent, 1951, 17s (id : i per cent, mil. £ion 13s nd: 1 ot7, c 101 '_'s <!d; liir.o, tino lis 3d-, 1!).".:!, CIO] 17s (ill; 1055, t'loo ss; I i l."» 7, Cloo 10s; 1050. £IOO llis lid; lOfil £lol' Ms !ld. MELBOURNE EXCHANGE On the .Melbourne Exchange the following sales took place: £ s d Commercial Bank Australia O 14 0 Ditto (pref.) .. . . S 14 O Nat. Bank A'asia (£5) .. fit 0 British Tobacco .. .. 2 7 0 Broken Hill Pty 2 JO 0 Dunlrip-Perdrinu .. .. 0 19 4 Ditto (pref.) .. .. 1 Hi 0 (I. J. Coles frights) .. 2 0 0" Electrolytic Zinc .. .. 2 0 0 Ditto (pref.) . . .. 2 11 3 Taranaki Oil Fields .. 0 0 4 North Broken Hill .. .. 2 4 0 Loloma . . .. .. 110 WEAK LONDON MARKETS WALL STKEET TONE IMPROVES LONDON", June 20 The stock markets are weak nil round on the Far Eastern happenings. British funds and industrials mostly are easier. A message from New. York states that the turnover amounted to 500.000 shares, compared with 480,000 shares on the closing day of last week. FOREIGN EXCHANGES LONDON RATES STEADY British Wireless LONDON. June 20 The following rates on foreign exchanges are current, compared with the cabled quotations on Saturday and par:— June 20 June 21 Par Montreal, dol. . . 4.60y„ 4.09 V,, 4.506 New York, dol. 4.08% 4.08% 4.50 Paris, fr. .. 170 3 ,£ 170% 170.00 Brussels, boltr.'i. . 27.."i2*/j 27..">2% 35.00 Geneva, fr. . . 20.77 20.77 25.22 Amsterdam, gr. S.SI% 8.81% 12.10 Milan, lire .. SO SO 02.00 Berlin, r.m. .. 11.07 11.07 20.43 Stockholm, kr... 10.42 10.42 15.150 Copenhagen, kr. 22.10 22.10 IS. 15!) Oslo, kr. .. 10.00 10.00 18.15!) Prague, kr. . . t + 104.25 Helsingfors, mark 220% 220% 193.23 Madrid, i>es. t + 25.221 Lisbon, escu. .. 110", 110VS 110 Athens, dr. . . 517'/ a 547% 375.00 Bucharest, lei... 020 020 81.1.0 Rio de Janeiro, m. 2 lt ,vd 2" vd 5.599 d Buenos Aires, pes. 20.21 20.21 11.45 Montevifieo. dol. ISd 18d 51d Bombay, rupee.. 17 2 °3 2 d 17 2 %ad 18d Shanghai, d 01... t t Hongkong. dol. 14"/,. M% Yokohama. yen lld ltd 24.55(1 Batavia, gr. . . S.sO S.SI Belgrade, din. . . 210 210 270^1 Warsaw, zloty.. 21.81 24.84 43.3S tNorninal. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of Now South Wales) quoted the following dollar rates on a New Zealand currency basis, subject to alteration without notice: Selling: United States Canada T.T. . . • • 3.72% 3.73% On demand . . 3.72% 3.73% Buying: , On demand .. 3.77'/ie 3.<9, a 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 CI N Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol .. 3.7315 3.7708 3 7325 Canada, dol. .. 3.7120 3.7010 3,1:0 Belgium, helga . 21.027 22.312 2L9 2 Denmark, kr. 17.830 18.200 ,832 Finland. Fin. ins. 170.07 1*5.2, };0 ? France, fr. . . 1 10,17 141.22 110.49 Germany, r.m. 0.2,1 o._«.i C, recce, drachmas 120.20 Holland, n. .. 7.012 7.202 I' 0 , I ,' Ttsil.v, lire .. 70.011 Java. n. .. 0.087 7.177 O.OSj) Norwav. kr. ..15.830 10 lS(i is.s:!o Noumea, fr. .. 138.72 140.97 'O I'iipeete, fr. .. 138.87 L f5 ,'-i Sweden kr. . 15.450 15.SH Switzerland, fr. 10.537 10.00, 1(>..>10 Sou tii Africa. tVZ Io CS.A. 12,17 122.17 124.17 N.Z pence to — Hongkong, dol 18 21-32 187, 18 21-32 India, rupee .. 220-10 Ceylon, rupee 22 0-10 Japan, yen 17 37-04 Manila. peso 327-32 3127-04 32 /-32 siiangliiii. dol Nominal Singapore, dol. 35 11-01 •"> 1 10-32 3.i 11-01 The cost in New Zealand currency of the pound sterling, and 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 .. •" 4.08 4 1.31 Montreal, dollar .. f> 3.03 4 1.31 Paris, franc .. 0 1.70 0 1.34 Berlin, reichsmnrk .. 2 1.70 0 11.74 Copenhagen krone.. 1 1.30 1 1.22 Yokohama yen 1 5.5(1 2 0.5.4 CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: Porl H'llilax Canada dollars .. 4.0!) Porl Halifax America dollars .. tHs Tolten. Canada dollars .. 4 0!) Tollen America, dollars .. 4.0 H BRITISH WAR LOAN QUOTATION WEAKER British Wireless LONDON, June 20 War loan. 3J per cent, is quoted at £9l 2s (id. compared with £9l lis 3d on .June 23. LONDON MINING MARKET LONDON, June 20 On the mining market to-day Clutha IJivers were quoted at Is buyers and Is 3d sellers, and Molyneux Rivers at lid aud -lid respectively.