VALUES ON STOCK EXCHANGE

Press, Volume LXXIV, Issue 22467, 30 July 1938, Page 12

VALUES ON STOCK EXCHANGE

ASSOCIATED BANKS’ DOLLAR RATES The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis. They are subject to alteration without notice:— U.S.A. Canada. (Per £1 N.Z.) Dol. Dol. Sell mSr .. 3.94 5-16 3.95 9-16 O.D. ~ .. 3.942 3.96 BUy T n T~ .. .. 3.971 3.98 J O.D. .. •• 3.98| 3.99 J LONDON Quotations:- Buyers . Sellers. £ s. d. £ s.d. Clutha River .. 22 } il Molyneux River .. 0 0 10J 0 X 14 BANK OF ENGLAND RETURN LONDON, July 28. The following Is the Bank of England return for the week ended July 28:— ISSUE DEPARTMENT Notes Issued— f- nnn In circulation • • •• 493.300,000 In banking department .. 33,100.000 526.400.000 Government debt .. •• - oa*nm*nnn Other Govt, securities ... 189,000,000 Other securities .. -- Silver coin •• *• Fiduciary Issue .. •« 300.000.000 Gold coin and bullion .. 326.400.000 526.400.00 d BANKING DEPARTMENT H c e a s p t ital ;; :: 'SSSSSS Bankers deposit ® " i|lßgg Other accounts .. •• 35,100,000 180.700.000 Government securities .. 115,800,000 Discounts and advances .. 9.500,000 Other securities . .. .. 21.300.0Q0 Notes and coin .. •• 34,100,000 180.700.000 The ratio of reserves to liabilities is 21.01 per cent. The rate of discount is unchanged at 2 per cent, GOVERNMENT SECURITIES

COMPANIES REGISTERED

Midland Finance Company, Ltd. Registered July 19. ' Capital: £4OOO Into 8000 shares of 10s each. Subscribers: Christchurch —J. Penny 500, S. H. Maddren 500, E. N. Cook 200. O. M. Cook 200. H. A. Martin 200, N. S. Cook 1600, H. H. Cook 1600. Objects—To acquire business of Automobile Finance Company. assignments of H.P. agreement, and other securities and incidental. Silica Bricks (Canterbury), Ltd. Registered July 20. Capital; £40,000 into £1 shares. Subscribers: Wainul—R. W. F. Newton 200. Christchurch —B. O. Moore 200, A. C. Harrison 200. H. J. Flnlayson 200, P. L. Mansell 100. J. F. Page 200, V. G. Spiller 200. Objects—Purchase exclusive right to and manufacture sand lime bricks under Kalksandstein Brickmaking Process. _ , , _ Caldwell (D. A.) and Company, Ltd. Registered as a private company July 21. Office: Motor Garage. Waimangaroa. Capital: £2OO in 200 shares of £1 each. Subscribers: Westport—D. A. Caldwell 100, T. Moynlhan 100. Objects: Motor garage proprietors, motor-car dealers, and incidental.

PRICE OF GOLD

LONDON, July 28. Gold is quoted at £7 Is 5d a fine ounce, a rise of Id.

PRICE OF SILVER * ' (E&tnsß omciu. wnutusas.) RUGBY, July 29. Spot silver Is quoted at 19 5-16 d » fine ounce and forward at 19 3-lod, a decline of id in both prices. PROPERTY SOLD BY AUCTION WELL-KNOWN CITY FREEHOLD. Messrs Ford and Hadfield, Ltd., auctioneers, 131-133 Worcester street, report having sold yesterday by pubue auction the city freehold, being Nos. 283, 285, and 287 St. Asaph street, consisting of full quarter-acre and brlcK shops, stores, and living belonging t to the W. H. Travis’s Trust, to a client. The property was sold for cash. 1 AUCTION REPORT Messrs Ford and Hadfield, Ltd., auctioneers and estate agents, 133.-133 Worcester street, have to report having submitted by public auction, on account of the owners of the property situated 26 St. James street, and having sold same at the auction to a client at a satisfactory price. —1

CHRISTCHURCH RATES, JULY 29, 1938 FORMER LEVELS COMPARED Return Am’t. Approx. market • « O . . dt* v on investment at approx, market price. Companies. paid. a sh’e. Buyers. Sellers. Approx. market price. price a year ago. ..gs > «JS qn" w o Dividend payable. £ £ s. d. £ S. d. £ s. d. £ s. d. £ s. N.Z curr d. Banks— Australasia 5 10 7 6 12 7 6 8 Feb.-Aug. 3 17 1 Comm, of Aust. 10s 0 16 6 0 16 8 0 16 8 0 18 1 7 1-12 Oct.-Mch. Comm, of Aust. (pref.) 10 9 5 0 9 10 6 9 9 0 9 7 6 4 Oct.-Mch. 4 4 8 Comm, of Syd. 12* 20 0 0 — 20 5 0 21 15 0 6i Jan.-July 3 18 8 3 5 3 0 5 4 0 5 4 0 5 19 0 7 Nov.-May Natl, of A’asia 10 — — 15 7 0 6 Nov.-May Natl, of A’asia 5 6 14 9 6 13 0 7 7 6 6 Nov.-May 4 10 3 Natl, of N.Z. .. 21 2 13 0 2 13 9 2 13 6 3 0 0 4J Jan.-July 4 4 N.S.W. 20 30 15 0 31 10 0 31 0 0 34 15 0 6 Jan.-July 3 17 5 8 5 0 — 8 8 0 10 3 6 7 Jan.-July 4 3 New Zealand .. 1 2 2 8 2 3 3 2 3 0 2 4 6 10 Jan.-July 4 13 May-Nov. 4 6 6 National 7s — 0 17 5 0 17 4 0 18 0 10 5-7 New Zealand .. 1 — — 2 17 6 3 6 0 10 Feb.-Aug. 3 9 6 South British .. 10s 2 6 0 _ 2 6 6 4 17 0 133 Apl.-Oct. 2 19 2 Standard 1 — 2 17 0 2 16 0 2 18 0 12i Mch.-Sep. 4 9 3 Loan and Agency— May-Nov. 4 19 i Dalgety and Co. 5 8 1 6 8 1 6 10 0 0 8 Goldsbrough, M. United Building 1 1 7 3 1 7 9 1 7 6 1 16 0 7 Dec.-June D 1 XU 1 1 0 3 1 0 9 1 0 6 1 0 6 5 Oct.-Apl. 4 17 5 Frozen Meat— July.-Oct. Gear 10s 0 14 3 0 17 6 7i 5 5 3 N.Z. Refrig. .. 1 0 18 3 0 19 0 0 18 6 0 19 10 5J Feb. 5 18 10 N.Z, Refrig., con. 10s 0 8 3 0 8 4 0 8 9 0 9 6 5J Feb. 6 13 4 Gas— 5 10 0 Auckland 1 — 1 0 0 1 1 9 5i July-Feb. Auckland (con.) 15s 0 14 3 0 14 9 0 14 6 0 15 3 5i July-Feb. 5 13 9 Christchurch .. 1 1 7 0 1 7 9 1 7 3 1 8 3 7 Aug.-Feb. 5 2 9 Ch.Ch. (con.) .. 10s 0 13 6 0 13 6 0 13 6 7 Aug.-Feb. 5 3 8 Wellington 1 — 1 15 0 1 16 9 8 Aug.-Feb. 4 11 5 Shipping— 4 12 Huddart-Parker 1 2 7 9 1 18 3 11 May-Dec. i P. and O. Def. 1 1 4 9 1 6 3 1 6 0 2 1 6 4 May-Dec. 3 1 6 Union prcf.) .. 1 — — 1 6 3 1 7 0 5i May-Dec. 4 3 10 Coal— 6 13 Taupiri .. 1 — 0 15 0 0 15 6 5 Nov.-May 4 Westport .. 10s 1 4 6 1 4 9 1 4 6 10 May-Nov. 4 0 9 Breweries— 4 12 Carlton .. 1 __ 3 5 9 3 6 0 15 Oct.-Mch. 3 New Zealand .. 1 2 2 10 2 3 2 2 3 0 2 10 3 8J Jan.-July 3 19 1 Tooheys 16s — 1 11 0 1 10 0 — 9 Mch.-Sep. 4 16 0 Tooths ., 1 2 14 6 2 15 9 2 15 0 2 14 9 10i May-Nov. 3 16 4 Miscellaneous— Dec.-June Aust. Glass 1 4 15 6 4 16 6 4 16 0 4 15 0 15 3 2 G Beath and Co. 1 0 18 9 1 0 0 0 19 0 1 2 0 5 Mch.-Sep. 5 5 3 British Tobacco 1 2 8 1 2 8 10 2 8 6 2 9 6 10 March 4 2 5 Broken Hill Pty. 1 3 0 0 3 0 7 3 0 3 4 2 3 12J Nov.-May 4 2 11 Burns, Phlip .. 1 2 13 0 3 12 6 10 Nov.-May 3 15 5 Coles 1 4 2 3 4 2 6 4 2 6 — 17J Jan.-July 4 4 10 Colonial Sugar 20 48 10 0 48 7 6 47 0 0 71 Nov.-May 3 2 0 Dom. Fertiliser 1 1 5 0 1 5 6 1 5 3 1 4 9 6 June 4 15 0 Dunlop Rubber 1 1 1 10 1 2 3 1 2 2 1 3 9 7 Apl.-Oct. 6 6 3 Elec. Zinc (ord.) 1 2 3 10 2 4 0 2 4 0 2 17 3 171 Mch.-Sep. 7 19 10 Elec. Zinc (pf.) 1 2 7 3 2 8 3 2 8 0 2 18 0 171 Mch.-Sep. 7 5 10 Henry Jones .. 1 — — 2 8 0 2 10 0 10 June-Dee. 4 3 4 Kauri Timber.. 25s 1 1 6 1 4 0 1 3 0 1 2 9 6 June-Dee. 6 10 5 N.Z. Drug Co. 2 3 10 3 3 n 0 3 10 6 3 14 0 8 Sep.-Apl. 4 10 9 Mount Lyell .. 1 1 8 10 1 9 0 11 9 0 2 2 9 17* June-Dee. 12 1 4 Farm. Fertiliser I 0 19 0 1 0 10 1 0 0 1 1 0 6 August 6 0 0 N.Z. Newspapers 16/8 — 1 15 6 1 14 0 1 16 9 8 Nov.-May 3 18 5 Whit. & Tombs 2J — — 3 3 0 3 2 0 6 Mch.-Oct. 4 15 2 Wilson’s Cement 10s 0 17 6 0 18 9 0 18 0 1 0 0 7J Nov.-June 4 3 4 Woolworths 5s 1 1 4 1 1 9 1 1 9 — 15 Oct.-Apl. 3 8 ii Where no approximate price is given return is worked on mid-market price. unless only one quote is given.

OTHER QUOTATIONS Buyers. Sellers. £ s. d. £ s. d N.Z. Govt. Debenture* 3 p.c. Ins., 1941 97 2 6 100 — 31 p.c. Ins., 15/3/39-43 — 2 6 3‘. p.c. Ins.. 15/9/39-43 — 100 5 0 3) p.c. Ins.. 1953-57 — 95 10 0 3| p.c. Ins., 1938-41 99 10 0 — 4 p.c. Ins., 1943-46 102 0 0 102 — 4 p.c. Ins., 1949 101 10 0 0 0 4 p.c. Bonds, 1946 102 0 0 — Rural Bonds, 5 p.c., 15/9/47 — 102 17 6 Other Debentures North Canty. Hospital, 104 4i p.c.. 1950 — 0 0 Mount Eden Borough. 104 41 p.c.. 1/4/44-49 —— 0 0 Waikato County, 41 p.c.. 101 1/9/39 — 0 0 Napier Borough, 41 102 p.c., 1/4/43 7 6 South Canty. Power, 104 4i p.c., 1/3/48 Waitemata Power Bd.. 2 6 31 p.c., 1/11/60 —• 96 0 0 Booth, Macdonald, 5 p.c., 1/6/47 Gisborne Sheep, 6i 70 0 0 80 0 0 101 p.c., 31/8/41 0 0 — Amalg. Brick (Welling101 ton), 6 p.c., 31/3/44 .. Cooke and Son, 5 p.c.. — 0 0 • 95 29/4/47 66 0 0 0 0 Dominion Pert., 74 p.c.. 1/2/41 102 0 0 — Loan and Agency Invincible Building (cum 14 dlv., £5) 4 10 6 4 0 Mutual Benefit (£10) — 14 5 0 Nat. Mortgage (A) (£2 18 6 paid) 1 2 4 6 N.Z. Guar. Corpn. (3s) N.Z. Loan and Merc. — 0 4 5 (ord. stock, £100) .. 32 0 0 37 0 0 Frozen Meat Cantby. (£7 10s paid) — 9 14 0 Cantb'y. (pref., £5) Southland (£1) 1 10 0 6 1 17 10 6 3 Woollens Felt and Textiles (£1) 1 13 7 1 13 11 Kalapoi (17s paid) 0 10 3 — Kaiapoi (7s paid) 0 3 6 0 5 0 Timaru (£1) .. — 0 11 6 Coal Westport (10s) 1 4 6 — Westport-Stockton (10s) 0 4 0 — Westport-Stockton (pf., 10s) 0 7 3 — Gas Auckland (con., cum div., 15s paid) 0 14 3 0 14 9 Christchurch (cum div., 9 £1) 1 7 3 1 7 Christchurch (10s paid, 13 6 cum div.) — 0 Breweries Dominion (£1) — 1 15 6 Queensland (£1) — 1 7 0 Swan (5s) — 10 1 7 0 Timaru (in liqudn.) .. 0 0 — Miscellaneous Alloy Steel (N.Z.) (£1) 0 18 0 1 2 0 Amalg. Wireless (15s 12 6 — 2 Anthony Hordern (£1) 0 17 1 0 17 6 Booth, Macdonald (pf., £1) 0 2 0 0 2 5 D.I.C. (10s paid) Evans Atlas Flour — 0 15 6 19 (10s) 0 3 — Gordon and Gotch (£1) 2 11 3 — Hay’s, Ltd. (con., 15s 16 6 paid) • • • • 0 — Hume Pipe (Aust.) 18 9 (£1) 0 18 3 0 Mason. Struthers (10s paid) — 0 7 6 Myers Emporium 1 10 0 1 11 6 Mangrovite .. .. — 0 18 6 Morts Dock (£1) 0 13 0 — 6 Moturoa Oil (Ss) 0 5 3 0 5 Macduffs (pref., £1) .. — 0 18 6 MacduEEs (ord., £1) .. — 0 15 0 McKenzies. Ltd. (£1) 3 4 3 3 8 6 Nail. Electric (£1) .. O 14 0 — N.Z. Farmers’ Co-op. (A pref., £4) 1 17 6 2 0 0 N.Z. Farmers' Co-op. 2 (B pref., £4) N.Z. Farmers’ Co-op. — 0 0 (44 p.c. Stock, 1949, 91 £i00) 0 0 — N.Z. Farmers’ Co-op. (4J p.c. Stock, 1950, 95 £100) —• 0 0 N.Z. Farmers’ Co-op. 44 p.c. Stock, 1955, 95 £100) — 0 0 Quill, . Morris (1936) (£1) 0 19 0 —— Standard Cement 1 0 9 3 2 0 Taranaki Oil. (24/7 pd.) C 13 3 C 13 5 United Provisions c 6 4 t V 2 Wilcox. Mofflln (11s) t V 2 t 7 4 Woolwbrths (Victoria) 10 (pref., £1) .. — 3 0 Woolworths (Victoria) (2nd pref., £1) 1 7 0 — Woolworths (N.Z.), (5s) 1 14 0 2 1 6 Overseas Listings Woolworths (S.A.) (5s) 0 15 8 . 0 15 10 Mining 9 Austral (N.Z.) (£1) — 10 1 1 Argo (cum div., Is).. 0 1 0 2 1 Big River (Is) — 0 1 2 Blackwater (ex div.. £1) 0 17 0 Clutha River (2s) Gillespie’s Beach (Is) — 0 2 6 0 0 9 Golden Point (6d) 0 0 1 Golden Sands (Is) 0 1 6 Goldfields Dredg. (Is) 0 0 24 Grey River (10s) 0 13 8 Maori Gully (Is) 0 0 bi 0 0 6 Martha (5s) 0 12 0 Moonlight Gold. (8d) 0 0 6 Nemona (Is) 0 1 7 New River (Is) 0 0 64 0 0 74 Nokomai (5s) 0 •1 9 Okarito (5s) 0 4 0 Skippers, Lid. (Is) .. 0 0 1 Skippers (pref.. Is) .. Waihi Invest. (5s) 0 ~9 9 0 0 0 10 5 3 Waihi Grd. June. (2s) 0 2 11 Waimumu Sluicing .. 0 0 6 Worksop Extend. (Is) 0 1 0 0 1 14 Australian Mining Broken Hill Sth. (5s) 1 12 7 1 12 8 Mount Morgan (2s 6d) 0 10 8 0 10 .0 Nth. Broken Hill (5s) 2 8 3 2 9 0 Rawang Tin (10s) 0 » 2 0 9 6 Wellington Alluvlals 0 5 b 0 5 9 Zinc Corpn. .. 4 18 0

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. A.P.A. .. .. 0 9 0 — Asso. Motorists' Petrol (pref.) .. .. 12 6 1 5 0 Ballins Breweries (15s paid) .. — 0 13 0 Blackball Creek .. — 0 1 1 Kanieri .. .. 0 19 0 1 5 0 Langes Mobile Gas .. — 1 6 0 N.Z. Perp. Forests (4s paid) .. .. — 0 14 0 Radio Corpn. of N.Z. (pref.) .. .. — 0 18 6 Selfridges (A/asia) .. 0 15 6 — Selfridges (N.Z.) .. — 0 17 0 Sclfridges (N.Z.) (con.. 14s paid) .. .. — 0 0 8 Timaru Lime .. 0 19 0 1 0 3 Whites Electric .. — 0 0 4 Woolworths (W.A.) .. 4 0 0 4 10 0 Woolworths Properties (10s paid) 0 13 9 0 14 0 AUCKLAND £ S, d. 34 p.c. Stock, 1938-52 101 2 6 Amalg. Brick (Wellington), 6 p.c., 1944 97 0 0 Comm. Bank of Australia .. 0 16 8 Bank of New South Wales >. 31 0 0 New Zealand Insurance 2 17 6 South British 2 6 6 Farmers’ Auct. (A pref.) .. 1 1 9 Farmers’ Auct. (B pref.) 1 0 6 Auckland Gas 1 0 3 Auckland Gas (con.) .. .. 0 14 6 Dominion Breweries 1 15 0 Australian Glass 4 16 0 Electrolytic Zinc (pref.) 2 8 9 Morts Dock •. • • 0 14 0 0 13 9 Peters Ice (N.Z.) .. .. 1 3 3 Taranaki Oil .. •• 0 13 6 Wilson’s Cement 0 18 0 Woolworths (Sydney) • • 1 1 9 Mount Lyell .. •• 1 8 5 Mount Morgan .. .. 6 10 9 North Broken Hill .. .. 2 8 1 Overseas List Woolworths Holdings (S.A.) (2) 0 15 8 Unofficial List Rayneon (ord.) 0 4 0 Woolworths (West Aust.) «. 4 5 0 WELLINGTON £ s. d. Colonial Sugar (late yesterday) 48 10 0 34 p.c. Stock. 1939-43 100 2 6 Wellington Harbour Board, 5J p.c., 1940 102 2 6 Bank of New Zealand 2 3 0 Comm. Bank of Australia (2) 0 16 8 South British Insurance 2 6 9 Dalgety and Co. 8 1 6 Taranaki Oil • - (2) 0 13 7 Overseas Listings Woolworths Holdings (2) 0 15 .9 (late yesterday) 0 15 9 DUNEDIN £ s. d. Sales Reported Bank of N.Z. (late Thursday) .. 2 3 0 N.Z. Paper Mills (cont.) 0 ii 6 Broken Hill Pty. (cont.) 1 16 3 SYDNEY The Sydney share market was dull yesterday. with, only narrow price variations. Buyers continue to operate with caution. A splendid rain is falling over New South Wales and this is expected to stimulate the market next week. Morning Sales £ s d. Tooths 2 15 6 Tooheys .. • • • • 1 11 Broken Hill Pty 3 0 Colonial Sugar 48 12 6 Huddart-Parker (pref.) i 9 0 Afternoon Sales £ s. d. Bank of New South Wales .. 31 7 6 Bank of Adelaide 6 5 0 Colonial Sugar 48 12 6 British Tobacco 2 9 0 Tooths .. •• •• 2 15 6 Tooheys .. 1 ii li Kandos 1 7 Morts Dock ... 0 13 9 Australian Gypsum (N.Z. deliv.) 1 1 9 Traders’ Finance 1 2 6 W. Adams (rights) 0 0 R. Fowler 0 12 3 Woolworths . • 1 2 li Wunderlich 1 0 6 Peters Ice-cream .. .. 2 11 9 Mauri Bros. 3 8 0 Mount Morgan 0 ii 0 Emperor 0 12 10 MELBOURNE The Melbourne market showed a slightly better tone yesterday ih view of the better New York market. The Broken Hill South dividend of 6d was expected by the market. Gold stocks are irregular. Sales £ s. d. Comm. Bank of Australia 0 16 8 Carlton Brewery 3 6 6 G. J. Coles .. . • • 4 3 9 Australian Iron and Steel (pf.) i 8 3 Goldsbrough, Mort 1 7 9 Herald and Times 3 Imperial Chemicals (pref.) i i 6 Mount Lyell 1 9 4J 3 1 3 Broken Hill Pty. (new, paid) .. 1 17 7i North Broken Hill 2 8 9 Emperor •. •• •• 0 12 11 Loloma •• , X

FOREIGN EXCHANGES (BAIT1SH OmCUt WIEBLESB.) RUGBY, July 28. Par . July 27. July 28. Paris, fr. to £1 170 178 3-32 178 9-64 New York, dol. to £1 4.866 4.922 4.91} Montreal. dol. to £1 4.866 4.93} 4.93} 29.09} 29.08} belgas to £1 35 Geneva, fr. to £1 25.2215 21.49 22.47 Amsterdam. 8.95} fl. to £1 12.107 8.952 Milan, lire to £1 92.43 93 9-16 93} 12.24} marken to £1 20.43 12.25} Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm, kr. to £1 18.159 19.39} 19.39} Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 — Prague, kr. to £1 154.25 142 9-16 142 9-16 Helsingfors, marks to £1 193.23 226} 226} Madrid, pesetas to £1 25.2215 — Lisbon, escudos to £1 110 110 3-16 110 3-16 Athens, drach 547} 547} to £1 375 Bucharest. 670 lei to £1 818.60 670 Belgrade, 217 dinars 376.3 217 Rio de Janeiro, pence to milrels 4.90 2 27-32 2 27-32 Buenos Aires, 18.92 pence to dol. 51 18.92 Montevideo 20 20 pence to peso Bombay, pence 17 15-16 17 15-16 to rupee • Shanghai, 9} 9} pence to rup. Hong Kong, 15 15 pence to yen Yokohama, 14 pence to yen 24.58 14 Batavia, 8.94 guilders 12.107 8.94 Warsaw, par 26.31 zlotys to £1 43.38 26.31 •Determined by price of silver. BANK OP NEW SOUTH WALES The Bank of New South Wales quoted the following exchange rates yesterday:— Buying, Selling N.Z. on London— 124/10/£N.Z. to £100 stg. T.T. 124 O.D. 123/11/3 124/8/9 £A. to £100 *.Z. T.T. 100/17/6 100/5/O.D. 100/17/6 100/5/Fiji— £F. to £100 'J.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— 3.9428 Dol. to £1 1 *.z. T.T. 3.9771 O.D. 3.9871 3.9468 Montreal — 3.9561 Dol. to £1 1 sr.z. T.T. 3.9885 O.D. 4.0005 3.9601 Belgium— 23.258 Belgas to £1 N.Z. T.T. 23.568 O.D. 23.643 23.269 Czechoslovakia — Korunas 113.66 to £1 4.Z. T.T. — O.D. — 113.71 Denmark— T.T. 18.203 17.893 O.D. 18.263 17.899 Finland — 179.62 T.T. 185.42 O.D. 185.82 179.72 France— T.T. 144.61 142,11 Francs to £1 N.Z. O.D. 145.61 142.15 Germany— Reichmarks 9.767 to £1 NT.Z. T.T. — O.D. — 9.772 Greece — Drachmae 429.54 to £1 )T.Z. T.T. — O.D, — 429.84 Holland— T.T. 7.297 7.147 O.D, 7.337 7.151 74.93 Lire to £1 *.z. T.T. — Q.D. — 74.98 7.125 Florins to £1N.Z. T.T. 7.275 O.D. 7.315 7 .129 Norway — T.T. 16.182 15.892 O.D. 16.242 15.898 T.T. 147.11 140.36 Francs to £ 1 tf.Z. O.D. 147.61 140.40 Papeete— Francs to £1 N.Z. T.T. 146.51 140.51 O.D. 147.51 140.55 Sweden — T.T. 15.786 15.491 O.D. 15.846 15.497 Switzerland — T.T. 17.429 17.159 O.D. 17.534 17.164 Chefoo— dol. T.T. — O.D. — 12} 12 15-16 N.Z. pence to Hong Kong — N.Z. pence to dol. T.T. 18 29-64 O.D. 18 27-64 18 53-64 18 53-64 T.T. 22 9-64 O.D. 22 7-64 22 27-64 22 27-64 N.Z. pence to rup. Japan — N.Z. pence to yen T.T. — O.D. — 17 9-18 17 9-16 Manila — N.Z. pence to peso T.T. 29 49-64 O.D. 29 43-64 30 17-64 30 17-64 Shanghai — N.Z. pence to dol. T.T. Not quoted O.D. Not quoted Singapore— N.Z. pence to dol." T.T. 34 17-32 O.D. 34 7-16 35 1-64 35 1-64 BRITISH WHEAT MARKET LONDON. July 28. Wheat cargoes are steadier.^ Parcels ar#» easier. Futures are quoted. July 25, July 28. London (a quarter) — s. d. s. d. August November .. 32 9} .. 27 10 31 7} 2T U Liverpool (a cental)— Ju!y -.6 8| October . • • • o oj 6 83 5 7* December u .. 3 6ft 5 4|

" LONDON, July 28. The following are the latest quotations for Government securities compared with the prices ruling last week:— £ s. d. £ s. d. July 21. July 28. British — Consols, 2i p.c. .. 75 18 9 75 15 0 Funding Loan, 4 p.c., 1960-90 .. 114 10 0 114 5 0 War Loan, 3i p.c.. . 1952 103 0 0 102 17 6 Con. Loan, 3i p.c.. 1961 .. 103 17 6 103 15 0 Victory Bonds, 4 p.c. 112 11 3 112 15 0 Commonwealth — 5 p.c., 1945-75 105 IS 0 105 17 6 4 p.c., 1943-48 .. 101 17 6 101 18 9 32 p.c., 1948-53 .. 99 17 6 100 0 0 3i p.c., 1956-61 .. 91 0 0 90 18 9 3 p.c., 1955-58 89 2 6 89 3 9 New South Wales— 3J p.c., 1930-50 .. 96 15 0 96 13 9 Victoria— 3 p.c., 1929-49 93 10 0 93 10 0 4J p.C., 1940-60 .. 101 15 0 101 18 9 5 p.c., 1945-75 105 8 9 105 13 9 Queensland— 3 p.c., 1322-47 35 15 a 95 12 6 5 p.c., 1940-60 104 0 0 104 0 0 South Australia— 5 p.c., 1940-60 105 10 0 105 11 3 3 p.c., 1916 (opt.) 76 0 0 74 15 0 Western Australia — 4 p.c., 1942-62 100 10 0 100 12 6 Tasmania— 3i p.c., 1920-40 .. 101 0 0 101 5 0 4 p.c., 1940-50 100 12 6 100 15 0 New Zealand— 4J p.c., 1940-58 .. 102 7 6 102 10 0 3 p.c., 1940 99 10 0 99 8 9 3 p.c., 1945 94 5 0 94 10 0

METALS MARKET EASIER LONDON, July 28. July 27. July 28. Copper— Standard, spol £ s. d. £ s. d. 41 11 10i 41 15 0 Forward 41 16 10J 40 19 4ft Electrolytic to •• 46 10 0 46 10 0 47 10 0 46 15 0 Wire bars # # 47 10 0 48 15 0 Lead— Spot 15 6 10i 14 15 7J Forward . , 15 8 li 14 16 10J Spelter— Spot 14 4 4i 13 19 4J Forward . . 14 8 li 14 3 l| Tin— 194 2 6 193 0 0 Spot Forward , , 195 7 6 194 2 6 19 7-16d 19 5-16d Fine, per oz Standard. 21d 2013-16d per oz. • • CHICAGO FUTURES NEW YORK, July 28. Cents a busheL July 25. July 28. September .. 68 68 December .. 71i 70 May • .. 72| 72i NEW YORK TIN NEW YORK, July 28. New York tin is quoted at 43.50 cent* per lb. BRADFORD TOPS TRADE LONDON, July 28. The Bradford market is steady but quiet owing to the coming holiday. Yarns are firm. Quotations:July 21. July 28. Merinos— d. d. 70’s .. 28 28 64’s .. 26i 26i 60’s .. 24J 24J Crossbreds — 58’s .. 22 22 56’s ( , .. 20 20 50’s m m .. 17 17 46’s m m .. *16J *16J 44’s .. *16i *16J •Nominal. >