AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23437, 29 August 1939, Page 5

AUSTRALIAN EXCHANGES

AN UNCERTAIN TREND

BROKEN HILLS ACTIVE (Received August *js, 9.10 p.m.) SYDNEY, A tiff. 2S On the Stock Exchange, price movements were uncertain, hut in the main tended downward. Business was fairly brisk. There were heavy dealings in Broken Hill Proprietary following opening sales at (J7s. Sales included: —

Commonwealth Bonds. —per cent, TDI" i'9o 15s; :i 7 e per cent, 105-1. £!•!) ss; •1 per cent, 11111, iMOO t'Js lid; lllt-l. £'loo 15s; 1! 155, XIOO IDS; 1050, £IOO 10s; 100.1, £lOl lis :td. MELBOURNE EXCHANGE Business on the Melbourno Stock Exchange included: — £ s <1

FOREIGN EXCHANGES NEW ZEALAND QUOTATIONS Tho Associated Banks (other than the Bank of Now South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis, subject to alteration without notice: — Selling::, United.States Canada On demand . ■ 3.35% 3.-17"/ m Buying: • On demand .. .J. 08% 3. <O/m 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:—

CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at tlie date of departure of vessels named arc shown in the following table:— JlunclilTc, America, dollars .. .. JOS Huncliffe, Canada, dollars .. ~ ICD .Mariposa, America, dollars .. .. 4.08 Mariposa, Canada, dollars .. .. 4.08

CHRISTCHURCH EXCHANGE LAST WEEK'S TURNOVER Turnover on the Christehurch Stock Exchange last week was £16.160, compared with £13,!)60 the week previously. The value of the business completed in the various sections of the market, with the previous week's figure in parentheses, was as follows:—Government loans, £2376 (£2990); debentures, £IOBO (—); banks, £2093 (£1961); insurance, £641 (£1500); frozen meat, £l6-1 (£B.°J): miscellaneous, £9.571 (£6567); mining, £635 (£182).

NEW ZEALAND DRUG USUAL INTERIM DIVIDEND [iJY TKf.KOIIAI'JI —OWN COItUKSPONOKN'T] DUXKDTX, Monday The directors of Kemptliorne I'rossor and Company's New Zealand Drug Company. Limited, have declared an interim dividend of 3} per cent for the halfyear ended August 31. The rate is unchanged. Payment will be made on September 20. RAND PROFITS HIGHER SIX MONTHS* INCREASE Statistics issued by the Transvaal Chamber of Mines for the first half of tlie year show that tonnage milled by the mines increased by 2,000,000 tons, compared with the corresponding period of 1938., to 28.500.000 tons. The vicld. at 0.259.0000z. increased by 307.0000/.. Revenue, at £<14.781.000, was £l.-11 1.000 higher, or 31s 5d a ton, compared with 30s lOd for the first half of last year. Costs increased by over £2.500,000. to £27.575,700. and profits showed a rise of some £2,000,000 to £17,205,716, ec|iiaI to 12s Id a ton, compared with lis 8(1. Distributed in dividends in the half-year was £9,500.000. an increase of nearly £1.200,000. For June, total estimated working profit; was £2.912,121, ngainsL £2,961,7(39 for May. SECRETARY APPOINTED ELTHAM DAIRY COMPANY [HY TKI.KGHAI'II —OWN COIHI KSI'ONI>K.NT] NEW PLYMOUTH, Monday The chief accountant of the New Zealand Co-operative Dairy Company, Limited, Hamilton, Mr. L. V. Llovd, has been appointed secretary of the Kltham Co-operative Dairy Factory Company, Limited. Kltbam, in succession to Mr. C. 11. Courtney, who has taken the post of secretary to the New Zealand Dairy Board. There were 02 applicants for the position. Mr. Lloyd will com- I mencc his duties at Eltham, in October.

.C K <1 Bitiik New Soul h AVnlos <_>7 5 0 Commercial Banking Sydney .17 J.I 0 Ditto 17 !) 0 Commercial Bank Australia (i M •J l>itto 0 It 0 Mercantile Mutual Jnsce. .. 1 v s 0 Coldsbroutfh-Mort (N.Z. dcliv.) 1 •t i> "Winchcombe Carson . L (i u Wilcox MolTliu (1 5 (< Australian Gas (A) (i 17 0 Ditto (i l(i (i Felt ami Textiles .. .1 ti I) Tooth's Breweries !l <; A.C.I. :i u; Ditto i lii <i Anthony Ilordern 0 11! i) Ditto 0 is 0 Associated News (prof.) . . i o 0 British Tobacco 'j 5 :i Ditto '2 5 c> Broken llill Ply. 3 f> » Ditto :t •1 1 Va Drug Houses :i 1 <) Duulop-lYrdriau o IS Electro. Zinc (N.Z. ileliv.) . !) 0 Ditto (pref.) 'j n 0. J. Coles 3 id 0 \V. AtkiiM . . l (i AV. K. Curpenter 2 (i :s "Wool wort lis (Syd.) 1 n 0 Mount Morgan 0 s 0 Mount Lyoll I •i toli Zinc Corporation :i r» !) Broken Hill South .. r> 0 Norlh Broken Hill .. 'J b :t 0 Kmperor 0

National Bank A'asin (£5) 0 IV 0 0 Kauri Timber 1 9 Broken Hill Pty. I 10 0. J. Coles 15 i\ y Broken Hill South . 1 5 North Broken Hill . - l\ •1 Va Mount Morgan 0 s S 0 o Mount Lycll 1 5 Lolonia 1 0 Emperor 1) u Zinc Corporation 3 17

T.T. On Demand Selling Buying Selling London, j'WZ. to £100 124.10.0 sterling .. 125 123.1S.0 Australia, CA. to £N.Z. 100.10 100 100 . 100 Fiji. i'F. to £N.Z. SS.12.G TOO . SS.12.0 00 South Afrira. I!X.Z. to £S.A. 12-1.17 100 . 12-1.17 122.17 To CI N.Z. Currency— U.SA., d»U 3 1020 3.5002 3.4030 Canada, dol. . . 3. S311 3.0331 3.4351 Belgium, helga 20.002 21.087 20.007 Denmark, kr. . Nominal France, fr. 134.35 148.10 131.37 Germany, r.m. . 8.773 — 8.775 Greece, drachmas .'187.000 — 388.140 Holland, H. .. 0.270 7.000 0.278 Italy, liro (14.72 — 01.74 Java,, fl. 0.220 7.010 0.228 Norway, kr. .. Nominal Noumea, fr. .. 125.00 1 f >0.85 125.04 ~ Papeete, fr. .. 120.35 157.85 120.30 Sweden, kr. .. Nominal Switzerland, fr. 15.030 10.1 so 15.012 N.Z. pence to—Hongkong, dol. Nominal India, rupee .. 23 3-32 21 21-32 23 3 32 Ceylon, rupee . 23 3-32 21 21-32 23 3-32 Japan, yen JS 5-01 — 18 5-01 Manila, peso . . 33 55-01 30 4-10 33 55-04 Shanghai, dol. . Nominal Singapore, dol. 30 1 t 33 22-32 30 13-01