FIANCE AND COMMERCE

Press, Volume LXXII, Issue 21685, 20 January 1936, Page 13

FIANCE AND COMMERCE

|||BIG DREDGING I•' ; p'^HEME I COMPANY'S I •*' PROJECT I ;-?• - ■ l-aC;/'' ■ ' FOR SUPPLY OP electric power P: <;: -• . I t' 5 ." r --Ti | £>;" , [From Our Own Reporter.! I HOKITIKA, January 18. - At a:cost of more than £200,000, one eLthe largest gold mining dredges in toe-iiritisn Empire will, be established ntarßOKitiita soon, if negotiations being carried on with the Government at present lor the supply of electric X power are succession During his L visit to Hokitika, the Minister for ' Public Works (the Hon. K. aempiei ‘ . MW .a conference with the representative of an Australian company sponsoring the project, and discussed the possioiliues of the Government meeting the company’s request. Before a decision is made by tne Cabinet, the jiinister proposes to make further investigations while here. Commenting on the proposal, Mr Semple said he hoped the decision wqwa be favourable. “An Ausuautm company wilose representative is witn . us is prepared to spend a considerable amount of money and build one of the biggest dredges in the British Empire," said Mr Semple, making a state- ‘ pent •?*» the conference had been held, "but power is wanted. The money is available, for the whole capital has been subscribed, but the company is waiting for the decision of : teS 6 ?* b ®l° r s U Bives orders for building the dredge, it wants power, and my hurried trip here with engineers is to make investigations and ■ 0311 assure the representative that power wUI be There are several other undertakFp! ’ an , d that P° w ®r will j» used for them, too. For instance, the Blackwater Company is ready to start another dredge, but the power , problem is there, too.” V t i lat he had asked -- •> the representative of the Australian •X company to stay in New foH week for the Cabinet’s decision. This 5- he hoped would be one to inspire the build the dredge ISSeffi! hut the Government would not ’ »^«Ss whatt6 ' MINING MAORI GULLY (FRfeBS ASSOCIATION TELEGRAM.i) _ . GRE YMOUTH, January 18.. Gully return is 18oz 12dVt for 130 hours. ARGO GOLD RETURN f Jkfh Showing is the Official return V”e, week ending January 18: JSf *a?ri C S, hOUrS aMdßed ’ “?) bulolo gold REMARKABLE RESULTS HIGH DIVIDENDS EARNED Amoiig gold-winning undertakings which have reached the production *age .since the rise in the price of fou f ago gave new and Vigorous life to an apparently dead industry, Bulolo Gold Dredging, Ltd, has already achieved remarkable results. years it has paid dividends aggregating £ 1,030,000, exceeding paVments for the Same period by either ■rf fee two outstanding Western AusSSr n View and . . ~ wiluna. Bulolo this year iknff 1 th *t liat of dividend-payers hsted on the Stock Exchange. New Guinea is now producing more gold any Australian State, except Anstraiia. Bulolo has paid of the total dividends disCSiS S£® o!,en,Ufl ® ln .* ho Ixl .February. 1930, with a , of 4 * oo0 ' 000 dollars (£1,000,000), Bulolo now is nominally at 6,000,000 dollars, and has a subscribed capital of 4,675.000 doldivided into 935,000 shares of five each. The story of Bulolo’s It® n atural of New Guinea will be long remembered as a romance of modern D , red ge units were waasported by aeroplanes. Production d?M^ omn^ enced in 1932 with one New four dredges are in and plans for the commis4, °f, iwo more are being executed. At the annual meeting recently it *ras stated that the installation of two a*®P*diggmg dredges would be preceded with immediately. One would oave a total digging depth of 120 ft, m other of 165 ft The cost would met by the sale of up to 60,000 'SiS?V ry shares as funds were reWith six dredges in operaaamings were expected to be though not necessarily proportionately, increased. On the ■J«o rlvei and about six miles from roe upper end of the company’s holdrtlft 0 11 additional area had been acFrom it, and from several - cor-tiguous areas being negoli--2“ for * about 10,000,000 yards of 25P«ted raVel reasonably be ex*.‘i n + ' be five naonths to November 1 , j he close Of thh- company’s nanciai year, the company’s estiroated piofit is more than £356.006, culated at £8 15s Australian curin„ cy ’ a One ounce of gold. The dredg- - 4>748,000 cubic yards in that | yericxi gave- a yield of 54,2230z.

; l goods for japan :i ft . Ji. .

certificate of origin not * NECESSARY :K;- - {,l ; IPMSS ASSOOIiTIOI TSUtOJU*.) . . January 18< Atfggy **as been received by the .from toe CoPßiil'Ceneral W Sydney that through the 'ivjagppwtioa of a trade agreement be* WS&*r y l *Pa» and Canada, certificates ffgto will no longer be.required of goods from New Zealand.

WOOL SALES LONDON PRICES FIRM horr and CONTINENTAL COMPETITION (BSITSj, MaOCIiTtOS —COPYIiaKt,I . : LONDON, January 17. At the wool sales. 8521 bales were offered, including 2878 from New ZeaA total of 7182 Australian and New Zealand bales was sold. There was a moderate selection, containing a small supply of Australian merinos, which, With New Zealand crossbreds, sold well to, the Home trad and the Continent at firm rates. Zealand lots sold as follows:scoured halfbred (top price 23d), average 20d. _ Dank of New Zealand Report JS*L New Zealand has reS advice fr om its London office, dated January !?• The sales continue with a verv firm Current quotations are:— m. ttda^46ul?e|,> J“°- 64 ’ s * I(} d to I7d m: ordinary, 60-64’s, Hid to 15d* inferior, 60-64’g, Hid to laid ttai* ,jj» S iSdjX isfd t iftd 36 L* inij to rt Crossbreds, lOId; 48-00’s, 9jd to 9|dIn*!!*!* I| d * t5 9 * d *‘ 44 * 46 ’ s > Ad to B|d 40*44 s, 8d to B|d; 38-40’s, 7|d to Bd. FIRST WANGANUI SALE SUM OP £360,000 POE GROWERS (PBtas association telbgbam.) WANGANUI, January 18. Affter the- first Wanganui wool- sale of tne season, approximately £360,000 will be paid to growers. The figures MiSSST** sale lM * year DAIRY PRODUCE LONDON MARKET BUTTER IRREGULAR The New Zealand Dairy Board has received the following market report hs London office, dated January butter—New Zealand salted, 91s to 92s to 93s (last Week 98s to 975), equals approximately 10.6Vd, f.0.b.; unsalted. 102s to 104s (102s to 104s). Australian, salted, 90S to 92s (95s to 90s); unsalted. 98s to 100s (101s to 102S). South Africa, 86s to 91s. Market continues irregular New Zealand retail price, unchanged, Is. Argentine, uusalted, 96s ter’9Bs (94s to 100s>. Danish. 945, f.0.b.. 115s to H6s Spot (100s, 1225); Danish spot market weaker. Retail price unchanged, Is 3d. f ol Jsn. salted,. 88s to 90S; unsalted. 92s fsa^to Cheese—New Zealand white (5.9 d, i.o.b.>, 54s (56s to 575); coloured (8 35d f.0.b.), 57s to 58s (60S to 61s) Australian, white, 52s to 53s (53s to 85sj; coloured,-54s to 57s (57s to 50s), Canadian, white, 59s to 62s (59s to 625) • coloured. 60s to 64s (61s to 645); old Season’s, white, 64s to 68s (64s to 68s)r. English, finest farmers’, 96s to 106s (90s to 106s); English factory cheese, 48s to 52s (48s to 50s). Market quiet New Zealand retail price unchanged, 7d. The minimum f.o.b. prices for period from January is, 1836, until, further notice are;— Butter, lid, less 14 per cent, commission (89s la, clf.e) ‘ cheese, s|d, less lj per cent, commission (49s 7d, c.i.f.e.). ar rfsk of Is per cent, has been arranged for the following vessels:— Port Wyhdham. Norfolk. Cornwall, and Coptic. A. H. Turnbull and Company’s Report ™ egrj ?V> was received by A. H. ™s>un and Company from London, butW ~ s fpßows;—Danish New Zealand finest 91s. Kangaroo 90s. New Zealand cheese, wmte. 535; coloured, 575. Canadian cheese, 61s. The butter market is slow the cheeso market quiet, with no demand. the metals market {XTXIftD PBgl3B ASidCUTIOir— COPTAIOiT.t LONDON, January 17. Jan. 16. Jan. 17. _ £ s. d. £ s. d. Copper—

BRITISH PRODUCE MARKETS LONDON PRICES (tnrrnso miss lasociAtroi-^coPTuoBT.) (Received January 16, 110 p.fn.) LONDON, January is. ™ay's closing jarlces Were:- _ Cottony-Spot &l3d per lb, February vjl)2Cl* Subbej-ypara, 7d per lb;; plantation smoked, aid. Jute-yJanuary-February, £BO ids a •OiEl* South Sea £l* ss, smoked £l3 fig, Rabaul £l9 7i.M a ton. Linseed .oti-^sfild, Turpetttift#~£2 4s 3d per cwt.

SMITHFIELD MARKET.

LAMB PRICES FIRM MUTTON STEADY The New Zealand Meat Producers! Board advises that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities A the descriptions of meat mentioned and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smilhfield market and/or ex London stores:— (Prices for the two previous Weeks are also shown.) Per lb. Jan. Jan. Jan. 17. 10. 3. N.Z. Sheep— d ‘ d ‘ d ‘ Canterbury & North Island selected Crossbred wethers and maiden ewes;

Lamb Market—Steady with prices unchanged. Demand is improving and market is short of supplies until Steamers due next week arrive. Mutton Market—Wether and ewes: market steady for light-weights with tendency easier for heavy-weights.' Beef Market—Frozen beef market quiet and unchanged. New Zealand Porker Pigs—Slightly easier. Prices to-day are from Jd to id lower than quotations with trade slow. New Zealand Baconer Pigs—Price has advanced slightly owing to temporary short spot stocks. Bank of New Zealand Report PoUmrt nk f % w Zealand has received the following advice from its London office at the close of business last week: The market for Wethers is weaker for heavy-weights, but light-weights remain steady. The market for ewes is rather easier, and supplies are more to meet the demand. The market for lambs is in short supply until next arrivals; there is a moderate demand. Trade generally is Slow. Wethers— v j er Light .. % . d- • He »vy ” L " ® Ewes ' ' ” of Lambs- ‘ to 3g B’s * . *• to 8 Sfeconds - ?| to 7i POULTRY MARKET Heavy entries of all classes of poultry were received by the Canterbury Cooperative Poultry Pfoducei-s, Ltd., at their sales on Wednesday and Friday, Chicken of all classes were plentiful, and birds of 31b apd over Were keenly sought after, ? an k? expected for mis time or the year, boilers are the mainstay of atld i a hbough there has been a slight easing in prices, no diffleiiltv be . en experienced in quitting all lines at satisfactory figures. 8 unes at The following prices were realised:— 7s Srt en i’mht aV / t0 9 n s a . palr > medium to 7s 6d, light from 2s to 4s 8d: hollars saunfa. iigM 2s - «

FRENCH AND AMERICAN EXCHANGES U’NUF.U PRSSS iBSOciATION--Co;>Yit GH . tt .. j LONDON. January 18. United States and French exchange was quoted to-day at: Dollars 4.95 3-16 francs 75 to £1 sterling. ,■

STOCK EXCHANGES

CHRISTCHURCH SATURDAY’S TRANSACTIONS Quiet but firm conditions prevailed op call on Saturday morning, and the recorded turnover was small. Bank shares Were steady at late rates. Transactions, exclusive of vestibule business, were;— LISTED STOCKS Sales on ’Change £ s. d. 25 Dalgety and Co. 8 110 50 N.Z. Breweries .. 213 0 235 G. J. Coles (2) 313 9 3 13 6 (2) 313 0 500 Goldfields Dredging .. 00 5| Sales Reported 100 N.Z. Refrig. (£1 paid, cum div.) ~ 12 0 50 G. J. Coles .. 313 0 Miscellaneous Unsupported Sellers of National Insurance reduced their limits to 18s 6d. Dalgety and Company were firmer, with buyers and business at £8 11s, sellers at £8 11s 6d. New Zealand Refrigerating, fully paid, cum dividend, were steady at 225. and late sellers at that price failed to attract buyers. New Zealand Breweries had business at 535, sellers staying ,in at that figure, buyers at 52a 9d. Sellers of Broken Hill Proprietary reduced their limits to 595, buyers at SBs 9d. G. J. Coles had dealings at prices ranging from 73s 9d to 735, sellers staying in at the lowest price, buyers at 72s 9d New Zealand Newspapers were firmer on buyers’ offers, 41s 7d. Mining Goldfields Dredging were firm with buyers and business at ssd, sellers at 5Jd. Buyers of Martha Gold Mining moved Up to 19s fid, but sellers were reticent. LATEST QUOTATIONS N.Z. Govt. Debentures Buyers. Sellers.

UNLISTED STOCKS

All transactions in stock Quoted in- this section are subject to a .different rate of brokerage from the listed stock and are not quoted on the official list. Buyers. Sellers,

FOREIGN EXCHANGE RATES The Bank of New South Wales, Christchurch, quoted the following rates os ruling on Saturday for Its sales and burchases of foreign exchange. The rates are subject to alteration without notice:— T . Buying. Selling. London— ‘ •

DOLLAR MARKET RATES

The Associated Banks (other than the Bank of New South Wales) Quoted the following dollar rates on Saturday Oil a New Zealand currency basis. They are subject to alteration without notice:— V.S.A. Canada. Dol. Sol. c (Eer N.Z.) Selling— T.T. .. .. 3.97| 3.87| . O.D. .. .. 3.971 3.98 Baying— , O.D. ». .. 4.02), 4.02| ■ . ... Y .. ■ ■ /. ■■ ■ . ! -.

Standard, spot 34 9 44 34 13 14 •forward 34 16 104 35 0 74 0 Electrolytic . * 38 5 0 38 10 to 39 0 0 39 0 o Wire bars Lead— 39 0 0 39 0 0 Spot Forward Spelter- •• 14 8 14 11 9 . 3 14 13 9 14 17 1 6 Spot 14 3 9 14 3 9 Forward Tin14 8 9 14.8 9 Spot 212 17 0 211 7 6 . Forward (3 months) Silver— 204 10 0 203 8 8 Fine, per oz. 19id 19d Standard, per OZ. ' 21 7*16d 204d Pig Iron— Jail, 10. Jan. 17. British 3 10 0 3 10 0 Export 3 1 0 3 1 0 Antimony— British 72 10 0 72 10 0 Foreign ,. 41 5 .0 46 5 0 Molybdenite 1 14 A unit 8 1 14. 0 Wolfram 1 15 0 ' 1 16 6

481b and under 53 5.1 5? 48 to 56!b 54 5g yi 5| 57 to 641b H 4J 5 85 to 721b 4-| 4| 43 North Islaa,: 48 to 561b 5-1 58 64 57 to 641b 4| 4-8 5 65 to 721b Ewes— 4| 4| 43 481b and under 39 3| 38 48 to 641b 3i 34 34 3 65 to 721b 2g 3 N.Z. Lambs— North Island DownsNew season’s: 361b and under 8 8 84 37 to 42lb 8 8 84 Second quality: Average, about 301b 7| 78 73 North Island1 8 First Quality: New season’s: 361b and under 7J 7 8 8 37 to 421b 7178 8 Second Quality; Average about 3 lib 7* 78 74 Australian Lambs— Victorian: - First quality (new season’s! ; 361b and under n 74 74 37 to 421b ej 6f 63 Argentine Lambs— First Quality: New Season’s— 361b and under 68 68 68 , 37 to 421b 6| 6g 69 N.Z. Frozen BeefOx hinds, 145 to 2101b 33 31 33 Ox fores. 145 to 2101b 28 28 2 A N.Z. Chilled BeefOx hinds, 145 to 2101b 4| Ox fores, 145 to 2101b 2§ Argentine Chilled BeefOx hinds, 145 to 2101b 5| 5§ 54 Ox fores, 145 to 2101b 3 23 24 Uruguayan Chilled Beef— Ox hinds, 145 to 2101b 5i 58 5 Ox fores, 1451b to 2101b 23 21 2| Australian Frozen BeefOx hinds. 145 to 2101b Ox crops, weights 3 1 38 38 corresponding 2S 28 2| Australian Chilled BeefOx hinds, 145 to 2101b 41 44 44 Ox. crops, weights corresponding 2i 24 . 2y ooutnern Rhodesian Chilled BeefOx hinds, 145 to 2101b 4 h 44 4 OX fnres. 145 to 2101b N.Z. Porker Pigs— 2} 24 2i First quality: 60 to 801b 7 7 74' 81 to 1001b 6| 6| 63' 101 to 1201b a 6 g N.Z. Prime Baconer Pias— ‘ 121 to 1601b ,. 53 54 54

3i p.c. Ins., 1938-52 .. £ s. d. £ s. d. 102 0 0 3J p.c. Ins., 1939-52 .. 102 5 0 103 10 0 33 p.c. Ins., 1941 101 10 0 4 p.c. Ins., 1937-40 .. 100 7 6 100 15 0 4 p.c. Ins., 1948*49 .. 104 5 0 4 p.c. Bonds. 1940 100 7 6 ' 4 p.c. Bonds, 1949 104 5 0 — Banks Comm, of Aust. (cum div., 10s) 0 18 4 0 18 6 Comm. of Aust. (pref., cum div., £10) ., 9 14 0 Comm, of Sydney (£12 10s) 18 12 0 18 17 6 E., S„ and A. (£3 pd.) 5 19 0 a 0 0 Natl, of A’asla (£10 paid) 14 2 0 14 15 0 Natl'. of A’asla (£5 Paid) 7 0 6 7 2 0 Natl, of N.Z. (£2 10s) New South Wales (£20) 3 10 0 3 11 6 33 0 0 33 12 6 New Zealand (£1) .. 2 7 6 2 7 8 Reserve (£5) 5 15 0 Union of Aust. (cum dlv., £5) 9 13 0 9 17 0 - Insurance National (7s paid) , 0 18 6 N.Z. (cum div.. £1) .. 3 1 0 3 5 0 Standard (£1 paid) 3 4 6 Loan and Agency Ch.Ch. Build. Society (£10) 14 0 0 Dalgety and Co. (£5) B 11 0 8 11 8 Goldsbrough, Mort (£1) 1 13 0 1 13 Mortgage Corpn. (6s pd.) 0 4 9 Mutual Benefit (£10) 13 0 0 N.Z. Guarantee Corp. (3s) 0 s 1 0 3 3 N.Z. Loan and Merc. (ord. stock, £100) .. SO 0 D ' Perm’t Invest. (£10) .. 10 s 0 United Build, Sob. (£1) 1 0 5 1 1 9 Shipping New Zealand (ElOjT .. 11 5 0 Frozen Meat N.Z. Refrig. (10s pd.. cum dlv.) 0 10 10 0 11 0 N.Z. Refrlg. (£1 pd.. cum dlv.) ., — 1 2 0 North Cant. Freezing (£3 paid) 1 4 0 1 9 0 .Woollens ManaWatu Knitting (£1) 1 10 0 1 17 0 Oamaru (£1) 1 n 6 Kalapoi (pref., 17s) .. 0 17 6 0 18 6 Mosgiel (£4 paid) 10 5 0 10 10 0 Coal Grey Valley (£1) 0 7 9 Westport-Stockton (pf., 10s) 0 2 3 — Gas Christchurch (cum dlv., £1) 1 17 0 2 . 0 0 Christchurch (10s pd., cum div.) .. 0 1G 10 — Breweries Montelths (£1) 1 1 6 New Zealand (£1) 2 12 9 2 13 0 Staples (£1) .. 1 13 0 1 18 0 Timaru (10s) 0 12 0 Tlmaru ( is od paid) .. 0 ~9 4 Tooths (£1) .. 2 12 9 2 13 0 Tooths (rights) (K£l) — < 1 13 6 White Star (£1) 0 10 0 Miscellaneous Amalg. Wireless (con.. 10s paid) ., Anthony Hordern (£1) 1 12 6 __ 1 1 2 1 1 5 Aust. Glass (£1) 4 2 9 4 3 8 Beath and Co. (£1) . . 1 8 0 1 9 6 British'Tobacco (£1) ,. 2 0 4 2 0 10 Broken Hill Prop. (£1) 2 18 9 2 19 0 Broken Hill Prop. (con., 2s 6d paid) 1 9 0 1 9 9 Claude Neon (N.Z.). (M) a 0 0 Cons. Brick (fil) , 0 11 0 Dom. Build. Sup. (10s) 0 5 6 Dunlop Rubber (£1) .. 0 16 4 0 16 . 6 Electro. Zinc (ord., cum dlv., £1) 1 15 3 1 16 0 Electro. Zinc (pref.. cum dlv., £1) 1 19 0 1 19 6 G. J. Coles (£1) 3 12 B 3 13 0 Howard Smith (£l) .. 0 ia 1ft 0 19 4 3 Hume Pipe (Aust.) (£1) 0 15 11 0 16 Kauri Timber (25s)‘ .. 1 3 0 1 3 9 Mason, Struthers (10s paid) .. — 0 7 0 Myer Emporium (£1) 1 ll 0 1 13 p N.Z. Farmers’ Co-op. (10s paid) 0 0 1 ... N.Z. Farmers’ Co-op, , (1st pref,, £5) 3 13 6 4 1 s N.Z. Farmers’ Co-op. (A pref.. £4) 2 5 0 N.Z. Farmers’ Co-op. . (B pref., £4)/ . N.Z. Farmers’ Co-op. 1 11 6 (4J p.c. Stock, 1940. and 1945, £100) SO 0 d fl.4 ■ n ft N.Z. Newspapers (£1) N.Z. Paper Mills (£1) 2 t 1 ft 7 0 2 4 10 Procera Bread (10s) ., 1 in 0 Procera Bread (vendor shares.. 10s) Quill Morris tin llqdn.) 1 10 0 2 0 0 (£1) .. Peters Ice Cream (£1) 0 1 4 5 9 0 0 1 8 3 0 Prestige (N.Z.) (pf., £1) 1 2 0 United Provisions (£1) 0 13 7 0 14 4 Whitcombe and Tombs (£2 10s paid) 3 16 0 Wilson’s Cement (10s) 2 4 0 Woolworths (N Z ord., £1) Woolworths (N.Z.) (pf„ 6 1 6 ~ £1) Woolworths (Victoria) 1 17 6 — (pref., £1) . ’ — 1 10 0 Mining Addison’s Flat (Is) .. 0 1 g Alexander (£1) 0 is 6 g Alexander (15s pd) n in 0 0 13 BertdlgO OoldHghtS (Is) 0 0 u 10 n i Big River (Is) Brian Boru (Is) , Central Shotover (Is) 0 0 n i 0 n 0 1 11J 0 0 23 Broken Hill South (£1) s in 0 Gillespie’s Beach (is) 0 0 9 d 1 0 9 ooiden Dawn (5s) 0 3 0 0 3 Golden sands (is) ,. 0 2 H 0 2 j| Goldfields Dredg. (is) King Solomon (Is) Lawson’s Plat (is) .. 0 0 0 3 54 3 0 0 0 3 0 0 0 0 00 5*; 2 03 MaerewhenUa (Is) .. Mahakipawa (6d) ,. 0 0 0 0 1 Si M|ihBkipawa. 1929 (pf. Mahakipawa, *1930 (pf. - , Is) .. .. Maori Gully (is) , 0 A 0 0 0 0 1 11 U 0 01 04 5 Mossy Creek (is) 01 Moonlight Gold, (is) 0 n R n n a Mount Lyell (£i) 1 n in 1 n H Mount Morgan (2/6 pd,) Okarifo (5s) . Upper Watui (5s pa.)* 0 18 4 0 n in 0 18 0 6 0 7 6 0 6 Skippers (Is) Stafford Sluicing (is) 0 0 23 0 0 31 0 0 1 Walhi Gd. JUtte. (2s) 0 4 1 Walmumu Sluicing (Is) 0 0 34 0 0 f Worksop Extend. (Is) 0 2 3 0 2 Martha (5s) 0 19 6

£ s. d £ a. d. Atgo Gold Dredging 0 131 0 1 41 Assoc. Motors Petrol (pref.) 13 6 Ben Led! (Is paid) 0 0 1 0 0 3 Christchurch Press .. 9 10 0 Emperor (Fiji) 0 12 6 0 15 0 National Tobacco 3 8 0 N.Z. Mining Invest. 0 0 3S 0 0 9 Tiprotr Seal 2 10 0 3 0 0 Were’s Invest, Trust 0 5 1 6 6 0 Westland Breweries (10s paid) .) 0 10 5 i,;. ' Westland Breweries (£1 paid) .. ' 1 0 10 WOolworths (SvdrtevV (ord.) 5 19 0 6 0 6 Woolworths (W. Aust.) 8 15 0 white’s Electric 0 ‘0 7 AUCKLAND ' Sales on ’Change 3J p.c. Ins. Stock. 1938-52 .. £ s. 103 10 d. 0 Hi., b., and A. 3ank . 5 19 6 Bank of N.Z. (D. Mort.i 1 n 3 Kauri Timber 1 3 6 AUst. Glass 4 4 16 Aust. Steel (nref.) 0 Broken Hill Pi 2 19 0 N.Z. Paper Mills v 1 10 3 WELLINGTON Sales on ’Change £ s. d. p.c. Ins. Stock, 1938-52 (late Friday) k 103 10 0 4 p.c.. Ins. Stock. 1946-49 (late Friday) 104 10 0 4 p.C. Ins.' Stock* 1952*55 105 0 0 4 p.c. Govt. Bonds. 1946-49 (late Friday) 104 10 0 4 p.c. Govt. Bonds. 1992*55 .. 109 0 0 Rural Bonds 103 5 0 National Bank Of N.Z. 3 11 6 Bank of New Zealand (4) 2 7 6 Bank of New Zealand (long term) 1 11 6 Broken Hill (late Frldav) 2 19 0 General Industries * 1 1 4 Mount Morgan (late Friday) .. U 18 8 DUNEDIN Sale on ’Change Bank of New 5 £ s. d. Zealand 2 7 8 SYDNEY Commonwealth Bonds— d. 6 33 per cent., 1949 98 12 4 per cent., 1938 , t 101 16 3 4 per cent., 1941 0 102 12 6 4 per cent., 1944 103 12 6 4 per cent., 1947 105 2 6 4 per cent., 1958 0 # 103 17 6 4 per cent., 1955 , 0 104 10 0 4 per cent., 1959 105 9 0 4 “per cent., 1981 103 12 0 Toohey's Brewery . * 1 11 3 Anthony Hordern , 4 1 1 6 Associated Newspapers 1 3 3 Australian Glass 4 4 0 British Tobacco 2 1 3 Colonial Sugar 44 2 6 • James Stedmah 0 18 0 FOREIGN EXCHANGES ■ IUUTIBH OFFICIAL W1EELE88.) RUGBY, January 11. Par. Jan. 16, Jan. 17 Paris, fr. to El 124.21 7461*64 1461-64 New York. dol. to £1 4.866 4.961 4.95 8*16 Montreal, dol. to £1 4.866 4.964 4.903 Brussels, belgas to £1 35 29.30 29.314 Geneva, fr. to £1 23.2213 18.20 . 13.19 Amsterdam, fl. to £1 12.107 7.274 72274 Milan, life t« £1 94.26 615 615 Berlin, reichmarked to £1 20.43 12.29 12.204 Oslo, kr. to £1 18.159 Stockholm, kr. to £1 18.159 199-16 19 9*16 Copenhagen, 18.159 kr. to £1 22 £94 22.394 Vienna, schgs. to £1 34.585 254 254 Prague, kr. to £1 164.25 119| 119| Helsingfors, marks to £1 193.23 226| 227 Madrid, pesetas to £1 25.2218 3611-64 36 3*16 Lisbon, escudos to £1 110 110} 1101 Athens, drach - to £l 875 520 620 Bucharest, lei to £1 818.6 667 665 Belgrade, dinars 25.2213 21.7 21.7 Rio de Janeiro, pence to milrels 5.899 44 44 Buenos Aires, pence to dol. 47.39 Montevideo, pence to dol. Bombay, 61 394 394 pence to run. 19 18 9*64 18 9.64 Shanghai, pence to dol. *. 144 144 Hong Kong. pence to dol. Yokohama, * m 15 11*16 .pence to yen Batavia, ♦ 14 1-32 ■ 14 1-32 # guilders Warsaw, par 12.107 7.254 7.244 zlbtys to £1 12.107 26.21 2 6.21 •Determined by pride of silver.

£ N.Z. to £ 100 stg. T.T. 124 124/10 * „ O.D, 123/10 124/8/9 Australia— £A to £100 N.Z* T.T. 101 100/10 O.D. 101 160/10 Fiji— £F. to £100 N.Z. T.T. 80/7/0 89 . . . O.D. 80/7/6 89 New York— £>ol. to £1 N.Z. T.Tj,4.01 3.97g . O.D. 4.011 Montreal— 3.973 , Dol. to £1 N.Z. T.T. 4.01 3.973 , , O.D. 4.011 Austria— 3.98 Schgs. to £1 N.Z. T.T. —' 20.08 . O.D. — 20.70 Belgium— Belgas to £1 N.Z. T.T. — 23.244 O.D. — 23.259 Czechoslovakia— Crowns to £ N.Z. T.T. — 88.42 Dehmark— OJ3t 05.47 Kroner to £1 N.Z. T.T, 18.208 17.876 H '■ 0.0.1**243 France— 17.888 Francs to £1 N.Z. T.T. 60.86 69.50 _ O.D. 61.16 69.61 Germany — Kelchmarks to £1 N.Z. T.T. — 9.662 OJD. — Holland— 8.067 Florins to £1 N.Z, T.T. 5.980 . 5.730 Italy-. 5.734 Lire to £1 N.Z. T.T. — , O.D. — Java— Florins to £1 N.Z. T.T. 6.935 5.710 .. w . O.D. 5.985 Norway — 5.714 Kroner to £1N.Z. T.T. 16.199' 15.869 Sweden— »* !U». 15.879 Kronor to £1 n.Z. T.T, 15.790 13.460 Switterland— OO. MM 15.470 Francs to £i N.Z. T.T. 12.421 12.021 kT O.D. 12.496 Noumea — • 12.031 Francs to £1 N.Z. T.T. 01.81 58.81 Papeete- O.D. 62.31 58.06 Francs to £1 N.Z, T.T. 61.61 58.81 Hong Kong— O.D. 62,21 58.36 N.Z. pence to dol. T.T. 18 15-16 20 7-16 India and Ceylon— °' D * 1813-1(5 2018-32 N.Z. pence to rup. T.T. 22| 22 23-32 japan— 0 E> * 22i 22 21-32 N.Z. pence to yen T.T, — 17 45*64 Shanghai— O D ' ~ 17 11-16 ■ ■ pence to dol. T.T. 1717-64 18 37-64 Singapore- OJ>. 17 8-64 18 0-16 N.Z. pence to dol. T.T. 348 35 5-16 OJJ. 341 351 o:d. ■ PftlCE OF GOLD (u»itbd raiss Associinoir—oornutixT.) „ ,, . LONDON, JanuafY 18. uoio is Quoted a fine ounce;T £ s January 18 7 fl . d. 1 IQ January 17 ? 0 Jl