FINANCE AND COMMERCE

Taranaki Daily News, 8 November 1932, Page 16

FINANCE AND COMMERCE

RATES ON FOREIGN EXCHANGES.

IMPROVEMENT IN STERLING. (British Official Wireless.) Rec. 5.5 p.m. Rugby, Nov. 5. The following rates are current on foreign exchanges, compared with quotations on Thursday and par: —

SHAREMARKET TRANSACTIONS.

Wellington, Nov. 7: Reported sale: Bank of New Zealand, 475.

Dunedin, Nov. 17: Sale on Exchange: Cornish Point, Sid. Reported sales: Alexander, 19s 6d and 19s 9d. Christchurch, Nov. 7:—Sales on exchange': Bank of Australasia, £9 12s 6<l; National Insurance (cum div.), 14s lOd; Goldsbrough Mort, 23s 4d (2 parcels); Mt. Lyell, 20s ,4d (2 parcels), 20s sd; Blackwater Mines, 19s 4d (2 parcels); Golden Dawn, 5s 3d (2 parcels); Golden Point, sd. Auckland, Nov. 7:—Stock, 1937, 5J per cent., Sept., £lOO (2 parcels); N.Z. Insurance, 43s lOd, 43s lid; Renown Collieries, 2s 6d; Kauri Timber, l'2s 6d; Waihi Grand June., 3s sd. SYDNEY STOCK EXCHANGE. By Telegraph—Press Assn.—Copyright. Rec. 9.35 p.m. Sydney, Nov. The Stock Exchange turnover was below normal to-day as is customary when a new loan is on the market. Bank scrip was fairly well supported, while leading industrials held thenground' well.

Sales were: Commercial Bank of Australia (New Zealand delivery), 16s Bank of New South Wales, £3l ss; Bank of Adelaide, £6 ss; Colonial Sugar, £56; Howard Smith, 10s 9d; Burns Philp, 49s 9d; ditto South Sea, 80s; Austral. Gas (A), £6 18s 6d; Tooth’s Brewery, 36s 13d; Dunlop Perdriau, 17s 103 d; Australian Glass, 46s 6d; British Tobacco (New Zealand delivery), 34s 9d; Electrolytic Zinc (pref.), 28s 6d; Morris Hedstrom, 19s; Winchcpmbe Carson, 23s 9d; Sulphide Corporation, 9s sd; Zinc Corporation, 29s 6d; Broken Hill Ppy., 27s 9d; North Broken Hill, 75s 3d; South Broken Hill, 48s 9d; Commonwealth 4 per cent. Bonds, 1938 £lO2 ss, 1941 £lO2 10s, 1944 £lOl 12s 6d, 1947 £lOl 15s, 1950 £lo'l 8s 9d, 1953 £lO2 ss, 1955 £lO2 7s 6d, 1957 £lO3, . 1959 £lOl 16s 3d, 1961 £lO2 2s 6(1.

Melbourne reports the following sales: Dunlop Perdriau, 17s lOd; HeraldTimes, s'Bs; Myers, 27s 7>}d.

SYDNEY WOOL MARKET.

YORKSHIRE BUYING IMPROVES.

Rec. 9.15 p.m. Sydney, Nov. 7. The wool market was firm to-day at last week’s closing rates. Of the 11,739 bales offered to-day 10,997 were sold, also 2218 were disposed of privately. Continental and Japanese buyers were the chief operators and there was improved buying on Yorkshire account. Greasy merino made 16Jd per lb.

Nov. 5 Nov. 3 Par. Paris, fr 83 15-16 83% 124.21 New York, doL .« . 3.29% 3.29% 4.366 Montreal, dol. . 3.70 3.64% 4.866 Brussels, belga ., . 23.70 — 35.00 Geneva, fr 17.10 17.07 25.225 Amsterdam, fl. . 8.20 — 12.107 Milan, lira . 74% 64*4 92.46 Berlin, r.m 13 29-32 13.84% 20.43 Stockholm, kr. , 18.95-72 19 1-32 18.159 Copenhagen, kr. .. . 19.19% 19.20 18.159 Oslo, kr . 19% ■ .— 18.159 Vienna, sch. .... . 28* 28* 34.585 Prague, kr. .. 111% 111% 164.25 Helsingfors, mark 230 230 193.23 Madrid, pes 40 5-16 40 5-16 25.225 Lisbon, escu ... . 103 109% 110 Athens, dr . 5'8'0 580 3’75 Bucharest, lei 560 585 813.6 . Belgrade, din. ... . «—* 232% 276.31 Rio Janeiro, mil ■ 5%* 5%* 5.899(1 Buenos Aires, dol. * ♦ 47.619d Montevideo, dol. .. . 30* 30* 51d Bombay, rupee .. 1811-64 18 11-64 18d Shanghai, tael .. 21% 21 3-16 —d Hong Kong, dol. .. 16 7-16 16% —d Yokohama, yen .. 15 3-16 ‘Nominal. 15 7-16 24.58d