EXCHANGE RATES.

Auckland Star, Volume LXVII, Issue 296, 14 December 1936, Page 4

EXCHANGE RATES.

FOREIGN QUOTATIONS. British Official Wireless. RUGBY, December 1-. Foreign exchanges on London to-day, compared with rates previously quoted : —

All quotations arc for cable transfers. ♦Price per unit of local currency. tSellers.

4 THE AUCKLAND STAR, iwnw—a—w— m». «■» mm — i wmmmmmmmmmmimm FINANCE, COMMERCE AND MARKETS. LCNC0N D ™ Y MARKET ' overseas MARKETS. . 4— HEAVY CHRISTMAS SUPPLIES. EXPORT MEAT TRADE. FACTS FOR INVESTORS. ON 'CHANGE. lower Akes expected. i >ri ces at smitfield. The New Zealand Meat Producers __ _, v . (Received 11 a.m.) Board advises that the following are tlr . v/r ., , TO'DAY S HOLIDAY. ,, , n approximate average prices realised for th PROGRESS OF MOUNT LYELL. LOMJO'N. December 13. wce ] {; based on actual transactions o Commodities generally are firm. Butter -wholesale quantities of the descriptions o To-dav, the King's Birthdav, was has continued without feature, the demand meat mentioned,, and are for representa BEST FOR SEVEN YEARS. observed as a dose holiday by members bc ing very quiet, 'but there was an t,eh,g to Cinei Z!e on thi - ot tlle -Auckland 3-.\di<ui 0 i. attempt to stabilise the market at present | Jtts i tJ „f delivered to Smithtield market IMSE COPPER PRICLS. a i | I « ■ | r% i~\ | \ /1 r~\ r— ni r\ i I OT VclIII0*3■ J.'llOl'C SGClllri tO UO 110 Jll OSpCC'fc tlIM.l/or GX XjOlltloil stoiCS. " CALL AND DIVIDEND LIST. o£ lmidl alteration in the immediate Sheep.-Canterbury and North Islam ,, „ r . . _ „ , tnfi.ro tlin ovfi-i uoi-.lit of nrivnlri selected crossbred wethers and mairtei The Mount Lyell Mining and Eailwaj •uound ' ('hrwtnris is lilelv to lead to ewes, 481b and under. 5%d per lb; 48/5611) Company, Limited, earned a profit of DIVIDENDS. | owol . prices early in'" the Vow Year with S'/id; 57/6411), 5d; (#7211), 4%d; Nortl £187,290 m the year ended September oO. . Due. " '\ " Vre st- ble market Island. 48/5611), 5%d; 57/6411). 3d; 65/7211) This is the best profit since' 1929, when Gordon and Gotch—Annual. 12 t ! f„ lv , n 4%d: ewes, 481b and under, 4%d; 48/641b • £324,130 was earned. In _that year the n c ...................... h® o e'flo 4d: 65/7211). 3%d. average price of electrolytic copper -was Goldsbrouf.li. Mort Int., - p.c. .. . Lambs.—Canterbury. 36lb and under £83 1/4 a ton, compared with £40 14/8 ' 25-' n.V."'.'. Dec! 17 C was also lou'tT. but a temporary 7%(1 . 37/40]),. e %d: 43/5011). Gttd; otlie for the year under review. Dominion Brew. —Ord.' and' pref., seaicitx ot >e\i Zealand Jed to a South Island, 361b and under, 7%d The chief factor influencing the increase int., S p.c. p.a .. Dec. IS reco\er\. J he outlook is, like bnttei, 37'40]!,, 7( l ; 43/5011), OVad. Australian of' £1*1 380 in the profit compared with Mossy Creek-Id a sl.are Dec. 18 tor uninteresting market,. with the pros- Victorian, first quality, 361b and under the previous year was the higher Y/G'asiiare Dee" 2? pect ot lower values 111 the .New leal. 7% , 37/4211), 0%d Argentine: Firs average London price of electrolytic 'a Poor Outlook for Epos. <}«" " c " 8 ' 3,1 s) ' and undei copper. The London price Avas £40 14/8.. 2/ a share Dec. 22 Traders are unable to take an 4\' i 7 P , i. irw i. Ov binds which compares with £33 8/4 in 1934-3o Alexander—1/ per slmre ....... Dec. -3 v j cu . 0 f the egg market, L 2%d Another factor was an increase of £12,608 Morn.. j . Hedstrom-liit., 2J p.c... Dec. 31 , )|la , uiti( , s . j c , were placed in W*? Ov Id,, s 145/')uilb 3%d o in dividends received from- shareholdings. Brit. lobacco-Qrly.. - p.c ,v„ str ahan Ox I o. In the under review these holdings Nat .- Tobacco—12i p.c., pf. S p.c. Jan — January. A big increase in Continental ChYlled Beef—New Zealand: Ox hinds returned £70,487. in dividends, equal to jj at Bank—Int., at 4 p.c. p.a. production makes the outlook unpro- n.-t/oiniu <xv<<]'■ nv fnrp« U">/210lb 2%d about 38 per cent of the profit earned. (stg.) Jan. 5 l M y in .,. lfc/-' 1 1.1), 4W, oi toiej 1 4j m zm Following is a statement of revenue and G. ,T. Coles—Quarterly, 1/ . Jan. 1., Av K entine. Ox .\L ;, i7.^„' onrnfits for the Inst three 'years' —' Victoria Nyanza —Annual, o p.c. Jan. -( lores, ]4o,2101b, 3-4d. U. proHtS for tlie last tnree yeais. . hinds, 145/21011). 5%d; ox fores, 145/21011) 1034. 1033. 1930. CAI.I,. THE BOARDS REPORT. 3 i/ sd . Australian: Ox hinds, 145/2101b ' £ S £ Wellington Alluvia Is 3d a share Dec. _4 4%a t . ro wci „ hts corresponding Avge. sterling Dominion Brew-New issue, -/i> Dec. ol an . all(?olncnt wjth t))c 1 , riiuai . y Pro _ 2%d. So,♦hern Rhodesia,,: Ox hinds conner 0 34/15/11 33/S'4 40/14/S | ducts Marketing Department the follow- 145/21011). 4')sd; ox fores. 145/21011), _%d. »$ghZ'. JJ*> r,4.„. CANTERBURY MARKETS. - «- Dividends . 34.S30 37,880 70,400 . Prime baconers: 121/1601b, 6-)id. Profit . 6.370 65.910 1S7.290 , New Zealand Butter. Lamb; Tendency of market is quiet Dividends ... — 3S,ToO 155,000 FOWL WHEAT IN DEIViAND. 11/12/30. Last week. Last year, owing to usual seasonal increase in sup rr,, • r i. c i.- • fi,„ Salted . 104/ 104/ 87/-SS/ plies. Miftton: Wethers tinner, oAving t( . of Z (By Telegraph Press Association., H2/-114/ .110/-118/ 9S/.02/ low-grade.deposits by open cutting, result- CHRISTCHUROH, Friday. C „o S 2004 1838 33«1 CMlled beef-Shade easier ing m the winning of 60 per cent of the xho grain aud produce markets are ex- ' to o0 '° ow i;, K to heavies supplies. New Zealanc total output by. this means and a s " " tremely quiet, and most sections are Australian: Salted, 101/ to 102/; im- porker pigs: Market firmer, owing t( stantial reduction in the mining cost, (-j unlikely to show much activity until the salted, 108/ to 109/. Deliveries, Austra- better consumption. Baconers: Nominal the mining and treating of the laigesi lle^v crop begins to come in. There is a ban, 1113 tous; in store, Australian, 2020 owing to short supplies. tonnage yet recorded; (3) the largest sustaincd demand for fowl wheat, both tons. Argentine, unsalted, 02/ to 98/; copper production m any year irom ore nuled aml undergrade, and the price South African, 98/; Danish, 94/ f.o.b., 110/ PRICE OF SILVER. won -1u the same period: and (4) the rem . lins g rm . Good whole is quoted at to US/ spot; Dutch, unsalted, 90/, ex. further reduction m the net cost of pro- 5/ a bus hel, f.o.b., with under grade about 101/; Siberian salted 04/ to 00/; Ukra- rnvnnv December 13 ducmg and realising copper, despite the cheaper man, salted, 94/ to 90/. LONDON, Decernbei l.J. lower assay value of the ore treated and There is a certain demand for oats and Butter market quiet. Retail prices un- Silver is quoted at 21 3-16d per ouiki the higher rates of wages paid. _ chaff bufc both are now in ghol . t supp ] y . changed. Xew Zealand, 1/1; Danish, 1/3. for spot and for forward delivery. The output of ore from all the com- Reports from the country indicate that Imperial Economic Committee's esti- _ _ _ A exo pany's mines was 670,400 tons, assaying mos t crops are looking exceptionally well, mated stocks all butters in store, 7S2/J05 COTTOre, RUBBER, COPRA, El L>. 2.13 per cent' copper, compared with potatoes, which have been planted heavily, boxes (last year 393,251 boxes). 580,900 tons, assaying 2.37 per cent_ for have gone in under almost ideal conditions, . New Zealand Cheese LONDON, December 12. the preceding year. Of this total 345,800 and ot h e r crops have been given an ex- . (Quotations on Dec. 5 in parentheses.) ' tons were obtained from the West Lyell cellent start. wi.ite 03/(7-04/ 02/-03/ 51/0-52/ Cotton.—Spot, 0.93d (6.81d) a lb; and' Prince Lyell open cuts. Coloured .. 03/0-04/ 02/-03/ 54/0-55/ January delivery, 0.88d (0.58d). The following table shows the produc- PnMDAlVlY ft CCA I DC Crates. Crates. Crates. Rubber.—Para. 13%d (12d) a lb; plantation for the last three years:— OUIVIrMIMl HrrHlno. Deliveries .... 30,855 15,844 25,808 t; on ;uu | smoked. 9%d (9 l-10d). Tear ended Sept. 30— lu store ■' 35 '--° 39,107 -11,484 J u te. — December-January shipments, 1934. 1935. 1930. INCREASE OF CAPITAL. Canadian: White, 71/ to 72/; coloured, £19 (£18 17/6) a ton. Ore milled, tons 37S.90S 504.241 665,422 70/ to 72/. Deliveries, Canadian, 0773 Copra.—December-January shipments, Smelted, tons. 45,654 67,928 57,4u4 - boxes; in store, Canadian, 140,170 boxes. South Sea, sun-dried. £20 5/ to London Production— - - Te Awamutu lunance Company, Ltd Cheese market steady. New Zealand and Rotterdam (£19 7/6) a ton; South I ror r 'ot 0nS 70 704 100SSS , Caplta , 1 J,lc . r f se( by addition of £o30 retail price unchanged, 8d. English: Finest Sea, smoked. £20 5/ to JIareeilles and Gold oz 4 0S2 7 532 7 015 ; v " on capital. farmers', 80/ to 88/ (firm); factory cheese, Genoa (£10 7/0); plantation, Rabaul, Gold, oz 4,08- Brothers Auckland) LWL 61/ to m/ ( slow) / ' hot-air dried, £21 5/ to London and Huge Ore Reserves. Capital increased by addition ot JRotterdam (£20 7/6). Further surface investigation of the low- beyond registered capital of £o000. Linseed Oil. — £28 5/ (£28 5/) a ton. grade ore occurrences lias added substan- Demfrey and Company, Ltd. Capital in- IIUC QJ0CK MARKETS Turpentine.-41/9 (41/9) a cwt. tially to the ore reserves, and the Prince ereased by add. ion oi: £30,oOO beyond LIVl " ° 1 mHnrxtlO. Lvell deposit has been included ill the registered capital ot £o000. estimate. The ore reserves at September , Wright; (HughI, Ltd. Cap,tal increased FEILDING SALE DULL. TREND OF TRADE. 30 were estimated at .8,825,000 tons, of an by addition of £L,000 beyond registered inci\IL» ur I nrtuiaverage assay value of 1.90 per cent copper, capital ot £3000. t}y Telegraph.—Own Correspondent.) 0.14oz silver, and 0.016oz gold a ton. l.'FlT TlTYf BANK DEBITS A GUIDE. Details of the ore reserves arc as follow:— NEW REGISTRATION. . t . ' 'r.' Tons Tons Tons • lhe 5 narket 111 al1 sec . t, ° ns at t t, } e ic ' 1 I d * The latest "Abstract of Statistics" if?Q f loo- ,n° r mi r 11 • ■ , , "ig sale was very quiet yesterday, the f m . n j s hes narticulars of the bank <lebits, 1934... . 193o. 19oG. The following new private company lias ,,roater nortion of the cattle entrv bein ' Itliniblies paitltuiais ot II1L .j North Lvell. 547,000 413.000 260,000 been rp^;s tpr p( -? in Auckland'— poition oi tl,e cattle cnti v or the total amount debited to all accounts Ly'l Comstoek 650,000 (.35,000 ' 534,000' • " " ' .. passed in. &neep \ alues genet ally were ( exc .hidiiig Government) by the trading Crown Lvell 350,000 244.000 230,000 Ashworth 1 urnishmg Co., Ltd., cabinet- down. lhe following are the quota- banks during each week. KovalTharsis 2,600,000 2.400,000 2,300,000; makers and upholsterers. Capital: £600 tions:— The average weekly debits during each West Lyell . 1,000,000 3,700,000 4,300.000 in £1 shares. Subscribers: N.'P. White Fat Sheep.—One of the smallest yard- m0 nth are as follow: — Lyell-Tharsi's 200,000 201,000 201,000: 400 shares, D. Ashworth 200. iiigs of fat sheep seen for many months 10'"? 19.31 1935. - ■ ■ Lyell — . ■ 1,000,000 Public. was in to-day, the entry not being sufii- £ ' je £ The net cost of producing and realising- Xgahere Gold Dredging, Ltd., Timaru. c ' ent to attract attention of buyers and Uec . . 12,813,000 13,362,000 15,444,000 copper for the-year was £42 14/9 a ton, 1 Capital, £200.500 in 200,000 £1 shares and unchanged prices ruled. Choice heavy 1933. 1930. which compares with £43 1/0 in 1934-35, 10,000 1/ shares. Subscribers: Queensland, e >\ es » ax ' el 'age sorts, 11/ to 13/; £ £ £ -and £53 in 1933-34. J. M. Xewmaii; Sydnev, T. M. Owen, G. others, 20/ to 20/10; medium-sized lambs, Jan . .. h,950,000 11,470,000 13,544,000 ■Renorts from the fertiliser eomoanies in F. Davis, Prospectors, Ltd.: Gore, R. B. r 1/(); smaller ' 10/2 to '- 0/G: 1)est heavy Feb. .. 15,534,000 14,578,000 10,073,000 Keports Horn tile lertiliser companies 1 j. . j> to wn ,T Rvall- Timaru hoggets, 26/4; unfinished, 24,3 to 24/6; March 15.203,000 15,050.000 is.140,000 which the company holds ~ weth 24/ . April . 14,576,000 13,792,000 17,032,000 interests show that sales of fertilisers . ± ana iuinm 0 Tmr-liino-ml viIum mlml May .. 10,710,000 12,804,000 10,320,000 were higher than in the previous year, due ?ncl British Developments Com,, wl iiled . u [ 7:^(m ii t0 50,000 14,039,000 mainly to the more extensive use of fer- P an /? Greymoutli, R. Methven, one share m this bection, yatdng wa j , .. llt 5o 3> 000 12,230,000 14,868,000 tiliseis for too-dressintr pasture areas -? a( ' b , .>', .. . not .outstanding in either numbers Allf; . .. ij,4f i4f 0 0 0 12.149.000 14,184,000 the Afet- : quality, lhe market was not very active.' Sept. . 10,627.000 12,833.000 13,031,000 Commenting on., these ogures tlie Jlci Very* good two-tooth wethers, 27/; Oct. .. 12,105,000 11,930,000 14,783,000 London 8^«troStic pr0 co™i is: BUYING FOR EXPORT. medium grades, 23/1; others, to 23/lOj 12>»ov. .. 11,717,000 13,144,000 *14,002,000 London price ot copper is- good two-tootli ewes, 30/1 to 33/; plain, "For three weeks only. 474q n ton 'or fi/7 hip-Tier than the dcidi/- c'nurn, c- DAietrn 23/; black-faced hoggets," 21/10; mixed-sex. These figures give a fair idea of the f ' tI pnmnanv's last financial PORK SCHEDULE RAISED. hoggets, good, 20/ to 29/0; pwes and volume of business done generally. They average -for the company s last finaiicial . _ . ■ lalnbs . 17/ to 19/0; fattening ewes, 14/ indicate the quieter state of trade during shareholders may look foiward with There is a keen demand for pork and to 15/0. • the winter and early spring, when exports confidence to a larger profit in the current bacon for export at present, and the buy- Store Cattle.—There was quite a slump arc low and interna! trade is quieter, and v v, j -'l -u f- p y ing schedule is . to be raised %d a lb in the demand for run cattle, with; which the greater activity in the summer time higher dividend distributions. for both lightweight grades of pigs this the market was well supplied. Some and the flush of tlio export season. Allowing for the accrued dividend or week. Killing -is proceeding steadily, and good cattle were included, but* more lines General expansion of trade is indicated .1/6, shares at their present price, of is expected to increase in January. were passed in than were sow. Well- in the returns for the current year. The •37/ "on a dividend basis of 2/ a year The Xew Zealand Co-operative Pig grown two-year P.A. steers. £7%14/; good figures for .September are the greatest for ' "return 5.6 per' cent. ; Marketing Association advises an advance yearling P.A. steers, £0 17/(5; large two- that month since 1929. when the average Thg : financial position of the. company of %d a lb on baconers as from Moil- year mixed steers, £8: fair sorts two- u ' as £ I.1,408.000. 1 his, however, was . 'is sound, as the following table of its day. December 1, to be retrospective on 5 * year P.A. heifers. £5 18/: good yearling bolero the exchange rate was raised and accounts for the last three years'shows:— a 'l killings after December 1. Increased P.A. heifers. £5 5/ to £5 14. ti: best year- before the imposition of the sales tax. ' ,„„ rT5 supplies are wanted urgently by the asso- ling Jersey heifers, £5 2/6: medium sorts. n! . measures tended to increase AboLlb. ciation's bacon factories in New Zealand £4 12'0 to .L'.V others £ I 15/ to £3 ''"• l" K 'e ol goods and are iactors m 1934. J935. an d the United Kingdom. 12/0: boner cow's, good,' £5; others, £1 trading f'gnres. Mines - 503.900 553,500 541.100 v Lambs Unchanged. Ji, t- \° „ , , , . , Plant,etc:.. 415,700 410.GOO 422,700 qtj buying schedule for lambs u i Cattle. Kun bred cow beef made CYPH4MRP RATPQ ■ "Railways .. 212.100 213.200 213.200 , +1 , a i.i i tT • • the best sales m the beef pens, with some tAUnrtlMUt nA I Co. A - Shares .... 1,449,900 1,449,900 1,449,900 , r ® ™ 1 „ Irovmce is un- | 10 jf ers a ] so selling well.' The sale, howv .- Stocks;" . ore, . changed. lhe fine weather has ovcr was not a very bright one for any n ,, nT « T inw« debtors, cash 325,400 437,500 560,500 brought on more lambs, and killings are ] lee f. Light prime ox, £9 10/; heavy FOREIGN QUOTATIONS. increasing. The flush w f ill come in Hereford cows £8 15/* medium heavv Total . . 2,967,000 3,070,700 3,187,400 January. pT cows £710/ to £7 12/fi best .Tersev Brltlsh F Irc,ess ' FUNDS USED. Schedule prices for lambs and pigs on £6 ' 10/ . ot { le rs, £4 to £5 10/; good RUGBY, December 12. Liabilities, nooks at freezing works at Southdown for Shorthorn lieifers, £8 10/ to £8 15/' Foreign exchanges on London to-day, cominc. divs. next week s killings are as follows:— medium weights £(5 2/fi tn £fi 17/fi- pared with rates previously quoted:— R .™ ed • 1 wT'ino 1 i 2 ri«"?nn s, Lambs '7o^ P 3 , 61b ' 8%( ' ; , to 421b ' S" £4 io £5 W; vealers, li 15/ to riec. 12. Dec. -n. Par. Reserves • • • ljo7T Ij4u4i50u 1|0»)8|1QQ 8cl,. ovgi* 421b, scconds 7/orl OO o /. i ox ur , . . . < 003 j j Capital .... 1,550,000 1,550,000 1,550,000 Pigs.-Up to 801b, Td; 811b t 0 1001b, £o ' °doh An itW Isol] Total ..2,967,000 3,070,700 3,187,400 wa.' iS}u h f t(> Asfi '' }quu orlnu h Paris, franc .. 105 11-64 124.21 5%ci, 1611b to 1801b, 4%d: 1811b to 2001b, R/IIMIMP MIT\A/C Brussels, belga JO.OOi oj 2%d; over 2001b, 2d; choppers, expor- IVIIIMIIMu Geneva, franc . 21.:i2J "J.'S,, QUEENSLAND INSURANCE. table, 2%d; porkers, unexportable, Id less; Amsterdam, fl. 0.[;04 .).<H baconers, unexportable, over 1201b. %d BEN LEDI'S LOSS. Berlin'" rm! 12.18 12.18 20.'43 DIVIDEND ' AND BONUS. ' ch °PP ers < unexportable, Id per lb. Stockholm, kr.". 19.39} : : The Ben Ledi Sluicing Company, Limited, Copenhagen, lcr. 22.40 22.40 _ . " ' . ,, TFQTIRIR TUr UCDHO made a net loss of. £553 12/8 for the Oslo, kr 10.00 lO-iM) /S.l-jO Particulars of the profits earned and the ICOIIIUU IDC nCnUO. period from the beginning of operations Vienna, sch. .. 2'S.50 _20.o0 .i4.uSu proposed .distribution of dividend and to April 30, 1930. The directors' report Prague, kr. ... 138 19-32 J38.50 1''4.2i bonus by the Queensland Insurance Co. • states that the results of the working of Helsingfors, mk. 220.75 220.75 193.13 have already appeared in these columns. NO THIRD CLASS CERTIFICATES. t! '" J . cl ; l .' n " to , r , (late , ""T, H- 1 '" vpry <lis " ")V u , lrk1, pcs " "' i?o S iinHr ifn'~ ih,L unw jmilalilo 00 appointing. Though indications were en- Lisbon, escu. .. 110 1103-10 110 Balance-bheet items are now aiailable, as couraging in various places, the returns Athens, dr. ... 547.50 547.50 37;> follow: — lhe secretary of the New Zealand Dairv obtained were insufficient to pay expenses, Bucharest, lei . 620 020 81.'!.l> Tear ended September 30. Breeds Federation. Mr. J. P. Kalaugher and an alteration of policy was decided Kio, mil 4.25t 4.25t 5.9d 1935. 1936. has received tho followiiin- f Pn m Wr' upon. The company's funds were exhausted M'video, dol. . 89.S75t 39.875t 51d £ £ W M i Sf.rS a " Ee ,f™™' and New Zealand Mining Investments, Bombay, rupee 18 9-04 IS9-64 18d x-of- 1n - fK-7 109 171 Hfi1M 11"'" ' ' dliector of the Dairy limited, have for some time now found Shanghai, dol. 14 17-.".2 14 17-32 * £et profits 10J.007 108,1 3 110,lo3 Division, Department of Agriculture:— the money to enable operations to be car- Hongkong, dol. 14 15-10 14 15-16 * 5}! 1 • .-A mn finnn n Rnnno r 'f-ctmg upon a request from the New ried on. Yokohama, yen 14 14 21.58 ?,hiW honns - P " ' Zealand Dairy Breeds' Federation, the Batavia, fl. ... 0.87J 0.875 12.10 — — 15 000 (lair - v division has decided ' to eliminate MOONLIGHT GOLDFIELDS. Warsaw, zlotys 20.00 26.08 43.38 T„hfi ® k ' the third class certificate-of-reeord. and Belgrade, din. 213 213 270.31