OVERSEAS MARKETS.

Auckland Star, Volume LXIX, Issue 224, 22 September 1938, Page 8

OVERSEAS MARKETS.

METAL PRICES EASIER. (Received 11 a.m.) LONDON, September 21. Following are to-day's quotations on the London metal market, compared with those of September 20: —

PRICE QF SILVER. (British Official Wireless.) (Received 11 a.m.) RUGBY, September 21. Silver is quoted at 19% d per ounce spo; and 19% d for forward delivery.

8 - THE AUCKLAND STAR, Finance, Commerce, A1ar^efe s^ UTHERN exchan ges active competition r.\j ,/,„ TO-DAY IN CHRISTCHURCH. LONDON WOOL SALES ON 'CHANGE. the latest quotations. , _ VALUES ARE FIRMER. OUTLOOK FOR TRADE. SLOWS C#A,N AGAIN «anic8— ■•«»•«. son.ro. Hank of A'asla _ ..10/15 0 MORE BUSINESS RECORDED. VIEWED WITH MISGIVING. ,..«,__ •■••ininiTclnl 1.-./7 .. 15/11 HARBOUR BOARD LOANS CHEAPER Na.i"na7'of &'*'!. .'I 2/{t% " *'l° /0 (By Telegmph.-Special to "Star.-) (Receive 11.30 ..« ) New B °Si5rh r " , W.l« ~ •• 30/1<>/0 CHRISTCHURCH, this day. LONDON', September 21. Following a busier c*v yesterday the v - ,Sy< i' I 6 * 1 , 20 £ 1 3 /0 •• ~ 0ver twi ce as much business was put i f* t)l(> Lo °« ,on wool sales to-dav 979.: Stock Exchange opened Quietly thk morn- #£ J.* ~'* through on Exchange this morning as at 3d in? ami only a few sales were finalised at INSURANCE— both caIte yesterday. Values in the main There was a moderate selection and om tne first call nn<l these reflects! «W< National 16/0 l"/rt Were firm ' eome industries confirming low Portion was again active. The bulk sold generally weak tone of the market. New Zealand'.'.*""" 2/13/9 '.'. 2/15$ Prices recently ruling, but others, notably iUller" rate "' gfeaSy cr08sbreds favouring 2 -° :: W me T ? B ' makin « "»-t«*U gains. **& grea.sv crossbred, »"••••* nn. » 1 !' Kr v' FINANCIAL T , here was verj ' 1,tfle interest in thd A A.' sold from 9d to lid per lb ! / ,' ' '',?" I"' 1 ,"*""<\ BniikofNew FINANCIAL— early sections. Bank of New Zealands ,'Ahum," 9%d to 9%d; slipe halfbred nanus v, t r hirly steady, with huv-ix i)„ m . invest.. Bank. (down Id) and GoldsbroughMorts (down lambs. '•Canterbury." 10y*d to 13d ImuranI "' L''|.r«V l ' H ; , N™ /'"hi'id ,.A-«d. ..... ..... 17/6 .. _ 3d) recorded the only sales before the .' ';'•"•«■ Stars." 10%d to 13d: "Oakfcigh," 1.in , ,n „ t \i li rr i, • l ."' '""' " • , ' r '"- a"'" ' 1« , " , 1J{ ~ '• 4/8/« .miscellaneous division was reached. ] to 13%il; "Eclipse." 0%d to 12'-id. '" y " «.nun in for South at 4:{/ . •an,,. Am. £2 pad - .. 1/14/0 Australian Glass, at a drop of 2/ to 90/3. , Commenting on the wool sales. Dawson* lUvent, wenkn.vs in local bo Iv debe-i- \.",,", *\,,.-r" (X pref) 1/0/6 " 1 :I <! " 1 ""°»« | it quotations into line with recent Limited, direct attention to the relative tines wis stiikjiuJy exemplified in (he I'm,,,. Aint. (B pref) '.'. l/{>,ti l° wp i* rates, but almost all other indus- of wool from the consequences rasp ill || U . Auckland Harbour Board 4 1 ,i'w Newton King (pref.) — .. lo/O trials improved. '7 the international fiitimtion. but em:>haIII 7'MH. which changed hands att'HK) 1." ' Loan and Mercantile — .. 33/0/01 The New Zealand miscellaneous group ;* ,!5e that the general trade situation must rninparcd with £ 106 in .lulv. just liefoio V -Ak. Farm. (H pref) — ... ion j remained dull. Sellers of Dominion Fei - bo "owed with misgiving. II," I, ,I!'.\,'Rr - s dividend was paid. Allow- |™'!- ,,.VnI.n,'.« ( ?n?/r! ~~ " i %/£ tiliscra were unsupported at 24/ and J'>«■>• add that export* .have been serii"8 for interest adjustments this shows a nuance iprcr) — .. VO/Oj Farmers' Fertilizers had a wide market °"W disturbed and orders lost owing tc drop ol approximately £3 17 0. In V,o\- COAL— between 16/ and 20/.-. war fears, while considerable quantities einnient stocks there was a better demand Grey Valley . — 13/0' fining issues were more active, Gilles- "'J''' 1 ton tracts remain to be worked off. at the low rates recently ruling, but there Ptikemiro ..!!".'.'.'.'." 16/6 "* 18/3 I >ieB Beach and Maori Gullvs having fair .. " n . r 1Isk insurance rates provided adliwere no offers for 53-57 3Vs which wer» Kenown (ord.) '.'. 9/3 turnover. tionaI encumbrance to traders. No definite avail,hi,, at £04 Itenown (pref.) 2/3 .. 2/91 Australian metal shares gained ground, trend is apparent, but day to day flucAustralian industrials looked a little Tauoir! Vn'ref)' l3?/2 " lfl/3 Juyers finished at 29'10 for Broken Hi'l tuations must be-expected. easier. Westport *::..'.'.'.'.'.'. — " V5/3 So "ths. 27/2 for LyelU and 46/ for North Improvement at Noon. Westport, ""Stockton " ' ° Br ° , '" , n Hills. ««,».-—. -.-« H.ddiiH improved it the noon . -.11 \u« (orJ -> */° •■ 4 /» PRIVATE CABLES. tr P , ,, V r ; Westport Stockton pf «/0 .. 7-tt Ml,,,,, in.nstiials showing a slight _.__/ V SALES REPORTED. t,, , „ . ~ , mixance. ivlnle banks and Govern,no,it ••*■— 1 ne following cable dated London. stocks wen- f|noted tinner. Auckland (paid) 19/6 .. l/0/o September 20, wasdeceived by the Bank of A sharp use m !■ lectrolytic Zincs war.- Auckland (cont.) .... — .. 14/9 ( B y TeleeraDh —Press Association Australasia from Messrs. Balme and (he man, feature, the preference shares Napier — .. 4/7/6 t»y leiegrapn. Press Association.) Thomas tcwlay:—"London colonial woo! moving up 2/ to a sale at £2 ,V. with Wellington — .. 1/14/6 CHRISTCHURCH sa,eti al1 New ijealaml cross'oreds unchangetl chiving, quotations firm on that ferine SHIPPING— ' ' compared with closing rates of last series: Broken Hill Proprietary were active, the , Wednesday.—Broken Hill Proprietary, competition keen for home trade and sal,, price being above that indicated b> Xort'h''"steanTT aid) — " ~4/o V'l't H '""' > * ' Tar " nakl OI1, morning quotations, though a shade below .Northern Steam (con) — '.'. 1/0 "Tliis Day.—Bank of New Zealand, £'J Th<? following is a copy of a cable jesterilny s rate. 1,'nloii Steam (pref.) . — .. 1/6/3 2/; Goldsbrough Mort. £ 1 «i/8; Australian received by the New Zealand Loan and In the mimntr Barrier shares showed a _.,_-__ (Mass. £4 10/3: Broken Hill Pniprietary, Mercantile Agency Company from London marked improvement and Mount Morgan T,I "" E " t- 1.V9 (2) : Electrolytic Zinc (pref.i. under date September 20 1938— "Fifth preferences had their firsfc local aala it Bartholomew — .. 18/0 £2 4/9 (31: O. J. Coles. £ 3 17/2; Turn- Pa nnonal »»T. v- ' rntn r no K " lr ' Timber ...." 1/2/0 " 1/3/0 n»kl Oilfields. 12/4: Giilesple-s Beach. "*££? opeiied to-day. Keen general comn , . v -7 i j v j v .. Inland. O'Brien .... — .. 18/0 "1<>: Maori Cully, tid (2): Broken Hill Petition Continent and Yorkshire chief tiank of New Zealands had better National 8/O .. — South. £1 9/11 (2); Mount Lyell. £1 buyers. Merino greasy in buyers' favour, liuven-t nt £2 2/2. with sellers 6d higher. Uotoitl 3/4 .. 4/3 7/2 (2): North Broken Hin (cum div.). Merino scoureff par to Vid iower. crossnnd offers for Nationals were raised to £2 Tinipo, Totara (ord.) 4/9 .. — £2 6/ (2). bred grcasv in sellers' favour- otherwise 12/ without attracting n selling quotation. Taupo. Totara (pref.) — .. 18/0 WELLINGTON. unchanged?' Holiday an Mnnrfnv luriugamutu - .. 13/0I Wcdnesday.-Rtock, 15/2/43-46. 4 per nouoay on monaay. WOOLLBN Jeenf. £100; Amalgamated Brick (AuckThe Exchange will observe next Mon- Kalanoi maim — »n/o ,,a " ,1>> t/*/ 44 . ° l ,er cent . £»7; Commer- FIRM IN SYDNEY day, Dominion Day. as a holiday. Ku do icon11 — *" 2/o ? 1 * 1 Bank of ' AUstrnlta (pref.). £9 6/6: m 8T "" tTl .».. ZL«»- BIWWWW.-. . | £ Th-i 8 0, Day;_Mor««ng call: 3* per cent ._. SYDNEY September 21. ■AXJSS OOMFUBTKD. r , ,„„„. , ' ■ Stock. 1939-43. t98 7'fi (2>. Snl-s At the wool sales to-day, 11.261 hales . m :: - wr% : $^ n r„ri^rfva? e t. 10 ' 514wcreso,d ' inc!ud - AT THB .1. PM. CALL YttT«Oar- KS|5!w»« " = k T 'VT t*>? e , *r-r xtttss™ *M :.- 270/0 i5/o: K ..._, -r, mT ,„ 19* 1*3 NlltCILLANEOOn— e^f,s , r »",tvi** of wool. There was a SSJIST..: 4 1? Si: I ill SStSSTSZ .. Vl .. W mm*. w*k demand for the better classes of the Horn. Breweries 1 10 0 .. 1 10 9 Aust. Glass 4/9/0 .. 4/11/3 Wednesday.—Bank of New Zealand. £2 ru °J ,c - Burns, Phllp ... 2 10 0 .. — Aust. Iron, 8teel (prf) — 1/7/6 2/ (2); New Zealand Breweries. £2. Greasy Merino sold up to 18d per lb. Dtinlop Perdrlau 10 6.. 109 Berlel (N.Z.i 8/1/6 "*. 3/12/6 This Oay.—North Broken Hill, £26/. \f cKenales 3 00.. 3 50 British Tob.ieco .... 2/6/0 .. — Woolworth (8yii) 10 8.. 162 Broken Hill Pty .... 2/15/6 .. 2/16/0 OVERSEAS MARKETS Wuolworth Hold- Broken mil Pty, con l/17/O .. 1/18/3 «..^_-- 1 .... r««....mr« UVCnOEMd IVIHnMIId. v broken Hin' 2 *t *o " 2 *5 I %L n h %£* x v v' - ~ AUSTRALIAN EXCHANGES. a.' u HumW' 2 • O .. 2 4 9 Claude Neon (N.Z.) .. — .. 1/6/0 METAL pmnre pacicr Stock. 15/8/32-55 Colonial Sugar 46/5/0 .. 46/10/0, METAL PRICES EASIER. 4 i>c 100 0 0 ..100 0 0 Consol. Brick 6/9 .. 7/91 S ™/o , 1 Ml > reh ' „ » , . Dom - Fertiliser — .. 1/6/0 TO-DAY IN SYDNEY. (Received 11 a.m.) 30-43 ,%\ p.c. . 08 7 6 .. 98 7 6 Dunlop. Perdrian .... — .. 1/0/9 ir.vnr.vr a < u o, Stock, Nov., 88- Elect. Zinc 1/19/6 .. 2/0/3 — LONDON, September 21. 52 - 3 * P- c 10 ° 0 0 .. 100 0 0 Elect. Zinc (pref.) ... 2/4/6 .. — _ (Received 1 p.m.) Following are to-day's quotations on the AT THI 10 AM CALL TA.B1V w*"" 1 ' J' ra i" ,I '"U •• 19/ ® Svn\FV *bi« a»v London metal market, compared with AT THI IO A.M. GALL TO-DAY— Farm Trad. (B pref) l/l/O .. — m S\£)NLY, this day. thoge of September 20 .J_ N.Z. Insurance. 2 14 6 «. 2 IS 0 o 1 rvSL »/m/o " */T-/5 This mornings sales include:— Sent 20 Sent 21 (WW iSn? Orey and Menalea .. 12/0 .. — £ s. d. Per ton. Perton. folly nald) 1 • O — I-CI. (pref.) 1/1/6 .. 1/1/0 Bank of New South Wales 30 2 6 £ s. d. £ s . d. fr»\~: too i5o ..108 00 1m :; I J « 5 :.»?, j» « j jCALL TO-D*y_ a "uff? d * •"** " - " " " }«g ™ • « 49 'C 0 Btok«n Hill Pty. 2 15 6 ., 2 15 lO *Wi«."nrd Z l/O/O Copper, elee. wire Broken hill Pty, 3 1.T 8 ..' 2U>%:■• vokSSEuS 5 " - YESTERDAY'S BUSINESS. bars 49 o 0 49 o o Kfaet.Bffk.fMfj 2 5 0 .. 23 0 McKeSSK ' * 2/18/A ' T ¥/Y£ ' I»ad. soft, spot . . 16 0 7J 1,1 18 1J ML Korgan W: 1 0 9 ., — " f/i/S Lead, soft, forward 16 2 UJ 16 o 7J *,* ,.,/-, ... t ,, . M S^|Sf»Cho y c; "^ f * Va/ ° : SYDNEY. September 21. »% ?R«.rf-'. ?«,?".»« ,x ,5» - 4.QWfcnt> fltMWAtlOMt - i- ,., ( . 15 iSf ** &~ - Pending an improvement in the I'.uro- Tin. stan., spot .. litr. 17 r, l<ir, 7 (i ,'::w.^.w.-r:^-f!^ W ...-flfc M"pf.' •■«., .Caoyco JsJK§» T" *ea9 situation, investors are pui-aaing a Tin. stan., 3 mos. . 196 12 6 196 2 6 — « on the Sydney *'>-. tine oa. .. MJJ ,9M c_.-._ Mort. 1«S 7 i«>/ft Eschabffe. The trend of to-days prices »'«^ Pr - lan . oz - • ■«"*" -<»«a