AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23431, 22 August 1939, Page 5

AUSTRALIAN EXCHANGES

PRICES GENERALLY EASIER SHARP FALLS IN METALS (Received August 21, 7.50 p.m.) SYDNEY, Aug. 21 Prices wore generally easier on the Stock Exchange to-dny, with sharp falls |. in metal shares. Rights to the new j Australian Consolidated Industries issue j_ received their first quotation to-dav I, i with a morning buyer at 5 s and a i- noon seller at 7s i)d. Sales included: '[ £ 5 (1 >' Hunk New Smith Wales . . 28 0 0 Nut. Hanlc A'nsia (t5) .. n 2 ([ Commercial Banking, Sydney IS 3 0 Commercial Hank Australia . 0 31 7 Gold.stirougli-Mort .. .. 11!) Howard Smith .. .. 0 1!) 7 Associated News .. .. 017 ,10Vi 1 British Tobacco .. .. 2 5 0 Broken Hill Ply a 0 It > Burns. Philp .. .. 2 10 0 lj Colonial Sugar .. .. -11 10 0 ' | Drug Houses . . .. 12 1 ' \ Electrolytic Zinc .. .. 2 0 0 | Ditto (pref.) .. .. 2 12 0 ,! General Industries .. .. 010 3 [■ ! G. ,T. Coles . . . . . . 3 110 ) .1 Met:rath (ex div.) .. 112 1 % > Kandos Cement .. .. 1 10 0 [ Millaquin Sugar ~ .. 2 0 3 Sargent s .. .. .. 17 0 W'oohvorths (Sydney) .. 13 0 Mount Lyell . . .. ~ 15 3. Mount Morgan .. .. 0 S 31 Broken Hill South .. .. l. 5 3 North Broken Ilill .. .. 2 3 0 New Broken Hill .. .. 010 3 IJawang . . . . . . 0 0 0 F.mperor . . . . .. ■ 0 011 Lolomu .. . . .. 15 0 Oil Search . . . . .. 0 10 Commonwealth Bonds.—3% per cent, 10-18, £OO 7s (id; 3?4 per rent, 1051, £OB Ss Od; 3051, £O7 3s Od; 3% per cent, 1051, £OO ss; ■1 per cent, 1011, £ioi 3s Oil; 1017, £lO2 10s. MELBOURNE EXCHANGE Sales on the Melbourne Exchange included : £ 9 (1 Metropolitan Gas .. .. 33 4 0 Carlton Brewery .. .. 3 8 0 Aust. Iron and Steel (pf.) 17 0 Broken TTil 1 Ply. . . . . 3 0 0 Dnnlop-Perdriau .. .. 0 18 2 Electrolytic Zinc (pref.) .. 212 0 G. J. Coles 3 11. 0 Mount Lyell .. .. .. 15 7 Mount Morgan ~ O S 11 Loloma .. .. .. 1 5 30 Emperor .. .. .. 0 10 0 FOREIGN EXCHANGES 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% 3.72% On demand .. 3.72% 3.72% Buying: On demand .. 3.77 , y,« 3.75% 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: T.T. On Demand Selling Buying Selling London, £X.Z. to £IOO sterling . . 125 123.15.0 12-1.10 0 Australia, £ A. to £N.Z. 100. .. 100 100.10 300 Fiji. t'F. to £N.Z. 300 . . . 58.32.0 00 55.12.0 South Africa, £N.Z. to £S.A. 100. .. 121.17 122.17 124.17 To £1 N.Z. Currency— U.S.A.. dol. .. 3.7331 3.7703 3.7321 Canada, dol. .. 3.7314 3.7801 3.7321 Belgium, belga. 21.052 22.337 21.057 Denmark, kr. . 3 7.830 38.200 37.832. Finland, Fin. ms. 170.08 185.28 170.18 France, fr. .. 110.10 1-1-1.21 1-10.18 Germany, r.m. . 0.200 Greece, drachmas -120.20 Holland, fl. .. 0.027 7.117 0.020 Italy, lire .. 70.04 Java, fl. .. 0.007 7.007 0.000 , Norway, kr. .. 15.830 10.180 15.812 Noumea, fr. .. 338.71 140.00 338.75 Papeete fr. .. 138.80 .1-10.30 135.00 Sweden, kr. .. 15.137 15.702 15.4 10 Switzerland, fr. 10.501 30.871 30.50-1 , N.Z pence to— Hongkong, dol. 18V, 18 3-32 18V, India, rupee .. 22% 22 3-10 22% Ceylon, rupee . 22% 22 3-10 22% Japan, yen . 17 37-0-1 Manila, peso . 32 7-32 31 27-01 32 7-32 Shanghai, dol.. Nominal Singapore, dol. 35 21-04 31% 35 21-01 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Prico Par s d s d London pound . . 25 0.00 20 0.00 Australia, pound .. 10 3 I.MS 20 0.00 Fiji, pound . .. 22 5.00 20 0.00 New York, dollar .. 5, 4.00 4 1.31 Montreal, dollar .. 5' 4.08 4 1.31 Paris, franc . .. 0 1.70 0 1.34 Berlin, reichsrnark .. 2 1.73 0 11.74 Copenhagen, krone.. 1 1.30 1 1.22 Yokohama, yen .. 1 5.50 2 0.58 WINCHCOMBE, CARSON SMALL DROP IN PROFIT SEASONAL CONDITIONS IMPROVE A net profit of was shown by Winchcombe, Carson, Limited, the Australian wool broking and stock agency company, for the year ended June 30, a decline of only £2137 in comparison with the previous year's earnings. The dividend of 7 per cent (against, 7.} per cent in ]9.'JS) requires £38.500. A transfer of £IO.OOO to reserve will increase this fund to £220.000 and £9-185 will be carried forward, against £10.075 brought in. The directors report that a continuance of adverse seasonal conditions, together with a further reduction in wool prices and uncertainty in international affairs, made the company's 50th year a difficult one. The seasonal outlook generally is now greatly improved, and, particularly in New South Wales, the country has responded well to the good rains experienced during the last few months.

NEW COMPANIES REGISTRATIONS IN SOUTH Regislration of the following new private companies in the south is contained in the Mercantile Gazette:— Die Castings, Limited (Wellington).—Capital, it,ooo, in .•.01)0 Shares of £ L each. Subscribers: Wellington-—Pa Ho Engineering. Ltd.. 'looo ord.; K. I'allo, iv.o ord. and '2"iO pref.; C. 13. Gixldurd. ord. and 2.">0 pref. Objects: Die casters and general founders. Dominion Confectionery Company. Limited (Wellington). Capital. C'_'.V>o, in 'J.".00 shares of I'l each. Subscribers: Wellington—E. J. Solomon, tooo; J. E. C. Solomon. 000, Ozjccts: Deal in confectionery of all descriptions. Reliance Joinerv and Cabinet Companv. Limited (Wellington).—Capital, £"2000. in •2000 shares of x' 1 each. Subscribers: Wellington—F. JT. Krazer-Smith, 11)00; A. Me Kin lion, 100. Objects: Business of a sash ami door factory anil joinery works. Tansey (Cyril G.) and Son, Limited (Chrisichurch).—Capital, £2OOO in £J shares. Sii bsi Cibers: Christchurch—C. G. Tansev. 11)118; I'. G." A. Tansey and C. J. P. Hashford, l each Objects: Manufacturers and importers of all electrical appliances. INCREASE IN CAPITAL Young (T. and W.), Limited (Wellington). —Capital increased by tho addition of £oO.OOO beyond the registered . capital of £ 00,000. E.M I''. Electrical Company (N.Z.). Limited (Wellington).—Capital increased by the addition of £(>soo beyond tho registered capital of cr.ooo. Bull (Horace). Limited (Auckland).—Capital increased to £">000 by creation of HOOO neiv shares of £1 each. Paramount Bedding Company, Limited (Auckland). —Capital increased by addition thereto of £'2ooo beyond rcgd. capital (making in all £7000).