CHRISTCHURCH STOCK EXCHANGE

Press, Volume LXIX, Issue 21033, 8 December 1933, Page 13

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY'S TRANSACTIONS The outstanding feature on call yesterday was the activity in Dominion Fertiliser shares at advanced prices. Markets on the whole were firm, but quiet, with the bulk of the dealings in gold mining shares. Transactions, exclusive of vestibule business, were:— Sales on 'Change.

Napier Borough Council 5J per centi debentures due February 2, 1945, and Napier Harbour Board 5% per cent., due January 1, 1964, changed hands at £95. English, Scottish, and Australian Bank shares were firm at £5 12s 6d, sellers staying in at that price, buyers at £5 lis. Commercial Bank of Australia were firmer on buyers' offers 17s 2d. Bank of New South Wales were easier with dealings at £32 ss, £32 2s 6d, and £32 7s 6d, market closing £32 buyers, £32 15s sellers. Goldsbrough, Morts advanced to 31s lOd buyers, 32s Id sellers. New Zealand Refrigerating fully paid had dealings at 20s Id and 20s, and there were further sellers at 20s Id, buyers at 19s 7d. Carlton Brewery shares were firm with buyers and business at 42s 9d, sellers at 435. Miscellaneous. Anthony Hordern ordinary were fractionally firmer at 13s 6d, market closing Id either way. Broken Hill Proprietary moved up to 39s 9d, buyers staying in at that figure, sellers at 40s. Dominion Fertilisers rose sharply to dealings at prices ranging from 18s to 18s 3d, market closing 18s buyers, 18s Id sellers. Dunlop Rubbers were firmer on buyers' offers l'9s 6d. Henry Jones realised 33s 3d, sellers staying in at that figure, buyers at 335. Buyers of New Zealand Drugs advanced their offers to 73s Cd, sellers at 755. Aotcaroa Gold Mining shares cum dividend had dealings at Is 3Jd and Is 4d, market closing at Is 3Jd buyers, Is 4Jd sellers. Charleston Sluicing changed hands aft Is 5d and Is 6d, and closed firm. Bell Kilgours were fractionally weaker with buyers and business at Is, sellers at Is OJd. Nokomais eased to 2s Bd, closing quotations Id on either side. Maerewhenua Is paid were a shade easier at lOd. Waitahus dropped to 5s 4d and 5s 3d, and there were further sellers at 5s 3}d. Wetherstones were easier with business at 3s sd, sellers at 3s 4d.

Unlisted Stocks. Investment Executive Trust B debentures first issue were firm at £99 12s 6d. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

Stocks and Shares for Sale. Banks. £ s. d. PERRY & NUNES 281 High street, Christchurch. 'Phone 36-193. P.O. Box 778. Telegraphic Address: PERNUI. BROKERAGE RATES: d. . J .. 1% Same Listed or Unlisted Stocks. Government or Local Body Stocks j%. Service, Efficiency, and Integrity. P6776 A shilling advertisement in the classified section of the "The Press" will sell your goods. Try it. 12 words Is, three insertions 2s 6d.—-6 Up to 1/1/- to 2/2/- to 5/5/- to 7/6 7/6 to 15/Over 15/-

MONTHLY REVIEW BUSINESS STATISTICS MORE HOPEFUL INDICATIONS Generally speaking, states the November review of business statistics, business indexes for October were at about the same level as in the same month of last year; but indications for the coming production season contained in statistical data now becoming available are, in general, more hopeful than was the case at this time last year. For some months past a considerable improvement in the wool situation has been evident; and the results of the Auckland wool sales indicate that New Zealand crossbred wools will participate fully in the substantial advance in wool prices. The decrease in sheep flocks in the main wool-pro-ducing countries caused by the longcontinued low prices for wool is anticipated to result in a considerable fall in world production of wool during this season. Wool-production in New Zealand during the 1933-34 season is estimated at 260 million pounds in the grease, a decrease of approximately 10 per cent., as compared with the season just past. The percentage fall is, however, less than is disclosed by preliminary estimates for Australia and South Africa, drought conditions affecting the outlook in South Africa, and, to a certain extent, in Australia also. Stocks of greasy wool in New Zealand on October 31 are estimated at 40J million pounds, as compared with 68 million pounds on the corresponding date last year. Decreases in stocks of wool as compared with last year are reported also from all other main woolproducing and selling centres, greatly increased activity in the woollen and worsted manufacturing trades in recent months having reduced stocks on hand considerably. The realisation of considerably enhanced prices for the current season's clip appears assured. Prices realised for fat lambs at sales throughout New Zealand during October showed a marked increase when compared with prices at sales during the same month of last year, extra prime lambs selling at from 24s to 255. as compared with from 13s to 18s last October. The meat market in London late in October and early in November was quiet, supplies of home-killed lamb being still available, and buyers operating from hand to mouth pending the arrival of the new season's shipments. Dairy Production. Favourable weather conditions promoted a good spring growth of pastures in most dairying districts, gradings of butter and cheese during September and October showing a marked advance on the figures for the corresponding months of last year. Butter prices on the London market are somewhat easier than was the case three or four weeks ago. It is noteworthy that, while exports of butter from New Zealand during the last three months were 82,544cwt., or 18 per cent., in excess of export's during the corresponding period last year, Australian exports during July-Sep-tember were 146,900cwt., or 44 per cent., lower than during the same period last year. The volume of internal trade in New Zealand appears to be responding to the stimulus of improved prospects for the incoming production season. The amount of sales tax collected during October is considerably in excess of that recorded in any other recent month, indicating an increased volume of wholesale trading. The operating revenue of railways for the period ended October 14 was in excess of operating expenditure during that period—an unusual occurrence during that relatively slack period of the year. The tonnage of cargo carried by coastal shipping in October was, however, lower than in September. The value of bank debits placed to individual customer's accounts shows an increase over the September figure, indicating increased monetary turnover. The ratio of free to fixed deposits is still, however, abnormally low, no improvement being evident as yet in this measure of the flow of capital to industrial enterprise. Mortgages registered during October showed a slight increase, both in number and in value, as compared with September; while land transfers indicated a small increase in transfers of both town and country properties. Exports during the month of October exceeded imports by £107,000 in sterling, or £134,000 in New Zealand currency. For the expired 10 months of the calendar year 1933 exports of merchandise exceeded commodity imports by £12,700,000 in New Zealand currency, or by £10,000,000 in sterling. Overseas Trade. Exports during October (excluding specie) were valued at £2,378,855 in New Zealand currency, a decrease of £22,323 as compared with last October. Quantities of wool and frozen meat exported during October, 1933, were less than was the case in that month last year, while the value of butter exported was slightly less, lower prices counteracting a slight increase in quantity exported as compared with October, 1932. For the cumulative period of 10 months ended October 31, exports of merchandise totalled £33,921,616 in New Zealand cui-rency, slightly over £4,000,000 in excess of the total for the same period last year. The recorded value of imports of merchandise during October was £1,854,223, equivalent to £1,796,000 in sterling or £2,245,000 in New Zealand currency. This figure represents a slight) decrease as compared with the September figure. For the cumulative period of 10 months ended October 31 imports were valued at £17,440,158, a decrease of £1,464,613 as compared with the valuation of imports during the corresponding period last year. JAPANESE TRADE REMARKABLE EXPANSION DISASTROUS EFFECTS OF DUMPING (PROM OUR OWN COHKESI>OKDENT.) LONDON, October 27. The Tokyo correspondent of the "Morning Post" sends details of the remarkable expansion of Japan's foreign trade which was well maintained last year. Figures for the first nine months of the year show that there was a gain of more than one million yen (£IOO,OOO at par) in September alone, when the excess of exports reached well over 46 million yen (£4,600,000), nearly 40 million (£4,000,000) more than for the same month of last year. But for the whole nine months of this year the unfavourable trade balance amounted to only 69,857,000 yen (£6,985,700), a striking contrast to the 115,842,000 yen (£11,584,200), unfavourable balance for the same period of last year. Exports for the first nine months of this year totalled 1,354,066,000 yen in value, against 937,965,000 yen for the year before; while-? imports totalled 1,423,923,000 yen 'in value, against 1,053,807,000 yen for the same term of last year. The decline in the unfavourable balance of trade during the first nine months of this year is owing mainly to a heavier export trade. The principal items of export lor the ■afas mooting, sduoh showed expan-

sion, are cotton piece goods valued at 280,506,000 yen (88,797,000 yen increase); raw silk, 301,965,000 yen (55,689,000 yen increase); rayon textiles, 52,328,000 yen (10,040,000 yen increase); silk fabrics, 47,002,000 yen (10,369,000 yen increase); tinned provisions, 37,274,000 yen, an increase of 20,274,000 yen; hosiery, 29,720,000 yen, an increase of 12,079,000 yen; wheat flour, 27,010,000 yen, an increase of 14,156,000 yen. The total gain in trade for the nine months was more than 516,000,000 yen (£41,600,000). Gains were registered in almost all the leading import commodities, but chiefly in raw cotton, iron, and wool, with machinery and certain foods. Many increases in imports are due to extraordinary outlay on materials useful in preparation for military emergency. Effect on British Trade. The effect of Japanese competition on British trade is clearly shown in a letter to the "Morning Post" from Mr Herbert Whitworth, managing director of Messrs Herbert Whitworth, Limited, Manchester. "The Japanese onslaught continues at a formidable pace," he writes. "It is not enough that the markets of the British Empire should be thrown wide open to Japanese industry, but they are also allowed to wreck the home market and seriously reduce the number of remaining active mills and workers employed. In every big city, London, Glasgow, Manchester, Birmingham, Leeds, Liverpool, etc., there are numbers of factories employing many thousands of hands in the mak-ing-up of shirts, overalls, and garments of all kinds from British-made cloth. "These important centres are now being literally flooded with Japanese ready-mads goods at slaughter prices. Consequently, our own making-up factories are threatened with closure and their workers with loss of employment Likewise spinners, weavers, dyers, finishers, and a host of other indirect trades are all disastrously hit by this latest avalanche. The following is a specimen of the Japanese prices, duty, and all charges paid, to warehouse over here:— "Men's shirts, woven Oxfords, at 15s 6d a dozen. "Khaki drill shirts, with 9in zipp fasteners and collars, at 20s 9d a dozen. "Boys' khaki shirts, with two flap pockets and collars, at 14s 6d a dozen. "The cost of making-up into shirts in Japan is Is 9d to 2s 6d a dozen maximum, against 6s to 8s in Britain. How can factory employees be kept off the dole if these goods are allowed in? "Never has a more pressing need for prompt and decisive action presented itself. British industry must have adequate protection at home and in the Empire from the ravages of this unfair Japanese dumping. We have a right to live by our labour, and it is the Government's duty to preserve British markets for British trade, otherwise we starve." In 1931 there died in New York Miss Ella Wendel, the eccentric millionairess who left her dog Toby the sole beneficiary of a fortune of £15,000,000. Toby was recently painlessly destroyed by the order of the executors, on account of senile decay. During Miss Wendel's lifetime the dog had immense sums spent on him. He lived in a room of his own, and had silk cushions and priceless linen to lie on. Miss Wendel took Toby his breakfast every morning and a butler was specially employed to wait on him. When his mistress died, the dog wandered inconsolably through the empty rooms searching for her, and he discovered other changes as well, for he was made to sleep in a basket in the kitchen and was given food just as if he were an ordinary dog. Since Miss Wendel's death, many claimants to the vast estate have cams .forward.

£ s. d. 20 E., S., and A. Bank .. 5 12 6 5 Bank of N.S.W. 32 2 6 200 N.Z. Refrig. (£1 pd.) 1 0 1 1 0 0 50 Carlton Brewery 2 2 9 100 Anthony Hordern 0 13 6 1400 Dominion Fertilizer (2) 0 18 0 (3) 0 18 1 0 18 2 12) 0 18 3 0 18 2 0 18 1 <3) 0 18 0 1180 Aotearoa (.cum div.) 0 1 3£ (2) 0 1 4 1000 Bell Kilgour (2) 0 1 0 400 C l'.ar lest on Sluicing 0 1 5 0 1 6 500 Nokomai .. (4) 0 2 8 1000 Maerewhenua (lspd.) 0 0 10 100 Waitahu 0 5 4 0 5 3 100 Wetherstones 0 3 5 Sales Reported. £ s. d. £300 Napier Harbour Bd. 5J p.c., 1/1/64 95 0 0 £200 Napier Boro. Council 5} p.c., 1/2/45 95 0 0 14 Bank of New South Wales 32 5 0 32 7 6 100 Broken Hill Propty. 1 19 9 100 Henry Jones Co-op. 1 13 3

N.Z. Govt. Debentures. p.c. Ins., 1938-43 100 0 0 4 p.c. Ins., 1940 .. 102 5 0 103 0 0 4 p.c. Ins., 1946 .. 101 15 0 102 0 0 4 p.c. Ins., 1949 .. 100 17 6 — 4 p.c. Ins., 1955, and Bonds, 1955 102 0 0 — 4 p.c. Bonds, 1940 102 5 0 — 4 p.c. Bonds, 1946 101 10 0 __ Other Debentures. Sluggish River, 5i p.c-;, 1/7/44 — 101 10 0 Cook County, 5i p.c., 1/3/53 ■— 100 0 0 N.Z. Refrig., 6J p.c., 1935 101 10 0 103 0 0 Banks. Adelaide 5 17 0 — Australasia 11 10 0 12 10 0 Comm. of Aust. .. 0 17 2 0 17 5 Comm. of Aust. (pref.) 8 16 0 — Comm. of Sydney 17 6 0 17 12 6 E., S., and A. .. 5 11 0 5 12 6 Nat. of Aus'asia (£10 paid) 13 6 6 13 9 0 Natl, of New Zealand (cum div.) 4 1 0 4 3 0 New South Wales 32 0 Q 32 15 0 New Zealand (cum div.) 2 8 0 2 8 3 Union of Aust. .. 9 14 0 9 19 0 Insurance. National 0 19 0 0 19 3 New Zealand 2 16 0 2 18 0 South British 3 16 6 3 18 0 Standard 3 0 0 — United — 9 12 6 IiOan and Agency. Goldsbrough, Mort 1 11 10 1 12 1 National Mort. (A) 3 1 0 3 7 0 United Bldg. Soc'y 0 17 9 0 18 3 Shipping. Huddart-Parker .. 1 11 6 — P. and O. Def. Slock 1 0 0 1 4 0 Frozen Meat. Canterbury (cum div.) 10 10 0 10 15 0 Canterbury (pref., 0 cum div.) 5 12 6 6 5 Gear 1 12 6 — N.Z. Refrig. (£1 paid) 0 19 7 1 0 1 N.Z. Refrig. (10s paid) 0 9 6 0 9 9 North Canterbury 0 16 Freezing 0 12 0 2 Woollens. Kaiapoi (17s paid) 0 7 9 0 8 1 Kaiapoi (7s paid) 0 1 4 0 18 Kaiapoi (pref.) .. 0 16 0 0 Mosgiel 9 0 0 — Coal. Grey Valley — 9 0 14 0 Westport 0 13 0 14 0 Stockton (ord.) .. 0 0 7 0 0 9 Stockton (pref.) .. 0 2 0 0 3 6 Gas. Christchurch 1 8 0 — Cliristchurch (10s paid) 0 13 6 0 14 0 Auckland 1 3 0 — Breweries. Carlton 2 2 9 2 3 0 New Zealand (ex 1 16 div.) 1 15 10 4 Timaru (7s 6d pd.) 0 4 11 0 5 1 Tooths 2 1 0 2 2 3 Miscellaneous. Australasian Paper 0 and Pulp 1 12 6 1 14 Amalg. Wireless (contr.) 1 0 9 — Anthony Hordern 0 13 3 0 13 7 Australian Glass .. 2 6 6 2 8 0 Beath and Co. 1 8 9 1 10 0 Beath and Co. (Is paid) 0 6 4 0 7 0

Beath and Co. (pf.) British Tobacco (cum div.) Broken Hill Prty. Dominion Fertiliser Donaghy Rope & Twine Dunlop Rubber .. Elec. Zinc, (ord.) Elect. Zinc (pf.) Henry Jones Co-op. N.Z. Drug Co. .. N.Z. Farmers' Coop. (1st pref.) .. N.Z. Farmers' Coop. (B pref.) .. N.Z. Farmers' Coop. (4J p.c. stk, 1940) N.Z. Farmers' Coop. (4£ p.c. stk. 1945) N.Z. Farmers' Fertiliser Wilsons Cement .. Whitcombe and Tombs Woolworths (N.Z.) (pf., cum div.) .. Woolworths (N.Z.) (ord., cum div.) Buyers. £ s. d. 13 0 1 17 0 1 19 9 0 13 0 2 5 0 0 19 6 15 7 1 13 0 1 13 0 3 13 6 17 0 66 0 0 65 2 6 0 17 4 1 5 1 3 8 6 1 15 0 5 5 0 Sellers. £ s. d. 15 0 1 17 5 2 0 0 0 18 1 2 8 0 0 19 9 16 0 1 13 7 1 13 3 3 15 0 10 0 68 0 0 3 11 0 5 10 0 Mining-. Addison's Flat (Is paid) .. 0 2 6 Alexander Mines — Alexander Mines (13s 6d paid) .. 0 15 0 Aotearoa (cum div.) .. 0 1 Bell Hill 0 19 Bell Hooper (9d paid) .. 0 0 10 Bell Hooper (Is paid) .. 0 0 10 Bell Kilgour .. 0 10 Bendigo Goldlights 0 O 3j Big River .. — Blackwater (cum div.) .. 1 10 0 Central Shotover (9d paid) .. 0 0 8 Charleston Sluic. 0 1 5j Freshford 0 0 2 Gillespie's Beach 0 19 Golconda (8d pd.) — Golden Dawn .. 0 10 Golden Point .. 0 0 2£ Golden Sand3 .. 0 2 9 Kildare .. — King Solomon .. 0 3 0 Lawson's Flat .. 0 0 4J Mahakipawa .. 0 0 1 Mahakipawa (pf.) 0 0 1 Mining House Cone. (6d paid) 0 0 3j Nevis Diesel Electric 0 10 New Cornish Point (Is paid) 0 0 11 New Cornish Point (6d paid) 0 0 6' Nokomai .. 0 2 7 Okarito 0 9 0 Maerewhenua (Is paid) .. 0 0 10 Oxenbridge Shotover (9d paid) — Waihi .. 1 6 10 Waihi Grand Junction .. 0 4 3 Waitahu ,. 0 5 24 Wetherstones . . 0 3 0 0 3 6 0 19 6 0 15 9 0 1 44 0 2 9 0 0 11 0 10 0 1 0| 0 0 5 0 1 1 1 15 0 0 13 0 1 6£ 0 0 4 0 1 10 0 0 10i 0 2 0 0 0 3 0 3 3 0 2 0 0 3 0J 0 0 6 0 o 14 0 0 5 0 1 1 0 1 0 0 0 6J 0 2 9 0 9 8 0 0 104 0 0 9 1 7 0 0 4 5 0 5 34 0 3 4" UNLISTED STOCKS All transactions in stocks quoted in this section are subject to a different rate of brokerage from listed stocks, and are not quoted on the official list. Buyers. Sellers. £ s. d. £ s. d. Andersons, Ltd. (pref.) .. 0 16 0 0 18 9 Brian Boru .. 15 0 16 6 Claude Neon Lights .. 2 4 0 — Coulls, Somerville, Wilkie — 0 16 3 Glenroy Gold (6d paid) .. 0 0 5J 0 0 7 Goldflelds Dredg. (Is paid) 0 0 6 0 0 8 Industries, Ltd. (12s 6d paid) .. — 0 12 0 Investment Executive Trust. "B" debs., 1st issue .. 99 2 6 99 15 0 Investment Executive Trust, "B" debs, 2nd issue .. 70 0 0 — Peters Ice Cream (£1 paid) .. 0 15 0 — N.Z. Underwriting and Develop*! (5s paid) — 0 10 New Gabriels Gully (6d paid) — 0 0 3 National Tobacco (cum div.) 3 7 0 — N.Z. Mining Investment 0 0 10 0 1 0 N.Z. Perpetual Forests — 3 0 0 E. Reece, Ltd. (pref.) — 0 2 0 Para Rubber (15s paid) 0 11 0 0 16 0 Procera Bread (10s paid) — 10 0 Sandhills Gold (6d paid) .. — 0 0 7! Skippers, Ltd. (6d paid) .. (1 0 11 0 0 2i Smith, Wyllie .. 0 10 10 0 13 9 Snowy River .. 0 0 2| O 0 Stacey & Hawker (pref.) — 10 6 Sun Newspapers 0 3 6 0 3 10 Temuka Flour .. 0 17 0 — Tru-Color Films (£1 paid) 1 15 0 3 5 0 Were's Investment Trust .. 0 4 3 0 4 8 Woolworths (Victoria), pref. .. 15 0 15 9 Worksop Extended (4|d paid) .. 0 0 4 0 0 6 Sales. £200 Investment Executive Trust, B debs., 1st issue £ s. 99 12 d. 6

AUCKLAND Sales on 'Change. £ s. d. Ins. Stock, 1940, 4 p.c. 102 0 0 Ins. Stock, 1946, 4 p.c. (2) 101 15 0 Ins. Stock, 1949, 4 p.c. 101 0 0 Ins. Stock, 1955, 4 p.c. 102 0 0 Wright, Stephenson Perpetual, 5 p.c. 85 0 0 Bank of New Zealand (3) 2 8 3 Queensland Insurance 3 2 6 South British Insur. (2) 3 17 0 Farm Co-op., Auc. A (pf.) 1 0 6 Goldsbrough, Mort 1 11 8 1 11 9 Auckland Gas 1 3 9 Auckland Gas (con.) 0 17 6 Gear Meat 1 13 0 New Zealand Drug 3 13 6 Gillespie's Beach 0 1 104 King Solomon 0 3 1 Waihi 1 6 11 Waihi Junction 0 4 3 Talisman Dubbo 0 5 0 Broken Hill Pty. 2 0 0 Mount Lyell (2) 1 2 7 Unofficial List. Invest. Exec. Trust B 100 0 0 WELLINGTON Sales on 'Change. £ s. d. Bank of New Zealand (late Wednesday) .. 2 8 1 (2t 2 8 2 Union Bank 9 15 0 Auckland Gas (contr.) (late Wednesday) . 0 17 6 Wellington Gas (late Wednesday) 1 14 0 Gear Meat 1 13 0 Colonial Sugar 61 15 0 Bell Hooper 0 0 11 Gillespie's Beach 0 1 9* DUNEDIN Sales on 'Change. £ s. d. Bell Hooper 0 0 104 Waitahu 0 5 4 Bell Kilgour 0 1 0 Sales Reported. Bell Kilgour 0 1 0 Bell Hooper 0 0 10J

SYDNEY On the Sydney Stock Exchange yesterday business was brisk and an allround improvement was noted. Morning Sales. d. Commonwealth 4 p.c. Bonds— S 1938 .. .. 105 0 0 1944 .. .. 104 15 0 1953 .. .. 105 17 6 1955 .. .. 106 0 0 1957 .. .. 104 16 3 „ 1 96 1 .. 105 10 0 Bank of New South Wales 32 0 0 Associated Newspapers .. 10 44 Associated Newspapers (pf.) 1 0 3" Broken Hill Pty. .. 2 0 9 Fairmead Sugar .. in 6 Afternoon Sales. Commonwealth Bonds— 3J p.c., 1942 .. 104 0 0 4 p.c., 1938 .. .. 105 5 0 4 p.c., 1941 .. .. 103 17 6 4 p.c., 1944 ., ,, 104 12 6 4 p.c., 1947 .. .. 104 15 0 4 p.c., 1950 .. .. 105 15 0 4 p.c., 1953 .. .. 106 0 0 4 p.c., 1955 .. .. 106 2 6 4 p.c., 1957 .. ,. 104 17 6 4 p.c., 1959 .. .. 105 5 0 4 p.c., 1961 .. .. 105 12 6 Bank of New South Wales 32 0 0 Commercial Banking Co., of Sydney .. .. 0 17 8 Tooth's Brewery .. 2 2 6 Colonial Sugar .. 62 7 6 62 10 0 Broken Hill Pty. .. 2 0 9 Wilcox Mofflin .. .. 0 11 2 Dunlop Perdriau .. 1 15 0 British Tobacco .. .. 1 17 6 Goldsbrough, Mori. .. l 12 n New Guinea Gold .. 0 6 6 Bulolo Deposits .. 0 2 2 MELBOURNE £ s. d. Commonwealth Bonds 4 p.c.— 1941 .. .. 103 15 0 1944 .. ..104 15 0 1955 .. .. 105 12 6 105 15 0 1953 .. .. 105 15 0 WAR LOAN STOCK (BRITISH OKIC1A.L WIRELESS) RUGBY, December S. British 3* per cent. War Loan stock is quoted as follows:— £ s. d. December 6 .. 100 7 6 December 5 .. 100 3 9 December 4 .. 100 2 6 December 1 .. 100 3 9 November 29 .. 100 3 9

FOREIGN EXCHANGES (BRITISH OFZICIAL WIBELESS.) HUGBY, December 6. Par. Dec. 5. Dec. 6. Paris, it. to £1 124.21 83 19-32 S3 9-3a New York, dol. to £1 4.866 5. J 4i 5.121 Montreal, dol. to £1 4.86G 5.07 5.05 j Brussels, belgas to £1 35 23.52 i 23.47 Geneva, fr. to £1 25.2215 16.89 16.82 Amsterdam, fl. to £1 12.107 8.13 8.10 Milan, lire to £1 92.46 62 1-1G 61 13-1* Berlin, reichniarken to £1 20.43 J 3.70 33.65i Stockholm, kr. to £1 18.159 19.39J 19.39J Copenhagen, kr. to £1 18.159 22.40 22.40 Oslo, kr, to £1 18.159 19.90 19.90 Vienna, sohgs. to £1 34.585 30 :;i) Prague, kr. to £1 165.25 110i 109 J Helsingloi's, marks to £1 193.23 226i 226J Madrid, pesetas to £1 25.2215 40 3-32 39 15-10 Lisbon, escudos to £1 110 110 110 Athens, drach to £t 375 585 565 Bucharest, lei to £1 818.6 552J 550 Belgrade dinars 25.2315 243 213 Bio de Janeiro, pence to milreis 4.S92 4 1-15 44 Buenos Aires, (official) (official) pence to dol. 85.577 351 35| Montevideo, (official) (official) pence to dol. 51 35 35i Bombay, pence (official) (official) to rupee 19 18 1-64 18 1-32 Shanghai, pence to dol. * 15 9-16 15 11-16 Hong Kong, pence to dol. • 37 3-16 17 3-16 Yokohama, pence to yen 24.57 3 4 15-32 14 19,3a Warsaw, par zlotys to £1 43.36 Batavia, guilder 12.107 — ■ ,8.17 by price of i silver.