AUSTRALIAN DEALINGS

New Zealand Herald, Volume LXXVII, Issue 23592, 28 February 1940, Page 7

AUSTRALIAN DEALINGS

WIDER INTEREST SHOWN REACTION TO WAR LOAN (Received February 27, 8.4? p.tri.V SYDNEY, Feb. 27 AVider interest was displayed on the Sydney Stock Exchange-to-day ? following the announcement of the probable terms of the first war loan. Sellers were more willing to meet buyers. Sales included : .c s d Bank of New .South Wales 28 4 0 Commercial Biinkiiis, Sydney 3!) 3 0 Union Bonk .. . 7 :? <> ITuddart-Parkcr .. .. 2 1!) 0 Toolicy's Brewery . . .. 1 S 4/ 3 Ditto (N.Z. delivery) .. 1 S K Tooth's . . • ■ 2 .32 0 A.C.I. 3 K> 3 Associated Newspapers ... 0 15 0 Ditto Cpref.) •• o ,l < 0 Broken Hill Pty. 2 ' ' Jj Ditto (N.Z. delivery) .. 2 V f> Ditto 2 Cash Orders . .. • • O 10 J. Fieldim? '1 7 0 AVoolworths (Sydney) .. 1 - 4.4 Ditto (N.Z. delivery) .. 12 4Va Mount Lycll •• •• 1 1'- § Mount Morgan .. •• 010 3 Also. —Commonwealth bonds, 1011, 4 per cent, ito2 r,s; 105!), 4, i'lOC 15s. MELBOURNE EXCHANGE £ R d Commercial Bank Australia 015 2 Metropolitan Gas >. .. 33 S 0 Claude Neon •• 3 0 0 Electrolytic Zinc (pref.) .. 2 1/ 0 Hunie Pipe (Aiist.) .. .. 031 0 "Woolwortlis (Sydney) .. .3 2 3 Emperor Loloma .. • • • • l l- o SHAREMARKET INDICES . New York Dow Jones' averages (1926 equals 100) and turnover on the New York Stock Exchange are as follows: —• 20 Rail- 30 Shares roads Industrials sold February 10 .. 30.00 3-18.40 030.000 February 2() .. 31.00 118.(15 810,000 February 21. .. 30.81 148.3-1 780,00(1 February 23 .. 30.1(2 147.35 050,000 February 21 .. 30.03. 3 10.72 380.000 February 2(5 .. 00.03 14 0.44 440,000 Highest in 1939.- —Railroads, 35.90 (September 27); industrials, 151.22 (September 12). Lowest in 1939: Railroads', 2-1.15 (April 18) ; industrials. 121.4 (April 8). London Stock indices compiled by the Financial Times, London, are as follows (October 15, 1926, equals 100): — Govt. Home Indus- Gold securities rails trials mines Fobrnnrv 1D .. .101). 1 50.(1 1)7.1 157.1 February 20 .. lOlUt 50.4 ItS.O . 187.2 Februitry 21. .. 100.5 50.0 08.0 180..) February 22 .. 100.5 57.0 00.8 188.2 February 23.. 300.0 50.8 100.1 100.3 February 20 .. 30l).8 50.2 100. < 100.1 TIN QUOTA CUT REDUCTION TO 80 PER CENT (Received , February 27, G. 32 p.m.) .LONDON, F6b. 27 At a meeting of . the International Till Committee held in London to-day the quota for the second quarter of 1940 was fixed at 80 per cent of standard tonnages. Tliis means a reduction of 40 per cent on the quota for the current quarter. FOREIGN EXCHANGE RATES LONDON, Feb. 20 Foreign exchange rates are:—New York (dollar), 4.002; Montreal (dollar), ,4.45: Paris (franc),'.l76U; Amsterdam (gr.), 7.545; Brussels (bolga), 2:5.775; Milan (lire), 77.75; .Hongkong (dollar), 14 15-16(1; Shanghai (dollar), 4. 3-16; Stockholm (kr.), 16.90; Copenhagen (kr.), 20.50; jiatavia (II.) t 7.44 to 7.54; Oslo (kr.), 17.70;- Geneva (fr.), 17.00; Bombay (rupee)}. 18tl; Kobe (veil), 14 19-64 d; Buenos'Aires (pes.), 17.275. MINING SHARES IN LONDON LONDON. Feb. 20 Milling shares rtre quoted-in London as follows:—Mount Lyell,,2os 9d; New Guinea, Is lOd.